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

RiverNorth Core Opportunity Fund

SCHEDULE OF INVESTMENTS

December 31, 2020 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 74.32%
	383,467	Aberdeen Emerging Markets Equity Income Fund, Inc.	$	3,129,091
	24,807	AllianzGI Convertible & Income 2024 Target Term Fund		247,822
	48,688	AllianzGI Convertible & Income Fund		279,469
	27,323	Apollo Senior Floating Rate Fund, Inc.		393,451
	54,953	Apollo Tactical Income Fund, Inc.		795,719
	124,102	Barings Global Short Duration High Yield Fund		1,872,699
	71,296	BlackRock Global Opportunities Equity Trust		777,839
	64,579	Blackstone / GSO Strategic Credit Fund		805,946
	21,728	Blackstone/GSO Long-Short Credit Income Fund		291,590
	35,414	Blackstone/GSO Senior Floating Rate Term Fund		503,587
	106,817	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		1,334,144
	58,041	Brookfield Real Assets Income Fund, Inc.		1,034,871
	105,666	Calamos Convertible Opportunities and Income Fund		1,430,718
	158,162	Calamos Long/Short Equity & Dynamic Income Trust		2,756,764
	79,495	Clough Global Equity Fund		1,090,671
	261,107	Clough Global Opportunities Fund		2,900,899
	208,862	Duff & Phelps Utility and Corporate Bond Trust, Inc.		2,092,797
	175,852	Eaton Vance, Ltd. Duration Income Fund		2,203,426
	86,219	First Trust Energy Income and Growth Fund		922,543
	16,071	First Trust Energy Infrastructure Fund		168,424
	2,570	First Trust High Yield Opportunities 2027 Term Fund		52,222
	240,659	First Trust New Opportunities MLP & Energy Fund		1,027,614
	58,443	Guggenheim Enhanced Equity Income Fund		382,802
	60,090	Highland Global Allocation Fund		392,388
	40,628	Invesco Dynamic Credit Opportunities Fund		436,345
	618,535	Invesco Senior Income Trust		2,461,769
	17,899	Ivy High Income Opportunities Fund		237,699
	81,471	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		512,453
	113,658	NexPoint Credit Strategies Fund		1,195,682
	53,175	Nuveen AMT-Free Quality Municipal Income Fund		802,943
	26,823	Nuveen California AMT-Free Quality Municipal Income Fund		422,730
	27,628	Nuveen California Quality Municipal Income Fund		418,840
	259,550	Nuveen Credit Strategies Income Fund		1,642,952
	274,733	Nuveen Floating Rate Income Opportunity Fund		2,379,188
	105,804	Nuveen Quality Municipal Income Fund		1,626,207
	16,804	Nuveen Tax-Advantaged Dividend Growth Fund		238,953
	96,647	Pershing Square Holdings Ltd.		3,382,645
	77,057	PGIM Global High Yield Fund, Inc.		1,119,638
	53,125	PGIM High Yield Bond Fund, Inc.		796,875
	32,803	Royce Global Value Trust, Inc.		438,248
	5,336	Royce Micro-Cap Trust, Inc.		54,000
	99,846	Source Capital, Inc.		3,984,854
	593,397	Sprott Focus Trust, Inc.		4,094,439
	17,331	Tortoise Midstream Energy Fund(a)		356,845
	93,297	Voya Emerging Markets High Income Dividend Equity Fund		677,336
	576,275	Voya Global Equity Dividend and Premium Opportunity Fund		3,008,156
	117,097	Voya International High Dividend Equity Income Fund		536,304
	73,474	Wells Fargo Income Opportunities Fund		599,548
	72,664	Western Asset High Income Opportunity Fund, Inc.		359,687
	32,314	Western Asset Managed Municipals Fund, Inc.		414,912
TOTAL CLOSED-END FUNDS
(Cost $55,167,536)				59,086,744

Shares/Description			Value
BUSINESS DEVELOPMENT COMPANIES - 8.51%
	149,198	Bain Capital Specialty Finance, Inc.	$	1,809,772
	158,918	Barings BDC, Inc.		1,462,046
	416,279	Oaktree Specialty Lending Corp.		2,318,674
	92,563	Owl Rock Capital Corp.		1,171,847
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $6,337,415)				6,762,339
COMMON STOCKS - 1.35%
	13,110	Agba Acquisition, Ltd.(a)		138,179
	6,580	Amplitude Healthcare Acquisition Corp.(a)		65,866
	29,943	Churchill Capital Corp. II(a)		309,910
	25,000	Churchill Capital Corp. IV(a)		250,250
	9,077	Greenvision Acquisition Corp.(a)		93,584
	10,614	LIV Capital Acquisition Corp.(a)		107,391
	10,753	Merida Merger Corp. I(a)		109,681
TOTAL COMMON STOCKS
(Cost $1,014,770)				1,074,861
EXCHANGE TRADED FUNDS - 1.01%
	37,953	Invesco FTSE RAFI Emerging Markets Portfolio		803,086
TOTAL EXCHANGE TRADED FUNDS
(Cost $682,208)				803,086
PREFERRED STOCKS - 0.92%
	28,881	First Eagle Alternative Capital BDC, Inc., 6.750%, 12/30/2022		729,719
TOTAL PREFERRED STOCKS
(Cost $691,552)				729,719

Shares/Description			Rate			Maturity		Value
BUSINESS DEVELOPMENT COMPANY NOTES - 4.21%
United States - 4.21%
	4,420	Monroe Capital Corp.		5.75	%		10/31/2023		111,384
	58,263	MVC Capital, Inc.		6.25	%		11/30/2022		1,476,029
	21,578	PennantPark Investment Corp.		5.50	%		10/15/2024		543,118
	32,100	Portman Ridge Finance Corp.		6.13	%		09/30/2022		805,389
	16,289	TriplePoint Venture Growth BDC Corp.		5.75	%		07/15/2022		410,646
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $3,233,332)									3,346,566

Principal Amount/Description			Rate			Maturity		Value
CONVERTIBLE CORPORATE BONDS - 3.05%
$	848,323	BlackRock Capital Investment Corp.		5.00	%		06/15/2022		841,873
	190,456	BlackRock TCP Capital Corp.		4.63	%		03/01/2022		191,432
	500,000	Hercules Capital, Inc.		4.38	%		02/01/2022		514,632
	852,978	New Mountain Finance Corp.		5.75	%		08/15/2023		879,633
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $2,134,149)									2,427,570

Shares/Description			Value
Rights - 0.07%(a)
	13,110	Agba Acquisition, Ltd., Strike Price 11.50, Expires 12/31/2049		4,483

Shares/Description			Value
	35,274	Big Rock Partners Acquisition Corp., Strike Price 11.50, Expires 12/31/2049	$	45,856
	9,077	Greenvision Acquisition Corp., Strike Price 11.50, Expires 10/28/2024		4,085
TOTAL RIGHTS
(Cost $17,962)				54,424
Warrants - 0.18%(a)
	13,110	Agba Acquisition, Ltd., Strike Price 11.50, Expires 05/10/2024		6,554
	3,290	Amplitude Healthcare Acquisition Corp., Strike Price 11.50, Expires 12/01/2026		4,770
	17,648	Brooge Energy, Ltd., Strike Price 11.50, Expires 07/14/2023		10,942
	9,981	Churchill Capital Corp. II, Strike Price 11.50, Expires 07/24/2024		19,663
	5,000	Churchill Capital Corp. IV, Strike Price 11.50, Expires 09/18/2025		7,600
	1,323	CIIG Merger Corp., Strike Price 11.50, Expires 12/31/2026		10,849
	9,037	Greenvision Acquisition Corp., Strike Price 11.50, Expires 10/28/2024		6,597
	75,837	Hall of Fame Resort & Entertainment Co., Strike Price 11.50, Expires 07/01/2025		19,687
	20,922	Leisure Acquisition Corp., Strike Price 11.50, Expires 12/28/2022		16,528
	12,752	LF Capital Acquisition Corp., Strike Price 11.50, Expires 06/28/2023		24,739
	10,614	LIV Capital Acquisition Corp., Strike Price 11.50, Expires 01/10/2025		7,430
	5,376	Merida Merger Corp. I, Strike Price 11.50, Expires 11/07/2026		5,376
TOTAL WARRANTS
(Cost $112,915)				140,735
SHORT-TERM INVESTMENTS - 11.30%
Money Market Fund - 11.30%
	8,987,704	State Street Institutional Trust (7 Day Yield 0.01%)		8,987,704
TOTAL SHORT-TERM INVESTMENTS
(Cost $8,987,704)				8,987,704
TOTAL INVESTMENTS - 104.92%
(Cost $78,379,543)			$	83,413,748
LIABILITIES IN EXCESS OF OTHER ASSETS - (4.92)%				(3,914,525	)
NET ASSETS - 100.00%			$	79,499,223

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

RiverNorth/DoubleLine Strategic Income Fund

SCHEDULE OF INVESTMENTS

December 31, 2020 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 18.09%
	367,156	Advent Convertible and Income Fund	$	6,065,417
	1,547,414	AllianceBernstein Global High Income Fund, Inc.		18,213,063
	398,648	Ares Dynamic Credit Allocation Fund, Inc.		5,696,680
	1,314,569	BlackRock Debt Strategies Fund, Inc.		13,737,246
	846,028	BlackRock Floating Rate Income Strategies Fund, Inc.		10,245,399
	334,677	BlackRock Multi-Sector Income Trust		5,870,235
	1,024,806	Blackstone / GSO Strategic Credit Fund		12,789,579
	782,211	BNY Mellon High Yield Strategic Fund		2,346,633
	1,133,488	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		14,157,265
	87,288	Eaton Vance Floating-Rate 2022 Target Term Trust		775,990
	2,537,182	Eaton Vance, Ltd. Duration Income Fund		31,790,890
	716,639	First Trust High Income Long/Short Fund		10,584,758
	1,048,094	First Trust Senior Floating Rate 2022 Target Term Fund		9,422,365
	1,306,231	Invesco Dynamic Credit Opportunities Fund		14,028,921
	2,656,480	Invesco Senior Income Trust		10,572,790
	1,335,239	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		8,398,653
	156,776	Nuveen AMT-Free Quality Municipal Income Fund		2,367,318
	3,201,810	Nuveen Credit Strategies Income Fund		20,267,457
	291,528	Nuveen Floating Rate Income Opportunity Fund		2,524,632
	639,958	Nuveen Global High Income Fund		9,951,347
	181,993	Nuveen High Income November 2021 Target Term Fund		1,674,336
	889,774	Nuveen Quality Municipal Income Fund		13,675,826
	892,908	PGIM Global High Yield Fund, Inc.		12,973,953
	706,918	PGIM High Yield Bond Fund, Inc.		10,603,770
	566,032	Templeton Emerging Markets Income Fund		4,398,069
	931,982	Western Asset Emerging Markets Debt Fund, Inc.		12,954,550
	3,132,142	Western Asset High Income Opportunity Fund, Inc.		15,504,103
	75,542	Western Asset High Yield Defined Opportunity Fund, Inc.		1,164,858
	3,719,941	Western Asset Inflation-Linked Opportunities & Income Fund		46,164,468
TOTAL CLOSED-END FUNDS
(Cost $308,406,561)				328,920,571
BUSINESS DEVELOPMENT COMPANIES - 1.05%
	450,876	Barings BDC, Inc.		4,148,059
	1,185,187	Owl Rock Capital Corp.		15,004,468
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $19,800,084)				19,152,527
COMMON STOCKS - 0.00%(a)
	12,164	Frontera Energy Corp.		31,383
	31,580	McDermott International, Ltd.(b)		25,580
TOTAL COMMON STOCKS
(Cost $1,193,381)				56,963
OPEN-END FUNDS - 1.74%
	3,347,059	RiverNorth/Oaktree High Income Fund, Class I(c)		31,648,113
TOTAL OPEN-END FUNDS
(Cost $32,559,612)				31,648,113

Shares/Description			Value
PREFERRED STOCKS - 1.92%
	331,750	Allianzgi Convertible & Income Fund, Series A, 5.625%(d)	$	8,807,962
	243,698	First Eagle Alternative Capital BDC, Inc., 6.750%, 12/30/2022		6,157,371
	241,858	First Eagle Alternative Capital BDC, Inc., 6.125%, 10/30/2023		6,139,372
	305,377	Hercules Capital, Inc., 5.250%, 04/30/2025		7,787,114
	186,237	New Mountain Finance Corp., 5.750%, 10/01/2023		4,709,896
	49,593	Oxford Square Capital Corp., 6.250%, 04/30/2026		1,247,264
TOTAL PREFERRED STOCKS
(Cost $33,105,469)				34,848,979

Shares/Description			Rate			Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 1.70%
United States - 1.70%
	32,751	Monroe Capital Corp.		5.75	%	10/31/2023		825,325
	357,674	MVC Capital, Inc.		6.25	%	11/30/2022		9,061,279
	32,069	Oxford Square Capital Corp.		6.50	%	03/30/2024		801,404
	233,620	PennantPark Investment Corp.		5.50	%	10/15/2024		5,880,216
	340,018	Portman Ridge Finance Corp.		6.13	%	09/30/2022		8,531,052
	232,897	TriplePoint Venture Growth BDC Corp.		5.75	%	07/15/2022		5,871,333
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $30,449,031)								30,970,609

Principal Amount/Description			Rate			Maturity		Value
FOREIGN CORPORATE BONDS - 4.94%
Argentina - 0.08%
$	150,000	AES Argentina Generacion SA(e)		7.75	%		02/02/2024	$	123,376
	600,000	Banco Macro SA(e)(f)		6.75	%		11/04/2026		520,506
	150,000	Capex SA(e)		6.88	%		05/15/2024		132,002
	150,000	Pampa Energia SA(g)		9.13	%		04/15/2029		132,750
	450,000	Pampa Energia SA(e)		9.13	%		04/15/2029		398,250
	575,629	Stoneway Capital Corp.(e)(h)		10.00	%		03/01/2027		236,008
									1,542,892
Australia - 0.19%
	1,000,000	APT Pipelines, Ltd.(g)		4.25	%		07/15/2027		1,137,384
	475,000	Commonwealth Bank of Australia(g)		4.32	%		01/10/2048		606,582
	530,000	Macquarie Group, Ltd.(f)(g)		3M US L + 1.33	%		03/27/2024		569,857
	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)		3.38	%		04/30/2025		539,917
	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)		3.63	%		04/28/2026		549,437
									3,403,177
Bermuda - 0.02%
	400,000	Ooredoo International Finance, Ltd.(e)		3.25	%		02/21/2023		419,000
Brazil - 0.19%
	400,000	Banco do Brasil SA(d)(e)(f)		6.25	%		Perpetual Maturity		410,600
	200,000	CSN Inova Ventures(g)		6.75	%		01/28/2028		216,800
	1,050,000	CSN Islands XII Corp.(d)(e)		7.00	%		Perpetual Maturity		1,043,096
	200,000	Globo Comunicacao e Participacoes SA(g)		4.88	%		01/22/2030		214,002
	950,000	Oi SA(i)		10.00%    (4.00	%)		07/27/2025		1,011,760

Principal Amount/Description			Rate			Maturity		Value
$	550,000	Unigel Luxembourg SA(e)		8.75	%		10/01/2026	$	594,005
									3,490,263
British Virgin Islands - 0.06%
	400,000	C10 Capital SPV, Ltd.(d)(e)(f)		3M US L + 4.71	%		Perpetual Maturity		378,000
	200,000	C5 Capital SPV, Ltd.(d)(e)(f)		3M US L + 4.28	%		Perpetual Maturity		175,000
	200,000	State Grid Overseas Investment 2013, Ltd.(e)		3.13	%		05/22/2023		210,410
	200,000	State Grid Overseas Investment 2016, Ltd.		1.00	%		08/05/2025		198,631
	200,000	State Grid Overseas Investment 2016, Ltd.(e)		3.75	%		05/02/2023		213,370
									1,175,411
Canada - 0.40%
	405,000	Bank of Montreal(f)		3.80	%		12/15/2032		459,206
	355,000	Bank of Nova Scotia		1.63	%		05/01/2023		365,318
	150,000	Bank of Nova Scotia		3.40	%		02/11/2024		163,304
	140,000	Bombardier, Inc.(g)		6.00	%		10/15/2022		137,781
	300,000	Canacol Energy, Ltd.(e)		7.25	%		05/03/2025		321,941
	270,000	CCL Industries, Inc.(g)		3.05	%		06/01/2030		294,881
	85,000	Cenovus Energy, Inc.		5.38	%		07/15/2025		95,889
	670,000	Garda World Security Corp.(g)		8.75	%		05/15/2025		698,887
	130,000	GFL Environmental, Inc.(g)		3.75	%		08/01/2025		132,844
	200,000	GFL Environmental, Inc.(g)		4.00	%		08/01/2028		201,875
	220,000	GFL Environmental, Inc.(g)		3.50	%		09/01/2028		224,721
	600,000	Gran Tierra Energy, Inc.(g)		7.75	%		05/23/2027		414,006
	175,000	Kronos Acquisition Holdings, Inc.(g)		9.00	%		08/15/2023		179,331
	40,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.(g)		5.00	%		12/31/2026		41,800
	295,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.(g)		7.00	%		12/31/2027		309,424
	205,000	Mattamy Group Corp.(g)		4.63	%		03/01/2030		217,653
	160,000	MEG Energy Corp.(g)		7.13	%		02/01/2027		165,600
	400,000	MEGlobal Canada ULC(g)		5.00	%		05/18/2025		451,068
	470,000	Nutrien, Ltd.		4.20	%		04/01/2029		562,119
	185,000	Parkland Corp.(g)		5.88	%		07/15/2027		200,400
	55,000	Telesat Canada / Telesat LLC(g)		6.50	%		10/15/2027		57,552
	620,000	Tervita Corp.(g)		11.00	%		12/01/2025		669,172
	750,000	TransCanada PipeLines, Ltd.		4.25	%		05/15/2028		886,046
									7,250,818
Cayman Islands - 0.35%
	600,000	Banco BTG Pactual SA(e)(f)		7.75	%		02/15/2029		656,625
	200,000	Banco Mercantil del Norte SA/Grand Cayman(d)(f)(g)		7.50	%		Perpetual Maturity		226,250
	950,000	Banco Mercantil del Norte SA/Grand Cayman(d)(e)(f)		7.63	%		Perpetual Maturity		1,079,447
	300,000	Banco Mercantil del Norte SA/Grand Cayman(d)(e)(f)		10Y US TI + 5.47	%		Perpetual Maturity		339,375
	1,000,000	CK Hutchison Capital Securities 17, Ltd.(d)(e)(f)		4.00	%		Perpetual Maturity		1,023,760
	160,618	Global Aircraft Leasing Co., Ltd.(g)(i)		6.50%    (7.25	%)		09/15/2024		143,753
	624,000	Gran Tierra Energy International Holdings, Ltd.(e)		6.25	%		02/15/2025		425,886
	687,045	Interoceanica IV Finance, Ltd.(e)(j)		0.00	%		11/30/2025		657,416
	700,000	Itau Unibanco Holding SA Island(d)(f)(g)		4.63	%		Perpetual Maturity		687,757
	200,000	Latam Finance, Ltd.(g)(h)		7.00	%		03/01/2026		101,350

Principal Amount/Description			Rate			Maturity	Value
$	200,000	Latam Finance, Ltd.(e)(h)		6.88	%	04/11/2024	$	102,500
	900,000	Latam Finance, Ltd.(e)(h)		7.00	%	03/01/2026		456,075
	157,806	Lima Metro Line 2 Finance, Ltd.(g)		5.88	%	07/05/2034		190,916
	210,000	Transocean Poseidon, Ltd.(g)		6.88	%	02/01/2027		191,625
								6,282,735
Chile - 0.34%
	600,000	AES Gener SA(f)(g)		6.35	%	10/07/2079		660,750
	200,000	AES Gener SA(e)(f)		7.13	%	03/26/2079		222,500
	400,000	AES Gener SA(e)(f)		6.35	%	10/07/2079		440,500
	900,000	Empresa de Transporte de Pasajeros Metro SA(g)		5.00	%	01/25/2047		1,151,365
	180,560	Empresa Electrica Cochrane SpA(e)		5.50	%	05/14/2027		190,829
	1,000,000	Empresa Electrica Guacolda SA(e)		4.56	%	04/30/2025		902,550
	1,200,000	Geopark, Ltd.(e)		6.50	%	09/21/2024		1,248,000
	450,000	GNL Quintero SA(e)		4.63	%	07/31/2029		501,975
	750,000	Transelec SA(e)		3.88	%	01/12/2029		848,303
								6,166,772
China - 0.33%
	200,000	Agile Group Holdings, Ltd.(d)(f)		6.88	%	Perpetual Maturity		206,007
	300,000	Agile Group Holdings, Ltd.(d)(f)		7.88	%	Perpetual Maturity		317,343
	295,000	Agile Group Holdings, Ltd.(d)(f)		7.75	%	Perpetual Maturity		309,013
	200,000	Baidu, Inc.		3.43	%	04/07/2030		221,716
	200,000	Central China Real Estate, Ltd.		7.25	%	04/24/2023		205,375
	700,000	Central China Real Estate, Ltd.		7.25	%	07/16/2024		707,010
	750,000	CIFI Holdings Group Co., Ltd.(d)(f)		5.38	%	Perpetual Maturity		763,140
	200,000	ENN Energy Holdings, Ltd.		3.25	%	07/24/2022		205,674
	400,000	JD.com, Inc.		3.38	%	01/14/2030		435,269
	400,000	Ronshine China Holdings, Ltd.		7.35	%	12/15/2023		408,001
	600,000	Ronshine China Holdings, Ltd.		6.75	%	08/05/2024		601,500
	500,000	Tencent Holdings, Ltd.(g)		2.39	%	06/03/2030		513,225
	350,000	Yuzhou Group Holdings Co., Ltd.		8.30	%	05/27/2025		380,844
	600,000	Yuzhou Group Holdings Co., Ltd.		7.38	%	01/13/2026		645,749
								5,919,866
Colombia - 0.13%
	250,000	Banco GNB Sudameris SA(e)(f)		5Y US TI + 4.561	%	04/03/2027		254,640
	350,000	Credivalores-Crediservicios SAS(g)		8.88	%	02/07/2025		263,375
	200,000	Credivalores-Crediservicios SAS(e)		9.75	%	07/27/2022		160,705
	400,000	Credivalores-Crediservicios SAS(e)		8.88	%	02/07/2025		301,000
	150,000	Gilex Holding Sarl(g)		8.50	%	05/02/2023		156,658
	750,000	Gilex Holding Sarl(e)		8.50	%	05/02/2023		783,289
	400,000	Tecnoglass, Inc.(e)		8.20	%	01/31/2022		418,410
								2,338,077
Dominican Republic - 0.05%
	600,000	Aeropuertos Dominicanos Siglo XXI SA(e)		6.75	%	03/30/2029		624,636
	300,000	Banco de Reservas de la Republica Dominicana(g)		7.00	%	02/01/2023		314,250
								938,886
France - 0.03%
	525,000	BNP Paribas SA(f)(g)		1D US SOFR + 1.507	%	01/13/2031		573,274

Principal Amount/Description			Rate			Maturity	Value
Great Britain - 0.22%
$	510,000	Anglo American Capital PLC(g)		4.50	%	03/15/2028	$	599,344
	565,000	Barclays PLC(f)		3M US L + 1.38	%	05/16/2024		572,749
	510,000	Credit Agricole SA/London(g)		3.75	%	04/24/2023		547,807
	730,000	HSBC Holdings PLC(f)		3M US L + 1.38	%	09/12/2026		742,385
	350,000	Imperial Brands Finance PLC(g)		3.50	%	07/26/2026		387,885
	530,000	Lloyds Banking Group PLC(f)		3M US L + 1.21	%	11/07/2028		598,621
	450,000	Vedanta Resources Finance II PLC(g)		9.25	%	04/23/2026		342,000
	200,000	Vedanta Resources Finance II PLC(e)		9.25	%	04/23/2026		152,000
								3,942,791
Guatemala - 0.02%
	300,000	Energuate Trust(e)		5.88	%	05/03/2027		318,075
Hong Kong - 0.11%
	1,000,000	Bangkok Bank PCL(d)(f)(g)		5Y US TI + 4.729	%	Perpetual Maturity		1,048,050
	600,000	RKP Overseas Finance, Ltd.(d)		7.95	%	Perpetual Maturity		600,956
	400,000	RKPF Overseas, Ltd.(d)(f)		7.75	%	Perpetual Maturity		400,200
								2,049,206
India - 0.13%
	200,000	Adani Ports & Special Economic Zone, Ltd.(e)		3.95	%	01/19/2022		204,693
	200,000	Indian Oil Corp., Ltd.		5.75	%	08/01/2023		220,792
	650,000	Network i2i, Ltd.(d)(f)(g)		5.65	%	Perpetual Maturity		692,575
	650,000	Reliance Industries, Ltd.(e)		5.40	%	02/14/2022		680,909
	800,000	Vedanta Resources, Ltd.(e)		6.13	%	08/09/2024		578,000
								2,376,969
Indonesia - 0.15%
	1,000,000	Bayan Resources Tbk PT(e)		6.13	%	01/24/2023		1,028,073
	1,000,000	Perusahaan Perseroan Persero PT Perusahaan Listrik Negara(e)		5.50	%	11/22/2021		1,045,625
	589,550	Star Energy Geothermal Wayang Windu, Ltd.(e)		6.75	%	04/24/2033		668,511
								2,742,209
Ireland - 0.14%
	760,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust		3.50	%	01/15/2025		807,244
	475,000	Avolon Holdings Funding, Ltd.(g)		3.25	%	02/15/2027		485,775
	600,000	C&W Senior Financing DAC(e)		6.88	%	09/15/2027		648,822
	640,000	Shire Acquisitions Investments Ireland DAC		2.88	%	09/23/2023		678,966
								2,620,807
Israel - 0.08%
	100,000	Delek & Avner Tamar Bond, Ltd.(g)		5.08	%	12/30/2023		104,063
	100,000	Delek & Avner Tamar Bond, Ltd.(g)		5.41	%	12/30/2025		105,178
	1,100,000	Israel Electric Corp., Ltd.(g)		5.00	%	11/12/2024		1,245,425
								1,454,666
Jamaica - 0.00%(a)
	62,804	Digicel Group 0.5, Ltd.(g)(i)		8.00%    (8.00	%)	04/01/2025		32,972
Japan - 0.09%
	570,000	Mitsubishi UFJ Financial Group, Inc.		1.41	%	07/17/2025		586,100

