RiverNorth/DoubleLine Strategic Income Fd Cl R (RNDLX) NPORT-P RiverNorth/DoubleLine Strategic Income Fund (Dec 2021 report)

RiverNorth Core Opportunity Fund

SCHEDULE OF INVESTMENTS

December 31, 2021 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 72.76%
	383,467	Aberdeen Emerging Markets Equity Income Fund, Inc.	$	3,037,059
	124,211	BlackRock 2022 Global Income Opportunity Trust		5,242
	167,620	Blackrock Capital Allocation Trust		3,260,209
	196,520	Blackrock ESG Capital Allocation Trust		3,665,098
	15,497	Blackrock Health Sciences Trust II		393,004
	267,692	BlackRock Innovation & Growth Trust		3,892,242
	36,840	Blackrock Science & Technology Trust		1,840,895
	270,650	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		3,169,311
	103,401	Calamos Long/Short Equity & Dynamic Income Trust		2,014,251
	2,286	Clough Global Equity Fund		30,038
	5,256	Clough Global Opportunities Fund		55,924
	36,205	Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund		870,730
	126,500	First Trust Dynamic Europe Equity Income Fund		1,679,920
	97,153	First Trust Energy Infrastructure Fund		1,315,452
	65,362	First Trust MLP and Energy Income Fund		473,874
	310,655	First Trust New Opportunities MLP & Energy Fund		1,699,283
	197,991	GDL Fund		1,768,060
	543,475	Invesco Senior Income Trust		2,353,247
	11,123	LMP Capital and Income Fund, Inc.		169,070
	36,238	Macquarie Global Infrastructure Total Return Fund, Inc.		874,604
	23,728	Morgan Stanley Emerging Markets Debt Fund, Inc.		213,789
	137,854	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		755,440
	82,547	NexPoint Diversified Real Esta Trust		1,120,988
	62,896	Nuveen Core Plus Impact Fund		1,150,997
	439,479	Nuveen Credit Strategies Income Fund		2,852,219
	90,705	Nuveen Municipal Value Fund, Inc.		941,518
	103,864	Pershing Square Holdings Ltd.		4,268,810
	30,153	PGIM Short Duration High Yield Opportunities Fund		555,720
	23,999	PIMCO Dynamic Income Fund		621,806
	52,333	PIMCO Dynamic Income Opportunities Fund		1,023,633
	102,435	Special Opportunities Fund, Inc.		1,582,621
	177,008	Sprott Focus Trust, Inc.		1,522,269
	170,242	Sprott Physical Gold and Silver Trust(a)		3,020,093
	36,757	Virtus AllianzGI Convertible & Income Fund		214,293
	125,275	Western Asset Diversified Income Fund		2,293,785
TOTAL CLOSED-END FUNDS
(Cost $52,584,749)				54,705,494
BUSINESS DEVELOPMENT COMPANIES - 1.21%
	203,777	First Eagle Alternative Capital BDC, Inc.		910,883
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $857,759)				910,883
COMMON STOCKS - 9.12%
	13,110	Agba Acquisition, Ltd.(a)		144,603
	3,099	Apollo Strategic Growth Capital II(a)		30,866
	35,120	Ares Acquisition Corp.(a)		342,069
	20,156	Austerlitz Acquisition Corp. I(a)		195,715
	70,128	Austerlitz Acquisition Corp. II(a)		681,644
	50,000	CC Neuberger Principal Holdings II, Class A(a)		495,000

Shares/Description			Value
	40,000	CC Neuberger Principal Holdings III(a)	$	395,200
	40,405	Churchill Capital Corp. VI(a)		395,161
	40,840	Churchill Capital Corp. VII(a)		401,457
	900	Compute Health Acquisition Corp.(a)		8,946
	56,000	Conx Corp., Class A(a)		549,920
	42,000	Fortress Value Acquisition Corp. IV(a)		409,500
	35,400	Gores Holdings VII, Inc.(a)		346,212
	65,452	Jaws Mustang Acquisition Corp.(a)		638,157
	20,514	Khosla Ventures Acquisition Co. III(a)		200,217
	45,256	KKR Acquisition Holdings I Corp.(a)		440,793
	21,212	Landcadia Holdings IV, Inc.(a)		206,393
	12,447	Lazard Growth Acquisition Corp. I(a)		123,225
	22,145	Longview Acquisition Corp. II(a)		217,907
	10,753	Merida Merger Corp. I(a)		107,423
	20,984	Spartan Acquisition Corp. III, Class A(a)		207,112
	32,700	Tishman Speyer Innovation Corp. II(a)		318,825
TOTAL COMMON STOCKS
(Cost $6,819,617)				6,856,345
EXCHANGE TRADED FUNDS - 1.11%
	37,953	Invesco FTSE RAFI Emerging Markets Portfolio		830,791
TOTAL EXCHANGE TRADED FUNDS
(Cost $682,207)				830,791
PREFERRED STOCKS - 0.53%
	15,162	XAI Octagon Floating Rate Alternative Income Term Trust, Series 2026, 6.500%, 03/31/2026		396,183
TOTAL PREFERRED STOCKS
(Cost $378,879)				396,183

Shares/Principal Amount/Description			Rate		Maturity		Value
BUSINESS DEVELOPMENT COMPANY NOTES - 4.78%
United States - 4.78%
	78,041	First Eagle Alternative Capital BDC, Inc.		5.00%		05/25/2026		1,993,947
$	1,580,000	PennantPark Floating Rate Capital, Ltd.		4.25%		04/01/2026		1,600,552
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $3,549,485)								3,594,499

Principal Amount/Description			Rate		Maturity		Value
CONVERTIBLE CORPORATE BONDS - 2.60%
$	848,323	BlackRock Capital Investment Corp.		5.00%		06/15/2022		859,987
	190,456	BlackRock TCP Capital Corp.		4.63%		03/01/2022		192,132
	852,978	New Mountain Finance Corp.		5.75%		08/15/2023		905,223
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $1,783,528)								1,957,342

Shares/Description			Value
Rights - 0.00%(a)(b)
	13,110	Agba Acquisition, Ltd., Strike Price 11.50, Expires 12/31/2049		2,189

Shares/Description			Value
	20,487	Special Opportunities Fund, Inc., Strike Price 25.00, Expires 01/24/2022	$	902
TOTAL RIGHTS
(Cost $2,960)				3,091
Warrants - 0.15%(a)
	13,110	Agba Acquisition, Ltd., Strike Price 11.50, Expires 05/10/2024		2,867
	10,614	AgileThought, Inc., Strike Price 11.50, Expires 08/23/2026		7,005
	7,024	Ares Acquisition Corp., Strike Price 11.50, Expires 12/31/2027		6,259
	5,039	Austerlitz Acquisition Corp. I, Strike Price 11.50, Expires 02/19/2026		5,291
	5,032	Austerlitz Acquisition Corp. II, Strike Price 11.50, Expires 12/31/2027		4,921
	8,081	Churchill Capital Corp. VI, Strike Price 11.50, Expires 12/31/2027		8,283
	8,168	Churchill Capital Corp. VII, Strike Price 11.50, Expires 02/29/2028		8,169
	5,250	Fortress Value Acquisition Corp. IV, Strike Price 11.50, Expires 03/18/2028		4,410
	7,314	Ginkgo Bioworks Holdings, Inc., Strike Price 11.50, Expires 12/31/2027		16,384
	4,425	Gores Holdings VII, Inc., Strike Price 11.50, Expires 12/31/2027		6,062
	3,290	Jasper Therapeutics, Inc., Strike Price 11.50, Expires 12/01/2026		4,836
	10,113	Jaws Mustang Acquisition Corp., Strike Price 11.50, Expires 01/30/2026		10,416
	5,064	KKR Acquisition Holdings I Corp., Strike Price 11.50, Expires 12/31/2027		5,057
	5,303	Landcadia Holdings IV, Inc., Strike Price 11.50, Expires 05/12/2026		5,356
	4,429	Longview Acquisition Corp. II, Strike Price 11.50, Expires 05/10/2026		3,764
	5,376	Merida Merger Corp. I, Strike Price 11.50, Expires 11/07/2026		5,699
	6,540	Tishman Speyer Innovation Corp. II, Strike Price 11.50, Expires 12/31/2027		5,043
TOTAL WARRANTS
(Cost $122,819)				109,822

Short-Term Investments - 17.11%
Money Market Fund - 17.11%
12,863,254 State Street Institutional Trust (7 Day Yield 0.01%)		12,863,254
TOTAL SHORT-TERM INVESTMENTS
(Cost $12,863,254)		12,863,254
TOTAL INVESTMENTS - 109.37%
(Cost $79,645,257)	$	82,227,704
LIABILITIES IN EXCESS OF OTHER ASSETS - (9.37)%		(7,043,004	)
NET ASSETS - 100.00%	$	75,184,700

^(a) Non-income producing security.

^(b) Less than 0.005%.

See Notes to Quarterly Schedule of Investments. 

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RiverNorth/DoubleLine Strategic Income Fund

SCHEDULE OF INVESTMENTS

December 31, 2021 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 12.10%
	584,997	AllianceBernstein Global High Income Fund, Inc.	$	7,096,014
	250,890	Barings Global Short Duration High Yield Fund		4,350,433
	164,823	BlackRock Floating Rate Income Strategies Fund, Inc.		2,213,573
	990,397	Blackstone Strategic Credit Fund		13,360,455
	1,320,021	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		15,457,446
	956,865	Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund		23,012,603
	554,519	Invesco Dynamic Credit Opportunity Fund		6,903,761
	2,445,594	Invesco Senior Income Trust		10,589,422
	326,698	Morgan Stanley Emerging Markets Debt Fund, Inc.		2,943,549
	1,449,660	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		7,944,137
	680,857	Nuveen Core Plus Impact Fund		12,459,683
	3,081,522	Nuveen Credit Strategies Income Fund		19,999,078
	722,194	Nuveen Floating Rate Income Opportunity Fund		7,315,825
	54,373	Nuveen Global High Income Fund		863,443
	721,262	Nuveen Senior Income Fund		4,255,446
	787,102	PGIM Global High Yield Fund, Inc.		11,877,369
	608,552	PGIM High Yield Bond Fund, Inc.		9,767,260
	564,348	PGIM Short Duration High Yield Opportunities Fund		10,400,934
	301,687	PIMCO Dynamic Income Fund		7,816,710
	799,151	PIMCO Dynamic Income Opportunities Fund		15,631,394
	624,128	Templeton Emerging Markets Income Fund		4,549,893
	1,784,057	Virtus AllianzGI Convertible & Income Fund		10,401,052
	331,750	Virtus AllianzGI Diversified Income & Convertible Fund(a)		8,930,710
	847,810	Western Asset Diversified Income Fund		15,523,401
	163,424	Western Asset Emerging Markets Debt Fund, Inc.		2,091,827
	2,962,466	Western Asset High Income Opportunity Fund, Inc.		15,404,823
TOTAL CLOSED-END FUNDS
(Cost $241,624,423)				251,160,241
BUSINESS DEVELOPMENT COMPANIES - 0.55%
	950,753	Barings BDC, Inc.		10,477,298
	47,627	Solar Capital, Ltd.		877,766
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $10,683,353)				11,355,064
COMMON STOCKS - 7.65%
	1,147,300	Apollo Strategic Growth Capital(b)		11,323,851
	975,000	Apollo Strategic Growth Capital II(b)		9,535,500
	1,270,200	Ares Acquisition Corp.(b)		12,371,748
	224,002	Austerlitz Acquisition Corp. I(b)		2,175,059
	1,362,554	Austerlitz Acquisition Corp. II(b)		13,244,025
	25,534	BlackRock TCP Capital Corp.		344,964
	125,000	Bridgetown Holdings, Ltd.(b)		1,227,500
	1,160,000	CC Neuberger Principal Holdings II, Class A(b)		11,484,000
	229,800	CC Neuberger Principal Holdings III(b)		2,270,424
	467,400	Churchill Capital Corp. V(b)		4,599,216
	900,000	Churchill Capital Corp. VI(b)		8,802,000
	880,000	Churchill Capital Corp. VII(b)		8,650,400
	750,000	Compute Health Acquisition Corp.(b)		7,297,500
	473,151	Conx Corp., Class A(b)		4,646,343

Shares/Description				Value
	350,000	Far Peak Acquisition Corp.(b)	$	3,521,000
	459,244	Fortress Value Acquisition Corp. IV(b)		4,477,629
	12,164	Frontera Energy Corp.(b)		99,015
	220,000	FTAC Hera Acquisition Corp.(b)		2,149,400
	267,297	Gores Holdings VII, Inc.(b)		2,614,165
	52,500	Gores Technology Partners II, Inc.(b)		519,750
	1,234,046	Jaws Mustang Acquisition Corp.(b)		12,031,949
	484,160	KKR Acquisition Holdings I Corp.(b)		4,715,718
	400,000	Landcadia Holdings IV, Inc.(b)		3,892,000
	590,000	Lazard Growth Acquisition Corp. I(b)		5,740,700
	31,580	McDermott International, Ltd.(b)		12,948
	75,000	MSD Acquisition Corp.(b)		741,750
	259,482	Pershing Square Tontine Holdings, Ltd.(b)		5,116,985
	275,000	RedBall Acquisition Corp.(b)		2,728,000
	625,000	Social Capital Hedosophia Holdings Corp. VI(b)		6,368,750
	250,000	SVF Investment Corp.(b)		2,510,000
	350,000	Trebia Acquisition Corp.(b)		3,486,000
TOTAL COMMON STOCKS
(Cost $159,878,200)				158,698,289
OPEN-END FUNDS - 1.59%
	3,468,880	RiverNorth/Oaktree High Income Fund, Class I(c)		32,911,690
TOTAL OPEN-END FUNDS
(Cost $33,715,728)				32,911,690
PREFERRED STOCKS - 0.01%
	267,191	Riverbed Tech Pref A, 1.500%, 11/17/2028(b)		191,042
TOTAL PREFERRED STOCKS
(Cost $188,615)				191,042

Shares/Principal Amount/Description			Rate	Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 0.68%
United States - 0.68%
	246,313	First Eagle Alternative Capital BDC, Inc.	5.00%	05/25/2026		6,293,297
	32,069	Oxford Square Capital Corp.	6.50%	03/30/2024		811,025
	49,593	Oxford Square Capital Corp.	6.25%	04/30/2026		1,260,654
$	5,770,000	PennantPark Floating Rate Capital, Ltd.	4.25%	04/01/2026		5,845,054
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $13,948,945)						14,210,030

Principal Amount/Description			Rate	Maturity	Value
FOREIGN CORPORATE BONDS - 4.31%
Argentina - 0.07%
$	150,000	AES Argentina Generacion SA(d)	7.75%	02/02/2024		127,709
	600,000	Banco Macro SA(d)(e)	6.75%	11/04/2026		500,880
	150,000	Pampa Energia SA(f)	9.13%	04/15/2029		132,778
	450,000	Pampa Energia SA(d)	9.13%	04/15/2029		398,336
	575,629	Stoneway Capital Corp.(d)(g)	10.00%	03/01/2027		180,609
	150,000	Telecom Argentina SA(d)	8.00%	07/18/2026		143,143
						1,483,455

Principal Amount/Description			Rate	Maturity	Value
Australia - 0.31%
$	1,000,000	APT Pipelines, Ltd.(f)	4.25%	07/15/2027	$	1,101,600
	990,000	Australia & New Zealand Banking Group, Ltd.(e)(f)	5Y US TI + 1.70%	11/25/2035		949,085
	675,000	Commonwealth Bank of Australia(f)	4.32%	01/10/2048		789,257
	180,000	Macquarie Group, Ltd.(e)(f)	1D US SOFR + 0.91%	09/23/2027		176,476
	995,000	Macquarie Group, Ltd.(e)(f)	1D US SOFR + 1.532%	01/14/2033		992,806
	475,000	National Australia Bank, Ltd.(f)	2.99%	05/21/2031		476,879
	340,000	NBN Co., Ltd.(f)	1.45%	05/05/2026		335,164
	500,000	Sydney Airport Finance Co. Pty, Ltd.(f)	3.38%	04/30/2025		524,248
	500,000	Sydney Airport Finance Co. Pty, Ltd.(f)	3.63%	04/28/2026		530,435
	460,000	Westpac Banking Corp.(e)	5Y US TI + 1.53%	11/18/2036		455,226
						6,331,176
Bermuda - 0.02%
	300,000	Investment Energy Resources, Ltd.(f)	6.25%	04/26/2029		322,566
Brazil - 0.09%
	800,000	Banco do Brasil SA(a)(e)	6.25%	Perpetual Maturity		795,784
	200,000	Banco do Estado do Rio Grande do Sul SA(e)(f)	5Y US TI + 4.93%	01/28/2031		194,712
	950,000	Oi SA(h)	10.00%    (4.00%)	07/27/2025		834,694
						1,825,190
British Virgin Islands - 0.03%
	550,000	TSMC Global, Ltd.(f)	1.25%	04/23/2026		539,272
Canada - 0.41%
	530,000	Bank of Montreal(e)	3.80%	12/15/2032		568,911
	270,000	CCL Industries, Inc.(f)	3.05%	06/01/2030		279,596
	245,000	CI Financial Corp.	4.10%	06/15/2051		266,137
	220,000	Eldorado Gold Corp.(f)	6.25%	09/01/2029		224,026
	350,000	Enbridge, Inc.	3.40%	08/01/2051		355,642
	850,000	Frontera Energy Corp.(f)	7.88%	06/21/2028		797,122
	225,000	Garda World Security Corp.(f)	6.00%	06/01/2029		215,191
	600,000	Gran Tierra Energy, Inc.(f)	7.75%	05/23/2027		545,850
	400,000	Gran Tierra Energy, Inc.(d)	7.75%	05/23/2027		363,900
	160,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.(f)	5.00%	12/31/2026		158,226
	1,430,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.(f)	7.00%	12/31/2027		1,350,192
	205,000	Mattamy Group Corp.(f)	4.63%	03/01/2030		209,085
	160,000	MEG Energy Corp.(f)	7.13%	02/01/2027		170,629
	25,000	MEG Energy Corp.(f)	5.88%	02/01/2029		26,209
	745,000	Nutrien, Ltd.	4.20%	04/01/2029		841,200
	155,000	Parkland Corp.(f)	4.50%	10/01/2029		155,377
	420,000	Superior Plus LP / Superior General Partner, Inc.(f)	4.50%	03/15/2029		432,314
	240,000	Telesat Canada / Telesat LLC(f)	5.63%	12/06/2026		225,634
	372,000	Tervita Corp.(f)	11.00%	12/01/2025		429,180
	750,000	TransCanada PipeLines, Ltd.	4.25%	05/15/2028		837,047
						8,451,468
Cayman Islands - 0.24%
	400,000	Banco do Brasil SA(a)(e)	10Y US TI + 6.362%	Perpetual Maturity		427,092

Principal Amount/Description			Rate	Maturity	Value
$	200,000	Banco Mercantil del Norte SA/Grand Cayman(a)(e)(f)	7.50%	Perpetual Maturity	$	213,083
	200,000	Banco Mercantil del Norte SA/Grand Cayman(a)(e)(f)	10Y US TI + 5.034%	Perpetual Maturity		199,400
	200,000	Banco Mercantil del Norte SA/Grand Cayman(a)(d)(e)	7.63%	Perpetual Maturity		214,980
	300,000	Banco Mercantil del Norte SA/Grand Cayman(a)(e)	10Y US TI + 5.47%	Perpetual Maturity		319,625
	500,000	CK Hutchison Capital Securities 17, Ltd.(a)(d)(e)	4.00%	Perpetual Maturity		504,446
	166,440	Global Aircraft Leasing Co., Ltd.(f)(h)	6.50%    (7.25%)	09/15/2024		160,800
	624,000	Gran Tierra Energy International Holdings, Ltd.(d)	6.25%	02/15/2025		569,238
	494,217	Interoceanica IV Finance, Ltd.(i)	0.00%	11/30/2025		464,873
	200,000	Itau Unibanco Holding SA Island(a)(e)(f)	4.63%	Perpetual Maturity		187,705
	400,000	Itau Unibanco Holding SA Island(d)(e)	5Y US TI + 3.88%	04/15/2031		384,610
	200,000	Itau Unibanco Holding SA Island(a)(d)(e)	5Y US TI + 6.13%	Perpetual Maturity		201,558
	600,000	Itau Unibanco Holding SA Island(a)(d)(e)	5Y US TI + 4.63%	Perpetual Maturity		563,115
	150,100	Lima Metro Line 2 Finance, Ltd.(f)	5.88%	07/05/2034		172,732
	200,000	SA Global Sukuk, Ltd.(f)	2.69%	06/17/2031		201,546
	260,000	Transocean Poseidon, Ltd.(f)	6.88%	02/01/2027		251,495
						5,036,298
Chile - 0.31%
	600,000	AES Andes SA(e)(f)	6.35%	10/07/2079		611,718
	500,000	AES Andes SA(e)	7.13%	03/26/2079		518,202
	400,000	AES Andes SA(d)(e)	6.35%	10/07/2079		407,812
	200,000	Antofagasta PLC(d)	2.38%	10/14/2030		190,287
	200,000	CAP SA(f)	3.90%	04/27/2031		188,197
	700,000	CAP SA(d)	3.90%	04/27/2031		658,690
	900,000	Empresa de Transporte de Pasajeros Metro SA(f)	5.00%	01/25/2047		1,049,783
	316,960	Empresa Electrica Cochrane SpA(d)	5.50%	05/14/2027		317,676
	600,000	Geopark, Ltd.(d)	6.50%	09/21/2024		615,702
	423,540	GNL Quintero SA(d)	4.63%	07/31/2029		450,140
	1,000,000	Guacolda Energia SA(d)	4.56%	04/30/2025		336,250
	750,000	Transelec SA(d)	3.88%	01/12/2029		802,339
	200,000	VTR Finance NV(d)	6.38%	07/15/2028		208,292
						6,355,088
China - 0.09%
	300,000	Agile Group Holdings, Ltd.(a)	7.88%	Perpetual Maturity		144,075
	495,000	Agile Group Holdings, Ltd.(a)(e)	7.75%	Perpetual Maturity		237,724
	200,000	Agile Group Holdings, Ltd.(a)(e)	6.88%	Perpetual Maturity		96,000
	200,000	Central China Real Estate, Ltd.	7.25%	04/24/2023		139,000
	700,000	Central China Real Estate, Ltd.	7.25%	07/16/2024		441,000
	200,000	Logan Group Co., Ltd.(a)(e)	5Y US TI + 6.00%	Perpetual Maturity		173,500
	400,000	Ronshine China Holdings, Ltd.	7.35%	12/15/2023		152,000
	600,000	Ronshine China Holdings, Ltd.	6.75%	08/05/2024		228,000
	350,000	Yuzhou Group Holdings Co., Ltd.	8.30%	05/27/2025		103,250
	600,000	Yuzhou Group Holdings Co., Ltd.	7.38%	01/13/2026		174,000
						1,888,549

Principal Amount/Description			Rate	Maturity	Value
Colombia - 0.29%
$	19,062	Alpha Capital SAS / AlphaDebit S.A. de C.V(f)(h)	10.00%    (0.00%)	02/01/2022	$	19,062
	450,000	Banco Davivienda SA(a)(e)(f)	10Y US TI + 5.10%	Perpetual Maturity		457,382
	650,000	Banco GNB Sudameris SA(e)(f)	5Y US TI + 6.66%	04/16/2031		647,663
	391,000	Banco GNB Sudameris SA(d)(e)	5Y US TI + 4.56%	04/03/2027		389,096
	350,000	Credivalores-Crediservicios SAS(f)	8.88%	02/07/2025		259,913
	200,000	Credivalores-Crediservicios SAS(d)	9.75%	07/27/2022		192,819
	400,000	Credivalores-Crediservicios SAS(d)	8.88%	02/07/2025		297,044
	100,000	Ecopetrol SA	4.63%	11/02/2031		97,401
	950,000	Ecopetrol SA	5.88%	05/28/2045		910,067
	600,000	Ecopetrol SA	5.88%	11/02/2051		563,082
	400,000	Empresas Publicas de Medellin ESP(d)	4.25%	07/18/2029		380,106
	700,000	Empresas Publicas de Medellin ESP(d)	4.38%	02/15/2031		659,162
	150,000	Gilex Holding SARL(f)	8.50%	05/02/2023		152,475
	750,000	Gilex Holding SARL	8.50%	05/02/2023		762,375
	200,000	Oleoducto Central SA(d)	4.00%	07/14/2027		199,100
						5,986,747
Cyprus - 0.03%
	600,000	Interpipe Holdings PLC(f)	8.38%	05/13/2026		543,300
France - 0.05%
	725,000	BNP Paribas SA(e)(f)	1D SOFR + 1.51%	01/13/2031		746,564
	340,000	BPCE SA(f)	1.00%	01/20/2026		329,185
						1,075,749
Great Britain - 0.26%
	710,000	Anglo American Capital PLC(f)	4.50%	03/15/2028		783,161
	765,000	Barclays PLC(e)	3M US L + 1.38%	05/16/2024		774,687
	930,000	HSBC Holdings PLC(e)	3M US L + 1.38%	09/12/2026		956,054
	730,000	Lloyds Banking Group PLC(e)	3M US L + 1.21%	11/07/2028		780,238
	535,000	NatWest Markets PLC(f)	0.80%	08/12/2024		526,462
	500,000	Tullow Oil PLC(f)	10.25%	05/15/2026		505,847
	450,000	Vedanta Resources Finance II PLC(f)	9.25%	04/23/2026		419,938
	200,000	Vedanta Resources Finance II PLC(d)	9.25%	04/23/2026		186,639
	480,000	Weir Group PLC(f)	2.20%	05/13/2026		473,772
						5,406,798
Hong Kong - 0.06%
	200,000	Bangkok Bank PCL(a)(e)	5Y US TI + 4.73%	Perpetual Maturity		207,806
	200,000	Kasikornbank PCL(a)(e)	5Y US TI + 4.94%	Perpetual Maturity		209,929
	400,000	RKP Overseas Finance, Ltd.(a)	7.75%	Perpetual Maturity		341,762
	600,000	RKP Overseas Finance, Ltd.(a)	7.95%	Perpetual Maturity		518,655
						1,278,152
India - 0.10%
	392,000	Adani International Container Terminal Pvt, Ltd.(d)	3.00%	02/16/2031		378,053
	200,000	Adani Ports & Special Economic Zone, Ltd.(d)	4.38%	07/03/2029		208,869
	500,000	Adani Ports & Special Economic Zone, Ltd.	3.10%	02/02/2031		476,610
	400,000	Reliance Industries, Ltd.(d)	5.40%	02/14/2022		401,849
	200,000	UltraTech Cement, Ltd.(d)	2.80%	02/16/2031		193,300

Principal Amount/Description			Rate	Maturity	Value
$	400,000	Vedanta Resources, Ltd.	6.13%	08/09/2024	$	348,500
						2,007,181
Indonesia - 0.04%
	500,000	ABM Investama Tbk PT(f)	9.50%	08/05/2026		477,598
	300,000	Pertamina Persero PT(d)	4.15%	02/25/2060		302,353
						779,951
Ireland - 0.12%
	895,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust	3.40%	10/29/2033		912,329
	390,000	Aptiv PLC	3.10%	12/01/2051		372,187
	575,000	Avolon Holdings Funding, Ltd.(f)	3.25%	02/15/2027		579,428
	515,000	GE Capital International Funding Co. Unlimited Co	4.42%	11/15/2035		615,426
						2,479,370
Israel - 0.05%
	900,000	Israel Electric Corp., Ltd.(f)	5.00%	11/12/2024		977,737
Jamaica - 0.00%(j)
	66,295	Digicel Group Holdings, Ltd.(f)(h)	8.00%    (8.00%)	04/01/2025		61,478
Japan - 0.08%
	770,000	Mitsubishi UFJ Financial Group, Inc.	1.41%	07/17/2025		766,369
	880,000	Renesas Electronics Corp.(f)	2.17%	11/25/2026		877,569
						1,643,938
Luxembourg - 0.06%
	150,000	Atento Luxco 1 SA(f)	8.00%	02/10/2026		160,408
	135,000	Endo Luxembourg Finance Co. I SARL / Endo US, Inc.(f)	6.13%	04/01/2029		132,567
	305,000	EverArc Escrow Sarl(f)	5.00%	10/30/2029		305,685
	400,000	FS Luxembourg SARL(f)	10.00%	12/15/2025		438,994
	270,000	Millicom International Cellular SA(d)	6.25%	03/25/2029		293,980
						1,331,634
Malaysia - 0.05%
	800,000	Petronas Capital, Ltd.(f)	2.48%	01/28/2032		803,623
	200,000	TNB Global Ventures Capital Bhd	3.24%	10/19/2026		208,970
						1,012,593
Mexico - 0.29%
	700,000	Alpha Holding SA de CV(f)	9.00%	02/10/2025		103,859
	200,000	Alpha Holding SA de CV	9.00%	02/10/2025		29,674
	500,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand(a)(e)	8.50%	Perpetual Maturity		502,250
	800,000	Braskem Idesa SAPI(f)	6.99%	02/20/2032		804,320
	500,000	Credito Real SAB de CV SOFOM ER(d)	9.50%	02/07/2026		323,650
	950,000	Credito Real SAB de CV SOFOM ER(a)(d)(e)	9.13%	Perpetual Maturity		459,719
	800,000	Mexarrend SAPI de CV(f)	10.25%	07/24/2024		717,108
	200,000	Mexarrend SAPI de CV(d)	10.25%	07/24/2024		179,277
	700,000	Operadora de Servicios Mega SA de CV Sofom ER(f)	8.25%	02/11/2025		651,718
	750,000	Petroleos Mexicanos	6.38%	01/23/2045		652,714
	700,000	Petroleos Mexicanos	6.75%	09/21/2047		622,632
	200,000	TV Azteca SAB de CV(g)	8.25%	08/09/2024		136,752
	200,000	Unifin Financiera SAB de CV(d)	7.38%	02/12/2026		166,772
	1,200,000	Unifin Financiera SAB de CV(a)(d)(e)	8.88%	Perpetual Maturity		711,198
						6,061,643

