| Security Description | | Principal | | | Value | |
| | | | | | | |
| CORPORATE BONDS – 34.0% | | | | | | | | |
| | | | | | | | | |
| Communication Services – 1.6% | | | | | | | | |
| | | | | | | | | |
| AT&T, Inc., 5.40%, 02/15/34 | | $ | 150,000 | | | $ | 153,929 | |
| CCO Holdings LLC / CCO Holdings Capital Corp., 4.75%, 03/01/30(1) | | | 155,000 | | | | 137,845 | |
| CSC Holdings LLC, 5.25%, 06/01/24 | | | 80,000 | | | | 79,957 | |
| DISH DBS Corp., 5.88%, 11/15/24 | | | 55,000 | | | | 51,105 | |
| DISH DBS Corp., 7.75%, 07/01/26 | | | 105,000 | | | | 61,950 | |
| Gray Television, Inc., 7.00%, 05/15/27(1) | | | 115,000 | | | | 112,541 | |
| Level 3 Financing, Inc., 3.63%, 01/15/29(1) | | | 60,000 | | | | 18,000 | |
| Millennium Escrow Corp., 6.63%, 08/01/26(1) | | | 110,000 | | | | 70,511 | |
| Rackspace Technology Global, Inc., 5.38%, 12/01/28(1) | | | 65,000 | | | | 20,363 | |
| Sprint Capital Corp., 8.75%, 03/15/32 | | | 130,000 | | | | 159,438 | |
| T-Mobile USA, Inc., 5.05%, 07/15/33 | | | 56,000 | | | | 56,086 | |
| Total Communication Services | | | | | | | 921,725 | |
| Consumer Discretionary – 2.2% | | | | | | | | |
| Carnival Corp., 7.00%, 08/15/29 (Panama)(1) | | | 15,000 | | | | 15,610 | |
| Churchill Downs, Inc., 6.75%, 05/01/31(1) | | | 65,000 | | | | 65,821 | |
| Clarios Global LP / Clarios US Finance Co., 6.75%, 05/15/28(1) | | | 10,000 | | | | 10,141 | |
| Ford Motor Co., 3.25%, 02/12/32 | | | 90,000 | | | | 74,550 | |
| Ford Motor Co., 4.75%, 01/15/43 | | | 70,000 | | | | 57,750 | |
| Meritage Homes Corp., 3.88%, 04/15/29(1) | | | 146,000 | | | | 134,613 | |
| Michaels Cos Inc. (The), 7.88%, 05/01/29(1) | | | 85,000 | | | | 54,436 | |
| Newell Brands, Inc., 6.63%, 09/15/29 | | | 111,000 | | | | 107,826 | |
| Nissan Motor Acceptance Co. LLC, 7.05%, 09/15/28(1) | | | 130,000 | | | | 136,515 | |
| NMG Holding Co., Inc. / Neiman Marcus Group LLC, 7.13%, 04/01/26(1) | | | 115,000 | | | | 112,269 | |
| PetSmart, Inc. / PetSmart Finance Corp., 7.75%, 02/15/29(1) | | | 125,000 | | | | 120,930 | |
| Prime Security Services Borrower LLC / Prime Finance, Inc., 6.25%, 01/15/28(1) | | | 75,000 | | | | 74,390 | |
| Royal Caribbean Cruises Ltd., 9.25%, 01/15/29 (Liberia)(1) | | | 4,000 | | | | 4,299 | |
| Tapestry, Inc., 7.85%, 11/27/33 | | | 135,000 | | | | 144,378 | |
| Wand Newco 3, Inc., 7.63%, 01/30/32(1) | | | 5,000 | | | | 5,167 | |
| Weekley Homes LLC / Weekley Finance Corp., 4.88%, 09/15/28(1) | | | 120,000 | | | | 111,965 | |
| Total Consumer Discretionary | | | | | | | 1,230,660 | |
| Consumer Staples – 0.4% | | | | | | | | |
| Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC, 6.63%, 07/15/30(1) | | | 50,000 | | | | 50,974 | |
| HLF Financing Sarl LLC / Herbalife International, Inc., 4.88%, 06/01/29(1) | | | 80,000 | | | | 62,589 | |
| Pilgrim's Pride Corp., 6.25%, 07/01/33 | | | 108,000 | | | | 110,385 | |
| Total Consumer Staples | | | | | | | 223,948 | |
| Energy – 4.0% | | | | | | | | |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp., 8.25%, 12/31/28(1) | | | 85,000 | | | | 86,999 | |
| CITGO Petroleum Corp., 7.00%, 06/15/25(1) | | | 120,000 | | | | 120,071 | |
| Civitas Resources, Inc., 8.75%, 07/01/31(1) | | | 75,000 | | | | 79,827 | |
| Columbia Pipelines Operating Co. LLC, 6.04%, 11/15/33(1) | | | 115,000 | | | | 120,813 | |
| Columbia Pipelines Operating Co. LLC, 6.71%, 08/15/63(1) | | | 20,000 | | | | 22,148 | |
| CrownRock LP / CrownRock Finance, Inc., 5.63%, 10/15/25(1) | | | 50,000 | | | | 49,792 | |
| CrownRock LP / CrownRock Finance, Inc., 5.00%, 05/01/29(1) | | | 50,000 | | | | 49,424 | |
| CVR Energy, Inc., 8.50%, 01/15/29(1) | | | 105,000 | | | | 105,218 | |
| DT Midstream, Inc., 4.13%, 06/15/29(1) | | | 105,000 | | | | 96,567 | |
| Energy Transfer LP, Series H, 6.50%, (US 5 Year CMT T- Note + 5.69%), perpetual(2)(3) | | | 120,000 | | | | 116,253 | |
| Flex Intermediate Holdco LLC, 3.36%, 06/30/31(1) | | | 195,000 | | | | 160,193 | |
| Genesis Energy LP / Genesis Energy Finance Corp., 8.88%, 04/15/30 | | | 49,000 | | | | 51,299 | |
| Helix Energy Solutions Group, Inc., 9.75%, 03/01/29(1) | | | 85,000 | | | | 89,247 | |
| Hilcorp Energy I LP / Hilcorp Finance Co., 5.75%, 02/01/29(1) | | | 125,000 | | | | 120,828 | |
| Kinder Morgan, Inc., Series G, 7.75%, 01/15/32 | | | 113,000 | | | | 129,347 | |
| Kodiak Gas Services LLC, 7.25%, 02/15/29(1) | | | 15,000 | | | | 15,198 | |
| Mesquite Energy, Inc., Escrow, 7.25%, perpetual(1)(3)(4) | | | 12,000 | | | | 960 | |
| Nabors Industries Ltd., 7.25%, 01/15/26 (Bermuda)(1) | | | 100,000 | | | | 97,584 | |
| Ngl Energy Operating LLC / Ngl Energy Finance Corp., 8.13%, 02/15/29(1) | | | 20,000 | | | | 20,115 | |
| Ngl Energy Operating LLC / Ngl Energy Finance Corp., 8.38%, 02/15/32(1) | | | 30,000 | | | | 30,241 | |
| Occidental Petroleum Corp., 6.13%, 01/01/31 | | | 75,000 | | | | 77,911 | |
| Transocean, Inc., 11.50%, 01/30/27 (Cayman Islands)(1) | | | 89,000 | | | | 93,071 | |
| Transocean, Inc., 8.75%, 02/15/30 (Cayman Islands)(1) | | | 71,250 | | | | 73,888 | |
| USA Compression Partners LP / USA Compression Finance Corp., 6.88%, 04/01/26 | | | 68,000 | | | | 67,679 | |
| Venture Global Calcasieu Pass LLC, 4.13%, 08/15/31(1) | | | 125,000 | | | | 110,643 | |
| Venture Global Lng, Inc., 9.88%, 02/01/32(1) | | | 135,000 | | | | 142,054 | |
| Viper Energy Partners LP, 7.38%, 11/01/31(1) | | | 15,000 | | | | 15,529 | |
| Western Midstream Operating LP, 5.25%, 02/01/50 | | | 85,000 | | | | 76,037 | |
| Total Energy | | | | | | | 2,218,936 | |
| Financials – 11.0% | | | | | | | | |
| Acrisure LLC / Acrisure Finance, Inc., 8.25%, 02/01/29(1) | | | 40,000 | | | | 40,136 | |
| Allstate Corp. (The), Series B, 8.56%, (3- Month SOFR + 3.20%), 08/15/53(2) | | | 180,000 | | | | 180,396 | |
| Security Description | | Principal | | | Value | |
| | | | | | | | | |
| CORPORATE BONDS (continued) | | | | | | | | |
| | | | | | | | | |
| Financials (continued) | | | | | | | | |
| | | | | | | | | |
| American Express Co., 5.63%, (SOFR + 1.93%), 07/28/34(2) | | $ | 115,000 | | | $ | 118,177 | |
| Bank of America Corp., 3.42%, (3-Month SOFR + 1.30%), 12/20/28(2) | | | 130,000 | | | | 122,852 | |
| Bank of America Corp., 5.02%, (SOFR + 2.16%), 07/22/33(2) | | | 155,000 | | | | 153,696 | |
| Bank of America Corp., 2.48%, (US 5 Year CMT T- Note + 1.20%), 09/21/36(2) | | | 160,000 | | | | 128,482 | |
| Bank of New York Mellon Corp. (The), Series G, 4.70%, (US 5 Year CMT T- Note + 4.36%), perpetual(2)(3) | | | 155,000 | | | | 152,710 | |
| Bank of New York Mellon Corp. (The), 5.83%, (SOFR + 2.07%), 10/25/33(2) | | | 45,000 | | | | 47,639 | |
| Blackstone Private Credit Fund, 2.63%, 12/15/26 | | | 59,000 | | | | 53,593 | |
| Blackstone Private Credit Fund, 7.30%, 11/27/28(1) | | | 25,000 | | | | 26,100 | |
| Blue Owl Credit Income Corp., 4.70%, 02/08/27 | | | 38,000 | | | | 36,365 | |
| Blue Owl Credit Income Corp., 6.65%, 03/15/31(1) | | | 15,000 | | | | 14,881 | |
| Blue Owl Finance LLC, 3.13%, 06/10/31(1) | | | 205,000 | | | | 170,531 | |
| BroadStreet Partners, Inc., 5.88%, 04/15/29(1) | | | 100,000 | | | | 94,910 | |
| Capital One Financial Corp., 2.36%, (SOFR + 1.34%), 07/29/32(2) | | | 155,000 | | | | 117,395 | |
