Thrivent Mid Cap Stock Fund Class S (TMSIX) NPORT-P Thrivent Small Cap Growth Fund (Jul 2024 report)

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

1

Shares

Common

Stock

(

42.3%

)

Value

Communications

Services

(2.4%)

24,590

Alphabet,

Inc.,

Class

A

$

4,218,169

110,332

Alphabet,

Inc.,

Class

C

19,103,986

16,395

Altice

USA,

Inc.

a

34,266

6,799

AMC

Networks,

Inc.

a,b

75,673

4,016

Bandwidth,

Inc.

a

91,645

111,522

Cargurus,

Inc.

a

2,767,976

636

Charter

Communications,

Inc.

a

241,502

26,094

Cogent

Communications

Holdings

1,841,976

89,248

Comcast

Corporation

3,683,265

22,270

E.W.

Scripps

Company

a

83,735

4,233

Electronic

Arts,

Inc.

638,929

5,339

Emerald

Holding,

Inc.

a,b

30,272

2,171

Entravision

Communications

Corporation

4,755

11,853

iHeartMedia,

Inc.

a,b

21,098

3,304

Imax

Corporation

a

69,714

17,002

Integral

Ad

Science

Holding

Corporation

a

173,080

6,699

Iridium

Communications,

Inc.

192,261

5,682

Liberty

Global,

Ltd.,

Class

A

a

110,742

6,359

Liberty

Latin

America,

Ltd.,

Class

A

a

66,642

1,145

Liberty

Media

Corporation-Liberty

Live

Group

a

44,678

7,688

Magnite,

Inc.

a

111,784

36,165

Meta

Platforms,

Inc.

17,172,227

1,587

Netflix,

Inc.

a

997,191

6,668

New

York

Times

Company

357,338

1,659

Omnicom

Group,

Inc.

162,648

12,114

Paramount

Global

b

138,342

40,294

Pinterest,

Inc.

a

1,287,393

113,515

QuinStreet,

Inc.

a

2,122,731

4,456

Roku,

Inc.

a

259,384

2,119

Sinclair,

Inc.

32,590

12,157

Sirius

XM

Holdings,

Inc.

b

41,942

1,880

TechTarget,

Inc.

a

60,160

4,331

Telephone

and

Data

Systems,

Inc.

91,817

19,119

Trade

Desk,

Inc.

a

1,718,416

129,344

Verizon

Communications,

Inc.

5,241,019

137,208

Warner

Brothers

Discovery,

Inc.

a

1,186,849

Total

64,476,195

Consumer

Discretionary

(4.4%)

114

Adient

plc

a

2,937

98,893

Amazon.com,

Inc.

a

18,491,013

8,906

American

Axle

&

Manufacturing

Holdings,

Inc.

a

66,172

11,389

American

Eagle

Outfitters,

Inc.

251,127

28,442

Aptiv

plc

a

1,973,590

4,906

Autoliv,

Inc.

496,193

438

Beazer

Homes

USA,

Inc.

a

14,747

20,861

Best

Buy

Company,

Inc.

1,804,894

526

Booking

Holdings,

Inc.

1,954,095

20,923

Boot

Barn

Holdings,

Inc.

a

2,792,802

8,147

BorgWarner,

Inc.

287,671

13,519

Brunswick

Corporation

1,101,123

1,106

Carvana

Company

a

147,352

160

Cavco

Industries,

Inc.

a

66,339

962

Chewy,

Inc.

a

23,261

46,983

Chipotle

Mexican

Grill,

Inc.

a

2,552,117

27,732

Columbia

Sportswear

Company

2,265,704

65,463

Cooper-Standard

Holdings,

Inc.

a

967,543

11,290

Crocs,

Inc.

a

1,517,037

9,987

D.R.

Horton,

Inc.

1,796,961

11,642

Dana,

Inc.

147,970

Shares

Common

Stock

(42.3%)

Value

Consumer

Discretionary

(4.4%)

-

continued

534

Darden

Restaurants,

Inc.

$

78,119

1,465

Deckers

Outdoor

Corporation

a

1,351,653

1,094

DoorDash,

Inc.

a

121,128

48

Dorman

Products,

Inc.

a

4,866

19,477

DraftKings,

Inc.

a

719,675

44,033

eBay,

Inc.

2,448,675

491

El

Pollo

Loco

Holdings,

Inc.

a

5,921

1,505

Etsy,

Inc.

a

98,036

6,664

Everi

Holdings,

Inc.

a

85,766

16,391

Expedia

Group,

Inc.

a

2,092,639

145

Fox

Factory

Holding

Corporation

a

7,742

301

Frontdoor,

Inc.

a

11,877

12,507

Gap,

Inc.

293,664

10,059

Garmin,

Ltd.

1,722,604

20,152

Gentex

Corporation

625,921

3,172

Genuine

Parts

Company

466,633

4,332

Goodyear

Tire

&

Rubber

Company

a

50,684

14,567

Grand

Canyon

Education,

Inc.

a

2,271,724

3,197

Group

1

Automotive,

Inc.

1,169,207

5,700

H&R

Block,

Inc.

330,258

16,988

Hanesbrands,

Inc.

a

100,909

800

Harley-Davidson,

Inc.

30,000

2,436

Hasbro,

Inc.

157,025

15,599

Hilton

Worldwide

Holdings,

Inc.

3,348,637

11,056

Home

Depot,

Inc.

4,070,377

5,056

Installed

Building

Products,

Inc.

1,366,890

68

KB

Home

5,853

4,071

Kohl's

Corporation

88,178

16,594

Laureate

Education,

Inc.

257,207

1,430

Lear

Corporation

174,517

2,191

Leggett

&

Platt,

Inc.

28,855

1,360

Lennar

Corporation

240,625

583

Light

&

Wonder,

Inc.

a

62,498

10,329

LKQ

Corporation

428,653

13,410

Lowe's

Companies,

Inc.

3,292,289

6,904

Lululemon

Athletica,

Inc.

a

1,785,789

286

M/I

Homes,

Inc.

a

47,713

6,894

McDonald's

Corporation

1,829,668

4,236

Meritage

Homes

Corporation

859,357

40,866

Mobileye

Global,

Inc.

a

858,186

11,848

Modine

Manufacturing

Company

a

1,394,036

2,464

Mohawk

Industries,

Inc.

a

396,876

3,843

Nordstrom,

Inc.

87,736

605

NVR,

Inc.

a

5,207,525

313

OneSpaWorld

Holdings,

Ltd.

a

5,036

1,481

O'Reilly

Automotive,

Inc.

a

1,668,109

9,314

Patrick

Industries,

Inc.

1,192,751

4,020

Pool

Corporation

1,503,641

37,694

Qurate

Retail,

Inc.

a

27,015

407

Ralph

Lauren

Corporation

71,465

15,388

Ross

Stores,

Inc.

2,204,023

50,984

Savers

Value

Village,

Inc.

a

519,527

1,062

Service

Corporation

International/

US

84,864

66,943

SharkNinja,

Inc.

5,144,570

67,232

Skyline

Champion

Corporation

a

5,480,080

20,300

Sony

Group

Corporation

ADR

1,798,377

689

Starbucks

Corporation

53,708

1,861

Steven

Madden,

Ltd.

84,378

3,687

Stitch

Fix,

Inc.

a

17,366

117,159

Stoneridge,

Inc.

a

1,969,443

1,308

Strategic

Education,

Inc.

137,863

23,331

Tesla,

Inc.

a

5,414,425

19,249

Texas

Roadhouse,

Inc.

3,361,068

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

2

Shares

Common

Stock

(42.3%)

Value

Consumer

Discretionary

(4.4%)

-

continued

73,892

ThredUp,

Inc.

a

$

155,173

276

TopBuild

Corporation

a

132,077

7,199

Travel

+

Leisure

Company

331,802

512

Ulta

Beauty,

Inc.

a

186,824

2,962

Upbound

Group,

Inc.

111,756

4,224

Urban

Outfitters,

Inc.

a

194,515

11,234

VF

Corporation

190,529

57

Visteon

Corporation

a

6,586

47

Wingstop,

Inc.

17,572

58,098

Wyndham

Hotels

&

Resorts,

Inc.

4,399,181

57,644

Yum

China

Holding,

Inc.

1,743,155

Total

117,003,718

Consumer

Staples

(2.0%)

22,246

Altria

Group,

Inc.

1,090,276

2,790

BellRing

Brands,

Inc.

a

143,071

32,783

BJ's

Wholesale

Club

Holdings,

Inc.

a

2,883,593

2,353

Casey's

General

Stores,

Inc.

912,588

23,192

Celsius

Holdings,

Inc.

a

1,086,081

25,674

Coca-Cola

Company

1,713,483

2,454

Colgate-Palmolive

Company

243,412

946

Costco

Wholesale

Corporation

777,612

175,499

Coty,

Inc.

a

1,746,215

364

Dollar

Tree,

Inc.

a

37,980

11,044

e.l.f.

Beauty,

Inc.

a

1,905,974

25,566

J

&

J

Snack

Foods

Corporation

4,312,984

9,992

J.M.

Smucker

Company

1,178,556

17,294

John

B.

Sanfilippo

&

Son,

Inc.

1,813,622

145,372

Kenvue,

Inc.

2,687,928

3,556

Keurig

Dr

Pepper,

Inc.

121,900

4,976

Kroger

Company

271,192

27,142

Lamb

Weston

Holdings,

Inc.

1,629,063

21,215

Lancaster

Colony

Corporation

4,095,768

497

McCormick

&

Company,

Inc.

38,274

62,206

Philip

Morris

International,

Inc.

7,163,643

31,288

Pilgrim's

Pride

Corporation

a

1,290,004

332

PriceSmart,

Inc.

30,322

7,824

Procter

&

Gamble

Company

1,257,786

50,296

Sysco

Corporation

3,855,188

31,207

Turning

Point

Brands,

Inc.

1,177,128

33,832

Tyson

Foods,

Inc.

2,060,369

2,209

US

Foods

Holding

Corporation

a

120,147

12,522

Walgreens

Boots

Alliance,

Inc.

148,636

114,078

Walmart,

Inc.

7,830,314

Total

53,623,109

Energy

(1.9%)

24,090

Archrock,

Inc.

499,386

20,213

Baker

Hughes

Company

782,647

1,419

California

Resources

Corporation

72,993

37,874

Chesapeake

Energy

Corporation

2,890,922

524

Chevron

Corporation

84,086

3,585

Civitas

Resources,

Inc.

250,090

35,173

ConocoPhillips

3,911,238

5,845

Delek

US

Holdings,

Inc.

138,994

123,362

Devon

Energy

Corporation

5,801,715

118,685

Enterprise

Products

Partners,

LP

3,425,249

14,953

EOG

Resources,

Inc.

1,896,040

5,935

Expro

Group

Holdings

NV

a

137,811

71,544

Exxon

Mobil

Corporation

8,484,403

3,582

Gulfport

Energy

Corporation

a

527,306

121,292

Halliburton

Company

4,206,407

4,908

Hess

Midstream,

LP

183,952

548

International

Seaways,

Inc.

30,688

Shares

Common

Stock

(42.3%)

Value

Energy

(1.9%)

-

continued

2,297

Kodiak

Gas

Services,

Inc.

$

66,268

12,128

Marathon

Petroleum

Corporation

2,146,899

45,745

Matador

Resources

Company

2,812,403

2,906

Noble

Corporation

plc

137,221

128,749

NOV,

Inc.

2,680,554

9,275

Ovintiv,

Inc.

430,731

4,798

Par

Pacific

Holdings,

Inc.

a

127,387

4,386

Phillips

66

638,075

2,083

ProPetro

Holding

Corporation

a

19,976

8,430

Schlumberger

NV

407,085

22,471

Shell

plc

ADR

1,645,327

7,281

SM

Energy

Company

336,382

155,756

TechnipFMC

plc

4,594,802

4,093

Viper

Energy,

Inc.

174,648

8,720

Williams

Companies,

Inc.

374,437

Total

49,916,122

Financials

(6.2%)

13,379

Allstate

Corporation

2,289,415

95,474

Ally

Financial,

Inc.

4,297,285

3,712

Amalgamated

Financial

Corporation

118,079

6,456

American

Express

Company

1,633,626

30,654

American

International

Group,

Inc.

2,428,716

6,850

Ameriprise

Financial,

Inc.

2,945,980

578

Ameris

Bancorp

35,194

7,235

Annaly

Capital

Management,

Inc.

144,049

23,032

Arch

Capital

Group,

Ltd.

a

2,206,005

4,874

Arthur

J.

Gallagher

&

Company

1,381,730

3,643

Artisan

Partners

Asset

Management,

Inc.

160,875

2,466

Associated

Banc-Corp

56,669

1,072

Assurant,

Inc.

187,461

1,337

Assured

Guaranty,

Ltd.

110,129

743

Atlantic

Union

Bankshares

Corporation

30,679

512

Axis

Capital

Holdings,

Ltd.

38,784

1,900

Axos

Financial,

Inc.

a

138,719

1,085

Bancorp,

Inc.

a

56,246

139,518

Bank

of

America

Corporation

5,623,971

161

Bank

of

Hawaii

Corporation

11,043

1,953

Bank

of

Marin

Bancorp

39,665

30,388

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

1,165,076

44,358

Bank

of

New

York

Mellon

Corporation

2,886,375

9,269

Bank

OZK

434,623

1,431

BankFinancial

Corporation

16,771

359

BankUnited,

Inc.

13,829

204

Banner

Corporation

12,081

872

Bar

Harbor

Bankshares

27,869

459

BayCom

Corporation

11,057

2,680

BCB

Bancorp,

Inc.

33,982

4,236

Berkshire

Hathaway,

Inc.

a

1,857,486

2,916

Berkshire

Hills

Bancorp,

Inc.

80,482

3,137

Block,

Inc.

a

194,118

23,079

Blue

Owl

Capital,

Inc.

440,117

137

BOK

Financial

Corporation

14,089

71,083

Bridgewater

Bancshares,

Inc.

a

981,656

2,214

Brighthouse

Financial,

Inc.

a

110,412

1,444

BrightSpire

Capital,

Inc.

8,274

16,672

Brookline

Bancorp,

Inc.

174,889

10,429

Brown

&

Brown,

Inc.

1,036,955

2,603

Business

First

Bancshares,

Inc.

66,168

2,281

Byline

Bancorp,

Inc.

63,982

2,509

Cadence

Bank

82,471

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

3

Shares

Common

Stock

(42.3%)

Value

Financials

(6.2%)

-

continued

317

Camden

National

Corporation

$

13,213

167

Capital

City

Bank

Group,

Inc.

5,929

15,046

Capital

One

Financial

Corporation

2,277,964

6,546

Capitol

Federal

Financial,

Inc.

41,371

7,806

Carlyle

Group,

Inc.

388,270

4,047

Cathay

General

Bancorp

179,363

5,557

Cboe

Global

Markets,

Inc.

1,019,765

8,840

Central

Pacific

Financial

Corporation

230,636

62,166

Charles

Schwab

Corporation

4,052,602

17,553

Chubb,

Ltd.

4,838,660

4,257

Cincinnati

Financial

Corporation

556,049

3,913

Citigroup,

Inc.

253,875

1,720

Citizens

Financial

Group,

Inc.

73,392

2,353

CNB

Financial

Corporation

60,378

3,806

CNO

Financial

Group,

Inc.

132,677

17,344

Columbia

Banking

System,

Inc.

453,719

2,418

Comerica,

Inc.

132,531

1,950

Commerce

Bancshares,

Inc.

126,185

283

Community

Financial

System,

Inc.

17,455

4,367

Community

Trust

Bancorp,

Inc.

221,494

3,228

ConnectOne

Bancorp,

Inc.

78,182

881

Cullen/Frost

Bankers,

Inc.

103,130

1,480

Customers

Bancorp,

Inc.

a

95,430

563

CVB

Financial

Corporation

10,731

3,268

Dime

Community

Bancshares,

Inc.

82,615

20,305

Discover

Financial

Services

2,923,717

3,200

Eagle

Bancorp,

Inc.

68,864

2,773

East

West

Bancorp,

Inc.

243,719

5,335

Ellington

Credit

Company

37,452

633

Employers

Holdings,

Inc.

30,390

1,497

Enova

International,

Inc.

a

129,446

204

Enterprise

Bancorp,

Inc./MA

6,028

5,295

Enterprise

Financial

Services

Corporation

279,947

1,123

Equity

Bancshares,

Inc.

45,482

97,172

F.N.B.

Corporation

1,490,619

3,202

FactSet

Research

Systems,

Inc.

1,322,714

12,601

Federated

Hermes,

Inc.

432,592

3,938

Fidelity

National

Information

Services,

Inc.

302,557

3,203

Fifth

Third

Bancorp

135,615

3,165

Financial

Institutions,

Inc.

83,303

1,309

First

Bancorp/Puerto

Rico

28,078

4,414

First

Bancshares,

Inc.

147,075

849

First

Citizens

BancShares,

Inc./NC

1,772,449

783

First

Financial

Bancorp

21,423

1,229

First

Financial

Bankshares,

Inc.

47,267

1,375

First

Financial

Corporation

61,820

7,273

First

Foundation,

Inc.

50,911

762

First

Hawaiian,

Inc.

19,081

9,474

First

Horizon

Corporation

158,500

1,438

First

Internet

Bancorp

53,292

3,769

First

Interstate

BancSystem,

Inc.

118,987

1,227

First

Merchants

Corporation

49,509

2,122

First

Mid-Illinois

Bancshares,

Inc.

81,464

4,068

First

of

Long

Island

Corporation

53,372

4,678

Fiserv,

Inc.

a

765,180

3,313

Flushing

Financial

Corporation

48,801

1,303

Fulton

Financial

Corporation

25,239

51,888

Glacier

Bancorp,

Inc.

2,319,913

2,610

Global

Payments,

Inc.

265,280

2,354

Great

Southern

Bancorp,

Inc.

147,384

2,043

Green

Dot

Corporation

a

19,531

11,941

Hamilton

Lane,

Inc.

1,723,922

Shares

Common

Stock

(42.3%)

Value

Financials

(6.2%)

-

continued

1,019

Hancock

Whitney

Corporation

$

55,770

14,373

Hanmi

Financial

Corporation

293,209

745

Hanover

Insurance

Group,

Inc.

102,430

4,954

Hartford

Financial

Services

Group,

Inc.

549,498

1,615

Heartland

Financial

USA,

Inc.

88,050

4,963

Heritage

Commerce

Corporation

51,367

5,514

Heritage

Financial

Corporation

127,759

2,337

Home

BancShares,

Inc.

66,207

3,889

Hometrust

Bancshares,

Inc.

137,943

18,269

Hope

Bancorp,

Inc.

240,420

324

Horace

Mann

Educators

Corporation

11,201

5,476

Horizon

Bancorp,

Inc.

87,452

29,245

Houlihan

Lokey,

Inc.

4,394,061

5,756

Huntington

Bancshares,

Inc./OH

86,052

1,854

Independent

Bank

Corporation/MA

118,934

3,533

Independent

Bank

Corporation/MI

122,560

52,630

Intercontinental

Exchange,

Inc.

7,976,603

78

International

Bancshares

Corporation

5,260

33,636

Invesco,

Ltd.

580,557

376

Investar

Holding

Corporation

6,956

46,681

J.P.

Morgan

Chase

&

Company

9,933,717

7,551

Jack

Henry

&

Associates,

Inc.

1,294,846

14,437

Janus

Henderson

Group

plc

537,490

6,501

Jefferies

Financial

Group,

Inc.

380,113

11,627

Kearny

Financial

Corporation/MD

83,714

124,841

KeyCorp

2,013,685

17,450

Kinsale

Capital

Group,

Inc.

7,975,872

1,670

Lazard,

Inc.

82,114

733

LendingTree,

Inc.

a

39,010

627

LPL

Financial

Holdings,

Inc.

138,893

775

M&T

Bank

Corporation

133,432

14,689

Marsh

&

McLennan

Companies,

Inc.

3,269,331

4,204

Mastercard,

Inc.

1,949,437

2,612

Mercantile

Bank

Corporation

126,316

35,295

MetLife,

Inc.

2,712,421

1,136

Metropolitan

Bank

Holding

Corporation

a

59,901

9,929

MFA

Financial,

Inc.

111,106

51,234

MGIC

Investment

Corporation

1,272,653

765

Mid

Penn

Bancorp,

Inc.

22,682

4,629

Midland

States

Bancorp,

Inc.

109,892

6,939

MidWestOne

Financial

Group,

Inc.

203,382

1,359

Moody's

Corporation

620,356

4,641

Mr.

Cooper

Group,

Inc.

a

417,133

4,190

MSCI,

Inc.

2,265,784

223

MVB

Financial

Corporation

5,122

50,537

Nasdaq,

Inc.

3,420,344

1,186

NCR

Atleos

Corporation

a

38,130

54

Nelnet,

Inc.

6,086

957

New

York

Community

Bancorp,

Inc.

10,068

17,463

NMI

Holdings,

Inc.

a

687,169

31,102

Northern

Trust

Corporation

2,757,192

3,876

Northfield

Bancorp,

Inc.

48,489

11,615

NU

Holdings,

Ltd./Cayman

Islands

a

140,890

16,174

OceanFirst

Financial

Corporation

293,882

3,575

OFG

Bancorp

162,377

4,477

Old

National

Bancorp

89,630

2,999

Old

Republic

International

Corporation

103,825

7,325

Old

Second

Bancorp,

Inc.

123,939

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

4

Shares

Common

Stock

(42.3%)

Value

Financials

(6.2%)

-

continued

8,086

OneMain

Holdings,

Inc.

$

422,574

967

Orrstown

Financial

Services,

Inc.

34,000

198

Pacific

Premier

Bancorp,

Inc.

5,358

64

Park

National

Corporation

11,325

1,085

Pathward

Financial,

Inc.

73,281

34,155

PayPal

Holdings,

Inc.

a

2,246,716

893

PCB

Bancorp

17,208

714

PennyMac

Financial

Services,

Inc.

70,058

2,253

Peoples

Bancorp,

Inc./OH

74,957

1,146

Pinnacle

Financial

Partners,

Inc.

110,383

23

Piper

Sandler

Companies

6,285

442

PNC

Financial

Services

Group,

Inc.

80,046

1,056

Popular,

Inc.

108,377

2,894

Premier

Financial

Corporation

73,334

5,917

Principal

Financial

Group,

Inc.

482,295

7,504

Progressive

Corporation

1,606,757

21,257

Prosperity

Bancshares,

Inc.

1,541,558

5,574

Provident

Financial

Services,

Inc.

103,342

2,363

Prudential

Financial,

Inc.

296,131

43,306

Radian

Group,

Inc.

1,606,653

3,574

Regions

Financial

Corporation

79,950

514

Reinsurance

Group

of

America,

Inc.

115,871

19,369

Rithm

Capital

Corporation

224,874

25,316

RLI

Corporation

3,812,336

2,067

S&P

Global,

Inc.

1,001,937

1,259

Sandy

Spring

Bancorp,

Inc.

38,563

11,697

SEI

Investments

Company

793,525

462

ServisFirst

Bancshares,

Inc.

37,071

3,441

Shore

Bancshares,

Inc.

49,963

248

Simmons

First

National

Corporation

5,339

1,416

Skyward

Specialty

Insurance

Group,

Inc.

a

56,031

88

Southern

First

Bancshares,

Inc.

a

3,045

456

Southern

Missouri

Bancorp,

Inc.

26,083

1,068

Southside

Bancshares,

Inc.

37,369

1,114

SouthState

Corporation

110,253

291

Stellar

Bancorp,

Inc.

7,973

4,170

StepStone

Group,

Inc.

209,584

495

Stifel

Financial

Corporation

43,892

2,130

Synovus

Financial

Corporation

99,578

271

Texas

Capital

Bancshares,

Inc.

a

17,913

31,728

TPG,

Inc.

1,617,811

29,996

Tradeweb

Markets,

Inc.

3,349,953

44,338

Triumph

Financial,

Inc.

a

4,022,787

816

Truist

Financial

Corporation

36,467

1,807

TrustCo

Bank

Corporation

NY

64,347

4,631

Two

Harbors

Investment

Corporation

62,380

1,884

U.S.

Bancorp

84,554

1,497

UMB

Financial

Corporation

152,724

1,669

United

Bankshares,

Inc.

64,974

1,003

United

Community

Banks,

Inc.

31,043

2,605

Univest

Financial

Corporation

72,028

851

Unum

Group

48,958

43,498

Valley

National

Bancorp

365,383

3,319

Veritex

Holdings,

Inc.

83,207

13,095

Virtu

Financial,

Inc.

357,755

6,163

Visa,

Inc.

1,637,324

6,985

Voya

Financial,

Inc.

508,019

1,341

WaFd,

Inc.

47,726

548

Walker

&

Dunlop,

Inc.

58,581

11,152

Webster

Financial

Corporation

553,362

Shares

Common

Stock

(42.3%)

Value

Financials

(6.2%)

-

continued

122,699

Wells

Fargo

&

Company

$

7,280,959

1,511

Westamerica

Bancorporation

81,534

50,051

Western

Alliance

Bancorp

4,027,103

16,899

Western

Union

Company

200,929

785

Willis

Towers

Watson

plc

221,590

876

Wintrust

Financial

Corporation

94,783

427

WSFS

Financial

Corporation

24,121

36,564

Zions

Bancorp

NA

1,889,262

Total

166,127,785

Health

Care

(5.3%)

17,156

Abbott

Laboratories

1,817,507

2,041

AbbVie,

Inc.

378,238

1,987

ACELYRIN,

Inc.

a

11,922

20,009

Agilent

Technologies,

Inc.

2,829,273

1,303

Agios

Pharmaceuticals,

Inc.

a

60,459

8,265

Align

Technology,

Inc.

a

1,916,488

10,972

Amgen,

Inc.

3,647,861

17,470

AMN

Healthcare

Services,

Inc.

a

1,181,321

5,046

Amneal

Pharmaceuticals,

Inc.

a

36,987

1,216

Anika

Therapeutics,

Inc.

a

33,136

6,211

Arcellx,

Inc.

a

383,902

3,268

Argenx

SE

ADR

a

1,685,863

323

Arvinas,

Inc.

a

8,886

6,930

Ascendis

Pharma

AS

ADR

a

925,155

27,341

AstraZeneca

plc

ADR

2,164,040

125,138

Avantor,

Inc.

a

3,347,442

6,230

Biogen,

Inc.

a

1,328,236

27,463

Bio-Techne

Corporation

2,240,706

8,171

Boston

Scientific

Corporation

a

603,673

3,414

Bruker

Corporation

233,893

4,323

CareDx,

Inc.

a

86,417

5,693

Caribou

Biosciences,

Inc.

a

13,208

1,237

Castle

Biosciences,

Inc.

a

29,849

5,044

Cencora,

Inc.

1,199,867

2,120

Centene

Corporation

a

163,070

5,949

Charles

River

Laboratories

International,

Inc.

a

1,452,151

6,931

Chemed

Corporation

3,951,779

8,195

Cigna

Group

2,857,351

4,727

Cooper

Companies,

Inc.

a

441,171

636

CRISPR

Therapeutics

AG

a,b

36,436

12,500

Danaher

Corporation

3,463,500

2,789

Definitive

Healthcare

Corporation

a

10,877

7,825

Denali

Therapeutics,

Inc.

a

190,695

18,518

Dentsply

Sirona,

Inc.

502,579

16,635

Dexcom,

Inc.

a

1,128,186

4,565

Editas

Medicine,

Inc.

a

24,697

23,708

Edwards

Lifesciences

Corporation

a

1,494,789

34,845

Elanco

Animal

Health,

Inc.

a

454,379

9,359

Elevance

Health,

Inc.

4,979,269

7,240

Eli

Lilly

&

Company

5,822,915

1,484

Embecta

Corporation

23,254

441

Enanta

Pharmaceuticals,

Inc.

a

6,509

27,465

Encompass

Health

Corporation

2,552,597

5,415

Erasca,

Inc.

a

17,057

433

Exelixis,

Inc.

a

10,154

5,352

Fate

Therapeutics,

Inc.

a

28,526

47,652

Gilead

Sciences,

Inc.

3,624,411

30,076

Globus

Medical,

Inc.

a

2,164,269

7,276

GoodRx

Holdings,

Inc.

a

65,848

2,409

Guardant

Health,

Inc.

a

84,628

28,912

Haemonetics

Corporation

a

2,603,526

15,192

Halozyme

Therapeutics,

Inc.

a

839,510

16,259

HealthEquity,

Inc.

a

1,276,006

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

5

Shares

Common

Stock

(42.3%)

Value

Health

Care

(5.3%)

-

continued

6,308

Humana,

Inc.

$

2,281,036

4,955

ICON

plc

a

1,627,420

3,345

IDEXX

Laboratories,

Inc.

a

1,592,621

1,507

Illumina,

Inc.

a

184,758

17,990

Immunocore

Holdings

plc

ADR

a

714,203

4,541

Inspire

Medical

Systems,

Inc.

a

640,508

442

Integra

LifeSciences

Holdings

Corporation

a

10,966

1,614

Intellia

Therapeutics,

Inc.

a

42,303

6,071

Intuitive

Surgical,

Inc.

a

2,699,227

1,494

IQVIA

Holding,

Inc.

a

367,868

38,234

Johnson

&

Johnson

6,035,237

555

Kymera

Therapeutics,

Inc.

a

25,641

18,458

Labcorp

Holdings,

Inc.

3,976,592

11,853

Legend

Biotech

Corporation

ADR

a

668,391

62

Ligand

Pharmaceuticals,

Inc.

a

6,757

891

LivaNova

plc

a

44,015

29

Medpace

Holdings,

Inc.

a

11,093

31,136

Medtronic

plc

2,500,844

52,832

Merck

&

Company,

Inc.

5,976,884

263

Mettler-Toledo

International,

Inc.

a

400,031

4,241

Molina

Healthcare,

Inc.

a

1,447,326

2,012

Myriad

Genetics,

Inc.

a

56,276

10,362

Natera,

Inc.

a

1,060,965

1,597

Neurocrine

Biosciences,

Inc.

a

226,087

1,942

Novocure,

Ltd.

a

44,219

5,960

Nuvation

Bio,

Inc.

a

22,827

154,479

Option

Care

Health,

Inc.

a

4,586,482

80,051

Paragon

28,

Inc.

a

623,597

14,139

Penumbra,

Inc.

a

2,362,486

13,435

Pfizer,

Inc.

410,305

944

Prestige

Consumer

Healthcare,

Inc.

a

66,845

3,304

Prime

Medicine,

Inc.

a,b

18,535

26,763

Progyny,

Inc.

a

754,717

2,527

Prothena

Corporation

plc

a

58,829

722

QIAGEN

NV

32,122

1,011

Quest

Diagnostics,

Inc.

143,865

2,873

RAPT

Therapeutics,

Inc.

a

9,021

3,298

Recursion

Pharmaceuticals,

Inc.

a,b

27,044

6,386

Relay

Therapeutics,

Inc.

a

52,493

29,581

Repligen

Corporation

a

4,950,380

4,002

Rocket

Pharmaceuticals,

Inc.

a

96,848

22,617

Royalty

Pharma

plc

637,121

1,902

Sage

Therapeutics,

Inc.

a

20,827

1,581

Sagimet

Biosciences,

Inc.

a,b

5,312

30,727

Sanofi

SA

ADR

1,591,966

12,594

Sarepta

Therapeutics,

Inc.

a

1,791,371

82,093

scPharmaceuticals,

Inc.

a

412,928

108,375

Stevanato

Group

SPA

2,241,195

3,809

Stryker

Corporation

1,247,257

1,101

Teleflex,

Inc.

243,233

1,273

Tenet

Healthcare

Corporation

a

190,568

3,222

Thermo

Fisher

Scientific,

Inc.

1,976,181

35,315

Twist

Bioscience

Corporation

a

1,970,930

1,660

UnitedHealth

Group,

Inc.

956,426

9,240

Veeva

Systems,

Inc.

a

1,773,433

29,322

Vericel

Corporation

a

1,481,347

4,082

Vertex

Pharmaceuticals,

Inc.

a

2,023,529

88,761

Viemed

Healthcare,

Inc.

a

639,967

1,690

West

Pharmaceutical

Services,

Inc.

517,427

2,288

Xenon

Pharmaceuticals,

Inc.

a

98,681

1,471

Zentalis

Pharmaceuticals,

Inc.

a

5,722

27,544

Zimmer

Biomet

Holdings,

Inc.

3,067,024

Shares

Common

Stock

(42.3%)

Value

Health

Care

(5.3%)

-

continued

20,464

Zoetis,

Inc.

$

3,684,339

Total

139,868,916

Industrials

(6.6%)

4,145

A.O.

Smith

Corporation

352,491

11,279

AAR

Corporation

a

728,623

2,619

ABM

Industries,

Inc.

145,512

292

Acuity

Brands,

Inc.

73,394

27,126

Advanced

Drainage

Systems,

Inc.

4,802,387

19,471

AECOM

1,764,267

49,785

Air

Lease

Corporation

2,470,332

4,725

Alight,

Inc.

a

35,768

1,840

Allison

Transmission

Holdings,

Inc.

163,006

10,165

AMETEK,

Inc.

1,763,424

1,552

Applied

Industrial

Technologies,

Inc.

338,631

1,811

Arcosa,

Inc.

168,260

5,310

Armstrong

World

Industries,

Inc.

697,734

10,797

Atmus

Filtration

Technologies,

Inc.

a

332,979

6,615

Automatic

Data

Processing,

Inc.

1,737,231

3,421

Axon

Enterprise,

Inc.

a

1,026,334

19,058

AZEK

Company,

Inc.

a

855,514

968

AZZ,

Inc.

77,401

122,270

Badger

Infrastructure

Solutions,

Ltd.

3,453,830

12,736

Beacon

Roofing

Supply,

Inc.

a

1,309,261

8,479

Brady

Corporation

607,181

35,967

BWX

Technologies,

Inc.

3,578,357

2,263

Carlisle

Companies,

Inc.

947,247

14,671

Casella

Waste

Systems,

Inc.

a

1,519,329

9,700

Caterpillar,

Inc.

3,358,140

21,067

CECO

Environmental

Corporation

a

615,156

5,565

Clean

Harbors,

Inc.

a

1,328,532

244,170

CNH

Industrial

NV

2,600,411

1,075

CSW

Industrials,

Inc.

348,751

138,322

CSX

Corporation

4,855,102

2,176

Cummins,

Inc.

634,957

361

Curtiss-Wright

Corporation

106,387

28,107

Dayforce,

Inc.

a,b

1,666,183

56,010

Delta

Air

Lines,

Inc.

2,409,550

2,317

DNOW,

Inc.

a

35,589

4,643

Donaldson

Company,

Inc.

347,389

33

Dover

Corporation

6,081

4,383

EMCOR

Group,

Inc.

1,645,554

97

ESCO

Technologies,

Inc.

11,927

145,726

ExlService

Holdings,

Inc.

a

5,138,299

9,715

Expeditors

International

of

Washington,

Inc.

1,212,626

106,309

Fastenal

Company

7,521,362

11,580

Ferguson

Enterprises,

Inc.

2,578,287

90,184

Flowserve

Corporation

4,558,801

60,255

Fluor

Corporation

a

2,898,265

3,678

Gates

Industrial

Corporation

plc

a

68,374

10,880

General

Dynamics

Corporation

3,249,965

956

Gibraltar

Industries,

Inc.

a

71,002

7,306

Graco,

Inc.

621,375

674

Griffon

Corporation

48,568

52,253

Helios

Technologies,

Inc.

2,401,025

432

Herc

Holdings,

Inc.

67,323

15,444

Honeywell

International,

Inc.

3,162,159

82,579

Howmet

Aerospace,

Inc.

7,902,810

580

Huntington

Ingalls

Industries,

Inc.

162,388

7,899

IDEX

Corporation

1,646,784

11,384

Ingersoll

Rand,

Inc.

1,142,954

1,829

Interface,

Inc.

31,605

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

6

Shares

Common

Stock

(42.3%)

Value

Industrials

(6.6%)

-

continued

3,123

ITT

Corporation

$

441,780

15,681

Jacobs

Solutions,

Inc.

2,294,914

200,456

Janus

International

Group,

Inc.

a

2,890,576

14,356

JB

Hunt

Transport

Services,

Inc.

2,485,741

2,463

Kirby

Corporation

a

302,653

33,124

Knight-Swift

Transportation

Holdings,

Inc.

1,802,939

28,839

Korn

Ferry

2,126,011

3,664

Kratos

Defense

&

Security

Solutions,

Inc.

a

82,587

12,574

L3Harris

Technologies,

Inc.

2,852,915

11,274

Landstar

System,

Inc.

2,144,878

5,809

Leidos

Holdings,

Inc.

838,820

5,762

Lincoln

Electric

Holdings,

Inc.

1,183,572

5,159

Masco

Corporation

401,628

138,944

Masterbrand,

Inc.

a

2,507,939

955

Matson,

Inc.

126,738

20,181

Maximus,

Inc.

1,874,613

13,877

Miller

Industries,

Inc.

942,803

8,047

Moog,

Inc.

1,578,017

11,737

Mueller

Water

Products,

Inc.

242,721

4,467

Northrop

Grumman

Corporation

2,163,457

24,196

nVent

Electric

plc

1,757,355

15,330

Old

Dominion

Freight

Line,

Inc.

3,222,059

4,839

Oshkosh

Corporation

525,757

1,876

Otis

Worldwide

Corporation

177,282

11,802

Owens

Corning,

Inc.

2,199,657

2,082

PACCAR,

Inc.

205,410

2,241

Parker-Hannifin

Corporation

1,257,560

16,618

Pentair

plc

1,460,224

6,410

Quanta

Services,

Inc.

1,701,086

8,913

Regal

Rexnord

Corporation

1,432,141

973

Republic

Services,

Inc.

189,073

1,882

Resideo

Technologies,

Inc.

a

42,759

25,958

Robert

Half,

Inc.

1,666,244

8,977

Rockwell

Automation,

Inc.

2,501,441

1,351

Rush

Enterprises,

Inc.

68,915

4,967

Saia,

Inc.

a

2,075,461

76,004

Schneider

National,

Inc.

2,045,268

618

Sensata

Technologies

Holding

plc

24,096

10,996

Simpson

Manufacturing

Company,

Inc.

2,112,222

3,422

SkyWest,

Inc.

a

273,555

7,007

SS&C

Technologies

Holdings,

Inc.

511,161

17,389

Tennant

Company

1,872,621

2,283

Terex

Corporation

144,423

47,060

Timken

Company

4,091,867

7,392

Trane

Technologies

plc

2,470,998

428

TransDigm

Group,

Inc.

553,926

18,489

TransUnion

1,668,817

40,063

Uber

Technologies,

Inc.

a

2,582,862

56

UniFirst

Corporation/MA

10,894

890

Union

Pacific

Corporation

219,590

33,270

United

Parcel

Service,

Inc.

4,337,410

4,405

United

Rentals,

Inc.

3,335,026

3,488

Upwork,

Inc.

a

42,275

3,636

Verra

Mobility

Corporation

a

109,553

191

Viad

Corporation

a

6,351

965

Wabtec

Corporation

155,510

7,068

Waste

Connections,

Inc.

1,256,478

580

Waste

Management,

Inc.

117,543

3,100

Watsco,

Inc.

1,517,419

45,514

WNS

Holdings,

Ltd.

a

2,711,724

Total

175,341,489

Shares

Common

Stock

(42.3%)

Value

Information

Technology

(9.1%)

3,087

Adobe,

Inc.

a

$

1,702,944

24,490

Advanced

Micro

Devices,

Inc.

a

3,538,315

13,396

Agilysys,

Inc.

a

1,501,558

1,665

Ambarella,

Inc.

a

87,646

57,013

Amphenol

Corporation

3,663,655

116,101

Apple,

Inc.

25,783,710

17,174

Applied

Materials,

Inc.

3,644,323

8,236

AppLovin

Corporation

a

634,996

5,990

Arista

Networks,

Inc.

a

2,075,834

23,361

ASGN,

Inc.

a

2,211,586

846

Atlassian

Corporation

a

149,378

11,825

Autodesk,

Inc.

a

2,926,924

29,942

Broadcom,

Inc.

4,811,081

7,957

CCC

Intelligent

Solutions

Holdings,

Inc.

a

81,639

11,258

CDW

Corporation

2,455,482

43,049

Ciena

Corporation

a

2,270,404

103,582

Cisco

Systems,

Inc.

5,018,548

3,436

Clearwater

Analytics

Holdings,

Inc.

a

67,174

1,976

Coherent

Corporation

a

137,688

33,129

Cohu,

Inc.

a

1,059,797

1,942

CommScope

Holding

Company,

Inc.

a

5,030

2,768

CommVault

Systems,

Inc.

a

423,089

475

Consensus

Cloud

Solutions,

Inc.

a

10,117

12,830

Crane

NXT

Company

806,750

2,299

Credo

Technology

Group

Holding,

Ltd.

a

63,797

8,483

CyberArk

Software,

Ltd.

a

2,174,872

11,868

Datadog,

Inc.

a

1,381,910

18,375

Descartes

Systems

Group,

Inc.

a

1,867,819

28,134

DocuSign,

Inc.

a

1,560,874

227

Dolby

Laboratories,

Inc.

17,878

23,046

Dynatrace

Holdings,

LLC

a

1,012,180

265

Elastic

NV

a

29,063

14,218

Enphase

Energy,

Inc.

a

1,636,634

1,895

F5,

Inc.

a

385,898

16,178

Fabrinet

a

3,568,220

7,597

Flex,

Ltd.

a

244,244

7,709

FormFactor,

Inc.

a

412,894

26,457

Fortinet,

Inc.

a

1,535,564

3,376

Gartner,

Inc.

a

1,692,017

7,189

Gilat

Satellite

Networks,

Ltd.

a

32,710

39,992

Gitlab,

Inc.

a

2,048,790

6,236

Globant

SA

a

1,214,212

9,385

GoDaddy,

Inc.

a

1,365,048

45,910

Guidewire

Software,

Inc.

a

6,889,714

2,670

Hewlett

Packard

Enterprise

Company

53,160

3,106

HubSpot,

Inc.

a

1,543,775

3,927

Insight

Enterprises,

Inc.

a

881,611

34,770

International

Business

Machines

Corporation

6,680,708

816

IPG

Photonics

Corporation

a

65,606

1,314

Itron,

Inc.

a

135,920

91,940

JFrog,

Ltd.

a

3,545,206

3,169

Keysight

Technologies,

Inc.

a

442,297

1,625

KLA

Corporation

1,337,489

2,511

Kyndryl

Holdings,

Inc.

a

67,471

2,241

Lam

Research

Corporation

2,064,499

60,744

Lattice

Semiconductor

Corporation

a

3,219,432

10,938

Littelfuse,

Inc.

2,921,649

20,096

Marvell

Technology,

Inc.

1,346,030

69,894

Microsoft

Corporation

29,240,155

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

7

Shares

Common

Stock

(42.3%)

Value

Information

Technology

(9.1%)

-

continued

2,245

MKS

Instruments,

Inc.

$

282,645

10,732

MongoDB,

Inc.

a

2,708,327

2,844

Monolithic

Power

Systems,

Inc.

2,454,628

4,404

Motorola

Solutions,

Inc.

1,756,844

1,158

nCino,

Inc.

a

37,936

7,023

NetApp,

Inc.

891,781

5,227

Nova,

Ltd.,

Class

S

a

1,079,219

225,676

NVIDIA

Corporation

26,408,606

1,986

Okta,

Inc.

a

186,565

12,875

ON

Semiconductor

Corporation

a

1,007,469

13,875

Onto

Innovation,

Inc.

a

2,654,287

156

OSI

Systems,

Inc.

a

23,085

4,664

Palo

Alto

Networks,

Inc.

a

1,514,541

26,726

PDF

Solutions,

Inc.

a

937,815

17,392

Plexus

Corporation

a

2,229,133

377

Procore

Technologies,

Inc.

a

26,778

10,576

PTC,

Inc.

a

1,880,942

5,079

Q2

Holdings,

Inc.

a

342,680

11,497

Qorvo,

Inc.

a

1,377,341

48,089

QUALCOMM,

Inc.

8,701,705

17,264

Salesforce,

Inc.

4,467,923

84,558

Samsung

Electronics

Company,

Ltd.

5,214,039

6,973

ServiceNow,

Inc.

a

5,678,741

9,708

Silicon

Laboratories,

Inc.

a

1,166,222

5,522

SolarWinds

Corporation

65,877

2,740

Synopsys,

Inc.

a

1,529,797

15,594

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

2,585,485

3,235

TD

SYNNEX

Corporation

385,515

2,873

TE

Connectivity,

Ltd.

443,390

400

Teledyne

Technologies,

Inc.

a

168,744

1,607

Tenable

Holdings,

Inc.

a

73,793

79,760

Trimble,

Inc.

a

4,350,110

163,684

TTM

Technologies,

Inc.

a

3,172,196

3,173

Tyler

Technologies,

Inc.

a

1,802,613

4,359

Unisys

Corporation

a

20,749

1,689

Unity

Software,

Inc.

a

27,632

3,333

Universal

Display

Corporation

741,992

74,688

Varonis

Systems,

Inc.

a

4,117,549

5,678

VeriSign,

Inc.

a

1,061,843

1,487

Viavi

Solutions,

Inc.

a

11,955

8,018

Vontier

Corporation

314,546

17,258

Workiva,

Inc.

a

1,273,123

962

Xerox

Holdings

Corporation

10,356

Total

242,933,531

Materials

(1.6%)

8,107

Albemarle

Corporation

759,383

27,019

Alcoa

Corporation

892,708

583

AptarGroup,

Inc.

85,689

292

Avery

Dennison

Corporation

63,314

3,783

Avient

Corporation

171,143

18,363

Axalta

Coating

Systems,

Ltd.

a

654,641

14,595

Ball

Corporation

931,599

627

Berry

Plastics

Group,

Inc.

41,206

8,172

Celanese

Corporation

1,153,478

36,836

CF

Industries

Holdings,

Inc.

2,813,902

13,995

Chemours

Company

338,259

26,659

Corteva,

Inc.

1,495,570

3,555

DuPont

de

Nemours,

Inc.

297,554

2,928

Eagle

Materials,

Inc.

797,294

34,119

Eastman

Chemical

Company

3,525,516

10,342

Ecolab,

Inc.

2,385,796

Shares

Common

Stock

(42.3%)

Value

Materials

(1.6%)

-

continued

11,847

Element

Solutions,

Inc.

$

319,277

14,352

Greif,

Inc.

956,991

1,394

Huntsman

Corporation

33,358

31,297

Ingevity

Corporation

a

1,436,219

2,577

Innospec,

Inc.

337,948

291

International

Flavors

&

Fragrances,

Inc.

28,949

97,377

Ivanhoe

Mines,

Ltd.

a

1,273,063

1,995

Kaiser

Aluminum

Corporation

156,987

4,996

Knife

River

Corporation

a

397,282

853

Koppers

Holdings,

Inc.

34,726

4,260

Linde

plc

1,931,910

7,818

Louisiana-Pacific

Corporation

767,415

407

LyondellBasell

Industries

NV

40,480

3,056

Martin

Marietta

Materials,

Inc.

1,813,278

2,061

Minerals

Technologies,

Inc.

161,541

12,286

Mosaic

Company

365,754

27,792

Nucor

Corporation

4,528,428

3,865

O-I

Glass,

Inc.

a

51,636

2,140

Orion

SA

52,687

59

Packaging

Corporation

of

America

11,792

1,101

PPG

Industries,

Inc.

139,805

2,211

Radius

Recycling,

Inc.

40,063

76,636

Ranpak

Holdings

Corporation

a

553,312

9,091

RPM

International,

Inc.

1,104,193

1,733

Sealed

Air

Corporation

65,941

636

Sensient

Technologies

Corporation

49,640

20,627

Steel

Dynamics,

Inc.

2,747,929

27,112

Summit

Materials,

Inc.

a

1,132,739

2,704

SunCoke

Energy,

Inc.

31,637

8,683

Trinseo

plc

25,094

123,397

Tronox

Holdings

plc

1,994,096

16,397

United

States

Lime

&

Minerals,

Inc.

1,394,565

6,358

United

States

Steel

Corporation

261,250

2,195

Vulcan

Materials

Company

602,549

15,517

West

Fraser

Timber

Company,

Ltd.

1,376,203

Total

42,625,789

Real

Estate

(1.7%)

2,866

Acadia

Realty

Trust

62,020

44,215

Agree

Realty

Corporation

3,049,509

12,557

Alexandria

Real

Estate

Equities,

Inc.

1,472,810

12,767

AvalonBay

Communities,

Inc.

2,616,214

2,179

Brixmor

Property

Group,

Inc.

55,499

28,655

CBRE

Group,

Inc.

a

3,229,705

24,630

Compass,

Inc.

a

108,126

18,946

CoStar

Group,

Inc.

a

1,478,167

25,405

Crown

Castle,

Inc.

2,796,582

146,206

Cushman

and

Wakefield

plc

a

1,916,761

1,383

DiamondRock

Hospitality

Company

11,382

13,699

Douglas

Elliman,

Inc.

a

28,220

8,767

EastGroup

Properties,

Inc.

1,639,341

11,659

EPR

Properties

524,655

2,295

Equinix,

Inc.

1,813,601

36,088

Equity

Commonwealth

a

735,113

98,297

Essential

Properties

Realty

Trust,

Inc.

2,908,608

982

Essex

Property

Trust,

Inc.

273,349

5,692

Extra

Space

Storage,

Inc.

908,557

3,490

First

Industrial

Realty

Trust,

Inc.

190,973

11,904

Four

Corners

Property

Trust,

Inc.

323,075

6,429

Getty

Realty

Corporation

190,427

124,131

Healthcare

Realty

Trust,

Inc.

2,195,877

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

8

Shares

Common

Stock

(42.3%)

Value

Real

Estate

(1.7%)

-

continued

1,805

Howard

Hughes

Holdings,

Inc.

a

$

133,877

2,798

Independence

Realty

Trust,

Inc.

52,183

5,015

Industrial

Logistics

Properties

Trust

25,777

18,325

Invitation

Homes,

Inc.

646,323

17,037

LXP

Industrial

Trust

175,481

15,157

Medical

Properties

Trust,

Inc.

72,905

80,649

National

Storage

Affiliates

Trust

3,433,228

12,747

NetSTREIT

Corporation

209,943

8,474

Pebblebrook

Hotel

Trust

116,009

25,579

Phillips

Edison

and

Company,

Inc.

897,823

2,909

Plymouth

Industrial

REIT,

Inc.

69,583

1,089

RE/MAX

Holdings,

Inc.

10,509

5,153

Retail

Opportunity

Investments

Corporation

77,037

788

RMR

Group,

Inc.

20,441

14,114

SBA

Communications

Corporation

3,098,588

33,709

STAG

Industrial,

Inc.

1,375,664

4,106

Sun

Communities,

Inc.

520,353

11,649

Tanger,

Inc.

336,656

51,687

Terreno

Realty

Corporation

3,535,908

17,511

UDR,

Inc.

701,666

6,780

Zillow

Group,

Inc.,

Class

A

a

321,372

2,439

Zillow

Group,

Inc.,

Class

C

a

118,779

Total

44,478,676

Utilities

(1.1%)

29,122

Alliant

Energy

Corporation

1,620,931

8,301

American

Water

Works

Company,

Inc.

1,181,730

50,415

CenterPoint

Energy,

Inc.

1,399,016

18,721

Clearway

Energy,

Inc.,

Class

A

461,098

13,474

Clearway

Energy,

Inc.,

Class

C

359,486

12,396

Constellation

Energy

Corporation

2,352,761

30,729

Duke

Energy

Corporation

3,357,758

26,618

Entergy

Corporation

3,086,889

42,472

Evergy,

Inc.

2,463,376

6,600

Eversource

Energy

428,406

7,289

Hawaiian

Electric

Industries,

Inc.

120,706

16,181

NextEra

Energy

Partners,

LP

b

413,425

55,466

NiSource,

Inc.

1,733,312

9,177

Northwestern

Energy

Group,

Inc.

493,447

7,719

PNM

Resources,

Inc.

320,956

26,278

Portland

General

Electric

Company

1,245,052

36,928

Public

Service

Enterprise

Group,

Inc.

2,945,747

12,562

Spire,

Inc.

836,504

53,397

UGI

Corporation

1,323,178

21,515

Vistra

Energy

Corporation

1,704,418

48,548

Xcel

Energy,

Inc.

2,829,377

Total

30,677,573

Total

Common

Stock

(cost

$863,857,867)

1,127,072,903

Shares

Registered

Investment

Companies

(

38.2%

)

Value

U.S.

Affiliated  (37.6%)

5,335,367

Thrivent

Core

Emerging

Markets

Equity

Fund

50,952,755

7,325,975

Thrivent

Core

International

Equity

Fund

80,439,203

160,554

Thrivent

Core

Low

Volatility

Equity

Fund

1,868,848

6,273,651

Thrivent

Core

Mid

Cap

Value

Fund

71,394,151

Shares

Registered

Investment

Companies

(38.2%)

Value

U.S.

Affiliated  (37.6%)-

continued

2,708,118

Thrivent

Core

Small

Cap

Value

Fund

$

31,468,336

2,112,843

Thrivent

Global

Stock

Fund,

Class

S

61,842,909

14,985,132

Thrivent

International

Allocation

Fund,

Class

S

165,435,858

10,409,904

Thrivent

Large

Cap

Growth

Fund,

Class

S

217,983,391

4,069,694

Thrivent

Large

Cap

Value

Fund,

Class

S

124,573,340

3,554,791

Thrivent

Mid

Cap

Stock

Fund,

Class

S

132,949,195

1,863,368

Thrivent

Small

Cap

Stock

Fund,

Class

S

62,161,970

Total

1,001,069,956

U.S.

Unaffiliated  (0.6%)

2,196

Invesco

QQQ

Trust

Series

1

1,034,470

18,655

SPDR

S&P

500

ETF

Trust

10,275,360

31,394

SPDR

S&P

Biotech

ETF

3,109,890

2,106

SPDR

S&P

Oil

&

Gas

Exploration

ETF

308,297

Total

14,728,017

Total

Registered

Investment

Companies

(cost

$689,605,958)

1,015,797,973

Principal

Amount

Long-Term

Fixed

Income

(

4.3%

)

Value

Commercial

Mortgage-Backed

Securities

(<0.1%)

BANK5

2024-5YR8

$

100,000

6.378%, 

8/15/2057,

Ser.

2024-5YR8,

Class

AS

c,d

103,715

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

175,000

5.180%, 

3/25/2029,

Ser.

K520,

Class

A2

d

180,073

200,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

d,e

187,487

Total

471,275

Mortgage-Backed

Securities

(2.4%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

570,808

2.000%, 

5/1/2051

466,084

898,149

2.500%, 

5/1/2051

764,089

797,596

3.500%, 

5/1/2052

729,116

622,833

4.000%, 

5/1/2052

588,659

188,586

5.000%, 

7/1/2053

186,794

1,453,190

5.500%, 

7/1/2053

1,462,420

891,497

5.000%, 

8/1/2053

886,524

1,935,311

5.500%, 

9/1/2053

1,955,813

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

193,648

2.500%, 

7/1/2030

184,044

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

541,461

3.000%, 

8/1/2038

509,969

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

9

Principal

Amount

Long-Term

Fixed

Income

(4.3%)

Value

Mortgage-Backed

Securities

(2.4%)

-

continued

$

683,688

3.500%, 

5/1/2040

$

648,904

461,683

2.500%, 

4/1/2042

405,639

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

849,280

3.000%, 

1/1/2052

747,045

209,124

2.000%, 

2/1/2051

170,775

118,868

2.000%, 

2/1/2051

97,070

664,891

2.500%, 

2/1/2051

565,003

517,962

2.500%, 

2/1/2051

438,066

1,364,404

2.000%, 

3/1/2051

1,102,177

1,828,192

4.000%, 

3/1/2051

1,739,205

277,175

2.000%, 

3/1/2052

226,224

887,507

3.000%, 

3/1/2052

776,716

516,162

3.000%, 

4/1/2051

454,784

566,310

3.000%, 

5/1/2050

503,174

243,426

2.000%, 

5/1/2051

197,688

430,568

3.000%, 

5/1/2051

383,916

1,156,032

2.000%, 

6/1/2050

942,449

360,506

3.000%, 

6/1/2050

322,576

425,712

4.000%, 

6/1/2052

399,531

145,189

5.000%, 

6/1/2053

144,154

723,986

2.500%, 

7/1/2051

619,604

553,729

3.500%, 

7/1/2051

510,913

1,168,350

4.000%, 

7/1/2052

1,096,560

600,835

3.500%, 

8/1/2050

554,313

815,251

3.500%, 

8/1/2052

740,713

3,609,179

4.500%, 

8/1/2052

3,489,686

1,175,648

5.000%, 

8/1/2053

1,167,270

210,436

3.500%, 

9/1/2052

192,528

402,106

3.500%, 

9/1/2052

367,886

976,099

5.000%, 

9/1/2052

962,600

1,075,142

4.500%, 

9/1/2053

1,043,080

2,950,391

4.500%, 

9/1/2053

2,847,068

1,064,647

4.000%, 

10/1/2052

1,002,578

238,249

2.000%, 

11/1/2051

194,090

308,730

3.500%, 

11/1/2052

282,551

1,002,989

2.000%, 

12/1/2050

816,032

834,705

2.500%, 

12/1/2051

707,954

1,211,553

4.500%, 

12/1/2052

1,176,683

6,000,000

6.000%, 

8/1/2041

c

6,085,083

9,725,000

5.500%, 

8/1/2042

c

9,739,892

2,925,000

4.500%, 

8/1/2048

c

2,817,419

4,200,000

5.000%, 

8/1/2048

4,135,794

4,900,000

3.000%, 

8/1/2049

c

4,275,438

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

477,994

2.500%, 

3/1/2062

386,200

322,776

3.500%, 

7/1/2061

288,040

539,151

4.000%, 

12/1/2061

499,167

Total

63,997,750

U.S.

Government

&

Agencies

(1.9%)

U.S.

Treasury

Bonds

2,000,000

1.625%, 

11/15/2050

1,132,656

3,850,000

4.000%, 

11/15/2052

3,621,707

190,000

5.250%, 

11/15/2028

199,930

3,240,000

1.375%, 

11/15/2040

2,123,339

2,291,000

2.500%, 

5/15/2046

1,665,092

U.S.

Treasury

Notes

1,930,000

2.125%, 

11/30/2024

1,910,398

1,000,000

5.000%, 

9/30/2025

1,003,711

540,000

2.625%, 

1/31/2026

525,635

Principal

Amount

Long-Term

Fixed

Income

(4.3%)

Value

U.S.

Government

&

Agencies

(1.9%)

-

continued

$

4,295,000

2.500%, 

2/28/2026

$

4,168,331

5,700,000

4.625%, 

2/28/2026

5,714,695

2,400,000

4.500%, 

3/31/2026

2,403,469

1,490,000

2.250%, 

11/15/2027

1,408,283

200,000

0.750%, 

1/31/2028

178,875

900,000

3.500%, 

1/31/2028

884,918

2,400,000

3.625%, 

3/31/2028

2,369,531

4,500,000

2.875%, 

5/15/2028

4,321,934

3,000,000

4.125%, 

7/31/2028

3,015,586

3,700,000

4.375%, 

8/31/2028

3,755,211

2,400,000

4.125%, 

3/31/2029

2,418,187

125,000

0.875%, 

11/15/2030

103,804

70,000

1.375%, 

11/15/2031

58,521

4,800,000

2.875%, 

5/15/2032

4,439,250

4,000,000

3.375%, 

5/15/2033

3,804,688

Total

51,227,751

Total

Long-Term

Fixed

Income

(cost

$118,610,083)

115,696,776

Shares

Private

Equity

Funds

(

0.8%

)

Value

Secondary

(0.8%)

1

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP

*,a,f

1,589,956

1

ASF

IX,

LP

*,a,f

2,870,535

1

ASF

VIII

Sidecar

(Cayman),

LP

*,a,f

116,515

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,a,f

1,573,968

1

LCP

X

(Offshore),

LP

*,a,f

14,401,769

1

StepStone

Secondary

Opportunities

Fund

V

Offshore,

LP

*,a,f

705,442

Total

21,258,185

Total

Private

Equity

Funds

(cost

$14,540,056)

21,258,185

Shares

Collateral

Held

for

Securities

Loaned

(

0.1%

)

Value

1,741,300

Thrivent

Cash

Management

Trust

1,741,300

Total

Collateral

Held

for

Securities

Loaned

(cost

$1,741,300)

1,741,300

Shares

or

Principal

Amount

Short-Term

Investments

(

14.9%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.210%,

9/23/2020

g,h

99,213

2,400,000

5.250%,

8/7/2024

g,h

2,397,548

4,700,000

5.245%,

8/16/2024

g,h

4,689,023

8,100,000

5.247%,

8/21/2024

g,h

8,075,170

100,000

5.260%,

8/23/2024

g,h

99,664

3,700,000

5.225%,

9/17/2024

g,h

3,674,125

14,200,000

5.235%,

9/18/2024

g,h

14,098,626

1,000,000

5.170%,

10/9/2024

g,h

990,044

100,000

5.200%,

10/16/2024

g,h

98,905

1,500,000

5.195%,

10/18/2024

g,h

1,483,147

1,200,000

5.215%,

10/30/2024

g,h

1,184,469

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

10

Shares

or

Principal

Amount

Short-Term

Investments

(14.9%)

Value

Thrivent

Core

Short-Term

Reserve

Fund

35,981,376

5.600%

$

359,813,758

Total

Short-Term

Investments

(cost

$396,635,565)

396,703,692

Total

Investments

(cost

$2,084,990,829)

100.6%

$2,678,270,829

Other

Assets

and

Liabilities,

Net

(0.6%)

(15,628,724)

Total

Net

Assets

100.0%

$2,662,642,105

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

d

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

e

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

f

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

g

The

interest

rate

shown

reflects

the

yield.

h

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Aggressive

Allocation

Fund

as

of

July

31,

2024

was

$21,258,185

or

0.80%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP 

6/28/2024

$

–

ASF

IX,

LP 

3/18/2024

1,768,577

ASF

VIII

Sidecar

(Cayman),

LP 

6/28/2024

–

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

1,036,000

LCP

X

(Offshore),

LP 

10/25/2023

11,735,479

StepStone

Secondary

Opportunities

Fund

V

Offshore,

LP 

6/28/2024

–

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Aggressive

Allocation

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Common

Stock

$

1,821,116

Total

lending

$1,821,116

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$1,741,300

Net

amounts

due

to

counterparty

$(79,816)

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

11

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Aggressive

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

64,476,195

64,476,195

–

–

Consumer

Discretionary

117,003,718

117,003,718

–

–

Consumer

Staples

53,623,109

53,623,109

–

–

Energy

49,916,122

49,916,122

–

–

Financials

166,127,785

166,127,785

–

–

Health

Care

139,868,916

139,868,916

–

–

Industrials

175,341,489

171,887,659

3,453,830

–

Information

Technology

242,933,531

237,719,492

5,214,039

–

Materials

42,625,789

41,352,726

1,273,063

–

Real

Estate

44,478,676

44,478,676

–

–

Utilities

30,677,573

30,677,573

–

–

Registered

Investment

Companies

U.S.

Affiliated

764,946,663

764,946,663

–

–

U.S.

Unaffiliated

14,728,017

14,728,017

–

–

Long-Term

Fixed

Income

Commercial

Mortgage-Backed

Securities

471,275

–

471,275

–

Mortgage-Backed

Securities

63,997,750

–

63,997,750

–

U.S.

Government

&

Agencies

51,227,751

–

51,227,751

–

Private

Equity

Funds

Secondary

21,258,185

–

–

21,258,185

Short-Term

Investments

36,889,934

–

36,889,934

–

Subtotal

Investments

in

Securities

$2,080,592,478

$1,896,806,651

$162,527,642

$21,258,185

Other

Investments  *

Total

Affiliated

Short-Term

Investments

359,813,758

U.S.

Affiliated

Registered

Investment

Cos.

236,123,293

Collateral

Held

for

Securities

Loaned

1,741,300

Subtotal

Other

Investments

$597,678,351

Total

Investments

at

Value

$2,678,270,829

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Aggressive

Allocation

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

7,472,653

7,472,653

–

–

Total

Asset

Derivatives

$7,472,653

$7,472,653

$–

$–

Liability

Derivatives

Futures

Contracts

18,033,946

17,935,427

98,519

–

Total

Liability

Derivatives

$18,033,946

$17,935,427

$98,519

$–

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

12

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Aggressive

Allocation

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$36,889,934

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

43

September

2024

$

8,755,316

$

75,474

CBOT

5-Yr.

U.S.

Treasury

Note

15

September

2024

1,587,695

30,664

CME

E-mini

Russell

2000

Index

13

September

2024

1,332,066

145,384

CME

E-mini

S&P

500

Index

2,054

September

2024

565,195,474

5,611,126

CME

E-mini

S&P

Mid-Cap

400

Index

3

September

2024

895,305

40,725

CME

Ultra

Long

Term

U.S.

Treasury

Bond

4

September

2024

495,853

16,022

ICE

mini

MSCI

EAFE

Index

476

September

2024

55,321,602

1,553,258

Total

Futures

Long

Contracts

$

633,583,311

$

7,472,653

CME

E-mini

Russell

2000

Index

(606)

September

2024

(

$

62,489,109)

(

$

6,382,791)

CME

E-mini

S&P

Mid-Cap

400

Index

(643)

September

2024

(

189,599,445)

(

11,022,985)

CME

Euro

Foreign

Exchange

Currency

(178)

September

2024

(

23,999,443)

(

141,807)

Eurex

Euro

STOXX

50

Index

(441)

September

2024

(

23,297,390)

(

98,519)

ICE

US

mini

MSCI

Emerging

Markets

Index

(411)

September

2024

(

22,186,295)

(

346,780)

Ultra

10-Yr.

U.S.

Treasury

Note

(13)

September

2024

(

1,461,452)

(

41,064)

Total

Futures

Short

Contracts

(

$

323,033,134)

($18,033,946)

Total

Futures

Contracts

$

310,550,177

($10,561,293)

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

13

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Aggressive

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$41,719

$

1,501

$–

$50,953

5,335

1.9%

Core

International

Equity

53,222

15,090

–

80,439

7,326

3.0

Core

Low

Volatility

Equity

38,138

3,280

39,600

1,869

161

0.1

Core

Mid

Cap

Value

56,869

1,193

–

71,394

6,274

2.7

Core

Small

Cap

Value

22,690

419

–

31,468

2,708

1.2

Global

Stock,

Class

S

48,255

3,039

–

61,843

2,113

2.3

International

Allocation,

Class

S

133,471

4,547

–

165,436

14,985

6.2

Large

Cap

Growth,

Class

S

158,981

5,356

–

217,983

10,410

8.2

Large

Cap

Value,

Class

S

99,721

3,840

–

124,573

4,070

4.7

Mid

Cap

Stock,

Class

S

103,652

1,774

–

132,949

3,555

5.0

Small

Cap

Stock,

Class

S

45,817

251

–

62,162

1,863

2.3

Total

U.S.

Affiliated

Registered

Investment

Companies

802,535

1,001,069

37.6

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

297,522

351,393

289,101

359,814

35,981

13.5

Total

Affiliated

Short-Term

Investments

297,522

359,814

13.5

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

326

49,791

48,376

1,741

1,741

0.1

Total

Collateral

Held

for

Securities

Loaned

326

1,741

0.1

Total

Value

$1,100,383

$1,362,624

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$–

$7,733

$–

$1,501

Core

International

Equity

–

12,127

–

2,090

Core

Low

Volatility

Equity

Fund

3,613

(3,562)

2,402

877

Core

Mid

Cap

Value

–

13,332

266

928

Core

Small

Cap

Value

–

8,359

–

420

Global

Stock,

Class

S

–

10,549

1,958

1,080

International

Allocation,

Class

S

–

27,418

–

4,547

Large

Cap

Growth,

Class

S

–

53,646

5,357

–

Large

Cap

Value,

Class

S

–

21,012

1,966

1,875

Mid

Cap

Stock,

Class

S

–

27,523

1,237

537

Small

Cap

Stock,

Class

S

–

16,094

–

251

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

–

–

–

15,654

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$29,760

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

10

Total

Affiliated

Income

from

Securities

Loaned,

Net

$10

Total

$3,613

$194,231

$13,186

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

14

Principal

Amount

Long-Term

Fixed

Income

(

46.7%

)

Value

Asset-Backed

Securities

(4.2%)

510

Asset

Backed

Trust

$

201,324

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

a,b

$

200,072

200,682

4.090%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A2

a,b

201,711

187,951

5.116%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A1

a,b

186,529

720

East

CLO,

Ltd.

500,000

9.532%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

a,c

503,713

Affirm

Asset

Securitization

Trust

225,000

6.820%, 

9/15/2028,

Ser.

2023-B,

Class

A

a

228,716

162,027

7.110%, 

11/15/2028,

Ser.

2023-X1,

Class

A

a

162,516

250,000

5.610%, 

2/15/2029,

Ser.

2024-A,

Class

A

a

251,017

Anchorage

Capital

CLO

21,

Ltd.

250,000

7.944%, 

(TSFR3M

+

2.662%),

10/20/2034,

Ser.

2021-21A,

Class

C

a,c

250,134

Ares

XL

CLO,

Ltd.

250,000

8.363%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

a,c

250,054

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

275,000

5.570%, 

10/20/2028,

Ser.

2024-2A,

Class

B

a

277,534

Barings

CLO,

Ltd.

400,000

8.694%, 

(TSFR3M

+

3.412%),

1/20/2032,

Ser.

2016-2A,

Class

DR2

a,c

402,040

Business

Jet

Securities,

LLC

205,475

4.455%, 

6/15/2037,

Ser.

2022-1A,

Class

A

a

199,028

458,599

6.197%, 

5/15/2039,

Ser.

2024-1A,

Class

A

a

466,217

CarVal

CLO

I,

Ltd.

275,000

7.136%, 

(TSFR3M

+

1.850%),

7/16/2031,

Ser.

2018-1A,

Class

BR

a,c

275,837

CarVal

CLO,

Ltd.

300,000

8.982%, 

(TSFR3M

+

3.700%),

4/21/2034,

Ser.

2022-1A,

Class

D

a,c

301,880

Cascade

Funding

Mortgage

Trust,

LLC

218,972

4.250%, 

4/25/2033,

Ser.

2023-HB12,

Class

A

a,c

215,623

College

Avenue

Student

Loans,

LLC

59,880

7.114%, 

(TSFR1M

+

1.764%),

11/26/2046,

Ser.

2017-A,

Class

A1

a,c

60,383

FirstKey

Homes

Trust

650,000

1.968%, 

10/19/2037,

Ser.

2020-SFR2,

Class

D

a

618,360

GMAC

Mortgage

Corporation

Loan

Trust

10,922

5.964%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

c,d

5,871

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Asset-Backed

Securities

(4.2%)

-

continued

Hotwire

Funding,

LLC

$

425,000

5.893%, 

6/20/2054,

Ser.

2024-1A,

Class

A2

a

$

437,440

Madison

Park

Funding

XVIII,

Ltd.

650,000

7.444%, 

(TSFR3M

+

2.162%),

10/21/2030,

Ser.

2015-18A,

Class

CRR

a,c

650,506

MetroNet

Infrastructure

Issuer,

LLC

400,000

6.230%, 

4/20/2054,

Ser.

2024-1A,

Class

A2

a

410,176

Neuberger

Berman

CLO,

Ltd.

350,000

8.563%, 

(TSFR3M

+

3.262%),

10/15/2029,

Ser.

2013-15A,

Class

DR2

a,c

351,014

OZLM

VIII,

Ltd.

300,000

7.197%, 

(TSFR3M

+

1.912%),

10/17/2029,

Ser.

2014-8A,

Class

A2R3

a,c

300,252

Pagaya

AI

Debt

Grantor

Trust

and

Pagaya

AI

Debt

Trust

300,000

6.093%, 

11/15/2031,

Ser.

2024-6,

Class

A

a

300,889

Pagaya

AI

Debt

Trust

104,567

7.556%, 

7/15/2030,

Ser.

2023-1,

Class

A

a

104,911

Pagaya

AI

Technology

in

Housing

Trust

400,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

B

a

389,958

Pretium

Mortgage

Credit

Partners,

LLC

425,000

5.438%, 

1/25/2052,

Ser.

2022-NPL1,

Class

A2

a,b

400,116

225,800

7.021%, 

2/25/2054,

Ser.

2024-NPL2,

Class

A1

a,b

226,284

323,302

7.143%, 

3/25/2054,

Ser.

2024-RN1,

Class

A1

a,b

325,620

393,707

7.520%, 

4/27/2054,

Ser.

2024-NPL3,

Class

A1

a,b

397,173

226,176

3.844%, 

6/27/2060,

Ser.

2021-NPL2,

Class

A2

*,b

214,570

250,775

3.721%, 

7/25/2051,

Ser.

2021-NPL3,

Class

A2

a,b

240,192

500,000

6.996%, 

7/25/2054,

Ser.

2024-NPL4,

Class

A1

a,b

499,950

254,260

2.487%, 

10/25/2051,

Ser.

2021-NPL5,

Class

A1

a,b

256,141

Progress

Residential

Trust

550,000

3.600%, 

4/17/2039,

Ser.

2022-SFR3,

Class

B

a

525,317

RCO

VII

Mortgage,

LLC

338,789

7.021%, 

1/25/2029,

Ser.

2024-1,

Class

A1

a,b

339,712

Sculptor

CLO,

Ltd.

425,000

7.944%, 

(TSFR3M

+

2.662%),

1/20/2035,

Ser.

28A,

Class

C

a,c

425,448

Silver

Point

CLO

2,

Ltd.

500,000

7.982%, 

(TSFR3M

+

2.700%),

4/20/2035,

Ser.

2023-2A,

Class

A2

a,c

503,151

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

15

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Asset-Backed

Securities

(4.2%)

-

continued

Stanwich

Mortgage

Loan

Company,

LLC

$

375,760

2.735%, 

10/16/2026,

Ser.

2021-NPB1,

Class

A1

a,b

$

373,176

Stratus

Static

CLO,

Ltd.

500,000

7.182%, 

(TSFR3M

+

1.900%),

10/20/2031,

Ser.

2022-3A,

Class

BR

a,c

500,268

Symphony

CLO

XX,

Ltd.

500,000

8.286%, 

(TSFR3M

+

3.000%),

1/16/2032,

Ser.

2018-20A,

Class

DR2

a,c

500,004

Tricon

Residential

Trust

250,000

5.700%, 

6/20/2040,

Ser.

2024-SFR2,

Class

B

a

252,533

Unlock

HEA

Trust

325,388

7.000%, 

10/25/2038,

Ser.

2023-1,

Class

A

a

323,388

296,072

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

a

295,724

Upstart

Securitization

Trust

155,857

6.770%, 

6/20/2033,

Ser.

2023-2,

Class

A

a

156,342

Vericrest

Opportunity

Loan

Transferee

179,987

4.826%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A2

a,b

171,781

205,845

4.949%, 

2/27/2051,

Ser.

2021-NPL3,

Class

A2

a,b

197,546

357,095

4.826%, 

4/25/2051,

Ser.

2021-NPL6,

Class

A2

a,b

331,303

204,158

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

a,b

193,438

169,790

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

a,b

170,068

304,855

4.826%, 

5/25/2051,

Ser.

2021-NPL9,

Class

A2

a,b

280,042

250,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

a,b

226,959

Whitebox

CLO

I,

Ltd.

150,000

7.057%, 

(TSFR3M

+

2.000%),

7/24/2036,

Ser.

2019-1A,

Class

CRR

a,c

150,162

Whitebox

CLO

III,

Ltd.

300,000

7.763%, 

(TSFR3M

+

2.462%),

10/15/2034,

Ser.

2021-3A,

Class

C

a,c

301,260

Whitebox

CLO

IV,

Ltd.

500,000

7.882%, 

(TSFR3M

+

2.600%),

4/20/2036,

Ser.

2023-4A,

Class

B

a,c

504,391

Wind

River

CLO,

Ltd.

175,000

7.544%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

a,c

175,120

Total

17,459,560

Basic

Materials

(0.6%)

Alliance

Resource

Operating

Partners,

LP/Alliance

Resource

Finance

Corporation

23,000

8.625%, 

6/15/2029

a

24,180

ATI,

Inc.

56,000

7.250%, 

8/15/2030

58,549

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Basic

Materials

(0.6%)

-

continued

ATI,

Inc.,

Convertible

$

73,000

3.500%, 

6/15/2025

$

318,937

Cascades,

Inc./Cascades

USA,

Inc.

53,000

5.125%, 

1/15/2026

a

52,331

Chemours

Company

118,000

5.750%, 

11/15/2028

a

110,389

Cleveland-Cliffs,

Inc.

31,000

5.875%, 

6/1/2027

30,959

75,000

4.625%, 

3/1/2029

a

71,062

28,000

4.875%, 

3/1/2031

a

25,555

28,000

6.250%, 

10/1/2040

24,219

Consolidated

Energy

Finance

SA

161,000

5.625%, 

10/15/2028

a

128,676

Ecolab,

Inc.

51,000

2.125%, 

2/1/2032

43,060

First

Quantum

Minerals,

Ltd.

34,000

6.875%, 

10/15/2027

a

33,431

FMC

Corporation

41,000

5.150%, 

5/18/2026

41,049

FMG

Resources

August

2006,

Pty.

Ltd.

28,000

5.875%, 

4/15/2030

a

27,593

Glencore

Funding,

LLC

39,000

5.893%, 

4/4/2054

a

38,170

57,000

4.000%, 

3/27/2027

a

55,710

76,000

6.125%, 

10/6/2028

a

79,019

Hecla

Mining

Company

30,000

7.250%, 

2/15/2028

30,249

Hudbay

Minerals,

Inc.

47,000

4.500%, 

4/1/2026

a

45,962

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

32,000

9.000%, 

7/1/2028

a

32,105

INEOS

Finance

plc

84,000

7.500%, 

4/15/2029

a

85,506

International

Flavors

&

Fragrances,

Inc.

68,000

1.230%, 

10/1/2025

a

64,928

Mercer

International,

Inc.

32,000

5.125%, 

2/1/2029

e

27,122

Methanex

Corporation

42,000

4.250%, 

12/1/2024

41,662

41,000

5.125%, 

10/15/2027

39,920

27,000

5.250%, 

12/15/2029

e

26,277

Mineral

Resources,

Ltd.

44,000

9.250%, 

10/1/2028

a

46,792

Mosaic

Company

58,000

5.375%, 

11/15/2028

59,110

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

58,000

5.350%, 

3/15/2034

a

59,370

Novelis

Corporation

12,000

3.250%, 

11/15/2026

a

11,417

29,000

4.750%, 

1/30/2030

a

27,401

25,000

3.875%, 

8/15/2031

a

21,962

Nutrien,

Ltd.

77,000

4.000%, 

12/15/2026

75,426

OCI

NV

50,000

4.625%, 

10/15/2025

a

49,532

Peabody

Energy

Corporation,

Convertible

79,000

3.250%, 

3/1/2028

103,885

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

16

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Basic

Materials

(0.6%)

-

continued

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

$

56,000

5.375%, 

11/1/2026

a

$

54,716

Smurfit

Kappa

Treasury,

ULC

60,000

5.777%, 

4/3/2054

a

61,193

SNF

Group

SACA

65,000

3.375%, 

3/15/2030

a

55,927

SunCoke

Energy,

Inc.

67,000

4.875%, 

6/30/2029

a

61,275

Taseko

Mines,

Ltd.

56,000

8.250%, 

5/1/2030

a

57,420

Tronox,

Inc.

28,000

4.625%, 

3/15/2029

a,e

25,503

United

States

Steel

Corporation

37,000

6.875%, 

3/1/2029

37,226

Westlake

Corporation

37,000

3.600%, 

8/15/2026

36,075

Total

2,400,850

Capital

Goods

(1.2%)

Advanced

Drainage

Systems,

Inc.

57,000

6.375%, 

6/15/2030

a

57,382

AECOM

55,000

5.125%, 

3/15/2027

54,340

Amcor

Finance

USA,

Inc.

39,000

5.625%, 

5/26/2033

40,177

Amsted

Industries,

Inc.

37,000

5.625%, 

7/1/2027

a

36,405

35,000

4.625%, 

5/15/2030

a

32,251

Array

Technologies,

Inc.,

Convertible

93,000

1.000%, 

12/1/2028

75,443

Boeing

Company

39,000

6.858%, 

5/1/2054

a

41,287

118,000

5.930%, 

5/1/2060

108,529

106,000

4.875%, 

5/1/2025

105,251

136,000

2.196%, 

2/4/2026

129,432

56,000

3.250%, 

3/1/2028

52,113

18,000

5.150%, 

5/1/2030

17,726

20,000

6.528%, 

5/1/2034

a

20,995

Bombardier,

Inc.

9,000

7.875%, 

4/15/2027

a

9,014

55,000

6.000%, 

2/15/2028

a

54,842

50,000

7.250%, 

7/1/2031

a

51,473

79,000

7.000%, 

6/1/2032

a,e

80,775

Brand

Industrial

Services,

Inc.

62,000

10.375%, 

8/1/2030

a

68,084

Builders

FirstSource,

Inc.

35,000

5.000%, 

3/1/2030

a

33,487

Camelot

Return

Merger

Sub,

Inc.

42,000

8.750%, 

8/1/2028

a

41,757

Canpack

SA/Canpack

US,

LLC

112,000

3.875%, 

11/15/2029

a

100,505

Carrier

Global

Corporation

76,000

2.722%, 

2/15/2030

68,470

Chart

Industries,

Inc.

86,000

7.500%, 

1/1/2030

a

89,466

Chart

Industries,

Inc.,

Convertible

63,000

1.000%, 

11/15/2024

172,992

Clean

Harbors,

Inc.

55,000

6.375%, 

2/1/2031

a

55,623

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Capital

Goods

(1.2%)

-

continued

Clydesdale

Acquisition

Holdings,

Inc.

$

9,000

6.625%, 

4/15/2029

a

$

8,967

Crown

Cork

&

Seal

Company,

Inc.

61,000

7.375%, 

12/15/2026

63,564

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

139,000

6.625%, 

12/15/2030

a

141,609

EquipmentShare.com,

Inc.

29,000

8.625%, 

5/15/2032

a

30,109

ESAB

Corporation

52,000

6.250%, 

4/15/2029

a

52,735

Fluor

Corporation,

Convertible

172,000

1.125%, 

8/15/2029

a

210,614

GFL

Environmental,

Inc.

89,000

4.000%, 

8/1/2028

a

83,659

94,000

3.500%, 

9/1/2028

a

87,382

Greenbrier

Companies,

Inc.,

Convertible

107,000

2.875%, 

4/15/2028

116,196

H&E

Equipment

Services,

Inc.

121,000

3.875%, 

12/15/2028

a

110,562

Herc

Holdings,

Inc.

18,000

5.500%, 

7/15/2027

a

17,851

46,000

6.625%, 

6/15/2029

a

46,967

Honeywell

International,

Inc.

78,000

5.250%, 

3/1/2054

77,346

Howmet

Aerospace,

Inc.

63,000

6.750%, 

1/15/2028

66,365

Huntington

Ingalls

Industries,

Inc.

56,000

4.200%, 

5/1/2030

53,812

Ingersoll

Rand,

Inc.

65,000

5.176%, 

6/15/2029

66,186

20,000

5.700%, 

8/14/2033

20,968

John

Deere

Capital

Corporation

51,000

4.500%, 

1/16/2029

51,050

37,000

4.700%, 

6/10/2030

37,479

41,000

3.900%, 

6/7/2032

38,787

21,000

5.150%, 

9/8/2033

21,597

L3Harris

Technologies,

Inc.

42,000

5.400%, 

1/15/2027

42,602

Lockheed

Martin

Corporation

53,000

5.200%, 

2/15/2064

52,065

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

17,000

6.750%, 

4/1/2032

a

17,248

MIWD

Holdco

II,

LLC

70,000

5.500%, 

2/1/2030

a

65,387

Mueller

Water

Products,

Inc.

47,000

4.000%, 

6/15/2029

a

43,855

Nesco

Holdings

II,

Inc.

70,000

5.500%, 

4/15/2029

a

65,151

New

Enterprise

Stone

and

Lime

Company,

Inc.

115,000

5.250%, 

7/15/2028

a

110,444

Northrop

Grumman

Corporation

77,000

5.200%, 

6/1/2054

74,079

20,000

4.700%, 

3/15/2033

19,776

OI

European

Group

BV

57,000

4.750%, 

2/15/2030

a

52,423

Otis

Worldwide

Corporation

64,000

2.056%, 

4/5/2025

62,607

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

17

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Capital

Goods

(1.2%)

-

continued

Owens-Brockway

Glass

Container,

Inc.

$

45,000

6.625%, 

5/13/2027

a

$

45,044

23,000

7.375%, 

6/1/2032

a

22,717

Pactiv

Evergreen

Group

45,000

4.375%, 

10/15/2028

a

42,244

Parker-Hannifin

Corporation

42,000

4.250%, 

9/15/2027

41,424

Patrick

Industries,

Inc.,

Convertible

65,000

1.750%, 

12/1/2028

89,018

Republic

Services,

Inc.

37,000

3.950%, 

5/15/2028

36,203

42,000

5.000%, 

12/15/2033

42,218

Resideo

Funding,

Inc.

58,000

6.500%, 

7/15/2032

a

57,997

Reworld

Holding

Corporation

48,000

4.875%, 

12/1/2029

a

43,893

Roller

Bearing

Company

of

America,

Inc.

64,000

4.375%, 

10/15/2029

a

59,744

RTX

Corporation

60,000

5.750%, 

1/15/2029

62,658

Sealed

Air

Corporation/Sealed

Air

Corporation

(US)

44,000

6.125%, 

2/1/2028

a

44,304

Smyrna

Ready

Mix

Concrete,

LLC

77,000

8.875%, 

11/15/2031

a

82,979

Spirit

AeroSystems,

Inc.

83,000

9.750%, 

11/15/2030

a

92,503

SRM

Escrow

Issuer,

LLC

48,000

6.000%, 

11/1/2028

a

47,549

Standard

Industries,

Inc./NJ

28,000

4.750%, 

1/15/2028

a

26,826

28,000

3.375%, 

1/15/2031

a

23,953

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

22,000

7.250%, 

1/15/2031

a

22,940

Textron,

Inc.

56,000

3.650%, 

3/15/2027

54,395

Trane

Technologies

Financing,

Ltd.

64,000

5.100%, 

6/13/2034

65,121

TransDigm,

Inc.

57,000

5.500%, 

11/15/2027

56,285

93,000

7.125%, 

12/1/2031

a

96,524

78,000

6.625%, 

3/1/2032

a

79,780

Trivium

Packaging

Finance

41,000

5.500%, 

8/15/2026

a

40,158

United

Rentals

North

America,

Inc.

70,000

4.875%, 

1/15/2028

68,461

85,000

4.000%, 

7/15/2030

77,745

Veralto

Corporation

38,000

5.350%, 

9/18/2028

a

38,789

Waste

Connections,

Inc.

20,000

3.200%, 

6/1/2032

17,892

WESCO

Distribution,

Inc.

53,000

7.250%, 

6/15/2028

a

54,311

28,000

6.375%, 

3/15/2029

a

28,362

19,000

6.625%, 

3/15/2032

a

19,355

Total

5,188,653

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Collateralized

Mortgage

Obligations

(4.7%)

A&D

Mortgage

Trust

$

483,700

6.701%, 

4/25/2069,

Ser.

2024-NQM2,

Class

A2

a,b

$

488,145

524,215

6.733%, 

7/25/2068,

Ser.

2023-NQM3,

Class

A1

a,b

529,577

Banc

of

America

Alternative

Loan

Trust

232,297

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

204,580

Banc

of

America

Mortgage

Securities

Trust

24,084

5.111%, 

9/25/2035,

Ser.

2005-H,

Class

2A1

c

21,241

55,278

5.240%, 

9/25/2035,

Ser.

2005-H,

Class

3A1

c

51,363

CAFL

Issuer,

LLC

266,138

2.239%, 

3/28/2029,

Ser.

2021-RTL1,

Class

A1

a,b

259,987

CHL

Mortgage

Pass-Through

Trust

26,717

6.403%, 

12/20/2035,

Ser.

2005-HYB8,

Class

3A1

c

25,751

153,459

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

68,689

CHNGE

Mortgage

Trust

203,753

3.757%, 

3/25/2067,

Ser.

2022-2,

Class

A1

a,c

194,018

263,873

5.000%, 

5/25/2067,

Ser.

2022-3,

Class

A1

a,c

260,263

284,710

6.525%, 

6/25/2058,

Ser.

2023-2,

Class

A1

a,b

283,493

388,206

5.820%, 

6/25/2067,

Ser.

2022-NQM1,

Class

A3

a,b

390,317

280,514

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

a,b

281,105

434,499

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

a,b

433,842

CIM

Trust

420,635

7.100%, 

4/25/2058,

Ser.

2023-I1,

Class

A3

a,b

420,866

Citigroup

Mortgage

Loan

Trust,

Inc.

92,676

5.500%, 

8/25/2034,

Ser.

2004-NCM2,

Class

1CB1

89,348

149,169

5.227%, 

4/25/2037,

Ser.

2007-AR5,

Class

1A1A

c

131,028

COLT

Mortgage

Loan

Trust

328,765

6.328%, 

12/25/2068,

Ser.

2024-INV1,

Class

A2

a,b

329,593

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

242,455

4.688%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

c

195,076

Credit

Suisse

Mortgage

Trust

271,882

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

a,c

271,177

205,741

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

a,c

177,232

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

121,649

5.250%, 

6/25/2035,

Ser.

2005-3,

Class

4A6

109,698

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

18

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Collateralized

Mortgage

Obligations

(4.7%)

-

continued

Federal

Home

Loan

Mortgage

Corporation

$

344,256

3.500%, 

8/15/2035,

Ser.

345,

Class

C8

f

$

33,701

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

710,109

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

687,643

402,775

Zero

Coupon, 

9/25/2053,

Ser.

5334,

Class

BO

326,820

107,584

3.000%, 

5/15/2027,

Ser.

4046,

Class

GI

f

2,505

239,966

3.500%, 

10/15/2032,

Ser.

4119,

Class

KI

f

20,505

221,481

3.000%, 

4/15/2033,

Ser.

4203,

Class

DI

f

9,835

Federal

National

Mortgage

Association

-

REMIC

355,270

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

352,240

154,947

3.000%, 

7/25/2027,

Ser.

2012-73,

Class

DI

f

3,851

129,881

3.000%, 

7/25/2027,

Ser.

2012-74,

Class

AI

f

3,249

154,692

3.000%, 

8/25/2027,

Ser.

2012-95,

Class

HI

f

2,668

372,564

3.000%, 

11/25/2027,

Ser.

2012-121,

Class

BI

f

11,086

292,053

3.000%, 

12/25/2027,

Ser.

2012-139,

Class

DI

f

8,054

106,844

2.500%, 

1/25/2028,

Ser.

2012-152,

Class

AI

f

2,861

248,940

3.000%, 

1/25/2028,

Ser.

2012-147,

Class

EI

f

6,240

262,433

3.000%, 

3/25/2028,

Ser.

2013-18,

Class

IL

f

6,119

169,180

2.500%, 

6/25/2028,

Ser.

2013-87,

Class

IW

f

5,214

102,949

3.000%, 

11/25/2031,

Ser.

2013-69,

Class

IO

f

1,495

231,820

3.000%, 

2/25/2033,

Ser.

2013-1,

Class

YI

f

18,270

323,292

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

318,728

Flagstar

Mortgage

Trust

140,298

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

124,023

GCAT

Trust

225,409

6.500%, 

1/25/2054,

Ser.

2024-INV1,

Class

2A2

a,c

228,162

281,372

4.250%, 

5/25/2067,

Ser.

2023-NQM4,

Class

A2

a,c

262,988

332,397

5.730%, 

8/25/2067,

Ser.

2022-NQM4,

Class

A3

a,b

331,676

GMAC

Mortgage

Corporation

Loan

Trust

94,100

3.872%, 

5/25/2035,

Ser.

2005-AR2,

Class

4A

c

78,706

GMACM

Mortgage

Loan

Trust

46,882

3.653%, 

11/19/2035,

Ser.

2005-AR6,

Class

1A1

c

40,910

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Collateralized

Mortgage

Obligations

(4.7%)

-

continued

GS

Mortgage-Backed

Securities

Trust

$

589,285

5.500%, 

10/27/2053,

Ser.

2023-PJ3,

Class

A16

a,c

$

581,274

Home

RE,

Ltd.

350,000

9.947%, 

(SOFR30A

+

4.600%),

10/25/2033,

Ser.

2023-1,

Class

M1B

a,c

365,855

325,000

8.847%, 

(SOFR30A

+

3.500%),

10/25/2034,

Ser.

2022-1,

Class

M1B

a,c

330,982

IndyMac

INDA

Mortgage

Loan

Trust

467,897

3.826%, 

8/25/2036,

Ser.

2006-AR1,

Class

A1

c

361,302

J.P.

Morgan

Alternative

Loan

Trust

60,781

4.958%, 

3/25/2036,

Ser.

2006-A1,

Class

2A1

c

45,652

J.P.

Morgan

Mortgage

Trust

190,655

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

a,c

158,978

492,028

5.000%, 

10/25/2053,

Ser.

2023-3,

Class

A4A

a,c

482,850

72,529

5.174%, 

2/25/2036,

Ser.

2006-A1,

Class

2A2

c

50,896

LHOME

Mortgage

Trust

350,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

a,b

356,163

300,000

7.017%, 

1/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

303,544

500,000

7.128%, 

3/25/2029,

Ser.

2024-RTL2,

Class

A1

a,b

507,089

200,000

6.900%, 

5/25/2029,

Ser.

2024-RTL3,

Class

A1

a,b

202,634

500,000

5.921%, 

7/25/2039,

Ser.

2024-RTL4,

Class

A1

a,g

499,996

Merrill

Lynch

Alternative

Note

Asset

Trust

248,532

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

89,407

MFA

Trust

250,000

7.093%, 

2/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

251,276

Morgan

Stanley

Residential

Mortgage

Loan

Trust

468,627

6.500%, 

1/25/2054,

Ser.

2024-INV2,

Class

A1

a,c

474,351

MortgageIT

Securities

Corporation

Mortgage

Loan

Trust

553,536

5.924%, 

(TSFR1M

+

0.574%),

6/25/2047,

Ser.

2007-1,

Class

1A1

c

454,202

NYMT

Loan

Trust

250,000

7.154%, 

2/25/2029,

Ser.

2024-BPL1,

Class

A1

a,b

251,713

300,000

6.509%, 

5/25/2039,

Ser.

2024-BPL2,

Class

A1

a,b

303,620

Preston

Ridge

Partners

Mortgage

Trust,

LLC

330,636

4.000%, 

1/25/2054,

Ser.

2024-RCF1,

Class

A1

a,b

319,699

300,000

3.500%, 

5/25/2054,

Ser.

2024-RPL2,

Class

A2

a,b

276,527

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

19

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Collateralized

Mortgage

Obligations

(4.7%)

-

continued

$

285,381

7.026%, 

3/25/2029,

Ser.

2024-2,

Class

A1

a,b

$

288,201

PRKCM

Trust

392,693

7.087%, 

6/25/2058,

Ser.

2023-AFC2,

Class

A3

a

395,943

313,742

7.627%, 

11/25/2058,

Ser.

2023-AFC4,

Class

A2

a,b

321,856

RCKT

Mortgage

Trust

246,439

6.147%, 

6/25/2044,

Ser.

2024-CES4,

Class

A1A

a,b

249,152

Residential

Accredit

Loans,

Inc.

Trust

74,175

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

64,933

61,241

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

48,977

Residential

Asset

Securitization

Trust

92,421

4.980%, 

1/25/2034,

Ser.

2004-IP1,

Class

A1

c

87,117

Residential

Funding

Mortgage

Security

I

Trust

143,407

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

112,092

ROC

Securities

Trust

Series

282,401

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

281,664

Saluda

Grade

Alternative

Mortgage

Trust

300,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

a,b

303,712

650,000

7.439%, 

7/25/2030,

Ser.

2024-RTL6,

Class

A1

a,b

654,897

Structured

Adjustable

Rate

Mortgage

Loan

Trust

47,883

5.243%, 

7/25/2035,

Ser.

2005-15,

Class

4A1

c

40,398

Toorak

Mortgage

Trust

400,000

7.333%, 

2/25/2031,

Ser.

2024-1,

Class

A1

a,b

402,390

Triangle

Re,

Ltd.

450,000

8.747%, 

(SOFR30A

+

3.400%),

11/25/2033,

Ser.

2023-1,

Class

M1A

a,c

458,854

TVC

Mortgage

Trust

300,000

8.250%, 

11/25/2027,

Ser.

2023-RTL1,

Class

A1

a,b

302,958

Verus

Securitization

Trust

253,728

2.491%, 

11/25/2066,

Ser.

2021-8,

Class

A3

a,c

221,414

514,099

6.560%, 

12/25/2067,

Ser.

2023-1,

Class

A2

a,b

515,525

Total

19,522,031

Commercial

Mortgage-Backed

Securities

(0.4%)

BANK5

2023-5YR1

475,000

6.411%, 

4/15/2056,

Ser.

2023-5YR1,

Class

AS

c

488,143

BBCMS

Mortgage

Trust

2,241,021

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

c,f

165,477

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Commercial

Mortgage-Backed

Securities

(0.4%)

-

continued

Silver

Hill

Trust

$

30,662

3.102%, 

11/25/2049,

Ser.

2019-1,

Class

A1

a,c

$

29,536

Velocity

Commercial

Capital

Loan

Trust

311,365

6.550%, 

1/25/2054,

Ser.

2024-1,

Class

A

a,c

315,010

297,442

6.650%, 

6/25/2054,

Ser.

2024-3,

Class

A

a,c

301,801

381,428

7.670%, 

11/25/2053,

Ser.

2023-4,

Class

A

a,c

395,680

Total

1,695,647

Communications

Services

(1.4%)

AMC

Networks,

Inc.

14,000

10.250%, 

1/15/2029

a

13,834

AMC

Networks,

Inc.,

Convertible

20,000

4.250%, 

2/15/2029

a

21,060

American

Tower

Corporation

75,000

4.400%, 

2/15/2026

74,396

40,000

1.450%, 

9/15/2026

37,241

62,000

5.500%, 

3/15/2028

63,339

40,000

5.800%, 

11/15/2028

41,497

56,000

3.800%, 

8/15/2029

53,337

AT&T,

Inc.

198,000

3.550%, 

9/15/2055

137,248

118,000

4.300%, 

2/15/2030

115,401

40,000

5.400%, 

2/15/2034

40,865

Bell

Telephone

Company

of

Canada

83,000

5.550%, 

2/15/2054

82,837

39,000

5.100%, 

5/11/2033

39,126

Cable

One,

Inc.,

Convertible

54,000

1.125%, 

3/15/2028

40,613

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

195,000

5.125%, 

5/1/2027

a

189,397

48,000

5.000%, 

2/1/2028

a

45,697

46,000

5.375%, 

6/1/2029

a

43,004

38,000

6.375%, 

9/1/2029

a

36,999

56,000

4.250%, 

2/1/2031

a

47,648

203,000

4.750%, 

2/1/2032

a

173,606

57,000

4.250%, 

1/15/2034

a

45,029

CenterPoint

Energy,

Inc.,

Convertible

3,576

3.369%, 

9/15/2029

141,109

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

36,000

6.150%, 

11/10/2026

36,688

56,000

5.050%, 

3/30/2029

54,948

63,000

6.550%, 

6/1/2034

64,621

Cimpress

plc

32,000

7.000%, 

6/15/2026

32,006

Clear

Channel

Outdoor

Holdings,

Inc.

14,000

7.875%, 

4/1/2030

a

14,248

Clear

Channel

Worldwide

Holdings,

Inc.

115,000

5.125%, 

8/15/2027

a

111,393

Comcast

Corporation

117,000

5.650%, 

6/1/2054

119,304

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

20

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Communications

Services

(1.4%)

-

continued

$

138,000

3.400%, 

4/1/2030

$

129,423

Crown

Castle,

Inc.

62,000

2.900%, 

3/15/2027

58,965

Deutsche

Telekom

International

Finance

BV

132,000

8.750%, 

6/15/2030

156,840

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

188,000

5.875%, 

8/15/2027

a

181,035

Frontier

Communications

Holdings,

LLC

110,000

5.875%, 

10/15/2027

a

108,918

39,000

8.750%, 

5/15/2030

a

40,858

28,000

8.625%, 

3/15/2031

a

29,327

GCI,

LLC

95,000

4.750%, 

10/15/2028

a

88,188

Gray

Television,

Inc.

62,000

7.000%, 

5/15/2027

a,e

60,011

79,000

10.500%, 

7/15/2029

a

82,437

Iliad

Holding

SASU

41,000

6.500%, 

10/15/2026

a,e

41,085

74,000

8.500%, 

4/15/2031

a

77,095

Intelsat

Jackson

Holdings

SA

72,000

6.500%, 

3/15/2030

a

68,495

Lamar

Media

Corporation

38,000

3.625%, 

1/15/2031

33,765

LCPR

Senior

Secured

Financing

DAC

112,000

6.750%, 

10/15/2027

a

104,378

Level

3

Financing,

Inc.

27,212

10.500%, 

4/15/2029

a,e

27,892

27,212

11.000%, 

11/15/2029

a

28,808

34,000

10.500%, 

5/15/2030

a,e

34,748

McGraw-Hill

Education,

Inc.

83,000

5.750%, 

8/1/2028

a

79,941

Meta

Platforms,

Inc.

41,000

3.850%, 

8/15/2032

38,892

News

Corporation

46,000

3.875%, 

5/15/2029

a

42,588

Nexstar

Media,

Inc.

34,000

5.625%, 

7/15/2027

a

32,975

28,000

4.750%, 

11/1/2028

a,e

25,762

Optics

Bidco

SPA

66,000

6.000%, 

9/30/2034

a

62,370

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

34,000

4.625%, 

3/15/2030

a

31,240

Paramount

Global

99,000

6.375%, 

3/30/2062

c

90,894

Playtika

Holding

Corporation

55,000

4.250%, 

3/15/2029

a

48,868

Rogers

Communications,

Inc.

45,000

5.250%, 

3/15/2082

a,c

43,560

59,000

5.000%, 

2/15/2029

59,194

96,000

5.300%, 

2/15/2034

96,218

Scripps

Escrow

II,

Inc.

27,000

3.875%, 

1/15/2029

a

17,565

Sinclair

Television

Group,

Inc.

26,000

4.125%, 

12/1/2030

a,e

18,072

Sirius

XM

Radio,

Inc.

125,000

5.000%, 

8/1/2027

a

120,954

40,000

4.000%, 

7/15/2028

a

36,710

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Communications

Services

(1.4%)

-

continued

Sprint

Capital

Corporation

$

124,000

6.875%, 

11/15/2028

$

132,947

60,000

8.750%, 

3/15/2032

72,955

Take-Two

Interactive

Software,

Inc.

51,000

5.600%, 

6/12/2034

51,979

TEGNA,

Inc.

28,000

4.750%, 

3/15/2026

a

27,569

87,000

4.625%, 

3/15/2028

79,817

Telecom

Italia

Capital

SA

4,000

6.000%, 

9/30/2034

3,765

T-Mobile

USA,

Inc.

39,000

5.500%, 

1/15/2055

38,533

75,000

3.375%, 

4/15/2029

70,295

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

84,000

4.750%, 

4/15/2028

a

72,545

Univision

Communications,

Inc.

11,000

8.000%, 

8/15/2028

a

11,054

92,000

4.500%, 

5/1/2029

a

80,359

42,000

7.375%, 

6/30/2030

a

40,437

Urban

One,

Inc.

17,000

7.375%, 

2/1/2028

a

12,975

Verizon

Communications,

Inc.

45,000

5.500%, 

2/23/2054

45,119

75,000

2.100%, 

3/22/2028

68,745

56,000

3.150%, 

3/22/2030

51,642

93,000

2.355%, 

3/15/2032

77,802

Viasat,

Inc.

45,000

6.500%, 

7/15/2028

a,e

36,634

Virgin

Media

Finance

plc

33,000

5.000%, 

7/15/2030

a

27,810

Virgin

Media

Secured

Finance

plc

71,000

5.500%, 

5/15/2029

a

66,126

VMED

O2

UK

Financing

I

plc

33,000

4.750%, 

7/15/2031

a

28,332

29,000

7.750%, 

4/15/2032

a

28,986

Vodafone

Group

plc

42,000

5.125%, 

6/4/2081

c

31,557

65,000

5.750%, 

6/28/2054

64,508

37,000

5.875%, 

6/28/2064

36,506

54,000

7.000%, 

4/4/2079

c

55,902

VZ

Secured

Financing

BV

89,000

5.000%, 

1/15/2032

a

77,989

Walt

Disney

Company

38,000

3.800%, 

3/22/2030

36,605

Warnermedia

Holdings,

Inc.

101,000

4.054%, 

3/15/2029

93,576

Windstream

Escrow,

LLC/

Windstream

Escrow

Finance

Corporation

30,000

7.750%, 

8/15/2028

a

28,938

Zegona

Finance

plc

52,000

8.625%, 

7/15/2029

a

53,047

Ziggo

Bond

Company

BV

33,000

5.125%, 

2/28/2030

a,e

29,140

Ziggo

BV

30,000

4.875%, 

1/15/2030

a

27,312

Total

5,776,068

Consumer

Cyclical

(2.1%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

130,000

4.375%, 

1/15/2028

a

123,615

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

21

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Cyclical

(2.1%)

-

continued

Adient

Global

Holdings,

Ltd.

$

44,000

8.250%, 

4/15/2031

a,e

$

46,261

Alimentation

Couche-Tard,

Inc.

64,000

5.617%, 

2/12/2054

a

64,815

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

2,000

6.625%, 

7/15/2026

a

2,003

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

105,000

4.625%, 

6/1/2028

a

96,936

45,000

4.625%, 

6/1/2028

a

41,478

Allison

Transmission,

Inc.

47,000

3.750%, 

1/30/2031

a

41,832

Amazon.com,

Inc.

37,000

1.500%, 

6/3/2030

31,539

76,000

4.700%, 

12/1/2032

76,959

American

Axle

&

Manufacturing,

Inc.

27,000

6.875%, 

7/1/2028

27,006

78,000

5.000%, 

10/1/2029

e

71,540

American

Honda

Finance

Corporation

59,000

5.650%, 

11/15/2028

61,387

85,000

5.050%, 

7/10/2031

86,072

60,000

4.900%, 

1/10/2034

59,680

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

15,000

7.000%, 

4/15/2030

a,e

12,722

Arko

Corporation

40,000

5.125%, 

11/15/2029

a

34,895

Asbury

Automotive

Group,

Inc.

47,000

5.000%, 

2/15/2032

a

43,312

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

40,000

4.625%, 

8/1/2029

a

36,932

31,000

4.625%, 

4/1/2030

a

28,299

Aston

Martin

Capital

Holdings,

Ltd.

35,000

10.000%, 

3/31/2029

a

35,141

Beazer

Homes

USA,

Inc.

47,000

7.500%, 

3/15/2031

a

47,693

Best

Buy

Company,

Inc.

37,000

1.950%, 

10/1/2030

31,538

Booking

Holdings,

Inc.,

Convertible

73,000

0.750%, 

5/1/2025

143,765

Boyd

Gaming

Corporation

65,000

4.750%, 

6/15/2031

a

59,873

Boyne

USA,

Inc.

45,000

4.750%, 

5/15/2029

a

42,616

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

42,000

4.875%, 

2/15/2030

a

38,503

Burlington

Stores,

Inc.,

Convertible

101,000

2.250%, 

4/15/2025

e

125,189

44,000

1.250%, 

12/15/2027

a

61,094

Caesars

Entertainment,

Inc.

180,000

4.625%, 

10/15/2029

a,e

167,232

33,000

6.500%, 

2/15/2032

a

33,435

Carnival

Corporation

79,000

7.625%, 

3/1/2026

a

79,764

110,000

5.750%, 

3/1/2027

a

109,452

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Cyclical

(2.1%)

-

continued

$

66,000

4.000%, 

8/1/2028

a

$

62,446

56,000

6.000%, 

5/1/2029

a,e

55,864

Cedar

Fair,

LP/Canada's

Wonderland

Company/Magnum

Management

Corporation/

Millennium

Operations,

LLC

14,000

5.375%, 

4/15/2027

13,961

65,000

5.250%, 

7/15/2029

63,299

Choice

Hotels

International,

Inc.

31,000

3.700%, 

12/1/2029

e

28,462

Churchill

Downs,

Inc.

40,000

4.750%, 

1/15/2028

a

38,620

34,000

6.750%, 

5/1/2031

a

34,529

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

100,000

6.750%, 

5/15/2028

a

101,832

Crocs,

Inc.

28,000

4.250%, 

3/15/2029

a

25,830

Cushman

&

Wakefield

US

Borrower,

LLC

14,000

6.750%, 

5/15/2028

a

14,028

D.R.

Horton,

Inc.

13,000

2.600%, 

10/15/2025

12,626

Dana,

Inc.

27,000

5.625%, 

6/15/2028

26,313

42,000

4.250%, 

9/1/2030

37,089

40,000

4.500%, 

2/15/2032

34,949

eG

Global

Finance

plc

14,000

12.000%, 

11/30/2028

a

14,991

Expedia

Group,

Inc.

65,000

3.250%, 

2/15/2030

59,856

Expedia

Group,

Inc.,

Convertible

101,000

Zero

Coupon, 

2/15/2026

93,319

Ford

Motor

Company,

Convertible

225,000

Zero

Coupon, 

3/15/2026

218,137

Ford

Motor

Credit

Company,

LLC

71,000

2.900%, 

2/10/2029

63,652

67,000

7.122%, 

11/7/2033

71,548

Forestar

Group,

Inc.

28,000

3.850%, 

5/15/2026

a

27,075

Gap,

Inc.

20,000

3.625%, 

10/1/2029

a

17,482

Garrett

Motion

Holdings,

Inc./

Garrett

LX

I

SARL

40,000

7.750%, 

5/31/2032

a

40,673

General

Motors

Financial

Company,

Inc.

47,000

1.200%, 

10/15/2024

46,569

139,000

2.900%, 

2/26/2025

136,915

29,000

2.750%, 

6/20/2025

28,328

64,000

5.800%, 

6/23/2028

65,702

47,000

5.800%, 

1/7/2029

48,337

27,000

5.750%, 

2/8/2031

27,628

90,000

5.950%, 

4/4/2034

91,728

GoDaddy

Operating

Company,

LLC/GD

Finance

Company,

Inc.

27,000

3.500%, 

3/1/2029

a

24,549

Goodyear

Tire

&

Rubber

Company

27,000

4.875%, 

3/15/2027

26,335

45,000

5.000%, 

7/15/2029

e

42,471

Hanesbrands,

Inc.

31,000

4.875%, 

5/15/2026

a

30,362

31,000

9.000%, 

2/15/2031

a,e

32,810

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

22

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Cyclical

(2.1%)

-

continued

Harley-Davidson

Financial

Services,

Inc.

$

59,000

5.950%, 

6/11/2029

a

$

59,918

Hilton

Domestic

Operating

Company,

Inc.

125,000

4.875%, 

1/15/2030

120,856

14,000

4.000%, 

5/1/2031

a

12,681

80,000

3.625%, 

2/15/2032

a

70,068

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

97,000

5.000%, 

6/1/2029

a

91,235

Home

Depot,

Inc.

36,000

5.300%, 

6/25/2054

35,824

36,000

5.400%, 

6/25/2064

36,063

61,000

3.250%, 

4/15/2032

55,529

Hyundai

Capital

America

30,000

5.500%, 

3/30/2026

a

30,196

56,000

3.000%, 

2/10/2027

a,e

53,461

39,000

6.500%, 

1/16/2029

a

41,250

International

Game

Technology

plc

111,000

5.250%, 

1/15/2029

a

108,837

Jacobs

Entertainment,

Inc.

35,000

6.750%, 

2/15/2029

a

32,719

Jaguar

Land

Rover

Automotive

plc

33,000

5.500%, 

7/15/2029

a

32,273

KB

Home

55,000

4.800%, 

11/15/2029

52,680

L

Brands,

Inc.

135,000

6.625%, 

10/1/2030

a

136,282

20,000

6.875%, 

11/1/2035

20,263

Las

Vegas

Sands

Corporation

40,000

5.900%, 

6/1/2027

40,635

Light

&

Wonder

International,

Inc.

100,000

7.250%, 

11/15/2029

a

102,901

Live

Nation

Entertainment,

Inc.