Principal Amount/Description			Rate	Maturity	Value
Netherlands - 0.27%
$	400,000	Equate Petrochemical BV(d)	2.63%	04/28/2028	$	401,500
	650,000	Jababeka International BV(d)	6.50%	10/05/2023		610,442
	800,000	Metinvest BV(d)	7.75%	10/17/2029		793,256
	200,000	Minejesa Capital BV	4.63%	08/10/2030		206,152
	1,200,000	Minejesa Capital BV	5.63%	08/10/2037		1,255,812
	500,000	NGD Holdings BV	6.75%	12/31/2026		458,750
	420,000	NXP BV / NXP Funding LLC / NXP USA, Inc.(f)	3.88%	06/18/2026		453,748
	600,000	Petrobras Global Finance BV	6.90%	03/19/2049		639,909
	200,000	Petrobras Global Finance BV	6.75%	06/03/2050		209,531
	700,000	Petrobras Global Finance BV	5.50%	06/10/2051		650,632
						5,679,732
Panama - 0.07%
	400,000	Banco General SA(a)(e)(f)	10Y US TI + 3.67%	Perpetual Maturity		405,602
	200,000	Multibank, Inc.(d)	4.38%	11/09/2022		203,963
	673,342	UEP Penonome II SA(f)	6.50%	10/01/2038		705,892
	192,383	UEP Penonome II SA(d)	6.50%	10/01/2038		201,683
						1,517,140
Paraguay - 0.03%
	700,000	Frigorifico Concepcion SA(f)	7.70%	07/21/2028		706,265
Peru - 0.22%
	400,000	Banco de Credito del Peru(d)(e)	5Y US TI + 3.13%	07/01/2030		395,666
	750,000	Banco Internacional del Peru SAA Interbank(e)	1Y US TI + 3.71%	07/08/2030		746,224
	300,000	Camposol SA(f)	6.00%	02/03/2027		311,584
	400,000	Camposol SA(d)	6.00%	02/03/2027		415,446
	500,000	Cia de Minas Buenaventura SAA(f)	5.50%	07/23/2026		488,515
	862,200	Hunt Oil Co. of Peru LLC Sucursal Del Peru(d)	6.38%	06/01/2028		872,977
	700,000	Inkia Energy, Ltd.(d)	5.88%	11/09/2027		718,491
	800,000	Peru LNG Srl(d)	5.38%	03/22/2030		693,248
						4,642,151
Qatar - 0.03%
	700,000	Qatar Energy(d)	2.25%	07/12/2031		695,169
Singapore - 0.32%
	715,000	BOC Aviation, Ltd.(e)(f)	3M US L + 1.13%	09/26/2023		717,324
	200,000	DBS Group Holdings, Ltd.(e)	5Y US TI + 1.82%	03/10/2031		197,859
	200,000	DBS Group Holdings, Ltd.(a)(e)	5Y US TI + 1.92%	Perpetual Maturity		203,842
	500,000	Medco Laurel Tree Pte, Ltd.(f)	6.95%	11/12/2028		495,956
	200,000	ONGC Videsh Vankorneft Pte, Ltd.	3.75%	07/27/2026		209,740
	700,000	Oversea-Chinese Banking Corp., Ltd.(e)(f)	5Y US TI + 1.58%	09/10/2030		694,974
	700,000	PSA Treasury Pte, Ltd.	2.25%	04/30/2030		715,269
	200,000	PSA Treasury Pte, Ltd.	2.13%	09/05/2029		202,259
	600,000	Singtel Group Treasury	1.88%	06/10/2030		591,322
	350,000	Temasek Financial I, Ltd.(f)	1.00%	10/06/2030		325,581
	250,000	Temasek Financial I, Ltd.(d)	1.00%	10/06/2030		232,557
	500,000	Temasek Financial I, Ltd.(d)	1.63%	08/02/2031		484,853
	400,000	Theta Capital Pte, Ltd.	8.13%	01/22/2025		422,162
	500,000	Theta Capital Pte, Ltd.	6.75%	10/31/2026		504,109
	700,000	United Overseas Bank, Ltd.(e)	5Y US TI + 1.75%	03/16/2031		690,998
						6,688,805

Principal Amount/Description			Rate	Maturity	Value
South Korea - 0.15%
$	200,000	Korea East-West Power Co., Ltd.(f)	1.75%	05/06/2025	$	201,624
	400,000	Korea East-West Power Co., Ltd.	1.75%	05/06/2025		403,248
	500,000	Korea Electric Power Corp.(d)	1.13%	06/15/2025		494,102
	400,000	Korea Hydro & Nuclear Power Co., Ltd.(f)	1.25%	04/27/2026		393,074
	400,000	KT Corp.	1.00%	09/01/2025		392,436
	200,000	KT Corp.	1.38%	01/21/2027		195,548
	200,000	KT Corp.(d)	2.50%	07/18/2026		206,920
	200,000	LG Chem, Ltd.(f)	2.38%	07/07/2031		196,936
	200,000	NongHyup Bank(f)	1.25%	07/20/2025		198,186
	200,000	POSCO	2.38%	01/17/2023		202,271
	200,000	Shinhan Financial Group Co., Ltd.(a)(e)(f)	5Y US TI + 2.06%	Perpetual Maturity		197,685
						3,082,030
Spain - 0.06%
	500,000	AES Andres BV(f)	5.70%	05/04/2028		509,460
	250,000	AI Candelaria Spain SA(f)	5.75%	06/15/2033		242,226
	550,000	AI Candelaria Spain SA(d)	5.75%	06/15/2033		532,898
						1,284,584
Switzerland - 0.04%
	865,000	Credit Suisse Group AG(e)(f)	1D US SOFR + 0.98%	02/02/2027		836,595
Thailand - 0.01%
	200,000	PTTEP Treasury Center Co., Ltd.(f)	2.59%	06/10/2027		204,089
Trinidad and Tobago - 0.01%
	200,000	Telecommunications Services of Trinidad & Tobago, Ltd.(d)	8.88%	10/18/2029		213,111
United Arab Emirates - 0.05%
	300,000	Galaxy Pipeline Assets Bidco, Ltd.(f)	2.16%	03/31/2034		294,746
	500,000	Galaxy Pipeline Assets Bidco, Ltd.(d)	2.63%	03/31/2036		489,749
	300,000	Galaxy Pipeline Assets Bidco, Ltd.(d)	2.94%	09/30/2040		299,292
						1,083,787
TOTAL FOREIGN CORPORATE BONDS
(Cost $93,943,345)						89,512,791
U.S. CORPORATE BONDS - 6.95%
Advertising - 0.02%
	130,000	Clear Channel Outdoor Holdings, Inc.(f)	7.50%	06/01/2029		138,999
	250,000	Interpublic Group of Cos., Inc.	5.40%	10/01/2048		340,194
						479,193
Aerospace/Defense - 0.16%
	445,000	Boeing Co.	2.95%	02/01/2030		453,872
	205,000	Boeing Co.	3.75%	02/01/2050		213,632
	525,000	Northrop Grumman Corp.	5.15%	05/01/2040		682,561
	180,000	Raytheon Technologies Corp.	3.03%	03/15/2052		181,258
	220,000	TransDigm, Inc.(f)	6.25%	03/15/2026		228,941
	135,000	TransDigm, Inc.	5.50%	11/15/2027		139,290
	1,115,000	Triumph Group, Inc.(f)	6.25%	09/15/2024		1,123,190
	280,000	Triumph Group, Inc.	7.75%	08/15/2025		278,191
						3,300,935

Principal Amount/Description			Rate	Maturity	Value
Agriculture - 0.08%
$	890,000	BAT Capital Corp.	3.46%	09/06/2029	$	923,204
	420,000	Bunge, Ltd. Finance Corp.	2.75%	05/14/2031		426,704
	321,693	Pyxus Holdings, Inc.	10.00%	08/24/2024		276,991
						1,626,899
Airlines - 0.13%
	1,000,000	American Airlines 2021-1 Class B Pass Through Trust	3.95%	07/11/2030		990,918
	660,000	American Airlines, Inc./AAdvantage Loyalty IP, Ltd.(f)	5.75%	04/20/2029		706,698
	425,000	Southwest Airlines Co.	4.75%	05/04/2023		445,221
	210,069	United Airlines 2016-1 Class B Pass Through Trust	3.65%	01/07/2026		208,099
	355,000	United Airlines, Inc.(f)	4.63%	04/15/2029		366,832
						2,717,768
Auto Manufacturers - 0.13%
	240,000	Ford Motor Co.	3.25%	02/12/2032		246,240
	650,000	Ford Motor Credit Co. LLC(e)	3M US L + 1.24%	02/15/2023		648,971
	455,000	General Motors Financial Co., Inc.	2.40%	10/15/2028		454,098
	705,000	Hyundai Capital America(f)	2.65%	02/10/2025		723,008
	165,000	Hyundai Capital America(f)	1.80%	10/15/2025		164,244
	355,000	Volkswagen Group of America Finance LLC(f)	4.25%	11/13/2023		375,044
						2,611,605
Auto Parts & Equipment - 0.14%
	220,000	American Axle & Manufacturing, Inc.	5.00%	10/01/2029		216,157
	94,000	Clarios Global LP / Clarios US Finance Co.(f)	6.25%	05/15/2026		98,466
	1,115,000	Dealer Tire LLC / DT Issuer LLC(f)	8.00%	02/01/2028		1,162,204
	200,000	Goodyear Tire & Rubber Co.(f)	5.25%	07/15/2031		217,440
	1,179,000	Wheel Pros, Inc.(f)	6.50%	05/15/2029		1,133,496
						2,827,763
Banks - 0.30%
	305,000	Bank of America Corp.(e)	1D US SOFR + 1.21%	10/20/2032		306,687
	800,000	Bank of America Corp.(e)	5Y US TI + 2.48%	09/21/2036		775,781
	965,000	Citigroup, Inc.(e)	3M US L + 1.10%	05/17/2024		975,742
	455,000	Deutsche Bank AG(e)	1D US SOFR + 1.219%	11/16/2027		455,065
	995,000	Goldman Sachs Group, Inc.(e)	3M US L + 1.17%	05/15/2026		1,015,633
	315,000	Goldman Sachs Group, Inc.(e)	1D US SOFR + 0.82%	09/10/2027		315,610
	320,000	JPMorgan Chase & Co.(e)	1D SOFR + 1.02%	06/01/2029		317,571
	500,000	JPMorgan Chase & Co.(e)	1D US SOFR + 2.04%	04/22/2031		505,908
	810,000	Morgan Stanley(e)	1D SOFR + 2.48%	09/16/2036		780,845
	370,000	Wells Fargo & Co.(e)	3M US L + 1.17%	06/17/2027		390,288
	390,000	Wells Fargo & Co.(e)	1D US SOFR + 1.43%	10/30/2030		405,845
						6,244,975
Beverages - 0.17%
	785,000	Anheuser-Busch InBev Worldwide, Inc.	4.60%	04/15/2048		962,001
	250,000	Constellation Brands, Inc.	3.15%	08/01/2029		263,943
	135,000	Constellation Brands, Inc.	2.88%	05/01/2030		138,700
	400,000	Keurig Dr Pepper, Inc.	3.80%	05/01/2050		444,141

Principal Amount/Description			Rate	Maturity	Value
$	150,000	Primo Water Holdings, Inc.(f)	4.38%	04/30/2029	$	148,746
	1,555,000	Triton Water Holdings, Inc.(f)	6.25%	04/01/2029		1,493,593
						3,451,124
Biotechnology - 0.04%
	340,000	Illumina, Inc.	0.55%	03/23/2023		338,374
	425,000	Royalty Pharma PLC	3.30%	09/02/2040		424,553
						762,927
Building Materials - 0.05%
	460,000	Carrier Global Corp.	3.38%	04/05/2040		481,606
	130,000	Griffon Corp.	5.75%	03/01/2028		135,278
	375,000	Owens Corning	4.40%	01/30/2048		440,252
						1,057,136
Chemicals - 0.10%
	140,000	CVR Partners LP / CVR Nitrogen Finance Corp.(f)	6.13%	06/15/2028		147,906
	780,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.(f)	9.00%	07/01/2028		832,911
	215,000	Kraton Polymers LLC / Kraton Polymers Capital Corp.(f)	4.25%	12/15/2025		222,818
	180,000	Sherwin-Williams Co.	2.90%	03/15/2052		176,239
	230,000	Unifrax Escrow Issuer Corp.(f)	5.25%	09/30/2028		232,921
	130,000	Unifrax Escrow Issuer Corp.(f)	7.50%	09/30/2029		131,485
	290,000	WR Grace Holdings LLC(f)	5.63%	08/15/2029		297,613
						2,041,893
Coal - 0.01%
	47,492	Peabody Energy Corp.(f)(h)	8.50%    (8.50%)	12/31/2024		45,279
	180,000	SunCoke Energy, Inc.(f)	4.88%	06/30/2029		179,371
						224,650
Commercial Services - 0.10%
	90,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(f)	6.63%	07/15/2026		94,543
	175,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(f)	9.75%	07/15/2027		187,178
	300,000	Metis Merger Sub LLC(f)	6.50%	05/15/2029		295,079
	120,000	NESCO Holdings II, Inc.(f)	5.50%	04/15/2029		124,113
	410,000	PECF USS Intermediate Holding III Corp.(f)	8.00%	11/15/2029		425,186
	335,000	Sabre GLBL, Inc.(f)	7.38%	09/01/2025		350,531
	175,000	Triton Container International, Ltd.(f)	1.15%	06/07/2024		172,600
	510,000	WASH Multifamily Acquisition, Inc.(f)	5.75%	04/15/2026		536,619
						2,185,849
Computers - 0.08%
	700,000	Austin BidCo, Inc.(f)	7.13%	12/15/2028		723,744
	460,000	Fortinet, Inc.	1.00%	03/15/2026		446,014
	405,000	NetApp, Inc.	1.88%	06/22/2025		408,383
						1,578,141
Containers and Packaging - 0.02%
	400,000	Packaging Corp. of America	3.40%	12/15/2027		431,425
Cosmetics/Personal Care - 0.01%
	125,000	Coty, Inc.(f)	6.50%	04/15/2026		129,066
	130,000	Coty, Inc.(f)	5.00%	04/15/2026		134,086
				��		263,152

Principal Amount/Description			Rate	Maturity	Value
Distribution/Wholesale - 0.01%
$	193,000	Wolverine Escrow LLC(f)	9.00%	11/15/2026	$	183,565
Diversified Financial Services - 0.31%
	270,000	Air Lease Corp.	1.88%	08/15/2026		265,808
	835,000	Air Methods Corp.(f)	8.00%	05/15/2025		715,837
	440,000	Aircastle, Ltd.(f)	2.85%	01/26/2028		442,864
	735,000	Aviation Capital Group LLC(f)	1.95%	09/20/2026		714,656
	240,000	Blackstone Private Credit Fund(f)	2.63%	12/15/2026		234,117
	1,055,000	Discover Financial Services	4.10%	02/09/2027		1,144,323
	385,000	Nationstar Mortgage Holdings, Inc.(f)	5.75%	11/15/2031		383,616
	95,000	Navient Corp.	5.00%	03/15/2027		96,983
	120,000	NFP Corp.(f)	6.88%	08/15/2028		120,526
	245,000	OneMain Finance Corp.	6.63%	01/15/2028		274,749
	305,000	PennyMac Financial Services, Inc.(f)	4.25%	02/15/2029		293,689
	740,000	Synchrony Financial	3.95%	12/01/2027		795,259
	925,000	Western Union Co.	2.75%	03/15/2031		911,607
						6,394,034
Electric - 0.48%
	155,000	Calpine Corp.(f)	5.13%	03/15/2028		157,601
	35,000	Calpine Corp.(f)	4.63%	02/01/2029		34,572
	580,000	Duke Energy Corp.	3.95%	08/15/2047		642,565
	175,000	Entergy Corp.	2.80%	06/15/2030		178,295
	475,000	Eversource Energy	1.65%	08/15/2030		444,662
	1,000,000	Exelon Corp.	4.05%	04/15/2030		1,112,238
	420,000	Georgia Power Co.	2.20%	09/15/2024		430,066
	760,000	Georgia Power Co.	3.25%	03/15/2051		764,124
	1,100,000	ITC Holdings Corp.	3.25%	06/30/2026		1,160,790
	275,000	Monongahela Power Co.(f)	5.40%	12/15/2043		355,670
	300,000	NextEra Energy Capital Holdings, Inc.	3.55%	05/01/2027		325,231
	750,000	NextEra Energy Capital Holdings, Inc.	2.25%	06/01/2030		746,358
	215,000	NRG Energy, Inc.(f)	2.00%	12/02/2025		216,581
	215,000	NRG Energy, Inc.(f)	3.63%	02/15/2031		209,993
	640,000	Pacific Gas and Electric Co.	1.37%	03/10/2023		636,173
	465,000	Pacific Gas and Electric Co.	2.50%	02/01/2031		443,485
	450,000	Pike Corp.(f)	5.50%	09/01/2028		451,665
	270,000	Southern Co.(e)	5Y US TI + 2.915%	09/15/2051		270,675
	235,000	Southwestern Electric Power Co.	3.25%	11/01/2051		233,579
	1,000,000	Virginia Electric and Power Co.	3.50%	03/15/2027		1,078,020
						9,892,343
Electrical Components & Equipment - 0.01%
	175,000	Energizer Holdings, Inc.(f)	4.75%	06/15/2028		178,986
Electronics - 0.03%
	365,000	Arrow Electronics, Inc.	3.88%	01/12/2028		395,564
	185,000	Vontier Corp.(f)	2.40%	04/01/2028		179,065
						574,629
Engineering & Construction - 0.01%
	265,000	Artera Services LLC(f)	9.03%	12/04/2025		280,648
Entertainment - 0.17%
	700,000	Boyne USA, Inc.(f)	4.75%	05/15/2029		722,200
	145,000	Caesars Entertainment, Inc.(f)	4.63%	10/15/2029		145,304
	665,000	Cedar Fair LP	5.25%	07/15/2029		682,626
	135,000	Lions Gate Capital Holdings LLC(f)	5.50%	04/15/2029		137,602

Principal Amount/Description			Rate	Maturity	Value
$	150,000	Live Nation Entertainment, Inc.(f)	6.50%	05/15/2027	$	164,243
	235,000	Live Nation Entertainment, Inc.(f)	4.75%	10/15/2027		241,815
	130,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.(f)	4.88%	05/01/2029		130,848
	660,000	Premier Entertainment Sub LLC(f)	5.63%	09/01/2029		655,773
	570,000	Premier Entertainment Sub LLC(f)	5.88%	09/01/2031		572,850
	135,000	Scientific Games International, Inc.(f)	7.25%	11/15/2029		150,748
						3,604,009
Environmental Control - 0.02%
	180,000	Madison IAQ LLC(f)	4.13%	06/30/2028		180,715
	145,000	Madison IAQ LLC(f)	5.88%	06/30/2029		145,222
						325,937
Food - 0.15%
	255,000	Flowers Foods, Inc.	2.40%	03/15/2031		251,691
	55,000	Kraft Heinz Foods Co.	5.00%	07/15/2035		67,393
	205,000	Kraft Heinz Foods Co.	5.20%	07/15/2045		261,258
	160,000	Performance Food Group, Inc.(f)	5.50%	10/15/2027		167,162
	140,000	Performance Food Group, Inc.(f)	4.25%	08/01/2029		139,115
	180,000	Post Holdings, Inc.(f)	4.63%	04/15/2030		183,656
	754,000	Smithfield Foods, Inc.(f)	4.25%	02/01/2027		810,381
	690,000	Sysco Corp.	3.30%	02/15/2050		700,708
	270,000	United Natural Foods, Inc.(f)	6.75%	10/15/2028		289,514
	295,000	US Foods, Inc.(f)	4.63%	06/01/2030		298,776
						3,169,654
Food Service - 0.03%
	585,000	TKC Holdings, Inc.(f)	10.50%	05/15/2029		632,631
Forest Products&Paper - 0.01%
	280,000	Glatfelter Corp.(f)	4.75%	11/15/2029		289,164
Healthcare-Products - 0.06%
	210,000	Mozart Debt Merger Sub, Inc.(f)	5.25%	10/01/2029		213,301
	120,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(f)	7.25%	02/01/2028		129,177
	885,000	Thermo Fisher Scientific, Inc.	1.22%	10/18/2024		884,499
						1,226,977
Healthcare-Services - 0.23%
	390,000	Anthem, Inc.	2.38%	01/15/2025		402,423
	85,000	Centene Corp.	3.00%	10/15/2030		86,550
	775,000	Centene Corp.	2.50%	03/01/2031		755,765
	155,000	CHS/Community Health Systems, Inc.(f)	6.00%	01/15/2029		165,514
	705,000	CHS/Community Health Systems, Inc.(f)	6.88%	04/15/2029		719,297
	370,000	HCA, Inc.	4.13%	06/15/2029		407,530
	260,000	Health Care Service Corp. A Mutual Legal Reserve Co.(f)	3.20%	06/01/2050		265,614
	85,000	Legacy LifePoint Health LLC(f)	6.75%	04/15/2025		88,699
	205,000	Legacy LifePoint Health LLC(f)	4.38%	02/15/2027		206,757
	75,000	ModivCare Escrow Issuer, Inc.(f)	5.00%	10/01/2029		76,709
	975,000	Radiology Partners, Inc.(f)	9.25%	02/01/2028		1,025,247
	305,000	RP Escrow Issuer LLC(f)	5.25%	12/15/2025		308,071
	155,000	Select Medical Corp.(f)	6.25%	08/15/2026		164,381
	190,000	Tenet Healthcare Corp.(f)	6.13%	10/01/2028		201,068
						4,873,625

Principal Amount/Description			Rate	Maturity	Value
Housewares - 0.05%
$	1,060,000	SWF Escrow Issuer Corp.(f)	6.50%	10/01/2029	$	1,020,367
Insurance - 0.18%
	90,000	Acrisure LLC / Acrisure Finance, Inc.(f)	4.25%	02/15/2029		87,661
	130,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer(f)	6.75%	10/15/2027		135,010
	230,000	AmWINS Group, Inc.(f)	4.88%	06/30/2029		232,694
	865,000	Athene Global Funding(e)(f)	1D US SOFR + 0.56%	08/19/2024		865,104
	200,000	Berkshire Hathaway Finance Corp.	2.85%	10/15/2050		197,613
	150,000	Brighthouse Financial Global Funding(f)	1.00%	04/12/2024		148,792
	260,000	Brighthouse Financial Global Funding(f)	2.00%	06/28/2028		255,899
	220,000	First American Financial Corp.	2.40%	08/15/2031		215,480
	160,000	GTCR AP Finance, Inc.(f)	8.00%	05/15/2027		166,160
	355,000	Massachusetts Mutual Life Insurance Co.(f)	3.20%	12/01/2061		350,653
	340,000	Prudential Financial, Inc.	3.91%	12/07/2047		395,750
	665,000	Willis North America, Inc.	4.50%	09/15/2028		744,214
						3,795,030
Internet - 0.15%
	200,000	Arches Buyer, Inc.(f)	4.25%	06/01/2028		200,258
	1,490,000	Endure Digital, Inc.(f)	6.00%	02/15/2029		1,387,794
	195,000	Expedia Group, Inc.	5.00%	02/15/2026		217,078
	400,000	Expedia Group, Inc.	3.80%	02/15/2028		428,012
	140,000	Expedia Group, Inc.	2.95%	03/15/2031		139,946
	500,000	Uber Technologies, Inc.(f)	6.25%	01/15/2028		537,445
	135,000	Uber Technologies, Inc.(f)	4.50%	08/15/2029		137,729
						3,048,262
Investment Companies - 0.57%
	455,000	Ares Capital Corp.	2.15%	07/15/2026		449,299
	175,000	Ares Capital Corp.	2.88%	06/15/2028		174,354
	375,000	Blackstone Secured Lending Fund(f)	2.85%	09/30/2028		365,876
	5,000,000	Business Development Corp. of America(f)	5.38%	05/30/2023		5,192,002
	5,000,000	FS KKR Capital Corp.	4.75%	05/15/2022		5,052,644
	180,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp.	5.25%	05/15/2027		185,352
	445,000	Owl Rock Capital Corp.	2.63%	01/15/2027		435,496
						11,855,023
Leisure Time - 0.06%
	280,000	Carlson Travel, Inc.	6.75%	12/15/2025		133,700
	135,000	Carnival Corp.(f)	7.63%	03/01/2026		141,690
	685,000	Carnival Corp.(f)	5.75%	03/01/2027		686,027
	340,000	Viking Cruises, Ltd.(f)	5.88%	09/15/2027		324,088
						1,285,505
Lodging - 0.05%
	410,000	Marriott International, Inc.	3.13%	06/15/2026		426,244
	415,000	Marriott International, Inc.	2.75%	10/15/2033		403,099
	185,000	MGM Resorts International	6.75%	05/01/2025		193,510
						1,022,853
Machinery-Diversified - 0.02%
	440,000	Flowserve Corp.	2.80%	01/15/2032		428,615

