RiverNorth/DoubleLine Strategic Income Fd Cl R (RNDLX) NPORT-P RiverNorth/Oaktree High Income Fund (Jun 2024 report)

RiverNorth Core Opportunity Fund

SCHEDULE OF INVESTMENTS

June 30, 2024 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 82.79%
	179,087	AllianzGI Convertible & Income 2024 Target Term Fund	$	1,613,932
	259,795	BlackRock Capital Allocation Term Trust		4,263,236
	282,861	BlackRock ESG Capital Allocation Term Trust		4,961,382
	35,188	BlackRock Health Sciences Term Trust		540,488
	61,792	BlackRock Innovation and Growth Term Trust		446,756
	38,289	BlackRock MuniHoldings New York Quality Fund, Inc.		411,990
	46,272	BlackRock MuniYield New York Quality Fund, Inc.		484,468
	66,656	BlackRock Science and Technology Term Trust		1,327,121
	73,949	Blackstone/GSO Senior Floating Rate Term Fund		1,036,025
	64,751	Calamos Long/Short Equity & Dynamic Income Trust		987,453
	186,260	Clough Global Equity Fund		1,299,164
	142,496	Clough Global Opportunities Fund		766,628
	127,622	First Trust High Yield Opportunities 2027 Term Fund		1,827,547
	70,439	Flaherty & Crumrine Preferred and Income Opportunity Fund, Inc.		596,618
	61,060	Nuveen AMT-Free Municipal Credit Income Fund		760,808
	86,410	Nuveen AMT-Free Quality Municipal Income Fund		990,259
	60,333	Nuveen Municipal Credit Income Fund		745,113
	184,424	Nuveen Municipal Value Fund, Inc.		1,591,579
	25,938	Nuveen Preferred & Income Term Fund		504,494
	42,806	Nuveen Quality Municipal Income Fund		502,542
	97,571	Pershing Square Holdings Ltd.		5,161,506
	82,362	PIMCO Access Income Fund		1,302,143
	213,262	Saba Capital Income & Opportunities Fund II		1,663,440
	85,475	Special Opportunities Fund, Inc.		1,118,013
	50,000	Voya Emerging Markets High Income Dividend Equity Fund		269,000
	105,546	Western Asset High Income Fund II, Inc.		459,125
	127,767	Western Asset High Income Opportunity Fund, Inc.		486,792
	191,185	Western Asset Inflation-Linked Opportunities & Income Fund		1,626,984
TOTAL CLOSED-END FUNDS
(Cost $34,639,011)				37,744,606
CLOSED-END FUNDS - PREFERRED SHARES - 0.82%
	15,162	XAI Octagon Floating Rate Alternative Income Trust, Series 2026, 6.500%, 03/31/2026		372,229
TOTAL CLOSED-END FUNDS - PREFERRED SHARES
(Cost $378,878)				372,229
EXCHANGE TRADED FUNDS - 7.62%
	44,975	Blackrock Flexible Income ETF		2,347,695
	55,600	Invesco FTSE RAFI Emerging Markets ETF		1,125,900
TOTAL EXCHANGE TRADED FUNDS
(Cost $3,298,321)				3,473,595

Principal Amount/Description			Rate			Maturity		Value
U.S. CORPORATE BONDS - 2.39%
Investment Companies - 1.91%
$	150,000	Blackstone Private Credit Fund		3.25	%		03/15/2027		138,528
	249,936	Blue Owl Credit Income Corp.		4.70	%		02/08/2027		237,908
	500,000	Blue Owl Technology Finance Corp.(a)		6.75	%		06/30/2025		497,307
									873,743

1

Principal Amount/Description			Rate			Maturity		Value
Private Equity - 0.48%
$	237,712	Hercules Capital, Inc.		2.63	%		09/16/2026	$	217,969
TOTAL U.S. CORPORATE BONDS
(Cost $1,068,935)									1,091,712
BUSINESS DEVELOPMENT COMPANY NOTES - 0.43%
	200,000	MidCap Financial Investment Corp.		5.25	%		03/03/2025		197,072
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $197,460)									197,072
U.S. GOVERNMENT BONDS AND NOTES - 2.18%
	1,000,000	U.S. Treasury Notes		4.25	%		12/31/2024		994,604
TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $998,948)									994,604

Shares/Description		Value
Warrants - 0.02%
12,299	AGBA Group Holding, Ltd., Strike Price 11.50, Expires 03/15/2027(b)		3,357
8,168	Churchill Capital Corp. VII, Strike Price 11.50, Expires 02/29/2028(b)		2,859
10,113	Jaws Mustang Acquisition Corp., Strike Price 11.50, Expires 01/30/2026(b)		910
TOTAL WARRANTS
(Cost $25,663)			7,126
Short-Term Investments - 3.76%
Money Market Fund - 3.76%
1,711,854	State Street Institutional Trust (7 Day Yield 5.24%)		1,711,854
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,711,854)			1,711,854
TOTAL INVESTMENTS - 100.01%
(Cost $42,319,070)		$	45,592,798
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.01)%			(4,724	)
NET ASSETS - 100.00%		$	45,588,074

(a)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. 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 $497,307, which represents approximately 1.09% of net assets as of June 30, 2024.

(b)

Non-income producing security.

See Notes to Quarterly Schedule of Investments.

RiverNorth/DoubleLine Strategic Income Fund

SCHEDULE OF INVESTMENTS

June 30, 2024 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 19.67%
	1,082,896	Allspring Income Opportunities Fund	$	7,168,772
	383,908	Barings Global Short Duration High Yield Fund		5,547,471
	161,620	BlackRock MuniHoldings New York Quality Fund, Inc.		1,739,031
	195,559	BlackRock MuniYield New York Quality Fund, Inc.		2,047,503
	290,753	Blackstone Long-Short Credit Income Fund		3,614,060
	882,956	Blackstone Strategic Credit 2027 Term Fund		10,498,347
	159,606	Blackstone/GSO Senior Floating Rate Term Fund		2,236,080
	581,087	BNY Mellon Strategic Municipals, Inc.		3,556,252
	440,345	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		3,637,250
	695,542	First Trust High Yield Opportunities 2027 Term Fund		9,960,161
	146,552	Invesco Dynamic Credit Opportunity Fund		1,612,077
	200,000	John Hancock Investors Trust		2,660,000
	372,947	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		1,700,638
	1,173,103	Nuveen AMT-Free Municipal Credit Income Fund		14,616,863
	1,645,260	Nuveen AMT-Free Quality Municipal Income Fund		18,854,680
	725,930	Nuveen California Quality Municipal Income Fund		8,369,973
	74,379	Nuveen Core Plus Impact Fund		809,243
	189,030	Nuveen Floating Rate Income Fund		1,635,109
	121,735	Nuveen Municipal Credit Income Fund		1,503,427
	713,073	Nuveen Municipal Value Fund, Inc.		6,153,820
	3,640,092	Nuveen Preferred Income Opportunities Fund		27,191,488
	897,485	Nuveen Quality Municipal Income Fund		10,536,474
	525,911	PGIM Global High Yield Fund, Inc.		6,247,823
	641,078	PGIM Short Duration High Yield Opportunities Fund		9,827,726
	3,332,640	PIMCO High Income Fund		16,063,325
	516,553	PIMCO Income Strategy Fund		4,209,907
	2,109,483	PIMCO Income Strategy Fund II		15,124,993
	50,000	Sound Point Meridian Capital, Inc.		1,002,000
	1,587,160	Western Asset Emerging Markets Debt Fund, Inc.		14,776,460
	2,597,696	Western Asset High Income Opportunity Fund, Inc.		9,897,222
	1,800,000	Western Asset Inflation-Linked Opportunities & Income Fund		15,318,000
TOTAL CLOSED-END FUNDS
(Cost $242,010,286)				238,116,175

Principal Amount/Description			Rate			Maturity		Value
BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES - 0.38%
	46,046	Oxford Square Capital Corp.		6.25	%		04/30/2026		1,121,680
	3,750,000	PennantPark Floating Rate Capital, Ltd.		4.25	%		04/01/2026		3,530,965

TOTAL BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES
	(Cost $4,857,973)	4,652,645

Shares/Description			Value
COMMON STOCKS - 0.00%(a)
	259,482	Pershing Square Tontine Holdings(b)(c)(d)		–
	11,202	Riverbed Tech Class B-1 Partnership Units(d)		1,457
TOTAL COMMON STOCKS
(Cost $–)				1,457

Shares/Description		Value
OPEN-END FUNDS - 2.93%
4,062,935	RiverNorth/Oaktree High Income Fund, Class I(e)	$	35,444,636
TOTAL OPEN-END FUNDS
(Cost $38,794,982)			35,444,636
PREFERRED STOCKS - 1.12%
246,313	Crescent Capital BDC, Inc., 5.000%, 05/25/2026		5,923,828
341,265	Virtus AllianzGI Diversified Income & Convertible Fund, 5.630%, 03/08/2024(f)		7,576,083
TOTAL PREFERRED STOCKS
(Cost $14,555,923)			13,499,911

Principal Amount/Description			Rate			Maturity	Value
FOREIGN CORPORATE BONDS - 2.40%
Australia - 0.34%
$	1,000,000	APA Infrastructure, Ltd.(g)		4.25	%	07/15/2027		974,186
	220,000	Atlassian Corp.		5.25	%	05/15/2029		220,078
	395,000	Australia & New Zealand Banking Group, Ltd.(g)(h)		5Y US TI + 1.70%		11/25/2035		324,532
	265,000	Commonwealth Bank of Australia(g)		4.32	%	01/10/2048		217,050
	475,000	Macquarie Group, Ltd.(g)(h)		1D US SOFR + 1.53%		01/14/2033		392,804
	475,000	National Australia Bank, Ltd.(g)		2.99	%	05/21/2031		400,022
	340,000	NBN Co., Ltd.(g)		1.45	%	05/05/2026		317,549
	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)		3.38	%	04/30/2025		490,802
	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)		3.63	%	04/28/2026		484,157
	310,000	Westpac Banking Corp.(h)		5Y US TI + 1.53%		11/18/2036		254,460
								4,075,640
Brazil - 0.08%
	200,000	Banco do Brasil SA(f)(h)(i)		6.25	%	Perpetual Maturity		204,205
	200,000	CSN Resources SA(i)		5.88	%	04/08/2032		166,596
	165,630	Guara Norte Sarl(i)		5.20	%	06/15/2034		152,765
	67,037	Oi SA(g)(j)		12.50%    (5.50%)		12/15/2024		66,702
	723	Oi SA(g)(j)		12.50%    (5.50%)		12/15/2024		719
	126,135	Oi SA(g)(j)		12.50%    (5.50%)		12/15/2024		125,504
	950,000	Oi SA(j)(k)		10.00%    (4.00%)		07/27/2025		9,405
	700,000	Unigel Luxembourg SA(i)(k)		8.75	%	10/01/2026		198,660
	103,000	Vale Overseas, Ltd.		6.40	%	06/28/2054		101,939
								1,026,495
Canada - 0.25%
	13,000	1375209 BC, Ltd.(g)		9.00	%	01/30/2028		12,517
	420,000	Bank of Montreal(h)		3.80	%	12/15/2032		394,824
	170,000	Bausch + Lomb Corp.(g)		8.38	%	10/01/2028		174,250
	50,000	Bausch Health Cos., Inc.(g)		6.13	%	02/01/2027		41,681
	4,000	Bausch Health Cos., Inc.(g)		14.00	%	10/15/2030		3,100
	95,000	Bombardier, Inc.(g)		8.75	%	11/15/2030		102,793
	25,000	Bombardier, Inc.(g)		7.00	%	06/01/2032		25,379
	1,000,000	Canacol Energy, Ltd.(i)		5.75	%	11/24/2028		529,634
	210,000	CCL Industries, Inc.(g)		3.05	%	06/01/2030		186,033
	255,000	Element Fleet Management Corp.(g)		6.32	%	12/04/2028		263,721

Principal Amount/Description			Rate			Maturity	Value
$	150,000	Garda World Security Corp.(g)		6.00	%	06/01/2029	$	136,998
	140,000	Husky Injection Molding Systems, Ltd. / Titan Co.-Borrower LLC(g)		9.00	%	02/15/2029		145,147
	60,000	Kronos Acquisition Holdings, Inc.(g)		8.25	%	06/30/2031		60,135
	70,000	Mattamy Group Corp.(g)		4.63	%	03/01/2030		64,769
	130,000	Royal Bank of Canada		5.15	%	02/01/2034		129,048
	750,000	TransCanada PipeLines, Ltd.		4.63	%	03/01/2034		703,298
								2,973,327
Cayman Islands - 0.15%
	900,000	Alpha Holding Escrow Shares(b)(c)				Perpetual Maturity		0
	900,000	Alpha Holding Escrow Shares(b)(c)				Perpetual Maturity		0
	200,000	Banco Mercantil del Norte SA/Grand Cayman(f)(g)(h)		7.50	%	12/31/9999		194,259
	200,000	Banco Mercantil del Norte SA/Grand Cayman(f)(h)(i)		7.63	%	12/31/9999		197,016
	126,736	Bioceanico Sovereign Certificate, Ltd.(i)(l)		0.00	%	06/05/2034		95,052
	200,000	Cosan Overseas, Ltd.(f)		8.25	%	12/31/9999		203,478
	178,725	Global Aircraft Leasing Co., Ltd.(g)(j)		6.50%    (7.25%)		09/15/2024		172,214
	93,324	Interoceanica IV Finance, Ltd.(i)(l)		0.00	%	11/30/2025		89,007
	200,000	Itau Unibanco Holding SA Island(f)(h)(i)		5Y US TI + 3.22%		12/31/9999		195,248
	128,749	Lima Metro Line 2 Finance, Ltd.(g)		5.88	%	07/05/2034		126,889
	257,498	Lima Metro Line 2 Finance, Ltd.(i)		5.88	%	07/05/2034		253,778
	333,333	Rutas 2 & 7 Finance, Ltd.(i)(l)		0.00	%	09/30/2036		229,847
	114,750	Transocean Poseidon, Ltd.(g)		6.88	%	02/01/2027		114,695
								1,871,483
Chile - 0.19%
	300,000	Agrosuper SA(i)		4.60	%	01/20/2032		263,111
	200,000	CAP SA(i)		3.90	%	04/27/2031		160,176
	198,056	Chile Electricity PEC SpA(i)(l)		0.00	%	01/25/2028		158,940
	900,000	Empresa de Transporte de Pasajeros Metro SA(g)		5.00	%	01/25/2047		780,329
	291,240	GNL Quintero SA(i)		4.63	%	07/31/2029		284,521
	750,000	Transelec SA(i)		3.88	%	01/12/2029		712,397
								2,359,474
Colombia - 0.09%
	200,000	Banco Davivienda SA(f)(g)(h)		10Y US TI + 5.10%		Perpetual Maturity		148,000
	300,000	Bancolombia SA(h)		5Y US TI + 4.32%		12/24/2034		306,595
	500,000	Ecopetrol SA		5.88	%	11/02/2051		347,544
	200,000	Empresas Publicas de Medellin ESP(i)		4.25	%	07/18/2029		172,575
	171,860	Fideicomiso PA Pacifico Tres(i)		8.25	%	01/15/2035		169,282
								1,143,996
France - 0.02%
	265,000	Credit Agricole SA(g)(h)		1D US SOFR + 1.69%		01/10/2030		262,246
Great Britain - 0.18%
	655,000	HSBC Holdings PLC(h)		3M SOFR + 1.64%		09/12/2026		662,316
	128,000	Macquarie Airfinance Holdings, Ltd.(g)		6.40	%	03/26/2029		130,257
	50,000	Macquarie Airfinance Holdings, Ltd.(g)		6.50	%	03/26/2031		51,450

Principal Amount/Description			Rate			Maturity		Value
$	200,000	MARB BondCo PLC(i)		3.95	%		01/29/2031	$	166,374
	335,000	NatWest Markets PLC(g)		0.80	%		08/12/2024		333,047
	260,000	NatWest Markets PLC(g)		5.41	%		05/17/2029		260,902
	575,000	Weir Group PLC(g)		2.20	%		05/13/2026		539,927
									2,144,273
Guatemala - 0.03%
	150,000	Banco Industrial SA/Guatemala(h)(i)		5Y US TI + 4.44%			01/29/2031		145,214
	200,000	CT Trust(i)		5.13	%		02/03/2032		176,361
									321,575
India - 0.15%
	344,000	Adani International Container Terminal Pvt, Ltd.(i)		3.00	%		02/16/2031		288,284
	200,000	Adani Ports & Special Economic Zone, Ltd.(i)		4.38	%		07/03/2029		179,221
	500,000	Adani Ports & Special Economic Zone, Ltd.(i)		3.10	%		02/02/2031		399,254
	200,000	Adani Transmission Step-One, Ltd.(i)		4.00	%		08/03/2026		189,678
	152,000	JSW Hydro Energy, Ltd.(i)		4.13	%		05/18/2031		135,150
	200,000	Network i2i, Ltd.(f)(h)(i)		5Y US TI + 4.27%			12/31/9999		198,919
	250,000	Reliance Industries, Ltd.(i)		4.13	%		01/28/2025		247,844
	188,000	Vedanta Resources, Ltd.(i)		13.88	%		12/09/2028		180,052
									1,818,402
Indonesia - 0.02%
	200,000	Indonesia Asahan Aluminium PT / Mineral Industri Indonesia Persero PT(i)		5.45	%		05/15/2030		196,521
Ireland - 0.15%
	190,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust		5.10	%		01/19/2029		188,230
	340,000	AIB Group PLC(g)(h)		1D US SOFR + 1.91%			03/28/2035		337,921
	239,000	Avolon Holdings Funding, Ltd.(g)		5.75	%		03/01/2029		237,745
	295,000	Avolon Holdings Funding, Ltd.(g)		5.75	%		11/15/2029		293,313
	120,000	GGAM Finance, Ltd.(g)		6.88	%		04/15/2029		122,400
	200,000	Icon Investments Six DAC		5.85	%		05/08/2029		203,271
	200,000	Icon Investments Six DAC		6.00	%		05/08/2034		204,399
	280,000	Smurfit Kappa Treasury ULC(g)		5.20	%		01/15/2030		278,667
									1,865,946
Israel - 0.07%
	900,000	Israel Electric Corp., Ltd.(g)		5.00	%		11/12/2024		894,062
Jamaica - 0.00%(a)
	2,694	Digicel Group Holdings, Ltd.(g)(l)		0.00	%		12/31/2030		2,677
	38,775	Digicel Group Holdings, Ltd.(g)(l)		0.00	%		12/31/2030		7,880
	860	Digicel Group Holdings, Ltd.(g)(l)		0.00	%		12/31/2030		854
	97,752	Digicel Group Holdings, Ltd.(g)(l)		0.00	%		12/31/2030		2,315
									13,726
Japan - 0.06%
	265,000	Mitsubishi UFJ Financial Group, Inc.(h)		1Y US TI + 1.00%			04/17/2035		264,021
	510,000	Renesas Electronics Corp.(g)		2.17	%		11/25/2026		472,210
									736,231
Luxembourg - 0.07%
	142,000	ArcelorMittal SA		6.00	%		06/17/2034		141,974
	180,000	Millicom International Cellular SA(i)		6.63	%		10/15/2026		179,951
	400,000	Simpar Europe SA(i)		5.20	%		01/26/2031		329,519

Principal Amount/Description			Rate			Maturity	Value
$	175,336	Tierra Mojada Luxembourg II Sarl(i)		5.75	%	12/01/2040	$	158,306
								809,750
Mexico - 0.12%
	659,912	Alpha Holding SA de CV(g)(k)		9.00	%	02/10/2025		3,610
	188,546	Alpha Holding SA de CV(i)(k)		9.00	%	02/10/2025		1,031
	250,000	BBVA Bancomer SA(h)(i)		5.13	%	01/18/2033		228,016
	200,000	Buffalo Energy Mexico Holdings / Buffalo Energy Infrastructure / Buffalo Energy(g)		7.88	%	02/15/2039		207,993
	200,000	Cemex SAB de CV(f)(h)(i)		5Y US TI + 4.53%		12/31/9999		192,374
	500,000	Credito Real SAB de CV SOFOM ER(i)(k)		9.50	%	02/07/2026		44,625
	200,000	Electricidad Firme de Mexico Holdings SA de CV(i)		4.90	%	11/20/2026		187,824
	600,000	Mexarrend SAPI de CV(g)		10.25	%	07/24/2024		78,600
	200,000	Mexarrend SAPI de CV(i)		10.25	%	07/24/2024		26,200
	120,969	Mexico Generadora de Energia S de rl(i)		5.50	%	12/06/2032		118,660
	700,000	Operadora de Servicios Mega SA de CV Sofom ER(g)		8.25	%	02/11/2025		255,500
	150,000	Petroleos Mexicanos		6.75	%	09/21/2047		98,763
	1,000,000	Unifin Financiera SAB de CV(f)(i)(k)		8.88	%	Perpetual Maturity		200
								1,443,396
Netherlands - 0.10%
	300,000	Braskem Netherlands Finance BV(h)(i)		5Y US TI + 8.22%		01/23/2081		300,505
	200,000	ING Groep NV(h)		1D US SOFR + 1.44%		03/19/2030		199,282
	300,000	Minejesa Capital BV(i)		5.63	%	08/10/2037		271,455
	157,660	MV24 Capital BV(i)		6.75	%	06/01/2034		150,742
	249,000	NXP BV / NXP Funding LLC / NXP USA, Inc.		3.88	%	06/18/2026		241,914
								1,163,898
Panama - 0.01%
	200,000	Empresa de Transmision Electrica SA(i)		5.13	%	05/02/2049		145,326
Peru - 0.14%
	90,000	Banco de Credito del Peru S.A.(h)(i)		5Y US TI + 3.13%		07/01/2030		86,771
	150,000	Banco de Credito del Peru S.A.(h)(i)		5Y US TI + 2.45%		09/30/2031		139,625
	200,000	Banco Internacional del Peru SAA Interbank(h)(i)		1Y US TI + 3.71%		07/08/2030		194,367
	200,000	Cia de Minas Buenaventura SAA(i)		5.50	%	07/23/2026		193,499
	205,000	Inkia Energy, Ltd.(i)		5.88	%	11/09/2027		206,179
	150,000	InRetail Shopping Malls(i)		5.75	%	04/03/2028		147,480
	200,000	Intercorp Financial Services, Inc.(i)		4.13	%	10/19/2027		186,731
	200,000	Minsur SA(i)		4.50	%	10/28/2031		177,736
	200,000	Orazul Energy Peru SA(i)		5.63	%	04/28/2027		189,920
	200,000	Petroleos del Peru SA(i)		4.75	%	06/19/2032		149,928
								1,672,236
Singapore - 0.09%
	200,000	DBS Group Holdings, Ltd.(h)		5Y US TI + 1.10%		03/10/2031		187,975
	309,680	LLPL Capital Pte, Ltd.(i)		6.88	%	02/04/2039		312,184
	200,000	Oversea-Chinese Banking Corp., Ltd.(h)(i)		5Y US TI + 1.58%		09/10/2030		191,287

Principal Amount/Description			Rate			Maturity		Value
$	210,000	Pfizer Investment Enterprises Pte, Ltd.		4.75	%		05/19/2033	$	204,705
	200,000	United Overseas Bank, Ltd.(h)		5Y US TI + 1.75%			03/16/2031		187,674
									1,083,825
Spain - 0.04%
	250,000	AI Candelaria Spain SA(i)		5.75	%		06/15/2033		202,444
	261,000	CaixaBank SA(g)(h)		1D US SOFR + 2.26%			06/15/2035		261,728
									464,172
Taiwan - 0.03%
	350,000	TSMC Global, Ltd.(g)		1.25	%		04/23/2026		326,176
Vietnam - 0.02%
	210,820	Mong Duong Finance Holdings BV(i)		5.13	%		05/07/2029		200,548
TOTAL FOREIGN CORPORATE BONDS
(Cost $34,395,088)									29,012,724
U.S. CORPORATE BONDS - 10.89%
Advertising - 0.00%(a)
	50,000	Clear Channel Outdoor Holdings, Inc.(g)		7.50	%		06/01/2029		41,831
Aerospace/Defense - 0.05%
	70,000	AAR Escrow Issuer LLC(g)		6.75	%		03/15/2029		71,420
	69,000	Boeing Co.(g)		6.39	%		05/01/2031		70,274
	161,000	Boeing Co.(g)		6.86	%		05/01/2054		165,347
	265,000	Northrop Grumman Corp.		5.20	%		06/01/2054		248,335
									555,376
Agriculture - 0.04%
	237,000	BAT Capital Corp.		4.54	%		08/15/2047		182,667
	265,000	Philip Morris International, Inc.		5.25	%		02/13/2034		260,080
									442,747
Airlines - 0.03%
	70,000	American Airlines, Inc.(g)		7.25	%		02/15/2028		70,119
	120,000	American Airlines, Inc.(g)		8.50	%		05/15/2029		124,751
	121,528	United Airlines 2016-1 Class B Pass Through Trust		3.65	%		01/07/2026		116,971
									311,841
Apparel - 0.01%
	125,000	Tapestry, Inc.		7.05	%		11/27/2025		127,130
Auto Manufacturers - 0.12%
	120,000	Cummins, Inc.		5.45	%		02/20/2054		117,787
	320,000	Ford Motor Co.		3.25	%		02/12/2032		264,623
	300,000	General Motors Financial Co., Inc.		2.40	%		10/15/2028		265,233
	315,000	General Motors Financial Co., Inc.		3.10	%		01/12/2032		264,881
	530,000	Hyundai Capital America(g)		5.30	%		01/08/2029		528,049
									1,440,573
Auto Parts & Equipment - 0.03%
	300,000	ZF North America Capital, Inc.(g)		6.88	%		04/23/2032		310,344
Banks - 0.41%
	180,000	Bank of America Corp.(h)		1D US SOFR + 1.75%			07/22/2026		178,305