Principal Amount/Description			Rate			Maturity		Value
$	975,000	Sumitomo Mitsui Financial Group, Inc.(f)		3M US L + 0.74	%		01/17/2023	$	981,985
									1,568,085
Luxembourg - 0.09%
	400,000	FS Luxembourg Sarl(g)		10.00	%		12/15/2025		433,700
	300,000	Millicom International Cellular SA(g)		4.50	%		04/27/2031		324,375
	550,000	Millicom International Cellular SA(e)		6.25	%		03/25/2029		620,023
	200,000	Puma International Financing SA(e)		5.00	%		01/24/2026		194,000
	140,000	Schlumberger Investment SA		2.65	%		06/26/2030		149,972
									1,722,070
Malaysia - 0.05%
	200,000	CIMB Bank Bhd(f)		3M US L + 0.78	%		10/09/2024		199,757
	400,000	Malayan Banking Bhd(f)		3.91	%		10/29/2026		408,342
	200,000	TNB Global Ventures Capital Bhd		3.24	%		10/19/2026		217,041
									825,140
Mauritius - 0.05%
	900,000	UPL Corp., Ltd.(d)(f)		5.25	%		Perpetual Maturity		890,865
Mexico - 0.44%
	700,000	Alpha Holding SA de CV(g)		9.00	%		02/10/2025		516,950
	200,000	Alpha Holding SA de CV(e)		9.00	%		02/10/2025		147,700
	500,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand(d)(f)		8.50	%		Perpetual Maturity		528,750
	650,000	BBVA Bancomer SA(e)(f)		5.13	%		01/18/2033		701,350
	350,000	Braskem Idesa SAPI(g)		7.45	%		11/15/2029		329,000
	300,000	Braskem Idesa SAPI(e)		7.45	%		11/15/2029		282,000
	500,000	Credito Real SAB de CV SOFOM ER(e)		9.50	%		02/07/2026		543,755
	1,200,000	Credito Real SAB de CV SOFOM ER(d)(e)(f)		9.13	%		Perpetual Maturity		1,161,012
	296,568	Fermaca Enterprises S RL		6.38	%		03/30/2038		345,947
	800,000	Mexarrend SAPI de CV(g)		10.25	%		07/24/2024		731,008
	200,000	Mexarrend SAPI de CV(e)		10.25	%		07/24/2024		182,752
	750,000	Operadora de Servicios Mega SA de CV Sofom ER(g)		8.25	%		02/11/2025		783,281
	600,000	TV Azteca SAB de CV		8.25	%		08/09/2024		339,687
	200,000	Unifin Financiera SAB de CV(e)		7.38	%		02/12/2026		192,000
	200,000	Unifin Financiera SAB de CV(e)		8.38	%		01/27/2028		193,500
	1,400,000	Unifin Financiera SAB de CV(d)(e)(f)		8.88	%		Perpetual Maturity		1,074,514
									8,053,206
Netherlands - 0.30%
	400,000	AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad It(g)		7.95	%		05/11/2026		414,500
	945,000	AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad It(e)		7.95	%		05/11/2026		979,256
	200,000	Ajecorp BV(e)		6.50	%		05/14/2022		199,902
	300,000	Braskem Netherlands Finance BV(f)(g)		5Y US TI + 8.22	%		01/23/2081		334,353
	950,000	Braskem Netherlands Finance BV(e)		5.88	%		01/31/2050		983,972
	800,000	Metinvest BV(e)		7.75	%		10/17/2029		878,848
	200,000	Minejesa Capital BV(e)		4.63	%		08/10/2030		216,012
	200,000	Minejesa Capital BV(e)		5.63	%		08/10/2037		220,359
	235,000	NXP BV / NXP Funding LLC / NXP USA, Inc.(g)		3.88	%		06/18/2026		269,419

Principal Amount/Description			Rate			Maturity		Value
$	600,000	Petrobras Global Finance BV		6.90	%		03/19/2049	$	762,000
	200,000	Syngenta Finance NV		4.38	%		03/28/2042		199,853
									5,458,474
New Zealand - 0.03%
	520,000	Bank of New Zealand(g)		3.50	%		02/20/2024		565,472
Panama - 0.07%
	200,000	AES Panama Generation Holdings SRL(g)		4.38	%		05/31/2030		216,630
	150,000	Banco de Credito del Peru/Panama(e)(f)		7.043% - 3M US L			04/24/2027		159,189
	200,000	Multibank, Inc.(e)		4.38	%		11/09/2022		206,905
	600,000	UEP Penonome II SA(g)		6.50	%		10/01/2038		626,562
									1,209,286
Peru - 0.17%
	100,000	Banco BBVA Peru SA(e)		5.00	%		08/26/2022		106,765
	200,000	Banco de Credito del Peru(f)(g)		3.13	%		07/01/2030		205,002
	300,000	Banco Internacional del Peru SAA Interbank(e)(f)		1Y US TI + 3.711	%		07/08/2030		311,250
	300,000	Camposol SA(g)		6.00	%		02/03/2027		317,460
	750,000	Hunt Oil Co. of Peru LLC Sucursal Del Peru(e)		6.38	%		06/01/2028		832,875
	1,450,000	Peru LNG Srl(e)		5.38	%		03/22/2030		1,295,575
									3,068,927
Philippines - 0.06%
	600,000	BDO Unibank, Inc.		2.95	%		03/06/2023		624,304
	400,000	Union Bank of the Philippines		3.37	%		11/29/2022		418,180
									1,042,484
Saudi Arabia - 0.01%
	200,000	Saudi Arabian Oil Co.(g)		1.63	%		11/24/2025		205,042
Singapore - 0.38%
	715,000	BOC Aviation, Ltd.(f)(g)		3M US L + 1.13	%		09/26/2023		710,177
	800,000	DBS Group Holdings, Ltd.(d)(f)		3.60	%		Perpetual Maturity		810,875
	800,000	Indika Energy Capital III Pte, Ltd.(e)		5.88	%		11/09/2024		824,000
	400,000	Medco Bell Pte, Ltd.(g)		6.38	%		01/30/2027		410,200
	250,000	Medco Bell Pte, Ltd.(e)		6.38	%		01/30/2027		256,375
	600,000	Medco Oak Tree Pte, Ltd.(e)		7.38	%		05/14/2026		646,547
	400,000	ONGC Videsh Vankorneft Pte, Ltd.		2.88	%		01/27/2022		405,679
	200,000	ONGC Videsh Vankorneft Pte, Ltd.		3.75	%		07/27/2026		217,108
	700,000	Oversea-Chinese Banking Corp., Ltd.(f)(g)		5Y US TI + 1.58	%		09/10/2030		711,645
	200,000	PSA Treasury Pte, Ltd.		2.13	%		09/05/2029		210,629
	400,000	TBLA International Pte, Ltd.		7.00	%		01/24/2023		404,980
	350,000	Temasek Financial I, Ltd.(g)		1.00	%		10/06/2030		342,381
	400,000	United Overseas Bank, Ltd.(f)		2.88	%		03/08/2027		408,098
	500,000	United Overseas Bank, Ltd.(d)(f)		3.88	%		Perpetual Maturity		520,625
									6,879,319
South Korea - 0.05%
	200,000	Korea East-West Power Co., Ltd.(g)		1.75	%		05/06/2025		209,114
	200,000	NongHyup Bank(g)		1.25	%		07/20/2025		203,934
	200,000	POSCO(e)		2.38	%		11/12/2022		205,816
	200,000	POSCO(e)		2.38	%		01/17/2023		206,320
									825,184

Principal Amount/Description			Rate			Maturity		Value
Spain - 0.03%
$	600,000	Banco Santander SA(f)		3M US L + 1.09	%		02/23/2023	$	606,640
Switzerland - 0.07%
	500,000	Credit Suisse Group AG(f)(g)		3M US L + 1.24	%		06/12/2024		507,287
	650,000	Walnut Bidco PLC(e)		9.13	%		08/01/2024		690,047
									1,197,334
Thailand - 0.02%
	200,000	PTTEP Treasury Center Co., Ltd.(g)		2.59	%		06/10/2027		209,223
	200,000	TMB Bank PCL(d)(f)		5Y US TI + 3.256	%		Perpetual Maturity		195,500
									404,723
Trinidad and Tobago - 0.01%
	200,000	Telecommunications Services of Trinidad & Tobago, Ltd.(e)		8.88	%		10/18/2029		205,500
TOTAL FOREIGN CORPORATE BONDS
(Cost $85,547,706)									89,766,617
U.S. CORPORATE BONDS - 6.08%
Advertising - 0.03%
	460,000	Interpublic Group of Cos., Inc.		5.40	%		10/01/2048		630,813
Aerospace/Defense - 0.18%
	350,000	Boeing Co.		2.95	%		02/01/2030		362,331
	405,000	Lockheed Martin Corp.		4.70	%		05/15/2046		570,884
	350,000	Northrop Grumman Corp.		5.15	%		05/01/2040		484,744
	30,000	TransDigm, Inc.(g)		8.00	%		12/15/2025		33,228
	220,000	TransDigm, Inc.(g)		6.25	%		03/15/2026		234,576
	75,000	TransDigm, Inc.		6.38	%		06/15/2026		77,766
	135,000	TransDigm, Inc.		5.50	%		11/15/2027		142,128
	1,115,000	Triumph Group, Inc.(g)		6.25	%		09/15/2024		1,108,031
	370,000	Triumph Group, Inc.		7.75	%		08/15/2025		339,475
									3,353,163
Agriculture - 0.10%
	570,000	Altria Group, Inc.		4.80	%		02/14/2029		683,954
	820,000	BAT Capital Corp.		3.46	%		09/06/2029		895,650
	321,693	Pyxus Holdings, Inc.		10.00	%		08/24/2024		264,592
									1,844,196
Airlines - 0.28%
	60,000	Delta Air Lines, Inc. / SkyMiles IP, Ltd.(g)		4.75	%		10/20/2028		65,539
	2,833,016	JetBlue 2019-1 Class B Pass Through Trust		8.00	%		11/15/2027		3,042,991
	150,000	Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets, Ltd.(g)		6.50	%		06/20/2027		161,531
	305,000	Southwest Airlines Co.		4.75	%		05/04/2023		331,591
	1,620,981	US Airways 2012-2 Class B Pass Through Trust		6.75	%		06/03/2021		1,580,473
									5,182,125
Apparel - 0.02%
	310,000	William Carter Co.(g)		5.50	%		05/15/2025		329,797
Auto Manufacturers - 0.13%
	100,000	Allison Transmission, Inc.(g)		3.75	%		01/30/2031		102,500
	110,000	Ford Motor Co.		9.00	%		04/22/2025		135,315
	200,000	Ford Motor Credit Co. LLC		4.39	%		01/08/2026		210,218
	865,000	General Motors Financial Co., Inc.(f)		3M US L + 0.99	%		01/05/2023		864,468

Principal Amount/Description			Rate			Maturity		Value
$	25,000	General Motors Financial Co., Inc.		3.95	%		04/13/2024	$	27,238
	560,000	Hyundai Capital America(g)		2.65	%		02/10/2025		594,311
	55,000	Hyundai Capital America(g)		1.80	%		10/15/2025		56,441
	355,000	Volkswagen Group of America Finance LLC(g)		4.25	%		11/13/2023		390,780
									2,381,271
Auto Parts & Equipment - 0.06%
	105,000	Clarios Global LP / Clarios US Finance Co.(g)		6.25	%		05/15/2026		112,744
	1,005,000	Dealer Tire LLC / DT Issuer LLC(g)		8.00	%		02/01/2028		1,061,355
									1,174,099
Banks - 0.23%
	525,000	Bank of America Corp.(f)		3M US L + 1.21	%		02/07/2030		618,507
	300,000	BBVA Bancomer SA(e)(f)		5.40	%		11/12/2029		320,250
	955,000	Citigroup, Inc.(f)		3M US L + 1.10%			05/17/2024		968,311
	720,000	Goldman Sachs Group, Inc.(f)		3M US L + 1.17%			05/15/2026		734,404
	350,000	JPMorgan Chase & Co.(f)		1D US SOFR + 2.04	%		04/22/2031		376,463
	500,000	Morgan Stanley(f)		3M US L + 1.34	%		07/22/2028		571,129
	245,000	Wells Fargo & Co.(f)		3M US L + 1.17	%		06/17/2027		271,765
	265,000	Wells Fargo & Co.(f)		3M US L + 1.17	%		10/30/2030		289,188
									4,150,017
Beverages - 0.07%
	550,000	Anheuser-Busch InBev Worldwide, Inc.		4.60	%		04/15/2048		696,001
	250,000	Constellation Brands, Inc.		3.15	%		08/01/2029		278,790
	35,000	Constellation Brands, Inc.		2.88	%		05/01/2030		38,409
	200,000	Keurig Dr Pepper, Inc.		3.80	%		05/01/2050		239,998
									1,253,198
Biotechnology - 0.02%
	325,000	Royalty Pharma PLC(g)		3.30	%		09/02/2040		342,225
Building Materials - 0.06%
	180,000	Builders FirstSource, Inc.(g)		6.75	%		06/01/2027		195,473
	360,000	Carrier Global Corp.		3.38	%		04/05/2040		393,607
	130,000	Griffon Corp.		5.75	%		03/01/2028		137,695
	275,000	Owens Corning		4.40	%		01/30/2048		331,742
									1,058,517
Chemicals - 0.12%
	215,000	DuPont de Nemours, Inc.		5.42	%		11/15/2048		312,442
	780,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.(g)		9.00	%		07/01/2028		858,975
	65,000	Ingevity Corp.(g)		3.88	%		11/01/2028		65,609
	700,000	Sasol Financing USA LLC		5.88	%		03/27/2024		745,675
	200,000	Sasol Financing USA LLC		6.50	%		09/27/2028		217,600
									2,200,301
Coal - 0.01%
	110,000	Peabody Energy Corp.(g)		6.00	%		03/31/2022		80,506
	160,000	SunCoke Energy Partners LP / SunCoke Energy Partners Finance Corp.(g)		7.50	%		06/15/2025		159,132
									239,638
Commercial Services - 0.07%
	90,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)		6.63	%		07/15/2026		96,079
	175,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)		9.75	%		07/15/2027		191,054

Principal Amount/Description			Rate			Maturity		Value
$	80,000	Jaguar Holding Co. II / PPD Development LP(g)		5.00	%		06/15/2028	$	85,500
	180,000	MPH Acquisition Holdings LLC(g)		5.75	%		11/01/2028		176,175
	150,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(g)		3.38	%		08/31/2027		149,063
	335,000	Sabre GLBL, Inc.(g)		7.38	%		09/01/2025		363,978
	197,000	Verscend Escrow Corp.(g)		9.75	%		08/15/2026		213,868
									1,275,717
Computers - 0.17%
	545,000	Apple, Inc.		4.65	%		02/23/2046		774,727
	535,000	Austin BidCo, Inc.(g)		7.13	%		12/15/2028		559,409
	515,000	Dell International LLC / EMC Corp.(g)		6.10	%		07/15/2027		640,426
	780,000	Flexential Intermediate Corp.(g)		11.25	%		08/01/2024		817,538
	305,000	NetApp, Inc.		1.88	%		06/22/2025		318,783
									3,110,883
Distribution/Wholesale - 0.02%
	160,000	Performance Food Group, Inc.(g)		5.50	%		10/15/2027		169,093
	195,000	Wolverine Escrow LLC(g)		9.00	%		11/15/2026		184,943
									354,036
Diversified Financial Services - 0.24%
	563,000	Air Lease Corp.		3.75	%		02/01/2022		578,105
	220,000	Capital One Financial Corp.(f)		3M US L + 0.72	%		01/30/2023		221,121
	515,000	Charles Schwab Corp.		3.55	%		02/01/2024		563,568
	1,055,000	Discover Financial Services		4.10	%		02/09/2027		1,215,980
	105,000	Nationstar Mortgage Holdings, Inc.(g)		5.50	%		08/15/2028		110,709
	95,000	Navient Corp.		5.00	%		03/15/2027		95,962
	95,000	NFP Corp.(g)		6.88	%		08/15/2028		101,548
	165,000	OneMain Finance Corp.		6.63	%		01/15/2028		196,216
	150,000	PennyMac Financial Services, Inc.(g)		5.38	%		10/15/2025		158,813
	745,000	Synchrony Financial		3.95	%		12/01/2027		835,781
	235,000	Tempo Acquisition LLC / Tempo Acquisition Finance Corp.(g)		6.75	%		06/01/2025		243,178
									4,320,981
Electric - 0.48%
	210,000	Arizona Public Service Co.		3.35	%		05/15/2050		244,922
	155,000	Calpine Corp.(g)		5.13	%		03/15/2028		163,275
	35,000	Calpine Corp.(g)		4.63	%		02/01/2029		36,042
	360,000	Duke Energy Corp.		3.95	%		08/15/2047		438,204
	360,000	Duke Energy Progress LLC		4.15	%		12/01/2044		457,573
	175,000	Entergy Corp.		2.80	%		06/15/2030		189,202
	325,000	Eversource Energy		1.65	%		08/15/2030		324,209
	285,000	General Electric Co.		5.88	%		01/14/2038		386,504
	715,000	Georgia Power Co.		2.20	%		09/15/2024		753,527
	1,100,000	ITC Holdings Corp.		3.25	%		06/30/2026		1,225,414
	275,000	Monongahela Power Co.(g)		5.40	%		12/15/2043		372,945
	300,000	NextEra Energy Capital Holdings, Inc.		3.55	%		05/01/2027		341,926
	500,000	NextEra Energy Capital Holdings, Inc.		2.25	%		06/01/2030		524,570
	215,000	NRG Energy, Inc.(g)		2.00	%		12/02/2025		222,942
	215,000	NRG Energy, Inc.(g)		3.63	%		02/15/2031		221,595
	550,000	Oncor Electric Delivery Co. LLC		3.10	%		09/15/2049		632,832
	340,000	Pacific Gas and Electric Co.		2.50	%		02/01/2031		340,859
	65,000	PG&E Corp.		5.00	%		07/01/2028		69,311
	115,000	Pike Corp.(g)		5.50	%		09/01/2028		121,756
	445,000	PSEG Power LLC		3.85	%		06/01/2023		479,069

Principal Amount/Description			Rate			Maturity		Value
$	1,000,000	Virginia Electric and Power Co.		3.50	%		03/15/2027	$	1,142,856
									8,689,533
Electrical Components & Equipment - 0.01%
	175,000	Energizer Holdings, Inc.(g)		4.75	%		06/15/2028		184,415
Electronics - 0.05%
	265,000	Arrow Electronics, Inc.		3.88	%		01/12/2028		298,884
	650,000	Roper Technologies, Inc.		1.75	%		02/15/2031		647,699
									946,583
Engineering & Construction - 0.06%
	605,000	PowerTeam Services LLC(g)		9.03	%		12/04/2025		674,642
	400,000	SBA Tower Trust(g)		3.17	%		04/11/2022		403,570
									1,078,212
Entertainment - 0.09%
	200,000	Bally's Corp.(g)		6.75	%		06/01/2027		214,875
	160,000	Caesars Entertainment, Inc.(g)		6.25	%		07/01/2025		170,601
	150,000	Cedar Fair LP		5.25	%		07/15/2029		154,686
	210,000	Lions Gate Capital Holdings LLC(g)		6.38	%		02/01/2024		215,904
	150,000	Live Nation Entertainment, Inc.(g)		6.50	%		05/15/2027		167,970
	220,000	Live Nation Entertainment, Inc.(g)		4.75	%		10/15/2027		226,188
	135,000	Scientific Games International, Inc.(g)		7.25	%		11/15/2029		148,391
	305,000	Six Flags Theme Parks, Inc.(g)		7.00	%		07/01/2025		329,972
									1,628,587
Food - 0.19%
	100,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(g)		3.50	%		03/15/2029		101,150
	100,000	B&G Foods, Inc.		5.25	%		04/01/2025		103,350
	80,000	B&G Foods, Inc.		5.25	%		09/15/2027		85,131
	185,000	Campbell Soup Co.		2.38	%		04/24/2030		195,631
	25,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)		5.75	%		06/15/2025		25,875
	230,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)		6.75	%		02/15/2028		258,697
	75,000	Kraft Heinz Foods Co.		5.00	%		07/15/2035		90,950
	205,000	Kraft Heinz Foods Co.		5.20	%		07/15/2045		243,765
	275,000	Kroger Co.		3.40	%		04/15/2022		283,679
	210,000	Mondelez International, Inc.		1.50	%		05/04/2025		217,373
	335,000	Mondelez International, Inc.		1.88	%		10/15/2032		340,853
	130,000	Pilgrim's Pride Corp.(g)		5.88	%		09/30/2027		141,162
	180,000	Post Holdings, Inc.(g)		4.63	%		04/15/2030		189,578
	554,000	Smithfield Foods, Inc.(g)		4.25	%		02/01/2027		616,332
	495,000	Sysco Corp.		3.30	%		02/15/2050		519,086
	25,000	US Foods, Inc.(g)		6.25	%		04/15/2025		26,752
									3,439,364
Healthcare-Products - 0.04%
	145,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(g)		7.38	%		06/01/2025		154,697
	575,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(g)		7.25	%		02/01/2028		607,703
									762,400
Healthcare-Services - 0.19%
	265,000	Anthem, Inc.		2.38	%		01/15/2025		283,537
	85,000	Centene Corp.		3.00	%		10/15/2030		90,198
	300,000	CHS/Community Health Systems, Inc.(g)		6.00	%		01/15/2029		324,453
	270,000	HCA, Inc.		4.13	%		06/15/2029		313,407

Principal Amount/Description			Rate			Maturity		Value
$	85,000	Health Care Service Corp. A Mutual Legal Reserve Co.(g)		3.20	%		06/01/2050	$	92,037
	85,000	Legacy LifePoint Health LLC(g)		6.75	%		04/15/2025		91,486
	145,000	Legacy LifePoint Health LLC(g)		4.38	%		02/15/2027		147,537
	935,000	Radiology Partners, Inc.(g)		9.25	%		02/01/2028		1,054,493
	375,000	RP Escrow Issuer LLC(g)		5.25	%		12/15/2025		392,689
	155,000	Select Medical Corp.(g)		6.25	%		08/15/2026		167,161
	190,000	Tenet Healthcare Corp.(g)		6.13	%		10/01/2028		198,651
	205,000	West Street Merger Sub, Inc.(g)		6.38	%		09/01/2025		210,509
									3,366,158
Insurance - 0.17%
	130,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer(g)		6.75	%		10/15/2027		139,319
	620,000	Athene Global Funding(g)		3.00	%		07/01/2022		641,303
	200,000	Berkshire Hathaway Finance Corp.		2.85	%		10/15/2050		214,685
	785,000	Equitable Holdings, Inc.		3.90	%		04/20/2023		844,792
	160,000	GTCR AP Finance, Inc.(g)		8.00	%		05/15/2027		174,152
	340,000	Prudential Financial, Inc.		3.91	%		12/07/2047		409,226
	485,000	Willis North America, Inc.		4.50	%		09/15/2028		585,079
									3,008,556
Internet - 0.06%
	85,000	Arches Buyer, Inc.(g)		6.13	%		12/01/2028		87,939
	300,000	Expedia Group, Inc.		3.80	%		02/15/2028		322,483
	125,000	Uber Technologies, Inc.(g)		7.50	%		09/15/2027		137,656
	500,000	Uber Technologies, Inc.(g)		6.25	%		01/15/2028		544,375
									1,092,453
Investment Companies - 0.57%
	5,000,000	Business Development Corp. of America(g)		5.38	%		05/30/2023		4,934,567
	5,000,000	FS KKR Capital Corp.		4.75	%		05/15/2022		5,203,303
	180,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp.		5.25	%		05/15/2027		193,410
									10,331,280
Leisure Time - 0.03%
	50,000	Carnival Corp.(g)		11.50	%		04/01/2023		57,889
	135,000	Carnival Corp.(g)		7.63	%		03/01/2026		147,334
	55,000	Viking Cruises, Ltd.(g)		13.00	%		05/15/2025		65,828
	290,000	Viking Cruises, Ltd.(g)		5.88	%		09/15/2027		284,158
									555,209
Lodging - 0.03%
	205,000	Boyd Gaming Corp.		4.75	%		12/01/2027		213,366
	30,000	Hilton Domestic Operating Co., Inc.(g)		5.38	%		05/01/2025		31,905
	30,000	Hilton Domestic Operating Co., Inc.(g)		5.75	%		05/01/2028		32,681
	185,000	MGM Resorts International		6.75	%		05/01/2025		200,535
	100,000	Wyndham Hotels & Resorts, Inc.(g)		4.38	%		08/15/2028		104,093
									582,580
Manufactured Goods - 0.01%
	105,000	Gates Global LLC / Gates Corp.(g)		6.25	%		01/15/2026		110,425
Media - 0.14%
	105,000	Cengage Learning, Inc.(g)		9.50	%		06/15/2024		98,372
	485,000	Charter Communications Operating LLC / Charter Communications Operating Capital		4.91	%		07/23/2025		563,831
	200,000	Comcast Corp.		3.95	%		10/15/2025		229,876
	320,000	Comcast Corp.		3.40	%		04/01/2030		369,148