Principal Amount/Description			Rate	Maturity	Value
Media - 0.21%
$	135,000	CCO Holdings LLC / CCO Holdings Capital Corp.(f)	4.25%	01/15/2034	$	133,061
	970,000	Cengage Learning, Inc.(f)	9.50%	06/15/2024		977,071
	405,000	Charter Communications Operating LLC / Charter Communications Operating Capital	4.91%	07/23/2025		446,310
	350,000	Charter Communications Operating LLC / Charter Communications Operating Capital	3.50%	03/01/2042		340,086
	300,000	Comcast Corp.	3.95%	10/15/2025		327,782
	420,000	Comcast Corp.	3.40%	04/01/2030		458,838
	70,000	Diamond Sports Group LLC / Diamond Sports Finance Co.(f)	5.38%	08/15/2026		35,081
	120,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.(f)	5.88%	08/15/2027		123,024
	655,000	DISH DBS Corp.(f)	5.75%	12/01/2028		662,778
	130,000	DISH DBS Corp.	5.13%	06/01/2029		118,511
	130,000	GCI LLC(f)	4.75%	10/15/2028		133,600
	365,000	McGraw-Hill Education, Inc.(f)	5.75%	08/01/2028		361,903
	190,000	Scripps Escrow, Inc.(f)	5.88%	07/15/2027		199,797
	130,000	Univision Communications, Inc.(f)	4.50%	05/01/2029		131,531
						4,449,373
Mining - 0.04%
	220,000	Arconic Corp.(f)	6.13%	02/15/2028		234,493
	415,000	Glencore Funding LLC(f)	1.63%	04/27/2026		407,563
	275,000	Glencore Funding LLC(f)	3.38%	09/23/2051		265,481
						907,537
Oil & Gas - 0.49%
	95,000	Apache Corp.	4.38%	10/15/2028		103,495
	305,000	BP Capital Markets America, Inc.	2.94%	06/04/2051		293,574
	410,000	BP Capital Markets America, Inc.	3.00%	03/17/2052		402,115
	655,000	Brooklyn Union Gas Co.(f)	4.49%	03/04/2049		772,523
	165,000	Chesapeake Energy Corp.(f)	5.88%	02/01/2029		176,736
	170,000	CNX Resources Corp.(f)	6.00%	01/15/2029		177,039
	320,000	Continental Resources, Inc.(f)	2.27%	11/15/2026		317,938
	195,000	Diamondback Energy, Inc.	2.88%	12/01/2024		202,432
	260,000	East Ohio Gas Co.(f)	3.00%	06/15/2050		257,020
	85,000	EQT Corp.	7.50%	02/01/2030		109,358
	420,000	Exxon Mobil Corp.	4.23%	03/19/2040		496,736
	260,000	Halliburton Co.	2.92%	03/01/2030		267,764
	155,000	Halliburton Co.	5.00%	11/15/2045		185,613
	140,000	Hilcorp Energy I LP / Hilcorp Finance Co.(f)	6.25%	11/01/2028		147,372
	80,000	Hilcorp Energy I LP / Hilcorp Finance Co.(f)	5.75%	02/01/2029		82,570
	800,000	Kosmos Energy, Ltd.(d)	7.13%	04/04/2026		777,968
	320,000	Marathon Petroleum Corp.	5.13%	12/15/2026		364,419
	750,000	NiSource, Inc.	3.60%	05/01/2030		809,240
	115,000	Occidental Petroleum Corp.	6.63%	09/01/2030		142,506
	130,000	Occidental Petroleum Corp.	6.13%	01/01/2031		158,168
	95,000	Occidental Petroleum Corp.	6.45%	09/15/2036		121,315
	85,000	Ovintiv Exploration, Inc.	7.38%	11/01/2031		110,930
	420,000	Patterson-UTI Energy, Inc.	3.95%	02/01/2028		422,391
	760,000	PBF Holding Co. LLC / PBF Finance Corp.(f)	9.25%	05/15/2025		723,790
	420,000	Phillips 66	3.30%	03/15/2052		420,323
	285,000	Pioneer Natural Resources Co.	1.90%	08/15/2030		271,003

Principal Amount/Description			Rate	Maturity	Value
$	700,000	SierraCol Energy Andina LLC(f)	6.00%	06/15/2028	$	658,984
	300,000	SierraCol Energy Andina LLC(d)	6.00%	06/15/2028		282,422
	140,000	Southwestern Energy Co.	5.38%	02/01/2029		148,248
	160,000	Southwestern Energy Co.	4.75%	02/01/2032		168,806
	110,000	Sunoco LP / Sunoco Finance Corp.	6.00%	04/15/2027		114,829
	215,000	Sunoco LP / Sunoco Finance Corp.	4.50%	05/15/2029		218,702
	61,000	Transocean, Inc.(f)	11.50%	01/30/2027		59,843
	220,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		232,606
						10,198,778
Oil & Gas Services - 0.01%
	150,000	Weatherford International, Ltd.(f)	6.50%	09/15/2028		158,925
Packaging & Containers - 0.06%
	260,000	Berry Global, Inc.	1.65%	01/15/2027		254,403
	185,000	Silgan Holdings, Inc.	4.13%	02/01/2028		189,220
	736,000	WRKCo, Inc.	3.75%	03/15/2025		784,822
						1,228,445
Pharmaceuticals - 0.18%
	770,000	AbbVie, Inc.	4.70%	05/14/2045		957,560
	195,000	Bausch Health Cos., Inc.(f)	6.25%	02/15/2029		185,617
	690,000	Bristol-Myers Squibb Co.	4.35%	11/15/2047		851,917
	545,000	Cigna Corp.	4.90%	12/15/2048		705,962
	390,000	CVS Health Corp.	5.05%	03/25/2048		510,800
	230,000	Option Care Health, Inc.(f)	4.38%	10/31/2029		230,927
	215,000	Viatris, Inc.	1.65%	06/22/2025		214,357
						3,657,140
Pipelines - 0.36%
	73,000	Antero Midstream Partners LP / Antero Midstream Finance Corp.(f)	5.75%	03/01/2027		75,719
	200,000	Enable Midstream Partners LP	4.40%	03/15/2027		215,963
	375,000	Enable Midstream Partners LP	5.00%	05/15/2044		403,807
	360,000	Energy Transfer LP	4.75%	01/15/2026		394,151
	1,000,000	Energy Transfer LP	3.90%	07/15/2026		1,076,735
	220,000	EQM Midstream Partners LP(f)	4.75%	01/15/2031		232,999
	320,000	Hess Midstream Operations LP(f)	5.13%	06/15/2028		333,667
	275,000	Hess Midstream Operations LP(f)	4.25%	02/15/2030		273,406
	548,000	Kinder Morgan Energy Partners LP	6.95%	01/15/2038		759,503
	1,925,000	NGL Energy Operating LLC / NGL Energy Finance Corp.(f)	7.50%	02/01/2026		1,987,765
	135,000	NGPL PipeCo LLC(f)	3.25%	07/15/2031		137,303
	270,000	NuStar Logistics LP	6.38%	10/01/2030		300,113
	180,000	ONEOK, Inc.	3.40%	09/01/2029		186,647
	335,000	Sabine Pass Liquefaction LLC	5.00%	03/15/2027		376,519
	170,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.50%	03/01/2030		186,011
	220,000	Venture Global Calcasieu Pass LLC(f)	4.13%	08/15/2031		233,581
	230,000	Williams Cos., Inc.	3.50%	10/15/2051		232,920
						7,406,809

Principal Amount/Description			Rate	Maturity	Value
Real Estate - 0.00%(j)
$	110,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(f)	5.75%	01/15/2029	$	112,918
REITS - 0.45%
	165,000	Agree LP	2.60%	06/15/2033		162,225
	295,000	Alexandria Real Estate Equities, Inc.	3.00%	05/18/2051		292,106
	840,000	American Tower Corp.	3.60%	01/15/2028		905,674
	525,000	Boston Properties LP	3.40%	06/21/2029		557,792
	335,000	Corporate Office Properties LP	2.90%	12/01/2033		327,879
	800,000	Crown Castle International Corp.	3.70%	06/15/2026		858,258
	515,000	Crown Castle International Corp.	3.65%	09/01/2027		553,691
	560,000	Crown Castle International Corp.	3.30%	07/01/2030		591,361
	470,000	Equinix, Inc.	1.80%	07/15/2027		462,728
	1,000,000	Equinix, Inc.	2.15%	07/15/2030		973,246
	455,000	Host Hotels & Resorts LP	2.90%	12/15/2031		439,463
	310,000	Invitation Homes Operating Partnership LP	2.70%	01/15/2034		304,437
	250,000	Iron Mountain, Inc.(f)	4.50%	02/15/2031		253,125
	260,000	LXP Industrial Trust	2.38%	10/01/2031		249,765
	190,000	National Retail Properties, Inc.	2.50%	04/15/2030		192,906
	80,000	Office Properties Income Trust	2.65%	06/15/2026		79,477
	355,000	Office Properties Income Trust	2.40%	02/01/2027		343,862
	140,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(f)	4.88%	05/15/2029		143,363
	80,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(f)	7.63%	06/15/2025		84,880
	90,000	Sabra Health Care LP	3.20%	12/01/2031		88,050
	395,000	Simon Property Group LP	2.45%	09/13/2029		398,076
	485,000	Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC(f)	6.50%	02/15/2029		484,069
	135,000	Vornado Realty LP	2.15%	06/01/2026		135,036
	455,000	Welltower, Inc.	2.80%	06/01/2031		464,230
						9,345,699
Retail - 0.23%
	230,000	Academy, Ltd.(f)	6.00%	11/15/2027		245,685
	85,000	At Home Group, Inc.(f)	7.13%	07/15/2029		83,632
	745,000	Dollar Tree, Inc.	4.00%	05/15/2025		800,925
	90,000	Dollar Tree, Inc.	3.38%	12/01/2051		90,821
	120,000	Ferrellgas LP / Ferrellgas Finance Corp.(f)	5.38%	04/01/2026		115,929
	235,000	Golden Nugget, Inc.(f)	6.75%	10/15/2024		235,305
	370,000	McDonald's Corp.	4.45%	03/01/2047		452,436
	150,000	Michaels Cos., Inc.(f)	5.25%	05/01/2028		150,314
	190,000	Park River Holdings, Inc.(f)	5.63%	02/01/2029		181,717
	945,000	PetSmart, Inc. / PetSmart Finance Corp.(f)	7.75%	02/15/2029		1,028,174
	290,000	Sonic Automotive, Inc.(f)	4.63%	11/15/2029		293,247
	190,000	SRS Distribution, Inc.(f)	4.63%	07/01/2028		191,003
	115,000	Staples, Inc.(f)	7.50%	04/15/2026		118,312
	340,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.(f)	5.00%	06/01/2031		344,401
	365,000	Victoria's Secret & Co.(f)	4.63%	07/15/2029		373,771
						4,705,672
Semiconductors - 0.07%
	669,000	Broadcom, Inc.(f)	3.42%	04/15/2033		702,066

Principal Amount/Description			Rate	Maturity	Value
$	745,000	Marvell Technology, Inc.	4.20%	06/22/2023	$	774,481
						1,476,547
Software - 0.15%
	1,550,000	Castle US Holding Corp.(f)	9.50%	02/15/2028		1,618,068
	535,000	Oracle Corp.	3.85%	04/01/2060		529,897
	930,000	VMware, Inc.	2.20%	08/15/2031		914,452
						3,062,417
Telecommunications - 0.44%
	500,000	AT&T, Inc.	4.30%	02/15/2030		563,324
	205,000	AT&T, Inc.	2.75%	06/01/2031		209,374
	1,395,000	AT&T, Inc.	3.50%	09/15/2053		1,410,040
	185,000	Avaya, Inc.(f)	6.13%	09/15/2028		196,419
	175,000	CommScope, Inc.(f)	4.75%	09/01/2029		174,222
	1,675,000	Embarq Corp Eq 7.995 06/01/36	8.00%	06/01/2036		1,878,747
	45,000	Frontier Communications Holdings LLC(f)	5.88%	10/15/2027		47,657
	85,000	Frontier Communications Holdings LLC(f)	5.00%	05/01/2028		87,704
	270,000	Frontier Communications Holdings LLC(f)	6.75%	05/01/2029		281,213
	150,000	Frontier Communications Holdings LLC(f)	6.00%	01/15/2030		151,008
	1,100,000	Intelsat Jackson Holdings SA(f)(g)	8.50%	10/15/2024		505,312
	160,000	Lumen Technologies, Inc.(f)	5.13%	12/15/2026		166,742
	145,000	Lumen Technologies, Inc.(f)	4.00%	02/15/2027		147,291
	365,000	T-Mobile USA, Inc.	2.25%	02/15/2026		366,469
	125,000	T-Mobile USA, Inc.	3.38%	04/15/2029		127,584
	25,000	T-Mobile USA, Inc.(f)	3.38%	04/15/2029		25,517
	1,000,000	T-Mobile USA, Inc.	3.88%	04/15/2030		1,094,726
	50,000	T-Mobile USA, Inc.	2.88%	02/15/2031		49,466
	365,000	T-Mobile USA, Inc.(f)	3.40%	10/15/2052		363,996
	500,000	Verizon Communications, Inc.	3.15%	03/22/2030		529,547
	670,000	Verizon Communications, Inc.	4.40%	11/01/2034		781,619
	45,000	Verizon Communications, Inc.	2.65%	11/20/2040		42,837
						9,200,814
Transportation - 0.10%
	850,000	CSX Corp.	3.80%	11/01/2046		960,108
	345,000	FedEx Corp.	4.75%	11/15/2045		421,403
	170,000	First Student Bidco, Inc.(f)	4.00%	07/31/2029		165,498
	500,000	Union Pacific Corp.	3.70%	03/01/2029		553,327
						2,100,336
Trucking & Leasing - 0.02%
	380,000	Penske Truck Leasing Co. LP / PTL Finance Corp.(f)	4.20%	04/01/2027		418,936
TOTAL U.S. CORPORATE BONDS
(Cost $142,330,455)						144,317,638
CONVERTIBLE CORPORATE BONDS - 0.81%
	2,036,407	BlackRock Capital Investment Corp.	5.00%	06/15/2022		2,064,407
	6,854,823	BlackRock TCP Capital Corp.	4.63%	03/01/2022		6,915,145
	100,317	Digicel Group Holdings, Ltd.(a)(f)(h)	5.09% (7.00%)	Perpetual Maturity		87,376
	1,422,000	Goldman Sachs BDC, Inc.	4.50%	04/01/2022		1,436,220
	6,000,000	New Mountain Finance Corp.	5.75%	08/15/2023		6,367,500

Principal Amount/Description			Rate	Maturity	Value
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $16,185,734)					$	16,870,648
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 1.03%
	450,000	Abu Dhabi Government International Bond(d)	1.70%	03/02/2031		438,356
	300,000	Abu Dhabi Government International Bond(d)	3.13%	09/30/2049		307,032
	400,000	Brazilian Government International Bond	3.75%	09/12/2031		376,600
	200,000	Brazilian Government International Bond	5.00%	01/27/2045		188,100
	400,000	Brazilian Government International Bond	5.63%	02/21/2047		397,000
	1,150,000	Brazilian Government International Bond	4.75%	01/14/2050		1,024,661
	200,000	Chile Government International Bond	2.55%	01/27/2032		200,000
	300,000	Chile Government International Bond	3.50%	01/25/2050		311,202
	700,000	Chile Government International Bond	3.10%	01/22/2061		648,501
	600,000	Colombia Government International Bond	3.25%	04/22/2032		540,750
	200,000	Colombia Government International Bond	4.13%	02/22/2042		167,500
	1,100,000	Colombia Government International Bond	5.00%	06/15/2045		996,875
	600,000	Colombia Government International Bond	4.13%	05/15/2051		489,000
	600,000	Dominican Republic International Bond(f)	6.40%	06/05/2049		631,506
	200,000	El Salvador Government International Bond(d)	7.13%	01/20/2050		111,000
	600,000	Export Import Bank of Thailand(e)	3M US L + 0.90%	11/20/2023		604,248
	600,000	Indonesia Government International Bond	2.15%	07/28/2031		596,487
	200,000	Indonesia Government International Bond	4.35%	01/11/2048		229,545
	500,000	Indonesia Government International Bond	3.70%	10/30/2049		529,983
	300,000	Instituto Costarricense de Electricidad(f)	6.75%	10/07/2031		304,227
	400,000	Instituto Costarricense de Electricidad(d)	6.38%	05/15/2043		341,378
	200,000	Korea Development Bank	1.00%	09/09/2026		195,483
	200,000	Korea Development Bank	1.63%	01/19/2031		196,287
	250,000	Korea Development Bank	2.00%	10/25/2031		250,889
	200,000	Korea International Bond	2.75%	01/19/2027		211,089
	500,000	Malaysia Wakala Sukuk Bhd(f)	2.07%	04/28/2031		500,413
	250,000	Malaysia Wakala Sukuk Bhd(d)	2.07%	04/28/2031		250,206
	1,075,000	Mexico Government International Bond	3.75%	01/11/2028		1,156,458
	500,000	Mexico Government International Bond	2.66%	05/24/2031		489,005
	550,000	Mexico Government International Bond	4.28%	08/14/2041		571,312

Principal Amount/Description			Rate	Maturity	Value
$	750,000	Mexico Government International Bond	4.60%	02/10/2048	$	801,979
	500,000	Mexico Government International Bond	4.50%	01/31/2050		531,250
	400,000	Mexico Government International Bond	3.77%	05/24/2061		369,554
	600,000	Panama Government International Bond	2.25%	09/29/2032		570,450
	900,000	Panama Government International Bond	3.87%	07/23/2060		903,375
	300,000	Perusahaan Penerbit SBSN Indonesia III(f)	2.55%	06/09/2031		304,062
	400,000	Perusahaan Penerbit SBSN Indonesia III(d)	3.80%	06/23/2050		420,316
	600,000	Peruvian Government International Bond	3.30%	03/11/2041		602,256
	200,000	Philippine Government International Bond	2.46%	05/05/2030		206,778
	350,000	Philippine Government International Bond	1.65%	06/10/2031		339,766
	550,000	Philippine Government International Bond	3.70%	03/01/2041		601,369
	200,000	Philippine Government International Bond	3.70%	02/02/2042		218,675
	400,000	Saudi Government International Bond(f)	2.90%	10/22/2025		419,750
	500,000	Saudi Government International Bond(d)	2.25%	02/02/2033		488,655
	350,000	Saudi Government International Bond(d)	3.75%	01/21/2055		376,420
	200,000	Saudi Government International Bond(d)	3.45%	02/02/2061		202,364
	800,000	Ukraine Government International Bond(d)	7.25%	03/15/2033		708,808
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $21,536,126)						21,320,920
BANK LOANS - 2.08%(e)
Canada - 0.02%
	530,000	Air Canada, First Lien  - B Term Loan	6M US L + 3.50%, 0.75% Floor	08/11/2028		530,283
Cayman Islands - 0.07%
	405,000	AAdvantage Loyalty IP, Ltd., First Lien  - Initial Term Loan	3M US L + 3.00%, 0.75% Floor	04/20/2028		420,368
	1,029,825	Grab Holdings, Inc., First Lien  - Initial Term Loan	3M US L + 4.50%, 1.00% Floor	01/29/2026		1,035,401
						1,455,769
India - 0.02%
	440,000	Ola Singapore/OLA Netherlands 12/21 TL, First Lien  - Initial Term Loan	180D US SOFR + 6.25%	12/03/2026		444,400
Ireland - 0.03%
	678,300	ION Trading Finance, Ltd., First Lien  - Initial Dollar (2021) Term Loan	3M US L + 4.75%	04/01/2028		680,939

Principal Amount/Description			Rate	Maturity	Value
Luxembourg - 0.16%
$	705,000	Curium BidCo SARL, Second Lien Term Loan	3M US L + 7.75%	10/27/2028	$	712,931
	2,182,596	Travelport Finance Luxembourg SARL 1L, 2021, First Lien  - Initial (Priority) Term Loan	3M US L + 8.75%, 1.00% Floor	02/28/2025		2,249,569
	337,343	Travelport Finance S.a r.l., First Lien  - 2021 Consented Term Loan	3M US L + 6.75%	05/29/2026		281,850
						3,244,350
Netherlands - 0.05%
	1,242,046	Bright Bidco B.V., First Lien  - 2018 Refinancing B Term Loan	6M US L + 3.50%, 1.00% Floor	06/30/2024		962,524
	5,736	Lealand Finance Company B.V., First Lien  - Make-Whole Term Loan	3M US L + 3.00%	06/28/2024		3,413
	74,189	Lealand Finance Company B.V., First Lien  - Take-Back Term Loan	1M US L + 4.00%	06/30/2025		33,508
						999,445
United Arab Emirates - 0.04%
	790,055	Gulf Finance, LLC TL 1L	3M US L + 6.75%	08/25/2026		740,926
United States - 1.69%
	325,000	Aegion Corp., First Lien  - Initial Term Loan	3M US L + 4.75%, 0.75% Floor	05/17/2028		326,895
	1,250,875	Air Methods Corp., First Lien  - Initial Term Loan	3M US L + 3.50%, 1.00% Floor	04/22/2024		1,191,458
	920,000	American Tire Distributors, Inc., First Lien  - Initial Term Loan	3M US L + 6.25%	10/08/2028		927,558
	1,975,000	Applied Systems, Inc., Second Lien  - 2021 Term Loan	3M US L + 5.50%, 0.75% Floor	09/19/2025		1,995,807
	1,720,000	Astra Acquisition Corp., First Lien  - Initial Term Loan	1M US L + 5.25%	10/22/2028		1,692,772
	1,990,000	Astra Acquisition Corp., Second Lien  - Initial Term Loan	1M US L + 8.88%	10/22/2029		1,965,125
	295,000	Asurion LLC, Second Lien  - New B-3 Term Loan	1M US L + 5.25%	01/31/2028		296,291
	1,546,125	Atlas Purchaser, Inc., First Lien  - Initial Term Loan	3M US L + 3.00%, 0.75% Floor	05/18/2028		1,526,799
	200,000	Blackhawk Network Holdings, Inc., Second Lien	1M US L + 7.00%	06/15/2026		199,375
	735,000	Cengage Learning, Inc., First Lien - B Term Loan	3M US L + 5.00%	06/29/2026		737,947
	241,751	ClubCorp Holdings, Inc., First Lien  - B Term Loan	3M US L + 2.75%	09/18/2024		233,324
	2,350,000	Constant Contact, Inc., Second Lien  - Initial Term Loan	3M US L + 7.50%, 0.75% Floor	02/12/2029		2,326,500
	760,531	Cvent, Inc., First Lien Term Loan	1M US L + 3.75%	11/29/2024		760,292
	905,000	DCert Buyer, Inc., Second Lien  - First Amendment Refinancing Term Loan	1M US L + 7.00%	02/19/2029		908,769
	760,000	DG Investment Intermediate Holdings 2, Inc., Second Lien  - Initial Term Loan	1M US L + 6.75%, 0.75% Floor	03/30/2029		761,900
	385,216	DIRECTV Financing LLC, First Lien  - Closing Date Term Loan	3M US L + 5.00%, 0.75% Floor	08/02/2027		386,067
	1,718,110	Envision Healthcare Corp., First Lien  - Initial Term Loan	1M US L + 3.75%	10/10/2025		1,387,915

Principal Amount/Description			Rate	Maturity	Value
$	1,568,589	Envision Healthcare Corp., First Lien  - Series 2020 New Term Loan	1M US L + 3.75%, 1.00% Floor	10/10/2025	$	1,182,849
	1,565,000	Epic Health 12/21, Second Lien  - Initial Term Loan	3M US L + 4.25%	12/07/2029		1,563,044
	450,799	Forterra Finance LLC, First Lien  - Replacement Term Loan	1M US L + 3.00%, 1.00% Floor	10/25/2023		451,167
	1,367,287	Gainwell Acquisition Corp., First Lien  - B Term Loan	3M US L + 4.00%, 0.75% Floor	10/01/2027		1,372,585
	399,000	Gogo Intermediate Holdings LLC, First Lien  - Initial Term Loan	3M US L + 3.75%, 0.75% Floor	04/30/2028		399,463
	400,000	Kenan Advantage Group, Inc, Second Lien - Initial Term Loan	3M US L + 7.25%, 0.75% Floor	08/18/2027		399,500
	1,124,060	Minotaur Acquisition, Inc., First Lien  - B Term Loan	3M US L + 4.75%	03/27/2026		1,119,845
	487,592	Misys, Ltd., First Lien  - Dollar Term Loan	3M US L + 3.50%, 1.00% Floor	06/13/2024		486,068
	705,000	Misys, Ltd., Second Lien  - Dollar Term Loan	3M US L + 7.25%, 1.00% Floor	06/13/2025		705,081
	382,069	MLN US HoldCo LLC, First Lien  - B Term Loan	1M US L + 4.50%	11/30/2025		370,173
	1,008,172	Riverbed Technology, Inc., First Lien  - Initial Term Loan	6M US L + 6.00%	12/06/2026		988,427
	620,000	Sweetwater Borrower, LLC, First Lien - Initial Term Loan	1M US L + 4.75%	08/03/2028		621,550
	974,590	Team Health Holdings, Inc., First Lien  - Initial Term Loan	1M US L + 2.75%, 1.00% Floor	02/06/2024		934,632
	595,000	Think & Learn Private, Ltd., First Lien  - B Term Loan	3M US L + 5.50%	11/05/2026		603,675
	680,000	TIBCO Software, Inc., Second Lien	1M US L + 7.25%	03/04/2028		683,539
	1,762,605	Travel Leaders Group LLC, First Lien  - 2018 Refinancing Term Loan	1M US L + 4.00%	01/25/2024		1,617,014
	1,736,723	Vantage Specialty Chemicals, Inc., First Lien  - Closing Date Term Loan	3M US L + 3.50%, 1.00% Floor	10/28/2024		1,707,416
	690,000	Viad Corp, First Lien  - Initial Term Loan	3M US L + 5.00%, 0.50% Floor	07/30/2028		689,572
	1,569,591	WaterBridge Midstream Operating LLC, First Lien  - Initial Term Loan	6M US L + 5.75%, 1.00% Floor	06/22/2026		1,533,294
						35,053,688
TOTAL BANK LOANS
(Cost $42,643,432)						43,149,800
COLLATERALIZED LOAN OBLIGATIONS - 3.22%
		AIMCO CLO
	500,000	Series 2018-AA(e)(f)	3M US L + 2.55%	04/17/2031		494,067
		AIMCO CLO 10, Ltd.
	1,000,000	Series 2021-10A(e)(f)	3M US L + 2.90%	07/22/2032		999,990
		Apidos CLO XII
	500,000	Series 2018-12A(e)(f)	3M US L + 2.60%	04/15/2031		471,782
		Apidos CLO XX
	500,000	Series 2018-20A(e)(f)	3M US L + 2.95%	07/16/2031		499,514
		Apidos CLO XXI
	500,000	Series 2018-21A(e)(f)	3M US L + 2.45%	07/18/2027		500,499
	1,000,000	Series 2018-21A(e)(f)	3M US L + 8.25%	07/18/2027		997,610

Principal Amount/Description			Rate	Maturity	Value
		Apidos CLO XXIV
$	1,000,000	Series 2018-24A(e)(f)	3M US L + 5.80%	10/20/2030	$	952,000
		Babson CLO, Ltd.
	500,000	Series 2018-IA(e)(f)	3M US L + 2.60%	01/20/2031		481,457
		Bain Capital Credit CLO 2017-2, Ltd.
	500,000	Series 2021-2A(e)(f)	3M US L + 6.50%	07/25/2034		492,166
	1,000,000	Series 2021-2A(e)(f)	3M US L + 3.10%	07/25/2034		998,825
		Barings CLO, Ltd.
	500,000	Series 2017-1A(e)(f)	3M US L + 3.60%	07/18/2029		500,649
	500,000	Series 2018-4A(e)(f)	3M US L + 5.82%	10/15/2030		493,465
		Barings CLO, Ltd. 2019-I
	1,500,000	Series 2021-1A(e)(f)	3M US L + 6.86%	04/15/2036		1,502,681
		Barings CLO, Ltd. 2019-II
	500,000	Series 2021-2A(e)(f)	3M US L + 3.41%	04/15/2036		501,471
		Barings CLO, Ltd. 2021-II
	500,000	Series 2021-2A(e)(f)	3M US L + 3.15%	07/15/2034		501,019
		Beechwood Park CLO, Ltd.
	500,000	Series 2019-1A(e)(f)	3M US L + 7.50%	01/17/2033		500,897
		BlueMountain CLO, Ltd.
	500,000	Series 2018-3A(e)(f)	3M US L + 2.60%	04/20/2031		471,193
		BlueMountain Fuji US CLO II, Ltd.
	1,000,000	Series 2017-2A(e)(f)	3M US L + 3.00%	10/20/2030		987,727
		Buttermilk Park CLO, Ltd.
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.75%	10/15/2031		991,163
		Canyon Capital CLO 2016-2, Ltd.
	500,000	Series 2018-2A(e)(f)	3M US L + 3.15%	10/15/2031		498,102
		Canyon Capital CLO 2017-1, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 3.00%	07/15/2030		500,797
		Canyon Capital CLO 2019-1, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 7.09%	04/15/2032		496,993
		Canyon Capital CLO 2021-2, Ltd.
	1,250,000	Series 2021-2A(e)(f)	3M US L + 3.35%	04/15/2034		1,252,637
		Canyon Capital CLO, Ltd.
	1,000,000	Series 2018-1A(e)(f)	3M US L + 2.75%	01/30/2031		971,805
	1,500,000	Series 2018-1A(e)(f)	3M US L + 5.50%	01/30/2031		1,391,252
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.75%	07/15/2031		947,788
	500,000	Series 2018-1A(e)(f)	3M US L + 2.80%	07/15/2031		498,432
	500,000	Series 2018-1RA(e)(f)	3M US L + 3.00%	07/15/2030		496,322
		Canyon CLO 2021-3, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 3.05%	07/15/2034		993,845
		Canyon CLO 2021-4, Ltd.
	1,000,000	Series 2021-4A(e)(f)	3M US L + 6.30%	10/15/2034		985,132
		Canyon CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.90%	07/15/2031		492,020
		Carlyle Global Market Strategies CLO 2016-3, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 3.30%	07/20/2034		998,830
		Carlyle Global Market Strategies CLO, Ltd.
	1,000,000	Series 2018-2RA(e)(f)	3M US L + 5.35%	05/15/2031		913,306
	500,000	Series 2018-3A(e)(f)	3M US L + 2.85%	07/28/2028		498,760
		Carlyle US CLO 2021-1, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.00%	04/15/2034		487,528
		Chenango Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.00%	04/15/2030		492,070
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.80%	04/15/2030		972,686
		Cook Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.60%	04/17/2030		490,441
		Crown Point CLO IV, Ltd.
	500,000	Series 2018-4A(e)(f)	3M US L + 1.90%	04/20/2031		498,201