| Capital One Financial Corp., 6.05%, (SOFR + 2.26%), 02/01/35(2) | | | 60,000 | | | | 60,998 | |
| Charles Schwab Corp. (The), Series H, 4.00%, (US 10 Year CMT T- Note + 3.08%), perpetual(2)(3) | | | 95,000 | | | | 78,983 | |
| Charles Schwab Corp. (The), 6.14%, (SOFR + 2.01%), 08/24/34(2) | | | 85,000 | | | | 89,895 | |
| Citadel LP, 4.88%, 01/15/27(1) | | | 115,000 | | | | 112,658 | |
| Citigroup, Inc., 3.98%, (3-Month SOFR + 1.60%), 03/20/30(2) | | | 125,000 | | | | 119,198 | |
| Citigroup, Inc., 6.27%, (SOFR + 2.34%), 11/17/33(2) | | | 110,000 | | | | 118,095 | |
| Citigroup, Inc., 6.17%, (SOFR + 2.66%), 05/25/34(2) | | | 147,000 | | | | 152,536 | |
| Citizens Financial Group, Inc., 5.84%, (SOFR + 2.01%), 01/23/30(2) | | | 18,000 | | | | 18,131 | |
| Corebridge Financial, Inc., 6.88%, (US 5 Year CMT T-Note + 3.85%), 12/15/52(2) | | | 164,000 | | | | 164,650 | |
| Discover Financial Services, 6.70%, 11/29/32 | | | 98,000 | | | | 102,692 | |
| Fifth Third Bancorp, 4.34%, (SOFR + 1.66%), 04/25/33(2) | | | 135,000 | | | | 124,903 | |
| First American Financial Corp., 4.00%, 05/15/30 | | | 135,000 | | | | 122,585 | |
| Global Atlantic Finance Co., 7.95%, 06/15/33(1) | | | 125,000 | | | | 139,025 | |
| Goldman Sachs Group, Inc. (The), 1.99%, (SOFR + 1.09%), 01/27/32(2) | | | 90,000 | | | | 73,296 | |
| Goldman Sachs Group, Inc. (The), 3.10%, (SOFR + 1.41%), 02/24/33(2) | | | 60,000 | | | | 51,676 | |
| Goldman Sachs Group, Inc. (The), 6.45%, 05/01/36 | | | 110,000 | | | | 120,237 | |
| Hub International Ltd., 7.38%, 01/31/32(1) | | | 15,000 | | | | 15,371 | |
| Huntington Bancshares, Inc./Oh, 2.55%, 02/04/30 | | | 125,000 | | | | 107,339 | |
| JPMorgan Chase & Co., Series HH, 4.60%, (3- Month SOFR + 3.13%), perpetual(2)(3) | | | 94,000 | | | | 91,813 | |
| JPMorgan Chase & Co., 1.95%, (SOFR + 1.07%), 02/04/32(2) | | | 110,000 | | | | 89,836 | |
| JPMorgan Chase & Co., 5.72%, (SOFR + 2.58%), 09/14/33(2) | | | 175,000 | | | | 180,433 | |
| KeyCorp, 4.79%, (SOFR + 2.06%), 06/01/33(2) | | | 100,000 | | | | 91,891 | |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.25%, 02/01/27(1) | | | 75,000 | | | | 69,517 | |
| Liberty Mutual Group, Inc., 4.13%, (US 5 Year CMT T- Note + 3.32%), 12/15/51(1)(2) | | | 55,000 | | | | 48,296 | |
| Lincoln National Corp., 7.62%, (3-Month USD LIBOR + 2.04%), 04/20/67(2) | | | 80,000 | | | | 58,000 | |
| MetLife, Inc., Series G, 3.85%, (US 5 Year CMT T- Note + 3.58%), perpetual(2)(3) | | | 160,000 | | | | 153,452 | |
| MetLife, Inc., Series D, 5.88%, (3-Month SOFR + 3.22%), perpetual(2)(3) | | | 52,000 | | | | 51,713 | |
| Midcap Financial Issuer Trust, 6.50%, 05/01/28(1) | | | 75,000 | | | | 68,561 | |
| Morgan Stanley, 6.34%, (SOFR + 2.56%), 10/18/33(2) | | | 110,000 | | | | 118,745 | |
| Morgan Stanley, 5.25%, (SOFR + 1.87%), 04/21/34(2) | | | 145,000 | | | | 145,135 | |
| Morgan Stanley, 5.95%, (US 5 Year CMT T- Note + 2.43%), 01/19/38(2) | | | 72,000 | | | | 73,552 | |
| MSCI, Inc., 3.63%, 09/01/30(1) | | | 179,000 | | | | 160,892 | |
| National Rural Utilities Cooperative Finance Corp., 8.49%, (3-Month SOFR + 3.17%), 04/30/43(2) | | | 90,000 | | | | 89,081 | |
| Nationstar Mortgage Holdings, Inc., 5.75%, 11/15/31(1) | | | 100,000 | | | | 92,296 | |
| NCR Atleos Escrow Corp., 9.50%, 04/01/29(1) | | | 77,000 | | | | 82,661 | |
| Northern Trust Corp., 6.13%, 11/02/32 | | | 150,000 | | | | 161,748 | |
| OneMain Finance Corp., 6.88%, 03/15/25 | | | 75,000 | | | | 75,341 | |
| Prudential Financial, Inc., 5.13%, (US 5 Year CMT T- Note + 3.16%), 03/01/52(2) | | | 79,000 | | | | 73,849 | |
| Prudential Financial, Inc., 6.00%, (US 5 Year CMT T- Note + 3.23%), 09/01/52(2) | | | 10,000 | | | | 9,970 | |
| State Street Corp., 4.82%, (SOFR + 1.57%), 01/26/34(2) | | | 142,000 | | | | 139,593 | |
| State Street Corp., Series I, 6.70%, (US 5 Year CMT T- Note + 2.61%), 06/15/72(2) | | | 85,000 | | | | 85,000 | |
| Synchrony Financial, 4.88%, 06/13/25 | | | 65,000 | | | | 64,115 | |
| Synchrony Financial, 3.70%, 08/04/26 | | | 30,000 | | | | 28,491 | |
| Texas Capital Bancshares, Inc., 4.00%, (US 5 Year CMT T- Note + 3.15%), 05/06/31(2) | | | 70,000 | | | | 64,538 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| CORPORATE BONDS (continued) | | | | | | | | |
| | | | | | | | | |
| Financials (continued) | | | | | | | | |
| | | | | | | | | |
| Truist Financial Corp., Series Q, 5.10%, (US 10 Year CMT T- Note + 4.35%), perpetual(2)(3) | | $ | 165,000 | | | $ | 153,022 | |
| Usi, Inc./NY, 7.50%, 01/15/32(1) | | | 15,000 | | | | 15,225 | |
| Wells Fargo & Co., Series BB, 3.90%, (US 5 Year CMT T-Note + 3.45%), perpetual(2)(3) | | | 100,000 | | | | 93,762 | |
| Wells Fargo & Co., 5.39%, (SOFR + 2.02%), 04/24/34(2) | | | 185,000 | | | | 186,731 | |
| Wells Fargo & Co., 6.49%, (SOFR + 2.06%), 10/23/34(2) | | | 55,000 | | | | 60,029 | |
| Wells Fargo & Co., Series U, 5.88%, 06/15/72(2)(5) | | | 50,000 | | | | 49,812 | |
| Total Financials | | | | | | | 6,157,231 | |
| Health Care – 4.1% | | | | | | | | |
| Adapthealth LLC, 5.13%, 03/01/30(1) | | | 145,000 | | | | 113,568 | |
| Akumin, Inc., 7.00%, 11/01/25(1)(4) | | | 145,000 | | | | 118,300 | |
| Bausch Health Cos., Inc., 6.13%, 02/01/27 | | | | | | | | |
| (Canada)(1) | | | 5,000 | | | | 3,169 | |
| Bausch Health Cos., Inc., 11.00%, 09/30/28(1) | | | 19,000 | | | | 12,973 | |
| Bausch Health Cos., Inc., 14.00%, 10/15/30(1) | | | 3,000 | | | | 1,692 | |
| Catalent Pharma Solutions, Inc., 3.50%, 04/01/30(1) | | | 140,000 | | | | 123,156 | |
| CHS/Community Health Systems, Inc., 6.88%, 04/15/29(1) | | | 25,000 | | | | 17,020 | |
| CHS/Community Health Systems, Inc., 6.13%, 04/01/30(1) | | | 30,000 | | | | 19,564 | |
| CHS/Community Health Systems, Inc., 4.75%, 02/15/31(1) | | | 165,000 | | | | 131,115 | |
| Dentsply Sirona, Inc., 3.25%, 06/01/30 | | | 260,000 | | | | 233,034 | |
| HCA, Inc., 5.50%, 06/01/33 | | | 145,000 | | | | 147,296 | |
| Illumina, Inc., 2.55%, 03/23/31 | | | 197,000 | | | | 165,009 | |
| Iqvia, Inc., 5.70%, 05/15/28(1) | | | 200,000 | | | | 203,929 | |
| Lannett Co., Inc., 7.75%, 04/15/26(1)(4)(6) | | | 10,000 | | | | 719 | |
| LifePoint Health, Inc., 9.88%, 08/15/30(1) | | | 175,000 | | | | 179,169 | |
| Medline Borrower LP, 5.25%, 10/01/29(1) | | | 80,000 | | | | 74,664 | |
| Par Pharmaceutical, Inc., 7.50%, 04/01/27(1)(4) | | | 35,000 | | | | 23,123 | |
| Surgery Center Holdings, Inc., 6.75%, 07/01/25(1) | | | 73,000 | | | | 73,177 | |
| Surgery Center Holdings, Inc., 10.00%, 04/15/27(1) | | | 21,000 | | | | 21,152 | |
| Universal Health Services, Inc., 2.65%, 01/15/32 | | | 275,000 | | | | 225,355 | |
| US Acute Care Solutions LLC, 6.38%, 03/01/26(1) | | | 90,000 | | | | 78,730 | |
| Viatris, Inc., Series WI, 2.70%, 06/22/30 | | | 215,000 | | | | 183,546 | |
| Zimmer Biomet Holdings, Inc., 3.55%, 03/20/30 | | | 165,000 | | | | 152,458 | |
| Total Health Care | | | | | | | 2,301,918 | |
| Industrials – 3.5% | | | | | | | | |
| Alaska Airlines Pass-Through Trust, Class A, Series 2020-1, 4.80%, 08/15/27(1) | | | 188,149 | | | | 184,140 | |
| Aviation Capital Group LLC, 3.50%, 11/01/27(1) | | | 76,000 | | | | 70,842 | |
| Boeing Co. (The), 5.15%, 05/01/30 | | | 55,000 | | | | 55,153 | |
