Neuberger Berman Strategic Income Fund NCSRS Certified semi-annual shareholder report (management investment company)

As filed with the Securities and Exchange Commission on June 30, 2021

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-03802

NEUBERGER BERMAN INCOME FUNDS

(Exact Name of Registrant as specified in charter)

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, New York 10104-0002

(Address of Principal Executive Offices – Zip Code)

Registrant's telephone number, including area code: (212) 476-8800

Joseph V. Amato

Chief Executive Officer and President

Neuberger Berman Income Funds

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas
New York, New York 10104-0002

Arthur C. Delibert, Esq.

K&L Gates LLP

1601 K Street, N.W.

Washington, D.C. 20006-1600

(Names and Addresses of agents for service)

Date of fiscal year end: October 31

Date of reporting period: April 30, 2021

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940, as amended (“Act”) (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Report to Shareholders.

Following is a copy of the semi-annual report transmitted to shareholders pursuant to Rule 30e-1 under the Act.

Neuberger Berman
Income Funds

Investor Class Shares
Trust Class Shares
Institutional Class Shares

Core Bond Fund

Emerging Markets Debt Fund

Floating Rate Income Fund

High Income Bond Fund

Municipal High Income Fund

Class A Shares
Class C Shares
Class R3 Shares
Class R6 Shares

Municipal Impact Fund

Municipal Intermediate Bond Fund

Short Duration Bond Fund

Strategic Income Fund

Semi-Annual Report

April 30, 2021

As permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of the Fund's annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund's website www.nb.com/fundliterature, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by calling 800.877.9700 or by sending an e-mail request to fundinfo@nb.com.

You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the Fund, you can call 800.877.9700 or send an email request to fundinfo@nb.com to inform the Fund that you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the fund complex if you invest directly with the Fund.

Contents

THE FUNDS

President's Letter

PORTFOLIO COMMENTARY

Core Bond Fund					2
Emerging Markets Debt Fund					4
Floating Rate Income Fund					7
High Income Bond Fund					9
Municipal High Income Fund					11
Municipal Impact Fund					13
Municipal Intermediate Bond Fund					15
Short Duration Bond Fund					17
Strategic Income Fund					19
FUND EXPENSE INFORMATION					26
LEGEND					29

SCHEDULE OF INVESTMENTS

Core Bond Fund					30
Emerging Markets Debt Fund					42
Positions by Industry					61
Floating Rate Income Fund					72
Positions by Country					85
High Income Bond Fund					89
Positions by Country					103
Municipal High Income Fund					105
Municipal Impact Fund					116
Municipal Intermediate Bond Fund					123
Short Duration Bond Fund					133
Positions by Country					140
Strategic Income Fund					142
Positions by Country					183

FINANCIAL STATEMENTS

196

FINANCIAL HIGHLIGHTS (ALL CLASSES)

Core Bond Fund					240
Emerging Markets Debt Fund					242
Floating Rate Income Fund					244
High Income Bond Fund					244
Municipal High Income Fund					248
Municipal Impact Fund					250
Municipal Intermediate Bond Fund					250
Short Duration Bond Fund					252
Strategic Income Fund					256
Directory					262
Proxy Voting Policies and Procedures					263
Quarterly Portfolio Schedule					263

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund names in this piece are either service marks or registered service marks of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA. ^_©2021 Neuberger Berman BD LLC, distributor. All rights reserved.

President's Letter

Dear Shareholder,

I am pleased to present this semi-annual shareholder report for the Neuberger Berman Income Funds covering the six-month period ended April 30, 2021 (the reporting period).

Following the severe downturn triggered by the COVID-19 pandemic, the U.S. economy has rebounded and triggered hopes for a sustained recovery. News of several highly effective vaccines buoyed investor sentiment in late 2020. This, coupled with the resolution of the November elections, further boosted optimism for the economy. Many data points, including gross domestic product, unemployment and manufacturing have shown significant improvement since the economy's trough in the second quarter of 2020.

U.S. fiscal and monetary policy remained highly accommodative over the reporting period. In terms of fiscal stimulus, the U.S. government passed a $900 billion package in late 2020, followed by a $1.9 trillion package in the first quarter of 2021. Toward the end of the reporting period, President Biden delivered an address to a joint session of Congress where he laid out his vision for future legislation, including a sweeping infrastructure plan and an "American Families Plan" aimed at improving education and family-related benefits. As it relates to monetary policy, the U.S. Federal Reserve Board maintained the federal funds rate in a range between 0.00% and 0.25% and continued its quantitative easing program. Further, the Federal Open Market Committee continued to assess inflation against its newly implemented average inflation targeting framework, affording greater leniency for periods of higher inflation.

Turning to the bond market, short-term Treasury yields were essentially pinned over the period given the aforementioned accommodative monetary policy, whereas longer-term rates rose on optimism over fiscal stimulus and the pace of economic recovery. Meanwhile, credit spreads, which widened sharply at the onset of the pandemic, steadily tightened over the reporting period. Against this backdrop, the overall investment-grade taxable bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, delivered a negative total return for the reporting period.

Looking ahead, we believe the fixed income market environment is evolving—a trend we anticipate to continue in the coming years. In particular, we anticipate continued monetary and fiscal accommodation; which in turn, we believe should lead to higher growth-rates over the near term. Should our base case scenario play out, fixed income investors may encounter higher real yields and increased inflation and should consider to plan accordingly. Finally, it's worth highlighting the risk of increasing global divergences. We believe Europe and certain emerging market countries may lag in the coming global recovery, particularly versus the U.S. and China. We believe this may result in a more disjointed yield environment globally than has been typical over the past few years and create opportunities for global investors.

Neuberger Berman continues to monitor the ongoing developments related to COVID-19 with a particular focus on two areas: the safety and health of its employees and clients, and the ability to continue to conduct effectively its investment and business operations, including all critical services. Neuberger Berman has a dedicated Business Continuity Management team staffed with full-time professionals, who partner with over 60 Business Continuity Coordinators covering all business functions across all geographies. Neuberger Berman currently has not experienced a significant impact on its operating model and will continue to monitor the potential long-term implications for global economies. Neuberger Berman will remain flexible and look to adapt, as necessary, the firm's operations and processes to most effectively manage portfolios.

Thank you for your support and trust. We look forward to continue serving your investment needs in the years to come.

Sincerely,

JOSEPH V. AMATO
PRESIDENT AND CEO
NEUBERGER BERMAN INCOME FUNDS

Core Bond Fund Commentary

Neuberger Berman Core Bond Fund Institutional Class delivered a 0.27% total return for the six-month period ended April 30, 2021 (the reporting period) and outperformed its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index (the Index), which saw a -1.52% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

U.S. rates moved higher and the yield curve steepened over the reporting period, particularly during the first quarter of 2021. Accommodative monetary policy kept short-term yields largely pinned, while longer-term rates rose on optimism over fiscal support and a faster-than-anticipated economic recovery. U.S. credit spreads continued to tighten over the reporting period, supported by improving corporate fundamentals, encouraging earnings, positive vaccine progress and fiscal stimulus. Against this improving economic backdrop, monetary and fiscal authorities continued to underscore the importance of remaining accommodative to aid a full and expeditious recovery.

Security selection within U.S. investment-grade credit was the main driver of the Fund's relative outperformance over the reporting period, as credit spreads continued to tighten off their COVID-19 crisis wide levels. Exposure to Treasury Inflation-Protected Securities (TIPS) and diversified exposures across securitized sectors, namely credit-risk transfer securities and commercial mortgage-backed securities, were other notable contributors over the reporting period. Active duration positioning further aided relative outperformance. Security selection within U.S. agency mortgage-backed securities modestly detracted from relative returns. However, this was more than offset by the Fund's overweight positioning to the U.S. investment-grade credit sector over the period.

The Fund's use of futures contracts contributed positively to performance during the reporting period.

There were several adjustments made to the Fund during the reporting period. After maintaining a modest duration underweight relative to the Index at the onset of the rate sell-off in the first quarter of 2021, the Fund moved toward neutral positioning to close the quarter as rates approached what we viewed to be fair value. Similarly, we reduced the Fund's exposure to TIPS as inflation expectations, as measured by the 10-year breakeven rate, approached our target level toward the end of the reporting period. In terms of investment-grade credit positioning, we continued to selectively trim exposure during the reporting period to the benefit of the Fund as spreads tightened throughout the period.

We believe the backdrop for fixed income investing is quickly changing and investors need to position for a different and more complex environment. In our view, this is not a temporary shift, but likely the beginning of a multiyear transition to a different fixed income world. In this new environment, we anticipate continued aggressive monetary accommodation, coordinated with aggressive fiscal spending across a range of key economies, to drive substantially higher growth rates over the near term. We believe that for fixed income investors, it means a transition to higher real yields as global growth improves. In our view, we also anticipate a transition to a higher realized and expected inflation environment as we believe that demand-side and supply-side factors are pointing toward higher inflation. But perhaps the most significant recent change is credible central bank shifts toward conducting policy explicitly to achieve this outcome. In our view, investors should consider positioning not just for an upward trajectory in inflation, but sustained inflation at modestly higher levels.

Sincerely,

THANOS BARDAS, DAVID M. BROWN, NATHAN KUSH AND BRAD TANK
PORTFOLIO MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

Core Bond Fund

TICKER SYMBOLS

Investor Class				NCRIX
Institutional Class				NCRLX
Class A				NCRAX
Class C				NCRCX
Class R6				NRCRX

PORTFOLIO BY INVESTMENT TYPE

(as a % of Total Net Assets)
Asset-Backed Securities	4.2	%
Corporate Bonds	27.3
Foreign Government Securities	0.4
Mortgage-Backed Securities	39.3
U.S. Government Agency Securities	0.6
U.S. Treasury Obligations	36.6
Short-Term Investments	3.7
Liabilities Less Other Assets	(12.1	)*
Total	100.0	%

* Includes the impact of the Fund's open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS^2,18

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			10 Years			Life of Fund
At NAV
Investor Class³	02/01/1997		0.07	%		3.08	%		3.30	%		3.16	%		4.70	%
Institutional Class³	10/01/1995		0.27	%		3.59	%		3.73	%		3.58	%		5.10	%
Class A⁴	12/20/2007		0.07	%		3.18	%		3.32	%		3.16	%		4.87	%
Class C⁴	12/20/2007		-0.30	%		2.41	%		2.53	%		2.40	%		4.47	%
Class R6⁴	01/18/2019		0.32	%		3.69	%		3.78	%		3.61	%		5.11	%
With Sales Charge
Class A⁴			-4.15	%		-1.25	%		2.43	%		2.71	%		4.70	%
Class C⁴			-1.27	%		1.42	%		2.53	%		2.40	%		4.47	%
Index
Bloomberg Barclays U.S. Aggregate Bond Index^1,14			-1.52	%		-0.27	%		3.19	%		3.39	%		5.10	%

The performance data quoted represent past performance and do not indicate future results. Current performance may be lower or higher than the performance data quoted. For current performance data, including current to the most recent month-end, please visit www.nb.com/performance.

The results shown in the table reflect the reinvestment of income dividends and other distributions, if any. The results do not reflect the effect of taxes a shareholder would pay on Fund distributions or on the redemption of Fund shares.

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

Returns would have been lower if Neuberger Berman Investment Advisers LLC ("NBIA") had not reimbursed certain expenses and/or waived a portion of the investment management fees during certain of the periods shown. Repayment by a class (of expenses previously reimbursed and/or fees previously waived by NBIA) will decrease the class's returns. Please see Note B in the Notes to Financial Statements for specific information regarding expense reimbursement and/or fee waiver arrangements.

For the period ended April 30, 2021, the 30-day SEC yields were 1.60%, 1.99%, 1.59%, 0.85% and 2.09% for Investor Class, Institutional Class, Class A, Class C and Class R6 shares, respectively. Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 1.51%, 1.95%, 1.58%, 0.82% and 2.05% for Investor Class, Institutional Class, Class A, Class C and Class R6 shares, respectively.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 0.97%, 0.45%, 0.83%, 1.58% and 0.35% for Investor Class, Institutional Class, Class A, Class C and Class R6 shares, respectively (before expense reimbursements and/or fee waivers, if any, and after restatement). The expense ratios for fiscal year 2020 were 0.79%, 0.39%, 0.79%, 1.54% and 0.29% for Investor Class, Institutional Class, Class A, Class C and Class R6 shares, respectively, after expense reimbursements and/or fee waivers and restatement. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Returns shown with a sales charge reflect the deduction of the current maximum initial sales charge of 4.25% for Class A shares and the contingent deferred sales charge (CDSC) for Class C shares. The CDSC for Class C shares is 1.00%, which is reduced to 0% after 1 year. The performance of the Fund's share classes will differ primarily due to different sales charge structures and class expenses. Please see the prospectus for more information about sales charge structures, if any, and class expenses for your share class.

Emerging Markets Debt Fund Commentary

Neuberger Berman Emerging Markets Debt Fund Institutional Class generated a 4.99% total return for the six-month period ended April 30, 2021 (the reporting period) and outperformed its benchmark, a blend consisting of 50% J.P. Morgan Government Bond Index—Emerging Markets Global Diversified, 25% J.P. Morgan Emerging Markets Bond Index—Global Diversified, and 25% J.P. Morgan Corporate Emerging Markets Bond Index—Diversified (the Index), which delivered a 3.85% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

The reporting period started off very strong for emerging markets (EM) debt, as the asset class rallied amidst positive vaccine news and strong commodity prices in the last quarter of 2020. During the first quarter of 2021, some of those gains were reversed as a sharp move higher in U.S. Treasury yields led to negative spillover effects on EM debt and currencies. As U.S. rates stabilized in April and the global economic recovery continued to gather pace, the asset class ended the reporting period on a strong footing, rebounding in April. The hard currency sovereign debt index delivered a 3.26% total return, the corporate debt index delivered 3.70%, and the local currency index returned 4.17%.

The Fund outperformed the Index driven by bottom-up positioning while tactical asset allocation was slightly negative. Bottom-up relative performance was positive across hard currency, local currency and corporates. In hard currency, outperformance was driven by overweights across a number of high yield countries including Angola, Costa Rica, Ukraine, Sri Lanka, Azerbaijan and Ivory Coast. Meanwhile, the overweight in Romania and underweight in Turkey versus the Index detracted. The local currency part of the portfolio outperformed mainly due to local rates positioning, driven by duration underweights in Turkey, Poland and Peru, as well as an overweight in South Africa and instrument selection in Mexico and Brazil. Positioning across EM currencies was positive as well, driven by overweights in the Russian ruble and Chilean peso versus the Index while the overweight in the Brazilian real and underweight in the South African rand detracted. In the corporate space, the outperformance was driven mainly by security selection in Brazil and India, while the overweight and security selection in China detracted.

The contribution from tactical allocation was slightly negative over the reporting period, driven by the underweight corporates versus sovereigns and by the underweight spread duration. This was partly offset by a positive contribution from an underweight U.S. Treasury duration in an environment of rising yields.

Over the reporting period there were a number of changes across the Fund. In terms of tactical asset allocation, we closed our underweight in corporates versus sovereigns given the more positive outlook on the former in a rising rates environment, due to its lower duration, as well as the improving corporate fundamentals and our low default expectations. Within hard currency, we added exposure to Peru, reducing our underweight, following the spread widening on the back of the political uncertainty around the elections in April. We also added exposure to select frontier countries including Ghana, Ivory Coast and Senegal. We reduced exposure to Colombia on downgrade risk to below investment grade, switching exposure to Panama. We also reduced exposure to Russia early in the reporting period as yields had tightened and sanction risks remained a concern. In corporate positioning, we added exposure to investment grade issuers in the UAE, to banks and mining companies in Peru and to the gaming sector in Macau, which we believe is set to benefit from reopening of economies and travel in Asia. In the below investment-grade space, we added exposure to corporates in Ukraine and Nigeria mainly. Meanwhile we reduced exposure in China, across select real estate companies and as we exited from companies targeted by sanctions which were announced by the United States in November 2020. On the local currency side, we added to EM foreign currency risk on the back of our more constructive outlook for emerging currencies. In particular, we added to Asian currencies which in our view should benefit from the improved backdrop for global trade such as the Korean won and Taiwan dollar, as well as to select commodity sensitive currencies. Meanwhile, we went from overweight to underweight local rates duration, reducing exposure to lower-yielding markets with increased downside risks from the reflationary environment such as Poland and South Korea, whilst maintaining select overweights in higher-yielding markets with very steep curves.

The Fund's aggregate use of futures, forward foreign currency and swap contracts contributed positively to performance during the reporting period.

Global growth expectations remain upbeat for 2021, and we believe EM are likely to benefit from the ongoing cyclical recovery underway, as reflected in both manufacturing data and commodity prices. We anticipate data to improve from here thanks to ongoing fiscal support and vaccine developments. Against this backdrop, we remain constructive on the prospects for the asset class and on the medium-term outlook for EM currencies, as it is our belief that they should benefit in our central scenario of EM growth recovery, with improving terms of trade supporting commodity currencies in particular. Meanwhile we have become more selective in local rates, considering the more reflationary backdrop and spillovers from rising developed markets interest rates. We favor duration exposure in countries where we believe significant rate hikes have already been priced in or which are experiencing a shallower recovery, while maintaining underweights in a number of low yielders.

We believe an overshoot of U.S. interest rates is a potential tail risk for the asset class, though our base case is for a more gradual rise in rates in the coming quarters which in our view is unlikely to prove overly disruptive for funding conditions and spread returns in EM. In the corporate space, we expect earnings before interest, taxes, depreciation, and amortization for EM corporates to rebound and company leverage metrics to improve. In our view, EM high yield corporate defaults are likely to remain contained going forward and we anticipate a default rate of 2.9% for 2021 which is in line with the 10-year average for the asset class. We see valuations for local currencies and rates as attractive, while for EM hard currency sovereign and corporate bonds spreads we see spreads within the fair value range in aggregate but still attractive relative to the developed markets.

Sincerely,

ROB DRIJKONINGEN, GORKY URQUIETA, BART VAN DER MADE, RAOUL LUTTIK,
JENNIFER GORGOLL, VERA KARTSEVA AND NISH POPAT
PORTFOLIO CO-MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

Emerging Markets Debt Fund

TICKER SYMBOLS

Institutional Class				NERIX
Class A				NERAX
Class C				NERCX

PERFORMANCE HIGHLIGHTS

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			Life of Fund
At NAV
Institutional Class	09/27/2013		4.99	%		16.84	%		4.29	%		2.99	%
Class A	09/27/2013		4.81	%		16.26	%		3.88	%		2.60	%
Class C	09/27/2013		4.41	%		15.54	%		3.13	%		1.85	%
With Sales Charge
Class A			0.39	%		11.37	%		2.98	%		2.02	%
Class C			3.41	%		14.54	%		3.13	%		1.85	%
Index
Blended Benchmark*^1,14			3.85	%		13.07	%		4.36	%		3.16	%

* Blended benchmark is composed of 50% J.P. Morgan Government Bond Index (GBI)—Emerging Markets Global Diversified, 25% J.P. Morgan Emerging Markets Bond Index (EMBI)—Global Diversified, and 25% J.P. Morgan Corporate Emerging Markets Bond Index (CEMBI)—Diversified, and is rebalanced monthly.

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 3.95%, 3.58% and 2.83% for Institutional Class, Class A and Class C shares, respectively. Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 3.80%, 3.38% and 2.67% for Institutional Class, Class A and Class C shares, respectively.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 1.02%, 1.42% and 2.16% for Institutional Class, Class A and Class C shares, respectively (before expense reimbursements and/or fee waivers, if any). The expense ratios were 0.79%, 1.16% and 1.91% for Institutional Class, Class A and Class C shares, respectively, after expense reimbursements and/or fee waivers. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Floating Rate Income Fund Commentary

Neuberger Berman Floating Rate Income Fund Institutional Class generated a 5.73% total return for the six-month period ended April 30, 2021 (the reporting period) and underperformed its benchmark, the S&P/LSTA Leveraged Loan Index (the Index), which provided a 5.99% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

The senior floating rate bank loan market, as measured by the Index, generated a positive return and outperformed longer-duration, lower-yielding fixed income sectors during the reporting period, as U.S. Treasury yields moved higher. This was primarily driven by the rollout of COVID-19 vaccines, improving economic data and an uptick in inflation expectations. Despite this improving economic backdrop, the U.S. Federal Reserve Board continued to indicate that it planned to maintain highly accommodative monetary policy. Credit spreads, which substantially widened at the onset of the pandemic, tightened over the reporting period. Dispersion in returns across credit quality and between distressed and non-distressed was also a feature of the bank loan market over the reporting period. While we did shift the positioning to reflect the new credit cycle and declining default trends, most of the distressed and lower quality issuers do not meet our disciplined credit underwriting standards.

The Fund tactically adjusted its position in non-floating rate securities during the period. We have the flexibility to allocate up to 20% of the portfolio to these securities, and usually utilize fixed-rate senior bonds. Relative value between floating rate loans and fixed-rate bonds fluctuated during the period given the decline in volatility and increased focus on duration risk. Against this backdrop, the Fund's non-floating rate allocation ended the reporting period at approximately 3.4% of net assets compared to 7.5% of net assets at the beginning of the reporting period.

In terms of the Fund's credit quality, security selection within non-rated, security selection within and an underweight to issuers rated BB versus the Index, and an underweight to and security selection within issuers rated BBB and above added the most to relative returns. Conversely, security selection within issuers rated CCC and below and BBB and above detracted from results.

The Fund's use of swap contracts contributed positively to performance during the reporting period.

From a sector perspective, security selection within broadcast radio & TV, an overweight to and security selection within oil & gas, and security selection within financial intermediaries (collateralized loan obligations) were the primary contributors to returns. In contrast, security selection within business equipment & services, security selection within and an underweight to leisure and security selection within and an overweight to telecommunications were the largest detractors from performance.

We believe yields on senior floating rate loans offer attractive valuations, durable income and are more than compensating investors for what we see as a benign default outlook. The economic recovery is now confirmed by recent data and we anticipate it to be on an improving trajectory which continues to be supportive of issuer fundamentals. In our view, continued progress on vaccinations, combined with significant consumer pent-up demand for travel, leisure and services, businesses rebuilding inventories, rehiring plus accommodative monetary and fiscal policy, should continue to support economic activity going forward. While any interruptions in COVID-19 vaccine delivery or an increase in cases could result in pockets of short-term volatility, we believe our bottom-up, fundamental credit research focused on individual credit selection while seeking to avoid defaults and credit deterioration and putting only our "best ideas" into portfolios, position us well to take advantage of any volatility.

Sincerely,

JOSEPH P. LYNCH AND STEPHEN J. CASEY
PORTFOLIO MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

The loan ratings noted above represent segments of the S&P/LSTA Leveraged Loan Index, which are determined based on the ratings issued by S&P Global.

Floating Rate Income Fund

TICKER SYMBOLS

Institutional Class				NFIIX
Class A				NFIAX
Class C				NFICX

PORTFOLIO BY MATURITY DISTRIBUTION

*(as a % of Total Investments)**
Less than One Year	0.6	%
One to less than Five Years	37.8
Five to less than Ten Years	59.2
Ten Years or Greater	1.8
N/A**	0.6
Total	100.0	%

* Does not include Short-Term Investments or the impact of the Fund's open positions in derivatives, if any.

** Common stock

PERFORMANCE HIGHLIGHTS

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			10 Years			Life of Fund
At NAV
Institutional Class⁵	12/30/2009		5.73	%		16.69	%		4.32	%		3.89	%		4.34	%
Class A	12/29/2009		5.54	%		16.26	%		3.94	%		3.51	%		3.95	%
Class C⁵	12/30/2009		5.15	%		15.40	%		3.17	%		2.74	%		3.19	%
With Sales Charge
Class A			1.02	%		11.27	%		3.05	%		3.06	%		3.55	%
Class C⁵			4.15	%		14.40	%		3.17	%		2.74	%		3.19	%
Index
S&P/LSTA Leveraged
Loan Index^1,14			5.99	%		16.10	%		4.98	%		4.24	%		4.93	%

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 3.34%, 2.97% and 2.22% for Institutional Class, Class A and Class C shares, respectively. Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 3.20%, 2.81% and 2.07% for Institutional Class, Class A and Class C shares, respectively.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 0.84%, 1.24% and 1.96% for Institutional Class, Class A and Class C shares, respectively (before expense reimbursements and/or fee waivers, if any, and after restatement). The expense ratios were 0.61%, 0.98% and 1.73% for Institutional Class, Class A and Class C shares, respectively, after expense reimbursements and/or fee waivers and restatement. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

High Income Bond Fund Commentary

Neuberger Berman High Income Bond Fund Investor Class generated a 7.85% total return for the six-month period ended April 30, 2021 (the reporting period) and underperformed its benchmark, the ICE BofA U.S. High Yield Constrained Index (the Index), which provided an 8.13% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

The overall high yield market, as measured by the Index, generated a positive return and outperformed the overall investment-grade fixed income market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, during the reporting period, as U.S. Treasury yields moved higher. This was primarily driven by the rollout of COVID-19 vaccines, improving economic data and an uptick in inflation expectations. Despite this improving economic backdrop, the U.S. Federal Reserve Board continued to indicate that it planned to maintain a highly accommodative monetary policy. Credit spreads, which substantially widened at the onset of the pandemic, tightened over the reporting period. Dispersion in returns across credit quality and between distressed and non-distressed was also a feature of the high yield market over the period. While we did shift the positioning to reflect the new credit cycle and declining default trends, many of the distressed issuers do not meet our disciplined credit underwriting standards.

From a sector perspective, security selection within and an underweight to health care versus the Index, security selection within and an overweight to gas distribution, and security selection within diversified financial services were the top contributors to performance. In contrast, security selection within and an underweight to energy, security selection within aerospace & defense, and security selection within theaters & entertainment detracted the most from results.

In terms of the Fund's credit quality, security selection within BB, an overweight to CCC and below versus the Index, security selection within B, and an overweight to non-rated issuers contributed the most to performance. Conversely, security selection within CCC and below, security selection within non-rated, and an overweight to issuers rated B were the primary detractors.

The Fund's use of swap contracts contributed positively to performance during the reporting period.

As it became increasingly clear that there would be a successful vaccination plan and expectations for growth improved, we selectively increased the Fund's exposure to securities rated CCC and below and B. As credit spreads narrowed, especially in the higher quality segments, in part on expectations for some issuers to be upgraded, we also decreased the Fund's exposure to securities rated BB on relative valuation considerations.

High yield spreads tightened over the reporting period and we believe valuations are more than compensating investors for what we see as a benign default outlook. The economic recovery is now confirmed by recent data and we anticipate it to be on an improving trajectory, which continues to be supportive of issuer fundamentals. In our view, continued progress on vaccinations, combined with significant consumer pent-up demand for travel, leisure and services, businesses rebuilding inventories, rehiring plus accommodative monetary and fiscal policy, should continue to support economic activity going forward. While any interruptions in COVID-19 vaccine delivery or an increase in cases could result in pockets of short-term volatility, we believe our bottom-up, fundamental credit research focused on individual credit selection while seeking to avoid defaults and credit deterioration and putting only our "best ideas" into portfolios, position us well to take advantage of any volatility.

Sincerely,

RUSS COVODE, DANIEL DOYLE, JOE LIND AND CHRISTOPHER KOCINSKI
PORTFOLIO CO-MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

The performance of certain rated bonds within the benchmark, as noted above, represent issues that are rated Ba1/BB+ through Ba3/BB-, B1/B+ through B3/B- and Caa1/CCC+ or lower, based on an average of Moody's, S&P and Fitch, as calculated by ICE BofA.

High Income Bond Fund

TICKER SYMBOLS

Investor Class				NHINX
Institutional Class				NHILX
Class A				NHIAX
Class C				NHICX
Class R3				NHIRX
Class R6				NRHIX

PORTFOLIO BY MATURITY DISTRIBUTION

*(as a % of Total Investments)**
Less than One Year	0.0	%
One to less than Five Years	26.3
Five to less than Ten Years	69.1
Ten Years or Greater	4.6
Total	100.0	%

* Does not include Short-Term Investments or the impact of the Fund's open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS^6,19

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			10 Years			Life of Fund
At NAV
Investor Class⁷	02/01/1992		7.85	%		19.72	%		6.34	%		5.27	%		7.30	%
Institutional
Class⁸	05/27/2009		8.05	%		20.02	%		6.49	%		5.44	%		7.37	%
Class A⁸	05/27/2009		7.70	%		19.39	%		6.04	%		5.00	%		7.19	%
Class C⁸	05/27/2009		7.45	%		18.68	%		5.30	%		4.26	%		6.88	%
Class R3⁸	05/27/2009		7.59	%		19.12	%		5.79	%		4.76	%		7.09	%
Class R6⁸	03/15/2013		7.98	%		20.14	%		6.58	%		5.47	%		7.36	%
With Sales Charge
Class A⁸			3.12	%		14.33	%		5.13	%		4.54	%		7.03	%
Class C⁸			6.45	%		17.68	%		5.30	%		4.26	%		6.88	%
Index
ICE BofA US High Yield Constrained Index^1,14			8.13	%		20.01	%		7.31	%		6.26	%		N/A

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 3.69%, 3.84%, 3.39%, 2.71%, 3.21% and 3.94% for Investor Class, Institutional Class, Class A, Class C, Class R3 and Class R6 shares, respectively. Absent repayments, the 30-day SEC yield would have been 3.44% for Class A shares.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 0.86%, 0.70%, 1.13%, 1.83%, 1.35% and 0.59% for Investor Class, Institutional Class, Class A, Class C, Class R3 and Class R6 shares, respectively (before expense reimbursements and/or fee waivers, if any). The total annual operating expense ratio for Class A includes the class's repayment of expenses previously reimbursed and/or fees previously waived under the contractual expense limitation by NBIA. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Municipal High Income Fund Commentary

Neuberger Berman Municipal High Income Fund Institutional Class generated a 6.60% total return for the six-month period ended April 30, 2021 (the reporting period) and outperformed its benchmark, a blend consisting of 65% Bloomberg Barclays Municipal Bond Index and 35% Bloomberg Barclays Municipal High Yield Index (collectively, the Index), which provided a 4.51% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

The investment-grade municipal bond market generated a positive total return and outperformed the investment-grade taxable bond market during the reporting period. All told, the Bloomberg Barclays Municipal Bond Index gained 2.62% for the reporting period, whereas the overall investment-grade taxable bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, returned -1.52%. U.S. Treasury yields moved higher across the curve during the reporting period. Short-term yields were fairly well anchored, as the U.S. Federal Reserve Board (Fed) maintained the federal funds rate in a range between 0.00% and 0.25%. In contrast, longer-term yields rose sharply. This was primarily driven by the rollout of COVID-19 vaccines, improving economic data and an uptick in inflation. Despite this improving economic backdrop, the Fed continued to say it planned to maintain its highly accommodative monetary policy.

In terms of the Fund's performance, its credit quality biases contributed to results. This was driven by an overweight to municipal bonds rated BBB and below versus the Index. These bonds outperformed higher rated bonds given aggressive monetary and fiscal stimulus and strong investor demand. An overweight to revenue bonds was positive for returns, as they generally outperformed their general obligation bond counterparts. Security selection in the tobacco sector was also rewarded. An allocation to Illinois and Chicago general obligation bonds was beneficial, as they were purchased at very attractive valuations and they rallied over the reporting period. Elsewhere, yield curve positioning did not meaningfully impact performance. On the downside, exposure to some below investment-grade securities were a headwind for results, as their projects were behind schedule due to issues related to the pandemic. Elsewhere, the Fund's allocation to higher quality bonds rated AAA were a drag on performance.

A number of changes were made to the Fund during the reporting period. We reduced the duration heading into 2021, as we anticipated an upturn in rates, which came to pass. We also pared the Fund's exposures to bonds rated A and BBB, while increasing its allocations to securities rated BB and other below investment-grade securities.

For the past dozen years since the 2008 financial crisis, the overall environment for fixed income investors has been largely unchanged. Global growth has been sluggish across bond markets and central banks have unleashed a range of programs aimed at supporting growth and financial assets. Fixed income investors have been persistently rewarded for positioning for low nominal yields, low real yields and a low-inflation (or even disinflationary) environment. We believe this backdrop may be quickly changing, and we think investors need to position for a different and more complex environment. In our view, this is not a temporary shift, but likely the beginning of a multiyear transition to a different fixed income world. We feel that the changes will be particularly acute for the municipal market. With over 60,000 individual state and local government issuers, we believe opportunities may abound, but so are various levels of financial, legislative, market and political risk. In a market characterized by frequent volatility, we believe that our long established investment process will be well equipped to handle the challenges ahead.

Sincerely,

JAMES L. ISELIN, S. BLAKE MILLER AND ERIC J. PELIO
PORTFOLIO MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

The bond ratings noted above represent segments of the Bloomberg Barclays Municipal Bond Index and Bloomberg Barclays Municipal High Yield Index, which are determined based on the average ratings issued by S&P Global, Moody's and Fitch.

Municipal High Income Fund

TICKER SYMBOLS

Institutional Class				NMHIX
Class A				NMHAX
Class C				NMHCX

PORTFOLIO BY STATE AND TERRITORY

(as a % of Total Net Assets)
Alabama	2.1	%
Arizona	4.7
Arkansas	0.8
California	12.9
Colorado	4.5
Florida	3.4
Georgia	0.6
Guam	0.5
Hawaii	0.6
Illinois	10.5
Indiana	0.6
Iowa	2.8
Kansas	0.3
Kentucky	1.8
Louisiana	1.7
Maine	0.2
Maryland	1.0
Michigan	4.0
Minnesota	0.7
Missouri	0.3
Montana	1.2
Nevada	0.4
New Hampshire	0.6
New Jersey	5.1
New Mexico	0.4
New York	4.7
North Carolina	0.9
North Dakota	0.4
Ohio	7.6
Oklahoma	0.3
Pennsylvania	1.1
Puerto Rico	3.9
Rhode Island	1.0
South Carolina	1.1
Texas	5.4
Utah	2.0
Vermont	1.0
Virginia	0.5
Washington	0.5
West Virginia	0.4
Wisconsin	2.0
Other	0.2
Loan Assignments	0.3
Exchange Traded Funds	4.3
Other Assets Less Liabilities	0.7	*
Total	100.0	%

* Includes the impact of the Fund's open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS¹⁰

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			Life of Fund
At NAV
Institutional Class	06/22/2015		6.60	%		16.91	%		4.41	%		5.00	%
Class A	06/22/2015		6.41	%		16.50	%		4.00	%		4.60	%
Class C	06/22/2015		6.01	%		15.71	%		3.24	%		3.85	%
With Sales Charge
Class A			1.87	%		11.58	%		3.11	%		3.83	%
Class C			5.01	%		14.71	%		3.24	%		3.85	%
Index
Blended Benchmark*^1,14			4.51	%		12.16	%		4.61	%		4.81	%

* Blended benchmark is composed of 65% Bloomberg Barclays Municipal Bond Index and 35% Bloomberg Barclays Municipal High Yield Index and is rebalanced monthly.

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 1.85%, 1.48% and 0.74% for Institutional Class, Class A and Class C shares, respectively. The tax-equivalent yields were 3.13%, 2.50% and 1.25% for Institutional Class, Class A and Class C shares, respectively, for a shareholder in the highest federal income tax bracket (37% plus 3.8% Medicare contribution tax).⁹ Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 1.58%, 1.17% and 0.33% for Institutional Class, Class A and Class C shares, respectively.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 0.81%, 1.24% and 1.94% for Institutional Class, Class A and Class C shares, respectively (before expense reimbursements and/or fee waivers, if any). The expense ratios were 0.51%, 0.88% and 1.63% for Institutional Class, Class A and Class C shares, respectively, after expense reimbursements and/or fee waivers. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Municipal Impact Fund Commentary

Neuberger Berman Municipal Impact Fund Institutional Class generated a 1.48% total return for the six-month period ended April 30, 2021 (the reporting period). Over the same period the Fund's benchmark, the Bloomberg Barclays Municipal Bond Index (the Index), returned 2.62%. (Performance for all share classes is provided in the table immediately following this letter.)

The investment-grade municipal bond market generated a positive total return and outperformed the investment-grade taxable bond market during the reporting period. All told, the Index gained 2.62% for the reporting period, whereas the overall investment-grade taxable bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, returned -1.52%. U.S. Treasury yields moved higher across the curve during the reporting period. Short-term yields were fairly well anchored, as the U.S. Federal Reserve Board (Fed) maintained the federal funds rate in a range between 0.00% and 0.25%. In contrast, longer-term yields rose sharply. This was primarily driven by the rollout of COVID-19 vaccines, improving economic data and an uptick in inflation. Despite this improving economic backdrop, the Fed continued to say it planned to maintain its highly accommodative monetary policy.

In terms of the Fund's performance, credit quality detracted from results. This was partially driven by an overweight to higher rated securities versus the Index. They lagged lower rated bonds given aggressive monetary and fiscal stimulus, along with strong investor demand for lower rated, higher-yielding securities. Yield curve and duration positioning were not impactful to relative performance. However, underweighting large credits rated BBB, such as Illinois general obligation bonds produced a headwind. On the upside, an overweight to revenue bonds was beneficial for returns, as they generally outperformed their general obligation bond counterparts. Security selection of single family housing bonds was also positive, as were small positions in securities rated B and certain non-rated bonds.

The Fund increased its exposure to what we believed were projects that were impactful for their communities. We also continued to focus on sustainable issuers with what we view as having best-in-class operations, with managements that make sound financial decisions. This positioning was a drag on results, as these attributes were not rewarded by investors as they sought to generate incremental yields offered by lower rated securities.

For the past dozen years since the 2008 financial crisis, the overall environment for fixed income investors has been largely unchanged. Global growth has been sluggish across bond markets and central banks have unleashed a range of programs aimed at supporting growth and financial assets. Fixed income investors have been persistently rewarded for positioning for low nominal yields, low real yields and a low-inflation (or even disinflationary) environment. We believe this backdrop may be quickly changing, and we think investors need to position for a different and more complex environment. In our view, this is not a temporary shift, but likely the beginning of a multiyear transition to a different fixed income world. We feel that the changes will be particularly acute for the municipal market. With over 60,000 individual state and local government issuers, we believe opportunities abound, but so are various levels of financial, legislative, market and political risk. In a market characterized by frequent volatility, we believe that our long established investment process will be well equipped to handle the challenges ahead.

Sincerely,

JAMES L. ISELIN, S. BLAKE MILLER, JAMES LYMAN AND JEFFREY HUNN
PORTFOLIO MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

The bond ratings noted above represent segments of the Bloomberg Barclays Municipal Bond Index, which are determined based on the average ratings issued by S&P Global, Moody's and Fitch.

Municipal Impact Fund

TICKER SYMBOLS

Institutional Class				NMIIX
Class A				NIMAX
Class C				NIMCX

PORTFOLIO BY STATE AND TERRITORY

(as a % of Total Net Assets)
Alabama	1.1	%
Arkansas	0.6
California	2.4
Colorado	0.3
Connecticut	0.8
District of Columbia	1.3
Florida	2.9
Georgia	1.9
Illinois	3.1
Indiana	3.1
Kentucky	5.3
Louisiana	4.4
Massachusetts	0.8
Michigan	10.5
Minnesota	0.4
Mississippi	2.7
Missouri	4.2
New Jersey	1.1
New York	13.1
North Carolina	2.0
North Dakota	0.8
Ohio	3.6
Oklahoma	3.7
Pennsylvania	5.5
South Carolina	3.8
Tennessee	1.7
Texas	9.0
Utah	1.5
Virginia	2.5
West Virginia	4.6
Wisconsin	0.6
Loan Assignments	0.2
Other Assets Less Liabilities	0.5	*
Total	100.0	%

* Includes the impact of the Fund's open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS^10,20

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			Life of Fund
At NAV
Institutional Class	03/11/2013¹⁶		1.48	%		5.35	%		2.61	%		2.75	%
Class A²¹	06/19/2018		1.23	%		4.90	%		2.39	%		2.61	%
Class C²¹	06/19/2018		0.86	%		4.12	%		1.95	%		2.34	%
With Sales Charge
Class A²¹			-3.06	%		0.43	%		1.51	%		2.07	%
Class C²¹			-0.14	%		3.12	%		1.95	%		2.34	%
Index
Bloomberg Barclays Municipal Bond Index^1,14			2.62	%		7.75	%		3.51	%		3.60	%

The performance data quoted represent past performance and do not indicate future results. Current performance may be lower or higher than the performance data quoted. For current performance data, including current to most recent month-end, please visit www.nb.com/performance.

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 0.65%, 0.28% and -0.46% for Institutional Class, Class A and Class C shares, respectively. The tax-equivalent yields were 1.10%, 0.47% and -0.78% for Institutional Class, Class A and Class C shares, respectively, for a shareholder in the highest federal income tax bracket (37% plus 3.8% Medicare contribution tax).⁹Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 0.23%, -0.20% and -0.60% for Institutional Class, Class A and Class C shares, respectively. A negative 30-day SEC yield results when a fund's accrued expenses exceed its income for the relevant period. Please note, in such instances the 30-day SEC yield may not equal the Fund's actual rate of income earned and distributed by the Fund and, therefore, a per share distribution may still be paid to shareholders.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 0.93%, 1.12%, and 2.01% for Institutional Class, Class A and Class C shares, respectively (before expense reimbursements and/or fee waivers, if any). The expense ratios were 0.43%, 0.80% and 1.55% for Institutional Class, Class A and Class C shares, respectively, after expense reimbursements and/or fee waivers. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Municipal Intermediate Bond Fund Commentary

Neuberger Berman Municipal Intermediate Bond Fund Investor Class generated a 2.97% total return for the six-month period ended April 30, 2021 (the reporting period) and outperformed its benchmark, the Bloomberg Barclays 7-Year General Obligation (G.O.) Index (the Index), which provided a 1.48% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

In terms of the Fund's performance, its credit quality biases contributed to results. This was driven by an overweight to non-investment-grade and lower rated bonds versus the Index. They outperformed higher rated bonds given aggressive monetary and fiscal stimulus and strong investor demand. An out-of-benchmark allocation to revenue bonds was positive for returns, as they generally outperformed their G.O. bond counterparts. Security selection in the tobacco sector was also rewarded. An allocation to Illinois G.O. bonds was beneficial, as they were purchased at very attractive valuations and they rallied over the reporting period. Finally, yield curve positioning was beneficial for returns, as the Fund had a larger allocation to longer-term bonds. On the downside, the Fund's allocation to higher quality bonds rated AAA were a drag on performance.

A number of changes were made to the Fund during the reporting period. We reduced the duration heading into 2021, as we anticipated an upturn in rates, which came to pass. We also pared the Fund's exposure to bonds rated AAA, while increasing its allocations to securities rated A and BBB.

Sincerely,

JAMES L. ISELIN AND S. BLAKE MILLER
PORTFOLIO MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

The bond ratings noted above represent segments of the Bloomberg Barclays 7-Year General Obligation (G.O.) Index, which are determined based on the average ratings issued by S&P Global, Moody's and Fitch.

Municipal Intermediate Bond Fund

TICKER SYMBOLS

Investor Class				NMUIX
Institutional Class				NMNLX
Class A				NMNAX
Class C				NMNCX

PORTFOLIO BY STATE AND TERRITORY

(as a % of Total Net Assets)
Alabama	1.6	%
Arizona	1.5
Arkansas	0.2
California	8.2
Colorado	1.6
Connecticut	2.2
Delaware	0.6
District of Columbia	0.9
Florida	4.7
Georgia	3.3
Illinois	11.7
Indiana	1.2
Iowa	0.8
Kansas	1.2
Kentucky	0.7
Louisiana	0.4
Maryland	0.9
Massachusetts	1.9
Michigan	1.8
Minnesota	0.6
Mississippi	2.9
Missouri	1.4
Montana	0.7
Nevada	0.3
New Jersey	5.2
New York	13.4
North Carolina	1.3
Ohio	3.6
Oklahoma	1.8
Oregon	0.6
Pennsylvania	7.2
Puerto Rico	0.7
Rhode Island	1.1
South Carolina	1.0
Tennessee	2.1
Texas	7.0
Utah	1.4
Virginia	1.0
Washington	0.6
West Virginia	0.4
Wisconsin	0.9
Liabilities Less Other Assets	(0.6	)*
Total	100.0	%

* Includes the impact of the Fund's open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS¹⁰

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			10 Years			Life of Fund
At NAV
Investor Class	07/09/1987		2.97	%		8.15	%		2.73	%		3.46	%		4.61	%
Institutional Class¹¹	06/21/2010		3.04	%		8.32	%		2.88	%		3.62	%		4.66	%
Class A¹¹	06/21/2010		2.86	%		7.93	%		2.49	%		3.23	%		4.53	%
Class C¹¹	06/21/2010		2.47	%		7.21	%		1.74	%		2.46	%		4.28	%
With Sales Charge
Class A¹¹			-1.50	%		3.35	%		1.61	%		2.78	%		4.40	%
Class C¹¹			1.47	%		6.21	%		1.74	%		2.46	%		4.28	%
Index
Bloomberg Barclays 7-Year G.O. Index^1,14			1.48	%		6.20	%		2.99	%		3.62	%		5.38	%

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 0.69%, 0.84%, 0.47% and -0.27% for Investor Class, Institutional Class, Class A and Class C shares, respectively. The tax-equivalent yields were 1.17%, 1.42%, 0.79% and -0.46% for Investor Class, Institutional Class, Class A and Class C shares, respectively, for a shareholder in the highest federal income tax bracket (37% plus 3.8% Medicare contribution tax).⁹ Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 0.54%, 0.70%, 0.32% and -0.42% for Investor Class, Institutional Class, Class A and Class C shares, respectively. A negative 30-day SEC yield results when a fund's accrued expenses exceed its income for the relevant period. Please note, in such instances the 30-day SEC yield may not equal the Fund's actual rate of income earned and distributed by the Fund and, therefore, a per share distribution may still be paid to shareholders.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 0.66%, 0.47%, 0.84% and 1.59% for Investor Class, Institutional Class, Class A and Class C shares, respectively (before expense reimbursements and/or fee waivers, if any). The expense ratios were 0.45%, 0.30%, 0.67% and 1.42% for Investor Class, Institutional Class, Class A and Class C shares, respectively, after expense reimbursements and/or fee waivers. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Short Duration Bond Fund Commentary

Neuberger Berman Short Duration Bond Fund Investor Class generated a 2.99% total return for the six-month period ended April 30, 2021 (the reporting period) and outperformed its benchmark, the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index (the Index), which provided a 0.23% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

U.S. rates moved higher and the yield curve steepened over the reporting period, particularly during the first quarter of 2021. Accommodative monetary policy kept short-term yields largely pinned, while longer-term rates rose on optimism over fiscal support and a faster-than-anticipated economic recovery. U.S. credit spreads continued to tighten over the reporting period, supported by improving fundamentals, encouraging earnings, positive vaccine progress and fiscal stimulus. Against this improving economic backdrop, monetary and fiscal authorities continued to underscore the importance of remaining accommodative to aid a full and expeditious recovery.

The largest contributor to the Fund's performance during the reporting period was its overweight exposure to corporate bonds versus the Index. Their spreads versus Treasuries significantly narrowed during the reporting period as investor demand for incremental yield was robust overall. Also supporting the sector was aggressive monetary and fiscal stimulus, signs of improving growth and corporate earnings that often exceeded expectations. Elsewhere, an out-of-benchmark allocation to structured products, including agency pass-through securities, mortgage credit, asset-backed securities, and commercial mortgage-backed securities contributed to returns. Finally, an allocation to Treasury Inflation-Protected Securities was rewarded. On the downside, yield curve positioning was a headwind for results, as the Fund had exposure to certain parts of the curve that underperformed.

The Fund's use of futures contracts contributed positively to performance during the reporting period.

We maintained the Fund's overall positioning over the reporting period, with an overweight to non-Treasury securities and underweights to Treasuries, agency debt and non-corporate securities. We had increased the Fund's allocation to agency pass-through securities last spring, given, in our view, their attractive valuations at the time. We largely eliminated this position during the first quarter of 2021, as they performed well and reached our estimate of fair value. The proceeds from these sales were primarily allocated to corporate bonds, both in the primary and secondary markets, where we found a number of compelling opportunities.

Sincerely,

THOMAS SONTAG, MICHAEL FOSTER, MATTHEW MCGINNIS AND WOOLF NORMAN MILNER
PORTFOLIO MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

Short Duration Bond Fund

TICKER SYMBOLS

Investor Class				NSBIX
Trust Class				NSBTX
Institutional Class				NSHLX
Class A				NSHAX
Class C				NSHCX

PORTFOLIO BY INVESTMENT TYPE

(as a % of Total Net Assets)
Asset-Backed Securities	6.0	%
Corporate Bonds	51.9
Exchange-Traded Funds	2.9
Mortgage-Backed Securities	33.2
U.S. Treasury Obligations	4.1
Short-Term Investments	0.5
Other Assets Less Liabilities	1.4	*
Total	100.0	%

* Includes the impact of the Fund's open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS¹⁵

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			10 Years			Life of Fund
At NAV
Investor Class	06/09/1986		2.99	%		8.52	%		2.03	%		1.63	%		3.97	%
Trust Class¹²	08/30/1993		2.88	%		8.41	%		1.93	%		1.53	%		3.89	%
Institutional Class¹²	06/21/2010		2.96	%		8.60	%		2.24	%		1.83	%		4.03	%
Class A¹²	06/21/2010		2.84	%		8.33	%		1.88	%		1.46	%		3.91	%
Class C¹²	06/21/2010		2.46	%		7.53	%		1.12	%		0.70	%		3.67	%
With Sales Charge
Class A¹²			0.25	%		5.65	%		1.37	%		1.20	%		3.84	%
Class C¹²			1.46	%		6.53	%		1.12	%		0.70	%		3.67	%
Index
Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index^1,14			0.23	%		1.02	%		1.99	%		1.53	%		4.63	%

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 2.45%, 2.35%, 2.65%, 2.28% and 1.53% for Investor Class, Trust Class, Institutional Class, Class A and Class C shares, respectively. Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 2.06%, 1.88%, 2.25%, 1.85% and 1.11% for Investor Class, Trust Class, Institutional Class, Class A and Class C shares, respectively.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 1.03%, 1.16%, 0.79%, 1.18% and 1.92% for Investor Class, Trust Class, Institutional Class, Class A and Class C shares, respectively (before expense reimbursements and/or fee waivers, if any, and after restatement).The expense ratios were 0.56%, 0.66%, 0.36%, 0.73% and 1.48% for Investor Class, Trust Class, Institutional Class, Class A and Class C shares, respectively, after expense reimbursements and/or fee waivers and restatement. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Returns shown with a sales charge reflect the deduction of the current maximum initial sales charge of 2.50% for Class A shares and the contingent deferred sales charge (CDSC) for Class C shares. The CDSC for Class C shares is 1.00%, which is reduced to 0% after 1 year. The performance of the Fund's share classes will differ primarily due to different sales charge structures and class expenses. Please see the prospectus for more information about sales charge structures, if any, and class expenses for your share class.

Strategic Income Fund Commentary

Neuberger Berman Strategic Income Fund Institutional Class delivered a 6.66% total return for the six-month period ended April 30, 2021 (the reporting period), outperforming its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index (the Index), which provided a -1.52% total return for the same period. (Performance for all share classes is provided in the table immediately following this letter.)

U.S. rates moved higher and the yield curve steepened over the reporting period, particularly during the first quarter of 2021. Accommodative monetary policy kept short-term yields largely pinned, while longer-term rates rose on optimism over fiscal support and a faster-than-anticipated economic recovery. U.S. credit spreads continued to tighten over the reporting period, supported by improving fundamentals, encouraging earnings, positive vaccine progress and fiscal stimulus. Against this improving economic backdrop, monetary and fiscal authorities continued to underscore the importance of remaining accommodative to aid a full and expeditious recovery.

Exposure to high yield credit and security selection within investment-grade credit were key contributors to the Fund's relative outperformance over the reporting period. Both investment-grade and high yield spreads tightened against a rapidly improving economic backdrop. Our active duration positioning was also meaningfully additive, as the Fund's duration underweight benefited from the first quarter sell-off. Elsewhere, exposure to Treasury Inflation-Protected Securities (TIPS) was additive to results as inflation expectations steadily rose over the reporting period, while exposure to bank loans was beneficial given a favorable rates/inflation environment. The Fund's underweight to investment-grade credit and U.S. agency mortgage-backed securities (MBS) versus the Index were modest detractors over the period. However, the negative impact was more than offset by security selection within both sectors.

The Fund's aggregate use of futures, swaps, forward foreign currency and bond forward contracts contributed positively to performance during the reporting period.

There were several adjustments made to the Fund during the reporting period. We selectively rotated exposure away from investment-grade credit toward non-investment-grade credit given, in our view, improving fundamentals and attractive relative value in terms of yield potential and duration profile. Similarly, we reduced exposure to MBS at the beginning of 2021, rotating into what we believed to be more attractive sectors on a relative-value basis; namely non-investment-grade credit and TIPS. Toward the end of the reporting period, we reduced the Fund's exposure to TIPS as inflation expectations, as measured by the 10-year breakeven rate, approached our target level.

Sincerely,

THANOS BARDAS, ASHOK BHATIA, DAVID M. BROWN AND BRAD TANK
PORTFOLIO MANAGERS

Information about principal risks of investing in the Fund is set forth in the prospectus and statement of additional information.

The portfolio composition, industries and holdings of the Fund are subject to change without notice.

The opinions expressed are those of the Fund's portfolio managers. The opinions are as of the date of this report and are subject to change without notice.

Strategic Income Fund

TICKER SYMBOLS

Trust Class				NSTTX
Institutional Class				NSTLX
Class A				NSTAX
Class C				NSTCX
Class R6				NRSIX

PORTFOLIO BY INVESTMENT TYPE

(as a % of Total Net Assets)
Asset-Backed Securities	4.8	%
Closed-End Funds	0.1
Convertible Bonds	0.1
Corporate Bonds	55.9
Foreign Government Securities	4.2
Loan Assignments	7.0
Mortgage-Backed Securities	25.1
Municipal Notes	1.5
U.S. Government Agency Securities	0.1
U.S. Treasury Obligations	6.1
Short-Term Investments	10.8
Liabilities Less Other Assets	(15.7	)*
Total	100.0	%

* Includes the impact of the Fund's open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS¹⁷

	Inception	Six Month Period Ended			Average Annual Total Return Ended 04/30/2021
	Date	04/30/2021			1 Year			5 Years			10 Years			Life of Fund
At NAV
Trust Class¹³	04/02/2007		6.57	%		15.86	%		4.87	%		4.37	%		6.17	%
Institutional Class	07/11/2003		6.66	%		16.26	%		5.23	%		4.73	%		6.46	%
Class A¹³	12/20/2007		6.45	%		15.79	%		4.82	%		4.32	%		6.14	%
Class C¹³	12/20/2007		6.18	%		15.00	%		4.09	%		3.59	%		5.58	%
Class R6¹³	03/15/2013		6.72	%		16.39	%		5.32	%		4.79	%		6.49	%
With Sales Charge
Class A¹³			1.90	%		10.82	%		3.91	%		3.86	%		5.88	%
Class C¹³			5.18	%		14.00	%		4.09	%		3.59	%		5.58	%
Index
Bloomberg Barclays U.S. Aggregate Bond Index^1,14	-1.52%				-0.27%			3.19%			3.39%			4.03%

The investment return and principal value of an investment will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

For the period ended April 30, 2021, the 30-day SEC yields were 3.34%, 3.70%, 3.30%, 2.60% and 3.80% for Trust Class, Institutional Class, Class A, Class C and Class R6 shares, respectively. Absent expense reimbursements and/or fee waivers, the 30-day SEC yields would have been 3.31%, 3.69%, 2.57% and 3.79% for Trust Class, Institutional Class, Class C and Class R6 shares, respectively. Absent repayment, the 30-day SEC yield would have been 3.32% for Class A shares.

As stated in the Fund's most recent prospectus, the total annual operating expense ratios for fiscal year 2020 were 1.02%, 0.61%, 1.00%, 1.74% and 0.52% for Trust Class, Institutional Class, Class A, Class C and Class R6 shares, respectively (before expense reimbursements and/or fee waivers, if any). The expense ratios were 0.95%, 0.60%, 1.00%, 1.70% and 0.50% for Trust Class, Institutional Class, Class A, Class C and Class R6 shares, respectively, after expense reimbursements and/or fee waivers. The total annual operating expense ratio for Class A includes the class's repayment of expenses previously reimbursed and/or fees previously waived under the contractual expense limitation by NBIA. The expense ratios for the semi-annual period ended April 30, 2021, can be found in the Financial Highlights section of this report.

Endnotes

1 Please see "Glossary of Indices" on page 24 for a description of indices. Please note that individuals cannot invest directly in any index. The indices described in this report do not take into account any fees, expenses or tax consequences of investing in the individual securities that they track. Data about the performance of an index are prepared or obtained by Neuberger Berman Investment Advisers LLC ("NBIA") and reflect the reinvestment of income dividends and other distributions, if any. The Fund may invest in securities not included in a described index and generally does not invest in all securities included in a described index.

2 The performance information for periods prior to June 13, 2005, is that of the Fund's predecessor, Ariel Premier Bond Fund ("Ariel Fund"). The investment policies, guidelines and restrictions of the Fund are in all material respects equivalent to those of Ariel Fund. Returns would have been lower if Ariel Fund's manager had not waived certain of its fees during these periods.

3 The performance information for Institutional Class is that of Ariel Fund Institutional Class for the period October 1, 1995 (inception date) through June 10, 2005. The performance information for Investor Class is that of Ariel Fund Institutional Class for the period October 1, 1995 through January 31, 1997 (the period prior to the Investor Class' inception date), and that of Ariel Fund Investor Class for the period February 1, 1997 through June 10, 2005. Ariel Fund Institutional Class had lower expenses and typically higher returns than Ariel Fund Investor Class.

4 The performance information for Class A, Class C and Class R6 prior to the classes' inception date is that of the Institutional Class of Neuberger Berman Core Bond Fund (please see Endnote 3). The performance information for the Institutional Class has been adjusted to reflect the appropriate sales charges applicable to Class A and Class C shares, but has not been adjusted to take into account differences in class specific operating expenses (such as 12b-1 fees). The Institutional Class has lower expenses and typically higher returns than Class A and Class C. The Institutional Class has higher expenses and typically lower returns than Class R6.

5 The performance information for Institutional Class and Class C prior to the classes' inception date is that of Class A of Neuberger Berman Floating Rate Income Fund. The performance information (at NAV) of Class A has been adjusted to reflect the appropriate sales charge applicable to Class C shares, but has not been adjusted to take into account differences in class specific operating expenses (such as 12b-1 fees). Class A has higher expenses and typically lower returns (at NAV) than Institutional Class. Class A has lower expenses and typically higher returns (at NAV) than Class C.

6 The performance information for the period April 1, 1996 through September 6, 2002, is that of the Fund's predecessor, Lipper High Income Bond Fund ("Lipper Fund"), and the performance information for the period February 1, 1992 through March 31, 1996, is that of Lipper Fund's predecessor partnership. The investment policies, objectives, guidelines and restrictions of the Fund are in all material respects equivalent to those of Lipper Fund, and the investment policies, objectives, guidelines and restrictions of Lipper Fund were in all material respects equivalent to those of its predecessor partnership. As mutual funds registered under the Investment Company Act of 1940, as amended ("1940 Act"), the Fund is, and Lipper Fund was, subject to certain restrictions under the 1940 Act and the Internal Revenue Code of 1986, as amended ("Code"), to which Lipper Fund's predecessor partnership was not subject. Had Lipper Fund's predecessor partnership been registered under the 1940 Act and been subject to the provisions of the 1940 Act and the Code, its investment performance may have been adversely affected. Returns would have been lower if Lipper Fund's manager had not waived certain of its fees during these periods.

7 The performance information for Investor Class is that of Lipper Fund Premier Class for the period April 1, 1996 through September 6, 2002, and that of Lipper Fund's predecessor partnership for the period February 1, 1992 (inception date) through March 31, 1996 (please see Endnote 6).

8 The performance information for Institutional Class, Class A, Class C, Class R3 and Class R6 prior to the classes' respective inception dates is that of the Investor Class of Neuberger Berman High Income Bond Fund (please see Endnote 7). The performance information of the Investor Class has been adjusted to reflect the appropriate sales charges applicable to Class A and Class C shares, but has not been adjusted to take into account differences in class specific operating expenses (such as 12b-1 fees). The Investor Class has lower expenses and typically higher returns than Class A, Class C and Class R3. The Investor Class has higher expenses and typically lower returns than Institutional Class and Class R6.

9 Tax-equivalent effective yield is the taxable effective yield that a shareholder would have had to receive in order to realize the same level of yield after federal income taxes at the highest federal tax rate, currently 37% plus the 3.8% Medicare contribution tax, assuming that all of the Fund's income is exempt from federal income taxes.

10 A portion of the Fund's income may be a tax preference item for purposes of the federal alternative minimum tax for certain shareholders.

11 The performance information for Institutional Class, Class A and Class C prior to the classes' inception date is that of the Investor Class of Neuberger Berman Municipal Intermediate Bond Fund. The performance information of the Investor Class has been adjusted to reflect the appropriate sales charges applicable to Class A and Class C shares, but has not been adjusted to take into account differences in class specific operating expenses (such as 12b-1 fees). The Investor Class has lower expenses and typically higher returns than Class A and Class C. The Investor Class has higher expenses and typically lower returns than Institutional Class.

12 The performance information for Trust Class, Institutional Class, Class A and Class C prior to the classes' respective inception dates is that of the Investor Class of Neuberger Berman Short Duration Bond Fund. The performance information of the Investor Class has been adjusted to reflect the appropriate sales charges applicable to Class A and Class C shares, but has not been adjusted to take into account differences in class specific operating expenses (such as 12b-1 fees). The Investor Class has lower expenses and typically higher returns than Trust Class, Class A and Class C. The Investor Class has higher expenses and typically lower returns than Institutional Class.

13 The performance information for Trust Class, Class A, Class C and Class R6 prior to the classes' respective inception dates is that of the Institutional Class of Neuberger Berman Strategic Income Fund. The performance information of the Institutional Class has been adjusted to reflect the appropriate sales charges applicable to Class A and Class C shares, but has not been adjusted to take into account differences in class specific operating expenses (such as 12b-1 fees). The Institutional Class has lower expenses and typically higher returns than Trust Class, Class A and Class C. The Institutional Class has higher expenses and typically lower returns than Class R6.

14 The date used to calculate Life of Fund performance for the index is the inception date of the oldest share class.

15 The investments for the Fund are managed by the same portfolio manager(s) who manage(s) one or more other registered funds that have names, investment objectives and investment styles that are similar to those of the Fund. You should be aware that the Fund is likely to differ from the other mutual fund(s) in size, cash flow pattern and tax matters. Accordingly, the holdings and performance of the Fund can be expected to vary from those of the other mutual fund(s).

16 This date reflects when NBIA first became the investment manager to the Fund.

17 The Fund had a different goal, to maximize income without undue risk to principal, and investment strategy, which included managing assets by an asset allocation committee, prior to February 28, 2008. Its performance prior to that date might have been different if the current goal and investment strategy had been in effect.

18 The Fund had a different goal, to maximize total return through a combination of income and capital appreciation, and investment strategy, which did not include investments in derivatives and non-U.S. dollar denominated securities, prior to February 28, 2008. Its performance prior to that date might have been different if the current goal and investment strategy had been in effect.

19 The Fund's policies limited its ability to invest in bonds rated below "B" prior to July 6, 2006. Its performance prior to that date might have been different if current policies had been in effect.

20 The Fund had a different goal and different principal investment strategies, which included a policy to invest 80% of its net assets in securities of municipal issuers that provide interest income that is exempt from New York State and New York City personal income taxes and invest in only investment grade securities, prior to June 16, 2018. Its performance prior to that date might have been different if the current goal and investment strategy had been in effect.

21 The performance information for Class A and Class C prior to the classes' inception date is that of the Institutional Class of Neuberger Berman Municipal Impact Fund (formerly, Neuberger Berman New York Municipal Income Fund). The performance information for the Institutional Class has been adjusted to reflect the appropriate sales charges applicable to Class A and Class C shares, but has not been adjusted to take into account differences in class specific operating expenses (such as 12b-1 fees). The Institutional Class has lower expenses and typically higher returns than Class A and Class C.

For more complete information on any of the Neuberger Berman Income Funds, call us at (800) 877-9700, or visit our website at www.nb.com.

Glossary of Indices

Bloomberg Barclays 7-Year General Obligation (G.O.) Index:				The index is the 7-year (6-8 years to maturity) component of the Bloomberg Barclays G.O. Index. The Bloomberg Barclays G.O. Index measures the investment grade, U.S. dollar-denominated, long-term, tax-exempt state and local general obligation bond market.
Bloomberg Barclays U.S. Aggregate Bond Index:				The index measures the investment grade, U.S. dollar-denominated, fixed-rate, taxable bond market and includes Treasuries, government-related and corporate securities, mortgage-backed securities (MBS) (agency fixed-rate and hybrid adjustable rate mortgage (ARM) pass-throughs), asset-backed securities (ABS), and commercial mortgage-backed securities (CMBS) (agency and nonagency).
Bloomberg Barclays Municipal Bond Index:				The index is a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market. To be included in the index, bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two of the following ratings agencies: Moody's, S&P, Fitch. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the three agencies rates a security, the rating must be investment-grade. They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated date after December 31, 1990, and must be at least one year from their maturity date. Remarketed issues, taxable municipal bonds, bonds with floating rates, and derivatives, are excluded from the benchmark.
Bloomberg Barclays Municipal High Yield Index:				The index measures the performance of the high yield municipal bond market. To be included in the index, bonds must be rated non-investment-grade (Ba1/BB+ or lower) by at least two of the following ratings agencies: Moody's, S&P, Fitch. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the three agencies rates a security, the rating must be non-investment-grade. They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated date after December 31, 1990, and must be at least one year from their maturity date. Remarketed issues, taxable municipal bonds, bonds with floating rates, and derivatives, are excluded from the benchmark.
65% Bloomberg Barclays Municipal Bond Index and 35% Bloomberg Barclays Municipal High Yield Index:				The blended index is composed of 65% Bloomberg Barclays Municipal Bond Index and 35% Bloomberg Barclays Municipal High Yield Index (both described above) and is rebalanced monthly.
Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index:				The index is the 1-3 year component of the Bloomberg Barclays U.S. Government/Credit Index. The Bloomberg Barclays U.S. Government/Credit Index is the non-securitized component of the Bloomberg Barclays U.S. Aggregate Bond Index and includes Treasuries and government-related (agency, sovereign, supranational, and local authority debt guaranteed by the U.S. government) and investment grade corporate securities.
ICE BofA U.S. High Yield Constrained Index:				The index tracks the performance of U.S. dollar-denominated below investment grade corporate debt publicly issued in the U.S. domestic market. In addition to meeting other criteria, qualifying securities must have a below investment grade rating (based on an average of Moody's, S&P and Fitch ratings), and have risk exposure to countries that are members of the FX-G10, Western Europe or territories of the U.S. and Western Europe. Securities in legal default are excluded from the index. Index constituents are capitalization-weighted, provided the total allocation to an individual issuer does not exceed 2%.

J.P. Morgan Corporate Emerging Markets Bond Index (CEMBI)—Diversified:				The index tracks the performance of U.S. dollar-denominated corporate emerging market bonds, including emerging market countries from Asia, Europe, Latin America and the Middle East/Africa. The Diversified version of the index is market capitalization-weighted and limits the weights of those index countries with larger corporate debt stocks by including only specified portions of those countries' eligible current face amounts of debt outstanding.
J.P. Morgan Emerging Markets Bond Index (EMBI)—Global Diversified:				The index tracks the performance of U.S. dollar-denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities (Brady bonds, loans and Eurobonds), including emerging market countries from Asia, Europe, Latin America and the Middle East/Africa. The Global version of the index captures a broad, comprehensive universe of emerging market issues. The Diversified version of the index is market capitalization-weighted and limits the weights of those index countries with larger debt stocks by including only specified portions of those countries' eligible current face amounts of debt outstanding.
J.P. Morgan Government Bond Index (GBI)—Emerging Markets Global Diversified:				The index tracks the performance of local currency denominated bonds issued by emerging market governments, including emerging market countries from Asia, Europe, Latin America and the Middle East/Africa. The Global version of the index includes only countries that are accessible by most of the international investor base, while countries with explicit capital controls are excluded. The Diversified version of the index is market capitalization-weighted, with a maximum weight to a country capped at 10%.
50% J.P. Morgan GBI—Emerging Markets Global Diversified, 25% J.P. Morgan EMBI—Global Diversified, and 25% J.P. Morgan CEMBI—Diversified:				The blended index is composed of 50% J.P. Morgan GBI—Emerging Markets Global Diversified, 25% J.P. Morgan EMBI—Global Diversified, and 25% J.P. Morgan CEMBI—Diversified (all described above) and is rebalanced monthly.
S&P/LSTA Leveraged Loan Index:				A market value-weighted index that measures the performance of the U.S. leveraged loan market based upon market weightings, spreads and interest payments. Eligible loans must be senior secured and US dollar denominated, with a minimum initial term of one year, a minimum initial spread of LIBOR + 125 basis points, and a $50 million initial funding. Defaulted loans remain in the index until removal upon exit from bankruptcy or restructuring. LSTA (Loan Syndications and Trading Association) / Thomson Reuters LPC Mark-to-Market Pricing is used to price each loan in the index. (Note, LIBOR is expected to stop being published at the end of 2021.)

Information About Your Fund's Expenses (Unaudited)

As a Fund shareholder, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments or redemption proceeds (if applicable); and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees (if applicable), and other Fund expenses. This example is intended to help you understand your ongoing costs (in U.S. dollars) of investing in a Fund and compare these costs with the ongoing costs of investing in other mutual funds.

This table is designed to provide information regarding costs related to your investments. The following examples are based on an investment of $1,000 made at the beginning of the six month period ended April 30, 2021 and held for the entire period. The table illustrates the Fund's costs in two ways:

Actual Expenses and Performance:				The first section of the table provides information about actual account values and actual expenses in dollars, based on the Fund's actual performance during the period indicated. You may use the information in this line, together with the amount you invested, to estimate the expenses you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first section of the table under the heading entitled "Expenses Paid During the Period" to estimate the expenses you paid over the period.
Hypothetical Example for Comparison Purposes:				The second section of the table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return at 5% per year before expenses. This return is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Fund versus other funds. To do so, compare the expenses shown in this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses in the table are meant to highlight your ongoing costs only and do not include any transaction costs, such as sales charges (loads) (if applicable). Therefore, the information under the heading "Hypothetical (5% annual return before expenses)" is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transaction costs were included, your costs would have been higher.

Expense Example (Unaudited)

Neuberger Berman Income Funds
	ACTUAL									HYPOTHETICAL (5% ANNUAL RETURN BEFORE EXPENSES)
	Beginning Account Value 11/1/20		Ending Account Value 4/30/21		Expenses Paid During the Period⁽¹⁾11/1/20 - 4/30/21		Expense Ratio			Beginning Account Value 11/1/20		Ending Account Value 4/30/21		Expenses Paid During the Period⁽²⁾11/1/20 - 4/30/21		Expense Ratio
Core Bond Fund
Investor Class	$	1,000.00	$	1,000.70	$	3.87		0.78	%	$	1,000.00	$	1,020.93	$	3.91		0.78	%
Institutional Class	$	1,000.00	$	1,003.60	$	1.89		0.38	%	$	1,000.00	$	1,022.91	$	1.91		0.38	%
Class A	$	1,000.00	$	1,000.70	$	3.87		0.78	%	$	1,000.00	$	1,020.93	$	3.91		0.78	%
Class C	$	1,000.00	$	997.00	$	7.58		1.53	%	$	1,000.00	$	1,017.21	$	7.65		1.53	%
Class R6	$	1,000.00	$	1,003.20	$	1.39		0.28	%	$	1,000.00	$	1,023.41	$	1.40		0.28	%
Emerging Markets Debt Fund
Institutional Class	$	1,000.00	$	1,049.90	$	3.96		0.78	%	$	1,000.00	$	1,020.93	$	3.91		0.78	%
Class A	$	1,000.00	$	1,048.10	$	5.84		1.15	%	$	1,000.00	$	1,019.09	$	5.76		1.15	%
Class C	$	1,000.00	$	1,044.10	$	9.63		1.90	%	$	1,000.00	$	1,015.37	$	9.49		1.90	%
Floating Rate Income Fund
Institutional Class	$	1,000.00	$	1,057.30	$	3.32		0.65	%	$	1,000.00	$	1,021.57	$	3.26		0.65	%
Class A	$	1,000.00	$	1,055.40	$	5.20		1.02	%	$	1,000.00	$	1,019.74	$	5.11		1.02	%
Class C	$	1,000.00	$	1,051.50	$	9.00		1.77	%	$	1,000.00	$	1,016.02	$	8.85		1.77	%
High Income Bond Fund
Investor Class	$	1,000.00	$	1,078.50	$	4.38		0.85	%	$	1,000.00	$	1,020.58	$	4.26		0.85	%
Institutional Class	$	1,000.00	$	1,080.50	$	3.61		0.70	%	$	1,000.00	$	1,021.32	$	3.51		0.70	%
Class A	$	1,000.00	$	1,077.00	$	5.77		1.12	%	$	1,000.00	$	1,019.24	$	5.61		1.12	%
Class C	$	1,000.00	$	1,074.50	$	9.41		1.83	%	$	1,000.00	$	1,015.72	$	9.15		1.83	%
Class R3	$	1,000.00	$	1,075.90	$	6.90		1.34	%	$	1,000.00	$	1,018.15	$	6.71		1.34	%
Class R6	$	1,000.00	$	1,079.80	$	3.09		0.60	%	$	1,000.00	$	1,021.82	$	3.01		0.60	%
Municipal High Income Fund
Institutional Class	$	1,000.00	$	1,066.00	$	2.56		0.50	%	$	1,000.00	$	1,022.32	$	2.51		0.50	%
Class A	$	1,000.00	$	1,064.10	$	4.45		0.87	%	$	1,000.00	$	1,020.48	$	4.36		0.87	%
Class C	$	1,000.00	$	1,060.10	$	8.27		1.62	%	$	1,000.00	$	1,016.76	$	8.10		1.62	%
Municipal Impact Fund
Institutional Class	$	1,000.00	$	1,014.80	$	2.15		0.43	%	$	1,000.00	$	1,022.66	$	2.16		0.43	%
Class A	$	1,000.00	$	1,012.30	$	3.99		0.80	%	$	1,000.00	$	1,020.83	$	4.01		0.80	%
Class C	$	1,000.00	$	1,008.60	$	7.72		1.55	%	$	1,000.00	$	1,017.11	$	7.75		1.55	%
Municipal Intermediate Bond Fund
Investor Class	$	1,000.00	$	1,029.70	$	2.26		0.45	%	$	1,000.00	$	1,022.56	$	2.26		0.45	%
Institutional Class	$	1,000.00	$	1,030.40	$	1.51		0.30	%	$	1,000.00	$	1,023.31	$	1.51		0.30	%
Class A	$	1,000.00	$	1,028.60	$	3.37		0.67	%	$	1,000.00	$	1,021.47	$	3.36		0.67	%
Class C	$	1,000.00	$	1,024.70	$	7.13		1.42	%	$	1,000.00	$	1,017.75	$	7.10		1.42	%
Short Duration Bond Fund
Investor Class	$	1,000.00	$	1,029.90	$	2.72		0.54	%	$	1,000.00	$	1,022.12	$	2.71		0.54	%
Trust Class	$	1,000.00	$	1,028.80	$	3.22		0.64	%	$	1,000.00	$	1,021.62	$	3.21		0.64	%
Institutional Class	$	1,000.00	$	1,029.60	$	1.71		0.34	%	$	1,000.00	$	1,023.11	$	1.71		0.34	%
Class A	$	1,000.00	$	1,028.40	$	3.57		0.71	%	$	1,000.00	$	1,021.27	$	3.56		0.71	%
Class C	$	1,000.00	$	1,024.60	$	7.33		1.46	%	$	1,000.00	$	1,017.55	$	7.30		1.46	%

Expense Example (Unaudited) (cont'd)

Neuberger Berman Income Funds
	ACTUAL									HYPOTHETICAL (5% ANNUAL RETURN BEFORE EXPENSES)
	Beginning Account Value 11/1/20		Ending Account Value 4/30/21		Expenses Paid During the Period⁽¹⁾11/1/20 - 4/30/21		Expense Ratio			Beginning Account Value 11/1/20		Ending Account Value 4/30/21		Expenses Paid During the Period⁽²⁾11/1/20 - 4/30/21		Expense Ratio
Strategic Income Fund
Trust Class	$	1,000.00	$	1,065.70	$	4.81		0.94	%	$	1,000.00	$	1,020.13	$	4.71		0.94	%
Institutional Class	$	1,000.00	$	1,066.60	$	3.02		0.59	%	$	1,000.00	$	1,021.87	$	2.96		0.59	%
Class A	$	1,000.00	$	1,064.50	$	5.07		0.99	%	$	1,000.00	$	1,019.89	$	4.96		0.99	%
Class C	$	1,000.00	$	1,061.80	$	8.64		1.69	%	$	1,000.00	$	1,016.41	$	8.45		1.69	%
Class R6	$	1,000.00	$	1,067.20	$	2.51		0.49	%	$	1,000.00	$	1,022.36	$	2.46		0.49	%

(1) For each class, expenses are equal to the annualized expense ratio for the class, multiplied by the average account value over theperiod, multiplied by 181/365 (to reflect the one-half year period shown), unless otherwise indicated.

(2) Hypothetical expenses are equal to the annualized expense ratios for each class, multiplied by the average account value over the period (assuming a 5% annual return), multiplied by 181/365 (to reflect the one-half year period shown).

Legend April 30, 2021 (Unaudited)

Neuberger Berman Income Funds

Benchmarks:

BUBOR = Budapest Interbank Offer Rate

CETIP = Overnight Brazil

CLICP = Sinacofi Chile Interbank Rate Average

CPTFEMU = Eurostat Eurozone Harmonised Indices of Consumer Prices Ex Tobacco Unrevised Series NSA

EURIBOR = Euro Interbank Offered Rate

FRCPXTOB = France Consumer Price Index Ex Tobacco

IBRCOL = Colombia Overnight Interbank Reference Rate

KORIBOR = Korea Interbank Offered Rates

KWCDC = South Korean Won Certificate of Deposit Rate

JIBAR = Johannesburg Interbank Average Rate

LIBOR = London Interbank Offered Rate

MOSPRIME = Moscow Prime Offered Rate

PRIBOR = Prague Interbank Offer Rate

SOFR = Secured Overnight Financing Rate

SOFR30A = 30 Day Average Secured Overnight Financing Rate

TIIE = Mexican Interbank Equilibrium Interest Rate

THBFIX = Thai Baht Interest Rate Fixing

WIBOR = Poland Warsaw Interbank Offer Rate

Currency Abbreviations:

BRL = Brazilian Real

CLP = Chilean Peso

CNH^(a) = Chinese Yuan Renminbi

CNY^(a) = Chinese Yuan Renminbi

COP = Colombian Peso

CZK = Czech Koruna

DKK = Danish Krone

DOP = Dominican Peso

EGP = Egyptian Pound

EUR = Euro

GBP = Pound Sterling

GHS = Ghanaian Cedi

HUF = Hungarian Forint

IDR = Indonesian Rupiah

ILS = Israeli Shekel

INR = Indian Rupee

KRW = South Korean Won

KZT = Kazakhstani Tenge

MXN = Mexican Peso

MYR = Malaysian Ringgit

PEN = Peruvian Nuevo Sol

PHP = Philippine Peso

PLN = Polish Zloty

Currency Abbreviations (cont'd):

RON = New Romanian Leu

RUB = Russian Ruble

SGD = Singapore Dollar

THB = Thai Baht

TRY = Turkish Lira

TWD = Taiwan Dollar

UAH = Ukraine Hryvnia

USD = United States Dollar

UYU = Uruguayan Peso

VND = NDViet Nam Dong

ZAR = South African Rand

Non-Deliverable Forward Contracts:

BRL = Brazilian Real

CLP = Chilean Peso

COP = Colombian Peso

IDR = Indonesian Rupiah

KRW = South Korean Won

KZT = Kazakhstani Tenge

MYR = Malaysian Ringgit

PEN = Peruvian Nuevo Sol

PHP = Philippine Peso

RUB = Russian Ruble

SGD = Singapore Dollar

UAH = Ukraine Hryvnia

Counterparties:

BB = Barclays Bank plc

BNP = BNP Paribas SA

CITI = Citibank, N.A.

GSI = Goldman Sachs International

HSBC = HSBC Bank plc

JPM = JPMorgan Chase Bank N.A.

MS = Morgan Stanley Capital Services LLC

SCB = Standard Chartered Bank

SSB = State Street Bank and Trust Company

Clearinghouses:

CME = CME Group, Inc.

ICE CC = ICE Clear Credit LLC

LCH = LCH Clearnet Limited

Index Periods/Payment Frequencies:

1D = 1 Day

28D = 28 Days

1M = 1 Month

2M = 2 Months

3M = 3 Months

6M = 6 Months

1Y = 1 Year

T = Termination

(a) There is one official currency held in China, the Chinese Yuan Renminbi. CNY is traded onshore, in mainland China and CNH is traded offshore, mainly in the Hong Kong market, each at a different exchange rate.

Schedule of Investments Core Bond Fund^ (Unaudited) April 30, 2021

PRINCIPAL AMOUNT			VALUE
U.S. Treasury Obligations 36.6%
		U.S. Treasury Bonds
$	7,680,000	1.13%, due 5/15/2040	$	6,423,900
	7,380,000	3.00%, due 5/15/2045		8,401,381
	10,150,000	1.63%, due 11/15/2050		8,683,008
		U.S. Treasury Inflation-Indexed Bonds^(a)
	10,425,318	0.13%, due 1/15/2030		11,422,511
	529,243	2.13%, due 2/15/2040		769,490
	1,585,290	1.38%, due 2/15/2044		2,101,747
	1,493,346	0.25%, due 2/15/2050		1,591,794
		U.S. Treasury Notes
	113,105,000	0.13%, due 7/31/2022 – 8/31/2022		113,154,631
	19,175,000	0.50%, due 3/31/2025 – 10/31/2027		18,351,231
	1,975,000	2.88%, due 5/31/2025		2,155,373
	7,520,000	0.38%, due 11/30/2025		7,390,750
	5,905,000	0.75%, due 3/31/2026		5,881,934
	24,480,000	1.13%, due 2/15/2031		23,378,400
		Total U.S. Treasury Obligations (Cost $212,324,814)		209,706,150
U.S. Government Agency Securities 0.6%
	1,160,000	Federal Home Loan Bank, 5.50%, due 7/15/2036		1,690,205
	455,000	Federal National Mortgage Association, 5.63%, due 7/15/2037		680,942
	700,000	Tennessee Valley Authority, 5.25%, due 9/15/2039		978,051
		Total U.S. Government Agency Securities (Cost $2,852,529)		3,349,198
Mortgage-Backed Securities 39.3%
Collateralized Mortgage Obligations 4.6%
	652,762	Angel Oak Mortgage Trust, Ser. 2019-6, Class A1, 2.62%, due 11/25/2059		664,314	^(b)(c)
	1,341,437	Angel Oak Mortgage Trust I LLC, Ser. 2019-1, Class A1, 3.92%, due 11/25/2048		1,366,375	^(b)(c)
	180,322	Bear Stearns ALT-A Trust, Ser. 2004-8, Class 2A, (1M USD LIBOR + 0.68%), 0.79%, due 9/25/2034		180,217	^(d)
		Fannie Mae Connecticut Avenue Securities
	1,608,776	Ser. 2017-C03, Class 1M2, (1M USD LIBOR + 3.00%), 3.11%, due 10/25/2029		1,653,222	^(d)
	1,203,346	Ser. 2018-C01, Class 1M2, (1M USD LIBOR + 2.25%), 2.36%, due 7/25/2030		1,215,425	^(d)
	192,517	Ser. 2020-R02, Class 2M1, (1M USD LIBOR + 0.75%), 0.86%, due 1/25/2040		192,517	^(c)(d)
	2,573,846	Fannie Mae Interest Strip, Ser. 418, Class C24, 4.00%, due 8/25/2043		397,722	^(e)
		Fannie Mae Real Estate Mortgage Investment Conduits
	7,867	Ser. 2003-W5, Class A, (1M USD LIBOR + 0.11%), 0.33%, due 4/25/2033		7,696	^(d)
	1,688,889	Ser. 2012-15, Class S, (5.95% – 1M USD LIBOR), 5.84%, due 3/25/2042		347,004	^(d)(e)
	1,525,161	Ser. 2012-70, Class HS, (6.00% – 1M USD LIBOR), 5.89%, due 7/25/2042		290,285	^(d)(e)
	1,076,151	Ser. 2012-140, Class PI, 3.50%, due 12/25/2042		153,844	^(e)
	1,411,635	Ser. 2017-100, Class S, (6.15% – 1M USD LIBOR), 6.04%, due 12/25/2042		318,233	^(d)(e)
	960,443	Ser. 2013-6, Class SB, (6.10% – 1M USD LIBOR), 5.99%, due 2/25/2043		193,986	^(d)(e)
	1,141,024	Ser. 2013-18, Class PS, (6.10% – 1M USD LIBOR), 5.99%, due 3/25/2043		262,891	^(d)(e)
	2,336,228	Ser. 2015-32, Class SA, (6.20% – 1M USD LIBOR), 6.09%, due 5/25/2045		467,186	^(d)(e)
	1,487,958	Ser. 2016-32, Class LI, 3.50%, due 6/25/2046		237,957	^(e)
	671,858	Ser. 2016-40, Class SA, (5.85% – 1M USD LIBOR), 5.74%, due 7/25/2046		146,872	^(d)(e)
	2,007,324	Ser. 2016-95, Class US, (6.00% – 1M USD LIBOR), 5.89%, due 12/25/2046		463,789	^(d)(e)
	3,160,903	Ser. 2018-7, Class CI, 4.00%, due 2/25/2048		513,443	^(e)
	1,643,980	Ser. 2020-52, Class GI, 4.50%, due 8/25/2050		316,660	^(e)

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		Freddie Mac Real Estate Mortgage Investment Conduits
$	529,982	Ser. 4018, Class HS, (6.45% – 1M USD LIBOR), 6.34%, due 3/15/2042	$	96,404	^(d)(e)
	1,103,474	Ser. 4120, Class SV, (6.15% – 1M USD LIBOR), 6.04%, due 10/15/2042		223,399	^(d)(e)
	1,004,730	Ser. 4385, Class IA, 4.50%, due 9/15/2044		165,419	^(e)
	1,950,613	Ser. 4572, Class SA, (6.05% – 1M USD LIBOR), 5.94%, due 4/15/2046		426,245	^(d)(e)
		Freddie Mac Strips
	2,085,489	Ser. 303, Class C10, 3.50%, due 1/15/2033		268,091	^(e)
	1,203,289	Ser. 312, Class S1, (5.95% – 1M USD LIBOR), 5.84%, due 9/15/2043		250,635	^(d)(e)
		Freddie Mac Structured Agency Credit Risk Debt Notes
	948,358	Ser. 2017-DNA1, Class M2, (1M USD LIBOR + 3.25%), 3.36%, due 7/25/2029		984,565	^(d)
	450,000	Ser. 2017-DNA3, Class M2, (1M USD LIBOR + 2.50%), 2.61%, due 3/25/2030		460,204	^(d)
	1,702,449	Ser. 2017-HQA3, Class M2, (1M USD LIBOR + 2.35%), 2.46%, due 4/25/2030		1,728,713	^(d)
	753,421	Ser. 2018-HQA1, Class M2, (1M USD LIBOR + 2.30%), 2.41%, due 9/25/2030		760,980	^(d)
	2,236,609	Ser. 2019-CS03, Class M1, (1M USD LIBOR + 0.00%), 0.11%, due 10/25/2032		2,219,618	^(c)(d)
	3,103,730	Ser. 2020-HQA5, Class M1, (SOFR30A + 1.10%), 1.11%, due 11/25/2050		3,104,744	^(c)(d)
		Freddie Mac Structured Agency Credit Risk Debt Notes Real Estate Mortgage Investment Conduits
	1,395,000	Ser. 2021-DNA3, Class M2, (SOFR30A + 2.10%), 2.11%, due 10/25/2033		1,415,119	^(c)(d)
	298,515	Ser. 2020-DNA2, Class M1, (1M USD LIBOR + 0.75%), 0.86%, due 2/25/2050		298,515	^(c)(d)
	937,247	GCAT Trust, Ser. 2019-NQM3, Class A1, 2.69%, due 11/25/2059		961,941	^(b)(c)
		Government National Mortgage Association
	1,404,864	Ser. 2013-5, Class BI, 3.50%, due 1/20/2043		252,082	^(e)
	1,403,509	Ser. 2013-23, Class IT, 3.50%, due 2/20/2043		270,953	^(e)
	1,188,139	Ser. 2018-124, Class DS, (6.10% – 1M USD LIBOR), 5.98%, due 12/16/2043		252,038	^(d)(e)
	1,224,164	Ser. 2016-77, Class TS, (6.15% – 1M USD LIBOR), 6.03%, due 12/20/2044		233,672	^(d)(e)
	1,428,014	Ser. 2019-22, Class SA, (5.60% – 1M USD LIBOR), 5.48%, due 2/20/2045		300,700	^(d)(e)
	2,300,339	Ser. 2018-36, Class SC, (6.15% – 1M USD LIBOR), 6.03%, due 2/16/2047		460,901	^(d)(e)
	2,205,385	Ser. 2018-7, Class SA, (6.20% – 1M USD LIBOR), 6.08%, due 1/20/2048		428,832	^(d)(e)
	421,024	New Residential Mortgage Loan Trust, Ser. 2019-NQM5, Class A1, 2.71%, due 11/25/2059		430,589	^(b)(c)
	545,831	Starwood Mortgage Residential Trust, Ser. 2019-INV1, Class A1, 2.61%, due 9/27/2049		553,775	^(b)(c)
	666,037	Verus Securitization Trust, Ser. 2019-4, Class A1, 2.64%, due 11/25/2059		677,342	^(c)(f)
				26,615,114
Commercial Mortgage-Backed 6.0%
	1,390,852	BX Commercial Mortgage Trust, Ser. 2018-IND, Class A, (1M USD LIBOR + 0.75%), 0.87%, due 11/15/2035		1,390,852	^(c)(d)
	427,259	CD Mortgage Trust, Ser. 2018-CD7, Class A1, 3.28%, due 8/15/2051		437,880
		Citigroup Commercial Mortgage Trust
	1,093,000	Ser. 2013-GC11, Class B, 3.73%, due 4/10/2046		1,141,862	^(b)
	330,000	Ser. 2013-GC17, Class B, 5.10%, due 11/10/2046		352,528	^(b)
	745,000	Ser. 2014-GC23, Class B, 4.18%, due 7/10/2047		801,580	^(b)
	4,349,556	Ser. 2014-GC25, Class XA, 1.14%, due 10/10/2047		120,482	^(b)(e)
	2,274,404	Ser. 2015-GC27, Class XA, 1.48%, due 2/10/2048		93,885	^(b)(e)
	550,000	Ser. 2015-P1, Class A5, 3.72%, due 9/15/2048		605,714
	520,000	Ser. 2018-C6, Class A4, 4.41%, due 11/10/2051		600,316
		Commercial Mortgage Trust
	1,060,000	Ser. 2012-CR4, Class AM, 3.25%, due 10/15/2045		1,071,105
	1,000,000	Ser. 2013-LC6, Class B, 3.74%, due 1/10/2046		1,036,782
	500,000	Ser. 2014-CR15, Class B, 4.84%, due 2/10/2047		545,698	^(b)
	5,191,902	Ser. 2014-CR16, Class XA, 1.13%, due 4/10/2047		125,699	^(b)(e)
	2,799,864	Ser. 2014-LC15, Class XA, 1.25%, due 4/10/2047		69,137	^(b)(e)
	900,000	Ser. 2014-LC15, Class AM, 4.20%, due 4/10/2047		973,963
	5,028,517	Ser. 2014-CR17, Class XA, 1.13%, due 5/10/2047		118,697	^(b)(e)
	3,058,797	Ser. 2014-UBS3, Class XA, 1.23%, due 6/10/2047		84,539	^(b)(e)
	16,733,779	Ser. 2014-CR18, Class XA, 1.16%, due 7/15/2047		450,326	^(b)(e)

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	4,157,657	Ser. 2014-UBS6, Class XA, 1.03%, due 12/10/2047	$	104,176	^(b)(e)
	485,000	Ser. 2014-CR21, Class AM, 3.99%, due 12/10/2047		526,562
	1,105,000	Ser. 2015-LC21, Class A4, 3.71%, due 7/10/2048		1,212,430
	236,413	Ser. 2017-COR2, Class A1, 2.11%, due 9/10/2050		238,359
		CSAIL Commercial Mortgage Trust
	23,856,454	Ser. 2016-C5, Class XA, 1.08%, due 11/15/2048		802,324	^(b)(e)
	353,000	Ser. 2016-C7, Class A5, 3.50%, due 11/15/2049		386,509
	1,185,000	Ser. 2015-C1, Class B, 4.04%, due 4/15/2050		1,246,605	^(b)
	187,107	Ser. 2017-CX9, Class A1, 2.02%, due 9/15/2050		188,272
	1,280,000	Ser. 2017-CX9, Class A5, 3.45%, due 9/15/2050		1,392,208
	1,050,000	Ser. 2019-C15, Class A4, 4.05%, due 3/15/2052		1,187,527
		Freddie Mac Multifamily Structured Pass Through Certificates
	25,177,856	Ser. KW03, Class X1, 0.98%, due 6/25/2027		984,213	^(b)(e)
	63,186,000	Ser. K088, Class XAM, 0.56%, due 1/25/2029		2,078,895	^(b)(e)
	22,966,712	Ser. K090, Class X1, 0.85%, due 2/25/2029		1,180,004	^(b)(e)
	10,000,000	Ser. K098, Class XAM, 1.52%, due 8/25/2029		1,050,619	^(b)(e)
		GS Mortgage Securities Trust
	770,000	Ser. 2012-GCJ9, Class B, 3.75%, due 11/10/2045		795,729	^(c)
	9,298,623	Ser. 2014-GC18, Class XA, 1.17%, due 1/10/2047		208,605	^(b)(e)
	765,000	JPMBB Commercial Mortgage Securities Trust, Ser. 2015-C33, Class AS, 4.02%, due 12/15/2048		843,064
		Morgan Stanley Bank of America Merrill Lynch Trust
	3,510,316	Ser. 2014-C16, Class XA, 1.14%, due 6/15/2047		80,765	^(b)(e)
	59,491	Ser. 2017-C34, Class A1, 2.11%, due 11/15/2052		59,592
	1,000,000	Morgan Stanley Capital I Trust, Ser. 2017-H1, Class A5, 3.53%, due 6/15/2050		1,100,195
		UBS Commercial Mortgage Trust
	83,229	Ser. 2017-C4, Class A1, 2.13%, due 10/15/2050		83,373
	1,071,509	Ser. 2018-C14, Class A1, 3.38%, due 12/15/2051		1,097,937
		Wells Fargo Commercial Mortgage Trust
	725,000	Ser. 2012-LC5, Class B, 4.14%, due 10/15/2045		749,127
	500,000	Ser. 2015-C29, Class A4, 3.64%, due 6/15/2048		547,793
	670,000	Ser. 2015-NXS4, Class C, 4.86%, due 12/15/2048		727,923	^(b)
	225,000	Ser. 2016-LC24, Class A4, 2.94%, due 10/15/2049		240,799
	950,000	Ser. 2016-NXS6, Class A4, 2.92%, due 11/15/2049		1,011,010
	260,825	Ser. 2017-C39, Class A1, 1.98%, due 9/15/2050		262,440
	345,501	Ser. 2018-C46, Class A1, 3.16%, due 8/15/2051		353,358
	375,000	Ser. 2018-C46, Class A4, 4.15%, due 8/15/2051		426,001
	380,000	Ser. 2019-C50, Class A4, 3.47%, due 5/15/2052		412,290
	510,000	Ser. 2019-C51, Class A4, 3.31%, due 6/15/2052		552,988
		WF-RBS Commercial Mortgage Trust
	1,000,000	Ser. 2012-C8, Class B, 4.31%, due 8/15/2045		1,029,053
	5,629,869	Ser. 2014-C25, Class XA, 0.96%, due 11/15/2047		131,559	^(b)(e)
	13,132,689	Ser. 2014-C22, Class XA, 0.95%, due 9/15/2057		279,302	^(b)(e)
	560,000	Ser. 2014-C22, Class AS, 4.07%, due 9/15/2057		608,883	^(b)
				34,201,534
Fannie Mae 12.5%
		Pass-Through Certificates
	8,543,331	2.00%, due 1/1/2051 – 5/1/2051		8,637,688
	11,565,103	2.50%, due 8/1/2050 – 5/1/2051		12,018,043	^(g)(h)
	20,189,784	3.00%, due 10/1/2041 – 6/1/2051		21,260,597	^(g)(h)
	11,547,179	3.50%, due 12/1/2041 – 12/1/2049		12,443,391
	11,973,835	4.00%, due 1/1/2041 – 8/1/2048		13,059,901
	3,296,719	4.50%, due 4/1/2034 – 5/1/2050		3,641,209
	632,809	5.00%, due 6/1/2033 – 9/1/2041		725,908
				71,786,737

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Freddie Mac 6.1%
		Pass-Through Certificates
$	2,570,745	2.00%, due 12/1/2050 – 3/1/2051	$	2,598,650
	9,092,689	2.50%, due 7/1/2050 – 5/1/2051		9,444,784	^(g)
	4,529,998	3.00%, due 11/1/2046 – 3/1/2050		4,768,885
	7,584,682	3.50%, due 7/1/2042 – 1/1/2050		8,157,896
	7,495,538	4.00%, due 11/1/2040 – 5/1/2048		8,156,933
	1,364,951	4.50%, due 6/1/2039 – 6/1/2050		1,510,575
	71,431	5.00%, due 5/1/2023 – 5/1/2041		81,695
				34,719,418
Ginnie Mae 4.6%
		Pass-Through Certificates
	2,819,486	2.00%, due 2/20/2051 – 5/20/2051		2,878,104	^(g)
	3,863,188	2.50%, due 2/20/2051 – 4/20/2051		4,017,137	^(g)
	2,157,390	3.50%, due 1/20/2043 – 4/20/2050		2,310,303
	510,567	4.00%, due 11/20/2044 – 2/20/2050		553,626
	4,930,000	2.00%, TBA, 30 Year Maturity		5,030,526	⁽ⁱ⁾
	11,045,000	2.50%, TBA, 30 Year Maturity		11,480,760	⁽ⁱ⁾
				26,270,456
Uniform Mortgage-Backed Securities 5.5%
		Pass-Through Certificates
	4,595,000	2.00%, TBA, 30 Year Maturity, 2.00%, due 5/13/2051		4,640,591	⁽ⁱ⁾
	16,600,000	2.50%, TBA, 30 Year Maturity, 2.50%, due 5/13/2051		17,221,203	⁽ⁱ⁾
	8,925,000	3.00%, TBA, 30 Year Maturity, 3.00%, due 5/13/2051		9,348,240	⁽ⁱ⁾
	560,000	3.50%, TBA, 30 Year Maturity, 3.50%, due 5/13/2051		596,160	⁽ⁱ⁾
				31,806,194
		Total Mortgage-Backed Securities (Cost $225,746,140)		225,399,453
Corporate Bonds 27.3%
Aerospace & Defense 0.5%
		Boeing Co.
	365,000	3.90%, due 5/1/2049		365,481
	155,000	3.75%, due 2/1/2050		150,866
	1,915,000	5.81%, due 5/1/2050		2,458,586	^(j)
				2,974,933
Agriculture 1.3%
	1,500,000	Altria Group, Inc., 3.88%, due 9/16/2046		1,421,402
		BAT Capital Corp.
	1,410,000	4.91%, due 4/2/2030		1,590,108
	1,630,000	3.73%, due 9/25/2040		1,521,741
	1,000,000	5.28%, due 4/2/2050		1,085,649
	1,960,000	BAT International Finance PLC, 1.67%, due 3/25/2026		1,950,336	^(j)
				7,569,236

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Airlines 1.6%
$	5,345,000	Delta Air Lines, Inc./SkyMiles IP Ltd., 4.50%, due 10/20/2025	$	5,733,324	^(c)(j)
	3,240,368	United Airlines Pass Through Trust, Ser. 2020-1, Class A, 5.88%, due 10/15/2027		3,584,511	^(j)
				9,317,835
Auto Manufacturers 1.5%
	1,525,000	General Motors Co., 6.13%, due 10/1/2025		1,809,878	^(j)
		General Motors Financial Co., Inc.
	1,000,000	5.10%, due 1/17/2024		1,106,040
	2,230,000	3.60%, due 6/21/2030		2,370,068
		Volkswagen Group of America Finance LLC
	1,620,000	2.70%, due 9/26/2022		1,669,975	^(c)(j)
	1,610,000	3.35%, due 5/13/2025		1,742,662	^(c)(j)
				8,698,623
Banks 5.7%
		Bank of America Corp.
	1,410,000	3.97%, due 3/5/2029		1,572,407	^(k)
	860,000	2.50%, due 2/13/2031		862,491	^(k)
	795,000	4.08%, due 3/20/2051		892,565	^(k)
	1,440,000	Barclays PLC, 2.85%, due 5/7/2026		1,516,364	^(k)
	1,130,000	BNP Paribas SA, 3.05%, due 1/13/2031		1,171,065	^(c)(k)
		Citigroup, Inc.
	1,300,000	3.89%, due 1/10/2028		1,446,028	^(k)
	695,000	3.52%, due 10/27/2028		755,836	^(k)
	1,070,000	2.98%, due 11/5/2030		1,114,914	^(k)
	1,080,000	Credit Suisse Group AG, 4.19%, due 4/1/2031		1,194,213	^(c)(k)
	860,000	Development Bank of Japan, Inc., 0.50%, due 3/4/2024		859,510	^(c)
		Goldman Sachs Group, Inc.
	2,925,000	2.62%, due 4/22/2032		2,939,273	^(k)
	465,000	4.02%, due 10/31/2038		525,603	^(k)
	550,000	5.15%, due 5/22/2045		707,022
	1,345,000	HSBC Holdings PLC, 6.00%, due 5/22/2027		1,482,862	^(k)(l)
		JPMorgan Chase & Co.
	575,000	4.49%, due 3/24/2031		666,434	^(k)
	2,090,000	2.58%, due 4/22/2032		2,098,465	^(k)
	1,330,000	3.11%, due 4/22/2041		1,326,730	^(k)
	1,070,000	Lloyds Banking Group PLC, 1.33%, due 6/15/2023		1,079,988	^(k)
		Morgan Stanley
	2,355,000	3.59%, due 7/22/2028		2,592,043	^(j)(k)
	2,455,000	2.70%, due 1/22/2031		2,509,036	^(k)
	1,950,000	Natwest Group PLC, 3.03%, due 11/28/2035		1,901,445	^(j)(k)
		Wells Fargo & Co.
	2,605,000	2.57%, due 2/11/2031		2,632,664	^(j)(k)
	535,000	5.01%, due 4/4/2051		694,657	^(k)
				32,541,615
Beverages 0.6%
		Anheuser-Busch InBev Worldwide, Inc.
	865,000	4.60%, due 4/15/2048		997,564
	1,260,000	4.75%, due 4/15/2058		1,476,553
	610,000	5.80%, due 1/23/2059		832,997
				3,307,114

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Computers 1.0%
$	1,155,000	Apple, Inc., 4.65%, due 2/23/2046	$	1,475,290
	1,200,000	Dell International LLC/EMC Corp., 6.02%, due 6/15/2026		1,431,497	^(c)
	1,805,000	Diamond 1 Finance Corp./Diamond 2 Finance Corp., 5.45%, due 6/15/2023		1,969,286	^(c)(j)
	580,000	IBM Corp., 4.25%, due 5/15/2049		680,339
				5,556,412
Diversified Financial Services 1.6%
		AerCap Ireland Capital DAC/AerCap Global Aviation Trust
	1,700,000	4.45%, due 10/1/2025		1,867,641	^(j)
	1,500,000	1.75%, due 1/30/2026		1,470,715
		Air Lease Corp.
	1,210,000	2.30%, due 2/1/2025		1,243,581
	1,000,000	3.13%, due 12/1/2030		999,831
	1,595,000	Avolon Holdings Funding Ltd., 3.25%, due 2/15/2027		1,622,404	^(c)(j)
	2,165,000	Synchrony Financial, 2.85%, due 7/25/2022		2,217,740	^(j)
				9,421,912
Electric 0.7%
	600,000	Consolidated Edison Co. of New York, Inc., 3.95%, due 4/1/2050		662,822
	995,000	Exelon Corp., 4.70%, due 4/15/2050		1,207,154
		Pacific Gas and Electric Co.
	1,005,000	2.50%, due 2/1/2031		946,169
	1,000,000	3.30%, due 8/1/2040		888,828
				3,704,973
Food 0.7%
	1,415,000	Grupo Bimbo SAB de CV, 4.70%, due 11/10/2047		1,586,272	^(c)
	310,000	Kroger Co., 5.40%, due 1/15/2049		404,449
	1,325,000	Sysco Corp., 6.60%, due 4/1/2050		1,971,033
				3,961,754
Healthcare - Services 0.4%
		HCA, Inc.
	1,000,000	4.50%, due 2/15/2027		1,129,118
	940,000	5.25%, due 6/15/2049		1,155,864
				2,284,982
Insurance 0.2%
	1,015,000	AXA Equitable Holdings, Inc., 5.00%, due 4/20/2048		1,238,467
Media 1.2%
	2,450,000	Charter Communications Operating LLC/Charter Communications Operating Capital,		2,698,168 4.80%, due 3/1/2050	^(j)
	1,680,000	Fox Corp., 5.58%, due 1/25/2049		2,157,179	^(j)

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		ViacomCBS, Inc.
$	815,000	4.95%, due 1/15/2031	$	957,986
	1,030,000	4.20%, due 5/19/2032		1,148,558
				6,961,891
Mining 0.4%
		Anglo American Capital PLC
	805,000	3.63%, due 9/11/2024		870,748	^(c)
	1,100,000	5.38%, due 4/1/2025		1,264,090	^(c)
				2,134,838
Miscellaneous Manufacturer 0.5%
	1,290,000	General Electric Capital Corp., 5.88%, due 1/14/2038		1,688,253	^(j)
	1,065,000	General Electric Co., 4.35%, due 5/1/2050		1,185,788
				2,874,041
Oil & Gas 1.9%
	350,000	Canadian Natural Resources Ltd., 4.95%, due 6/1/2047		414,901
	905,000	ConocoPhillips, 4.88%, due 10/1/2047		1,128,824	^(c)
	1,375,000	Exxon Mobil Corp., 3.45%, due 4/15/2051		1,403,356
	1,705,000	Marathon Petroleum Corp., 4.70%, due 5/1/2025		1,924,129
		Occidental Petroleum Corp.
	1,280,000	3.20%, due 8/15/2026		1,244,800
	1,305,000	3.50%, due 8/15/2029		1,246,275
	470,000	4.30%, due 8/15/2039		414,643
	3,265,000	Phillips 66, 1.30%, due 2/15/2026		3,248,119	^(j)
				11,025,047
Pharmaceuticals 1.3%
		AbbVie, Inc.
	510,000	4.05%, due 11/21/2039		569,473
	1,110,000	4.70%, due 5/14/2045		1,321,386
	1,405,000	4.25%, due 11/21/2049		1,591,962
		Cigna Corp.
	165,000	4.80%, due 8/15/2038		199,259
	750,000	3.20%, due 3/15/2040		768,824
		CVS Health Corp.
	565,000	4.13%, due 4/1/2040		624,458
	1,195,000	5.05%, due 3/25/2048		1,469,482
	1,025,000	Upjohn, Inc., 2.70%, due 6/22/2030		1,012,739	^(c)
				7,557,583
Pipelines 2.1%
		Energy Transfer Operating L.P.
	1,000,000	3.75%, due 5/15/2030		1,040,626
	835,000	6.25%, due 4/15/2049		1,002,071
		Enterprise Products Operating LLC
	500,000	4.25%, due 2/15/2048		539,530
	1,070,000	3.20%, due 2/15/2052		985,860

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	1,535,000	Kinder Morgan Energy Partners L.P., 4.15%, due 2/1/2024	$	1,659,480	^(j)
	1,820,000	Kinder Morgan, Inc., 5.55%, due 6/1/2045		2,221,544
	1,170,000	MPLX L.P., 4.70%, due 4/15/2048		1,279,605
		Plains All American Pipeline L.P./PAA Finance Corp.
	530,000	4.65%, due 10/15/2025		587,806
	2,390,000	3.55%, due 12/15/2029		2,422,784	^(j)
				11,739,306
Retail 0.4%
	1,500,000	Home Depot, Inc., 3.30%, due 4/15/2040		1,593,141
	590,000	Walmart, Inc., 3.40%, due 6/26/2023		628,428
				2,221,569
Semiconductors 1.1%
		Broadcom, Inc.
	1,000,000	5.00%, due 4/15/2030		1,150,148
	1,650,000	4.15%, due 11/15/2030		1,803,649	^(j)
	1,950,000	3.50%, due 2/15/2041		1,882,069	^(c)(j)
	1,515,000	Microchip Technology, Inc., 4.33%, due 6/1/2023		1,624,737	^(j)
				6,460,603
Software 0.6%
	650,000	Fiserv, Inc., 4.40%, due 7/1/2049		758,012
		Oracle Corp.
	2,145,000	2.88%, due 3/25/2031		2,180,672
	465,000	4.00%, due 7/15/2046		485,620
				3,424,304
Telecommunications 2.0%
		AT&T, Inc.
	106,000	4.35%, due 6/15/2045		115,554
	1,271,000	4.50%, due 3/9/2048		1,394,096
	1,415,000	3.65%, due 6/1/2051		1,361,003
	344,000	3.55%, due 9/15/2055		316,868	^(c)
	2,081,000	3.65%, due 9/15/2059		1,918,945	^(c)
	1,590,000	British Telecommunications PLC, 3.25%, due 11/8/2029		1,676,825	^(c)(j)
		T-Mobile USA, Inc.
	555,000	4.38%, due 4/15/2040		615,862	^(c)
	1,420,000	4.50%, due 4/15/2050		1,601,490	^(c)
	1,620,000	Verizon Communications, Inc., 3.55%, due 3/22/2051		1,645,710
	750,000	Vodafone Group PLC, 4.88%, due 6/19/2049		910,100
				11,556,453
		Total Corporate Bonds (Cost $148,683,087)		156,533,491

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Asset-Backed Securities 4.2%
$	1,140,000	AM Capital Funding LLC, Ser. 2018-1, Class A, 4.98%, due 12/15/2023	$	1,193,703	^(c)
	800,000	ASSURANT CLO Ltd., Ser. 2019-1A, Class A1, (3M USD LIBOR + 1.39%), 1.57%, due 1/15/2033		806,297	^(c)(d)
	389,175	Centex Home Equity Loan Trust, Ser. 2005-D, Class M3, (1M USD LIBOR + 0.72%), 0.83%, due 10/25/2035		389,211	^(d)
	13,268	Chase Funding Mortgage Loan Asset-Backed Certificates, Ser. 2004-1, Class 2A2, (1M USD LIBOR + 0.46%), 0.57%, due 12/25/2033		12,568	^(d)
	1,550,000	CIFC Funding Ltd., Ser. 2019-5A, Class A1, (3M USD LIBOR + 1.34%), 1.52%, due 10/15/2032		1,549,344	^(c)(d)
	528,579	Corevest American Finance Trust, Ser. 2019-1, Class A, 3.32%, due 3/15/2052		562,440	^(c)
	1,000,000	Eaton Vance CLO Ltd., Ser. 2013-1A, Class A13R, (3M USD LIBOR + 1.25%), 1.43%, due 1/15/2034		1,002,642	^(c)(d)
	1,900,000	Elmwood CLO III Ltd., Ser. 2019-3A, Class A1, (3M USD LIBOR + 1.37%), 1.55%, due 10/15/2032		1,906,178	^(c)(d)
	1,672	Fannie Mae Grantor Trust, Ser. 2002-T5, Class A1, (1M USD LIBOR + 0.24%), 0.35%, due 5/25/2032		1,664	^(d)
	1,500,000	Kayne CLO 5 Ltd., Ser. 2019-5A, Class A, (3M USD LIBOR + 1.35%), 1.53%, due 7/24/2032		1,501,354	^(c)(d)
	900,000	Magnetite XXIV Ltd., Ser. 2019-24A, Class A, (3M USD LIBOR + 1.33%), 1.51%, due 1/15/2033		901,813	^(c)(d)
	1,438,181	Navient Student Loan Trust, Ser. 2019-7A, Class A1, (1M USD LIBOR + 0.50%), 0.61%, due 1/25/2068		1,441,077	^(c)(d)
	2,200,000	Octagon Investment Partners 44 Ltd., Ser. 2019-1A, Class A, (3M USD LIBOR + 1.30%), 1.49%, due 7/20/2032		2,200,806	^(c)(d)
	1,000,000	PPM CLO 3 Ltd., Ser. 2019-3A, Class AR, (3M USD LIBOR + 1.09%), 1.28%, due 4/17/2034		996,262	^(c)(d)
	1,021,419	Residential Asset Securities Corp., Ser. 2005-KS12, Class M2, (1M USD LIBOR + 0.46%), 0.80%, due 1/25/2036		1,018,775	^(d)
	8,946	Saxon Asset Securities Trust, Ser. 2004-1, Class A, (1M USD LIBOR + 0.54%), 0.65%, due 3/25/2035		8,594	^(d)
	2,200,000	Southwick Park CLO LLC, Ser. 2019-4A, Class A1, (3M USD LIBOR + 1.30%), 1.49%, due 7/20/2032		2,200,894	^(c)(d)
	2,000,000	TCI-Flatiron CLO Ltd., Ser. 2018-1A, Class ANR, (3M USD LIBOR + 1.06%), 1.24%, due 1/29/2032		1,994,360	^(c)(d)
	500,000	Thayer Park CLO Ltd., Ser. 2017-1A, Class A1R, (3M USD LIBOR + 1.04%), 1.23%, due 4/20/2034		497,569	^(c)(d)
	700,000	TRESTLES CLO Ltd., Ser. 2017-1A, Class A1R, (3M USD LIBOR + 0.99%), 1.93%, due 4/25/2032		698,239	^(c)(d)
	3,050,000	Voya CLO Ltd., Ser. 2019-2A, Class A, (3M USD LIBOR + 1.27%), 1.46%, due 7/20/2032		3,056,496	^(c)(d)
		Total Asset-Backed Securities (Cost $23,636,613)		23,940,286
Foreign Government Securities 0.4%
	2,000,000	Mexico Government International Bond, 2.66%, due 5/24/2031 (Cost $2,023,581)		1,923,380
NUMBER OF SHARES
Short-Term Investments 3.7%
Investment Companies 3.7%
	21,263,008	State Street Institutional U.S. Government Money Market Fund Premier Class, 0.03%^(m) (Cost $21,263,008)		21,263,008	^(j)
		Total Investments 112.1% (Cost $636,529,772)		642,114,966
		Liabilities Less Other Assets (12.1)%		(69,057,833	)⁽ⁿ⁾
		Net Assets 100.0%	$	573,057,133

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

(a) Index-linked bond whose principal amount adjusts according to a government retail price index.