Principal Amount/Description			Rate	Maturity	Value
		Dryden 57 CLO, Ltd.
$	500,000	Series 2018-57A(e)(f)	3M US L + 2.55%	05/15/2031	$	482,116
		Dryden 60 CLO, Ltd.
	1,000,000	Series 2018-60A(e)(f)	3M US L + 3.00%	07/15/2031		996,811
		Elmwood CLO IX, Ltd.
	500,000	Series 2021-2A(e)(f)	3M US L + 2.94%	07/20/2034		499,990
	500,000	Series 2021-2A(e)(f)	3M US L + 5.94%	07/20/2034		496,592
		Fillmore Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.90%	07/15/2030		498,766
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.40%	07/15/2030		980,590
		Gilbert Park CLO, Ltd.
	1,000,000	Series 2017-1A(e)(f)	3M US L + 6.40%	10/15/2030		1,000,846
		Goldentree Loan Management US CLO, Ltd.
	1,000,000	Series 2018-3A(e)(f)	3M US L + 2.85%	04/20/2030		981,466
		KVK CLO 2018-1, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.00%	05/20/2029		500,223
		Milos CLO, Ltd.
	500,000	Series 2020-1A(e)(f)	3M US L + 6.15%	10/20/2030		498,652
		Myers Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.05%	10/20/2030		500,624
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.50%	10/20/2030		993,888
		Neuberger Berman CLO XXIII, Ltd.
	1,000,000	Series 2018-23A(e)(f)	3M US L + 5.75%	10/17/2027		1,002,590
		Neuberger Berman Loan Advisers CLO 37, Ltd.
	500,000	Series 2021-37A(e)(f)	3M US L + 5.75%	07/20/2031		497,371
		Neuberger Berman Loan Advisers CLO 42, Ltd.
	500,000	Series 2021-42A(e)(f)	3M US L + 5.95%	07/16/2035		496,631
		Neuberger Berman Loan Advisers Clo 44, Ltd.
	1,000,000	Series 2021-44A(e)(f)	3M US L + 6.00%	10/16/2034		997,917
		Point Au Roche Park CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.13%	07/20/2034		495,715
		PPM CLO 3, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 3.20%	04/17/2034		1,002,140
		Rockland Park CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.25%	04/20/2034		496,700
		Sound Point CLO XXIII
	500,000	Series 2021-2A(e)(f)	3M US L + 3.30%	07/15/2034		497,151
		Sound Point CLO XXIV
	1,375,000	Series 2021-3A(e)(f)	3M US L + 6.72%	10/25/2034		1,340,497
		Sound Point CLO XXVI, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 3.35%	07/20/2034		495,774
		Sound Point CLO XXVIII, Ltd.
	1,000,000	Series 2020-3A(e)(f)	3M US L + 6.90%	01/25/2032		997,189
		Sound Point CLO XXXII, Ltd.
	500,000	Series 2021-4A(e)(f)	3M US L + 3.40%	10/25/2034		500,009
	500,000	Series 2021-4A(e)(f)	3M US L + 6.70%	10/25/2034		501,182
		Stewart Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.60%	01/15/2030		488,587
		Symphony CLO XVII, Ltd.
	1,500,000	Series 2018-17A(e)(f)	3M US L + 2.65%	04/15/2028		1,505,806
		Thayer Park CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.25%	04/20/2034		500,008
		THL Credit Wind River 2017-1 CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 3.91%	04/18/2036		500,131

Principal Amount/Description			Rate	Maturity	Value
		THL Credit Wind River 2017-3 CLO, Ltd.
$	750,000	Series 2021-3A(e)(f)	3M US L + 3.88%	04/15/2035	$	755,238
	500,000	Series 2021-3A(e)(f)	3M US L + 7.08%	04/15/2035		495,947
		THL Credit Wind River CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	2.90% - 3M US L	07/15/2030		496,421
	2,000,000	Series 2018-1A(e)(f)	5.50% - 3M US L	07/15/2030		1,891,031
	1,000,000	Series 2018-1A(e)(f)	3M US L + 3.00%	07/18/2031		972,130
	1,000,000	Series 2018-2A(e)(f)	3M US L + 5.75%	07/15/2030		946,593
	1,000,000	Series 2018-3A(e)(f)	3M US L + 6.22%	10/22/2031		941,999
		Tryon Park CLO, Ltd.
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.95%	04/15/2029		1,001,275
		Upland CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.90%	04/20/2031		496,988
		Venture XX CLO, Ltd.
	1,000,000	Series 2017-20A(e)(f)	3M US L + 1.90%	04/15/2027		1,002,727
		VERDE CLO, Ltd.
	1,000,000	Series 2021-1A(e)(f)	3M US L + 3.25%	04/15/2032		1,003,040
		VOYA CLO 2017-2
	1,000,000	Series 2017-2A(e)(f)	3M US L + 6.02%	06/07/2030		983,191
		Voya CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.80%	04/18/2031		474,099
	1,000,000	Series 2018-2A(e)(f)	3M US L + 2.75%	07/15/2031		982,509
	1,000,000	Series 2018-2A(e)(f)	3M US L + 5.25%	07/15/2031		938,021
	500,000	Series 2018-3A(e)(f)	3M US L + 6.20%	10/20/2031		470,011
	500,000	Series 2018-4A(e)(f)	3M US L + 5.95%	07/14/2031		460,698
		Webster Park CLO, Ltd.
	1,000,000	Series 2018-1A(e)(f)	5.50% - 3M US L	07/20/2030		993,278
		Wind River 2013-1 CLO, Ltd.
	500,000	Series 2017-1A(e)(f)	3M US L + 3.65%	07/20/2030		498,787
		Wind River 2014-3 CLO, Ltd.
	1,500,000	Series 2018-3A(e)(f)	3M US L + 3.40%	10/22/2031		1,481,542
		Wind River 2021-2 CLO, Ltd.
	500,000	Series 2021-2A(e)(f)	3M US L + 6.43%	07/20/2034		494,742
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $67,382,782)						66,741,351
EQUITY - LINKED NOTES - 0.00%
	263,093	Inverpamplona SA(i)(k)(l)	0.00%	12/30/2028		–
TOTAL EQUITY - LINKED NOTES
(Cost $11,250)						–
NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 22.99%
		Aaset 2021-2 Trust
	500,000	Series 2021-2A(f)	3.54%	12/15/2028		503,434
		Aaset Trust
	419,522	Series 2019-2(f)	3.38%	10/16/2026		390,510
		AASET, Ltd.
	476,217	Series 2018-1A(f)	3.84%	09/16/2023		420,479
		ABFC Trust
	2,925,052	Series 2007-WMC1(e)	1M US L + 1.25%	06/25/2037		2,630,230
		Accredited Mortgage Loan Trust
	20,585,000	Series 2006-2(e)	1M US L + 0.29%	09/25/2036		18,248,003
		Adjustable Rate Mortgage Trust
	2,415,307	Series 2005-10(e)	2.64%	01/25/2036		2,169,722
		Affirm Asset Securitization Trust
	1,750,000	Series 2020-A(f)	6.23%	10/17/2022		1,762,079

Principal Amount/Description			Rate	Maturity		Value
		Alen Mortgage Trust
$	1,107,000	Series 2021-ACEN(e)(f)	1M US L + 4.00%	04/15/2026	$	1,108,988
		Alternative Loan Trust
	171,889	Series 2005-20CB	5.50%	07/25/2035		160,866
	67,465	Series 2005-54CB	5.50%	11/25/2035		50,768
	768,551	Series 2005-85CB(e)	1M US L + 1.10%	02/25/2036		649,450
	162,306	Series 2005-85CB(e)	21.63% - 3.67 x 1M US L	02/25/2036		195,751
	206,749	Series 2005-86CB	5.50%	02/25/2036		161,461
	187,311	Series 2005-9CB(e)	1M US L + 0.50%	05/25/2035		174,778
	332,665	Series 2005-9CB(e)(m)	5.05% - 1M US L	05/25/2035		30,371
	1,112,591	Series 2006-15CB	6.50%	06/25/2036		802,299
	124,172	Series 2006-30T1	6.25%	11/25/2036		113,785
	109,234	Series 2006-32CB	5.50%	11/25/2036		84,072
	248,306	Series 2006-36T2(e)	28.06% - 4.6 x 1M US L	12/25/2036		361,980
	864,481	Series 2007-19	6.00%	08/25/2037		609,618
	2,878,466	Series 2007-20	6.25%	08/25/2047		2,217,277
	846,410	Series 2007-23CB(e)	1M US L + 0.50%	09/25/2037		406,046
	808,180	Series 2007-23CB(e)(m)	6.50% - 1M US L	09/25/2037		254,722
		American Home Mortgage Investment Trust
	159,908	Series 2007-A(f)(n)	6.60%	01/25/2037		50,452
		AMSR
	5,100,000	Series 2020-SFR3(f)	4.99%	09/17/2025		5,194,757
	5,000,000	Series 2021-SFR1(e)(f)	4.61%	06/17/2028		5,082,125
		Arbor Realty Commercial Real Estate Notes, Ltd.
	800,000	Series 2021-FL2(e)(f)	1M US L + 1.60%	04/15/2026		799,300
	800,000	Series 2021-FL2(e)(f)	1M US L + 1.95%	07/15/2026		799,050
		AREIT Trust
	1,265,000	Series 2019-CRE3(e)(f)	30D SOFR + 2.76%	09/16/2036		1,257,504
		Atlas Senior Loan Fund X, Ltd.
	491,101	Series 2018-10A(e)(f)	3M US L + 1.09%	01/15/2031		491,359
		Atrium Hotel Portfolio Trust
	1,309,000	Series 2018-ATRM(e)(f)	1M US L + 3.40%	06/15/2035		1,251,489
		Atrium IX
	500,000	Series 2017-9A(e)(f)	3M US L + 3.60%	05/28/2030		499,748
		Atrium XIII
	1,000,000	Series 2017-13A(e)(f)	3M US L + 6.05%	11/21/2030		992,545
		Atrium XIV LLC
	1,000,000	Series 2018-14A(e)(f)	3M US L + 5.65%	08/23/2030		992,996
		Atrium XV
	1,000,000	Series 2018-15A(e)(f)	3M US L + 3.00%	01/23/2031		992,481
		BAMLL Commercial Mortgage Securities Trust
	683,000	Series 2019-AHT(e)(f)	2.57%	03/15/2034		681,103
		Banc of America Commercial Mortgage Trust
	600,000	Series 2015-UBS7(e)	4.36%	09/15/2025		616,713
		Banc of America Commercial Mortgage Trust 2016-UBS10
	1,045,000	Series 2016-UB10(e)	4.85%	05/15/2026		1,127,246
		Banc of America Funding Trust
	96,613	Series 2006-2	5.50%	03/25/2036		99,225
	2,705,206	Series 2010-R5(e)(f)	6.00%	10/26/2037		2,580,751
		Bancorp Commercial Mortgage Trust
	1,111,929	Series 2019-CRE5(e)(f)	1M US L + 2.35%	03/17/2036		1,105,136

Principal Amount/Description			Rate	Maturity		Value
		BANK
$	200,000	Series 2017-BNK5(e)	4.25%	06/15/2027	$	210,548
	10,291,000	Series 2018-BN12(e)(f)(m)	1.50%	05/15/2061		775,897
		BANK 2020-BNK27
	16,875,000	Series 2020-BN27(e)(f)(m)	0.72%	04/15/2030		888,621
		BANK 2021-BNK32
	10,635,815	Series 2021-BN32(e)(m)	0.78%	04/15/2054		606,085
		BANK 2021-BNK37
	828,000	Series 2021-BN37(e)	3.11%	11/15/2031		818,808
		BBCMS Trust
	3,000,000	Series 2018-CBM(e)(f)	1M US L + 3.55%	07/15/2037		2,973,014
		BCAP, LLC Trust
	106,150	Series 2007-AA2(e)	7.50%	04/25/2037		75,176
	68,872	Series 2007-AA2	6.00%	04/25/2037		47,472
	5,326,858	Series 2010-RR6(e)(f)	2.53%	07/26/2036		3,749,272
		Bear Stearns ALT-A Trust
	7,054,397	Series 2006-3(e)	2.65%	05/25/2036		5,971,392
	844,310	Series 2006-6(e)	3.24%	11/25/2036		563,131
		Bear Stearns Asset-Backed Securities Trust
	1,732,490	Series 2006-AC1(n)	6.25%	02/25/2036		1,160,851
		Bellemeade Real Estate, Ltd.
	1,469,148	Series 2019-2A(e)(f)	1M US L + 1.45%	04/25/2029		1,469,353
		Benchmark Mortgage Trust
	12,405,996	Series 2018-B2(e)(m)	0.41%	01/15/2028		225,375
	600,000	Series 2018-B2(e)	4.20%	01/15/2028		638,896
	21,962,683	Series 2018-B4(e)(m)	0.51%	06/15/2028		529,107
	1,589,000	Series 2018-B4(e)(f)	2.80%	07/17/2051		1,449,088
	954,000	Series 2020-B17(e)	3.37%	03/15/2030		964,742
	522,000	Series 2020-B18(f)	4.14%	08/15/2025		520,045
	1,510,000	Series 2021-B31(f)	2.25%	11/15/2031		1,163,351
		BF Mortgage Trust
	705,000	Series 2019-NYT(e)(f)	1M US L + 3.00%	12/15/2035		691,847
		Blackbird Capital Aircraft
	1,468,750	Series 2021-1A(f)	3.45%	07/15/2028		1,462,155
		BSPRT Issuer, Ltd.
	650,000	Series 2021-FL6(e)(f)	1M US L + 1.10%	03/15/2036		649,048
		BX Commercial Mortgage Trust
	829,000	Series 2021-21M(e)(f)	1M US L + 4.01%	10/15/2026		822,905
	834,000	Series 2021-VOLT(e)(f)	1M US L + 2.40%	09/15/2023		828,445
		BX Trust
	636,000	Series 2019-OC11(e)(f)	4.08%	12/09/2029		656,738
	2,964,000	Series 2019-OC11(e)(f)	4.08%	12/06/2041		2,948,517
		Cantor Commercial Real Estate Lending
	1,113,000	Series 2019-CF1(e)(f)	4.12%	04/15/2024		1,081,665
		Carbon Capital VI Commercial Mortgage Trust
	359,976	Series 2019-FL2(e)(f)	1M US L + 2.85%	11/15/2021		348,585
		Carvana Auto Receivables Trust
	5,300	Series 2021-N1(f)	0.00%	01/10/2028		2,383,988
	5,250	Series 2021-N2(f)	0.00%	03/10/2028		2,923,361
		Cascade MH Asset Trust
	4,601,000	Series 2019-MH1(e)(f)	5.99%	10/25/2024		4,749,751
		Castlelake Aircraft Securitization Trust
	3,220,715	Series 2018-1(f)	6.63%	06/15/2043		2,530,055
		Castlelake Aircraft Structured Trust
	532,506	Series 2019-1A(f)	3.97%	04/15/2026		531,917
	2,750,000	Series 2019-1A(f)	0.00%	04/15/2039		962,500

Principal Amount/Description			Rate	Maturity		Value
		Cathedral Lake VIII, Ltd.
$	1,000,000	Series 2021-8A(e)(f)	3M US L + 2.62%	01/20/2035	$	1,000,000
	1,000,000	Series 2021-8A(e)(f)	3M US L + 3.42%	01/20/2035		1,000,000
		CD Mortgage Trust
	750,000	Series 2017-CD4(e)	4.35%	04/10/2027		789,055
		Chase Mortgage Finance Trust
	10,336,644	Series 2007-S2	6.00%	03/25/2037		7,113,969
	352,529	Series 2007-S3	5.50%	05/25/2037		98,284
		CIFC Funding, Ltd.
	850,000	Series 2021-1A(e)(f)	3M US L + 6.00%	04/25/2033		849,351
	500,000	Series 2021-4A(e)(f)	3M US L + 2.85%	07/15/2033		499,996
	500,000	Series 2021-4A(e)(f)	3M US L + 5.95%	07/15/2033		497,226
	2,500,000	Series 2021-5A(e)(f)	3M US L + 6.50%	07/15/2034		2,483,430
		Citicorp Mortgage Securities Trust
	358,473	Series 2007-1	6.00%	01/25/2037		361,020
		Citigroup Commercial Mortgage Trust
	3,488,350	Series 2014-GC25(e)(m)	0.96%	10/10/2047		77,328
	866,000	Series 2015-GC27(e)(f)	4.42%	02/12/2048		835,781
	400,000	Series 2015-GC31(e)	4.05%	06/10/2025		409,374
	344,000	Series 2016-GC36(f)	2.85%	02/12/2049		246,802
	464,000	Series 2017-C4(e)	4.10%	10/12/2027		495,394
	520,000	Series 2019-GC41	3.20%	08/10/2029		537,230
	1,000,000	Series 2019-SMRT(e)(f)	4.75%	01/10/2036		1,028,331
	1,433,000	Series 2020-555(e)(f)	3.50%	12/12/2041		1,131,407
	1,000,000	Series 2020-GC46(f)	2.60%	02/15/2030		808,879
		Citigroup Mortgage Loan Trust
	665,961	Series 2006-WF1(n)	4.82%	03/25/2036		398,270
	1,021,987	Series 2007-OPX1(n)	6.33%	01/25/2037		582,891
		CitiMortgage Alternative Loan Trust
	385,768	Series 2007-A1	6.00%	01/25/2037		389,314
	75,986	Series 2007-A1(e)(m)	5.40% - 1M US L	01/25/2037		11,923
	55,522	Series 2007-A3(e)	6.00%	03/25/2037		56,532
	127,774	Series 2007-A3(e)(m)	5.40% - 1M US L	03/25/2037		20,323
	398,638	Series 2007-A6	5.50%	06/25/2037		375,673
		CLNC, Ltd.
	1,037,000	Series 2019-FL1(e)(f)	30D US SOFR + 1.66448%	12/19/2025		1,039,329
		Cologix Data Centers US Issuer LLC
	2,800,000	Series 2021-1A(f)	5.99%	12/28/2026		2,826,275
		COMM 2014-CCRE16 Mortgage Trust
	1,100,000	Series 2014-CR16(e)	4.92%	04/10/2024		1,140,490
		COMM Mortgage Trust
	887,000	Series 2013-CR11(e)	5.11%	09/10/2023		933,021
		Commercial Mortgage Pass-Through Certificates
	242,400	Series 2014-CR19(e)	4.70%	08/10/2024		250,272
	604,000	Series 2014-CR20(e)	4.50%	10/10/2024		613,891
	8,643,268	Series 2014-UBS4(f)	3.75%	08/10/2024		1,375,013
	11,000	Series 2014-UBS4(e)(f)	0.00%	08/10/2047		1
	3,149,533	Series 2015-CR22(e)(m)	0.89%	03/10/2025		65,556
	4,449,963	Series 2015-CR26(e)(m)	0.93%	09/10/2025		128,273
	419,000	Series 2015-LC23(e)	4.62%	10/10/2025		440,562
		CORE Mortgage Trust
	432,000	Series 2019-CORE(e)(f)	1M US L + 1.90%	12/15/2031		422,830
	432,000	Series 2019-CORE(e)(f)	1M US L + 2.35%	12/15/2031		424,427

Principal Amount/Description			Rate	Maturity		Value
		Countrywide Home Loan Mortgage Pass-Through Trust
$	1,605,970	Series 2005-HYB7(e)	2.72%	11/20/2035	$	1,493,053
	26,188	Series 2005-J4	5.50%	11/25/2035		25,165
	1,277,262	Series 2006-18	6.00%	12/25/2036		955,438
	178,287	Series 2007-17	6.00%	10/25/2037		162,358
	227,312	Series 2007-3	6.00%	04/25/2037		156,430
	248,042	Series 2007-7	5.75%	06/25/2037		172,288
		Credit Suisse First Boston Mortgage Securities Corp.
	53,258	Series 2005-10	5.50%	11/25/2035		49,409
	45,607	Series 2005-8	5.50%	08/25/2025		43,320
	4,013,441	Series 2005-9	6.00%	10/25/2035		1,716,211
		Credit Suisse Mortgage Capital Certificates
	2,003,708	Series 2006-2	5.75%	03/25/2036		1,411,433
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2(n)	6.20%	09/25/2036		1,230,279
	130,919	Series 2007-1(e)	5.90%	05/25/2037		46,425
		CSAIL Commercial Mortgage Trust
	5,117,271	Series 2015-C1(e)(m)	0.82%	01/15/2025		104,323
	419,000	Series 2015-C4(e)	4.56%	11/15/2025		437,624
	490,000	Series 2016-C6(e)	4.92%	04/15/2026		510,398
	1,362,000	Series 2016-C6(e)(f)	4.92%	01/15/2049		1,211,103
		CSMC
	832,000	Series 2021-B33(e)(f)	3.65%	10/10/2031		840,255
		CSMC Mortgage-Backed Trust
	156,925	Series 2006-1	6.00%	02/25/2036		78,724
	20,824	Series 2006-4	5.50%	05/25/2021		18,681
	791,384	Series 2006-5	6.25%	06/25/2036		262,856
	70,348	Series 2006-9	6.00%	11/25/2036		56,693
	5,881	Series 2007-2	5.00%	03/25/2037		5,520
	485,312	Series 2007-3(e)	5.84%	04/25/2037		175,177
	253,000	Series 2017-CHOP(e)(f)	1M US L + 1.90%	07/15/2032		250,053
	223,000	Series 2017-CHOP(e)(f)	1M US L + 3.30%	07/15/2032		214,671
		DataBank Issuer
	636,000	Series 2021-1A(f)	2.65%	02/25/2026		622,846
		DBJPM 16-C1 Mortgage Trust
	1,309,000	Series 2016-C1(e)	3.33%	05/12/2049		1,252,824
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	215,213	Series 2005-6(e)(m)	5.08% - 1M US L	12/25/2035		33,380
	94,368	Series 2005-6(e)	1M US L + 1.40%	12/25/2035		72,706
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	130,255	Series 2006-PR1(e)(f)	12.12% - 1M US L	04/15/2036		138,700
		Diamond Infrastructure Funding LLC
	1,000,000	Series 2021-1A(f)	2.36%	12/20/2026		986,717
	2,000,000	Series 2021-1A(f)	3.48%	12/20/2026		1,993,410
		DOLP Trust
	1,000,000	Series 2021-NYC(e)(f)	3.70%	05/10/2031		982,786
		Dryden 38 Senior Loan Fund
	1,000,000	Series 2018-38A(e)(f)	3M US L + 5.60%	07/15/2030		956,691
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A(e)(f)	3M US L + 5.75%	08/15/2031		980,076
	500,000	Series 2018-40A(e)(f)	3M US L + 3.10%	08/15/2031		500,002
		Dryden 42 Senior Loan Fund
	500,000	Series 2018-42A(e)(f)	3M US L + 2.93%	07/15/2030		492,721

Principal Amount/Description			Rate	Maturity		Value
		Fannie Mae-Aces
$	24,921,930	Series 2019-M12(e)(m)	0.59%	06/25/2029	$	1,185,823
	16,971,187	Series 2019-M24(e)(m)	1.15%	03/25/2031		1,474,285
	48,712,149	Series 2019-M7(e)(m)	0.35%	04/25/2029		1,714,658
	52,580,131	Series 2020-M10(e)(m)	0.82%	12/25/2027		1,896,097
	56,738,400	Series 2020-M10(e)(m)	0.87%	07/25/2032		3,996,488
	16,966,187	Series 2020-M13(e)(m)	1.30%	09/25/2030		1,345,502
		First Horizon Alternative Mortgage Securities Trust
	570,112	Series 2005-FA6	5.50%	09/25/2035		448,875
		First Horizon Mortgage Pass-Through Trust
	716,415	Series 2007-AR3(e)	2.69%	11/25/2037		494,197
		FirstKey Homes
	1,100,000	Series 2020-SFR1(f)	4.28%	08/19/2037		1,121,508
		Fontainebleau Miami Beach Trust
	251,000	Series 2019-FBLU(e)(f)	3.96%	12/10/2024		238,556
	1,656,000	Series 2019-FBLU(e)(f)	3.96%	12/12/2036		1,567,693
		FREMF Mortgage Trust
	890,367	Series 2015-KF07(e)(f)	1M US L + 4.95%	02/25/2025		894,556
	1,000,094	Series 2016-KF19(e)(f)	1M US L + 5.50%	06/25/2023		1,002,327
	999,779	Series 2016-KF22(e)(f)	1M US L + 5.05%	07/25/2023		1,009,618
	887,222	Series 2016-KF25(e)(f)	1M US L + 5.00%	10/25/2023		888,887
	825,000	Series 2018-K74(e)(f)	4.09%	02/25/2028		875,268
	2,252,596	Series 2018-KF56(e)(f)	1M US L + 5.80%	11/25/2028		2,275,646
	820,000	Series 2019-K736(e)(f)	3.76%	07/25/2026		859,322
	1,988,356	Series 2019-KF71(e)(f)	1M US L + 6.00%	10/25/2029		2,031,422
		FRTKL
	4,050,000	Series 2021-SFR1(f)	4.11%	09/17/2026		3,979,258
		GAIA Aviation, Ltd.
	483,611	Series 2019-1(f)(n)	3.97%	12/15/2026		471,722
	405,616	Series 2019-1(f)(n)	7.00%	12/15/2026		318,941
		Ginnie Mae Strip
	7,510,434	Series 2020-3(m)	1.40%	09/16/2045		698,140
		Government National Mortgage Association
	17,713,994	Series 2016-162(e)(m)	0.77%	09/16/2058		758,292
	19,064,965	Series 2020-168(e)(m)	0.99%	12/16/2062		1,536,760
	2,636,670	Series 2021-164(e)(m)	0.97%	10/16/2063		225,406
	19,360,978	Series 2021-52(e)	0.82%	04/16/2063		1,404,289
		Great Wolf Trust
	3,084,000	Series 2019-WOLF(e)(f)	1M US L + 3.13%	12/15/2036		2,903,168
		GS Mortgage Securities Corp. II
	1,111,000	Series 2021-ARDN(e)(f)	1M US L + 5.00%	11/15/2023		1,114,380
	1,111,000	Series 2021-ARDN(e)(f)	1M US L + 5.9332%	11/15/2023		1,114,775
		GS Mortgage Securities Corp. Trust
	1,000,000	Series 2018-RIVR(e)(f)	1M US L + 1.55%	07/15/2035		935,670
		GS Mortgage Securities Corportation Trust
	691,000	Series 2021-IP(e)(f)	1M US L + 2.10%	10/15/2023		692,719
	691,000	Series 2021-IP(e)(f)	1M US L + 3.55%	10/15/2023		692,475
		GS Mortgage Securities Trust
	12,844	Series 2011-GC3(e)(f)(m)	0.29%	03/10/2044		0
	397,927	Series 2011-GC5(e)(f)(m)	1.95%	08/10/2044		4
	2,417,000	Series 2014-GC26(e)(f)	4.51%	11/10/2047		1,666,386
	1,110,000	Series 2015-GC28(e)(f)	4.32%	02/10/2048		1,104,446
	7,062,655	Series 2015-GS1(e)(m)	0.77%	11/10/2025		185,119
	260,000	Series 2016-GS2(e)	3.76%	04/10/2026		272,122

