RiverNorth/DoubleLine Strategic Income Fd Cl R (RNDLX) NPORT-P RiverNorth/DoubleLine Strategic Income Fund (Jun 2022 report)

RiverNorth Core Opportunity Fund

SCHEDULE OF INVESTMENTS

June 30, 2022 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 78.65%
	186,027	Aberdeen Emerging Markets Equity Income Fund, Inc.	$	1,026,869
	7,531	AllianzGI Convertible & Income 2024 Target Term Fund		64,842
	22,841	Barings Global Short Duration High Yield Fund		297,161
	124,211	BlackRock 2022 Global Income Opportunity Trust		5,242
	289,260	Blackrock Capital Allocation Trust		4,237,659
	4,594	BlackRock Credit Allocation Income Trust		50,029
	100,359	BlackRock Debt Strategies Fund, Inc.		917,281
	224,353	Blackrock ESG Capital Allocation Trust		3,210,491
	120,580	BlackRock Innovation & Growth Trust		957,405
	19,313	Blackrock Science & Technology Trust		627,479
	269,311	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		2,267,599
	71,772	Calamos Long/Short Equity & Dynamic Income Trust		1,184,238
	47,135	Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund		898,393
	119,513	Cornerstone Strategic Value Fund, Inc.		1,025,421
	321	Cornerstone Total Return Fund, Inc.		2,674
	105,780	First Trust Dynamic Europe Equity Income Fund		1,177,331
	108,521	First Trust Energy Infrastructure Fund		1,554,021
	127,622	First Trust High Yield Opportunities 2027 Term Fund		1,854,348
	317,804	First Trust New Opportunities MLP & Energy Fund		1,836,907
	148,846	GDL Fund		1,222,026
	31,545	Neuberger Berman High Yield Strategies Fund, Inc.		264,347
	97,940	Nuveen Core Plus Impact Fund		1,147,857
	101,301	Nuveen Corporate Income 2023 Target Term Fund		897,527
	191,685	Nuveen Credit Strategies Income Fund		996,762
	39,147	Nuveen Preferred & Income Term Fund		752,014
	13,697	Nuveen Variable Rate Preferred & Income Fund		252,162
	124,365	Pershing Square Holdings Ltd.		3,687,422
	29,575	PGIM Global High Yield Fund, Inc.		339,225
	45,153	PGIM Short Duration High Yield Opportunities Fund		673,231
	172,203	PIMCO Dynamic Income Opportunities Fund		2,385,012
	85,475	Special Opportunities Fund, Inc.		1,057,326
	62,902	Sprott Physical Gold and Silver Trust(a)		1,058,012
	36,391	Western Asset Diversified Income Fund		504,379
	18,270	Western Asset Investment Grade Defined Opportunity Trust, Inc.		308,215
TOTAL CLOSED-END FUNDS
(Cost $45,603,075)				38,740,907
BUSINESS DEVELOPMENT COMPANIES - 3.44%
	195,902	First Eagle Alternative Capital BDC, Inc.	$	693,493
	77,091	Golub Capital BDC, Inc.		999,099
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $1,830,614)				1,692,592
Special Purpose Acquisition Company – 0.65%
	32,700	Tishman Speyer Innovation Corp. II(a)	$	320,133
TOTAL Special Purpose Acquisition Company
(Cost $320,979)				320,133

Shares/Description			Value
EXCHANGE TRADED FUNDS - 1.40%
	37,953	Invesco FTSE RAFI Emerging Markets Portfolio	$	689,606
TOTAL EXCHANGE TRADED FUNDS
(Cost $682,207)				689,606
PREFERRED STOCKS - 0.78%
	15,162	XAI Octagon Floating Rate Alternative Income Term Trust, Series 2026, 6.500%, 03/31/2026	$	382,082
TOTAL PREFERRED STOCKS
(Cost $378,879)				382,082

Shares/Principal Amount/Description			Rate	Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 8.01%
United States - 8.01%
$	72,619	First Eagle Alternative Capital BDC, Inc.	5.00%	05/25/2026	$	1,673,868
	852,978	New Mountain Finance Corp.	5.75%	08/15/2023		853,831
	1,580,000	PennantPark Floating Rate Capital, Ltd.	4.25%	04/01/2026		1,419,502
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $4,224,230)						3,947,201

Shares/Description			Value
Rights - 0.00%(a)(b)
	13,110	Agba Acquisition, Ltd., Strike Price 11.50, Expires 12/31/2049	$	1,835
TOTAL RIGHTS
(Cost $2,960)				1,835
Warrants - 0.04%(a)
	13,110	Agba Acquisition, Ltd., Strike Price 11.50, Expires 05/10/2024	$	409
	7,024	Ares Acquisition Corp., Strike Price 11.50, Expires 12/31/2027		1,618
	5,039	Austerlitz Acquisition Corp. I, Strike Price 11.50, Expires 02/19/2026		1,385
	5,032	Austerlitz Acquisition Corp. II, Strike Price 11.50, Expires 12/31/2027		616
	8,081	Churchill Capital Corp. VI, Strike Price 11.50, Expires 12/31/2027		2,748
	8,168	Churchill Capital Corp. VII, Strike Price 11.50, Expires 02/29/2028		2,840
	5,250	Fortress Value Acquisition Corp. IV, Strike Price 11.50, Expires 03/18/2028		976
	4,425	Gores Holdings VII, Inc., Strike Price 11.50, Expires 12/31/2027		2,035
	10,113	Jaws Mustang Acquisition Corp., Strike Price 11.50, Expires 01/30/2026		2,537
	5,064	KKR Acquisition Holdings I Corp., Strike Price 11.50, Expires 12/31/2027		1,823
	5,303	Landcadia Holdings IV, Inc., Strike Price 11.50, Expires 12/31/2028		1,617
	4,429	Longview Acquisition Corp. II, Strike Price 11.50, Expires 05/10/2026		576
	6,540	Tishman Speyer Innovation Corp, Strike Price 11.50, Expires 12/31/2027		857
TOTAL WARRANTS
(Cost $96,224)				20,037

Shares/Description			Value
Short-Term Investments - 9.27%
Money Market Fund - 9.27%
	4,566,260	State Street Institutional Trust (7 Day Yield 1.03%)	$	4,566,260
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,566,260)				4,566,260
TOTAL INVESTMENTS - 102.24%
(Cost $57,705,428)			$	50,360,653
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.24)%				(1,102,065	)
NET ASSETS - 100.00%			$	49,258,588

^(a) Non-income producing security.

^(b) Less than 0.005%.

See Notes to Quarterly Schedule of Investments.

RiverNorth/DoubleLine Strategic Income Fund

SCHEDULE OF INVESTMENTS 

June 30, 2022 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 18.82%
	777,640	AllianceBernstein Global High Income Fund, Inc.	$	7,597,543
	231,874	Apollo Tactical Income Fund, Inc.		2,791,763
	383,908	Barings Global Short Duration High Yield Fund		4,994,643
	1,253,406	BlackRock Credit Allocation Income Trust		13,649,591
	131,270	BlackRock Debt Strategies Fund, Inc.		1,199,808
	290,886	Blackstone Long-Short Credit Income Fund		3,345,189
	924,929	Blackstone Strategic Credit Fund		10,331,457
	137,735	Blackstone/GSO Senior Floating Rate Term Fund		1,831,875
	1,320,021	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		11,114,577
	956,865	Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund		18,237,847
	183,124	First Trust High Income Long/Short Fund		2,087,614
	732,792	First Trust High Yield Opportunities 2027 Term Fund		10,647,468
	340,444	Franklin Limited Duration Income Trust		2,301,401
	368,701	Invesco Dynamic Credit Opportunities Fund		4,140,512
	1,329,792	Invesco Senior Income Trust		5,172,891
	93,517	Invesco Trust for Investment Grade Municipals		984,734
	50,000	Ivy High Income Opportunities Fund		512,000
	311,223	Morgan Stanley Emerging Markets Debt Fund, Inc.		2,057,184
	1,449,660	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		6,508,973
	90,017	Neuberger Berman High Yield Strategies Fund, Inc.		754,342
	887,480	Nuveen AMT-Free Quality Municipal Income Fund		10,427,890
	1,272,453	Nuveen Core Plus Impact Fund		14,913,149
	4,119,149	Nuveen Credit Strategies Income Fund		21,419,575
	693,896	Nuveen Preferred & Income Securities Fund		5,037,685
	86,026	Nuveen Preferred Income Opportunities Fund		658,099
	569,780	Nuveen Quality Municipal Income Fund		7,105,157
	318,329	Nuveen Senior Income Fund		1,524,796
	31,305	Nuveen Variable Rate Preferred & Income Fund		576,325
	904,747	PGIM Global High Yield Fund, Inc.		10,377,448
	750,371	PGIM High Yield Bond Fund, Inc.		9,237,067
	580,398	PGIM Short Duration High Yield Opportunities Fund		8,653,734
	311,090	PIMCO Access Income Fund		4,924,555
	831,345	PIMCO Dynamic Income Fund		17,350,170
	1,175,241	PIMCO Dynamic Income Opportunities Fund		16,277,088
	658,795	Templeton Emerging Markets Income Fund		3,550,905
	331,750	Virtus AllianzGI Diversified Income & Convertible Fund(a)		7,945,413
	1,482,021	Virtus Convertible & Income Fund		5,453,837
	912,810	Western Asset Diversified Income Fund		12,651,547
	1,812,439	Western Asset Emerging Markets Debt Fund, Inc.		16,003,836
	3,276,405	Western Asset High Income Opportunity Fund, Inc.		12,974,564
	36,658	Western Asset Mortgage Opportunity Fund, Inc.		428,165
TOTAL CLOSED-END FUNDS
(Cost $361,128,572)				297,752,417
BUSINESS DEVELOPMENT COMPANIES - 0.81%
	991,658	Golub Capital BDC, Inc.	$	12,851,888
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $13,282,986)				12,851,888

Shares/Description			Value
COMMON STOCKS - 1.79%
	1,695,482	Barings BDC, Inc.	$	15,784,937
	6,676	CW TRAVEL(b)		133,520
	350,000	Far Peak Acquisition Corp., Class A(b)		3,437,000
	10,467	Frontera Energy Corp.(b)		83,108
	9,428	FS KKR Capital Corp.		183,092
	52,500	Gores Technology Partners II, Inc.(b)		513,450
	1,113	Intelsat Jackson Holdings SA, Series A(b)		4,452
	1,113	Intelsat Jackson Holdings SA, Series B(b)		4,174
	10,628	Intelsat New Common(b)		286,956
	31,580	McDermott International, Ltd.(b)		17,369
	259,482	Pershing Square Tontine Holdings, Ltd.(b)		5,181,856
	275,000	RedBall Acquisition Corp.(b)		2,739,000
TOTAL COMMON STOCKS
(Cost $31,177,491)				28,368,914
OPEN-END FUNDS - 1.87%
	3,526,346	RiverNorth/Oaktree High Income Fund, Class I(c)	$	29,552,898
TOTAL OPEN-END FUNDS
(Cost $34,231,630)				29,552,898
PREFERRED STOCKS - 0.00%
	8,906	Riverbed Tech Pref A, 1.500%, 11/17/2028(b)	$	53,436
TOTAL PREFERRED STOCKS
(Cost $188,615)				53,436

Shares/Principal Amount/Description			Rate	Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 1.20%
United States - 1.20%
$	246,313	First Eagle Alternative Capital BDC, Inc.	5.00%	05/25/2026	$	5,677,515
	6,000,000	New Mountain Finance Corp.	5.75%	08/15/2023		6,006,000
	32,069	Oxford Square Capital Corp.	6.50%	03/30/2024		801,725
	49,593	Oxford Square Capital Corp.	6.25%	04/30/2026		1,258,174
	5,770,000	PennantPark Floating Rate Capital, Ltd.	4.25%	04/01/2026		5,183,876
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $19,901,807)						18,927,290

Principal Amount/Description			Rate	Maturity	Value
FOREIGN CORPORATE BONDS - 4.11%
Argentina - 0.09%
$	150,000	AES Argentina Generacion SA(d)	7.75%	02/02/2024	$	122,470
	250,000	Banco Macro SA(d)(e)	6.75%	11/04/2026		197,846
	150,000	Pampa Energia SA(f)	9.13%	04/15/2029		120,973
	450,000	Pampa Energia SA(d)	9.13%	04/15/2029		362,918
	300,000	YPF SA	8.50%	06/27/2029		185,805
	850,000	YPF SA	7.00%	12/15/2047		418,756
						1,408,768
Australia - 0.36%
	1,000,000	APA Infrastructure, Ltd.(f)	4.25%	07/15/2027		974,047

Principal Amount/Description			Rate	Maturity	Value
$	965,000	Australia & New Zealand Banking Group, Ltd.(e)(f)	5Y US TI + 1.70%	11/25/2035	$	766,298
	675,000	Commonwealth Bank of Australia(f)	4.32%	01/10/2048		576,522
	1,175,000	Macquarie Group, Ltd.(e)(f)	1D US SOFR + 1.532%	01/14/2033		959,675
	725,000	National Australia Bank, Ltd.(f)	2.99%	05/21/2031		606,587
	340,000	NBN Co., Ltd.(f)	1.45%	05/05/2026		307,114
	500,000	Sydney Airport Finance Co. Pty, Ltd.(f)	3.38%	04/30/2025		486,175
	500,000	Sydney Airport Finance Co. Pty, Ltd.(f)	3.63%	04/28/2026		483,046
	580,000	Westpac Banking Corp.(e)	5Y US TI + 1.53%	11/18/2036		467,692
						5,627,156
Brazil - 0.09%
	1,000,000	Banco do Brasil SA(a)(e)	6.25%	Perpetual Maturity		880,000
	950,000	Oi SA(g)	10.00%    (4.00%)	07/27/2025		466,392
						1,346,392
British Virgin Islands - 0.03%
	550,000	TSMC Global, Ltd.(f)	1.25%	04/23/2026		501,100
Canada - 0.42%
	630,000	Bank of Montreal(e)	3.80%	12/15/2032		584,460
	805,000	Bank of Nova Scotia(e)	5Y US TI + 2.05%	05/04/2037		741,052
	110,000	Bell Telephone Co. of Canada or Bell Canada	3.65%	08/15/2052		88,096
	385,000	CCL Industries, Inc.(f)	3.05%	06/01/2030		334,787
	245,000	CI Financial Corp.	4.10%	06/15/2051		159,126
	425,000	Enbridge, Inc.	3.40%	08/01/2051		320,366
	600,000	Frontera Energy Corp.(f)	7.88%	06/21/2028		487,620
	220,000	Garda World Security Corp.(f)	6.00%	06/01/2029		169,457
	600,000	Gran Tierra Energy, Inc.(f)	7.75%	05/23/2027		513,673
	400,000	Gran Tierra Energy, Inc.(d)	7.75%	05/23/2027		342,449
	160,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.(f)	5.00%	12/31/2026		137,001
	1,430,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.(f)	7.00%	12/31/2027		1,074,323
	205,000	Mattamy Group Corp.(f)	4.63%	03/01/2030		150,157
	160,000	MEG Energy Corp.(f)	7.13%	02/01/2027		161,499
	25,000	MEG Energy Corp.(f)	5.88%	02/01/2029		22,871
	155,000	Parkland Corp.(f)	4.50%	10/01/2029		125,944
	205,000	Superior Plus LP / Superior General Partner, Inc.(f)	4.50%	03/15/2029		174,635
	540,000	Telesat Canada / Telesat LLC(f)	5.63%	12/06/2026		341,950
	750,000	TransCanada PipeLines, Ltd.	4.25%	05/15/2028		730,528
						6,659,994
Cayman Islands - 0.17%
	200,000	Banco Mercantil del Norte SA/Grand Cayman(a)(e)(f)	7.50%	Perpetual Maturity		181,382
	200,000	Banco Mercantil del Norte SA/Grand Cayman(a)(e)(f)	10Y US TI + 5.034%	Perpetual Maturity		163,700
	500,000	Banco Mercantil del Norte SA/Grand Cayman(a)(d)(e)	10Y US TI + 5.034%	Perpetual Maturity		409,250
	200,000	Banco Mercantil del Norte SA/Grand Cayman(a)(d)(e)	7.63%	Perpetual Maturity		185,684
	300,000	Banco Mercantil del Norte SA/Grand Cayman(a)(e)	10Y US TI + 5.47%	Perpetual Maturity		272,073
	166,440	Global Aircraft Leasing Co., Ltd.(f)(g)	6.50%    (7.25%)	09/15/2024		126,537

Principal Amount/Description			Rate	Maturity	Value
$	224,000	Gran Tierra Energy International Holdings, Ltd.(d)	6.25%	02/15/2025	$	191,591
	397,996	Interoceanica IV Finance, Ltd.(h)	0.00%	11/30/2025		368,147
	600,000	Itau Unibanco Holding SA Island(a)(d)(e)	5Y US TI + 4.63%	Perpetual Maturity		480,825
	146,075	Lima Metro Line 2 Finance, Ltd.(f)	5.88%	07/05/2034		144,363
	192,188	Transocean Poseidon, Ltd.(f)	6.88%	02/01/2027		169,376
						2,692,928
Chile - 0.34%
	400,000	AES Andes SA(e)(f)	6.35%	10/07/2079		355,234
	300,000	AES Andes SA(e)	7.13%	03/26/2079		272,954
	400,000	AES Andes SA(d)(e)	6.35%	10/07/2079		355,234
	200,000	CAP SA(f)	3.90%	04/27/2031		157,143
	700,000	CAP SA(d)	3.90%	04/27/2031		550,000
	900,000	Empresa de Transporte de Pasajeros Metro SA(f)	5.00%	01/25/2047		762,611
	950,950	Empresa Electrica Cochrane SpA(d)	5.50%	05/14/2027		801,169
	397,080	GNL Quintero SA(d)	4.63%	07/31/2029		381,965
	1,000,000	Guacolda Energia SA(d)	4.56%	04/30/2025		353,813
	750,000	Transelec SA(d)	3.88%	01/12/2029		687,105
	1,050,000	VTR Finance NV(d)	6.38%	07/15/2028		750,874
						5,428,102
China - 0.05%
	300,000	Agile Group Holdings, Ltd.(a)	7.88%	Perpetual Maturity		65,282
	495,000	Agile Group Holdings, Ltd.(a)(e)	7.75%	Perpetual Maturity		106,782
	200,000	Agile Group Holdings, Ltd.(a)(e)	6.88%	Perpetual Maturity		43,900
	200,000	Central China Real Estate, Ltd.	7.25%	04/24/2023		100,200
	700,000	Central China Real Estate, Ltd.	7.25%	07/16/2024		225,750
	400,000	Ronshine China Holdings, Ltd.	7.35%	12/15/2023		54,944
	600,000	Ronshine China Holdings, Ltd.	6.75%	08/05/2024		54,000
	350,000	Yuzhou Group Holdings Co., Ltd.	8.30%	05/27/2025		26,250
	600,000	Yuzhou Group Holdings Co., Ltd.	7.38%	01/13/2026		45,000
						722,108
Colombia - 0.31%
	450,000	Banco Davivienda SA(a)(e)(f)	10Y US TI + 5.10%	Perpetual Maturity		360,287
	650,000	Banco GNB Sudameris SA(e)(f)	5Y US TI + 6.66%	04/16/2031		556,397
	391,000	Banco GNB Sudameris SA(d)(e)	5Y US TI + 4.56%	04/03/2027		351,755
	350,000	Credivalores-Crediservicios SAS(f)	8.88%	02/07/2025		193,606
	200,000	Credivalores-Crediservicios SAS(d)	9.75%	07/27/2022		194,306
	400,000	Credivalores-Crediservicios SAS(d)	8.88%	02/07/2025		221,264
	100,000	Ecopetrol SA	4.63%	11/02/2031		76,000
	950,000	Ecopetrol SA	5.88%	05/28/2045		648,375
	1,020,000	Ecopetrol SA	5.88%	11/02/2051		668,993
	400,000	Empresas Publicas de Medellin ESP(d)	4.25%	07/18/2029		313,009
	700,000	Empresas Publicas de Medellin ESP(d)	4.38%	02/15/2031		536,784
	600,000	Gilex Holding SARL	8.50%	05/02/2023		586,620
	200,000	Oleoducto Central SA(d)	4.00%	07/14/2027		167,180
						4,874,576
Cyprus - 0.01%
	200,000	Interpipe Holdings PLC(f)	8.38%	05/13/2026		88,815
France - 0.08%
	930,000	BNP Paribas SA(e)(f)	1D SOFR + 1.51%	01/13/2031		803,052

Principal Amount/Description			Rate	Maturity	Value
$	590,000	BPCE SA(f)	1.00%	01/20/2026	$	523,984
						1,327,036
Great Britain - 0.30%
	200,000	AngloGold Ashanti Holdings PLC	3.75%	10/01/2030		164,965
	765,000	Barclays PLC(e)	3M US L + 1.38%	05/16/2024		764,828
	930,000	HSBC Holdings PLC(e)	3M US L + 1.38%	09/12/2026		923,618
	930,000	Lloyds Banking Group PLC(e)	3M US L + 1.21%	11/07/2028		871,016
	535,000	NatWest Markets PLC(f)	0.80%	08/12/2024		497,005
	293,233	SCC Power PLC(f)(g)	8.00%    (8.00%)	12/31/2028		126,823
	158,835	SCC Power PLC(f)(g)	4.00%    (4.00%)	05/17/2032		17,472
	472,000	Tullow Oil PLC(f)	10.25%	05/15/2026		452,013
	450,000	Vedanta Resources Finance II PLC(f)	9.25%	04/23/2026		269,337
	200,000	Vedanta Resources Finance II PLC(d)	9.25%	04/23/2026		119,705
	680,000	Weir Group PLC(f)	2.20%	05/13/2026		598,710
						4,805,492
Hong Kong - 0.03%
	400,000	RKP Overseas Finance, Ltd.(a)	7.75%	Perpetual Maturity		176,000
	600,000	RKP Overseas Finance, Ltd.(a)	7.95%	Perpetual Maturity		272,405
						448,405
India - 0.06%
	384,000	Adani International Container Terminal Pvt, Ltd.(d)	3.00%	02/16/2031		326,225
	200,000	Adani Ports & Special Economic Zone, Ltd.(d)	4.38%	07/03/2029		177,041
	500,000	Adani Ports & Special Economic Zone, Ltd.	3.10%	02/02/2031		390,503
	200,000	Vedanta Resources, Ltd.	6.13%	08/09/2024		121,769
						1,015,538
Indonesia - 0.07%
	500,000	ABM Investama Tbk PT(f)	9.50%	08/05/2026		442,676
	200,000	Freeport Indonesia PT(f)	5.32%	04/14/2032		182,300
	200,000	Gajah Tunggal Tbk PT	8.95%	06/23/2026		152,000
	200,000	Indonesia Asahan Aluminium Persero PT	5.80%	05/15/2050		161,403
	300,000	Pertamina Persero PT(d)	4.15%	02/25/2060		223,960
						1,162,339
Ireland - 0.14%
	1,050,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust	3.40%	10/29/2033		830,399
	645,000	Aptiv PLC	3.10%	12/01/2051		417,249
	765,000	Avolon Holdings Funding, Ltd.(f)	3.25%	02/15/2027		666,672
	400,000	C&W Senior Financing DAC(d)	6.88%	09/15/2027		360,042
						2,274,362
Israel - 0.06%
	900,000	Israel Electric Corp., Ltd.(f)	5.00%	11/12/2024		911,903
Jamaica - 0.00%(i)
	67,289	Digicel Group Holdings, Ltd.(f)(g)	8.00%    (8.00%)	04/01/2025		47,464
Japan - 0.11%
	790,000	Mitsubishi UFJ Financial Group, Inc.	1.41%	07/17/2025		726,442
	1,110,000	Renesas Electronics Corp.(f)	2.17%	11/25/2026		991,207
						1,717,649
Luxembourg - 0.19%
	150,000	Atento Luxco 1 SA(f)	8.00%	02/10/2026		107,271

Principal Amount/Description			Rate	Maturity	Value
$	670,000	Endo Luxembourg Finance Co. I SARL / Endo US, Inc.(f)	6.13%	04/01/2029	$	507,800
	305,000	EverArc Escrow Sarl(f)	5.00%	10/30/2029		257,136
	1,100,000	Intelsat Escrow Shares(j)	0.00%	Perpetual Maturity		0
	135,000	Intelsat Jackson Holdings SA(f)	6.50%	03/15/2030		111,713
	1,000,000	MC Brazil Downstream Trading SARL(d)	7.25%	06/30/2031		797,345
	270,000	Millicom International Cellular SA(d)	6.25%	03/25/2029		235,393
	700,000	Movida Europe SA(d)	5.25%	02/08/2031		543,480
	600,000	Simpar Europe SA(d)	5.20%	01/26/2031		464,421
						3,024,559
Mexico - 0.25%
	700,000	Alpha Holding SA de CV(f)	9.00%	02/10/2025		45,500
	200,000	Alpha Holding SA de CV	9.00%	02/10/2025		13,000
	200,000	BBVA Bancomer SA(d)(e)	5.13%	01/18/2033		169,694
	800,000	Braskem Idesa SAPI(f)	6.99%	02/20/2032		619,876
	500,000	Credito Real SAB de CV SOFOM ER(d)	9.50%	02/07/2026		33,750
	800,000	Mexarrend SAPI de CV(f)	10.25%	07/24/2024		382,229
	200,000	Mexarrend SAPI de CV(d)	10.25%	07/24/2024		95,557
	1,100,000	Mexico City Airport Trust(d)	5.50%	07/31/2047		757,537
	141,539	Mexico Generadora de Energia S de rl	5.50%	12/06/2032		133,141
	700,000	Operadora de Servicios Mega SA de CV Sofom ER(f)	8.25%	02/11/2025		455,955
	750,000	Petroleos Mexicanos	6.38%	01/23/2045		455,899
	500,000	Petroleos Mexicanos	6.75%	09/21/2047		310,477
	200,000	TV Azteca SAB de CV(k)	8.25%	08/09/2024		90,000
	1,000,000	Unifin Financiera SAB de CV(a)(d)(e)	8.88%	Perpetual Maturity		327,070
						3,889,685
Morocco - 0.05%
	1,200,000	OCP SA(d)	5.13%	06/23/2051		799,961
Netherlands - 0.25%
	300,000	Coruripe Netherlands BV(d)	10.00%	02/10/2027		258,764
	850,000	Jababeka International BV(d)	6.50%	10/05/2023		557,600
	800,000	Metinvest BV(d)	7.75%	10/17/2029		438,520
	200,000	Minejesa Capital BV	4.63%	08/10/2030		180,180
	1,600,000	Minejesa Capital BV	5.63%	08/10/2037		1,297,624
	300,000	NGD Holdings BV	6.75%	12/31/2026		133,800
	515,000	NXP BV / NXP Funding LLC / NXP USA, Inc.	3.88%	06/18/2026		496,756
	200,000	Petrobras Global Finance BV	6.75%	06/03/2050		173,695
	610,000	Petrobras Global Finance BV	5.50%	06/10/2051		463,872
						4,000,811
Panama - 0.05%
	664,036	UEP Penonome II SA(f)	6.50%	10/01/2038		621,548
	189,725	UEP Penonome II SA(d)	6.50%	10/01/2038		177,585
						799,133
Paraguay - 0.05%
	1,000,000	Frigorifico Concepcion SA(f)	7.70%	07/21/2028		787,300
Peru - 0.19%
	200,000	Banco Internacional del Peru SAA Interbank(e)	1Y US TI + 3.71%	07/08/2030		185,618
	300,000	Camposol SA(f)	6.00%	02/03/2027		252,711
	400,000	Camposol SA(d)	6.00%	02/03/2027		336,948