30,000

4.750%, 

10/15/2027

a,e

29,089

Live

Nation

Entertainment,

Inc.,

Convertible

65,000

2.000%, 

2/15/2025

e

67,749

189,000

3.125%, 

1/15/2029

e

214,099

Lowe's

Companies,

Inc.

93,000

4.500%, 

4/15/2030

92,044

Macy's

Retail

Holdings,

LLC

55,000

5.875%, 

4/1/2029

a,e

53,719

27,000

6.125%, 

3/15/2032

a,e

25,768

Marriott

International,

Inc./MD

42,000

4.900%, 

4/15/2029

42,261

57,000

4.625%, 

6/15/2030

56,543

Marriott

Vacations

Worldwide

Corporation,

Convertible

117,000

Zero

Coupon, 

1/15/2026

107,137

156,000

3.250%, 

12/15/2027

142,818

Mattamy

Group

Corporation

51,000

5.250%, 

12/15/2027

a

49,873

McDonald's

Corporation

39,000

4.950%, 

8/14/2033

39,353

Melco

Resorts

Finance,

Ltd.

75,000

5.375%, 

12/4/2029

a

67,443

70,000

7.625%, 

4/17/2032

a

69,648

Meritage

Homes

Corporation,

Convertible

67,000

1.750%, 

5/15/2028

a

73,888

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Cyclical

(2.1%)

-

continued

Michaels

Companies,

Inc.

$

40,000

5.250%, 

5/1/2028

a

$

29,589

NCL

Corporation,

Ltd.

32,000

5.875%, 

3/15/2026

a

31,857

73,000

5.875%, 

2/15/2027

a

72,471

Nordstrom,

Inc.

27,000

4.375%, 

4/1/2030

24,548

38,000

4.250%, 

8/1/2031

33,819

PENN

Entertainment,

Inc.

70,000

4.125%, 

7/1/2029

a,e

61,949

PetSmart,

Inc./PetSmart

Finance

Corporation

120,000

4.750%, 

2/15/2028

a

112,744

56,000

7.750%, 

2/15/2029

a

54,352

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

88,000

5.750%, 

4/15/2026

a

87,932

186,000

6.250%, 

1/15/2028

a

185,389

QVC,

Inc.

17,000

4.375%, 

9/1/2028

e

13,005

Rakuten

Group,

Inc.

41,000

11.250%, 

2/15/2027

a

44,299

47,000

9.750%, 

4/15/2029

a

49,757

Royal

Caribbean

Cruises,

Ltd.

153,000

4.250%, 

7/1/2026

a

149,014

48,000

9.250%, 

1/15/2029

a

51,308

25,000

7.250%, 

1/15/2030

a

26,202

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

20,000

6.625%, 

3/1/2030

a

19,560

SeaWorld

Parks

and

Entertainment,

Inc.

65,000

5.250%, 

8/15/2029

a

61,916

Service

Corporation

International/

US

27,000

3.375%, 

8/15/2030

23,889

Six

Flags

Entertainment

Corporation

14,000

7.250%, 

5/15/2031

a,e

14,433

Six

Flags

Entertainment

Corporation/Six

Flags

Theme

Parks,

Inc.

14,000

6.625%, 

5/1/2032

a

14,376

Six

Flags

Theme

Parks,

Inc.

13,000

7.000%, 

7/1/2025

a

13,005

Sonic

Automotive,

Inc.

35,000

4.875%, 

11/15/2031

a

31,257

Staples,

Inc.

57,000

10.750%, 

9/1/2029

a

55,214

Station

Casinos,

LLC

47,000

4.625%, 

12/1/2031

a

42,831

Target

Corporation

80,000

2.350%, 

2/15/2030

71,683

Tenneco,

Inc.

88,000

8.000%, 

11/17/2028

a

79,865

Toyota

Motor

Credit

Corporation

39,000

5.550%, 

11/20/2030

40,935

39,000

4.800%, 

1/5/2034

38,814

Tractor

Supply

Company

40,000

5.250%, 

5/15/2033

40,490

Uber

Technologies,

Inc.,

Convertible

103,000

Zero

Coupon, 

12/15/2025

106,090

171,000

0.875%, 

12/1/2028

a

190,579

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

23

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Cyclical

(2.1%)

-

continued

Vail

Resorts,

Inc.,

Convertible

$

181,000

Zero

Coupon, 

1/1/2026

$

166,633

VICI

Properties,

LP/VICI

Note

Company,

Inc.

140,000

5.750%, 

2/1/2027

a

140,979

Victoria's

Secret

&

Company

64,000

4.625%, 

7/15/2029

a,e

53,091

Viking

Cruises,

Ltd.

139,000

5.875%, 

9/15/2027

a

138,166

Volkswagen

Group

of

America

Finance,

LLC

14,000

3.350%, 

5/13/2025

a

13,779

Wabash

National

Corporation

43,000

4.500%, 

10/15/2028

a

39,041

Walgreens

Boots

Alliance,

Inc.

48,000

3.200%, 

4/15/2030

e

39,580

21,000

4.800%, 

11/18/2044

e

15,745

WASH

Multifamily

Acquisition,

Inc.

42,000

5.750%, 

4/15/2026

a

41,333

Wyndham

Hotels

&

Resorts,

Inc.

72,000

4.375%, 

8/15/2028

a

67,935

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

65,000

7.125%, 

2/15/2031

a

67,760

Yum!

Brands,

Inc.

110,000

4.750%, 

1/15/2030

a

106,005

ZF

North

America

Capital,

Inc.

47,000

7.125%, 

4/14/2030

a

48,788

Total

8,798,003

Consumer

Non-Cyclical

(2.0%)

1375209

B.C.,

Ltd.

27,000

9.000%, 

1/30/2028

a,e

25,598

AbbVie,

Inc.

98,000

5.500%, 

3/15/2064

99,117

59,000

5.350%, 

3/15/2044

59,966

AdaptHealth,

LLC

118,000

4.625%, 

8/1/2029

a

105,331

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

88,000

4.625%, 

1/15/2027

a

85,796

91,000

3.500%, 

3/15/2029

a

82,905

Altria

Group,

Inc.

39,000

6.200%, 

11/1/2028

41,108

Amgen,

Inc.

57,000

5.150%, 

3/2/2028

57,778

Anheuser-Busch

InBev

Worldwide,

Inc.

75,000

4.750%, 

1/23/2029

75,743

117,000

5.000%, 

6/15/2034

118,653

Archer-Daniels-Midland

Company

40,000

4.500%, 

8/15/2033

38,926

AstraZeneca

Finance,

LLC

87,000

1.750%, 

5/28/2028

78,699

58,000

5.000%, 

2/26/2034

59,012

B&G

Foods,

Inc.

56,000

8.000%, 

9/15/2028

a

57,101

BAT

Capital

Corporation

44,000

6.343%, 

8/2/2030

46,834

25,000

5.834%, 

2/20/2031

25,935

40,000

7.750%, 

10/19/2032

46,127

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Non-Cyclical

(2.0%)

-

continued

Bausch

+

Lomb

Corporation

$

16,000

8.375%, 

10/1/2028

a

$

16,439

Bausch

Health

Companies,

Inc.

45,000

5.500%, 

11/1/2025

a,e

42,147

100,000

4.875%, 

6/1/2028

a,e

77,010

Becton,

Dickinson

and

Company

44,000

4.693%, 

2/13/2028

44,010

56,000

2.823%, 

5/20/2030

50,559

BellRing

Brands,

Inc.

48,000

7.000%, 

3/15/2030

a

49,465

BioMarin

Pharmaceutical,

Inc.,

Convertible

137,000

1.250%, 

5/15/2027

e

131,931

Bio-Rad

Laboratories,

Inc.

62,000

3.300%, 

3/15/2027

59,424

Bristol-Myers

Squibb

Company

78,000

5.550%, 

2/22/2054

79,023

39,000

5.750%, 

2/1/2031

41,329

19,000

5.900%, 

11/15/2033

20,430

Campbell

Soup

Company

124,000

5.400%, 

3/21/2034

126,184

Cargill,

Inc.

84,000

2.125%, 

11/10/2031

a

70,412

Catalent

Pharma

Solutions,

Inc.

33,000

3.125%, 

2/15/2029

a

31,861

Central

Garden

&

Pet

Company

64,000

4.125%, 

10/15/2030

e

57,826

Charles

River

Laboratories

International,

Inc.

33,000

4.000%, 

3/15/2031

a

29,985

Chefs'

Warehouse,

Inc.,

Convertible

75,000

2.375%, 

12/15/2028

e

86,857

Cheplapharm

Arzneimittel

GmbH

10,000

5.500%, 

1/15/2028

a

9,350

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

53,000

4.625%, 

11/15/2028

a

50,575

CHS/Community

Health

Systems,

Inc.

63,000

5.625%, 

3/15/2027

a

60,326

22,000

8.000%, 

12/15/2027

a

22,014

83,000

6.000%, 

1/15/2029

a

77,062

52,000

5.250%, 

5/15/2030

a

45,348

36,000

4.750%, 

2/15/2031

a

29,610

40,000

10.875%, 

1/15/2032

a

42,999

Cigna

Group

39,000

5.600%, 

2/15/2054

38,450

49,000

2.400%, 

3/15/2030

43,429

Coca-Cola

Company

39,000

5.300%, 

5/13/2054

39,685

Concentra

Escrow

Issuer

Corporation

14,000

6.875%, 

7/15/2032

a

14,424

Constellation

Brands,

Inc.

39,000

4.800%, 

1/15/2029

39,092

75,000

3.150%, 

8/1/2029

69,547

27,000

4.900%, 

5/1/2033

26,645

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

76,000

4.750%, 

1/15/2029

a

72,717

56,000

6.625%, 

7/15/2030

a

57,503

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

24

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Non-Cyclical

(2.0%)

-

continued

CVS

Health

Corporation

$

78,000

6.050%, 

6/1/2054

$

78,438

43,000

5.000%, 

2/20/2026

42,994

30,000

4.300%, 

3/25/2028

29,412

40,000

5.300%, 

6/1/2033

39,929

117,000

4.780%, 

3/25/2038

107,469

125,000

6.000%, 

6/1/2044

125,645

Diageo

Capital

plc

42,000

2.000%, 

4/29/2030

36,647

70,000

5.625%, 

10/5/2033

74,237

Edgewell

Personal

Care

Company

50,000

5.500%, 

6/1/2028

a

49,014

Eli

Lilly

&

Company

78,000

5.000%, 

2/9/2054

76,033

80,000

4.700%, 

2/27/2033

80,358

Embecta

Corporation

21,000

6.750%, 

2/15/2030

a

18,725

Encompass

Health

Corporation

140,000

4.500%, 

2/1/2028

135,350

Endo

Finance

Holdings,

Inc.

27,000

8.500%, 

4/15/2031

a,e

28,456

Energizer

Holdings,

Inc.

40,000

4.750%, 

6/15/2028

a

37,943

70,000

4.375%, 

3/31/2029

a

64,629

Envista

Holdings

Corporation,

Convertible

50,000

1.750%, 

8/15/2028

a,e

42,965

Fortrea

Holdings,

Inc.

22,000

7.500%, 

7/1/2030

a,e

22,315

GE

HealthCare

Technologies,

Inc.

58,000

6.377%, 

11/22/2052

h

64,573

General

Mills,

Inc.

16,000

4.950%, 

3/29/2033

15,948

Gilead

Sciences,

Inc.

44,000

5.250%, 

10/15/2033

45,239

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

27,000

7.875%, 

9/1/2025

a,e

26,824

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

50,000

4.875%, 

6/1/2029

a

34,000

Integer

Holdings

Corporation,

Convertible

146,000

2.125%, 

2/15/2028

212,722

Jazz

Investments

I,

Ltd.,

Convertible

255,000

2.000%, 

6/15/2026

249,078

Jazz

Securities

DAC

21,000

4.375%, 

1/15/2029

a

19,722

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Company/JBS

Lux

Company

SARL

105,000

2.500%, 

1/15/2027

98,541

47,000

3.625%, 

1/15/2032

41,073

Johnson

&

Johnson

78,000

5.250%, 

6/1/2054

80,530

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

27,000

9.000%, 

2/15/2029

a

27,709

Kenvue,

Inc.

21,000

5.000%, 

3/22/2030

21,512

Keurig

Dr

Pepper,

Inc.

69,000

3.200%, 

5/1/2030

63,554

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Non-Cyclical

(2.0%)

-

continued

$

76,000

5.300%, 

3/15/2034

$

77,334

Kraft

Heinz

Foods

Company

41,000

6.750%, 

3/15/2032

45,509

Kroger

Company

37,000

4.500%, 

1/15/2029

36,885

Legacy

LifePoint

Health,

LLC

34,000

4.375%, 

2/15/2027

a

32,865

LifePoint

Health,

Inc.

53,000

9.875%, 

8/15/2030

a

57,760

33,000

11.000%, 

10/15/2030

a

37,038

Mattel,

Inc.

122,000

3.375%, 

4/1/2026

a

118,066

McKesson

Corporation

125,000

1.300%, 

8/15/2026

116,706

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

62,000

6.250%, 

4/1/2029

a

63,261

Medtronic

Global

Holdings

SCA

41,000

4.500%, 

3/30/2033

40,317

Mozart

Debt

Merger

Sub,

Inc.

92,000

3.875%, 

4/1/2029

a

85,856

46,000

5.250%, 

10/1/2029

a

44,463

MPH

Acquisition

Holdings,

LLC

27,000

5.500%, 

9/1/2028

a

21,077

Newell

Brands,

Inc.

28,000

6.375%, 

9/15/2027

e

27,968

28,000

6.625%, 

9/15/2029

28,092

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

39,000

4.125%, 

4/30/2028

a

36,641

109,000

5.125%, 

4/30/2031

a

100,312

Owens

&

Minor,

Inc.

49,000

6.625%, 

4/1/2030

a,e

45,772

PepsiCo,

Inc.

74,000

5.250%, 

7/17/2054

75,098

Performance

Food

Group,

Inc.

41,000

4.250%, 

8/1/2029

a

37,973

Perrigo

Finance

Unlimited

Company

46,000

4.900%, 

6/15/2030

43,419

Philip

Morris

International,

Inc.

80,000

4.875%, 

2/15/2028

80,558

40,000

5.625%, 

11/17/2029

41,777

39,000

5.125%, 

2/13/2031

39,551

40,000

5.750%, 

11/17/2032

41,857

59,000

5.250%, 

2/13/2034

59,452

Post

Holdings,

Inc.

41,000

4.625%, 

4/15/2030

a

38,196

51,000

4.500%, 

9/15/2031

a

46,380

Post

Holdings,

Inc.,

Convertible

146,000

2.500%, 

8/15/2027

165,929

Primo

Water

Holdings,

Inc.

57,000

4.375%, 

4/30/2029

a

53,080

Procter

&

Gamble

Company

38,000

1.200%, 

10/29/2030

31,685

Roche

Holdings,

Inc.

57,000

5.218%, 

3/8/2054

a,e

57,738

42,000

1.930%, 

12/13/2028

a

37,860

59,000

2.076%, 

12/13/2031

a

49,542

Royalty

Pharma

plc

87,000

1.200%, 

9/2/2025

83,279

53,000

5.150%, 

9/2/2029

53,360

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

25

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Consumer

Non-Cyclical

(2.0%)

-

continued

Scotts

Miracle-Gro

Company

$

32,000

4.500%, 

10/15/2029

$

29,767

Simmons

Foods,

Inc.

109,000

4.625%, 

3/1/2029

a

98,087

Sotera

Health

Holdings,

LLC

29,000

7.375%, 

6/1/2031

a

29,581

Spectrum

Brands,

Inc.

6,000

3.875%, 

3/15/2031

a,e

5,027

Spectrum

Brands,

Inc.,

Convertible

88,000

3.375%, 

6/1/2029

a

85,360

Star

Parent,

Inc.

26,000

9.000%, 

10/1/2030

a

27,746

Sysco

Corporation

37,000

5.950%, 

4/1/2030

39,147

Takeda

Pharmaceutical

Company,

Ltd.

102,000

5.650%, 

7/5/2054

101,866

87,000

5.000%, 

11/26/2028

87,688

Tenet

Healthcare

Corporation

179,000

5.125%, 

11/1/2027

175,815

40,000

4.375%, 

1/15/2030

37,523

67,000

6.750%, 

5/15/2031

68,846

Teva

Pharmaceutical

Finance

Netherlands

III

BV

61,000

3.150%, 

10/1/2026

57,767

Topgolf

Callaway

Brands

Corporation,

Convertible

67,000

2.750%, 

5/1/2026

75,944

Unilever

Capital

Corporation

50,000

5.000%, 

12/8/2033

51,256

US

Acute

Care

Solutions,

LLC

28,000

9.750%, 

5/15/2029

a

27,761

Varex

Imaging

Corporation,

Convertible

8,000

4.000%, 

6/1/2025

8,007

Viterra

Finance

BV

80,000

3.200%, 

4/21/2031

a

70,740

Winnebago

Industries,

Inc.,

Convertible

80,000

3.250%, 

1/15/2030

a

79,520

Wyeth,

LLC

98,000

6.500%, 

2/1/2034

110,085

Zoetis,

Inc.

63,000

5.600%, 

11/16/2032

65,810

Total

8,335,880

Energy

(1.7%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

56,000

5.375%, 

6/15/2029

a

54,757

Apache

Corporation

59,000

4.375%, 

10/15/2028

56,516

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

98,000

6.250%, 

4/1/2028

a

97,764

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

56,000

8.250%, 

12/31/2028

a

57,486

28,000

5.875%, 

6/30/2029

a

27,462

Baytex

Energy

Corporation

55,000

8.500%, 

4/30/2030

a

58,054

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Energy

(1.7%)

-

continued

Blue

Racer

Midstream,

LLC/Blue

Racer

Finance

Corporation

$

45,000

7.000%, 

7/15/2029

a

$

46,228

Borr

IHC,

Ltd./Borr

Finance,

LLC

66,350

10.375%, 

11/15/2030

a,e

70,023

BP

Capital

Markets

America,

Inc.

152,000

4.234%, 

11/6/2028

149,858

55,000

4.812%, 

2/13/2033

54,474

BP

Capital

Markets

plc

50,000

4.875%, 

3/22/2030

c,i

47,237

55,000

6.450%, 

12/1/2033

c,i

56,762

Buckeye

Partners,

LP

38,000

4.500%, 

3/1/2028

a

36,246

56,000

6.875%, 

7/1/2029

a

56,891

California

Resources

Corporation

34,000

8.250%, 

6/15/2029

a

34,817

Cheniere

Energy

Partners,

LP

38,000

4.500%, 

10/1/2029

36,775

39,000

3.250%, 

1/31/2032

34,024

62,000

5.950%, 

6/30/2033

64,048

Cheniere

Energy,

Inc.

34,000

5.650%, 

4/15/2034

a

34,550

Civitas

Resources,

Inc.

38,000

8.375%, 

7/1/2028

a

39,897

19,000

8.625%, 

11/1/2030

a

20,522

72,000

8.750%, 

7/1/2031

a

77,427

CNX

Resources

Corporation

33,000

6.000%, 

1/15/2029

a

32,665

CNX

Resources

Corporation,

Convertible

105,000

2.250%, 

5/1/2026

219,292

Columbia

Pipelines

Holding

Company,

LLC

42,000

6.055%, 

8/15/2026

a

42,643

79,000

6.042%, 

8/15/2028

a

82,102

Comstock

Resources,

Inc.

54,000

6.750%, 

3/1/2029

a

52,177

38,000

5.875%, 

1/15/2030

a

35,347

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

49,000

5.500%, 

6/15/2031

a

46,998

Crescent

Energy

Finance,

LLC

33,000

9.250%, 

2/15/2028

a

34,837

83,000

7.625%, 

4/1/2032

a

85,122

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

61,000

8.625%, 

3/15/2029

a

63,372

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

22,000

8.500%, 

10/1/2030

a

23,420

Diamondback

Energy,

Inc.

92,000

5.750%, 

4/18/2054

91,065

DT

Midstream,

Inc.

44,000

4.125%, 

6/15/2029

a

41,132

Enbridge,

Inc.

55,000

7.375%, 

1/15/2083

c

55,328

52,000

7.625%, 

1/15/2083

c

54,032

59,000

5.950%, 

4/5/2054

59,857

20,000

5.700%, 

3/8/2033

20,651

Enerflex,

Ltd.

38,000

9.000%, 

10/15/2027

a

39,184

Energy

Transfer,

LP

40,000

5.950%, 

5/15/2054

39,499

100,000

8.000%, 

5/15/2054

c

106,460

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

26

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Energy

(1.7%)

-

continued

$

39,000

6.050%, 

9/1/2054

$

39,094

47,000

6.750%, 

5/15/2025

c,i

46,637

39,000

4.400%, 

3/15/2027

38,547

17,000

7.125%, 

5/15/2030

c,i

16,946

40,000

6.400%, 

12/1/2030

42,845

40,000

5.600%, 

9/1/2034

40,586

Enterprise

Products

Operating,

LLC

38,000

4.150%, 

10/16/2028

37,370

EQM

Midstream

Partners,

LP

153,000

4.750%, 

1/15/2031

a

144,461

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

45,000

8.875%, 

4/15/2030

47,643

68,000

7.875%, 

5/15/2032

69,438

Harvest

Midstream

I,

LP

66,000

7.500%, 

9/1/2028

a

67,541

41,000

7.500%, 

5/15/2032

a

42,184

Hess

Midstream

Operations,

LP

61,000

4.250%, 

2/15/2030

a

56,615

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

70,000

5.750%, 

2/1/2029

a

68,827

27,000

6.000%, 

4/15/2030

a

26,416

70,000

6.250%, 

4/15/2032

a

68,091

Howard

Midstream

Energy

Partners,

LLC

79,000

7.375%, 

7/15/2032

a

81,364

ITT

Holdings,

LLC

55,000

6.500%, 

8/1/2029

a

51,609

Kinder

Morgan,

Inc.

72,000

5.950%, 

8/1/2054

72,221

Kodiak

Gas

Services,

LLC

33,000

7.250%, 

2/15/2029

a

33,947

Laredo

Petroleum,

Inc.

96,000

7.750%, 

7/31/2029

a

97,083

MEG

Energy

Corporation

73,000

5.875%, 

2/1/2029

a

72,090

MPLX,

LP

94,000

1.750%, 

3/1/2026

89,344

19,000

5.000%, 

3/1/2033

18,590

55,000

5.500%, 

6/1/2034

55,402

Nabors

Industries,

Inc.

27,000

7.375%, 

5/15/2027

a

27,495

69,000

9.125%, 

1/31/2030

a,e

73,713

National

Fuel

Gas

Company

82,000

5.500%, 

1/15/2026

82,253

New

Fortress

Energy,

Inc.

20,000

6.750%, 

9/15/2025

a

19,662

22,000

8.750%, 

3/15/2029

a,e

19,949

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

22,000

8.125%, 

2/15/2029

a

22,296

33,000

8.375%, 

2/15/2032

a

33,721

Noble

Finance

II,

LLC

27,000

8.000%, 

4/15/2030

a

28,355

Northern

Oil

and

Gas,

Inc.

56,000

8.750%, 

6/15/2031

a

59,022

Northern

Oil

and

Gas,

Inc.,

Convertible

129,000

3.625%, 

4/15/2029

164,152

NuStar

Logistics,

LP

54,000

6.375%, 

10/1/2030

55,111

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Energy

(1.7%)

-

continued

Occidental

Petroleum

Corporation

$

25,000

5.000%, 

8/1/2027

$

25,086

78,000

8.875%, 

7/15/2030

91,205

ONEOK,

Inc.

57,000

2.200%, 

9/15/2025

55,271

41,000

5.550%, 

11/1/2026

41,573

39,000

5.650%, 

11/1/2028

40,206

Ovintiv,

Inc.

46,000

5.650%, 

5/15/2028

46,985

40,000

6.250%, 

7/15/2033

41,835

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

43,000

6.000%, 

2/15/2028

42,180

Permian

Resources

Operating,

LLC,

Convertible

50,000

3.250%, 

4/1/2028

130,684

Pioneer

Natural

Resources

Company

56,000

1.900%, 

8/15/2030

48,123

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

92,000

4.650%, 

10/15/2025

91,373

Prairie

Acquiror,

LP

45,000

9.000%, 

8/1/2029

a

46,399

Precision

Drilling

Corporation

50,000

6.875%, 

1/15/2029

a

49,988

Range

Resources

Corporation

45,000

4.750%, 

2/15/2030

a

42,624

Rockies

Express

Pipeline,

LLC

69,000

4.950%, 

7/15/2029

a

65,989

Saturn

Oil

&

Gas,

Inc.

34,000

9.625%, 

6/15/2029

a

34,939

Schlumberger

Holdings

Corporation

24,000

4.300%, 

5/1/2029

a

23,640

SM

Energy

Company

30,000

6.500%, 

7/15/2028

29,929

19,000

7.000%, 

8/1/2032

a

19,206

Southwestern

Energy

Company

30,000

4.750%, 

2/1/2032

28,035

Suburban

Propane

Partners,

LP/

Suburban

Energy

Finance

Corporation

27,000

5.875%, 

3/1/2027

26,782

Suncor

Energy,

Inc.

39,000

7.150%, 

2/1/2032

43,563

Sunoco,

LP

82,000

7.000%, 

5/1/2029

a

84,399

Sunoco,

LP/Sunoco

Finance

Corporation

44,000

5.875%, 

3/15/2028

43,831

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

98,000

5.500%, 

1/15/2028

a

94,555

41,000

7.375%, 

2/15/2029

a

41,538

Talos

Production,

Inc.

29,000

9.000%, 

2/1/2029

a

30,556

Targa

Resources

Partners,

LP

102,000

4.875%, 

2/1/2031

98,860

Teine

Energy,

Ltd.

40,000

6.875%, 

4/15/2029

a

39,665

TGNR

Intermediate

Holdings,

LLC

59,000

5.500%, 

10/15/2029

a

55,946

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

27

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Energy

(1.7%)

-

continued

TotalEnergies

Capital

SA

$

117,000

5.488%, 

4/5/2054

$

118,358

TransCanada

Trust

100,000

5.875%, 

8/15/2076

c

97,735

Transocean

Titan

Financing,

Ltd.

54,000

8.375%, 

2/1/2028

a

56,161

Transocean,

Inc.

80,100

8.750%, 

2/15/2030

a

84,140

UGI

Corporation,

Convertible

37,000

5.000%, 

6/1/2028

a

38,462

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

47,000

7.125%, 

3/15/2029

a

47,831

Valaris,

Ltd.

56,000

8.375%, 

4/30/2030

a

58,636

Venture

Global

Calcasieu

Pass,

LLC

59,000

3.875%, 

8/15/2029

a

54,550

35,000

4.125%, 

8/15/2031

a

31,817

Venture

Global

LNG,

Inc.

101,000

8.125%, 

6/1/2028

a

105,185

114,000

8.375%, 

6/1/2031

a

119,799

113,000

9.875%, 

2/1/2032

a

125,440

Viridien

SA

14,000

8.750%, 

4/1/2027

a,e

13,451

Williams

Companies,

Inc.

69,000

4.900%, 

3/15/2029

69,198

37,000

2.600%, 

3/15/2031

32,003

Total

7,055,352

Financials

(5.3%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

19,000

4.250%, 

2/15/2029

a

17,485

28,000

7.500%, 

11/6/2030

a

28,418

AerCap

Holdings

NV

32,000

5.875%, 

10/10/2079

c,e

31,920

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

40,000

6.950%, 

3/10/2055

c

40,448

54,000

6.500%, 

7/15/2025

54,453

103,000

3.000%, 

10/29/2028

95,307

Agree,

LP

38,000

5.625%, 

6/15/2034

38,582

Air

Lease

Corporation

29,000

2.300%, 

2/1/2025

28,519

17,000

3.375%, 

7/1/2025

16,686

52,000

4.650%, 

6/15/2026

c,i

50,193

46,000

3.125%, 

12/1/2030

41,213

Aircastle,

Ltd.

50,000

5.250%, 

6/15/2026

a,c,i

48,866

46,000

2.850%, 

1/26/2028

a

42,294

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

27,000

4.250%, 

10/15/2027

a

25,695

55,000

6.750%, 

4/15/2028

a

55,272

40,000

7.000%, 

1/15/2031

a

40,721

Ally

Financial,

Inc.

59,000

5.750%, 

11/20/2025

e

59,209

86,000

4.700%, 

5/15/2026

c,i

78,846

37,000

8.000%, 

11/1/2031

41,636

42,000

6.700%, 

2/14/2033

e

43,171

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

American

Express

Company

$

50,000

3.550%, 

9/15/2026

c,i

$

46,686

80,000

6.338%, 

10/30/2026

c

81,171

101,000

2.550%, 

3/4/2027

95,776

American

Homes

4

Rent,

LP

45,000

2.375%, 

7/15/2031

37,452

American

International

Group,

Inc.

79,000

5.125%, 

3/27/2033

79,662

AmWINS

Group,

Inc.

22,000

6.375%, 

2/15/2029

a

22,319

66,000

4.875%, 

6/30/2029

a

62,232

Aon

North

America,

Inc.

78,000

5.750%, 

3/1/2054

78,679

Apollo

Debt

Solutions

BDC

60,000

6.700%, 

7/29/2031

a

60,706

Arbor

Realty

Trust,

Inc.,

Convertible

8,000

7.500%, 

8/1/2025

7,680

Ares

Capital

Corporation

15,000

4.250%, 

3/1/2025

14,865

100,000

2.150%, 

7/15/2026

93,589

47,000

5.875%, 

3/1/2029

47,164

Arthur

J.

Gallagher

&

Company

59,000

5.750%, 

7/15/2054

59,120

Assurant,

Inc.

62,000

6.100%, 

2/27/2026

62,544

Australia

&

New

Zealand

Banking

Group,

Ltd.

85,000

2.950%, 

7/22/2030

a,c

82,862

Aviation

Capital

Group,

LLC

42,000

4.875%, 

10/1/2025

a

41,691

Avolon

Holdings

Funding,

Ltd.

85,000

4.250%, 

4/15/2026

a

83,394

79,000

5.750%, 

3/1/2029

a

80,417

Banco

Santander

Mexico

SA

14,000

5.375%, 

4/17/2025

a

13,953

Banco

Santander

SA

22,000

4.750%, 

11/12/2026

c,i

20,278

Bank

of

America

Corporation

64,000

4.200%, 

8/26/2024

63,922

150,000

6.250%, 

9/5/2024

c,i

149,861

51,000

6.100%, 

3/17/2025

c,i

50,845

72,000

1.319%, 

6/19/2026

c

69,527

146,000

1.197%, 

10/24/2026

c

138,931

70,000

6.125%, 

4/27/2027

c,i

70,127

60,000

1.734%, 

7/22/2027

c

56,321

80,000

4.376%, 

4/27/2028

c

79,000

112,000

3.593%, 

7/21/2028

c

108,071

67,000

4.948%, 

7/22/2028

c

67,183

70,000

5.819%, 

9/15/2029

c

72,481

180,000

3.974%, 

2/7/2030

c

173,357

135,000

2.687%, 

4/22/2032

c

116,730

59,000

2.572%, 

10/20/2032

c

50,127

82,000

2.972%, 

2/4/2033

c

71,094

59,000

5.468%, 

1/23/2035

c

60,330

40,000

3.846%, 

3/8/2037

c

35,994

Bank

of

Montreal

75,000

5.266%, 

12/11/2026

75,901

62,000

5.203%, 

2/1/2028

62,971

40,000

3.088%, 

1/10/2037

c

33,496

Bank

of

New

York

Mellon

Corporation

39,000

6.317%, 

10/25/2029

c

41,370

67,000

4.596%, 

7/26/2030

c

66,693

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

28

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

$

39,000

6.474%, 

10/25/2034

c

$

42,966

Bank

of

Nova

Scotia

93,000

4.900%, 

6/4/2025

c,i

91,317

36,000

1.050%, 

3/2/2026

33,916

Barclays

plc

45,000

6.125%, 

12/15/2025

c,i

44,424

35,000

2.852%, 

5/7/2026

c

34,312

85,000

5.501%, 

8/9/2028

c

85,942

57,000

4.972%, 

5/16/2029

c

56,816

50,000

6.224%, 

5/9/2034

c

52,618

40,000

7.119%, 

6/27/2034

c

43,292

BlackRock

Funding,

Inc.

39,000

5.250%, 

3/14/2054

38,706

Blackstone

Mortgage

Trust,

Inc.,

Convertible

13,000

5.500%, 

3/15/2027

11,830

Blue

Owl

Capital

Corporation

II

38,000

8.450%, 

11/15/2026

a

39,645

Blue

Owl

Credit

Income

Corporation

61,000

4.700%, 

2/8/2027

59,056

Blue

Owl

Technology

Finance

Corporation

19,000

4.750%, 

12/15/2025

a

18,528

56,000

3.750%, 

6/17/2026

a

52,930

Blue

Owl

Technology

Finance

Corporation

II

20,000

6.750%, 

4/4/2029

a

19,909

BNP

Paribas

SA

57,000

2.819%, 

11/19/2025

a,c

56,508

57,000

3.132%, 

1/20/2033

a,c

49,425

BPCE

SA

29,000

2.375%, 

1/14/2025

a

28,587

Bread

Financial

Holdings,

Inc.,

Convertible

79,000

4.250%, 

6/15/2028

121,913

Brixmor

Operating

Partnership,

LP

78,000

2.250%, 

4/1/2028

70,842

Burford

Capital

Global

Finance,

LLC

64,000

9.250%, 

7/1/2031

a

68,197

Camden

Property

Trust

37,000

4.900%, 

1/15/2034

36,406

Canadian

Imperial

Bank

of

Commerce

36,000

5.926%, 

10/2/2026

36,798

Capital

One

Financial

Corporation

30,000

3.950%, 

9/1/2026

c,i

27,688

62,000

3.273%, 

3/1/2030

c

57,100

Capital

One

NA

44,000

2.280%, 

1/28/2026

c

43,278

Castlelake

Aviation

Finance

DAC

43,000

5.000%, 

4/15/2027

a

41,886

Centene

Corporation

163,000

3.000%, 

10/15/2030

142,475

77,000

2.625%, 

8/1/2031

64,183

Charles

Schwab

Corporation

104,000

5.375%, 

6/1/2025

c,i

102,783

83,000

0.900%, 

3/11/2026

77,739

94,000

4.000%, 

6/1/2026

c,i

87,781

41,000

5.875%, 

8/24/2026

41,769

56,000

2.000%, 

3/20/2028

51,041

39,000

6.136%, 

8/24/2034

c

41,303

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

Citigroup,

Inc.

$

72,000

5.500%, 

9/13/2025

$

72,235

72,000

4.000%, 

12/10/2025

c,i

68,927

95,000

3.875%, 

2/18/2026

c,i

90,035

132,000

1.122%, 

1/28/2027

c

124,375

145,000

1.462%, 

6/9/2027

c

135,932

81,000

3.070%, 

2/24/2028

c

77,424

26,000

7.375%, 

5/15/2028

c,i

26,662

54,000

7.625%, 

11/15/2028

c,i

56,159

150,000

4.075%, 

4/23/2029

c

146,145

34,000

7.125%, 

8/15/2029

c,i

34,026

39,000

6.174%, 

5/25/2034

c

40,486

45,000

7.000%, 

8/15/2034

c,i

45,648

Citizens

Financial

Group,

Inc.

55,000

4.000%, 

10/6/2026

c,i

49,887

32,000

5.718%, 

7/23/2032

c

32,394

CNA

Financial

Corporation

78,000

5.125%, 

2/15/2034

77,525

Coinbase

Global,

Inc.,

Convertible

121,000

0.500%, 

6/1/2026

124,448

145,000

0.250%, 

4/1/2030

a

143,042

Comerica,

Inc.

36,000

5.625%, 

7/1/2025

c,i

35,203

21,000

5.982%, 

1/30/2030

c

21,053

Commonwealth

Bank

of

Australia

45,000

2.688%, 

3/11/2031

a

38,288

Cooperatieve

Rabobank

UA

29,000

1.339%, 

6/24/2026

a,c

27,999

COPT

Defense

Properties,

LP

78,000

2.250%, 

3/15/2026

74,391

COPT

Defense

Properties,

LP,

Convertible

38,000

5.250%, 

9/15/2028

a

42,199

Corebridge

Financial,

Inc.

39,000

6.875%, 

12/15/2052

c

39,702

41,000

6.050%, 

9/15/2033

a

43,150

47,000

5.750%, 

1/15/2034

48,385

Credit

Acceptance

Corporation

51,000

9.250%, 

12/15/2028

a

54,424

Credit

Agricole

SA

37,000

3.250%, 

1/14/2030

a

33,336

Credit

Suisse

Group

AG

26,000

7.250%, 

N/A

*,j

2,860

36,000

7.500%, 

N/A

*,j

3,960

Dai-ichi

Life

Insurance

Company,

Ltd.

74,000

5.100%, 

10/28/2024

a,c,i

73,740

Deutsche

Bank

AG/New

York,

NY

127,000

2.129%, 

11/24/2026

c

121,651

66,000

2.311%, 

11/16/2027

c

61,701

56,000

6.819%, 

11/20/2029

c

59,239

61,000

3.742%, 

1/7/2033

c

51,388

Discover

Bank

75,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

75,191

Discover

Financial

Services

20,000

6.700%, 

11/29/2032

21,528

Diversified

Healthcare

Trust

32,000

Zero

Coupon, 

1/15/2026

a

28,299

Drawbridge

Special

Opportunities

Fund,

LP

90,000

3.875%, 

2/15/2026

a

86,526

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

29

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

Elevance

Health,

Inc.

$

78,000

5.650%, 

6/15/2054

$

78,811

74,000

5.350%, 

10/15/2025

74,222

123,000

2.550%, 

3/15/2031

107,243

Encore

Capital

Group,

Inc.,

Convertible

98,000

4.000%, 

3/15/2029

100,442

Equitable

Holdings,

Inc.

10,000

4.572%, 

2/15/2029

a

9,842

Extra

Space

Storage,

LP

38,000

5.900%, 

1/15/2031

39,572

40,000

2.400%, 

10/15/2031

33,620

Fairfax

Financial

Holdings,

Ltd.

59,000

6.350%, 

3/22/2054

a

60,687

Federal

Realty

OP,

LP,

Convertible

71,000

3.250%, 

1/15/2029

a

72,420

Fifth

Third

Bancorp

72,000

4.500%, 

9/30/2025

c,e,i

69,973

41,000

4.772%, 

7/28/2030

c

40,290

Fifth

Third

Bank

NA

101,000

3.850%, 

3/15/2026

98,750

First

Horizon

Bank

57,000

5.750%, 

5/1/2030

e

56,013

FirstCash,

Inc.

69,000

5.625%, 

1/1/2030

a

67,021

Fortress

Transportation

and

Infrastructure

Investors,

LLC

29,000

5.500%, 

5/1/2028

a

28,432

50,000

7.000%, 

5/1/2031

a

51,551

40,000

7.000%, 

6/15/2032

a

41,253

Freedom

Mortgage

Corporation

27,000

7.625%, 

5/1/2026

a

27,030

Freedom

Mortgage

Holdings,

LLC

65,000

9.250%, 

2/1/2029

a

65,465

28,000

9.125%, 

5/15/2031

a

27,545

FS

KKR

Capital

Corporation

40,000

3.400%, 

1/15/2026

38,476

38,000

2.625%, 

1/15/2027

34,942

GGAM

Finance,

Ltd.

56,000

7.750%, 

5/15/2026

a

57,343

28,000

8.000%, 

6/15/2028

a

29,634

22,000

6.875%, 

4/15/2029

a

22,494

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

82,000

3.750%, 

12/15/2027

a

74,213

goeasy,

Ltd.

44,000

9.250%, 

12/1/2028

a

47,187

29,000

7.625%, 

7/1/2029

a

29,663

Goldman

Sachs

BDC,

Inc.

35,000

6.375%, 

3/11/2027

35,781

Goldman

Sachs

Group,

Inc.

40,000

5.500%, 

2/10/2025

c,i

39,891

25,000

3.500%, 

4/1/2025

24,688

43,000

0.855%, 

2/12/2026

c

41,952

48,000

3.650%, 

8/10/2026

c,i

44,351

50,000

4.125%, 

11/10/2026

c,i

46,811

97,000

1.948%, 

10/21/2027

c

90,771

40,000

2.640%, 

2/24/2028

c

37,763

166,000

3.615%, 

3/15/2028

c

160,704

81,000

4.482%, 

8/23/2028

c

80,031

75,000

3.814%, 

4/23/2029

c

72,137

37,000

3.800%, 

3/15/2030

35,265

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

$

37,000

2.615%, 

4/22/2032

c

$

31,785

38,000

2.383%, 

7/21/2032

c

31,953

73,000

5.330%, 

7/23/2035

c

73,542

Hartford

Financial

Services

Group,

Inc.

37,000

2.800%, 

8/19/2029

33,724

59,000

7.709%, 

(TSFR3M

+

2.387%),

2/12/2047

a,c

53,091

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

Convertible

9,000

Zero

Coupon, 

5/1/2025

a

9,473

42,000

3.750%, 

8/15/2028

a

55,377

Health

Care

Service

Corporation

60,000

5.450%, 

6/15/2034

a

60,646

HSBC

Holdings

plc

36,000

2.633%, 

11/7/2025

c

35,717

35,000

1.645%, 

4/18/2026

c

34,076

105,000

4.583%, 

6/19/2029

c

103,269

45,000

2.804%, 

5/24/2032

c

38,544

HUB

International,

Ltd.

79,000

7.250%, 

6/15/2030

a

81,479

Huntington

Bancshares,

Inc./OH

73,000

4.450%, 

10/15/2027

c,e,i

67,162

93,000

5.709%, 

2/2/2035

c

94,019

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

29,000

6.250%, 

5/15/2026

28,907

112,000

5.250%, 

5/15/2027

107,418

ING

Groep

NV

76,000

1.726%, 

4/1/2027

c

71,900

54,000

6.083%, 

9/11/2027

c

55,119

Intercontinental

Exchange,

Inc.

61,000

4.350%, 

6/15/2029

59,832

Intesa

Sanpaolo

SPA

34,000

4.198%, 

6/1/2032

a,c

29,437

Invitation

Homes

Operating

Partnership,

LP

65,000

2.000%, 

8/15/2031

52,797

J.P.

Morgan

Chase

&

Company

69,000

4.600%, 

2/1/2025

c,i

68,481

42,000

4.000%, 

4/1/2025

c,i

41,059

55,000

3.650%, 

6/1/2026

c,i

52,228

162,000

1.045%, 

11/19/2026

c

153,633

76,000

1.578%, 

4/22/2027

c

71,734

112,000

4.005%, 

4/23/2029

c

108,922

38,000

2.069%, 

6/1/2029

c

34,392

149,000

4.493%, 

3/24/2031

c

146,572

40,000

2.963%, 

1/25/2033

c

34,871

42,000

4.912%, 

7/25/2033

c

41,606

40,000

5.717%, 

9/14/2033

c

41,429

37,000

5.350%, 

6/1/2034

c

37,675

35,000

6.254%, 

10/23/2034

c

37,886

20,000

5.336%, 

1/23/2035

c

20,317

69,000

5.766%, 

4/22/2035

c

72,317

J.P.

Morgan

Chase

Bank

NA

78,000

5.110%, 

12/8/2026

78,687

Jane

Street

Group/JSG

Finance,

Inc.

45,000

4.500%, 

11/15/2029

a

42,598

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

23,000

5.000%, 

8/15/2028

a

21,362

Jefferson

Capital

Holdings,

LLC

22,000

6.000%, 

8/15/2026

a

21,844

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

30

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

$

55,000

9.500%, 

2/15/2029

a

$

57,705

KeyBank

NA/Cleveland,

OH

56,000

3.900%, 

4/13/2029

51,645

75,000

5.000%, 

1/26/2033

71,006

Kilroy

Realty,

LP

59,000

4.250%, 

8/15/2029

54,767

28,000

6.250%, 

1/15/2036

27,587

Kite

Realty

Group,

LP

20,000

5.500%, 

3/1/2034

20,079

Kite

Realty

Group,

LP,

Convertible

5,000

0.750%, 

4/1/2027

a

5,317

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

28,000

4.250%, 

2/1/2027

a

27,094

74,000

4.750%, 

6/15/2029

a

70,332

Liberty

Mutual

Group,

Inc.

15,000

4.125%, 

12/15/2051

a,c

14,040

Lincoln

National

Corporation

40,000

7.948%, 

(TSFR3M

+

2.619%),

8/19/2024

c

32,385

Lloyds

Banking

Group

plc

127,000

1.627%, 

5/11/2027

c

119,544

M&T

Bank

Corporation

82,000

3.500%, 

9/1/2026

c,i

70,689

Macquarie

Airfinance

Holdings,

Ltd.

97,000

6.400%, 

3/26/2029

a

99,551

14,000

6.500%, 

3/26/2031

a

14,529

Macquarie

Group,

Ltd.

76,000

1.629%, 

9/23/2027

a,c

70,637

Manufacturers

&

Traders

Trust

Company

80,000

4.700%, 

1/27/2028

78,730

Marsh

&

McLennan

Companies,

Inc.

41,000

2.375%, 

12/15/2031

34,903

MetLife,

Inc.

72,000

3.850%, 

9/15/2025

c,i

69,794

40,000

5.875%, 

3/15/2028

c,e,i

39,815

51,000

6.400%, 

12/15/2036

52,024

Metropolitan

Life

Global

Funding

I

71,000

2.950%, 

4/9/2030

a

64,496

Mid-America

Apartments,

LP

74,000

4.200%, 

6/15/2028

72,506

Mitsubishi

UFJ

Financial

Group,

Inc.

78,000

1.538%, 

7/20/2027

c

73,102

Mizuho

Financial

Group,

Inc.

99,000

1.554%, 

7/9/2027

c

92,730

82,000

2.564%, 

9/13/2031

68,308

40,000

5.748%, 

7/6/2034

c

41,655

Molina

Healthcare,

Inc.

48,000

4.375%, 

6/15/2028

a

45,694

Morgan

Stanley

59,000

1.164%, 

10/21/2025

c

58,400

20,000

5.000%, 

11/24/2025

19,980

35,000

2.630%, 

2/18/2026

c

34,472

20,000

2.188%, 

4/28/2026

c

19,530

126,000

0.985%, 

12/10/2026

c

118,849

76,000

1.593%, 

5/4/2027

c

71,593

80,000

1.512%, 

7/20/2027

c

74,823

27,000

5.123%, 

2/1/2029

c

27,254

238,000

3.622%, 

4/1/2031

c

223,079

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

$

40,000

2.943%, 

1/21/2033

c

$

34,623

41,000

4.889%, 

7/20/2033

c

40,365

40,000

5.250%, 

4/21/2034

c

40,186

14,000

5.424%, 

7/21/2034

c

14,210

32,000

5.831%, 

4/19/2035

c

33,433

85,000

2.484%, 

9/16/2036

c

68,928

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

32,000

5.250%, 

8/1/2026

e

28,743

55,000

4.625%, 

8/1/2029

39,915

Nasdaq,

Inc.

42,000

5.350%, 

6/28/2028

43,043

Nationstar

Mortgage

Holdings,

Inc.

14,000

5.500%, 

8/15/2028

a

13,597

44,000

5.125%, 

12/15/2030

a

40,976

NatWest

Group

plc

37,000

4.892%, 

5/18/2029

c

36,748

57,000

3.754%, 

11/1/2029

c

56,680

95,000

6.475%, 

6/1/2034

c

98,495

Navient

Corporation

16,000

5.000%, 

3/15/2027

15,469

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

18,000

4.500%, 

9/30/2028

a

16,388

New

York

Life

Global

Funding

37,000

4.550%, 

1/28/2033

a

36,190

39,000

5.000%, 

1/9/2034

a

39,296

Nippon

Life

Insurance

Company

135,000

5.950%, 

4/16/2054

a,c

136,853

142,000

5.100%, 

10/16/2044

a,c

141,585

NNN

REIT,

Inc.

37,000

2.500%, 

4/15/2030

32,475

Nomura

Holdings,

Inc.

58,000

2.172%, 

7/14/2028

52,124

68,000

5.783%, 

7/3/2034

69,901

Omega

Healthcare

Investors,

Inc.

39,000

4.750%, 

1/15/2028

38,348

38,000

3.375%, 

2/1/2031

33,501

OneMain

Finance

Corporation

105,000

3.500%, 

1/15/2027

99,227

127,000

3.875%, 

9/15/2028

116,017

Panther

Escrow

Issuer,

LLC

78,000

7.125%, 

6/1/2031

a

80,037

Park

Intermediate

Holdings,

LLC

78,000

4.875%, 

5/15/2029

a

73,703

Pebblebrook

Hotel

Trust,

Convertible

202,000

1.750%, 

12/15/2026

179,679

PNC

Bank

NA

37,000

2.700%, 

10/22/2029

33,115

PNC

Financial

Services

Group,

Inc.

55,000

3.400%, 

9/15/2026

c,i

49,175

42,000

6.200%, 

9/15/2027

c,i

41,891

42,000

5.582%, 

6/12/2029

c

42,986

52,000

6.250%, 

3/15/2030

c,i

50,692

86,000

5.492%, 

5/14/2030

c

88,109

39,000

6.875%, 

10/20/2034

c

43,404

PRA

Group,

Inc.

14,000

7.375%, 

9/1/2025

a

13,988

42,000

8.375%, 

2/1/2028

a

42,522

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

31

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

Prologis

Targeted

US

Logistics

Fund,

LP

$

57,000

5.250%, 

4/1/2029

a

$

57,921

Prologis,

LP

47,000

5.250%, 

3/15/2054

45,443

Provident

Financing

Trust

I

36,000

7.405%, 

3/15/2038

38,424

Prudential

Financial,

Inc.

40,000

5.125%, 

3/1/2052

c

37,621

39,000

6.750%, 

3/1/2053

c

40,269

126,000

6.500%, 

3/15/2054

c

128,458

36,000

3.700%, 

10/1/2050

c

31,722

Public

Storage

Operating

Company

42,000

5.100%, 

8/1/2033

42,575

Realty

Income

Corporation

39,000

4.875%, 

6/1/2026

38,971

83,000

3.200%, 

1/15/2027

79,894

56,000

3.950%, 

8/15/2027

54,697

Redwood

Trust,

Inc.,

Convertible

12,000

7.750%, 

6/15/2027

11,790

Regency

Centers,

LP

60,000

5.250%, 

1/15/2034

60,152

Regions

Financial

Corporation

41,000

2.250%, 

5/18/2025

39,948

52,000

5.750%, 

6/15/2025

c,i

51,462

Reinsurance

Group

of

America,

Inc.

43,000

6.000%, 

9/15/2033

44,805

77,000

5.750%, 

9/15/2034

78,763

Rexford

Industrial

Realty,

LP,

Convertible

69,000

4.375%, 

3/15/2027

a

69,897

43,000

4.125%, 

3/15/2029

a

43,710

RGA

Global

Funding

36,000

5.500%, 

1/11/2031

a

36,831

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

14,000

4.750%, 

10/15/2027

13,592

28,000

4.500%, 

2/15/2029

a

26,527

RLJ

Lodging

Trust,

LP

26,000

4.000%, 

9/15/2029

a

23,201

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

55,000

3.625%, 

3/1/2029

a

50,490

70,000

3.875%, 

3/1/2031

a

62,267

40,000

4.000%, 

10/15/2033

a

34,403

Ryan

Specialty,

LLC

15,000

4.375%, 

2/1/2030

a

14,120

Santander

Holdings

USA,

Inc.

75,000

3.450%, 

6/2/2025

73,717

41,000

2.490%, 

1/6/2028

c

38,212

Santander

UK

Group

Holdings

plc

79,000

1.673%, 

6/14/2027

c

73,973

Service

Properties

Trust

57,000

8.375%, 

6/15/2029

56,745

44,000

8.625%, 

11/15/2031

a

46,753

Simon

Property

Group,

LP

78,000

2.650%, 

7/15/2030

69,687

39,000

6.250%, 

1/15/2034

42,104

SLM

Corporation

30,000

4.200%, 

10/29/2025

29,452

Societe

Generale

SA

36,000

2.625%, 

10/16/2024

a

35,747

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

$

35,000

1.488%, 

12/14/2026

a,c

$

33,135

Standard

Chartered

plc

59,000

2.608%, 

1/12/2028

a,c

55,418

49,000

5.688%, 

5/14/2028

a,c

49,666

Starwood

Property

Trust,

Inc.,

Convertible

92,000

6.750%, 

7/15/2027

96,800

State

Street

Corporation

27,000

6.700%, 

3/15/2029

c,i

27,029

41,000

4.421%, 

5/13/2033

c

39,592

Sumitomo

Life

Insurance

Company

90,000

3.375%, 

4/15/2081

a,c

78,115

Sumitomo

Mitsui

Financial

Group,

Inc.

59,000

2.174%, 

1/14/2027

55,410

75,000

5.716%, 

9/14/2028

77,630

56,000

2.142%, 

9/23/2030

47,806

55,000

5.766%, 

1/13/2033

57,681

Summit

Hotel

Properties,

Inc.,

Convertible

77,000

1.500%, 

2/15/2026

70,917

Synchrony

Financial

34,000

4.250%, 

8/15/2024

33,977

28,000

5.935%, 

8/2/2030

c

28,173

28,000

7.250%, 

2/2/2033

28,637

Synovus

Bank

40,000

5.625%, 

2/15/2028

39,578

Toronto-Dominion

Bank

33,000

8.125%, 

10/31/2082

c

34,406

39,000

5.156%, 

1/10/2028

39,556

61,000

5.523%, 

7/17/2028

62,795

41,000

4.456%, 

6/8/2032

39,679

Truist

Bank

36,000

2.250%, 

3/11/2030

30,788

Truist

Financial

Corporation

80,000

6.047%, 

6/8/2027

c

81,326

38,000

1.887%, 

6/7/2029

c

34,003

90,000

5.100%, 

3/1/2030

c,i

84,060

55,000

5.711%, 

1/24/2035

c

56,233

U.S.

Bancorp

69,000

5.727%, 

10/21/2026

c

69,488

67,000

4.548%, 

7/22/2028

c

66,334

22,000

5.836%, 

6/12/2034

c

22,838

55,000

5.678%, 

1/23/2035

c

56,493

UBS

Group

AG

31,000

2.593%, 

9/11/2025

a,c

30,894

73,000

2.193%, 

6/5/2026

a,c

71,064

60,000

4.875%, 

2/12/2027

a,c,i

56,507

82,000

3.869%, 

1/12/2029

a,c

78,860

UDR,

Inc.

83,000

3.000%, 

8/15/2031

73,573

UniCredit

SPA

28,000

5.861%, 

6/19/2032

a,c

27,769

United

Wholesale

Mortgage,

LLC

75,000

5.500%, 

4/15/2029

a

72,312

UnitedHealth

Group,

Inc.

117,000

5.375%, 

4/15/2054

116,101

83,000

4.200%, 

5/15/2032

79,691

USB

Realty

Corporation

48,000

6.710%, 

(TSFR3M

+

1.409%),

1/15/2027

a,c,i

37,248

Ventas

Realty,

LP,

Convertible

100,000

3.750%, 

6/1/2026

108,400

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

32

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Financials

(5.3%)

-

continued

Vornado

Realty,

LP

$

20,000

3.400%, 

6/1/2031

$

16,297

Wells

Fargo

&

Company

90,000

2.406%, 

10/30/2025

c

89,302

67,000

3.900%, 

3/15/2026

c,i

64,268

84,000

2.188%, 

4/30/2026

c

82,014

41,000

3.526%, 

3/24/2028

c

39,568

88,000

3.584%, 

5/22/2028

c

84,884

67,000

4.808%, 

7/25/2028

c

66,827

56,000

7.625%, 

9/15/2028

c,e,i

59,566

152,000

4.478%, 

4/4/2031

c

148,547

28,000

5.389%, 

4/24/2034

c

28,326

28,000

5.557%, 

7/25/2034

c

28,627

36,000

6.491%, 

10/23/2034

c

39,225

158,000

5.499%, 

1/23/2035

c

161,059

Welltower

OP,

LLC,

Convertible

153,000

2.750%, 

5/15/2028

a

187,486

Westpac

Banking

Corporation

56,000

4.110%, 

7/24/2034

c

52,863

Willis

North

America,

Inc.

39,000

5.900%, 

3/5/2054

39,025

74,000

4.500%, 

9/15/2028

72,837

XHR,

LP

38,000

4.875%, 

6/1/2029

a

35,858

Total

22,276,302

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

73,000

2.625%, 

5/5/2031

a

63,883

Saudi

Arabian

Oil

Company

57,000

5.750%, 

7/17/2054

a

55,894

Total

119,777

Mortgage-Backed

Securities

(14.5%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

236,285

2.000%, 

1/1/2052

192,904

1,871,144

2.500%, 

5/1/2051

1,591,852

1,238,372

3.500%, 

5/1/2052

1,132,048

1,052,373

4.000%, 

5/1/2052

994,631

1,239,951

5.000%, 

7/1/2053

1,228,169

784,261

5.500%, 

7/1/2053

789,242

211,144

5.000%, 

8/1/2053

209,966

387,062

5.500%, 

9/1/2053

391,163

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

1,070,161

2.500%, 

7/1/2030

1,017,085

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

1,068,754

3.500%, 

5/1/2040

1,014,378

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

2,630,696

3.000%, 

1/1/2052

2,314,016

380,225

2.000%, 

2/1/2051

310,500

237,737

2.000%, 

2/1/2051

194,141

1,230,048

2.500%, 

2/1/2051

1,045,255

1,405,898

2.500%, 

2/1/2051

1,189,037

2,539,308

2.000%, 

3/1/2051

2,051,274

1,279,734

4.000%, 

3/1/2051

1,217,443

2,662,521

3.000%, 

3/1/2052

2,330,148

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Mortgage-Backed

Securities

(14.5%)

-

continued

$

1,751,114

2.000%, 

4/1/2051

$

1,411,675

1,624,955

3.000%, 

4/1/2051

1,431,727

1,719,154

3.000%, 

5/1/2050

1,527,492

446,281

2.000%, 

5/1/2051

362,429

840,633

3.000%, 

5/1/2051

749,551

886,244

3.000%, 

6/1/2050

793,000

358,495

4.000%, 

6/1/2052

336,447

387,170

5.000%, 

6/1/2053

384,412

2,076,697

2.500%, 

7/1/2051

1,777,284

840,848

3.500%, 

7/1/2051

775,832

1,014,039

4.000%, 

7/1/2052

951,731

1,007,904

2.500%, 

8/1/2050

865,002

1,662,311

3.500%, 

8/1/2050

1,533,599

1,918,238

3.500%, 

8/1/2052

1,742,853

1,188,388

4.500%, 

8/1/2052

1,149,043

258,643

5.000%, 

8/1/2053

256,799

561,163

3.500%, 

9/1/2052

513,407

1,312,135

3.500%, 

9/1/2052

1,200,471

221,841

5.000%, 

9/1/2052

218,773

280,472

4.500%, 

9/1/2053

272,108

904,152

4.500%, 

9/1/2053

872,489

1,759,927

4.000%, 

10/1/2052

1,657,323

436,790

2.000%, 

11/1/2051

355,831

736,202

3.500%, 

11/1/2052

673,775

1,783,091

2.000%, 

12/1/2050

1,450,724

3,455,170

4.500%, 

12/1/2052

3,355,724

200,000

6.000%, 

8/1/2041

g

202,836

6,975,000

5.500%, 

8/1/2042

g

6,985,681

1,350,000

4.500%, 

8/1/2048

g

1,300,347

2,900,000

5.000%, 

8/1/2048

2,855,667

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

2,367,208

2.500%, 

3/1/2062

1,912,609

887,633

3.500%, 

7/1/2061

792,110

912,409

4.000%, 

12/1/2061

844,745

Total

60,726,748

Technology

(1.6%)

Advanced

Micro

Devices,

Inc.

41,000

3.924%, 

6/1/2032

e

39,058

Akamai

Technologies,

Inc.,

Convertible

82,000

0.125%, 

5/1/2025

90,517

121,000

0.375%, 

9/1/2027

122,985

89,000

1.125%, 

2/15/2029

a

88,503

Analog

Devices,

Inc.

20,000

2.100%, 

10/1/2031

16,937

Apple,

Inc.

81,000

1.650%, 

2/8/2031

68,677

197,000

3.750%, 

9/12/2047

163,084

Block,

Inc.

97,000

6.500%, 

5/15/2032

a

98,572

Block,

Inc.,

Convertible

40,000

0.125%, 

3/1/2025

38,684

183,000

0.250%, 

11/1/2027

153,629

Boost

Newco

Borrower,

LLC

69,000

7.500%, 

1/15/2031

a

72,676

Broadcom

Corporation/Broadcom

Cayman

Finance,

Ltd.

56,000

3.875%, 

1/15/2027

54,897

Broadcom,

Inc.

41,000

4.000%, 

4/15/2029

a

39,706

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

33

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Technology

(1.6%)

-

continued

Cisco

Systems,

Inc.

$

78,000

5.350%, 

2/26/2064

$

78,244

Clarivate

Science

Holdings

Corporation

30,000

3.875%, 

7/1/2028

a

28,139

Cloud

Software

Group,

Inc.

145,000

6.500%, 

3/31/2029

a

141,338

Consensus

Cloud

Solutions,

Inc.

14,000

6.000%, 

10/15/2026

a

13,717

CoreLogic,

Inc.

17,000

4.500%, 

5/1/2028

a

15,682

CSG

Systems

International,

Inc.,

Convertible

125,000

3.875%, 

9/15/2028

a

120,812

Dayforce,

Inc.,

Convertible

12,000

0.250%, 

3/15/2026

11,076

Dell

International,

LLC/EMC

Corporation

28,000

5.300%, 

10/1/2029

28,633

Dell,

Inc.

52,000

6.500%, 

4/15/2038

55,632

Dye

&

Durham,

Ltd.

42,000

8.625%, 

4/15/2029

a

42,977

Euronet

Worldwide,

Inc.,

Convertible

77,000

0.750%, 

3/15/2049

74,805

Fiserv,

Inc.

76,000

5.350%, 

3/15/2031

78,008

20,000

5.600%, 

3/2/2033

20,698

76,000

5.450%, 

3/15/2034

77,718

Gen

Digital,

Inc.

2,000

6.750%, 

9/30/2027

a

2,034

33,000

7.125%, 

9/30/2030

a,e

34,116

Global

Payments,

Inc.

47,000

5.950%, 

8/15/2052

46,332

18,000

2.650%, 

2/15/2025

17,724

63,000

4.950%, 

8/15/2027

63,133

37,000

3.200%, 

8/15/2029

33,906

Global

Payments,

Inc.,

Convertible

189,000

1.500%, 

3/1/2031

a

178,605

IBM

International

Capital

Private,

Ltd.

58,000

5.300%, 

2/5/2054

55,814

II-VI,

Inc.

26,000

5.000%, 

12/15/2029

a,e

24,801

Intel

Corporation

76,000

5.600%, 

2/21/2054

75,535

81,000

5.125%, 

2/10/2030

82,989

InterDigital,

Inc.,

Convertible

130,000

3.500%, 

6/1/2027

211,415

Iron

Mountain,

Inc.

28,000

4.875%, 

9/15/2027

a

27,341

120,000

5.000%, 

7/15/2028

a

116,327

85,000

4.875%, 

9/15/2029

a

81,214

60,000

4.500%, 

2/15/2031

a

55,148

Jabil,

Inc.

40,000

5.450%, 

2/1/2029

40,658

Marvell

Technology,

Inc.

37,000

2.950%, 

4/15/2031

32,591

Mastercard,

Inc.

41,000

2.000%, 

11/18/2031

34,581

47,000

4.875%, 

5/9/2034

47,630

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Technology

(1.6%)

-

continued

Microchip

Technology,

Inc.

$

24,000

5.050%, 

3/15/2029

$

24,267

Microchip

Technology,

Inc.,

Convertible

243,000

0.125%, 

11/15/2024

252,720

65,000

0.750%, 

6/1/2030

a

65,208

Micron

Technology,

Inc.

43,000

5.300%, 

1/15/2031

43,764

MKS

Instruments,

Inc.,

Convertible

261,000

1.250%, 

6/1/2030

a

274,963

Moody's

Corporation

40,000

4.250%, 

8/8/2032

38,484

NCR

Atleos

Corporation

22,000

9.500%, 

4/1/2029

a

24,033

NCR

Voyix

Corporation

42,000

5.000%, 

10/1/2028

a

40,162

87,000

5.125%, 

4/15/2029

a

83,118

Neptune

Bidco

US,

Inc.

57,000

9.290%, 

4/15/2029

a

55,824

Newfold

Digital

Holdings

Group,

Inc.

17,000

11.750%, 

10/15/2028

a

17,178

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

14,000

2.700%, 

5/1/2025

13,718

37,000

4.300%, 

6/18/2029

36,168

ON

Semiconductor

Corporation,

Convertible

143,000

Zero

Coupon, 

5/1/2027

222,060

65,000

0.500%, 

3/1/2029

67,013

Open

Text

Corporation

76,000

3.875%, 

12/1/2029

a

68,988

Open

Text

Holdings,

Inc.

70,000

4.125%, 

2/15/2030

a

63,847

Oracle

Corporation

138,000

6.900%, 

11/9/2052

158,335

33,000

6.150%, 

11/9/2029

35,140

130,000

2.950%, 

4/1/2030

118,078

63,000

6.250%, 

11/9/2032

68,008

PayPal

Holdings,

Inc.

78,000

5.500%, 

6/1/2054

77,786

Pitney

Bowes,

Inc.

14,000

6.875%, 

3/15/2027

a,e

13,846

Progress

Software

Corporation,

Convertible

54,000

1.000%, 

4/15/2026

59,019

30,000

3.500%, 

3/1/2030

a

31,871

PTC,

Inc.

70,000

4.000%, 

2/15/2028

a

66,299

RingCentral,

Inc.

54,000

8.500%, 

8/15/2030

a,e

56,736

Rocket

Software,

Inc.

34,000

9.000%, 

11/28/2028

a

34,995

S&P

Global,

Inc.

41,000

2.900%, 

3/1/2032

36,221

Salesforce.com,

Inc.

123,000

1.950%, 

7/15/2031

103,481

Seagate

HDD

Cayman

62,760

9.625%, 

12/1/2032

71,871

Semtech

Corporation,

Convertible

15,000

4.000%, 

11/1/2028

a

25,775

Sensata

Technologies,

Inc.

16,000

3.750%, 

2/15/2031

a

14,132

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

34

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Technology

(1.6%)

-

continued

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

$

20,000

4.625%, 

11/1/2026

a

$

19,519

SS&C

Technologies,

Inc.

79,000

5.500%, 

9/30/2027

a

78,257

Texas

Instruments,

Inc.

39,000

5.150%, 

2/8/2054

38,619

UKG,

Inc.

55,000

6.875%, 

2/1/2031

a

56,531

Verint

Systems,

Inc.,

Convertible

121,000

0.250%, 

4/15/2026

113,280

Verisk

Analytics,

Inc.

135,000

5.250%, 

6/5/2034

136,281

Viavi

Solutions,

Inc.

49,000

3.750%, 

10/1/2029

a

42,495

Viavi

Solutions,

Inc.,

Convertible

54,000

1.625%, 

3/15/2026

52,244

Vishay

Intertechnology,

Inc.,

Convertible

221,000

2.250%, 

9/15/2030

a

219,453

VMware,

LLC

80,000

1.400%, 

8/15/2026

74,616

54,000

2.200%, 

8/15/2031

45,101

Western

Digital

Corporation,

Convertible

185,000

3.000%, 

11/15/2028

a

269,609

Xerox

Holdings

Corporation

7,000

5.000%, 

8/15/2025

a

6,879

110,000

5.500%, 

8/15/2028

a

93,326

Xerox

Holdings

Corporation,

Convertible

113,000

3.750%, 

3/15/2030

a

87,816

Xilinx,

Inc.

26,000

2.375%, 

6/1/2030

23,043

Ziff

Davis,

Inc.,

Convertible

3,000

1.750%, 

11/1/2026

2,709

Total

6,820,184

Transportation

(0.4%)

Air

Canada

56,000

3.875%, 

8/15/2026

a

53,863

Air

Transport

Services

Group,

Inc.,

Convertible

116,000

3.875%, 

8/15/2029

a

102,975

American

Airlines

Group,

Inc.

16,000

3.750%, 

3/1/2025

a,e

15,739

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

130,083

5.500%, 

4/20/2026

a

129,212

27,253

5.750%, 

4/20/2029

a

26,632

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

34,000

5.375%, 

3/1/2029

a,e

31,119

Burlington

Northern

Santa

Fe,

LLC

39,000

5.500%, 

3/15/2055

40,039

Canadian

Pacific

Railway

Company

76,000

1.750%, 

12/2/2026

71,076

Delta

Air

Lines,

Inc.

82,000

4.375%, 

4/19/2028

79,295

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

33,784

4.500%, 

10/20/2025

a

33,619

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Transportation

(0.4%)

-

continued

ERAC

USA

Finance,

LLC

$

79,000

3.850%, 

11/15/2024

a

$

78,629

79,000

5.200%, 

10/30/2034

a

80,185

Hawaiian

Brand

Intellectual

Property,

Ltd./HawaiianMiles

Loyalty,

Ltd.

25,575

11.000%, 

4/15/2029

a

24,386

Mileage

Plus

Holdings,

LLC

67,800

6.500%, 

6/20/2027

a

68,402

Norfolk

Southern

Corporation

58,000

4.450%, 

3/1/2033

56,251

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

30,000

1.200%, 

11/15/2025

a

28,542

51,000

5.750%, 

5/24/2026

a

51,510

39,000

1.700%, 

6/15/2026

a

36,585

Rand

Parent,

LLC

60,000

8.500%, 

2/15/2030

a,e

59,332

RXO,

Inc.

57,000

7.500%, 

11/15/2027

a

58,568

Ryder

System,

Inc.

46,000

2.850%, 

3/1/2027

43,825

Southwest

Airlines

Company

36,000

5.125%, 

6/15/2027

36,157

Southwest

Airlines

Company,

Convertible

167,000

1.250%, 

5/1/2025

165,246

Stena

International

SA

44,000

7.250%, 

1/15/2031

a

45,011

United

Airlines,

Inc.

51,000

4.375%, 

4/15/2026

a

49,724

28,000

4.625%, 

4/15/2029

a

26,461

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

17,000

7.875%, 

5/1/2027

a

15,388

59,000

6.375%, 

2/1/2030

a,e

46,998

Total

1,554,769

U.S.

Government

&

Agencies

(5.0%)

U.S.

Treasury

Bonds

200,000

4.250%, 

2/15/2054

196,687

2,900,000

4.750%, 

11/15/2053

3,095,297

1,490,000

3.250%, 

5/15/2042

1,278,723

4,470,000

3.375%, 

8/15/2042

3,898,329

U.S.

Treasury

Notes

1,800,000

4.250%, 

12/31/2025

1,793,320

1,990,000

0.500%, 

2/28/2026

1,871,377

590,000

0.500%, 

4/30/2027

535,356

1,580,000

1.125%, 

2/29/2028

1,429,098

3,500,000

4.125%, 

7/31/2028

3,518,184

870,000

1.375%, 

11/15/2031

727,333

1,000,000

4.125%, 

11/15/2032

1,007,656

690,000

3.375%, 

5/15/2033

656,309

800,000

4.000%, 

2/15/2034

796,625

Total

20,804,294

Utilities

(1.6%)

AEP

Texas,

Inc.

42,000

4.700%, 

5/15/2032

40,738

AES

Corporation

30,000

7.600%, 

1/15/2055

c

30,527

73,000

3.950%, 

7/15/2030

a

67,805

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

35

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Utilities

(1.6%)

-

continued

Algonquin

Power

&

Utilities

Corporation

$

45,000

4.750%, 

1/18/2082

c

$

41,136

Alliant

Energy

Corporation,

Convertible

69,000

3.875%, 

3/15/2026

e

69,655

Ameren

Corporation

46,000

1.750%, 

3/15/2028

41,410

American

Electric

Power

Company,

Inc.

50,000

6.950%, 

12/15/2054

c

50,578

38,000

5.200%, 

1/15/2029

38,499

38,000

2.300%, 

3/1/2030

33,120

20,000

5.625%, 

3/1/2033

20,514

American

Water

Capital

Corporation

57,000

5.450%, 

3/1/2054

56,553

American

Water

Capital

Corporation,

Convertible

109,000

3.625%, 

6/15/2026

109,817

Arizona

Public

Service

Company

39,000

5.550%, 

8/1/2033

39,727

Atmos

Energy

Corporation

42,000

5.900%, 

11/15/2033

44,814

Calpine

Corporation

52,000

4.500%, 

2/15/2028

a

49,813

CenterPoint

Energy,

Inc.

36,000

2.500%, 

9/1/2024

35,888

57,000

1.450%, 

6/1/2026

53,490

57,000

2.650%, 

6/1/2031

49,060

CenterPoint

Energy,

Inc.,

Convertible

115,000

4.250%, 

8/15/2026

a

114,080

CMS

Energy

Corporation,

Convertible

89,000

3.375%, 

5/1/2028

90,691

Consolidated

Edison

Company

of

New

York,

Inc.

117,000

5.700%, 

5/15/2054

120,053

Constellation

Energy

Generation,

LLC

59,000

5.750%, 

3/15/2054

58,763

40,000

5.800%, 

3/1/2033

41,606

Dominion

Energy,

Inc.

47,000

6.875%, 

2/1/2055

c

48,789

47,000

7.000%, 

6/1/2054

c

49,359

32,000

3.071%, 

8/15/2024

31,966

46,000

3.375%, 

4/1/2030

42,400

DTE

Energy

Company

63,000

4.220%, 

11/1/2024

62,701

36,000

4.875%, 

6/1/2028

36,009

Duke

Energy

Carolinas,

LLC

119,000

5.400%, 

1/15/2054

117,818

Duke

Energy

Corporation

49,000

3.250%, 

1/15/2082

c

44,427

54,000

5.800%, 

6/15/2054

54,024

16,000

4.875%, 

9/16/2024

c,i

15,892

96,000

2.450%, 

6/1/2030

84,649

40,000

4.500%, 

8/15/2032

38,380

43,000

5.750%, 

9/15/2033

e

44,746

Duke

Energy

Corporation,

Convertible

199,000

4.125%, 

4/15/2026

204,572

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Utilities

(1.6%)

-

continued

Duke

Energy

Ohio,

Inc.

$

39,000

5.550%, 

3/15/2054

$

39,075

Edison

International

27,000

7.875%, 

6/15/2054

c

28,261

52,000

4.950%, 

4/15/2025

51,763

50,000

5.000%, 

12/15/2026

c,e,i

48,053

74,000

5.450%, 

6/15/2029

75,306

Enel

Finance

International

NV

80,000

1.375%, 

7/12/2026

a

74,942

Entergy

Corporation

29,000

0.900%, 

9/15/2025

27,720

38,000

1.900%, 

6/15/2028

34,146

Evergy,

Inc.

36,000

2.450%, 

9/15/2024

35,849

Evergy,

Inc.,

Convertible

142,000

4.500%, 

12/15/2027

a

149,384

Eversource

Energy

91,000

4.600%, 

7/1/2027

90,281

Exelon

Corporation

154,000

5.600%, 

3/15/2053

152,698

38,000

4.050%, 

4/15/2030

36,572

Fells

Point

Funding

Trust

100,000

3.046%, 

1/31/2027

a

95,297

FirstEnergy

Corporation,

Convertible

176,000

4.000%, 

5/1/2026

178,992

Georgia

Power

Company

25,000

4.950%, 

5/17/2033

25,003

ITC

Holdings

Corporation

40,000

4.950%, 

9/22/2027

a

40,159

Jersey

Central

Power

&

Light

Company

81,000

2.750%, 

3/1/2032

a

68,839

MidAmerican

Energy

Company

158,000

5.300%, 

2/1/2055

154,460

National

Rural

Utilities

Cooperative

Finance

Corporation

39,000

4.850%, 

2/7/2029

39,484

NextEra

Energy

Capital

Holdings,

Inc.

39,000

3.800%, 

3/15/2082

c

36,310

67,000

6.750%, 

6/15/2054

c

69,644

39,000

6.051%, 

3/1/2025

39,161

38,000

2.250%, 

6/1/2030

33,110

NextEra

Energy

Capital

Holdings,

Inc.,

Convertible

69,000

3.000%, 

3/1/2027

a

83,145

NextEra

Energy

Operating

Partners,

LP

101,000

3.875%, 

10/15/2026

a

96,925

NextEra

Energy

Partners,

LP,

Convertible

194,000

Zero

Coupon, 

11/15/2025

a,e

177,219

36,000

2.500%, 

6/15/2026

a,e

33,117

NiSource,

Inc.

32,000

6.950%, 

11/30/2054

c

32,451

37,000

2.950%, 

9/1/2029

33,952

Northern

States

Power

Company/

MN

39,000

5.400%, 

3/15/2054

38,836

NRG

Energy,

Inc.

48,000

2.000%, 

12/2/2025

a

45,868

41,000

10.250%, 

3/15/2028

a,c,i

45,432

24,000

3.375%, 

2/15/2029

a

21,600

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

36

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Utilities

(1.6%)

-

continued

$

30,000

5.250%, 

6/15/2029

a

$

29,171

NRG

Energy,

Inc.,

Convertible

66,000

2.750%, 

6/1/2048

122,251

Oncor

Electric

Delivery

Company,

LLC

51,000

5.550%, 

6/15/2054

a

51,605

Pacific

Gas

and

Electric

Company

39,000

6.750%, 

1/15/2053

41,830

76,000

5.550%, 

5/15/2029

77,628

80,000

6.950%, 

3/15/2034

88,255

PG&E

Corporation

58,000

5.000%, 

7/1/2028

56,574

PG&E

Corporation,

Convertible

277,000

4.250%, 

12/1/2027

a

285,725

Pinnacle

West

Capital

Corporation,

Convertible

39,000

4.750%, 

6/15/2027

a

41,106

PNM

Resources,

Inc.,

Convertible

46,000

5.750%, 

6/1/2054

*

48,806

PPL

Capital

Funding,

Inc.,

Convertible

112,000

2.875%, 

3/15/2028

111,328

Public

Service

Enterprise

Group,

Inc.

40,000

5.875%, 

10/15/2028

41,587

37,000

1.600%, 

8/15/2030

30,786

San

Diego

Gas

&

Electric

Company

39,000

5.550%, 

4/15/2054

39,384

Sempra

72,000

4.875%, 

10/15/2025

c,e,i

70,530

Southern

California

Edison

Company

77,000

5.450%, 

6/1/2031

79,503

19,000

5.950%, 

11/1/2032

20,114

Southern

Company

41,000

4.475%, 

8/1/2024

41,000

50,000

5.700%, 

10/15/2032

52,299

29,000

4.000%, 

1/15/2051

c

28,167

90,000

3.750%, 

9/15/2051

c

84,850

Southern

Company,

Convertible

234,000

3.875%, 

12/15/2025

247,455

33,000

4.500%, 

6/15/2027

a

34,534

Talen

Energy

Supply,

LLC

54,000

8.625%, 

6/1/2030

a

58,192

TerraForm

Power

Operating,

LLC

120,000

5.000%, 

1/31/2028

a

115,640

Virginia

Electric

and

Power

Company

54,000

5.350%, 

1/15/2054

52,746

Vistra

Corporation

28,000

8.000%, 

10/15/2026

a,c,i

28,662

69,000

7.000%, 

12/15/2026

a,c,i

69,396

Vistra

Operations

Company,

LLC

82,000

5.125%, 

5/13/2025

a

81,588

167,000

5.000%, 

7/31/2027

a

163,516

WEC

Energy

Group,

Inc.,

Convertible

77,000

4.375%, 

6/1/2027

a

78,771

69,000

4.375%, 

6/1/2029

a

71,070

Xcel

Energy,

Inc.

45,000

4.000%, 

6/15/2028

43,675

Principal

Amount

Long-Term

Fixed

Income

(46.7%)

Value

Utilities

(1.6%)

-

continued

$

60,000

4.600%, 

6/1/2032

$

57,812

Total

6,952,679

Total

Long-Term

Fixed

Income

(cost

$198,288,669)

195,486,797

Shares

Common

Stock

(

33.4%

)

Value

Communications

Services

(2.3%)

4,847

Alphabet,

Inc.,

Class

A

831,454

19,328

Alphabet,

Inc.,

Class

C

3,346,643

4,190

Cogent

Communications

Holdings

295,772

14,464

Comcast

Corporation

596,929

47

Electronic

Arts,

Inc.

7,094

565

Emerald

Holding,

Inc.

k

3,204

6,374

Meta

Platforms,

Inc.

3,026,566

314

Netflix,

Inc.

k

197,302

8,724

QuinStreet,

Inc.

k

163,139

15

Tripadvisor,

Inc.

k

265

20,976

Verizon

Communications,

Inc.

849,948

21,668

Warner

Brothers

Discovery,

Inc.

k

187,428

Total

9,505,744

Consumer

Discretionary

(3.4%)

18,001

Amazon.com,

Inc.

k

3,365,827

3,789

Aptiv

plc

k

262,919

3,652

Best

Buy

Company,

Inc.

315,971

91

Booking

Holdings,

Inc.

338,066

1,235

Boot

Barn

Holdings,

Inc.

k

164,848

2,169

Brunswick

Corporation

176,665

3,758

Chipotle

Mexican

Grill,

Inc.

k

204,134

4,427

Columbia

Sportswear

Company

361,686

11,066

Cooper-Standard

Holdings,

Inc.

k

163,555

2,361

Crocs,

Inc.

k

317,248

1,578

D.R.

Horton,

Inc.

283,929

6,888

eBay,

Inc.

383,042

2,862

Expedia

Group,

Inc.

k

365,391

2,103

Garmin,

Ltd.

360,139

1,028

Grand

Canyon

Education,

Inc.

k

160,317

2,445

Hilton

Worldwide

Holdings,

Inc.

524,868

1,956

Home

Depot,

Inc.

720,121

2,110

Lowe's

Companies,

Inc.

518,026

669

Lululemon

Athletica,

Inc.

k

173,043

1,362

McDonald's

Corporation

361,475

679

Meritage

Homes

Corporation

137,749

8,548

Mobileye

Global,

Inc.

k

179,508

90

NVR,

Inc.

k

774,673

293

O'Reilly

Automotive,

Inc.

k

330,018

75

Ross

Stores,

Inc.

10,742

8,180

Savers

Value

Village,

Inc.

k

83,354

5,322

SharkNinja,

Inc.

408,996

6,667

Skyline

Champion

Corporation

k

543,427

3,225

Sony

Group

Corporation

ADR

285,703

136

Starbucks

Corporation

10,601

9,565

Stoneridge,

Inc.

k

160,788

4,205

Tesla,

Inc.

k

975,854

1,323

Texas

Roadhouse,

Inc.

231,009

4,611

Wyndham

Hotels

&

Resorts,

Inc.

349,145

9,171

Yum

China

Holding,

Inc.

277,331

Total

14,280,168

Consumer

Staples

(1.7%)

4,391

Altria

Group,

Inc.

215,203

5,854

BJ's

Wholesale

Club

Holdings,

Inc.

k

514,918

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

37

Shares

Common

Stock

(33.4%)

Value

Consumer

Staples

(1.7%)

-

continued

492

Casey's

General

Stores,

Inc.

$

190,817

5,074

Coca-Cola

Company

338,639

485

Colgate-Palmolive

Company

48,107

187

Costco

Wholesale

Corporation

153,714

27,445

Coty,

Inc.

k

273,078

922

J

&

J

Snack

Foods

Corporation

155,541

1,599

J.M.

Smucker

Company

188,602

2,775

John

B.

Sanfilippo

&

Son,

Inc.

291,014

20,098

Kenvue,

Inc.

371,612

703

Keurig

Dr

Pepper,

Inc.

24,099

4,277

Lamb

Weston

Holdings,

Inc.

256,706

1,435

Lancaster

Colony

Corporation

277,041

10,390

Philip

Morris

International,

Inc.

1,196,512

5,035

Pilgrim's

Pride

Corporation

k

207,593

1,547

Procter

&

Gamble

Company

248,696

6,760

Sysco

Corporation

518,154

5,023

Turning

Point

Brands,

Inc.

189,468

4,040

Tyson

Foods,

Inc.

246,036

18,958

Walmart,

Inc.

1,301,277

Total

7,206,827

Energy

(1.6%)

1,019

Archrock,

Inc.

21,124

197

Baker

Hughes

Company

7,628

7,296

Chesapeake

Energy

Corporation

556,904

104

Chevron

Corporation

16,689

708

Civitas

Resources,

Inc.

49,390

5,537

ConocoPhillips

615,714

20,487

Devon

Energy

Corporation

963,504

18,996

Enterprise

Products

Partners,

LP

548,225

2,961

EOG

Resources,

Inc.

375,455

11,633

Exxon

Mobil

Corporation

1,379,557

19,291

Halliburton

Company

669,012

1,923

Marathon

Petroleum

Corporation

340,409

2,553

Matador

Resources

Company

156,958

23,181

NOV,

Inc.

482,628

253

Permian

Resources

Corporation

3,881

1,666

Schlumberger

NV

80,451

3,549

Shell

plc

ADR

259,858

5,800

TechnipFMC

plc

171,100

686

Williams

Companies,

Inc.

29,457

Total

6,727,944

Financials

(5.0%)

1,557

Allstate

Corporation

266,434

16,950

Ally

Financial,

Inc.

762,919

1,142

American

Express

Company

288,972

4,907

American

International

Group,

Inc.

388,782

1,302

Ameriprise

Financial,

Inc.

559,951

4,844

Arch

Capital

Group,

Ltd.

k

463,958

22,588

Bank

of

America

Corporation

910,522

97

Bank

of

Marin

Bancorp

1,970

4,876

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

186,946

5,127

Bank

of

New

York

Mellon

Corporation

333,614

776

Bank

OZK

36,387

837

Berkshire

Hathaway,

Inc.

k

367,024

11,406

Bridgewater

Bancshares,

Inc.

k

157,517

949

Brookline

Bancorp,

Inc.

9,955

1,537

Brown

&

Brown,

Inc.

152,824

2,350

Capital

One

Financial

Corporation

355,790

756

Cboe

Global

Markets,

Inc.

138,734

1,242

Central

Pacific

Financial

Corporation

32,404

9,946

Charles

Schwab

Corporation

648,380

Shares

Common

Stock

(33.4%)

Value

Financials

(5.0%)

-

continued

2,996

Chubb,

Ltd.

$

825,877

773

Citigroup,

Inc.

50,152

1,414

Columbia

Banking

System,

Inc.

36,990

594

Community

Trust

Bancorp,

Inc.

30,128

2,923

Discover

Financial

Services

420,883

1,061

Ellington

Credit

Company

7,448

495

Enterprise

Financial

Services

Corporation

26,171

14,877

F.N.B.

Corporation

228,213

555

FactSet

Research

Systems,

Inc.

229,265

192

Financial

Institutions,

Inc.

5,053

118

First

Citizens

BancShares,

Inc./NC

246,347

134

First

Mid-Illinois

Bancshares,

Inc.

5,144

928

Fiserv,

Inc.

k

151,793

4,527

Glacier

Bancorp,

Inc.

202,402

467

Great

Southern

Bancorp,

Inc.

29,239

1,658

Hanmi

Financial

Corporation

33,823

62

Hartford

Financial

Services

Group,

Inc.

6,877

458

Heritage

Financial

Corporation

10,612

495

Hometrust

Bancshares,

Inc.

17,558

1,484

Hope

Bancorp,

Inc.

19,529

1,826

Houlihan

Lokey,

Inc.

274,356

273

Independent

Bank

Corporation/MI

9,470

9,285

Intercontinental

Exchange,

Inc.

1,407,235

7,777

J.P.

Morgan

Chase

&

Company

1,654,946

522

Kearny

Financial

Corporation/MD

3,758

20,252

KeyCorp

326,665

2,013

Kinsale

Capital

Group,

Inc.

920,082

2,700

Marsh

&

McLennan

Companies,

Inc.

600,939

831

Mastercard,

Inc.

385,343

5,574

MetLife,

Inc.

428,362

1,001

MidWestOne

Financial

Group,

Inc.

29,339

269

Moody's

Corporation

122,793

66

MSCI,

Inc.

35,690

7,862

Nasdaq,

Inc.

532,100

3,323

Northern

Trust

Corporation

294,584

2,296

NU

Holdings,

Ltd./Cayman

Islands

k

27,850

1,796

OceanFirst

Financial

Corporation

32,633

269

OFG

Bancorp

12,218

5,911

PayPal

Holdings,

Inc.

k

388,826

87

PNC

Financial

Services

Group,

Inc.

15,756

1,482

Progressive

Corporation

317,326

3,203

Prosperity

Bancshares,

Inc.

232,282

7,688

Radian

Group,

Inc.

285,225

2,505

RLI

Corporation

377,228

409

S&P

Global,

Inc.

198,255

561

SEI

Investments

Company

38,058

2,545

Tradeweb

Markets,

Inc.

284,226

3,323

Triumph

Financial,

Inc.

k

301,496

161

Truist

Financial

Corporation

7,195

115

TrustCo

Bank

Corporation

NY

4,095

372

U.S.

Bancorp

16,695

4,074

Valley

National

Bancorp

34,222

1,128

Visa,

Inc.

299,676

1,120

Voya

Financial,

Inc.

81,458

793

Webster

Financial

Corporation

39,349

19,695

Wells

Fargo

&

Company

1,168,701

7,410

Western

Alliance

Bancorp

596,209

98

Willis

Towers

Watson

plc

27,663

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

38

Shares

Common

Stock

(33.4%)

Value

Financials

(5.0%)

-

continued

6,745

Zions

Bancorp

NA

$

348,514

Total

20,807,405

Health

Care

(3.8%)

3,391

Abbott

Laboratories

359,243

403

AbbVie,

Inc.

74,684

3,380

Agilent

Technologies,

Inc.

477,932

789

Align

Technology,

Inc.

k

182,953

1,842

Amgen,

Inc.

612,410

3,654

AMN

Healthcare

Services,

Inc.

k

247,084

4,373

AstraZeneca

plc

ADR

346,123

13,217

Avantor,

Inc.

k

353,555

879

Biogen,

Inc.

k

187,403

1,615

Boston

Scientific

Corporation

k

119,316

302

Centene

Corporation

k

23,230

871

Charles

River

Laboratories

International,

Inc.

k

212,611

377

Chemed

Corporation

214,950

1,293

Cigna

Group

450,830

2,252

Danaher

Corporation

623,984

3,215

Edwards

Lifesciences

Corporation

k

202,706

1,478

Elevance

Health,

Inc.

786,340

1,308

Eli

Lilly

&

Company

1,051,985

2,217

Encompass

Health

Corporation

206,048

7,920

Gilead

Sciences,

Inc.

602,395

2,740

Haemonetics

Corporation

k

246,737

1,248

Humana,

Inc.

451,289

1,049

Intuitive

Surgical,

Inc.

k

466,396

6,272

Johnson

&

Johnson

990,035

2,978

Labcorp

Holdings,

Inc.

641,580

5,667

Medtronic

plc

455,173

8,953

Merck

&

Company,

Inc.

1,012,853

738

Molina

Healthcare,

Inc.

k

251,857

17,653

Option

Care

Health,

Inc.

k

524,118

1,075

Penumbra,

Inc.

k

179,622

2,656

Pfizer,

Inc.

81,114

4,294

Progyny,

Inc.

k

121,091

1,578

Repligen

Corporation

k

264,078

4,914

Sanofi

SA

ADR

254,594

1,487

Sarepta

Therapeutics,

Inc.

k

211,511

8,528

Stevanato

Group

SPA

176,359

754

Stryker

Corporation

246,897

637

Thermo

Fisher

Scientific,

Inc.

390,698

2,837

Twist

Bioscience

Corporation

k

158,333

328

UnitedHealth

Group,

Inc.

188,981

567

Varex

Imaging

Corporation

k

8,386

808

Vertex

Pharmaceuticals,

Inc.

k

400,542

14,242

Viemed

Healthcare,

Inc.

k

102,685

4,349

Zimmer

Biomet

Holdings,

Inc.

484,261

2,509

Zoetis,

Inc.

451,720

Total

16,096,692

Industrials

(4.6%)

3,252

Advanced

Drainage

Systems,

Inc.

575,734

1,669

AECOM

151,228

7,988

Air

Lease

Corporation

396,365

1,692

AMETEK,

Inc.

293,528

324

Armstrong

World

Industries,

Inc.

42,574

1,309

Automatic

Data

Processing,

Inc.

343,770

720

Axon

Enterprise,

Inc.

k

216,007

1,945

AZEK

Company,

Inc.

k

87,311

12,332

Badger

Infrastructure

Solutions,

Ltd.

348,349

252

Brady

Corporation

18,046

1,759

BWX

Technologies,

Inc.

175,003

Shares

Common

Stock

(33.4%)

Value

Industrials

(4.6%)

-

continued

1,618

Caterpillar,

Inc.

$

560,152

38,568

CNH

Industrial

NV

410,749

24,593

CSX

Corporation

863,214

4,523

Dayforce,

Inc.

e,k

268,123

8,824

Delta

Air

Lines,

Inc.

379,608

5,963

ExlService

Holdings,

Inc.

k

210,255

2,030

Expeditors

International

of

Washington,

Inc.

253,385

15,388

Fastenal

Company

1,088,701

1,799

Ferguson

Enterprises,

Inc.

400,547

8,390

Flowserve

Corporation

424,114

5,917

Fluor

Corporation

k

284,608

1,714

General

Dynamics

Corporation

511,989

534

Graco,

Inc.

45,417

4,573

Helios

Technologies,

Inc.

210,129

2,439

Honeywell

International,

Inc.

499,385

8,561

Howmet

Aerospace,

Inc.

819,288

1,784

Ingersoll

Rand,

Inc.

179,114

2,509

Jacobs

Solutions,

Inc.

367,192

17,013

Janus

International

Group,

Inc.

k

245,327

1,999

JB

Hunt

Transport

Services,

Inc.

346,127

5,318

Knight-Swift

Transportation

Holdings,

Inc.

289,459

2,287

Korn

Ferry

168,598

1,985

L3Harris

Technologies,

Inc.

450,377

1,102

Landstar

System,

Inc.

209,655

882

Leidos

Holdings,

Inc.

127,361

1,201

Lincoln

Electric

Holdings,

Inc.

246,697

13,784

Masterbrand,

Inc.

k

248,801

3,238

Maximus,

Inc.

300,778

2,233

Miller

Industries,

Inc.

151,710

1,291

Moog,

Inc.

253,165

778

Northrop

Grumman

Corporation

376,801

1,530

Old

Dominion

Freight

Line,

Inc.

321,575

1,263

Owens

Corning,

Inc.

235,398

300

Parker-Hannifin

Corporation

168,348

1,160

Pentair

plc

101,929

1,339

Quanta

Services,

Inc.

355,344

4,168

Robert

Half,

Inc.

267,544

1,027

Rockwell

Automation,

Inc.

286,174

8,795

Schneider

National,

Inc.

236,673

540

Simpson

Manufacturing

Company,

Inc.

103,729

2,775

Tennant

Company

298,840

6,924

Timken

Company

602,042

1,192

Trane

Technologies

plc

398,462

7,196

Uber

Technologies,

Inc.

k

463,926

176

Union

Pacific

Corporation

43,424

5,461

United

Parcel

Service,

Inc.

711,951

856

United

Rentals,

Inc.

648,078

115

Waste

Management,

Inc.

23,306

3,663

WNS

Holdings,

Ltd.

k

218,241

Total

19,323,725

Information

Technology

(7.7%)

610

Adobe,

Inc.

k

336,507

4,267

Advanced

Micro

Devices,

Inc.

k

616,496

3,310

Amphenol

Corporation

212,701

21,453

Apple,

Inc.

4,764,282

3,122

Applied

Materials,

Inc.

662,488

1,261

AppLovin

Corporation

k

97,223

183

Arista

Networks,

Inc.

k

63,419

1,806

ASGN,

Inc.

k

170,974

2,074

Autodesk,

Inc.

k

513,357

5,689

Broadcom,

Inc.

914,109

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

39

Shares

Common

Stock

(33.4%)

Value

Information

Technology

(7.7%)

-

continued

1,865

CDW

Corporation

$

406,775

8,052

Ciena

Corporation

k

424,663

17,477

Cisco

Systems,

Inc.

846,761

5,315

Cohu,

Inc.

k

170,027

2,026

Crane

NXT

Company

127,395

2,027

Datadog,

Inc.

k

236,024

5,876

DocuSign,

Inc.

k

326,000

2,115

Enphase

Energy,

Inc.

k

243,458

1,199

Fabrinet

k

264,451

1,237

FormFactor,

Inc.

k

66,254

4,610

Fortinet,

Inc.

k

267,564

1,135

Gilat

Satellite

Networks,

Ltd.

k

5,164

1,788

GoDaddy,

Inc.

k

260,065

2,492

Guidewire

Software,

Inc.

k

373,974

630

Insight

Enterprises,

Inc.

k

141,435

5,747

International

Business

Machines

Corporation

1,104,229

4,140

JFrog,

Ltd.

k

159,638

321

KLA

Corporation

264,205

128

Lam

Research

Corporation

117,919

727

Littelfuse,

Inc.

194,189

12,762

Microsoft

Corporation

5,338,983

983

MongoDB,

Inc.

k

248,070

703

Motorola

Solutions,

Inc.

280,441

476

NetApp,

Inc.

60,442

41,050

NVIDIA

Corporation

4,803,671

2,708

ON

Semiconductor

Corporation

k

211,901

824

Onto

Innovation,

Inc.

k

157,631

2,790

Plexus

Corporation

k

357,594

2,404

Qorvo,

Inc.

k

287,999

8,162

QUALCOMM,

Inc.

1,476,914

69

RingCentral,

Inc.

k

2,418

3,096

Salesforce,

Inc.

801,245

13,493

Samsung

Electronics

Company,

Ltd.

832,009

1,259

ServiceNow,

Inc.

k

1,025,317

2,475

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

410,355

9,140

Trimble,

Inc.

k

498,496

18,629

TTM

Technologies,

Inc.

k

361,030

534

Universal

Display

Corporation

118,879

7,319

Varonis

Systems,

Inc.

k

403,496

598

VeriSign,

Inc.

k

111,832

Total

32,140,469

Materials

(1.2%)

1,694

Albemarle

Corporation

158,677

4,335

Alcoa

Corporation

143,228

3,053

Ball

Corporation

194,873

1,709

Celanese

Corporation

241,225

5,896

CF

Industries

Holdings,

Inc.

450,395

4,212

Corteva,

Inc.

236,293

103

Eagle

Materials,

Inc.

28,047

4,078

Eastman

Chemical

Company

421,380

2,042

Ecolab,

Inc.

471,069

2,303

Greif,

Inc.

153,564

4,493

Ingevity

Corporation

k

206,184

15,625

Ivanhoe

Mines,

Ltd.

k

204,274

842

Linde

plc

381,847

4,592

Nucor

Corporation

748,221

4,115

Steel

Dynamics,

Inc.

548,200

13,842

Tronox

Holdings

plc

223,687

2,638

United

States

Lime

&

Minerals,

Inc.

224,362

Shares

Common

Stock

(33.4%)

Value

Materials

(1.2%)

-

continued

2,494

West

Fraser

Timber

Company,

Ltd.

$

221,193

Total

5,256,719

Real

Estate

(1.1%)

3,469

Agree

Realty

Corporation

239,257

2,627

Alexandria

Real

Estate

Equities,

Inc.

308,121

1,692

AvalonBay

Communities,

Inc.

346,725

2,294

CBRE

Group,

Inc.

k

258,557

4,042

Crown

Castle,

Inc.

444,943

19,721

Cushman

and

Wakefield

plc

k

258,542

803

EastGroup

Properties,

Inc.

150,153

399

Equinix,

Inc.

315,306

11,753

Essential

Properties

Realty

Trust,

Inc.

347,771

1,195

Extra

Space

Storage,

Inc.

190,746

19,762

Healthcare

Realty

Trust,

Inc.

349,590

226

Invitation

Homes,

Inc.

7,971

211

Kite

Realty

Group

Trust

5,203

8,742

National

Storage

Affiliates

Trust

372,147

1,782

Phillips

Edison

and

Company,

Inc.

62,548

1,916

SBA

Communications

Corporation

420,639

925

STAG

Industrial,

Inc.

37,749

5,564

Terreno

Realty

Corporation

380,633

Total

4,496,601

Utilities

(1.0%)

6,101

Alliant

Energy

Corporation

339,582

505

American

Water

Works

Company,

Inc.

71,892

10,603

CenterPoint

Energy,

Inc.

294,233

1,960

Constellation

Energy

Corporation

372,008

4,917

Duke

Energy

Corporation

537,281

4,260

Entergy

Corporation

494,032

5,705

Evergy,

Inc.

330,890

11,622

NiSource,

Inc.

363,187

1,466

Northwestern

Energy

Group,

Inc.

78,827

3,033

Portland

General

Electric

Company

143,703

5,879

Public

Service

Enterprise

Group,

Inc.

468,968

2,000

Spire,

Inc.

133,180

2,423

UGI

Corporation

60,042

2,950

Vistra

Energy

Corporation

233,699

6,297

Xcel

Energy,

Inc.

366,989

Total

4,288,513

Total

Common

Stock

(cost

$96,897,017)

140,130,807

Shares

Registered

Investment

Companies

(

12.7%

)

Value

U.S.

Affiliated  (11.9%)

2,566,457

Thrivent

Core

Emerging

Markets

Debt

Fund

20,762,634

2,634,245

Thrivent

Core

International

Equity

Fund

28,924,014

Total

49,686,648

U.S.

Unaffiliated  (0.8%)

22,152

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

62,025

11,251

abrdn

Income

Credit

Strategies

Fund

73,469

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

40

Shares

Registered

Investment

Companies

(12.7%)

Value

U.S.

Unaffiliated  (0.8%)-

continued

7,154

AllianceBernstein

Global

High

Income

Fund,

Inc.

$

75,904

10,592

Allspring

Income

Opportunities

Fund

73,826

1,654

BlackRock

Core

Bond

Trust

18,541

6,950

BlackRock

Corporate

High

Yield

Fund,

Inc.

68,527

8,308

BlackRock

Credit

Allocation

Income

Trust

89,976

713

BlackRock

Debt

Strategies

Fund,

Inc.

7,843

1,793

BlackRock

Enhanced

Equity

Dividend

Trust

15,276

8,376

BlackRock

Enhanced

Global

Dividend

Trust

90,545

4,400

BlackRock

Enhanced

International

Dividend

Trust

24,552

250

BlackRock

Floating

Rate

Income

Strategies

Fund,

Inc.

3,390

1,633

BlackRock

Income

Trust,

Inc.

19,825

2,585

BlackRock

Multi-Sector

Income

Trust

38,232

6,163

Blackstone

Strategic

Credit

2027

Term

Fund

74,264

7,118

Eaton

Vance

Limited

Duration

Income

Fund

70,326

2,650

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

22,419

1,273

Invesco

Dynamic

Credit

Opportunities

Fund

h

13,282

7,000

Invesco

Preferred

ETF

81,200

15,481

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

571,249

3,349

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

e

366,916

8,023

iShares

Preferred

and

Income

Securities

ETF

e

254,409

14,336

Nuveen

Credit

Strategies

Income

Fund

82,145

4,351

Nuveen

Preferred

Income

Opportunities

Fund

33,416

7,052

PGIM

Global

High

Yield

Fund,

Inc.

87,445

7,054

PGIM

High

Yield

Bond

Fund,

Inc.

95,441

1,839

Pimco

Dynamic

Income

Fund

e

34,923

1,959

SPDR

S&P

Biotech

ETF

e

194,059

509

Tri-Continental

Corporation

16,227

3,716

Vanguard

Intermediate-Term

Corporate

Bond

ETF

303,560

3,600

Vanguard

Short-Term

Corporate

Bond

ETF

281,628

2,950

Virtus

Convertible

&

Income

Fund

10,148

4,842

Virtus

Dividend,

Interest

&

Premium

Strategy

Fund

61,542

575

Virtus

Equity

&

Convertible

Income

Fund

12,966

12,371

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

69,525

17,387

Western

Asset

High

Income

Opportunity

Fund,

Inc.

68,331

Total

3,467,352

Total

Registered

Investment

Companies

(cost

$52,323,004)

53,154,000

Shares

Collateral

Held

for

Securities

Loaned

(

1.1%

)

Value

4,518,926

Thrivent

Cash

Management

Trust

$

4,518,926

Total

Collateral

Held

for

Securities

Loaned

(cost

$4,518,926)

4,518,926

Shares

Preferred

Stock

(

0.6%

)

Value

Basic

Materials

(<0.1%)

4,362

Albemarle

Corporation,

Convertible,

7.250%

195,069

Total

195,069

Communications

Services

(<0.1%)

7,175

AT&T,

Inc.,

4.750%

i

142,711

3,000

Telephone

and

Data

Systems,

Inc.,

6.000%

i

51,780

Total

194,491

Financials

(0.5%)

2,475

AEGON

Funding

Company,

LLC,

5.100%

52,693

5,200

Allstate

Corporation,

5.100%

i

112,684

3,029

Apollo

Global

Management,

Inc.,

Convertible,

6.750%

205,972

5,600

Bank

of

America

Corporation,

4.250%

i

104,328

246

Bank

of

America

Corporation,

Convertible,

7.250%

i

294,464

5,050

Capital

One

Financial

Corporation,

5.000%

i

98,626

550

Citizens

Financial

Group,

Inc.,

7.375%

i,k

14,058

2,875

Equitable

Holdings,

Inc.,

5.250%

i

63,077

4,500

J.P.

Morgan

Chase

&

Company,

4.200%

i

88,470

3,350

J.P.

Morgan

Chase

&

Company,

4.750%

i

73,097

3,150

KeyCorp,

6.200%

c,i

72,230

2,600

Morgan

Stanley,

4.250%

i

48,516

2,290

Morgan

Stanley,

5.850%

c,i

55,876

2,800

Morgan

Stanley,

7.125%

c,i

71,008

2,875

Public

Storage,

4.125%

i

52,699

1,125

Public

Storage,

4.625%

i

22,815

300

Public

Storage,

4.700%

i

6,195

775

Regions

Financial

Corporation,

5.700%

c,i

17,918

725

Synovus

Financial

Corporation,

8.417%

c,i

18,343

2,650

U.S.

Bancorp,

4.000%

i

46,481

4,500

Wells

Fargo

&

Company,

4.250%

i

83,565

2,350

Wells

Fargo

&

Company,

4.750%

i

47,940

284

Wells

Fargo

&

Company,

Convertible,

7.500%

i

341,581

Total

1,992,636

Utilities

(0.1%)

4,150

CMS

Energy

Corporation,

4.200%

i

77,854

4,353

NextEra

Energy,

Inc.,

Convertible,

6.926%

e

192,228

2,750

Southern

Company,

4.950%

59,840

Total

329,922

Total

Preferred

Stock

(cost

$3,036,482)

2,712,118

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

41

Shares

or

Principal

Amount

Short-Term

Investments

(

9.0%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

1,200,000

5.245%,

8/16/2024

l,m

$

1,197,197

800,000

5.225%,

9/17/2024

l,m

794,405

500,000

5.240%,

9/18/2024

l,m

496,431

100,000

5.170%,

10/9/2024

l,m

99,005

100,000

5.200%,

10/16/2024

l,m

98,905

100,000

5.194%,

10/18/2024

l,m

98,876

Thrivent

Core

Short-Term

Reserve

Fund

3,463,165

5.600%

34,631,654

U.S.

Treasury

Bills

100,000

5.243%,

8/15/2024

l,n

99,795

Total

Short-Term

Investments

(cost

$37,507,759)

37,516,268

Total

Investments

(cost

$392,571,857)

103.5%

$433,518,916

Other

Assets

and

Liabilities,

Net

(3.5%)

(14,557,759)

Total

Net

Assets

100.0%

$418,961,157

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$64,213,247

or

15.3%

of

total

net

assets.

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

July

31,

2024.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

e

All

or

a

portion

of

the

security

is

on

loan.

f

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

g

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

h

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

i

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

j

Defaulted

security.  Interest

is

not

being

accrued.

k

Non-income

producing

security.

l

The

interest

rate

shown

reflects

the

yield.

m

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

n

All

or

a

portion

of

the

security

is

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Balanced

Income

Plus

Fund

as

of

July

31,

2024

was

$270,196

or

0.06%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG 

5/17/2021

$

28,823

Credit

Suisse

Group

AG 

11/30/2018

38,508

PNM

Resources,

Inc.,

Convertible,

6/1/2054

6/28/2024

45,361

Pretium

Mortgage

Credit

Partners,

LLC,

6/27/2060

6/16/2021

226,176

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Balanced

Income

Plus

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

3,281,337

Common

Stock

1,123,503

Total

lending

$4,404,840

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$4,518,926

Net

amounts

due

to

counterparty

$114,086

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

42

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Balanced

Income

Plus

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

17,459,560

–

17,459,560

–

Basic

Materials

2,400,850

–

2,400,850

–

Capital

Goods

5,188,653

–

5,188,653

–

Collateralized

Mortgage

Obligations

19,522,031

–

19,522,031

–

Commercial

Mortgage-Backed

Securities

1,695,647

–

1,695,647

–

Communications

Services

5,776,068

–

5,776,068

–

Consumer

Cyclical

8,798,003

–

8,798,003

–

Consumer

Non-Cyclical

8,335,880

–

8,271,307

64,573

Energy

7,055,352

–

7,055,352

–

Financials

22,276,302

–

22,276,302

–

Foreign

Government

119,777

–

119,777

–

Mortgage-Backed

Securities

60,726,748

–

60,726,748

–

Technology

6,820,184

–

6,820,184

–

Transportation

1,554,769

–

1,554,769

–

U.S.

Government

&

Agencies

20,804,294

–

20,804,294

–

Utilities

6,952,679

–

6,952,679

–

Common

Stock

Communications

Services

9,505,744

9,505,744

–

–

Consumer

Discretionary

14,280,168

14,280,168

–

–

Consumer

Staples

7,206,827

7,206,827

–

–

Energy

6,727,944

6,727,944

–

–

Financials

20,807,405

20,807,405

–

–

Health

Care

16,096,692

16,096,692

–

–

Industrials

19,323,725

18,975,376

348,349

–

Information

Technology

32,140,469

31,308,460

832,009

–

Materials

5,256,719

5,052,445

204,274

–

Real

Estate

4,496,601

4,496,601

–

–

Utilities

4,288,513

4,288,513

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

3,467,352

3,454,070

–

13,282

Preferred

Stock

Basic

Materials

195,069

195,069

–

–

Communications

Services

194,491

194,491

–

–

Financials

1,992,636

1,992,636

–

–

Utilities

329,922

329,922

–

–

Short-Term

Investments

2,884,614

–

2,884,614

–

Subtotal

Investments

in

Securities

$344,681,688

$144,912,363

$199,691,470

$77,855

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

49,686,648

Affiliated

Short-Term

Investments

34,631,654

Collateral

Held

for

Securities

Loaned

4,518,926

Subtotal

Other

Investments

$88,837,228

Total

Investments

at

Value

$433,518,916

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Balanced

Income

Plus

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

981,356

981,356

–

–

Total

Asset

Derivatives

$981,356

$981,356

$–

$–

Liability

Derivatives

Futures

Contracts

1,766,607

1,747,841

18,766

–

Credit

Default

Swaps

2,585

–

2,585

–

Total

Liability

Derivatives

$1,769,192

$1,747,841

$21,351

$–

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

43

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Balanced

Income

Plus

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$2,832,019

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

19

September

2024

$

2,071,350

$

53,088

CBOT

2-Yr.

U.S.

Treasury

Note

89

September

2024

18,121,467

156,213

CBOT

5-Yr.

U.S.

Treasury

Note

29

September

2024

3,069,545

59,284

CBOT

U.S.

Long

Bond

19

September

2024

2,221,865

72,979

CME

E-mini

S&P

500

Index

44

September

2024

12,109,520

118,080

CME

Ultra

Long

Term

U.S.

Treasury

Bond

70

September

2024

8,677,431

280,381

ICE

mini

MSCI

EAFE

Index

51

September

2024

5,927,314

166,421

ICE

US

mini

MSCI

Emerging

Markets

Index

78

September

2024

4,201,440

74,910

Total

Futures

Long

Contracts

$

56,399,932

$

981,356

CME

E-mini

Russell

2000

Index

(102)

September

2024

(

$

10,505,049)

(

$

1,087,251)

CME

E-mini

S&P

Mid-Cap

400

Index

(37)

September

2024

(

10,910,867)

(

633,503)

CME

Euro

Foreign

Exchange

Currency

(34)

September

2024

(

4,584,163)

(

27,087)

Eurex

Euro

STOXX

50

Index

(84)

September

2024

(

4,437,598)

(

18,766)

Total

Futures

Short

Contracts

(

$

30,437,677)

($1,766,607)

Total

Futures

Contracts

$

25,962,255

($785,251)

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

44

The

following

table

presents

Balanced

Income

Plus

Fund's

swaps

contracts

held

as

of

July

31,

2024.