Principal Amount/Description			Rate	Maturity		Value
$	1,954,000	Series 2018-TWR(e)(f)	1M US L + 3.92%	07/15/2031	$	1,712,019
	636,000	Series 2020-GC45(e)	3.41%	12/13/2029		670,435
		GSAA Home Equity Trust
	2,042,666	Series 2006-13(e)	6.04%	07/25/2036		886,006
	481,262	Series 2006-18(n)	6.18%	11/25/2036		175,974
	149,579	Series 2006-6(e)	5.69%	03/25/2036		61,637
	851,195	Series 2007-2(n)	6.60%	03/25/2037		288,046
		GSCG Trust
	1,303,000	Series 2019-600C(e)(f)	3.99%	09/06/2024		1,235,017
		GSR Mortgage Loan Trust
	991,418	Series 2006-2F	5.25%	02/25/2036		592,419
	9,590	Series 2007-2F	5.75%	02/25/2037		457,462
	1,780,152	Series 2007-2F	6.00%	03/25/2037		1,266,774
	763,881	Series 2007-AR2(e)	2.85%	05/25/2037		556,321
		Hardee's Funding LLC
	967,500	Series 2018-1A(f)	5.71%	06/20/2028		1,071,600
		Hawaii Hotel Trust
	1,391,000	Series 2019-MAUI(e)(f)	1M US L + 2.75%	05/15/2038		1,381,234
		Hayfin Kingsland X, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 1.85%	04/28/2031		500,089
		Highbridge Loan Management 3-2014
	500,000	Series 2017-2014(e)(f)	3M US L + 3.60%	07/18/2029		498,633
		Highbridge Loan Management 4-2014, Ltd.
	500,000	Series 2018-2014(e)(f)	3M US L + 5.55%	01/28/2030		477,673
		Highbridge Loan Management, Ltd.
	500,000	Series 2017-2A(e)(f)	3M US L + 6.60%	10/20/2029		490,012
	2,000,000	Series 2018-2015(e)(f)	3M US L + 5.10%	02/05/2031		1,866,099
	500,000	Series 2018-2016(e)(f)	3M US L + 2.90%	07/20/2030		488,317
		Horizon Aircraft Finance III, Ltd.
	922,221	Series 2019-2(f)	3.43%	11/15/2026		912,953
		HPLY Trust
	567,847	Series 2019-HIT(e)(f)	1M US L + 3.15%	11/15/2021		550,766
	1,131,627	Series 2019-HIT(e)(f)	1M US L + 3.90%	11/17/2036		1,106,509
		HSI Asset Securitization Corp. Trust
	8,606,201	Series 2006-HE1(e)	1M US L + 0.28%	10/25/2036		3,653,229
	1,416,649	Series 2007-NC1(e)	1M US L + 0.18%	04/25/2037		1,133,275
		IndyMac IMJA Mortgage Loan Trust
	1,021,000	Series 2007-A1	6.00%	08/25/2037		578,289
		IndyMac IMSC Mortgage Loan Trust
	4,663,157	Series 2007-F2	6.50%	07/25/2037		2,317,427
		IndyMac Index Mortgage Loan Trust
	1,636,720	Series 2006-AR25(e)	2.94%	09/25/2036		1,650,761
		Invitation Homes
	994,857	Series 2018-SFR1(e)(f)	1M US L + 1.25%	03/17/2037		994,969
		ITE Rail Fund Levered LP
	959,777	Series 2021-1A(f)	2.25%	02/28/2051		962,125
	732,408	Series 2021-3A(f)	2.21%	06/28/2027		731,204
		J.P. Morgan Chase Commercial Mortgage Securities Trust
	2,092,000	Series 2018-AON(e)(f)	4.61%	07/05/2023		2,091,311
		JOL Air, Ltd.
	828,115	Series 2019-1(f)	3.97%	04/15/2026		804,495
		JP Morgan Alternative Loan Trust
	187,465	Series 2005-S1	6.00%	12/25/2035		166,778

Principal Amount/Description			Rate	Maturity		Value
$	48,772	Series 2006-S3(n)	6.62%	08/25/2036	$	48,860
		JP Morgan BB Commercial Mortgage Securities Trust
	400,000	Series 2014-C21(e)	4.64%	07/15/2024		407,533
	2,086,000	Series 2014-C23(e)(f)	3.36%	11/18/2048		1,644,150
	388,000	Series 2014-C26(e)	4.38%	12/15/2024		394,442
	4,378,921	Series 2015-C28(e)(m)	0.96%	03/15/2025		103,359
	542,000	Series 2015-C28	3.99%	10/19/2048		548,007
	8,485,688	Series 2015-C30(e)(m)	0.50%	07/15/2025		131,316
	3,333,121	Series 2015-C31(e)(m)	0.82%	08/15/2025		82,068
		JP Morgan Chase Commercial Mortgage Securities Trust
	1,157,000	Series 2011-C3(e)(f)	5.52%	02/15/2046		459,154
	2,133,654	Series 2012-C8(e)	1.72%	09/15/2022		9,426
	1,010,000	Series 2018-WPT(e)(f)	5.54%	07/05/2023		1,014,287
	704,000	Series 2019-MFP(e)(f)	1M US L + 3.00%	07/15/2036		688,397
	235,000	Series 2019-UES(f)	4.34%	05/05/2032		234,857
	1,135,000	Series 2019-UES(e)(f)	4.45%	05/05/2032		1,061,963
	915,000	Series 2021-MHC(e)(f)	1M US L + 2.45%	04/15/2026		915,601
		JP Morgan Mortgage Acquisition Corp.
	3,900,000	Series 2005-WMC1(e)	1M US L + 0.90%	09/25/2035		3,805,832
	213,363	Series 2006-CH2(n)	5.46%	09/25/2029		163,008
		JP Morgan Mortgage Acquisition Trust
	3,658,463	Series 2006-RM1(e)	1M US L + 0.48%	08/25/2036		2,175,964
		JP Morgan Mortgage Trust
	847,860	Series 2007-S3	6.00%	07/25/2037		599,976
		JP Morgan Resecuritization Trust
	601,552	Series 2011-1(e)(f)	6.00%	06/26/2037		554,614
		JPMBB Commercial Mortgage Securities Trust
	1,000,000	Series 2013-C12(e)	4.10%	06/15/2023		1,022,260
	17,802,460	Series 2014-C24(e)(m)	0.86%	09/17/2047		334,576
	1,110,000	Series 2014-C26(e)(f)	3.88%	12/15/2024		1,069,952
	519,000	Series 2015-C27(e)	4.31%	02/15/2025		523,571
		JPMCC Commercial Mortgage Securities Trust
	486,000	Series 2017-JP7(e)	3.65%	07/15/2027		502,785
		JPMDB Commercial Mortgage Securities Trust
	421,000	Series 2020-COR7(e)	3.73%	03/13/2030		435,896
		Kestrel Aircraft Funding, Ltd.
	504,572	Series 2018-1A(f)	4.25%	10/15/2025		492,028
		Laurel Road Prime Student Loan Trust
	27,279,908	Series 2020-A(f)	0.00%	11/25/2050		2,238,071
		LB-UBS Commercial Mortgage Trust
	67,401	Series 2006-C7(e)(f)(m)	0.44%	11/15/2038		37
		LCM 28, Ltd.
	1,000,000	Series 2018-28A(e)(f)	3M US L + 5.75%	10/20/2030		964,693
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A(e)(f)	3M US L + 5.60%	07/16/2031		466,824
		LCM XIV LP
	1,000,000	Series 2018-14A(e)(f)	3M US L + 2.75%	07/20/2031		972,962
	750,000	Series 2018-14A(e)(f)	3M US L + 5.50%	07/20/2031		691,249
		LCM XVII LP
	1,000,000	Series 2018-17A(e)(f)	3M US L + 6.00%	10/15/2031		929,500

Principal Amount/Description			Rate	Maturity		Value
		LCM XX LP
$	1,000,000	Series 2018-20A(e)(f)	3M US L + 5.45%	10/20/2027	$	980,616
		Legacy Mortgage Asset Trust
	4,000,000	Series 2019-GS2(f)(n)	4.25%	01/25/2059		4,003,354
	13,400,000	Series 2019-GS3(f)(n)	4.25%	04/25/2059		13,423,043
	4,300,000	Series 2019-GS4(f)(n)	4.25%	05/25/2059		4,303,811
		Lehman Mortgage Trust
	435,227	Series 2006-6	5.50%	10/25/2036		377,279
	3,848,591	Series 2006-7(e)	1M US L + 0.25%	11/25/2036		181,017
	3,848,591	Series 2006-7(e)(m)	7.75% - 1M US L	11/25/2036		757,367
	1,217,628	Series 2006-8(e)	1M US L + 0.42%	12/25/2036		241,752
	1,217,628	Series 2006-8(e)(m)	6.58% - 1M US L	12/25/2036		285,432
	263,226	Series 2007-10	6.50%	01/25/2038		119,946
		MACH 1 Cayman, Ltd.
	1,167,101	Series 2019-1(f)	3.47%	08/15/2026		1,144,915
		Madison Park Funding LII, Ltd.
	500,000	Series 2021-52A(e)(f)	3M US L + 3.15%	01/22/2035		500,000
		Madison Park Funding XIV, Ltd.
	1,000,000	Series 2018-14A(e)(f)	3M US L + 2.95%	10/22/2030		998,225
	1,000,000	Series 2018-14A(e)(f)	3M US L + 5.80%	10/22/2030		968,716
		Madison Park Funding XLV, Ltd.
	1,000,000	Series 2021-45A(e)(f)	3M US L + 3.15%	07/15/2034		999,991
		Madison Park Funding XXVI, Ltd.
	500,000	Series 2017-26A(e)(f)	3M US L + 6.50%	07/29/2030		498,112
		Madison Park Funding XXXVIII, Ltd.
	500,000	Series 2021-38A(e)(f)	3M US L + 6.00%	07/17/2034		496,671
		Master Asset Backed Securities Trust
	4,530,637	Series 2006-NC3(e)	1M US L + 0.21%	10/25/2036		3,023,783
		MBRT
	584,000	Series 2019-MBR(e)(f)	1M US L + 2.55%	11/25/2021		576,833
	1,406,000	Series 2019-MBR(e)(f)	1M US L + 3.15%	11/25/2021		1,386,854
		Med Trust
	830,000	Series 2021-MDLN(e)(f)	1M US L + 2.00%	11/15/2023		829,843
	1,100,000	Series 2021-MDLN(e)(f)	1M US L + 5.25%	11/15/2023		1,096,243
		Merrill Lynch Alternative Note Asset Trust
	687,858	Series 2007-F1	6.00%	03/25/2037		106,771
		Merrill Lynch Mortgage Investors Trust
	10,305,636	Series 2006-RM3(e)	1M US L + 0.48%	06/25/2037		3,054,524
		MFT Trust
	2,010,000	Series 2020-ABC(e)(f)	3.48%	02/10/2030		1,811,256
		MHC Commercial Mortgage Trust
	675,000	Series 2021-MHC(e)(f)	1M US L + 2.60%	04/15/2026		675,630
		MKT Mortgage Trust
	250,000	Series 2020-525M(e)(f)	2.94%	02/12/2030		229,915
		Morgan Stanley Bank of America Merrill Lynch Trust
	2,701,326	Series 2012-C5(e)(f)(m)	1.34%	07/15/2022		6,664
	602,000	Series 2015-C20(e)	4.45%	01/15/2025		617,120
	822,000	Series 2015-C21(e)	4.14%	02/15/2025		757,424
	350,000	Series 2015-C27(e)	4.50%	11/15/2025		357,009
	1,292,000	Series 2016-C31(e)(f)	3.00%	10/15/2026		1,088,242
	1,100,000	Series 2017-C34(f)	2.70%	10/15/2027		963,631
		Morgan Stanley Capital I
	858,000	Series 2017-HR2(e)	4.22%	12/15/2027		904,951
		Morgan Stanley Capital I Trust
	600,000	Series 2012-C4(e)(f)	5.41%	03/15/2022		598,015
	1,252,492	Series 2016-UB11 XA(e)(m)	1.50%	08/15/2026		65,100

Principal Amount/Description			Rate	Maturity		Value
$	576,000	Series 2017-CLS(e)(f)	1M US L + 2.60%	11/15/2034	$	574,190
	765,000	Series 2018-H4(f)	3.00%	12/15/2028		677,287
	1,000,000	Series 2018-SUN(e)(f)	1M US L + 3.05%	07/15/2035		993,734
	845,000	Series 2019-H7(f)	3.00%	07/15/2029		756,096
	750,000	Series 2019-H7	4.13%	07/15/2029		778,066
	826,000	Series 2021-L6(e)	3.46%	07/15/2031		840,933
	10,249,000	Series 2021-L7(e)(f)(m)	0.92%	10/15/2031		836,513
		Morgan Stanley Mortgage Loan Trust
	1,410,402	Series 2005-3AR(e)	2.33%	07/25/2035		1,318,657
	2,752,121	Series 2006-11	6.00%	08/25/2036		2,384,489
	684,537	Series 2006-7(e)	5.14%	06/25/2036		561,357
	774,455	Series 2006-7	6.00%	06/25/2036		571,772
	361,774	Series 2007-3XS(n)	5.70%	01/25/2047		189,353
		Morgan Stanley Re-REMIC Trust
	89,168	Series 2011-R1(e)(f)	5.94%	02/26/2037		91,387
		Mosaic Solar Loan Trust
	81,945	Series 2017-1A(f)	4.45%	06/20/2042		85,892
	329,795	Series 2018-1A(f)	4.01%	08/20/2030		348,678
	1,730,577	Series 2020-1A(f)	0.00%	04/20/2046		1,614,021
	642,613	Series 2020-2A(f)	3.00%	06/20/2025		649,082
		MSCG Trust
	1,918,000	Series 2018-SELF(e)(f)	1M US L + 3.05%	10/15/2037		1,910,132
		MVW 2021-1W LLC
	1,064,254	Series 2021-1WA(f)	1.94%	01/22/2041		1,061,017
	1,234,535	Series 2021-1WA(f)	3.17%	01/22/2041		1,228,279
		Navient Private Education Refi Loan Trust
	500,000	Series 2018-A(f)	3.68%	11/17/2025		508,063
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	1,046,425	Series 2005-AP3(e)	5.32%	08/25/2035		686,340
		Octagon Investment Partners 20-R, Ltd.
	1,500,000	Series 2019-4A(e)(f)	3M US L + 6.80%	05/12/2031		1,485,045
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A(e)(f)	3M US L + 8.09%	07/15/2030		935,245
		Octagon Investment Partners 29, Ltd.
	2,000,000	Series 2020-1A(e)(f)	3M US L + 7.25%	01/24/2033		1,994,107
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A(e)(f)	3M US L + 2.85%	07/25/2030		490,927
		Octagon Investment Partners 40, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 7.00%	01/20/2035		500,009
		Octagon Investment Partners 42, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 6.75%	07/15/2034		991,278
		Octagon Investment Partners 46, Ltd.
	1,000,000	Series 2021-2A(e)(f)	3M US L + 6.60%	07/15/2036		991,568
		Octagon Investment Partners 49, Ltd.
	625,000	Series 2021-5A(e)(f)	3M US L + 6.75%	01/15/2033		626,176
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.00%	07/17/2030		496,878
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.75%	07/17/2030		972,168

Principal Amount/Description			Rate	Maturity		Value
		Octagon Investment Partners XXI, Ltd.
$	1,000,000	Series 2019-1A(e)(f)	3M US L + 7.00%	02/14/2031	$	996,196
		Octagon Investment Partners XXII, Ltd.
	970,000	Series 2018-1A(e)(f)	3M US L + 1.90%	01/22/2030		966,421
	500,000	Series 2018-1A(e)(f)	3M US L + 5.45%	01/22/2030		474,727
		OHA Credit Funding 1, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.05%	10/20/2030		501,957
		OHA Credit Funding 3, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 2.90%	07/02/2035		992,681
	2,000,000	Series 2021-3A(e)(f)	3M US L + 6.25%	07/02/2035		1,996,073
		OHA Credit Funding 5, Ltd.
	2,000,000	Series 2020-5A(e)(f)	3M US L + 6.25%	04/18/2033		1,986,703
		OHA Credit Funding 9, Ltd.
	500,000	Series 2021-9A(e)(f)	3M US L + 2.94%	07/19/2035		496,324
		One Market Plaza Trust
	688,000	Series 2017-1MKT(f)	4.14%	02/10/2032		684,856
		Pagaya AI Debt Selection Trust
	2,500,000	Series 2020-3(f)	6.43%	05/17/2027		2,583,923
	1,228,984	Series 2021-2(f)	3.00%	01/25/2029		1,229,466
	2,000,000	Series 2021-5(f)	0.00%	08/15/2029		3,103,998
		Park Place Securities, Inc. Asset-Backed Pass-Through Certificates Series 2005-WCW
	5,000,000	Series 2005-WCW2(e)	1M US L + 0.98%	07/25/2035		4,883,170
		People's Choice Home Loan Securities Trust
	5,000,000	Series 2005-4(e)	1M US L + 0.65%	12/25/2035		3,568,433
		PFP, Ltd.
	624,000	Series 2019-5(e)(f)	1M US L + 2.00%	03/14/2022		623,908
		PR Mortgage Loan Trust
	8,205,911	Series 2014-1(e)(f)	5.87%	10/25/2049		8,121,101
		Prime Mortgage Trust
	5,128	Series 2006-1	5.50%	06/25/2036		5,133
	61,842	Series 2006-DR1(f)	5.50%	05/25/2035		59,524
		Primose Funding LLC
	980,000	Series 2019-1A(f)	4.48%	07/30/2026		1,008,696
		Progress Residential
	2,500,000	Series 2021-SFR3(f)	4.75%	05/17/2026		2,456,798
		Progress Residential
	6,900,000	Series 2021-SFR8(f)	4.01%	10/17/2026		6,845,076
		RBSGC Structured Trust
	132,909	Series 2008-B(f)	6.00%	06/25/2037		131,423
		Residential Accredit Loans, Inc.
	3,483,898	Series 2006-QA5(e)	1M US L + 0.22%	07/25/2036		1,837,671
	1,572,340	Series 2006-QS10	6.50%	08/25/2036		1,581,709
	373,145	Series 2006-QS6	6.00%	06/25/2036		368,402
	954,387	Series 2006-QS7	6.00%	06/25/2036		926,817
	50,174	Series 2006-QS7(e)	1M US L + 0.40%	06/25/2036		37,258
	150,522	Series 2006-QS7(e)(m)	5.60% - 1M US L	06/25/2036		21,039
	63,757	Series 2006-QS8(e)	1M US L + 0.45%	08/25/2036		46,540
	191,271	Series 2006-QS8(e)(m)	5.55% - 1M US L	08/25/2036		25,519
	5,960	Series 2007-QS6(e)	55.00% - 8.33 x 1M US L	04/25/2037		9,964
	553,431	Series 2007-QS9	6.50%	07/25/2037		546,461
	282,162	Series 2008-QR1	6.00%	08/25/2036		241,287
		Residential Asset Securitization Trust
	411,057	Series 2006-A1	6.00%	04/25/2036		272,164
	871,860	Series 2006-A2	6.00%	05/25/2036		527,426

Principal Amount/Description			Rate	Maturity			Value
$	885,215	Series 2006-A6	6.50%	07/25/2036		$	406,746
	260,683	Series 2006-A8	6.00%	08/25/2036			221,877
	150,501	Series 2006-A8	6.50%	08/25/2036			66,306
	318,647	Series 2006-A8(e)(m)	5.90% - 1M US L	08/25/2036			76,545
	1,339,638	Series 2007-A1	6.00%	03/25/2037			685,905
	62,485	Series 2007-A6	6.00%	06/25/2037			49,326
	2,589,320	Series 2007-A7	6.00%	07/25/2037			1,466,131
		Residential Funding Mortgage Securities I Trust
	480,187	Series 2006-S3	5.50%	03/25/2036			454,747
	95,037	Series 2006-S6	6.00%	07/25/2036			93,230
	246,039	Series 2007-S3	6.00%	03/25/2037			219,356
	133,865	Series 2007-S6	6.00%	06/25/2037			135,426
		RR 2, Ltd.
	1,000,000	Series 2021-2A(e)(f)	3M US L + 5.80%	04/15/2036			981,589
		RR 6, Ltd.
	1,000,000	Series 2021-6A(e)(f)	3M US L + 5.85%	04/15/2036			970,888
		Sapphire Aviation Finance I, Ltd.
	2,277,491	Series 2018-1A(f)	5.93%	03/15/2025			1,948,954
		Sapphire Aviation Finance II, Ltd.
	410,974	Series 2020-1A(f)	3.23%	03/15/2027			399,810
		Sequoia Mortgage Trust
	1,292,613	Series 2007-3(e)	2.73%	07/20/2037			1,164,618
		SG Commercial Mortgage Securities Trust
	1,854,000	Series 2016-C5	3.93%	06/10/2026			1,905,187
		Signal Rail I LLC
	493,702	Series 2021-1(f)	2.23%	08/17/2051			487,616
		S-Jets, Ltd.
	1,002,345	Series 2017-1(f)	3.97%	08/15/2025			961,107
		SLG Office Trust
	1,100,000	Series 2021-OVA(f)	2.85%	07/15/2031			1,020,171
		SMB Private Education Loan Trust
	318,931	Series 2018-B(e)(f)	1M US L + 0.72%	08/15/2027			320,225
	968	Series 2021-A(f)	0.00%	01/15/2053			3,052,909
		Sofi Alternative Consumer Loan Program
	50,000	Series 2021-2(f)	0.00%	12/31/2049			2,759,380
		Sofi Professional Loan Program Trust
	80,000	Series 2018-C(f)	0.00%	01/25/2048			1,652,388
		SoFi Professional Loan Program Trust
	50,000	Series 2020-A(f)	0.00%	05/15/2046			2,104,217
		Sofi Professional Loan Program, LLC
	32,412	Series 2018-A(f)	0.00%	02/25/2042			875,289
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D(f)	3.61%	09/25/2040			309,128
		Sprite, Ltd.
	292,209	Series 2017-1(f)	4.25%	12/15/2024			290,234
	496,210	Series 2021-1(f)	3.75%	11/15/2028			492,174
		SREIT Trust
	1,150,000	Series 2021-MFP2(e)(f)	1M US L + 3.9155%	11/15/2023			1,150,104
		Stack Infrastructure Issuer LLC			��
	971,667	Series 2019-1A(f)	4.54%	02/26/2024			1,007,686
	750,000	Series 2019-2A(f)	3.08%	10/25/2024			765,183

Principal Amount/Description			Rate	Maturity		Value
		Start, Ltd.
$	647,397	Series 2018-1(f)	4.09%	05/15/2025	$	639,192
	736,408	Series 2019-1(f)	4.09%	03/15/2026		734,731
		Structured Adjustable Rate Mortgage Loan Trust
	653,244	Series 2005-15(e)	2.94%	07/25/2035		487,020
		Structured Asset Securities Corp.
	167,166	Series 2005-RF1(e)(f)	1M US L + 0.35%	03/25/2035		158,008
	169,540	Series 2005-RF1(e)(f)(m)	4.46%	03/25/2035		20,779
		Sunnova Helios VII Issuer LLC
	1,235,454	Series 2021-C(f)	2.63%	10/20/2028		1,238,626
		Sunnova Sol III Issuer LLC
	1,460,779	Series 2021-1(f)	2.58%	04/30/2031		1,457,833
		Sunnova Sol Issuer LLC
	952,367	Series 2020-1A(f)	3.35%	01/30/2030		980,538
		Sunrun Atlas Issuer LLC
	1,185,642	Series 2019-2(f)	3.61%	10/30/2027		1,244,083
		TBW Mortgage-Backed Trust
	1,394,780	Series 2006-2	7.00%	07/25/2036		360,262
		Thunderbolt Aircraft Lease, Ltd.
	1,731,929	Series 2017-A(f)(n)	4.21%	04/15/2024		1,698,118
		Thunderbolt II Aircraft Lease, Ltd.
	4,464,286	Series 2018-A(f)(n)	5.07%	09/15/2038		4,253,527
		TIF Funding II LLC
	371,583	Series 2021-1A(f)	1.65%	02/20/2046		360,881
		TPGI Trust
	800,000	Series 2021-DGWD(e)(f)	1M US L + 3.85%	06/15/2026		796,635
		Tricon Residential
	3,700,000	Series 2021-SFR1(f)	4.13%	07/17/2026		3,632,427
		Trimaran Cavu 2019-1, Ltd.
	1,700,000	Series 2019-1A(e)(f)	3M US L + 4.15%	07/20/2032		1,691,742
		TRP - TRIP Rail Master Funding LLC
	983,318	Series 2021-2(f)	2.15%	06/17/2027		979,938
		TTAN
	742,657	Series 2021-MHC(e)(f)	1M US L + 2.90%	03/15/2026		738,343
		UBS Commercial Mortgage Trust
	31,908,500	Series 2017-C3(e)(m)	0.36%	08/15/2050		825,642
	650,000	Series 2017-C4(e)	4.24%	09/15/2027		683,891
	520,000	Series 2018-C10(e)	5.09%	05/15/2028		556,439
	928,000	Series 2018-C9(e)	4.88%	03/15/2028		1,000,563
		UBS-Barclays Commercial Mortgage Trust
	1,993,000	Series 2013-C5(e)(f)	4.08%	03/12/2046		1,827,202
		Upstart Pass-Through Trust
	343,498	Series 2021-ST1(f)	2.75%	02/20/2027		345,160
	730,355	Series 2021-ST2(f)	2.50%	04/20/2027		736,374
		Upstart Securitization Trust
	250,000	Series 2020-3(f)	3.01%	11/20/2030		253,551
	2,000	Series 2021-2	0.00%	06/20/2031		1,507,721
		US Auto Funding 2021-1
	1,125,000	Series 2021-1A(f)	2.20%	05/15/2026		1,107,306
		Vault DI Issuer LLC
	750,000	Series 2021-1A(f)	2.80%	07/15/2026		742,064
		VB-S1 Issuer LLC
	500,000	Series 2020-1A(f)	3.03%	06/15/2025		514,181
		VCC
	1,990,917	Series 2020-MC1(e)(f)	4.50%	06/25/2045		1,999,410
		Velocity Commercial Capital Loan Trust
	407,652	Series 2018-2(e)(f)	4.05%	09/25/2024		420,035

Principal Amount/Description			Rate	Maturity		Value
$	830,322	Series 2019-1(e)(f)	3.94%	01/25/2027	$	855,577
	359,142	Series 2019-1(e)(f)	4.01%	07/25/2027		367,378
	295,346	Series 2019-1(e)(f)	4.12%	11/25/2027		297,741
	1,406,099	Series 2021-2(e)(f)	4.92%	12/25/2030		1,378,631
		VOLT XCVI LLC
	4,000,000	Series 2021-NPL5(f)(n)	4.83%	03/27/2051		3,964,471
		Wachovia Bank Commercial Mortgage Trust
	24,702	Series 2006-C29(e)(m)	0.24%	11/15/2048		0
		Wachovia Mortgage Loan Trust, LLC Series Trust
	266,543	Series 2005-B(e)	2.18%	10/20/2035		260,719
		Washington Mutual Alternative Mortgage Pass-Through Certificates
	42,441	Series 2005-9	5.50%	11/25/2035		39,379
	357,454	Series 2006-5	6.00%	07/25/2036		319,940
		Washington Mutual Mortgage Pass-Through Certificates Trust
	624,574	Series 2006-2	6.00%	03/25/2036		640,594
		WAVE LLC
	885,172	Series 2019-1(f)	3.60%	09/15/2027		880,627
	1,048,461	Series 2019-1(f)	7.00%	09/15/2044		847,090
		Wells Fargo Alternative Loan Trust
	281,648	Series 2007-PA2(e)	1M US L + 0.43%	06/25/2037		226,576
	281,745	Series 2007-PA2(e)(m)	6.07% - 1M US L	06/25/2037		29,815
	139,307	Series 2007-PA3	5.75%	07/25/2037		141,188
	392,790	Series 2007-PA3	6.25%	07/25/2037		392,184
		Wells Fargo Commercial Mortgage Trust
	1,895,000	Series 2015-C28(e)	4.09%	05/15/2025		1,844,658
	520,000	Series 2015-NXS4(e)	4.69%	11/15/2025		551,909
	1,245,000	Series 2015-NXS4(e)	3.69%	11/15/2025		1,226,420
	1,000,000	Series 2016-C33(f)	3.12%	03/15/2059		936,490
	5,628,945	Series 2016-C37(e)(f)(m)	1.60%	12/15/2049		335,868
	550,000	Series 2016-LC24	3.62%	09/15/2026		571,659
	356,000	Series 2016-NXS6	3.81%	11/15/2049		370,942
	523,000	Series 2018-C47(e)	4.93%	10/15/2028		543,493
	613,000	Series 2020-C55	3.14%	02/15/2030		630,572
	6,251,876	Series 2021-C59(e)(m)	1.55%	04/15/2054		699,926
	830,000	Series 2021-C61	3.31%	07/15/2031		839,560
		WF-RBS Commercial Mortgage Trust
	1,846,828	Series 2012-C9(e)(f)(m)	1.85%	11/15/2045		13,145
	3,182,137	Series 2014-C21(e)(m)	1.02%	08/15/2047		67,352
	3,941,088	Series 2014-C22(e)(m)	0.79%	09/15/2057		67,534
	636,000	Series 2014-C23(e)(f)	4.00%	10/15/2057		627,740
		Willis Engine Structured Trust V
	900,689	Series 2020-A(f)	3.23%	03/15/2028		879,423
		Willis Engine Structured Trust VI
	2,761,197	Series 2021-A(f)	7.39%	05/15/2046		2,725,083
	1,965,252	Zephyrus Capital Aviation Tl(e)	1M US L + 4.61%	10/15/2038		1,935,431
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $502,020,717)						477,036,142
U.S. GOVERNMENT BONDS AND NOTES - 10.89%
	8,185,000	U.S. Treasury Bonds	1.38%	11/15/2031		8,083,966
	80,000	U.S. Treasury Bonds	5.00%	05/15/2037		116,472