Principal Amount/Description			Rate	Maturity	Value
$	458,000	Hunt Oil Co. of Peru LLC Sucursal Del Peru(d)	6.38%	06/01/2028	$	420,215
	300,000	Inkia Energy, Ltd.(d)	5.88%	11/09/2027		275,100
	600,000	Peru LNG Srl(d)	5.38%	03/22/2030		486,033
	200,000	Petroleos del Peru SA(d)	4.75%	06/19/2032		154,925
	1,350,000	Petroleos del Peru SA(d)	5.63%	06/19/2047		920,234
						3,031,784
Singapore - 0.16%
	715,000	BOC Aviation, Ltd.(e)(f)	3M US L + 1.13%	09/26/2023		714,610
	200,000	DBS Group Holdings, Ltd.(e)	5Y US TI + 1.82%	03/10/2031		182,043
	400,000	Oversea-Chinese Banking Corp., Ltd.(e)(f)	5Y US TI + 1.58%	09/10/2030		369,546
	700,000	PSA Treasury Pte, Ltd.	2.25%	04/30/2030		623,574
	200,000	SSMS Plantation Holdings Pte, Ltd.	7.75%	01/23/2023		177,000
	350,000	Temasek Financial I, Ltd.(f)	1.00%	10/06/2030		285,995
	250,000	Temasek Financial I, Ltd.(d)	1.00%	10/06/2030		204,282
						2,557,050
South Korea - 0.02%
	200,000	LG Chem, Ltd.(f)	2.38%	07/07/2031		167,701
	200,000	Shinhan Financial Group Co., Ltd.(a)(e)(f)	5Y US TI + 2.06%	Perpetual Maturity		178,000
						345,701
Spain - 0.11%
	500,000	AES Andres BV(f)	5.70%	05/04/2028		426,831
	250,000	AI Candelaria Spain SA(f)	5.75%	06/15/2033		183,396
	1,050,000	AI Candelaria Spain SA(d)	5.75%	06/15/2033		770,263
	400,000	EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA(d)	5.38%	12/30/2030		270,682
						1,651,172
Trinidad and Tobago - 0.01%
	200,000	Telecommunications Services of Trinidad & Tobago, Ltd.(d)	8.88%	10/18/2029		192,643
United Arab Emirates - 0.03%
	288,258	Galaxy Pipeline Assets Bidco, Ltd.(f)	2.16%	03/31/2034		245,647
	294,783	Galaxy Pipeline Assets Bidco, Ltd.(d)	2.94%	09/30/2040		241,200
						486,847
Vietnam - 0.03%
	500,000	Mong Duong Finance Holdings BV(d)	5.13%	05/07/2029		404,375
TOTAL FOREIGN CORPORATE BONDS
(Cost $82,855,409)						65,031,148
U.S. CORPORATE BONDS - 7.56%
Advertising - 0.03%
	195,000	Clear Channel Outdoor Holdings, Inc.(f)	7.50%	06/01/2029	$	140,796
	300,000	Interpublic Group of Cos., Inc.	5.40%	10/01/2048		293,075
						433,871
Aerospace/Defense - 0.21%
	555,000	Boeing Co.	2.95%	02/01/2030		462,366
	290,000	Boeing Co.	3.75%	02/01/2050		205,186
	665,000	Northrop Grumman Corp.	5.15%	05/01/2040		674,663
	590,000	Raytheon Technologies Corp.	3.03%	03/15/2052		440,654
	220,000	TransDigm, Inc.(f)	6.25%	03/15/2026		212,747

Principal Amount/Description			Rate	Maturity	Value
$	145,000	TransDigm, Inc.	5.50%	11/15/2027	$	123,495
	1,115,000	Triumph Group, Inc.(f)	6.25%	09/15/2024		995,996
	280,000	Triumph Group, Inc.	7.75%	08/15/2025		215,991
						3,331,098
Agriculture - 0.08%
	1,095,000	BAT Capital Corp.	3.46%	09/06/2029		939,567
	321,693	Pyxus Holdings, Inc.	10.00%	08/24/2024		268,276
						1,207,843
Airlines - 0.08%
	660,000	American Airlines, Inc./AAdvantage Loyalty IP, Ltd.(f)	5.75%	04/20/2029		565,732
	440,000	Southwest Airlines Co.	4.75%	05/04/2023		443,677
	197,222	United Airlines 2016-1 Class B Pass Through Trust	3.65%	01/07/2026		181,746
	130,000	United Airlines, Inc.(f)	4.63%	04/15/2029		110,720
						1,301,875
Auto Manufacturers - 0.16%
	240,000	Ford Motor Co.	3.25%	02/12/2032		180,330
	575,000	General Motors Financial Co., Inc.	2.40%	10/15/2028		478,039
	585,000	General Motors Financial Co., Inc.	3.10%	01/12/2032		470,720
	850,000	Hyundai Capital America(f)	2.65%	02/10/2025		811,595
	125,000	Hyundai Capital America(f)	1.80%	10/15/2025		114,465
	555,000	Volkswagen Group of America Finance LLC(f)	4.25%	11/13/2023		555,336
						2,610,485
Auto Parts & Equipment - 0.13%
	115,000	American Axle & Manufacturing, Inc.	5.00%	10/01/2029		93,577
	1,115,000	Dealer Tire LLC / DT Issuer LLC(f)	8.00%	02/01/2028		964,709
	225,000	Goodyear Tire & Rubber Co.	5.25%	07/15/2031		181,201
	1,179,000	Wheel Pros, Inc.(f)	6.50%	05/15/2029		834,785
						2,074,272
Banks - 0.50%
	225,000	Bank of America Corp.(e)	1D US SOFR + 1.11%	04/25/2025		224,061
	395,000	Bank of America Corp.(e)	1D US SOFR + 1.21%	10/20/2032		326,211
	980,000	Bank of America Corp.(e)	5Y US TI + 2.48%	09/21/2036		761,162
	1,015,000	Citigroup, Inc.(e)	3M US L + 1.10%	05/17/2024		1,006,690
	205,000	Citigroup, Inc.(e)	1D US SOFR + 0.694%	01/25/2026		192,283
	195,000	Citigroup, Inc.(e)	1D US SOFR + 1.28%	02/24/2028		181,030
	985,000	Goldman Sachs Group, Inc.(e)	3M US L + 1.17%	05/15/2026		962,237
	365,000	Goldman Sachs Group, Inc.(e)	1D US SOFR + 0.82%	09/10/2027		346,659
	260,000	JPMorgan Chase & Co.(e)	1D US SOFR + 0.915%	02/24/2026		247,424
	370,000	JPMorgan Chase & Co.(e)	1D SOFR + 1.02%	06/01/2029		318,543
	565,000	JPMorgan Chase & Co.(e)	1D US SOFR + 2.04%	04/22/2031		481,724
	485,000	JPMorgan Chase & Co.(e)	1D US SOFR + 1.25%	04/22/2032		408,501
	470,000	JPMorgan Chase & Co.(e)	1D US SOFR + 1.26%	01/25/2033		403,793
	310,000	Morgan Stanley(e)	1D US SOFR + 1.61%	04/20/2028		303,369

Principal Amount/Description			Rate	Maturity	Value
$	145,000	Morgan Stanley(e)	1D US SOFR + 1.29%	01/21/2033	$	124,423
	980,000	Morgan Stanley(e)	1D SOFR + 2.48%	09/16/2036		754,578
	220,000	Santander Holdings USA, Inc.(e)	1D US SOFR + 1.249%	01/06/2028		194,346
	370,000	Wells Fargo & Co.(e)	3M US L + 1.17%	06/17/2027		350,923
	390,000	Wells Fargo & Co.(e)	1D US SOFR + 1.43%	10/30/2030		343,281
						7,931,238
Beverages - 0.13%
	950,000	Anheuser-Busch InBev Worldwide, Inc.	4.60%	04/15/2048		855,014
	250,000	Constellation Brands, Inc.	3.15%	08/01/2029		225,258
	290,000	Constellation Brands, Inc.	2.88%	05/01/2030		252,566
	535,000	Keurig Dr Pepper, Inc.	3.80%	05/01/2050		425,964
	490,000	Triton Water Holdings, Inc.(f)	6.25%	04/01/2029		348,713
						2,107,515
Biotechnology - 0.05%
	360,000	Illumina, Inc.	0.55%	03/23/2023		352,533
	605,000	Royalty Pharma PLC	3.30%	09/02/2040		447,828
						800,361
Building Materials - 0.08%
	130,000	Builders FirstSource, Inc.(f)	6.38%	06/15/2032		116,308
	850,000	Carrier Global Corp.	3.38%	04/05/2040		667,771
	130,000	Griffon Corp.	5.75%	03/01/2028		118,373
	465,000	Owens Corning	4.40%	01/30/2048		385,389
						1,287,841
Chemicals - 0.14%
	455,000	ASP Unifrax Holdings, Inc.(f)	7.50%	09/30/2029		316,668
	460,000	CF Industries, Inc.	5.38%	03/15/2044		429,715
	140,000	CVR Partners LP / CVR Nitrogen Finance Corp.(f)	6.13%	06/15/2028		125,371
	780,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.(f)	9.00%	07/01/2028		617,218
	250,000	Sherwin-Williams Co.	2.90%	03/15/2052		170,820
	500,000	Vibrantz Technologies, Inc.(f)	9.00%	02/15/2030		353,172
	290,000	WR Grace Holdings LLC(f)	5.63%	08/15/2029		214,238
						2,227,202
Coal - 0.01%
	180,000	SunCoke Energy, Inc.(f)	4.88%	06/30/2029		144,078
Commercial Services - 0.11%
	90,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(f)	6.63%	07/15/2026		82,761
	175,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(f)	9.75%	07/15/2027		148,585
	275,000	Metis Merger Sub LLC(f)	6.50%	05/15/2029		218,976
	120,000	NESCO Holdings II, Inc.(f)	5.50%	04/15/2029		100,852
	410,000	PECF USS Intermediate Holding III Corp.(f)	8.00%	11/15/2029		325,499
	335,000	Sabre GLBL, Inc.(f)	7.38%	09/01/2025		311,367
	175,000	Triton Container International, Ltd.(f)	1.15%	06/07/2024		163,957
	330,000	Triton Container International, Ltd. / TAL International Container Corp.	3.25%	03/15/2032		269,248
	170,000	WASH Multifamily Acquisition, Inc.(f)	5.75%	04/15/2026		160,515
						1,781,760

Principal Amount/Description			Rate	Maturity	Value
Computers - 0.09%
$	520,000	Fortinet, Inc.	1.00%	03/15/2026	$	457,825
	465,000	NetApp, Inc.	1.88%	06/22/2025		434,194
	700,000	Virtusa Corp.(f)	7.13%	12/15/2028		563,727
						1,455,746
Containers and Packaging - 0.03%
	500,000	Packaging Corp. of America	3.40%	12/15/2027		482,768
Cosmetics/Personal Care - 0.01%
	125,000	Coty, Inc.(f)	6.50%	04/15/2026		115,427
	130,000	Coty, Inc.(f)	5.00%	04/15/2026		119,341
						234,768
Distribution/Wholesale - 0.01%
	180,000	BCPE Empire Holdings, Inc.(f)	7.63%	05/01/2027		146,786
Diversified Financial Services - 0.33%
	300,000	Air Lease Corp.	1.88%	08/15/2026		259,738
	835,000	Air Methods Corp.(f)	8.00%	05/15/2025		548,111
	465,000	Aircastle, Ltd.(f)	2.85%	01/26/2028		384,822
	735,000	Aviation Capital Group LLC(f)	1.95%	09/20/2026		625,144
	1,060,000	Discover Financial Services	4.10%	02/09/2027		1,017,509
	95,000	Nasdaq, Inc.	3.95%	03/07/2052		77,426
	385,000	Nationstar Mortgage Holdings, Inc.(f)	5.75%	11/15/2031		295,276
	95,000	Navient Corp.	5.00%	03/15/2027		78,278
	110,000	NFP Corp.(f)	6.88%	08/15/2028		91,065
	245,000	OneMain Finance Corp.	6.63%	01/15/2028		219,408
	305,000	PennyMac Financial Services, Inc.(f)	4.25%	02/15/2029		224,738
	775,000	Synchrony Financial	3.95%	12/01/2027		707,212
	925,000	Western Union Co.	2.75%	03/15/2031		759,307
						5,288,034
Electric - 0.63%
	515,000	Berkshire Hathaway Energy Co.(f)	4.60%	05/01/2053		494,692
	155,000	Calpine Corp.(f)	5.13%	03/15/2028		136,826
	35,000	Calpine Corp.(f)	4.63%	02/01/2029		29,177
	80,000	Duke Energy Carolinas LLC	2.85%	03/15/2032		71,085
	735,000	Duke Energy Corp.	3.95%	08/15/2047		598,199
	255,000	Entergy Corp.	2.80%	06/15/2030		218,975
	1,000,000	Exelon Corp.	4.05%	04/15/2030		960,627
	130,000	Exelon Corp.(f)	4.10%	03/15/2052		112,397
	480,000	Georgia Power Co.	2.20%	09/15/2024		463,776
	1,080,000	Georgia Power Co.	3.25%	03/15/2051		795,380
	1,100,000	ITC Holdings Corp.	3.25%	06/30/2026		1,058,620
	550,000	Mercury Chile Holdco LLC(f)	6.50%	01/24/2027		477,631
	275,000	Monongahela Power Co.(f)	5.40%	12/15/2043		272,403
	750,000	NextEra Energy Capital Holdings, Inc.	2.25%	06/01/2030		630,520
	105,000	NextEra Energy Capital Holdings, Inc.	5.00%	07/15/2032		107,670
	310,000	NRG Energy, Inc.(f)	2.00%	12/02/2025		281,010
	215,000	NRG Energy, Inc.(f)	3.63%	02/15/2031		169,022
	685,000	Pacific Gas and Electric Co.	1.37%	03/10/2023		674,735
	560,000	Pacific Gas and Electric Co.	2.50%	02/01/2031		428,876
	410,000	Pike Corp.(f)	5.50%	09/01/2028		333,445
	365,000	Southern Co.(e)	5Y US TI + 2.915%	09/15/2051		311,042
	300,000	Southwestern Electric Power Co.	3.25%	11/01/2051		222,655
	1,000,000	Virginia Electric and Power Co.	3.50%	03/15/2027		977,225

Principal Amount/Description			Rate	Maturity	Value
$	195,000	Virginia Electric and Power Co.	3.75%	05/15/2027	$	193,156
						10,019,144
Electrical Components & Equipment - 0.01%
	175,000	Energizer Holdings, Inc.(f)	4.75%	06/15/2028		139,144
Electronics - 0.04%
	435,000	Arrow Electronics, Inc.	3.88%	01/12/2028		414,289
	295,000	Vontier Corp.	2.40%	04/01/2028		248,754
						663,043
Engineering & Construction - 0.01%
	265,000	Artera Services LLC(f)	9.03%	12/04/2025		214,239
Entertainment - 0.16%
	260,000	Boyne USA, Inc.(f)	4.75%	05/15/2029		225,553
	265,000	Cedar Fair LP	5.25%	07/15/2029		234,073
	135,000	Lions Gate Capital Holdings LLC(f)	5.50%	04/15/2029		105,693
	235,000	Live Nation Entertainment, Inc.(f)	4.75%	10/15/2027		209,035
	515,000	Magallanes, Inc.(f)	3.76%	03/15/2027		483,506
	270,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.(f)	4.88%	05/01/2029		220,491
	600,000	Premier Entertainment Sub LLC(f)	5.63%	09/01/2029		428,088
	455,000	Premier Entertainment Sub LLC(f)	5.88%	09/01/2031		316,406
	265,000	Scientific Games Holdings LP/Scientific Games US FinCo, Inc.(f)	6.63%	03/01/2030		225,666
	135,000	Scientific Games International, Inc.(f)	7.25%	11/15/2029		126,791
						2,575,302
Environmental Control - 0.01%
	180,000	Madison IAQ LLC(f)	4.13%	06/30/2028		148,938
Food - 0.16%
	160,000	Performance Food Group, Inc.(f)	5.50%	10/15/2027		148,400
	140,000	Performance Food Group, Inc.(f)	4.25%	08/01/2029		117,177
	180,000	Post Holdings, Inc.(f)	4.63%	04/15/2030		152,183
	869,000	Smithfield Foods, Inc.(f)	4.25%	02/01/2027		837,833
	65,000	Smithfield Foods, Inc.(f)	3.00%	10/15/2030		53,961
	810,000	Sysco Corp.	3.30%	02/15/2050		605,784
	70,000	Sysco Corp.	3.15%	12/14/2051		50,210
	270,000	United Natural Foods, Inc.(f)	6.75%	10/15/2028		252,704
	295,000	US Foods, Inc.(f)	4.63%	06/01/2030		249,088
						2,467,340
Food Service - 0.03%
	585,000	TKC Holdings, Inc.(f)	10.50%	05/15/2029		479,525
Healthcare-Products - 0.07%
	300,000	Medline Borrower LP(f)	5.25%	10/01/2029		247,326
	880,000	Thermo Fisher Scientific, Inc.	1.22%	10/18/2024		834,673
						1,081,999
Healthcare-Services - 0.27%
	785,000	Centene Corp.	2.50%	03/01/2031		625,551
	155,000	CHS/Community Health Systems, Inc.(f)	6.00%	01/15/2029		128,630
	705,000	CHS/Community Health Systems, Inc.(f)	6.88%	04/15/2029		456,777
	355,000	Elevance Health, Inc.	2.38%	01/15/2025		342,191
	135,000	Elevance Health, Inc.	4.55%	05/15/2052		127,293
	455,000	HCA, Inc.	4.13%	06/15/2029		415,298

Principal Amount/Description			Rate	Maturity	Value
$	320,000	Health Care Service Corp. A Mutual Legal Reserve Co.(f)	3.20%	06/01/2050	$	241,302
	85,000	Legacy LifePoint Health LLC(f)	6.75%	04/15/2025		82,286
	205,000	Legacy LifePoint Health LLC(f)	4.38%	02/15/2027		175,914
	75,000	ModivCare Escrow Issuer, Inc.(f)	5.00%	10/01/2029		60,685
	915,000	Radiology Partners, Inc.(f)	9.25%	02/01/2028		688,519
	305,000	RP Escrow Issuer LLC(f)	5.25%	12/15/2025		264,084
	155,000	Select Medical Corp.(f)	6.25%	08/15/2026		144,999
	190,000	Tenet Healthcare Corp.(f)	6.13%	10/01/2028		163,185
	165,000	Tenet Healthcare Corp.(f)	6.13%	06/15/2030		152,717
	190,000	UnitedHealth Group, Inc.	4.95%	05/15/2062		193,034
						4,262,465
Housewares - 0.04%
	945,000	SWF Escrow Issuer Corp.(f)	6.50%	10/01/2029		636,859
Insurance - 0.23%
	130,000	Alliant Holdings Intermediate LLC(f)	6.75%	10/15/2027		115,702
	230,000	AmWINS Group, Inc.(f)	4.88%	06/30/2029		188,642
	955,000	Athene Global Funding(e)(f)	SOFRINDX + 0.56%	08/19/2024		926,734
	330,000	Berkshire Hathaway Finance Corp.	2.85%	10/15/2050		238,050
	180,000	Berkshire Hathaway Finance Corp.	3.85%	03/15/2052		154,426
	150,000	Brighthouse Financial Global Funding(f)	1.00%	04/12/2024		141,711
	260,000	Brighthouse Financial Global Funding(f)	2.00%	06/28/2028		224,635
	160,000	GTCR AP Finance, Inc.(f)	8.00%	05/15/2027		149,990
	435,000	Massachusetts Mutual Life Insurance Co.(f)	3.20%	12/01/2061		298,288
	460,000	Prudential Financial, Inc.	3.91%	12/07/2047		397,570
	775,000	Willis North America, Inc.	4.50%	09/15/2028		744,722
						3,580,470
Internet - 0.13%
	1,490,000	Endurance International Group Holdings, Inc.(f)	6.00%	02/15/2029		1,077,525
	235,000	Expedia Group, Inc.	5.00%	02/15/2026		235,260
	460,000	Expedia Group, Inc.	3.80%	02/15/2028		419,673
	215,000	Expedia Group, Inc.	2.95%	03/15/2031		171,235
	135,000	Uber Technologies, Inc.(f)	4.50%	08/15/2029		111,291
						2,014,984
Investment Companies - 0.53%
	430,000	Ares Capital Corp.	2.15%	07/15/2026		360,928
	105,000	Ares Capital Corp.	2.88%	06/15/2028		83,280
	240,000	Blackstone Private Credit Fund(f)	2.63%	12/15/2026		201,261
	470,000	Blackstone Secured Lending Fund(f)	2.85%	09/30/2028		379,485
	5,000,000	Business Development Corp. of America(f)	5.38%	05/30/2023		4,955,366
	180,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp.	5.25%	05/15/2027		159,839
	435,000	Owl Rock Capital Corp.	2.63%	01/15/2027		364,814
	2,000,000	OWL Rock Core Income Corp.(f)	4.70%	02/08/2027		1,826,023
						8,330,996
Leisure Time - 0.06%
	135,000	Carnival Corp.(f)	7.63%	03/01/2026		104,878
	685,000	Carnival Corp.(f)	5.75%	03/01/2027		497,111
	140,000	NCL Corp., Ltd.(f)	5.88%	02/15/2027		119,963

Principal Amount/Description			Rate	Maturity	Value
$	340,000	Viking Cruises, Ltd.(f)	5.88%	09/15/2027	$	254,471
						976,423
Lodging - 0.06%
	520,000	Marriott International, Inc.	3.13%	06/15/2026		496,874
	585,000	Marriott International, Inc.	2.75%	10/15/2033		460,788
						957,662
Machinery-Diversified - 0.03%
	580,000	Flowserve Corp.	2.80%	01/15/2032		457,531
Media - 0.24%
	135,000	CCO Holdings LLC(f)	4.25%	01/15/2034		104,757
	140,000	CCO Holdings LLC / CCO Holdings Capital Corp.(f)	4.75%	02/01/2032		114,982
	970,000	Cengage Learning, Inc.(f)	9.50%	06/15/2024		898,637
	395,000	Charter Communications Operating LLC / Charter Communications Operating Capital	4.91%	07/23/2025		396,452
	495,000	Charter Communications Operating LLC / Charter Communications Operating Capital	3.50%	03/01/2042		344,289
	260,000	Comcast Corp.	3.95%	10/15/2025		261,393
	510,000	Comcast Corp.	3.40%	04/01/2030		478,980
	120,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.(f)	5.88%	08/15/2027		102,757
	145,000	DISH DBS Corp.(f)	5.75%	12/01/2028		107,631
	105,000	DISH DBS Corp.	5.13%	06/01/2029		64,134
	130,000	GCI LLC(f)	4.75%	10/15/2028		112,825
	740,000	McGraw-Hill Education, Inc.(f)	5.75%	08/01/2028		635,064
	85,000	News Corp.(f)	5.13%	02/15/2032		75,429
	190,000	Scripps Escrow, Inc.(f)	5.88%	07/15/2027		166,580
						3,863,910
Mining - 0.11%
	220,000	Arconic Corp.(f)	6.13%	02/15/2028		205,888
	50,000	Freeport-McMoRan, Inc.	4.38%	08/01/2028		46,767
	300,000	Freeport-McMoRan, Inc.	4.63%	08/01/2030		278,847
	480,000	Freeport-McMoRan, Inc.	5.45%	03/15/2043		445,094
	500,000	Glencore Funding LLC(f)	1.63%	04/27/2026		442,931
	365,000	Glencore Funding LLC(f)	3.38%	09/23/2051		249,588
						1,669,115
Miscellaneous Manufactur - 0.02%
	240,000	Parker-Hannifin Corp.	4.25%	09/15/2027		238,508
Oil & Gas - 0.41%
	360,000	BP Capital Markets America, Inc.	2.94%	06/04/2051		258,190
	475,000	BP Capital Markets America, Inc.	3.00%	03/17/2052		343,226
	905,000	Brooklyn Union Gas Co.(f)	4.49%	03/04/2049		770,510
	165,000	Callon Petroleum Co.(f)	7.50%	06/15/2030		152,077
	165,000	Chesapeake Energy Corp.(f)	5.88%	02/01/2029		155,908
	170,000	CNX Resources Corp.(f)	6.00%	01/15/2029		159,122
	420,000	Continental Resources, Inc.(f)	2.27%	11/15/2026		373,147
	95,000	East Ohio Gas Co.(f)	3.00%	06/15/2050		68,778
	450,000	Exxon Mobil Corp.	4.23%	03/19/2040		426,144
	260,000	Halliburton Co.	2.92%	03/01/2030		229,875
	140,000	Hilcorp Energy I LP / Hilcorp Finance Co.(f)	6.25%	11/01/2028		132,212
	155,000	Hilcorp Energy I LP / Hilcorp Finance Co.(f)	5.75%	02/01/2029		136,383