(b) Variable or floating rate security where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of April 30, 2021.

(c) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $67,849,572, which represents 11.8% of net assets of the Fund.

(d) Variable or floating rate security. The interest rate shown was the current rate as of April 30, 2021 and changes periodically.

(e) Interest only security. These securities represent the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the "interest only" holding.

(f) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the current rate as of April 30, 2021.

(g) All or a portion of this security was purchased on a delayed delivery basis.

(h) When-issued security. Total value of all such securities at April 30, 2021, amounted to $2,544,060, which represents 0.4% of net assets of the Fund.

(i) TBA (To Be Announced) Securities are purchased/sold on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal amount and maturity date will be determined upon settlement when the specific mortgage pools are assigned. Total value of all such securities (excluding forward sales contracts, if any) at April 30, 2021 amounted to $48,317,480, which represents 8.4% of net assets of the Fund.

(j) All or a portion of this security is segregated in connection with obligations for to be announced securities, futures, when-issued and/or delayed delivery securities with a total value of $74,478,880.

(k) Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(l) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date shown reflects the next call date.

(m) Represents 7-day effective yield as of April 30, 2021.

(n) Includes the impact of the Fund's open positions in derivatives at April 30, 2021.

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

Derivative Instruments

Futures contracts ("futures")

At April 30, 2021, open positions in futures for the Fund were as follows:

Long Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
6/2021		30	U.S. Treasury Long Bond	$	4,717,500	$	(105,272	)
6/2021		656	U.S. Treasury Note, 5 Year		81,303,000		(539,242	)
6/2021		12	U.S. Treasury Ultra Bond		2,230,875		(1,125	)
Total Long Positions				$	88,251,375	$	(645,639	)

Short Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount			Value and Unrealized Appreciation/ (Depreciation)
6/2021		79	U.S. Treasury Note, 2 Year	$	(17,439,867	)	$	14,749
6/2021		299	U.S. Treasury Note, Ultra 10 Year		(43,518,516	)		434,930
Total Short Positions				$	(60,958,383	)	$	449,679
Total Futures							$	(195,960	)

At April 30, 2021, the Fund had $547,050 deposited in a segregated account to cover margin requirements on open futures.

For the six months ended April 30, 2021, the average notional value for the months where the Fund had futures outstanding was $49,331,282 for long positions and $(53,687,806) for short positions.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3		Total
Investments:
U.S. Treasury Obligations	$	—	$	209,706,150	$	—	$	209,706,150
U.S. Government Agency Securities		—		3,349,198		—		3,349,198
Mortgage-Backed Securities^(a)		—		225,399,453		—		225,399,453
Corporate Bonds^(a)		—		156,533,491		—		156,533,491
Asset-Backed Securities		—		23,940,286		—		23,940,286
Foreign Government Securities		—		1,923,380		—		1,923,380
Short-Term Investments		—		21,263,008		—		21,263,008
Total Investments	$	—	$	642,114,966	$	—	$	642,114,966

(a)The Schedule of Investments provides information on the industry or sector categorization for the portfolio.

See Notes to Financial Statements

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2021:

Other Financial Instruments

	Level 1			Level 2		Level 3		Total
Futures^(a)
Assets	$	449,679		$	—	$	—	$	449,679
Liabilities		(645,639	)		—		—		(645,639	)
Total	$	(195,960	)	$	—	$	—	$	(195,960	)

(a)Futures are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited)
April 30, 2021

PRINCIPAL AMOUNT^(a)			VALUE
Corporate Bonds 31.5%
Argentina 0.3%
$	200,000	MercadoLibre, Inc., 3.13%, due 1/14/2031	$	191,300
	90,000	Pampa Energia SA, 7.38%, due 7/21/2023		84,150	^(b)
		YPF SA
	92,000	8.50%, due 3/23/2025		75,808	^(c)
	260,000	8.50%, due 7/28/2025		188,708	^(b)
	225,000	7.00%, due 12/15/2047		127,127	^(b)
				667,093
Azerbaijan 1.1%
		Southern Gas Corridor CJSC
	200,000	6.88%, due 3/24/2026		240,016	^(b)
	1,600,000	6.88%, due 3/24/2026		1,920,128	^(b)(d)
				2,160,144
Bahrain 0.2%
	200,000	BBK BSC, 5.50%, due 7/9/2024		211,765	^(b)
	219,000	Oil & Gas Holding Co., 7.63%, due 11/7/2024		245,479	^(c)
				457,244
Brazil 2.6%
	200,000	B2W Digital Luxembourg S.a.r.l., 4.38%, due 12/20/2030		197,312	^(c)
	200,000	Banco do Brasil SA, 9.00%, due 6/18/2024		218,602	^(b)(e)(f)
	200,000	Braskem Netherlands Finance BV, 8.50%, due 1/23/2081		231,000	^(c)(e)
	200,000	BRF SA, 4.88%, due 1/24/2030		205,372	^(c)
	200,000	Cemig Geracao e Transmissao SA, 9.25%, due 12/5/2024		230,700	^(b)
	200,000	CSN Inova Ventures, 6.75%, due 1/28/2028		217,360	^(b)
	327,000	CSN Resources SA, 7.63%, due 4/17/2026		351,590	^(c)(d)
	250,000	Embraer Netherlands Finance BV, 6.95%, due 1/17/2028		281,543	^(b)
	260,000	FS Luxembourg S.a.r.l., 10.00%, due 12/15/2025		283,816	^(c)
	451,000	Klabin Austria GmbH, 3.20%, due 1/12/2031		429,582	^(c)(d)
	296,198	MV24 Capital BV, 6.75%, due 6/1/2034		313,709	^(c)
	267,000	Natura Cosmeticos SA, 4.13%, due 5/3/2028		271,005	^(c)(g)
	200,000	NBM U.S. Holdings, Inc., 7.00%, due 5/14/2026		215,000	^(b)
	528,000	Petrobras Global Finance BV, 5.60%, due 1/3/2031		569,976
		Rumo Luxembourg S.a.r.l.
	200,000	5.25%, due 1/10/2028		212,600	^(c)
	200,000	5.25%, due 1/10/2028		212,600	^(b)
	200,000	Simpar Europe SA, 5.20%, due 1/26/2031		201,752	^(c)
	213,000	Suzano Austria GmbH, 5.00%, due 1/15/2030		234,194
	200,000	Unigel Luxembourg SA, 8.75%, due 10/1/2026		216,000	^(c)
	106,000	Vale Overseas Ltd., 3.75%, due 7/8/2030		111,512
				5,205,225
Chile 1.0%
	200,000	AES Gener SA, 7.13%, due 3/26/2079		211,500	^(c)(e)
	250,000	Celulosa Arauco y Constitucion SA, 4.20%, due 1/29/2030		270,000	^(b)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		Codelco, Inc.
$	238,000	3.00%, due 9/30/2029	$	244,657	^(c)
	200,000	3.15%, due 1/14/2030		207,054	^(b)
	204,000	4.38%, due 2/5/2049		228,433	^(c)
	200,000	Empresa Nacional del Petroleo, 3.75%, due 8/5/2026		211,332	^(b)
	200,000	Inversiones CMPC SA, 3.00%, due 4/6/2031		198,300	^(c)
	200,000	Kenbourne Invest SA, 6.88%, due 11/26/2024		212,660	^(b)
	200,000	VTR Finance NV, 6.38%, due 7/15/2028		216,000	^(c)
				1,999,936
China 3.6%
	200,000	Alibaba Group Holding Ltd., 4.00%, due 12/6/2037		216,247
		China Evergrande Group
	200,000	8.25%, due 3/23/2022		196,096	^(b)
	200,000	8.75%, due 6/28/2025		163,025	^(b)
		China Minmetals Corp.
	210,000	4.45%, due 5/13/2021		209,527	^(b)(e)(f)
	616,000	3.75%, due 11/13/2022		620,625	^(b)(e)(f)
	200,000	China Overseas Finance Cayman VI Ltd., 5.95%, due 5/8/2024		225,880	^(b)
	200,000	Chinalco Capital Holdings Ltd., 4.25%, due 4/21/2022		202,132	^(b)
	200,000	CIFI Holdings Group Co. Ltd., 5.95%, due 10/20/2025		210,522	^(b)
	200,000	CMB Int'l Leasing Management Ltd., 1.88%, due 8/12/2025		196,581	^(b)
	200,000	Country Garden Holdings Co. Ltd., 4.80%, due 8/6/2030		209,119	^(b)
	201,000	Dianjian Int'l Finance Ltd., 4.60%, due 3/13/2023		206,126	^(b)(e)(f)
	700,000	Franshion Brilliant Ltd., 4.25%, due 7/23/2029		689,294	^(b)(d)
	200,000	Greenland Global Investment Ltd., 6.75%, due 6/25/2022		191,093	^(b)
	200,000	Haidilao Int'l Holding Ltd., 2.15%, due 1/14/2026		197,664	^(b)
	200,000	Huarong Finance 2017 Co. Ltd., 4.00%, due 11/7/2022		127,500	^(b)(e)(f)
	250,000	Huarong Finance 2019 Co. Ltd., 4.50%, due 5/29/2029		184,375	^(b)
		Kaisa Group Holdings Ltd.
	200,000	9.38%, due 6/30/2024		198,612	^(b)
	200,000	11.25%, due 4/16/2025		203,011	^(b)
	200,000	Lenovo Group Ltd., 5.88%, due 4/24/2025		226,690	^(b)
	200,000	Meituan, 3.05%, due 10/28/2030		193,818	^(b)
	200,000	Minmetals Bounteous Finance BVI Ltd., 3.38%, due 9/3/2024		203,196	^(b)(e)(f)
	200,000	Myriad Int'l Holdings, 5.50%, due 7/21/2025		227,837	^(b)
	201,000	Powerchina Roadbridge Group British Virgin Islands Ltd., 3.08%, due 4/1/2026		200,196	^(b)(e)(f)
	200,000	Prosus NV, 3.68%, due 1/21/2030		209,075	^(c)
	200,000	RKPF Overseas 2020 A Ltd., 5.20%, due 1/12/2026		199,908	^(b)
	207,000	Shanghai Port Group BVI Development 2 Co. Ltd., 2.38%, due 7/13/2030		200,566	^(b)
	321,000	Sinopec Group Overseas Development 2018 Ltd., 2.30%, due 1/8/2031		310,580	^(c)
		Sunac China Holdings Ltd.
	218,000	7.00%, due 7/9/2025		223,990	^(b)
	200,000	6.50%, due 1/26/2026		200,422	^(b)
	200,000	Tencent Holdings Ltd., 3.60%, due 1/19/2028		214,666	^(b)
	200,000	ZhongAn Online P&C Insurance Co. Ltd., 3.13%, due 7/16/2025		200,418	^(b)
				7,258,791
Colombia 1.7%
		Banco de Bogota SA
	200,000	6.25%, due 5/12/2026		223,200	^(b)
	200,000	4.38%, due 8/3/2027		212,626	^(b)
	200,000	Bancolombia SA, 4.63%, due 12/18/2029		201,626	^(e)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		Ecopetrol SA
$	700,000	7.38%, due 9/18/2043	$	867,090	^(d)
	400,000	5.88%, due 5/28/2045		425,644	^(d)
		Empresas Publicas de Medellin ESP
COP	807,000,000	7.63%, due 9/10/2024		220,992	^(c)
COP	1,600,000,000	8.38%, due 11/8/2027		431,692	^(c)(d)
COP	437,000,000	Financiera de Desarrollo Territorial SA Findeter, 7.88%, due 8/12/2024		124,138	^(c)
$	200,000	Geopark Ltd., 5.50%, due 1/17/2027		205,700	^(b)
		Millicom Int'l Cellular SA
	270,000	6.25%, due 3/25/2029		301,725	^(b)
	200,000	4.50%, due 4/27/2031		212,500	^(b)
				3,426,933
Ghana 0.2%
	200,000	Kosmos Energy Ltd., 7.13%, due 4/4/2026		195,000	^(c)
	200,000	Tullow Oil PLC, 6.25%, due 4/15/2022		196,500	^(b)
				391,500
Guatemala 0.3%
	250,000	Central American Bottling Corp., 5.75%, due 1/31/2027		263,125	^(c)
	200,000	Investment Energy Resources Ltd., 6.25%, due 4/26/2029		213,200	^(c)
				476,325
Hong Kong 1.0%
	200,000	AIA Group Ltd., 3.20%, due 9/16/2040		199,063	^(b)
	200,000	Celestial Miles Ltd., 5.75%, due 1/31/2024		212,265	^(b)(e)(f)
	250,000	FWD Group Ltd., 5.75%, due 7/9/2024		263,809	^(b)
	200,000	JMH Co. Ltd., 2.50%, due 4/9/2031		197,471	^(b)
		Melco Resorts Finance Ltd.
	400,000	5.63%, due 7/17/2027		423,200	^(b)
	200,000	5.75%, due 7/21/2028		215,100	^(c)
	400,000	NWD MTN Ltd., 4.13%, due 7/18/2029		410,335	^(b)(d)
				1,921,243
India 1.6%
	200,000	ABJA Investment Co. Pte Ltd., 5.45%, due 1/24/2028		206,562	^(b)
	200,000	Adani Electricity Mumbai Ltd., 3.95%, due 2/12/2030		200,189	^(c)
	200,000	Adani Ports & Special Economic Zone Ltd., 4.20%, due 8/4/2027		209,998	^(c)
	200,000	Bharti Airtel Ltd., 3.25%, due 6/3/2031		195,088	^(c)
	200,000	Greenko Dutch BV, 3.85%, due 3/29/2026		203,100	^(c)
	200,000	JSW Steel Ltd., 5.95%, due 4/18/2024		213,927	^(b)
	200,000	Oil India Ltd., 5.13%, due 2/4/2029		221,779	^(b)
	200,000	Periama Holdings LLC, 5.95%, due 4/19/2026		212,856	^(b)
	200,000	Power Finance Corp. Ltd., 3.95%, due 4/23/2030		201,338	^(b)
		REC Ltd.
	208,000	3.50%, due 12/12/2024		217,515	^(b)
	260,000	2.25%, due 9/1/2026		250,952	^(b)
	250,000	Reliance Industries Ltd., 3.67%, due 11/30/2027		269,367	^(b)
	200,000	Shriram Transport Finance Co. Ltd., 4.40%, due 3/13/2024		198,500	^(b)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	200,000	Vedanta Resources Finance II PLC, 8.95%, due 3/11/2025	$	198,200	^(c)
	200,000	Vedanta Resources PLC, 7.13%, due 5/31/2023		187,300	^(b)
				3,186,671
Indonesia 0.6%
	200,000	Medco Bell Pte Ltd., 6.38%, due 1/30/2027		204,800	^(b)
	200,000	Medco Oak Tree Pte Ltd., 7.38%, due 5/14/2026		217,000	^(b)
		Perusahaan Listrik Negara PT
EUR	200,000	1.88%, due 11/5/2031		236,894	^(c)
$	200,000	6.15%, due 5/21/2048		246,250	^(c)
	400,000	Saka Energi Indonesia PT, 4.45%, due 5/5/2024		336,000	^(b)(d)
				1,240,944
Israel 1.0%
	312,000	Bank Leumi Le-Israel BM, 3.28%, due 1/29/2031		321,360	^(b)(d)(e)
	75,949	Energean Israel Finance Ltd., 4.88%, due 3/30/2026		78,359	^(b)
	339,684	Leviathan Bond Ltd., 6.50%, due 6/30/2027		376,802	^(b)
	200,000	Mizrahi Tefahot Bank Ltd., 3.08%, due 4/7/2031		203,000	^(b)(e)
		Teva Pharmaceutical Finance Netherlands III BV
	400,000	7.13%, due 1/31/2025		436,056
	550,000	3.15%, due 10/1/2026		516,450	^(d)
				1,932,027
Kazakhstan 0.8%
	200,000	Development Bank of Kazakhstan JSC, 2.95%, due 5/6/2031		198,738	^(c)(g)
		KazMunayGas National Co. JSC
	200,000	5.38%, due 4/24/2030		237,453	^(b)
	297,000	3.50%, due 4/14/2033		307,448	^(c)
	560,000	5.75%, due 4/19/2047		672,526	^(b)(d)
	200,000	Tengizchevroil Finance Co. International Ltd., 3.25%, due 8/15/2030		204,172	^(c)
				1,620,337
Korea 0.5%
	316,000	Hanwha Life Insurance Co. Ltd., 4.70%, due 4/23/2023		329,035	^(c)(d)(e)(f)
	200,000	Kookmin Bank, 2.50%, due 11/4/2030		194,592	^(b)
	250,000	Shinhan Bank Co. Ltd., 4.50%, due 3/26/2028		279,698	^(b)
	200,000	Shinhan Financial Group Co. Ltd., 5.88%, due 8/13/2023		215,736	^(b)(e)(f)
				1,019,061
Kuwait 0.4%
		MEGlobal Canada ULC
	200,000	5.00%, due 5/18/2025		223,750	^(c)
	200,000	5.88%, due 5/18/2030		244,300	^(b)
	200,000	NBK Tier 1 Financing 2 Ltd., 4.50%, due 8/27/2025		208,500	^(c)(e)(f)
				676,550
Luxembourg 0.2%
	400,000	Altice Financing SA, 7.50%, due 5/15/2026		415,580	^(b)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Macau 0.7%
$	400,000	Sands China Ltd., 5.40%, due 8/8/2028	$	453,104
	800,000	Studio City Finance Ltd., 6.50%, due 1/15/2028		864,104	^(b)
				1,317,208
Malaysia 0.1%
	200,000	TNB Global Ventures Capital Bhd, 4.85%, due 11/1/2028		229,787	^(b)
Mexico 3.3%
	275,000	America Movil SAB de CV, 3.63%, due 4/22/2029		299,271
		Banco Mercantil del Norte SA
	200,000	6.75%, due 9/27/2024		210,500	^(b)(e)(f)
	200,000	7.63%, due 1/10/2028		221,500	^(b)(e)(f)
	150,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, 5.38%, due 4/17/2025		169,001	^(c)
	200,000	Braskem Idesa SAPI, 7.45%, due 11/15/2029		202,600	^(b)
	200,000	Cemex SAB de CV, 7.38%, due 6/5/2027		226,800	^(c)
		Comision Federal de Electricidad
MXN	6,480,000	Ser. 14-2, 7.35%, due 11/25/2025		303,458
$	200,000	3.35%, due 2/9/2031		192,352	^(c)
	200,000	Fresnillo PLC, 4.25%, due 10/2/2050		196,000	^(c)
	400,000	Industrias Penoles SAB de CV, 4.15%, due 9/12/2029		432,056	^(b)
	200,000	Mexichem SAB de CV, 5.88%, due 9/17/2044		234,810	^(b)
	258,000	Minera Mexico SA de CV, 4.50%, due 1/26/2050		271,545	^(c)
		Petroleos Mexicanos
	41,000	6.88%, due 8/4/2026		44,567
MXN	32,722,700	Ser. 14-2, 7.47%, due 11/12/2026		1,425,199	^(d)
$	279,000	6.84%, due 1/23/2030		286,673
	510,000	5.95%, due 1/28/2031		492,354	^(d)
	249,000	6.35%, due 2/12/2048		212,180
	604,000	7.69%, due 1/23/2050		581,350
	69,000	6.95%, due 1/28/2060		61,058
	200,000	Sigma Alimentos SA de CV, 4.13%, due 5/2/2026		216,800	^(b)
	379,000	Total Play Telecomunicaciones SA de CV, 7.50%, due 11/12/2025		379,000	^(c)
				6,659,074
Netherlands 0.1%
	239,000	Veon Holdings BV, 4.00%, due 4/9/2025		251,022	^(c)
Nigeria 0.3%
		IHS Netherlands Holdco BV
	200,000	8.00%, due 9/18/2027		217,000	^(c)
	200,000	8.00%, due 9/18/2027		217,003	^(b)
	200,000	SEPLAT Petroleum Development Co. PLC, 7.75%, due 4/1/2026		204,500	^(c)
				638,503
Oman 0.1%
	242,000	Oztel Holdings SPC Ltd., 6.63%, due 4/24/2028		269,382	^(c)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Panama 0.4%
		C&W Senior Financing Designated Activity Co.
$	200,000	6.88%, due 9/15/2027	$	212,000	^(b)
	200,000	6.88%, due 9/15/2027		212,000	^(c)
	206,000	Cable Onda SA, 4.50%, due 1/30/2030		218,360	^(c)
	200,000	Empresa de Transmision Electrica SA, 5.13%, due 5/2/2049		219,600	^(b)
				861,960
Paraguay 0.1%
	200,000	Telefonica Celular del Paraguay SA, 5.88%, due 4/15/2027		212,822	^(c)
Peru 1.5%
		Banco de Credito del Peru
	200,000	3.13%, due 7/1/2030		198,050	^(c)(e)
	251,000	3.13%, due 7/1/2030		248,553	^(b)(e)
PEN	843,000	Fondo MIVIVIENDA SA, 7.00%, due 2/14/2024		253,332	^(c)
$	200,000	Hunt Oil Co. of Peru LLC Sucursal Del Peru, 6.38%, due 6/1/2028		203,838	^(b)
	205,000	Inkia Energy Ltd., 5.88%, due 11/9/2027		207,784	^(c)(h)
	225,000	Kallpa Generacion SA, 4.13%, due 8/16/2027		231,187	^(b)
		Nexa Resources SA
	200,000	6.50%, due 1/18/2028		223,000	^(c)
	200,000	6.50%, due 1/18/2028		223,000	^(b)
	247,000	Petroleos del Peru SA, 5.63%, due 6/19/2047		254,410	^(c)
	564,000	Southern Copper Corp., 6.75%, due 4/16/2040		785,825	^(d)
	100,000	Volcan Cia Minera SAA, 4.38%, due 2/11/2026		98,643	^(c)
				2,927,622
Qatar 0.3%
	100,000	Nakilat, Inc., 6.07%, due 12/31/2033		122,770	^(b)
	200,000	Ooredoo Int'l Finance Ltd., 2.63%, due 4/8/2031		201,816	^(c)
	200,000	QIB Sukuk Ltd., 3.98%, due 3/26/2024		215,027	^(b)
				539,613
Russia 0.7%
		Gazprom PJSC Via Gaz Finance PLC
	280,000	3.25%, due 2/25/2030		276,764	^(c)
	200,000	3.25%, due 2/25/2030		197,688	^(b)
	273,000	GTLK Europe Capital Designated Activity Co., 4.95%, due 2/18/2026		289,920	^(b)
	250,000	Lukoil Securities BV, 3.88%, due 5/6/2030		262,700	^(c)
	300,000	Vnesheconombank Via VEB Finance PLC, 6.80%, due 11/22/2025		352,500	^(b)(d)
				1,379,572
Saudi Arabia 0.9%
	200,000	Arabian Centres Sukuk II Ltd., 5.63%, due 10/7/2026		206,120	^(c)
	300,000	Samba Funding Ltd., 2.75%, due 10/2/2024		312,916	^(b)
		Saudi Arabian Oil Co.
	700,000	4.25%, due 4/16/2039		763,274	^(b)(d)
	200,000	4.38%, due 4/16/2049		219,740	^(b)
	200,000	Saudi Electricity Global Sukuk Co. 4, 4.22%, due 1/27/2024		216,676	^(b)
				1,718,726

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)				VALUE
Singapore 0.5%
$	600,000		BOC Aviation Ltd., 3.00%, due 9/11/2029	$	600,228	^(b)
	200,000		DBS Group Holdings Ltd., 4.52%, due 12/11/2028		216,608	^(c)(e)
	240,000		United Overseas Bank Ltd., 2.00%, due 10/14/2031		238,752	^(c)(e)
					1,055,588
South Africa 0.9%
	206,000		Eskom Holdings SOC Ltd., 6.35%, due 8/10/2028		223,510	^(c)
	200,000		FirstRand Bank Ltd., 6.25%, due 4/23/2028		210,032	^(b)(e)
	250,000		Gold Fields Orogen Holdings BVI Ltd., 6.13%, due 5/15/2029		294,375	^(b)
			SASOL Financing USA LLC
	600,000	��	5.88%, due 3/27/2024		639,900
	400,000		6.50%, due 9/27/2028		443,380
					1,811,197
Supranational 0.4%
	200,000		Africa Finance Corp., 2.88%, due 4/28/2028		198,500	^(c)
	200,000		African Export-Import Bank, 3.99%, due 9/21/2029		209,509	^(b)
			Banque Ouest Africaine de Developpement
	205,000		5.00%, due 7/27/2027		226,254	^(c)
	200,000		4.70%, due 10/22/2031		212,950	^(c)
					847,213
Thailand 0.3%
	200,000		Bangkok Bank PCL, 3.73%, due 9/25/2034		203,110	^(b)(e)
	200,000		Krung Thai Bank PCL, 4.40%, due 3/25/2026		201,254	^(b)(e)(f)
	240,000		PTTEP Treasury Center Co. Ltd., 3.90%, due 12/6/2059		240,733	^(c)
					645,097
Turkey 0.9%
	200,000		Akbank TAS, 5.13%, due 3/31/2025		198,901	^(c)
	200,000		QNB Finansbank AS, 6.88%, due 9/7/2024		211,935	^(b)
	200,000		SISECAM, 6.95%, due 3/14/2026		220,533	^(c)
	200,000		Turk Telekomunikasyon AS, 6.88%, due 2/28/2025		218,140	^(b)
	200,000		Turkcell Iletisim Hizmetleri AS, 5.80%, due 4/11/2028		209,112	^(c)
			Turkiye Garanti Bankasi AS
	200,000		5.25%, due 9/13/2022		204,820	^(b)
	200,000		5.88%, due 3/16/2023		207,020	^(b)
	200,000		Turkiye Petrol Rafinerileri AS, 4.50%, due 10/18/2024		198,051	^(b)
	200,000		Turkiye Vakiflar Bankasi TAO, 6.50%, due 1/8/2026		200,000	^(c)
					1,868,512
Ukraine 0.7%
	650,000		Metinvest BV, 8.50%, due 4/23/2026		718,250	^(b)
	250,000		MHP SA, 7.75%, due 5/10/2024		263,780	^(b)
EUR	260,000		NAK Naftogaz Ukraine via Kondor Finance PLC, 7.13%, due 7/19/2024		314,979	^(b)
					1,297,009

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
United Arab Emirates 1.3%
$	200,000	Abu Dhabi Crude Oil Pipeline LLC, 4.60%, due 11/2/2047	$	229,166	^(b)
	200,000	Abu Dhabi National Energy Co. PJSC, 2.00%, due 4/29/2028		199,464	^(c)
	200,000	ADCB Finance Cayman Ltd., 4.00%, due 3/29/2023		211,750	^(c)
	200,000	DIB Sukuk Ltd., 2.95%, due 1/16/2026		209,103	^(b)
	300,000	DP World Crescent Ltd., 3.88%, due 7/18/2029		319,625	^(b)
	200,000	DP World PLC, 6.85%, due 7/2/2037		265,500	^(b)
	200,000	EI Sukuk Co. Ltd., 1.83%, due 9/23/2025		199,741	^(b)
	200,000	Emirates NBD PJSC, 6.13%, due 3/20/2025		214,900	^(b)(e)(f)
		Galaxy Pipeline Assets Bidco Ltd.
	200,000	2.63%, due 3/31/2036		193,759	^(c)
	200,000	2.94%, due 9/30/2040		195,528	^(c)
	200,000	Mashreqbank PSC, 4.25%, due 2/26/2024		214,520	^(b)
	200,000	MDGH-GMTN BV, 3.70%, due 11/7/2049		207,520	^(c)
				2,660,576
United States 0.5%
		JBS Investments II GmbH
	200,000	7.00%, due 1/15/2026		212,960	^(b)
	200,000	5.75%, due 1/15/2028		211,252	^(b)
IDR	8,100,000,000	JPMorgan Chase Bank N.A., 7.00%, due 9/18/2030		576,070	^(b)(d)
				1,000,282
Venezuela 0.1%
		Petroleos de Venezuela SA
$	1,347,609	6.00%, due 5/16/2024		58,621	^(b)(i)
	1,631,452	6.00%, due 11/15/2026		70,968	^(b)(i)
	650,000	5.38%, due 4/12/2027		28,275	^(b)(i)
	784,800	5.38%, due 4/12/2027		34,139	^(b)(i)
				192,003
Zambia 0.3%
	451,000	First Quantum Minerals Ltd., 6.88%, due 10/15/2027		494,973	^(c)
		Total Corporate Bonds (Cost $63,126,295)		62,933,345
Foreign Government Securities 63.3%
Angola 0.5%
		Angolan Government International Bond
	400,000	8.00%, due 11/26/2029		402,735	^(b)
	458,000	9.38%, due 5/8/2048		471,390	^(b)
	200,000	9.13%, due 11/26/2049		201,989	^(b)
				1,076,114
Argentina 0.8%
		Argentine Republic Government International Bond
	550,000	1.00%, due 7/9/2029		208,455
	1,150,000	0.13%, due 7/9/2030		416,875	^(j)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	291,000	0.13%, due 7/9/2035	$	91,668	^(j)
	530,096	0.13%, due 1/9/2038		200,912	^(j)
	1,687,609	0.13%, due 7/9/2041		603,320	^(j)
EUR	130,000	Provincia de Buenos Aires Government Bond, 5.38%, due 1/20/2023		60,174	^(b)
				1,581,404
Armenia 0.1%
$	200,000	Armenia International Bond, 3.60%, due 2/2/2031		183,028	^(b)
Azerbaijan 0.4%
	200,000	Republic of Azerbaijan International Bond, 5.13%, due 9/1/2029		222,136	^(b)
		State Oil Co. of the Azerbaijan Republic
	310,000	6.95%, due 3/18/2030		383,662	^(b)
	200,000	6.95%, due 3/18/2030		247,524	^(b)
				853,322
Belize 0.1%
	326,594	Belize Government International Bond, 4.94%, due 2/20/2034		129,005	^(b)(k)
Bermuda 0.4%
	690,000	Bermuda Government International Bond, 4.75%, due 2/15/2029		798,054	^(b)
Brazil 5.1%
		Brazil Letras do Tesouro Nacional
BRL	10,337,000	2.52%, due 7/1/2021		1,891,884	^(l)
BRL	25,000,000	3.29%, due 1/1/2022		4,461,760	^(l)
BRL	9,000,000	5.53%, due 1/1/2024		1,365,322	^(l)
$	420,000	Brazil Minas SPE via State of Minas Gerais, 5.33%, due 2/15/2028		453,604	^(b)(d)
BRL	5,000,000	Brazil Notas do Tesouro Nacional, Ser. F, 10.00%, due 1/1/2023		970,057
		Brazilian Government International Bond
$	210,000	8.25%, due 1/20/2034		286,331
	290,000	5.63%, due 1/7/2041		311,138
	470,000	5.00%, due 1/27/2045		462,814
				10,202,910
Cameroon, United Republic of 0.1%
	200,000	Republic of Cameroon International Bond, 9.50%, due 11/19/2025		223,080	^(b)
Chile 0.2%
		Bonos de la Tesoreria de la Republica en pesos
CLP	305,000,000	2.80%, due 10/1/2033		369,778	^(b)
CLP	30,000,000	5.10%, due 7/15/2050		44,196
				413,974

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
China 4.3%
		China Government Bond
CNY	5,600,000	2.36%, due 7/2/2023	$	858,455
CNY	5,000,000	2.88%, due 11/5/2023		774,698
CNY	6,000,000	3.19%, due 4/11/2024		937,754	^(d)
CNY	6,200,000	1.99%, due 4/9/2025		922,678
CNY	7,500,000	3.02%, due 10/22/2025		1,161,181	^(d)
CNY	2,900,000	3.12%, due 12/5/2026		450,770
CNY	10,700,000	2.85%, due 6/4/2027		1,628,626	^(d)
CNY	500,000	3.28%, due 12/3/2027		77,910
CNY	2,500,000	3.13%, due 11/21/2029		384,249
CNY	2,500,000	2.68%, due 5/21/2030		369,498
CNY	3,400,000	3.27%, due 11/19/2030		529,000
CNY	250,000	3.39%, due 3/16/2050		36,474
CNY	3,200,000	3.81%, due 9/14/2050		504,484	^(m)
				8,635,777
Colombia 3.0%
		Colombia Government International Bond
COP	423,000,000	4.38%, due 3/21/2023		115,056
$	310,000	5.63%, due 2/26/2044		351,518
	230,000	5.00%, due 6/15/2045		244,934
		Colombian TES
COP	2,359,500,000	Ser. B, 6.25%, due 11/26/2025		654,963
COP	5,382,200,000	Ser. B, 5.75%, due 11/3/2027		1,400,377	^(d)
COP	2,890,600,000	Ser. B, 6.00%, due 4/28/2028		755,277
COP	1,372,000,000	Ser. B, 7.75%, due 9/18/2030		385,532
COP	4,631,200,000	Ser. B, 7.00%, due 6/30/2032		1,212,206	^(d)
COP	1,444,288,624	Ser. UVR, 3.00%, due 3/25/2033		376,589	⁽ⁿ⁾
COP	1,818,400,000	Ser. B, 7.25%, due 10/18/2034		477,293
				5,973,745
Costa Rica 0.5%
		Costa Rica Government International Bond
$	200,000	6.13%, due 2/19/2031		208,500	^(b)
	720,000	7.00%, due 4/4/2044		738,000	^(b)
				946,500
Cote D'Ivoire 0.8%
		Ivory Coast Government International Bond
EUR	400,000	5.88%, due 10/17/2031		520,403	^(b)
EUR	307,000	6.88%, due 10/17/2040		398,904	^(b)
EUR	490,000	6.63%, due 3/22/2048		614,876	^(b)
				1,534,183
Croatia 0.4%
		Croatia Government International Bond
EUR	110,000	1.13%, due 6/19/2029		135,569	^(b)
EUR	412,000	1.50%, due 6/17/2031		516,687	^(b)
EUR	100,000	1.13%, due 3/4/2033		118,755	^(b)
				771,011

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Czech Republic 1.8%
		Czech Republic Government Bond
CZK	2,400,000	2.40%, due 9/17/2025	$	116,653	^(b)
CZK	4,060,000	1.00%, due 6/26/2026		183,955	^(b)
CZK	17,860,000	2.75%, due 7/23/2029		900,023	^(d)
CZK	9,100,000	0.05%, due 11/29/2029		367,586
CZK	35,240,000	0.95%, due 5/15/2030		1,529,806	^(b)(d)
CZK	7,680,000	1.20%, due 3/13/2031		337,932
CZK	4,300,000	2.00%, due 10/13/2033		201,419
				3,637,374
Dominican Republic 0.6%
DOP	4,900,000	Dominican Republic Bond, 11.25%, due 2/5/2027		99,273	^(b)
		Dominican Republic International Bond
DOP	2,400,000	8.90%, due 2/15/2023		43,863	^(c)
$	150,000	6.40%, due 6/5/2049		163,500	^(b)
	825,000	5.88%, due 1/30/2060		822,937	^(b)
				1,129,573
Ecuador 0.6%
		Ecuador Government International Bond
	71,437	0.00%, due 7/31/2030		38,933	^(c)
	501,680	0.50%, due 7/31/2030		418,903	^(c)(j)
	180,000	0.50%, due 7/31/2030		150,300	^(b)(j)
	703,326	0.50%, due 7/31/2035		478,269	^(c)(j)
	139,040	0.50%, due 7/31/2040		82,730	^(c)(j)
				1,169,135
Egypt 1.8%
		Egypt Government Bond
EGP	6,115,000	14.20%, due 7/7/2023		390,624
EGP	9,750,000	15.90%, due 7/2/2024		647,839
EGP	7,705,000	14.48%, due 4/6/2026		490,782
EGP	5,009,000	14.41%, due 7/7/2027		317,825
		Egypt Government International Bond
EUR	451,000	6.38%, due 4/11/2031		564,872	^(b)
$	600,000	8.50%, due 1/31/2047		618,720	^(b)
	200,000	8.70%, due 3/1/2049		208,180	^(b)
	200,000	8.70%, due 3/1/2049		208,180	^(b)
	200,000	7.50%, due 2/16/2061		185,428	^(b)
				3,632,450
El Salvador 0.3%
		El Salvador Government International Bond
	150,000	7.75%, due 1/24/2023		157,125	^(b)
	152,000	7.12%, due 1/20/2050		145,160	^(b)
	300,000	9.50%, due 7/15/2052		339,750	^(b)
				642,035

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Ghana 1.0%
		Ghana Government Bond
GHS	556	24.75%, due 7/19/2021	$	98
GHS	670,000	20.75%, due 3/6/2023		122,099
GHS	1,900,000	19.25%, due 12/18/2023		338,100
		Ghana Government International Bond
$	400,000	7.75%, due 4/7/2029		408,883	^(b)
	200,000	7.63%, due 5/16/2029		203,296	^(b)
	200,000	10.75%, due 10/14/2030		252,503	^(b)
	200,000	8.63%, due 4/7/2034		206,333	^(b)
	200,000	7.88%, due 2/11/2035		196,874	^(b)
	205,000	8.75%, due 3/11/2061		198,350	^(b)
				1,926,536
Hungary 1.9%
		Hungary Government Bond
HUF	159,870,000	3.00%, due 10/27/2027		571,320
HUF	200,110,000	6.75%, due 10/22/2028		887,952
HUF	68,190,000	3.00%, due 8/21/2030		240,326
HUF	241,510,000	3.25%, due 10/22/2031		860,452	^(d)
HUF	299,940,000	2.25%, due 4/20/2033		949,003
HUF	42,220,000	3.00%, due 10/27/2038		136,495
		Hungary Government International Bond
EUR	47,000	1.75%, due 6/5/2035		59,860	^(b)
EUR	50,000	1.50%, due 11/17/2050		56,372	^(b)
				3,761,780
Indonesia 6.2%
		Indonesia Government International Bond
EUR	200,000	3.75%, due 6/14/2028		285,826	^(b)
EUR	328,000	1.40%, due 10/30/2031		399,995
EUR	100,000	1.10%, due 3/12/2033		117,380
$	240,000	5.25%, due 1/17/2042		291,538	^(b)
	370,000	5.13%, due 1/15/2045		445,279	^(b)
		Indonesia Treasury Bond
IDR	2,732,000,000	7.00%, due 5/15/2022		195,200
IDR	10,400,000,000	8.38%, due 3/15/2024		779,801
IDR	264,000,000	8.13%, due 5/15/2024		19,764
IDR	12,000,000,000	6.50%, due 6/15/2025		858,525	^(d)
IDR	41,000,000,000	5.50%, due 4/15/2026		2,818,051	^(d)
IDR	10,300,000,000	7.00%, due 5/15/2027		749,186
IDR	3,304,000,000	6.13%, due 5/15/2028		227,199
IDR	5,175,000,000	9.00%, due 3/15/2029		413,896
IDR	17,906,000,000	6.50%, due 2/15/2031		1,240,048	^(d)
IDR	5,204,000,000	8.75%, due 5/15/2031		412,547
IDR	3,500,000,000	7.50%, due 8/15/2032		253,204
IDR	7,677,000,000	6.63%, due 5/15/2033		526,986
IDR	2,344,000,000	8.38%, due 3/15/2034		179,447
IDR	11,000,000,000	7.50%, due 6/15/2035		785,817
IDR	3,683,000,000	8.25%, due 5/15/2036		279,873
IDR	1,205,000,000	7.50%, due 5/15/2038		85,254
IDR	520,000,000	8.38%, due 4/15/2039		39,850
IDR	14,100,000,000	7.50%, due 4/15/2040		1,000,226	^(d)
				12,404,892

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Iraq 0.1%
$	218,750	Iraq International Bond, 5.80%, due 1/15/2028	$	210,897	^(b)
Israel 1.1%
ILS	6,397,930	Bank of Israel Bill – Makam, 0.00%, due 6/2/2021		1,969,397	^(d)(l)
ILS	699,500	Israel Treasury Bills MOF, 0.00%, due 8/31/2021		215,125	^(l)
				2,184,522
Lebanon 0.1%
		Lebanon Government International Bond
$	469,000	6.60%, due 11/27/2026		57,546	^(b)(i)
	121,000	6.85%, due 5/25/2029		14,748	⁽ⁱ⁾
	33,000	6.65%, due 2/26/2030		4,043	^(b)(i)
	840,000	8.25%, due 5/17/2034		100,514	⁽ⁱ⁾
				176,851
Malaysia 3.4%
	1,000,000	1MDB Global Investments Ltd., 4.40%, due 3/9/2023		1,006,830	^(b)(d)
		Malaysia Government Bond
MYR	400,000	4.05%, due 9/30/2021		98,611
MYR	1,500,000	3.76%, due 4/20/2023		377,491
MYR	2,500,000	3.80%, due 8/17/2023		631,839
MYR	800,000	3.48%, due 6/14/2024		201,698
MYR	700,000	4.18%, due 7/15/2024		180,152
MYR	1,800,000	4.06%, due 9/30/2024		462,364
MYR	700,000	3.91%, due 7/15/2026		180,413
MYR	2,150,000	3.50%, due 5/31/2027		541,619
MYR	1,700,000	3.90%, due 11/16/2027		439,549
MYR	1,150,000	3.73%, due 6/15/2028		293,860
MYR	1,640,000	3.89%, due 8/15/2029		419,690
MYR	2,500,000	2.63%, due 4/15/2031		582,447
MYR	435,000	4.23%, due 6/30/2031		113,211
MYR	300,000	4.64%, due 11/7/2033		78,724
MYR	1,345,000	3.83%, due 7/5/2034		327,247
MYR	1,400,000	3.76%, due 5/22/2040		323,329
MYR	350,000	4.94%, due 9/30/2043		93,614
MYR	950,000	4.07%, due 6/15/2050		221,580
		Malaysia Government Investment Issue
MYR	400,000	4.07%, due 9/30/2026		104,073
MYR	500,000	4.37%, due 10/31/2028		131,465
				6,809,806
Mexico 3.8%
		Mexican Bonos
MXN	24,350,000	Ser. M20, 10.00%, due 12/5/2024		1,371,110
MXN	7,140,800	Ser. M20, 7.50%, due 6/3/2027		374,183
MXN	3,740,000	Ser. M20, 8.50%, due 5/31/2029		205,664
MXN	31,610,000	Ser. M, 7.75%, due 5/29/2031		1,655,745
MXN	8,710,000	Ser. M, 7.75%, due 11/23/2034		450,042
MXN	7,970,000	Ser. M30, 8.50%, due 11/18/2038		426,179

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
MXN	10,520,000	Ser. M, 7.75%, due 11/13/2042	$	516,808
MXN	3,247,100	Ser. M, 8.00%, due 11/7/2047		162,430
		Mexico Cetes
MXN	198,445,000	3.98%, due 5/20/2021		977,415	^(l)
MXN	127,098,200	3.97%, due 7/1/2021		622,989	^(l)
		Mexico Government International Bond
$	200,000	2.66%, due 5/24/2031		192,338
	200,000	3.77%, due 5/24/2061		178,308
	480,000	5.75%, due 10/12/2110		546,240
				7,679,451
Mongolia 0.5%
	200,000	Development Bank of Mongolia LLC, 7.25%, due 10/23/2023		215,535	^(b)
		Mongolia Government International Bond
	300,000	5.63%, due 5/1/2023		314,999	^(b)
	200,000	8.75%, due 3/9/2024		230,522	^(b)
	242,000	8.75%, due 3/9/2024		279,026	^(b)
				1,040,082
Nigeria 0.2%
	380,000	Nigeria Government International Bond, 9.25%, due 1/21/2049		436,149	^(b)
North Macedonia 0.1%
EUR	100,000	North Macedonia Government International Bond, 1.63%, due 3/10/2028		116,239	^(b)
Oman 0.3%
		Oman Government International Bond
$	415,000	6.75%, due 1/17/2048		413,763	^(b)
	200,000	7.00%, due 1/25/2051		204,194	^(b)
				617,957
Panama 0.2%
	400,000	Panama Government International Bond, 3.16%, due 1/23/2030		418,000
Paraguay 0.3%
	430,000	Paraguay Government International Bond, 6.10%, due 8/11/2044		516,000	^(b)
Peru 1.4%
		Peru Government Bond
PEN	258,000	5.94%, due 2/12/2029		74,113
PEN	1,347,000	6.15%, due 8/12/2032		371,414
PEN	1,660,000	5.40%, due 8/12/2034		418,133
PEN	207,000	5.35%, due 8/12/2040		48,318
		Peruvian Government International Bond
EUR	100,000	3.75%, due 3/1/2030		142,467
$	500,000	2.84%, due 6/20/2030		505,895

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
PEN	1,649,000	6.95%, due 8/12/2031	$	487,573	^(b)
EUR	284,000	1.25%, due 3/11/2033		325,655
PEN	699,000	5.40%, due 8/12/2034		176,069	^(b)
PEN	764,000	6.90%, due 8/12/2037		214,879	^(b)
				2,764,516
Philippines 0.2%
		Philippine Government International Bond
PHP	12,000,000	3.90%, due 11/26/2022		251,413
EUR	126,000	1.75%, due 4/28/2041		148,601
				400,014
Poland 1.7%
		Poland Government Bond
PLN	1,041,000	3.25%, due 7/25/2025		303,451
PLN	1,882,000	2.50%, due 7/25/2026		535,908
PLN	3,527,000	2.50%, due 7/25/2027		1,004,139	^(d)
PLN	857,000	2.75%, due 4/25/2028		247,350
PLN	222,000	5.75%, due 4/25/2029		77,534
PLN	813,000	2.75%, due 10/25/2029		234,143
PLN	3,724,000	1.25%, due 10/25/2030		942,832	^(d)
				3,345,357
Qatar 0.5%
		Qatar Government International Bond
$	213,000	5.10%, due 4/23/2048		269,835	^(b)
	546,000	4.82%, due 3/14/2049		669,871	^(b)
				939,706
Romania 2.0%
		Romania Government Bond
RON	510,000	5.85%, due 4/26/2023		133,125
RON	10,000	4.25%, due 6/28/2023		2,541
RON	875,000	4.40%, due 9/25/2023		223,887
RON	1,720,000	4.00%, due 10/25/2023		436,582
RON	1,675,000	3.65%, due 7/28/2025		426,179
RON	560,000	4.85%, due 4/22/2026		150,589
RON	810,000	3.25%, due 6/24/2026		202,960
RON	1,920,000	4.15%, due 1/26/2028		505,151
RON	965,000	3.65%, due 9/24/2031		242,910
RON	250,000	4.75%, due 10/11/2034		66,298
		Romanian Government International Bond
EUR	104,000	2.00%, due 4/14/2033		123,346	^(b)
EUR	494,000	3.88%, due 10/29/2035		688,701	^(b)
EUR	110,000	4.63%, due 4/3/2049		163,451	^(b)
EUR	442,000	3.38%, due 1/28/2050		555,136	^(b)
				3,920,856

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Russia 3.4%
		Russian Federal Bond – Obligatsyi Federal'novo Zaima
RUB	77,313,000	6.90%, due 5/23/2029	$	1,030,052	^(m)
RUB	262,160,000	7.25%, due 5/10/2034		3,538,180	^(d)
RUB	10,839,000	7.70%, due 3/16/2039		152,770
RUB	82,865,325	Russian Federal Inflation Linked Bond, 2.50%, due 7/17/2030		1,086,959	⁽ⁿ⁾
		Russian Foreign Bond – Eurobond
$	800,000	4.38%, due 3/21/2029		896,219	^(b)
	9,460	7.50%, due 3/31/2030		10,924	^(b)
				6,715,104
Saudi Arabia 0.2%
	440,000	Saudi Government International Bond, 3.75%, due 1/21/2055		435,894	^(b)
Senegal 0.2%
EUR	250,000	Senegal Government International Bond, 4.75%, due 3/13/2028		311,890	^(b)
Serbia 0.3%
		Serbia International Bond
EUR	295,000	1.50%, due 6/26/2029		351,195	^(b)
$	200,000	2.13%, due 12/1/2030		184,152	^(b)
EUR	100,000	1.65%, due 3/3/2033		115,836	^(b)
				651,183
South Africa 4.8%
		Republic of South Africa Government Bond
ZAR	8,686,977	10.50%, due 12/21/2026		682,787
ZAR	25,486,222	8.00%, due 1/31/2030		1,623,859	^(d)
ZAR	19,656,344	8.25%, due 3/31/2032		1,193,488	^(d)
ZAR	14,801,155	8.88%, due 2/28/2035		878,062
ZAR	33,562,703	8.50%, due 1/31/2037		1,876,435	^(d)
ZAR	14,544,728	9.00%, due 1/31/2040		829,475
ZAR	17,481,844	8.75%, due 1/31/2044		961,670	^(d)
ZAR	15,386,244	8.75%, due 2/28/2048		842,718	^(d)
		Republic of South Africa Government International Bond
$	200,000	5.88%, due 6/22/2030		220,540
	273,000	5.65%, due 9/27/2047		262,427
	200,000	5.75%, due 9/30/2049		192,750
				9,564,211
Sri Lanka 0.5%
		Sri Lanka Government International Bond
	644,000	6.75%, due 4/18/2028		418,761	^(b)
	203,000	7.85%, due 3/14/2029		132,405	^(b)
	790,000	7.55%, due 3/28/2030		514,527	^(b)
				1,065,693

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Thailand 3.8%
		Thailand Government Bond
THB	12,000,000	3.63%, due 6/16/2023	$	410,451
THB	15,000,000	2.40%, due 12/17/2023		503,832
THB	8,000,000	0.75%, due 6/17/2024		257,155
THB	18,500,000	1.45%, due 12/17/2024		607,772
THB	12,500,000	0.95%, due 6/17/2025		401,933
THB	2,457,000	3.85%, due 12/12/2025		89,052
THB	26,500,000	2.13%, due 12/17/2026		893,789
THB	231,000	2.88%, due 12/17/2028		8,124
THB	12,400,000	4.88%, due 6/22/2029		497,189
THB	11,200,000	1.60%, due 12/17/2029		358,042
THB	19,500,000	3.65%, due 6/20/2031		733,736
THB	17,000,000	2.00%, due 12/17/2031		552,526
THB	2,000,000	3.78%, due 6/25/2032		75,934
THB	5,000,000	1.60%, due 6/17/2035		150,059
THB	25,184,000	1.59%, due 12/17/2035		755,319
THB	11,350,000	3.40%, due 6/17/2036		417,643
THB	25,216,000	3.30%, due 6/17/2038		915,027
THB	1,248,000	2.88%, due 6/17/2046		41,159
				7,668,742
Tunisia 0.1%
EUR	204,000	Banque Centrale de Tunisie International Bond, 6.38%, due 7/15/2026		230,736	^(b)
Turkey 1.2%
		Turkey Government Bond
TRY	4,456,654	10.60%, due 2/11/2026		413,164
TRY	8,690	10.50%, due 8/11/2027		764
TRY	7,476,966	11.70%, due 11/13/2030		654,671
		Turkey Government International Bond
$	314,000	5.60%, due 11/14/2024		315,570
	200,000	6.38%, due 10/14/2025		205,000
	263,000	5.95%, due 1/15/2031		248,051
	241,000	6.00%, due 1/14/2041		210,865
		Turkiye Ihracat Kredi Bankasi AS
	200,000	8.25%, due 1/24/2024		212,450	^(c)
	200,000	6.13%, due 5/3/2024		202,680	^(c)
				2,463,215
Ukraine 1.2%
		Ukraine Government International Bond
	557,000	9.75%, due 11/1/2028		644,085	^(b)
	300,000	6.88%, due 5/21/2029		300,348	^(b)
	400,000	7.38%, due 9/25/2032		404,162	^(b)
	200,000	7.25%, due 3/15/2033		200,154	^(b)
	490,000	0.00%, due 5/31/2040		516,117	^(b)(o)
	286,000	0.00%, due 5/31/2040		301,244	^(c)(o)
	51,667	Ukreximbank Via Biz Finance PLC, 9.63%, due 4/27/2022		53,218	^(c)
				2,419,328

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
United Arab Emirates 0.2%
		Abu Dhabi Government International Bond
$	200,000	3.13%, due 4/16/2030	$	216,131	^(b)
	200,000	2.70%, due 9/2/2070		173,136	^(b)
				389,267
Uruguay 0.4%
		Uruguay Government International Bond
UYU	21,490,000	9.88%, due 6/20/2022		505,755	^(b)
UYU	2,804,057	4.38%, due 12/15/2028		76,027	⁽ⁿ⁾
$	200,000	5.10%, due 6/18/2050		250,736
				832,518
Uzbekistan 0.2%
		Republic of Uzbekistan Bond
	200,000	5.38%, due 2/20/2029		223,377	^(b)
	203,000	3.70%, due 11/25/2030		201,728	^(b)
				425,105
Venezuela 0.0%^(p)
	916,200	Venezuela Government International Bond, 8.25%, due 10/13/2024		93,910	^(b)(i)
		Total Foreign Government Securities (Cost $125,785,849)		126,469,081
U.S. Treasury Obligations 1.1%
	2,127,100	U.S. Treasury Bill, 0.10%, due 5/20/2021 (Cost $2,126,993)		2,127,090	^(l)
NUMBER OF SHARES
Short-Term Investments 2.5%
Investment Companies 2.5%
	4,839,978	State Street Institutional U.S. Government Money Market Fund Premier Class, 0.03%^(q)		4,839,978	^(d)
	213,690	State Street Navigator Securities Lending Government Money Market Portfolio, 0.02%^(q)		213,690	^(r)
		Total Short-Term Investments (Cost $5,053,668)		5,053,668
		Total Investments 98.4% (Cost $196,092,805)		196,583,184
		Other Assets Less Liabilities 1.6%		3,137,023	^(s)
		Net Assets 100.0%	$	199,720,207

(a) Principal amount is stated in the currency in which the security is denominated.

(b) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve directed selling efforts in the United States and as such may have restrictions on resale. Total value of all such securities at April 30, 2021 amounted to $64,498,354, which represents 32.3% of net assets of the Fund.

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

(c) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $20,401,719, which represents 10.2% of net assets of the Fund.

(d) All or a portion of this security is segregated in connection with obligations for when-issued securities, delayed delivery securities, futures, forward foreign currency contracts and/or swaps with a total value of $45,517,854.

(e) Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(f) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date shown reflects the next call date.

(g) When-issued security. Total value of all such securities at April 30, 2021 amounted to $469,743, which represents 0.2% of net assets of the Fund.

(h) The security or a portion of this security is on loan at April 30, 2021. Total value of all such securities at April 30, 2021 amounted to $212,463 for the Fund (see Note A of Notes to Financial Statements).

(i) Defaulted security.

(j) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the current rate as of April 30, 2021.

(k) Payment-in-kind (PIK) security.

(l) Rate shown was the discount rate at the date of purchase.

(m) All or a portion of this security was purchased on a delayed delivery basis.

(n) Index-linked bond whose principal amount adjusts according to a government retail price index.

(o) Currently a zero coupon security; will convert to variable May 31, 2021 where it will be linked to the IMF Ukraine GDP Index.

(p) Represents less than 0.05% of net assets of the Fund.

(q) Represents 7-day effective yield as of April 30, 2021.

(r) Represents investment of cash collateral received from securities lending.

(s) Includes the impact of the Fund's open positions in derivatives at April 30, 2021.

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

POSITIONS BY INDUSTRY

Industry	Investments at Value		Percentage of Net Assets
Foreign Government*	$	123,422,227		61.8	%
Oil & Gas		13,807,897		6.9	%
Banks		10,875,812		5.5	%
Mining		4,490,389		2.2	%
Electric		3,886,185		2.0	%
Real Estate		3,527,427		1.8	%
Telecommunications		3,386,538		1.7	%
Pipelines		2,778,597		1.4	%
Chemicals		2,435,740		1.2	%
U.S. Treasury Obligations		2,127,090		1.1	%
Iron—Steel		2,032,057		1.0	%
Diversified Financial Services		2,011,785		1.0	%
Lodging		1,955,508		1.0	%
Engineering & Construction		1,882,742		0.9	%
Internet		1,450,255		0.7	%
Commercial Services		995,689		0.5	%
Insurance		992,325		0.5	%
Pharmaceuticals		952,506		0.5	%
Transportation		940,661		0.5	%
Media		849,940		0.4	%
Multi-National		847,213		0.4	%
Forest Products & Paper		702,494		0.4	%
Energy—Alternate Sources		700,116		0.4	%
Agriculture		687,992		0.3	%
Food		637,172		0.3	%
Investment Companies		519,395		0.3	%
Packaging & Containers		429,582		0.2	%
Retail		395,135		0.2	%
Aerospace & Defense		281,543		0.1	%
Cosmetics—Personal Care		271,005		0.1	%
Beverages		263,125		0.1	%
Building Materials		226,800		0.1	%
Computers		226,690		0.1	%
Housewares		220,533		0.1	%
Trucking & Leasing		196,581		0.1	%
Gas		122,770		0.1	%
Short-Term Investments and Other Assets-Net		8,190,691		4.1	%
	$	199,720,207		100.0	%

*Foreign Governments do not constitute an industry.

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Derivative Instruments

Futures contracts ("futures")

At April 30, 2021, open positions in futures for the Fund were as follows:

Long Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
6/2021		2	Euro-Schatz	$	269,496	$	(96	)
6/2021		3	U.S. Treasury Long Bond		471,750		1,538
6/2021		9	U.S. Treasury Note, 2 Year		1,986,820		(1,508	)
6/2021		18	U.S. Treasury Note, 5 Year		2,230,875		(3,818	)
6/2021		31	U.S. Treasury Note, 10 Year		4,092,969		(47,537	)
6/2021		6	U.S. Treasury Ultra Bond		1,115,438		471
Total Long Positions				$	10,167,348	$	(50,950	)

Short Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount			Value and Unrealized Appreciation/ (Depreciation)
6/2021		9	Euro-Bobl	$	(1,457,812	)	$	4,460
6/2021		37	Euro-Bund		(7,562,150	)		64,304
6/2021		7	Euro-Buxl Bond, 30 Year		(1,699,139	)		59,367
6/2021		11	Korea Bond, 10 year		(1,240,572	)		9,970
6/2021		18	U.S. Long Bond		(2,830,500	)		36,711
6/2021		9	U.S. Treasury Note, 5 Year		(1,115,438	)		(2,268	)
6/2021		35	U.S. Treasury Note, 10 Year		(4,621,094	)		36,005
6/2021		1	U.S. Treasury Ultra Bond		(185,906	)		(2,502	)
Total Short Positions				$	(20,712,611	)	$	206,047
Total Futures							$	155,097

At April 30, 2021, the Fund has $315,124 deposited in a segregated account to cover margin requirements on open futures. For the six months ended April 30, 2021, the average notional value for the months where the Fund had futures outstanding was $6,042,428 for long positions and $(14,243,480) for short positions.

Forward foreign currency contracts ("forward FX contracts")

At April 30, 2021, open forward FX contracts for the Fund were as follows:

Currency Purchased

Currency Sold

Counterparty

Settlement
Date

Net
Unrealized
Appreciation/
(Depreciation)

1,698,933

BRL

300,398

USD

JPM

5/4/2021

12,364

275,669

BRL

47,587

USD

JPM

5/4/2021

3,161

991,167

BRL

175,568

USD

CITI

6/11/2021

6,271

2,537,098

BRL

445,285

USD

GSI

6/11/2021

20,167

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	1,958,752	BRL		358,483	USD	HSBC	7/2/2021	$	265
	2,763,716	BRL		498,425	USD	GSI	7/23/2021		6,761
	314,408	USD		1,698,933	BRL	JPM	5/4/2021		1,647
	51,016	USD		275,669	BRL	JPM	5/4/2021		267
	362,885,051	CLP		498,756	USD	SCB	6/11/2021		11,707
	82,736,152	CLP		113,577	USD	CITI	6/11/2021		2,806
	1,811,435,150	CLP		2,450,700	USD	CITI	6/16/2021		97,347
	691,460	USD		486,435,474	CLP	GSI	6/11/2021		7,201
	5,747,136	CNH		872,980	USD	CITI	7/9/2021		10,818
	1,317,667	CNH		200,151	USD	CITI	7/9/2021		2,480
	189,279	CNH		28,724	USD	CITI	7/9/2021		383
	838,107	USD		3,071,886,685	COP	CITI	6/16/2021		21,413
	460,664	USD		1,673,824,389	COP	GSI	6/16/2021		15,661
	133,357	USD		488,221,216	COP	JPM	6/16/2021		3,559
	203,085	USD		745,117,904	COP	MS	6/16/2021		4,987
	4,165,942	CZK		159,663	EUR	CITI	6/16/2021		1,552
	29,797,090	CZK		1,137,532	EUR	GSI	6/16/2021		16,476
	3,495,969	CZK		133,880	EUR	HSBC	6/16/2021		1,429
	2,179,609	CZK		83,335	EUR	HSBC	6/16/2021		1,052
	21,790,291	CZK		841,085	EUR	MS	6/16/2021		953
	304,333	EUR		7,859,458	CZK	CITI	6/16/2021		817
	206,740	EUR		247,821	USD	BNP	5/5/2021		737
	193,750	EUR		227,706	USD	BB	5/5/2021		5,235
	819,395	EUR		971,405	USD	CITI	5/5/2021		13,731
	2,981,900	EUR		3,512,789	USD	SSB	5/5/2021		72,268
	79,574	EUR		93,756	USD	SSB	5/5/2021		1,913
	70,000	EUR		83,504	USD	SSB	6/3/2021		703
	821,798	EUR		986,021	USD	MS	10/6/2021		5,175
	1,121	EUR		403,000	HUF	CITI	6/16/2021		3
	822,030	EUR		296,106,790	HUF	GSI	6/16/2021		823
	117,397	EUR		42,090,469	HUF	MS	6/16/2021		777
	787,946	EUR		3,568,470	PLN	HSBC	7/6/2021		7,212
	110,941	EUR		502,501	PLN	MS	7/6/2021		997
	3,613,909	USD		2,995,191	EUR	GSI	5/5/2021		12,873
	453,178	USD		376,761	EUR	JPM	5/5/2021		208
	2,410,852	USD		1,997,000	EUR	SSB	6/3/2021		8,549
	338,368,274	HUF		916,088	EUR	SCB	6/16/2021		27,054
	302,789,407	HUF		838,400	EUR	GSI	6/16/2021		1,783
	69,408,024	HUF		188,773	EUR	SSB	6/16/2021		4,515
	33,529,514	HUF		92,678	EUR	SSB	6/16/2021		394
	2,373,894,369	IDR		161,977	USD	BNP	5/24/2021		1,905
	1,844,162,870	IDR		126,838	USD	CITI	5/24/2021		474
	495,763	USD		7,038,838,698	IDR	SCB	5/24/2021		9,836
	495,031	USD		7,038,838,698	IDR	SCB	5/24/2021		9,104
	485,181	USD		6,903,152,034	IDR	SCB	5/24/2021		8,621
	144,770	USD		2,061,801,168	IDR	CITI	5/24/2021		2,433

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	2,340,235	ILS		714,827	USD	CITI	5/10/2021	$	5,646
	871,691	ILS		266,063	USD	CITI	5/10/2021		2,299
	3,211,925	ILS		980,411	USD	GSI	5/10/2021		8,422
	71,762,649	INR		953,612	USD	CITI	6/11/2021		8,359
	35,892,679	INR		476,454	USD	HSBC	7/9/2021		2,663
	610,537	USD		44,929,387	INR	MS	6/11/2021		8,262
	903,866,432	KRW		807,572	USD	JPM	5/27/2021		949
	565,150,672	KRW		502,423	USD	GSI	6/11/2021		3,104
	117,383,331	KRW		104,313	USD	GSI	6/11/2021		687
	5,141,548	MXN		243,612	USD	GSI	6/4/2021		9,340
	2,815,407	MXN		137,216	USD	GSI	6/4/2021		1,296
	4,533,434	MXN		221,279	USD	HSBC	6/4/2021		1,756
	10,514,652	MXN		506,085	USD	JPM	6/4/2021		11,210
	19,823,089	MXN		965,613	USD	JPM	6/4/2021		9,635
	4,472,469	MXN		217,396	USD	SCB	6/4/2021		2,639
	5,457,126	MXN		261,541	USD	SSB	6/4/2021		6,936
	2,761,585	MXN		134,434	USD	SSB	6/4/2021		1,429
	662,707	USD		13,274,369	MXN	JPM	6/4/2021		9,640
	396,146	MYR		95,854	USD	JPM	5/4/2021		852
	3,158,493	MYR		763,727	USD	SCB	5/17/2021		5,675
	3,158,493	MYR		764,102	USD	JPM	5/17/2021		5,300
	46,490,217	PHP		952,864	USD	GSI	6/1/2021		5,636
	1,883,150	PLN		408,936	EUR	CITI	7/6/2021		4,474
	1,883,532	PLN		409,982	EUR	CITI	7/6/2021		3,316
	3,791,173	PLN		819,538	EUR	GSI	7/6/2021		13,503
	793,844	PLN		173,799	EUR	HSBC	7/6/2021		186
	523,273	PLN		113,723	EUR	JPM	7/6/2021		1,134
	1,196,478	PLN		259,749	EUR	SSB	7/6/2021		2,931
	1,112,467	RON		223,004	EUR	CITI	10/6/2021		782
	3,562,693	RON		715,113	EUR	GSI	10/6/2021		1,368
	990,812	RON		198,658	EUR	JPM	10/6/2021		647
	2,072,906	RON		416,344	EUR	JPM	10/6/2021		476
	9,611,299	RUB		122,890	USD	GSI	7/16/2021		3,694
	45,049,301	RUB		590,191	USD	JPM	7/16/2021		3,122
	177,726,611	RUB		2,294,090	USD	MS	7/16/2021		46,625
	656,856	SGD		490,066	USD	HSBC	5/14/2021		3,513
	663,737	SGD		497,017	USD	HSBC	5/14/2021		1,733
	7,578,845	THB		242,209	USD	MS	6/14/2021		1,131
	15,795	USD		489,758	THB	GSI	5/28/2021		68
	985,187	USD		29,649,210	THB	MS	5/28/2021		33,126
	142,067	USD		4,390,734	THB	GSI	6/14/2021		1,090
	277,198	USD		2,347,865	TRY	BB	6/22/2021		598
	13,896,226	TWD		489,528	USD	JPM	5/13/2021		8,285
	26,441,409	TWD		931,363	USD	MS	5/13/2021		15,864
	1,941,170	USD		53,659,749	TWD	GSI	5/10/2021		19,357
	12,484,849	UAH		428,591	USD	GSI	6/22/2021		15,282

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	6,874,849	UAH		234,396	USD	JPM	7/22/2021	$	8,082
	7,117,209	UAH		243,740	USD	JPM	7/22/2021		7,287
	669,064	USD		9,527,181	ZAR	GSI	5/5/2021		12,224
	2,309,950	USD		33,593,249	ZAR	JPM	7/6/2021		13,549
	8,106,327	ZAR		548,231	USD	GSI	5/5/2021		10,650
	7,496,452	ZAR		507,935	USD	GSI	5/5/2021		8,899
	7,083,995	ZAR		482,573	USD	GSI	5/5/2021		5,824
	1,545,065	ZAR		101,641	USD	GSI	5/5/2021		4,882
	5,104,447	ZAR		351,273	USD	GSI	5/5/2021		646
	7,376,245	ZAR		480,880	USD	HSBC	5/5/2021		27,666
	6,844,871	ZAR		461,008	USD	HSBC	5/5/2021		10,903
	3,582,401	ZAR		242,060	USD	HSBC	5/5/2021		4,924
	2,234,654	ZAR		146,847	USD	MS	5/5/2021		7,219
		Total unrealized appreciation						$	865,662
	1,958,752	BRL		362,490	USD	HSBC	5/4/2021		(1,899	)
	15,850	BRL		2,933	USD	JPM	5/4/2021		(15	)
	360,157	USD		1,958,752	BRL	HSBC	5/4/2021		(434	)
	2,803	USD		15,850	BRL	JPM	5/4/2021		(115	)
	642,153	USD		3,584,498	BRL	SSB	6/11/2021		(15,452	)
	250,131,364	CLP		359,064	USD	JPM	6/11/2021		(7,211	)
	447,093	USD		324,567,157	CLP	CITI	6/16/2021		(9,458	)
	979,284	CNH		150,742	USD	HSBC	7/9/2021		(147	)
	672,766,622	COP		187,646	USD	BNP	6/16/2021		(8,785	)
	1,741,682,813	COP		478,287	USD	GSI	6/16/2021		(15,243	)
	789,677,932	COP		210,890	USD	JPM	6/16/2021		(947	)
	826,428	EUR		21,530,921	CZK	GSI	6/16/2021		(6,533	)
	99,871	EUR		2,621,265	CZK	MS	6/16/2021		(1,688	)
	840,503	EUR		1,017,114	USD	JPM	5/5/2021		(6,600	)
	2,995,191	EUR		3,616,061	USD	GSI	6/3/2021		(12,978	)
	86,629	EUR		31,668,110	HUF	CITI	6/16/2021		(1,459	)
	802,894	EUR		296,440,547	HUF	CITI	6/16/2021		(23,316	)
	116,383	EUR		541,518	PLN	CITI	7/6/2021		(2,744	)
	172,445	EUR		793,282	PLN	GSI	7/6/2021		(1,668	)
	820,916	EUR		3,758,319	PLN	GSI	7/6/2021		(3,178	)
	837,959	EUR		3,825,785	PLN	HSBC	7/6/2021		(459	)
	139,911	USD		117,643	EUR	BB	5/5/2021		(1,528	)
	499,903	USD		417,077	EUR	CITI	5/5/2021		(1,537	)
	501,735	USD		418,624	EUR	JPM	5/5/2021		(1,566	)
	357,842	USD		301,481	EUR	MS	5/5/2021		(4,620	)
	588,928	USD		495,084	EUR	MS	5/5/2021		(6,298	)
	3,135,833	USD		2,668,317	EUR	SSB	5/5/2021		(72,211	)
	381,238	USD		317,249	EUR	SCB	6/3/2021		(399	)
	522,691	USD		439,285	EUR	SCB	6/3/2021		(5,750	)
	362,857	USD		304,276	EUR	SSB	6/3/2021		(3,174	)
	1,373,712,170	IDR		96,232	USD	HSBC	5/24/2021		(1,398	)
	97,263	USD		1,414,498,727	IDR	HSBC	5/24/2021		(387	)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	140,083	USD		2,040,450,346	IDR	JPM	5/24/2021	$	(780	)
	1,142,043	USD		16,817,950,240	IDR	CITI	7/27/2021		(8,224	)
	214,116	USD		699,640	ILS	GSI	5/10/2021		(1,278	)
	1,940,718	USD		6,399,210	ILS	GSI	5/10/2021		(29,363	)
	72,625,221	INR		989,242	USD	SCB	5/25/2021		(13,281	)
	9,432,264	INR		127,854	USD	CITI	6/11/2021		(1,415	)
	35,554,354	INR		481,762	USD	SSB	6/11/2021		(5,160	)
	491,241	USD		37,389,315	INR	SCB	7/9/2021		(7,854	)
	559,444,339	KRW		500,621	USD	SCB	5/21/2021		(183	)
	559,444,340	KRW		500,702	USD	GSI	5/21/2021		(264	)
	562,438,290	KRW		505,808	USD	HSBC	5/24/2021		(2,696	)
	8,672	USD		9,702,122	KRW	CITI	7/19/2021		(7	)
	97,095,561	KZT		225,149	USD	GSI	7/14/2021		(2,482	)
	103,253,489	KZT		239,818	USD	JPM	7/14/2021		(3,029	)
	200,887,463	KZT		461,651	USD	GSI	9/24/2021		(7,923	)
	11,573,925	MXN		575,529	USD	CITI	6/4/2021		(6,119	)
	59,784,597	MXN		2,951,931	USD	HSBC	6/4/2021		(10,673	)
	4,467,934	MXN		223,599	USD	SSB	6/4/2021		(3,787	)
	19,972,857	MXN		994,253	USD	GSI	7/23/2021		(17,061	)
	525,776	USD		10,883,352	MXN	CITI	6/4/2021		(9,659	)
	961,906	USD		19,610,581	MXN	GSI	6/4/2021		(2,887	)
	262,379	USD		5,442,697	MXN	GSI	6/4/2021		(5,389	)
	160,589	USD		3,475,612	MXN	GSI	6/4/2021		(10,402	)
	923,216	USD		19,780,362	MXN	GSI	6/4/2021		(49,930	)
	91,644	USD		1,887,275	MXN	HSBC	6/4/2021		(1,206	)
	973,088	USD		20,103,395	MXN	MS	6/4/2021		(15,950	)
	551,092	MYR		136,089	USD	JPM	5/4/2021		(1,558	)
	1,391,542	MYR		343,167	USD	JPM	5/4/2021		(3,468	)
	1,179,035	MYR		291,840	USD	JPM	5/4/2021		(4,018	)
	763,615	PEN		211,776	USD	GSI	7/16/2021		(9,924	)
	965,409	USD		47,604,331	PHP	GSI	6/1/2021		(16,060	)
	75,444	USD		3,720,394	PHP	MS	9/10/2021		(580	)
	3,637,251	PLN		808,260	EUR	HSBC	6/16/2021		(13,239	)
	5,114,126	PLN		1,137,955	EUR	HSBC	6/16/2021		(20,429	)
	754,160	PLN		167,781	EUR	SSB	6/16/2021		(2,978	)
	3,770,078	PLN		827,770	EUR	GSI	7/6/2021		(1,970	)
	11,041,776	PLN		2,443,617	EUR	GSI	7/6/2021		(28,944	)
	607,085	PLN		133,567	EUR	JPM	7/6/2021		(647	)
	2,943,844	RON		597,882	EUR	GSI	6/30/2021		(2,567	)
	68,969,598	RUB		923,941	USD	GSI	6/11/2021		(10,822	)
	10,266,354	RUB		135,273	USD	CITI	7/16/2021		(62	)
	5,204,229	THB		170,347	USD	MS	5/28/2021		(3,235	)
	2,705,001	THB		87,388	USD	BNP	6/14/2021		(536	)
	28,207,266	THB		915,359	USD	CITI	6/14/2021		(9,686	)
	5,256,275	THB		170,315	USD	GSI	6/14/2021		(1,548	)
	474,947	USD		14,884,659	THB	JPM	5/28/2021		(3,012	)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	87,460	USD		2,726,397	THB	GSI	6/14/2021	$	(78	)
	150,020	USD		4,726,687	THB	GSI	6/14/2021		(1,743	)
	271,214	USD		8,533,479	THB	GSI	6/14/2021		(2,777	)
	3,636,754	TRY		480,728	USD	BB	6/22/2021		(52,285	)
	3,870,415	TRY		509,929	USD	BB	6/22/2021		(53,959	)
	3,929,602	TRY		519,445	USD	GSI	6/22/2021		(56,502	)
	231,993	USD		1,981,920	TRY	GSI	5/28/2021		(4,460	)
	165,769	USD		1,422,941	TRY	SCB	6/22/2021		(1,867	)
	465,866	USD		4,003,888	TRY	BB	6/22/2021		(5,828	)
	27,256,218	TWD		985,046	USD	GSI	5/10/2021		(8,870	)
	26,383,529	TWD		961,499	USD	JPM	5/10/2021		(16,578	)
	4,345,867,376	VND		188,910	USD	CITI	5/28/2021		(514	)
	3,386,390,164	VND		147,170	USD	JPM	5/28/2021		(369	)
	3,555,709,672	VND		154,697	USD	JPM	5/28/2021		(555	)
	304,114	USD		4,440,038	ZAR	CITI	5/5/2021		(1,999	)
	283,480	USD		4,310,422	ZAR	CITI	5/5/2021		(13,697	)
	288,268	USD		4,352,103	ZAR	GSI	5/5/2021		(11,782	)
	672,301	USD		10,357,295	ZAR	GSI	5/5/2021		(41,770	)
	306,948	USD		4,551,638	ZAR	HSBC	5/5/2021		(6,859	)
	479,680	USD		7,190,101	ZAR	HSBC	5/5/2021		(16,032	)
	480,348	USD		7,217,412	ZAR	HSBC	5/5/2021		(17,248	)
	459,047	USD		7,187,158	ZAR	HSBC	5/5/2021		(36,462	)
	154,197	USD		2,333,654	ZAR	MS	5/5/2021		(6,694	)
	899,528	USD		13,329,886	ZAR	MS	5/5/2021		(19,485	)
	275,893	USD		4,194,653	ZAR	SCB	5/5/2021		(13,302	)
	260,052	USD		3,976,165	ZAR	SSB	5/5/2021		(14,079	)
	213,097	USD		3,118,515	ZAR	HSBC	7/6/2021		(82	)
	33,593,249	ZAR		2,328,281	USD	JPM	5/5/2021		(12,237	)
Total unrealized depreciation								$	(989,595	)
Total net unrealized depreciation								$	(123,933	)

For the six months ended April 30, 2021, the average notional value for the months where the Fund had forward FX contracts outstanding was $141,950,880.

Credit default swap contracts ("credit default swaps")

At April 30, 2021, the Fund did not have any outstanding credit default swaps.

For the six months ended April 30, 2021, the average notional value for the months where the Fund had credit default swaps was $5,855,345 for buy protection.

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Interest rate swap contracts ("interest rate swaps")

At April 30, 2021, the Fund had outstanding interest rate swaps as follows:

Centrally cleared interest rate swaps

Clearinghouse	Notional Amount		Fund Receives/ Pays Floating Rate	Floating Rate Index	Annual Fixed- Rate			Effective Date^(a)		Frequency of Fund Receipt/ Payment	Maturity Date	Unrealized Appreciation/ (Depreciation)			Accrued Net Interest Receivable/ (Payable)			Value
CME	BRL	4,382,362	Pay	1D CETIP		2.89	%		—	T/T	1/3/2022	$	(8,874	)	$	5,513		$	(3,361	)
CME	BRL	5,804,000	Pay	1D CETIP		2.99	%		—	T/T	1/3/2022		(11,049	)		8,495			(2,554	)
CME	BRL	8,248,167	Pay	1D CETIP		5.89	%		—	T/T	1/3/2022		13,561			69,516			83,077
CME	BRL	3,601,775	Pay	1D CETIP		6.07	%		—	T/T	1/3/2022		6,725			32,235			38,960
CME	BRL	6,166,500	Pay	1D CETIP		5.36	%		—	T/T	1/2/2023		(11,087	)		40,685			29,598
CME	BRL	1,114,953	Pay	1D CETIP		5.66	%		—	T/T	1/2/2023		(1,741	)		8,260			6,519
CME	BRL	2,048,651	Pay	1D CETIP		6.23	%		—	T/T	1/2/2023		379			15,836			16,215
CME	BRL	1,792,047	Pay	1D CETIP		6.61	%		—	T/T	1/2/2023		2,410			15,316			17,726
CME	BRL	2,429,009	Pay	1D CETIP		6.77	%		—	T/T	1/2/2023		4,457			21,474			25,931
CME	BRL	588,077	Pay	1D CETIP		9.26	%		—	T/T	1/2/2023		6,778			16,611			23,389
CME	BRL	15,892,653	Receive	1D CETIP		6.23	%		—	T/T	1/2/2023		1,676			(14,951	)		(13,275	)
CME	BRL	6,050,785	Pay	1D CETIP		4.84	%		—	T/T	1/2/2024		(62,444	)		19,295			(43,149	)
CME	BRL	2,841,304	Pay	1D CETIP		4.99	%		—	T/T	1/2/2024		(27,034	)		4,506			(22,528	)
CME	BRL	1,540,849	Pay	1D CETIP		5.72	%		—	T/T	1/2/2024		(9,757	)		4,555			(5,202	)
CME	BRL	3,300,564	Pay	1D CETIP		5.76	%		—	T/T	1/2/2024		(20,648	)		21,265			617
CME	BRL	2,433,475	Pay	1D CETIP		5.97	%		—	T/T	1/2/2024		(12,562	)		6,908			(5,654	)
CME	BRL	1,838,229	Pay	1D CETIP		6.50	%		—	T/T	1/2/2024		(5,147	)		15,144			9,997
CME	BRL	3,843,874	Pay	1D CETIP		5.65	%		—	T/T	1/2/2025		(46,835	)		22,017			(24,818	)
CME	BRL	1,325,330	Pay	1D CETIP		6.46	%		—	T/T	1/2/2025		(9,541	)		10,192			651
CME	BRL	1,240,652	Pay	1D CETIP		6.82	%		—	T/T	1/2/2025		(6,023	)		10,384			4,361
CME	BRL	7,302,260	Pay	1D CETIP		7.73	%		—	T/T	1/2/2025		6,621			1,549			8,170
CME	BRL	947,033	Pay	1D CETIP		6.23	%		—	T/T	1/4/2027		(17,331	)		5,728			(11,603	)
CME	CLP	759,956,356	Receive	1D CLICP		1.96	%		—	6M/6M	12/12/2021		(9,926	)		(3,985	)		(13,911	)
CME	CLP	538,832,146	Pay	1D CLICP		1.36	%		—	6M/6M	6/17/2025		(28,310	)		1,790			(26,520	)
CME	CLP	545,795,071	Pay	1D CLICP		1.16	%		—	6M/6M	6/23/2025		(35,274	)		1,493			(33,781	)
CME	CLP	280,732,823	Pay	1D CLICP		1.63	%		—	6M/6M	1/12/2026		(15,731	)		1,231			(14,500	)
CME	CLP	756,242,798	Pay	1D CLICP		2.26	%		—	6M/6M	3/16/2026		(15,151	)		171			(14,980	)
CME	CLP	375,398,479	Pay	1D CLICP		2.48	%		—	6M/6M	4/12/2026		(2,690	)		94			(2,596	)
CME	CLP	179,373,543	Receive	1D CLICP		2.33	%		—	6M/6M	6/5/2030		25,088			(1,152	)		23,936
CME	CLP	163,946,219	Pay	1D CLICP		2.15	%		—	6M/6M	8/24/2030		(27,591	)		35			(27,556	)
CME	COP	1,742,073,468	Receive	1D IBRCOL		5.81	%		—	3M/3M	4/3/2029		(17,221	)		—			(17,221	)
CME	COP	1,300,000,000	Receive	1D IBRCOL		5.92	%		—	3M/3M	5/15/2029		(15,036	)		(3,088	)		(18,124	)
CME	COP	550,826,000	Receive	1D IBRCOL		5.47	%		—	3M/3M	3/11/2030		(992	)		(817	)		(1,809	)
CME	COP	837,586,105	Receive	1D IBRCOL		5.45	%		—	3M/3M	3/12/2030		(1,181	)		(1,143	)		(2,324	)
CME	COP	1,075,067,725	Receive	1D IBRCOL		4.98	%		—	3M/3M	4/23/2030		8,556			(260	)		8,296
CME	COP	308,163,565	Receive	1D IBRCOL		4.21	%		—	3M/3M	7/8/2030		7,341			(125	)		7,216
LCH	CZK	54,951,235	Pay	3M PRIBOR		1.38	%	3/22/2022		1Y/3M	3/22/2023		(2,762	)		—			(2,762	)
LCH	CZK	40,000,000	Pay	6M PRIBOR		2.07	%		—	1Y/6M	9/30/2021		12,821			22,255			35,076
LCH	CZK	17,000,000	Receive	6M PRIBOR		1.58	%		—	6M/1Y	1/11/2023		(8,325	)		(2,907	)		(11,232	)
LCH	CZK	44,000,000	Receive	6M PRIBOR		1.70	%		—	6M/1Y	6/18/2024		(17,157	)		(27,799	)		(44,956	)
LCH	CZK	4,700,000	Receive	6M PRIBOR		1.64	%		—	6M/1Y	6/21/2024		(1,419	)		(2,820	)		(4,239	)

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Clearinghouse	Notional Amount		Fund Receives/ Pays Floating Rate	Floating Rate Index	Annual Fixed- Rate			Effective Date^(a)		Frequency of Fund Receipt/ Payment	Maturity Date	Unrealized Appreciation/ (Depreciation)			Accrued Net Interest Receivable/ (Payable)			Value
LCH	CZK	7,070,223	Receive	6M PRIBOR		1.68	%		—	6M/1Y	7/17/2024	$	(2,370	)	$	(4,055	)	$	(6,425	)
LCH	CZK	18,349,319	Receive	6M PRIBOR		1.32	%		—	6M/1Y	2/10/2026		14,569			(1,749	)		12,820
LCH	CZK	20,850,000	Pay	6M PRIBOR		1.40	%	11/12/2025		1Y/6M	11/12/2030		(27,494	)		—			(27,494	)
LCH	CZK	20,843,107	Pay	6M PRIBOR		1.38	%	11/13/2025		1Y/6M	11/13/2030		(28,123	)		—			(28,123	)
LCH	HUF	730,000,000	Pay	6M BUBOR		1.28	%		—	1Y/6M	2/18/2023		(213	)		2,418			2,205
LCH	HUF	25,000,000	Pay	6M BUBOR		0.81	%		—	1Y/6M	9/12/2024		(2,407	)		329			(2,078	)
LCH	HUF	29,494,134	Receive	6M BUBOR		1.61	%		—	6M/1Y	1/8/2031		7,793			(259	)		7,534
LCH	HUF	102,967,643	Receive	6M BUBOR		2.33	%		—	6M/1Y	2/24/2031		6,172			(983	)		5,189
LCH	HUF	82,628,917	Receive	6M BUBOR		2.39	%		—	6M/1Y	3/16/2031		3,552			(566	)		2,986
LCH	HUF	174,736,929	Receive	6M BUBOR		2.48	%		—	6M/1Y	3/17/2031		2,894			(1,239	)		1,655
LCH	HUF	71,988,567	Receive	6M BUBOR		2.39	%		—	6M/1Y	4/23/2031		3,455			(100	)		3,355
LCH	KRW	580,000,000	Receive	3M KORIBOR		1.40	%		—	3M/3M	2/5/2031		15,982			(829	)		15,153
LCH	KRW	588,000,000	Receive	3M KORIBOR		1.50	%		—	3M/3M	2/19/2031		11,358			(798	)		10,560
CME	MXN	3,500,000	Pay	28D TIIE		7.71	%		—	28D/28D	1/21/2022		4,037			279			4,316
CME	MXN	12,211,377	Pay	28D TIIE		6.75	%		—	28D/28D	6/23/2022		14,142			165			14,307
CME	MXN	7,261,528	Pay	28D TIIE		5.55	%		—	28D/28D	4/13/2023		3,568			227			3,795
CME	MXN	50,671,017	Pay	28D TIIE		5.01	%	11/23/2022		28D/28D	11/22/2023		(22,806	)		—			(22,806	)
CME	MXN	79,767,371	Pay	28D TIIE		5.08	%	2/23/2023		28D/28D	2/22/2024		(37,702	)		—			(37,702	)
CME	MXN	44,780,934	Pay	28D TIIE		5.47	%	6/21/2023		28D/28D	6/19/2024		(18,971	)		—			(18,971	)
CME	MXN	5,068,693	Pay	28D TIIE		6.45	%		—	28D/28D	4/1/2025		6,226			406			6,632
CME	MXN	10,964,660	Pay	28D TIIE		5.83	%		—	28D/28D	4/6/2026		(5,324	)		485			(4,839	)
CME	MXN	1,800,000	Pay	28D TIIE		7.72	%		—	28D/28D	12/3/2026		6,610			34			6,644
CME	MXN	3,300,000	Pay	28D TIIE		8.16	%		—	28D/28D	12/28/2026		15,609			123			15,732
CME	MXN	6,685,611	Pay	28D TIIE		7.51	%		—	28D/28D	4/20/2027		21,005			178			21,183
CME	MXN	7,645,431	Receive	28D TIIE		6.92	%		—	28D/28D	8/31/2029		(6,126	)		(277	)		(6,403	)
CME	MXN	10,567,193	Receive	28D TIIE		6.82	%		—	28D/28D	9/10/2029		(4,776	)		(1,028	)		(5,804	)
LCH	PLN	2,655,221	Pay	6M WIBOR		2.21	%		—	1Y/6M	11/16/2021		7,470			6,305			13,775
LCH	PLN	1,250,000	Pay	6M WIBOR		2.33	%		—	1Y/6M	4/6/2022		6,185			507			6,692
LCH	PLN	4,832,047	Receive	6M WIBOR		0.65	%		—	6M/1Y	2/19/2024		8,060			(1,033	)		7,027
LCH	PLN	6,223,300	Receive	6M WIBOR		1.99	%		—	6M/1Y	3/25/2024		(50,676	)		(3,045	)		(53,721	)
LCH	PLN	1,331,846	Pay	6M WIBOR		0.63	%		—	1Y/6M	3/26/2024		(2,796	)		139			(2,657	)
LCH	PLN	1,168,154	Pay	6M WIBOR		0.65	%		—	1Y/6M	3/26/2024		(2,276	)		128			(2,148	)
LCH	PLN	2,700,694	Receive	6M WIBOR		0.64	%		—	6M/1Y	6/9/2025		16,858			(3,407	)		13,451
LCH	PLN	3,949,097	Receive	6M WIBOR		1.13	%		—	6M/1Y	3/16/2026		13,578			(1,205	)		12,373
LCH	PLN	1,200,000	Pay	6M WIBOR		1.62	%		—	1Y/6M	8/16/2029		(5,307	)		3,457			(1,850	)
LCH	PLN	4,600,000	Pay	6M WIBOR		1.75	%		—	1Y/6M	2/26/2030		(12,427	)		3,291			(9,136	)
LCH	PLN	2,505,817	Receive	6M WIBOR		1.00	%		—	6M/1Y	6/12/2030		50,071			(5,240	)		44,831
LCH	THB	33,700,000	Receive	6M THBFIX		1.00	%		—	6M/6M	3/1/2026		(1,083	)		(1,220	)		(2,303	)
LCH	THB	33,000,000	Receive	6M THBFIX		1.10	%		—	6M/6M	3/10/2026		(6,258	)		(1,221	)		(7,479	)
LCH	ZAR	10,939,070	Receive	3M JIBAR		7.54	%		—	3M/3M	2/28/2030		(12,727	)		(5,317	)		(18,044	)
	Total											$	(363,094	)	$	308,406		$	(54,688	)

At April 30, 2021, the Fund had $541,071 deposited in a segregated account to cover margin requirements for centrally cleared swaps.