Principal Amount/Description			Rate	Maturity		Value
$	7,080,000	U.S. Treasury Bonds	2.25%	05/15/2041	$	7,440,638
	9,080,000	U.S. Treasury Bonds	2.00%	11/15/2041		9,186,406
	545,000	U.S. Treasury Bonds	2.75%	11/15/2042		621,343
	5,900,000	U.S. Treasury Bonds	1.25%	05/15/2050		5,012,465
	58,500,000	U.S. Treasury Bonds	1.63%	11/15/2050		54,521,543
	505,000	U.S. Treasury Bonds	2.00%	08/15/2051		514,942
	11,620,000	U.S. Treasury Bonds	1.88%	11/15/2051		11,531,034
	710,000	U.S. Treasury Notes	0.13%	01/31/2023		707,657
	21,270,000	U.S. Treasury Notes	0.13%	02/28/2023		21,186,083
	15,720,000	U.S. Treasury Notes	0.13%	03/31/2023		15,649,383
	12,130,000	U.S. Treasury Notes	0.13%	04/30/2023		12,066,507
	905,000	U.S. Treasury Notes	0.50%	11/30/2023		901,606
	11,290,000	U.S. Treasury Notes	0.75%	12/31/2023		11,293,087
	20,600,000	U.S. Treasury Notes	1.00%	12/15/2024		20,624,945
	7,760,000	U.S. Treasury Notes	0.38%	11/30/2025		7,526,291
	1,035,000	U.S. Treasury Notes	1.25%	11/30/2026		1,034,515
	12,720,000	U.S. Treasury Notes	1.25%	12/31/2026		12,708,075
	10,040,000	U.S. Treasury Notes	0.50%	06/30/2027		9,609,378
	775,000	U.S. Treasury Notes	1.50%	11/30/2028		778,270
	15,040,000	U.S. Treasury Notes	1.38%	12/31/2028		14,976,550
TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $227,528,125)						226,091,156
MORTGAGE-BACKED SECURITIES - 1.46%
		Fannie Mae Pool
	5,259,971	Series 2021-	3.00%	10/01/2046		5,513,161
	2,550,000	Series 2021-	3.00%	12/01/2048		2,666,707
	2,298,642	Series 2021-	4.00%	05/01/2049		2,450,427
	3,038,602	Series 2021-	4.00%	06/01/2049		3,253,508
	2,703,980	Series 2021-	2.50%	12/01/2051		2,770,260
		Freddie Mac Pool
	4,607,186	Series 2021-	2.00%	11/01/2050		4,654,723
	991,723	Series 2021-	2.00%	11/01/2051		993,374
		Ginnie Mae II Pool
	5,938,349	Series 2021-	2.50%	10/20/2051		6,152,135
	1,745,144	Series 2021-	2.50%	11/20/2051		1,807,973
TOTAL MORTGAGE-BACKED SECURITIES
(Cost $30,372,746)						30,262,268
MUNICIPAL BONDS - 0.01%
	165,000	State of California, General Obligation Bonds	7.55%	04/01/2039		275,677
TOTAL MUNICIPAL BONDS
(Cost $236,063)						275,677
U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 11.97%
		Banc of America Funding
	2,085,233	Series 2007-A(e)	1M US L + 0.42%	02/20/2047		2,025,942
		Banc of America Funding
	1,955,658	Series 2014-R8(e)(f)	1M US L + 0.24%	12/26/2024		1,924,401
		Bear Stearns Structured Products, Inc.
	8,250,955	Series 2008-R2(e)(f)	2.84%	06/25/2047		7,272,930
		Chase Mortgage Finance Trust
	4,543,538	Series 2007-S4	6.00%	06/25/2037		2,871,433
		ChaseFlex Trust Series
	4,252,907	Series 2007-M1(e)	1M US L + 0.23%	08/25/2037		3,762,228

Principal Amount/Description			Rate	Maturity		Value
		Citigroup Mortgage Loan Trust
$	99,522	Series 2009-12(f)	5.50%	11/25/2035	$	93,210
	304,344	Series 2009-4(e)(f)	5.48%	05/25/2035		305,368
		Connecticut Avenue Securities Trust
	5,000,000	Series 2019-R05(e)(f)	1M US L + 4.10%	07/25/2039		5,091,946
		CSMC
	900,000	Series 2021-NQM6(e)(f)	2.58%	07/25/2066		898,744
		Deephaven Residential Mortgage Trust
	6,613,000	Series 2020-1(e)(f)	3.66%	03/25/2024		6,607,074
	4,000,000	Series 2020-1(e)(f)	4.54%	03/25/2024		4,008,564
		Fannie Mae Interest Strip
	7,800,485	Series 2014-419(m)	3.50%	04/25/2044		1,104,149
		Fannie Mae Pool
	3,000,000	Series 2018	3.50%	04/01/2030		3,372,873
	6,204,318	Series 2021-	2.00%	02/01/2051		6,223,875
	11,344,479	Series 2021-	2.50%	09/01/2051		11,714,037
	3,000,000	Series Pool #BL4424	2.14%	10/01/2029		3,081,774
	3,000,000	Series Pool #BL5156	2.37%	12/01/2029		3,157,504
		Fannie Mae REMICS
	6,943,141	Series 2014-1(e)(m)	5.90% - 1M US L	02/25/2044		1,264,997
	7,956,190	Series 2015-54(e)(m)	6.15% - 1M US L	07/25/2045		1,496,003
	2,855,842	Series 2020-45	3.00%	07/25/2040		2,960,093
	10,065,348	Series 2020-74(e)(m)	4.10% - 30D US SOFR	10/25/2050		1,337,280
	21,028,140	Series 2020-77(e)(m)	4.10% - 30D SOFR	11/25/2050		2,917,875
	2,354,357	Series 2021-48(e)	3.65% - 30D US SOFR	08/25/2051		294,016
		Federal Home Loan Mortgage Corp. Pool
	154,447	Series Pool #G01840	5.00%	07/01/2035		174,891
	55,749	Series Pool #G04817	5.00%	09/01/2038		63,227
		Federal Home Loan Mortgage Corp. REMICS
	754,540	Series 2003-2722(e)	9.89% - 1M US L	12/15/2033		908,415
	142,797	Series 2005-R003	5.50%	10/15/2035		161,904
	1,151,823	Series 2006-3244(e)(m)	6.66% - 1M US L	11/15/2036		248,313
	54,889	Series 2007-3261(e)(m)	6.43% - 1M US L	01/15/2037		10,181
	114,486	Series 2007-3262(e)(m)	6.40% - 1M US L	01/15/2037		13,112
	469,497	Series 2007-3301(e)(m)	6.10% - 1M US L	04/15/2037		75,531
	353,447	Series 2007-3303(e)(m)	6.10% - 1M US L	04/15/2037		66,007
	64,735	Series 2007-3382(e)(m)	6.00% - 1M US L	11/15/2037		10,156
	287,722	Series 2007-3384(e)(m)	6.31% - 1M US L	08/15/2036		59,417
	98,646	Series 2007-3384(e)(m)	6.39% - 1M US L	11/15/2037		12,115
	63,116	Series 2008-3417(e)(m)	6.18% - 1M US L	02/15/2038		7,887
	134,976	Series 2008-3423(e)(m)	5.65% - 1M US L	03/15/2038		16,284
	2,467,743	Series 2008-3423(e)(m)	6.00% - 1M US L	03/15/2038		14,441
	1,205,510	Series 2009-3510(e)	6.75% - 1M US L	02/15/2037		183,133
	297,134	Series 2009-3523(e)(m)	6.00% - 1M US L	04/15/2039		45,629
	52,890	Series 2009-3524	3.41%	06/15/2038		55,391
	7,735	Series 2009-3549(e)(m)	5.80% - 1M US L	07/15/2039		1,015
	610,181	Series 2009-3560(e)	6.40% - 1M US L	11/15/2036		77,617
	194,167	Series 2010-3641	4.50%	03/15/2040		216,392
	295,156	Series 2010-3726(e)(m)	6.05% - 1M US L	09/15/2040		51,395
	1,014,764	Series 2010-3728(e)(m)	4.45% - 1M US L	09/15/2040		119,394
	83,392	Series 2010-3779	4.00%	12/15/2030		89,753
	434,624	Series 2010-3779	3.50%	12/15/2030		461,660
	283,598	Series 2010-3779	4.50%	12/15/2040		309,905
	32,875	Series 2011-3786(e)	9.50% - 1M US L	01/15/2041		33,861
	265,496	Series 2011-3808	3.50%	02/15/2031		280,227

Principal Amount/Description			Rate	Maturity		Value
$	20,320	Series 2011-3809(e)	9.50% - 1M US L	02/15/2041	$	23,021
	597,705	Series 2011-3815(e)(m)	5.85% - 1M US L	02/15/2041		106,569
	223,388	Series 2011-3824	3.50%	03/15/2031		237,181
	309,240	Series 2011-3824(e)	7.10% - 1M US L	08/15/2036		64,609
	348,122	Series 2011-3863	5.50%	08/15/2034		391,466
	346,067	Series 2011-3864(e)	9.20% - 1M US L	05/15/2041		363,510
	376,209	Series 2011-3871	5.50%	06/15/2041		428,082
	367,237	Series 2011-3872(e)(m)	5.95% - 1M US L	06/15/2041		53,739
	2,532,066	Series 2011-3910	5.00%	08/15/2041		2,832,782
	1,665,755	Series 2011-3924(e)(m)	6.00% - 1M US L	09/15/2041		232,684
	1,992,882	Series 2012-3(e)(m)	5.95% - 1M US L	02/25/2042		366,559
	1,379,281	Series 2013-4170(e)	4.05% - 1M US L	01/15/2033		1,398,954
	11,128,435	Series 2013-4218	2.50%	02/15/2043		11,073,230
	2,265,594	Series 2013-4239	0.00%	07/15/2043		1,873,413
	3,621,918	Series 2014-4413	3.50%	11/15/2044		3,725,706
	3,681,633	Series 2015-4434	3.00%	02/15/2045		3,955,901
	3,558,247	Series 2015-4440	2.50%	02/15/2045		3,603,173
		Federal National Mortgage Association Pool
	42,990	Series Pool #555743	5.00%	09/01/2033		48,439
	50,599	Series Pool #735382	5.00%	04/01/2035		57,172
	139,980	Series Pool #735383	5.00%	04/01/2035		158,049
	89,853	Series Pool #735484	5.00%	05/01/2035		101,476
	22,885	Series Pool #AH4437	4.00%	01/01/2041		24,025
		Federal National Mortgage Association REMICS
	43,998	Series 2004-46(e)	6.00% - 1M US L	03/25/2034		3,186
	181,959	Series 2006-101(e)(m)	6.58% - 1M US L	10/25/2036		36,373
	517,535	Series 2006-123(e)(m)	6.32% - 1M US L	01/25/2037		99,144
	2,460,647	Series 2006-92(e)(m)	6.58% - 1M US L	10/25/2036		434,385
	64,599	Series 2007-102(e)(m)	6.40% - 1M US L	11/25/2037		10,806
	47,527	Series 2007-108(e)(m)	6.36% - 1M US L	12/25/2037		5,272
	12,701	Series 2007-30(e)(m)	6.11% - 1M US L	04/25/2037		1,723
	244,390	Series 2007-38(e)(m)	6.08% - 1M US L	05/25/2037		23,436
	10,237	Series 2007-51(e)(m)	6.10% - 1M US L	06/25/2037		1,325
	34,117	Series 2007-53(e)(m)	6.10% - 1M US L	06/25/2037		2,575
	357,759	Series 2007-57(e)(m)	6.62% - 1M US L	10/25/2036		60,117
	74,606	Series 2007-68(e)(m)	6.65% - 1M US L	07/25/2037		11,539
	419,906	Series 2008-3(e)(m)	6.46% - 1M US L	02/25/2038		83,069
	86,227	Series 2008-56(e)(m)	6.06% - 1M US L	07/25/2038		10,141
	24,922	Series 2008-81	5.50%	09/25/2038		27,855
	160,814	Series 2009-111	5.00%	01/25/2040		179,916
	83,373	Series 2009-111(e)(m)	6.25% - 1M US L	01/25/2040		14,395
	702,985	Series 2009-12(e)(m)	6.60% - 1M US L	03/25/2036		102,580
	20,282	Series 2009-28(e)	6.00% - 1M US L	04/25/2037		2,727
	192,548	Series 2009-41	4.50%	06/25/2039		205,926
	56,854	Series 2009-42(e)(m)	6.00% - 1M US L	06/25/2039		6,679
	107,981	Series 2009-47(e)(m)	6.10% - 1M US L	07/25/2039		15,732
	51,992	Series 2009-62(e)(m)	6.10% - 1M US L	08/25/2039		5,082
	48,783	Series 2009-66(e)	5.80% - 1M US L	02/25/2038		5,851
	32,783	Series 2009-68(e)(m)	5.25% - 1M US L	09/25/2039		3,513
	108,416	Series 2010-11(e)(m)	4.80% - 1M US L	02/25/2040		10,819
	20,667	Series 2010-111(e)(m)	6.00% - 1M US L	10/25/2040		2,784
	57,299	Series 2010-112	4.00%	10/25/2040		59,070
	90,892	Series 2010-115(e)	6.60% - 1M US L	11/25/2039		15,876
	1,256,970	Series 2010-115(e)(m)	6.00% - 1M US L	10/25/2040		230,360
	2,858,660	Series 2010-123(e)(m)	6.05% - 1M US L	11/25/2040		527,702
	470,134	Series 2010-15(e)(m)	4.95% - 1M US L	03/25/2040		61,984
	35,181	Series 2010-34(e)(m)	4.93% - 1M US L	04/25/2040		3,819
	41,533	Series 2010-4(e)(m)	6.23% - 1M US L	02/25/2040		6,188
	39,031	Series 2010-58(e)	12.47% - 1M US L	06/25/2040		43,089

Principal Amount/Description			Rate	Maturity		Value
$	1,672,312	Series 2010-75	4.50%	07/25/2040	$	1,836,207
	137,593	Series 2010-9(e)(m)	4.75% - 1M US L	02/25/2040		12,327
	34,680	Series 2010-9(e)(m)	5.30% - 1M US L	02/25/2040		4,035
	7,166	Series 2010-90(e)(m)	6.00% - 1M US L	08/25/2040		868
	208,622	Series 2011-16	3.50%	03/25/2031		221,291
	294,272	Series 2011-25	3.00%	04/25/2026		303,638
	235,223	Series 2011-29	3.50%	04/25/2031		247,480
	87,473	Series 2011-5(e)	6.40% - 1M US L	11/25/2040		3,167
	2,379,326	Series 2012-106(e)(m)	6.16% - 1M US L	10/25/2042		432,973
	345,426	Series 2012-124(e)	7.79% - 1M US L	11/25/2042		331,973
	132,481	Series 2012-29(e)(m)	6.00% - 1M US L	04/25/2042		18,530
	409,661	Series 2012-32(m)	5.00%	04/25/2042		63,838
	2,091,483	Series 2012-65(e)(m)	5.98% - 1M US L	06/25/2042		342,764
	847,731	Series 2018-21	0.00%	04/25/2048		778,842
		FMC GMSR Issuer Trust
	6,000,000	Series 2021-GT1(e)(f)	4.36%	07/25/2026		5,951,864
	5,000,000	Series 2021-GT2(e)(f)	4.44%	10/25/2026		5,009,585
		Freddie Mac Pool
	6,573,601	Series 2021-	2.00%	09/01/2051		6,561,303
	4,865,561	Series 2021-	3.00%	10/01/2051		5,049,388
		Freddie Mac REMICS
	2,941,233	Series 2011-3972(e)(m)	5.90% - 1M US L	12/15/2041		453,576
	2,606,666	Series 2020-5007(e)(m)	6.10% - 1M US L	08/25/2050		588,836
	4,563,302	Series 2020-5041	2.00%	11/25/2050		476,654
	11,570,567	Series 2021-5070(m)	3.50%	02/25/2051		1,672,704
		GCAT
	1,500,000	Series 2021-NQM4(e)(f)	2.47%	08/25/2025		1,488,691
		Government National Mortgage Association
	36,832	Series 2004-83(e)(m)	6.08% - 1M US L	10/20/2034		5,474
	32,025	Series 2008-6(e)(m)	6.46% - 1M US L	02/20/2038		3,017
	30,923	Series 2008-67(e)(m)	6.00% - 1M US L	08/20/2038		2,770
	483,516	Series 2008-69(e)(m)	7.63% - 1M US L	08/20/2038		87,520
	47,336	Series 2009-10(e)(m)	6.65% - 1M US L	02/16/2039		8,194
	511,287	Series 2009-35	4.50%	05/20/2039		550,242
	2,108,297	Series 2009-58(e)(m)	6.25% - 1M US L	06/20/2039		264,870
	34,141	Series 2009-6(e)	5.95% - 1M US L	02/20/2038		2,683
	984,086	Series 2009-75	5.00%	09/20/2039		1,098,008
	2,312,574	Series 2010-121(e)(m)	6.00% - 1M US L	09/20/2040		394,725
	40,677	Series 2010-61(e)(m)	6.55% - 1M US L	09/20/2039		5,835
	70,535	Series 2010-98(e)	5.60%	03/20/2039		5,886
	297,471	Series 2011-69	0.00%	05/20/2041		277,482
	976,054	Series 2011-71	4.50%	02/20/2041		1,067,749
	685,517	Series 2011-71(e)(m)	5.40% - 1M US L	05/20/2041		99,856
	219,535	Series 2011-72(e)(m)	6.15% - 1M US L	05/20/2041		42,372
	1,072,539	Series 2011-89(e)(m)	5.45% - 1M US L	06/20/2041		158,391
	2,381,632	Series 2013-113(e)(m)	6.25% - 1M US L	03/20/2043		194,738
	3,756,091	Series 2013-122(e)(m)	6.10% - 1M US L	08/16/2043		588,583
	2,825,331	Series 2013-148(e)(m)	5.68% - 1M US L	10/16/2043		605,608
	3,523,496	Series 2013-186(e)(m)	6.25% - 1M US L	02/16/2043		400,650
	2,375,689	Series 2014-156(e)(m)	6.25% - 1M US L	10/20/2044		483,718
	4,611,171	Series 2014-4(e)(m)	6.10% - 1M US L	01/16/2044		805,246
	5,887,185	Series 2014-41(e)(m)	6.10% - 1M US L	03/20/2044		1,206,004
	2,686,386	Series 2014-5(e)(m)	6.15% - 1M US L	07/20/2043		283,537
	3,994,749	Series 2014-95(e)(m)	6.25% - 1M US L	06/16/2044		664,429
	9,345,443	Series 2015-80(e)(m)	6.25% - 1M US L	06/20/2045		2,095,185
	18,895,619	Series 2016-H21(e)(m)	2.10%	09/20/2066		1,323,506
	7,361,259	Series 2018-97(e)(m)	6.20% - 1M US L	07/20/2048		1,044,740
	13,407,427	Series 2019-22(e)	5.60% - 1M US L	02/20/2045		2,290,899
	6,812,999	Series 2019-92(e)(m)	6.10% - 1M US L	07/20/2049		886,817
	22,610,172	Series 2019-H10(e)(m)	1.04%	06/20/2069		1,287,197

Principal Amount/Description			Rate	Maturity		Value
$	7,016,996	Series 2019-H18(e)(m)	1.14%	11/20/2069	$	404,663
	11,976,056	Series 2020-112(e)(m)	6.25% - 1M US L	08/20/2050		2,161,424
	2,330,158	Series 2020-115	2.50%	08/20/2050		302,948
	8,368,622	Series 2020-133(e)(m)	6.25% - 30D US SOFR	09/20/2050		1,907,556
	20,158,877	Series 2020-146(e)(m)	3.75% - 1M US L	10/20/2050		2,368,489
	15,890,242	Series 2020-146(e)(m)	6.30% - 1M US L	10/20/2050		2,664,277
	15,511,518	Series 2020-167(e)(m)	3.75% - 1M US L	11/20/2050		1,559,786
	8,933,282	Series 2020-175(e)(m)	6.30% - 1M US L	11/20/2050		1,854,643
	5,745,535	Series 2020-188(e)	6.30% - 1M US L	11/20/2050		1,502,911
	13,963,249	Series 2020-47(e)	6.00% - 1M US L	05/20/2044		2,323,127
	24,180,880	Series 2020-H18(e)(m)	1.56%	09/20/2070		1,619,031
	13,122,739	Series 2021-1(e)(m)	6.30% - 1M US L	01/20/2051		2,739,243
	3,098,491	Series 2021-103(e)	3.25% - 30D US SOFR	04/20/2051		288,540
	11,329,647	Series 2021-107(e)(m)	3.75% - 1M US L	06/20/2051		1,414,058
	2,167,414	Series 2021-140	2.50%	08/20/2051		309,344
	5,404,809	Series 2021-176(e)(m)	2.70% - 30D US SOFR	09/20/2051		264,599
	29,598,740	Series 2021-59(e)(m)	2.60% - 30D US SOFR	04/20/2051		1,797,970
	15,042,574	Series 2021-77(e)	3.75% - 1M US L	05/20/2051		1,542,808
	7,394,140	Series 2021-89(e)(m)	3.75% - 1M US L	05/20/2051		911,426
	11,960,548	Series 2021-97(e)(m)	3.75% - 1M US L	06/20/2051		1,522,922
	36,709,749	Series 2021-97(e)(m)	3M US L + 2.44%	06/20/2051		1,900,882
	39,015,822	Series 2021-H06(e)	0.49%	04/20/2071		1,331,551
	15,179,569	Series 2021-H08(e)	0.41%	05/20/2071		437,915
		Homeward Opportunities Fund Trust
	995,691	Series 2020-BPL1(f)(n)	5.44%	08/25/2025		1,017,955
		Impac CMB Trust
	128,530	Series 2004-10(e)	1M US L + 0.70%	03/25/2035		117,534
		Imperial Fund Mortgage Trust
	1,000,000	Series 2021-NQM4(e)(f)	3.45%	01/25/2057		998,506
		JP Morgan Resecuritization Trust
	2,460,778	Series 2014-6(e)(f)	1M US L + 0.21%	07/27/2046		2,474,487
		Legacy Mortgage Asset Trust
	13,310,000	Series 2019-GS7(f)(n)	4.50%	11/25/2059		13,353,015
		LHOME Mortgage Trust
	4,250,000	Series 2020-RTL1(f)(n)	3.72%	10/25/2022		4,255,342
	3,750,000	Series 2020-RTL1(f)(n)	4.95%	10/25/2022		3,769,703
	1,300,000	Series 2021-RTL1(e)(f)	2.09%	09/25/2026		1,295,414
	4,400,000	Series 2021-RTL1(e)(f)	4.46%	09/25/2026		4,340,850
	1,500,000	Series 2021-RTL2(f)	4.61%	01/25/2024		1,497,493
		Morgan Stanley Mortgage Loan Trust
	3,067,178	Series 2006-1AR(e)	1M US L + 0.28%	02/25/2036		2,228,175
		Morgan Stanley Residential Mortgage Loan Trust			��
	415,280	Series 2020-RPL1(e)(f)	2.69%	10/25/2023		415,706
		NewRez Warehouse Securitization Trust
	4,550,000	Series 2021-1(e)(f)	1M US L + 5.25%	05/25/2055		4,543,207
		Residential Mortgage Loan Trust
	3,250,000	Series 2020-1(e)(f)	4.67%	01/26/2060		3,345,597
		Toorak Mortgage Corp., Ltd.
	3,500,000	Series 2019-2(n)	4.21%	09/25/2022		3,505,885
		Verus Securitization Trust
	2,300,000	Series 2019-INV3(e)(f)	3.28%	11/25/2059		2,326,136
	1,500,000	Series 2021-4(e)(f)	2.20%	07/25/2066		1,475,445
	1,400,000	Series 2021-6(e)(f)	4.05%	10/25/2066		1,402,246

Principal Amount/Description			Rate	Maturity		Value
$	2,000,000	Series 2021-7(e)(f)	4.19%	10/25/2066	$	1,944,710
TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $325,606,754)						248,512,331

Shares/Description				Value
Warrants - 0.00%(b)(j)
	219,520	Oas SA, Strike Price 1.00, Expires 05/16/2039(l)		0
TOTAL WARRANTS
(Cost $0)				0
Short-Term Investments - 10.98%
Money Market Fund - 10.98%
	227,773,836	State Street Institutional Trust (7 Day Yield 0.01%)		227,773,836
TOTAL SHORT-TERM INVESTMENTS
(Cost $227,773,836)				227,773,836
TOTAL INVESTMENTS - 99.28%
(Cost $2,157,610,629)			$	2,060,390,914
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.72%				14,985,762
NET ASSETS - 100.00%			$	2,075,376,676

Investment Abbreviations:

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

SOFR - Secured Overnight Financing Rate Data

TI - Treasury Index

Libor Rates:

1M US L - 1 Month LIBOR as of December 31, 2021 was 0.10%

3M US L - 3 Month LIBOR as of December 31, 2021 was 0.21%

6M US L - 6 Month LIBOR as of December 31, 2021 was 0.35%

1D SOFR - 1 Day SOFR as of December 31, 2021 was 0.05%

30D SOFR - 30 Day SOFR as of December 31, 2021 was 0.03%

1Y US TI - 1 Year TI as of December 31, 2021 was 0.39%

5Y US TI - 5 Year TI as of December 31, 2021 was 1.26%

10Y US TI - 10 Year TI as of December 31, 2021 was 1.52%

^(a) Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

^(b) Non-income producing security.

^(c) Affiliated company. See Note 9 to Notes to Quarterly Schedule of Investments.

^(d) 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, 2021, the aggregate fair value of those securities was $27,722,946, representing 1.34% of net assets.

^(e) Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 2021. 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) 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 $561,963,952, which represents approximately 27.08% of net assets as of December 31, 2021.

^(g) Security is currently in default.

^(h) Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.

⁽ⁱ⁾ Issued with a zero coupon.  Income is recognized through the accretion of discount.

^(j) Less than 0.005%.

^(k) 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.

^(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, 2021.

See Notes to Quarterly Schedule of Investments. 