Principal Amount/Description			Rate		Maturity		Value
$	205,000	Bank of America Corp.(h)	1D US SOFR + 1.21%			10/20/2032	$	169,988
	210,000	Bank of America Corp.(h)	1D US SOFR + 1.65%			01/23/2035		209,865
	590,000	Bank of America Corp.(h)	5Y US TI + 2.48%			09/21/2036		470,831
	120,000	Citigroup, Inc.(h)	1D US SOFR + 0.69%			01/25/2026		117,440
	120,000	Citigroup, Inc.(h)	1D US SOFR + 1.28%			02/24/2028		113,271
	90,000	Citizens Financial Group, Inc.(h)	1D US SOFR + 2.33%			04/25/2035		93,072
	590,000	Goldman Sachs Group, Inc.(h)	3M SOFR + 1.43%			05/15/2026		594,345
	175,000	Goldman Sachs Group, Inc.(h)	1D US SOFR + 0.82%			09/10/2027		174,790
	140,000	Goldman Sachs Group, Inc.(h)	1D US SOFR + 1.27%			04/25/2030		142,517
	165,000	JPMorgan Chase & Co.(h)	1D US SOFR + 0.92%			02/24/2026		161,743
	85,000	JPMorgan Chase & Co.(h)	1D US SOFR + 1.99%			07/25/2028		84,150
	240,000	JPMorgan Chase & Co.(h)	1D SOFR + 1.02%			06/01/2029		213,557
	345,000	JPMorgan Chase & Co.(h)	1D US SOFR + 2.04%			04/22/2031		298,303
	290,000	JPMorgan Chase & Co.(h)	3M SOFR + 1.25%			04/22/2032		245,037
	290,000	JPMorgan Chase & Co.(h)	1D US SOFR + 1.26%			01/25/2033		247,360
	205,000	Morgan Stanley(h)	1D US SOFR + 1.67%			07/17/2026		203,035
	215,000	Morgan Stanley(h)	1D US SOFR + 1.61%			04/20/2028		208,972
	95,000	Morgan Stanley(h)	1D US SOFR + 1.29%			01/21/2033		80,777
	275,000	Wells Fargo & Co.(h)	1D US SOFR + 1.98%			07/25/2028		271,267
	270,000	Wells Fargo & Co.(h)	1D US SOFR + 1.43%			10/30/2030		239,579
	370,000	Wells Fargo & Co.(h)	1D US SOFR + 2.06%			10/23/2034		394,592
								4,912,796
Beverages - 0.02%
	260,000	Keurig Dr Pepper, Inc.	5.20	%		03/15/2031		259,557
Biotechnology - 0.05%
	210,000	Amgen, Inc.	5.75	%		03/02/2063		205,837
	150,000	Gilead Sciences, Inc.	5.55	%		10/15/2053		149,877
	325,000	Royalty Pharma PLC	2.15	%		09/02/2031		260,649
								616,363
Building Materials - 0.06%
	150,000	Builders FirstSource, Inc.(g)	6.38	%		03/01/2034		148,689
	120,000	EMRLD Borrower LP / Emerald Co.-Issuer, Inc.(g)	6.63	%		12/15/2030		121,086
	65,000	EMRLD Borrower LP / Emerald Co.-Issuer, Inc.(g)	6.75	%		07/15/2031		65,853
	130,000	Griffon Corp.	5.75	%		03/01/2028		125,552
	120,000	Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC(g)	6.75	%		04/01/2032		120,929
	125,000	Owens Corning	5.70	%		06/15/2034		126,209
	75,000	Standard Industries, Inc.(g)	4.38	%		07/15/2030		67,826
								776,144

Principal Amount/Description			Rate			Maturity		Value
Chemicals - 0.06%
$	285,000	CF Industries, Inc.		5.38	%		03/15/2044	$	261,815
	250,000	Mosaic Co.		5.38	%		11/15/2028		251,118
	200,000	Solvay Finance America LLC(g)		5.65	%		06/04/2029		201,434
	75,000	WR Grace Holdings LLC(g)		5.63	%		08/15/2029		69,206
									783,573
Commercial Services - 0.10%
	110,000	Allied Universal Holdco LLC(g)		7.88	%		02/15/2031		110,385
	50,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)		6.63	%		07/15/2026		49,895
	70,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)		9.75	%		07/15/2027		69,646
	260,000	Global Payments, Inc.		4.95	%		08/15/2027		257,511
	105,000	Mavis Tire Express Services Topco Corp.(g)		6.50	%		05/15/2029		97,977
	200,000	Triton Container International, Ltd. / TAL International Container Corp.		3.25	%		03/15/2032		164,294
	267,000	Verisk Analytics, Inc.		5.25	%		06/05/2034		263,014
	65,000	VT Topco, Inc.(g)		8.50	%		08/15/2030		68,329
	75,000	Wand NewCo 3, Inc.(g)		7.63	%		01/30/2032		77,523
	50,000	WASH Multifamily Acquisition, Inc.(g)		5.75	%		04/15/2026		48,925
									1,207,499
Computers - 0.06%
	260,000	Fortinet, Inc.		1.00	%		03/15/2026		241,470
	350,000	Kyndryl Holdings, Inc.		4.10	%		10/15/2041		265,432
	249,000	NetApp, Inc.		1.88	%		06/22/2025		239,943
									746,845
Containers and Packaging - 0.02%
	270,000	Packaging Corp. of America		3.40	%		12/15/2027		255,339
Cosmetics/Personal Care - 0.01%
	130,000	Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC(g)		6.63	%		07/15/2030		132,026
Distribution/Wholesale - 0.02%
	180,000	BCPE Empire Holdings, Inc.(g)		7.63	%		05/01/2027		174,591
	75,000	Dealer Tire LLC / DT Issuer LLC(g)		8.00	%		02/01/2028		72,504
									247,095
Diversified Financial Services - 0.21%
	150,000	Air Lease Corp.		1.88	%		08/15/2026		139,143
	196,000	Air Lease Corp.		5.20	%		07/15/2031		191,602
	458,000	American Express Co.		3.95	%		08/01/2025		450,598
	415,000	Aviation Capital Group LLC(g)		1.95	%		09/20/2026		382,608
	196,000	Aviation Capital Group LLC(g)		5.38	%		07/15/2029		193,777
	160,000	BlackRock Funding, Inc.		5.25	%		03/14/2054		154,733
	450,000	BlackRock, Inc.		4.75	%		05/25/2033		441,483
	140,000	Nationstar Mortgage Holdings, Inc.(g)		5.75	%		11/15/2031		131,709
	95,000	Navient Corp.		5.00	%		03/15/2027		90,785
	125,000	OneMain Finance Corp.		6.63	%		01/15/2028		125,567
	150,000	OneMain Finance Corp.		7.50	%		05/15/2031		151,911

Principal Amount/Description			Rate			Maturity		Value
$	70,000	PennyMac Financial Services, Inc.(g)		7.88	%		12/15/2029	$	72,237
									2,526,153
Electric - 0.51%
	155,000	AEP Texas, Inc.		5.45	%		05/15/2029		155,857
	55,000	AEP Transmission Co. LLC		5.40	%		03/15/2053		52,647
	263,000	Arizona Public Service Co.		5.70	%		08/15/2034		262,830
	155,000	Black Hills Corp.		6.00	%		01/15/2035		156,017
	417,000	DTE Energy Co.		5.85	%		06/01/2034		423,264
	254,000	Duke Energy Corp.		5.45	%		06/15/2034		251,164
	325,000	Duke Energy Corp.		3.95	%		08/15/2047		243,509
	85,000	Duke Energy Corp.		5.00	%		08/15/2052		73,916
	130,000	Entergy Arkansas LLC		5.75	%		06/01/2054		129,195
	130,000	Entergy Corp.		2.80	%		06/15/2030		113,622
	134,000	Eversource Energy		5.50	%		01/01/2034		131,535
	1,000,000	Exelon Corp.		4.05	%		04/15/2030		938,956
	243,000	Georgia Power Co.		2.20	%		09/15/2024		241,166
	750,000	NextEra Energy Capital Holdings, Inc.		2.44	%		01/15/2032		615,219
	160,000	NextEra Energy Capital Holdings, Inc.		5.55	%		03/15/2054		153,231
	59,000	NextEra Energy Capital Holdings, Inc.(h)		5Y US TI + 2.46%			06/15/2054		59,486
	160,000	NRG Energy, Inc.(g)		2.00	%		12/02/2025		151,476
	39,000	Oglethorpe Power Corp.(g)		5.80	%		06/01/2054		38,197
	242,000	Pacific Gas and Electric Co.		6.95	%		03/15/2034		260,786
	625,000	Pacific Gas and Electric Co.		6.75	%		01/15/2053		649,302
	135,000	Pike Corp.(g)		5.50	%		09/01/2028		129,721
	60,000	Pike Corp.(g)		8.63	%		01/31/2031		63,634
	85,000	San Diego Gas & Electric Co.		5.35	%		04/01/2053		80,409
	265,000	Southern California Edison Co.		5.45	%		06/01/2031		266,999
	280,000	Southern Co.(h)		5Y US TI + 2.92%			09/15/2051		263,511
	225,000	Southwestern Electric Power Co.		3.25	%		11/01/2051		142,193
	85,000	Vistra Operations Co. LLC(g)		7.75	%		10/15/2031		88,585
	70,000	Vistra Operations Co. LLC(g)		6.88	%		04/15/2032		71,116
									6,207,543
Electronics - 0.04%
	223,000	Allegion US Holding Co., Inc.		5.60	%		05/29/2034		223,238
	220,000	Arrow Electronics, Inc.		3.88	%		01/12/2028		208,434
									431,672
Engineering & Construction - 0.01%
	185,000	Jacobs Engineering Group, Inc.		5.90	%		03/01/2033		185,063
Engineering&Construction - 0.02%
	55,000	Artera Services LLC(g)		8.50	%		02/15/2031		56,664
	80,000	Brand Industrial Services, Inc.(g)		10.38	%		08/01/2030		86,555
	90,000	MasTec, Inc.		5.90	%		06/15/2029		90,451
									233,670
Entertainment - 0.05%
	125,000	Caesars Entertainment, Inc.(g)		6.50	%		02/15/2032		125,695
	135,000	Light & Wonder International, Inc.(g)		7.25	%		11/15/2029		137,981
	105,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.(g)		4.88	%		05/01/2029		97,891
	100,000	Scientific Games Holdings LP/Scientific Games US FinCo, Inc.(g)		6.63	%		03/01/2030		97,549

Principal Amount/Description			Rate			Maturity		Value
$	145,000	Six Flags Entertainment Corp. / Six Flags Theme Parks, Inc.(g)		6.63	%		05/01/2032	$	147,446
	50,000	Vail Resorts, Inc.(g)		6.50	%		05/15/2032		50,629
									657,191
Environmental Control - 0.02%
	70,000	Madison IAQ LLC(g)		4.13	%		06/30/2028		65,344
	70,000	Madison IAQ LLC(g)		5.88	%		06/30/2029		65,194
	175,000	Veralto Corp.(g)		5.35	%		09/18/2028		175,794
									306,332
Food - 0.03%
	140,000	Campbell Soup Co.		5.40	%		03/21/2034		139,138
	105,000	United Natural Foods, Inc.(g)		6.75	%		10/15/2028		94,893
	90,000	US Foods, Inc.(g)		7.25	%		01/15/2032		93,514
									327,545
Gas - 0.02%
	265,000	NiSource, Inc.		5.35	%		04/01/2034		260,023
Hand/Machine Tools - 0.01%
	105,000	Regal Rexnord Corp.		6.05	%		02/15/2026		105,311
Healthcare-Products - 0.04%
	100,000	Medline Borrower LP(g)		5.25	%		10/01/2029		95,510
	20,000	Medline Borrower LP/Medline Co.-Issuer, Inc.(g)		6.25	%		04/01/2029		20,251
	250,000	Sotera Health Holdings LLC(g)		7.38	%		06/01/2031		250,684
	145,000	Zimmer Biomet Holdings, Inc.		5.35	%		12/01/2028		145,920
									512,365
Healthcare-Services - 0.23%
	425,000	Centene Corp.		2.50	%		03/01/2031		349,106
	90,000	CHS/Community Health Systems, Inc.(g)		6.00	%		01/15/2029		79,506
	210,000	Elevance Health, Inc.		2.38	%		01/15/2025		206,402
	85,000	Elevance Health, Inc.		4.55	%		05/15/2052		71,324
	70,000	Fortrea Holdings, Inc.(g)		7.50	%		07/01/2030		69,638
	370,000	HCA, Inc.		5.38	%		02/01/2025		368,822
	585,000	HCA, Inc.		5.25	%		06/15/2049		521,888
	175,000	IQVIA, Inc.		6.25	%		02/01/2029		179,997
	130,000	Legacy LifePoint Health LLC(g)		4.38	%		02/15/2027		124,291
	155,000	LifePoint Health, Inc.(g)		10.00	%		06/01/2032		158,668
	85,000	ModivCare Escrow Issuer, Inc.(g)		5.00	%		10/01/2029		59,985
	100,000	Tenet Healthcare Corp.		6.25	%		02/01/2027		100,020
	125,000	Tenet Healthcare Corp.		6.13	%		06/15/2030		124,312
	305,000	UnitedHealth Group, Inc.		5.05	%		04/15/2053		282,709
	90,000	UnitedHealth Group, Inc.		4.95	%		05/15/2062		80,154
									2,776,822
Insurance - 0.21%
	95,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer(g)		6.75	%		10/15/2027		93,790
	70,000	AmWINS Group, Inc.(g)		4.88	%		06/30/2029		65,217
	260,000	Athene Global Funding(g)(h)		SOFRINDX + 0.56%			08/19/2024		260,112
	290,000	Athene Holding, Ltd.		6.25	%		04/01/2054		290,440
	215,000	Berkshire Hathaway Finance Corp.		2.85	%		10/15/2050		138,385
	110,000	Berkshire Hathaway Finance Corp.		3.85	%		03/15/2052		85,114
	130,000	Brighthouse Financial Global Funding(g)		2.00	%		06/28/2028		113,446

Principal Amount/Description			Rate			Maturity		Value
$	268,000	Brown & Brown, Inc.		5.65	%		06/11/2034	$	266,451
	220,000	F&G Annuities & Life, Inc.		6.50	%		06/04/2029		219,375
	90,000	GTCR AP Finance, Inc.(g)		8.00	%		05/15/2027		90,273
	60,000	HUB International, Ltd.(g)		7.25	%		06/15/2030		61,551
	100,000	Markel Group, Inc.		6.00	%		05/16/2054		99,043
	285,000	Massachusetts Mutual Life Insurance Co.(g)		3.20	%		12/01/2061		175,285
	100,000	Panther Escrow Issuer LLC(g)		7.13	%		06/01/2031		101,220
	460,000	Willis North America, Inc.		4.50	%		09/15/2028		447,168
									2,506,870
Internet - 0.07%
	130,000	Expedia Group, Inc.		5.00	%		02/15/2026		129,086
	245,000	Expedia Group, Inc.		3.80	%		02/15/2028		233,268
	118,000	Expedia Group, Inc.		2.95	%		03/15/2031		102,084
	300,000	Meta Platforms, Inc.		4.45	%		08/15/2052		258,814
	130,000	Netflix, Inc.		4.88	%		04/15/2028		129,371
									852,623
Investment Companies - 6.03%
	265,000	Ares Capital Corp.		3.25	%		07/15/2025		257,538
	4,500,000	BlackRock TCP Capital Corp.		6.95	%		05/30/2029		4,393,377
	1,000,000	Blackstone Private Credit Fund		2.35	%		11/22/2024		985,658
	8,000,000	Blackstone Private Credit Fund		2.63	%		12/15/2026		7,318,803
	6,800,000	Blue Owl Capital Corp.		3.75	%		07/22/2025		6,631,203
	4,092,439	Blue Owl Capital Corp.		2.88	%		06/11/2028		3,621,370
	667,000	Blue Owl Capital Corp. II(g)		4.63	%		11/26/2024		662,885
	5,247,000	Blue Owl Capital Corp. III		3.13	%		04/13/2027		4,802,004
	6,661,000	Blue Owl Credit Income Corp.		5.50	%		03/21/2025		6,627,422
	844	Blue Owl Credit Income Corp.(g)		5.50	%		03/21/2025		840
	2,000,000	Blue Owl Credit Income Corp.		4.70	%		02/08/2027		1,903,753
	3,482,180	Blue Owl Credit Income Corp.		7.75	%		09/16/2027		3,579,516
	2,000,000	Blue Owl Credit Income Corp.		7.95	%		06/13/2028		2,068,654
	3,715,000	Blue Owl Technology Finance Corp.(g)		6.75	%		06/30/2025		3,694,990
	9,550,000	Blue Owl Technology Finance Corp.(g)		4.75	%		12/15/2025		9,250,854
	1,500,000	Franklin BSP Capital Corp.(g)		4.85	%		12/15/2024		1,484,032
	2,300,000	Golub Capital BDC, Inc.		2.05	%		02/15/2027		2,068,690
	3,312,000	New Mountain Finance Corp.		6.88	%		02/01/2029		3,234,810
	8,300,000	Oaktree Specialty Lending Corp.		7.10	%		02/15/2029		8,408,750
	1,000,000	Oaktree Strategic Credit Fund(g)		8.40	%		11/14/2028		1,057,554
	1,000,000	Sixth Street Specialty Lending, Inc.		3.88	%		11/01/2024		992,699
									73,045,402
Leisure Time - 0.08%
	125,000	Carnival Corp.(g)		5.75	%		03/01/2027		123,568
	140,000	NCL Corp., Ltd.(g)		5.88	%		02/15/2027		138,278
	226,000	Royal Caribbean Cruises, Ltd.(g)		5.38	%		07/15/2027		222,683
	75,000	Royal Caribbean Cruises, Ltd.(g)		6.25	%		03/15/2032		75,677
	125,000	Viking Cruises, Ltd.(g)		5.88	%		09/15/2027		123,785
	230,000	Viking Cruises, Ltd.(g)		9.13	%		07/15/2031		249,291
									933,282
Lodging - 0.08%
	65,000	Full House Resorts, Inc.(g)		8.25	%		02/15/2028		62,491
	269,000	Hyatt Hotels Corp.		5.25	%		06/30/2029		266,871
	325,000	Marriott International, Inc.		2.75	%		10/15/2033		262,529
	265,000	Marriott International, Inc.		5.30	%		05/15/2034		260,285
	125,000	Station Casinos LLC(g)		6.63	%		03/15/2032		124,477
									976,653

Principal Amount/Description			Rate			Maturity		Value
Machinery-Diversified - 0.02%
$	95,000	AGCO Corp.		5.80	%		03/21/2034	$	94,681
	135,000	CNH Industrial Capital LLC		5.10	%		04/20/2029		134,501
									229,182
Media - 0.07%
	65,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		5.13	%		05/01/2027		62,462
	85,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		4.75	%		03/01/2030		73,675
	10,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		4.75	%		02/01/2032		8,197
	80,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		4.25	%		01/15/2034		60,790
	100,000	Charter Communications Operating LLC / Charter Communications Operating Capital		6.10	%		06/01/2029		100,365
	135,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.(g)		5.88	%		08/15/2027		127,092
	75,000	DISH DBS Corp.(g)		5.75	%		12/01/2028		52,139
	60,000	Gray Television, Inc.(g)		10.50	%		07/15/2029		60,382
	70,000	McGraw-Hill Education, Inc.(g)		5.75	%		08/01/2028		67,566
	85,000	News Corp.(g)		5.13	%		02/15/2032		80,685
	70,000	Townsquare Media, Inc.(g)		6.88	%		02/01/2026		68,990
	55,000	Univision Communications, Inc.(g)		7.38	%		06/30/2030		51,203
									813,546
Metal Fabricate/Hardware - 0.01%
	100,000	Advanced Drainage Systems, Inc.(g)		6.38	%		06/15/2030		100,456
Mining - 0.07%
	50,000	Freeport-McMoRan, Inc.		4.38	%		08/01/2028		48,344
	230,000	Glencore Funding LLC(g)		1.63	%		04/27/2026		215,138
	570,000	Glencore Funding LLC(g)		5.37	%		04/04/2029		567,538
	50,000	Southern Copper Corp.		3.88	%		04/23/2025		49,238
									880,258
Oil & Gas - 0.19%
	260,000	BP Capital Markets America, Inc.		4.89	%		09/11/2033		252,951
	267,000	BP Capital Markets America, Inc.		5.23	%		11/17/2034		265,107
	85,000	Civitas Resources, Inc.(g)		8.38	%		07/01/2028		89,172
	65,000	CNX Resources Corp.(g)		6.00	%		01/15/2029		63,659
	260,000	Exxon Mobil Corp.		4.23	%		03/19/2040		228,639
	95,000	Hilcorp Energy I LP / Hilcorp Finance Co.(g)		5.75	%		02/01/2029		91,999
	25,000	Hilcorp Energy I LP / Hilcorp Finance Co.(g)		8.38	%		11/01/2033		26,662
	205,000	Marathon Petroleum Corp.		5.13	%		12/15/2026		204,288
	100,000	Matador Resources Co.(g)		6.50	%		04/15/2032		100,082
	750,000	NiSource, Inc.		3.60	%		05/01/2030		688,570
	65,000	Permian Resources Operating LLC(g)		7.00	%		01/15/2032		66,818
	65,000	Sitio Royalties Operating Partnership LP / Sitio Finance Corp.(g)		7.88	%		11/01/2028		67,259
	55,000	Transocean, Inc.(g)		8.00	%		02/01/2027		54,853
	50,000	Vital Energy, Inc.(g)		7.88	%		04/15/2032		50,866
									2,250,925
Oil & Gas Services - 0.04%
	110,000	Halliburton Co.		4.85	%		11/15/2035		104,672

Principal Amount/Description			Rate			Maturity		Value
$	120,000	Kodiak Gas Services LLC(g)		7.25	%		02/15/2029	$	123,104
	215,000	Schlumberger Holdings Corp.(g)		5.00	%		11/15/2029		213,457
	50,000	Weatherford International, Ltd.(g)		8.63	%		04/30/2030		51,854
									493,087
Packaging & Containers - 0.09%
	101,000	Berry Global, Inc.(g)		4.88	%		07/15/2026		99,261
	150,000	Berry Global, Inc.(g)		5.65	%		01/15/2034		146,610
	70,000	Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.(g)		4.38	%		10/15/2028		65,425
	90,000	Sealed Air Corp./Sealed Air Corp US(g)		7.25	%		02/15/2031		92,776
	170,000	Trident TPI Holdings, Inc.(g)		12.75	%		12/31/2028		185,888
	471,000	WRKCo, Inc.		3.75	%		03/15/2025		464,505
									1,054,465
Pharmaceuticals - 0.17%
	283,000	AbbVie, Inc.		4.70	%		05/14/2045		255,795
	140,000	AbbVie, Inc.		5.50	%		03/15/2064		138,316
	65,000	AdaptHealth LLC(g)		5.13	%		03/01/2030		56,920
	105,000	Bristol-Myers Squibb Co.		5.50	%		02/22/2044		103,905
	420,000	Bristol-Myers Squibb Co.		5.55	%		02/22/2054		414,368
	260,000	CVS Health Corp.		5.30	%		06/01/2033		254,210
	395,000	CVS Health Corp.		5.88	%		06/01/2053		378,781
	185,000	Merck & Co., Inc.		4.50	%		05/17/2033		178,712
	95,000	Owens & Minor, Inc.(g)		6.63	%		04/01/2030		86,463
	165,000	Viatris, Inc.		1.65	%		06/22/2025		158,619
									2,026,089
Pipelines - 0.34%
	60,000	Blue Racer Midstream LLC / Blue Racer Finance Corp.(g)		7.25	%		07/15/2032		61,728
	175,000	Buckeye Partners LP(g)		6.88	%		07/01/2029		175,768
	265,000	Cheniere Energy, Inc.		4.63	%		10/15/2028		257,371
	1,000,000	Energy Transfer LP		3.90	%		07/15/2026		968,585
	310,000	Energy Transfer LP		5.00	%		05/15/2044		267,688
	273,000	Energy Transfer LP		5.95	%		05/15/2054		266,009
	115,000	Harvest Midstream I LP(g)		7.50	%		05/15/2032		116,884
	433,000	Kinder Morgan Energy Partners LP		6.95	%		01/15/2038		470,013
	267,000	MPLX LP		5.50	%		06/01/2034		263,063
	95,000	NGL Energy Operating LLC / NGL Energy Finance Corp.(g)		8.13	%		02/15/2029		96,869
	120,000	NGPL PipeCo LLC(g)		3.25	%		07/15/2031		102,615
	140,000	ONEOK, Inc.		3.40	%		09/01/2029		128,515
	125,000	ONEOK, Inc.		6.63	%		09/01/2053		133,496
	205,000	Sabine Pass Liquefaction LLC		5.00	%		03/15/2027		203,336
	60,000	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.(g)		7.38	%		02/15/2029		60,339
	100,000	Venture Global LNG, Inc.(g)		8.13	%		06/01/2028		103,101
	65,000	Venture Global LNG, Inc.(g)		8.38	%		06/01/2031		67,469
	65,000	Venture Global LNG, Inc.(g)		9.88	%		02/01/2032		70,788
	355,000	Williams Cos., Inc.		5.15	%		03/15/2034		346,492
									4,160,129
Real Estate - 0.00%(a)
	65,000	Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp.(g)		5.25	%		04/15/2030		38,865
REITS - 0.33%
	115,000	Agree LP		2.60	%		06/15/2033		90,728