Principal Amount/Description			Rate			Maturity		Value
$	425,000	Comcast Corp.		1.50	%		02/15/2031	$	422,416
	70,000	Diamond Sports Group LLC / Diamond Sports Finance Co.(g)		5.38	%		08/15/2026		57,006
	130,000	GCI LLC(g)		4.75	%		10/15/2028		138,895
	245,000	Gray Television, Inc.(g)		7.00	%		05/15/2027		268,581
	35,000	iHeartCommunications, Inc.		8.38	%		05/01/2027		37,421
	90,000	Nexstar Broadcasting, Inc.(g)		5.63	%		07/15/2027		96,553
	110,000	Radiate Holdco LLC / Radiate Finance, Inc.(g)		4.50	%		09/15/2026		113,713
	60,000	Scripps Escrow II, Inc.(g)		3.88	%		01/15/2029		62,662
	130,000	Scripps Escrow, Inc.(g)		5.88	%		07/15/2027		135,974
									2,594,448
Mining - 0.04%
	195,000	Arconic Corp.(g)		6.13	%		02/15/2028		210,600
	300,000	Freeport-McMoRan, Inc.		5.45	%		03/15/2043		374,058
	80,000	Novelis Corp.(g)		4.75	%		01/30/2030		86,339
									670,997
Miscellaneous Manufactur - 0.02%
	195,000	General Electric Co.		6.88	%		01/10/2039		287,509
Oil & Gas - 0.32%
	50,000	Apache Corp.		4.63	%		11/15/2025		52,562
	95,000	Apache Corp.		4.38	%		10/15/2028		99,036
	440,000	Brooklyn Union Gas Co.(g)		4.49	%		03/04/2049		583,286
	390,000	East Ohio Gas Co.(g)		3.00	%		06/15/2050		425,284
	100,000	EQT Corp.		7.88	%		02/01/2025		114,014
	265,000	Exxon Mobil Corp.		2.61	%		10/15/2030		289,537
	250,000	Exxon Mobil Corp.		4.23	%		03/19/2040		311,378
	160,000	Halliburton Co.		2.92	%		03/01/2030		168,808
	140,000	Hilcorp Energy I LP / Hilcorp Finance Co.(g)		6.25	%		11/01/2028		143,634
	65,000	Indigo Natural Resources LLC(g)		6.88	%		02/15/2026		66,625
	800,000	Kosmos Energy, Ltd.(e)		7.13	%		04/04/2026		777,872
	490,000	Marathon Petroleum Corp.		5.13	%		12/15/2026		584,369
	175,000	NiSource, Inc.		3.60	%		05/01/2030		202,718
	75,000	Occidental Petroleum Corp.		8.00	%		07/15/2025		85,566
	110,000	Occidental Petroleum Corp.		3.50	%		08/15/2029		100,845
	80,000	Occidental Petroleum Corp.		6.63	%		09/01/2030		86,980
	130,000	Occidental Petroleum Corp.		6.13	%		01/01/2031		139,451
	145,000	Parsley Energy LLC / Parsley Finance Corp.(g)		5.63	%		10/15/2027		158,920
	265,000	PBF Holding Co. LLC / PBF Finance Corp.(g)		9.25	%		05/15/2025		260,263
	445,000	Pioneer Natural Resources Co.		1.90	%		08/15/2030		441,133
	140,000	QEP Resources, Inc.		5.63	%		03/01/2026		153,779
	110,000	Sunoco LP / Sunoco Finance Corp.		6.00	%		04/15/2027		117,070
	50,000	Sunoco LP / Sunoco Finance Corp.(g)		4.50	%		05/15/2029		52,094
	61,000	Transocean, Inc.(g)		11.50	%		01/30/2027		43,729
	220,000	USA Compression Partners LP / USA Compression Finance Corp.		6.88	%		09/01/2027		235,239
	95,000	WPX Energy, Inc.		5.88	%		06/15/2028		103,674
	95,000	WPX Energy, Inc.		4.50	%		01/15/2030		100,843
									5,898,709
Packaging & Containers - 0.06%
	185,000	Flex Acquisition Co., Inc.(g)		6.88	%		01/15/2025		188,237
	185,000	Silgan Holdings, Inc.		4.13	%		02/01/2028		192,631
	626,000	WRKCo, Inc.		3.75	%		03/15/2025		698,104
									1,078,972

Principal Amount/Description			Rate			Maturity		Value
Pharmaceuticals - 0.28%
$	525,000	AbbVie, Inc.		4.70	%		05/14/2045	$	686,798
	285,000	Bausch Health Cos., Inc.(g)		6.25	%		02/15/2029		309,992
	716,000	Becton Dickinson and Co.		2.89	%		06/06/2022		740,210
	470,000	Bristol-Myers Squibb Co.		4.35	%		11/15/2047		631,859
	355,000	Cigna Corp.(f)		3M US L + 0.89	%		07/15/2023		359,194
	340,000	Cigna Corp.		4.90	%		12/15/2048		467,567
	290,000	CVS Health Corp.		5.05	%		03/25/2048		393,065
	637,000	Eli Lilly and Co.		2.25	%		05/15/2050		626,823
	620,000	Merck & Co., Inc.		3.40	%		03/07/2029		721,461
	215,000	Viatris, Inc.(g)		1.65	%		06/22/2025		222,414
									5,159,383
Pipelines - 0.17%
	73,000	Antero Midstream Partners LP / Antero Midstream Finance Corp.(g)		5.75	%		03/01/2027		71,860
	80,000	Cheniere Energy Partners LP		5.25	%		10/01/2025		82,180
	130,000	Cheniere Energy Partners LP		5.63	%		10/01/2026		135,746
	200,000	Enable Midstream Partners LP		4.40	%		03/15/2027		202,015
	575,000	Energy Transfer Operating LP		4.75	%		01/15/2026		650,873
	175,000	EQM Midstream Partners LP(g)		6.50	%		07/01/2027		197,304
	145,000	Hess Midstream Operations LP(g)		5.13	%		06/15/2028		151,706
	448,000	Kinder Morgan Energy Partners LP		6.95	%		01/15/2038		613,699
	120,000	NuStar Logistics LP		6.38	%		10/01/2030		136,161
	180,000	ONEOK, Inc.		3.40	%		09/01/2029		193,039
	75,000	Rattler Midstream LP(g)		5.63	%		07/15/2025		79,359
	235,000	Sabine Pass Liquefaction LLC		5.00	%		03/15/2027		277,197
	170,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.		5.50	%		03/01/2030		184,729
	120,000	Western Midstream Operating LP		4.10	%		02/01/2025		123,859
									3,099,727
REITS - 0.24%
	555,000	Alexandria Real Estate Equities, Inc.		4.00	%		01/15/2024		611,323
	555,000	American Tower Corp.		3.60	%		01/15/2028		631,041
	510,000	Boston Properties LP		3.40	%		06/21/2029		569,843
	800,000	Crown Castle International Corp.		3.70	%		06/15/2026		901,953
	255,000	Crown Castle International Corp.		3.65	%		09/01/2027		288,196
	560,000	Crown Castle International Corp.		3.30	%		07/01/2030		627,469
	205,000	Equinix, Inc.		1.80	%		07/15/2027		211,254
	98,000	ESH Hospitality, Inc.(g)		5.25	%		05/01/2025		100,595
	80,000	Iron Mountain, Inc.(g)		4.50	%		02/15/2031		83,900
	190,000	National Retail Properties, Inc.		2.50	%		04/15/2030		195,959
	80,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(g)		7.63	%		06/15/2025		86,979
	75,000	Simon Property Group LP		2.45	%		09/13/2029		78,862
									4,387,374
Retail - 0.20%
	27,000	Asbury Automotive Group, Inc.		4.50	%		03/01/2028		28,283
	27,000	Asbury Automotive Group, Inc.		4.75	%		03/01/2030		28,991
	235,000	Beacon Roofing Supply, Inc.(g)		4.88	%		11/01/2025		241,008
	120,000	Costco Wholesale Corp.		1.75	%		04/20/2032		124,824
	450,000	Dollar Tree, Inc.		4.00	%		05/15/2025		508,247
	235,000	Golden Nugget, Inc.(g)		6.75	%		10/15/2024		233,606
	35,000	Group 1 Automotive, Inc.(g)		4.00	%		08/15/2028		36,121
	235,000	Home Depot, Inc.		3.90	%		06/15/2047		300,131
	195,000	IRB Holding Corp.(g)		6.75	%		02/15/2026		201,503
	270,000	McDonald's Corp.		3.60	%		07/01/2030		316,791

Principal Amount/Description			Rate			Maturity		Value
$	270,000	McDonald's Corp.		4.45	%		03/01/2047	$	350,837
	95,000	PetSmart, Inc.(g)		7.13	%		03/15/2023		95,085
	66,000	PetSmart, Inc.(g)		5.88	%		06/01/2025		67,939
	185,000	Staples, Inc.(g)		7.50	%		04/15/2026		193,499
	550,000	Target Corp.		3.38	%		04/15/2029		644,902
	195,000	Yum! Brands, Inc.		3.63	%		03/15/2031		197,356
									3,569,123
Semiconductors - 0.11%
	455,000	Broadcom, Inc.		3.15	%		11/15/2025		497,012
	300,000	Lam Research Corp.		2.88	%		06/15/2050		323,597
	645,000	Marvell Technology Group, Ltd.		4.20	%		06/22/2023		698,269
	305,000	Micron Technology, Inc.		2.50	%		04/24/2023		318,063
	170,000	Texas Instruments, Inc.		1.75	%		05/04/2030		176,501
									2,013,442
Software - 0.06%
	340,000	Activision Blizzard, Inc.		1.35	%		09/15/2030		334,401
	100,000	Black Knight InfoServ LLC(g)		3.63	%		09/01/2028		102,500
	70,000	BY Crown Parent LLC / BY Bond Finance, Inc.(g)		4.25	%		01/31/2026		71,838
	93,000	Dun & Bradstreet Corp.(g)		6.88	%		08/15/2026		100,149
	435,000	Oracle Corp.		3.85	%		04/01/2060		534,956
									1,143,844
Special Purpose Banks - 0.01%
	160,000	Caesars Resort Collection LLC / CRC Finco, Inc.(g)		5.25	%		10/15/2025		161,905
Telecommunications - 0.50%
	500,000	AT&T, Inc.		4.30	%		02/15/2030		597,710
	930,000	AT&T, Inc.(g)		3.50	%		09/15/2053		930,051
	110,000	Avaya, Inc.(g)		6.13	%		09/15/2028		117,715
	160,000	CenturyLink, Inc.(g)		5.13	%		12/15/2026		169,186
	145,000	CenturyLink, Inc.(g)		4.00	%		02/15/2027		149,911
	345,000	Corning, Inc.		4.38	%		11/15/2057		431,461
	1,675,000	Embarq Corp Eq 7.995 06/01/36		8.00	%		06/01/2036		2,069,169
	45,000	Frontier Communications Corp.(g)		5.88	%		10/15/2027		48,741
	85,000	Frontier Communications Corp.(g)		5.00	%		05/01/2028		88,772
	315,000	Frontier Communications Corp.(g)		6.75	%		05/01/2029		337,641
	1,380,000	Gogo Intermediate Holdings LLC / Gogo Finance Co., Inc.(g)		9.88	%		05/01/2024		1,480,209
	80,000	GTT Communications, Inc.(g)		7.88	%		12/31/2024		32,300
	1,245,000	Intelsat Jackson Holdings SA(g)(h)		8.50	%		10/15/2024		893,163
	290,000	T-Mobile USA, Inc.(g)		3.50	%		04/15/2025		320,734
	500,000	Verizon Communications, Inc.		3.15	%		03/22/2030		560,871
	495,000	Verizon Communications, Inc.		4.40	%		11/01/2034		617,942
	45,000	Verizon Communications, Inc.		2.65	%		11/20/2040		45,512
	155,000	Zayo Group Holdings, Inc.(g)		4.00	%		03/01/2027		155,590
	85,000	Zayo Group Holdings, Inc.(g)		6.13	%		03/01/2028		90,034
									9,136,712
Transportation - 0.10%
	125,000	Burlington Northern Santa Fe LLC		3.05	%		02/15/2051		141,954
	535,000	CSX Corp.		3.80	%		11/01/2046		642,707
	270,000	FedEx Corp.		4.75	%		11/15/2045		351,399
	30,000	Kenan Advantage Group, Inc.(g)		7.88	%		07/31/2023		30,109
	500,000	Union Pacific Corp.		3.70	%		03/01/2029		580,538
									1,746,707
Trucking & Leasing - 0.02%
	280,000	Penske Truck Leasing Co. LP / PTL Finance Corp.(g)		4.20	%		04/01/2027		322,468

Principal Amount/Description			Rate			Maturity		Value
Water - 0.02%
$	355,000	Essential Utilities, Inc.		2.70	%		04/15/2030	$	385,140
TOTAL U.S. CORPORATE BONDS
(Cost $103,252,165)									110,633,192
CONVERTIBLE CORPORATE BONDS - 0.91%
	2,036,407	BlackRock Capital Investment Corp.		5.00	%		06/15/2022		2,020,923
	6,854,823	BlackRock TCP Capital Corp.		4.63	%		03/01/2022		6,889,936
	93,648	Digicel Group 0.5, Ltd.(d)(g)(i)		5.09% (7.00	%)		Perpetual Maturity		26,221
	1,422,000	Goldman Sachs BDC, Inc.		4.50	%		04/01/2022		1,466,509
	6,000,000	New Mountain Finance Corp.		5.75	%		08/15/2023		6,187,500
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $15,723,917)									16,591,089
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.39%
	200,000	Abu Dhabi Government International Bond(g)		0.75	%		09/02/2023		200,630
	200,000	Abu Dhabi Government International Bond(g)		2.50	%		04/16/2025		214,018
	200,000	Abu Dhabi Government International Bond(g)		3.13	%		04/16/2030		226,250
	300,000	Banco Latinoamericano de Comercio Exterior SA(g)		2.38	%		09/14/2025		307,503
	500,000	Brazilian Government International Bond		2.88	%		06/06/2025		521,255
	600,000	Dominican Republic International Bond(g)		6.40	%		06/05/2049		706,500
	600,000	Export Import Bank of Thailand(f)		3M US L + 0.90	%		11/20/2023		601,947
	200,000	Indonesia Government International Bond		3.38	%		04/15/2023		212,502
	285,000	Mexico Government International Bond		4.15	%		03/28/2027		329,353
	875,000	Mexico Government International Bond		3.75	%		01/11/2028		985,027
	200,000	Mexico Government International Bond		5.00	%		04/27/2051		249,700
	300,000	Peruvian Government International Bond		2.39	%		01/23/2026		320,553
	200,000	Philippine Government International Bond		2.46	%		05/05/2030		216,258
	350,000	Philippine Government International Bond		1.65	%		06/10/2031		355,251
	200,000	Qatar Government International Bond(e)		3.88	%		04/23/2023		215,190
	400,000	Qatar Government International Bond(e)		3.38	%		03/14/2024		433,800
	400,000	Saudi Government International Bond(g)		2.90	%		10/22/2025		431,690
	200,000	Saudi Government International Bond(e)		2.38	%		10/26/2021		203,216

Principal Amount/Description			Rate			Maturity		Value
$	400,000	Saudi Government International Bond(e)		2.88	%		03/04/2023	$	419,344
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $6,697,750)									7,149,987
BANK LOANS - 1.60%(f)
Canada - 0.05%
	260,000	Kronos Acquisition Holdings, Inc., First Lien  - Initial (2020) Term Loan(k)		L + 4.50%, 0.75% Floor			12/22/2026		260,915
	653,323	Titan Acquisition, Ltd., First Lien  - Initial Term Loan		3M US L + 3.00%			03/28/2025		638,885
									899,800
Ireland - 0.03%
	518,224	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		518,040
Israel - 0.03%
	544,882	Playtika Holding Corp., First Lien  - B Term Loan		3M US L + 6.00%, 1.00% Floor			12/10/2024		549,249
Luxembourg - 0.11%
	705,000	Curium BidCo S.a r.l., Second Lien  - 2nd lien TL Term Loan(k)		L + 7.75%			10/27/2028		706,763
	1,014,745	Travelport Finance S.à r.l., First Lien  - Initial (Priority) Term Loan(k)		L + 8.00%, 1.00% Floor			02/28/2025		1,003,643
	337,776	Travelport Finance S.à r.l., First Lien  - Initial Term Loan		3M US L + 5.00%			05/29/2026		231,658
									1,942,064
Netherlands - 0.04%
	1,255,000	Bright Bidco B.V., First Lien  - 2018 Refinancing B Term Loan(k)		L + 3.50%, 1.00% Floor			06/30/2024		728,032
	5,736	Lealand Finance Company B.V., First Lien  - Make-Whole Term Loan		1M US L + 3.00%			06/28/2024		4,732
	71,969	Lealand Finance Company B.V., First Lien  - Take-Back Term Loan		1M US L + 4.00%			06/30/2025		48,399
									781,163
United States - 1.34%
	1,260,673	Air Methods Corp., First Lien  - Initial Term Loan		3M US L + 3.50%, 1.00% Floor			04/22/2024		1,220,961
	1,201,688	American Tire Distributors, Inc., First Lien  - Initial Term Loan		3M US L + 7.50%, 1.00% Floor			09/02/2024		1,152,419
	249,751	Avaya, Inc., First Lien  - Tranche B Term Loan		1M US L + 4.25%			12/15/2024		251,555
	310,250	Avaya, Inc., First Lien  - Tranche B-1 Term Loan		1M US L + 4.25%			12/15/2027		310,895
	745,313	Castle US Holding Corp., First Lien  - Initial Dollar Term Loan		3M US L + 3.75%			01/29/2027		733,432
	1,014,072	Cengage Learning, Inc., First Lien  - 2016 Refinancing Term Loan		3M US L + 4.25%, 1.00% Floor			06/07/2023		975,466
	2,208,772	Cvent, Inc., First Lien Term Loan		1M US L + 3.75%			11/29/2024		2,131,465

Principal Amount/Description			Rate		Maturity		Value
$	112,479	Dhanani Group, Inc., First Lien Term Loan		1M US L + 3.75%		07/20/2025	$	110,652
	713,181	Envision Healthcare Corp., First Lien  - Initial Term Loan		1M US L + 3.75%		10/10/2025		598,095
	461,230	Forterra Finance LLC, First Lien  - Replacement Term Loan		1M US L + 3.00%, 1.00% Floor		10/25/2023		462,480
	454,148	Global Medical Response, Inc., First Lien  - 2018 New Term Loan		3M US L + 4.25%, 1.00% Floor		03/14/2025		450,742
	751,729	Golden Nugget, Inc., First Lien  - Initial B Term Loan		2M US L + 2.50%, 0.75% Floor		10/04/2023		728,207
	771,739	Granite US Holdings Corp., First Lien  - B Term Loan		3M US L + 5.25%		09/30/2026		773,668
	996,040	Gulf Finance LLC, First Lien  - Tranche B Term Loan		1M US L + 5.25%, 1.00% Floor		08/25/2023		760,193
	455,000	Ivanti Software, Inc., First Lien  - Initial Term Loan		1M US L + 4.75%, 1.00% Floor		12/01/2027		454,716
	87,165	Klockner Pentaplast of America, Inc., First Lien  - Dollar Term Loan		3M US L + 4.25%, 1.00% Floor		06/30/2022		87,111
	301,188	Lower Cadence Holdings LLC, First Lien  - Initial Term Loan		1M US L + 4.00%		05/22/2026		294,882
	330,000	Milano Acquisition Corp., First Lien  - B Term Loan		3M US L + 4.00%, 0.75% Floor		10/01/2027		330,756
	1,132,707	Minotaur Acquisition, Inc., First Lien  - B Term Loan		1M US L + 5.00%		03/27/2026		1,114,300
	492,959	Misys, Ltd., First Lien  - Dollar Term Loan		3M US L + 3.50%, 1.00% Floor		06/13/2024		484,128
	705,000	Misys, Ltd., Second Lien  - Dollar Term Loan		3M US L + 7.25%, 1.00% Floor		06/13/2025		709,783
	1,135,000	Mitchell International, Inc., Second Lien  - Initial Term Loan		1M US L + 7.25%		12/01/2025		1,101,659
	471,614	MLN US HoldCo LLC, First Lien  - B Term Loan		1M US L + 4.50%		11/30/2025		429,869
	993,413	MPH Acquisition Holdings LLC, First Lien  - Initial Term Loan		3M US L + 2.75%, 1.00% Floor		06/07/2023		990,701
	126,230	Onedigital Borrower LLC Delayed Tl(k)		L + 4.50%		11/16/2027		126,704
	1,278,770	OneDigital Borrower LLC, First Lien  - Initial Term Loan		3M US L + 4.50%, 0.75% Floor		11/16/2027		1,283,565
	1,026,735	Peak 10 Holding Corp., First Lien  - Initial Term Loan		3M US L + 3.50%		08/01/2024		923,132
	532,304	Radiology Partners, Inc., First Lien  - B Term Loan		3M US L + 4.25%		07/09/2025		524,764
	554,511	Solenis Holdings LLC, First Lien  - Initial Dollar Term Loan		3M US L + 4.00%		06/26/2025		554,649
	230,000	Solenis Holdings LLC, Second Lien  - Initial Term Loan		3M US L + 8.50%		06/26/2026		229,808
	982,244	Team Health Holdings, Inc., First Lien  - Initial Term Loan		1M US L + 2.75%, 1.00% Floor		02/06/2024		879,638
	680,000	TIBCO Software, Inc., Second Lien		1M US L + 7.25%		03/03/2028		689,064
	1,511,413	Vantage Specialty Chemicals, Inc., First Lien  - Closing Date Term Loan(k)		L + 3.50%, 1.00% Floor		10/28/2024		1,441,828

Principal Amount/Description			Rate		Maturity		Value
$	1,095,596	Web.com Group, Inc., Second Lien  - Initial Term Loan		1M US L + 7.75%		10/09/2026	$	1,051,318
								24,362,605
TOTAL BANK LOANS
(Cost $28,525,203)								29,052,921
COLLATERALIZED LOAN OBLIGATIONS - 2.81%
		Adams Mill CLO, Ltd.
	500,000	Series 2014-1A(f)(g)		3M US L + 3.50%		07/15/2026		497,074
		AIMCO CLO
	500,000	Series 2018-AA(f)(g)		3M US L + 2.55%		04/17/2031		475,092
		AIMCO CLO 10, Ltd.
	1,000,000	Series 2019-10A(f)(g)		3.55% - 3M US L		07/22/2032		1,000,381
		Apidos CLO XII
	500,000	Series 2018-12A(f)(g)		3M US L + 2.60%		04/15/2031		475,796
		Apidos CLO XX
	500,000	Series 2018-20A(f)(g)		3M US L + 2.95%		07/16/2031		485,849
		Apidos CLO XXI
	500,000	Series 2018-21A(f)(g)		3M US L + 2.45%		07/18/2027		485,524
	1,000,000	Series 2018-21A(f)(g)		3M US L + 8.25%		07/18/2027		815,430
		Apidos CLO XXIV
	1,000,000	Series 2018-24A(f)(g)		3M US L + 5.80%		10/20/2030		930,965
		Apres Static CLO 2, Ltd.
	500,000	Series 2020-1A(f)(g)		3M US L + 4.85%		04/15/2028		501,957
		Avery Point VI CLO, Ltd.
	480,440	Series 2018-6A(f)(g)		3M US L + 1.05%		08/05/2027		480,205
		Babson CLO, Ltd.
	500,000	Series 2018-IA(f)(g)		3M US L + 2.60%		01/20/2031		471,359
		Barings CLO, Ltd.
	500,000	Series 2017-1A(f)(g)		3M US L + 3.60%		07/18/2029		500,524
	500,000	Series 2018-4A(f)(g)		3M US L + 5.82%		10/15/2030		476,152
	1,000,000	Series 2019-1A(f)(g)		3M US L + 6.68%		04/15/2031		987,887
	500,000	Series 2019-2A(f)(g)		3.85% - 3M US L		04/15/2031		499,914
		Beechwood Park CLO, Ltd.
	500,000	Series 2019-1A(f)(g)		3M US L + 7.50%		01/17/2033		505,030
		BlueMountain CLO, Ltd.
	500,000	Series 2018-3A(f)(g)		3M US L + 2.60%		04/20/2031		455,106
		Buttermilk Park CLO, Ltd.
	1,000,000	Series 2018-1A(f)(g)		3M US L + 5.75%		10/15/2031		954,581
		Canyon Capital CLO, Ltd.
	500,000	Series 2017-1A(f)(g)		3M US L + 3.60%		07/15/2030		500,127
	1,000,000	Series 2018-1A(f)(g)		3M US L + 2.75%		01/30/2031		946,942
	1,500,000	Series 2018-1A(f)(g)		3M US L + 5.50%		01/30/2031		1,355,145
	1,000,000	Series 2018-1A(f)(g)		3M US L + 5.75%		07/15/2031		920,826
	500,000	Series 2018-1A(f)(g)		3M US L + 2.80%		07/15/2031		478,234
	500,000	Series 2018-1RA(f)(g)		3M US L + 3.00%		07/15/2030		486,395
		Canyon CLO, Ltd.
	500,000	Series 2018-1A(f)(g)		3M US L + 2.90%		07/15/2031		479,130
		Carlyle Global Market Strategies CLO, Ltd.
	1,000,000	Series 2018-2RA(f)(g)		3M US L + 5.35%		05/15/2031		873,188
	500,000	Series 2018-3A(f)(g)		3M US L + 2.85%		07/28/2028		486,996
		Chenango Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)		3M US L + 3.00%		04/15/2030		487,115
	1,000,000	Series 2018-1A(f)(g)		3M US L + 5.80%		04/15/2030		959,805

Principal Amount/Description			Rate		Maturity		Value
		Cook Park CLO, Ltd.
$	500,000	Series 2018-1A(f)(g)		3M US L + 2.60%		04/17/2030	$	475,825
		Crown Point CLO IV, Ltd.
	500,000	Series 2018-4A(f)(g)		3M US L + 1.90%		04/20/2031		485,318
		Dorchester Park CLO DAC
	500,000	Series 2018-1A(f)(g)		3M US L + 2.40%		04/20/2028		489,853
	875,000	Series 2018-1A(f)(g)		3M US L + 5.00%		04/20/2028		840,984
		Dryden 57 CLO, Ltd.
	500,000	Series 2018-57A(f)(g)		3M US L + 2.55%		05/15/2031		473,113
		Dryden 60 CLO, Ltd.
	1,000,000	Series 2018-60A(f)(g)		3M US L + 3.00%		07/15/2031		976,259
		Dryden 77 CLO, Ltd.
	800,000	Series 2020-77A(f)(g)		3M US L + 5.14%		05/20/2031		807,668
		Elmwood CLO II, Ltd.
	1,000,000	Series 2019-2A(f)(g)		3M US L + 2.10%		04/20/2031		1,001,826
		Fillmore Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)		3M US L + 2.90%		07/15/2030		489,912
	1,000,000	Series 2018-1A(f)(g)		3M US L + 5.40%		07/15/2030		933,608
		Gilbert Park CLO, Ltd.
	1,000,000	Series 2017-1A(f)(g)		3M US L + 6.40%		10/15/2030		985,128
		Goldentree Loan Management US CLO, Ltd.
	1,000,000	Series 2018-3A(f)(g)		3M US L + 2.85%		04/20/2030		967,396
		Longfellow Place CLO, Ltd.
	491,179	Series 2017-1A(f)(g)		3M US L + 1.34%		04/15/2029		490,618
		Myers Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)		3M US L + 3.05%		10/20/2030		489,142
	1,000,000	Series 2018-1A(f)(g)		3M US L + 5.50%		10/20/2030		937,321
		Neuberger Berman CLO XXIII, Ltd.
	1,000,000	Series 2018-23A(f)(g)		3M US L + 5.75%		10/17/2027		972,920
		PPM CLO 3, Ltd.
	1,000,000	Series 2019-3A(f)(g)		3.70% - 3M US L		07/17/2030		1,002,428
		Sound Point CLO XXIV
	1,375,000	Series 2019-3A(f)(g)		3M US L + 7.31%		10/25/2032		1,368,396
		Sound Point CLO XXVIII, Ltd.
	1,000,000	Series 2020-3A(f)(g)		3M US L + 6.90%		01/25/2032		995,233
		Stewart Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)		3M US L + 2.60%		01/15/2030		478,291
		Symphony CLO XVII, Ltd.
	1,500,000	Series 2018-17A(f)(g)		3M US L + 2.65%		04/15/2028		1,471,448
		Thayer Park CLO, Ltd.
	500,000	Series 2017-1A(f)(g)		3M US L + 6.10%		04/20/2029		489,259
		THL Credit Wind River CLO, Ltd.
	500,000	Series 2017-1A(f)(g)		3M US L + 3.75%		04/18/2029		494,298
	500,000	Series 2018-1A(f)(g)		2.90% - 3M US L		07/15/2030		474,090
	2,000,000	Series 2018-1A(f)(g)		5.50% - 3M US L		07/15/2030		1,774,774
	1,000,000	Series 2018-1A(f)(g)		3M US L + 3.00%		07/18/2031		918,268
	1,000,000	Series 2018-2A(f)(g)		3M US L + 5.75%		07/15/2030		910,697
	1,000,000	Series 2018-3A(f)(g)		3M US L + 6.22%		10/22/2031		844,903
		Tryon Park CLO, Ltd.
	1,000,000	Series 2018-1A(f)(g)		3M US L + 5.95%		04/15/2029		971,274
		Venture XX CLO, Ltd.
	1,000,000	Series 2017-20A(f)(g)		3M US L + 1.90%		04/15/2027		988,657
		VERDE CLO, Ltd.
	1,000,000	Series 2019-1A(f)(g)		3.80% - 3M US L		04/15/2032		1,002,077
		VOYA CLO 2017-2
	1,000,000	Series 2017-2A(f)(g)		3M US L + 6.02%		06/07/2030		928,593