Principal Amount/Description			Rate	Maturity	Value
$	250,000	Kosmos Energy, Ltd.(d)	7.50%	03/01/2028	$	207,633
	385,000	Marathon Petroleum Corp.	5.13%	12/15/2026		394,579
	750,000	NiSource, Inc.	3.60%	05/01/2030		687,876
	115,000	Occidental Petroleum Corp.	6.63%	09/01/2030		118,659
	130,000	Occidental Petroleum Corp.	6.13%	01/01/2031		132,031
	95,000	Occidental Petroleum Corp.	6.45%	09/15/2036		97,605
	170,000	Pioneer Natural Resources Co.	1.90%	08/15/2030		139,010
	700,000	SierraCol Energy Andina LLC(f)	6.00%	06/15/2028		512,053
	300,000	SierraCol Energy Andina LLC(d)	6.00%	06/15/2028		219,452
	140,000	Southwestern Energy Co.	5.38%	02/01/2029		130,126
	160,000	Southwestern Energy Co.	4.75%	02/01/2032		137,110
	110,000	Sunoco LP / Sunoco Finance Corp.	6.00%	04/15/2027		105,067
	215,000	Sunoco LP / Sunoco Finance Corp.	4.50%	05/15/2029		177,637
	61,000	Transocean, Inc.(f)	11.50%	01/30/2027		57,336
	220,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		195,557
						6,517,303
Oil & Gas Services - 0.01%
	150,000	Weatherford International, Ltd.(f)	6.50%	09/15/2028		134,893
Packaging & Containers - 0.09%
	325,000	Berry Global, Inc.	1.65%	01/15/2027		284,749
	195,000	Clydesdale Acquisition Holdings, Inc.(f)	6.63%	04/15/2029		183,508
	926,000	WRKCo, Inc.	3.75%	03/15/2025		918,645
						1,386,902
Pharmaceuticals - 0.14%
	935,000	AbbVie, Inc.	4.70%	05/14/2045		882,139
	260,000	AdaptHealth LLC(f)	5.13%	03/01/2030		219,499
	100,000	Bausch Health Cos., Inc.(f)	6.13%	02/01/2027		85,180
	90,000	Bausch Health Cos., Inc.(f)	6.25%	02/15/2029		48,150
	455,000	CVS Health Corp.	5.05%	03/25/2048		436,203
	200,000	Owens & Minor, Inc.(f)	6.63%	04/01/2030		182,942
	315,000	Viatris, Inc.	1.65%	06/22/2025		285,477
						2,139,590
Pipelines - 0.42%
	73,000	Antero Midstream Partners LP / Antero Midstream Finance Corp.(f)	5.75%	03/01/2027		68,013
	495,000	Energy Transfer LP	4.75%	01/15/2026		493,771
	1,000,000	Energy Transfer LP	3.90%	07/15/2026		962,298
	290,000	Energy Transfer LP	4.40%	03/15/2027		281,177
	525,000	Energy Transfer LP	5.00%	05/15/2044		439,307
	220,000	EQM Midstream Partners LP(f)	4.75%	01/15/2031		176,080
	320,000	Hess Midstream Operations LP(f)	5.13%	06/15/2028		287,808
	275,000	Hess Midstream Operations LP(f)	4.25%	02/15/2030		230,821
	738,000	Kinder Morgan Energy Partners LP	6.95%	01/15/2038		795,973
	1,925,000	NGL Energy Operating LLC / NGL Energy Finance Corp.(f)	7.50%	02/01/2026		1,739,286
	205,000	NGPL PipeCo LLC(f)	3.25%	07/15/2031		171,026
	270,000	NuStar Logistics LP	6.38%	10/01/2030		235,018
	255,000	ONEOK, Inc.	3.40%	09/01/2029		225,358
	345,000	Sabine Pass Liquefaction LLC	5.00%	03/15/2027		346,538
	270,000	Williams Cos., Inc.	3.50%	10/15/2051		201,470
						6,653,944
Real Estate - 0.01%
	110,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(f)	5.75%	01/15/2029		83,600

Principal Amount/Description			Rate	Maturity	Value
$	145,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(f)	5.25%	04/15/2030	$	107,685
						191,285
REITS - 0.35%
	165,000	Agree LP	2.60%	06/15/2033		130,958
	370,000	Alexandria Real Estate Equities, Inc.	3.00%	05/18/2051		249,479
	280,000	Corporate Office Properties LP	2.90%	12/01/2033		217,321
	800,000	Crown Castle International Corp.	3.70%	06/15/2026		772,896
	515,000	Crown Castle International Corp.	3.65%	09/01/2027		488,201
	680,000	Crown Castle International Corp.	3.30%	07/01/2030		600,380
	565,000	Equinix, Inc.	1.80%	07/15/2027		490,752
	1,000,000	Equinix, Inc.	2.15%	07/15/2030		809,936
	545,000	Host Hotels & Resorts LP	2.90%	12/15/2031		433,339
	390,000	Invitation Homes Operating Partnership LP	2.70%	01/15/2034		300,638
	250,000	Iron Mountain, Inc.(f)	4.50%	02/15/2031		205,000
	80,000	Office Properties Income Trust	2.65%	06/15/2026		68,084
	435,000	Office Properties Income Trust	2.40%	02/01/2027		355,802
	140,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(f)	4.88%	05/15/2029		120,442
	90,000	Sabra Health Care LP	3.20%	12/01/2031		71,525
	210,000	Vornado Realty LP	2.15%	06/01/2026		187,361
						5,502,114
Retail - 0.30%
	480,000	AutoNation, Inc.	3.85%	03/01/2032		414,168
	900,000	Dick's Sporting Goods, Inc.	3.15%	01/15/2032		712,086
	240,000	Dick's Sporting Goods, Inc.	4.10%	01/15/2052		159,879
	800,000	Dollar Tree, Inc.	4.00%	05/15/2025		795,729
	90,000	Dollar Tree, Inc.	3.38%	12/01/2051		64,074
	120,000	Ferrellgas LP / Ferrellgas Finance Corp.(f)	5.38%	04/01/2026		104,364
	240,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.(f)	6.75%	01/15/2030		184,891
	480,000	McDonald's Corp.	4.45%	03/01/2047		445,924
	150,000	Michaels Cos., Inc.(f)	5.25%	05/01/2028		118,198
	190,000	Park River Holdings, Inc.(f)	5.63%	02/01/2029		118,679
	945,000	PetSmart, Inc. / PetSmart Finance Corp.(f)	7.75%	02/15/2029		853,103
	290,000	Sonic Automotive, Inc.(f)	4.63%	11/15/2029		225,085
	190,000	SRS Distribution, Inc.(f)	4.63%	07/01/2028		166,552
	115,000	Staples, Inc.(f)	7.50%	04/15/2026		95,669
	255,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.(f)	5.00%	06/01/2031		217,252
	145,000	Victoria's Secret & Co.(f)	4.63%	07/15/2029		109,458
						4,785,111
Semiconductors - 0.09%
	829,000	Broadcom, Inc.(f)	3.42%	04/15/2033		686,428
	770,000	Marvell Technology, Inc.	4.20%	06/22/2023		769,131
						1,455,559
Software - 0.18%
	1,550,000	Castle US Holding Corp.(f)	9.50%	02/15/2028		1,325,689
	140,000	Clarivate Science Holdings Corp.(f)	4.88%	07/01/2029		115,362
	225,217	CWT Travel Group, Inc.(f)	8.50%	11/19/2026		203,540
	200,000	Minerva Merger Sub, Inc.(f)	6.50%	02/15/2030		166,909
	735,000	Oracle Corp.	3.85%	04/01/2060		505,299

Principal Amount/Description			Rate	Maturity	Value
$	525,000	VMware, Inc.	2.20%	08/15/2031	$	413,948
	195,000	Workday, Inc.	3.70%	04/01/2029		182,590
						2,913,337
Telecommunications - 0.40%
	500,000	AT&T, Inc.	4.30%	02/15/2030		488,349
	275,000	AT&T, Inc.	2.75%	06/01/2031		237,734
	1,245,000	AT&T, Inc.	3.50%	09/15/2053		945,808
	500,000	AT&T, Inc.	3.55%	09/15/2055		375,452
	175,000	CommScope, Inc.(f)	4.75%	09/01/2029		141,662
	1,675,000	Embarq Corp Eq	8.00%	06/01/2036		1,261,585
	45,000	Frontier Communications Holdings LLC(f)	5.88%	10/15/2027		40,577
	85,000	Frontier Communications Holdings LLC(f)	5.00%	05/01/2028		72,442
	150,000	Frontier Communications Holdings LLC(f)	6.00%	01/15/2030		115,834
	160,000	Lumen Technologies, Inc.(f)	5.13%	12/15/2026		135,008
	510,000	T-Mobile USA, Inc.	2.25%	02/15/2026		459,894
	125,000	T-Mobile USA, Inc.	3.38%	04/15/2029		109,738
	25,000	T-Mobile USA, Inc.(f)	3.38%	04/15/2029		21,948
	1,000,000	T-Mobile USA, Inc.	3.88%	04/15/2030		934,194
	475,000	T-Mobile USA, Inc.(f)	3.40%	10/15/2052		351,843
	500,000	Verizon Communications, Inc.	3.15%	03/22/2030		455,120
	145,000	Verizon Communications, Inc.	3.88%	03/01/2052		121,843
						6,269,031
Transportation - 0.11%
	1,030,000	CSX Corp.	3.80%	11/01/2046		875,143
	355,000	FedEx Corp.	4.75%	11/15/2045		326,117
	500,000	Union Pacific Corp.	3.70%	03/01/2029		486,172
						1,687,432
Trucking & Leasing - 0.03%
	450,000	Penske Truck Leasing Co. LP / PTL Finance Corp.(f)	4.20%	04/01/2027		439,299
TOTAL U.S. CORPORATE BONDS
(Cost $140,359,593)						119,700,938
CONVERTIBLE CORPORATE BONDS - 0.00%(i)
	95,548	Digicel Group Holdings, Ltd.(a)(f)(g)	5.09% (7.00%)	12/31/2049	$	44,669
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $20,041)						44,669
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.78%
	400,000	Brazilian Government International Bond	3.75%	09/12/2031	$	326,622
	400,000	Brazilian Government International Bond	5.63%	02/21/2047		309,118
	1,150,000	Brazilian Government International Bond	4.75%	01/14/2050		782,611
	200,000	Chile Government International Bond	2.55%	01/27/2032		170,292
	300,000	Chile Government International Bond	3.50%	01/25/2050		230,286
	500,000	Chile Government International Bond	3.10%	01/22/2061		339,296

Principal Amount/Description			Rate	Maturity	Value
$	600,000	Colombia Government International Bond	3.25%	04/22/2032	$	435,052
	200,000	Colombia Government International Bond	4.13%	02/22/2042		124,765
	1,100,000	Colombia Government International Bond	5.00%	06/15/2045		739,255
	300,000	Colombia Government International Bond	5.20%	05/15/2049		204,240
	600,000	Colombia Government International Bond	4.13%	05/15/2051		360,865
	500,000	Dominican Republic International Bond(f)	6.00%	02/22/2033		417,780
	600,000	Dominican Republic International Bond(f)	6.40%	06/05/2049		449,720
	250,000	Dominican Republic International Bond(d)	5.88%	01/30/2060		171,691
	200,000	Indonesia Government International Bond	2.15%	07/28/2031		164,782
	500,000	Indonesia Government International Bond	3.70%	10/30/2049		403,735
	400,000	Instituto Costarricense de Electricidad(d)	6.38%	05/15/2043		296,154
	200,000	Korea Development Bank	1.63%	01/19/2031		170,179
	250,000	Korea Development Bank	2.00%	10/25/2031		213,852
	1,360,000	Mexico Government International Bond	3.75%	01/11/2028		1,305,223
	500,000	Mexico Government International Bond	2.66%	05/24/2031		412,739
	750,000	Mexico Government International Bond	4.28%	08/14/2041		594,626
	500,000	Mexico Government International Bond	4.40%	02/12/2052		377,641
	600,000	Panama Government International Bond	2.25%	09/29/2032		469,294
	500,000	Panama Government International Bond	3.87%	07/23/2060		354,917
	350,000	Philippine Government International Bond	1.65%	06/10/2031		281,720
	550,000	Philippine Government International Bond	3.70%	03/01/2041		458,727
	200,000	Philippine Government International Bond	3.70%	02/02/2042		165,645
	200,000	Republic of South Africa Government International Bond	4.30%	10/12/2028		171,344
	900,000	Republic of South Africa Government International Bond	5.65%	09/27/2047		616,815
	300,000	Saudi Government International Bond(d)	2.25%	02/02/2033		249,975
	360,000	U.S Treasury Bill(h)	0.00%	04/20/2023		352,583
	800,000	Ukraine Government International Bond(d)	7.25%	03/15/2033		201,002
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $16,176,136)						12,322,546

Principal Amount/Description			Rate	Maturity	Value
BANK LOANS - 2.31%(e)
Cayman Islands - 0.06%
$	1,022,038	Grab Holdings, Inc., First Lien  - Initial Term Loan	3M US L + 4.50%, 1.00% Floor	01/29/2026	$	937,720
India - 0.02%
	438,900	Ola Singapore/OLA Netherlands 12/21 TL, First Lien  - Initial Term Loan	1M US L + 6.25%	12/03/2026		375,992
Ireland - 0.02%
	368,968	ION Trading Finance, Ltd., First Lien  - Initial Dollar (2021) Term Loan	3M US L + 4.75%	04/01/2028		341,412
Luxembourg - 0.15%
	2,262,880	Travelport Finance Luxembourg SARL 1L, 2021, First Lien  - Initial (Priority) Term Loan	3M US L + 8.75%, 1.00% Floor	02/28/2025		2,244,494
	213,349	Travelport Finance S.a r.l., First Lien  - 2021 Consented Term Loan	3M US L + 6.75%	05/29/2026		166,613
						2,411,107
Netherlands - 0.04%
	1,232,327	Bright Bidco B.V., First Lien  - 2018 Refinancing B Term Loan	3M US L + 3.50%, 1.00% Floor	06/30/2024		551,023
	5,736	Lealand Finance Company B.V., First Lien  - Make-Whole Term Loan	3M US L + 3.00%	06/28/2024		3,728
	75,315	Lealand Finance Company B.V., First Lien  - Take-Back Term Loan	3M US L + 1.00%	06/30/2025		38,631
						593,382
Singapore - 0.07%
	1,220,380	LLPL Capital Pte, Ltd.(d)	6.88%	02/04/2039		1,137,638
United Arab Emirates - 0.04%
	786,105	Gulf Finance, LLC TL 1L	1M US L + 6.75%	08/25/2026		587,126
United States - 1.91%
	322,561	Aegion Corp., First Lien  - Initial Term Loan	3M US L + 4.75%, 0.75% Floor	05/17/2028		295,949
	1,241,077	Air Methods Corp., First Lien  - Initial Term Loan	3M US L + 3.50%, 1.00% Floor	04/22/2024		1,106,110
	920,000	American Tire Distributors, Inc., First Lien  - Initial Term Loan	3M US L + 6.25%	10/08/2028		872,160
	1,975,000	Applied Systems, Inc., Second Lien  - 2021 Term Loan	3M US L + 5.50%, 0.75% Floor	09/19/2025		1,916,984
	1,715,700	Astra Acquisition Corp., First Lien  - Initial Term Loan	3M US L + 5.25%	10/22/2028		1,499,805
	1,990,000	Astra Acquisition Corp., Second Lien  - Initial Term Loan	1M US L + 8.875%	10/22/2029		1,850,700
	295,000	Asurion LLC, Second Lien  - New B-3 Term Loan	1M US L + 5.25%	01/31/2028		253,331
	1,538,375	Atlas Purchaser, Inc., First Lien  - Initial Term Loan	3M US L + 3.00%, 0.75% Floor	05/18/2028		1,276,851
	1,565,000	Aveanna Healthcare LLC, Second Lien  - Initial Term Loan	3M US L + 7.50%, 0.50% Floor	12/10/2029		1,400,675
	200,000	Blackhawk Network Holdings, Inc., Second Lien	1M US L + 7.00%	06/15/2026		196,166

Principal Amount/Description			Rate	Maturity	Value
$	729,465	Cengage Learning, Inc., First Lien - B Term Loan	3M US L + 5.00%	06/29/2026	$	660,166
	2,350,000	Constant Contact, Inc., Second Lien  - Initial Term Loan	3M US L + 7.50%, 0.75% Floor	02/12/2029		2,279,500
	905,000	DCert Buyer, Inc., Second Lien  - First Amendment Refinancing Term Loan	1M US L + 7.00%	02/19/2029		846,175
	760,000	DG Investment Intermediate Holdings 2, Inc., Second Lien  - Initial Term Loan	1M US L + 6.75%, 0.75% Floor	03/30/2029		737,200
	443,367	Edgewater Generation LLC, First Lien	1M US L + 3.75%	12/13/2025		379,689
	1,703,098	Envision Healthcare Corp., First Lien  - Initial Term Loan	1M US L + 3.75%	10/10/2025		579,479
	1,607,885	Envision Healthcare Corp., First Lien  - Series 2020 New Term Loan	1M US L + 3.75%, 1.00% Floor	10/10/2025		552,035
	640,908	Gainwell Acquisition Corp., First Lien  - B Term Loan	3M US L + 4.00%, 0.75% Floor	10/01/2027		607,863
	700,310	Intelsat Jackson Holdings S.A.TLB 1L	3M US L + 4.00%	01/26/2029		644,159
	400,000	Kenan Advantage Group, Inc, Second Lien - Initial Term Loan	1M US L + 7.25%, 0.75% Floor	08/18/2027		366,000
	435,000	LSF9 ATLANTIS HOLDINGS, LLC, First Lien  - B Term Loan	8.00%	03/29/2029		401,070
	826,007	Minotaur Acquisition, Inc., First Lien  - B Term Loan	1M US L + 4.75%	03/27/2026		784,017
	484,909	Misys, Ltd., First Lien  - Dollar Term Loan	3M US L + 3.50%, 1.00% Floor	06/13/2024		438,464
	705,000	Misys, Ltd., Second Lien  - Dollar Term Loan	3M US L + 7.25%, 1.00% Floor	06/13/2025		611,337
	1,018,391	Riverbed Technology, Inc., First Lien  - Initial Term Loan	4M US L + 8.00%	12/06/2026		610,719
	332,037	Sweetwater Borrower, LLC, First Lien - Initial Term Loan	1M US L + 4.25%	08/03/2028		286,382
	966,936	Team Health Holdings, Inc., First Lien  - Initial Term Loan	1M US L + 2.75%, 1.00% Floor	02/06/2024		864,078
	592,025	Think & Learn Private, Ltd., First Lien  - B Term Loan	3M US L + 5.50%	11/05/2026		506,181
	680,000	TIBCO Software, Inc., Second Lien	1M US L + 7.25%	03/04/2028		670,990
	1,748,941	Travel Leaders Group LLC, First Lien  - 2018 Refinancing Term Loan	1M US L + 4.00%	01/25/2024		1,568,582
	1,410,000	UKG, Inc. TL 2L	3M US L + 5.25%	05/03/2027		1,312,005
	1,723,190	Vantage Specialty Chemicals, Inc., First Lien  - Closing Date Term Loan	3M US L + 3.50%, 1.00% Floor	10/28/2024		1,638,108
	686,550	Viad Corp, First Lien  - Initial Term Loan	3M US L + 5.00%, 0.50% Floor	07/30/2028		648,790
	1,561,583	WaterBridge Midstream Operating LLC, First Lien  - Initial Term Loan	3M US L + 5.75%, 1.00% Floor	06/22/2026		1,480,771
						30,142,491
TOTAL BANK LOANS
(Cost $41,060,603)						36,526,868
COLLATERALIZED LOAN OBLIGATIONS - 3.84%
		AIMCO CLO
	500,000	Series 2018-AA(e)(f)	3M US L + 2.55%	04/17/2031	$	458,011

Principal Amount/Description			Rate	Maturity	Value
		AIMCO CLO 10, Ltd.
$	1,000,000	Series 2021-10A(e)(f)	3M US L + 2.90%	07/22/2032	$	931,388
		Apidos CLO XII
	500,000	Series 2018-12A(e)(f)	3M US L + 2.60%	04/15/2031		441,187
		Apidos CLO XX
	500,000	Series 2018-20A(e)(f)	3M US L + 2.95%	07/16/2031		465,233
		Apidos CLO XXIV
	1,000,000	Series 2018-24A(e)(f)	3M US L + 5.80%	10/20/2030		857,779
		Babson CLO, Ltd.
	500,000	Series 2018-IA(e)(f)	3M US L + 2.60%	01/20/2031		443,720
		Bain Capital Credit CLO 2017-2, Ltd.
	500,000	Series 2021-2A(e)(f)	3M US L + 6.50%	07/25/2034		457,918
	1,000,000	Series 2021-2A(e)(f)	3M US L + 3.10%	07/25/2034		942,274
		Bain Capital Credit CLO 2021-2, Ltd.
	500,000	Series 2021-2A(e)(f)	3M US L + 3.15%	07/16/2034		467,363
		Bain Capital Credit CLO 2022-3, Ltd.
	1,000,000	Series 2022-3A(e)(f)	3M US SOFR + 7.35%	07/17/2035		931,510
		Barings CLO, Ltd.
	500,000	Series 2017-1A(e)(f)	3M US L + 3.60%	07/18/2029		485,892
	500,000	Series 2018-4A(e)(f)	3M US L + 5.82%	10/15/2030		413,416
		Barings CLO, Ltd. 2018-III
	1,295,000	Series 2018-3A(e)(f)	3M US L + 5.75%	07/20/2029		1,098,078
		Barings CLO, Ltd. 2019-I
	1,500,000	Series 2021-1A(e)(f)	3M US L + 6.86%	04/15/2036		1,339,102
		Barings CLO, Ltd. 2019-II
	500,000	Series 2021-2A(e)(f)	3M US L + 3.41%	04/15/2036		465,455
		Barings CLO, Ltd. 2021-II
	500,000	Series 2021-2A(e)(f)	3M US L + 3.15%	07/15/2034		467,897
		Beechwood Park CLO, Ltd.
	500,000	Series 2022-1A(e)(f)	3M US SOFR + 6.50%	01/17/2035		446,039
		BlueMountain CLO, Ltd.
	500,000	Series 2018-3A(e)(f)	3M US L + 2.60%	04/20/2031		438,616
		BlueMountain Fuji US CLO II, Ltd.
	1,000,000	Series 2017-2A(e)(f)	3M US L + 3.00%	10/20/2030		879,639
		Canyon Capital CLO 2016-2, Ltd.
	500,000	Series 2018-2A(e)(f)	3M US L + 3.15%	10/15/2031		450,719
		Canyon Capital CLO 2017-1, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 3.00%	07/15/2030		481,242
		Canyon Capital CLO 2019-1, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 7.09%	04/15/2032		444,965
		Canyon Capital CLO 2021-2, Ltd.
	1,250,000	Series 2021-2A(e)(f)	3M US L + 3.35%	04/15/2034		1,165,625
		Canyon Capital CLO, Ltd.
	1,000,000	Series 2018-1A(e)(f)	3M US L + 2.75%	01/30/2031		904,056
	1,500,000	Series 2018-1A(e)(f)	3M US L + 5.50%	01/30/2031		1,218,191
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.75%	07/15/2031		828,329
	500,000	Series 2018-1A(e)(f)	3M US L + 2.80%	07/15/2031		465,681
	500,000	Series 2018-1RA(e)(f)	3M US L + 3.00%	07/15/2030		477,776
		Canyon CLO 2021-3, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 3.05%	07/15/2034		929,324
		Canyon CLO 2021-4, Ltd.
	1,000,000	Series 2021-4A(e)(f)	3M US L + 6.30%	10/15/2034		858,071
		Canyon CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.90%	07/15/2031		446,048

Principal Amount/Description			Rate	Maturity	Value
		Carlyle Global Market Strategies CLO 2016-3, Ltd.
$	1,000,000	Series 2021-3A(e)(f)	3M US L + 3.30%	07/20/2034	$	951,900
		Carlyle Global Market Strategies CLO, Ltd.
	1,000,000	Series 2018-2RA(e)(f)	3M US L + 5.35%	05/15/2031		808,213
		Carlyle US CLO 2020-2, Ltd.
	2,000,000	Series 2021-2A(e)(f)	3M US L + 6.70%	01/25/2035		1,821,114
		Carlyle US CLO 2021-1, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.00%	04/15/2034		425,426
		Chenango Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.00%	04/15/2030		454,293
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.80%	04/15/2030		889,205
		Cook Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.60%	04/17/2030		441,873
		Crown Point CLO IV, Ltd.
	500,000	Series 2018-4A(e)(f)	3M US L + 1.90%	04/20/2031		470,671
		Dryden 57 CLO, Ltd.
	500,000	Series 2018-57A(e)(f)	3M US L + 2.55%	05/15/2031		437,127
		Dryden 60 CLO, Ltd.
	1,000,000	Series 2018-60A(e)(f)	3M US L + 3.00%	07/15/2031		919,081
		Elmwood CLO IX, Ltd.
	500,000	Series 2021-2A(e)(f)	3M US L + 2.94%	07/20/2034		461,115
	500,000	Series 2021-2A(e)(f)	3M US L + 5.94%	07/20/2034		429,441
		Fillmore Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.90%	07/15/2030		462,976
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.40%	07/15/2030		885,207
		Galaxy XIX CLO, Ltd.
	1,300,000	Series 2017-19A(e)(f)	3M US L + 6.53%	07/24/2030		1,124,626
		Gilbert Park CLO, Ltd.
	1,000,000	Series 2017-1A(e)(f)	3M US L + 6.40%	10/15/2030		903,205
		Goldentree Loan Management US CLO, Ltd.
	1,000,000	Series 2018-3A(e)(f)	3M US L + 2.85%	04/20/2030		941,640
		Milos CLO, Ltd.
	500,000	Series 2020-1A(e)(f)	3M US L + 6.15%	10/20/2030		434,231
		Myers Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.05%	10/20/2030		465,705
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.50%	10/20/2030		890,121
		Neuberger Berman Loan Advisers CLO 37, Ltd.
	500,000	Series 2021-37A(e)(f)	3M US L + 5.75%	07/20/2031		453,837
		Neuberger Berman Loan Advisers CLO 42, Ltd.
	500,000	Series 2021-42A(e)(f)	3M US L + 5.95%	07/16/2035		437,013
		Neuberger Berman Loan Advisers Clo 44, Ltd.
	1,000,000	Series 2021-44A(e)(f)	3M US L + 6.00%	10/16/2034		871,726
		Point Au Roche Park CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.13%	07/20/2034		437,773
		PPM CLO 3, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 3.20%	04/17/2034		891,421
		Rockland Park CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.25%	04/20/2034		442,197
		Sound Point CLO XXIII
	500,000	Series 2021-2A(e)(f)	3M US L + 3.30%	07/15/2034		451,019
		Sound Point CLO XXIV
	1,375,000	Series 2021-3A(e)(f)	3M US L + 6.72%	10/25/2034		1,183,685
		Sound Point CLO XXVI, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 3.35%	07/20/2034		452,245