Principal Amount/Description			Rate			Maturity		Value
$	245,000	Alexandria Real Estate Equities, Inc.		3.00	%		05/18/2051	$	147,718
	60,000	Alexandria Real Estate Equities, Inc.		5.15	%		04/15/2053		52,820
	420,000	American Homes 4 Rent LP		5.50	%		02/01/2034		413,170
	110,000	American Tower Corp.		5.55	%		07/15/2033		109,926
	220,000	COPT Defense Properties LP		2.90	%		12/01/2033		173,367
	770,000	Crown Castle, Inc.		3.65	%		09/01/2027		732,114
	290,000	Equinix, Inc.		1.80	%		07/15/2027		262,143
	265,000	Extra Space Storage LP		5.40	%		02/01/2034		259,565
	300,000	Host Hotels & Resorts LP		2.90	%		12/15/2031		250,993
	270,000	Host Hotels & Resorts LP		5.70	%		07/01/2034		265,513
	170,000	Iron Mountain, Inc.(g)		7.00	%		02/15/2029		173,162
	175,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(g)		7.00	%		02/01/2030		177,232
	205,000	Phillips Edison Grocery Center Operating Partnership I LP		5.75	%		07/15/2034		202,574
	130,000	Sabra Health Care LP		3.20	%		12/01/2031		108,124
	320,000	Sun Communities Operating LP		2.70	%		07/15/2031		264,412
	280,000	VICI Properties LP / VICI Note Co., Inc.(g)		4.63	%		12/01/2029		265,202
									3,948,763
Retail - 0.17%
	99,000	AutoZone, Inc.		5.10	%		07/15/2029		98,611
	65,000	Cougar JV Subsidiary LLC(g)		8.00	%		05/15/2032		67,267
	107,000	Dollar General Corp.		4.25	%		09/20/2024		106,600
	470,000	Dollar Tree, Inc.		4.00	%		05/15/2025		463,323
	75,000	Ferrellgas LP / Ferrellgas Finance Corp.(g)		5.38	%		04/01/2026		73,425
	75,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.(g)		6.75	%		01/15/2030		65,921
	224,000	Home Depot, Inc.		4.95	%		06/25/2034		221,751
	160,000	Lowe's Cos., Inc.		5.63	%		04/15/2053		155,041
	75,000	Macy's Retail Holdings LLC(g)		5.88	%		04/01/2029		72,853
	300,000	McDonald's Corp.		4.45	%		03/01/2047		251,881
	80,000	Michaels Cos., Inc.(g)		5.25	%		05/01/2028		64,091
	40,000	Michaels Cos., Inc.(g)		7.88	%		05/01/2029		25,715
	125,000	O'Reilly Automotive, Inc.		5.75	%		11/20/2026		126,196
	70,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.(g)		5.00	%		06/01/2031		63,098
	190,000	Victra Holdings LLC / Victra Finance Corp.(g)		7.75	%		02/15/2026		189,134
									2,044,907
Semiconductors - 0.13%
	459,000	Broadcom, Inc.(g)		3.42	%		04/15/2033		395,881
	335,000	Broadcom, Inc.(g)		3.19	%		11/15/2036		265,236
	200,000	Foundry JV Holdco LLC(g)		6.40	%		01/25/2038		206,417
	610,000	Marvell Technology, Inc.		2.95	%		04/15/2031		526,402
	155,000	Qorvo, Inc.(g)		3.38	%		04/01/2031		133,016
									1,526,952
Software - 0.14%
	70,000	AthenaHealth Group, Inc.(g)		6.50	%		02/15/2030		64,511
	90,000	Central Parent LLC / CDK Global II LLC / CDK Financing Co., Inc.(g)		8.00	%		06/15/2029		91,455
	265,000	Fiserv, Inc.		5.45	%		03/15/2034		263,458
	250,000	Intuit, Inc.		5.50	%		09/15/2053		251,366

Principal Amount/Description			Rate			Maturity		Value
$	145,000	Oracle Corp.		6.25	%		11/09/2032	$	153,543
	95,000	Oracle Corp.		3.80	%		11/15/2037		78,321
	525,000	Take-Two Interactive Software, Inc.		4.95	%		03/28/2028		520,275
	60,000	UKG, Inc.(g)		6.88	%		02/01/2031		60,794
	275,000	Workday, Inc.		3.70	%		04/01/2029		258,072
									1,741,795
Telecommunications - 0.20%
	500,000	AT&T, Inc.		4.30	%		02/15/2030		479,162
	745,000	AT&T, Inc.		3.50	%		09/15/2053		506,129
	30,000	Frontier Communications Holdings LLC(g)		5.88	%		10/15/2027		29,318
	85,000	Frontier Communications Holdings LLC(g)		5.00	%		05/01/2028		80,165
	65,000	Frontier Communications Holdings LLC(g)		6.75	%		05/01/2029		59,686
	90,000	Level 3 Financing, Inc.(g)		10.50	%		04/15/2029		90,225
	265,000	Motorola Solutions, Inc.		5.40	%		04/15/2034		262,817
	265,000	T-Mobile USA, Inc.		5.15	%		04/15/2034		260,558
	285,000	T-Mobile USA, Inc.		3.40	%		10/15/2052		194,727
	100,000	Verizon Communications, Inc.		3.88	%		03/01/2052		75,921
	445,000	Verizon Communications, Inc.		5.50	%		02/23/2054		435,934
									2,474,642
Transportation - 0.13%
	185,000	Burlington Northern Santa Fe LLC		5.20	%		04/15/2054		177,369
	670,000	CSX Corp.		3.80	%		11/01/2046		518,366
	240,000	Genesee & Wyoming, Inc.(g)		6.25	%		04/15/2032		239,401
	500,000	Union Pacific Corp.		3.70	%		03/01/2029		476,377
	135,000	XPO, Inc.(g)		7.13	%		06/01/2031		138,053
									1,549,566
Trucking & Leasing - 0.04%
	145,000	Fortress Transportation and Infrastructure Investors LLC(g)		7.88	%		12/01/2030		151,897
	160,000	Penske Truck Leasing Co. Lp / PTL Finance Corp.(g)		5.75	%		05/24/2026		160,468
	240,000	Penske Truck Leasing Co. LP / PTL Finance Corp.(g)		4.20	%		04/01/2027		233,237
									545,602
TOTAL U.S. CORPORATE BONDS
(Cost $133,316,939)									131,890,828
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.07%
$	200,000	Banco Nacional de Comercio Exterior SNC(h)(i)		5Y US TI + 2.00%			08/11/2031		178,327
	600,000	Colombia Government International Bond		4.13	%		05/15/2051		360,882
	200,000	Mexico Government International Bond		6.34	%		05/04/2053		189,070
	300,000	Panama Government International Bond		3.87	%		07/23/2060		171,790
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $1,246,515)									900,069

Principal Amount/Description			Rate	Maturity		Value
BANK LOANS - 0.36%(h)
India - 0.00%(a)
$	2,807	Byju's 4/24 Bridge	3M CME TERM + 8.00%		04/24/2026	$	2,807
	5,026	Byju's 4/24 New Money TL	3M US L + 0.00%		04/24/2026		5,026
	12,957	Byju's 4/24 Prepetition	3M CME TERM + 8.00%		04/24/2026		12,957
							20,790
Luxembourg - 0.08%
	1,077,065	Travelport Finance Luxembourg SARL 1L, 2021, First Lien  - Initial (Priority) Term Loan	3M SOFR + 8.26%, 1.00% Floor		02/28/2025		980,862
Netherlands - 0.00%(a)
	450	Bright Bidco BV, First Lien	3M SOFR + 9.00%, 1.00% Floor		10/31/2027		216
	5,736	Lealand Finance Company B.V., First Lien  - Make-Whole Term Loan	1M SOFR + 3.00%		06/28/2024		3,011
	83,560	Lealand Finance Company B.V., First Lien  - Take-Back Term Loan	3M US L + 1.00%		06/30/2025		39,691
							42,918
United States - 0.28%
	1,559,522	Astra Acquisition Corp., Second Lien  - Initial Term Loan	3M SOFR + 8.88%		10/22/2029		410,840
	538,805	Aveanna Healthcare LLC, Second Lien  - Initial Term Loan	3M SOFR + 7.00%, 0.50% Floor		12/10/2029		497,721
	1,630,000	Constant Contact, Inc., Second Lien  - Initial Term Loan	3M SOFR + 7.50%, 0.75% Floor		02/12/2029		1,515,900
	426,475	Riverbed Technology LLC, TL	6M CME TERM + 2.50%		07/01/2028		262,815
	587,568	Think & Learn Private, Ltd., First Lien  - B Term Loan	3M US L + 7.00%		11/05/2026		133,043
	592,599	Zephyrus Capital Aviation Tl	1M US L + 4.61%		10/15/2038		547,189
							3,367,508
TOTAL BANK LOANS
(Cost $6,291,831)							4,412,078
COLLATERALIZED LOAN OBLIGATIONS - 5.35%
		AIMCO CLO
	500,000	Series 2018-AA(g)(h)	3M SOFR + 2.81%		04/17/2031		501,137
		Apidos CLO XII
	500,000	Series 2018-12A(g)(h)	3M SOFR + 2.86%		04/15/2031		501,389
		Apidos CLO XXIV
	1,000,000	Series 2018-24A(g)(h)	3M SOFR + 6.06%		10/20/2030		993,818
		Bain Capital Credit CLO 2017-2, Ltd.
	500,000	Series 2021-2A(g)(h)	3M US L + 6.50%		07/25/2034		494,845
	1,000,000	Series 2021-2A(g)(h)	3M US L + 3.10%		07/25/2034		1,000,766
		Bain Capital Credit Clo 2019-4, Ltd.
	500,000	Series 2022-4A(g)(h)	3M SOFR + 3.63%		04/23/2035		499,953
		Bain Capital Credit CLO 2021-2, Ltd.
	500,000	Series 2021-2A(g)(h)	3M SOFR + 3.41%		07/16/2034		502,103

Principal Amount/Description			Rate	Maturity		Value
		Bain Capital Credit CLO 2022-3, Ltd.
$	1,000,000	Series 2022-3A(g)(h)	3M SOFR + 7.35%		07/17/2035	$	1,003,787
		Bain Capital Credit CLO 2023-3, Ltd.
	500,000	Series 2023-3A(g)(h)	3M SOFR + 5.25%		07/24/2036		517,959
		Barings CLO, Ltd.
	500,000	Series 2018-4A(g)(h)	3M SOFR + 6.08%		10/15/2030		502,429
		Barings CLO, Ltd. 2018-III
	1,295,000	Series 2018-3A(g)(h)	3M SOFR + 6.01%		07/20/2029		1,299,411
		Barings CLO, Ltd. 2019-I
	1,500,000	Series 2021-1A(g)(h)	3M SOFR + 7.12%		04/15/2035		1,513,165
		Barings CLO, Ltd. 2019-II
	500,000	Series 2021-2A(g)(h)	3M US L + 3.41%		04/15/2036		499,276
		Beechwood Park CLO, Ltd.
	500,000	Series 2022-1A(g)(h)	3M SOFR + 6.50%		01/17/2035		503,663
		BlueMountain CLO, Ltd.
	500,000	Series 2018-3A(g)(h)	3M SOFR + 2.86%		04/20/2031		492,823
		BlueMountain Fuji US CLO II, Ltd.
	1,000,000	Series 2017-2A(g)(h)	3M SOFR + 3.26%		10/20/2030		982,561
		Buttermilk Park CLO, Ltd.
	1,000,000	Series 2018-1A(g)(h)	3M SOFR + 6.01%		10/15/2031		1,001,644
		Canyon Capital CLO 2016-2, Ltd.
	500,000	Series 2018-2A(g)(h)	3M SOFR + 3.41%		10/15/2031		501,075
		Canyon Capital CLO 2017-1, Ltd.
	500,000	Series 2021-1A(g)(h)	3M SOFR + 3.26%		07/15/2030		501,733
		Canyon Capital CLO 2019-1, Ltd.
	500,000	Series 2021-1A(g)(h)	3M US L + 7.09%		04/15/2032		499,331
		Canyon Capital CLO, Ltd.
	1,000,000	Series 2018-1A(g)(h)	3M SOFR + 3.01%		01/30/2031		982,797
	1,500,000	Series 2018-1A(g)(h)	3M SOFR + 5.76%		01/30/2031		1,408,569
	1,000,000	Series 2018-1A(g)(h)	3M US L + 5.75%		07/15/2031		990,870
	500,000	Series 2018-1A(g)(h)	3M US L + 2.80%		07/15/2031		501,633
		Canyon CLO 2021-3, Ltd.
	1,000,000	Series 2021-3A(g)(h)	3M SOFR + 3.31%		07/15/2034		1,003,997
		Canyon CLO 2021-4, Ltd.
	1,000,000	Series 2021-4A(g)(h)	3M SOFR + 6.56%		10/15/2034		1,005,366
		Carlyle Global Market Strategies CLO 2016-3, Ltd.
	1,000,000	Series 2021-3A(g)(h)	3M US L + 3.30%		07/20/2034		1,006,342
		Carlyle Global Market Strategies CLO, Ltd.
	1,000,000	Series 2018-2RA(g)(h)	3M SOFR + 5.61%		05/15/2031		967,719
		Carlyle US CLO 2020-2, Ltd.
	2,000,000	Series 2021-2A(g)(h)	3M SOFR + 6.96%		01/25/2035		2,017,300
		Carlyle US CLO 2021-1, Ltd.
	500,000	Series 2021-1A(g)(h)	3M SOFR + 6.26%		04/15/2034		502,952
		Chenango Park CLO, Ltd.
	500,000	Series 2018-1A(g)(h)	3M SOFR + 3.26%		04/15/2030		499,209
	1,000,000	Series 2018-1A(g)(h)	3M SOFR + 6.06%		04/15/2030		976,028
		Cook Park CLO, Ltd.
	500,000	Series 2018-1A(g)(h)	3M SOFR + 2.86%		04/17/2030		500,515
		Crown Point CLO IV, Ltd.
	500,000	Series 2018-4A(g)(h)	3M SOFR + 2.16%		04/20/2031		498,674
		Dryden 57 CLO, Ltd.
	500,000	Series 2018-57A(g)(h)	3M SOFR + 2.81%		05/15/2031		495,089
		Elevation CLO 2021-14, Ltd.
	500,000	Series 2021-14A(g)(h)	3M SOFR + 2.56%		10/20/2034		500,509
		Elmwood CLO IX, Ltd.
	500,000	Series 2021-2A(g)(h)	3M US L + 5.94%		07/20/2034		503,311

Principal Amount/Description			Rate	Maturity		Value
		Galaxy XIX CLO, Ltd.
$	1,300,000	Series 2017-19A(g)(h)	3M SOFR + 6.79%		07/24/2030	$	1,280,665
		Gilbert Park CLO, Ltd.
	1,000,000	Series 2017-1A(g)(h)	3M SOFR + 6.66%		10/15/2030		998,448
		Goldentree Loan Management US CLO, Ltd.
	500,000	Series 2018-3A(g)(h)	3M SOFR + 3.11%		04/20/2030		502,226
		Katayma CLO I, Ltd.
	500,000	Series 2023-1A(g)(h)	3M CME TERM SOFR + 5.25%		10/20/2036		512,361
		Marble Point CLO XII, Ltd.
	500,000	Series 2018-1A(g)(h)	3M SOFR + 3.26%		07/16/2031		489,862
		Milos CLO, Ltd.
	500,000	Series 2020-1A(g)(h)	3M SOFR + 6.41%		10/20/2030		502,212
		Myers Park CLO, Ltd.
	1,000,000	Series 2018-1A(g)(h)	3M SOFR + 5.76%		10/20/2030		1,005,040
		Neuberger Berman Loan Advisers CLO 37, Ltd.
	500,000	Series 2021-37A(g)(h)	3M SOFR + 6.01%		07/20/2031		501,482
		Neuberger Berman Loan Advisers CLO 42, Ltd.
	500,000	Series 2021-42A(g)(h)	3M SOFR + 6.21%		07/16/2035		502,712
		Neuberger Berman Loan Advisers Clo 44, Ltd.
	1,000,000	Series 2021-44A(g)(h)	3M SOFR + 6.26%		10/16/2034		1,006,864
		Point Au Roche Park CLO, Ltd.
	500,000	Series 2021-1A(g)(h)	3M US L + 6.13%		07/20/2034		502,563
		Rockland Park CLO, Ltd.
	500,000	Series 2021-1A(g)(h)	3M US L + 6.25%		04/20/2034		503,645
		Sound Point CLO XXIII
	500,000	Series 2021-2A(g)(h)	3M SOFR + 3.56%		07/15/2034		491,613
		Sound Point CLO XXIV
	1,375,000	Series 2021-3A(g)(h)	3M SOFR + 6.98%		10/25/2034		1,164,479
	500,000	Series 2021-3A(g)(h)	3M CME TERM SOFR + 3.76%		10/25/2034		487,845
		Sound Point CLO XXVI, Ltd.
	500,000	Series 2021-1A(g)(h)	3M US L + 3.35%		07/20/2034		490,848
		Sound Point CLO XXVIII, Ltd.
	1,000,000	Series 2020-3A(g)(h)	3M US L + 6.90%		01/25/2032		1,010,707
		Sound Point CLO XXXII, Ltd.
	500,000	Series 2021-4A(g)(h)	3M SOFR + 3.66%		10/25/2034		488,380
	500,000	Series 2021-4A(g)(h)	3M SOFR + 6.96%		10/25/2034		459,035
		Stewart Park CLO, Ltd.
	500,000	Series 2018-1A(g)(h)	3M SOFR + 2.86%		01/15/2030		497,279
		THL Credit Wind River 2017-1 CLO, Ltd.
	1,400,000	Series 2021-1A(g)(h)	3M US L + 3.91%		04/18/2036		1,390,681
		THL Credit Wind River 2017-3 CLO, Ltd.
	500,000	Series 2021-3A(g)(h)	3M US L + 7.08%		04/15/2035		488,873
		THL Credit Wind River 2018-3 CLO, Ltd.
	2,000,000	Series 2018-3A(g)(h)	3M SOFR + 3.21%		01/20/2031		2,005,612
		THL Credit Wind River 2019-1 CLO, Ltd.
	1,150,000	Series 2021-1A(g)(h)	3M SOFR + 3.71%		07/20/2034		1,113,908
		THL Credit Wind River CLO, Ltd.
	500,000	Series 2018-1A(g)(h)	2.90% - 3M US L		07/15/2030		501,420
	2,000,000	Series 2018-1A(g)(h)	5.50% - 3M US L		07/15/2030		1,955,430
	1,000,000	Series 2018-1A(g)(h)	3M US L + 3.00%		07/18/2031		982,507
	1,000,000	Series 2018-2A(g)(h)	3M SOFR + 6.01%		07/15/2030		958,868

Principal Amount/Description			Rate		Maturity		Value
$	1,000,000	Series 2018-3A(g)(h)	3M SOFR + 6.48%			10/22/2031	$	902,743
		Upland CLO, Ltd.
	500,000	Series 2018-1A(g)(h)	3M SOFR + 3.16%			04/20/2031		501,585
		Vibrant Clo III, Ltd.
	1,050,000	Series 2018-3A(g)(h)	3M SOFR + 3.76%			10/20/2031		1,047,760
		Voya CLO 2017-2
	1,000,000	Series 2017-2A(g)(h)	3M SOFR + 6.28%			06/07/2030		979,473
		Voya CLO 2020-1, Ltd.
	1,000,000	Series 2021-1A(g)(h)	3M CME TERM SOFR + 6.61%			07/16/2034		1,002,704
		Voya CLO 2022-3, Ltd.
	1,000,000	Series 2023-3A(g)(h)	3M CME TERM SOFR + 4.50%			10/20/2036		1,016,174
		Voya CLO, Ltd.
	500,000	Series 2018-1A(g)(h)	3M SOFR + 3.06%			04/18/2031		501,658
	1,000,000	Series 2018-2A(g)(h)	3M SOFR + 3.01%			07/15/2031		993,568
	1,000,000	Series 2018-2A(g)(h)	3M SOFR + 5.51%			07/15/2031		944,775
	500,000	Series 2018-3A(g)(h)	3M SOFR + 6.46%			10/20/2031		478,786
	500,000	Series 2018-4A(g)(h)	3M SOFR + 6.21%			07/14/2031		464,172
		Webster Park CLO, Ltd.
	1,000,000	Series 2018-1A(g)(h)	5.50% - 3M US L			07/20/2030		997,879
		Wellfleet CLO 2021-1, Ltd.
	1,000,000	Series 2021-1A(g)(h)	3M CME TERM SOFR + 6.87%			04/20/2034		969,555
		Wind River 2013-1 CLO, Ltd.
	500,000	Series 2017-1A(g)(h)	3M SOFR + 3.91%			07/20/2030		501,040
		Wind River 2014-3 CLO, Ltd.
	1,500,000	Series 2018-3A(g)(h)	3M SOFR + 3.66%			10/22/2031		1,472,491
		Wind River 2021-2 CLO, Ltd.
	500,000	Series 2021-2A(g)(h)	3M SOFR + 6.69%			07/20/2034		467,257
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $64,497,685)								64,710,933
EQUITY - LINKED NOTES - 0.00%(a)
	263,093	Inverpamplona SA(b)(c)(l)	0.00	%		12/30/2028		–
TOTAL EQUITY - LINKED NOTES
(Cost $11,250)								–
NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.48%
		Aaset 2021-2 Trust
	392,476	Series 2021-2A(g)	3.54	%		12/15/2028		329,546
		AASET 2024-1
	500,000	Series 2024-1A(g)	6.26	%		05/16/2031		499,831
		ABFC Trust
	2,433,315	Series 2007-WMC1(h)	1M SOFR + 1.36%			06/25/2037		1,712,556
		Alen Mortgage Trust
	1,107,000	Series 2021-ACEN(g)(h)	1M SOFR + 4.11%			04/15/2026		562,177
		AMSR
	5,100,000	Series 2020-SFR3(g)	4.99	%		09/17/2025		4,962,452
	5,000,000	Series 2021-SFR1(g)	4.61	%		06/17/2028		4,322,689
		Arbor Realty Commercial Real Estate Notes, Ltd.
	194,244	Series 2021-FL3(g)(h)	1M CME TERM SOFR + 1.18%			07/15/2026		192,555
	1,100,000	Series 2022-FL1(g)(h)	30D US SOFR + 2.30%			01/15/2027		1,073,286