Principal Amount/Description			Rate		Maturity		Value
		Voya CLO, Ltd.
$	500,000	Series 2018-1A(f)(g)		3M US L + 2.80%		04/18/2031	$	480,949
	1,000,000	Series 2018-2A(f)(g)		3M US L + 2.75%		07/15/2031		962,483
	1,000,000	Series 2018-2A(f)(g)		3M US L + 5.25%		07/15/2031		930,487
	500,000	Series 2018-3A(f)(g)		3M US L + 6.20%		10/20/2031		449,997
	500,000	Series 2018-4A(f)(g)		3M US L + 5.95%		07/14/2031		441,230
		Webster Park CLO, Ltd.
	1,000,000	Series 2018-1A(f)(g)		5.50% - 3M US L		07/20/2030		961,808
		Westcott Park CLO, Ltd.
	1,000,000	Series 2019-1A(f)(g)		3M US L + 3.25%		07/20/2028		997,502
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $52,968,334)								51,126,762
EQUITY - LINKED NOTES - 0.00%(a)
	263,093	Inverpamplona SA(j)(l)		0.00%		12/30/2028		11,250
TOTAL EQUITY - LINKED NOTES
(Cost $11,250)								11,250
NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 25.61%
		Aaset Trust
	456,422	Series 2019-2(g)		3.38%		10/16/2026		430,522
		AASET, Ltd.
	513,749	Series 2018-1A(g)		3.84%		09/16/2023		487,076
		ABFC Trust
	3,325,180	Series 2007-WMC1(f)		1M US L + 1.25%		06/25/2037		2,911,567
		Adjustable Rate Mortgage Trust
	2,750,335	Series 2005-10(f)		3.03%		01/25/2036		2,444,684
	135,628	Series 2005-7(f)		3.31%		10/25/2035		116,734
		Affirm Asset Securitization Trust 2020-A
	1,750,000	Series 2020-A(g)		6.23%		10/17/2022		1,801,879
		Alternative Loan Trust
	224,432	Series 2005-20CB		5.50%		07/25/2035		216,396
	83,880	Series 2005-54CB		5.50%		11/25/2035		66,892
	445,570	Series 2005-6CB		5.50%		04/25/2035		443,392
	199,716	Series 2005-85CB(f)		21.63% - 3.67 x 1M US L		02/25/2036		277,731
	945,694	Series 2005-85CB(f)		1M US L + 1.10%		02/25/2036		768,008
	248,838	Series 2005-86CB		5.50%		02/25/2036		206,175
	445,384	Series 2005-9CB(f)(m)		5.05% - 1M US L		05/25/2035		49,381
	250,779	Series 2005-9CB(f)		1M US L + 0.50%		05/25/2035		225,039
	250,910	Series 2006-12CB(f)		1M US L + 5.75%		05/25/2036		191,210
	1,249,052	Series 2006-15CB		6.50%		06/25/2036		949,417
	145,786	Series 2006-30T1		6.25%		11/25/2036		131,043
	120,454	Series 2006-32CB		5.50%		11/25/2036		96,251
	290,462	Series 2006-36T2(f)		28.06% - 4.6 x 1M US L		12/25/2036		517,303
	976,642	Series 2007-19		6.00%		08/25/2037		721,300
	3,375,050	Series 2007-20		6.25%		08/25/2047		2,699,227
	895,270	Series 2007-23CB(f)(m)		6.50% - 1M US L		09/25/2037		288,760
	937,619	Series 2007-23CB(f)		1M US L + 0.50%		09/25/2037		412,666
		American Home Mortgage Investment Trust
	168,158	Series 2007-A(g)(n)		6.60%		01/25/2037		62,474

Principal Amount/Description			Rate			Maturity		Value
		AmeriHome GMSR Issuer Trust
$	3,100,000	Series 2019-GT1(g)		4.68	%		11/25/2026	$	2,815,404
		AMSR 2020-SFR3 Trust
	5,100,000	Series 2020-SFR3(g)		4.99	%		09/17/2025		5,212,400
		AREIT Trust
	1,265,000	Series 2019-CRE3(f)(g)		1M US L + 2.65	%		07/14/2022		1,211,472
		Atlas Senior Loan Fund X, Ltd.
	491,101	Series 2018-10A(f)(g)		3M US L + 1.09	%		01/15/2031		489,125
		Atrium Hotel Portfolio Trust
	1,309,000	Series 2018-ATRM(f)(g)		1M US L + 3.40	%		06/15/2021		1,153,316
		Atrium IX
	500,000	Series 2017-9A(f)(g)		3M US L + 3.60	%		05/28/2030		500,614
		Atrium XIII
	1,000,000	Series 2017-13A(f)(g)		3M US L + 6.05	%		11/21/2030		940,861
		Atrium XIV LLC
	1,000,000	Series 2018-14A(f)(g)		3M US L + 5.65	%		08/23/2030		955,843
		Atrium XV
	1,000,000	Series 2018-15A(f)(g)		3M US L + 3.00	%		01/23/2031		971,317
		BAMLL Commercial Mortgage Securities Trust
	683,000	Series 2019-AHT(f)(g)		2.68	%		03/15/2021		646,855
		Banc of America Commercial Mortgage Trust 2015-UBS7
	600,000	Series 2015-UBS7(f)		4.36	%		09/15/2025		617,703
		Banc of America Funding Trust
	132,145	Series 2006-2		5.50	%		03/25/2036		132,572
	3,494,889	Series 2010-R5(f)(g)		6.00	%		10/26/2037		3,307,255
		Bancorp Commercial Mortgage Trust
	605,000	Series 2019-CRE5(f)(g)		1M US L + 1.50	%		01/15/2022		598,470
	1,312,000	Series 2019-CRE5(f)(g)		1M US L + 2.35	%		02/15/2022		1,250,504
		BANK
	463,000	Series 2018-BN10(f)		4.08	%		01/15/2028		527,763
	10,291,000	Series 2018-BN12(f)(g)(m)		1.50	%		05/15/2061		864,469
	463,000	Series 2018-BN13(f)		4.56	%		07/15/2028		543,873
		BANK 2017-BNK5
	200,000	Series 2017-BNK5(f)		4.25	%		06/15/2027		215,081
		BANK 2020-BNK27
	16,875,000	Series 2020-BN27(f)(g)(m)		0.72	%		04/15/2030		959,529
		BANK 2020-BNK28
	523,000	Series 2020-BN28		2.34	%		10/15/2030		532,476
		BBCMS Trust
	3,000,000	Series 2018-CBM(f)(g)		1M US L + 3.55	%		07/15/2037		2,719,914
		BCAP, LLC Trust
	122,943	Series 2007-AA2(f)		7.50	%		04/25/2037		98,561
	79,767	Series 2007-AA2		6.00	%		04/25/2037		58,525
	5,783,958	Series 2010-RR6(f)(g)		6.00	%		07/26/2036		4,434,393
		Bear Stearns ALT-A Trust
	981,558	Series 2005-3(f)		3.06	%		04/25/2035		921,426
	7,967,581	Series 2006-3(f)		3.10	%		05/25/2036		6,756,624
	963,992	Series 2006-6(f)		3.49	%		11/25/2036		674,608
		Bear Stearns Asset-Backed Securities Trust
	1,951,822	Series 2006-AC1(n)		6.25	%		02/25/2036		1,332,642
		Bellemeade Real Estate, Ltd.
	1,469,148	Series 2019-2A(f)(g)		1M US L + 1.45	%		04/25/2029		1,470,232
		Benchmark 2018-B4 Mortgage Trust
	22,370,923	Series 2018-B4(f)(m)		0.52	%		06/15/2028		633,097

Principal Amount/Description			Rate			Maturity		Value
$	1,589,000	Series 2018-B4(f)(g)		2.81	%		07/15/2028	$	1,416,764
		Benchmark 2019-B12 Mortgage Trust
	528,000	Series 2019-B12(f)(g)		3.44	%		07/15/2024		533,667
		Benchmark 2020-B17 Mortgage Trust
	954,000	Series 2020-B17(f)		3.37	%		03/15/2030		966,823
		Benchmark 2020-B18 Mortgage Trust
	522,000	Series 2020-B18(g)		4.14	%		08/15/2025		527,950
	488,000	Series 2020-B18(f)		3.65	%		07/15/2030		516,989
		Benchmark 2020-B19 Mortgage Trust
	523,000	Series 2020-B19		2.35	%		09/15/2030		532,924
		BF Mortgage Trust
	705,000	Series 2019-NYT(f)(g)		1M US L + 3.00	%		12/15/2035		682,453
		BHP Trust
	532,700	Series 2019-BXHP(f)(g)		1M US L + 2.57	%		08/15/2021		509,740
		BX Trust
	3,626,000	Series 2019-OC11(f)(g)		4.08	%		12/09/2029		3,647,772
		Cantor Commercial Real Estate Lending
	1,113,000	Series 2019-CF1(f)(g)		4.12	%		04/15/2024		1,047,119
		Cantor Commercial Real Estate Lending 2019-CF1
	266,000	Series 2019-CF1(f)(g)		4.14	%		04/15/2024		256,939
		Carbon Capital VI Commercial Mortgage Trust
	680,000	Series 2019-FL2(f)(g)		1M US L + 2.85	%		11/15/2021		602,041
		Cascade MH Asset Trust
	4,601,000	Series 2019-MH1(f)(g)		5.99	%		10/25/2024		4,810,609
		Castlelake Aircraft Securitization Trust
	3,014,806	Series 2018-1(g)		6.63	%		06/15/2025		1,380,278
		Castlelake Aircraft Structured Trust
	614,909	Series 2019-1A(g)		3.97	%		04/15/2026		589,004
	2,750,000	Series 2019-1A(g)(j)		0.00	%		04/15/2039		546,540
		CF Trust
	1,518,000	Series 2019-MF1(f)(g)		1M US L + 2.95	%		08/21/2021		1,405,724
		Chase Mortgage Finance Trust
	12,019,670	Series 2007-S2		6.00	%		03/25/2037		8,836,321
	402,183	Series 2007-S3		5.50	%		05/25/2037		88,173
		CIM Trust
	11,994,166	Series 2016-1RR(f)(g)		6.01	%		07/26/2055		11,132,673
	12,000,000	Series 2016-2RR B2(f)(g)		5.99	%		02/25/2056		11,111,040
	12,000,000	Series 2016-3RR B2(f)(g)		5.98	%		02/27/2056		11,126,376
	11,430,000	Series 2016-3RR B2(f)(g)		10.69	%		01/27/2057		10,909,524
		Citicorp Mortgage Securities Trust
	427,095	Series 2007-1		6.00	%		01/25/2037		426,188
		Citigroup Commercial Mortgage Trust
	3,727,257	Series 2014-GC25(f)(m)		0.99	%		10/10/2047		115,146
	866,000	Series 2015-GC27(f)(g)		4.42	%		01/10/2025		775,242
	400,000	Series 2015-GC31(f)		4.06	%		06/10/2025		400,496
	344,000	Series 2016-GC36(g)		2.85	%		01/10/2026		247,526
	464,000	Series 2017-C4(f)		4.10	%		10/12/2027		510,982
	463,000	Series 2018-B2(f)		4.28	%		03/10/2028		525,344
	515,000	Series 2018-C5(f)		4.72	%		06/10/2028		572,008
	901,000	Series 2019-SST2(f)(g)		1M US L + 1.60	%		02/15/2022		900,765

Principal Amount/Description			Rate			Maturity		Value
$	901,000	Series 2019-SST2(f)(g)		1M US L + 2.00	%		02/15/2022	$	893,861
	1,433,000	Series 2020-555(f)(g)		3.62	%		12/10/2029		1,087,836
		Citigroup Commercial Mortgage Trust 2019-GC41
	520,000	Series 2019-GC41		3.20	%		08/10/2029		561,375
		Citigroup COmmercial Mortgage Trust 2019-SMRT
	1,000,000	Series 2019-SMRT(f)(g)		4.75	%		01/10/2024		1,014,429
		Citigroup Commercial Mortgage Trust 2020-GC46
	2,000,000	Series 2020-GC46(g)		2.60	%		02/15/2030		1,468,536
		Citigroup Mortgage Loan Trust
	750,082	Series 2006-WF1(n)		4.82	%		03/25/2036		486,916
	1,177,575	Series 2007-OPX1(n)		6.33	%		01/25/2037		637,544
		CitiMortgage Alternative Loan Trust
	485,467	Series 2007-A1		6.00	%		01/25/2037		489,611
	95,624	Series 2007-A1(f)(m)		5.40% - 1M US L			01/25/2037		17,046
	72,462	Series 2007-A3(f)		6.00	%		03/25/2037		72,517
	166,757	Series 2007-A3(f)(m)		5.40% - 1M US L			03/25/2037		31,976
	510,990	Series 2007-A6		5.50	%		06/25/2037		482,697
		CLI Funding VI LLC
	841,918	Series 2019-1A(g)		3.71	%		05/18/2029		861,015
		CLNC 2019-FL1, Ltd.
	1,037,000	Series 2019-FL1(f)(g)		1M US L + 1.55	%		12/19/2025		1,023,224
		COMM 2020-CX Mortgage Trust
	400,000	Series 2020-CX(f)(g)		2.68	%		11/10/2030		405,300
		COMM Mortgage Trust
	887,000	Series 2013-CR11(f)		5.11	%		09/10/2023		965,575
	500,000	Series 2016-GCT(f)(g)		3.46	%		08/10/2021		496,906
		Commercial Mortgage Pass-Through Certificates
	242,400	Series 2014-CR19(f)		4.71	%		08/10/2024		257,675
	604,000	Series 2014-CR20(f)		4.51	%		10/10/2024		640,773
	8,643,281	Series 2014-UBS4(g)		3.75	%		08/10/2024		1,411,581
	11,000	Series 2014-UBS4(f)(g)(j)		0.00	%		08/10/2047		1
	3,247,465	Series 2015-CR22(f)(m)		0.89	%		03/10/2025		89,122
	916,000	Series 2015-CR25(f)		4.54	%		08/10/2025		951,916
	4,562,813	Series 2015-CR26(f)(m)		0.93	%		09/10/2025		166,194
	419,000	Series 2015-LC23(f)		4.62	%		10/10/2025		431,350
		CORE Mortgage Trust
	540,000	Series 2019-CORE(f)(g)		1M US L + 1.90	%		12/15/2031		528,216
	540,000	Series 2019-CORE(f)(g)		1M US L + 2.35	%		12/15/2031		525,004
		Countrywide Home Loan Mortgage Pass-Through Trust
	2,014,922	Series 2005-HYB7(f)		2.68	%		11/20/2035		1,750,910
	30,151	Series 2005-J4		5.50	%		11/25/2035		29,230
	1,606,952	Series 2006-18		6.00	%		12/25/2036		1,307,239
	256,852	Series 2007-17		6.00	%		10/25/2037		230,857
	278,852	Series 2007-3		6.00	%		04/25/2037		209,042
	286,892	Series 2007-7		5.75	%		06/25/2037		222,537
		Credit Suisse First Boston Mortgage Securities Corp.
	65,865	Series 2005-10		5.50	%		11/25/2035		59,650
	1,923,026	Series 2005-11		6.00	%		12/25/2035		1,770,088
	65,049	Series 2005-8		5.50	%		08/25/2025		63,983
	4,302,367	Series 2005-9		6.00	%		10/25/2035		2,094,069

Principal Amount/Description			Rate			Maturity		Value
		Credit Suisse Mortgage Capital Certificates
$	2,591,061	Series 2006-2		5.75	%		03/25/2036	$	1,987,378
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2(n)		6.20	%		09/25/2036		943,104
	139,306	Series 2007-1(f)		5.90	%		05/25/2037		52,907
		CSAIL 2016-C6 Commercial Mortgage Trust
	490,000	Series 2016-C6(f)		4.95	%		04/15/2026		510,658
	1,362,000	Series 2016-C6(f)(g)		4.95	%		05/15/2026		1,289,624
		CSAIL Commercial Mortgage Trust
	5,210,449	Series 2015-C1(f)(m)		0.83	%		01/15/2025		144,082
	419,000	Series 2015-C4(f)		4.56	%		11/15/2025		432,407
	214,000	Series 2018-C14(f)		4.89	%		10/15/2028		238,055
		CSMC Mortgage-Backed Trust
	165,895	Series 2006-1		6.00	%		02/25/2036		92,416
	22,438	Series 2006-4		5.50	%		05/25/2021		19,548
	790,619	Series 2006-5		6.25	%		06/25/2036		274,087
	85,962	Series 2006-9		6.00	%		11/25/2036		71,292
	1,883,840	Series 2007-1		6.00	%		02/25/2037		1,698,093
	7,376	Series 2007-2		5.00	%		03/25/2037		7,163
	512,597	Series 2007-3(f)		5.84	%		04/25/2037		217,919
	27,640	Series 2007-4		6.00	%		06/25/2037		21,770
	604,000	Series 2017-CALI(f)(g)		3.78	%		11/10/2024		627,377
	253,000	Series 2017-CHOP(f)(g)		1M US L + 1.90	%		07/15/2032		225,947
	223,000	Series 2017-CHOP(f)(g)		1M US L + 3.30	%		07/15/2032		181,583
		DB Master Finance LLC
	987,500	Series 2019-1A(g)		3.79	%		02/20/2024		1,017,730
		DBGS 2018-BIOD Mortgage Trust
	861,313	Series 2018-BIOD(f)(g)		1M US L + 2.00	%		05/15/2035		860,937
		DBJPM 16-C1 Mortgage Trust
	1,309,000	Series 2016-C1(f)		3.35	%		03/10/2026		1,234,247
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	267,805	Series 2005-6(f)(m)		5.08% - 1M US L			12/25/2035		49,903
	117,414	Series 2005-6(f)		1M US L + 1.40	%		12/25/2035		87,672
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	152,043	Series 2006-PR1(f)(g)		12.12% - 1M US L			04/15/2036		151,734
		Dryden 38 Senior Loan Fund
	1,000,000	Series 2018-38A(f)(g)		3M US L + 5.60	%		07/15/2030		919,298
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A(f)(g)		3M US L + 5.75	%		08/15/2031		932,229
	500,000	Series 2018-40A(f)(g)		3M US L + 3.10	%		08/15/2031		489,874
		Earnest Student Loan Program
	35,000	Series 2016-D(g)(j)		0.00	%		05/25/2025		490,221
		Fannie Mae-Aces
	16,987,485	Series 2019-M24(f)(m)		1.15	%		03/25/2031		1,676,572
	58,445,581	Series 2020-M10(f)(m)		0.85	%		12/25/2027		2,618,397
	56,923,068	Series 2020-M10(f)(m)		0.87	%		07/25/2032		4,379,160
	17,954,977	Series 2020-M13(f)(m)		1.30	%		09/25/2030		1,665,042
		First Horizon Alternative Mortgage Securities Trust
	710,476	Series 2005-FA6		5.50	%		09/25/2035		599,764
	123,605	Series 2007-FA2		6.00	%		04/25/2037		74,583
		First Horizon Mortgage Pass-Through Trust
	899,506	Series 2007-AR3(f)		2.93	%		11/25/2037		665,658

Principal Amount/Description			Rate			Maturity		Value
		FirstKey Homes 2020-SFR1 Trust
$	1,100,000	Series 2020-SFR1(g)		4.28	%		09/17/2025	$	1,143,885
		Fontainebleau Miami Beach Trust
	2,366,000	Series 2019-FBLU(f)(g)		3.96	%		12/10/2024		2,227,816
		FREMF 2015-KF07 Mortgage Trust
	902,066	Series 2015-KF07(f)(g)		1M US L + 4.95	%		02/25/2025		909,250
		FREMF 2015-KF09 Mortgage Trust
	753,922	Series 2015-KF09(f)(g)		1M US L + 5.35	%		05/25/2022		755,093
		FREMF 2016-KF19 Mortgage Trust
	1,000,094	Series 2016-KF19(f)(g)		1M US L + 5.50	%		06/25/2023		999,528
		FREMF 2016-KF25 Mortgage Trust
	988,634	Series 2016-KF25(f)(g)		1M US L + 5.00	%		10/25/2023		982,646
		FREMF Mortgage Trust
	999,779	Series 2016-KF22(f)(g)		1M US L + 5.05	%		07/25/2023		1,016,724
		GAIA Aviation, Ltd.
	541,456	Series 2019-1(g)(n)		3.97	%		12/15/2026		505,522
	380,478	Series 2019-1(g)(n)		7.00	%		12/15/2026		216,671
		Government National Mortgage Association
	19,402,030	Series 2020-168(f)(m)		0.99	%		12/16/2062		1,725,638
		Great Wolf Trust
	3,084,000	Series 2019-WOLF(f)(g)		1M US L + 3.13	%		12/15/2024		2,742,803
		GS Mortgage Securities Corp. Trust 2018-RIVR
	1,000,000	Series 2018-RIVR(f)(g)		1M US L + 1.55	%		07/15/2035		874,810
		GS Mortgage Securities Trust
	91,983	Series 2011-GC3(f)(g)(m)		0.36	%		03/10/2021		1
	2,085,488	Series 2011-GC5(f)(g)(m)		1.32	%		08/10/2044		4,777
	3,986,000	Series 2014-GC26(f)(g)		4.51	%		11/10/2047		2,996,425
	7,141,140	Series 2015-GS1(f)(m)		0.76	%		11/10/2025		233,037
	1,954,000	Series 2018-TWR(f)(g)		1M US L + 3.92	%		07/15/2021		1,670,046
	636,000	Series 2020-GC45(f)		3.41	%		12/13/2029		695,125
		GS Mortgage Securities Trust 2016-GS2
	260,000	Series 2016-GS2(f)		3.76	%		04/10/2026		284,789
		GSAA Home Equity Trust
	2,262,444	Series 2006-13(f)		6.04	%		07/25/2036		1,054,261
	514,659	Series 2006-18(n)		5.68	%		11/25/2036		200,337
	163,106	Series 2006-6(f)		5.69	%		03/25/2036		68,631
	896,537	Series 2007-2(n)		6.10	%		03/25/2037		306,658
		GSCG Trust
	628,000	Series 2019-600C(g)		3.76	%		09/06/2024		621,095
	1,303,000	Series 2019-600C(f)(g)		3.99	%		09/06/2024		1,228,774
		GSR Mortgage Loan Trust
	195,373	Series 2005-AR4(f)		3.33	%		07/25/2035		199,478
	1,247,299	Series 2006-2F		5.25	%		02/25/2036		831,464
	177,647	Series 2007-2F		5.75	%		02/25/2037		578,995
	2,512,314	Series 2007-2F		6.00	%		03/25/2037		2,021,863
	982,730	Series 2007-AR2(f)		3.61	%		05/25/2037		755,650
		Halcyon Loan Advisors Funding, Ltd.
	250,000	Series 2013-2A(f)(g)		3M US L + 2.70	%		08/01/2025		249,735
		Harley Marine Financing LLC
	275,967	Series 2018-1A(g)		5.68	%		05/15/2022		250,076
		Hawaii Hotel Trust
	1,391,000	Series 2019-MAUI(f)(g)		1M US L + 2.75	%		05/15/2021		1,295,031
		Hayfin US XII, Ltd.
	500,000	Series 2019-1A(f)(g)		3M US L + 2.25	%		04/28/2031		501,418

Principal Amount/Description			Rate			Maturity		Value
		Helios Issuer, LLC Series
$	1,267,418	Series 2017-1A(g)		4.94	%		09/20/2023	$	1,327,744
		Highbridge Loan Management 4-2014, Ltd.
	500,000	Series 2018-2014(f)(g)		3M US L + 5.55	%		01/28/2030		465,300
		Highbridge Loan Management, Ltd.
	500,000	Series 2017-2A(f)(g)		3M US L + 6.60	%		10/20/2029		464,566
	2,000,000	Series 2018-2015(f)(g)		3M US L + 5.10	%		02/05/2031		1,787,194
	500,000	Series 2018-2016(f)(g)		3M US L + 2.90	%		07/20/2030		477,150
		Horizon Aircraft Finance III, Ltd.
	965,772	Series 2019-2(g)		3.43	%		11/15/2026		935,765
		HPLY Trust
	567,847	Series 2019-HIT(f)(g)		1M US L + 3.15	%		11/15/2021		515,353
	1,131,627	Series 2019-HIT(f)(g)		1M US L + 3.90	%		11/15/2021		978,929
		HSI Asset Securitization Corp. Trust
	9,299,065	Series 2006-HE1(f)		1M US L + 0.14	%		10/25/2036		4,203,571
		IMT Trust
	325,349	Series 2017-APTS(f)(g)		1M US L + 1.10	%		06/15/2034		324,851
		IndyMac IMJA Mortgage Loan Trust
	1,063,088	Series 2007-A1		6.00	%		08/25/2037		641,065
		IndyMac IMSC Mortgage Loan Trust
	4,659,192	Series 2007-F2		6.50	%		07/25/2037		2,485,206
		IndyMac Index Mortgage Loan Trust
	1,554,567	Series 2005-AR31(f)		3.00	%		01/25/2036		1,500,041
	962,384	Series 2005-AR35(f)		3.25	%		02/25/2036		903,810
	2,138,967	Series 2006-AR25(f)		3.11	%		09/25/2036		1,973,550
		Invitation Homes
	995,000	Series 2018-SFR1(f)(g)		1M US L + 1.25	%		03/17/2037		996,868
	650,000	Series 2018-SFR1(f)(g)		1M US L + 1.45	%		03/17/2037		651,842
		JOL Air, Ltd.
	877,498	Series 2019-1(g)		3.97	%		04/15/2026		848,441
		JP Morgan Alternative Loan Trust
	239,647	Series 2005-S1		6.00	%		12/25/2035		216,968
	101,582	Series 2006-S3(n)		6.12	%		08/25/2036		100,023
		JP Morgan BB Commercial Mortgage Securities Trust
	400,000	Series 2014-C21(f)		4.66	%		07/15/2024		395,741
	2,086,000	Series 2014-C23(f)(g)		3.36	%		10/15/2024		1,365,721
	388,000	Series 2014-C26(f)		4.38	%		12/15/2024		407,194
	4,468,304	Series 2015-C28(f)(m)		0.97	%		03/15/2025		141,726
	1,470,000	Series 2015-C28		3.99	%		03/15/2025		1,569,696
	8,723,546	Series 2015-C30(f)(m)		0.51	%		07/15/2025		174,167
	3,439,439	Series 2015-C31(f)(m)		0.83	%		08/15/2025		112,105
		JP Morgan Chase Commercial Mortgage Securities Corp.
	2,092,000	Series 2018-AON(f)(g)		4.61	%		07/05/2023		2,089,275
		JP Morgan Chase Commercial Mortgage Securities Trust
	58,174	Series 2006-LDP8(f)(m)		0.29	%		05/15/2045		1
	4,000,000	Series 2007-CH1(n)		4.83	%		11/25/2036		4,340,063
	1,157,000	Series 2011-C3(f)(g)		5.70	%		03/15/2021		353,929
	2,252,279	Series 2012-C8(f)(m)		1.75	%		09/15/2022		53,645
	1,010,000	Series 2018-WPT(f)(g)		5.54	%		07/05/2023		973,043
	887,000	Series 2019-COR4		4.44	%		12/10/2028		1,022,897
	704,000	Series 2019-MFP(f)(g)		1M US L + 3.00	%		07/15/2021		656,906
	235,000	Series 2019-UES(g)		4.34	%		05/05/2024		236,253
	1,135,000	Series 2019-UES(f)(g)		4.45	%		05/05/2024		1,070,243