Investments

totaling

$99,795

were

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

Credit

Default

Swaps

Buy/Sell

Protection

1

Termination

Date

Notional

Principal

Amount

2

Upfront

Payments/

(Receipts)

Value

3

Unrealized

Gain/(Loss)

CDX

HY

42,

5

Year,

at

5.00%,

Quarterly

Buy

6/20/2029

$

915,000

$

–

(

$

2,585)

(

$

2,585)

Total

Credit

Default

Swaps

$–

($2,585)

($2,585)

1

As

the

buyer

of

protection,

Balanced

Income

Plus

Fund

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

As

the

seller

of

protection,

Balanced

Income

Plus

Fund

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

2

The

maximum

potential

amount

of

future

payments

Balanced

Income

Plus

Fund

could

be

required

to

make

as

the

seller

or

receive

as

the

buyer

of

protection.

3

The

values

for

credit

indexes

(CDX

or

LCDX)

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

liability

or

profit

for

the

credit

default

swap

contract

had

the

contract

been

closed

as

of

the

reporting

date.

When

protection

has

been

sold,

the

value

of

the

swap

will

increase

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

When

protection

has

been

purchased,

the

value

of

the

swap

will

increase

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Balanced

Income

Plus

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$18,474

$903

$710

$20,763

2,566

5.0%

Core

International

Equity

25,028

982

2,100

28,924

2,634

6.9

Total

U.S.

Affiliated

Registered

Investment

Companies

43,502

49,687

11.9

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

33,220

124,784

123,372

34,632

3,463

8.3

Total

Affiliated

Short-Term

Investments

33,220

34,632

8.3

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

3,488

60,972

59,941

4,519

4,519

1.1

Total

Collateral

Held

for

Securities

Loaned

3,488

4,519

1.1

Total

Value

$80,210

$88,838

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($163)

$2,259

$–

$903

Core

International

Equity

70

4,944

–

983

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

–

–

–

1,503

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$3,389

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

33

Total

Affiliated

Income

from

Securities

Loaned,

Net

$33

Total

($93)

$7,203

$–

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

45

Shares

Common

Stock

(

80.5%

)

Value

Communications

Services

(5.1%)

186,200

Alphabet,

Inc.,

Class

C

$

32,240,530

21,107

Altice

USA,

Inc.

a

44,114

8,753

AMC

Networks,

Inc.

a,b

97,421

558,233

Auto

Trader

Group

plc

c

5,847,392

5,169

Bandwidth,

Inc.

a

117,957

1,066

CAR

Group,

Ltd.

24,380

75,839

Cargurus,

Inc.

a

1,882,324

774

Charter

Communications,

Inc.

a

293,903

2,847

Cogeco

Communications,

Inc.

130,529

131,744

Comcast

Corporation

5,437,075

28,688

E.W.

Scripps

Company

a

107,867

4,859

Electronic

Arts,

Inc.

733,417

3,220

Emerald

Holding,

Inc.

a

18,257

2,803

Entravision

Communications

Corporation

6,139

15,293

iHeartMedia,

Inc.

a,b

27,222

58,123

Imax

Corporation

a

1,226,395

21,913

Integral

Ad

Science

Holding

Corporation

a

223,074

10,235

Ipsos

SA

631,676

8,456

Iridium

Communications,

Inc.

242,687

141,700

KDDI

Corporation

4,263,755

6,917

Liberty

Global,

Ltd.,

Class

A

a

134,812

8,187

Liberty

Latin

America,

Ltd.,

Class

A

a

85,800

1,476

Liberty

Media

Corporation-Liberty

Live

Group

a

57,594

9,897

Magnite,

Inc.

a

143,902

55,052

Meta

Platforms,

Inc.

26,140,341

198,290

MFE-MediaForEurope

NV

675,526

59,634

MONY

Group

plc

182,041

8,349

New

York

Times

Company

447,423

40,400

Nintendo

Company,

Ltd.

2,232,440

3,486,800

Nippon

Telegraph

and

Telephone

Corporation

3,715,929

2,020

Omnicom

Group,

Inc.

198,041

15,217

Paramount

Global

b

173,778

33,570

Pinterest,

Inc.

a

1,072,562

32,976

QuinStreet,

Inc.

a

616,651

5,572

Roku,

Inc.

a

324,346

8,751

Scout24

SE

c

691,833

2,729

Sinclair,

Inc.

41,972

14,804

Sirius

XM

Holdings,

Inc.

b

51,074

15,600

SoftBank

Group

Corporation

953,354

2,421

TechTarget,

Inc.

a

77,472

5,586

Telephone

and

Data

Systems,

Inc.

118,423

168,932

Telstra

Corporation,

Ltd.

436,565

17,175

Trade

Desk,

Inc.

a

1,543,689

56,000

TV

Asahi

Holdings

Corporation

780,446

190,421

Verizon

Communications,

Inc.

7,715,859

256,205

Warner

Brothers

Discovery,

Inc.

a

2,216,173

Total

104,424,160

Consumer

Discretionary

(8.6%)

147

Adient

plc

a

3,787

26,117

Amadeus

IT

Holding

SA

1,720,091

140,059

Amazon.com,

Inc.

a

26,188,232

11,474

American

Axle

&

Manufacturing

Holdings,

Inc.

a

85,252

14,687

American

Eagle

Outfitters,

Inc.

323,848

44,974

Aptiv

plc

a

3,120,746

44,483

Aristocrat

Leisure,

Ltd.

1,584,221

6,334

Autoliv,

Inc.

640,621

17,423

Bayerische

Motoren

Werke

AG

1,615,970

564

Beazer

Homes

USA,

Inc.

a

18,990

Shares

Common

Stock

(80.5%)

Value

Consumer

Discretionary

(8.6%)

-

continued

11,182

Berkeley

Group

Holdings

plc

$

729,985

46,412

Best

Buy

Company,

Inc.

4,015,566

866

Booking

Holdings,

Inc.

3,217,199

7,367

Boot

Barn

Holdings,

Inc.

a

983,347

9,927

BorgWarner,

Inc.

350,522

1,423

Carvana

Company

a

189,586

206

Cavco

Industries,

Inc.

a

85,412

16,158

Cheesecake

Factory,

Inc.

628,385

1,238

Chewy,

Inc.

a

29,935

69,044

Chipotle

Mexican

Grill,

Inc.

a

3,750,470

15,369

Columbia

Sportswear

Company

1,255,647

79,877

Compagnie

Generale

des

Etablissements

Michelin

SCA

3,162,244

241,067

Compass

Group

plc

7,423,635

20,929

D.R.

Horton,

Inc.

3,765,755

15,007

Dana,

Inc.

190,739

651

Darden

Restaurants,

Inc.

95,235

1,218

Deckers

Outdoor

Corporation

a

1,123,763

1,331

DoorDash,

Inc.

a

147,368

62

Dorman

Products,

Inc.

a

6,285

16,185

DraftKings,

Inc.

a

598,036

93,208

eBay,

Inc.

5,183,297

632

El

Pollo

Loco

Holdings,

Inc.

a

7,622

1,939

Etsy,

Inc.

a

126,306

8,589

Everi

Holdings,

Inc.

a

110,540

14,033

Evolution

Gaming

Group

AB

c

1,359,367

36,433

Expedia

Group,

Inc.

a

4,651,401

1,200

Fast

Retailing

Company,

Ltd.

330,779

6,661

Ferrari

NV

2,741,488

186

Fox

Factory

Holding

Corporation

a

9,931

388

Frontdoor,

Inc.

a

15,311

15,939

Gap,

Inc.

374,248

25,401

Gentex

Corporation

788,955

3,857

Genuine

Parts

Company

567,403

5,593

Goodyear

Tire

&

Rubber

Company

a

65,438

5,453

Grand

Canyon

Education,

Inc.

a

850,395

1,781

Group

1

Automotive,

Inc.

651,347

6,938

H&R

Block,

Inc.

401,988

21,899

Hanesbrands,

Inc.

a

130,080

1,030

Harley-Davidson,

Inc.

38,625

3,138

Hasbro,

Inc.

202,276

20,300

Heiwa

Corporation

291,233

3,944

Hilton

Worldwide

Holdings,

Inc.

846,659

20,953

Home

Depot,

Inc.

7,714,057

261,600

Honda

Motor

Company,

Ltd.

2,795,085

29,791

Industria

de

Diseno

Textil

SA

1,447,513

2,817

Installed

Building

Products,

Inc.

761,576

30,457

InterContinental

Hotels

Group

plc

3,068,400

20,324

JB

Hi-Fi,

Ltd.

927,966

88

KB

Home

7,575

5,248

Kohl's

Corporation

113,672

21,328

Laureate

Education,

Inc.

330,584

9,401

Lear

Corporation

1,147,298

2,825

Leggett

&

Platt,

Inc.

37,205

1,654

Lennar

Corporation

292,642

710

Light

&

Wonder,

Inc.

a

76,112

13,168

LKQ

Corporation

546,472

282,368

Lottery

Corporation,

Ltd.

920,114

21,987

Lowe's

Companies,

Inc.

5,398,028

3,074

Lululemon

Athletica,

Inc.

a

795,121

3,329

LVMH

Moet

Hennessy

Louis

Vuitton

SE

2,348,154

369

M/I

Homes,

Inc.

a

61,560

6,605

Modine

Manufacturing

Company

a

777,144

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

46

Shares

Common

Stock

(80.5%)

Value

Consumer

Discretionary

(8.6%)

-

continued

3,176

Mohawk

Industries,

Inc.

a

$

511,558

35,620

Next

plc

4,163,241

4,966

Nordstrom,

Inc.

113,374

147

NVR,

Inc.

a

1,265,300

403

OneSpaWorld

Holdings,

Ltd.

a

6,484

33,800

Oriental

Land

Company,

Ltd.

967,678

12,825

Pandora

AS

2,010,361

5,189

Patrick

Industries,

Inc.

664,503

47,153

Pirelli

&

C.

SPA

c

295,192

3,341

Pool

Corporation

1,249,668

2,314

Porsche

Automobil

Holding

SE

103,435

6,524

Premier

Investments,

Ltd.

141,850

9,543

PUMA

SE

473,554

48,525

Qurate

Retail,

Inc.

a

34,778

519

Ralph

Lauren

Corporation

91,131

14,231

Ross

Stores,

Inc.

2,038,306

15,000

Sekisui

Chemical

Company,

Ltd.

226,320

124,900

Sekisui

House,

Ltd.

b

3,129,538

1,368

Service

Corporation

International/

US

109,317

24,746

SharkNinja,

Inc.

1,901,730

5,035

Signet

Jewelers,

Ltd.

423,595

11,999

Six

Flags

Entertainment

Corporation

571,512

21,830

Skyline

Champion

Corporation

a

1,779,363

52,800

Sony

Group

Corporation

4,689,624

33,624

Sony

Group

Corporation

ADR

2,978,750

157,029

Stellantis

NV

2,616,746

2,403

Steven

Madden,

Ltd.

108,952

4,746

Stitch

Fix,

Inc.

a

22,354

32,066

Stoneridge,

Inc.

a

539,029

1,683

Strategic

Education,

Inc.

177,388

10,305

Tapestry,

Inc.

413,127

37,475

Tesla,

Inc.

a

8,696,823

6,150

Texas

Roadhouse,

Inc.

1,073,852

41,165

ThredUp,

Inc.

a

86,447

353

TopBuild

Corporation

a

168,925

273,000

Toyota

Motor

Corporation

5,244,537

9,293

Travel

+

Leisure

Company

428,314

623

Ulta

Beauty,

Inc.

a

227,326

3,827

Upbound

Group,

Inc.

144,393

5,441

Urban

Outfitters,

Inc.

a

250,558

14,462

VF

Corporation

245,276

73

Visteon

Corporation

a

8,434

50,568

Wesfarmers,

Ltd.

2,440,523

58

Wingstop,

Inc.

21,685

55,982

Wyndham

Hotels

&

Resorts,

Inc.

4,238,957

23,300

Yamada

Holdings

Company,

Ltd.

70,693

116,209

Yum

China

Holding,

Inc.

3,514,160

Total

177,040,500

Consumer

Staples

(4.1%)

4,584

AAK

AB

131,914

4,000

Ain

Holdings,

Inc.

153,785

139,456

Alimentation

Couche-Tard,

Inc.

8,596,748

1,914

Anheuser-Busch

InBev

NV

113,642

13,600

Arcs

Company,

Ltd.

247,097

3,599

BellRing

Brands,

Inc.

a

184,557

12,475

Carlsberg

AS

1,506,443

19,278

Celsius

Holdings,

Inc.

a

902,789

35,235

Coca-Cola

European

Partners

plc

2,599,286

50,778

Coles

Group,

Ltd.

601,804

286,220

Coty,

Inc.

a

2,847,889

36,717

Danone

SA

2,385,326

4,857

Dollar

Tree,

Inc.

a

506,779

Shares

Common

Stock

(80.5%)

Value

Consumer

Staples

(4.1%)

-

continued

6,153

e.l.f.

Beauty,

Inc.

a

$

1,061,885

64,044

Imperial

Brands

plc

1,765,165

17,608

J

&

J

Snack

Foods

Corporation

2,970,470

21,862

J.M.

Smucker

Company

2,578,623

233,744

Kenvue,

Inc.

4,321,927

141,985

Koninklijke

Ahold

Delhaize

NV

4,574,080

6,056

Kroger

Company

330,052

49,723

Lamb

Weston

Holdings,

Inc.

2,984,374

8,618

Lancaster

Colony

Corporation

1,663,791

35

Lindt

&

Spruengli

AG

438,676

10,359

Loblaw

Companies,

Ltd.

1,277,384

605

McCormick

&

Company,

Inc.

46,591

22,791

Metro,

Inc./CN

1,357,242

34,992

Nestle

SA

3,544,433

78,990

Philip

Morris

International,

Inc.

9,096,488

428

PriceSmart,

Inc.

39,089

46,300

Seven

&

I

Holdings

Company,

Ltd.

554,431

90,080

Sysco

Corporation

6,904,632

328,951

Tesco

plc

1,402,798

17,657

Tyson

Foods,

Inc.

1,075,311

33,385

Unilever

plc

2,051,658

2,848

US

Foods

Holding

Corporation

a

154,903

15,249

Walgreens

Boots

Alliance,

Inc.

181,006

190,636

Walmart,

Inc.

13,085,255

12,831

Woolworths,

Ltd.

289,508

Total

84,527,831

Energy

(4.2%)

24,230

Archrock,

Inc.

502,288

23,368

Baker

Hughes

Company

904,809

1,829

California

Resources

Corporation

94,084

93,262

Canadian

Natural

Resources,

Ltd.

3,311,269

10,885

Cenovus

Energy,

Inc.

219,332

9,126

Chesapeake

Energy

Corporation

696,588

58,344

ConocoPhillips

6,487,853

31,845

Coterra

Energy,

Inc.

821,601

7,538

Delek

US

Holdings,

Inc.

179,254

124,700

Devon

Energy

Corporation

5,864,641

399,500

Eneos

Holdings,

Inc.

2,093,197

2,375

Eni

SPA

37,999

220,979

Enterprise

Products

Partners,

LP

6,377,454

7,650

Expro

Group

Holdings

NV

a

177,633

102,058

Exxon

Mobil

Corporation

12,103,058

1,993

Gulfport

Energy

Corporation

a

293,389

232,159

Halliburton

Company

8,051,274

7,023

Helmerich

&

Payne,

Inc.

283,870

6,317

Hess

Midstream,

LP

236,761

708

International

Seaways,

Inc.

39,648

2,962

Kodiak

Gas

Services,

Inc.

85,454

11,017

Koninklijke

Vopak

NV

492,164

21,554

Marathon

Petroleum

Corporation

3,815,489

20,715

Matador

Resources

Company

1,273,558

13,365

Noble

Corporation

plc

631,095

11,292

Ovintiv,

Inc.

524,400

6,181

Par

Pacific

Holdings,

Inc.

a

164,105

5,345

Phillips

66

777,591

2,681

ProPetro

Holding

Corporation

a

25,711

27,692

Santos,

Ltd.

144,356

423,512

Shell

plc

15,442,836

37,022

Shell

plc

ADR

2,710,751

9,399

SM

Energy

Company

434,234

176,517

Suncor

Energy,

Inc.

7,049,685

93,451

TechnipFMC

plc

2,756,804

9,890

TotalEnergies

SE

667,243

5,276

Viper

Energy,

Inc.

225,127

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

47

Shares

Common

Stock

(80.5%)

Value

Energy

(4.2%)

-

continued

6,380

Williams

Companies,

Inc.

$

273,957

3,574

Woodside

Energy

Group,

Ltd.

64,814

Total

86,335,376

Financials

(13.5%)

35,296

AB

Industrivarden,

Class

A

1,210,800

34,871

Allianz

SE

9,821,964

25,820

Allstate

Corporation

4,418,318

1,956

Ally

Financial,

Inc.

88,040

4,856

Amalgamated

Financial

Corporation

154,469

14,453

American

Express

Company

3,657,187

51,165

American

International

Group,

Inc.

4,053,803

8,424

Ameriprise

Financial,

Inc.

3,622,910

744

Ameris

Bancorp

45,302

9,327

Annaly

Capital

Management,

Inc.

185,701

4,078

Arthur

J.

Gallagher

&

Company

1,156,072

4,696

Artisan

Partners

Asset

Management,

Inc.

207,375

3,178

Associated

Banc-Corp

73,030

1,379

Assurant,

Inc.

241,146

1,724

Assured

Guaranty,

Ltd.

142,006

956

Atlantic

Union

Bankshares

Corporation

39,473

108,691

Australia

and

New

Zealand

Banking

Group,

Ltd.

2,067,850

660

Axis

Capital

Holdings,

Ltd.

49,995

2,445

Axos

Financial,

Inc.

a

178,509

27,908

Azimut

Holding

SPA

699,259

176,627

Banca

Mediolanum

SPA

2,085,314

131,958

Banca

Monte

dei

Paschi

di

Siena

SPA

720,077

451,290

Banco

Bilbao

Vizcaya

Argentaria

SA

4,730,073

612,577

Banco

Santander

SA

2,955,167

1,398

Bancorp,

Inc.

a

72,472

83,587

Bank

Leumi

Le-Israel

BM

720,310

196,003

Bank

of

America

Corporation

7,900,881

207

Bank

of

Hawaii

Corporation

14,198

1,886

Bank

of

Marin

Bancorp

38,305

17,211

Bank

of

Montreal

1,451,650

68,464

Bank

of

New

York

Mellon

Corporation

4,454,952

44,243

Bank

of

Nova

Scotia

2,065,944

6,744

Bank

OZK

316,226

1,844

BankFinancial

Corporation

21,612

462

BankUnited,

Inc.

17,796

262

Banner

Corporation

15,516

1,124

Bar

Harbor

Bankshares

35,923

594

BayCom

Corporation

14,309

3,452

BCB

Bancorp,

Inc.

43,771

3,758

Berkshire

Hills

Bancorp,

Inc.

103,721

3,815

Block,

Inc.

a

236,072

29,521

Blue

Owl

Capital,

Inc.

562,965

60,257

BNP

Paribas

SA

4,128,438

176

BOK

Financial

Corporation

18,100

87,256

BPER

Banca

SPA

510,539

2,852

Brighthouse

Financial,

Inc.

a

142,229

1,859

BrightSpire

Capital,

Inc.

10,652

15,043

Brookline

Bancorp,

Inc.

157,801

3,243

Brown

&

Brown,

Inc.

322,451

3,632

Business

First

Bancshares,

Inc.

92,325

2,936

Byline

Bancorp,

Inc.

82,355

3,229

Cadence

Bank

106,137

410

Camden

National

Corporation

17,089

Shares

Common

Stock

(80.5%)

Value

Financials

(13.5%)

-

continued

20,086

Canadian

Imperial

Bank

of

Commerce

$

1,038,743

215

Capital

City

Bank

Group,

Inc.

7,633

28,923

Capital

One

Financial

Corporation

4,378,942

8,440

Capitol

Federal

Financial,

Inc.

53,341

32,198

Carlyle

Group,

Inc.

1,601,529

5,126

Cathay

General

Bancorp

227,184

2,114

Cboe

Global

Markets,

Inc.

387,940

3,286

Central

Pacific

Financial

Corporation

85,732

116,589

Charles

Schwab

Corporation

7,600,437

19,695

Chubb,

Ltd.

5,429,124

5,178

Cincinnati

Financial

Corporation

676,350

2,092

Citizens

Financial

Group,

Inc.

89,266

2,859

CNB

Financial

Corporation

73,362

4,909

CNO

Financial

Group,

Inc.

171,128

12,894

Columbia

Banking

System,

Inc.

337,307

11,654

Comerica,

Inc.

638,756

2,509

Commerce

Bancshares,

Inc.

162,357

47,988

Commonwealth

Bank

of

Australia

4,324,203

364

Community

Financial

System,

Inc.

22,452

1,777

Community

Trust

Bancorp,

Inc.

90,129

4,159

ConnectOne

Bancorp,

Inc.

100,731

1,134

Cullen/Frost

Bankers,

Inc.

132,746

1,905

Customers

Bancorp,

Inc.

a

122,834

724

CVB

Financial

Corporation

13,799

211,900

Daiwa

Securities

Group,

Inc.

1,749,468

231,450

DBS

Group

Holdings,

Ltd.

6,342,525

25,151

Deutsche

Boerse

AG

5,150,139

4,181

Dime

Community

Bancshares,

Inc.

105,696

32,458

Discover

Financial

Services

4,673,627

153,673

DNB

Bank

ASA

3,174,893

4,114

Eagle

Bancorp,

Inc.

88,533

3,600

East

West

Bancorp,

Inc.

316,404

816

Employers

Holdings,

Inc.

39,176

1,927

Enova

International,

Inc.

a

166,628

263

Enterprise

Bancorp,

Inc./MA

7,772

3,543

Enterprise

Financial

Services

Corporation

187,318

14,592

Equitable

Holdings,

Inc.

636,357

1,446

Equity

Bancshares,

Inc.

58,563

3,153

EXOR

NV

323,222

5,744

F.N.B.

Corporation

88,113

7,085

FactSet

Research

Systems,

Inc.

2,926,743

16,235

Federated

Hermes,

Inc.

557,348

4,788

Fidelity

National

Information

Services,

Inc.

367,862

3,750

Fifth

Third

Bancorp

158,775

2,821

Financial

Institutions,

Inc.

74,249

1,685

First

Bancorp/Puerto

Rico

36,143

5,554

First

Bancshares,

Inc.

185,059

1,367

First

Citizens

BancShares,

Inc./NC

2,853,872

1,006

First

Financial

Bancorp

27,524

1,581

First

Financial

Bankshares,

Inc.

60,805

1,769

First

Financial

Corporation

79,534

9,360

First

Foundation,

Inc.

65,520

981

First

Hawaiian,

Inc.

24,564

12,187

First

Horizon

Corporation

203,889

1,850

First

Internet

Bancorp

68,561

4,859

First

Interstate

BancSystem,

Inc.

153,399

1,583

First

Merchants

Corporation

63,874

1,866

First

Mid-Illinois

Bancshares,

Inc.

71,636

5,786

First

of

Long

Island

Corporation

75,912

4,264

Flushing

Financial

Corporation

62,809

1,677

Fulton

Financial

Corporation

32,483

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

48

Shares

Common

Stock

(80.5%)

Value

Financials

(13.5%)

-

continued

14,181

Glacier

Bancorp,

Inc.

$

634,033

3,177

Global

Payments,

Inc.

322,910

2,632

Green

Dot

Corporation

a

25,162

13,580

Groupe

Bruxelles

Lambert

SA

1,013,464

8,284

Hamilton

Lane,

Inc.

1,195,961

1,311

Hancock

Whitney

Corporation

71,751

7,522

Hanmi

Financial

Corporation

153,449

960

Hanover

Insurance

Group,

Inc.

131,990

5,650

Hartford

Financial

Services

Group,

Inc.

626,698

2,081

Heartland

Financial

USA,

Inc.

113,456

6,387

Heritage

Commerce

Corporation

66,105

4,120

Heritage

Financial

Corporation

95,460

2,846

Home

BancShares,

Inc.

80,627

1,802

Hometrust

Bancshares,

Inc.

63,917

77,600

Hong

Kong

Exchanges

&

Clearing,

Ltd.

2,288,971

13,555

Hope

Bancorp,

Inc.

178,384

417

Horace

Mann

Educators

Corporation

14,416

7,409

Horizon

Bancorp,

Inc.

118,322

12,368

Houlihan

Lokey,

Inc.

1,858,292

251,903

HSBC

Holdings

plc

2,290,823

7,014

Huntington

Bancshares,

Inc./OH

104,859

2,390

Independent

Bank

Corporation/MA

153,319

2,780

Independent

Bank

Corporation/MI

96,438

228,646

Insurance

Australia

Group,

Ltd.

1,106,167

59,969

Intercontinental

Exchange,

Inc.

9,088,902

100

International

Bancshares

Corporation

6,744

616,145

Intesa

Sanpaolo

SPA

2,502,065

42,691

Invesco,

Ltd.

736,847

484

Investar

Holding

Corporation

8,954

119,844

Investor

AB,

Class

B

3,402,387

65,179

J.P.

Morgan

Chase

&

Company

13,870,091

6,522

Jack

Henry

&

Associates,

Inc.

1,118,393

18,214

Janus

Henderson

Group

plc

678,107

309,000

Japan

Post

Holdings

Company,

Ltd.

3,272,455

7,977

Jefferies

Financial

Group,

Inc.

466,415

11,584

Kearny

Financial

Corporation/MD

83,405

234,280

KeyCorp

3,778,936

4,670

Kinsale

Capital

Group,

Inc.

2,134,517

12,744

Laurentian

Bank

of

Canada

246,822

2,152

Lazard,

Inc.

105,814

945

LendingTree,

Inc.

a

50,293

763

LPL

Financial

Holdings,

Inc.

169,020

5,601

M&T

Bank

Corporation

964,324

2,728

Macquarie

Group,

Ltd.

375,443

217,049

Man

Group

plc

683,330

100,741

Manulife

Financial

Corporation

2,683,703

8,935

Marsh

&

McLennan

Companies,

Inc.

1,988,663

3,280

Mercantile

Bank

Corporation

158,621

58,131

MetLife,

Inc.

4,467,367

1,462

Metropolitan

Bank

Holding

Corporation

a

77,091

12,884

MFA

Financial,

Inc.

144,172

64,406

MGIC

Investment

Corporation

1,599,845

985

Mid

Penn

Bancorp,

Inc.

29,205

5,800

Midland

States

Bancorp,

Inc.

137,692

2,436

MidWestOne

Financial

Group,

Inc.

71,399

134,600

Mitsubishi

HC

Capital,

Inc.

968,369

315,200

Mitsubishi

UFJ

Financial

Group,

Inc.

3,640,671

152,700

Mizuho

Financial

Group,

Inc.

3,490,744

Shares

Common

Stock

(80.5%)

Value

Financials

(13.5%)

-

continued

5,983

Mr.

Cooper

Group,

Inc.

a

$

537,752

73,200

MS

and

AD

Insurance

Group

Holdings,

Inc.

1,725,657

3,506

MSCI,

Inc.

1,895,905

1,619

Muenchener

Rueckversicherungs-

Gesellschaft

AG

797,399

287

MVB

Financial

Corporation

6,592

13,021

Nasdaq,

Inc.

881,261

107,187

National

Australia

Bank,

Ltd.

2,707,185

5,427

National

Bank

of

Canada

453,924

1,530

NCR

Atleos

Corporation

a

49,190

69

Nelnet,

Inc.

7,777

1,231

New

York

Community

Bancorp,

Inc.

b

12,950

22,320

NMI

Holdings,

Inc.

a

878,292

127,200

Nomura

Holdings,

Inc.

784,266

13,440

Northern

Trust

Corporation

1,191,456

4,990

Northfield

Bancorp,

Inc.

62,425

8,919

OceanFirst

Financial

Corporation

162,058

2,850

OFG

Bancorp

129,447

5,762

Old

National

Bancorp

115,355

3,869

Old

Republic

International

Corporation

133,945

9,207

Old

Second

Bancorp,

Inc.

155,782

10,407

OneMain

Holdings,

Inc.

543,870

50,400

ORIX

Corporation

1,219,158

1,246

Orrstown

Financial

Services,

Inc.

43,809

255

Pacific

Premier

Bancorp,

Inc.

6,900

9,577

Paragon

Banking

Group

plc

98,962

83

Park

National

Corporation

14,688

1,396

Pathward

Financial,

Inc.

94,286

75,477

PayPal

Holdings,

Inc.

a

4,964,877

1,150

PCB

Bancorp

22,161

920

PennyMac

Financial

Services,

Inc.

90,270

2,924

Peoples

Bancorp,

Inc./OH

97,281

1,474

Pinnacle

Financial

Partners,

Inc.

141,976

30

Piper

Sandler

Companies

8,198

17,922

Plus500,

Ltd.

540,508

1,361

Popular,

Inc.

139,679

3,725

Premier

Financial

Corporation

94,392

7,212

Principal

Financial

Group,

Inc.

587,850

1,667

Prosperity

Bancshares,

Inc.

120,891

7,361

Provident

Financial

Services,

Inc.

136,473

2,873

Prudential

Financial,

Inc.

360,044

48,473

QBE

Insurance

Group,

Ltd.

572,080

8,465

Radian

Group,

Inc.

314,052

4,354

Regions

Financial

Corporation

97,399

651

Reinsurance

Group

of

America,

Inc.

146,755

24,924

Rithm

Capital

Corporation

289,368

5,404

RLI

Corporation

813,788

36,506

Royal

Bank

of

Canada

4,079,344

1,620

Sandy

Spring

Bancorp,

Inc.

49,621

11,267

SEI

Investments

Company

764,353

10,634

Selective

Insurance

Group,

Inc.

960,463

595

ServisFirst

Bancshares,

Inc.

47,743

4,428

Shore

Bancshares,

Inc.

64,295

319

Simmons

First

National

Corporation

6,868

1,828

Skyward

Specialty

Insurance

Group,

Inc.

a

72,334

70,622

Societe

Generale

SA

1,831,724

45,700

Sompo

Holdings,

Inc.

1,042,048

113

Southern

First

Bancshares,

Inc.

a

3,910

579

Southern

Missouri

Bancorp,

Inc.

33,119

1,377

Southside

Bancshares,

Inc.

48,181

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

49

Shares

Common

Stock

(80.5%)

Value

Financials

(13.5%)

-

continued

1,434

SouthState

Corporation

$

141,923

375

Stellar

Bancorp,

Inc.

10,275

5,384

StepStone

Group,

Inc.

270,600

637

Stifel

Financial

Corporation

56,483

23,400

Sumitomo

Mitsui

Financial

Group,

Inc.

1,689,783

44,600

Sumitomo

Mitsui

Trust

Holdings,

Inc.

1,127,347

98,965

Svenska

Handelsbanken

AB

998,940

6,097

Svolder

AB

36,240

24,194

Swedbank

AB

514,460

2,741

Synovus

Financial

Corporation

128,142

13,671

Texas

Capital

Bancshares,

Inc.

a

903,653

21,200

Tokio

Marine

Holdings,

Inc.

831,743

57,174

Toronto-Dominion

Bank

3,376,233

27,342

TPG,

Inc.

1,394,169

16,372

Tradeweb

Markets,

Inc.

1,828,425

13,164

Triumph

Financial,

Inc.

a

1,194,370

1,579

TrustCo

Bank

Corporation

NY

56,228

5,969

Two

Harbors

Investment

Corporation

80,402

27,788

U.S.

Bancorp

1,247,125

152,653

UBS

Group

AG

4,625,489

1,995

UMB

Financial

Corporation

203,530

1,981

United

Bankshares,

Inc.

77,120

1,290

United

Community

Banks,

Inc.

39,926

3,358

Univest

Financial

Corporation

92,849

1,097

Unum

Group

63,110

28,994

Valley

National

Bancorp

243,550

4,278

Veritex

Holdings,

Inc.

107,249

16,831

Virtu

Financial,

Inc.

459,823

8,907

Visa,

Inc.

2,366,323

7,256

Voya

Financial,

Inc.

527,729

1,726

WaFd,

Inc.

61,428

705

Walker

&

Dunlop,

Inc.

75,365

8,899

Webster

Financial

Corporation

441,568

186,332

Wells

Fargo

&

Company

11,056,941

1,269

Wendel

SA

121,585

1,946

Westamerica

Bancorporation

105,006

10,023

Western

Alliance

Bancorp

806,451

21,720

Western

Union

Company

258,251

116,803

Westpac

Banking

Corporation

2,282,656

351

Willis

Towers

Watson

plc

99,080

8,791

Wintrust

Financial

Corporation

951,186

549

WSFS

Financial

Corporation

31,013

5,493

Zions

Bancorp

NA

283,823

6,196

Zurich

Insurance

Group

AG

3,406,377

Total

279,235,684

Health

Care

(10.4%)

2,558

ACELYRIN,

Inc.

a

15,348

3,565

Agilent

Technologies,

Inc.

504,091

1,684

Agios

Pharmaceuticals,

Inc.

a

78,138

3,726

Align

Technology,

Inc.

a

863,985

21,330

Amgen,

Inc.

7,091,585

6,510

Amneal

Pharmaceuticals,

Inc.

a

47,718

1,567

Anika

Therapeutics,

Inc.

a

42,701

5,157

Arcellx,

Inc.

a

318,754

2,341

Argenx

SE

ADR

a

1,207,652

417

Arvinas,

Inc.

a

11,472

4,944

Ascendis

Pharma

AS

ADR

a

660,024

81,400

Astellas

Pharma,

Inc.

944,074

75,902

AstraZeneca

plc

12,058,574

45,601

AstraZeneca

plc

ADR

3,609,319

205,198

Avantor,

Inc.

a

5,489,046

Shares

Common

Stock

(80.5%)

Value

Health

Care

(10.4%)

-

continued

20,389

Baxter

International,

Inc.

$

730,334

9,971

Biogen,

Inc.

a

2,125,817

25,041

Bio-Techne

Corporation

2,043,095

4,401

Bruker

Corporation

301,513

5,555

CareDx,

Inc.

a

111,044

7,329

Caribou

Biosciences,

Inc.

a

17,003

1,597

Castle

Biosciences,

Inc.

a

38,536

4,192

Cencora,

Inc.

997,193

722

Centene

Corporation

a

55,536

2,268

Charles

River

Laboratories

International,

Inc.

a

553,619

3,333

Chemed

Corporation

1,900,343

13,498

Cigna

Group

4,706,348

2,333

Cochlear,

Ltd.

527,154

5,757

Cooper

Companies,

Inc.

a

537,301

820

CRISPR

Therapeutics

AG

a,b

46,978

19,258

CSL,

Ltd.

3,908,662

27,200

Daiichi

Sankyo

Company,

Ltd.

1,107,793

19,831

Danaher

Corporation

5,494,773

3,593

Definitive

Healthcare

Corporation

a

14,013

10,023

Denali

Therapeutics,

Inc.

a

244,261

23,141

Dentsply

Sirona,

Inc.

628,047

14,018

Dexcom,

Inc.

a

950,701

5,876

Editas

Medicine,

Inc.

a

31,789

6,934

Edwards

Lifesciences

Corporation

a

437,189

44,072

Elanco

Animal

Health,

Inc.

a

574,699

15,416

Elevance

Health,

Inc.

8,201,774

11,749

Eli

Lilly

&

Company

9,449,368

1,807

Embecta

Corporation

28,316

570

Enanta

Pharmaceuticals,

Inc.

a

8,413

7,625

Encompass

Health

Corporation

708,667

6,971

Erasca,

Inc.

a

21,959

559

Exelixis,

Inc.

a

13,109

6,889

Fate

Therapeutics,

Inc.

a

36,718

91,870

Gilead

Sciences,

Inc.

6,987,632

16,759

Globus

Medical,

Inc.

a

1,205,978

9,351

GoodRx

Holdings,

Inc.

a

84,627

3,101

Guardant

Health,

Inc.

a

108,938

6,590

Haemonetics

Corporation

a

593,429

8,463

Halozyme

Therapeutics,

Inc.

a

467,665

9,057

HealthEquity,

Inc.

a

710,793

23,000

Hoya

Corporation

2,881,919

7,370

Humana,

Inc.

2,665,066

4,150

ICON

plc

a

1,363,026

2,828

IDEXX

Laboratories,

Inc.

a

1,346,467

1,833

Illumina,

Inc.

a

224,726

12,493

Immunocore

Holdings

plc

ADR

a

495,972

2,524

Inspire

Medical

Systems,

Inc.

a

356,010

539

Integra

LifeSciences

Holdings

Corporation

a

13,373

2,078

Intellia

Therapeutics,

Inc.

a

54,464

13,307

Intuitive

Surgical,

Inc.

a

5,916,425

1,817

IQVIA

Holding,

Inc.

a

447,400

61,942

Johnson

&

Johnson

9,777,545

715

Kymera

Therapeutics,

Inc.

a

33,033

37,851

Labcorp

Holdings,

Inc.

8,154,619

4,629

Laboratorios

Farmaceuticos

ROVI

SA

445,376

9,853

Legend

Biotech

Corporation

ADR

a

555,611

80

Ligand

Pharmaceuticals,

Inc.

a

8,719

1,148

LivaNova

plc

a

56,711

37

Medpace

Holdings,

Inc.

a

14,153

44,444

Medtronic

plc

3,569,742

61,692

Merck

&

Company,

Inc.

6,979,216

3,541

Merck

KGaA

632,680

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

50

Shares

Common

Stock

(80.5%)

Value

Health

Care

(10.4%)

-

continued

320

Mettler-Toledo

International,

Inc.

a

$

486,730

9,406

Molina

Healthcare,

Inc.

a

3,209,986

2,590

Myriad

Genetics,

Inc.

a

72,442

6,465

Natera,

Inc.

a

661,951

2,030

Neurocrine

Biosciences,

Inc.

a

287,387

141,718

Novartis

AG

15,819,675

85,891

Novo

Nordisk

AS

11,379,948

2,500

Novocure,

Ltd.

a

56,925

7,669

Nuvation

Bio,

Inc.

a

29,372

10,300

Ono

Pharmaceutical

Company,

Ltd.

151,949

30,850

Option

Care

Health,

Inc.

a

915,936

8,200

Otsuka

Holdings

Company,

Ltd.

417,940

44,616

Paragon

28,

Inc.

a

347,559

4,155

Penumbra,

Inc.

a

694,259

1,214

Prestige

Consumer

Healthcare,

Inc.

a

85,963

4,254

Prime

Medicine,

Inc.

a,b

23,865

3,424

Pro

Medicus,

Ltd.

323,051

3,258

Prothena

Corporation

plc

a

75,846

928

QIAGEN

NV

41,287

1,232

Quest

Diagnostics,

Inc.

175,314

3,699

RAPT

Therapeutics,

Inc.

a

11,615

86,726

Recordati

SPA

4,721,647

4,252

Recursion

Pharmaceuticals,

Inc.

a,b

34,866

8,221

Relay

Therapeutics,

Inc.

a

67,577

13,431

Repligen

Corporation

a

2,247,678

16,150

Roche

Holding

AG,

Participation

Certificates

5,228,718

5,161

Rocket

Pharmaceuticals,

Inc.

a

124,896

28,128

Royalty

Pharma

plc

792,366

2,449

Sage

Therapeutics,

Inc.

a

26,817

2,036

Sagimet

Biosciences,

Inc.

a,b

6,841

56,556

Sanofi

SA

ADR

2,930,166

4,541

Sarepta

Therapeutics,

Inc.

a

645,912

45,757

scPharmaceuticals,

Inc.

a

230,158

605

Siegfried

Holding

AG

705,160

13,008

Sonova

Holding

AG

3,987,420

30,831

Stevanato

Group

SPA

637,585

144,300

Takeda

Pharmaceutical

Company,

Ltd.

4,051,120

1,399

Teleflex,

Inc.

309,067

1,546

Tenet

Healthcare

Corporation

a

231,436

27,400

Terumo

Corporation

491,237

4,500

Toho

Holdings

Company,

Ltd.

130,853

9,853

Twist

Bioscience

Corporation

a

549,896

2,988

Universal

Health

Services,

Inc.

638,715

7,906

Veeva

Systems,

Inc.

a

1,517,399

16,348

Vericel

Corporation

a

825,901

2,060

West

Pharmaceutical

Services,

Inc.

630,710

2,954

Xenon

Pharmaceuticals,

Inc.

a

127,406

1,882

Zentalis

Pharmaceuticals,

Inc.

a

7,321

45,373

Zimmer

Biomet

Holdings,

Inc.

5,052,284

36,947

Zoetis,

Inc.

6,651,938

Total

214,517,951

Industrials

(11.3%)

5,239

A.O.

Smith

Corporation

445,525

6,282

AAR

Corporation

a

405,817

155,175

ABB,

Ltd.

8,613,242

3,374

ABM

Industries,

Inc.

187,459

378

Acuity

Brands,

Inc.

95,010

9,618

Advanced

Drainage

Systems,

Inc.

1,702,771

13,746

AECOM

1,245,525

Shares

Common

Stock

(80.5%)

Value

Industrials

(11.3%)

-

continued

5,953

Aena

SME

SA

c

$

1,131,063

5,686

AGCO

Corporation

536,872

7,889

Alfa

Laval

AB

348,820

6,084

Alight,

Inc.

a

46,056

2,368

Allison

Transmission

Holdings,

Inc.

209,781

1,953

AMETEK,

Inc.

338,806

1,952

Applied

Industrial

Technologies,

Inc.

425,907

2,331

Arcosa,

Inc.

216,573

4,752

Armstrong

World

Industries,

Inc.

624,413

171,945

Assa

Abloy

AB

5,236,466

238,229

Atlas

Copco

AB,

Class

A

4,239,918

18,682

Atlas

Copco

AB,

Class

B

292,297

13,753

Atmus

Filtration

Technologies,

Inc.

a

424,143

89,867

Aurizon

Holdings,

Ltd.

219,120

11,342

AZEK

Company,

Inc.

a

509,142

1,246

AZZ,

Inc.

99,630

25,291

Badger

Infrastructure

Solutions,

Ltd.

714,409

15,125

Barnes

Group,

Inc.

610,142

7,092

Beacon

Roofing

Supply,

Inc.

a

729,058

3,558

Booz

Allen

Hamilton

Holding

Corporation

509,897

9,145

Brady

Corporation

654,873

67,603

Brambles,

Ltd.

689,190

19,233

BWX

Technologies,

Inc.

1,913,491

66,683

Canadian

National

Railway

Company

7,719,512

2,632

Canadian

Pacific

Kansas

City,

Ltd.

220,717

3,246

Carlisle

Companies,

Inc.

1,358,711

8,170

Casella

Waste

Systems,

Inc.

a

846,085

18,947

Caterpillar,

Inc.

6,559,451

11,737

CECO

Environmental

Corporation

a

342,720

114,500

CK

Hutchison

Holdings,

Ltd.

598,161

4,625

Clean

Harbors,

Inc.

a

1,104,126

402,244

CNH

Industrial

NV

4,283,899

335,500

ComfortDelGro

Corporation,

Ltd.

351,979

59,378

Compagnie

de

Saint-Gobain

SA

5,093,792

43,127

Compania

de

Distribucion

Integral

Logista

Holdings

SA

1,277,172

19,359

Computershare,

Ltd.

349,159

12,800

COMSYS

Holdings

Corporation

275,561

1,387

CSW

Industrials,

Inc.

449,971

114,654

CSX

Corporation

4,024,355

2,647

Cummins,

Inc.

772,395

465

Curtiss-Wright

Corporation

137,036

3,900

Daikin

Industries,

Ltd.

565,526

92,035

Delta

Air

Lines,

Inc.

3,959,346

2,985

DNOW,

Inc.

a

45,850

5,988

Donaldson

Company,

Inc.

448,022

40

Dover

Corporation

7,370

29,113

Eiffage

SA

2,897,379

3,978

EMCOR

Group,

Inc.

1,493,500

125

ESCO

Technologies,

Inc.

15,370

73,597

ExlService

Holdings,

Inc.

a

2,595,030

59,115

Experian

plc

2,789,036

106,392

Fastenal

Company

7,527,234

3,010

Ferguson

Enterprises,

Inc.

670,177

136,903

Flowserve

Corporation

6,920,447

13,025

Fluor

Corporation

a

626,503

4,753

Gates

Industrial

Corporation

plc

a

88,358

19,677

General

Dynamics

Corporation

5,877,717

1,232

Gibraltar

Industries,

Inc.

a

91,501

5,603

Graco,

Inc.

476,535

869

Griffon

Corporation

62,620

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

51

Shares

Common

Stock

(80.5%)

Value

Industrials

(11.3%)

-

continued

13,238

Helios

Technologies,

Inc.

$

608,286

556

Herc

Holdings,

Inc.

86,647

16,114

Hexcel

Corporation

1,066,908

87,000

Hitachi,

Ltd.

1,879,781

25,436

Honeywell

International,

Inc.

5,208,021

37,571

Howmet

Aerospace,

Inc.

3,595,545

747

Huntington

Ingalls

Industries,

Inc.

209,145

7,242

IDEX

Corporation

1,509,812

43,500

Inaba

Denki

Sangyo

Company,

Ltd.

1,140,511

2,871

Ingersoll

Rand,

Inc.

288,248

2,357

Interface,

Inc.

40,729

17,800

ITOCHU

Corporation

912,846

4,019

ITT

Corporation

568,528

26,172

Jacobs

Solutions,

Inc.

3,830,272

52,613

Janus

International

Group,

Inc.

a

758,679

32,400

Jardine

Matheson

Holdings,

Ltd.

1,141,418

26,676

JB

Hunt

Transport

Services,

Inc.

4,618,949

8,900

Kajima

Corporation

171,979

3,166

Kirby

Corporation

a

389,038

33,000

Komatsu,

Ltd.

938,110

8,133

Korn

Ferry

599,565

4,721

Kratos

Defense

&

Security

Solutions,

Inc.

a

106,411

20,710

L3Harris

Technologies,

Inc.

4,698,892

2,465

Landstar

System,

Inc.

468,966

57,478

Legrand

SA

6,213,098

1,644

Leidos

Holdings,

Inc.

237,394

6,282

Masco

Corporation

489,054

29,582

Masterbrand,

Inc.

a

533,955

1,231

Matson,

Inc.

163,366

14,600

MEITEC

Group

Holdings,

Inc.

329,669

119,000

Mitsubishi

Corporation

2,457,594

30,800

Mitsubishi

Heavy

Industries,

Ltd.

369,171

39,600

Mitsui

&

Company,

Ltd.

918,874

12,373

MSC

Industrial

Direct

Company,

Inc.

1,100,578

15,106

Mueller

Water

Products,

Inc.

312,392

3,700

Nishimatsu

Construction

Company,

Ltd.

120,596

20,100

Nitto

Kogyo

Corporation

457,000

9,937

Northrop

Grumman

Corporation

4,812,688

21,512

nVent

Electric

plc

1,562,417

6,656

Old

Dominion

Freight

Line,

Inc.

1,398,958

6,201

Oshkosh

Corporation

673,739

2,285

Otis

Worldwide

Corporation

215,933

6,776

Owens

Corning,

Inc.

1,262,911

2,537

PACCAR,

Inc.

250,300

881

Parker-Hannifin

Corporation

494,382

13,426

Pentair

plc

1,179,743

34,200

Recruit

Holdings

Company,

Ltd.

1,961,141

7,772

Regal

Rexnord

Corporation

1,248,805

145,575

RELX

plc

6,870,753

1,183

Republic

Services,

Inc.

229,881

2,428

Resideo

Technologies,

Inc.

a

55,164

12,255

Robert

Half,

Inc.

786,648

3,371

Rockwell

Automation,

Inc.

939,329

1,743

Rush

Enterprises,

Inc.

88,910

11,128

Russel

Metals,

Inc.

323,527

3,310

Saia,

Inc.

a

1,383,084

2,700

Sankyu,

Inc.

92,226

21,805

Schneider

Electric

SE

5,255,779

11,808

Schneider

National,

Inc.

317,753

33,800

Secom

Company,

Ltd.

2,158,223

795

Sensata

Technologies

Holding

plc

30,997

Shares

Common

Stock

(80.5%)

Value

Industrials

(11.3%)

-

continued

12,451

Siemens

AG

$

2,279,744

4,249

Simpson

Manufacturing

Company,

Inc.

816,190

4,408

SkyWest,

Inc.

a

352,376

200

SMC

Corporation

97,313

5,700

Sojitz

Corporation

134,823

8,521

SS&C

Technologies

Holdings,

Inc.

621,607

55,500

Sumitomo

Corporation

1,379,039

21,500

Swire

Pacific,

Ltd.

185,476

3,200

Takara

Standard

Company,

Ltd.

36,925

146,500

Techtronic

Industries

Company,

Ltd.

1,876,181

119

Tennant

Company

12,815

2,941

Terex

Corporation

186,048

8,469

Thomson

Reuters

Corporation

1,372,498

5,769

Timken

Company

501,615

94,300

TOPPAN

Holdings,

Inc.

2,667,384

13,439

Toromont

Industries,

Ltd.

1,249,823

11,400

Toyota

Industries

Corporation

958,399

1,670

Trane

Technologies

plc

558,248

520

TransDigm

Group,

Inc.

672,994

15,371

TransUnion

1,387,386

38,668

Trelleborg

AB

1,437,003

17,800

Tsubakimoto

Chain

Company

769,767

89,160

Uber

Technologies,

Inc.

a

5,748,145

73

UniFirst

Corporation/MA

14,201

14,654

United

Airlines

Holdings,

Inc.

a

665,585

62,017

United

Parcel

Service,

Inc.

8,085,156

374

United

Rentals,

Inc.

283,155

4,496

Upwork,

Inc.

a

54,492

4,691

Verra

Mobility

Corporation

a

141,340

247

Viad

Corporation

a

8,213

12,279

Vinci

SA

1,401,256

1,174

Wabtec

Corporation

189,190

5,876

Waste

Connections,

Inc.

1,044,577

2,575

Watsco,

Inc.

1,260,437

23,912

Werner

Enterprises,

Inc.

937,111

12,686

WNS

Holdings,

Ltd.

a

755,832

17,218

Wolters

Kluwer

NV

2,882,458

9,100

Yuasa

Trading

Company,

Ltd.

339,501

27,830

Zigup

plc

151,916

Total

231,987,276

Information

Technology

(14.9%)

54,378

Advanced

Micro

Devices,

Inc.

a

7,856,533

35,200

Advantest

Corporation

1,558,001

7,460

Agilysys,

Inc.

a

836,191

2,147

Ambarella,

Inc.

a

113,018

36,761

Amphenol

Corporation

2,362,262

140,857

Apple,

Inc.

31,281,523

25,776

Applied

Materials,

Inc.

5,469,667

2,370

AppLovin

Corporation

a

182,727

4,212

Arista

Networks,

Inc.

a

1,459,669

6,739

ASGN,

Inc.

a

637,981

3,718

ASM

International

NV

2,558,066

14,298

ASML

Holding

NV

13,313,902

1,031

Atlassian

Corporation

a

182,044

1,625

Autodesk,

Inc.

a

402,220

21,920

Broadcom,

Inc.

3,522,106

6,800

Canon,

Inc.

212,852

9,678

CCC

Intelligent

Solutions

Holdings,

Inc.

a

99,296

24,447

CDW

Corporation

5,332,135

17,330

Check

Point

Software

Technologies,

Ltd.

a

3,179,189

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

52

Shares

Common

Stock

(80.5%)

Value

Information

Technology

(14.9%)

-

continued

124,503

Cisco

Systems,

Inc.

$

6,032,170

4,429

Clearwater

Analytics

Holdings,

Inc.

a

86,587

11,418

Coherent

Corporation

a

795,606

2,496

CommScope

Holding

Company,

Inc.

a

6,465

7,979

CommVault

Systems,

Inc.

a

1,219,590

612

Consensus

Cloud

Solutions,

Inc.

a

13,036

1,099

Constellation

Software,

Inc./

Canada

3,467,615

21,131

Crane

NXT

Company

1,328,717

2,959

Credo

Technology

Group

Holding,

Ltd.

a

82,112

5,839

CyberArk

Software,

Ltd.

a

1,497,003

48,820

Dassault

Systemes

SE

1,850,708

2,646

Datadog,

Inc.

a

308,100

10,242

Descartes

Systems

Group,

Inc.

a

1,041,099

3,400

DISCO

Corporation

1,136,949

53

DocuSign,

Inc.

a

2,940

292

Dolby

Laboratories,

Inc.

22,998

19,158

Dynatrace

Holdings,

LLC

a

841,419

341

Elastic

NV

a

37,397

3,403

Enphase

Energy,

Inc.

a

391,719

2,444

F5,

Inc.

a

497,696

4,848

Fabrinet

a

1,069,275

9,778

Flex,

Ltd.

a

314,363

58,736

Fortinet,

Inc.

a

3,409,037

4,100

Fuji

Soft,

Inc.

196,432

67,700

FUJIFILM

Holdings

NPV

1,609,631

2,815

Gartner,

Inc.

a

1,410,850

28,718

Gitlab,

Inc.

a

1,471,223

5,184

Globant

SA

a

1,009,377

422

GoDaddy,

Inc.

a

61,380

21,577

Guidewire

Software,

Inc.

a

3,238,060

54,358

Halma

plc

1,860,590

3,247

Hewlett

Packard

Enterprise

Company

64,648

2,582

HubSpot,

Inc.

a

1,283,331

65,021

International

Business

Machines

Corporation

12,493,135

1,051

IPG

Photonics

Corporation

a

84,500

1,694

Itron,

Inc.

a

175,227

5,109

Jabil,

Inc.

575,631

48,947

JFrog,

Ltd.

a

1,887,396

4,200

Keyence

Corporation

1,836,494

3,851

Keysight

Technologies,

Inc.

a

537,484

27,767

Knowles

Corporation

a

507,303

3,236

Kyndryl

Holdings,

Inc.

a

86,951

179,900

Kyocera

Corporation

2,265,835

1,320

Lam

Research

Corporation

1,216,037

7,800

Lasertec

Corporation

1,383,979

42,229

Lattice

Semiconductor

Corporation

a

2,238,137

3,568

Littelfuse,

Inc.

953,048

16,689

Marvell

Technology,

Inc.

1,117,829

94,021

Microsoft

Corporation

39,333,685

10,264

MKS

Instruments,

Inc.

1,292,238

5,007

MongoDB,

Inc.

a

1,263,567

2,385

Monolithic

Power

Systems,

Inc.

2,058,470

1,029

Motorola

Solutions,

Inc.

410,489

60,300

Murata

Manufacturing

Company,

Ltd.

1,341,553

1,490

nCino,

Inc.

a

48,812

5,600

NEC

Corporation

484,706

5,623

NetApp,

Inc.

714,009

10,400

Nomura

Research

Institute,

Ltd.

321,066

Shares

Common

Stock

(80.5%)

Value

Information

Technology

(14.9%)

-

continued

625

Nova,

Ltd.

a

$

125,582

2,914

Nova,

Ltd.,

Class

S

a

601,654

7,900

NSD

Company,

Ltd.

162,625

20,800

NTT

Data

Group

Corporation

323,948

327,296

NVIDIA

Corporation

38,300,178

2,415

Okta,

Inc.

a

226,865

4,870

Onto

Innovation,

Inc.

a

931,631

200

OSI

Systems,

Inc.

a

29,596

7,100

Otsuka

Corporation

157,391

3,875

Palo

Alto

Networks,

Inc.

a

1,258,329

14,893

PDF

Solutions,

Inc.

a

522,595

485

Procore

Technologies,

Inc.

a

34,450

11,198

PTC,

Inc.

a

1,991,564

6,348

Q2

Holdings,

Inc.

a

428,300

78,202

QUALCOMM,

Inc.

14,150,652

8,500

Rakus

Company,

Ltd.

119,089

108,200

Renesas

Electronics

Corporation

1,863,623

54,300

Rohm

Company,

Ltd.

740,339

3,500

Rorze

Corporation

569,229

27,632

Salesforce,

Inc.

7,151,162

140,705

Samsung

Electronics

Company,

Ltd.

8,676,190

26,662

SAP

SE

5,636,894

10,400

SCREEN

Holdings

Company,

Ltd.

881,294

11,850

ServiceNow,

Inc.

a

9,650,522

1,300

SHIFT,

Inc.

a

99,862

5,412

Silicon

Laboratories,

Inc.

a

650,144

7,113

SolarWinds

Corporation

84,858

2,277

Synopsys,

Inc.

a

1,271,295

25,808

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

4,278,966

3,994

TD

SYNNEX

Corporation

475,965

3,503

TE

Connectivity,

Ltd.

540,618

19,077

Technology

One,

Ltd.

257,701

487

Teledyne

Technologies,

Inc.

a

205,446

2,035

Tenable

Holdings,

Inc.

a

93,447

19,200

Tokyo

Electron,

Ltd.

4,017,552

34,793

Trimble,

Inc.

a

1,897,610

26,711

TTM

Technologies,

Inc.

a

517,659

2,638

Tyler

Technologies,

Inc.

a

1,498,674

5,610

Unisys

Corporation

a

26,704

2,174

Unity

Software,

Inc.

a

35,567

19,765

Varonis

Systems,

Inc.

a

1,089,644

3,237

VeriSign,

Inc.

a

605,351

1,916

Viavi

Solutions,

Inc.

a

15,405

10,351

Vontier

Corporation

406,070

6,338

Western

Digital

Corporation

a

424,963

9,614

Workiva,

Inc.

a

709,225

1,588

Xero,

Ltd.

a

144,694

1,240

Xerox

Holdings

Corporation

13,349

Total

306,739,557

Materials

(3.9%)

83,197

Acerinox

SA

874,193

19,286

Agnico

Eagle

Mines,

Ltd.

1,488,094

17,576

Air

Liquide

SA

3,206,895

12,582

Alcoa

Corporation

415,709

752

AptarGroup,

Inc.

110,529

355

Avery

Dennison

Corporation

76,975

4,877

Avient

Corporation

220,636

36,410

Axalta

Coating

Systems,

Ltd.

a

1,298,017

29,363

Barrick

Gold

Corporation

544,023

8,554

Berry

Plastics

Group,

Inc.

562,169

179,007

BHP

Group,

Ltd.

4,971,906

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

53

Shares

Common

Stock

(80.5%)

Value

Materials

(3.9%)

-

continued

53,592

BlueScope

Steel,

Ltd.

$

778,217

507

Buzzi

SPA

19,877

6,102

Celanese

Corporation

861,297

71,018

CF

Industries

Holdings,

Inc.

5,425,065

17,645

Chemours

Company

426,480

43,945

Corteva,

Inc.

2,465,315

41,465

CRH

plc

3,526,879

41,733

Deterra

Royalties,

Ltd.

109,110

4,323

DuPont

de

Nemours,

Inc.

361,835

2,987

Eagle

Materials,

Inc.

813,360

53,313

Eastman

Chemical

Company

5,508,832

15,046

Element

Solutions,

Inc.

405,490

44,184

Evraz

plc

a,d

6

20,677

Fortescue,

Ltd.

257,280

2,679

Franco-Nevada

Corporation

345,484

947

Givaudan

SA

4,646,035

249,266

Glencore

plc

1,383,132

106,503

Granges

AB

1,300,177

8,961

Heidelberg

Materials

AG

933,551

47,375

Hexpol

AB

529,840

81,369

Holcim

AG

7,603,966

1,797

Huntsman

Corporation

43,002

4,244

Ingevity

Corporation

a

194,757

3,257

Innospec,

Inc.

427,123

354

International

Flavors

&

Fragrances,

Inc.

35,216

2,573

Kaiser

Aluminum

Corporation

202,469

6,319

Knife

River

Corporation

a

502,487

1,102

Koppers

Holdings,

Inc.

44,862

42,100

Kyoei

Steel,

Ltd.

560,325

4,356

Louisiana-Pacific

Corporation

427,585

493

LyondellBasell

Industries

NV

49,034

2,804

Martin

Marietta

Materials,

Inc.

1,663,753

2,652

Minerals

Technologies,

Inc.

207,864

73,800

Mitsubishi

Chemical

Group

Corporation

435,881

15,420

Mosaic

Company

459,053

64,182

Northern

Star

Resources,

Ltd.

595,681

55,533

Nucor

Corporation

9,048,547

4,985

O-I

Glass,

Inc.

a

66,600

8,987

Orica,

Ltd.

105,749

2,764

Orion

SA

68,050

72

Packaging

Corporation

of

America

14,391

71,585

Perseus

Mining,

Ltd.

119,274

1,343

PPG

Industries,

Inc.

170,534

2,847

Radius

Recycling,

Inc.

51,588

42,701

Ranpak

Holdings

Corporation

a

308,301

42,623

Rio

Tinto

plc

2,771,888

8,350

Rio

Tinto,

Ltd.

641,631

7,558

RPM

International,

Inc.

917,995

2,231

Sealed

Air

Corporation

84,890

819

Sensient

Technologies

Corporation

63,923

64,000

Shin-Etsu

Chemical

Company,

Ltd.

2,843,564

147,597

SSAB

AB,

Class

A

761,482

1,161

Steel

Dynamics,

Inc.

154,668

15,104

Summit

Materials,

Inc.

a

631,045

3,484

SunCoke

Energy,

Inc.

40,763

16,300

Taiyo

Holdings

Company,

Ltd.

389,553

5,624

Teck

Resources,

Ltd.

275,632

36,500

Toagosei

Company,

Ltd.

391,020

11,178

Trinseo

plc

32,304

20,704

Tronox

Holdings

plc

334,577

8,086

United

States

Steel

Corporation

332,254

937

Vidrala

SA

97,516

2,670

Vulcan

Materials

Company

732,942

Shares

Common

Stock

(80.5%)

Value

Materials

(3.9%)

-

continued

8,184

West

Fraser

Timber

Company,

Ltd.

$

725,839

6,990

Wheaton

Precious

Metals

Corporation

417,722

8,777

Yara

International

ASA

250,025

Total

80,163,733

Real

Estate

(2.3%)

3,696

Acadia

Realty

Trust

79,981

18,840

Agree

Realty

Corporation

1,299,395

15,462

AvalonBay

Communities,

Inc.

3,168,473

32,825

British

Land

Company

plc

173,982

3,066

Brixmor

Property

Group,

Inc.

78,091

497,400

CapitaLand

Integrated

Commercial

Trust

776,958

42,013

CBRE

Group,

Inc.

a

4,735,285

31,658

Compass,

Inc.

a

138,979

15,938

CoStar

Group,

Inc.

a

1,243,483

49,190

Crown

Castle,

Inc.

5,414,835

30,331

Cushman

and

Wakefield

plc

a

397,639

1,000

Daito

Trust

Construction

Company,

Ltd.

120,260

45,200

Daiwa

House

Industry

Company,

Ltd.

1,279,991

1,786

DiamondRock

Hospitality

Company

14,699

17,649

Douglas

Elliman,

Inc.

a

36,357

5,847

EastGroup

Properties,

Inc.

1,093,330

14,793

EPR

Properties

665,685

5,112

Equinix,

Inc.

4,039,707

46,006

Equity

Commonwealth

a

937,142

48,726

Essential

Properties

Realty

Trust,

Inc.

1,441,802

1,196

Essex

Property

Trust,

Inc.

332,919

4,496

First

Industrial

Realty

Trust,

Inc.

246,021

15,351

Four

Corners

Property

Trust,

Inc.

416,626

8,288

Getty

Realty

Corporation

245,491

4,617

Goodman

Group

106,588

267,939

Healthcare

Realty

Trust,

Inc.

4,739,841

96,000

Henderson

Land

Development

Company,

Ltd.

269,647

2,323

Howard

Hughes

Holdings,

Inc.

a

172,297

25,800

Hulic

Company,

Ltd.

251,836

3,606

Independence

Realty

Trust,

Inc.

67,252

6,465

Industrial

Logistics

Properties

Trust

33,230

20,894

Invitation

Homes,

Inc.

736,931

21,958

LXP

Industrial

Trust

226,167

18,432

Medical

Properties

Trust,

Inc.

88,658

14,582

National

Storage

Affiliates

Trust

620,756

16,420

NetSTREIT

Corporation

270,437

12,700

Nomura

Real

Estate

Holdings,

Inc.

355,025

10,946

Pebblebrook

Hotel

Trust

149,851

20,855

Phillips

Edison

and

Company,

Inc.

732,010

3,744

Plymouth

Industrial

REIT,

Inc.

89,556

10,944

PSP

Swiss

Property

AG

1,462,458

1,403

RE/MAX

Holdings,

Inc.

13,539

6,644

Retail

Opportunity

Investments

Corporation

99,328

1,016

RMR

Group,

Inc.

26,355

4,104

SBA

Communications

Corporation

900,992

4,054

Simon

Property

Group,

Inc.

622,046

36,439

STAG

Industrial,

Inc.

1,487,076

5,004

Sun

Communities,

Inc.

634,157

100,500

Sun

Hung

Kai

Properties,

Ltd.

870,182

14,993

Tanger,

Inc.

433,298

16,186

Terreno

Realty

Corporation

1,107,284

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

54

Shares

Common

Stock

(80.5%)

Value

Real

Estate

(2.3%)

-

continued

21,952

UDR,

Inc.

$

879,617

17,637

Vonovia

SE

540,755

8,432

Zillow

Group,

Inc.,

Class

A

a

399,677

2,970

Zillow

Group,

Inc.,

Class

C

a

144,639

Total

46,908,616

Utilities

(2.2%)

11,618

ACEA

SPA

201,567

12,630

Alliant

Energy

Corporation

702,986

6,938

American

Water

Works

Company,

Inc.

987,694

176,411

APA

Group

914,365

20,407

ATCO,

Ltd.

633,058

52,957

Canadian

Utilities,

Ltd.

1,240,068

23,451

Clearway

Energy,

Inc.,

Class

A

577,598

16,980

Clearway

Energy,

Inc.,

Class

C

453,026

92,000

CLP

Holdings,

Ltd.

789,601

22,955

Constellation

Energy

Corporation

4,356,859

51,190

Contact

Energy,

Ltd.

258,959

5,794

DTE

Energy

Company

698,351

51,284

Duke

Energy

Corporation

5,603,803

674,926

Enel

SPA

4,818,421

43,754

Engie

SA

687,821

44,424

Entergy

Corporation

5,151,851

16,853

Evergy,

Inc.

977,474

8,043

Eversource

Energy

522,071

152,465

Fortum

Oyj

2,344,455

9,340

Hawaiian

Electric

Industries,

Inc.

154,670

35,319

Hydro

One,

Ltd.

1,106,908

308,000

Italgas

SPA

b

1,646,929

20,450

NextEra

Energy

Partners,

LP

b

522,498

29,367

NiSource,

Inc.

917,719

94,568

Origin

Energy,

Ltd.

648,876

9,945

PNM

Resources,

Inc.

413,513

9,371

Portland

General

Electric

Company

443,998

61,313

Public

Service

Enterprise

Group,

Inc.

4,890,938

12,370

Redeia

Corporacion

SA

219,628

37,930

TransAlta

Corporation

285,715

51,616

UGI

Corporation

1,279,044

10,414

Vistra

Energy

Corporation

824,997

20,314

Xcel

Energy,

Inc.

1,183,900

Total

46,459,361

Total

Common

Stock

(cost

$1,232,576,966)

1,658,340,045

Shares

Registered

Investment

Companies

(

6.0%

)

Value

U.S.

Affiliated  (4.9%)

5,834,035

Thrivent

Core

Emerging

Markets

Equity

Fund

55,715,032

3,908,105

Thrivent

Core

Small

Cap

Value

Fund

45,412,185

Total

101,127,217

U.S.

Unaffiliated  (1.1%)

8,894

Invesco

QQQ

Trust

Series

1

4,189,696

26,453

SPDR

S&P

500

ETF

Trust

14,570,577

33,135

SPDR

S&P

Biotech

ETF

b

3,282,353

Shares

Registered

Investment

Companies

(6.0%)

Value

U.S.

Unaffiliated  (1.1%)-

continued

1,746

SPDR

S&P

Oil

&

Gas

Exploration

ETF

b

$

255,597

Total

22,298,223

Total

Registered

Investment

Companies

(cost

$109,694,539)

123,425,440

Shares

Collateral

Held

for

Securities

Loaned

(

0.4%

)

Value

7,902,057

Thrivent

Cash

Management

Trust

7,902,057

Total

Collateral

Held

for

Securities

Loaned

(cost

$7,902,057)

7,902,057

Shares

Preferred

Stock

(

<0.1%

)

Value

Consumer

Discretionary

(<0.1%)

1,877

Bayerische

Motoren

Werke

AG

160,919

Total

160,919

Consumer

Staples

(<0.1%)

6,097

Henkel

AG

&

Company

KGaA

521,549

Total

521,549

Total

Preferred

Stock

(cost

$658,628)

682,468

Shares

or

Principal

Amount

Short-Term

Investments

(

13.2%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

24,325,000

5.250%,

8/1/2024

e

24,321,449

1,800,000

5.250%,

8/7/2024

e,f

1,798,161

7,100,000

5.245%,

8/16/2024

e,f

7,083,417

25,000,000

5.270%,

8/20/2024

e

24,927,014

71,145,000

5.261%,

8/21/2024

e,f

70,926,911

30,000,000

5.268%,

8/23/2024

e

29,899,279

300,000

5.252%,

9/4/2024

e

298,470

4,500,000

5.225%,

9/17/2024

e,f

4,468,530

800,000

5.240%,

9/18/2024

e,f

794,289

800,000

5.195%,

10/18/2024

e,f

791,012

400,000

5.215%,

10/30/2024

e,f

394,823

100,000

5.175%,

11/8/2024

e,f

98,603

300,000

5.105%,

11/22/2024

e,f

295,221

Federal

Home

Loan

Mortgage

Corporation

Discount

Notes

25,000,000

5.240%,

8/2/2024

e

24,992,701

10,000,000

5.260%,

9/19/2024

e

9,927,153

Federal

National

Mortgage

Association

Discount

Notes

67,250,000

5.245%,

8/1/2024

e

67,240,184

U.S.

Treasury

Bills

5,000,000

5.266%,

8/13/2024

e

4,991,196

Total

Short-Term

Investments

(cost

$273,286,616)

273,248,413

Total

Investments

(cost

$1,624,118,806)

100.1%

$2,063,598,423

Other

Assets

and

Liabilities,

Net

(0.1%)

(2,479,522)

Total

Net

Assets

100.0%

$2,061,118,901

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

55

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$9,324,847

or

0.5%

of

total

net

assets.

d

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

e

The

interest

rate

shown

reflects

the

yield.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Global

Stock

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Common

Stock

$

7,676,157

Total

lending

$7,676,157

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$7,902,057

Net

amounts

due

to

counterparty

$225,900

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

56

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Global

Stock

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

104,424,160

83,858,294

20,565,866

–

Consumer

Discretionary

177,040,500

118,000,963

59,039,537

–

Consumer

Staples

84,527,831

53,535,697

30,992,134

–

Energy

86,335,376

56,812,481

29,522,895

–

Financials

279,235,684

161,136,584

118,099,100

–

Health

Care

214,517,951

144,603,001

69,914,950

–

Industrials

231,987,276

135,432,955

96,554,321

–

Information

Technology

306,739,557

247,565,165

59,174,392

–

Materials

80,163,733

38,026,963

42,136,764

6

Real

Estate

46,908,616

40,700,934

6,207,682

–

Utilities

46,459,361

30,662,990

15,796,371

–

Registered

Investment

Companies

U.S.

Unaffiliated

22,298,223

22,298,223

–

–

Preferred

Stock

Consumer

Discretionary

160,919

–

160,919

–

Consumer

Staples

521,549

–

521,549

–

Short-Term

Investments

273,248,413

–

273,248,413

–

Subtotal

Investments

in

Securities

$1,954,569,149

$1,132,634,250

$821,934,893

$6

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

101,127,217

Collateral

Held

for

Securities

Loaned

7,902,057

Subtotal

Other

Investments

$109,029,274

Total

Investments

at

Value

$2,063,598,423

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Global

Stock

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

5,952,737

5,952,737

–

–

Total

Asset

Derivatives

$5,952,737

$5,952,737

$–

$–

Liability

Derivatives

Futures

Contracts

17,551,551

17,551,551

–

–

Total

Liability

Derivatives

$17,551,551

$17,551,551

$–

$–

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

57

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Global

Stock

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$18,914,247

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CME

E-mini

Russell

2000

Index

17

September

2024

$

1,747,874

$

184,176

CME

E-mini

S&P

500

Index

1,577

September

2024

433,909,843

4,338,457

CME

E-mini

S&P

Mid-Cap

400

Index

3

September

2024

892,266

43,764

ICE

mini

MSCI

EAFE

Index

371

September

2024

43,282,571

1,046,364

ICE

US

mini

MSCI

Emerging

Markets

Index

354

September

2024

19,068,074

339,976

Total

Futures

Long

Contracts

$

498,900,628

$

5,952,737

CME

E-mini

Russell

2000

Index

(1,016)

September

2024

(

$

104,653,527)

(

$

10,814,873)

CME

E-mini

S&P

Mid-Cap

400

Index

(393)

September

2024

(

115,883,252)

(

6,736,678)

Total

Futures

Short

Contracts

(

$

220,536,779)

($17,551,551)

Total

Futures

Contracts

$

278,363,849

($11,598,814)

Global

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

58

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

  The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Global

Stock

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$49,160

$1,768

$4,000

$55,715

5,834

2.7%

Core

Small

Cap

Value

32,744

606

–

45,412

3,908

2.2

Total

U.S.

Affiliated

Registered

Investment

Companies

81,904

101,127

4.9

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

5,866

84,920

82,884

7,902

7,902

0.4

Total

Collateral

Held

for

Securities

Loaned

5,866

7,902

0.4

Total

Value

$87,770

$109,029

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

($950)

$9,737

$–

$1,769

Core

Small

Cap

Value

–

12,062

–

606

Affiliated

Short-Term

Investments

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$2,375

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

47

Total

Affiliated

Income

from

Securities

Loaned,

Net

$47

Total

($950)

$21,799

$–

Government

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

59

Principal

Amount

Long-Term

Fixed

Income

(

99.2%

)

Value

Asset-Backed

Securities

(9.0%)

Cascade

Funding

Mortgage

Trust,

LLC

$

49,376

0.985%, 

11/25/2050,

Ser.

2021-EBO1,

Class

A

a,b

$

48,561

ECMC

Group

Student

Loan

Trust

135,969

6.462%, 

(SOFR30A

+

1.114%),

1/27/2070,

Ser.

2020-3A,

Class

A1B

a,b

135,607

Finance

of

America

HECM

Buyout

133,095

2.695%, 

2/25/2032,

Ser.

2022-HB1,

Class

A

a,b

130,413

Goodgreen

198,994

3.860%, 

10/15/2054,

Ser.

2019-1A,

Class

A

a

182,743

Kentucky

Higher

Education

Student

Loan

Corporation

Student

Loan

Rev.

401,238

1.650%, 

3/25/2051,

Ser.

2021-1

365,307

Missouri

Higher

Education

Loan

Auth.

348,028

1.530%, 

1/25/2061,

Ser.

2021-1

303,004

Navient

Student

Loan

Trust

421,588

1.310%, 

12/26/2069,

Ser.

2021-1A,

Class

A1A

a

378,396

New

Hampshire

Higher

Education

Loan

Corporation

171,959

6.664%, 

(TSFR1M

+

1.314%),

9/25/2060,

Ser.

2020-1,

Class

A1B

b

171,995

RMF

Buyout

Issuance

Trust

82,870

1.259%, 

11/25/2031,

Ser.

2021-HB1,

Class

A

a,b

81,799

Sunnova

Hestia

I

Issuer,

LLC

667,045

5.750%, 

12/20/2050,

Ser.

2023-GRID1,

Class

1A

a,c

680,714

Sunnova

Hestia

II

Issuer,

LLC

293,995

5.630%, 

7/20/2051,

Ser.

2024-GRID1,

Class

1A

a,c

298,359

Total

2,776,898

Collateralized

Mortgage

Obligations

(11.4%)

Federal

Agricultural

Mortgage

Corporation

Real

Estate

Trust

820,573

2.180%, 

1/25/2051,

Ser.

2021-1,

Class

A

a,b,c

655,250

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

83,542

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

80,899

616,184

1.500%, 

3/25/2050,

Ser.

4982,

Class

JA

486,727

800,000

4.000%, 

8/25/2052,

Ser.

5256,

Class

AY

740,009

24,839

2.000%, 

1/15/2041,

Ser.

4074,

Class

JA

24,012

146,448

1.750%, 

6/15/2042,

Ser.

4097,

Class

QN

128,090

Federal

Home

Loan

Mortgage

Corporation

-

SCRT

353,000

2.000%, 

11/25/2059,

Ser.

2020-2,

Class

MT

c

284,485

Principal

Amount

Long-Term

Fixed

Income

(99.2%)

Value

Collateralized

Mortgage

Obligations

(11.4%)

-

continued

Federal

Home

Loan

Mortgage

Corporation

-

SLST

$

700,000

2.250%, 

5/26/2031,

Ser.

2021-1,

Class

A2C

c

$

594,876

Federal

National

Mortgage

Association

-

REMIC

202,214

5.000%, 

3/25/2054,

Ser.

2024-9,

Class

ZC

197,573

95,372

2.000%, 

11/25/2032,

Ser.

2012-123,

Class

BA

88,578

233,489

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

230,192

Total

3,510,691

Commercial

Mortgage-Backed

Securities

(3.0%)

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

600,000

5.180%, 

3/25/2029,

Ser.

K520,

Class

A2

b

617,393

300,000

4.720%, 

5/25/2029,

Ser.

K524,

Class

A2

b,c

303,394

Total

920,787

Mortgage-Backed

Securities

(39.9%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

378,056

2.000%, 

1/1/2052

308,646

396,239

3.000%, 

2/1/2050

352,225

428,106

2.000%, 

5/1/2051

349,563

451,017

4.000%, 

5/1/2052

426,270

58,462

5.000%, 

7/1/2053

57,906

99,044

3.500%, 

9/1/2047

d

91,826

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

163,072

2.500%, 

7/1/2030

154,984

Federal

National

Mortgage

Association

Conventional

10-Yr.

Pass

Through

851,294

2.000%, 

3/1/2033

802,975

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

534,377

3.500%, 

5/1/2040

507,189

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

95,056

2.000%, 

2/1/2051

77,625

79,246

2.000%, 

2/1/2051

64,714

781,247

2.500%, 

2/1/2051

663,878

615,097

3.000%, 

5/1/2051

548,452

510,717

3.000%, 

6/1/2050

456,983

600,835

3.500%, 

8/1/2050

554,313

507,923

3.500%, 

9/1/2052

464,698

119,124

2.000%, 

11/1/2051

97,045

482,921

2.000%, 

12/1/2050

392,904

1,862,202

4.500%, 

12/1/2052

1,808,605

150,000

6.000%, 

8/1/2041

d

152,127

1,100,000

5.500%, 

8/1/2042

d

1,101,684

99,245

3.500%, 

12/1/2047

d

92,093

Government

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

60

Principal

Amount

Long-Term

Fixed

Income

(99.2%)

Value

Mortgage-Backed

Securities

(39.9%)

-

continued

$

350,000

4.000%, 

8/1/2048

d

$

327,980

100,000

5.000%, 

8/1/2048

98,471

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

910,465

2.500%, 

3/1/2062

735,619

371,192

3.500%, 

7/1/2061

331,246

373,258

4.000%, 

12/1/2061

345,577

Government

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

925,000

5.000%, 

8/1/2054

d

914,655

Total

12,280,253

U.S.

Government

&

Agencies

(35.9%)

Federal

Home

Loan

Bank

950,000

5.900%, 

3/10/2043

952,010

Tennessee

Valley

Authority

385,000

5.250%, 

9/15/2039

407,551

U.S.

Treasury

Bonds

2,075,000

1.375%, 

8/15/2050

1,098,858

U.S.

Treasury

Notes

2,525,000

4.625%, 

6/30/2026

2,539,696

3,845,000

3.875%, 

9/30/2029

3,831,933

2,135,000

4.500%, 

11/15/2033

2,208,391

Total

11,038,439

Total

Long-Term

Fixed

Income

(cost

$31,083,616)

30,527,068

Shares

or

Principal

Amount

Short-Term

Investments

(

9.3%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.170%,

10/9/2024

e,f

99,004

Thrivent

Core

Short-Term

Reserve

Fund

274,954

5.600%

2,749,538

Total

Short-Term

Investments

(cost

$2,848,547)

2,848,542

Total

Investments

(cost

$33,932,163)

108.5%

$33,375,610

Other

Assets

and

Liabilities,

Net

(8.5%)

(2,616,249)

Total

Net

Assets

100.0%

$30,759,361

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$2,591,842

or

8.4%

of

total

net

assets.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

e

The

interest

rate

shown

reflects

the

yield.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Definitions:

HECM

-

Home

Equity

Conversion

Mortgage

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

SCRT

-

Seasoned

Credit

Risk

Transfer

Ser.

-

Series

SLST

-

Seasoned

Loans

Structured

Transactions

Reference

Rate

Index:

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

Government

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

61

The

following

table

is

a

reconciliation

of

assets

in

which

significant

unobservable

inputs

(Level

3)

were

used

in

determining

fair

value

for

Government

Bond

Fund as

discussed

in

the

Notes

to

Schedule

of

Investments.

*

Change

in

net

unrealized

appreciation/(depreciation)

on

investments.

^

Net

realized

gains/(losses)

on

investments.

#

Transferred

from

Level

2

to

Level

3

because

of

a

lack

of

observable

market

data,

resulting

from

a

decrease

in

market

activity

for

the

securities.

@

Transferred

from

Level

3

to

Level

2

because

observable

market

data

became

available

for

the

securities.

The

reporting

entity's

Asset

Backed

Securities

Level

3

securities'

fair

value

is

calculated

by

a

vendor

using

the

established

policies

and

procedures

of

the

reporting

entity.

Inputs

used

in

valuation

include

the

principal

and

interest

schedules,

bond

equivalent

ratings,

and

U.S.

Treasury

yields.

Unobservable

inputs

were

weighted

by

the

relative

fair

value

of

the

instruments.

A

significant

increase

or

decrease

in

the

inputs

in

isolation

would

have

resulted

in

a

significantly

lower

or

higher

fair

value

measurement.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Government

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

2,776,898

–

2,776,898

–

Collateralized

Mortgage

Obligations

3,510,691

–

3,510,691

–

Commercial

Mortgage-Backed

Securities

920,787

–

920,787

–

Mortgage-Backed

Securities

12,280,253

–

12,280,253

–

U.S.

Government

&

Agencies

11,038,439

–

11,038,439

–

Short-Term

Investments

99,004

–

99,004

–

Subtotal

Investments

in

Securities

$30,626,072

$–

$30,626,072

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

2,749,538

Subtotal

Other

Investments

$2,749,538

Total

Investments

at

Value

$33,375,610

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Government

Bond

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

33,349

33,349

–

–

Total

Asset

Derivatives

$33,349

$33,349

$–

$–

Investments

in

Securities 

Beginning

Value

10/31/2023

Realized

Gain/

(Loss)^ 

Change

in

Unrealized

Appreciation/

(Depreciation)

* 

Purchases 

Sales 

Transfers

Into

Level

3 #

Transfers

Out

of

Level

3 @

Ending

Value 

7/31/2024

Long

Term

Fixed

Income

 Asset

Backed

Securities

$686,000

$812 

26,857

$-

($32,955) 

-

($680,714) 

$-

Total 

$686,000

$812  

$26,857 

$-

($32,955) 

$-

($680,714)

$-

Government

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

62

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

The

following

table

presents

Government

Bond

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$99,004

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

19

September

2024

$

3,868,628

$

33,349

Total

Futures

Long

Contracts

$

3,868,628

$

33,349

Total

Futures

Contracts

$

3,868,628

$33,349

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

 The

Fund

owns

shares

of

Thrivent

Core

Short-Term

Reser

ve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities. 

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Government

Bond

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$13,011

$43,285

$53,546

$2,750

275

8.9%

Total

Affiliated

Short-Term

Investments

13,011

2,750

8.9

Total

Value

$13,011

$2,750

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$7

($7)

$–

$276

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$276

Total

$7

($7)

$–

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

63

Principal

Amount

Long-Term

Fixed

Income

(

100.9%

)

Value

Alabama

(3.0%)

Black

Belt

Energy

Gas

District,

AL

Gas

Proj.

Rev.

Refg.

$

250,000

5.500%,

6/1/2049,

Ser.

D-1

a

$

265,940

Jacksonville,

AL

Public

Educational

Building

Auth.

Rev.

(JSU

Foundation)

(AGM

Insured)

200,000

5.500%,

8/1/2058,

Ser.

A

b

218,180

Jefferson

County,

AL

Sewer

Rev.

Refg.

Warrants

250,000

5.500%,

10/1/2053

273,185

Mobile

County,

AL

Industrial

Development

Auth.

Solid

Waste

Disposal

Rev.

(AM/NS

Calvert,

LLC)

200,000

5.000%,

6/1/2054,

Ser.

A,

AMT

204,686

Pell

City

Square

Cooperative

District,

AL

Rev.

245,000

7.000%,

4/1/2044,

Ser.

A

259,390

Total

1,221,381

Arizona

(4.0%)

Arizona

Industrial

Development

Auth.

Education

Rev.

(Academies

of

Math

&

Science)

250,000

5.375%,

7/1/2053

c

253,802

Arizona

Industrial

Development

Auth.

Education

Rev.

(Doral

Academy

of

Nevada

-

Pebble

Campus)

200,000

5.000%,

7/15/2050,

Ser.

A

c

200,341

Arizona

Industrial

Development

Auth.

Education

Rev.

(KIPP

Nashville)

350,000

5.000%,

7/1/2047,

Ser.

A

357,598

Arizona

Industrial

Development

Auth.

Education

Rev.

Refg.

(Doral

Academy

of

Northern

Nevada)

350,000

4.000%,

7/15/2051,

Ser.

A

c

289,891

Chandler,

AZ

Industrial

Development

Auth.

Rev.

(Intel

Corporation)

250,000

5.000%,

9/1/2027,

Ser.

2022-

2,

AMT

a

257,745

Maricopa

County,

AZ

Industrial

Development

Auth.

Educational

Fac.

Rev.

(Valley

Christian

Schools)

250,000

6.375%,

7/1/2058,

Ser.

A

c

257,400

Total

1,616,777

Arkansas

(0.6%)

Arkansas

Development

Finance

Auth.

Environmental

Rev.

(United

States

Steel

Corporation)

250,000

5.700%,

5/1/2053,

AMT

262,528

Total

262,528

California

(7.4%)

California

Community

Choice

Financing

Auth.

Rev.

(Clean

Energy)

200,000

5.250%,

10/1/2031,

Ser.

C

a

214,360

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

California

(7.4%)

-

continued

California

Municipal

Finance

Auth.

Fac.

Rev.

(United

Airlines,

Inc.)

$

250,000

4.000%,

7/15/2029,

AMT

$

249,897

California

Municipal

Finance

Auth.

School

Fac.

Rev.

(St.

Mary's

School

-

Aliso

Viejo)

250,000

5.875%,

5/1/2059,

Ser.

A

c

260,838

California

Municipal

Finance

Auth.

Solid

Waste

Disposal

Rev.

(Waste

Management,

Inc.)

250,000

4.125%,

10/1/2041,

Ser.

A,

AMT

a

250,606

California

Municipal

Finance

Auth.

Special

Tax

Rev.

250,000

6.250%,

9/1/2052,

Ser.

C

269,612

California

Statewide

Communities

Development

Auth.

Community

Fac.

District

No.

2021-03

Special

Tax

Rev.

(Laurel

Ranch)

145,000

5.000%,

9/1/2054

d

147,782

Dixon,

CA

Special

Tax

250,000

5.000%,

9/1/2048

254,592

Los

Angeles,

CA

Department

of

Water

&

Power

Rev.

Refg.

200,000

3.850%,

7/1/2035,

Ser.

A

a

200,000

Los

Angeles,

CA

Department

of

Water

&

Power

System

Rev.

Refg.

500,000

3.850%,

7/1/2035,

Ser.

A

a

500,000

River

Islands,

CA

Public

Financing

Auth.

Community

Fac.

District

Special

Tax

150,000

5.625%,

9/1/2053

158,144

San

Diego

County,

CA

Regional

Airport

Auth.

Rev.

250,000

5.250%,

7/1/2058,

Ser.

B,

AMT

268,424

Tejon

Ranch,

CA

Public

Fac.

Financing

Auth.

Community

Facs.

District

No.

2008-1

Special

Tax

Rev.

Refg.

(Tejon

Industrial

Complex

Public

Improvements

-

East)

200,000

5.000%,

9/1/2054

d

205,603

Total

2,979,858

Colorado

(4.8%)

Centerra

Metropolitan

District

No.

1,

Larimer

County,

CO

Special

Rev.

250,000

6.500%,

12/1/2053

257,234

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

(Aspen

View

Academy)

350,000

4.000%,

5/1/2051

309,696

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

(Mountain

Phoenix

Community

School)

200,000

6.250%,

7/1/2053

c

204,337

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

Refg.

(Global

Village

Academy

-

Northglenn)

150,000

5.000%,

12/1/2050

c

135,376

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

64

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Colorado

(4.8%)

-

continued

Colorado

Health

Fac.

Auth.

Rev.

Refg.

(CommonSpirit

Health)

$

350,000

4.000%,

8/1/2049,

Ser.

A-2

$

325,365

Colorado

High

Performance

Transportation

Enterprise

Rev.

225,000

5.000%,

12/31/2056

225,066

Denver,

CO

Health

and

Hospital

Auth.

Healthcare

Rev.

230,000

5.000%,

12/1/2039,

Ser.

A

230,044

Hess

Ranch

Metropolitan

District

No.

5,

CO

Special

Assessment

Rev.

250,000

6.000%,

12/1/2043,

Ser.

A-1

253,232

Total

1,940,350

Connecticut

(0.6%)

Connecticut

Health

&

Educational

Fac.

Auth.

Rev.

(McLean

Issue)

250,000

5.000%,

1/1/2045,

Ser.

A

c

227,349

Total

227,349

Delaware

(2.2%)

Bridgeville,

DE

Special

Obligation

(Heritage

Shores

Special

Development

District)

200,000

5.625%,

7/1/2053

c

210,948

Delaware

Economic

Development

Auth.

Charter

School

Rev.

(Newark

Charter

School,

Inc.)

400,000

4.000%,

9/1/2051

351,454

Kent

County,

DE

Student

Housing

and

Dining

Fac.

Rev.

(CHF-

Dover,

LLC

-

Delaware

State

University)

230,000

5.000%,

7/1/2040,

Ser.

A

233,440

University

of

Delaware

Rev.

100,000

4.050%,

11/1/2034,

Ser.

B

a

100,000

Total

895,842

District

Of

Columbia

(0.7%)

Metropolitan

Washington

DC

Airports

Auth.

Airport

System

Rev.

Refg.

250,000

5.250%,

10/1/2048,

Ser.

A,

AMT

268,084

Total

268,084

Florida

(8.3%)

Alachua

County,

FL

Health

Fac.

Auth.

Rev.

Refg.

(Oak

Hammock

at

the

University

of

Florida,

Inc.)

250,000

4.000%,

10/1/2046

213,426

Cape

Coral,

FL

Utility

Improvement

Assessment

Refg.

(North

1

West

Area)

(BAM

Insured)

250,000

5.650%,

3/1/2054

b

279,189

Capital

Projects,

FL

Finance

Auth.

Student

Housing

Rev.

(Provident

Group

-

Continuum

Properties)

150,000

5.000%,

11/1/2053,

Ser.

A-1

150,459

Charlotte

County,

FL

Industrial

Development

Auth.

Utility

System

Rev.

(Town

and

Country

Utilities)

250,000

4.000%,

10/1/2051,

AMT

c

209,285

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Florida

(8.3%)

-

continued

Florida

Development

Finance

Corporation

Educational

Fac.

Lease

Rev.

Refg.

(Seaside

Community

Charter

School)

$

225,000

5.750%,

6/15/2047,

Ser.

A

$

235,316

Florida

Development

Finance

Corporation

Educational

Fac.

Rev.

(River

City

Science

Academy)

150,000

5.000%,

7/1/2051,

Ser.

A-1

152,487

250,000

4.000%,

7/1/2055,

Ser.

A

213,425

Florida

Development

Finance

Corporation

Healthcare

Fac.

Rev.

(Tampa

General

Hospital)

250,000

4.500%,

8/1/2055,

Ser.

A

248,492

Florida

Development

Finance

Corporation

Senior

Living

Rev.

Refg.

(Glenridge

Palmer

Ranch)

250,000

5.000%,

6/1/2051

c

235,558

Florida

Development

Finance

Corporation

Student

Housing

Rev.

(Sinking

Fund

Protection

-

Tampa

I,

LLC

-

The

Henry)

250,000

5.250%,

6/1/2059,

Ser.

A-1

c

254,208

Florida

Higher

Educational

Fac.

Financing

Auth.

Rev.

(Ringling

College)

300,000

5.000%,

3/1/2049

303,781

Lee

County,

FL

Industrial

Development

Auth.

Health

Care

Fac.

Rev.

(Cypress

Cove

at

Healthpark,

FL,

Inc.)

300,000

5.250%,

10/1/2052,

Ser.

A

274,884

Osceola

County,

FL

Transportation

Rev.

Refg.

300,000

Zero

Coupon,

10/1/2043,

Ser.

A-2

118,349

Seminole

County,

FL

Industrial

Development

Auth.

Educational

Fac.

Rev.

(Galileo

Schools

for

Gifted

Learning)

290,000

4.000%,

6/15/2056,

Ser.

A

c

238,020

Village

Community

Development

District

No.

15

Rev.

(City

of

Wildwood,

FL)

200,000

5.250%,

5/1/2054

c

206,719

Total

3,333,598

Georgia

(1.8%)

George

L.

Smith

II

GA

World

Congress

Center

Auth.

Rev.

(Convention

Center

Hotel)

250,000

4.000%,

1/1/2054,

Ser.

A

222,753

Main

Street

Natural

Gas,

Inc.,

GA

Gas

Supply

Rev.

250,000

5.000%,

5/15/2028,

Ser.

A

260,130

Monroe

County,

GA

Development

Auth.

Pollution

Control

Rev.

(Georgia

Power

Company

Plant

Scherer)

250,000

3.875%,

10/1/2048

a

252,289

Total

735,172

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

65

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Guam

(0.8%)

Guam

Power

Auth.

Rev.

Refg.

$

300,000

5.000%,

10/1/2034,

Ser.

A

$

329,528

Total

329,528

Idaho

(1.2%)

Avimor

Community

Infrastructure

District

No.

1,

ID

Special

Assessment

(Assessment

Area

Five)

250,000

5.875%,

9/1/2053

c

260,267

College

of

Western

Idaho

Annual

Appropriation

C.O.P

200,000

5.000%,

8/1/2052

206,290

Total

466,557

Illinois

(3.0%)

Chicago,

IL

G.O.

250,000

5.000%,

1/1/2039,

Ser.

A

258,425

Illinois

Finance

Auth.

Rev.

(Plymouth

Place,

Inc.)

200,000

6.500%,

5/15/2047,

Ser.

A

213,561

Illinois

Finance

Auth.

Rev.

Refg.

(DePaul

College

Prep

Foundation)

250,000

5.625%,

8/1/2053,

Ser.

A

c

265,137

Illinois

Finance

Auth.

Student

Housing

and

Academic

Fac.

Rev.

(University

of

Illinois

at

Chicago)

150,000

5.000%,

2/15/2037

151,554

Illinois

G.O.

235,000

5.000%,

12/1/2025,

Ser.

B

240,492

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

(McCormick

Place

Expansion)

(NATL-RE

Insured)

115,000

Zero

Coupon,

6/15/2035,

Ser.

A

b

75,342

Total

1,204,511

Indiana

(2.8%)

Indiana

Finance

Auth.

Health

Fac.

Rev.

(Margaret

Mary

Health)

150,000

5.750%,

3/1/2054,

Ser.

A

162,320

Indiana

Finance

Auth.

Student

Housing

Rev.

(Tippecanoe,

LLC

Student

Housing)

250,000

5.375%,

6/1/2064,

Ser.

A

261,011

Indiana

Housing

&

Community

Development

Auth.

Rev.

(Vita

of

Marion)

150,000

5.250%,

4/1/2041,

Ser.

A

*,c

124,527

Indiana

Housing

&

Community

Development

Auth.

Rev.

(Vita

of

New

Whiteland)

150,000

6.750%,

1/1/2043

152,391

Indianapolis,

IN

Local

Public

Improvement

Bank

Convention

Center

Hotel

Rev.

250,000

6.125%,

3/1/2057,

Ser.

E

275,539

Valparaiso,

IN

Exempt

Fac.

Rev.

Refg.

(Pratt

Paper,

LLC)

150,000

5.000%,

1/1/2054,

AMT

c

155,001

Total

1,130,789

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Iowa

(1.7%)

Iowa

Finance

Auth.

Rev.

(Lifespace

Communities,

Inc.)

$

160,000

5.000%,

5/15/2032,

Ser.

A

$

161,158

150,000

5.000%,

5/15/2043,

Ser.

A

148,726

Iowa

Higher

Education

Loan

Auth.

Fac.

Rev.

(Des

Moines

University)

350,000

5.375%,

10/1/2052

364,092

Total

673,976

Kansas

(0.4%)

Overland

Park,

KS

Sales

Tax

Special

Obligation

Rev.

(Bluhawk

Sports

Park)

150,000

6.500%,

11/15/2042,

Ser.

A

c

154,286

Total

154,286

Louisiana

(0.5%)

St.

John

the

Baptist

Parish,

LA

Rev.

Refg.

(Marathon

Oil

Corporation)

200,000

4.050%,

6/1/2037,

Ser.

A-1

a

200,324

Total

200,324

Maryland

(1.7%)

Maryland

Economic

Development

Corporation

Student

Housing

Rev.

(Morgan

State

University)

200,000

6.000%,

7/1/2058,

Ser.

A

221,647

Maryland

Economic

Development

Corporation

Student

Housing

Rev.

(University

of

Maryland,

College

Park

-

Leonardtown)

(AGM

Insured)

250,000

5.250%,

7/1/2064

b

265,848

Prince

George's

County,

MD

Tax

Allocation

(West

Phalia

Town

Center)

200,000

5.000%,

7/1/2030

c

203,568

Total

691,063

Massachusetts

(1.8%)

Massachusetts

Development

Finance

Agency

Rev.

(Merrimack

College)

200,000

5.000%,

7/1/2052

202,259

Massachusetts

Transportation

Fund

Rev.

(Rail

Enhancement)

500,000

5.000%,

6/1/2053,

Ser.

A

543,161

Total

745,420

Michigan

(0.8%)

Michigan

Strategic

Fund

Limited

Obligation

Rev.

(I-75

Improvement)

100,000

5.000%,

12/31/2033,

AMT

103,597

225,000

5.000%,

12/31/2043,

AMT

229,273

Total

332,870

Minnesota

(4.4%)

Apple

Valley,

MN

Senior

Housing

Rev.

(PHS

Apple

Valley

Senior

Housing,

Inc.

-

Orchard

Path

Phase

II)

290,000

4.000%,

9/1/2041

267,616

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

66

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Minnesota

(4.4%)

-

continued

Bethel,

MN

Housing

and

Health

Care

Fac.

Rev.

Refg.

$

150,000

6.250%,

3/1/2054,

Ser.

A

$

150,633

Cuyuna

Range

Hospital

District,

MN

Health

Care

Fac.

Rev.

150,000

5.750%,

5/1/2053

155,150

Deephaven,

MN

Charter

School

Lease

Rev.

(Eagle

Ridge

Academy)

250,000

5.000%,

7/1/2043,

Ser.

A

251,734

Duluth,

MN

Economic

Development

Auth.

Health

Care

Fac.

Rev.

(St.

Luke's

Hospital

of

Duluth

Obligated

Group)

250,000

5.250%,

6/15/2047,

Ser.

B

271,797

Minnesota

Higher

Education

Fac.

Auth.

Rev.

(University

of

St.

Thomas)

320,000

5.000%,

10/1/2052,

Ser.

A

335,010

St.

Joseph,

MN

Senior

Housing

&

Healthcare

Rev.

(Woodcrest

of

Country

Manor)

225,000

5.000%,

7/1/2055,

Ser.

A

198,085

Woodbury,

MN

Charter

School

Lease

Rev.

Refg.

(MSA

Building

Company)

200,000

4.000%,

12/1/2050

164,772

Total

1,794,797

Mississippi

(0.4%)

Mississippi

Business

Finance

Commission

Gulf

Opportunity

Zone

Industrial

Rev.

(Chevron

USA,

Inc.)

180,000

4.050%,

12/1/2030,

Ser.

A

a

180,000

Total

180,000

Missouri

(1.8%)

Lee's

Summit,

MO

Industrial

Development

Auth.

Senior

Living

Fac.

Rev.

Refg.

(John

Knox

Village)

75,000

5.750%,

8/15/2059,

Ser.

A

77,599

140,000

5.000%,

8/15/2042,

Ser.

A

134,999

Ozark,

MO

R-6

School

District

C.O.P

250,000

5.000%,

4/1/2045

264,919

Taney

County,

MO

Industrial

Development

Auth.

Sales

Tax

Rev.

(Big

Cedar

Infrastructure)

250,000

6.000%,

10/1/2049

c

251,469

Total

728,986

Montana

(0.4%)

Montana

Fac.

Finance

Auth.

Health

Care

Fac.

Rev.

(Montana

Children's

Home

and

Hospital)

250,000

4.000%,

7/1/2050,

Ser.

A

168,151

Total

168,151

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Nevada

(1.5%)

Carson

City,

NV

Hospital

Rev.

Refg.

(Carson

Tahoe

Regional

Medical

Center)

$

225,000

5.000%,

9/1/2042,

Ser.

A

$

229,328

Las

Vegas,

NV

Special

Improvement

District

No.

817

Special

Assessment

(Summerlin

Village

29)

250,000

6.000%,

6/1/2053

260,353

Nevada

Department

of

Business

&

Industry

Rev.

(Brightline

West

Passenger

Rail)

100,000

8.125%,

8/8/2024,

Ser

A-4,

AMT

a,d

101,375

Total

591,056

New

Hampshire

(0.7%)

National

Finance

Auth.,

NH

Rev.

(Presbyterian

Senior

Living)

250,000

5.250%,

7/1/2048,

Ser.

A

263,554

Total

263,554

New

Jersey

(1.0%)

Camden

County,

NJ

Improvement

Auth.

School

Rev.

(Kipp:

Cooper

Norcross

Academy

-

2022)

160,000

6.000%,

6/15/2052

172,644

New

Jersey

Transportation

Trust

Fund

Auth.

Rev.

225,000

5.000%,

6/15/2045,

Ser.

AA

226,544

Total

399,188

New

York

(9.4%)

Build

NYC

Resource

Corporation,

NY

Rev.

(East

Harlem

Scholars

Academy

Charter

School)

200,000

5.750%,

6/1/2042

c

213,310

Build

NYC

Resource

Corporation,

NY

Rev.

(Global

Community

Charter

School)

410,000

5.000%,

6/15/2042

420,951

Build

NYC

Resource

Corporation,

NY

Rev.

(New

World

Preparatory

Charter

School)

250,000

4.000%,

6/15/2051

c

202,769

Build

NYC

Resource

Corporation,

NY

Rev.

(Unity

Preparatory

Charter

School

of

Brooklyn)

250,000

5.500%,

6/15/2053,

Ser.

A

c

259,936

New

York

City,

NY

G.O.

205,000

4.050%,

4/1/2036,

Ser.

L-3

a

205,000

250,000

4.500%,

5/1/2049,

Ser.

D-1

256,231

New

York

Dormitory

Auth.

Rev.

Refg.

(Yeshiva

University)

300,000

5.000%,

7/15/2042,

Ser.

A

309,368

New

York

Transportation

Development

Corporation

Exempt

Fac.

Rev.

(State

Thruway

Service

Areas)

250,000

4.000%,

4/30/2053,

AMT

212,881

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

67

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

New

York

(9.4%)

-

continued

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(John

F.

Kennedy

International

Airport

New

Terminal

One)

$

250,000

5.500%,

6/30/2060,

AMT

$

265,985

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(LaGuardia

Airport

Terminal

C&D

Redevelopment)

250,000

5.625%,

4/1/2040,

AMT

270,254

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(Terminal

4

John

F.

Kennedy

International

Airport)

400,000

5.000%,

12/1/2042,

AMT

418,620

Oneida

Indian

Nation,

NY

Tax

Rev.

250,000

6.000%,

9/1/2043,

Ser.

B

c

274,247

Suffolk

County,

NY

Economic

Development

Corporation

Rev.

(St.

Johnland

Assisted

Living,

Inc.)

250,000

5.375%,

11/1/2054

c

209,795

Suffolk

Regional

Off-Track

Betting

Corporation,

NY

Rev.

250,000

6.000%,

12/1/2053

262,279

Total

3,781,626

North

Carolina

(2.3%)

Greater

Asheville,

NC

Regional

Airport

Auth.

Rev.

(AGM

Insured)

250,000

5.250%,

7/1/2053,

AMT

b

266,896

North

Carolina

Medical

Care

Commission

Retirement

Fac.

First

Mortgage

Rev.

(The

United

Methodist

Retirement

Homes)

250,000

5.125%,

10/1/2054,

Ser.

A

259,001

North

Carolina

Medical

Care

Commission

Retirement

Fac.

Rev.

Refg.

(Plantation

Village,

Inc.)

500,000

4.000%,

1/1/2052,

Ser.

A

407,189

Total

933,086

North

Dakota

(0.5%)

Horace,

ND

Refg.

Improvement

U.T.G.O.

200,000

5.000%,

5/1/2048,

Ser.

A

195,993

Total

195,993

Ohio

(2.5%)

Buckeye

Tobacco

Settlement

Financing

Auth.,

OH

Rev.

Refg.

500,000

5.000%,

6/1/2055,

Ser.

B-2

463,032

Cleveland-Cuyahoga

County,

OH

Port

Auth.

Rev.

Refg.

(Flats

East

Bank)

240,000

4.000%,

12/1/2055,

Ser.

A

c

201,322

Ohio

Higher

Educational

Fac.

Commission

Rev.

Refg.

(University

of

Findlay)

100,000

5.000%,

3/1/2034

98,419

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Ohio

(2.5%)

-

continued

Port

of

Greater

Cincinnati,

OH

Development

Auth.

Rev.

Refg.

(Duke

Energy

Convention

Center)

$

250,000

5.000%,

12/1/2063,

Ser.

B

$

261,911

Total

1,024,684

Oklahoma

(0.6%)

Osage

County,

OK

Industrial

Auth.

Use

Tax

Rev.

225,000

6.500%,

9/1/2040

242,570

Total

242,570

Oregon

(1.9%)

Astoria,

OR

Hospital

Fac.

Auth.

Rev.

(Columbia

Memorial

Hospital)

250,000

5.250%,

8/1/2054

265,234

Salem,

OR

Hospital

Fac.

Auth.

Rev.

Refg.

(Capital

Manor)

340,000

4.000%,

5/15/2057

265,894

Umatilla,

OR

Hospital

District

No.

1

G.O.

250,000

5.000%,

6/1/2053

253,166

Total

784,294

Pennsylvania

(2.3%)

Allegheny

County,

PA

Airport

Auth.

Rev.

(Pittsburgh

International

Airport)

350,000

5.000%,

1/1/2051,

Ser.

A,

AMT

362,459

Pennsylvania

Economic

Development

Financing

Auth.

Rev.

(Villanova

University)

300,000

4.000%,

8/1/2054

291,995

Philadelphia,

PA

Auth.

for

Industrial

Development

Charter

School

Rev.

Refg.

(Tacony

Academy

Charter

School)

250,000

5.500%,

6/15/2043

c

261,202

Total

915,656

Puerto

Rico

(0.6%)

Puerto

Rico

Sales

Tax

Financing

Corporation

Rev.

250,000

4.750%,

7/1/2053,

Ser.

A-1

247,815

Total

247,815

South

Carolina

(0.5%)

South

Carolina

Jobs

Economic

Development

Auth.

Rev.

(Bishop

Gadsden

Episcopal

Retirement

Community)

200,000

5.000%,

4/1/2054,

Ser.

A

196,644

Total

196,644

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

68

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

South

Dakota

(0.5%)

Lincoln

County,

SD

Economic

Development

Rev.

(Augustana

College

Association)

$

250,000

4.000%,

8/1/2051

$

212,662

Total

212,662

Tennessee

(1.4%)

Metropolitan

Government

of

Nashville

and

Davidson

County,

TN

Health

and

Educational

Fac.

Board

Rev.

Refg.

(Vanderbilt

University)

250,000

4.000%,

10/1/2054

d

244,985

Metropolitan

Government

of

Nashville

and

Davidson

County,

TN

Health

and

Educational

Fac.

Rev.

Refg.

(Trevecca

Nazarene

University)

300,000

5.000%,

10/1/2034

308,253

Total

553,238

Texas

(6.0%)

Arlington,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(Cypress

Christian

School)

250,000

6.250%,

6/1/2063,

Ser.

CH

c

259,443

Harris

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

(First

Mortgage

Brazos

Presbyterian

Homes,

Inc.)

195,000

5.000%,

1/1/2033,

Ser.

A

194,995

New

Hope

Cultural

Education

Fac.

Finance

Corporation,

TX

Retirement

Fac.

Rev.

(Army

Retirement

Residence

Foundation)

250,000

5.750%,

7/15/2052

250,366

Port

Beaumont,

TX

Navigation

District

Dock

and

Wharf

Fac.

Rev.

(Jefferson

Gulf

Coast

Energy)

250,000

5.250%,

1/1/2054,

Ser.

A,

AMT

c

251,895

San

Antonio,

TX

Education

Fac.

Corporation

Rev.

(Hallmark

University)

250,000

5.000%,

10/1/2031,

Ser.

A

242,062

Tarrant

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Hospital

Rev.

(Baylor

Scott

and

White

Health)

250,000

5.500%,

11/15/2047,

Ser.

D

277,148

Tarrant

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Hospital

Rev.

Refg.

(Methodist

Hospitals

of

Dallas)

150,000

4.050%,

10/1/2041,

Ser.

A-4

a

150,000

Tarrant

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

Refg.

(Trinity

Terrace)

235,000

5.000%,

10/1/2044,

Ser.

A-1

235,688

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Texas

(6.0%)

-

continued

Texas

Private

Activity

Bond

Surface

Transportation

Corporation

Rev.

(Segment

3C)

$

300,000

5.000%,

6/30/2058,

AMT

$

301,608

Upper

Trinity,

TX

Regional

Water

District

Water

Rev.

Refg.

(BAM

Insured)

250,000

4.375%,

8/1/2054

b,d

247,059

Total

2,410,264

Utah

(1.3%)

Black

Desert

Public

Infrastructure

District,

UT

Special

Assessment

(Black

Desert

Assessment

Area

No.1)

250,000

5.625%,

12/1/2053

c

258,156

Utah

Infrastructure

Agency

Telecommunication

Rev.

245,000

6.000%,

10/15/2047

271,141

Total

529,297

Virginia

(2.4%)

James

City

County,

VA

Economic

Development

Auth.

Residential

Care

Fac.

Rev.

(Williamsburg

Landing)

235,000

6.875%,

12/1/2058,

Ser.

A

259,061

Virginia

Small

Business

Financing

Auth.

Rev.

(Transform

66

P3)

230,000

5.000%,

12/31/2047,

AMT

233,664

Virginia

Small

Business

Financing

Auth.

Rev.

Refg.

(95

Express

Lanes,

LLC)

500,000

4.000%,

1/1/2048,

AMT

456,436

Total

949,161

Washington

(1.3%)

Skagit

County,

WA

Public

Hospital

District

No.

1

Hospital

Rev.

(Skagit

Regional

Health)

250,000

5.500%,

12/1/2054

267,167

Washington

Housing

Finance

Commission

Nonprofit

Rev.

Refg.

(Seattle

Academy

of

Arts

and

Sciences)

250,000

6.125%,

7/1/2053

c

274,913

Total

542,080

West

Virginia

(1.0%)

South

Charleston,

WV

Special

District

Excise

Tax

Rev.