Principal Amount/Description			Rate			Maturity		Value
		AREIT, Ltd.
$	220,000	Series 2024-CRE9(g)(h)		1M CME TERM SOFR + 2.54%			02/17/2029	$	220,396
	700,000	Series 2024-CRE9(g)(h)		1M CME TERM SOFR + 4.29%			02/17/2029		699,069
		BANK
	10,291,000	Series 2018-BN12(g)(h)(m)		1.50	%		05/15/2061		462,125
	165,000	Series 2022-BNK39(g)		2.50	%		01/15/2032		100,738
	660,000	Series 2022-BNK39		3.18	%		01/15/2032		559,364
		BANK 2019-BNK23
	330,000	Series 2019-BN23		2.92	%		12/15/2052		292,198
		BANK 2020-BNK27
	16,875,000	Series 2020-BN27(g)(h)(m)		0.83	%		04/15/2030		584,786
		BANK 2021-BNK35
	316,000	Series 2021-BN35		2.29	%		07/15/2031		259,958
		BANK 2021-BNK37
	381,000	Series 2021-BN37(h)		3.21	%		11/15/2031		294,528
		Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10
	1,090,000	Series 2016-UB10(h)		4.99	%		05/15/2026		1,029,088
		BANK5
	296,000	Series 2024-5YR7		5.79	%		05/15/2029		300,377
		BBCMS Mortgage Trust
	519,000	Series 2022-C17		4.44	%		08/15/2032		490,633
	350,000	Series 2024-5C27		5.55	%		10/15/2028		352,911
	5,542,000	Series 2024-5C27(g)(h)(m)		2.97	%		06/15/2029		642,683
		BBCMS Trust
	3,000,000	Series 2018-CBM(g)(h)		1M SOFR + 3.85%			07/15/2037		2,712,716
		Benchmark Mortgage Trust
	9,310,055	Series 2018-B2(h)(m)		0.59	%		01/15/2028		107,262
	600,000	Series 2018-B2(h)		4.43	%		01/15/2028		499,804
	20,170,452	Series 2018-B4(h)(m)		0.60	%		06/15/2028		279,121
	1,589,000	Series 2018-B4(g)(h)		2.90	%		07/17/2051		1,210,801
	1,130,000	Series 2019-B9(h)		4.97	%		01/15/2029		928,212
	522,000	Series 2020-B18(g)		4.14	%		08/15/2025		482,379
	1,510,000	Series 2021-B31(g)		2.25	%		11/15/2031		772,324
	592,000	Series 2022-B32(h)		3.53	%		01/15/2032		488,079
	300,000	Series 2024-V7		5.77	%		04/15/2029		304,150
		BF Mortgage Trust
	705,000	Series 2019-NYT(g)(h)		1M SOFR + 3.05%			12/15/2035		446,351
		Blackbird Capital II Aircraft Lease, Ltd.
	1,104,696	Series 2021-1A(g)		3.47	%		07/15/2028		968,093
		BMO Mortgage Trust
	7,951,000	Series 2022-C1(g)(h)(m)		1.89	%		02/15/2032		857,937
	249,144	Series 2023-C5		5.74	%		02/15/2028		247,902
		BRSP, Ltd.
	260,898	Series 2021-FL1(g)(h)		1M CME TERM SOFR + 1.26%			08/19/2038		258,258
		BSPRT Issuer, Ltd.
	300,000	Series 2023-FL10(g)(h)		1M CME TERM SOFR + 3.27%			08/15/2028		299,456
		BX Commercial Mortgage Trust
	1,000,000	Series 2019-IMC(g)(h)		1M SOFR + 2.01%			04/15/2034		973,989
		BX Trust
	636,000	Series 2019-OC11(g)(h)		4.08	%		12/09/2029		563,833
	2,406,000	Series 2019-OC11(g)(h)		4.08	%		12/06/2041		2,043,057
		Cantor Commercial Real Estate Lending
	1,113,000	Series 2019-CF1(g)(h)		4.12	%		04/15/2024		447,696

Principal Amount/Description			Rate			Maturity		Value
		Carbon Capital VI Commercial Mortgage Trust
$	995,228	Series 2019-FL2(g)(h)		1M SOFR + 2.96%			10/15/2035	$	866,843
		Carvana Auto Receivables Trust
	5,300	Series 2021-N1(g)		0.00	%		01/10/2028		545,138
	5,250	Series 2021-N2(g)		0.00	%		03/10/2028		471,502
		Cascade MH Asset Trust
	4,601,000	Series 2019-MH1(g)(h)		5.99	%		10/25/2024		4,307,065
		Castlelake Aircraft Securitization Trust
	3,324,241	Series 2018-1(g)		6.63	%		06/15/2043		1,068,999
		Castlelake Aircraft Structured Trust
	2,750,000	Series 2019-1A(g)		0.00	%		04/15/2039		107,250
		Castlelake Aircraft Structured Trust 2021-1
	1,108,283	Series 2021-1A(g)		7.00	%		10/15/2026		927,192
		Cathedral Lake VIII, Ltd.
	1,000,000	Series 2021-8A(g)(h)		3M SOFR + 2.88%			01/20/2035		1,003,882
	1,000,000	Series 2021-8A(g)(h)		3M SOFR + 3.68%			01/20/2035		1,002,709
		CFCRE Commercial Mortgage Trust
	432,966	Series 2016-C6		2.95	%		08/10/2026		412,018
	2,041,105	CGCMT 2014-GC25 XA					10/10/2047		143
		CIFC Funding 2019-III, Ltd.
	650,000	Series 2021-3A(g)(h)		3M SOFR + 7.06%			10/16/2034		654,491
		CIFC Funding, Ltd.
	500,000	Series 2021-4A(g)(h)		3M US L + 5.95%			07/15/2033		503,559
		Citigroup Commercial Mortgage Trust
	866,000	Series 2015-GC27(g)(h)		4.42	%		01/10/2025		780,205
	400,000	Series 2015-GC31(h)		4.05	%		06/10/2025		288,003
	225,000	Series 2019-GC41		3.20	%		08/10/2029		188,957
	1,433,000	Series 2020-555(g)(h)		3.62	%		12/10/2041		1,006,437
	546,000	Series 2022-GC48(h)		4.74	%		05/15/2032		523,425
		Citigroup Mortgage Loan Trust
	582,913	Series 2006-WF1(n)		4.56	%		03/25/2036		273,665
		Cold Storage Trust
	393,196	Series 2020-ICE5(g)(h)		1M CME TERM SOFR + 1.76%			11/15/2023		391,982
	982,991	Series 2020-ICE5(g)(h)		1M CME TERM SOFR + 2.21%			11/15/2023		980,084
		Cologix Data Centers US Issuer LLC
	2,800,000	Series 2021-1A(g)		5.99	%		12/28/2026		2,509,535
	2,538,705	COMM 2015-CR22 XA					03/10/2048		5,190
		Commercial Mortgage Pass-Through Certificates
	7,398,316	Series 2014-UBS4(g)		3.75	%		08/10/2024		338,059
	11,000	Series 2014-UBS4(g)(h)		0.00	%		08/10/2047		1
	4,007,002	Series 2015-CR26(h)(m)		0.93	%		09/10/2025		26,338
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2(n)		6.20	%		09/25/2036		588,193
	117,669	Series 2007-1(h)		5.90	%		05/25/2037		26,484
	4,668,225	CSAIL 2015-C1 XA					04/15/2050		8,016
		CSAIL Commercial Mortgage Trust
	490,000	Series 2016-C6(h)		5.08	%		04/15/2026		437,693
		CSMC
	832,000	Series 2021-B33(g)(h)		3.77	%		10/10/2031		688,942

Principal Amount/Description			Rate			Maturity		Value
		CSMC Trust
$	370,000	Series 2017-PFHP(g)(h)		1M CME TERM SOFR + 1.00%			12/15/2019	$	356,834
		DBJPM 16-C1 Mortgage Trust
	1,309,000	Series 2016-C1(h)		3.33	%		05/12/2049		1,154,614
		Diamond Infrastructure Funding LLC
	2,000,000	Series 2021-1A(g)		3.48	%		12/20/2026		1,804,696
		DOLP Trust
	500,000	Series 2021-NYC(g)(h)		3.70	%		05/10/2031		366,193
		Dryden 38 Senior Loan Fund
	1,000,000	Series 2018-38A(g)(h)		3M SOFR + 5.86%			07/15/2030		926,866
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A(g)(h)		3M SOFR + 6.01%			08/15/2031		923,596
	500,000	Series 2018-40A(g)(h)		3M SOFR + 3.36%			08/15/2031		501,144
		Dryden 45 Senior Loan Fund
	1,250,000	Series 2018-45A(g)(h)		3M CME TERM SOFR + 6.11%			10/15/2030		1,169,606
		Fannie Mae-Aces
	22,702,739	Series 2019-M12(h)(m)		0.68	%		06/25/2029		345,299
	14,042,711	Series 2019-M24(h)(m)		1.15	%		03/25/2031		735,817
	35,746,732	Series 2019-M7(h)(m)		0.35	%		04/25/2029		468,690
	27,486,239	Series 2020-M10(h)(m)		0.82	%		12/25/2027		359,226
	47,364,863	Series 2020-M10(h)(m)		0.87	%		07/25/2032		1,967,982
	13,189,947	Series 2020-M13(h)(m)		1.30	%		09/25/2030		537,362
	348,413,818	Series 2021-M17(h)(m)		0.16	%		07/25/2031		1,470,794
		FirstKey Homes
	1,100,000	Series 2020-SFR1(g)		4.28	%		08/19/2037		1,064,080
	2,673,354	Series 2022-SFR1(g)		4.15	%		05/17/2027		2,578,499
		FMC GMSR Issuer Trust
	6,000,000	Series 2021-GT1(g)(h)		4.36	%		07/25/2026		5,225,377
	5,000,000	Series 2021-GT2(g)(h)		4.44	%		10/25/2026		4,346,479
	42,927,128	FNA 2021-M23 X1					11/01/2031		789,164
		FREMF Mortgage Trust
	890,367	Series 2015-KF07(g)(h)		30D US SOFR + 5.06%			02/25/2025		885,880
	887,222	Series 2016-KF25(g)(h)		30D US SOFR + 5.11%			05/25/2024		885,662
	752,051	Series 2018-KF56(g)(h)		30D US SOFR + 5.91%			11/25/2028		661,262
	1,497,062	Series 2019-KF71(g)(h)		30D US SOFR + 6.11%			10/25/2029		1,440,059
		FRTKL
	4,050,000	Series 2021-SFR1(g)		4.11	%		09/17/2026		3,632,508
		Ginnie Mae Strip
	7,027,195	Series 2020-3(m)		1.40	%		09/16/2045		506,338
		Great Wolf Trust
	820,000	Series 2024-WOLF(g)(h)		1M CME TERM SOFR + 3.64%			03/15/2029		824,303
		Greystone CRE Notes, Ltd.
	950,000	Series 2021-FL3(g)(h)		1M CME TERM SOFR + 2.31%			07/15/2039		922,514
		GS Mortgage Securities Corp. Trust
	1,000,000	Series 2018-RIVR(g)(h)		1M SOFR + 1.85%			07/15/2035		17,587
	1,111,000	Series 2021-ARDN(g)(h)		1M SOFR + 6.05%			11/15/2026		1,095,916
		GS Mortgage Securities Trust
	232,468	Series 2011-GC5(g)(h)(m)		1.95	%		08/10/2044		2
	2,417,000	Series 2014-GC26(g)(h)		4.51	%		11/10/2047		1,485,750
	1,110,000	Series 2015-GC28(g)(h)		4.45	%		02/10/2048		1,020,107
	6,734,890	Series 2015-GS1(h)(m)		0.77	%		11/10/2025		51,804

Principal Amount/Description			Rate			Maturity		Value
$	828,000	Series 2018-GS10(h)		4.51	%		07/10/2028	$	726,379
	1,954,000	Series 2018-TWR(g)(h)		1M US L + 3.92%			07/15/2031		41,034
	636,000	Series 2020-GC45(h)		3.41	%		12/13/2029		541,289
		GSAA Home Equity Trust
	1,827,317	Series 2006-13(h)		6.04	%		07/25/2036		541,074
	439,274	Series 2006-18(n)		6.18	%		11/25/2036		105,639
	136,074	Series 2006-6(h)		5.69	%		03/25/2036		37,502
	791,519	Series 2007-2(n)		6.60	%		03/25/2037		178,947
		GSCG Trust
	675,000	Series 2019-600C(g)(h)		3.99	%		09/06/2024		3,372
		Hardee's Funding LLC
	942,500	Series 2018-1A(g)		5.71	%		06/20/2028		900,991
		HGI CRE CLO, Ltd.
	1,000,000	Series 2021-FL1(g)(h)		1M CME TERM SOFR + 2.46%			06/16/2036		949,796
		Highbridge Loan Management 4-2014, Ltd.
	500,000	Series 2018-2014(g)(h)		3M SOFR + 5.81%			01/28/2030		501,438
		Hilton USA Trust
	900,000	Series 2016-SFP(g)		2.83	%		11/05/2035		785,109
		HSI Asset Securitization Corp. Trust
	5,440,114	Series 2006-HE1(h)		1M SOFR + 0.39%			10/25/2036		1,702,803
	1,184,872	Series 2007-NC1(h)		1M SOFR + 0.29%			04/25/2037		788,488
		HTL Commercial Mortgage Trust
	300,000	Series 2024-T53(g)(h)		6.07	%		05/10/2027		299,729
		ITE Rail Fund Levered LP
	662,057	Series 2021-3A(g)		2.21	%		06/28/2027		601,059
		J.P. Morgan Chase Commercial Mortgage Securities Trust
	2,092,000	Series 2018-AON(g)(h)		4.61	%		07/05/2031		618,708
	763,684	Series 2019-MFP(g)(h)		1M CME TERM SOFR + 1.71%			07/15/2021		758,134
		JP Morgan BB Commercial Mortgage Securities Trust
	2,086,000	Series 2014-C23(g)(h)		3.36	%		11/18/2048		1,613,147
	3,744,808	Series 2015-C28(h)(m)		1.05	%		03/15/2025		11,455
	7,023,530	Series 2015-C30(h)(m)		0.56	%		07/15/2025		21,586
	2,648,397	Series 2015-C31(h)(m)		0.96	%		08/15/2025		17,544
		JP Morgan Chase Commercial Mortgage Securities Trust
	235,000	Series 2019-UES(g)		4.34	%		05/05/2032		219,822
	1,135,000	Series 2019-UES(g)(h)		4.45	%		05/05/2032		1,065,276
		JP Morgan Mortgage Acquisition Corp.
	166,120	Series 2006-CH2(n)		5.46	%		09/25/2029		99,259
		JP Morgan Mortgage Acquisition Trust
	3,307,265	Series 2006-RM1(h)		1M SOFR + 0.59%			08/25/2036		1,437,547
		JPMBB Commercial Mortgage Securities Trust
	14,749,688	Series 2014-C24(h)(m)		0.95	%		09/17/2047		5,192
		JPMCC Commercial Mortgage Securities Trust
	486,000	Series 2017-JP7(h)		3.77	%		07/15/2027		413,148
		Kestrel Aircraft Funding, Ltd.
	281,151	Series 2018-1A(g)		4.25	%		10/15/2025		265,128
		Laurel Road Prime Student Loan Trust
	13,244,210	Series 2020-A(g)		0.00	%		11/25/2050		1,174,232

Principal Amount/Description			Rate			Maturity		Value
		LCM 28, Ltd.
$	1,000,000	Series 2018-28A(g)(h)		3M SOFR + 6.01%			10/20/2030	$	877,964
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A(g)(h)		3M SOFR + 5.86%			07/16/2031		416,841
		LCM XIV LP
	1,000,000	Series 2018-14A(g)(h)		3M SOFR + 3.01%			07/20/2031		980,068
	750,000	Series 2018-14A(g)(h)		3M SOFR + 5.76%			07/20/2031		607,844
		LCM XVII LP
	1,000,000	Series 2018-17A(g)(h)		3M SOFR + 6.26%			10/15/2031		813,406
		LoanCore Issuer, Ltd.
	625,000	Series 2021-CRE5(g)(h)		1M CME TERM SOFR + 2.46%			07/15/2036		603,409
		LSTAR Commercial Mortgage Trust
	1,150,000	Series 2017-5(g)(h)		4.82	%		03/10/2027		900,099
		MACH 1 Cayman, Ltd.
	806,257	Series 2019-1(g)		3.47	%		08/15/2026		736,049
		Madison Park Funding XLV, Ltd.
	600,000	Series 2021-45A(g)(h)		3M SOFR + 6.61%			07/15/2034		605,338
		Madison Park Funding XXXVIII, Ltd.
	1,000,000	Series 2021-38A(g)(h)		3M SOFR + 6.26%			07/17/2034		1,009,246
		Master Asset Backed Securities Trust
	3,811,885	Series 2006-NC3(h)		1M US L + 0.21%			10/25/2036		1,885,374
		Med Trust
	1,174,364	Series 2021-MDLN(g)(h)		1M CME TERM SOFR + 1.91%			11/15/2023		1,175,226
		Merrill Lynch Mortgage Investors Trust
	9,798,540	Series 2006-RM3(h)		1M SOFR + 0.59%			06/25/2037		2,099,496
		MetroNet Infrastructure Issuer LLC
	1,000,000	Series 2023-1A(g)		8.01	%		02/20/2028		1,017,789
	300,000	MF1 2024-FL15 A					08/19/2041		299,250
		MF1 LLC
	300,000	Series 2023-FL12(g)(h)		1M CME TERM SOFR + 3.18%			09/19/2028		301,714
	1,000,000	Series 2023-FL12(g)(h)		1M CME TERM SOFR + 3.78%			10/19/2028		1,007,130
	300,000	Series 2024-FL14(g)(h)		1M CME TERM SOFR + 2.24%			03/19/2039		299,860
		MF1 Multifamily Housing Mortgage Loan Trust
	1,000,000	Series 2024-FL15(g)(h)		1M CME TERM SOFR + 4.04%			08/18/2041		997,500
		MF1, Ltd.
	300,000	Series 2021-FL7(g)(h)		1M CME TERM SOFR + 1.86%			10/16/2036		291,024
		MFT Trust
	2,010,000	Series 2020-ABC(g)(h)		3.48	%		02/10/2030		846,585
		Morgan Stanley Bank of America Merrill Lynch Trust
	822,000	Series 2015-C21(h)		4.26	%		02/15/2025		706,728
		Morgan Stanley Capital I Trust
	1,052,483	Series 2016-UB11 XA(h)(m)		1.57	%		08/15/2026		24,408
	765,000	Series 2018-H4(g)		3.00	%		12/15/2028		594,004
	1,117,000	Series 2018-L1(h)		4.94	%		10/15/2028		1,019,063
	750,000	Series 2019-H7		4.13	%		07/15/2029		656,286
	826,000	Series 2021-L6(h)		3.58	%		07/15/2031		639,725

Principal Amount/Description			Rate			Maturity		Value
$	10,249,000	Series 2021-L7(g)(h)(m)		1.04	%		10/15/2031	$	566,421
		Morgan Stanley Mortgage Loan Trust
	323,567	Series 2007-3XS(n)		6.20	%		01/25/2047		115,166
		Mosaic Solar Loan Trust
	48,388	Series 2017-1A(g)		4.45	%		06/20/2042		46,393
	214,059	Series 2018-1A(g)		4.01	%		08/20/2030		197,328
	334,709	Series 2020-2A(g)		3.00	%		06/20/2025		308,866
		MVW 2021-1W LLC
	381,471	Series 2021-1WA(g)		1.94	%		01/22/2041		354,022
	442,506	Series 2021-1WA(g)		3.17	%		01/22/2041		407,642
		Navient Private Education Refi Loan Trust
	376,463	Series 2018-A(g)		3.68	%		11/17/2025		359,236
		NJ Trust
	275,000	Series 2023-GSP(g)(h)		6.70	%		01/06/2029		283,872
		Octagon Investment Partners 20-R, Ltd.
	1,500,000	Series 2019-4A(g)(h)		3M SOFR + 7.06%			05/12/2031		1,483,308
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A(g)(h)		3M SOFR + 8.35%			07/15/2030		751,183
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A(g)(h)		3M US L + 2.85%			07/25/2030		497,044
		Octagon Investment Partners 40, Ltd.
	500,000	Series 2021-1A(g)(h)		3M SOFR + 7.26%			01/20/2035		483,349
		Octagon Investment Partners 42, Ltd.
	1,000,000	Series 2021-3A(g)(h)		3M SOFR + 7.01%			07/15/2034		994,433
		Octagon Investment Partners 46, Ltd.
	1,000,000	Series 2021-2A(g)(h)		3M SOFR + 6.86%			07/15/2036		917,373
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A(g)(h)		3M US L + 3.00%			07/17/2030		496,505
	1,000,000	Series 2018-1A(g)(h)		3M US L + 5.75%			07/17/2030		942,332
		Octagon Investment Partners XXI, Ltd.
	1,000,000	Series 2019-1A(g)(h)		3M SOFR + 7.26%			02/14/2031		994,262
		Octagon Investment Partners XXII, Ltd.
	500,000	Series 2018-1A(g)(h)		3M SOFR + 5.71%			01/22/2030		489,539
		OHA Credit Funding 3, Ltd.
	2,000,000	Series 2021-3A(g)(h)		3M SOFR + 6.51%			07/02/2035		2,011,195
		OHA Credit Funding 5, Ltd.
	2,000,000	Series 2020-5A(g)(h)		3M SOFR + 6.51%			04/18/2033		2,017,429
		Pagaya AI Debt Selection Trust
	155,818	Series 2021-2(g)		3.00	%		01/25/2029		152,335
	2,000,000	Series 2021-5(g)		0.00	%		08/15/2029		105,336
		Pagaya AI Debt Trust
	1,249,989	Series 2023-5(g)		9.10	%		04/15/2031		1,281,738
		PAGAYA AI Debt Trust
	346,228	Series 2022-2(g)(h)		5.80	%		01/15/2030		345,719
		People's Choice Home Loan Securities Trust
	5,000,000	Series 2005-4(h)		1M US L + 0.65%			12/25/2035		3,223,976
		Progress Residential
	2,500,000	Series 2021-SFR3(g)		4.75	%		05/17/2026		2,310,055

Principal Amount/Description			Rate			Maturity		Value
		Progress Residential
$	6,900,000	Series 2021-SFR8(g)		4.01	%		10/17/2026	$	6,179,965
	5,000,000	Series 2024-SFR2(g)(h)		3.65	%		04/17/2029		4,293,130
		Ready Capital Mortgage Financing LLC
	1,000,000	Series 2022-FL10(g)(h)		1M CME TERM SOFR + 4.27%			07/25/2027		992,212
	900,000	Series 2023-FL12(g)(h)		1M CME TERM SOFR + 4.55%			04/25/2027		898,690
		Retained Vantage Data Centers Issuer LLC
	2,500,000	Series 2023-1A(g)		5.75	%		09/15/2028		2,379,957
		RR 2, Ltd.
	1,000,000	Series 2021-2A(g)(h)		3M SOFR + 6.06%			04/15/2036		1,005,865
		RR 6, Ltd.
	1,000,000	Series 2021-6A(g)(h)		3M SOFR + 6.11%			04/15/2036		970,697
		Sapphire Aviation Finance I, Ltd.
	1,075,204	Series 2018-1A(g)		5.93	%		03/15/2025		889,256
		Sapphire Aviation Finance II, Ltd.
	306,654	Series 2020-1A(g)		3.23	%		03/15/2027		282,081
		Signal Rail I LLC
	446,267	Series 2021-1(g)		2.23	%		08/17/2028		393,289
		SLG Office Trust
	860,000	Series 2021-OVA(g)		2.85	%		07/15/2031		650,401
		SMB Private Education Loan Trust
	128,241	Series 2018-B(g)(h)		1M SOFR + 0.83%			08/15/2027		127,819
	968	Series 2021-A(g)		0.00	%		01/15/2053		2,024,247
		Sofi Alternative Consumer Loan Program
	50,000	Series 2021-2(g)		0.00	%		08/15/2030		317,618
		Sofi Professional Loan Program Trust
	80,000	Series 2018-C(g)		0.00	%		01/25/2048		622,009
		Sofi Professional Loan Program, LLC
	32,412	Series 2018-A(g)		0.00	%		02/25/2042		305,382
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D(g)		3.61	%		09/25/2040		273,801
		Sprite, Ltd.
	315,065	Series 2021-1(g)		3.75	%		10/15/2028		296,200
		Start, Ltd.
	429,455	Series 2018-1(g)		4.09	%		05/15/2025		408,362
		Subway Funding LLC
	250,000	Series 2024-1A(g)		6.51	%		07/30/2034		255,395
		Sunnova Helios VII Issuer LLC
	1,045,205	Series 2021-C(g)		2.63	%		10/20/2028		638,762
		Sunnova Sol III Issuer LLC
	1,238,516	Series 2021-1(g)		2.58	%		04/30/2031		1,020,045
		Sunnova Sol Issuer LLC
	869,080	Series 2020-1A(g)		3.35	%		01/30/2030		746,352
		Switch ABS Issuer LLC
	1,000,000	Series 2024-2A(g)		5.44	%		06/25/2029		971,601
	1,000,000	Series 2024-2A(g)		10.03	%		06/25/2029		1,005,662
		Thunderbolt Aircraft Lease, Ltd.
	259,680	Series 2017-A(g)(n)		6.21	%		04/15/2024		258,507
		Thunderbolt II Aircraft Lease, Ltd.
	4,464,286	Series 2018-A(g)(n)		5.07	%		09/15/2038		3,172,933