Principal Amount/Description			Rate			Maturity		Value
		JP Morgan Chase Commercial Mortgage Securities Trust 2011-C5
$	1,250,000	Series 2011-C5(f)(g)		5.42	%		09/15/2021	$	1,260,863
		JP Morgan Mortgage Acquisition Corp.
	253,130	Series 2006-CH2(n)		5.46	%		09/25/2029		203,041
		JP Morgan Mortgage Acquisition Trust 2006-RM1
	4,089,139	Series 2006-RM1(f)		1M US L + 0.24	%		08/25/2036		2,343,607
		JP Morgan Mortgage Trust
	998,881	Series 2007-S3		6.00	%		07/25/2037		722,531
		JP Morgan Resecuritization Trust
	970,900	Series 2011-1(f)(g)		6.00	%		06/26/2037		902,471
		JPMBB Commercial Mortgage Securities Trust 2015-C27
	519,000	Series 2015-C27(f)		4.31	%		02/15/2025		528,838
		JPMCC Commercial Mortgage Securities Trust 2017-JP7
	486,000	Series 2017-JP7(f)		3.65	%		07/15/2027		504,597
		JPMDB Commercial Mortgage Securities Trust 2020-COR7
	421,000	Series 2020-COR7(f)		3.73	%		03/13/2030		456,394
		Laurel Road Prime Student Loan Trust 2020-A
	47,441,528	Series 2020-A(g)(j)		0.00	%		11/25/2050		2,737,613
		LB-UBS Commercial Mortgage Trust
	387,842	Series 2006-C7(f)(g)(m)		0.71	%		11/15/2038		93
		LCM 28, Ltd.
	1,000,000	Series 2018-28A(f)(g)		3M US L + 5.75	%		10/20/2030		924,882
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A(f)(g)		3M US L + 5.60	%		07/16/2031		440,474
		LCM XIV LP
	1,000,000	Series 2018-14A(f)(g)		3M US L + 2.75	%		07/20/2031		927,100
	750,000	Series 2018-14A(f)(g)		3M US L + 5.50	%		07/20/2031		651,374
		LCM XVII LP
	1,000,000	Series 2018-17A(f)(g)		3M US L + 6.00	%		10/15/2031		903,669
		LCM XX LP
	1,000,000	Series 2018-20A(f)(g)		3M US L + 5.45	%		10/20/2027		928,122
		Legacy Mortgage Asset Trust
	13,400,000	Series 2019-GS3(g)(n)		4.25	%		04/25/2059		13,292,844
		Legacy Mortgage Asset Trust 2019-GS2
	4,000,000	Series 2019-GS2(g)(n)		4.25	%		04/25/2021		3,998,824
		Legacy Mortgage Asset Trust 2019-GS4
	4,300,000	Series 2019-GS4(g)(n)		4.25	%		05/25/2059		4,302,350
		Lehman Mortgage Trust
	3,666,579	Series 2006-1(f)		5.17	%		02/25/2036		3,761,838
	495,347	Series 2006-6		5.50	%		10/25/2036		437,467
	3,850,193	Series 2006-7(f)		1M US L + 0.25	%		11/25/2036		134,604
	3,850,193	Series 2006-7(f)(m)		7.75% - 1M US L			11/25/2036		656,854
	1,356,107	Series 2006-8(f)		1M US L + 0.42	%		12/25/2036		282,168
	1,356,107	Series 2006-8(f)(m)		6.58% - 1M US L			12/25/2036		470,495
	534,961	Series 2007-10		6.00	%		01/25/2038		552,811
	307,080	Series 2007-10		6.50	%		01/25/2038		169,354
		Lehman XS Trust
	38,812	Series 2006-5(n)		6.39	%		04/25/2036		39,260

Principal Amount/Description			Rate			Maturity		Value
		MACH 1 Cayman, Ltd.
$	1,319,106	Series 2019-1(g)		3.47	%		08/15/2026	$	1,253,028
		Madison Park Funding XIV, Ltd.
	1,000,000	Series 2018-14A(f)(g)		3M US L + 2.95	%		10/22/2030		972,929
	1,000,000	Series 2018-14A(f)(g)		3M US L + 5.80	%		10/22/2030		936,783
		MBRT 2019-MBR
	584,000	Series 2019-MBR(f)(g)		1M US L + 2.55	%		11/25/2021		546,083
	1,406,000	Series 2019-MBR(f)(g)		1M US L + 2.90	%		11/25/2021		1,193,175
		Mello Warehouse Securitization Trust
	2,500,000	Series 2019-1(f)(g)		1M US L + 5.50	%		05/14/2021		2,499,796
		Merrill Lynch Alternative Note Asset Trust
	701,697	Series 2007-F1		6.00	%		03/25/2037		143,660
		Merrill Lynch Mortgage Investors Trust Series 2006-RM3
	7,257,627	Series 2006-RM3(f)		1M US L + 0.48	%		06/25/2037		2,445,374
		MFT Trust 2020-ABC
	2,010,000	Series 2020-ABC(f)(g)		3.48	%		02/10/2030		1,777,020
		MKT Mortgage Trust
	250,000	Series 2020-525M(f)(g)		2.94	%		02/12/2030		230,759
		Morgan Stanley Bank of America Merrill Lynch Trust
	3,074,415	Series 2012-C5(f)(g)(m)		1.41	%		07/15/2022		47,986
	350,000	Series 2015-C27(f)		4.52	%		11/15/2025		363,553
		Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20
	602,000	Series 2015-C20(f)		4.46	%		01/15/2025		632,771
		Morgan Stanley Capital Barclays Bank Trust 2016-MART
	1,250,000	Series 2016-MART(g)		3.31	%		09/13/2021		1,228,346
		Morgan Stanley Capital I Trust
	1,177,000	Series 2007-IQ15(f)(g)		6.15	%		06/11/2049		1,133,041
	1,288,294	Series 2016-UB11 XA(f)(m)		1.51	%		08/15/2026		78,285
	1,000,000	Series 2018-SUN(f)(g)		1M US L + 3.05	%		07/15/2035		932,595
		Morgan Stanley Capital I Trust 2017-CLS
	576,000	Series 2017-CLS(f)(g)		1M US L + 2.60	%		11/15/2034		577,100
		Morgan Stanley Mortgage Loan Trust
	1,751,303	Series 2005-3AR(f)		2.81	%		07/25/2035		1,622,131
	3,226,945	Series 2006-11		6.00	%		08/25/2036		2,847,423
	776,844	Series 2006-7(f)		4.99	%		06/25/2036		634,592
	897,126	Series 2006-7		6.00	%		06/25/2036		701,877
	397,358	Series 2007-3XS(n)		5.70	%		01/25/2047		220,908
		Morgan Stanley Re-REMIC Trust
	196,320	Series 2011-R1(f)(g)		5.94	%		02/26/2037		207,354
		Mosaic Solar Loan Trust
	111,243	Series 2017-1A(g)		4.45	%		06/20/2042		119,923
	427,567	Series 2018-1A(g)		4.01	%		08/20/2030		462,827
		Mosaic Solar Loan Trust 2020-1
	8,900,000	Series 2020-1A(g)(j)		0.00	%		04/20/2046		3,419,122
		Motel 6 Trust 2017-MTL6
	968,555	Series 2017-MTL6(f)(g)		1M US L + 4.25	%		08/15/2034		954,414
		MSCG Trust
	2,154,000	Series 2018-SELF(f)(g)		1M US L + 3.05	%		10/15/2037		2,113,131
		Natixis Commercial Mortgage Securities Trust 2018-FL1
	426,222	Series 2018-FL1(f)(g)		1M US L + 2.35	%		06/15/2035		408,498

Principal Amount/Description			Rate			Maturity		Value
		Navient Private Education Refi Loan Trust
$	500,000	Series 2018-A(g)		3.68	%		11/17/2025	$	510,725
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	1,102,710	Series 2005-AP3(f)		5.32	%		08/25/2035		720,466
		Ocagon Investment Partners 20-R, Ltd.
	1,500,000	Series 2019-4A(f)(g)		3M US L + 6.80	%		05/12/2031		1,487,025
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A(f)(g)		3M US L + 8.09	%		07/15/2030		842,880
		Octagon Investment Partners 29, Ltd.
	2,000,000	Series 2020-1A(f)(g)		3M US L + 7.25	%		01/24/2033		1,999,992
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A(f)(g)		3M US L + 2.85	%		07/25/2030		481,643
		Octagon Investment Partners 44, Ltd.
	1,000,000	Series 2019-1A(f)(g)		3M US L + 3.65	%		07/20/2032		1,001,877
		Octagon Investment Partners 47, Ltd.
	500,000	Series 2020-1A(f)(g)		3M US L + 3.35	%		04/20/2031		503,390
		Octagon Investment Partners 49, Ltd.
	625,000	Series 2021-5A(f)(g)(k)		3M US L + 6.75	%		01/15/2033		625,000
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A(f)(g)		3M US L + 3.00	%		07/17/2030		486,653
	1,000,000	Series 2018-1A(f)(g)		3M US L + 5.75	%		07/17/2030		940,106
		Octagon Investment Partners XXI, Ltd.
	1,000,000	Series 2019-1A(f)(g)		3M US L + 7.00	%		02/14/2031		1,000,643
		Octagon Investment Partners XXII, Ltd.
	970,000	Series 2018-1A(f)(g)		3M US L + 1.90	%		01/22/2030		955,358
	500,000	Series 2018-1A(f)(g)		3M US L + 5.45	%		01/22/2030		450,087
		OHA Credit Funding 1, Ltd.
	500,000	Series 2018-1A(f)(g)		3M US L + 3.05	%		10/20/2030		489,261
		OHA Credit Funding 3, Ltd.
	1,000,000	Series 2019-3A(f)(g)		3.55% - 3M US L			07/20/2032		1,003,516
		OHA Credit Funding 5, Ltd.
	2,000,000	Series 2020-5A(f)(g)		3M US L + 6.25	%		04/18/2033		1,957,730
		One Market Plaza Trust
	1,211,000	Series 2017-1MKT(g)		4.14	%		02/10/2024		1,234,123
		Pagaya AI Debt Selection Trust 2020-3
	2,500,000	Series 2020-3(g)		6.43	%		05/17/2027		2,533,175
		PHH Alternative Mortgage Trust
	769,971	Series 2007-2		6.00	%		05/25/2037		763,632
		PR Mortgage Loan Trust
	9,506,993	Series 2014-1(f)(g)		5.91	%		09/25/2047		9,406,618
		Pretium Mortgage Credit Partners I 2020-NPL3 LLC
	699,276	Series 2020-NPL3(g)(n)		3.11	%		10/27/2023		701,856
		Prime Mortgage Trust
	22,183	Series 2006-1		5.50	%		06/25/2036		22,119
	75,554	Series 2006-DR1(g)		5.50	%		05/25/2035		63,704

Principal Amount/Description			Rate			Maturity		Value
		Primose Funding LLC
$	990,000	Series 2019-1A(g)		4.48	%		07/30/2026	$	1,028,571
		PRPM 2019-4 LLC
	2,511,774	Series 2019-4A(g)(n)		3.35	%		11/25/2024		2,524,765
		PRPM LLC
	13,000,000	Series 2020-1A(g)(n)		3.97	%		02/25/2023		12,915,897
		RBSGC Structured Trust
	170,367	Series 2008-B(g)		6.00	%		06/25/2037		171,277
		Residential Accredit Loans, Inc.
	1,390,879	Series 2005-QS17		6.00	%		12/25/2035		1,384,393
	4,096,816	Series 2006-QA5(f)		1M US L + 0.22	%		07/25/2036		2,388,190
	2,015,147	Series 2006-QS10		6.50	%		08/25/2036		2,049,965
	729,331	Series 2006-QS4		6.00	%		04/25/2036		709,410
	1,167,056	Series 2006-QS6		6.00	%		06/25/2036		1,138,959
	1,299,711	Series 2006-QS7		6.00	%		06/25/2036		1,243,188
	68,328	Series 2006-QS7(f)		1M US L + 0.40	%		06/25/2036		47,716
	204,985	Series 2006-QS7(f)(m)		5.60% - 1M US L			06/25/2036		30,864
	82,255	Series 2006-QS8(f)		1M US L + 0.45	%		08/25/2036		57,882
	246,766	Series 2006-QS8(f)(m)		5.55% - 1M US L			08/25/2036		39,366
	1,900,177	Series 2007-QS3		6.50	%		02/25/2037		1,865,271
	53,409	Series 2007-QS6		6.25	%		04/25/2037		52,687
	7,525	Series 2007-QS6(f)		55.00% - 8.33 x 1M US L			04/25/2037		14,326
	2,743,781	Series 2007-QS9		6.50	%		07/25/2037		2,580,618
	310,166	Series 2008-QR1		6.00	%		08/25/2036		261,952
		Residential Asset Securitization Trust
	454,113	Series 2006-A1		6.00	%		04/25/2036		325,563
	973,505	Series 2006-A2		6.00	%		05/25/2036		625,601
	894,677	Series 2006-A6		6.50	%		07/25/2036		426,972
	319,515	Series 2006-A8		6.00	%		08/25/2036		268,779
	151,065	Series 2006-A8		6.50	%		08/25/2036		76,411
	319,845	Series 2006-A8(f)(m)		5.90% - 1M US L			08/25/2036		102,515
	1,430,721	Series 2007-A1		6.00	%		03/25/2037		846,499
	71,100	Series 2007-A6		6.00	%		06/25/2037		59,784
	2,665,834	Series 2007-A7		6.00	%		07/25/2037		1,525,127
		Residential Funding Mortgage Securities I Trust
	711,148	Series 2006-S3		5.50	%		03/25/2036		687,692
	1,203,391	Series 2006-S6		6.00	%		07/25/2036		1,200,907
	288,160	Series 2007-S3		6.00	%		03/25/2037		260,344
	216,057	Series 2007-S6		6.00	%		06/25/2037		215,055
		Sapphire Aviation Finance I, Ltd.
	2,690,005	Series 2018-1A(g)		5.93	%		03/15/2025		2,165,970
		Sapphire Aviation Finance II, Ltd.
	450,929	Series 2020-1A(g)		3.23	%		03/15/2027		437,804
		Sequoia Mortgage Trust
	1,635,245	Series 2007-3(f)		3.23	%		07/20/2037		1,494,945
		SG Commercial Mortgage Securities Trust 2016-C5
	604,000	Series 2016-C5		3.93	%		06/10/2026		631,399
		SMB Private Education Loan Trust
	414,954	Series 2018-B(f)(g)		1M US L + 0.72	%		08/15/2027		415,001
		Sofi Professional Loan Program 2018-C Trust
	80,000	Series 2018-C(g)(j)		0.00	%		01/25/2048		2,573,778

Principal Amount/Description			Rate			Maturity		Value
		SoFi Professional Loan Program Trust
$	50,000	Series 2020-A(g)(j)		0.00	%		05/15/2046	$	3,116,454
		Sofi Professional Loan Program, LLC
	32,412	Series 2018-A(g)(j)		0.00	%		02/25/2042		1,438,401
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D(g)		3.61	%		09/25/2040		312,764
	56,034	Series 2019-B(g)(j)		0.00	%		08/17/2048		1,591,484
		Sprite, Ltd.
	321,594	Series 2017-1(g)		4.25	%		12/15/2024		303,443
		Stack Infrastructure Issuer LLC
	981,667	Series 2019-1A(g)		4.54	%		02/26/2024		1,053,792
	750,000	Series 2019-2A(g)		3.08	%		10/25/2024		780,680
		Start, Ltd.
	721,702	Series 2018-1(g)		4.09	%		05/15/2025		704,940
	785,954	Series 2019-1(g)		4.09	%		03/15/2026		760,660
		Structured Adjustable Rate Mortgage Loan Trust
	683,599	Series 2005-15(f)		3.17	%		07/25/2035		512,709
		Structured Asset Securities Corp.
	191,782	Series 2005-RF1(f)(g)		1M US L + 0.35	%		03/25/2035		171,727
	191,782	Series 2005-RF1(f)(g)(m)		4.67	%		03/25/2035		32,066
		Sunnova Sol Issuer LLC
	984,088	Series 2020-1A(g)		3.35	%		01/30/2030		1,045,354
		Sunrun Atlas Issuer LLC
	1,219,472	Series 2019-2(g)		3.61	%		10/30/2027		1,307,726
		TBW Mortgage-Backed Trust
	1,371,554	Series 2006-2		7.00	%		07/25/2036		470,971
		Textainer Marine Containers VII, Ltd.
	433,333	Series 2019-1A(g)		3.96	%		10/20/2026		439,807
		Thunderbolt II Aircraft Lease, Ltd.
	4,464,286	Series 2018-A(g)(n)		5.07	%		09/15/2038		3,713,683
		Towd Point Mortgage Trust 2019-SJ2
	3,310,000	Series 2019-SJ2(f)(g)		4.25	%		11/25/2058		3,381,981
		Trimaran Cavu 2019-1, Ltd.
	1,700,000	Series 2019-1A(f)(g)		3M US L + 4.15	%		07/20/2032		1,699,550
		TRIP Rail Master Funding, LLC
	99,970	Series 2017-1A(g)		2.71	%		07/15/2021		100,222
		UBS Commercial Mortgage Trust
	464,000	Series 2017-C6(f)		4.15	%		12/15/2027		510,408
		UBS Commercial Mortgage Trust 2018-C10
	520,000	Series 2018-C10(f)		5.09	%		05/15/2028		581,888
		UBS Commercial Mortgage Trust 2018-C9
	928,000	Series 2018-C9(f)		4.88	%		03/15/2028		980,123
		UBS-Barclays Commercial Mortgage Trust
	989,000	Series 2013-C5(f)(g)		4.10	%		02/10/2023		623,378
		Upstart Pass-Through Trust Series 2021-ST1
	500,000	Series 2021-ST1(g)(k)		2.75	%		02/20/2027		500,701
		Upstart Securitization Trust 2020-3
	250,000	Series 2020-3(g)		3.01	%		11/20/2030		254,802
		VB-S1 Issuer LLC
	500,000	Series 2020-1A(g)		3.03	%		06/15/2025		525,379

Principal Amount/Description			Rate			Maturity		Value
		VB-S1 Issuer, LLC
$	3,000,000	Series 2018-1A(g)		5.25	%		02/15/2023	$	3,082,438
		VCC 2020-MC1 Trust
	7,682,050	Series 2020-MC1(f)(g)		4.50	%		06/25/2045		7,678,371
		Velocity Commercial Capital Loan Trust
	587,201	Series 2018-2(f)(g)		4.05	%		09/25/2024		617,942
	1,303,644	Series 2019-1(f)(g)		3.94	%		01/25/2027		1,350,722
	397,711	Series 2019-1(f)(g)		4.01	%		07/25/2027		406,464
	394,913	Series 2019-1(f)(g)		4.12	%		11/25/2027		400,268
		Vericrest Opportunity Loan Trust 2019-NPL7
	122,878	Series 2019-NPL7(g)(n)		3.18	%		10/25/2049		123,187
		Wachovia Bank Commercial Mortgage Trust
	37,739	Series 2006-C29(f)(m)(o)		0.27	%		11/15/2048		0
		Wachovia Mortgage Loan Trust, LLC Series Trust
	380,563	Series 2005-B(f)		2.69	%		10/20/2035		365,612
		Washington Mutual Alternative Mortgage Pass-Through Certificates
	1,236,943	Series 2005-1		6.00	%		03/25/2035		1,247,926
	52,626	Series 2005-9		5.50	%		11/25/2035		46,446
	414,355	Series 2006-5		6.00	%		07/25/2036		362,286
		Washington Mutual Mortgage Pass-Through Certificates Trust
	811,883	Series 2006-2		6.00	%		03/25/2036		840,390
		WAVE LLC
	935,759	Series 2019-1(g)		3.60	%		09/15/2027		914,986
	983,502	Series 2019-1(g)		6.41	%		09/15/2027		605,109
		Wells Fargo Alternative Loan Trust
	369,596	Series 2007-PA2(f)		1M US L + 0.43	%		06/25/2037		298,193
	369,596	Series 2007-PA2(f)(m)		6.07% - 1M US L			06/25/2037		49,509
	168,088	Series 2007-PA3		5.75	%		07/25/2037		167,504
	527,247	Series 2007-PA3		6.25	%		07/25/2037		525,760
	2,671,044	Series 2007-PA5		6.25	%		11/25/2037		2,651,843
		Wells Fargo Commercial Mortgage Trust
	158,000	Series 2014-LC16(g)		3.94	%		06/15/2024		82,278
	520,000	Series 2015-NXS4(f)		4.70	%		11/15/2025		562,674
	1,000,000	Series 2016-C33(g)		3.12	%		03/15/2059		901,064
	5,628,945	Series 2016-C37(f)(g)(m)		1.60	%		12/15/2049		379,549
	695,000	Series 2016-LC25(f)		4.42	%		11/15/2026		782,680
	518,000	Series 2018-C45		4.73	%		06/15/2028		565,256
	523,000	Series 2018-C47(f)		4.94	%		10/15/2028		535,663
	436,000	Series 2018-C48(f)		5.12	%		12/15/2028		487,539
	901,000	Series 2019-C49		4.55	%		02/15/2029		1,033,838
	356,000	Series 2019-C49(f)		4.87	%		02/15/2029		391,306
		Wells Fargo Commercial Mortgage Trust 2015-C28
	1,895,000	Series 2015-C28(f)		4.09	%		05/15/2025		1,854,476
		Wells Fargo Commercial Mortgage Trust 2015-NXS4
	1,245,000	Series 2015-NXS4(f)		3.70	%		11/15/2025		1,157,544
		Wells Fargo Commercial Mortgage Trust 2016-NXS6
	356,000	Series 2016-NXS6		3.81	%		11/15/2049		381,733

Principal Amount/Description			Rate			Maturity		Value
		Wells Fargo Commercial Mortgage Trust 2020-C55
$	613,000	Series 2020-C55		3.14	%		02/15/2030	$	653,721
		WF-RBS Commercial Mortgage Trust
	1,970,331	Series 2012-C9(f)(g)(m)		1.88	%		11/15/2045		49,792
	3,490,640	Series 2014-C21(f)(m)		1.03	%		08/15/2047		101,201
	4,254,662	Series 2014-C22(f)(m)		0.81	%		09/15/2057		99,457
	636,000	Series 2014-C23(f)(g)		4.00	%		10/15/2057		613,390
		Willis Engine Structured Trust V
	946,744	Series 2020-A(g)		3.23	%		03/15/2028		835,048
	2,258,847	Zephyrus Capital Aviation Tl					10/15/2038		2,130,734
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $486,813,282)									465,821,353
U.S. GOVERNMENT BONDS AND NOTES - 6.93%
	5,870,000	U.S. Treasury Bonds		2.25	%		11/15/2027		6,516,044
	7,800,000	U.S. Treasury Bonds		0.63	%		05/15/2030		7,622,062
	7,960,000	U.S. Treasury Bonds		0.88	%		11/15/2030		7,930,150
	3,620,000	U.S. Treasury Bonds		4.75	%		02/15/2037		5,513,854
	6,700,000	U.S. Treasury Bonds		1.13	%		08/15/2040		6,334,641
	390,000	U.S. Treasury Bonds		2.75	%		11/15/2042		482,518
	3,930,000	U.S. Treasury Bonds		2.75	%		11/15/2047		4,923,400
	2,300,000	U.S. Treasury Bonds		1.25	%		05/15/2050		2,082,398
	5,590,000	U.S. Treasury Bonds		1.63	%		11/15/2050		5,558,120
	6,260,000	U.S. Treasury Notes		0.13	%		06/30/2022		6,261,223
	630,000	U.S. Treasury Notes		0.25	%		11/15/2023		631,772
	5,870,000	U.S. Treasury Notes		2.13	%		09/30/2024		6,283,881
	5,820,000	U.S. Treasury Notes		2.25	%		10/31/2024		6,266,276
	3,590,000	U.S. Treasury Notes		2.75	%		02/28/2025		3,957,133
	5,740,000	U.S. Treasury Notes		3.00	%		09/30/2025		6,459,294
	12,160,000	U.S. Treasury Notes		0.38	%		11/30/2025		12,175,200
	780,000	U.S. Treasury Notes		2.63	%		01/31/2026		868,725
	4,820,000	U.S. Treasury Notes		2.25	%		03/31/2026		5,286,184
	5,740,000	U.S. Treasury Notes		1.63	%		10/31/2026		6,121,172
	6,890,000	U.S. Treasury Notes		0.50	%		06/30/2027		6,860,125
	750,000	U.S. Treasury Notes		0.50	%		10/31/2027		743,906
	17,110,000	U.S. Treasury Notes		0.63	%		11/30/2027		17,101,980
TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $124,873,926)									125,980,058
MUNICIPAL BONDS - 0.02%
	120,000	Missouri Highway & Transportation Commission, Revenue Bonds		5.06	%		05/01/2024		136,656
	165,000	State of California, General Obligation Bonds		7.55	%		04/01/2039		290,058
TOTAL MUNICIPAL BONDS
(Cost $364,366)									426,714
U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 15.93%
		Banc of America Funding
	3,033,536	Series 2007-A(f)		1M US L + 0.21	%		02/20/2047		2,808,537