Refg.

(South

Charleston

Park

Place)

500,000

4.500%,

6/1/2050

c

397,469

Total

397,469

Wisconsin

(8.1%)

Public

Finance

Auth.,

WI

Charter

School

Rev.

(Founders

Academy

of

Las

Vegas)

250,000

6.625%,

7/1/2053,

Ser.

A

c

261,883

Public

Finance

Auth.,

WI

Charter

School

Rev.

(Quality

Education

Academy)

250,000

6.500%,

7/15/2063,

Ser.

A

c

270,785

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

69

Principal

Amount

Long-Term

Fixed

Income

(100.9%)

Value

Wisconsin

(8.1%)

-

continued

Public

Finance

Auth.,

WI

Education

Rev.

(Unity

Classical

Charter

School;

A

Challenge

Foundation

Academy)

$

250,000

7.000%,

7/1/2058

c

$

261,391

Public

Finance

Auth.,

WI

Hotel

Rev.

(Grand

Hyatt

San

Antonio

Hotel

Acquisition)

335,000

5.000%,

2/1/2052,

Ser.

A

342,864

Public

Finance

Auth.,

WI

Rev.

(AFCO

Airport

Real

Estate

Group)

250,000

5.250%,

7/1/2053,

AMT

254,871

Public

Finance

Auth.,

WI

Rev.

(Fargo-Moorhead

Metropolitan

Area

Flood

Risk

Management)

500,000

4.000%,

3/31/2056,

AMT

421,137

Public

Finance

Auth.,

WI

Rev.

(Mayfair)

150,000

5.500%,

11/15/2032,

Ser.

A-4

c

150,010

Public

Finance

Auth.,

WI

Rev.

Bond

Anticipation

Notes

(Hutsonwood

at

Spring

Hill)

50,000

12.000%,

5/16/2029,

Ser.

A

c

50,552

Public

Finance

Auth.,

WI

Special

Rev.

(Candela,

Fort

Bend

County,

TX)

150,000

6.125%,

12/15/2029

c

148,383

Public

Finance

Auth.,

WI

Special

Rev.

(Lariat,

Williamson

County,

TX)

250,000

Zero

Coupon,

9/1/2029

c

174,647

Public

Finance

Auth.,

WI

Student

Housing

Rev.

(CHF-Manoa,

LLC)

250,000

5.750%,

7/1/2063,

Ser.

A

c

269,545

Public

Finance

Auth.,

WI

Tax

Increment

Rev.

(Miami

WorldCenter)

150,000

5.000%,

6/1/2041,

Ser.

A

c

152,014

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(Dickson

Hollow

Phase

II)

250,000

6.000%,

10/1/2049

255,510

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Benevolent

Corporation

Cedar

Community)

240,000

5.000%,

6/1/2037

235,970

Total

3,249,562

Total

Long-Term

Fixed

Income

(cost

$41,508,127)

40,702,096

Principal

Amount

Short-Term

Investments

(

0.2%

)

e

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.245%,

8/16/2024

f

99,766

Total

Short-Term

Investments

(cost

$99,781)

99,766

Total

Investments

(cost

$41,607,908)

101.1%

$40,801,862

Other

Assets

and

Liabilities,

Net

(1.2%)

(471,782)

Total

Net

Assets

100.0%

$40,330,080

a

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

b

To

reduce

certain

risks

associated

with

securities

issued

by

municipalities,

which

may

include

but

are

not

limited

to

economic

development

in

a

specific

industry

or

municipality,

the

principal

and/or

interest

payments

are

guaranteed

by

the

bond

insurance

company

or

government

agency

identified.

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$9,401,994

or

23.3%

of

total

net

assets.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

e

The

interest

rate

shown

reflects

the

yield.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

High

Income

Municipal

Bond

Fund

as

of

July

31,

2024

was

$124,527

or

0.31%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

Indiana

Housing

&

Community

Development

Auth.

Rev.

(Vita

of

Marion),

4/1/2041

4/15/2021

$

148,844

Definitions:

AGM

-

Assured

Guaranty

Municipal

Corporation

AMT

-

Subject

to

Alternative

Minimum

Tax

Auth.

-

Authority

BAM

-

Build

America

Mutual

Fac.

-

Facility/Facilities

G.O.

-

General

Obligation

NATL-RE

-

National

Public

Finance

Guarantee

Corporation

Proj.

-

Project

Refg.

-

Refunding

Rev.

-

Revenue

Ser.

-

Series

U.T.G.O.

-

Unlimited

Tax

General

Obligation

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

70

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

High

Income

Municipal

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Education

11,980,448

–

11,980,448

–

Electric

Revenue

581,817

–

581,817

–

General

Obligation

1,156,141

–

1,156,141

–

Health

Care

7,400,372

–

7,400,372

–

Housing

Finance

1,579,931

–

1,579,931

–

Industrial

Development

Revenue

3,320,193

–

3,320,193

–

Other

Revenue

2,361,652

–

2,361,652

–

Tax

Revenue

4,661,994

–

4,661,994

–

Transportation

5,746,144

–

5,746,144

–

Water

&

Sewer

1,913,404

–

1,913,404

–

Short-Term

Investments

99,766

–

99,766

–

Total

Investments

at

Value

$40,801,862

$–

$40,801,862

$–

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

High

Income

Municipal

Bond

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Liability

Derivatives

Futures

Contracts

9,829

9,829

–

–

Total

Liability

Derivatives

$9,829

$9,829

$–

$–

The

following

table

presents

High

Income

Municipal

Bond

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$99,766

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

U.S.

Long

Bond

(3)

September

2024

(

$

352,515)

(

$

9,829)

Total

Futures

Short

Contracts

(

$

352,515)

($9,829)

Total

Futures

Contracts

(

$

352,515)

($9,829)

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

71

Principal

Amount

Bank

Loans

(

3.8%

)

a

Value

Basic

Materials

(0.2%)

Grinding

Media,

Inc.,

Term

Loan

$

1,025,289

9.569%, 

(TSFR3M

+

4.000%),

10/12/2028

b,c

$

1,025,289

Total

1,025,289

Capital

Goods

(0.2%)

Brand

Industrial

Services,

Inc.,

Term

Loan

1,393,488

9.827%, 

(TSFR3M

+

4.500%),

8/1/2030

b

1,393,320

Total

1,393,320

Communications

Services

(0.6%)

Cengage

Learning,

Inc.,

Term

Loan

1,363,939

9.538%, 

(TSFR6M

+

4.250%),

3/24/2031

b

1,369,272

NEP

Group,

Inc.,

Term

Loan

2,386,089

10.208%,PIK

1.500%,

(TSFR1M

+

4.750%),

8/19/2026

b,d

2,239,201

Sinclair

Television

Group,

Inc.,

Term

Loan

460,626

8.514%, 

(TSFR3M

+

3.000%),

4/3/2028

b

328,003

Total

3,936,476

Consumer

Cyclical

(0.2%)

Marriott

Ownership

Resorts,

Inc.,

Term

Loan

925,000

7.594%, 

(TSFR1M

+

2.250%),

4/1/2031

b

929,237

Six

Flags

Entertainment

Corporation,

Term

Loan

459,000

7.343%, 

(TSFR1M

+

2.000%),

5/1/2031

b,c

460,147

Total

1,389,384

Consumer

Non-Cyclical

(0.8%)

Amneal

Pharmaceuticals,

LLC,

Term

Loan

1,192,793

10.844%, 

(TSFR1M

+

5.500%),

5/4/2028

b,e,f

1,202,729

B&G

Foods,

Inc.,

Term

Loan

1,315,000

0.000%, 

(TSFR1M

+

3.500%),

10/10/2029

b,e,f

1,301,442

Chobani,

LLC,

Term

Loan

463,670

9.079%, 

(TSFR1M

+

3.750%),

10/25/2027

b

465,409

Endo

Finance

Holdings,

Inc.,

Term

Loan

690,000

9.783%, 

(TSFR3M

+

4.500%),

4/23/2031

b

691,435

ModivCare,

Inc.,

Term

Loan

439,000

10.082%, 

(TSFR6M

+

4.750%),

7/1/2031

b

426,928

Triton

Water

Holdings,

Inc.,

Term

Loan

1,150,073

8.846%, 

(TSFR3M

+

3.250%),

3/31/2028

b

1,152,833

Total

5,240,776

Principal

Amount

Bank

Loans

(3.8%)

a

Value

Energy

(0.2%)

GIP

II

Blue

Holding,

LP,

Term

Loan

$

945,184

9.094%, 

(TSFR1M

+

3.750%),

9/29/2028

b

$

952,472

Total

952,472

Financials

(0.6%)

Acrisure,

LLC,

Term

Loan

459,000

0.000%, 

(TSFR1M

+

3.500%),

2/16/2027

b,e,f

458,270

229,000

8.594%, 

(TSFR3M

+

3.250%),

11/6/2030

b

228,652

Osaic

Holdings,

Inc.,

Term

Loan

877,000

0.000%, 

(TSFR1M

+

4.000%),

8/16/2028

b,e,f

862,836

Truist

Insurance

Holdings,

LLC,

Term

Loan

1,611,000

8.585%, 

(TSFR3M

+

3.250%),

5/6/2031

b

1,613,771

USI,

Inc./NY,

Term

Loan

878,000

0.000%, 

(TSFR1M

+

2.750%),

11/23/2029

b,e,f

879,405

Total

4,042,934

Technology

(0.2%)

CoreLogic,

Inc.,

Term

Loan

1,371,225

8.958%, 

(TSFR1M

+

3.500%),

6/2/2028

b

1,348,092

Total

1,348,092

Transportation

(0.8%)

AAdvantage

Loyalty

IP,

Ltd.,

Term

Loan

1,920,000

10.294%, 

(TSFR3M

+

4.750%),

4/20/2028

b

1,983,955

Air

Canada,

Term

Loan

1,384,530

7.847%, 

(TSFR3M

+

2.500%),

3/21/2031

b

1,386,842

Genesee

&

Wyoming,

Inc.,

Term

Loan

1,314,000

0.000%, 

(TSFR3M

+

2.000%),

4/10/2031

b,e,f

1,314,053

Total

4,684,850

Total

Bank

Loans

(cost

$23,998,728)

24,013,593

Principal

Amount

Long-Term

Fixed

Income

(

90.6%

)

Value

Basic

Materials

(5.2%)

ACN

113

874

712,

Pty.

Ltd.

2,859,934

11.500%, 

2/15/2018

*,g,h

2,860

Alliance

Resource

Operating

Partners,

LP/Alliance

Resource

Finance

Corporation

543,000

8.625%, 

6/15/2029

i

570,867

ATI,

Inc.

744,000

7.250%, 

8/15/2030

777,865

Axalta

Coating

Systems

Dutch

Holding

B

BV

927,000

7.250%, 

2/15/2031

i

972,179

Baffinland

Iron

Mines

Corporation/

Baffinland

Iron

Mines,

LP

272,000

8.750%, 

7/15/2026

i

244,527

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

72

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Basic

Materials

(5.2%)

-

continued

Cascades,

Inc./Cascades

USA,

Inc.

$

1,372,000

5.125%, 

1/15/2026

i

$

1,354,691

Chemours

Company

2,817,000

5.750%, 

11/15/2028

i

2,635,296

Cleveland-Cliffs,

Inc.

1,090,000

4.875%, 

3/1/2031

i

994,828

1,315,000

7.000%, 

3/15/2032

i

1,319,751

Consolidated

Energy

Finance

SA

3,482,000

5.625%, 

10/15/2028

i

2,782,909

First

Quantum

Minerals,

Ltd.

1,938,000

6.875%, 

10/15/2027

i

1,905,573

Hecla

Mining

Company

805,000

7.250%, 

2/15/2028

811,690

Hudbay

Minerals,

Inc.

725,000

4.500%, 

4/1/2026

i

708,993

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

1,771,000

9.000%, 

7/1/2028

i

1,776,796

INEOS

Finance

plc

392,000

7.500%, 

4/15/2029

i

399,028

Mercer

International,

Inc.

709,000

5.500%, 

1/15/2026

690,924

Methanex

Corporation

1,025,000

4.250%, 

12/1/2024

1,016,748

Mineral

Resources,

Ltd.

1,265,000

9.250%, 

10/1/2028

i

1,345,282

Novelis

Corporation

1,790,000

4.750%, 

1/30/2030

i

1,691,314

OCI

NV

2,564,000

4.625%, 

10/15/2025

i

2,539,988

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

1,377,000

5.375%, 

11/1/2026

i

1,345,430

SNF

Group

SACA

926,000

3.125%, 

3/15/2027

i

856,333

927,000

3.375%, 

3/15/2030

i

797,611

SunCoke

Energy,

Inc.

2,234,000

4.875%, 

6/30/2029

i

2,043,099

Taseko

Mines,

Ltd.

1,349,000

8.250%, 

5/1/2030

i

1,383,209

Tronox,

Inc.

231,000

4.625%, 

3/15/2029

i

210,399

United

States

Steel

Corporation

1,300,000

6.875%, 

3/1/2029

1,307,942

Total

32,486,132

Capital

Goods

(10.0%)

AAR

Escrow

Issuer,

LLC

616,000

6.750%, 

3/15/2029

i

629,668

Abengoa

Abenewco

2

Bis

SA,

Convertible

3,449,988

0.000%,PIK

1.500%,

4/26/2024

*,d,g,h

17,250

Advanced

Drainage

Systems,

Inc.

1,390,000

5.000%, 

9/30/2027

i

1,361,305

AECOM

1,372,000

5.125%, 

3/15/2027

1,355,528

Amsted

Industries,

Inc.

2,310,000

4.625%, 

5/15/2030

i

2,128,544

Ardagh

Packaging

Finance

plc/

Ardagh

Holdings

USA,

Inc.

689,000

4.125%, 

8/15/2026

i,j

582,681

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Capital

Goods

(10.0%)

-

continued

$

601,000

5.250%, 

8/15/2027

i

$

348,700

Boeing

Company

259,000

6.298%, 

5/1/2029

i

267,907

689,000

6.388%, 

5/1/2031

i

719,362

Bombardier,

Inc.

299,000

7.875%, 

4/15/2027

i

299,453

1,755,000

6.000%, 

2/15/2028

i

1,749,960

1,500,000

7.000%, 

6/1/2032

i,j

1,533,700

Builders

FirstSource,

Inc.

465,000

5.000%, 

3/1/2030

i

444,900

Canpack

SA/Canpack

US,

LLC

2,195,000

3.875%, 

11/15/2029

i

1,969,721

Chart

Industries,

Inc.

2,030,000

7.500%, 

1/1/2030

i

2,111,812

Clean

Harbors,

Inc.

2,920,000

5.125%, 

7/15/2029

i

2,826,163

Clydesdale

Acquisition

Holdings,

Inc.

900,000

6.875%, 

1/15/2030

f,i

896,611

546,000

8.750%, 

4/15/2030

i

535,844

Cornerstone

Building

Brands,

Inc.

319,000

9.500%, 

8/15/2029

i

319,399

686,000

6.125%, 

1/15/2029

i,j

565,273

CP

Atlas

Buyer,

Inc.

628,000

7.000%, 

12/1/2028

i,j

537,657

Crown

Cork

&

Seal

Company,

Inc.

1,700,000

7.375%, 

12/15/2026

1,771,458

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

1,619,000

6.625%, 

12/15/2030

i

1,649,394

EquipmentShare.com,

Inc.

670,000

8.625%, 

5/15/2032

i

695,633

GFL

Environmental,

Inc.

3,665,000

4.000%, 

8/1/2028

i

3,445,071

H&E

Equipment

Services,

Inc.

2,708,000

3.875%, 

12/15/2028

i

2,474,401

Herc

Holdings,

Inc.

649,000

5.500%, 

7/15/2027

i

643,643

885,000

6.625%, 

6/15/2029

i

903,596

Mauser

Packaging

Solutions

Holding

Company

1,281,000

9.250%, 

4/15/2027

i,j

1,282,724

MIWD

Holdco

II,

LLC

1,163,000

5.500%, 

2/1/2030

i

1,086,355

Mueller

Water

Products,

Inc.

915,000

4.000%, 

6/15/2029

i

853,779

Nesco

Holdings

II,

Inc.

2,170,000

5.500%, 

4/15/2029

i

2,019,693

New

Enterprise

Stone

and

Lime

Company,

Inc.

2,623,000

5.250%, 

7/15/2028

i

2,519,092

OI

European

Group

BV

1,246,000

4.750%, 

2/15/2030

i

1,145,946

Owens-Brockway

Glass

Container,

Inc.

1,093,000

6.625%, 

5/13/2027

i

1,094,066

543,000

7.375%, 

6/1/2032

i

536,322

Pactiv

Evergreen

Group

684,000

4.375%, 

10/15/2028

i

642,106

Resideo

Funding,

Inc.

1,275,000

6.500%, 

7/15/2032

i

1,274,935

Reworld

Holding

Corporation

606,000

4.875%, 

12/1/2029

i

554,149

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

73

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Capital

Goods

(10.0%)

-

continued

Roller

Bearing

Company

of

America,

Inc.

$

1,243,000

4.375%, 

10/15/2029

i

$

1,160,331

Sealed

Air

Corporation/Sealed

Air

Corporation

(US)

571,000

6.125%, 

2/1/2028

i

574,947

Smyrna

Ready

Mix

Concrete,

LLC

1,947,000

8.875%, 

11/15/2031

i

2,098,192

Spirit

AeroSystems,

Inc.

920,000

4.600%, 

6/15/2028

j

871,622

1,389,000

9.750%, 

11/15/2030

i

1,548,034

SRM

Escrow

Issuer,

LLC

772,000

6.000%, 

11/1/2028

i

764,747

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

356,000

7.250%, 

1/15/2031

i

371,210

TransDigm,

Inc.

713,000

6.750%, 

8/15/2028

i

726,705

2,155,000

7.125%, 

12/1/2031

i

2,236,647

1,049,000

6.625%, 

3/1/2032

i

1,072,945

Trivium

Packaging

Finance

1,040,000

5.500%, 

8/15/2026

i

1,018,646

870,000

8.500%, 

8/15/2027

i,j

854,080

United

Rentals

North

America,

Inc.

1,710,000

3.875%, 

2/15/2031

1,545,428

WESCO

Distribution,

Inc.

1,309,000

7.250%, 

6/15/2028

i

1,341,387

680,000

6.375%, 

3/15/2029

i

688,796

276,000

6.625%, 

3/15/2032

i

281,156

Total

62,948,674

Communications

Services

(12.5%)

Altice

Financing

SA

1,217,000

5.750%, 

8/15/2029

i

923,662

Altice

France

SA

1,026,000

5.125%, 

7/15/2029

i,j

719,529

2,372,000

5.500%, 

10/15/2029

i,j

1,668,128

AMC

Networks,

Inc.

338,000

10.250%, 

1/15/2029

i

333,998

C&W

Senior

Finance,

Ltd.

475,000

6.875%, 

9/15/2027

i

463,790

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

2,521,000

5.000%, 

2/1/2028

i

2,400,047

3,250,000

5.375%, 

6/1/2029

i

3,038,293

347,000

6.375%, 

9/1/2029

i

337,862

3,760,000

4.750%, 

3/1/2030

i

3,366,153

1,814,000

4.250%, 

2/1/2031

i

1,543,457

1,218,000

4.750%, 

2/1/2032

i

1,041,636

Cimpress

plc

928,000

7.000%, 

6/15/2026

928,167

Clear

Channel

Outdoor

Holdings,

Inc.

783,000

7.500%, 

6/1/2029

i,j

672,338

Clear

Channel

Worldwide

Holdings,

Inc.

2,210,000

5.125%, 

8/15/2027

i

2,140,674

CSC

Holdings,

LLC

896,000

5.375%, 

2/1/2028

i

711,327

733,000

11.750%, 

1/31/2029

i

662,624

1,667,000

6.500%, 

2/1/2029

i

1,283,836

3,009,000

5.750%, 

1/15/2030

i

1,213,714

1,034,000

4.125%, 

12/1/2030

i

715,899

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Communications

Services

(12.5%)

-

continued

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

$

4,113,000

5.875%, 

8/15/2027

i

$

3,960,620

DISH

DBS

Corporation

634,000

5.875%, 

11/15/2024

591,231

1,019,000

5.250%, 

12/1/2026

i

848,193

719,000

7.375%, 

7/1/2028

337,930

760,000

5.750%, 

12/1/2028

i,j

557,858

1,162,000

5.125%, 

6/1/2029

486,601

DISH

Network

Corporation

826,000

11.750%, 

11/15/2027

i

826,767

Frontier

Communications

Holdings,

LLC

840,000

5.875%, 

10/15/2027

i

831,734

980,000

5.000%, 

5/1/2028

i

943,800

1,362,000

6.750%, 

5/1/2029

i,j

1,286,905

510,000

8.750%, 

5/15/2030

i

534,292

GCI,

LLC

3,410,000

4.750%, 

10/15/2028

i

3,165,468

Gray

Television,

Inc.

749,000

7.000%, 

5/15/2027

i,j

724,967

1,902,000

10.500%, 

7/15/2029

i

1,984,750

1,214,000

5.375%, 

11/15/2031

i,j

791,343

iHeartCommunications,

Inc.

423,000

6.375%, 

5/1/2026

j

357,597

472,000

5.250%, 

8/15/2027

i,j

309,089

Iliad

Holding

SASU

1,193,000

6.500%, 

10/15/2026

i

1,195,470

1,763,000

8.500%, 

4/15/2031

i

1,836,741

Intelsat

Jackson

Holdings

SA

919,000

6.500%, 

3/15/2030

i

874,266

Lamar

Media

Corporation

1,109,000

3.625%, 

1/15/2031

985,402

LCPR

Senior

Secured

Financing

DAC

3,330,000

6.750%, 

10/15/2027

i

3,103,371

Level

3

Financing,

Inc.

1,640,000

4.250%, 

7/1/2028

i

893,800

600,000

11.000%, 

11/15/2029

i

635,184

957,000

10.500%, 

5/15/2030

i,j

978,054

McGraw-Hill

Education,

Inc.

919,000

5.750%, 

8/1/2028

i

885,126

767,000

8.000%, 

8/1/2029

i,j

747,850

News

Corporation

1,022,000

3.875%, 

5/15/2029

i

946,185

Nexstar

Media,

Inc.

815,000

5.625%, 

7/15/2027

i

790,440

657,000

4.750%, 

11/1/2028

i,j

604,488

Optics

Bidco

SPA

1,235,000

6.000%, 

9/30/2034

i

1,167,075

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

365,000

4.625%, 

3/15/2030

i

335,373

Paramount

Global

412,000

6.375%, 

3/30/2062

b

378,268

Playtika

Holding

Corporation

1,770,000

4.250%, 

3/15/2029

i

1,572,666

Scripps

Escrow

II,

Inc.

409,000

3.875%, 

1/15/2029

i

266,080

Sinclair

Television

Group,

Inc.

472,000

4.125%, 

12/1/2030

i,j

328,068

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

74

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Communications

Services

(12.5%)

-

continued

Sirius

XM

Radio,

Inc.

$

630,000

3.125%, 

9/1/2026

i

$

598,539

360,000

5.000%, 

8/1/2027

i

348,348

1,190,000

4.000%, 

7/15/2028

i

1,092,127

860,000

3.875%, 

9/1/2031

i

718,402

TEGNA,

Inc.

680,000

4.750%, 

3/15/2026

i

669,544

1,592,000

4.625%, 

3/15/2028

1,460,561

Telecom

Italia

Capital

SA

80,000

6.000%, 

9/30/2034

75,300

Telenet

Finance

Luxembourg

Notes

SARL

400,000

5.500%, 

3/1/2028

i

381,495

Telesat

Canada/Telesat,

LLC

448,000

4.875%, 

6/1/2027

i

204,386

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

1,179,000

4.750%, 

4/15/2028

i

1,018,219

443,000

6.500%, 

2/15/2029

i,j

334,833

Univision

Communications,

Inc.

272,000

8.000%, 

8/15/2028

i

273,346

1,688,000

4.500%, 

5/1/2029

i

1,474,405

Urban

One,

Inc.

408,000

7.375%, 

2/1/2028

i

311,408

Viasat,

Inc.

1,087,000

6.500%, 

7/15/2028

i,j

884,917

Virgin

Media

Finance

plc

1,538,000

5.000%, 

7/15/2030

i

1,296,129

Virgin

Media

Secured

Finance

plc

1,821,000

5.500%, 

5/15/2029

i

1,695,991

VZ

Secured

Financing

BV

2,000,000

5.000%, 

1/15/2032

i

1,752,562

Windstream

Escrow,

LLC/

Windstream

Escrow

Finance

Corporation

407,000

7.750%, 

8/15/2028

i

392,598

Zayo

Group

Holdings,

Inc.

579,000

4.000%, 

3/1/2027

i,j

492,362

Zegona

Finance

plc

1,157,000

8.625%, 

7/15/2029

i

1,180,285

Ziggo

Bond

Company

BV

807,000

5.125%, 

2/28/2030

i,j

712,612

Total

78,596,555

Consumer

Cyclical

(16.1%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

2,901,000

4.375%, 

1/15/2028

i

2,758,526

1,385,000

4.000%, 

10/15/2030

i

1,235,385

Adient

Global

Holdings,

Ltd.

1,091,000

8.250%, 

4/15/2031

i,j

1,147,053

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

48,000

6.625%, 

7/15/2026

i

48,069

720,000

6.000%, 

6/1/2029

i,j

627,332

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

1,175,000

4.625%, 

6/1/2028

i

1,084,764

700,000

4.625%, 

6/1/2028

i

645,211

Allison

Transmission,

Inc.

1,137,000

3.750%, 

1/30/2031

i

1,011,979

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Consumer

Cyclical

(16.1%)

-

continued

American

Axle

&

Manufacturing,

Inc.

$

2,936,000

5.000%, 

10/1/2029

j

$

2,692,821

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

363,000

7.000%, 

4/15/2030

i,j

307,868

Anywhere

Real

Estate

Group,

LLC/

Realogy

Co-Issuer

Corporation

480,000

5.750%, 

1/15/2029

i,j

329,942

Arches

Buyer,

Inc.

1,478,000

6.125%, 

12/1/2028

i

1,223,932

Arko

Corporation

1,344,000

5.125%, 

11/15/2029

i,j

1,172,472

Asbury

Automotive

Group,

Inc.

460,000

5.000%, 

2/15/2032

i

423,904

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

700,000

4.625%, 

8/1/2029

i

646,315

1,031,000

4.625%, 

4/1/2030

i

941,170

Aston

Martin

Capital

Holdings,

Ltd.

664,000

10.000%, 

3/31/2029

i

666,677

Beazer

Homes

USA,

Inc.

475,000

7.500%, 

3/15/2031

i

482,006

Boyd

Gaming

Corporation

1,880,000

4.750%, 

6/15/2031

i

1,731,725

Boyne

USA,

Inc.

642,000

4.750%, 

5/15/2029

i

607,993

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

1,093,000

5.000%, 

6/15/2029

i

1,015,092

435,000

4.875%, 

2/15/2030

i

398,777

Caesars

Entertainment,

Inc.

4,432,000

4.625%, 

10/15/2029

i

4,117,618

Carnival

Corporation

703,000

7.625%, 

3/1/2026

i

709,801

2,147,000

5.750%, 

3/1/2027

i

2,136,296

1,303,000

4.000%, 

8/1/2028

i

1,232,844

1,644,000

6.000%, 

5/1/2029

i,j

1,640,005

Carvana

Company

400,000

0.000%,PIK

12.000%,

12/1/2028

d,i

432,110

Cedar

Fair,

LP/Canada's

Wonderland

Company/Magnum

Management

Corporation/

Millennium

Operations,

LLC

1,178,000

5.250%, 

7/15/2029

1,147,174

Choice

Hotels

International,

Inc.

658,000

3.700%, 

12/1/2029

j

604,124

Churchill

Downs,

Inc.

935,000

4.750%, 

1/15/2028

i

902,737

609,000

6.750%, 

5/1/2031

i

618,481

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

1,800,000

6.750%, 

5/15/2028

i

1,832,973

Crocs,

Inc.

438,000

4.250%, 

3/15/2029

i

404,054

Dana,

Inc.

1,100,000

4.250%, 

9/1/2030

971,374

985,000

4.500%, 

2/15/2032

860,614

Ford

Motor

Company

2,259,000

3.250%, 

2/12/2032

1,896,274

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

75

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Consumer

Cyclical

(16.1%)

-

continued

Gap,

Inc.

$

901,000

3.625%, 

10/1/2029

i

$

787,559

Garrett

Motion

Holdings,

Inc./

Garrett

LX

I

SARL

950,000

7.750%, 

5/31/2032

i

965,974

General

Motors

Financial

Company,

Inc.

1,394,000

5.750%, 

9/30/2027

b,k

1,323,590

Goodyear

Tire

&

Rubber

Company

965,000

5.000%, 

7/15/2029

j

910,767

Group

1

Automotive,

Inc.

479,000

6.375%, 

1/15/2030

i

483,117

Hanesbrands,

Inc.

766,000

4.875%, 

5/15/2026

i

750,241

512,000

9.000%, 

2/15/2031

i,j

541,894

Hilton

Domestic

Operating

Company,

Inc.

1,398,000

4.875%, 

1/15/2030

1,351,658

1,932,000

3.625%, 

2/15/2032

i

1,692,131

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

1,628,000

5.000%, 

6/1/2029

i

1,531,247

International

Game

Technology

plc

1,500,000

6.250%, 

1/15/2027

i

1,514,240

340,000

5.250%, 

1/15/2029

i

333,373

Jacobs

Entertainment,

Inc.

1,097,000

6.750%, 

2/15/2029

i

1,025,517

KB

Home

1,420,000

6.875%, 

6/15/2027

1,464,983

L

Brands,

Inc.

1,326,000

5.250%, 

2/1/2028

1,299,365

646,000

6.625%, 

10/1/2030

i

652,135

689,000

6.875%, 

11/1/2035

698,071

Light

&

Wonder

International,

Inc.

1,170,000

7.250%, 

11/15/2029

i

1,203,945

Live

Nation

Entertainment,

Inc.

729,000

4.750%, 

10/15/2027

i

706,860

Macy's

Retail

Holdings,

LLC

1,820,000

5.875%, 

4/1/2029

i,j

1,777,606

Mattamy

Group

Corporation

1,080,000

4.625%, 

3/1/2030

i

1,011,332

Melco

Resorts

Finance,

Ltd.

726,000

5.375%, 

12/4/2029

i

652,851

625,000

7.625%, 

4/17/2032

i

621,859

MGM

China

Holdings,

Ltd.

219,000

7.125%, 

6/26/2031

i,j

221,896

Michaels

Companies,

Inc.

1,471,000

5.250%, 

5/1/2028

i

1,088,146

NCL

Corporation,

Ltd.

1,963,000

5.875%, 

3/15/2026

i

1,954,225

2,017,000

5.875%, 

2/15/2027

i

2,002,386

Nordstrom,

Inc.

764,000

4.250%, 

8/1/2031

679,940

PENN

Entertainment,

Inc.

1,400,000

4.125%, 

7/1/2029

i,j

1,238,981

PetSmart,

Inc./PetSmart

Finance

Corporation

978,000

4.750%, 

2/15/2028

i

918,864

1,245,000

7.750%, 

2/15/2029

i

1,208,361

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

1,682,000

5.750%, 

4/15/2026

i

1,680,693

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Consumer

Cyclical

(16.1%)

-

continued

$

1,595,000

3.375%, 

8/31/2027

i

$

1,488,415

1,458,000

6.250%, 

1/15/2028

i

1,453,207

QVC,

Inc.

418,000

4.375%, 

9/1/2028

j

319,770

Rakuten

Group,

Inc.

219,000

11.250%, 

2/15/2027

i

236,621

219,000

9.750%, 

4/15/2029

i

231,847

Real

Hero

Merger

Sub

2,

Inc.

1,116,000

6.250%, 

2/1/2029

i,j

958,587

Royal

Caribbean

Cruises,

Ltd.

2,282,000

4.250%, 

7/1/2026

i

2,222,548

1,200,000

5.375%, 

7/15/2027

i

1,192,959

911,000

9.250%, 

1/15/2029

i

973,774

479,000

6.000%, 

2/1/2033

f,i

482,139

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

680,000

6.625%, 

3/1/2030

i

665,057

SeaWorld

Parks

and

Entertainment,

Inc.

1,151,000

5.250%, 

8/15/2029

i

1,096,384

Six

Flags

Theme

Parks,

Inc.

276,000

7.000%, 

7/1/2025

i

276,113

Sonic

Automotive,

Inc.

831,000

4.875%, 

11/15/2031

i

742,120

Staples,

Inc.

1,358,000

10.750%, 

9/1/2029

i

1,315,445

303,129

12.750%, 

1/15/2030

i

235,397

Station

Casinos,

LLC

480,000

4.500%, 

2/15/2028

i

455,553

724,000

4.625%, 

12/1/2031

i

659,783

Tenneco,

Inc.

1,884,000

8.000%, 

11/17/2028

i

1,709,846

Victoria's

Secret

&

Company

1,564,000

4.625%, 

7/15/2029

i

1,297,417

Viking

Cruises,

Ltd.

3,093,000

5.875%, 

9/15/2027

i

3,074,442

Wabash

National

Corporation

970,000

4.500%, 

10/15/2028

i

880,682

Walgreens

Boots

Alliance,

Inc.

460,000

3.200%, 

4/15/2030

j

379,308

WASH

Multifamily

Acquisition,

Inc.

945,000

5.750%, 

4/15/2026

i

929,985

Wyndham

Hotels

&

Resorts,

Inc.

1,131,000

4.375%, 

8/15/2028

i

1,067,144

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

750,000

7.125%, 

2/15/2031

i

781,846

ZF

North

America

Capital,

Inc.

747,000

6.875%, 

4/14/2028

i

765,653

Total

100,891,341

Consumer

Non-Cyclical

(10.5%)

1375209

B.C.,

Ltd.

1,017,000

9.000%, 

1/30/2028

i,j

964,176

AdaptHealth,

LLC

2,897,000

4.625%, 

8/1/2029

i

2,585,975

Albertson's

Companies,

Inc.

2,830,000

5.875%, 

2/15/2028

i

2,805,979

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

1,830,000

4.625%, 

1/15/2027

i

1,784,164

154,000

3.500%, 

3/15/2029

i

140,302

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

76

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Consumer

Non-Cyclical

(10.5%)

-

continued

B&G

Foods,

Inc.

$

1,443,000

5.250%, 

9/15/2027

j

$

1,351,756

Bausch

+

Lomb

Corporation

414,000

8.375%, 

10/1/2028

i

425,352

Bausch

Health

Companies,

Inc.

699,000

5.500%, 

11/1/2025

i

654,683

1,950,000

4.875%, 

6/1/2028

i

1,501,695

507,000

11.000%, 

9/30/2028

i,j

474,298

BellRing

Brands,

Inc.

924,000

7.000%, 

3/15/2030

i

952,201

Catalent

Pharma

Solutions,

Inc.

816,000

3.125%, 

2/15/2029

i

787,834

Central

Garden

&

Pet

Company

1,096,000

4.125%, 

10/15/2030

990,276

Cheplapharm

Arzneimittel

GmbH

280,000

5.500%, 

1/15/2028

i

261,800

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

1,060,000

4.625%, 

11/15/2028

i

1,011,492

CHS/Community

Health

Systems,

Inc.

1,835,000

5.625%, 

3/15/2027

i

1,757,112

440,000

6.000%, 

1/15/2029

i

408,519

533,000

6.125%, 

4/1/2030

i

404,441

667,000

5.250%, 

5/15/2030

i

581,673

1,576,000

4.750%, 

2/15/2031

i

1,296,246

950,000

10.875%, 

1/15/2032

i

1,021,236

Concentra

Escrow

Issuer

Corporation

191,000

6.875%, 

7/15/2032

i

196,790

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

2,393,000

4.750%, 

1/15/2029

i

2,289,633

1,158,000

6.625%, 

7/15/2030

i

1,189,073

Edgewell

Personal

Care

Company

1,460,000

5.500%, 

6/1/2028

i

1,431,215

Embecta

Corporation

1,210,000

5.000%, 

2/15/2030

i,j

1,036,458

Encompass

Health

Corporation

3,545,000

4.500%, 

2/1/2028

3,427,250

Energizer

Holdings,

Inc.

1,890,000

4.750%, 

6/15/2028

i

1,792,786

Fortrea

Holdings,

Inc.

1,056,000

7.500%, 

7/1/2030

i,j

1,071,135

Grifols

SA

702,000

4.750%, 

10/15/2028

i

640,504

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

1,217,000

4.875%, 

6/1/2029

i

827,560

Legacy

LifePoint

Health,

LLC

814,000

4.375%, 

2/15/2027

i

786,828

LifePoint

Health,

Inc.

689,000

5.375%, 

1/15/2029

i,j

624,200

642,000

9.875%, 

8/15/2030

i

699,663

600,000

11.000%, 

10/15/2030

i

673,412

918,000

10.000%, 

6/1/2032

i,j

974,257

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

1,153,000

6.250%, 

4/1/2029

i

1,176,452

ModivCare

Escrow

Issuer,

Inc.

1,078,000

5.000%, 

10/1/2029

i,j

729,573

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Consumer

Non-Cyclical

(10.5%)

-

continued

Mozart

Debt

Merger

Sub,

Inc.

$

1,178,000

3.875%, 

4/1/2029

i

$

1,099,327

1,097,000

5.250%, 

10/1/2029

i

1,060,355

MPH

Acquisition

Holdings,

LLC

660,000

5.500%, 

9/1/2028

i

515,227

Newell

Brands,

Inc.

260,000

6.375%, 

9/15/2027

259,705

676,000

6.625%, 

9/15/2029

678,218

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

629,000

4.125%, 

4/30/2028

i

590,958

1,432,000

5.125%, 

4/30/2031

i

1,317,865

Owens

&

Minor,

Inc.

830,000

6.625%, 

4/1/2030

i,j

775,316

Performance

Food

Group,

Inc.

1,096,000

4.250%, 

8/1/2029

i

1,015,094

Perrigo

Finance

Unlimited

Company

718,000

4.900%, 

6/15/2030

677,714

Post

Holdings,

Inc.

1,015,000

4.500%, 

9/15/2031

i

923,059

Primo

Water

Holdings,

Inc.

1,261,000

4.375%, 

4/30/2029

i

1,174,283

Sigma

Holdco

BV

552,000

7.875%, 

5/15/2026

i

546,482

Simmons

Foods,

Inc.

2,663,000

4.625%, 

3/1/2029

i

2,396,392

Spectrum

Brands,

Inc.

170,000

3.875%, 

3/15/2031

i

142,419

Star

Parent,

Inc.

1,380,000

9.000%, 

10/1/2030

i

1,472,673

Surgery

Center

Holdings,

Inc.

410,000

7.250%, 

4/15/2032

i,j

423,426

Tenet

Healthcare

Corporation

3,468,000

5.125%, 

11/1/2027

3,406,300

1,545,000

6.750%, 

5/15/2031

1,587,558

Teva

Pharmaceutical

Finance

Netherlands

III

BV

3,933,000

3.150%, 

10/1/2026

3,724,554

US

Acute

Care

Solutions,

LLC

438,000

9.750%, 

5/15/2029

i

434,267

Total

65,949,191

Energy

(13.6%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

1,556,000

5.375%, 

6/15/2029

i

1,521,463

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

970,000

6.250%, 

4/1/2028

i

967,666

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

1,362,000

8.250%, 

12/31/2028

i

1,398,153

259,000

5.875%, 

6/30/2029

i

254,026

Baytex

Energy

Corporation

1,082,000

8.500%, 

4/30/2030

i

1,142,077

Blue

Racer

Midstream,

LLC/Blue

Racer

Finance

Corporation

686,000

7.000%, 

7/15/2029

i

704,724

Borr

IHC,

Ltd./Borr

Finance,

LLC

905,610

10.000%, 

11/15/2028

i

948,345

292,718

10.375%, 

11/15/2030

i,j

308,925

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

77

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Energy

(13.6%)

-

continued

Buckeye

Partners,

LP

$

1,575,000

4.500%, 

3/1/2028

i

$

1,502,293

California

Resources

Corporation

814,000

8.250%, 

6/15/2029

i

833,564

Civitas

Resources,

Inc.

1,323,000

8.375%, 

7/1/2028

i

1,389,033

486,000

8.625%, 

11/1/2030

i

524,933

1,141,000

8.750%, 

7/1/2031

i

1,227,006

CNX

Resources

Corporation

332,000

7.375%, 

1/15/2031

i

342,759

Comstock

Resources,

Inc.

2,700,000

5.875%, 

1/15/2030

i

2,511,465

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

1,915,000

5.500%, 

6/15/2031

i

1,836,749

Crescent

Energy

Finance,

LLC

812,000

9.250%, 

2/15/2028

i

857,214

1,569,000

7.625%, 

4/1/2032

i

1,609,108

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

816,000

8.625%, 

3/15/2029

i

847,733

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

162,000

8.500%, 

10/1/2030

i

172,456

DT

Midstream,

Inc.

657,000

4.125%, 

6/15/2029

i

614,170

540,000

4.375%, 

6/15/2031

i

497,863

Enerflex,

Ltd.

1,080,000

9.000%, 

10/15/2027

i

1,113,648

Energy

Transfer,

LP

1,621,000

8.000%, 

5/15/2054

b

1,725,715

EQM

Midstream

Partners,

LP

3,733,000

4.750%, 

1/15/2031

i

3,524,665

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

1,086,000

8.875%, 

4/15/2030

1,149,775

1,630,000

7.875%, 

5/15/2032

1,664,460

Harvest

Midstream

I,

LP

2,049,000

7.500%, 

9/1/2028

i

2,096,844

Hess

Midstream

Operations,

LP

1,175,000

4.250%, 

2/15/2030

i

1,090,536

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

1,491,000

5.750%, 

2/1/2029

i

1,466,013

935,000

6.000%, 

2/1/2031

i

907,435

1,440,000

6.250%, 

4/15/2032

i

1,400,725

Howard

Midstream

Energy

Partners,

LLC

1,901,000

7.375%, 

7/15/2032

i

1,957,884

ITT

Holdings,

LLC

1,670,000

6.500%, 

8/1/2029

i

1,567,029

Kraken

Oil

&

Gas

Partners,

LLC

800,000

7.625%, 

8/15/2029

i

807,670

Laredo

Petroleum,

Inc.

2,690,000

7.750%, 

7/31/2029

i

2,720,343

MEG

Energy

Corporation

1,778,000

5.875%, 

2/1/2029

i

1,755,843

Mesquite

Energy,

Inc.

3,260,000

0.000%, 

2/15/2023

*,g,h

97,800

Nabors

Industries,

Inc.

1,079,000

9.125%, 

1/31/2030

i

1,152,706

438,000

8.875%, 

8/15/2031

i

446,848

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Energy

(13.6%)

-

continued

Nabors

Industries,

Ltd.

$

1,079,000

7.500%, 

1/15/2028

i,j

$

1,060,222

New

Fortress

Energy,

Inc.

545,000

6.750%, 

9/15/2025

i

535,794

543,000

8.750%, 

3/15/2029

i,j

492,370

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

545,000

8.125%, 

2/15/2029

i

552,333

817,000

8.375%, 

2/15/2032

i

834,853

Noble

Finance

II,

LLC

960,000

8.000%, 

4/15/2030

i

1,008,164

Northern

Oil

and

Gas,

Inc.

1,368,000

8.750%, 

6/15/2031

i

1,441,816

NuStar

Logistics,

LP

858,000

6.375%, 

10/1/2030

875,657

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

1,112,000

6.000%, 

2/15/2028

1,090,788

Permian

Resources

Operating,

LLC

812,000

7.000%, 

1/15/2032

i

840,732

Prairie

Acquiror,

LP

1,088,000

9.000%, 

8/1/2029

i

1,121,819

Precision

Drilling

Corporation

1,395,000

6.875%, 

1/15/2029

i

1,394,658

Range

Resources

Corporation

1,498,000

4.750%, 

2/15/2030

i

1,418,903

Rockies

Express

Pipeline,

LLC

966,000

4.950%, 

7/15/2029

i

923,845

Saturn

Oil

&

Gas,

Inc.

815,000

9.625%, 

6/15/2029

i

837,520

SM

Energy

Company

350,000

7.000%, 

8/1/2032

i

353,794

Southwestern

Energy

Company

976,000

4.750%, 

2/1/2032

912,063

Sunoco,

LP/Sunoco

Finance

Corporation

975,000

4.500%, 

5/15/2029

921,372

564,000

4.500%, 

4/30/2030

526,262

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

2,497,000

5.500%, 

1/15/2028

i

2,409,232

Talos

Production,

Inc.

409,000

9.000%, 

2/1/2029

i

430,950

Teine

Energy,

Ltd.

1,398,000

6.875%, 

4/15/2029

i

1,386,289

TGNR

Intermediate

Holdings,

LLC

1,509,000

5.500%, 

10/15/2029

i

1,430,896

Transocean,

Inc.

1,216,000

8.250%, 

5/15/2029

i

1,241,620

1,216,000

8.500%, 

5/15/2031

i

1,244,828

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

700,000

6.875%, 

9/1/2027

704,003

Valaris,

Ltd.

1,358,000

8.375%, 

4/30/2030

i

1,421,911

Venture

Global

Calcasieu

Pass,

LLC

1,969,000

3.875%, 

8/15/2029

i

1,820,499

Venture

Global

LNG,

Inc.

961,000

8.125%, 

6/1/2028

i

1,000,821

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

78

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Energy

(13.6%)

-

continued

$

940,000

9.500%, 

2/1/2029

i

$

1,045,740

1,753,000

7.000%, 

1/15/2030

i

1,771,307

2,787,000

8.375%, 

6/1/2031

i

2,928,768

Weatherford

International,

Ltd.

578,000

8.625%, 

4/30/2030

i

601,654

Total

85,239,147

Financials

(11.1%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

1,009,000

6.000%, 

8/1/2029

i,j

950,934

AerCap

Holdings

NV

1,876,000

5.875%, 

10/10/2079

b

1,871,303

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

658,000

6.950%, 

3/10/2055

b

665,371

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

1,448,000

6.750%, 

10/15/2027

i

1,437,136

1,019,000

6.750%, 

4/15/2028

i

1,024,046

657,000

5.875%, 

11/1/2029

i

629,115

Ally

Financial,

Inc.

459,000

2.200%, 

11/2/2028

406,755

652,000

6.700%, 

2/14/2033

670,180

AmWINS

Group,

Inc.

344,000

6.375%, 

2/15/2029

i

348,984

1,420,000

4.875%, 

6/30/2029

i

1,338,930

Avolon

Holdings

Funding,

Ltd.

952,000

2.528%, 

11/18/2027

i

873,262

Baldwin

Insurance

Group

Holdings,

LLC/Baldwin

Insurance

Group

Holdings

Finance

658,000

7.125%, 

5/15/2031

i

678,486

Bank

of

America

Corporation

345,000

6.250%, 

9/5/2024

b,k

344,681

345,000

4.300%, 

1/28/2025

b,k

339,815

Barclays

plc

1,018,000

6.125%, 

12/15/2025

b,k

1,004,976

BNP

Paribas

SA

329,000

4.625%, 

1/12/2027

b,i,k

302,624

Burford

Capital

Global

Finance,

LLC

1,580,000

9.250%, 

7/1/2031

i

1,683,602

Castlelake

Aviation

Finance

DAC

1,065,000

5.000%, 

4/15/2027

i

1,037,398

Centene

Corporation

830,000

3.375%, 

2/15/2030

747,806

Citigroup,

Inc.

345,000

9.007%, 

(TSFR3M

+

3.685%),

8/15/2024

b,j,k

345,310

345,000

6.250%, 

8/15/2026

b,j,k

344,833

Credit

Acceptance

Corporation

1,199,000

9.250%, 

12/15/2028

i

1,279,509

Diversified

Healthcare

Trust

572,000

Zero

Coupon, 

1/15/2026

i

505,839

Drawbridge

Special

Opportunities

Fund,

LP

3,052,000

3.875%, 

2/15/2026

i

2,934,183

Encore

Capital

Group,

Inc.

331,000

9.250%, 

4/1/2029

i

348,774

FirstCash,

Inc.

1,170,000

4.625%, 

9/1/2028

i

1,117,820

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Financials

(11.1%)

-

continued

$

658,000

5.625%, 

1/1/2030

i

$

639,124

Fortress

Transportation

and

Infrastructure

Investors,

LLC

1,154,000

7.000%, 

5/1/2031

i

1,189,792

950,000

7.000%, 

6/15/2032

i

979,753

Freedom

Mortgage

Corporation

686,000

7.625%, 

5/1/2026

i

686,757

Freedom

Mortgage

Holdings,

LLC

1,500,000

9.250%, 

2/1/2029

i

1,510,740

GGAM

Finance,

Ltd.

1,409,000

8.000%, 

2/15/2027

i

1,456,800

676,000

8.000%, 

6/15/2028

i

715,443

140,000

6.875%, 

4/15/2029

i

143,141

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

2,000,000

3.750%, 

12/15/2027

i

1,810,077

goeasy,

Ltd.

1,112,000

9.250%, 

12/1/2028

i

1,192,536

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC

469,000

8.000%, 

6/15/2027

i

490,619

HUB

International,

Ltd.

2,024,000

5.625%, 

12/1/2029

i,j

1,943,420

539,000

7.375%, 

1/31/2032

i

554,036

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

2,267,000

5.250%, 

5/15/2027

2,174,257

Intesa

Sanpaolo

SPA

459,000

4.198%, 

6/1/2032

b,i

397,398

J.P.

Morgan

Chase

&

Company

344,000

4.600%, 

2/1/2025

b,k

341,414

1,534,000

4.000%, 

4/1/2025

b,k

1,499,634

344,000

3.650%, 

6/1/2026

b,k

326,660

Jane

Street

Group/JSG

Finance,

Inc.

406,000

4.500%, 

11/15/2029

i

384,333

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

544,000

5.000%, 

8/15/2028

i

505,249

Jefferson

Capital

Holdings,

LLC

545,000

6.000%, 

8/15/2026

i

541,125

1,363,000

9.500%, 

2/15/2029

i

1,430,041

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

680,000

4.250%, 

2/1/2027

i

658,003

560,000

4.750%, 

6/15/2029

i

532,238

Liberty

Mutual

Group,

Inc.

184,000

4.125%, 

12/15/2051

b,i

172,221

Macquarie

Airfinance

Holdings,

Ltd.

1,449,000

6.400%, 

3/26/2029

i

1,487,107

682,000

6.500%, 

3/26/2031

i

707,778

Midcap

Financial

Issuer

Trust

688,000

6.500%, 

5/1/2028

i

664,519

Molina

Healthcare,

Inc.

1,150,000

4.375%, 

6/15/2028

i

1,094,758

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

745,000

5.250%, 

8/1/2026

j

669,179

1,376,000

4.625%, 

8/1/2029

j

998,610

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

79

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Financials

(11.1%)

-

continued

Nationstar

Mortgage

Holdings,

Inc.

$

639,000

6.500%, 

8/1/2029

i

$

638,057

686,000

5.125%, 

12/15/2030

i

638,859

NatWest

Group

plc

459,000

8.125%, 

11/10/2033

b,k

475,278

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

424,000

4.500%, 

9/30/2028

i

386,033

OneMain

Finance

Corporation

1,753,000

7.125%, 

3/15/2026

1,783,001

1,426,000

3.500%, 

1/15/2027

1,347,599

239,000

3.875%, 

9/15/2028

218,331

1,152,000

4.000%, 

9/15/2030

1,008,409

Park

Intermediate

Holdings,

LLC

859,000

4.875%, 

5/15/2029

i

811,674

PNC

Financial

Services

Group,

Inc.

658,000

3.400%, 

9/15/2026

b,k

588,306

PRA

Group,

Inc.

337,000

7.375%, 

9/1/2025

i

336,717

1,373,000

8.375%, 

2/1/2028

i

1,390,079

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

658,000

4.500%, 

2/15/2029

i

623,375

RLJ

Lodging

Trust,

LP

271,000

4.000%, 

9/15/2029

i

241,827

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

2,367,000

3.875%, 

3/1/2031

i

2,105,512

802,000

4.000%, 

10/15/2033

i

689,784

Service

Properties

Trust

1,358,000

8.375%, 

6/15/2029

1,351,922

385,000

8.625%, 

11/15/2031

i

409,088

SLM

Corporation

386,000

4.200%, 

10/29/2025

378,946

Synchrony

Financial

348,000

7.250%, 

2/2/2033

355,920

United

Wholesale

Mortgage,

LLC

1,318,000

5.500%, 

4/15/2029

i

1,270,766

Wells

Fargo

&

Company

345,000

3.900%, 

3/15/2026

b,k

330,933

World

Acceptance

Corporation

344,000

7.000%, 

11/1/2026

i

330,902

XHR,

LP

331,000

6.375%, 

8/15/2025

i

331,033

322,000

4.875%, 

6/1/2029

i

303,846

Total

69,474,631

Technology

(6.8%)

Amentum

Escrow

Corporation

959,000

7.250%, 

8/1/2032

f,i

979,435

AthenaHealth

Group,

Inc.

1,788,000

6.500%, 

2/15/2030

i,j

1,685,788

Block,

Inc.

1,377,000

6.500%, 

5/15/2032

i

1,399,310

Boost

Newco

Borrower,

LLC

902,000

7.500%, 

1/15/2031

i

950,052

Cloud

Software

Group,

Inc.

2,575,000

6.500%, 

3/31/2029

i

2,509,974

540,000

9.000%, 

9/30/2029

i

536,979

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Technology

(6.8%)

-

continued

Consensus

Cloud

Solutions,

Inc.

$

338,000

6.000%, 

10/15/2026

i

$

331,172

CoreLogic,

Inc.

405,000

4.500%, 

5/1/2028

i

373,592

Dye

&

Durham,

Ltd.

1,012,000

8.625%, 

4/15/2029

i

1,035,533

Entegris,

Inc.

1,377,000

5.950%, 

6/15/2030

i

1,373,790

Everi

Holdings,

Inc.

935,000

5.000%, 

7/15/2029

i

926,172

Gen

Digital,

Inc.

54,000

6.750%, 

9/30/2027

i

54,925

817,000

7.125%, 

9/30/2030

i,j

844,622

II-VI,

Inc.

638,000

5.000%, 

12/15/2029

i

608,587

Iron

Mountain,

Inc.

3,455,000

5.250%, 

3/15/2028

i

3,385,094

610,000

5.000%, 

7/15/2028

i

591,331

770,000

5.250%, 

7/15/2030

i

741,056

1,830,000

4.500%, 

2/15/2031

i

1,682,004

McAfee

Corporation

675,000

7.375%, 

2/15/2030

i

629,645

MSCI,

Inc.

893,000

3.250%, 

8/15/2033

i

759,836

NCR

Atleos

Corporation

540,000

9.500%, 

4/1/2029

i

589,908

NCR

Voyix

Corporation

876,000

5.000%, 

10/1/2028

i

837,658

1,626,000

5.125%, 

4/15/2029

i

1,553,447

Neptune

Bidco

US,

Inc.

598,000

9.290%, 

4/15/2029

i

585,662

Newfold

Digital

Holdings

Group,

Inc.

405,000

11.750%, 

10/15/2028

i

409,249

Open

Text

Corporation

1,828,000

3.875%, 

12/1/2029

i

1,659,335

Open

Text

Holdings,

Inc.

1,197,000

4.125%, 

2/15/2030

i

1,091,778

Pitney

Bowes,

Inc.

338,000

6.875%, 

3/15/2027

i,j

334,290

PTC,

Inc.

1,055,000

4.000%, 

2/15/2028

i

999,215

RingCentral,

Inc.

1,359,000

8.500%, 

8/15/2030

i

1,427,844

Rocket

Software,

Inc.

810,000

9.000%, 

11/28/2028

i

833,695

Seagate

HDD

Cayman

1,988,000

4.091%, 

6/1/2029

1,871,021

Sensata

Technologies

BV

591,000

4.000%, 

4/15/2029

i

547,666

Sensata

Technologies,

Inc.

383,000

3.750%, 

2/15/2031

i

338,280

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

1,000,000

4.625%, 

11/1/2026

i

975,940

SS&C

Technologies,

Inc.

1,922,000

5.500%, 

9/30/2027

i

1,903,914

UKG,

Inc.

1,163,000

6.875%, 

2/1/2031

i

1,195,371

Unisys

Corporation

1,460,000

6.875%, 

11/1/2027

i

1,308,047

Viavi

Solutions,

Inc.

1,606,000

3.750%, 

10/1/2029

i

1,392,779

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

80

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Technology

(6.8%)

-

continued

Xerox

Holdings

Corporation

$

154,000

5.000%, 

8/15/2025

i

$

151,330

1,476,000

5.500%, 

8/15/2028

i

1,252,264

Total

42,657,590

Transportation

(1.6%)

American

Airlines

Group,

Inc.

469,000

3.750%, 

3/1/2025

i

461,346

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

830,083

5.500%, 

4/20/2026

i

824,525

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

884,000

5.375%, 

3/1/2029

i,j

809,106

Delta

Air

Lines,

Inc.

798,000

7.000%, 

5/1/2025

i

804,867

Hawaiian

Brand

Intellectual

Property,

Ltd./HawaiianMiles

Loyalty,

Ltd.

608,025

11.000%, 

4/15/2029

i

579,752

Rand

Parent,

LLC

1,418,000

8.500%, 

2/15/2030

i,j

1,402,214

RXO,

Inc.

1,619,000

7.500%, 

11/15/2027

i

1,663,523

Stena

International

SA

691,000

7.250%, 

1/15/2031

i

706,870

United

Airlines,

Inc.

739,000

4.375%, 

4/15/2026

i

720,516

469,000

4.625%, 

4/15/2029

i

443,223

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

407,000

7.875%, 

5/1/2027

i,j

368,410

1,690,000

6.375%, 

2/1/2030

i,j

1,346,213

Total

10,130,565

Utilities

(3.2%)

AES

Corporation

459,000

7.600%, 

1/15/2055

b

467,070

Calpine

Corporation

1,145,000

4.500%, 

2/15/2028

i

1,096,850

Dominion

Energy,

Inc.

459,000

7.000%, 

6/1/2054

b

482,041

Edison

International

1,155,000

5.000%, 

12/15/2026

b,k

1,110,017

Leeward

Renewable

Energy

Operations,

LLC

935,000

4.250%, 

7/1/2029

i

850,776

NextEra

Energy

Operating

Partners,

LP

1,244,000

3.875%, 

10/15/2026

i

1,193,811

NRG

Energy,

Inc.

1,060,000

5.250%, 

6/15/2029

i

1,030,703

PG&E

Corporation

1,944,000

5.000%, 

7/1/2028

1,896,191

Sunnova

Energy

Corporation

459,000

5.875%, 

9/1/2026

i,j

379,593

Talen

Energy

Supply,

LLC

1,312,000

8.625%, 

6/1/2030

i

1,413,849

Terraform

Global

Operating,

LLC

2,340,000

6.125%, 

3/1/2026

i

2,333,434

TerraForm

Power

Operating,

LLC

2,910,000

5.000%, 

1/31/2028

i

2,804,265

Principal

Amount

Long-Term

Fixed

Income

(90.6%)

Value

Utilities

(3.2%)

-

continued

Vistra

Corporation

$

2,835,000

7.000%, 

12/15/2026

b,i,k

$

2,851,284

Vistra

Operations

Company,

LLC

2,042,000

5.000%, 

7/31/2027

i

1,999,405

Total

19,909,289

Total

Long-Term

Fixed

Income

(cost

$582,175,513)

568,283,115

Shares

Collateral

Held

for

Securities

Loaned

(

7.0%

)

Value

43,697,525

Thrivent

Cash

Management

Trust

43,697,525

Total

Collateral

Held

for

Securities

Loaned

(cost

$43,697,525)

43,697,525

Shares

Common

Stock

(

<0.1%

)

Value

Energy

(<0.1%)

11,318

California

Resources

Corporation,

Warrants

(Expires

10/27/2024)

l

177,806

Total

177,806

Total

Common

Stock

(cost

$13,480)

177,806

Shares

Short-Term

Investments

(

5.0%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

3,143,796

5.600%

31,437,963

Total

Short-Term

Investments

(cost

$31,432,474)

31,437,963

Total

Investments

(cost

$681,317,720)

106.4%

$667,610,002

Other

Assets

and

Liabilities,

Net

(6.4%)

(40,177,118)

Total

Net

Assets

100.0%

$627,432,884

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

d

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

July

31,

2024.

e

All

or

a

portion

of

the

loan

is

unfunded.

f

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

g

Defaulted

security.  Interest

is

not

being

accrued.

h

In

bankruptcy.  Income

is

not

being

accrued

per

the

bankruptcy

agreement

terms.

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

81

i

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$483,725,915

or

77.1%

of

total

net

assets.

j

All

or

a

portion

of

the

security

is

on

loan.

k

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

l

Non-income

producing

security.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

High

Yield

Fund

as

of

July

31,

2024

was

$117,910

or

0.02%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

Abengoa

Abenewco

2

Bis

SA,

Convertible,

4/26/2024

4/26/2019

$

490,667

ACN

113

874

712,

Pty.

Ltd.,

2/15/2018

2/9/2011

2,712,434

Mesquite

Energy,

Inc.,

2/15/2023

6/30/2020

–

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

High

Yield

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

42,130,523

Total

lending

$42,130,523

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$43,697,525

Net

amounts

due

to

counterparty

$1,567,002

Definitions:

PIK

-

Payment-In-Kind

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Reference

Rate

Index:

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

TSFR6M

-

CME

Term

SOFR

6

Month

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

82

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

High

Yield

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

1,025,289

–

–

1,025,289

Capital

Goods

1,393,320

–

1,393,320

–

Communications

Services

3,936,476

–

3,936,476

–

Consumer

Cyclical

1,389,384

–

929,237

460,147

Consumer

Non-Cyclical

5,240,776

–

5,240,776

–

Energy

952,472

–

952,472

–

Financials

4,042,934

–

4,042,934

–

Technology

1,348,092

–

1,348,092

–

Transportation

4,684,850

–

4,684,850

–

Long-Term

Fixed

Income

Basic

Materials

32,486,132

–

32,486,132

–

Capital

Goods

62,948,674

–

62,948,674

–

Communications

Services

78,596,555

–

78,596,555

–

Consumer

Cyclical

100,891,341

–

100,891,341

–

Consumer

Non-Cyclical

65,949,191

–

65,949,191

–

Energy

85,239,147

–

85,239,147

–

Financials

69,474,631

–

69,474,631

–

Technology

42,657,590

–

42,657,590

–

Transportation

10,130,565

–

10,130,565

–

Utilities

19,909,289

–

19,909,289

–

Common

Stock

Energy

177,806

177,806

–

–

Subtotal

Investments

in

Securities

$592,474,514

$177,806

$590,811,272

$1,485,436

Other

Investments  *

Total

Affiliated

Short-Term

Investments

31,437,963

Collateral

Held

for

Securities

Loaned

43,697,525

Subtotal

Other

Investments

$75,135,488

Total

Investments

at

Value

$667,610,002

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

High

Yield

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

83

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

High

Yield

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$22,099

$143,935

$134,596

$31,438

3,144

5.0%

Total

Affiliated

Short-Term

Investments

22,099

31,438

5.0

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

44,465

197,327

198,094

43,698

43,698

7.0

Total

Collateral

Held

for

Securities

Loaned

44,465

43,698

7.0

Total

Value

$66,564

$75,136

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$637

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$637

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

217

Total

Affiliated

Income

from

Securities

Loaned,

Net

$217

Total

$–

$–

$–

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

84

Principal

Amount

Long-Term

Fixed

Income

(

97.5%

)

Value

Asset-Backed

Securities

(<0.1%)

GMAC

Mortgage

Corporation

Loan

Trust

$

59,575

5.964%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

a,b

$

32,026

Preferred

Term

Securities

XXIII,

Ltd./Preferred

Term

Securities

XXIII,

Inc.

75,781

5.801%, 

(TSFR3M

+

0.462%),

12/22/2036,

Ser.

A-FP

b,c

75,235

Total

107,261

Basic

Materials

(2.0%)

Alcoa

Nederland

Holding

BV

130,000

5.500%, 

12/15/2027

c,d

128,185

Anglo

American

Capital

plc

1,450,000

4.750%, 

4/10/2027

c

1,439,643

Celanese

US

Holdings,

LLC

2,200,000

6.550%, 

11/15/2030

2,341,730

FMC

Corporation

3,600,000

5.650%, 

5/18/2033

d

3,641,820

Freeport-McMoRan,

Inc.

180,000

4.125%, 

3/1/2028

174,160

Glencore

Funding,

LLC

1,225,000

5.893%, 

4/4/2054

c

1,198,916

1,200,000

3.375%, 

9/23/2051

c

793,714

1,800,000

2.500%, 

9/1/2030

c

1,563,011

International

Flavors

&

Fragrances,

Inc.

1,300,000

1.832%, 

10/15/2027

c

1,179,637

3,350,000

2.300%, 

11/1/2030

c

2,860,488

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

1,550,000

5.350%, 

3/15/2034

c

1,586,622

Olin

Corporation

180,000

5.125%, 

9/15/2027

175,700

Smurfit

Kappa

Treasury,

ULC

2,150,000

5.777%, 

4/3/2054

c

2,192,733

1,700,000

5.438%, 

4/3/2034

c

1,728,761

Total

21,005,120

Capital

Goods

(5.7%)

BAE

Systems

plc

625,000

5.500%, 

3/26/2054

c

625,575

1,700,000

3.400%, 

4/15/2030

c

1,575,327

1,400,000

1.900%, 

2/15/2031

c

1,163,159

Boeing

Company

1,250,000

5.805%, 

5/1/2050

1,164,824

1,675,000

6.858%, 

5/1/2054

c

1,773,230

2,850,000

5.930%, 

5/1/2060

2,621,252

1,850,000

7.008%, 

5/1/2064

c

1,960,920

850,000

6.528%, 

5/1/2034

c

892,273

3,000,000

5.705%, 

5/1/2040

2,859,480

Carrier

Global

Corporation

1,450,000

2.700%, 

2/15/2031

1,279,640

CNH

Industrial

Capital,

LLC

2,100,000

4.550%, 

4/10/2028

2,080,845

GFL

Environmental,

Inc.

3,300,000

6.750%, 

1/15/2031

c

3,393,437

Howmet

Aerospace,

Inc.

3,750,000

3.000%, 

1/15/2029

3,453,987

1,600,000

5.950%, 

2/1/2037

1,681,446

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Capital

Goods

(5.7%)

-

continued

Ingersoll

Rand,

Inc.

$

550,000

5.400%, 

8/14/2028

$

563,666

750,000

5.700%, 

8/14/2033

786,296

John

Deere

Capital

Corporation

3,250,000

5.150%, 

9/8/2033

3,342,421

2,300,000

5.100%, 

4/11/2034

2,349,962

Lockheed

Martin

Corporation

1,400,000

5.900%, 

11/15/2063

1,528,244

Northrop

Grumman

Corporation

1,200,000

4.700%, 

3/15/2033

1,186,536

Regal

Rexnord

Corporation

2,150,000

6.050%, 

4/15/2028

2,203,220

2,200,000

6.300%, 

2/15/2030

2,294,554

Republic

Services,

Inc.

3,900,000

4.875%, 

4/1/2029

3,940,089

RTX

Corporation

1,000,000

3.030%, 

3/15/2052

659,248

850,000

6.400%, 

3/15/2054

955,006

2,150,000

6.000%, 

3/15/2031

2,287,611

850,000

6.100%, 

3/15/2034

916,012

1,075,000

4.450%, 

11/16/2038

983,951

Spirit

AeroSystems,

Inc.

3,250,000

4.600%, 

6/15/2028

d

3,079,101

Teledyne

Technologies,

Inc.

2,000,000

2.250%, 

4/1/2028

1,830,039

Textron,

Inc.

1,440,000

3.650%, 

3/15/2027

1,398,725

Waste

Connections,

Inc.

3,600,000

5.000%, 

3/1/2034

3,614,677

Total

60,444,753

Collateralized

Mortgage

Obligations

(<0.1%)

Wachovia

Mortgage

Loan

Trust,

LLC

27,718

6.624%, 

5/20/2036,

Ser.

2006-A,

Class

2A1

b

26,668

Total

26,668

Communications

Services

(7.5%)

American

Tower

Corporation

1,440,000

3.125%, 

1/15/2027

1,381,904

1,900,000

1.875%, 

10/15/2030

1,589,725

1,100,000

5.650%, 

3/15/2033

1,134,369

AT&T,

Inc.

1,750,000

3.650%, 

6/1/2051

1,269,369

1,519,000

4.300%, 

2/15/2030

1,485,541

1,750,000

2.750%, 

6/1/2031

1,531,417

3,368,000

2.550%, 

12/1/2033

2,754,286

3,200,000

5.400%, 

2/15/2034

3,269,229

1,800,000

4.500%, 

3/9/2048

1,528,308

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

3,350,000

5.375%, 

6/1/2029

c

3,131,779

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

2,350,000

6.100%, 

6/1/2029

2,402,280

1,550,000

6.550%, 

6/1/2034

1,589,889

1,550,000

6.384%, 

10/23/2035

1,553,967

2,000,000

3.500%, 

6/1/2041

1,386,496

2,850,000

6.484%, 

10/23/2045

2,696,219

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

85

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Communications

Services

(7.5%)

-

continued

Comcast

Corporation

$

2,300,000

5.300%, 

6/1/2034

$

2,353,146

1,600,000

4.600%, 

10/15/2038

1,502,256

1,800,000

4.650%, 

7/15/2042

1,641,045

Crown

Castle,

Inc.

1,800,000

3.800%, 

2/15/2028

1,733,787

1,800,000

4.300%, 

2/15/2029

1,753,616

Discovery

Communications,

LLC

900,000

4.900%, 

3/11/2026

890,228

Meta

Platforms,

Inc.

1,500,000

5.600%, 

5/15/2053

1,563,839

1,750,000

4.800%, 

5/15/2030

1,782,391

1,750,000

4.950%, 

5/15/2033

1,786,203

Netflix,

Inc.

2,155,000

5.875%, 

11/15/2028

2,260,078

1,200,000

6.375%, 

5/15/2029

1,288,794

3,700,000

4.875%, 

6/15/2030

c

3,741,360

Rogers

Communications,

Inc.

1,400,000

5.000%, 

2/15/2029

1,404,604

900,000

5.300%, 

2/15/2034

902,047

Sprint

Capital

Corporation

130,000

6.875%, 

11/15/2028

139,380

5,050,000

8.750%, 

3/15/2032

6,140,391

T-Mobile

USA,

Inc.

3,600,000

3.400%, 

10/15/2052

2,524,123

1,850,000

4.850%, 

1/15/2029

1,859,050

1,200,000

3.500%, 

4/15/2031

1,098,141

1,200,000

3.000%, 

2/15/2041

883,711

Verizon

Communications,

Inc.

1,150,000

5.500%, 

2/23/2054

1,153,039

1,400,000

4.000%, 

3/22/2050

1,119,952

1,600,000

2.100%, 

3/22/2028

1,466,560

1,409,000

1.680%, 

10/30/2030

1,174,554

2,800,000

3.400%, 

3/22/2041

2,195,104

Videotron,

Ltd.

2,900,000

3.625%, 

6/15/2029

c,d

2,696,535

Vodafone

Group

plc

1,900,000

5.750%, 

6/28/2054

1,885,624

Warnermedia

Holdings,

Inc.

2,400,000

5.050%, 

3/15/2042

1,893,321

Total

79,537,657

Consumer

Cyclical

(8.0%)

Amazon.com,

Inc.

1,200,000

3.100%, 

5/12/2051

846,932

American

Honda

Finance

Corporation

3,300,000

5.050%, 

7/10/2031

3,341,621

Daimler

Trucks

Finance

North

America,

LLC

2,000,000

5.400%, 

9/20/2028

c

2,045,530

3,500,000

2.375%, 

12/14/2028

c

3,179,270

Expedia

Group,

Inc.

3,600,000

3.250%, 

2/15/2030

3,315,105

Ford

Motor

Company

1,300,000

3.250%, 

2/12/2032

1,091,260

Ford

Motor

Credit

Company,

LLC

1,900,000

5.850%, 

5/17/2027

1,920,076

1,250,000

6.800%, 

5/12/2028

1,303,730

1,700,000

7.350%, 

3/6/2030

1,825,735

2,600,000

6.050%, 

3/5/2031

2,637,591

General

Motors

Company

1,575,000

6.800%, 

10/1/2027

1,655,400

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Consumer

Cyclical

(8.0%)

-

continued

General

Motors

Financial

Company,

Inc.

$

3,100,000

5.750%, 

2/8/2031

$

3,172,100

3,450,000

6.400%, 

1/9/2033

3,646,207

1,350,000

6.100%, 

1/7/2034

1,390,682

GLP

Capital,

LP

2,000,000

3.250%, 

1/15/2032

1,715,514

Harley-Davidson

Financial

Services,

Inc.

1,050,000

6.500%, 

3/10/2028

c,d

1,085,465

2,050,000

5.950%, 

6/11/2029

c

2,081,893

Home

Depot,

Inc.

750,000

4.850%, 

6/25/2031

760,427

950,000

4.950%, 

6/25/2034

959,318

1,820,000

4.250%, 

4/1/2046

1,578,119

Hyatt

Hotels

Corporation

1,658,000

5.750%, 

4/23/2030

1,714,177

Hyundai

Capital

America

2,500,000

1.800%, 

1/10/2028

c

2,253,734

4,400,000

6.200%, 

9/21/2030

c

4,665,668

Kohl's

Corporation

2,600,000

4.625%, 

5/1/2031

2,110,511

Las

Vegas

Sands

Corporation

950,000

6.000%, 

8/15/2029

967,669

Lowe's

Companies,

Inc.

1,300,000

5.625%, 

4/15/2053

1,288,159

3,250,000

2.625%, 

4/1/2031

2,838,170

Marriott

International,

Inc./MD

4,100,000

4.625%, 

6/15/2030

4,067,104

McDonald's

Corporation

1,825,000

4.450%, 

3/1/2047

1,570,238

Nissan

Motor

Acceptance

Company,

LLC

1,300,000

7.050%, 

9/15/2028

c

1,367,327

PACCAR

Financial

Corporation

1,250,000

4.600%, 

1/31/2029

1,255,765

Starbucks

Corporation

3,000,000

4.800%, 

2/15/2033

d

2,992,225

Tapestry,

Inc.

850,000

7.000%, 

11/27/2026

878,818

Target

Corporation

2,250,000

2.950%, 

1/15/2052

1,496,379

Toll

Brothers

Finance

Corporation

1,700,000

3.800%, 

11/1/2029

1,605,202

Toyota

Motor

Credit

Corporation

3,500,000

4.550%, 

5/17/2030

3,498,652

VICI

Properties,

LP/VICI

Note

Company,

Inc.

360,000

4.500%, 

9/1/2026

c

353,419

90,000

4.250%, 

12/1/2026

c

87,805

2,425,000

5.750%, 

2/1/2027

c

2,441,963

1,200,000

3.750%, 

2/15/2027

c

1,153,680

90,000

4.625%, 

12/1/2029

c

86,653

Walmart,

Inc.

1,800,000

4.500%, 

9/9/2052

1,650,189

ZF

North

America

Capital,

Inc.

2,350,000

6.750%, 

4/23/2030

c

2,393,896

2,350,000

6.875%, 

4/23/2032

c

2,429,684

Total

84,719,062

Consumer

Non-Cyclical

(10.1%)

Abbott

Laboratories

810,000

4.750%, 

11/30/2036

809,738

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

86

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Consumer

Non-Cyclical

(10.1%)

-

continued

$

2,000,000

6.000%, 

4/1/2039

$

2,225,113

AbbVie,

Inc.

950,000

5.400%, 

3/15/2054

962,410

950,000

5.050%, 

3/15/2034

967,499

3,900,000

4.550%, 

3/15/2035

3,798,636

1,900,000

4.300%, 

5/14/2036

1,796,717

Amgen,

Inc.

3,000,000

5.650%, 

3/2/2053

3,022,857

2,100,000

5.250%, 

3/2/2033

2,134,219

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

1,790,000

4.700%, 

2/1/2036

1,749,009

Anheuser-Busch

InBev

Worldwide,

Inc.

2,500,000

3.500%, 

6/1/2030

2,371,969

414,000

4.600%, 

4/15/2048

376,982

1,800,000

4.439%, 

10/6/2048

1,579,616

AstraZeneca

Finance,

LLC

1,400,000

4.850%, 

2/26/2029

1,420,903

AstraZeneca

plc

2,600,000

2.125%, 

8/6/2050

1,491,136

2,500,000

1.375%, 

8/6/2030

2,093,945

BAT

Capital

Corporation

3,000,000

2.259%, 

3/25/2028

2,734,079

1,900,000

6.343%, 

8/2/2030

2,022,361

1,100,000

5.834%, 

2/20/2031

1,141,132

1,600,000

7.750%, 

10/19/2032

1,845,096

Becton,

Dickinson

and

Company

2,194,000

3.794%, 

5/20/2050

1,698,275

1,450,000

5.081%, 

6/7/2029

1,473,584

Bristol-Myers

Squibb

Company

850,000

6.250%, 

11/15/2053

940,609

Cargill,

Inc.

1,250,000

3.125%, 

5/25/2051

c

862,450

Conagra

Brands,

Inc.

1,450,000

5.300%, 

11/1/2038

1,412,259

Constellation

Brands,

Inc.

360,000

3.500%, 

5/9/2027

347,693

1,150,000

4.800%, 

1/15/2029

1,152,719

2,000,000

4.900%, 

5/1/2033

1,973,723

CVS

Health

Corporation

2,250,000

5.625%, 

2/21/2053

2,145,828

1,050,000

4.250%, 

4/1/2050

823,031

1,350,000

5.125%, 

2/21/2030

1,364,053

1,850,000

5.550%, 

6/1/2031

1,890,947

2,200,000

2.125%, 

9/15/2031

1,808,095

Eli

Lilly

&

Company

1,400,000

5.100%, 

2/9/2064

1,365,335

1,750,000

4.700%, 

2/27/2033

1,757,833

HCA,

Inc.

2,000,000

5.625%, 

9/1/2028

2,047,494

Imperial

Brands

Finance

plc

1,800,000

3.500%, 

7/26/2026

c

1,745,159

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Company/JBS

Lux

Company

SARL

2,000,000

4.375%, 

2/2/2052

1,507,257

800,000

5.500%, 

1/15/2030

797,168

1,650,000

3.625%, 

1/15/2032

1,441,910

2,600,000

3.000%, 

5/15/2032

2,169,256

Kenvue,

Inc.

1,250,000

5.050%, 

3/22/2053

1,208,152

1,150,000

5.000%, 

3/22/2030

1,178,030

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Consumer

Non-Cyclical

(10.1%)

-

continued

Kraft

Heinz

Foods

Company

$

1,230,000

4.375%, 

6/1/2046

$

1,033,213

Mattel,

Inc.

1,250,000

3.375%, 

4/1/2026

c

1,209,695

Medtronic,

Inc.

2,800,000

4.375%, 

3/15/2035

2,706,127

Nestle

Holdings,

Inc.

3,000,000

4.950%, 

3/14/2030

c

3,073,340

2,100,000

4.850%, 

3/14/2033

c

2,138,998

PepsiCo,

Inc.

1,625,000

5.250%, 

7/17/2054

1,649,103

Pfizer

Investment

Enterprises,

Private

Ltd.

1,675,000

5.300%, 

5/19/2053

1,654,127

2,000,000

5.340%, 

5/19/2063

1,948,603

833,000

4.750%, 

5/19/2033

830,325

Philip

Morris

International,

Inc.

3,500,000

5.500%, 

9/7/2030

3,627,952

1,650,000

5.125%, 

2/13/2031

1,673,320

2,065,000

5.750%, 

11/17/2032

2,160,888

3,000,000

5.250%, 

2/13/2034

3,022,975

Reynolds

American,

Inc.

940,000

5.850%, 

8/15/2045

902,182

Roche

Holdings,

Inc.

2,700,000

2.607%, 

12/13/2051

c

1,712,509

1,450,000

4.985%, 

3/8/2034

c

1,476,414

Smithfield

Foods,

Inc.

800,000

3.000%, 

10/15/2030

c

695,519

Sysco

Corporation

1,000,000

6.600%, 

4/1/2040

1,102,697

Takeda

Pharmaceutical

Company,

Ltd.

2,200,000

3.175%, 

7/9/2050

1,494,918

2,400,000

5.300%, 

7/5/2034

2,432,356

Viterra

Finance

BV

2,250,000

5.250%, 

4/21/2032

c,d

2,256,076

Total

106,455,614

Energy

(7.5%)

BP

Capital

Markets

America,

Inc.

3,750,000

3.001%, 

3/17/2052

2,483,962

BP

Capital

Markets

plc

1,400,000

6.450%, 

12/1/2033

b,e

1,444,856

Canadian

Natural

Resources,

Ltd.

800,000

2.950%, 

7/15/2030

717,872

Cheniere

Energy

Partners,

LP

5,190,000

4.500%, 

10/1/2029

5,022,706

1,500,000

4.000%, 

3/1/2031

1,388,315

1,350,000

5.950%, 

6/30/2033

1,394,589

Cheniere

Energy,

Inc.

900,000

5.650%, 

4/15/2034

c

914,552

Diamondback

Energy,

Inc.

450,000

5.150%, 

1/30/2030

457,052

450,000

5.400%, 

4/18/2034

455,519

Energy

Transfer,

LP

900,000

8.000%, 

5/15/2054

b

958,139

1,550,000

6.050%, 

9/1/2054

1,553,732

1,000,000

6.500%, 

11/15/2026

b,e

993,472

2,100,000

4.200%, 

4/15/2027

2,064,111

2,350,000

3.750%, 

5/15/2030

2,213,545

900,000

5.550%, 

5/15/2034

908,080

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

87

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Energy

(7.5%)

-

continued

Enterprise

Products

Operating,

LLC

$

900,000

8.574%, 

(TSFR3M

+

3.248%),

8/16/2077

b

$

894,660

EQM

Midstream

Partners,

LP

2,900,000

7.500%, 

6/1/2030

c

3,129,785

1,475,000

4.750%, 

1/15/2031

c

1,392,682

Halliburton

Company

2,200,000

4.850%, 

11/15/2035

2,160,797

Hess

Corporation

1,400,000

4.300%, 

4/1/2027

1,382,683

Marathon

Oil

Corporation

2,900,000

5.300%, 

4/1/2029

2,963,926

MPLX,

LP

1,750,000

4.800%, 

2/15/2029

1,749,281

950,000

5.500%, 

6/1/2034

956,940

National

Fuel

Gas

Company

3,025,000

5.500%, 

1/15/2026

3,034,342

Occidental

Petroleum

Corporation

1,000,000

6.050%, 

10/1/2054

1,005,364

2,500,000

6.625%, 

9/1/2030

2,668,220

ONEOK,

Inc.

600,000

5.650%, 

11/1/2028

618,559

4,600,000

6.350%, 

1/15/2031

4,885,110

Ovintiv,

Inc.

1,150,000

5.650%, 

5/15/2028

1,174,631

1,800,000

6.250%, 

7/15/2033

1,882,557

Phillips

66

Company

2,250,000

4.950%, 

12/1/2027

2,269,013

Pioneer

Natural

Resources

Company

1,200,000

2.150%, 

1/15/2031

1,031,176

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

1,800,000

3.800%, 

9/15/2030

1,684,328

Schlumberger

Holdings

Corporation

1,750,000

3.900%, 

5/17/2028

c

1,701,654

Southwestern

Energy

Company

3,700,000

5.375%, 

3/15/2030

3,611,995

1,000,000

4.750%, 

2/1/2032

934,491

Targa

Resources

Corporation

1,400,000

6.125%, 

3/15/2033

1,472,706

TotalEnergies

Capital

SA

3,500,000

5.488%, 

4/5/2054

3,540,635

700,000

5.150%, 

4/5/2034

715,806

TransCanada

PipeLines,

Ltd.

1,250,000

4.625%, 

3/1/2034

1,201,437

Western

Gas

Partners,

LP

3,300,000

4.650%, 

7/1/2026

3,264,625

Williams

Companies,

Inc.

1,300,000

5.300%, 

8/15/2052

1,235,518

1,800,000

7.500%, 

1/15/2031

2,022,640

1,730,000

4.850%, 

3/1/2048

1,534,051

Total

79,090,114

Financials

(36.1%)

AerCap

Holdings

NV

1,800,000

5.875%, 

10/10/2079

b,d

1,795,493

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

1,200,000

6.950%, 

3/10/2055

b

1,213,443

1,500,000

4.625%, 

10/15/2027

1,482,144

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Financials

(36.1%)

-

continued

$

2,200,000

3.875%, 

1/23/2028

$

2,120,935

2,900,000

6.150%, 

9/30/2030

3,063,265

1,600,000

3.400%, 

10/29/2033

1,381,205

Air

Lease

Corporation

2,900,000

4.650%, 

6/15/2026

b,e

2,799,225

1,200,000

3.625%, 

4/1/2027

1,151,721

1,500,000

3.000%, 

2/1/2030

1,359,778

Aircastle,

Ltd.

1,200,000

2.850%, 

1/26/2028

c

1,103,312

Ally

Financial,

Inc.

2,580,000

5.750%, 

11/20/2025

2,589,143

1,250,000

8.000%, 

11/1/2031

1,406,607

American

Express

Company

1,700,000

6.489%, 

10/30/2031

b

1,849,274

2,000,000

5.284%, 

7/26/2035

b

2,024,512

American

Homes

4

Rent,

LP

1,450,000

2.375%, 

7/15/2031

1,206,780

ANZ

Bank

New

Zealand,

Ltd.

1,300,000

5.548%, 

8/11/2032

b,c

1,311,879

1,500,000

5.898%, 

7/10/2034

b,c

1,529,268

Aon

North

America,

Inc.

1,400,000

5.450%, 

3/1/2034

1,428,836

Ares

Capital

Corporation

2,400,000

3.875%, 

1/15/2026

2,338,908

1,200,000

2.875%, 

6/15/2027

1,116,985

2,050,000

5.875%, 

3/1/2029

2,057,132

Associated

Banc-Corp

1,850,000

4.250%, 

1/15/2025

1,832,944

Australia

&

New

Zealand

Banking

Group,

Ltd.

1,800,000

2.950%, 

7/22/2030

b,c

1,754,728

Avolon

Holdings

Funding,

Ltd.

3,600,000

4.375%, 

5/1/2026

c

3,537,688

2,400,000

5.750%, 

11/15/2029

c

2,443,947

Banco

Santander

SA

3,000,000

5.294%, 

8/18/2027

3,018,611

1,200,000

4.379%, 

4/12/2028

1,173,368

1,400,000

5.439%, 

7/15/2031

1,423,682

Bank

of

America

Corporation

2,800,000

3.705%, 

4/24/2028

b

2,714,968

1,500,000

5.202%, 

4/25/2029

b

1,518,318

1,450,000

4.271%, 

7/23/2029

b

1,420,228

3,000,000

5.819%, 

9/15/2029

b

3,106,346

1,175,000

3.974%, 

2/7/2030

b

1,131,637

2,030,000

3.194%, 

7/23/2030

b

1,878,135

2,800,000

1.922%, 

10/24/2031

b

2,346,370

2,750,000

2.572%, 

10/20/2032

b

2,336,425

1,200,000

2.972%, 

2/4/2033

b

1,040,403

3,200,000

4.571%, 

4/27/2033

b

3,089,961

1,400,000

5.468%, 

1/23/2035

b

1,431,549

1,200,000

4.244%, 

4/24/2038

b

1,092,400

Bank

of

Montreal

2,850,000

5.511%, 

6/4/2031

2,938,613

Bank

of

New

York

Mellon

Corporation

2,075,000

5.802%, 

10/25/2028

b

2,141,536

2,200,000

4.543%, 

2/1/2029

b

2,188,615

Barclays

plc

2,400,000

6.125%, 

12/15/2025

b,e

2,369,296

2,200,000

5.829%, 

5/9/2027

b

2,224,656

675,000

5.674%, 

3/12/2028

b

684,044

850,000

9.625%, 

12/15/2029

b,e

928,287

1,900,000

2.645%, 

6/24/2031

b

1,660,317

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

88

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Financials

(36.1%)

-

continued

Berkshire

Hathaway

Finance

Corporation

$

4,500,000

2.850%, 

10/15/2050

$

3,005,162

1,050,000

4.250%, 

1/15/2049

922,003

Blackstone

Private

Credit

Fund

1,400,000

7.050%, 

9/29/2025

1,420,325

Blackstone

Secured

Lending

Fund

1,075,000

5.875%, 

11/15/2027

1,083,026

Blue

Owl

Credit

Income

Corporation

2,000,000

4.700%, 

2/8/2027

1,936,256

900,000

6.600%, 

9/15/2029

c,d

907,718

Blue

Owl

Technology

Finance

Corporation

1,000,000

3.750%, 

6/17/2026

c

945,185

Blue

Owl

Technology

Finance

Corporation

II

1,900,000

6.750%, 

4/4/2029

c

1,891,353

BNP

Paribas

SA

1,350,000

8.500%, 

8/14/2028

b,c,d,e

1,415,999

BPCE

SA

1,250,000

6.612%, 

10/19/2027

b,c

1,282,928

1,350,000

6.508%, 

1/18/2035

b,c

1,392,454

Brixmor

Operating

Partnership,

LP

1,000,000

2.250%, 

4/1/2028

908,232

Centene

Corporation

90,000

4.250%, 

12/15/2027

87,138

270,000

4.625%, 

12/15/2029

259,864

3,145,000

3.375%, 

2/15/2030

2,833,553

2,000,000

2.500%, 

3/1/2031

1,674,346

1,800,000

2.625%, 

8/1/2031

1,500,377

Charles

Schwab

Corporation

1,450,000

5.375%, 

6/1/2025

b,e

1,433,031

1,700,000

6.196%, 

11/17/2029

b

1,782,080

2,900,000

4.000%, 

12/1/2030

b,e

2,448,319

Citigroup,

Inc.

1,510,000

4.450%, 

9/29/2027

1,490,760

1,500,000

3.668%, 

7/24/2028

b

1,449,115

2,000,000

4.075%, 

4/23/2029

b

1,948,603

2,100,000

7.125%, 

8/15/2029

b,e

2,101,588

2,050,000

5.174%, 

2/13/2030

b

2,072,548

2,250,000

2.520%, 

11/3/2032

b

1,895,715

4,100,000

3.057%, 

1/25/2033

b

3,561,312

2,500,000

7.000%, 

8/15/2034

b,e

2,536,017

Citizens

Financial

Group,

Inc.

1,400,000

5.841%, 

1/23/2030

b

1,423,144

1,325,000

5.718%, 

7/23/2032

b

1,341,316

Comerica,

Inc.

1,150,000

5.625%, 

7/1/2025

b,d,e

1,124,542

COPT

Defense

Properties,

LP

1,325,000

2.250%, 

3/15/2026

1,263,697

Corebridge

Financial,

Inc.

950,000

3.650%, 

4/5/2027

920,920

1,350,000

3.850%, 

4/5/2029

1,287,686

Corebridge

Global

Funding

1,350,000

5.900%, 

9/19/2028

c

1,398,763

1,950,000

5.200%, 

6/24/2029

c

1,984,810

Credit

Agricole

SA

1,400,000

6.875%, 

9/23/2024

b,c,e

1,398,892

Credit

Suisse

Group

AG

2,300,000

5.250%, 

N/A

*,f

253,000

2,350,000

7.250%, 

N/A

*,f

258,500

1,300,000

7.500%, 

N/A

*,f

143,000

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Financials

(36.1%)

-

continued

Deutsche

Bank

AG/New

York,

NY

$

1,800,000

2.311%, 

11/16/2027

b

$

1,682,744

Discover

Bank

2,510,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

b

2,516,388

Elevance

Health,

Inc.

1,250,000

5.125%, 

2/15/2053

1,174,504

1,250,000

6.100%, 

10/15/2052

1,334,725

1,500,000

4.750%, 

2/15/2033

1,480,873

EPR

Properties

1,318,000

4.950%, 

4/15/2028

1,290,102

2,800,000

3.750%, 

8/15/2029

2,562,653

Extra

Space

Storage,

LP

1,500,000

5.500%, 

7/1/2030

1,543,375

1,900,000

5.900%, 

1/15/2031

1,978,614

Fairfax

Financial

Holdings,

Ltd.

2,350,000

6.100%, 

3/15/2055

c

2,348,193

First

Horizon

Bank

1,250,000

5.750%, 

5/1/2030

d

1,228,354

First-Citizens

Bank

&

Trust

Company

3,650,000

6.125%, 

3/9/2028

3,765,619

FS

KKR

Capital

Corporation

3,150,000

4.250%, 

2/14/2025

c

3,119,685

2,250,000

6.875%, 

8/15/2029

2,279,996

Goldman

Sachs

BDC,

Inc.

800,000

6.375%, 

3/11/2027

817,849

Goldman

Sachs

Group,

Inc.

1,800,000

4.950%, 

2/10/2025

b,e

1,782,665

2,750,000

3.814%, 

4/23/2029

b

2,645,032

3,400,000

4.223%, 

5/1/2029

b

3,321,508

3,800,000

3.102%, 

2/24/2033

b

3,319,034

Highwoods

Realty,

LP

950,000

4.125%, 

3/15/2028

905,265

1,900,000

4.200%, 

4/15/2029

1,782,835

HSBC

Holdings

plc

2,530,000

4.041%, 

3/13/2028

b

2,466,336

Huntington

Bancshares,

Inc./OH

2,750,000

5.709%, 

2/2/2035

b

2,780,138

ING

Groep

NV

2,000,000

6.083%, 

9/11/2027

b

2,041,443

Intercontinental

Exchange,

Inc.

800,000

4.950%, 

6/15/2052

751,776

900,000

4.350%, 

6/15/2029

882,768

Invitation

Homes

Operating

Partnership,

LP

1,000,000

2.300%, 

11/15/2028

899,596

1,250,000

5.450%, 

8/15/2030

1,279,617

1,000,000

2.000%, 

8/15/2031

812,262

J.P.

Morgan

Chase

&

Company

900,000

5.040%, 

1/23/2028

b

904,076

2,300,000

6.875%, 

6/1/2029

b,e

2,376,483

2,650,000

5.299%, 

7/24/2029

b

2,697,139

1,700,000

6.087%, 

10/23/2029

b

1,783,063

2,400,000

4.995%, 

7/22/2030

b

2,417,825

1,800,000

2.956%, 

5/13/2031

b

1,611,273

800,000

2.580%, 

4/22/2032

b

690,105

2,100,000

2.545%, 

11/8/2032

b

1,789,376

2,700,000

4.586%, 

4/26/2033

b

2,623,994

2,800,000

4.912%, 

7/25/2033

b

2,773,762

2,000,000

5.717%, 

9/14/2033

b

2,071,460

850,000

5.336%, 

1/23/2035

b

863,451

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

89

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Financials

(36.1%)

-

continued

Jackson

National

Life

Global

Funding

$

1,375,000

5.550%, 

7/2/2027

c,d

$

1,393,578

KeyBank

NA/Cleveland,

OH

1,775,000

4.150%, 

8/8/2025

d

1,752,019

KeyCorp

2,100,000

2.250%, 

4/6/2027

1,943,200

1,650,000

6.401%, 

3/6/2035

b

1,721,133

Kilroy

Realty,

LP

1,450,000

4.250%, 

8/15/2029

1,345,956

850,000

6.250%, 

1/15/2036

837,466

Kimco

Realty

OP,

LLC

1,250,000

6.400%, 

3/1/2034

1,358,382

Lloyds

Banking

Group

plc

1,090,000

4.650%, 

3/24/2026

1,078,777

1,500,000

5.985%, 

8/7/2027

b

1,525,424

1,500,000

5.462%, 

1/5/2028

b

1,514,932

1,950,000

5.721%, 

6/5/2030

b

2,005,708

M&T

Bank

Corporation

1,300,000

3.500%, 

9/1/2026

b,e

1,120,684

Macquarie

Airfinance

Holdings,

Ltd.

375,000

6.500%, 

3/26/2031

c

389,174

Massachusetts

Mutual

Life

Insurance

Company

3,400,000

3.200%, 

12/1/2061

c

2,127,149

Met

Tower

Global

Funding

1,850,000

5.250%, 

4/12/2029

c

1,893,386

Metropolitan

Life

Global

Funding

I

3,050,000

4.300%, 

8/25/2029

c

2,990,696

Mitsubishi

UFJ

Financial

Group,

Inc.

2,250,000

5.133%, 

7/20/2033

b

2,269,014

Mizuho

Financial

Group,

Inc.

1,400,000

1.979%, 

9/8/2031

b

1,176,903

Morgan

Stanley

1,490,000

4.350%, 

9/8/2026

1,472,059

1,150,000

5.123%, 

2/1/2029

b

1,160,799

950,000

5.449%, 

7/20/2029

b

970,013

2,350,000

5.656%, 

4/18/2030

b

2,424,082

2,400,000

3.622%, 

4/1/2031

b

2,249,533

1,900,000

1.794%, 

2/13/2032

b

1,555,842

2,000,000

2.943%, 

1/21/2033

b

1,731,169

950,000

4.889%, 

7/20/2033

b

935,293

2,900,000

6.342%, 

10/18/2033

b

3,139,115

1,100,000

6.627%, 

11/1/2034

b

1,212,736

1,400,000

5.466%, 

1/18/2035

b

1,424,736

1,400,000

5.297%, 

4/20/2037

b

1,373,505

Morgan

Stanley

Direct

Lending

Fund

950,000

6.150%, 

5/17/2029

c

949,670

Nationwide

Building

Society

2,200,000

6.557%, 

10/18/2027

b,c

2,266,457

Nationwide

Mutual

Insurance

Company

1,775,000

4.350%, 

4/30/2050

c

1,382,451

NatWest

Group

plc

600,000

3.754%, 

11/1/2029

b

596,633

950,000

8.125%, 

11/10/2033

b,e

983,690

2,900,000

3.032%, 

11/28/2035

b

2,512,446

New

York

Life

Global

Funding

2,350,000

4.550%, 

1/28/2033

c

2,298,539

NNN

REIT,

Inc.

900,000

5.600%, 

10/15/2033

918,810

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Financials

(36.1%)

-

continued

Omega

Healthcare

Investors,

Inc.

$

1,667,000

4.750%, 

1/15/2028

$

1,639,148

1,875,000

3.625%, 

10/1/2029

1,713,861

PNC

Financial

Services

Group,

Inc.

1,700,000

6.615%, 

10/20/2027

b

1,760,606

2,500,000

6.250%, 

3/15/2030

b,e

2,437,115

3,000,000

5.068%, 

1/24/2034

b

2,967,844

1,900,000

6.875%, 

10/20/2034

b

2,114,535

Prologis,

LP

1,250,000

1.750%, 

2/1/2031

1,039,812

Prudential

Financial,

Inc.

1,500,000

6.500%, 

3/15/2054

b

1,529,257

1,750,000

3.700%, 

10/1/2050

b

1,542,021

Public

Storage

Operating

Company

1,250,000

5.125%, 

1/15/2029

1,280,479

Realty

Income

Corporation

1,450,000

3.400%, 

1/15/2030

1,352,924

2,775,000

3.200%, 

2/15/2031

2,504,708

Regency

Centers,

LP

1,440,000

3.600%, 

2/1/2027

1,399,703

1,750,000

3.700%, 

6/15/2030

1,650,906

1,000,000

5.250%, 

1/15/2034

1,002,530

Regions

Financial

Corporation

1,600,000

5.722%, 

6/6/2030

b

1,629,536

RGA

Global

Funding

3,500,000

6.000%, 

11/21/2028

c

3,657,786

900,000

5.500%, 

1/11/2031

c

920,763

Royal

Bank

of

Canada

2,350,000

7.500%, 

5/2/2084

b

2,440,564

Santander

Holdings

USA,

Inc.

975,000

6.124%, 

5/31/2027

b

987,828

Simon

Property

Group,

LP

1,150,000

6.650%, 

1/15/2054

1,305,820

Societe

Generale

SA

2,150,000

10.000%, 

11/14/2028

b,c,e

2,270,002

Standard

Chartered

plc

950,000

5.688%, 

5/14/2028

b,c

962,904

State

Street

Corporation

1,150,000

6.700%, 

3/15/2029

b,e

1,151,225

Sumitomo

Mitsui

Financial

Group,

Inc.

2,900,000

5.808%, 

9/14/2033

d

3,068,578

Synchrony

Financial

1,050,000

4.250%, 

8/15/2024

1,049,290

Truist

Financial

Corporation

1,100,000

6.047%, 

6/8/2027

b

1,118,235

1,250,000

5.125%, 

12/15/2027

b,d,e

1,179,558

1,150,000

5.435%, 

1/24/2030

b

1,167,721

U.S.

Bancorp

2,150,000

5.775%, 

6/12/2029

b

2,214,185

900,000

5.384%, 

1/23/2030

b

917,666

900,000

5.678%, 

1/23/2035

b

924,437

UBS

Group

AG

2,400,000

4.875%, 

2/12/2027

b,c,e

2,260,261

4,900,000

3.869%, 

1/12/2029

b,c

4,712,377

250,000

3.091%, 

5/14/2032

b,c

218,533

6,450,000

6.537%, 

8/12/2033

b,c

6,929,087

1,350,000

9.250%, 

11/13/2033

b,c,e

1,527,734

UnitedHealth

Group,

Inc.

1,300,000

5.875%, 

2/15/2053

1,375,682

2,400,000

4.950%, 

5/15/2062

2,183,521

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

90

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Financials

(36.1%)

-

continued

$

760,000

4.750%, 

7/15/2045

$

703,649

1,775,000

4.450%, 

12/15/2048

1,546,703

Wells

Fargo

&

Company

3,050,000

3.526%, 

3/24/2028

b

2,943,507

1,900,000

5.707%, 

4/22/2028

b

1,937,086

1,500,000

6.303%, 

10/23/2029

b

1,579,318

2,150,000

5.198%, 

1/23/2030

b

2,176,099

2,750,000

4.478%, 

4/4/2031

b

2,687,520

2,700,000

4.897%, 

7/25/2033

b

2,653,756

1,900,000

6.491%, 

10/23/2034

b

2,070,223

Westpac

Banking

Corporation

1,600,000

2.894%, 

2/4/2030

b

1,575,976

1,850,000

2.963%, 

11/16/2040

d

1,336,552

Willis

North

America,

Inc.

2,400,000

4.650%, 

6/15/2027

2,385,998

Total

381,842,438

Foreign

Government

(0.5%)

Dominican

Republic

Government

International

Bond

550,000

6.000%, 

7/19/2028

c

551,836

3,200,000

6.000%, 

2/22/2033

c

3,167,114

Saudi

Arabian

Oil

Company

1,475,000

5.875%, 

7/17/2064

c

1,447,140

Total

5,166,090

Mortgage-Backed

Securities

(0.7%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

7,381,284

5.500%, 

7/1/2053

7,428,164

Total

7,428,164

Technology

(5.5%)

Apple,

Inc.

1,850,000

2.700%, 

8/5/2051

1,217,108

1,750,000

3.950%, 

8/8/2052

1,471,446

1,080,000

3.750%, 

9/12/2047

894,067

Broadcom,

Inc.

1,000,000

5.150%, 

11/15/2031

1,012,979

1,743,000

3.469%, 

4/15/2034

c

1,522,204

2,400,000

3.137%, 

11/15/2035

c

1,980,536

3,950,000

3.187%, 

11/15/2036

c

3,221,717

1,800,000

4.926%, 

5/15/2037

c

1,737,004

Cisco

Systems,

Inc.

1,150,000

4.950%, 

2/26/2031

1,175,526

1,400,000

5.050%, 

2/26/2034

1,431,836

Dell

International,

LLC/EMC

Corporation

274,000

8.350%, 

7/15/2046

356,082

Equinix

Europe

2

Financing

Corporation,

LLC

2,700,000

5.500%, 

6/15/2034

2,755,777

Equinix,

Inc.

1,800,000

2.000%, 

5/15/2028

1,627,031

Fiserv,

Inc.

2,000,000

2.650%, 

6/1/2030

1,785,798

2,500,000

5.600%, 

3/2/2033

2,587,244

Foundry

JV

Holdco,

LLC

1,500,000

6.150%, 

1/25/2032

c

1,567,909

Global

Payments,

Inc.

900,000

5.300%, 

8/15/2029

909,421

1,300,000

5.400%, 

8/15/2032

1,299,652

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Technology

(5.5%)

-

continued

Marvell

Technology,

Inc.

$

1,100,000

4.875%, 

6/22/2028

$

1,096,785

1,400,000

2.950%, 

4/15/2031

1,233,157

Mastercard,

Inc.

1,250,000

4.850%, 

3/9/2033

1,271,234

Microchip

Technology,

Inc.

900,000

5.050%, 

3/15/2029

910,017

Microsoft

Corporation

1,600,000

2.500%, 

9/15/2050

1,030,951

NXP

BV/NXP

Funding,

LLC

1,200,000

5.550%, 

12/1/2028

1,232,291

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

1,100,000

3.150%, 

5/1/2027

1,052,247

1,100,000

4.300%, 

6/18/2029

1,075,266

800,000

3.250%, 

5/11/2041

597,769

Oracle

Corporation

2,700,000

5.550%, 

2/6/2053

2,625,935

2,400,000

3.950%, 

3/25/2051

1,822,877

3,300,000

6.150%, 

11/9/2029

3,513,971

2,700,000

6.250%, 

11/9/2032

2,914,610

1,800,000

4.300%, 

7/8/2034

1,684,586

2,350,000

4.000%, 

7/15/2046

1,850,371

PayPal

Holdings,

Inc.

2,300,000

5.150%, 

6/1/2034

2,324,572

Texas

Instruments,

Inc.

2,100,000

5.000%, 

3/14/2053

2,031,947

VMware,

LLC

1,900,000

2.200%, 

8/15/2031

1,586,877

Total

58,408,800

Transportation

(2.2%)

Air

Canada

1,400,000

3.875%, 

8/15/2026

c

1,346,573

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

746,667

5.500%, 

4/20/2026

c

741,667

900,000

5.750%, 

4/20/2029

c

879,484

Burlington

Northern

Santa

Fe,

LLC

1,500,000

4.700%, 

9/1/2045

1,380,863

1,800,000

4.050%, 

6/15/2048

1,495,314

Canadian

Pacific

Railway

Company

1,480,000

4.700%, 

5/1/2048

1,309,655

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

2,900,000

4.750%, 

10/20/2028

c

2,870,945

ERAC

USA

Finance,

LLC

2,440,000

4.200%, 

11/1/2046

c

2,063,499

FedEx

Corporation

1,500,000

3.250%, 

5/15/2041

1,128,212

Mileage

Plus

Holdings,

LLC

2,100,000

6.500%, 

6/20/2027

c

2,118,661

Norfolk

Southern

Corporation

4,000,000

4.450%, 

3/1/2033

3,879,385

Southwest

Airlines

Company

1,375,000

2.625%, 

2/10/2030

1,217,397

United

Airlines

Pass

Through

Trust

478,817

3.750%, 

9/3/2026

465,496

United

Airlines,

Inc.

2,100,000

4.375%, 

4/15/2026

c

2,047,473

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

91

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Transportation

(2.2%)

-

continued

$

225,000

4.625%, 

4/15/2029

c

$

212,634

Total

23,157,258

U.S.

Government

&

Agencies

(3.9%)

U.S.

Treasury

Bonds

2,300,000

4.250%, 

2/15/2054

2,261,906

11,750,000

4.625%, 

5/15/2054

12,304,453

8,000,000

4.750%, 

11/15/2053

8,538,750

2,000,000

3.875%, 

2/15/2043

1,864,297

4,500,000

4.375%, 

8/15/2043

4,478,027

U.S.

Treasury

Notes

1,250,000

4.000%, 

1/31/2029

1,252,588

4,600,000

4.375%, 

11/30/2030

4,704,758

3,770,000

3.500%, 

2/15/2033

3,624,796

2,300,000

4.000%, 

2/15/2034

2,290,297

Total

41,319,872

Utilities

(7.8%)

AES

Corporation

1,200,000

7.600%, 

1/15/2055

b

1,221,097

American

Electric

Power

Company,

Inc.

1,925,000

7.050%, 

12/15/2054

b

1,946,285

1,250,000

5.625%, 

3/1/2033

1,282,122

American

Water

Capital

Corporation

1,800,000

3.450%, 

5/1/2050

1,306,510

Arizona

Public

Service

Company

1,950,000

5.550%, 

8/1/2033

1,986,360

Berkshire

Hathaway

Energy

Company

1,425,000

4.450%, 

1/15/2049

1,199,825

CenterPoint

Energy,

Inc.

1,750,000

2.950%, 

3/1/2030

1,581,553

1,850,000

2.650%, 

6/1/2031

1,592,298

Commonwealth

Edison

Company

950,000

5.650%, 

6/1/2054

972,789

Consolidated

Edison

Company

of

New

York,

Inc.

1,583,000

3.850%, 

6/15/2046

1,251,693

2,250,000

4.125%, 

5/15/2049

1,826,578

Constellation

Energy

Generation,

LLC

1,900,000

5.800%, 

3/1/2033

1,976,267

Consumers

Energy

Company

1,150,000

4.600%, 

5/30/2029

1,152,761

Dominion

Energy,

Inc.

1,450,000

6.875%, 

2/1/2055

b

1,505,195

1,000,000

4.350%, 

1/15/2027

b,e

948,972

DTE

Energy

Company

1,850,000

5.100%, 

3/1/2029

1,866,909

1,450,000

5.850%, 

6/1/2034

1,509,420

Duke

Energy

Corporation

2,950,000

3.250%, 

1/15/2082

b

2,674,664

1,500,000

3.500%, 

6/15/2051

1,049,920

3,000,000

5.000%, 

8/15/2052

2,690,397

1,800,000

3.750%, 

9/1/2046

1,356,983

Edison

International

3,200,000

5.750%, 

6/15/2027

3,260,891

Enel

Finance

America,

LLC

2,250,000

2.875%, 

7/12/2041

c

1,526,917

Eversource

Energy

1,600,000

5.450%, 

3/1/2028

1,627,662

Principal

Amount

Long-Term

Fixed

Income

(97.5%)

Value

Utilities

(7.8%)

-

continued

Exelon

Corporation

$

1,200,000

4.100%, 

3/15/2052

$

948,786

FirstEnergy

Corporation

2,520,000

3.900%, 

7/15/2027

2,443,380

2,200,000

4.850%, 

7/15/2047

1,933,743

FirstEnergy

Transmission,

LLC

2,700,000

2.866%, 

9/15/2028

c

2,504,990

1,850,000

5.450%, 

7/15/2044

c

1,771,068

Georgia

Power

Company

700,000

5.250%, 

3/15/2034

715,079

Indiana

Michigan

Power

Company

1,000,000

5.625%, 

4/1/2053

1,005,952

National

Rural

Utilities

Cooperative

Finance

Corporation

1,400,000

4.400%, 

11/1/2048

1,199,581

Nevada

Power

Company

675,000

6.000%, 

3/15/2054

705,773

NextEra

Energy

Capital

Holdings,

Inc.

1,950,000

6.750%, 

6/15/2054

b

2,026,953

1,850,000

5.749%, 

9/1/2025

1,862,805

NiSource,

Inc.

950,000

5.200%, 

7/1/2029

964,533

1,400,000

3.600%, 

5/1/2030

1,315,237

1,080,000

4.375%, 

5/15/2047

899,448

NRG

Energy,

Inc.

1,300,000

4.450%, 

6/15/2029

c

1,247,595

Oncor

Electric

Delivery

Company,

LLC

1,510,000

3.750%, 

4/1/2045

1,195,629

Pacific

Gas

and

Electric

Company

1,100,000

3.300%, 

12/1/2027

1,040,533

3,200,000

4.550%, 

7/1/2030

3,096,813

1,650,000

5.800%, 

5/15/2034

1,682,349

PPL

Electric

Utilities

Corporation

1,150,000

4.850%, 

2/15/2034

1,147,620

Public

Service

Company

of

Colorado

1,200,000

4.500%, 

6/1/2052

1,006,818

Public

Service

Enterprise

Group,

Inc.