Principal Amount/Description			Rate	Maturity	Value
		Sound Point CLO XXVIII, Ltd.
$	1,000,000	Series 2020-3A(e)(f)	3M US L + 6.90%	01/25/2032	$	905,295
		Sound Point CLO XXXII, Ltd.
	500,000	Series 2021-4A(e)(f)	3M US L + 3.40%	10/25/2034		442,414
	500,000	Series 2021-4A(e)(f)	3M US L + 6.70%	10/25/2034		430,193
		Stewart Park CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.60%	01/15/2030		440,871
		Symphony CLO XVII, Ltd.
	1,500,000	Series 2018-17A(e)(f)	3M US L + 2.65%	04/15/2028		1,453,215
		Thayer Park CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 6.25%	04/20/2034		445,046
		THL Credit Wind River 2017-1 CLO, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 3.91%	04/18/2036		464,496
		THL Credit Wind River 2017-3 CLO, Ltd.
	750,000	Series 2021-3A(e)(f)	3M US L + 3.88%	04/15/2035		705,089
	500,000	Series 2021-3A(e)(f)	3M US L + 7.08%	04/15/2035		456,875
		THL Credit Wind River CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	2.90% - 3M US L	07/15/2030		462,721
	2,000,000	Series 2018-1A(e)(f)	5.50% - 3M US L	07/15/2030		1,747,025
	1,000,000	Series 2018-1A(e)(f)	3M US L + 3.00%	07/18/2031		910,725
	1,000,000	Series 2018-2A(e)(f)	3M US L + 5.75%	07/15/2030		869,241
	1,000,000	Series 2018-3A(e)(f)	3M US L + 6.22%	10/22/2031		842,702
		Unity-Peace Park CLO, Ltd.
	500,000	Series 2022-1A(e)(f)	3M US SOFR + 7.175%	04/20/2035		464,142
		Upland CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.90%	04/20/2031		448,225
		VERDE CLO, Ltd.
	1,000,000	Series 2021-1A(e)(f)	3M US L + 3.25%	04/15/2032		938,614
		VOYA CLO 2017-2
	1,000,000	Series 2017-2A(e)(f)	3M US L + 6.02%	06/07/2030		846,558
		Voya CLO, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 2.80%	04/18/2031		444,209
	1,000,000	Series 2018-2A(e)(f)	3M US L + 2.75%	07/15/2031		876,012
	1,000,000	Series 2018-2A(e)(f)	3M US L + 5.25%	07/15/2031		802,734
	500,000	Series 2018-3A(e)(f)	3M US L + 6.20%	10/20/2031		418,765
	500,000	Series 2018-4A(e)(f)	3M US L + 5.95%	07/14/2031		416,541
		Webster Park CLO, Ltd.
	1,000,000	Series 2018-1A(e)(f)	5.50% - 3M US L	07/20/2030		879,543
		Wind River 2013-1 CLO, Ltd.
	500,000	Series 2017-1A(e)(f)	3M US L + 3.65%	07/20/2030		479,148
		Wind River 2014-3 CLO, Ltd.
	1,500,000	Series 2018-3A(e)(f)	3M US L + 3.40%	10/22/2031		1,375,209
		Wind River 2021-2 CLO, Ltd.
	500,000	Series 2021-2A(e)(f)	3M US L + 6.43%	07/20/2034		446,624
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $67,320,639)						60,750,862
EQUITY - LINKED NOTES - 0.00%(i)
	263,093	Inverpamplona SA (h)(j)	0.00%	12/30/2028		–
TOTAL EQUITY - LINKED NOTES
(Cost $11,250)						–
NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 22.65%
		Aaset 2021-2 Trust
	485,431	Series 2021-2A(f)	3.54%	12/15/2028	$	418,217

Principal Amount/Description			Rate	Maturity	Value
		Aaset Trust
$	401,569	Series 2019-2(f)	3.38%	10/16/2026	$	312,090
		AASET, Ltd.
	445,557	Series 2018-1A(f)	3.84%	09/16/2023		353,455
		ABFC Trust
	2,783,308	Series 2007-WMC1(e)	1M US L + 1.25%	06/25/2037		2,113,952
		Adjustable Rate Mortgage Trust
	2,254,687	Series 2005-10(e)	2.83%	01/25/2036		1,881,568
		Alen Mortgage Trust
	1,107,000	Series 2021-ACEN(e)(f)	1M US L + 4.00%	04/15/2026		1,052,038
		Alternative Loan Trust
	149,145	Series 2005-20CB	5.50%	07/25/2035		124,865
	65,721	Series 2005-54CB	5.50%	11/25/2035		42,806
	705,855	Series 2005-85CB(e)	1M US L + 1.10%	02/25/2036		587,271
	149,065	Series 2005-85CB(e)	21.63% - 3.67 x 1M US L	02/25/2036		137,156
	196,904	Series 2005-86CB	5.50%	02/25/2036		136,885
	167,960	Series 2005-9CB(e)	1M US L + 0.50%	05/25/2035		151,638
	298,297	Series 2005-9CB(e)(l)	5.05% - 1M US L	05/25/2035		13,451
	1,066,632	Series 2006-15CB	6.50%	06/25/2036		615,916
	114,029	Series 2006-30T1	6.25%	11/25/2036		92,633
	103,498	Series 2006-32CB	5.50%	11/25/2036		67,028
	225,758	Series 2006-36T2(e)	28.06% - 4.6 x 1M US L	12/25/2036		213,518
	812,306	Series 2007-19	6.00%	08/25/2037		487,432
	2,746,296	Series 2007-20	6.25%	08/25/2047		1,811,489
	801,137	Series 2007-23CB(e)	1M US L + 0.50%	09/25/2037		376,832
	764,952	Series 2007-23CB(e)(l)	6.50% - 1M US L	09/25/2037		169,595
		American Home Mortgage Investment Trust
	157,985	Series 2007-A(f)(m)	6.60%	01/25/2037		33,333
		AMSR
	5,100,000	Series 2020-SFR3(f)	4.99%	09/17/2025		4,833,525
	5,000,000	Series 2021-SFR1(e)(f)	4.61%	06/17/2028		4,386,391
		AREIT Trust
	1,265,000	Series 2019-CRE3(e)(f)	30D SOFR + 2.76%	09/16/2036		1,242,370
		Atlas Senior Loan Fund X, Ltd.
	491,101	Series 2018-10A(e)(f)	3M US L + 1.09%	01/15/2031		483,850
		Atrium Hotel Portfolio Trust
	1,309,000	Series 2018-ATRM(e)(f)	1M US L + 3.40%	06/15/2035		1,196,992
		Atrium IX
	500,000	Series 2017-9A(e)(f)	3M US L + 3.60%	05/28/2030		480,296
		Atrium XIII
	1,000,000	Series 2017-13A(e)(f)	3M US L + 6.05%	11/21/2030		875,557
		Atrium XIV LLC
	1,000,000	Series 2018-14A(e)(f)	3M US L + 5.65%	08/23/2030		896,436
		Atrium XV
	1,000,000	Series 2018-15A(e)(f)	3M US L + 3.00%	01/23/2031		945,582
		BAMLL Commercial Mortgage Securities Trust
	683,000	Series 2019-AHT(e)(f)	2.57%	03/15/2034		656,784
		Banc of America Commercial Mortgage Trust
	600,000	Series 2015-UBS7(e)	4.49%	09/15/2025		573,297
		Banc of America Funding Trust
	60,956	Series 2006-2	5.50%	03/25/2036		59,065
		BANK
	200,000	Series 2017-BNK5(e)	4.35%	06/15/2027		184,874
	10,291,000	Series 2018-BN12(e)(f)(l)	1.50%	05/15/2061		691,374
	660,000	Series 2022-BNK39	3.18%	01/15/2032		587,449

Principal Amount/Description			Rate	Maturity	Value
$	165,000	Series 2022-BNK39(f)	2.50%	01/15/2032	$	105,279
		BANK 2020-BNK27
	16,875,000	Series 2020-BN27(e)(f)(l)	0.83%	04/15/2030		795,285
		BANK 2021-BNK37
	381,000	Series 2021-BN37(e)	3.21%	11/15/2031		298,724
		Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10
	1,045,000	Series 2016-UB10(e)	5.01%	05/15/2026		999,853
		BBCMS Trust
	3,000,000	Series 2018-CBM(e)(f)	1M US L + 3.55%	07/15/2037		2,848,399
		BCAP, LLC Trust
	101,172	Series 2007-AA2(e)	7.50%	04/25/2037		65,922
	65,655	Series 2007-AA2	6.00%	04/25/2037		37,698
	4,960,332	Series 2010-RR6(e)(f)	4.60%	07/26/2036		2,946,103
		Bear Stearns ALT-A Trust
	6,647,459	Series 2006-3(e)	2.83%	05/25/2036		5,369,894
	804,360	Series 2006-6(e)	3.23%	11/25/2036		493,439
		Bear Stearns Asset-Backed Securities Trust
	1,614,088	Series 2006-AC1(m)	6.25%	02/25/2036		959,768
		Bellemeade Real Estate, Ltd.
	1,469,148	Series 2019-2A(e)(f)	1M US L + 1.45%	04/25/2029		1,467,152
		Benchmark Mortgage Trust
	11,442,070	Series 2018-B2(e)(l)	0.54%	01/15/2028		184,796
	600,000	Series 2018-B2(e)	4.33%	01/15/2028		547,086
	21,903,957	Series 2018-B4(e)(l)	0.66%	06/15/2028		433,140
	1,589,000	Series 2018-B4(e)(f)	2.95%	07/17/2051		1,222,337
	954,000	Series 2020-B17(e)	3.37%	03/15/2030		803,529
	522,000	Series 2020-B18(f)	4.14%	08/15/2025		452,611
	1,510,000	Series 2021-B31(f)	2.25%	11/15/2031		895,989
	592,000	Series 2022-B32(e)	3.53%	01/15/2032		536,312
		BF Mortgage Trust
	705,000	Series 2019-NYT(e)(f)	1M US L + 3.00%	12/15/2035		637,989
		Blackbird Capital Aircraft
	1,407,873	Series 2021-1A(f)	3.45%	07/15/2028		1,179,883
		BMO Mortgage Trust
	7,951,000	Series 2022-C1(e)(f)(l)	1.89%	02/15/2032		1,067,915
		BX Commercial Mortgage Trust
	829,000	Series 2021-21M(e)(f)	1M US L + 4.01%	10/15/2026		757,376
	834,000	Series 2021-VOLT(e)(f)	1M US L + 2.40%	09/15/2023		778,871
		BX Trust
	636,000	Series 2019-OC11(e)(f)	4.08%	12/09/2029		555,954
	2,964,000	Series 2019-OC11(e)(f)	4.08%	12/06/2041		2,396,944
		Cantor Commercial Real Estate Lending
	1,113,000	Series 2019-CF1(e)(f)	4.12%	04/15/2024		1,032,547
		Carbon Capital VI Commercial Mortgage Trust
	359,976	Series 2019-FL2(e)(f)	1M US L + 2.85%	11/15/2021		351,713
		Carvana Auto Receivables Trust
	5,300	Series 2021-N1(f)	0.00%	01/10/2028		1,723,456
	5,250	Series 2021-N2(f)	0.00%	03/10/2028		2,391,046
		Cascade MH Asset Trust
	4,601,000	Series 2019-MH1(e)(f)	5.99%	10/25/2024		4,336,106
		Castlelake Aircraft Securitization Trust
	3,328,884	Series 2018-1(f)	6.63%	06/15/2043		2,237,982
		Castlelake Aircraft Structured Trust
	462,545	Series 2019-1A(f)	3.97%	04/15/2026		415,973

Principal Amount/Description			Rate	Maturity	Value
$	2,750,000	Series 2019-1A (f)	0.00%	04/15/2039	$	481,250
		Cathedral Lake VIII, Ltd.
	1,000,000	Series 2021-8A(e)(f)	3M US L + 2.62%	01/20/2035		951,250
	1,000,000	Series 2021-8A(e)(f)	3M US L + 3.42%	01/20/2035		960,618
		CD Mortgage Trust
	750,000	Series 2017-CD4(e)	4.35%	04/10/2027		681,460
		Chase Mortgage Finance Trust
	3,299,003	Series 2007-S2	6.00%	03/25/2037		1,943,183
	343,116	Series 2007-S3	5.50%	05/25/2037		83,466
		CIFC Funding 2019-III, Ltd.
	650,000	Series 2021-3A(e)(f)	3M US L + 6.80%	10/16/2034		596,544
		CIFC Funding 2022-III, Ltd.
	500,000	Series 2022-3A(e)(f)	3M US SOFR + 3.75%	04/21/2035		481,566
		CIFC Funding, Ltd.
	850,000	Series 2021-1A(e)(f)	3M US L + 6.00%	04/25/2033		762,067
	500,000	Series 2021-4A(e)(f)	3M US L + 2.85%	07/15/2033		468,981
	500,000	Series 2021-4A(e)(f)	3M US L + 5.95%	07/15/2033		445,106
	2,500,000	Series 2021-5A(e)(f)	3M US L + 6.50%	07/15/2034		2,241,707
		Citicorp Mortgage Securities Trust
	350,583	Series 2007-1	6.00%	01/25/2037		316,728
		Citigroup Commercial Mortgage Trust
	3,316,241	Series 2014-GC25(e)(l)	0.96%	10/10/2047		56,772
	866,000	Series 2015-GC27(e)(f)	4.42%	02/12/2048		776,876
	400,000	Series 2015-GC31(e)	4.05%	06/10/2025		366,311
	344,000	Series 2016-GC36(f)	2.85%	02/12/2049		226,803
	464,000	Series 2017-C4(e)	4.10%	10/12/2027		430,859
	225,000	Series 2019-GC41	3.20%	08/10/2029		195,210
	1,000,000	Series 2019-SMRT(e)(f)	4.75%	01/10/2036		969,883
	1,433,000	Series 2020-555(e)(f)	3.62%	12/12/2041		975,326
	546,000	Series 2022-GC48(e)	4.58%	05/15/2032		561,244
		Citigroup Mortgage Loan Trust
	648,976	Series 2006-WF1(m)	4.71%	03/25/2036		342,663
	974,099	Series 2007-OPX1(m)	6.33%	01/25/2037	��	482,774
		CitiMortgage Alternative Loan Trust
	353,534	Series 2007-A1	6.00%	01/25/2037		320,314
	69,637	Series 2007-A1(e)(l)	5.40% - 1M US L	01/25/2037		6,161
	50,694	Series 2007-A3(e)	6.00%	03/25/2037		46,973
	116,664	Series 2007-A3(e)(l)	5.40% - 1M US L	03/25/2037		10,972
	364,976	Series 2007-A6	5.50%	06/25/2037		300,713
		Cologix Data Centers US Issuer LLC
	2,800,000	Series 2021-1A(f)	5.99%	12/28/2026		2,537,427
		COMM 2014-CCRE16 Mortgage Trust
	1,100,000	Series 2014-CR16(e)	5.08%	04/10/2024		1,067,856
		Commercial Mortgage Pass-Through Certificates
	242,400	Series 2014-CR19(e)	4.70%	08/10/2024		234,171
	8,396,129	Series 2014-UBS4(f)	3.75%	08/10/2024		1,089,538
	11,000	Series 2014-UBS4(e)(f)	0.00%	08/10/2047		1
	2,676,238	Series 2015-CR22(e)(l)	0.89%	03/10/2025		49,836
	4,299,142	Series 2015-CR26(e)(l)	0.93%	09/10/2025		99,639
		CORE Mortgage Trust
	432,000	Series 2019-CORE(e)(f)	1M US L + 1.90%	12/15/2031		402,937
	432,000	Series 2019-CORE(e)(f)	1M US L + 2.35%	12/15/2031		398,825
		Countrywide Home Loan Mortgage Pass-Through Trust
	1,283,206	Series 2005-HYB7(e)	2.78%	11/20/2035		1,162,525
	25,305	Series 2005-J4	5.50%	11/25/2035		22,023

Principal Amount/Description			Rate	Maturity	Value
$	1,254,588	Series 2006-18	6.00%	12/25/2036	$	830,487
	146,804	Series 2007-17	6.00%	10/25/2037		116,363
	213,208	Series 2007-3	6.00%	04/25/2037		126,099
	233,691	Series 2007-7	5.75%	06/25/2037		137,681
		Credit Suisse First Boston Mortgage Securities Corp.
	48,125	Series 2005-10	5.50%	11/25/2035		39,786
	42,893	Series 2005-8	5.50%	08/25/2025		38,168
	4,002,841	Series 2005-9	6.00%	10/25/2035		1,478,084
		Credit Suisse Mortgage Capital Certificates
	1,902,142	Series 2006-2	5.75%	03/25/2036		1,191,577
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2(m)	6.20%	09/25/2036		990,780
	127,026	Series 2007-1(e)	5.90%	05/25/2037		37,016
		CSAIL Commercial Mortgage Trust
	5,055,231	Series 2015-C1(e)(l)	0.96%	01/15/2025		79,975
	490,000	Series 2016-C6(e)	5.09%	04/15/2026		459,008
	1,362,000	Series 2016-C6(e)(f)	5.09%	01/15/2049		1,147,194
		CSMC
	832,000	Series 2021-B33(e)(f)	3.77%	10/10/2031		691,645
		CSMC Mortgage-Backed Trust
	144,558	Series 2006-1	6.00%	02/25/2036		56,683
	20,824	Series 2006-4	5.50%	05/25/2021		15,271
	793,217	Series 2006-5	6.25%	06/25/2036		215,133
	67,807	Series 2006-9	6.00%	11/25/2036		49,063
	4,930	Series 2007-2	5.00%	03/25/2037		4,170
	467,732	Series 2007-3(e)	5.84%	04/25/2037		138,437
	223,000	Series 2017-CHOP(e)(f)	1M US L + 3.30%	07/15/2032		209,629
		DataBank Issuer
	636,000	Series 2021-1A(f)	2.65%	02/25/2026		566,327
		DBJPM 16-C1 Mortgage Trust
	1,309,000	Series 2016-C1(e)	3.33%	05/12/2049		1,142,393
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	198,602	Series 2005-6(e)(l)	5.08% - 1M US L	12/25/2035		16,595
	87,096	Series 2005-6(e)	1M US L + 1.40%	12/25/2035		67,103
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	120,064	Series 2006-PR1(e)(f)	12.12% - 1M US L	04/15/2036		112,498
		Diamond Infrastructure Funding LLC
	1,000,000	Series 2021-1A(f)	2.36%	12/20/2026		861,374
	2,000,000	Series 2021-1A(f)	3.48%	12/20/2026		1,707,903
		DOLP Trust
	1,000,000	Series 2021-NYC(e)(f)	3.70%	05/10/2031		796,483
		Dryden 38 Senior Loan Fund
	1,000,000	Series 2018-38A(e)(f)	3M US L + 5.60%	07/15/2030		819,106
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A(e)(f)	3M US L + 5.75%	08/15/2031		825,132
	500,000	Series 2018-40A(e)(f)	3M US L + 3.10%	08/15/2031		465,297
		Dryden 42 Senior Loan Fund
	500,000	Series 2018-42A(e)(f)	3M US L + 2.93%	07/15/2030		453,851
		Fannie Mae-Aces
	24,893,448	Series 2019-M12(e)(l)	0.70%	06/25/2029		700,897
	16,741,408	Series 2019-M24(e)(l)	1.15%	03/25/2031		1,210,432
	40,891,555	Series 2019-M7(e)(l)	0.35%	04/25/2029		799,275
	45,913,718	Series 2020-M10(e)(l)	0.82%	12/25/2027		1,450,814
	47,878,015	Series 2020-M10(e)(l)	0.87%	07/25/2032		3,135,335
	15,664,401	Series 2020-M13(e)(l)	1.30%	09/25/2030		1,087,709
	43,371,749	Series 2021-M23(e)(l)	0.67%	11/01/2031		1,530,364

Principal Amount/Description			Rate	Maturity	Value
		First Horizon Alternative Mortgage Securities Trust
$	501,004	Series 2005-FA6	5.50%	09/25/2035	$	332,570
		First Horizon Mortgage Pass-Through Trust
	629,595	Series 2007-AR3(e)	2.72%	11/25/2037		385,501
		FirstKey Homes
	1,100,000	Series 2020-SFR1(f)	4.28%	08/19/2037		1,036,432
		FMC GMSR Issuer Trust
	6,000,000	Series 2021-GT1(e)(f)	4.36%	07/25/2026		5,410,509
	5,000,000	Series 2021-GT2(e)(f)	4.44%	10/25/2026		4,485,923
		Fontainebleau Miami Beach Trust
	1,656,000	Series 2019-FBLU(e)(f)	3.96%	12/12/2036		1,454,133
		FREMF Mortgage Trust
	890,367	Series 2015-KF07(e)(f)	1M US L + 4.95%	02/25/2025		889,801
	1,000,094	Series 2016-KF19(e)(f)	1M US L + 5.50%	06/25/2023		1,000,031
	887,222	Series 2016-KF25(e)(f)	1M US L + 5.00%	10/25/2023		886,939
	2,014,886	Series 2018-KF56(e)(f)	1M US L + 5.80%	11/25/2028		1,984,218
	1,988,080	Series 2019-KF71(e)(f)	1M US L + 6.00%	10/25/2029		1,990,738
		FRTKL
	4,050,000	Series 2021-SFR1(f)	4.11%	09/17/2026		3,509,053
		GAIA Aviation, Ltd.
	467,229	Series 2019-1(f)(m)	3.97%	12/15/2026		425,986
	424,922	Series 2019-1(f)(m)	7.00%	12/15/2026		292,742
		Ginnie Mae Strip
	7,417,843	Series 2020-3(l)	1.40%	09/16/2045		625,161
		Great Wolf Trust
	3,084,000	Series 2019-WOLF(e)(f)	1M US L + 3.13%	12/15/2036		2,833,596
		GS Mortgage Securities Corp. II
	1,111,000	Series 2021-ARDN(e)(f)	1M US L + 5.00%	11/15/2023		1,052,491
	1,111,000	Series 2021-ARDN(e)(f)	1M US L + 5.9332%	11/15/2023		1,052,598
		GS Mortgage Securities Corp. Trust
	1,000,000	Series 2018-RIVR(e)(f)	1M US L + 1.55%	07/15/2035		893,089
		GS Mortgage Securities Corportation Trust
	691,000	Series 2021-IP(e)(f)	1M US L + 2.10%	10/15/2023		646,686
	691,000	Series 2021-IP(e)(f)	1M US L + 3.55%	10/15/2023		643,400
		GS Mortgage Securities Trust
	11,883	Series 2011-GC3(e)(f)(l)	0.29%	03/10/2044		0
	360,255	Series 2011-GC5(e)(f)(l)	1.95%	08/10/2044		4
	2,417,000	Series 2014-GC26(e)(f)	4.51%	11/10/2047		1,737,224
	1,110,000	Series 2015-GC28(e)(f)	4.46%	02/10/2048		999,807
	7,003,907	Series 2015-GS1(e)(l)	0.77%	11/10/2025		155,339
	260,000	Series 2016-GS2(e)	3.76%	04/10/2026		242,349
	1,954,000	Series 2018-TWR(e)(f)	1M US L + 3.92%	07/15/2031		1,749,208
	636,000	Series 2020-GC45(e)	3.41%	12/13/2029		560,698
		GSAA Home Equity Trust
	1,948,837	Series 2006-13(e)	6.04%	07/25/2036		709,219
	462,711	Series 2006-18(m)	6.18%	11/25/2036		135,964
	144,407	Series 2006-6(e)	5.69%	03/25/2036		49,055
	831,806	Series 2007-2(m)	6.60%	03/25/2037		233,676
		GSCG Trust
	675,000	Series 2019-600C(e)(f)	3.99%	09/06/2024		585,378
		Hardee's Funding LLC
	960,000	Series 2018-1A(f)	5.71%	06/20/2028		929,975
		Hawaii Hotel Trust
	1,391,000	Series 2019-MAUI(e)(f)	1M US L + 2.75%	05/15/2038		1,288,260
		Hayfin Kingsland X, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 1.85%	04/28/2031		482,842

Principal Amount/Description			Rate	Maturity	Value
		Highbridge Loan Management 3-2014
$	500,000	Series 2017-2014(e)(f)	3M US L + 3.60%	07/18/2029	$	456,460
		Highbridge Loan Management 4-2014, Ltd.
	500,000	Series 2018-2014(e)(f)	3M US L + 5.55%	01/28/2030		420,391
		Highbridge Loan Management, Ltd.
	500,000	Series 2017-2A(e)(f)	3M US L + 6.60%	10/20/2029		415,881
	2,000,000	Series 2018-2015(e)(f)	3M US L + 5.10%	02/05/2031		1,680,303
	500,000	Series 2018-2016(e)(f)	3M US L + 2.90%	07/20/2030		443,064
		Horizon Aircraft Finance III, Ltd.
	905,536	Series 2019-2(f)	3.43%	11/15/2026		777,145
		HPLY Trust
	541,580	Series 2019-HIT(e)(f)	1M US L + 3.15%	11/15/2021		499,636
	1,079,280	Series 2019-HIT(e)(f)	1M US L + 3.90%	11/17/2036		1,018,220
		HSI Asset Securitization Corp. Trust
	5,721,021	Series 2006-HE1(e)	1M US L + 0.28%	10/25/2036		2,091,622
	1,339,064	Series 2007-NC1(e)	1M US L + 0.18%	04/25/2037		952,460
		IndyMac IMJA Mortgage Loan Trust
	978,797	Series 2007-A1	6.00%	08/25/2037		458,437
		IndyMac IMSC Mortgage Loan Trust
	4,647,733	Series 2007-F2	6.50%	07/25/2037		1,970,481
		Invitation Homes
	994,857	Series 2018-SFR1(e)(f)	1M US L + 1.25%	03/17/2037		979,094
		ITE Rail Fund Levered LP
	936,486	Series 2021-1A(f)	2.25%	02/28/2051		819,897
	714,694	Series 2021-3A(f)	2.21%	06/28/2027		641,254
		J.P. Morgan Chase Commercial Mortgage Securities Trust
	2,092,000	Series 2018-AON(e)(f)	4.61%	07/05/2023		2,015,521
		JOL Air, Ltd.
	791,185	Series 2019-1(f)	3.97%	04/15/2026		712,548
		JP Morgan Alternative Loan Trust
	161,619	Series 2005-S1	6.00%	12/25/2035		127,661
	33,464	Series 2006-S3(m)	6.62%	08/25/2036		32,250
		JP Morgan BB Commercial Mortgage Securities Trust
	2,086,000	Series 2014-C23(e)(f)	3.36%	11/18/2048		1,632,922
	4,278,312	Series 2015-C28(e)(l)	1.10%	03/15/2025		77,710
	7,605,855	Series 2015-C30(e)(l)	0.58%	07/15/2025		87,614
	3,080,661	Series 2015-C31(e)(l)	0.96%	08/15/2025		63,255
		JP Morgan Chase Commercial Mortgage Securities Trust
	1,157,000	Series 2011-C3(e)(f)	5.71%	02/15/2046		417,798
	590,564	Series 2012-C8(e)	1.91%	09/15/2022		23
	1,010,000	Series 2018-WPT(e)(f)	5.54%	07/05/2023		976,247
	704,000	Series 2019-MFP(e)(f)	1M US L + 3.00%	07/15/2036		649,584
	235,000	Series 2019-UES(f)	4.34%	05/05/2032		226,172
	1,135,000	Series 2019-UES(e)(f)	4.45%	05/05/2032		1,032,792
	915,000	Series 2021-MHC(e)(f)	1M US L + 2.45%	04/15/2026		849,345
		JP Morgan Mortgage Acquisition Corp.
	3,900,000	Series 2005-WMC1(e)	1M US L + 0.90%	09/25/2035		3,519,453
	195,853	Series 2006-CH2(m)	5.46%	09/25/2029		132,955
		JP Morgan Mortgage Acquisition Trust
	3,541,582	Series 2006-RM1(e)	1M US L + 0.48%	08/25/2036		1,779,243