Principal Amount/Description			Rate			Maturity		Value
		TIF Funding II LLC
$	291,250	Series 2021-1A(g)		1.65	%		02/20/2046	$	253,481
		Tricon Residential
	3,700,000	Series 2021-SFR1(g)		4.13	%		07/17/2026		3,377,097
		Trimaran Cavu 2019-1, Ltd.
	1,700,000	Series 2019-1A(g)(h)		3M SOFR + 4.41%			07/20/2032		1,709,970
		TRTX Issuer, Ltd.
	301,321	Series 2021-FL4(g)(h)		1M SOFR + 1.31%			03/15/2038		298,823
		UBS Commercial Mortgage Trust
	31,908,500	Series 2017-C3(h)(m)		0.54	%		08/15/2050		423,582
	650,000	Series 2017-C4(h)		4.24	%		09/15/2027		594,686
	1,099,000	Series 2018-C8(h)		4.84	%		02/15/2028		940,116
	928,000	Series 2018-C9(h)		5.11	%		03/15/2028		696,732
		UBS-Barclays Commercial Mortgage Trust
	1,618,000	Series 2013-C5(g)(h)		4.08	%		03/12/2046		1,218,298
		Upstart Pass-Through Trust
	51,423	Series 2021-ST1(g)		2.75	%		02/20/2027		51,289
	116,647	Series 2021-ST2(g)		2.50	%		04/20/2027		115,265
		Upstart Securitization Trust
	2,000	Series 2021-2		0.00	%		06/20/2031		151,782
		US Auto Funding 2021-1
	711,357	Series 2021-1A(g)		2.20	%		05/15/2026		659,417
		Vault DI Issuer LLC
	750,000	Series 2021-1A(g)		2.80	%		07/15/2026		668,937
		Velocity Commercial Capital Loan Trust
	192,627	Series 2018-2(g)(h)		4.05	%		09/25/2024		183,874
	432,217	Series 2019-1(g)(h)		3.94	%		01/25/2027		388,378
	214,242	Series 2019-1(g)(h)		4.01	%		07/25/2027		188,319
	168,623	Series 2019-1(g)(h)		4.12	%		11/25/2027		145,192
	1,315,113	Series 2021-2(g)(h)		4.92	%		12/25/2030		939,972
		VOLT XCVI LLC
	4,081,086	Series 2021-NPL5(g)(n)		4.83	%		03/27/2051		3,795,724
		Wachovia Bank Commercial Mortgage Trust
	822	Series 2006-C29(h)(m)		0.49	%		11/15/2048		3
		WAVE LLC
	1,230,256	Series 2019-1(g)		7.00	%		09/15/2044		434,384
		WB Commercial Mortgage Trust
	294,000	Series 2024-HQ(g)(h)		6.13	%		03/15/2028		294,838
		Wells Fargo Commercial Mortgage Trust
	1,245,000	Series 2015-NXS4(h)		3.83	%		11/15/2025		1,118,956
	1,000,000	Series 2016-C33(g)		3.12	%		03/15/2059		826,722
	5,628,945	Series 2016-C37(g)(h)(m)		1.60	%		12/15/2049		178,163
	1,100,000	Series 2018-C45		4.73	%		06/15/2028		1,028,803
	134,000	Series 2020-C55		3.14	%		02/15/2030		111,051
	830,000	Series 2021-C61		3.31	%		07/15/2031		633,486
		WFRBS Commercial Mortgage Trust
	176,642	Series 2013-C14		3.49	%		06/15/2046		169,332
		WF-RBS Commercial Mortgage Trust
	1,062,627	Series 2014-C21(h)(m)		0.98	%		08/15/2047		65
	2,398,288	Series 2014-C22(h)(m)		0.87	%		09/15/2057		900
		Willis Engine Structured Trust V
	771,147	Series 2020-A(g)		3.23	%		03/15/2028		704,528

Principal Amount/Description			Rate			Maturity		Value
		Willis Engine Structured Trust VI
$	1,793,476	Series 2021-A(g)		7.39	%		05/15/2046	$	1,722,580
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $262,846,538)									211,666,669
U.S. GOVERNMENT BONDS AND NOTES - 16.16%
	5,000,000	U.S. Treasury Bill(l)		0.00	%		10/01/2024		4,933,492
	6,350,000	U.S. Treasury Bonds		0.63	%		05/15/2030		5,134,322
	25,850,000	U.S. Treasury Bonds		0.88	%		11/15/2030		20,914,770
	34,300,000	U.S. Treasury Bonds		1.13	%		05/15/2040		21,119,957
	21,100,000	U.S. Treasury Bonds		1.13	%		08/15/2040		12,855,340
	11,400,000	U.S. Treasury Bonds		1.88	%		02/15/2041		7,804,770
	42,350,000	U.S. Treasury Bonds		1.75	%		08/15/2041		27,996,493
	27,400,000	U.S. Treasury Bonds		1.25	%		05/15/2050		13,585,477
	29,200,000	U.S. Treasury Bonds		1.38	%		08/15/2050		14,948,461
	16,400,000	U.S. Treasury Bonds		1.88	%		02/15/2051		9,580,547
	48,000,000	U.S. Treasury Notes		0.75	%		03/31/2026		44,770,312
	2,800,000	U.S. Treasury Notes		0.75	%		01/31/2028		2,458,859
	11,950,000	U.S. Treasury Notes		0.63	%		08/15/2030		9,579,606
TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $195,042,013)									195,682,406
MORTGAGE-BACKED SECURITIES - 3.08%
		Fannie Mae Pool
	2,878,689	Series 2021-		2.50	%		08/01/2051		2,395,355
	2,527,873	Series 2023-		2.50	%		03/01/2052		2,098,608
	2,446,614	Series 2023-		2.50	%		04/01/2052		2,024,853
	1,348,182	Series 2023-		6.00	%		05/01/2053		1,360,247
	2,067,604	Series 2023-		6.00	%		10/01/2053		2,087,323
	1,454,000	Series 2024-		6.00	%		06/01/2054		1,465,170
		Freddie Mac Pool
	1,579,081	Series 2021-		2.00	%		05/01/2051		1,244,560
	2,244,974	Series 2022-		4.50	%		09/01/2052		2,118,796
	933,388	Series 2023-		2.00	%		02/01/2052		744,651
	1,451,568	Series 2023-		5.50	%		04/01/2053		1,453,950
	1,536,086	Series 2023-		5.00	%		05/01/2053		1,495,368
	2,077,218	Series 2023-		5.00	%		06/01/2053		2,033,692
	1,900,133	Series 2023-		5.00	%		07/01/2053		1,853,010
	3,529,211	Series 2023-		5.50	%		08/01/2053		3,504,333
	1,394,041	Series 2023-		6.00	%		11/01/2053		1,417,473
	2,143,443	Series 2024-		5.50	%		02/01/2054		2,141,452
	986,595	Series 2024-		6.00	%		04/01/2054		995,731
		Ginnie Mae I Pool
	2,900,138	Series 2012-		3.50	%		09/15/2042		2,658,119
		Ginnie Mae II Pool
	2,649,876	Series 2021-		3.00	%		11/20/2051		2,296,814
	2,160,123	Series 2022-		3.00	%		04/20/2052		1,872,251
TOTAL MORTGAGE-BACKED SECURITIES
(Cost $37,502,648)									37,261,756
U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 15.55%
		Alternative Loan Trust
	120,598	Series 2005-20CB		5.50	%		07/25/2035		94,591
	57,341	Series 2005-54CB		5.50	%		11/25/2035		31,410
	576,867	Series 2005-85CB(h)		1M US L + 1.10%			02/25/2036		449,072
	121,825	Series 2005-85CB(h)		21.63% - 3.67 x 1M US L			02/25/2036		88,007

Principal Amount/Description			Rate			Maturity		Value
$	174,806	Series 2005-86CB		5.50	%		02/25/2036	$	102,192
	128,546	Series 2005-9CB(h)		1M US L + 0.50%			05/25/2035		110,904
	228,297	Series 2005-9CB(h)(m)		5.05% - 1M US L			05/25/2035		4,672
	1,013,933	Series 2006-15CB		6.50	%		06/25/2036		461,368
	97,516	Series 2006-30T1		6.25	%		11/25/2036		71,807
	93,047	Series 2006-32CB		5.50	%		11/25/2036		50,473
	220,312	Series 2006-36T2(h)		28.06% - 4.60 x 1M US L			12/25/2036		133,807
	800,808	Series 2007-19		6.00	%		08/25/2037		382,766
	2,653,982	Series 2007-20		6.25	%		08/25/2047		1,362,201
	746,003	Series 2007-23CB(h)		1M US L + 0.50%			09/25/2037		285,469
	712,309	Series 2007-23CB(h)(m)		6.39% - 1M SOFR			09/25/2037		88,879
		American Home Mortgage Investment Trust
	157,985	Series 2007-A(g)(n)		6.60	%		01/25/2037		24,318
		Banc of America Funding
	1,499,898	Series 2014-R8(g)(h)		1M SOFR + 0.35%			12/26/2024		1,192,747
		Banc of America Funding Trust
	26,528	Series 2006-2		5.50	%		03/25/2036		25,129
		BCAP, LLC Trust
	94,813	Series 2007-AA2(h)		7.50	%		04/25/2037		50,057
	61,515	Series 2007-AA2		6.00	%		04/25/2037		26,976
	4,614,334	Series 2010-RR6(g)(h)		5.83	%		07/26/2036		2,141,566
		Bear Stearns ALT-A Trust
	718,299	Series 2006-6(h)		4.27	%		11/25/2036		323,819
		Bear Stearns Asset-Backed Securities Trust
	1,114,861	Series 2006-AC1(n)		6.25	%		02/25/2036		519,219
		Bear Stearns Structured Products, Inc.
	7,039,409	Series 2008-R2(g)(h)		4.37	%		06/25/2047		5,618,417
		Chase Mortgage Finance Trust
	3,105,864	Series 2007-S2		6.00	%		03/25/2037		1,663,642
	333,440	Series 2007-S3		5.50	%		05/25/2037		4
	4,292,406	Series 2007-S4		6.00	%		06/25/2037		1,764,412
		ChaseFlex Trust Series
	3,165,345	Series 2007-M1(h)		1M SOFR + 0.34%			08/25/2037		2,355,892
		Citicorp Mortgage Securities Trust
	286,341	Series 2007-1		6.00	%		01/25/2037		251,643
		Citigroup Mortgage Loan Trust
	69,310	Series 2009-12(g)		5.50	%		11/25/2035		55,689
	171,435	Series 2009-4(g)(h)		5.48	%		05/25/2035		158,943
		CitiMortgage Alternative Loan Trust
	288,091	Series 2007-A1		6.00	%		01/25/2037		245,808
	56,747	Series 2007-A1(h)(m)		5.40% - 1M US L			01/25/2037		2,675
	41,887	Series 2007-A3(h)		6.00	%		03/25/2037		34,975
	96,396	Series 2007-A3(h)(m)		5.40% - 1M US L			03/25/2037		4,500
	292,238	Series 2007-A6		5.50	%		06/25/2037		233,749
		Connecticut Avenue Securities Trust
	3,512,963	Series 2019-R05(g)(h)		30D US SOFR + 4.21%			07/25/2039		3,683,535
	4,250,000	Series 2022-R02(g)(h)		30D US SOFR + 7.65%			01/25/2027		4,648,295
	3,685,000	Series 2022-R03(g)(h)		30D US SOFR + 9.85%			03/25/2042		4,229,172
	4,125,000	Series 2023-R06(g)(h)		30D US SOFR + 3.90%			07/25/2043		4,421,484

Principal Amount/Description			Rate			Maturity		Value
$	1,414,852	Series 2024-R03(g)(h)		30D US SOFR + 1.15%			03/25/2044	$	1,417,949
	5,000,000	Series 2024-R03(g)(h)		30D US SOFR + 2.80%			03/25/2044		5,090,625
		Countrywide Home Loan Mortgage Pass-Through Trust
	1,079,623	Series 2005-HYB7(h)		4.27	%		11/20/2035		951,110
	20,159	Series 2005-J4		5.50	%		11/25/2035		16,138
	1,151,732	Series 2006-18		6.00	%		12/25/2036		626,769
	132,221	Series 2007-17		6.00	%		10/25/2037		90,393
	199,333	Series 2007-3		6.00	%		04/25/2037		94,850
	219,748	Series 2007-7		5.75	%		06/25/2037		104,502
		Credit Suisse First Boston Mortgage Securities Corp.
	39,196	Series 2005-10		5.50	%		11/25/2035		28,227
	22,991	Series 2005-8		5.50	%		08/25/2025		16,994
	4,004,198	Series 2005-9		6.00	%		10/25/2035		1,162,815
		Credit Suisse Mortgage Capital Certificates
	1,718,753	Series 2006-2		5.75	%		03/25/2036		897,143
		CSMC
	900,000	Series 2021-NQM6(g)(h)		2.58	%		07/25/2066		601,365
		CSMC Mortgage-Backed Trust
	143,575	Series 2006-1		6.00	%		02/25/2036		42,996
	13,043	Series 2006-4		5.50	%		03/25/2038		7,023
	786,365	Series 2006-5		6.25	%		06/25/2036		124,652
	57,688	Series 2006-9		6.00	%		11/25/2036		33,561
	3,781	Series 2007-2		5.00	%		03/25/2037		2,786
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	171,016	Series 2005-6(h)(m)		5.08% - 1M US L			12/25/2035		6,454
	74,402	Series 2005-6(h)		1M US L + 1.40%			12/25/2035		56,954
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	90,734	Series 2006-PR1(g)(h)		12.12% - 1M US L			04/15/2036		76,763
		Fannie Mae Interest Strip
	5,561,797	Series 2014-419(m)		3.50	%		04/25/2044		815,364
		Fannie Mae Pool
	3,790,531	Series 2021-		3.00	%		10/01/2046		3,315,056
	1,859,034	Series 2021-		3.00	%		12/01/2048		1,616,133
	3,146,338	Series 2022-		3.50	%		11/01/2050		2,821,673
	1,496,582	Series 2022-		5.00	%		07/01/2052		1,450,558
	3,000,000	Series Pool #BL4424		2.14	%		10/01/2029		2,655,052
	3,000,000	Series Pool #BL5156		2.37	%		12/01/2029		2,660,939
		Fannie Mae REMICS
	4,692,371	Series 2014-1(h)(m)		5.79% - 30D US SOFR			02/25/2044		439,863
	5,251,297	Series 2015-54(h)(m)		6.04% - 30D US SOFR			07/25/2045		601,140
	8,613,922	Series 2020-74(h)(m)		4.10% - 30D US SOFR			10/25/2050		332,873
	17,827,665	Series 2020-77(h)(m)		4.10% - 30D SOFR			11/25/2050		620,490
	2,103,383	Series 2021-48(h)(m)		3.65% - 30D US SOFR			08/25/2051		47,767
	14,072,005	Series 2021-56(m)		2.50	%		09/25/2051		1,858,020
		Federal Home Loan Mortgage Corp. Pool
	97,578	Series Pool #G01840		5.00	%		07/01/2035		96,416
	37,806	Series Pool #G04817		5.00	%		09/01/2038		37,452

Principal Amount/Description			Rate		Maturity		Value
		Federal Home Loan Mortgage Corp. REMICS
$	517,910	Series 2003-2722(h)	9.89% - 1M US L			12/15/2033	$	514,340
	749,194	Series 2006-3244(h)(m)	6.66% - 1M US L			11/15/2036		62,303
	34,755	Series 2007-3261(h)(m)	6.43% - 1M US L			01/15/2037		2,708
	74,024	Series 2007-3262(h)(m)	6.40% - 1M US L			01/15/2037		3,762
	308,759	Series 2007-3301(h)(m)	6.10% - 1M US L			04/15/2037		20,846
	222,709	Series 2007-3303(h)(m)	6.10% - 1M US L			04/15/2037		16,349
	54,683	Series 2007-3382(h)(m)	6.00% - 1M US L			11/15/2037		2,989
	195,348	Series 2007-3384(h)(m)	6.31% - 1M US L			08/15/2036		14,187
	64,267	Series 2007-3384(h)(m)	6.39% - 1M US L			11/15/2037		3,309
	22,364	Series 2008-3417(h)(m)	6.18% - 1M US L			02/15/2038		1,403
	1,010,459	Series 2008-3423(h)(m)	6.00% - 1M US L			03/15/2038		2,861
	72,877	Series 2008-3423(h)(m)	5.65% - 1M US L			03/15/2038		3,654
	645,683	Series 2009-3510(h)(m)	6.75% - 1M US L			02/15/2037		46,162
	193,065	Series 2009-3523(h)(m)	6.00% - 1M US L			04/15/2039		12,198
	34,849	Series 2009-3524(h)(m)	3.41	%		06/15/2038		32,124
	3,116	Series 2009-3549(h)(m)	5.80% - 1M US L			07/15/2039		192
	332,330	Series 2009-3560(h)(m)	6.40% - 1M US L			11/15/2036		13,606
	129,264	Series 2010-3641	4.50	%		03/15/2040		126,610
	192,031	Series 2010-3726(h)(m)	6.05% - 1M US L			09/15/2040		15,317
	569,632	Series 2010-3728(h)(m)	4.45% - 1M US L			09/15/2040		13,580
	45,741	Series 2010-3779	4.00	%		12/15/2030		44,776
	225,519	Series 2010-3779	3.50	%		12/15/2030		217,694
	27,133	Series 2011-3786(h)	9.50% - 1M US L			01/15/2041		18,972
	144,612	Series 2011-3808	3.50	%		02/15/2031		139,498
	406,673	Series 2011-3815(h)(m)	5.85% - 1M US L			02/15/2041		26,074
	126,901	Series 2011-3824	3.50	%		03/15/2031		122,411
	204,027	Series 2011-3824(h)(m)	7.10% - 1M US L			08/15/2036		20,595
	225,553	Series 2011-3863	5.50	%		08/15/2034		229,440
	302,749	Series 2011-3864(h)	9.20% - 1M US L			05/15/2041		223,277
	226,778	Series 2011-3872(h)(m)	5.95% - 1M US L			06/15/2041		13,938
	972,800	Series 2011-3924(h)(m)	6.00% - 1M US L			09/15/2041		48,112
	1,370,274	Series 2012-3(h)(m)	5.95% - 1M US L			02/25/2042		114,459
	704,389	Series 2013-4170(h)	4.05% - 1M US L			01/15/2033		615,761
	2,097,207	Series 2013-4239(l)	0.00	%		07/15/2043		1,172,333
	3,707,383	Series 2015-4440	2.50	%		02/15/2045		3,192,306
		Federal National Mortgage Association Pool
	25,848	Series Pool #555743	5.00	%		09/01/2033		25,507
	31,155	Series Pool #735382	5.00	%		04/01/2035		30,743
	87,319	Series Pool #735383	5.00	%		04/01/2035		86,167
	55,542	Series Pool #735484	5.00	%		05/01/2035		54,809
	17,965	Series Pool #AH4437	4.00	%		01/01/2041		16,644
		Federal National Mortgage Association REMICS
	12,300	Series 2004-46(h)(m)	6.00% - 1M US L			03/25/2034		133
	112,150	Series 2006-101(h)(m)	6.47% - 30D US SOFR			10/25/2036		10,206
	324,208	Series 2006-123(h)(m)	6.32% - 1M US L			01/25/2037		28,981
	1,428,190	Series 2006-92(h)(m)	6.47% - 30D US SOFR			10/25/2036		135,730
	44,652	Series 2007-102(h)(m)	6.40% - 1M US L			11/25/2037		2,611
	36,464	Series 2007-108(h)(m)	6.36% - 1M US L			12/25/2037		2,062
	5,738	Series 2007-30(h)(m)	6.11% - 1M US L			04/25/2037		331
	214,196	Series 2007-38(h)(m)	6.08% - 1M US L			05/25/2037		8,951
	8,833	Series 2007-51(h)(m)	6.10% - 1M US L			06/25/2037		402
	24,885	Series 2007-53(h)(m)	6.10% - 1M US L			06/25/2037		1,276
	219,798	Series 2007-57(h)(m)	6.62% - 1M US L			10/25/2036		18,724
	46,259	Series 2007-68(h)(m)	6.65% - 1M US L			07/25/2037		3,215
	351,959	Series 2008-3(h)(m)	6.46% - 1M US L			02/25/2038		21,981

Principal Amount/Description			Rate		Maturity		Value
$	34,095	Series 2008-56(h)(m)	6.06% - 1M US L			07/25/2038	$	1,232
	9,734	Series 2008-81	5.50	%		09/25/2038		9,721
	100,948	Series 2009-111	5.00	%		01/25/2040		99,399
	50,034	Series 2009-111(h)(m)	6.25% - 1M US L			01/25/2040		4,552
	427,740	Series 2009-12(h)(m)	6.60% - 1M US L			03/25/2036		26,164
	12,288	Series 2009-28(h)(m)	6.00% - 1M US L			04/25/2037		579
	85,324	Series 2009-41	4.50	%		06/25/2039		82,694
	38,376	Series 2009-42(h)(m)	6.00% - 1M US L			06/25/2039		1,870
	69,540	Series 2009-47(h)(m)	6.10% - 1M US L			07/25/2039		3,722
	28,020	Series 2009-62(h)(m)	6.10% - 1M US L			08/25/2039		671
	30,158	Series 2009-66(h)(m)	5.80% - 1M US L			02/25/2038		1,790
	24,555	Series 2009-68(h)(m)	5.25% - 1M US L			09/25/2039		992
	66,398	Series 2010-11(h)(m)	4.80% - 1M US L			02/25/2040		3,123
	14,552	Series 2010-111(h)(m)	6.00% - 1M US L			10/25/2040		709
	63,046	Series 2010-115(h)(m)	6.60% - 1M US L			11/25/2039		4,969
	807,723	Series 2010-115(h)(m)	6.00% - 1M US L			10/25/2040		79,393
	1,907,173	Series 2010-123(h)(m)	6.05% - 1M US L			11/25/2040		186,820
	334,677	Series 2010-15(h)(m)	4.95% - 1M US L			03/25/2040		11,278
	20,544	Series 2010-34(h)(m)	4.93% - 1M US L			04/25/2040		539
	23,963	Series 2010-4(h)(m)	6.23% - 1M US L			02/25/2040		1,476
	33,619	Series 2010-58(h)	12.47% - 1M US L			06/25/2040		29,832
	1,107,323	Series 2010-75	4.50	%		07/25/2040		1,063,664
	16,145	Series 2010-9(h)(m)	5.30% - 1M US L			02/25/2040		710
	87,695	Series 2010-9(h)(m)	4.75% - 1M US L			02/25/2040		2,554
	4,802	Series 2010-90(h)(m)	6.00% - 1M US L			08/25/2040		326
	113,807	Series 2011-16	3.50	%		03/25/2031		109,664
	66,672	Series 2011-25	3.00	%		04/25/2026		65,332
	134,391	Series 2011-29	3.50	%		04/25/2031		129,480
	1,528,237	Series 2012-106(h)(m)	6.16% - 1M US L			10/25/2042		129,290
	262,964	Series 2012-124(h)	7.79% - 1M US L			11/25/2042		172,640
	98,019	Series 2012-29(h)(m)	6.00% - 1M US L			04/25/2042		6,821
	286,421	Series 2012-32(m)	5.00	%		04/25/2042		41,966
	1,467,596	Series 2012-65(h)(m)	5.98% - 1M US L			06/25/2042		133,754
	598,421	Series 2018-21(l)	0.00	%		04/25/2048		450,511
		First Horizon Alternative Mortgage Securities Trust
	456,015	Series 2005-FA6	5.50	%		09/25/2035		235,176
		First Horizon Mortgage Pass-Through Trust
	434,523	Series 2007-AR3(h)	4.84	%		11/25/2037		181,959
		Freddie Mac Pool
	3,575,512	Series 2021-	2.00	%		11/01/2050		2,864,892
	1,449,858	Series 2022-	3.00	%		03/01/2052		1,248,733
		Freddie Mac REMICS
	1,881,813	Series 2011-3972(h)(m)	5.79% - 30D US SOFR			12/15/2041		161,682
	2,019,381	Series 2020-5007(h)(m)	5.99% - 30D US SOFR			08/25/2050		217,600
	3,854,169	Series 2020-5041(m)	2.00	%		11/25/2050		464,202
	10,873,698	Series 2020-5057(m)	3.00	%		11/25/2050		1,656,792
	8,156,555	Series 2021-5070(m)	3.50	%		02/25/2051		1,394,184
		Freddie Mac STACR REMIC Trust
	4,300,000	Series 2020-DNA6(g)(h)	30D US SOFR + 5.65%			12/25/2050		4,894,399
	2,500,000	Series 2021-DNA1(g)(h)	30D US SOFR + 4.75%			01/25/2051		2,710,131
	2,750,000	Series 2021-HQA2(g)(h)	30D US SOFR + 3.15%			12/25/2033		3,057,866