(a) Forward swap. Effective date reflects the date interest accruals will commence.

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Over-the-counter interest rate swaps

Counterparty	Notional Amount		Fund Receives/ Pays Floating Rate	Floating Rate Index	Annual Fixed- Rate			Effective Date		Frequency of Fund Receipt/ Payment	Maturity Date	Unrealized Appreciation/ (Depreciation)			Accrued Net Interest Receivable/ (Payable)			Value
GSI	BRL	1,000,000	Pay	1D CETIP		11.99	%		—	T/T	1/2/2023	$	32,413		$	64,706		$	97,119
JPM	CLP	231,188,535	Pay	1D CLICP		3.43	%		—	6M/6M	5/10/2022		9,282			2,255			11,537
JPM	HUF	128,246,450	Receive	6M BUBOR		1.38	%		—	6M/1Y	6/17/2021		(338	)		(3,934	)		(4,272	)
GSI	HUF	359,014,464	Receive	6M BUBOR		1.27	%		—	6M/1Y	1/10/2022		(2,719	)		(2,115	)		(4,834	)
JPM	HUF	45,000,000	Receive	6M BUBOR		1.30	%		—	6M/1Y	4/6/2022		(369	)		(49	)		(418	)
GSI	MXN	28,033,731	Pay	28D TIIE		5.90	%		—	28D/28D	9/12/2022		20,821			435			21,256
GSI	MXN	10,713,184	Pay	28D TIIE		6.21	%		—	28D/28D	12/8/2025		5,452			789			6,241
GSI	MXN	9,462,643	Pay	28D TIIE		6.17	%		—	28D/28D	3/5/2026		2,983			609			3,592
JPM	MXN	7,500,000	Pay	28D TIIE		6.13	%		—	28D/28D	6/18/2026		724			76			800
GSI	MXN	5,000,000	Pay	28D TIIE		6.38	%		—	28D/28D	9/16/2026		2,601			373			2,974
GSI	RUB	350,542,739	Pay	3M MOSPRIME		7.52	%		—	1Y/3M	6/10/2021		12,201			279,964			292,165
GSI	RUB	160,000,000	Pay	3M MOSPRIME		6.29	%		—	1Y/3M	12/14/2021		(939	)		37,486			36,547
GSI	RUB	58,876,075	Pay	3M MOSPRIME		5.50	%	1/14/2022		1Y/3M	1/14/2023		(12,284	)		—			(12,284	)
GSI	RUB	223,218,139	Pay	3M MOSPRIME		7.07	%		—	1Y/3M	4/2/2023		5,701			3,966			9,667
	Total											$	75,529		$	384,561		$	460,090

For the six months ended April 30, 2021, the average notional value for the months where the Fund had cross currency swaps and interest rate swaps outstanding was $23,702,826 when the Fund paid the fixed rate and $48,025,074 when the Fund received the fixed rate.

At April 30, 2021, the Fund had cash collateral of $130,000 deposited in a segregated account for Barclays Bank plc and received cash collateral of $110,000 and $440,000 from Citibank, N.A. and Goldman Sachs International, respectively, to cover collateral requirements on over-the-counter derivatives.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3		Total
Investments:
Corporate Bonds^(a)	$	—	$	62,933,345	$	—	$	62,933,345
Foreign Government Securities^(a)		—		126,469,081		—		126,469,081
U.S. Treasury Obligations		—		2,127,090		—		2,127,090
Short-Term Investments		—		5,053,668		—		5,053,668
Total Investments	$	—	$	196,583,184	$	—	$	196,583,184

(a) The Schedule of Investments provides a geographic categorization as well as a Positions by Industry summary.

See Notes to Financial Statements

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2021:

Other Financial Instruments

	Level 1			Level 2			Level 3		Total
Futures^(a)
Assets	$	212,826		$	—		$	—	$	212,826
Liabilities		(57,729	)		—			—		(57,729	)
Forward FX Contracts^(a)
Assets		—			865,662			—		865,662
Liabilities		—			(989,595	)		—		(989,595	)
Swaps
Assets		—			1,053,848			—		1,053,848
Liabilities		—			(648,446	)		—		(648,446	)
Total	$	155,097		$	281,469		$	—	$	436,566

(a) Futures and forward FX contracts are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited)
April 30, 2021

NUMBER OF SHARES			VALUE
Common Stocks 0.4%
Business Equipment & Services 0.1%
	21,820	Brock Holdings III, Inc.	$	349,120	*^(a)(b)
Media 0.3%
	34,616	iHeartMedia, Inc., Class A		662,550	*
		Total Common Stocks (Cost $922,256)		1,011,670
PRINCIPAL AMOUNT
Loan Assignments^(c) 90.3%
Aerospace & Defense 1.9%
$	431,794	AI Convoy (Luxembourg) S.A.R.L, Term Loan B, (3M USD LIBOR + 3.50%, 6M USD LIBOR + 3.50%), 4.50%, due 1/17/2027		431,073	^(d)
	521,952	Atlantic Aviation FBO Inc., Term Loan B, (1M USD LIBOR + 3.75%), 3.87%, due 12/6/2025		521,138
	1,200,000	Brown Group Holding, LLC, Term Loan B, (USD LIBOR + 2.75%), due 4/27/2028		1,193,628	^(e)(f)
	523,822	MHI Holdings, LLC, Term Loan B, (1M USD LIBOR + 5.00%), 5.11%, due 9/21/2026		525,021
	563,425	Peraton Holding Corp, Term Loan B, (1M USD LIBOR + 3.75%), 4.50%, due 2/1/2028		562,721
	124,688	Spirit Aerosystems, Inc., Term Loan B, (1M USD LIBOR + 5.25%), 6.00%, due 1/15/2025		125,623
		TransDigm, Inc.
	164,169	Term Loan E, (1M USD LIBOR + 2.25%), 2.36%, due 5/30/2025		162,054
	1,280,345	Term Loan F, (1M USD LIBOR + 2.25%), 2.36%, due 12/9/2025		1,263,764
				4,785,022
Air Transport 2.4%
	1,670,000	AAdvantage Loyalty IP Ltd., Term Loan, (3M USD LIBOR + 4.75%), 5.50%, due 4/20/2028		1,715,925
		American Airlines, Inc.
	603,646	Term Loan B, (1M USD LIBOR + 2.00%), 2.11%, due 4/28/2023		580,423	^(e)
	655,000	Term Loan B, (1M USD LIBOR + 1.75%), 1.86%, due 6/27/2025		602,849	^(e)
	603,900	First Lien Term Loan, (1M USD LIBOR + 1.75%), 1.86%, due 1/29/2027		561,542
	163,625	JetBlue Airways Corporation, Term Loan, (3M USD LIBOR + 5.25%), 6.25%, due 6/17/2024		167,832
	230,000	Mileage Plus Holdings LLC, Term Loan B, (3M USD LIBOR + 5.25%), 6.25%, due 6/21/2027		245,279
	360,000	SkyMiles IP Ltd., Term Loan B, (3M USD LIBOR + 3.75%), 4.75%, due 10/20/2027		377,867
	1,785,000	United Airlines, Inc., Term Loan B, (USD LIBOR + 3.75%), 4.50%, due 4/13/2028		1,804,760	^(e)
				6,056,477
Automotive 1.6%
	610,000	American Trailer World Corp., Term Loan B, (1M USD LIBOR + 3.75%), 4.50%, due 3/3/2028		603,900
	363,055	Clarios Global LP, USD Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 4/30/2026		359,062
	662,247	Dealer Tire, LLC, Term Loan B, (1M USD LIBOR + 4.25%), 4.36%, due 12/12/2025		660,962
		First Brands
	910,000	Term Loan, (3M USD LIBOR + 5.00%), 6.00%, due 3/30/2027		913,795
	230,000	Second Lien Term Loan, (3M USD LIBOR + 8.50%), 9.50%, due 3/22/2028		228,850	^(a)
	415,703	Navistar International Corporation, First Lien Term Loan B, (1M USD LIBOR + 3.50%), 3.61%, due 11/6/2024		415,184
	290,363	Tenneco, Inc., Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 10/1/2025		283,104
	134,864	TI Group Automotive Systems, L.L.C., Term Loan, (3M USD LIBOR + 3.25%), 3.75%, due 12/16/2026		134,358
	381,182	Wand NewCo 3, Inc., Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 2/5/2026		375,734
				3,974,949

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Beverage & Tobacco 0.4%
$	1,125,000	Triton Water Holdings, Inc, Term Loan, (3M USD LIBOR + 3.50%), 4.00%, due 3/31/2028	$	1,120,601
Building & Development 2.8%
	600,000	Beacon Roofing Supply, Inc., Term Loan B, (USD LIBOR + 2.50%), due 4/23/2028		597,750	^(e)(f)
	1,137,962	Cornerstone Building Brands, Inc., Term Loan B, (3M USD LIBOR + 3.25%), 3.36%, due 4/12/2028		1,126,582
	249,503	CPG International Inc., Term Loan, (3M USD LIBOR + 2.50%), 3.25%, due 5/5/2024		248,925
	578,167	Cushman & Wakefield U.S. Borrower, LLC, Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 8/21/2025		564,078
	258,154	Forterra Finance, LLC, Term Loan B, (1M USD LIBOR + 3.00%), 4.00%, due 10/25/2023		257,966
	693,263	MI Windows and Doors, LLC, Term Loan, (1M USD LIBOR + 3.75%), 4.50%, due 12/18/2027		694,129
	625,000	Potters Industries, LLC, Term Loan B, (3M USD LIBOR + 4.00%), 4.75%, due 12/14/2027		625,000	^(a)
	177,708	Realogy Group LLC, Term Loan B, (1M USD LIBOR + 2.25%), 3.00%, due 2/8/2025		176,078
		Tecta America Corp.
	710,000	Term Loan, (3M USD LIBOR + 4.25%), 5.00%, due 4/1/2028		704,675
	235,000	Second Lien Term Loan, (3M USD LIBOR + 8.50%), 9.25%, due 4/1/2029		232,650	^(a)
	791,025	White Cap Buyer LLC, Term Loan B, (3M USD LIBOR + 4.00%), 4.50%, due 10/19/2027		790,448
	923,357	Wilsonart LLC, Term Loan E, (3M USD LIBOR + 3.50%), 4.50%, due 12/19/2026		921,492
				6,939,773
Business Equipment & Services 11.4%
	695,000	Adevinta ASA, Term Loan B, (USD LIBOR + 3.00%), due 4/20/2028		693,916	^(e)(f)
	965,000	AlixPartners, LLP, Term Loan B, (1M USD LIBOR + 2.75%), 3.25%, due 2/4/2028		960,329
	610,000	AlterDomus, Term Loan B, (2M USD LIBOR + 3.75%), 4.50%, due 2/11/2028		605,425
	1,037,035	APX Group, Inc., Term Loan, (1M USD LIBOR + 4.00%, 1M USD LIBOR + 5.00%), 5.11% – 7.25%, due 12/31/2025		1,037,035	^(d)
	853,610	Cast and Crew Payroll, LLC, First Lien Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 2/9/2026		842,939
	755,000	CCRR Parent, Inc, Term Loan B, (3M USD LIBOR + 4.25%), 5.00%, due 3/6/2028		756,888
	923,555	Change Healthcare Holdings LLC, Term Loan B, (1M USD LIBOR + 2.50%, 3M USD LIBOR + 2.50%), 3.50%, due 3/1/2024		922,087	^(d)
	448,175	Clear Channel Outdoor Holdings, Inc., Term Loan B, (2M USD LIBOR + 3.50%, 3M USD LIBOR + 3.50%), 3.65% – 3.69%, due 8/21/2026		433,735	^(d)
	524,825	Colorado Buyer Inc, Second Lien Term Loan, (3M USD LIBOR + 7.25%), 8.25%, due 5/1/2025		518,559
	648,316	Colorado Buyer, Inc., Term Loan B, (3M USD LIBOR + 3.00%), 4.00%, due 5/1/2024		630,286
	528,118	Constant Contact Inc, Term Loan, (6M USD LIBOR + 4.00%), 4.75%, due 2/10/2028		526,797	^(a)
	765,696	ConvergeOne Holdings, Inc., Term Loan, (1M USD LIBOR + 5.00%), 5.11%, due 1/4/2026		748,330
	1,017,313	Deerfield Dakota Holding, LLC, Term Loan B, (1M USD LIBOR + 3.75%), 4.75%, due 4/9/2027		1,018,584
	798,963	Dun & Bradstreet Corporation (The), Term Loan, (1M USD LIBOR + 3.25%), 3.36%, due 2/6/2026		794,217
	743,084	Element Materials Technology Group US Holdings Inc., USD Term Loan B, (USD LIBOR + 3.50%), due 6/28/2024		728,297	^(e)(f)
	934,854	Endure Digital Inc., Term Loan, (3M USD LIBOR + 3.50%), 4.25%, due 2/10/2028		924,926
	1,019,708	Garda World Security Corporation, Term Loan B, (1M USD LIBOR + 4.25%), 4.36%, due 10/30/2026		1,020,136
	952,613	Greeneden U.S. Holdings II, LLC, Term Loan B4, (1M USD LIBOR + 4.00%), 4.75%, due 12/1/2027		954,041
	610,949	Hillman Group Inc. (The), Term Loan B1, (USD LIBOR + 2.75%), due 2/24/2028		607,284	^(e)(f)
	684,555	Learning Care Group, Inc., First Lien Term Loan, (6M USD LIBOR + 3.25%), 4.25%, due 3/13/2025		672,452
		Loire Finco Luxembourg S.a.r.l.
	590,000	Term Loan B, (USD LIBOR + 3.75%), due 4/21/2027		584,100	^(e)(f)
	590,549	Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 4/21/2027		581,200

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	475,370	MX Holdings US, Inc., Term Loan B1C, (1M USD LIBOR + 2.75%), 3.50%, due 7/31/2025	$	474,775
	595,000	Nielsen Consumer Inc., Term Loan B, (3M USD LIBOR + 4.00%), 4.11%, due 3/6/2028		593,637
	430,000	Packaging Coordinators Midco, Inc., First Lien Term Loan, (6M USD LIBOR + 3.75%), 4.50%, due 11/30/2027		429,733
	1,305,908	Prime Security Services Borrower, LLC, Term Loan, (1M USD LIBOR + 2.75%, 3M USD LIBOR + 2.75%, 1Y USD LIBOR + 2.75%), 3.50%, due 9/23/2026		1,303,374	^(d)
	695,000	Resideo Funding Inc., Term Loan, (3M USD LIBOR + 2.25%), 2.75%, due 2/8/2028		692,832
	373,388	Service Logic Acquisition, Inc, Term Loan, (3M USD LIBOR + 4.00%), 4.75%, due 10/29/2027		372,455	^(a)
	661,950	Solera, LLC, Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 3/3/2023		657,992
	723,180	Surf Holdings, LLC, Term Loan, (3M USD LIBOR + 3.50%), 3.68%, due 3/5/2027		715,781
	965,000	System One Holdings, LLC, Term Loan B, (3M USD LIBOR + 4.50%), 5.25%, due 3/2/2028		968,619	^(a)
		Tech Data Corporation
	323,375	Term Loan, (1M USD LIBOR + 3.50%), 3.61%, due 6/30/2025		324,183
	532,325	Term Loan, (1M USD LIBOR + 5.50%), 5.61%, due 6/30/2025		533,326
	726,404	Tempo Acquisition LLC, Term Loan, (1M USD LIBOR + 3.25%), 3.75%, due 11/2/2026		725,191
	432,551	Therma Intermediate LLC, Term Loan, (1M USD LIBOR + 4.00%), 4.75%, due 12/16/2027		432,011	^(a)
	676,761	Vertiv Group Corporation, Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 3/2/2027		672,653
		West Corporation
	477,991	Term Loan B1, (1M USD LIBOR + 3.50%, 3M USD LIBOR + 3.50%), 4.50%, due 10/10/2024		462,323	^(d)(e)
	756,875	Term Loan, (3M USD LIBOR + 4.00%), 5.00%, due 10/10/2024		738,271
	800,000	WEX Inc., Term Loan, (3M USD LIBOR + 2.25%), 2.43%, due 3/31/2028		796,376
	834,213	William Morris Endeavor Entertainment, LLC, First Lien Term Loan, (1M USD LIBOR + 2.75%, 3M USD LIBOR + 2.75%), 2.86% – 2.94%, due 5/18/2025		813,883	^(d)
				28,268,978
Cable & Satellite Television 1.6%
	1,932,064	Altice France S.A., Term Loan B13, (3M USD LIBOR + 4.00%), 4.20%, due 8/14/2026		1,924,471
	464,391	CSC Holdings, LLC, Term Loan B5, (1M USD LIBOR + 2.50%), 2.61%, due 4/15/2027		461,293
	364,088	Eagle Broadband Investments LLC, Term Loan, (3M USD LIBOR + 3.00%), 3.75%, due 11/12/2027		363,450
	538,650	Radiate Holdco, LLC, Term Loan, (1M USD LIBOR + 3.50%), 4.25%, due 9/25/2026		538,876
	623,077	UPC Broadband Holding B.V., Term Loan B2, (1M USD LIBOR + 3.50%), 3.61%, due 1/31/2029		617,432
				3,905,522
Chemicals & Plastics 2.8%
		Aruba Investments, Inc.
	595,000	Term Loan, (3M USD LIBOR + 4.00%), 4.75%, due 11/24/2027		593,328
	70,000	Second Lien Term Loan, (3M USD LIBOR + 7.75%), 8.50%, due 11/24/2028		70,175
	860,000	Atotech B.V., Term Loan B, (3M USD LIBOR + 2.50%), 3.00%, due 3/18/2028		853,911
		CPC Acquisition Corp.
	955,000	Term Loan, (6M USD LIBOR + 3.75%), 4.50%, due 12/29/2027		954,408	^(e)
	95,000	Second Lien Term Loan, (3M USD LIBOR + 7.75%), 8.50%, due 12/29/2028		95,594
	616,067	Diamond (BC) B.V., Term Loan, (2M USD LIBOR + 3.00%), 3.15% – 3.19%, due 9/6/2024		612,987	^(d)
	399,000	Illuminate Buyer, LLC, Term Loan, (1M USD LIBOR + 3.50%), 3.61%, due 6/30/2027		396,091
	98,133	PQ Corporation, Term Loan B, (3M USD LIBOR + 3.00%), 4.00%, due 2/7/2027		98,059
		SCIH Salt Holdings Inc.
	655,000	Term Loan B, (USD LIBOR + 4.00%), due 3/16/2027		652,216	^(e)(f)
	424,605	Term Loan B, (3M USD LIBOR + 4.50%), 5.50%, due 3/16/2027		423,119
		Solenis Holdings LLC
	663,621	First Lien Term Loan, (3M USD LIBOR + 4.00%), 4.19%, due 6/26/2025		661,338
	165,000	Second Lien Term Loan, (3M USD LIBOR + 8.50%), 8.69%, due 6/26/2026		164,497
	910,000	Sparta U.S. HoldCo LLC, Term Loan, (USD LIBOR + 3.50%), due 5/4/2028		910,000	^(e)(f)

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	535,000	Tronox Finance LLC, Term Loan B, (3M USD LIBOR + 2.50%), 2.63% – 2.68%, due 3/13/2028	$	529,746	^(d)
				7,015,469
Clothing - Textiles 1.1%
	850,000	Birkenstock GmbH & Co. KG, Term Loan B, (USD LIBOR + 3.75%), due 4/26/2028		847,348	^(e)(f)
		S&S Holdings LLC
	225,000	Second Lien Term Loan, (3M USD LIBOR + 8.75%), 9.25%, due 3/4/2029		215,437	^(a)
	555,000	Term Loan, (3M USD LIBOR + 5.00%), 5.50%, due 3/11/2028		538,006
	1,111,455	Varsity Brands, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 4.50%, due 12/15/2024		1,066,230
				2,667,021
Conglomerate 0.3%
	825,000	Spectrum Brands, Inc., Term Loan, (3M USD LIBOR + 2.00%), 2.50%, due 3/3/2028		821,395
Containers & Glass Products 2.8%
	675,000	Altium Packaging LLC, Term Loan B, (1M USD LIBOR + 2.75%), 3.25%, due 2/3/2028		667,548
	805,899	Anchor Packaging Inc., Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 7/18/2026		805,899	^(a)
		Berlin Packaging LLC
	538,070	First Lien Term Loan, (1M USD LIBOR + 3.00%, 3M USD LIBOR + 3.00%), 3.11% – 3.21%, due 11/7/2025		530,085	^(d)
	545,000	Term Loan B, (3M USD LIBOR + 3.25%), 3.75%, due 3/5/2028		539,038
	724,442	BWAY Holding Company, Term Loan B, (3M USD LIBOR + 3.25%), 3.44%, due 4/3/2024		699,087
	428,925	Charter NEX US, Inc., Term Loan, (1M USD LIBOR + 4.25%), 5.00%, due 12/1/2027		430,199
	622,085	Graham Packaging Company Inc., Term Loan, (1M USD LIBOR + 3.00%), 3.75%, due 8/4/2027		620,107
	770,000	Klockner-Pentaplast of America, Inc., Term Loan B, (3M USD LIBOR + 4.75%), 5.25%, due 2/12/2026		767,351
	240,113	Reynolds Group Holdings Inc., Term Loan, (1M USD LIBOR + 2.75%), 2.86%, due 2/5/2023		239,479
	675,000	Spa Holdings 3 Oy, Term Loan B, (USD LIBOR + 4.00%), due 3/11/2028		673,312	^(a)(e)(f)
		TricorBraun Holdings, Inc.
	4,129	Term Loan, (3M USD LIBOR + 3.25%), 3.75%, due 3/3/2028		4,087
	550,679	Term Loan, (3M USD LIBOR + 3.25%), 3.75%, due 3/3/2028		545,095
	547,370	Trident TPI Holdings, Inc., Term Loan B1, (3M USD LIBOR + 3.00%), 4.00%, due 10/17/2024		543,610
				7,064,897
Cosmetics - Toiletries 0.7%
	1,695,942	Sunshine Luxembourg VII SARL, Term Loan B3, (3M USD LIBOR + 3.75%), 4.50%, due 10/1/2026		1,695,145
Diversified Insurance 1.2%
	1,307,925	Gainwell Acquisition Corp., Term Loan B, (3M USD LIBOR + 4.00%), 4.75%, due 10/1/2027 Hub International Limited		1,307,925
	364,198	Term Loan B, (3M USD LIBOR + 3.00%), 3.15% – 3.18%, due 4/25/2025		359,157	^(d)
	763,172	Term Loan B, (3M USD LIBOR + 3.25%), 4.00%, due 4/25/2025		761,981	^(e)
	631,825	Ryan Specialty Group, LLC, Term Loan, (1M USD LIBOR + 3.00%), 3.75%, due 9/1/2027		630,246
				3,059,309

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Drugs 1.4%
$	795,675	Bausch Health Companies Inc., Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 6/2/2025	$	794,131
	1,198,129	Catalent Pharma Solutions Inc., Term Loan B3, (1M USD LIBOR + 2.00%), 2.50%, due 2/22/2028		1,197,626
	536,782	Mallinckrodt International Finance S.A., Term Loan B, (3M USD LIBOR + 4.75%), 5.50%, due 9/24/2024		521,016
	875,000	PPD, Inc., Term Loan, (1M USD LIBOR + 2.25%), 2.75%, due 1/13/2028		872,813
				3,385,586
Ecological Services & Equipment 0.3%
	795,000	Denali Water Solutions, Term Loan B, (3M USD LIBOR + 4.25%), 5.00%, due 3/25/2028		793,013
Electronics - Electrical 13.5%
	355,000	Ahead Data Blue, LLC, Term Loan B, (3M USD LIBOR + 5.00%), 6.00%, due 10/13/2027		356,242
		Applied Systems, Inc.
	1,614,579	First Lien Term Loan, (3M USD LIBOR + 2.00%, 3M USD LIBOR + 3.00%), 3.50% – 5.25%, due 9/19/2024		1,607,524	^(d)(e)
	529,222	Second Lien Term Loan, (3M USD LIBOR + 5.50%), 6.25%, due 9/19/2025		532,307
	215,000	AQA Acquisition Holding, Inc., Term Loan, (3M USD LIBOR + 4.25%), 4.75%, due 3/3/2028		214,933
		Barracuda Networks, Inc.
	485,700	First Lien Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 2/12/2025		484,729
	155,000	Second Lien Term Loan, (3M USD LIBOR + 6.75%), 7.50%, due 10/30/2028		157,131
	128,509	Buzz Merger Sub Ltd, Term Loan B, (1M USD LIBOR + 3.25%), 3.75%, due 1/29/2027		128,509	^(a)
	433,913	Cloudera, Inc., Term Loan B, (1M USD LIBOR + 2.50%), 3.25%, due 12/22/2027		432,016
	815,000	Cologix, Inc., Term Loan B, (USD LIBOR + 3.75%), due 3/31/2028		816,695	^(e)(f)
	648,396	CommScope, Inc., Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 4/6/2026		643,131
		Epicor Software Corporation
	731,325	Term Loan, (1M USD LIBOR + 3.25%), 4.00%, due 7/30/2027		729,826
	90,000	Second Lien Term Loan, (1M USD LIBOR + 7.75%), 8.75%, due 7/31/2028		92,250
	173,579	Finastra USA, Inc., First Lien Term Loan, (6M USD LIBOR + 3.50%), 4.50%, due 6/13/2024		170,434
	861,004	Flexera Software LLC, Term Loan B, (3M USD LIBOR + 3.75%), 4.50%, due 3/3/2028		862,235
	712,571	Helios Software Holdings, Inc., Term Loan B, (3M USD LIBOR + 3.75%), 3.93%, due 3/5/2028		707,227
		Hyland Software, Inc.
	1,138,587	First Lien Term Loan, (1M USD LIBOR + 3.50%), 4.25%, due 7/1/2024		1,138,940	^(e)
	405,309	Second Lien Term Loan, (1M USD LIBOR + 6.25%), 7.00%, due 7/7/2025		407,672
	795,000	IGT Holding IV AB, Term Loan, (USD LIBOR + 3.75%), due 3/23/2028		792,019	^(a)(e)(f)
	380,000	Imprivata, Inc, Term Loan, (1M USD LIBOR + 3.75%), 4.25%, due 12/1/2027		379,419
		Informatica LLC
	140,000	Second Lien Term Loan, (3M USD LIBOR + 7.13%), 7.13%, due 2/25/2025		142,713	^(g)
	511,128	Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 2/25/2027		506,247
	1,165,000	Ingram Micro Inc., Term Loan B, (USD LIBOR + 3.50%), due 3/31/2028		1,165,000	^(e)(f)
		Ivanti Software, Inc.
	500,000	Term Loan B, (3M USD LIBOR + 4.00%), 4.75%, due 12/1/2027		491,250
	1,330,000	Term Loan B, (3M USD LIBOR + 4.75%), 5.75%, due 12/1/2027		1,321,967	^(e)
		Maverick Bidco Inc
	610,000	Term Loan, (USD LIBOR + 3.75%), due 4/28/2028		608,475	^(e)(f)
	245,000	Second Lien Term Loan, (USD LIBOR + 6.75%), due 4/28/2029		247,450	^(a)(e)(f)
	1,331,420	McAfee, LLC, Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 9/30/2024		1,330,421
	600,000	Netsmart Technologies, Inc., Term Loan B, (3M USD LIBOR + 4.00%), 4.75%, due 10/1/2027		600,498
		Optiv Security, Inc.
	443,463	First Lien Term Loan, (6M USD LIBOR + 3.25%), 4.25%, due 2/1/2024		431,822
	280,000	Second Lien Term Loan, (6M USD LIBOR + 7.25%), 8.25%, due 2/1/2025		263,200
	815,356	Project Alpha Intermediate Holding, Inc., Term Loan B, (1M USD LIBOR + 4.00%), 4.12%, due 4/26/2024		812,299

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	1,775,000	Rackspace Technology Global, Inc., Term Loan, (3M USD LIBOR + 2.75%), 3.50%, due 2/15/2028	$	1,759,664
	1,025,000	RealPage, Inc, First Lien Term Loan, (1M USD LIBOR + 3.25%), 3.75%, due 4/24/2028		1,019,752
		Redstone Buyer LLC
	1,290,084	Term Loan, (USD LIBOR + 4.75%), due 4/15/2028		1,276,641	^(e)(f)
	305,067	Second Lien Term Loan, (USD LIBOR + 4.75%), due 4/15/2029		299,347	^(e)(f)
	578,550	Riverbed Technology, Inc., Term Loan B, (2M USD LIBOR + 6.00%, 3M USD LIBOR + 6.00%), 7.00%, due 12/31/2025		547,291	^(d)
	197,000	S2P Acquisition Borrower, Inc., Term Loan, (1M USD LIBOR + 4.00%), 4.11%, due 8/14/2026		196,671
	857,850	Sophia, L.P., First Lien Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 10/7/2027		857,138
	745,000	Storable, Inc, Term Loan B, (3M USD LIBOR + 3.25%), 3.75%, due 2/26/2028		738,019
		Syncsort Incorporated
	800,000	First Lien Term Loan, (USD LIBOR + 7.25%), due 4/23/2028		796,288	^(e)(f)
	230,000	Second Lien Term Loan, (USD LIBOR + 7.25%), due 4/23/2029		227,316	^(e)(f)
	685,000	Thoughtworks, Inc., Term Loan B, (1M USD LIBOR + 3.25%), 3.75%, due 3/23/2028		682,007
		Tibco Software Inc.
	1,339,850	Term Loan B3, (1M USD LIBOR + 3.75%), 3.87%, due 6/30/2026		1,329,372
	275,000	Second Lien Term Loan, (1M USD LIBOR + 7.25%), 7.37%, due 3/3/2028		277,956
	1,358,684	Uber Technologies, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 3.61%, due 2/16/2027		1,355,287	^(e)
	731,386	Ultimate Software Group Inc. (The), Term Loan, (3M USD LIBOR + 3.25%), 4.00%, due 5/4/2026		731,613
	670,000	VM Consolidated, Inc., Term Loan B, (3M USD LIBOR + 3.25%), 3.45%, due 3/19/2028		664,694
	792,000	VS Buyer, LLC, Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 2/28/2027		785,070
	693,263	Weld North Education, LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 12/21/2027		692,541
	638,379	ZoomInfo LLC, Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 2/2/2026		636,981
				33,448,229
Equipment Leasing 0.4%
	886,743	Avolon TLB Borrower 1 (US) LLC, Term Loan B5, (1M USD LIBOR + 2.50%), 3.25%, due 12/1/2027		885,412
Financial Intermediaries 3.7%
	1,289,319	AssuredPartners, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 3.61%, due 2/12/2027		1,276,026
		Asurion LLC
	1,076,704	Term Loan B7, (1M USD LIBOR + 3.00%), 3.11%, due 11/3/2024		1,069,975
	850,000	Term Loan B9, (1M USD LIBOR + 3.25%), 3.36%, due 7/31/2027		843,446
	280,000	Second Lien Term Loan B3, (1M USD LIBOR + 5.25%), 5.36%, due 1/31/2028		283,850
	508,725	Camelot U.S. Acquisition 1 Co., Term Loan B, (1M USD LIBOR + 3.00%), 4.00%, due 10/30/2026		508,725
	935,000	Citadel Securities LP, Term Loan B, (1M USD LIBOR + 2.50%), 2.61%, due 2/29/2028		925,650
		Edelman Financial Center, LLC
	390,000	Second Lien Term Loan, (1M USD LIBOR + 6.75%), 6.86%, due 7/20/2026		389,903
	891,772	Term Loan B, (1M USD LIBOR + 3.50%), 4.25%, due 4/7/2028		887,429
	830,000	Grosvenor Capital Management Holdings, LLP, Term Loan B, (1M USD LIBOR + 2.50%), 3.00%, due 2/24/2028		826,199
	448,875	GT Polaris, Inc., Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 9/24/2027		448,175
	417,491	PI US MergerCo, Inc., First Lien Term Loan, (1M USD LIBOR + 3.50%), 4.50%, due 1/3/2025		416,814
		Sedgwick Claims Management Services, Inc.
	741,788	Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 9/3/2026		737,485
	511,138	Term Loan B3, (1M USD LIBOR + 4.25%), 5.25%, due 9/3/2026		511,245
				9,124,922

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Food Products 0.5%
$	447,750	Chobani, LLC, Term Loan B, (1M USD LIBOR + 3.50%), 4.50%, due 10/20/2027	$	447,526
	240,000	Froneri International Ltd., Second Lien Term Loan, (1M USD LIBOR + 5.75%), 5.86%, due 1/31/2028		241,951
	520,000	WOOF Holdings, Inc, First Lien Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 12/21/2027		518,050
				1,207,527
Food Service 1.2%
	468,556	BCPE Empire Holdings, Inc., Term Loan B, (USD LIBOR + 4.00%), due 6/11/2026		467,384	^(e)(f)
	988,220	US Foods, Inc., Term Loan B, (1M USD LIBOR + 1.75%), 1.86%, due 6/27/2023		976,401
	858,000	Welbilt, Inc., Term Loan B, (1M USD LIBOR + 2.50%), 2.61%, due 10/23/2025		847,275	^(a)
		Zaxby's Operating Company LLC
	520,000	First Lien Term Loan, (1M USD LIBOR + 3.75%), 4.50%, due 12/28/2027		520,000
	206,250	Second Lien Term Loan, (1M USD LIBOR + 6.50%), 7.25%, due 12/28/2028		208,657
				3,019,717
Health Care 11.9%
	890,000	ADMI Corp., Term Loan B2, (1M USD LIBOR + 2.75%), 3.25%, due 12/23/2027		882,026
		Agiliti Health, Inc.
	560,357	Term Loan, (1M USD LIBOR + 2.75%), 2.88%, due 1/4/2026		554,753
	334,484	Term Loan, (1M USD LIBOR + 2.75%), 3.50%, due 1/4/2026		331,975	^(a)
	1,442,719	Athenahealth, Inc., Term Loan B1, (3M USD LIBOR + 4.25%), 4.45%, due 2/11/2026		1,446,325
	154,613	Avantor Funding, Inc., Term Loan B4, (1M USD LIBOR + 2.25%), 3.25%, due 11/8/2027		154,574
		Aveanna Healthcare, LLC
	976,656	First Lien Term Loan, (3M USD LIBOR + 4.25%), 5.25%, due 3/18/2024		973,296
	296,222	Term Loan B, (3M USD LIBOR + 5.50%), 6.50%, due 3/18/2024		294,986
	423,926	Term Loan, (3M USD LIBOR + 6.25%), 7.25%, due 3/18/2024		423,574
		Cano Health LLC
	98,189	Term Loan, (3M USD LIBOR + 4.75%, 6M USD LIBOR + 4.75%), 5.50%, due 11/19/2027		98,066	^(d)
	508,040	Term Loan, (3M USD LIBOR + 4.75%), 5.50%, due 11/19/2027		507,405
	380,000	Curium BidCo S.a.r.l., Term Loan, (3M USD LIBOR + 4.25%), 5.00%, due 12/2/2027		379,050	^(a)
	755,000	DuPage Medical Group, Ltd., Term Loan, (3M USD LIBOR + 3.25%), 4.00%, due 3/12/2028		751,852
	822,475	Emerald TopCo Inc, Term Loan, (3M USD LIBOR + 3.50%), 3.61%, due 7/24/2026		814,456
	703,215	Ensemble RCM, LLC, Term Loan, (3M USD LIBOR + 3.75%), 3.94%, due 8/3/2026		701,077
	2,413,395	Envision Healthcare Corporation, First Lien Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 10/10/2025		2,018,587	^(e)
	272,644	EyeCare Partners, LLC, Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 2/18/2027		268,999
	646,700	Gentiva Health Services, Inc., Term Loan, (1M USD LIBOR + 2.75%), 2.88%, due 7/2/2025		644,812
	728,130	Heartland Dental, LLC, First Lien Term Loan, (1M USD LIBOR + 3.50%), 3.61%, due 4/30/2025		717,703
	855,000	Insulet Corporation, Term Loan B, (USD LIBOR + 3.25%), due 4/29/2028		856,069	^(a)(e)(f)
	546,003	MedAssets Software Intermediate Holdings, Inc., First Lien Term Loan, (6M USD LIBOR + 3.75%), 4.50%, due 1/28/2028		543,049
	815,000	MedRisk, Inc., Term Loan B, (USD LIBOR + 3.75%), due 4/1/2028		810,583	^(e)(f)
	1,093,806	MPH Acquisition Holdings LLC, Term Loan B, (3M USD LIBOR + 2.75%), 3.75%, due 6/7/2023		1,087,659
		National Mentor Holdings, Inc.
	358,601	Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 2/18/2028		358,002
	11,953	Term Loan C, (3M USD LIBOR + 3.75%), 4.50%, due 2/18/2028		11,933
	410,000	Second Lien Term Loan, (3M USD LIBOR + 7.25%), 8.00%, due 2/16/2029		414,100	^(a)
	643,947	Navicure, Inc., Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 10/22/2026		640,727	^(a)
	1,185,000	Organon & Co, Term Loan, (USD LIBOR + 3.00%), due 4/7/2028		1,181,540	^(e)(f)
	401,720	Ortho-Clinical Diagnostics SA, Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 6/30/2025		401,017
	715,000	Pacific Dental Services, LLC, Term Loan, (USD LIBOR + 3.50%), due 4/20/2028		713,212	^(e)(f)

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	690,814	Parexel International Corporation, Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 9/27/2024	$	684,196
		Pearl Intermediate Parent LLC
	251,575	First Lien Term Loan, (1M USD LIBOR + 2.75%), 2.86%, due 2/14/2025		246,780
	232,727	Second Lien Term Loan, (1M USD LIBOR + 6.25%), 6.36%, due 2/13/2026		232,874
	426,751	PetVet Care Centers, LLC, Term Loan B3, (1M USD LIBOR + 3.50%), 4.25%, due 2/14/2025		425,684
	528,239	PointClickCare Technologies, Inc., Term Loan B, (3M USD LIBOR + 3.00%), 3.75%, due 12/29/2027		525,598	^(a)
	365,000	Press Ganey Holdings, Inc., Term Loan B, (USD LIBOR + 3.75%), due 7/25/2026		364,241	^(e)(f)
	750,000	Project Ruby Ultimate Parent Corp., Term Loan, (1M USD LIBOR + 3.25%), 4.00%, due 3/3/2028		744,375
	435,000	Quantum Health Inc, Term Loan B, (3M USD LIBOR + 5.00%), 5.75%, due 12/22/2027		435,000	^(a)
	600,000	RadNet, Inc., Term Loan, (3M USD LIBOR + 3.25%), 4.00%, due 4/14/2028		596,748
	869,719	RegionalCare Hospital Partners Holdings, Inc., Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 11/16/2025		866,040
		Sound Inpatient Physicians
	216,691	First Lien Term Loan, (1M USD LIBOR + 2.75%), 2.86%, due 6/27/2025		215,336
	215,000	Second Lien Term Loan, (1M USD LIBOR + 6.75%), 6.86%, due 6/26/2026		214,463
		Southern Veterinary Partners, LLC
	302,424	Term Loan, (6M USD LIBOR + 4.00%), 5.00%, due 10/5/2027		302,236
	340,000	Second Lien Term Loan, (6M USD LIBOR + 7.75%), 8.75%, due 10/5/2028		340,000	^(a)
	2,415,706	Team Health Holdings, Inc., First Lien Term Loan, (1M USD LIBOR + 2.75%), 3.75%, due 2/6/2024		2,245,785
		Team Services Group
	195,000	Term Loan, (6M USD LIBOR + 5.00%), 6.00%, due 12/20/2027		194,025	^(a)
	75,000	Second Lien Term Loan, (6M USD LIBOR + 9.00%), 10.00%, due 10/27/2028		74,625	^(a)
		Tivity Health Inc.
	100,579	Term Loan A, (1M USD LIBOR + 4.25%), 4.36%, due 3/8/2024		100,277
	241,009	Term Loan B, (1M USD LIBOR + 5.25%), 5.36%, due 3/6/2026		240,037
	1,419,463	Verscend Holding Corp., Term Loan B, (3M USD LIBOR + 4.00%), 4.18%, due 8/27/2025		1,418,129
				29,447,856
Health Insurance 0.4%
	907,725	AmWINS Group, Inc., Term Loan B, (1M USD LIBOR + 2.25%), 3.00%, due 2/19/2028		897,631
Home Furnishings 0.4%
	507,000	Ozark Holdings LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.75%, due 12/16/2027		507,157
	423,938	Weber-Stephen Products LLC, Term Loan B, (1M USD LIBOR + 3.25%), 4.00%, due 10/30/2027		423,539
				930,696
Industrial Equipment 3.3%
	271,937	AI Alpine AT Bidco GmbH, Term Loan B, (3M USD LIBOR + 3.00%), 3.18% – 3.20%, due 10/31/2025		263,778	^(d)
	467,122	Apex Tool Group, LLC, Term Loan B, (USD LIBOR + 5.50%), due 8/1/2024		467,122	^(e)(f)
	850,345	Brookfield WEC Holdings Inc., Term Loan, (1M USD LIBOR + 2.75%), 3.25%, due 8/1/2025		840,141
	818,518	Circor International, Inc., Term Loan B, (1M USD LIBOR + 3.25%), 4.25%, due 12/11/2024		814,016
	366,730	Crosby US Acquisition Corp., Term Loan B, (1M USD LIBOR + 4.75%), 4.86%, due 6/26/2026		363,510
	607,794	Filtration Group Corporation, First Lien Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 3/29/2025		601,211
		Fluid-Flow Products, Inc.
	378,000	Term Loan, (3M USD LIBOR + 3.75%), 4.25%, due 3/31/2028		375,637
	225,000	Second Lien Term Loan, (3M USD LIBOR + 6.75%), 7.25%, due 3/16/2029		223,875	^(a)

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	827,925	Gates Global LLC, Term Loan B3, (1M USD LIBOR + 2.75%), 3.50%, due 3/31/2027	$	824,348
	502,332	Granite Holdings US Acquisition Co., Term Loan B, (3M USD LIBOR + 4.00%), 4.20%, due 9/30/2026		500,449	^(a)
	645,000	Harsco Corporation, Term Loan, (3M USD LIBOR + 2.25%), 2.75%, due 3/5/2028		639,763
	365,625	Hyster-Yale Group, Inc., Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 5/30/2023		362,883	^(a)
	665,805	Pro Mach Group, Inc., Term Loan, (1M USD LIBOR + 3.50%, 3M USD LIBOR + 3.50%), 4.50%, due 3/7/2025		664,140	^(d)
	1,145,390	Star US Bidco LLC, Term Loan B, (1M USD LIBOR + 4.25%), 5.25%, due 3/17/2027		1,135,849
				8,076,722
Leisure Goods - Activities - Movies 2.5%
	353,225	Banijay Entertainment S.A.S, Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 3/1/2025		350,724
	824,210	Carnival Corporation, Term Loan B, (1M USD LIBOR + 7.50%), 8.50%, due 6/30/2025		847,906
	353,165	CityCenter Holdings, LLC, Term Loan B, (1M USD LIBOR + 2.25%), 3.00%, due 4/18/2024		348,927
	645,000	Delta 2 (LUX) S.a.r.l., Term Loan, (1M USD LIBOR + 2.50%), 3.50%, due 2/1/2024		640,621
	455,488	Emerald Expositions Holding, Inc., Term Loan B, (1M USD LIBOR + 2.50%), 2.61%, due 5/22/2024		439,774
	738,150	Life Time Fitness Inc., Term Loan B, (3M USD LIBOR + 4.75%), 5.75%, due 12/16/2024		740,460
		Motion Finco Sarl
	94,784	Term Loan B2, (3M USD LIBOR + 3.25%), 3.45%, due 11/12/2026		91,393
	706,636	Term Loan B1, (3M USD LIBOR + 3.25%), 3.45%, due 11/12/2026		681,353
	1,615,000	Playtika Holding Corp, Term Loan, (1M USD LIBOR + 2.75%), 2.86%, due 3/13/2028		1,605,714
	363,620	SeaWorld Parks & Entertainment, Inc., Term Loan B5, (1M USD LIBOR + 3.00%), 3.75%, due 3/31/2024		359,075
				6,105,947
Lodging & Casinos 1.9%
	718,581	Alterra Mountain Company, Term Loan B, (1M USD LIBOR + 4.50%), 5.50%, due 8/1/2026		720,378
	253,088	Aristocrat Leisure Limited, Term Loan B, (3M USD LIBOR + 3.75%), 4.75%, due 10/19/2024		253,467
		Caesars Resort Collection, LLC
	601,121	First Lien Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 12/23/2024		594,130
	532,325	Term Loan B1, (1M USD LIBOR + 4.50%), 4.61%, due 7/21/2025		533,544
	441,085	Golden Entertainment, Inc., First Lien Term Loan, (1M USD LIBOR + 3.00%), 3.75%, due 10/21/2024		437,040
	172,774	GVC Holdings (Gibraltar) Limited, USD Term Loan B3, (6M USD LIBOR + 2.00%), 3.00%, due 3/29/2024		171,910	^(a)
	795,899	Scientific Games International, Inc., Term Loan B5, (1M USD LIBOR + 2.75%), 2.86%, due 8/14/2024		783,810
	411,061	Stars Group Holdings B.V. (The), Term Loan, (3M USD LIBOR + 3.50%), 3.70%, due 7/10/2025		411,858
	233,989	Station Casinos LLC, Term Loan B, (1M USD LIBOR + 2.25%), 2.50%, due 2/8/2027		230,425
	520,000	The Enterprise Development Authority, Term Loan B, (1M USD LIBOR + 4.25%), 5.00%, due 2/18/2028		520,650	^(a)
				4,657,212
Nonferrous Metals - Minerals 0.7%
	625,008	Covia Holdings Corporation, Term Loan, (3M USD LIBOR + 4.00%), 5.00%, due 7/31/2026		601,833	^(e)
	1,143,262	U.S. Silica Company, Term Loan B, (1M USD LIBOR + 4.00%), 5.00%, due 5/1/2025		1,095,246
				1,697,079

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Oil & Gas 3.8%
$	595,000	AL NGPL Holdings, LLC, Term Loan B, (USD LIBOR + 3.75%), due 4/9/2028	$	594,631	^(e)(f)
	487,318	BCP Raptor II, LLC, First Lien Term Loan, (1M USD LIBOR + 4.75%), 4.86%, due 11/3/2025		476,660
	488,855	BCP Raptor, LLC, Term Loan B, (1M USD LIBOR + 4.25%), 5.25%, due 6/24/2024		483,355
	1,056,154	BCP Renaissance Parent LLC, Term Loan B, (3M USD LIBOR + 3.50%), 4.50%, due 10/31/2024		1,032,961
	273,358	Brazos Delaware II, LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 5/21/2025		266,623
	264,325	Gulf Finance, LLC, Term Loan B, (1M USD LIBOR + 5.25%, 3M USD LIBOR + 5.25%), 6.25%, due 8/25/2023		225,282	^(d)
	1,094,909	Lucid Energy Group II Borrower, LLC, First Lien Term Loan, (1M USD LIBOR + 3.00%), 4.00%, due 2/17/2025		1,077,511
	915,835	Medallion Midland Acquisition, LLC, First Lien Term Loan, (1M USD LIBOR + 3.25%), 4.25%, due 10/30/2024		906,026
	1,141,526	Oryx Midstream Holdings LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 5/22/2026		1,122,976
	1,651,878	Prairie ECI Acquiror LP, Term Loan B, (1M USD LIBOR + 4.75%), 4.86%, due 3/11/2026		1,602,735
	433,913	RS Ivy Holdco, Inc, Term Loan, (1M USD LIBOR + 5.50%), 6.50%, due 12/23/2027		436,082	^(a)
	1,291,476	Traverse Midstream Partners LLC, Term Loan, (1M USD LIBOR + 5.50%), 6.50%, due 9/27/2024		1,290,262
				9,515,104
Property & Casualty Insurance 0.3%
		Alliant Holdings Intermediate, LLC
	238,182	Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 5/9/2025		234,931
	278,169	Term Loan B3, (1M USD LIBOR + 3.75%), 4.25%, due 10/8/2027		277,860
	365,000	Term Loan B3, (USD LIBOR + 3.75%), due 11/6/2027		364,595	^(e)(f)
				877,386
Publishing 0.1%
	268,746	Nielsen Finance LLC, Term Loan B5, (1M USD LIBOR + 3.75%), 4.75%, due 6/4/2025		269,061
Radio & Television 0.4%
	297,246	Diamond Sports Group, LLC, Term Loan, (1M USD LIBOR + 3.25%), 3.37%, due 8/24/2026		211,787
	218,353	Terrier Media Buyer, Inc., Term Loan, (1M USD LIBOR + 3.50%), 3.61%, due 12/17/2026		216,510
	621,827	Univision Communications Inc., Term Loan C5, (1M USD LIBOR + 2.75%), 2.86%, due 3/15/2024		619,582
				1,047,879
Retailers (except food & drug) 3.1%
		CNT Holdings I Corp
	515,000	Term Loan, (6M USD LIBOR + 3.75%), 4.50%, due 11/8/2027		513,795
	155,000	Second Lien Term Loan, (3M USD LIBOR + 6.75%), 7.50%, due 10/16/2028		156,550
		EG America LLC
	239,224	Term Loan, (3M USD LIBOR + 4.00%), 4.20%, due 2/7/2025		235,635
	100,494	Second Lien Term Loan, (3M USD LIBOR + 4.00%), 4.20%, due 2/7/2025		100,243
	895,000	EG Group Limited, Term Loan, (USD LIBOR + 4.25%), due 3/10/2026		888,288	^(e)(f)
	3,192,000	Great Outdoors Group, LLC, Term Loan B, (6M USD LIBOR + 4.25%), 5.00%, due 3/6/2028		3,202,980
	598,500	Les Schwab Tire Centers, Term Loan B, (6M USD LIBOR + 3.50%), 4.25%, due 11/2/2027		598,003
	1,055,000	Petco Health and Wellness Company, Inc., Term Loan B, (3M USD LIBOR + 3.25%), 4.00%, due 3/3/2028		1,048,259
	675,000	PetSmart, Inc., Term Loan B, (3M USD LIBOR + 3.75%), 4.50%, due 2/12/2028		676,350
	359,989	Staples, Inc., Term Loan, (7Y USD LIBOR + 5.00%), 5.21%, due 4/16/2026		351,619
				7,771,722

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Steel 0.5%
$	62,563	Apergy Corporation, Term Loan, (3M USD LIBOR + 5.00%), 6.00%, due 6/3/2027	$	63,775
	455,066	MRC Global (US) Inc., First Lien Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 9/20/2024		452,791	^(a)
		TMS International Corp.
	397,548	Term Loan B2, (1M USD LIBOR + 2.75%, 3M USD LIBOR + 2.75%), 3.75%, due 8/14/2024		396,554	^(a)(d)
	329,175	Term Loan B3, (1M USD LIBOR + 2.75%, 3M USD LIBOR + 2.75%), 3.75%, due 8/14/2024		328,352	^(a)(d)
				1,241,472
Surface Transport 1.4%
	363,161	Avis Budget Car Rental, LLC, Term Loan B, (1M USD LIBOR + 2.25%), 2.37%, due 8/6/2027		354,689
		Hertz Corporation, (The)
	415,061	Term Loan, (1M USD LIBOR + 7.25%, 3M USD LIBOR + 7.25%), 3.75% – 8.25%, due 12/31/2021		416,962	^(d)
	565,084	Term Loan B, (1M USD LIBOR + 2.75%), 3.50%, due 6/30/2023		566,496
	793,013	Kenan Advantage Group, Inc., Term Loan B1, (1M USD LIBOR + 3.75%), 4.50%, due 3/24/2026		789,047
	595,000	PAI Holdco, Inc., Term Loan B, (2M USD LIBOR + 3.50%, 3M USD LIBOR + 4.00%), 4.50% – 5.00%, due 10/28/2027		593,887	^(d)
	800,000	PODS, LLC, Term Loan B, (1M USD LIBOR + 3.00%), 3.75%, due 3/31/2028		796,144
				3,517,225
Telecommunications 4.3%
	520,000	CCI Buyer, Inc., Term Loan, (3M USD LIBOR + 4.00%), 4.75%, due 12/17/2027		520,759
	435,236	CenturyLink, Inc., Term Loan B, (1M USD LIBOR + 2.25%), 2.36%, due 3/15/2027		429,905
	270,673	Connect Finco Sarl, Term Loan B, (1M USD LIBOR + 3.50%), 4.50%, due 12/11/2026		269,772
	991,292	Consolidated Communications, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 4.25%, due 10/2/2027		988,814
	950,000	Frontier Communications Corp., Term Loan B, (1M USD LIBOR + 3.75%), 3.94% due 10/8/2027		946,038	^(e)
	1,633,886	GTT Communications, Inc., Term Loan B, (3M USD LIBOR + 2.75%), 2.95%, due 5/31/2025		1,397,871
		Intelsat Jackson Holdings S.A.
	286,152	Term Loan, (3M USD LIBOR + 5.50%), 6.50%, due 7/13/2022		289,014
	2,135,000	Term Loan B3, (1M USD LIBOR + 4.75%), 8.00%, due 11/27/2023		2,167,302
	881,358	Iridium Satellite LLC, Term Loan B, (1M USD LIBOR + 2.75%), 3.75%, due 11/4/2026		882,460
	892,277	MTN Infrastructure TopCo Inc, First Lien Term Loan B, (1M USD LIBOR + 3.00%), 4.00%, due 11/15/2024		890,787
	653,316	Syniverse Holdings, Inc., First Lien Term Loan, (3M USD LIBOR + 5.00%), 6.00%, due 3/9/2023		643,667
	1,230,875	Zayo Group Holdings, Inc., Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 3/9/2027		1,217,741
				10,644,130
Utilities 3.3%
	580,000	APLP Holdings Limited Partnership, Term Loan B, (USD LIBOR + 3.75%), due 3/18/2028		578,915	^(e)(f)
	203,886	Astoria Energy LLC, Term Loan B, (3M USD LIBOR + 3.50%), 4.50%, due 12/10/2027		203,929
	1,480,060	Blackstone CQP Holdco LP, Term Loan B, (3M USD LIBOR + 3.50%), 3.69%, due 9/30/2024		1,477,514
	926,911	Eastern Power, LLC, Term Loan B, (3M USD LIBOR + 3.75%), 4.75%, due 10/2/2025		853,416
	795,475	Edgewater Generation, L.L.C., Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 12/13/2025		768,293
	580,146	EFS Cogen Holdings I LLC, Term Loan B, (3M USD LIBOR + 3.50%), 4.50%, due 10/1/2027		578,295
	1,080,984	Granite Generation LLC, Term Loan B, (1M USD LIBOR + 3.75%, 3M USD LIBOR + 3.75%), 4.75%, due 11/9/2026		1,077,157	^(d)
	862,822	Kestrel Acquisition, LLC, Term Loan B, (6M USD LIBOR + 4.25%), 5.25%, due 6/2/2025		783,727

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		Lightstone Holdco LLC
$	440,174	Term Loan B, (3M USD LIBOR + 3.75%), 4.75%, due 1/30/2024	$	344,894	^(e)
	24,826	Term Loan C, (3M USD LIBOR + 3.75%), 4.75%, due 1/30/2024		19,452	^(e)
		Lonestar II Generation Holdings LLC
	586,582	Term Loan B, (1M USD LIBOR + 5.00%), 5.11%, due 4/20/2026		572,651
	71,644	Term Loan C, (1M USD LIBOR + 5.00%), 5.11%, due 4/20/2026		69,942
	691,087	Nautilus Power, LLC, Term Loan B, (1M USD LIBOR + 4.25%), 5.25%, due 5/16/2024		678,378
	190,875	Talen Energy Supply, LLC, Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 7/8/2026		185,546
				8,192,109
		Total Loan Assignments (Cost $224,030,041)		224,128,195
Corporate Bonds 2.9%
Air Transportation 0.1%
	210,000	Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, due 6/20/2027		230,475	^(h)
Auto Parts & Equipment 0.2%
	355,000	Tenneco, Inc., 7.88%, due 1/15/2029		399,712	^(h)
Building Materials 0.1%
	230,000	Forterra Finance LLC/FRTA Finance Corp., 6.50%, due 7/15/2025		248,400	^(h)
Forestry & Paper 0.2%
	545,000	SpA Holdings 3 Oy, 4.88%, due 2/4/2028		548,406	^(h)
Gas Distribution 0.3%
	650,000	Cheniere Energy, Inc., 4.63%, due 10/15/2028		677,723	^(h)
Health Facilities 0.3%
	475,000	CHS/Community Health Systems, Inc., 6.63%, due 2/15/2025		500,531	^(h)
	305,000	LifePoint Health, Inc., 6.75%, due 4/15/2025		324,063	^(h)
				824,594
Investments & Misc. Financial Services 0.2%
	414,216	Brock Holdings Notes 2022, 15.00%, due 4/24/2022		414,216	^(a)(b)
Machinery 0.2%
	445,000	Vertical U.S. Newco, Inc., 5.25%, due 7/15/2027		465,862	^(h)
Media Content 0.3%
	149,000	Cumulus Media New Holdings, Inc., 6.75%, due 7/1/2026		152,725	^(h)
	195,762	iHeartCommunications, Inc., 6.38%, due 5/1/2026		208,551
	365,000	Univision Communications, Inc., 5.13%, due 2/15/2025		370,931	^(h)
				732,207
Packaging 0.0%⁽ⁱ⁾
	90,000	Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, due 9/15/2028		92,849	^(h)

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Personal & Household Products 0.0%⁽ⁱ⁾
$	80,000	CD&R Smokey Buyer, Inc., 6.75%, due 7/15/2025	$	85,400	^(h)
Real Estate Investment Trusts 0.1%
	390,000	Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, 6.00%, due 4/15/2023		395,850	^(h)
Recreation & Travel 0.1%
	230,000	Royal Caribbean Cruises Ltd., 9.13%, due 6/15/2023		253,911	^(h)
Specialty Retail 0.2%
	415,000	eG Global Finance PLC, 8.50%, due 10/30/2025		440,410	^(h)
Support - Services 0.1%
	240,000	APX Group, Inc., 6.75%, due 2/15/2027		258,079	^(h)
Telecom - Wireline Integrated & Services 0.5%
	325,000	Altice Financing SA, 5.00%, due 1/15/2028		320,531	^(h)
	830,000	Altice France SA, 5.50%, due 1/15/2028		855,066	^(h)
				1,175,597
		Total Corporate Bonds (Cost $6,918,205)		7,243,691
Asset-Backed Securities 2.4%
	500,000	Anchorage Capital CLO Ltd., Ser. 2020-15A, Class E, (3M USD LIBOR + 7.50%), 7.69%, due 7/20/2031		500,944	^(c)(h)
	1,000,000	Ares LVIII CLO Ltd., Ser. 2020-58A, Class E, (3M USD LIBOR + 7.03%), 7.27%, due 1/15/2033		1,002,677	^(c)(h)
	500,000	BlueMountain CLO XXX Ltd., Ser. 2020-30A, Class E, (3M USD LIBOR + 7.73%), 7.91%, due 1/15/2033		502,552	^(c)(h)
	500,000	Flatiron CLO Ltd., Ser. 2017-1A, Class ER, (3M USD LIBOR + 5.90%), 6.10%, due 5/15/2030		497,849	^(c)(h)
	700,000	Magnetite CLO Ltd., Ser. 2015-12A, Class ER, (3M USD LIBOR + 5.68%), 5.86%, due 10/15/2031		684,194	^(c)(h)
	385,000	Magnetite XV Ltd., Ser. 2015-15A, Class ER, (3M USD LIBOR + 5.20%), 5.38%, due 7/25/2031		368,762	^(c)(h)
	1,000,000	Palmer Square CLO Ltd., Ser. 2015-1A, Class DR2, (3M USD LIBOR + 6.25%), 6.43%, due 5/21/2029		998,020	^(c)(h)
	1,250,000	TCI-Flatiron CLO Ltd., Ser. 2016-1A, Class ER2, (3M USD LIBOR + 7.00%), 7.19%, due 1/17/2032		1,250,597	^(c)(h)
		Total Asset-Backed Securities (Cost $5,812,176)		5,805,595
NUMBER OF SHARES
Short-Term Investments 14.4%
Investment Companies 14.4%
	35,717,082	State Street Institutional U.S. Government Money Market Fund Premier Class, 0.03%^(j) (Cost $35,717,082)		35,717,082	^(m)
		Total Investments 110.4% (Cost $273,399,760)		273,906,233
		Liabilities Less Other Assets (10.4)%		(25,803,992	)^(k)(l)
		Net Assets 100.0%	$	248,102,241

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

* Non-income producing security.

(a) Value determined using significant unobservable inputs.

(b) Security fair valued as of April 30, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at April 30, 2021 amounted to $763,336, which represents 0.3% of net assets of the Fund.

(c) Variable or floating rate security. The interest rate shown was the current rate as of April 30, 2021 and changes periodically.

(d) The stated interest rates represent the range of rates at April 30, 2021 of the underlying contracts within the Loan Assignment.

(e) All or a portion of this security was purchased on a delayed delivery basis.

(f) All or a portion of this security has not settled as of April 30, 2021 and thus may not have an interest rate in effect. Interest rates do not take effect until settlement.

(g) Fixed coupon.

(h) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $12,426,519, which represents 5.0% of net assets of the Fund.

(i) Represents less than 0.05% of net assets of the Fund.

(j) Represents 7-day effective yield as of April 30, 2021.

(k) As of April 30, 2021, the value of unfunded loan commitments was $2,730,807 for the Fund (see Note A of Notes to Financial Statements).

(l) Includes the impact of the Fund's open positions in derivatives at April 30, 2021.

(m) All or a portion of this security is segregated in connection with obligations for delayed delivery securities and/or swaps with a total value of $35,717,082.

POSITIONS BY COUNTRY

Country	Investments at Value		Percentage of Net Assets
United States	$	210,416,934		84.7	%
Luxembourg		6,929,178		2.8	%
Cayman Islands		5,307,746		2.2	%
United Kingdom		5,102,614		2.0	%
France		3,824,177		1.6	%
Canada		2,050,441		0.8	%
Germany		1,313,210		0.6	%
Ireland		885,412		0.4	%
Sweden		792,019		0.3	%
Netherlands		593,637		0.2	%
Finland		548,406		0.2	%
Australia		253,467		0.1	%
Gibraltar		171,910		0.1	%
Short-Term Investments and Other Liabilities—Net		9,913,090		4.0	%
	$	248,102,241		100.00	%

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

Derivative Instruments

Total return swap contracts ("total return swaps")

At April 30, 2021, the Fund had outstanding total return swaps as follows:

Over-the-counter total return swaps—Long^(a)

Counterparty		Reference Entity	Notional Amount		Maturity Date	Variable- Rate^(b)			Spread			Reference Rate	Frequency of Fund Receipt/ Payment	Unrealized Appreciation/ (Depreciation)			Accrued Net Interest Receivable/ (Payable)			Value
	JPM	iBoxx USD Liquid Leveraged Loans Total Return Index	USD	8,296,040	6/20/2021		0.19	%		—	%	3M USD LIBOR	T/3M	$	(3,960	)	$	(1,850	)	$	(5,810	)
	MS	iBoxx USD Liquid Leveraged Loans Total Return Index	USD	11,686,377	6/20/2021		0.19	%		—	%	3M USD LIBOR	T/3M		(13,623	)		(2,608	)		(16,231	)
	Total													$	(17,583	)	$	(4,458	)	$	(22,041	)

(a) The Fund pays a specified rate based on a reference rate plus or minus a spread, and receives the total return on the reference entity.

(b) Effective rate at April 30, 2021.

For the six months ended ended April 30, 2021, the average notional value for the months where the Fund had total return swaps outstanding was $13,601,682 for long positions.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3^(b)		Total
Investments:
Common Stocks
Business Equipment & Services	$	—	$	—	$	349,120	$	349,120
Other Common Stocks^(a)		662,550		—		—		662,550
Total Common Stocks		662,550		—		349,120		1,011,670

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

Asset Valuation Inputs

	Level 1		Level 2		Level 3^(b)		Total
Loan Assignments
Automotive	$	—	$	3,746,099	$	228,850	$	3,974,949
Building & Development		—		6,082,123		857,650		6,939,773
Business Equipment & Services		—		25,969,096		2,299,882		28,268,978
Clothing—Textiles		—		2,451,584		215,437		2,667,021
Containers & Glass Products		—		5,585,686		1,479,211		7,064,897
Electronics—Electrical		—		32,280,251		1,167,978		33,448,229
Food Service		—		2,172,442		847,275		3,019,717
Health Care		—		25,256,687		4,191,169		29,447,856
Industrial Equipment		—		6,989,515		1,087,207		8,076,722
Lodging & Casinos		—		3,964,652		692,560		4,657,212
Oil & Gas		—		9,079,022		436,082		9,515,104
Steel		—		63,775		1,177,697		1,241,472
Other Loan Assignments^(a)		—		85,806,265		—		85,806,265
Total Loan Assignments		—		209,447,197		14,680,998		224,128,195
Corporate Bonds
Investments & Misc. Financial Services		—		—		414,216		414,216
Other Corporate Bonds^(a)		—		6,829,475		—		6,829,475
Total Corporate Bonds		—		6,829,475		414,216		7,243,691
Asset-Backed Securities		—		5,805,595		—		5,805,595
Short-Term Investments		—		35,717,082		—		35,717,082
Total Investments	$	662,550	$	257,799,349	$	15,444,334	$	273,906,233

(a) The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

(b) The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

(000's omitted)	Beginning balance, as of 11/1/2020		Accrued discounts/ (premiums)		Realized gain/(loss)		Change in unrealized appreciation/ (depreciation)		Purchases		Sales			Transfers into Level 3		Transfers out of Level 3			Balance, as of 4/30/2021		Net change in unrealized appreciation/ (depreciation) from investments still held at 4/30/2021
Investments in securities:
Common Stocks^(c)	$	349	$	—	$	—	$	—	$	—	$	—		$	—	$	—		$	349	$	—
Loan Assignments^(f)		11,102		8		14		268		11,023		(3,378	)		1,088		(5,444	)		14,681		225
Corporate Bonds^(c)		347		—		—		38		29		—			—		—			414		38
Total	$	11,798	$	8	$	14	$	306	$	11,052	$	(3,378	)	$	1,088	$	(5,444	)	$	15,444	$	263

See Notes to Financial Statements

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

Investment
type

Fair value
at 4/30/2021

Valuation
approach

Unobservable
Input(s)

Input value/
Range

Weighted
average

Impact to
valuation
from
increase
in input^(e)

Common
Stocks

349,120

Market
Comparables

Enterprise value/EBITDA
multiple^(d) (EV/EBITDA)

9.0

Increase

Corporate
Bonds

414,216

Market
Comparables

Second Lien
Quotations

95.17

Increase

(d) Represents amounts used when the reporting entity has determined that market participants would use such multiples when pricing the investments.

(e) Represents the expected directional change in the fair value of the Level 3 investments that would result from an increase or decrease in the corresponding input. Significant changes in these inputs could result in significantly higher or lower fair value measurements.

(f) Securities categorized as Level 3 were valued based on a single quotation obtained from a dealer. The Fund does not have access to unobservable inputs and therefore cannot disclose such inputs used in formulating such quotation.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2021:

Other Financial Instruments	Level 1		Level 2			Level 3		Total
Swaps
Liabilities	$	—	$	(22,041	)	$	—	$	(22,041	)
Total	$	—	$	(22,041	)	$	—	$	(22,041	)

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited)
April 30, 2021

PRINCIPAL AMOUNT			VALUE
Loan Assignments^(a) 4.1%
Business Equipment & Services 0.1%
$	2,360,776	Service Logic Acquisition, Inc, Term Loan, (3M USD LIBOR + 4.00%), 4.75%, due 10/29/2027	$	2,354,874	^(b)
Chemicals & Plastics 0.3%
		Solenis Holdings LLC
	2,067,258	First Lien Term Loan, (3M USD LIBOR + 4.00%), 4.19%, due 6/26/2025		2,060,147
	2,455,000	Second Lien Term Loan, (3M USD LIBOR + 8.50%), 8.69%, due 6/26/2026		2,447,512
				4,507,659
Containers & Glass Products 0.3%
	4,899,815	BWAY Holding Company, Term Loan B, (3M USD LIBOR + 3.25%), 3.44%, due 4/3/2024		4,728,321
Diversified Insurance 0.5%
	7,797,325	Gainwell Acquisition Corp., Term Loan B, (3M USD LIBOR + 4.00%), 4.75%, due 10/1/2027		7,797,325
Electrical & Electronics 0.6%
	5,805,000	Ivanti Software, Inc., Term Loan B, (3M USD LIBOR + 4.75%), 5.75%, due 12/1/2027		5,769,938
	3,043,735	Redstone Buyer LLC, Term Loan, (USD LIBOR + 4.75%), due 4/15/2028		3,012,020	^(c)(d)
				8,781,958
Health Care 0.8%
	1,760,000	ADMI Corp., Term Loan B2, (1M USD LIBOR + 2.75%), 3.25%, due 12/23/2027		1,744,231
		National Mentor Holdings, Inc.
	3,026,239	Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 2/18/2028		3,021,185
	100,875	Term Loan C, (3M USD LIBOR + 3.75%), 4.50%, due 2/18/2028		100,706
	8,442,433	Team Health Holdings, Inc., First Lien Term Loan, (1M USD LIBOR + 2.75%), 3.75%, due 2/6/2024		7,848,592
				12,714,714
Industrial Equipment 0.3%
	4,295,448	Granite Holdings US Acquisition Co., Term Loan B, (3M USD LIBOR + 4.00%), 4.20%, due 9/30/2026		4,279,340	^(b)
Leisure Goods - Activities - Movies 0.2%
	2,496,138	Carnival Corporation, USD Term Loan B, (1M USD LIBOR + 7.50%), 8.50%, due 6/30/2025		2,567,901
Oil & Gas 0.1%
	1,716,000	Ascent Resources - Utica, Second Lien Term Loan, (3M USD LIBOR + 9.00%), 10.00%, due 11/1/2025		1,899,046
Retailers (except food & drug) 0.8%
	12,953,749	Great Outdoors Group, LLC, Term Loan B, (6M USD LIBOR + 4.25%), 5.00%, due 3/6/2028		12,998,310

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Utilities 0.1%
$	2,094,356	Granite Generation LLC, Term Loan B, (1M USD LIBOR + 3.75%, 3M USD LIBOR + 3.75%),	$	2,086,942	^(e)
		4.75%, due 11/9/2026
		Total Loan Assignments (Cost $63,711,824)		64,716,390
Corporate Bonds 86.5%
Advertising 1.4%
	2,980,000	Cars.com, Inc., 6.38%, due 11/1/2028		3,113,564	^(f)
	2,805,000	Nielsen Co. Luxembourg S.a.r.l., 5.00%, due 2/1/2025		2,878,631	^(f)
		Nielsen Finance LLC/Nielsen Finance Co.
	7,420,000	5.63%, due 10/1/2028		7,911,575	^(f)
	6,940,000	5.88%, due 10/1/2030		7,599,300	^(f)
				21,503,070
Aerospace & Defense 2.7%
		Spirit AeroSystems, Inc.
	3,140,000	7.50%, due 4/15/2025		3,364,604	^(f)
	3,155,000	4.60%, due 6/15/2028		3,084,012
		TransDigm, Inc.
	4,540,000	6.38%, due 6/15/2026		4,707,412
	2,810,000	7.50%, due 3/15/2027		3,010,213
	20,675,000	5.50%, due 11/15/2027		21,514,405
	2,545,000	4.63%, due 1/15/2029		2,508,123	^(f)
	3,035,000	4.88%, due 5/1/2029		2,989,475	^(f)
	1,130,000	Wolverine Escrow LLC, 9.00%, due 11/15/2026		1,118,203	^(f)
				42,296,447
Air Transportation 3.2%
		American Airlines Group, Inc.
	5,520,000	5.00%, due 6/1/2022		5,478,600	^(f)(g)
	6,535,000	3.75%, due 3/1/2025		5,742,631	^(f)(g)
		American Airlines, Inc./AAdvantage Loyalty IP Ltd.
	7,550,000	5.50%, due 4/20/2026		7,927,500	^(f)
	6,150,000	5.75%, due 4/20/2029		6,589,725	^(f)
	4,430,000	Delta Air Lines, Inc., 7.38%, due 1/15/2026		5,203,588
	669,645	United Airlines Pass Through Trust, Ser. 2020-1, Class B, 4.88%, due 1/15/2026		699,313
		United Airlines, Inc.
	11,740,000	4.38%, due 4/15/2026		12,182,833	^(f)
	2,245,000	4.63%, due 4/15/2029		2,333,004	^(f)
		United Continental Holdings, Inc.
	2,070,000	5.00%, due 2/1/2024		2,126,697	^(g)
	2,070,000	4.88%, due 1/15/2025		2,099,756	^(g)
				50,383,647

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Auto Loans 0.5%
		Ford Motor Credit Co. LLC
$	2,995,000	5.13%, due 6/16/2025	$	3,271,738
	4,280,000	5.11%, due 5/3/2029		4,674,616
				7,946,354
Auto Parts & Equipment 1.9%
		American Axle & Manufacturing, Inc.
	750,000	6.50%, due 4/1/2027		792,188	^(g)
	2,640,000	6.88%, due 7/1/2028		2,821,500	^(g)
	3,795,000	Clarios Global L.P./Clarios U.S. Finance Co., 8.50%, due 5/15/2027		4,098,600	^(f)
	4,085,000	Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028		4,314,781	^(f)
		Goodyear Tire & Rubber Co.
	4,540,000	9.50%, due 5/31/2025		5,118,850
	2,670,000	5.00%, due 5/31/2026		2,740,087
	4,160,000	5.25%, due 4/30/2031		4,192,032
	3,530,000	Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 6.25%, due 5/15/2026		3,744,227	^(f)
	2,130,000	Tenneco, Inc., 7.88%, due 1/15/2029		2,398,274	^(f)
				30,220,539
Automakers 1.3%
		Ford Motor Co.
	1,990,000	9.00%, due 4/22/2025		2,430,288
	5,360,000	9.63%, due 4/22/2030		7,517,400
	2,502,000	7.45%, due 7/16/2031		3,218,197
	3,965,000	4.75%, due 1/15/2043		3,998,108
	2,210,000	5.29%, due 12/8/2046		2,326,909
				19,490,902
Beverage 0.5%
	7,500,000	Triton Water Holdings, Inc., 6.25%, due 4/1/2029		7,593,750	^(f)
Brokerage 0.3%
		LPL Holdings, Inc.
	2,540,000	4.63%, due 11/15/2027		2,647,950	^(f)
	2,485,000	4.00%, due 3/15/2029		2,485,000	^(f)
				5,132,950
Building & Construction 0.2%
		Shea Homes L.P./Shea Homes Funding Corp.
	1,965,000	4.75%, due 2/15/2028		1,999,387	^(f)
	1,635,000	4.75%, due 4/1/2029		1,652,086	^(f)
				3,651,473
Building Materials 0.6%
	2,835,000	Cornerstone Building Brands, Inc., 6.13%, due 1/15/2029		3,023,046	^(f)
	1,855,000	Forterra Finance LLC/FRTA Finance Corp., 6.50%, due 7/15/2025		2,003,400	^(f)

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		Jeld-Wen, Inc.
$	1,485,000	4.63%, due 12/15/2025	$	1,514,700	^(f)
	2,735,000	4.88%, due 12/15/2027		2,858,075	^(f)
				9,399,221
Cable & Satellite Television 3.4%
	7,415,000	CCO Holdings LLC/CCO Holdings Capital Corp., 5.00%, due 2/1/2028		7,748,675	^(f)
		CSC Holdings LLC
	3,140,000	7.50%, due 4/1/2028		3,457,925	^(f)
	12,850,000	5.75%, due 1/15/2030		13,661,156	^(f)
	3,305,000	4.63%, due 12/1/2030		3,230,638	^(f)
	2,070,000	5.00%, due 11/15/2031		2,073,881	^(f)(h)
	5,800,000	DISH DBS Corp., 7.38%, due 7/1/2028		6,263,565
	7,225,000	Radiate Holdco LLC/Radiate Finance, Inc., 6.50%, due 9/15/2028		7,521,658	^(f)
	2,125,000	Virgin Media Finance PLC, 5.00%, due 7/15/2030		2,118,795	^(f)
	7,045,000	Virgin Media Vendor Financing Notes IV DAC, 5.00%, due 7/15/2028		7,131,372	^(f)
				53,207,665
Chemicals 2.0%
	3,555,000	Hexion, Inc., 7.88%, due 7/15/2027		3,826,798	^(f)
	1,530,000	Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, due 7/1/2028		1,713,600	^(f)
	4,280,000	Nouryon Holding BV, 8.00%, due 10/1/2026		4,547,928	^(f)(g)
		NOVA Chemicals Corp.
	4,250,000	4.88%, due 6/1/2024		4,480,605	^(f)
	4,110,000	5.25%, due 6/1/2027		4,366,875	^(f)
		SCIH Salt Holdings, Inc.
	2,745,000	4.88%, due 5/1/2028		2,738,137	^(f)
	4,615,000	6.63%, due 5/1/2029		4,540,006	^(f)
	1,215,000	TPC Group, Inc., 10.50%, due 8/1/2024		1,136,025	^(f)
	3,900,000	Tronox, Inc., 4.63%, due 3/15/2029		3,982,875	^(f)
				31,332,849
Consumer - Commercial Lease Financing 1.6%
	3,377,000	AerCap Global Aviation Trust, 6.50%, due 6/15/2045		3,596,505	^(f)(i)
	15,741,598	Global Aircraft Leasing Co. Ltd., 6.50% Cash/7.25% PIK, due 9/15/2024		15,741,598	^(f)(j)
		Springleaf Finance Corp.
	2,935,000	8.88%, due 6/1/2025		3,246,843
	2,685,000	7.13%, due 3/15/2026		3,138,094
				25,723,040
Diversified Capital Goods 0.4%
	6,065,000	Apex Tool Group LLC/BC Mountain Finance, Inc., 9.00%, due 2/15/2023		6,032,249	^(f)
Electric - Generation 2.2%
		Calpine Corp.
	9,725,000	4.50%, due 2/15/2028		9,829,058	^(f)
	5,515,000	5.13%, due 3/15/2028		5,605,005	^(f)
	8,805,000	4.63%, due 2/1/2029		8,672,925	^(f)
	4,409,000	5.00%, due 2/1/2031		4,342,865	^(f)
	6,395,000	NRG Energy, Inc., 3.63%, due 2/15/2031		6,265,203	^(f)
				34,715,056

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Electric - Integrated 0.7%
$	3,650,000	FirstEnergy Corp., Ser. C, 5.35%, due 7/15/2047	$	4,234,000
		Talen Energy Supply LLC
	2,170,000	10.50%, due 1/15/2026		1,994,447	^(f)
	2,410,000	7.25%, due 5/15/2027		2,476,275	^(f)
	605,000	6.63%, due 1/15/2028		608,025	^(f)
	890,000	7.63%, due 6/1/2028		922,529	^(f)
				10,235,276
Electronics 0.2%
	3,160,000	ON Semiconductor Corp., 3.88%, due 9/1/2028		3,252,822	^(f)
Energy - Exploration & Production 3.7%
		Ascent Resources Utica Holdings LLC/ARU Finance Corp.
	5,865,000	7.00%, due 11/1/2026		5,938,312	^(f)
	2,324,000	9.00%, due 11/1/2027		3,015,390	^(f)
	1,300,000	8.25%, due 12/31/2028		1,395,570	^(f)
	3,811,000	Comstock Escrow Corp., 9.75%, due 8/15/2026		4,143,624
	3,925,000	Comstock Resources, Inc., 6.75%, due 3/1/2029		4,009,387	^(f)
	3,140,000	EQT Corp., 5.00%, due 1/15/2029		3,429,571
		Hilcorp Energy I L.P./Hilcorp Finance Co.
	1,055,000	6.25%, due 11/1/2028		1,095,058	^(f)
	1,537,000	5.75%, due 2/1/2029		1,563,898	^(f)
	2,193,000	6.00%, due 2/1/2031		2,258,790	^(f)
	6,250,000	Matador Resources Co., 5.88%, due 9/15/2026		6,234,375
		Occidental Petroleum Corp.
	2,330,000	7.50%, due 5/1/2031		2,772,700
	4,030,000	6.60%, due 3/15/2046		4,443,075
	3,070,000	PDC Energy, Inc., 5.75%, due 5/15/2026		3,191,818
		Range Resources Corp.
	2,420,000	4.88%, due 5/15/2025		2,404,875
	4,485,000	9.25%, due 2/1/2026		4,924,889
	1,285,000	8.25%, due 1/15/2029		1,393,929	^(f)
	5,605,000	Vine Energy Holdings LLC, 6.75%, due 4/15/2029		5,607,410	^(f)
				57,822,671
Food - Wholesale 2.4%
	5,230,000	BCPE Empire Holdings, Inc., 7.63%, due 5/1/2027		5,203,850	^(f)
		Performance Food Group, Inc.
	1,170,000	6.88%, due 5/1/2025		1,250,590	^(f)
	6,865,000	5.50%, due 10/15/2027		7,234,611	^(f)
	4,115,000	Pilgrim's Pride Corp., 4.25%, due 4/15/2031		4,157,426	^(f)
		Post Holdings, Inc.
	4,670,000	4.63%, due 4/15/2030		4,716,700	^(f)
	4,490,000	4.50%, due 9/15/2031		4,457,672	^(f)
		U.S. Foods, Inc.
	3,475,000	6.25%, due 4/15/2025		3,691,126	^(f)
	7,440,000	4.75%, due 2/15/2029		7,505,100	^(f)
				38,217,075

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Forestry & Paper 0.5%
$	4,380,000	Mercer Int'l, Inc., 5.13%, due 2/1/2029	$	4,527,825	^(f)
	3,425,000	SpA Holdings 3 Oy, 4.88%, due 2/4/2028		3,446,406	^(f)
				7,974,231
Gaming 3.7%
	6,275,000	Boyd Gaming Corp., 6.00%, due 8/15/2026		6,510,312
		Caesars Entertainment, Inc.
	2,280,000	6.25%, due 7/1/2025		2,424,096	^(f)
	3,765,000	8.13%, due 7/1/2027		4,183,593	^(f)
	4,378,000	Caesars Resort Collection LLC/CRC Finco, Inc., 5.25%, due 10/15/2025		4,413,626	^(f)
	5,740,000	Churchill Downs, Inc., 5.50%, due 4/1/2027		5,958,493	^(f)
	3,875,000	Midwest Gaming Borrower LLC, 4.88%, due 5/1/2029		3,873,799	^(f)
		Scientific Games Int'l, Inc.
	2,360,000	5.00%, due 10/15/2025		2,436,700	^(f)
	2,135,000	8.25%, due 3/15/2026		2,300,463	^(f)
	7,160,000	7.00%, due 5/15/2028		7,697,000	^(f)
	2,460,000	Station Casinos LLC, 4.50%, due 2/15/2028		2,466,150	^(f)
		Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
	9,784,000	5.50%, due 3/1/2025		10,444,420	^(f)
	4,205,000	5.25%, due 5/15/2027		4,441,531	^(f)
				57,150,183
Gas Distribution 6.1%
		Antero Midstream Partners L.P./Antero Midstream Finance Corp.
	1,930,000	5.38%, due 9/15/2024		1,961,362
	5,465,000	7.88%, due 5/15/2026		5,956,850	^(f)
	2,575,000	5.75%, due 3/1/2027		2,603,969	^(f)
	430,000	5.75%, due 1/15/2028		438,174	^(f)
	1,790,000	Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, due 12/15/2025		1,934,990	^(f)
		Buckeye Partners L.P.
	1,140,000	3.95%, due 12/1/2026		1,140,000
	505,000	4.13%, due 12/1/2027		498,688
	3,645,000	4.50%, due 3/1/2028		3,649,556	^(f)
	2,275,000	5.85%, due 11/15/2043		2,239,464
	4,215,000	DCP Midstream LLC, 5.85%, due 5/21/2043		3,814,575	^(f)(i)
	2,481,000	DCP Midstream Operating L.P., 5.60%, due 4/1/2044		2,544,774
		EQM Midstream Partners L.P.
	1,405,000	6.00%, due 7/1/2025		1,534,963	^(f)
	1,565,000	6.50%, due 7/1/2027		1,728,126	^(f)
	1,895,000	4.50%, due 1/15/2029		1,880,788	^(f)
	1,895,000	4.75%, due 1/15/2031		1,875,842	^(f)
		EQT Midstream Partners L.P.
	4,545,000	4.13%, due 12/1/2026		4,590,450
	5,022,000	5.50%, due 7/15/2028		5,334,368
		Genesis Energy L.P./Genesis Energy Finance Corp.
	2,590,000	6.50%, due 10/1/2025		2,602,950
	4,555,000	6.25%, due 5/15/2026		4,460,484
	1,250,000	8.00%, due 1/15/2027		1,287,775
		Global Partners L.P./GLP Finance Corp.
	1,720,000	7.00%, due 8/1/2027		1,838,766
	1,565,000	6.88%, due 1/15/2029		1,692,156
	4,040,000	Harvest Midstream I L.P., 7.50%, due 9/1/2028		4,353,100	^(f)

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		New Fortress Energy, Inc.
$	4,490,000	6.75%, due 9/15/2025	$	4,645,758	^(f)
	10,225,000	6.50%, due 9/30/2026		10,432,874	^(f)
	2,415,000	NuStar Logistics L.P., 5.75%, due 10/1/2025		2,599,144
	3,325,000	Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 5.75%, due 4/15/2025		2,793,000
		Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp.
	1,248,000	5.50%, due 9/15/2024		1,271,400	^(f)
	2,195,000	7.50%, due 10/1/2025		2,398,037	^(f)
	1,585,000	6.00%, due 3/1/2027		1,608,300	^(f)
	1,685,000	5.50%, due 1/15/2028		1,663,938	^(f)
	2,380,000	6.00%, due 12/31/2030		2,385,950	^(f)
	4,565,000	Western Midstream Operating L.P., 5.30%, due 2/1/2030		4,981,556
				94,742,127
Health Facilities 3.8%
		Acadia Healthcare Co., Inc.
	4,445,000	5.50%, due 7/1/2028		4,695,031	^(f)
	1,520,000	5.00%, due 4/15/2029		1,571,300	^(f)
		CHS/Community Health Systems, Inc.
	5,135,000	8.13%, due 6/30/2024		5,359,656	^(f)
	855,000	6.63%, due 2/15/2025		900,956	^(f)
	1,605,000	5.63%, due 3/15/2027		1,701,300	^(f)
	4,510,000	8.00%, due 12/15/2027		4,961,000	^(f)
	1,755,000	6.00%, due 1/15/2029		1,847,427	^(f)
	3,800,000	6.88%, due 4/15/2029		3,971,000	^(f)
	2,885,000	4.75%, due 2/15/2031		2,863,363	^(f)
	1,985,000	Columbia/HCA Corp., 7.69%, due 6/15/2025		2,367,113
	2,205,000	HCA, Inc., 5.63%, due 9/1/2028		2,571,581
	2,545,000	Select Medical Corp., 6.25%, due 8/15/2026		2,705,933	^(f)
		Tenet Healthcare Corp.
	1,940,000	6.25%, due 2/1/2027		2,034,575	^(f)
	1,675,000	4.63%, due 6/15/2028		1,730,679	^(f)
	19,695,000	6.13%, due 10/1/2028		20,778,225	^(f)
				60,059,139
Health Services 1.7%
	3,890,000	DaVita, Inc., 4.63%, due 6/1/2030		3,938,625	^(f)
	6,355,000	Envision Healthcare Corp., 8.75%, due 10/15/2026		4,613,921	^(f)
		Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA
	1,959,000	7.38%, due 6/1/2025		2,110,822	^(f)
	3,591,000	7.25%, due 2/1/2028		3,939,327	^(f)
	8,670,000	Team Health Holdings, Inc., 6.38%, due 2/1/2025		7,651,275	^(f)
	1,760,000	U.S. Acute Care Solutions LLC, 6.38%, due 3/1/2026		1,837,440	^(f)
	2,867,000	Vizient, Inc., 6.25%, due 5/15/2027		3,036,841	^(f)
				27,128,251
Hotels 0.8%
		Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
	2,065,000	7.50%, due 6/1/2025		2,245,460	^(f)
	4,530,000	5.88%, due 10/1/2028		4,807,463	^(f)
	4,540,000	Wyndham Hotels & Resorts, Inc., 4.38%, due 8/15/2028		4,686,188	^(f)
				11,739,111

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Insurance Brokerage 1.9%
$	6,710,000	Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, due 10/15/2027	$	7,045,500	^(f)
		AssuredPartners, Inc.
	5,485,000	7.00%, due 8/15/2025		5,594,700	^(f)
	3,665,000	5.63%, due 1/15/2029		3,715,320	^(f)
	2,835,000	BroadStreet Partners, Inc., 5.88%, due 4/15/2029		2,878,092	^(f)
	5,136,000	GTCR AP Finance, Inc., 8.00%, due 5/15/2027		5,469,840	^(f)
	4,155,000	HUB Int'l Ltd., 7.00%, due 5/1/2026		4,304,871	^(f)
				29,008,323
Machinery 1.0%
	2,775,000	Granite U.S. Holdings Corp., 11.00%, due 10/1/2027		3,114,937	^(f)
	4,880,000	Harsco Corp., 5.75%, due 7/31/2027		5,145,082	^(f)
	4,125,000	Terex Corp., 5.00%, due 5/15/2029		4,290,000	^(f)
	1,030,000	Vertical Holdco GmbH, 7.63%, due 7/15/2028		1,122,700	^(f)
	2,295,000	Vertical U.S. Newco, Inc., 5.25%, due 7/15/2027		2,402,590	^(f)
				16,075,309
Managed Care 0.6%
	2,310,000	Molina Healthcare, Inc., 3.88%, due 11/15/2030		2,379,300	^(f)
	7,665,000	MPH Acquisition Holdings LLC, 5.75%, due 11/1/2028		7,558,380	^(f)(g)
				9,937,680
Media Content 1.6%
	3,430,000	AMC Networks, Inc., 4.25%, due 2/15/2029		3,387,125
	6,075,000	Lions Gate Capital Holdings LLC, 5.50%, due 4/15/2029		6,090,187	^(f)
	3,270,000	Scripps Escrow II, Inc., 5.38%, due 1/15/2031		3,314,962	^(f)
		Sirius XM Radio, Inc.
	4,125,000	5.00%, due 8/1/2027		4,319,689	^(f)
	5,753,000	5.50%, due 7/1/2029		6,216,836	^(f)
	2,292,000	4.13%, due 7/1/2030		2,292,000	^(f)
				25,620,799
Metals - Mining Excluding Steel 1.7%
		Constellium SE
	5,200,000	5.63%, due 6/15/2028		5,512,000	^(f)
	2,100,000	3.75%, due 4/15/2029		2,055,375	^(f)
		First Quantum Minerals Ltd.
	3,355,000	6.88%, due 3/1/2026		3,522,750	^(f)
	3,020,000	6.88%, due 10/15/2027		3,314,450	^(f)
	1,945,000	Freeport-McMoRan, Inc., 5.45%, due 3/15/2043		2,374,748
		Hudbay Minerals, Inc.
	2,495,000	4.50%, due 4/1/2026		2,532,425	^(f)
	3,015,000	6.13%, due 4/1/2029		3,205,891	^(f)
	3,835,000	Novelis Corp., 5.88%, due 9/30/2026		4,000,634	^(f)
				26,518,273

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Oil Field Equipment & Services 1.3%
$	5,935,000	Archrock Partners L.P./Archrock Partners Finance Corp., 6.25%, due 4/1/2028	$	6,204,484	^(f)
	3,095,000	Solaris Midstream Holdings LLC, 7.63%, due 4/1/2026		3,241,363	^(f)
	2,940,000	TechnipFMC PLC, 6.50%, due 2/1/2026		3,138,703	^(f)
		USA Compression Partners L.P./USA Compression Finance Corp.
	3,450,000	6.88%, due 4/1/2026		3,617,980
	3,465,000	6.88%, due 9/1/2027		3,645,873
				19,848,403
Oil Refining & Marketing 0.1%
	960,000	Calumet Specialty Products Partners L.P./Calumet Finance Corp., 11.00%, due 4/15/2025		1,045,968	^(f)
Packaging 1.5%
	4,510,000	BWAY Holding Co., 7.25%, due 4/15/2025		4,385,975	^(f)
	5,855,000	Graham Packaging Co., Inc., 7.13%, due 8/15/2028		6,279,488	^(f)
	4,990,000	Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, due 9/15/2028		5,147,983	^(f)
	2,920,000	Trident TPI Holdings, Inc., 9.25%, due 8/1/2024		3,103,084	^(f)
	3,735,000	Trivium Packaging Finance BV, 8.50%, due 8/15/2027		3,996,450	^(f)
				22,912,980
Personal & Household Products 0.3%
	2,825,000	Energizer Holdings, Inc., 4.75%, due 6/15/2028		2,888,562	^(f)
	2,305,000	Spectrum Brands, Inc., 5.50%, due 7/15/2030		2,486,519	^(f)
				5,375,081
Pharmaceuticals 0.5%
	3,305,000	Organon Finance 1 LLC, 5.13%, due 4/30/2031		3,429,268	^(f)
	4,050,000	Valeant Pharmaceuticals Int'l, Inc., 6.13%, due 4/15/2025		4,135,172	^(f)
				7,564,440
Rail 0.4%
	5,245,000	Watco Cos. LLC/Watco Finance Corp., 6.50%, due 6/15/2027		5,585,925	^(f)
Real Estate Development & Management 1.6%
		Realogy Group LLC/Realogy Co-Issuer Corp.
	3,950,000	7.63%, due 6/15/2025		4,315,375	^(f)
	6,470,000	9.38%, due 4/1/2027		7,230,225	^(f)
	12,625,000	5.75%, due 1/15/2029		13,098,437	^(f)
				24,644,037
Real Estate Investment Trusts 5.4%
	4,475,000	Communications Sales & Leasing, Inc./CSL Capital LLC, 7.13%, due 12/15/2024		4,619,990	^(f)
		EPR Properties
	4,100,000	4.50%, due 6/1/2027		4,223,762
	1,280,000	4.95%, due 4/15/2028		1,337,949
	1,845,000	3.75%, due 8/15/2029		1,794,243

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		ESH Hospitality, Inc.
$	4,078,000	5.25%, due 5/1/2025	$	4,160,783	^(f)
	8,245,000	4.63%, due 10/1/2027		8,739,700	^(f)
		Iron Mountain, Inc.
	6,046,000	4.88%, due 9/15/2027		6,287,840	^(f)
	5,254,000	5.25%, due 3/15/2028		5,511,446	^(f)
	4,975,000	5.00%, due 7/15/2028		5,149,125	^(f)
	7,845,000	4.88%, due 9/15/2029		7,990,290	^(f)
	2,995,000	5.25%, due 7/15/2030		3,111,056	^(f)
	2,100,000	5.63%, due 7/15/2032		2,214,324	^(f)
	1,840,000	MGM Growth Properties Operating Partnership L.P./MGP Finance Co-Issuer, Inc., 4.63%, due 6/15/2025		1,957,548	^(f)
	4,941,000	Outfront Media Capital LLC/Outfront Media Capital Corp., 5.00%, due 8/15/2027		5,095,406	^(f)
	2,430,000	QualityTech L.P./QTS Finance Corp., 3.88%, due 10/1/2028		2,451,263	^(f)
	3,170,000	RHP Hotel Properties L.P./RHP Finance Corp., 4.75%, due 10/15/2027		3,262,310
	9,705,000	Uniti Group L.P./Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.88%, due 2/15/2025		10,457,138	^(f)
	6,315,000	Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, 6.00%, due 4/15/2023		6,409,725	^(f)
				84,773,898
Recreation & Travel 4.7%
		Carnival Corp.
	5,935,000	10.50%, due 2/1/2026		6,995,288	^(f)
	4,745,000	7.63%, due 3/1/2026		5,195,775	^(f)
	7,545,000	5.75%, due 3/1/2027		7,955,297	^(f)
	3,510,000	9.88%, due 8/1/2027		4,124,250	^(f)
		Cedar Fair L.P./Canada's Wonderland Co./Magnum Management Corp./Millennium Op
	2,930,000	5.50%, due 5/1/2025		3,069,527	^(f)
	2,820,000	6.50%, due 10/1/2028		3,035,025	^(f)
	1,070,000	Constellation Merger Sub, Inc., 8.50%, due 9/15/2025		1,032,550	^(f)
		Life Time, Inc.
	1,545,000	5.75%, due 1/15/2026		1,595,213	^(f)
	3,785,000	8.00%, due 4/15/2026		3,975,537	^(f)
	3,920,000	Motion Bondco DAC, 6.63%, due 11/15/2027		3,959,200	^(f)
		NCL Corp. Ltd.
	3,080,000	3.63%, due 12/15/2024		2,956,492	^(f)
	5,765,000	5.88%, due 3/15/2026		6,024,425	^(f)
	2,515,000	NCL Finance Ltd., 6.13%, due 3/15/2028		2,649,100	^(f)
		Royal Caribbean Cruises Ltd.
	1,835,000	11.50%, due 6/1/2025		2,125,737	^(f)
	8,615,000	5.50%, due 4/1/2028		9,034,550	^(f)
	2,935,000	SeaWorld Parks & Entertainment, Inc., 9.50%, due 8/1/2025		3,186,882	^(f)
	2,265,000	Six Flags Entertainment Corp., 5.50%, due 4/15/2027		2,338,612	^(f)(g)
	3,520,000	Six Flags Theme Parks, Inc., 7.00%, due 7/1/2025		3,802,902	^(f)
				73,056,362
Restaurants 0.3%
	4,110,000	Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc., 5.00%, due 2/1/2026		4,243,575	^(f)

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Software - Services 2.8%
$	3,450,000	Ahead DB Holdings LLC, 6.63%, due 5/1/2028	$	3,510,375	^(f)
	5,875,000	Endurance Acquisition Merger Sub., 6.00%, due 2/15/2029		5,625,313	^(f)
	2,055,000	Granite Merger Sub 2, Inc., 11.00%, due 7/15/2027		2,365,819	^(f)
	3,420,000	Match Group, Inc., 5.63%, due 2/15/2029		3,693,600	^(f)
	6,640,000	Presidio Holdings, Inc., 8.25%, due 2/1/2028		7,237,600	^(f)
	2,530,000	Rackspace Technology Global, Inc., 5.38%, due 12/1/2028		2,582,826	^(f)(g)
	5,515,000	Solera LLC/Solera Finance, Inc., 10.50%, due 3/1/2024		5,680,450	^(f)
	7,455,000	SS&C Technologies, Inc., 5.50%, due 9/30/2027		7,920,006	^(f)
	5,035,000	VM Consolidated, Inc., 5.50%, due 4/15/2029		5,114,754	^(f)
				43,730,743
Specialty Retail 1.7%
		Carvana Co.
	3,030,000	5.63%, due 10/1/2025		3,120,900	^(f)
	3,500,000	5.50%, due 4/15/2027		3,542,175	^(f)
	1,910,000	Crocs, Inc., 4.25%, due 3/15/2029		1,940,388	^(f)
	3,915,000	Ken Garff Automotive LLC, 4.88%, due 9/15/2028		3,949,256	^(f)
		L Brands, Inc.
	1,690,000	5.25%, due 2/1/2028		1,852,663
	5,727,000	6.63%, due 10/1/2030		6,600,138	^(f)
	3,165,000	LCM Investments Holdings II LLC, 4.88%, due 5/1/2029		3,237,542	^(f)
	2,460,000	Petsmart, Inc./Petsmart Finance Corp., 7.75%, due 2/15/2029		2,665,336	^(f)
				26,908,398
Steel Producers - Products 0.8%
		ArcelorMittal
	1,720,000	7.25%, due 10/15/2039		2,425,854
	1,770,000	7.00%, due 3/1/2041		2,457,976
	3,119,000	Joseph T Ryerson & Son, Inc., 8.50%, due 8/1/2028		3,446,339	^(f)
	3,835,000	TMS Int'l Corp., 6.25%, due 4/15/2029		3,988,400	^(f)
				12,318,569
Support - Services 5.4%
	5,485,000	APX Group, Inc., 6.75%, due 2/15/2027		5,898,185	^(f)
		Aramark Services, Inc.
	6,160,000	6.38%, due 5/1/2025		6,552,700	^(f)
	9,805,000	5.00%, due 2/1/2028		10,258,481	^(f)
	2,615,000	ASGN, Inc., 4.63%, due 5/15/2028		2,719,600	^(f)
		Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
	2,140,000	5.75%, due 7/15/2027		2,265,746	^(f)(g)
	2,880,000	5.38%, due 3/1/2029		2,998,800	^(f)
	1,750,000	frontdoor, Inc., 6.75%, due 8/15/2026		1,855,578	^(f)
	8,430,000	Garda World Security Corp., 8.75%, due 5/15/2025		8,798,813	^(f)
	2,060,000	GW B-CR Security Corp., 9.50%, due 11/1/2027		2,271,150	^(f)
	2,185,000	GYP Holdings III Corp., 4.63%, due 5/1/2029		2,188,190	^(f)
	10,260,000	KAR Auction Services, Inc., 5.13%, due 6/1/2025		10,403,024	^(f)
	4,350,000	Korn/Ferry Int'l, 4.63%, due 12/15/2027		4,528,785	^(f)
		Prime Security Services Borrower LLC/Prime Finance, Inc.
	6,765,000	5.75%, due 4/15/2026		7,399,760	^(f)
	7,595,000	6.25%, due 1/15/2028		7,936,775	^(f)
	4,425,000	Univar Solutions USA, Inc., 5.13%, due 12/1/2027		4,623,992	^(f)

See Notes to Financial Statements

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	1,510,000	White Cap Buyer LLC, 6.88%, due 10/15/2028	$	1,602,488	^(f)
	2,350,000	White Cap Parent LLC, 8.25%, due 3/15/2026		2,438,125	^(f)(j)
				84,740,192
Technology Hardware & Equipment 1.7%
	1,895,000	CommScope Finance LLC, 8.25%, due 3/1/2027		2,030,019	^(f)
		CommScope Technologies LLC
	8,979,000	6.00%, due 6/15/2025		9,136,132	^(f)
	4,945,000	5.00%, due 3/15/2027		4,898,950	^(f)
	3,655,000	CommScope, Inc., 7.13%, due 7/1/2028		3,951,969	^(f)
	5,765,000	Imola Merger Corp., 4.75%, due 5/15/2029		5,988,105	^(f)
				26,005,175
Telecom - Wireless 0.2%
	2,570,000	Sprint Capital Corp., 6.88%, due 11/15/2028		3,238,270
Telecom - Wireline Integrated & Services 4.0%
		Altice France Holding SA
	2,700,000	10.50%, due 5/15/2027		3,041,442	^(f)
	13,435,000	6.00%, due 2/15/2028		13,331,551	^(f)
		Altice France SA
	2,825,000	8.13%, due 2/1/2027		3,096,906	^(f)
	5,060,000	5.50%, due 1/15/2028		5,212,812	^(f)
	5,345,000	Cablevision Lightpath LLC, 5.63%, due 9/15/2028		5,478,625	^(f)
		Frontier Communications Corp.
	3,840,000	5.88%, due 10/15/2027		4,080,000	^(f)
	2,850,000	5.00%, due 5/1/2028		2,910,563	^(f)
	1,035,000	6.75%, due 5/1/2029		1,090,331	^(f)
	4,515,000	Level 3 Financing, Inc., 4.63%, due 9/15/2027		4,656,094	^(f)
	3,825,000	Lumen Technologies, Inc., 4.50%, due 1/15/2029		3,767,625	^(f)
	2,915,000	Numericable-SFR SA, 7.38%, due 5/1/2026		3,022,272	^(f)
	7,805,000	Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, due 2/15/2029		7,758,443	^(f)
	5,375,000	Zayo Group Holdings, Inc., 6.13%, due 3/1/2028		5,529,531	^(f)
				62,976,195
Theaters & Entertainment 1.1%
	7,435,000	Cinemark USA, Inc., 5.88%, due 3/15/2026		7,704,519	^(f)
		Live Nation Entertainment, Inc.
	3,340,000	4.88%, due 11/1/2024		3,402,625	^(f)
	2,520,000	6.50%, due 5/15/2027		2,784,600	^(f)
	3,490,000	4.75%, due 10/15/2027		3,521,611	^(f)
				17,413,355
Transportation Infrastructure 0.1%
	1,640,000	BBA U.S. Holdings, Inc., 5.38%, due 5/1/2026		1,676,867	^(f)
		Total Corporate Bonds (Cost $1,292,293,037)		1,352,168,915

See Notes to Financial Statements

100

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Convertible Bonds 1.2%
Gas Distribution 0.6%
$	11,155,000	Cheniere Energy, Inc., 4.25%, due 3/15/2045	$	9,181,184
Media 0.6%
	9,469,000	DISH Network Corp., 3.38%, due 8/15/2026		9,966,122
		Total Convertible Bonds (Cost $16,017,564)		19,147,306
Asset-Backed Securities 2.1%
	500,000	AIG CLO Ltd., Ser. 2019-1A, Class E, (3M USD LIBOR + 6.62%), 6.80%, due 4/15/2032		496,538	^(a)(f)
	2,500,000	Ares LIV CLO Ltd., Ser. 2019-54A, Class E, (3M USD LIBOR + 7.34%), 7.52%, due 10/15/2032		2,508,421	^(a)(f)
	1,350,000	Ballyrock CLO Ltd., Ser. 2016-1A, Class ER, (3M USD LIBOR + 6.95%), 7.13%, due 10/15/2028		1,366,800	^(a)(f)
	1,000,000	Barings CLO Ltd., Ser. 2017-1A, Class E, (3M USD LIBOR + 6.00%), 6.19%, due 7/18/2029		998,669	^(a)(f)
	2,300,000	Carlyle U.S. CLO Ltd., Ser. 2019-2A, Class D, (3M USD LIBOR + 6.60%), 6.78%, due 7/15/2032		2,297,700	^(a)(f)
	2,500,000	Catskill Park CLO Ltd., Ser. 2017-1A, Class D, (3M USD LIBOR + 6.00%), 6.19%, due 4/20/2029		2,429,612	^(a)(f)
	1,650,000	Cedar Funding X CLO Ltd., Ser. 2019-10A, Class E, (3M USD LIBOR + 7.00%), 7.19%, due 10/20/2032		1,653,093	^(a)(f)
	1,350,000	Crown City CLO II, Ser. 2020-A, Class D, (3M USD LIBOR + 7.17%), 7.42%, due 1/20/2032		1,345,929	^(a)(f)
	2,590,000	Dryden 86 CLO Ltd., Ser. 2020-86A, Class E, (3M USD LIBOR + 6.66%), 6.85%, due 7/17/2030		2,590,359	^(a)(f)
	1,222,200	Galaxy XV CLO Ltd., Ser. 2013-15A, Class ER, (3M USD LIBOR + 6.65%), 6.83%, due 10/15/2030		1,200,740	^(a)(f)
	800,000	Galaxy XXIV CLO Ltd., Ser. 2017-24A, Class E, (3M USD LIBOR + 5.50%), 5.68%, due 1/15/2031		784,796	^(a)(f)
	650,000	Gilbert Park CLO Ltd., Ser. 2017-1A, Class E, (3M USD LIBOR + 6.40%), 6.58%, due 10/15/2030		647,809	^(a)(f)
	1,400,000	Gulf Stream Meridian 2 Ltd., Ser. 2020-IIA, Class D, (3M USD LIBOR + 6.85%), 7.03%, due 10/15/2029		1,418,437	^(a)(f)
	4,000,000	Magnetite XV Ltd., Ser. 2015-15A, Class ER, (3M USD LIBOR + 5.20%), 5.38%, due 7/25/2031		3,831,291	^(a)(f)
	2,500,000	OCP CLO Ltd., Ser. 2019-17A, Class E, (3M USD LIBOR + 6.66%), 6.85%, due 7/20/2032		2,497,837	^(a)(f)
	1,000,000	Octagon Investment Partners Ltd., Ser. 2019-1A, Class E, (3M USD LIBOR + 6.60%), 6.78%, due 10/25/2032		999,988	^(a)(f)
	3,250,000	Palmer Square Loan Funding Ltd., Ser. 2020-1A, Class D, (3M USD LIBOR + 4.85%), 5.03%, due 2/20/2028		3,215,959	^(a)(f)
	600,000	Post CLO Ltd., Ser. 2018-1A, Class E, (3M USD LIBOR + 5.87%), 6.05%, due 4/16/2031		598,001	^(a)(f)
	2,000,000	TCW CLO AMR Ltd., Ser. 2019-1A, Class E, (3M USD LIBOR + 6.75%), 6.94%, due 2/15/2029		2,013,357	^(a)(f)
	500,000	Voya CLO Ltd., Ser. 2019-2, Class E, (3M USD LIBOR + 6.60%), 6.79%, due 7/20/2032		499,986	^(a)(f)
		Total Asset-Backed Securities (Cost $31,864,426)		33,395,322

See Notes to Financial Statements

101

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

NUMBER OF SHARES			VALUE
Short-Term Investments 7.7%
Investment Companies 7.7%
	86,934,497	State Street Institutional U.S. Government Money Market Fund Premier Class, 0.03%^(k)	$	86,934,497	^(l)
	32,708,513	State Street Navigator Securities Lending Government Money Market Portfolio, 0.02%^(k)		32,708,513	^(m)
		Total Short-Term Investments (Cost $119,643,010)		119,643,010
		Total Investments 101.6% (Cost $1,523,529,861)		1,589,070,943
		Liabilities Less Other Assets (1.6)%		(25,627,834	)^(n)(o)
		Net Assets 100.0%	$	1,563,443,109

(a) Variable or floating rate security. The interest rate shown was the current rate as of April 30, 2021 and changes periodically.