Principal Amount/Description			Rate			Maturity		Value
		Banc of America Funding 2014-R8 Trust
$	2,263,949	Series 2014-R8(f)(g)		1M US L + 0.24	%		12/26/2024	$	2,128,608
		Chase Mortgage Finance Trust
	5,218,496	Series 2007-S4		6.00	%		06/25/2037		3,546,059
		ChaseFlex Trust Series
	5,006,591	Series 2007-M1(f)		1M US L + 0.23	%		08/25/2037		3,923,491
		Citigroup Mortgage Loan Trust
	9,590,900	Series 2018-A(f)(g)		4.25	%		01/25/2068		9,571,182
		Connecticut Avenue Securities Trust
	5,000,000	Series 2019-R05(f)(g)		1M US L + 4.10	%		07/25/2039		5,054,349
		Deephaven Residential Mortgage Trust
	6,613,000	Series 2020-1(f)(g)		3.66	%		03/25/2024		6,642,044
	4,000,000	Series 2020-1(f)(g)		4.54	%		03/25/2024		3,995,845
		Fannie Mae Interest Strip
	10,894,591	Series 2014-419(m)		3.50	%		04/25/2044		1,626,433
		Fannie Mae Pool
	3,000,000	Series 2018		3.50	%		04/01/2030		3,496,591
	4,288,663	Series 2020		1.50	%		10/01/2035		4,413,508
	1,972,241	Series 2020		2.00	%		10/01/2040		2,053,479
	7,307,249	Series 2020		2.00	%		10/01/2050		7,559,077
	3,444,221	Series 2020		2.50	%		10/01/2050		3,634,417
	3,000,000	Series Pool #BL4424		2.14	%		10/01/2029		3,236,971
	3,000,000	Series Pool #BL5156		2.37	%		12/01/2029		3,284,015
		Fannie Mae REMICS
	10,211,910	Series 2014-1(f)(m)		5.90% - 1M US L			02/25/2044		1,971,388
	12,233,099	Series 2015-54(f)(m)		6.15% - 1M US L			07/25/2045		2,284,099
	4,038,807	Series 2020-45		3.00	%		07/25/2040		4,270,422
	12,623,119	Series 2020-74(f)(m)		4.10% - 30D US SOFR			10/25/2050		1,408,149
	24,795,440	Series 2020-77(f)(m)		4.10% - 30D US SOFR			11/25/2050		3,125,998
		Federal Home Loan Mortgage Corp. Pool
	203,188	Series Pool #G01840		5.00	%		07/01/2035		236,330
	75,462	Series Pool #G04817		5.00	%		09/01/2038		87,772
		Federal Home Loan Mortgage Corp. REMICS
	976,255	Series 2003-2722(f)		9.89% - 1M US L			12/15/2033		1,245,233
	187,555	Series 2005-R003		5.50	%		10/15/2035		218,384
	1,388,562	Series 2006-3244(f)(m)		6.66% - 1M US L			11/15/2036		326,610
	68,708	Series 2007-3261(f)(m)		6.43% - 1M US L			01/15/2037		15,667
	158,909	Series 2007-3262(f)(m)		6.40% - 1M US L			01/15/2037		22,969
	677,175	Series 2007-3301(f)(m)		6.10% - 1M US L			04/15/2037		131,932
	469,835	Series 2007-3303(f)(m)		6.10% - 1M US L			04/15/2037		93,651
	131,420	Series 2007-3382(f)(m)		6.00% - 1M US L			11/15/2037		18,286
	384,999	Series 2007-3384(f)(m)		6.31% - 1M US L			08/15/2036		82,706
	108,799	Series 2007-3384(f)(m)		6.39% - 1M US L			11/15/2037		15,138
	148,377	Series 2008-3417(f)(m)		6.18% - 1M US L			02/15/2038		19,622
	3,704,028	Series 2008-3423(f)(m)		6.00% - 1M US L			03/15/2038		30,749
	194,931	Series 2008-3423(f)(m)		5.65% - 1M US L			03/15/2038		24,421
	1,433,597	Series 2009-3510(f)(m)		6.75% - 1M US L			02/15/2037		287,313
	365,273	Series 2009-3523(f)(m)		6.00% - 1M US L			04/15/2039		64,488
	68,692	Series 2009-3524(m)		3.51	%		06/15/2038		74,010
	10,581	Series 2009-3549(f)(m)		5.80% - 1M US L			07/15/2039		1,394
	774,043	Series 2009-3560(f)(m)		6.40% - 1M US L			11/15/2036		132,225
	282,560	Series 2010-3641		4.50	%		03/15/2040		322,836

Principal Amount/Description			Rate			Maturity		Value
$	393,619	Series 2010-3726(f)(m)		6.05% - 1M US L			09/15/2040	$	77,815
	1,601,943	Series 2010-3728(f)(m)		4.45% - 1M US L			09/15/2040		211,294
	607,230	Series 2010-3779		3.50	%		12/15/2030		658,851
	117,342	Series 2010-3779		4.00	%		12/15/2030		129,017
	413,966	Series 2010-3779		4.50	%		12/15/2040		454,529
	64,167	Series 2011-3786(f)		9.50% - 1M US L			01/15/2041		71,356
	845,164	Series 2011-3795		4.00	%		01/15/2041		915,698
	53,661	Series 2011-3798(f)		9.50% - 1M US L			11/15/2040		59,472
	392,370	Series 2011-3808		3.50	%		02/15/2031		423,054
	39,198	Series 2011-3809(f)		9.50% - 1M US L			02/15/2041		49,200
	755,443	Series 2011-3815(f)(m)		5.85% - 1M US L			02/15/2041		150,159
	323,664	Series 2011-3824		3.50	%		03/15/2031		351,095
	395,843	Series 2011-3824(f)(m)		7.10% - 1M US L			08/15/2036		94,906
	433,694	Series 2011-3863		5.50	%		08/15/2034		496,047
	513,954	Series 2011-3864(f)		9.20% - 1M US L			05/15/2041		606,837
	501,156	Series 2011-3871		5.50	%		06/15/2041		584,145
	488,498	Series 2011-3872(f)(m)		5.95% - 1M US L			06/15/2041		91,057
	2,861,639	Series 2011-3910		5.00	%		08/15/2041		3,356,586
	2,186,204	Series 2011-3924(f)(m)		6.00% - 1M US L			09/15/2041		354,817
	77,160	Series 2011-3925(m)		3.00	%		09/15/2021		210
	2,993,386	Series 2012-3(f)(m)		5.95% - 1M US L			02/25/2042		570,096
	2,616,118	Series 2013-4170(f)		4.05% - 1M US L			01/15/2033		2,725,025
	10,853,955	Series 2013-4218		2.50	%		02/15/2043		11,320,681
	4,671,129	Series 2013-4239(j)		0.00	%		07/15/2043		4,041,061
	4,880,352	Series 2014-4413		3.50	%		11/15/2044		5,160,498
	3,572,958	Series 2015-4434		3.00	%		02/15/2045		3,956,473
	3,470,484	Series 2015-4440		2.50	%		02/15/2045		3,672,418
		Federal Home Loan Mortgage Corp. Strips
	2,073,911	Series 2017-358		3.00	%		10/15/2047		2,171,414
		Federal National Mortgage Association Pool
	57,461	Series Pool #555743		5.00	%		09/01/2033		66,245
	69,037	Series Pool #735382		5.00	%		04/01/2035		80,235
	185,592	Series Pool #735383		5.00	%		04/01/2035		215,537
	122,139	Series Pool #735484		5.00	%		05/01/2035		141,852
	45,027	Series Pool #AH4437		4.00	%		01/01/2041		47,337
		Federal National Mortgage Association REMICS
	63,195	Series 2004-46(f)(m)		6.00% - 1M US L			03/25/2034		6,537
	227,802	Series 2006-101(f)(m)		6.58% - 1M US L			10/25/2036		50,100
	664,871	Series 2006-123(f)(m)		6.32% - 1M US L			01/25/2037		137,200
	3,161,527	Series 2006-92(f)(m)		6.58% - 1M US L			10/25/2036		665,890
	82,950	Series 2007-102(f)(m)		6.40% - 1M US L			11/25/2037		17,387
	78,162	Series 2007-108(f)(m)		6.36% - 1M US L			12/25/2037		11,267
	15,317	Series 2007-30(f)(m)		6.11% - 1M US L			04/25/2037		2,412
	351,878	Series 2007-38(f)(m)		6.08% - 1M US L			05/25/2037		40,403
	11,108	Series 2007-51(f)(m)		6.10% - 1M US L			06/25/2037		1,659
	36,865	Series 2007-53(f)(m)		6.10% - 1M US L			06/25/2037		4,383
	450,625	Series 2007-57(f)(m)		6.62% - 1M US L			10/25/2036		88,600
	90,744	Series 2007-68(f)(m)		6.65% - 1M US L			07/25/2037		14,865
	552,255	Series 2008-3(f)(m)		6.46% - 1M US L			02/25/2038		123,054
	159,626	Series 2008-56(f)(m)		6.06% - 1M US L			07/25/2038		20,207
	28,217	Series 2008-81		5.50	%		09/25/2038		32,075
	255,016	Series 2009-111		5.00	%		01/25/2040		292,803
	126,148	Series 2009-111(f)(m)		6.25% - 1M US L			01/25/2040		22,157
	921,850	Series 2009-12(f)(m)		6.60% - 1M US L			03/25/2036		160,091
	28,588	Series 2009-28(f)(m)		6.00% - 1M US L			04/25/2037		4,695

Principal Amount/Description			Rate			Maturity		Value
$	341,452	Series 2009-41		4.50	%		06/25/2039	$	372,408
	75,777	Series 2009-42(f)(m)		6.00% - 1M US L			06/25/2039		12,054
	165,475	Series 2009-47(f)(m)		6.10% - 1M US L			07/25/2039		25,648
	95,026	Series 2009-62(f)(m)		6.10% - 1M US L			08/25/2039		12,294
	57,791	Series 2009-66(f)(m)		5.80% - 1M US L			02/25/2038		9,562
	41,058	Series 2009-68(f)(m)		5.25% - 1M US L			09/25/2039		5,140
	169,497	Series 2010-11(f)(m)		4.80% - 1M US L			02/25/2040		18,659
	35,304	Series 2010-111(f)(m)		6.00% - 1M US L			10/25/2040		5,255
	82,631	Series 2010-112		4.00	%		10/25/2040		86,047
	113,633	Series 2010-115(f)(m)		6.60% - 1M US L			11/25/2039		20,339
	1,663,206	Series 2010-115(f)(m)		6.00% - 1M US L			10/25/2040		397,981
	3,838,414	Series 2010-123(f)(m)		6.05% - 1M US L			11/25/2040		790,485
	657,216	Series 2010-15(f)(m)		4.95% - 1M US L			03/25/2040		99,179
	63,043	Series 2010-34(f)(m)		4.93% - 1M US L			04/25/2040		7,405
	54,432	Series 2010-4(f)(m)		6.23% - 1M US L			02/25/2040		9,597
	77,369	Series 2010-58(f)		12.47% - 1M US L			06/25/2040		97,463
	2,280,244	Series 2010-75		4.50	%		07/25/2040		2,555,427
	187,959	Series 2010-9(f)(m)		4.75% - 1M US L			02/25/2040		20,841
	46,636	Series 2010-9(f)(m)		5.30% - 1M US L			02/25/2040		6,598
	12,233	Series 2010-90(f)(m)		6.00% - 1M US L			08/25/2040		1,625
	314,018	Series 2011-16		3.50	%		03/25/2031		340,168
	463,575	Series 2011-25		3.00	%		04/25/2026		482,941
	335,993	Series 2011-29		3.50	%		04/25/2031		361,062
	237,922	Series 2011-5(f)(m)		6.40% - 1M US L			11/25/2040		14,743
	3,120,399	Series 2012-106(f)(m)		6.16% - 1M US L			10/25/2042		637,591
	988,981	Series 2012-124(f)		7.79% - 1M US L			11/25/2042		1,200,796
	9,795,601	Series 2012-128(f)		6.00% - 1M US L			11/25/2042		10,550,961
	185,068	Series 2012-29(f)(m)		6.00% - 1M US L			04/25/2042		34,998
	660,866	Series 2012-32(m)		5.00	%		04/25/2042		103,509
	3,048,944	Series 2012-65(f)(m)		5.98% - 1M US L			06/25/2042		509,944
	1,657,938	Series 2013-19(f)		5.40% - 1M US L			03/25/2043		1,746,539
	7,600,024	Series 2013-51(f)		5.40% - 1M US L			04/25/2043		7,671,632
	653,301	Series 2015-59		3.00	%		06/25/2041		657,305
	10,604,491	Series 2015-79		3.00	%		11/25/2045		11,262,746
	1,420,477	Series 2015-9		3.00	%		01/25/2045		1,525,331
	1,354,565	Series 2016-72		3.00	%		10/25/2046		1,350,180
	1,764,892	Series 2018-21(j)		0.00	%		04/25/2048		1,629,187
	1,444,290	Series 2018-27		3.00	%		12/25/2047		1,515,381
	1,788,051	Series 2018-36		3.00	%		06/25/2048		1,882,065
	3,103,048	Series 2019-12		3.00	%		04/25/2049		3,289,720
		FMC GMSR Issuer Trust
	500,000	Series 2019-GT1(f)(g)		5.66	%		05/25/2024		484,860
	5,000,000	Series 2019-GT2(f)(g)		4.72	%		09/25/2024		4,459,842
		Freddie Mac Pool
	4,803,606	Series 2020-		2.00	%		08/01/2050		4,991,131
	1,960,995	Series 2020-		2.00	%		10/01/2050		2,015,334
		Freddie Mac REMICS
	4,408,341	Series 2011-3972(f)(m)		5.90% - 1M US L			12/15/2041		799,746
	4,507,324	Series 2017-4703		3.50	%		07/15/2047		4,923,188
	5,584,726	Series 2020-5041(m)		2.00	%		11/25/2050		450,220
		Government National Mortgage Association
	47,742	Series 2004-83(f)(m)		6.08% - 1M US L			10/20/2034		8,401
	40,870	Series 2008-6(f)(m)		6.46% - 1M US L			02/20/2038		7,073
	38,750	Series 2008-67(f)(m)		6.00% - 1M US L			08/20/2038		6,353
	608,852	Series 2008-69(f)(m)		7.63% - 1M US L			08/20/2038		141,918
	57,814	Series 2009-10(f)(m)		6.65% - 1M US L			02/16/2039		12,681
	743,189	Series 2009-35		4.50	%		05/20/2039		808,561

Principal Amount/Description			Rate			Maturity		Value
$	3,017,911	Series 2009-58(f)(m)		6.25% - 1M US L			06/20/2039	$	469,241
	43,571	Series 2009-6(f)(m)		5.95% - 1M US L			02/20/2038		5,386
	1,379,969	Series 2009-75		5.00	%		09/20/2039		1,575,233
	3,249,168	Series 2010-121(f)(m)		6.00% - 1M US L			09/20/2040		596,456
	57,358	Series 2010-61(f)(m)		6.55% - 1M US L			09/20/2039		10,087
	102,062	Series 2010-98(f)(m)		5.65	%		03/20/2039		10,742
	2,309,191	Series 2011-148		3.50	%		11/16/2041		2,505,996
	455,438	Series 2011-69(j)		0.00	%		05/20/2041		439,513
	1,389,655	Series 2011-71		4.50	%		02/20/2041		1,555,500
	931,704	Series 2011-71(f)(m)		5.40% - 1M US L			05/20/2041		153,207
	289,356	Series 2011-72(f)(m)		6.15% - 1M US L			05/20/2041		64,949
	1,473,001	Series 2011-89(f)(m)		5.45% - 1M US L			06/20/2041		276,611
	62,722	Series 2012-105(f)(m)		6.20% - 1M US L			01/20/2041		848
	3,735,024	Series 2013-113(f)(m)		6.25% - 1M US L			03/20/2043		460,321
	5,479,474	Series 2013-122(f)(m)		6.10% - 1M US L			08/16/2043		964,012
	3,545,698	Series 2013-148(f)(m)		5.68% - 1M US L			10/16/2043		800,098
	5,642,489	Series 2013-186(f)(m)		6.25% - 1M US L			02/16/2043		859,036
	3,553,105	Series 2014-156(f)(m)		6.25% - 1M US L			10/20/2044		689,040
	6,900,989	Series 2014-4(f)(m)		6.10% - 1M US L			01/16/2044		1,226,990
	8,307,706	Series 2014-41(f)(m)		6.10% - 1M US L			03/20/2044		1,706,984
	4,519,939	Series 2014-5(f)(m)		6.15% - 1M US L			07/20/2043		609,812
	4,965,922	Series 2014-95(f)(m)		6.25% - 1M US L			06/16/2044		995,915
	13,122,282	Series 2015-80(f)(m)		6.25% - 1M US L			06/20/2045		2,979,413
	13,395,470	Series 2018-97(f)(m)		6.20% - 1M US L			07/20/2048		1,779,744
	18,653,337	Series 2019-22(f)(m)		5.60% - 1M US L			02/20/2045		3,858,454
	13,852,417	Series 2019-92(f)(m)		6.10% - 1M US L			07/20/2049		1,990,513
	15,828,039	Series 2020-112(f)(m)		6.25% - 1M US L			08/20/2050		3,003,565
	9,896,864	Series 2020-133(f)(m)		6.25% - 30D US SOFR			09/20/2050		2,385,044
	19,921,840	Series 2020-146(f)(m)		6.30% - 1M US L			10/20/2050		4,090,440
	19,513,951	Series 2020-47(f)(m)		6.00% - 1M US L			05/20/2044		3,751,442
		Homeward Opportunities Fund Trust 2020-BPL1
	1,000,000	Series 2020-BPL1(g)(n)		5.44	%		08/25/2025		1,007,770
		JP Morgan Resecuritization Trust
	3,128,486	Series 2014-6(f)(g)		1M US L + 0.21%			07/27/2046		2,930,031
		Legacy Mortgage Asset Trust
	13,310,000	Series 2019-GS7(g)(n)		4.50	%		11/25/2059		13,312,888
		LHOME Mortgage Trust
	4,250,000	Series 2020-RTL1(g)(n)		3.72	%		10/25/2022		4,149,028
	3,750,000	Series 2020-RTL1(g)(n)		4.95	%		10/25/2022		3,384,896
		Mello Warehouse Securitization Trust
	3,500,000	Series 2019-1(f)(g)		1M US L + 3.50%			05/14/2021		3,503,099
	5,680,000	Series 2019-2(f)(g)		1M US L + 3.25%			10/25/2021		5,683,799
		Morgan Stanley Residential Mortgage Loan Trust 2020-RPL1
	577,858	Series 2020-RPL1(f)(g)		2.69	%		10/25/2023		582,390
		New Residential Mortgage Loan Trust 2019-NQM3
	3,700,000	Series 2019-NQM3(f)(g)		4.65	%		08/25/2024		3,866,082
		PRPM 2020-3 LLC
	3,400,000	Series 2020-3(g)(n)		5.07	%		09/25/2025		3,422,305
		Residential Mortgage Loan Trust
	3,250,000	Series 2020-1(f)(g)		4.67	%		02/25/2024		3,218,586
		Toorak Mortgage Corp., Ltd.
	3,500,000	Series 2019-2(n)		4.21	%		09/25/2022		3,482,084

Principal Amount/Description			Rate			Maturity		Value
		Verus Securitization Trust 2019-INV3
$	2,300,000	Series 2019-INV3(f)(g)		3.28	%		11/25/2059	$	2,362,475
TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $340,538,068)									289,637,339

Shares/Description			Value
Warrants - 0.00%(b)
	219,520	Oas SA, Strike Price 1.00, Expires 05/16/2039(l)		0
TOTAL WARRANTS
(Cost $0)				0
SHORT-TERM INVESTMENTS - 10.10%
Money Market Fund - 9.90%
	180,125,365	State Street Institutional Trust (7 Day Yield 0.01%)		180,125,365

Principal Amount/Description			Rate			Maturity		Value
U.S. Treasury - 0.20%
	3,170,000	United States Treasury Bill(j)(p)		0.00	%		03/25/2021		3,169,542
	415,000	United States Treasury Bill(j)(p)		0.00	%		05/06/2021		414,898
									3,584,440
TOTAL SHORT-TERM INVESTMENTS
(Cost $183,709,654)									183,709,805
TOTAL INVESTMENTS - 99.82%
(Cost $1,854,539,759)								$	1,815,504,849
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.18%									3,245,746
NET ASSETS - 100.00%								$	1,818,750,595

Investment Abbreviations:

LIBOR - London Interbank Offered Rate

SOFR - Secured Overnight Financing Rate Data

TI - Treasury Index

Libor Rates:

1M US L - 1 Month LIBOR as of December 31, 2020 was 0.14%

2M US L - 2 Month LIBOR as of December 31, 2020 was 0.23%

3M US L - 3 Month LIBOR as of December 31, 2020 was 0.24%

1D SOFR - 1 Day SOFR as of December 31, 2020 was 0.07%

30D SOFR - 30 Day SOFR as of December 31, 2020 was 0.07%

1Y US TI - 1 Year TI as of December 31, 2020 was 0.10%

5Y US TI - 5 Year TI as of December 31, 2020 was 0.36%

10Y US TI - 10 Year TI as of December 31, 2020 was 0.93%

(a)	Less than 0.005%.
(b)	Non-income producing security.
(c)	Affiliated company. See Note 6 to Notes to Quarterly Schedule of Investments.

(d)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
(e)	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 December 31, 2020, the aggregate fair value of those securities was $39,226,484, representing 2.16% of net assets.
(f)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 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 $496,406,411, which represents approximately 27.29% of net assets as of December 31, 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)	All or a portion of this position has not settled as of December 31, 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.
(l)	The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.
(m)	Interest only securities.
(n)	Step up bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at December 31, 2020.
(o)	Security does not have a market value or rate. Security will not be entitled to distributions in respect of principal or interest other than excess interest paid with respect to the mortgage loans.
(p)	Rate shown represents the bond equivalent yield to maturity at date of purchase.

See Notes to Quarterly Schedule of Investments.

RiverNorth/Oaktree High Income Fund

SCHEDULE OF INVESTMENTS

December 31, 2020 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 4.33%
	14,698	BlackRock Debt Strategies Fund, Inc.	$	153,594
	13,706	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		171,188
	37,024	Eaton Vance, Ltd. Duration Income Fund		463,911
	161,470	Invesco Senior Income Trust		642,651
	21,807	PGIM High Yield Bond Fund, Inc.		327,105
	47,834	Western Asset High Income Opportunity Fund, Inc.		236,778
TOTAL CLOSED-END FUNDS
(Cost $1,955,122)				1,995,227
COMMON STOCKS - 0.20%
	947	DBI Investors, Inc.(a)(b)		417
	1,161	Oasis Petroleum, Inc.(b)		43,026
	2,509	PHI Group, Inc.(a)(b)		38,413
	795	Phi, Inc.(a)(b)		12,171
	5	Toys R Us Propco Equity, Perpetual Maturity(b)		130
	16	Ultra Sonus AB, Perpetual Maturity(b)		361
TOTAL COMMON STOCKS
(Cost $258,438)				94,518
PREFERRED STOCKS - 0.23%
	116	DBI Investors Inc., 10.000%(a)(b)(c)(d)		16
	107	Sequa Corp., 7.000%(a)(b)(d)		107,000
TOTAL PREFERRED STOCKS
(Cost $118,039)				107,016

Principal Amount/Description			Rate		Maturity		Value
BANK LOANS - 39.19%(e)
France - 1.46%
$	100,000	CAB, First Lien  - Facility B Term Loan		3M US L + 3.75%		04/25/2026		121,913
	300,000	Constantin Investissement 4 S.A.S., First Lien  - Facility B Term Loan		3M US L + 2.50%		04/22/2024		361,479
	193,000	Numericable U.S. LLC, First Lien  - USD TLB-11 Term Loan		1M US L + 2.75%		07/31/2025		189,462
								672,854
Germany - 0.33%
	157,130	CTC AcquiCo GmbH, First Lien  - Facility B2 Term Loan		1M US L + 2.75%		03/07/2025		152,141
Great Britain - 1.73%
	210,000	Franklin UK Midco, Ltd., First Lien  - Facility B1 Term Loan		3M US L + 4.00%		12/18/2024		225,531
	300,000	Genesis Care Finance Pty, Ltd., First Lien  - Facility B2 Term Loan		3M US L + 3.50%		10/30/2025		358,705

Principal Amount/Description			Rate		Maturity		Value
$	181,182	Lernen Bidco, Ltd., First Lien  - Facility B1 (EUR) Term Loan		6M US L + 4.25%		10/25/2025	$	213,632
								797,868
Luxembourg - 1.69%
	248,125	AI Convoy S.a r.l., First Lien  - Facility B Term Loan		6M US L + 3.50%, 1.00% Floor		01/18/2027		248,311
	145,500	Altice Financing S.A., First Lien  - October 2017 USD Term Loan		1M US L + 2.75%		01/31/2026		142,754
	247,500	Camelot U.S. Acquisition 1 Co., First Lien  - Initial Term Loan		1M US L + 3.00%		10/30/2026		246,752
	137,105	Intelsat Jackson Holdings S.A., First Lien  - DIP Facility Term Loan		3M US L + 5.50%, 1.00% Floor		07/13/2022		140,258
								778,075
Netherlands - 1.47%
	283,418	Peer Holdings III B.V., First Lien  - Facility B Term Loan		6M US L + 3.25%		03/07/2025		342,448
	250,000	Sigma Holdco B.V., First Lien  - Facility B4 (GBP) Term Loan		1M US L + 4.00%		07/02/2025		335,710
								678,158
United States - 32.51%
	243,332	Access CIG LLC, First Lien  - B Term Loan		3M US L + 3.75%		02/27/2025		241,355
	332,807	Acuity Specialty Products, Inc., First Lien  - Initial Term Loan		3M US L + 4.00%, 1.00% Floor		08/12/2024		325,818
	146,250	Adtalem Global Education, Inc., First Lien  - B Term Loan		1M US L + 3.00%		04/11/2025		145,336
	248,750	AI Aqua Merger Sub, Inc., First Lien  - 2020 Incremental Term Loan		1M US L + 5.25%, 1.00% Floor		12/13/2023		249,683
	235,265	American Rock Salt Company LLC, First Lien  - Initial Term Loan		1M US L + 3.50%, 1.00% Floor		03/21/2025		235,765
	145,166	Applied Systems, Inc., First Lien  - Closing Date Term Loan		3M US L + 3.00%, 1.00% Floor		09/19/2024		145,323
	249,375	Asplundh Tree Expert LLC, First Lien  - Initial Term Loan		1M US L + 2.50%		09/07/2027		250,545
	248,125	AssuredPartners, Inc., First Lien  - 2020 June Incremental Term Loan		1M US L + 4.50%, 1.00% Floor		02/12/2027		249,057
	250,000	Astoria Energy LLC, First Lien  - B Advance (2020) Term Loan(f)		L + 3.50%, 1.00% Floor		12/10/2027		248,906
	142,418	Asurion LLC, First Lien  - Amendment No. 14 Replacement B-4 Retired 12/23/2020 Term Loan		1M US L + 3.25%		08/04/2022		141,171
	245,000	Atlantic Aviation FBO, Inc., First Lien  - B Term Loan		1M US L + 3.75%		12/06/2025		245,000
	178,847	BCP Renaissance Parent LLC, First Lien  - Initial Term Loan		3M US L + 3.50%, 1.00% Floor		10/31/2024		173,408
	145,500	Belron Finance US LLC, First Lien  - Initial B Term Loan		3M US L + 2.25%		11/07/2024		145,682
	244,375	Bracket Intermediate Holding Corp., First Lien  - Initial Term Loan		3M US L + 4.25%		09/05/2025		241,931
	245,000	Brookfield WEC Holdings, Inc., First Lien  - Initial (2020) Term Loan		1M US L + 3.00%, 0.75% Floor		08/01/2025		244,738
	250,000	Calpine Corp., First Lien  - 2020 Term Loan(f)		L + 2.50%		12/16/2027		248,688
	171,213	CCC Information Services, Inc., First Lien  - Initial Term Loan		1M US L + 3.00%, 1.00% Floor		04/29/2024		171,045
	201,968	Cengage Learning, Inc., First Lien  - 2016 Refinancing Term Loan		3M US L + 4.25%, 1.00% Floor		06/07/2023		194,279
	245,625	CentralSquare Technologies LLC, First Lien  - Initial Term Loan		3M US L + 3.75%		08/29/2025		230,396