Principal Amount/Description			Rate		Maturity		Value
		Freddie Mac STACR REMIC Trust 2020-DNA2
$	3,000,000	Series 2021-DNA2(g)(h)	30D US SOFR + 6.00%			08/25/2033	$	3,523,889
		GCAT
	1,500,000	Series 2021-NQM4(g)(h)	2.47	%		08/25/2025		953,550
		Ginnie Mae II Pool
	4,667,206	Series 2021-	2.50	%		10/20/2051		3,909,331
	1,403,965	Series 2021-	2.50	%		11/20/2051		1,172,097
		Government National Mortgage Association
	22,803	Series 2004-83(h)(m)	6.08% - 1M US L			10/20/2034		996
	21,974	Series 2008-6(h)(m)	6.46% - 1M US L			02/20/2038		13
	21,062	Series 2008-67(h)(m)	6.00% - 1M US L			08/20/2038		7
	328,890	Series 2008-69(h)(m)	7.63% - 1M US L			08/20/2038		18,642
	33,360	Series 2009-10(h)(m)	6.65% - 1M US L			02/16/2039		2,492
	342,174	Series 2009-35	4.50	%		05/20/2039		330,239
	1,375,866	Series 2009-58(h)(m)	6.25% - 1M US L			06/20/2039		89,992
	23,427	Series 2009-6(h)(m)	5.95% - 1M US L			02/20/2038		7
	667,518	Series 2009-75	5.00	%		09/20/2039		654,770
	1,596,617	Series 2010-121(h)(m)	6.00% - 1M US L			09/20/2040		121,139
	24,289	Series 2010-61(h)(m)	6.44% - 1M SOFR			09/20/2039		1,126
	686,234	Series 2010-85(h)	1M SOFR + 0.67%			07/20/2040		681,152
	33,395	Series 2010-98(h)(m)	5.41	%		03/20/2039		1,209
	16,499,792	Series 2010-H20(h)(m)	1.43	%		10/20/2060		388,488
	218,350	Series 2011-69(l)	0.00	%		05/20/2041		167,757
	482,740	Series 2011-71(h)(m)	5.40% - 1M US L			05/20/2041		31,275
	139,654	Series 2011-72(h)(m)	6.15% - 1M US L			05/20/2041		9,454
	729,223	Series 2011-89(h)(m)	5.45% - 1M US L			06/20/2041		47,890
	1,309,915	Series 2013-113(h)(m)	6.25% - 1M US L			03/20/2043		33,139
	2,604,021	Series 2013-122(h)(m)	6.10% - 1M US L			08/16/2043		256,459
	1,954,130	Series 2013-148(h)(m)	5.68% - 1M US L			10/16/2043		137,934
	1,964,398	Series 2013-186(h)(m)	6.25% - 1M US L			02/16/2043		89,179
	1,618,055	Series 2014-156(h)(m)	6.25% - 1M US L			10/20/2044		155,000
	3,192,448	Series 2014-4(h)(m)	6.10% - 1M US L			01/16/2044		303,214
	4,031,780	Series 2014-41(h)(m)	5.99% - 1M SOFR			03/20/2044		389,851
	1,497,676	Series 2014-5(h)(m)	6.15% - 1M US L			07/20/2043		68,714
	2,576,904	Series 2014-95(h)(m)	6.25% - 1M US L			06/16/2044		186,093
	9,866,302	Series 2016-162(h)(m)	0.79	%		09/16/2058		352,055
	1,465,510	Series 2016-89(h)	1M SOFR + 0.56%			07/20/2046		1,439,861
	11,876,500	Series 2016-H21(h)(m)	0.74	%		09/20/2066		457,022
	4,361,252	Series 2018-97(h)(m)	6.09% - 1M SOFR			07/20/2048		453,583
	463,936	Series 2019-112(h)	1M SOFR + 0.51%			09/20/2049		454,545
	9,333,891	Series 2019-22(h)(m)	5.49% - 1M SOFR			02/20/2045		692,880
	1,318,957	Series 2019-90(h)	1M SOFR + 0.46%			07/20/2049		1,289,006
	4,205,744	Series 2019-92(h)(m)	5.99% - 1M SOFR			07/20/2049		414,967
	17,672,111	Series 2019-H10(h)(m)	0.43	%		06/20/2069		924,774
	4,575,348	Series 2019-H18(h)(m)	0.06	%		11/20/2069		280,832
	8,658,308	Series 2020-112(h)(m)	6.14% - 1M SOFR			08/20/2050		871,298
	12,087,268	Series 2020-146(h)(m)	6.19% - 1M SOFR			10/20/2050		1,528,578
	15,905,721	Series 2020-146(h)(m)	3.75% - 1M US L			10/20/2050		479,906
	11,262,791	Series 2020-167(h)(m)	3.75% - 1M US L			11/20/2050		221,752
	17,278,006	Series 2020-168(h)(m)	0.98	%		12/16/2062		1,234,232
	4,248,234	Series 2020-188(h)(m)	6.19% - 1M SOFR			11/20/2050		494,322
	18,229,209	Series 2020-191(m)	3.50	%		12/20/2050		3,424,311
	18,246,383	Series 2020-H18(h)(m)	0.33	%		09/20/2070		1,152,699
	9,471,083	Series 2021-1(h)(m)	6.19% - 1M SOFR			01/20/2051		1,199,584
	14,330,001	Series 2021-1(m)	2.50	%		01/20/2051		1,909,324
	9,510,042	Series 2021-107(h)(m)	3.75% - 1M US L			06/20/2051		298,002
	1,474,481	Series 2021-117(m)	3.50	%		06/20/2051		262,812
	12,380,811	Series 2021-160(m)	2.50	%		06/20/2051		1,241,858

Principal Amount/Description			Rate			Maturity		Value
$	1,700,175	Series 2021-197(m)		3.50	%		11/20/2051	$	307,730
	16,962,049	Series 2021-52(h)(m)		0.72	%		04/16/2063		912,112
	22,158,815	Series 2021-59(h)(m)		2.60% - 30D US SOFR			04/20/2051		271,756
	12,381,968	Series 2021-7(m)		2.50	%		01/20/2051		1,907,286
	12,412,812	Series 2021-76(m)		3.00	%		08/20/2050		1,935,469
	11,256,387	Series 2021-77(h)(m)		3.75% - 1M US L			05/20/2051		310,540
	14,643,244	Series 2021-77(m)		2.50	%		05/20/2051		1,474,774
	5,685,088	Series 2021-89(h)(m)		3.75% - 1M US L			05/20/2051		145,734
	8,828,218	Series 2021-97(h)(m)		3.75% - 1M US L			06/20/2051		176,326
	27,322,383	Series 2021-97(h)(m)		3M US L + 2.44%			06/20/2051		234,158
	12,721,266	Series 2021-H08(h)(m)		0.11	%		05/20/2071		365,357
	35,796,444	Series 2022-1(h)(m)		2.65% - 30D US SOFR			01/20/2052		273,778
	26,516,152	Series 2022-48(h)(m)		0.71	%		01/16/2064		1,553,502
	13,804,967	Series 2022-83(m)		2.50	%		11/20/2051		1,955,493
		GSR Mortgage Loan Trust
	888,289	Series 2006-2F		5.25	%		02/25/2036		341,611
	1,533,382	Series 2007-2F		6.00	%		03/25/2037		795,593
	672,738	Series 2007-AR2(h)		4.39	%		05/25/2037		371,383
		Impac CMB Trust
	76,157	Series 2004-10(h)		1M SOFR + 0.81%			03/25/2035		64,152
		Imperial Fund Mortgage Trust
	1,000,000	Series 2021-NQM4(g)(h)		3.45	%		01/25/2057		721,992
		IndyMac IMJA Mortgage Loan Trust
	947,480	Series 2007-A1		6.00	%		08/25/2037		360,335
		IndyMac IMSC Mortgage Loan Trust
	4,670,817	Series 2007-F2		6.50	%		07/25/2037		1,381,661
		JP Morgan Alternative Loan Trust
	150,304	Series 2005-S1		6.00	%		12/25/2035		98,719
	18,502	Series 2006-S3(n)		6.62	%		08/25/2036		17,459
		JP Morgan Mortgage Trust
	771,094	Series 2007-S3		6.00	%		07/25/2037		355,636
		JP Morgan Resecuritization Trust
	474,563	Series 2011-1(g)(h)		6.00	%		06/26/2037		369,763
	1,825,571	Series 2014-6(g)(h)		1M SOFR + 0.32%			07/27/2046		1,743,453
		Lehman Mortgage Trust
	370,179	Series 2006-6		5.50	%		10/25/2036		242,767
	3,847,269	Series 2006-7(h)		1M US L + 0.25%			11/25/2036		228,309
	3,847,277	Series 2006-7(h)(m)		7.75% - 1M US L			11/25/2036		235,866
	1,167,444	Series 2006-8(h)		1M US L + 0.42%			12/25/2036		250,031
	1,159,701	Series 2006-8(h)(m)		6.47% - 1M SOFR			12/25/2036		100,975
		LHOME Mortgage Trust
	1,500,000	Series 2021-RTL2(g)(n)		5.61	%		06/25/2026		1,484,097
		Merrill Lynch Alternative Note Asset Trust
	687,842	Series 2007-F1		6.00	%		03/25/2037		60,007
		Morgan Stanley Mortgage Loan Trust
	922,271	Series 2005-3AR(h)		5.50	%		07/25/2035		746,816
	2,141,836	Series 2006-11		6.00	%		08/25/2036		1,267,626
	2,430,705	Series 2006-1AR(h)		1M SOFR + 0.39%			02/25/2036		1,442,202
	575,016	Series 2006-7(h)		5.19	%		06/25/2036		318,473
	601,757	Series 2006-7		6.00	%		06/25/2036		276,399
		Morgan Stanley Residential Mortgage Loan Trust
	251,372	Series 2020-RPL1(g)(h)		5.69	%		10/25/2060		249,478

Principal Amount/Description			Rate			Maturity		Value
		Nomura Asset Acceptance Corp. Alternative Loan Trust
$	931,552	Series 2005-AP3(h)		5.32	%		08/25/2035	$	405,159
		PR Mortgage Loan Trust
	5,715,213	Series 2014-1(g)(h)		5.86	%		10/25/2049		5,283,578
		Prime Mortgage Trust
	40,683	Series 2006-DR1(g)		5.50	%		05/25/2035		36,828
		RBSGC Structured Trust
	97,434	Series 2008-B(g)		6.00	%		06/25/2037		80,729
		Residential Accredit Loans, Inc.
	3,151,918	Series 2006-QA5(h)		1M US L + 0.22%			07/25/2036		1,165,534
	1,083,354	Series 2006-QS10		6.50	%		08/25/2036		892,026
	280,631	Series 2006-QS6		6.00	%		06/25/2036		211,203
	674,336	Series 2006-QS7		6.00	%		06/25/2036		507,489
	35,451	Series 2006-QS7(h)		1M US L + 0.40%			06/25/2036		24,907
	106,353	Series 2006-QS7(h)(m)		5.60% - 1M US L			06/25/2036		5,210
	46,768	Series 2006-QS8(h)		1M US L + 0.45%			08/25/2036		33,960
	140,305	Series 2006-QS8(h)(m)		5.55% - 1M US L			08/25/2036		8,102
	4,467	Series 2007-QS6(h)		55.00% - 8.33 x 1M US L			04/25/2037		5,160
	409,108	Series 2007-QS9		6.50	%		07/25/2037		321,632
	214,282	Series 2008-QR1		6.00	%		08/25/2036		168,281
		Residential Asset Securitization Trust
	383,232	Series 2006-A1		6.00	%		04/25/2036		179,853
	862,217	Series 2006-A2		6.00	%		05/25/2036		344,939
	893,788	Series 2006-A6		6.50	%		07/25/2036		253,895
	243,132	Series 2006-A8		6.00	%		08/25/2036		131,884
	148,217	Series 2006-A8		6.50	%		08/25/2036		42,650
	313,437	Series 2006-A8(h)(m)		5.90% - 1M US L			08/25/2036		22,784
	1,330,623	Series 2007-A1		6.00	%		03/25/2037		404,661
	55,624	Series 2007-A6		6.00	%		06/25/2037		27,052
	2,535,081	Series 2007-A7		6.00	%		07/25/2037		937,776
		Residential Funding Mortgage Securities I Trust
	340,093	Series 2006-S3		5.50	%		03/25/2036		264,187
	70,613	Series 2006-S6		6.00	%		07/25/2036		58,418
	188,793	Series 2007-S3		6.00	%		03/25/2037		133,149
	105,958	Series 2007-S6		6.00	%		06/25/2037		77,794
		Residential Mortgage Loan Trust
	3,250,000	Series 2020-1(g)(h)		4.67	%		01/26/2060		2,713,218
		Sequoia Mortgage Trust
	863,880	Series 2007-3(h)		4.47	%		07/20/2037		624,433
		Structured Adjustable Rate Mortgage Loan Trust
	490,836	Series 2005-15(h)		4.74	%		07/25/2035		253,582
		Structured Asset Securities Corp.
	126,173	Series 2005-RF1(g)(h)		1M US L + 0.35%			03/25/2035		108,809
	126,173	Series 2005-RF1(g)(h)(m)		0.00	%		03/25/2035		1
		TBW Mortgage-Backed Trust
	1,391,146	Series 2006-2		7.00	%		07/25/2036		211,542
		Verus Securitization Trust
	2,300,000	Series 2019-INV3(g)(h)		3.28	%		11/25/2059		2,136,207
	1,500,000	Series 2021-4(g)(h)		2.20	%		07/25/2066		981,756
	1,400,000	Series 2021-6(g)(h)		4.05	%		10/25/2066		1,059,974
	2,000,000	Series 2021-7(g)(h)		4.19	%		10/25/2066		1,397,914
	7,706,000	Series 2022-4(g)(h)		4.78	%		04/25/2067		6,278,241
	1,465,147	Series 2023-3(g)(n)		6.44	%		03/25/2068		1,469,436
		Wachovia Mortgage Loan Trust, LLC Series Trust
	44,060	Series 2005-B(h)		6.24	%		10/20/2035		41,529

Principal Amount/Description			Rate			Maturity		Value
		Washington Mutual Alternative Mortgage Pass-Through Certificates
$	35,697	Series 2005-9		5.50	%		11/25/2035	$	27,032
	296,817	Series 2006-5		6.00	%		07/25/2036		209,593
		Washington Mutual Mortgage Pass-Through Certificates Trust
	461,358	Series 2006-2		6.00	%		03/25/2036		430,177
		Wells Fargo Alternative Loan Trust
	184,265	Series 2007-PA2(h)		1M US L + 0.43%			06/25/2037		149,419
	184,265	Series 2007-PA2(h)(m)		6.07% - 1M US L			06/25/2037		16,526
	101,908	Series 2007-PA3		5.75	%		07/25/2037		83,575
	218,461	Series 2007-PA3		6.25	%		07/25/2037		182,981
TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $275,297,401)									188,272,525

Shares/Description			Value
Short-Term Investments - 3.91%
Money Market Fund - 3.91%
	47,368,923	State Street Institutional Trust (7 Day Yield 5.24%)		47,368,923
TOTAL SHORT-TERM INVESTMENTS
(Cost $47,368,923)				47,368,923
TOTAL INVESTMENTS - 99.35%
(Cost $1,358,035,995)			$	1,202,893,735
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.04%				454,149
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.61%				7,442,395
NET ASSETS - 100.00%			$	1,210,790,279

Investment Abbreviations:

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

SOFR - Secured Overnight Financing Rate Data

TI - Treasury Index

Rates:

1M US L - 1 Month LIBOR as of June 30, 2024 was 5.45%

3M US L - 3 Month LIBOR as of June 30, 2024 was 5.59%

1D SOFR - 1 Day SOFR as of June 30, 2024 was 5.33%

30D SOFR - 30 Day SOFR as of June 30, 2024 was 5.34%

1Y US TI - 1 Year TI as of June 30, 2024 was 5.09%

5Y US TI - 5 Year TI as of June 30, 2024 was 4.33%

10Y US TI - 10 Year TI as of June 30, 2024 was 4.36%

(a)	Less than 0.005%.
(b)	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.

(c)	The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.
(d)	Non-income producing security.
(e)	Affiliated company. See Notes to Quarterly Schedule of Investments.
(f)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
(g)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. 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 $353,072,746, which represents approximately 29.16% of net assets as of June 30, 2024.

(h)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2024. 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.
(i)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, as amended, 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, as amended, 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, 2024, the aggregate fair value of those securities was $11,827,442, representing 0.98% of net assets.
(j)	Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.
(k)	Security is currently in default.
(l)	Issued with a zero coupon.  Income is recognized through the accretion of discount.
(m)	Interest only securities.
(n)	Step up bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at June 30, 2024.

See Notes to Quarterly Schedule of Investments.

Futures Contracts:
Description	Contracts	Expiration Date		Notional Value		Value and Unrealized Appreciation/(Depreciation)
10-Yr U.S. Treasury Note Futures	230	September 2024	$	26,112,188	$	565,901
2-Yr U.S. Treasury Note Futures	30	September 2024		6,126,562		25,297
U.S. T-Bond Futures	8	September 2024		946,500		29,402
			$	33,185,250	$	620,600

Futures Contracts Sold:
Description	Contracts (Short)		Expiration Date		Notional Value		Value and Unrealized Appreciation/(Depreciation)
U.S. Ultra T-Bond	(45	)	September 2024	$	5,640,469	$	(212,015	)
				$	5,640,469	$	(212,015	)

RiverNorth/Oaktree High Income Fund

SCHEDULE OF INVESTMENTS

June 30, 2024 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 5.02%
	56,446	First Trust High Yield Opportunities 2027 Term Fund	$	808,307
	337,948	Western Asset High Income Opportunity Fund, Inc.		1,287,582
	73,617	Western Asset Inflation-Linked Opportunities & Income Fund		626,480
TOTAL CLOSED-END FUNDS
(Cost $2,890,736)				2,722,369
COMMON STOCKS - 0.17%
	3,304	PHI Group, Inc.(a)		92,479
	6	Toys R Us Propco Equity(b)		33
TOTAL COMMON STOCKS
(Cost $65,834)				92,512

Principal Amount/Description			Rate	Maturity		Value
BANK LOANS - 13.11%(c)
Great Britain - 0.69%
$	244,375	City Football Group Limited, TL	1M SOFR + 3.00%		07/09/2028		244,337
	130,938	Osmosis Buyer, Ltd., First Lien  - Initial B Term Loan	3M US L + 2.75%, 0.50% Floor		06/17/2028		131,319
							375,656
Luxembourg - 0.45%
	241,839	Surf Holdings S.a r.l., First Lien  - Dollar Tranche Term Loan	1M SOFR + 3.50%		03/05/2027		242,406
United States - 11.97%
	36,396	Adtalem Global Education, Inc., First Lien	6M CME TERM + 3.50%, 0.75% Floor		08/14/2028		36,630
	48,705	Advantage Sales & Marketing, Inc., First Lien	6M CME TERM + 4.25%, 0.75% Floor		10/28/2027		47,563
	121,875	Allied Universal Holdco LLC, First Lien  - Initial U.S. Dollar Term Loan	1M US L + 3.75%, 0.50% Floor		05/15/2028		121,544
	55,020	Amentum Government Services Holdings, LLC, First Lien	1M SOFR + 4.00%		02/07/2029		55,329
	78,838	American Auto Auction Group, LLC, First Lien	3M SOFR + 5.00%		12/30/2027		78,897
	51,543	American Rock Salt Company LLC, First Lien  - Initial Term Loan	3M US L + 3.25%, 0.75% Floor		06/09/2028		44,327
	42,915	Ankura Consulting Group LLC, First Lien	6M SOFR + 4.00%, 0.75% Floor		03/17/2028		43,085
	134,796	ARAGORN PARENT CORPORATION, TL	1M SOFR + 4.25%		06/15/2028		135,429
	27,407	ASP Blade Holdings, Inc. TLB 1L	3M SOFR + 4.00%		10/07/2028		20,960
	226,608	Astoria Energy LLC, First Lien  - B Advance (2020) Term Loan	3M US L + 4.25%, 1.00% Floor		12/10/2027		227,211

Principal Amount/Description			Rate	Maturity		Value
$	137,789	Asurion LLC, First Lien  - New B-8 Term Loan	1M SOFR + 3.25%		12/23/2026	$	136,832
	155,881	BCP Renaissance Parent LLC, First Lien	3M SOFR + 3.25%, 1.00% Floor		10/31/2028		156,442
	69,359	BCPE North Star US Holdco 2, Inc., First Lien  - Initial Term Loan	3M US L + 3.75%, 0.75% Floor		06/09/2028		66,065
	98,000	Bengal Debt Merger Sub, LLC, First Lien	3M SOFR + 3.25%		01/19/2029		91,094
	25,000	Bengal Debt Merger Sub, LLC, Second Lien	3M SOFR + 6.00%		01/18/2030		20,340
	19,763	Carnival Corp., First Lien	6M CME TERM + 2.75%, 0.75% Floor		10/18/2028		19,840
	172,559	Charter Next Generation, Inc., First Lien	1M SOFR + 3.50%, 0.75% Floor		12/01/2027		173,059
	122,813	Clydesdale Acquisition Holdings, Inc., First Lien	1M SOFR + 3.675%, 0.50% Floor		04/13/2029		123,234
	121,875	Consilio/Skopima 5/21 Cov-Lite TLB	1M SOFR + 4.00%		05/12/2028		121,929
	22,897	CPV Maryland LLC, First Lien  - B Advance Term Loan	3M US L + 5.25%, 1.00% Floor		05/11/2028		22,697
	132,647	CQP Holdco LP TLB	3M US L + 4.00%		06/05/2028		132,848
	28,932	Directv Financing LLC, First Lien	1M SOFR + 5.25%, 0.75% Floor		08/02/2029		28,842
	242,500	DRW Holdings LLC, First Lien  - Initial Term Loan	1M SOFR + 3.50%		03/01/2028		242,880
	84,639	EG America LLC, First Lien	3M SOFR + 5.50%, 0.50% Floor		02/07/2028		83,757
	76,440	Electron BidCo, Inc. TL 1L	1M SOFR + 3.00%		10/07/2028		76,512
	147,000	Fertitta Entertainment, LLC, First Lien	1M SOFR + 3.75%		01/13/2029		147,340
	236,433	Flynn Restaurant Group LP, First Lien	1M SOFR + 4.25%, 0.50% Floor		12/04/2028		236,847
	241,875	Genesys Cloud Services Holdings II LLC, First Lien	1M SOFR + 3.50%, 0.75% Floor		12/01/2027		243,301
	10,000	GIP III Stetson I LP, First Lien  - Initial Term Loan	2M US L + 4.25%		07/18/2025		10,084
	158,027	GoTo Group, Inc., First Lien	1M SOFR + 4.75%		04/28/2028		106,206
	241,922	Great Outdoors Group LLC, First Lien	1M SOFR + 3.75%, 0.75% Floor		03/06/2028		242,024
	147,750	Houghton Mifflin Harcrt Co Tl 1L	3M SOFR + 5.25%		04/04/2029		140,979
	61,110	Hudson River Trading LLC, First Lien	1M US L + 3.00%		03/20/2028		61,175
	61,898	Hunter Douglas, Inc., First Lien	3M SOFR + 3.50%		02/09/2029		61,577
	243,150	IRB Holding Corp., First Lien	1M SOFR + 2.75%, 0.75% Floor		12/15/2027		243,332
	97,587	LTI Holdings, Inc., First Lien	1M SOFR + 4.75%		07/24/2026		96,727
	44,735	Majordrive Holdings IV LLC, First Lien  - Initial Term Loan	3M US L + 3.75%, 0.50% Floor		06/01/2028		44,870
	57,968	McAfee Corp., First Lien	3M SOFR + 3.75%		02/02/2029		57,981
	34,229	Merion Rose Merger Sub, Inc., First Lien	3M SOFR + 4.00%		12/08/2028		31,434
	150,000	Mileage Plus Holdings LLC, First Lien  - Initial Term Loan	3M SOFR + 5.25%, 1.00% Floor		06/21/2027		153,238
	227,323	Natgasoline LLC, First Lien  - Initial Term Loan	1M SOFR + 3.625%		11/14/2025		226,613
	48,401	Oryx Midstream Services Permian Basin LLC, First Lien	1M SOFR + 3.00%, 0.50% Floor		10/05/2028		48,491
	6,122	Parkway Generation, LLC, First Lien	6M US L + 4.75%		11/05/2028		6,124
	93,575	PMHC II, INC.TLB 1L	3M SOFR + 4.25%		02/02/2029		91,516
	87,188	Redwood Star Merger Sub, Inc.	1M SOFR + 4.50%		03/16/2029		87,791
	53,900	Restaurant Technologies, Inc. TLB 1L	3M SOFR + 4.25%		03/17/2029		52,538
	39,845	SCIH Salt Holdings, Inc., First Lien  - Incremental B-1 Term Loan	3M US L + 3.50%, 0.75% Floor		03/16/2027		39,920