(b) Value determined using significant unobservable inputs.

(d) All or a portion of this security had not settled as of April 30, 2021 and thus may not have an interest rate in effect. Interest rates do not take effect until settlement.

(e) The stated interest rates represent the range of rates at April 30, 2021 of the underlying contracts within the Loan Assignment.

(f) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $1,165,956,803, which represents 74.6% of net assets of the Fund.

(g) The security or a portion of this security is on loan at April 30, 2021. Total value of all such securities at April 30, 2021 amounted to $32,035,323 for the Fund (see Note A of Notes to Financial Statements).

(h) When-issued security. Total value of all such securities at April 30, 2021 amounted to $2,073,881, which represents 0.1% of net assets of the Fund.

(i) Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(j) Payment-in-kind (PIK) security.

(k) Represents 7-day effective yield as of April 30, 2021.

(l) All or a portion of this security is segregated in connection with obligations for when-issued securities, delayed delivery securities and/or swaps with a total value of $86,934,497.

(m) Represents investment of cash collateral received from securities lending.

(n) Includes the impact of the Fund's open positions in derivatives at April 30, 2021.

(o) As of April 30, 2021, the value of unfunded loan commitments was $2,088,958 for the Fund (see Note A of Notes to Financial Statements).

See Notes to Financial Statements

102

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

POSITIONS BY COUNTRY

Country	Investments at Value		Percentage of Net Assets
United States	$	1,310,072,784		83.8	%
Cayman Islands		49,136,920		3.1	%
Canada		25,065,426		1.6	%
Luxembourg		21,256,823		1.4	%
United Kingdom		16,348,070		1.0	%
France		11,331,990		0.7	%
Netherlands		8,544,378		0.6	%
Germany		8,053,115		0.5	%
Zambia		6,837,200		0.4	%
Peru		5,738,316		0.4	%
Ireland		3,596,505		0.2	%
Finland		3,446,406		0.2	%
Short-Term Investments and Other Liabilities—Net		94,015,176		6.1	%
	$	1,563,443,109		100.0	%

Derivative Instruments

Total return swap contracts ("total return swaps")

At April 30, 2021, the Fund had outstanding total return swaps as follows:

Over-the-counter total return swaps—Long^(a)

Counterparty								Reference Entity				Notional Amount				Maturity Date				Variable- Rate^(b)				Spread				Reference Rate				Frequency of Fund Receipt/ Payment				Unrealized Appreciation/ (Depreciation)				Accrued Net Interest Receivable/ (Payable)				Value
				GSI				iBoxx Liquid High Yield Index				USD	45,657,236			6/20/2021					0.19	%			—	%			3M USD LIBOR			T/3M				$	657,236			$	(9,798	)		$	647,438

(a) The Fund pays a specified rate based on a reference rate plus or minus a spread, and receives the total return on the reference entity.

(b) Effective rate at April 30, 2021.

At April 30, 2021, the Fund had cash collateral of $580,000 received from Goldman Sachs International to cover collateral requirements on over-the-counter derivatives.

For the six months ended April 30, 2021, the average notional value for the months where the Fund had total return swaps outstanding was $50,852,385 for long positions.

See Notes to Financial Statements

103

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3^(b)		Total
Investments:
Loan Assignments
Business Equipment & Services	$	—	$	—	$	2,354,874	$	2,354,874
Industrial Equipment		—		—		4,279,340		4,279,340
Other Loan Assignments^(a)		—		58,082,176		—		58,082,176
Total Loan Assignments		—		58,082,176		6,634,214		64,716,390
Corporate Bonds^(a)		—		1,352,168,915		—		1,352,168,915
Convertible Bonds^(a)		—		19,147,306		—		19,147,306
Asset-Backed Securities		—		33,395,322		—		33,395,322
Short-Term Investments		—		119,643,010		—		119,643,010
Total Investments	$	—	$	1,582,436,729	$	6,634,214	$	1,589,070,943

(a) The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

(b) The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

(000's omitted)	Beginning balance, as of 11/1/2020		Accrued discounts/ (premiums)		Realized gain/(loss)			Change in unrealized appreciation/ (depreciation)		Purchases		Sales			Transfers into Level 3		Transfers out of Level 3		Balance, as of 4/30/2021		Net change in unrealized appreciation/ (depreciation) from investments still held as of 4/30/2021
Investments in Securities:
Loan Assignments^(c)	$	6,303	$	10	$	(17	)	$	280	$	4,255	$	(4,197	)	$	—	$	—	$	6,634	$	115
Total	$	6,303	$	10	$	(17	)	$	280	$	4,255	$	(4,197	)	$	—	$	—	$	6,634	$	115

(c) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The Fund does not have access to unobservable inputs and therefore cannot disclose such inputs used in formulating such quotation.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2021:

Other Financial Instruments	Level 1		Level 2		Level 3		Total
Swaps
Assets	$	—	$	647,438	$	—	$	647,438
Total	$	—	$	647,438	$	—	$	647,438

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

104

Schedule of Investments Municipal High Income Fund^ (Unaudited) April 30, 2021

PRINCIPAL AMOUNT			VALUE
Municipal Notes 94.7%
Alabama 2.1%
$	700,000	Black Belt Energy Gas Dist. (Alabama Gas Prepay Gas Supply Rev. Proj. Number 5, (Morgan Stanley), Ser. 2020-A-1, 4.00%, due 10/1/2049 Putable 10/1/2026	$	814,966
	1,000,000	Lower Alabama Gas Dist. Rev. Gas Proj. 2, (Goldman Sachs Group, Inc.), Ser. 2020, 4.00%, due 12/1/2050 Putable 12/1/2025		1,144,255
	590,000	Taylor-Ryan Imp. Dist. Rev. Ref., (LOC: Synovus Bank), Ser. 2005, 0.21%, due 11/1/2035		590,000	^(a)
				2,549,221
Arizona 4.7%
	500,000	Maricopa Co. Ind. Dev. Au. Ed. Ref. Rev. (Paradise Sch. Proj. Paragon Management, Inc.), Ser. 2016, 5.00%, due 7/1/2036		556,540	^(b)
	800,000	Maricopa Co. Ind. Dev. Au. Solid Waste Disp. Rev. (Waste Management, Inc. Proj.), Ser. 2001, 3.38%, due 12/1/2031 Putable 6/3/2024		801,873
	1,230,000	Maricopa Co. Ind. Dev. Au. Sr. Living Fac. Ref. Rev. (Christian Care Retirement Apts. Inc. Proj.), Ser. 2016-A, 5.00%, due 1/1/2025		1,418,262
	400,000	Maricopa Co. Ind. Dev. Au. Sr. Living Fac. Rev. (Christian Care Surprise, Inc. Proj.), Ser. 2016, 5.00%, due 1/1/2026		406,767	^(b)
	1,000,000	Maricopa Co. Poll. Ctrl. Corp. PCR. Ref. (Palo Verde Proj.), Ser. 2003-A, 1.05%, due 1/1/2038 Putable 6/1/2022		1,007,022
	250,000	Navajo Nation Ref. Rev., Ser. 2015-A, 5.00%, due 12/1/2025		276,716	^(b)
	500,000	Phoenix Ind. Dev. Au. Ed. Ref. Rev. (Great Hearts Academies), Ser. 2016-A, 5.00%, due 7/1/2046		547,895
	245,000	Phoenix Ind. Dev. Au. Rev. (Deer Valley Veterans Assisted Living Proj.), Ser. 2016-A, 5.13%, due 7/1/2036		250,968
	500,000	Pima Co. Ind. Dev. Au. Ed. Ref. Rev. (American Leadership Academy Proj.), Ser. 2015, 5.38%, due 6/15/2035		545,417	^(b)
				5,811,460
Arkansas 0.8%
	990,000	Batesville Pub. Facs. Board Hosp. Rev. Ref. (White River Hlth. Sys. Inc.), Ser. 2020, 3.00%, due 6/1/2028		985,300
California 12.9%
	500,000	California Co. Tobacco Securitization Agcy. Ref. Rev., Ser. 2020-B-1, 5.00%, due 6/1/2049		611,370
		California HFA Muni. Cert.
	976,072	Ser. 2019-A, 4.25%, due 1/15/2035		1,178,313
	499,412	Ser. 2021-1-A, 3.50%, due 11/20/2035		580,679
	250,000	California Muni. Fin. Au. Charter Sch. Lease Rev. (Santa Rosa Academy Proj.), Ser. 2015, 5.13%, due 7/1/2035		272,965	^(b)
		California Muni. Fin. Au. Charter Sch. Rev. (John Adams Academics Proj.)
	500,000	Ser. 2015-A, 4.50%, due 10/1/2025		525,262
	400,000	Ser. 2019-A, 5.00%, due 10/1/2049		425,423	^(b)
	500,000	California Muni. Fin. Au. Charter Sch. Rev. (Palmdale Aerospace Academy Proj.), Ser. 2016, 5.00%, due 7/1/2031		563,740	^(b)
	400,000	California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/2030		451,671	^(b)
	830,000	California St. Dept. of Veterans Affairs Home Purchase Ref. Rev., Ser. 2016-A, 2.85%, due 12/1/2027		889,531
	470,000	California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerge Redpak Svcs. So. California LLC Proj.), Ser. 2016, 7.00%, due 12/1/2027		235,000	^(b)(c)
	250,000	California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Calplant I Green Bond Proj.), Ser. 2019, 7.50%, due 12/1/2039		76,250	^(b)(c)

See Notes to Financial Statements

105

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	250,000	California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Green Bond-Rialto Bioenergy Fac. LLC, Proj.), Ser. 2019, 7.50%, due 12/1/2040	$	259,012	^(b)
	500,000	California St. Sch. Fin. Au. Charter Sch. Rev. (Downtown College Prep-Oblig. Group), Ser. 2016, 4.75%, due 6/1/2036		542,367	^(b)
	600,000	California St. Sch. Fin. Au. Charter Sch. Rev. (Rocketship Ed.), Ser. 2016-A, 5.00%, due 6/1/2031		662,662	^(b)
	300,000	California Statewide CDA College Hsg. Rev. (NCCD-Hooper Street LLC-College of the Arts Proj.), Ser. 2019, 5.25%, due 7/1/2052		313,952	^(b)
	1,700,000	California Statewide CDA Multi-Family Hsg. Rev. (Irvine Apt. Comm. LP Proj.), (LOC: Wells Fargo Bank N.A.), Ser. 2001-W-1, 0.05%, due 8/1/2034		1,700,000	^(a)
	400,000	California Statewide CDA Rev. Ref. (Lancer Ed. Std. Hsg. Proj.), Ser. 2016-A, 5.00%, due 6/1/2036		441,753	^(b)
	95,000	California Statewide CDA Spec. Tax Rev. Ref. (Comm. Facs. Dist. Number 2007-01 Orinda Wilder Proj.), Ser. 2015, 4.50%, due 9/1/2025		108,309
	350,000	Foothill-Eastern Trans. Corridor Agcy. Toll Road Rev. Sr. Lien, Ser. 2021-A, 4.00%, due 1/15/2046		410,747
		Golden St. Tobacco Securitization Corp. Tobacco Settlement Rev. Ref.
	500,000	Ser. 2018-A-1, 5.00%, due 6/1/2047		516,572
	4,500,000	Ser. 2018-A-2, 5.00%, due 6/1/2047		4,649,146
	500,000	Tobacco Securitization Au. Southern California Tobacco Settlement Rev. Ref. (San Diego Co. Asset Securitization Corp.), Ser. 2019-A, Class 1, 5.00%, due 6/1/2048		618,542
				16,033,266
Colorado 4.5%
	750,000	Colorado St. Hlth. Facs. Au. Hosp. Rev. Ref. (Commonspirit Hlth.), Ser. 2019-A-2, 4.00%, due 8/1/2049		845,865
	471,000	Crystal Crossing Metro. Dist. Ref. G.O., Ser. 2016, 4.50%, due 12/1/2026		510,628
	250,000	Denver Convention Ctr. Hotel Au. Ref. Rev., Ser. 2016, 5.00%, due 12/1/2027		298,671
	1,250,000	Denver Hlth. & Hosp. Au. Healthcare Rev. Ref., Ser. 2019-A, 4.00%, due 12/1/2040		1,443,156
	500,000	Littleton Village Metro. Dist. Number 2 Ref. G.O., Ser. 2015, 5.38%, due 12/1/2045		515,661
		Park Creek Metro. Dist. Ref. Tax Allocation Rev. (Sr. Ltd. Prop. Tax Supported)
	250,000	Ser. 2015-A, 5.00%, due 12/1/2034		291,969
	175,000	Ser. 2015-A, 5.00%, due 12/1/2035		204,038
	500,000	Ser. 2015-A, 5.00%, due 12/1/2045		575,270
	800,000	Pueblo Urban Tax Increment Rev. Au. (Evraz Proj.), Ser. 2021-A, 4.75%, due 12/1/2045		893,549	^(b)
				5,578,807
Florida 3.4%
	200,000	Cap. Trust Agcy. Sr. Living Rev. (H-Bay Ministries, Inc. Superior Residences-Third Tier), Ser. 2018-C, 7.50%, due 7/1/2053		60,293	^(b)
	650,000	Florida Dev. Fin. Corp. Ed. Facs. Rev. Ref. (Pepin Academies, Inc.), Ser. 2016-A, 5.00%, due 7/1/2036		675,690
	450,000	Florida St. Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc. Proj.), Ser. 2015-A, 6.00%, due 6/15/2035		511,573	^(b)
	350,000	Florida St. Dev. Fin. Corp. Sr. Living Rev. (Tuscan Isle Champions Gate Proj.), Ser. 2016-A, 6.38%, due 6/1/2046		245,000	^(b)(c)
	265,000	Florida St. Hsg. Fin. Corp. Rev., Ser. 2015-1, (GNMA/FNMA/FHLMC Insured), 3.75%, due 7/1/2035		277,243
	800,000	Gainesville Utils. Sys. Rev., (LOC: Barclays Bank PLC), Ser. 2012-B, 0.03%, due 10/1/2042		800,000	^(a)
	400,000	Greater Orlando Aviation Au. Arpt. Facs. Spec. Purp. Rev. (JetBlue Airways Corp. Proj.), Ser. 2013, 5.00%, due 11/15/2036		423,595
	100,000	St. Lucie Co. PCR Ref. (Florida Pwr. & Lt. Co. Proj.), Ser. 2000, 0.06%, due 9/1/2028		100,000	^(a)

See Notes to Financial Statements

106

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	995,000	Village Comm. Dev. Dist. Number 13 Spec. Assessment Rev., Ser. 2019, 3.70%, due 5/1/2050	$	1,056,903
				4,150,297
Georgia 0.6%
	250,000	Cobb Co. Dev. Au. Sr. Living Ref. Rev. (Provident Village Creekside Proj.), Ser. 2016-A, 6.00%, due 7/1/2036		187,752	^(b)(c)
	500,000	DeKalb Co. Hsg. Au. Sr. Living Rev. Ref. (Baptist Retirement Comm. of Georgia Proj.), Ser. 2019-A, 5.13%, due 1/1/2049		408,928	^(b)
	135,000	Tender Option Bond Trust Receipts/Cert., (LOC: JP Morgan Chase Bank N.A.), Ser. 2020, 0.28%, due 1/1/2026		135,000	^(a)(b)
				731,680
Guam 0.5%
		Guam Gov't Hotel Occupancy Tax Rev.
	250,000	Ser. 2021-A, 5.00%, due 11/1/2030		317,956
	250,000	Ser. 2021-A, 5.00%, due 11/1/2035		314,859
				632,815
Hawaii 0.6%
		Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. Ref.
	250,000	Ser. 2015-A, 5.00%, due 1/1/2035		257,730	^(b)
	500,000	Ser. 2015-A, 5.00%, due 1/1/2045		508,952	^(b)
				766,682
Illinois 10.5%
		Chicago G.O.
	2,000,000	Ser. 2019-A, 5.00%, due 1/1/2044		2,352,631
	500,000	Ser. 2019-A, 5.50%, due 1/1/2049		602,090
	200,000	Chicago O'Hare Int'l Arpt. Rev. Ref., Ser. 2015-A, 5.00%, due 1/1/2028		230,455
	500,000	Chicago O'Hare Int'l Arpt. Spec. Fac. Rev. (Trips Obligated Group), Ser. 2018, 5.00%, due 7/1/2048		589,668
	500,000	Chicago Ref. G.O., Ser. 2012-C, 5.00%, due 1/1/2024		513,483
	155,000	Chicago Wastewater Rev. (Second Lien Proj.), Ser. 2014, 5.00%, due 11/1/2027		177,770
	500,000	Chicago Wastewater Transmission Rev. Ref. (Second Lien), Ser. 2008-C, 5.00%, due 1/1/2039		572,237
	400,000	Illinois Fin. Au. Charter Sch. Rev. (Intrinsic Sch.-Belmont Sch. Proj.), Ser. 2015-A, 5.75%, due 12/1/2035		442,899	^(b)
	425,000	Illinois Fin. Au. Rev. Ref. (Rosalind Franklin Univ. of Medicine & Science), Ser. 2017-A, 5.00%, due 8/1/2047		489,485
		Illinois St. G.O.
	2,000,000	Ser. 2017-D, 5.00%, due 11/1/2028		2,402,668
	1,800,000	Ser. 2020, 5.75%, due 5/1/2045		2,308,969
		Illinois St. G.O. Ref.
	860,000	Ser. 2016, 5.00%, due 2/1/2024		961,331
	485,000	Ser. 2016, 5.00%, due 2/1/2026		574,880
	270,000	Illinois St. Sales Tax Rev., Ser. 1992-P, 6.50%, due 6/15/2022		277,658
	500,000	Upper Illinois River Valley Dev. Au. Rev. Ref. (Cambridge Lakes Learning Ctr.), Ser. 2017-A, 5.25%, due 12/1/2047		534,153	^(b)
				13,030,377

See Notes to Financial Statements

107

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Indiana 0.6%
$	675,000	Indianapolis Econ. Dev. Rev. Ref. (Brookhaven Co. Line Apts. Proj.), Ser. 2013-A, 6.25%, due 7/1/2043 Pre-Refunded 7/1/23	$	749,253
Iowa 2.8%
	400,000	Iowa Higher Ed. Loan Au. Ref. Rev. (Wartburg College Proj.), Ser. 2015, 5.00%, due 10/1/2032		424,301
		Iowa Higher Ed. Loan Au. Rev. (Private College Des Moines Univ. Proj.)
	1,160,000	Ser. 2020, 5.00%, due 10/1/2029		1,476,477
	1,220,000	Ser. 2020, 5.00%, due 10/1/2030		1,570,293
				3,471,071
Kansas 0.3%
	345,000	Goddard Kansas Sales Tax Spec. Oblig. Rev. Ref. (Olympic Park Star Bond Proj.), Ser. 2019, 3.60%, due 6/1/2030		348,580
Kentucky 1.8%
	405,000	Kentucky Econ. Dev. Fin. Au. (Sr. Next Generation Information Hwy. Proj.), Ser. 2015-A, 4.00%, due 7/1/2029		445,052
	435,000	Kentucky Econ. Dev. Fin. Au. Rev. Ref. (Owensboro Hlth., Inc. Obligated Group), Ser. 2017-A, (AGM Insured), 4.00%, due 6/1/2037		486,540
	1,000,000	Kentucky Muni. Pwr. Agcy. Pwr. Sys. Rev. Ref. (Prairie St. Proj.), Ser. 2019-A, 4.00%, due 9/1/2045		1,103,004
	200,000	Kentucky St. Pub. Energy Au. Gas Supply Rev., (Morgan Stanley), Ser. 2018-A, 4.00%, due 4/1/2048 Putable 4/1/2024		219,290
				2,253,886
Louisiana 1.7%
	250,000	Greater Ouachita Wtr. Co., Inc. Waterworks & Swr. Sys. Rev. Ref., Ser. 2019, (BAM Insured), 4.00%, due 9/1/2037		289,975
	400,000	Louisiana Local Gov't Env. Facs. & Comm. Dev. Au. Rev. Ref. (Westside Habilitation Ctr. Proj.), Ser. 2017-A, 5.75%, due 2/1/2032		437,067	^(b)
	300,000	Louisiana St. Local Gov't Env. Facs. & Comm. Dev. Au. Rev. (Lafourche Parish Gomesa Proj.), Ser. 2019, 3.95%, due 11/1/2043		311,407	^(b)
	500,000	New Orleans Aviation Board Rev. (Gen. Arpt. Terminal), Ser. 2017-B, 5.00%, due 1/1/2026		595,693
	500,000	St. John the Baptist Parish LA Rev. Ref. (Marathon Oil Corp. Proj.), Ser. 2017-A-1, 2.00%, due 6/1/2037 Putable 4/1/2023		510,669
				2,144,811
Maine 0.2%
	200,000	Maine St. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys. Proj.), Ser. 2015, 5.13%, due 8/1/2035 Putable 8/1/2025		226,247	^(b)
Maryland 1.0%
	250,000	Baltimore Spec. Oblig. Ref. Rev. Sr. Lien (Harbor Point Proj.), Ser. 2019-A, 3.63%, due 6/1/2046		257,684	^(b)
	1,000,000	Maryland St. Hsg. & Comm. Dev. Administration Dept. Rev., Ser. 2020-D, 1.95%, due 9/1/2035		1,004,588
				1,262,272

See Notes to Financial Statements

108

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Michigan 4.0%
$	950,000	Detroit Social Bonds G.O., Ser. 2021-A, 4.00%, due 4/1/2042	$	1,057,095
	1,500,000	Michigan St. Fin. Au. Rev. Ref., Ser. 2020-B-1, Class 2, 5.00%, due 6/1/2049		1,797,752
	1,000,000	Michigan St. Hsg. Dev. Au. Rev., Ser. 2016-C, 2.15%, due 6/1/2023		1,027,866
	700,000	Michigan St. Strategic Fund Ltd. Oblig. Rev. (Henry Ford Museum Village Proj.), (LOC: Comerica Bank), Ser. 2002, 0.05%, due 12/1/2033		700,000	^(a)
	400,000	Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.38%, due 11/1/2035		400,481
				4,983,194
Minnesota 0.7%
	500,000	St. Paul Hsg. & Redev. Au. Charter Sch. Lease Rev. (Academia Cesar Chavez Sch. Proj.), Ser. 2015-A, 5.25%, due 7/1/2050		512,142
	300,000	St. Paul Hsg. & Redev. Au. Charter Sch. Lease Rev. (Twin Cities Academy Proj.), Ser. 2015-A, 5.00%, due 7/1/2035		324,012
				836,154
Missouri 0.3%
	355,000	St. Louis Co. Ind. Dev. Au. Ref. Rev. (Nazareth Living Ctr. Proj.), Ser. 2015-A, 5.13%, due 8/15/2045		363,666
Montana 1.2%
	1,515,000	Mizuho Floater/Residual Trust, (LOC: Mizuho Cap. Markets LLC), Ser. 2021, 0.31%, due 6/1/2034		1,515,000	^(a)(b)
Nevada 0.4%
	500,000	Director of the St. of Nevada Dept. of Bus. & Ind. Rev. (Somerset Academy), Ser. 2015-A, 5.13%, due 12/15/2045		549,519	^(b)
New Hampshire 0.6%
	750,000	Nat'l Fin. Au. Rev. (Green Bond), Ser. 2020-B, 3.75%, due 7/1/2045 Putable 7/2/2040		777,465	^(b)
New Jersey 5.1%
		Atlantic City G.O. Ref.
	200,000	Ser. 2017-A, (BAM Insured), 5.00%, due 3/1/2026		237,859
	200,000	Ser. 2017-A, (BAM Insured), 5.00%, due 3/1/2032		242,047
	350,000	New Jersey Econ. Dev. Au. Spec. Fac. Rev. Ref. (Port Newark Container Term. LLC Proj.), Ser. 2017, 5.00%, due 10/1/2047		401,954
	250,000	New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2017-1A, 5.00%, due 12/1/2025		295,886
	750,000	New Jersey Higher Ed. Assist. Au. Rev. Ref. (Std. Loan Rev.), Ser. 2018-B, 5.00%, due 12/1/2027		920,529	^(d)
		New Jersey Hlth. Care Facs. Fin. Au. Contract Rev. Ref. (Hosp. Asset Trans. Prog.)
	1,265,000	Ser. 2017, 5.00%, due 10/1/2026		1,542,383
	1,000,000	Ser. 2017, 5.00%, due 10/1/2028		1,248,102
	1,250,000	New Jersey St. Trans. Trust Fund Au., Ser. 2019-BB, 4.00%, due 6/15/2050		1,398,231
				6,286,991

See Notes to Financial Statements

109

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
New Mexico 0.4%
$	443,000	Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr., Lien Rev. (Gross Receipts Tax Increment Bonds), Ser. 2015, 5.25%, due 5/1/2025	$	452,208	^(b)
New York 4.7%
	1,000,000	Metro. Trans. Au. Rev., Ser. 2012-E, 4.00%, due 11/15/2038		1,031,910
	300,000	New York St. Dorm. Au. Rev. Ref. Non St. Supported Debt (Montefiore Obligated Group), Ser. 2018-A, 4.00%, due 8/1/2037		339,610
	900,000	New York St. Dorm. Au. Rev. Ref. Non St. Supported Debt (Orange Reg. Med. Ctr.), Ser. 2017, 5.00%, due 12/1/2022		957,120	^(b)
	770,000	New York St. Mtge. Agcy. Homeowner Mtge. Rev., (LOC: Bank of America N.A.), Ser. 2006, 0.07%, due 10/1/2037		770,000	^(a)
	1,000,000	New York St. Trans. Dev. Corp. Exempt Fac. Rev. (Empire St. Thruway Svc. Areas Proj.), Ser. 2021, 4.00%, due 4/30/2053		1,133,631
	500,000	New York St. Trans. Dev. Corp. Spec. Fac. Rev. (American Airlines, Inc., John F Kennedy Int'l Arpt. Proj.), Ser. 2016, 5.00%, due 8/1/2031		505,068
	500,000	New York St. Trans. Dev. Corp. Spec. Fac. Rev. (Delta Airlines, Inc.-LaGuardia Arpt. Term. C&D Redev.), Ser. 2018, 5.00%, due 1/1/2028		617,903
	40,000	New York St. Trans. Dev. Corp. Spec. Fac. Rev. (LaGuardia Arpt. Term. B Redev. Proj.), Ser. 2016-A, 4.00%, due 7/1/2041		43,255
	420,000	Yonkers Econ. Dev. Corp. Ed. Rev. (Charter Sch. of Ed. Excellence Proj.), Ser. 2019-A, 5.00%, due 10/15/2039		484,294
				5,882,791
North Carolina 0.9%
	250,000	North Carolina Med. Care Commission Hlth. Care Fac. First Mtge. Rev. (Lutheran Svcs. for Aging, Inc.), Ser. 2012-A, 5.00%, due 3/1/2037		252,828
	250,000	North Carolina Med. Care Commission Retirement Facs. First Mtge. Rev. (Sharon Towers), Ser. 2019-A, 5.00%, due 7/1/2049		276,458
	500,000	North Carolina St. Med. Care Commission Retirement Facs. Rev., Ser. 2020-A, 4.00%, due 9/1/2035		554,105
				1,083,391
North Dakota 0.4%
	500,000	Grand Forks Co. Solid Waste Disp. Ref. Rev. (Green Bond-Red River Biorefinery, LLC Proj.), Ser. 2020, 6.38%, due 12/15/2043		456,822
Ohio 7.6%
	550,000	Akron Bath Copley Jt. Twp. Hosp. Dist. (Summa Hlth. Sys. Oblig.), Ser. 2020, 4.00%, due 11/15/2035		635,787
	2,880,000	Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Ref. Rev., Ser. 2020-B-2, Class 2, 5.00%, due 6/1/2055		3,235,239
	800,000	Cuyahoga Metro. Hsg. Au. Rev., Ser. 2021, 2.00%, due 12/1/2031		798,139	^(e)
	500,000	Ohio St. Air Quality Dev. Au. Exempt Facs. Rev. (AMG Vanadium LLC Proj.), Ser. 2019-D, 5.00%, due 7/1/2049		552,805	^(b)
	1,000,000	Ohio St. Air Quality Dev. Au. Exempt Facs. Rev. (Pratt Paper LLC Proj.), Ser. 2017, 4.50%, due 1/15/2048		1,130,497	^(b)
	1,500,000	Ohio St. Air Quality Dev. Au. Rev. (Ohio Valley Elec. Corp. Proj.), Ser. 2014-B, 2.60%, due 6/1/2041 Putable 10/1/2029		1,593,452
	750,000	Ohio St. Air Quality Dev. Au. Rev. Ref. (Ohio Valley Elec. Corp. Proj.), Ser. 2019-A, 3.25%, due 9/1/2029		803,111

See Notes to Financial Statements

110

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	250,000	Port Au. of Greater Cincinnati Dev. Rev. (Convention Ctr. Hotel Acquisition and Demolition Proj.), Ser. 2020-A, 3.00%, due 5/1/2023	$	250,324
	365,000	So. Ohio Port Exempt Fac. Au. Rev. (PureCycle Proj.), Ser. 2020-A, 7.00%, due 12/1/2042		412,933	^(b)
				9,412,287
Oklahoma 0.3%
	325,000	Oklahoma St. Dev. Fin. Au. Hlth. Sys. Rev. (OU Medicine Proj.), Ser. 2018-B, 5.50%, due 8/15/2057		397,978
Pennsylvania 1.1%
	200,000	Luzerne Co. G.O. Ref, Ser. 2017-B, (AGM Insured), 5.00%, due 12/15/2027		248,228
	750,000	Pennsylvania Econ. Dev. Fin. Au. Rev. (Bridges Finco LP), Ser. 2016-C, 5.00%, due 12/31/2038		873,676
	400,000	Pennsylvania Econ. Dev. Fin. Au. Rev. Ref. (Tapestry Moon Sr. Hsg. Proj.), Ser. 2018-A, 6.75%, due 12/1/2053		236,000	^(b)
	27,464	Pennsylvania St. Econ. Dev. Fin. Au. Solid Waste Disp. Rev. (CarbonLite P LLC Proj.), Ser. 2019, 5.75%, due 6/1/2036		8,805	^(f)(g)(h)
				1,366,709
Puerto Rico 3.9%
	2,500,000	Puerto Rico Elec. Pwr. Au. Rev., Ser. 2012-A, 5.00%, due 7/1/2042		2,312,500	^(c)
	2,260,000	Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Ser. 2018-A-1, 5.00%, due 7/1/2058		2,546,026
				4,858,526
Rhode Island 1.0%
		Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.)
	465,000	Ser. 2013-A, 3.25%, due 12/1/2022		465,892
	675,000	Ser. 2017-A, 5.00%, due 12/1/2024		773,683
				1,239,575
South Carolina 1.1%
	500,000	Lancaster Co. Assessment Rev. Ref. (Walnut Creek Imp. Dist.), Ser. 2016-A-1, 5.00%, due 12/1/2031		525,066
	150,000	South Carolina Jobs Econ. Dev. Au. Econ. Dev. Rev. (River Park Sr. Living Proj.), Ser. 2017-A, 7.75%, due 10/1/2057		150,069
	500,000	South Carolina Jobs Econ. Dev. Au. Solid Waste Disp. Rev. (Green Bond-Jasper Pellets LLC, Proj.), Ser. 2018-A, 7.00%, due 11/1/2038		440,915	^(b)
	500,000	South Carolina Jobs Econ. Dev. Au. Solid Waste Disp. Rev. (Repower South Berkeley LLC Proj.), Ser. 2017, 6.25%, due 2/1/2045		200,000	^(b)(c)
				1,316,050
Texas 5.4%
	750,000	Anson Ed. Facs. Corp. Ed. Rev. (Arlington Classics Academy), Ser. 2016-A, 5.00%, due 8/15/2045		831,063
	400,000	Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-A, 4.75%, due 5/1/2038		420,707
	400,000	Houston Arpt. Sys. Rev., Ser. 2015-B-1, 5.00%, due 7/15/2030		446,842
	294,782	Mission Econ. Dev. Corp. Wtr. Supply Rev. (Green Bond-Env. Wtr. Minerals Proj.), Ser. 2015, 7.75%, due 1/1/2045		23,583	^(b)(c)

See Notes to Financial Statements

111

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	500,000	New Hope Cultural Ed. Facs. Fin. Corp. Rev. (Beta Academy), Ser. 2019, 5.00%, due 8/15/2049	$	522,685	^(b)
	500,000	New Hope Cultural Ed. Facs. Fin. Corp. Sr. Living Rev. (Cardinal Bay, Inc. Village On The Park Carriage), Ser. 2016-C, 5.50%, due 7/1/2046		375,331
	500,000	New Hope Cultural Ed. Facs. Fin. Corp. Std. Hsg. Rev. (NCCD-College Sta. Properties LLC), Ser. 2015-A, 5.00%, due 7/1/2047		430,000
	300,000	Port Beaumont Navigation Dist. Dock & Wharf Fac. Rev. Ref. (Jefferson Gulf Coast Energy Proj.), Ser. 2020-A, 3.63%, due 1/1/2035		310,445	^(b)
	700,000	Tender Option Bond Trust Receipts/Cert., (LOC: Deutsche Bank A.G.), Ser. 2021, 0.36%, due 1/1/2061		700,000	^(a)(b)
	500,000	Texas St. Private Activity Bond Surface Trans. Corp. Rev. (Sr. Lien-Blueridge Trans. Group LLC), Ser. 2016, 5.00%, due 12/31/2040		567,809
	1,000,000	Texas St. Private Activity Bond Surface Trans. Corp. Sr. Lien Rev. Ref. (Sr. North Tarrant Express Managed Lanes Proj.), Ser. 2019-A, 5.00%, due 12/31/2030		1,280,965
	750,000	Texas St. Trans. Commission Turnpike Sys. Rev. Ref., Ser. 2015-C, 5.00%, due 8/15/2034		841,974
				6,751,404
Utah 2.0%
	750,000	Mida Mountain Village Pub. Infrastructure Dist. Spec. Assessment (Mountain Village Assessment Area Number 2), Ser. 2021, 4.00%, due 8/1/2050		771,359	^(b)
		Utah Infrastructure Agcy. Telecommunication Rev.
	600,000	Ser. 2019, 4.00%, due 10/15/2036		694,477
	1,000,000	Ser. 2021, 3.00%, due 10/15/2045		1,025,449
				2,491,285
Vermont 1.0%
	500,000	Vermont Econ. Dev. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2013, 4.63%, due 4/1/2036 Putable 4/3/2028		570,819	^(b)

Vermont Std. Assist. Corp. Ed. Loan Rev.

	430,000	Ser. 2013-A, 3.90%, due 6/15/2022	442,348
	260,000	Ser. 2015-A, 4.13%, due 6/15/2028	277,883
			1,291,050
Virginia 0.5%
	400,000	Embrey Mill Comm. Dev Au. Spec. Assessment Rev., Ser. 2015, 5.30%, due 3/1/2035	424,369	^(b)
	200,000	Virginia College Bldg. Au. Ed. Facs. Rev. (Green Bonds-Marymount Univ. Proj.), Ser. 2015-B, 5.25%, due 7/1/2035	214,066	^(b)
			638,435
Washington 0.5%
	500,000	Washington St. Hlth. Care Fac. Au. Rev. Ref. (Virginia Mason Med. Ctr.), Ser. 2017, 5.00%, due 8/15/2026	596,676
West Virginia 0.4%
	400,000	West Virginia Hosp. Fin. Au. Rev. Ref. (Cabell Huntington Hosp. Obligated Group), Ser. 2018-A, 5.00%, due 1/1/2043	484,250
Wisconsin 2.0%
	300,000	Pub. Fin. Au. Ed. Rev. (Research Triangle High Sch. Proj.), Ser. 2015-A, 5.38%, due 7/1/2035	324,596	^(b)

See Notes to Financial Statements

112

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	750,000	Pub. Fin. Au. Exempt Facs. Ref. Rev. (Celanese Proj.), Ser. 2016-C, 4.30%, due 11/1/2030	$	834,199
	411,673	Pub. Fin. Au. Rev. (Goodwill Industries of So. Nevada Proj.), Ser. 2015-A, 5.50%, due 12/1/2038		403,942
	500,000	Pub. Fin. Au. Rev. (Sr.-Maryland Proton Treatment Ctr. LLC), Ser. 2018-A-1, 6.38%, due 1/1/2048		414,477	^(b)
	500,000	Pub. Fin. Au. Sr. Rev. (Wonderful Foundations Charter Sch. Portfolio Proj.), Ser. 2020-A-1, 5.00%, due 1/1/2055		556,902	^(b)
				2,534,116
Other 0.2%
	200,000	JPMorgan Chase Putters/Drivers Trust Var. Sts. Rev. (Putters), (LOC: JP Morgan Chase Bank N.A.), Ser. 2019, 0.24%, due 6/1/2021		200,000	^(a)(b)
		Total Municipal Notes (Cost $112,267,423)		117,491,567
Loan Assignments 0.3%
Environmental 0.3%
	135,274	CarbonLite P LLC, Term Loan DIP, 12.00%, due 9/5/2021		135,274	^(f)(g)(h)
	273,253	CarbonLite P LLC, Roll Up Term Loan, 12.00%, due 9/6/2021		273,253	^(f)(g)(h)
		Total Loan Assignments (Cost $135,347)		408,527
NUMBER OF SHARES
Exchange-Traded Funds 4.3%
	84,600	VanEck Vectors High-Yield Municipal Index ETF (Cost $4,988,813)		5,302,728
		Total Investments 99.3% (Cost $117,391,583)		123,202,822
		Other Assets Less Liabilities 0.7%		906,353
		Net Assets 100.0%	$	124,109,175

(a) Variable rate demand obligation where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined by the remarketing agent. The rate shown represents the rate in effect at April 30, 2021.

(b) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $23,706,232, which represents 19.1% of net assets of the Fund.

(d) All or a portion of this security is segregated in connection with obligations for when-issued securities with a total value of $920,529.

(e) When-issued security. Total value of all such securities at April 30, 2021 amounted to $798,139, which represents 0.6% of net assets of the Fund.

(f) Security fair valued as of April 30, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at April 30, 2021 amounted to $417,332, which represents 0.3% of net assets of the Fund.

See Notes to Financial Statements

113

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

(g) Value determined using significant unobservable inputs.

(h) These securities have been deemed by the investment manager to be illiquid, and are subject to restrictions on resale.

At April 30, 2021, these securities amounted to $417,332, which represents 0.3% of net assets of the Fund.

Restricted Security	Acquisition Date(s)	Acquisition Cost		Acquisition Cost Percentage of Net Assets as of Acquisition Date			Value as of 4/30/2021		Fair Value Percentage of Net Assets as of 4/30/2021
CarbonLite P LLC	3/10/2021 & 4/13/2021	$	131,216		0.1	%	$	135,274		0.1	%
CarbonLite P LLC	3/10/2021 – 4/30/2021		3,253		0.0	%		273,253		0.2	%
Pennsylvania St. Econ. Dev. Fin. Au. Solid Waste Disp. Rev. (CarbonLite P LLC Proj.), Ser. 2019	6/13/2019		27,464		0.0%			8,805		0.0%
Total		$	161,933		0.1	%	$	417,332		0.3	%

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3^(b)		Total
Investments:
Municipal Notes
Pennsylvania	$	—	$	1,357,904	$	8,805	$	1,366,709
Other Municipal Notes^(a)		—		116,124,858		—		116,124,858
Total Municipal Notes		—		117,482,762		8,805		117,491,567
Exchange-Traded Funds		5,302,728		—		—		5,302,728
Loan Assignments^(a)		—		—		408,527		408,527
Total Investments	$	5,302,728	$	117,482,762	$	417,332	$	123,202,822

(a) The Schedule of Investments provides information on the state/territory or industry for the portfolio.

See Notes to Financial Statements

114

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

(b) The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

(000's omitted)	Beginning balance, as of 11/1/2020		Accrued discounts/ (premiums)		Realized gain/ (loss)			Change in unrealized appreciation/ (depreciation)			Purchases		Sales			Transfers into Level 3		Transfers out of Level 3		Balance, as of 4/30/2021		Net change in unrealized appreciation/ (depreciation) from investments still held as of 4/30/2021
Investments in Securities:
Municipal Notes^(c)	$	—	$	—	$	(247	)	$	(11	)	$	—	$	(25	)	$	292	$	—	$	9	$	(11	)
Loan Assignments^(c)		—		1		—			273			135		—			—		—		409		273
Total	$	—	$	1	$	(247	)	$	262		$	135	$	(25	)	$	292	$	—	$	418	$	262

Investment
type

Fair value
at 4/30/2021

Valuation
approach

Unobservable
input(s)

Input value/
range

Weighted
average^(d)

Impact to
valuation
from
increase
in input^(e)

Municipal Notes

8,805

Recovery Value

32.06

Increase

Loan Assignments

408,527

Market Approach

Recovery Value

100.00

Increase

(d) The weighted averages disclosed in the table above were weighted by relative fair value.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

115

Schedule of Investments Municipal Impact Fund^ (Unaudited) April 30, 2021

PRINCIPAL AMOUNT			VALUE
Municipal Notes 99.3%
Alabama 1.1%
$	565,000	Fort Payne City G.O. (Sch. Warrants), Ser. 2018-B, (AGM Insured), 5.00%, due 5/1/2027	$	706,650	^(a)
Arkansas 0.6%
	315,000	Russellville City Wtr. & Swr. Rev., Ser. 2018, (AGM Insured), 4.00%, due 7/1/2028		357,729
California 2.4%
	250,000	California HFA Rev. (833 Bryant Apt.), Ser. 2020-N, 5.00%, due 4/1/2027		309,055
	1,000,000	Glendale City Wtr. Rev. Ref., Ser. 2020, 2.00%, due 2/1/2033		1,030,553
	200,000	San Diego Assoc. of Gov't Cap. Grant Receipts Rev. (Green Bond Mid-Coast Corridor Transit Proj.), Ser. 2019-A, 5.00%, due 11/15/2024		224,000
				1,563,608
Colorado 0.3%
	200,000	Pueblo Urban Tax Increment Rev. Au. (Evraz Proj.), Ser. 2021-A, 4.75%, due 12/1/2045		223,387	^(b)
Connecticut 0.8%
	500,000	Waterbury Hsg. Au. Multi-Family Hsg. Rev. (Exchange Place Proj.), Ser. 2020, 0.40%, due 2/1/2023 Putable 8/1/2022		500,195
District of Columbia 1.3%
	725,000	Washington Metro. Area Transit Au. Gross Rev., Ser. 2017-B, 5.00%, due 7/1/2024		830,081
Florida 2.9%
	1,225,000	Miami-Dade Co. (Bldg. Better Comm. Prog.), Ser. 2015-D-REMK, 5.00%, due 7/1/2026		1,500,220
	275,000	Tampa Wtr. & Wastewater Sys. Rev., Ser. 2020-A, 5.00%, due 10/1/2033		369,919
				1,870,139
Georgia 1.9%
	1,000,000	Metropolitan Atlanta Rapid Transit Au. Sales Tax Rev. Ref., Ser. 2016-B, 5.00%, due 7/1/2035		1,208,263
Illinois 3.1%
	1,000,000	Cook Co. Comm. Cons. Sch. Dist. # 21 G.O. (Wheeling Sch. Bldg.), Ser. 2019-A, (AGM Insured), 4.00%, due 12/1/2035		1,165,875
	800,000	Southwestern Illinois Dev. Au. Local Gov't Prog. Rev. Ref. (Flood Prevention Dist. Council Proj.), Ser. 2020, 4.00%, due 4/15/2023		855,482
				2,021,357
Indiana 3.1%
		Anderson Sch. Bldg. Corp. (First Mtge.)
	850,000	Ser. 2018, 5.00%, due 1/15/2024		952,727
	895,000	Ser. 2018, 5.00%, due 1/15/2026		1,072,062
				2,024,789

See Notes to Financial Statements

116

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Kentucky 5.3%
		Breathitt Co. Sch. Dist. Fin. Corp. Rev.
$	210,000	Ser. 2021, 2.00%, due 4/1/2027	$	220,693
	835,000	Ser. 2021, 2.00%, due 4/1/2029		868,558
	600,000	Kentucky Rural Wtr. Fin. Corp. Pub. Proj. Rev. (Construction Notes), Ser. 2020-E1, 0.43%, due 12/1/2021		600,042
	500,000	Lewis Co. Sch. Dist. Fin. Corp. Rev., Ser. 2017-B, 2.00%, due 9/1/2022		508,023
	1,000,000	Logan-Todd Reg. Wtr. Commission Rev. Ref., Ser. 2016-A, (AGM Insured), 5.00%, due 7/1/2028		1,221,135
				3,418,451
Louisiana 4.4%
	1,095,000	Louisiana Pub. Facs. Au. Rev. Ref. (Hurricane Rec. Prog.), Ser. 2014, 5.00%, due 6/1/2024		1,243,780
		Natchitoches Parish Sch. Dist. G.O. # 9
	505,000	Ser. 2018, (AGM Insured), 5.00%, due 3/1/2027		621,373	^(a)
	755,000	Ser. 2018, (AGM Insured), 5.00%, due 3/1/2028		948,460	^(a)
				2,813,613
Massachusetts 0.8%
	500,000	Massachusetts HFA Rev., Ser. 2020-C-2, (HUD Section 8 Insured), 0.50%, due 6/1/2023		500,894
Michigan 10.5%
	500,000	City of Detroit MI G.O., Ser. 2021-A, 4.00%, due 4/1/2040		559,639
	1,000,000	Dearborn G.O. (Swr.), Ser. 2018, 4.00%, due 4/1/2033		1,161,294
	500,000	Livonia Pub. Sch. Dist. G.O., Ser. 2016, (AGM Insured), 5.00%, due 5/1/2028		603,527
	750,000	Michigan St. Hsg. Dev. Au. Rev. (Non Ace), Ser. 2016-B, 2.50%, due 12/1/2026		804,933
	290,000	Michigan St. Hsg. Dev. Au. Rev. Ref., Ser. 2018-B, 3.15%, due 4/1/2028		323,188
	1,000,000	Michigan St. Hsg. Dev. Au. Single Family Mtge. Rev. (Non Ace), Ser. 2018-C, 2.90%, due 12/1/2024		1,072,759
		Trenton Pub. Sch. Dist. G.O. (Sch. Bldg. & Site)
	1,025,000	Ser. 2018, 5.00%, due 5/1/2039		1,276,012
	785,000	Ser. 2018, 5.00%, due 5/1/2036		985,213
				6,786,565
Minnesota 0.4%
	210,000	St. Paul Hsg. & Redev. Au. Charter Sch. Lease Rev. (Metro Deaf Sch. Proj.), Ser. 2018-A, 5.00%, due 6/15/2038		225,125	^(b)
Mississippi 2.7%
		West Rankin Utils. Au. Rev.
	440,000	Ser. 2018, (AGM Insured), 5.00%, due 1/1/2043		539,807
	1,000,000	Ser. 2018, (AGM Insured), 5.00%, due 1/1/2048		1,219,244
				1,759,051
Missouri 4.2%
	1,000,000	Bi- St. Dev. Agcy. of the Missouri-Illinois Metro. Dist. Rev. Ref. (Combined Lien Mass Transit Sales Tax Appropriation), Ser. 2019, 4.00%, due 10/1/2036		1,185,013

See Notes to Financial Statements

117

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR
$	660,000	Ser. 2018-A, 5.00%, due 7/1/2029	$	856,194
	510,000	Ser. 2018-A, 5.00%, due 1/1/2030		658,766
				2,699,973
New Jersey 1.1%
	650,000	New Jersey St. Hsg. & Mtge. Fin. Agcy. Multi-Family Rev. Ref., Ser. 2017-A, 2.60%, due 11/1/2024		695,323
New York 13.1%
	100,000	Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Charter Sch. for Applied Technologies Proj.), Ser. 2017-A, 4.00%, due 6/1/2022		100,949
	200,000	Build NYC Res. Corp. Rev. (New Dawn Charter Sch. Proj.), Ser. 2019, 5.75%, due 2/1/2049		217,216	^(b)
	450,000	Monroe Co. Ind. Dev. Corp. Rev. Ref. (Highland Hosp. Rochester Proj.), Ser. 2015, 5.00%, due 7/1/2022		474,436
	150,000	Nassau Co. Local Econ. Assist. Corp. Rev. (Catholic Hlth. Svcs. of Long Island Obligated Group Proj.), Ser. 2014, 5.00%, due 7/1/2027		170,168
	1,000,000	New York City Hlth. & Hosp. Corp. Hlth. Sys. Rev., Ser. 2021-A, 5.00%, due 2/15/2029		1,288,781
	1,060,000	New York City Hsg. Dev. Corp. Multi-Family Hsg. Rev. (Sustainable Dev. Bonds), Ser. 2020-A-3, 1.13%, due 5/1/2060 Putable 11/1/2024		1,067,389
	500,000	New York City Hsg. Dev. Corp. Rev., Ser.2020-C, (HUD SECT 8, Fannie Mae Insured), 2.15%, due 8/1/2035		501,536
	495,000	New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev. (Second Gen. Resolution Rev. Bonds), Ser. 2013-AA-1, (LOC: JP Morgan Chase Bank N.A.), 0.02%, due 6/15/2050		495,000	^(c)
		New York St. HFA Rev. (Affordable Hsg.)
	425,000	Ser. 2018-I, 2.65%, due 5/1/2023		445,370
	1,000,000	Ser. 2019-O, (SONYMA, FNMA/FHLMC Insured), 1.45%, due 5/1/2023		1,000,577
	1,855,000	New York St. HFA Rev. Ref. (Affordable Hsg.), Ser. 2020-H, 2.45%, due 11/1/2044		1,847,238
	500,000	New York St. Hsg. Fin. Agcy. Rev. (Climate Bond Certified/ Sustainability Bonds), Ser. 2019-P, 1.55%, due 11/1/2023		500,480
	350,000	Rockland Co. G.O. (Pub. Imp.), Ser. 2014-C, (AGM Insured), 4.00%, due 5/1/2021		350,000
				8,459,140
North Carolina 2.0%
	995,000	North Carolina HFA Homeownership Ref. Rev., Ser. 2020-45, (GNMA/FNMA/FHLMC Insured), 2.20%, due 7/1/2040		1,014,493
	250,000	Scotland Co. Rev., Ser. 2018, 5.00%, due 12/1/2026		303,856
				1,318,349
North Dakota 0.8%
	300,000	City of Larimore ND G.O., Ser. 2021, 0.85%, due 5/1/2024		300,271
	250,000	Grand Forks Co. Solid Waste Disp. Ref. Rev. (Green Bond-Red River Biorefinery, LLC Proj.), Ser. 2020, 6.38%, due 12/15/2043		228,411
				528,682
Ohio 3.6%
	1,000,000	American Muni. Pwr. Ohio, Inc. Rev. (Comb. Hydroelectric Proj.), Ser. 2021-A-2, 1.00%, due 2/15/2048 Putable 8/15/2024		1,015,018
		American Muni. Pwr. Ohio, Inc. Rev. Solar Elec. Pre-Payment (Green Bond)
	300,000	Ser. 2019-A, 5.00%, due 2/15/2022		311,249

See Notes to Financial Statements

118

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	175,000	Ser. 2019-A, 5.00%, due 2/15/2023	$	189,856
	400,000	Cuyahoga Metro. Hsg. Au. Rev., Ser. 2021, 2.00%, due 12/1/2031		399,069	^(d)
	250,000	Ohio St. Air Quality Dev. Au. Exempt Facs. Rev. (AMG Vanadium LLC Proj.), Ser. 2019-D, 5.00%, due 7/1/2049		276,403	^(b)
	125,000	So. Ohio Port. Exempt Fac. Au. Rev. (PureCycle Proj.), Ser. 2020-A, 7.00%, due 12/1/2042		141,415	^(b)
				2,333,010
Oklahoma 3.7%
	935,000	Delaware Co. Ed. Facs. Au. Ed. Facs. Lease Rev. (Grove Pub. Sch. Proj.), Ser. 2015, 5.00%, due 9/1/2022		990,618
	650,000	Lincoln Co. Ed. Facs. Au. Ed. Facs. Lease Rev. (Stroud Pub. Sch. Proj.), Ser. 2016, 5.00%, due 9/1/2027		790,145
	535,000	Tulsa Co. Ind. Au. Ed. Facs. Lease Rev. (Glenpool Pub. Sch. Proj.), Ser. 2017-A, 5.00%, due 9/1/2023		591,582
				2,372,345
Pennsylvania 5.5%
		Allegheny Co. Sanitary Au. Rev.
	290,000	Ser. 2018, 5.00%, due 6/1/2030		370,089
	565,000	Ser. 2018, 5.00%, due 6/1/2032		716,833
	9,155	Pennsylvania St. Econ. Dev. Fin. Au. Solid Waste Disp. Rev. (CarbonLite P LLC Proj.), Ser. 2019, 5.75%, due 6/1/2036		2,935	^(e)(f)(g)
		Pennsylvania St. Hsg. Fin. Agcy. Single Family Mtge. Rev.
	1,000,000	Ser. 2018-127B, 2.85%, due 4/1/2026		1,089,230
	750,000	Ser. 2019-131A, 1.75%, due 4/1/2025		778,210
	500,000	Philadelphia Wtr. & Wastewater Rev. Ref., Ser. 2016, 5.00%, due 10/1/2023		557,497
				3,514,794
South Carolina 3.8%
	1,175,000	Dillon Co. Sch. Fac. Corp. Cert. of Participation Ref., Ser. 2020, 5.00%, due 12/1/2026		1,428,124
	800,000	Newberry Investing in Children's Ed. Installment Purchase Rev. Ref. (Newberry Co. Sch. Dist.), Ser. 2014, 5.00%, due 12/1/2023		894,745
	175,000	South Carolina Jobs Econ. Dev. Au. Solid Waste Disp. Rev. (Green Bond-Jasper Pellets LLC, Proj.), Ser. 2018-A, 7.00%, due 11/1/2038		154,320	^(b)
				2,477,189
Tennessee 1.7%
	1,070,000	Tennessee Hsg. Dev. Agcy. Resedential Fin. Prog. Rev., Ser. 2021-1, 1.80%, due 1/1/2031		1,089,655
Texas 9.0%
	410,000	El Paso Wtr. & Swr. Rev. Ref., Ser. 2014, 5.00%, due 3/1/2024		463,860
	850,000	Laredo Independent Sch. Dist. G.O. (Sch. Bldg.), Ser. 2013, 5.00%, due 8/1/2024		938,439
	1,000,000	San Antonio Wtr. Sys. Jr. Lien Rev. Ref., Ser. 2019-C, 5.00%, due 5/15/2034		1,311,870
	1,015,000	Weslaco G.O. Ref., Ser. 2017, (AGM Insured), 5.00%, due 8/15/2027		1,266,830
	500,000	West Travis Co. Pub. Utils. Agcy. Rev. Ref., Ser. 2017, (BAM Insured), 5.00%, due 8/15/2026		608,107
	1,000,000	Ysleta Independent Sch. Dist. G.O. (Sch. Bldg.), Ser. 2017, (PSF-GTD Insured), 5.00%, due 8/15/2041		1,208,155
				5,797,261

See Notes to Financial Statements

119

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Utah 1.5%
$	915,000	Grand Co. Sch. Dist. Local Bldg. Au. Rev., Ser. 2019, (AGM Insured), 5.00%, due 12/15/2022	$	985,730
Virginia 2.5%
	1,510,000	Virginia St. Hsg. Dev. Au., Ser. 2019 E, 2.90%, due 12/1/2038		1,602,122
West Virginia 4.6%
	500,000	West Virginia Hosp. Fin. Au. Rev. (Impt. West Virginia Univ. Hlth. Sys. Obligated Group), Ser. 2018-A, 5.00%, due 6/1/2052		594,072
	700,000	West Virginia Hosp. Fin. Au. Rev. (West Virginia Univ. Hlth. Sys.), Ser. 2017-A, 5.00%, due 6/1/2035		835,476
	275,000	West Virginia Hsg. Dev. Fund Rev. (Hsg. Fin.), Ser. 2018-A, (HUD Section 8 Insured), 2.65%, due 11/1/2024		292,975
	990,000	West Virginia Wtr. Dev. Au. Rev. Ref. (Loan Prog.), Ser. 2018-A-IV, 5.00%, due 11/1/2036		1,232,011
				2,954,534
Wisconsin 0.6%
	395,000	Oregon Sch. Dist. G.O. (Green Bond-Sch. Bldg. & Impt.), Ser. 2019, 5.00%, due 3/1/2022		410,755
		Total Municipal Notes 99.3% (Cost $60,684,395)		64,048,759
Loan Assignments 0.2%
Environmental 0.2%
	45,091	CarbonLite P LLC, Term Loan DIP, 12.00%, due 9/5/2021		45,091	^(e)(f)(g)
	91,088	CarbonLite P LLC, Roll Up Term Loan, 12.00%, due 9/6/2021		91,088	^(e)(f)(g)
		Total Loan Assignments 0.2% (Cost $45,119)		136,179
		Total Investments 99.5% (Cost $60,729,514)		64,184,938
		Other Assets Less Liabilities 0.5%		348,519
		Net Assets 100.0%	$	64,533,457

(a) All or a portion of this security is segregated in connection with obligations for when-issued securities with a total value of $2,276,483.

(b) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $1,237,866, which represents 1.9% of net assets of the Fund.

(c) Variable rate demand obligation where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined by the remarketing agent. The rate shown represents the rate in effect at April 30, 2021.

(d) When-issued security. Total value of all such securities at April 30, 2021 amounted to $399,069, which represents 0.6% of net assets of the Fund.

See Notes to Financial Statements

120

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

(e) Security fair valued as of April 30, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at April 30, 2021 amounted to $139,114, which represents 0.2% of net assets of the Fund.

(f) Value determined using significant unobservable inputs.

(g) These securities have been deemed by the investment manager to be illiquid, and are subject to restrictions on resale. At April 30, 2021, these securities amounted to $139,114, which represents 0.2% of net assets of the Fund.

Restricted Security	Acquisition Date(s)	Acquisition Cost		Acquisition Cost Percentage of Net Assets as of Acquisition Date			Value as of 4/30/2021		Fair Value Percentage of Net Assets as of 4/30/2021
CarbonLite P LLC	3/10/2021 & 4/13/2021	$	43,739		0.1	%	$	45,091		0.1	%
CarbonLite P LLC	3/10/2021 – 4/30/2021		1,088		0.0	%		91,088		0.1	%
Pennsylvania St. Econ. Dev. Fin. Au. Solid Waste Disp. Rev. (CarbonLite P LLC Proj.), Ser. 2019	6/13/2019		9,155		0.0%			2,935		0.0%
Total		$	53,982		0.1	%	$	139,114		0.2	%

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3^(b)		Total
Investments:
Municipal Notes
Pennsylvania	$	—	$	3,511,859	$	2,935	$	3,514,794
Other Municipal Notes^(a)		—		60,533,965		—		60,533,965
Total Municipal Notes		—		64,045,824		2,935		64,048,759
Loan Assignments^(a)		—		—		136,179		136,179
Total Investments	$	—	$	64,045,824	$	139,114	$	64,184,938

(a) The Schedule of Investments provides information on the state/territory or industry for the portfolio.

See Notes to Financial Statements

121

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

(b) The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

(000's omitted)	Beginning balance, as of 11/1/2020		Accrued discounts/ (premiums)		Realized gain/ (loss)			Change in unrealized appreciation/ (depreciation)			Purchases		Sales			Transfers into Level 3		Transfers out of Level 3		Balance, as of 4/30/2021		Net change in unrealized appreciation/ (depreciation) from investments still held as of 4/30/2021
Investments in Securities:
Municipal Notes^(c)	$	—	$	—	$	(82	)	$	(4	)	$	—	$	(8	)	$	97	$	—	$	3	$	(4	)
Loan Assignments^(c)		—		—		—			91			45		—			—		—		136		91
Total	$	—	$	—	$	(82	)	$	87		$	45	$	(8	)	$	97	$	—	$	139	$	87

Investment
type

Fair value
at 4/30/2021

Valuation
approach

Unobservable
input(s)

Input value/
range

Weighted
average^(d)

Impact to
valuation
from
increase
in input^(e)

Municipal Notes

2,935

Recovery Value

32.06

Increase

Loan Assignments

135,091

Market Approach

Recovery Value

100.00

Increase

(d) The weighted averages disclosed in the table above were weighted by relative fair value.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

122

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited)
April 30, 2021

PRINCIPAL AMOUNT			VALUE
Municipal Notes 100.6%
Alabama 1.6%
$	2,000,000	Black Belt Energy Gas Dist. Gas Supply Rev., Ser. 2017-A, (LOC: Royal Bank of Canada), 4.00%, due 8/1/2047 Putable 7/1/2022	$	2,078,675
	1,500,000	Lower Alabama Gas Dist. Rev. (Gas Proj. 2), Ser. 2020, 4.00%, due 12/1/2050 Putable 12/1/2025		1,716,382
	100,000	Taylor-Ryan Imp. Dist. Rev. Ref., Ser. 2005, (LOC: Synovus Bank), 0.21%, due 11/1/2035		100,000	^(a)
				3,895,057
Arizona 1.5%
	500,000	Maricopa Co. Ind. Dev. Au. Rev. (Banner Hlth. Obligated Group), Ser. 2017-C, 5.00%, due 1/1/2048 Putable 10/18/2024		577,441
	950,000	Maricopa Co. Ind. Dev. Au. Sr. Living Fac. Rev. Ref. (Christian Care Retirement Apts., Inc. Proj.), Ser. 2016-A, 5.00%, due 1/1/2024		1,060,575
	2,000,000	Maricopa Co. Poll. Ctrl. Corp. PCR. Ref. (Palo Verde Proj.), Ser. 2003-A, 1.05%, due 1/1/2038 Putable 6/1/2022		2,014,044
				3,652,060
Arkansas 0.2%
	460,000	Arkansas Dev. Fin. Au. Hlth. Care Rev. (Baptist Hlth.), Ser. 2019, 4.00%, due 12/1/2044		514,221
California 8.2%
		California HFA Muni. Cert.
	1,665,457	Ser. 2019-2, Class A, 4.00%, due 3/20/2033		1,951,656
	499,412	Ser. 2021-1, Class A, 3.50%, due 11/20/2035		580,679
	1,865,000	California St. G.O., Ser. 2020, 4.00%, due 11/1/2034		2,303,322
	1,000,000	California St. G.O. Ref., Ser. 2019, 5.00%, due 4/1/2032		1,386,112
	100,000	California Statewide Communities Dev. Au. Rev. (Henry Mayo Newhall Mem. Hosp.), Ser. 2014-A, (AGM Insured), 5.00%, due 10/1/2028 Pre-Refunded 10/4/2024		115,335
	1,665,000	Contra Costa Co. Redev. Agcy. Successor Agcy. Tax Allocation Ref., Ser. 2017-A, (BAM Insured), 5.00%, due 8/1/2032		2,054,817
	4,000,000	Deutsche Bank Spears/Lifers Trust Rev., Ser. 2021, (LOC: Deutsche Bank AG), 0.58%, due 10/1/2058		4,000,000	^(a)(b)
		Fresno Joint Pwr. Fin. Au. Lease Rev. Ref. (Master Lease Proj.)
	1,110,000	Ser. 2017-A, (AGM Insured), 5.00%, due 4/1/2027		1,357,169
	400,000	Ser. 2017-A, (AGM Insured), 5.00%, due 4/1/2032		484,898
	2,170,000	Los Angeles Co. Metro. Trans. Au. Rev. (Green Bond), Ser. 2020-A, 5.00%, due 6/1/2031		2,918,915
	645,000	San Marcos Unified Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2012-B, 0.00%, due 8/1/2027		601,966
	430,000	Santa Monica-Malibu Unified Sch. Dist. G.O., Ser. 2019-E, 3.00%, due 8/1/2034		467,681
	1,362,000	Tender Option Bond Trust Receipts/Certificates, Ser. 2020, (LOC: Mizuho Cap. Markets LLC), 0.26%, due 7/1/2032		1,362,000	^(a)(b)
				19,584,550
Colorado 1.6%
	1,250,000	Colorado Springs Utils. Rev. Ref. (Unrefunded), Ser. 2011-A, 5.00%, due 11/15/2026		1,282,009
	945,000	Colorado St. Ed. & Cultural Facs. Au. Rev. Ref. (Alexander Dawson Sch. Proj.), Ser. 2016, 5.00%, due 5/15/2025		1,108,856
	750,000	Colorado St. Hlth. Facs. Au. Hosp. Rev. Ref. (Commonspirit Hlth.), Ser. 2019-A-2, 4.00%, due 8/1/2049		845,864

See Notes to Financial Statements

123

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	440,000	Denver Hlth. & Hosp. Au. Healthcare Rev. Ref., Ser. 2019-A, 4.00%, due 12/1/2037	$	511,591
				3,748,320
Connecticut 2.2%
	1,710,000	Connecticut HFA Hsg. Fin. Mtge. Prog. Rev. Ref., Subser. 2017-A-4, 3.65%, due 11/15/2032		1,860,593
	2,050,000	Connecticut St. G.O., Ser. 2020-C, 4.00%, due 6/1/2037		2,457,538
	400,000	Connecticut St. G.O. Ref., Ser. 2019-B, 5.00%, due 2/15/2029		522,103
	430,000	Meriden City G.O., Ser. 2020-B, 3.00%, due 7/1/2031		471,404
				5,311,638
Delaware 0.6%
		Delaware St. Hlth. Facs. Au. Rev. (Beebe Med. Ctr.)
	610,000	Ser. 2018, 5.00%, due 6/1/2027		738,320
	500,000	Ser. 2018, 5.00%, due 6/1/2028		616,861
				1,355,181
District of Columbia 0.9%
		Dist. of Columbia Rev. (Assoc. of American Med. College)
	460,000	Ser. 2011-A, 5.00%, due 10/1/2021		469,219
	350,000	Ser. 2011-A, 5.00%, due 10/1/2022		374,078
		Washington Convention & Sports Au. Rev.
	765,000	Ser. 2021-A, 5.00%, due 10/1/2027		959,036	^(c)
	310,000	Ser. 2021-A, 5.00%, due 10/1/2028		396,659	^(c)
				2,198,992
Florida 4.7%
	700,000	Cape Coral Spec. Obligation Ref. Rev., Ser. 2015, 4.00%, due 10/1/2030		800,539
	1,000,000	CityPlace Comm. Dev. Dist. Spec. Assessment Ref. Rev., Ser. 2012, 5.00%, due 5/1/2026		1,139,655
	825,000	Escambia Co. Florida Env. Imp. Rev. Ref. (Int'l Paper Co. Proj.), Ser. 2019-B, 2.00%, due 11/1/2033 Putable 10/1/2024		862,766
		Escambia Co. Hlth. Facs. Au. Ref. Rev. (Baptist Hlth. Care Corp. Obligated Group)
	1,400,000	Ser. 2020-A, 5.00%, due 8/15/2031		1,797,649
	1,000,000	Ser. 2020-A, 4.00%, due 8/15/2045		1,140,927
	725,000	Hillsborough Co. Ind. Dev. Au. Hosp. Rev. (Florida Hlth. Sciences Ctr.), Ser. 2020-A, 3.50%, due 8/1/2055		776,716
	340,000	JEA Elec. Sys. Rev., Ser. 2013-A, 5.00%, due 10/1/2029 Pre-Refunded 10/1/2022		363,140
	2,000,000	Miami-Dade Co. G.O. Ref., Ser. 2015-B, 4.00%, due 7/1/2032		2,214,868
	1,550,000	Miami-Dade Co. Hsg. Fin. Au. Rev. (Platform II LLC), Ser. 2021, 0.25%, due 8/1/2024 Putable 8/1/2023		1,552,241
	495,000	Village Comm. Dev. Dist. Number 13 Spec. Assessment Rev., Ser. 2019, 3.00%, due 5/1/2029		526,825
				11,175,326

See Notes to Financial Statements

124

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Georgia 3.3%
$	1,645,000	Bulloch Co. Dev. Au. Std. Hsg. Rev. Ref. (Georgia So. Univ. Hsg. Foundation One LLC), Ser. 2012, (AGM Insured), 5.00%, due 8/1/2022	$	1,737,561
		Muni. Elec. Au. of Georgia (Plant Vogtle Units 3&4 Proj. M Bonds)
	500,000	Ser. 2019-A, 5.00%, due 1/1/2032		618,786
	200,000	Ser. 2019-A, 5.00%, due 1/1/2033		246,759
		Private Colleges & Univ. Au. Rev. (Savannah College of Art & Design, Inc.)
	290,000	Ser. 2014, 5.00%, due 4/1/2022		302,517
	540,000	Ser. 2014, 5.00%, due 4/1/2025		610,221
	850,000	Savannah Econ. Dev. Au. Rev. Ref. (Int'l Paper Co. Proj.), Ser. 2019-A, 2.00%, due 11/1/2033 Putable 10/1/2024		888,910
	3,500,000	Tender Option Bond Trust Receipts/Certificates, Ser. 2020, (LOC: JP Morgan Chase Bank N.A.), 0.28%, due 1/1/2026		3,500,000	^(a)(b)
				7,904,754
Illinois 11.7%
	470,000	Bureau Co. Township High Sch. Dist. No. 502 G.O., Ser. 2017-A, (BAM Insured), 5.00%, due 12/1/2033		586,251
	200,000	Chicago Ref. G.O., Ser. 2020-A, 5.00%, due 1/1/2026		233,130
	3,225,000	Coles Christian Clark Etc Cos. Comm. College Dist. #517 G.O., Ser. 2020, 5.00%, due 12/1/2022		3,462,982
	1,000,000	Cook Co. Sch. Dist. No. 83 G.O. (Ref. Sch.), Ser. 2011-D, 5.13%, due 12/1/2030 Pre-Refunded 12/1/2021		1,028,641
	1,000,000	Illinois Fin. Au. Rev. (Downers Grove Comm. High Sch. Dist. No. 99 Proj.), Ser. 2020-A, 4.00%, due 12/15/2032		1,220,625
	1,085,000	Illinois Fin. Au. Rev. (LOC Gov't Prog.-Brookfield Lagrange Park Sch. Dist. No. 95 Proj.), Ser. 2018, 4.00%, due 12/1/2038		1,238,377
		Illinois Fin. Au. Rev. (LOC Gov't Prog.-E Prairie Sch. Dist. No. 73 Proj.)
	1,065,000	Ser. 2018, (BAM Insured), 5.00%, due 12/1/2029		1,360,400
	20,000	Ser. 2018, (BAM Insured), 4.00%, due 12/1/2042		22,459
	1,750,000	Illinois St., Ser. 2021-A, 5.00%, due 3/1/2046		2,149,729
		Illinois St. Fin. Au. Rev. (Downers Grove Comm. High Sch. Dist. No. 99 Proj.)
	1,000,000	Ser. 2019, 4.00%, due 12/15/2030		1,217,706
	1,000,000	Ser. 2019, 4.00%, due 12/15/2031		1,208,280
		Illinois St. G.O.
	2,945,000	Ser. 2017-D, 5.00%, due 11/1/2027		3,570,168
	2,000,000	Ser. 2017-D, 5.00%, due 11/1/2028		2,402,668
	1,800,000	Ser. 2020, 5.75%, due 5/1/2045		2,308,969
		Peoria Co. Sch. Dist. # 150 G.O. Ref.
	395,000	Ser. 2020-A, (AGM Insured), 4.00%, due 12/1/2026		459,668
	1,005,000	Ser. 2020-A, (AGM Insured), 4.00%, due 12/1/2027		1,183,513
	955,000	Ser. 2020-A, (AGM Insured), 4.00%, due 12/1/2028		1,118,002
	500,000	Sales Tax Securitization Corp. Rev. Ref., Ser. 2017-A, 5.00%, due 1/1/2028		622,962
	530,000	Sales Tax Securitization Corp. Rev. Ref. Second Lien, Ser. 2020-A, 5.00%, due 1/1/2026		628,763
		Springfield G.O.
	950,000	Ser. 2014, 4.25%, due 12/1/2027		1,070,600
	665,000	Ser. 2014, 5.00%, due 12/1/2028		767,309
				27,861,202

See Notes to Financial Statements

125

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Indiana 1.2%
$	375,000	Indiana Fin. Au. Midwestern Disaster Relief Rev. (Ohio Valley Elec. Corp. Proj.), Ser. 2012-B, 3.00%, due 11/1/2030	$	392,946
		Indiana St. Hsg. & CDA Single Family Mtge. Rev.
	1,000,000	Ser. 2019-B, (GNMA/FNMA/FHLMC Insured), 2.40%, due 7/1/2034		1,042,412
	295,000	Ser. 2020-B-1, 1.60%, due 1/1/2031		296,494
	550,000	Ser. 2020-B-1, 1.75%, due 7/1/2032		553,209
	500,000	Indiana St. Muni. Pwr. Agcy. Ref. Rev., Ser. 2016-C, 5.00%, due 1/1/2027		611,122
				2,896,183
Iowa 0.8%
	1,050,000	Iowa Higher Ed. Loan Au. Rev. (Private College Des Moines Univ. Proj.), Ser. 2020, 5.00%, due 10/1/2027		1,299,739
	640,000	Iowa St. Fin. Au. Single Family Mtge. Rev. (Non Ace-Mtge.-Backed Sec. Prog.), Ser. 2017-C, (GNMA/FNMA/FHLMC Insured), 2.30%, due 1/1/2026		682,430
				1,982,169
Kansas 1.2%
		Wichita City Sales Tax. Spec. Oblig. Rev. (River Dist. Stadium Star Bond Proj.)
	305,000	Ser. 2018, 5.00%, due 9/1/2025		360,510
	1,000,000	Ser. 2018, 5.00%, due 9/1/2027		1,247,345
	1,245,000	Wyandotte Co. – Kansas City Unified Gov't Utils. Sys. Rev. (Impt.), Ser. 2012-B, 5.00%, due 9/1/2032 Pre-Refunded 9/1/2022		1,324,723
				2,932,578
Kentucky 0.7%
	1,470,000	Laurel Co. Judicial Ctr. Pub. Properties Corp. Ref. Rev. (Justice Center Proj.), Ser. 2015, 4.00%, due 3/1/2024		1,597,479
Louisiana 0.4%
	145,000	Monroe Sales & Use Tax Ref. Rev., Ser. 2012, 4.00%, due 7/1/2023		145,850
	750,000	St. John the Baptist Parish LA Rev. Ref. (Marathon Oil Corp. Proj.), Subser. 2017-B-2, 2.38%, due 6/1/2037 Putable 7/1/2026		784,354
				930,204
Maryland 0.9%
	250,000	Baltimore Spec. Oblig. Ref. Rev. Sr. Lien (Harbor Point Proj.), Ser. 2019-A, 3.63%, due 6/1/2046		257,684	^(b)
	1,825,000	Maryland St. Hsg. & Comm. Dev. Administration Dept. Rev., Ser. 2020-D, 1.95%, due 9/1/2035		1,833,374
				2,091,058
Massachusetts 1.9%
	1,200,000	Massachusetts Dev. Fin. Agcy. Rev. Ref., Ser. 2021-G, 5.00%, due 7/1/2050		1,514,081
	2,890,000	Massachusetts St. Sch. Bldg. Au. Sales Tax Rev., Ser. 2011-B, 5.00%, due 10/15/2035 Pre-Refunded 10/15/2021		2,953,432
				4,467,513

See Notes to Financial Statements

126

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Michigan 1.8%
$	1,000,000	Detroit Downtown Dev. Au. Tax Increment Rev. Ref. (Catalyst Dev. Proj.), Ser. 2018-A, (AGM Insured), 5.00%, due 7/1/2029	$	1,129,753
	500,000	Michigan St. Fin. Au. Rev. Ref., Ser. 2020-B-1, Class 2, 5.00%, due 6/1/2049		599,251
	730,000	Michigan St. Hsg. Dev. Au. Rev., Ser. 2016-B, 2.30%, due 6/1/2025		775,913
		Walled Lake Cons. Sch. Dist.
	650,000	Ser. 2020, 5.00%, due 5/1/2032		867,462
	675,000	Ser. 2020, 5.00%, due 5/1/2033		897,430
				4,269,809
Minnesota 0.6%
	350,000	Minnesota St. G.O., Ser. 2015-A, 5.00%, due 8/1/2029		416,195
	1,000,000	St. Paul Hsg. & Redev. Au. Hlth. Care Rev. Ref. (Fairview Hlth. Svcs. Obligated Group), Ser. 2017-A, 4.00%, due 11/15/2043		1,110,001
				1,526,196
Mississippi 2.9%
	1,250,000	Mississippi Dev. Bank Spec. Oblig. (Madison Co. Hwy. Proj.), Ser. 2013-C, 5.00%, due 1/1/2027		1,545,639
	2,800,000	Mississippi St. Bus. Fin. Commission Gulf Opportunity Zone Rev. (Chevron U.S.A., Inc. Proj.), Ser. 2010-L, 0.03%, due 11/1/2035		2,800,000	^(a)
	325,000	Mississippi St. G.O. Ref., Ser. 2015-C, 5.00%, due 10/1/2026		387,828
	2,100,000	Warren Co. Gulf Opportunity Zone Rev. Ref. (Int'l Paper Co. Proj.), Ser. 2018, 2.90%, due 9/1/2032 Putable 9/1/2023		2,211,842
				6,945,309
Missouri 1.4%
	2,000,000	Missouri St. Hlth. & Ed. Facs. Au. Hlth. Fac. Rev. Ref. (SSM Hlth. Care Oblig.), Ser. 2018-C, 5.00%, due 6/1/2036 Putable 6/1/2023		2,144,593
		Missouri St. Hsg. Dev. Commission Single Family Mtge. Rev. (Non-AMT Spec. Homeownership Loan Prog.)
	510,000	Ser. 2014-A, (GNMA/FNMA/FHLMC Insured), 3.80%, due 11/1/2034		538,698
	590,000	Ser. 2014-A, (GNMA/FNMA/FHLMC Insured), 4.00%, due 11/1/2039		623,987
				3,307,278
Montana 0.7%
		Mizuho Floater/Residual Trust
	500,000	Ser. 2021, (LOC: Mizuho Cap. Markets LLC), 0.31%, due 6/1/2034		500,000	^(a)(b)
	1,105,000	Ser. 2021, (LOC: Mizuho Cap. Markets LLC), 0.31%, due 6/1/2034		1,105,000	^(a)(b)
				1,605,000
Nevada 0.3%
	500,000	Clark Co. Sch. Dist. G.O., Ser. 2020-A, (AGM Insured), 5.00%, due 6/15/2028		640,548
New Jersey 5.2%
	1,130,000	New Jersey Hlth. Care Fac. Fin. Au. Rev. (Inspira Hlth. Obligated Group), Ser. 2017-A, 5.00%, due 7/1/2029		1,400,806

See Notes to Financial Statements

127

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	1,500,000	New Jersey Hlth. Care Facs. Fin. Au. Contract Rev. Ref. (Hosp. Asset Trans. Prog.), Ser. 2017, 5.00%, due 10/1/2028	$	1,872,154
	3,430,000	New Jersey St. G.O., Ser. 2020-A, 4.00%, due 6/1/2032		4,306,363
	600,000	New Jersey St. Trans. Trust Fund Au., Ser. 2019-BB, 5.00%, due 6/15/2029		760,002
	1,000,000	New Jersey St. Trans. Trust Fund Au. Trans. Sys. Rev. Ref, Ser. 2018-A, 5.00%, due 12/15/2032		1,248,832
	200,000	New Jersey St. Trans. Trust Fund Au. Trans. Sys. Rev. Ref., Ser. 2019-A, 5.00%, due 12/15/2028		254,024
	350,000	New Jersey St. Turnpike. Au. Rev., Ser. 2021-A, 4.00%, due 1/1/2051		409,608
		Newark G.O.
	750,000	Ser. 2020-A, (AGM Insured), 5.00%, due 10/1/2027		925,254
	735,000	Ser. 2020-A, (AGM Insured), 5.00%, due 10/1/2028		921,931
	295,000	Union Co. Imp. Au. Rev. (Correctional Fac. Proj.), Ser. 2013, 4.00%, due 6/15/2023		318,395
				12,417,369
New York 13.4%
	390,000	Albany Cap. Res. Corp. Ref. Rev. (Albany College of Pharmacy & Hlth. Sciences), Ser. 2014-A, 5.00%, due 12/1/2026		445,305
	1,075,000	Erie Co., Ser. 2020, 3.00%, due 6/24/2021		1,079,491
	1,140,000	Hempstead Town Local Dev. Corp. Rev. Ref. (Molloy College Proj.), Ser. 2017, 5.00%, due 7/1/2029		1,373,097
		Long Beach, G.O.
	335,000	Ser. 2014-A, (BAM Insured), 4.00%, due 11/15/2021		341,674
	520,000	Ser. 2014-A, (BAM Insured), 4.00%, due 11/15/2023		563,914
		Long Island Pwr. Au. Elec. Sys. Gen. Rev.
	800,000	Ser. 2020-A, 5.00%, due 9/1/2033		1,064,116
	450,000	Ser. 2020-A, 5.00%, due 9/1/2034		595,824
		Metro. Trans. Au. Rev.
	895,000	Ser. 2012-E, 4.00%, due 11/15/2038		923,559
	3,000,000	Ser. 2020-A-1, 5.00%, due 2/1/2023		3,240,574
		Metro. Trans. Au. Rev. (Green Bond)
	1,000,000	Ser. 2020-E, 5.00%, due 11/15/2032		1,301,748
	500,000	Ser. 2020-E, 4.00%, due 11/15/2045		570,419
	1,000,000	Monroe Co. G.O. (Pub. Imp.), Ser. 2019-A, (BAM Insured), 4.00%, due 6/1/2028		1,155,868
	500,000	New Paltz Central Sch. Dist. G.O., Ser. 2019, 4.00%, due 2/15/2029		586,046
	200,000	New York City G.O., Ser. 2010-G-4, (SPA: Barclays Bank PLC), 0.06%, due 3/1/2039		200,000	^(a)
	900,000	New York City Hlth. & Hosp. Corp. Hlth. Sys. Rev., Ser. 2021-A, 5.00%, due 2/15/2028		1,138,244
	2,475,000	New York City Hsg. Dev. Corp. Rev., Ser.2020-C, 2.15%, due 8/1/2035		2,482,605
	1,000,000	New York City IDA Rev. (Yankee Stadium LLC), Ser. 2020, 4.00%, due 3/1/2045		1,137,023
	1,850,000	New York City Transitional Fin. Au. Rev. (Future Tax Secured), Subser. 2016-A-1, 4.00%, due 5/1/2031		2,126,757
		New York City Trust for Cultural Res. Rev. Ref. (Carnegie Hall)
	310,000	Ser. 2019, 5.00%, due 12/1/2037		385,382
	600,000	Ser. 2019, 5.00%, due 12/1/2038		744,012
	300,000	Ser. 2019, 5.00%, due 12/1/2039		371,223
		New York G.O.
	65,000	Ser. 2018 E-1, 5.00%, due 3/1/2031		81,308
	1,000,000	Subser. 2018-F-1, 5.00%, due 4/1/2034		1,241,733
	800,000	New York St. Dorm. Au. Personal Income Tax Rev., Ser. 2014-C, 5.00%, due 3/15/2025		907,682
	750,000	New York St. Dorm. Au. Rev. Non St. Supported Debt (Fordham Univ.), Ser. 2020, 4.00%, due 7/1/2046		860,175
	200,000	New York St. HFA Rev. (North End Avenue Hsg.), Ser. 2004-A, (Fannie Mae Insured), 0.06%, due 11/15/2036		200,000	^(a)
	1,605,000	New York St. Urban Dev. Corp. Rev., Ser. 2020-E, 5.00%, due 3/15/2029		2,082,374	^(d)

See Notes to Financial Statements

128

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	500,000	Oneida Co. Local Dev. Corp. Rev. Ref. (Mohawk Valley Hlth. Sys. Proj.), Ser. 2019-A, (AGM Insured), 4.00%, due 12/1/2049	$	561,087
	1,000,000	Suffolk Co. G.O., Ser. 2021-II, 2.00%, due 8/19/2021		1,005,027
	2,500,000	Triborough Bridge & Tunnel Au. Rev., Ser. 2021-A-2, 2.00%, due 5/15/2045 Putable 5/15/2024		2,630,848	^(c)
	450,000	Yonkers Econ. Dev. Corp. Ed. Rev. (Charter Sch. of Ed. Excellence Proj.), Ser. 2019-A, 5.00%, due 10/15/2049		508,466
				31,905,581
North Carolina 1.3%
	100,000	North Carolina Med. Care Commission Retirement Facs. First Mtge. Rev. (Sharon Towers), Ser. 2019-A, 5.00%, due 7/1/2049		110,583
	750,000	North Carolina St. Med. Care Commission Retirement Facs. Rev., Ser. 2020-A, 4.00%, due 9/1/2035		831,158
	2,000,000	North Carolina St. Turnpike Au., Ser. 2020, 5.00%, due 2/1/2024		2,252,482
				3,194,223
Ohio 3.6%
	1,000,000	Akron Bath Copley Jt. Twp. Hosp. Dist. (Summa Hlth. Sys. Oblig.), Ser. 2020, 4.00%, due 11/15/2036		1,153,887
	4,000,000	Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Ref. Rev., Ser. 2020-B-2, Class 2, 5.00%, due 6/1/2055		4,493,388
	1,515,000	Dayton Metro Library G.O. (Library Impt.), Ser. 2013-A, 5.00%, due 12/1/2028 Pre-Refunded 12/1/2021		1,557,750
	1,000,000	Ohio St. Air Quality Dev. Au. Rev. (American Elec. Pwr. Co. Proj.), Ser. 2014-A, 2.40%, due 12/1/2038 Putable 10/1/2029		1,059,345
	250,000	Port Au. of Greater Cincinnati Dev. Rev. (Convention Ctr. Hotel Acquisition and Demolition Proj.), Ser. 2020-A, 3.00%, due 5/1/2023		250,324
				8,514,694
Oklahoma 1.8%
	2,000,000	Carter Co. Pub. Fac. Au. Ed. Fac. Lease Rev., Ser. 2018, 5.00%, due 9/1/2029		2,465,134
	1,500,000	Weatherford Ind. Trust Ed. Fac. Lease Rev. (Weatherford Pub. Sch. Proj.), Ser. 2019, 5.00%, due 3/1/2033		1,892,998
				4,358,132
Oregon 0.6%
	1,485,000	Multnomah Co. Sch. Dist. # 3 Park Rose G.O., Ser. 2011-A, 5.00%, due 6/30/2031 Pre-Refunded 6/30/2021		1,496,337
Pennsylvania 7.2%
	2,675,000	Allegheny Co. Hosp. Dev. Au. Rev. Ref. (Univ. Pittsburgh Med. Ctr.), Ser. 2019-A, 5.00%, due 7/15/2029		3,496,701	^(d)
		Lackawanna Co. Ind. Dev. Au. Rev. Ref. (Univ. of Scranton)
	940,000	Ser. 2017, 5.00%, due 11/1/2028		1,169,913
	500,000	Ser. 2017, 5.00%, due 11/1/2029		617,986
	500,000	Ser. 2017, 5.00%, due 11/1/2030		614,729

See Notes to Financial Statements

129

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		Luzerne Co. G.O. Ref
$	500,000	Ser. 2017-A, (AGM Insured), 5.00%, due 12/15/2025	$	591,179
	150,000	Ser. 2017-A, (AGM Insured), 5.00%, due 12/15/2027		186,171
	300,000	Ser. 2017-B, (AGM Insured), 5.00%, due 12/15/2025		354,708
	70,000	Ser. 2017-B, (AGM Insured), 5.00%, due 12/15/2026		84,947
		Luzerne Co. Ind. Dev. Au. Lease Rev. Ref. Gtd.
	450,000	Ser. 2017, (AGM Insured), 5.00%, due 12/15/2025		532,061
	525,000	Ser. 2017, (AGM Insured), 5.00%, due 12/15/2026		627,033
	250,000	Ser. 2017, (AGM Insured), 5.00%, due 12/15/2027		297,459
	1,000,000	Pennsylvania St. G.O., Ser. 2015, 5.00%, due 3/15/2029		1,167,556
	350,000	Pennsylvania St. Turnpike Commission Rev., Ser. 2021-A, 4.00%, due 12/1/2050		404,564
	2,065,000	Pennsylvania St. Turnpike Commission Rev. Ref., Ser. 2016, 5.00%, due 6/1/2027		2,463,261
		Pennsylvania St. Turnpike Commission Turnpike Rev.
	400,000	Subser. 2019-A, 5.00%, due 12/1/2033		515,553
	800,000	Subser. 2019-A, 4.00%, due 12/1/2049		918,434
	1,690,000	Philadelphia City Wtr. & Wastewater Rev. Ref., Ser. 2020-A, 5.00%, due 11/1/2039		2,221,223
	750,000	Southeastern Trans. Au. Rev. Ref., Ser. 2017, 5.00%, due 3/1/2028		946,360
				17,209,838
Puerto Rico 0.7%
	1,391,000	Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Ser. 2018-A-1, 5.00%, due 7/1/2058		1,567,045
Rhode Island 1.1%
	500,000	Providence Redev. Agcy. Ref. Rev., Ser. 2015-A, 5.00%, due 4/1/2022		519,570
	625,000	Rhode Island St. Hlth. & Ed. Bldg. Corp. Rev. (Providence Pub. Sch. Prog.), Ser. 2013-A, 5.00%, due 5/15/2022		654,936
	1,410,000	Rhode Island St. Hsg. & Mtge. Fin. Corp. Ref. Rev. (Home Funding), Ser. 2012-5, (GNMA/FNMA/FHLMC Insured), 3.35%, due 10/1/2033		1,428,007
				2,602,513
South Carolina 1.0%
	2,000,000	South Carolina St. Pub. Svc. Au. Oblig. Rev. Ref., Ser. 2014-C, 5.00%, due 12/1/2028		2,301,724
Tennessee 2.1%
	700,000	Greeneville Hlth. & Ed. Facs. Board Hosp. Rev. Ref. (Ballad Hlth. Obligated Group), Ser. 2018-A, 5.00%, due 7/1/2032		754,313
	1,985,000	Tennessee Hsg. Dev. Agcy. Residential Fin. Prog. Rev., Ser. 2019-2, 3.00%, due 7/1/2039		2,113,229
	1,500,000	Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2018, 4.00%, due 11/1/2049 Putable 11/1/2025		1,708,221
	405,000	Tennessee St. G.O., Ser. 2019-A, 5.00%, due 9/1/2035		507,147
				5,082,910
Texas 7.0%
	590,000	Central Texas Reg. Mobility Au. Sr. Lien Ref. Rev., Ser. 2020-A, 5.00%, due 1/1/2027		724,395
	2,500,000	Collin Co. Comm. College Dist. G.O., Ser. 2020-A, 5.00%, due 8/15/2030		3,307,198
	2,700,000	Dallas Co. G.O. (Cert. Oblig.), Ser. 2016, 5.00%, due 8/15/2023		2,994,067
	250,000	La Joya Independent Sch. Dist. Ref. G.O., Ser. 2013, (PSF-GTD Insured), 5.00%, due 2/15/2033		313,079
	1,250,000	Laredo Independent Sch. Dist. G.O. (Sch. Bldg.), Ser. 2013, 5.00%, due 8/1/2027		1,376,797

See Notes to Financial Statements

130

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	125,000	New Hope Cultural Ed. Facs. Fin. Corp. Std. Hsg. Rev. (Collegiate Hsg. College Sta. I LLC), Ser. 2014-A, (AGM Insured), 4.00%, due 4/1/2023	$	133,126
	1,290,000	Pampa Independent Sch. Dist. G.O. Ref., Ser. 2016, (PSF-GTD Insured), 5.00%, due 8/15/2032 Pre-Refunded 8/15/2025		1,540,375
	700,000	Prosper Independent Sch. Dist. G.O. (Sch. Bldg.), Ser. 2019, (PSF-GTD Insured), 5.00%, due 2/15/2030		908,220
	1,420,000	Southwest Independent Sch. Dist. G.O. (Sch. Bldg.), Ser. 2013, (PSF-GTD Insured), 5.00%, due 2/1/2026		1,470,927
	1,700,000	Tender Option Bond Trust Receipts/Certificates, Ser. 2021, (LOC: Deutsche Bank AG), 0.36%, due 1/1/2061		1,700,000	^(a)(b)
	1,000,000	Texas Private Activity Bond Surface Trans. Corp. Sr. Lien Rev. Ref. (North Tarrant Express Managed Lanes Proj.), Ser. 2019-A, 5.00%, due 12/31/2030		1,280,965
	980,000	Texas St., Ser. 2020, 4.00%, due 8/26/2021		992,054
				16,741,203
Utah 1.4%
		Midvale Redev. Agcy. Tax Increment & Sales Tax Rev.
	660,000	Ser. 2018, 5.00%, due 5/1/2032		824,965
	380,000	Ser. 2018, 5.00%, due 5/1/2034		472,240
		Utah Infrastructure Agcy. Telecommunication Rev.
	200,000	Ser. 2019-A, 4.00%, due 10/15/2036		231,492
	500,000	Ser. 2021-A, 4.00%, due 10/15/2038		582,798
	265,000	Utah St. G.O., Ser. 2020-B, 3.00%, due 7/1/2030		302,935
	975,000	Weber Co. Spec. Assessment (Summit Mountain Assessment Area), Ser. 2013, 5.50%, due 1/15/2028		1,058,575
				3,473,005
Virginia 1.0%
	2,000,000	Henrico Co. Wtr. & Swr. Ref. Rev., Ser. 2016, 5.00%, due 5/1/2027		2,449,501
Washington 0.6%
		North Thurston Pub. Sch. G.O.
	85,000	Ser. 2016, 4.00%, due 12/1/2028		98,189
	150,000	Ser. 2016, 4.00%, due 12/1/2029		172,299
		Whitman Co. Sch. Dist. No. 267 Pullman G.O.
	800,000	Ser. 2016, 4.00%, due 12/1/2029		918,926
	225,000	Ser. 2016, 4.00%, due 12/1/2030		257,383
				1,446,797
West Virginia 0.4%
	700,000	West Virginia Hosp. Fin. Au. Rev. Ref. (Cabell Huntington Hosp. Obligated Group), Ser. 2018-A, 5.00%, due 1/1/2029		889,461
Wisconsin 0.9%
	500,000	Pub. Fin. Au. Sr. Rev. (Wonderful Foundations Charter Sch. Portfolio Proj.), Ser. 2020-A-1, 5.00%, due 1/1/2055		556,902	^(b)
	565,000	Tender Option Bond Trust Receipts/Certificates, Ser. 2020, (LOC: Mizuho Cap. Markets LLC), 0.26%, due 6/15/2045		565,000	^(a)(b)

See Notes to Financial Statements

131

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	1,000,000	Wisconsin St. Hlth. & Ed. Facs. Au. Rev. Ref. (Ascension Health Credit Group), Ser. 2016-A, 4.00%, due 11/15/2039	$	1,119,909
				2,241,811
		Total Investments 100.6% (Cost $229,359,761)		240,284,769
		Liabilities Less Other Assets (0.6)%		(1,485,155	)
		Net Assets 100.0%	$	238,799,614

(b) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $13,546,586, which represents 5.7% of net assets of the Fund.