Principal Amount/Description			Rate		Maturity		Value
$	246,880	CenturyLink, Inc., First Lien  - B Term Loan		1M US L + 2.25%		03/15/2027	$	244,658
	242,544	Charter Communications Operating LLC, First Lien  - B-2 Term Loan		1M US L + 1.75%		02/01/2027		241,559
	178,355	Charter NEX US, Inc., First Lien  - Initial Term Loan		1M US L + 4.25%, 0.75% Floor		12/01/2027		179,492
	248,727	CITGO Petroleum Corp., First Lien  - 2019 Incremental B Term Loan		3M US L + 6.25%, 1.00% Floor		03/28/2024		247,856
	248,711	CSC SW Holdco, Inc., First Lien  - B-1 Term Loan		3M EUR L + 3.25%, 1.00% Floor		11/14/2022		247,818
	248,738	Delta Air Lines, Inc., First Lien		3M US L + 4.75%, 1.00% Floor		04/29/2023		253,091
	125,000	E.W. Scripps Company, First Lien  - B3 Term Loan(f)		L + 3.00%, 0.75% Floor		01/07/2028		125,332
	145,877	EG Group, Ltd., First Lien  - Additional Facility Term Loan		3M US L + 4.00%		02/07/2025		144,583
	243,750	Flynn Restaurant Group LP, First Lien  - Initial Term Loan		1M US L + 3.50%		06/27/2025		239,220
	125,000	Flynn Restaurant Group LP, Second Lien  - Initial Term Loan		1M US L + 7.00%		06/29/2026		116,250
	248,750	Froneri International, Ltd., First Lien  - Facility B2 Term Loan		1M EUR L + 2.25%		01/29/2027		246,760
	250,000	Frontier Communications Corp., First Lien  - Initial Term Loan		1M US L + 4.75%, 1.00% Floor		10/08/2021		251,876
	125,520	Gentiva Health Services, Inc., First Lien  - B Term Loan		1M EUR L + 3.25%		07/02/2025		125,207
	214,414	Globallogic Holdings, Inc., First Lien  - Initial Term Loan		1M US L + 2.75%		08/01/2025		212,538
	250,000	Granite Acquisition, Inc., First Lien  - Initial B Term Loan(f)		1M US L + 3.75%, 1.00% Floor		09/19/2022		251,171
	250,000	Greeneden U.S. Holdings I LLC, First Lien  - Initial Dollar (2020) Term Loan		1M US L + 4.00%, 0.75% Floor		12/01/2027		250,899
	248,220	Harbor Freight Tools USA, Inc., First Lien  - Initial (2020) Term Loan		1M US L + 3.25%, 0.75% Floor		10/19/2027		248,672
	250,000	IRB Holding Corp., First Lien  - Fourth Amendment Incremental Term Loan(f)		L + 3.25%, 1.00% Floor		12/15/2027		250,742
	250,000	Ivanti Software, Inc., First Lien  - Initial Term Loan(f)		1M US L + 4.75%, 1.00% Floor		12/01/2027		249,844
	227,797	Life Time Fitness, Inc., First Lien  - 2017 Refinancing Term Loan		3M EUR L + 2.75%, 1.00% Floor		06/10/2022		222,672
	243,365	LMBE-MC Holdco II LLC, First Lien		3M US L + 4.00%, 1.00% Floor		12/03/2025		241,236
	250,000	LogMeIn, Inc., First Lien  - Initial Term Loan		1M US L + 4.75%		08/31/2027		249,689
	250,000	Marcel Lux IV SARL, First Lien  - Original Facility Term Loan(f)		L + 4.00%, 0.75% Floor		09/22/2027		250,937
	250,000	Mileage Plus Holdings LLC, First Lien  - Initial Term Loan		3M US L + 5.25%, 1.00% Floor		06/21/2027		260,891
	242,512	Natgasoline LLC, First Lien  - Initial Term Loan		3M US L + 3.50%		11/14/2025		241,906
	250,000	NewCo I B.V., First Lien  - Facility AV1 Term Loan(f)		L + 3.50%		01/31/2029		251,156
	250,000	Olaplex, Inc., First Lien  - Initial Term Loan(f)		L + 6.50%, 1.00% Floor		01/08/2026		250,000
	96,250	Onvoy LLC, First Lien  - Initial Term Loan		1M US L + 4.50%, 1.00% Floor		02/10/2024		94,175

Principal Amount/Description			Rate			Maturity		Value
$	250,000	Pactiv Evergreen, Inc., First Lien  - Tranche B-2 U.S. Term Loan(f)		L + 3.25%			02/05/2026	$	248,562
	146,099	PetVet Care Centers LLC, First Lien  - Initial Term Loan		1M EUR L + 2.75%			02/14/2025		143,315
	248,750	PG&E Corp., First Lien		1M US L + 4.50%, 1.00% Floor			06/23/2025		252,108
	249,352	ProAmpac PG Borrower LLC, First Lien  - 2020-1 Term Loan		3M US L + 4.00%, 1.00% Floor			11/03/2025		249,119
	247,500	Pug LLC, First Lien  - USD B Term Loan		1M US L + 3.50%			02/12/2027		236,776
	232,889	Recess Holdings, Inc., First Lien  - Initial Term Loan		3M US L + 3.75%, 1.00% Floor			09/30/2024		222,409
	235,231	Recorded Books, Inc., First Lien  - Initial Term Loan		1M US L + 4.25%			08/29/2025		234,643
	194,000	Ring Container Technologies Group LLC, First Lien  - Initial Term Loan		1M US L + 2.75%			10/31/2024		192,140
	43,000	RS IVY Holdco ,Inc., First Lien  - Initial Term Loan(f)		L + 5.50%, 1.00% Floor			12/23/2027		42,785
	221,445	Shearer's Foods LLC, First Lien		3M US L + 4.00%, 0.75% Floor			09/23/2027		221,878
	250,000	SkyMiles IP, Ltd., First Lien  - Initial Term Loan		3M US L + 3.75%, 1.00% Floor			10/20/2027		259,844
	207,913	Sotera Health Holdings LLC, First Lien  - Initial Term Loan		3M US L + 4.50%, 1.00% Floor			12/11/2026		208,996
	216,233	St. George's University Scholastic Services LLC, First Lien		1M US L + 3.25%			07/17/2025		213,756
	171,624	TransDigm, Inc., First Lien  - Tranche E Refinancing Term Loan		1M US L + 2.25%			05/30/2025		168,612
	245,625	Tunnel Hill Partners LP, First Lien  - Initial Term Loan		1M US L + 3.50%			02/06/2026		227,817
	248,055	UFC Holdings LLC, First Lien  - B-1 Term Loan		3M US L + 3.25%, 1.00% Floor			04/29/2026		247,686
	249,368	Ultimate Software Group, Inc., First Lien  - 2020 Incremental Term Loan		3M US L + 4.00%, 0.75% Floor			05/04/2026		251,053
	35,573	Vestcom Parent Holdings, Inc., First Lien  - L/C Collaterilized Term Loan		1M US L + 4.00%, 1.00% Floor			12/19/2023		34,950
	300,000	Virgin Media Bristol LLC, First Lien  - Q Term Loan(f)		L + 3.25%			01/31/2029		300,414
	249,333	William Morris Endeavor Entertainment LLC, First Lien  - B-1 Term Loan		1M US L + 2.75%			05/18/2025		231,152
	374,063	Windstream Services II LLC, First Lien  - Initial Term Loan		1M US L + 6.25%, 1.00% Floor			09/21/2027		366,933
	130,987	YI LLC, First Lien  - Initial Term Loan		1M US L + 4.00%, 1.00% Floor			11/07/2024		123,783
									14,997,087
TOTAL BANK LOANS
(Cost $18,014,995)									18,076,183
HIGH YIELD DEBT- 57.41%
Australia - 0.36%
	40,000	Mineral Resources, Ltd.(g)		8.13	%		05/01/2027		44,350
	120,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.(g)		5.75	%		04/30/2026		123,727
									168,077
Canada - 2.23%
	70,000	1011778 BC ULC / New Red Finance, Inc.(g)		4.38	%		01/15/2028		72,218

Principal Amount/Description			Rate			Maturity		Value
$	50,000	1011778 BC ULC / New Red Finance, Inc.(g)		4.00	%		10/15/2030	$	50,771
	30,000	Baytex Energy Corp.(g)		8.75	%		04/01/2027		19,125
	10,000	Bombardier, Inc.(g)		8.75	%		12/01/2021		10,417
	105,000	Bombardier, Inc.(g)		6.13	%		01/15/2023		102,742
	35,000	Cascades, Inc./Cascades USA, Inc.(g)		5.13	%		01/15/2026		37,078
	110,000	Cascades, Inc./Cascades USA, Inc.(g)		5.38	%		01/15/2028		117,116
	35,000	Eldorado Gold Corp.(g)		9.50	%		06/01/2024		38,715
	70,000	Empire Communities Corp.(g)		7.00	%		12/15/2025		73,945
	20,000	First Quantum Minerals, Ltd.(g)		7.25	%		04/01/2023		20,644
	25,000	First Quantum Minerals, Ltd.(g)		6.50	%		03/01/2024		25,734
	85,000	GFL Environmental, Inc.(g)		5.13	%		12/15/2026		90,534
	35,000	Intelligent Packaging, Ltd. Finco, Inc. / Intelligent Packaging Ltd Co.-Issuer LLC(g)		6.00	%		09/15/2028		36,028
	50,000	Mattamy Group Corp.(g)		4.63	%		03/01/2030		53,086
	60,000	MEG Energy Corp.(g)		7.00	%		03/31/2024		60,750
	55,000	MEG Energy Corp.(g)		7.13	%		02/01/2027		56,925
	35,000	Precision Drilling Corp.		7.75	%		12/15/2023		32,266
	15,000	Precision Drilling Corp.(g)		7.13	%		01/15/2026		13,103
	70,000	Telesat Canada / Telesat LLC(g)		4.88	%		06/01/2027		72,669
	50,000	Vermilion Energy, Inc.(g)		5.63	%		03/15/2025		43,120
									1,026,986
Cayman Islands - 0.39%
	108,806	Global Aircraft Leasing Co., Ltd.(c)(g)		6.50%    (7.25	%)		09/15/2024		97,382
	90,000	Transocean Poseidon, Ltd.(g)		6.88	%		02/01/2027		82,125
									179,507
Denmark - 0.27%
	100,000	DKT Finance ApS(h)		7.00	%		06/17/2023		126,236
France - 1.36%
	100,000	Altice France SA(h)		5.88	%		02/01/2027		130,417
	120,000	Altice France SA(g)		5.50	%		01/15/2028		125,611
	100,000	Banijay Entertainment SASU(g)		3.50	%		03/01/2025		122,439
	100,000	Constantin Investissement 3 SASU(h)		5.38	%		04/15/2025		124,632
	100,000	Faurecia SE		3.13	%		06/15/2026		125,982
									629,081
Germany - 1.68%
	100,000	Cheplapharm Arzneimittel GmbH(h)		4.38	%		01/15/2028		125,593
	100,000	IHO Verwaltungs GmbH(c)(h)		3.75%    (4.50	%)		09/15/2026		125,906
	120,000	Nidda Healthcare Holding GmbH(h)		3.50	%		09/30/2024		146,909
	100,000	Techem Verwaltungsgesellschaft 674 mbH(h)		6.00	%		07/30/2026		128,440
	100,000	Tele Columbus AG(h)		3.88	%		05/02/2025		123,088
	100,000	WEPA Hygieneprodukte GmbH(h)		2.88	%		12/15/2027		124,069
									774,005
Great Britain - 1.26%
	100,000	Arqiva Broadcast Finance PLC		6.75	%		09/30/2023		141,516
	55,000	Connect Finco SARL / Connect US Finco LLC(g)		6.75	%		10/01/2026		59,321
	100,000	eG Global Finance PLC(h)		6.25	%		10/30/2025		126,159
	60,000	Rolls-Royce PLC(g)		5.75	%		10/15/2027		66,525
	100,000	Synlab Bondco PLC(e)(g)		3M EUR L + 4.75	%		07/01/2025		124,974
	60,000	Virgin Media Finance PLC(g)		5.00	%		07/15/2030		62,325
									580,820

Principal Amount/Description			Rate			Maturity		Value
Ireland - 0.76%
$	200,000	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.(g)		5.25	%		08/15/2027	$	210,162
	100,000	Virgin Media Vendor Financing Notes III DAC(g)		4.88	%		07/15/2028		140,015
									350,177
Isle Of Man - 0.27%
	100,000	Playtech PLC		3.75	%		10/12/2023		124,256
Italy - 1.08%
	100,000	Bormioli Pharma Spa(e)(h)		3M EUR L + 3.50	%		11/15/2024		119,549
	100,000	Gamma Bidco SpA(e)(h)		3M EUR L + 6.00	%		07/15/2025		123,142
	100,000	Guala Closures SpA(e)(g)		3M EUR L + 3.50	%		04/15/2024		122,350
	100,000	LKQ Italia Bondco SpA(h)		3.88	%		04/01/2024		132,350
									497,391
Jersey - 0.43%
	52,083	CPUK Finance, Ltd.(h)		4.25	%		08/28/2022		71,791
	100,000	LHC3 PLC(c)(g)		4.13%    (9.00	%)		08/15/2024		124,607
									196,398
Luxembourg - 3.19%
	100,000	Altice Financing SA(g)		3.00	%		01/15/2028		117,976
	100,000	Altice France Holding SA(g)		4.00	%		02/15/2028		116,820
	45,000	ArcelorMittal SA		3.60	%		07/16/2024		48,578
	55,000	ArcelorMittal SA		4.55	%		03/11/2026		61,810
	15,000	ArcelorMittal SA		7.25	%		10/15/2039		21,071
	100,000	ARD Finance SA(c)(g)		5.00%    (5.75	%)		06/30/2027		124,961
	100,000	Cirsa Finance International Sarl(h)		6.25	%		12/20/2023		122,348
	85,000	Dana Financing Luxembourg Sarl(g)		5.75	%		04/15/2025		88,453
	100,000	Lincoln Financing SARL(h)		3.63	%		04/01/2024		123,813
	100,000	Monitchem HoldCo 2 SA(h)		9.50	%		09/15/2026		131,514
	100,000	Monitchem HoldCo 3 SA(h)		5.25	%		03/15/2025		127,127
	100,000	Motion Finco Sarl(h)		7.00	%		05/15/2025		129,268
	100,000	Summer BC Holdco B SARL(h)		5.75	%		10/31/2026		129,201
	100,000	Telenet Finance Luxembourg Notes Sarl(h)		3.50	%		03/01/2028		127,051
									1,469,991
Netherlands - 2.59%
	100,000	Intertrust Group BV(h)		3.38	%		11/15/2025		125,036
	120,000	OCI NV(g)		4.63	%		10/15/2025		124,725
	100,000	Sigma Holdco BV(h)		5.75	%		05/15/2026		121,246
	100,000	Sunshine Mid BV(h)		6.50	%		05/15/2026		127,326
	100,000	Telefonica Europe BV(d)(e)		4.38	%		Perpetual Maturity		133,006
	100,000	Trivium Packaging Finance BV(g)		3.75	%		08/15/2026		126,058
	200,000	UPC Holding BV(g)		5.50	%		01/15/2028		211,375
	45,000	Ziggo Bond Co. BV(g)		5.13	%		02/28/2030		47,545
	145,000	Ziggo Bond Co. BV(g)		3.38	%		02/28/2030		178,710
									1,195,027
Spain - 0.29%
	105,000	Lorca Telecom Bondco SA(g)		4.00	%		09/18/2027		135,379
Sweden - 0.52%
	100,000	Intrum AB(h)		3.00	%		09/15/2027		117,888
	100,000	Verisure Midholding AB(h)		5.75	%		12/01/2023		124,033
									241,921

Principal Amount/Description			Rate			Maturity		Value
United States - 40.73%
$	35,000	Academy, Ltd.(g)		6.00	%		11/15/2027	$	36,750
	55,000	Acadia Healthcare Co., Inc.		6.50	%		03/01/2024		56,369
	135,000	Acadia Healthcare Co., Inc.(g)		5.50	%		07/01/2028		145,250
	10,000	Acadia Healthcare Co., Inc.(g)		5.00	%		04/15/2029		10,700
	20,000	Acrisure LLC / Acrisure Finance, Inc.(g)		8.13	%		02/15/2024		21,219
	30,000	Acrisure LLC / Acrisure Finance, Inc.(g)		10.13	%		08/01/2026		34,495
	60,000	Adient US LLC(g)		7.00	%		05/15/2026		65,361
	45,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(g)		5.88	%		02/15/2028		49,045
	105,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)		6.63	%		07/15/2026		112,093
	65,000	Amsted Industries, Inc.(g)		4.63	%		05/15/2030		68,209
	60,000	Apache Corp.		4.75	%		04/15/2043		62,325
	10,000	Apache Corp.		4.25	%		01/15/2044		9,891
	75,000	APX Group, Inc.(g)		6.75	%		02/15/2027		80,719
	10,000	Aramark Services, Inc.(g)		6.38	%		05/01/2025		10,700
	115,000	Aramark Services, Inc.(g)		5.00	%		02/01/2028		121,325
	40,000	Archrock Partners LP / Archrock Partners Finance Corp.(g)		6.88	%		04/01/2027		43,150
	50,000	Archrock Partners LP / Archrock Partners Finance Corp.(g)		6.25	%		04/01/2028		52,173
	31,000	Asbury Automotive Group, Inc.		4.50	%		03/01/2028		32,472
	33,000	Asbury Automotive Group, Inc.		4.75	%		03/01/2030		35,434
	30,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.(g)		7.00	%		11/01/2026		28,770
	50,000	AssuredPartners, Inc.(g)		5.63	%		01/15/2029		52,250
	100,000	Avantor Funding, Inc.(g)		2.63	%		11/01/2025		125,447
	97,000	Bausch Health Cos., Inc.(g)		6.13	%		04/15/2025		100,071
	195,000	Bausch Health Cos., Inc.(g)		5.00	%		01/30/2028		201,199
	55,000	Bausch Health Cos., Inc.(g)		5.00	%		02/15/2029		56,654
	75,000	Bausch Health Cos., Inc.(g)		5.25	%		02/15/2031		78,495
	85,000	Berry Global, Inc.(g)		4.50	%		02/15/2026		87,072
	30,000	Berry Petroleum Co. LLC(g)		7.00	%		02/15/2026		25,607
	75,000	Big River Steel LLC / BRS Finance Corp.(g)		6.63	%		01/31/2029		81,141
	35,000	Block Communications, Inc.(g)		4.88	%		03/01/2028		36,132
	65,000	Boyd Gaming Corp.		6.38	%		04/01/2026		67,613
	10,000	Boyd Gaming Corp.		6.00	%		08/15/2026		10,400
	65,000	Boyd Gaming Corp.		4.75	%		12/01/2027		67,653
	120,000	Boyne USA, Inc.(g)		7.25	%		05/01/2025		126,225
	65,000	Brink's Co.(g)		5.50	%		07/15/2025		69,509
	45,000	Buckeye Partners LP(g)		4.50	%		03/01/2028		46,434
	65,000	Cable One, Inc.(g)		4.00	%		11/15/2030		67,641
	25,000	Cablevision Lightpath LLC(g)		5.63	%		09/15/2028		26,203
	125,000	Caesars Entertainment, Inc.(g)		6.25	%		07/01/2025		133,282
	5,000	Callon Petroleum Co.		6.13	%		10/01/2024		2,887
	45,000	Callon Petroleum Co.		6.38	%		07/01/2026		23,400
	45,000	Calpine Corp.(g)		5.13	%		03/15/2028		47,402
	75,000	Cardtronics, Inc. / Cardtronics USA, Inc.(g)		5.50	%		05/01/2025		77,805
	35,000	Carpenter Technology Corp.		6.38	%		07/15/2028		38,641
	55,000	Carriage Services, Inc.(g)		6.63	%		06/01/2026		58,977
	100,000	Catalent Pharma Solutions, Inc.(g)		2.38	%		03/01/2028		123,241
	100,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		5.50	%		05/01/2026		103,765
	25,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		5.00	%		02/01/2028		26,463
	15,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		5.38	%		06/01/2029		16,461

Principal Amount/Description			Rate			Maturity		Value
$	120,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		4.75	%		03/01/2030	$	129,630
	130,000	Cedar Fair LP		5.25	%		07/15/2029		134,061
	65,000	Central Garden & Pet Co.		5.13	%		02/01/2028		69,355
	50,000	Central Garden & Pet Co.		4.13	%		10/15/2030		52,219
	165,000	CenturyLink, Inc.(g)		5.13	%		12/15/2026		174,473
	25,000	CF Industries, Inc.		5.15	%		03/15/2034		30,778
	30,000	ChampionX Corp.		6.38	%		05/01/2026		30,407
	80,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.(g)		5.75	%		03/01/2025		81,700
	90,000	Cheniere Energy, Inc.(g)		4.63	%		10/15/2028		94,612
	60,000	CHS/Community Health Systems, Inc.(g)		5.63	%		03/15/2027		64,590
	30,000	CHS/Community Health Systems, Inc.(g)		6.00	%		01/15/2029		32,445
	65,000	Churchill Downs, Inc.(g)		5.50	%		04/01/2027		68,969
	10,000	Citgo Holding, Inc.(g)		9.25	%		08/01/2024		9,225
	105,000	CITGO Petroleum Corp.(g)		6.25	%		08/15/2022		103,162
	20,000	CITGO Petroleum Corp.(g)		7.00	%		06/15/2025		19,988
	30,000	Clean Harbors, Inc.(g)		5.13	%		07/15/2029		32,863
	75,000	Cleveland-Cliffs, Inc.(g)		6.75	%		03/15/2026		81,094
	34,000	CommScope Technologies LLC(g)		6.00	%		06/15/2025		34,811
	135,000	CommScope Technologies LLC(g)		5.00	%		03/15/2027		133,903
	5,000	CommScope, Inc.(g)		5.50	%		03/01/2024		5,162
	30,000	CommScope, Inc.(g)		6.00	%		03/01/2026		31,647
	45,000	Comstock Resources, Inc.		9.75	%		08/15/2026		48,319
	30,000	Continental Resources, Inc.		4.38	%		01/15/2028		30,654
	85,000	Continental Resources, Inc.(g)		5.75	%		01/15/2031		94,507
	5,000	Continental Resources, Inc.		4.90	%		06/01/2044		4,922
	130,000	Covanta Holding Corp.		6.00	%		01/01/2027		137,008
	62,000	CrownRock LP / CrownRock Finance, Inc.(g)		5.63	%		10/15/2025		63,356
	115,000	CSC Holdings LLC(g)		5.75	%		01/15/2030		126,213
	85,000	CSC Holdings LLC(g)		4.63	%		12/01/2030		88,837
	20,000	Cushman & Wakefield US Borrower LLC(g)		6.75	%		05/15/2028		22,112
	35,000	CVR Energy, Inc.(g)		5.75	%		02/15/2028		33,250
	20,000	Dana, Inc.		5.38	%		11/15/2027		21,237
	30,000	Dana, Inc.		5.63	%		06/15/2028		32,351
	145,000	DaVita, Inc.(g)		4.63	%		06/01/2030		153,791
	155,000	Delta Air Lines, Inc.(g)		7.00	%		05/01/2025		179,059
	100,000	Diamond BC BV(h)		5.63	%		08/15/2025		124,534
	35,000	DISH DBS Corp.		7.75	%		07/01/2026		39,226
	40,000	DISH DBS Corp.		7.38	%		07/01/2028		42,650
	45,000	Edgewell Personal Care Co.(g)		5.50	%		06/01/2028		48,424
	80,000	Encompass Health Corp.		4.50	%		02/01/2028		83,735
	70,000	Endo Dac / Endo Finance LLC / Endo Finco, Inc.(g)		9.50	%		07/31/2027		78,269
	100,000	Energizer Gamma Acquisition BV(h)		4.63	%		07/15/2026		127,048
	85,000	EnerSys(g)		4.38	%		12/15/2027		90,100
	35,000	EnLink Midstream LLC(g)		5.63	%		01/15/2028		35,839
	100,000	ESH Hospitality, Inc.(g)		5.25	%		05/01/2025		102,647
	55,000	ESH Hospitality, Inc.(g)		4.63	%		10/01/2027		56,444
	60,000	FirstCash, Inc.(g)		4.63	%		09/01/2028		61,987
	35,000	FirstEnergy Corp.		4.85	%		07/15/2047		43,559
	30,000	FirstEnergy Transmission LLC(g)		4.55	%		04/01/2049		35,036
	5,000	Ford Motor Credit Co. LLC		5.60	%		01/07/2022		5,181
	30,000	Ford Motor Credit Co. LLC(e)		3M US L + 3.14	%		01/07/2022		30,209
	45,000	Ford Motor Credit Co. LLC(e)		3M US L + 1.27	%		03/28/2022		44,238
	50,000	Ford Motor Credit Co. LLC		4.25	%		09/20/2022		51,690