3,250,000

5.200%, 

4/1/2029

3,305,401

San

Diego

Gas

&

Electric

Company

1,800,000

4.150%, 

5/15/2048

1,490,976

Sempra

1,800,000

3.250%, 

6/15/2027

1,723,430

Southern

Company

2,000,000

5.700%, 

10/15/2032

2,091,958

1,300,000

4.000%, 

1/15/2051

b

1,262,663

1,350,000

3.750%, 

9/15/2051

b

1,272,749

Virginia

Electric

and

Power

Company

1,800,000

5.000%, 

1/15/2034

1,795,197

Total

82,971,127

Total

Long-Term

Fixed

Income

(cost

$1,072,226,378)

1,031,679,998

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

92

Shares

Collateral

Held

for

Securities

Loaned

(

2.1%

)

Value

21,686,964

Thrivent

Cash

Management

Trust

$

21,686,964

Total

Collateral

Held

for

Securities

Loaned

(cost

$21,686,964)

21,686,964

Shares

or

Principal

Amount

Short-Term

Investments

(

1.2%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

700,000

5.170%,

10/9/2024

g,h

693,031

500,000

5.200%,

10/23/2024

g,h

494,027

Thrivent

Core

Short-Term

Reserve

Fund

1,174,008

5.600%

11,740,076

Total

Short-Term

Investments

(cost

$12,927,145)

12,927,134

Total

Investments

(cost

$1,106,840,487)

100.8%

$1,066,294,096

Other

Assets

and

Liabilities,

Net

(0.8%)

(8,174,804)

Total

Net

Assets

100.0%

$1,058,119,292

a

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$187,079,675

or

17.7%

of

total

net

assets.

d

All

or

a

portion

of

the

security

is

on

loan.

e

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

f

Defaulted

security.  Interest

is

not

being

accrued.

g

The

interest

rate

shown

reflects

the

yield.

h

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Income

Fund

as

of

July

31,

2024

was

$654,500

or

0.06%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG 

5/17/2021

$

2,600,260

Credit

Suisse

Group

AG 

8/4/2020

2,300,000

Credit

Suisse

Group

AG 

7/9/2018

1,300,000

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Income

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

21,032,703

Total

lending

$21,032,703

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$21,686,964

Net

amounts

due

to

counterparty

$654,261

Definitions:

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

Reference

Rate

Index:

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

93

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Income

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

107,261

–

107,261

–

Basic

Materials

21,005,120

–

21,005,120

–

Capital

Goods

60,444,753

–

60,444,753

–

Collateralized

Mortgage

Obligations

26,668

–

26,668

–

Communications

Services

79,537,657

–

79,537,657

–

Consumer

Cyclical

84,719,062

–

84,719,062

–

Consumer

Non-Cyclical

106,455,614

–

106,455,614

–

Energy

79,090,114

–

79,090,114

–

Financials

381,842,438

–

381,842,438

–

Foreign

Government

5,166,090

–

5,166,090

–

Mortgage-Backed

Securities

7,428,164

–

7,428,164

–

Technology

58,408,800

–

58,408,800

–

Transportation

23,157,258

–

23,157,258

–

U.S.

Government

&

Agencies

41,319,872

–

41,319,872

–

Utilities

82,971,127

–

82,971,127

–

Short-Term

Investments

1,187,058

–

1,187,058

–

Subtotal

Investments

in

Securities

$1,032,867,056

$–

$1,032,867,056

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

11,740,076

Collateral

Held

for

Securities

Loaned

21,686,964

Subtotal

Other

Investments

$33,427,040

Total

Investments

at

Value

$1,066,294,096

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Income

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

625,373

625,373

–

–

Total

Asset

Derivatives

$625,373

$625,373

$–

$–

The

following

table

presents

Income

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$1,187,058

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

U.S.

Long

Bond

40

September

2024

$

4,646,364

$

184,887

Ultra

10-Yr.

U.S.

Treasury

Note

135

September

2024

15,162,561

440,486

Total

Futures

Long

Contracts

$

19,808,925

$

625,373

Total

Futures

Contracts

$

19,808,925

$625,373

Income

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

94

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Income

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$18,486

$260,690

$267,436

$11,740

1,174

1.1%

Total

Affiliated

Short-Term

Investments

18,486

11,740

1.1

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

8,412

97,132

83,857

21,687

21,687

2.1

Total

Collateral

Held

for

Securities

Loaned

8,412

21,687

2.1

Total

Value

$26,898

$33,427

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$23

($23)

$–

$742

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$742

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

123

Total

Affiliated

Income

from

Securities

Loaned,

Net

$123

Total

$23

($23)

$–

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

95

Shares

Common

Stock

(

95.9%

)

Value

Australia

(6.0%)

20,204

ALS,

Ltd.

$

204,550

16,170

Amotiv,

Ltd.

114,835

139,637

AMP,

Ltd.

108,476

1,647

Ampol,

Ltd.

36,077

5,337

Ansell,

Ltd.

95,553

214,724

APA

Group

1,112,948

35,124

Arena

REIT

89,156

51,630

Aristocrat

Leisure,

Ltd.

1,838,755

104,304

Aurizon

Holdings,

Ltd.

254,321

126,354

Australia

and

New

Zealand

Banking

Group,

Ltd.

2,403,889

209,138

BHP

Group,

Ltd.

5,808,793

76,835

BlueScope

Steel,

Ltd.

1,115,732

78,522

Brambles,

Ltd.

800,506

1,238

CAR

Group,

Ltd.

28,313

21,877

Challenger,

Ltd.

100,830

19,218

Charter

Hall

Retail

REIT

43,971

2,710

Cochlear,

Ltd.

612,340

58,979

Coles

Group,

Ltd.

698,999

27,331

Collins

Foods,

Ltd.

164,246

55,739

Commonwealth

Bank

of

Australia

5,022,647

28,631

Computershare,

Ltd.

516,389

22,500

CSL,

Ltd.

4,566,668

91,095

Deterra

Royalties,

Ltd.

238,166

10,542

FleetPartners

Group,

Ltd.

a

23,594

24,063

Fortescue,

Ltd.

299,412

5,394

Goodman

Group

124,526

21,000

GrainCorp,

Ltd.

124,077

26,829

Growthpoint

Properties

Australia,

Ltd.

40,992

9,605

Helia

Group,

Ltd.

25,101

2,429

HUB24,

Ltd.

79,110

70,668

Incitec

Pivot,

Ltd.

136,431

42,064

Independence

Group

NL

154,043

79,841

Inghams

Group,

Ltd.

196,831

265,379

Insurance

Australia

Group,

Ltd.

1,283,878

11,739

IRESS,

Ltd.

a

81,979

26,889

JB

Hi-Fi,

Ltd.

1,227,715

2,885

Jumbo

Interactive,

Ltd.

30,870

328,955

Lottery

Corporation,

Ltd.

1,071,921

3,172

Macquarie

Group,

Ltd.

436,548

124,604

National

Australia

Bank,

Ltd.

3,147,080

8,683

Nick

Scali,

Ltd.

89,478

74,704

Northern

Star

Resources,

Ltd.

693,337

24,184

NRW

Holdings,

Ltd.

52,966

10,447

Orica,

Ltd.

122,929

110,053

Origin

Energy,

Ltd.

755,125

12,059

Orora,

Ltd.

16,135

206,215

Perseus

Mining,

Ltd.

343,592

8,667

PEXA

Group,

Ltd.

a

78,648

3,564

Pinnacle

Investment

Management

Group,

Ltd.

38,477

33,985

Platinum

Asset

Management,

Ltd.

23,790

21,549

Premier

Investments,

Ltd.

468,535

4,000

Pro

Medicus,

Ltd.

377,397

56,419

QBE

Insurance

Group,

Ltd.

665,860

14,608

Regis

Resources,

Ltd.

a

16,118

35,924

Reliance

Worldwide

Corporation,

Ltd.

121,093

8,242

Rio

Tinto,

Ltd.

633,332

32,164

Santos,

Ltd.

167,668

31,432

Stanmore

Resources,

Ltd.

76,536

48,779

Steadfast

Group,

Ltd.

207,061

24,400

Super

Retail

Group,

Ltd.

255,607

47,704

Technology

One,

Ltd.

644,407

Shares

Common

Stock

(95.9%)

Value

Australia

(6.0%)

-

continued

196,072

Telstra

Corporation,

Ltd.

$

506,702

98,998

Ventia

Services

Group

Pty,

Ltd.

285,020

43,718

Viva

Energy

Group,

Ltd.

b

93,257

67,630

Waypoint

REIT,

Ltd.

112,322

58,785

Wesfarmers,

Ltd.

2,837,094

135,568

Westpac

Banking

Corporation

2,649,377

21,725

Whitehaven

Coal,

Ltd.

109,678

4,154

Woodside

Energy

Group,

Ltd.

75,332

14,892

Woolworths,

Ltd.

336,011

9,887

Worley,

Ltd.

98,069

Total

47,411,221

Austria

(<0.1%)

46,708

AMS

AG

a

62,713

3,312

BAWAG

Group

AG

b

241,876

2,394

EVN

AG

78,249

Total

382,838

Belgium

(0.2%)

2,221

Anheuser-Busch

InBev

NV

131,870

4,055

Bekaert

SA

166,039

14,395

Groupe

Bruxelles

Lambert

SA

1,074,287

973

Melexis

NV

84,824

475

Titan

Cement

International

SA

16,907

Total

1,473,927

Bermuda

(0.2%)

134,000

Cafe

de

Coral

Holdings,

Ltd.

138,038

37,600

Jardine

Matheson

Holdings,

Ltd.

1,324,609

10,047

Odfjell

Drilling,

Ltd.

52,506

1,627

Stolt-Nielsen,

Ltd.

63,824

19,000

Yue

Yuen

Industrial

Holdings,

Ltd.

31,016

Total

1,609,993

Brazil

(0.4%)

6,100

B3

SA

-

Brasil

Bolsa

Balcao

11,669

5,374

Banco

Bradesco

SA

ADR

11,930

62,800

Banco

do

Brasil

SA

294,450

8,000

BRF

SA

a

29,886

31,796

Centrais

Eletricas

Brasileiras

SA

ADR

222,890

8,191

Companhia

Energetica

de

Minas

Gerais

ADR

15,563

931

Companhia

Paranaense

de

Energia

-

COPEL

ADR

5,893

21,400

CPFL

Energia

SA

122,812

18,500

Cury

Construtora

e

Incorporadora

SA

72,840

20,336

Gerdau

SA

ADR

65,889

3,300

Intelbras

SA

Industria

de

Telecomunicacao

Eletronica

Brasileira

12,369

55,900

Iochpe-Maxion

SA

124,329

73,186

Itau

Unibanco

Holding

SA

ADR

440,580

5,575

Itausa

SA

9,975

13,605

Jalles

Machado

SA

16,789

25,800

JBS

SA

a

153,811

19,700

Klabin

SA

76,555

79,990

Petroleo

Brasileiro

SA

526,936

15,375

Petroleo

Brasileiro

SA

ADR

219,401

36,100

Telefonica

Brasil

SA

309,229

77,900

TIM

SA/Brazil

239,230

48,638

Vale

SA

ADR

527,722

Total

3,510,748

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

96

Shares

Common

Stock

(95.9%)

Value

Canada

(8.6%)

22,385

Agnico

Eagle

Mines,

Ltd.

$

1,727,211

162,099

Alimentation

Couche-Tard,

Inc.

9,992,573

27,912

ATCO,

Ltd.

865,876

19,976

Bank

of

Montreal

1,684,862

51,415

Bank

of

Nova

Scotia

2,400,844

34,035

Barrick

Gold

Corporation

630,584

23,350

Canadian

Imperial

Bank

of

Commerce

1,207,540

77,510

Canadian

National

Railway

Company

8,972,892

108,244

Canadian

Natural

Resources,

Ltd.

3,843,205

3,057

Canadian

Pacific

Kansas

City,

Ltd.

256,357

61,510

Canadian

Utilities,

Ltd.

1,440,349

12,643

Cenovus

Energy,

Inc.

254,756

3,304

Cogeco

Communications,

Inc.

151,482

1,278

Constellation

Software,

Inc./Canada

4,032,404

3,105

Franco-Nevada

Corporation

400,421

41,102

Hydro

One,

Ltd.

1,288,149

14,820

Laurentian

Bank

of

Canada

287,029

12,032

Loblaw

Companies,

Ltd.

1,483,684

116,925

Manulife

Financial

Corporation

3,114,838

26,472

Metro,

Inc./CN

1,576,451

6,298

National

Bank

of

Canada

526,776

42,423

Royal

Bank

of

Canada

4,740,536

12,899

Russel

Metals,

Inc.

375,016

205,406

Suncor

Energy,

Inc.

8,203,445

6,519

Teck

Resources,

Ltd.

319,496

9,814

Thomson

Reuters

Corporation

1,590,470

15,639

Toromont

Industries,

Ltd.

1,454,422

66,465

Toronto-Dominion

Bank

3,924,884

43,966

TransAlta

Corporation

331,182

8,113

Wheaton

Precious

Metals

Corporation

484,833

Total

67,562,567

Cayman

Islands

(1.2%)

28,500

AAC

Technologies

Holdings,

Inc.

104,324

121,088

Alibaba

Group

Holding,

Ltd.

1,191,533

7,700

ASMPT,

Ltd.

80,508

166,000

China

Feihe,

Ltd.

b

75,180

25,000

China

Medical

System

Holdings,

Ltd.

20,733

201,000

China

Mengniu

Dairy

Company,

Ltd.

336,332

138,500

China

Resources

Land,

Ltd.

413,989

92,000

Consun

Pharmaceutical

Group,

Ltd.

65,877

220,000

Geely

Automobile

Holdings,

Ltd.

c

223,532

27,500

Greentown

China

Holdings,

Ltd.

20,811

6,549

JD.com,

Inc.

86,352

11,086

JOYY,

Inc.

ADR

369,053

11,000

Kingboard

Holdings,

Ltd.

22,436

15,000

Longfor

Group

Holdings,

Ltd.

b

19,487

33,829

Meituan

a,b

468,419

13,000

NetDragon

Websoft

Holdings,

Ltd.

18,245

666

NetEase,

Inc.

ADR

61,345

7,195

PDD

Holdings,

Inc.

ADR

a

927,364

74,000

Seazen

Group,

Ltd.

a

13,247

673,000

Shui

On

Land,

Ltd.

56,853

210,000

Sino

Biopharmaceutical,

Ltd.

75,306

42,500

Stella

International

Holdings,

Ltd.

70,826

45,400

Sunny

Optical

Technology

(Group)

Company,

Ltd.

254,608

69,890

Tencent

Holdings,

Ltd.

3,225,176

Shares

Common

Stock

(95.9%)

Value

Cayman

Islands

(1.2%)

-

continued

1,817

Tencent

Music

Entertainment

Group

ADR

$

25,765

9,902

Trip.com

Group,

Ltd.

ADR

a

421,132

70,000

VSTECS

Holdings,

Ltd.

38,503

332,000

Xiaomi

Corporation

a,b

713,080

82,500

Zhongsheng

Group

Holdings,

Ltd.

128,721

Total

9,528,737

Chile

(0.1%)

713

Banco

de

Chile

ADR

17,055

2,314

Banco

de

Credito

e

Inversiones

SA

67,665

32,305

Cencosud

SA

59,714

508,569

Colbun

SA

66,144

12,298

Embotelladora

Andina

SA

39,301

13,658

Empresas

CMPC

SA

23,724

12,093,920

Latam

Airlines

Group

SA

149,718

35,027

S.A.C.I.

Falabella

a

116,028

Total

539,349

China

(0.9%)

1,279,400

Agricultural

Bank

of

China,

Ltd.

812,168

364,000

Aluminum

Corporation

of

China,

Ltd.,

Class

H

203,761

220,900

Bank

of

China,

Ltd.,

Class

A

142,445

791,000

Bank

of

Communications

Company,

Ltd.,

Class

A

805,431

27,000

Bank

of

Communications

Company,

Ltd.,

Class

H

19,618

32,800

Baoshan

Iron

&

Steel

Company,

Ltd.

30,855

1,189,800

BOE

Technology

Group

Company,

Ltd.

649,640

547,000

CGN

Power

Company,

Ltd.

b

223,378

58,900

China

Construction

Bank

Corporation,

Class

A

60,661

63,000

China

Construction

Bank

Corporation,

Class

H

43,992

1,158,000

China

Tower

Corporation,

Ltd.

b

142,085

80,300

China

United

Network

Communications,

Ltd.

52,252

30,000

CMOC

Group,

Ltd.

23,927

280,500

COSCO

SHIPPING

Holdings

Company,

Ltd.,

Class

H

400,586

499,000

CRRC

Corporation,

Ltd.

309,201

45,900

Foxconn

Industrial

Internet

Company,

Ltd.

154,200

14,800

Fuyao

Glass

Industry

Group

Company,

Ltd.,

Class

H

b

77,288

239,000

Great

Wall

Motor

Company,

Ltd.,

Class

H

326,326

100,700

Gree

Electric

Appliances,

Inc.

of

Zhuhai

557,705

31,700

Guotai

Junan

Securities

Company,

Ltd.

63,060

53,200

Haier

Smart

Home

Company,

Ltd.,

Class

H

173,933

48,200

HLA

Group

Corporation,

Ltd.

43,765

242,800

Huaxia

Bank

Company,

Ltd.

210,953

97,300

Inner

Mongolia

Yili

Industrial

Group

Company,

Ltd.

338,004

139,000

Jiangxi

Copper

Company,

Ltd.,

Class

H

244,354

44,000

Lenovo

Group,

Ltd.

56,989

46,500

Livzon

Pharmaceutical

Group,

Inc.

236,512

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

97

Shares

Common

Stock

(95.9%)

Value

China

(0.9%)

-

continued

363,000

People's

Insurance

Company

(Group)

of

China,

Ltd.

$

122,136

95,700

Poly

Developments

and

Holdings

Group

Company,

Ltd.

116,756

5,000

Shengyi

Technology

Company,

Ltd.

13,529

116,600

Shenwan

Hongyuan

Group

Company,

Ltd.

73,930

9,700

Shenzhou

International

Group

Holdings,

Ltd.

82,115

87,000

Tong

Ren

Tang

Technologies

Company,

Ltd.

55,738

74,400

WuXi

AppTec

Company,

Ltd.,

Class

H

b

304,349

42,400

ZTE

Corporation

94,979

Total

7,266,621

Colombia

(<0.1%)

1,198

Bancolombia

SA

11,102

6,201

Bancolombia

SA

ADR

206,617

Total

217,719

Cyprus

(<0.1%)

9,845

Ros

Agro

plc

GDR

a,d

0

Total

0

Czech

Republic

(<0.1%)

39

Philip

Morris

CR

25,504

Total

25,504

Denmark

(2.4%)

12,065

ALK-Abello

AS

a

271,944

14,490

Carlsberg

AS

1,749,769

1,639

ChemoMetec

AS

90,864

2,098

DFDS

AS

57,546

2,782

H

Lundbeck

AS,

Class

A

14,964

6,703

H

Lundbeck

AS,

Class

B

41,936

1,595

Jyske

Bank

AS

130,029

99,848

Novo

Nordisk

AS

13,229,151

14,896

Pandora

AS

2,334,997

1,251

Per

Aarsleff

Holding

AS

71,572

216

Ringkjoebing

Landbobank

AS

38,231

781

Royal

Unibrew

AS

61,319

7,297

Scandinavian

Tobacco

Group

AS

b

106,882

7,367

Sydbank

AS

397,172

Total

18,596,376

Egypt

(<0.1%)

18,692

Commercial

International

Bank

Egypt

SAE

GDR

30,804

Total

30,804

Finland

(0.5%)

1,888

Cargotec

Oyj

96,236

176,960

Fortum

Oyj

2,721,115

3,333

Kalmar

Oyj

a

98,547

8,424

Kemira

Oyj

190,543

19,767

Kojamo

Oyj

a

195,491

1,925

Konecranes

Oyj

134,468

4,889

Puuilo

Oyj

53,697

9,127

Tokmanni

Group

Corporation

111,717

Total

3,601,814

France

(6.3%)

20,373

Air

Liquide

SA

3,717,232

Shares

Common

Stock

(95.9%)

Value

France

(6.3%)

-

continued

69,938

BNP

Paribas

SA

$

4,791,720

69,041

Compagnie

de

Saint-Gobain

SA

5,922,741

92,778

Compagnie

Generale

des

Etablissements

Michelin

SCA

3,672,980

42,615

Danone

SA

2,768,491

56,705

Dassault

Systemes

SE

2,149,619

34,738

Eiffage

SA

3,457,189

50,820

Engie

SA

798,900

15,085

Groupe

Eurotunnel

SA

268,813

10,966

Ipsos

SA

676,792

1,928

La

Francaise

des

Jeux

SAEM

b

74,804

66,761

Legrand

SA

7,216,546

3,866

LVMH

Moet

Hennessy

Louis

Vuitton

SE

2,726,934

25,326

Schneider

Electric

SE

6,104,465

82,089

Societe

Generale

SA

2,129,143

575

SOITEC

a

74,135

1,119

Sopra

Steria

Group

207,413

11,480

TotalEnergies

SE

774,514

4,901

Valeo

SE

56,005

1,600

Verallia

SA

b

47,065

14,262

Vinci

SA

1,627,552

2,117

Wendel

SA

202,833

Total

49,465,886

Germany

(4.4%)

3,439

Aixtron

SE

80,299

40,473

Allianz

SE

11,399,856

20,219

Bayerische

Motoren

Werke

AG

1,875,297

2,259

Dermapharm

Holding

SE

86,535

29,213

Deutsche

Boerse

AG

5,981,909

947

Gerresheimer

AG

97,908

10,429

Heidelberg

Materials

AG

1,086,486

235

Hornbach

Holding

AG

&

Company

KGaA

19,262

659

Hugo

Boss

AG

26,189

1,452

Jenoptik

AG

41,399

1,951

LEG

Immobilien

SE

170,189

4,113

Merck

KGaA

734,880

1,879

Muenchener

Rueckversicherungs-

Gesellschaft

AG

925,455

2,686

Porsche

Automobil

Holding

SE

120,063

7,546

SAF-Holland

SE

154,369

30,968

SAP

SE

6,547,271

13,549

Scout24

SE

b

1,071,151

14,451

Siemens

AG

2,645,939

1,674

Siltronic

AG

136,522

2,479

SMA

Solar

Technology

AG

66,673

1,547

Stroeer

SE

&

Company

KGaA

104,593

1,414

SUSS

MicroTec

SE

96,020

13,306

TAG

Immobilien

AG

a

200,465

3,991

TeamViewer

SE

a,b

53,827

756

VIB

Vermoegen

AG

a

6,676

20,486

Vonovia

SE

628,106

Total

34,357,339

Greece

(<0.1%)

3,063

Hellenic

Telecommunications

Organization

SA

50,324

9,945

HELLENiQ

ENERGY

Holdings

SA

79,655

2,429

OPAP

SA

42,350

Total

172,329

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

98

Shares

Common

Stock

(95.9%)

Value

Hong

Kong

(1.2%)

14,500

BYD

Electronic

International

Company,

Ltd.

$

56,432

180,500

China

Overseas

Land

&

Investment,

Ltd.

291,803

133,000

CK

Hutchison

Holdings,

Ltd.

694,807

107,000

CLP

Holdings,

Ltd.

918,341

310,960

CSPC

Pharmaceutical

Group,

Ltd.

231,306

9,000

Hang

Lung

Group,

Ltd.

9,863

111,000

Henderson

Land

Development

Company,

Ltd.

311,779

90,200

Hong

Kong

Exchanges

&

Clearing,

Ltd.

2,660,633

10,000

Luk

Fook

Holdings

International,

Ltd.

19,668

30,400

Man

Wah

Holdings,

Ltd.

17,930

117,000

Sun

Hung

Kai

Properties,

Ltd.

1,013,047

25,000

Swire

Pacific,

Ltd.

215,669

170,000

Techtronic

Industries

Company,

Ltd.

2,177,138

202,000

United

Laboratories

International

Holdings,

Ltd.

232,052

17,600

VTech

Holdings,

Ltd.

115,792

149,000

Weichai

Power

Company,

Ltd.,

Class

H

238,467

14,000

Yuexiu

Property

Company,

Ltd.

8,948

Total

9,213,675

Hungary

(0.1%)

28,449

MOL

Hungarian

Oil

&

Gas

plc

221,746

5,148

OTP

Bank

Nyrt

263,895

1,133

Richter

Gedeon

Nyrt

32,300

Total

517,941

India

(2.0%)

596

ABB

India,

Ltd.

56,326

866

Apar

Industries,

Ltd.

95,571

2,777

Avenue

Supermarts,

Ltd.

a,b

163,849

46,109

Axis

Bank,

Ltd.

644,111

7,977

Bajaj

Auto,

Ltd.

921,625

47,118

Bank

of

Baroda

143,032

17,339

Bharat

Petroleum

Corporation,

Ltd.

72,728

259

Bosch,

Ltd.

108,322

1,853

Brigade

Enterprises,

Ltd.

27,924

14,376

Chambal

Fertilisers

and

Chemicals,

Ltd.

89,203

1,138

Chennai

Petroleum

Corporation,

Ltd.

13,588

37,852

Cipla,

Ltd.

a

699,429

93,274

Coal

India,

Ltd.

583,419

551

CRISIL,

Ltd.

28,876

3,930

Cummins

India,

Ltd.

181,202

2,458

Dixon

Technologies

India,

Ltd.

356,510

11,597

HCL

Technologies,

Ltd.

228,193

16,549

HDFC

Asset

Management

Company,

Ltd.

b

814,377

14,003

Hero

MotoCorp,

Ltd.

919,965

63,245

Hindalco

Industries,

Ltd.

507,321

3,893

Hindustan

Aeronautics,

Ltd.

229,423

42,462

ICICI

Bank,

Ltd.

ADR

1,236,069

2,501

Info

Edge

India,

Ltd.

210,318

13,611

Infosys,

Ltd.

ADR

301,211

25,822

Jindal

Saw,

Ltd.

200,448

9,690

JK

Tyre

&

Industries,

Ltd.

51,655

774

KEI

Industries,

Ltd.

40,153

7,477

Kotak

Mahindra

Bank,

Ltd.

161,981

Shares

Common

Stock

(95.9%)

Value

India

(2.0%)

-

continued

9,533

KPIT

Technologies,

Ltd.

$

210,416

3,464

Mahindra

&

Mahindra,

Ltd.

120,584

2,079

Maruti

Suzuki

India,

Ltd.

326,202

9,528

NCC,

Ltd./India

40,924

1,508

Netweb

Technologies

India,

Ltd.

a

41,810

7,167

Nippon

Life

India

Asset

Management,

Ltd.

b

55,333

209,414

Oil

&

Natural

Gas

Corporation,

Ltd.

836,604

2,932

PB

Fintech,

Ltd.

a

51,007

5,067

Persistent

Systems,

Ltd.

293,191

464

Phoenix

Mills,

Ltd.

19,968

4,028

Pidilite

Industries,

Ltd.

153,386

23,893

Power

Finance

Corporation,

Ltd.

159,489

35,670

REC,

Ltd.

275,540

13,212

Reliance

Industries,

Ltd.

476,325

95,640

State

Bank

of

India

999,890

23,175

Tata

Consultancy

Services,

Ltd.

1,216,935

26,601

Tata

Motors,

Ltd.

368,411

1,909

Tata

Motors,

Ltd.,

Class

A

18,143

2,346

Tech

Mahindra,

Ltd.

43,700

7,920

Trent,

Ltd.

553,517

2,666

UltraTech

Cement,

Ltd.

379,059

6,523

United

Spirits,

Ltd.

110,339

7,134

Welspun

Living,

Ltd.

15,679

Total

15,853,281

Indonesia

(0.1%)

1,721,900

Bank

Central

Asia

Tbk

PT

1,088,101

Total

1,088,101

Ireland

(0.5%)

48,162

CRH

plc

4,096,505

Total

4,096,505

Israel

(0.9%)

53,737

Amot

Investments,

Ltd.

217,808

920

Azrieli

Group,

Ltd.

56,467

100,076

Bank

Leumi

Le-Israel

BM

862,404

769

Camtek,

Ltd./Israel

77,194

20,247

Check

Point

Software

Technologies,

Ltd.

a

3,714,312

876

First

International

Bank

of

Israel,

Ltd.

35,319

681

Hilan,

Ltd.

36,607

1,127

Israel

Corporation,

Ltd.

236,601

181

Isras

Holdings,

Ltd.

a

14,050

3,222

Magic

Software

Enterprises,

Ltd.

34,161

4,040

Mivne

Real

Estate

(KD),

Ltd.

9,318

2,222

Nova,

Ltd.

a

446,471

185,379

Oil

Refineries,

Ltd.

44,576

4,494

One

Software

Technologies,

Ltd.

56,239

36,405

Plus500,

Ltd.

1,097,935

Total

6,939,462

Italy

(3.1%)

19,419

ACEA

SPA

336,910

44,434

Anima

Holding

SPA

b

233,657

12,051

Arnoldo

Mondadori

Editore

SPA

34,105

33,734

Azimut

Holding

SPA

845,234

1,277

Banca

Generali

SPA

55,571

9,030

Banca

IFIS

SPA

211,984

227,472

Banca

Mediolanum

SPA

2,685,606

209,775

Banca

Monte

dei

Paschi

di

Siena

SPA

1,144,715

13,075

Banca

Popolare

di

Sondrio

SPA

99,646

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

99

Shares

Common

Stock

(95.9%)

Value

Italy

(3.1%)

-

continued

109,060

BPER

Banca

SPA

$

638,115

2,053

Brunello

Cucinelli

SPA

191,765

10,110

Buzzi

SPA

396,353

783,356

Enel

SPA

5,592,523

2,765

Eni

SPA

44,240

715,655

Intesa

Sanpaolo

SPA

2,906,159

38,148

Iren

SPA

77,625

416,458

Italgas

SPA

2,226,873

1,182

Moncler

SPA

70,478

58,771

OVS

SPA

b

166,257

57,408

Pirelli

&

C.

SPA

b

359,391

106,358

Recordati

SPA

5,790,478

357

Reply

SPA

50,675

Total

24,158,360

Japan

(19.0%)

41,500

Advantest

Corporation

1,836,847

4,700

Ain

Holdings,

Inc.

180,698

500

Aisin

Corporation

16,868

3,900

Amada

Company,

Ltd.

45,801

1,800

Amvis

Holdings,

Inc.

31,339

1,600

Anycolor,

Inc.

a

27,155

10,100

Aozora

Bank,

Ltd.

167,908

16,000

Arcs

Company,

Ltd.

290,703

5,700

Artience

Company,

Ltd.

120,533

94,300

Astellas

Pharma,

Inc.

1,093,687

3,400

BayCurrent

Consulting,

Inc.

104,668

1,100

Bengo4.com,

Inc.

a

26,750

2,200

BIPROGY,

Inc.

72,091

2,700

BML,

Inc.

53,864

200

C.

Uyemura

&

Company,

Ltd.

14,351

7,900

Canon,

Inc.

247,283

6,300

Central

Glass

Company,

Ltd.

157,968

2,200

Chiba

Bank,

Ltd.

20,608

4,400

Chudenko

Corporation

102,713

10,200

Chugin

Financial

Group,

Inc.

113,632

5,700

Chugoku

Electric

Power

Company,

Inc.

41,454

28,800

COMSYS

Holdings

Corporation

620,012

4,100

Cover

Corporation

a

53,647

93

CRE

Logistics

REIT,

Inc.

89,656

300

Daihen

Corporation

14,722

31,600

Daiichi

Sankyo

Company,

Ltd.

1,286,995

4,500

Daikin

Industries,

Ltd.

652,530

1,100

Daito

Trust

Construction

Company,

Ltd.

132,286

52,500

Daiwa

House

Industry

Company,

Ltd.

1,486,715

88

Daiwa

House

REIT

Investment

Corporation

141,620

260,400

Daiwa

Securities

Group,

Inc.

2,149,889

4,200

DISCO

Corporation

1,404,467

16,700

Doutor

Nichires

Holdings

Company,

Ltd.

259,174

7,700

DTS

Corporation

222,598

4,500

Elan

Corporation

27,586

496,200

Eneos

Holdings,

Inc.

2,599,861

1,300

Fast

Retailing

Company,

Ltd.

358,344

4,400

Ferrotec

Holdings

Corporation

72,960

14,600

Fuji

Media

Holdings,

Inc.

183,005

4,800

Fuji

Soft,

Inc.

229,969

79,100

FUJIFILM

Holdings

NPV

1,880,676

1,500

Fuyo

General

Lease

Company,

Ltd.

122,600

7,700

Glory,

Ltd.

139,980

900

Godo

Steel,

Ltd.

29,258

Shares

Common

Stock

(95.9%)

Value

Japan

(19.0%)

-

continued

4,200

Gree,

Inc.

$

14,850

1,100

Gunze,

Ltd.

40,845

2,700

Hanwa

Company,

Ltd.

104,362

15,700

Haseko

Corporation

195,928

32,700

Heiwa

Corporation

469,130

19,000

Hino

Motors,

Ltd.

a

61,382

7,000

HIS

Company,

Ltd.

a

80,746

102,000

Hitachi,

Ltd.

2,203,882

303,300

Honda

Motor

Company,

Ltd.

3,240,632

26,700

Hoya

Corporation

3,345,532

29,900

Hulic

Company,

Ltd.

291,857

10,100

Hyakugo

Bank,

Ltd.

45,221

4,300

Iida

Group

Holdings

Company,

Ltd.

64,636

49,700

Inaba

Denki

Sangyo

Company,

Ltd.

1,303,066

21,900

INFRONEER

Holdings,

Inc.

189,907

700

Internet

Initiative

Japan,

Inc.

11,838

20,300

ITOCHU

Corporation

1,041,054

1,900

Iwatani

Corporation

120,576

3,500

JAC

Recruitment

Company,

Ltd.

16,879

3,900

JAFCO

Group

Company,

Ltd.

49,364

2,700

Japan

Elevator

Service

Holdings

Company,

Ltd.

49,824

121

Japan

Metropolitan

Fund

Investment

Corporation

75,552

360,900

Japan

Post

Holdings

Company,

Ltd.

3,822,100

2,500

Japan

Post

Insurance

Company,

Ltd.

51,469

3,200

JEOL,

Ltd.

128,840

9,300

JGC

Corporation

78,982

1,800

J-Oil

Mills,

Inc.

25,109

3,100

Juroku

Financial

Group,

Inc.

99,478

3,000

JVCKENWOOD

Corporation

18,380

10,100

Kajima

Corporation

195,167

4,100

Kakaku.com,

Inc.

57,316

11,600

Kamigumi

Company,

Ltd.

264,548

900

Kasumigaseki

Capital

Company,

Ltd.

77,748

165,500

KDDI

Corporation

4,979,897

65

KDX

Realty

Investment

Corporation

67,013

700

KeePer

Technical

Laboratory

Company,

Ltd.

16,944

15,300

Keiyo

Bank,

Ltd.

86,102

4,900

Keyence

Corporation

2,142,576

9,100

Koei

Tecmo

Holdings

Company,

Ltd.

88,934

4,400

Kokuyo

Company,

Ltd.

73,832

38,200

Komatsu,

Ltd.

1,085,933

3,100

KOMEDA

Holdings

Company,

Ltd.

55,576

9,300

Kumagai

Gumi

Company,

Ltd.

222,897

900

Kuraray

Company,

Ltd.

11,006

600

Kurita

Water

Industries,

Ltd.

25,607

209,100

Kyocera

Corporation

2,633,608

50,400

Kyoei

Steel,

Ltd.

670,793

2,300

Kyushu

Financial

Group,

Inc.

14,167

9,300

Lasertec

Corporation

1,650,129

800

Lintec

Corporation

17,987

12,100

LIXIL

Corporation

140,072

2,300

M&A

Research

Institute

Holdings,

Inc.

a

46,329

9,700

Mandom

Corporation

82,196

1,600

Maruichi

Steel

Tube,

Ltd.

38,991

100

Maruwa

Company,

Ltd./Aichi

26,792

9,400

Mazda

Motor

Corporation

81,079

1,100

McDonald's

Holdings

Company

(Japan),

Ltd.

45,572

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

100

Shares

Common

Stock

(95.9%)

Value

Japan

(19.0%)

-

continued

6,300

Mebuki

Financial

Group,

Inc.

$

26,223

20,200

Medipal

Holdings

Corporation

364,616

3,400

MegaChips

Corporation

95,290

24,000

MEITEC

Group

Holdings,

Inc.

541,922

6,500

Menicon

Company,

Ltd.

60,787

400

Micronics

Japan

Company,

Ltd.

15,894

1,200

MIRAIT

ONE

Corporation

17,054

114,600

Mitsubishi

Chemical

Group

Corporation

676,856

138,300

Mitsubishi

Corporation

2,856,179

2

Mitsubishi

Estate

Logistics

REIT

Investment

Corporation

5,042

186,000

Mitsubishi

HC

Capital,

Inc.

1,338,162

35,800

Mitsubishi

Heavy

Industries,

Ltd.

429,102

1,400

Mitsubishi

Logistics

Corporation

48,970

1,200

Mitsubishi

Materials

Corporation

22,484

6,900

Mitsubishi

Shokuhin

Company,

Ltd.

243,467

366,400

Mitsubishi

UFJ

Financial

Group,

Inc.

4,232,049

46,400

Mitsui

&

Company,

Ltd.

1,076,660

6,400

Mixi,

Inc.

127,018

177,700

Mizuho

Financial

Group,

Inc.

4,062,248

2,400

MOS

Food

Services,

Inc.

56,590

85,000

MS

and

AD

Insurance

Group

Holdings,

Inc.

2,003,837

70,400

Murata

Manufacturing

Company,

Ltd.

1,566,258

2,900

Nanto

Bank,

Ltd.

67,672

6,800

NEC

Corporation

588,572

8,900

NEC

Networks

&

System

Integration

Corporation

163,916

6,100

Net

One

Systems

Company,

Ltd.

123,258

1,800

Nextage

Company,

Ltd.

24,507

900

Nifco,

Inc./Japan

22,820

5,500

Nikkon

Holdings

Company,

Ltd.

138,721

19,900

Nikon

Corporation

228,564

47,400

Nintendo

Company,

Ltd.

2,619,249

9,000

Nippon

Electric

Glass

Company,

Ltd.

214,757

2,400

Nippon

Express

Holdings,

Inc.

118,754

4,053,200

Nippon

Telegraph

and

Telephone

Corporation

4,319,549

3,600

Nippon

Television

Holdings,

Inc.

57,658

16,700

Nipro

Corporation

145,830

10,900

Nishimatsu

Construction

Company,

Ltd.

355,269

4,300

Nisshin

Oillio

Group,

Ltd.

148,387

23,600

Nitto

Kogyo

Corporation

536,578

7,100

NOK

Corporation

103,780

146,900

Nomura

Holdings,

Inc.

905,728

20,900

Nomura

Real

Estate

Holdings,

Inc.

584,254

12,000

Nomura

Research

Institute,

Ltd.

370,461

600

Noritsu

Koki

Company,

Ltd.

16,226

17,500

NSD

Company,

Ltd.

360,246

3,300

NSK,

Ltd.

17,302

40,100

NTN

Corporation

81,120

24,100

NTT

Data

Group

Corporation

375,343

4,800

Obayashi

Corporation

63,021

2,100

OBIC

Business

Consultants

Company,

Ltd.

88,878

1,300

Ogaki

Kyoritsu

Bank,

Ltd.

20,112

4,800

Ohsho

Food

Service

Corporation

293,601

6,200

Okamura

Corporation

91,217

900

Okinawa

Cellular

Telephone

Company

24,201

Shares

Common

Stock

(95.9%)

Value

Japan

(19.0%)

-

continued

8,900

Okinawa

Electric

Power

Company,

Inc.

$

65,716

7,200

Okumura

Corporation

245,840

12,000

Ono

Pharmaceutical

Company,

Ltd.

177,028

38,600

Oriental

Land

Company,

Ltd.

1,105,100

58,500

ORIX

Corporation

1,415,095

8,200

Otsuka

Corporation

181,776

9,600

Otsuka

Holdings

Company,

Ltd.

489,296

41,000

Persol

Holdings

Company,

Ltd.

70,319

5,700

Plus

Alpha

Consulting

Company,

Ltd.

73,051

5,000

Raito

Kogyo

Company,

Ltd.

72,545

1,400

RAIZNEXT

Corporation

17,202

17,300

Rakus

Company,

Ltd.

242,381

39,716

Recruit

Holdings

Company,

Ltd.

2,277,446

125,700

Renesas

Electronics

Corporation

2,165,041

3,900

Resona

Holdings,

Inc.

27,967

2,700

Resorttrust,

Inc.

45,575

800

Restar

Corporation

15,772

1,800

Retail

Partners

Company,

Ltd.

20,182

67,200

Rohm

Company,

Ltd.

916,221

4,700

Rorze

Corporation

764,393

20,100

Sankyo

Company,

Ltd.

223,190

8,700

Sankyu,

Inc.

297,173

7,900

Santen

Pharmaceutical

Company,

Ltd.

94,809

9,000

Sanyo

Chemical

Industries,

Ltd.

246,685

2,200

Sato

Holdings

Corporation

31,702

1,500

SBI

Holdings,

Inc.

38,990

2,700

SBI

Sumishin

Net

Bank,

Ltd.

51,596

13,500

SCREEN

Holdings

Company,

Ltd.

1,143,987

39,300

Secom

Company,

Ltd.

2,509,413

4,600

Sega

Sammy

Holdings,

Inc.

74,492

17,600

Sekisui

Chemical

Company,

Ltd.

265,549

144,800

Sekisui

House,

Ltd.

3,628,159

53,800

Seven

&

I

Holdings

Company,

Ltd.

644,242

2,500

SHIFT,

Inc.

a

192,043

75,000

Shin-Etsu

Chemical

Company,

Ltd.

3,332,301

7,500

ShinMaywa

Industries,

Ltd.

73,778

8,000

Ship

Healthcare

Holdings,

Inc.

122,117

6,100

Siix

Corporation

50,828

27,900

SKY

Perfect

JSAT

Holdings,

Inc.

164,154

200

SMC

Corporation

97,313

2,500

Socionext,

Inc.

50,484

18,300

SoftBank

Group

Corporation

1,118,357

22,000

Sohgo

Security

Services

Company,

Ltd.

140,719

18,300

Sojitz

Corporation

432,851

53,000

Sompo

Holdings,

Inc.

1,208,502

61,300

Sony

Group

Corporation

5,444,583

286

Star

Asia

Investment

Corporation

107,971

3,900

Starts

Corporation,

Inc.

89,960

500

Strike

Company,

Ltd.

13,504

64,500

Sumitomo

Corporation

1,602,666

19,700

Sumitomo

Dainippon

Pharma

Company,

Ltd.

a

54,616

27,400

Sumitomo

Mitsui

Financial

Group,

Inc.

1,978,634

58,300

Sumitomo

Mitsui

Trust

Holdings,

Inc.

1,473,640

3,100

Sumitomo

Realty

&

Development

Company,

Ltd.

102,464

2,000

Sumitomo

Rubber

Industries,

Ltd.

20,839

500

Suzuken

Company,

Ltd./Aichi

Japan

18,222

76,500

Systena

Corporation

172,186

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

101

Shares

Common

Stock

(95.9%)

Value

Japan

(19.0%)

-

continued

1,100

Taiheiyo

Cement

Corporation

$

30,044

19,000

Taiyo

Holdings

Company,

Ltd.

454,080

9,100

Takamatsu

Construction

Group

Company,

Ltd.

189,990

4,900

Takara

Standard

Company,

Ltd.

56,542

900

Takasago

Thermal

Engineering

Company,

Ltd.

35,445

1,400

Takashimaya

Company,

Ltd.

25,925

169,000

Takeda

Pharmaceutical

Company,

Ltd.

4,744,555

31,800

Terumo

Corporation

570,122

1,300

T-Gaia

Corporation

33,668

2,400

THK

Company,

Ltd.

45,312

9,100

TIS,

Inc.

194,935

43,200

Toagosei

Company,

Ltd.

462,796

15,400

Toho

Holdings

Company,

Ltd.

447,808

20,100

Tohoku

Electric

Power

Company,

Inc.

170,904

3,000

Tokai

Corporation/Gifu

44,770

24,700

Tokio

Marine

Holdings,

Inc.

969,059

22,400

Tokyo

Electron,

Ltd.

4,687,144

2,100

Tokyo

Seimitsu

Company,

Ltd.

144,756

2,700

Tokyotokeiba

Company,

Ltd.

75,679

7,400

Tokyu

Construction

Company,

Ltd.

38,912

22,200

Tokyu

Fudosan

Holdings

Corporation

160,290

116,100

TOPPAN

Holdings,

Inc.

3,284,022

800

Torii

Pharmaceutical

Company,

Ltd.

19,949

9,200

Tosoh

Corporation

125,150

6,800

Totetsu

Kogyo

Company,

Ltd.

147,353

1,600

Toyo

Suisan

Kaisha,

Ltd.

107,434

13,300

Toyota

Industries

Corporation

1,118,132

312,900

Toyota

Motor

Corporation

6,011,046

5,900

Transcosmos,

Inc.

135,842

3,700

TRE

Holdings

Corporation

32,301

20,600

Tsubakimoto

Chain

Company

890,853

200

Tsuruha

Holdings,

Inc.

12,391

75,900

TV

Asahi

Holdings

Corporation

1,057,782

11,200

UBE

Corporation

200,116

300

ULVAC,

Inc.

18,383

2,500

U-Next

Holdings

Company,

Ltd.

86,097

9,900

USS

Company,

Ltd.

89,293

3,100

UT

Group

Company,

Ltd.

67,151

4,200

Valor

Holdings

Company,

Ltd.

71,435

7,000

ValueCommerce

Company,

Ltd.

55,007

1,600

WDB

Holdings

Company,

Ltd.

19,569

123,600

Yamada

Holdings

Company,

Ltd.

375,008

5,500

Yokogawa

Bridge

Holdings

Corporation

99,532

11,200

Yuasa

Trading

Company,

Ltd.

417,848

1,100

Zeria

Pharmaceutical

Company,

Ltd.

16,067

Total

149,943,124

Jersey

(0.8%)

68,663

Experian

plc

3,239,508

289,673

Glencore

plc

1,607,344

346,686

Man

Group

plc

1,091,462

95,087

TP

ICAP

Group

plc

270,759

Total

6,209,073

Kuwait

(<0.1%)

13,078

HumanSoft

Holding

Company

KSCC

112,819

29,093

Kuwait

Finance

House

KSCP

70,162

Shares

Common

Stock

(95.9%)

Value

Kuwait

(<0.1%)

-

continued

24,537

Mobile

Telecommunications

Company

KSCP

$

36,628

26,870

National

Bank

of

Kuwait

KSC

79,671

19,100

National

Industries

Group

Holding

14,070

Total

313,350

Luxembourg

(<0.1%)

38,453

B&M

European

Value

Retail

SA

231,562

9,030

Grand

City

Properties

SA

a

106,446

Total

338,008

Malaysia

(0.1%)

42,200

Hong

Leong

Bank

Bhd

177,185

4,500

Petronas

Dagangan

Bhd

17,375

42,800

QL

Resources

Bhd

62,283

53,107

Sports

Toto

Bhd

19,092

12,800

Ta

Ann

Holdings

Bhd

11,177

436,800

YTL

Corporation

Bhd

324,874

Total

611,986

Mexico

(0.1%)

1,395

America

Movil

SAB

de

CV

ADR

23,324

18,189

Cemex

SAB

de

CV

ADR

116,773

3,852

Coca-Cola

FEMSA

SAB

de

CV

ADR

348,337

664

Fomento

Economico

Mexicano

SAB

de

CV

ADR

73,206

13,730

Grupo

Financiero

Banorte

SAB

de

CV

ADR

103,106

27,400

Grupo

Mexico

SAB

de

CV

154,097

34,700

Megacable

Holdings

SAB

de

CV

81,167

8,900

Wal-Mart

de

Mexico

SAB

de

CV

29,617

Total

929,627

Netherlands

(4.5%)

1,222

Aalberts

NV

46,727

4,547

ASM

International

NV

3,128,436

16,607

ASML

Holding

NV

15,463,979

7,192

Cementir

Holding

NV

81,108

3,662

EXOR

NV

375,401

7,737

Ferrari

NV

3,184,341

165,001

Koninklijke

Ahold

Delhaize

NV

5,315,546

18,071

Koninklijke

Vopak

NV

807,289

278,425

MFE-MediaForEurope

NV

948,526

3,882

NEPI

Rockcastle

NV

29,355

182,390

Stellantis

NV

3,039,364

20,013

Wolters

Kluwer

NV

3,350,367

Total

35,770,439

New

Zealand

(0.1%)

59,251

Contact

Energy,

Ltd.

299,737

9,229

Infratil,

Ltd.

59,290

1,844

Xero,

Ltd.

a

168,020

Total

527,047

Norway

(0.6%)

50,058

Aker

Solutions

ASA

238,834

178,492

DNB

Bank

ASA

3,687,655

26,669

Europris

ASA

b

159,125

600

Veidekke

ASA

6,709

10,195

Yara

International

ASA

290,418

Total

4,382,741

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

102

Shares

Common

Stock

(95.9%)

Value

Philippines

(<0.1%)

20,130

Bank

of

the

Philippine

Islands

$

41,829

Total

41,829

Poland

(0.2%)

10,394

Asseco

Poland

SA

220,303

2,009

Bank

Polska

Kasa

Opieki

SA

81,387

796

Budimex

SA

128,101

2,754

KGHM

Polska

Miedz

SA

94,674

8,323

Orlen

SA

135,715

20,455

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

303,991

30,282

Powszechny

Zaklad

Ubezpieczen

SA

370,837

Total

1,335,008

Portugal

(<0.1%)

50,489

CTT-Correios

de

Portugal

SA

228,167

56,496

REN

-

Redes

Energeticas

Nacionais

SGPS

SA

143,274

1,223

Semapa-Sociedade

de

Investimento

e

Gestao,

SGPS

SA

19,790

Total

391,231

Qatar

(<0.1%)

106,136

Commercial

Bank

PSQC

121,819

9,983

Gulf

Warehousing

Company

8,955

71,954

Masraf

Al

Rayan

QSC

46,031

6,938

Qatar

National

Bank

QPSC

29,099

Total

205,904

Russian

Federation

(<0.1%)

89,225

Gazprom

PJSC

ADR

a,d

9

7,840

GMK

Norilskiy

Nickel

PAO

ADR

a,d

1

3,228

LUKOIL

PJSC

d,e

0

3,189

Mechel

PJSC

ADR

a,d

0

234

Novatek

PJSC

GDR

a,d

0

361

Polyus

PJSC

a,d

0

1

Polyus

PJSC

GDR

a,d

0

174,130

Sberbank

of

Russia

PJSC

d,e

0

9,280

Sovcomflot

OAO

d,e

0

404,300

Surgutneftegas

PJSC

d,e

0

35,587

Surgutneftegas

PJSC

ADR

a,d

4

Total

14

Saudi

Arabia

(0.3%)

27,431

Al

Rajhi

Bank

625,449

284

Al

Rajhi

Company

for

Co-operative

Insurance

a

16,527

72,037

Arab

National

Bank

412,033

3,633

Dr.

Sulaiman

Al

Habib

Medical

Services

Group

Company

278,873

1,818

Eastern

Province

Cement

Company

15,724

923

Jarir

Marketing

Company

3,195

9,031

Maharah

Human

Resources

Company

17,157

203

Mouwasat

Medical

Services

Company

6,532

496

SAL

Saudi

Logistics

Services

41,565

11,590

Saudi

Arabian

Oil

Company

b

85,266

1,034

Saudi

Aramco

Base

Oil

Company

35,855

2,823

Saudi

Basic

Industries

Corporation

59,291

36,058

Saudi

National

Bank

364,343

Shares

Common

Stock

(95.9%)

Value

Saudi

Arabia

(0.3%)

-

continued

18,646

Saudi

Telecom

Company

$

191,530

Total

2,153,340

Singapore

(1.3%)

577,300

CapitaLand

Integrated

Commercial

Trust

901,764

873,300

ComfortDelGro

Corporation,

Ltd.

916,194

268,760

DBS

Group

Holdings,

Ltd.

7,364,947

6,469

Kenon

Holdings,

Ltd.

164,180

11,100

United

Overseas

Land,

Ltd.

44,848

279,500

Yangzijiang

Shipbuilding

Holdings,

Ltd.

563,545

156,800

Yanlord

Land

Group,

Ltd.

a

52,787

Total

10,008,265

South

Africa

(0.2%)

1,582

Absa

Group,

Ltd.

13,881

29,706

AECI,

Ltd.

172,727

9,307

Aspen

Pharmacare

Holdings,

Ltd.

128,706

3,048

Barloworld,

Ltd.

15,556

4,336

Coronation

Fund

Managers,

Ltd.

8,902

31,456

DataTec,

Ltd.

61,717

3,508

Exxaro

Resources,

Ltd.

37,585

19,747

FirstRand,

Ltd.

88,731

2,879

Gold

Fields,

Ltd.

ADR

49,404

10,841

Harmony

Gold

Mining

Company,

Ltd.

ADR

105,374

6,701

Kumba

Iron

Ore,

Ltd.

146,177

10,477

Mr

Price

Group,

Ltd.

124,430

1,179

Naspers,

Ltd.

228,013

7,968

Sasol,

Ltd.

64,611

22,356

Standard

Bank

Group

272,477

4,762

Super

Group,

Ltd.

7,959

Total

1,526,250

South

Korea

(0.8%)

1,114

Caregen

Company,

Ltd.

18,426

231

Celltrion,

Inc.

34,580

884

CJ

Corporation

85,792

3,063

Green

Cross

Holdings

Corporation

34,063

9,968

GS

Holdings

Corporation

356,847

626

Hanmi

Pharm

Company,

Ltd.

132,290

8,511

Hanon

Systems

27,684

2,095

HD

Hyundai

Company,

Ltd.

128,384

1,153

Hyundai

Motor

Company

210,134

9,801

KT

Corporation

285,419

5,562

KT&G

Corporation

379,172

167

LG

Chem,

Ltd.

37,556

3,297

LG

Uplus

Corporation

24,114

986

Lotte

Shopping

Company,

Ltd.

44,545

1,509

NAVER

Corporation

192,462

332

Samsung

Biologics

Company,

Ltd.

a,b

227,782

2,952

Samsung

C&T

Corporation

336,239

40,202

Samsung

Electronics

Company,

Ltd.

2,478,946

5,215

SD

Biosensor,

Inc.

a

36,625

2,651

SK

Hynix,

Inc.

380,216

930

SK,

Inc.

102,001

7,836

Yuhan

Corporation

539,900

Total

6,093,177

Spain

(2.3%)

99,538

Acerinox

SA

1,045,896

6,914

Aena

SME

SA

b

1,313,652

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

103

Shares

Common

Stock

(95.9%)

Value

Spain

(2.3%)

-

continued

30,313

Amadeus

IT

Holding

SA

$

1,996,443

524,176

Banco

Bilbao

Vizcaya

Argentaria

SA

5,494,008

711,511

Banco

Santander

SA

3,432,440

54,299

Compania

de

Distribucion

Integral

Logista

Holdings

SA

1,608,022

34,669

Industria

de

Diseno

Textil

SA

1,684,529

7,971

Laboratorios

Farmaceuticos

ROVI

SA

766,925

4,443

Let's

GOWEX

SA

a,d,f

1

5,474

Melia

Hotels

International

SA

41,914

25,951

Merlin

Properties

Socimi

SA

296,358

14,368

Redeia

Corporacion

SA

255,102

4,397

Repsol

SA

62,714

9,728

Unicaja

Banco

SA

b

13,094

1,084

Vidrala

SA

112,815

Total

18,123,913

Sweden

(3.7%)

12,252

AAK

AB

352,577

41,419

AB

Industrivarden,

Class

A

1,420,845

23,771

AcadeMedia

AB

b

122,304

4,558

AddLife

AB

66,829

11,951

Addtech

AB

385,645

9,158

Alfa

Laval

AB

404,931

37,826

Arjo

AB

146,600

199,715

Assa

Abloy

AB

6,082,182

276,704

Atlas

Copco

AB,

Class

A

4,924,683

21,741

Atlas

Copco

AB,

Class

B

340,158

21,547

Attendo

AB

b

94,162

17,723

Betsson

AB

210,955

6,947

BioGaia

AB

82,708

9,782

Biotage

AB

183,415

293

Bravida

Holding

AB

b

2,372

2,126

Catena

AB

108,231

7,041

Cibus

Nordic

Real

Estate

AB

publ

109,977

62,718

Corem

Property

Group

AB

56,008

10,571

Dios

Fastigheter

AB

84,850

16,287

Evolution

Gaming

Group

AB

b

1,577,710

136,814

Granges

AB

1,670,211

2,353

Hemnet

Group

AB

86,964

24,790

Hexatronic

Group

AB

a

146,540

89,822

Hexpol

AB

1,004,566

139,199

Investor

AB,

Class

B

3,951,878

14,499

Inwido

AB

239,289

7,035

Lindab

International

AB

174,051

17,913

NCC

AB

276,572

16,158

Nyfosa

AB

165,368

2,505

Pandox

AB

46,471

4,540

Platzer

Fastigheter

Holding

AB

41,528

1,386

Sdiptech

AB

a

42,442

989

SKF

AB

18,386

180,746

SSAB

AB,

Class

A

932,504

114,864

Svenska

Handelsbanken

AB

1,159,422

8,316

Svolder

AB

49,430

1,832

Sweco

AB

29,608

28,101

Swedbank

AB

597,538

50,611

Trelleborg

AB

1,880,836

13,091

Wihlborgs

Fastigheter

AB

132,599

Total

29,403,345

Switzerland

(9.2%)

180,330

ABB,

Ltd.

10,009,511

384

Belimo

Holding

AG

232,789

Shares

Common

Stock

(95.9%)

Value

Switzerland

(9.2%)

-

continued

461

Burckhardt

Compression

Holding

AG

$

321,202

527

DKSH

Holding

AG

41,307

1,236

Flughafen

Zurich

AG

286,052

1,241

Galenica

AG

b

107,940

1,100

Givaudan

SA

5,396,662

94,559

Holcim

AG

8,836,577

139

INFICON

Holding

AG

207,259

40

Lindt

&

Spruengli

AG

501,344

40,664

Nestle

SA

4,118,965

164,606

Novartis

AG

18,374,614

14,216

PSP

Swiss

Property

AG

1,899,699

18,869

Roche

Holding

AG,

Participation

Certificates

6,109,020

1,086

Siegfried

Holding

AG

1,265,791

15,077

Sonova

Holding

AG

4,621,643

804

Swiss

Prime

Site

AG

80,577

940

Tecan

Group

AG

351,011

177,679

UBS

Group

AG

5,383,793

7,192

Zurich

Insurance

Group

AG

3,953,948

Total

72,099,704

Taiwan

(1.9%)

11,222

ASE

Technology

Holding

Company,

Ltd.

ADR

112,444

210,000

Asia

Cement

Corporation

265,304

7,000

Asustek

Computer,

Inc.

98,166

25,000

Cathay

Financial

Holding

Company,

Ltd.

47,870

63,000

Chang

Hwa

Commercial

Bank,

Ltd.

36,032

188,000

Cheng

Shin

Rubber

Industry

Company,

Ltd.

277,009

8,000

Chicony

Electronics

Company,

Ltd.

38,124

3,000

Chicony

Power

Technology

Company,

Ltd.

12,243

8,000

China

Steel

Chemical

Corporation

24,521

74,000

Chipbond

Technology

Corporation

143,943

2,192

Chunghwa

Telecom

Company,

Ltd.

ADR

81,433

152,000

Compal

Electronics,

Inc.

147,275

24,000

Delta

Electronics,

Inc.

308,252

11,000

Dynapack

International

Technology

Corporation

37,087

53,000

Far

Eastern

New

Century

Corporation

55,135

35,000

Far

EasTone

Telecommunications

Company,

Ltd.

92,201

67,000

Feng

Hsin

Steel

Company,

Ltd.

162,156

2,000

Fusheng

Precision

Company,

Ltd.

17,477

111,000

Hon

Hai

Precision

Industry

Company,

Ltd.

680,976

121,000

Inventec

Corporation

178,930

66,000

Lite-On

Technology

Corporation

201,849

25,000

MediaTek,

Inc.

952,128

168,000

Nan

Ya

Plastics

Corporation

257,068

208,000

Pegatron

Corporation

642,538

146,000

Pou

Chen

Corporation

161,159

6,000

Powertech

Technology,

Inc.

30,171

6,000

President

Chain

Store

Corporation

50,821

28,000

Quanta

Computer,

Inc.

238,553

9,000

Realtek

Semiconductor

Corporation

141,975

11,000

Sigurd

Microelectronics

Corporation

26,012

17,000

Sino-American

Silicon

Products,

Inc.

100,150

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

104

Shares

Common

Stock

(95.9%)

Value

Taiwan

(1.9%)

-

continued

143,000

Synnex

Technology

International

Corporation

$

310,643

16,000

Systex

Corporation

59,848

324,449

Taichung

Commercial

Bank

Company,

Ltd.

176,367

6,000

Taiwan

Fertilizer

Company,

Ltd.

11,807

93,000

Taiwan

Mobile

Company,

Ltd.

299,181

4,000

Taiwan

Secom

Company,

Ltd.

16,184

240,620

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

7,019,202

34,762

Topco

Scientific

Company,

Ltd.

285,923

6,000

Transcend

Information,

Inc.

18,213

196,000

Uni-President

Enterprises

Corporation

503,702

20,000

USI

Corporation

9,656

21,000

Wah

Lee

Industrial

Corporation

88,067

38,000

WPG

Holdings,

Ltd.

100,136

547,599

Yuanta

Financial

Holding

Company,

Ltd.

549,395

Total

15,067,326

Thailand

(<0.1%)

79,100

Central

Pattana

pcl

NVDR

122,801

20,000

Kasikornbank

pcl

NVDR

73,878

Total

196,679

Turkey

(0.1%)

7,353

Ford

Otomotiv

Sanayi

AS

220,694

39,246

Haci

Omer

Sabanci

Holding

AS

117,734

3,917

KOC

Holding

AS

25,441

47,729

Tekfen

Holding

AS

a

83,229

40,152

Turk

Hava

Yollari

Anonim

Ortakligi

a

350,687

Total

797,785

United

Arab

Emirates

(0.2%)

6,166

Abu

Dhabi

Commercial

Bank

PJSC

14,939

124,658

Abu

Dhabi

National

Oil

Company

for

Distribution

PJSC

121,115

184,592

Deyaar

Development

PJSC

35,733

262,506

Dubai

Islamic

Bank

PJSC

418,100

215,999

Emaar

Properties

PJSC

507,513

85,287

Emirates

NBD

Bank

PJSC

443,508

Total

1,540,908

United

Kingdom

(11.4%)

66,953

abrdn

plc

146,425

6,920

AngloGold

Ashanti

plc

199,265

88,438

AstraZeneca

plc

14,050,172

668,254

Auto

Trader

Group

plc

b

6,999,843

50,564

Balfour

Beatty

plc

273,790

5,008

Bellway

plc

183,883

14,649

Berkeley

Group

Holdings

plc

956,318

16,852

Big

Yellow

Group

plc

262,071

28,520

Breedon

Group

plc

158,649

50,820

British

Land

Company

plc

269,360

2,127

Burberry

Group

plc

21,287

15,903

Bytes

Technology

Group

plc

103,611

40,956

Coca-Cola

European

Partners

plc

3,021,324

280,209

Compass

Group

plc

8,629,010

3,656

Computacenter

plc

126,592

2,010

CVS

Group

plc

29,457

510

Diploma

plc

29,159

57,568

Domino's

Pizza

Group

plc

239,374

4,228

Dunelm

Group

plc

67,060

52,744

Evraz

plc

a,d

7

Shares

Common

Stock

(95.9%)

Value

United

Kingdom

(11.4%)

-

continued

27,974

FirstGroup

plc

$

63,077

7,346

Future

plc

105,726

275

Games

Workshop

Group

plc

36,474

3,002

Genus

plc

70,351

36,437

Grainger

plc

113,176

8,712

Greggs

plc

350,845

70,793

Halma

plc

2,423,134

59,990

Harbour

Energy

plc

241,284

221

Hikma

Pharmaceuticals

plc

5,403

4,758

Hill

&

Smith

plc

140,646

28,605

Howden

Joinery

Group

plc

345,839

292,373

HSBC

Holdings

plc

2,658,861

32,721

IG

Group

Holdings

plc

395,160

10,576

IMI

plc

257,598

74,451

Imperial

Brands

plc

2,052,000

6,062

Inchcape

plc

65,927

8,959

IntegraFin

Holdings

plc

44,341

35,376

InterContinental

Hotels

Group

plc

3,563,966

7,749

J

D

Wetherspoon

plc

a

74,364

31,749

Jupiter

Fund

Management

plc

35,900

54,181

Marks

&

Spencer

Group

plc

228,835

69,201

MONY

Group

plc

211,246

2,496

Morgan

Sindall

Group

plc

92,193

42,242

Next

plc

4,937,216

34,962

Paragon

Banking

Group

plc

361,271

2,305

Pearson

plc

31,274

49,851

Pets

at

Home

Group

plc

196,615

4,878

Polar

Capital

Holdings

plc

37,818

168,741

RELX

plc

7,964,126

2,904

Renew

Holdings

plc

40,671

45,095

Rightmove

plc

335,048

49,470

Rio

Tinto

plc

3,217,167

3,050

RS

Group

plc

32,043

491,552

Shell

plc

17,923,830

7,294

Spectris

plc

286,123

3,979

TBC

Bank

Group

plc

158,571

381,097

Tesco

plc

1,625,172

28,396

Tritax

Big

Box

REIT

plc

60,358

38,805

Unilever

plc

2,384,741

8,488

Volution

Group

plc

59,777

11,221

Watches

of

Switzerland

Group

plc

a,b

58,845

1,445

Whitbread

plc

54,144

76,521

Wickes

Group

plc

148,540

7,318

YouGov

plc

43,463

43,360

Zigup

plc

236,690

Total

89,536,506

Virgin

Islands,

British

(<0.1%)

2,348

VK

IPJSC

GDR

a,d

0

Total

0

Total

Common

Stock

(cost

$628,592,737)

755,167,676

Shares

Preferred

Stock

(

0.2%

)

Brazil

(<0.1%)

81,600

Companhia

de

Saneamento

do

Parana

79,925

Total

79,925

Germany

(0.1%)

2,177

Bayerische

Motoren

Werke

AG

186,638

7,081

Henkel

AG

&

Company

KGaA

605,722

Total

792,360

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

105

Shares

Preferred

Stock

(0.2%)

Value

Russian

Federation

(<0.1%)

9,000

Transneft

PJSC

d,e

$

0

Total

0

South

Korea

(0.1%)

1,351

Hyundai

Motor

Company,

2nd

Preferred

164,198

2,311

Hyundai

Motor

Company,

Preferred

279,727

10,319

Samsung

Electronics

Company,

Ltd.

491,255

Total

935,180

Total

Preferred

Stock

(cost

$1,895,712)

1,807,465

Shares

or

Principal

Amount

Short-Term

Investments

(

3.4%

)

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.250%,

 8/2/2024

g,h

99,971

200,000

5.250%,

 8/7/2024

g,h

199,795

1,700,000

5.250%,

 8/21/2024

g,h

1,694,789

100,000

5.157%,

 11/8/2024

g,h

98,603

Thrivent

Core

Short-Term

Reserve

Fund

2,473,269

5.600%

24,732,694

Total

Short-Term

Investments

(cost

$26,826,128)

26,825,852

Total

Investments

(cost

$657,314,577)

99.5%

$783,800,993

Other

Assets

and

Liabilities,

Net

0.5%

4,153,003

Total

Net

Assets

100.0%

$787,953,996

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$16,267,087

or

2.1%

of

total

net

assets.

c

Security

received

as

part

of

a

corporate

restructure

prior

to

period

end

with

a

contractual

restriction

on

its

sale

of

less

than

one

month.

d

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

e

Pursuant

to

sanctions

related

to

the

Russian

invasion

of

Ukraine

which

restricts

the

ability

of

Russia

and

its

allied

nations

to

make

payments

on

its

dollar-denominated

sovereign

debt

and

equity,

existing

accruals

on

these

securities

have

been

reserved

and

income

is

currently

not

being

accrued.

f

In

bankruptcy.  Income

is

not

being

accrued

per

the

bankruptcy

agreement

terms.

g

The

interest

rate

shown

reflects

the

yield.

h

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

Bhd

-

Berhad

-

suffix

used

in

Malaysia

to

identify

a

Public

Limited

Company

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

NVDR

-

Non-Voting

Depository

Receipts

pcl

-

Public

Company

Limited

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

106

Reference

Description:

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

International

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services^

32,386,900

560,920

31,825,979

1

Consumer

Discretionary

85,728,676

1,348,496

84,380,180

–

Consumer

Staples^

43,460,729

3,442,867

40,017,862

0

Energy^

39,128,382

219,401

38,908,968

13

Financials^

158,141,883

1,912,251

156,229,632

0

Health

Care

88,937,633

–

88,937,633

–

Industrials

126,825,176

–

126,825,176

–

Information

Technology

87,975,433

4,127,967

83,847,466

–

Materials^

58,663,812

2,069,912

56,593,892

8

Real

Estate

13,252,966

–

13,252,966

–

Utilities

20,666,086

244,346

20,421,740

–

Preferred

Stock

Consumer

Discretionary

630,563

–

630,563

–

Consumer

Staples

605,722

–

605,722

–

Energy^

0

–

–

0

Information

Technology

491,255

–

491,255

–

Utilities

79,925

–

79,925

–

Short-Term

Investments

2,093,158

–

2,093,158

–

Subtotal

Investments

in

Securities

$759,068,299

$13,926,160

$745,142,117

$22

Other

Investments  *

Total

Affiliated

Short-Term

Investments

24,732,694

Subtotal

Other

Investments

$24,732,694

Total

Investments

at

Value

$783,800,993

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

^

Level

3

security

in

this

section

is

fair

valued

at

<$1.

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

International

Allocation

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

892,178

892,178

–

–

Total

Asset

Derivatives

$892,178

$892,178

$–

$–

The

following

table

presents

International

Allocation

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$2,093,158

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

ICE

mini

MSCI

EAFE

Index

379

September

2024

$

44,415,829

$

868,986

ICE

US

mini

MSCI

Emerging

Markets

Index

65

September

2024

3,540,433

23,192

Total

Futures

Long

Contracts

$

47,956,262

$

892,178

Total

Futures

Contracts

$

47,956,262

$892,178

International

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

107

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

International

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$28,278

$119,683

$123,228

$24,733

2,473

3.1%

Total

Affiliated

Short-Term

Investments

28,278

24,733

3.1

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

5,685

31,791

37,476

–

–

–

Total

Collateral

Held

for

Securities

Loaned

5,685

–

–

Total

Value

$33,963

$24,733

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$1,361

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$1,361

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

7

Total

Affiliated

Income

from

Securities

Loaned,

Net

$7

Total

$–

$–

$–

Large

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

108

Shares

Common

Stock

(

97.7%

)

Value

Communications

Services

(11.8%)

1,164,663

Alphabet,

Inc.,

Class

C

$

201,661,398

315,691

Meta

Platforms,

Inc.

149,899,558

Total

351,560,956

Consumer

Discretionary

(15.0%)

1,063,542

Amazon.com,

Inc.

a

198,861,083

354,385

Best

Buy

Company,

Inc.

30,661,390

364,643

Chipotle

Mexican

Grill,

Inc.

a

19,807,408

668,942

eBay,

Inc.

37,199,865

279,465

Expedia

Group,

Inc.

a

35,679,297

163,296

Home

Depot,

Inc.

60,119,055

291,248

Tesla,

Inc.

a

67,589,923

Total

449,918,021

Consumer

Staples

(1.3%)

589,548

Walmart,

Inc.

40,466,575

Total

40,466,575

Energy

(1.2%)

1,017,275

Halliburton

Company

35,279,097

Total

35,279,097

Financials

(6.8%)

107,477

American

Express

Company

27,195,980

64,004

Ameriprise

Financial,

Inc.

27,526,200

53,800

FactSet

Research

Systems,

Inc.

22,224,242

212,856

Intercontinental

Exchange,

Inc.

32,260,455

108,110

J.P.

Morgan

Chase

&

Company

23,005,808

841,400

KeyCorp

13,571,782

589,220

PayPal

Holdings,

Inc.

a

38,758,892

67,919

Visa,

Inc.

18,044,041

Total

202,587,400

Health

Care

(12.1%)

102,826

Amgen,

Inc.

34,186,560

149,865

Danaher

Corporation

41,524,594

89,719

Eli

Lilly

&

Company

72,158,300

393,692

Gilead

Sciences,

Inc.

29,944,214

34,767

Humana,

Inc.

12,572,095

103,640

Intuitive

Surgical,

Inc.

a

46,079,380

131,182

Labcorp

Holdings,

Inc.

28,261,850

336,567

Medtronic

plc

27,033,062

71,754

Molina

Healthcare,

Inc.

a

24,487,488

246,685

Zoetis,

Inc.

44,413,167

Total

360,660,710

Industrials

(6.1%)

88,706

Caterpillar,

Inc.

30,710,017

611,507

Fastenal

Company

43,264,120

75,953

Northrop

Grumman

Corporation

36,785,557

671,158

Uber

Technologies,

Inc.

a

43,269,556

214,713

United

Parcel

Service,

Inc.

27,992,134

Total

182,021,384

Information

Technology

(41.4%)

412,729

Advanced

Micro

Devices,

Inc.

a

59,631,086

1,056,315

Apple,

Inc.

234,586,435

196,206

Applied

Materials,

Inc.

41,634,913

166,660

Broadcom,

Inc.

26,778,929

182,454

CDW

Corporation

39,795,042

450,178

Fortinet,

Inc.

a

26,128,331

215,026

International

Business

Machines

Corporation

41,315,096

714,881

Microsoft

Corporation

299,070,466

Shares

Common

Stock

(97.7%)

Value

Information

Technology

(41.4%)

-

continued

2,463,919

NVIDIA

Corporation

$

288,327,801

301,555

QUALCOMM,

Inc.

54,566,377

204,225

Salesforce,

Inc.

52,853,430

91,196

ServiceNow,

Inc.

a

74,269,111

Total

1,238,957,017

Materials

(1.0%)

179,257

Nucor

Corporation

29,208,136

Total

29,208,136

Real

Estate

(1.0%)

38,923

Equinix,

Inc.

30,758,511

Total

30,758,511

Total

Common

Stock

(cost

$1,746,456,157)

2,921,417,807

Shares

Short-Term

Investments

(

2.4%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

7,108,346

5.600%

71,083,459

Total

Short-Term

Investments

(cost

$71,064,170)

71,083,459

Total

Investments

(cost

$1,817,520,327)

100.1%

$2,992,501,266

Other

Assets

and

Liabilities,

Net

(0.1%)

(1,515,266)

Total

Net

Assets

100.0%

$2,990,986,000

a

Non-income

producing

security.

Definitions:

plc

-

Public

Limited

Company

Large

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

109

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Large

Cap

Growth

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

351,560,956

351,560,956

–

–

Consumer

Discretionary

449,918,021

449,918,021

–

–

Consumer

Staples

40,466,575

40,466,575

–

–

Energy

35,279,097

35,279,097

–

–

Financials

202,587,400

202,587,400

–

–

Health

Care

360,660,710

360,660,710

–

–

Industrials

182,021,384

182,021,384

–

–

Information

Technology

1,238,957,017

1,238,957,017

–

–

Materials

29,208,136

29,208,136

–

–

Real

Estate

30,758,511

30,758,511

–

–

Subtotal

Investments

in

Securities

$2,921,417,807

$2,921,417,807

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

71,083,459

Subtotal

Other

Investments

$71,083,459

Total

Investments

at

Value

$2,992,501,266

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

 The

Fund

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities. 

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Large

Cap

Growth

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$50,664

$272,140

$251,721

$71,083

7,108

2.4%

Total

Affiliated

Short-Term

Investments

50,664

71,083

2.4

Total

Value

$50,664

$71,083

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$2,313

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$2,313

Total

$–

$–

$–

Large

Cap

Value

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

110

Shares

Common

Stock

(

96.3%

)

Value

Communications

Services

(7.0%)

208,084

Alphabet,

Inc.,

Class

C

$

36,029,745

794,364

Comcast

Corporation

32,783,402

86,038

Meta

Platforms,

Inc.

40,853,424

1,149,224

Verizon

Communications,

Inc.

46,566,556

1,364,041

Warner

Brothers

Discovery,

Inc.

a

11,798,955

Total

168,032,082

Consumer

Discretionary

(5.9%)

239,303

Aptiv

plc

a

16,605,235

5,238

Booking

Holdings,

Inc.

19,459,223

93,075

Columbia

Sportswear

Company

7,604,228

100,182

D.R.

Horton,

Inc.

18,025,747

134,122

Lowe's

Companies,

Inc.

32,928,292

203,053

Sony

Group

Corporation

ADR

17,988,465

165,749

Wyndham

Hotels

&

Resorts,

Inc.

12,550,514

576,877

Yum

China

Holding,

Inc.

17,444,761

Total

142,606,465

Consumer

Staples

(8.4%)

1,741,586

Coty,

Inc.

a

17,328,781

101,163

J.M.

Smucker

Company

11,932,176

1,271,015

Kenvue,

Inc.

23,501,067

271,534

Lamb

Weston

Holdings,

Inc.

16,297,471

475,853

Philip

Morris

International,

Inc.

54,799,231

424,480

Sysco

Corporation

32,536,392

693,428

Walmart,

Inc.

47,596,898

Total

203,992,016

Energy

(9.6%)

352,197

ConocoPhillips

39,164,306

575,056

Devon

Energy

Corporation

27,044,884

1,201,598

Enterprise

Products

Partners,

LP

34,678,118

619,324

Exxon

Mobil

Corporation

73,445,633

553,598

Halliburton

Company

19,198,779

121,832

Marathon

Petroleum

Corporation

21,566,701

223,833

Shell

plc

ADR

16,389,052

Total

231,487,473

Financials

(19.2%)

98,584

Allstate

Corporation

16,869,694

310,153

American

International

Group,

Inc.

24,573,422

1,189,756

Bank

of

America

Corporation

47,959,064

323,840

Bank

of

New

York

Mellon

Corporation

21,072,269

148,784

Capital

One

Financial

Corporation

22,525,898

628,479

Charles

Schwab

Corporation

40,970,546

118,497

Chubb,

Ltd.

32,664,883

185,042

Discover

Financial

Services

26,644,198

7,557

First

Citizens

BancShares,

Inc./NC

15,776,673

193,899

Intercontinental

Exchange,

Inc.

29,387,332

309,122

J.P.

Morgan

Chase

&

Company

65,781,162

736,439

KeyCorp

11,878,761

54,164

Marsh

&

McLennan

Companies,

Inc.

12,055,281

350,680

MetLife,

Inc.

26,949,758

1,137,841

Wells

Fargo

&

Company

67,519,485

Total

462,628,426

Health

Care

(13.8%)

46,462

Amgen,

Inc.

15,447,221

276,475

AstraZeneca

plc

ADR

21,882,996

840,421

Avantor,

Inc.

a

22,481,262

55,225

Biogen,

Inc.

a

11,773,970

81,229

Cigna

Group

28,322,116

Shares

Common

Stock

(96.3%)

Value

Health

Care

(13.8%)

-

continued

92,846

Elevance

Health,

Inc.

$

49,396,857

241,647

Gilead

Sciences,

Inc.

18,379,671

343,519

Johnson

&

Johnson

54,224,474

102,953

Labcorp

Holdings,

Inc.

22,180,194

371,619

Merck

&

Company,

Inc.

42,041,258

310,796

Sanofi

SA

ADR

16,102,341

273,589

Zimmer

Biomet

Holdings,

Inc.

30,464,135

Total

332,696,495

Industrials

(11.6%)

44,820

Caterpillar,

Inc.

15,516,684

2,432,541

CNH

Industrial

NV

25,906,562

690,996

CSX

Corporation

24,253,959

557,699

Delta

Air

Lines,

Inc.

23,992,211

528,099

Flowserve

Corporation

26,695,404

107,256

General

Dynamics

Corporation

32,038,440

153,202

Honeywell

International,

Inc.

31,368,109

158,625

Jacobs

Solutions,

Inc.

23,214,769

126,033

JB

Hunt

Transport

Services,

Inc.

21,822,614

124,557

L3Harris

Technologies,

Inc.

28,260,738

205,197

United

Parcel

Service,

Inc.

26,751,533

Total

279,821,023

Information

Technology

(8.6%)

750,231

Cisco

Systems,

Inc.

36,348,692

127,075

Crane

NXT

Company

7,990,476

222,970

International

Business

Machines

Corporation

42,841,456

239,907

QUALCOMM,

Inc.

43,411,171

850,311

Samsung

Electronics

Company,

Ltd.

52,432,110

155,213

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

25,734,315

Total

208,758,220

Materials

(4.1%)

372,812

CF

Industries

Holdings,

Inc.

28,479,109

266,180

Corteva,

Inc.

14,932,698

257,897

Eastman

Chemical

Company

26,648,497

173,589

Nucor

Corporation

28,284,591

Total

98,344,895

Real

Estate

(3.2%)

55,275

AvalonBay

Communities,

Inc.

11,326,953

144,056

CBRE

Group,

Inc.

a

16,236,552

254,266

Crown

Castle,

Inc.

27,989,601

1,243,382

Healthcare

Realty

Trust,

Inc.

21,995,428

Total

77,548,534

Utilities

(4.9%)

124,333

Constellation

Energy

Corporation

23,598,403

310,744

Duke

Energy

Corporation

33,954,997

269,177

Entergy

Corporation

31,216,457

369,910

Public

Service

Enterprise

Group,

Inc.

29,507,721

Total

118,277,578

Total

Common

Stock

(cost

$1,726,857,634)

2,324,193,207

Large

Cap

Value

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

111

Shares

Registered

Investment

Companies

(

0.5%

)

Value

U.S.

Unaffiliated  (0.5%)

123,805

SPDR

S&P

Biotech

ETF

b

$

12,264,123

Total

12,264,123

Total

Registered

Investment

Companies

(cost

$11,020,118)

12,264,123

Shares

Collateral

Held

for

Securities

Loaned

(

0.5%

)

Value

11,877,600

Thrivent

Cash

Management

Trust

11,877,600

Total

Collateral

Held

for

Securities

Loaned

(cost

$11,877,600)

11,877,600

Shares

Short-Term

Investments

(

3.8%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

9,105,477

5.600%

91,054,771

Total

Short-Term

Investments

(cost

$91,033,172)

91,054,771

Total

Investments

(cost

$1,840,788,524)

101.1%

$2,439,389,701

Other

Assets

and

Liabilities,

Net

(1.1%)

(26,813,485)

Total

Net

Assets

100.0%

$2,412,576,216

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Large

Cap

Value

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Common

Stock

$

11,649,456

Total

lending

$11,649,456

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$11,877,600

Net

amounts

due

to

counterparty

$228,144

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Large

Cap

Value

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

112

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Large

Cap

Value

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

168,032,082

168,032,082

–

–

Consumer

Discretionary

142,606,465

142,606,465

–

–

Consumer

Staples

203,992,016

203,992,016

–

–

Energy

231,487,473

231,487,473

–

–

Financials

462,628,426

462,628,426

–

–

Health

Care

332,696,495

332,696,495

–

–

Industrials

279,821,023

279,821,023

–

–

Information

Technology

208,758,220

156,326,110

52,432,110

–

Materials

98,344,895

98,344,895

–

–

Real

Estate

77,548,534

77,548,534

–

–

Utilities

118,277,578

118,277,578

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

12,264,123

12,264,123

–

–

Subtotal

Investments

in

Securities

$2,336,457,330

$2,284,025,220

$52,432,110

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

91,054,771

Collateral

Held

for

Securities

Loaned

11,877,600

Subtotal

Other

Investments

$102,932,371

Total

Investments

at

Value

$2,439,389,701

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Large

Cap

Value

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$11,411

$412,103

$332,459

$91,055

9,105

3.8%

Total

Affiliated

Short-Term

Investments

11,411

91,055

3.8

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

32,169

20,291

11,878

11,878

0.5

Total

Collateral

Held

for

Securities

Loaned

–

11,878

0.5

Total

Value

$11,411

$102,933

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$1

($1)

$–

$1,960

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$1,960

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

28

Total

Affiliated

Income

from

Securities

Loaned,

Net

$28

Total

$1

($1)

$–

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

113

Principal

Amount

Long-Term

Fixed

Income

(

99.3%

)

Value

Asset-Backed

Securities

(16.0%)

510

Asset

Backed

Trust

$

2,730,834

5.116%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A1

a,b

$

2,710,181

2,251,853

5.240%, 

11/25/2069,

Ser.

2021-NPL1,

Class

A1

a,b

2,243,712

ACHV

ABS

Trust

1,387,167

5.900%, 

4/25/2031,

Ser.

2024-1PL,

Class

A

a

1,394,214

Affirm

Asset

Securitization

Trust

43,217

1.750%, 

2/15/2027,

Ser.

2022-X1,

Class

A

a

42,948

2,500,000

6.820%, 

9/15/2028,

Ser.

2023-B,

Class

A

a

2,541,285

1,215,201

7.110%, 

11/15/2028,

Ser.

2023-X1,

Class

A

a

1,218,867

3,300,000

5.610%, 

2/15/2029,

Ser.

2024-A,

Class

A

a

3,313,419

1,255,020

6.270%, 

5/15/2029,

Ser.

2024-X1,

Class

A

a

1,257,139

AIMCO

CLO

3,929,081

6.567%, 

(TSFR3M

+

1.282%),

4/17/2031,

Ser.

2018-AA,

Class

A

a,c

3,928,067

AMSR

Trust

6,000,000

2.417%, 

12/17/2038,

Ser.

2021-SFR4,

Class

B

a

5,591,067

Annisa

CLO,

Ltd.

3,500,000

6.782%, 

(TSFR3M

+

1.500%),

7/20/2031,

Ser.

2016-2A,

Class

BRR

a,c

3,500,073

Ares

XL

CLO,

Ltd.

9,000,000

6.963%, 

(TSFR3M

+

1.662%),

1/15/2029,

Ser.

2016-40A,

Class

A3RR

a,c

9,009,531

Auxilior

Term

Funding,

LLC

4,750,000

5.840%, 

3/15/2027,

Ser.

2024-1A,

Class

A2

a

4,767,618

Avant

Credit

Card

Master

Trust

10,500,000

1.370%, 

4/15/2027,

Ser.

2021-1A,

Class

A

a

10,331,763

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

2,025,000

2.020%, 

2/20/2027,

Ser.

2020-2A,

Class

A

a

1,937,230

5,000,000

5.780%, 

4/20/2028,

Ser.

2023-5A,

Class

A

a

5,083,135

4,000,000

5.250%, 

4/20/2029,

Ser.

2023-1A,

Class

A

a

4,028,501

Bankers

Healthcare

Group

Securitization

Trust

718,067

5.280%, 

10/17/2035,

Ser.

2022-C,

Class

A

a

716,980

Benefit

Street

Partners

CLO

IV,

Ltd.

3,600,000

7.182%, 

(TSFR3M

+

1.900%),

4/20/2034,

Ser.

2014-IVA,

Class

BR4

a,c

3,608,089

BHG

Securitization

Trust

970,320

0.900%, 

10/17/2034,

Ser.

2021-B,

Class

A

a

957,224

BRAVO

Residential

Funding

Trust

2,460,664

6.097%, 

(SOFR30A

+

0.750%),

8/26/2024,

Ser.

2021-HE2,

Class

A1

a,c

2,451,063

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Asset-Backed

Securities

(16.0%)

-

continued

CarVal

CLO

I,

Ltd.

$

4,200,000

7.136%, 

(TSFR3M

+

1.850%),

7/16/2031,

Ser.

2018-1A,

Class

BR

a,c

$

4,212,789

Cascade

Funding

Mortgage

Trust

771,932

1.100%, 

3/20/2041,

Ser.

2021-GRN1,

Class

A

a

742,635

Cascade

Funding

Mortgage

Trust,

LLC

832,092

4.250%, 

4/25/2033,

Ser.

2023-HB12,

Class

A

a,c

819,368

CIM

Trust

1,886,434

5.568%, 

7/25/2059,

Ser.

2021-NR2,

Class

A1

a,b

1,880,931

Commonbond

Student

Loan

Trust

164,238

2.550%, 

5/25/2041,

Ser.

2017-AGS,

Class

A1

a

155,258

294,889

5.964%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

a,c

289,861

Education

Funding

Trust

1,174,689

2.790%, 

7/25/2041,

Ser.

2020-A,

Class

A

a

1,080,599

Elmwood

CLO

18,

Ltd.

4,000,000

6.936%, 

(TSFR3M

+

1.650%),

7/17/2033,

Ser.

2022-5A,

Class

AR

a,c

4,008,164

FirstKey

Homes

Trust

1,000,000

1.968%, 

10/19/2037,

Ser.

2020-SFR2,

Class

D

a

951,323

Flatiron

CLO,

Ltd.

4,000,000

7.034%, 

(TSFR3M

+

1.712%),

5/15/2030,

Ser.

2017-1A,

Class

BR

a,c

4,001,248

Foundation

Finance

Trust

1,178,913

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

a

1,083,814

3,913,424

6.530%, 

6/15/2049,

Ser.

2023-2A,

Class

A

a

4,012,242

Genesis

Sales

Finance

Master

Trust

8,785,097

1.200%, 

12/21/2026,

Ser.

2021-AA,

Class

A

a

8,647,355

GMAC

Mortgage

Corporation

Loan

Trust

14,894

5.964%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

c,d

8,007

GSAA

Home

Equity

Trust

223,662

7.414%, 

(TSFR1M

+

2.064%),

5/25/2034,

Ser.

2004-4,

Class

M2

c

282,540

920,881

4.349%, 

8/25/2034,

Ser.

2004-10,

Class

M2

c

844,314

Hertz

Vehicle

Financing

III,

LLC

1,750,000

5.440%, 

1/25/2029,

Ser.

2024-1A,

Class

A

a

1,760,282

Home

Partners

of

America

Trust

3,579,768

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

a

3,334,422

Marlette

Funding

Trust

573,267

6.070%, 

4/15/2033,

Ser.

2023-1A,

Class

A

a

573,138

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

114

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Asset-Backed

Securities

(16.0%)

-

continued

$

2,404,919

5.950%, 

7/17/2034,

Ser.

2024-1A,

Class

A

a

$

2,407,581

Merchants

Fleet

Funding,

LLC

1,900,000

5.820%, 

4/20/2037,

Ser.

2024-1A,

Class

A

a

1,916,638

National

Collegiate

Trust

475,896

5.759%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

a,c

464,079

Navient

Student

Loan

Trust

1,824,248

4.160%, 

10/15/2070,

Ser.

2022-BA,

Class

A

a

1,755,749

Oak

Street

Investment

2,393,720

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

a

2,261,351

Octane

Receivables

Trust

3,000,000

5.800%, 

7/20/2032,

Ser.

2024-2A,

Class

A2

a

3,017,681

OneMain

Financial

Issuance

Trust

3,500,000

1.750%, 

9/14/2035,

Ser.

2020-2A,

Class

A

a

3,306,178

OZLM

VIII,

Ltd.

4,000,000

7.197%, 

(TSFR3M

+

1.912%),

10/17/2029,

Ser.

2014-8A,

Class

A2R3

a,c

4,003,364

OZLM

XVII,

Ltd.

5,200,000

7.282%, 

(TSFR3M

+

2.000%),

7/20/2030,

Ser.

2017-17A,

Class

BRR

a,c

5,214,836

Pagaya

AI

Debt

Grantor

Trust

and

Pagaya

AI

Debt

Trust

3,500,000

6.093%, 

11/15/2031,

Ser.

2024-6,

Class

A

a

3,510,378

Pagaya

AI

Debt

Trust

444,411

7.556%, 

7/15/2030,

Ser.

2023-1,

Class

A

a

445,870

Pagaya

AI

Technology

in

Housing

Trust

3,917,985

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

A

a

3,841,084

4,000,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

B

a

3,899,580

Palmer

Square

Loan

Funding,

Ltd.

1,528,175

6.794%, 

(TSFR3M

+

1.512%),

4/20/2029,

Ser.

2021-1A,

Class

A2

a,c

1,533,206

PPM

CLO

2,

Ltd.

6,250,000

6.786%, 

(TSFR3M

+

1.500%),

4/16/2037,

Ser.

2019-2A,

Class

AR

a,c

6,293,931

Pretium

Mortgage

Credit

Partners,

LLC

3,288,913

4.868%, 

7/25/2051,

Ser.

2021-NPL3,

Class

A1

a,b

3,284,532

2,000,000

6.996%, 

7/25/2054,

Ser.

2024-NPL4,

Class

A1

a,b

1,999,800

Progress

Residential

Trust

4,061,754

1.524%, 

7/17/2038,

Ser.

2021-SFR6,

Class

A

a

3,789,842

3,750,000

1.942%, 

8/17/2040,

Ser.

2021-SFR7,

Class

B

a

3,334,909

RCO

VII

Mortgage,

LLC

2,117,431

7.021%, 

1/25/2029,

Ser.

2024-1,

Class

A1

a,b

2,123,200

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Asset-Backed

Securities

(16.0%)

-

continued

SCF

Equipment

Leasing,

LLC

$

4,524,289

6.560%, 

1/22/2030,

Ser.

2023-1A,

Class

A2

a

$

4,566,295

SFS

Auto

Receivables

Securitization

Trust

767,324

5.890%, 

3/22/2027,

Ser.

2023-1A,

Class

A2A

a

768,376

Sound

Point

CLO

XV,

Ltd.

174,753

7.045%, 

(TSFR3M

+

1.762%),

1/23/2029,

Ser.

2017-1A,

Class

BR

a,c

175,035

Stratus

Static

CLO,

Ltd.

5,000,000

7.182%, 

(TSFR3M

+

1.900%),

10/20/2031,

Ser.

2022-3A,

Class

BR

a,c

5,002,685

Terwin

Mortgage

Trust

881,184

5.223%, 

(TSFR1M

+

1.614%),

12/25/2034,

Ser.

2004-21HE,

Class

2M2

a,c

869,360

Towd

Point

Asset

Trust

1,776,010

1.050%, 

11/20/2061,

Ser.

2021-SL1,

Class

A1

a

1,670,400

Tricon

Residential

Trust

5,750,000

2.244%, 

7/17/2038,

Ser.

2021-SFR1,

Class

B

a

5,404,775

1,800,000

4.750%, 

6/17/2040,

Ser.

2024-SFR2,

Class

A

a

1,782,817

2,250,000

5.700%, 

6/20/2040,

Ser.

2024-SFR2,

Class

B

a

2,272,796

U.S.

Bank

NA

1,762,454

6.789%, 

8/25/2032,

Ser.

2023-1,

Class

B

a

1,778,202

United

Auto

Credit

Securitization

Trust

1,111,938

6.170%, 

8/10/2026,

Ser.

2024-1,

Class

A

a

1,112,495

Upstart

Securitization

Trust

1,335,918

6.770%, 

6/20/2033,

Ser.

2023-2,

Class

A

a

1,340,075

VCAT

Asset

Securitization,

LLC

301,424

5.289%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A1

a,b

301,186

Vericrest

Opportunity

Loan

Transferee

1,227,288

4.893%, 

2/27/2051,

Ser.

2021-NPL1,

Class

A1

a,b

1,219,765

1,528,733

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

a,b

1,524,011

1,646,962

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

a,b

1,649,660

2,650,783

4.868%, 

8/25/2051,

Ser.

2021-NP11,

Class

A1

a,b

2,628,761

Veridian

Auto

Receivables

Trust

1,207,189

5.970%, 

8/17/2026,

Ser.

2023-1A,

Class

A2

a

1,207,805

Wind

River

CLO,

Ltd.

5,000,000

7.144%, 

(TSFR3M

+

1.862%),

7/20/2030,

Ser.

2013-1A,

Class

A2RR

a,c

5,004,755

Total

208,003,439

Basic

Materials

(1.9%)

Anglo

American

Capital

plc

1,860,000

4.875%, 

5/14/2025

a

1,850,197

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

115

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Basic

Materials

(1.9%)

-

continued

Eastman

Chemical

Company

$

650,000

5.000%, 

8/1/2029

$

651,919

EIDP,

Inc.

1,543,000

4.500%, 

5/15/2026

1,537,200

FMC

Corporation

1,575,000

5.150%, 

5/18/2026

1,576,897

Freeport-McMoRan,

Inc.

3,700,000

4.550%, 

11/14/2024

3,686,754

Glencore

Funding,

LLC

2,500,000

5.338%, 

4/4/2027

a

2,524,663

2,525,000

6.125%, 

10/6/2028

a

2,625,295

International

Flavors

&

Fragrances,

Inc.

1,250,000

1.832%, 

10/15/2027

a

1,134,266

LYB

International

Finance

III,

LLC

1,374,000

1.250%, 

10/1/2025

1,312,053

Mosaic

Company

1,475,000

5.375%, 

11/15/2028

1,503,241

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

1,575,000

5.300%, 

3/15/2026

a

1,584,289

Steel

Dynamics,

Inc.

925,000

2.400%, 

6/15/2025

901,779

Syngenta

Finance

NV

3,352,000

4.892%, 

4/24/2025

a

3,330,016

Total

24,218,569

Capital

Goods

(3.1%)

AGCO

Corporation

1,900,000

5.450%, 

3/21/2027

1,925,911

Amphenol

Corporation

2,000,000

4.750%, 

3/30/2026

1,998,680

BAE

Systems

plc

1,565,000

5.000%, 

3/26/2027

a

1,572,647

Boeing

Company

4,500,000

4.875%, 

5/1/2025

4,468,203

2,500,000

2.196%, 

2/4/2026

2,379,261

1,100,000

6.259%, 

5/1/2027

a

1,124,018

1,250,000

6.298%, 

5/1/2029

a

1,292,986

Caterpillar

Financial

Services

Corporation

1,725,000

5.000%, 

5/14/2027

1,749,061

900,000

4.850%, 

2/27/2029

915,238

Honeywell

International,

Inc.

2,100,000

4.650%, 

7/30/2027

2,109,309

Howmet

Aerospace,

Inc.

1,700,000

6.875%, 

5/1/2025

1,715,120

1,900,000

3.000%, 

1/15/2029

1,750,020

Huntington

Ingalls

Industries,

Inc.

800,000

3.844%, 

5/1/2025

789,618

Ingersoll

Rand,

Inc.

500,000

5.400%, 

8/14/2028

512,423

John

Deere

Capital

Corporation

2,000,000

4.900%, 

6/11/2027

2,023,287

1,900,000

4.950%, 

7/14/2028

1,933,031

Otis

Worldwide

Corporation

2,375,000

2.056%, 

4/5/2025

2,323,300

Regal

Rexnord

Corporation

1,650,000

6.050%, 

2/15/2026

1,662,819

Republic

Services,

Inc.

1,750,000

0.875%, 

11/15/2025

1,660,956

RTX

Corporation

1,900,000

5.750%, 

11/8/2026

1,939,841

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Capital

Goods

(3.1%)

-

continued

Textron,

Inc.

$

2,000,000

3.875%, 

3/1/2025

$

1,981,118

Veralto

Corporation

1,900,000

5.500%, 

9/18/2026

a

1,917,294

Total

39,744,141

Collateralized

Mortgage

Obligations

(9.3%)

A&D

Mortgage

Trust

3,494,769

6.733%, 

7/25/2068,

Ser.

2023-NQM3,

Class

A1

a,b

3,530,513

Banc

of

America

Funding

Trust

245,046

6.115%, 

1/25/2035,

Ser.

2004-D,

Class

4A1

c

244,537

538,939

5.750%, 

3/25/2036,

Ser.

2006-3,

Class

3A1

522,644

Bear

Stearns

Adjustable

Rate

Mortgage

Trust

103,455

7.670%, 

(CMT

1Y

+

2.300%),

10/25/2035,

Ser.

2005-9,

Class

A1

c

93,945

CAFL

Issuer,

LLC

3,535,836

2.239%, 

3/28/2029,

Ser.

2021-RTL1,

Class

A1

a,b

3,454,115

Cascade

Funding

Mortgage

Trust

715,888

4.000%, 

10/25/2068,

Ser.

2018-RM2,

Class

A

a,c

713,752

Chase

Mortgage

Finance

Trust

Series

1,232,088

6.588%, 

7/25/2037,

Ser.

2007-A2,

Class

1M

c

1,218,125

CHNGE

Mortgage

Trust

1,935,568

6.000%, 

1/25/2058,

Ser.

2022-5,

Class

A1

a,c

1,959,109

3,853,011

3.007%, 

1/25/2067,

Ser.

2022-1,

Class

A1

a,c

3,602,846

3,913,576

7.065%, 

3/25/2058,

Ser.

2023-1,

Class

A1

a,c

3,930,683

5,186,430

3.757%, 

3/25/2067,

Ser.

2022-2,

Class

A1

a,c

4,938,630

3,202,985

6.525%, 

6/25/2058,

Ser.

2023-2,

Class

A1

a,b

3,189,299

3,506,430

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

a,b

3,513,817

Citigroup

Mortgage

Loan

Trust,

Inc.

520,008

5.342%, 

(CMT

1Y

+

2.400%),

3/25/2036,

Ser.

2006-AR1,

Class

3A1

c

479,691

COLT

Mortgage

Loan

Trust

4,755,477

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

a,c

4,140,974

Countrywide

Alternative

Loan

Trust

94,728

5.500%, 

11/25/2035,

Ser.

2005-49CB,

Class

A1

63,594

92,403

5.500%, 

2/25/2036,

Ser.

2005-85CB,

Class

2A2

74,208

Credit

Suisse

Mortgage

Capital

Certificates

4,634,401

2.303%, 

10/25/2066,

Ser.

2021-NQM8,

Class

A2

a,c

4,009,101

Cross

Mortgage

Trust

4,250,000

5.854%, 

8/26/2069,

Ser.

2024-H5

a,b

4,249,962

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

116

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Collateralized

Mortgage

Obligations

(9.3%)

-

continued

Deephaven

Residential

Mortgage

Trust

$

5,106,405

2.205%, 

1/25/2067,

Ser.

2022-1,

Class

A1

a,c

$

4,551,313

4,985,551

2.085%, 

11/25/2066,

Ser.

2021-4,

Class

A2

a,c

4,345,967

Federal

National

Mortgage

Association

-

REMIC

2,873,708

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

2,833,135

Flagstar

Mortgage

Trust

2,314,920

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

2,046,373

GCAT

Trust

2,764,524

6.007%, 

1/25/2059,

Ser.

2024-NQM1,

Class

A1

a,b

2,772,659

3,926,309

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

a,c

3,514,965

GS

Mortgage-Backed

Securities

Trust

306,820

1.791%, 

9/27/2060,

Ser.

2020-NQM1,

Class

A2

a,c

287,779

J.P.

Morgan

Alternative

Loan

Trust

247,379

4.958%, 

3/25/2036,

Ser.

2006-A1,

Class

2A1

c

185,803

J.P.

Morgan

Mortgage

Trust

135,387

5.174%, 

2/25/2036,

Ser.

2006-A1,

Class

2A2

c

95,006

LHOME

Mortgage

Trust

657,555

3.363%, 

9/25/2026,

Ser.

2021-RTL3,

Class

A1

a

652,959

1,900,000

8.000%, 

6/25/2028,

Ser.

2023-RTL2,

Class

A1

a,b

1,929,507

2,250,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

a,b

2,289,620

3,500,000

7.128%, 

3/25/2029,

Ser.

2024-RTL2,

Class

A1

a,b

3,549,626

MFA

Trust

4,501,561

3.875%, 

9/25/2056,

Ser.

2022-CHM1,

Class

A1

a,b

4,360,683

3,750,000

7.093%, 

2/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

3,769,146

Mortgage

Equity

Conversion

Asset

Trust

272,111

5.340%, 

(CMT

1Y

+

0.490%),

1/25/2042,

Ser.

2007-FF1,

Class

A

a,c

268,535

243,971

5.300%, 

(CMT

1Y

+

0.470%),

2/25/2042,

Ser.

2007-FF2,

Class

A

a,c

242,429

NYMT

Loan

Trust

1,500,000

7.154%, 

2/25/2029,

Ser.

2024-BPL1,

Class

A1

a,b

1,510,281

2,500,000

6.509%, 

5/25/2039,

Ser.

2024-BPL2,

Class

A1

a,b

2,530,167

OBX

Trust

1,300,000

6.128%, 

6/25/2064,

Ser.

2024-NQM11,

Class

A2

a,b

1,303,427

Palisades

Mortgage

Loan

Trust

3,047,561

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

a

3,018,274

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Collateralized

Mortgage

Obligations

(9.3%)

-

continued

Preston

Ridge

Partners

Mortgage

Trust,

LLC

$

3,070,190

4.000%, 

1/25/2054,

Ser.

2024-RCF1,

Class

A1

a,b

$

2,968,631

2,056,122

5.363%, 

11/25/2025,

Ser.

2020-6,

Class

A1

a,b

2,050,409

1,664,725

7.026%, 

3/25/2029,

Ser.

2024-2,

Class

A1

a,b

1,681,171

RCKT

Mortgage

Trust

2,464,393

6.147%, 

6/25/2044,

Ser.

2024-CES4,

Class

A1A

a,b

2,491,525

ROC

Securities

Trust

Series

2,698,501

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

2,691,455

Toorak

Mortgage

Corporation,

Ltd.

5,210,258

2.577%, 

2/25/2057,

Ser.

2022-INV1,

Class

A1

a,c

4,715,149

Toorak

Mortgage

Trust

4,750,000

6.597%, 

2/25/2039,

Ser.

2024-RRTL1,

Class

A1

a,b

4,782,771

TRK

Trust

4,967,141

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

a,c

4,323,759

TVC

Mortgage

Trust

2,500,000

8.250%, 

11/25/2027,

Ser.

2023-RTL1,

Class

A1

a,b

2,524,649

Vericrest

Opportunity

Loan

Transferee

1,175,151

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

a,b

1,173,747

Verus

Securitization

Trust

1,691,519

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

a,c

1,483,004

Visio

2020-1R

Trust

405,297

1.567%, 

11/25/2055,

Ser.

2020-1R,

Class

A2

a

371,478

Wachovia

Mortgage

Loan

Trust,

LLC

10,559

6.624%, 

5/20/2036,

Ser.

2006-A,

Class

2A1

c

10,159

Total

121,255,106

Commercial

Mortgage-Backed

Securities

(0.1%)

Silver

Hill

Trust

1,824,384

3.102%, 

11/25/2049,

Ser.

2019-1,

Class

A1

a,c

1,757,369

Total

1,757,369

Communications

Services

(2.6%)

American

Tower

Corporation

1,500,000

4.400%, 

2/15/2026

1,487,915

1,000,000

1.450%, 

9/15/2026

931,026

2,050,000

5.500%, 

3/15/2028

2,094,280

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

779,000

4.908%, 

7/23/2025

773,800

875,000

6.150%, 

11/10/2026

891,732

1,725,000

6.100%, 

6/1/2029

1,763,376

Comcast

Corporation

950,000

5.100%, 

6/1/2029

973,139

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

117

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Communications

Services

(2.6%)

-

continued

Cox

Communications,

Inc.

$

517,000

3.150%, 

8/15/2024

a

$

516,450

Crown

Castle,

Inc.

1,260,000

4.800%, 

9/1/2028

1,254,583

NTT

Finance

Corporation

1,750,000

5.104%, 

7/2/2027

a

1,769,856

Rogers

Communications,

Inc.

1,900,000

5.000%, 

2/15/2029

1,906,249

Sprint

Capital

Corporation

4,730,000

6.875%, 

11/15/2028

5,071,274

Sprint

Corporation

1,500,000

7.625%, 

2/15/2025

1,507,766

Take-Two

Interactive

Software,

Inc.

1,250,000

5.400%, 

6/12/2029

1,277,738

T-Mobile

USA,

Inc.

2,500,000

3.500%, 

4/15/2025

2,464,887

3,125,000

4.850%, 

1/15/2029

3,140,288

Warnermedia

Holdings,

Inc.

3,600,000

3.638%, 

3/15/2025

3,549,457

3,200,000

3.755%, 

3/15/2027

3,048,173

Total

34,421,989

Consumer

Cyclical

(5.7%)

American

Honda

Finance

Corporation

1,900,000

4.900%, 

3/12/2027

1,914,484

2,000,000

4.900%, 

7/9/2027

2,017,053

2,050,000

5.650%, 

11/15/2028

2,132,936

D.R.

Horton,

Inc.

950,000

2.600%, 

10/15/2025

922,638

Daimler

Trucks

Finance

North

America,

LLC

1,900,000

5.600%, 

8/8/2025

a

1,907,164

Expedia

Group,

Inc.

4,850,000

6.250%, 

5/1/2025

a

4,864,814

Ford

Motor

Credit

Company,

LLC

1,000,000

2.300%, 

2/10/2025

981,388

1,400,000

3.375%, 

11/13/2025

1,365,067

1,875,000

5.800%, 

3/5/2027

1,892,842

2,500,000

5.113%, 

5/3/2029

2,448,808

General

Motors

Company

1,500,000

6.125%, 

10/1/2025

1,515,341

General

Motors

Financial

Company,

Inc.

1,580,000

2.900%, 

2/26/2025

1,556,302

1,075,000

2.750%, 

6/20/2025

1,050,100

950,000

5.400%, 

5/8/2027

960,650

1,900,000

5.350%, 

7/15/2027

1,919,570

2,500,000

5.800%, 

1/7/2029

2,571,121

Harley-Davidson

Financial

Services,

Inc.

2,550,000

5.950%, 

6/11/2029

a

2,589,672

Home

Depot,

Inc.

2,500,000

4.875%, 

6/25/2027

2,527,872

Hyatt

Hotels

Corporation

2,850,000

5.750%, 

1/30/2027

2,899,036

Hyundai

Capital

America

1,360,000

1.800%, 

10/15/2025

a

1,307,222

1,250,000

6.250%, 

11/3/2025

a

1,266,199

1,250,000

1.650%, 

9/17/2026

a

1,165,917

1,900,000

5.300%, 

3/19/2027

a

1,915,408

Hyundai

Capital

Services,

Inc.

1,250,000

1.250%, 

2/8/2026

a

1,179,024

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Consumer

Cyclical

(5.7%)

-

continued

Las

Vegas

Sands

Corporation

$

1,565,000

5.900%, 

6/1/2027

$

1,589,858

Lennar

Corporation

1,400,000

4.750%, 

5/30/2025

1,392,415

Marriott

International,

Inc./MD

1,250,000

5.450%, 

9/15/2026

1,267,853

McDonald's

Corporation

1,300,000

4.800%, 

8/14/2028

1,309,655

1,875,000

5.000%, 

5/17/2029

1,908,773

Mercedes-Benz

Finance

North

America,

LLC

1,575,000

5.200%, 

8/3/2026

a

1,588,800

1,250,000

5.100%, 

8/3/2028

a

1,271,160

O'Reilly

Automotive,

Inc.

1,900,000

5.750%, 

11/20/2026

1,937,353

PACCAR

Financial

Corporation

2,125,000

5.000%, 

5/13/2027

2,155,988

1,425,000

4.600%, 

1/31/2029

1,431,573

PulteGroup,

Inc.

2,250,000

5.500%, 

3/1/2026

2,263,709

Starbucks

Corporation

1,900,000

4.850%, 

2/8/2027

1,909,872

Tapestry,

Inc.

630,000

7.050%, 

11/27/2025

642,675

630,000

7.000%, 

11/27/2026

651,359

Toyota

Motor

Credit

Corporation

1,250,000

4.650%, 

1/5/2029

1,256,215

VICI

Properties,

LP/VICI

Note

Company,

Inc.

4,500,000

4.625%, 

6/15/2025

a

4,455,246

Volkswagen

Group

of

America

Finance,

LLC

1,900,000

5.300%, 

3/22/2027

a

1,922,076

Total

73,825,208

Consumer

Non-Cyclical

(5.8%)

AbbVie,

Inc.

2,825,000

4.800%, 

3/15/2027

2,843,758

Altria

Group,

Inc.

1,575,000

4.400%, 

2/14/2026

1,561,254

1,900,000

6.200%, 

11/1/2028

2,002,687

Amgen,

Inc.

1,425,000

5.150%, 

3/2/2028

1,444,452

AstraZeneca

Finance,

LLC

1,900,000

4.800%, 

2/26/2027

1,913,101

BAT

International

Finance

plc

3,000,000

1.668%, 

3/25/2026

2,843,847

1,900,000

5.931%, 

2/2/2029

1,977,087

Becton,

Dickinson

and

Company

2,250,000

4.693%, 

2/13/2028

2,250,510

Campbell

Soup

Company

630,000

5.300%, 

3/20/2026

633,846

Conagra

Brands,

Inc.

2,750,000

4.850%, 

11/1/2028

2,748,304

CVS

Health

Corporation

1,600,000

5.000%, 

2/20/2026

1,599,773

2,500,000

5.400%, 

6/1/2029

2,550,515

General

Mills,

Inc.