Principal Amount/Description			Rate	Maturity	Value
		JP Morgan Mortgage Trust
$	803,541	Series 2007-S3	6.00%	07/25/2037	$	492,949
		JP Morgan Resecuritization Trust
	554,543	Series 2011-1(e)(f)	6.00%	06/26/2037		480,588
		JPMBB Commercial Mortgage Securities Trust
	17,638,954	Series 2014-C24(e)(l)	1.01%	09/17/2047		248,727
	1,110,000	Series 2014-C26(e)(f)	4.02%	12/15/2024		991,951
	519,000	Series 2015-C27(e)	4.44%	02/15/2025		485,874
		JPMCC Commercial Mortgage Securities Trust
	486,000	Series 2017-JP7(e)	3.78%	07/15/2027		438,365
		Kestrel Aircraft Funding, Ltd.
	477,146	Series 2018-1A(f)	4.25%	10/15/2025		434,428
		Laurel Road Prime Student Loan Trust
	20,955,829	Series 2020-A(f)	0.00%	11/25/2050		1,768,462
		LCM 28, Ltd.
	1,000,000	Series 2018-28A(e)(f)	3M US L + 5.75%	10/20/2030		823,831
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A(e)(f)	3M US L + 5.60%	07/16/2031		401,990
		LCM XIV LP
	1,000,000	Series 2018-14A(e)(f)	3M US L + 2.75%	07/20/2031		900,726
	750,000	Series 2018-14A(e)(f)	3M US L + 5.50%	07/20/2031		611,359
		LCM XVII LP
	1,000,000	Series 2018-17A(e)(f)	3M US L + 6.00%	10/15/2031		833,570
		LCM XX LP
	1,000,000	Series 2018-20A(e)(f)	3M US L + 5.45%	10/20/2027		902,500
		Lehman Mortgage Trust
	421,381	Series 2006-6	5.50%	10/25/2036		322,712
	3,845,079	Series 2006-7(e)	1M US L + 0.25%	11/25/2036		260,130
	3,845,079	Series 2006-7(e)(l)	7.75% - 1M US L	11/25/2036		520,901
	1,164,891	Series 2006-8(e)	1M US L + 0.42%	12/25/2036		251,415
	1,164,891	Series 2006-8(e)(l)	6.58% - 1M US L	12/25/2036		178,145
	263,225	Series 2007-10	6.50%	01/25/2038		114,971
		LSTAR Commercial Mortgage Trust
	1,150,000	Series 2017-5(e)(f)	4.83%	03/10/2027		970,020
		MACH 1 Cayman, Ltd.
	1,044,153	Series 2019-1(f)	3.47%	08/15/2026		934,547
		Madison Park Funding LII, Ltd.
	500,000	Series 2021-52A(e)(f)	3M US L + 3.15%	01/22/2035		471,271
		Madison Park Funding LVII, Ltd.
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.75%	10/15/2031		884,023
		Madison Park Funding XIV, Ltd.
	1,000,000	Series 2018-14A(e)(f)	3M US L + 2.95%	10/22/2030		942,666
	1,000,000	Series 2018-14A(e)(f)	3M US L + 5.80%	10/22/2030		875,721
		Madison Park Funding XLV, Ltd.
	1,000,000	Series 2021-45A(e)(f)	3M US L + 3.15%	07/15/2034		944,730
	600,000	Series 2021-45A(e)(f)	3M US L + 6.35%	07/15/2034		533,016
		Madison Park Funding XXVI, Ltd.
	500,000	Series 2017-26A(e)(f)	3M US L + 6.50%	07/29/2030		458,937
		Madison Park Funding XXXVIII, Ltd.
	1,000,000	Series 2021-38A(e)(f)	3M US L + 6.00%	07/17/2034		869,086
		Master Asset Backed Securities Trust
	4,196,980	Series 2006-NC3(e)	1M US L + 0.21%	10/25/2036		2,337,471
		MBRT
	1,406,000	Series 2019-MBR(e)(f)	1M US L + 3.15%	11/25/2021		1,304,312

Principal Amount/Description			Rate	Maturity	Value
		Med Trust
$	258,000	Series 2021-MDLN(e)(f)	1M US L + 2.00%	11/15/2023	$	246,440
	1,100,000	Series 2021-MDLN(e)(f)	1M US L + 5.25%	11/15/2023		999,071
		Merrill Lynch Alternative Note Asset Trust
	687,835	Series 2007-F1	6.00%	03/25/2037		91,067
		Merrill Lynch Mortgage Investors Trust
	10,198,637	Series 2006-RM3(e)	1M US L + 0.48%	06/25/2037		2,452,673
		MFT Trust
	2,010,000	Series 2020-ABC(e)(f)	3.48%	02/10/2030		1,485,206
		MHC Commercial Mortgage Trust
	675,000	Series 2021-MHC(e)(f)	1M US L + 2.60%	04/15/2026		629,319
		MKT Mortgage Trust
	250,000	Series 2020-525M(e)(f)	2.94%	02/12/2030		173,246
		Morgan Stanley Bank of America Merrill Lynch Trust
	822,000	Series 2015-C21(e)	4.27%	02/15/2025		685,741
	1,292,000	Series 2016-C31(e)(f)	3.00%	10/15/2026		947,464
	1,100,000	Series 2017-C34(f)	2.70%	10/15/2027		809,928
		Morgan Stanley Capital I
	858,000	Series 2017-HR2(e)	4.36%	12/15/2027		780,461
		Morgan Stanley Capital I Trust
	1,236,261	Series 2016-UB11 XA(e)(l)	1.63%	08/15/2026		53,634
	576,000	Series 2017-CLS(e)(f)	1M US L + 2.60%	11/15/2034		559,317
	765,000	Series 2018-H4(f)	3.00%	12/15/2028		561,456
	1,000,000	Series 2018-SUN(e)(f)	1M US L + 3.05%	07/15/2035		934,312
	750,000	Series 2019-H7	4.13%	07/15/2029		669,928
	826,000	Series 2021-L6(e)	3.58%	07/15/2031		677,083
	10,249,000	Series 2021-L7(e)(f)(l)	1.04%	10/15/2031		747,941
		Morgan Stanley Mortgage Loan Trust
	1,248,034	Series 2005-3AR(e)	2.75%	07/25/2035		1,098,209
	2,502,054	Series 2006-11	6.00%	08/25/2036		1,824,915
	655,664	Series 2006-7(e)	5.13%	06/25/2036		473,478
	706,764	Series 2006-7	6.00%	06/25/2036		440,573
	349,002	Series 2007-3XS(m)	5.70%	01/25/2047		150,538
		Morgan Stanley Re-REMIC Trust
	49,652	Series 2011-R1(e)(f)	5.94%	02/26/2037		49,882
		Mosaic Solar Loan Trust
	70,945	Series 2017-1A(f)	4.45%	06/20/2042		69,563
	293,571	Series 2018-1A(f)	4.01%	08/20/2030		283,542
	1,696,905	Series 2020-1A(f)	0.00%	04/20/2046		1,648,355
	526,993	Series 2020-2A(f)	3.00%	06/20/2025		489,948
		MSCG Trust
	1,631,000	Series 2018-SELF(e)(f)	1M US L + 3.05%	10/15/2037		1,549,913
		MVW 2021-1W LLC
	883,105	Series 2021-1WA(f)	1.94%	01/22/2041		811,749
	1,024,401	Series 2021-1WA(f)	3.17%	01/22/2041		939,242
		Navient Private Education Refi Loan Trust
	500,000	Series 2018-A(f)	3.68%	11/17/2025		499,412
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	1,018,920	Series 2005-AP3(e)	5.32%	08/25/2035		578,112
		Octagon Investment Partners 20-R, Ltd.
	1,500,000	Series 2019-4A(e)(f)	3M US L + 6.80%	05/12/2031		1,327,500
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A(e)(f)	3M US L + 8.09%	07/15/2030		837,978

Principal Amount/Description			Rate	Maturity	Value
		Octagon Investment Partners 29, Ltd.
$	500,000	Series 2020-1A(e)(f)	3M US L + 3.10%	01/24/2033	$	447,056
	2,000,000	Series 2020-1A(e)(f)	3M US L + 7.25%	01/24/2033		1,721,538
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A(e)(f)	3M US L + 2.85%	07/25/2030		451,716
		Octagon Investment Partners 40, Ltd.
	500,000	Series 2021-1A(e)(f)	3M US L + 7.00%	01/20/2035		434,813
		Octagon Investment Partners 42, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 6.75%	07/15/2034		865,629
		Octagon Investment Partners 46, Ltd.
	1,000,000	Series 2021-2A(e)(f)	3M US L + 6.60%	07/15/2036		870,277
		Octagon Investment Partners 49, Ltd.
	625,000	Series 2021-5A(e)(f)	3M US L + 6.75%	01/15/2033		579,387
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.00%	07/17/2030		455,338
	1,000,000	Series 2018-1A(e)(f)	3M US L + 5.75%	07/17/2030		823,828
		Octagon Investment Partners XXI, Ltd.
	1,000,000	Series 2019-1A(e)(f)	3M US L + 7.00%	02/14/2031		900,016
		Octagon Investment Partners XXII, Ltd.
	970,000	Series 2018-1A(e)(f)	3M US L + 1.90%	01/22/2030		909,241
	500,000	Series 2018-1A(e)(f)	3M US L + 5.45%	01/22/2030		400,305
		OHA Credit Funding 1, Ltd.
	500,000	Series 2018-1A(e)(f)	3M US L + 3.05%	10/20/2030		474,831
		OHA Credit Funding 3, Ltd.
	1,000,000	Series 2021-3A(e)(f)	3M US L + 2.90%	07/02/2035		913,327
	2,000,000	Series 2021-3A(e)(f)	3M US L + 6.25%	07/02/2035		1,769,164
		OHA Credit Funding 5, Ltd.
	2,000,000	Series 2020-5A(e)(f)	3M US L + 6.25%	04/18/2033		1,797,779
		OHA Credit Funding 9, Ltd.
	500,000	Series 2021-9A(e)(f)	3M US L + 2.94%	07/19/2035		462,651
		One Market Plaza Trust
	688,000	Series 2017-1MKT(f)	4.14%	02/10/2032		639,117
		Pagaya AI Debt Selection Trust
	2,500,000	Series 2020-3(f)	6.43%	05/17/2027		2,430,464
	911,667	Series 2021-2(f)	3.00%	01/25/2029		864,316
	2,000,000	Series 2021-5(f)	0.00%	08/15/2029		2,940,742
		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		4,280,861
		People's Choice Home Loan Securities Trust
	5,000,000	Series 2005-4(e)	1M US L + 0.65%	12/25/2035		3,017,157
		PR Mortgage Loan Trust
	7,524,613	Series 2014-1(e)(f)	5.88%	10/25/2049		7,099,057
		Prime Mortgage Trust
	298	Series 2006-1	5.50%	06/25/2036		297
	56,455	Series 2006-DR1(f)	5.50%	05/25/2035		49,909
		Primrose Funding LLC
	975,000	Series 2019-1A(f)	4.48%	07/30/2026		924,817
		Progress Residential
	2,500,000	Series 2021-SFR3(f)	4.75%	05/17/2026		2,227,253

Principal Amount/Description			Rate	Maturity	Value
		Progress Residential
$	6,900,000	Series 2021-SFR8(f)	4.01%	10/17/2026	$	5,984,447
		RBSGC Structured Trust
	121,685	Series 2008-B(f)	6.00%	06/25/2037		108,769
		Residential Accredit Loans, Inc.
	3,276,898	Series 2006-QA5(e)	1M US L + 0.22%	07/25/2036		1,583,625
	1,429,004	Series 2006-QS10	6.50%	08/25/2036		1,301,510
	343,144	Series 2006-QS6	6.00%	06/25/2036		296,632
	848,689	Series 2006-QS7	6.00%	06/25/2036		733,789
	44,617	Series 2006-QS7(e)	1M US L + 0.40%	06/25/2036		32,758
	133,852	Series 2006-QS7(e)(l)	5.60% - 1M US L	06/25/2036		10,748
	57,935	Series 2006-QS8(e)	1M US L + 0.45%	08/25/2036		42,460
	173,805	Series 2006-QS8(e)(l)	5.55% - 1M US L	08/25/2036		18,503
	5,342	Series 2007-QS6(e)	55.00% - 8.33 x 1M US L	04/25/2037		6,405
	505,712	Series 2007-QS9	6.50%	07/25/2037		437,729
	259,481	Series 2008-QR1	6.00%	08/25/2036		214,853
		Residential Asset Securitization Trust
	398,165	Series 2006-A1	6.00%	04/25/2036		223,717
	859,437	Series 2006-A2	6.00%	05/25/2036		440,438
	897,478	Series 2006-A6	6.50%	07/25/2036		324,184
	250,026	Series 2006-A8	6.00%	08/25/2036		182,859
	149,757	Series 2006-A8	6.50%	08/25/2036		54,391
	317,071	Series 2006-A8(e)(l)	5.90% - 1M US L	08/25/2036		45,794
	1,331,871	Series 2007-A1	6.00%	03/25/2037		539,928
	57,915	Series 2007-A6	6.00%	06/25/2037		38,603
	2,528,181	Series 2007-A7	6.00%	07/25/2037		1,150,228
		Residential Funding Mortgage Securities I Trust
	430,956	Series 2006-S3	5.50%	03/25/2036		368,429
	87,635	Series 2006-S6	6.00%	07/25/2036		76,430
	225,480	Series 2007-S3	6.00%	03/25/2037		174,676
	122,834	Series 2007-S6	6.00%	06/25/2037		109,312
		RR 2, Ltd.
	1,000,000	Series 2021-2A(e)(f)	3M US L + 5.80%	04/15/2036		864,432
		RR 6, Ltd.
	1,000,000	Series 2021-6A(e)(f)	3M US L + 5.85%	04/15/2036		839,398
		Sapphire Aviation Finance I, Ltd.
	2,144,720	Series 2018-1A(f)	5.93%	03/15/2025		1,528,754
		Sapphire Aviation Finance II, Ltd.
	391,269	Series 2020-1A(f)	3.23%	03/15/2027		343,807
		Sequoia Mortgage Trust
	1,003,081	Series 2007-3(e)	2.98%	07/20/2037		840,066
		SG Commercial Mortgage Securities Trust
	1,854,000	Series 2016-C5	3.93%	06/10/2026		1,708,700
		Signal Rail I LLC
	484,661	Series 2021-1(f)	2.23%	08/17/2051		428,803
		S-Jets, Ltd.
	921,885	Series 2017-1(f)	3.97%	08/15/2025		815,516
		SLG Office Trust
	1,100,000	Series 2021-OVA(f)	2.85%	07/15/2031		837,552
		SMB Private Education Loan Trust
	269,691	Series 2018-B(e)(f)	1M US L + 0.72%	08/15/2027		264,247
	968	Series 2021-A(f)	0.00%	01/15/2053		2,158,797
		SMR Mortgage Trust
	964,590	Series 2022-IND(e)(f)	1M US SOFR + 7.50%	02/15/2024		931,331

Principal Amount/Description			Rate	Maturity	Value
		Sofi Alternative Consumer Loan Program
$	50,000	Series 2021-2(f)	0.00%	08/15/2030	$	1,758,301
		Sofi Professional Loan Program Trust
	80,000	Series 2018-C(f)	0.00%	01/25/2048		1,348,174
		SoFi Professional Loan Program Trust
	50,000	Series 2020-A(f)	0.00%	05/15/2046		1,630,515
		Sofi Professional Loan Program, LLC
	32,412	Series 2018-A(f)	0.00%	02/25/2042		720,754
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D(f)	3.61%	09/25/2040		292,598
		Sprite, Ltd.
	473,485	Series 2021-1(f)	3.75%	10/15/2028		429,582
		SREIT Trust
	1,150,000	Series 2021-MFP2(e)(f)	1M US L + 3.9155%	11/15/2023		1,079,054
		Stack Infrastructure Issuer LLC
	966,667	Series 2019-1A(f)	4.54%	02/26/2024		959,679
	750,000	Series 2019-2A(f)	3.08%	10/25/2024		721,719
		Start, Ltd.
	642,127	Series 2018-1(f)	4.09%	05/15/2025		592,525
	601,034	Series 2019-1(f)	4.09%	03/15/2026		557,750
		Structured Adjustable Rate Mortgage Loan Trust
	553,384	Series 2005-15(e)	3.22%	07/25/2035		365,320
		Structured Asset Securities Corp.
	150,732	Series 2005-RF1(e)(f)	1M US L + 0.35%	03/25/2035		143,305
	150,732	Series 2005-RF1(e)(f)(l)	3.40%	03/25/2035		7,040
		Sunnova Helios VII Issuer LLC
	1,186,407	Series 2021-C(f)	2.63%	10/20/2028		1,031,536
		Sunnova Sol III Issuer LLC
	1,419,014	Series 2021-1(f)	2.58%	04/30/2031		1,215,534
		Sunnova Sol Issuer LLC
	936,347	Series 2020-1A(f)	3.35%	01/30/2030		833,131
		TBW Mortgage-Backed Trust
	1,394,744	Series 2006-2	7.00%	07/25/2036		291,864
		Thunderbolt Aircraft Lease, Ltd.
	1,651,110	Series 2017-A(f)(m)	4.21%	04/15/2024		1,428,557
		Thunderbolt II Aircraft Lease, Ltd.
	4,464,286	Series 2018-A(f)(m)	5.07%	09/15/2038		3,660,112
		TIF Funding II LLC
	356,083	Series 2021-1A(f)	1.65%	02/20/2046		307,030
		TPGI Trust
	800,000	Series 2021-DGWD(e)(f)	1M US L + 3.85%	06/15/2026		736,612
		Tricon Residential
	3,700,000	Series 2021-SFR1(f)	4.13%	07/17/2026		3,271,340
		Trimaran Cavu 2019-1, Ltd.
	1,700,000	Series 2019-1A(e)(f)	3M US L + 4.15%	07/20/2032		1,609,129
		TRP - TRIP Rail Master Funding LLC
	964,630	Series 2021-2(f)	2.15%	06/17/2027		865,802
		TTAN
	741,109	Series 2021-MHC(e)(f)	1M US L + 2.90%	03/15/2026		680,241
		UBS Commercial Mortgage Trust
	31,908,500	Series 2017-C3(e)(l)	0.47%	08/15/2050		710,663
	650,000	Series 2017-C4(e)	4.24%	09/15/2027		605,056
	520,000	Series 2018-C10(e)	5.22%	05/15/2028		488,369
	928,000	Series 2018-C9(e)	5.04%	03/15/2028		842,145

Principal Amount/Description			Rate	Maturity	Value
		UBS-Barclays Commercial Mortgage Trust
$	1,993,000	Series 2013-C5(e)(f)	4.08%	03/12/2046	$	1,648,365
		Upstart Pass-Through Trust
	248,800	Series 2021-ST1(f)	2.75%	02/20/2027		240,600
	544,059	Series 2021-ST2(f)	2.50%	04/20/2027		522,561
		Upstart Securitization Trust
	250,000	Series 2020-3(f)	3.01%	11/20/2030		244,241
	2,000	Series 2021-2	0.00%	06/20/2031		975,456
		US Auto Funding 2021-1
	1,125,000	Series 2021-1A(f)	2.20%	05/15/2026		1,052,760
		Vault DI Issuer LLC
	750,000	Series 2021-1A(f)	2.80%	07/15/2026		676,867
		Velocity Commercial Capital Loan Trust
	307,811	Series 2018-2(e)(f)	4.05%	09/25/2024		301,929
	651,030	Series 2019-1(e)(f)	3.94%	01/25/2027		624,730
	290,548	Series 2019-1(e)(f)	4.01%	07/25/2027		278,319
	236,379	Series 2019-1(e)(f)	4.12%	11/25/2027		220,929
	1,406,099	Series 2021-2(e)(f)	4.92%	12/25/2030		1,165,017
		VOLT XCVI LLC
	4,000,000	Series 2021-NPL5(f)(m)	4.83%	03/27/2051		3,802,873
		Wachovia Bank Commercial Mortgage Trust
	19,263	Series 2006-C29(e)(l)	0.36%	11/15/2048		8
		Wachovia Mortgage Loan Trust, LLC Series Trust
	172,611	Series 2005-B(e)	2.60%	10/20/2035		161,606
		Washington Mutual Alternative Mortgage Pass-Through Certificates
	40,124	Series 2005-9	5.50%	11/25/2035		32,689
	338,790	Series 2006-5	6.00%	07/25/2036		260,533
		Washington Mutual Mortgage Pass-Through Certificates Trust
	582,986	Series 2006-2	6.00%	03/25/2036		558,681
		WAVE LLC
	843,915	Series 2019-1(f)	3.60%	09/15/2027		689,880
	1,082,533	Series 2019-1(f)	7.00%	09/15/2044		743,619
		Wells Fargo Alternative Loan Trust
	245,052	Series 2007-PA2(e)	1M US L + 0.43%	06/25/2037		197,857
	245,047	Series 2007-PA2(e)(l)	6.07% - 1M US L	06/25/2037		16,327
	122,832	Series 2007-PA3	5.75%	07/25/2037		105,040
	326,773	Series 2007-PA3	6.25%	07/25/2037		294,438
		Wells Fargo Commercial Mortgage Trust
	1,539,000	Series 2015-C28(e)	4.22%	05/15/2025		1,372,473
	520,000	Series 2015-NXS4(e)	4.84%	11/15/2025		496,183
	1,245,000	Series 2015-NXS4(e)	3.84%	11/15/2025		1,101,521
	1,000,000	Series 2016-C33(f)	3.12%	03/15/2059		823,542
	5,628,945	Series 2016-C37(e)(f)(l)	1.60%	12/15/2049		291,697
	356,000	Series 2016-NXS6	3.81%	11/15/2049		330,699
	523,000	Series 2018-C47(e)	5.10%	10/15/2028		473,396
	134,000	Series 2020-C55	3.14%	02/15/2030		114,883
	830,000	Series 2021-C61	3.31%	07/15/2031		681,092
		WF-RBS Commercial Mortgage Trust
	1,183,005	Series 2012-C9(e)(f)(l)	1.98%	11/15/2045		55
	3,072,978	Series 2014-C21(e)(l)	1.17%	08/15/2047		50,234
	3,889,216	Series 2014-C22(e)(l)	0.94%	09/15/2057		52,057
	636,000	Series 2014-C23(e)(f)	4.15%	10/15/2057		574,067

Principal Amount/Description			Rate	Maturity	Value
		Willis Engine Structured Trust V
$	869,602	Series 2020-A(f)	3.23%	03/15/2028	$	732,569
		Willis Engine Structured Trust VI
	2,548,845	Series 2021-A(f)	7.39%	05/15/2046		1,934,293
	1,640,267	Zephyrus Capital Aviation Tl(e)	1M US L + 4.61%	10/15/2038		1,435,372
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $424,410,330)						358,454,800
U.S. GOVERNMENT BONDS AND NOTES - 8.57%
	4,030,000	U.S. Treasury Bonds	2.88%	05/15/2032	$	3,985,292
	3,490,000	U.S. Treasury Bonds	2.25%	05/15/2041		2,913,605
	5,380,000	U.S. Treasury Bonds	3.25%	05/15/2042		5,252,225
	32,800,000	U.S. Treasury Bonds	1.25%	05/15/2050		20,883,094
	55,500,000	U.S. Treasury Bonds	1.63%	11/15/2050		39,059,209
	6,365,000	U.S. Treasury Bonds	2.88%	05/15/2052		6,013,433
	4,030,000	U.S. Treasury Notes	0.13%	04/30/2023		3,939,486
	5,620,000	U.S. Treasury Notes	0.13%	07/31/2023		5,452,278
	2,460,000	U.S. Treasury Notes	0.13%	08/31/2023		2,380,867
	9,110,000	U.S. Treasury Notes	3.00%	06/30/2024		9,115,338
	475,000	U.S. Treasury Notes	2.75%	05/15/2025		471,400
	9,450,000	U.S. Treasury Notes	2.88%	06/15/2025		9,413,086
	4,840,000	U.S. Treasury Notes	0.38%	11/30/2025		4,421,794
	485,000	U.S. Treasury Notes	2.63%	05/31/2027		475,887
	10,855,000	U.S. Treasury Notes	3.25%	06/30/2027		10,961,854
	2,350,000	U.S. Treasury Notes	1.25%	03/31/2028		2,123,445
	290,000	U.S. Treasury Notes	2.75%	05/31/2029		284,336
	8,370,000	U.S. Treasury Notes	3.25%	06/30/2029		8,470,048
TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $152,661,122)						135,616,677
MUNICIPAL BONDS - 0.01%
	165,000	State of California, General Obligation Bonds	7.55%	04/01/2039		224,294
TOTAL MUNICIPAL BONDS
(Cost $234,632)						224,294
U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 15.02%
		Banc of America Funding
	1,791,462	Series 2014-R8(e)(f)	1M US L + 0.24%	12/26/2024	$	1,542,926
		Bear Stearns Structured Products, Inc.
	8,444,073	Series 2008-R2(e)(f)	3.14%	06/25/2047		6,731,420
		Chase Mortgage Finance Trust
	4,305,727	Series 2007-S4	6.00%	06/25/2037		2,341,505
		ChaseFlex Trust Series
	3,745,834	Series 2007-M1(e)	1M US L + 0.23%	08/25/2037		3,348,113
		Citigroup Mortgage Loan Trust
	85,637	Series 2009-12(f)	5.50%	11/25/2035		71,969
	247,761	Series 2009-4(e)(f)	5.48%	05/25/2035		229,904
		Connecticut Avenue Securities Trust
	4,637,557	Series 2019-R05(e)(f)	1M US L + 4.10%	07/25/2039		4,541,802
	4,250,000	Series 2022-R02(e)(f)	30D US SOFR + 7.65%	01/25/2027		3,726,005
	3,685,000	Series 2022-R03(e)(f)	30D US SOFR + 9.85%	03/25/2042		3,540,338