RiverNorth/Oaktree High Income Fund

SCHEDULE OF INVESTMENTS

December 31, 2021 (Unaudited)

Shares/Description			Value
COMMON STOCKS - 0.19%
	947	DBI Investors, Inc.(a)(b)	$	512
	2,509	PHI Group, Inc.(a)(b)		65,585
	795	Phi, Inc.(a)(b)		20,781
	6	Toys R Us Propco Equity, Perpetual Maturity(b)		150
TOTAL COMMON STOCKS
(Cost $213,399)				87,028
PREFERRED STOCKS - 0.26%
	116	DBI Investors Inc., (10.000%)(a)(b)(c)(d)		28
	121	Sequa Corp., 7.000%(a)(b)(d)		121,000
TOTAL PREFERRED STOCKS
(Cost $132,040)				121,028

Principal Amount/Description			Rate	Maturity	Value
BANK LOANS - 34.93%(e)
France - 0.41%
$	191,000	Numericable U.S. LLC, First Lien  - USD TLB-11 Term Loan	3M US L + 2.75%	07/31/2025	187,797
Germany - 0.83%
	157,130	CTC AcquiCo GmbH, First Lien  - Facility B2 Term Loan	3M US L + 2.75%	03/07/2025	155,755
	228,834	Springer Nature Deutschland GmbH, First Lien  - Initial B18 Term Loan	1M US L + 3.00%, 0.75% Floor	08/14/2026	229,298
					385,053
Great Britain - 2.67%
	250,000	City Football Group Limited, TL	3M US L + 3.50%	07/09/2028	249,063
	144,753	EG Group, Ltd., First Lien  - Additional Facility Term Loan	3M US L + 4.00%	02/07/2025	144,401
	29,925	Entain Holdings (Gibraltar) Limited, TLB	3M US L + 2.50%	03/29/2027	29,895
	246,875	Froneri International, Ltd., First Lien  - Facility B2 Term Loan	1M US L + 2.25%	01/29/2027	244,126
	300,000	Genesis Care Finance Pty, Ltd., First Lien  - Facility B2 Term Loan	3M EUR L + 3.50%	10/30/2025	320,416
	181,182	Lernen Bidco, Ltd., First Lien  - Facility B1 (EUR) Term Loan	6M EUR L + 4.25%	10/24/2025	205,730
	33,000	Osmosis Buyer, Ltd., First Lien  - Initial B Term Loan	3M US L + 2.75%, 0.50% Floor	06/17/2028	33,133
	6,467	Paysafe Group Holdings II, Ltd., First Lien  - Facility B1 Term Loan	3M US L + 3.25%, 0.50% Floor	06/10/2028	6,303
					1,233,067
Luxembourg - 1.47%
	144,000	Altice Financing S.A., First Lien  - October 2017 USD Term Loan	3M US L + 2.75%	01/31/2026	142,655
	87,840	Icon Public, Ltd. Company, First Lien  - Lux Term Loan	L + 2.50%, 0.50% Floor	07/01/2028	87,980
	180,676	Intelsat Jackson Holdings SA, First Lien	3M US L + 4.75%, 1.00% Floor	07/13/2022	180,959
	21,885	PRA Health Sciences, Inc., First Lien  - U.S. Term Loan	L + 2.50%, 0.50% Floor	07/03/2028	21,920

Principal Amount/Description			Rate	Maturity		Value
$	248,117	Surf Holdings S.a r.l., First Lien  - Dollar Tranche Term Loan	3M US L + 3.50%	03/05/2027	$	246,566
						680,080
Netherlands - 1.61%
	96,000	Flutter Entertainment plc, First Lien  - USD Term Loan	3M US L + 2.25%	07/21/2026		95,779
	283,418	Peer Holding III B.V., First Lien  - Facility B Term Loan	3M EUR L + 3.00%	03/07/2025		320,402
	250,000	Sigma Holdco B.V., First Lien  - Facility B4 (GBP) Term Loan	6M US L + 4.00%	07/02/2025		325,751
						741,932
United States - 27.94%
	234,475	Access CIG LLC, First Lien  - B Term Loan	3M US L + 3.75%	02/27/2025		233,324
	50,000	Adavantage Sales & Marketing Inc., First Lien	3M US L + 5.25%	10/28/2027		50,119
	125,000	Adtalem Global Education, Inc., First Lien  - B Term Loan	3M US L + 3.00%, 0.75% Floor	08/12/2028		125,482
	125,000	Allied Universal Holdco LLC, First Lien  - Initial U.S. Dollar Term Loan	1M US L + 3.75%, 0.50% Floor	05/12/2028		124,751
	52,868	American Rock Salt Company LLC, First Lien  - Initial Term Loan	3M US L + 3.25%, 0.75% Floor	06/09/2028		52,801
	43,890	Ankura Consulting Group LLC, First Lien  - Closing Date Term Loan	3M US L + 4.00%, 0.75% Floor	03/17/2028		44,055
	54,863	Artera Services, LLC, TL	L + 3.50%, 1.00% Floor	03/06/2025		53,268
	28,000	ASP Blade Holdings, Inc. TLB 1L	1M US L + 4.00%	10/07/2028		28,035
	50,000	ASP LS Acquisition Corp., First Lien	3M US L + 4.50%, 0.75% Floor	05/07/2028		50,117
	246,258	AssuredPartners, Inc., First Lien	1M US L + 3.50%, 0.50% Floor	02/13/2027		246,220
	246,426	Astoria Energy LLC, First Lien  - B Advance (2020) Term Loan	3M US L + 4.25%, 1.00% Floor	12/10/2027		246,181
	100,000	Astra Acquisition Corp., First Lien  - Initial Term Loan	1M US L + 5.25%	10/22/2028		98,417
	141,349	Asurion LLC, First Lien  - New B-8 Term Loan	1M US L + 3.25%	12/23/2026		140,584
	99,750	Azalea TopCo, Inc., First Lien	3M US L + 4.00%, 0.75% Floor	07/24/2026		99,952
	75,000	Baldwin Risk Partners LLC, First Lien	1M US L + 3.50%, 0.50% Floor	10/14/2027		74,719
	160,081	BCP Renaissance Parent LLC, First Lien  - Initial Term Loan	3M US L + 3.50%, 1.00% Floor	10/31/2024		159,956
	7,105	BCPE North Star US Holdco 2, Inc., First Lien	3M US L + 3.75%, 0.75% Floor	06/10/2028		7,100
	37,895	BCPE North Star US Holdco 2, Inc., First Lien  - Initial Term Loan	3M US L + 3.75%, 0.75% Floor	06/09/2028		37,863
	242,500	Bracket Intermediate Holding Corp., First Lien  - Initial Term Loan	3M US L + 4.25%	09/05/2025		242,258
	243,163	Brookfield WEC Holdings, Inc., First Lien  - Initial (2021) Term Loan	3M US L + 2.75%, 0.50% Floor	08/01/2025		241,693
	7,322	BW Holding, Inc., First Lien	1M US L + 4.00%	12/14/2028		7,297
	248,125	Calpine Corp., First Lien  - 2020 Term Loan	1M US L + 2.50%	12/16/2027		246,832
	233,655	Camelot U.S. Acquisition 1 Co., First Lien  - Initial Term Loan	1M US L + 3.00%	10/30/2026		232,341
	24,875	Carnival Corp., First Lien  - Initial Advance Term Loan	3M US L + 7.50%, 0.75% Floor	06/30/2025		24,719
	26,000	Carnival Corporation TLB 1L	6M US L + 3.25%	10/06/2028		25,827
	177,018	Charter Next Generation, Inc., First Lien  - Initial (2021) Term Loan	1M US L + 3.75%, 0.75% Floor	12/01/2027		177,613

Principal Amount/Description			Rate	Maturity		Value
$	246,835	CITGO Petroleum Corp., First Lien  - 2019 Incremental B Term Loan	3M US L + 6.25%, 1.00% Floor	03/28/2024	$	247,144
	125,000	Consilio/Skopima 5/21 Cov-Lite TLB	1M US L + 4.00%	05/12/2028		124,388
	15,833	CP Iris Holdco I, Inc., First Lien	L + 3.75%, 0.50% Floor	09/21/2028		15,833
	3,167	CP Iris Holdco I, Inc., First Lien	1M US L + 3.75%, 0.50% Floor	10/05/2028		3,167
	27,686	CPV Maryland LLC, First Lien  - B Advance Term Loan	3M US L + 5.25%, 1.00% Floor	05/11/2028		27,547
	149,625	CQP Holdco LP TLB	3M US L + 4.00%	06/05/2028		149,469
	77,000	DIRECTV Financing LLC, First Lien  - Closing Date Term Loan	3M US L + 5.00%, 0.75% Floor	08/02/2027		77,170
	26,000	Diversitech Holdings, Inc.	6M US L + 3.75%	12/15/2028		26,008
	250,000	DRW Holdings LLC, First Lien  - Initial Term Loan	1M US L + 3.75%	03/01/2028		249,610
	34,000	Echo Global Logistics, Inc. TL 1L	1M US L + 3.75%	11/03/2028		33,919
	78,000	Electron BidCo, Inc. TL 1L	3M US L + 3.25%	10/07/2028		77,910
	50,000	Employbridge Holding Company, TLB	3M US L + 4.75%	07/14/2028		49,650
	241,875	Flynn Restaurant Group LP, First Lien  - Initial Term Loan	1M US L + 3.50%	06/27/2025		240,061
	16,000	Freeport LNG 11/21TLB	6M US L + 3.50%	11/17/2028		15,868
	54,000	Gray Television, Inc. TLD	6M US L + 4.00%	10/27/2028		53,804
	248,125	Great Outdoors Group LLC, First Lien	1M US L + 4.25%, 0.75% Floor	03/05/2028		248,719
	248,125	Greeneden U.S. Holdings I LLC, First Lien  - Initial Dollar (2020) Term Loan	1M US L + 4.00%, 0.75% Floor	12/01/2027		249,289
	245,787	Harbor Freight Tools USA, Inc., First Lien  - Initial (2021) Term Loan	L + 2.75%, 0.50% Floor	10/19/2027		245,587
	62,685	Hudson River Trading LLC, First Lien	1M US L + 3.00%	03/20/2028		62,305
	248,125	IRB Holding Corp., First Lien  - Fourth Amendment Incremental Term Loan	3M US L + 3.25%, 1.00% Floor	12/15/2027		248,474
	248,750	Ivanti Software, Inc., First Lien	1M US L+ 4.75%, 0.75% Floor	12/01/2027		249,449
	110,075	KUEHG Corp, First Lien  - B-3 Term Loan	3M US L + 3.75%, 1.00% Floor	02/21/2025		108,080
	42,247	Life Time, Inc., First Lien  - 2021 Refinancing Term Loan	3M US L + 4.75%, 1.00% Floor	12/16/2024		42,581
	226,427	LMBE-MC Holdco II LLC, First Lien	3M US L + 4.00%, 1.00% Floor	12/03/2025		204,350
	248,125	LogMeIn, Inc., First Lien  - Initial Term Loan	1M US L + 4.75%	08/31/2027		247,090
	37,500	LTI Holdings, Inc., First Lien	L + 4.75%	07/24/2026		37,623
	62,344	LTI Holdings, Inc., First Lien  - Second Amendment Additional Term Loan	3M US L + 4.00%	07/24/2026		62,548
	245,009	Lumen Technologies, Inc., First Lien  - B Term Loan	1M US L + 2.25%	03/15/2027		242,542
	45,885	Majordrive Holdings IV LLC, First Lien  - Initial Term Loan	3M US L + 3.75%, 0.50% Floor	06/01/2028		45,961
	55,827	Marcel LUX IV S.a.r.l., First Lien  - Original Facility Term Loan	1M US L + 4.00%, 0.75% Floor	12/31/2027		55,896
	27,678	Merion Rose Merger Sub, Inc. TL 1L	6M US L + 4.00%	12/08/2028		27,583
	250,000	Mileage Plus Holdings LLC, First Lien  - Initial Term Loan	3M US L + 5.25%, 1.00% Floor	06/21/2027		264,314
	71,000	Mitchell International, Inc. TLB	1M US L + 3.75%	10/01/2028		70,689
	135,000	MKS Instruments, Inc. TLB 1L	1M US L + 2.25%	10/20/2028		134,882
	240,047	Natgasoline LLC, First Lien  - Initial Term Loan	3M US L + 3.50%	11/14/2025		238,547
	243,670	Olaplex, Inc., First Lien  - Initial Term Loan	3M US L + 6.50%, 1.00% Floor	01/08/2026		244,280

Principal Amount/Description			Rate	Maturity		Value
$	50,000	Oryx Midstream Services Permian Basin LLC, TLB, First Lien	L + 3.25%, 0.50% Floor	09/30/2028	$	49,746
	248,125	Pactiv Evergreen, Inc., First Lien  - Tranche B-2 U.S. Term Loan	1M US L + 3.25%	02/05/2026		247,098
	69,000	Parexel International Corp., First Lien	1M US L + 3.50%, 0.50% Floor	08/11/2028		69,095
	59,000	Parkway Generation, LLC TLB 1L	1M US L + 4.75%	11/05/2028		58,723
	99,241	PetVet Care Centers LLC, First Lien  - 2021 Replacement Term Loan	3M US L + 3.50%, 0.75% Floor	02/14/2025		99,352
	33,000	Polaris Newco LLC, First Lien  - Dollar Term Loan	L + 4.00%, 0.50% Floor	06/04/2028		33,039
	37,000	Pre Paid Legal Services, Inc. TL	3M US L + 3.75%	12/07/2028		36,830
	248,106	ProAmpac PG Borrower LLC, First Lien  - 2020-1 Term Loan	3M US L + 3.75%, 0.75% Floor	11/03/2025		248,687
	55,000	Proofpoint, Inc., First Lien  - Initial Term Loan	L + 3.25%, 0.50% Floor	06/10/2028		54,858
	245,625	Pug LLC, First Lien  - USD B Term Loan	1M US L + 3.50%	02/12/2027		241,020
	100,000	QUIKRETE Holdings, Inc., First Lien  - B-1 Fourth Amendment Term Loan	1M US L + 3.00%	02/21/2028		99,924
	235,231	Recorded Books, Inc., First Lien  - 2021 Replacement Term Loan	3M US L + 2.75%	08/29/2025		235,357
	41,095	SCIH Salt Holdings, Inc., First Lien  - Incremental B-1 Term Loan	3M US L + 3.50%, 0.75% Floor	03/16/2027		40,761
	150,000	SeaWorld Parks & Entertainment, Inc., First Lien  - B Term Loan	L + 3.00%, 0.50% Floor	08/25/2028		149,641
	40,052	Secure Acquisition, Inc.	6M US L + 5.00%	12/15/2028		39,952
	5,948	Secure Acquisition, Inc., First Lien	1M US L + 4.25%	12/16/2028		5,933
	219,784	Shearer's Foods LLC, First Lien	3M US L + 3.50%, 0.75% Floor	09/23/2027		219,417
	3,385	SM Wellness Holdings, Inc., First Lien	3M US L + 4.75%, 1.00% Floor	04/15/2028		3,379
	40,615	SM Wellness Holdings, Inc., First Lien  - Initial Term Loan	3M US L + 3.75%, 0.75% Floor	04/17/2028		40,539
	250,000	Sotera Health Holdings LLC, First Lien  - Refinancing Term Loan	3M US L + 3.25%, 0.50% Floor	12/11/2026		249,414
	149,250	Spin Holdco, Inc., First Lien  - Initial Term Loan	1M US L + 3.50%, 0.75% Floor	03/04/2028		149,913
	211,539	St. George's University Scholastic Services LLC, First Lien	3M US L + 3.25%	07/17/2025		210,944
	48,019	Standard Industries, Inc., First Lien  - Initial Term Loan	3M US L + 2.50%, 0.50% Floor	09/22/2028		48,119
	33,444	Sylvamo Corporation, TLB	1M US L+ 4.50%	08/18/2028		33,674
	100,000	Tiger Acquisition LLC, First Lien  - Initial Term Loan	L + 3.25%, 0.50% Floor	06/01/2028		99,518
	28,565	Tivity Health, Inc., TLB	L + 4.25%	06/24/2028		28,594
	72,893	Triton Water Holdings, Inc., First Lien  - Initial Term Loan	3M US L + 3.50%, 0.50% Floor	03/31/2028		72,209
	272,885	Uber Technologies, Inc., First Lien  - 2021 Incremental Term Loan	1M US L + 3.50%	04/04/2025		273,377
	102,931	UFC Holdings LLC, First Lien	3M US L + 2.75%, 0.75% Floor	04/29/2026		102,655
	247,505	UKG, Inc., First Lien	1M US L + 5.25%, 0.50% Floor	05/03/2026		246,627
	49,750	United AirLines, Inc., First Lien  - Class B Term Loan	3M US L + 3.75%, 0.75% Floor	04/21/2028		50,041
	27,000	United Site 11/21 Cov-Lite	1M US L + 4.25%	11/04/2028		27,063
	45,000	Univision Communications, Inc., First Lien  - B Term Loan	3M US L + 4.00%, 0.75% Floor	05/05/2028		44,992
	249,375	Verscend Holding Corp., First Lien  - B-1 Term Loan	1M US L + 4.00%	08/27/2025		249,624
	45,000	Vertex Aerospace Services Corp TL	3M US L + 4.00%	11/10/2028		44,989

Principal Amount/Description			Rate	Maturity		Value
$	300,000	Virgin Media Bristol LLC, First Lien  - Facility Q Term Loan	3M US L + 3.50%	01/31/2029	$	300,306
	65,000	W. R. Grace Holdings LLC, First Lien  - Initial Term Loan	L + 3.75%, 0.50% Floor	09/22/2028		65,195
	83,000	Whatabrands LLC, First Lien  - Initial B Term Loan	1M US L + 3.25%, 0.50% Floor	08/03/2028		82,825
	247,332	William Morris Endeavor Entertainment LLC, First Lien  - B-1 Term Loan	1M US L + 2.75%	05/18/2025		242,602
	370,289	Windstream Services II LLC, First Lien  - Initial Term Loan	1M US L + 6.25%, 1.00% Floor	09/21/2027		372,024
	129,970	YI LLC, First Lien  - Initial Term Loan	1M US L + 4.00%, 1.00% Floor	11/07/2024		129,320
						12,891,237
TOTAL BANK LOANS
(Cost $16,124,038)						16,119,166
HIGH YIELD DEBT- 61.00%
Australia - 0.36%
	40,000	Mineral Resources, Ltd.(f)	8.13%	05/01/2027		43,200
	120,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.(f)	5.75%	04/30/2026		122,848
						166,048
Canada - 2.62%
	80,000	Bombardier, Inc.(f)	7.50%	03/15/2025		81,599
	80,000	Bombardier, Inc.(f)	7.13%	06/15/2026		83,096
	45,000	Bombardier, Inc.(f)	6.00%	02/15/2028		45,200
	110,000	Cascades, Inc./Cascades USA, Inc.(f)	5.38%	01/15/2028		113,038
	75,000	Eldorado Gold Corp.(f)	6.25%	09/01/2029		76,372
	20,000	Empire Communities Corp.(f)	7.00%	12/15/2025		20,723
	20,000	First Quantum Minerals, Ltd.(f)	7.25%	04/01/2023		20,256
	25,000	First Quantum Minerals, Ltd.(f)	6.50%	03/01/2024		25,340
	85,000	GFL Environmental, Inc.(f)	5.13%	12/15/2026		88,504
	35,000	GFL Environmental, Inc.(f)	4.75%	06/15/2029		35,360
	70,000	GFL Environmental, Inc.(f)	4.38%	08/15/2029		69,450
	150,000	goeasy, Ltd.(f)	4.38%	05/01/2026		152,783
	105,000	Intelligent Packaging, Ltd. Finco, Inc. / Intelligent Packaging Ltd Co.-Issuer LLC(f)	6.00%	09/15/2028		108,150
	10,000	Intertape Polymer Group, Inc.(f)	4.38%	06/15/2029		10,015
	110,000	Mercer International, Inc.	5.13%	02/01/2029		112,537
	60,000	Precision Drilling Corp.(f)	7.13%	01/15/2026		61,199
	25,000	Precision Drilling Corp.(f)	6.88%	01/15/2029		25,516
	80,000	Strathcona Resources, Ltd.(f)	6.88%	08/01/2026		78,717
						1,207,855
France - 2.60%
	100,000	Afflelou SAS(g)	4.25%	05/19/2026		116,081
	120,000	Altice France SA(f)	5.50%	01/15/2028		119,271
	55,000	Altice France SA(f)	5.13%	07/15/2029		53,746
	100,000	Altice France SA(f)	4.25%	10/15/2029		113,426
	100,000	Banijay Entertainment SASU(f)	3.50%	03/01/2025		114,700
	100,000	Cab Selas(g)	3.38%	02/01/2028		114,110
	100,000	Chrome Bidco SASU(f)	3.50%	05/31/2028		115,062
	35,000	Iliad Holding SASU(f)	6.50%	10/15/2026		36,823
	155,000	Iliad Holding SASU(f)	5.63%	10/15/2028		186,292
	100,000	Kapla Holding Sas(g)	3.38%	12/15/2026		113,961
	100,000	Paprec Holding SA(g)	3.50%	07/01/2028		115,683
						1,199,155

Principal Amount/Description			Rate	Maturity		Value
Germany - 1.80%
$	100,000	Cheplapharm Arzneimittel GmbH(g)	4.38%	01/15/2028	$	119,035
	100,000	Gruenenthal GmbH(f)	4.13%	05/15/2028		117,694
	100,000	IHO Verwaltungs GmbH(c)(g)	3.75%    (4.50%)	09/15/2026		115,807
	120,000	Nidda Healthcare Holding GmbH(g)	3.50%	09/30/2024		136,714
	100,000	Renk AG/Frankfurt am Main(g)	5.75%	07/15/2025		118,432
	100,000	TUI Cruises GmbH(g)	6.50%	05/15/2026		113,636
	100,000	WEPA Hygieneprodukte GmbH(g)	2.88%	12/15/2027		108,442
						829,760
Great Britain - 2.62%
	100,000	Arqiva Broadcast Finance PLC	6.75%	09/30/2023		137,594
	100,000	Bellis Acquisition Co. PLC(f)	3.25%	02/16/2026		130,635
	55,000	Connect Finco SARL / Connect US Finco LLC(f)	6.75%	10/01/2026		57,893
	100,000	eG Global Finance PLC(g)	6.25%	10/30/2025		117,265
	100,000	Pinnacle Bidco PLC	5.50%	02/15/2025		116,619
	60,000	Rolls-Royce PLC(f)	5.75%	10/15/2027		66,414
	100,000	Thames Water Kemble Finance PLC(g)	4.63%	05/19/2026		138,347
	100,000	Victoria PLC	3.63%	08/24/2026		115,811
	60,000	Virgin Media Finance PLC(f)	5.00%	07/15/2030		59,794
	150,000	Vmed O2 UK Financing I PLC(f)	4.75%	07/15/2031		152,146
	100,000	Vodafone Group PLC(e)	3.00% - 5Y EUR SWAP	08/27/2080		115,059
						1,207,577
Hong Kong - 0.19%
	85,000	Seaspan Corp.(f)	5.50%	08/01/2029		85,969
Ireland - 0.55%
	100,000	eircom Finance DAC	3.50%	05/15/2026		116,050
	100,000	Virgin Media Vendor Financing Notes III DAC(f)	4.88%	07/15/2028		135,847
						251,897
Italy - 1.73%
	100,000	Bormioli Pharma SpA(e)(g)	3M EUR L + 3.50%	11/15/2024		111,136
	100,000	Brunello Bidco SpA(f)	3.50%	02/15/2028		113,029
	100,000	Cedacri Mergeco SPA(e)(f)	3M EUR L + 4.625%	05/15/2028		114,358
	100,000	Centurion Bidco SpA(g)	5.88%	09/30/2026		117,550
	100,000	Gamma Bidco SpA(e)(g)	3M EUR L + 6.00%	07/15/2025		115,279
	100,000	Guala Closures SpA(g)	3.25%	06/15/2028		112,143
	100,000	Sofima Holding SpA(g)	3.75%	01/15/2028		113,360
						796,855
Jersey - 0.30%
	100,000	AA Bond Co., Ltd.(g)	6.50%	01/31/2026		137,946
Luxembourg - 2.92%
	100,000	Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(f)	4.63%	06/01/2028		100,113
	55,000	Altice Financing SA(f)	5.75%	08/15/2029		54,533
	100,000	Altice Financing SA(f)	4.25%	08/15/2029		111,659
	100,000	Altice France Holding SA(f)	4.00%	02/15/2028		108,869
	100,000	ARD Finance SA(c)(f)	5.00%    (5.75%)	06/30/2027		117,166
	100,000	Cirsa Finance International Sarl(f)	4.50%	03/15/2027		111,786
	100,000	Dana Financing Luxembourg Sarl(f)	3.00%	07/15/2029		115,378
	70,000	EverArc Escrow Sarl(f)	5.00%	10/30/2029		70,157
	100,000	Lincoln Financing SARL(g)	3.63%	04/01/2024		114,963
	100,000	Matterhorn Telecom SA(g)	4.00%	11/15/2027		116,580
	100,000	Summer BC Holdco B SARL(g)	5.75%	10/31/2026		118,894
	85,000	Telecom Italia Capital SA	6.38%	11/15/2033		91,657

Principal Amount/Description			Rate	Maturity		Value
$	100,000	Telenet Finance Luxembourg Notes SARL(g)	3.50%	03/01/2028	$	116,915
						1,348,670
Netherlands - 3.51%
	185,000	Diamond BC BV(f)	4.63%	10/01/2029		183,795
	115,000	Energizer Gamma Acquisition BV(f)	3.50%	06/30/2029		127,051
	100,000	OCI NV(f)	4.63%	10/15/2025		103,855
	200,000	OI European Group BV(f)	4.75%	02/15/2030		203,002
	100,000	Sigma Holdco BV(g)	5.75%	05/15/2026		105,445
	100,000	Titan Holdings II BV(g)	5.13%	07/15/2029		113,511
	100,000	Trivium Packaging Finance BV(f)	3.75%	08/15/2026		115,660
	200,000	UPC Holding BV(f)	5.50%	01/15/2028		207,778
	125,000	WP/AP Telecom Holdings IV BV(f)	3.75%	01/15/2029		144,108
	45,000	Ziggo Bond Co. BV(f)	5.13%	02/28/2030		45,292
	100,000	Ziggo Bond Co. BV(g)	3.38%	02/28/2030		111,299
	145,000	Ziggo Bond Co. BV(f)	3.38%	02/28/2030		161,384
						1,622,180
Spain - 1.00%
	100,000	Grifols Escrow Issuer SA(f)	3.88%	10/15/2028		114,553
	100,000	Grupo Antolin-Irausa SA(g)	3.38%	04/30/2026		110,982
	100,000	Kaixo Bondco Telecom SA(f)	5.13%	09/30/2029		115,009
	105,000	Lorca Telecom Bondco SA(f)	4.00%	09/18/2027		121,789
						462,333
Sweden - 0.49%
	100,000	Intrum AB(g)	3.00%	09/15/2027		112,360
	100,000	Verisure Midholding AB(g)	5.25%	02/15/2029		115,802
						228,162
United States - 40.31%
	40,000	Academy, Ltd.(f)	6.00%	11/15/2027		42,728
	135,000	Acadia Healthcare Co., Inc.(f)	5.50%	07/01/2028		142,093
	10,000	Acadia Healthcare Co., Inc.(f)	5.00%	04/15/2029		10,290
	70,000	Acuris Finance US, Inc. / Acuris Finance SARL(f)	5.00%	05/01/2028		69,756
	70,000	Ahead DB Holdings LLC(f)	6.63%	05/01/2028		69,573
	45,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(f)	5.88%	02/15/2028		47,762
	80,000	Alliant Holdings Intermediate LLC(f)	5.88%	11/01/2029		81,506
	105,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(f)	6.63%	07/15/2026		110,300
	60,000	American Airlines, Inc.(f)	11.75%	07/15/2025		74,106
	95,000	American Axle & Manufacturing, Inc.	5.00%	10/01/2029		93,340
	80,000	American Finance Trust, Inc. / American Finance Operating Partner LP(f)	4.50%	09/30/2028		80,710
	175,000	APX Group, Inc.(f)	6.75%	02/15/2027		183,941
	70,000	APX Group, Inc.(f)	5.75%	07/15/2029		69,049
	10,000	Aramark Services, Inc.(f)	6.38%	05/01/2025		10,463
	115,000	Aramark Services, Inc.(f)	5.00%	02/01/2028		119,083
	45,000	Archrock Partners LP / Archrock Partners Finance Corp.(f)	6.88%	04/01/2027		47,295
	105,000	Archrock Partners LP / Archrock Partners Finance Corp.(f)	6.25%	04/01/2028		109,635
	105,000	Arconic Corp.(f)	6.13%	02/15/2028		111,917
	85,000	Artera Services LLC(f)	9.03%	12/04/2025		90,019
	75,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.(f)	7.00%	11/01/2026		76,122
	80,000	Ashland LLC(f)	3.38%	09/01/2031		79,515
	55,000	Ashton Woods USA LLC / Ashton Woods Finance Co.(f)	4.63%	08/01/2029		54,396
	150,000	AssuredPartners, Inc.(f)	5.63%	01/15/2029		146,126
	65,000	At Home Group, Inc.(f)	4.88%	07/15/2028		64,131