1,900,000

5.500%, 

10/17/2028

1,958,321

GSK

Consumer

Healthcare

Capital

US,

LLC

1,900,000

3.375%, 

3/24/2027

1,837,489

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

118

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Consumer

Non-Cyclical

(5.8%)

-

continued

HCA,

Inc.

$

2,750,000

5.875%, 

2/15/2026

$

2,767,176

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Company/JBS

Lux

Company

SARL

3,600,000

2.500%, 

1/15/2027

3,378,541

Kenvue,

Inc.

1,585,000

5.050%, 

3/22/2028

1,615,071

Keurig

Dr

Pepper,

Inc.

2,500,000

5.100%, 

3/15/2027

2,526,727

Kraft

Heinz

Foods

Company

3,500,000

3.000%, 

6/1/2026

3,392,123

Mattel,

Inc.

3,500,000

3.375%, 

4/1/2026

a

3,387,145

McKesson

Corporation

2,000,000

0.900%, 

12/3/2025

1,897,074

Nestle

Holdings,

Inc.

2,525,000

5.000%, 

3/14/2028

a

2,569,437

PepsiCo,

Inc.

2,700,000

4.500%, 

7/17/2029

e

2,723,176

Pfizer

Investment

Enterprises,

Private

Ltd.

1,310,000

4.450%, 

5/19/2026

1,305,069

1,900,000

4.450%, 

5/19/2028

1,895,341

Philip

Morris

International,

Inc.

1,650,000

0.875%, 

5/1/2026

1,541,954

1,250,000

4.750%, 

2/12/2027

1,253,264

1,600,000

4.875%, 

2/15/2028

1,611,157

625,000

4.875%, 

2/13/2029

628,706

Royalty

Pharma

plc

3,825,000

1.200%, 

9/2/2025

3,661,398

2,000,000

5.150%, 

9/2/2029

2,013,585

Stryker

Corporation

4,000,000

3.500%, 

3/15/2026

3,921,378

Universal

Health

Services,

Inc.

2,600,000

1.650%, 

9/1/2026

2,421,915

Zoetis,

Inc.

2,350,000

5.400%, 

11/14/2025

2,362,036

Total

75,037,217

Energy

(4.5%)

Apache

Corporation

1,900,000

4.375%, 

10/15/2028

1,819,993

BP

Capital

Markets

America,

Inc.

2,500,000

5.017%, 

11/17/2027

2,535,134

950,000

4.699%, 

4/10/2029

953,762

Canadian

Natural

Resources,

Ltd.

1,600,000

2.050%, 

7/15/2025

1,550,587

Cheniere

Energy

Partners,

LP

4,000,000

4.500%, 

10/1/2029

3,871,064

Columbia

Pipelines

Holding

Company,

LLC

1,575,000

6.055%, 

8/15/2026

a

1,599,112

1,260,000

6.042%, 

8/15/2028

a

1,309,475

Continental

Resources,

Inc.

4,850,000

2.268%, 

11/15/2026

a

4,568,238

Devon

Energy

Corporation

1,350,000

5.850%, 

12/15/2025

1,361,238

Diamondback

Energy,

Inc.

1,250,000

5.200%, 

4/18/2027

1,263,755

Enbridge,

Inc.

1,900,000

5.900%, 

11/15/2026

1,941,042

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Energy

(4.5%)

-

continued

Energy

Transfer,

LP

$

1,050,000

2.900%, 

5/15/2025

$

1,029,317

1,250,000

6.050%, 

12/1/2026

1,278,078

1,900,000

5.250%, 

7/1/2029

1,920,616

Kinder

Morgan,

Inc.

1,300,000

5.100%, 

8/1/2029

1,313,218

Marathon

Petroleum

Corporation

3,000,000

4.700%, 

5/1/2025

2,983,288

MPLX,

LP

1,500,000

4.875%, 

6/1/2025

1,492,655

1,300,000

1.750%, 

3/1/2026

1,235,603

National

Fuel

Gas

Company

1,297,000

5.200%, 

7/15/2025

1,294,101

1,630,000

5.500%, 

1/15/2026

1,635,034

Occidental

Petroleum

Corporation

3,500,000

5.875%, 

9/1/2025

3,514,228

1,000,000

5.000%, 

8/1/2027

1,003,440

ONEOK

Partners,

LP

2,250,000

4.900%, 

3/15/2025

2,241,541

ONEOK,

Inc.

1,000,000

5.550%, 

11/1/2026

1,013,978

1,000,000

5.650%, 

11/1/2028

1,030,932

Ovintiv,

Inc.

900,000

5.650%, 

5/15/2025

900,655

2,550,000

5.375%, 

1/1/2026

2,552,908

Phillips

66

Company

1,200,000

4.950%, 

12/1/2027

1,210,140

Pioneer

Natural

Resources

Company

2,550,000

1.125%, 

1/15/2026

2,423,133

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

1,625,000

4.650%, 

10/15/2025

1,613,922

Schlumberger

Holdings

Corporation

875,000

5.000%, 

5/29/2027

a

881,500

Transcontinental

Gas

Pipe

Line

Company,

LLC

650,000

7.850%, 

2/1/2026

671,495

Western

Midstream

Operating,

LP

2,500,000

3.100%, 

2/1/2025

2,466,125

Total

58,479,307

Financials

(33.9%)

ABN

AMRO

Bank

NV

1,900,000

6.339%, 

9/18/2027

a,c

1,944,308

AEGON

Funding

Company,

LLC

1,875,000

5.500%, 

4/16/2027

a

1,882,678

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

654,000

1.650%, 

10/29/2024

647,481

2,000,000

6.500%, 

7/15/2025

2,016,761

1,800,000

1.750%, 

1/30/2026

1,712,711

750,000

2.450%, 

10/29/2026

708,517

1,550,000

6.100%, 

1/15/2027

1,587,606

1,665,000

6.450%, 

4/15/2027

1,723,553

Air

Lease

Corporation

2,500,000

0.800%, 

8/18/2024

2,493,993

Aircastle,

Ltd.

3,400,000

5.250%, 

8/11/2025

a

3,382,588

Allstate

Corporation

1,000,000

0.750%, 

12/15/2025

945,462

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

119

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Financials

(33.9%)

-

continued

Ally

Financial,

Inc.

$

4,750,000

5.750%, 

11/20/2025

$

4,766,833

American

Express

Company

2,000,000

5.098%, 

2/16/2028

c

2,010,591

1,000,000

5.043%, 

7/26/2028

c

1,006,747

Aon

North

America,

Inc.

1,900,000

5.125%, 

3/1/2027

1,921,435

Apollo

Debt

Solutions

BDC

2,630,000

6.900%, 

4/13/2029

a

2,698,709

Ares

Capital

Corporation

1,386,000

4.250%, 

3/1/2025

1,373,542

2,000,000

3.875%, 

1/15/2026

1,949,090

1,200,000

2.150%, 

7/15/2026

1,123,064

1,875,000

5.950%, 

7/15/2029

1,880,947

Australia

&

New

Zealand

Banking

Group,

Ltd.

2,110,000

2.950%, 

7/22/2030

a,c

2,056,932

Australia

&

New

Zealand

Banking

Group,

Ltd./New

York,

NY

2,000,000

4.900%, 

7/16/2027

2,021,998

Aviation

Capital

Group,

LLC

2,500,000

4.875%, 

10/1/2025

a

2,481,622

Avolon

Holdings

Funding,

Ltd.

2,150,000

5.500%, 

1/15/2026

a

2,149,337

1,500,000

2.125%, 

2/21/2026

a

1,425,828

650,000

4.250%, 

4/15/2026

a

637,717

Banco

Santander

Mexico

SA

380,000

5.375%, 

4/17/2025

a

378,726

Banco

Santander

SA

2,400,000

5.147%, 

8/18/2025

2,392,983

2,000,000

1.849%, 

3/25/2026

1,895,204

1,000,000

4.175%, 

3/24/2028

c

974,645

2,000,000

5.365%, 

7/15/2028

c

2,018,495

2,000,000

5.588%, 

8/8/2028

2,049,493

Bank

of

America

Corporation

1,375,000

0.981%, 

9/25/2025

c

1,365,229

2,100,000

2.456%, 

10/22/2025

c

2,084,833

3,000,000

1.530%, 

12/6/2025

c

2,958,066

1,650,000

3.384%, 

4/2/2026

c

1,627,920

1,475,000

1.319%, 

6/19/2026

c

1,424,336

2,000,000

4.827%, 

7/22/2026

c

1,990,013

3,500,000

1.734%, 

7/22/2027

c

3,285,366

Bank

of

Montreal

1,885,000

5.266%, 

12/11/2026

1,907,636

3,000,000

5.370%, 

6/4/2027

3,056,622

Bank

of

New

York

Mellon

Corporation

800,000

4.700%, 

9/20/2025

c,f

786,345

1,250,000

6.317%, 

10/25/2029

c

1,325,954

Bank

of

New

Zealand

3,200,000

4.846%, 

2/7/2028

a

3,219,384

Bank

of

Nova

Scotia

1,065,000

4.900%, 

6/4/2025

c,f

1,045,725

2,000,000

5.400%, 

6/4/2027

2,037,060

Barclays

plc

1,900,000

6.496%, 

9/13/2027

c

1,952,654

2,000,000

2.279%, 

11/24/2027

c

1,876,797

950,000

5.674%, 

3/12/2028

c

962,728

BlackRock

Funding,

Inc.

1,600,000

4.600%, 

7/26/2027

1,609,895

950,000

4.700%, 

3/14/2029

960,316

Blackstone

Private

Credit

Fund

3,250,000

2.700%, 

1/15/2025

3,203,973

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Financials

(33.9%)

-

continued

$

1,650,000

4.700%, 

3/24/2025

$

1,635,238

Blackstone

Secured

Lending

Fund

1,725,000

5.875%, 

11/15/2027

1,737,879

Blue

Owl

Capital

Corporation

II

1,250,000

8.450%, 

11/15/2026

a

1,304,127

Blue

Owl

Credit

Income

Corporation

1,100,000

4.700%, 

2/8/2027

1,064,941

Blue

Owl

Technology

Finance

Corporation

2,000,000

4.750%, 

12/15/2025

a

1,950,311

1,250,000

3.750%, 

6/17/2026

a

1,181,482

Blue

Owl

Technology

Finance

Corporation

II

1,725,000

6.750%, 

4/4/2029

a

1,717,149

BNP

Paribas

SA

1,930,000

2.819%, 

11/19/2025

a,c

1,913,331

2,200,000

1.323%, 

1/13/2027

a,c

2,078,583

1,400,000

5.176%, 

1/9/2030

a,c

1,414,968

Boston

Properties,

LP

2,500,000

3.650%, 

2/1/2026

2,430,789

BPCE

SA

1,050,000

2.375%, 

1/14/2025

a

1,035,060

1,750,000

5.975%, 

1/18/2027

a,c

1,765,070

Camden

Property

Trust

1,900,000

5.850%, 

11/3/2026

1,945,894

Canadian

Imperial

Bank

of

Commerce

2,200,000

5.144%, 

4/28/2025

2,198,729

2,000,000

3.945%, 

8/4/2025

1,977,049

1,900,000

5.926%, 

10/2/2026

1,942,142

2,000,000

5.237%, 

6/28/2027

2,025,113

Capital

One

Financial

Corporation

1,250,000

2.636%, 

3/3/2026

c

1,228,270

1,500,000

4.985%, 

7/24/2026

c

1,493,079

Centene

Corporation

3,000,000

4.250%, 

12/15/2027

2,904,592

1,800,000

4.625%, 

12/15/2029

1,732,429

Charles

Schwab

Corporation

600,000

5.375%, 

6/1/2025

c,f

592,978

1,750,000

4.000%, 

6/1/2026

c,f

1,634,220

1,900,000

5.875%, 

8/24/2026

1,935,630

Chubb

INA

Holdings,

LLC

2,750,000

4.650%, 

8/15/2029

2,759,571

Citibank

NA

1,875,000

5.438%, 

4/30/2026

1,892,149

1,600,000

4.929%, 

8/6/2026

g

1,603,751

Citigroup,

Inc.

1,000,000

4.000%, 

12/10/2025

c,f

957,318

2,000,000

3.290%, 

3/17/2026

c

1,972,290

1,075,000

3.106%, 

4/8/2026

c

1,057,847

1,850,000

1.122%, 

1/28/2027

c

1,743,136

1,100,000

5.174%, 

2/13/2030

c

1,112,099

Comerica,

Inc.

665,000

5.625%, 

7/1/2025

c,e,f

650,279

Cooperatieve

Rabobank

UA

1,875,000

1.339%, 

6/24/2026

a,c

1,810,298

COPT

Defense

Properties,

LP

550,000

2.250%, 

3/15/2026

524,553

Corebridge

Financial,

Inc.

2,000,000

3.650%, 

4/5/2027

1,938,778

Credit

Agricole

SA

2,500,000

6.875%, 

9/23/2024

a,c,f

2,498,021

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

120

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Financials

(33.9%)

-

continued

$

1,250,000

1.247%, 

1/26/2027

a,c

$

1,178,261

2,500,000

5.134%, 

3/11/2027

a

2,521,830

1,275,000

6.316%, 

10/3/2029

a,c

1,330,818

Credit

Suisse

Group

AG

810,000

7.500%, 

N/A

*,h

89,100

Danske

Bank

AS

2,000,000

0.976%, 

9/10/2025

a,c

1,989,942

1,000,000

6.466%, 

1/9/2026

a,c

1,004,091

Deutsche

Bank

AG

4,300,000

4.500%, 

4/1/2025

4,264,645

3,000,000

6.000%, 

10/30/2025

c,f

2,874,830

Deutsche

Bank

AG/New

York,

NY

1,450,000

2.129%, 

11/24/2026

c

1,388,931

1,900,000

5.414%, 

5/10/2029

1,938,088

Discover

Bank

1,250,000

2.450%, 

9/12/2024

1,245,232

2,175,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

2,180,536

Elevance

Health,

Inc.

2,000,000

5.350%, 

10/15/2025

2,005,993

EPR

Properties

3,125,000

4.950%, 

4/15/2028

3,058,855

Fifth

Third

Bancorp

2,100,000

2.375%, 

1/28/2025

2,067,184

Fifth

Third

Bank

NA

1,400,000

3.850%, 

3/15/2026

1,368,808

First

Horizon

Bank

2,499,000

5.750%, 

5/1/2030

e

2,455,725

First-Citizens

Bank

&

Trust

Company

2,050,000

6.125%, 

3/9/2028

2,114,936

FS

KKR

Capital

Corporation

1,900,000

4.250%, 

2/14/2025

a

1,881,715

3,000,000

3.400%, 

1/15/2026

2,885,689

GA

Global

Funding

Trust

1,800,000

1.625%, 

1/15/2026

a

1,709,515

GATX

Corporation

1,250,000

5.400%, 

3/15/2027

1,265,515

Goldman

Sachs

Bank

USA/New

York,

NY

1,900,000

5.283%, 

3/18/2027

c

1,907,538

Goldman

Sachs

BDC,

Inc.

950,000

6.375%, 

3/11/2027

971,195

Goldman

Sachs

Group,

Inc.

325,000

4.250%, 

10/21/2025

321,630

2,550,000

0.855%, 

2/12/2026

c

2,487,858

2,000,000

3.800%, 

5/10/2026

c,e,f

1,877,951

2,500,000

3.615%, 

3/15/2028

c

2,420,235

1,900,000

4.482%, 

8/23/2028

c

1,877,265

1,900,000

6.484%, 

10/24/2029

c

2,010,561

Highwoods

Realty,

LP

1,770,000

4.200%, 

4/15/2029

1,660,852

HSBC

Holdings

plc

1,750,000

2.999%, 

3/10/2026

c

1,723,423

1,575,000

1.645%, 

4/18/2026

c

1,533,412

HSBC

USA,

Inc.

1,250,000

5.294%, 

3/4/2027

1,267,562

Huntington

National

Bank

2,000,000

5.699%, 

11/18/2025

c

1,999,476

ING

Groep

NV

500,000

4.625%, 

1/6/2026

a

497,576

2,000,000

1.726%, 

4/1/2027

c

1,892,101

2,000,000

4.017%, 

3/28/2028

c

1,954,647

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Financials

(33.9%)

-

continued

J.P.

Morgan

Chase

&

Company

$

1,500,000

1.561%, 

12/10/2025

c

$

1,479,203

1,200,000

2.005%, 

3/13/2026

c

1,175,478

1,100,000

2.083%, 

4/22/2026

c

1,074,646

2,000,000

3.650%, 

6/1/2026

c,f

1,899,187

3,500,000

1.045%, 

11/19/2026

c

3,319,239

1,275,000

1.040%, 

2/4/2027

c

1,201,433

1,000,000

1.578%, 

4/22/2027

c

943,865

1,850,000

5.571%, 

4/22/2028

c

1,884,679

2,750,000

4.979%, 

7/22/2028

c

2,764,179

1,700,000

4.851%, 

7/25/2028

c

1,702,455

J.P.

Morgan

Chase

Bank

NA

1,250,000

5.110%, 

12/8/2026

1,261,009

KeyBank

NA/Cleveland,

OH

1,500,000

4.700%, 

1/26/2026

1,482,870

KeyCorp

950,000

6.616%, 

(SOFRINDX

+

1.250%),

5/23/2025

c

950,920

Kilroy

Realty,

LP

880,000

3.450%, 

12/15/2024

871,844

2,881,000

4.375%, 

10/1/2025

2,841,196

Lloyds

Banking

Group

plc

350,000

4.582%, 

12/10/2025

346,395

950,000

5.985%, 

8/7/2027

c

966,102

1,875,000

5.462%, 

1/5/2028

c

1,893,665

2,000,000

3.750%, 

3/18/2028

c

1,941,016

M&T

Bank

Corporation

1,750,000

3.500%, 

9/1/2026

c,f

1,508,613

Macquarie

Airfinance

Holdings,

Ltd.

604,000

6.400%, 

3/26/2029

a

619,885

Macquarie

Group,

Ltd.

2,750,000

1.201%, 

10/14/2025

a,c

2,724,848

Manufacturers

&

Traders

Trust

Company

2,000,000

5.400%, 

11/21/2025

2,009,058

2,000,000

4.650%, 

1/27/2026

1,981,490

MassMutual

Global

Funding

II

1,900,000

4.850%, 

1/17/2029

a,e

1,922,995

Met

Tower

Global

Funding

1,900,000

5.400%, 

6/20/2026

a

1,918,182

Metropolitan

Life

Global

Funding

I

1,900,000

5.400%, 

9/12/2028

a

1,954,611

Mitsubishi

UFJ

Financial

Group,

Inc.

1,125,000

2.193%, 

2/25/2025

1,104,996

1,800,000

5.063%, 

9/12/2025

c

1,798,594

Morgan

Stanley

1,700,000

0.864%, 

10/21/2025

c

1,682,083

2,500,000

1.164%, 

10/21/2025

c

2,474,577

2,075,000

5.000%, 

11/24/2025

2,072,883

1,500,000

4.679%, 

7/17/2026

c

1,490,921

2,250,000

6.138%, 

10/16/2026

c

2,275,306

1,500,000

0.985%, 

12/10/2026

c

1,414,867

1,000,000

1.593%, 

5/4/2027

c

942,019

1,875,000

5.652%, 

4/13/2028

c

1,910,388

3,000,000

5.164%, 

4/20/2029

c

3,030,203

785,000

5.449%, 

7/20/2029

c

801,537

Morgan

Stanley

Direct

Lending

Fund

950,000

6.150%, 

5/17/2029

a

949,670

National

Australia

Bank,

Ltd./New

York

3,200,000

5.087%, 

6/11/2027

3,243,008

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

121

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Financials

(33.9%)

-

continued

National

Bank

of

Canada

$

2,700,000

5.600%, 

7/2/2027

c

$

2,728,177

NatWest

Group

plc

1,250,000

5.847%, 

3/2/2027

c

1,262,588

649,000

3.754%, 

11/1/2029

c

645,358

New

York

Life

Global

Funding

1,900,000

4.900%, 

6/13/2028

a

1,917,891

2,500,000

5.000%, 

6/6/2029

a

2,548,267

Nomura

Holdings,

Inc.

2,110,000

2.648%, 

1/16/2025

2,081,756

1,500,000

2.329%, 

1/22/2027

1,405,200

2,700,000

5.594%, 

7/2/2027

2,741,759

Nordea

Bank

Abp

3,300,000

1.500%, 

9/30/2026

a

3,071,394

Northwestern

Mutual

Global

Funding

1,900,000

4.900%, 

6/12/2028

a

1,916,846

Omega

Healthcare

Investors,

Inc.

1,115,000

4.500%, 

1/15/2025

1,108,616

1,630,000

5.250%, 

1/15/2026

1,625,620

Peachtree

Corners

Funding

Trust

1,125,000

3.976%, 

2/15/2025

a

1,111,666

PNC

Financial

Services

Group,

Inc.

2,500,000

3.400%, 

9/15/2026

c,f

2,235,206

2,000,000

4.758%, 

1/26/2027

c

1,988,670

1,250,000

6.615%, 

10/20/2027

c

1,294,563

1,575,000

5.582%, 

6/12/2029

c

1,611,977

Pricoa

Global

Funding

I

2,500,000

5.550%, 

8/28/2026

a

2,538,189

Principal

Life

Global

Funding

II

1,600,000

0.875%, 

1/12/2026

a

1,510,154

1,900,000

5.000%, 

1/16/2027

a

1,911,043

Realty

Income

Corporation

4,000,000

4.625%, 

11/1/2025

3,976,753

546,000

4.875%, 

6/1/2026

545,598

Regions

Financial

Corporation

2,215,000

2.250%, 

5/18/2025

2,158,180

1,200,000

5.722%, 

6/6/2030

c

1,222,152

RGA

Global

Funding

2,500,000

5.448%, 

5/24/2029

a

2,559,591

Royal

Bank

of

Canada

2,100,000

5.069%, 

7/23/2027

c

2,106,798

1,900,000

5.200%, 

8/1/2028

1,943,308

1,250,000

4.950%, 

2/1/2029

1,266,090

Santander

Holdings

USA,

Inc.

400,000

3.450%, 

6/2/2025

393,155

1,750,000

2.490%, 

1/6/2028

c

1,630,994

Santander

UK

Group

Holdings

plc

1,075,000

1.532%, 

8/21/2026

c

1,031,594

Simon

Property

Group,

LP

1,750,000

3.300%, 

1/15/2026

1,709,018

Societe

Generale

SA

2,200,000

2.625%, 

10/16/2024

a

2,184,526

2,000,000

2.226%, 

1/21/2026

a,c

1,966,941

2,000,000

1.488%, 

12/14/2026

a,c

1,893,439

Standard

Chartered

plc

2,000,000

1.822%, 

11/23/2025

a,c

1,976,650

2,100,000

2.608%, 

1/12/2028

a,c

1,972,513

1,250,000

5.688%, 

5/14/2028

a,c

1,266,979

State

Street

Corporation

900,000

5.104%, 

5/18/2026

c

899,744

2,000,000

5.751%, 

11/4/2026

c

2,016,112

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Financials

(33.9%)

-

continued

$

2,200,000

5.684%, 

11/21/2029

c

$

2,285,534

Sumitomo

Mitsui

Financial

Group,

Inc.

1,750,000

0.948%, 

1/12/2026

1,652,546

2,400,000

2.174%, 

1/14/2027

2,253,972

1,900,000

5.716%, 

9/14/2028

1,966,635

Sumitomo

Mitsui

Trust

Bank,

Ltd.

1,900,000

5.650%, 

9/14/2026

a

1,930,419

Synchrony

Financial

1,780,000

4.250%, 

8/15/2024

1,778,797

3,500,000

4.500%, 

7/23/2025

3,459,169

1,000,000

5.935%, 

8/2/2030

c

1,006,162

Synovus

Bank

3,155,000

5.625%, 

2/15/2028

3,121,700

Toronto-Dominion

Bank

1,915,000

5.264%, 

12/11/2026

1,937,460

Truist

Financial

Corporation

825,000

4.950%, 

9/1/2025

c,f

808,602

1,350,000

4.260%, 

7/28/2026

c

1,333,939

1,900,000

1.267%, 

3/2/2027

c

1,786,799

U.S.

Bancorp

2,000,000

5.727%, 

10/21/2026

c

2,014,132

1,000,000

6.787%, 

10/26/2027

c

1,038,414

1,750,000

4.548%, 

7/22/2028

c

1,732,608

950,000

5.384%, 

1/23/2030

c

968,647

2,000,000

5.100%, 

7/23/2030

c

2,017,717

UBS

Group

AG

2,200,000

4.490%, 

8/5/2025

a,c

2,199,804

5,650,000

1.305%, 

2/2/2027

a,c

5,317,610

1,900,000

6.327%, 

12/22/2027

a,c

1,952,379

2,200,000

5.428%, 

2/8/2030

a,c

2,233,551

UnitedHealth

Group,

Inc.

1,350,000

4.750%, 

7/15/2026

1,354,429

Wells

Fargo

&

Company

5,735,000

2.406%, 

10/30/2025

c

5,690,497

2,000,000

3.908%, 

4/25/2026

c

1,978,349

1,500,000

4.540%, 

8/15/2026

c

1,488,395

1,650,000

3.526%, 

3/24/2028

c

1,592,389

1,500,000

5.707%, 

4/22/2028

c

1,529,278

1,900,000

5.574%, 

7/25/2029

c

1,945,611

Wells

Fargo

Bank

NA

1,725,000

5.254%, 

12/11/2026

1,744,917

Westpac

Banking

Corporation

1,900,000

5.200%, 

4/16/2026

1,915,023

1,060,000

2.894%, 

2/4/2030

c

1,044,084

Westpac

New

Zealand,

Ltd.

2,500,000

5.132%, 

2/26/2027

a

2,522,828

1,900,000

4.902%, 

2/15/2028

a

1,910,780

Total

440,841,478

Foreign

Government

(0.3%)

NBN

Company,

Ltd.

2,500,000

0.875%, 

10/8/2024

a

2,478,574

2,000,000

1.450%, 

5/5/2026

a

1,887,332

Total

4,365,906

Mortgage-Backed

Securities

(0.9%)

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

11,800,000

6.000%, 

8/1/2041

g

11,967,330

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

122

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Mortgage-Backed

Securities

(0.9%)

-

continued

$

43,871

5.764%, 

(RFUCCT1Y

+

1.514%),

1/1/2043

c

$

44,202

Total

12,011,532

Technology

(2.6%)

Applied

Materials,

Inc.

1,275,000

4.800%, 

6/15/2029

1,295,844

Broadcom,

Inc.

2,650,000

5.050%, 

7/12/2029

2,682,640

Cisco

Systems,

Inc.

625,000

4.850%, 

2/26/2029

636,647

Dell

International,

LLC/EMC

Corporation

3,000,000

5.850%, 

7/15/2025

3,012,081

Fiserv,

Inc.

1,900,000

5.150%, 

3/15/2027

1,922,264

1,900,000

5.450%, 

3/2/2028

1,944,654

Global

Payments,

Inc.

875,000

2.650%, 

2/15/2025

861,606

Hewlett

Packard

Enterprise

Company

2,525,000

5.900%, 

10/1/2024

2,525,313

Jabil,

Inc.

1,500,000

4.250%, 

5/15/2027

1,473,003

Microchip

Technology,

Inc.

650,000

5.050%, 

3/15/2029

657,234

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

1,605,000

2.700%, 

5/1/2025

1,572,704

Oracle

Corporation

1,195,000

2.500%, 

4/1/2025

1,172,279

3,250,000

2.950%, 

5/15/2025

3,191,690

1,900,000

4.500%, 

5/6/2028

1,891,877

Qorvo,

Inc.

3,700,000

4.375%, 

10/15/2029

3,521,915

Roper

Technologies,

Inc.

825,000

1.000%, 

9/15/2025

788,080

Seagate

HDD

Cayman

1,475,000

4.750%, 

1/1/2025

1,466,049

SK

Hynix,

Inc.

1,250,000

5.500%, 

1/16/2027

a

1,259,731

VeriSign,

Inc.

1,810,000

5.250%, 

4/1/2025

1,808,530

VMware,

LLC

650,000

1.400%, 

8/15/2026

606,259

Total

34,290,400

Transportation

(1.5%)

Air

Canada

3,125,000

3.875%, 

8/15/2026

a

3,005,743

Delta

Air

Lines,

Inc.

2,000,000

7.000%, 

5/1/2025

a

2,017,212

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

1,187,500

4.500%, 

10/20/2025

a

1,181,678

ERAC

USA

Finance,

LLC

1,250,000

5.000%, 

2/15/2029

a

1,270,126

Mileage

Plus

Holdings,

LLC

1,860,000

6.500%, 

6/20/2027

a

1,876,528

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

1,000,000

2.700%, 

11/1/2024

a

992,412

1,000,000

3.950%, 

3/10/2025

a

990,173

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Transportation

(1.5%)

-

continued

$

1,200,000

1.200%, 

11/15/2025

a

$

1,141,677

Southwest

Airlines

Company

1,650,000

5.250%, 

5/4/2025

1,644,557

TTX

Company

2,500,000

5.500%, 

9/25/2026

a

2,531,707

United

Airlines,

Inc.

3,125,000

4.375%, 

4/15/2026

a

3,046,835

Total

19,698,648

U.S.

Government

&

Agencies

(6.4%)

U.S.

Treasury

Notes

12,750,000

4.875%, 

5/31/2026

12,867,539

48,945,000

3.500%, 

1/31/2028

48,124,789

21,860,000

4.000%, 

10/31/2029

21,912,088

Total

82,904,416

Utilities

(4.7%)

AES

Corporation

2,750,000

3.300%, 

7/15/2025

a

2,690,807

Ameren

Corporation

750,000

2.500%, 

9/15/2024

746,663

American

Electric

Power

Company,

Inc.

3,000,000

5.699%, 

8/15/2025

3,011,126

1,425,000

1.000%, 

11/1/2025

1,354,177

1,255,000

5.200%, 

1/15/2029

1,271,466

CenterPoint

Energy,

Inc.

1,250,000

1.450%, 

6/1/2026

1,173,018

1,100,000

5.250%, 

8/10/2026

1,105,655

Constellation

Energy

Generation,

LLC

1,900,000

5.600%, 

3/1/2028

1,951,602

Dominion

Energy,

Inc.

2,350,000

1.450%, 

4/15/2026

2,215,999

DTE

Energy

Company

1,750,000

4.220%, 

11/1/2024

1,741,684

2,100,000

4.950%, 

7/1/2027

g

2,107,754

1,550,000

5.100%, 

3/1/2029

1,564,167

Duke

Energy

Corporation

1,000,000

3.250%, 

1/15/2082

c

906,666

1,085,000

0.900%, 

9/15/2025

1,036,827

2,650,000

5.000%, 

12/8/2025

2,652,892

Enel

Finance

International

NV

2,000,000

6.800%, 

10/14/2025

a

2,042,068

Entergy

Corporation

1,130,000

0.900%, 

9/15/2025

1,080,144

Eversource

Energy

1,575,000

4.750%, 

5/15/2026

1,568,057

1,900,000

5.450%, 

3/1/2028

1,932,848

Exelon

Corporation

1,275,000

5.150%, 

3/15/2028

1,290,813

Georgia

Power

Company

1,900,000

5.004%, 

2/23/2027

1,918,524

1,900,000

4.650%, 

5/16/2028

1,903,720

Jersey

Central

Power

&

Light

Company

1,500,000

4.300%, 

1/15/2026

a

1,483,027

National

Rural

Utilities

Cooperative

Finance

Corporation

1,900,000

5.100%, 

5/6/2027

1,928,993

1,900,000

4.800%, 

3/15/2028

1,908,973

637,000

8.427%, 

(TSFR3M

+

3.172%),

4/30/2043

c

637,916

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

123

Principal

Amount

Long-Term

Fixed

Income

(99.3%)

Value

Utilities

(4.7%)

-

continued

NextEra

Energy

Capital

Holdings,

Inc.

$

2,000,000

5.749%, 

9/1/2025

$

2,013,843

NiSource,

Inc.

1,080,000

0.950%, 

8/15/2025

1,034,750

Pacific

Gas

and

Electric

Company

1,900,000

5.550%, 

5/15/2029

1,940,698

Sempra

3,250,000

3.300%, 

4/1/2025

3,203,144

Southern

California

Edison

Company

2,350,000

4.875%, 

2/1/2027

2,358,554

Southern

Company

1,100,000

4.000%, 

1/15/2051

c

1,068,408

1,250,000

3.750%, 

9/15/2051

c

1,178,471

Vistra

Operations

Company,

LLC

3,000,000

5.125%, 

5/13/2025

a

2,984,937

WEC

Energy

Group,

Inc.

1,900,000

5.600%, 

9/12/2026

1,926,750

Total

60,935,141

Total

Long-Term

Fixed

Income

(cost

$1,303,913,447)

1,291,789,866

Shares

Collateral

Held

for

Securities

Loaned

(

0.6%

)

Value

8,118,433

Thrivent

Cash

Management

Trust

8,118,433

Total

Collateral

Held

for

Securities

Loaned

(cost

$8,118,433)

8,118,433

Shares

Preferred

Stock

(

0.1%

)

Value

Financials

(0.1%)

54,000

Citigroup

Capital

XIII,

11.887%

c

1,575,180

Total

1,575,180

Total

Preferred

Stock

(cost

$1,490,400)

1,575,180

Shares

or

Principal

Amount

Short-Term

Investments

(

1.6%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

4,775,000

5.250%,

8/1/2024

i

4,774,303

5,000,000

5.270%,

8/21/2024

i,j

4,984,673

Federal

Home

Loan

Mortgage

Corporation

Discount

Notes

10,500,000

5.260%,

9/19/2024

i

10,423,510

Total

Short-Term

Investments

(cost

$20,185,187)

20,182,486

Total

Investments

(cost

$1,333,707,467)

101.6%

$1,321,665,965

Other

Assets

and

Liabilities,

Net

(1.6%)

(20,444,939)

Total

Net

Assets

100.0%

$1,301,221,026

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$529,473,987

or

40.7%

of

total

net

assets.

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

July

31,

2024.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

e

All

or

a

portion

of

the

security

is

on

loan.

f

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

g

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

h

Defaulted

security.  Interest

is

not

being

accrued.

i

The

interest

rate

shown

reflects

the

yield.

j

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Limited

Maturity

Bond

Fund

as

of

July

31,

2024

was

$89,100

or

0.01%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG 

12/4/2013

$

810,000

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Limited

Maturity

Bond

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

7,927,618

Total

lending

$7,927,618

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$8,118,433

Net

amounts

due

to

counterparty

$190,815

Definitions:

CLO

-

Collateralized

Loan

Obligation

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

Ser.

-

Series

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

124

Reference

Rate

Index:

CMT

1Y

-

Constant

Maturity

Treasury

Yield

1

Year

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

RFUCCT1Y

-

Refinitiv

USD

IBOR

Consumer

Cash

Fallbacks

Term

1

Year

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

SOFRINDX

-

Secured

Overnight

Financing

Rate

Compounded

Index

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

125

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Limited

Maturity

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

208,003,439

–

208,003,439

–

Basic

Materials

24,218,569

–

24,218,569

–

Capital

Goods

39,744,141

–

39,744,141

–

Collateralized

Mortgage

Obligations

121,255,106

–

121,255,106

–

Commercial

Mortgage-Backed

Securities

1,757,369

–

1,757,369

–

Communications

Services

34,421,989

–

34,421,989

–

Consumer

Cyclical

73,825,208

–

73,825,208

–

Consumer

Non-Cyclical

75,037,217

–

75,037,217

–

Energy

58,479,307

–

58,479,307

–

Financials

440,841,478

–

440,841,478

–

Foreign

Government

4,365,906

–

4,365,906

–

Mortgage-Backed

Securities

12,011,532

–

12,011,532

–

Technology

34,290,400

–

34,290,400

–

Transportation

19,698,648

–

19,698,648

–

U.S.

Government

&

Agencies

82,904,416

–

82,904,416

–

Utilities

60,935,141

–

60,935,141

–

Preferred

Stock

Financials

1,575,180

1,575,180

–

–

Short-Term

Investments

20,182,486

–

20,182,486

–

Subtotal

Investments

in

Securities

$1,313,547,532

$1,575,180

$1,311,972,352

$–

Other

Investments  *

Total

Collateral

Held

for

Securities

Loaned

8,118,433

Subtotal

Other

Investments

$8,118,433

Total

Investments

at

Value

$1,321,665,965

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

  The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

for

the

Fund.

Thrivent

Cash

Management

Trust

is

established

solely

for

investment

by

Thrivent

entities.

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Limited

Maturity

Bond

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

$3,556

$67,541

$62,979

$8,118

8,118

0.6%

Total

Collateral

Held

for

Securities

Loaned

3,556

8,118

0.6

Total

Value

$3,556

$8,118

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

$–

$–

–

$34

Total

Affiliated

Income

from

Securities

Loaned,

Net

$34

Total

$–

$–

$–

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

126

Shares

Common

Stock

(

90.9%

)

Value

Communications

Services

(9.7%)

456

Alphabet,

Inc.,

Class

C

$

78,957

11,813

AT&T,

Inc.

227,400

251,000

CITIC

Telecom

International

Holdings,

Ltd.

66,884

7,790

Deutsche

Telekom

AG

203,767

1,840

Electronic

Arts,

Inc.

277,730

1,100

KDDI

Corporation

33,099

69,135

Koninklijke

(Royal)

KPN

NV

272,405

300,700

Nippon

Telegraph

and

Telephone

Corporation

320,460

260

Swisscom

AG

159,131

735

T-Mobile

US,

Inc.

133,976

11,860

Verizon

Communications,

Inc.

480,567

Total

2,254,376

Consumer

Discretionary

(5.0%)

823

Dollarama,

Inc.

77,153

2,047

Europris

ASA

a

12,214

19,700

Heiwa

Corporation

282,625

1,522

McDonald's

Corporation

403,939

86

Next

plc

10,051

215

O'Reilly

Automotive,

Inc.

b

242,163

5,000

Sekisui

House,

Ltd.

c

125,282

11,500

Yue

Yuen

Industrial

Holdings,

Ltd.

18,773

Total

1,172,200

Consumer

Staples

(9.9%)

1,477

AAK

AB

42,504

4,374

Alimentation

Couche-Tard,

Inc.

269,635

486

Church

&

Dwight

Company,

Inc.

47,633

2,017

Coca-Cola

Company

134,615

4,540

Colgate-Palmolive

Company

450,323

1,477

Kimberly-Clark

Corporation

199,469

6,832

Koninklijke

Ahold

Delhaize

NV

220,094

2,054

Kroger

Company

111,943

1

Lindt

&

Spruengli

AG

12,534

358

Loblaw

Companies,

Ltd.

44,145

4,647

Mondelez

International,

Inc.

317,622

276

PepsiCo,

Inc.

47,657

988

Procter

&

Gamble

Company

158,831

3,649

Walmart,

Inc.

250,467

Total

2,307,472

Energy

(1.6%)

16,100

Eneos

Holdings,

Inc.

84,357

203

Gaztransport

Et

Technigaz

SA

29,911

11,605

Repsol

SA

165,521

1,164

Shell

plc

42,444

976

Suncor

Energy,

Inc.

38,979

28

Targa

Resources

Corporation

3,788

Total

365,000

Financials

(15.7%)

37

Allstate

Corporation

6,332

449

Aon

plc

147,501

232

Bank

Hapoalim

BM

2,129

372

Berkshire

Hathaway,

Inc.

b

163,122

2,719

Brown

&

Brown,

Inc.

270,350

1,941

Cboe

Global

Markets,

Inc.

356,193

512

Chubb,

Ltd.

141,138

1,264

CME

Group,

Inc.

244,849

200

DBS

Group

Holdings,

Ltd.

5,481

290

Deutsche

Boerse

AG

59,383

4,023

DNB

Bank

ASA

83,115

14

First

Citizens

BancShares,

Inc./NC

29,228

Shares

Common

Stock

(90.9%)

Value

Financials

(15.7%)

-

continued

2,315

Hartford

Financial

Services

Group,

Inc.

$

256,780

740

Intercontinental

Exchange,

Inc.

112,154

30,000

Japan

Post

Holdings

Company,

Ltd.

317,714

404

LPL

Financial

Holdings,

Inc.

89,494

1,923

Marsh

&

McLennan

Companies,

Inc.

428,002

90

Mastercard,

Inc.

41,734

6,474

Mediobanca

SPA

105,094

10,700

Mizuho

Financial

Group,

Inc.

244,604

352

Nasdaq,

Inc.

23,823

1,359

Progressive

Corporation

290,989

5,800

Sumitomo

Mitsui

Trust

Holdings,

Inc.

146,606

458

Tradeweb

Markets,

Inc.

51,149

108

Visa,

Inc.

28,692

Total

3,645,656

Health

Care

(16.9%)

160

Abbott

Laboratories

16,950

1,232

AbbVie,

Inc.

228,314

405

Amgen,

Inc.

134,650

1,426

Boston

Scientific

Corporation

b

105,353

135

Eli

Lilly

&

Company

108,576

2,689

Galenica

AG

a

233,885

4,615

Gilead

Sciences,

Inc.

351,017

1,765

Johnson

&

Johnson

278,605

7,200

Kaken

Pharmaceutical

Company,

Ltd.

195,957

2,699

Laboratorios

Farmaceuticos

ROVI

SA

259,683

307

McKesson

Corporation

189,425

7,400

Medipal

Holdings

Corporation

133,572

2,768

Merck

&

Company,

Inc.

313,144

5,078

Novartis

AG

566,846

195

Novo

Nordisk

AS

25,836

854

Pfizer,

Inc.

26,081

116

Regeneron

Pharmaceuticals,

Inc.

b

125,186

3,500

Takeda

Pharmaceutical

Company,

Ltd.

98,260

223

UnitedHealth

Group,

Inc.

128,484

836

Vertex

Pharmaceuticals,

Inc.

b

414,422

Total

3,934,246

Industrials

(8.8%)

878

ABB,

Ltd.

48,735

458

AMETEK,

Inc.

79,454

430

Automatic

Data

Processing,

Inc.

112,927

3,000

CK

Hutchison

Holdings,

Ltd.

15,672

190,600

ComfortDelGro

Corporation,

Ltd.

199,962

1,648

CSX

Corporation

57,845

1,118

Fastenal

Company

79,099

160

Flughafen

Zurich

AG

37,029

561

Leidos

Holdings,

Inc.

81,008

359

Lockheed

Martin

Corporation

194,549

1,639

Republic

Services,

Inc.

318,490

5,000

Seino

Holdings

Company,

Ltd.

78,254

518

Thomson

Reuters

Corporation

83,948

8

W.W.

Grainger,

Inc.

7,815

204

Wabtec

Corporation

32,875

424

Waste

Connections,

Inc.

75,374

1,939

Waste

Management,

Inc.

392,958

609

Wolters

Kluwer

NV

101,952

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

127

Shares

Common

Stock

(90.9%)

Value

Industrials

(8.8%)

-

continued

19,200

Yangzijiang

Shipbuilding

Holdings,

Ltd.

$

38,712

Total

2,036,658

Information

Technology

(15.7%)

305

Accenture

plc

100,839

2,287

Amphenol

Corporation

146,963

314

Apple,

Inc.

69,733

1,200

ASMPT,

Ltd.

12,547

348

Cadence

Design

Systems,

Inc.

b

93,146

850

Check

Point

Software

Technologies,

Ltd.

b

155,932

9,628

Cisco

Systems,

Inc.

466,477

60

Constellation

Software,

Inc./

Canada

189,315

1,056

Indra

Sistemas

SA

21,177

36

INFICON

Holding

AG

53,679

167

International

Business

Machines

Corporation

32,087

18

Intuit,

Inc.

11,652

1,082

Keysight

Technologies,

Inc.

b

151,015

27,200

Kyocera

Corporation

342,583

632

Microsoft

Corporation

264,397

1,502

Motorola

Solutions,

Inc.

599,178

439

Roper

Industries,

Inc.

239,145

69

ServiceNow,

Inc.

b

56,193

1,219

TE

Connectivity,

Ltd.

188,128

5,068

Technology

One,

Ltd.

68,461

650

Texas

Instruments,

Inc.

132,476

1,333

VeriSign,

Inc.

b

249,284

Total

3,644,407

Materials

(2.3%)

4,071

Buzzi

SPA

159,600

243

Ecolab,

Inc.

56,058

15

Givaudan

SA

73,591

2,700

Holcim

AG

252,316

Total

541,565

Real

Estate

(0.4%)

649

PSP

Swiss

Property

AG

86,727

500

Sun

Hung

Kai

Properties,

Ltd.

4,329

Total

91,056

Utilities

(4.9%)

15,500

CLP

Holdings,

Ltd.

133,031

577

Dominion

Energy,

Inc.

30,846

86

Edison

International

6,881

3,710

Evergy,

Inc.

215,180

1,519

Eversource

Energy

98,598

2,195

EVN

AG

71,745

2,080

Fortum

Oyj

31,984

1,170

PNM

Resources,

Inc.

48,649

1,561

Portland

General

Electric

Company

73,960

33

Southern

Company

2,756

4,268

UGI

Corporation

105,761

5,309

Xcel

Energy,

Inc.

309,409

Total

1,128,800

Total

Common

Stock

(cost

$17,691,280)

21,121,436

Shares

Collateral

Held

for

Securities

Loaned

(

0.6%

)

Value

128,500

Thrivent

Cash

Management

Trust

$

128,500

Total

Collateral

Held

for

Securities

Loaned

(cost

$128,500)

128,500

Shares

Short-Term

Investments

(

8.6%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

199,393

5.600%

1,993,926

Total

Short-Term

Investments

(cost

$1,993,926)

1,993,926

Total

Investments

(cost

$19,813,706)

100.1%

$23,243,862

Other

Assets

and

Liabilities,

Net

(0.1%)

(14,283)

Total

Net

Assets

100.0%

$23,229,579

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$246,099

or

1.1%

of

total

net

assets.

b

Non-income

producing

security.

c

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Low

Volatility

Equity

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Common

Stock

$

125,282

Total

lending

$125,282

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$128,500

Net

amounts

due

to

counterparty

$3,218

Definitions:

plc

-

Public

Limited

Company

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

128

Reference

Description:

MSCI

-

Morgan

Stanley

Capital

International

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Low

Volatility

Equity

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

2,254,376

1,198,630

1,055,746

–

Consumer

Discretionary

1,172,200

646,102

526,098

–

Consumer

Staples

2,307,472

1,718,560

588,912

–

Energy

365,000

3,788

361,212

–

Financials

3,645,656

2,681,530

964,126

–

Health

Care

3,934,246

2,420,207

1,514,039

–

Industrials

2,036,658

1,432,394

604,264

–

Information

Technology

3,644,407

2,956,645

687,762

–

Materials

541,565

56,058

485,507

–

Real

Estate

91,056

–

91,056

–

Utilities

1,128,800

892,040

236,760

–

Subtotal

Investments

in

Securities

$21,121,436

$14,005,954

$7,115,482

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

1,993,926

Collateral

Held

for

Securities

Loaned

128,500

Subtotal

Other

Investments

$2,122,426

Total

Investments

at

Value

$23,243,862

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Low

Volatility

Equity

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

17,118

17,118

–

–

Total

Asset

Derivatives

$17,118

$17,118

$–

$–

The

following

table

presents

Low

Volatility

Equity

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$117,971

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

Eurex

MSCI

World

Index

13

September

2024

$

1,456,042

$

17,118

Total

Futures

Long

Contracts

$

1,456,042

$

17,118

Total

Futures

Contracts

$

1,456,042

$17,118

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

129

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Low

Volatility

Equity

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$483

$7,739

$6,228

$1,994

199

8.6%

Total

Affiliated

Short-Term

Investments

483

1,994

8.6

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

648

519

129

129

0.6

Total

Collateral

Held

for

Securities

Loaned

–

129

0.6

Total

Value

$483

$2,123

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$32

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$32

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

1

Total

Affiliated

Income

from

Securities

Loaned,

Net

$1

Total

$–

$–

$–

Mid

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

130

Shares

Common

Stock

(

98.7%

)

Value

Communications

Services

(3.3%)

14,080

Cargurus,

Inc.

a

$

349,466

11,331

Pinterest,

Inc.

a

362,025

4,481

Trade

Desk,

Inc.

a

402,752

Total

1,114,243

Consumer

Discretionary

(11.0%)

7,178

Chipotle

Mexican

Grill,

Inc.

a

389,909

412

Deckers

Outdoor

Corporation

a

380,124

5,498

DraftKings,

Inc.

a

203,151

1,044

Lululemon

Athletica,

Inc.

a

270,041

50

NVR,

Inc.

a

430,374

1,132

Pool

Corporation

423,413

2,931

Ross

Stores,

Inc.

419,807

6,128

SharkNinja,

Inc.

470,937

3,808

Skyline

Champion

Corporation

a

310,390

4,981

Wyndham

Hotels

&

Resorts,

Inc.

377,161

Total

3,675,307

Consumer

Staples

(3.1%)

6,522

Celsius

Holdings,

Inc.

a

305,425

2,155

J

&

J

Snack

Foods

Corporation

363,549

1,850

Lancaster

Colony

Corporation

357,161

Total

1,026,135

Energy

(2.2%)

4,262

Matador

Resources

Company

262,028

16,149

TechnipFMC

plc

476,395

Total

738,423

Financials

(10.1%)

1,353

Arthur

J.

Gallagher

&

Company

383,562

2,462

Houlihan

Lokey,

Inc.

369,915

1,949

Jack

Henry

&

Associates,

Inc.

334,214

996

Kinsale

Capital

Group,

Inc.

455,242

865

MSCI,

Inc.

467,757

3,807

Northern

Trust

Corporation

337,491

8,332

TPG,

Inc.

424,849

3,820

Tradeweb

Markets,

Inc.

426,618

2,079

Western

Alliance

Bancorp

167,276

Total

3,366,924

Health

Care

(16.4%)

1,276

Align

Technology,

Inc.

a

295,879

1,754

Arcellx,

Inc.

a

108,415

539

Argenx

SE

ADR

a

278,054

1,120

Ascendis

Pharma

AS

ADR

a

149,520

11,546

Avantor,

Inc.

a

308,856

6,275

Bio-Techne

Corporation

511,977

1,418

Cencora,

Inc.

337,314

799

Chemed

Corporation

455,558

4,564

Dexcom,

Inc.

a

309,530

2,355

Edwards

Lifesciences

Corporation

a

148,483

1,367

ICON

plc

a

448,977

905

IDEXX

Laboratories,

Inc.

a

430,889

2,556

Immunocore

Holdings

plc

ADR

a

101,473

3,329

Legend

Biotech

Corporation

ADR

a

187,722

2,487

Repligen

Corporation

a

416,199

1,550

Sarepta

Therapeutics,

Inc.

a

220,472

2,441

Veeva

Systems,

Inc.

a

468,501

1,702

Zoetis,

Inc.

306,428

Total

5,484,247

Industrials

(20.8%)

3,259

Advanced

Drainage

Systems,

Inc.

576,973

Shares

Common

Stock

(98.7%)

Value

Industrials

(20.8%)

-

continued

2,920

BWX

Technologies,

Inc.

$

290,511

503

Carlisle

Companies,

Inc.

210,546

1,567

Clean

Harbors,

Inc.

a

374,090

1,031

EMCOR

Group,

Inc.

387,079

13,617

ExlService

Holdings,

Inc.

a

480,135

5,916

Fastenal

Company

418,557

8,486

Howmet

Aerospace,

Inc.

812,110

1,715

IDEX

Corporation

357,543

5,999

nVent

Electric

plc

435,707

2,249

Old

Dominion

Freight

Line,

Inc.

472,695

2,273

Regal

Rexnord

Corporation

365,226

1,150

Rockwell

Automation,

Inc.

320,448

561

Saia,

Inc.

a

234,414

5,178

TransUnion

467,366

1,979

Waste

Connections,

Inc.

351,807

876

Watsco,

Inc.

428,793

Total

6,984,000

Information

Technology

(26.3%)

8,976

Amphenol

Corporation

576,798

1,423

Arista

Networks,

Inc.

a

493,141

1,151

CyberArk

Software,

Ltd.

a

295,093

6,472

Dynatrace

Holdings,

LLC

a

284,250

1,157

Enphase

Energy,

Inc.

a

133,182

945

Gartner,

Inc.

a

473,625

6,601

Gitlab,

Inc.

a

338,169

1,753

Globant

SA

a

341,327

3,394

Guidewire

Software,

Inc.

a

509,338

874

HubSpot,

Inc.

a

434,404

8,041

JFrog,

Ltd.

a

310,061

445

Lam

Research

Corporation

409,952

8,569

Lattice

Semiconductor

Corporation

a

454,157

5,682

Marvell

Technology,

Inc.

380,580

1,705

MongoDB,

Inc.

a

430,274

783

Monolithic

Power

Systems,

Inc.

675,800

1,316

Palo

Alto

Networks,

Inc.

a

427,345

2,971

PTC,

Inc.

a

528,392

772

Synopsys,

Inc.

a

431,023

6,934

Trimble,

Inc.

a

378,180

894

Tyler

Technologies,

Inc.

a

507,890

Total

8,812,981

Materials

(2.1%)

673

Martin

Marietta

Materials,

Inc.

399,325

2,557

RPM

International,

Inc.

310,573

Total

709,898

Real

Estate

(2.9%)

2,383

CBRE

Group,

Inc.

a

268,588

5,197

CoStar

Group,

Inc.

a

405,470

1,402

SBA

Communications

Corporation

307,795

Total

981,853

Utilities

(0.5%)

2,075

Vistra

Energy

Corporation

164,382

Total

164,382

Total

Common

Stock

(cost

$26,884,742)

33,058,393

Mid

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

131

Shares

Registered

Investment

Companies

(

0.9%

)

Value

U.S.

Unaffiliated  (0.9%)

2,177

SPDR

S&P

Biotech

ETF

b

$

215,654

593

SPDR

S&P

Oil

&

Gas

Exploration

ETF

b

86,809

Total

302,463

Total

Registered

Investment

Companies

(cost

$241,857)

302,463

Shares

Collateral

Held

for

Securities

Loaned

(

0.8%

)

Value

276,125

Thrivent

Cash

Management

Trust

276,125

Total

Collateral

Held

for

Securities

Loaned

(cost

$276,125)

276,125

Shares

Short-Term

Investments

(

0.7%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

23,891

5.600%

238,907

Total

Short-Term

Investments

(cost

$238,907)

238,907

Total

Investments

(cost

$27,641,631)

101.1%

$33,875,888

Other

Assets

and

Liabilities,

Net

(1.1%)

(381,946)

Total

Net

Assets

100.0%

$33,493,942

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Mid

Cap

Growth

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Common

Stock

$

271,315

Total

lending

$271,315

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$276,125

Net

amounts

due

to

counterparty

$4,810

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Mid

Cap

Growth

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

1,114,243

1,114,243

–

–

Consumer

Discretionary

3,675,307

3,675,307

–

–

Consumer

Staples

1,026,135

1,026,135

–

–

Energy

738,423

738,423

–

–

Financials

3,366,924

3,366,924

–

–

Health

Care

5,484,247

5,484,247

–

–

Industrials

6,984,000

6,984,000

–

–

Information

Technology

8,812,981

8,812,981

–

–

Materials

709,898

709,898

–

–

Real

Estate

981,853

981,853

–

–

Utilities

164,382

164,382

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

302,463

302,463

–

–

Subtotal

Investments

in

Securities

$33,360,856

$33,360,856

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

238,907

Collateral

Held

for

Securities

Loaned

276,125

Subtotal

Other

Investments

$515,032

Total

Investments

at

Value

$33,875,888

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Mid

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

132

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Growth

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$543

$7,798

$8,102

$239

24

0.7%

Total

Affiliated

Short-Term

Investments

543

239

0.7

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

297

5,888

5,909

276

276

0.8

Total

Collateral

Held

for

Securities

Loaned

297

276

0.8

Total

Value

$840

$515

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$20

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$20

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

1

Total

Affiliated

Income

from

Securities

Loaned,

Net

$1

Total

$–

$–

$–

Mid

Cap

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

133

Shares

Common

Stock

(

97.9%

)

Value

Consumer

Discretionary

(11.5%)

513,945

Crocs,

Inc.

a

$

69,058,790

457,972

Garmin,

Ltd.

78,427,705

144,377

Lululemon

Athletica,

Inc.

a

37,344,555

1,844,210

Mobileye

Global,

Inc.

a

38,728,410

19,357

NVR,

Inc.

a

166,614,990

1,042,107

Skyline

Champion

Corporation

a

84,942,141

Total

475,116,591

Consumer

Staples

(3.4%)

550,174

BJ's

Wholesale

Club

Holdings,

Inc.

a

48,393,305

105,462

Casey's

General

Stores,

Inc.

40,902,382

869,394

Tyson

Foods,

Inc.

52,946,095

Total

142,241,782

Energy

(5.3%)

1,125,855

Chesapeake

Energy

Corporation

85,936,512

1,698,467

Devon

Energy

Corporation

79,878,903

2,493,191

NOV,

Inc.

51,908,237

Total

217,723,652

Financials

(16.9%)

1,805,622

Ally

Financial,

Inc.

81,271,046

138,602

Ameriprise

Financial,

Inc.

59,608,562

1,060,565

Arch

Capital

Group,

Ltd.

a

101,580,916

262,387

Kinsale

Capital

Group,

Inc.

119,929,226

720,548

Northern

Trust

Corporation

63,876,580

1,703,038

Radian

Group,

Inc.

63,182,710

505,833

Tradeweb

Markets,

Inc.

56,491,430

985,115

Western

Alliance

Bancorp

79,262,353

1,467,851

Zions

Bancorp

NA

75,843,861

Total

701,046,684

Health

Care

(8.4%)

170,223

Align

Technology,

Inc.

a

39,471,309

787,602

AMN

Healthcare

Services,

Inc.

a

53,257,647

187,692

Charles

River

Laboratories

International,

Inc.

a

45,815,617

697,592

Edwards

Lifesciences

Corporation

a

43,983,176

191,129

Humana,

Inc.

69,114,158

1,619,648

Option

Care

Health,

Inc.

a

48,087,349

325,998

Sarepta

Therapeutics,

Inc.

a

46,369,956

Total

346,099,212

Industrials

(21.6%)

707,977

Advanced

Drainage

Systems,

Inc.

125,340,248

156,051

Axon

Enterprise,

Inc.

a

46,816,861

442,008

Expeditors

International

of

Washington,

Inc.

55,171,439

1,237,283

Fastenal

Company

87,537,772

908,213

Howmet

Aerospace,

Inc.

86,915,984

263,891

Lincoln

Electric

Holdings,

Inc.

54,205,850

333,130

Old

Dominion

Freight

Line,

Inc.

70,017,263

289,280

Quanta

Services,

Inc.

76,769,126

222,124

Rockwell

Automation,

Inc.

61,894,853

1,006,130

Timken

Company

87,483,004

186,649

United

Rentals,

Inc.

141,311,958

Total

893,464,358

Information

Technology

(13.3%)

1,112,900

Ciena

Corporation

a

58,694,346

435,891

Datadog,

Inc.

a

50,755,148

1,263,563

DocuSign,

Inc.

a

70,102,475

454,910

Enphase

Energy,

Inc.

a

52,364,690

Shares

Common

Stock

(97.9%)

Value

Information

Technology

(13.3%)

-

continued

211,563

MongoDB,

Inc.

a

$

53,390,039

587,239

ON

Semiconductor

Corporation

a

45,951,452

518,329

Qorvo,

Inc.

a

62,095,814

1,888,845

Trimble,

Inc.

a

103,017,606

944,840

Varonis

Systems,

Inc.

a

52,089,029

Total

548,460,599

Materials

(6.0%)

369,056

Albemarle

Corporation

34,569,475

658,659

Ball

Corporation

42,042,204

368,818

Celanese

Corporation

52,058,661

887,736

Steel

Dynamics,

Inc.

118,264,190

Total

246,934,530

Real

Estate

(4.9%)

582,208

Alexandria

Real

Estate

Equities,

Inc.

68,287,176

262,136

Extra

Space

Storage,

Inc.

41,842,148

417,236

SBA

Communications

Corporation

91,599,992

Total

201,729,316

Utilities

(6.6%)

1,356,927

Alliant

Energy

Corporation

75,526,557

2,347,859

CenterPoint

Energy,

Inc.

65,153,087

2,584,247

NiSource,

Inc.

80,757,719

637,483

Vistra

Energy

Corporation

50,501,403

Total

271,938,766

Total

Common

Stock

(cost

$2,896,480,300)

4,044,755,490

Shares

Short-Term

Investments

(

2.2%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

8,991,793

5.600%

89,917,931

Total

Short-Term

Investments

(cost

$89,889,793)

89,917,931

Total

Investments

(cost

$2,986,370,093)

100.1%

$4,134,673,421

Other

Assets

and

Liabilities,

Net

(0.1%)

(2,675,427)

Total

Net

Assets

100.0%

$4,131,997,994

a

Non-income

producing

security.

Mid

Cap

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

134

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Mid

Cap

Stock

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Consumer

Discretionary

475,116,591

475,116,591

–

–

Consumer

Staples

142,241,782

142,241,782

–

–

Energy

217,723,652

217,723,652

–

–

Financials

701,046,684

701,046,684

–

–

Health

Care

346,099,212

346,099,212

–

–

Industrials

893,464,358

893,464,358

–

–

Information

Technology

548,460,599

548,460,599

–

–

Materials

246,934,530

246,934,530

–

–

Real

Estate

201,729,316

201,729,316

–

–

Utilities

271,938,766

271,938,766

–

–

Subtotal

Investments

in

Securities

$4,044,755,490

$4,044,755,490

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

89,917,931

Subtotal

Other

Investments

$89,917,931

Total

Investments

at

Value

$4,134,673,421

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Stock

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$169,310

$456,805

$536,197

$89,918

8,992

2.2%

Total

Affiliated

Short-Term

Investments

169,310

89,918

2.2

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

142,315

142,315

–

–

–

Total

Collateral

Held

for

Securities

Loaned

–

–

–

Total

Value

$169,310

$89,918

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$4,890

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$4,890

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

5

Total

Affiliated

Income

from

Securities

Loaned,

Net

$5

Total

$–

$–

$–

Mid

Cap

Value

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

135

Shares

Common

Stock

(

97.3%

)

Value

Communications

Services

(2.6%)

42,064

Imax

Corporation

a

$

887,551

23,559

Warner

Brothers

Discovery,

Inc.

a

203,785

Total

1,091,336

Consumer

Discretionary

(10.0%)

12,638

Cheesecake

Factory,

Inc.

491,492

3,542

D.R.

Horton,

Inc.

637,312

5,942

Lear

Corporation

725,162

7,296

PUMA

SE

362,051

3,970

Signet

Jewelers,

Ltd.

333,996

9,437

Six

Flags

Entertainment

Corporation

449,484

8,147

Tapestry,

Inc.

326,613

5,821

Wyndham

Hotels

&

Resorts,

Inc.

440,766

16,026

Yum

China

Holding,

Inc.

484,626

Total

4,251,502

Consumer

Staples

(5.4%)

3,464

Dollar

Tree,

Inc.

a

361,434

3,506

J

&

J

Snack

Foods

Corporation

591,462

4,065

J.M.

Smucker

Company

479,467

4,040

Lamb

Weston

Holdings,

Inc.

242,481

8,225

Sysco

Corporation

630,446

Total

2,305,290

Energy

(7.4%)

7,142

Chesapeake

Energy

Corporation

545,149

24,922

Coterra

Energy,

Inc.

642,988

13,664

Devon

Energy

Corporation

642,618

18,093

Enterprise

Products

Partners,

LP

522,164

5,511

Helmerich

&

Payne,

Inc.

222,755

1,176

Marathon

Petroleum

Corporation

208,175

7,552

Noble

Corporation

plc

356,605

Total

3,140,454

Financials

(18.2%)

4,184

Allstate

Corporation

715,966

3,441

Capital

One

Financial

Corporation

520,967

17,355

Carlyle

Group,

Inc.

863,238

10,081

Charles

Schwab

Corporation

657,180

6,733

Comerica,

Inc.

369,036

11,455

Equitable

Holdings,

Inc.

499,553

3,651

M&T

Bank

Corporation

628,593

8,334

Selective

Insurance

Group,

Inc.

752,727

10,523

Texas

Capital

Bancshares,

Inc.

a

695,570

21,806

U.S.

Bancorp

978,653

5,696

Voya

Financial,

Inc.

414,270

6,049

Wintrust

Financial

Corporation

654,502

Total

7,750,255

Health

Care

(9.3%)

25,800

Avantor,

Inc.

a

690,150

16,101

Baxter

International,

Inc.

576,738

2,189

Humana,

Inc.

791,565

4,112

Johnson

&

Johnson

649,079

2,489

Labcorp

Holdings,

Inc.

536,230

4,157

Sanofi

SA

ADR

215,374

2,328

Universal

Health

Services,

Inc.

497,633

Total

3,956,769

Industrials

(16.5%)

4,464

AGCO

Corporation

421,491

11,867

Barnes

Group,

Inc.

478,715

Shares

Common

Stock

(97.3%)

Value

Industrials

(16.5%)

-

continued

2,810

Booz

Allen

Hamilton

Holding

Corporation

$

402,701

933

Carlisle

Companies,

Inc.

390,535

16,225

Flowserve

Corporation

820,174

1,408

General

Dynamics

Corporation

420,584

12,634

Hexcel

Corporation

836,497

2,951

JB

Hunt

Transport

Services,

Inc.

510,966

9,692

MSC

Industrial

Direct

Company,

Inc.

862,103

9,570

Robert

Half,

Inc.

614,298

11,490

United

Airlines

Holdings,

Inc.

a

521,876

19,066

Werner

Enterprises,

Inc.

747,196

Total

7,027,136

Information

Technology

(7.7%)

6,943

Coherent

Corporation

a

483,788

3,602

CommVault

Systems,

Inc.

a

550,566

3,996

Jabil,

Inc.

450,229

21,744

Knowles

Corporation

a

397,263

5,822

MKS

Instruments,

Inc.

732,990

1,898

PTC,

Inc.

a

337,559

4,974

Western

Digital

Corporation

a

333,507

Total

3,285,902

Materials

(7.9%)

9,896

Alcoa

Corporation

326,964

10,377

Axalta

Coating

Systems,

Ltd.

a

369,940

6,080

Berry

Plastics

Group,

Inc.

399,577

4,753

Celanese

Corporation

670,886

7,540

CF

Industries

Holdings,

Inc.

575,981

2,602

Nucor

Corporation

423,970

6,424

West

Fraser

Timber

Company,

Ltd.

569,744

Total

3,337,062

Real

Estate

(6.5%)

2,052

AvalonBay

Communities,

Inc.

420,496

3,296

CBRE

Group,

Inc.

a

371,492

5,541

Crown

Castle,

Inc.

609,953

48,123

Healthcare

Realty

Trust,

Inc.

851,296

3,202

Simon

Property

Group,

Inc.

491,315

Total

2,744,552

Utilities

(5.8%)

9,844

Alliant

Energy

Corporation

547,917

1,984

Constellation

Energy

Corporation

376,563

4,576

DTE

Energy

Company

551,545

23,199

NiSource,

Inc.

724,969

3,326

Vistra

Energy

Corporation

263,486

Total

2,464,480

Total

Common

Stock

(cost

$35,987,618)

41,354,738

Shares

Short-Term

Investments

(

3.0%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

125,448

5.600%

1,254,479

Total

Short-Term

Investments

(cost

$1,254,479)

1,254,479

Total

Investments

(cost

$37,242,097)

100.3%

$42,609,217

Other

Assets

and

Liabilities,

Net

(0.3%)

(117,173)

Total

Net

Assets

100.0%

$42,492,044

Mid

Cap

Value

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

136

a

Non-income

producing

security.

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

plc

-

Public

Limited

Company

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Mid

Cap

Value

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

1,091,336

1,091,336

–

–

Consumer

Discretionary

4,251,502

3,889,451

362,051

–

Consumer

Staples

2,305,290

2,305,290

–

–

Energy

3,140,454

3,140,454

–

–

Financials

7,750,255

7,750,255

–

–

Health

Care

3,956,769

3,956,769

–

–

Industrials

7,027,136

7,027,136

–

–

Information

Technology

3,285,902

3,285,902

–

–

Materials

3,337,062

3,337,062

–

–

Real

Estate

2,744,552

2,744,552

–

–

Utilities

2,464,480

2,464,480

–

–

Subtotal

Investments

in

Securities

$41,354,738

$40,992,687

$362,051

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

1,254,479

Subtotal

Other

Investments

$1,254,479

Total

Investments

at

Value

$42,609,217

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

 The

Fund

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities. 

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Value

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$488

$8,594

$7,828

$1,254

125

3.0%

Total

Affiliated

Short-Term

Investments

488

1,254

3.0

Total

Value

$488

$1,254

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$32

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$32

Total

$–

$–

$–

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

137

Shares

Registered

Investment

Companies

(

45.0%

)

Value

U.S.

Affiliated  (44.3%)

7,463,114

Thrivent

Core

Emerging

Markets

Debt

Fund

$

60,376,590

2,184,748

Thrivent

Core

Emerging

Markets

Equity

Fund

20,864,344

1,172,248

Thrivent

Core

International

Equity

Fund

12,871,280

196,259

Thrivent

Core

Low

Volatility

Equity

Fund

2,284,449

4,123,556

Thrivent

Core

Mid

Cap

Value

Fund

46,926,069

5,112,127

Thrivent

Core

Small

Cap

Value

Fund

59,402,921

2,949,158

Thrivent

Global

Stock

Fund,

Class

S

86,321,847

10,474,841

Thrivent

High

Yield

Fund,

Class

S

44,099,080

15,786,522

Thrivent

Income

Fund,

Class

S

128,660,153

13,412,067

Thrivent

International

Allocation

Fund,

Class

S

148,069,223

18,230,662

Thrivent

Large

Cap

Growth

Fund,

Class

S

381,750,057

11,323,175

Thrivent

Large

Cap

Value

Fund,

Class

S

346,602,390

5,909,514

Thrivent

Limited

Maturity

Bond

Fund,

Class

S

72,982,496

5,089,230

Thrivent

Mid

Cap

Stock

Fund,

Class

S

190,337,207

1,603,483

Thrivent

Small

Cap

Stock

Fund,

Class

S

53,492,196

Total

1,655,040,302

U.S.

Unaffiliated  (0.7%)

6,221

Invesco

QQQ

Trust

Series

1

2,930,527

94,745

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

3,496,091

35,710

SPDR

Bloomberg

High

Yield

Bond

ETF

a

3,422,446

28,741

SPDR

S&P

500

ETF

Trust

15,830,830

22,348

SPDR

S&P

Biotech

ETF

2,213,793

1,539

SPDR

S&P

Oil

&

Gas

Exploration

ETF

225,294

Total

28,118,981

Total

Registered

Investment

Companies

(cost

$1,140,349,367)

1,683,159,283

Shares

Common

Stock

(

21.8%

)

Value

Communications

Services

(1.4%)

32,268

Alphabet,

Inc.,

Class

A

5,535,253

78,888

Alphabet,

Inc.,

Class

C

13,659,457

30,785

Altice

USA,

Inc.

b

64,341

12,720

AMC

Networks,

Inc.

a,b

141,574

7,534

Bandwidth,

Inc.

b

171,926

80,246

Cargurus,

Inc.

b

1,991,706

398

Charter

Communications,

Inc.

b

151,129

5,847

Cogent

Communications

Holdings

412,740

68,271

Comcast

Corporation

2,817,544

41,716

E.W.

Scripps

Company

b

156,852

2,808

Electronic

Arts,

Inc.

423,839

8,430

Emerald

Holding,

Inc.

a,b

47,798

4,080

Entravision

Communications

Corporation

8,935

22,202

iHeartMedia,

Inc.

a,b

39,520

6,189

Imax

Corporation

b

130,588

31,820

Integral

Ad

Science

Holding

Corporation

b

323,928

Shares

Common

Stock

(21.8%)

Value

Communications

Services

(1.4%)

-

continued

9,472

Iridium

Communications,

Inc.

$

271,846

3,552

Liberty

Global,

Ltd.,

Class

A

b

69,228

11,928

Liberty

Latin

America,

Ltd.,

Class

A

b

125,005

2,149

Liberty

Media

Corporation-Liberty

Live

Group

b

83,854

14,384

Magnite,

Inc.

b

209,143

27,861

Meta

Platforms,

Inc.

13,229,239

2,087

Netflix,

Inc.

b

1,311,366

8,302

New

York

Times

Company

444,904

1,038

Omnicom

Group,

Inc.

101,766

15,909

Paramount

Global

a

181,681

29,402

Pinterest,

Inc.

b

939,394

54,215

QuinStreet,

Inc.

b

1,013,820

5,455

Roku,

Inc.

b

317,536

3,974

Sinclair,

Inc.

61,120

7,610

Sirius

XM

Holdings,

Inc.

a

26,254

3,524

TechTarget,

Inc.

b

112,768

8,128

Telephone

and

Data

Systems,

Inc.

172,314

13,612

Trade

Desk,

Inc.

b

1,223,447

99,158

Verizon

Communications,

Inc.

4,017,882

96,222

Warner

Brothers

Discovery,

Inc.

b

832,320

Total

50,822,017

Consumer

Discretionary

(2.1%)

214

Adient

plc

b

5,513

79,947

Amazon.com,

Inc.

b

14,948,490

16,674

American

Axle

&

Manufacturing

Holdings,

Inc.

b

123,888

21,314

American

Eagle

Outfitters,

Inc.

469,974

19,603

Aptiv

plc

b

1,360,252

9,204

Autoliv,

Inc.

930,893

823

Beazer

Homes

USA,

Inc.

b

27,710

11,088

Best

Buy

Company,

Inc.

959,334

370

Booking

Holdings,

Inc.

1,374,554

11,122

Boot

Barn

Holdings,

Inc.

b

1,484,565

5,098

BorgWarner,

Inc.

180,010

3,030

Brunswick

Corporation

246,793

2,069

Carvana

Company

b

275,653

300

Cavco

Industries,

Inc.

b

124,386

1,800

Chewy,

Inc.

b

43,524

30,053

Chipotle

Mexican

Grill,

Inc.

b

1,632,479

10,661

Columbia

Sportswear

Company

871,004

14,676

Cooper-Standard

Holdings,

Inc.

b

216,911

1,444

Crocs,

Inc.

b

194,030

7,004

D.R.

Horton,

Inc.

1,260,230

21,801

Dana,

Inc.

277,091

334

Darden

Restaurants,

Inc.

48,861

1,070

Deckers

Outdoor

Corporation

b

987,214

684

DoorDash,

Inc.

b

75,732

90

Dorman

Products,

Inc.

b

9,123

14,228

DraftKings,

Inc.

b

525,725

23,834

eBay,

Inc.

1,325,409

919

El

Pollo

Loco

Holdings,

Inc.

b

11,083

2,822

Etsy,

Inc.

b

183,825

12,472

Everi

Holdings,

Inc.

b

160,515

8,717

Expedia

Group,

Inc.

b

1,112,899

271

Fox

Factory

Holding

Corporation

b

14,469

564

Frontdoor,

Inc.

b

22,255

20,625

Gap,

Inc.

484,275

1,286

Garmin,

Ltd.

220,227

27,401

Gentex

Corporation

851,075

1,982

Genuine

Parts

Company

291,572

8,127

Goodyear

Tire

&

Rubber

Company

b

95,086

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

138

Shares

Common

Stock

(21.8%)

Value

Consumer

Discretionary

(2.1%)

-

continued

8,692

Grand

Canyon

Education,

Inc.

b

$

1,355,517

2,272

Group

1

Automotive,

Inc.

830,916

3,678

H&R

Block,

Inc.

213,103

31,890

Hanesbrands,

Inc.

b

189,427

1,501

Harley-Davidson,

Inc.

56,287

4,563

Hasbro,

Inc.

294,131

18,295

Hilton

Worldwide

Holdings,

Inc.

3,927,388

7,130

Home

Depot,

Inc.

2,624,981

3,592

Installed

Building

Products,

Inc.

971,097

128

KB

Home

11,018

7,629

Kohl's

Corporation

165,244

30,971

Laureate

Education,

Inc.

480,050

2,522

Lear

Corporation

307,785

4,104

Leggett

&

Platt,

Inc.

54,050

862

Lennar

Corporation

152,514

365

Light

&

Wonder,

Inc.

b

39,128

16,803

LKQ

Corporation

697,324

9,405

Lowe's

Companies,

Inc.

2,309,022

3,113

Lululemon

Athletica,

Inc.

b

805,209

536

M/I

Homes,

Inc.

b

89,421

9,061

McDonald's

Corporation

2,404,789

949

Meritage

Homes

Corporation

192,524

5,222

Mobileye

Global,

Inc.

b

109,662

8,419

Modine

Manufacturing

Company

b

990,580

4,617

Mohawk

Industries,

Inc.

b

743,660

7,231

Nordstrom,

Inc.

165,084

184

NVR,

Inc.

b

1,583,776

587

OneSpaWorld

Holdings,

Ltd.

b

9,445

1,947

O'Reilly

Automotive,

Inc.

b

2,192,984

6,618

Patrick

Industries,

Inc.

847,501

2,937

Pool

Corporation

1,098,555

70,519

Qurate

Retail,

Inc.

b

50,541

676

Ralph

Lauren

Corporation

118,699

10,980

Ross

Stores,

Inc.

1,572,665

11,425

Savers

Value

Village,

Inc.

b

116,421

1,988

Service

Corporation

International/

US

158,861

31,866

SharkNinja,

Inc.

2,448,902

28,981

Skyline

Champion

Corporation

b

2,362,241

14,242

Sony

Group

Corporation

ADR

1,261,699

907

Starbucks

Corporation

70,701

3,491

Steven

Madden,

Ltd.

158,282

6,918

Stitch

Fix,

Inc.

b

32,584

54,257

Stoneridge,

Inc.

b

912,060

2,454

Strategic

Education,

Inc.

258,652

17,509

Tesla,

Inc.

b

4,063,314

9,700

Texas

Roadhouse,

Inc.

1,693,717

52,524

ThredUp,

Inc.

b

110,300

517

TopBuild

Corporation

b

247,405

13,505

Travel

+

Leisure

Company

622,445

320

Ulta

Beauty,

Inc.

b

116,765

5,573

Upbound

Group,

Inc.

210,269

7,912

Urban

Outfitters,

Inc.

b

364,348

21,018

VF

Corporation

356,465

106

Visteon

Corporation

b

12,247

30

Wingstop,

Inc.

11,216

35,476

Wyndham

Hotels

&

Resorts,

Inc.

2,686,243

40,454

Yum

China

Holding,

Inc.

1,223,329

Total

80,579,172

Consumer

Staples

(1.0%)

29,233

Altria

Group,

Inc.

1,432,709

5,223

BellRing

Brands,

Inc.

b

267,835

6,170

BJ's

Wholesale

Club

Holdings,

Inc.

b

542,713

Shares

Common

Stock

(21.8%)

Value

Consumer

Staples

(1.0%)

-

continued

301

Casey's

General

Stores,

Inc.

$

116,740

16,942

Celsius

Holdings,

Inc.

b

793,394

33,745

Coca-Cola

Company

2,252,141

3,230

Colgate-Palmolive

Company

320,384

1,245

Costco

Wholesale

Corporation

1,023,390

123,058

Coty,

Inc.

b

1,224,427

228

Dollar

Tree,

Inc.

b

23,790

7,848

e.l.f.

Beauty,

Inc.

b

1,354,408

15,524

J

&

J

Snack

Foods

Corporation

2,618,899

7,012

J.M.

Smucker

Company

827,065

3,875

John

B.

Sanfilippo

&

Son,

Inc.

406,371

100,517

Kenvue,

Inc.

1,858,559

4,680

Keurig

Dr

Pepper,

Inc.

160,430

3,110

Kroger

Company

169,495

19,034

Lamb

Weston

Holdings,

Inc.

1,142,421

10,852

Lancaster

Colony

Corporation

2,095,087

311

McCormick

&

Company,

Inc.

23,950

52,360

Philip

Morris

International,

Inc.

6,029,778

7,012

Pilgrim's

Pride

Corporation

b

289,105

621

PriceSmart,

Inc.

56,716

10,293

Procter

&

Gamble

Company

1,654,703

34,709

Sysco

Corporation

2,660,445

6,993

Turning

Point

Brands,

Inc.

263,776

11,554

Tyson

Foods,

Inc.

703,639

4,147

US

Foods

Holding

Corporation

b

225,555

7,838

Walgreens

Boots

Alliance,

Inc.

93,037

80,477

Walmart,

Inc.

5,523,941

Total

36,154,903

Energy

(0.9%)

40,188

Archrock,

Inc.

833,097

13,323

Baker

Hughes

Company

515,867

2,659

California

Resources

Corporation

136,779

6,132

Chesapeake

Energy

Corporation

468,056

689

Chevron

Corporation

110,564

4,712

Civitas

Resources,

Inc.

328,709

24,667

ConocoPhillips

2,742,970

10,844

Delek

US

Holdings,

Inc.

257,870

75,022

Devon

Energy

Corporation

3,528,285

83,291

Enterprise

Products

Partners,

LP

2,403,778

19,683

EOG

Resources,

Inc.

2,495,804

11,114

Expro

Group

Holdings

NV

b

258,067

55,903

Exxon

Mobil

Corporation

6,629,537

2,542

Gulfport

Energy

Corporation

b

374,208

74,450

Halliburton

Company

2,581,926

9,208

Hess

Midstream,

LP

345,116

1,031

International

Seaways,

Inc.

57,736

4,261

Kodiak

Gas

Services,

Inc.

122,930

8,505

Marathon

Petroleum

Corporation

1,505,555

25,063

Matador

Resources

Company

1,540,873

5,451

Noble

Corporation

plc

257,396

23,556

NOV,

Inc.

490,436

5,797

Ovintiv,

Inc.

269,213

8,983

Par

Pacific

Holdings,

Inc.

b

238,499

2,745

Phillips

66

399,343

3,909

ProPetro

Holding

Corporation

b

37,487

11,090

Schlumberger

NV

535,536

15,759

Shell

plc

ADR

1,153,874

13,649

SM

Energy

Company

630,584

103,201

TechnipFMC

plc

3,044,429

7,684

Viper

Energy,

Inc.

327,876

7,821

Williams

Companies,

Inc.

335,834

Total

34,958,234

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

139

Shares

Common

Stock

(21.8%)

Value

Financials

(3.5%)

9,114

Allstate

Corporation

$

1,559,588

19,930

Ally

Financial,

Inc.

897,049

5,088

Amalgamated

Financial

Corporation

161,849

3,462

American

Express

Company

876,024

21,513

American

International

Group,

Inc.

1,704,475

2,407

Ameriprise

Financial,

Inc.

1,035,179

1,085

Ameris

Bancorp

66,066

13,581

Annaly

Capital

Management,

Inc.

270,398

2,944

Arch

Capital

Group,

Ltd.

b

281,976

3,551

Arthur

J.

Gallagher

&

Company

1,006,673

6,827

Artisan

Partners

Asset

Management,

Inc.

301,480

4,614

Associated

Banc-Corp

106,030

2,011

Assurant,

Inc.

351,664

2,514

Assured

Guaranty,

Ltd.

207,078

1,393

Atlantic

Union

Bankshares

Corporation

57,517

962

Axis

Capital

Holdings,

Ltd.

72,872

3,564

Axos

Financial,

Inc.

b

260,208

2,036

Bancorp,

Inc.

b

105,546

109,642

Bank

of

America

Corporation

4,419,669

302

Bank

of

Hawaii

Corporation

20,714

3,393

Bank

of

Marin

Bancorp

68,912

6,809

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

261,057

30,137

Bank

of

New

York

Mellon

Corporation

1,961,015

12,976

Bank

OZK

608,445

2,687

BankFinancial

Corporation

31,492

674

BankUnited,

Inc.

25,962

382

Banner

Corporation

22,622

1,633

Bar

Harbor

Bankshares

52,191

864

BayCom

Corporation

20,814

5,053

BCB

Bancorp,

Inc.

64,072

5,567

Berkshire

Hathaway,

Inc.

b

2,441,130

5,457

Berkshire

Hills

Bancorp,

Inc.

150,613

1,961

Block,

Inc.

b

121,347

38,346

Blue

Owl

Capital,

Inc.

731,258

256

BOK

Financial

Corporation

26,327

15,929

Bridgewater

Bancshares,

Inc.

b

219,980

4,147

Brighthouse

Financial,

Inc.

b

206,811

2,710

BrightSpire

Capital,

Inc.

15,528

22,972

Brookline

Bancorp,

Inc.

240,976

11,882

Brown

&

Brown,

Inc.

1,181,427

5,274

Business

First

Bancshares,

Inc.

134,065

4,579

Byline

Bancorp,

Inc.

128,441

4,708

Cadence

Bank

154,752

595

Camden

National

Corporation

24,800

313

Capital

City

Bank

Group,

Inc.

11,112

10,551

Capital

One

Financial

Corporation

1,597,421

12,268

Capitol

Federal

Financial,

Inc.

77,534

14,618

Carlyle

Group,

Inc.

727,099

5,969

Cathay

General

Bancorp

264,546

6,115

Cboe

Global

Markets,

Inc.

1,122,164

13,378

Central

Pacific

Financial

Corporation

349,032

43,627

Charles

Schwab

Corporation

2,844,044

15,751

Chubb,

Ltd.

4,341,921

2,663

Cincinnati

Financial

Corporation

347,841

5,148

Citigroup,

Inc.

334,002

1,076

Citizens

Financial

Group,

Inc.

45,913

3,924

CNB

Financial

Corporation

100,690

7,062

CNO

Financial

Group,

Inc.

246,181

24,169

Columbia

Banking

System,

Inc.

632,261

3,900

Comerica,

Inc.

213,759

Shares

Common

Stock

(21.8%)

Value

Financials

(3.5%)

-

continued

3,658

Commerce

Bancshares,

Inc.

$

236,709

531

Community

Financial

System,

Inc.

32,752

6,536

Community

Trust

Bancorp,

Inc.

331,506

6,044

ConnectOne

Bancorp,

Inc.

146,386

1,649

Cullen/Frost

Bankers,

Inc.

193,032

2,937

Customers

Bancorp,

Inc.

b

189,378

1,056

CVB

Financial

Corporation

20,127

5,684

Dime

Community

Bancshares,

Inc.

143,692

14,088

Discover

Financial

Services

2,028,531

5,600

Eagle

Bancorp,

Inc.

120,512

4,932

East

West

Bancorp,

Inc.

433,473

7,046

Ellington

Credit

Company

49,463

1,185

Employers

Holdings,

Inc.

56,892

2,809

Enova

International,

Inc.

b

242,894

382

Enterprise

Bancorp,

Inc./MA

11,288

7,535

Enterprise

Financial

Services

Corporation

398,375

2,107

Equity

Bancshares,

Inc.

85,334

29,118

F.N.B.

Corporation

446,670

1,703

FactSet

Research

Systems,

Inc.

703,492

23,592

Federated

Hermes,

Inc.

809,913

2,444

Fidelity

National

Information

Services,

Inc.

187,773

1,927

Fifth

Third

Bancorp

81,589

5,811

Financial

Institutions,

Inc.

152,946

2,456

First

Bancorp/Puerto

Rico

52,681

5,902

First

Bancshares,

Inc.

196,655

588

First

Citizens

BancShares,

Inc./NC

1,227,562

1,461

First

Financial

Bancorp

39,973

2,305

First

Financial

Bankshares,

Inc.

88,650

2,579

First

Financial

Corporation

115,952

15,074

First

Foundation,

Inc.

105,518

1,431

First

Hawaiian,

Inc.

35,832

16,754

First

Horizon

Corporation

280,294

2,697

First

Internet

Bancorp

99,951

7,058

First

Interstate

BancSystem,

Inc.

222,821

2,301

First

Merchants

Corporation

92,845

3,602

First

Mid-Illinois

Bancshares,

Inc.

138,281

8,422

First

of

Long

Island

Corporation

110,497

6,161

Fiserv,

Inc.

b

1,007,755

6,837

Flushing

Financial

Corporation

100,709

2,444

Fulton

Financial

Corporation

47,340

24,726

Glacier

Bancorp,

Inc.

1,105,499

1,631

Global

Payments,

Inc.

165,775

3,103

Great

Southern

Bancorp,

Inc.

194,279

3,817

Green

Dot

Corporation

b

36,491

11,072

Hamilton

Lane,

Inc.

1,598,465

1,912

Hancock

Whitney

Corporation

104,644

18,897

Hanmi

Financial

Corporation

385,499

1,394

Hanover

Insurance

Group,

Inc.

191,661

3,312

Hartford

Financial

Services

Group,

Inc.

367,367

3,032

Heartland

Financial

USA,

Inc.

165,305

9,310

Heritage

Commerce

Corporation

96,359

9,051

Heritage

Financial

Corporation

209,712

4,139

Home

BancShares,

Inc.

117,258

6,174

Hometrust

Bancshares,

Inc.

218,992

24,933

Hope

Bancorp,

Inc.

328,118

607

Horace

Mann

Educators

Corporation

20,984

9,423

Horizon

Bancorp,

Inc.

150,485

15,436

Houlihan

Lokey,

Inc.

2,319,259

3,602

Huntington

Bancshares,

Inc./OH

53,850

3,388

Independent

Bank

Corporation/MA

217,340

5,724

Independent

Bank

Corporation/MI

198,566

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

140

Shares

Common

Stock

(21.8%)

Value

Financials

(3.5%)

-

continued

47,281

Intercontinental

Exchange,

Inc.

$

7,165,908

146

International

Bancshares

Corporation

9,846

51,405

Invesco,

Ltd.

887,250

706

Investar

Holding

Corporation

13,061

37,107

J.P.

Morgan

Chase

&

Company

7,896,370

5,634

Jack

Henry

&

Associates,

Inc.

966,118

19,976

Janus

Henderson

Group

plc

743,706

5,374

Jefferies

Financial

Group,

Inc.

314,218

19,507

Kearny

Financial

Corporation/MD

140,450

79,028

KeyCorp

1,274,722

6,663

Kinsale

Capital

Group,

Inc.

3,045,457

3,127

Lazard,

Inc.

153,755

1,374

LendingTree,

Inc.

b

73,124

391

LPL

Financial

Holdings,

Inc.

86,614

469

M&T

Bank

Corporation

80,748

16,038

Marsh

&

McLennan

Companies,

Inc.

3,569,578

5,531

Mastercard,

Inc.

2,564,780

3,370

Mercantile

Bank

Corporation

162,973

24,752

MetLife,

Inc.

1,902,191

2,131

Metropolitan

Bank

Holding

Corporation

b

112,368

18,747

MFA

Financial,

Inc.

209,779

66,025

MGIC

Investment

Corporation

1,640,061

1,436

Mid

Penn

Bancorp,

Inc.

42,577

5,794

Midland

States

Bancorp,

Inc.

137,550

10,525

MidWestOne

Financial

Group,

Inc.

308,488

1,789

Moody's

Corporation

816,643

8,691

Mr.

Cooper

Group,

Inc.

b

781,147

3,174

MSCI,

Inc.

1,716,372

417

MVB

Financial

Corporation

9,579

59,030

Nasdaq,

Inc.

3,995,150

2,227

NCR

Atleos

Corporation

b

71,598

101

Nelnet,

Inc.

11,384

1,795

New

York

Community

Bancorp,

Inc.

a

18,883

30,128

NMI

Holdings,

Inc.

b

1,185,537

12,996

Northern

Trust

Corporation

1,152,095

7,252

Northfield

Bancorp,

Inc.

90,723

15,287

NU

Holdings,

Ltd./Cayman

Islands

b

185,431

21,461

OceanFirst

Financial

Corporation

389,946

5,900

OFG

Bancorp

267,978

8,400

Old

National

Bancorp

168,168

5,630

Old

Republic

International

Corporation

194,911

9,597

Old

Second

Bancorp,

Inc.

162,381

15,171

OneMain

Holdings,

Inc.

792,836

1,811

Orrstown

Financial

Services,

Inc.

63,675

371

Pacific

Premier

Bancorp,

Inc.

10,039

121

Park

National

Corporation

21,412

2,035

Pathward

Financial,

Inc.

137,444

18,188

PayPal

Holdings,

Inc.

b

1,196,407

1,680

PCB

Bancorp

32,374

1,344

PennyMac

Financial

Services,

Inc.

131,873

4,219

Peoples

Bancorp,

Inc./OH

140,366

2,149

Pinnacle

Financial

Partners,

Inc.

206,992

43

Piper

Sandler

Companies

11,751

582

PNC

Financial

Services

Group,

Inc.

105,400

2,062

Popular,

Inc.

211,623

5,430

Premier

Financial

Corporation

137,596

3,696

Principal

Financial

Group,

Inc.

301,261

9,872

Progressive

Corporation

2,113,793

6,745

Prosperity

Bancshares,

Inc.

489,147

Shares

Common

Stock

(21.8%)

Value

Financials

(3.5%)

-

continued

10,457

Provident

Financial

Services,

Inc.

$

193,873

1,465

Prudential

Financial,

Inc.

183,594

17,041

Radian

Group,

Inc.

632,221

2,236

Regions

Financial

Corporation

50,019

761

Reinsurance

Group

of

America,

Inc.

171,552

36,257

Rithm

Capital

Corporation

420,944

10,393

RLI

Corporation

1,565,082

2,720

S&P

Global,

Inc.

1,318,466

2,362

Sandy

Spring

Bancorp,

Inc.

72,348

17,532

SEI

Investments

Company

1,189,371

867

ServisFirst

Bancshares,

Inc.

69,568

6,455

Shore

Bancshares,

Inc.

93,727

464

Simmons

First

National

Corporation

9,990

2,655

Skyward

Specialty

Insurance

Group,

Inc.

b

105,058

164

Southern

First

Bancshares,

Inc.

b

5,674

702

Southern

Missouri

Bancorp,

Inc.

40,154

1,999

Southside

Bancshares,

Inc.

69,945

2,090

SouthState

Corporation

206,847

546

Stellar

Bancorp,

Inc.

14,960

7,819

StepStone

Group,

Inc.

392,983

926

Stifel

Financial

Corporation

82,108

3,996

Synovus

Financial

Corporation

186,813

508

Texas

Capital

Bancshares,

Inc.

b

33,579

25,616

TPG,

Inc.

1,306,160

15,411

Tradeweb

Markets,

Inc.

1,721,100

21,439

Triumph

Financial,

Inc.

b

1,945,160

1,073

Truist

Financial

Corporation

47,952

3,059

TrustCo

Bank

Corporation

NY

108,931

8,668

Two

Harbors

Investment

Corporation

116,758

2,476

U.S.

Bancorp

111,123

2,900

UMB

Financial

Corporation

295,858

2,880

United

Bankshares,

Inc.

112,118

1,881

United

Community

Banks,

Inc.

58,217

4,739

Univest

Financial

Corporation

131,033

1,594

Unum

Group

91,703

61,076

Valley

National

Bancorp

513,038

6,019

Veritex

Holdings,

Inc.

150,896

24,441

Virtu

Financial,

Inc.

667,728

4,973

Visa,

Inc.

1,321,177

1,565

Voya

Financial,

Inc.

113,822

2,516

WaFd,

Inc.

89,544

1,028

Walker

&

Dunlop,

Inc.

109,893

15,751

Webster

Financial

Corporation

781,565

91,733

Wells

Fargo

&

Company

5,443,436

2,800

Westamerica

Bancorporation

151,088

17,768

Western

Alliance

Bancorp

1,429,613

31,541

Western

Union

Company

375,023

834

Willis

Towers

Watson

plc

235,422

1,640

Wintrust

Financial

Corporation

177,448

800

WSFS

Financial

Corporation

45,192

12,139

Zions

Bancorp

NA

627,222

Total

131,434,266

Health

Care

(2.7%)

22,549

Abbott

Laboratories

2,388,841

2,684

AbbVie,

Inc.

497,399

3,718

ACELYRIN,

Inc.

b

22,308

24,301

Agilent

Technologies,

Inc.

3,436,161

2,453

Agios

Pharmaceuticals,

Inc.

b

113,819

3,762

Align

Technology,

Inc.

b

872,333

6,765

Amgen,

Inc.

2,249,160

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

141

Shares

Common

Stock

(21.8%)

Value

Health

Care

(2.7%)

-

continued

2,232

AMN

Healthcare

Services,

Inc.

b

$

150,928

9,448

Amneal

Pharmaceuticals,

Inc.

b

69,254

2,278

Anika

Therapeutics,

Inc.

b

62,075

4,537

Arcellx,

Inc.

b

280,432

2,356

Argenx

SE

ADR

b

1,215,390

606

Arvinas,

Inc.

b

16,671

5,004

Ascendis

Pharma

AS

ADR

b

668,034

19,188

AstraZeneca

plc

ADR

1,518,730

88,966

Avantor,

Inc.

b

2,379,841

4,317

Biogen,

Inc.

b

920,384

23,874

Bio-Techne

Corporation

1,947,880

10,749

Boston

Scientific

Corporation

b

794,136

6,410

Bruker

Corporation

439,149

8,104

CareDx,

Inc.

b

161,999

10,651

Caribou

Biosciences,

Inc.

b

24,710

2,319

Castle

Biosciences,

Inc.

b

55,957

3,685

Cencora,

Inc.

876,588

2,379

Centene

Corporation

b

182,993

3,351

Charles

River

Laboratories

International,

Inc.

b

817,979

3,840

Chemed

Corporation

2,189,414

5,746

Cigna

Group

2,003,458

2,959

Cooper

Companies,

Inc.

b

276,163

1,191

CRISPR

Therapeutics

AG

a,b

68,232

9,419

Danaher

Corporation

2,609,817

5,235

Definitive

Healthcare

Corporation

b

20,417

13,567

Denali

Therapeutics,

Inc.

b

330,628

22,361

Dentsply

Sirona,

Inc.

606,878

12,099

Dexcom,

Inc.

b

820,554

8,540

Editas

Medicine,

Inc.

b

46,201

8,063

Edwards

Lifesciences

Corporation

b

508,372

50,918

Elanco

Animal

Health,

Inc.

b

663,971

6,563

Elevance

Health,

Inc.

3,491,713

5,385

Eli

Lilly

&

Company

4,330,994

929

Embecta

Corporation

14,557

828

Enanta

Pharmaceuticals,

Inc.

b

12,221

12,814

Encompass

Health

Corporation

1,190,933

10,131

Erasca,

Inc.

b

31,913

811

Exelixis,

Inc.

b

19,018

10,012

Fate

Therapeutics,

Inc.

b

53,364

29,471

Gilead

Sciences,

Inc.

2,241,564

21,375

Globus

Medical,

Inc.

b

1,538,145

13,640

GoodRx

Holdings,

Inc.

b

123,442

4,507

Guardant

Health,

Inc.

b

158,331

12,233

Haemonetics

Corporation

b

1,101,582

10,795

Halozyme

Therapeutics,

Inc.

b

596,532

11,555

HealthEquity,

Inc.

b

906,836

1,630

Humana,

Inc.

589,424

3,611

ICON

plc

b

1,185,997

2,424

IDEXX

Laboratories,

Inc.

b

1,154,115

941

Illumina,

Inc.

b

115,367

12,966

Immunocore

Holdings

plc

ADR

b

514,750

3,226

Inspire

Medical

Systems,

Inc.

b

455,027

277

Integra

LifeSciences

Holdings

Corporation

b

6,872

3,020

Intellia

Therapeutics,

Inc.

b

79,154

3,220

Intuitive

Surgical,

Inc.

b

1,431,644

934

IQVIA

Holding,

Inc.

b

229,979

29,431

Johnson

&

Johnson

4,645,683

1,042

Kymera

Therapeutics,

Inc.

b

48,140

11,613

Labcorp

Holdings,

Inc.

2,501,905

8,659

Legend

Biotech

Corporation

ADR

b

488,281

116

Ligand

Pharmaceuticals,

Inc.

b

12,643

1,677

LivaNova

plc

b

82,844

Shares

Common

Stock

(21.8%)

Value

Health

Care

(2.7%)

-

continued

54

Medpace

Holdings,

Inc.

b

$

20,656

25,203

Medtronic

plc

2,024,305

46,474

Merck

&

Company,

Inc.

5,257,604

165

Mettler-Toledo

International,

Inc.

b

250,970

2,253

Molina

Healthcare,

Inc.

b

768,881

3,777

Myriad

Genetics,

Inc.

b

105,643

8,462

Natera,

Inc.

b

866,424

2,524

Neurocrine

Biosciences,

Inc.

b

357,323

3,633

Novocure,

Ltd.

b

82,723

11,156

Nuvation

Bio,

Inc.

b

42,727

58,097

Option

Care

Health,

Inc.

b

1,724,900

56,892

Paragon

28,

Inc.

b

443,189

6,796

Penumbra,

Inc.

b

1,135,544

17,682

Pfizer,

Inc.

540,008

1,763

Prestige

Consumer

Healthcare,

Inc.

b

124,838

6,182

Prime

Medicine,

Inc.

a,b

34,681

5,997

Progyny,

Inc.

b

169,115

4,733

Prothena

Corporation

plc

b

110,184

1,354

QIAGEN

NV

60,239

633

Quest

Diagnostics,

Inc.

90,076

5,375

RAPT

Therapeutics,

Inc.

b

16,878

6,182

Recursion

Pharmaceuticals,

Inc.

a,b

50,692

11,948

Relay

Therapeutics,

Inc.

b

98,213

16,419

Repligen

Corporation

b

2,747,720

7,489

Rocket

Pharmaceuticals,

Inc.

b

181,234

24,740

Royalty

Pharma

plc

696,926

3,559

Sage

Therapeutics,

Inc.

b

38,971

2,958

Sagimet

Biosciences,

Inc.

a,b

9,939

21,563

Sanofi

SA

ADR

1,117,179

4,909

Sarepta

Therapeutics,

Inc.

b

698,256

58,342

scPharmaceuticals,

Inc.

b

293,460

51,204

Stevanato

Group

SPA

1,058,899

5,014

Stryker

Corporation

1,641,834

1,727

Teleflex,

Inc.

381,529

795

Tenet

Healthcare

Corporation

b

119,012

4,236

Thermo

Fisher

Scientific,

Inc.

2,598,108

16,515

Twist

Bioscience

Corporation

b

921,702

2,182

UnitedHealth

Group,

Inc.

1,257,181

6,688

Veeva

Systems,

Inc.

b

1,283,628

20,838

Vericel

Corporation

b

1,052,736

5,375

Vertex

Pharmaceuticals,

Inc.

b

2,664,495

19,891

Viemed

Healthcare,

Inc.

b

143,414

1,058

West

Pharmaceutical

Services,

Inc.

323,928

4,291

Xenon

Pharmaceuticals,

Inc.

b

185,071

2,751

Zentalis

Pharmaceuticals,

Inc.

b

10,701

19,316

Zimmer

Biomet

Holdings,

Inc.

2,150,837

12,128

Zoetis,

Inc.

2,183,525

Total

99,796,324

Industrials

(3.1%)

6,006

A.O.

Smith

Corporation

510,750

8,015

AAR

Corporation

b

517,769

4,903

ABM

Industries,

Inc.

272,411

550

Acuity

Brands,

Inc.

138,242

10,443

Advanced

Drainage

Systems,

Inc.

1,848,829

24,032

AECOM

2,177,540

11,156

Air

Lease

Corporation

553,561

8,873

Alight,

Inc.

b

67,169

3,454

Allison

Transmission

Holdings,

Inc.

305,990

12,256

AMETEK,

Inc.

2,126,171

2,108

Applied

Industrial

Technologies,

Inc.

459,945

3,397

Arcosa,

Inc.

315,615

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

142

Shares

Common

Stock

(21.8%)

Value

Industrials

(3.1%)

-

continued

9,057

Armstrong

World

Industries,

Inc.

$

1,190,090

17,948

Atmus

Filtration

Technologies,

Inc.

b

553,516

8,706

Automatic

Data

Processing,

Inc.

2,286,370

437

Axon

Enterprise,

Inc.

b

131,104

21,270

AZEK

Company,

Inc.

b

954,810

1,816

AZZ,

Inc.

145,207

49,499

Badger

Infrastructure

Solutions,

Ltd.

1,398,226

9,052

Beacon

Roofing

Supply,

Inc.

b

930,546

12,898

Brady

Corporation

923,626

21,518

BWX

Technologies,

Inc.

2,140,826

1,603

Carlisle

Companies,

Inc.

670,984

10,425

Casella

Waste

Systems,

Inc.

b

1,079,613

5,926

Caterpillar,

Inc.

2,051,581

14,971

CECO

Environmental

Corporation

b

437,153

4,065

Clean

Harbors,

Inc.

b

970,437

171,259

CNH

Industrial

NV

1,823,908

2,019

CSW

Industrials,

Inc.

655,004

139,269

CSX

Corporation

4,888,342

1,361

Cummins,

Inc.

397,140

643

Curtiss-Wright

Corporation

189,492

6,298

Dayforce,

Inc.

a,b

373,345

39,274

Delta

Air

Lines,

Inc.

1,689,567

4,349

DNOW,

Inc.

b

66,801

8,614

Donaldson

Company,

Inc.

644,499

21

Dover

Corporation

3,869

4,042

EMCOR

Group,

Inc.

1,517,528

182

ESCO

Technologies,

Inc.

22,379

86,438

ExlService

Holdings,

Inc.

b

3,047,804

1,242

Expeditors

International

of

Washington,

Inc.

155,026

61,583

Fastenal

Company

4,356,997

13,515

Ferguson

Enterprises,

Inc.

3,009,115

76,428

Flowserve

Corporation

3,863,435

24,878

Fluor

Corporation

b

1,196,632

6,921

Gates

Industrial

Corporation

plc

b

128,661

7,629

General

Dynamics

Corporation

2,278,859

1,678

Gibraltar

Industries,

Inc.

b

124,625

6,431

Graco,

Inc.

546,957

1,261

Griffon

Corporation

90,868

23,271

Helios

Technologies,

Inc.

1,069,302

810

Herc

Holdings,

Inc.

126,230

10,830

Honeywell

International,

Inc.

2,217,442

60,045

Howmet

Aerospace,

Inc.

5,746,307

1,086

Huntington

Ingalls

Industries,

Inc.

304,058

5,575

IDEX

Corporation

1,162,276

13,340

Ingersoll

Rand,

Inc.

1,339,336

3,443

Interface,

Inc.

59,495

5,858

ITT

Corporation

828,673

11,005

Jacobs

Solutions,

Inc.

1,610,582

90,862

Janus

International

Group,

Inc.

b

1,310,230

9,940

JB

Hunt

Transport

Services,

Inc.

1,721,111

4,597

Kirby

Corporation

b

564,879

7,423

Knight-Swift

Transportation

Holdings,

Inc.

404,034

13,556

Korn

Ferry

999,348

6,872

Kratos

Defense

&

Security

Solutions,

Inc.

b

154,895

8,818

L3Harris

Technologies,

Inc.

2,000,716

4,678

Landstar

System,

Inc.

889,990

6,714

Leidos

Holdings,

Inc.

969,502

735

Lincoln

Electric

Holdings,

Inc.

150,976

3,229

Masco

Corporation

251,378

56,942

Masterbrand,

Inc.

b

1,027,803

1,789

Matson,

Inc.

237,418

Shares

Common

Stock

(21.8%)

Value

Industrials

(3.1%)

-

continued

4,522

Maximus,

Inc.

$

420,049

3,111

Miller

Industries,

Inc.

211,361

1,803

Moog,

Inc.

353,568

22,020

Mueller

Water

Products,

Inc.

455,374

2,376

Northrop

Grumman

Corporation

1,150,744

21,179

nVent

Electric

plc

1,538,231

6,786

Old

Dominion

Freight

Line,

Inc.

1,426,281

8,297

Oshkosh

Corporation

901,469

1,175

Otis

Worldwide

Corporation

111,038

14,552

Owens

Corning,

Inc.

2,712,202

1,303

PACCAR,

Inc.

128,554

2,450

Parker-Hannifin

Corporation

1,374,842

20,287

Pentair

plc

1,782,619

819

Quanta

Services,

Inc.

217,346

7,422

Regal

Rexnord

Corporation

1,192,567

607

Republic

Services,

Inc.

117,952

3,534

Resideo

Technologies,

Inc.

b

80,292

5,817

Robert

Half,

Inc.

373,393

3,592

Rockwell

Automation,

Inc.

1,000,911

2,534

Rush

Enterprises,

Inc.

129,259

3,570

Saia,

Inc.

b

1,491,725

27,346

Schneider

National,

Inc.

735,881

1,159

Sensata

Technologies

Holding

plc

45,189

6,175

Simpson

Manufacturing

Company,

Inc.

1,186,156

6,410

SkyWest,

Inc.

b

512,415

4,379

SS&C

Technologies

Holdings,

Inc.

319,448

4,050

Tennant

Company

436,145

4,277

Terex

Corporation

270,563

13,374

Timken

Company

1,162,869

8,779

Trane

Technologies

plc

2,934,644

267

TransDigm

Group,

Inc.

345,557

13,507

TransUnion

1,219,142

21,484

Uber

Technologies,

Inc.

b

1,385,073

105

UniFirst

Corporation/MA

20,427

1,170

Union

Pacific

Corporation

288,674

21,197

United

Parcel

Service,

Inc.

2,763,453

716

United

Rentals,

Inc.

542,084

6,548

Upwork,

Inc.

b

79,362

6,807

Verra

Mobility

Corporation

b

205,095

359

Viad

Corporation

b

11,937

603

Wabtec

Corporation

97,173

5,163

Waste

Connections,

Inc.

917,827

763

Waste

Management,

Inc.

154,630

2,264

Watsco,

Inc.

1,108,205

21,270

WNS

Holdings,

Ltd.

b

1,267,267

Total

116,553,908

Information

Technology

(4.8%)

4,061

Adobe,

Inc.

b

2,240,251

13,019

Advanced

Micro

Devices,

Inc.

b

1,880,985

9,518

Agilysys,

Inc.

b

1,066,873

3,119

Ambarella,

Inc.

b

164,184

50,602

Amphenol

Corporation

3,251,685

103,115

Apple,

Inc.

22,899,779

13,495

Applied

Materials,

Inc.

2,863,639

11,201

AppLovin

Corporation

b

863,597

4,917

Arista

Networks,

Inc.

b

1,703,986

11,123

ASGN,

Inc.

b

1,053,014

529

Atlassian

Corporation

b

93,406

14,640

Autodesk,

Inc.

b

3,623,693

31,672

Broadcom,

Inc.

5,089,057

4,975

CCC

Intelligent

Solutions

Holdings,

Inc.

b

51,044

6,042

CDW

Corporation

1,317,821

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

143

Shares

Common

Stock

(21.8%)

Value

Information

Technology

(4.8%)

-

continued

7,200

Ciena

Corporation

b

$

379,728

89,868

Cisco

Systems,

Inc.

4,354,105

6,439

Clearwater

Analytics

Holdings,

Inc.

b

125,882

3,700

Coherent

Corporation

b

257,816

7,424

Cohu,

Inc.

b

237,494

3,624

CommScope

Holding

Company,

Inc.

b

9,386

2,449

CommVault

Systems,

Inc.

b

374,330

890

Consensus

Cloud

Solutions,

Inc.

b

18,957

8,997

Crane

NXT

Company

565,731

4,313

Credo

Technology

Group

Holding,

Ltd.

b

119,686

6,109

CyberArk

Software,

Ltd.

b

1,566,225

2,600

Datadog,

Inc.

b

302,744

13,058

Descartes

Systems

Group,

Inc.

b

1,327,346

3,668

DocuSign,

Inc.

b

203,501

423

Dolby

Laboratories,

Inc.

33,316

16,836

Dynatrace

Holdings,

LLC

b

739,437

496

Elastic

NV

b

54,396

4,292

Enphase

Energy,

Inc.

b

494,052

3,516

F5,

Inc.

b

715,998

7,858

Fabrinet

b

1,733,161

14,253

Flex,

Ltd.

b

458,234

1,727

FormFactor,

Inc.

b

92,498

14,066

Fortinet,

Inc.

b

816,391

2,465

Gartner,

Inc.

b

1,235,433

1,600

Gilat

Satellite

Networks,

Ltd.

b

7,280

28,888

Gitlab,

Inc.

b

1,479,932

4,556

Globant

SA

b

887,099

12,117

GoDaddy,

Inc.

b

1,762,418

25,984

Guidewire

Software,

Inc.

b

3,899,419

1,670

Hewlett

Packard

Enterprise

Company

33,250

2,269

HubSpot,

Inc.

b

1,127,761

880

Insight

Enterprises,

Inc.

b

197,560

22,237

International

Business

Machines

Corporation

4,272,617

1,528

IPG

Photonics

Corporation

b

122,851

2,462

Itron,

Inc.

b

254,669

58,547

JFrog,

Ltd.

b

2,257,572

1,982

Keysight

Technologies,

Inc.

b

276,628

2,135

KLA

Corporation

1,757,254

4,702

Kyndryl

Holdings,

Inc.

b

126,343

2,022

Lam

Research

Corporation

1,862,747

43,774

Lattice

Semiconductor

Corporation

b

2,320,022

5,565

Littelfuse,

Inc.