Principal Amount/Description			Rate			Maturity		Value
$	90,000	Ford Motor Credit Co. LLC(e)		3M US L + 1.235	%		02/15/2023	$	86,880
	30,000	Ford Motor Credit Co. LLC		5.13	%		06/16/2025		32,657
	45,000	Ford Motor Credit Co. LLC		4.13	%		08/17/2027		47,194
	100,000	Ford Motor Credit Co. LLC		5.11	%		05/03/2029		111,495
	5,000	Ford Motor Credit Co. LLC		4.00	%		11/13/2030		5,266
	30,000	Frontier Communications Corp.(g)		5.88	%		10/15/2027		32,494
	195,000	Frontier Communications Corp.(g)		5.00	%		05/01/2028		203,653
	35,000	Frontier Communications Corp.(g)		6.75	%		05/01/2029		37,516
	35,000	Go Daddy Operating Co LLC(g)		5.25	%		12/01/2027		36,903
	100,000	Golden Nugget, Inc.(g)		6.75	%		10/15/2024		99,407
	55,000	Goodyear Tire & Rubber Co.		9.50	%		05/31/2025		62,235
	75,000	Greystar Real Estate Partners LLC(g)		5.75	%		12/01/2025		77,062
	55,000	Grinding Media, Inc. / Moly-Cop AltaSteel, Ltd.(g)		7.38	%		12/15/2023		55,962
	100,000	Herc Holdings, Inc.(g)		5.50	%		07/15/2027		106,188
	75,000	Hess Midstream Operations LP(g)		5.63	%		02/15/2026		78,141
	5,000	Hess Midstream Operations LP(g)		5.13	%		06/15/2028		5,231
	45,000	HUB International, Ltd.(g)		7.00	%		05/01/2026		47,106
	105,000	Hunt Cos., Inc.(g)		6.25	%		02/15/2026		107,930
	40,000	IAA, Inc.(g)		5.50	%		06/15/2027		42,475
	10,000	iHeartCommunications, Inc.		8.38	%		05/01/2027		10,692
	110,000	iHeartCommunications, Inc.(g)		5.25	%		08/15/2027		115,411
	60,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.(g)		9.00	%		07/01/2028		66,075
	19,000	Ingles Markets, Inc.		5.75	%		06/15/2023		19,249
	115,000	Intelsat Jackson Holdings SA(g)(i)		8.00	%		02/15/2024		117,922
	100,000	International Game Technology PLC(h)		3.50	%		06/15/2026		126,690
	55,000	Iron Mountain, Inc.(g)		5.25	%		03/15/2028		58,144
	15,000	Iron Mountain, Inc.(g)		5.00	%		07/15/2028		15,954
	105,000	Iron Mountain, Inc.(g)		4.88	%		09/15/2029		110,880
	55,000	Iron Mountain, Inc.(g)		5.25	%		07/15/2030		59,469
	5,000	Iron Mountain, Inc.(g)		4.50	%		02/15/2031		5,244
	30,000	Itron, Inc.(g)		5.00	%		01/15/2026		30,713
	130,000	J2 Global, Inc.(g)		4.63	%		10/15/2030		137,394
	55,000	JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.(g)		5.50	%		01/15/2030		63,264
	90,000	KAR Auction Services, Inc.(g)		5.13	%		06/01/2025		92,725
	135,000	Kennedy-Wilson, Inc.		5.88	%		04/01/2024		137,194
	90,000	Kraft Heinz Foods Co.		6.88	%		01/26/2039		124,857
	125,000	Kraft Heinz Foods Co.		6.50	%		02/09/2040		169,174
	190,000	Kraft Heinz Foods Co.		4.38	%		06/01/2046		205,578
	30,000	Kraft Heinz Foods Co.(g)		4.88	%		10/01/2049		35,000
	10,000	L Brands, Inc.(g)		9.38	%		07/01/2025		12,312
	105,000	L Brands, Inc.		7.50	%		06/15/2029		116,990
	15,000	L Brands, Inc.(g)		6.63	%		10/01/2030		16,716
	25,000	L Brands, Inc.		6.95	%		03/01/2033		26,005
	75,000	Lamar Media Corp.		5.75	%		02/01/2026		77,477
	20,000	Lamar Media Corp.		4.00	%		02/15/2030		20,787
	125,000	Laredo Petroleum, Inc.		9.50	%		01/15/2025		108,868
	75,000	LD Holdings Group LLC(g)		6.50	%		11/01/2025		79,125
	75,000	Level 3 Financing, Inc.		5.25	%		03/15/2026		77,591
	20,000	Level 3 Financing, Inc.(g)		4.63	%		09/15/2027		20,925
	15,000	Live Nation Entertainment, Inc.(g)		6.50	%		05/15/2027		16,797
	35,000	Logan Merger Sub, Inc.(g)		5.50	%		09/01/2027		36,706
	125,000	Marriott Ownership Resorts, Inc.(g)		6.13	%		09/15/2025		133,438
	25,000	Marriott Ownership Resorts, Inc. / ILG LLC		6.50	%		09/15/2026		26,168
	45,000	Masonite International Corp.(g)		5.38	%		02/01/2028		48,395

Principal Amount/Description			Rate			Maturity		Value
$	55,000	MasTec, Inc.(g)		4.50	%		08/15/2028	$	57,819
	145,000	Mauser Packaging Solutions Holding Co.(g)		5.50	%		04/15/2024		148,073
	145,000	MEDNAX, Inc.(g)		6.25	%		01/15/2027		155,691
	100,000	Mercer International, Inc.		7.38	%		01/15/2025		104,252
	60,000	Mercer International, Inc.		5.50	%		01/15/2026		61,200
	120,000	Meredith Corp.		6.88	%		02/01/2026		117,225
	50,000	MGIC Investment Corp.		5.25	%		08/15/2028		53,594
	100,000	MPH Acquisition Holdings LLC(g)		5.75	%		11/01/2028		97,875
	45,000	Murphy Oil Corp.		5.88	%		12/01/2027		44,367
	50,000	NCR Corp.(g)		5.75	%		09/01/2027		53,219
	80,000	NCR Corp.(g)		6.13	%		09/01/2029		88,735
	40,000	NCR Corp.(g)		5.25	%		10/01/2030		42,975
	55,000	New Enterprise Stone & Lime Co., Inc.(g)		6.25	%		03/15/2026		56,478
	85,000	New Residential Investment Corp.(g)		6.25	%		10/15/2025		85,584
	95,000	Nexstar Broadcasting, Inc.(g)		5.63	%		07/15/2027		101,917
	80,000	Nexstar Broadcasting, Inc.(g)		4.75	%		11/01/2028		83,850
	80,000	NFP Corp.(g)		6.88	%		08/15/2028		85,514
	35,000	Northern Oil and Gas, Inc.(c)		8.50%    (9.50	%)		05/15/2023		31,084
	40,000	Novelis Corp.(g)		5.88	%		09/30/2026		41,850
	60,000	NuStar Logistics LP		6.38	%		10/01/2030		68,081
	120,000	Occidental Petroleum Corp.(e)		3M US L + 1.45	%		08/15/2022		117,647
	185,000	Occidental Petroleum Corp.		3.20	%		08/15/2026		173,322
	150,000	Occidental Petroleum Corp.		6.63	%		09/01/2030		163,087
	55,000	Occidental Petroleum Corp.		4.40	%		04/15/2046		48,024
	25,000	Occidental Petroleum Corp.		4.40	%		08/15/2049		21,117
	40,000	Oceaneering International, Inc.		6.00	%		02/01/2028		35,850
	20,000	Olin Corp.		5.63	%		08/01/2029		21,750
	105,000	Olin Corp.		5.00	%		02/01/2030		112,068
	20,000	OneMain Finance Corp.		8.88	%		06/01/2025		22,662
	100,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(g)		7.38	%		06/01/2025		106,687
	50,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(g)		7.25	%		02/01/2028		52,844
	35,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(g)		6.25	%		06/15/2025		36,990
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(g)		5.00	%		08/15/2027		20,384
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(g)		4.63	%		03/15/2030		20,468
	10,000	Ovintiv, Inc.		6.50	%		08/15/2034		11,584
	60,000	Ovintiv, Inc.		6.63	%		08/15/2037		67,079
	15,000	Ovintiv, Inc.		6.50	%		02/01/2038		16,766
	55,000	Par Pharmaceutical, Inc.(g)		7.50	%		04/01/2027		59,747
	30,000	PDC Energy, Inc.		6.13	%		09/15/2024		30,885
	65,000	PDC Energy, Inc.		5.75	%		05/15/2026		67,234
	40,000	Performance Food Group, Inc.(g)		5.50	%		06/01/2024		40,300
	25,000	Performance Food Group, Inc.(g)		5.50	%		10/15/2027		26,421
	25,000	PG&E Corp.		5.00	%		07/01/2028		26,658
	95,000	PG&E Corp.		5.25	%		07/01/2030		104,619
	130,000	Pike Corp.(g)		5.50	%		09/01/2028		137,638
	55,000	Pilgrim's Pride Corp.(g)		5.75	%		03/15/2025		56,532
	100,000	Post Holdings, Inc.(g)		4.63	%		04/15/2030		105,321
	55,000	Powdr Corp.(g)		6.00	%		08/01/2025		58,094
	90,000	PowerTeam Services LLC(g)		9.03	%		12/04/2025		100,360
	40,000	PQ Corp.(g)		5.75	%		12/15/2025		41,125
	10,000	Prestige Brands, Inc.(g)		5.13	%		01/15/2028		10,681

Principal Amount/Description			Rate			Maturity		Value
$	150,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(g)		5.75	%		04/15/2026	$	164,438
	120,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(g)		6.25	%		01/15/2028		129,000
	85,000	Quicken Loans LLC(g)		5.25	%		01/15/2028		90,897
	5,000	Quicken Loans LLC / Quicken Loans Co.-Issuer, Inc.(g)		3.88	%		03/01/2031		5,200
	45,000	QVC, Inc.		4.75	%		02/15/2027		48,347
	85,000	QVC, Inc.		4.38	%		09/01/2028		88,232
	85,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(g)		7.63	%		06/15/2025		92,415
	100,000	Refinitiv US Holdings, Inc.(g)		4.50	%		05/15/2026		128,853
	85,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu(g)		4.00	%		10/15/2027		87,231
	95,000	RHP Hotel Properties LP / RHP Finance Corp.		4.75	%		10/15/2027		98,486
	49,000	Rite Aid Corp.(g)		8.00	%		11/15/2026		52,469
	20,000	Sabre GLBL, Inc.(g)		9.25	%		04/15/2025		23,825
	55,000	Sabre GLBL, Inc.(g)		7.38	%		09/01/2025		59,758
	55,000	Scotts Miracle-Gro Co.(g)		4.50	%		10/15/2029		59,436
	35,000	Scripps Escrow II, Inc.(g)		3.88	%		01/15/2029		36,553
	85,000	Scripps Escrow II, Inc.(g)		5.38	%		01/15/2031		89,546
	35,000	Shea Homes LP / Shea Homes Funding Corp.(g)		4.75	%		04/01/2029		36,050
	35,000	Signature Aviation US Holdings, Inc.(g)		5.38	%		05/01/2026		35,962
	100,000	Silgan Holdings, Inc.		3.25	%		03/15/2025		123,855
	65,000	Simmons Foods, Inc.(g)		5.75	%		11/01/2024		66,544
	30,000	Sirius XM Radio, Inc.(g)		4.63	%		07/15/2024		31,125
	5,000	Sirius XM Radio, Inc.(g)		5.50	%		07/01/2029		5,511
	25,000	Six Flags Entertainment Corp.(g)		5.50	%		04/15/2027		25,719
	30,000	Six Flags Theme Parks, Inc.(g)		7.00	%		07/01/2025		32,456
	30,000	SM Energy Co.		5.00	%		01/15/2024		25,350
	30,000	SM Energy Co.		5.63	%		06/01/2025		24,409
	20,000	Southwestern Energy Co.		7.75	%		10/01/2027		21,632
	40,000	Southwestern Energy Co.		8.38	%		09/15/2028		43,475
	100,000	Spectrum Brands, Inc.(g)		5.00	%		10/01/2029		107,640
	70,000	SS&C Technologies, Inc.(g)		5.50	%		09/30/2027		74,849
	110,000	Station Casinos LLC(g)		4.50	%		02/15/2028		111,031
	40,000	Stevens Holding Co., Inc.(g)		6.13	%		10/01/2026		43,342
	110,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.		5.75	%		03/01/2025		112,601
	40,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.		5.88	%		03/01/2027		41,925
	30,000	Summit Materials LLC / Summit Materials Finance Corp.(g)		5.13	%		06/01/2025		30,634
	95,000	SunCoke Energy Partners LP / SunCoke Energy Partners Finance Corp.(g)		7.50	%		06/15/2025		94,485
	50,000	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.(g)		6.00	%		03/01/2027		51,938
	15,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.		5.88	%		04/15/2026		15,931
	20,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.		5.38	%		02/01/2027		21,054
	20,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.		5.00	%		01/15/2028		21,149
	100,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.		5.50	%		03/01/2030		108,664
	120,000	TEGNA, Inc.(g)		4.75	%		03/15/2026		128,286

Principal Amount/Description			Rate			Maturity		Value
$	135,000	Tenet Healthcare Corp.		5.13	%		05/01/2025	$	137,800
	140,000	Tenet Healthcare Corp.(g)		6.25	%		02/01/2027		148,595
	15,000	Tenet Healthcare Corp.(g)		5.13	%		11/01/2027		15,919
	75,000	Tenet Healthcare Corp.(g)		4.63	%		06/15/2028		78,703
	15,000	Tenet Healthcare Corp.(g)		6.13	%		10/01/2028		15,683
	75,000	Tennant Co.		5.63	%		05/01/2025		78,281
	55,000	Tms International Holding Corp.(g)		7.25	%		08/15/2025		56,100
	90,000	TPC Group, Inc.(g)		10.50	%		08/01/2024		74,428
	105,000	TransDigm, Inc.(g)		8.00	%		12/15/2025		116,297
	70,000	TransDigm, Inc.(g)		6.25	%		03/15/2026		74,638
	30,000	TransDigm, Inc.		5.50	%		11/15/2027		31,584
	1,000	TreeHouse Foods, Inc.(g)		6.00	%		02/15/2024		1,021
	95,000	TreeHouse Foods, Inc.		4.00	%		09/01/2028		98,444
	40,000	TriMas Corp.(g)		4.88	%		10/15/2025		41,094
	60,000	Tronox, Inc.(g)		6.50	%		05/01/2025		64,275
	80,000	Uber Technologies, Inc.(g)		7.50	%		05/15/2025		86,521
	20,000	Uber Technologies, Inc.(g)		6.25	%		01/15/2028		21,775
	100,000	UGI International LLC(g)		3.25	%		11/01/2025		126,000
	55,000	Univar Solutions USA, Inc./Washington(g)		5.13	%		12/01/2027		58,187
	15,000	Univision Communications, Inc.(g)		9.50	%		05/01/2025		16,762
	20,000	Univision Communications, Inc.(g)		6.63	%		06/01/2027		21,516
	40,000	US Foods, Inc.(g)		6.25	%		04/15/2025		42,803
	30,000	USA Compression Partners LP / USA Compression Finance Corp.		6.88	%		09/01/2027		32,078
	85,000	ViaSat, Inc.(g)		5.63	%		09/15/2025		87,044
	20,000	VICI Properties LP / VICI Note Co., Inc.(g)		4.25	%		12/01/2026		20,774
	20,000	VICI Properties LP / VICI Note Co., Inc.(g)		4.63	%		12/01/2029		21,434
	60,000	VICI Properties LP / VICI Note Co., Inc.(g)		4.13	%		08/15/2030		63,413
	70,000	West Street Merger Sub, Inc.(g)		6.38	%		09/01/2025		71,881
	140,000	Western Midstream Operating LP		5.50	%		08/15/2048		138,123
	65,000	Windstream Escrow LLC / Windstream Escrow Finance Corp.(g)		7.75	%		08/15/2028		65,577
	40,000	Wolverine World Wide, Inc.(g)		6.38	%		05/15/2025		42,775
	180,000	Xerox Holdings Corp.(g)		5.00	%		08/15/2025		191,794
	55,000	XPO Logistics, Inc.(g)		6.25	%		05/01/2025		59,291
									18,786,010
TOTAL HIGH YIELD DEBT
(Cost $25,044,941)									26,481,262

Shares/Description			Value
RIGHTS - 0.00%(b)(j)
	198	DBI Investors, Inc., Strike Price 11.50, Expires 12/31/2049(a)		22
TOTAL RIGHTS
(Cost $11,231)				22
WARRANTS - 0.01%(b)
	4	David's Bridal, Strike Price 219.47, Expires 01/18/2024(a)		–
	10	Toys R Us Propco Warrant, Strike Price 11.50, Expires 12/31/2049(a)		–

Shares/Description			Value
	237	Windstream Holdings Inc - Pvt Warrant, Strike Price 0.01, Expires 12/31/2049	$	2,844
TOTAL WARRANTS
(Cost $106,180)				2,844
SHORT-TERM INVESTMENTS - 0.94%
	434,192	State Street Institutional Trust (7 Day Yield 0.01%)		434,192
TOTAL SHORT-TERM INVESTMENTS
(Cost $434,192)				434,192
TOTAL INVESTMENTS - 102.31%
(Cost $45,943,138)				47,191,264
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.38%				177,000
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.69)%				(1,241,084	)
NET ASSETS - 100.00%			$	46,127,180

Investment Abbreviations:

EURIBOR - Euro Interbank Offered Rate

LIBOR - London Interbank Offered Rate

Libor Rates:

1M US L - 1 Month LIBOR as of December 31, 2020 was 0.14%

3M US L - 3 Month LIBOR as of December 31, 2020 was 0.24%

6M US L - 6 Month LIBOR as of December 31, 2020 was 0.26%

1M EUR L - 1 Month EURIBOR as of December 31, 2020 was -0.56%

3M EUR L - 3 Month EURIBOR as of December 31, 2020 was -0.54%

6M EUR L - 6 Month EURIBOR as of December 31, 2020 was -0.52%

(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)	Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.
(d)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
(e)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 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 December 31, 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 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 $16,543,557, which represents approximately 35.87% of net assets as of December 31, 2020.

(h)	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 December 31, 2020, the aggregate fair value of those securities was $3,612,403, representing 7.83% of net assets.
(i)	Security is currently in default.
(j)	Less than 0.005%.

See Notes to Quarterly Schedule of Investments.

OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS
Counterparty	Settlement Date	Fund Receiving	U.S. $ Value at December 31, 2020	Fund Delivering	U.S. $ Value at December 31, 2020		Unrealized Appreciation/ (Depreciation)
State Street Boston	1/7/2021	USD	5,781,503	EUR	5,894,672		(113,169	)
State Street Boston	1/7/2021	USD	354,007	GBP	362,437		(8,430	)
State Street Boston	1/7/2021	USD	329,584	GBP	337,433		(7,849	)
State Street Boston	1/7/2021	USD	1,591,524	EUR	1,622,677		(31,153	)
State Street Boston	1/7/2021	USD	15,440	EUR	15,562		(122	)
						$	(160,723	)

RiverNorth Funds Notes to Quarterly Schedule of Investments

December 31, 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 December 31, 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 December 31, 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	$	59,086,744	$	–	$	–	$	59,086,744
Business Development Companies		6,762,339		–		–		6,762,339
Common Stocks		1,074,861		–		–		1,074,861
Exchange Traded Funds		803,086		–		–		803,086
Preferred Stocks		729,719		–		–		729,719
Business Development Company Notes		3,346,566		–		–		3,346,566
Convertible Corporate Bonds		–		2,427,570		–		2,427,570
Rights		54,424		–		–		54,424
Warrants		140,735		–		–		140,735
Short-Term Investments		8,987,704		–		–		8,987,704
Total		80,986,178	$	2,427,570	$	–		83,413,748

Strategic Income Fund
	Valuation Inputs
Investments in Securities at Value*		Level 1	Level 2	Level 3	Total

Closed-End Funds	$	328,920,571	$	–	$	–	$	328,920,571
Business Development Companies		19,152,527		–		–		19,152,527
Common Stocks		56,963		–		–		56,963
Open-End Funds		31,648,113		–		–		31,648,113
Preferred Stocks		34,848,979		–		–		34,848,979
Business Development Company Notes		30,970,609		–		–		30,970,609
Foreign Corporate Bonds		–		89,766,617		–		89,766,617
U.S. Corporate Bonds		–		110,633,192		–		110,633,192
Convertible Corporate Bonds		–		16,591,089		–		16,591,089
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies		–		7,149,987		–		7,149,987
Bank Loans		–		29,052,921		–		29,052,921
Collateralized Loan Obligations		–		51,126,762		–		51,126,762
Equity - Linked Notes		–		–		11,250		11,250
Non-Agency Collateralized Mortgage Obligations		–		465,821,353		–		465,821,353
U.S. Government Bonds and Notes		–		125,980,058		–		125,980,058
Municipal Bonds		–		426,714		–		426,714
U.S. Government / Agency Mortgage Backed Securities		–		289,637,339		–		289,637,339
Short-Term Investments		180,125,365		3,584,440		–		183,709,805
Total	$	625,723,127	$	1,189,770,472	$	11,250	$	1,815,504,849

High Income Fund
		Valuation Inputs
Investments in Securities at Value*		Level 1		Level 2		Level 3		Total
Closed-End Funds	$	1,995,227	$	–	$	–	$	1,995,227
Common Stocks		43,026		491		51,001		94,518
Preferred Stocks		–		–		107,016		107,016
Bank Loans	$	–	$	18,076,183	$	–	$	18,076,183
High Yield Debt		–		26,481,262		–		26,481,262
Rights		–		–		22		22
Warrants		–		2,844		–		2,844
Short-Term Investments		434,192		–		–		434,192
Total	$	2,472,445	$	44,560,780	$	158,039	$	47,191,264

High Income Fund (continued)
		Valuation Inputs
Other Financial Instruments**		Level 1		Level 2			Level 3		Total
Liabilities
Forward Foreign Currency Contracts	$	–	$	(160,723	)	$	–	$	(160,723	)
Total	$	–	$	(160,723	)	$	–	$	(160,723	)

*       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, 2020		Accrued Discount/ premium		Realized Gain/ (Loss)			Change in Unrealized Appreciation/ Depreciation			Purchases		Sales Proceeds			Transfer into Level 3		Transfer Out of Level 3(a)			Balance as of December 31, 2020		Net change in unrealized appreciation/ (depreciation) included in the Statements of Operations attributable to Level 3 investments held at December 31, 2020
Strategic Income Fund
Equity-Linked Notes	$	11,250	$	-	$	-		$	-		$	-	$	-		$	-	$	-		$	11,250	$	-
	$	11,250	$	-	$	-		$	-		$	-	$	-		$	-	$	-		$	11,250	$	-
High Income Fund
Common Stocks	$	38,113	$	-	$	-		$	13,250		$	-	$	-		$	-	$	(362	)	$	51,001	$	13,244
Preferred Stocks		96,490		-		-			6,526			4,000		-			-		-			107,016		6,525
Bank Loans		68,060		-		(4,311	)		41,936			-		(105,685	)		-		-			-		-
Rights		32		-		-			(10	)		-		-			-		-			22		(10	)
Warrants		-		-		-			-			-		-			-		-			-		1
	$	202,695	$	-	$	(4,311	)	$	61,702		$	4,000	$	(105,685	)	$	-	$	(362	)	$	158,039	$	19,760

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

The Table below provides additional information about the Level 3 Fair Value Measurements as of December 31, 2020:

Quantitative Information about Level 3 Fair Value Measurements

Strategic Income Fund

Asset Class	Fair Value (USD)		Valuation Technique	Unobservable Inputs(a)	Value/Range (Weighted Average)
Equity-Linked Notes	$	11,250	Vendor Price	Indicative Broker Quote		N/A

High Income Fund

Asset Class	Fair Value (USD)		Valuation Technique	Unobservable Inputs(a)	Value/Range (Weighted Average)
Common Stocks	$	38,112	Vendor Price	Indicative Broker Quotes		$20.50-$24.00
			Market Comparable Companies	EBITDA Multiple		4.75x
				Revenue Multiple		0.21x-0.29x
				Liquidity Discount		80.57%
Preferred Stocks		96,490	Market Comparable Companies	EBITDA Multiple		9.25x-9.75x
				Company Provided Financial Information		N/A
Rights		22	Market Comparable Companies	Revenue Multiple		0.21x-0.29x
				Liquidity Discount		80.57%
				Company Provided Financial Information		N/A

^(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
Indicative Broker Quotes	Increase	Decrease
EBITDA Multiple	Increase	Decrease
Revenue Multiple	Increase	Decrease
Liquidity Discount	Decrease	Increase

4. Derivative Financial Instruments

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

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

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

Risk of Investing in Derivatives

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

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

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

Forward Foreign Currency Contracts

The Funds may engage in currency transactions with counterparties to hedge the value of portfolio securities denominated in particular currencies against fluctuations in relative value, to gain or reduce exposure to certain currencies, or to generate income or gains. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. During the three months ended December 31, 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 Strategic Income Fund and High Income Fund may each invest in direct debt instruments which are interests in amounts owed to lenders or lending syndicates by corporate, governmental, or other borrowers. The Strategic Income Fund and High Income Fund will normally invest in corporate debt issuers in North America and Europe. The Strategic Income Fund’s and High Income Fund’s 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 Strategic Income Fund and High Income Fund may each invest in multiple series or tranches of a loan, which may have varying terms and carry different associated risks. The Strategic Income Fund and High Income Fund will generally purchase assignments of these loans, in which case they will typically become lenders 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 Strategic Income Fund and High Income Fund generally have no right to enforce compliance with the terms of the loan agreement with the borrower. As a result, the Strategic Income Fund and High Income Fund may each be subject to the credit risk of both the borrower and the lender that is selling the loan agreement. The Strategic Income Fund and High Income Fund may each 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 Strategic Income Fund and High Income Fund have 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 Strategic Income Fund and High Income Fund may each 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 Strategic Income Fund and High Income Fund may each receive a penalty fee upon the prepayment of a floating rate loan by a borrower. Fees earned are recorded as a component of interest income or interest expense, respectively, on the Statements of Operations. At December 31, 2020, the Strategic Income Fund and High Income Fund had $1,106,137 and $2,311,745 respectively, in unsettled domestic and foreign loan commitments.

6. AFFILIATED COMPANIES

Funds may invest in certain securities that are considered securities issued by affiliated companies. As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The purchases, sales, dividend income, capital gains, shares and value of investment in affiliated companies for the three months ended December 31, 2020 were as follows:

Security Name	Market Value as of September 30, 2020		��	Purchases		Sales		Realized Gain/Loss		Change in Unrealized Gain (Loss)		Market Value as of December 31, 2020		Share Balance as of December 31, 2020		Dividends
RiverNorth/Oaktree High Income Fund	$	30,155,295		$	264,872	$	-	$	-	$	1,227,946	$	31,648,113		3,347,059	$	264,872
								$	-	$	1,227,946	$	31,648,113		3,347,059	$	264,872