Principal Amount/Description			Rate	Maturity		Value
$	55,000	At Home Group, Inc.(f)	7.13%	07/15/2029	$	54,115
	71,000	Bausch Health Cos., Inc.(f)	6.13%	04/15/2025		72,408
	65,000	Bausch Health Cos., Inc.(f)	4.88%	06/01/2028		66,418
	60,000	Big River Steel LLC / BRS Finance Corp.(f)	6.63%	01/31/2029		64,958
	35,000	Block Communications, Inc.(f)	4.88%	03/01/2028		35,053
	55,000	BlueLinx Holdings, Inc.(f)	6.00%	11/15/2029		54,802
	65,000	Brink's Co.(f)	5.50%	07/15/2025		67,665
	45,000	Buckeye Partners LP(f)	4.50%	03/01/2028		45,406
	85,000	Cablevision Lightpath LLC(f)	5.63%	09/15/2028		83,913
	125,000	Caesars Entertainment, Inc.(f)	6.25%	07/01/2025		131,362
	160,000	Calpine Corp.(f)	5.13%	03/15/2028		162,685
	175,000	Carnival Corp.(f)	6.00%	05/01/2029		174,471
	50,000	CCO Holdings LLC / CCO Holdings Capital Corp.(f)	5.50%	05/01/2026		51,570
	25,000	CCO Holdings LLC / CCO Holdings Capital Corp.(f)	5.00%	02/01/2028		26,050
	15,000	CCO Holdings LLC / CCO Holdings Capital Corp.(f)	5.38%	06/01/2029		16,213
	120,000	CCO Holdings LLC / CCO Holdings Capital Corp.(f)	4.75%	03/01/2030		125,013
	130,000	Cedar Fair LP	5.25%	07/15/2029		133,446
	65,000	Central Garden & Pet Co.	5.13%	02/01/2028		68,106
	3,000	ChampionX Corp.	6.38%	05/01/2026		3,131
	80,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.(f)	5.75%	03/01/2025		80,783
	5,000	Cheniere Energy Partners LP(f)	3.25%	01/31/2032		5,060
	90,000	Cheniere Energy, Inc.	4.63%	10/15/2028		95,881
	25,000	Chesapeake Energy Corp.(f)	5.50%	02/01/2026		26,342
	40,000	Chesapeake Energy Corp.(f)	5.88%	02/01/2029		42,845
	30,000	Chobani LLC / Chobani Finance Corp., Inc.(f)	7.50%	04/15/2025		30,916
	30,000	CHS/Community Health Systems, Inc.(f)	8.00%	03/15/2026		31,570
	60,000	CHS/Community Health Systems, Inc.(f)	5.63%	03/15/2027		63,573
	160,000	CHS/Community Health Systems, Inc.(f)	6.00%	01/15/2029		170,853
	15,000	CHS/Community Health Systems, Inc.(f)	4.75%	02/15/2031		15,156
	65,000	Churchill Downs, Inc.(f)	5.50%	04/01/2027		67,015
	10,000	Churchill Downs, Inc.(f)	4.75%	01/15/2028		10,367
	145,000	CITGO Petroleum Corp.(f)	7.00%	06/15/2025		149,378
	35,000	CITGO Petroleum Corp.(f)	6.38%	06/15/2026		35,561
	30,000	Clean Harbors, Inc.(f)	5.13%	07/15/2029		31,876
	65,000	Cleveland-Cliffs, Inc.(f)	6.75%	03/15/2026		68,895
	70,000	Cleveland-Cliffs, Inc.(f)	4.63%	03/01/2029		71,504
	30,000	Cleveland-Cliffs, Inc.(f)	4.88%	03/01/2031		31,211
	75,000	Colgate Energy Partners III LLC(f)	7.75%	02/15/2026		81,250
	35,000	Colgate Energy Partners III LLC(f)	5.88%	07/01/2029		36,099
	34,000	CommScope Technologies LLC(f)	6.00%	06/15/2025		34,038
	155,000	CommScope Technologies LLC(f)	5.00%	03/15/2027		145,080
	30,000	CommScope, Inc.(f)	6.00%	03/01/2026		30,940
	25,000	CommScope, Inc.(f)	7.13%	07/01/2028		24,598
	30,000	CommScope, Inc.(f)	4.75%	09/01/2029		29,867
	100,000	Compass Group Diversified Holdings LLC(f)	5.25%	04/16/2029		104,931
	45,000	Compass Group Diversified Holdings LLC(f)	5.00%	01/15/2032		46,193
	85,000	Comstock Resources, Inc.(f)	6.75%	03/01/2029		92,336
	25,000	Comstock Resources, Inc.(f)	5.88%	01/15/2030		25,667
	55,000	Consensus Cloud Solutions, Inc.(f)	6.50%	10/15/2028		57,553
	70,000	Consolidated Communications, Inc.(f)	5.00%	10/01/2028		70,806
	130,000	Coty, Inc.(f)	5.00%	04/15/2026		134,086
	62,000	CrownRock LP / CrownRock Finance, Inc.(f)	5.63%	10/15/2025		63,467

Principal Amount/Description			Rate	Maturity		Value
$	35,000	CrownRock LP / CrownRock Finance, Inc.(f)	5.00%	05/01/2029	$	36,366
	115,000	CSC Holdings LLC(f)	5.75%	01/15/2030		114,795
	25,000	CSC Holdings LLC(f)	5.00%	11/15/2031		24,130
	20,000	Cushman & Wakefield US Borrower LLC(f)	6.75%	05/15/2028		21,428
	20,000	Dana, Inc.	5.38%	11/15/2027		21,006
	30,000	Dana, Inc.	5.63%	06/15/2028		31,916
	140,000	DaVita, Inc.(f)	4.63%	06/01/2030		143,578
	30,000	DCP Midstream Operating LP(f)	6.45%	11/03/2036		39,302
	20,000	DCP Midstream Operating LP	5.60%	04/01/2044		24,908
	145,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.(f)	5.88%	08/15/2027		148,654
	35,000	DISH DBS Corp.	7.75%	07/01/2026		36,971
	85,000	DISH DBS Corp.(f)	5.25%	12/01/2026		86,501
	30,000	DISH DBS Corp.(f)	5.75%	12/01/2028		30,356
	55,000	DISH DBS Corp.	5.13%	06/01/2029		50,139
	35,000	Domtar Corp.(f)	6.75%	10/01/2028		35,983
	55,000	DT Midstream, Inc.(f)	4.38%	06/15/2031		57,285
	45,000	Edgewell Personal Care Co.(f)	5.50%	06/01/2028		47,827
	65,000	Elastic NV(f)	4.13%	07/15/2029		64,416
	80,000	Encompass Health Corp.	4.50%	02/01/2028		82,416
	50,000	EnLink Midstream LLC(f)	5.63%	01/15/2028		52,073
	60,000	EnLink Midstream Partners LP	5.05%	04/01/2045		57,987
	15,000	EQM Midstream Partners LP(f)	4.50%	01/15/2029		15,622
	70,000	EQM Midstream Partners LP(f)	4.75%	01/15/2031		74,136
	50,000	Everi Holdings, Inc.(f)	5.00%	07/15/2029		50,582
	10,000	FirstCash, Inc.(f)	4.63%	09/01/2028		10,009
	100,000	FirstCash, Inc.(f)	5.63%	01/01/2030		102,079
	35,000	FirstEnergy Corp.	5.35%	07/15/2047		41,706
	30,000	Frontier Communications Holdings LLC(f)	5.88%	10/15/2027		31,771
	195,000	Frontier Communications Holdings LLC(f)	5.00%	05/01/2028		201,203
	35,000	Frontier Communications Holdings LLC(f)	6.75%	05/01/2029		36,454
	35,000	Go Daddy Operating Co. LLC / GD Finance Co, Inc.(f)	5.25%	12/01/2027		36,231
	55,000	Goodyear Tire & Rubber Co.	9.50%	05/31/2025		59,520
	35,000	Goodyear Tire & Rubber Co.	5.25%	04/30/2031		38,098
	65,000	Gray Escrow II, Inc.(f)	5.38%	11/15/2031		66,985
	80,000	Great Lakes Dredge & Dock Corp.(f)	5.25%	06/01/2029		82,520
	75,000	Greystar Real Estate Partners LLC(f)	5.75%	12/01/2025		76,411
	60,000	Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.(f)	5.75%	01/20/2026		62,856
	45,000	Helios Software Holdings, Inc. / ION Corporate Solutions Finance Sarl(f)	4.63%	05/01/2028		44,295
	100,000	Herc Holdings, Inc.(f)	5.50%	07/15/2027		104,121
	105,000	Hertz Corp.(f)	4.63%	12/01/2026		105,796
	75,000	Hess Midstream Operations LP(f)	5.63%	02/15/2026		77,334
	5,000	Hess Midstream Operations LP(f)	5.13%	06/15/2028		5,214
	50,000	Hess Midstream Operations LP(f)	4.25%	02/15/2030		49,710
	135,000	Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc(f)	5.00%	06/01/2029		138,585
	95,000	HLF Financing Sarl LLC / Herbalife International, Inc.(f)	4.88%	06/01/2029		93,352
	45,000	HUB International, Ltd.(f)	7.00%	05/01/2026		46,295
	55,000	HUB International, Ltd.(f)	5.63%	12/01/2029		56,746
	100,000	Hunt Companies, Inc.(f)	5.25%	04/15/2029		98,644
	40,000	IAA, Inc.(f)	5.50%	06/15/2027		41,490

Principal Amount/Description			Rate	Maturity		Value
$	10,000	iHeartCommunications, Inc.	8.38%	05/01/2027	$	10,556
	110,000	iHeartCommunications, Inc.(f)	5.25%	08/15/2027		114,521
	170,000	II-VI, Inc.(f)	5.00%	12/15/2029		173,961
	135,000	Imola Merger Corp.(f)	4.75%	05/15/2029		138,762
	105,000	Intelsat Jackson Holdings SA(f)(h)	8.00%	02/15/2024		106,772
	100,000	International Game Technology PLC	3.50%	06/15/2026		116,423
	145,000	Iron Mountain, Inc.(f)	5.25%	03/15/2028		151,049
	15,000	Iron Mountain, Inc.(f)	5.00%	07/15/2028		15,435
	55,000	Iron Mountain, Inc.(f)	5.25%	07/15/2030		58,059
	50,000	Jefferies Finance LLC / JFIN Co.-Issuer Corp.(f)	5.00%	08/15/2028		51,331
	90,000	Kraft Heinz Foods Co.	6.88%	01/26/2039		132,521
	40,000	Kraft Heinz Foods Co.	6.50%	02/09/2040		57,000
	30,000	Kraft Heinz Foods Co.	4.88%	10/01/2049		37,758
	125,000	LABL, Inc.(f)	5.88%	11/01/2028		129,063
	45,000	Laredo Petroleum, Inc.	9.50%	01/15/2025		45,947
	70,000	LD Holdings Group LLC(f)	6.50%	11/01/2025		69,138
	60,000	Leeward Renewable Energy Operations LLC(f)	4.25%	07/01/2029		60,689
	75,000	Level 3 Financing, Inc.	5.25%	03/15/2026		76,768
	20,000	Level 3 Financing, Inc.(f)	4.63%	09/15/2027		20,430
	75,000	LFS Topco LLC(f)	5.88%	10/15/2026		77,516
	165,000	Lumen Technologies, Inc.(f)	5.13%	12/15/2026		171,953
	5,000	Lumen Technologies, Inc.(f)	4.50%	01/15/2029		4,845
	63,000	Marriott Ownership Resorts, Inc.(f)	6.13%	09/15/2025		65,741
	250,000	Mauser Packaging Solutions Holding Co.(f)	5.50%	04/15/2024		252,617
	145,000	MEDNAX, Inc.(f)	6.25%	01/15/2027		151,882
	60,000	Mercer International, Inc.	5.50%	01/15/2026		60,908
	34,000	MGIC Investment Corp.	5.25%	08/15/2028		35,748
	60,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.(f)	4.88%	05/01/2029		60,391
	60,000	ModivCare Escrow Issuer, Inc.(f)	5.00%	10/01/2029		61,367
	80,000	Mozart Debt Merger Sub, Inc.(f)	5.25%	10/01/2029		81,258
	90,000	MPH Acquisition Holdings LLC(f)	5.50%	09/01/2028		91,374
	75,000	MPH Acquisition Holdings LLC(f)	5.75%	11/01/2028		71,438
	45,000	Murphy Oil Corp.	5.88%	12/01/2027		46,533
	105,000	Nabors Industries, Ltd.(f)	7.25%	01/15/2026		97,234
	30,000	Nabors Industries, Ltd.(f)	7.50%	01/15/2028		27,193
	70,000	Nationstar Mortgage Holdings, Inc.(f)	5.75%	11/15/2031		69,748
	35,000	NCR Corp.(f)	5.75%	09/01/2027		36,610
	105,000	NCR Corp.(f)	5.13%	04/15/2029		108,886
	80,000	NCR Corp.(f)	6.13%	09/01/2029		85,825
	40,000	NCR Corp.(f)	5.25%	10/01/2030		41,160
	35,000	New Enterprise Stone & Lime Co., Inc.(f)	9.75%	07/15/2028		37,500
	115,000	New Enterprise Stone & Lime Co., Inc.(f)	5.25%	07/15/2028		116,783
	35,000	Nexstar Media, Inc.(f)	5.63%	07/15/2027		36,939
	80,000	Nexstar Media, Inc.(f)	4.75%	11/01/2028		81,646
	130,000	NFP Corp.(f)	6.88%	08/15/2028		130,569
	5,000	NuStar Logistics LP	6.00%	06/01/2026		5,430
	55,000	NuStar Logistics LP	6.38%	10/01/2030		61,134
	35,000	Occidental Pete Oxy	4.20%	03/15/2048		35,057
	65,000	Occidental Petroleum Corp.	4.50%	07/15/2044		67,049
	55,000	Occidental Petroleum Corp.	4.40%	04/15/2046		56,479
	25,000	Occidental Petroleum Corp.	4.40%	08/15/2049		25,350
	50,000	Oceaneering International, Inc.	6.00%	02/01/2028		49,125
	20,000	Olin Corp.	5.63%	08/01/2029		21,696
	105,000	Olin Corp.	5.00%	02/01/2030		110,399
	75,000	Olympus Water US Holding Corp.(f)	4.25%	10/01/2028		74,692
	55,000	Olympus Water US Holding Corp.(f)	6.25%	10/01/2029		53,702

Principal Amount/Description			Rate	Maturity		Value
$	90,000	Organon & Co. / Organon Foreign Debt Co-Issuer BV(f)	5.13%	04/30/2031	$	94,183
	90,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(f)	7.25%	02/01/2028		96,882
	35,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(f)	6.25%	06/15/2025		36,435
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(f)	5.00%	08/15/2027		20,491
	35,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(f)	4.25%	01/15/2029		35,117
	50,000	Owens & Minor, Inc.(f)	4.50%	03/31/2029		51,322
	105,000	Pactiv Evergreen Group Issuer LLC(f)	4.38%	10/15/2028		104,372
	220,000	Par Pharmaceutical, Inc.(f)	7.50%	04/01/2027		225,155
	75,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(f)	4.88%	05/15/2029		76,802
	65,000	PDC Energy, Inc.	5.75%	05/15/2026		67,253
	75,000	Performance Food Group, Inc.(f)	5.50%	10/15/2027		78,357
	25,000	PG&E Corp.	5.00%	07/01/2028		26,340
	95,000	PG&E Corp.	5.25%	07/01/2030		99,797
	155,000	Pike Corp.(f)	5.50%	09/01/2028		155,574
	50,000	Powdr Corp.(f)	6.00%	08/01/2025		52,148
	10,000	Prestige Brands, Inc.(f)	5.13%	01/15/2028		10,427
	220,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(f)	6.25%	01/15/2028		229,741
	110,000	Primo Water Holdings, Inc.(g)	3.88%	10/31/2028		128,334
	45,000	QVC, Inc.	4.75%	02/15/2027		46,323
	80,000	Railworks Holdings LP / Railworks Rally, Inc.(f)	8.25%	11/15/2028		82,514
	85,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(f)	7.63%	06/15/2025		90,185
	10,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(f)	5.75%	01/15/2029		10,265
	95,000	Renewable Energy Group, Inc.(f)	5.88%	06/01/2028		97,746
	95,000	RHP Hotel Properties LP / RHP Finance Corp.	4.75%	10/15/2027		96,995
	70,000	Rockcliff Energy II LLC(f)	5.50%	10/15/2029		72,217
	90,000	Rocket Software, Inc.(f)	6.50%	02/15/2029		87,930
	95,000	Royal Caribbean Cruises, Ltd.(f)	5.50%	04/01/2028		96,262
	20,000	Sabre GLBL, Inc.(f)	9.25%	04/15/2025		22,623
	50,000	Sabre GLBL, Inc.(f)	7.38%	09/01/2025		52,318
	100,000	Scientific Games International, Inc.(g)	3.38%	02/15/2026		115,203
	135,000	SCIL IV LLC / SCIL USA Holdings LLC(f)	5.38%	11/01/2026		138,713
	85,000	Scripps Escrow II, Inc.(f)	5.38%	01/15/2031		86,508
	100,000	SeaWorld Parks & Entertainment, Inc.(f)	5.25%	08/15/2029		101,976
	35,000	SEG Holding LLC / SEG Finance Corp.(f)	5.63%	10/15/2028		36,714
	35,000	Shea Homes LP / Shea Homes Funding Corp.(f)	4.75%	02/15/2028		35,841
	5,000	Sirius XM Radio, Inc.(f)	5.50%	07/01/2029		5,396
	80,000	Six Flags Entertainment Corp.(f)	5.50%	04/15/2027		82,880
	30,000	Six Flags Theme Parks, Inc.(f)	7.00%	07/01/2025		32,072
	20,000	Southwestern Energy Co.	7.75%	10/01/2027		21,595
	40,000	Southwestern Energy Co.	8.38%	09/15/2028		44,705
	100,000	Spectrum Brands, Inc.(f)	5.00%	10/01/2029		105,022
	120,000	Station Casinos LLC(f)	4.63%	12/01/2031		121,189
	40,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.	5.88%	03/01/2027		41,436
	15,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.88%	04/15/2026		15,671
	20,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.38%	02/01/2027		20,636

Principal Amount/Description			Rate	Maturity		Value
$	30,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.00%	01/15/2028	$	31,659
	100,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.50%	03/01/2030		109,418
	180,000	Tenet Healthcare Corp.(f)	6.25%	02/01/2027		186,544
	15,000	Tenet Healthcare Corp.(f)	5.13%	11/01/2027		15,642
	20,000	Tenet Healthcare Corp.(f)	6.13%	10/01/2028		21,165
	70,000	Thor Industries, Inc.(f)	4.00%	10/15/2029		69,388
	65,000	TMS International Corp.(f)	6.25%	04/15/2029		64,766
	105,000	TransDigm, Inc.(f)	8.00%	12/15/2025		110,905
	70,000	TransDigm, Inc.(f)	6.25%	03/15/2026		72,845
	30,000	TransDigm, Inc.	5.50%	11/15/2027		30,953
	110,000	TransDigm, Inc.	4.63%	01/15/2029		109,834
	10,000	Tronox, Inc.(f)	6.50%	05/01/2025		10,579
	80,000	Uber Technologies, Inc.(f)	7.50%	05/15/2025		84,172
	70,000	Uber Technologies, Inc.(f)	7.50%	09/15/2027		76,265
	20,000	Uber Technologies, Inc.(f)	6.25%	01/15/2028		21,498
	100,000	Unifrax Escrow Issuer Corp.(f)	5.25%	09/30/2028		101,270
	55,000	Univar Solutions USA, Inc./Washington(f)	5.13%	12/01/2027		57,469
	15,000	Univision Communications, Inc.(f)	9.50%	05/01/2025		16,047
	115,000	Univision Communications, Inc.(f)	6.63%	06/01/2027		124,029
	40,000	US Foods, Inc.(f)	6.25%	04/15/2025		41,693
	60,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	04/01/2026		62,466
	30,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		31,719
	20,000	Venture Global Calcasieu Pass LLC(f)	3.88%	08/15/2029		20,783
	30,000	Venture Global Calcasieu Pass LLC(f)	4.13%	08/15/2031		31,852
	80,000	Vertiv Group Corp.(f)	4.13%	11/15/2028		80,937
	65,000	Vine Engergy Holdings LLC(f)	6.75%	04/15/2029		70,639
	65,000	Vistra Operations Co. LLC(f)	5.00%	07/31/2027		67,539
	115,000	VM Consolidated, Inc.(f)	5.50%	04/15/2029		115,738
	145,000	WASH Multifamily Acquisition, Inc.(f)	5.75%	04/15/2026		152,568
	140,000	Western Midstream Operating LP	5.50%	08/15/2048		167,437
	95,000	WR Grace Holdings LLC(f)	4.88%	06/15/2027		97,696
	60,000	WR Grace Holdings LLC(f)	5.63%	08/15/2029		61,575
	155,000	Xerox Holdings Corp.(f)	5.00%	08/15/2025		164,463
	55,000	Xerox Holdings Corp.(f)	5.50%	08/15/2028		58,051
						18,601,369
TOTAL HIGH YIELD DEBT
(Cost $27,789,301)						28,145,776

Shares/Description			Value
RIGHTS - 0.00%(b)(i)
	198	DBI Investors, Inc., Strike Price 11.50, Expires 12/31/2049(a)	26
TOTAL RIGHTS
(Cost $11,231)			26
WARRANTS - 0.01%(b)
	4	David's Bridal, Strike Price 219.47, Expires 01/18/2024(a)	–
	11	Toys R Us Propco Warrant, Strike Price 11.50, Expires 12/31/2049(a)	–
	237	Windstream Holdings Inc - Pvt Warrant, Strike Price 0.00, Expires 12/31/2049	3,970
TOTAL WARRANTS
(Cost $106,180)			3,970

Shares/Description				Value
SHORT-TERM INVESTMENTS - 3.55%
	1,638,890	State Street Institutional Trust (7 Day Yield 0.01%)	$	1,638,890
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,638,890)				1,638,890
TOTAL INVESTMENTS - 99.94%
(Cost $46,015,079)				46,115,884
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.11%				50,000
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.05)%				(21,625	)
NET ASSETS - 100.00%			$	46,144,259

Investment Abbreviations:

EURIBOR - Euro Interbank Offered Rate

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

Libor Rates:

1M US L - 1 Month LIBOR as of December 31, 2021 was 0.10%

3M US L - 3 Month LIBOR as of December 31, 2021 was 0.21%

6M US L - 6 Month LIBOR as of December 31, 2021 was 0.34%

3M EUR L - 3 Month EURIBOR as of December 31, 2021 was -0.57%

6M EUR L - 6 Month EURIBOR as of December 31, 2021 was -0.55%

5Y EUR SWAP - 5 Year Euro ICE Swap Rate as of December 31, 2021 was -0.25%

^(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, 2021. 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) 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 $20,910,545, which represents approximately 45.32% of net assets as of December 31, 2021.

^(g) 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, 2021, the aggregate fair value of those securities was $3,631,833, representing 7.87% of net assets.

^(h) Security is currently in default.

⁽ⁱ⁾ 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, 2021		Fund Delivering	U.S. $ Value at December 31, 2021		Unrealized Appreciation
State Street Corporation	1/7/2022	GBP		145,716	USD		142,761	$	2,955
								$	2,955
State Street Corporation	1/7/2022	USD		5,889,672	EUR		5,908,119		(18,447	)
State Street Corporation	1/7/2022	USD		827,820	GBP		841,295		(13,475	)
State Street Corporation	1/7/2022	USD		863,848	EUR		866,554		(2,706	)
State Street Corporation	1/7/2022	USD		329,680	GBP		335,046		(5,366	)
State Street Corporation	1/7/2022	USD		307,625	EUR		310,548		(2,923	)
								$	(42,917	)

RiverNorth Funds Notes to Quarterly Schedule of Investments

December 31, 2021 (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, 2021.

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, 2021 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	$	54,700,252	$	5,242	$	–	$	54,705,494
Business Development Companies		910,883		–		–		910,883
Common Stocks		6,856,345		–		–		6,856,345
Exchange Traded Funds		830,791		–		–		830,791
Preferred Stocks		396,183		–		–		396,183
Business Development Company Notes		1,993,947		1,600,552		–		3,594,499
Convertible Corporate Bonds		–		1,957,342		–		1,957,342
Rights		3,091		–		–		3,091
Warrants		109,822		–		–		109,822
Short-Term Investments		12,863,254		–		–		12,863,254
Total	$	78,664,568	$	3,563,136	$	–	$	82,227,704

Strategic Income Fund

	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	251,160,241	$	–	$	–	$	251,160,241
Business Development Companies		11,355,064		–		–		11,355,064
Common Stocks		158,698,289		–		–		158,698,289
Open-End Funds		32,911,690		–		–		32,911,690
Preferred Stocks		–		191,042		–		191,042
Business Development Company Notes		8,364,976		5,845,054		–		14,210,030
Foreign Corporate Bonds		–		89,512,791		–		89,512,791
U.S. Corporate Bonds		–		144,317,638		–		144,317,638
Convertible Corporate Bonds		–		16,870,648		–		16,870,648
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies		–		21,320,920		–		21,320,920
Bank Loans		–		43,149,800		–		43,149,800
Collateralized Loan Obligations		–		66,741,351		–		66,741,351
Equity – Linked Notes		–		–		–		–
Non-Agency Collateralized Mortgage Obligations		–		477,036,142		–		477,036,142
U.S. Government Bonds and Notes		–		226,091,156		–		226,091,156
Mortgage-Backed Securities		–		30,262,268		–		30,262,268
Municipal Bonds		–		275,677		–		275,677
U.S. Government / Agency Mortgage Backed Securities		–		248,512,331		–		248,512,331
Warrants		–		–		–		–
Short-Term Investments		227,773,836		–		–		227,773,836
Total	$	690,264,096	$	1,370,126,818	$	–	$	2,060,390,914

High Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Common Stocks	$	–	$	150	$	86,878	$	87,028
Preferred Stocks		–		–		121,028		121,028
Bank Loans		–		16,119,166		–		16,119,166
High Income Fund (continued)
High Yield Debt		–		28,145,776		–		28,145,776
Rights		–		–		26		26
Warrants	$	–	$	3,970	$	–	$	3,970
Short-Term Investments		1,638,890		–		–		1,638,890
Total	$	1,638,890	$	44,269,062	$	207,932	$	46,115,884

	Valuation Inputs
Other Financial Instruments**	Level 1		Level 2			Level 3		Total
Assets
Forward Foreign Currency Contracts	$	–	$	2,955		$	–	$	2,955
Liabilities
Forward Foreign Currency Contracts	$	–	$	(42,917	)	$	–	$	(42,917	)
Total	$	–	$	(39,962	)	$	–	$	(39,962	)

* 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, 2021		Realized Gain/(Loss)		Change in Unrealized Appreciation/ Depreciation			Purchases		Sales Proceeds		Balance as of December 31, 2021		Net change in unrealized appreciation/(depreciation) included in the Statements of Operations attributable to Level 3 investments held at December 31, 2021
Common Stocks	$	75,753	$	-	$	11,124		$	-	$	-	$	86,877	$	11,124
Preferred Stocks		117,022		-		6			4,000		-		121,028		5
Rights		28		-		(2	)		-		-		26		(2	)
	$	192,803	$	-	$	11,128		$	4,000	$	-	$	207,931	$	11,127

The Table below provides additional information about the Level 3 Fair Value Measurements as of December 31, 2021:

Quantitative Information about Level 3 Fair Value Measurements  

Asset Class	Fair Value (USD)		Valuation Technique	Unobservable Inputs(a)
					Value/Range (Weighted Average)
Common Stocks	$	86,877	Market Comparable Companies	EBITDA Multiple	6.0x – 7.0x
				Revenue Multiple	0.25x-0.35x
Preferred Stocks		121,028	Market Comparable Companies	EBITDA Multiple	12.5x-13.00x
				Company Provided Financial Information	N/A
Rights	26		Market Comparable Companies	Revenue Multiple	0.25x-0.35x
				Company Provided Financial Information	N/A

Unobservable Input
	Impact to Value if Input Increases	Impact to Value if  Input Decreases
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, 2021, 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, 2021, the High Income Fund had $638,780 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, 2021 were as follows:

Strategic Income Fund

Security Name	Value as of September 30, 2021		Purchases		Sales		Change in Unrealized Gain (Loss)			Realized Gain/Loss		Value as of December 31, 2021		Share Balance as of December 31, 2021		Distributions
Controlled Investments:
RiverNorth/Oaktree High Income Fund	$	32,734,160	$	311,702	$	-	$	(134,172	)	$	-	$	32,911,690		3,468,880	$	311,702
	$	32,734,160					$	(134,172	)	$	-	$	32,911,690		3,468,880	$	311,702