| Boeing Co. (The), 5.93%, 05/01/60 | | | 123,000 | | | | 122,962 | |
| Chart Industries, Inc., 9.50%, 01/01/31(1) | | | 80,000 | | | | 85,393 | |
| Concentrix Corp., 6.65%, 08/02/26 | | | 90,000 | | | | 92,198 | |
| CoStar Group, Inc., 2.80%, 07/15/30(1) | | | 263,000 | | | | 226,124 | |
| Global Infrastructure Solutions, Inc., 7.50%, 04/15/32(1) | | | 95,000 | | | | 87,622 | |
| Hertz Corp. (The), 5.00%, 12/01/29(1) | | | 110,000 | | | | 87,024 | |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp., 5.25%, 05/15/27 | | | 90,000 | | | | 81,037 | |
| LBM Acquisition LLC, 6.25%, 01/15/29(1) | | | 130,000 | | | | 118,138 | |
| Regal Rexnord Corp., 6.40%, 04/15/33(1) | | | 160,000 | | | | 166,390 | |
| Science Applications International Corp., 4.88%, 04/01/28(1) | | | 80,000 | | | | 75,582 | |
| Sempra Global, 3.25%, 01/15/32(1) | | | 203,000 | | | | 167,045 | |
| United Airlines Pass-Through Trust, Class A, Series 2023-1, 5.80%, 01/15/36 | | | 137,000 | | | | 139,634 | |
| United Rentals North America, Inc., 3.75%, 01/15/32 | | | 105,000 | | | | 92,328 | |
| Veralto Corp., 5.45%, 09/18/33(1) | | | 120,000 | | | | 123,115 | |
| Total Industrials | | | | | | | 1,974,727 | |
| Information Technology – 1.8% | | | | | | | | |
| Booz Allen Hamilton, Inc., 3.88%, 09/01/28(1) | | | 70,000 | | | | 66,305 | |
| Booz Allen Hamilton, Inc., 4.00%, 07/01/29(1) | | | 95,000 | | | | 89,082 | |
| Commscope Technologies LLC, 6.00%, 06/15/25(1) | | | 95,000 | | | | 75,609 | |
| Consensus Cloud Solutions, Inc., 6.50%, 10/15/28(1) | | | 100,000 | | | | 89,908 | |
| Dell International LLC / EMC Corp., 8.10%, 07/15/36 | | | 87,000 | | | | 107,323 | |
| Gartner, Inc., 3.75%, 10/01/30(1) | | | 120,000 | | | | 107,463 | |
| Gtcr W-2 Merger Sub LLC, 7.50%, 01/15/31(1) | | | 95,000 | | | | 98,756 | |
| Leidos, Inc., 2.30%, 02/15/31 | | | 135,000 | | | | 112,575 | |
| Oracle Corp., 6.25%, 11/09/32 | | | 45,000 | | | | 48,556 | |
| Oracle Corp., 5.55%, 02/06/53 | | | 80,000 | | | | 79,558 | |
| Viasat, Inc., 5.63%, 09/15/25(1) | | | 115,000 | | | | 111,207 | |
| Total Information Technology | | | | | | | 986,342 | |
| Materials – 1.4% | | | | | | | | |
| Asp Unifrax Holdings, Inc., 5.25%, 09/30/28(1) | | | 190,000 | | | | 126,411 | |
| Bayport Polymers LLC, 5.14%, 04/14/32(1) | | | 80,000 | | | | 72,872 | |
| Berry Global, Inc., 5.65%, 01/15/34(1) | | | 110,000 | | | | 111,289 | |
| Illuminate Buyer LLC / Illuminate Holdings IV, Inc., 9.00%, 07/01/28(1) | | | 80,000 | | | | 78,271 | |
| LSB Industries, Inc., 6.25%, 10/15/28(1) | | | 150,000 | | | | 142,616 | |
| Mauser Packaging Solutions Holding Co., 7.88%, 08/15/26(1) | | | 20,000 | | | | 20,225 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| CORPORATE BONDS (continued) | | | | | | | | |
| | | | | | | | | |
| Materials (continued) | | | | | | | | |
| | | | | | | | | |
| Mauser Packaging Solutions Holding Co., 9.25%, 04/15/27(1) | | $ | 60,000 | | | $ | 57,991 | |
| New Enterprise Stone & Lime Co., Inc., 9.75%, 07/15/28(1) | | | 85,000 | | | | 85,858 | |
| WR Grace Holdings LLC, 5.63%, 08/15/29(1) | | | 120,000 | | | | 105,909 | |
| Total Materials | | | | | | | 801,442 | |
| Real Estate – 1.8% | | | | | | | | |
| Ashton Woods USA LLC / Ashton Woods Finance Co., 4.63%, 04/01/30(1) | | | 150,000 | | | | 135,900 | |
| EPR Properties, 4.75%, 12/15/26 | | | 100,000 | | | | 96,538 | |
| EPR Properties, 3.60%, 11/15/31 | | | 95,000 | | | | 79,517 | |
| Glp Capital LP / Glp Financing II, Inc., 6.75%, 12/01/33 | | | 70,000 | | | | 74,559 | |
| GLP Capital LP / GLP Financing II, Inc., 3.25%, 01/15/32 | | | 140,000 | | | | 117,865 | |
| MPT Operating Partnership LP / MPT Finance Corp., 3.50%, 03/15/31 | | | 100,000 | | | | 61,366 | |
| Office Properties Income Trust, 4.50%, 02/01/25 | | | 140,000 | | | | 121,473 | |
| Sabra Health Care LP, 3.20%, 12/01/31 | | | 165,000 | | | | 134,923 | |
| VICI Properties LP, 4.95%, 02/15/30 | | | 60,000 | | | | 58,212 | |
| VICI Properties LP, 5.13%, 05/15/32 | | | 115,000 | | | | 109,995 | |
| VICI Properties LP / VICI Note Co., Inc., 4.63%, 06/15/25(1) | | | 10,000 | | | | 9,859 | |
| VICI Properties LP / VICI Note Co., Inc., 4.13%, 08/15/30(1) | | | 30,000 | | | | 27,324 | |
| Total Real Estate | | | | | | | 1,027,531 | |
| Utilities – 2.2% | | | | | | | | |
| CMS Energy Corp., 4.75%, (US 5 Year CMT T- Note + 4.12%), 06/01/50(2) | | | 225,000 | | | | 204,002 | |
| Ferrellgas LP / Ferrellgas Finance Corp., 5.38%, 04/01/26(1) | | | 55,000 | | | | 54,233 | |
| Ferrellgas LP / Ferrellgas Finance Corp., 5.88%, 04/01/29(1) | | | 80,000 | | | | 78,463 | |
| KeySpan Gas East Corp., 5.99%, 03/06/33(1) | | | 151,000 | | | | 153,153 | |
| NRG Energy, Inc., 7.00%, 03/15/33(1) | | | 191,000 | | | | 201,769 | |
| Pacificorp, 5.45%, 02/15/34 | | | 50,000 | | | | 50,700 | |
| Pacificorp, 5.80%, 01/15/55 | | | 120,000 | | | | 120,402 | |
| Southern Co. (The), Series 21-A, 3.75%, (US 5 Year CMT T- Note + 2.92%), 09/15/51(2) | | | 213,000 | | | | 199,071 | |
| Sunnova Energy Corp., 5.88%, 09/01/26(1) | | | 110,000 | | | | 91,456 | |
| Vistra Corp., 8.00%, (US 5 Year CMT T- Note + 6.93%), perpetual(1)(2)(3) | | | 51,000 | | | | 50,891 | |
| Total Utilities | | | | | | | 1,204,140 | |
| Total Corporate Bonds | | | | | | | | |
| (Cost $18,891,332) | | | | | | | 19,048,600 | |
| | | | | | | | | |
| FOREIGN BONDS – 17.1% | | | | | | | | |
| | | | | | | | | |
| Basic Materials – 0.5% | | | | | | | | |
| Corp. Nacional del Cobre de Chile, 5.95%, 01/08/34 (Chile)(1) | | | 200,000 | | | | 200,443 | |
| INEOS Quattro Finance 2 PLC, 3.38%, 01/15/26 (United Kingdom)(1) | | | 81,000 | | | | 76,344 | |
| Total Basic Materials | | | | | | | 276,787 | |
| Communication Services – 0.3% | | | | | | | | |
| CT Trust, 5.13%, 02/03/32 (Guatemala)(1) | | | 200,000 | | | | 175,000 | |
| Telesat Canada / Telesat LLC, 6.50%, 10/15/27 (Canada)(1) | | | 35,000 | | | | 15,925 | |
| Total Communication Services | | | | | | | 190,925 | |
| Consumer Discretionary – 0.5% | | | | | | | | |
| Ashtead Capital, Inc., 5.50%, 08/11/32 (United Kingdom)(1) | | | 200,000 | | | | 199,052 | |
| Ontario Gaming GTA LP, 8.00%, 08/01/30 (Canada)(1) | | | 95,000 | | | | 99,097 | |
| Total Consumer Discretionary | | | | | | | 298,149 | |
| Consumer Staples – 0.8% | | | | | | | | |
| Bat Capital Corp., 7.75%, 10/19/32 (United Kingdom) | | | 135,000 | | | | 153,381 | |
| Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL, 5.25%, 04/27/29 (Guatemala)(1) | | | 95,000 | | | | 88,825 | |
| Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc., 7.00%, 12/31/27 (Canada)(1) | | | 55,000 | | | | 53,743 | |
| Sigma Holdco BV, 7.88%, 05/15/26 (Netherlands)(1) | | | 135,000 | | | | 127,424 | |
| Total Consumer Staples | | | | | | | 423,373 | |
| Energy – 2.6% | | | | | | | | |
| BP Capital Markets PLC, 4.88%, (US 5 Year CMT T- Note + 4.40%), perpetual (United Kingdom)(2)(3) | | | 230,000 | | | | 218,286 | |
| Coronado Finance Pty Ltd., 10.75%, 05/15/26 (Australia)(1) | | | 68,000 | | | | 71,508 | |
| Ecopetrol SA, 4.63%, 11/02/31 (Colombia) | | | 100,000 | | | | 82,295 | |
| Ecopetrol SA, 8.88%, 01/13/33 (Colombia) | | | 150,000 | | | | 158,978 | |