Principal Amount/Description			Rate	Maturity	Value
$	4,000,000	Series 2022-R04(e)(f)	30D US SOFR + 3.10%	03/25/2042	$	3,744,676
		CSMC
	900,000	Series 2021-NQM6(e)(f)	2.58%	07/25/2066		665,312
		Fannie Mae Interest Strip
	7,004,729	Series 2014-419(l)	3.50%	04/25/2044		1,084,217
		Fannie Mae Pool
	4,564,620	Series 2021-	3.00%	10/01/2046		4,319,307
	2,239,905	Series 2021-	3.00%	12/01/2048		2,112,170
	1,899,627	Series 2021-	4.00%	05/01/2049		1,900,613
	2,452,372	Series 2021-	4.00%	06/01/2049		2,455,350
	5,781,120	Series 2021-	2.00%	02/01/2051		5,058,247
	3,576,688	Series 2021-	2.50%	02/01/2051		3,224,598
	1,506,474	Series 2021-	2.50%	05/01/2051		1,358,161
	3,592,838	Series 2021-	3.50%	07/01/2051		3,494,468
	2,610,516	Series 2021-	2.50%	12/01/2051		2,354,478
	2,085,240	Series 2022-	2.46%	04/01/2032		1,906,494
	3,996,003	Series 2022-	3.50%	11/01/2050		3,880,323
	1,750,000	Series 2022-	4.00%	07/01/2052		1,729,074
	1,750,000	Series 2022-	5.00%	07/01/2052		1,789,501
	3,000,000	Series Pool #BL4424	2.14%	10/01/2029		2,741,048
	3,000,000	Series Pool #BL5156	2.37%	12/01/2029		2,770,473
		Fannie Mae REMICS
	6,096,760	Series 2014-1(e)(l)	5.90% - 1M US L	02/25/2044		884,385
	6,687,565	Series 2015-54(e)(l)	6.15% - 1M US L	07/25/2045		992,366
	2,615,329	Series 2020-45	3.00%	07/25/2040		2,479,778
	9,590,488	Series 2020-74(e)(l)	4.10% - 30D US SOFR	10/25/2050		658,417
	19,829,546	Series 2020-77(e)(l)	4.10% - 30D SOFR	11/25/2050		1,675,238
	2,294,393	Series 2021-48(e)	3.65% - 30D US SOFR	08/25/2051		149,142
		Federal Home Loan Mortgage Corp. Pool
	135,754	Series Pool #G01840	5.00%	07/01/2035		143,040
	48,725	Series Pool #G04817	5.00%	09/01/2038		51,373
		Federal Home Loan Mortgage Corp. REMICS
	674,965	Series 2003-2722(e)	9.89% - 1M US L	12/15/2033		721,303
	126,494	Series 2005-R003	5.50%	10/15/2035		134,975
	1,041,216	Series 2006-3244(e)(l)	6.66% - 1M US L	11/15/2036		157,526
	50,588	Series 2007-3261(e)(l)	6.43% - 1M US L	01/15/2037		5,692
	112,029	Series 2007-3262(e)(l)	6.40% - 1M US L	01/15/2037		6,530
	391,284	Series 2007-3301(e)(l)	6.10% - 1M US L	04/15/2037		45,001
	298,083	Series 2007-3303(e)(l)	6.10% - 1M US L	04/15/2037		39,954
	64,729	Series 2007-3382(e)(l)	6.00% - 1M US L	11/15/2037		6,826
	255,785	Series 2007-3384(e)(l)	6.31% - 1M US L	08/15/2036		41,889
	75,475	Series 2007-3384(e)(l)	6.39% - 1M US L	11/15/2037		7,125
	72,470	Series 2008-3417(e)(l)	6.18% - 1M US L	02/15/2038		6,643
	115,921	Series 2008-3423(e)(l)	5.65% - 1M US L	03/15/2038		10,429
	1,960,377	Series 2008-3423(e)(l)	6.00% - 1M US L	03/15/2038		10,385
	996,428	Series 2009-3510(e)	6.75% - 1M US L	02/15/2037		96,374
	258,507	Series 2009-3523(e)(l)	6.00% - 1M US L	04/15/2039		26,913
	47,111	Series 2009-3524(e)	3.41%	06/15/2038		46,538
	5,233	Series 2009-3549(e)(l)	5.80% - 1M US L	07/15/2039		545
	540,761	Series 2009-3560(e)	6.40% - 1M US L	11/15/2036		38,458
	168,935	Series 2010-3641	4.50%	03/15/2040		174,713
	257,430	Series 2010-3726(e)(l)	6.05% - 1M US L	09/15/2040		32,892
	776,231	Series 2010-3728(e)(l)	4.45% - 1M US L	09/15/2040		56,596
	72,390	Series 2010-3779	4.00%	12/15/2030		73,784
	368,990	Series 2010-3779	3.50%	12/15/2030		370,361
	251,477	Series 2010-3779	4.50%	12/15/2040		260,401

Principal Amount/Description			Rate	Maturity	Value
$	28,301	Series 2011-3786(e)	9.50% - 1M US L	01/15/2041	$	25,479
	231,522	Series 2011-3808	3.50%	02/15/2031		232,401
	17,462	Series 2011-3809(e)	9.50% - 1M US L	02/15/2041		14,874
	537,476	Series 2011-3815(e)(l)	5.85% - 1M US L	02/15/2041		66,321
	197,294	Series 2011-3824	3.50%	03/15/2031		198,044
	278,792	Series 2011-3824(e)	7.10% - 1M US L	08/15/2036		45,198
	313,105	Series 2011-3863	5.50%	08/15/2034		332,527
	302,957	Series 2011-3864(e)	9.20% - 1M US L	05/15/2041		264,506
	332,616	Series 2011-3871	5.50%	06/15/2041		355,623
	323,699	Series 2011-3872(e)(l)	5.95% - 1M US L	06/15/2041		27,885
	2,111,442	Series 2011-3910	5.00%	08/15/2041		2,237,795
	1,428,262	Series 2011-3924(e)(l)	6.00% - 1M US L	09/15/2041		129,116
	1,728,253	Series 2012-3(e)(l)	5.95% - 1M US L	02/25/2042		222,224
	1,048,966	Series 2013-4170(e)	4.05% - 1M US L	01/15/2033		953,712
	11,268,267	Series 2013-4218	2.50%	02/15/2043		9,567,358
	2,097,207	Series 2013-4239(h)	0.00%	07/15/2043		1,348,883
	2,873,259	Series 2014-4413	3.50%	11/15/2044		2,820,372
	3,737,204	Series 2015-4434	3.00%	02/15/2045		3,414,855
	3,602,957	Series 2015-4440	2.50%	02/15/2045		3,291,264
		Federal National Mortgage Association Pool
	37,675	Series Pool #555743	5.00%	09/01/2033		39,620
	44,051	Series Pool #735382	5.00%	04/01/2035		46,360
	121,165	Series Pool #735383	5.00%	04/01/2035		127,506
	77,928	Series Pool #735484	5.00%	05/01/2035		82,009
	20,435	Series Pool #AH4437	4.00%	01/01/2041		19,904
		Federal National Mortgage Association REMICS
	34,324	Series 2004-46(e)	6.00% - 1M US L	03/25/2034		1,146
	161,758	Series 2006-101(e)(l)	6.58% - 1M US L	10/25/2036		20,793
	451,809	Series 2006-123(e)(l)	6.32% - 1M US L	01/25/2037		59,018
	2,162,199	Series 2006-92(e)(l)	6.58% - 1M US L	10/25/2036		242,486
	55,724	Series 2007-102(e)(l)	6.40% - 1M US L	11/25/2037		5,810
	39,781	Series 2007-108(e)(l)	6.36% - 1M US L	12/25/2037		2,985
	8,544	Series 2007-30(e)(l)	6.11% - 1M US L	04/25/2037		802
	237,645	Series 2007-38(e)(l)	6.08% - 1M US L	05/25/2037		10,814
	9,911	Series 2007-51(e)(l)	6.10% - 1M US L	06/25/2037		883
	32,007	Series 2007-53(e)(l)	6.10% - 1M US L	06/25/2037		1,133
	314,531	Series 2007-57(e)(l)	6.62% - 1M US L	10/25/2036		38,889
	61,960	Series 2007-68(e)(l)	6.65% - 1M US L	07/25/2037		7,086
	403,079	Series 2008-3(e)(l)	6.46% - 1M US L	02/25/2038		54,974
	48,434	Series 2008-56(e)(l)	6.06% - 1M US L	07/25/2038		2,832
	10,742	Series 2008-81	5.50%	09/25/2038		11,213
	144,270	Series 2009-111	5.00%	01/25/2040		150,071
	67,970	Series 2009-111(e)(l)	6.25% - 1M US L	01/25/2040		9,156
	636,020	Series 2009-12(e)(l)	6.60% - 1M US L	03/25/2036		64,614
	16,255	Series 2009-28(e)	6.00% - 1M US L	04/25/2037		1,369
	141,805	Series 2009-41	4.50%	06/25/2039		141,363
	48,869	Series 2009-42(e)(l)	6.00% - 1M US L	06/25/2039		2,590
	95,323	Series 2009-47(e)(l)	6.10% - 1M US L	07/25/2039		7,977
	46,742	Series 2009-62(e)(l)	6.10% - 1M US L	08/25/2039		3,546
	40,475	Series 2009-66(e)	5.80% - 1M US L	02/25/2038		2,853
	30,979	Series 2009-68(e)(l)	5.25% - 1M US L	09/25/2039		2,249
	101,260	Series 2010-11(e)(l)	4.80% - 1M US L	02/25/2040		4,761
	19,197	Series 2010-111(e)(l)	6.00% - 1M US L	10/25/2040		1,841
	56,279	Series 2010-112	4.00%	10/25/2040		53,632
	79,082	Series 2010-115(e)	6.60% - 1M US L	11/25/2039		10,347
	1,093,496	Series 2010-115(e)(l)	6.00% - 1M US L	10/25/2040		144,255
	2,521,455	Series 2010-123(e)(l)	6.05% - 1M US L	11/25/2040		324,196
	427,764	Series 2010-15(e)(l)	4.95% - 1M US L	03/25/2040		37,166
	25,019	Series 2010-34(e)(l)	4.93% - 1M US L	04/25/2040		2,170

Principal Amount/Description			Rate	Maturity	Value
$	36,816	Series 2010-4(e)(l)	6.23% - 1M US L	02/25/2040	$	3,633
	37,061	Series 2010-58(e)	12.47% - 1M US L	06/25/2040		34,614
	1,454,743	Series 2010-75	4.50%	07/25/2040		1,502,083
	109,537	Series 2010-9(e)(l)	4.75% - 1M US L	02/25/2040		5,345
	20,731	Series 2010-9(e)(l)	5.30% - 1M US L	02/25/2040		1,608
	6,168	Series 2010-90(e)(l)	6.00% - 1M US L	08/25/2040		446
	184,426	Series 2011-16	3.50%	03/25/2031		184,953
	236,330	Series 2011-25	3.00%	04/25/2026		235,518
	206,504	Series 2011-29	3.50%	04/25/2031		207,095
	32,071	Series 2011-5(e)	6.40% - 1M US L	11/25/2040		411
	2,123,239	Series 2012-106(e)(l)	6.16% - 1M US L	10/25/2042		250,578
	262,964	Series 2012-124(e)	7.79% - 1M US L	11/25/2042		169,915
	123,267	Series 2012-29(e)(l)	6.00% - 1M US L	04/25/2042		10,102
	351,871	Series 2012-32(l)	5.00%	04/25/2042		56,770
	1,794,076	Series 2012-65(e)(l)	5.98% - 1M US L	06/25/2042		245,553
	725,725	Series 2018-21(h)	0.00%	04/25/2048		585,541
		Freddie Mac Pool
	4,340,124	Series 2021-	2.00%	11/01/2050		3,807,556
	4,399,255	Series 2021-	3.00%	10/01/2051		4,107,086
	1,713,075	Series 2022-	3.00%	03/01/2052		1,607,163
	3,980,435	Series 2022-	3.50%	06/01/2052		3,833,944
	2,700,000	Series 2022-	4.00%	06/01/2052		2,671,496
		Freddie Mac REMICS
	2,479,393	Series 2011-3972(e)(l)	5.90% - 1M US L	12/15/2041		256,886
	2,416,524	Series 2020-5007(e)(l)	6.10% - 1M US L	08/25/2050		379,397
	4,298,352	Series 2020-5041(l)	2.00%	11/25/2050		539,030
	10,427,122	Series 2021-5070(l)	3.50%	02/25/2051		1,680,848
		Freddie Mac STACR REMIC Trust
	4,300,000	Series 2020-DNA6(e)(f)	30D US SOFR + 5.65%	12/25/2050		3,679,743
	2,500,000	Series 2021-DNA1(e)(f)	30D US SOFR + 4.75%	01/25/2051		1,960,162
		GCAT
	1,500,000	Series 2021-NQM4(e)(f)	2.47%	08/25/2025		1,169,589
		Ginnie Mae II Pool
	5,690,387	Series 2021-	2.50%	10/20/2051		5,170,231
	1,692,197	Series 2021-	2.50%	11/20/2051		1,537,398
		Government National Mortgage Association
	32,588	Series 2004-83(e)(l)	6.08% - 1M US L	10/20/2034		2,855
	28,837	Series 2008-6(e)(l)	6.46% - 1M US L	02/20/2038		943
	27,344	Series 2008-67(e)(l)	6.00% - 1M US L	08/20/2038		833
	431,093	Series 2008-69(e)(l)	7.63% - 1M US L	08/20/2038		50,392
	43,355	Series 2009-10(e)(l)	6.65% - 1M US L	02/16/2039		5,403
	443,992	Series 2009-35	4.50%	05/20/2039		451,585
	1,846,502	Series 2009-58(e)(l)	6.25% - 1M US L	06/20/2039		174,678
	30,743	Series 2009-6(e)	5.95% - 1M US L	02/20/2038		786
	857,425	Series 2009-75	5.00%	09/20/2039		900,400
	2,032,231	Series 2010-121(e)(l)	6.00% - 1M US L	09/20/2040		260,153
	34,866	Series 2010-61(e)(l)	6.55% - 1M US L	09/20/2039		3,067
	58,116	Series 2010-98(e)	5.56%	03/20/2039		4,383
	43,436,470	Series 2010-H20(e)(l)	1.44%	10/20/2060		1,418,014
	268,212	Series 2011-69(h)	0.00%	05/20/2041		230,708
	861,383	Series 2011-71	4.50%	02/20/2041		879,484
	622,300	Series 2011-71(e)(l)	5.40% - 1M US L	05/20/2041		59,200
	198,344	Series 2011-72(e)(l)	6.15% - 1M US L	05/20/2041		24,828
	931,367	Series 2011-89(e)(l)	5.45% - 1M US L	06/20/2041		89,461
	1,963,495	Series 2013-113(e)(l)	6.25% - 1M US L	03/20/2043		117,806
	3,333,465	Series 2013-122(e)(l)	6.10% - 1M US L	08/16/2043		425,312
	2,558,806	Series 2013-148(e)(l)	5.68% - 1M US L	10/16/2043		294,002
	2,927,348	Series 2013-186(e)(l)	6.25% - 1M US L	02/16/2043		219,804

Principal Amount/Description			Rate	Maturity	Value
$	2,052,114	Series 2014-156(e)(l)	6.25% - 1M US L	10/20/2044	$	254,738
	4,030,286	Series 2014-4(e)(l)	6.10% - 1M US L	01/16/2044		537,094
	5,142,423	Series 2014-41(e)(l)	6.10% - 1M US L	03/20/2044		629,108
	2,227,645	Series 2014-5(e)(l)	6.15% - 1M US L	07/20/2043		177,693
	3,484,338	Series 2014-95(e)(l)	6.25% - 1M US L	06/16/2044		393,889
	15,795,760	Series 2016-162(e)(l)	0.73%	09/16/2058		579,630
	16,401,166	Series 2016-H21(e)(l)	1.74%	09/20/2066		961,732
	5,813,245	Series 2018-97(e)(l)	6.20% - 1M US L	07/20/2048		654,329
	11,820,163	Series 2019-22(e)	5.60% - 1M US L	02/20/2045		1,305,493
	5,584,042	Series 2019-92(e)(l)	6.10% - 1M US L	07/20/2049		612,460
	19,638,713	Series 2019-H10(e)(l)	1.54%	06/20/2069		725,847
	5,414,767	Series 2019-H18(e)(l)	0.81%	11/20/2069		272,229
	10,642,379	Series 2020-112(e)(l)	6.25% - 1M US L	08/20/2050		1,421,217
	14,297,206	Series 2020-146(e)(l)	6.30% - 1M US L	10/20/2050		2,101,459
	18,912,782	Series 2020-146(e)(l)	3.75% - 1M US L	10/20/2050		1,216,752
	14,145,937	Series 2020-167(e)(l)	3.75% - 1M US L	11/20/2050		623,414
	18,609,835	Series 2020-168(e)(l)	0.98%	12/16/2062		1,371,885
	5,294,512	Series 2020-188(e)	6.30% - 1M US L	11/20/2050		776,815
	20,242,116	Series 2020-H18(e)(l)	1.36%	09/20/2070		1,134,615
	11,910,264	Series 2021-1(e)(l)	6.30% - 1M US L	01/20/2051		1,771,131
	2,917,022	Series 2021-103(e)	3.25% - 30D US SOFR	04/20/2051		107,070
	11,005,064	Series 2021-107(e)(l)	3.75% - 1M US L	06/20/2051		721,372
	1,840,100	Series 2021-117	3.50%	06/20/2051		210,673
	17,651,369	Series 2021-52(e)	0.72%	04/16/2063		1,149,404
	27,124,817	Series 2021-59(e)(l)	2.60% - 30D US SOFR	04/20/2051		468,812
	13,736,341	Series 2021-77(e)	3.75% - 1M US L	05/20/2051		743,694
	6,960,757	Series 2021-89(e)(l)	3.75% - 1M US L	05/20/2051		449,094
	11,080,845	Series 2021-97(e)(l)	3.75% - 1M US L	06/20/2051		759,500
	33,255,483	Series 2021-97(e)(l)	3M US L + 2.44%	06/20/2051		581,765
	32,490,041	Series 2021-H06(e)	1.51%	04/20/2071		928,124
	14,031,019	Series 2021-H08(e)	1.42%	05/20/2071		352,626
	61,496,778	Series 2021-H12(e)	1.21%	08/20/2071		1,194,809
	41,930,227	Series 2022-1(e)(l)	2.65% - 30D US SOFR	01/20/2052		875,029
	27,735,332	Series 2022-48(e)(l)	0.71%	01/16/2064		2,004,898
		GSR Mortgage Loan Trust
	933,881	Series 2006-2F	5.25%	02/25/2036		464,395
	1,664,497	Series 2007-2F	6.00%	03/25/2037		1,031,889
	695,686	Series 2007-AR2(e)	2.98%	05/25/2037		417,612
		Homeward Opportunities Fund Trust
	834,225	Series 2020-BPL1(f)(m)	5.44%	08/25/2025		831,539
		Impac CMB Trust
	107,777	Series 2004-10(e)	1M US L + 0.70%	03/25/2035		92,063
		Imperial Fund Mortgage Trust
	1,000,000	Series 2021-NQM4(e)(f)	3.45%	01/25/2057		817,620
		JP Morgan Resecuritization Trust
	2,241,953	Series 2014-6(e)(f)	1M US L + 0.21%	07/27/2046		2,155,832
		Legacy Mortgage Asset Trust
	13,310,000	Series 2019-GS7(f)(m)	4.50%	11/25/2059		13,247,303
		LHOME Mortgage Trust
	4,250,000	Series 2020-RTL1(f)(m)	3.72%	10/25/2022		4,110,907
	3,750,000	Series 2020-RTL1(f)(m)	4.95%	10/25/2022		3,628,924
	1,300,000	Series 2021-RTL1(e)(f)	2.09%	09/25/2026		1,250,487
	4,400,000	Series 2021-RTL1(e)(f)	4.46%	09/25/2026		4,037,332
	1,500,000	Series 2021-RTL2(f)(m)	4.61%	01/25/2024		1,376,554
		Morgan Stanley Mortgage Loan Trust
	2,831,630	Series 2006-1AR(e)	1M US L + 0.28%	02/25/2036		1,874,394

Principal Amount/Description			Rate	Maturity	Value
		Morgan Stanley Residential Mortgage Loan Trust
$	361,274	Series 2020-RPL1(e)(f)	2.69%	10/25/2023	$	349,605
		NewRez Warehouse Securitization Trust
	4,550,000	Series 2021-1(e)(f)	1M US L + 5.25%	05/25/2055		4,521,957
		Residential Mortgage Loan Trust
	3,250,000	Series 2020-1(e)(f)	4.67%	01/26/2060		2,808,357
		Toorak Mortgage Corp., Ltd.
	3,500,000	Series 2019-2(m)	4.21%	09/25/2022		3,426,547
		Verus Securitization Trust
	2,300,000	Series 2019-INV3(e)(f)	3.28%	11/25/2059		2,165,765
	1,500,000	Series 2021-4(e)(f)	2.20%	07/25/2066		1,142,712
	1,400,000	Series 2021-6(e)(f)	4.05%	10/25/2066		1,066,742
	2,000,000	Series 2021-7(e)(f)	4.19%	10/25/2066		1,396,964
	7,706,000	Series 2022-4(e)(f)	4.77%	04/25/2067		6,545,608
TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $364,575,915)						237,695,239

Shares/Description			Value
Warrants - 0.00%(b)(i)
	219,520	Oas SA, Strike Price 1.00, Expires 05/16/2039		-
TOTAL WARRANTS
(Cost $0)				-
Short-Term Investments - 10.56%
Money Market Fund - 10.56%
	167,143,766	State Street Institutional Trust (7 Day Yield 1.03%)	$	167,143,766
TOTAL SHORT-TERM INVESTMENTS
(Cost $167,143,766)				167,143,766
TOTAL INVESTMENTS - 99.90%
(Cost $1,916,740,537)			$	1,581,018,650
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.10%				1,559,500
NET ASSETS - 100.00%			$	1,582,578,150

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 June 30, 2022 was 1.79% 

3M US L - 3 Month LIBOR as of June 30, 2022 was 2.29% 

6M US L - 6 Month LIBOR as of June 30, 2022 was 2.94% 

1D SOFR - 1 Day SOFR as of June 30, 2022 was 1.10% 

30D SOFR - 30 Day SOFR as of June 30, 2022 was 1.10% 

1Y US TI - 1 Year TI as of June 30, 2022 was 2.79% 

5Y US TI - 5 Year TI as of June 30, 2022 was 2.88% 

10Y US TI - 10 Year TI as of June 30, 2022 was 2.88%

^(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 June 30, 2022, the aggregate fair value of those securities was $21,981,586, representing 1.39% of net assets.

^(e) Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2022. 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 $471,872,228, which represents approximately 29.82% of net assets as of June 30, 2022.

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

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

⁽ⁱ⁾ Less than 0.005%.

^(j) 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.

^(k) Security is currently in default.

^(l) Interest only securities.

^(m) Step up bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at June 30, 2022.

See Notes to Quarterly Schedule of Investments.