(c) When-issued security. Total value of all such securities at April 30, 2021 amounted to $3,986,543, which represents 1.7% of net assets of the Fund.

(d) All or a portion of this security is segregated in connection with obligations for when-issued securities with a total value of $5,579,075.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3		Total
Investments:
Municipal Notes^(a)	$	—	$	240,284,769	$	—	$	240,284,769
Total Investments	$	—	$	240,284,769	$	—	$	240,284,769

(a) The Schedule of Investments provides information on the state/territory for the portfolio.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

132

Schedule of Investments Short Duration Bond Fund^ (Unaudited) April 30, 2021

PRINCIPAL AMOUNT			VALUE
U.S. Treasury Obligations 4.1%
$	2,343,587	U.S. Treasury Inflation-Indexed Note, 0.13%, due 7/15/2030	$	2,575,749	^(a)
	985,000	U.S. Treasury Note, 0.13%, due 2/28/2023		984,577
		Total U.S. Treasury Obligations (Cost $3,589,276)		3,560,326
Mortgage-Backed Securities 33.2%
Collateralized Mortgage Obligations 12.6%
	281,702	Angel Oak Mortgage Trust I LLC, Ser. 2019-1, Class A1, 3.92%, due 11/25/2048		286,939	^(b)(c)
	897,600	Brass No. 10 PLC, Ser. 10A, Class A1, 0.67%, due 4/16/2069		897,989	^(b)(c)
	229,395	Connecticut Avenue Securities Trust, Ser. 2019-R02, Class 1M2, (1M USD LIBOR + 2.30%), 2.41%, due 8/25/2031		231,064	^(c)(d)
		Fannie Mae Connecticut Avenue Securities
	849,079	Ser. 2016-C02, Class 1M2, (1M USD LIBOR + 6.00%), 6.11%, due 9/25/2028		896,084	^(d)
	258,502	Ser. 2016-C03, Class 1M2, (1M USD LIBOR + 5.30%), 5.41%, due 10/25/2028		271,486	^(d)
	265,487	Ser. 2016-C04, Class 1M2, (1M USD LIBOR + 4.25%), 4.36%, due 1/25/2029		278,304	^(d)
	603,570	Ser. 2016-C06, Class 1M2, (1M USD LIBOR + 4.25%), 4.36%, due 4/25/2029		629,371	^(d)
	217,661	Ser. 2016-C07, Class 2M2, (1M USD LIBOR + 4.35%), 4.46%, due 5/25/2029		226,862	^(d)
	296,199	Ser. 2017-C03, Class 1M2, (1M USD LIBOR + 3.00%), 3.11%, due 10/25/2029		304,382	^(d)
	732,668	Ser. 2017-C05, Class 1M2, (1M USD LIBOR + 2.20%), 2.31%, due 1/25/2030		742,133	^(d)
	751,551	Ser. 2018-C01, Class 1M2, (1M USD LIBOR + 2.25%), 2.36%, due 7/25/2030		759,094	^(d)
		Freddie Mac Structured Agency Credit Risk Debt Notes
	915,166	Ser. 2017-DNA1, Class M2, (1M USD LIBOR + 3.25%), 3.36%, due 7/25/2029		950,105	^(d)
	530,000	Ser. 2017-DNA3, Class M2, (1M USD LIBOR + 2.50%), 2.61%, due 3/25/2030		542,018	^(d)
	465,288	Ser. 2017-HQA3, Class M2, (1M USD LIBOR + 2.35%), 2.46%, due 4/25/2030		472,466	^(d)
	71,341	Ser. 2018-HQA2, Class M1, (1M USD LIBOR + 0.75%), 0.86%, due 10/25/2048		71,341	^(c)(d)
	69,670	Ser. 2019-DNA2, Class M2, (1M USD LIBOR + 2.45%), 2.56%, due 3/25/2049		70,850	^(c)(d)
		Freddie Mac Structured Agency Credit Risk Debt Notes Real Estate Mortgage Investment Conduits
	870,000	Ser. 2021-DNA3, Class M2, (SOFR30A + 2.10%), 2.11%, due 10/25/2033		882,548	^(c)(d)
	730,000	Ser. 2021-DNA1, Class M1, (SOFR30A + 0.65%), 0.66%, due 1/25/2051		730,000	^(c)(d)
	555,603	GCAT Trust, Ser. 2019-NQM2, Class A1, 2.86%, due 9/25/2059		564,300	^(c)(e)
	35,261	Harborview Mortgage Loan Trust, Ser. 2004-4, Class 3A, (1M USD LIBOR + 1.13%), 1.24%, due 6/19/2034		36,666	^(d)
	647,730	New Residential Mortgage Loan Trust, Ser. 2019-NQM5, Class A1, 2.71%, due 11/25/2059		662,445	^(b)(c)
	478,799	Starwood Mortgage Residential Trust, Ser. 2019-INV1, Class A1, 2.61%, due 9/27/2049		485,767	^(b)(c)
				10,992,214
Commercial Mortgage-Backed 20.3%
	1,222,765	BANK, Ser. 2020-BN30, Class A1, 0.45%, due 12/15/2053		1,218,386
	660,318	BBCMS Mortgage Trust, Ser. 2020-C7, Class A1, 1.08%, due 4/15/2053		663,874
	890,000	BBCMS Trust, Ser. 2013-TYSN, Class B, 4.04%, due 9/5/2032		889,907	^(c)
	390,689	BX Commercial Mortgage Trust, Ser. 2018-IND, Class A, (1M USD LIBOR + 0.75%), 0.87%, due 11/15/2035		390,689	^(c)(d)
	260,000	BXMT Ltd., Ser. 2020-FL2, Class A, (1M USD LIBOR + 0.90%), 1.02%, due 2/16/2037		259,676	^(c)(d)
	59,168	CD Mortgage Trust, Ser. 2017-CD3, Class A1, 1.97%, due 2/10/2050		59,272
		Citigroup Commercial Mortgage Trust
	660,000	Ser. 2015-P1, Class A5, 3.72%, due 9/15/2048		726,857
	70,712	Ser. 2016-C2, Class A1, 1.50%, due 8/10/2049		70,746
	310,534	Ser. 2018-C5, Class A1, 3.13%, due 6/10/2051		315,650
		Commercial Mortgage Trust
	187,757	Ser. 2012-CR3, Class ASB, 2.37%, due 10/15/2045		189,633
	1,000,000	Ser. 2012-CR4, Class AM, 3.25%, due 10/15/2045		1,010,477
	1,000,000	Ser. 2013-LC6, Class B, 3.74%, due 1/10/2046		1,036,782

See Notes to Financial Statements

133

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
$	1,409,408	Ser. 2014-UBS3, Class XA, 1.23%, due 6/10/2047	$	38,953	^(b)(f)
	690,613	Ser. 2014-CR19, Class ASB, 3.50%, due 8/10/2047		725,393
	5,495,080	Ser. 2014-UBS6, Class XA, 1.03%, due 12/10/2047		137,687	^(b)(f)
		CSAIL Commercial Mortgage Trust
	7,566,838	Ser. 2016-C5, Class XA, 1.08%, due 11/15/2048		254,483	^(b)(f)
	902,160	Ser. 2016-C5, Class ASB, 3.53%, due 11/15/2048		957,175
	375,509	Ser. 2017-CX10, Class A1, 2.23%, due 11/15/2050		378,766
	70,976	DBJPM Mortgage Trust, Ser. 2016-C3, Class A1, 1.50%, due 8/10/2049		71,064
	1,535,000	Freddie Mac Multiclass Certificates, Ser. 2020-RR02, Class CX, 1.27%, due 3/27/2029		135,202	^(b)(f)
		Freddie Mac Multifamily Structured Pass Through Certificates
	5,868,998	Ser. KW03, Class X1, 0.98%, due 6/25/2027		229,421	^(b)(f)
	3,423,682	Ser. K095, Class X1, 1.08%, due 6/25/2029		231,477	^(b)(f)
	5,291,304	Ser. K096, Class X1, 1.26%, due 7/25/2029		430,864	^(b)(f)
	4,100,000	Ser. K098, Class XAM, 1.52%, due 8/25/2029		430,754	^(b)(f)
		GS Mortgage Securities Trust
	430,000	Ser. 2019-BOCA, Class A, (1M USD LIBOR + 1.20%), 1.32%, due 6/15/2038		430,534	^(c)(d)
	730,000	Ser. 2010-C1, Class B, 5.15%, due 8/10/2043		721,153	^(c)
	500,000	Ser. 2012-GCJ7, Class B, 4.74%, due 5/10/2045		515,120
	65,004,527	Ser. 2013-GC13, Class XA, 0.10%, due 7/10/2046		111,112	^(b)(f)
	100,000	Ser. 2014-GC18, Class AS, 4.38%, due 1/10/2047		107,088
	315,431	Morgan Stanley Capital I Trust, Ser. 2011-C2, Class A4, 4.66%, due 6/15/2044		317,253	^(c)
	697,000	VNDO Mortgage Trust, Ser. 2012-6AVE, Class E, 3.45%, due 11/15/2030		713,261	^(b)(c)
		Wells Fargo Commercial Mortgage Trust
	1,000,000	Ser. 2012-LC5, Class C, 4.69%, due 10/15/2045		1,030,812	^(b)
	57,771	Ser. 2016-NXS6, Class A1, 1.42%, due 11/15/2049		57,770
	330,158	Ser. 2017-C39, Class A1, 1.98%, due 9/15/2050		332,203
	1,000,416	Ser. 2018-C45, Class A1, 3.13%, due 6/15/2051		1,021,440
	4,060,120	Ser. 2019-C52, Class XA, 1.76%, due 8/15/2052		416,869	^(b)(f)
	910,000	WFRBS Commercial Mortgage Trust, Ser. 2014-C25, Class A5, 3.63%, due 11/15/2047		990,062
				17,617,865
Fannie Mae 0.2%
		Pass-Through Certificates
	153,229	4.50%, due 4/1/2039 – 5/1/2044		171,176
Freddie Mac 0.1%
		Pass-Through Certificates
	113,242	4.50%, due 11/1/2039		127,270
	Total Mortgage-Backed Securities (Cost $29,140,480)			28,908,525
Corporate Bonds 51.9%
Advertising 0.2%
	130,000	Outfront Media Capital LLC/Outfront Media Capital Corp., 6.25%, due 6/15/2025		137,963	^(c)
Aerospace & Defense 1.7%
	1,150,000	Boeing Co., 2.20%, due 2/4/2026		1,152,064
	120,000	Spirit AeroSystems, Inc., 7.50%, due 4/15/2025		128,584	^(c)
	150,000	TransDigm, Inc., 6.25%, due 3/15/2026		158,812	^(c)
				1,439,460

See Notes to Financial Statements

134

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Agriculture 0.5%
$	465,000	BAT Capital Corp., 2.26%, due 3/25/2028	$	456,005
Airlines 3.3%
	930,000	American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, due 4/20/2026		976,500	^(c)
	110,000	Delta Air Lines, Inc., 7.00%, due 5/1/2025		127,912	^(c)
	465,000	Delta Air Lines, Inc./SkyMiles IP Ltd., 4.50%, due 10/20/2025		498,783	^(c)
		United Continental Holdings, Inc.
	150,000	4.25%, due 10/1/2022		152,938
	850,000	4.88%, due 1/15/2025		862,219
	200,000	4.38%, due 4/15/2026		207,544	^(c)
				2,825,896
Auto Manufacturers 2.4%
	390,000	Ford Motor Credit Co. LLC, 5.13%, due 6/16/2025		426,036
		General Motors Financial Co., Inc.
	470,000	2.75%, due 6/20/2025		494,625
	300,000	2.70%, due 8/20/2027		308,890
		Volkswagen Group of America Finance LLC
	490,000	0.88%, due 11/22/2023		492,162	^(c)
	295,000	3.35%, due 5/13/2025		319,307	^(c)
				2,041,020
Auto Parts & Equipment 0.3%
	210,000	Goodyear Tire & Rubber Co., 9.50%, due 5/31/2025		236,775
	50,000	Meritor, Inc., 6.25%, due 6/1/2025		53,493	^(c)
				290,268
Banks 8.5%
	450,000	Banco Santander SA, 2.75%, due 5/28/2025		474,567
	550,000	Bank of America Corp., Ser. L, 3.95%, due 4/21/2025		604,956
	930,000	Citigroup, Inc., 3.35%, due 4/24/2025		997,045	^(g)
	1,525,000	Goldman Sachs Group, Inc., (3M USD LIBOR + 1.60%), 1.79%, due 11/29/2023		1,571,064	^(d)
	600,000	JPMorgan Chase & Co., 2.30%, due 10/15/2025		625,838	^(g)
	935,000	Lloyds Banking Group PLC, 1.33%, due 6/15/2023		943,728	^(g)
	1,330,000	Morgan Stanley, (SOFR + 0.70%), 0.71%, due 1/20/2023		1,332,634	^(d)
	810,000	Wells Fargo & Co., 3.75%, due 1/24/2024		876,606
				7,426,438
Chemicals 1.1%
	920,000	LYB International Finance III LLC, (3M USD LIBOR + 1.00%), 1.20%, due 10/1/2023		922,095	^(d)
Commercial Services 0.7%
	390,000	APX Group, Inc., 8.50%, due 11/1/2024		406,575
	200,000	Prime Security Services Borrower LLC/Prime Finance, Inc., 5.25%, due 4/15/2024		213,500	^(c)
				620,075

See Notes to Financial Statements

135

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Distribution - Wholesale 0.2%
$	130,000	Performance Food Group, Inc., 6.88%, due 5/1/2025	$	138,954	^(c)
Diversified Financial Services 2.5%
		AerCap Ireland Capital DAC/AerCap Global Aviation Trust
	700,000	4.50%, due 9/15/2023		753,880
	460,000	6.50%, due 7/15/2025		541,394
	895,000	Global Aircraft Leasing Co. Ltd., 6.50% Cash/7.25% PIK, due 9/15/2024		895,000	^(c)(h)
				2,190,274
Electric 1.5%
	980,000	NextEra Energy Capital Holdings, Inc., 0.65%, due 3/1/2023		983,088
	340,000	Talen Energy Supply LLC, 10.50%, due 1/15/2026		312,494	^(c)
				1,295,582
Entertainment 1.0%
	195,000	Cinemark USA, Inc., 8.75%, due 5/1/2025		212,306	^(c)
	200,000	Int'l Game Technology PLC, 4.13%, due 4/15/2026		206,082	^(c)
	205,000	Live Nation Entertainment, Inc., 4.88%, due 11/1/2024		208,844	^(c)
	80,000	Six Flags Entertainment Corp., 4.88%, due 7/31/2024		80,500	^(c)
	185,000	Six Flags Theme Parks, Inc., 7.00%, due 7/1/2025		199,868	^(c)
				907,600
Food Service 0.6%
		Aramark Services, Inc.
	200,000	5.00%, due 4/1/2025		205,250	^(i)(c)
	280,000	6.38%, due 5/1/2025		297,850	^(c)
				503,100
Gas 1.4%
	430,000	Atmos Energy Corp., (3M USD LIBOR + 0.38%), 0.57%, due 3/9/2023		430,242	^(d)
	815,000	CenterPoint Energy Resources Corp., (3M USD LIBOR + 0.50%), 0.68%, due 3/2/2023		815,182	^(d)
				1,245,424
Housewares 0.2%
	155,000	CD&R Smokey Buyer, Inc., 6.75%, due 7/15/2025		165,462	^(c)
Leisure Time 1.4%
		Carnival Corp.
	635,000	10.50%, due 2/1/2026		748,443	^(c)
	225,000	5.75%, due 3/1/2027		237,236	^(c)
	170,000	NCL Corp. Ltd., 12.25%, due 5/15/2024		207,364	^(c)
				1,193,043

See Notes to Financial Statements

136

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Machinery - Diversified 0.5%
$	465,000	Otis Worldwide Corp., (3M USD LIBOR + 0.45%), 0.64%, due 4/5/2023	$	464,737	^(d)
Media 1.8%
	350,000	Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, due 7/23/2025		398,028
	280,000	Cumulus Media New Holdings, Inc., 6.75%, due 7/1/2026		287,000	^(i)(c)
	450,000	Fox Corp., 3.05%, due 4/7/2025		480,879
	150,000	iHeartCommunications, Inc., 6.38%, due 5/1/2026		159,799
	270,000	Radiate Holdco LLC/Radiate Finance, Inc., 4.50%, due 9/15/2026		274,725	^(c)
				1,600,431
Mining 0.3%
	255,000	First Quantum Minerals Ltd., 7.50%, due 4/1/2025		264,722	^(c)
Miscellaneous Manufacturer 2.0%
	1,730,000	General Electric Capital Corp., (3M USD LIBOR + 1.00%), 1.18%, due 3/15/2023		1,750,175	^(d)
Oil & Gas 2.6%
	220,000	Apache Corp., 4.63%, due 11/15/2025		232,375
	1,090,000	BP Capital Markets America, Inc., (3M USD LIBOR + 0.65%), 0.84%, due 9/19/2022		1,094,785	^(d)
	170,000	Occidental Petroleum Corp., 5.50%, due 12/1/2025		182,750
	75,000	PDC Energy, Inc., 5.75%, due 5/15/2026		77,976
	450,000	Petroleos Mexicanos, (3M USD LIBOR + 3.65%), 3.83%, due 3/11/2022		455,634	^(d)
	200,000	Range Resources Corp., 9.25%, due 2/1/2026		219,616
				2,263,136
Oil & Gas Services 0.2%
	120,000	USA Compression Partners L.P./USA Compression Finance Corp., 6.88%, due 4/1/2026		125,843
Pharmaceuticals 2.5%
	1,730,000	AbbVie, Inc., (3M USD LIBOR + 0.65%), 0.83%, due 11/21/2022		1,740,653	^(d)
	330,000	Upjohn, Inc., 1.65%, due 6/22/2025		333,326	^(c)
	130,000	Valeant Pharmaceuticals Int'l, Inc., 5.50%, due 11/1/2025		134,063	^(c)
				2,208,042
Pipelines 3.6%
	130,000	Antero Midstream Partners L.P./Antero Midstream Finance Corp., 5.38%, due 9/15/2024		132,113
	290,000	Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, due 12/15/2025		313,490	^(c)
	220,000	Buckeye Partners L.P., 4.35%, due 10/15/2024		229,625
	115,000	EQM Midstream Partners L.P., 6.00%, due 7/1/2025		125,638	^(c)
	130,000	Genesis Energy L.P./Genesis Energy Finance Corp., 6.50%, due 10/1/2025		130,650
	500,000	Kinder Morgan, Inc., 5.63%, due 11/15/2023		554,240	^(c)
	540,000	MPLX L.P., 4.88%, due 6/1/2025		608,861
	570,000	New Fortress Energy, Inc., 6.50%, due 9/30/2026		581,588	^(c)
	75,000	Rattler Midstream L.P., 5.63%, due 7/15/2025		79,031	^(c)

See Notes to Financial Statements

137

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
		Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp.
$	210,000	5.50%, due 9/15/2024	$	213,937	^(c)
	120,000	7.50%, due 10/1/2025		131,100	^(c)
				3,100,273
Real Estate 0.5%
		Realogy Group LLC/Realogy Co-Issuer Corp.
	235,000	4.88%, due 6/1/2023		244,400	^(c)
	185,000	7.63%, due 6/15/2025		202,112	^(c)
				446,512
Real Estate Investment Trusts 1.0%
	515,000	American Tower Corp., 1.60%, due 4/15/2026		517,942
	100,000	MGM Growth Properties Operating Partnership L.P./MGP Finance Co-Issuer, Inc., 4.63%, due 6/15/2025		106,388	^(c)
	200,000	Uniti Group L.P./Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.88%, due 2/15/2025		215,500	^(c)
				839,830
Retail 2.0%
	1,770,000	7-Eleven, Inc., 0.80%, due 2/10/2024		1,767,478	^(c)
Semiconductors 0.7%
	600,000	Broadcom, Inc., 3.15%, due 11/15/2025		642,635	^(j)
Software 2.2%
	122,000	BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, due 1/31/2026		127,795	^(c)
	460,000	Infor, Inc., 1.45%, due 7/15/2023		466,109	^(c)
	1,300,000	Oracle Corp., 1.65%, due 3/25/2026		1,313,036
				1,906,940
Telecommunications 4.5%
		AT&T, Inc.
	400,000	(3M USD LIBOR + 0.89%), 1.08%, due 2/15/2023		403,236	^(d)
	1,090,000	1.70%, due 3/25/2026		1,095,094
	450,000	1.65%, due 2/1/2028		438,351
	200,000	Numericable-SFR SA, 7.38%, due 5/1/2026		207,360	^(c)
	450,000	T-Mobile USA, Inc., 3.50%, due 4/15/2025		487,971	^(c)
		Verizon Communications, Inc.
	815,000	1.45%, due 3/20/2026		820,101
	450,000	2.63%, due 8/15/2026		478,528
				3,930,641
		Total Corporate Bonds (Cost $44,262,134)		45,110,054

See Notes to Financial Statements

138

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT			VALUE
Asset-Backed Securities 6.0%
$	358,112	Consumer Loan Underlying Bond Club Certificate Issuer Trust I, Ser. 2019-HP1, Class A, 2.59%, due 12/15/2026	$	361,784	^(c)
		CoreVest American Finance Trust
	42,056	Ser. 2017-1, Class A, 2.97%, due 10/15/2049		42,174	^(c)
	100,000	Ser. 2017-1, Class B, 3.36%, due 10/15/2049		101,163	^(c)
	1,000,000	Dryden 64 CLO Ltd., Ser. 2018-64A, Class D, (3M USD LIBOR + 2.65%), 2.84%, due 4/18/2031		972,144	^(c)(d)
	1,000,000	Octagon Investment Partners 43 Ltd., Ser. 2019-1A, Class D, (3M USD LIBOR + 3.90%), 4.08%, due 10/25/2032		1,004,972	^(c)(d)
	960,000	PFS Financing Corp., Ser. 2021-A, Class A, 0.71%, due 4/15/2026		957,574	^(c)
	109,582	Prosper Marketplace Issuance Trust, Ser. 2019-4A, Class A, 2.48%, due 2/17/2026		109,878	^(c)
	500,000	TICP CLO VII Ltd., Ser. 2017-7A, Class DR, (3M USD LIBOR + 3.20%), 3.38%, due 4/15/2033		501,452	^(c)(d)
	187,972	Verizon Owner Trust, Ser. 2019-A, Class A1A, 2.93%, due 9/20/2023		190,365
	1,000,000	Voya CLO Ltd., Ser. 2016-2A, Class CR, (3M USD LIBOR + 4.00%), 4.19%, due 7/19/2028		999,988	^(c)(d)
		Total Asset-Backed Securities (Cost $5,209,691)		5,241,494
NUMBER OF SHARES
Exchange-Traded Funds 2.9%
	91,665	SPDR Bloomberg Barclays Short Term High Yield Bond ETF (Cost $2,474,038)		2,516,204
Short-Term Investments 0.5%
Investment Companies 0.5%
	435,745	State Street Navigator Securities Lending Government Money Market Portfolio, 0.02%^(k) (Cost $435,745)		435,745	^(l)
		Total Investments 98.6% (Cost $85,111,364)		85,772,348
		Other Assets Less Liabilities 1.4%		1,180,891	^(m)
		Net Assets 100.0%	$	86,953,239

(a) Index-linked bond whose principal amount adjusts according to a government retail price index.

(c) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $28,205,031, which represents 32.4% of net assets of the Fund.

(d) Variable or floating rate security. The interest rate shown was the current rate as of April 30, 2021 and changes periodically.

See Notes to Financial Statements

139

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

(e) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the current rate as of April 30, 2021.

(f) Interest only security. These securities represent the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the "interest only" holding.

(g) Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(h) Payment-in-kind (PIK) security.

(i) The security or a portion of this security is on loan at April 30, 2021. Total value of all such securities at April 30, 2021 amounted to $427,133 for the Fund.

(j) All or a portion of this security is segregated in connection with obligations for futures with a total value of $642,635.

(k) Represents 7-day effective yield as of April 30, 2021.

(l) Represents investment of cash collateral received from securities lending.

(m) Includes the impact of the Fund's open positions in derivatives at April 30, 2021.

POSITIONS BY COUNTRY

Country	Investments at Value		Percentage of Net Assets
United States	$	74,896,623		86.1	%
Cayman Islands		4,633,232		5.4	%
United Kingdom		2,297,722		2.6	%
Ireland		1,295,274		1.5	%
Germany		811,469		1.0	%
Spain		474,567		0.5	%
Mexico		455,634		0.5	%
Zambia		264,722		0.3	%
France		207,360		0.2	%
Short-Term Investments and Other Assets—Net		1,616,636		1.9	%
	$	86,953,239		100.0	%

Derivative Instruments

Futures contracts ("futures")

At April 30, 2021, open positions in futures for the Fund were as follows:

Long Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
6/2021		258	U.S. Treasury Note, 2 Year	$	56,955,516	$	(19,969	)
Total Long Positions				$	56,955,516	$	(19,969	)

See Notes to Financial Statements

140

Schedule of Investments Short Duration Bond Fund^ (Unaudited) (cont'd)

Short Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount			Value and Unrealized Appreciation/ (Depreciation)
6/2021		147	U.S. Treasury Note, 5 Year	$	(18,218,813	)	$	56,901
6/2021		15	U.S. Treasury Note, 10 Year		(1,980,469	)		(3,625	)
6/2021		24	U.S. Treasury Note, Ultra 10 Year		(3,493,125	)		17,969
Total Short Positions				$	(23,692,407	)	$	71,245
Total Futures							$	51,276

At April 30, 2021, the Fund had $147,520 deposited in a segregated account to cover margin requirements on open futures.

For the six months ended April 30, 2021, the average notional value for the months where the Fund had futures outstanding was $39,866,358 for long positions and $(19,339,420) for short positions.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3		Total
Investments:
U.S. Treasury Obligations	$	—	$	3,560,326	$	—	$	3,560,326
Mortgage-Backed Securities^(a)		—		28,908,525		—		28,908,525
Corporate Bonds^(a)		—		45,110,054		—		45,110,054
Asset-Backed Securities		—		5,241,494		—		5,241,494
Exchange-Traded Funds		2,516,204		—		—		2,516,204
Short-Term Investments		—		435,745		—		435,745
Total Investments	$	2,516,204	$	83,256,144	$	—	$	85,772,348

(a)The Schedule of Investments provides information on the industry or sector categorization for the portfolio as well as a Positions by Country summary.

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2021:

Other Financial Instruments

	Level 1			Level 2		Level 3		Total
Futures^(a)
Assets	$	74,870		$	—	$	—	$	74,870
Liabilities		(23,594	)		—		—		(23,594	)
Total	$	51,276		$	—	$	—	$	51,276

(a)Futures are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

141

Schedule of Investments Strategic Income Fund^ (Unaudited) April 30, 2021

PRINCIPAL AMOUNT^(a)			VALUE
Loan Assignments^(b) 7.0%
Aerospace & Defense 0.2%
$	1,267,200	AI Convoy (Luxembourg) S.A.R.L, Term Loan B, (3M USD LIBOR + 3.50%, 6M USD LIBOR + 3.50%), 4.50%, due 1/17/2027	$	1,265,084	^(c)
	1,031,935	MHI Holdings, LLC, Term Loan B, (1M USD LIBOR + 5.00%), 5.11%, due 9/21/2026		1,034,298
	780,823	Peraton Holding Corp., Term Loan B, (1M USD LIBOR + 3.75%), 4.50%, due 2/1/2028		779,848
		TransDigm, Inc.
	143,188	Term Loan E, (1M USD LIBOR + 2.25%), 2.36%, due 5/30/2025		141,343
	1,297,349	Term Loan F, (1M USD LIBOR + 2.25%), 2.36%, due 12/9/2025		1,280,548
				4,501,121
Air Transport 0.2%
	1,620,000	AAdvantage Loyalty IP Ltd., Term Loan, (3M USD LIBOR + 4.75%), 5.50%, due 4/20/2028		1,664,550
	1,133,073	American Airlines, Inc., Term Loan B, (USD LIBOR + 2.00%), due 4/28/2023		1,089,483	^(d)(e)
	895,000	SkyMiles IP Ltd., Term Loan B, (3M USD LIBOR + 3.75%), 4.75%, due 10/20/2027		939,419
	1,625,000	United Airlines, Inc., Term Loan B, (USD LIBOR + 3.75%), due 4/13/2028		1,642,989	^(d)(e)
				5,336,441
Automotive 0.2%
	1,047,926	Clarios Global LP, Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 4/30/2026		1,036,398
	813,574	Dealer Tire, LLC, Term Loan B, (1M USD LIBOR + 4.25%), 4.36%, due 12/12/2025		811,996
	2,160,000	First Brands, Term Loan, (3M USD LIBOR + 5.00%), 6.00%, due 3/30/2027		2,169,007
	818,308	Tenneco, Inc., Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 10/1/2025		797,850
	853,160	Wand NewCo 3, Inc., Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 2/5/2026		840,969
				5,656,220
Building & Development 0.2%
	1,081,452	Cornerstone Building Brands, Inc., Term Loan B, (3M USD LIBOR + 3.25%), 3.36%, due 4/12/2028		1,070,638
	874,086	CPG International Inc., Term Loan, (3M USD LIBOR + 2.50%), 3.25%, due 5/5/2024		872,057
	446,269	Forterra Finance, LLC, Term Loan B, (1M USD LIBOR + 3.00%), 4.00%, due 10/25/2023		445,943
	1,079,575	White Cap Buyer LLC, Term Loan B, (3M USD LIBOR + 4.00%), 4.50%, due 10/19/2027		1,078,787
	1,480,686	Wilsonart LLC, Term Loan E, (3M USD LIBOR + 3.50%), 4.50%, due 12/19/2026		1,477,695
				4,945,120
Business Equipment & Services 1.0%
	1,572,393	APX Group, Inc., Term Loan, (1M USD LIBOR + 4.00%, 1M USD LIBOR + 5.00%), 5.11% – 7.25%, due 12/31/2025		1,572,393	^(c)
	1,341,350	Change Healthcare Holdings LLC, Term Loan B, (1M USD LIBOR + 2.50%, 3M USD LIBOR + 2.50%), 3.50%, due 3/1/2024		1,339,218	^(c)
		Colorado Buyer Inc.
	1,092,163	Term Loan B, (3M USD LIBOR + 3.00%), 4.00%, due 5/1/2024		1,061,790
	1,090,000	Second Lien Term Loan, (3M USD LIBOR + 7.25%), 8.25%, due 5/1/2025		1,076,985
	912,303	ConvergeOne Holdings, Inc., Term Loan, (1M USD LIBOR + 5.00%), 5.11%, due 1/4/2026		891,612
	2,699,600	Deerfield Dakota Holding, LLC, Term Loan B, (1M USD LIBOR + 3.75%), 4.75%, due 4/9/2027		2,702,975

See Notes to Financial Statements

142

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	2,168,612	Dun & Bradstreet Corporation (The), Term Loan, (1M USD LIBOR + 3.25%), 3.36%, due 2/6/2026	$	2,155,731
	1,078,142	Endure Digital Inc., Term Loan, (3M USD LIBOR + 3.50%), 4.25%, due 2/10/2028		1,066,692
	3,086,675	Garda World Security Corporation, Term Loan B, (1M USD LIBOR + 4.25%), 4.36%, due 10/30/2026		3,087,972
	1,072,313	Greeneden U.S. Holdings II, LLC, Term Loan B4, (1M USD LIBOR + 4.00%), 4.75%, due 12/1/2027		1,073,921
	1,561,629	Learning Care Group, Inc., First Lien Term Loan, (6M USD LIBOR + 3.25%), 4.25%, due 3/13/2025		1,534,019
	635,212	Loire Finco Luxembourg S.a.r.l., Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 4/21/2027		625,157
	295,000	Packaging Coordinators Midco, Inc., First Lien Term Loan, (6M USD LIBOR + 3.75%), 4.50%, due 11/30/2027		294,817
	1,270,400	Presidio, Inc., Term Loan B, (1M USD LIBOR + 3.50%, 3M USD LIBOR + 3.50%), 3.62% – 3.72%, due 1/22/2027		1,265,102	^(c)
	3,204,119	Prime Security Services Borrower, LLC, Term Loan, (1M USD LIBOR + 2.75%, 3M USD LIBOR + 2.75%, 1Y USD LIBOR + 2.75%), 3.50%, due 9/23/2026		3,197,903	^(c)
	820,525	Solera, LLC, Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 3/3/2023		815,618
	2,174,075	Tech Data Corporation, Term Loan, (1M USD LIBOR + 5.50%), 5.61%, due 6/30/2025		2,178,162
	1,144,669	Tempo Acquisition LLC, Term Loan, (1M USD LIBOR + 3.25%), 3.75%, due 11/2/2026		1,142,757
	1,549,379	Vertiv Group Corporation, Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 3/2/2027		1,539,975
	550,255	West Corporation, Term Loan B1, (1M USD LIBOR + 3.50%, 3M USD LIBOR + 3.50%), 4.50%, due 10/10/2024		532,218	^(c)
	924,755	William Morris Endeavor Entertainment, LLC, First Lien Term Loan, (1M USD LIBOR + 2.75%, 3M USD LIBOR + 2.75%), 2.90% – 2.94%, due 5/18/2025		902,218	^(c)
				30,057,235
Cable & Satellite Television 0.2%
	709,944	Altice Financing SA, Term Loan B, (3M USD LIBOR + 2.75%), 2.93%, due 7/15/2025		695,390
	4,850,435	Altice France S.A., Term Loan B13, (3M USD LIBOR + 4.00%), 4.20%, due 8/14/2026		4,831,373
	1,336,650	Radiate Holdco, LLC, Term Loan, (1M USD LIBOR + 3.50%), 4.25%, due 9/25/2026		1,337,211
	451,875	WideOpenWest Finance LLC, Term Loan B, (1M USD LIBOR + 3.25%), 4.25%, due 8/18/2023		450,655
				7,314,629
Chemicals & Plastics 0.1%
	646,645	Diamond (BC) B.V., Term Loan, (2M USD LIBOR + 3.00%), 3.15% – 3.19%, due 9/6/2024		643,412	^(c)
	1,021,047	PQ Corporation, Term Loan B, (3M USD LIBOR + 3.00%), 4.00%, due 2/7/2027		1,020,281
	856,679	Solenis Holdings LLC, First Lien Term Loan, (3M USD LIBOR + 4.00%), 4.19%, due 6/26/2025		853,732
				2,517,425
Clothing - Textiles 0.0%^(f)
	1,119,102	Varsity Brands, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 4.50%, due 12/15/2024		1,073,566

See Notes to Financial Statements

143

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Containers & Glass Products 0.2%
$	1,010,000	Altium Packaging LLC, Term Loan B, (1M USD LIBOR + 2.75%), 3.25%, due 2/3/2028	$	998,850
		Berlin Packaging LLC
	781,602	First Lien Term Loan, (1M USD LIBOR + 3.00%, 3M USD LIBOR + 3.00%), 3.11% – 3.21%, due 11/7/2025		770,003	^(c)
	305,000	Term Loan B, (3M USD LIBOR + 3.25%), 3.75%, due 3/5/2028		301,663
	1,036,543	BWAY Holding Company, Term Loan B, (3M USD LIBOR + 3.25%), 3.44%, due 4/3/2024		1,000,264
	1,983,814	Graham Packaging Company Inc., Term Loan, (1M USD LIBOR + 3.00%), 3.75%, due 8/4/2027		1,977,505
		TricorBraun Holdings, Inc.
	6,411	Term Loan DD, (3M USD LIBOR + 3.25%), 3.75% – 3.75%, due 3/3/2028		6,346
	855,100	Term Loan, (3M USD LIBOR + 3.25%), 3.75%, due 3/3/2028		846,430
	1,226,068	Trident TPI Holdings, Inc., Term Loan B1, (3M USD LIBOR + 3.00%), 4.00%, due 10/17/2024		1,217,645
				7,118,706
Cosmetics - Toiletries 0.1%
	3,236,700	Sunshine Luxembourg VII SARL, Term Loan B3, (3M USD LIBOR + 3.75%), 4.50%, due 10/1/2026		3,235,179
Diversified Insurance 0.2%
	1,137,150	Gainwell Acquisition Corp., Term Loan B, (3M USD LIBOR + 4.00%), 4.75%, due 10/1/2027		1,137,150
		Hub International Limited
	2,157,729	Term Loan B, (USD LIBOR + 3.25%), due 4/25/2025		2,154,363	^(d)(e)
	2,277,024	Term Loan B, (3M USD LIBOR + 3.00%), 3.15% – 3.18%, due 4/25/2025		2,245,510	^(c)
				5,537,023
Drugs 0.0%^(f)
	1,317,881	Bausch Health Companies Inc., Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 6/2/2025		1,315,324
Electronics - Electrical 1.1%
	4,266,036	Applied Systems, Inc., First Lien Term Loan, (3M USD LIBOR + 2.00%, 3M USD LIBOR + 3.00%), 3.50% – 5.25%, due 9/19/2024		4,247,393	^(c)
	327,084	Barracuda Networks, Inc., First Lien Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 2/12/2025		326,430
	1,002,425	By Crown Parent, LLC, Term Loan B1, (1M USD LIBOR + 3.00%), 4.00%, due 2/2/2026		1,001,172
	1,321,713	CommScope, Inc., Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 4/6/2026		1,310,981
	2,009,900	Epicor Software Corporation, Term Loan, (1M USD LIBOR + 3.25%), 4.00%, due 7/30/2027		2,005,780
	889,862	Flexera Software LLC, Term Loan B, (3M USD LIBOR + 3.75%), 4.50%, due 3/3/2028		891,135
	1,904,691	Hyland Software, Inc., First Lien Term Loan, (1M USD LIBOR + 3.50%), 4.25%, due 7/1/2024		1,905,281
	1,620,000	Ingram Micro Inc., Term Loan B, (USD LIBOR + 3.50%), due 3/31/2028		1,620,000	^(d)(e)
		Ivanti Software, Inc.
	395,000	Term Loan B, (3M USD LIBOR + 4.00%), 4.75%, due 12/1/2027		388,088
	1,255,000	Term Loan B, (3M USD LIBOR + 4.75%), 5.75%, due 12/1/2027		1,247,420	^(d)(e)
	1,935,187	McAfee, LLC, Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 9/30/2024		1,933,735

See Notes to Financial Statements

144

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	1,637,594	Poseidon Intermediate LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 8/18/2025	$	1,636,235
	2,148,923	Project Alpha Intermediate Holding, Inc., Term Loan B, (1M USD LIBOR + 4.00%), 4.12%, due 4/26/2024		2,140,864
	4,305,000	Rackspace Technology Global, Inc., Term Loan, (3M USD LIBOR + 2.75%), 3.50%, due 2/15/2028		4,267,805
	1,167,903	Redstone Buyer LLC, Term Loan, (USD LIBOR + 4.75%), due 4/15/2028		1,155,734	^(d)(e)
	1,051,338	Sirius Computer Solutions, Inc., Term Loan, (1M USD LIBOR + 3.50%), 3.61%, due 7/1/2026		1,046,144
	1,167,075	Sophia, L.P., First Lien Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 10/7/2027		1,166,106
	2,335,526	Tibco Software Inc., Term Loan B3, (1M USD LIBOR + 3.75%), 3.87%, due 6/30/2026		2,317,262
	1,413,463	Uber Technologies, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 3.61%, due 2/16/2027		1,409,929	^(d)(e)
	1,074,553	Ultimate Software Group Inc. (The), Term Loan, (3M USD LIBOR + 3.25%), 4.00%, due 5/4/2026		1,074,886
	405,900	VS Buyer, LLC, Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 2/28/2027		402,348
	1,149,457	ZoomInfo LLC, Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 2/2/2026		1,146,940
				34,641,668
Financial Intermediaries 0.4%
	1,770,657	AssuredPartners, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 3.61%, due 2/12/2027 Asurion LLC		1,752,401
	1,090,000	Term Loan B6, (1M USD LIBOR + 3.00%), 3.11%, due 11/3/2023		1,087,046
	1,993,598	Term Loan B7, (1M USD LIBOR + 3.00%), 3.11%, due 11/3/2024		1,981,138
	160,000	Term Loan B9, (1M USD LIBOR + 3.25%), 3.36%, due 7/31/2027		158,766
	703,238	Camelot U.S. Acquisition 1 Co., Term Loan B, (1M USD LIBOR + 3.00%), 4.00%, due 10/30/2026		703,238
	1,080,000	Citadel Securities LP, Term Loan B, (1M USD LIBOR + 2.50%), 2.61%, due 2/29/2028		1,069,200
	1,214,509	Edelman Financial Center, LLC, Term Loan B, (1M USD LIBOR + 3.50%), 4.25%, due 4/7/2028		1,208,595
	1,162,087	GT Polaris, Inc., Term Loan, (3M USD LIBOR + 3.75%), 4.50%, due 9/24/2027		1,160,275
	458,176	PI US MergerCo, Inc., First Lien Term Loan, (1M USD LIBOR + 3.50%), 4.50%, due 1/3/2025		457,433
		Sedgwick Claims Management Services, Inc.
	1,620,855	Term Loan B, (USD LIBOR + 3.25%), due 12/31/2025		1,596,753	^(d)(e)
	540,375	Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 9/3/2026		537,241
				11,712,086
Health Care 0.9%
		Agiliti Health, Inc.
	687,980	Term Loan, (1M USD LIBOR + 2.75%), 2.88%, due 1/4/2026		681,100
	407,532	Term Loan, (1M USD LIBOR + 2.75%), 3.50%, due 1/4/2026		404,476	^(g)
	3,206,401	Athenahealth, Inc., Term Loan B1, (3M USD LIBOR + 4.25%), 4.45%, due 2/11/2026		3,214,417
		Aveanna Healthcare, LLC
	1,643,676	First Lien Term Loan, (3M USD LIBOR + 4.25%), 5.25%, due 3/18/2024		1,638,022
	149,250	Term Loan, (3M USD LIBOR + 6.25%), 7.25%, due 3/18/2024		149,126
	1,390,211	Emerald TopCo Inc., Term Loan, (3M USD LIBOR + 3.50%), 3.61%, due 7/24/2026		1,376,657
	932,633	Ensemble RCM, LLC, Term Loan, (USD LIBOR + 3.75%), due 8/3/2026		929,798	^(d)(e)
	2,257,563	Envision Healthcare Corporation, First Lien Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 10/10/2025		1,888,248
	639,475	EyeCare Partners, LLC, Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 2/18/2027		630,925
	1,098,572	Heartland Dental, LLC, First Lien Term Loan, (1M USD LIBOR + 3.50%), 3.61%, due 4/30/2025		1,082,841	^(d)(e)

See Notes to Financial Statements

145

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	1,620,000	MedRisk, Inc., Term Loan B, (USD LIBOR + 3.75%), due 4/1/2028	$	1,611,220	^(d)(e)
	1,774,249	MPH Acquisition Holdings LLC, Term Loan B, (3M USD LIBOR + 2.75%), 3.75%,		1,764,278
		due 6/7/2023
	920,700	Navicure, Inc., Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 10/22/2026		916,096	^(g)
	511,417	Ortho-Clinical Diagnostics SA, Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 6/30/2025		510,521
	964,601	Parexel International Corporation, Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 9/27/2024		955,360
	730,633	Pearl Intermediate Parent LLC, Term Loan, (1M USD LIBOR + 3.25%), 3.36%, due 2/14/2025		725,460
	868,388	PetVet Care Centers, LLC, Term Loan B3, (1M USD LIBOR + 3.50%), 4.25%, due 2/14/2025		866,217
	1,107,702	RegionalCare Hospital Partners Holdings, Inc., Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 11/16/2025		1,103,017
	1,681,707	Select Medical Corporation, Term Loan B, (1M USD LIBOR + 2.25%), 2.37%, due 3/6/2025		1,661,745
	2,245,823	Team Health Holdings, Inc., First Lien Term Loan, (1M USD LIBOR + 2.75%), 3.75%, due 2/6/2024		2,087,851
	3,315,250	Verscend Holding Corp., Term Loan B, (3M USD LIBOR + 4.00%), 4.18%, due 8/27/2025		3,312,134
				27,509,509
Industrial Equipment 0.2%
	978,629	Brookfield WEC Holdings Inc., Term Loan, (1M USD LIBOR + 2.75%), 3.25%, due 8/1/2025		966,885
	1,079,616	Circor International, Inc., Term Loan B, (1M USD LIBOR + 3.25%), 4.25%, due 12/11/2024		1,073,679
	587,013	Crosby US Acquisition Corp., Term Loan B, (1M USD LIBOR + 4.75%), 4.86%, due 6/26/2026		581,859
	1,004,951	Filtration Group Corporation, First Lien Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 3/29/2025		994,067
	705,338	Granite Holdings US Acquisition Co., Term Loan B, (3M USD LIBOR + 4.00%), 4.20%, due 9/30/2026		702,693	^(g)
	844,678	Pro Mach Group, Inc., Term Loan, (1M USD LIBOR + 3.50%, 3M USD LIBOR + 3.50%), 4.50%, due 3/7/2025		842,566	^(c)
				5,161,749
Leisure Goods - Activities - Movies 0.3%
	636,800	Banijay Entertainment S.A.S, Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 3/1/2025		632,291
	1,533,412	Carnival Corporation, Term Loan B, (1M USD LIBOR + 7.50%), 8.50%, due 6/30/2025		1,577,498
	783,875	Creative Artists Agency, LLC, Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 11/26/2026		776,279
	855,000	Delta 2 (LUX) S.a.r.l., Term Loan, (1M USD LIBOR + 2.50%), 3.50%, due 2/1/2024		849,195
	554,681	Emerald Expositions Holding, Inc., Term Loan B, (1M USD LIBOR + 2.50%), 2.61%, due 5/22/2024		535,545
	1,078,671	Life Time Fitness Inc., Term Loan B, (3M USD LIBOR + 4.75%), 5.75%, due 12/16/2024		1,082,047
	1,620,000	Playtika Holding Corp, Term Loan, (1M USD LIBOR + 2.75%), 2.86%, due 3/13/2028		1,610,685
	770,200	SeaWorld Parks & Entertainment, Inc., Term Loan B5, (1M USD LIBOR + 3.00%), 3.75%, due 3/31/2024		760,572
				7,824,112

See Notes to Financial Statements

146

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Lodging & Casinos 0.1%
		Caesars Resort Collection, LLC
$	955,960	First Lien Term Loan B, (1M USD LIBOR + 2.75%), 2.86%, due 12/23/2024	$	944,843
	1,169,125	Term Loan B1, (1M USD LIBOR + 4.50%), 4.61%, due 7/21/2025		1,171,802
	968,737	Golden Entertainment, Inc., First Lien Term Loan, (1M USD LIBOR + 3.00%), 3.75%, due 10/21/2024		959,854
	684,509	Scientific Games International, Inc., Term Loan B5, (1M USD LIBOR + 2.75%), 2.86%, due 8/14/2024		674,111
				3,750,610
Nonferrous Metals/Minerals 0.0%^(f)
	1,128,973	Covia Holdings Corporation, Term Loan, (3M USD LIBOR + 4.00%), 5.00%, due 7/31/2026		1,087,111
Oil & Gas 0.3%
	1,207,000	Ascent Resources - Utica, Second Lien Term Loan, (3M USD LIBOR + 9.00%), 10.00%, due 11/1/2025		1,335,751
	1,307,877	BCP Renaissance Parent LLC, Term Loan B, (3M USD LIBOR + 3.50%), 4.50%, due 10/31/2024		1,279,156
	1,348,916	Lucid Energy Group II Borrower, LLC, First Lien Term Loan, (1M USD LIBOR + 3.00%), 4.00%, due 2/17/2025		1,327,482
	1,145,660	Medallion Midland Acquisition, LLC, First Lien Term Loan, (1M USD LIBOR + 3.25%), 4.25%, due 10/30/2024		1,133,390
	2,185,523	Oryx Midstream Holdings LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.11%, due 5/22/2026		2,150,009
	1,650,529	Prairie ECI Acquiror LP, Term Loan B, (1M USD LIBOR + 4.75%), 4.86%, due 3/11/2026		1,601,425
	1,105,888	Traverse Midstream Partners LLC, Term Loan, (1M USD LIBOR + 5.50%), 6.50%, due 9/27/2024		1,104,848
				9,932,061
Property & Casualty Insurance 0.1%
	1,907,057	Alliant Holdings Intermediate, LLC, Term Loan B, (1M USD LIBOR + 3.25%), 3.36%, due 5/9/2025		1,881,922
Radio & Television 0.0%^(f)
	1,337,874	Univision Communications Inc., Term Loan C5, (1M USD LIBOR + 2.75%), 2.86%, due 3/15/2024		1,333,044
Retailers (except food & drug) 0.2%
		EG America LLC
	1,655,027	Term Loan, (3M USD LIBOR + 4.00%), 4.20%, due 2/7/2025		1,630,201
	61,593	Second Lien Term Loan, (3M USD LIBOR + 8.00%), 9.00%, due 4/20/2026		61,439
	520,000	EG Group Limited, Term Loan, (USD LIBOR + 4.25%), due 3/10/2026		516,100	^(d)(e)
	3,236,887	Great Outdoors Group, LLC, Term Loan B, (6M USD LIBOR + 4.25%), 5.00%, due 3/6/2028		3,248,023
	1,080,000	Petco Health and Wellness Company, Inc., Term Loan B, (3M USD LIBOR + 3.25%), 4.00%, due 3/3/2028		1,073,099
				6,528,862

See Notes to Financial Statements

147

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Steel 0.1%
$	650,991	MRC Global (US) Inc., First Lien Term Loan B, (1M USD LIBOR + 3.00%), 3.11%, due 9/20/2024	$	647,736	^(g)
	863,538	TMS International Corp., Term Loan B2, (1M USD LIBOR + 2.75%, 3M USD LIBOR + 2.75%), 3.75%, due 8/14/2024		861,380	^(c)(g)
				1,509,116
Surface Transport 0.0%^(f)
		Hertz Corporation, (The)
	566,241	Term Loan DIP DD, (1M USD LIBOR + 7.25%, 3M USD LIBOR + 7.25%), 8.25%, due 12/31/2021		568,835	^(c)
	542,115	Term Loan B, (1M USD LIBOR + 2.75%), 3.50%, due 6/30/2023		543,470
				1,112,305
Telecommunications 0.3%
	1,518,473	CenturyLink, Inc., Term Loan B, (1M USD LIBOR + 2.25%), 2.36%, due 3/15/2027		1,499,872
	474,813	Consolidated Communications, Inc., Term Loan B, (1M USD LIBOR + 3.50%), 4.25%, due 10/2/2027		473,626
	1,345,072	GTT Communications, Inc., Term Loan B, (3M USD LIBOR + 2.75%), 2.95%, due 5/31/2025		1,150,776
		Intelsat Jackson Holdings S.A.
	641,383	Term Loan DIP, (3M USD LIBOR + 3.60%, 3M USD LIBOR + 5.50%), 6.50%, due 7/13/2022		647,797
	1,337,500	Term Loan B3, (1M USD LIBOR + 4.75%), 8.00%, due 11/27/2023		1,357,736
	2,176,645	Iridium Satellite LLC, Term Loan B, (1M USD LIBOR + 2.75%), 3.75%, due 11/4/2026		2,179,366
	937,730	MTN Infrastructure TopCo Inc., First Lien Term Loan B, (1M USD LIBOR + 3.00%), 4.00%, due 11/15/2024		936,164
	881,882	Zayo Group Holdings, Inc., Term Loan, (1M USD LIBOR + 3.00%), 3.11%, due 3/9/2027		872,472
				9,117,809
Utilities 0.4%
	1,905,260	Blackstone CQP Holdco LP, Term Loan B, (3M USD LIBOR + 3.50%), 3.69%, due 9/30/2024		1,901,983
	1,083,152	Eastern Power, LLC, Term Loan B, (3M USD LIBOR + 3.75%), 4.75%, due 10/2/2025		997,269
	984,395	Edgewater Generation, L.L.C., Term Loan, (1M USD LIBOR + 3.75%), 3.86%, due 12/13/2025		950,758
	4,310,670	Granite Generation LLC, Term Loan B, (1M USD LIBOR + 3.75%, 3M USD LIBOR + 3.75%), 4.75%, due 11/9/2026		4,295,410	^(c)
	723,507	Kestrel Acquisition, LLC, Term Loan B, (6M USD LIBOR + 4.25%), 5.25%, due 6/2/2025		657,183
		Lonestar II Generation Holdings LLC
	991,391	Term Loan B, (1M USD LIBOR + 5.00%), 5.11%, due 4/20/2026		967,846
	121,086	Term Loan C, (1M USD LIBOR + 5.00%), 5.11%, due 4/20/2026		118,210
	766,667	Nautilus Power, LLC, Term Loan B, (1M USD LIBOR + 4.25%), 5.25%, due 5/16/2024		752,568
	667,900	Talen Energy Supply, LLC, Term Loan B, (1M USD LIBOR + 3.75%), 3.86%, due 7/8/2026		649,252
				11,290,479
		Total Loan Assignments (Cost $212,774,222)		213,000,432

See Notes to Financial Statements

148

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
U.S. Treasury Obligations 6.1%
$	17,200,000	U.S. Treasury Bills, 0.10%, due 5/20/2021	$	17,199,919	^(h)(i)
	12,000,000	U.S. Treasury Bond, 1.88%, due 2/15/2051		10,916,250
		U.S. Treasury Inflation-Indexed Bonds^(j)
	2,230,021	0.63%, due 1/15/2026		2,502,588
	5,863,440	0.50%, due 1/15/2028		6,605,074
	31,578,573	0.13%, due 1/15/2030 – 7/15/2030		34,605,219
	33,903,311	1.00%, due 2/15/2046 – 2/15/2048		42,439,242
	25,294,833	0.25%, due 2/15/2050		26,962,382
	44,260,000	U.S. Treasury Note, 1.25%, due 3/31/2028		44,128,603
		Total U.S. Treasury Obligations (Cost $179,998,267)		185,359,277
U.S. Government Agency Securities 0.1%
	2,030,000	Federal National Mortgage Association, 5.63%, due 7/15/2037 (Cost $2,835,428)		3,038,050
Mortgage-Backed Securities 25.1%
Collateralized Mortgage Obligations 7.9%
		Connecticut Avenue Securities Trust
	11,291,694	Ser. 2019-R04, Class 2M2, (1M USD LIBOR + 2.10%), 2.21%, due 6/25/2039		11,326,981	^(b)(k)
	2,847,826	Ser. 2019-R06, Class 2M2, (1M USD LIBOR + 2.10%), 2.21%, due 9/25/2039		2,858,781	^(b)(k)
		Fannie Mae Connecticut Avenue Securities
	4,628,778	Ser. 2017-C02, Class 2ED3, (1M USD LIBOR + 1.35%), 1.46%, due 9/25/2029		4,649,194	^(b)
	15,578,800	Ser. 2017-C02, Class 2M2, (1M USD LIBOR + 3.65%), 3.76%, due 9/25/2029		16,126,459	^(b)(l)
	19,149,709	Ser. 2017-C03, Class 1M2, (1M USD LIBOR + 3.00%), 3.11%, due 10/25/2029		19,678,770	^(b)
	5,833,495	Ser. 2017-C04, Class 2M2, (1M USD LIBOR + 2.85%), 2.96%, due 11/25/2029		5,970,212	^(b)
	989,606	Ser. 2017-C05, Class 1M2, (1M USD LIBOR + 2.20%), 2.31%, due 1/25/2030		1,002,390	^(b)
	562,128	Ser. 2017-C05, Class 1M2A, (1M USD LIBOR + 2.20%), 2.31%, due 1/25/2030		563,963	^(b)
	13,758,852	Ser. 2017-C06, Class 1M2, (1M USD LIBOR + 2.65%), 2.76%, due 2/25/2030		14,012,934	^(b)
	6,611,886	Ser. 2017-C06, Class 2M2, (1M USD LIBOR + 2.80%), 2.91%, due 2/25/2030		6,744,737	^(b)
	1,858,381	Ser. 2017-C07, Class 1M2, (1M USD LIBOR + 2.40%), 2.51%, due 5/25/2030		1,872,542	^(b)
	10,910,985	Ser. 2017-C07, Class 2M2, (1M USD LIBOR + 2.50%), 2.61%, due 5/25/2030		11,035,569	^(b)(l)
	9,518,682	Ser. 2018-C01, Class 1M2, (1M USD LIBOR + 2.25%), 2.36%, due 7/25/2030		9,614,227	^(b)
	3,282,191	Ser. 2018-C02, Class 2M2, (1M USD LIBOR + 2.20%), 2.31%, due 8/25/2030		3,320,752	^(b)
	508,039	Ser. 2018-C04, Class 2M2, (1M USD LIBOR + 2.55%), 2.66%, due 12/25/2030		518,400	^(b)
	3,266,644	Ser. 2018-C05, Class 1M2, (1M USD LIBOR + 2.35%), 2.46%, due 1/25/2031		3,311,988	^(b)
	10,570,810	Fannie Mae Interest Strip, Ser. 413, Class C26, 4.00%, due 10/25/2041		1,569,406	^(m)
		Fannie Mae Real Estate Mortgage Investment Conduits
	4,568,805	Ser. 2012-96, Class PS, (6.70% – 1M USD LIBOR), 6.59%, due 7/25/2041		373,924	^(b)(m)
	9,056,097	Ser. 2019-49, Class DS, (6.15% – 1M USD LIBOR), 6.04%, due 6/25/2043		1,872,600	^(b)(m)
	12,700,599	Ser. 2018-18, Class ST, (6.10% – 1M USD LIBOR), 5.99%, due 12/25/2044		2,826,807	^(b)(m)
	6,341,616	Ser. 2016-8, Class SB, (6.10% – 1M USD LIBOR), 5.99%, due 3/25/2046		1,293,073	^(b)(m)
	5,692,262	Ser. 2016-31, Class HS, (6.00% – 1M USD LIBOR), 5.89%, due 6/25/2046		1,112,526	^(b)(m)
	6,581,886	Ser. 2016-67, Class KS, (6.00% – 1M USD LIBOR), 5.89%, due 9/25/2046		1,594,388	^(b)(m)
	9,778,101	Ser. 2016-62, Class SA, (6.00% – 1M USD LIBOR), 5.89%, due 9/25/2046		2,252,517	^(b)(m)
	12,821,641	Ser. 2019-33, Class SN, (6.10% – 1M USD LIBOR), 5.99%, due 7/25/2049		2,506,458	^(b)(m)
		Freddie Mac Real Estate Mortgage Investment Conduits
	7,529,446	Ser. 4117, Class IO, 4.00%, due 10/15/2042		1,206,064	^(m)
	9,176,021	Ser. 4150, Class SP, (6.15% – 1M USD LIBOR), 6.04%, due 1/15/2043		2,094,161	^(b)(m)
	4,959,080	Ser. 4456, Class SA, (6.15% – 1M USD LIBOR), 6.04%, due 3/15/2045		1,113,506	^(b)(m)
	5,280,262	Ser. 4627, Class SA, (6.00% – 1M USD LIBOR), 5.89%, due 10/15/2046		1,143,500	^(b)(m)
	7,753,254	Ser. 4994, Class LI, 4.00%, due 12/25/2048		1,469,302	^(m)
	7,343,678	Ser. 4953, Class BI, 4.50%, due 2/25/2050		1,403,270	^(m)

See Notes to Financial Statements

149

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		Freddie Mac Structured Agency Credit Risk Debt Notes
$	9,730,154	Ser. 2017-DNA1, Class M2, (1M USD LIBOR + 3.25%), 3.36%, due 7/25/2029	$	10,101,638	^(b)
	19,826,000	Ser. 2017-DNA2, Class M2, (1M USD LIBOR + 3.45%), 3.56%, due 10/25/2029		20,588,694	^(b)
	9,336,322	Ser. 2017-HQA2, Class M2, (1M USD LIBOR + 2.65%), 2.76%, due 12/25/2029		9,547,120	^(b)(l)
	16,454,000	Ser. 2017-DNA3, Class M2, (1M USD LIBOR + 2.50%), 2.61%, due 3/25/2030		16,827,106	^(b)
	2,344,474	Ser. 2017-HQA3, Class M2, (1M USD LIBOR + 2.35%), 2.46%, due 4/25/2030		2,380,643	^(b)
	5,497,976	Ser. 2018-DNA1, Class M2, (1M USD LIBOR + 1.80%), 1.91%, due 7/25/2030		5,497,974	^(b)
	12,659,821	Ser. 2018-HQA1, Class M2, (1M USD LIBOR + 2.30%), 2.41%, due 9/25/2030		12,786,836	^(b)
	5,000,000	Ser. 2019-HQA1, Class B1, (1M USD LIBOR + 4.40%), 4.51%, due 2/25/2049		5,199,942	^(b)(k)
	13,232,000	Ser. 2019-DNA2, Class B1, (1M USD LIBOR + 4.35%), 4.46%, due 3/25/2049		13,579,011	^(b)(k)
		Government National Mortgage Association
	2,871,067	Ser. 2013-186, Class SA, (6.10% – 1M USD LIBOR), 5.98%, due 12/16/2043		530,164	^(b)(m)
	12,033,894	Ser. 2015-144, Class HS, (6.20% – 1M USD LIBOR), 6.08%, due 10/20/2045		2,449,669	^(b)(m)
	8,559,317	Ser. 2015-187, Class AI, 4.50%, due 12/20/2045		1,334,769	^(m)
	11,895,903	Ser. 2017-112, Class KS, (6.20% – 1M USD LIBOR), 6.08%, due 7/20/2047		2,474,614	^(b)(m)
	314,037	JP Morgan Alternative Loan Trust, Ser. 2006-A5, Class 1A1, (1M USD LIBOR + 0.32%), 0.43%, due 10/25/2036		311,220	^(b)
				240,048,801
Commercial Mortgage-Backed 1.4%
		Citigroup Commercial Mortgage Trust
	1,000,000	Ser. 2012-GC8, Class B, 4.29%, due 9/10/2045		1,018,126	^(k)
	49,601,463	Ser. 2014-GC25, Class XA, 1.14%, due 10/10/2047		1,373,956	^(m)(n)
	28,391,423	Ser. 2015-GC27, Class XA, 1.48%, due 2/10/2048		1,171,972	^(m)(n)
		Commercial Mortgage Trust
	158,913	Ser. 2012-CR3, Class XA, 2.00%, due 10/15/2045		2,828	^(m)(n)
	6,200,000	Ser. 2012 -CR4, Class AM, 3.25%, due 10/15/2045		6,264,955
	30,793,351	Ser. 2014-CR16, Class XA, 1.13%, due 4/10/2047		745,525	^(m)(n)
	27,447,769	Ser. 2014-CR17, Class XA, 1.13%, due 5/10/2047		647,899	^(m)(n)
	39,940,345	Ser. 2014-UBS3, Class XA, 1.23%, due 6/10/2047		1,103,875	^(m)(n)
	46,844,501	Ser. 2014-UBS6, Class XA, 1.03%, due 12/10/2047		1,173,755	^(m)(n)
	33,820,748	CSAIL Commercial Mortgage Trust, Ser. 2015-C2, Class XA, 0.89%, due 6/15/2057		838,322	^(m)(n)
		Freddie Mac Multiclass Certificates
	61,820,000	Ser. 2020-RR03, Class X1, 1.71%, due 7/27/2028		6,821,287	^(m)
	27,400,000	Ser. 2020-RR02, Class DX, 1.82%, due 9/27/2028		3,269,541	^(m)(n)
	65,436,000	Ser. 2020-RR04, Class X, 2.13%, due 2/27/2029		9,211,727	^(m)(n)
	18,835,000	Ser. 2020-RR02, Class CX, 1.27%, due 3/27/2029		1,658,972	^(m)(n)
		Freddie Mac Multifamily Structured Pass Through Certificates
	70,984,000	Ser. K083, Class XAM, 0.19%, due 10/25/2028		487,646	^(m)(n)
	77,922,000	Ser. K085, Class XAM, 0.20%, due 10/25/2028		594,272	^(m)(n)
		GS Mortgage Securities Trust
	120,613	Ser. 2011-GC5, Class XA, 1.13%, due 8/10/2044		11	^(k)(m)(n)
	57,345,135	Ser. 2014-GC18, Class XA, 1.17%, due 1/10/2047		1,286,481	^(m)(n)
	44,091,824	Ser. 2015-GC30, Class XA, 0.88%, due 5/10/2050		1,132,384	^(m)(n)
	279,991	Morgan Stanley Capital I Trust, Ser. 2011-C3, Class XA, 0.56%, due 7/15/2049		2	^(k)(m)(n)
		WF-RBS Commercial Mortgage Trust
	179,984	Ser. 2012-C6, Class XA, 2.24%, due 4/15/2045		778	^(k)(m)(n)
	102,868,000	Ser. 2013-C14, Class XB, 0.26%, due 6/15/2046		438,341	^(m)(n)
	32,811,171	Ser. 2014-C21, Class XA, 1.18%, due 8/15/2047		873,282	^(m)(n)
	55,084,771	Ser. 2014-C25, Class XA, 0.96%, due 11/15/2047		1,287,226	^(m)(n)
	16,162,798	Ser. 2014-C22, Class XA, 0.95%, due 9/15/2057		343,745	^(m)(n)
				41,746,908

See Notes to Financial Statements

150

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Ginnie Mae 4.4%
		Pass-Through Certificates
$	519	7.00%, due 8/15/2032	$	625
	128,410,000	2.50%, TBA, 30 Year Maturity		133,476,175	^(o)
				133,476,800
Uniform Mortgage-Backed Securities 11.4%
		Pass-Through Certificates
	49,330,000	2.00%, TBA, 30 Year Maturity		49,940,098	^(o)
	240,420,000	2.50%, TBA, 30 Year Maturity		249,416,966	^(o)
	45,195,000	3.00%, TBA, 30 Year Maturity		47,338,232	^(o)
				346,695,296
		Total Mortgage-Backed Securities (Cost $779,020,645)		761,967,805
Corporate Bonds 55.9%
ABS Automobile 0.0%^(f)
		AA Bond Co. Ltd.
GBP	335,000	6.50%, due 1/31/2026		479,691	^(k)
GBP	150,000	6.50%, due 1/31/2026		214,787	^(p)
				694,478
ABS Miscellaneous 0.1%
		CPUK Finance Ltd.
GBP	1,041,667	4.25%, due 8/28/2022		1,449,670	^(p)
GBP	745,000	6.50%, due 8/28/2026		1,093,230	^(p)
				2,542,900
Advertising 0.3%
$	1,625,000	Cars.com, Inc., 6.38%, due 11/1/2028		1,697,833	^(k)
	2,045,000	Nielsen Co. Luxembourg S.a.r.l., 5.00%, due 2/1/2025		2,098,681	^(k)
		Nielsen Finance LLC/Nielsen Finance Co.
	2,240,000	5.63%, due 10/1/2028		2,388,400	^(k)
	2,630,000	5.88%, due 10/1/2030		2,879,850	^(k)
				9,064,764
Aerospace & Defense 1.6%
	9,980,000	Boeing Co., 5.81%, due 5/1/2050		12,812,890	^(l)
	150,000	Embraer Overseas Ltd., 5.70%, due 9/16/2023		159,030	^(p)
		Rolls-Royce PLC
EUR	220,000	4.63%, due 2/16/2026		285,322	^(p)
GBP	1,500,000	5.75%, due 10/15/2027		2,251,572	^(p)
$	3,205,000	Science Applications Int'l Corp., 4.88%, due 4/1/2028		3,305,156	^(k)
	2,680,000	Spirit AeroSystems, Inc., 7.50%, due 4/15/2025		2,871,700	^(k)
		TransDigm, Inc.
	3,850,000	6.25%, due 3/15/2026		4,076,188	^(k)
	1,935,000	6.38%, due 6/15/2026		2,006,353
	4,765,000	7.50%, due 3/15/2027		5,104,506
	7,035,000	5.50%, due 11/15/2027		7,320,621

See Notes to Financial Statements

151

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	1,080,000	4.63%, due 1/15/2029	$	1,064,351	^(k)
	7,015,000	4.88%, due 5/1/2029		6,909,775	^(k)
				48,167,464
Agriculture 0.5%
		BAT Capital Corp.
	545,000	(3M USD LIBOR + 0.88%), 1.07%, due 8/15/2022		548,577	^(b)
	5,115,000	4.91%, due 4/2/2030		5,768,371
	9,060,000	3.73%, due 9/25/2040		8,458,264	^(l)
	1,285,000	MHP SA, 7.75%, due 5/10/2024		1,355,469	^(k)
				16,130,681
Air Transportation 1.1%
		American Airlines Group, Inc.
	3,155,000	5.00%, due 6/1/2022		3,131,337	^(k)(q)
	2,065,000	3.75%, due 3/1/2025		1,814,619	^(k)(q)
		American Airlines, Inc./AAdvantage Loyalty IP Ltd.
	4,090,000	5.50%, due 4/20/2026		4,294,500	^(k)
	3,330,000	5.75%, due 4/20/2029		3,568,095	^(k)
	3,775,000	Delta Air Lines, Inc., 7.38%, due 1/15/2026		4,434,208
	3,700,000	Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, due 10/20/2028		4,063,056	^(k)
	281,445	United Airlines Pass Through Trust, Ser. 2020-1, Class B, 4.88%, due 1/15/2026		293,914
		United Airlines, Inc.
	8,755,000	4.38%, due 4/15/2026		9,085,239	^(k)
	1,270,000	4.63%, due 4/15/2029		1,319,784	^(k)
	500,000	United Continental Holdings, Inc., 4.25%, due 10/1/2022		509,795
				32,514,547
Airlines 0.1%
	3,054,797	United Airlines Pass Through Trust, Ser. 2020-1, Class A, 5.88%, due 10/15/2027		3,379,231
	650,000	Unity 1 Sukuk Ltd., 3.86%, due 11/30/2021		660,362	^(p)
				4,039,593
Apparel 0.0%^(f)
EUR	222,000	PVH Corp., 3.13%, due 12/15/2027		300,658	^(p)
$	455,000	William Carter Co., 5.63%, due 3/15/2027		478,319	^(k)
				778,977
Auto Loans 0.2%
		Ford Motor Credit Co. LLC
	5,480,000	4.39%, due 1/8/2026		5,849,900
	1,510,000	5.11%, due 5/3/2029		1,649,222
				7,499,122
Auto Manufacturers 0.6%
	750,000	BMW U.S. Capital LLC, (3M USD LIBOR + 0.50%), 0.70%, due 8/13/2021		751,036	^(b)(k)
	500,000	Daimler Finance N.A. LLC, (3M USD LIBOR + 0.90%), 1.09%, due 2/15/2022		502,876	^(b)(k)

See Notes to Financial Statements

152

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	9,685,000	General Motors Co., 6.13%, due 10/1/2025	$	11,494,209	^(l)
	4,075,000	General Motors Financial Co., Inc., 5.10%, due 1/17/2024		4,507,113
EUR	200,000	Stellantis NV, 4.50%, due 7/7/2028		299,710	^(p)
$	1,135,000	Toyota Motor Credit Corp., (3M USD LIBOR + 0.15%), 0.35%, due 2/14/2022		1,135,914	^(b)
	335,000	Volkswagen Group of America Finance LLC, (3M USD LIBOR + 0.94%), 1.14%, due 11/12/2021		336,440	^(b)(k)
EUR	200,000	Volkswagen International Finance NV, 3.88%, due 6/17/2029		265,096	^(p)(r)(s)
				19,292,394
Auto Parts & Equipment 0.5%
		American Axle & Manufacturing, Inc.
$	755,000	6.50%, due 4/1/2027		797,469	^(q)
	2,465,000	6.88%, due 7/1/2028		2,634,469	^(q)
	2,100,000	Clarios Global L.P./Clarios U.S. Finance Co., 8.50%, due 5/15/2027		2,268,000	^(k)
	1,385,000	Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028		1,462,906	^(k)
EUR	285,000	Faurecia SE, 3.75%, due 6/15/2028		363,036	^(p)
$	2,760,000	Goodyear Tire & Rubber Co., 9.50%, due 5/31/2025		3,111,900
EUR	460,000	Grupo Antolin-Irausa SA, 3.25%, due 4/30/2024		553,682	^(p)
EUR	435,000	Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 4.38%, due 5/15/2026		539,975	^(p)
EUR	800,000	Schaeffler AG, 3.38%, due 10/12/2028		1,050,682	^(p)
EUR	1,300,000	ZF Europe Finance BV, 3.00%, due 10/23/2029		1,637,851	^(p)
				14,419,970
Automakers 0.6%
		Ford Motor Co.
$	1,415,000	9.63%, due 4/22/2030		1,984,538
	365,000	7.45%, due 7/16/2031		469,481
	8,700,000	4.75%, due 1/15/2043		8,772,645	^(l)
	5,545,000	5.29%, due 12/8/2046		5,838,330
EUR	590,000	Jaguar Land Rover Automotive PLC, 4.50%, due 1/15/2026		732,423	^(p)
EUR	300,000	Renault SA, 2.00%, due 9/28/2026		356,588	^(p)
				18,154,005
Banks 5.1%
$	500,000	ABN AMRO Bank NV, (3M USD LIBOR + 0.57%), 0.76%, due 8/27/2021		500,805	^(b)(k)
	1,290,000	Akbank TAS, 6.80%, due 2/6/2026		1,333,499	^(k)
EUR	293,000	AMCO - Asset Management Co. SpA, 1.38%, due 1/27/2025		366,233	^(p)
$	1,600,000	Banco Bilbao Vizcaya Argentaria SA, Ser. 9, 6.50%, due 3/5/2025		1,751,920	^(r)(s)
	200,000	Banco Bradesco SA, 3.20%, due 1/27/2025		205,000	^(k)
	200,000	Banco Davivienda SA, 5.88%, due 7/9/2022		209,602	^(p)
		Banco de Bogota SA
	1,310,000	6.25%, due 5/12/2026		1,461,960	^(k)
	200,000	6.25%, due 5/12/2026		223,200	^(p)
	90,000	Banco de Credito del Peru, 2.70%, due 1/11/2025		91,800	^(k)
		Banco do Brasil SA
	200,000	3.88%, due 10/10/2022		206,570
	1,090,000	9.00%, due 6/18/2024		1,191,381	^(k)(q)(r)(s)
	200,000	Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.13%, due 6/6/2024		214,252	^(p)
	150,000	Banco Int'l del Peru SAA Interbank, 3.38%, due 1/18/2023		153,000	^(p)
	150,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, 5.38%, due 4/17/2025		169,001	^(k)

See Notes to Financial Statements

153

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	2,600,000	Banco Santander SA, 7.50%, due 2/8/2024	$	2,866,500	^(p)(r)(s)
	211,000	Banco Votorantim SA, 4.50%, due 9/24/2024		221,552	^(k)
	200,000	Bancolombia SA, 3.00%, due 1/29/2025		205,002
	1,080,000	Bangkok Bank PCL, 3.73%, due 9/25/2034		1,096,794	^(k)(r)
		Bank of America Corp.
	1,365,000	(3M USD LIBOR + 1.00%), 1.18%, due 4/24/2023		1,375,546	^(b)
	1,296,000	Ser. JJ, 5.13%, due 6/20/2024		1,397,256	^(r)(s)
	1,528,000	Ser. X, 6.25%, due 9/5/2024		1,703,720	^(r)(s)
	1,233,000	Bank of New York Mellon Corp., Ser. F, 4.63%, due 9/20/2026		1,310,679	^(r)(s)
	2,865,000	Barclays PLC, 6.13%, due 12/15/2025		3,168,174	^(r)(s)
	200,000	BBK BSC, 5.50%, due 7/9/2024		211,765	^(p)
	200,000	BBVA Bancomer SA, 6.75%, due 9/30/2022		214,964	^(p)
		BNP Paribas SA
	1,237,000	6.63%, due 3/25/2024		1,358,844	^(k)(r)(s)
	1,120,000	7.38%, due 8/19/2025		1,306,939	^(k)(r)(s)
	1,285,000	4.50%, due 2/25/2030		1,283,072	^(k)(q)(r)(s)
	675,000	4.63%, due 2/25/2031		685,125	^(k)(q)(r)(s)
		Citigroup, Inc.
	1,180,000	(3M USD LIBOR + 1.10%), 1.29%, due 5/17/2024		1,196,095	^(b)
	1,320,000	Ser. U, 5.00%, due 9/12/2024		1,386,000	^(r)(s)
	865,000	Ser. V, 4.70%, due 1/30/2025		881,046	^(r)(s)
	2,000,000	Ser. W, 4.00%, due 12/10/2025		2,025,600	^(r)(s)
		Citizens Financial Group, Inc.
	2,400,000	Ser. B, 6.00%, due 7/6/2023		2,493,000	^(r)(s)
	1,203,000	Ser. C, 6.38%, due 4/6/2024		1,300,744	^(r)(s)
		Commerzbank AG
	1,400,000	7.00%, due 4/9/2025		1,508,500	^(p)(r)(s)
EUR	200,000	6.13%, due 10/9/2025		259,085	^(p)(r)(s)
$	8,990,000	Commonwealth Bank of Australia, 2.69%, due 3/11/2031		8,789,948	^(k)
	206,000	Credit Bank of Moscow Via CBOM Finance PLC, 4.70%, due 1/29/2025		208,047	^(k)
	1,040,000	Credit Suisse AG, (SOFR + 0.45%), 0.46%, due 2/4/2022		1,039,543	^(b)
		Credit Suisse Group AG
	1,003,000	6.38%, due 8/21/2026		1,090,582	^(k)(r)(s)
	3,180,000	5.25%, due 2/11/2027		3,303,225	^(k)(r)(s)
	870,000	5.10%, due 1/24/2030		870,000	^(k)(r)(s)
	200,000	Development Bank of Mongolia LLC, 7.25%, due 10/23/2023		215,535	^(p)
EUR	200,000	Dexia Credit Local SA, 0.63%, due 1/17/2026		249,753	^(p)
		DIB Sukuk Ltd.
$	200,000	3.63%, due 2/6/2023		208,525	^(p)
	200,000	2.95%, due 1/16/2026		209,103	^(p)
	200,000	Emirates Development Bank PJSC, 3.52%, due 3/6/2024		212,977	^(p)
	2,860,000	Emirates NBD Bank PJSC, 6.13%, due 3/20/2025		3,073,070	^(p)(r)(s)
		Fifth Third Bancorp
	1,793,000	Ser. H, 5.10%, due 6/30/2023		1,849,031	^(r)(s)
	450,000	Ser. L, 4.50%, due 9/30/2025		479,813	^(r)(s)
		Goldman Sachs Group, Inc.
	1,340,000	(3M USD LIBOR + 1.60%), 1.79%, due 11/29/2023		1,380,476	^(b)
EUR	300,000	1.38%, due 5/15/2024		370,916	^(p)
$	509,000	Ser. Q, 5.50%, due 8/10/2024		556,083	^(r)(s)
	736,000	Ser. R, 4.95%, due 2/10/2025		791,237	^(r)(s)
	675,000	Ser. T, 3.80%, due 5/10/2026		675,338	^(r)(s)
	11,480,000	2.62%, due 4/22/2032		11,536,017	^(r)
		Grupo Aval Ltd.
	200,000	4.75%, due 9/26/2022		208,002	^(p)
	1,900,000	4.38%, due 2/4/2030		1,904,750	^(k)
	289,000	Gulf Int'l Bank BSC, 3.50%, due 3/25/2022		294,977	^(p)

See Notes to Financial Statements

154

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		HSBC Holdings PLC
$	1,510,000	4.00%, due 3/9/2026	$	1,518,538	^(r)(s)
	10,535,000	6.00%, due 5/22/2027		11,614,837	^(l)(r)(s)
	1,170,000	4.70%, due 3/9/2031		1,173,604	^(r)(s)
		Huntington Bancshares, Inc.
	1,643,000	Ser. E, 5.70%, due 4/15/2023		1,696,397	^(r)(s)
	480,000	Ser. F, 5.63%, due 7/15/2030		558,720	^(r)(s)
		ING Groep NV
	803,000	6.50%, due 4/16/2025		892,856	^(r)(s)
	2,895,000	5.75%, due 11/16/2026		3,191,419	^(r)(s)
EUR	240,000	Intesa Sanpaolo SpA, 1.00%, due 11/19/2026		295,834	^(p)
EUR	221,000	Islandsbanki HF, 1.13%, due 1/19/2024		269,369	^(p)(r)
$	200,000	Itau Unibanco Holding SA, 2.90%, due 1/24/2023		204,202	^(k)
		JPMorgan Chase & Co.
	861,000	Ser. CC, 4.63%, due 11/1/2022		864,986	^(r)(s)
	1,385,000	(3M USD LIBOR + 0.90%), 1.08%, due 4/25/2023		1,394,086	^(b)
	1,426,000	Ser. FF, 5.00%, due 8/1/2024		1,503,061	^(r)(s)
	792,000	Ser. HH, 4.60%, due 2/1/2025		816,750	^(r)(s)
	2,650,000	2.96%, due 5/13/2031		2,722,247	^(r)
	291,000	Korea Development Bank, (3M USD LIBOR + 0.48%), 0.68%, due 10/1/2022		291,961	^(b)
EUR	223,000	Landsbankinn HF, 0.50%, due 5/20/2024		269,086	^(p)
		Lloyds Banking Group PLC
$	1,345,000	7.50%, due 6/27/2024		1,519,675	^(r)(s)
	2,070,000	7.50%, due 9/27/2025		2,393,437	^(r)(s)
	665,000	M&T Bank Corp., Ser. G, 5.00%, due 8/1/2024		707,394	^(r)(s)
	200,000	Mashreqbank PSC, 4.25%, due 2/26/2024		214,519	^(p)
		Morgan Stanley
	4,915,000	Ser. H, (3M USD LIBOR + 3.61%), 3.79%, due 7/15/2021		4,932,202	^(b)(s)
	1,310,000	(SOFR + 0.70%), 0.71%, due 1/20/2023		1,312,595	^(b)
EUR	220,000	0.41%, due 10/29/2027		264,610	^(r)
EUR	200,000	Nationale-Nederlanden Bank NV, 1.00%, due 9/25/2028		258,646	^(p)
		Natwest Group PLC
$	2,000,000	6.00%, due 12/29/2025		2,212,400	^(r)(s)
	10,880,000	3.03%, due 11/28/2035		10,609,088	^(l)(r)
	200,000	Philippine National Bank, 3.28%, due 9/27/2024		210,320	^(p)
	200,000	QIB Sukuk Ltd., 3.25%, due 5/23/2022		204,610	^(p)
	200,000	QNB Finance Ltd., (3M USD LIBOR + 1.35%), 1.54%, due 5/31/2021		200,124	^(b)(p)
		QNB Finansbank AS
	200,000	4.88%, due 5/19/2022		202,658	^(p)
	1,270,000	6.88%, due 9/7/2024		1,345,725	^(k)
	885,000	Royal Bank of Canada, (3M USD LIBOR + 0.36%), 0.55%, due 1/17/2023		888,675	^(b)
	500,000	Santander UK PLC, (3M USD LIBOR + 0.62%), 0.81%, due 6/1/2021		500,244	^(b)
	200,000	Shinhan Bank Co. Ltd., 3.88%, due 12/7/2026		203,370	^(p)(r)
	3,400,000	Skandinaviska Enskilda Banken AB, 5.13%, due 5/13/2025		3,612,500	^(p)(r)(s)
	680,000	Toronto-Dominion Bank, (SOFR + 0.48%), 0.49%, due 1/27/2023		683,128	^(b)
		Truist Financial Corp.
	1,748,000	Ser. N, 4.80%, due 9/1/2024		1,850,258	^(r)(s)
	1,003,000	Ser. L, 5.05%, due 12/15/2024		1,039,075	^(r)(s)
	440,000	Ser. Q, 5.10%, due 3/1/2030		489,531	^(r)(s)
	200,000	Turkiye Vakiflar Bankasi TAO, 5.50%, due 10/27/2021		201,578	^(p)
	1,015,000	U.S. Bank N.A., (3M USD LIBOR + 0.40%), 0.59%, due 12/9/2022		1,019,581	^(b)
	825,000	UBS Group AG, 4.38%, due 2/10/2031		821,915	^(k)(r)(s)
	3,551,000	UBS Group Funding AG, 6.88%, due 8/7/2025		4,033,687	^(p)(r)(s)
		UniCredit SpA
	589,000	8.00%, due 6/3/2024		658,208	^(p)(r)(s)

See Notes to Financial Statements

155

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
EUR	250,000	3.88%, due 6/3/2027	$	279,147	^(p)(r)(s)
$	200,000	United Bank for Africa PLC, 7.75%, due 6/8/2022		206,191	^(p)
		Wells Fargo & Co.
	713,000	(3M USD LIBOR + 1.23%), 1.42%, due 10/31/2023		723,809	^(b)
	1,257,000	Ser. S, 5.90%, due 6/15/2024		1,364,335	^(r)(s)
	1,480,000	3.90%, due 3/15/2026		1,513,152	^(r)(s)
		Westpac Banking Corp.
	500,000	(3M USD LIBOR + 0.85%), 1.03%, due 8/19/2021		501,199	^(b)
	440,000	(3M USD LIBOR + 0.39%), 0.58%, due 1/13/2023		442,334	^(b)
				153,949,046
Beverages 0.5%
EUR	200,000	Anheuser-Busch InBev S.A., 2.88%, due 4/2/2032		292,449	^(p)
		Anheuser-Busch InBev Worldwide, Inc.
$	6,175,000	4.60%, due 4/15/2048		7,121,338	^(l)
	5,420,000	4.75%, due 4/15/2058		6,351,522
EUR	575,000	Sunshine Mid BV, 6.50%, due 5/15/2026		713,082	^(p)
				14,478,391
Biotechnology 0.0%^(f)
$	105,000	Gilead Sciences, Inc., (3M USD LIBOR + 0.52%), 0.71%, due 9/29/2023		105,109	^(b)
Building & Construction 0.7%
	6,625,000	MDC Holdings, Inc., 6.00%, due 1/15/2043		8,575,315
		Taylor Morrison Communities, Inc.
	1,410,000	5.88%, due 6/15/2027		1,600,350	^(k)
	2,940,000	5.75%, due 1/15/2028		3,318,525	^(k)
	2,800,000	5.13%, due 8/1/2030		3,084,088	^(k)
		TRI Pointe Group, Inc.
	1,235,000	5.25%, due 6/1/2027		1,327,625
	4,175,000	5.70%, due 6/15/2028		4,635,336
				22,541,239
Building Materials 0.5%
	525,000	Cemex SAB de CV, 5.20%, due 9/17/2030		571,305	^(k)
	2,250,000	Cornerstone Building Brands, Inc., 6.13%, due 1/15/2029		2,399,242	^(k)
		Jeld-Wen, Inc.
	655,000	4.63%, due 12/15/2025		668,100	^(k)
	1,835,000	4.88%, due 12/15/2027		1,917,575	^(k)
		Masonite Int'l Corp.
	1,230,000	5.75%, due 9/15/2026		1,276,125	^(k)
	1,100,000	5.38%, due 2/1/2028		1,160,500	^(k)
		Standard Industries, Inc.
	470,000	5.00%, due 2/15/2027		484,688	^(k)
	1,210,000	4.75%, due 1/15/2028		1,247,813	^(k)
	4,060,000	4.38%, due 7/15/2030		4,070,150	^(k)
EUR	420,000	Victoria PLC, 3.75%, due 3/15/2028		513,311	^(p)
$	200,000	Votorantim Cimentos Int'l SA, 7.25%, due 4/5/2041		261,002	^(p)
				14,569,811

See Notes to Financial Statements

156

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Cable & Satellite Television 1.7%
		CCO Holdings LLC/CCO Holdings Capital Corp.
$	3,210,000	5.00%, due 2/1/2028	$	3,354,450	^(k)
	2,135,000	4.75%, due 3/1/2030		2,228,406	^(k)
	6,075,000	4.50%, due 8/15/2030		6,180,644	^(k)
	1,205,000	4.25%, due 2/1/2031		1,205,000	^(k)
		CSC Holdings LLC
	1,095,000	5.50%, due 5/15/2026		1,126,098	^(k)
	1,185,000	7.50%, due 4/1/2028		1,304,981	^(k)
	3,145,000	6.50%, due 2/1/2029		3,475,225	^(k)
	10,935,000	5.75%, due 1/15/2030		11,625,272	^(k)(l)
	270,000	4.13%, due 12/1/2030		268,650	^(k)
	1,835,000	4.63%, due 12/1/2030		1,793,713	^(k)
		DISH DBS Corp.
	2,255,000	7.75%, due 7/1/2026		2,598,887
	4,935,000	7.38%, due 7/1/2028		5,329,430
		Radiate Holdco LLC/Radiate Finance, Inc.
	810,000	4.50%, due 9/15/2026		824,175	^(k)
	2,015,000	6.50%, due 9/15/2028		2,097,736	^(k)
EUR	1,085,000	United Group BV, 3.63%, due 2/15/2028		1,265,114	^(p)
$	660,000	Virgin Media Finance PLC, 5.00%, due 7/15/2030		658,073	^(k)
	2,225,000	Virgin Media Secured Finance PLC, 5.50%, due 8/15/2026		2,308,682	^(k)
GBP	760,000	Virgin Media Vendor Financing Notes III DAC, 4.88%, due 7/15/2028		1,072,029	^(p)
$	2,415,000	Virgin Media Vendor Financing Notes IV DAC, 5.00%, due 7/15/2028		2,444,608	^(k)
				51,161,173
Chemicals 0.9%
EUR	445,000	Ashland Services BV, 2.00%, due 1/30/2028		533,162	^(p)
		CF Industries, Inc.
$	3,650,000	4.95%, due 6/1/2043		4,252,305
	5,495,000	5.38%, due 3/15/2044		6,721,566
	3,290,000	H.B. Fuller Co., 4.25%, due 10/15/2028		3,350,306
EUR	585,000	Kronos Int'l, Inc., 3.75%, due 9/15/2025		713,866	^(p)
$	200,000	MEGlobal Canada ULC, 5.00%, due 5/18/2025		223,750	^(k)
EUR	420,000	Nouryon Holding BV, 6.50%, due 10/1/2026		529,229	^(p)
		NOVA Chemicals Corp.
$	1,190,000	4.88%, due 6/1/2024		1,254,569	^(k)
	3,925,000	5.25%, due 6/1/2027		4,170,313	^(k)
	200,000	Sasol Financing Int'l Ltd., 4.50%, due 11/14/2022		204,500
	1,070,000	Sasol Financing USA LLC, 5.88%, due 3/27/2024		1,141,155
EUR	450,000	SGL Carbon SE, 4.63%, due 9/30/2024		543,717	^(p)
$	1,940,000	Tronox, Inc., 4.63%, due 3/15/2029		1,981,225	^(k)
	1,650,000	Unigel Luxembourg SA, 8.75%, due 10/1/2026		1,782,000	^(k)
				27,401,663
Commercial Services 0.2%
EUR	250,000	Autostrade per l'Italia SpA, 2.00%, due 12/4/2028		309,877	^(p)
$	200,000	DP World Crescent Ltd., 3.91%, due 5/31/2023		210,945	^(p)
	2,055,000	Georgetown University, Ser. 20A, 2.94%, due 4/1/2050		1,914,825
	1,220,000	Ritchie Bros Auctioneers, Inc., 5.38%, due 1/15/2025		1,255,380	^(k)
	1,115,000	United Rentals N.A., Inc., 5.25%, due 1/15/2030		1,219,531
				4,910,558

See Notes to Financial Statements

157

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Computers 0.0%^(f)
$	970,000	IBM Corp., (3M USD LIBOR + 0.40%), 0.59%, due 5/13/2021	$	970,102	^(b)
Consumer - Commercial Lease Financing 0.5%
	1,722,000	AerCap Global Aviation Trust, 6.50%, due 6/15/2045		1,833,930	^(k)(r)
	9,404,944	Global Aircraft Leasing Co. Ltd., 6.50% Cash/7.25% PIK, due 9/15/2024		9,404,944	^(k)(t)
EUR	680,000	LeasePlan Corp. NV, 7.38%, due 5/29/2024		902,280	^(p)(r)(s)
		Springleaf Finance Corp.
$	1,345,000	6.13%, due 3/15/2024		1,452,600
	400,000	8.88%, due 6/1/2025		442,500
	2,145,000	7.13%, due 3/15/2026		2,506,969
				16,543,223
Distribution - Wholesale 0.0%^(f)
	796,000	Resideo Funding, Inc., 6.13%, due 11/1/2026		839,780	^(k)
Diversified Financial Services 1.6%
	10,915,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.45%, due 10/1/2025		11,991,354	^(l)
	9,545,000	Air Lease Corp., 2.30%, due 2/1/2025		9,809,900	^(l)
	2,065,000	Ally Financial, Inc., Ser. B, 4.70%, due 5/15/2026		2,093,290	^(r)(s)
	876,000	American Express Co., (3M USD LIBOR + 0.65%), 0.84%, due 2/27/2023		883,277	^(b)
		Banco BTG Pactual SA
	200,000	4.50%, due 1/10/2025		206,000	^(k)
	256,000	2.75%, due 1/11/2026		243,203	^(k)
		Capital One Financial Corp.
	1,045,000	Ser. E, (3M USD LIBOR + 3.80%), 3.99%, due 6/1/2021		1,036,849	^(b)(s)
	280,000	(3M USD LIBOR + 0.95%), 1.14%, due 3/9/2022		281,764	^(b)
	2,081,000	Discover Financial Services, Ser. C, 5.50%, due 10/30/2027		2,216,265	^(r)(s)
	200,000	Haitong Int'l Securities Group Ltd., 3.13%, due 5/18/2025		205,953	^(p)
	200,000	ICBCIL Finance Co. Ltd., 2.50%, due 9/29/2021		200,864	^(p)
	1,120,000	Intercontinental Exchange, Inc., (3M USD LIBOR + 0.65%), 0.83%, due 6/15/2023		1,121,467	^(b)
EUR	220,000	Intrum AB, 4.88%, due 8/15/2025		277,989	^(p)
$	16,620,000	Synchrony Financial, 2.85%, due 7/25/2022		17,024,866	^(l)
				47,593,041
Electric 1.2%
	1,500,000	1MDB Energy Ltd., 5.99%, due 5/11/2022		1,556,637	^(p)
	1,095,000	Adani Electricity Mumbai Ltd., 3.95%, due 2/12/2030		1,096,038	^(k)
	234,000	China Huadian Overseas Development 2018 Ltd., 3.38%, due 6/23/2025		238,797	^(p)(r)(s)
	6,300,000	CMS Energy Corp., 3.75%, due 12/1/2050		6,347,250	^(r)
	325,000	Duke Energy Florida LLC, Ser. A, (3M USD LIBOR + 0.25%), 0.44%, due 11/26/2021		325,234	^(b)
EUR	200,000	Electricite de France SA, 3.38%, due 6/15/2030		255,358	^(p)(r)(s)
$	700,000	Florida Power & Light Co., (3M USD LIBOR + 0.38%), 0.56%, due 7/28/2023		700,029	^(b)
	178,000	Genneia SA, 8.75%, due 1/20/2022		158,865	^(p)
		NRG Energy, Inc.
	580,000	7.25%, due 5/15/2026		600,573
	605,000	5.25%, due 6/15/2029		648,106	^(k)
		Pacific Gas & Electric Co.
	4,240,000	3.30%, due 8/1/2040		3,768,630
	8,460,000	4.30%, due 3/15/2045		8,126,374
	200,000	Pampa Energia SA, 7.38%, due 7/21/2023		187,000	^(p)

See Notes to Financial Statements

158

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	855,000	Southern California Edison Co., Ser. D, (3M USD LIBOR + 0.27%), 0.45%, due 12/3/2021	$	854,951	^(b)
	11,305,000	Southern Co., Ser. B, 4.00%, due 1/15/2051		12,068,087	^(l)(r)
				36,931,929
Electric - Generation 1.2%
		Calpine Corp.
	9,050,000	4.50%, due 2/15/2028		9,146,835	^(k)(l)
	990,000	5.13%, due 3/15/2028		1,006,157	^(k)
	5,195,000	4.63%, due 2/1/2029		5,117,075	^(k)
	5,386,000	5.00%, due 2/1/2031		5,305,210	^(k)
	9,135,000	NRG Energy, Inc., 3.63%, due 2/15/2031		8,949,590	^(k)(l)
	6,230,000	Vistra Operations Co. LLC, 5.00%, due 7/31/2027		6,454,467	^(k)(l)
				35,979,334
Electric - Integrated 0.3%
		FirstEnergy Corp.
	2,155,000	Ser. C, 7.38%, due 11/15/2031		2,915,804
	4,755,000	Ser. C, 5.35%, due 7/15/2047		5,515,800
		Talen Energy Supply LLC
	845,000	10.50%, due 1/15/2026		776,640	^(k)
	805,000	7.25%, due 5/15/2027		827,137	^(k)
				10,035,381
Electronics 0.3%
		Honeywell Int'l, Inc.
	450,000	(3M USD LIBOR + 0.37%), 0.56%, due 8/8/2022		451,754	^(b)
	260,000	(3M USD LIBOR + 0.23%), 0.41%, due 8/19/2022		260,172	^(b)
EUR	400,000	Infineon Technologies AG, 3.63%, due 1/1/2028		525,383	^(p)(r)(s)
$	7,535,000	ON Semiconductor Corp., 3.88%, due 9/1/2028		7,756,333	^(k)
				8,993,642
Energy - Alternate Sources 0.0%^(f)
	311,000	Azure Power Energy Ltd., 5.50%, due 11/3/2022		316,443	^(p)
	200,000	FS Luxembourg S.a.r.l., 10.00%, due 12/15/2025		218,320	^(k)
				534,763
Energy - Exploration & Production 1.1%
		Ascent Resources Utica Holdings LLC/ARU Finance Corp.
	2,650,000	7.00%, due 11/1/2026		2,683,125	^(k)
	1,215,000	9.00%, due 11/1/2027		1,576,463	^(k)
	550,000	8.25%, due 12/31/2028		590,433	^(k)
	1,038,000	Comstock Escrow Corp., 9.75%, due 8/15/2026		1,128,597
	2,963,000	Comstock Resources, Inc., 6.75%, due 3/1/2029		3,026,704	^(k)
		EQT Corp.
	6,175,000	3.90%, due 10/1/2027		6,437,993
	1,915,000	5.00%, due 1/15/2029		2,091,601
		Hilcorp Energy I L.P./Hilcorp Finance Co.
	510,000	6.25%, due 11/1/2028		529,365	^(k)