| Enbridge, Inc., 7.63%, (US 5 Year CMT T- Note + 4.42%), 01/15/83 (Canada)(2) | | | 170,000 | | | | 172,230 | |
| KazMunayGas National Co. JSC, 6.38%, 10/24/48 (Kazakhstan)(1) | | | 200,000 | | | | 184,906 | |
| Pertamina Persero PT, 2.30%, 02/09/31 (Indonesia)(1) | | | 200,000 | | | | 167,241 | |
| Petroleos Mexicanos, 6.50%, 03/13/27 (Mexico) | | | 160,000 | | | | 150,160 | |
| Security Description | | | | | Principal | | | Value | |
| | | | | | | | | | |
| FOREIGN BONDS (continued) | | | | | | | | | | | |
| | | | | | | | | | | | |
| Energy (continued) | | | | | | | | | | | |
| | | | | | | | | | | | |
| Petroleos Mexicanos, 6.70%, 02/16/32 (Mexico) | | | | | $ | 140,000 | | | $ | 113,953 | |
| Petroleos Mexicanos, 6.35%, 02/12/48 (Mexico) | | | | | | 55,000 | | | | 34,183 | |
| Petroleos Mexicanos, 7.69%, 01/23/50 (Mexico) | | | | | | 20,000 | | | | 13,980 | |
| Teine Energy Ltd., 6.88%, 04/15/29 (Canada)(1) | | | | | | 110,000 | | | | 104,753 | |
| Total Energy | | | | | | | | | | 1,472,473 | |
| Financials – 3.3% | | | | | | | | | | | |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/26 (Ireland) | | | | | | 150,000 | | | | 139,192 | |
| Allianz SE, 6.35%, (US 5 Year CMT T-Note + 3.23%), 09/06/53 (Germany)(1)(2) | | | | | | 200,000 | | | | 209,218 | |
| Ascot Group Ltd., 4.25%, 12/15/30 (Bermuda)(1) | | | | | | 45,000 | | | | 37,225 | |
| Banco Mercantil del Norte SA, 6.63%, (US 10 Year CMT T- Note + 5.03%), perpetual (Mexico)(1)(2)(3) | | | | | | 200,000 | | | | 170,000 | |
| Banco Santander Chile, 3.18%, 10/26/31 (Chile)(1) | | | | | | 150,000 | | | | 130,050 | |
| Barclays, 7.44%, (US 1 Year CMT T- Note + 3.50%), 11/02/33 (United Kingdom)(2) | | | | | | 200,000 | | | | 223,036 | |
| BBVA Bancomer SA, 5.13%, (US 5 Year CMT T-Note + 2.65%), 01/18/33 (Mexico)(1)(2) | | | | | | 200,000 | | | | 183,310 | |
| Brookfield Finance, Inc., 6.35%, 01/05/34 (Canada) | | | | | | 125,000 | | | | 134,072 | |
| Nippon Life Insurance Co., 6.25%, (US 5 Year CMT T-Note + 2.95%), 09/13/53 (Japan)(1)(2) | | | | | | 200,000 | | | | 208,861 | |
| Societe Generale SA, 6.07%, (US 1 Year CMT T- Note + 2.10%), 01/19/35 (France)(1)(2) | | | | | | 200,000 | | | | 200,913 | |
| UBS Group AG, 4.99%, (US 1 Year CMT T- Note + 2.40%), 08/05/33 (Switzerland)(1)(2) | | | | | | 220,000 | | | | 213,884 | |
| Total Financials | | | | | | | | | | 1,849,761 | |
| Government – 6.3% | | | | | | | | | | | |
| Angolan Government International Bond, 8.25%, 05/09/28 (Angola)(1) | | | | | | 200,000 | | | | 181,000 | |
| Brazil Notas Do Tesouro Nacional Serie F, Series NTNF, 10.00%, 01/01/29 (Brazil) | | BRL | | | | 430,000 | | | | 86,062 | |
| Brazilian Government International Bond, 6.00%, 10/20/33 (Brazil) | | | | | | 200,000 | | | | 197,900 | |
| Dominican Republic International Bond, 4.88%, 09/23/32 (Dominican Republic)(1) | | | | | | 325,000 | | | | 291,362 | |
| Egypt Government International Bond, 7.60%, 03/01/29 (Egypt)(1) | | | | | | 200,000 | | | | 148,000 | |
| El Salvador Government International Bond, 7.65%, 06/15/35 (El Salvador)(1) | | | | | | 95,000 | | | | 74,717 | |
| Hungary Government International Bond, 6.25%, 09/22/32 (Hungary)(1) | | | | | | 200,000 | | | | 209,300 | |
| Indonesia Government International Bond, 2.85%, 02/14/30 (Indonesia) | | | | | | 200,000 | | | | 179,522 | |
| Ivory Coast Government International Bond, 6.13%, 06/15/33 (Ivory Coast)(1) | | | | | | 200,000 | | | | 180,500 | |
| Jordan Government International Bond, 7.50%, 01/13/29 (Jordan)(1) | | | | | | 200,000 | | | | 196,750 | |
| Mexico Government International Bond, 3.50%, 02/12/34 (Mexico) | | | | | | 200,000 | | | | 167,800 | |
| Mexico Government International Bond, 6.00%, 05/07/36 (Mexico) | | | | | | 200,000 | | | | 204,043 | |
| Morocco Government International Bond, 3.00%, 12/15/32 (Morocco)(1) | | | | | | 200,000 | | | | 161,850 | |
| Republic of Ghana, 8.13%, 03/26/32 (Ghana) | | | | | | 200,000 | | | | 88,500 | |
| Republic of Poland Government International Bond, 4.88%, 10/04/33 (Poland) | | | | | | 80,000 | | | | 79,894 | |
| Republic of South Africa Government International Bond, 5.88%, 06/22/30 (South Africa) | | | | | | 200,000 | | | | 188,460 | |
| Saudi Government International Bond, 5.50%, 10/25/32 (Saudi Arabia)(1) | | | | | | 200,000 | | | | 208,263 | |
| Serbia International Bond, 6.50%, 09/26/33 (Serbia)(1) | | | | | | 200,000 | | | | 205,020 | |
| Turkey Government International Bond, 7.63%, 04/26/29 (Turkey) | | | | | | 200,000 | | | | 201,600 | |
| Turkey Government International Bond, 9.13%, 07/13/30 (Turkey) | | | | | | 200,000 | | | | 213,688 | |
| Ukraine Government International Bond, 7.75%, 09/01/26 (Ukraine)(4) | | | | | | 100,000 | | | | 26,468 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| FOREIGN BONDS (continued) | | | | | | | | |
| | | | | | | | | |
| Government (continued) | | | | | | | | |
| | | | | | | | | |
| Ukraine Government International Bond, 7.75%, 09/01/26 (Ukraine)(1)(4) | | $ | 100,000 | | | $ | 26,375 | |
| Total Government | | | | | | | 3,517,074 | |
| Health Care – 0.5% | | | | | | | | |
| Cheplapharm Arzneimittel GMBH, 5.50%, 01/15/28 (Germany)(1) | | | 190,000 | | | | 182,114 | |
| Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/01/26 (Nertherlands) | | | 70,000 | | | | 65,363 | |
| Total Health Care | | | | | | | 247,477 | |
| Industrials – 0.5% | | | | | | | | |
| Avolon Holdings Funding Ltd., 4.38%, 05/01/26 (Ireland)(1) | | | 77,000 | | | | 74,728 | |
| Gfl Environmental, Inc., 6.75%, 01/15/31 (Canada)(1) | | | 5,000 | | | | 5,120 | |
| Trivium Packaging Finance BV, 8.50%, 08/15/27 (Netherlands)(1) | | | 113,000 | | | | 110,385 | |
| VistaJet Malta Finance PLC / Vista Management Holding, Inc., 9.50%, 06/01/28 (Multinational)(1) | | | 120,000 | | | | 101,798 | |
| Total Industrials | | | | | | | 292,031 | |
| Materials – 0.7% | | | | | | | | |
| ArcelorMittal SA, 6.80%, 11/29/32 (Luxembourg) | | | 80,000 | | | | 86,090 | |
| FMG Resources August 2006 Pty Ltd., 5.88%, 04/15/30 (Australia)(1) | | | 100,000 | | | | 98,875 | |
| NOVA Chemicals Corp., 5.00%, 05/01/25 (Canada)(1) | | | 48,000 | | | | 46,849 | |
| Taseko Mines Ltd., 7.00%, 02/15/26 (Canada)(1) | | | 90,000 | | | | 88,506 | |
| Teck Resources Ltd., 6.13%, 10/01/35 (Canada) | | | 80,000 | | | | 83,705 | |
| Total Materials | | | | | | | 404,025 | |
| Real Estate – 0.3% | | | | | | | | |
| Ontario Teachers' Cadillac Fairview Properties Trust, 2.50%, 10/15/31 (Canada)(1) | | | 200,000 | | | | 161,186 | |
| Utilities – 0.8% | | | | | | | | |
| Electricite de France SA, 6.25%, 05/23/33 (France)(1) | | | 200,000 | | | | 213,368 | |
| ENEL Finance International NV, 7.50%, 10/14/32 (Italy)(1) | | | 200,000 | | | | 227,047 | |
| Total Utilities | | | | | | | 440,415 | |
| Total Foreign Bonds | | | | | | | | |
| (Cost $9,416,104) | | | | | | | 9,573,676 | |
| | | | | | | | | |
| MORTGAGE BACKED SECURITIES - 16.9% | | | | | | | | |
| | | | | | | | | |
| Asset Backed Security - 2.2% | | | | | | | | |
| Affirm Asset Securitization Trust, Class A, Series 2023-B, 6.82%, 09/15/28(1) | | | 125,000 | | | | 127,799 | |
| American Credit Acceptance Receivables Trust, Class C, Series 2024-1, 5.63%, 01/14/30(1) | | | 135,000 | | | | 135,251 | |