RiverNorth/Oaktree High Income Fund

SCHEDULE OF INVESTMENTS

June 30, 2022 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 3.89%
	82,471	BNY Mellon High Yield Strategies Fund	$	187,209
	26,446	First Trust High Yield Opportunities 2027 Term Fund		384,260
	14,482	Nuveen Core Plus Impact Fund		169,729
	79,091	Nuveen Credit Strategies Income Fund		411,273
	17,278	PGIM Global High Yield Fund, Inc.		198,179
	12,900	PIMCO Dynamic Income Opportunities Fund		178,665
	20,033	Western Asset Emerging Markets Debt Fund, Inc.		176,892
TOTAL CLOSED-END FUNDS
(Cost $2,044,849)				1,706,207
COMMON STOCKS - 0.41%
	10,837	Barings BDC, Inc.	$	100,893
	947	DBI Investors, Inc.(a)(b)		350
	3,304	PHI Group, Inc.(a)		78,305
	6	Toys R Us Propco Equity, Perpetual Maturity(b)		36
TOTAL COMMON STOCKS
(Cost $321,865)				179,584
PREFERRED STOCKS - 0.30%
	116	DBI Investors Inc., 10.000%(a)(b)(c)	$	26
	131	Sequa Corp., 7.000%(a)(c)		131,000
TOTAL PREFERRED STOCKS
(Cost $142,039)				131,026

Principal Amount/Description			Rate	Maturity	Value
BANK LOANS - 29.63%(d)
Germany - 0.50%
$	228,834	Springer Nature Deutschland GmbH, First Lien  - Initial B18 Term Loan	1M US L + 3.00%, 0.75% Floor	08/14/2026	$	220,310
Great Britain - 1.79%
	249,375	City Football Group Limited, TL	3M US L + 3.50%	07/09/2028		230,672
	144,003	EG Group, Ltd., First Lien  - Additional Facility Term Loan	3M US L + 4.00%	02/07/2025		135,723
	300,000	Genesis Care Finance Pty, Ltd., First Lien  - Facility B2 Term Loan	3M EUR L + 3.50%	10/30/2025		216,043
	181,182	Lernen Bidco, Ltd., First Lien  - Facility B1 (EUR) Term Loan	6M EUR L + 4.25%	10/24/2025		172,884
	33,000	Osmosis Buyer, Ltd., First Lien  - Initial B Term Loan	3M US L + 2.75%, 0.50% Floor	06/17/2028		30,154
						785,476
Luxembourg - 0.53%
	246,233	Surf Holdings S.a r.l., First Lien  - Dollar Tranche Term Loan	3M US L + 3.50%	03/05/2027		232,075
Netherlands - 1.16%
	283,418	Peer Holding III B.V., First Lien  - Facility B Term Loan	3M EUR L + 3.00%	03/07/2025		277,085

Principal Amount/Description			Rate	Maturity	Value
$	250,000	Sigma Holdco B.V., First Lien  - Facility B4 (GBP) Term Loan	6M US L + 4.00%	07/02/2025	$	233,317
						510,402
United States - 25.65%
	232,595	Access CIG LLC, First Lien  - B Term Loan	3M US L + 3.75%	02/27/2025		220,326
	49,622	Adavantage Sales & Marketing Inc., First Lien	1M US L + 4.50%	10/28/2027		45,789
	64,623	Adtalem Global Education, Inc., First Lien  - B Term Loan	3M US L + 3.00%, 0.75% Floor	08/12/2028		61,772
	124,062	Allied Universal Holdco LLC, First Lien  - Initial U.S. Dollar Term Loan	1M US L + 3.75%, 0.50% Floor	05/12/2028		113,982
	56,000	Amentum Government Services Holdings, LLC, First Lien	3M US L + 4.00%	02/07/2029		53,480
	97,510	American Auto Auction Group, LLC, First Lien		12/30/2027		91,568
	52,470	American Rock Salt Company LLC, First Lien  - Initial Term Loan	3M US L + 3.25%, 0.75% Floor	06/09/2028		47,617
	43,575	Ankura Consulting Group LLC, First Lien  - Closing Date Term Loan	3M US L + 4.00%, 0.75% Floor	03/17/2028		41,397
	54,450	Artera Services, LLC, TL	L + 3.50%, 1.00% Floor	03/06/2025		43,332
	27,868	ASP Blade Holdings, Inc. TLB 1L	1M US L + 4.00%	10/07/2028		24,617
	242,418	Astoria Energy LLC, First Lien  - B Advance (2020) Term Loan	3M US L + 4.25%, 1.00% Floor	12/10/2027		229,009
	99,750	Astra Acquisition Corp., First Lien  - Initial Term Loan	3M US L + 5.25%	10/22/2028		87,198
	140,281	Asurion LLC, First Lien  - New B-8 Term Loan	1M US L + 3.25%	12/23/2026		127,569
	99,000	Azalea TopCo, Inc., First Lien	3M US L + 4.00%, 0.75% Floor	07/24/2026		94,297
	74,624	Baldwin Risk Partners LLC, First Lien	1M US L + 3.50%, 0.50% Floor	10/14/2027		71,173
	159,181	BCP Renaissance Parent LLC, First Lien  - Initial Term Loan	1M US L + 3.50%, 1.00% Floor	10/31/2024		154,140
	7,105	BCPE North Star US Holdco 2, Inc., First Lien	3M US L + 3.75%, 0.75% Floor	06/10/2028		6,586
	63,640	BCPE North Star US Holdco 2, Inc., First Lien  - Initial Term Loan	3M US L + 3.75%, 0.75% Floor	06/09/2028		58,986
	100,000	Bengal Debt Merger Sub, LLC, First Lien	3M US L + 3.35%	01/19/2029		93,416
	25,000	Bengal Debt Merger Sub, LLC, Second Lien	3M US L + 6.00%	01/18/2030		23,000
	240,625	Bracket Intermediate Holding Corp., First Lien  - Initial Term Loan	3M US L + 4.25%	09/05/2025		232,554
	241,325	Brookfield WEC Holdings, Inc., First Lien  - Initial (2021) Term Loan	3M US L + 2.75%, 0.50% Floor	08/01/2025		228,820
	7,302	BW Holding, Inc., First Lien	3M US L + 4.15%, 0.50% Floor	12/14/2028		6,873
	24,686	Carnival Corp., First Lien  - Initial Advance Term Loan	3M US L + 7.50%, 0.75% Floor	06/30/2025		23,044
	25,870	Carnival Corporation TLB 1L	3M US L + 3.25%	10/06/2028		23,283
	176,126	Charter Next Generation, Inc., First Lien  - Initial (2021) Term Loan	1M US L + 3.75%, 0.75% Floor	12/01/2027		166,329
	244,937	CITGO Petroleum Corp., First Lien  - 2019 Incremental B Term Loan	3M US L + 6.25%, 1.00% Floor	03/28/2024		243,483
	125,000	Clydesdale Acquisition Holdings, Inc., First Lien	1M US L + 4.25%, 0.50% Floor	04/13/2029		117,188
	124,063	Consilio/Skopima 5/21 Cov-Lite TLB	1M US L + 4.00%	05/12/2028		113,982
	26,867	CPV Maryland LLC, First Lien  - B Advance Term Loan	3M US L + 5.25%, 1.00% Floor	05/11/2028		26,005

Principal Amount/Description			Rate	Maturity	Value
$	148,500	CQP Holdco LP TLB	3M US L + 4.00%	06/05/2028	$	139,961
	71,803	DIRECTV Financing LLC, First Lien  - Closing Date Term Loan	1M US L + 5.00%, 0.75% Floor	08/02/2027		66,313
	25,946	Diversitech Holdings, Inc.	3M US L + 3.75%	12/15/2028		24,454
	247,500	DRW Holdings LLC, First Lien  - Initial Term Loan	3M US L + 3.75%	03/01/2028		238,064
	33,915	Echo Global Logistics, Inc. TL 1L	1M US L + 3.50%	11/03/2028		31,761
	77,805	Electron BidCo, Inc. TL 1L	1M US L + 3.00%	10/07/2028		73,074
	149,625	Fertitta Entertainment, LLC, First Lien	1M US L + 4.00%	01/13/2029		138,404
	240,645	Flynn Restaurant Group LP, First Lien  - Initial Term Loan	1M US L + 3.50%	06/27/2025		235,682
	246,264	Great Outdoors Group LLC, First Lien	1M US L + 3.75%, 0.75% Floor	03/05/2028		225,270
	246,875	Greeneden U.S. Holdings I LLC, First Lien  - Initial Dollar (2020) Term Loan	1M US L + 4.00%, 0.75% Floor	12/01/2027		236,753
	244,497	Harbor Freight Tools USA, Inc., First Lien  - Initial (2021) Term Loan	L + 2.75%, 0.50% Floor	10/19/2027		217,394
	187,623	Helix Gen Funding LLC, First Lien	1M US L + 3.75%, 1.00% Floor	06/03/2024		173,950
	149,381	Houghton Mifflin Harcrt Co Tl 1L	1M US L + 5.25%	04/04/2029		135,844
	62,370	Hudson River Trading LLC, First Lien	1M US L + 3.00%	03/20/2028		58,558
	63,000	Hunter Douglas, Inc., First Lien	3M US L + 3.50%	02/09/2029		54,466
	102,526	Intelsat Jackson Holdings S.A.TLB 1L	3M US L + 4.00%	01/26/2029		94,305
	246,875	IRB Holding Corp., First Lien	1M US L + 3.15%, 0.75% Floor	12/15/2027		232,371
	248,128	Ivanti Software, Inc., First Lien	3M US L + 4.25%, 0.75% Floor	12/01/2027		214,425
	109,221	KUEHG Corp, First Lien  - B-3 Term Loan	3M US L + 3.75%, 1.00% Floor	02/21/2025		102,044
	211,910	LMBE-MC Holdco II LLC, First Lien	3M US L + 4.00%, 1.00% Floor	12/03/2025		204,493
	208,933	LogMeIn, Inc., First Lien  - Initial Term Loan	1M US L + 4.75%	08/31/2027		161,401
	37,500	LTI Holdings, Inc., First Lien	L + 4.75%	07/24/2026		35,344
	62,031	LTI Holdings, Inc., First Lien  - Second Amendment Additional Term Loan	3M US L + 4.00%	07/24/2026		58,464
	45,655	Majordrive Holdings IV LLC, First Lien  - Initial Term Loan	3M US L + 3.75%, 0.50% Floor	06/01/2028		41,189
	59,000	McAfee Corp., First Lien	1M US L + 4.00%	02/02/2029		53,887
	27,539	Merion Rose Merger Sub, Inc., First Lien	3M US L + 4.00%	12/08/2028		25,921
	250,000	Mileage Plus Holdings LLC, First Lien ��- Initial Term Loan	3M US L + 5.25%, 1.00% Floor	06/21/2027		247,625
	70,822	Mitchell International, Inc. TLB	1M US L + 3.75%	10/01/2028		64,714
	238,196	Natgasoline LLC, First Lien  - Initial Term Loan	3M US L + 3.625%	11/14/2025		228,073
	65,000	Olaplex, Inc. TL 1L	3M US L + 3.75%	02/17/2029		61,588
	150,000	Olympus Water US Holding Corp., First Lien	0.50% Floor	11/09/2028		141,188
	49,875	Oryx Midstream Services Permian Basin LLC, TLB, First Lien	L + 3.25%, 0.50% Floor	09/30/2028		47,589
	100,000	Osmosis Buyer Limited TLB 1L	6M US L + 4.00%	07/31/2028		91,167
	246,250	Pactiv Evergreen, Inc., First Lien  - Tranche B-2 U.S. Term Loan	1M US L + 3.25%	02/05/2026		230,399
	58,871	Parkway Generation, LLC, First Lien	1M US L + 4.75%	11/05/2028		56,884
	98,481	PetVet Care Centers LLC, First Lien  - 2021 Replacement Term Loan	3M US L + 3.50%, 0.75% Floor	02/14/2025		93,146
	95,000	PMHC II, INC.TLB 1L	6M US L + 4.25%	02/02/2029		83,323
	32,753	Polaris Newco LLC, First Lien  - Dollar Term Loan	L + 4.00%, 0.50% Floor	06/04/2028		30,360

Principal Amount/Description			Rate	Maturity	Value
$	246,865	ProAmpac PG Borrower LLC, First Lien  - 2020-1 Term Loan	3M US L + 3.75%, 0.75% Floor	11/03/2025	$	229,338
	243,750	Pug LLC, First Lien  - USD B Term Loan	1M US L + 3.50%	02/12/2027		220,594
	235,231	Recorded Books, Inc., First Lien  - 2021 Replacement Term Loan	3M US L + 2.75%	08/29/2025		223,910
	124,224	Redwood Star Merger Sub, Inc.	1M US L + 4.60%	03/16/2029		116,087
	34,000	Renaissance Holdings Corp., First Lien	1M US L + 4.50%, 0.50% Floor	04/01/2027		32,583
	54,863	Restaurant Technologies, Inc. TLB 1L	3M US L + 4.25%	03/17/2029		52,760
	40,720	SCIH Salt Holdings, Inc., First Lien  - Incremental B-1 Term Loan	3M US L + 3.50%, 0.75% Floor	03/16/2027		36,496
	148,875	SeaWorld Parks & Entertainment, Inc., First Lien  - B Term Loan	L + 3.00%, 0.50% Floor	08/25/2028		140,147
	39,952	Secure Acquisition, Inc.	3M US L + 5.00%	12/15/2028		37,355
	5,948	Secure Acquisition, Inc., First Lien	3M US L + 5.00%, 0.50% Floor	12/23/2028		5,561
	218,123	Shearer's Foods LLC, First Lien	3M US L + 3.50%, 0.75% Floor	09/23/2027		198,960
	3,385	SM Wellness Holdings, Inc., First Lien	3M US L + 4.75%, 1.00% Floor	04/15/2028		3,266
	40,412	SM Wellness Holdings, Inc., First Lien  - Initial Term Loan	3M US L + 3.75%, 0.75% Floor	04/17/2028		38,998
	250,000	Sotera Health Holdings LLC, First Lien  - Refinancing Term Loan	3M US L + 3.25%, 0.50% Floor	12/11/2026		238,437
	148,500	Spin Holdco, Inc., First Lien  - Initial Term Loan	1M US L + 3.50%, 0.75% Floor	03/04/2028		137,140
	175,560	SRS Distribution, Inc., First Lien	3M US L + 3.50%, 0.50% Floor	06/04/2028		162,229
	209,449	St. George's University Scholastic Services LLC, First Lien	3M US L + 3.25%	07/17/2025		197,929
	27,611	Sylvamo Corporation, TLB	1M US L+ 4.50%	08/18/2028		26,382
	99,250	Tiger Acquisition LLC, First Lien  - Initial Term Loan	L + 3.25%, 0.50% Floor	06/01/2028		89,457
	72,344	Triton Water Holdings, Inc., First Lien  - Initial Term Loan	3M US L + 3.50%, 0.50% Floor	03/31/2028		64,309
	270,766	Uber Technologies, Inc., First Lien  - 2021 Incremental Term Loan	1M US L + 3.50%	04/04/2025		260,853
	102,089	UFC Holdings LLC, First Lien	3M US L + 2.75%, 0.75% Floor	04/29/2026		95,402
	246,261	UKG, Inc., First Lien	3M US L + 3.25%, 0.50% Floor	05/03/2026		231,371
	49,500	United AirLines, Inc., First Lien  - Class B Term Loan	1M US L + 3.75%, 0.75% Floor	04/21/2028		46,221
	26,865	United Site 11/21 Cov-Lite	1M US L + 4.25%	11/04/2028		24,341
	44,888	Univision Communications, Inc., First Lien  - B Term Loan	3M US L + 4.00%, 0.75% Floor	05/05/2028		42,110
	247,994	Verscend Holding Corp., First Lien  - B-1 Term Loan	1M US L + 4.00%	08/27/2025		238,074
	44,888	Vertex Aerospace Services Corp TL	1M US L + 4.00%	11/10/2028		42,728
	64,675	W. R. Grace Holdings LLC, First Lien  - Initial Term Loan	L + 3.75%, 0.50% Floor	09/22/2028		61,554
	82,585	Whatabrands LLC, First Lien  - Initial B Term Loan	1M US L + 3.25%, 0.50% Floor	08/03/2028		77,643
	245,331	William Morris Endeavor Entertainment LLC, First Lien  - B-1 Term Loan	1M US L + 2.75%	05/18/2025		231,707

Principal Amount/Description			Rate	Maturity	Value
$	128,952	YI LLC, First Lien  - Initial Term Loan	1M US L + 4.00%, 1.00% Floor	11/07/2024	$	123,794
						11,248,399
TOTAL BANK LOANS
(Cost $14,090,920)						12,996,662
HIGH YIELD DEBT- 46.88%
Australia - 0.47%
$	40,000	Mineral Resources, Ltd.(e)	8.13%	05/01/2027	$	39,042
	85,000	Mineral Resources, Ltd.(e)	8.50%	05/01/2030		83,865
	100,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.(e)	5.00%	01/27/2030		84,725
						207,632
Canada - 1.72%
	69,000	Bombardier, Inc.(e)	7.50%	03/15/2025		62,547
	80,000	Bombardier, Inc.(e)	7.13%	06/15/2026		66,216
	45,000	Bombardier, Inc.(e)	6.00%	02/15/2028		33,793
	110,000	Cascades, Inc./Cascades USA, Inc.(e)	5.38%	01/15/2028		93,701
	75,000	Eldorado Gold Corp.(e)	6.25%	09/01/2029		61,269
	25,000	First Quantum Minerals, Ltd.(e)	6.50%	03/01/2024		24,058
	85,000	GFL Environmental, Inc.(e)	5.13%	12/15/2026		81,430
	105,000	Intelligent Packaging, Ltd. Finco, Inc. / Intelligent Packaging Ltd Co.-Issuer LLC(e)	6.00%	09/15/2028		87,181
	110,000	Mercer International, Inc.	5.13%	02/01/2029		94,137
	60,000	Precision Drilling Corp.(e)	7.13%	01/15/2026		56,479
	25,000	Precision Drilling Corp.(e)	6.88%	01/15/2029		22,412
	80,000	Strathcona Resources, Ltd.(e)	6.88%	08/01/2026		72,912
						756,135
France - 2.18%
	100,000	Afflelou SAS(f)	4.25%	05/19/2026		89,653
	120,000	Altice France SA(e)	5.50%	01/15/2028		97,033
	55,000	Altice France SA(e)	5.13%	07/15/2029		41,698
	100,000	Altice France SA(e)	4.25%	10/15/2029		78,517
	100,000	Banijay Entertainment SASU(e)	3.50%	03/01/2025		93,840
	100,000	CAB SELAS(f)	3.38%	02/01/2028		84,543
	100,000	Chrome Bidco SASU(e)	3.50%	05/31/2028		86,240
	100,000	Faurecia SE	2.75%	02/15/2027		81,926
	155,000	Iliad Holding SASU(e)	5.63%	10/15/2028		138,888
	100,000	Kapla Holding SAS(f)	3.38%	12/15/2026		82,903
	100,000	Loxam SAS	5.75%	07/15/2027		82,738
						957,979
Germany - 1.20%
	100,000	Cheplapharm Arzneimittel GmbH(f)	4.38%	01/15/2028		89,535
	100,000	Gruenenthal GmbH(e)	4.13%	05/15/2028		90,124
	100,000	IHO Verwaltungs GmbH(f)(g)	3.75%    (4.50%)	09/15/2026		87,171
	100,000	Nidda BondCo GmbH(f)	7.25%	09/30/2025		88,063
	100,000	Renk AG/Frankfurt am Main(f)	5.75%	07/15/2025		95,783
	100,000	TUI Cruises GmbH(f)	6.50%	05/15/2026		74,060
						524,736
Great Britain - 1.73%
	100,000	Arqiva Broadcast Finance PLC	6.75%	09/30/2023		116,400
	100,000	eG Global Finance PLC(f)	6.25%	10/30/2025		94,389
	100,000	INEOS Finance PLC(f)	2.88%	05/01/2026		91,772
	100,000	INEOS Quattro Finance 1 PLC(f)	3.75%	07/15/2026		84,343
	100,000	Thames Water Kemble Finance PLC(f)	4.63%	05/19/2026		113,998
	100,000	Victoria PLC	3.63%	08/24/2026		81,861
	120,000	Vmed O2 UK Financing I PLC(e)	4.75%	07/15/2031		97,200

Principal Amount/Description			Rate	Maturity	Value
$	100,000	Vodafone Group PLC(d)	3.00% - 5Y EUR SWAP	08/27/2080	$	79,739
						759,702
Hong Kong - 0.16%
	85,000	Seaspan Corp.(e)	5.50%	08/01/2029		67,931
Ireland - 0.43%
	100,000	eircom Finance DAC	3.50%	05/15/2026		89,076
	100,000	Virgin Media Vendor Financing Notes III DAC(e)	4.88%	07/15/2028		97,993
						187,069
Italy - 1.69%
	100,000	Bormioli Pharma SpA(d)(f)	3M EUR L + 3.50%	11/15/2024		93,921
	100,000	Cedacri Mergeco SPA(d)(e)	3M EUR L + 4.625%	05/15/2028		96,861
	100,000	Centurion Bidco SpA(f)	5.88%	09/30/2026		91,994
	100,000	Gamma Bidco SpA(d)(f)	3M EUR L + 6.00%	07/15/2025		98,845
	100,000	Guala Closures SpA(f)	3.25%	06/15/2028		84,798
	100,000	Sofima Holding SpA(f)	3.75%	01/15/2028		84,379
	100,000	TeamSystem SpA(e)	3.50%	02/15/2028		88,630
	100,000	Telecom Italia SpA	4.00%	04/11/2024		103,445
						742,873
Jersey - 0.26%
	100,000	AA Bond Co., Ltd.(f)	6.50%	01/31/2026		112,801
Luxembourg - 2.20%
	55,000	Altice Financing SA(e)	5.75%	08/15/2029		44,293
	100,000	Altice Financing SA(e)	4.25%	08/15/2029		79,383
	100,000	Altice France Holding SA(e)	4.00%	02/15/2028		71,487
	100,000	ARD Finance SA(e)(g)	5.00%    (5.75%)	06/30/2027		75,951
	100,000	Cirsa Finance International Sarl(e)	4.50%	03/15/2027		85,146
	100,000	Dana Financing Luxembourg Sarl(e)	3.00%	07/15/2029		75,322
	110,000	EverArc Escrow Sarl(e)	5.00%	10/30/2029		92,738
	70,000	Intelsat Jackson Holdings SA(e)	6.50%	03/15/2030		57,925
	55,000	ION Trading Technologies Sarl(e)	5.75%	05/15/2028		44,057
	100,000	Matterhorn Telecom SA(f)	4.00%	11/15/2027		89,595
	100,000	Summer BC Holdco B SARL(f)	5.75%	10/31/2026		91,726
	85,000	Telecom Italia Capital SA	6.38%	11/15/2033		65,881
	100,000	Telenet Finance Luxembourg Notes SARL(f)	3.50%	03/01/2028		89,470
						962,974
Netherlands - 1.77%
	115,000	Energizer Gamma Acquisition BV(e)	3.50%	06/30/2029		86,285
	100,000	Intertrust Group BV(f)	3.38%	11/15/2025		99,681
	100,000	Trivium Packaging Finance BV(e)	3.75%	08/15/2026		96,543
	200,000	UPC Holding BV(e)	5.50%	01/15/2028		171,237
	125,000	WP/AP Telecom Holdings IV BV(e)	3.75%	01/15/2029		107,726
	45,000	Ziggo Bond Co. BV(e)	5.13%	02/28/2030		35,356
	100,000	Ziggo Bond Co. BV(f)	3.38%	02/28/2030		73,828
	145,000	Ziggo Bond Co. BV(e)	3.38%	02/28/2030		107,051
						777,707
Spain - 0.77%
	100,000	Grifols Escrow Issuer SA(e)	3.88%	10/15/2028		86,801
	100,000	Grupo Antolin-Irausa SA(f)	3.38%	04/30/2026		78,327
	100,000	Kaixo Bondco Telecom SA(e)	5.13%	09/30/2029		79,907
	105,000	Lorca Telecom Bondco SA(e)	4.00%	09/18/2027		92,276
						337,311
Sweden - 0.47%
	100,000	Samhallsbyggnadsbolaget i Norden AB(c)(d)	3.223% - 5Y EUR SWAP	12/31/2049		34,921

Principal Amount/Description			Rate	Maturity	Value
$	100,000	Verisure Holding AB(f)	3.88%	07/15/2026	$	92,038
	100,000	Verisure Midholding AB(f)	5.25%	02/15/2029		80,154
						207,113
United States - 31.83%
	40,000	Academy, Ltd.(e)	6.00%	11/15/2027		36,618
	135,000	Acadia Healthcare Co., Inc.(e)	5.50%	07/01/2028		126,337
	10,000	Acadia Healthcare Co., Inc.(e)	5.00%	04/15/2029		8,992
	55,000	ACCO Brands Corp.(e)	4.25%	03/15/2029		45,158
	70,000	Acuris Finance US, Inc. / Acuris Finance SARL(e)	5.00%	05/01/2028		58,228
	65,000	Affinity Gaming(e)	6.88%	12/15/2027		54,683
	70,000	Ahead DB Holdings LLC(e)	6.63%	05/01/2028		58,135
	45,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(e)	5.88%	02/15/2028		42,138
	105,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(e)	6.63%	07/15/2026		96,555
	125,000	AMC Networks, Inc.	4.25%	02/15/2029		101,658
	60,000	American Airlines, Inc.(e)	11.75%	07/15/2025		62,299
	95,000	American Axle & Manufacturing, Inc.	5.00%	10/01/2029		77,303
	100,000	American Finance Trust, Inc. / American Finance Operating Partner LP(e)	4.50%	09/30/2028		78,677
	175,000	APX Group, Inc.(e)	6.75%	02/15/2027		162,522
	70,000	APX Group, Inc.(e)	5.75%	07/15/2029		54,313
	10,000	Aramark Services, Inc.(e)	6.38%	05/01/2025		9,804
	115,000	Aramark Services, Inc.(e)	5.00%	02/01/2028		104,456
	45,000	Archrock Partners LP / Archrock Partners Finance Corp.(e)	6.88%	04/01/2027		41,091
	125,000	Archrock Partners LP / Archrock Partners Finance Corp.(e)	6.25%	04/01/2028		110,857
	105,000	Arconic Corp.(e)	6.13%	02/15/2028		98,265
	75,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.(e)	7.00%	11/01/2026		69,850
	110,000	ASP Unifrax Holdings, Inc.(e)	5.25%	09/30/2028		87,978
	150,000	AssuredPartners, Inc.(e)	5.63%	01/15/2029		120,287
	100,000	Avantor Funding, Inc.(f)	3.88%	07/15/2028		91,241
	200,000	Bausch Health Cos., Inc.(e)	6.13%	02/01/2027		170,359
	65,000	Bausch Health Cos., Inc.(e)	4.88%	06/01/2028		51,000
	60,000	BellRing Brands, Inc.(e)	7.00%	03/15/2030		56,632
	60,000	Big River Steel LLC / BRS Finance Corp.(e)	6.63%	01/31/2029		55,790
	45,000	Buckeye Partners LP(e)	4.50%	03/01/2028		37,958
	85,000	Cablevision Lightpath LLC(e)	5.63%	09/15/2028		66,609
	125,000	Caesars Entertainment, Inc.(e)	6.25%	07/01/2025		120,889
	70,000	Callon Petroleum Co.(e)	7.50%	06/15/2030		64,518
	160,000	Calpine Corp.(e)	5.13%	03/15/2028		141,239
	175,000	Carnival Corp.(e)	5.75%	03/01/2027		126,999
	30,000	Carnival Corp.(e)	10.50%	06/01/2030		24,758
	50,000	CCO Holdings LLC / CCO Holdings Capital Corp.(e)	5.50%	05/01/2026		48,874
	25,000	CCO Holdings LLC / CCO Holdings Capital Corp.(e)	5.00%	02/01/2028		23,154
	15,000	CCO Holdings LLC / CCO Holdings Capital Corp.(e)	5.38%	06/01/2029		13,439
	120,000	CCO Holdings LLC / CCO Holdings Capital Corp.(e)	4.75%	03/01/2030		102,998
	55,000	CDI Escrow Issuer, Inc.(e)	5.75%	04/01/2030		50,166
	130,000	Cedar Fair LP	5.25%	07/15/2029		114,828
	65,000	Central Garden & Pet Co.	5.13%	02/01/2028		58,444
	74,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.(e)	5.75%	03/01/2025		72,208