See Notes to Financial Statements

159

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	851,000	5.75%, due 2/1/2029	$	865,893	^(k)
	938,000	6.00%, due 2/1/2031		966,140	^(k)
	2,635,000	Matador Resources Co., 5.88%, due 9/15/2026		2,628,412
	3,795,000	Occidental Petroleum Corp., 4.30%, due 8/15/2039		3,348,025
	1,310,000	PDC Energy, Inc., 5.75%, due 5/15/2026		1,361,981
		Range Resources Corp.
	2,220,000	4.88%, due 5/15/2025		2,206,125
	1,205,000	9.25%, due 2/1/2026		1,323,186
	1,375,000	8.25%, due 1/15/2029		1,491,559	^(k)
EUR	300,000	Wintershall Dea Finance 2 BV, 3.00%, due 7/20/2028		352,927	^(p)(r)(s)
				32,608,529
Engineering & Construction 0.1%
		China Minmetals Corp.
	200,000	4.45%, due 5/13/2021		199,550	^(p)(r)(s)
	410,000	3.75%, due 11/13/2022		413,078	^(p)(r)(s)
	1,050,000	IHS Netherlands Holdco BV, 8.00%, due 9/18/2027		1,139,250	^(k)
				1,751,878
Entertainment 0.0%^(f)
	710,000	Cedar Fair L.P., 5.25%, due 7/15/2029		730,100
Environmental 0.0%^(f)
EUR	590,000	Paprec Holding SA, 4.00%, due 3/31/2025		716,562	^(p)
Food 0.8%
$	2,945,000	BRF SA, 4.88%, due 1/24/2030		3,024,102	^(k)
	10,320,000	Grupo Bimbo SAB de CV, 4.70%, due 11/10/2047		11,569,133	^(k)(l)
	6,855,000	Sysco Corp., 6.60%, due 4/1/2050		10,197,308
				24,790,543
Food & Drug Retailers 0.1%
GBP	415,000	Bellis Finco PLC, 4.00%, due 2/16/2027		574,055	^(k)
EUR	1,700,000	Casino Guichard Perrachon SA, 4.50%, due 3/7/2024		2,087,944	^(p)
GBP	645,000	Iceland Bondco PLC, 4.63%, due 3/15/2025		877,392	^(p)
				3,539,391
Food - Wholesale 1.2%
		Kraft Heinz Foods Co.
$	2,360,000	5.20%, due 7/15/2045		2,792,148
	4,085,000	4.38%, due 6/1/2046		4,377,908
	7,745,000	4.88%, due 10/1/2049		8,887,264	^(l)
		Performance Food Group, Inc.
	280,000	6.88%, due 5/1/2025		299,286	^(k)
	1,880,000	5.50%, due 10/15/2027		1,981,219	^(k)
	4,050,000	Pilgrim's Pride Corp., 4.25%, due 4/15/2031		4,091,756	^(k)
		Post Holdings, Inc.
	2,190,000	5.75%, due 3/1/2027		2,294,025	^(k)
	3,465,000	5.63%, due 1/15/2028		3,651,244	^(k)

See Notes to Financial Statements

160

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	3,555,000	5.50%, due 12/15/2029	$	3,827,135	^(k)
	1,415,000	4.63%, due 4/15/2030		1,429,150	^(k)
	2,285,000	4.50%, due 9/15/2031		2,268,548	^(k)
				35,899,683
Food Service 0.1%
	2,715,000	Aramark Services, Inc., 5.00%, due 4/1/2025		2,786,269	^(k)
Forestry & Paper 0.0%^(f)
EUR	360,000	SpA Holdings 3 Oy, 3.63%, due 2/4/2028		435,726	^(p)
Gaming 1.3%
		Boyd Gaming Corp.
$	3,340,000	6.38%, due 4/1/2026		3,448,550
	1,865,000	6.00%, due 8/15/2026		1,934,937
		Caesars Entertainment, Inc.
	1,145,000	6.25%, due 7/1/2025		1,217,364	^(k)
	4,470,000	8.13%, due 7/1/2027		4,966,975	^(k)
	4,830,000	Caesars Resort Collection LLC/CRC Finco, Inc., 5.25%, due 10/15/2025		4,869,304	^(k)
	1,220,000	Churchill Downs, Inc., 5.50%, due 4/1/2027		1,266,439	^(k)
	1,325,000	Int'l Game Technology PLC, 4.13%, due 4/15/2026		1,365,293	^(k)
EUR	430,000	Playtech PLC, 4.25%, due 3/7/2026		532,451	^(p)
EUR	1,075,000	Sazka Group AS, 3.88%, due 2/15/2027		1,270,233	^(p)
		Scientific Games Int'l, Inc.
$	900,000	5.00%, due 10/15/2025		929,250	^(k)
EUR	615,000	5.50%, due 2/15/2026		743,238	^(p)
$	1,675,000	8.25%, due 3/15/2026		1,804,813	^(k)
	3,520,000	7.00%, due 5/15/2028		3,784,000	^(k)
		Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
	5,641,000	5.50%, due 3/1/2025		6,021,767	^(k)
	4,900,000	5.25%, due 5/15/2027		5,175,625	^(k)
				39,330,239
Gas 0.1%
	285,000	Atmos Energy Corp., (3M USD LIBOR + 0.38%), 0.57%, due 3/9/2023		285,161	^(b)
	535,000	CenterPoint Energy Resources Corp., (3M USD LIBOR + 0.50%), 0.68%, due 3/2/2023		535,119	^(b)
	1,000,000	Dominion Energy Gas Holdings LLC, Ser. A, (3M USD LIBOR + 0.60%), 0.78%, due 6/15/2021		1,000,612	^(b)
	265,000	Southern California Gas Co., (3M USD LIBOR + 0.35%), 0.53%, due 9/14/2023		265,031	^(b)
				2,085,923
Gas Distribution 2.7%
		Antero Midstream Partners L.P./Antero Midstream Finance Corp.
	795,000	5.38%, due 9/15/2024		807,919
	2,305,000	7.88%, due 5/15/2026		2,512,450	^(k)
	1,085,000	5.75%, due 3/1/2027		1,097,206	^(k)
	5,145,000	5.75%, due 1/15/2028		5,242,806	^(k)
		Buckeye Partners L.P.
	100,000	4.15%, due 7/1/2023		103,500
	1,695,000	4.13%, due 3/1/2025		1,737,375	^(k)

See Notes to Financial Statements

161

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	750,000	3.95%, due 12/1/2026	$	750,000
	800,000	4.13%, due 12/1/2027		790,000
	4,845,000	4.50%, due 3/1/2028		4,851,056	^(k)
	500,000	5.85%, due 11/15/2043		492,190
	3,240,000	5.60%, due 10/15/2044		3,110,400
	7,215,000	Cheniere Energy Partners L.P., 4.50%, due 10/1/2029		7,530,656
	300,000	DCP Midstream LLC, 5.85%, due 5/21/2043		271,500	^(k)(r)
		DCP Midstream Operating L.P.
	1,110,000	5.63%, due 7/15/2027		1,212,298
	1,615,000	5.13%, due 5/15/2029		1,724,012
	1,505,000	5.60%, due 4/1/2044		1,543,686
		EQM Midstream Partners L.P.
	565,000	6.00%, due 7/1/2025		617,263	^(k)
	250,000	6.50%, due 7/1/2027		276,059	^(k)
	805,000	4.50%, due 1/15/2029		798,963	^(k)
	805,000	4.75%, due 1/15/2031		796,861	^(k)
		EQT Midstream Partners L.P.
	1,375,000	4.13%, due 12/1/2026		1,388,750
	2,980,000	5.50%, due 7/15/2028		3,165,356
		Genesis Energy L.P./Genesis Energy Finance Corp.
	705,000	6.50%, due 10/1/2025		708,525
	1,020,000	6.25%, due 5/15/2026		998,835
	525,000	8.00%, due 1/15/2027		540,866
	1,385,000	Harvest Midstream I L.P., 7.50%, due 9/1/2028		1,492,337	^(k)
		New Fortress Energy, Inc.
	2,550,000	6.75%, due 9/15/2025		2,638,459	^(k)
	8,370,000	6.50%, due 9/30/2026		8,540,162	^(k)
	1,275,000	Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 5.75%, due 4/15/2025		1,071,000
		Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp.
	923,000	5.50%, due 9/15/2024		940,306	^(k)
	2,890,000	7.50%, due 10/1/2025		3,157,325	^(k)
	655,000	6.00%, due 3/1/2027		664,629	^(k)
	700,000	5.50%, due 1/15/2028		691,250	^(k)
	1,015,000	6.00%, due 12/31/2030		1,017,537	^(k)
		Targa Resources Partners L.P./Targa Resources Partners Finance Corp.
	1,020,000	4.25%, due 11/15/2023		1,020,714
	874,000	5.38%, due 2/1/2027		907,361
	3,525,000	5.50%, due 3/1/2030		3,812,605
	1,450,000	Western Gas Partners L.P., 5.30%, due 3/1/2048		1,486,264
		Western Midstream Operating L.P.
	200,000	4.35%, due 2/1/2025		211,432	^(u)
	5,535,000	5.30%, due 2/1/2030		6,040,069	^(u)
	4,210,000	6.50%, due 2/1/2050		4,763,573	^(u)
				81,523,555
Health Facilities 1.5%
		Acadia Healthcare Co., Inc.
	2,065,000	5.50%, due 7/1/2028		2,181,156	^(k)
	600,000	5.00%, due 4/15/2029		620,250	^(k)
		CHS/Community Health Systems, Inc.
	2,165,000	8.13%, due 6/30/2024		2,259,719	^(k)
	360,000	6.63%, due 2/15/2025		379,350	^(k)
	680,000	5.63%, due 3/15/2027		720,800	^(k)
	1,920,000	8.00%, due 12/15/2027		2,112,000	^(k)

See Notes to Financial Statements

162

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	745,000	6.00%, due 1/15/2029	$	784,235	^(k)
	4,545,000	6.88%, due 4/15/2029		4,749,525	^(k)
	1,210,000	4.75%, due 2/15/2031		1,200,925	^(k)
	325,000	Columbia/HCA Corp., 7.69%, due 6/15/2025		387,563
		HCA, Inc.
	3,265,000	5.38%, due 9/1/2026		3,706,950
	3,590,000	5.63%, due 9/1/2028		4,186,838
		Tenet Healthcare Corp.
	2,570,000	6.75%, due 6/15/2023		2,806,440
	5,580,000	4.63%, due 6/15/2028		5,765,485	^(k)
	12,675,000	6.13%, due 10/1/2028		13,372,125	^(k)(l)
				45,233,361
Health Services 0.5%
	5,630,000	DaVita, Inc., 4.63%, due 6/1/2030		5,700,375	^(k)
	3,595,000	Envision Healthcare Corp., 8.75%, due 10/15/2026		2,610,078	^(k)
EUR	385,000	Laboratoire Eimer Selas, 5.00%, due 2/1/2029		469,809	^(k)
		Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA
$	1,215,000	7.38%, due 6/1/2025		1,309,162	^(k)
	1,470,000	7.25%, due 2/1/2028		1,612,590	^(k)
	3,030,000	Team Health Holdings, Inc., 6.38%, due 2/1/2025		2,673,975	^(k)
				14,375,989
Healthcare - Services 0.6%
	2,125,000	Ascension Health, Ser. B, 3.11%, due 11/15/2039		2,211,272
	605,000	Centene Corp., 5.38%, due 8/15/2026		634,645	^(k)
	2,055,000	CommonSpirit Health, 4.19%, due 10/1/2049		2,224,045
		HCA, Inc.
	580,000	5.88%, due 2/1/2029		684,400
	7,095,000	5.25%, due 6/15/2049		8,724,314	^(l)
	2,125,000	Mount Sinai Hospitals Group, Inc., Ser. 2019, 3.74%, due 7/1/2049		2,243,676
	1,000,000	UnitedHealth Group, Inc., (3M USD LIBOR + 0.26%), 0.44%, due 6/15/2021		1,000,275	^(b)
				17,722,627
Holding Companies - Diversified 0.0%^(f)
	200,000	Alfa S.A., 5.25%, due 3/25/2024		219,900	^(p)
	200,000	KOC Holding AS, 5.25%, due 3/15/2023		205,494	^(p)
				425,394
Home Builders 0.0%^(f)
	625,000	Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., 5.63%, due 3/1/2024		676,562	^(k)
	755,000	Toll Brothers Finance Corp., 4.35%, due 2/15/2028		830,500
				1,507,062
Hotels 0.5%
EUR	2,000,000	Accor SA, 2.63%, due 1/30/2025		2,320,342	^(p)(r)(s)
$	1,940,000	Hilton Domestic Operating Co., Inc., 5.75%, due 5/1/2028		2,085,500	^(k)

See Notes to Financial Statements

163

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	4,564,000	Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, due 4/1/2027	$	4,740,855
EUR	1,798,412	NH Hotel Group SA, 3.75%, due 10/1/2023		2,146,045	^(p)
$	3,145,000	Wyndham Hotels & Resorts, Inc., 4.38%, due 8/15/2028		3,246,269	^(k)
				14,539,011
Insurance 0.2%
EUR	220,000	Athene Global Funding, 1.13%, due 9/2/2025		273,779	^(p)
$	3,660,000	AXA Equitable Holdings, Inc., 5.00%, due 4/20/2048		4,465,803
	500,000	New York Life Global Funding, (3M USD LIBOR + 0.44%), 0.63%, due 7/12/2022		502,311	^(b)(k)
				5,241,893
Insurance Brokerage 0.6%
	4,985,000	Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, due 10/15/2027		5,234,250	^(k)
		AssuredPartners, Inc.
	1,865,000	7.00%, due 8/15/2025		1,902,300	^(k)
	4,845,000	5.63%, due 1/15/2029		4,911,522	^(k)
	2,770,000	GTCR AP Finance, Inc., 8.00%, due 5/15/2027		2,950,050	^(k)
	3,530,000	HUB Int'l Ltd., 7.00%, due 5/1/2026		3,657,327	^(k)
				18,655,449
Integrated Energy 0.1%
GBP	225,000	Petrobras Global Finance BV, 5.38%, due 10/1/2029		335,525
EUR	2,087,000	Petroleos Mexicanos, 4.75%, due 2/26/2029		2,486,918	^(p)
EUR	815,000	Repsol Int'l Finance BV, 4.25%, due 9/11/2028		1,076,841	^(p)(r)(s)
				3,899,284
Internet 0.1%
		Netflix, Inc.
$	390,000	5.88%, due 11/15/2028		474,523
	380,000	6.38%, due 5/15/2029		476,900
	1,475,000	5.38%, due 11/15/2029		1,751,562	^(k)
				2,702,985
Investment Companies 0.0%^(f)
	267,000	Huarong Finance 2017 Co. Ltd., (3M USD LIBOR + 1.85%), 2.03%, due 4/27/2022		212,265	^(b)(p)
	200,000	Huarong Finance 2019 Co. Ltd., 3.25%, due 11/13/2024		152,000	^(p)
				364,265
Investments & Misc. Financial Services 0.2%
EUR	430,000	doBank SpA, 5.00%, due 8/4/2025		548,238	^(p)
GBP	1,125,000	Encore Capital Group, Inc., 5.38%, due 2/15/2026		1,620,851	^(p)
EUR	1,480,000	Intrum AB, 3.00%, due 9/15/2027		1,741,507	^(p)
EUR	547,000	SoftBank Group Corp., 4.00%, due 9/19/2029		706,691	^(p)
				4,617,287

See Notes to Financial Statements

164

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Iron - Steel 0.3%
$	2,710,000	ABJA Investment Co. Pte Ltd., 5.45%, due 1/24/2028	$	2,798,918	^(p)
	2,580,000	CSN Islands XI Corp., 6.75%, due 1/28/2028		2,803,944	^(k)
	200,000	CSN Resources SA, 7.63%, due 2/13/2023		207,500	^(p)
		Metinvest BV
	665,000	7.65%, due 10/1/2027		708,890	^(k)
	900,000	7.75%, due 10/17/2029		958,230	^(k)
	200,000	Severstal OAO Via Steel Capital SA, 5.90%, due 10/17/2022		212,820	^(p)
				7,690,302
Leisure Time 0.0%^(f)
EUR	222,000	Pinnacle Bidco PLC, 5.50%, due 2/15/2025		270,709	^(p)
Lodging 0.2%
$	2,215,000	Melco Resorts Finance Ltd., 5.63%, due 7/17/2027		2,343,470	^(k)
	200,000	Sands China Ltd., 4.60%, due 8/8/2023		213,800
	200,000	Studio City Finance Ltd., 6.00%, due 7/15/2025		210,500	^(p)
	1,855,000	Wynn Macau Ltd., 5.50%, due 1/15/2026		1,950,069	^(k)
				4,717,839
Machinery 0.3%
	1,180,000	Granite U.S. Holdings Corp., 11.00%, due 10/1/2027		1,324,550	^(k)(q)
	1,500,000	Harsco Corp., 5.75%, due 7/31/2027		1,581,480	^(k)
EUR	450,000	Platin 1426 GmbH, 5.38%, due 6/15/2023		545,449	^(p)
EUR	595,000	Sofima Holding SPA, 3.75%, due 1/15/2028		718,157	^(p)
$	2,225,000	Terex Corp., 5.00%, due 5/15/2029		2,314,000	^(k)
EUR	1,125,000	Vertical Holdco GmbH, 6.63%, due 7/15/2028		1,450,695	^(p)
				7,934,331
Machinery - Construction & Mining 0.0%^(f)
$	1,155,000	Caterpillar Financial Services Corp., (3M USD LIBOR + 0.74%), 0.93%, due 5/13/2022		1,162,189	^(b)
Machinery - Diversified 0.1%
	715,000	John Deere Capital Corp., (3M USD LIBOR + 0.40%), 0.58%, due 6/7/2021		715,275	^(b)
	555,000	Otis Worldwide Corp., (3M USD LIBOR + 0.45%), 0.64%, due 4/5/2023		554,686	^(b)
	1,215,000	SPX FLOW, Inc., 5.88%, due 8/15/2026		1,263,600	^(k)
				2,533,561
Managed Care 0.3%
	2,535,000	Molina Healthcare, Inc., 3.88%, due 11/15/2030		2,611,050	^(k)
	5,880,000	MPH Acquisition Holdings LLC, 5.75%, due 11/1/2028		5,798,209	^(k)(q)
				8,409,259
Media 0.9%
	11,425,000	Charter Communications Operating LLC/Charter Communications Operating Capital, 4.80%, due 3/1/2050		12,582,272	^(l)

See Notes to Financial Statements

165

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	773,000	Clear Channel Worldwide Holdings, Inc., 5.13%, due 8/15/2027	$	784,595	^(k)
	560,000	Comcast Corp., (3M USD LIBOR + 0.63%), 0.81%, due 4/15/2024		566,350	^(b)
	6,470,000	Fox Corp., 5.58%, due 1/25/2049		8,307,708	^(l)
	5,025,000	ViacomCBS, Inc., 4.95%, due 1/15/2031		5,906,599
	615,000	Walt Disney Co., (3M USD LIBOR + 0.39%), 0.57%, due 3/4/2022		616,863	^(b)
				28,764,387
Media Content 0.8%
EUR	890,000	Banijay Group SAS, 6.50%, due 3/1/2026		1,093,253	^(p)
$	3,390,000	Lions Gate Capital Holdings LLC, 5.50%, due 4/15/2029		3,398,475	^(k)
		Sirius XM Radio, Inc.
	890,000	4.63%, due 7/15/2024		913,362	^(k)
	500,000	5.38%, due 7/15/2026		516,350	^(k)
	2,510,000	5.00%, due 8/1/2027		2,628,465	^(k)
	6,755,000	5.50%, due 7/1/2029		7,299,622	^(k)
	7,410,000	4.13%, due 7/1/2030		7,410,000	^(k)
				23,259,527
Metals - Mining Excluding Steel 0.7%
		First Quantum Minerals Ltd.
	1,880,000	6.88%, due 3/1/2026		1,974,000	^(k)
	2,735,000	6.88%, due 10/15/2027		3,001,662	^(k)
		Freeport-McMoRan, Inc.
	550,000	5.00%, due 9/1/2027		583,622
	325,000	4.13%, due 3/1/2028		342,638
	1,155,000	5.25%, due 9/1/2029		1,279,163
	2,440,000	5.40%, due 11/14/2034		2,934,100
	7,270,000	5.45%, due 3/15/2043		8,876,306
		Hudbay Minerals, Inc.
	1,270,000	4.50%, due 4/1/2026		1,289,050	^(k)
	1,260,000	6.13%, due 4/1/2029		1,339,775	^(k)
				21,620,316
Mining 0.1%
	1,145,000	Minera Mexico SA de CV, 4.50%, due 1/26/2050		1,205,113	^(k)
	200,000	Minsur SA, 6.25%, due 2/7/2024		212,880	^(p)
	200,000	Vedanta Resources Ltd., 6.38%, due 7/30/2022		196,100	^(p)
		Volcan Cia Minera SAA
	130,000	5.38%, due 2/2/2022		131,301	^(p)
	1,570,000	4.38%, due 2/11/2026		1,548,695	^(k)
				3,294,089
Miscellaneous Manufacturer 0.7%
	2,855,000	FXI Holdings, Inc., 7.88%, due 11/1/2024		2,947,787	^(k)
		General Electric Capital Corp.
	1,115,000	(3M USD LIBOR + 1.00%), 1.18%, due 3/15/2023		1,128,003	^(b)
	10,945,000	5.88%, due 1/14/2038		14,323,973	^(l)
	3,630,000	General Electric Co., 4.35%, due 5/1/2050		4,041,701
				22,441,464

See Notes to Financial Statements

166

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Multi-National 0.0%^(f)
$	200,000	Africa Finance Corp., 3.88%, due 4/13/2024	$	211,818	^(p)
Oil & Gas 1.6%
		BP Capital PLC
EUR	224,000	3.63%, due 3/22/2029		293,205	^(p)(r)(s)
$	10,165,000	4.88%, due 3/22/2030		10,912,127	^(l)(r)(s)
	2,530,000	Canadian Natural Resources Ltd., 4.95%, due 6/1/2047		2,999,141
	525,000	Chevron USA, Inc., (3M USD LIBOR + 0.11%), 0.31%, due 8/12/2022		525,281	^(b)
	700,000	CrownRock L.P./CrownRock Finance, Inc., 5.63%, due 10/15/2025		724,500	^(k)
		Ecopetrol SA
	89,000	5.88%, due 9/18/2023		97,856
	1,215,000	5.88%, due 5/28/2045		1,292,894
	200,000	Gazprom PJSC Via Gaz Capital SA, 4.95%, due 7/19/2022		208,729	^(p)
	200,000	Geopark Ltd., 5.50%, due 1/17/2027		205,700	^(p)
		Hunt Oil Co. of Peru LLC Sucursal Del Peru
	200,000	6.38%, due 6/1/2028		203,838	^(p)
	1,080,000	6.38%, due 6/1/2028		1,100,725	^(k)
	2,220,000	KazMunayGas National Co. JSC, 5.75%, due 4/19/2047		2,666,264	^(k)
		Leviathan Bond Ltd.
	148,000	5.75%, due 6/30/2023		155,349	^(p)
	1,376,000	6.13%, due 6/30/2025		1,504,904	^(p)
	1,350,000	Lukoil Securities BV, 3.88%, due 5/6/2030		1,418,580	^(k)
		Occidental Petroleum Corp.
	6,840,000	3.20%, due 8/15/2026		6,651,900
	9,950,000	3.50%, due 8/15/2029		9,502,250	^(l)
		Petrobras Global Finance BV
	200,000	7.38%, due 1/17/2027		241,752
	2,025,000	5.60%, due 1/3/2031		2,185,988
		Petroleos Mexicanos
	36,000	6.88%, due 10/16/2025		39,302	^(k)
	5,135,000	7.69%, due 1/23/2050		4,942,437
		Sinopec Group Overseas Development 2018 Ltd.
	200,000	2.15%, due 5/13/2025		203,777	^(k)
	200,000	1.45%, due 1/8/2026		197,996	^(k)
	244,000	Tecpetrol SA, 4.88%, due 12/12/2022		239,120	^(p)
	214,000	Tengizchevroil Finance Co. Int'l Ltd., 2.63%, due 8/15/2025		218,429	^(k)
EUR	123,000	TOTAL SE, 1.63%, due 10/25/2027		148,596	^(p)(r)(s)
$	164,000	YPF SA, 8.50%, due 3/23/2025		135,136	^(k)
				49,015,776
Oil Field Equipment & Services 0.2%
	2,047,000	Archrock Partners L.P./Archrock Partners Finance Corp., 6.25%, due 4/1/2028		2,139,946	^(k)
		USA Compression Partners L.P./USA Compression Finance Corp.
	2,191,000	6.88%, due 4/1/2026		2,297,680
	445,000	6.88%, due 9/1/2027		468,229
				4,905,855
Packaging 0.5%
	4,715,000	Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 4.13%, due 8/15/2026		4,850,556	^(k)
	3,495,000	BWAY Holding Co., 7.25%, due 4/15/2025		3,398,888	^(k)
	1,465,000	Graham Packaging Co., Inc., 7.13%, due 8/15/2028		1,571,213	^(k)

See Notes to Financial Statements

167

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	1,795,000	Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, due 9/15/2028	$	1,851,830	^(k)
EUR	610,000	Kleopatra Holdings 2 SCA, 6.50%, due 9/1/2026		682,974	^(k)
EUR	285,000	Schoeller Packaging BV, 6.38%, due 11/1/2024		356,604	^(p)
$	1,120,000	Trivium Packaging Finance BV, 8.50%, due 8/15/2027		1,198,400	^(k)
				13,910,465
Packaging & Containers 0.1%
	1,215,000	Sealed Air Corp., 5.50%, due 9/15/2025		1,342,575	^(k)
	1,260,000	Silgan Holdings, Inc., 4.75%, due 3/15/2025		1,279,442
				2,622,017
Personal & Household Products 0.4%
	5,705,000	Energizer Holdings, Inc., 4.75%, due 6/15/2028		5,833,363	^(k)
	4,895,000	Newell Rubbermaid, Inc., 6.00%, due 4/1/2046		6,254,953
				12,088,316
Pharmaceuticals 0.9%
	930,000	AbbVie, Inc., (3M USD LIBOR + 0.65%), 0.83%, due 11/21/2022		935,727	^(b)
	925,000	AstraZeneca PLC, (3M USD LIBOR + 0.62%), 0.80%, due 6/10/2022		930,191	^(b)
		Bausch Health Cos., Inc.
	1,260,000	5.75%, due 8/15/2027		1,351,350	^(k)
	2,825,000	5.00%, due 1/30/2028		2,867,375	^(k)
EUR	200,000	Bayer AG, 1.00%, due 1/12/2036		223,539	^(p)
$	425,000	Bayer U.S. Finance II LLC, (3M USD LIBOR + 0.63%), 0.83%, due 6/25/2021		425,160	^(b)(k)
	795,000	Bristol-Myers Squibb Co., (3M USD LIBOR + 0.38%), 0.57%, due 5/16/2022		797,518	^(b)
	2,745,000	Endo Dac/Endo Finance LLC/Endo Finco, Inc., 5.88%, due 10/15/2024		2,758,725	^(k)
	850,000	GlaxoSmithKline Capital PLC, (3M USD LIBOR + 0.35%), 0.54%, due 5/14/2021		850,081	^(b)
EUR	880,000	Nidda BondCo GmbH, 5.00%, due 9/30/2025		1,068,544	^(p)
$	1,875,000	Organon Finance 1 LLC, 5.13%, due 4/30/2031		1,945,500	^(k)
EUR	220,000	Takeda Pharmaceutical Co. Ltd., 1.38%, due 7/9/2032		273,870
EUR	1,575,000	Teva Pharmaceutical Finance Netherlands II BV, 1.88%, due 3/31/2027		1,753,298	^(p)
$	1,740,000	Teva Pharmaceutical Finance Netherlands III BV, 3.15%, due 10/1/2026		1,633,860
	6,380,000	Upjohn, Inc., 4.00%, due 6/22/2050		6,341,123	^(k)(l)
		Valeant Pharmaceuticals Int'l, Inc.
	2,170,000	6.13%, due 4/15/2025		2,215,635	^(k)
	865,000	5.50%, due 11/1/2025		892,031	^(k)
				27,263,527
Pipelines 2.8%
		Energy Transfer L.P.
	11,110,000	Ser. B, 6.63%, due 2/15/2028		10,457,288	^(r)(s)
	15,400,000	Ser. G, 7.13%, due 5/15/2030		15,708,000	^(r)(s)
	3,685,000	6.25%, due 4/15/2049		4,422,314
	2,325,000	Galaxy Pipeline Assets Bidco Ltd., 2.94%, due 9/30/2040		2,273,011	^(k)
	12,015,000	Kinder Morgan, Inc., 5.55%, due 6/1/2045		14,665,851	^(l)
	12,450,000	MPLX L.P., 4.70%, due 4/15/2048		13,616,311	^(l)
		Plains All American Pipeline L.P./PAA Finance Corp.
	14,642,000	3.55%, due 12/15/2029		14,842,849	^(l)
	7,710,000	4.65%, due 10/15/2025		8,550,915	^(l)
	400,000	Southern Gas Corridor CJSC, 6.88%, due 3/24/2026		480,032	^(p)

See Notes to Financial Statements

168

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		Targa Resources Partners L.P./Targa Resources Partners Finance Corp.
$	175,000	5.88%, due 4/15/2026	$	183,313
	170,000	6.50%, due 7/15/2027		184,875
	185,000	5.00%, due 1/15/2028		194,768
	165,000	6.88%, due 1/15/2029		185,213
				85,764,740
Real Estate 0.2%
EUR	200,000	ADLER Group SA, 2.25%, due 1/14/2029		232,970	^(p)
$	1,305,000	Country Garden Holdings Co. Ltd., 4.80%, due 8/6/2030		1,364,503	^(p)
EUR	220,000	Fastighets AB Balder, 1.25%, due 1/28/2028		267,755	^(p)
$	200,000	Greenland Global Investment Ltd., 6.75%, due 9/26/2023		176,059	^(p)
	200,000	Kaisa Group Holdings Ltd., 11.25%, due 4/9/2022		206,595	^(p)
	1,120,000	NWD MTN Ltd., 4.13%, due 7/18/2029		1,148,940	^(p)
	200,000	Sino-Ocean Land Treasure IV Ltd., (3M USD LIBOR + 2.30%), 2.49%, due 7/31/2021		200,139	^(b)(p)
		Sunac China Holdings Ltd.
	200,000	7.50%, due 2/1/2024		210,069	^(p)
	1,415,000	7.00%, due 7/9/2025		1,453,880	^(p)
	200,000	6.50%, due 1/26/2026		200,422	^(p)
				5,461,332
Real Estate Development & Management 0.5%
EUR	280,000	CPI Property Group SA, 4.88%, due 8/18/2026		353,461	^(p)(r)(s)
		Realogy Group LLC/Realogy Co-Issuer Corp.
$	1,435,000	4.88%, due 6/1/2023		1,492,400	^(k)
	2,220,000	7.63%, due 6/15/2025		2,425,350	^(k)
	2,530,000	9.38%, due 4/1/2027		2,827,275	^(k)
	7,181,000	5.75%, due 1/15/2029		7,450,288	^(k)
EUR	1,100,000	Vivion Investments S.a.r.l., 3.00%, due 8/8/2024		1,290,405	^(p)(q)
				15,839,179
Real Estate Investment Trusts 1.7%
$	1,875,000	Communications Sales & Leasing, Inc./CSL Capital LLC, 7.13%, due 12/15/2024		1,935,750	^(k)
EUR	219,000	Digital Dutch Finco BV, 1.25%, due 2/1/2031		269,576	^(p)
		EPR Properties
$	2,110,000	4.50%, due 6/1/2027		2,173,692
	1,875,000	4.95%, due 4/15/2028		1,959,886
	3,900,000	3.75%, due 8/15/2029		3,792,709
	6,776,000	ESH Hospitality, Inc., 5.25%, due 5/1/2025		6,913,553	^(k)
		Iron Mountain, Inc.
	1,660,000	4.88%, due 9/15/2027		1,726,400	^(k)
	5,045,000	5.25%, due 3/15/2028		5,292,205	^(k)
	1,085,000	5.00%, due 7/15/2028		1,122,975	^(k)
	1,715,000	4.88%, due 9/15/2029		1,746,762	^(k)
	805,000	5.25%, due 7/15/2030		836,194	^(k)
	5,965,000	5.63%, due 7/15/2032		6,289,735	^(k)
		Outfront Media Capital LLC/Outfront Media Capital Corp.
	1,581,000	5.00%, due 8/15/2027		1,630,406	^(k)
	680,000	4.63%, due 3/15/2030		673,200	^(k)
	7,375,000	QualityTech L.P./QTS Finance Corp., 3.88%, due 10/1/2028		7,439,531	^(k)
	3,010,000	RHP Hotel Properties L.P./RHP Finance Corp., 4.75%, due 10/15/2027		3,097,651

See Notes to Financial Statements

169

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		Trust F/1401
$	200,000	5.25%, due 12/15/2024	$	222,500	^(p)
	200,000	5.25%, due 1/30/2026		225,000	^(k)
EUR	200,000	Unibail-Rodamco-Westfield SE, 2.13%, due 7/25/2023		233,537	^(p)(r)(s)
$	3,860,000	Uniti Group L.P./Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.88%, due 2/15/2025		4,159,150	^(k)
	1,205,000	Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, 6.00%, due 4/15/2023		1,223,075	^(k)
				52,963,487
Recreation & Travel 2.0%
		Carnival Corp.
EUR	520,000	10.13%, due 2/1/2026		730,544	^(p)
$	1,135,000	10.50%, due 2/1/2026		1,337,768	^(k)
EUR	565,000	7.63%, due 3/1/2026		752,182	^(p)
$	4,745,000	7.63%, due 3/1/2026		5,195,775	^(k)
	5,310,000	5.75%, due 3/1/2027		5,598,758	^(k)
	4,730,000	9.88%, due 8/1/2027		5,557,750	^(k)
		Cedar Fair L.P./Canada's Wonderland Co./Magnum Management Corp./Millennium Op
	4,440,000	5.50%, due 5/1/2025		4,651,433	^(k)
	2,860,000	5.38%, due 4/15/2027		2,943,655
		Motion Bondco DAC
EUR	780,000	4.50%, due 11/15/2027		916,828	^(p)
$	1,380,000	6.63%, due 11/15/2027		1,393,800	^(k)
		NCL Corp. Ltd.
	2,615,000	3.63%, due 12/15/2024		2,510,139	^(k)
	2,870,000	5.88%, due 3/15/2026		2,999,150	^(k)
	595,000	NCL Finance Ltd., 6.13%, due 3/15/2028		626,725	^(k)
GBP	2,000,000	Pinnacle Bidco PLC, 6.38%, due 2/15/2025		2,793,062	^(p)(q)
		Royal Caribbean Cruises Ltd.
$	1,470,000	11.50%, due 6/1/2025		1,702,907	^(k)
	7,600,000	5.50%, due 4/1/2028		7,970,120	^(k)
	1,510,000	SeaWorld Parks & Entertainment, Inc., 9.50%, due 8/1/2025		1,639,588	^(k)
		Six Flags Entertainment Corp.
	1,620,000	4.88%, due 7/31/2024		1,630,125	^(k)
	4,735,000	5.50%, due 4/15/2027		4,888,887	^(k)(q)
	4,340,000	Six Flags Theme Parks, Inc., 7.00%, due 7/1/2025		4,688,806	^(k)
				60,528,002
Restaurants 0.1%
	2,250,000	1011778 BC ULC/New Red Finance, Inc., 4.00%, due 10/15/2030		2,193,750	^(k)
Retail 0.0%^(f)
	510,000	7-Eleven, Inc., (3M USD LIBOR + 0.45%), 0.65%, due 8/10/2022		510,311	^(b)(k)
Semiconductors 0.6%
		Broadcom, Inc.
	7,265,000	4.15%, due 11/15/2030		7,941,523	^(l)
	10,845,000	3.50%, due 2/15/2041		10,467,197	^(k)(l)
				18,408,720

See Notes to Financial Statements

170

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Software 0.1%
$	630,000	CDK Global, Inc., 4.88%, due 6/1/2027	$	666,219
EUR	217,000	Fidelity National Information Services, Inc., 1.00%, due 12/3/2028		268,071
$	1,200,000	Open Text Corp., 5.88%, due 6/1/2026		1,237,500	^(k)
				2,171,790
Software - Services 0.4%
EUR	305,000	Brunello Bidco SpA, 3.50%, due 2/15/2028		367,212	^(p)
EUR	565,000	Centurion Bidco SpA, 5.88%, due 9/30/2026		707,668	^(p)
$	1,775,000	Endurance Acquisition Merger Sub, 6.00%, due 2/15/2029		1,699,563	^(k)
EUR	590,000	IPD 3 BV, 5.50%, due 12/1/2025		736,436	^(p)
		Presidio Holdings, Inc.
$	1,485,000	4.88%, due 2/1/2027		1,529,550	^(k)
	1,865,000	8.25%, due 2/1/2028		2,032,850	^(k)
	1,470,000	Solera LLC/Solera Finance, Inc., 10.50%, due 3/1/2024		1,514,100	^(k)
	2,875,000	SS&C Technologies, Inc., 5.50%, due 9/30/2027		3,054,328	^(k)
				11,641,707
Specialty Retail 0.5%
EUR	2,000,000	Dufry One BV, 2.00%, due 2/15/2027		2,235,691	^(p)
EUR	1,325,000	eG Global Finance PLC, 4.38%, due 2/7/2025		1,543,127	^(p)
		L Brands, Inc.
$	500,000	9.38%, due 7/1/2025		634,375	^(k)
	705,000	5.25%, due 2/1/2028		772,856
	3,565,000	6.63%, due 10/1/2030		4,108,520	^(k)
EUR	1,000,000	Maxeda DIY Holding BV, 5.88%, due 10/1/2026		1,245,769	^(p)
		Petsmart, Inc./Petsmart Finance Corp.
$	925,000	4.75%, due 2/15/2028		953,906	^(k)
	2,635,000	7.75%, due 2/15/2029		2,854,944	^(k)
EUR	455,000	Tendam Brands SAU, (3M EURIBOR + 5.25%, Floor 5.25%), 5.25%, due 9/15/2024		523,775	^(b)(p)
				14,872,963
Steel Producers - Products 0.4%
		ArcelorMittal
$	4,860,000	7.25%, due 10/15/2039		6,854,447	^(u)
	3,860,000	7.00%, due 3/1/2041		5,360,332
				12,214,779
Support - Services 2.1%
	2,102,000	ADT Corp., 4.88%, due 7/15/2032		2,200,090	^(k)
		APX Group, Inc.
	1,360,000	7.63%, due 9/1/2023		1,395,700
	1,355,000	6.75%, due 2/15/2027		1,457,072	^(k)
		Aramark Services, Inc.
	1,880,000	6.38%, due 5/1/2025		1,999,850	^(k)
	7,755,000	5.00%, due 2/1/2028		8,113,669	^(k)
	3,540,000	ASGN, Inc., 4.63%, due 5/15/2028		3,681,600	^(k)
		Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
	2,865,000	5.75%, due 7/15/2027		3,033,347	^(k)(q)
	4,625,000	4.75%, due 4/1/2028		4,790,806	^(k)
	1,220,000	5.38%, due 3/1/2029		1,270,325	^(k)

See Notes to Financial Statements

171

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
EUR	460,000	Avis Budget Finance PLC, 4.75%, due 1/30/2026	$	561,310	^(p)
$	4,645,000	Beacon Roofing Supply, Inc., 4.88%, due 11/1/2025		4,751,510	^(k)
	1,725,000	Garda World Security Corp., 8.75%, due 5/15/2025		1,800,469	^(k)
	1,331,000	GW B-CR Security Corp., 9.50%, due 11/1/2027		1,467,427	^(k)
EUR	575,000	House of HR, 7.50%, due 1/15/2027		729,140	^(p)
$	3,035,000	IAA Spinco, Inc., 5.50%, due 6/15/2027		3,190,544	^(k)
EUR	755,000	Kapla Holding SAS, 3.38%, due 12/15/2026		901,953	^(p)
$	5,945,000	KAR Auction Services, Inc., 5.13%, due 6/1/2025		6,027,873	^(k)
EUR	847,000	La Financiere Atalian SASU, 4.00%, due 5/15/2024		995,178	^(p)
EUR	595,000	Loxam SAS, 5.75%, due 7/15/2027		712,024	^(p)
		Prime Security Services Borrower LLC/Prime Finance, Inc.
$	6,965,000	5.75%, due 4/15/2026		7,618,526	^(k)(l)
	745,000	3.38%, due 8/31/2027		719,856	^(k)
	1,950,000	6.25%, due 1/15/2028		2,037,750	^(k)
	1,980,000	Univar Solutions USA, Inc., 5.13%, due 12/1/2027		2,069,041	^(k)
EUR	410,000	Verisure Midholding AB, 5.25%, due 2/15/2029		508,283	^(k)
$	1,905,000	White Cap Buyer LLC, 6.88%, due 10/15/2028		2,021,681	^(k)
				64,055,024
Technology Hardware & Equipment 0.4%
		CommScope Finance LLC
	4,275,000	6.00%, due 3/1/2026		4,504,781	^(k)
	1,595,000	8.25%, due 3/1/2027		1,708,644	^(k)
	1,901,000	CommScope Technologies LLC, 6.00%, due 6/15/2025		1,934,267	^(k)
	2,555,000	CommScope, Inc., 7.13%, due 7/1/2028		2,762,594	^(k)
	2,035,000	Dell Int'l LLC/EMC Corp., 6.20%, due 7/15/2030		2,558,887	^(k)
EUR	162,000	Nokia Oyj, 3.13%, due 5/15/2028		215,332	^(p)
				13,684,505
Telecom - Satellite 0.1%
$	2,495,000	Intelsat Jackson Holdings SA, 8.00%, due 2/15/2024		2,579,206	^(k)
Telecom - Wireless 0.5%
		Sprint Capital Corp.
	1,565,000	6.88%, due 11/15/2028		1,971,943
	3,455,000	8.75%, due 3/15/2032		5,122,037
	990,000	Sprint Corp., 7.63%, due 3/1/2026		1,213,988
		T-Mobile USA, Inc.
	1,185,000	2.63%, due 2/15/2029		1,154,338
	6,900,000	2.88%, due 2/15/2031		6,736,125
				16,198,431
Telecom - Wireline Integrated & Services 1.0%
EUR	920,000	Altice Finco SA, 4.75%, due 1/15/2028		1,085,229	^(p)
		Altice France Holding SA
EUR	1,470,000	4.00%, due 2/15/2028		1,692,213	^(p)(q)
$	7,005,000	6.00%, due 2/15/2028		6,951,062	^(k)
		Altice France SA
	1,240,000	8.13%, due 2/1/2027		1,359,350	^(k)
	4,285,000	5.50%, due 1/15/2028		4,414,407	^(k)

See Notes to Financial Statements

172

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		Frontier Communications Corp.
$	1,550,000	5.88%, due 10/15/2027	$	1,646,875	^(k)
	1,205,000	5.00%, due 5/1/2028		1,230,606	^(k)
	1,790,000	6.75%, due 5/1/2029		1,885,693	^(k)
	1,425,000	Numericable-SFR SA, 7.38%, due 5/1/2026		1,477,440	^(k)
	8,325,000	Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, due 2/15/2029		8,275,341	^(k)
				30,018,216
Telecommunications 1.7%
		AT&T, Inc.
	335,000	(SOFR + 0.64%), 0.65%, due 3/25/2024		335,516	^(b)
	8,117,000	4.50%, due 3/9/2048		8,903,131	^(l)
	9,855,000	3.65%, due 6/1/2051		9,478,929	^(l)
	200,000	Bharti Airtel Int'l Netherlands BV, 5.35%, due 5/20/2024		220,073	^(p)
	1,950,000	C&W Senior Financing DAC, 6.88%, due 9/15/2027		2,067,000	^(k)
	200,000	MTN Mauritius Investments Ltd., 5.37%, due 2/13/2022		205,001	^(p)
	1,980,000	Oztel Holdings SPC Ltd., 6.63%, due 4/24/2028		2,204,037	^(k)
EUR	110,000	SoftBank Group Corp., 5.00%, due 4/15/2028		149,952	^(p)
$	9,010,000	T-Mobile USA, Inc., 4.50%, due 4/15/2050		10,161,568	^(k)(l)
	239,000	VEON Holdings BV, 4.00%, due 4/9/2025		251,022	^(k)
		Verizon Communications, Inc.
	1,390,000	(SOFR + 0.50%), 0.51%, due 3/22/2024		1,395,871	^(b)
EUR	222,000	1.13%, due 9/19/2035		262,535
$	8,440,000	3.55%, due 3/22/2051		8,573,946
	250,000	VF Ukraine PAT via VFU Funding PLC, 6.20%, due 2/11/2025		253,118	^(e)(p)
	5,535,000	Vodafone Group PLC, 5.25%, due 5/30/2048		6,991,535	^(l)
				51,453,234
Theaters & Entertainment 0.3%
		Live Nation Entertainment, Inc.
	1,990,000	4.88%, due 11/1/2024		2,027,313	^(k)
	4,615,000	6.50%, due 5/15/2027		5,099,575	^(k)
	1,705,000	4.75%, due 10/15/2027		1,720,443	^(k)
				8,847,331
Transportation 0.1%
EUR	216,000	CMA CGM SA, 5.25%, due 1/15/2025		265,077	^(p)
$	1,575,623	MV24 Capital BV, 6.75%, due 6/1/2034		1,668,774	^(k)
	1,135,000	Rumo Luxembourg S.a.r.l., 5.25%, due 1/10/2028		1,206,505	^(k)
				3,140,356
Transportation Infrastructure - Services 0.2%
EUR	400,000	Abertis Infraestructuras Finance BV, 3.25%, due 11/24/2025		492,932	^(p)(r)(s)
EUR	595,000	Atlantia SpA, 1.88%, due 7/13/2027		734,963	^(p)
EUR	896,000	Autostrade per l'Italia SpA, 1.88%, due 9/26/2029		1,093,571	^(p)
$	1,225,000	BBA U.S. Holdings, Inc., 5.38%, due 5/1/2026		1,252,538	^(k)
EUR	960,000	CMA CGM SA, 7.50%, due 1/15/2026		1,272,436	^(p)
GBP	505,000	National Express Group PLC, 4.25%, due 11/26/2025		727,880	^(p)(r)(s)
				5,574,320

See Notes to Financial Statements

173

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Water 0.0%^(f)
EUR	200,000	Veolia Environnement SA, 2.50%, due 1/20/2029	$	241,953	^(p)(r)(s)
		Total Corporate Bonds (Cost $1,639,477,583)		1,696,799,168
Convertible Bonds 0.1%
Media 0.1%
$	2,720,000	DISH Network Corp., 3.38% ,due 8/15/2026 (Cost $2,470,825)		2,862,800
Municipal Notes 1.5%
California 0.4%
	1,370,000	Bay Area Toll Au. Toll Bridge Rev. (Build America Bonds), Ser. 2010-S-1, 7.04%, due 4/1/2050		2,323,456
	1,370,000	California St. G.O. (Build America Bonds), Ser. 2010, 7.63%, due 3/1/2040		2,239,080
	2,055,000	California St. Univ. Ref. Rev., Ser. 2020-B, 2.98%, due 11/1/2051		2,048,049
	2,120,000	Foothill-Eastern Trans. Corridor Agcy. Toll Road Rev. Ref., (AGM Insured), Ser. 2019-A, 3.92%, due 1/15/2053		2,213,980
	1,105,000	Los Angeles Comm. College Dist. G.O. (Build America Bonds), Ser. 2010-E, 6.75%, due 8/1/2049		1,843,170
	1,710,000	Univ. of California Regents Med. Ctr. Pooled Rev., Ser. 2020-N, 3.01%, due 5/15/2050		1,672,873
				12,340,608
Massachusetts 0.0%^(f)
	1,060,000	Massachusetts St. Ed. Fin. Au. Rev. Ref., Ser. 2018-A, 4.08%, due 7/1/2027		1,190,757
Michigan 0.1%
	1,770,000	Michigan Fin. Au. Hosp. Rev. Ref. (Trinity Hlth. Credit Group), Ser. 2019-T, 3.38%, due 12/1/2040		1,893,414
Nevada 0.1%
	2,055,000	Clark Co. Nevada G.O. (Las Vegas Convention and Visitors Au.), Ser. 2019-D, 3.23%, due 7/1/2044		2,067,597
New Jersey 0.0%^(f)
	695,000	Atlantic City G.O. Ref., Ser. 2018, 4.29%, due 9/1/2026		756,203
	620,000	New Jersey St. Hsg. & Mtge. Fin. Agcy. Rev. Ref. (Single Family Hsg.), Ser. 2018-B, 3.80%, due 10/1/2032		676,827
				1,433,030
New York 0.2%
	2,055,000	New York City Ref. G.O., Ser. 2020-C-3, 2.41%, due 8/1/2032		2,072,575
	2,055,000	New York City Transitional Fin. Au. Rev. (Future Tax Secured), Subser. 2019-C-3, 3.50%, due 11/1/2032		2,231,795
	2,740,000	New York St. Dorm. Au. Rev. Non St. Supported Debt Ref. (New York Univ.), Ser. 2020-B, 2.69%, due 7/1/2040		2,666,329
				6,970,699

See Notes to Financial Statements

174

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
Ohio 0.3%
$	2,055,000	Highland Local Sch. Dist. G.O. Ref., Ser. 2020, 3.19%, due 12/1/2049	$	2,033,916
	2,055,000	JobsOhio Beverage Sys. Statewide Liquor Profits Rev. Ref., Ser. 2020-A, 2.83%, due 1/1/2038		2,117,806
	2,230,000	Ohio St. Turnpike Commission Junior Lien Rev. Ref. (Infrastructure Proj.), Ser. 2020-A, 3.22%, due 2/15/2048		2,254,878
	2,055,000	Ohio Univ. Gen. Receipt Athens Ref. Rev., Ser. 2020, 2.91%, due 12/1/2043		1,979,034
				8,385,634
Pennsylvania 0.1%
	2,055,000	Commonwealth Fin. Au. Rev. Ref., Ser. 2020-C, 3.53%, due 6/1/2042		2,064,166
Texas 0.2%
	1,710,000	Dallas Area Rapid Transit Sales Tax Rev. Ref., Ser. 2020-C, 2.82%, due 12/1/2042		1,728,312
	2,055,000	Grand Parkway Trans. Corp. Sys. Sub. Tier Toll Rev. Ref., Ser. 2020-B, 3.24%, due 10/1/2052		2,077,827
	1,410,000	Texas St. Private Activity Bond Surface Trans. Corp. Sr. Lien Rev. Ref. (North Tarrant Express Managed Lanes Proj.), Ser. 2019-B, 3.92%, due 12/31/2049		1,516,628
	2,125,000	Texas St. Trans. Commission Central Texas Turnpike Sys. First Tier Rev. Ref., Ser. 2020-C, 3.03%, due 8/15/2041		2,120,313
				7,443,080
Utah 0.1%
	2,055,000	Utah St. Transit Au. Sales Tax Rev. Ref., Ser. 2020, 2.77%, due 12/15/2038		2,067,861
		Total Municipal Notes (Cost $46,036,233)		45,856,846
Asset-Backed Securities 4.8%
	1,100,000	AIMCO CLO, Ser. 2018-AA, Class E, (3M USD LIBOR + 5.15%), 5.34%, due 4/17/2031		1,050,210	^(b)(k)
		AIMCO CLO 10 Ltd.
	1,050,000	Ser. 2019-10A, Class D, (3M USD LIBOR + 3.55%), 3.73%, due 7/22/2032		1,052,323	^(b)(k)
	2,000,000	Ser. 2019-10A, Class E, (3M USD LIBOR + 6.55%), 6.73%, due 7/22/2032		1,999,564	^(b)(k)
	550,000	Alinea CLO Ltd., Ser. 2018-1A, Class E, (3M USD LIBOR + 6.00%), 6.19%, due 7/20/2031		540,153	^(b)(k)
	7,960,000	AM Capital Funding LLC, Ser. 2018-1, Class A, 4.98%, due 12/15/2023		8,334,976	^(k)
		American Express Credit Account Master Trust
	1,000,000	Ser. 2017-2, Class A, (1M USD LIBOR + 0.45%), 0.56%, due 9/16/2024		1,003,393	^(b)
	665,000	Ser. 2017-5, Class A, (1M USD LIBOR + 0.38%), 0.49%, due 2/18/2025		667,685	^(b)
		Apidos CLO XXVIII
	500,000	Ser. 2017-28A, Class C, (3M USD LIBOR + 2.50%), 2.69%, due 1/20/2031		483,069	^(b)(k)
	500,000	Ser. 2017-28A, Class D, (3M USD LIBOR + 5.50%), 5.69%, due 1/20/2031		465,650	^(b)(k)
	5,000,000	Apidos CLO XXXI, Ser. 2019-31A, Class D, (3M USD LIBOR + 3.65%), 3.83%, due 4/15/2031		5,001,937	^(b)(k)
	1,396,705	Apollo Aviation Securitization Asset Trust, Ser. 2020-1A, Class A, 3.35%, due 1/16/2040		1,385,379	^(k)
		Ares LIII CLO Ltd.
	4,750,000	Ser. 2019-53A, Class D, (3M USD LIBOR + 3.75%), 3.93%, due 4/24/2031		4,751,242	^(b)(k)
	1,700,000	Ser. 2019-53A, Class E, (3M USD LIBOR + 6.85%), 7.03%, due 4/24/2031		1,701,780	^(b)(k)
	2,000,000	Ares XLV CLO Ltd., Ser. 2017-45A, Class E, (3M USD LIBOR + 6.10%), 6.28%, due 10/15/2030		1,963,348	^(b)(k)

See Notes to Financial Statements

175

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	116,366	Asset Backed Securities Corp. Home Equity Loan Trust, Ser. 2004-HE5, Class M2, (1M USD LIBOR + 1.88%), 1.98%, due 8/25/2034	$	116,358	^(b)
	3,300,000	Assurant CLO I Ltd., Ser. 2017-1A, Class E, (3M USD LIBOR + 6.46%), 6.65%, due 10/20/2029		3,238,701	^(b)(k)
		Assurant CLO II Ltd.
	250,000	Ser. 2018-1A, Class D, (3M USD LIBOR + 2.85%), 3.04%, due 4/20/2031		245,197	^(b)(k)
	1,500,000	Ser. 2018-1A, Class E, (3M USD LIBOR + 5.60%), 5.79%, due 4/20/2031		1,425,148	^(b)(k)
	3,000,000	Benefit Street Partners CLO XII Ltd., Ser. 2017-12A, Class D, (3M USD LIBOR + 6.41%), 6.59%, due 10/15/2030		2,949,343	^(b)(k)
	700,000	BlueMountain CLO XXV Ltd., Ser. 2019-25A, Class D, (3M USD LIBOR + 3.55%), 3.73%, due 7/15/2032		701,601	^(b)(k)
	400,000	BMW Vehicle Lease Trust, Ser. 2021-1, Class A2, 0.20%, due 3/27/2023		399,934
	274,639	BMW Vehicle Owner Trust, Ser. 2020-A, Class A2, 0.39%, due 2/27/2023		274,810
	650,000	Canyon Capital CLO Ltd., Ser. 2014-1A, Class DR, (3M USD LIBOR + 5.50%), 5.71%, due 1/30/2031		601,405	^(b)(k)
	1,005,000	Capital One Multi-Asset Execution Trust, Ser. 2016-A7, Class A7, (1M USD LIBOR + 0.51%), 0.62%, due 9/16/2024		1,007,832	^(b)
		Carbone CLO Ltd.
	1,000,000	Ser. 2017-1A, Class C, (3M USD LIBOR + 2.60%), 2.79%, due 1/20/2031		981,857	^(b)(k)
	1,000,000	Ser. 2017-1A, Class D, (3M USD LIBOR + 5.90%), 6.09%, due 1/20/2031		995,502	^(b)(k)
	1,120,000	CARLYLE U.S. CLO Ltd., Ser. 2017-5A, Class D, (3M USD LIBOR + 5.30%), 5.49%, due 1/20/2030		1,024,218	^(b)(k)
	4,564,799	Carrington Mortgage Loan Trust, Ser. 2006-RFC1, Class A4, (1M USD LIBOR + 0.48%), 0.59%, due 3/25/2036		4,545,324	^(b)
	1,000,000	Chase Issuance Trust, Ser. 2016-A3, Class A3, (1M USD LIBOR + 0.55%), 0.66%, due 6/15/2023		1,000,703	^(b)
		CIFC Funding III Ltd.
	750,000	Ser. 2020-3A, Class E, (3M USD LIBOR + 7.35%), 7.54%, due 10/20/2031		752,652	^(b)(k)
	2,350,000	Ser. 2019-3A, Class D, (3M USD LIBOR + 6.80%), 6.98%, due 7/16/2032		2,350,949	^(b)(k)
	1,500,000	Citibank Credit Card Issuance Trust, Ser. 2017-A7, Class A7, (1M USD LIBOR + 0.37%), 0.48%, due 8/8/2024		1,505,805	^(b)
	474,436	Citigroup Mortgage Loan Trust, Inc., Ser. 2006-AMC1, Class A2B, (1M USD LIBOR + 0.32%), 0.27%, due 9/25/2036		433,145	^(b)
	3,650,000	Dryden 36 Senior Loan Fund, Ser. 2014-36A, Class ER2, (3M USD LIBOR + 6.88%), 7.06%, due 4/15/2029		3,641,145	^(b)(k)
	250,000	Dryden 45 Senior Loan Fund, Ser. 2016-45A, Class ER, (3M USD LIBOR + 5.85%), 6.03%, due 10/15/2030		242,895	^(b)(k)
		Dryden 53 CLO Ltd.
	300,000	Ser. 2017-53A, Class D, (3M USD LIBOR + 2.40%), 2.58%, due 1/15/2031		287,768	^(b)(k)
	750,000	Ser. 2017-53A, Class E, (3M USD LIBOR + 5.30%), 5.48%, due 1/15/2031		716,718	^(b)(k)
	2,350,000	Dryden 54 Senior Loan Fund, Ser. 2017-54A, Class E, (3M USD LIBOR + 6.20%), 6.39%, due 10/19/2029		2,316,242	^(b)(k)
		Eaton Vance CLO Ltd.
	850,000	Ser. 2015-1A, Class DR, (3M USD LIBOR + 2.50%), 2.69%, due 1/20/2030		824,712	^(b)(k)
	900,000	Ser. 2015-1A, Class ER, (3M USD LIBOR + 5.60%), 5.79%, due 1/20/2030		853,468	^(b)(k)
	750,000	Ser. 2018-1A, Class E, (3M USD LIBOR + 6.00%), 6.18%, due 10/15/2030		737,650	^(b)(k)
	2,150,000	Flatiron CLO 18 Ltd., Ser. 2018-1A, Class E, (3M USD LIBOR + 5.15%), 5.34%, due 4/17/2031		2,096,173	^(b)(k)
	700,000	Flatiron CLO Ltd., Ser. 2017-1A, Class ER, (3M USD LIBOR + 5.90%), 6.10%, due 5/15/2030		696,988	^(b)(k)
	177,579	Ford Credit Auto Owner Trust, Ser. 2020-A, Class A2, 1.03%, due 10/15/2022		177,873
	902,369	Foundation Finance Trust, Ser. 2019-1A, Class A, 3.86%, due 11/15/2034		933,111	^(k)
	1,600,000	Galaxy XVIII CLO Ltd., Ser. 2018-28A, Class E, (3M USD LIBOR + 6.00%), 6.18%, due 7/15/2031		1,540,604	^(b)(k)
	250,000	Galaxy XXVII CLO Ltd., Ser. 2018-27A, Class E, (3M USD LIBOR + 5.78%), 5.97%, due 5/16/2031		247,586	^(b)(k)

See Notes to Financial Statements

176

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	1,600,000	Gilbert Park CLO Ltd., Ser. 2017-1A, Class E, (3M USD LIBOR + 6.40%), 6.58%, due 10/15/2030	$	1,594,607	^(b)(k)
	306,694	GM Financial Consumer Automobile Receivables Trust, Ser. 2020-2, Class A2B, (1M USD LIBOR + 1.05%), 1.17%, due 3/16/2023		307,359	^(b)
	500,000	Golden Credit Card Trust, Ser. 2019-2A, Class A, (1M USD LIBOR + 0.35%), 0.46%, due 10/15/2023		500,552	^(b)(k)
	581,283	Hyundai Auto Lease Securitization Trust, Ser. 2020-B, Class A2, 0.36%, due 1/17/2023		581,647	^(k)
	376,462	Hyundai Auto Receivables Trust, Ser. 2020-B, Class A2, 0.38%, due 3/15/2023		376,693
	1,250,000	Jay Park CLO Ltd., Ser. 2019-1A, Class DR, (3M USD LIBOR + 5.20%), 5.39%, due 10/20/2027		1,213,836	^(b)(k)
		JP Morgan Mortgage Acquisition Trust
	515,346	Ser. 2006-CH1, Class M1, (1M USD LIBOR + 0.22%), 0.33%, due 7/25/2036		515,165	^(b)
	144,888	Ser. 2007-CH1, Class MV2, (1M USD LIBOR + 0.28%), 0.39%, due 11/25/2036		144,823	^(b)
	2,000,000	KKR CLO 16 Ltd., Ser. 2016, Class DR, (3M USD LIBOR + 6.75%), 6.94%, due 1/20/2029		1,989,946	^(b)(k)
	5,500,000	KKR CLO 25 Ltd., Ser. 2025, Class D, (3M USD LIBOR + 3.85%), 4.03%, due 4/15/2032		5,500,273	^(b)(k)
	3,000,000	Madison Park Funding XXXV Ltd., Ser. 2019-35A, Class ER, (3M USD LIBOR + 6.10%), 6.29%, due 4/20/2032		2,999,927	^(b)(k)
		Magnetite CLO Ltd.
	3,000,000	Ser. 2019-22A, Class DR, (3M USD LIBOR + 3.10%), due 4/15/2031		2,999,682	^(b)(d)(k)(v)
	3,000,000	Ser. 2019-22A, Class D, (3M USD LIBOR + 3.65%), 3.83%, due 4/15/2031		2,999,962	^(b)(k)
	250,000	Ser. 2018-20A, Class D, (3M USD LIBOR + 2.50%), 2.69%, due 4/20/2031		244,459	^(b)(k)
	250,000	Ser. 2018-20A, Class E, (3M USD LIBOR + 5.35%), 5.54%, due 4/20/2031		242,285	^(b)(k)
	1,000,000	Ser. 2015-12A, Class ER, (3M USD LIBOR + 5.68%), 5.86%, due 10/15/2031		977,419	^(b)(k)
	1,000,000	Magnetite XXVIII Ltd., Ser. 2020-28A, Class E, (3M USD LIBOR + 7.08%), 7.26%, due 10/25/2031		1,002,948	^(b)(k)
	500,000	Marble Point CLO XI Ltd., Ser. 2017-2A, Class D, (3M USD LIBOR + 2.80%), 2.99%, due 12/18/2030		471,201	^(b)(k)
		Marlette Funding Trust
	634,473	Ser. 2019-4A, Class A, 2.39%, due 12/17/2029		638,854	^(k)
	152,610	Ser. 2020-1A, Class A, 2.24%, due 3/15/2030		153,076	^(k)
	560,000	Mercedes-Benz Auto Lease Trust, Ser. 2021-A, Class A2, 0.18%, due 3/15/2023		559,799
	460,000	MMAF Equipment Finance LLC, Ser. 2021-A, Class A2, 0.30%, due 4/15/2024		459,917	^(k)(v)
	750,000	Niagara Park CLO Ltd., Ser. 2019-1A, Class D, (3M USD LIBOR + 3.55%), 3.74%, due 7/17/2032		750,909	^(b)(k)
		OCP CLO Ltd.
	2,800,000	Ser. 2015-10A, Class CR, (3M USD LIBOR + 2.60%), 2.78%, due 10/26/2027		2,794,848	^(b)(k)
	3,800,000	Ser. 2017-14A, Class C, (3M USD LIBOR + 2.60%), 2.78%, due 11/20/2030		3,730,397	^(b)(k)
	1,800,000	Ser. 2017-14A, Class D, (3M USD LIBOR + 5.80%), 5.98%, due 11/20/2030		1,771,532	^(b)(k)
	1,000,000	Ser. 2018-15A, Class D, (3M USD LIBOR + 5.85%), 6.04%, due 7/20/2031		995,394	^(b)(k)
	3,200,000	Octagon Investment Partners 41 Ltd., Ser. 2019-2A, Class E, (3M USD LIBOR + 6.90%), 7.08%, due 4/15/2031		3,200,259	^(b)(k)
	1,000,000	OHA Credit Funding 3 Ltd., Ser. 2019-3A, Class D, (3M USD LIBOR + 3.55%), 3.74%, due 7/20/2032		1,002,187	^(b)(k)
	750,000	OHA Credit Partners XV Ltd., Ser. 2017-15A, Class D, (3M USD LIBOR + 2.45%), 2.64%, due 1/20/2030		732,661	^(b)(k)
		Palmer Square CLO Ltd.
	2,500,000	Ser. 2015-1A, Class DR2, (3M USD LIBOR + 6.25%), 6.43%, due 5/21/2029		2,495,050	^(b)(k)
	700,000	Ser. 2014-1A, Class DR2, (3M USD LIBOR + 5.70%), 5.89%, due 1/17/2031		689,543	^(b)(k)
	1,600,000	Ser. 2018-1A, Class D, (3M USD LIBOR + 5.15%), 5.34%, due 4/18/2031		1,536,312	^(b)(k)
	300,000	PPM CLO 3 Ltd., Ser. 2019-3A, Class DR, (3M USD LIBOR + 3.10%), 3.29%, due 4/17/2034		298,839	^(b)(k)
	1,000,000	Riserva CLO Ltd., Ser. 2016-3A, Class ERR, (3M USD LIBOR + 6.50%), 6.69%, due 1/18/2034		999,970	^(b)(k)
	980,000	Santander Retail Auto Lease Trust, Ser. 2021-A, Class A2, 0.32%, due 2/20/2024		979,921	^(k)

See Notes to Financial Statements

177

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	223,988	Securitized Asset Backed Receivables LLC Trust, Ser. 2004-DO1, Class M1, (1M USD LIBOR + 0.98%), 1.08%, due 7/25/2034	$	222,115	^(b)
	3,250,000	Signal Peak CLO 7 Ltd., Ser. 2019-1A, Class D, (3M USD LIBOR + 3.85%), 4.04%, due 4/30/2032		3,250,641	^(b)(k)
	1,000,000	Symphony CLO XXI Ltd., Ser. 2019-21A, Class D, (3M USD LIBOR + 3.65%), 3.83%, due 7/15/2032		1,001,616	^(b)(k)
	500,000	TCW CLO Ltd., Ser. 2017-1A, Class ER, (3M USD LIBOR + 6.75%), 6.93%, due 7/29/2029		504,002	^(b)(k)
	750,000	Tesla Auto Lease Trust, Ser. 2021-A, Class A2, 0.36%, due 3/20/2025		750,706	^(k)
	1,150,000	TICP CLO V Ltd., Ser. 2016-5A, Class ER, (3M USD LIBOR + 5.75%), 5.94%, due 7/17/2031		1,115,827	^(b)(k)
	3,500,000	TICP CLO VIII Ltd., Ser. 2017-8A, Class D, (3M USD LIBOR + 6.55%), 6.74%, due 10/20/2030		3,513,504	^(b)(k)
	1,000,000	TICP CLO X Ltd., Ser. 2018-10A, Class E, (3M USD LIBOR + 5.50%), 5.69%, due 4/20/2031		981,390	^(b)(k)
		TICP CLO XIII Ltd.
	1,150,000	Ser. 2019-13E, Class E, (3M USD LIBOR + 6.75%), 6.93%, due 7/15/2032		1,150,012	^(b)(k)
	1,150,000	Ser. 2019-13E, Class ER, (3M USD LIBOR + 6.20%), due 4/15/2034		1,138,500	^{(d)(d)(k)(v)(w)}
	1,300,000	TRESTLES CLO II Ltd., Ser. 2018-2A, Class D, (3M USD LIBOR + 5.75%), 5.93%, due 7/25/2031		1,294,273	^(b)(k)
	1,200,000	TRESTLES CLO Ltd., Ser. 2017-1A, Class DR, (3M USD LIBOR + 6.25%), 6.45%, due 4/25/2032		1,199,977	^(b)(k)
	4,000,000	Verde CLO Ltd., Ser. 2019-1A, Class DR, (3M USD LIBOR + 3.25%), 3.43%, due 4/15/2032		3,999,956	^(b)(k)
		Verizon Owner Trust
	515,831	Ser. 2019-A, Class A1B, (1M USD LIBOR + 0.33%), 0.45%, due 9/20/2023		516,634	^(b)
	1,000,000	Ser. 2019-B, Class A1B, (1M USD LIBOR + 0.45%), 0.57%, due 12/20/2023		1,000,676	^(b)
	212,640	Volkswagen Auto Loan Enhanced Trust, Ser. 2020-1, Class A2A, 0.93%, due 12/20/2022		213,018
		Voya CLO Ltd.
	250,000	Ser. 2018-3A, Class E, (3M USD LIBOR + 5.75%), 5.93%, due 10/15/2031		239,994	^(b)(k)
	350,000	Ser. 2016-3A, Class DR, (3M USD LIBOR + 6.08%), 6.27%, due 10/18/2031		318,699	^(b)(k)
	3,325,000	Westcott Park CLO Ltd., Ser. 2016-1A, Class ER, (3M USD LIBOR + 6.40%), 6.59%, due 7/20/2028		3,288,593	^(b)(k)
	1,550,000	York CLO-2 Ltd., Ser. 2015-1A, Class DR, (3M USD LIBOR + 2.60%), 2.78%, due 1/22/2031		1,507,890	^(b)(k)
		Total Asset-Backed Securities (Cost $145,115,945)		145,924,401
Foreign Government Securities 4.2%
	5,100,000	1MDB Global Investments Ltd., 4.40%, due 3/9/2023		5,134,832	^(p)
		Angolan Government International Bond
	200,000	9.50%, due 11/12/2025		219,139	^(p)
	4,945,000	9.38%, due 5/8/2048		5,084,795	^(k)
		Argentine Republic Government International Bond
	5,982	1.00%, due 7/9/2029		2,267
	195,940	0.13%, due 7/9/2030		71,028	^(u)
	650,000	Bahrain Government International Bond, 5.45%, due 9/16/2032		644,800	^(k)
	944,619	Brazil Loan Trust 1, 5.48%, due 7/24/2023		982,413	^(p)
		Brazil Notas do Tesouro Nacional
BRL	6,000,000	Ser. F, 10.00%, due 1/1/2025		1,177,008
BRL	23,170,000	Ser. F, 10.00%, due 1/1/2029		4,385,019
EUR	80,000	Bundesrepublik Deutschland Bundesanleihe, 2.50%, due 8/15/2046		148,915	^(p)
		Colombian TES
COP	1,235,700,000	Ser. B, 5.75%, due 11/3/2027		321,513
COP	11,863,000,000	Ser. B, 6.00%, due 4/28/2028		3,099,652

See Notes to Financial Statements

178

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
COP	8,337,100,000	Ser. B, 7.00%, due 6/30/2032	$	2,182,216
COP	7,220,600,000	Ser. B, 7.25%, due 10/18/2034		1,895,260
		Costa Rica Government International Bond
$	200,000	4.25%, due 1/26/2023		202,700	^(p)
	865,000	7.00%, due 4/4/2044		886,625	^(k)
EUR	205,000	Cyprus Government International Bond, 0.00%, due 2/9/2026		245,740	^(p)
		Deutsche Bundesrepublik Inflation-Linked Bond^(j)
EUR	189,469	0.50%, due 4/15/2030		275,192	^(p)
EUR	133,833	0.10%, due 4/15/2033		194,549	^(p)
EUR	117,730	0.10%, due 4/15/2046		199,701	^(p)
		Dominican Republic International Bond
$	200,000	5.88%, due 4/18/2024		214,980	^(p)
	3,865,000	6.85%, due 1/27/2045		4,396,437	^(k)
	560,000	Ecuador Government International Bond, 0.50%, due 7/31/2030		467,600	^(k)(u)
		Egypt Government International Bond
	200,000	5.75%, due 5/29/2024		211,280	^(p)
	200,000	5.25%, due 10/6/2025		208,087	^(p)
	2,205,000	8.50%, due 1/31/2047		2,272,826	^(k)
	3,855,000	7.50%, due 2/16/2061		3,570,694	^(k)
	485,000	El Salvador Government International Bond, 9.50%, due 7/15/2052		549,262	^(k)
	1,075,000	Finance Department Government of Sharjah, 4.00%, due 7/28/2050		939,184	^(k)
		French Republic Government Bond OAT
EUR	497,854	0.10%, due 3/1/2025		639,664	^(j)(p)
EUR	426,846	0.10%, due 3/1/2026		562,411	^(j)(p)
EUR	446,269	1.85%, due 7/25/2027		663,474	^(j)(p)
EUR	219,858	0.10%, due 3/1/2028		293,841	^(j)(p)
EUR	505,578	0.10%, due 7/25/2031		703,187	^(j)(p)
EUR	120,000	1.50%, due 5/25/2050		166,860	^(p)
		Ghana Government International Bond
$	200,000	6.38%, due 2/11/2027		198,621	^(p)
	3,225,000	10.75%, due 10/14/2030		4,070,595	^(k)
		Hellenic Republic Government Bond
EUR	2,000,000	1.88%, due 7/23/2026		2,620,370	^(p)
EUR	179,000	0.75%, due 6/18/2031		210,200	^(p)
EUR	96,264	3.90%, due 1/30/2033		151,819	^(p)
$	1,050,000	Indonesia Government International Bond, 5.25%, due 1/17/2042		1,275,478	^(k)
		Indonesia Treasury Bond
IDR	72,098,000,000	6.13%, due 5/15/2028		4,957,800
IDR	55,908,000,000	8.25%, due 5/15/2029		4,293,672
IDR	26,460,000,000	7.00%, due 9/15/2030		1,888,689
		Italy Buoni Poliennali Del Tesoro
EUR	356,858	2.60%, due 9/15/2023		474,100	^(j)(p)
EUR	1,133,000	1.45%, due 11/15/2024		1,435,118	^(p)
EUR	367,000	1.45%, due 5/15/2025		466,511	^(p)
EUR	432,182	1.40%, due 5/26/2025		553,987	^(j)(p)
EUR	224,000	1.85%, due 7/1/2025		289,393	^(p)
EUR	350,047	0.55%, due 5/21/2026		435,405	^(j)(p)
EUR	270,304	3.10%, due 9/15/2026		400,431	^(j)(p)
EUR	544,000	3.00%, due 8/1/2029		776,461	^(p)
EUR	288,300	0.40%, due 5/15/2030		373,609	^(j)(p)
EUR	888,000	0.90%, due 4/1/2031		1,070,839	^(p)
EUR	155,000	2.45%, due 9/1/2033		215,015	^(p)
EUR	440,000	4.00%, due 2/1/2037		725,146	^(p)
EUR	35,000	1.50%, due 4/30/2045		40,324	^(p)
		Ivory Coast Government International Bond
$	424,167	5.75%, due 12/31/2032		427,972	^(p)(u)

See Notes to Financial Statements

179

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
$	1,399,751	5.75%, due 12/31/2032	$	1,412,307	^(k)(u)
	750,000	6.13%, due 6/15/2033		794,508	^(k)
	1,970,000	Kenya Government International Bond, 6.88%, due 6/24/2024		2,182,366	^(k)
EUR	166,995	Kingdom of Belgium Government Bond, 1.45%, due 6/22/2037		230,341	^(p)
		Mexican Bonos
MXN	75,340,000	Ser. M20, 8.50%, due 5/31/2029		4,142,975
MXN	26,490,000	Ser. M, 7.75%, due 5/29/2031		1,387,557
MXN	15,400,000	Ser. M, 7.75%, due 11/23/2034		795,711
MXN	25,070,000	Ser. M, 7.75%, due 11/13/2042		1,231,595
$	810,000	Mongolia Government International Bond, 5.13%, due 4/7/2026		867,857	^(k)
	200,000	Namibia International Bonds, 5.50%, due 11/3/2021		202,508	^(p)
EUR	350,633	Netherlands Kingdom, 4.00%, due 1/15/2037		674,902	^(p)
$	2,365,000	Nigeria Government International Bond, 7.88%, due 2/16/2032		2,546,112	^(k)
		Oman Government International Bond
	206,000	4.13%, due 1/17/2023		211,985	^(p)
	1,485,000	6.75%, due 1/17/2048		1,480,545	^(k)
	2,845,000	7.00%, due 1/25/2051		2,901,507	^(k)
		Peruvian Government International Bond
	100,000	7.35%, due 7/21/2025		122,625
PEN	147,000	6.95%, due 8/12/2031		43,465	^(p)
		Portugal Obrigacoes do Tesouro OT
EUR	68,000	0.48%, due 10/18/2030		82,550	^(p)
EUR	77,000	4.10%, due 2/15/2045		148,337	^(p)
$	203,578	Provincia de Cordoba, 3.00%, due 12/10/2025		139,105	^(p)(u)
	370,000	Qatar Government International Bond, 3.88%, due 4/23/2023		394,085	^(p)
	840,000	Republic of Armenia International Bond, 3.60%, due 2/2/2031		768,348	^(k)
EUR	75,000	Republic of Austria Government Bond, 0.70%, due 4/20/2071		85,364	^(p)
		Republic of South Africa Government Bond
ZAR	31,218,337	8.00%, due 1/31/2030		1,989,082
ZAR	52,039,335	8.25%, due 3/31/2032		3,159,708
ZAR	15,642,353	8.50%, due 1/31/2037		874,538
ZAR	20,621,129	9.00%, due 1/31/2040		1,176,008
$	2,530,000	Republic of South Africa Government International Bond, 5.65%, due 9/27/2047		2,432,013
		Romanian Government International Bond
EUR	53,000	2.75%, due 2/26/2026		70,152	^(p)
EUR	116,000	2.88%, due 5/26/2028		154,418	^(p)
EUR	161,000	3.62%, due 5/26/2030		223,076	^(p)
EUR	311,000	3.88%, due 10/29/2035		433,575	^(p)
		Russian Federal Bond - Obligatsyi Federal'novo Zaima
RUB	304,181,000	7.05%, due 1/19/2028		4,117,278
RUB	137,926,000	8.50%, due 9/17/2031		2,036,865
RUB	44,181,000	7.70%, due 3/23/2033		617,897
RUB	66,191,000	7.25%, due 5/10/2034		893,331
EUR	226,000	San Marino Government Bond, 3.25%, due 2/24/2024		278,205	^(p)
EUR	224,000	Serbia International Bond, 3.13%, due 5/15/2027		296,104	^(p)
		Spain Government Bond
EUR	448,000	1.45%, due 10/31/2027		588,050	^(p)
EUR	465,000	0.10%, due 4/30/2031		538,454	^(p)
EUR	184,000	0.85%, due 7/30/2037		216,828	^(p)
		Spain Government Inflation-Linked Bond^(j)
EUR	190,108	1.80%, due 11/30/2024		259,256	^(p)
EUR	254,528	1.00%, due 11/30/2030		368,116	^(p)
		Sri Lanka Government International Bond
$	302,000	6.85%, due 3/14/2024		209,663	^(p)
	200,000	6.35%, due 6/28/2024		138,838	^(p)
	255,000	7.85%, due 3/14/2029		166,076	^(k)

See Notes to Financial Statements

180

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

PRINCIPAL AMOUNT^(a)			VALUE
		Turkey Government Bond
TRY	11,813,158	10.70%, due 8/17/2022	$	1,324,900
TRY	43,332,823	11.70%, due 11/13/2030		3,794,152
		Turkey Government International Bond
$	400,000	5.75%, due 3/22/2024		406,440
	1,690,000	5.88%, due 6/26/2031		1,582,736
		Turkiye Ihracat Kredi Bankasi AS
	360,000	5.38%, due 10/24/2023		361,066	^(p)
	200,000	8.25%, due 1/24/2024		212,450	^(k)
		Ukraine Government International Bond
	200,000	8.99%, due 2/1/2024		219,740	^(p)
	4,855,000	7.25%, due 3/15/2033		4,855,000	^(k)
	66,667	Ukreximbank Via Biz Finance PLC, 9.63%, due 4/27/2022		68,668	^(p)
	1,295,300	Venezuela Government International Bond, 8.25%, due 10/13/2024		132,768	^(p)(x)
		Total Foreign Government Securities (Cost $135,897,017)		127,606,812
NUMBER OF SHARES
Closed-End Funds 0.1%
Investment Companies^(y) 0.1%
	1,588,889	Neuberger Berman Global Monthly Income Fund Ltd. (Cost $1,896,898)		1,900,294
Short-Term Investments 10.8%
Investment Companies 10.8%
	298,839,082	State Street Institutional U.S. Government Money Market Fund Premier Class, 0.03%^(z)		298,839,082	^(l)
	28,399,954	State Street Navigator Securities Lending Government Money Market Portfolio, 0.02%^(z)		28,399,954	^(aa)
		Total Short-Term Investments (Cost $327,239,036)		327,239,036
		Total Investments 115.7% (Cost $3,472,762,099)		3,511,554,921
		Liabilities Less Other Assets (15.7)%		(475,519,929	)^(ab)(ac)
		Net Assets 100.0%	$	3,036,034,992

(a) Principal amount is stated in the currency in which the security is denominated.

(b) Variable or floating rate security. The interest rate shown was the current rate as of April 30, 2021 and changes periodically.

(c) The stated interest rates represent the range of rates at April 30, 2021 of the underlying contracts within the Loan Assignment.

(d) All or a portion of this security has not settled as of April 30, 2021 and thus may not have an interest rate in effect. Interest rates do not take effect until settlement.

(e) All or a portion of this security was purchased on a delayed delivery basis.

(f) Represents less than 0.05% of net assets of the Fund.

(g) Value determined using significant unobservable inputs.

(h) All or a portion of the security is pledged as collateral for futures.

See Notes to Financial Statements

181

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

(i) Rate shown was the discount rate at the date of purchase.

(j) Index-linked bond whose principal amount adjusts according to a government retail price index.

(k) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2021, these securities amounted to $1,008,444,317, which represents 33.2% of net assets of the Fund.

(l) All or a portion of this security is segregated in connection with obligations for to be announced securities, when-issued securities, swaps, futures, forward foreign currency contracts, bond forwards and/or delayed delivery securities with a total value of $702,336,812.

(m) Interest only security. These securities represent the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the "interest only" holding.

(n) Variable or floating rate security where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of April 30, 2021.

(o) TBA (To Be Announced) Securities are purchased/sold on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal amount and maturity date will be determined upon settlement when the specific mortgage pools are assigned. Total value of all such securities (excluding forward sales contracts, if any) at April 30, 2021 amounted to $480,171,471, which represents 15.8% of net assets of the Fund.

(p) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve directed selling efforts in the United States and as such may have restrictions on resale. Total value of all such securities at April 30, 2021 amounted to $144,862,707, which represents 4.8% of net assets of the Fund.

(q) The security or a portion of this security is on loan at April 30, 2021. Total value of all such securities at April 30, 2021 amounted to $27,866,195 for the Fund (see Note A of Notes to Financial Statements).

(r) Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of period end.

(s) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date shown reflects the next call date.

(t) Payment-in-kind (PIK) security.

(u) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the current rate as of April 30, 2021.

(v) When-issued security. Total value of all such securities at April 30, 2021 amounted to $4,598,099, which represents 0.2% of net assets of the Fund.

(w) Security fair valued as of April 30, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at April 30, 2021, amounted to $1,138,500, which represents 0.0% of net assets of the Fund.

(x) Defaulted security.

(y) Affiliated company as defined under the Investment Company Act of 1940, as amended (see Note F of Notes to Financial Statements).

See Notes to Financial Statements

182

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

(z) Represents 7-day effective yield as of April 30, 2021.

(aa) Represents investment of cash collateral received from securities lending.

(ab) Includes the impact of the Fund's open positions in derivatives at April 30, 2021.

(ac) As of April 30, 2021, the value of unfunded loan commitments was $2,378,577 for the Fund (see Note A of Notes to Financial Statements).

POSITIONS BY COUNTRY

Country	Investments at Value		Percentage of Net Assets
United States	$	2,538,129,744		83.6	%
Cayman Islands		124,925,074		4.1	%
United Kingdom		95,427,947		3.2	%
Luxembourg		35,056,770		1.2	%
France		33,061,677		1.1	%
Mexico		29,637,663		1.0	%
Canada		23,390,706		0.8	%
Brazil		23,116,790		0.8	%
Belgium		14,724,790		0.5	%
Ireland		13,825,284		0.5	%
Switzerland		13,394,643		0.5	%
Italy		13,335,447		0.4	%
Colombia		13,307,607		0.4	%
Netherlands		12,716,564		0.4	%
Germany		12,498,307		0.4	%
Indonesia		12,415,639		0.4	%
Spain		11,382,399		0.4	%
South Africa		11,182,005		0.4	%
Turkey		10,970,698		0.4	%
Australia		9,733,481		0.3	%
Russia		9,713,547		0.3	%
Ukraine		8,419,115		0.3	%
United Arab Emirates		8,001,696		0.3	%
Oman		6,798,074		0.2	%
Malaysia		6,691,469		0.2	%
Sweden		6,408,034		0.2	%
Egypt		6,262,887		0.2	%
Peru		6,237,154		0.2	%
China		5,629,994		0.2	%
Angola		5,303,934		0.2	%
Israel		5,047,411		0.2	%
Zambia		4,975,662		0.2	%
India		4,627,572		0.2	%
Dominican Republic		4,611,417		0.2	%
Ghana		4,269,216		0.1	%
Nigeria		3,891,553		0.1	%
Hong Kong		3,698,363		0.1	%
Greece		2,982,389		0.1	%
Kazakhstan		2,884,693		0.1	%
Cote D'Ivoire		2,634,787		0.1	%
Macau		2,374,369		0.1	%
Kenya		2,182,366		0.1	%
Panama		2,067,000		0.1	%

See Notes to Financial Statements

183

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Country	Investments at Value			Percentage of Net Assets
Czech Republic	$	1,623,694			0.1	%
Bahrain		1,151,542			0.0	%^(a)
Japan		1,130,513			0.0	%^(a)
Thailand		1,096,794			0.0	%^(a)
Costa Rica		1,089,325			0.0	%^(a)
Mongolia		1,083,392			0.0	%^(a)
Argentina		932,521			0.0	%^(a)
Romania		881,221			0.0	%^(a)
Qatar		798,819			0.0	%^(a)
Armenia		768,348			0.0	%^(a)
Finland		651,058			0.0	%^(a)
El Salvador		549,262			0.0	%^(a)
Iceland		538,455			0.0	%^(a)
Sri Lanka		514,577			0.0	%^(a)
Korea		495,331			0.0	%^(a)
Azerbaijan		480,032			0.0	%^(a)
Ecuador		467,600			0.0	%^(a)
Serbia		296,104			0.0	%^(a)
San Marino		278,205			0.0	%^(a)
Cyprus		245,740			0.0	%^(a)
Portugal		230,887			0.0	%^(a)
Kuwait		223,750			0.0	%^(a)
Supranational		211,818			0.0	%^(a)
Philippines		210,320			0.0	%^(a)
Namibia		202,508			0.0	%^(a)
Venezuela		132,768			0.0	%^(a)
Austria		85,364			0.0	%^(a)
Short-Term Investments and Other Liabilities—Net		(148,280,893	)		(4.9	)%
	$	3,036,034,992			100.0	%

(a) Represents less than 0.05% of net assets of the Fund.

See Notes to Financial Statements

184

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Derivative Instruments

Futures contracts ("futures")

At April 30, 2021, open positions in futures for the Fund were as follows:

Long Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
6/2021		437	Euro-Bobl	$	70,784,865	$	(165,385	)
6/2021		8	Euro-Buxl Bond, 30 Year		1,941,874		(52,707	)
6/2021		1	Euro-OAT		192,949		(277	)
6/2021		80	Euro-Schatz		10,779,851		(1,441	)
6/2021		133	United Kingdom Long Gilt Bond		23,450,373		(214,479	)
6/2021		30	U.S. Treasury Note, 2 Year		6,622,734		(5,398	)
6/2021		109	U.S. Treasury Note, 5 Year		13,509,188		1,703
6/2021		4	U.S. Treasury Ultra Long Bond		743,625		92
Total Long Positions				$	128,025,459	$	(437,892	)

Short Futures:

Expiration Date	Number of Contracts		Open Contracts	Notional Amount			Value and Unrealized Appreciation/ (Depreciation)
6/2021		4	Euro-BTP	$	(707,356	)	$	8,656
6/2021		424	Euro-Bobl		(68,679,136	)		155,901
6/2021		188	Euro-Bund		(38,423,899	)		298,252
6/2021		133	United Kingdom Long Gilt Bond		(23,450,373	)		223,681
6/2021		2,069	U.S. Treasury Note, 10 Year		(273,172,656	)		4,629,739
6/2021		1,407	U.S. Treasury Note, Ultra 10 Year		(204,784,453	)		3,971,222
6/2021		855	U.S. Treasury Ultra Long Bond		(158,949,844	)		3,810,154
Total Short Positions				$	(768,167,717	)	$	13,097,605
Total Futures							$	12,659,713

At April 30, 2021, the Fund had securities pledged in the amount of $14,264,929 to cover collateral requirements on open futures. For the six months ended April 30, 2021, the average notional value for the months where the Fund had futures outstanding was $114,122,597 for long positions and $(781,261,052) for short positions.

Forward foreign currency contracts ("forward FX contracts")

At April 30, 2021, open forward FX contracts for the Fund were as follows:

Currency Purchased

Currency Sold

Counterparty

Settlement
Date

Net
Unrealized
Appreciation/
(Depreciation)

6,838,039

BRL

1,180,415

USD

JPM

5/4/2021

78,418

863,141

BRL

152,136

USD

GSI

6/4/2021

6,303

See Notes to Financial Statements

185

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	6,838,039	BRL		1,250,807	USD	HSBC	7/2/2021	$	1,589
	1,265,460	USD		6,838,039	BRL	JPM	5/4/2021		6,628
	6,625,235,000	CLP		9,258,294	USD	GSI	5/11/2021		63,241
	581,429,620	CLP		786,619	USD	CITI	6/16/2021		31,246
	9,455,571	USD		6,625,235,000	CLP	GSI	5/11/2021		134,035
	6,773,848	USD		25,190,925,000	COP	GSI	5/11/2021		64,418
	673,318	USD		2,446,502,041	COP	GSI	6/16/2021		22,890
	30,702,043	CZK		1,172,079	EUR	GSI	6/16/2021		16,977
	29,895,360	CZK		1,153,934	EUR	MS	6/16/2021		1,308
	6,278,370	DKK		1,008,509	USD	CITI	7/19/2021		7,879
	547,472	EUR		650,913	USD	JPM	5/5/2021		7,296
	158,399	EUR		186,630	USD	JPM	5/5/2021		3,809
	295,825	EUR		354,611	USD	JPM	5/5/2021		1,051
	520,710	EUR		611,964	USD	MS	5/5/2021		14,072
	7,403,437	EUR		8,878,017	USD	CITI	7/19/2021		36,701
	2,645,517	EUR		3,169,518	USD	CITI	7/19/2021		16,034
	1,212,535	EUR		1,454,042	USD	CITI	7/19/2021		6,011
	450,222	EUR		540,156	USD	JPM	10/6/2021		2,870
	1,137,166	EUR		409,623,289	HUF	GSI	6/16/2021		1,138
	33,784	EUR		12,112,724	HUF	MS	6/16/2021		224
	1,094,746	EUR		4,946,742	PLN	GSI	7/6/2021		12,967
	1,273,048	EUR		5,765,409	PLN	HSBC	7/6/2021		11,653
	887,549	USD		737,887	EUR	JPM	5/5/2021		408
	3,552,079	USD		2,942,195	EUR	GSI	6/3/2021		12,748
	81,986	USD		67,792	EUR	GSI	7/19/2021		355
	2,065,395	GBP		2,849,605	USD	CITI	7/19/2021		3,405
	720,245	GBP		993,211	USD	CITI	7/19/2021		1,691
	1,031,284	USD		742,852	GBP	CITI	7/19/2021		5,154
	433,140,102	HUF		1,178,860	EUR	CITI	6/16/2021		27,183
	416,963,422	HUF		1,154,539	EUR	GSI	6/16/2021		2,455
	21,715,851,715	IDR		1,493,011	USD	HSBC	5/6/2021		10,351
	829,624	USD		11,855,330,392	IDR	HSBC	5/6/2021		8,894
	2,873,386	ILS		877,678	USD	CITI	5/10/2021		6,932
	1,070,280	ILS		326,677	USD	CITI	5/10/2021		2,822
	3,943,671	ILS		1,203,770	USD	GSI	5/10/2021		10,341
	32,676,272	INR		436,703	USD	SCB	5/25/2021		2,412
	327,480,000	INR		4,365,701	USD	GSI	6/4/2021		28,794
	2,480,250,000	KRW		2,195,883	USD	GSI	5/11/2021		22,826
	2,611,092,166	KRW		2,329,066	USD	HSBC	6/9/2021		6,553
	2,228,437	USD		2,480,250,000	KRW	GSI	5/11/2021		9,728
	158,360,586	MXN		7,787,103	USD	GSI	5/11/2021		24,416
	96,540,417	MXN		4,751,940	USD	GSI	5/11/2021		10,150
	4,610,802	MXN		222,191	USD	HSBC	6/4/2021		4,649
	7,697,310	MXN		377,560	USD	HSBC	6/4/2021		1,129
	29,423,454	MXN		1,433,262	USD	JPM	6/4/2021		14,301
	7,026,688	MXN		338,205	USD	JPM	6/4/2021		7,491

See Notes to Financial Statements

186

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	5,401,824	MXN		262,570	USD	SCB	6/4/2021	$	3,187
	5,672,779	USD		113,581,509	MXN	GSI	5/11/2021		70,096
	4,825,018	USD		96,540,417	MXN	GSI	5/11/2021		62,929
	6,013,029	MYR		1,465,163	USD	MS	5/4/2021		2,718
	1,468,383	USD		6,013,029	MYR	MS	5/4/2021		502
	54,085	USD		195,016	PEN	GSI	7/16/2021		2,535
	70,641,871	PHP		1,446,897	USD	CITI	6/1/2021		9,542
	1,837,551	PLN		399,974	EUR	CITI	7/6/2021		3,235
	1,309,191	PLN		284,298	EUR	CITI	7/6/2021		3,111
	5,231,342	PLN		1,130,860	EUR	GSI	7/6/2021		18,634
	1,569,012	RON		314,522	EUR	CITI	10/6/2021		1,101
	2,007,883	RON		403,027	EUR	GSI	10/6/2021		772
	4,929,099	RON		990,011	EUR	JPM	10/6/2021		1,134
	566,139	RON		113,511	EUR	JPM	10/6/2021		369
	800,946,745	RUB		10,448,858	USD	GSI	5/11/2021		193,828
	116,009,461	RUB		1,497,242	USD	HSBC	7/16/2021		30,639
	38,160,424	RUB		499,940	USD	JPM	7/16/2021		2,645
	10,681,725	USD		800,946,745	RUB	GSI	5/11/2021		39,040
	1,022,239	SGD		761,249	USD	CITI	5/14/2021		6,888
	813,760	SGD		610,283	USD	CITI	5/14/2021		1,198
	8,845,447	THB		280,879	USD	GSI	6/14/2021		3,129
	774,588	USD		24,081,158	THB	GSI	6/14/2021		1,395
	1,394,937	USD		43,067,290	THB	MS	6/14/2021		12,142
	6,872,684	TRY		799,661	USD	BB	6/22/2021		10,004
	39,324,222	TWD		1,404,938	USD	GSI	5/10/2021		3,450
	13,138,923	TWD		462,361	USD	JPM	5/10/2021		8,206
	2,373,905	USD		65,652,723	TWD	JPM	5/10/2021		22,567
	43,999,209	UAH		1,506,822	USD	JPM	7/22/2021		45,047
	4,933,217	USD		70,545,000	ZAR	GSI	5/11/2021		73,758
	1,815,095	USD		26,396,650	ZAR	JPM	7/6/2021		10,646
	12,419,542	ZAR		841,507	USD	GSI	5/5/2021		14,743
	7,757,759	ZAR		528,471	USD	GSI	5/5/2021		6,378
	12,710,956	ZAR		828,667	USD	HSBC	5/5/2021		47,674
	11,194,917	ZAR		753,988	USD	HSBC	5/5/2021		17,832
	10,422,874	ZAR		704,191	USD	MS	5/5/2021		14,401
	1,777,092	ZAR		116,779	USD	MS	5/5/2021		5,741
	70,545,000	ZAR		4,802,246	USD	GSI	5/11/2021		57,212
Total unrealized appreciation								$1,582,374
	6,838,039	BRL		1,265,460	USD	HSBC	5/4/2021		(6,627	)
	1,207,627	BRL		221,835	USD	GSI	6/2/2021		(120	)
	1,256,646	USD		6,838,039	BRL	HSBC	5/4/2021		(2,186	)
	6,625,235,000	CLP		9,455,031	USD	GSI	6/4/2021		(135,136	)
	800,913	USD		581,422,796	CLP	CITI	6/16/2021		(16,942	)
	25,190,925,000	COP		6,917,733	USD	GSI	5/11/2021		(208,303	)
	25,190,925,000	COP		6,767,788	USD	GSI	6/4/2021		(67,281	)
	5,286,429,935	COP		1,442,303	USD	CITI	6/16/2021		(36,850	)

See Notes to Financial Statements

187

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	1,961,301,768	COP		538,597	USD	GSI	6/16/2021	$	(17,164	)
	1,134,601	EUR		29,559,767	CZK	GSI	6/16/2021		(8,969	)
	2,942,195	EUR		3,549,966	USD	GSI	5/5/2021		(12,646	)
	801,239	EUR		969,422	USD	HSBC	5/5/2021		(6,115	)
	12,504,905	EUR		15,185,529	USD	JPM	7/19/2021		(127,969	)
	3,041	EUR		1,121,234	HUF	SCB	6/16/2021		(83	)
	1,171,325	EUR		432,470,866	HUF	CITI	6/16/2021		(34,016	)
	687,851	EUR		3,149,119	PLN	GSI	7/6/2021		(2,663	)
	1,145,315	EUR		5,229,051	PLN	HSBC	7/6/2021		(628	)
	385,543	USD		321,656	EUR	CITI	5/5/2021		(1,176	)
	599,531	USD		504,007	EUR	HSBC	5/5/2021		(6,422	)
	829,113	USD		691,773	EUR	JPM	5/5/2021		(2,587	)
	271,462	USD		231,000	EUR	SCB	5/5/2021		(6,263	)
	3,546,479	USD		3,010,517	EUR	SCB	5/5/2021		(72,982	)
	2,607,976	USD		2,204,494	EUR	JPM	6/23/2021		(45,072	)
	251,506	USD		209,792	EUR	CITI	7/19/2021		(1,111	)
	4,615,523	USD		3,850,000	EUR	CITI	7/19/2021		(20,386	)
	58,768,915	USD		49,050,107	EUR	CITI	7/19/2021		(293,903	)
	1,479,600	USD		1,072,289	GBP	CITI	7/19/2021		(1,595	)
	12,428,088	USD		9,016,111	GBP	CITI	7/19/2021		(26,214	)
	11,892,110,127	IDR		843,292	USD	GSI	5/6/2021		(20,016	)
	1,680,427	USD		24,384,679,329	IDR	HSBC	5/6/2021		(7,695	)
	128,750	USD		424,054	ILS	CITI	5/10/2021		(1,801	)
	327,480,000	INR		4,442,214	USD	GSI	5/11/2021		(32,600	)
	103,118,949	INR		1,397,030	USD	JPM	5/25/2021		(11,284	)
	4,380,710	USD		327,480,000	INR	GSI	5/11/2021		(28,904	)
	436,967	USD		32,991,421	INR	JPM	5/25/2021		(6,383	)
	2,480,250,000	KRW		2,229,017	USD	GSI	6/4/2021		(10,448	)
	234,115,834	KRW		209,537	USD	JPM	6/9/2021		(121	)
	959,894,905	KRW		859,120	USD	JPM	6/9/2021		(495	)
	973,546	USD		1,101,256,164	KRW	HSBC	6/9/2021		(11,526	)
	416,538,880	KZT		965,887	USD	GSI	7/14/2021		(10,650	)
	65,347,849	KZT		151,778	USD	JPM	7/14/2021		(1,917	)
	157,860,171	KZT		362,772	USD	GSI	9/24/2021		(6,226	)
	96,540,417	MXN		4,812,319	USD	GSI	6/4/2021		(62,764	)
	113,581,509	MXN		5,657,858	USD	GSI	6/4/2021		(69,922	)
	35,735,922	MXN		1,764,501	USD	HSBC	6/4/2021		(6,380	)
	8,285,050	MXN		409,296	USD	JPM	6/4/2021		(1,691	)
	2,207,919	USD		44,779,077	MXN	JPM	5/11/2021		(917	)
	588,192	USD		12,171,690	MXN	GSI	6/4/2021		(10,626	)
	1,492,466	USD		31,976,823	MXN	GSI	6/4/2021		(80,717	)
	290,162	USD		5,942,065	MXN	HSBC	6/4/2021		(2,173	)
	174,601	USD		3,655,208	MXN	MS	6/4/2021		(5,226	)
	595,292	USD		12,298,355	MXN	MS	6/4/2021		(9,758	)
	6,013,029	MYR		1,476,315	USD	MS	5/4/2021		(8,433	)
	6,013,029	MYR		1,467,845	USD	MS	7/8/2021		(4,183	)

See Notes to Financial Statements

188

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Currency Purchased			Currency Sold			Counterparty	Settlement Date	Net Unrealized Appreciation/ (Depreciation)
	1,465,163	USD		6,013,029	MYR	MS	5/4/2021	$	(2,718	)
	1,431,919	USD		70,643,744	PHP	MS	6/1/2021		(24,559	)
	3,367,940	PLN		748,414	EUR	HSBC	6/16/2021		(12,259	)
	7,344,210	PLN		1,634,176	EUR	HSBC	6/16/2021		(29,338	)
	5,187,141	PLN		1,138,905	EUR	GSI	7/6/2021		(2,711	)
	800,946,745	RUB		10,648,494	USD	GSI	6/4/2021		(34,273	)
	9,747,025	RUB		128,430	USD	CITI	7/16/2021		(59	)
	276,422	USD		2,366,632	TRY	JPM	6/22/2021		(2,389	)
	25,319,546	TWD		917,840	USD	JPM	5/10/2021		(11,026	)
	40,416,675	TWD		1,469,708	USD	MS	5/10/2021		(22,193	)
	578,396	USD		8,794,726	ZAR	CITI	5/5/2021		(27,946	)
	100,910	USD		1,533,949	ZAR	GSI	5/5/2021		(4,847	)
	502,854	USD		7,746,845	ZAR	GSI	5/5/2021		(31,242	)
	462,740	USD		6,966,595	ZAR	HSBC	5/5/2021		(17,563	)
	611,903	USD		9,194,089	ZAR	HSBC	5/5/2021		(21,971	)
	1,433,707	USD		21,253,983	ZAR	HSBC	5/5/2021		(31,622	)
	1,038,133	USD		15,560,949	ZAR	HSBC	5/5/2021		(34,697	)
	560,388	USD		8,773,812	ZAR	HSBC	5/5/2021		(44,512	)
	188,635	USD		2,854,842	ZAR	MS	5/5/2021		(8,189	)
	26,396,650	ZAR		1,829,499	USD	JPM	5/5/2021		(9,615	)
	70,545,000	ZAR		4,918,599	USD	GSI	6/4/2021		(75,042	)
	Total unrealized depreciation							$	(2,023,036	)
	Total net unrealized depreciation							$	(440,662	)

For the six months ended April 30, 2021, the average notional value for the months where the Fund had forward FX contracts outstanding was $314,832,938.