| Auxilior Term Funding, Class D, Series 2023- 1A, 7.27%, 12/16/30(1) | | | 90,000 | | | | 91,458 | |
| Avis Budget Rental Car Funding Aesop LLC, Class C, Series 2024-5A, 6.24%, 04/20/27(1) | | | 160,000 | | | | 160,836 | |
| Exeter Automobile Receivables Trust, Class B, Series 2023-1A, 5.72%, 04/15/27 | | | 160,000 | | | | 159,970 | |
| Five Guys Holdings, Inc., Class A2, Series 2023-1A, 7.55%, 01/26/54(1) | | | 125,000 | | | | 131,746 | |
| Mission Lane Credit Card Master Trust, Class A, Series 2023-A, 7.23%, 07/17/28(1) | | | 133,000 | | | | 134,271 | |
| Momnt Technologies Trust, Class A, Series 2023-1A, 6.92%, 03/20/45(1) | | | 150,000 | | | | 151,325 | |
| Reach ABS Trust, Class B, Series 2024-1A, 6.29%, 02/18/31(1) | | | 160,000 | | | | 161,551 | |
| Total Asset Backed Security | | | | | | | 1,254,207 | |
| Commercial Mortgage Backed Securities - 2.6% | | | | | | | | |
| BBCMS Mortgage Trust, Class A, Series 2018- TALL, 6.25%, (1-Month SOFR + 0.92%), 03/15/37(1)(2) | | | 155,000 | | | | 147,871 | |
| BPR Trust, Class A, Series 2022-OANA, 7.23%, (SOFR + 1.90%), 04/15/37(1)(2) | | | 300,000 | | | | 300,042 | |
| BX Trust, Class D, Series 2019-OC11, 4.08%, 12/09/41(1)(2)(5) | | | 85,000 | | | | 75,216 | |
| CF Hippolyta LLC, Class A1, Series 2020-1, 1.69%, 07/15/60(1) | | | 89,945 | | | | 83,919 | |
| COMM Mortgage Trust, Class A1, Series 2013-300P, 4.35%, 08/10/30(1) | | | 165,000 | | | | 156,121 | |
| COMM Mortgage Trust, Class B, Series 2020- CBM, 3.10%, 02/10/37(1) | | | 45,000 | | | | 43,045 | |
| JPMBB Commercial Mortgage Securities Trust, Class AS, Series 2014-C18, 4.44%, 02/15/47(2)(5) | | | 144,000 | | | | 143,049 | |
| MIRA Trust, Class A, Series 2023-MILE, 6.75%, 06/10/38(1) | | | 145,000 | | | | 151,516 | |
| Morgan Stanley Bank of America Merrill Lynch Trust, Class AS, Series 2015-C22, 3.56%, 04/15/48 | | | 60,000 | | | | 57,724 | |
| Thpt Mortgage Trust, Class A, Series 2023- THL, 7.23%, 12/10/34(1)(2)(5) | | | 300,000 | | | | 310,403 | |
| Total Commercial Mortgage Backed Securities | | | | | | | 1,468,906 | |
| Mortgage Backed Security - 5.0% | | | | | | | | |
| Federal Home Loan Mortgage Corporation, 6.00%, 10/01/38 | | | 181,859 | | | | 185,555 | |
| Federal Home Loan Mortgage Corporation, 5.50%, 01/01/53 | | | 232,048 | | | | 232,829 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| MORTGAGE BACKED SECURITIES (continued) | | | | | | | | |
| | | | | | | | | |
| Mortgage Backed Security (continued) | | | | | | | | |
| | | | | | | | | |
| Federal Home Loan Mortgage Corporation, 6.00%, 03/01/53 | | $ | 631,540 | | | $ | 640,517 | |
| Federal National Mortgage Association, 3.50%, 05/01/49 | | | 24,600 | | | | 22,666 | |
| Federal National Mortgage Association, 5.00%, 11/01/52 | | | 417,131 | | | | 412,409 | |
| Federal National Mortgage Association, 4.50%, 11/01/52 | | | 405,904 | | | | 392,661 | |
| Federal National Mortgage Association, 6.00%, 04/01/53 | | | 631,884 | | | | 641,245 | |
| Federal National Mortgage Association, 5.50%, 07/01/53 | | | 276,860 | | | | 277,734 | |
| Total Mortgage Backed Security | | | | | | | 2,805,616 | |
| Residential Mortgage Backed Securities - 7.1% | | | | | | | | |
| Ajax Mortgage Loan Trust, Class A1, Series 2019-D, 2.96%, 09/25/65(1)(7) | | | 50,672 | | | | 47,837 | |
| AMSR Trust, Class A, Series 2020-SFR1, 1.82%, 04/17/37(1) | | | 379,636 | | | | 364,302 | |
| AMSR Trust, Class D, Series 2021-SFR3, 2.18%, 10/17/38(1) | | | 100,000 | | | | 90,744 | |
| Angel Oak Mortgage Trust, Class A1, Series 2023-1, 4.75%, 09/26/67(1)(7) | | | 92,758 | | | | 91,130 | |
| Arroyo Mortgage Trust, Class A1, Series 2019- 1, 3.81%, 01/25/49(1)(2)(5) | | | 112,308 | | | | 107,194 | |
| Arroyo Mortgage Trust, Class A1, Series 2019- 2, 3.35%, 04/25/49(1)(2)(5) | | | 99,230 | | | | 93,575 | |
| CAFL Issuer LLC, Class A1, Series 2021- RTL1, 2.24%, 03/28/29(1)(7) | | | 100,000 | | | | 95,170 | |
| CIM Trust, Class A1, Series 2022-R2, 3.75%, 12/25/61(1)(2)(5) | | | 241,183 | | | | 229,495 | |
| CSMC Trust, Class A1, Series 2020-RPL4, 2.00%, 01/25/60(1)(2)(5) | | | 96,418 | | | | 86,144 | |
| Deephaven Residential Mortgage Trust, Class A1, Series 2022-1, 2.21%, 01/25/67(1)(2)(5) | | | 77,366 | | | | 70,193 | |
| Ellington Financial Mortgage Trust, Class A1, Series 2022-1, 2.21%, 01/25/67(1)(2)(5) | | | 123,535 | | | | 106,762 | |
| GCAT Trust, Class A1, Series 2020-NQM1, 2.25%, 01/25/60(1)(7) | | | 332,642 | | | | 317,847 | |
| INTOWN Mortgage Trust, Class A, Series 2022-STAY, 7.82%, (SOFR + 2.49%), 08/15/39(1)(2) | | | 159,000 | | | | 159,987 | |
| MetLife Securitization Trust, Class A1A, Series 2019-1A, 3.75%, 04/25/58(1)(2)(5) | | | 97,470 | | | | 95,024 | |
| Mill City Mortgage Loan Trust, Class B1, Series 2017-3, 3.25%, 01/25/61(1)(2)(5) | | | 97,839 | | | | 84,271 | |
| New Residential Mortgage Loan Trust, Class A1, Series 2016-1A, 3.75%, 03/25/56(1)(2)(5) | | | 36,188 | | | | 34,078 | |
| New Residential Mortgage Loan Trust, Class A3, Series 2017-2A, 4.00%, 03/25/57(1)(2)(5) | | | 458,438 | | | | 435,566 | |
| New Residential Mortgage Loan Trust, Class M2, Series 2019-RPL2, 3.75%, 02/25/59(1)(2)(5) | | | 100,000 | | | | 87,255 | |
| RCKT Mortgage Trust, Class A1A, Series 2023-CES1, 6.52%, 06/25/43(1)(2)(5) | | | 149,296 | | | | 150,653 | |
| Sequoia Mortgage Trust, Class B1, Series 2013-8, 3.48%, 06/25/43(2)(5) | | | 53,118 | | | | 50,937 | |
| Starwood Mortgage Residential Trust, Class A1, Series 2020-1, 2.28%, 02/25/50(1)(2)(5) | | | 42,644 | | | | 40,108 | |
| Towd Point Mortgage Trust, Class A2, Series 2017-1, 3.50%, 10/25/56(1)(2)(5) | | | 100,000 | | | | 98,070 | |
| Towd Point Mortgage Trust, Class A2, Series 2017-4, 3.00%, 06/25/57(1)(2)(5) | | | 225,000 | | | | 206,758 | |
| Towd Point Mortgage Trust, Class A2, Series 2018-6, 3.75%, 03/25/58(1)(2)(5) | | | 100,000 | | | | 89,890 | |
| Towd Point Mortgage Trust, Class A2, Series 2021-1, 2.75%, 11/25/61(1)(2)(5) | | | 100,000 | | | | 81,949 | |
| Verus Securitization Trust, Class A1, Series 2022-4, 4.47%, 04/25/67(1)(7) | | | 78,400 | | | | 77,395 | |
| Verus Securitization Trust, Class A1, Series 2022-5, 3.80%, 04/25/67(1)(7) | | | 92,854 | | | | 87,945 | |
| Verus Securitization Trust, Class A1, Series 2022-6, 4.91%, 06/25/67(1)(7) | | | 118,383 | | | | 117,233 | |
| Verus Securitization Trust, Class A1, Series 2022-7, 5.15%, 07/25/67(1)(7) | | | 86,229 | | | | 86,573 | |
| Visio Trust, Class A1, Series 2019-2, 2.72%, 11/25/54(1)(2)(5) | | | 222,475 | | | | 212,576 | |
| Visio Trust, Class A2, Series 2022-1, 5.85%, 08/25/57(1)(7) | | | 82,990 | | | | 82,681 | |
| Total Residential Mortgage Backed Securities | | | | | | | 3,979,342 | |
| Total Mortgage Backed Securities | | | | | | | | |
| (Cost $9,515,052) | | | | | | | 9,508,071 | |
| | | | | | | | | |
| TERM LOANS – 13.7% | | | | | | | | |
| | | | | | | | | |
| Aerospace – 0.9% | | | | | | | | |
| Amentum Government Services Holdings LLC, 9.34%, (1-Month SOFR + 4.00%), 02/10/29(2) | | | 14,775 | | | | 14,803 | |
| Brown Group Holding, LLC, 8.18%, (SOFR + 2.85%), 06/07/28(2) | | | 85,989 | | | | 85,516 | |
| Dynasty Acquisition Co, Inc., 9.33%, (1-Month SOFR + 4.00%), 08/16/28(2) | | | 51,612 | | | | 51,709 | |