1,486,467

14,680

Marvell

Technology,

Inc.

983,266

58,618

Microsoft

Corporation

24,522,840

2,948

MKS

Instruments,

Inc.

371,153

5,005

MongoDB,

Inc.

b

1,263,062

2,072

Monolithic

Power

Systems,

Inc.

1,788,323

5,210

Motorola

Solutions,

Inc.

2,078,373

2,172

nCino,

Inc.

b

71,155

6,052

NetApp,

Inc.

768,483

3,715

Nova,

Ltd.,

Class

S

b

767,036

180,136

NVIDIA

Corporation

21,079,515

1,241

Okta,

Inc.

b

116,580

1,645

ON

Semiconductor

Corporation

b

128,721

7,358

Onto

Innovation,

Inc.

b

1,407,585

293

OSI

Systems,

Inc.

b

43,358

3,407

Palo

Alto

Networks,

Inc.

b

1,106,355

18,992

PDF

Solutions,

Inc.

b

666,429

3,897

Plexus

Corporation

b

499,479

706

Procore

Technologies,

Inc.

b

50,147

Shares

Common

Stock

(21.8%)

Value

Information

Technology

(4.8%)

-

continued

7,726

PTC,

Inc.

b

$

1,374,069

6,519

Q2

Holdings,

Inc.

b

439,837

1,469

Qorvo,

Inc.

b

175,986

34,984

QUALCOMM,

Inc.

6,330,355

12,906

Salesforce,

Inc.

3,340,073

59,342

Samsung

Electronics

Company,

Ltd.

3,659,163

5,024

ServiceNow,

Inc.

b

4,091,495

6,899

Silicon

Laboratories,

Inc.

b

828,777

10,356

SolarWinds

Corporation

123,547

2,001

Synopsys,

Inc.

b

1,117,198

10,944

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

1,814,515

2,997

TD

SYNNEX

Corporation

357,153

1,784

TE

Connectivity,

Ltd.

275,325

252

Teledyne

Technologies,

Inc.

b

106,309

2,438

Tenable

Holdings,

Inc.

b

111,953

42,959

Trimble,

Inc.

b

2,342,984

60,009

TTM

Technologies,

Inc.

b

1,162,974

2,318

Tyler

Technologies,

Inc.

b

1,316,879

8,178

Unisys

Corporation

b

38,927

3,159

Unity

Software,

Inc.

b

51,681

746

Universal

Display

Corporation

166,075

31,962

Varonis

Systems,

Inc.

b

1,762,065

5,639

VeriSign,

Inc.

b

1,054,549

2,784

Viavi

Solutions,

Inc.

b

22,383

15,041

Vontier

Corporation

590,058

12,264

Workiva,

Inc.

b

904,715

1,800

Xerox

Holdings

Corporation

19,377

Total

179,801,032

Materials

(0.8%)

1,036

Albemarle

Corporation

97,042

6,054

Alcoa

Corporation

200,024

1,094

AptarGroup,

Inc.

160,796

183

Avery

Dennison

Corporation

39,680

7,090

Avient

Corporation

320,752

25,143

Axalta

Coating

Systems,

Ltd.

b

896,348

1,865

Ball

Corporation

119,043

1,174

Berry

Plastics

Group,

Inc.

77,155

1,044

Celanese

Corporation

147,361

25,851

CF

Industries

Holdings,

Inc.

1,974,758

19,171

Chemours

Company

463,363

18,696

Corteva,

Inc.

1,048,846

2,222

DuPont

de

Nemours,

Inc.

185,981

3,138

Eagle

Materials,

Inc.

854,477

27,977

Eastman

Chemical

Company

2,890,864

13,605

Ecolab,

Inc.

3,138,538

18,347

Element

Solutions,

Inc.

494,452

3,216

Greif,

Inc.

214,443

2,612

Huntsman

Corporation

62,505

12,381

Ingevity

Corporation

b

568,164

3,716

Innospec,

Inc.

487,316

182

International

Flavors

&

Fragrances,

Inc.

18,105

21,821

Ivanhoe

Mines,

Ltd.

b

285,278

3,702

Kaiser

Aluminum

Corporation

291,310

7,277

Knife

River

Corporation

b

578,667

1,600

Koppers

Holdings,

Inc.

65,136

5,600

Linde

plc

2,539,600

5,554

Louisiana-Pacific

Corporation

545,181

255

LyondellBasell

Industries

NV

25,362

2,161

Martin

Marietta

Materials,

Inc.

1,282,229

3,867

Minerals

Technologies,

Inc.

303,096

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

144

Shares

Common

Stock

(21.8%)

Value

Materials

(0.8%)

-

continued

15,974

Mosaic

Company

$

475,546

17,695

Nucor

Corporation

2,883,223

7,255

O-I

Glass,

Inc.

b

96,927

4,056

Orion

SA

99,859

37

Packaging

Corporation

of

America

7,395

685

PPG

Industries,

Inc.

86,981

4,152

Radius

Recycling,

Inc.

75,234

54,459

Ranpak

Holdings

Corporation

b

393,194

6,642

RPM

International,

Inc.

806,737

3,242

Sealed

Air

Corporation

123,358

1,194

Sensient

Technologies

Corporation

93,192

3,110

Steel

Dynamics,

Inc.

414,314

19,267

Summit

Materials,

Inc.

b

804,975

5,063

SunCoke

Energy,

Inc.

59,237

16,245

Trinseo

plc

46,948

45,735

Tronox

Holdings

plc

739,078

3,675

United

States

Lime

&

Minerals,

Inc.

312,559

10,118

United

States

Steel

Corporation

415,749

1,373

Vulcan

Materials

Company

376,902

3,477

West

Fraser

Timber

Company,

Ltd.

308,375

Total

28,995,655

Real

Estate

(0.9%)

5,316

Acadia

Realty

Trust

115,038

30,832

Agree

Realty

Corporation

2,126,483

1,603

Alexandria

Real

Estate

Equities,

Inc.

188,016

11,258

AvalonBay

Communities,

Inc.

2,306,989

4,152

Brixmor

Property

Group,

Inc.

105,752

19,907

CBRE

Group,

Inc.

b

2,243,718

46,171

Compass,

Inc.

b

202,691

13,787

CoStar

Group,

Inc.

b

1,075,662

17,829

Crown

Castle,

Inc.

1,962,616

59,164

Cushman

and

Wakefield

plc

b

775,640

2,593

DiamondRock

Hospitality

Company

21,340

25,712

Douglas

Elliman,

Inc.

b

52,967

10,204

EastGroup

Properties,

Inc.

1,908,046

17,540

EPR

Properties

789,300

1,218

Equinix,

Inc.

962,512

58,620

Equity

Commonwealth

b

1,194,089

128,872

Essential

Properties

Realty

Trust,

Inc.

3,813,323

610

Essex

Property

Trust,

Inc.

169,800

726

Extra

Space

Storage,

Inc.

115,884

6,544

First

Industrial

Realty

Trust,

Inc.

358,088

22,084

Four

Corners

Property

Trust,

Inc.

599,360

12,049

Getty

Realty

Corporation

356,891

87,114

Healthcare

Realty

Trust,

Inc.

1,541,047

3,387

Howard

Hughes

Holdings,

Inc.

b

251,214

5,252

Independence

Realty

Trust,

Inc.

97,950

9,395

Industrial

Logistics

Properties

Trust

48,290

12,241

Invitation

Homes,

Inc.

431,740

31,885

LXP

Industrial

Trust

328,416

9,472

Medical

Properties

Trust,

Inc.

45,560

30,805

National

Storage

Affiliates

Trust

1,311,369

23,907

NetSTREIT

Corporation

393,748

15,936

Pebblebrook

Hotel

Trust

218,164

34,544

Phillips

Edison

and

Company,

Inc.

1,212,494

5,457

Plymouth

Industrial

REIT,

Inc.

130,531

2,038

RE/MAX

Holdings,

Inc.

19,667

9,658

Retail

Opportunity

Investments

Corporation

144,387

1,479

RMR

Group,

Inc.

38,365

4,786

SBA

Communications

Corporation

1,050,718

Shares

Common

Stock

(21.8%)

Value

Real

Estate

(0.9%)

-

continued

43,794

STAG

Industrial,

Inc.

$

1,787,233

2,570

Sun

Communities,

Inc.

325,696

21,855

Tanger,

Inc.

631,610

33,491

Terreno

Realty

Corporation

2,291,119

21,935

UDR,

Inc.

878,936

7,352

Zillow

Group,

Inc.,

Class

A

b

348,485

1,526

Zillow

Group,

Inc.,

Class

C

b

74,316

Total

35,045,260

Utilities

(0.6%)

3,722

Alliant

Energy

Corporation

207,167

6,990

American

Water

Works

Company,

Inc.

995,096

6,443

CenterPoint

Energy,

Inc.

178,793

22,943

Clearway

Energy,

Inc.,

Class

A

565,086

18,456

Clearway

Energy,

Inc.,

Class

C

492,406

8,690

Constellation

Energy

Corporation

1,649,362

21,565

Duke

Energy

Corporation

2,356,408

18,680

Entergy

Corporation

2,166,320

51,650

Evergy,

Inc.

2,995,700

4,130

Eversource

Energy

268,078

12,943

Hawaiian

Electric

Industries,

Inc.

214,336

23,498

NextEra

Energy

Partners,

LP

a

600,374

7,089

NiSource,

Inc.

221,531

2,047

Northwestern

Energy

Group,

Inc.

110,067

14,452

PNM

Resources,

Inc.

600,914

17,899

Portland

General

Electric

Company

848,055

25,916

Public

Service

Enterprise

Group,

Inc.

2,067,319

2,815

Spire,

Inc.

187,451

68,673

UGI

Corporation

1,701,717

7,204

Vistra

Energy

Corporation

570,701

52,385

Xcel

Energy,

Inc.

3,052,998

Total

22,049,879

Total

Common

Stock

(cost

$612,600,585)

816,190,650

Principal

Amount

Long-Term

Fixed

Income

(

19.7%

)

Value

Asset-Backed

Securities

(0.5%)

510

Asset

Backed

Trust

$

855,629

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

c,d

850,304

720

East

CLO,

Ltd.

900,000

8.532%, 

(TSFR3M

+

3.250%),

1/20/2036,

Ser.

2022-1A,

Class

B

c,e

906,597

300,000

9.532%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

c,e

302,228

Access

Group,

Inc.

15,863

5.962%, 

(SOFR30A

+

0.614%),

2/25/2036,

Ser.

2013-1,

Class

A

c,e

15,763

AMSR

Trust

1,000,000

2.352%, 

6/17/2038,

Ser.

2021-SFR1,

Class

C

c

895,882

1,500,000

1.877%, 

8/17/2038,

Ser.

2021-SFR2,

Class

C

c

1,389,948

600,000

2.517%, 

12/17/2038,

Ser.

2021-SFR4,

Class

C

c

555,397

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

145

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Asset-Backed

Securities

(0.5%)

-

continued

Ares

XL

CLO,

Ltd.

$

875,000

8.363%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

c,e

$

875,188

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

244,000

5.360%, 

6/20/2030,

Ser.

2024-1A,

Class

A

c

247,689

CarVal

CLO

I,

Ltd.

600,000

7.136%, 

(TSFR3M

+

1.850%),

7/16/2031,

Ser.

2018-1A,

Class

BR

c,e

601,827

CMFT

Net

Lease

Master

Issuer,

LLC

550,680

2.090%, 

7/20/2051,

Ser.

2021-1,

Class

A1

c

481,405

Commonbond

Student

Loan

Trust

15,798

5.964%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

c,e

15,528

Dryden

36

Senior

Loan

Fund

700,000

7.613%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

c,e

700,989

Foundation

Finance

Trust

272,057

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

c

250,111

FRTKL

Trust

1,050,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

c

968,337

GSAA

Home

Equity

Trust

1,534,801

4.349%, 

8/25/2034,

Ser.

2004-10,

Class

M2

e

1,407,190

Home

Partners

of

America

Trust

1,057,113

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

c

984,662

845,865

2.078%, 

9/17/2041,

Ser.

2021-1,

Class

C

c

721,912

Hotwire

Funding,

LLC

850,000

5.893%, 

6/20/2054,

Ser.

2024-1A,

Class

A2

c

874,879

Laurel

Road

Prime

Student

Loan

Trust

317,235

5.930%, 

11/25/2043,

Ser.

2018-D,

Class

A

c,e

300,231

National

Collegiate

Trust

158,632

5.759%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

c,e

154,693

Oak

Street

Investment

644,463

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

c

608,825

Sunnova

Hestia

II

Issuer,

LLC

636,989

5.630%, 

7/20/2051,

Ser.

2024-GRID1,

Class

1A

c,f

646,444

Unlock

HEA

Trust

592,143

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

c

591,449

VCAT

Asset

Securitization,

LLC

438,868

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

c,d

432,719

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Asset-Backed

Securities

(0.5%)

-

continued

Vericrest

Opportunity

Loan

Transferee

$

244,597

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

c,d

$

243,842

382,796

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

c,d

362,696

186,769

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

c,d

187,075

375,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

c,d

340,438

Wind

River

CLO,

Ltd.

525,000

7.544%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

c,e

525,359

Total

17,439,607

Basic

Materials

(0.1%)

Alliance

Resource

Operating

Partners,

LP/Alliance

Resource

Finance

Corporation

53,000

8.625%, 

6/15/2029

c

55,720

ATI,

Inc.

116,000

7.250%, 

8/15/2030

121,280

Axalta

Coating

Systems

Dutch

Holding

B

BV

92,000

7.250%, 

2/15/2031

c

96,484

Cascades,

Inc./Cascades

USA,

Inc.

180,000

5.125%, 

1/15/2026

c

177,729

Chemours

Company

277,000

5.750%, 

11/15/2028

c

259,133

Cleveland-Cliffs,

Inc.

72,000

5.875%, 

6/1/2027

71,904

80,000

4.625%, 

3/1/2029

c

75,800

65,000

4.875%, 

3/1/2031

c

59,325

65,000

6.250%, 

10/1/2040

56,222

Consolidated

Energy

Finance

SA

373,000

5.625%, 

10/15/2028

c

298,112

Eastman

Chemical

Company

219,000

5.000%, 

8/1/2029

219,647

First

Quantum

Minerals,

Ltd.

80,000

6.875%, 

10/15/2027

c

78,661

FMC

Corporation

230,000

5.150%, 

5/18/2026

230,277

FMG

Resources

August

2006,

Pty.

Ltd.

65,000

5.875%, 

4/15/2030

c

64,054

Glencore

Funding,

LLC

228,000

3.375%, 

9/23/2051

c

150,806

325,000

4.000%, 

3/27/2027

c

317,642

234,000

6.125%, 

10/6/2028

c

243,295

Hecla

Mining

Company

110,000

7.250%, 

2/15/2028

110,914

Hudbay

Minerals,

Inc.

109,000

4.500%, 

4/1/2026

c

106,593

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

75,000

9.000%, 

7/1/2028

c

75,245

INEOS

Finance

plc

195,000

7.500%, 

4/15/2029

c

198,496

International

Flavors

&

Fragrances,

Inc.

272,000

1.230%, 

10/1/2025

c

259,712

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

146

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Basic

Materials

(0.1%)

-

continued

Mercer

International,

Inc.

$

76,000

5.125%, 

2/1/2029

a

$

64,414

Methanex

Corporation

99,000

4.250%, 

12/1/2024

98,203

95,000

5.125%, 

10/15/2027

92,499

64,000

5.250%, 

12/15/2029

a

62,285

Mineral

Resources,

Ltd.

100,000

9.250%, 

10/1/2028

c

106,346

Mosaic

Company

230,000

5.375%, 

11/15/2028

234,404

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

91,000

5.350%, 

3/15/2034

c

93,150

Novelis

Corporation

29,000

3.250%, 

11/15/2026

c

27,590

68,000

4.750%, 

1/30/2030

c

64,251

90,000

3.875%, 

8/15/2031

c

79,064

OCI

NV

101,000

4.625%, 

10/15/2025

c

100,054

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

132,000

5.375%, 

11/1/2026

c

128,974

Smurfit

Kappa

Treasury,

ULC

253,000

5.777%, 

4/3/2054

c

258,029

SNF

Group

SACA

147,000

3.375%, 

3/15/2030

c

126,482

SunCoke

Energy,

Inc.

164,000

4.875%, 

6/30/2029

c

149,986

Taseko

Mines,

Ltd.

131,000

8.250%, 

5/1/2030

c

134,322

Tronox,

Inc.

65,000

4.625%, 

3/15/2029

a,c

59,203

United

States

Steel

Corporation

86,000

6.875%, 

3/1/2029

86,525

Total

5,292,832

Capital

Goods

(0.4%)

Advanced

Drainage

Systems,

Inc.

133,000

6.375%, 

6/15/2030

c

133,891

AECOM

130,000

5.125%, 

3/15/2027

128,439

Amsted

Industries,

Inc.

148,000

5.625%, 

7/1/2027

c

145,620

15,000

4.625%, 

5/15/2030

c

13,822

BAE

Systems

plc

200,000

5.500%, 

3/26/2054

c

200,184

200,000

5.250%, 

3/26/2031

c

203,662

Boeing

Company

460,000

5.930%, 

5/1/2060

423,079

265,000

5.040%, 

5/1/2027

263,154

162,000

6.259%, 

5/1/2027

c

165,537

194,000

6.388%, 

5/1/2031

c

202,549

544,000

5.705%, 

5/1/2040

518,519

Bombardier,

Inc.

25,000

7.875%, 

4/15/2027

c

25,038

120,000

6.000%, 

2/15/2028

c

119,655

111,000

7.250%, 

7/1/2031

c

114,270

185,000

7.000%, 

6/1/2032

a,c

189,156

Brand

Industrial

Services,

Inc.

148,000

10.375%, 

8/1/2030

c

162,522

Builders

FirstSource,

Inc.

140,000

5.000%, 

3/1/2030

c

133,948

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Capital

Goods

(0.4%)

-

continued

Camelot

Return

Merger

Sub,

Inc.

$

97,000

8.750%, 

8/1/2028

c

$

96,439

Canpack

SA/Canpack

US,

LLC

264,000

3.875%, 

11/15/2029

c

236,905

Carrier

Global

Corporation

276,000

2.700%, 

2/15/2031

243,573

Caterpillar

Financial

Services

Corporation

310,000

5.000%, 

5/14/2027

314,324

Chart

Industries,

Inc.

173,000

7.500%, 

1/1/2030

c

179,972

Clean

Harbors,

Inc.

130,000

6.375%, 

2/1/2031

c

131,472

Clydesdale

Acquisition

Holdings,

Inc.

23,000

6.625%, 

4/15/2029

c

22,915

125,000

6.875%, 

1/15/2030

c,g

124,529

Cornerstone

Building

Brands,

Inc.

34,000

9.500%, 

8/15/2029

c

34,043

Crown

Cork

&

Seal

Company,

Inc.

148,000

7.375%, 

12/15/2026

154,221

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

203,000

6.625%, 

12/15/2030

c

206,811

EquipmentShare.com,

Inc.

66,000

8.625%, 

5/15/2032

c

68,525

ESAB

Corporation

122,000

6.250%, 

4/15/2029

c

123,724

GFL

Environmental,

Inc.

116,000

4.000%, 

8/1/2028

c

109,039

250,000

3.500%, 

9/1/2028

c

232,399

H&E

Equipment

Services,

Inc.

283,000

3.875%, 

12/15/2028

c

258,588

Herc

Holdings,

Inc.

42,000

5.500%, 

7/15/2027

c

41,653

105,000

6.625%, 

6/15/2029

c

107,206

Honeywell

International,

Inc.

404,000

4.700%, 

2/1/2030

406,653

Howmet

Aerospace,

Inc.

343,000

5.950%, 

2/1/2037

360,460

Ingersoll

Rand,

Inc.

291,000

5.176%, 

6/15/2029

296,308

60,000

5.700%, 

8/14/2033

62,904

Lockheed

Martin

Corporation

211,000

5.200%, 

2/15/2064

207,276

78,000

6.150%, 

9/1/2036

86,714

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

39,000

6.750%, 

4/1/2032

c

39,569

MIWD

Holdco

II,

LLC

93,000

5.500%, 

2/1/2030

c

86,871

Mueller

Water

Products,

Inc.

97,000

4.000%, 

6/15/2029

c

90,510

Nesco

Holdings

II,

Inc.

170,000

5.500%, 

4/15/2029

c

158,225

New

Enterprise

Stone

and

Lime

Company,

Inc.

196,000

5.250%, 

7/15/2028

c

188,236

Nordson

Corporation

234,000

5.600%, 

9/15/2028

240,847

Northrop

Grumman

Corporation

550,000

3.850%, 

4/15/2045

443,170

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

147

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Capital

Goods

(0.4%)

-

continued

OI

European

Group

BV

$

141,000

4.750%, 

2/15/2030

c

$

129,678

Owens-Brockway

Glass

Container,

Inc.

93,000

6.625%, 

5/13/2027

c

93,091

53,000

7.375%, 

6/1/2032

c

52,348

Pactiv

Evergreen

Group

104,000

4.375%, 

10/15/2028

c

97,630

Regal

Rexnord

Corporation

284,000

6.050%, 

2/15/2026

286,206

Resideo

Funding,

Inc.

136,000

6.500%, 

7/15/2032

c

135,993

Reworld

Holding

Corporation

90,000

4.875%, 

12/1/2029

c

82,299

Roller

Bearing

Company

of

America,

Inc.

131,000

4.375%, 

10/15/2029

c

122,287

RTX

Corporation

79,000

6.400%, 

3/15/2054

88,759

186,000

4.125%, 

11/16/2028

182,116

375,000

4.450%, 

11/16/2038

343,239

Sealed

Air

Corporation/Sealed

Air

Corporation

(US)

104,000

6.125%, 

2/1/2028

c

104,719

Smyrna

Ready

Mix

Concrete,

LLC

166,000

8.875%, 

11/15/2031

c

178,891

Spirit

AeroSystems,

Inc.

195,000

9.750%, 

11/15/2030

c

217,327

SRM

Escrow

Issuer,

LLC

103,000

6.000%, 

11/1/2028

c

102,032

Standard

Industries,

Inc./NJ

65,000

4.750%, 

1/15/2028

c

62,274

65,000

3.375%, 

1/15/2031

c

55,606

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

47,000

7.250%, 

1/15/2031

c

49,008

Textron,

Inc.

338,000

3.375%, 

3/1/2028

322,228

Trane

Technologies

Financing,

Ltd.

211,000

5.100%, 

6/13/2034

214,697

TransDigm,

Inc.

135,000

5.500%, 

11/15/2027

133,306

201,000

7.125%, 

12/1/2031

c

208,615

183,000

6.625%, 

3/1/2032

c

187,177

Trivium

Packaging

Finance

98,000

5.500%, 

8/15/2026

c

95,988

United

Rentals

North

America,

Inc.

180,000

4.875%, 

1/15/2028

176,043

170,000

4.000%, 

7/15/2030

155,491

Veralto

Corporation

232,000

5.350%, 

9/18/2028

c

236,819

WESCO

Distribution,

Inc.

125,000

7.250%, 

6/15/2028

c

128,093

65,000

6.375%, 

3/15/2029

c

65,841

46,000

6.625%, 

3/15/2032

c

46,859

Total

12,851,786

Collateralized

Mortgage

Obligations

(0.8%)

A&D

Mortgage

Trust

677,179

6.701%, 

4/25/2069,

Ser.

2024-NQM2,

Class

A2

c,d

683,403

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Collateralized

Mortgage

Obligations

(0.8%)

-

continued

Alternative

Loan

Trust

$

108,085

6.000%, 

8/1/2036,

Ser.

2006-24CB,

Class

A9

$

59,808

Arroyo

Mortgage

Trust

1,000,000

3.269%, 

12/25/2056,

Ser.

2022-1,

Class

A1B

c,d

919,121

BINOM

Securitization

Trust

416,111

2.370%, 

6/25/2056,

Ser.

2021-INV1,

Class

A2

c,e

365,902

CHL

Mortgage

Pass-Through

Trust

964,601

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

431,756

CHNGE

Mortgage

Trust

631,157

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

c,d

632,487

834,238

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

c,d

832,976

Citicorp

Mortgage

Securities,

Inc.

387,709

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

350,396

COLT

Mortgage

Loan

Trust

781,257

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

c,e

680,303

Countrywide

Alternative

Loan

Trust

128,701

4.001%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

e

104,797

575,322

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

202,216

Countrywide

Home

Loans,

Inc.

149,613

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

69,700

Credit

Suisse

Mortgage

Trust

407,823

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

c,e

406,766

452,631

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

c,e

389,911

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

62,841

6.000%, 

7/25/2024,

Ser.

2006-AR5,

Class

23A

34,112

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

1,461,990

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

1,415,736

181,955

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

h

13,395

514,978

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

h

46,613

1,142,128

4.500%, 

10/15/2033,

Ser.

2695,

Class

BH

1,135,914

1,100,000

2.500%, 

12/15/2048,

Ser.

5094,

Class

BC

882,109

Federal

National

Mortgage

Association

-

REMIC

203,562

5.000%, 

3/25/2054,

Ser.

2024-9,

Class

ZC

198,890

1,421,079

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

1,408,958

1,334,487

Zero

Coupon, 

11/25/2053,

Ser.

2023-54,

Class

EO

1,078,051

415,278

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

h

11,960

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

148

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Collateralized

Mortgage

Obligations

(0.8%)

-

continued

$

2,014,495

5.250%, 

7/25/2039,

Ser.

2022-72,

Class

CB

$

2,010,125

1,149,483

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

1,133,254

Flagstar

Mortgage

Trust

473,506

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

c,e

418,576

GCAT

Trust

635,952

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

c,e

569,325

GS

Mortgage-Backed

Securities

Trust

1,021,122

3.000%, 

6/25/2052,

Ser.

2022-GR1,

Class

A2

c,e

866,518

GSR

Mortgage

Loan

Trust

579,694

5.525%, 

9/25/2034,

Ser.

2004-11,

Class

2A2

e

554,303

HTAP

591,551

7.000%, 

4/25/2037,

Ser.

2024-1,

Class

A

c,e

585,805

J.P.

Morgan

Mortgage

Trust

858,160

2.500%, 

2/25/2052,

Ser.

2021-INV7,

Class

A2A

c,e

700,178

648,229

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

c,e

540,526

LHOME

Mortgage

Trust

600,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

c,d

610,565

450,000

6.900%, 

5/25/2029,

Ser.

2024-RTL3,

Class

A1

c,d

455,925

Mello

Mortgage

Capital

Acceptance

936,910

2.500%, 

8/25/2051,

Ser.

2021-INV2,

Class

A3

c,e

764,313

Merrill

Lynch

Alternative

Note

Asset

Trust

145,624

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

52,387

New

Residential

Mortgage

Loan

Trust

1,814,959

2.500%, 

9/25/2051,

Ser.

2021-INV2,

Class

A2

c,e

1,479,520

OBX

Trust

575,000

3.688%, 

1/25/2062,

Ser.

2022-NQM3,

Class

A1B

c,e

515,534

Palisades

Mortgage

Loan

Trust

775,257

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

c

767,806

Preston

Ridge

Partners

Mortgage

Trust,

LLC

550,000

3.500%, 

5/25/2054,

Ser.

2024-RPL2,

Class

A2

c,d

506,966

Residential

Accredit

Loans,

Inc.

Trust

154,530

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

135,277

ROC

Securities

Trust

Series

543,884

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

c,e

542,464

Saluda

Grade

Alternative

Mortgage

Trust

1,000,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

c,d

1,012,374

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Collateralized

Mortgage

Obligations

(0.8%)

-

continued

$

800,000

7.439%, 

7/25/2030,

Ser.

2024-RTL6,

Class

A1

c,d

$

806,027

TRK

Trust

638,632

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

c,e

555,912

Vericrest

Opportunity

Loan

Transferee

249,720

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

c,d

249,421

Verus

Securitization

Trust

338,304

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

c,e

296,601

Total

28,484,982

Commercial

Mortgage-Backed

Securities

(0.3%)

BANK

2022-BNK39

3,975,913

0.421%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

e,h

102,533

BANK5

2024-5YR8

500,000

6.378%, 

8/15/2057,

Ser.

2024-5YR8,

Class

AS

e,g

518,578

BBCMS

Mortgage

Trust

1,100,000

6.014%, 

7/15/2057,

Ser.

2024-5C27,

Class

A3

1,148,756

6,972,065

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

e,h

514,816

5,541,491

1.815%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

e,h

437,415

Benchmark

Mortgage

Trust

1,250,000

6.189%, 

7/15/2057,

Ser.

2024-V8,

Class

A3

1,312,324

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

1,900,000

5.180%, 

3/25/2029,

Ser.

K520,

Class

A2

e

1,955,077

1,750,000

3.000%, 

6/25/2032,

Ser.

K147,

Class

A2

e,f

1,586,591

900,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

e,f

843,691

600,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

f

562,961

250,000

3.710%, 

9/25/2032,

Ser.

K-150,

Class

A2

e,f

237,342

3,000,000

3.800%, 

10/25/2032,

Ser.

K-151,

Class

A2

e,f

2,864,341

Morgan

Stanley

Capital

I

Trust

5,901,915

1.827%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

e,h

494,157

Total

12,578,582

Communications

Services

(0.5%)

AMC

Networks,

Inc.

33,000

10.250%, 

1/15/2029

c

32,609

American

Tower

Corporation

100,000

3.375%, 

10/15/2026

96,670

235,000

5.800%, 

11/15/2028

243,794

275,000

2.900%, 

1/15/2030

248,849

205,000

5.650%, 

3/15/2033

211,405

AT&T,

Inc.

342,000

3.650%, 

6/1/2051

248,071

502,000

3.500%, 

9/15/2053

350,967

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

149

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Communications

Services

(0.5%)

-

continued

$

230,000

5.400%, 

2/15/2034

$

234,976

300,000

4.900%, 

8/15/2037

287,467

Bell

Telephone

Company

of

Canada

320,000

5.550%, 

2/15/2054

319,371

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

220,000

5.125%, 

5/1/2027

c

213,678

100,000

5.000%, 

2/1/2028

c

95,202

143,000

5.375%, 

6/1/2029

c

133,685

18,000

6.375%, 

9/1/2029

c

17,526

185,000

4.750%, 

3/1/2030

c

165,622

231,000

4.500%, 

8/15/2030

c

202,250

99,000

4.250%, 

2/1/2031

c

84,235

362,000

4.750%, 

2/1/2032

c

309,583

150,000

4.250%, 

1/15/2034

c

118,498

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

164,000

6.150%, 

11/10/2026

167,136

341,000

4.200%, 

3/15/2028

327,861

284,000

6.100%, 

6/1/2029

290,318

650,000

3.500%, 

6/1/2041

450,611

Cimpress

plc

74,000

7.000%, 

6/15/2026

74,013

Clear

Channel

Outdoor

Holdings,

Inc.

32,000

7.875%, 

4/1/2030

c

32,566

Clear

Channel

Worldwide

Holdings,

Inc.

270,000

5.125%, 

8/15/2027

c

261,530

Comcast

Corporation

341,000

5.350%, 

5/15/2053

333,792

223,000

5.100%, 

6/1/2029

228,431

130,000

4.400%, 

8/15/2035

123,284

428,000

4.750%, 

3/1/2044

393,305

Deutsche

Telekom

International

Finance

BV

569,000

8.750%, 

6/15/2030

676,076

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

441,000

5.875%, 

8/15/2027

c

424,662

Frontier

Communications

Holdings,

LLC

196,000

5.875%, 

10/15/2027

c

194,071

99,000

8.750%, 

5/15/2030

c

103,716

65,000

8.625%, 

3/15/2031

c

68,081

GCI,

LLC

150,000

4.750%, 

10/15/2028

c

139,243

Gray

Television,

Inc.

145,000

7.000%, 

5/15/2027

a,c

140,347

185,000

10.500%, 

7/15/2029

c

193,049

Iliad

Holding

SASU

172,000

8.500%, 

4/15/2031

c

179,194

Intelsat

Jackson

Holdings

SA

169,000

6.500%, 

3/15/2030

c

160,774

Lamar

Media

Corporation

94,000

3.625%, 

1/15/2031

83,524

LCPR

Senior

Secured

Financing

DAC

241,000

6.750%, 

10/15/2027

c

224,598

Level

3

Financing,

Inc.

63,680

10.500%, 

4/15/2029

a,c

65,272

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Communications

Services

(0.5%)

-

continued

$

63,681

11.000%, 

11/15/2029

c

$

67,415

83,000

10.500%, 

5/15/2030

a,c

84,826

McGraw-Hill

Education,

Inc.

194,000

5.750%, 

8/1/2028

c

186,849

Meta

Platforms,

Inc.

170,000

5.600%, 

5/15/2053

177,235

413,000

3.850%, 

8/15/2032

391,765

Netflix,

Inc.

110,000

5.875%, 

11/15/2028

115,364

272,000

5.375%, 

11/15/2029

c

281,383

300,000

4.875%, 

6/15/2030

c

303,354

News

Corporation

108,000

3.875%, 

5/15/2029

c

99,988

Nexstar

Media,

Inc.

79,000

5.625%, 

7/15/2027

c

76,619

65,000

4.750%, 

11/1/2028

a,c

59,805

Omnicom

Group,

Inc.

210,000

4.200%, 

6/1/2030

203,370

Optics

Bidco

SPA

166,000

6.000%, 

9/30/2034

c

156,870

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

70,000

4.625%, 

3/15/2030

c

64,318

Paramount

Global

56,000

6.375%, 

3/30/2062

e

51,415

Playtika

Holding

Corporation

146,000

4.250%, 

3/15/2029

c

129,723

Rogers

Communications,

Inc.

304,000

5.000%, 

2/15/2029

305,000

391,000

5.300%, 

2/15/2034

391,889

Scripps

Escrow

II,

Inc.

64,000

3.875%, 

1/15/2029

c

41,636

Sinclair

Television

Group,

Inc.

60,000

4.125%, 

12/1/2030

c

41,704

Sirius

XM

Radio,

Inc.

215,000

5.000%, 

8/1/2027

c

208,041

105,000

4.000%, 

7/15/2028

c

96,364

125,000

4.125%, 

7/1/2030

c

108,647

Sprint

Capital

Corporation

573,000

8.750%, 

3/15/2032

696,722

Take-Two

Interactive

Software,

Inc.

221,000

5.600%, 

6/12/2034

225,240

TEGNA,

Inc.

65,000

4.750%, 

3/15/2026

c

64,001

188,000

4.625%, 

3/15/2028

172,478

Telecom

Italia

Capital

SA

11,000

6.000%, 

9/30/2034

10,354

Telenet

Finance

Luxembourg

Notes

SARL

200,000

5.500%, 

3/1/2028

c

190,747

T-Mobile

USA,

Inc.

569,000

3.600%, 

11/15/2060

396,746

352,000

4.850%, 

1/15/2029

353,722

300,000

4.375%, 

4/15/2040

266,007

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

198,000

4.750%, 

4/15/2028

c

170,999

Univision

Communications,

Inc.

27,000

8.000%, 

8/15/2028

c

27,134

197,000

4.500%, 

5/1/2029

c

172,072

97,000

7.375%, 

6/30/2030

c

93,390

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

150

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Communications

Services

(0.5%)

-

continued

Urban

One,

Inc.

$

39,000

7.375%, 

2/1/2028

c

$

29,767

Verizon

Communications,

Inc.

342,000

3.000%, 

11/20/2060

211,692

994,000

2.650%, 

11/20/2040

702,506

500,000

3.400%, 

3/22/2041

391,983

Viasat,

Inc.

105,000

6.500%, 

7/15/2028

a,c

85,480

Virgin

Media

Finance

plc

72,000

5.000%, 

7/15/2030

c

60,677

Virgin

Media

Secured

Finance

plc

151,000

5.500%, 

5/15/2029

c

140,634

VMED

O2

UK

Financing

I

plc

78,000

4.750%, 

7/15/2031

c

66,966

69,000

7.750%, 

4/15/2032

c

68,966

Vodafone

Group

plc

98,000

5.125%, 

6/4/2081

e

73,633

262,000

5.750%, 

6/28/2054

260,018

VZ

Secured

Financing

BV

235,000

5.000%, 

1/15/2032

c

205,926

Warnermedia

Holdings,

Inc.

302,000

4.054%, 

3/15/2029

279,803

229,000

5.050%, 

3/15/2042

180,654

Windstream

Escrow,

LLC/

Windstream

Escrow

Finance

Corporation

70,000

7.750%, 

8/15/2028

c

67,523

Zegona

Finance

plc

121,000

8.625%, 

7/15/2029

c

123,435

Ziggo

Bond

Company

BV

70,000

5.125%, 

2/28/2030

a,c

61,813

Ziggo

BV

70,000

4.875%, 

1/15/2030

c

63,728

Total

18,508,308

Consumer

Cyclical

(0.6%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

210,000

4.375%, 

1/15/2028

c

199,687

Adient

Global

Holdings,

Ltd.

104,000

8.250%, 

4/15/2031

a,c

109,343

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

3,000

6.625%, 

7/15/2026

c

3,004

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

255,000

4.625%, 

6/1/2028

c

235,417

Allison

Transmission,

Inc.

94,000

3.750%, 

1/30/2031

c

83,664

Amazon.com,

Inc.

324,000

3.875%, 

8/22/2037

293,687

American

Axle

&

Manufacturing,

Inc.

65,000

6.875%, 

7/1/2028

65,014

182,000

5.000%, 

10/1/2029

a

166,926

American

Honda

Finance

Corporation

355,000

5.050%, 

7/10/2031

359,477

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

35,000

7.000%, 

4/15/2030

a,c

29,684

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Arko

Corporation

$

97,000

5.125%, 

11/15/2029

a,c

$

84,620

Asbury

Automotive

Group,

Inc.

111,000

5.000%, 

2/15/2032

c

102,290

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

140,000

4.625%, 

8/1/2029

c

129,263

29,000

4.625%, 

4/1/2030

c

26,473

Aston

Martin

Capital

Holdings,

Ltd.

83,000

10.000%, 

3/31/2029

c

83,335

Beazer

Homes

USA,

Inc.

109,000

7.500%, 

3/15/2031

c

110,608

Boyd

Gaming

Corporation

150,000

4.750%, 

6/15/2031

c

138,170

Boyne

USA,

Inc.

105,000

4.750%, 

5/15/2029

c

99,438

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

98,000

4.875%, 

2/15/2030

c

89,839

Caesars

Entertainment,

Inc.

425,000

4.625%, 

10/15/2029

c

394,853

78,000

6.500%, 

2/15/2032

c

79,029

Carnival

Corporation

41,000

7.625%, 

3/1/2026

c

41,397

357,000

5.750%, 

3/1/2027

c

355,220

174,000

4.000%, 

8/1/2028

c

164,632

131,000

6.000%, 

5/1/2029

a,c

130,682

Cedar

Fair,

LP/Canada's

Wonderland

Company/Magnum

Management

Corporation/

Millennium

Operations,

LLC

32,000

5.375%, 

4/15/2027

31,911

139,000

5.250%, 

7/15/2029

135,363

Choice

Hotels

International,

Inc.

72,000

3.700%, 

12/1/2029

a

66,105

Churchill

Downs,

Inc.

140,000

4.750%, 

1/15/2028

c

135,169

69,000

6.750%, 

5/1/2031

c

70,074

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

172,000

6.750%, 

5/15/2028

c

175,151

Crocs,

Inc.

65,000

4.250%, 

3/15/2029

c

59,962

Cushman

&

Wakefield

US

Borrower,

LLC

32,000

6.750%, 

5/15/2028

c

32,064

D.R.

Horton,

Inc.

117,000

2.600%, 

10/15/2025

113,630

Daimler

Trucks

Finance

North

America,

LLC

392,000

2.000%, 

12/14/2026

c

367,391

Dana,

Inc.

64,000

5.625%, 

6/15/2028

62,372

97,000

4.250%, 

9/1/2030

85,658

95,000

4.500%, 

2/15/2032

83,003

eG

Global

Finance

plc

32,000

12.000%, 

11/30/2028

c

34,264

Expedia

Group,

Inc.

553,000

3.250%, 

2/15/2030

509,237

Ford

Motor

Credit

Company,

LLC

225,000

2.300%, 

2/10/2025

220,812

360,000

5.850%, 

5/17/2027

363,804

354,000

2.900%, 

2/10/2029

317,363

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

151

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Cyclical

(0.6%)

-

continued

$

315,000

7.122%, 

11/7/2033

$

336,382

Forestar

Group,

Inc.

66,000

3.850%, 

5/15/2026

c

63,819

Gap,

Inc.

46,000

3.625%, 

10/1/2029

c

40,208

Garrett

Motion

Holdings,

Inc./

Garrett

LX

I

SARL

127,000

7.750%, 

5/31/2032

c

129,135

General

Motors

Company

450,000

6.125%, 

10/1/2025

454,602

General

Motors

Financial

Company,

Inc.

300,000

1.500%, 

6/10/2026

281,255

120,000

5.400%, 

5/8/2027

121,345

413,000

5.800%, 

1/7/2029

424,749

311,000

5.600%, 

6/18/2031

314,670

GLP

Capital,

LP

469,000

5.750%, 

6/1/2028

474,950

GoDaddy

Operating

Company,

LLC/GD

Finance

Company,

Inc.

64,000

3.500%, 

3/1/2029

c

58,191

Goodyear

Tire

&

Rubber

Company

64,000

4.875%, 

3/15/2027

62,423

105,000

5.000%, 

7/15/2029

a

99,099

Group

1

Automotive,

Inc.

51,000

6.375%, 

1/15/2030

c

51,438

Hanesbrands,

Inc.

73,000

4.875%, 

5/15/2026

c

71,498

72,000

9.000%, 

2/15/2031

a,c

76,204

Harley-Davidson

Financial

Services,

Inc.

269,000

5.950%, 

6/11/2029

c

273,185

Hilton

Domestic

Operating

Company,

Inc.

292,000

4.875%, 

1/15/2030

282,321

32,000

4.000%, 

5/1/2031

c

28,985

187,000

3.625%, 

2/15/2032

c

163,783

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

227,000

5.000%, 

6/1/2029

c

213,509

Home

Depot,

Inc.

375,000

5.400%, 

9/15/2040

382,514

228,000

4.250%, 

4/1/2046

197,698

340,000

3.900%, 

6/15/2047

276,852

Hyundai

Capital

America

237,000

6.250%, 

11/3/2025

c

240,071

375,000

1.800%, 

1/10/2028

c

338,060

310,000

5.300%, 

6/24/2029

c

314,151

International

Game

Technology

plc

206,000

5.250%, 

1/15/2029

c

201,985

Jacobs

Entertainment,

Inc.

94,000

6.750%, 

2/15/2029

c

87,875

Jaguar

Land

Rover

Automotive

plc

76,000

5.500%, 

7/15/2029

c

74,326

KB

Home

215,000

4.800%, 

11/15/2029

205,930

L

Brands,

Inc.

240,000

6.625%, 

10/1/2030

c

242,279

70,000

6.875%, 

11/1/2035

70,922

Las

Vegas

Sands

Corporation

208,000

5.900%, 

6/1/2027

211,304

Light

&

Wonder

International,

Inc.

160,000

7.250%, 

11/15/2029

c

164,642

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Live

Nation

Entertainment,

Inc.

$

71,000

4.750%, 

10/15/2027

a,c

$

68,844

Lowe's

Companies,

Inc.

228,000

5.625%, 

4/15/2053

225,923

498,000

2.625%, 

4/1/2031

434,895

Macy's

Retail

Holdings,

LLC

130,000

5.875%, 

4/1/2029

a,c

126,972

63,000

6.125%, 

3/15/2032

c

60,126

75,000

4.500%, 

12/15/2034

63,678

Marriott

International,

Inc./MD

426,000

4.625%, 

6/15/2030

422,582

Mattamy

Group

Corporation

129,000

5.250%, 

12/15/2027

c

126,150

McDonald's

Corporation

470,000

4.450%, 

3/1/2047

404,390

Melco

Resorts

Finance,

Ltd.

176,000

5.375%, 

12/4/2029

c

158,267

180,000

7.625%, 

4/17/2032

c

179,095

Michaels

Companies,

Inc.

94,000

5.250%, 

5/1/2028

c

69,535

NCL

Corporation,

Ltd.

76,000

5.875%, 

3/15/2026

c

75,660

158,000

5.875%, 

2/15/2027

c

156,855

Nissan

Motor

Acceptance

Company,

LLC

361,000

1.125%, 

9/16/2024

c

358,639

Nordstrom,

Inc.

55,000

4.375%, 

4/1/2030

50,006

78,000

4.250%, 

8/1/2031

69,418

PENN

Entertainment,

Inc.

150,000

4.125%, 

7/1/2029

c

132,748

PetSmart,

Inc./PetSmart

Finance

Corporation

180,000

4.750%, 

2/15/2028

c

169,116

131,000

7.750%, 

2/15/2029

c

127,145

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

207,000

5.750%, 

4/15/2026

c

206,839

128,000

6.250%, 

1/15/2028

c

127,579

QVC,

Inc.

40,000

4.375%, 

9/1/2028

a

30,600

Rakuten

Group,

Inc.

95,000

11.250%, 

2/15/2027

c

102,644

115,000

9.750%, 

4/15/2029

c

121,746

Royal

Caribbean

Cruises,

Ltd.

288,000

4.250%, 

7/1/2026

c

280,497

138,000

9.250%, 

1/15/2029

c

147,509

58,000

7.250%, 

1/15/2030

c

60,789

51,000

6.000%, 

2/1/2033

c,g

51,334

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

72,000

6.625%, 

3/1/2030

c

70,418

SeaWorld

Parks

and

Entertainment,

Inc.

153,000

5.250%, 

8/15/2029

c

145,740

Service

Corporation

International/

US

64,000

3.375%, 

8/15/2030

56,626

Six

Flags

Entertainment

Corporation

32,000

7.250%, 

5/15/2031

a,c

32,990

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

152

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Six

Flags

Entertainment

Corporation/Six

Flags

Theme

Parks,

Inc.

$

32,000

6.625%, 

5/1/2032

c

$

32,859

Six

Flags

Theme

Parks,

Inc.

40,000

7.000%, 

7/1/2025

c

40,016

Sonic

Automotive,

Inc.

81,000

4.875%, 

11/15/2031

c

72,337

Staples,

Inc.

132,000

10.750%, 

9/1/2029

c

127,864

Station

Casinos,

LLC

111,000

4.625%, 

12/1/2031

c

101,155

Target

Corporation

342,000

2.950%, 

1/15/2052

227,450

Tenneco,

Inc.

209,000

8.000%, 

11/17/2028

c

189,680

Toyota

Motor

Credit

Corporation

111,000

4.800%, 

1/5/2034

110,470

VICI

Properties,

LP/VICI

Note

Company,

Inc.

390,000

4.625%, 

6/15/2025

c

386,121

136,000

5.750%, 

2/1/2027

c

136,951

176,000

4.125%, 

8/15/2030

c

163,214

Victoria's

Secret

&

Company

150,000

4.625%, 

7/15/2029

c

124,433

Viking

Cruises,

Ltd.

326,000

5.875%, 

9/15/2027

c

324,044

Volkswagen

Group

of

America

Finance,

LLC

362,000

5.300%, 

3/22/2027

c

366,206

Wabash

National

Corporation

101,000

4.500%, 

10/15/2028

c

91,700

Walgreens

Boots

Alliance,

Inc.

111,000

3.200%, 

4/15/2030

a

91,529

49,000

4.800%, 

11/18/2044

a

36,739

Walmart,

Inc.

298,000

4.500%, 

9/9/2052

273,198

WASH

Multifamily

Acquisition,

Inc.

99,000

5.750%, 

4/15/2026

c

97,427

Wyndham

Hotels

&

Resorts,

Inc.

168,000

4.375%, 

8/15/2028

c

158,515

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

153,000

7.125%, 

2/15/2031

c

159,497

Yum!

Brands,

Inc.

170,000

4.750%, 

1/15/2030

c

163,826

ZF

North

America

Capital,

Inc.

93,000

7.125%, 

4/14/2030

c

96,537

Total

21,956,568

Consumer

Non-Cyclical

(0.6%)

1375209

B.C.,

Ltd.

64,000

9.000%, 

1/30/2028

a,c

60,676

Abbott

Laboratories

375,000

4.750%, 

11/30/2036

374,879

AbbVie,

Inc.

122,000

5.400%, 

3/15/2054

123,594

200,000

4.500%, 

5/14/2035

193,656

271,000

5.350%, 

3/15/2044

275,436

AdaptHealth,

LLC

282,000

4.625%, 

8/1/2029

c

251,724

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Non-Cyclical

(0.6%)

-

continued

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

$

201,000

4.625%, 

1/15/2027

c

$

195,966

214,000

3.500%, 

3/15/2029

c

194,964

Altria

Group,

Inc.

237,000

6.875%, 

11/1/2033

262,893

Amgen,

Inc.

375,000

4.200%, 

2/22/2052

303,839

340,000

5.600%, 

3/2/2043

343,278

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

486,000

4.700%, 

2/1/2036

474,871

Anheuser-Busch

InBev

Worldwide,

Inc.

583,000

4.375%, 

4/15/2038

545,104

305,000

5.550%, 

1/23/2049

313,759

Archer-Daniels-Midland

Company

450,000

2.700%, 

9/15/2051

286,382

AstraZeneca

plc

600,000

3.000%, 

5/28/2051

415,210

B&G

Foods,

Inc.

130,000

8.000%, 

9/15/2028

c

132,555

BAT

Capital

Corporation

109,000

5.834%, 

2/20/2031

113,076

244,000

7.079%, 

8/2/2043

267,092

Bausch

+

Lomb

Corporation

36,000

8.375%, 

10/1/2028

c

36,987

Bausch

Health

Companies,

Inc.

104,000

5.500%, 

11/1/2025

c

97,406

235,000

4.875%, 

6/1/2028

c

180,973

Baxter

International,

Inc.

355,000

3.132%, 

12/1/2051

230,137

Becton,

Dickinson

and

Company

132,000

3.794%, 

5/20/2050

102,175

325,000

3.700%, 

6/6/2027

316,522

BellRing

Brands,

Inc.

97,000

7.000%, 

3/15/2030

c

99,961

Bristol-Myers

Squibb

Company

568,000

3.550%, 

3/15/2042

454,816

Campbell

Soup

Company

230,000

5.400%, 

3/21/2034

234,050

Cargill,

Inc.

336,000

3.125%, 

5/25/2051

c

231,826

Catalent

Pharma

Solutions,

Inc.

78,000

3.125%, 

2/15/2029

c

75,308

Central

Garden

&

Pet

Company

150,000

4.125%, 

10/15/2030

a

135,530

Charles

River

Laboratories

International,

Inc.

77,000

4.000%, 

3/15/2031

c

69,964

Cheplapharm

Arzneimittel

GmbH

20,000

5.500%, 

1/15/2028

c

18,700

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

124,000

4.625%, 

11/15/2028

c

118,326

CHS/Community

Health

Systems,

Inc.

128,000

5.625%, 

3/15/2027

c

122,567

40,000

8.000%, 

12/15/2027

c

40,025

167,000

6.000%, 

1/15/2029

c

155,052

191,000

5.250%, 

5/15/2030

c

166,566

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

153

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Non-Cyclical

(0.6%)

-

continued

$

75,000

4.750%, 

2/15/2031

c

$

61,687

92,000

10.875%, 

1/15/2032

c

98,899

Conagra

Brands,

Inc.

434,000

1.375%, 

11/1/2027

388,901

Concentra

Escrow

Issuer

Corporation

32,000

6.875%, 

7/15/2032

c

32,970

Constellation

Brands,

Inc.

299,000

3.600%, 

2/15/2028

287,408

192,000

2.875%, 

5/1/2030

173,232

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

207,000

4.750%, 

1/15/2029

c

198,058

116,000

6.625%, 

7/15/2030

c

119,113

CVS

Health

Corporation

259,000

4.780%, 

3/25/2038

237,902

759,000

6.000%, 

6/1/2044

762,914

Edgewell

Personal

Care

Company

125,000

5.500%, 

6/1/2028

c

122,536

Eli

Lilly

&

Company

169,000

4.950%, 

2/27/2063

161,144

Embecta

Corporation

54,000

6.750%, 

2/15/2030

c

48,150

Encompass

Health

Corporation

240,000

4.500%, 

2/1/2028

232,028

Endo

Finance

Holdings,

Inc.

64,000

8.500%, 

4/15/2031

a,c

67,451

Energizer

Holdings,

Inc.

171,000

4.750%, 

6/15/2028

c

162,204

Fortrea

Holdings,

Inc.

91,000

7.500%, 

7/1/2030

a,c

92,304

GE

HealthCare

Technologies,

Inc.

281,000

6.377%, 

11/22/2052

i

312,843

General

Mills,

Inc.

91,000

4.950%, 

3/29/2033

90,702

HCA,

Inc.

396,000

3.500%, 

9/1/2030

365,339

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

65,000

7.875%, 

9/1/2025

a,c

64,576

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

118,000

4.875%, 

6/1/2029

c

80,240

Imperial

Brands

Finance

plc

400,000

3.875%, 

7/26/2029

c

377,850

Jazz

Securities

DAC

47,000

4.375%, 

1/15/2029

c

44,140

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Company/JBS

Lux

Company

SARL

227,000

5.500%, 

1/15/2030

226,197

392,000

3.000%, 

5/15/2032

327,057

Johnson

&

Johnson

258,000

5.250%, 

6/1/2054

266,369

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

63,000

9.000%, 

2/15/2029

c

64,655

Keurig

Dr

Pepper,

Inc.

482,000

5.200%, 

3/15/2031

491,235

Kimberly-Clark

Corporation

390,000

3.900%, 

5/4/2047

319,950

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Non-Cyclical

(0.6%)

-

continued

Kraft

Heinz

Foods

Company

$

234,000

4.375%, 

6/1/2046

$

196,562

Legacy

LifePoint

Health,

LLC

70,000

4.375%, 

2/15/2027

c

67,663

LifePoint

Health,

Inc.

125,000

9.875%, 

8/15/2030

c

136,227

72,000

11.000%, 

10/15/2030

c

80,809

Mattel,

Inc.

286,000

5.450%, 

11/1/2041

262,912

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

144,000

6.250%, 

4/1/2029

c

146,929

Medtronic,

Inc.

343,000

4.375%, 

3/15/2035

331,501

Mozart

Debt

Merger

Sub,

Inc.

129,000

3.875%, 

4/1/2029

c

120,385

113,000

5.250%, 

10/1/2029

c

109,225

MPH

Acquisition

Holdings,

LLC

65,000

5.500%, 

9/1/2028

c

50,742

Newell

Brands,

Inc.

66,000

6.375%, 

9/15/2027

a

65,925

65,000

6.625%, 

9/15/2029

65,213

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

91,000

4.125%, 

4/30/2028

c

85,496

255,000

5.125%, 

4/30/2031

c

234,676

Owens

&

Minor,

Inc.

114,000

6.625%, 

4/1/2030

a,c

106,489

PepsiCo,

Inc.

225,000

4.200%, 

7/18/2052

194,193

Performance

Food

Group,

Inc.

95,000

4.250%, 

8/1/2029

c

87,987

Perrigo

Finance

Unlimited

Company

100,000

4.900%, 

6/15/2030

94,389

Pfizer

Investment

Enterprises,

Private

Ltd.

511,000

5.300%, 

5/19/2053

504,632

230,000

5.110%, 

5/19/2043

224,102

Philip

Morris

International,

Inc.

236,000

5.500%, 

9/7/2030

244,628

120,000

5.125%, 

2/13/2031

121,696

341,000

5.375%, 

2/15/2033

347,804

Post

Holdings,

Inc.

95,000

4.625%, 

4/15/2030

c

88,504

135,000

4.500%, 

9/15/2031

c

122,771

Primo

Water

Holdings,

Inc.

131,000

4.375%, 

4/30/2029

c

121,991

Roche

Holdings,

Inc.

228,000

4.000%, 

11/28/2044

c

196,692

Royalty

Pharma

plc

235,000

5.150%, 

9/2/2029

236,596

Scotts

Miracle-Gro

Company

65,000

4.500%, 

10/15/2029

60,465

Simmons

Foods,

Inc.

255,000

4.625%, 

3/1/2029

c

229,471

Sotera

Health

Holdings,

LLC

69,000

7.375%, 

6/1/2031

c

70,383

Spectrum

Brands,

Inc.

15,000

3.875%, 

3/15/2031

a,c

12,566

Star

Parent,

Inc.

54,000

9.000%, 

10/1/2030

c

57,626

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

154

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Consumer

Non-Cyclical

(0.6%)

-

continued

Sysco

Corporation

$

325,000

6.600%, 

4/1/2040

$

358,376

Takeda

Pharmaceutical

Company,

Ltd.

340,000

3.175%, 

7/9/2050

231,033

346,000

5.650%, 

7/5/2044

347,076

Tenet

Healthcare

Corporation

405,000

5.125%, 

11/1/2027

397,795

128,000

4.375%, 

1/15/2030

120,074

139,000

6.750%, 

5/15/2031

142,829

Teva

Pharmaceutical

Finance

Netherlands

III

BV

127,000

3.150%, 

10/1/2026

120,269

US

Acute

Care

Solutions,

LLC

65,000

9.750%, 

5/15/2029

c

64,446

Viterra

Finance

BV

295,000

3.200%, 

4/21/2031

c

260,853

Wyeth,

LLC

229,000

6.500%, 

2/1/2034

257,239

Zoetis,

Inc.

509,000

4.700%, 

2/1/2043

464,800

Total

22,135,939

Energy

(0.5%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

122,000

5.375%, 

6/15/2029

c

119,292

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

170,000

6.250%, 

4/1/2028

c

169,591

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

131,000

8.250%, 

12/31/2028

c

134,477

66,000

5.875%, 

6/30/2029

c

64,732

Baytex

Energy

Corporation

115,000

8.500%, 

4/30/2030

c

121,385

52,000

7.375%, 

3/15/2032

c

53,103

Blue

Racer

Midstream,

LLC/Blue

Racer

Finance

Corporation

105,000

7.000%, 

7/15/2029

c

107,866

Borr

IHC,

Ltd./Borr

Finance,

LLC

156,117

10.375%, 

11/15/2030

a,c

164,760

BP

Capital

Markets

America,

Inc.

613,000

2.939%, 

6/4/2051

403,236

Buckeye

Partners,

LP

90,000

4.500%, 

3/1/2028

c

85,845

130,000

6.875%, 

7/1/2029

c

132,069

California

Resources

Corporation

79,000

8.250%, 

6/15/2029

c

80,899

Canadian

Natural

Resources,

Ltd.

168,000

2.950%, 

7/15/2030

150,753

Cheniere

Energy

Partners,

LP

911,000

4.500%, 

10/1/2029

881,635

Cheniere

Energy,

Inc.

64,000

5.650%, 

4/15/2034

c

65,035

Civitas

Resources,

Inc.

108,000

8.375%, 

7/1/2028

c

113,390

42,000

8.625%, 

11/1/2030

c

45,364

156,000

8.750%, 

7/1/2031

c

167,759

CNX

Resources

Corporation

67,000

6.000%, 

1/15/2029

c

66,321

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Energy

(0.5%)

-

continued

Columbia

Pipelines

Holding

Company,

LLC

$

240,000

6.042%, 

8/15/2028

c

$

249,424

Columbia

Pipelines

Operating

Company,

LLC

59,000

5.927%, 

8/15/2030

c

61,569

Comstock

Resources,

Inc.

127,000

6.750%, 

3/1/2029

c

122,714

115,000

5.875%, 

1/15/2030

c

106,970

Continental

Resources,

Inc.

398,000

2.268%, 

11/15/2026

c

374,878

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

129,000

5.500%, 

6/15/2031

c

123,729

Crescent

Energy

Finance,

LLC

79,000

9.250%, 

2/15/2028

c

83,399

196,000

7.625%, 

4/1/2032

c

201,010

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

142,000

8.625%, 

3/15/2029

c

147,522

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

47,000

8.500%, 

10/1/2030

c

50,034

Diamondback

Energy,

Inc.

356,000

5.750%, 

4/18/2054

352,383

DT

Midstream,

Inc.

97,000

4.125%, 

6/15/2029

c

90,676

Enbridge,

Inc.

390,000

5.250%, 

4/5/2027

394,725

Enerflex,

Ltd.

94,000

9.000%, 

10/15/2027

c

96,929

Energy

Transfer,

LP

154,000

8.000%, 

5/15/2054

e

163,948

250,000

4.000%, 

10/1/2027

243,884

215,000

4.900%, 

3/15/2035

206,063

175,000

5.150%, 

2/1/2043

157,684

445,000

6.000%, 

6/15/2048

442,190

Enterprise

Products

Operating,

LLC

300,000

3.300%, 

2/15/2053

208,235

EQM

Midstream

Partners,

LP

318,000

4.750%, 

1/15/2031

c

300,253

Exxon

Mobil

Corporation

450,000

3.452%, 

4/15/2051

335,352

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

106,000

8.875%, 

4/15/2030

112,225

158,000

7.875%, 

5/15/2032

161,340

Halliburton

Company

297,000

4.850%, 

11/15/2035

291,708

228,000

5.000%, 

11/15/2045

212,088

Harvest

Midstream

I,

LP

145,000

7.500%, 

9/1/2028

c

148,386

96,000

7.500%, 

5/15/2032

c

98,772

Hess

Midstream

Operations,

LP

143,000

4.250%, 

2/15/2030

c

132,721

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

255,000

5.750%, 

2/1/2029

c

250,727

64,000

6.000%, 

4/15/2030

c

62,615

70,000

6.250%, 

4/15/2032

c

68,091

Howard

Midstream

Energy

Partners,

LLC

186,000

7.375%, 

7/15/2032

c

191,566

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

155

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Energy

(0.5%)

-

continued

ITT

Holdings,

LLC

$

135,000

6.500%, 

8/1/2029

c

$

126,676

Kodiak

Gas

Services,

LLC

79,000

7.250%, 

2/15/2029

c

81,267

Kraken

Oil

&

Gas

Partners,

LLC

85,000

7.625%, 

8/15/2029

c

85,815

Laredo

Petroleum,

Inc.

199,000

7.750%, 

7/31/2029

c

201,245

MEG

Energy

Corporation

151,000

5.875%, 

2/1/2029

c

149,118

MPLX,

LP

455,000

4.950%, 

9/1/2032

445,549

84,000

5.000%, 

3/1/2033

82,186

Nabors

Industries,

Inc.

64,000

7.375%, 

5/15/2027

c

65,173

162,000

9.125%, 

1/31/2030

c

173,066

National

Fuel

Gas

Company

415,000

5.500%, 

1/15/2026

416,282

New

Fortress

Energy,

Inc.

46,000

6.750%, 

9/15/2025

c

45,223

52,000

8.750%, 

3/15/2029

a,c

47,151

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

52,000

8.125%, 

2/15/2029

c

52,700

78,000

8.375%, 

2/15/2032

c

79,704

Noble

Finance

II,

LLC

64,000

8.000%, 

4/15/2030

c

67,211

Northern

Oil

and

Gas,

Inc.

116,000

8.750%, 

6/15/2031

c

122,259

NuStar

Logistics,

LP

127,000

6.375%, 

10/1/2030

129,613

Occidental

Petroleum

Corporation

218,000

5.000%, 

8/1/2027

218,750

601,000

7.875%, 

9/15/2031

687,171

ONEOK,

Inc.

121,000

5.000%, 

3/1/2026

120,967

Ovintiv,

Inc.

397,000

5.375%, 

1/1/2026

397,453

235,000

6.250%, 

7/15/2033

245,778

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

95,000

6.000%, 

2/15/2028

93,188

Permian

Resources

Operating,

LLC

125,000

6.250%, 

2/1/2033

c,g

125,940

Prairie

Acquiror,

LP

105,000

9.000%, 

8/1/2029

c

108,264

Precision

Drilling

Corporation

115,000

6.875%, 

1/15/2029

c

114,972

Range

Resources

Corporation

94,000

4.750%, 

2/15/2030

c

89,037

Rockies

Express

Pipeline,

LLC

164,000

4.950%, 

7/15/2029

c

156,843

Saturn

Oil

&

Gas,

Inc.

79,000

9.625%, 

6/15/2029

c

81,183

Schlumberger

Holdings

Corporation

186,000

5.000%, 

5/29/2027

c

187,382

SM

Energy

Company

105,000

6.500%, 

7/15/2028

104,752

46,000

7.000%, 

8/1/2032

c

46,499

Southwestern

Energy

Company

80,000

4.750%, 

2/1/2032

74,759

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Energy

(0.5%)

-

continued

Suburban

Propane

Partners,

LP/

Suburban

Energy

Finance

Corporation

$

64,000

5.875%, 

3/1/2027

$

63,483

Suncor

Energy,

Inc.

376,000

7.150%, 

2/1/2032

419,995

Sunoco,

LP

191,000

7.000%, 

5/1/2029

c

196,589

Sunoco,

LP/Sunoco

Finance

Corporation

94,000

5.875%, 

3/15/2028

93,640

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

215,000

5.500%, 

1/15/2028

c

207,443

95,000

7.375%, 

2/15/2029

c

96,246

Talos

Production,

Inc.

67,000

9.000%, 

2/1/2029

c

70,596

Targa

Resources

Corporation

400,000

4.200%, 

2/1/2033

367,936

Teine

Energy,

Ltd.

140,000

6.875%, 

4/15/2029

c

138,827

TGNR

Intermediate

Holdings,

LLC

123,000

5.500%, 

10/15/2029

c

116,634

Transocean,

Inc.

153,000

8.750%, 

2/15/2030

c

160,716

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

114,000

7.125%, 

3/15/2029

c

116,015

Valaris,

Ltd.

116,000

8.375%, 

4/30/2030

c

121,459

Venture

Global

Calcasieu

Pass,

LLC

147,000

3.875%, 

8/15/2029

c

135,913

85,000

4.125%, 

8/15/2031

c

77,269

Venture

Global

LNG,

Inc.

236,000

8.125%, 

6/1/2028

c

245,779

94,000

7.000%, 

1/15/2030

c

94,982

236,000

8.375%, 

6/1/2031

c

248,005

281,000

9.875%, 

2/1/2032

c

311,934

Viridien

SA

32,000

8.750%, 

4/1/2027

c

30,745

Western

Midstream

Operating,

LP

234,000

6.350%, 

1/15/2029

244,571

114,000

6.150%, 

4/1/2033

118,440

Williams

Companies,

Inc.

228,000

5.300%, 

8/15/2052

216,691

420,000

7.500%, 

1/15/2031

471,949

Total

18,960,355

Financials

(1.7%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

44,000

4.250%, 

2/15/2029

c

40,492

65,000

7.500%, 

11/6/2030

c

65,970

AEGON

Funding

Company,

LLC

383,000

5.500%, 

4/16/2027

c

384,568

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

259,000

6.100%, 

1/15/2027

265,284

425,000

3.875%, 

1/23/2028

409,726

265,000

3.400%, 

10/29/2033

228,762

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

156

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

AG

TTMT

Escrow

Issuer,

LLC

$

50,000

8.625%, 

9/30/2027

c

$

51,052

Agree,

LP

199,000

5.625%, 

6/15/2034

202,048

Air

Lease

Corporation

537,000

3.000%, 

2/1/2030

486,800

Aircastle,

Ltd.

375,000

5.250%, 

8/11/2025

c

373,080

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

64,000

4.250%, 

10/15/2027

c

60,906

129,000

6.750%, 

4/15/2028

c

129,639

93,000

7.000%, 

1/15/2031

c

94,677

Ally

Financial,

Inc.

400,000

5.750%, 

11/20/2025

401,417

400,000

8.000%, 

11/1/2031

450,114

99,000

6.700%, 

2/14/2033

101,760

American

Express

Company

127,000

5.098%, 

2/16/2028

e

127,673

258,000

5.043%, 

7/26/2028

e

259,741

American

Homes

4

Rent,

LP

433,000

2.375%, 

7/15/2031

360,370

American

International

Group,

Inc.

469,000

5.125%, 

3/27/2033

472,932

AmWINS

Group,

Inc.

52,000

6.375%, 

2/15/2029

c

52,753

155,000

4.875%, 

6/30/2029

c

146,151

ANZ

Bank

New

Zealand,

Ltd.

225,000

5.548%, 

8/11/2032

c,e

227,056

Aon

North

America,

Inc.

185,000

5.750%, 

3/1/2054

186,612

Apollo

Debt

Solutions

BDC

291,000

6.700%, 

7/29/2031

c

294,426

Ares

Capital

Corporation

170,000

3.250%, 

7/15/2025

166,252

375,000

3.875%, 

1/15/2026

365,454

241,000

2.150%, 

7/15/2026

225,549

203,000

5.875%, 

3/1/2029

203,706

Arthur

J.

Gallagher

&

Company

59,000

6.750%, 

2/15/2054

66,730

95,000

5.750%, 

7/15/2054

95,193

Associated

Banc-Corp

325,000

4.250%, 

1/15/2025

322,004

Australia

&

New

Zealand

Banking

Group,

Ltd.

300,000

2.950%, 

7/22/2030

c,e

292,455

Avolon

Holdings

Funding,

Ltd.

130,000

4.250%, 

4/15/2026

c

127,543

288,000

5.750%, 

3/1/2029

c

293,166

Banco

Santander

Mexico

SA

225,000

5.375%, 

4/17/2025

c

224,246

Banco

Santander

SA

400,000

4.175%, 

3/24/2028

e

389,858

Bank

of

America

Corporation

408,000

5.080%, 

1/20/2027

e

408,248

325,000

1.734%, 

7/22/2027

e

305,070

297,000

3.824%, 

1/20/2028

e

289,428

199,000

5.202%, 

4/25/2029

e

201,430

300,000

2.087%, 

6/14/2029

e

271,183

150,000

3.974%, 

2/7/2030

e

144,464

350,000

2.496%, 

2/13/2031

e

309,028

600,000

1.922%, 

10/24/2031

e

502,794

343,000

2.972%, 

2/4/2033

e

297,382

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

$

685,000

4.571%, 

4/27/2033

e

$

661,445

352,000

5.872%, 

9/15/2034

e

369,402

143,000

5.468%, 

1/23/2035

e

146,222

455,000

3.846%, 

3/8/2037

e

409,436

Bank

of

Montreal

116,000

5.266%, 

12/11/2026

117,393

Bank

of

New

York

Mellon

Corporation

243,000

6.317%, 

10/25/2029

e

257,766

Bank

of

Nova

Scotia

112,000

4.850%, 

2/1/2030

112,556

Barclays

plc

64,000

6.125%, 

12/15/2025

e,j

63,181

345,000

6.496%, 

9/13/2027

e

354,561

350,000

4.972%, 

5/16/2029

e

348,870

340,000

5.746%, 

8/9/2033

e

347,874

Belrose

Funding

Trust

500,000

2.330%, 

8/15/2030

c

418,009

Berkshire

Hathaway

Finance

Corporation

456,000

2.850%, 

10/15/2050

304,523

BlackRock

Funding,

Inc.

125,000

5.250%, 

3/14/2054

124,059

Blackstone

Private

Credit

Fund

341,000

2.700%, 

1/15/2025

336,171

231,000

6.250%, 

1/25/2031

c

235,114

Blue

Owl

Capital

Corporation

II

176,000

8.450%, 

11/15/2026

c

183,621

Blue

Owl

Credit

Income

Corporation

286,000

4.700%, 

2/8/2027

276,885

Blue

Owl

Technology

Finance

Corporation

150,000

4.750%, 

12/15/2025

c

146,273

Blue

Owl

Technology

Finance

Corporation

II

248,000

6.750%, 

4/4/2029

c

246,871

BNP

Paribas

SA

572,000

3.132%, 

1/20/2033

c,e

495,983

BPCE

SA

588,000

3.500%, 

10/23/2027

c

559,491

Burford

Capital

Global

Finance,

LLC

151,000

9.250%, 

7/1/2031

c

160,901

Camden

Property

Trust

311,000

3.150%, 

7/1/2029

289,108

Capital

One

Financial

Corporation

425,000

4.200%, 

10/29/2025

418,903

85,000

5.700%, 

2/1/2030

a,e

86,729

Castlelake

Aviation

Finance

DAC

102,000

5.000%, 

4/15/2027

c

99,356

Centene

Corporation

852,000

2.625%, 

8/1/2031

710,178

Charles

Schwab

Corporation

530,000

2.450%, 

3/3/2027

499,976

234,000

6.136%, 

8/24/2034

e

247,816

Chubb

INA

Holdings,

LLC

225,000

4.350%, 

11/3/2045

198,378

Citibank

NA

350,000

5.438%, 

4/30/2026

353,201

385,000

4.929%, 

8/6/2026

g

385,903

Citigroup,

Inc.

304,000

3.200%, 

10/21/2026

293,527

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

157

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

$

468,000

3.668%, 

7/24/2028

e

$

452,124

228,000

4.125%, 

7/25/2028

221,806

99,000

3.520%, 

10/27/2028

e

94,937

148,000

5.174%, 

2/13/2030

e

149,628

484,000

4.910%, 

5/24/2033

e

475,435

287,000

6.174%, 

5/25/2034

e

297,937

Citizens

Financial

Group,

Inc.

167,000

5.718%, 

7/23/2032

e

169,056

CNA

Financial

Corporation

177,000

5.125%, 

2/15/2034

175,921

Comerica,

Inc.

90,000

5.982%, 

1/30/2030

e

90,228

Cooperatieve

Rabobank

UA

455,000

5.564%, 

2/28/2029

c,e

463,884

Corebridge

Financial,

Inc.

171,000

4.350%, 

4/5/2042

145,569

Credit

Acceptance

Corporation

118,000

9.250%, 

12/15/2028

c

125,923

Credit

Agricole

SA

400,000

6.875%, 

9/23/2024

c,e,j

399,683

Credit

Suisse

Group

AG

350,000

7.250%, 

N/A

*,k

38,500

Deutsche

Bank

AG/New

York,

NY

255,000

6.819%, 

11/20/2029

e

269,748

525,000

3.729%, 

1/14/2032

e

454,743

Discover

Bank

480,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

e

481,222

Diversified

Healthcare

Trust

76,000

Zero

Coupon, 

1/15/2026

c

67,209

Drawbridge

Special

Opportunities

Fund,

LP

226,000

3.875%, 

2/15/2026

c

217,276

Elevance

Health,

Inc.

460,000

3.125%, 

5/15/2050

315,990

306,000

4.625%, 

5/15/2042

276,875

EPR

Properties

210,000

4.950%, 

4/15/2028

205,555

Equitable

Holdings,

Inc.

88,000

4.572%, 

2/15/2029

c

86,613

Fairfax

Financial

Holdings,

Ltd.

252,000

6.350%, 

3/22/2054

c

259,205

Fifth

Third

Bancorp

179,000

6.339%, 

7/27/2029

e

186,556

First

Horizon

Bank

300,000

5.750%, 

5/1/2030

a

294,805

FirstCash,

Inc.

162,000

5.625%, 

1/1/2030

c

157,353

First-Citizens

Bank

&

Trust

Company

210,000

6.125%, 

3/9/2028

216,652

Five

Corners

Funding

Trust

IV

227,000

5.997%, 

2/15/2053

c

237,356

Fortress

Transportation

and

Infrastructure

Investors,

LLC

68,000

5.500%, 

5/1/2028

c

66,668

118,000

7.000%, 

5/1/2031

c

121,660

92,000

7.000%, 

6/15/2032

c

94,881

Freedom

Mortgage

Corporation

59,000

7.625%, 

5/1/2026

c

59,065

Freedom

Mortgage

Holdings,

LLC

151,000

9.250%, 

2/1/2029

c

152,081

65,000

9.125%, 

5/15/2031

c

63,944

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

FS

KKR

Capital

Corporation

$

325,000

3.400%, 

1/15/2026

$

312,616

GGAM

Finance,

Ltd.

115,000

7.750%, 

5/15/2026

c

117,759

66,000

8.000%, 

6/15/2028

c

69,851

52,000

6.875%, 

4/15/2029

c

53,167

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

192,000

3.750%, 

12/15/2027

c

173,767

goeasy,

Ltd.

95,000

9.250%, 

12/1/2028

c

101,880

66,000

7.625%, 

7/1/2029

c

67,508

Goldman

Sachs

Bank

USA/New

York,

NY

386,000

5.414%, 

5/21/2027

e

388,725

Goldman

Sachs

BDC,

Inc.

153,000

6.375%, 

3/11/2027

156,414

Goldman

Sachs

Group,

Inc.

320,000

1.948%, 

10/21/2027

e

299,450

356,000

6.484%, 

10/24/2029

e

376,716

145,000

1.992%, 

1/27/2032

e

120,218

898,000

3.102%, 

2/24/2033

e

784,340

Health

Care

Service

Corporation

284,000

5.450%, 

6/15/2034

c

287,057

Healthpeak

OP,

LLC

87,000

3.400%, 

2/1/2025

86,016

Highwoods

Realty,

LP

235,000

7.650%, 

2/1/2034

259,001

HSBC

Holdings

plc

350,000

5.402%, 

8/11/2033

e

353,326

HUB

International,

Ltd.

185,000

7.250%, 

6/15/2030

c

190,805

Huntington

Bancshares,

Inc./OH

290,000

5.709%, 

2/2/2035

e

293,178

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

115,000

6.250%, 

5/15/2026

114,630

262,000

5.250%, 

5/15/2027

251,282

Intesa

Sanpaolo

SPA

79,000

4.198%, 

6/1/2032

c,e

68,398

Invitation

Homes

Operating

Partnership,

LP

286,000

2.000%, 

8/15/2031

232,307

J.P.

Morgan

Chase

&

Company

98,000

4.000%, 

4/1/2025

e,j

95,805

239,000

1.040%, 

2/4/2027

e

225,210

456,000

1.578%, 

4/22/2027

e

430,403

460,000

2.947%, 

2/24/2028

e

438,980

411,000

4.979%, 

7/22/2028

e

413,119

575,000

4.203%, 

7/23/2029

e

562,222

425,000

2.522%, 

4/22/2031

e

376,004

450,000

1.953%, 

2/4/2032

e

375,017

457,000

4.586%, 

4/26/2033

e

444,135

342,000

4.912%, 

7/25/2033

e

338,795

294,000

5.766%, 

4/22/2035

e

308,132

J.P.

Morgan

Chase

Bank

NA

250,000

5.110%, 

12/8/2026

252,202

Jackson

National

Life

Global

Funding

318,000

5.550%, 

7/2/2027

c

322,297

Jane

Street

Group/JSG

Finance,

Inc.

105,000

4.500%, 

11/15/2029

c

99,396

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

158

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

$

47,000

5.000%, 

8/15/2028

c

$

43,652

Jefferson

Capital

Holdings,

LLC

52,000

6.000%, 

8/15/2026

c

51,630

131,000

9.500%, 

2/15/2029

c

137,443

KeyBank

NA/Cleveland,

OH

308,000

5.000%, 

1/26/2033

291,599

KeyCorp

168,000

6.616%, 

(SOFRINDX

+

1.250%),

5/23/2025

e

168,163

Kilroy

Realty,

LP

118,000

4.250%, 

8/15/2029

109,533

105,000

6.250%, 

1/15/2036

103,452

Kite

Realty

Group,

LP

85,000

5.500%, 

3/1/2034

85,336

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

65,000

4.250%, 

2/1/2027

c

62,897

174,000

4.750%, 

6/15/2029

c

165,374

Liberty

Mutual

Group,

Inc.

35,000

4.125%, 

12/15/2051

c,e

32,759

Lloyds

Banking

Group

plc

340,000

5.871%, 

3/6/2029

e

350,169

Macquarie

Airfinance

Holdings,

Ltd.

253,000

6.400%, 

3/26/2029

c

259,654

32,000

6.500%, 

3/26/2031

c

33,210

Manufacturers

&

Traders

Trust

Company

341,000

4.700%, 

1/27/2028

335,585

Marsh

&

McLennan

Companies,

Inc.

84,000

5.450%, 

3/15/2053

84,092

239,000

5.400%, 

9/15/2033

248,837

Massachusetts

Mutual

Life

Insurance

Company

525,000

3.200%, 

12/1/2061

c

328,457

Mitsubishi

UFJ

Financial

Group,

Inc.

339,000

5.422%, 

2/22/2029

e

345,687

350,000

2.048%, 

7/17/2030

299,980

Molina

Healthcare,

Inc.

122,000

4.375%, 

6/15/2028

c

116,140

Morgan

Stanley

450,000

4.350%, 

9/8/2026

444,582

468,000

3.591%, 

7/22/2028

e

450,153

227,000

5.164%, 

4/20/2029

e

229,285

440,000

3.622%, 

4/1/2031

e

412,414

227,000

5.250%, 

4/21/2034

e

228,055

214,000

5.831%, 

4/19/2035

e

223,586

400,000

5.297%, 

4/20/2037

e

392,430

Morgan

Stanley

Direct

Lending

Fund

204,000

6.150%, 

5/17/2029

c

203,929

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

52,000

5.250%, 

8/1/2026

a

46,708

138,000

4.625%, 

8/1/2029

a

100,151

Nasdaq,

Inc.

325,000

3.250%, 

4/28/2050

223,566

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

Nationstar

Mortgage

Holdings,

Inc.

$

33,000

5.500%, 

8/15/2028

c

$

32,050

68,000

6.500%, 

8/1/2029

c

67,900

102,000

5.125%, 

12/15/2030

c

94,991

NatWest

Group

plc

225,000

4.445%, 

5/8/2030

e

219,455

359,000

6.475%, 

6/1/2034

e

372,207

Navient

Corporation

38,000

5.000%, 

3/15/2027

36,740

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

42,000

4.500%, 

9/30/2028

c

38,239

New

York

Life

Global

Funding

337,000

4.550%, 

1/28/2033

c

329,620

Nomura

Holdings,

Inc.

365,000

5.783%, 

7/3/2034

375,204

Omega

Healthcare

Investors,

Inc.

432,000

3.625%, 

10/1/2029

394,874

375,000

3.375%, 

2/1/2031

330,602

OneMain

Finance

Corporation

245,000

3.500%, 

1/15/2027

231,530

297,000

3.875%, 

9/15/2028

271,315

Panther

Escrow

Issuer,

LLC

183,000

7.125%, 

6/1/2031

c

187,778

Park

Intermediate

Holdings,

LLC

182,000

4.875%, 

5/15/2029

c

171,973

Pine

Street

Trust

III

109,000

6.223%, 

5/15/2054

c

112,035

PNC

Financial

Services

Group,

Inc.

120,000

6.615%, 

10/20/2027

e

124,278

364,000

5.492%, 

5/14/2030

e

372,928

456,000

4.626%, 

6/6/2033

e

435,436

PRA

Group,

Inc.

32,000

7.375%, 

9/1/2025

c

31,973

100,000

8.375%, 

2/1/2028

c

101,244

Prologis

Targeted

US

Logistics

Fund,

LP

240,000

5.250%, 

4/1/2029

c

243,877

Prologis,

LP

160,000

5.250%, 

3/15/2054

154,701

Prudential

Financial,

Inc.

434,000

5.125%, 

3/1/2052

e

408,189

Regency

Centers,

LP

350,000

4.125%, 

3/15/2028

341,922

176,000

5.250%, 

1/15/2034

176,445

Reinsurance

Group

of

America,

Inc.

274,000

5.750%, 

9/15/2034

280,275

RGA

Global

Funding

117,000

5.500%, 

1/11/2031

c

119,699

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

32,000

4.750%, 

10/15/2027

31,066

65,000

4.500%, 

2/15/2029

c

61,580

RLJ

Lodging

Trust,

LP

60,000

4.000%, 

9/15/2029

c

53,541

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

215,000

3.625%, 

3/1/2029

c

197,370

74,000

3.875%, 

3/1/2031

c

65,825

93,000

4.000%, 

10/15/2033

c

79,987

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

159

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

Ryan

Specialty,

LLC

$

34,000

4.375%, 

2/1/2030

c

$

32,006

Santander

Holdings

USA,

Inc.

113,000

6.499%, 

3/9/2029

e

116,683

105,000

6.174%, 

1/9/2030

e

108,014

Santander

UK

Group

Holdings

plc

600,000

1.673%, 

6/14/2027

e

561,823

Service

Properties

Trust

132,000

8.375%, 

6/15/2029

131,409

97,000

8.625%, 

11/15/2031

c

103,069

Simon

Property

Group,

LP

400,000

3.800%, 

7/15/2050

303,476

SLM

Corporation

60,000

4.200%, 

10/29/2025

58,904

Societe

Generale

SA

234,000

4.750%, 

11/24/2025

c

230,806

Standard

Chartered

plc

399,000

1.822%, 

11/23/2025

c,e

394,342

300,000

5.688%, 

5/14/2028

c,e

304,075

Sumitomo

Mitsui

Financial

Group,

Inc.

228,000

3.010%, 

10/19/2026

219,170

338,000

5.710%, 

1/13/2030

351,530

200,000

1.710%, 

1/12/2031

163,555

Synchrony

Financial

144,000

5.935%, 

8/2/2030

e

144,887

67,000

7.250%, 

2/2/2033

68,525

Synovus

Bank

250,000

5.625%, 

2/15/2028

247,361

Toronto-Dominion

Bank

341,000

5.156%, 

1/10/2028

345,859

296,000

5.523%, 

7/17/2028

304,709

Truist

Financial

Corporation

230,000

6.047%, 

6/8/2027

e

233,813

162,000

5.125%, 

12/15/2027

e,j

152,871

270,000

5.122%, 

1/26/2034

e

264,867

152,000

5.711%, 

1/24/2035

e

155,408

U.S.

Bancorp

228,000

5.727%, 

10/21/2026

e

229,611

352,000

5.775%, 

6/12/2029

e

362,508

89,000

5.836%, 

6/12/2034

e

92,390

160,000

5.678%, 

1/23/2035

e

164,344

UBS

Group

AG

600,000

2.193%, 

6/5/2026

c,e

584,084

355,000

6.246%, 

9/22/2029

c,e

370,806

282,000

3.091%, 

5/14/2032

c,e

246,505

200,000

5.699%, 

2/8/2035

c,e

204,651

UniCredit

SPA

65,000

5.861%, 

6/19/2032

c,e

64,463

United

Wholesale

Mortgage,

LLC

175,000

5.500%, 

4/15/2029

c

168,728

UnitedHealth

Group,

Inc.

228,000

5.875%, 

2/15/2053

241,273

342,000

4.750%, 

5/15/2052

309,155

Vornado

Realty,

LP

48,000

3.400%, 

6/1/2031

39,112

Wells

Fargo

&

Company

203,000

3.000%, 

4/22/2026

196,744

304,000

3.000%, 

10/23/2026

292,532

342,000

3.526%, 

3/24/2028

e

330,059

256,000

5.707%, 

4/22/2028

e

260,997

481,000

2.393%, 

6/2/2028

e

449,136

236,000

5.574%, 

7/25/2029

e

241,665

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Financials

(1.7%)

-

continued

$

187,000

5.389%, 

4/24/2034

e

$

189,175

550,000

4.900%, 

11/17/2045

495,961

Willis

North

America,

Inc.

456,000

4.650%, 

6/15/2027

453,340

XHR,

LP

64,000

4.875%, 

6/1/2029

c

60,392

Total

63,261,240

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

375,000

2.625%, 

5/5/2031

c

328,167

Saudi

Arabian

Oil

Company

288,000

5.250%, 

7/17/2034

c

289,434

Total

617,601

Mortgage-Backed

Securities

(6.3%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

3,733,306

2.000%, 

1/1/2052

3,047,880

1,732,811

2.000%, 

5/1/2051

1,414,897

6,586,428

2.500%, 

5/1/2051

5,603,320

2,770,596

3.500%, 

5/1/2052

2,532,718

3,114,164

4.000%, 

5/1/2052

2,943,295

1,933,003

5.000%, 

7/1/2053

1,914,636

1,660,789

5.500%, 

7/1/2053

1,671,337

2,248,760

3.500%, 

8/1/2052

2,051,065

1,970,679

5.000%, 

8/1/2053

1,959,685

5,902,698

5.500%, 

9/1/2053

5,965,229

2,327,526

3.500%, 

9/1/2047

g

2,157,903

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

1,895,714

2.500%, 

7/1/2030

1,801,693

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

2,226,856

3.000%, 

12/1/2036

2,086,892

1,933,790

3.000%, 

8/1/2038

1,821,318

2,797,622

3.500%, 

5/1/2040

2,655,284

1,783,776

2.500%, 

4/1/2042

1,567,242

726,004

2.000%, 

5/1/2042

624,193

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

7,042,807

3.000%, 

1/1/2052

6,195,004

752,834

2.000%, 

2/1/2051

614,780

1,178,698

2.000%, 

2/1/2051

962,549

1,961,428

2.500%, 

2/1/2051

1,666,758

3,440,749

2.500%, 

2/1/2051

2,910,012

13,189,240

2.000%, 

3/1/2051

10,654,381

1,729,876

2.000%, 

3/1/2051

1,402,045

5,027,528

4.000%, 

3/1/2051

4,782,813

1,108,698

2.000%, 

3/1/2052

904,895

7,353,628

3.000%, 

3/1/2052

6,435,646

8,853,305

2.000%, 

4/1/2051

7,137,165

4,396,937

3.000%, 

4/1/2051

3,874,084

4,611,379

3.000%, 

5/1/2050

4,097,273

1,399,698

2.000%, 

5/1/2051

1,136,709

3,298,559

3.000%, 

5/1/2051

2,941,161

7,311,900

2.000%, 

6/1/2050

5,960,990

2,358,311

3.000%, 

6/1/2050

2,110,185

1,299,543

4.000%, 

6/1/2052

1,219,620

1,355,096

5.000%, 

6/1/2053

1,345,442

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

160

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Mortgage-Backed

Securities

(6.3%)

-

continued

$

5,106,006

2.500%, 

7/1/2051

$

4,369,836

1,886,781

3.500%, 

7/1/2051

1,740,891

3,571,182

4.000%, 

7/1/2052

3,351,749

3,584,984

3.500%, 

8/1/2050

3,307,400

5,107,310

3.500%, 

8/1/2052

4,640,347

6,536,135

4.500%, 

8/1/2052

6,319,736

2,562,913

5.000%, 

8/1/2053

2,544,650

2,536,202

2.500%, 

9/1/2051

2,157,858

1,543,198

3.500%, 

9/1/2052

1,411,869

2,835,906

3.500%, 

9/1/2052

2,594,566

2,218,406

5.000%, 

9/1/2052

2,187,727

3,045,565

4.500%, 

9/1/2053

2,938,909

1,963,304

4.500%, 

9/1/2053

1,904,755

5,279,782

4.000%, 

10/1/2052

4,971,969

1,369,931

2.000%, 

11/1/2051

1,116,016

2,018,619

3.500%, 

11/1/2052

1,847,448

5,683,602

2.000%, 

12/1/2050

4,624,182

8,764,403

2.500%, 

12/1/2051

7,433,521

3,926,329

4.500%, 

12/1/2052

3,813,323

4,100,000

6.000%, 

8/1/2041

g

4,158,140

13,200,000

5.500%, 

8/1/2042

g

13,220,213

2,697,330

3.500%, 

12/1/2047

g

2,502,943

5,950,000

4.000%, 

8/1/2048

g

5,575,658

3,475,000

4.500%, 

8/1/2048

g

3,347,191

16,100,000

5.000%, 

8/1/2048

15,853,877

7,150,000

3.000%, 

8/1/2049

g

6,238,650

6,350,000

3.500%, 

8/1/2049

g

5,760,985

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

5,918,020

2.500%, 

3/1/2062

4,781,523

1,791,405

3.500%, 

7/1/2061

1,598,623

2,716,490

4.000%, 

12/1/2061

2,515,036

Total

236,999,690

Technology

(0.4%)

Advanced

Micro

Devices,

Inc.

228,000

4.393%, 

6/1/2052

201,446

Amentum

Escrow

Corporation

102,000

7.250%, 

8/1/2032

c,g

104,173

Analog

Devices,

Inc.

700,000

2.950%, 

10/1/2051

473,482

Apple,

Inc.

400,000

2.650%, 

2/8/2051

262,312

746,000

3.750%, 

9/12/2047

617,568

Block,

Inc.

226,000

6.500%, 

5/15/2032

c

229,662

Boost

Newco

Borrower,

LLC

161,000

7.500%, 

1/15/2031

c

169,577

Broadcom,

Inc.

374,000

5.050%, 

7/12/2027

377,348

75,000

3.469%, 

4/15/2034

c

65,499

457,000

3.137%, 

11/15/2035

c

377,127

380,000

3.187%, 

11/15/2036

c

309,937

275,000

4.926%, 

5/15/2037

c

265,376

Cisco

Systems,

Inc.

124,000

5.300%, 

2/26/2054

124,969

123,000

4.950%, 

2/26/2031

125,730

Clarivate

Science

Holdings

Corporation

70,000

3.875%, 

7/1/2028

c

65,659

Cloud

Software

Group,

Inc.

342,000

6.500%, 

3/31/2029

c

333,364

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Technology

(0.4%)

-

continued

Consensus

Cloud

Solutions,

Inc.

$

33,000

6.000%, 

10/15/2026

c

$

32,333

CoreLogic,

Inc.

39,000

4.500%, 

5/1/2028

c

35,976

Dell

International,

LLC/EMC

Corporation

244,000

6.020%, 

6/15/2026

248,009

Dell,

Inc.

215,000

6.500%, 

4/15/2038

230,019

Dye

&

Durham,

Ltd.

98,000

8.625%, 

4/15/2029

c

100,279

Fiserv,

Inc.

114,000

2.250%, 

6/1/2027

106,617

238,000

2.650%, 

6/1/2030

212,510

243,000

5.350%, 

3/15/2031

249,420

198,000

5.600%, 

3/2/2033

204,910

Foundry

JV

Holdco,

LLC

300,000

5.900%, 

1/25/2030

c

310,664

Gen

Digital,

Inc.

5,000

6.750%, 

9/30/2027

c

5,086

78,000

7.125%, 

9/30/2030

a,c

80,637

Global

Payments,

Inc.

253,000

5.950%, 

8/15/2052

249,406

342,000

5.300%, 

8/15/2029

345,580

II-VI,

Inc.

56,000

5.000%, 

12/15/2029

a,c

53,418

Intel

Corporation

240,000

5.600%, 

2/21/2054

238,532

Iron

Mountain,

Inc.

140,000

5.000%, 

7/15/2028

c

135,715

190,000

4.875%, 

9/15/2029

c

181,536

140,000

5.250%, 

7/15/2030

c

134,737

164,000

4.500%, 

2/15/2031

c

150,737

KLA

Corporation

343,000

3.300%, 

3/1/2050

248,457

Marvell

Technology,

Inc.

57,000

5.950%, 

9/15/2033

59,888

Mastercard,

Inc.

275,000

3.950%, 

2/26/2048

229,425

Microchip

Technology,

Inc.

50,000

5.050%, 

3/15/2029

50,556

Micron

Technology,

Inc.

125,000

5.300%, 

1/15/2031

127,220

Microsoft

Corporation

161,000

3.041%, 

3/17/2062

110,126

403,000

2.500%, 

9/15/2050

259,671

352,000

3.700%, 

8/8/2046

297,869

NCR

Atleos

Corporation

52,000

9.500%, 

4/1/2029

c

56,806

NCR

Voyix

Corporation

97,000

5.000%, 

10/1/2028

c

92,754

176,000

5.125%, 

4/15/2029

c

168,147

Neptune

Bidco

US,

Inc.

133,000

9.290%, 

4/15/2029

c

130,256

Newfold

Digital

Holdings

Group,

Inc.

39,000

11.750%, 

10/15/2028

c

39,409

NXP

BV/NXP

Funding,

LLC

115,000

5.550%, 

12/1/2028

118,095

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

154,000

4.300%, 

6/18/2029

150,537

305,000

3.250%, 

5/11/2041

227,899

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

161

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Technology

(0.4%)

-

continued

Open

Text

Corporation

$

134,000

3.875%, 

12/1/2029

c

$

121,636

Open

Text

Holdings,

Inc.

175,000

4.125%, 

2/15/2030

c

159,617

Oracle

Corporation

228,000

6.900%, 

11/9/2052

261,597

311,000

6.150%, 

11/9/2029

331,165

420,000

3.850%, 

7/15/2036

363,605

663,000

4.000%, 

7/15/2046

522,041

PayPal

Holdings,

Inc.

222,000

5.500%, 

6/1/2054

221,391

Pitney

Bowes,

Inc.

33,000

6.875%, 

3/15/2027

a,c

32,638

PTC,

Inc.

60,000

4.000%, 

2/15/2028

c

56,827

RingCentral,

Inc.

118,000

8.500%, 

8/15/2030

c

123,978

Rocket

Software,

Inc.

79,000

9.000%, 

11/28/2028

c

81,311

Roper

Technologies,

Inc.

298,000

1.750%, 

2/15/2031

245,669

Seagate

HDD

Cayman

136,475

9.625%, 

12/1/2032

156,287

Sensata

Technologies

BV

72,000

4.000%, 

4/15/2029

c

66,721

Sensata

Technologies,

Inc.

38,000

3.750%, 

2/15/2031

c

33,563

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

50,000

4.625%, 

11/1/2026

c

48,797

SK

Hynix,

Inc.

200,000

5.500%, 

1/16/2027

c

201,557

SS&C

Technologies,

Inc.

186,000

5.500%, 

9/30/2027

c

184,250

Texas

Instruments,

Inc.

227,000

5.050%, 

5/18/2063

217,529

UKG,

Inc.

131,000

6.875%, 

2/1/2031

c

134,646

Verisk

Analytics,

Inc.

198,000

5.250%, 

6/5/2034

199,879

Viavi

Solutions,

Inc.

118,000

3.750%, 

10/1/2029

c

102,334

Visa,

Inc.

470,000

2.700%, 

4/15/2040

352,558

VMware,

LLC

208,000

4.650%, 

5/15/2027

207,011

335,000

2.200%, 

8/15/2031

279,792

Xerox

Holdings

Corporation

16,000

5.000%, 

8/15/2025

c

15,723

258,000

5.500%, 

8/15/2028

c

218,892

Total

14,717,479

Transportation

(0.1%)

Air

Canada

129,000

3.875%, 

8/15/2026

c

124,077

American

Airlines

Group,

Inc.

40,000

3.750%, 

3/1/2025

c

39,347

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

306,250

5.500%, 

4/20/2026

c

304,199

63,645

5.750%, 

4/20/2029

c

62,194

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Transportation

(0.1%)

-

continued

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

$

75,000

5.375%, 

3/1/2029

a,c

$

68,646

Burlington

Northern

Santa

Fe,

LLC

309,000

2.875%, 

6/15/2052

202,211

235,000

5.750%, 

5/1/2040

246,701

230,000

4.450%, 

3/15/2043

207,279

Canadian

Pacific

Railway

Company

228,000

4.700%, 

5/1/2048

201,758

CSX

Corporation

270,000

3.800%, 

4/15/2050

212,574

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

479,000

4.750%, 

10/20/2028

c

474,201

ERAC

USA

Finance,

LLC

227,000

5.400%, 

5/1/2053

c

225,090

Hawaiian

Brand

Intellectual

Property,

Ltd./HawaiianMiles

Loyalty,

Ltd.

59,400

11.000%, 

4/15/2029

c

56,638

Mileage

Plus

Holdings,

LLC

342,600

6.500%, 

6/20/2027

c

345,644

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

258,000

5.750%, 

5/24/2026

c

260,581

Rand

Parent,

LLC

121,000

8.500%, 

2/15/2030

a,c

119,653

RXO,

Inc.

141,000

7.500%, 

11/15/2027

c

144,878

Southwest

Airlines

Company

353,000

2.625%, 

2/10/2030

312,539

Stena

International

SA

104,000

7.250%, 

1/15/2031

c

106,389

Union

Pacific

Corporation

455,000

2.973%, 

9/16/2062

280,129

United

Airlines,

Inc.

129,000

4.375%, 

4/15/2026

c

125,773

65,000

4.625%, 

4/15/2029

c

61,428

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

35,000

7.875%, 

5/1/2027

c

31,681

138,000

6.375%, 

2/1/2030

a,c

109,927

Total

4,323,537

U.S.

Government

&

Agencies

(6.5%)

U.S.

Treasury

Bonds

2,881,000

3.625%, 

5/15/2053

2,531,679

4,600,000

1.625%, 

11/15/2050

2,605,109

3,300,000

4.750%, 

11/15/2053

3,522,234

5,090,000

5.250%, 

11/15/2028

5,356,032

1,175,000

4.375%, 

5/15/2040

1,195,333

10,800,000

1.375%, 

11/15/2040

7,077,797

560,000

3.000%, 

5/15/2042

464,100

1,072,000

3.375%, 

5/15/2044

920,412

15,871,000

2.500%, 

5/15/2046

11,534,993

13,950,000

2.875%, 

5/15/2049

10,639,600

U.S.

Treasury

Notes

5,740,000

2.250%, 

11/15/2024

5,690,268

6,340,000

2.125%, 

11/30/2024

6,275,609

700,000

1.375%, 

1/31/2025

687,378

16,300,000

3.875%, 

3/31/2025

16,186,155

4,625,000

0.250%, 

8/31/2025

4,409,287

1,100,000

5.000%, 

8/31/2025

1,103,051

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

162

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

U.S.

Government

&

Agencies

(6.5%)

-

continued

$

6,500,000

4.250%, 

12/31/2025

$

6,475,879

9,100,000

2.625%, 

1/31/2026

8,857,926

9,100,000

0.500%, 

2/28/2026

8,557,555

23,740,000

2.500%, 

2/28/2026

23,039,855

19,300,000

4.625%, 

2/28/2026

19,349,758

16,600,000

4.500%, 

3/31/2026

16,623,992

7,450,000

0.500%, 

4/30/2027

6,760,002

2,055,000

2.250%, 

11/15/2027

1,942,296

9,775,000

3.875%, 

12/31/2027

9,731,089

1,700,000

0.750%, 

1/31/2028

1,520,438

10,200,000

3.500%, 

1/31/2028

10,029,070

5,400,000

3.625%, 

3/31/2028

5,331,445

21,400,000

2.875%, 

5/15/2028

20,553,195

1,100,000

4.375%, 

8/31/2028

1,116,414

3,300,000

3.750%, 

12/31/2028

3,272,543

9,780,000

1.375%, 

11/15/2031

8,176,233

10,800,000

4.125%, 

11/15/2032

10,882,688

1,200,000

4.500%, 

11/15/2033

1,241,250

Total

243,660,665

Utilities

(0.4%)

AES

Corporation

456,000

3.950%, 

7/15/2030

c

423,552

Ameren

Illinois

Company

257,000

4.500%, 

3/15/2049

224,634

American

Electric

Power

Company,

Inc.

242,000

5.200%, 

1/15/2029

245,175

198,000

5.625%, 

3/1/2033

203,088

American

Water

Capital

Corporation

241,000

5.450%, 

3/1/2054

239,111

Appalachian

Power

Company

155,000

3.300%, 

6/1/2027

148,482

Atmos

Energy

Corporation

178,000

5.900%, 

11/15/2033

189,925

Berkshire

Hathaway

Energy

Company

265,000

4.500%, 

2/1/2045

239,386

Calpine

Corporation

131,000

4.500%, 

2/15/2028

c

125,491

CenterPoint

Energy

Resources

Corporation

400,000

1.750%, 

10/1/2030

333,815

CenterPoint

Energy,

Inc.

107,000

4.250%, 

11/1/2028

103,503

Commonwealth

Edison

Company

290,000

3.700%, 

3/1/2045

228,960

Consolidated

Edison

Company

of

New

York,

Inc.

114,000

4.500%, 

12/1/2045

99,365

425,000

4.125%, 

5/15/2049

345,020

Constellation

Energy

Generation,

LLC

120,000

6.125%, 

1/15/2034

128,037

Consumers

Energy

Company

380,000

4.350%, 

4/15/2049

329,767

Dominion

Energy,

Inc.

32,000

6.875%, 

2/1/2055

e

33,218

32,000

7.000%, 

6/1/2054

e

33,606

DTE

Electric

Company

215,000

3.700%, 

3/15/2045

171,159

245,000

3.700%, 

6/1/2046

191,161

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Utilities

(0.4%)

-

continued

Duke

Energy

Carolinas,

LLC

$

435,000

3.700%, 

12/1/2047

$

330,870

Duke

Energy

Corporation

378,000

5.450%, 

6/15/2034

383,695

Duke

Energy

Indiana,

LLC

310,000

3.750%, 

5/15/2046

241,173

Edison

International

325,000

5.750%, 

6/15/2027

331,184

Enel

Finance

International

NV

315,000

5.125%, 

6/26/2029

c

316,479

Eversource

Energy

284,000

4.750%, 

5/15/2026

282,748

Exelon

Corporation

265,000

4.700%, 

4/15/2050

231,367

459,000

4.450%, 

4/15/2046

391,663

FirstEnergy

Corporation

285,000

4.850%, 

7/15/2047

250,508

Georgia

Power

Company

193,000

4.950%, 

5/17/2033

193,022

122,000

5.250%, 

3/15/2034

124,628

ITC

Holdings

Corporation

152,000

5.300%, 

7/1/2043

143,961

Jersey

Central

Power

&

Light

Company

275,000

2.750%, 

3/1/2032

c

233,714

MidAmerican

Energy

Company

267,000

5.850%, 

9/15/2054

281,193

National

Rural

Utilities

Cooperative

Finance

Corporation

153,000

3.700%, 

3/15/2029

147,155

NextEra

Energy

Operating

Partners,

LP

239,000

3.875%, 

10/15/2026

c

229,358

NiSource,

Inc.

435,000

5.650%, 

2/1/2045

432,286

NRG

Energy,

Inc.

49,000

3.375%, 

2/15/2029

c

44,100

65,000

5.250%, 

6/15/2029

c

63,203

Pacific

Gas

and

Electric

Company

265,000

3.300%, 

12/1/2027

250,674

241,000

5.550%, 

5/15/2029

246,162

195,000

4.550%, 

7/1/2030

188,712

238,000

6.950%, 

3/15/2034

262,559

125,000

5.800%, 

5/15/2034

127,451

PG&E

Corporation

151,000

5.000%, 

7/1/2028

147,286

PPL

Electric

Utilities

Corporation

234,000

3.950%, 

6/1/2047

191,261

Public

Service

Company

of

Colorado

299,000

4.500%, 

6/1/2052

250,866

Public

Service

Enterprise

Group,

Inc.

239,000

5.875%, 

10/15/2028

248,482

San

Diego

Gas

&

Electric

Company

540,000

4.150%, 

5/15/2048

447,293

Southern

California

Edison

Company

320,000

4.000%, 

4/1/2047

253,761

Southern

Company

456,000

5.113%, 

8/1/2027

459,616

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

163

Principal

Amount

Long-Term

Fixed

Income

(19.7%)

Value

Utilities

(0.4%)

-

continued

Southern

Company

Gas

Capital

Corporation

$

190,000

4.400%, 

5/30/2047

$

159,169

Southwestern

Electric

Power

Company

190,000

3.900%, 

4/1/2045

145,135

Talen

Energy

Supply,

LLC

112,000

8.625%, 

6/1/2030

c

120,694

TerraForm

Power

Operating,

LLC

235,000

5.000%, 

1/31/2028

c

226,461

Virginia

Electric

and

Power

Company

85,000

5.350%, 

1/15/2054

83,027

375,000

4.600%, 

12/1/2048

325,536

Vistra

Corporation

65,000

8.000%, 

10/15/2026

c,e,j

66,536

162,000

7.000%, 

12/15/2026

c,e,j

162,931

Vistra

Operations

Company,

LLC

325,000

5.125%, 

5/13/2025

c

323,368

396,000

5.000%, 

7/31/2027

c

387,740

Xcel

Energy,

Inc.

179,000

4.600%, 

6/1/2032

172,473

Total

13,935,955

Total

Long-Term

Fixed

Income

(cost

$772,272,798)

735,725,126

Shares

Private

Equity

Funds

(

0.7%

)

Value

Secondary

(0.7%)

1

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP

*,b,i

1,356,825

1

ASF

IX,

LP

*,b,i

3,131,491

1

ASF

VIII

Sidecar

(Cayman),

LP

*,b,i

99,404

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,b,i

1,686,394

1

LCP

X

(Offshore),

LP

*,b,i

18,242,242

1

StepStone

Secondary

Opportunities

Fund

V

Offshore,

LP

*,b,i

607,465

Total

25,123,821

Total

Private

Equity

Funds

(cost

$17,904,295)

25,123,821

Shares

Collateral

Held

for

Securities

Loaned

(

0.2%

)

Value

7,657,098

Thrivent

Cash

Management

Trust

7,657,098

Total

Collateral

Held

for

Securities

Loaned

(cost

$7,657,098)

7,657,098

Shares

or

Principal

Amount

Short-Term

Investments

(

13.9%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.210%,

9/23/2020

l,m

$

99,213

900,000

5.250%,

8/7/2024

l,m

899,080

2,400,000

5.245%,

8/16/2024

l,m

2,394,395

5,200,000

5.248%,

8/21/2024

l,m

5,184,060

5,500,000

5.225%,

9/17/2024

l,m

5,461,537

13,100,000

5.231%,

9/18/2024

l,m

13,006,479

1,700,000

5.170%,

10/9/2024

l,m

1,683,075

1,500,000

5.195%,

10/18/2024

l,m

1,483,147

700,000

5.215%,

10/30/2024

l,m

690,940

500,000

5.105%,

11/22/2024

l,m

492,036

Thrivent

Core

Short-Term

Reserve

Fund

48,743,044

5.600%

487,430,440

Total

Short-Term

Investments

(cost

$518,697,503)

518,824,402

Total

Investments

(cost

$3,069,481,646)

101.3%

$3,786,680,380

Other

Assets

and

Liabilities,

Net

(1.3%)

(48,905,315)

Total

Net

Assets

100.0%

$3,737,775,065

a

All

or

a

portion

of

the

security

is

on

loan.

b

Non-income

producing

security.

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$105,976,667

or

2.8%

of

total

net

assets.

d

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

July

31,

2024.

e

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

f

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

g

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

h

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

i

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

j

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

k

Defaulted

security.  Interest

is

not

being

accrued.

l

The

interest

rate

shown

reflects

the

yield.

m

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

164

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Moderate

Allocation

Fund

as

of

July

31,

2024

was

$25,162,321

or

0.67%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP 

6/28/2024

$

–

ASF

IX,

LP 

3/18/2024

1,929,355

ASF

VIII

Sidecar

(Cayman),

LP 

6/28/2024

–

Credit

Suisse

Group

AG 

9/5/2018

350,000

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

1,110,000

LCP

X

(Offshore),

LP 

10/25/2023

14,864,940

StepStone

Secondary

Opportunities

Fund

V

Offshore,

LP 

6/28/2024

–

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderate

Allocation

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

3,552,114

Common

Stock

3,921,938

Total

lending

$7,474,052

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$7,657,098

Net

amounts

due

to

counterparty

$183,046

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

SOFRINDX

-

Secured

Overnight

Financing

Rate

Compounded

Index

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

165

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Moderate

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Registered

Investment

Companies

U.S.

Affiliated

1,452,314,649

1,452,314,649

–

–

U.S.

Unaffiliated

28,118,981

28,118,981

–

–

Common

Stock

Communications

Services

50,822,017

50,822,017

–

–

Consumer

Discretionary

80,579,172

80,579,172

–

–

Consumer

Staples

36,154,903

36,154,903

–

–

Energy

34,958,234

34,958,234

–

–

Financials

131,434,266

131,434,266

–

–

Health

Care

99,796,324

99,796,324

–

–

Industrials

116,553,908

115,155,682

1,398,226

–

Information

Technology

179,801,032

176,141,869

3,659,163

–

Materials

28,995,655

28,710,377

285,278

–

Real

Estate

35,045,260

35,045,260

–

–

Utilities

22,049,879

22,049,879

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

17,439,607

–

17,439,607

–

Basic

Materials

5,292,832

–

5,292,832

–

Capital

Goods

12,851,786

–

12,851,786

–

Collateralized

Mortgage

Obligations

28,484,982

–

28,484,982

–

Commercial

Mortgage-Backed

Securities

12,578,582

–

12,578,582

–

Communications

Services

18,508,308

–

18,508,308

–

Consumer

Cyclical

21,956,568

–

21,956,568

–

Consumer

Non-Cyclical

22,135,939

–

21,823,096

312,843

Energy

18,960,355

–

18,960,355

–

Financials

63,261,240

–

63,261,240

–

Foreign

Government

617,601

–

617,601

–

Mortgage-Backed

Securities

236,999,690

–

236,999,690

–

Technology

14,717,479

–

14,717,479

–

Transportation

4,323,537

–

4,323,537

–

U.S.