Bond forward contracts ("bond forwards")

At April 30, 2021, bond forwards for the Fund were as follows:

Counterparty

Reference Entity

Notional
Amount

Expiration
Date

Unrealized
Appreciation/
(Depreciation)

GSI

U.S. Treasury Inflation-Indexed Bonds, 0.63%, due 4/15/2023

USD

5,788,028

5/21/2021

38,028

GSI

U.S. Treasury Inflation-Indexed Bonds, 0.63%, due 1/15/2024

USD

4,530,643

5/21/2021

30,643

GSI

U.S. Treasury Inflation-Indexed Bonds, 0.25%, due 1/15/2025

USD

5,876,142

5/21/2021

51,142

GSI

U.S. Treasury Inflation-Indexed Bonds, 0.13%, due 4/15/2025

USD

3,836,788

5/21/2021

36,788

GSI

U.S. Treasury Inflation-Indexed Bonds, 0.38%, due 1/15/2027

USD

4,767,200

5/21/2021

37,200

GSI

U.S. Treasury Inflation-Indexed Bonds, 3.88%, due 4/15/2029

USD

3,721,909

5/21/2021

21,909

GSI

U.S. Treasury Inflation-Indexed Bonds, 0.13%, due 1/15/2030

USD

7,204,201

5/21/2021

49,201

GSI

U.S. Treasury Inflation-Indexed Bonds, 2.13%, due 2/15/2040

USD

1,081,656

5/21/2021

6,656

GSI

U.S. Treasury Inflation-Indexed Bonds, 1.38%, due 2/15/2044

USD

2,315,768

5/21/2021

15,768

GSI

U.S. Treasury Inflation-Indexed Bonds, 0.25%, due 2/15/2050

USD

2,343,680

5/21/2021

18,680

Total net unrealized appreciation

306,015

See Notes to Financial Statements

189

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

For six months ended April 30, 2021, the average notional value for the months where the Fund had bond forwards outstanding was $40,917,143.

Credit default swap contracts ("credit default swaps")

At April 30, 2021, the Fund had outstanding credit default swaps as follows:

Centrally Cleared Credit Default Swaps—Sell Protection

Clearinghouse	Reference Entity	Notional Amount		Financing Rate Received by the Fund			Payment Frequency	Maturity Date	Upfront Payments/ (Receipts)			Unrealized Appreciation/ (Depreciation)		Accrued Net Interest Receivable/ (Payable)		Value
ICE CC	CDX Emerging Markets Index, Ser. 35 V.1	USD	4,775,000		1.00	%	3M	6/20/2026	$	(170,237	)	$	14,386	$	5,571	$	(150,280	)
ICE CC	iTraxx Europe Crossover Ser. 35 V.1	EUR	53,295,000		5.00	%	3M	6/20/2026		7,177,969			421,327		373,764		7,973,060
Total									$	7,007,732		$	435,713	$	379,335	$	7,822,780

For the six months ended April 30, 2021, the average notional value for the months where the Fund had credit default swaps outstanding was $9,003,000 for buy protection and $37,227,120 for sell protection.

Interest rate swap contracts ("interest rate swaps")

At April 30, 2021, the Fund had outstanding interest rate swaps as follows:

Centrally cleared interest rate swaps

Clearinghouse	Notional Amount		Fund Receives/ Pays Floating Rate	Floating Rate Index			Annual Fixed- Rate			Frequency of Fund Receipt/ Payment	Effective Date^(a)		Maturity Date	Unrealized Appreciation/ (Depreciation)			Accrued Net Interest Receivable/ (Payable)			Value
LCH	GBP	4,400,000	Pay		6 LIBOR-BBA	M GBP-		0.64	%	6M/6M		—	3/15/2026	$	(23,074	)	$	4,406		$	(18,668	)
LCH	EUR	206,577	Receive		6	M EURIBOR		0.05	%	6M/1Y		—	4/13/2031		2,186			(78	)		2,108
LCH	EUR	2,500,000	Receive		6	M EURIBOR		0.88	%	6M/1Y	4/21/2031		4/21/2041		19,856			—			19,856
CME	USD	6,200,000	Receive		3M USD LIBOR			0.92	%	3M/6M		—	3/17/2026		192			(5,801	)		(5,609	)
LCH	GBP	6,000,000	Receive		1	Y GBP LIBOR		(0.03	)%	1Y/T		—	2/1/2023		20,835			(1,503,046	)		(1,482,211	)
LCH	KRW	19,450,000,000	Pay		3M KWCDC			1.03	%	3M/3M		—	3/26/2023		1,981			5,097			7,078
LCH	KRW	3,550,000,000	Receive		3M KWCDC			1.62	%	3M/3M		—	3/26/2031		33,293			(2,874	)		30,419
	Total													$	55,269		$	(1,502,296	)	$	(1,447,027	)

(a) Forward swap. Effective date reflects the date interest accruals will commence.

See Notes to Financial Statements

190

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Inflation swap contracts ("inflation swaps")

At April 30, 2021, the Fund had outstanding inflation swaps as follows:

Centrally cleared inflation swaps

Clearinghouse		Notional Amount		Fund Receives/ Pays Floating Rate	Floating Rate Index	Annual Fixed- Rate			Frequency of Fund Receipt/ Payment	Maturity Date	Unrealized Appreciation/ (Depreciation)			Accrued Net Interest Receivable/ (Payable)		Value
LCH	EUR		1,600,000	Receive	CPTFFEMU		1.15	%	T/T	4/15/2024	$	(27,186	)	$	22,175	$	(5,011	)
LCH	EUR		1,600,000	Pay	FRCPXTOB		0.95	%	T/T	4/15/2024		(25,296	)		32,314		7,018
LCH	EUR		670,000	Pay	CPTFFEMU		1.42	%	T/T	4/15/2031		(12,330	)		13,252		922
	Total										$	(64,812	)	$	67,741	$	2,929

For the six months ended April 30, 2021, the average notional value for the months where the Fund had interest rate swaps and inflation rate swaps outstanding was $12,381,878 when the Fund paid the fixed rate and $11,771,855 when the Fund received the fixed rate.

Total return basket swap contracts ("total return basket swaps")

At April 30, 2021, the Fund had outstanding total return basket swaps^(a) as follows:

Over-the-counter total return basket swaps—Long^(b)

Counterparty

Reference
Entity

Effective
Variable
Rate^(c)

Spread

Reference Rate

Frequency
of Fund
Receipt/
Payment

Maturity
Date(s)

Value

GSI

SDHYTR

0.70

0.65

1D USD Federal Funds

3M/3M

2/15/2029

277,105

(a) The following tables represent required component disclosures associated with the total return basket swaps:

Reference Entity	Shares		Notional Amount		Unrealized Appreciation/ (Depreciation)		Component Weighting
Global Aircraft Leasing Co. Ltd., 6.50%, 9/15/2024		8,506	$	894,029	$	9,029		3.1	%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, due 10/15/2027		7,088		745,024		7,524		2.7	%
AMC Networks, Inc., 4.25%, due 2/15/2029		7,088		745,024		7,524		2.6	%
Banijay Entertainment SASU, 5.38%, due 3/1/2025		7,088		745,024		7,524		2.7	%
BWAY Holding Co., 7.25%, 4/15/2025		7,088		745,024		7,524		2.5	%
Carnival Corp., 7.63%, due 3/1/2026		7,088		745,024		7,524		2.8	%
CommScope Technologies LLC, 6.00%, due 6/15/2025		7,088		745,024		7,524		2.6	%
CHS/Community Health Systems Inc., 5.63%, due 3/15/2027		7,088		745,024		7,524		2.7	%
First Quantum Minerals Ltd., 6.88%, due 10/15/2027		7,088		745,024		7,524		2.8	%
Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp., 5.38%, due 6/1/2024		7,088		745,024		7,524		2.6	%

See Notes to Financial Statements

191

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Reference Entity	Shares		Notional Amount		Unrealized Appreciation/ (Depreciation)		Component Weighting
Harsco Corp., 5.75%, due 7/31/2027		7,088	$	745,024	$	7,524		2.7	%
KAR Auction Services, Inc., 5.13%, due 6/1/2025		7,088		745,024		7,524		2.6	%
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc., 5.00%, due 2/1/2026		7,088		745,024		7,524		2.7	%
Life Time, Inc., 5.75%, due 1/15/2026		7,088		745,024		7,524		2.7	%
Live Nation Entertainment, Inc., 4.88%, due 11/1/2024		7,088		745,024		7,524		2.7	%
NCL Corp. Ltd., 5.88%, due 3/15/2026		7,088		745,024		7,524		2.7	%
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 7.38%, due 6/1/2025		7,088		745,024		7,524		2.8	%
Radiate Holdco LLC/Radiate Finance, Inc., 4.50%, 9/15/2026		7,088		745,024		7,524		2.6	%
Royal Caribbean Cruises Ltd., 5.25%, due 11/15/2022		7,088		745,024		7,524		2.7	%
Resideo Funding, Inc., 6.13%, due 11/1/2026		7,088		745,024		7,524		2.7	%
SeaWorld Parks & Entertainment, Inc., 9.50%, 8/1/2025		7,088		745,024		7,524		1.1	%
Scientific Games International, Inc., 8.25%, due 3/15/2026		7,088		745,024		7,524		2.8	%
Six Flags Entertainment Corp., 4.88%, due 7/31/2024		7,088		745,024		7,524		2.8	%
Spirit AeroSystems, Inc., 7.50%, due 4/15/2025		7,088		745,024		7,524		2.6	%
Trident TPI Holdings, Inc., 9.25%, 8/1/2024		7,088		745,024		7,524		2.8	%
Vertical U.S. Newco, Inc., 5.25%, due 7/15/2027		7,088		745,024		7,524		1.1	%
United Continental Holdings, Inc., 4.88%, due 1/15/2025		7,088		745,024		7,524		2.7	%
Communications Sales & Leasing, Inc./CSL Capital LLC, 7.13%, due 12/15/2024		7,088		745,024		7,524		2.6	%
Watco Cos. LLC/Watco Finance Corp., 6.50%, due 6/15/2027		7,088		745,024		7,524		1.1	%
Wyndham Hotels & Resorts, Inc., 5.38%, due 4/15/2026		7,088		745,024		7,524		2.8	%
Realogy Group LLC/Realogy Co-Issuer Corp., 9.38%, due 4/1/2027		6,734		707,773		7,148		2.7	%
American Airlines, Inc., 11.75%, due 7/15/2025		6,238		655,621		6,621		2.9	%
Rattler Midstream LP, 5.63%, due 7/15/2025		2,835		298,010		3,010		1.1	%
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., 7.50%, due 10/1/2025		2,835		298,010		3,010		2.8	%
USA Compression Partners LP/USA Compression Finance Corp., 6.88%, due 4/1/2026		2,835		298,010		3,010		2.7	%
Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, due 12/15/2025		2,835		298,009		3,009		1.1	%
Comstock Resources, Inc., 9.75%, due 8/15/2026		2,835		298,009		3,009		1.1	%
CrownRock LP/CrownRock Finance, Inc., 5.63%, due10/15/2025		2,835		298,009		3,009		1.1	%
EQM Midstream Partners LP, 6.00%, due 7/1/2025		2,835		298,009		3,009		1.1	%
TechnipFMC PLC, 6.50%, 2/1/2026		2,835		298,009		3,009		1.1	%
Genesis Energy LP/Genesis Energy Finance Corp., 6.50%, due 10/1/2025		2,835		298,009		3,009		1.0	%

See Notes to Financial Statements

192

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Reference Entity	Shares		Notional Amount		Unrealized Appreciation/ (Depreciation)		Component Weighting
Hilcorp Energy I LP/Hilcorp Finance Co., 5.75%, due 10/1/2025		2,835	$	298,009	$	3,009		1.1	%
PDC Energy, Inc., 5.75%, due 5/15/2026		2,835		298,009		3,009		1.1	%
Range Resources Corp., 9.25%, due 2/1/2026		2,835		298,009		3,009		2.7	%
			$	27,439,230		277,105
Accrued Net Interest Receivable/(Payable)						—
					$	277,105

(b) The Fund pays a specified rate based on a reference rate plus or minus a spread, and receives the total return on the reference entity. The cash flows may be denominated in various foreign currencies based on the local currencies of the positions within the swaps.

Total return swap contracts ("total return swaps")

At April 30, 2021, the Fund had outstanding total return swaps as follows:

Over-the-counter total return swaps—Long^(a)

Counterparty

Reference
Entity

Notional
Amount

Maturity
Date

Variable-
Rate^(b)

Spread

Reference
Rate

Frequency
of Fund
Receipt/
Payment

Unrealized
Appreciation/
(Depreciation)

Accrued
Net
Interest
Receivable/
(Payable)

Value

GSI

iShares
iBoxx $
High Yield
Corp.
Bond ETF

USD

289,970,714

6/22/2021

(0.30

(0.50

3M USD
LIBOR

T/T

3,448,874

1,066,394

4,515,268

(a) The Fund pays a specified rate based on a reference rate plus or minus a spread, and receives the total return on the reference entity.

(b) Effective rate at April 30, 2021.

For the six months ended April 30, 2021, the average notional value for the months where the Fund had total return basket swaps and total return swaps outstanding was $253,574,260 for long positions.

At April 30, 2021, the Fund had cash collateral of $759,000, $8,810,000 and $80,000 deposited in segregated accounts for Citibank N.A., Goldman Sachs International and JPMorgan Chase Bank N.A., respectively and cash collateral of $50,000 received from Morgan Stanley, to cover collateral requirements on over-the-counter derivatives.

See Notes to Financial Statements

193

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2021:

Asset Valuation Inputs

	Level 1		Level 2		Level 3^(b)		Total
Investments:
Loan Assignments
Health Care	$	—	$	26,188,937	$	1,320,572	$	27,509,509
Industrial Equipment		—		4,459,056		702,693		5,161,749
Steel		—		—		1,509,116		1,509,116
Other Loan Assignments^(a)		—		178,820,058		—		178,820,058
Total Loan Assignments		—		209,468,051		3,532,381		213,000,432
U.S. Treasury Obligations		—		185,359,277		—		185,359,277
U.S. Government Agency Securities		—		3,038,050		—		3,038,050
Mortgage-Backed Securities^(a)		—		761,967,805		—		761,967,805
Corporate Bonds^(a)		—		1,696,799,168		—		1,696,799,168
Convertible Bonds^(a)		—		2,862,800		—		2,862,800
Municipal Notes^(a)		—		45,856,846		—		45,856,846
Asset-Backed Securities		—		145,924,401		—		145,924,401
Foreign Government Securities		—		127,606,812		—		127,606,812
Investment Companies		1,900,294		—		—		1,900,294
Short-Term Investments		—		327,239,036		—		327,239,036
Total Investments	$	1,900,294	$	3,506,122,246	$	3,532,381	$	3,511,554,921

(a) The Schedule of Investments provides information on the industry, state/territory or sector categorization as well as a Positions by Country summary.

(b) The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

(000's omitted)	Beginning balance, as of 11/1/2020		Accrued discounts/ (premiums)		Realized gain/ (loss)		Change in unrealized appreciation/ (depreciation)		Purchases		Sales			Transfers into Level 3		Transfers out of Level 3			Balance, as of 4/30/2021		Net change in unrealized appreciation/ (depreciation) from investments still held as of 4/30/2021
Investments in Securities:
Loan Assignments^(c)	$	8,610	$	2	$	25	$	221	$	1,061	$	(4,381	)	$	902	$	(2,908	)	$	3,532	$	124
Total	$	8,610	$	2	$	25	$	221	$	1,061	$	(4,381	)	$	902	$	(2,908	)	$	3,532	$	124

See Notes to Financial Statements

194

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Notes to Schedule of Investments), of inputs used to value the Fund's derivatives as of April 30, 2021:

Other Financial Instruments

	Level 1			Level 2			Level 3		Total
Futures^(a)
Assets	$	13,099,400		$	—		$	—	$	13,099,400
Liabilities		(439,687	)		—			—		(439,687	)
Forward FX Contracts^(a)
Assets		—			1,582,374			—		1,582,374
Liabilities		—			(2,023,036	)		—		(2,023,036	)
Bond Forwards^(a)
Assets		—			306,015			—		306,015
Swaps
Assets		—			12,832,834			—		12,832,834
Liabilities		—			(1,661,779	)		—		(1,661,779	)
Total	$	12,659,713		$	11,036,408		$	—	$	23,696,121

(a) Futures, forward FX contracts and bond forwards are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

195

Statements of Assets and Liabilities (Unaudited)

Neuberger Berman Income Funds

	CORE BOND FUND		EMERGING MARKETS DEBT FUND			FLOATING RATE INCOME FUND			HIGH INCOME BOND FUND			MUNICIPAL HIGH INCOME FUND
	April 30, 2021		April 30, 2021			April 30, 2021			April 30, 2021			April 30, 2021
Assets
Investments in securities, at value*† (Note A)—see Schedule of Investments:
Unaffiliated issuers^(a)	$	642,114,966	$	196,583,184		$	273,906,233		$	1,589,070,943		$	123,202,822
Affiliated issuers^(b)		—		—			—			—			—
	$	642,114,966	$	196,583,184		$	273,906,233		$	1,589,070,943		$	123,202,822
Cash		1,064,434		403,094			—			—			108,828
Foreign currency^(c)		23,921		1,144,403			—			—			—
Cash collateral segregated for futures contracts (Note A)		547,050		315,124			—			—			—
Cash collateral segregated for centrally cleared swap contracts (Note A)		—		541,071			—			—			—
Cash collateral segregated for over-the-counter derivatives (Note A)		—		130,000			—			—			—
Dividends and interest receivable		2,384,858		2,744,236			698,423			19,189,296			1,468,344
Receivable for securities sold		11,788,651		106			1,339,714			7,196,199			244,730
Receivable for accumulated variation margin on futures contracts (Note A)		—		155,097			—			—			—
Receivable from Management—net (Note B)		—		—			—			—			11,703
Receivable for Fund shares sold		178,586		209,988			388,879			1,832,596			44,482
Receivable for securities lending income (Note A)		—		21			—			13,111			—
Receivable for accumulated variation margin on centrally cleared swap contracts (Note A)^(d)(e)		—		—			—			—			—
Receivable for bond forward contracts (Note A)		—		—			—			—			—
Receivable for forward foreign currency contracts (Note A)		—		865,662			—			—			—
Over-the-counter swap contracts, at value (Note A)		—		481,898			—			647,438			—
Receivable for unfunded loan commitments (Note A)		—		—			5,151			2,943			—
Prepaid expenses and other assets		63,962		18,855			35,320			81,627			36,183
Total Assets		658,166,428		203,592,739			276,373,720			1,618,034,153			125,117,092
Liabilities
Over-the-counter swap contracts, at value (Note A)		—		21,808			22,041			—			—
Cash collateral segregated for centrally cleared swap contracts due to broker (Note A)		—		—			—			—			—
Cash collateral segregated for over-the-counter derivatives due to broker (Note A)		—		550,000			—			580,000			—
Cash collateral segregated for futures contracts due to broker (Note A)		—		—			—			—			—
Payable to investment manager—net (Note B)		83,770		88,380			78,223			612,737			40,425
Due to custodian		—		—			—			273,025			—
Payable for securities purchased		83,884,547		1,698,293			27,701,830			16,800,640			792,456
Payable for Fund shares redeemed		343,162		96,063			354,926			2,292,266			108,867
Payable for accumulated variation margin on futures contracts (Note A)		195,960		—			—			—			—
Payable for forward foreign currency contracts (Note A)		—		989,595			—			—			—
Payable for accumulated variation margin on centrally cleared swap contracts (Note A)^(d)(e)		—		54,688			—			—			—
Payable to administrator—net (Note B)		60,922		1,084			9,217			183,007			—
Payable to trustees		6,317		6,317			6,317			6,317			6,317
Interest payable (Note A)		—		—			142			—			—
Payable for loaned securities collateral (Note A)		—		213,690			—			32,708,513			—
Distributions payable		469,204		4,259			11,544			882,807			1,039
Accrued capital gains taxes (Note A)		—		58,186			—			—			—
Other accrued expenses and payables		65,413		90,169			87,239			251,732			58,813
Total Liabilities		85,109,295		3,872,532			28,271,479			54,591,044			1,007,917
Net Assets	$	573,057,133	$	199,720,207		$	248,102,241		$	1,563,443,109		$	124,109,175
Net Assets consist of:
Paid-in capital	$	569,113,865	$	212,955,630		$	280,254,174		$	1,671,162,256		$	119,530,811
Total distributable earnings/(losses)		3,943,268		(13,235,423	)		(32,151,933	)		(107,719,147	)		4,578,364
Net Assets	$	573,057,133	$	199,720,207		$	248,102,241		$	1,563,443,109		$	124,109,175
Net Assets
Investor Class	$	14,142,796	$	—		$	—		$	77,169,930		$	—
Trust Class		—		—			—			—			—
Institutional Class		529,923,989		197,710,943			233,997,186			1,093,520,616			122,847,987
Class A		23,155,077		1,293,435			8,693,668			22,199,235			1,047,120
Class C		1,576,189		715,829			5,411,387			5,279,201			214,068
Class R3		—		—			—			1,904,404			—
Class R6		4,259,082		—			—			363,369,723			—

See Notes to Financial Statements

196

	MUNICIPAL IMPACT FUND		MUNICIPAL INTERMEDIATE BOND FUND		SHORT DURATION BOND FUND			STRATEGIC INCOME FUND
	April 30, 2021		April 30, 2021		April 30, 2021			April 30, 2021
Assets
Investments in securities, at value*† (Note A)—see Schedule of Investments:
Unaffiliated issuers^(a)	$	64,184,938	$	240,284,769	$	85,772,348		$	3,509,654,627
Affiliated issuers^(b)		—		—		—			1,900,294
	$	64,184,938	$	240,284,769	$	85,772,348		$	3,511,554,921
Cash		10,767		107,437		185,758			2,024,341
Foreign currency^(c)		—		—		—			6,157,788
Cash collateral segregated for futures contracts (Note A)		—		—		147,520			—
Cash collateral segregated for centrally cleared swap contracts (Note A)		—		—		—			—
Cash collateral segregated for over-the-counter derivatives (Note A)		—		—		—			9,649,000
Dividends and interest receivable		686,401		2,760,724		445,287			25,973,798
Receivable for securities sold		100,000		60,196		594,267			24,235,339
Receivable for accumulated variation margin on futures contracts (Note A)		—		—		51,276			12,659,713
Receivable from Management—net (Note B)		14,340		—		13,130			—
Receivable for Fund shares sold		2		35,122		318,836			4,960,049
Receivable for securities lending income (Note A)		—		—		239			9,311
Receivable for accumulated variation margin on centrally cleared swap contracts (Note A)^(d)(e)		—		—		—			6,378,682
Receivable for bond forward contracts (Note A)		—		—		—			306,015
Receivable for forward foreign currency contracts (Note A)		—		—		—			1,582,374
Over-the-counter swap contracts, at value (Note A)		—		—		—			4,792,373
Receivable for unfunded loan commitments (Note A)		—		—		—			7,780
Prepaid expenses and other assets		32,614		40,638		59,740			99,306
Total Assets		65,029,062		243,288,886		87,588,401			3,610,390,790
Liabilities
Over-the-counter swap contracts, at value (Note A)		—		—		—			—
Cash collateral segregated for centrally cleared swap contracts due to broker (Note A)		—		—		—			1,134,161
Cash collateral segregated for over-the-counter derivatives due to broker (Note A)		—		—		—			50,000
Cash collateral segregated for futures contracts due to broker (Note A)		—		—		—			11,639,866
Payable to investment manager—net (Note B)		13,216		27,472		12,166			982,513
Due to custodian		—		—		—			—
Payable for securities purchased		396,228		3,985,502		—			522,718,592
Payable for Fund shares redeemed		9,957		85,501		102,658			4,749,884
Payable for accumulated variation margin on futures contracts (Note A)		—		—		—			—
Payable for forward foreign currency contracts (Note A)		—		—		—			2,023,036
Payable for accumulated variation margin on centrally cleared swap contracts (Note A)^(d)(e)		—		—		—			—
Payable to administrator—net (Note B)		—		5,715		—			425,245
Payable to trustees		6,317		5,343		6,317			6,317
Interest payable (Note A)		—		—		—			—
Payable for loaned securities collateral (Note A)		—		—		435,745			28,399,954
Distributions payable		6,663		299,159		3,197			1,852,006
Accrued capital gains taxes (Note A)		—		—		—			61,296
Other accrued expenses and payables		63,224		80,580		75,079			312,928
Total Liabilities		495,605		4,489,272		635,162			574,355,798
Net Assets	$	64,533,457	$	238,799,614	$	86,953,239		$	3,036,034,992
Net Assets consist of:
Paid-in capital	$	60,980,079	$	227,118,958	$	91,344,405		$	2,982,709,717
Total distributable earnings/(losses)		3,553,378		11,680,656		(4,391,166	)		53,325,275
Net Assets	$	64,533,457	$	238,799,614	$	86,953,239		$	3,036,034,992
Net Assets
Investor Class	$	—	$	12,517,784	$	20,874,446		$	—
Trust Class		—		—		2,854,399			9,535,970
Institutional Class		64,426,227		222,098,986		59,700,354			2,411,235,480
Class A		80,835		2,472,858		1,922,678			127,152,161
Class C		26,395		1,709,986		1,601,362			69,996,891
Class R3		—		—		—			—
Class R6		—		—		—			418,114,490

197

Statements of Assets and Liabilities (Unaudited) (cont'd)

Neuberger Berman Income Funds (cont'd)

	CORE BOND FUND		EMERGING MARKETS DEBT FUND		FLOATING RATE INCOME FUND		HIGH INCOME BOND FUND		MUNICIPAL HIGH INCOME FUND
	April 30, 2021		April 30, 2021		April 30, 2021		April 30, 2021		April 30, 2021
Shares Outstanding ($.001 par value; unlimited shares authorized)
Investor Class		1,331,282		—		—		8,795,997		—
Trust Class		—		—		—		—		—
Institutional Class		49,778,929		23,411,599		23,978,231		124,473,041		11,331,968
Class A		2,182,688		153,342		890,748		2,530,236		96,658
Class C		148,412		84,855		554,716		600,627		19,730
Class R3		—		—		—		216,852		—
Class R6		399,999		—		—		41,328,902		—
Net Asset Value, offering and redemption price per share
Investor Class	$	10.62	$	—	$	—	$	8.77	$	—
Trust Class		—		—		—		—		—
Institutional Class		10.65		8.44		9.76		8.79		10.84
Class R3		—		—		—		8.78		—
Class R6		10.65		—		—		8.79		—
Net Asset Value and redemption price per share
Class A	$	10.61	$	8.43	$	9.76	$	8.77	$	10.83
Offering Price per share
Class A‡	$	11.08	$	8.80	$	10.19	$	9.16	$	11.31
Net Asset Value and offering price per share
Class C^	$	10.62	$	8.44	$	9.76	$	8.79	$	10.85
†Securities on loan, at value:
Unaffiliated issuers	$	—	$	212,463	$	—	$	32,035,323	$	—
*Cost of Investments:
(a) Unaffiliated issuers	$	636,529,772	$	196,092,805	$	273,399,760	$	1,523,529,861	$	117,391,583
(b) Affiliated issuers		—		—		—		—
Total cost of investments	$	636,529,772	$	196,092,805	$	273,399,760	$	1,523,529,861	$	117,391,583
(c) Total cost of foreign currency	$	20,825	$	1,161,168	$	—	$	—	$	—
(d) Unamortized upfront receipts on centrally cleared swap contracts	$	—	$	—	$	—	$	—	$	—
(e) Unamortized upfront payments on centrally cleared swap contracts	$	—	$	—	$	—	$	—	$	—

‡ On single retail sales of less than $50,000. On sales of $50,000 or more or in certain other circumstances described in the Fund's prospectus, offering price is reduced.

^ Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See Notes to Financial Statements

198

	MUNICIPAL IMPACT FUND		MUNICIPAL INTERMEDIATE BOND FUND		SHORT DURATION BOND FUND		STRATEGIC INCOME FUND
	April 30, 2021		April 30, 2021		April 30, 2021		April 30, 2021
Shares Outstanding ($.001 par value; unlimited shares authorized)
Investor Class		—		1,024,929		2,662,706		—
Trust Class		—		—		381,959		832,405
Institutional Class		3,611,915		18,201,901		7,619,902		210,404,697
Class A		4,530		202,855		257,497		11,084,383
Class C		1,479		140,179		214,311		6,108,524
Class R3		—		—		—		—
Class R6		—		—		—		36,517,778
Net Asset Value, offering and redemption price per share
Investor Class	$	—	$	12.21	$	7.84	$	—
Trust Class		—		—		7.47		11.46
Institutional Class		17.84		12.20		7.83		11.46
Class R3		—		—		—		—
Class R6		—		—		—		11.45
Net Asset Value and redemption price per share
Class A	$	17.84	$	12.19	$	7.47	$	11.47
Offering Price per share
Class A‡	$	18.63	$	12.73	$	7.66	$	11.98
Net Asset Value and offering price per share
Class C^	$	17.84	$	12.20	$	7.47	$	11.46
†Securities on loan, at value:
Unaffiliated issuers	$	—	$	—	$	427,133	$	27,866,195
*Cost of Investments:
(a) Unaffiliated issuers	$	60,729,514	$	229,359,761	$	85,111,364	$	3,470,865,201
(b) Affiliated issuers								1,896,898
Total cost of investments	$	60,729,514	$	229,359,761	$	85,111,364	$	3,472,762,099
(c) Total cost of foreign currency	$	—	$	—	$	—	$	6,183,196
(d) Unamortized upfront receipts on centrally cleared swap contracts	$	—	$	—	$	—	$	170,237
(e) Unamortized upfront payments on centrally cleared swap contracts	$	—	$	—	$	—	$	7,177,969

199

Statements of Operations (Unaudited)

Neuberger Berman Income Funds

	CORE BOND FUND			EMERGING MARKETS DEBT FUND			FLOATING RATE INCOME FUND			HIGH INCOME BOND FUND		MUNICIPAL HIGH INCOME FUND
	For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021		For the Six Months Ended April 30, 2021
Investment Income:
Income (Note A):
Interest and other income—unaffiliated issuers	$	5,210,991		$	4,476,465		$	4,231,394		$	45,471,821	$	1,981,412
Dividend income—unaffiliated issuers		—			—			—			—		87,280
Dividend income—affiliated issuers (Note F)		—			—			—			—		—
Income from securities loaned—net		—			312			—			72,540		—
Foreign taxes withheld		—			(103,308	)		—			—		—
Total income	$	5,210,991		$	4,373,469		$	4,231,394		$	45,544,361	$	2,068,692
Expenses:
Investment management fees (Note B)		487,723			495,374			427,344			3,879,535		239,579
Administration fees (Note B):
Investor Class		18,854			—			—			104,841		—
Trust Class		—			—			—			—		—
Institutional Class		374,352			133,673			137,085			863,965		88,898
Class A		31,562			1,779			10,394			26,071		1,458
Class C		2,524			792			7,368			7,556		242
Class R3		—			—			—			2,459		—
Class R6		891			—			—			90,032		—
Distribution fees (Note B):
Investor Class		17,457			—			—			—		—
Trust Class		—			—			—			—		—
Class A		29,224			1,647			9,624			24,140		1,350
Class C		9,347			2,933			27,287			27,984		895
Class R3		—			—			—			4,554		—
Shareholder servicing agent fees:
Investor Class		5,855			—			—			12,955		—
Trust Class		—			—			—			—		—
Institutional Class		3,656			651			437			4,743		199
Class A		470			264			711			3,767		238
Class C		157			34			229			452		73
Class R3		—			—			—			187		—
Class R6		30			—			—			824		—
Audit fees		17,059			26,436			20,010			28,833		14,580
Custodian and accounting fees		78,469			108,654			140,113			154,311		39,784
Insurance		7,774			3,192			2,889			32,809		2,089
Legal fees		27,462			24,333			25,389			24,632		24,288
Registration and filing fees		53,940			33,090			26,859			70,956		24,701
Repayment to Management of expenses previously assumed by Management (Note B)		—			—			—			2,203		—
Shareholder reports		32,685			5,070			1,546			101,305		3,881
Trustees' fees and expenses		23,609			23,609			23,609			23,609		23,609
Interest		215			836			187			9,471		1,321
Miscellaneous		20,628			9,718			21,517			80,709		7,434
Total expenses		1,243,943			872,085			882,598			5,582,903		474,619
Expenses reimbursed by Management (Note B)		(123,088	)		(160,684	)		(204,425	)		—		(169,183	)
Investment management fees waived (Note A)		—			—			—			—		—
Total net expenses		1,120,855			711,401			678,173			5,582,903		305,436
Net investment income/(loss)	$	4,090,136		$	3,662,068		$	3,553,221		$	39,961,458	$	1,763,256

See Notes to Financial Statements

200

	MUNICIPAL IMPACT FUND			MUNICIPAL INTERMEDIATE BOND FUND			SHORT DURATION BOND FUND			STRATEGIC INCOME FUND
	For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021
Investment Income:
Income (Note A):
Interest and other income—unaffiliated issuers	$	696,494		$	2,527,286		$	1,131,651		$	57,249,764
Dividend income—unaffiliated issuers		—			—			26,728			—
Dividend income—affiliated issuers (Note F)		—			—			—			8,641
Income from securities loaned—net		—			—			1,003			51,005
Foreign taxes withheld		—			—			—			(90,018	)
Total income	$	696,494		$	2,527,286		$	1,159,382		$	57,219,392
Expenses:
Investment management fees (Note B)		78,802			163,708			71,903			5,777,235
Administration fees (Note B):
Investor Class		—			17,047			27,543			—
Trust Class		—			—			6,809			19,134
Institutional Class		47,197			162,586			43,368			1,732,376
Class A		112			3,470			2,370			172,718
Class C		40			2,549			2,547			96,686
Class R3		—			—			—			—
Class R6		—			—			—			92,414
Distribution fees (Note B):
Investor Class		—			—			—			—
Trust Class		—			—			—			4,783
Class A		104			3,213			2,194			159,924
Class C		148			9,443			9,435			358,097
Class R3		—			—			—			—
Shareholder servicing agent fees:
Investor Class		—			2,960			7,743			—
Trust Class		—			—			201			1,540
Institutional Class		13,318			772			252			7,952
Class A		26			147			170			3,783
Class C		—			132			130			1,371
Class R3		—			—			—			—
Class R6		—			—			—			1,293
Audit fees		14,554			25,778			26,914			30,767
Custodian and accounting fees		35,669			44,988			43,597			335,636
Insurance		1,111			3,864			1,448			49,077
Legal fees		25,036			30,697			31,175			40,448
Registration and filing fees		24,296			34,432			49,227			83,199
Repayment to Management of expenses previously assumed by Management (Note B)		—			—			—			8,099
Shareholder reports		4,699			7,100			4,562			98,972
Trustees' fees and expenses		23,609			22,635			23,609			23,609
Interest		22			1,352			562			10,022
Miscellaneous		5,607			12,264			7,094			128,956
Total expenses		274,350			549,137			362,853			9,238,091
Expenses reimbursed by Management (Note B)		(137,585	)		(168,981	)		(179,008	)		(178,836	)
Investment management fees waived (Note A)		—			—			—			(118	)
Total net expenses		136,765			380,156			183,845			9,059,137
Net investment income/(loss)	$	559,729		$	2,147,130		$	975,537		$	48,160,255

201

Statements of Operations (Unaudited) (cont'd)

Neuberger Berman Income Funds (cont'd)

	CORE BOND FUND			EMERGING MARKETS DEBT FUND			FLOATING RATE INCOME FUND			HIGH INCOME BOND FUND			MUNICIPAL HIGH INCOME FUND
	For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021			For the Six Months Ended April 30, 2021
Realized and Unrealized Gain/(Loss) on Investments (Note A):
Net realized gain/(loss) on:
Transactions in investment securities of unaffiliated issuers		1,036,166			(722,823	)*		173,229			38,619,712			1,186,651
Settlement of bond forward contracts		—			—			—			—			—
Settlement of forward foreign currency contracts		—			268,846			—			—			—
Settlement of foreign currency transactions		—			182,627			—			—			—
Expiration or closing of futures contracts		3,098,566			240,989			—			—			—
Expiration or closing of swap contracts		—			38,320			301,901			3,025,879			—
Change in net unrealized appreciation/ (depreciation) in value of:
Investment securities of unaffiliated issuers		(6,866,556	)		4,433,704	**		5,856,463			42,178,669			4,823,462
Investment securities of affiliated issuers		—			—			—			—			—
Unfunded loan commitments		—			—			(5,478	)		(27,487	)		—
Forward foreign currency contracts		—			(210,932	)		—			—			—
Bond forward contracts		—			—			—			—			—
Foreign currency translations		1,961			12,025			—			—			—
Futures contracts		(672,544	)		216,620			—			—			—
Swap contracts		—			(116,220	)		59,350			1,265,618			—
Net gain/(loss) on investments		(3,402,407	)		4,343,156			6,385,465			85,062,391			6,010,113
Net increase/(decrease) in net assets resulting from operations	$	687,729		$	8,005,224		$	9,938,686		$	125,023,849		$	7,773,369

* Net of foreign capital gains tax of $2,549 for Emerging Markets Debt and $13,171 for Strategic Income.

** Change in accrued foreign capital gains tax amounted to $(636) for Emerging Markets Debt and $(52,443) for Strategic Income.

See Notes to Financial Statements

202

	MUNICIPAL IMPACT FUND		MUNICIPAL INTERMEDIATE BOND FUND		SHORT DURATION BOND FUND		STRATEGIC INCOME FUND
	For the Six Months Ended April 30, 2021		For the Six Months Ended April 30, 2021		For the Six Months Ended April 30, 2021		For the Six Months Ended April 30, 2021
Realized and Unrealized Gain/(Loss) on Investments (Note A):
Net realized gain/(loss) on:
Transactions in investment securities of unaffiliated issuers		95,920		1,203,546		533,811		48,377,692	*
Settlement of bond forward contracts		—		—		—		393,505
Settlement of forward foreign currency contracts		—		—		—		2,500,306
Settlement of foreign currency transactions		—		—		—		291,115
Expiration or closing of futures contracts		—		—		431,896		44,759,646
Expiration or closing of swap contracts		—		—		—		4,074,982
Change in net unrealized appreciation/ (depreciation) in value of:
Investment securities of unaffiliated issuers		268,480		3,613,196		551,757		28,520,785	**
Investment securities of affiliated issuers		—		—		—		3,396
Unfunded loan commitments		—		—		—		(6,657	)
Forward foreign currency contracts		—		—		—		(24,157	)
Bond forward contracts		—		—		—		752,234
Foreign currency translations		—		—		—		(310,438	)
Futures contracts		—		—		6,356		4,047,452
Swap contracts		—		—		—		4,154,657
Net gain/(loss) on investments		364,400		4,816,742		1,523,820		137,534,518
Net increase/(decrease) in net assets resulting from operations	$	924,129	$	6,963,872	$	2,499,357	$	185,694,773

203

Statements of Changes in Net Assets

Neuberger Berman Income Funds

	CORE BOND FUND						EMERGING MARKETS DEBT FUND						FLOATING RATE INCOME FUND
	Six Months Ended April 30, 2021 (Unaudited)			Fiscal Year Ended October 31, 2020			Six Months Ended April 30, 2021 (Unaudited)			Fiscal Year Ended October 31, 2020			Six Months Ended April 30, 2021 (Unaudited)			Fiscal Year Ended October 31, 2020
Increase/(Decrease) in Net Assets:
From Operations (Note A):
Net investment income/(loss)	$	4,090,136		$	10,417,029		$	3,662,068		$	7,444,559		$	3,553,221		$	8,107,965
Net realized gain/(loss) on investments		4,134,732			13,092,073			7,959			(11,731,789	)		475,130			(10,274,722	)
Change in net unrealized appreciation/ (depreciation) of investments		(7,537,139	)		3,077,053			4,335,197			(3,476,097	)		5,910,335			985,349
Net increase/(decrease) in net assets resulting from operations		687,729			26,586,155			8,005,224			(7,763,327	)		9,938,686			(1,181,408	)
Distributions to Shareholders From (Note A):
Distributable earnings:
Investor Class		(383,847	)		(355,155	)		—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		(14,521,389	)		(12,261,101	)		(3,575,680	)		(2,387,251	)		(3,340,886	)		(7,531,977	)
Class A		(651,556	)		(541,934	)		(23,939	)		(26,813	)		(126,540	)		(236,720	)
Class C		(47,850	)		(47,043	)		(8,463	)		(1,449	)		(69,621	)		(289,871	)
Class R3		—			—			—			—			—			—
Class R6		(100,779	)		(80,554	)		—			—			—			—
Tax return of capital:
Institutional Class		—			—			—			(4,678,443	)		—			(35,060	)
Class A		—			—			—			(65,293	)		—			(1,214	)
Class C		—			—			—			(14,537	)		—			(1,811	)
Total distributions to shareholders		(15,705,421	)		(13,285,787	)		(3,608,082	)		(7,173,786	)		(3,537,047	)		(8,096,653	)
From Fund Share Transactions (Note D):
Proceeds from shares sold:
Investor Class		1,708,018			4,187,763			—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		132,799,413			223,493,673			49,573,198			128,328,872			92,994,778			69,155,593
Class A		3,198,716			12,167,675			233,086			414,419			3,322,587			3,350,149
Class C		120,257			1,372,519			213,755			328,748			517,481			308,613
Class R3		—			—			—			—			—			—
Class R6		1,377,798			1,347,865			—			—			—			—
Proceeds from reinvestment of dividends and distributions:
Investor Class		362,375			323,718			—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		9,783,571			7,806,650			3,562,528			6,999,358			3,312,570			7,426,709
Class A		539,338			473,011			22,815			86,121			84,331			183,236
Class C		35,360			32,224			8,046			15,019			66,171			202,652
Class R3		—			—			—			—			—			—
Class R6		93,623			17,262			—			—			—			—
Payments for shares redeemed:
Investor Class		(1,664,612	)		(2,206,014	)		—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		(72,360,391	)		(102,034,548	)		(12,777,408	)		(126,076,007	)		(17,619,368	)		(125,110,920	)
Class A		(2,948,749	)		(9,680,603	)		(333,786	)		(2,233,538	)		(2,017,161	)		(2,943,094	)
Class C		(589,520	)		(1,643,500	)		(58,868	)		(135,512	)		(1,007,466	)		(6,190,594	)
Class R3		—			—			—			—			—			—
Class R6		(176,598	)		(1,728,960	)		—			—			—			—
Net increase/(decrease) from Fund share transactions		72,278,599			133,928,735			40,443,366			7,727,480			79,653,923			(53,617,656	)
Net Increase/(Decrease) in Net Assets		57,260,907			147,229,103			44,840,508			(7,209,633	)		86,055,562			(62,895,717	)
Net Assets:
Beginning of period		515,796,226			368,567,123			154,879,699			162,089,332			162,046,679			224,942,396
End of period	$	573,057,133		$	515,796,226		$	199,720,207		$	154,879,699		$	248,102,241		$	162,046,679

See Notes to Financial Statements

204

	HIGH INCOME BOND FUND						MUNICIPAL HIGH INCOME FUND						MUNICIPAL IMPACT FUND
	Six Months Ended April 30, 2021 (Unaudited)			Fiscal Year Ended October 31, 2020			Six Months Ended April 30, 2021 (Unaudited)			Fiscal Year Ended October 31, 2020			Six Months Ended April 30, 2021 (Unaudited)			Fiscal Year Ended October 31, 2020
Increase/(Decrease) in Net Assets:
From Operations (Note A):
Net investment income/(loss)	$	39,961,458		$	100,062,984		$	1,763,256		$	3,684,159		$	559,729		$	1,162,997
Net realized gain/(loss) on investments		41,645,591			(49,325,099	)		1,186,651			(875,678	)		95,920			269,183
Change in net unrealized appreciation/ (depreciation) of investments		43,416,800			(24,321,719	)		4,823,462			(2,779,298	)		268,480			474,733
Net increase/(decrease) in net assets resulting from operations		125,023,849			26,416,166			7,773,369			29,183			924,129			1,906,913
Distributions to Shareholders From (Note A):
Distributable earnings:
Investor Class		(1,895,826	)		(4,033,366	)		—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		(29,038,101	)		(65,549,284	)		(1,773,094	)		(3,651,177	)		(821,941	)		(1,431,743	)
Class A		(442,618	)		(932,848	)		(14,178	)		(24,734	)		(944	)		(1,592	)
Class C		(109,063	)		(385,461	)		(1,680	)		(8,676	)		(249	)		(370	)
Class R3		(40,051	)		(91,775	)		—			—			—			—
Class R6		(9,251,154	)		(30,389,547	)		—			—			—			—
Tax return of capital:
Institutional Class		—			—			—			—			—			—
Class A		—			—			—			—			—			—
Class C		—			—			—			—			—			—
Total distributions to shareholders		(40,776,813	)		(101,382,281	)		(1,788,952	)		(3,684,587	)		(823,134	)		(1,433,705	)
From Fund Share Transactions (Note D):
Proceeds from shares sold:
Investor Class		3,803,309			9,819,720			—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		134,068,708			609,073,932			12,765,026			22,835,451			4,232,886			5,397,119
Class A		26,070,239			38,743,459			870,773			103,471			6,000			—
Class C		35,680			376,588			50,000			33,000			—			13,626
Class R3		239,657			443,883			—			—			—			—
Class R6		88,935,926			332,352,755			—			—			—			—
Proceeds from reinvestment of dividends and distributions:
Investor Class		1,804,387			3,795,670			—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		24,376,805			52,754,589			1,770,475			3,622,862			769,067			1,328,596
Class A		319,059			762,525			9,927			16,928			648			1,065
Class C		93,057			237,512			1,430			8,155			52			38
Class R3		39,790			86,934			—			—			—			—
Class R6		8,826,545			28,528,938			—			—			—			—
Payments for shares redeemed:
Investor Class		(9,025,253	)		(21,175,723	)		—			—			—			—
Trust Class		—			—			—			—			—			—
Institutional Class		(274,469,129	)		(944,300,233	)		(15,535,457	)		(27,615,428	)		(3,423,918	)		(3,446,692	)
Class A		(23,472,934	)		(45,988,145	)		(760,956	)		(348,230	)		(5,567	)		(1,011	)
Class C		(1,005,879	)		(6,426,515	)		(192,885	)		(332,079	)		(9,924	)		(5,000	)
Class R3		(252,741	)		(2,910,790	)		—			—			—			—
Class R6		(55,445,495	)		(773,447,832	)		—			—			—			—
Net increase/(decrease) from Fund share transactions		(75,058,269	)		(717,272,733	)		(1,021,667	)		(1,675,870	)		1,569,244			3,287,741
Net Increase/(Decrease) in Net Assets		9,188,767			(792,238,848	)		4,962,750			(5,331,274	)		1,670,239			3,760,949
Net Assets:
Beginning of period		1,554,254,342			2,346,493,190			119,146,425			124,477,699			62,863,218			59,102,269
End of period	$	1,563,443,109		$	1,554,254,342		$	124,109,175		$	119,146,425		$	64,533,457		$	62,863,218

205

Statements of Changes in Net Assets (cont'd)

Neuberger Berman Income Funds

	MUNICIPAL INTERMEDIATE BOND FUND						SHORT DURATION BOND FUND
	Six Months Ended April 30, 2021			Fiscal Year Ended October 31, 2020 (Unaudited)			Six Months Ended April 30, 2021			Fiscal Year Ended October 31, 2020 (Unaudited)
Increase/(Decrease) in Net Assets:
From Operations (Note A):
Net investment income/(loss)	$	2,147,130		$	4,488,254		$	975,537		$	2,527,060
Net realized gain/(loss) on investments		1,203,546			1,119,874			965,707			(893,788	)
Change in net unrealized appreciation/ (depreciation) of investments		3,613,196			(944,475	)		558,113			161,578
Net increase/(decrease) in net assets resulting from operations		6,963,872			4,663,653			2,499,357			1,794,850
Distributions to Shareholders From (Note A):
Distributable earnings:
Investor Class		(162,320	)		(293,144	)		(289,183	)		(627,978	)
Trust Class		—			—			(37,338	)		(61,525	)
Institutional Class		(2,927,995	)		(4,644,750	)		(877,984	)		(1,865,834	)
Class A		(30,313	)		(39,797	)		(23,478	)		(28,186	)
Class C		(15,846	)		(32,055	)		(17,915	)		(36,013	)
Class R3		—			—			—			—
Class R6		—			—			—			—
Tax return of capital:
Institutional Class		—			—			—			—
Class A		—			—			—			—
Class C		—			—			—			—
Total distributions to shareholders		(3,136,474	)		(5,009,746	)		(1,245,898	)		(2,619,536	)
From Fund Share Transactions (Note D):
Proceeds from shares sold:
Investor Class		517,005			1,757,159			904,211			2,043,929
Trust Class		—			—			426,594			912,540
Institutional Class		21,262,190			45,814,917			14,256,953			26,548,133
Class A		298,597			1,248,181			578,342			1,355,519
Class C		171,424			399,085			207,081			1,568,319
Class R3		—			—			—			—
Class R6		—			—			—			—
Proceeds from reinvestment of dividends and distributions:
Investor Class		138,017			241,351			276,679			595,488
Trust Class		—			—			37,305			61,454
Institutional Class		1,083,950			873,933			873,223			1,865,834
Class A		15,072			26,765			19,809			22,897
Class C		12,804			20,741			17,621			31,744
Class R3		—			—			—			—
Class R6		—			—			—			—
Payments for shares redeemed:
Investor Class		(857,892	)		(2,678,567	)		(1,080,092	)		(3,792,348	)
Trust Class		—			—			(305,099	)		(266,771	)
Institutional Class		(10,992,696	)		(21,481,001	)		(11,994,147	)		(28,417,204	)
Class A		(482,086	)		(502,217	)		(208,643	)		(646,802	)
Class C		(471,745	)		(1,094,297	)		(723,732	)		(922,239	)
Class R3		—			—			—			—
Class R6		—			—			—			—
Net increase/(decrease) from Fund share transactions		10,694,640			24,626,050			3,286,105			960,493
Net Increase/(Decrease) in Net Assets		14,522,038			24,279,957			4,539,564			135,807
Net Assets:
Beginning of period		224,277,576			199,997,619			82,413,675			82,277,868
End of period	$	238,799,614		$	224,277,576		$	86,953,239		$	82,413,675

See Notes to Financial Statements

206

	STRATEGIC INCOME FUND
	Six Months Ended April 30, 2021			Fiscal Year Ended October 31, 2020 (Unaudited)
Increase/(Decrease) in Net Assets:
From Operations (Note A):
Net investment income/(loss)	$	48,160,255		$	98,718,755
Net realized gain/(loss) on investments		100,397,246			18,036,998
Change in net unrealized appreciation/ (depreciation) of investments		37,137,272			(43,975,269	)
Net increase/(decrease) in net assets resulting from operations		185,694,773			72,780,484
Distributions to Shareholders From (Note A):
Distributable earnings:
Investor Class		—			—
Trust Class		(184,475	)		(326,660	)
Institutional Class		(48,657,440	)		(90,274,906	)
Class A		(2,434,420	)		(4,080,740	)
Class C		(1,110,908	)		(2,538,924	)
Class R3		—			—
Class R6		(7,997,856	)		(12,490,296	)
Tax return of capital:
Institutional Class		—			—
Class A		—			—
Class C		—			—
Total distributions to shareholders		(60,385,099	)		(109,711,526	)
From Fund Share Transactions (Note D):
Proceeds from shares sold:
Investor Class		—			—
Trust Class		319,228			2,609,944
Institutional Class		393,717,267			865,666,004
Class A		19,554,617			69,778,551
Class C		5,532,819			12,932,248
Class R3		—			—
Class R6		94,637,198			62,342,429
Proceeds from reinvestment of dividends and distributions:
Investor Class		—			—
Trust Class		178,925			313,957
Institutional Class		40,193,508			74,676,388
Class A		1,569,675			2,811,591
Class C		992,905			2,039,424
Class R3		—			—
Class R6		7,997,368			12,472,851
Payments for shares redeemed:
Investor Class		—			—
Trust Class		(945,380	)		(1,809,597	)
Institutional Class		(351,259,664	)		(1,034,598,148	)
Class A		(25,548,173	)		(60,792,808	)
Class C		(13,195,780	)		(41,386,629	)
Class R3		—			—
Class R6		(31,514,877	)		(43,193,064	)
Net increase/(decrease) from Fund share transactions		142,229,636			(76,136,859	)
Net Increase/(Decrease) in Net Assets		267,539,310			(113,067,901	)
Net Assets:
Beginning of period		2,768,495,682			2,881,563,583
End of period	$	3,036,034,992		$	2,768,495,682

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Notes to Financial Statements Income Funds (Unaudited)

Note A—Summary of Significant Accounting Policies:

1 General: Neuberger Berman Income Funds (the "Trust") is a Delaware statutory trust organized pursuant to an Amended and Restated Trust Instrument dated March 27, 2014. The Trust is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and its shares are registered under the Securities Act of 1933, as amended. Each of Neuberger Berman Core Bond Fund ("Core Bond"), Neuberger Berman Emerging Markets Debt Fund ("Emerging Markets Debt"), Neuberger Berman Floating Rate Income Fund ("Floating Rate Income"), Neuberger Berman High Income Bond Fund ("High Income"), Neuberger Berman Municipal High Income Fund ("Municipal High Income"), Neuberger Berman Municipal Impact Fund ("Municipal Impact"), Neuberger Berman Municipal Intermediate Bond Fund ("Municipal Intermediate Bond"), Neuberger Berman Short Duration Bond Fund ("Short Duration") and Neuberger Berman Strategic Income Fund ("Strategic Income") (each individually a "Fund," and collectively, the "Funds") is a separate operating series of the Trust. Each Fund (except Emerging Markets Debt) is diversified. Under the 1940 Act, the status of a Fund that was registered as non-diversified may, under certain circumstances, change to that of a diversified fund. Municipal Impact became diversified in June 2018 in connection with its investment strategy change. Four Funds offer Investor Class shares, two offer Trust Class shares, nine offer Institutional Class shares, nine offer Class A shares, nine offer Class C shares, one offers Class R3 shares and three offer Class R6 shares. The Trust's Board of Trustees (the "Board") may establish additional series or classes of shares without the approval of shareholders.

A balance indicated with a "—", reflects either a zero balance or a balance that rounds to less than 1.

The assets of each Fund belong only to that Fund, and the liabilities of each Fund are borne solely by that Fund and no other series of the Trust.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 "Financial Services—Investment Companies."

The preparation of financial statements in accordance with U.S. generally accepted accounting principles ("GAAP") requires Neuberger Berman Investment Advisers LLC ("Management" or "NBIA") to make estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates.

2 Portfolio valuation: In accordance with ASC 820 "Fair Value Measurement" ("ASC 820"), all investments held by each of the Funds are carried at the value that Management believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds' investments, some of which are discussed below. Significant Management judgment may be necessary to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

• Level 1 – unadjusted quoted prices in active markets for identical investments

• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

• Level 3 – unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

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The value of the Funds' investments in equity securities and exchange-traded funds ("ETFs"), for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

The value of the Funds' investments in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Funds:

Corporate Bonds. Inputs used to value corporate debt securities generally include relative credit information, observed market movements, sector news, U.S. Treasury yield curve or relevant benchmark curve, and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available ("Other Market Information").

Convertible Bonds. Inputs used to value convertible bonds generally include underlying stock data, conversion rates, credit specific details, relative listed bond and preferred stock prices and Other Market Information.

U.S. Treasury Obligations. Inputs used to value U.S. Treasury securities generally include quotes from several inter-dealer brokers and Other Market Information.

U.S. Government Agency Securities. Inputs used to value U.S. Government Agency securities generally include obtaining benchmark quotes and Other Market Information.

Asset-Backed Securities and Mortgage-Backed Securities. Inputs used to value asset-backed securities and mortgage-backed securities generally include models that consider a number of factors, which may include the following: prepayment speeds, cash flows, spread adjustments and Other Market Information.

High Yield Securities. Inputs used to value high yield securities generally include a number of observations of equity and credit default swap curves related to the issuer and Other Market Information.

Municipal Debt Securities. Inputs used to value municipal debt securities include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, and specific data on specialty issues.

Emerging Markets Debt and Foreign Government Securities. Inputs used to value emerging markets debt and foreign government securities generally include dealer quotes, bond market activity, discounted cash flow models, and other relevant information such as credit spreads, benchmark curves and Other Market Information.

The value of forward foreign currency contracts ("forward FX contracts") is determined by Management by obtaining valuations from independent pricing services based on actual traded currency rates on independent

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pricing services' networks, along with other traded and quoted currency rates provided to the pricing services by leading market participants (Level 2 inputs).

The value of loan assignments is determined by Management primarily by obtaining valuations from independent pricing services based on broker quotes (generally Level 2 or Level 3 inputs depending on the number of quotes available).

The value of futures contracts is determined by Management by obtaining valuations from independent pricing services at the settlement price at the market close (Level 1 inputs).

The value of bond forward contracts ("bond forwards") is determined by Management by obtaining valuations from independent pricing services using a model that considers the current price of the underlying bond and the forward curve (Level 2 inputs).

The value of interest rate swaps is determined by Management primarily by obtaining valuations from independent pricing services based on references to the underlying rates including the local overnight index swap rate and the respective interbank offered forward rate to produce the daily price. The present value is calculated based off of expected cash flows based on swap parameters along with reference to the underlying yield curve and reference rate (Level 2 inputs).

The value of inflation swaps is determined by Management primarily by obtaining valuations from independent pricing services based on references to the underlying inflation rates including forward inflation expectation rate and the respective interbank offered forward rate to produce the daily price. The present value is calculated based off of expected cash flows based on swap parameters along with reference to the underlying forward inflation curve and reference rate (Level 2 inputs).

The value of credit default swaps is determined by Management by obtaining valuations from independent pricing services using a model that considers a number of factors, which may include default probabilities, credit curves, recovery rates and cash flows (Level 2 inputs).

The value of total return swaps and total return basket swaps is determined by Management by obtaining valuations from independent pricing services using the underlying asset and stated benchmark interest rate (Level 2 inputs).

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

Investments in non-exchange traded investment companies with a readily determinable fair value are valued using the respective fund's daily calculated net asset value ("NAV") per share (Level 2 inputs).

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not readily available, the security is valued using methods the Board has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Inputs and assumptions considered in determining the fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of the security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers and/or pricing services; information obtained from the issuer and/or analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

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The value of the Funds' investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time on days the New York Stock Exchange ("NYSE") is open for business. The Board has approved the use of ICE Data Services ("ICE") to evaluate the prices of foreign debt securities as of the time as of which a Fund's share price is calculated. ICE utilizes benchmark spread and yield curves and evaluates available market activity from the local close to the time as of which a Fund's share price is calculated (Level 2 inputs) to assist in determining prices for certain foreign debt securities. In the absence of precise information about the market values of these foreign securities as of the time as of which a Fund's share price is calculated, the Board has determined on the basis of available data that prices adjusted or evaluated in this way are likely to be closer to the prices a Fund could realize on a current sale than are the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades.

In December 2020, the Securities and Exchange Commission ("SEC") adopted Rule 2a-5 under the 1940 Act, which establishes requirements for determining fair value in good faith for purposes of the 1940 Act, including related oversight and reporting requirements. The rule also defines when market quotations are "readily available" for purposes of the 1940 Act, the threshold for determining whether a fund must fair value a security. The rule became effective on March 8, 2021, however, the SEC adopted an eighteen-month transition period beginning from the effective date. Management is currently evaluating this guidance.

3 Foreign currency translations: Core Bond, Emerging Markets Debt, Floating Rate Income, High Income, Short Duration and Strategic Income may invest in foreign securities denominated in foreign currencies. The accounting records of the Funds are maintained in U.S. dollars. Foreign currency amounts are normally translated into U.S. dollars using the exchange rate as of 4:00 p.m. Eastern Time, on days the NYSE is open for business, to determine the value of investments, other assets and liabilities. Purchase and sale prices of securities, and income and expenses, are translated into U.S. dollars at the prevailing rate of exchange on the respective dates of such transactions. Net unrealized foreign currency gain/(loss), if any, arises from changes in the value of assets and liabilities, other than investments in securities, as a result of changes in exchange rates and is stated separately in the Statements of Operations.

4 Securities transactions and investment income: Securities transactions are recorded on trade date for financial reporting purposes. Dividend income is recorded on the ex-dividend date or, for certain foreign dividends, as soon as a Fund becomes aware of the dividends. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income, including accretion of discount (adjusted for original issue discount, where applicable) and amortization of premium, where applicable, is recorded on the accrual basis. Realized gains and losses from securities transactions and foreign currency transactions, if any, are recorded on the basis of identified cost and stated separately in the Statements of Operations. Included in net realized gain/(loss) on investments are proceeds from the settlement of class action litigation(s) in which certain of the Funds participated as a class member. The amount of such proceeds for the six months ended April 30, 2021, was $257, $259 and $263 for High Income, Short Duration and Strategic Income.

5 Income tax information: Each Fund is treated as a separate entity for U.S. federal income tax purposes. It is the policy of each Fund to continue to qualify for treatment as a regulated investment company ("RIC") by complying with the requirements of the U.S. Internal Revenue Code applicable to RICs and to distribute substantially all of its net investment income and net realized capital gains to its shareholders. To the extent a Fund distributes substantially all of its net investment income and net realized capital gains to shareholders, no federal income or excise tax provision is required.

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The Funds have adopted the provisions of ASC 740 "Income Taxes" ("ASC 740"). ASC 740 sets forth a minimum threshold for financial statement recognition of a tax position taken, or expected to be taken, in a tax return. The Funds recognize interest and penalties, if any, related to unrecognized tax positions as an income tax expense in the Statements of Operations. The Funds are subject to examination by U.S. federal and state tax authorities for returns filed for the tax years for which the applicable statutes of limitations have not yet expired. As of April 30, 2021, the Funds did not have any unrecognized tax positions.

For federal income tax purposes, the estimated cost and unrealized appreciation/(depreciation) in value of investments held at April 30, 2021 were as follows:

	Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation		Net Unrealized Appreciation/ (Depreciation)
Core Bond	$	636,645,005	$	15,314,625	$	10,518,392	$	4,796,233
Emerging Markets Debt		197,891,196		6,615,345		7,379,856		(764,511	)
Floating Rate Income		273,613,268		1,742,149		1,384,683		357,466
High Income		1,523,529,861		69,370,438		3,184,861		66,185,577
Municipal High Income		117,693,326		7,599,693		2,090,197		5,509,496
Municipal Impact		60,729,514		3,542,387		86,963		3,455,424
Municipal Intermediate Bond		229,359,761		11,457,013		532,005		10,925,008
Short Duration		85,191,505		1,396,509		764,390		632,119
Strategic Income		3,479,036,127		99,438,603		58,820,510		40,618,093

Income distributions and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. These differences are primarily due to differing treatments of income and gains on various investment securities held by each Fund, timing differences and differing characterization of distributions made by each Fund. The Funds may also utilize earnings and profits distributed to shareholders on redemption of their shares as a part of the dividends-paid deduction for income tax purposes.

Any permanent differences resulting from different book and tax treatment are reclassified at year-end and have no impact on net income, NAV or NAV per share of the Funds. For the year ended October 31, 2020, the Funds recorded permanent reclassifications primarily related to one or more of the following: gains (losses) & tax adjustments on securities redeemed in kind, prior year true up adjustments, return of capital distributions and deemed distributions on shareholder redemptions. For the year ended October 31, 2020, the Funds recorded the following permanent reclassifications:

	Paid-in Capital		Total Distributable Earnings/(Losses)
Core Bond	$	1	$	(1	)
Emerging Markets Debt		1,452		(1,452	)
Floating Rate Income		—		—
High Income		12,609,279		(12,609,279	)
Municipal High Income		—		—
Municipal Impact		5,938		(5,938	)
Municipal Intermediate Bond		—		—
Short Duration		—		—
Strategic Income		—		—

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The tax character of distributions paid during the years ended October 31, 2020, and October 31, 2019, was as follows:

	Distributions Paid From:
	Ordinary Income				Tax-Exempt Income				Long-Term Capital Gain				Return of Capital				Total
	2020		2019		2020		2019		2020		2019		2020		2019		2020		2019
Core Bond	$	13,285,787	$	10,394,896	$	—	$	—	$	—	$	—	$	—	$	2,132,688	$	13,285,787	$	12,527,584
Emerging Markets Debt		2,415,513		6,290,981		—		—		—		—		4,758,273		4,099,521		7,173,786		10,390,502
Floating Rate Income		8,058,568		14,497,918		—		—		—		—		38,085		—		8,096,653		14,497,918
High Income		101,382,281		125,706,721		—		—		—		—		—		—		101,382,281		125,706,721
Municipal High Income		4,963		9,859		3,679,624		3,212,433		—		—		—		—		3,684,587		3,222,292
Municipal Impact		3,586		18,138		1,148,099		1,250,658		282,020		104,768		—		—		1,433,705		1,373,564
Municipal Intermediate Bond		439		644,458		4,432,437		4,450,231		576,870		418,522		—		—		5,009,746		5,513,211
Short Duration		2,619,536		2,318,905		—		—		—		—		—		—		2,619,536		2,318,905
Strategic Income		109,711,526		97,970,476		—		—		—		—		—		14,358,248		109,711,526		112,328,724

As of October 31, 2020, the components of distributable earnings (accumulated losses) on a U.S. federal income tax basis were as follows:

	Undistributed Ordinary Income/(Loss)		Undistributed Tax-Exempt Income		Undistributed Long-Term Capital Gain		Unrealized Appreciation/ (Depreciation)			Loss Carryforwards and Deferrals			Other Temporary Differences			Total
Core Bond	$	8,840,703	$	—	$	—	$	12,337,702		$	(1,864,828	)	$	(352,617	)	$	18,960,960
Emerging Markets Debt		—		—		—		(5,387,730	)		(12,216,721	)		(28,114	)		(17,632,565	)
Floating Rate Income		—		—		—		(5,552,869	)		(32,950,566	)		(50,137	)		(38,553,572	)
High Income		489,230		—		—		20,727,336			(212,241,387	)		(941,362	)		(191,966,183	)
Municipal High Income		—		197,553		—		686,033			(2,275,129	)		(14,510	)		(1,406,053	)
Municipal Impact		—		8,941		263,221		3,186,944			—			(6,723	)		3,452,383
Municipal Intermediate Bond		—		—		856,363		7,311,812			—			(314,917	)		7,853,258
Short Duration		333,773		—		—		29,087			(6,004,655	)		(2,830	)		(5,644,625	)
Strategic Income		1,839,983		—		—		2,755,865			(75,146,001	)		(1,434,246	)		(71,984,399	)

The temporary differences between book basis and tax basis distributable earnings are primarily due to: losses disallowed and/or recognized on wash sales and straddles, timing differences of fund level distributions, mark-to-market adjustments on swaps, futures and forward FX contracts, amortization of bond premium, defaulted bond adjustments, amortization of organizational expenses and tax adjustments related to treasury inflation protection securities, swap contracts and other investments.

To the extent each Fund's net realized capital gains, if any, can be offset by capital loss carryforwards, it is the policy of each Fund not to distribute such gains. Capital loss carryforward rules allow for RICs to carry forward capital losses indefinitely and to retain the character of capital loss carryforwards as short-term or long-term. As

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determined at October 31, 2020, the following Funds had unused capital loss carryforwards available for federal income tax purposes to offset future net realized capital gains, if any, as follows:

	Capital Loss Carryforwards
	Long-Term		Short-Term
Emerging Markets Debt	$	7,970,110	$	4,173,236
Floating Rate Income		23,303,840		9,646,726
High Income		148,365,373		63,876,014
Municipal High Income		947,538		1,327,591
Short Duration		4,457,486		1,547,169
Strategic Income		74,550,093		589,961

During the year ended October 31, 2020, Core Bond utilized capital loss carryforwards of $2,341,288.

6 Distributions to shareholders: Each Fund earns income, net of expenses, daily on its investments. Ordinarily, distributions from net investment income are declared on each business day and paid monthly, and distributions from net realized capital gains, if any, are generally distributed once a year (usually in December). Distributions to shareholders are recorded on the ex-date.

7 Expense allocation: Certain expenses are applicable to multiple funds within the complex of related investment companies. Expenses directly attributable to a fund are charged to that fund. Expenses of the Trust that are not directly attributable to a particular series of the Trust (e.g., a Fund) are allocated among the series of the Trust, on the basis of relative net assets, except where a more appropriate allocation of expenses to each of the series can otherwise be made fairly. Expenses borne by the complex of related investment companies, which includes open-end and closed-end investment companies for which NBIA serves as investment manager, that are not directly attributable to a particular investment company in the complex (e.g., the Trust) or series thereof are allocated among the investment companies in the complex or series thereof on the basis of relative net assets, except where a more appropriate allocation of expenses to each of the investment companies in the complex or series thereof can otherwise be made fairly. Each Fund's expenses (other than those specific to each class) are allocated proportionally each day among its classes based upon the relative net assets of each class.

8 When-issued/delayed delivery securities: Each Fund may purchase securities with delivery or payment to occur at a later date beyond the normal settlement period. At the time a Fund enters into a commitment to purchase a security, the transaction is recorded and the value of the security is reflected in the NAV. The price of such security and the date when the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues to a Fund until payment takes place. At the time a Fund enters into this type of transaction it is required to segregate cash or other liquid assets at least equal to the amount of the commitment. When-issued and delayed delivery transactions can have a leverage-like effect on a Fund, which can increase fluctuations in the Fund's NAV. Certain risks may arise upon entering into when-issued or delayed delivery securities transactions from the potential inability of counterparties to meet the terms of their contracts or if the issuer does not issue the securities due to political, economic, or other factors. Additionally, losses may arise due to changes in the value of the underlying securities.

Each Fund may also enter into a TBA agreement and "roll over" such agreement prior to the settlement date by selling the obligation to purchase the pools set forth in the agreement and entering into a new TBA agreement for future delivery of pools of mortgage-backed securities. TBA mortgage-backed securities may increase prepayment risks because the underlying mortgages may be less favorable than anticipated by a Fund.

9 Foreign taxes: Foreign taxes withheld, if any, represent amounts withheld by foreign tax authorities, net of refunds recoverable.

Foreign capital gains on certain foreign securities may be subject to foreign taxes, which are accrued as applicable. Emerging Markets Debt and Strategic Income accrue capital gains tax on unrealized and realized gains for certain securities. At April 30, 2021, Emerging Markets Debt and Strategic Income had accrued capital gains taxes of

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$58,186 and $61,296 respectively, which is reflected in the Statements of Assets and Liabilities. For the six months ended April 30, 2021, Emerging Markets Debt and Strategic Income had realized capital gains taxes of $2,549 and $13,171, respectively, which is reflected in the Statements of Operations.

10 Investments in foreign securities: Investing in foreign securities may involve sovereign and other risks, in addition to the credit and market risks normally associated with domestic securities. These additional risks include the possibility of adverse political and economic developments (including political instability, nationalization, expropriation, or confiscatory taxation) and the potentially adverse effects of unavailability of public information regarding issuers, less governmental supervision and regulation of financial markets, reduced liquidity of certain financial markets, and the lack of uniform accounting, auditing, and financial reporting standards or the application of standards that are different or less stringent than those applied in the United States. Foreign securities also may experience greater price volatility, higher rates of inflation, and delays in settlement.

11 Securities lending: Each Fund, using State Street Bank and Trust Company ("State Street") as its lending agent, may loan securities to qualified brokers and dealers in exchange for negotiated lender's fees. These fees, if any, would be disclosed within the Statements of Operations under the caption "Income from securities loaned-net" and are net of expenses retained by State Street as compensation for its services as lending agent.

The initial cash collateral received by a Fund at the beginning of each transaction shall have a value equal to at least 102% of the prior day's market value of the loaned securities (105% in the case of international securities). Thereafter, the value of the cash collateral is monitored on a daily basis, and cash collateral is moved daily between a counterparty and a Fund until the close of the transaction. A Fund may only receive collateral in the form of cash (U.S. dollars). Cash collateral is generally invested in a money market fund registered under the 1940 Act that is managed by an affiliate of State Street. The risks associated with lending portfolio securities include, but are not limited to, possible delays in receiving additional collateral or in the recovery of the loaned securities. Any increase or decrease in the fair value of the securities loaned and any interest earned or dividends paid or owed on those securities during the term of the loan would accrue to the Fund.

As of April 30, 2021, the Funds listed below had outstanding loans of securities to certain approved brokers each with a value as follows:

	Value of Securities Loaned
Emerging Markets Debt	$	212,463
High Income		32,035,323
Short Duration		427,133
Strategic Income		27,866,195

As of April 30, 2021, the Funds listed below had outstanding loans of securities to certain approved brokers for which each received collateral as follows:

	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Less Than 30 Days		Between 30 & 90 Days		Greater Than 90 Days		Total
Securities Lending Transactions^(a)
Corporate Bonds
Emerging Markets Debt	$	213,690	$	—	$	—	$	—	$	213,690
High Income		32,708,513		—		—		—		32,708,513
Short Duration		435,745		—		—		—		435,745
Strategic Income		28,399,954		—		—		—		28,399,954

(a) Amounts represent the payable for loaned securities collateral received.

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12 Derivative instruments: Certain Funds' use of derivatives during the six months ended April 30, 2021, is described below. Please see the Schedule of Investments for each Fund's open positions in derivatives, if any, at April 30, 2021. The Funds have adopted the provisions of ASC 815 "Derivatives and Hedging" ("ASC 815"). The disclosure requirements of ASC 815 distinguish between derivatives that qualify for hedge accounting and those that do not. Because investment companies value their derivatives at fair value and recognize changes in fair value through the Statements of Operations, they do not qualify for hedge accounting. Accordingly, even though a Fund's investments in derivatives may represent economic hedges, they are considered non-hedge transactions for purposes of this disclosure.

In October 2020, the SEC adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 will impose limits on the amount of derivatives a fund could enter into, eliminate the asset segregation framework currently used by funds to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. While the new rule became effective February 19, 2021, funds will not be required to fully comply with the new rule until August 19, 2022. It is not currently clear what impact, if any, the new rule will have on the availability, liquidity or performance of derivatives. When fully implemented, the new rule may require changes in how a Fund will use derivatives, may adversely affect a Fund's performance and may increase costs related to a Fund's use of derivatives.

Futures contracts: During the six months ended April 30, 2021, Core Bond used futures to manage or adjust the risk profile and investment exposure of the Fund, including to adjust the duration and yield curve exposure of the Fund's portfolio. During the six months ended April 30, 2021, Emerging Markets Debt and Short Duration used futures for economic hedging purposes, including as a maturity or duration management device. During the six months ended April 30, 2021, Strategic Income used futures to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets, currencies or securities, to adjust the duration of the Fund's portfolio and to enhance total return.

Futures contracts may include certain options on exchange-traded futures contracts. At the time a Fund enters into a futures contract, it is required to deposit with the futures commission merchant a specified amount of cash or liquid securities, known as "initial margin," which is a percentage of the value of the futures contract being traded that is set by the exchange upon which the futures contract is traded. Each day, the futures contract is valued at the official settlement price of the board of trade or U.S. commodity exchange on which such futures contract is traded. Subsequent payments, known as "variation margin," to and from the broker are made on a daily basis, or as needed, as the market price of the futures contract fluctuates. Daily variation margin adjustments, arising from this "mark to market," are recorded by a Fund as unrealized gains or losses.

Although some futures by their terms call for actual delivery or acquisition of the underlying securities or currency, in most cases the contracts are closed out prior to delivery by offsetting purchases or sales of matching futures. When the contracts are closed or expire, a Fund recognizes a gain or loss. Risks of entering into futures contracts include the possibility there may be an illiquid market, possibly at a time of rapidly declining prices, and/or a change in the value of the contract may not correlate with changes in the value of the underlying securities. Futures executed on regulated futures exchanges have minimal counterparty risk to a Fund because the exchange's clearinghouse assumes the position of the counterparty in each transaction. Thus, a Fund is exposed to risk only in connection with the clearinghouse and not in connection with the original counterparty to the transaction.

For U.S. federal income tax purposes, the futures transactions undertaken by a Fund may cause the Fund to recognize gains or losses from marking contracts to market even though its positions have not been sold or terminated, may affect the character of the gains or losses recognized as long-term or short-term, and may affect the timing of some capital gains and losses realized by the Fund. Also, a Fund's losses on transactions involving futures contracts may be deferred rather than being taken into account currently in calculating such Fund's taxable income.

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Bond forward contracts: During the six months ended April 30, 2021, Strategic Income used bond forward contracts to obtain economic exposure in the Fund to certain markets and securities. A bond forward is a contractual agreement between a Fund and another party to buy or sell an underlying asset at an agreed-upon future price and date. In a bond forward transaction, no cash premium is paid when the parties enter into the bond forward. If the transaction is collateralized, an exchange of margin collateral will take place according to an agreed-upon schedule. Otherwise, no asset of any kind changes hands until the bond forward matures (typically in 30 days) or is rolled over for another agreed-upon period. Generally, the value of the bond forward will change based on changes in the value of the underlying asset. Bond forwards are subject to market risk (the risk that the market value of the underlying bond may change), non-correlation risk (the risk that the market value of the bond forward might move independently of the market value of the underlying bond) and counterparty credit risk (the risk that a counterparty will be unable to meet its obligation under the contract). If there is no cash exchanged at the time a Fund enters into the bond forward, counterparty risk may be limited to the loss of any marked-to-market profit on the contract and any delays or limitations on the Fund's ability to sell or otherwise use the investments posted as collateral for the bond forward.

Forward foreign currency contracts: During the six months ended April 30, 2021, Emerging Markets Debt used forward FX contracts to manage or adjust views on foreign exchange rate movements and currency exposure, to apply foreign exchange leverage, and to gain exposure to the markets where the portfolio managers believe these instruments provide better liquidity and value than bonds. During the six months ended April 30, 2021, Strategic Income used forward FX contracts to manage or adjust the risk profile for foreign currency exposures in the Fund, to obtain or reduce economic exposure, to establish net short or long positions for markets or securities and to enhance total return.

A forward FX contract is an agreement between two parties to buy or sell a specific currency for another at a set price on a future date, and is individually negotiated and privately traded by currency traders and their customers in the interbank market. The market value of a forward FX contract fluctuates with changes in forward currency exchange rates. Forward FX contracts are marked to market daily, and the change in value is recorded by a Fund as an unrealized gain or loss. At the consummation of a forward FX contract to purchase or sell currency, a Fund may either exchange the currencies specified at the maturity of the forward FX contract or enter into a closing transaction involving the purchase or sale of an offsetting forward FX contract. Closing transactions with respect to forward FX contracts are usually performed with the counterparty to the original forward FX contract. The gain or loss arising from the difference between the U.S. dollar cost of the original contract and the value of the foreign currency in U.S. dollars upon closing a contract is included in "Net realized gain/(loss) on settlement of forward foreign currency contracts" in the Statements of Operations. These contracts may involve market risk in excess of the unrealized gain or loss reflected in a Fund's Statement of Assets and Liabilities. In addition, a Fund could be exposed to risks associated with fluctuations in foreign currency and the risk the counterparty will fail to fulfill its obligation.

Credit default swap contracts: During the six months ended April 30, 2021, Emerging Markets Debt used credit default swaps to manage or adjust credit risk of the Fund, to take advantage of the portfolio managers' views on credit risk, market pricing of credit events and in an effort to leverage risk exposures by selling protection. During the six months ended April 30, 2021, Strategic Income used credit default swaps for economic hedging purposes, to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets or securities and to enhance total return. When a Fund is the buyer of a credit default swap contract, it is entitled to receive the notional amount of the swap from the counterparty if a credit event occurs. In return, the Fund pays the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Fund would have spent the stream of payments and received no proceeds from the contract. When a Fund is the seller of a credit default swap contract, it receives the stream of payments, but is obligated to pay to the buyer of the protection an amount up to the notional amount of the swap and in certain instances take delivery of securities of the reference entity upon the occurrence of a credit event, as defined

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under the terms of that particular swap agreement. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring, obligation acceleration and repudiation/moratorium. If a Fund is a seller of protection and a credit event occurs, the maximum potential amount of future payments that the Fund could be required to make (or the risk of loss) would be an amount equal to the notional amount of the agreement. This potential amount would be partially offset by any recovery value of the respective referenced obligation, or net amount received from the settlement of a buy protection credit default swap agreement entered into by the Fund for the same referenced obligation. As the seller, the Fund may add economic leverage to its portfolio because, in addition to its total net assets, the Fund is subject to investment exposure on the notional amount of the swap. The net periodic payments paid or received on the swap contract are accrued daily as a component of unrealized appreciation/(depreciation) and are recorded as realized gain upon receipt or realized loss upon payment. The Fund also records an increase or decrease to unrealized appreciation/(depreciation) in an amount equal to the daily valuation of swaps. For over-the-counter ("OTC") credit default swaps, cash settlement in and out of the swaps may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty. For financial reporting purposes, unamortized upfront payments/(receipts), if any, are netted with unrealized appreciation or (depreciation) and net interest received or paid on swap contracts to determine the fair value of swaps.

Interest rate/Inflation swap contracts: During the six months ended April 30, 2021, Emerging Markets Debt used interest rate swaps to manage or adjust interest rate risk of the Fund, to take advantage of the portfolio managers' views on interest rates and market pricing of future monetary policy, to obtain exposure on a maturity horizon where bonds are illiquid or are unavailable, and to obtain leveraged rate positions. During the six months ended April 30, 2021, Strategic Income used interest rate swaps and inflation swaps for economic hedging purposes, to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets or securities and to enhance total return. Under the terms of interest rate/inflation swaps, the Fund agrees to pay the swap counterparty a fixed-rate payment in exchange for the counterparty's paying the Fund a variable-rate payment, or the Fund agrees to pay the swap counterparty a variable-rate payment in exchange for the counterparty's paying the Fund a fixed-rate payment. The fixed-rate and variable-rate payment flows are paid by one party to the other on a periodic basis and netted against each other when applicable. The Fund segregates cash or liquid securities having a value at least equal to the Fund's net payment obligations under any interest rate/inflation swaps, marked to market daily. There is no guarantee that these interest rate/inflation swap transactions will be successful in reducing or limiting risk.

Risks may arise if the counterparty to an interest rate/inflation swap contract fails to comply with the terms of its contract. The loss incurred due to the failure of a counterparty is generally limited to the net interest payment to be received by the Fund and/or the termination value at the end of the contract. Additionally, risks may arise if there is no liquid market for these agreements or from movements in interest rates unanticipated by Management.

Periodic expected interim net interest payments or receipts on the swaps are recorded as an adjustment to unrealized gains/losses, along with the fair value of the future periodic payment or receivable streams on the swaps. The unrealized gains/losses associated with the periodic interim net interest payments or receipts are reclassified to realized gains/losses in conjunction with the actual net payment or receipt of such amounts. For OTC interest rate/inflation swaps, cash settlement in and out of the swaps may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty. The reclassifications do not impact the Fund's total net assets or its total net increase (decrease) in net assets resulting from operations.

Centrally cleared swap contracts: Certain clearinghouses currently offer clearing for limited types of derivative transactions. In a cleared derivative transaction, a Fund typically enters into the transaction with a financial institution counterparty that is then cleared through a central clearinghouse. Upon acceptance of a swap by a central clearinghouse, the original swap is extinguished and replaced with a swap with the clearinghouse, thereby

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reducing or eliminating the Fund's exposure to the credit risk of the original counterparty. A Fund typically will be required to post specified levels of both initial and variation margin with the clearinghouse or at the instruction of the clearinghouse. The daily change in valuation is recorded as a receivable or payable for variation margin and settled in cash with the central clearing party. For financial reporting purposes, unamortized upfront payments, if any, are netted with unrealized appreciation or depreciation and net interest received or paid on swap contracts to determine the fair value of swaps.

Cross currency swap contracts: During the six months ended April 30, 2021, Emerging Markets Debt used cross currency swaps to manage or adjust interest rate risk of the Fund, to take advantage of the portfolio managers' views on interest rates and market pricing of future monetary policy, to obtain exposure on a maturity horizon where bonds are illiquid or are unavailable, and to obtain leveraged rate positions. Cross currency swaps are interest rate swaps in which interest payments and principal amounts are exchanged in two different currencies. The notional amounts are typically determined based on the spot exchange rates at the inception of the trade. The entire principal value of a cross currency swap is subject to the risk that the counterparty to the swap will default on its contractual delivery obligations. Additionally, risks may arise if there is no liquid market for these agreements or from movements in interest rates unanticipated by Management. Periodic expected interim net interest payments or receipts on the swaps are recorded as an adjustment to unrealized gains/losses, along with the fair value of the future periodic payment or receivable streams on the swaps. The unrealized gains/losses associated with the periodic interim net interest payments or receipts are reclassified to realized gains/losses in conjunction with the actual net payment or receipt of such amounts. For OTC cross currency swaps, cash settlement in and out of the swaps may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty. The reclassifications do not impact the Fund's total net assets or its total net increase/(decrease) in net assets resulting from operations.

Total return basket swap contracts: During the six months ended April 30, 2021, Strategic Income used total return basket swaps for economic hedging purposes, to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets or securities and to enhance total return. A Fund may enter into a total return basket swap agreement to obtain exposure to a portfolio of long and short securities. Under the terms of the agreement, the swap is designed to function as a portfolio of direct investments in long and short equity or fixed income positions. The Fund has the ability to trade in and out of long and short positions within the swap and will receive all of the economic benefits and risks equivalent to direct investments in these positions such as: capital appreciation/(depreciation), corporate actions, and dividends and interest received and paid, all of which are reflected in the swap value. The swap value also includes interest charges and credits related to the notional values of the long and short positions and cash balances within the swap. These interest charges and credits are based on defined market rates plus or minus a specified spread and are referred to herein as "financing costs". Positions within the swap are reset periodically, and financing costs are reset monthly. During a reset, any unrealized gains (losses) on positions and accrued financing costs become available for cash settlement between the Fund and the swap counterparty. For OTC total return basket swaps, cash settlement in and out of the swap may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty. A change in the market value of a total return basket swap contract is recognized as a change in unrealized appreciation/(depreciation) on swap contracts in the Statements of Operations. Cash settlements between a Fund and the counterparty are recognized as realized gains (losses) on closing of swap contracts in the Statements of Operations.

Total return swap contracts: During the six months ended April 30, 2021, Floating Rate Income and High Income used total return swaps to enhance liquidity while maintaining exposure to the asset class. During the six months ended April 30, 2021, Strategic Income used total return swaps for economic hedging purposes, to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets or securities and to enhance total

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return. Total return swaps involve commitments to pay fixed or floating rate interest in exchange for a market-linked return based on a notional amount. To the extent the total return of the reference security or index underlying the total return swap exceeds or falls short of the offsetting interest rate obligation, a Fund will receive a payment or make a payment to the counterparty, respectively. Certain risks may arise when entering into total return swap transactions, including counterparty default, liquidity or unfavorable changes in the value of the underlying reference security or index. The value of the swap is adjusted daily and the change in value, if any, is recorded as unrealized appreciation or (depreciation) in the Statements of Assets and Liabilities. Payments received or made at the end of each measurement period are recorded as realized gain or loss in the Statements of Operations. For OTC total return swaps, cash settlement in and out of the swaps may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty.

At April 30, 2021, the Funds listed below had the following derivatives (which did not qualify as hedging instruments under ASC 815), grouped by primary risk exposure:

Asset Derivatives
Derivative Type	Statements of Assets and Liabilities Location	Interest Rate Risk		Currency Risk		Credit Risk		Equity Risk		Total
Core Bond
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	449,679	$	—	$	—	$	—	$	449,679
Total Value—Assets		$	449,679	$	—	$	—	$	—	$	449,679
Emerging Markets Debt
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	212,826	$	—	$	—	$	—	$	212,826
Forward FX contracts	Receivable for forward foreign currency contracts		—		865,662		—		—		865,662
Centrally cleared swaps	Receivable/Payable for accumulated variation margin on centrally cleared swap contracts^(a)		571,950		—		—		—		571,950
Over-the-counter swaps	Over-the-counter swap contracts, at value^(a)		481,898		—		—		—		481,898
Total Value—Assets		$	1,266,674	$	865,662	$	—	$	—	$	2,132,336
High Income
Over-the-counter swaps	Over-the-counter swap contracts, at value^(a)	$	—	$	—	$	647,438	$	—	$	647,438
Total Value—Assets		$	—	$	—	$	647,438	$	—	$	647,438

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Derivative Type	Statements of Assets and Liabilities Location	Interest Rate Risk			Currency Risk			Credit Risk		Equity Risk		Total
Short Duration
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	74,870		$	—		$	—	$	—	$	74,870
Total Value—Assets		$	74,870		$	—		$	—	$	—	$	74,870
Strategic Income
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	13,099,400		$	—		$	—	$	—	$	13,099,400
Bond forwards	Receivable for bond forward contracts		306,015			—			—		—		306,015
Forward FX contracts	Receivable for forward foreign currency contracts		—			1,582,374			—		—		1,582,374
Centrally cleared swaps	Receivable/Payable for accumulated variation margin on centrally cleared swap contracts^(a)		67,401			—			7,973,060		—		8,040,461
Over-the-counter swaps	Over-the-counter swap contracts, at value^(a)		—			—			4,792,373		—		4,792,373
Total Value—Assets		$	13,472,816		$	1,582,374		$	12,765,433	$	—	$	27,820,623
Liability Derivatives
Core Bond
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	(645,639	)	$	—		$	—	$	—	$	(645,639	)
Total Value—Liabilities		$	(645,639	)	$	—		$	—	$	—	$	(645,639	)
Emerging Markets Debt
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	(57,729	)	$	—		$	—	$	—	$	(57,729	)
Forward FX contracts	Payable for forward foreign currency contracts		—			(989,595	)		—		—		(989,595	)
Centrally cleared swaps	Receivable/Payable for accumulated variation margin on centrally cleared swap contracts^(a)		(626,638	)		—			—		—		(626,638	)
Over-the-counter swaps	Over-the-counter swap contracts, at value^(a)		(21,808	)		—			—		—		(21,808	)
Total Value—Liabilities		$	(706,175	)	$	(989,595	)	$	—	$	—	$	(1,695,770	)

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Derivative Type	Statements of Assets and Liabilities Location	Interest Rate Risk			Currency Risk			Credit Risk			Equity Risk		Total
Floating Rate Income
Over-the-counter swaps	Over-the-counter swap contracts, at value^(a)	$	—		$	—		$	(22,041	)	$	—	$	(22,041	)
Total Value—Liabilities		$	—		$	—		$	(22,041	)	$	—	$	(22,041	)
Short Duration
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	(23,954	)	$	—		$	—		$	—	$	(23,954	)
Total Value—Liabilities		$	(23,954	)	$	—		$	—		$	—	$	(23,954	)
Strategic Income
Futures	Receivable/Payable for accumulated variation margin on futures contracts	$	(439,687	)	$	—		$	—		$	—	$	(439,687	)
Forward FX contracts	Payable for forward foreign currency contracts		—			(2,023,036	)		—			—		(2,023,036	)
Centrally cleared swaps	Receivable/Payable for accumulated variation margin on centrally cleared swap contracts^(a)		(1,511,499	)		—			(150,280	)		—		(1,661,779	)
Total Value—Liabilities		$	(1,951,186	)	$	(2,023,036	)	$	(150,280	)	$	—	$	(4,124,502	)

(a) "Centrally cleared swaps" and "over-the-counter swaps" reflect the cumulative unrealized appreciation/(depreciation) of the centrally cleared swap or over-the-counter swap contracts plus accrued interest as of April 30, 2021.

The impact of the use of these derivative instruments on the Statements of Operations during the six months ended April 30, 2021, was as follows:

Realized Gain/(Loss)
Derivative Type	Statements of Operations Location	Interest Rate Risk		Currency Risk		Credit Risk		Equity Risk		Total
Core Bond
Futures	Net realized gain/(loss) on: Expiration or closing of futures contracts	$	3,098,566	$	—	$	—	$	—	$	3,098,566
Total Realized Gain/(Loss)		$	3,098,566	$	—	$	—	$	—	$	3,098,566

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Derivative Type	Statements of Operations Location	Interest Rate Risk		Currency Risk		Credit Risk			Equity Risk		Total
Emerging Markets Debt
Futures	Net realized gain/(loss) on: Expiration or closing of futures contracts	$	240,989	$	—	$	—		$	—	$	240,989
Forward FX contracts	Net realized gain/(loss) on: Settlement of forward foreign currency contracts		—		268,846		—			—		268,846
Swaps	Net realized gain/(loss) on: Expiration or closing of swap contracts		833,777		—		(795,457	)		—		38,320
Total Realized Gain/(Loss)		$	1,074,766	$	268,846	$	(795,457	)	$	—	$	548,155
Floating Rate Income
Swaps	Net realized gain/(loss) on: Expiration or closing of swap contracts	$	—	$	—	$	301,901		$	—	$	301,901
Total Realized Gain/(Loss)		$	—	$	—	$	301,901		$	—	$	301,901
High Income
Swaps	Net realized gain/(loss) on: Expiration or closing of swap contracts	$	—	$	—	$	3,025,879		$	—	$	3,025,879
Total Realized Gain/(Loss)		$	—	$	—	$	3,025,879		$	—	$	3,025,879
Short Duration
Futures	Net realized gain/(loss) on: Expiration or closing of futures contracts	$	431,896	$	—	$	—		$	—	$	431,896
Total Realized Gain/(Loss)		$	431,896	$	—	$	—		$	—	$	431,896
Strategic Income
Futures	Net realized gain/(loss) on: Expiration or closing of futures contracts	$	44,759,646	$	—	$	—		$	—	$	44,759,646
Bond forwards	Net realized gain/(loss) on: Settlement of bond forward contracts		393,505		—		—			—		393,505
Forward FX contracts	Net realized gain/(loss) on: Settlement of forward foreign currency contracts		—		2,500,306		—			—		2,500,306
Swaps	Net realized gain/(loss) on: Expiration or closing of swap contracts		35,415		—		4,039,567			—		4,074,982
Total Realized Gain/(Loss)		$	45,188,566	$	2,500,306	$	4,039,567		$	—	$	51,728,439

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Change in Appreciation/(Depreciation)
Derivative Type	Statements of Operations Location	Interest Rate Risk			Currency Risk			Credit Risk		Equity Risk		Total
Core Bond
Futures	Change in net unrealized appreciation/(depreciation) in value of: Futures contracts	$	(672,544	)	$	—		$	—	$	—	$	(672,544	)
Total Change in Appreciation/(Depreciation)		$	(672,544	)	$	—		$	—	$	—	$	(672,544	)
Emerging Markets Debt
Futures	Change in net unrealized appreciation/(depreciation) in value of: Futures contracts	$	216,620		$	—		$	—	$	—	$	216,620
Forward FX contracts	Change in net unrealized appreciation/(depreciation) in value of: Forward foreign currency contracts		—			(210,932	)		—		—		(210,932	)
Swaps	Change in net unrealized appreciation/(depreciation) in value of: Swap contracts		(199,370	)		—			83,150		—		(116,220	)
Total Change in Appreciation/(Depreciation)		$	17,250		$	(210,932	)	$	83,150	$	—	$	(110,532	)
Floating Rate Income
Swaps	Change in net unrealized appreciation/(depreciation) in value of: Swap contracts	$	—		$	—		$	59,350	$	—	$	59,350
Total Change in Appreciation/(Depreciation)		$	—		$	—		$	59,350	$	—	$	59,350
High Income
Swaps	Change in net unrealized appreciation/(depreciation) in value of: Swap contracts	$	—		$	—		$	1,265,618	$	—	$	1,265,618
Total Change in Appreciation/(Depreciation)		$	—		$	—		$	1,265,618	$	—	$	1,265,618
Short Duration
Futures	Change in net unrealized appreciation/(depreciation) in value of: Futures contracts	$	6,356		$	—		$	—	$	—	$	6,356
Total Change in Appreciation/(Depreciation)		$	6,356		$	—		$	—	$	—	$	6,356

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Derivative Type	Statements of Operations Location	Interest Rate Risk			Currency Risk			Credit Risk		Equity Risk		Total
Strategic Income
Futures	Change in net unrealized appreciation/(depreciation) in value of: Futures contracts	$	4,047,452		$	—		$	—	$	—	$	4,047,452
Bond forwards	Change in net unrealized appreciation/(depreciation) in value of: Bond forward contracts		752,234			—			—		—		752,234
Forward FX contracts	Change in net unrealized appreciation/(depreciation) in value of: Forward foreign currency contracts		—			(24,157	)		—		—		(24,157	)
Swaps	Change in net unrealized appreciation/(depreciation) in value of: Swap contracts		(1,444,098	)		—			5,598,755		—		4,154,657
Total Change in Appreciation/(Depreciation)		$	3,355,588		$	(24,157	)	$	5,598,755	$	—	$	8,930,186

While the Funds may receive redeemable preference shares, rights and warrants in connection with their investments in securities, these preference shares, rights and warrants are not considered "derivative instruments" under ASC 815.

Management has concluded that Municipal High Income, Municipal Impact and Municipal Intermediate Bond did not hold any derivative instruments during the six months ended April 30, 2021 that require additional disclosures pursuant to ASC 815.

The Funds are required to disclose both gross and net information for assets and liabilities related to OTC derivatives, repurchase and reverse repurchase agreements, and securities lending and securities borrowing transactions that are eligible for offset or subject to an enforceable master netting or similar agreement. Emerging Markets Debt, Floating Rate Income, High Income, Short Duration and Strategic Income held one or more of these investments at April 30, 2021. The Funds' OTC derivative assets and liabilities at fair value by type and securities lending assets are reported gross in the Statements of Assets and Liabilities. The following tables present derivative and securities lending assets and liabilities by counterparty, net of amounts available for offset under a master netting or similar agreement and net of the related collateral received by a Fund for assets and pledged by a Fund for liabilities as of April 30, 2021.