| Dynasty Acquisition Co, Inc., 9.33%, (1-Month SOFR + 4.00%), 08/16/28(2) | | | 22,119 | | | | 22,161 | |
| Kestrel BidCo, Inc., 8.44%, (1-Month SOFR + 3.10%), 12/11/26(2) | | | 79,587 | | | | 79,570 | |
| Mileage Plus Holdings LLC, 10.77%, (3- Month SOFR + 5.40%), 06/21/27(2) | | | 21,000 | | | | 21,672 | |
| Peraton Corp., 9.18%, (SOFR + 3.85%), 02/01/28(2) | | | 167,871 | | | | 167,895 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| TERM LOANS (continued) | | | | | | | | |
| | | | | | | | | |
| Aerospace (continued) | | | | | | | | |
| | | | | | | | | |
| Tran, 8.60%, (3-Month SOFR + 3.25%), 08/24/28(2) | | $ | 74,580 | | | $ | 74,739 | |
| Total Aerospace | | | | | | | 518,065 | |
| Chemicals – 0.4% | | | | | | | | |
| LSF11 A5 Holdco LLC, 9.68%, (1-Month SOFR + 4.35%), 10/15/28(2) | | | 59,700 | | | | 59,775 | |
| Lummus Technology Holdings V LLC, 0.00%, (SOFR + 0.00%), 06/30/27(8) | | | 45,000 | | | | 45,034 | |
| Nouryon Finance BV, 9.47%, (3-Month SOFR + 4.10%), 10/19/28(2) | | | 54,862 | | | | 54,902 | |
| Windsor Holdings III LLC, 9.85%, (1-Month SOFR + 4.50%), 06/21/30(2) | | | 49,875 | | | | 50,007 | |
| Total Chemicals | | | | | | | 209,718 | |
| Communications – 0.2% | | | | | | | | |
| CSC Holdings LLC, 0.00%, (SOFR + 0.00%), 01/17/28(8) | | | 105,000 | | | | 102,780 | |
| Planet US Buyer LLC, 0.00%, (SOFR + 0.00%), 01/31/31(8) | | | 30,000 | | | | 29,925 | |
| Total Communications | | | | | | | 132,705 | |
| Consumer Non-Durables – 0.4% | | | | | | | | |
| DS Parent, Inc., 11.21%, (6-Month SOFR + 5.75%), 12/10/28(2) | | | 22,500 | | | | 21,881 | |
| DS Parent, Inc., 10.81%, (2-Month SOFR + 5.50%), 12/13/30(2) | | | 60,000 | | | | 59,100 | |
| Kronos Acquisition Holdings Inc., 9.36%, (3- Month SOFR + 4.01%), 12/22/26(2) | | | 119,079 | | | | 119,266 | |
| Total Consumer Non-Durables | | | | | | | 200,247 | |
| Energy – 0.6% | | | | | | | | |
| Freeport LNG Investments, 9.08%, (3-Month SOFR + 3.76%), 11/17/28(2) | | | 89,311 | | | | 88,502 | |
| Gip Pilot Acquisition Partners, L.P., 8.33%, (3-Month SOFR + 3.00%), 09/15/30(2) | | | 15,000 | | | | 15,031 | |
| Hamilton Projects Acquiror LLC, 9.95%, (1-Month SOFR + 4.61%), 06/17/27(2) | | | 19,269 | | | | 19,306 | |
| Medallion Midland Acquisition LP, 8.86%, (3-Month SOFR + 3.50%), 10/18/28(2) | | | 29,248 | | | | 29,404 | |
| Oryx Midstream Services Permian Basin, LLC, 8.71%, (1-Month SOFR + 3.36%), 10/05/28(2) | | | 58,516 | | | | 58,502 | |
| Traverse Midstream, 8.82%, (3-Month SOFR + 3.50%), 02/12/28(2) | | | 105,000 | | | | 105,328 | |
| Total Energy | | | | | | | 316,073 | |
| Financials – 0.4% | | | | | | | | |
| Acrisure LLC, 9.15%, (3-Month USD LIBOR + 3.50%), 02/15/27(2) | | | 49,870 | | | | 49,742 | |
| Acrisure LLC, 9.89%, (SOFR + 4.50%), 10/20/30(2) | | | 35,000 | | | | 35,175 | |
| AssuredPartners, Inc., 8.95%, (1-Month SOFR + 3.61%), 02/13/27(2) | | | 49,870 | | | | 49,789 | |
| AssuredPartners, Inc., 9.08%, (1-Month SOFR + 3.75%), 02/13/27(2) | | | 9,971 | | | | 9,972 | |
| Asurion LLC, 8.70%, (SOFR + 3.36%), 07/31/27(2) | | | 24,226 | | | | 23,906 | |
| Blackhawk Network Holdings, Inc., 8.14%, (3-Month SOFR + 2.75%), 06/15/25(2) | | | 54,092 | | | | 54,074 | |
| Total Financials | | | | | | | 222,658 | |
| Food and Drug – 0.1% | | | | | | | | |
| Chobani LLC, 9.08%, (1-Month SOFR + 3.75%), 10/25/27(2) | | | 30,000 | | | | 30,066 | |
| Shearer's Foods LLC, 0.00%, (SOFR + 0.00%), 01/31/31(8) | | | 35,000 | | | | 34,650 | |
| Total Food and Drug | | | | | | | 64,716 | |
| Food/Tobacco – 1.1% | | | | | | | | |
| Del Monte Foods, Inc., 9.68%, (1-Month SOFR + 4.35%), 05/15/29(2) | | | 104,209 | | | | 93,419 | |
| Froneri US, Inc., 7.68%, (1-Month SOFR + 2.25%), 01/29/27(2) | | | 82,113 | | | | 82,099 | |
| Pegasus Bidco BV, 9.63%, (3-Month SOFR + 4.25%), 07/12/29(2) | | | 84,299 | | | | 84,573 | |
| Shearer's Foods LLC, 8.95%, (SOFR + 3.50%), 09/23/27(2) | | | 53,816 | | | | 53,887 | |
| Sigma Bidco BV, 0.00%, (SOFR + 0.00%), 01/02/28(8) | | | 80,000 | | | | 79,600 | |
| Triton Water Holdings, Inc., 0.00%, (SOFR + 0.00%), 03/31/28(8) | | | 30,000 | | | | 29,550 | |
| Triton Water Holdings, Inc., 8.86%, (SOFR + 3.51%), 03/31/28(2) | | | 79,085 | | | | 77,899 | |
| Tropicana (Naked Juice LLC), 8.70%, (3-Month SOFR + 3.35%), 01/19/29(2) | | | 124,055 | | | | 117,749 | |
| Total Food/Tobacco | | | | | | | 618,776 | |
| Forest Prod/Containers – 0.5% | | | | | | | | |
| Clydesdale Acquisition Holdings Inc., 0.00%, (SOFR + 0.00%), 04/13/29(8) | | | 100,000 | | | | 99,484 | |
| Kloeckner Pentaplast of America, Inc., 10.48%, (SOFR + 4.98%), 02/12/26(2) | | | 67,342 | | | | 64,951 | |
| Mauser Packaging Solutions Holding Co., 9.35%, (1-Month SOFR + 4.00%), 08/31/26(2) | | | 34,738 | | | | 34,839 | |
| TricorBraun Holdings, Inc., 8.70%, (1-Month SOFR + 3.25%), 01/29/28(2) | | | 93,728 | | | | 92,124 | |
| Total Forest Prod/Containers | | | | | | | 291,398 | |
| Gaming/Leisure – 0.5% | | | | | | | | |
| Caesars Entertainment, Inc., 0.00%, (SOFR + 0.00%), 02/03/31(8) | | | 20,000 | | | | 19,988 | |
| ECL Entertainment LLC, 10.08%, (3-Month SOFR + 4.75%), 08/16/30(2) | | | 59,850 | | | | 60,059 | |
| J&J Ventures Gaming, LLC, 9.61%, (SOFR + 4.26%), 04/26/28(2) | | | 19,501 | | | | 19,196 | |
| Merlin Buyer, Inc, 0.00%, (SOFR + 0.00%), 11/30/29(8) | | | 40,000 | | | | 39,775 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| TERM LOANS (continued) | | | | | | | | |
| | | | | | | | | |
| Gaming/Leisure (continued) | | | | | | | | |
| | | | | | | | | |
| One Toronto Gaming, 9.60%, (3-Month SOFR + 4.25%), 07/20/30(2) | | $ | 25,000 | | | $ | 25,063 | |
| Raptor Acquisition Corp., 9.63%, (3-Month SOFR + 4.26%), 11/01/26(2) | | | 9,850 | | | | 9,874 | |
| Scientific Games Holdings LP, 8.58%, (3-Month SOFR + 3.25%), 02/04/29(2) | | | 84,359 | | | | 83,797 | |
| Total Gaming/Leisure | | | | | | | 257,752 | |
| Health Care – 1.4% | | | | | | | | |
| Bausch & Lomb Corporation, 9.33%, (1-Month SOFR + 4.00%), 09/14/28(2) | | | 44,888 | | | | 44,158 | |
| Catalent Pharma Solutions, Inc., 8.33%, (1-Month SOFR + 3.00%), 02/22/28(2) | | | 5,000 | | | | 5,000 | |
| CHG Healthcare Services, Inc., 8.70%, (1-Month SOFR + 3.36%), 09/22/28(2) | | | 58,238 | | | | 58,125 | |
| Ensemble RCM LLC, 0.00%, (SOFR + 0.00%), 01/18/29(8) | | | 10,000 | | | | 10,001 | |
| Hunter US Bidco, Inc., 9.70%, (3-Month SOFR + 4.35%), 08/19/28(2) | | | 15,797 | | | | 15,790 | |
| Milano Acquisition Corp., 9.45%, (3-Month SOFR + 4.10%), 10/01/27(2) | | | 33,937 | | | | 33,072 | |
| Mozart Borrower LP, 8.45%, (1-Month SOFR + 3.11%), 10/23/28(2) | | | 133,304 | | | | 133,227 | |
| Packaging Coordinators Midco, Inc., 0.00%, (SOFR + 0.00%), 11/30/27(8) | | | 30,000 | | | | 29,944 | |
| Packaging Coordinators Midco, Inc., 9.11%, (SOFR + 3.76%), 11/30/27(2) | | | 53,708 | | | | 53,607 | |
| Phoenix Guarantor, Inc., 8.70%, (1-Month SOFR + 3.36%), 03/05/26(2) | | | 38,496 | | | | 38,428 | |
| Phoenix Newco, Inc., 0.00%, (SOFR + 0.00%), 08/11/28(8) | | | 10,000 | | | | 9,985 | |
| Phoenix Newco, Inc., 8.70%, (1-Month SOFR + 3.36%), 08/11/28(2) | | | 30,509 | | | | 30,465 | |
