Principal
Value
U.S.
Treasury
Bills
–
91.3%
U.S.
Cash
Management
Bill,
4.59%,
4/17/2023(a)
....................................
$
63,500,000
$
63,388,258
U.S.
Treasury
Bill,
5.25%,
9/7/2023(a)(b)(c)
.........................................
128,200,000
125,595,318
Total
U.S.
Treasury
Bills
(Cost
$188,764,467)
.....................................................
188,983,576
Shares
Exchange-Traded
Funds
–
18.6%
iShares
iBonds
Dec
2023
Term
Corporate
ETF
......................................
775,000
19,522,250
iShares
iBonds
Dec
2024
Term
Corporate
ETF
......................................
775,000
19,057,250
Total
Exchange-Traded
Funds
(Cost
$38,614,530)
.................................................
38,579,500
Principal
U.S.
Government
Obligations
–
0.0%†
U.S.
Treasury
Note,
2.88%,
6/15/2025(c)
(Cost
$96,343)
..............................................................
$
100,000
97,611
Number
of
Contracts
Notional
Amount
Purchased
Options
–
0.5%
Calls
–
Exchange-Traded
–
0.5%
Chicago
Board
Options,
May
Strike
Price
$60,
Expires
5/17/23
...........
19,443
116,658,000
349,974
Chicago
Board
Options,
November
Strike
Price
$20,
Expires
11/15/23
.....
1,000
2,000,000
600,000
949,974
Total
Purchased
Options
(Cost
$1,539,071)
.........................................................
949,974
Total
Investments
–
110.4%
(Cost
$229,014,411)
.........................................................................
$
228,610,661
Liabilities
in
Excess
of
Other
Assets
–
(10.4)%
......................................................
(21,602,427)
Net
Assets
–
100.0%
..........................................................................
$
207,008,234
Number
of
Contracts
Notional
Amount
Written
Option
–
(0.1)%
Calls
–
Exchange-Traded
–
(0.1)%
Chicago
Board
Options,
November
Strike
Price
$30,
Expires
11/15/23
(Premiums
Received
$294,471)
..................................
(1,000)
(3,000,000)
$
(288,500)
†
Less
than
0.05%
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
(b)
Security,
or
a
portion
thereof,
in
the
amount
of
$57,601,186
has
been
pledged
as
collateral
for
reverse
repurchase
agreements
as
of
March
31,
2023.
(c)
Securities
with
an
aggregate
market
value
of
$2,056,910
have
been
pledged
as
collateral
for
options
as
of
March
31,
2023.