Description	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statements of Assets and Liabilities		Net Amounts of Assets Presented in the Statements of Assets and Liabilities
Emerging Markets Debt
Over-the-counter swap contracts	$	481,898	$	—	$	481,898
Forward FX contracts		865,662		—		865,662
Securities lending		212,463		—		212,463
Total	$	1,560,023	$	—	$	1,560,023

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Description	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statements of Assets and Liabilities		Net Amounts of Assets Presented in the Statements of Assets and Liabilities
High Income
Over-the-counter swap contracts	$	647,438	$	—	$	647,438
Securities lending		32,035,323		—		32,035,323
Total	$	32,682,761	$	—	$	32,682,761
Short Duration
Securities lending	$	427,133	$	—	$	427,133
Total	$	427,133	$	—	$	427,133
Strategic Income
Bond forwards	$	306,015	$	—	$	306,015
Over-the-counter swap contracts		4,792,373		—		4,792,373
Forward FX contracts		1,582,374		—		1,582,374
Securities lending		27,866,195		—		27,866,195
Total	$	34,546,957	$	—	$	34,546,957

	Gross Amounts Not Offset in the Statements of Assets and Liabilities
Counterparty	Net Amounts of Assets Presented in the Statements of Assets and Liabilities		Liabilities Available for Offset			Cash Collateral Received^(a)			Net Amount^(b)
Emerging Markets Debt
BB	$	5,833	$	(5,833	)	$	—		$	—
BNP		2,642		(2,642	)		—			—
CITI		185,404		(89,896	)		(95,508	)		—
GSI		677,278		(383,514	)		(293,764	)		—
HSBC		63,302		(63,302	)		—			—
JPM		113,711		(67,395	)		—			46,316
MS		125,116		(58,550	)		—			66,566
SCB		74,636		(42,636	)		—			32,000
SSB		312,101		(116,841	)		(195,260	)		—
Total	$	1,560,023	$	(830,609	)	$	(584,532	)	$	144,882
High Income
GSI	$	647,438	$	—		$	(580,000	)	$	67,438
SSB		32,035,323		—			(32,035,323	)		—
Total	$	32,682,761	$	—		$	(32,615,323	)	$	67,438
Short Duration
SSB	$	427,133	$	—		$	—		$	427,133
Total	$	427,133	$	—		$	—		$	427,133

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	Gross Amounts Not Offset in the Statements of Assets and Liabilities
Counterparty	Net Amounts of Assets Presented in the Statements of Assets and Liabilities		Liabilities Available for Offset			Cash Collateral Received^(a)			Net Amount^(b)
Strategic Income
BB	$	10,004	$	—		$	—		$	10,004
CITI		170,133		(170,133	)		—			—
GSI		6,090,069		(933,270	)		—			5,156,799
HSBC		140,963		(140,963	)		—			—
JPM		212,886		(212,886	)		—			—
MS		51,108		(51,108	)		—			—
SCB		5,599		(5,599	)		—			—
SSB		27,866,195		—			(27,866,195	)		—
Total	$	34,546,957	$	(1,513,959	)	$	(27,866,195	)	$	5,166,803

Description	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Statements of Assets and Liabilities		Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities
Emerging Markets Debt
Over-the-counter swap contracts	$	(21,808	)	$	—	$	(21,808	)
Forward FX contracts		(989,595	)		—		(989,595	)
Total	$	(1,011,403	)	$	—	$	(1,011,403	)
Floating Rate Income
Over-the-counter swap contracts	$	(22,041	)	$	—	$	(22,041	)
Total	$	(22,041	)	$	—	$	(22,041	)
Strategic Income
Forward FX contracts	$	(2,023,036	)	$	—	$	(2,023,036	)
Total	$	(2,023,036	)	$	—	$	(2,023,036	)

	Gross Amounts Not Offset in the Statements of Assets and Liabilities
Counterparty	Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities			Assets Available for Offset		Cash Collateral Pledged^(a)		Net Amount^(c)
Emerging Markets Debt
BB	$	(113,600	)	$	5,833	$	107,767	$	—
BNP		(9,321	)		2,642		—		(6,679	)
CITI		(89,896	)		89,896		—		—
GSI		(383,514	)		383,514		—		—
HSBC		(129,650	)		63,302		—		(66,348	)
JPM		(67,395	)		67,395		—		—
MS		(58,550	)		58,550		—		—
SCB		(42,636	)		42,636		—		—
SSB		(116,841	)		116,841		—		—
Total	$	(1,011,403	)	$	830,609	$	107,767	$	(73,027	)

227

	Gross Amounts Not Offset in the Statements of Assets and Liabilities
Counterparty	Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities			Assets Available for Offset		Cash Collateral Pledged^(a)		Net Amount^(c)
Floating Rate Income
JPM	$	(5,810	)	$	—	$	—	$	(5,810	)
MS	$	(16,231	)	$	—	$	—	$	(16,231	)
Total	$	(22,041	)	$	—	$	—	$	(22,041	)
Strategic Income
CITI	$	(461,999	)	$	170,133	$	291,866	$	—
GSI		(933,270	)		933,270		—		—
HSBC		(241,714	)		140,963		—		(100,751	)
JPM		(221,466	)		212,886		8,580		—
MS		(85,259	)		51,108		—		(34,151	)
SCB		(79,328	)		5,599		—		(73,729	)
Total	$	(2,023,036	)	$	1,513,959	$	300,446	$	(208,631	)

(a) Collateral received (or pledged) is limited to an amount not to exceed 100% of the net amount of assets (or liabilities) in the tables presented above, for each respective counterparty.

(b) Net Amount represents amounts subject to loss as of April 30, 2021, in the event of a counterparty failure.

13 Indemnifications: Like many other companies, the Trust's organizational documents provide that its officers ("Officers") and trustees ("Trustees") are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, both in some of its principal service contracts and in the normal course of its business, the Trust enters into contracts that provide indemnifications to other parties for certain types of losses or liabilities. The Trust's maximum exposure under these arrangements is unknown as this could involve future claims against the Trust.

14 Investments in other funds managed by Neuberger Berman Investment Advisers LLC: Through April 30, 2021, Strategic Income invested in Neuberger Berman Global Monthly Income Fund Ltd. (the "Underlying Fund") via a secondary market transaction (See Note F).

For Strategic Income's investment in the Underlying Fund, NBIA waived a portion of its management fee equal to the management fee it received from the Underlying Fund on those assets (the "Arrangement"). For the six months ended April 30, 2021, management fees waived under this Arrangement are reflected in the Statements of Operations under the caption "Investment management fees waived." For the six months ended April 30, 2021, income earned from the Underlying Fund on Strategic Income's investments is reflected in the Statements of Operations under the caption "Dividend income-affiliated issuers". For the six months ended April 30, 2021, management fees waived under this Arrangement and distributions from income and capital gains received from Strategic Income's investments in the Underlying Fund were as follows:

				Management Fees Waived				Distributions from Income and Capital Gains
Strategic Income				$	118			$	8,641

15 Investment company securities and exchange-traded funds: The Funds may invest in shares of other registered investment companies, including ETFs, within the limitations prescribed by (a) the 1940 Act, (b) the exemptive

228

order from the SEC that permits the Funds to invest in both affiliated and unaffiliated investment companies, including ETFs, in excess of the limits in Section 12(d)(1)(A) of the 1940 Act, subject to the terms and conditions of such order, or (c) the ETF's exemptive order or other relief. Some ETFs seek to track the performance of a particular market index. These indices include both broad-based market indices and more narrowly-based indices, including those relating to particular sectors, markets, regions or industries. However, some ETFs have an actively-managed investment objective. ETF shares are traded like traditional equity securities on a national securities exchange or NASDAQ. A Fund will indirectly bear its proportionate share of any management fees and other expenses paid by such other investment companies, which will decrease returns.

In October 2020, the SEC adopted Rule 12d1-4, which permits a Fund to exceed the limits prescribed by Section 12 of the 1940 Act in the absence of an exemptive order, if the Fund complies with the adopted framework for fund of funds arrangements. Rule 12d1-4 contains elements from the SEC's current exemptive orders and rules permitting fund of funds arrangements, and includes (i) limits on control and voting; (ii) required evaluations and findings; (iii) required fund of funds investment agreements; and (iv) limits on complex structures. In connection with the new rule, on or about January 19, 2022, the SEC is expected to rescind the Funds' current exemptive order and Rule 12d1-2 under the 1940 Act. After this occurs, a Fund seeking to exceed the limits in Section 12 of the 1940 Act will need to rely on Rule 12d1-4.

16 Unfunded loan commitments: The Funds may enter into certain credit agreements all or a portion of which may be unfunded. The Funds are obligated to fund these commitments at the borrower's discretion. As of April 30, 2021, the value of unfunded loan commitments was $2,730,807, $2,088,958 and $2,378,577 for Floating Rate Income, High Income and Strategic Income, respectively, pursuant to the following loan agreements:

Floating Rate Income
Borrower	Principal Amount		Value
Cano Health LLC, Term Loan DD, (3M USD LIBOR + 4.75%), 4.75%, due 11/19/2027^(a)	$	87,498	$	87,389
Constant Contact Inc., Term Loan DD, (3M USD LIBOR + 4.50%), 4.50%, due 2/10/2028^(a)		141,882		141,528	^(b)
Fluid-Flow Products, Inc., Term Loan DD, due 3/31/2028^(c)		72,000		71,550
Hertz Corporation, (The), Term Loan DIP DD, (3M USD LIBOR + 3.75%), 3.75%, due 12/31/2021^(a)		269,789		271,025
Hillman Group Inc. (The), Term Loan DD, (USD LIBOR + 3.75%), due 2/23/2028^(c)		124,051		123,306
National Mentor Holdings, Inc., Term Loan DD, (3M USD LIBOR + 1.88%), 1.88%, due 3/2/2028^(a)		39,446		39,380
Peraton Holding Corp., Term Loan B DD, (3M USD LIBOR + 3.75%), due 2/1/2028^(c)		991,575		990,336
Redstone Buyer LLC, Term Loan DD, (USD LIBOR + 4.75%), due 4/15/2028^(c)		504,916		499,655
Redstone Buyer LLC, Term Loan DD, (USD LIBOR + 4.75%), due 4/15/2029^(c)		174,933		171,653
Service Logic Acquisition, Inc., Term Loan DD, (3M USD LIBOR + 4.00%), 4.00%,due 10/29/2027^(a)		91,612		91,383	^(b)
Southern Veterinary Partners, LLC, Term Loan DD, (3M USD LIBOR + 4.00%), 4.00%, due 10/5/2027^(a)		41,818		41,792
Therma Intermediate LLC, Term Loan DD, (3M USD LIBOR + 4.00%), 4.00%,due 12/16/2027^(a)		83,392		83,287	^(b)
TricorBraun Holdings, Inc., Term Loan DD, (3M USD LIBOR + 1.63%), 1.63%,due 3/3/2028^(a)		119,737		118,523

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High Income
Borrower	Principal Amount		Value
National Mentor Holdings, Inc., Term Loan DD, (3M USD LIBOR + 1.88%), 1.88%, due 3/2/2028^(a)	$	332,886	$	332,330
Redstone Buyer LLC, Term Loan DD, (USD LIBOR + 4.75%), due 4/15/2028^(c)		1,191,265		1,178,852
Service Logic Acquisition, Inc., Term Loan DD, (3M USD LIBOR + 4.00%), 4.00%, due 10/29/2027^(a)		579,224		577,776	^(b)
Strategic Income
Borrower	Principal Amount		Value
Hertz Corporation, (The), Term Loan DIP DD, (3M USD LIBOR + 3.75%), 3.75%, due 12/31/2021^(a)	$	368,057	$	369,742
Peraton Holding Corp., Term Loan B DD, (USD LIBOR + 3.75%), due 2/1/2028^(c)		1,374,177		1,372,459
Redstone Buyer LLC, Term Loan DD, (USD LIBOR + 4.75%), due 4/15/2028^(c)		457,097		452,334
TricorBraun Holdings, Inc., Term Loan DD, (3M USD LIBOR + 1.63%), 1.63%, due 3/3/2028^(a)		185,928		184,042

(a) Position is a delayed draw term loan which may be partially or fully unfunded. In accordance with the underlying credit agreement, the interest rate shown reflects the unfunded rate as of April 30, 2021.

(b) Value determined using significant unobservable inputs.

17 In-kind redemptions: In accordance with guidelines described in a Fund's prospectus and in accordance with procedures adopted by the Board, a Fund may distribute portfolio securities rather than cash as payment for a redemption of Fund shares ("in-kind redemption"). For financial reporting purposes, a Fund recognizes a gain on in-kind redemptions to the extent the value of the distributed securities on the date of redemption exceeds the cost of those securities. Gains and losses realized on in-kind redemptions are not recognized for tax purposes and are reclassified from undistributed realized gain (loss) to paid-in capital. During the year ended October 31, 2020, High Income realized a net gain of $13,575,889 on $192,035,868 of in-kind redemptions.

18 Other: All net investment income and realized and unrealized capital gains and losses of each Fund are allocated, on the basis of relative net assets, pro rata among its respective classes.

19 Other matters—Coronavirus: The outbreak of the novel coronavirus in many countries has, among other things, disrupted global travel and supply chains, and adversely impacted global commercial activity, the transportation industry and commodity prices in the energy sector. The impact of this virus has negatively affected and may continue to affect the economies of many nations, individual companies and the global securities and commodities markets, including liquidity and volatility. The development and fluidity of this situation precludes any prediction as to its ultimate impact, which may have a continued adverse effect on global economic and market conditions. Such conditions (which may be across industries, sectors or geographies) have impacted and may continue to impact the issuers of the securities held by the Funds.

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Note B—Investment Management Fees, Administration Fees, Distribution Arrangements, and Other Transactions with Affiliates:

Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment management services, each Fund pays NBIA an investment management fee as a percentage of average daily net assets according to the following table:

	First $250 million			Next $250 million			Next $250 million			Next $250 million			Next $500 million			Next $500 million			Thereafter
For Core Bond:
		0.18	%		0.18	%		0.18	%		0.18	%		0.18	%		0.18	%		0.15	%
For Emerging Markets Debt:
		0.55	%		0.55	%		0.55	%		0.55	%		0.55	%		0.55	%		0.55	%
For Floating Rate Income^(a):
		0.40	%		0.40	%		0.40	%		0.40	%		0.40	%		0.40	%		0.40	%
For High Income:
		0.48	%		0.48	%		0.48	%		0.48	%		0.48	%		0.48	%		0.48	%
For Municipal High Income:
		0.40	%		0.40	%		0.375	%		0.375	%		0.35	%		0.325	%		0.30	%
For Municipal Impact:
		0.25	%		0.25	%		0.225	%		0.225	%		0.20	%		0.175	%		0.15	%
For Municipal Intermediate Bond:
		0.14	%		0.14	%		0.14	%		0.14	%		0.14	%		0.14	%		0.14	%
For Short Duration:
		0.17	%		0.17	%		0.17	%		0.17	%		0.17	%		0.17	%		0.15	%
For Strategic Income:
		0.40	%		0.40	%		0.40	%		0.40	%		0.40	%		0.40	%		0.40	%

(a) 0.50% prior to January 15, 2021.

Accordingly, for the six months ended April 30, 2021, the investment management fee pursuant to the Management Agreement was equivalent to an annual effective rate of each Fund's average daily net assets, as follows:

	Effective Rate
Core Bond		0.18	%
Floating Rate Income		0.44	%
Municipal High Income		0.40	%
Municipal Impact		0.25	%
Short Duration		0.17	%
Strategic Income		0.40	%^(a)

(a) After management fee waiver (Note A).

Each Fund retains NBIA as its administrator under an Administration Agreement. The administration fee is assessed at the class level and each share class of a Fund, as applicable, pays NBIA an annual administration fee equal to the following: 0.27% for each of Investor Class, Class A, Class C and Class R3; 0.50% for Trust Class of

231

Short Duration; 0.40% for Trust Class of Strategic Income; 0.15% for Institutional Class; and 0.05% for Class R6, each as a percentage of its average daily net assets. Additionally, NBIA retains State Street as its sub-administrator under a Sub-Administration Agreement. NBIA pays State Street a fee for all services received under the Sub-Administration Agreement.

NBIA has contractually agreed to waive fees and/or reimburse certain expenses of the Investor Class, Trust Class, Institutional Class, Class A, Class C, Class R3 and Class R6 of each Fund that offers those classes so that the total annual operating expenses of those classes do not exceed the expense limitations as detailed in the following table. These undertakings exclude interest, taxes, brokerage commissions, acquired fund fees and expenses, extraordinary expenses, and dividend and interest expenses relating to short sales, if any (commitment fees relating to borrowings are treated as interest for purposes of this exclusion) ("annual operating expenses"); consequently, net expenses may exceed the contractual expense limitations.

At April 30, 2021, contingent liabilities to NBIA under the agreements were as follows:

					Expenses Reimbursed in Year Ended October 31,
					2018			2019			2020		2021
					Subject to Repayment Until October 31,
Class	Contractual Expense Limitation^(a)			Expiration	2021			2022			2023		2024
Core Bond Investor Class		0.78	%^(b)	10/31/24	$	27,349		$	27,317		$	24,104	$	6,801
Core Bond Institutional Class		0.38	%^(b)	10/31/24		325,526			328,676			254,794		113,117
Core Bond Class A		0.78	%^(b)	10/31/24		13,557			13,844			7,793		2,065
Core Bond Class C		1.53	%^(b)	10/31/24		1,869			1,746			998		284
Core Bond Class R6		0.28	%^(b)	10/31/24		—			330	^(c)		1,676		821
Emerging Markets Debt Institutional Class		0.78	%	10/31/24		457,406			406,354			363,531		158,701
Emerging Markets Debt Class A		1.15	%	10/31/24		15,759			15,905			5,716		1,436
Emerging Markets Debt Class C		1.90	%	10/31/24		1,301			930			1,193		547
Floating Rate Income Institutional Class		0.60	%^(b)	10/31/24		475,802			469,596			385,554		189,671
Floating Rate Income Class A		0.97	%^(b)	10/31/24		30,445			19,217			15,631		8,745
Floating Rate Income Class C		1.72	%^(b)	10/31/24		26,854			26,631			20,399		6,009
High Income Investor Class		1.00	%	10/31/24		—			—			—		—
High Income Institutional Class		0.75	%	10/31/24		—			—			—		—
High Income Class A		1.12	%	10/31/24		1,860			16,174			—		—
High Income Class C		1.87	%	10/31/24		—			—			—		—
High Income Class R3		1.37	%	10/31/24		—			—			—		—
High Income Class R6		0.65	%^(b)	10/31/24		—			—			—		—
Municipal High Income Institutional Class		0.50	%	10/31/24		341,403			329,680			359,725		167,100
Municipal High Income Class A		0.87	%	10/31/24		2,546			4,413			3,325		1,757
Municipal High Income Class C		1.62	%	10/31/24		1,802			2,011			1,390		326
Municipal Impact Institutional Class		0.43	%^(b)	10/31/24		162,783			382,133			299,893		137,348
Municipal Impact Class A		0.80	%	10/31/24		89	^(d)		400			248		190
Municipal Impact Class C		1.55	%	10/31/24		91	^(d)		225			149		47
Municipal Intermediate Bond Investor Class		0.45	%^(b)	10/31/24		18,441			23,657			26,332		10,067
Municipal Intermediate Bond Institutional Class		0.30	%^(b)	10/31/24		202,676			248,495			315,219		155,462
Municipal Intermediate Bond Class A		0.67	%^(b)	10/31/24		6,691			5,508			3,397		1,981

232

					Expenses Reimbursed in Year Ended October 31,
					2018		2019		2020		2021
					Subject to Repayment Until October 31,
Class	Contractual Expense Limitation^(a)			Expiration	2021		2022		2023		2024
Municipal Intermediate Bond Class C		1.42	%^(b)	10/31/24	$	3,285	$	4,287	$	4,117	$	1,471
Short Duration Investor Class		0.54	%^(b)	10/31/24		102,348		94,340		97,811		42,523
Short Duration Trust Class		0.64	%^(b)	10/31/24		11,423		8,902		10,631		6,623
Short Duration Institutional Class		0.34	%^(b)	10/31/24		232,853		239,009		249,736		121,896
Short Duration Class A		0.71	%^(b)	10/31/24		8,714		6,786		4,533		3,862
Short Duration Class C		1.46	%^(b)	10/31/24		5,866		5,488		7,744		4,104
Strategic Income Trust Class		0.94	%	10/31/24		9,494		7,844		6,415		2,085
Strategic Income Institutional Class		0.59	%	10/31/24		540,043		573,799		293,431		141,286
Strategic Income Class A		0.99	%	10/31/24		11,972		13,789		—		—
Strategic Income Class C		1.69	%	10/31/24		63,520		53,704		31,253		12,568
Strategic Income Class R6		0.49	%^(b)	10/31/24		81,957		79,636		43,096		22,897

(a) Expense limitation per annum of the respective class's average daily net assets.

(b) Classes that have had changes to their respective limitations are noted below.

Class	Expense limitation			Prior to
Core Bond Investor Class		0.85	%	1/15/20
Core Bond Institutional Class		0.45	%	1/15/20
Core Bond Class A		0.85	%	1/15/20
Core Bond Class C		1.60	%	1/15/20
Core Bond Class R6		0.35	%	1/15/20
Floating Rate Income Institutional Class		0.70	%	1/15/21
Floating Rate Income Class A		1.07	%	1/15/21
Floating Rate Income Class C		1.82	%	1/15/21
High Income Class R6		0.68	%	12/6/18
Municipal Impact Institutional Class		1.00	%	6/18/18
Municipal Intermediate Bond Investor Class		0.65	%	2/28/18
Municipal Intermediate Bond Investor Class		0.58	%	9/12/19
Municipal Intermediate Bond Institutional Class		0.50	%	2/28/18
Municipal Intermediate Bond Institutional Class		0.43	%	9/12/19
Municipal Intermediate Bond Class A		0.87	%	2/28/18
Municipal Intermediate Bond Class A		0.80	%	9/12/19
Municipal Intermediate Bond Class C		1.62	%	2/28/18
Municipal Intermediate Bond Class C		1.55	%	9/12/19
Short Duration Investor Class		0.70	%	2/28/18
Short Duration Investor Class		0.59	%	2/28/20
Short Duration Trust Class		0.80	%	2/28/18
Short Duration Trust Class		0.69	%	2/28/20
Short Duration Institutional Class		0.50	%	2/28/18
Short Duration Institutional Class		0.39	%	2/28/20

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Class	Expense limitation			Prior to
Short Duration Class A		0.87	%	2/28/18
Short Duration Class A		0.76	%	2/28/20
Short Duration Class C		1.62	%	2/28/18
Short Duration Class C		1.51	%	2/28/20
Strategic Income Class R6		0.52	%	12/6/18

(d) Period from June 19, 2018 (Commencement of Operations) to October 31, 2018.

Each Fund has agreed that each of its respective classes will repay NBIA for fees and expenses waived or reimbursed for that class provided that repayment does not cause that class's annual operating expenses to exceed its contractual expense limitation in place at the time the fees and expenses were waived or reimbursed, or the expense limitation in place at the time the Fund repays NBIA, whichever is lower. Any such repayment must be made within three years after the year in which NBIA incurred the expense.

During the six months ended April 30, 2021, the following classes repaid NBIA under these agreements as follows:

Class	Expenses Repaid to NBIA
High Income Class A	$	2,203
Strategic Income Class A		8,099

Neuberger Berman Europe Limited ("NBEL"), as the sub-adviser to Emerging Markets Debt, is retained by NBIA to choose the Fund's investments and handle its day-to-day business for the portion of the Fund's assets allocated to it by NBIA, and receives a monthly fee paid by NBIA. As investment manager, NBIA is responsible for overseeing the investment activities of NBEL. Several individuals who are Officers and/or Trustees of the Trust are also employees of NBEL and/or NBIA.

Each Fund also has a distribution agreement with Neuberger Berman BD LLC (the "Distributor") with respect to each class of shares. The Distributor acts as agent in arranging for the sale of class shares without sales commission or other compensation, except as described below, and bears the advertising and promotion expenses.

However, the Distributor receives fees from Core Bond's Investor Class, Strategic Income's Trust Class, High Income's Class R3, and each Fund's Class A and Class C under their distribution plans (each a "Plan", collectively, the "Plans") pursuant to Rule 12b-1 under the 1940 Act. The Plans provide that, as compensation for administrative and other services provided to these classes, the Distributor's activities and expenses related to the sale and distribution of these classes, and ongoing services provided to investors in these classes, the Distributor receives from each of these respective classes a fee at the annual rate of 0.25% of Core Bond Investor Class', and each Fund's Class A's average daily net assets; 0.10% of Strategic Income Trust Class' average daily net assets; 0.50% of High Income Class R3's average daily net assets; and 1.00% of each Fund's Class C's average daily net assets. The Distributor receives this amount to provide distribution and shareholder servicing for these classes and pays a portion of it to institutions that provide such services. Those institutions may use the payments for, among other purposes, compensating employees engaged in sales and/or shareholder servicing. The amount of fees paid by each class during any year may be more or less than the cost of distribution and other services provided to that class. FINRA rules limit the amount of annual distribution fees that may be paid by a mutual fund and impose a ceiling on the cumulative distribution fees paid. The Trust's Plans comply with those rules.

Class A shares of each Fund (except Short Duration) are generally sold with an initial sales charge of up to 4.25%. Class A shares of Short Duration are generally sold with an initial sales charge of up to 2.50%. Class A shares of each Fund are generally sold with no contingent deferred sales charge ("CDSC"), except that a CDSC of 1.00% applies to certain redemptions made within 18 months following purchases of $1 million or more without an

234

initial sales charge. Class C shares of each Fund are sold with no initial sales charge and a 1.00% CDSC if shares are sold within one year after purchase.

For the six months ended April 30, 2021, the Distributor, acting as underwriter and broker-dealer, received net initial sales charges from the purchase of Class A shares and CDSCs from the redemption of Class A and Class C shares as follows:

	Underwriter
	Net Initial Sales Charge		CDSC
Core Bond Class A	$	887	$	—
Core Bond Class C		—		451
Emerging Markets Debt Class A		117		—
Emerging Markets Debt Class C		—		—
Floating Rate Income Class A		1,117		—
Floating Rate Income Class C		—		34
High Income Class A		1,119		—
High Income Class C		—		154
Municipal High Income Class A		820		—
Municipal High Income Class C		—		—
Municipal Impact Class A		—		—
Municipal Impact Class C		—		6
Municipal Intermediate Bond Class A		75		—
Municipal Intermediate Bond Class C		—		60
Short Duration Class A		146		—
Short Duration Class C		—		—
Strategic Income Class A		12,771		—
Strategic Income Class C		—		4,187

Note C—Securities Transactions:

During the six months ended April 30, 2021, there were purchase and sale transactions of long-term securities (excluding swaps, bond forwards, forward FX contracts and futures) as follows:

	Purchases of U.S. Government and Agency Obligations		Purchases excluding U.S. Government and Agency Obligations		Sales and Maturities of U.S. Government and Agency Obligations		Sales and Maturities excluding U.S. Government and Agency Obligations
Core Bond	$	731,538,630	$	43,447,867	$	666,034,155	$	47,722,504
Emerging Markets Debt		—		81,030,299		—		39,029,816
Floating Rate Income		—		125,926,513		—		40,423,922
High Income		—		690,304,982		—		743,785,050
Municipal High Income		—		38,051,083		—		40,869,416
Municipal Impact		—		12,183,700		—		10,215,140
Municipal Intermediate Bond		—		77,713,771		—		68,667,955
Short Duration		28,234,884		34,805,498		33,583,721		21,388,789
Strategic Income		4,157,233,604		916,729,171		4,272,551,786		891,842,727

235

During the six months ended April 30, 2021, no brokerage commissions on securities transactions were paid to affiliated brokers.

Note D—Fund Share Transactions:

Share activity for the six months ended April 30, 2021 and for the year ended October 31, 2020, was as follows:

	For the Six Months Ended April 30, 2021										For the Year Ended October 31, 2020
	Shares Sold		Shares Issued on Reinvestment of Dividends and Distributions		Shares Redeemed			Total			Shares Sold		Shares Issued on Reinvestment of Dividends and Distributions		Shares Redeemed			Total
Core Bond
Investor Class		157,730		33,375		(153,034	)		38,071			389,686		30,030		(206,005	)		213,711
Institutional Class		12,248,109		899,172		(6,673,751	)		6,473,530			20,633,874		722,228		(9,595,598	)		11,760,504
Class A		296,638		49,726		(274,952	)		71,412			1,123,321		43,965		(902,085	)		265,201
Class C		11,001		3,252		(54,713	)		(40,460	)		127,930		2,992		(151,163	)		(20,241	)
Class R6^(a)		126,900		8,606		(16,161	)		119,345			123,398		1,574		(163,798	)		(38,826	)
Emerging Markets Debt
Institutional Class		5,826,335		416,463		(1,482,566	)		4,760,232			15,000,638		855,192		(15,573,766	)		282,064
Class A		27,167		2,668		(38,771	)		(8,936	)		51,232		10,485		(276,167	)		(214,450	)
Class C		25,249		943		(6,791	)		19,401			39,230		1,848		(16,996	)		24,082
Floating Rate Income
Institutional Class		9,559,113		340,726		(1,810,174	)		8,089,665			7,357,319		800,576		(13,926,118	)		(5,768,223	)
Class A		340,269		8,671		(207,586	)		141,354			363,502		19,762		(319,590	)		63,674
Class C		53,023		6,814		(103,629	)		(43,792	)		32,712		21,872		(670,180	)		(615,596	)
High Income
Investor Class		437,192		207,127		(1,035,892	)		(391,573	)		1,243,612		462,100		(2,613,475	)		(907,763	)
Institutional Class		15,369,062		2,794,333		(31,413,624	)		(13,250,229	)		73,985,981		6,396,324		(115,117,838	)		(34,735,533	)
Class A		2,995,198		36,629		(2,692,699	)		339,128			4,714,570		92,438		(5,566,351	)		(759,343	)
Class C		4,085		10,665		(115,379	)		(100,629	)		45,211		28,868		(774,042	)		(699,963	)
Class R3		27,374		4,564		(29,055	)		2,883			54,318		10,529		(342,147	)		(277,300	)
Class R6		10,322,003		1,011,213		(6,329,332	)		5,003,884			39,660,772		3,467,912		(94,349,369	)		(51,220,685	)
Municipal High Income
Institutional Class		1,192,984		165,321		(1,453,268	)		(94,963	)		2,213,492		351,347		(2,729,598	)		(164,759	)
Class A		83,531		928		(71,862	)		12,597			9,817		1,644		(33,403	)		(21,942	)
Class C		4,612		134		(18,545	)		(13,799	)		3,087		791		(32,158	)		(28,280	)

236

	For the Six Months Ended April 30, 2021										For the Year Ended October 31, 2020
	Shares Sold		Shares Issued on Reinvestment of Dividends and Distributions		Shares Redeemed			Total			Shares Sold		Shares Issued on Reinvestment of Dividends and Distributions		Shares Redeemed			Total
Municipal Impact
Institutional Class		237,140		43,024		(191,232	)		88,932			302,968		75,127		(195,388	)		182,707
Class A		336		36		(312	)		60			—		60		(57	)		3
Class C		—		2		(553	)		(551	)		836		3		(288	)		551
Municipal Intermediate Bond
Investor Class		42,517		11,330		(70,658	)		(16,811	)		144,987		20,116		(225,948	)		(60,845	)
Institutional Class		1,749,018		89,031		(903,704	)		934,345			3,833,133		72,857		(1,794,292	)		2,111,698
Class A		24,528		1,239		(39,433	)		(13,666	)		103,378		2,236		(41,711	)		63,903
Class C		14,154		1,052		(38,639	)		(23,433	)		33,596		1,732		(90,563	)		(55,235	)
Short Duration
Investor Class		115,407		35,350		(138,090	)		12,667			268,566		77,547		(496,147	)		(150,034	)
Trust Class		57,379		4,998		(41,056	)		21,321			124,391		8,398		(36,262	)		96,527
Institutional Class		1,822,246		111,593		(1,533,319	)		400,520			3,466,793		243,055		(3,723,468	)		(13,620	)
Class A		77,863		2,656		(28,059	)		52,460			186,511		3,129		(88,028	)		101,612
Class C		27,830		2,362		(97,076	)		(66,884	)		218,546		4,338		(126,020	)		96,864
Strategic Income
Trust Class		27,943		15,673		(83,073	)		(39,457	)		239,860		29,089		(182,780	)		86,169
Institutional Class		34,518,119		3,518,635		(30,773,152	)		7,263,602			80,345,130		6,916,717		(98,623,806	)		(11,361,959	)
Class A		1,710,663		137,296		(2,231,376	)		(383,417	)		6,497,650		259,914		(5,607,997	)		1,149,567
Class C		485,858		86,937		(1,156,301	)		(583,506	)		1,187,542		189,103		(3,826,019	)		(2,449,374	)
Class R6		8,307,023		700,750		(2,813,336	)		6,194,437			5,792,507		1,155,827		(4,072,179	)		2,876,155

Note E—Line of Credit:

At April 30, 2021, each Fund was a participant in a syndicated committed, unsecured $700,000,000 line of credit (the "Credit Facility"), to be used only for temporary or emergency purposes. Series of other investment companies managed by NBIA also participate in this line of credit on substantially the same terms. Interest is charged on borrowings under this Credit Facility at the highest of (a) a federal funds effective rate plus 1.00% per annum, (b) a Eurodollar rate for a one-month period plus 1.00% per annum, and (c) an overnight bank funding rate plus 1.00% per annum; provided that should the Administrative Agent of the Credit Facility determine that the Eurodollar rate is unavailable, then the interest rate option described in (b) shall be replaced with a benchmark replacement determined to be applicable by such Administrative Agent. The Credit Facility has an annual commitment fee of 0.15% per annum of the available line of credit, which is paid quarterly. Each Fund that is a participant has agreed to pay its pro rata share of the annual commitment fee, based on the ratio of its individual

237

net assets to the net assets of all participants at the time the fee is due, and interest charged on any borrowing made by such Fund and other costs incurred by such Fund. Because several mutual funds participate in the Credit Facility, there is no assurance that an individual fund will have access to all or any part of the $700,000,000 at any" particular time. There were no loans outstanding under the Credit Facility at April 30, 2021. During the period ended April 30, 2021, no Fund utilized the Credit Facility.

Note F—Investments in Affiliates^(a):

Strategic Income	Value at October 31, 2020		Purchase Cost		Sales Proceeds/ Return of Capital		Change in Net Unrealized Appreciation/ (Depreciation) from Investments in Affiliated Persons		Net Realized Gain/(Loss) from Investments in Affiliated Persons		Distributions from Investments in Affiliated Persons^(b)		Shares Held at April 30, 2021		Value at April 30, 2021
Neuberger Berman Global Monthly Income Fund Ltd.	$	—	$	1,896,898	$	—	$	3,396	$	—	$	8,641		1,588,889	$	1,900,294
Sub-total for affiliates held as of 4/30/21^(c)	$	—	$	1,896,898	$	—	$	3,396	$	—	$	8,641			$	1,900,294

(a) Affiliated persons, as defined in the 1940 Act.

(b) Distributions received include distributions from net investment income and net realized capital gains, if any, from other investment companies managed by NBIA.

Other: At April 30, 2021, affiliated persons, as defined in the 1940 Act, owned 1.14%, 7.55%, 2.43%, 0.84%, 0.05%, 0.08%, 0.00% and 1.68% of the outstanding shares of Core Bond, Emerging Markets Debt, Floating Rate Income, High Income, Municipal High Income, Municipal Impact, Municipal Intermediate Bond and Strategic Income, respectively.

Note G—Recent Accounting Pronouncement:

In March 2020, FASB issued Accounting Standards Update No. 2020-04 ("ASU 2020-04"), "Reference Rate Reform (Topic 848)". In response to concerns about structural risks of interbank offered rates, and particularly the risk of cessation of LIBOR, regulators have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction based and less susceptible to manipulation. ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 is elective and applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The guidance is effective as of March 12, 2020 through December 31, 2022. Management is currently evaluating the impact of the guidance.

238

Note H—Unaudited Financial Information:

The financial information included in this interim report is taken from the records of each Fund without audit by an independent registered public accounting firm. Annual reports contain audited financial statements.

239

Financial Highlights

The following tables include selected data for a share outstanding throughout each period and other performance information
derived from the Financial Statements. Amounts that do not round to $0.01 or $(0.01) per share are presented as $0.00 or $(0.00),
respectively. Ratios that do not round to 0.01% or (0.01)% are presented as 0.00% or (0.00)%, respectively. Net Asset amounts
with a zero balance, if any, may reflect actual amounts rounding to less than $0.1 million. A "—" indicates that the line item was
not applicable in the corresponding period.

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Tax Return of Capital			Total Distributions
Core Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	10.91	$	0.06	$	(0.05	)	$	0.01		$	(0.12	)	$	(0.18	)	$	—		$	(0.30	)
10/31/2020	$	10.51	$	0.23	$	0.47		$	0.70		$	(0.30	)	$	—		$	—		$	(0.30	)
10/31/2019	$	9.77	$	0.26	$	0.78		$	1.04		$	(0.24	)	$	—		$	(0.06	)	$	(0.30	)
10/31/2018	$	10.31	$	0.23	$	(0.52	)	$	(0.29	)	$	(0.22	)	$	—		$	(0.03	)	$	(0.25	)
10/31/2017	$	10.54	$	0.20	$	(0.15	)	$	0.05		$	(0.19	)	$	(0.06	)	$	(0.03	)	$	(0.28	)
10/31/2016	$	10.37	$	0.21	$	0.22		$	0.43		$	(0.22	)	$	(0.04	)	$	—		$	(0.26	)
Institutional Class
4/30/2021 (Unaudited)	$	10.94	$	0.08	$	(0.05	)	$	0.03		$	(0.14	)	$	(0.18	)	$	—		$	(0.32	)
10/31/2020	$	10.53	$	0.27	$	0.49		$	0.76		$	(0.35	)	$	—		$	—		$	(0.35	)
10/31/2019	$	9.79	$	0.30	$	0.79		$	1.09		$	(0.29	)	$	—		$	(0.06	)	$	(0.35	)
10/31/2018	$	10.34	$	0.28	$	(0.54	)	$	(0.26	)	$	(0.26	)	$	—		$	(0.03	)	$	(0.29	)
10/31/2017	$	10.57	$	0.24	$	(0.15	)	$	0.09		$	(0.23	)	$	(0.06	)	$	(0.03	)	$	(0.32	)
10/31/2016	$	10.39	$	0.25	$	0.23		$	0.48		$	(0.26	)	$	(0.04	)	$	—		$	(0.30	)
Class A
4/30/2021 (Unaudited)	$	10.90	$	0.06	$	(0.05	)	$	0.01		$	(0.12	)	$	(0.18	)	$	—		$	(0.30	)
10/31/2020	$	10.50	$	0.23	$	0.47		$	0.70		$	(0.30	)	$	—		$	—		$	(0.30	)
10/31/2019	$	9.76	$	0.26	$	0.78		$	1.04		$	(0.24	)	$	—		$	(0.06	)	$	(0.30	)
10/31/2018	$	10.30	$	0.23	$	(0.52	)	$	(0.29	)	$	(0.22	)	$	—		$	(0.03	)	$	(0.25	)
10/31/2017	$	10.53	$	0.20	$	(0.15	)	$	0.05		$	(0.19	)	$	(0.06	)	$	(0.03	)	$	(0.28	)
10/31/2016	$	10.35	$	0.21	$	0.23		$	0.44		$	(0.22	)	$	(0.04	)	$	—		$	(0.26	)
Class C
4/30/2021 (Unaudited)	$	10.91	$	0.02	$	(0.05	)	$	(0.03	)	$	(0.08	)	$	(0.18	)	$	—		$	(0.26	)
10/31/2020	$	10.51	$	0.15	$	0.47		$	0.62		$	(0.22	)	$	—		$	—		$	(0.22	)
10/31/2019	$	9.77	$	0.19	$	0.78		$	0.97		$	(0.17	)	$	—		$	(0.06	)	$	(0.23	)
10/31/2018	$	10.31	$	0.16	$	(0.52	)	$	(0.36	)	$	(0.15	)	$	—		$	(0.03	)	$	(0.18	)
10/31/2017	$	10.54	$	0.13	$	(0.16	)	$	(0.03	)	$	(0.11	)	$	(0.06	)	$	(0.03	)	$	(0.20	)
10/31/2016	$	10.36	$	0.13	$	0.23		$	0.36		$	(0.14	)	$	(0.04	)	$	—		$	(0.18	)

See Notes to Financial Highlights

240

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Core Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	10.62		0.07	%*	$	14.1		0.88	%**		0.78	%**		1.14	%**		66	%^c*
10/31/2020	$	10.91		6.76	%	$	14.1		0.99	%		0.80	%		2.12	%		111	%^c
10/31/2019	$	10.51		10.81	%^b	$	11.3		1.12	%		0.85	%		2.60	%		147	%^c
10/31/2018	$	9.77		(2.83	)%^b	$	9.8		1.12	%		0.86	%		2.32	%		136	%^c
10/31/2017	$	10.31		0.54	%^b	$	11.0		1.13	%		0.86	%		1.97	%		175	%^c
10/31/2016	$	10.54		4.16	%^b	$	12.1		1.15	%		0.86	%		2.00	%		148	%^c
Institutional Class
4/30/2021 (Unaudited)	$	10.65		0.27	%*	$	529.9		0.43	%**		0.38	%**		1.54	%**		66	%^c*
10/31/2020	$	10.94		7.28	%	$	473.5		0.46	%		0.40	%		2.51	%		111	%^c
10/31/2019	$	10.53		11.24	%^b	$	332.3		0.55	%		0.45	%		2.98	%		147	%^c
10/31/2018	$	9.79		(2.52	)%^b	$	373.3		0.54	%		0.46	%		2.73	%		136	%^c
10/31/2017	$	10.34		0.95	%^b	$	338.0		0.55	%		0.46	%		2.37	%		175	%^c
10/31/2016	$	10.57		4.67	%^b	$	320.6		0.59	%		0.46	%		2.40	%		148	%^c
Class A
4/30/2021 (Unaudited)	$	10.61		0.07	%*	$	23.2		0.80	%**		0.78	%**		1.14	%**		66	%^c*
10/31/2020	$	10.90		6.76	%	$	23.0		0.84	%		0.80	%		2.11	%		111	%^c
10/31/2019	$	10.50		10.82	%^b	$	19.4		0.93	%		0.85	%		2.60	%		147	%^c
10/31/2018	$	9.76		(2.83	)%^b	$	18.3		0.92	%		0.86	%		2.32	%		136	%^c
10/31/2017	$	10.30		0.54	%^b	$	22.4		0.93	%		0.86	%		1.96	%		175	%^c
10/31/2016	$	10.53		4.26	%^b	$	25.9		0.98	%		0.86	%		2.01	%		148	%^c
Class C
4/30/2021 (Unaudited)	$	10.62		(0.30	)%*	$	1.6		1.56	%**		1.53	%**		0.38	%**		66	%^c*
10/31/2020	$	10.91		5.97	%	$	2.1		1.59	%		1.55	%		1.39	%		111	%^c
10/31/2019	$	10.51		9.99	%^b	$	2.2		1.68	%		1.60	%		1.85	%		147	%^c
10/31/2018	$	9.77		(3.55	)%^b	$	2.2		1.67	%		1.61	%		1.56	%		136	%^c
10/31/2017	$	10.31		(0.21	)%^b	$	3.3		1.68	%		1.61	%		1.22	%		175	%^c
10/31/2016	$	10.54		3.49	%^b	$	4.9		1.72	%		1.61	%		1.25	%		148	%^c

241

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Tax Return of Capital			Total Distributions
Core Bond Fund (cont'd)
Class R6
4/30/2021 (Unaudited)	$	10.94	$	0.09	$	(0.05	)	$	0.04		$	(0.15	)	$	(0.18	)	$	—		$	(0.33	)
10/31/2020	$	10.53	$	0.28	$	0.49		$	0.77		$	(0.36	)	$	—		$	—		$	(0.36	)
Period from 1/18/2019^{^} to 10/31/2019	$	9.93	$	0.24	$	0.65		$	0.89		$	(0.23	)	$	—		$	(0.06	)	$	(0.29	)
Emerging Markets Debt Fund
Institutional Class
4/30/2021 (Unaudited)	$	8.20	$	0.17	$	0.24		$	0.41		$	(0.17	)	$	—		$	—		$	(0.17	)
10/31/2020	$	8.63	$	0.39	$	(0.45	)	$	(0.06	)	$	(0.13	)	$	—		$	(0.24	)	$	(0.37	)
10/31/2019	$	8.03	$	0.45	$	0.59		$	1.04		$	(0.27	)	$	—		$	(0.17	)	$	(0.44	)
10/31/2018	$	9.02	$	0.46	$	(0.99	)	$	(0.53	)	$	(0.29	)	$	—		$	(0.17	)	$	(0.46	)
10/31/2017	$	8.90	$	0.48	$	0.10		$	0.58		$	(0.42	)	$	—		$	(0.04	)	$	(0.46	)
10/31/2016	$	8.41	$	0.51	$	0.48		$	0.99		$	—		$	—		$	(0.50	)	$	(0.50	)
Class A
4/30/2021 (Unaudited)	$	8.19	$	0.16	$	0.23		$	0.39		$	(0.15	)	$	—		$	—		$	(0.15	)
10/31/2020	$	8.62	$	0.36	$	(0.45	)	$	(0.09	)	$	(0.10	)	$	—		$	(0.24	)	$	(0.34	)
10/31/2019	$	8.02	$	0.42	$	0.59		$	1.01		$	(0.24	)	$	—		$	(0.17	)	$	(0.41	)
10/31/2018	$	9.01	$	0.42	$	(0.98	)	$	(0.56	)	$	(0.26	)	$	—		$	(0.17	)	$	(0.43	)
10/31/2017	$	8.90	$	0.46	$	0.08		$	0.54		$	(0.39	)	$	—		$	(0.04	)	$	(0.43	)
10/31/2016	$	8.41	$	0.47	$	0.49		$	0.96		$	—		$	—		$	(0.47	)	$	(0.47	)
Class C
4/30/2021 (Unaudited)	$	8.20	$	0.12	$	0.24		$	0.36		$	(0.12	)	$	—		$	—		$	(0.12	)
10/31/2020	$	8.62	$	0.29	$	(0.43	)	$	(0.14	)	$	(0.04	)	$	—		$	(0.24	)	$	(0.28	)
10/31/2019	$	8.02	$	0.36	$	0.59		$	0.95		$	(0.18	)	$	—		$	(0.17	)	$	(0.35	)
10/31/2018	$	9.01	$	0.36	$	(0.99	)	$	(0.63	)	$	(0.19	)	$	—		$	(0.17	)	$	(0.36	)
10/31/2017	$	8.90	$	0.38	$	0.09		$	0.47		$	(0.32	)	$	—		$	(0.04	)	$	(0.36	)
10/31/2016	$	8.41	$	0.41	$	0.49		$	0.90		$	—		$	—		$	(0.41	)	$	(0.41	)

See Notes to Financial Highlights

242

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Core Bond Fund (cont'd)
Class R6
4/30/2021 (Unaudited)	$	10.65		0.32	%*	$	4.3		0.33	%**		0.28	%**		1.65	%**		66	%^c*
10/31/2020	$	10.94		7.38	%	$	3.1		0.37	%		0.30	%		2.63	%		111	%^c
Period from 1/18/2019^{^} to 10/31/2019	$	10.53		9.06	%^b*	$	3.4		0.50	%**		0.36	%**		2.94	%**		147	%^{c^^}
Emerging Markets Debt Fund
Institutional Class
4/30/2021 (Unaudited)	$	8.44		4.99	%*	$	197.7		0.96	%**		0.78	%**		4.07	%**		24	%*
10/31/2020	$	8.20		(0.62	)%	$	153.0		1.02	%		0.79	%^f		4.69	%		86	%
10/31/2019	$	8.63		13.26	%	$	158.5		1.00	%		0.79	%		5.36	%		68	%
10/31/2018	$	8.03		(6.15	)%	$	194.8		1.00	%		0.79	%		5.28	%		86	%
10/31/2017	$	9.02		6.77	%	$	247.7		1.02	%		0.81	%		5.41	%		64	%
10/31/2016	$	8.90		12.17	%	$	120.2		1.21	%		0.91	%		5.92	%		80	%
Class A
4/30/2021 (Unaudited)	$	8.43		4.81	%*	$	1.3		1.37	%**		1.15	%**		3.70	%**		24	%*
10/31/2020	$	8.19		(1.01	)%	$	1.3		1.42	%		1.16	%^f		4.33	%		86	%
10/31/2019	$	8.62		12.85	%	$	3.2		1.38	%		1.16	%		5.01	%		68	%
10/31/2018	$	8.02		(6.51	)%	$	8.8		1.39	%		1.16	%		4.88	%		86	%
10/31/2017	$	9.01		6.26	%	$	0.4		1.42	%		1.16	%		5.04	%		64	%
10/31/2016	$	8.90		11.76	%	$	0.1		1.73	%		1.28	%		5.56	%		80	%
Class C
4/30/2021 (Unaudited)	$	8.44		4.41	%*	$	0.7		2.09	%**		1.90	%**		2.94	%**		24	%*
10/31/2020	$	8.20		(1.62	)%	$	0.5		2.16	%		1.91	%^f		3.52	%		86	%
10/31/2019	$	8.62		12.01	%	$	0.4		2.14	%		1.91	%		4.25	%		68	%
10/31/2018	$	8.02		(7.21	)%	$	0.5		2.14	%		1.91	%		4.15	%		86	%
10/31/2017	$	9.01		5.47	%	$	0.5		2.13	%		1.90	%		4.31	%		64	%
10/31/2016	$	8.90		10.93	%	$	0.3		2.36	%		2.03	%		4.80	%		80	%

243

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations		Dividends from Net Investment Income			Distributions from Net Realized Capital Gains		Tax Return of Capital			Total Distributions
Floating Rate Income Fund
Institutional Class
4/30/2021 (Unaudited)	$	9.40	$	0.18	$	0.36		$	0.54	$	(0.18	)	$	—	$	—		$	(0.18	)
10/31/2020	$	9.55	$	0.41	$	(0.15	)	$	0.26	$	(0.41	)	$	—	$	(0.00	)	$	(0.41	)
10/31/2019	$	9.85	$	0.50	$	(0.30	)	$	0.20	$	(0.50	)	$	—	$	—		$	(0.50	)
10/31/2018	$	9.94	$	0.43	$	(0.09	)	$	0.34	$	(0.43	)	$	—	$	—		$	(0.43	)
10/31/2017	$	9.90	$	0.36	$	0.04		$	0.40	$	(0.36	)	$	—	$	(0.00	)	$	(0.36	)
10/31/2016	$	9.86	$	0.39	$	0.04		$	0.43	$	(0.39	)	$	—	$	(0.00	)	$	(0.39	)
Class A
4/30/2021 (Unaudited)	$	9.40	$	0.16	$	0.36		$	0.52	$	(0.16	)	$	—	$	—		$	(0.16	)
10/31/2020	$	9.55	$	0.37	$	(0.15	)	$	0.22	$	(0.37	)	$	—	$	(0.00	)	$	(0.37	)
10/31/2019	$	9.85	$	0.46	$	(0.29	)	$	0.17	$	(0.47	)	$	—	$	—		$	(0.47	)
10/31/2018	$	9.94	$	0.39	$	(0.09	)	$	0.30	$	(0.39	)	$	—	$	—		$	(0.39	)
10/31/2017	$	9.90	$	0.32	$	0.05		$	0.37	$	(0.33	)	$	—	$	(0.00	)	$	(0.33	)
10/31/2016	$	9.85	$	0.35	$	0.05		$	0.40	$	(0.35	)	$	—	$	(0.00	)	$	(0.35	)
Class C
4/30/2021 (Unaudited)	$	9.40	$	0.12	$	0.36		$	0.48	$	(0.12	)	$	—	$	—		$	(0.12	)
10/31/2020	$	9.55	$	0.31	$	(0.16	)	$	0.15	$	(0.30	)	$	—	$	(0.00	)	$	(0.30	)
10/31/2019	$	9.85	$	0.39	$	(0.30	)	$	0.09	$	(0.39	)	$	—	$	—		$	(0.39	)
10/31/2018	$	9.94	$	0.31	$	(0.08	)	$	0.23	$	(0.32	)	$	—	$	—		$	(0.32	)
10/31/2017	$	9.90	$	0.25	$	0.04		$	0.29	$	(0.25	)	$	—	$	(0.00	)	$	(0.25	)
10/31/2016	$	9.86	$	0.28	$	0.04		$	0.32	$	(0.28	)	$	—	$	(0.00	)	$	(0.28	)
High Income Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	8.33	$	0.21	$	0.44		$	0.65	$	(0.21	)	$	—	$	—		$	(0.21	)
10/31/2020	$	8.52	$	0.41	$	(0.18	)	$	0.23	$	(0.42	)	$	—	$	—		$	(0.42	)
10/31/2019	$	8.35	$	0.46	$	0.17		$	0.63	$	(0.46	)	$	—	$	—		$	(0.46	)
10/31/2018	$	8.79	$	0.45	$	(0.44	)	$	0.01	$	(0.45	)	$	—	$	—		$	(0.45	)
10/31/2017	$	8.68	$	0.47	$	0.11		$	0.58	$	(0.47	)	$	—	$	—		$	(0.47	)
10/31/2016	$	8.50	$	0.46	$	0.18		$	0.64	$	(0.46	)	$	—	$	—		$	(0.46	)

See Notes to Financial Highlights

244

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Floating Rate Income Fund
Institutional Class
4/30/2021 (Unaudited)	$	9.76		5.73	%*	$	234.0		0.85	%**		0.65	%**		3.67	%**		22	%*
10/31/2020	$	9.40		2.82	%	$	149.4		0.93	%		0.70	%		4.41	%		81	%
10/31/2019	$	9.55		2.12	%	$	206.8		0.89	%		0.71	%^f		5.16	%		60	%
10/31/2018	$	9.85		3.45	%	$	333.4		0.85	%		0.70	%		4.31	%		55	%
10/31/2017	$	9.94		4.14	%	$	335.8		0.82	%		0.70	%		3.67	%		76	%
10/31/2016	$	9.90		4.52	%	$	254.4		0.92	%		0.70	%		4.01	%		64	%
Class A
4/30/2021 (Unaudited)	$	9.76		5.54	%*	$	8.7		1.24	%**		1.02	%**		3.30	%**		22	%*
10/31/2020	$	9.40		2.45	%	$	7.0		1.34	%		1.07	%		4.00	%		81	%
10/31/2019	$	9.55		1.75	%	$	6.5		1.29	%		1.08	%^f		4.80	%		60	%
10/31/2018	$	9.85		3.07	%	$	20.3		1.23	%		1.07	%		3.94	%		55	%
10/31/2017	$	9.94		3.76	%	$	17.4		1.21	%		1.07	%		3.27	%		76	%
10/31/2016	$	9.90		4.24	%	$	23.3		1.31	%		1.07	%		3.65	%		64	%
Class C
4/30/2021 (Unaudited)	$	9.76		5.15	%*	$	5.4		1.99	%**		1.77	%**		2.57	%**		22	%*
10/31/2020	$	9.40		1.68	%	$	5.6		2.06	%		1.82	%		3.30	%		81	%
10/31/2019	$	9.55		0.99	%	$	11.6		2.02	%		1.84	%^f		4.07	%		60	%
10/31/2018	$	9.85		2.30	%	$	16.7		1.97	%		1.82	%		3.17	%		55	%
10/31/2017	$	9.94		2.99	%	$	20.6		1.95	%		1.82	%		2.53	%		76	%
10/31/2016	$	9.90		3.36	%	$	24.6		2.05	%		1.82	%		2.91	%		64	%
High Income Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	8.77		7.85	%*	$	77.2		0.85	%**		0.85	%**		4.78	%**		46	%*
10/31/2020	$	8.33		2.85	%	$	76.5		0.85	%		0.85	%		4.99	%		115	%
10/31/2019	$	8.52		7.72	%	$	86.0		0.86	%		0.86	%		5.44	%		96	%
10/31/2018	$	8.35		0.14	%^b	$	93.4		0.85	%		0.85	%		5.28	%		46	%
10/31/2017	$	8.79		6.84	%^be	$	112.7		0.84	%		0.80	%^d		5.38	%^d		62	%
10/31/2016	$	8.68		7.90	%^b	$	134.8		0.83	%		0.83	%		5.54	%		72	%

245

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains		Tax Return of Capital		Total Distributions
High Income Bond Fund (cont'd)
Institutional Class
4/30/2021 (Unaudited)	$	8.34	$	0.21	$	0.46		$	0.67		$	(0.22	)	$	—	$	—	$	(0.22	)
10/31/2020	$	8.53	$	0.43	$	(0.19	)	$	0.24		$	(0.43	)	$	—	$	—	$	(0.43	)
10/31/2019	$	8.36	$	0.47	$	0.17		$	0.64		$	(0.47	)	$	—	$	—	$	(0.47	)
10/31/2018	$	8.80	$	0.47	$	(0.44	)	$	0.03		$	(0.47	)	$	—	$	—	$	(0.47	)
10/31/2017	$	8.70	$	0.48	$	0.10		$	0.58		$	(0.48	)	$	—	$	—	$	(0.48	)
10/31/2016	$	8.51	$	0.48	$	0.18		$	0.66		$	(0.47	)	$	—	$	—	$	(0.47	)
Class A
4/30/2021 (Unaudited)	$	8.33	$	0.19	$	0.45		$	0.64		$	(0.20	)	$	—	$	—	$	(0.20	)
10/31/2020	$	8.52	$	0.39	$	(0.19	)	$	0.20		$	(0.39	)	$	—	$	—	$	(0.39	)
10/31/2019	$	8.35	$	0.44	$	0.16		$	0.60		$	(0.43	)	$	—	$	—	$	(0.43	)
10/31/2018	$	8.79	$	0.43	$	(0.44	)	$	(0.01	)	$	(0.43	)	$	—	$	—	$	(0.43	)
10/31/2017	$	8.68	$	0.44	$	0.11		$	0.55		$	(0.44	)	$	—	$	—	$	(0.44	)
10/31/2016	$	8.50	$	0.44	$	0.18		$	0.62		$	(0.44	)	$	—	$	—	$	(0.44	)
Class C
4/30/2021 (Unaudited)	$	8.34	$	0.16	$	0.46		$	0.62		$	(0.17	)	$	—	$	—	$	(0.17	)
10/31/2020	$	8.54	$	0.33	$	(0.19	)	$	0.14		$	(0.34	)	$	—	$	—	$	(0.34	)
10/31/2019	$	8.36	$	0.38	$	0.18		$	0.56		$	(0.38	)	$	—	$	—	$	(0.38	)
10/31/2018	$	8.81	$	0.37	$	(0.45	)	$	(0.08	)	$	(0.37	)	$	—	$	—	$	(0.37	)
10/31/2017	$	8.70	$	0.38	$	0.11		$	0.49		$	(0.38	)	$	—	$	—	$	(0.38	)
10/31/2016	$	8.51	$	0.38	$	0.19		$	0.57		$	(0.38	)	$	—	$	—	$	(0.38	)
Class R3
4/30/2021 (Unaudited)	$	8.34	$	0.19	$	0.44		$	0.63		$	(0.19	)	$	—	$	—	$	(0.19	)
10/31/2020	$	8.53	$	0.37	$	(0.18	)	$	0.19		$	(0.38	)	$	—	$	—	$	(0.38	)
10/31/2019	$	8.35	$	0.42	$	0.18		$	0.60		$	(0.42	)	$	—	$	—	$	(0.42	)
10/31/2018	$	8.80	$	0.41	$	(0.45	)	$	(0.04	)	$	(0.41	)	$	—	$	—	$	(0.41	)
10/31/2017	$	8.69	$	0.42	$	0.11		$	0.53		$	(0.42	)	$	—	$	—	$	(0.42	)
10/31/2016	$	8.50	$	0.42	$	0.19		$	0.61		$	(0.42	)	$	—	$	—	$	(0.42	)

See Notes to Financial Highlights

246

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
High Income Bond Fund (cont'd)
Institutional Class
4/30/2021 (Unaudited)	$	8.79		8.05	%*	$	1,093.5		0.70	%**		0.70	%**		4.94	%**		46	%*
10/31/2020	$	8.34		3.02	%	$	1,148.7		0.69	%		0.69	%		5.14	%		115	%
10/31/2019	$	8.53		7.89	%	$	1,471.8		0.70	%		0.70	%		5.60	%		96	%
10/31/2018	$	8.36		0.31	%^b	$	1,202.7		0.69	%		0.69	%		5.44	%		46	%
10/31/2017	$	8.80		6.82	%^be	$	1,519.4		0.70	%		0.70	%^d		5.49	%^d		62	%
10/31/2016	$	8.70		8.17	%^b	$	3,067.9		0.69	%		0.69	%		5.67	%		72	%
Class A
4/30/2021 (Unaudited)	$	8.77		7.70	%*	$	22.2		1.12	%**		1.12	%^§**		4.49	%**		46	%*
10/31/2020	$	8.33		2.56	%	$	18.2		1.12	%		1.12	%^§		4.69	%		115	%
10/31/2019	$	8.52		7.43	%	$	25.1		1.17	%		1.12	%		5.23	%		96	%
10/31/2018	$	8.35		(0.13	)%^b	$	37.6		1.14	%		1.12	%		4.98	%		46	%
10/31/2017	$	8.79		6.49	%^be	$	76.8		1.14	%		1.12	%^d		5.05	%^d		62	%
10/31/2016	$	8.68		7.65	%^b	$	93.3		1.07	%		1.07	%		5.30	%		72	%
Class C
4/30/2021 (Unaudited)	$	8.79		7.45	%*	$	5.3		1.83	%**		1.83	%**		3.80	%**		46	%*
10/31/2020	$	8.34		1.74	%	$	5.9		1.82	%		1.82	%		4.04	%		115	%
10/31/2019	$	8.54		6.81	%	$	12.0		1.83	%		1.83	%		4.48	%		96	%
10/31/2018	$	8.36		(0.93	)%^b	$	16.0		1.82	%		1.82	%		4.31	%		46	%
10/31/2017	$	8.81		5.77	%^be	$	23.6		1.81	%		1.81	%^d		4.38	%^d		62	%
10/31/2016	$	8.70		6.98	%^b	$	31.2		1.81	%		1.81	%		4.57	%		72	%
Class R3
4/30/2021 (Unaudited)	$	8.78		7.59	%*	$	1.9		1.34	%**		1.34	%**		4.30	%**		46	%*
10/31/2020	$	8.34		2.35	%	$	1.8		1.34	%		1.34	%		4.49	%		115	%
10/31/2019	$	8.53		7.37	%	$	4.2		1.30	%		1.30	%		4.98	%		96	%
10/31/2018	$	8.35		(0.49	)%^b	$	3.5		1.37	%		1.37	%		4.77	%		46	%
10/31/2017	$	8.80		6.20	%^be	$	12.3		1.37	%		1.37	%^d§		4.81	%^d		62	%
10/31/2016	$	8.69		7.48	%^b	$	6.6		1.41	%		1.37	%		4.99	%		72	%

247

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Tax Return of Capital		Total Distributions
High Income Bond Fund (cont'd)
Class R6
4/30/2021 (Unaudited)	$	8.35	$	0.22	$	0.44		$	0.66		$	(0.22	)	$	—		$	—	$	(0.22	)
10/31/2020	$	8.54	$	0.43	$	(0.18	)	$	0.25		$	(0.44	)	$	—		$	—	$	(0.44	)
10/31/2019	$	8.36	$	0.48	$	0.18		$	0.66		$	(0.48	)	$	—		$	—	$	(0.48	)
10/31/2018	$	8.81	$	0.47	$	(0.45	)	$	0.02		$	(0.47	)	$	—		$	—	$	(0.47	)
10/31/2017	$	8.70	$	0.49	$	0.11		$	0.60		$	(0.49	)	$	—		$	—	$	(0.49	)
10/31/2016	$	8.51	$	0.48	$	0.19		$	0.67		$	(0.48	)	$	—		$	—	$	(0.48	)
Municipal High Income Fund
Institutional Class
4/30/2021 (Unaudited)	$	10.32	$	0.16	$	0.52		$	0.68		$	(0.16	)	$	—		$	—	$	(0.16	)
10/31/2020	$	10.59	$	0.31	$	(0.27	)	$	0.04		$	(0.31	)	$	—		$	—	$	(0.31	)
10/31/2019	$	10.00	$	0.36	$	0.59		$	0.95		$	(0.36	)	$	—		$	—	$	(0.36	)
10/31/2018	$	10.20	$	0.36	$	(0.20	)	$	0.16		$	(0.36	)	$	—		$	—	$	(0.36	)
10/31/2017	$	10.42	$	0.36	$	(0.14	)	$	0.22		$	(0.36	)	$	(0.08	)	$	—	$	(0.44	)
10/31/2016	$	10.10	$	0.35	$	0.32		$	0.67		$	(0.35	)	$	(0.00	)	$	—	$	(0.35	)
Class A
4/30/2021 (Unaudited)	$	10.31	$	0.14	$	0.52		$	0.66		$	(0.14	)	$	—		$	—	$	(0.14	)
10/31/2020	$	10.58	$	0.28	$	(0.27	)	$	0.01		$	(0.28	)	$	—		$	—	$	(0.28	)
10/31/2019	$	10.00	$	0.32	$	0.58		$	0.90		$	(0.32	)	$	—		$	—	$	(0.32	)
10/31/2018	$	10.20	$	0.33	$	(0.20	)	$	0.13		$	(0.33	)	$	—		$	—	$	(0.33	)
10/31/2017	$	10.42	$	0.32	$	(0.14	)	$	0.18		$	(0.32	)	$	(0.08	)	$	—	$	(0.40	)
10/31/2016	$	10.11	$	0.30	$	0.32		$	0.62		$	(0.31	)	$	(0.00	)	$	—	$	(0.31	)
Class C
4/30/2021 (Unaudited)	$	10.33	$	0.10	$	0.52		$	0.62		$	(0.10	)	$	—		$	—	$	(0.10	)
10/31/2020	$	10.59	$	0.20	$	(0.26	)	$	(0.06	)	$	(0.20	)	$	—		$	—	$	(0.20	)
10/31/2019	$	10.00	$	0.24	$	0.59		$	0.83		$	(0.24	)	$	—		$	—	$	(0.24	)
10/31/2018	$	10.21	$	0.25	$	(0.21	)	$	0.04		$	(0.25	)	$	—		$	—	$	(0.25	)
10/31/2017	$	10.42	$	0.24	$	(0.13	)	$	0.11		$	(0.24	)	$	(0.08	)	$	—	$	(0.32	)
10/31/2016	$	10.10	$	0.23	$	0.32		$	0.55		$	(0.23	)	$	(0.00	)	$	—	$	(0.23	)

See Notes to Financial Highlights

248

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
High Income Bond Fund (cont'd)
Class R6
4/30/2021 (Unaudited)	$	8.79		7.98	%*	$	363.4		0.60	%**		0.60	%**		5.04	%**		46	%*
10/31/2020	$	8.35		3.12	%	$	303.2		0.59	%		0.59	%		5.26	%		115	%
10/31/2019	$	8.54		8.12	%	$	747.4		0.60	%		0.60	%		5.69	%		96	%
10/31/2018	$	8.36		0.26	%^b	$	712.4		0.63	%		0.63	%		5.48	%		46	%
10/31/2017	$	8.81		7.03	%^be	$	1,503.1		0.61	%		0.61	%^d		5.56	%^d		62	%
10/31/2016	$	8.70		8.26	%^b	$	908.2		0.61	%		0.61	%		5.75	%		72	%
Municipal High Income Fund
Institutional Class
4/30/2021 (Unaudited)	$	10.84		6.60	%*	$	122.8		0.79	%**		0.50	%**		2.95	%**		32	%*
10/31/2020	$	10.32		0.46	%	$	117.9		0.81	%		0.51	%		3.05	%		112	%
10/31/2019	$	10.59		9.62	%	$	122.7		0.86	%		0.50	%		3.46	%		112	%
10/31/2018	$	10.00		1.61	%	$	87.6		0.88	%		0.51	%		3.58	%		106	%
10/31/2017	$	10.20		2.24	%	$	96.1		0.86	%		0.50	%		3.53	%		107	%
10/31/2016	$	10.42		6.70	%	$	122.4		0.93	%		0.50	%		3.36	%		75	%
Class A
4/30/2021 (Unaudited)	$	10.83		6.41	%*	$	1.0		1.20	%**		0.87	%**		2.58	%**		32	%*
10/31/2020	$	10.31		0.09	%	$	0.9		1.24	%		0.88	%		2.68	%		112	%
10/31/2019	$	10.58		9.13	%	$	1.1		1.30	%		0.87	%		3.10	%		112	%
10/31/2018	$	10.00		1.24	%	$	0.8		1.35	%		0.88	%		3.23	%		106	%
10/31/2017	$	10.20		1.87	%	$	0.3		1.40	%		0.87	%		3.20	%		107	%
10/31/2016	$	10.42		6.21	%	$	0.8		1.47	%		0.87	%		2.90	%		75	%
Class C
4/30/2021 (Unaudited)	$	10.85		6.01	%*	$	0.2		1.99	%**		1.62	%**		1.83	%**		32	%*
10/31/2020	$	10.33		(0.57	)%	$	0.3		1.94	%		1.63	%		1.94	%		112	%
10/31/2019	$	10.59		8.41	%	$	0.7		1.99	%		1.62	%		2.32	%		112	%
10/31/2018	$	10.00		0.38	%	$	0.5		2.01	%		1.63	%		2.46	%		106	%
10/31/2017	$	10.21		1.20	%	$	0.7		1.99	%		1.62	%		2.41	%		107	%
10/31/2016	$	10.42		5.52	%	$	0.3		2.15	%		1.62	%		2.21	%		75	%

249

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Tax Return of Capital		Total Distributions
Municipal Impact Fund
Institutional Class
4/30/2021 (Unaudited)	$	17.81	$	0.16	$	0.10		$	0.26		$	(0.16	)	$	(0.07	)	$	—	$	(0.23	)
10/31/2020	$	17.66	$	0.34	$	0.23		$	0.57		$	(0.34	)	$	(0.08	)	$	—	$	(0.42	)
10/31/2019	$	16.61	$	0.42	$	1.05		$	1.47		$	(0.42	)	$	—		$	—	$	(0.42	)
10/31/2018	$	17.32	$	0.40	$	(0.68	)	$	(0.28	)	$	(0.40	)	$	(0.03	)	$	—	$	(0.43	)
10/31/2017	$	17.76	$	0.39	$	(0.25	)	$	0.14		$	(0.39	)	$	(0.19	)	$	—	$	(0.58	)
10/31/2016	$	17.60	$	0.39	$	0.20		$	0.59		$	(0.39	)	$	(0.04	)	$	—	$	(0.43	)
Class A
4/30/2021 (Unaudited)	$	17.82	$	0.12	$	0.10		$	0.22		$	(0.13	)	$	(0.07	)	$	—	$	(0.20	)
10/31/2020	$	17.67	$	0.28	$	0.23		$	0.51		$	(0.28	)	$	(0.08	)	$	—	$	(0.36	)
10/31/2019	$	16.61	$	0.35	$	1.06		$	1.41		$	(0.35	)	$	—		$	—	$	(0.35	)
Period from 6/19/2018^{^} to 10/31/2018	$	16.90	$	0.16	$	(0.29	)	$	(0.13	)	$	(0.16	)	$	—		$	—	$	(0.16	)
Class C
4/30/2021 (Unaudited)	$	17.82	$	0.06	$	0.09		$	0.15		$	(0.06	)	$	(0.07	)	$	—	$	(0.13	)
10/31/2020	$	17.67	$	0.14	$	0.23		$	0.37		$	(0.14	)	$	(0.08	)	$	—	$	(0.22	)
10/31/2019	$	16.61	$	0.23	$	1.05		$	1.28		$	(0.22	)	$	—		$	—	$	(0.22	)
Period from 6/19/2018^{^} to 10/31/2018	$	16.90	$	0.11	$	(0.29	)	$	(0.18	)	$	(0.11	)	$	—		$	—	$	(0.11	)
Municipal Intermediate Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	12.01	$	0.10	$	0.25		$	0.35		$	(0.10	)	$	(0.05	)	$	—	$	(0.15	)
10/31/2020	$	12.04	$	0.24	$	—		$	0.24		$	(0.24	)	$	(0.03	)	$	—	$	(0.27	)
10/31/2019	$	11.39	$	0.28	$	0.68		$	0.96		$	(0.29	)	$	(0.02	)	$	—	$	(0.31	)
10/31/2018	$	11.81	$	0.25	$	(0.38	)	$	(0.13	)	$	(0.25	)	$	(0.04	)	$	—	$	(0.29	)
10/31/2017	$	11.97	$	0.23	$	(0.08	)	$	0.15		$	(0.23	)	$	(0.08	)	$	—	$	(0.31	)
10/31/2016	$	11.86	$	0.23	$	0.13		$	0.36		$	(0.23	)	$	(0.02	)	$	—	$	(0.25	)

See Notes to Financial Highlights

250

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Municipal Impact Fund
Institutional Class
4/30/2021 (Unaudited)	$	17.84		1.48	%*	$	64.4		0.87	%**		0.43	%**		1.78	%**		16	%*
10/31/2020	$	17.81		3.29	%	$	62.7		0.93	%		0.43	%		1.92	%		42	%
10/31/2019	$	17.66		8.93	%	$	59.0		1.11	%		0.44	%		2.43	%		100	%
10/31/2018	$	16.61		(1.61	)%	$	52.3		1.16	%^‡		0.87	%^‡		2.38	%^‡		92	%
10/31/2017	$	17.32		0.84	%^e	$	59.5		0.92	%		0.92	%^d		2.24	%^d		46	%
10/31/2016	$	17.76		3.38	%	$	62.3		0.96	%		0.96	%		2.19	%		28	%
Class A
4/30/2021 (Unaudited)	$	17.84		1.23	%*	$	0.1		1.26	%**		0.80	%**		1.41	%**		16	%*
10/31/2020	$	17.82		2.90	%	$	0.1		1.12	%		0.80	%		1.55	%		42	%
10/31/2019	$	17.67		8.58	%	$	0.1		1.51	%		0.81	%		2.01	%		100	%
Period from 6/19/2018^{^} to 10/31/2018	$	16.61		(0.78	)%*	$	0.0		1.77	%^‡**		0.81	%^‡**		2.47	%^‡**		92	%^{^^}
Class C
4/30/2021 (Unaudited)	$	17.84		0.86	%*	$	0.0		1.87	%**		1.55	%**		0.65	%**		16	%*
10/31/2020	$	17.82		2.14	%	$	0.0		2.01	%		1.55	%		0.77	%		42	%
10/31/2019	$	17.67		7.75	%	$	0.0		2.43	%		1.55	%		1.31	%		100	%
Period from 6/19/2018^{^} to 10/31/2018	$	16.61		(1.06	)%*	$	0.0		2.55	%^‡**		1.56	%^‡**		1.71	%^‡**		92	%^{^^}
Municipal Intermediate Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	12.21		2.97	%*	$	12.5		0.61	%**		0.45	%**		1.71	%**		30	%*
10/31/2020	$	12.01		2.02	%	$	12.5		0.66	%		0.45	%		2.00	%		93	%
10/31/2019	$	12.04		8.46	%	$	13.3		0.75	%		0.57	%		2.40	%		92	%
10/31/2018	$	11.39		(1.10	)%	$	12.8		0.75	%		0.61	%		2.17	%		98	%
10/31/2017	$	11.81		1.28	%	$	13.8		0.78	%		0.65	%		1.94	%		71	%
10/31/2016	$	11.97		3.09	%	$	15.8		0.84	%		0.65	%		1.95	%		44	%

251

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Tax Return of Capital			Total Distributions
Municipal Intermediate Bond Fund (cont'd)
Institutional Class
4/30/2021 (Unaudited)	$	12.00	$	0.11	$	0.25		$	0.36		$	(0.11	)	$	(0.05	)	$	—		$	(0.16	)
10/31/2020	$	12.03	$	0.26	$	—		$	0.26		$	(0.26	)	$	(0.03	)	$	—		$	(0.29	)
10/31/2019	$	11.38	$	0.30	$	0.67		$	0.97		$	(0.30	)	$	(0.02	)	$	—		$	(0.32	)
10/31/2018	$	11.80	$	0.27	$	(0.38	)	$	(0.11	)	$	(0.27	)	$	(0.04	)	$	—		$	(0.31	)
10/31/2017	$	11.96	$	0.25	$	(0.09	)	$	0.16		$	(0.24	)	$	(0.08	)	$	—		$	(0.32	)
10/31/2016	$	11.85	$	0.25	$	0.13		$	0.38		$	(0.25	)	$	(0.02	)	$	—		$	(0.27	)
Class A
4/30/2021 (Unaudited)	$	11.99	$	0.09	$	0.25		$	0.34		$	(0.09	)	$	(0.05	)	$	—		$	(0.14	)
10/31/2020	$	12.02	$	0.21	$	—		$	0.21		$	(0.21	)	$	(0.03	)	$	—		$	(0.24	)
10/31/2019	$	11.37	$	0.25	$	0.68		$	0.93		$	(0.26	)	$	(0.02	)	$	—		$	(0.28	)
10/31/2018	$	11.79	$	0.23	$	(0.38	)	$	(0.15	)	$	(0.23	)	$	(0.04	)	$	—		$	(0.27	)
10/31/2017	$	11.96	$	0.20	$	(0.09	)	$	0.11		$	(0.20	)	$	(0.08	)	$	(0.00	)	$	(0.28	)
10/31/2016	$	11.84	$	0.21	$	0.14		$	0.35		$	(0.21	)	$	(0.02	)	$	—		$	(0.23	)
Class C
4/30/2021 (Unaudited)	$	12.00	$	0.04	$	0.26		$	0.30		$	(0.05	)	$	(0.05	)	$	—		$	(0.10	)
10/31/2020	$	12.02	$	0.12	$	0.01		$	0.13		$	(0.12	)	$	(0.03	)	$	—		$	(0.15	)
10/31/2019	$	11.37	$	0.17	$	0.67		$	0.84		$	(0.17	)	$	(0.02	)	$	—		$	(0.19	)
10/31/2018	$	11.80	$	0.14	$	(0.39	)	$	(0.25	)	$	(0.14	)	$	(0.04	)	$	—		$	(0.18	)
10/31/2017	$	11.96	$	0.11	$	(0.08	)	$	0.03		$	(0.11	)	$	(0.08	)	$	—		$	(0.19	)
10/31/2016	$	11.84	$	0.12	$	0.14		$	0.26		$	(0.12	)	$	(0.02	)	$	—		$	(0.14	)
Short Duration Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	7.72	$	0.09	$	0.14		$	0.23		$	(0.11	)	$	—		$	—		$	(0.11	)
10/31/2020	$	7.80	$	0.22	$	(0.07	)	$	0.15		$	(0.23	)	$	—		$	—		$	(0.23	)
10/31/2019	$	7.66	$	0.17	$	0.16		$	0.33		$	(0.19	)	$	—		$	—		$	(0.19	)
10/31/2018	$	7.79	$	0.12	$	(0.10	)	$	0.02		$	(0.15	)	$	—		$	—		$	(0.15	)
10/31/2017	$	7.86	$	0.07	$	(0.04	)	$	0.03		$	(0.10	)	$	—		$	—		$	(0.10	)
10/31/2016	$	7.87	$	0.06	$	0.02		$	0.08		$	(0.09	)	$	—		$	—		$	(0.09	)

See Notes to Financial Highlights

252

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Municipal Intermediate Bond Fund (cont'd)
Institutional Class
4/30/2021 (Unaudited)	$	12.20		3.04	%*	$	222.1		0.45	%**		0.30	%**		1.86	%**		30	%*
10/31/2020	$	12.00		2.17	%	$	207.2		0.47	%		0.30	%		2.13	%		93	%
10/31/2019	$	12.03		8.63	%	$	182.3		0.55	%		0.42	%		2.54	%		92	%
10/31/2018	$	11.38		(0.95	)%	$	204.3		0.55	%		0.46	%		2.32	%		98	%
10/31/2017	$	11.80		1.43	%	$	200.1		0.58	%		0.50	%		2.10	%		71	%
10/31/2016	$	11.96		3.24	%	$	170.1		0.65	%		0.50	%		2.10	%		44	%
Class A
4/30/2021 (Unaudited)	$	12.19		2.86	%*	$	2.5		0.83	%**		0.67	%**		1.49	%**		30	%*
10/31/2020	$	11.99		1.80	%	$	2.6		0.84	%		0.67	%		1.77	%		93	%
10/31/2019	$	12.02		8.24	%	$	1.8		0.94	%		0.80	%		2.15	%		92	%
10/31/2018	$	11.37		(1.32	)%	$	6.5		0.93	%		0.83	%		1.95	%		98	%
10/31/2017	$	11.79		0.96	%	$	6.7		0.96	%		0.87	%		1.72	%		71	%
10/31/2016	$	11.96		2.95	%	$	10.1		1.03	%		0.87	%		1.70	%		44	%
Class C
4/30/2021 (Unaudited)	$	12.20		2.47	%*	$	1.7		1.58	%**		1.42	%**		0.73	%**		30	%*
10/31/2020	$	12.00		1.12	%	$	2.0		1.59	%		1.42	%		1.02	%		93	%
10/31/2019	$	12.02		7.43	%	$	2.6		1.68	%		1.54	%		1.43	%		92	%
10/31/2018	$	11.37		(2.14	)%	$	3.2		1.68	%		1.58	%		1.20	%		98	%
10/31/2017	$	11.80		0.30	%	$	3.2		1.71	%		1.62	%		0.97	%		71	%
10/31/2016	$	11.96		2.18	%	$	4.1		1.78	%		1.62	%		0.96	%		44	%
Short Duration Bond Fund
Investor Class
4/30/2021 (Unaudited)	$	7.84		2.99	%*	$	20.9		0.96	%**		0.54	%**		2.20	%**		67	%*
10/31/2020	$	7.72		1.97	%	$	20.5		1.03	%		0.56	%		2.88	%		165	%
10/31/2019	$	7.80		4.40	%^b	$	21.8		1.03	%		0.59	%		2.18	%		131	%
10/31/2018	$	7.66		0.22	%^b	$	20.9		1.09	%		0.63	%		1.50	%		99	%
10/31/2017	$	7.79		0.41	%^b	$	24.0		1.10	%		0.70	%		0.88	%		107	%
10/31/2016	$	7.86		0.98	%^b	$	28.9		1.21	%		0.70	%		0.70	%		104	%

253

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@			Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains		Tax Return of Capital		Total Distributions
Short Duration Bond Fund (cont'd)
Trust Class
4/30/2021 (Unaudited)	$	7.36	$	0.08		$	0.13		$	0.21		$	(0.10	)	$	—	$	—	$	(0.10	)
10/31/2020	$	7.43	$	0.20		$	(0.06	)	$	0.14		$	(0.21	)	$	—	$	—	$	(0.21	)
10/31/2019	$	7.30	$	0.15		$	0.16		$	0.31		$	(0.18	)	$	—	$	—	$	(0.18	)
10/31/2018	$	7.43	$	0.10		$	(0.10	)	$	0.00		$	(0.13	)	$	—	$	—	$	(0.13	)
10/31/2017	$	7.49	$	0.06		$	(0.03	)	$	0.03		$	(0.09	)	$	—	$	—	$	(0.09	)
10/31/2016	$	7.50	$	0.04		$	0.03		$	0.07		$	(0.08	)	$	—	$	—	$	(0.08	)
Institutional Class
4/30/2021 (Unaudited)	$	7.72	$	0.09		$	0.14		$	0.23		$	(0.12	)	$	—	$	—	$	(0.12	)
10/31/2020	$	7.79	$	0.24		$	(0.07	)	$	0.17		$	(0.24	)	$	—	$	—	$	(0.24	)
10/31/2019	$	7.65	$	0.18		$	0.17		$	0.35		$	(0.21	)	$	—	$	—	$	(0.21	)
10/31/2018	$	7.79	$	0.13		$	(0.11	)	$	0.02		$	(0.16	)	$	—	$	—	$	(0.16	)
10/31/2017	$	7.85	$	0.09		$	(0.03	)	$	0.06		$	(0.12	)	$	—	$	—	$	(0.12	)
10/31/2016	$	7.87	$	0.07		$	0.01		$	0.08		$	(0.10	)	$	—	$	—	$	(0.10	)
Class A
4/30/2021 (Unaudited)	$	7.36	$	0.08		$	0.13		$	0.21		$	(0.10	)	$	—	$	—	$	(0.10	)
10/31/2020	$	7.43	$	0.20		$	(0.06	)	$	0.14		$	(0.21	)	$	—	$	—	$	(0.21	)
10/31/2019	$	7.30	$	0.14		$	0.16		$	0.30		$	(0.17	)	$	—	$	—	$	(0.17	)
10/31/2018	$	7.42	$	0.09		$	(0.08	)	$	0.01		$	(0.13	)	$	—	$	—	$	(0.13	)
10/31/2017	$	7.49	$	0.05		$	(0.04	)	$	0.01		$	(0.08	)	$	—	$	—	$	(0.08	)
10/31/2016	$	7.49	$	0.04		$	0.03		$	0.07		$	(0.07	)	$	—	$	—	$	(0.07	)
Class C
4/30/2021 (Unaudited)	$	7.36	$	0.05		$	0.13		$	0.18		$	(0.07	)	$	—	$	—	$	(0.07	)
10/31/2020	$	7.43	$	0.14		$	(0.06	)	$	0.08		$	(0.15	)	$	—	$	—	$	(0.15	)
10/31/2019	$	7.29	$	0.09		$	0.17		$	0.26		$	(0.12	)	$	—	$	—	$	(0.12	)
10/31/2018	$	7.42	$	0.04		$	(0.10	)	$	(0.06	)	$	(0.07	)	$	—	$	—	$	(0.07	)
10/31/2017	$	7.49	$	(0.00	)	$	(0.04	)	$	(0.04	)	$	(0.03	)	$	—	$	—	$	(0.03	)
10/31/2016	$	7.50	$	(0.02	)	$	0.02		$	0.00		$	(0.01	)	$	—	$	—	$	(0.01	)

See Notes to Financial Highlights

254

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Short Duration Bond Fund (cont'd)
Trust Class
4/30/2021 (Unaudited)	$	7.47		2.88	%*	$	2.9		1.13	%**		0.64	%**		2.10	%**		67	%*
10/31/2020	$	7.36		1.96	%	$	2.7		1.16	%		0.66	%		2.77	%		165	%
10/31/2019	$	7.43		4.25	%^b	$	2.0		1.15	%		0.69	%		2.07	%		131	%
10/31/2018	$	7.30		0.04	%^b	$	2.1		1.21	%		0.73	%		1.42	%		99	%
10/31/2017	$	7.43		0.40	%^b	$	2.3		1.23	%		0.80	%		0.78	%		107	%
10/31/2016	$	7.49		0.88	%^b	$	2.6		1.36	%		0.80	%		0.60	%		104	%
Institutional Class
4/30/2021 (Unaudited)	$	7.83		2.96	%*	$	59.7		0.77	%**		0.34	%**		2.40	%**		67	%*
10/31/2020	$	7.72		2.31	%	$	55.7		0.79	%		0.36	%		3.08	%		165	%
10/31/2019	$	7.79		4.62	%^b	$	56.3		0.78	%		0.39	%		2.37	%		131	%
10/31/2018	$	7.65		0.29	%^b	$	54.7		0.84	%		0.43	%		1.71	%		99	%
10/31/2017	$	7.79		0.74	%^b	$	72.8		0.84	%		0.50	%		1.10	%		107	%
10/31/2016	$	7.85		1.06	%^b	$	48.3		0.99	%		0.50	%		0.91	%		104	%
Class A
4/30/2021 (Unaudited)	$	7.47		2.84	%*	$	1.9		1.15	%**		0.71	%**		2.04	%**		67	%*
10/31/2020	$	7.36		1.89	%	$	1.5		1.18	%		0.73	%		2.67	%		165	%
10/31/2019	$	7.43		4.18	%^b	$	0.8		1.17	%		0.76	%		1.92	%		131	%
10/31/2018	$	7.30		0.11	%^b	$	1.4		1.24	%		0.81	%		1.28	%		99	%
10/31/2017	$	7.42		0.20	%^b	$	2.5		1.24	%		0.87	%		0.69	%		107	%
10/31/2016	$	7.49		0.94	%^b	$	4.9		1.36	%		0.87	%		0.54	%		104	%
Class C
4/30/2021 (Unaudited)	$	7.47		2.46	%*	$	1.6		1.90	%**		1.46	%**		1.26	%**		67	%*
10/31/2020	$	7.36		1.13	%	$	2.1		1.92	%		1.48	%		1.92	%		165	%
10/31/2019	$	7.43		3.55	%^b	$	1.4		1.92	%		1.51	%		1.26	%		131	%
10/31/2018	$	7.29		(0.78	)%^b	$	1.2		1.98	%		1.55	%		0.57	%		99	%
10/31/2017	$	7.42		(0.55	)%^b	$	1.6		1.99	%		1.62	%		(0.06	)%		107	%
10/31/2016	$	7.49		0.05	%^b	$	3.0		2.11	%		1.62	%		(0.20	)%		104	%

255

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains		Tax Return of Capital			Total Distributions
Strategic Income Fund
Trust Class
4/30/2021 (Unaudited)	$	10.96	$	0.17	$	0.55		$	0.72		$	(0.22	)	$	—	$	—		$	(0.22	)
10/31/2020	$	10.99	$	0.35	$	0.01		$	0.36		$	(0.39	)	$	—	$	—		$	(0.39	)
10/31/2019	$	10.61	$	0.38	$	0.41		$	0.79		$	(0.35	)	$	—	$	(0.06	)	$	(0.41	)
10/31/2018	$	11.15	$	0.37	$	(0.51	)	$	(0.14	)	$	(0.40	)	$	—	$	—		$	(0.40	)
10/31/2017	$	11.06	$	0.33	$	0.11		$	0.44		$	(0.34	)	$	—	$	(0.01	)	$	(0.35	)
10/31/2016	$	10.79	$	0.32	$	0.30		$	0.62		$	(0.34	)	$	—	$	(0.01	)	$	(0.35	)
Institutional Class
4/30/2021 (Unaudited)	$	10.97	$	0.19	$	0.54		$	0.73		$	(0.24	)	$	—	$	—		$	(0.24	)
10/31/2020	$	10.99	$	0.39	$	0.02		$	0.41		$	(0.43	)	$	—	$	—		$	(0.43	)
10/31/2019	$	10.62	$	0.42	$	0.40		$	0.82		$	(0.39	)	$	—	$	(0.06	)	$	(0.45	)
10/31/2018	$	11.16	$	0.41	$	(0.51	)	$	(0.10	)	$	(0.44	)	$	—	$	—		$	(0.44	)
10/31/2017	$	11.07	$	0.37	$	0.11		$	0.48		$	(0.38	)	$	—	$	(0.01	)	$	(0.39	)
10/31/2016	$	10.79	$	0.36	$	0.31		$	0.67		$	(0.38	)	$	—	$	(0.01	)	$	(0.39	)
Class A
4/30/2021 (Unaudited)	$	10.98	$	0.17	$	0.54		$	0.71		$	(0.22	)	$	—	$	—		$	(0.22	)
10/31/2020	$	11.00	$	0.34	$	0.03		$	0.37		$	(0.39	)	$	—	$	—		$	(0.39	)
10/31/2019	$	10.63	$	0.37	$	0.41		$	0.78		$	(0.35	)	$	—	$	(0.06	)	$	(0.41	)
10/31/2018	$	11.17	$	0.36	$	(0.50	)	$	(0.14	)	$	(0.40	)	$	—	$	—		$	(0.40	)
10/31/2017	$	11.08	$	0.33	$	0.11		$	0.44		$	(0.34	)	$	—	$	(0.01	)	$	(0.35	)
10/31/2016	$	10.80	$	0.32	$	0.31		$	0.63		$	(0.34	)	$	—	$	(0.01	)	$	(0.35	)
Class C
4/30/2021 (Unaudited)	$	10.96	$	0.13	$	0.55		$	0.68		$	(0.18	)	$	—	$	—		$	(0.18	)
10/31/2020	$	10.99	$	0.27	$	0.01		$	0.28		$	(0.31	)	$	—	$	—		$	(0.31	)
10/31/2019	$	10.62	$	0.30	$	0.40		$	0.70		$	(0.27	)	$	—	$	(0.06	)	$	(0.33	)
10/31/2018	$	11.15	$	0.29	$	(0.50	)	$	(0.21	)	$	(0.32	)	$	—	$	—		$	(0.32	)
10/31/2017	$	11.06	$	0.25	$	0.11		$	0.36		$	(0.26	)	$	—	$	(0.01	)	$	(0.27	)
10/31/2016	$	10.79	$	0.24	$	0.30		$	0.54		$	(0.26	)	$	—	$	(0.01	)	$	(0.27	)

See Notes to Financial Highlights

256

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Strategic Income Fund
Trust Class
4/30/2021 (Unaudited)	$	11.46		6.57	%*	$	9.5		0.99	%**		0.94	%**		3.01	%**		42	%^c*
10/31/2020	$	10.96		3.41	%^b	$	9.6		1.02	%		0.94	%		3.24	%		107	%^c
10/31/2019	$	10.99		7.60	%^b	$	8.6		1.02	%		0.94	%		3.53	%		113	%^c
10/31/2018	$	10.61		(1.24	)%^b	$	19.5		1.00	%		0.94	%		3.37	%		116	%^c
10/31/2017	$	11.15		4.09	%^b	$	20.0		1.00	%		0.94	%		3.03	%		136	%^c
10/31/2016	$	11.06		5.91	%	$	27.7		1.14	%		1.09	%		2.99	%		141	%^c
Institutional Class
4/30/2021 (Unaudited)	$	11.46		6.66	%*	$	2,411.2		0.61	%**		0.59	%**		3.37	%**		42	%^c*
10/31/2020	$	10.97		3.87	%^b	$	2,227.5		0.61	%		0.59	%		3.59	%		107	%^c
10/31/2019	$	10.99		7.87	%^b	$	2,357.5		0.62	%		0.59	%		3.84	%		113	%^c
10/31/2018	$	10.62		(0.89	)%^b	$	2,219.8		0.62	%		0.59	%		3.75	%		116	%^c
10/31/2017	$	11.16		4.45	%^b	$	2,041.0		0.63	%		0.59	%		3.37	%		136	%^c
10/31/2016	$	11.07		6.38	%	$	1,436.8		0.78	%		0.74	%		3.33	%		141	%^c
Class A
4/30/2021 (Unaudited)	$	11.47		6.45	%*	$	127.2		0.99	%**		0.99	%^§**		2.96	%**		42	%^c*
10/31/2020	$	10.98		3.46	%^b	$	125.9		0.99	%		0.99	%^§		3.19	%		107	%^c
10/31/2019	$	11.00		7.44	%^b	$	113.5		1.01	%		0.99	%		3.45	%		113	%^c
10/31/2018	$	10.63		(1.29	)%^b	$	160.8		1.01	%		0.99	%		3.32	%		116	%^c
10/31/2017	$	11.17		4.03	%^b	$	193.1		1.02	%		1.00	%		2.98	%		136	%^c
10/31/2016	$	11.08		5.95	%	$	290.5		1.18	%		1.14	%		2.96	%		141	%^c
Class C
4/30/2021 (Unaudited)	$	11.46		6.18	%*	$	70.0		1.73	%**		1.69	%**		2.26	%**		42	%^c*
10/31/2020	$	10.96		2.64	%^b	$	73.4		1.73	%		1.69	%		2.49	%		107	%^c
10/31/2019	$	10.99		6.70	%^b	$	100.5		1.74	%		1.69	%		2.75	%		113	%^c
10/31/2018	$	10.62		(1.89	)%^b	$	122.2		1.74	%		1.69	%		2.62	%		116	%^c
10/31/2017	$	11.15		3.31	%^b	$	150.2		1.75	%		1.69	%		2.28	%		136	%^c
10/31/2016	$	11.06		5.13	%	$	183.9		1.91	%		1.84	%		2.45	%		141	%^c

257

Financial Highlights (cont'd)

	Net Asset Value, Beginning of Period		Net Investment Income/(Loss)^@		Net Gains or Losses on Securities (both realized and unrealized)			Total From Investment Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains		Tax Return of Capital			Total Distributions
Strategic Income Fund (cont'd)
Class R6
4/30/2021 (Unaudited)	$	10.96	$	0.20	$	0.53		$	0.73		$	(0.24	)	$	—	$	—		$	(0.24	)
10/31/2020	$	10.98	$	0.40	$	0.02		$	0.42		$	(0.44	)	$	—	$	—		$	(0.44	)
10/31/2019	$	10.61	$	0.43	$	0.40		$	0.83		$	(0.40	)	$	—	$	(0.06	)	$	(0.46	)
10/31/2018	$	11.15	$	0.42	$	(0.51	)	$	(0.09	)	$	(0.45	)	$	—	$	—		$	(0.45	)
10/31/2017	$	11.06	$	0.38	$	0.11		$	0.49		$	(0.39	)	$	—	$	(0.01	)	$	(0.40	)
10/31/2016	$	10.79	$	0.37	$	0.30		$	0.67		$	(0.39	)	$	—	$	(0.01	)	$	(0.40	)

See Notes to Financial Highlights

258

	Net Asset Value, End of Period		Total Return^a			Net Assets, End of Period (in millions)		Ratio of Gross Expenses to Average Net Assets^#			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/ (Loss) to Average Net Assets			Portfolio Turnover Rate
Strategic Income Fund (cont'd)
Class R6
4/30/2021 (Unaudited)	$	11.45		6.72	%*	$	418.1		0.51	%**		0.49	%**		3.48	%**		42	%^c*
10/31/2020	$	10.96		3.97	%^b	$	332.2		0.51	%		0.49	%		3.68	%		107	%^c
10/31/2019	$	10.98		7.98	%^b	$	301.4		0.52	%		0.50	%		3.94	%		113	%^c
10/31/2018	$	10.61		(0.83	)%^b	$	348.7		0.55	%		0.52	%		3.82	%		116	%^c
10/31/2017	$	11.15		4.52	%^b	$	311.0		0.56	%		0.52	%		3.43	%		136	%^c
10/31/2016	$	11.06		6.36	%	$	206.5		0.71	%		0.67	%		3.43	%		141	%^c

259

Notes to Financial Highlights Income Funds (Unaudited)

# Represents the annualized ratios of net expenses to average daily net assets if Management had not reimbursed certain expenses and/or waived a portion of the investment management fee and if High Income and Municipal Impact had not received refunds, plus interest, from State Street noted in (e) below for custodian out-of-pocket expenses previously paid during the year ended October 31, 2017.

@ Calculated based on the average number of shares outstanding during each fiscal period.

** Annualized.

* Not annualized.

^ The date investment operations commenced.

‡ Organization expense and/or proxy-related expense, which is a non-recurring expense, is included in these ratios on a non-annualized basis.

^§ After repayment of expenses previously reimbursed and/or fees previously waived pursuant to terms of the contractual expense limitation agreements by Management, as applicable. Had the Fund not made such repayments, the annualized ratios of net expenses to average net assets would have been:

	Six Months Ended April 30,			Year Ended October 31,
	2021			2020			2017
High Income Class A		1.10	%		1.04	%		—
High Income Class R3		—			—			1.35	%
Strategic Income Class A		0.99	%		0.99	%		—

^^ Portfolio turnover is calculated at the Fund level. Percentage indicated was calculated for the year ended October 31, 2019, for Core Bond and for the year ended October 31, 2018, for Municipal Impact.

a Total return based on per share NAV reflects the effects of changes in NAV on the performance of each Fund during each fiscal period. Returns assume income dividends and other distributions, if any, were reinvested, but do not reflect the effect of sales charges. Results represent past performance and do not indicate future results. Current returns may be lower or higher than the performance data quoted. Investment returns and principal will fluctuate and shares, when redeemed, may be worth more or less than original cost. Total return would have been lower if Management had not reimbursed and/or waived certain expenses. Total return would have been higher if Management had not recouped previously reimbursed and/or waived expenses.

b The class action proceeds listed in Note A of the Notes to Financial Statements, if any, had no impact on the Funds' total returns for the six months ended April 30, 2021. The class action proceeds received in 2020, 2019, 2018, 2017 and 2016 had no impact on the Funds' total returns for the years ended October 31, 2020, 2019, 2018, 2017 and 2016, respectively.

260

Notes to Financial Highlights Income Funds (Unaudited) (cont'd)

c Excluding TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been:

	Six Months Ended April 30,			Year Ended October 31,
	2021			2020			2019			2018			2017			2016
Core Bond		119	%		186	%		187	%		224	%		269	%		222	%
Strategic Income		160	%		344	%		325	%		345	%		352	%		363	%

d The custodian expenses refund noted in (e) below is non-recurring and is included in these ratios. Had High Income and Municipal Impact not received the refund, the annualized ratios of net expenses to average net assets and the annualized ratios of net investment income/(loss) to average net assets would have been:

	Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income/(Loss) to Average Net Assets
	Year Ended October 31, 2017
High Income Investor Class		0.84	%		5.34	%
High Income Institutional Class		0.70	%		5.49	%
High Income Class A		1.14	%		5.05	%
High Income Class C		1.81	%		4.38	%
High Income Class R3		1.37	%		4.81	%
High Income Class R6		0.61	%		5.56	%
Municipal Impact Institutional Class		0.92	%		2.23	%

e In May 2016, the Funds' custodian, State Street, announced that it had identified inconsistencies in the way in which certain Funds were invoiced for categories of expenses, particularly those deemed "out-of-pocket" costs, from 1998 through November 2015, and refunded to High Income and Municipal Impact certain expenses, plus interest, determined to be payable to those Funds for the period in question. These amounts were refunded to those Funds by State Street during the year ended October 31, 2017. These amounts had no impact on High Income's and Municipal Impact's total returns for the year ended October 31, 2017.

f Represents the annualized ratio of net expenses to average daily net assets after utilization of the line of credit by Emerging Markets Debt (2020) and Floating Rate Income (2019) and/or reimbursement of expenses and/or waiver of a portion of the investment management fee by Management. Had Emerging Markets Debt and Floating Rate Income not utilized the line of credit, and had Management not undertaken such action, the annualized ratios of net expenses to average daily net assets would have been:

	Year Ended October 31,
	2020			2019
Emerging Markets Debt Institutional Class		0.79	%		—
Emerging Markets Debt Class A		1.16	%		—
Emerging Markets Debt Class C		1.91	%		—
Floating Rate Income Institutional Class		—			0.71	%
Floating Rate Income Class A		—			1.08	%
Floating Rate Income Class C		—			1.84	%

261

Neuberger Berman Strategic Income Fund (NRSIX) N-CSRSCertified semi-annual shareholder report (management investment company)