| Southern Veterinary Partners LLC, 9.45%, (1-Month SOFR + 4.00%), 10/05/27(2) | | | 44,884 | | | | 44,849 | |
| Star Parent, Inc., 9.35%, (1-Month SOFR + 4.00%), 09/19/30(2) | | | 80,000 | | | | 78,250 | |
| Sunshine Luxembourg VII Sarl, 8.95%, (SOFR + 3.60%), 10/01/26(2) | | | 103,899 | | | | 104,079 | |
| Upstream Newco, Inc., 9.70%, (3-Month SOFR + 4.25%), 11/20/26(2) | | | 21,938 | | | | 20,749 | |
| Viant Medical Holdings, Inc., 9.20%, (1-Month SOFR + 3.86%), 07/02/25(2) | | | 93,027 | | | | 92,620 | |
| Total Health Care | | | | | | | 802,349 | |
| Housing – 0.4% | | | | | | | | |
| Chariot Buyer LLC, 8.68%, (1-Month SOFR + 3.25%), 10/22/28(2) | | | 40,436 | | | | 40,046 | |
| Chariot Buyer LLC, 0.00%, (SOFR + 0.00%), 11/03/28(8) | | | 45,000 | | | | 44,803 | |
| Hunter Douglas Holding BV, 8.88%, (3-Month SOFR + 3.50%), 02/09/29(2) | | | 54,861 | | | | 54,067 | |
| SRS Distribution, Inc., 8.71%, (1-Month SOFR + 3.35%), 06/02/28(2) | | | 4,900 | | | | 4,880 | |
| SRS Distribution, Inc., 8.95%, (1-Month SOFR + 3.61%), 06/02/28(2) | | | 108,422 | | | | 107,993 | |
| Total Housing | | | | | | | 251,789 | |
| Information Technology – 2.1% | | | | | | | | |
| Ahead DB Holdings LLC, 0.00%, (SOFR + 0.00%), 01/24/31(8) | | | 25,000 | | | | 24,969 | |
| Applied Systems, 9.85%, (3-Month SOFR + 4.50%), 09/19/26(2) | | | 178,650 | | | | 179,365 | |
| Applied Systems, 12.10%, (3-Month SOFR + 6.75%), 09/19/27(2) | | | 29,460 | | | | 29,644 | |
| Barracuda Parent LLC, 9.81%, (3-Month SOFR + 4.50%), 08/15/29(2) | | | 83,409 | | | | 81,181 | |
| BMC Software (Boxer/ Bladelogic), 0.00%, (SOFR + 0.00%), 12/02/28(8) | | | 5,000 | | | | 5,013 | |
| BMC Software (Boxer/ Bladelogic), 9.58%, (1-Month SOFR + 4.25%), 12/02/28(2) | | | 15,000 | | | | 15,037 | |
| Central Parent, Inc., 9.35%, (3-Month SOFR + 4.00%), 07/06/29(2) | | | 108,404 | | | | 108,743 | |
| ConnectWise LLC, 8.96%, (1-Month SOFR + 3.61%), 09/24/28(2) | | | 39,200 | | | | 39,215 | |
| Epicor Software Corp, 9.08%, (1-Month SOFR + 3.75%), 07/30/27(2) | | | 5,000 | | | | 5,036 | |
| Epicor Software Corp., 8.70%, (1-Month SOFR + 3.36%), 07/30/27(2) | | | 33,688 | | | | 33,749 | |
| Indicor LLC, 9.35%, (3-Month SOFR + 4.00%), 11/22/29(2) | | | 89,326 | | | | 89,486 | |
| Infinite Bidco LLC, 9.32%, (3-Month SOFR + 3.75%), 03/02/28(2) | | | 80,000 | | | | 77,700 | |
| Ncr Atleos, LLC, 10.18%, (1-Month SOFR + 4.85%), 03/22/29(2) | | | 55,000 | | | | 55,069 | |
| Polaris Newco LLC, 9.57%, (1-Month SOFR + 4.26%), 06/02/28(2) | | | 64,669 | | | | 63,214 | |
| Project Ruby Ultimate Parent Corp., 0.00%, (SOFR + 0.00%), 03/10/28(8) | | | 15,000 | | | | 14,963 | |
| Project Ruby Ultimate Parent Corp., 8.70%, (SOFR + 3.36%), 03/10/28(2) | | | 29,175 | | | | 29,058 | |
| Proofpoint, Inc., 8.70%, (1-Month SOFR + 3.36%), 06/09/28(2) | | | 29,400 | | | | 29,242 | |
| RealPage, Inc., 8.45%, (1-Month SOFR + 3.11%), 04/24/28(2) | | | 34,139 | | | | 33,466 | |
| SOFTWARE AG/MOSEL, 10.10%, (3-Month SOFR + 4.75%), 08/01/30(2) | | | 37,000 | | | | 37,046 | |
| Sophia LP, 8.93%, (1-Month SOFR + 3.60%), 10/07/27(2) | | | 24,254 | | | | 24,250 | |
| UKG, Inc., 8.68%, (3-Month SOFR + 3.35%), 05/04/26(2) | | | 141,503 | | | | 141,723 | |
| WORLDPAY, 0.00%, (SOFR + 0.00%), 09/20/30(8) | | | 35,000 | | | | 35,047 | |
| Total Information Technology | | | | | | | 1,152,216 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| TERM LOANS (continued) | | | | | | | | |
| | | | | | | | | |
| Manufacturing – 1.1% | | | | | | | | |
| Alliance Laundry Systems LLC, 8.93%, (SOFR + 3.60%), 10/08/27(2) | | $ | 31,068 | | | $ | 31,105 | |
| Arcline FM Holdings LLC, 10.36%, (3-Month SOFR + 5.01%), 06/23/28(2) | | | 128,062 | | | | 127,925 | |
| Arcline FM Holdings LLC, 13.86%, (3-Month SOFR + 8.51%), 06/15/29(2) | | | 15,000 | | | | 14,597 | |
| Chart Industries, Inc, 8.70%, (1-Month SOFR + 3.35%), 03/17/30(2) | | | 54,672 | | | | 54,815 | |
| CPM Holdings, Inc, 9.85%, (1-Month SOFR + 4.50%), 09/21/28(2) | | | 69,000 | | | | 69,115 | |
| Filtration Group Corp., 8.95%, (1-Month SOFR + 3.61%), 10/19/28(2) | | | 106,831 | | | | 106,945 | |
| Madison IAQ LLC, 8.70%, (1-Month SOFR + 3.36%), 06/21/28(2) | | | 39,441 | | | | 39,197 | |
| Safe Fleet Holdings LLC, 9.19%, (1-Month SOFR + 3.85%), 02/17/29(2) | | | 118,369 | | | | 118,674 | |
| Star US Bidco LLC, 9.68%, (1-Month SOFR + 4.35%), 03/17/27(2) | | | 46,995 | | | | 47,124 | |
| Total Manufacturing | | | | | | | 609,497 | |
| Media/Telecom - Broadcasting – 0.4% | | | | | | | | |
| Gray Television, Inc., 8.47%, (1-Month SOFR + 3.11%), 12/01/28(2) | | | 50,000 | | | | 49,692 | |
| Terrier Media Buyer, Inc., 8.95%, (3-Month SOFR + 3.60%), 12/17/26(2) | | | 89,615 | | | | 83,496 | |
| Univision Comm (fka Umbrella), 8.70%, (1-Month SOFR + 3.36%), 03/15/26(2) | | | 114,122 | | | | 114,173 | |
| Total Media/Telecom - Broadcasting | | | | | | | 247,361 | |
| Media/Telecom - Cable/Wireless Video – 0.3% | | | | | | | | |
| Directv Financing LLC, 10.83%, (3-Month SOFR + 5.25%), 08/02/29(2) | | | 115,336 | | | | 115,432 | |
| Eagle Broadband Investments LLC, 8.61%, (3-Month SOFR + 3.26%), 11/12/27(2) | | | 59,694 | | | | 58,730 | |
| Total Media/Telecom - Cable/Wireless Video | | | | | | | 174,162 | |
| Media/Telecom - Diversified Media – 0.4% | | | | | | | | |
| Century DE Buyer LLC, 9.32%, (3-Month SOFR + 4.00%), 09/21/30(2) | | | 42,000 | | | | 42,101 | |
| McGraw-Hill Education, Inc., 10.20%, (1-Month SOFR + 4.86%), 07/28/28(2) | | | 23,460 | | | | 23,365 | |
| MH Sub I LLC, 0.00%, (SOFR + 0.00%), 04/25/28(8) | | | 50,000 | | | | 49,051 | |
| MH Sub I LLC, 9.61%, (1-Month SOFR + 4.25%), 04/25/28(2) | | | 20,000 | | | | 19,620 | |
| Neilson Holdings, 10.42%, (3-Month SOFR + 5.10%), 04/11/29(2) | | | 124,063 | | | | 114,299 | |
| Total Media/Telecom - Diversified Media | | | | | | | 248,436 | |
| Media/Telecom - Telecommunications – 0.3% | | | | | | | | |
| Altice France SA/France, 9.26%, (SOFR + 3.69%), 01/31/26(2) | | | 28,788 | | | | 28,267 | |
| Cincinnati Bell, Inc., 8.68%, (1-Month SOFR + 3.35%), 11/17/28(2) | | | 75,000 | | | | 74,235 | |
| Numericable U.S. LLC, 8.32%, (3-Month SOFR + 2.75%), 06/22/25(2) | | | 59,699 | | | | 58,989 | |
| Total Media/Telecom - Telecommunications | | | | | | | 161,491 | |
| Media/Telecom - Wireless Communications – 0.1% | | | | | | | | |
| Viasat, Inc., 0.00%, (SOFR + 0.00%), 02/23/29(8) | | | 25,000 | | | | 24,658 | |
| Viasat, Inc., 9.83%, (1-Month SOFR + 4.50%), 02/23/29(2) | | | 49,873 | | | | 49,192 | |
| Total Media/Telecom - Wireless Communications | | | | | | | 73,850 | |
| Metals/Minerals – 0.2% | | | | | | | | |
| Covia Holdings LLC, 9.59%, (3-Month SOFR + 4.26%), 07/31/26(2) | | | 95,000 | | | | 94,822 | |
| | | | | | | | | |
| Retail – 0.2% | | | | | | | | |
| EG America LLC, 11.29%, (SOFR + 5.93%), 02/07/28(2) | | | 55,000 | | | | 54,003 | |
| PetSmart, Inc., 9.18%, (SOFR + 3.85%), 02/11/28(2) | | | 53,225 | | | | 53,054 | |
| Total Retail | | | | | | | 107,057 | |
| Service – 1.4% | | | | | | | | |
| Ascend Learning LLC, 0.00%, (SOFR + 0.00%), 12/11/28(8) | | | 75,000 | | | | 73,646 | |
| Brightview Landscapes LLC, 8.31%, (3-Month SOFR + 3.25%), 04/07/29(2) | | | 73,877 | | | | 73,988 | |