Principal Amount/Description			Rate	Maturity	Value
$	5,000	Cheniere Energy Partners LP(e)	3.25%	01/31/2032	$	3,949
	90,000	Cheniere Energy, Inc.	4.63%	10/15/2028		81,341
	30,000	CHS/Community Health Systems, Inc.(e)	8.00%	03/15/2026		27,407
	60,000	CHS/Community Health Systems, Inc.(e)	5.63%	03/15/2027		50,946
	160,000	CHS/Community Health Systems, Inc.(e)	6.00%	01/15/2029		132,779
	15,000	CHS/Community Health Systems, Inc.(e)	4.75%	02/15/2031		11,023
	65,000	Churchill Downs, Inc.(e)	5.50%	04/01/2027		61,842
	10,000	Churchill Downs, Inc.(e)	4.75%	01/15/2028		8,918
	205,000	CITGO Petroleum Corp.(e)	7.00%	06/15/2025		198,761
	35,000	CITGO Petroleum Corp.(e)	6.38%	06/15/2026		32,387
	65,000	Cleveland-Cliffs, Inc.(e)	6.75%	03/15/2026		64,646
	100,000	Clydesdale Acquisition Holdings, Inc.(e)	6.63%	04/15/2029		94,106
	90,000	Cogent Communications Group, Inc.(e)	7.00%	06/15/2027		86,335
	75,000	Colgate Energy Partners III LLC(e)	7.75%	02/15/2026		71,432
	35,000	Colgate Energy Partners III LLC(e)	5.88%	07/01/2029		30,717
	34,000	CommScope Technologies LLC(e)	6.00%	06/15/2025		29,476
	30,000	CommScope, Inc.(e)	6.00%	03/01/2026		27,690
	155,000	CommScope, Inc.(e)	8.25%	03/01/2027		122,913
	25,000	CommScope, Inc.(e)	7.13%	07/01/2028		19,038
	30,000	CommScope, Inc.(e)	4.75%	09/01/2029		24,285
	85,000	Comstock Resources, Inc.(e)	6.75%	03/01/2029		76,293
	25,000	Comstock Resources, Inc.(e)	5.88%	01/15/2030		21,568
	55,000	Consensus Cloud Solutions, Inc.(e)	6.50%	10/15/2028		45,465
	70,000	Consolidated Communications, Inc.(e)	5.00%	10/01/2028		56,061
	130,000	Coty, Inc.(e)	5.00%	04/15/2026		119,341
	115,000	Crocs, Inc.(e)	4.25%	03/15/2029		85,237
	62,000	CrownRock LP / CrownRock Finance, Inc.(e)	5.63%	10/15/2025		58,448
	35,000	CrownRock LP / CrownRock Finance, Inc.(e)	5.00%	05/01/2029		31,444
	115,000	CSC Holdings LLC(e)	5.75%	01/15/2030		83,976
	25,000	CSC Holdings LLC(e)	5.00%	11/15/2031		16,890
	20,000	Cushman & Wakefield US Borrower LLC(e)	6.75%	05/15/2028		18,611
	100,000	CVR Energy, Inc.(e)	5.25%	02/15/2025		92,082
	30,000	CVR Energy, Inc.(e)	5.75%	02/15/2028		26,794
	20,000	Dana, Inc.	5.38%	11/15/2027		17,365
	30,000	Dana, Inc.	5.63%	06/15/2028		25,877
	30,000	DCP Midstream Operating LP(e)	6.45%	11/03/2036		29,587
	20,000	DCP Midstream Operating LP	5.60%	04/01/2044		16,200
	145,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.(e)	5.88%	08/15/2027		124,164
	35,000	DISH DBS Corp.	7.75%	07/01/2026		27,405
	85,000	DISH DBS Corp.(e)	5.25%	12/01/2026		66,786
	30,000	DISH DBS Corp.(e)	5.75%	12/01/2028		22,269
	55,000	DISH DBS Corp.	5.13%	06/01/2029		33,594
	45,000	Edgewell Personal Care Co.(e)	5.50%	06/01/2028		41,032
	65,000	Elastic NV(e)	4.13%	07/15/2029		54,343
	50,000	EnLink Midstream LLC(e)	5.63%	01/15/2028		45,951
	60,000	EnLink Midstream Partners LP	5.05%	04/01/2045		40,688
	40,000	EQM Midstream Partners LP(e)	7.50%	06/01/2027		38,664
	15,000	EQM Midstream Partners LP(e)	4.50%	01/15/2029		12,206
	40,000	EQM Midstream Partners LP(e)	4.75%	01/15/2031		32,014
	50,000	Everi Holdings, Inc.(e)	5.00%	07/15/2029		42,317
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.(e)	4.63%	01/15/2029		42,767
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.(e)	6.75%	01/15/2030		38,519
	10,000	FirstCash, Inc.(e)	4.63%	09/01/2028		8,649
	90,000	FirstCash, Inc.(e)	5.63%	01/01/2030		77,861
	25,000	Ford Motor Credit Co. LLC	2.30%	02/10/2025		22,502

Principal Amount/Description			Rate	Maturity	Value
$	15,000	Ford Motor Credit Co. LLC	2.90%	02/16/2028	$	12,111
	5,000	Ford Motor Credit Co. LLC	5.11%	05/03/2029		4,493
	65,000	Ford Motor Credit Co. LLC	4.00%	11/13/2030		52,798
	30,000	Frontier Communications Holdings LLC(e)	5.88%	10/15/2027		27,051
	195,000	Frontier Communications Holdings LLC(e)	5.00%	05/01/2028		166,191
	35,000	Frontier Communications Holdings LLC(e)	6.75%	05/01/2029		28,884
	35,000	Go Daddy Operating Co. LLC / GD Finance Co, Inc.(e)	5.25%	12/01/2027		32,092
	55,000	Goodyear Tire & Rubber Co.	9.50%	05/31/2025		56,990
	75,000	Greystar Real Estate Partners LLC(e)	5.75%	12/01/2025		71,121
	100,000	HAT Holdings I LLC / HAT Holdings II LLC(e)	3.38%	06/15/2026		86,259
	130,000	Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.(e)	5.75%	01/20/2026		116,828
	100,000	Herc Holdings, Inc.(e)	5.50%	07/15/2027		91,479
	105,000	Hertz Corp.(e)	4.63%	12/01/2026		87,910
	75,000	Hess Midstream Operations LP(e)	5.63%	02/15/2026		71,589
	5,000	Hess Midstream Operations LP(e)	5.13%	06/15/2028		4,497
	50,000	Hess Midstream Operations LP(e)	4.25%	02/15/2030		41,967
	40,000	Holly Energy Partners LP / Holly Energy Finance Corp.(e)	6.38%	04/15/2027		37,731
	55,000	HUB International, Ltd.(e)	7.00%	05/01/2026		51,829
	45,000	HUB International, Ltd.(e)	5.63%	12/01/2029		37,229
	100,000	Hunt Companies, Inc.(e)	5.25%	04/15/2029		85,149
	40,000	IAA, Inc.(e)	5.50%	06/15/2027		37,312
	10,000	iHeartCommunications, Inc.	8.38%	05/01/2027		7,968
	110,000	iHeartCommunications, Inc.(e)	5.25%	08/15/2027		94,303
	30,000	Imola Merger Corp.(e)	4.75%	05/15/2029		25,200
	100,000	International Game Technology PLC	3.50%	06/15/2026		95,671
	145,000	Iron Mountain, Inc.(e)	5.25%	03/15/2028		130,449
	15,000	Iron Mountain, Inc.(e)	5.00%	07/15/2028		13,313
	55,000	Iron Mountain, Inc.(e)	5.25%	07/15/2030		47,921
	95,000	JB Poindexter & Co., Inc.(e)	7.13%	04/15/2026		91,325
	70,000	Kennedy-Wilson, Inc.	4.75%	03/01/2029		56,803
	55,000	Kinetik Holdings LP(e)	5.88%	06/15/2030		52,491
	2,000	Kraft Heinz Foods Co.	6.88%	01/26/2039		2,201
	90,000	LABL, Inc.(e)	5.88%	11/01/2028		72,837
	45,000	Laredo Petroleum, Inc.	9.50%	01/15/2025		44,682
	70,000	LD Holdings Group LLC(e)	6.50%	11/01/2025		47,698
	120,000	Legends Hospitality Holding Co. LLC / Legends Hospitality Co-Issuer, Inc.(e)	5.00%	02/01/2026		100,737
	75,000	Level 3 Financing, Inc.	5.25%	03/15/2026		70,838
	20,000	Level 3 Financing, Inc.(e)	4.63%	09/15/2027		17,109
	75,000	LFS Topco LLC(e)	5.88%	10/15/2026		59,359
	165,000	Lumen Technologies, Inc.(e)	5.13%	12/15/2026		139,227
	5,000	Lumen Technologies, Inc.(e)	4.50%	01/15/2029		3,736
	28,000	Marriott Ownership Resorts, Inc.(e)	6.13%	09/15/2025		27,756
	100,000	Mauser Packaging Solutions Holding Co.(f)	4.75%	04/15/2024		98,110
	95,000	Maxar Technologies, Inc.(e)	7.75%	06/15/2027		94,199
	110,000	Medline Borrower LP(e)	5.25%	10/01/2029		90,686
	70,000	MEDNAX, Inc.(e)	5.38%	02/15/2030		60,087
	60,000	Mercer International, Inc.	5.50%	01/15/2026		57,942
	34,000	MGIC Investment Corp.	5.25%	08/15/2028		30,507
	75,000	Minerva Merger Sub, Inc.(e)	6.50%	02/15/2030		62,591
	60,000	ModivCare Escrow Issuer, Inc.(e)	5.00%	10/01/2029		48,548
	130,000	MPH Acquisition Holdings LLC(e)	5.50%	09/01/2028		116,067
	105,000	Nabors Industries, Ltd.(e)	7.25%	01/15/2026		93,269

Principal Amount/Description			Rate	Maturity	Value
$	30,000	Nabors Industries, Ltd.(e)	7.50%	01/15/2028	$	25,838
	10,000	Nationstar Mortgage Holdings, Inc.(e)	6.00%	01/15/2027		8,687
	25,000	Nationstar Mortgage Holdings, Inc.(e)	5.50%	08/15/2028		20,091
	35,000	Nationstar Mortgage Holdings, Inc.(e)	5.75%	11/15/2031		26,843
	35,000	NCR Corp.(e)	5.75%	09/01/2027		31,107
	115,000	NCR Corp.(e)	5.13%	04/15/2029		97,505
	70,000	NCR Corp.(e)	6.13%	09/01/2029		60,632
	35,000	New Enterprise Stone & Lime Co., Inc.(e)	9.75%	07/15/2028		29,971
	115,000	New Enterprise Stone & Lime Co., Inc.(e)	5.25%	07/15/2028		94,701
	130,000	NFP Corp.(e)	6.88%	08/15/2028		107,622
	5,000	NuStar Logistics LP	6.00%	06/01/2026		4,684
	55,000	NuStar Logistics LP	6.38%	10/01/2030		47,874
	40,000	Oceaneering International, Inc.	4.65%	11/15/2024		37,053
	75,000	Olympus Water US Holding Corp.(e)	4.25%	10/01/2028		58,861
	55,000	Olympus Water US Holding Corp.(e)	6.25%	10/01/2029		38,294
	90,000	OneMain Finance Corp.	7.13%	03/15/2026		83,391
	150,000	Organon & Co. / Organon Foreign Debt Co-Issuer BV(e)	5.13%	04/30/2031		129,970
	35,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(e)	6.25%	06/15/2025		33,263
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(e)	5.00%	08/15/2027		17,500
	75,000	Owens & Minor, Inc.(e)	6.63%	04/01/2030		68,603
	105,000	Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.(e)	4.38%	10/15/2028		89,403
	150,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(e)	4.88%	05/15/2029		129,045
	65,000	PDC Energy, Inc.	5.75%	05/15/2026		60,755
	50,000	PennyMac Financial Services, Inc.(e)	5.38%	10/15/2025		43,650
	75,000	Performance Food Group, Inc.(e)	5.50%	10/15/2027		69,562
	155,000	Pike Corp.(e)	5.50%	09/01/2028		126,058
	50,000	Powdr Corp.(e)	6.00%	08/01/2025		49,879
	180,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(e)	6.25%	01/15/2028		151,070
	110,000	Primo Water Holdings, Inc.(f)	3.88%	10/31/2028		93,596
	45,000	QVC, Inc.	4.75%	02/15/2027		35,623
	50,000	QVC, Inc.	4.38%	09/01/2028		37,085
	80,000	Railworks Holdings LP / Railworks Rally, Inc.(e)	8.25%	11/15/2028		72,315
	10,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(e)	5.75%	01/15/2029		7,600
	115,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(e)	5.25%	04/15/2030		85,405
	70,000	Rockcliff Energy II LLC(e)	5.50%	10/15/2029		63,798
	20,000	Royal Caribbean Cruises, Ltd.(e)	5.38%	07/15/2027		14,586
	95,000	Royal Caribbean Cruises, Ltd.(e)	5.50%	04/01/2028		66,249
	50,000	Sabre GLBL, Inc.(e)	7.38%	09/01/2025		46,473
	135,000	SCIL IV LLC / SCIL USA Holdings LLC(e)	5.38%	11/01/2026		108,218
	100,000	SeaWorld Parks & Entertainment, Inc.(e)	5.25%	08/15/2029		84,770
	35,000	SEG Holding LLC / SEG Finance Corp.(e)	5.63%	10/15/2028		31,410
	80,000	Six Flags Entertainment Corp.(e)	5.50%	04/15/2027		72,701
	30,000	Six Flags Theme Parks, Inc.(e)	7.00%	07/01/2025		30,423
	55,000	Spirit AeroSystems, Inc.(e)	7.50%	04/15/2025		51,237
	40,000	Standard Industries, Inc.(e)	5.00%	02/15/2027		35,759
	40,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.	5.88%	03/01/2027		37,779
	180,000	Tenet Healthcare Corp.(e)	6.25%	02/01/2027		166,050
	15,000	Tenet Healthcare Corp.(e)	5.13%	11/01/2027		13,526
	20,000	Tenet Healthcare Corp.(e)	6.13%	10/01/2028		17,177
	90,000	Tenet Healthcare Corp.(e)	6.13%	06/15/2030		83,300

Principal Amount/Description			Rate	Maturity	Value
$	120,000	TMS International Corp.(e)	6.25%	04/15/2029	$	87,374
	105,000	TransDigm, Inc.(e)	8.00%	12/15/2025		106,386
	70,000	TransDigm, Inc.(e)	6.25%	03/15/2026		67,692
	55,000	TransDigm, Inc.	5.50%	11/15/2027		46,843
	70,000	TransDigm, Inc.	4.63%	01/15/2029		56,514
	60,000	Twitter, Inc.(e)	5.00%	03/01/2030		57,022
	80,000	Uber Technologies, Inc.(e)	7.50%	05/15/2025		79,431
	70,000	Uber Technologies, Inc.(e)	7.50%	09/15/2027		67,934
	20,000	Uber Technologies, Inc.(e)	6.25%	01/15/2028		18,523
	55,000	Univar Solutions USA, Inc./Washington(e)	5.13%	12/01/2027		51,293
	115,000	Univision Communications, Inc.(e)	6.63%	06/01/2027		109,710
	45,000	Univision Communications, Inc.(e)	7.38%	06/30/2030		44,033
	40,000	US Foods, Inc.(e)	6.25%	04/15/2025		39,987
	60,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	04/01/2026		54,657
	30,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		26,667
	65,000	Vistra Operations Co. LLC(e)	5.00%	07/31/2027		59,224
	115,000	VM Consolidated, Inc.(e)	5.50%	04/15/2029		91,887
	145,000	WASH Multifamily Acquisition, Inc.(e)	5.75%	04/15/2026		136,910
	70,000	Weekley Homes LLC / Weekley Finance Corp.(e)	4.88%	09/15/2028		55,384
	180,000	Western Midstream Operating LP	5.50%	08/15/2048		147,046
	95,000	WR Grace Holdings LLC(e)	4.88%	06/15/2027		82,792
	60,000	WR Grace Holdings LLC(e)	5.63%	08/15/2029		44,325
	155,000	Xerox Holdings Corp.(e)	5.00%	08/15/2025		144,406
	55,000	Xerox Holdings Corp.(e)	5.50%	08/15/2028		46,086
	140,000	Zayo Group Holdings, Inc.(e)	4.00%	03/01/2027		116,403
						13,961,929
TOTAL HIGH YIELD DEBT
(Cost $24,565,750)						20,563,892

Shares/Description			Value
RIGHTS - 0.00%(b)(h)
	198	DBI Investors, Inc., Strike Price 0.01, Expires 12/31/2049(a)	$	12
TOTAL RIGHTS
(Cost $11,231)				12
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 0.01, Expires 12/31/2049(a)		–
	237	Windstream Holdings Inc - Pvt Warrant, Strike Price 0.01, Expires 12/31/2049		3,614
TOTAL WARRANTS
(Cost $106,180)				3,614
SHORT-TERM INVESTMENTS - 16.33%
	7,162,221	State Street Institutional Trust (7 Day Yield 1.03%)	$	7,162,221
TOTAL SHORT-TERM INVESTMENTS
(Cost $7,162,221)				7,162,221

Shares/Description	Value
TOTAL INVESTMENTS - 97.45%
(Cost $48,445,055)	$	42,743,218
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.11%		50,000
OTHER ASSETS IN EXCESS OF LIABILITIES - 2.44%		1,068,196
NET ASSETS - 100.00%	$	43,861,414

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 June 30, 2022 was 1.79% 

3M US L - 3 Month LIBOR as of June 30, 2022 was 2.29% 

6M US L - 6 Month LIBOR as of June 30, 2022 was 2.94% 

3M EUR L - 3 Month EURIBOR as of June 30, 2022 was -0.20% 

6M EUR L - 6 Month EURIBOR as of June 30, 2022 was -0.26% 

5Y EUR SWAP - 5 Year Euro ICE Swap Rate as of June 30, 2022 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) Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

^(d) Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2022. 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.

^(e) 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 $15,326,871, which represents approximately 34.94% of net assets as of June 30, 2022.

^(f) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees (The "Board"). As of June 30, 2022, the aggregate fair value of those securities was $2,620,717, representing 5.98% of net assets.

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

^(h) Less than 0.005%.

See Notes to Quarterly Schedule of Investments.

OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS

Counterparty	Settlement Date	Fund Receiving		U.S. $ Value at June 30, 2022		Fund Delivering		U.S. $ Value at June 30, 2022		Unrealized Appreciation
State Street Corporation	7/7/2022		EUR		56,152		USD		56,091	$	61
State Street Corporation	7/7/2022		EUR		106,050		USD		105,895		155
State Street Corporation	7/7/2022		EUR		42,783		USD		42,746		37
State Street Corporation	7/7/2022		EUR		37,106		USD		36,847		259
State Street Corporation	7/7/2022		GBP		6,660		USD		6,629		31
State Street Corporation	7/7/2022		GBP		9,681		USD		9,635		46
State Street Corporation	7/7/2022		GBP		1,217		USD		1,216		1
State Street Corporation	7/7/2022		GBP		1,950		USD		1,943		7
State Street Corporation	7/7/2022		GBP		3,559		USD		3,546		13
State Street Corporation	7/7/2022		USD		740,588		EUR		724,051		16,537
State Street Corporation	7/7/2022		USD		5,825,073		EUR		5,695,006		130,067
State Street Corporation	7/7/2022		USD		6,857		EUR		6,812		45
State Street Corporation	7/7/2022		USD		488,753		GBP		474,246		14,507
State Street Corporation	7/7/2022		USD		276,505		GBP		268,298		8,207
										$	169,973
State Street Corporation	7/7/2022		EUR		314,425		USD		320,304	$	(5,879	)
State Street Corporation	7/7/2022		EUR		48,227		USD		48,546		(319	)
State Street Corporation	7/7/2022		EUR		23,642		USD		23,644		(2	)
State Street Corporation	7/7/2022		EUR		43,735		USD		43,739		(4	)
State Street Corporation	7/7/2022		EUR		5,202		USD		5,229		(27	)
State Street Corporation	7/7/2022		EUR		6,324		USD		6,356		(32	)
State Street Corporation	7/7/2022		EUR		47,415		USD		47,655		(240	)
State Street Corporation	7/7/2022		EUR		37,350		USD		37,520		(170	)
State Street Corporation	7/7/2022		GBP		3,687		USD		3,721		(34	)
State Street Corporation	7/7/2022		GBP		3,034		USD		3,054		(20	)
State Street Corporation	7/7/2022		GBP		3,065		USD		3,095		(30	)
State Street Corporation	7/7/2022		GBP		2,551		USD		2,571		(20	)

Counterparty (continued)	Settlement Date (continued)	Fund Receiving (continued)		U.S. $ Value at June 30, 2022 (continued)		Fund Delivering (continued)		U.S. $ Value at June 30, 2022 (continued)		Unrealized Appreciation (continued)
State Street Corporation	7/7/2022		GBP		3,228		USD		3,253	$	(25	)
										$	(6,802	)

RiverNorth Funds Notes to Quarterly Schedule of Investments

June 30, 2022 (Unaudited)

1. ORGANIZATION 

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

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

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

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

2. SIGNIFICANT ACCOUNTING POLICIES 

The following is a summary of significant accounting policies followed by the Funds. These policies are in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements during the reporting period. Management believes the estimates and security valuations are appropriate; however, actual results may differ from those estimates, and the security valuations reflected in the financial statements may differ from the value the Funds ultimately realize upon sale of the securities. The Schedules of Investments have been prepared as of the close of the New York Stock Exchange (“NYSE”) on June 30, 2022.

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

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

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

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

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

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

3. SECURITIES VALUATION AND FAIR VALUE Measurements 

Fair value is defined as the price that a Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. GAAP establishes a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.

Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including using such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

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

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

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

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

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

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

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

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

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

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

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

The following is a summary of the inputs used at June 30, 2022 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	$	38,427,450	$	5,242	$	–	$	38,432,692
Business Development Companies		1,692,592		–		–		1,692,592
Common Stocks		628,348		–		–		628,348
Exchange Traded Funds		689,606		–		–		689,606
Preferred Stocks		382,082		–		–		382,082
Business Development Company Notes		1,673,868		2,273,333		–		3,947,201
Rights		1,835		–		–		1,835
Warrants		20,037		–		–		20,037
Short-Term Investments		4,566,260		–		–		4,566,260
Total	$	48,082,078	$	2,278,575	$	–	$	50,360,653

Strategic Income Fund

	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	297,752,417	$	–	$	–	$	297,752,417
Business Development Companies		12,851,888		–		–		12,851,888
Common Stocks		27,922,443		446,471		-		28,368,914
Open-End Funds		29,552,898		–		–		29,552,898
Preferred Stocks		–		53,436		–		53,436
Business Development Company Notes		7,737,414		11,189,876		–		18,927,290
Foreign Corporate Bonds		–		65,031,148		–		65,031,148
U.S. Corporate Bonds		–		119,700,938		–		119,700,938
Convertible Corporate Bonds		–		44,669		–		44,669
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies		–		12,322,546		–		12,322,546
Bank Loans		–		36,526,868		–		36,526,868
Collateralized Loan Obligations		–		60,750,862		–		60,750,862
Equity - Linked Notes		–		–		–		–
Non-Agency Collateralized Mortgage Obligations		–		358,454,800		-		358,454,800
U.S. Government Bonds and Notes		–		135,616,677		–		135,616,677
Municipal Bonds		–		224,294		–		224,294
U.S. Government / Agency Mortgage Backed Securities		–		237,695,239		–		237,695,239
Warrants(a)		–		–		–		–
Short-Term Investments		167,143,766		–		–		167,143,766
Total	$	542,960,826	$	1,102,599,096	$	489,876	$	1,581,018,650

High Income Fund

	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	1,706,207	$	–	$	–	$	1,706,207
Common Stocks		100,893		36		78,655		179,584
Preferred Stocks		–		–		131,026		131,026
Bank Loans		–		12,996,662		–		12,996,662
High Yield Debt		–		20,563,892		–		20,563,892

High Income Fund (continued)
Rights	$	–	$	–	$	12	$	12
Warrants(a)		–		3,614		–		3,614
Short-Term Investments		7,162,221		–		–		7,162,221
Total	$	8,969,321	$	33,564,204	$	209,693	$	42,743,218

	Valuation Inputs
Other Financial Instruments**	Level 1		Level 2			Level 3			Total
Assets
Forward Foreign Currency Contracts	$	–	$	169,973		$	–	$	169,973
Liabilities
Forward Foreign Currency Contracts	$	–	$	(6,802	)	$	–	$	(6,802	)
Total	$	–	$	163,171		$	–	$	163,171

*	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		Accrued Discount/ premium		Return of Capital		Realized Gain/(Loss)		Change in Unrealized Appreciation/ Depreciation			Purchases		Sales Proceeds		Transfer into Level 3		Transfer Out of Level 3		Balance as of June 30, 2022		Net change in unrealized appreciation/ (depreciation) included in the Statements of Operations attributable to Level 3 investments held at June 30, 2022
Common Stocks	$	75,753	$	-	$	-	$	-	$	2,902		$	-	$	-	$	-	$	-	$	78,655	$	14,481
Preferred Stocks		117,022		-		-		-		5			14,000		-		-		-		131,027		5
Rights		28		-		-		-		(16	)		-		-		-		-		12		(16	)
	$	192,803	$	-	$	-	$	-	$	2,891		$	14,000	$	-	$	-	$	-	$	209,694	$	14,470

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

The Table below provides additional information about the Level 3 Fair Value Measurements as of June 30. 2022:

Quantitative Information about Level 3 Fair Value Measurements

High Income Fund

Asset Class	Fair Value (USD)		Valuation Technique	Unobservable Inputs(a)	Value/Range (Weighted Average)
Common Stocks	$	78,655	Market Comparable Companies	EBITDA Multiple	5.75x-6.75x
					(6.25x)%
Preferred Stocks		131,026	Market Comparable Companies	EBITDA Multiple	11.00x-11.50
					(11.25x)
Rights		12	Market Comparable Companies	Revenue Multiple	0.25x-0.35x
					(0.3x)

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

Unobservable Input	Impact to Value if Input Increases	Impact to Value if Input Decreases
EBITDA Multiple	Increase	Decrease
Revenue Multiple	Increase	Decrease

4. Derivative Financial Instruments 

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

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

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

Risk of Investing in Derivatives

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

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

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

Forward Foreign Currency Contracts

The Funds may engage in currency transactions with counterparties to hedge the value of portfolio securities denominated in particular currencies against fluctuations in relative value, to gain or reduce exposure to certain currencies, or to generate income or gains. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. During the nine months ended June 30, 2022, 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 June 30, 2022, the Strategic Income Fund and High Income Fund had $1,780,298 and $151,968 respectively, in unsettled domestic and foreign loan commitments.

6. AFFILIATED COMPANIES

Funds may invest in certain securities that are considered securities issued by affiliated companies. As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The purchases, sales, dividend income, capital gains, shares and value of investment in affiliated companies for the nine months ended June 30, 2022 were as follows:

Security Name	Market Value as of September 30, 2021		Purchases		Change in Unrealized Gain (Loss)			Market Value as of June 30, 2022*		Share Balance as of June 30, 2022		Dividends
RiverNorth/Oaktree High Income Fund	$	32,734,160	$	827,604	$	(5,028,601	)	$	29,552,898		3,526,346	$	827,604
					$	(5,028,601	)	$	29,552,898		3,526,346	$	827,604