Principal Amount/Description			Rate			Maturity		Value
$	146,258	SeaWorld Parks & Entertainment, Inc., First Lien		1M SOFR + 2.50%, 0.50% Floor			08/25/2028	$	146,472
	40,566	Secure Acquisition, Inc.		1M SOFR + 5.00%			12/15/2028		40,853
	42,906	SM Wellness Holdings, Inc., First Lien  - Initial Term Loan		3M US L + 3.75%, 0.75% Floor			04/17/2028		42,423
	135,627	Spin Holdco, Inc., First Lien  - Initial Term Loan		1M US L + 3.50%, 0.75% Floor			03/04/2028		116,216
	237,047	STUBHUB HLDGS INC, TL		1M SOFR + 4.75%			03/12/2030		237,418
	97,250	Tiger Acquisition LLC, First Lien  - Initial Term Loan		L + 3.25%, 0.50% Floor			06/01/2028		96,604
	71,066	Triton Water Holdings, Inc., First Lien  - Initial Term Loan		3M SOFR + 3.25%, 0.50% Floor			03/31/2028		71,172
	187,280	UKG, Inc., First Lien		1M SOFR + 3.25%			02/10/2031		188,201
	205,249	University Support Services LLC, First Lien		1M SOFR + 2.75%, 0.50% Floor			02/12/2029		205,378
	44,100	Univision Communications, Inc., First Lien  - B Term Loan		3M US L + 4.00%, 0.75% Floor			05/05/2028		43,108
	63,538	W. R. Grace Holdings LLC, First Lien  - Initial Term Loan		L + 3.75%, 0.50% Floor			09/22/2028		63,901
	220,909	Wec US Holdings, Ltd., First Lien		1M SOFR + 2.75%			01/27/2031		221,372
	81,133	Whatabrands LLC, First Lien		1M SOFR + 2.75%, 0.50% Floor			08/03/2028		81,244
	197,989	William Morris Endeavor Entertainment LLC, First Lien  - B-1 Term Loan		1M SOFR + 2.75%			05/19/2025		198,554
									6,490,370
TOTAL BANK LOANS
(Cost $7,145,615)									7,108,432
HIGH YIELD DEBT- 76.56%
Australia - 0.32%
	20,000	Mineral Resources, Ltd.(d)		9.25	%		10/01/2028		21,016
	60,000	Mineral Resources, Ltd.(d)		8.50	%		05/01/2030		62,183
	100,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.(d)		5.00	%		01/27/2030		91,715
									174,914
Belgium - 0.23%
	115,000	Ontex Group NV		3.50	%		07/15/2026		121,849
Canada - 2.83%
	90,000	Bausch Health Cos., Inc.(d)		6.13	%		02/01/2027		75,026
	65,000	Bausch Health Cos., Inc.(d)		4.88	%		06/01/2028		48,721
	100,000	Bombardier, Inc.(d)		6.00	%		02/15/2028		98,962
	90,000	Bombardier, Inc.(d)		8.75	%		11/15/2030		97,383
	30,000	Bombardier, Inc.(d)		7.25	%		07/01/2031		30,839
	90,000	Bombardier, Inc.(d)		7.00	%		06/01/2032		91,363
	110,000	Cascades, Inc./Cascades USA, Inc.(d)		5.38	%		01/15/2028		106,028
	115,000	Dye & Durham, Ltd.(d)		8.63	%		04/15/2029		116,762
	75,000	Empire Communities Corp.(d)		9.75	%		05/01/2029		76,406
	15,000	goeasy, Ltd.(d)		4.38	%		05/01/2026		14,563
	180,000	goeasy, Ltd.(d)		9.25	%		12/01/2028		191,228
	95,000	Husky Injection Molding Systems, Ltd. / Titan Co.-Borrower LLC(d)		9.00	%		02/15/2029		98,493
	105,000	Intelligent Packaging, Ltd. Finco, Inc. / Intelligent Packaging Ltd Co.-Issuer LLC(d)		6.00	%		09/15/2028		101,784
	110,000	Mercer International, Inc.		5.13	%		02/01/2029		96,921
	70,000	Northriver Midstream Finance LP(d)		5.63	%		02/15/2026		70,067
	20,000	Open Text Corp.(d)		6.90	%		12/01/2027		20,774

Principal Amount/Description			Rate			Maturity		Value
$	45,000	Precision Drilling Corp.(d)		7.13	%		01/15/2026	$	45,165
	25,000	Precision Drilling Corp.(d)		6.88	%		01/15/2029		24,755
	130,000	Saturn Oil & Gas, Inc.(d)		9.63	%		06/15/2029		131,317
									1,536,557
France - 2.15%
	200,000	Altice France SA(e)		4.13	%		01/15/2029		142,905
	55,000	Altice France SA(d)		5.13	%		07/15/2029		36,254
	100,000	Altice France SA(d)		4.25	%		10/15/2029		71,408
	100,000	Banijay Entertainment SASU(d)		7.00	%		05/01/2029		111,928
	200,000	Electricite de France SA(c)(f)		2.86% - 5Y EUR SWAP			12/31/9999		193,627
	255,000	Iliad Holding SASU(d)		5.63	%		10/15/2028		272,526
	100,000	Loxam SAS(e)		6.38	%		05/31/2029		110,561
	120,000	Tereos Finance Groupe I SA(d)		5.88	%		04/30/2030		128,744
	95,000	Vallourec SACA(d)		7.50	%		04/15/2032		98,492
									1,166,445
Germany - 1.69%
	200,000	Cheplapharm Arzneimittel GmbH(e)		7.50	%		05/15/2030		224,420
	100,000	Gruenenthal GmbH(d)		4.13	%		05/15/2028		104,703
	100,000	IHO Verwaltungs GmbH(d)(g)		8.75%  (9.50%)			05/15/2028		114,695
	100,000	Nidda Healthcare Holding GmbH(e)		7.50	%		08/21/2026		110,175
	96,712	Techem Verwaltungsgesellschaft 674 mbH(e)		6.00	%		07/30/2026		103,693
	120,000	TUI AG(e)		5.88	%		03/15/2029		130,763
	115,000	TUI Cruises GmbH(d)		6.25	%		04/15/2029		126,208
									914,657
Great Britain - 2.68%
	125,000	Ardonagh Finco, Ltd.(e)		6.88	%		02/15/2031		130,982
	100,000	B&M European Value Retail SA		8.13	%		11/15/2030		133,858
	100,000	British Telecommunications PLC(c)					12/20/2083		134,705
	100,000	CD&R Firefly Bidco PLC(d)		8.63	%		04/30/2029		128,290
	105,000	Heathrow Finance PLC		6.63	%		03/01/2031		131,486
	95,000	Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC(d)		8.13	%		02/15/2032		94,460
	100,000	Pinnacle Bidco PLC(e)		10.00	%		10/11/2028		134,389
	110,000	RAC Bond Co. PLC(e)		5.25	%		11/04/2027		130,728
	225,000	Vmed O2 UK Financing I PLC(d)		4.75	%		07/15/2031		190,067
	150,000	Vodafone Group PLC(c)		5Y US TI + 2.767%			06/04/2081		128,061
	100,000	Vodafone Group PLC(c)		5Y EUR SWAP + 3.489%			08/30/2084		115,266
									1,452,292
Hong Kong - 0.41%
	250,000	Seaspan Corp.(d)		5.50	%		08/01/2029		223,405
Ireland - 0.75%
	200,000	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.(e)		2.13	%		08/15/2026		178,476
	100,000	Virgin Media Vendor Financing Notes III DAC(e)		4.88	%		07/15/2028		113,137
	100,000	Virgin Media Vendor Financing Notes III DAC(d)		4.88	%		07/15/2028		113,136
									404,749
Isle Of Man - 0.23%
	120,000	Playtech PLC		4.25	%		03/07/2026		126,903
Italy - 2.12%
	100,000	Cedacri Mergeco SPA(c)(d)		3M EUR L + 4.625%			05/15/2028		106,985
	110,000	Cerved Group SpA(c)(e)		3M EUR L + 5.25%			02/15/2029		115,971

Principal Amount/Description			Rate			Maturity		Value
$	100,000	Engineering - Ingegneria Informatica - SpA(e)		5.88	%		09/30/2026	$	102,959
	115,000	Fiber Bidco Spa(c)(e)		3M EUR L + 4.00%			01/15/2030		124,700
	100,000	Guala Closures SpA(e)		3.25	%		06/15/2028		98,712
	100,000	IMA Industria Macchine Automatiche SpA(c)(d)		3M EUR L + 3.75%			04/15/2029		108,027
	120,000	Inter Media and Communication SpA(e)		6.75	%		02/09/2027		127,128
	100,000	Mooney Group SpA(c)(e)		3M EUR L + 3.875%			12/17/2026		107,142
	115,000	Neopharmed Gentili SPA(d)		7.13	%		04/08/2030		126,315
	110,000	Telecom Italia SpA		7.88	%		07/31/2028		128,769
									1,146,708
Jersey - 0.29%
	160,000	Aston Martin Capital Holdings, Ltd.(d)		10.00	%		03/31/2029		157,819
Luxembourg - 3.10%
	200,000	Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(d)		4.63	%		06/01/2028		182,431
	100,000	Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(e)		3.63	%		06/01/2028		97,828
	100,000	Altice Financing SA(e)		4.25	%		08/15/2029		81,171
	100,000	Altice Financing SA(d)		4.25	%		08/15/2029		81,171
	100,000	Altice France Holding SA(d)		4.00	%		02/15/2028		31,727
	100,000	Cirsa Finance International Sarl(d)		6.50	%		03/15/2029		110,594
	100,000	Eurofins Scientific SE(c)(f)		3M EUR L + 2.667%			12/31/9999		102,146
	100,000	Eurofins Scientific SE(c)(f)		3M EUR L + 4.241%			12/31/9999		108,067
	70,000	Intelsat Jackson Holdings SA(d)		6.50	%		03/15/2030		65,301
	200,000	ION Trading Technologies Sarl(d)		5.75	%		05/15/2028		182,961
	120,000	Loarre Investments Sarl(e)		6.50	%		05/15/2029		129,758
	110,000	SK Invictus Intermediate II Sarl(d)		5.00	%		10/30/2029		99,722
	205,000	Summer BC Holdco B SARL(e)		5.75	%		10/31/2026		217,590
	28,000	Telecom Italia Capital SA		6.38	%		11/15/2033		26,216
	167,000	Telecom Italia Capital SA(d)		6.38	%		11/15/2033		163,575
									1,680,258
Netherlands - 2.73%
	100,000	Boels Topholding BV(d)		6.25	%		02/15/2029		111,556
	130,000	Energizer Gamma Acquisition BV(e)		3.50	%		06/30/2029		128,290
	125,000	GTCR W Dutch Finance Sub BV(d)		8.50	%		01/15/2031		169,689
	125,000	Odido Holding BV(d)		3.75	%		01/15/2029		126,692
	115,000	OI European Group BV(d)		5.25	%		06/01/2029		123,824
	120,000	Q-Park Holding I BV(d)		5.13	%		02/15/2030		128,350
	200,000	Sunrise FinCo I BV(d)		4.88	%		07/15/2031		181,762
	100,000	Telefonica Europe BV(c)(f)		6Y EUR SWAP + 4.322%			12/31/9999		116,454
	100,000	Telefonica Europe BV(c)(f)		8Y EUR SWAP + 3.615%			12/31/9999		116,396
	100,000	Wp/ap Telecom Holdings III BV(e)		5.50	%		01/15/2030		99,464
	200,000	Ziggo BV(d)		4.88	%		01/15/2030		178,127
									1,480,604
Sweden - 0.46%
	100,000	Samhallsbyggnadsbolaget i Norden AB(f)		3.223% - 5Y EUR SWAP			12/31/9999		37,952
	200,000	Verisure Midholding AB(e)		5.25	%		02/15/2029		209,461
									247,413
United States - 56.58%
	40,000	Academy, Ltd.(d)		6.00	%		11/15/2027		39,425

Principal Amount/Description			Rate			Maturity		Value
$	95,000	ACCO Brands Corp.(d)		4.25	%		03/15/2029	$	85,071
	105,000	Acuris Finance US, Inc. / Acuris Finance SARL(d)		5.00	%		05/01/2028		93,356
	55,000	Adient Global Holdings, Ltd.(d)		7.00	%		04/15/2028		56,343
	75,000	Adient Global Holdings, Ltd.(d)		8.25	%		04/15/2031		78,349
	160,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer(d)		6.75	%		04/15/2028		160,406
	25,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer(d)		7.00	%		01/15/2031		25,276
	95,000	AMC Networks, Inc.(d)		10.25	%		01/15/2029		93,683
	125,000	AMC Networks, Inc.		4.25	%		02/15/2029		84,467
	130,000	Amer Sports Co.(d)		6.75	%		02/16/2031		129,750
	50,000	American Airlines, Inc.(d)		7.25	%		02/15/2028		50,085
	95,000	American Axle & Manufacturing, Inc.		5.00	%		10/01/2029		87,213
	85,000	AmeriGas Partners LP / AmeriGas Finance Corp.(d)		9.38	%		06/01/2028		87,328
	65,000	APX Group, Inc.(d)		5.75	%		07/15/2029		62,409
	235,000	Arches Buyer, Inc.(d)		4.25	%		06/01/2028		210,099
	45,000	Archrock Partners LP / Archrock Partners Finance Corp.(d)		6.88	%		04/01/2027		45,217
	75,000	Archrock Partners LP / Archrock Partners Finance Corp.(d)		6.25	%		04/01/2028		74,349
	65,000	Arsenal AIC Parent LLC(d)		8.00	%		10/01/2030		68,292
	105,000	Artera Services LLC(d)		8.50	%		02/15/2031		108,177
	75,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.(d)		7.00	%		11/01/2026		75,131
	175,000	ASP Unifrax Holdings, Inc.(d)		5.25	%		09/30/2028		96,023
	135,000	AssuredPartners, Inc.(d)		7.50	%		02/15/2032		135,645
	100,000	AT&T, Inc.(c)(f)					12/31/9999		105,101
	75,000	AthenaHealth Group, Inc.(d)		6.50	%		02/15/2030		69,118
	85,000	Avient Corp.(d)		7.13	%		08/01/2030		86,723
	70,000	B&G Foods, Inc.		5.25	%		09/15/2027		64,916
	140,000	B&G Foods, Inc.(d)		8.00	%		09/15/2028		142,447
	145,000	BellRing Brands, Inc.(d)		7.00	%		03/15/2030		148,739
	60,000	Big River Steel LLC / BRS Finance Corp.(d)		6.63	%		01/31/2029		60,203
	710,000	Blackstone Private Credit Fund		2.63	%		12/15/2026		649,544
	240,000	Block Communications, Inc.(d)		4.88	%		03/01/2028		215,122
	165,000	Bloomin' Brands, Inc. / OSI Restaurant Partners LLC(d)		5.13	%		04/15/2029		148,975
	500,000	Blue Owl Capital Corp.		3.75	%		07/22/2025		487,588
	1,242,000	Blue Owl Capital Corp. III		3.13	%		04/13/2027		1,136,666
	200,000	Blue Owl Credit Income Corp.		5.50	%		03/21/2025		198,992
	105,000	Blue Racer Midstream LLC / Blue Racer Finance Corp.(d)		7.00	%		07/15/2029		106,996
	60,000	Blue Racer Midstream LLC / Blue Racer Finance Corp.(d)		7.25	%		07/15/2032		61,728
	105,000	BlueLinx Holdings, Inc.(d)		6.00	%		11/15/2029		97,739
	55,000	Boost Newco Borrower LLC(d)		7.50	%		01/15/2031		57,387
	125,006	Borr IHC, Ltd. / Borr Finance LLC(d)		10.00	%		11/15/2028		131,022
	65,000	Brightline East LLC(d)		11.00	%		01/31/2030		59,336
	105,000	Brinker International, Inc.(d)		8.25	%		07/15/2030		110,337
	45,000	Buckeye Partners LP(d)		4.50	%		03/01/2028		42,324
	105,000	Buckeye Partners LP(d)		6.88	%		07/01/2029		105,461
	175,000	Cable One, Inc.(h)		0.00	%		03/15/2026		154,000
	70,000	Cablevision Lightpath LLC(d)		3.88	%		09/15/2027		61,971
	120,000	Cablevision Lightpath LLC(d)		5.63	%		09/15/2028		96,888
	75,000	Caesars Entertainment, Inc.(d)		7.00	%		02/15/2030		76,673
	105,000	Caesars Entertainment, Inc.(d)		6.50	%		02/15/2032		105,584
	125,000	Calpine Corp.(d)		5.00	%		02/01/2031		116,741
	205,000	Carnival Corp.(d)		6.00	%		05/01/2029		202,631
	330,000	Carnival Corp.(d)		10.50	%		06/01/2030		358,717

Principal Amount/Description			Rate			Maturity		Value
$	50,000	CCO Holdings LLC / CCO Holdings Capital Corp.(d)		5.50	%		05/01/2026	$	49,550
	175,000	CCO Holdings LLC / CCO Holdings Capital Corp.(d)		6.38	%		09/01/2029		166,469
	120,000	CCO Holdings LLC / CCO Holdings Capital Corp.(d)		4.75	%		03/01/2030		104,012
	250,000	CCO Holdings LLC / CCO Holdings Capital Corp.(d)		4.50	%		06/01/2033		196,972
	135,000	CCO Holdings LLC / CCO Holdings Capital Corp.(d)		4.25	%		01/15/2034		102,584
	130,000	Cedar Fair LP		5.25	%		07/15/2029		124,818
	75,000	Chart Industries, Inc.(d)		7.50	%		01/01/2030		77,596
	35,000	Chart Industries, Inc.(d)		9.50	%		01/01/2031		37,963
	40,000	CHS/Community Health Systems, Inc.(d)		6.00	%		01/15/2029		35,336
	120,000	CHS/Community Health Systems, Inc.(d)		10.88	%		01/15/2032		125,044
	65,000	Churchill Downs, Inc.(d)		5.50	%		04/01/2027		63,994
	10,000	Churchill Downs, Inc.(d)		4.75	%		01/15/2028		9,558
	55,000	Churchill Downs, Inc.(d)		5.75	%		04/01/2030		53,466
	100,000	Churchill Downs, Inc.(d)		6.75	%		05/01/2031		100,666
	115,000	CITGO Petroleum Corp.(d)		7.00	%		06/15/2025		115,076
	35,000	CITGO Petroleum Corp.(d)		6.38	%		06/15/2026		34,836
	200,000	Civitas Resources, Inc.(d)		8.63	%		11/01/2030		214,606
	95,000	Clear Channel Outdoor Holdings, Inc.(d)		5.13	%		08/15/2027		90,815
	60,000	Clear Channel Outdoor Holdings, Inc.(d)		9.00	%		09/15/2028		62,874
	65,000	Clear Channel Outdoor Holdings, Inc.(d)		7.88	%		04/01/2030		65,478
	210,000	Cleveland-Cliffs, Inc.(d)		7.00	%		03/15/2032		207,885
	275,000	Cloud Software Group, Inc.(d)		6.50	%		03/31/2029		264,292
	160,000	Cloud Software Group, Inc.(d)		8.25	%		06/30/2032		163,179
	85,000	Clydesdale Acquisition Holdings, Inc.(d)		6.63	%		04/15/2029		83,632
	70,000	Cogent Communications Group, Inc.(d)		7.00	%		06/15/2027		69,412
	150,000	Cogent Communications Group, Inc. / Cogent Communications Finance, Inc.(d)		7.00	%		06/15/2027		148,583
	30,000	CommScope, Inc.(d)		6.00	%		03/01/2026		26,364
	107,000	CommScope, Inc.(d)		8.25	%		03/01/2027		50,885
	25,000	CommScope, Inc.(d)		7.13	%		07/01/2028		10,389
	108,000	CommScope, Inc.(d)		4.75	%		09/01/2029		75,039
	145,000	Compass Group Diversified Holdings LLC(d)		5.25	%		04/15/2029		137,662
	100,000	Comstock Resources, Inc.(d)		6.75	%		03/01/2029		96,261
	70,000	Comstock Resources, Inc.(d)		5.88	%		01/15/2030		65,185
	105,000	Consolidated Communications, Inc.(d)		5.00	%		10/01/2028		86,959
	65,000	Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC(d)		6.63	%		07/15/2030		66,013
	95,000	Cougar JV Subsidiary LLC(d)		8.00	%		05/15/2032		98,313
	250,000	CQP Holdco LP / BIP-V Chinook Holdco LLC(d)		7.50	%		12/15/2033		259,508
	115,000	Crocs, Inc.(d)		4.25	%		03/15/2029		104,939
	115,000	CSC Holdings LLC(d)		5.75	%		01/15/2030		43,502
	25,000	CSC Holdings LLC(d)		5.00	%		11/15/2031		9,083
	110,000	Cushman & Wakefield US Borrower LLC(d)		8.88	%		09/01/2031		115,834
	120,000	CVR Energy, Inc.(d)		5.75	%		02/15/2028		111,383
	20,000	Dana, Inc.		5.38	%		11/15/2027		19,571
	30,000	Dana, Inc.		4.25	%		09/01/2030		26,220
	195,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.(d)		5.88	%		08/15/2027		183,577
	65,000	Elastic NV(d)		4.13	%		07/15/2029		59,418
	100,000	EMRLD Borrower LP / Emerald Co.-Issuer, Inc.(d)		6.38	%		12/15/2030		111,379

Principal Amount/Description			Rate			Maturity		Value
$	85,000	Endo Finance Holdings, Inc.(d)		8.50	%		04/15/2031	$	87,824
	45,000	EnerSys(d)		6.63	%		01/15/2032		45,796
	265,000	EnLink Midstream Partners LP		5.05	%		04/01/2045		218,014
	180,000	EQM Midstream Partners LP(d)		4.75	%		01/15/2031		168,421
	235,000	EquipmentShare.com, Inc.(d)		9.00	%		05/15/2028		242,808
	90,000	Everi Holdings, Inc.(d)		5.00	%		07/15/2029		88,595
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.(d)		4.63	%		01/15/2029		45,572
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.(d)		6.75	%		01/15/2030		43,947
	90,000	Fiesta Purchaser, Inc.(d)		7.88	%		03/01/2031		93,076
	10,000	FirstCash, Inc.(d)		4.63	%		09/01/2028		9,409
	170,000	FirstCash, Inc.(d)		5.63	%		01/01/2030		161,174
	100,000	Fortress Intermediate 3, Inc.(d)		7.50	%		06/01/2031		102,580
	200,000	Fortress Transportation and Infrastructure Investors LLC(d)		5.50	%		05/01/2028		194,107
	23,000	Fortress Transportation and Infrastructure Investors LLC(d)		7.88	%		12/01/2030		24,094
	500,000	Franklin BSP Capital Corp.(d)		4.85	%		12/15/2024		494,678
	672,860	Franklin BSP Capital Corp.		3.25	%		03/30/2026		633,083
	15,000	Freedom Mortgage Corp.(d)		12.00	%		10/01/2028		16,122
	35,000	Freedom Mortgage Corp.(d)		12.25	%		10/01/2030		37,688
	70,000	Freedom Mortgage Holdings LLC(d)		9.13	%		05/15/2031		68,205
	195,000	Frontier Communications Holdings LLC(d)		5.00	%		05/01/2028		183,908
	20,000	Frontier Communications Holdings LLC(d)		8.75	%		05/15/2030		20,631
	1,000,000	FS KKR Capital Corp.		4.13	%		02/01/2025		988,009
	35,000	Go Daddy Operating Co. LLC / GD Finance Co, Inc.(d)		5.25	%		12/01/2027		34,295
	55,000	Goodyear Tire & Rubber Co.		9.50	%		05/31/2025		55,103
	110,000	Great Lakes Dredge & Dock Corp.(d)		5.25	%		06/01/2029		98,284
	120,000	Greystar Real Estate Partners LLC(d)		7.75	%		09/01/2030		126,465
	30,000	Hanesbrands, Inc.(d)		4.88	%		05/15/2026		29,371
	140,000	Hanesbrands, Inc.(d)		9.00	%		02/15/2031		146,805
	20,000	HAT Holdings I LLC / HAT Holdings II LLC(d)		8.00	%		06/15/2027		20,818
	5,000	HAT Holdings I LLC / HAT Holdings II LLC(d)		3.75	%		09/15/2030		4,366
	1,782	Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.(d)		5.75	%		01/20/2026		1,697
	130,000	Helios Software Holdings, Inc. / ION Corporate Solutions Finance Sarl(d)		8.75	%		05/01/2029		132,496
	115,000	Helios Software Holdings, Inc. / ION Corporate Solutions Finance Sarl(d)		7.88	%		05/01/2029		123,453
	170,000	Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc(d)		5.00	%		06/01/2029		158,645
	30,000	HLF Financing Sarl LLC / Herbalife International, Inc.(d)		12.25	%		04/15/2029		29,932
	135,000	HLF Financing Sarl LLC / Herbalife International, Inc.(d)		4.88	%		06/01/2029		93,661
	80,000	Howard Midstream Energy Partners LLC(d)		8.88	%		07/15/2028		84,725
	45,000	HUB International, Ltd.(d)		5.63	%		12/01/2029		42,599
	80,000	HUB International, Ltd.(d)		7.25	%		06/15/2030		82,069
	220,000	Hunt Companies, Inc.(d)		5.25	%		04/15/2029		200,140
	145,000	Imola Merger Corp.(d)		4.75	%		05/15/2029		135,672
	180,000	Iron Mountain, Inc.(d)		5.25	%		03/15/2028		174,319
	15,000	Iron Mountain, Inc.(d)		5.00	%		07/15/2028		14,381
	55,000	Iron Mountain, Inc.(d)		7.00	%		02/15/2029		56,023