| DG Investment Intermediate Holdings 2, Inc, 10.08%, (1-Month SOFR + 4.75%), 03/31/28(2) | | | 64,673 | | | | 64,430 | |
| DXP Enterprises, Inc., 10.29%, (6-Month SOFR + 4.85%), 10/06/30(2) | | | 39,900 | | | | 40,062 | |
| Garda World Security Corp., 9.72%, (3-Month SOFR + 4.35%), 10/30/26(2) | | | 10,000 | | | | 10,027 | |
| Garda World Security Corp., 0.00%, (SOFR + 0.00%), 02/01/29(8) | | | 70,000 | | | | 70,142 | |
| Hertz Corp. (The), 0.00%, (SOFR + 0.00%), 06/30/28(8) | | | 75,000 | | | | 74,684 | |
| Kindercare (Kuehg Corp.), 10.35%, (3-Month SOFR + 5.00%), 05/23/30(2) | | | 79,800 | | | | 79,985 | |
| Titan Acquisition Ltd. / Titan Co.-Borrower LLC, 8.45%, (1-Month SOFR + 3.00%), 03/15/25 (Canada)(2) | | | 79,788 | | | | 79,778 | |
| TMF Sapphire, 9.33%, (3-Month SOFR + 4.00%), 05/03/28(2) | | | 35,000 | | | | 35,263 | |
| University Support Services LLC, 8.68%, (1-Month SOFR + 3.35%), 06/29/28(2) | | | 125,440 | | | | 124,938 | |
| Win Waste Innovations Holdings, Inc., 8.20%, (1-Month SOFR + 2.75%), 03/24/28(2) | | | 54,859 | | | | 50,756 | |
| Total Service | | | | | | | 777,699 | |
| Security Description | | Principal | | | Value | |
| | | | | | | |
| TERM LOANS (continued) | | | | | | | | |
| | | | | | | | | |
| Transportation - Automotive – 0.2% | | | | | | | | |
| American Axle, 8.94%, (3-Month SOFR + 3.60%), 12/06/29(2) | | $ | 47,196 | | | $ | 47,285 | |
| Clarios Global LP / Clarios US Finance Co., 8.33%, (1-Month SOFR + 3.00%), 05/06/30(2) | | | 29,925 | | | | 29,981 | |
| PAI Holdco, Inc., 9.32%, (3-Month SOFR + 3.75%), 10/28/27(2) | | | 44,206 | | | | 42,128 | |
| Total Transportation - Automotive | | | | | | | 119,394 | |
| Utilities – 0.1% | | | | | | | | |
| Generation Bridge Northeast LLC, 9.58%, (1-Month SOFR + 4.25%), 08/03/29(2) | | | 24,459 | | | | 24,602 | |
| NGL Energy Operating LLC, 0.00%, (SOFR + 0.00%), 01/27/31(8) | | | 25,000 | | | | 24,992 | |
| Total Utilities | | | | | | | 49,594 | |
| Total Term Loans | | | | | | | | |
| (Cost $7,632,838) | | | | | | | 7,701,825 | |
| | | | | | | | | |
| U.S. GOVERNMENT SECURITIES – 10.1% | | | | | | | | |
| U.S. Treasury Bill | | | | | | | | |
| 5.53%, 02/29/24(9) | | | 310,000 | | | | 308,733 | |
| U.S. Treasury Bond | | | | | | | | |
| 1.88%, 11/15/51 | | | 1,005,000 | | | | 614,463 | |
| 3.63%, 05/15/53 | | | 735,000 | | | | 660,639 | |
| 4.75%, 11/15/53 | | | 370,000 | | | | 404,052 | |
| U.S. Treasury Note | | | | | | | | |
| 2.50%, 04/30/24 | | | 245,000 | | | | 243,309 | |
| 1.00%, 12/15/24 | | | 1,040,000 | | | | 1,006,202 | |
| 0.88%, 06/30/26 | | | 265,000 | | | | 245,746 | |
| 4.38%, 08/15/26 | | | 215,000 | | | | 216,533 | |
| 1.38%, 12/31/28 | | | 285,000 | | | | 253,349 | |
| 3.38%, 05/15/33 | | | 1,820,000 | | | | 1,739,948 | |
| | | | | | | | | |
| Total U.S. Government Securities | | | | | | | | |
| (Cost $5,482,965) | | | | | | | 5,692,974 | |
| | | | | | | | | |
| ASSET BACKED SECURITIES – 5.9% | | | | | | | | |
| ACHV ABS Trust, Class B, Series 2023-1PL, 6.80%, 03/18/30(1) | | | 101,349 | | | | 101,503 | |
| Affirm Asset Securitization Trust, Class 1A, Series 2022-A, 4.30%, 05/17/27(1) | | | 70,000 | | | | 69,366 | |
| Applebee's Funding LLC / Ihop Funding LLC, Class A2, Series 2023-1A, 7.82%, 03/05/53(1) | | | 109,000 | | | | 113,403 | |
| Aqua Finance Trust, Class A, Series 2017-A, 3.72%, 11/15/35(1) | | | 16,114 | | | | 16,039 | |
| Avant Credit Card Master Trust, Class A, Series 2021-1A, 1.37%, 04/15/27(1) | | | 50,000 | | | | 48,306 | |
| Carvana Auto Receivables Trust, Class E, Series 2019-3A, 4.60%, 07/15/26(1) | | | 42,125 | | | | 41,875 | |
| Conn Funding II LP, Class B, Series 2022-A, 9.52%, 12/15/26(1) | | | 25,214 | | | | 25,284 | |
| CPS Auto Receivables Trust, Class D, Series 2022-D, 8.73%, 01/16/29(1) | | | 100,000 | | | | 106,132 | |
| CPS Auto Receivables Trust, Class E, Series 2019-D, 3.86%, 10/15/25(1) | | | 38,343 | | | | 38,169 | |
| Dext ABS LLC, Class A2, Series 2023-1, 5.99%, 03/15/32(1) | | | 115,000 | | | | 114,482 | |
| DT Auto Owner Trust, Class D, Series 2023- 1A, 6.44%, 11/15/28(1) | | | 155,000 | | | | 155,681 | |
| Encina Equipment Finance LLC, Class B, Series 2022-1A, 5.15%, 01/16/29(1) | | | 100,000 | | | | 98,398 | |
| Exeter Automobile Receivables Trust, Class E, Series 2019-2A, 4.68%, 05/15/26(1) | | | 55,000 | | | | 54,874 | |
| FAT Brands Royalty LLC, Class A2, Series 2021-1A, 4.75%, 04/25/51(1) | | | 49,500 | | | | 47,351 | |
| FHF Trust, Class A2, Series 2023-1A, 6.57%, 06/15/28(1) | | | 106,848 | | | | 106,614 | |
| GLS Auto Receivables Issuer Trust, Class D, Series 2022-2A, 6.15%, 04/17/28(1) | | | 65,000 | | | | 65,154 | |
| Hardee's Funding LLC, Class A2, Series 2020-1A, 3.98%, 12/20/50(1) | | | 238,620 | | | | 213,197 | |
| Hertz Vehicle Financing III LLC, Class C, Series 2022-1A, 2.63%, 06/25/26(1) | | | 170,000 | | | | 162,514 | |
| Hertz Vehicle Financing LLC, Class D, Series 2022-4A, 6.56%, 09/25/26(1) | | | 65,000 | | | | 63,354 | |
| Hotwire Funding LLC, Class C, Series 2021-1, 4.46%, 11/20/51(1) | | | 65,000 | | | | 55,474 | |
| Jack in the Box Funding LLC, Class A2I, Series 2022-1A, 3.45%, 02/26/52(1) | | | 197,825 | | | | 184,161 | |
| LAD Auto Receivables Trust, Class D, Series 2021-1A, 3.99%, 11/15/29(1) | | | 55,000 | | | | 52,721 | |
| LAD Auto Receivables Trust, Class D, Series 2023-2A, 6.30%, 02/15/31(1) | | | 135,000 | | | | 134,987 | |
| Lendbuzz Securitization Trust, Class A2, Series 2023-2A, 7.09%, 10/16/28(1) | | | 123,720 | | | | 124,778 | |
| Lobel Automobile Receivables Trust, Class B, Series 2023-1, 7.05%, 09/15/28(1) | | | 160,000 | | | | 159,389 | |
| MAPS Trust, Class A, Series 2021-1A, 2.52%, 06/15/46(1) | | | 22,519 | | | | 20,212 | |
| MVW Owner Trust, Class A, Series 2019-1A, 2.89%, 11/20/36(1) | | | 17,043 | | | | 16,460 | |
| NMEF Funding LLC, Class B, Series 2021-A, 1.85%, 12/15/27(1) | | | 26,616 | | | | 26,387 | |
| Octane Receivables Trust, Class B, Series 2020-1A, 1.98%, 06/20/25(1) | | | 14,048 | | | | 14,015 | |
| OneMain Direct Auto Receivables Trust, Class C, Series 2022-1A, 5.31%, 06/14/29(1) | | | 55,000 | | | | 54,169 | |
| Oportun Funding LLC, Class A, Series 2022-1, 3.25%, 06/15/29(1) | | | 2,427 | | | | 2,422 | |
| Santander Drive Auto Receivables Trust, Class C, Series 2022-5, 4.74%, 10/16/28 | | | 100,000 | | | | 99,201 | |
| Taco Bell Funding LLC, Class A23, Series 2016-1A, 4.97%, 05/25/46(1) | | | 72,188 | | | | 71,187 | |
| Tesla Auto Lease Trust, Class B, Series 2023-A, 6.41%, 07/20/27(1) | | | 147,000 | | | | 148,911 | |
| TRP LLC, Class A, Series 2021-1, 2.07%, 06/19/51(1) | | | 65,545 | | | | 58,702 | |
| United Auto Credit Securitization Trust, Class C, Series 2023-1, 6.28%, 07/10/28(1) | | | 203,000 | | | | 202,816 | |
The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 includes unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes valuation of the Fund’s investments under the fair value hierarchy levels as of January 31, 2024.
Management has determined that the amount of Level 3 securities compared to total net assets is not material; therefore, the rollforward of Level 3 securities and assumptions are not shown for the period ended January 31, 2024.