Principal Amount/Description			Rate			Maturity		Value
$	55,000	Iron Mountain, Inc.(d)		5.25	%		07/15/2030	$	52,319
	135,000	JB Poindexter & Co., Inc.(d)		8.75	%		12/15/2031		140,028
	20,000	JetBlue Airways Corp.		0.50	%		04/01/2026		17,643
	310,000	Kennedy-Wilson, Inc.		4.75	%		02/01/2030		257,617
	145,000	Kinetik Holdings LP(d)		6.63	%		12/15/2028		147,413
	55,000	Kinetik Holdings LP(d)		5.88	%		06/15/2030		54,232
	165,000	Kodiak Gas Services LLC(d)		7.25	%		02/15/2029		169,269
	50,000	LABL, Inc.(d)		5.88	%		11/01/2028		45,687
	155,000	LCM Investments Holdings II LLC(d)		8.25	%		08/01/2031		161,879
	120,000	Legends Hospitality Holding Co. LLC / Legends Hospitality Co-Issuer, Inc.(d)		5.00	%		02/01/2026		119,011
	20,000	Level 3 Financing, Inc.(d)		4.63	%		09/15/2027		10,439
	15,000	Level 3 Financing, Inc.(d)		4.25	%		07/01/2028		5,727
	55,000	Level 3 Financing, Inc.(d)		3.63	%		01/15/2029		16,850
	140,000	Level 3 Financing, Inc.(d)		3.75	%		07/15/2029		44,100
	185,000	LFS Topco LLC(d)		5.88	%		10/15/2026		170,838
	20,000	Madison IAQ LLC(d)		5.88	%		06/30/2029		18,627
	50,000	Marriott Ownership Resorts, Inc.		4.75	%		01/15/2028		47,228
	215,000	Marriott Ownership Resorts, Inc.(d)		4.50	%		06/15/2029		197,736
	110,000	Masterbrand, Inc.(d)		7.00	%		07/15/2032		111,317
	110,000	Matador Resources Co.(d)		6.88	%		04/15/2028		111,787
	25,000	Matador Resources Co.(d)		6.50	%		04/15/2032		25,021
	110,000	Medline Borrower LP(d)		5.25	%		10/01/2029		105,061
	60,000	Mercer International, Inc.		5.50	%		01/15/2026		58,278
	30,000	ModivCare, Inc.(d)		5.88	%		11/15/2025		30,441
	100,000	MPH Acquisition Holdings LLC(d)		5.50	%		09/01/2028		75,611
	135,000	Nabors Industries, Inc.(d)		9.13	%		01/31/2030		139,966
	25,000	Nabors Industries, Ltd.(d)		7.25	%		01/15/2026		25,382
	30,000	Nabors Industries, Ltd.(d)		7.50	%		01/15/2028		28,654
	20,000	Nationstar Mortgage Holdings, Inc.(d)		7.13	%		02/01/2032		20,139
	150,000	NCL Corp., Ltd.(d)		8.13	%		01/15/2029		157,278
	80,000	NCL Corp., Ltd.(d)		7.75	%		02/15/2029		83,230
	115,000	NCR Atleos Corp.(d)		9.50	%		04/01/2029		124,390
	115,000	NCR Voyix Corp.(d)		5.13	%		04/15/2029		108,405
	90,000	NCR Voyix Corp.(d)		5.25	%		10/01/2030		82,338
	100,000	Necessity Retail REIT, Inc. / American Finance Operating Partner LP(d)		4.50	%		09/30/2028		88,085
	35,000	New Enterprise Stone & Lime Co., Inc.(d)		9.75	%		07/15/2028		35,647
	135,000	New Enterprise Stone & Lime Co., Inc.(d)		5.25	%		07/15/2028		127,600
	105,000	NextEra Energy Operating Partners LP(d)		7.25	%		01/15/2029		107,754
	150,000	NGL Energy Operating LLC / NGL Energy Finance Corp.(d)		8.13	%		02/15/2029		152,951
	45,000	NGL Energy Operating LLC / NGL Energy Finance Corp.(d)		8.38	%		02/15/2032		45,729
	25,000	Northern Oil & Gas, Inc.(d)		8.13	%		03/01/2028		25,301
	105,000	Northern Oil & Gas, Inc.(d)		8.75	%		06/15/2031		110,306
	260,000	NRG Energy, Inc.(d)		3.63	%		02/15/2031		223,170
	5,000	NuStar Logistics LP		6.00	%		06/01/2026		4,995
	28,000	NuStar Logistics LP		6.38	%		10/01/2030		28,490
	20,000	Oceaneering International, Inc.		6.00	%		02/01/2028		19,791
	155,000	Oceaneering International, Inc.		6.00	%		02/01/2028		153,379
	115,000	Olympus Water US Holding Corp.(d)		4.25	%		10/01/2028		104,756
	25,000	Olympus Water US Holding Corp.(d)		9.75	%		11/15/2028		26,481
	115,000	Olympus Water US Holding Corp.(e)		9.63	%		11/15/2028		132,327
	40,000	Olympus Water US Holding Corp.(d)		6.25	%		10/01/2029		36,558
	120,000	Olympus Water US Holding Corp.(d)		7.25	%		06/15/2031		119,381
	40,000	OneMain Finance Corp.		7.88	%		03/15/2030		41,274
	210,000	Open Text Holdings, Inc.(d)		4.13	%		02/15/2030		189,543
	225,000	Organon & Co. / Organon Foreign Debt Co-Issuer BV(d)		5.13	%		04/30/2031		202,307

Principal Amount/Description			Rate			Maturity		Value
$	60,000	Organon & Co. / Organon Foreign Debt Co-Issuer BV(d)		7.88	%		05/15/2034	$	61,725
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(d)		5.00	%		08/15/2027		19,373
	25,000	Owens & Minor, Inc.(d)		4.50	%		03/31/2029		21,583
	76,000	Owens & Minor, Inc.(d)		6.63	%		04/01/2030		69,170
	200,000	Owens-Brockway Glass Container, Inc.(d)		7.38	%		06/01/2032		200,482
	140,000	Panther Escrow Issuer LLC(d)		7.13	%		06/01/2031		141,709
	55,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(d)		5.88	%		10/01/2028		54,249
	170,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(d)		4.88	%		05/15/2029		159,577
	45,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer(d)		7.00	%		02/01/2030		45,574
	145,000	Pediatrix Medical Group, Inc.(d)		5.38	%		02/15/2030		128,341
	35,000	Permian Resources Operating LLC(d)		5.88	%		07/01/2029		34,486
	130,000	Permian Resources Operating LLC(d)		7.00	%		01/15/2032		133,635
	75,000	Phinia, Inc.(d)		6.75	%		04/15/2029		76,207
	165,000	Pike Corp.(d)		8.63	%		01/31/2031		174,994
	225,000	Post Holdings, Inc.(d)		5.50	%		12/15/2029		217,246
	245,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(d)		6.25	%		01/15/2028		241,672
	105,000	QVC, Inc.		4.75	%		02/15/2027		88,737
	110,000	QVC, Inc.		4.38	%		09/01/2028		80,560
	100,000	Railworks Holdings LP / Railworks Rally, Inc.(d)		8.25	%		11/15/2028		101,864
	100,000	RAY FINANCING LL SUNMED 6 1/2 07/15/31					07/15/2031		107,095
	145,000	RHP HOTEL PPTY RHP 6 1/2 04/01/32					04/01/2032		145,129
	120,000	RHP Hotel Properties LP / RHP Finance Corp.(d)		7.25	%		07/15/2028		124,182
	40,000	RLJ Lodging Trust LP(d)		4.00	%		09/15/2029		35,374
	75,000	Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.(d)		4.00	%		10/15/2033		63,261
	115,000	Rocket Software, Inc.(d)		9.00	%		11/28/2028		116,980
	95,000	Royal Caribbean Cruises, Ltd.(d)		7.25	%		01/15/2030		98,425
	135,000	Royal Caribbean Cruises, Ltd.(d)		6.25	%		03/15/2032		136,218
	100,000	SCIL IV LLC / SCIL USA Holdings LLC(d)		5.38	%		11/01/2026		96,803
	98,000	Sealed Air Corp./Sealed Air Corp US(d)		7.25	%		02/15/2031		101,023
	141,000	Service Properties Trust(d)		8.63	%		11/15/2031		147,103
	165,000	Service Properties Trust		8.88	%		06/15/2032		154,033
	85,000	Sirius XM Radio, Inc.(d)		5.50	%		07/01/2029		79,910
	245,000	Sirius XM Radio, Inc.(d)		4.13	%		07/01/2030		209,460
	40,000	Sirius XM Radio, Inc.(d)		3.88	%		09/01/2031		32,683
	80,000	Six Flags Entertainment Corp.(d)		5.50	%		04/15/2027		79,242
	95,000	Six Flags Entertainment Corp.(d)		7.25	%		05/15/2031		96,788
	7,000	Six Flags Theme Parks, Inc.(d)		7.00	%		07/01/2025		7,039
	70,000	Sotera Health Holdings LLC(d)		7.38	%		06/01/2031		70,191
	22,000	Spectrum Brands, Inc.(d)		3.88	%		03/15/2031		18,407
	110,000	Spirit AeroSystems, Inc.(d)		9.75	%		11/15/2030		121,480
	40,000	Standard Industries, Inc.(d)		5.00	%		02/15/2027		38,919
	85,000	Standard Industries, Inc.(d)		4.75	%		01/15/2028		80,958
	115,000	Summit Materials LLC / Summit Materials Finance Corp.(d)		7.25	%		01/15/2031		119,220
	140,000	Sunoco LP(d)		7.25	%		05/01/2032		144,914
	115,000	Talen Energy Supply LLC(d)		8.63	%		06/01/2030		122,708
	135,000	TMS International Corp.(d)		6.25	%		04/15/2029		124,041
	70,000	TransDigm, Inc.		4.63	%		01/15/2029		65,373

Principal Amount/Description			Rate			Maturity		Value
$	55,000	TransDigm, Inc.(d)		6.38	%		03/01/2029	$	55,346
	20,000	Uber Technologies, Inc.(d)		6.25	%		01/15/2028		20,042
	95,000	UKG, Inc.(d)		6.88	%		02/01/2031		96,258
	115,000	Univision Communications, Inc.(d)		6.63	%		06/01/2027		110,206
	10,000	Univision Communications, Inc.(d)		7.38	%		06/30/2030		9,310
	95,000	US Foods, Inc.(d)		7.25	%		01/15/2032		98,709
	30,000	USA Compression Partners LP / USA Compression Finance Corp.		6.88	%		09/01/2027		30,088
	195,000	USA Compression Partners LP / USA Compression Finance Corp.(d)		7.13	%		03/15/2029		196,645
	135,000	Velocity Vehicle Group LLC(d)		8.00	%		06/01/2029		138,987
	90,000	Venture Global LNG, Inc.(d)		8.13	%		06/01/2028		92,791
	110,000	Venture Global LNG, Inc.(d)		9.50	%		02/01/2029		120,529
	325,000	Venture Global LNG, Inc.(d)		8.38	%		06/01/2031		337,342
	65,000	Vistra Operations Co. LLC(d)		5.00	%		07/31/2027		62,923
	40,000	Vistra Operations Co. LLC(d)		7.75	%		10/15/2031		41,687
	140,000	Vistra Operations Co. LLC(d)		6.88	%		04/15/2032		142,231
	175,000	Vital Energy, Inc.(d)		7.88	%		04/15/2032		178,031
	65,000	Walgreens Boots Alliance, Inc.		4.10	%		04/15/2050		44,721
	65,000	Wand NewCo 3, Inc.(d)		7.63	%		01/30/2032		67,186
	245,000	WASH Multifamily Acquisition, Inc.(d)		5.75	%		04/15/2026		239,734
	50,000	Weatherford International, Ltd.(d)		8.63	%		04/30/2030		51,854
	120,000	Weekley Homes LLC / Weekley Finance Corp.(d)		4.88	%		09/15/2028		111,269
	110,000	WESCO Distribution, Inc.(d)		6.63	%		03/15/2032		111,295
	180,000	Western Midstream Operating LP		5.50	%		08/15/2048		156,597
	70,000	Williams Scotsman, Inc.(d)		7.38	%		10/01/2031		72,081
	110,000	Windsor Holdings III LLC(d)		8.50	%		06/15/2030		114,943
	95,000	WR Grace Holdings LLC(d)		4.88	%		06/15/2027		91,730
	60,000	WR Grace Holdings LLC(d)		5.63	%		08/15/2029		55,365
	70,000	Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.(d)		5.13	%		10/01/2029		66,618
	55,000	Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.(d)		7.13	%		02/15/2031		57,068
	190,000	Zayo Group Holdings, Inc.(d)		4.00	%		03/01/2027		152,189
	35,000	ZF North America Capital, Inc.(d)		6.88	%		04/14/2028		35,707
	35,000	ZF North America Capital, Inc.(d)		7.13	%		04/14/2030		36,273
									30,668,667
TOTAL HIGH YIELD DEBT
(Cost $41,955,859)									41,503,240

Shares/Description			Value
WARRANTS - 0.01%
	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		2,986
TOTAL WARRANTS
(Cost $105,685)				2,986

Principal Amount/Description			Rate		Maturity
BUSINESS DEVELOPMENT COMPANY NOTES - 0.14%
	3,018	MidCap Financial Investment Corp.	8.00	%		12/15/2028	75,918
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $76,341)							75,918
Shares/Description							Value
SHORT-TERM INVESTMENTS - 3.85%
	2,088,116	State Street Institutional Trust (7 Day Yield 5.24%)					2,088,116
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,088,116)							2,088,116

Shares/Description	Value
TOTAL INVESTMENTS - 98.86%
(Cost $54,328,186)	$	53,593,573
OTHER ASSETS IN EXCESS OF LIABILITIES - 1.14%		617,762
NET ASSETS - 100.00%	$	54,211,335

Investment Abbreviations:

EURIBOR - Euro Interbank Offered Rate

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

Rates:

1M US L - 1 Month LIBOR as of June 30, 2024 was 5.45%

3M US L - 3 Month LIBOR as of June 30, 2024 was 5.59%

6M US L - 6 Month LIBOR as of June 30, 2024 was 5.68%

3M EUR L - 3 Month EURIBOR as of June 30, 2024 was 3.71%

6M EUR L - 6 Month EURIBOR as of June 30, 2024 was 3.68%

5Y EUR SWAP - 5 Year Euro ICE Swap Rate as of June 30, 2024 was 2.87%

(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)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2024. 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.
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. 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 $29,867,501, which represents approximately 55.09% of net assets as of June 30, 2024.
(e)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, as amended, 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, as amended, 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, 2024, the aggregate fair value of those securities was $3,282,732, representing 6.06% of net assets.
(f)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
(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.

See Notes to Quarterly Schedule of Investments.

OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS
Counterparty	Settlement Date	Fund Receiving	U.S. $ Value at June 30, 2024	Fund Delivering	U.S. $ Value at June 30, 2024		Unrealized Appreciation
State Street Corporation	7/5/2024	EUR	171,376	USD	171,010	$	366
State Street Corporation	7/5/2024	USD	7,019,430	EUR	6,903,416		116,014
State Street Corporation	7/5/2024	USD	3,216	EUR	3,214		2
State Street Corporation	7/5/2024	USD	957,759	GBP	947,329		10,430
State Street Corporation	7/5/2024	USD	147,102	GBP	145,374		1,728
						$	128,540
State Street Corporation	7/5/2024	EUR	124,676	USD	126,653	$	(1,977	)
State Street Corporation	7/5/2024	EUR	235,641	USD	237,829		(2,188	)
State Street Corporation	7/5/2024	GBP	632	USD	639		(7	)
State Street Corporation	7/5/2024	GBP	6,321	USD	6,357		(36	)
State Street Corporation	7/5/2024	USD	93,175	EUR	93,186		(11	)
State Street Corporation	7/5/2024	USD	138,943	GBP	139,053		(110	)
State Street Corporation	7/5/2024	USD	16,052	EUR	16,066		(14	)
						$	(4,343	)

RiverNorth Funds Notes to Quarterly Schedule of Investments

June 30, 2024 (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”). Effective August 10, 2021, as part of an internal corporate reorganization, Oaktree Capital Management, L.P., the Fund’s previous sub-adviser, transferred its sub-advisory agreement with the High Income Fund to Oaktree Capital. 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 financial statements are prepared in accordance with GAAP, which requires management to make estimates and assumptions that affect the reported amounts and disclosures, including the disclosure of contingent assets and liabilities, 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, 2024.

Security Valuation:  The Funds’ assets and other financial instruments are recorded at their 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.

Certain foreign countries impose a capital gains tax which is accrued by the Funds based on the unrealized appreciation, if any, on affected securities. Any accrual would reduce a Fund’s net asset value ("NAV"). The tax is paid when the gain is realized and is included in capital gains tax in the Statements of Operations. During the period ended June 30, 2024, no foreign capital gains tax was accrued or paid by the Fund.

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 

The Funds value their investments at fair value. 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.

Effective September 8, 2022, and pursuant to the requirements of Rule 2a-5 under the 1940 Act, the Board approved updated valuation procedures for the Funds and designated the Adviser as the Funds’ valuation designee to make all fair valuation determinations with respect to each of the Fund's portfolio investments, subject to the Board's oversight.

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 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 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 in conformity with guidelines adopted by and subject to review by the Board. These securities will be categorized as Level 3 securities.

Futures contracts are normally valued at the final settlement price or official closing price provided by independent pricing services. These securities will be categorized ass Level 1 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 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 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 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 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, 2024 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	$	37,744,606	$	–	$	–	$	37,744,606
Closed-End Funds - Preferred Shares		372,229		–		–		372,229
Exchange Traded Funds		3,473,595		–		–		3,473,595
Business Development Company Notes		–		197,072		–		197,072
U.S. Corporate Bonds		–		1,091,712		–		1,091,712
U.S. Government Bonds and Notes		–		994,604		–		994,604
Warrants		7,126		–		–		7,126
Short-Term Investments		1,711,854		–		–		1,711,854
Total	$	43,309,410	$	2,283,388	$	–	$	45,592,798

Strategic Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3			Total
Closed-End Funds	$	238,116,175	$	–	$	–		$	238,116,175
Closed-End Funds - Preferred Shares		7,576,083		–		–			7,576,083
Business Development Companies - Preferred Shares		7,045,508		3,530,965		–			10,576,473
Common Stocks		1,457		–		–			1,457
Open-End Funds		35,444,636		–		–			35,444,636
Foreign Corporate Bonds		–		29,012,724		–			29,012,724
U.S. Corporate Bonds		–		131,890,828		–			131,890,828
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies		–		900,069		–			900,069
Bank Loans		–		4,412,078		–			4,412,078
Collateralized Loan Obligations		–		64,710,933		–			64,710,933
Equity - Linked Notes		–		–		–	***		–
Non-Agency Collateralized Mortgage Obligations		–		211,666,669		–			211,666,669
U.S. Government Bonds and Notes		–		195,682,406		–			195,682,406
Mortgage-Backed Securities		–		37,261,756		–			37,261,756
U.S. Government / Agency Mortgage Backed Securities		–		188,272,525		–			188,272,525
Short-Term Investments		47,368,923		–		–			47,368,923
Total	$	335,552,782	$	867,340,953	$	–		$	1,202,893,735

	Valuation Inputs
Other Financial Instruments**	Level 1			Level 2		Level 3		Total
Liabilities
Future Contracts	$	620,600		$	–	$	–	$	620,600
Liabilities
Future Contract		(5,640,469	)		–		–		(5,640,469	)
Total	$	408,585		$	–	$	–	$	408,585

High Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Business Development Company Notes	$	75,918	$	–	$	–	$	75,918
Closed-End Funds		2,722,369		–		–		2,722,369
Common Stocks		–		33		92,479		92,512
Convertible Corporate Bond		–		17,643		–		17,643
Bank Loans		–		7,108,432		–		7,108,432
High Yield Debt		–		41,485,597		–		41,485,597
Warrants		–		2,986		–		2,986
Short-Term Investments		2,088,116		–		–		2,088,116
Total	$	4,886,403	$	48,614,691	$	92,479	$	53,593,573

	Valuation Inputs
Other Financial Instruments**	Level 1		Level 2			Level 3		Total
Assets
Forward Foreign Currency Contracts	$	–	$	128,540		$	–	$	128,540
Liabilities
Forward Foreign Currency Contracts	$	–	$	(4,343	)	$	–	$	(4,343	)
Total	$	–	$	124,197		$	–	$	124,197

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

** Other financial instruments are derivative instruments reflected in the Summary of Investments.  Futures contracts are reported at their unrealized appreciation/depreciation.

*** Level 3 security has no value.

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, 2023		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, 2024		Net change in unrealized appreciation/(depreciation) included in the Statements of Operations attributable to Level 3 investments held at June 30, 2024
Common Stocks	$	85,342	$	-	$	-	$	-	$	7,137	$	-	$	-	$	-	$	-	$	92,479	$	7,137
	$	85,342	$	-	$	-	$	-	$	7,137	$	-	$	-	$	-	$	-	$	92,479	$	7,137

The Table below provides additional information about the Level 3 Fair Value Measurements as of June 30, 2024:

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	$92,479	Market Comparable Companies	EBITDA Multiple	5.75x-6.75x (6.25x)

^(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

On August 10, 2022 the Board approved the Adviser as each Fund's valuation designee, effective September 8, 2022, to make all fair valuation determinations with respect to each Fund's portfolio investments, subject to the Board's oversight and adopted all other updates pursuant to Rule 2a-5 under the 1940 Act. 

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.

In the ordinary course of business, the Funds may enter into transactions subject to enforceable International Swaps and Derivatives Association, Inc. (ISDA) master agreements or other similar arrangements (“netting agreements”). Generally, the right to offset in netting agreements allows each Fund to offset certain securities and derivatives with a specific counterparty, when applicable, as well as any collateral received or delivered to that counterparty based on the terms of the agreements.

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.

Futures

The Funds may invest in futures contracts in accordance with their investment objectives. The Funds may do so for a variety of reasons including for cash management, hedging or non-hedging purposes in an attempt to achieve the Funds’ investment objective. A futures contract provides for the future sale by one party and purchase by another party of a specified quantity of the security or other financial instrument at a specified price and time. A futures contract on an index is an agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the index at the close of the last trading day of the contract and the price at which the index contract was originally written. Futures transactions may result in losses in excess of the amount invested in the futures contract. There can be no guarantee that there will be a correlation between price movements in the hedging vehicle and in the portfolio securities being hedged. An incorrect correlation could result in a loss on both the hedged securities in a fund and the hedging vehicle so that the portfolio return might have been greater had hedging not been attempted. There can be no assurance that a liquid market will exist at a time when a fund seeks to close out a futures contract or a futures option position. Lack of a liquid market for any reason may prevent a fund from liquidating an unfavorable position, and the fund would remain obligated to meet margin requirements until the position is closed. In addition, a fund could be exposed to risk if the counterparties to the contracts are unable to meet the terms of their contracts. With exchange-traded futures, there is minimal counterparty credit risk to the Funds since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. The Funds are party to certain enforceable master netting arrangements, which provide for the right of offset under certain circumstances, such as the event of default.

When a purchase or sale of a futures contract is made by a fund, the fund is required to deposit with its custodian (or broker, if legally permitted) a specified amount of liquid assets (“initial margin”). The margin required for a futures contract is set by the exchange on which the contract is traded and may be modified during the term of the contract. The initial margin is in the nature of a performance bond or good faith deposit on the futures contract that is returned to the Funds upon termination of the contract, assuming all contractual obligations have been satisfied. These amounts are included in Deposits with broker for futures contracts on the Statement of Assets and Liabilities. Each day the Funds may pay or receive cash, called “variation margin,” equal to the daily change in value of the futures contract. Such payments or receipts are recorded for financial statement purposes as unrealized gains or losses by the Funds. Variation margin does not represent a borrowing or loan by the Funds but instead is a settlement between the Funds and the broker of the amount one would owe the other if the futures contract expired. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

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, 2024, 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.

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, 2024 were as follows:

Security Name	Market Value as of October 1, 2023		Purchases		Purchases In-Kind		Sales		Sales In-Kind		Liquidation/Reverse Stock Split		Change in Unrealized Gain (Loss)		Realized Gain/Loss		Market Value as of June 30, 2024		Share Balance as of June 30, 2024		Dividends		Return of Capital
RiverNorth/Oaktree High Income Fund	$	32,574,784	$	1,721,226	$	-	$	-	$	-	$	-	$	389,990	$	-	$	35,444,636		4,062,935	$	1,721,259	$	-
													$	389,990	$	-	$	35,444,636		4,062,935	$	1,721,259	$	-