Government

&

Agencies

243,660,665

–

243,660,665

–

Utilities

13,935,955

–

13,935,955

–

Private

Equity

Funds

Secondary

25,123,821

–

–

25,123,821

Short-Term

Investments

31,393,962

–

31,393,962

–

Subtotal

Investments

in

Securities

$3,088,867,189

$2,291,281,613

$772,148,912

$25,436,664

Other

Investments  *

Total

Affiliated

Short-Term

Investments

487,430,440

U.S.

Affiliated

Registered

Investment

Cos.

202,725,653

Collateral

Held

for

Securities

Loaned

7,657,098

Subtotal

Other

Investments

$697,813,191

Total

Investments

at

Value

$3,786,680,380

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Moderate

Allocation

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

10,616,978

10,616,978

–

–

Total

Asset

Derivatives

$10,616,978

$10,616,978

$–

$–

Liability

Derivatives

Futures

Contracts

26,054,449

25,899,633

154,816

–

Total

Liability

Derivatives

$26,054,449

$25,899,633

$154,816

$–

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

166

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

at

The

following

table

presents

Moderate

Allocation

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$31,439,262

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

167

September

2024

$

18,206,073

$

466,615

CBOT

2-Yr.

U.S.

Treasury

Note

516

September

2024

105,063,787

905,683

CBOT

5-Yr.

U.S.

Treasury

Note

410

September

2024

43,397,012

838,147

CBOT

U.S.

Long

Bond

208

September

2024

24,323,576

798,924

CME

E-mini

Russell

2000

Index

25

September

2024

2,571,185

270,065

CME

E-mini

S&P

500

Index

2,328

September

2024

640,596,448

6,354,751

CME

E-mini

S&P

Mid-Cap

400

Index

2

September

2024

602,411

21,609

CME

Ultra

Long

Term

U.S.

Treasury

Bond

174

September

2024

21,569,614

696,948

Ultra

10-Yr.

U.S.

Treasury

Note

84

September

2024

9,444,327

264,236

Total

Futures

Long

Contracts

$

865,774,433

$

10,616,978

CBOT

10-Yr.

U.S.

Treasury

Note

(8)

September

2024

(

$

872,103)

(

$

22,397)

CME

E-mini

Russell

2000

Index

(1,140)

September

2024

(

117,363,852)

(

12,197,148)

CME

E-mini

S&P

Mid-Cap

400

Index

(747)

September

2024

(

220,263,972)

(

12,807,498)

CME

Euro

Foreign

Exchange

Currency

(280)

September

2024

(

37,751,932)

(

223,068)

Eurex

Euro

STOXX

50

Index

(693)

September

2024

(

36,610,184)

(

154,816)

ICE

mini

MSCI

EAFE

Index

(78)

September

2024

(

9,066,415)

(

253,415)

ICE

US

mini

MSCI

Emerging

Markets

Index

(447)

September

2024

(

24,129,620)

(

377,155)

Ultra

10-Yr.

U.S.

Treasury

Note

(6)

September

2024

(

674,516)

(

18,952)

Total

Futures

Short

Contracts

(

$

446,732,594)

($26,054,449)

Total

Futures

Contracts

$

419,041,839

($15,437,471)

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

167

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderate

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$56,191

$2,683

$4,788

$60,377

7,463

1.6%

Core

Emerging

Markets

Equity

17,083

615

–

20,864

2,185

0.6

Core

International

Equity

10,325

405

–

12,871

1,172

0.3

Core

Low

Volatility

Equity

45,873

3,952

47,600

2,284

196

0.1

Core

Mid

Cap

Value

37,379

784

–

46,926

4,124

1.3

Core

Small

Cap

Value

46,167

855

4,000

59,403

5,112

1.6

Global

Stock,

Class

S

67,356

4,241

–

86,322

2,949

2.3

High

Yield,

Class

S

39,920

1,994

560

44,099

10,475

1.2

Income,

Class

S

115,087

4,088

1,204

128,660

15,787

3.4

International

Allocation,

Class

S

119,460

4,070

–

148,069

13,412

4.0

Large

Cap

Growth,

Class

S

278,420

9,381

–

381,750

18,231

10.1

Large

Cap

Value,

Class

S

277,454

10,687

–

346,602

11,323

9.3

Limited

Maturity

Bond,

Class

S

68,819

1,962

600

72,982

5,910

2.0

Mid

Cap

Stock,

Class

S

148,393

2,540

–

190,337

5,089

5.1

Small

Cap

Stock,

Class

S

39,427

216

–

53,492

1,603

1.4

Total

U.S.

Affiliated

Registered

Investment

Companies

1,367,354

1,655,038

44.3

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

431,201

492,036

435,807

487,430

48,743

13.0

Total

Affiliated

Short-Term

Investments

431,201

487,430

13.0

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

6,898

131,623

130,864

7,657

7,657

0.2

Total

Collateral

Held

for

Securities

Loaned

6,898

7,657

0.2

Total

Value

$1,805,453

$2,150,125

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($1,254)

$7,545

$–

$2,683

Core

Emerging

Markets

Equity

–

3,166

–

615

Core

International

Equity

–

2,141

–

406

Core

Low

Volatility

Equity

Fund

4,378

(4,319)

2,896

1,057

Core

Mid

Cap

Value

–

8,763

175

610

Core

Small

Cap

Value

79

16,302

–

855

Global

Stock,

Class

S

–

14,725

2,733

1,507

High

Yield,

Class

S

(106)

2,851

–

1,993

Income,

Class

S

(318)

11,007

–

4,089

International

Allocation,

Class

S

–

24,539

–

4,070

Large

Cap

Growth,

Class

S

–

93,949

9,381

–

Large

Cap

Value,

Class

S

–

58,461

5,470

5,217

Limited

Maturity

Bond,

Class

S

(26)

2,827

–

1,966

Mid

Cap

Stock,

Class

S

–

39,404

1,771

769

Small

Cap

Stock,

Class

S

–

13,849

–

216

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

–

–

–

21,067

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$47,120

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

38

Total

Affiliated

Income

from

Securities

Loaned,

Net

$38

Total

$2,753

$295,210

$22,426

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

168

Shares

Registered

Investment

Companies

(

49.7%

)

Value

U.S.

Affiliated  (49.0%)

4,264,077

Thrivent

Core

Emerging

Markets

Debt

Fund

$

34,496,384

7,454,610

Thrivent

Core

Emerging

Markets

Equity

Fund

71,191,529

11,177,411

Thrivent

Core

International

Equity

Fund

122,727,972

287,352

Thrivent

Core

Low

Volatility

Equity

Fund

3,344,780

5,422,643

Thrivent

Core

Mid

Cap

Value

Fund

61,709,674

6,560,199

Thrivent

Core

Small

Cap

Value

Fund

76,229,511

7,540,171

Thrivent

Global

Stock

Fund,

Class

S

220,700,813

5,952,872

Thrivent

High

Yield

Fund,

Class

S

25,061,590

8,876,028

Thrivent

Income

Fund,

Class

S

72,339,630

26,901,388

Thrivent

International

Allocation

Fund,

Class

S

296,991,320

23,159,844

Thrivent

Large

Cap

Growth

Fund,

Class

S

484,967,141

13,300,180

Thrivent

Large

Cap

Value

Fund,

Class

S

407,118,494

3,330,314

Thrivent

Limited

Maturity

Bond

Fund,

Class

S

41,129,378

7,810,944

Thrivent

Mid

Cap

Stock

Fund,

Class

S

292,129,324

2,469,899

Thrivent

Small

Cap

Stock

Fund,

Class

S

82,395,842

Total

2,292,533,382

U.S.

Unaffiliated  (0.7%)

5,692

Invesco

QQQ

Trust

Series

1

2,681,331

58,249

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

2,149,388

20,044

SPDR

Bloomberg

High

Yield

Bond

ETF

a

1,921,017

34,362

SPDR

S&P

500

ETF

Trust

18,926,933

34,299

SPDR

S&P

Biotech

ETF

3,397,659

2,187

SPDR

S&P

Oil

&

Gas

Exploration

ETF

320,155

Total

29,396,483

Total

Registered

Investment

Companies

(cost

$1,601,639,676)

2,321,929,865

Shares

Common

Stock

(

26.1%

)

Value

Communications

Services

(1.5%)

44,915

Alphabet,

Inc.,

Class

A

7,704,719

96,997

Alphabet,

Inc.,

Class

C

16,795,031

41,301

Altice

USA,

Inc.

b

86,319

17,084

AMC

Networks,

Inc.

a,b

190,145

10,110

Bandwidth,

Inc.

b

230,710

136,917

Cargurus,

Inc.

b

3,398,280

546

Charter

Communications,

Inc.

b

207,327

19,826

Cogent

Communications

Holdings

1,399,517

86,003

Comcast

Corporation

3,549,344

56,074

E.W.

Scripps

Company

b

210,838

3,862

Electronic

Arts,

Inc.

582,930

11,478

Emerald

Holding,

Inc.

a,b

65,080

5,471

Entravision

Communications

Corporation

11,981

29,770

iHeartMedia,

Inc.

a,b

52,991

8,320

Imax

Corporation

b

175,552

42,717

Integral

Ad

Science

Holding

Corporation

b

434,859

Shares

Common

Stock

(26.1%)

Value

Communications

Services

(1.5%)

-

continued

12,751

Iridium

Communications,

Inc.

$

365,954

4,874

Liberty

Global,

Ltd.,

Class

A

b

94,994

15,992

Liberty

Latin

America,

Ltd.,

Class

A

b

167,596

2,884

Liberty

Media

Corporation-Liberty

Live

Group

b

112,534

19,319

Magnite,

Inc.

b

280,898

34,977

Meta

Platforms,

Inc.

16,608,129

2,906

Netflix,

Inc.

b

1,825,985

11,203

New

York

Times

Company

600,369

1,424

Omnicom

Group,

Inc.

139,609

21,465

Paramount

Global

a

245,130

41,790

Pinterest,

Inc.

b

1,335,191

122,992

QuinStreet,

Inc.

b

2,299,950

7,371

Roku,

Inc.

b

429,066

5,330

Sinclair,

Inc.

81,975

10,438

Sirius

XM

Holdings,

Inc.

a

36,011

4,725

TechTarget,

Inc.

b

151,200

10,903

Telephone

and

Data

Systems,

Inc.

231,144

19,252

Trade

Desk,

Inc.

b

1,730,370

124,942

Verizon

Communications,

Inc.

5,062,650

118,452

Warner

Brothers

Discovery,

Inc.

b

1,024,610

Total

67,918,988

Consumer

Discretionary

(2.6%)

287

Adient

plc

b

7,393

102,322

Amazon.com,

Inc.

b

19,132,168

22,401

American

Axle

&

Manufacturing

Holdings,

Inc.

b

166,439

28,588

American

Eagle

Outfitters,

Inc.

630,365

24,532

Aptiv

plc

b

1,702,275

12,344

Autoliv,

Inc.

1,248,472

1,104

Beazer

Homes

USA,

Inc.

b

37,172

12,285

Best

Buy

Company,

Inc.

1,062,898

455

Booking

Holdings,

Inc.

1,690,330

24,111

Boot

Barn

Holdings,

Inc.

b

3,218,336

7,024

BorgWarner,

Inc.

248,017

10,271

Brunswick

Corporation

836,573

2,778

Carvana

Company

b

370,113

403

Cavco

Industries,

Inc.

b

167,092

2,417

Chewy,

Inc.

b

58,443

39,148

Chipotle

Mexican

Grill,

Inc.

b

2,126,519

22,035

Columbia

Sportswear

Company

1,800,259

49,757

Cooper-Standard

Holdings,

Inc.

b

735,408

7,234

Crocs,

Inc.

b

972,033

8,622

D.R.

Horton,

Inc.

1,551,356

29,286

Dana,

Inc.

372,225

459

Darden

Restaurants,

Inc.

67,147

1,522

Deckers

Outdoor

Corporation

b

1,404,243

940

DoorDash,

Inc.

b

104,077

121

Dorman

Products,

Inc.

b

12,266

20,229

DraftKings,

Inc.

b

747,462

27,111

eBay,

Inc.

1,507,643

1,232

El

Pollo

Loco

Holdings,

Inc.

b

14,858

3,784

Etsy,

Inc.

b

246,490

16,744

Everi

Holdings,

Inc.

b

215,495

9,631

Expedia

Group,

Inc.

b

1,229,590

363

Fox

Factory

Holding

Corporation

b

19,381

757

Frontdoor,

Inc.

b

29,871

27,699

Gap,

Inc.

650,373

6,444

Garmin,

Ltd.

1,103,535

36,893

Gentex

Corporation

1,145,897

2,722

Genuine

Parts

Company

400,433

10,900

Goodyear

Tire

&

Rubber

Company

b

127,530

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

169

Shares

Common

Stock

(26.1%)

Value

Consumer

Discretionary

(2.6%)

-

continued

17,543

Grand

Canyon

Education,

Inc.

b

$

2,735,831

4,415

Group

1

Automotive,

Inc.

1,614,654

5,038

H&R

Block,

Inc.

291,902

42,793

Hanesbrands,

Inc.

b

254,190

2,012

Harley-Davidson,

Inc.

75,450

6,133

Hasbro,

Inc.

395,333

25,397

Hilton

Worldwide

Holdings,

Inc.

5,451,974

8,476

Home

Depot,

Inc.

3,120,524

6,982

Installed

Building

Products,

Inc.

1,887,584

171

KB

Home

14,720

10,243

Kohl's

Corporation

221,863

41,600

Laureate

Education,

Inc.

644,800

3,390

Lear

Corporation

413,716

5,513

Leggett

&

Platt,

Inc.

72,606

1,184

Lennar

Corporation

209,485

503

Light

&

Wonder,

Inc.

b

53,922

22,609

LKQ

Corporation

938,273

11,588

Lowe's

Companies,

Inc.

2,844,970

5,897

Lululemon

Athletica,

Inc.

b

1,525,318

719

M/I

Homes,

Inc.

b

119,951

12,611

McDonald's

Corporation

3,346,959

3,218

Meritage

Homes

Corporation

652,836

26,192

Mobileye

Global,

Inc.

b

550,032

16,362

Modine

Manufacturing

Company

b

1,925,153

6,199

Mohawk

Industries,

Inc.

b

998,473

9,690

Nordstrom,

Inc.

221,223

459

NVR,

Inc.

b

3,950,833

788

OneSpaWorld

Holdings,

Ltd.

b

12,679

2,710

O'Reilly

Automotive,

Inc.

b

3,052,381

12,863

Patrick

Industries,

Inc.

1,647,236

4,175

Pool

Corporation

1,561,617

94,714

Qurate

Retail,

Inc.

b

67,882

909

Ralph

Lauren

Corporation

159,611

15,461

Ross

Stores,

Inc.

2,214,479

38,736

Savers

Value

Village,

Inc.

b

394,720

2,671

Service

Corporation

International/

US

213,440

64,433

SharkNinja,

Inc.

4,951,676

63,989

Skyline

Champion

Corporation

b

5,215,743

17,521

Sony

Group

Corporation

ADR

1,552,185

1,263

Starbucks

Corporation

98,451

4,688

Steven

Madden,

Ltd.

212,554

9,283

Stitch

Fix,

Inc.

b

43,723

124,739

Stoneridge,

Inc.

b

2,096,863

3,293

Strategic

Education,

Inc.

347,082

21,940

Tesla,

Inc.

b

5,091,616

21,491

Texas

Roadhouse,

Inc.

3,752,543

102,020

ThredUp,

Inc.

b

214,242

692

TopBuild

Corporation

b

331,150

18,113

Travel

+

Leisure

Company

834,828

439

Ulta

Beauty,

Inc.

b

160,187

7,469

Upbound

Group,

Inc.

281,805

10,635

Urban

Outfitters,

Inc.

b

489,742

28,229

VF

Corporation

478,764

143

Visteon

Corporation

b

16,522

41

Wingstop,

Inc.

15,329

57,968

Wyndham

Hotels

&

Resorts,

Inc.

4,389,337

49,727

Yum

China

Holding,

Inc.

1,503,744

Total

123,094,883

Consumer

Staples

(1.2%)

40,676

Altria

Group,

Inc.

1,993,531

7,006

BellRing

Brands,

Inc.

b

359,268

23,459

BJ's

Wholesale

Club

Holdings,

Inc.

b

2,063,454

Shares

Common

Stock

(26.1%)

Value

Consumer

Staples

(1.2%)

-

continued

1,509

Casey's

General

Stores,

Inc.

$

585,251

24,087

Celsius

Holdings,

Inc.

b

1,127,994

46,966

Coca-Cola

Company

3,134,511

4,496

Colgate-Palmolive

Company

445,958

1,733

Costco

Wholesale

Corporation

1,424,526

150,311

Coty,

Inc.

b

1,495,594

313

Dollar

Tree,

Inc.

b

32,658

15,251

e.l.f.

Beauty,

Inc.

b

2,632,018

29,114

J

&

J

Snack

Foods

Corporation

4,911,532

8,620

J.M.

Smucker

Company

1,016,729

13,140

John

B.

Sanfilippo

&

Son,

Inc.

1,377,992

125,327

Kenvue,

Inc.

2,317,296

6,515

Keurig

Dr

Pepper,

Inc.

223,334

4,271

Kroger

Company

232,770

23,443

Lamb

Weston

Holdings,

Inc.

1,407,049

21,503

Lancaster

Colony

Corporation

4,151,369

426

McCormick

&

Company,

Inc.

32,806

67,465

Philip

Morris

International,

Inc.

7,769,269

23,772

Pilgrim's

Pride

Corporation

b

980,120

834

PriceSmart,

Inc.

76,169

14,328

Procter

&

Gamble

Company

2,303,369

43,386

Sysco

Corporation

3,325,537

23,710

Turning

Point

Brands,

Inc.

894,341

24,838

Tyson

Foods,

Inc.

1,512,634

5,564

US

Foods

Holding

Corporation

b

302,626

10,752

Walgreens

Boots

Alliance,

Inc.

127,626

98,947

Walmart,

Inc.

6,791,722

Total

55,049,053

Energy

(1.1%)

54,327

Archrock,

Inc.

1,126,199

18,318

Baker

Hughes

Company

709,273

3,570

California

Resources

Corporation

183,641

25,860

Chesapeake

Energy

Corporation

1,973,894

959

Chevron

Corporation

153,891

6,558

Civitas

Resources,

Inc.

457,486

30,385

ConocoPhillips

3,378,812

14,663

Delek

US

Holdings,

Inc.

348,686

115,208

Devon

Energy

Corporation

5,418,232

102,386

Enterprise

Products

Partners,

LP

2,954,860

27,372

EOG

Resources,

Inc.

3,470,770

14,929

Expro

Group

Holdings

NV

b

346,651

70,822

Exxon

Mobil

Corporation

8,398,781

4,950

Gulfport

Energy

Corporation

b

728,689

88,112

Halliburton

Company

3,055,724

12,356

Hess

Midstream,

LP

463,103

1,382

International

Seaways,

Inc.

77,392

5,762

Kodiak

Gas

Services,

Inc.

166,234

10,471

Marathon

Petroleum

Corporation

1,853,576

48,141

Matador

Resources

Company

2,959,709

7,308

Noble

Corporation

plc

345,084

91,274

NOV,

Inc.

1,900,325

7,956

Ovintiv,

Inc.

369,477

12,068

Par

Pacific

Holdings,

Inc.

b

320,405

3,781

Phillips

66

550,060

5,245

ProPetro

Holding

Corporation

b

50,299

15,436

Schlumberger

NV

745,404

19,398

Shell

plc

ADR

1,420,322

18,318

SM

Energy

Company

846,292

178,341

TechnipFMC

plc

5,261,059

10,311

Viper

Energy,

Inc.

439,970

10,823

Williams

Companies,

Inc.

464,740

Total

50,939,040

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

170

Shares

Common

Stock

(26.1%)

Value

Financials

(4.1%)

11,532

Allstate

Corporation

$

1,973,356

70,302

Ally

Financial,

Inc.

3,164,293

6,870

Amalgamated

Financial

Corporation

218,535

3,783

American

Express

Company

957,250

26,445

American

International

Group,

Inc.

2,095,237

4,182

Ameriprise

Financial,

Inc.

1,798,553

1,456

Ameris

Bancorp

88,656

18,225

Annaly

Capital

Management,

Inc.

362,860

14,752

Arch

Capital

Group,

Ltd.

b

1,412,947

5,047

Arthur

J.

Gallagher

&

Company

1,430,774

9,166

Artisan

Partners

Asset

Management,

Inc.

404,771

6,195

Associated

Banc-Corp

142,361

2,698

Assurant,

Inc.

471,799

3,372

Assured

Guaranty,

Ltd.

277,752

1,869

Atlantic

Union

Bankshares

Corporation

77,171

1,290

Axis

Capital

Holdings,

Ltd.

97,718

4,782

Axos

Financial,

Inc.

b

349,134

2,731

Bancorp,

Inc.

b

141,575

139,101

Bank

of

America

Corporation

5,607,161

405

Bank

of

Hawaii

Corporation

27,779

4,582

Bank

of

Marin

Bancorp

93,060

23,088

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

885,194

38,145

Bank

of

New

York

Mellon

Corporation

2,482,095

17,398

Bank

OZK

815,792

3,604

BankFinancial

Corporation

42,239

904

BankUnited,

Inc.

34,822

513

Banner

Corporation

30,380

2,192

Bar

Harbor

Bankshares

70,056

1,159

BayCom

Corporation

27,920

6,781

BCB

Bancorp,

Inc.

85,983

7,748

Berkshire

Hathaway,

Inc.

b

3,397,498

6,971

Berkshire

Hills

Bancorp,

Inc.

192,400

2,689

Block,

Inc.

b

166,395

51,504

Blue

Owl

Capital,

Inc.

982,181

344

BOK

Financial

Corporation

35,377

54,007

Bridgewater

Bancshares,

Inc.

b

745,837

5,574

Brighthouse

Financial,

Inc.

b

277,975

3,636

BrightSpire

Capital,

Inc.

20,834

31,172

Brookline

Bancorp,

Inc.

326,994

16,497

Brown

&

Brown,

Inc.

1,640,297

7,084

Business

First

Bancshares,

Inc.

180,075

6,147

Byline

Bancorp,

Inc.

172,423

6,317

Cadence

Bank

207,640

799

Camden

National

Corporation

33,302

421

Capital

City

Bank

Group,

Inc.

14,946

12,999

Capital

One

Financial

Corporation

1,968,049

16,472

Capitol

Federal

Financial,

Inc.

104,103

19,637

Carlyle

Group,

Inc.

976,744

8,117

Cathay

General

Bancorp

359,745

8,488

Cboe

Global

Markets,

Inc.

1,557,633

17,939

Central

Pacific

Financial

Corporation

468,029

53,629

Charles

Schwab

Corporation

3,496,075

20,566

Chubb,

Ltd.

5,669,224

3,656

Cincinnati

Financial

Corporation

477,547

7,165

Citigroup,

Inc.

464,865

1,476

Citizens

Financial

Group,

Inc.

62,981

5,582

CNB

Financial

Corporation

143,234

9,548

CNO

Financial

Group,

Inc.

332,843

32,975

Columbia

Banking

System,

Inc.

862,626

5,247

Comerica,

Inc.

287,588

Shares

Common

Stock

(26.1%)

Value

Financials

(4.1%)

-

continued

4,698

Commerce

Bancshares,

Inc.

$

304,008

712

Community

Financial

System,

Inc.

43,916

8,943

Community

Trust

Bancorp,

Inc.

453,589

8,119

ConnectOne

Bancorp,

Inc.

196,642

2,215

Cullen/Frost

Bankers,

Inc.

259,288

3,726

Customers

Bancorp,

Inc.

b

240,253

1,416

CVB

Financial

Corporation

26,989

7,634

Dime

Community

Bancshares,

Inc.

192,988

17,494

Discover

Financial

Services

2,518,961

7,817

Eagle

Bancorp,

Inc.

168,222

6,628

East

West

Bancorp,

Inc.

582,535

9,765

Ellington

Credit

Company

68,550

1,593

Employers

Holdings,

Inc.

76,480

3,770

Enova

International,

Inc.

b

325,992

512

Enterprise

Bancorp,

Inc./MA

15,130

10,293

Enterprise

Financial

Services

Corporation

544,191

2,826

Equity

Bancshares,

Inc.

114,453

81,639

F.N.B.

Corporation

1,252,342

1,865

FactSet

Research

Systems,

Inc.

770,413

31,695

Federated

Hermes,

Inc.

1,088,089

3,354

Fidelity

National

Information

Services,

Inc.

257,688

2,645

Fifth

Third

Bancorp

111,989

7,872

Financial

Institutions,

Inc.

207,191

3,295

First

Bancorp/Puerto

Rico

70,678

7,964

First

Bancshares,

Inc.

265,361

728

First

Citizens

BancShares,

Inc./NC

1,519,838

1,962

First

Financial

Bancorp

53,680

3,093

First

Financial

Bankshares,

Inc.

118,957

3,534

First

Financial

Corporation

158,889

20,236

First

Foundation,

Inc.

141,652

1,919

First

Hawaiian,

Inc.

48,052

23,271

First

Horizon

Corporation

389,324

3,619

First

Internet

Bancorp

134,120

9,482

First

Interstate

BancSystem,

Inc.

299,347

3,086

First

Merchants

Corporation

124,520

4,876

First

Mid-Illinois

Bancshares,

Inc.

187,190

11,297

First

of

Long

Island

Corporation

148,217

8,563

Fiserv,

Inc.

b

1,400,650

9,178

Flushing

Financial

Corporation

135,192

3,279

Fulton

Financial

Corporation

63,514

55,667

Glacier

Bancorp,

Inc.

2,488,872

2,239

Global

Payments,

Inc.

227,572

4,310

Great

Southern

Bancorp,

Inc.

269,849

5,114

Green

Dot

Corporation

b

48,890

19,018

Hamilton

Lane,

Inc.

2,745,629

2,565

Hancock

Whitney

Corporation

140,382

25,970

Hanmi

Financial

Corporation

529,788

1,872

Hanover

Insurance

Group,

Inc.

257,381

4,556

Hartford

Financial

Services

Group,

Inc.

505,352

4,066

Heartland

Financial

USA,

Inc.

221,678

12,493

Heritage

Commerce

Corporation

129,303

12,293

Heritage

Financial

Corporation

284,829

5,564

Home

BancShares,

Inc.

157,628

8,435

Hometrust

Bancshares,

Inc.

299,189

34,037

Hope

Bancorp,

Inc.

447,927

814

Horace

Mann

Educators

Corporation

28,140

12,685

Horizon

Bancorp,

Inc.

202,579

30,347

Houlihan

Lokey,

Inc.

4,559,637

4,962

Huntington

Bancshares,

Inc./OH

74,182

4,658

Independent

Bank

Corporation/MA

298,811

7,770

Independent

Bank

Corporation/MI

269,541

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

171

Shares

Common

Stock

(26.1%)

Value

Financials

(4.1%)

-

continued

61,674

Intercontinental

Exchange,

Inc.

$

9,347,311

196

International

Bancshares

Corporation

13,218

69,248

Invesco,

Ltd.

1,195,220

947

Investar

Holding

Corporation

17,520

47,126

J.P.

Morgan

Chase

&

Company

10,028,413

7,973

Jack

Henry

&

Associates,

Inc.

1,367,210

26,904

Janus

Henderson

Group

plc

1,001,636

7,318

Jefferies

Financial

Group,

Inc.

427,883

27,417

Kearny

Financial

Corporation/MD

197,402

94,140

KeyCorp

1,518,478

15,500

Kinsale

Capital

Group,

Inc.

7,084,585

4,201

Lazard,

Inc.

206,563

1,845

LendingTree,

Inc.

b

98,191

538

LPL

Financial

Holdings,

Inc.

119,178

644

M&T

Bank

Corporation

110,877

21,716

Marsh

&

McLennan

Companies,

Inc.

4,833,330

7,699

Mastercard,

Inc.

3,570,103

4,690

Mercantile

Bank

Corporation

226,808

30,470

MetLife,

Inc.

2,341,620

2,859

Metropolitan

Bank

Holding

Corporation

b

150,755

25,169

MFA

Financial,

Inc.

281,641

88,865

MGIC

Investment

Corporation

2,207,407

1,927

Mid

Penn

Bancorp,

Inc.

57,136

7,964

Midland

States

Bancorp,

Inc.

189,065

14,403

MidWestOne

Financial

Group,

Inc.

422,152

2,487

Moody's

Corporation

1,135,266

11,675

Mr.

Cooper

Group,

Inc.

b

1,049,349

4,475

MSCI,

Inc.

2,419,901

560

MVB

Financial

Corporation

12,863

82,016

Nasdaq,

Inc.

5,550,843

2,986

NCR

Atleos

Corporation

b

96,000

136

Nelnet,

Inc.

15,329

2,408

New

York

Community

Bancorp,

Inc.

a

25,332

40,354

NMI

Holdings,

Inc.

b

1,587,930

25,664

Northern

Trust

Corporation

2,275,114

9,740

Northfield

Bancorp,

Inc.

121,847

21,278

NU

Holdings,

Ltd./Cayman

Islands

b

258,102

30,243

OceanFirst

Financial

Corporation

549,515

8,064

OFG

Bancorp

366,267

11,271

Old

National

Bancorp

225,645

7,546

Old

Republic

International

Corporation

261,243

12,954

Old

Second

Bancorp,

Inc.

219,182

20,356

OneMain

Holdings,

Inc.

1,063,805

2,433

Orrstown

Financial

Services,

Inc.

85,544

498

Pacific

Premier

Bancorp,

Inc.

13,476

162

Park

National

Corporation

28,668

2,731

Pathward

Financial,

Inc.

184,452

20,069

PayPal

Holdings,

Inc.

b

1,320,139

2,254

PCB

Bancorp

43,435

1,804

PennyMac

Financial

Services,

Inc.

177,008

5,672

Peoples

Bancorp,

Inc./OH

188,707

2,742

Pinnacle

Financial

Partners,

Inc.

264,109

58

Piper

Sandler

Companies

15,850

810

PNC

Financial

Services

Group,

Inc.

146,691

2,653

Popular,

Inc.

272,277

7,286

Premier

Financial

Corporation

184,627

5,086

Principal

Financial

Group,

Inc.

414,560

13,743

Progressive

Corporation

2,942,651

18,418

Prosperity

Bancshares,

Inc.

1,335,673

Shares

Common

Stock

(26.1%)

Value

Financials

(4.1%)

-

continued

14,031

Provident

Financial

Services,

Inc.

$

260,135

2,011

Prudential

Financial,

Inc.

252,019

40,090

Radian

Group,

Inc.

1,487,339

3,081

Regions

Financial

Corporation

68,922

1,026

Reinsurance

Group

of

America,

Inc.

231,291

48,612

Rithm

Capital

Corporation

564,385

25,264

RLI

Corporation

3,804,506

3,786

S&P

Global,

Inc.

1,835,188

3,169

Sandy

Spring

Bancorp,

Inc.

97,066

23,769

SEI

Investments

Company

1,612,489

1,163

ServisFirst

Bancshares,

Inc.

93,319

8,662

Shore

Bancshares,

Inc.

125,772

623

Simmons

First

National

Corporation

13,413

3,565

Skyward

Specialty

Insurance

Group,

Inc.

b

141,067

221

Southern

First

Bancshares,

Inc.

b

7,647

944

Southern

Missouri

Bancorp,

Inc.

53,997

2,684

Southside

Bancshares,

Inc.

93,913

2,805

SouthState

Corporation

277,611

733

Stellar

Bancorp,

Inc.

20,084

10,500

StepStone

Group,

Inc.

527,730

1,244

Stifel

Financial

Corporation

110,305

5,361

Synovus

Financial

Corporation

250,627

683

Texas

Capital

Bancshares,

Inc.

b

45,146

36,100

TPG,

Inc.

1,840,739

26,843

Tradeweb

Markets,

Inc.

2,997,826

48,368

Triumph

Financial,

Inc.

b

4,388,429

1,493

Truist

Financial

Corporation

66,722

4,143

TrustCo

Bank

Corporation

NY

147,532

11,636

Two

Harbors

Investment

Corporation

156,737

3,446

U.S.

Bancorp

154,656

3,899

UMB

Financial

Corporation

397,776

3,872

United

Bankshares,

Inc.

150,737

2,524

United

Community

Banks,

Inc.

78,118

6,545

Univest

Financial

Corporation

180,969

2,142

Unum

Group

123,229

83,449

Valley

National

Bancorp

700,972

8,339

Veritex

Holdings,

Inc.

209,059

32,829

Virtu

Financial,

Inc.

896,888

6,318

Visa,

Inc.

1,678,503

5,307

Voya

Financial,

Inc.

385,978

3,375

WaFd,

Inc.

120,116

1,379

Walker

&

Dunlop,

Inc.

147,415

21,531

Webster

Financial

Corporation

1,068,368

114,943

Wells

Fargo

&

Company

6,820,718

3,764

Westamerica

Bancorporation

203,105

42,692

Western

Alliance

Bancorp

3,434,998

42,366

Western

Union

Company

503,732

1,157

Willis

Towers

Watson

plc

326,598

2,203

Wintrust

Financial

Corporation

238,365

1,074

WSFS

Financial

Corporation

60,670

31,438

Zions

Bancorp

NA

1,624,401

Total

193,501,351

Health

Care

(3.2%)

31,384

Abbott

Laboratories

3,324,821

3,736

AbbVie,

Inc.

692,355

4,993

ACELYRIN,

Inc.

b

29,958

33,760

Agilent

Technologies,

Inc.

4,773,664

3,286

Agios

Pharmaceuticals,

Inc.

b

152,470

7,083

Align

Technology,

Inc.

b

1,642,406

7,935

Amgen,

Inc.

2,638,149

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

172

Shares

Common

Stock

(26.1%)

Value

Health

Care

(3.2%)

-

continued

11,197

AMN

Healthcare

Services,

Inc.

b

$

757,141

12,673

Amneal

Pharmaceuticals,

Inc.

b

92,893

3,062

Anika

Therapeutics,

Inc.

b

83,439

6,451

Arcellx,

Inc.

b

398,736

3,859

Argenx

SE

ADR

b

1,990,742

814

Arvinas,

Inc.

b

22,393

8,216

Ascendis

Pharma

AS

ADR

b

1,096,836

23,586

AstraZeneca

plc

ADR

1,866,832

115,296

Avantor,

Inc.

b

3,084,168

5,375

Biogen,

Inc.

b

1,145,950

33,393

Bio-Techne

Corporation

2,724,535

14,962

Boston

Scientific

Corporation

b

1,105,393

8,598

Bruker

Corporation

589,049

10,885

CareDx,

Inc.

b

217,591

14,305

Caribou

Biosciences,

Inc.

b

33,188

3,114

Castle

Biosciences,

Inc.

b

75,141

5,239

Cencora,

Inc.

1,246,253

3,306

Centene

Corporation

b

254,297

6,460

Charles

River

Laboratories

International,

Inc.

b

1,576,886

7,147

Chemed

Corporation

4,074,933

7,075

Cigna

Group

2,466,840

4,059

Cooper

Companies,

Inc.

b

378,826

1,599

CRISPR

Therapeutics

AG

a,b

91,607

11,728

Danaher

Corporation

3,249,594

7,020

Definitive

Healthcare

Corporation

b

27,378

18,221

Denali

Therapeutics,

Inc.

b

444,046

30,205

Dentsply

Sirona,

Inc.

819,764

17,186

Dexcom,

Inc.

b

1,165,555

11,470

Editas

Medicine,

Inc.

b

62,053

18,512

Edwards

Lifesciences

Corporation

b

1,167,182

68,530

Elanco

Animal

Health,

Inc.

b

893,631

8,079

Elevance

Health,

Inc.

4,298,270

6,694

Eli

Lilly

&

Company

5,383,783

1,274

Embecta

Corporation

19,964

1,110

Enanta

Pharmaceuticals,

Inc.

b

16,384

29,370

Encompass

Health

Corporation

2,729,648

13,606

Erasca,

Inc.

b

42,859

1,090

Exelixis,

Inc.

b

25,560

13,447

Fate

Therapeutics,

Inc.

b

71,672

34,763

Gilead

Sciences,

Inc.

2,644,074

41,532

Globus

Medical,

Inc.

b

2,988,643

18,321

GoodRx

Holdings,

Inc.

b

165,805

6,053

Guardant

Health,

Inc.

b

212,642

29,316

Haemonetics

Corporation

b

2,639,906

20,979

Halozyme

Therapeutics,

Inc.

b

1,159,300

22,454

HealthEquity,

Inc.

b

1,762,190

3,936

Humana,

Inc.

1,423,297

5,131

ICON

plc

b

1,685,226

3,442

IDEXX

Laboratories,

Inc.

b

1,638,805

1,292

Illumina,

Inc.

b

158,399

21,694

Immunocore

Holdings

plc

ADR

b

861,252

6,276

Inspire

Medical

Systems,

Inc.

b

885,230

380

Integra

LifeSciences

Holdings

Corporation

b

9,428

4,056

Intellia

Therapeutics,

Inc.

b

106,308

3,563

Intuitive

Surgical,

Inc.

b

1,584,145

1,284

IQVIA

Holding,

Inc.

b

316,159

37,085

Johnson

&

Johnson

5,853,867

1,398

Kymera

Therapeutics,

Inc.

b

64,588

13,804

Labcorp

Holdings,

Inc.

2,973,934

12,311

Legend

Biotech

Corporation

ADR

b

694,217

156

Ligand

Pharmaceuticals,

Inc.

b

17,002

2,250

LivaNova

plc

b

111,150

Shares

Common

Stock

(26.1%)

Value

Health

Care

(3.2%)

-

continued

72

Medpace

Holdings,

Inc.

b

$

27,541

32,005

Medtronic

plc

2,570,642

60,464

Merck

&

Company,

Inc.

6,840,292

226

Mettler-Toledo

International,

Inc.

b

343,753

2,488

Molina

Healthcare,

Inc.

b

849,080

5,066

Myriad

Genetics,

Inc.

b

141,696

15,380

Natera,

Inc.

b

1,574,758

3,301

Neurocrine

Biosciences,

Inc.

b

467,323

4,880

Novocure,

Ltd.

b

111,118

14,958

Nuvation

Bio,

Inc.

b

57,289

147,483

Option

Care

Health,

Inc.

b

4,378,770

110,543

Paragon

28,

Inc.

b

861,130

15,376

Penumbra,

Inc.

b

2,569,176

24,612

Pfizer,

Inc.

751,650

2,367

Prestige

Consumer

Healthcare,

Inc.

b

167,607

8,303

Prime

Medicine,

Inc.

a,b

46,580

20,334

Progyny,

Inc.

b

573,419

6,358

Prothena

Corporation

plc

b

148,014

1,819

QIAGEN

NV

80,927

868

Quest

Diagnostics,

Inc.

123,516

7,220

RAPT

Therapeutics,

Inc.

b

22,671

8,300

Recursion

Pharmaceuticals,

Inc.

a,b

68,060

16,047

Relay

Therapeutics,

Inc.

b

131,906

31,733

Repligen

Corporation

b

5,310,518

10,046

Rocket

Pharmaceuticals,

Inc.

b

243,113

32,968

Royalty

Pharma

plc

928,709

4,780

Sage

Therapeutics,

Inc.

b

52,341

3,974

Sagimet

Biosciences,

Inc.

a,b

13,353

26,506

Sanofi

SA

ADR

1,373,276

10,248

Sarepta

Therapeutics,

Inc.

b

1,457,676

113,340

scPharmaceuticals,

Inc.

b

570,100

116,715

Stevanato

Group

SPA

2,413,666

6,973

Stryker

Corporation

2,283,309

2,326

Teleflex,

Inc.

513,860

1,091

Tenet

Healthcare

Corporation

b

163,323

5,895

Thermo

Fisher

Scientific,

Inc.

3,615,639

37,816

Twist

Bioscience

Corporation

b

2,110,511

3,037

UnitedHealth

Group,

Inc.

1,749,798

9,491

Veeva

Systems,

Inc.

b

1,821,608

40,495

Vericel

Corporation

b

2,045,807

7,473

Vertex

Pharmaceuticals,

Inc.

b

3,704,516

67,438

Viemed

Healthcare,

Inc.

b

486,228

1,457

West

Pharmaceutical

Services,

Inc.

446,090

5,762

Xenon

Pharmaceuticals,

Inc.

b

248,515

3,690

Zentalis

Pharmaceuticals,

Inc.

b

14,354

23,779

Zimmer

Biomet

Holdings,

Inc.

2,647,792

14,744

Zoetis,

Inc.

2,654,510

Total

148,775,932

Industrials

(4.0%)

8,083

A.O.

Smith

Corporation

687,378

15,577

AAR

Corporation

b

1,006,274

6,587

ABM

Industries,

Inc.

365,974

737

Acuity

Brands,

Inc.

185,245

21,984

Advanced

Drainage

Systems,

Inc.

3,892,047

32,935

AECOM

2,984,240

37,826

Air

Lease

Corporation

1,876,926

11,904

Alight,

Inc.

b

90,113

4,635

Allison

Transmission

Holdings,

Inc.

410,615

17,044

AMETEK,

Inc.

2,956,793

2,841

Applied

Industrial

Technologies,

Inc.

619,878

4,559

Arcosa,

Inc.

423,577

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

173

Shares

Common

Stock

(26.1%)

Value

Industrials

(4.0%)

-

continued

12,245

Armstrong

World

Industries,

Inc.

$

1,608,993

24,141

Atmus

Filtration

Technologies,

Inc.

b

744,508

12,109

Automatic

Data

Processing,

Inc.

3,180,066

2,191

Axon

Enterprise,

Inc.

b

657,322

29,311

AZEK

Company,

Inc.

b

1,315,771

2,436

AZZ,

Inc.

194,783

121,097

Badger

Infrastructure

Solutions,

Ltd.

3,420,695

17,592

Beacon

Roofing

Supply,

Inc.

b

1,808,458

17,427

Brady

Corporation

1,247,947

39,308

BWX

Technologies,

Inc.

3,910,753

2,265

Carlisle

Companies,

Inc.

948,084

20,261

Casella

Waste

Systems,

Inc.

b

2,098,229

6,947

Caterpillar,

Inc.

2,405,051

29,095

CECO

Environmental

Corporation

b

849,574

5,780

Clean

Harbors,

Inc.

b

1,379,859

210,759

CNH

Industrial

NV

2,244,583

2,708

CSW

Industrials,

Inc.

878,529

185,873

CSX

Corporation

6,524,142

1,869

Cummins,

Inc.

545,374

864

Curtiss-Wright

Corporation

254,621

21,354

Dayforce,

Inc.

a,b

1,265,865

48,367

Delta

Air

Lines,

Inc.

2,080,748

5,832

DNOW,

Inc.

b

89,580

11,647

Donaldson

Company,

Inc.

871,429

28

Dover

Corporation

5,159

5,637

EMCOR

Group,

Inc.

2,116,355

244

ESCO

Technologies,

Inc.

30,002

161,701

ExlService

Holdings,

Inc.

b

5,701,577

6,225

Expeditors

International

of

Washington,

Inc.

777,004

93,340

Fastenal

Company

6,603,805

18,784

Ferguson

Enterprises,

Inc.

4,182,258

109,596

Flowserve

Corporation

5,540,078

60,298

Fluor

Corporation

b

2,900,334

9,275

Gates

Industrial

Corporation

plc

b

172,422

9,395

General

Dynamics

Corporation

2,806,380

2,254

Gibraltar

Industries,

Inc.

b

167,405

8,894

Graco,

Inc.

756,435

1,692

Griffon

Corporation

121,926

54,455

Helios

Technologies,

Inc.

2,502,207

1,087

Herc

Holdings,

Inc.

169,398

13,332

Honeywell

International,

Inc.

2,729,727

93,406

Howmet

Aerospace,

Inc.

8,938,954

1,459

Huntington

Ingalls

Industries,

Inc.

408,491

7,872

IDEX

Corporation

1,641,155

18,537

Ingersoll

Rand,

Inc.

1,861,115

4,620

Interface,

Inc.

79,834

7,861

ITT

Corporation

1,112,017

13,528

Jacobs

Solutions,

Inc.

1,979,823

210,967

Janus

International

Group,

Inc.

b

3,042,144

12,392

JB

Hunt

Transport

Services,

Inc.

2,145,675

6,175

Kirby

Corporation

b

758,784

25,167

Knight-Swift

Transportation

Holdings,

Inc.

1,369,840

30,971

Korn

Ferry

2,283,182

9,217

Kratos

Defense

&

Security

Solutions,

Inc.

b

207,751

10,855

L3Harris

Technologies,

Inc.

2,462,891

11,314

Landstar

System,

Inc.

2,152,488

9,329

Leidos

Holdings,

Inc.

1,347,108

3,691

Lincoln

Electric

Holdings,

Inc.

758,168

4,429

Masco

Corporation

344,798

138,518

Masterbrand,

Inc.

b

2,500,250

2,403

Matson,

Inc.

318,902

Shares

Common

Stock

(26.1%)

Value

Industrials

(4.0%)

-

continued

15,333

Maximus,

Inc.

$

1,424,282

10,543

Miller

Industries,

Inc.

716,291

6,114

Moog,

Inc.

1,198,955

29,547

Mueller

Water

Products,

Inc.

611,032

2,624

Northrop

Grumman

Corporation

1,270,856

29,660

nVent

Electric

plc

2,154,206

13,010

Old

Dominion

Freight

Line,

Inc.

2,734,442

11,141

Oshkosh

Corporation

1,210,470

1,612

Otis

Worldwide

Corporation

152,334

20,004

Owens

Corning,

Inc.

3,728,346

1,795

PACCAR,

Inc.

177,095

3,401

Parker-Hannifin

Corporation

1,908,505

27,676

Pentair

plc

2,431,890

4,110

Quanta

Services,

Inc.

1,090,712

10,434

Regal

Rexnord

Corporation

1,676,535

834

Republic

Services,

Inc.

162,063

4,739

Resideo

Technologies,

Inc.

b

107,670

19,722

Robert

Half,

Inc.

1,265,955

7,367

Rockwell

Automation,

Inc.

2,052,815

3,398

Rush

Enterprises,

Inc.

173,332

6,178

Saia,

Inc.

b

2,581,477

70,910

Schneider

National,

Inc.

1,908,188

1,555

Sensata

Technologies

Holding

plc

60,629

13,094

Simpson

Manufacturing

Company,

Inc.

2,515,226

8,616

SkyWest,

Inc.

b

688,763

6,019

SS&C

Technologies

Holdings,

Inc.

439,086

13,374

Tennant

Company

1,440,246

5,749

Terex

Corporation

363,682

39,460

Timken

Company

3,431,047

12,199

Trane

Technologies

plc

4,077,882

367

TransDigm

Group,

Inc.

474,979

19,203

TransUnion

1,733,263

23,665

Uber

Technologies,

Inc.

b

1,525,683

141

UniFirst

Corporation/MA

27,430

1,629

Union

Pacific

Corporation

401,923

25,248

United

Parcel

Service,

Inc.

3,291,582

2,889

United

Rentals,

Inc.

2,187,262

8,786

Upwork,

Inc.

b

106,486

9,131

Verra

Mobility

Corporation

b

275,117

482

Viad

Corporation

b

16,027

827

Wabtec

Corporation

133,271

7,340

Waste

Connections,

Inc.

1,304,832

1,063

Waste

Management,

Inc.

215,428

3,219

Watsco,

Inc.

1,575,668

48,717

WNS

Holdings,

Ltd.

b

2,902,559

Total

188,945,388

Information

Technology

(5.6%)

5,653

Adobe,

Inc.

b

3,118,477

14,372

Advanced

Micro

Devices,

Inc.

b

2,076,467

18,499

Agilysys,

Inc.

b

2,073,553

4,189

Ambarella,

Inc.

b

220,509

70,911

Amphenol

Corporation

4,556,741

133,676

Apple,

Inc.

29,686,766

16,982

Applied

Materials,

Inc.

3,603,580

15,441

AppLovin

Corporation

b

1,190,501

6,953

Arista

Networks,

Inc.

b

2,409,562

25,266

ASGN,

Inc.

b

2,391,932

729

Atlassian

Corporation

b

128,720

20,364

Autodesk,

Inc.

b

5,040,497

42,599

Broadcom,

Inc.

6,844,807

6,821

CCC

Intelligent

Solutions

Holdings,

Inc.

b

69,983

6,770

CDW

Corporation

1,476,605

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

174

Shares

Common

Stock

(26.1%)

Value

Information

Technology

(5.6%)

-

continued

29,685

Ciena

Corporation

b

$

1,565,587

116,496

Cisco

Systems,

Inc.

5,644,231

8,645

Clearwater

Analytics

Holdings,

Inc.

b

169,010

4,971

Coherent

Corporation

b

346,379

25,170

Cohu,

Inc.

b

805,188

4,868

CommScope

Holding

Company,

Inc.

b

12,608

3,339

CommVault

Systems,

Inc.

b

510,366

1,195

Consensus

Cloud

Solutions,

Inc.

b

25,453

11,075

Crane

NXT

Company

696,396

5,787

Credo

Technology

Group

Holding,

Ltd.

b

160,589

10,323

CyberArk

Software,

Ltd.

b

2,646,611

8,083

Datadog,

Inc.

b

941,185

25,376

Descartes

Systems

Group,

Inc.

b

2,579,470

18,119

DocuSign,

Inc.

b

1,005,242

569

Dolby

Laboratories,

Inc.

44,814

23,936

Dynatrace

Holdings,

LLC

b

1,051,269

665

Elastic

NV

b

72,931

10,750

Enphase

Energy,

Inc.

b

1,237,433

4,754

F5,

Inc.

b

968,105

17,699

Fabrinet

b

3,903,691

19,125

Flex,

Ltd.

b

614,869

5,857

FormFactor,

Inc.

b

313,701

15,547

Fortinet,

Inc.

b

902,348

3,504

Gartner,

Inc.

b

1,756,170

5,425

Gilat

Satellite

Networks,

Ltd.

b

24,684

47,190

Gitlab,

Inc.

b

2,417,544

6,477

Globant

SA

b

1,261,137

16,845

GoDaddy,

Inc.

b

2,450,105

49,715

Guidewire

Software,

Inc.

b

7,460,730

2,291

Hewlett

Packard

Enterprise

Company

45,614

3,226

HubSpot,

Inc.

b

1,603,419

2,984

Insight

Enterprises,

Inc.

b

669,908

26,520

International

Business

Machines

Corporation

5,095,553

2,053

IPG

Photonics

Corporation

b

165,061

3,306

Itron,

Inc.

b

341,973

105,641

JFrog,

Ltd.

b

4,073,517

2,720

Keysight

Technologies,

Inc.

b

379,630

2,970

KLA

Corporation

2,444,518

6,317

Kyndryl

Holdings,

Inc.

b

169,738

2,843

Lam

Research

Corporation

2,619,085

73,423

Lattice

Semiconductor

Corporation

b

3,891,419

12,292

Littelfuse,

Inc.

3,283,316

20,872

Marvell

Technology,

Inc.

1,398,007

74,958

Microsoft

Corporation

31,358,679

3,974

MKS

Instruments,

Inc.

500,327

9,277

MongoDB,

Inc.

b

2,341,144

2,943

Monolithic

Power

Systems,

Inc.

2,540,074

7,242

Motorola

Solutions,

Inc.

2,888,979

2,915

nCino,

Inc.

b

95,495

8,360

NetApp,

Inc.

1,061,553

7,219

Nova,

Ltd.,

Class

S

b

1,490,507

227,269

NVIDIA

Corporation

26,595,018

1,702

Okta,

Inc.

b

159,886

8,248

ON

Semiconductor

Corporation

b

645,406

15,969

Onto

Innovation,

Inc.

b

3,054,870

394

OSI

Systems,

Inc.

b

58,304

4,844

Palo

Alto

Networks,

Inc.

b

1,572,992

36,907

PDF

Solutions,

Inc.

b

1,295,067

13,214

Plexus

Corporation

b

1,693,638

946

Procore

Technologies,

Inc.

b

67,194

Shares

Common

Stock

(26.1%)

Value

Information

Technology

(5.6%)

-

continued

10,985

PTC,

Inc.

b

$

1,953,682

8,795

Q2

Holdings,

Inc.

b

593,399

7,369

Qorvo,

Inc.

b

882,806

43,374

QUALCOMM,

Inc.

7,848,525

16,082

Salesforce,

Inc.

4,162,022

72,944

Samsung

Electronics

Company,

Ltd.

4,497,893

6,167

ServiceNow,

Inc.

b

5,022,343

13,407

Silicon

Laboratories,

Inc.

b

1,610,583

13,891

SolarWinds

Corporation

165,720

2,845

Synopsys,

Inc.

b

1,588,420

13,451

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

ADR

2,230,176

4,071

TD

SYNNEX

Corporation

485,141

2,449

TE

Connectivity,

Ltd.

377,954

346

Teledyne

Technologies,

Inc.

b

145,964

3,279

Tenable

Holdings,

Inc.

b

150,572

78,768

Trimble,

Inc.

b

4,296,007

154,150

TTM

Technologies,

Inc.

b

2,987,427

3,295

Tyler

Technologies,

Inc.

b

1,871,922

10,973

Unisys

Corporation

b

52,231

4,243

Unity

Software,

Inc.

b

69,415

2,532

Universal

Display

Corporation

563,674

76,280

Varonis

Systems,

Inc.

b

4,205,316

7,820

VeriSign,

Inc.

b

1,462,418

3,740

Viavi

Solutions,

Inc.

b

30,070

20,174

Vontier

Corporation

791,426

23,835

Workiva,

Inc.

b

1,758,308

2,417

Xerox

Holdings

Corporation

26,019

Total

259,905,870

Materials

(1.0%)

5,192

Albemarle

Corporation

486,335

20,528

Alcoa

Corporation

678,245

1,468

AptarGroup,

Inc.

215,767

251

Avery

Dennison

Corporation

54,424

9,519

Avient

Corporation

430,640

33,889

Axalta

Coating

Systems,

Ltd.

b

1,208,143

9,355

Ball

Corporation

597,130

1,575

Berry

Plastics

Group,

Inc.

103,509

5,238

Celanese

Corporation

739,344

31,777

CF

Industries

Holdings,

Inc.

2,427,445

25,858

Chemours

Company

624,988

23,015

Corteva,

Inc.

1,291,141

3,054

DuPont

de

Nemours,

Inc.

255,620

4,273

Eagle

Materials,

Inc.

1,163,538

35,638

Eastman

Chemical

Company

3,682,475

18,940

Ecolab,

Inc.

4,369,269

24,693

Element

Solutions,

Inc.

665,476

10,904

Greif,

Inc.

727,079

3,507

Huntsman

Corporation

83,922

29,533

Ingevity

Corporation

b

1,355,269

5,006

Innospec,

Inc.

656,487

250

International

Flavors

&

Fragrances,

Inc.

24,870

73,984

Ivanhoe

Mines,

Ltd.

b

967,234

5,005

Kaiser

Aluminum

Corporation

393,843

9,801

Knife

River

Corporation

b

779,375

2,149

Koppers

Holdings,

Inc.

87,486

7,794

Linde

plc

3,534,579

10,796

Louisiana-Pacific

Corporation

1,059,735

349

LyondellBasell

Industries

NV

34,712

3,051

Martin

Marietta

Materials,

Inc.

1,810,311

5,188

Minerals

Technologies,

Inc.

406,635

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

175

Shares

Common

Stock

(26.1%)

Value

Materials

(1.0%)

-

continued

21,527

Mosaic

Company

$

640,859

21,035

Nucor

Corporation

3,427,443

9,730

O-I

Glass,

Inc.

b

129,993

5,445

Orion

SA

134,056

51

Packaging

Corporation

of

America

10,193

944

PPG

Industries,

Inc.

119,869

5,571

Radius

Recycling,

Inc.

100,946

105,840

Ranpak

Holdings

Corporation

b

764,165

9,442

RPM

International,

Inc.

1,146,825

4,355

Sealed

Air

Corporation

165,708

1,602

Sensient

Technologies

Corporation

125,036

13,427

Steel

Dynamics,

Inc.

1,788,745

37,443

Summit

Materials,

Inc.

b

1,564,369

6,802

SunCoke

Energy,

Inc.

79,583

21,819

Trinseo

plc

63,057

116,844

Tronox

Holdings

plc

1,888,199

12,459

United

States

Lime

&

Minerals,

Inc.

1,059,638

13,512

United

States

Steel

Corporation

555,208

1,885

Vulcan

Materials

Company

517,451

11,790

West

Fraser

Timber

Company,

Ltd.

1,045,655

Total

46,242,024

Real

Estate

(1.1%)

7,189

Acadia

Realty

Trust

155,570

57,291

Agree

Realty

Corporation

3,951,360

8,040

Alexandria

Real

Estate

Equities,

Inc.

943,012

14,945

AvalonBay

Communities,

Inc.

3,062,529

5,483

Brixmor

Property

Group,

Inc.

139,652

26,186

CBRE

Group,

Inc.

b

2,951,424

62,011

Compass,

Inc.

b

272,228

19,587

CoStar

Group,

Inc.

b

1,528,178

21,915

Crown

Castle,

Inc.

2,412,403

135,881

Cushman

and

Wakefield

plc

b

1,781,400

3,483

DiamondRock

Hospitality

Company

28,665

34,480

Douglas

Elliman,

Inc.

b

71,029

14,011

EastGroup

Properties,

Inc.

2,619,917

23,597

EPR

Properties

1,061,865

1,350

Equinix,

Inc.

1,066,824

78,765

Equity

Commonwealth

b

1,604,443

177,323

Essential

Properties

Realty

Trust,

Inc.

5,246,988

838

Essex

Property

Trust,

Inc.

233,266

3,645

Extra

Space

Storage,

Inc.

581,815

8,779

First

Industrial

Realty

Trust,

Inc.

480,387

29,861

Four

Corners

Property

Trust,

Inc.

810,428

16,177

Getty

Realty

Corporation

479,163

107,081

Healthcare

Realty

Trust,

Inc.

1,894,263

4,544

Howard

Hughes

Holdings,

Inc.

b

337,028

7,047

Independence

Realty

Trust,

Inc.

131,427

12,601

Industrial

Logistics

Properties

Trust

64,769

16,853

Invitation

Homes,

Inc.

594,405

42,805

LXP

Industrial

Trust

440,891

13,020

Medical

Properties

Trust,

Inc.

62,626

77,528

National

Storage

Affiliates

Trust

3,300,367

32,067

NetSTREIT

Corporation

528,143

21,377

Pebblebrook

Hotel

Trust

292,651

47,052

Phillips

Edison

and

Company,

Inc.

1,651,525

7,322

Plymouth

Industrial

REIT,

Inc.

175,142

2,738

RE/MAX

Holdings,

Inc.

26,422

12,968

Retail

Opportunity

Investments

Corporation

193,872

1,984

RMR

Group,

Inc.

51,465

11,013

SBA

Communications

Corporation

2,417,794

Shares

Common

Stock

(26.1%)

Value

Real

Estate

(1.1%)

-

continued

59,381

STAG

Industrial,

Inc.

$

2,423,339

3,540

Sun

Communities,

Inc.

448,624

29,326

Tanger,

Inc.

847,521

61,587

Terreno

Realty

Corporation

4,213,167

29,588

UDR,

Inc.

1,185,591

9,940

Zillow

Group,

Inc.,

Class

A

b

471,156

2,094

Zillow

Group,

Inc.,

Class

C

b

101,978

Total

53,336,712

Utilities

(0.7%)

18,652

Alliant

Energy

Corporation

1,038,170

9,624

American

Water

Works

Company,

Inc.

1,370,073

32,288

CenterPoint

Energy,

Inc.

895,992

31,004

Clearway

Energy,

Inc.,

Class

A

763,629

24,911

Clearway

Energy,

Inc.,

Class

C

664,625

10,706

Constellation

Energy

Corporation

2,031,999

26,509

Duke

Energy

Corporation

2,896,638

22,963

Entergy

Corporation

2,663,019

71,408

Evergy,

Inc.

4,141,664

5,691

Eversource

Energy

369,403

17,379

Hawaiian

Electric

Industries,

Inc.

287,796

31,653

NextEra

Energy

Partners,

LP

a

808,734

35,524

NiSource,

Inc.

1,110,125

6,945

Northwestern

Energy

Group,

Inc.

373,433

19,415

PNM

Resources,

Inc.

807,276

32,710

Portland

General

Electric

Company

1,549,800

31,856

Public

Service

Enterprise

Group,

Inc.

2,541,153

9,544

Spire,

Inc.

635,535

93,360

UGI

Corporation

2,313,461

16,735

Vistra

Energy

Corporation

1,325,747

72,108

Xcel

Energy,

Inc.

4,202,454

Total

32,790,726

Total

Common

Stock

(cost

$961,849,851)

1,220,499,967

Principal

Amount

Long-Term

Fixed

Income

(

8.9%

)

Value

Asset-Backed

Securities

(0.2%)

510

Asset

Backed

Trust

$

528,477

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

c,d

525,188

720

East

CLO,

Ltd.

550,000

8.532%, 

(TSFR3M

+

3.250%),

1/20/2036,

Ser.

2022-1A,

Class

B

c,e

554,032

175,000

9.532%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

c,e

176,300

Access

Group,

Inc.

19,035

5.962%, 

(SOFR30A

+

0.614%),

2/25/2036,

Ser.

2013-1,

Class

A

c,e

18,915

AMSR

Trust

500,000

2.352%, 

6/17/2038,

Ser.

2021-SFR1,

Class

C

c

447,941

350,000

2.517%, 

12/17/2038,

Ser.

2021-SFR4,

Class

C

c

323,981

Ares

XL

CLO,

Ltd.

525,000

8.363%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

c,e

525,113

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

176

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Asset-Backed

Securities

(0.2%)

-

continued

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

$

137,000

5.360%, 

6/20/2030,

Ser.

2024-1A,

Class

A

c

$

139,071

CarVal

CLO

I,

Ltd.

400,000

7.136%, 

(TSFR3M

+

1.850%),

7/16/2031,

Ser.

2018-1A,

Class

BR

c,e

401,218

CMFT

Net

Lease

Master

Issuer,

LLC

335,197

2.090%, 

7/20/2051,

Ser.

2021-1,

Class

A1

c

293,029

Commonbond

Student

Loan

Trust

15,798

5.964%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

c,e

15,528

Dryden

36

Senior

Loan

Fund

450,000

7.613%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

c,e

450,636

Foundation

Finance

Trust

166,257

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

c

152,846

FRTKL

Trust

625,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

c

576,391

GSAA

Home

Equity

Trust

959,251

4.349%, 

8/25/2034,

Ser.

2004-10,

Class

M2

e

879,493

Home

Partners

of

America

Trust

624,658

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

c

581,845

478,759

2.078%, 

9/17/2041,

Ser.

2021-1,

Class

C

c

408,602

Hotwire

Funding,

LLC

475,000

5.893%, 

6/20/2054,

Ser.

2024-1A,

Class

A2

c

488,903

Laurel

Road

Prime

Student

Loan

Trust

111,032

5.930%, 

11/25/2043,

Ser.

2018-D,

Class

A

c,e

105,081

National

Collegiate

Trust

105,755

5.759%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

c,e

103,129

Sunnova

Hestia

II

Issuer,

LLC

342,994

5.630%, 

7/20/2051,

Ser.

2024-GRID1,

Class

1A

c,f

348,085

Unlock

HEA

Trust

345,417

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

c

345,012

VCAT

Asset

Securitization,

LLC

258,158

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

c,d

254,541

Vericrest

Opportunity

Loan

Transferee

152,873

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

c,d

152,401

255,197

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

c,d

241,798

110,363

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

c,d

110,544

250,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

c,d

226,959

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Asset-Backed

Securities

(0.2%)

-

continued

Wind

River

CLO,

Ltd.

$

325,000

7.544%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

c,e

$

325,222

Total

9,171,804

Basic

Materials

(0.1%)

Alliance

Resource

Operating

Partners,

LP/Alliance

Resource

Finance

Corporation

30,000

8.625%, 

6/15/2029

c

31,540

ATI,

Inc.

66,000

7.250%, 

8/15/2030

69,004

Cascades,

Inc./Cascades

USA,

Inc.

120,000

5.125%, 

1/15/2026

c

118,486

Chemours

Company

154,000

5.750%, 

11/15/2028

c

144,067

Cleveland-Cliffs,

Inc.

40,000

5.875%, 

6/1/2027

39,947

40,000

4.625%, 

3/1/2029

a,c

37,900

36,000

4.875%, 

3/1/2031

c

32,857

36,000

6.250%, 

10/1/2040

31,138

Consolidated

Energy

Finance

SA

208,000

5.625%, 

10/15/2028

c

166,239

Eastman

Chemical

Company

124,000

5.000%, 

8/1/2029

124,366

First

Quantum

Minerals,

Ltd.

44,000

6.875%, 

10/15/2027

c

43,264

FMC

Corporation

134,000

5.150%, 

5/18/2026

134,162

FMG

Resources

August

2006,

Pty.

Ltd.

36,000

5.875%, 

4/15/2030

c

35,476

Glencore

Funding,

LLC

133,000

3.375%, 

9/23/2051

c

87,970

189,000

4.000%, 

3/27/2027

c

184,721

133,000

6.125%, 

10/6/2028

c

138,283

Hecla

Mining

Company

60,000

7.250%, 

2/15/2028

60,499

Hudbay

Minerals,

Inc.

61,000

4.500%, 

4/1/2026

c

59,653

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

42,000

9.000%, 

7/1/2028

c

42,138

INEOS

Finance

plc

109,000

7.500%, 

4/15/2029

c

110,954

International

Flavors

&

Fragrances,

Inc.

158,000

1.230%, 

10/1/2025

c

150,862

Mercer

International,

Inc.

42,000

5.125%, 

2/1/2029

a

35,597

Methanex

Corporation

55,000

4.250%, 

12/1/2024

54,557

53,000

5.125%, 

10/15/2027

51,605

36,000

5.250%, 

12/15/2029

a

35,035

Mineral

Resources,

Ltd.

56,000

9.250%, 

10/1/2028

c

59,554

Mosaic

Company

129,000

5.375%, 

11/15/2028

131,470

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

50,000

5.350%, 

3/15/2034

c

51,181

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

177

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Basic

Materials

(0.1%)

-

continued

Novelis

Corporation

$

16,000

3.250%, 

11/15/2026

c

$

15,222

38,000

4.750%, 

1/30/2030

c

35,905

55,000

3.875%, 

8/15/2031

c

48,317

OCI

NV

64,000

4.625%, 

10/15/2025

c

63,401

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

73,000

5.375%, 

11/1/2026

c

71,326

Smurfit

Kappa

Treasury,

ULC

142,000

5.777%, 

4/3/2054

c

144,822

SNF

Group

SACA

89,000

3.375%, 

3/15/2030

c

76,578

SunCoke

Energy,

Inc.

86,000

4.875%, 

6/30/2029

c

78,651

Taseko

Mines,

Ltd.

73,000

8.250%, 

5/1/2030

c

74,851

Tronox,

Inc.

36,000

4.625%, 

3/15/2029

a,c

32,789

United

States

Steel

Corporation

48,000

6.875%, 

3/1/2029

48,293

Total

2,952,680

Capital

Goods

(0.1%)

Advanced

Drainage

Systems,

Inc.

75,000

6.375%, 

6/15/2030

c

75,502

AECOM

72,000

5.125%, 

3/15/2027

71,136

Amsted

Industries,

Inc.

81,000

5.625%, 

7/1/2027

c

79,697

10,000

4.625%, 

5/15/2030

c

9,214

BAE

Systems

plc

200,000

5.250%, 

3/26/2031

c

203,662

Boeing

Company

290,000

5.930%, 

5/1/2060

266,724

157,000

5.040%, 

5/1/2027

155,906

90,000

6.259%, 

5/1/2027

c

91,965

107,000

6.388%, 

5/1/2031

c

111,715

318,000

5.705%, 

5/1/2040

303,105

Bombardier,

Inc.

12,000

7.875%, 

4/15/2027

c

12,018

75,000

6.000%, 

2/15/2028

c

74,785

64,000

7.250%, 

7/1/2031

c

65,885

103,000

7.000%, 

6/1/2032

a,c

105,314

Brand

Industrial

Services,

Inc.

82,000

10.375%, 

8/1/2030

c

90,046

Builders

FirstSource,

Inc.

85,000

5.000%, 

3/1/2030

c

81,326

Camelot

Return

Merger

Sub,

Inc.

54,000

8.750%, 

8/1/2028

c

53,688

Canpack

SA/Canpack

US,

LLC

147,000

3.875%, 

11/15/2029

c

131,913

Carrier

Global

Corporation

125,000

2.700%, 

2/15/2031

110,314

Caterpillar

Financial

Services

Corporation

168,000

5.000%, 

5/14/2027

170,343

Chart

Industries,

Inc.

98,000

7.500%, 

1/1/2030

c

101,950

Clean

Harbors,

Inc.

72,000

6.375%, 

2/1/2031

c

72,815

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Capital

Goods

(0.1%)

-

continued

Clydesdale

Acquisition

Holdings,

Inc.

$

13,000

6.625%, 

4/15/2029

c

$

12,952

70,000

6.875%, 

1/15/2030

c,g

69,736

Cornerstone

Building

Brands,

Inc.

19,000

9.500%, 

8/15/2029

c

19,024

Crown

Cork

&

Seal

Company,

Inc.

84,000

7.375%, 

12/15/2026

87,531

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

114,000

6.625%, 

12/15/2030

c

116,140

EquipmentShare.com,

Inc.

38,000

8.625%, 

5/15/2032

c

39,454

ESAB

Corporation

68,000

6.250%, 

4/15/2029

c

68,961

GFL

Environmental,

Inc.

63,000

4.000%, 

8/1/2028

c

59,219

145,000

3.500%, 

9/1/2028

c

134,791

H&E

Equipment

Services,

Inc.

158,000

3.875%, 

12/15/2028

c

144,371

Herc

Holdings,

Inc.

24,000

5.500%, 

7/15/2027

c

23,802

59,000

6.625%, 

6/15/2029

c

60,240

Honeywell

International,

Inc.

229,000

4.700%, 

2/1/2030

230,504

Howmet

Aerospace,

Inc.

199,000

5.950%, 

2/1/2037

209,130

Ingersoll

Rand,

Inc.

161,000

5.176%, 

6/15/2029

163,937

35,000

5.700%, 

8/14/2033

36,694

Lockheed

Martin

Corporation

122,000

5.200%, 

2/15/2064

119,847

46,000

6.150%, 

9/1/2036

51,139

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

22,000

6.750%, 

4/1/2032

c

22,321

MIWD

Holdco

II,

LLC

100,000

5.500%, 

2/1/2030

c

93,410

Mueller

Water

Products,

Inc.

55,000

4.000%, 

6/15/2029

c

51,320

Nesco

Holdings

II,

Inc.

100,000

5.500%, 

4/15/2029

c

93,073

New

Enterprise

Stone

and

Lime

Company,

Inc.

107,000

5.250%, 

7/15/2028

c

102,761

Nordson

Corporation

132,000

5.600%, 

9/15/2028

135,863

Northrop

Grumman

Corporation

320,000

3.850%, 

4/15/2045

257,844

OI

European

Group

BV

79,000

4.750%, 

2/15/2030

c

72,656

Owens-Brockway

Glass

Container,

Inc.

53,000

6.625%, 

5/13/2027

c

53,052

30,000

7.375%, 

6/1/2032

c

29,631

Pactiv

Evergreen

Group

58,000

4.375%, 

10/15/2028

c

54,448

Regal

Rexnord

Corporation

165,000

6.050%, 

2/15/2026

166,282

Resideo

Funding,

Inc.

76,000

6.500%, 

7/15/2032

c

75,996

Reworld

Holding

Corporation

54,000

4.875%, 

12/1/2029

c

49,380

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

178

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Capital

Goods

(0.1%)

-

continued

Roller

Bearing

Company

of

America,

Inc.

$

75,000

4.375%, 

10/15/2029

c

$

70,012

RTX

Corporation

44,000

6.400%, 

3/15/2054

49,436

101,000

4.125%, 

11/16/2028

98,891

225,000

4.450%, 

11/16/2038

205,943

Sealed

Air

Corporation/Sealed

Air

Corporation

(US)

58,000

6.125%, 

2/1/2028

c

58,401

Smyrna

Ready

Mix

Concrete,

LLC

94,000

8.875%, 

11/15/2031

c

101,299

Spirit

AeroSystems,

Inc.

108,000

9.750%, 

11/15/2030

c

120,365

SRM

Escrow

Issuer,

LLC

59,000

6.000%, 

11/1/2028

c

58,446

Standard

Industries,

Inc./NJ

36,000

4.750%, 

1/15/2028

c

34,490

36,000

3.375%, 

1/15/2031

c

30,797

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

27,000

7.250%, 

1/15/2031

c

28,154

Textron,

Inc.

200,000

3.375%, 

3/1/2028

190,667

Trane

Technologies

Financing,

Ltd.

118,000

5.100%, 

6/13/2034

120,067

TransDigm,

Inc.

75,000

5.500%, 

11/15/2027

74,059

114,000

7.125%, 

12/1/2031

c

118,319

101,000

6.625%, 

3/1/2032

c

103,306

Trivium

Packaging

Finance

54,000

5.500%, 

8/15/2026

c

52,891

United

Rentals

North

America,

Inc.

110,000

4.875%, 

1/15/2028

107,582

110,000

4.000%, 

7/15/2030

100,612

Veralto

Corporation

133,000

5.350%, 

9/18/2028

c

135,762

WESCO

Distribution,

Inc.

70,000

7.250%, 

6/15/2028

c

71,732

36,000

6.375%, 

3/15/2029

c

36,466

25,000

6.625%, 

3/15/2032

c

25,467

Total

7,337,696

Collateralized

Mortgage

Obligations

(0.3%)

A&D

Mortgage

Trust

386,960

6.701%, 

4/25/2069,

Ser.

2024-NQM2,

Class

A2

c,d

390,516

Banc

of

America

Alternative

Loan

Trust

11,115

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

9,789

BINOM

Securitization

Trust

237,778

2.370%, 

6/25/2056,

Ser.

2021-INV1,

Class

A2

c,e

209,087

CHL

Mortgage

Pass-Through

Trust

613,837

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

274,754

CHNGE

Mortgage

Trust

350,643

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

c,d

351,382

486,639

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

c,d

485,903

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Collateralized

Mortgage

Obligations

(0.3%)

-

continued

Citicorp

Mortgage

Securities,

Inc.

$

251,498

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

$

227,294

Citigroup

Mortgage

Loan

Trust,

Inc.

1,829

6.524%, 

3/25/2037,

Ser.

2007-AR4,

Class

2A1A

e

1,817

COLT

Mortgage

Loan

Trust

475,548

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

c,e

414,097

Countrywide

Alternative

Loan

Trust

54,190

4.001%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

e

44,125

277,163

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

97,418

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

30,492

4.688%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

e

24,533

Countrywide

Home

Loans,

Inc.

74,807

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

34,850

Credit

Suisse

Mortgage

Trust

237,897

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

c,e

237,280

267,464

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

c,e

230,402

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

31,420

6.000%, 

7/25/2024,

Ser.

2006-AR5,

Class

23A

17,056

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

730,995

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

707,868

80,869

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

h

5,953

267,192

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

h

24,185

660,061

4.500%, 

10/15/2033,

Ser.

2695,

Class

BH

656,470

600,000

2.500%, 

12/15/2048,

Ser.

5094,

Class

BC

481,150

Federal

National

Mortgage

Association

-

REMIC

789,488

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

782,755

711,726

Zero

Coupon, 

11/25/2053,

Ser.

2023-54,

Class

EO

574,960

249,167

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

h

7,176

1,216,299

5.250%, 

7/25/2039,

Ser.

2022-72,

Class

CB

1,213,660

646,584

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

637,455

Flagstar

Mortgage

Trust

280,596

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

c,e

248,045

GCAT

Trust

387,101

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

c,e

346,546

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

179

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Collateralized

Mortgage

Obligations

(0.3%)

-

continued

GS

Mortgage-Backed

Securities

Trust

$

595,654

3.000%, 

6/25/2052,

Ser.

2022-GR1,

Class

A2

c,e

$

505,469

HTAP

345,072

7.000%, 

4/25/2037,

Ser.

2024-1,

Class

A

c,e

341,720

J.P.

Morgan

Mortgage

Trust

531,242

2.500%, 

2/25/2052,

Ser.

2021-INV7,

Class

A2A

c,e

433,443

381,311

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

c,e

317,956

LHOME

Mortgage

Trust

350,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

c,d

356,163

275,000

6.900%, 

5/25/2029,

Ser.

2024-RTL3,

Class

A1

c,d

278,621

Mello

Mortgage

Capital

Acceptance

549,925

2.500%, 

8/25/2051,

Ser.

2021-INV2,

Class

A3

c,e

448,619

Merrill

Lynch

Alternative

Note

Asset

Trust

77,666

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

27,940

New

Residential

Mortgage

Loan

Trust

1,065,302

2.500%, 

9/25/2051,

Ser.

2021-INV2,

Class

A2

c,e

868,414

OBX

Trust

350,000

3.688%, 

1/25/2062,

Ser.

2022-NQM3,

Class

A1B

c,e

313,803

Palisades

Mortgage

Loan

Trust

467,827

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

c

463,332

Preston

Ridge

Partners

Mortgage

Trust,

LLC

325,000

3.500%, 

5/25/2054,

Ser.

2024-RPL2,

Class

A2

c,d

299,571

Residential

Accredit

Loans,

Inc.

Trust

100,939

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

88,363

Residential

Funding

Mortgage

Security

I

Trust

17,926

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

14,012

ROC

Securities

Trust

Series

355,616

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

c,e

354,688

Saluda

Grade

Alternative

Mortgage

Trust

525,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

c,d

531,496

450,000

7.439%, 

7/25/2030,

Ser.

2024-RTL6,

Class

A1

c,d

453,390

Sequoia

Mortgage

Trust

84,269

3.914%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

e

57,120

TRK

Trust

372,536

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

c,e

324,282

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Collateralized

Mortgage

Obligations

(0.3%)

-

continued

Vericrest

Opportunity

Loan

Transferee

$

146,894

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

c,d

$

146,718

Verus

Securitization

Trust

202,982

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

c,e

177,960

Total

15,539,606

Commercial

Mortgage-Backed

Securities

(0.2%)

BANK

2022-BNK39

2,733,440

0.421%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

e,h

70,491

BANK5

2024-5YR8

275,000

6.378%, 

8/15/2057,

Ser.

2024-5YR8,

Class

AS

e,g

285,218

BBCMS

Mortgage

Trust

650,000

6.014%, 

7/15/2057,

Ser.

2024-5C27,

Class

A3

678,811

3,984,037

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

e,h

294,181

3,499,889

1.815%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

e,h

276,262

Benchmark

Mortgage

Trust

750,000

6.189%, 

7/15/2057,

Ser.

2024-V8,

Class

A3

787,395

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

975,000

5.180%, 

3/25/2029,

Ser.

K520,

Class

A2

e

1,003,263

1,000,000

3.000%, 

6/25/2032,

Ser.

K147,

Class

A2

e,f

906,623

500,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

e,f

468,717

500,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

f

469,134

300,000

3.710%, 

9/25/2032,

Ser.

K-150,

Class

A2

e,f

284,810

1,800,000

3.800%, 

10/25/2032,

Ser.

K-151,

Class

A2

e,f

1,718,605

Morgan

Stanley

Capital

I

Trust

3,688,697

1.827%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

e,h

308,848

Total

7,552,358

Communications

Services

(0.2%)

AMC

Networks,

Inc.

18,000

10.250%, 

1/15/2029

c

17,787

American

Tower

Corporation

80,000

3.375%, 

10/15/2026

77,336

133,000

5.800%, 

11/15/2028

137,977

171,000

2.900%, 

1/15/2030

154,739

88,000

5.650%, 

3/15/2033

90,749

AT&T,

Inc.

198,000

3.650%, 

6/1/2051

143,620

283,000

3.500%, 

9/15/2053

197,856

134,000

5.400%, 

2/15/2034

136,899

180,000

4.900%, 

8/15/2037

172,480

Bell

Telephone

Company

of

Canada

184,000

5.550%, 

2/15/2054

183,639

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

180

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Communications

Services

(0.2%)

-

continued

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

$

120,000

5.125%, 

5/1/2027

c

$

116,552

60,000

5.000%, 

2/1/2028

c

57,121

131,000

5.375%, 

6/1/2029

c

122,467

6,000

6.375%, 

9/1/2029

c

5,842

125,000

4.750%, 

3/1/2030

c

111,907

147,000

4.500%, 

8/15/2030

c

128,705

52,000

4.250%, 

2/1/2031

c

44,245

110,000

4.750%, 

2/1/2032

c

94,072

86,000

4.250%, 

1/15/2034

c

67,939

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

92,000

6.150%, 

11/10/2026

93,759

198,000

4.200%, 

3/15/2028

190,371

160,000

6.100%, 

6/1/2029

163,559

400,000

3.500%, 

6/1/2041

277,299

Cimpress

plc

42,000

7.000%, 

6/15/2026

42,008

Clear

Channel

Outdoor

Holdings,

Inc.

18,000

7.875%, 

4/1/2030

c

18,319

Clear

Channel

Worldwide

Holdings,

Inc.

150,000

5.125%, 

8/15/2027

c

145,295

Comcast

Corporation

198,000

5.350%, 

5/15/2053

193,814

111,000

5.100%, 

6/1/2029

113,704

180,000

4.400%, 

8/15/2035

170,701

243,000

4.750%, 

3/1/2044

223,302

Deutsche

Telekom

International

Finance

BV

330,000

8.750%, 

6/15/2030

392,100

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

246,000

5.875%, 

8/15/2027

c

236,886

Frontier

Communications

Holdings,

LLC

110,000

5.875%, 

10/15/2027

c

108,918

56,000

8.750%, 

5/15/2030

c

58,667

36,000

8.625%, 

3/15/2031

c

37,706

GCI,

LLC

85,000

4.750%, 

10/15/2028

c

78,905

Gray

Television,

Inc.

81,000

7.000%, 

5/15/2027

a,c

78,401

103,000

10.500%, 

7/15/2029

c

107,481

Iliad

Holding

SASU

59,000

6.500%, 

10/15/2026

c

59,122

96,000

8.500%, 

4/15/2031

c

100,015

Intelsat

Jackson

Holdings

SA

94,000

6.500%, 

3/15/2030

c

89,424

Lamar

Media

Corporation

53,000

3.625%, 

1/15/2031

47,093

LCPR

Senior

Secured

Financing

DAC

137,000

6.750%, 

10/15/2027

c

127,676

Level

3

Financing,

Inc.

35,556

10.500%, 

4/15/2029

a,c

36,445

35,556

11.000%, 

11/15/2029

c

37,641

47,000

10.500%, 

5/15/2030

a,c

48,034

McGraw-Hill

Education,

Inc.

109,000

5.750%, 

8/1/2028

c

104,982

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Communications

Services

(0.2%)

-

continued

Meta

Platforms,

Inc.

$

99,000

5.600%, 

5/15/2053

$

103,213

146,000

3.850%, 

8/15/2032

138,493

Netflix,

Inc.

75,000

5.875%, 

11/15/2028

78,657

169,000

5.375%, 

11/15/2029

c

174,830

180,000

4.875%, 

6/15/2030

c

182,012

News

Corporation

61,000

3.875%, 

5/15/2029

c

56,475

Nexstar

Media,

Inc.

44,000

5.625%, 

7/15/2027

c

42,674

36,000

4.750%, 

11/1/2028

a,c

33,123

Omnicom

Group,

Inc.

135,000

4.200%, 

6/1/2030

130,738

Optics

Bidco

SPA

93,000

6.000%, 

9/30/2034

c

87,885

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

40,000

4.625%, 

3/15/2030

c

36,753

Paramount

Global

31,000

6.375%, 

3/30/2062

e

28,462

Playtika

Holding

Corporation

83,000

4.250%, 

3/15/2029

c

73,746

Rogers

Communications,

Inc.

172,000

5.000%, 

2/15/2029

172,566

221,000

5.300%, 

2/15/2034

221,503

Scripps

Escrow

II,

Inc.

36,000

3.875%, 

1/15/2029

c

23,420

Sinclair

Television

Group,

Inc.

33,000

4.125%, 

12/1/2030

c

22,937

Sirius

XM

Radio,

Inc.

110,000

5.000%, 

8/1/2027

c

106,440

55,000

4.000%, 

7/15/2028

c

50,476

95,000

4.125%, 

7/1/2030

c

82,572

Sprint

Capital

Corporation

334,000

8.750%, 

3/15/2032

406,117

Take-Two

Interactive

Software,

Inc.

123,000

5.600%, 

6/12/2034

125,360

TEGNA,

Inc.

36,000

4.750%, 

3/15/2026

c

35,446

107,000

4.625%, 

3/15/2028

98,166

Telecom

Italia

Capital

SA

6,000

6.000%, 

9/30/2034

5,648

T-Mobile

USA,

Inc.

331,000

3.600%, 

11/15/2060

230,796

200,000

4.850%, 

1/15/2029

200,978

200,000

4.375%, 

4/15/2040

177,338

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

110,000

4.750%, 

4/15/2028

c

94,999

Univision

Communications,

Inc.

15,000

8.000%, 

8/15/2028

c

15,074

112,000

4.500%, 

5/1/2029

c

97,828

54,000

7.375%, 

6/30/2030

c

51,990

Urban

One,

Inc.

22,000

7.375%, 

2/1/2028

c

16,792

Verizon

Communications,

Inc.

198,000

3.000%, 

11/20/2060

a

122,559

425,000

2.650%, 

11/20/2040

300,367

290,000

3.400%, 

3/22/2041

227,350

Viasat,

Inc.

58,000

6.500%, 

7/15/2028

a,c

47,217

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

181

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Communications

Services

(0.2%)

-

continued

Virgin

Media

Finance

plc

$

41,000

5.000%, 

7/15/2030

c

$

34,552

Virgin

Media

Secured

Finance

plc

86,000

5.500%, 

5/15/2029

c

80,096

VMED

O2

UK

Financing

I

plc

44,000

4.750%, 

7/15/2031

c

37,776

38,000

7.750%, 

4/15/2032

c

37,981

Vodafone

Group

plc

54,000

5.125%, 

6/4/2081

e

40,573

148,000

5.750%, 

6/28/2054

146,880

VZ

Secured

Financing

BV

134,000

5.000%, 

1/15/2032

c

117,422

Warnermedia

Holdings,

Inc.

172,000

4.054%, 

3/15/2029

159,358

133,000

5.050%, 

3/15/2042

104,922

Windstream

Escrow,

LLC/

Windstream

Escrow

Finance

Corporation

39,000

7.750%, 

8/15/2028

c

37,620

Zegona

Finance

plc

68,000

8.625%, 

7/15/2029

c

69,368

Ziggo

Bond

Company

BV

40,000

5.125%, 

2/28/2030

a,c

35,322

Ziggo

BV

39,000

4.875%, 

1/15/2030

c

35,505

Total

10,481,934

Consumer

Cyclical

(0.3%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

120,000

4.375%, 

1/15/2028

c

114,107

Adient

Global

Holdings,

Ltd.

58,000

8.250%, 

4/15/2031

a,c

60,980

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

2,000

6.625%, 

7/15/2026

c

2,003

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

130,000

4.625%, 

6/1/2028

c

120,016

Allison

Transmission,

Inc.

54,000

3.750%, 

1/30/2031

c

48,062

Amazon.com,

Inc.

169,000

3.875%, 

8/22/2037

153,189

American

Axle

&

Manufacturing,

Inc.

36,000

6.875%, 

7/1/2028

36,008

102,000

5.000%, 

10/1/2029

a

93,552

American

Honda

Finance

Corporation

204,000

5.050%, 

7/10/2031

206,573

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

19,000

7.000%, 

4/15/2030

a,c

16,114

Arko

Corporation

58,000

5.125%, 

11/15/2029

a,c

50,598

Asbury

Automotive

Group,

Inc.

62,000

5.000%, 

2/15/2032

c

57,135

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

80,000

4.625%, 

8/1/2029

c

73,865

12,000

4.625%, 

4/1/2030

c

10,954

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Cyclical

(0.3%)

-

continued

Aston

Martin

Capital

Holdings,

Ltd.

$

46,000

10.000%, 

3/31/2029

c

$

46,185

Beazer

Homes

USA,

Inc.

61,000

7.500%, 

3/15/2031

c

61,900

Boyd

Gaming

Corporation

85,000

4.750%, 

6/15/2031

c

78,296

Boyne

USA,

Inc.

58,000

4.750%, 

5/15/2029

c

54,928

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

55,000

4.875%, 

2/15/2030

c

50,420

Caesars

Entertainment,

Inc.

236,000

4.625%, 

10/15/2029

a,c

219,259

43,000

6.500%, 

2/15/2032

c

43,567

Carnival

Corporation

22,000

7.625%, 

3/1/2026

c

22,213

202,000

5.750%, 

3/1/2027

c

200,993

93,000

4.000%, 

8/1/2028

c

87,993

73,000

6.000%, 

5/1/2029

a,c

72,823

Cedar

Fair,

LP/Canada's

Wonderland

Company/Magnum

Management

Corporation/

Millennium

Operations,

LLC

18,000

5.375%, 

4/15/2027

17,950

79,000

5.250%, 

7/15/2029

76,933

Choice

Hotels

International,

Inc.

40,000

3.700%, 

12/1/2029

a

36,725

Churchill

Downs,

Inc.

85,000

4.750%, 

1/15/2028

c

82,067

39,000

6.750%, 

5/1/2031

c

39,607

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

98,000

6.750%, 

5/15/2028

c

99,795

Crocs,

Inc.

36,000

4.250%, 

3/15/2029

c

33,210

Cushman

&

Wakefield

US

Borrower,

LLC

18,000

6.750%, 

5/15/2028

c

18,036

D.R.

Horton,

Inc.

69,000

2.600%, 

10/15/2025

67,013

Daimler

Trucks

Finance

North

America,

LLC

249,000

2.000%, 

12/14/2026

c

233,368

Dana,

Inc.

36,000

5.625%, 

6/15/2028

35,084

54,000

4.250%, 

9/1/2030

47,686

53,000

4.500%, 

2/15/2032

46,307

eG

Global

Finance

plc

18,000

12.000%, 

11/30/2028

c

19,274

Expedia

Group,

Inc.

314,000

3.250%, 

2/15/2030

289,151

Ford

Motor

Credit

Company,

LLC

200,000

2.300%, 

2/10/2025

196,278

200,000

5.850%, 

5/17/2027

202,113

200,000

2.900%, 

2/10/2029

179,301

173,000

7.122%, 

11/7/2033

184,743

Forestar

Group,

Inc.

37,000

3.850%, 

5/15/2026

c

35,777

Gap,

Inc.

26,000

3.625%, 

10/1/2029

c

22,726

Garrett

Motion

Holdings,

Inc./

Garrett

LX

I

SARL

71,000

7.750%, 

5/31/2032

c

72,194

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

182

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Cyclical

(0.3%)

-

continued

General

Motors

Company

$

150,000

6.125%, 

10/1/2025

$

151,534

General

Motors

Financial

Company,

Inc.

180,000

1.500%, 

6/10/2026

168,753

68,000

5.400%, 

5/8/2027

68,762

230,000

5.800%, 

1/7/2029

236,543

174,000

5.600%, 

6/18/2031

176,053

GLP

Capital,

LP

298,000

5.750%, 

6/1/2028

301,781

GoDaddy

Operating

Company,

LLC/GD

Finance

Company,

Inc.

36,000

3.500%, 

3/1/2029

c

32,732

Goodyear

Tire

&

Rubber

Company

36,000

4.875%, 

3/15/2027

35,113

50,000

5.000%, 

7/15/2029

a

47,190

Group

1

Automotive,

Inc.

28,000

6.375%, 

1/15/2030

c

28,241

Hanesbrands,

Inc.

41,000

4.875%, 

5/15/2026

c

40,156

40,000

9.000%, 

2/15/2031

a,c

42,335

Harley-Davidson

Financial

Services,

Inc.

151,000

5.950%, 

6/11/2029

c

153,349

Hilton

Domestic

Operating

Company,

Inc.

163,000

4.875%, 

1/15/2030

157,597

18,000

4.000%, 

5/1/2031

c

16,304

104,000

3.625%, 

2/15/2032

c

91,088

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

127,000

5.000%, 

6/1/2029

c

119,452

Home

Depot,

Inc.

215,000

5.400%, 

9/15/2040

219,308

126,000

4.250%, 

4/1/2046

109,254

205,000

3.900%, 

6/15/2047

166,926

Hyundai

Capital

America

134,000

6.250%, 

11/3/2025

c

135,736

300,000

1.800%, 

1/10/2028

c

270,448

172,000

5.300%, 

6/24/2029

c

174,303

International

Game

Technology

plc

90,000

5.250%, 

1/15/2029

c

88,246

Jacobs

Entertainment,

Inc.

53,000

6.750%, 

2/15/2029

c

49,546

Jaguar

Land

Rover

Automotive

plc

43,000

5.500%, 

7/15/2029

c

42,053

KB

Home

120,000

4.800%, 

11/15/2029

114,937

L

Brands,

Inc.

120,000

6.625%, 

10/1/2030

c

121,140

40,000

6.875%, 

11/1/2035

40,527

Las

Vegas

Sands

Corporation

112,000

5.900%, 

6/1/2027

113,779

Light

&

Wonder

International,

Inc.

90,000

7.250%, 

11/15/2029

c

92,611

Live

Nation

Entertainment,

Inc.

39,000

4.750%, 

10/15/2027

a,c

37,815

Lowe's

Companies,

Inc.

132,000

5.625%, 

4/15/2053

130,798

286,000

2.625%, 

4/1/2031

249,759

Macy's

Retail

Holdings,

LLC

73,000

5.875%, 

4/1/2029

a,c

71,300

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Cyclical

(0.3%)

-

continued

$

35,000

6.125%, 

3/15/2032

a,c

$

33,403

42,000

4.500%, 

12/15/2034

35,660

Marriott

International,

Inc./MD

248,000

4.625%, 

6/15/2030

246,010

Mattamy

Group

Corporation

74,000

5.250%, 

12/15/2027

c

72,365

McDonald's

Corporation

225,000

4.450%, 

3/1/2047

193,591

Melco

Resorts

Finance,

Ltd.

98,000

5.375%, 

12/4/2029

c

88,126

90,000

7.625%, 

4/17/2032

c

89,548

Michaels

Companies,

Inc.

53,000

5.250%, 

5/1/2028

c

39,206

NCL

Corporation,

Ltd.

41,000

5.875%, 

3/15/2026

c

40,817

89,000

5.875%, 

2/15/2027

c

88,355

Nissan

Motor

Acceptance

Company,

LLC

204,000

1.125%, 

9/16/2024

c

202,666

Nordstrom,

Inc.

32,000

4.375%, 

4/1/2030

29,094

44,000

4.250%, 

8/1/2031

39,159

PENN

Entertainment,

Inc.

90,000

4.125%, 

7/1/2029

a,c

79,649

PetSmart,

Inc./PetSmart

Finance

Corporation

105,000

4.750%, 

2/15/2028

c

98,651

50,000

7.750%, 

2/15/2029

c

48,529

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

116,000

5.750%, 

4/15/2026

c

115,910

73,000

6.250%, 

1/15/2028

c

72,760

QVC,

Inc.

22,000

4.375%, 

9/1/2028

a

16,830

Rakuten

Group,

Inc.

53,000

11.250%, 

2/15/2027

c

57,264

62,000

9.750%, 

4/15/2029

c

65,637

Royal

Caribbean

Cruises,

Ltd.

176,000

4.250%, 

7/1/2026

c

171,415

69,000

9.250%, 

1/15/2029

c

73,755

33,000

7.250%, 

1/15/2030

c

34,587

28,000

6.000%, 

2/1/2033

c,g

28,183

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

41,000

6.625%, 

3/1/2030

c

40,099

SeaWorld

Parks

and

Entertainment,

Inc.

85,000

5.250%, 

8/15/2029

c

80,967

Service

Corporation

International/

US

36,000

3.375%, 

8/15/2030

31,852

Six

Flags

Entertainment

Corporation

18,000

7.250%, 

5/15/2031

a,c

18,557

Six

Flags

Entertainment

Corporation/Six

Flags

Theme

Parks,

Inc.

18,000

6.625%, 

5/1/2032

c

18,483

Six

Flags

Theme

Parks,

Inc.

16,000

7.000%, 

7/1/2025

c

16,007

Sonic

Automotive,

Inc.

45,000

4.875%, 

11/15/2031

c

40,187

Staples,

Inc.

74,000

10.750%, 

9/1/2029

c

71,681

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

183

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Cyclical

(0.3%)

-

continued

Station

Casinos,

LLC

$

62,000

4.625%, 

12/1/2031

c

$

56,501

Target

Corporation

198,000

2.950%, 

1/15/2052

131,681

Tenneco,

Inc.

116,000

8.000%, 

11/17/2028

c

105,277

Toyota

Motor

Credit

Corporation

63,000

4.800%, 

1/5/2034

62,699

VICI

Properties,

LP/VICI

Note

Company,

Inc.

221,000

4.625%, 

6/15/2025

c

218,802

85,000

5.750%, 

2/1/2027

c

85,595

98,000

4.125%, 

8/15/2030

c

90,881

Victoria's

Secret

&

Company

83,000

4.625%, 

7/15/2029

a,c

68,853

Viking

Cruises,

Ltd.

182,000

5.875%, 

9/15/2027

c

180,908

Volkswagen

Group

of

America

Finance,

LLC

205,000

5.300%, 

3/22/2027

c

207,382

Wabash

National

Corporation

57,000

4.500%, 

10/15/2028

c

51,751

Walgreens

Boots

Alliance,

Inc.

62,000

3.200%, 

4/15/2030

a

51,124

27,000

4.800%, 

11/18/2044

a

20,244

Walmart,

Inc.

173,000

4.500%, 

9/9/2052

158,601

WASH

Multifamily

Acquisition,

Inc.

55,000

5.750%, 

4/15/2026

c

54,126

Wyndham

Hotels

&

Resorts,

Inc.

93,000

4.375%, 

8/15/2028

c

87,749

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

85,000

7.125%, 

2/15/2031

c

88,609

Yum!

Brands,

Inc.

100,000

4.750%, 

1/15/2030

c

96,368

ZF

North

America

Capital,

Inc.

53,000

7.125%, 

4/14/2030

c

55,016

Total

12,363,710

Consumer

Non-Cyclical

(0.3%)

1375209

B.C.,

Ltd.

36,000

9.000%, 

1/30/2028

a,c

34,130

Abbott

Laboratories

219,000

4.750%, 

11/30/2036

218,929

AbbVie,

Inc.

68,000

5.400%, 

3/15/2054

68,888

100,000

4.500%, 

5/14/2035

96,828

153,000

5.350%, 

3/15/2044

155,504

AdaptHealth,

LLC

155,000

4.625%, 

8/1/2029

c

138,359

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

112,000

4.625%, 

1/15/2027

c

109,195

119,000

3.500%, 

3/15/2029

c

108,415

Altria

Group,

Inc.

134,000

6.875%, 

11/1/2033

148,640

Amgen,

Inc.

150,000

4.200%, 

2/22/2052

121,536

198,000

5.600%, 

3/2/2043

199,909

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

$

275,000

4.700%, 

2/1/2036

$

268,702

Anheuser-Busch

InBev

Worldwide,

Inc.

332,000

4.375%, 

4/15/2038

310,420

174,000

5.550%, 

1/23/2049

178,997

Archer-Daniels-Midland

Company

255,000

2.700%, 

9/15/2051

162,283

AstraZeneca

plc

360,000

3.000%, 

5/28/2051

249,126

B&G

Foods,

Inc.

73,000

8.000%, 

9/15/2028

c

74,435

BAT

Capital

Corporation

60,000

5.834%, 

2/20/2031

62,244

142,000

7.079%, 

8/2/2043

155,439

Bausch

+

Lomb

Corporation

20,000

8.375%, 

10/1/2028

c

20,548

Bausch

Health

Companies,

Inc.

56,000

5.500%, 

11/1/2025

a,c

52,450

131,000

4.875%, 

6/1/2028

a,c

100,883

Baxter

International,

Inc.

199,000

3.132%, 

12/1/2051

129,007

Becton,

Dickinson

and

Company

101,000

3.794%, 

5/20/2050

78,179

225,000

3.700%, 

6/6/2027

219,130

BellRing

Brands,

Inc.

55,000

7.000%, 

3/15/2030

c

56,679

Bristol-Myers

Squibb

Company

327,000

3.550%, 

3/15/2042

261,840

Campbell

Soup

Company

132,000

5.400%, 

3/21/2034

134,325

Cargill,

Inc.

196,000

3.125%, 

5/25/2051

c

135,232

Catalent

Pharma

Solutions,

Inc.

44,000

3.125%, 

2/15/2029

c

42,481

Central

Garden

&

Pet

Company

84,000

4.125%, 

10/15/2030

a

75,897

Charles

River

Laboratories

International,

Inc.

42,000

4.000%, 

3/15/2031

c

38,162

Cheplapharm

Arzneimittel

GmbH

10,000

5.500%, 

1/15/2028

c

9,350

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

69,000

4.625%, 

11/15/2028

c

65,842

CHS/Community

Health

Systems,

Inc.

72,000

5.625%, 

3/15/2027

c

68,944

23,000

8.000%, 

12/15/2027

c

23,014

98,000

6.000%, 

1/15/2029

c

90,988

99,000

5.250%, 

5/15/2030

c

86,335

42,000

4.750%, 

2/15/2031

c

34,545

52,000

10.875%, 

1/15/2032

c

55,899

Conagra

Brands,

Inc.

246,000

1.375%, 

11/1/2027

220,437

Concentra

Escrow

Issuer

Corporation

18,000

6.875%, 

7/15/2032

c

18,546

Constellation

Brands,

Inc.

167,000

3.600%, 

2/15/2028

160,525

108,000

2.875%, 

5/1/2030

97,443

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

184

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

$

118,000

4.750%, 

1/15/2029

c

$

112,903

66,000

6.625%, 

7/15/2030

c

67,771

CVS

Health

Corporation

145,000

4.780%, 

3/25/2038

133,189

435,000

6.000%, 

6/1/2044

437,243

Edgewell

Personal

Care

Company

60,000

5.500%, 

6/1/2028

c

58,817

Eli

Lilly

&

Company

98,000

4.950%, 

2/27/2063

93,445

Embecta

Corporation

31,000

6.750%, 

2/15/2030

c

27,641

Encompass

Health

Corporation

135,000

4.500%, 

2/1/2028

130,516

Endo

Finance

Holdings,

Inc.

35,000

8.500%, 

4/15/2031

a,c

36,887

Energizer

Holdings,

Inc.

96,000

4.750%, 

6/15/2028

c

91,062

Fortrea

Holdings,

Inc.

52,000

7.500%, 

7/1/2030

a,c

52,745

GE

HealthCare

Technologies,

Inc.

154,000

6.377%, 

11/22/2052

i

171,451

General

Mills,

Inc.

53,000

4.950%, 

3/29/2033

52,827

HCA,

Inc.

265,000

3.500%, 

9/1/2030

244,482

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

36,000

7.875%, 

9/1/2025

a,c

35,765

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

66,000

4.875%, 

6/1/2029

c

44,880

Imperial

Brands

Finance

plc

275,000

3.875%, 

7/26/2029

c

259,772

Jazz

Securities

DAC

27,000

4.375%, 

1/15/2029

c

25,357

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Company/JBS

Lux

Company

SARL

142,000

5.500%, 

1/15/2030

141,497

243,000

3.000%, 

5/15/2032

202,742

Johnson

&

Johnson

144,000

5.250%, 

6/1/2054

148,671

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

35,000

9.000%, 

2/15/2029

c

35,919

Keurig

Dr

Pepper,

Inc.

273,000

5.200%, 

3/15/2031

278,231

Kimberly-Clark

Corporation

230,000

3.900%, 

5/4/2047

188,688

Kraft

Heinz

Foods

Company

90,000

4.375%, 

6/1/2046

75,601

Legacy

LifePoint

Health,

LLC

40,000

4.375%, 

2/15/2027

c

38,665

LifePoint

Health,

Inc.

70,000

9.875%, 

8/15/2030

c

76,287

41,000

11.000%, 

10/15/2030

c

46,017

Mattel,

Inc.

166,000

5.450%, 

11/1/2041

152,599

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

$

80,000

6.250%, 

4/1/2029

c

$

81,627

Medtronic,

Inc.

200,000

4.375%, 

3/15/2035

193,295

Mozart

Debt

Merger

Sub,

Inc.

74,000

3.875%, 

4/1/2029

c

69,058

63,000

5.250%, 

10/1/2029

c

60,895

MPH

Acquisition

Holdings,

LLC

36,000

5.500%, 

9/1/2028

c

28,103

Newell

Brands,

Inc.

37,000

6.375%, 

9/15/2027

a

36,958

37,000

6.625%, 

9/15/2029

37,121

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

51,000

4.125%, 

4/30/2028

c

47,916

142,000

5.125%, 

4/30/2031

c

130,682

Owens

&

Minor,

Inc.

64,000

6.625%, 

4/1/2030

a,c

59,783

PepsiCo,

Inc.

125,000

4.200%, 

7/18/2052

107,885

Performance

Food

Group,

Inc.

53,000

4.250%, 

8/1/2029

c

49,088

Perrigo

Finance

Unlimited

Company

57,000

4.900%, 

6/15/2030

53,802

Pfizer

Investment

Enterprises,

Private

Ltd.

297,000

5.300%, 

5/19/2053

293,299

132,000

5.110%, 

5/19/2043

128,615

Philip

Morris

International,

Inc.

133,000

5.500%, 

9/7/2030

137,862

67,000

5.125%, 

2/13/2031

67,947

198,000

5.375%, 

2/15/2033

201,951

Post

Holdings,

Inc.

53,000

4.625%, 

4/15/2030

c

49,376

77,000

4.500%, 

9/15/2031

c

70,025

Primo

Water

Holdings,

Inc.

74,000

4.375%, 

4/30/2029

c

68,911

Roche

Holdings,

Inc.

130,000

4.000%, 

11/28/2044

c

112,149

Royalty

Pharma

plc

131,000

5.150%, 

9/2/2029

131,890

Scotts

Miracle-Gro

Company

37,000

4.500%, 

10/15/2029

34,419

Simmons

Foods,

Inc.

142,000

4.625%, 

3/1/2029

c

127,784

Sotera

Health

Holdings,

LLC

38,000

7.375%, 

6/1/2031

c

38,762

Spectrum

Brands,

Inc.

9,000

3.875%, 

3/15/2031

a,c

7,540

Star

Parent,

Inc.

32,000

9.000%, 

10/1/2030

c

34,149

Sysco

Corporation

200,000

6.600%, 

4/1/2040

220,539

Takeda

Pharmaceutical

Company,

Ltd.

200,000

3.175%, 

7/9/2050

135,902

200,000

5.650%, 

7/5/2044

200,622

Tenet

Healthcare

Corporation

220,000

5.125%, 

11/1/2027

216,086

80,000

4.375%, 

1/15/2030

75,046

79,000

6.750%, 

5/15/2031

81,176

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

185

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Teva

Pharmaceutical

Finance

Netherlands

III

BV

$

72,000

3.150%, 

10/1/2026

$

68,184

US

Acute

Care

Solutions,

LLC

36,000

9.750%, 

5/15/2029

c

35,693

Viterra

Finance

BV

167,000

3.200%, 

4/21/2031

c

147,669

Wyeth,

LLC

134,000

6.500%, 

2/1/2034

150,524

Zoetis,

Inc.

288,000

4.700%, 

2/1/2043

262,991

Total

12,655,654

Energy

(0.2%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

70,000

5.375%, 

6/15/2029

c

68,446

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

85,000

6.250%, 

4/1/2028

c

84,795

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

73,000

8.250%, 

12/31/2028

c

74,938

37,000

5.875%, 

6/30/2029

c

36,289

Baytex

Energy

Corporation

65,000

8.500%, 

4/30/2030

c

68,609

32,000

7.375%, 

3/15/2032

c

32,679

Blue

Racer

Midstream,

LLC/Blue

Racer

Finance

Corporation

59,000

7.000%, 

7/15/2029

c

60,610

Borr

IHC,

Ltd./Borr

Finance,

LLC

86,840

10.375%, 

11/15/2030

a,c

91,648

BP

Capital

Markets

America,

Inc.

353,000

2.939%, 

6/4/2051

232,206

Buckeye

Partners,

LP

50,000

4.500%, 

3/1/2028

c

47,692

72,000

6.875%, 

7/1/2029

c

73,146

California

Resources

Corporation

44,000

8.250%, 

6/15/2029

c

45,058

Canadian

Natural

Resources,

Ltd.

94,000

2.950%, 

7/15/2030

84,350

Cheniere

Energy

Partners,

LP

528,000

4.500%, 

10/1/2029

510,980

Cheniere

Energy,

Inc.

37,000

5.650%, 

4/15/2034

c

37,598

Civitas

Resources,

Inc.

58,000

8.375%, 

7/1/2028

c

60,895

24,000

8.625%, 

11/1/2030

c

25,923

89,000

8.750%, 

7/1/2031

c

95,709

CNX

Resources

Corporation

38,000

6.000%, 

1/15/2029

c

37,615

Columbia

Pipelines

Holding

Company,

LLC

140,000

6.042%, 

8/15/2028

c

145,497

Columbia

Pipelines

Operating

Company,

LLC

35,000

5.927%, 

8/15/2030

c

36,524

Comstock

Resources,

Inc.

71,000

6.750%, 

3/1/2029

c

68,604

65,000

5.875%, 

1/15/2030

c

60,461

Continental

Resources,

Inc.

232,000

2.268%, 

11/15/2026

c

218,522

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Energy

(0.2%)

-

continued

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

$

73,000

5.500%, 

6/15/2031

c

$

70,017

Crescent

Energy

Finance,

LLC

44,000

9.250%, 

2/15/2028

c

46,450

109,000

7.625%, 

4/1/2032

c

111,786

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

79,000

8.625%, 

3/15/2029

c

82,072

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

27,000

8.500%, 

10/1/2030

c

28,743

Diamondback

Energy,

Inc.

201,000

5.750%, 

4/18/2054

198,958

DT

Midstream,

Inc.

55,000

4.125%, 

6/15/2029

c

51,414

Enbridge,

Inc.

215,000

5.250%, 

4/5/2027

217,605

Enerflex,

Ltd.

54,000

9.000%, 

10/15/2027

c

55,682

Energy

Transfer,

LP

86,000

8.000%, 

5/15/2054

e

91,555

177,000

4.000%, 

10/1/2027

172,670

90,000

4.900%, 

3/15/2035

86,259

125,000

5.150%, 

2/1/2043

112,631

255,000

6.000%, 

6/15/2048

253,390

Enterprise

Products

Operating,

LLC

200,000

3.300%, 

2/15/2053

138,824

EQM

Midstream

Partners,

LP

181,000

4.750%, 

1/15/2031

c

170,899

Exxon

Mobil

Corporation

300,000

3.452%, 

4/15/2051

223,568

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

59,000

8.875%, 

4/15/2030

62,465

88,000

7.875%, 

5/15/2032

89,860

Halliburton

Company

175,000

4.850%, 

11/15/2035

171,882

133,000

5.000%, 

11/15/2045

123,718

Harvest

Midstream

I,

LP

82,000

7.500%, 

9/1/2028

c

83,915

53,000

7.500%, 

5/15/2032

c

54,530

Hess

Midstream

Operations,

LP

80,000

4.250%, 

2/15/2030

c

74,249

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

140,000

5.750%, 

2/1/2029

c

137,654

36,000

6.000%, 

4/15/2030

c

35,221

39,000

6.250%, 

4/15/2032

c

37,936

Howard

Midstream

Energy

Partners,

LLC

104,000

7.375%, 

7/15/2032

c

107,112

ITT

Holdings,

LLC

70,000

6.500%, 

8/1/2029

c

65,684

Kodiak

Gas

Services,

LLC

44,000

7.250%, 

2/15/2029

c

45,262

Kraken

Oil

&

Gas

Partners,

LLC

48,000

7.625%, 

8/15/2029

c

48,460

Laredo

Petroleum,

Inc.

113,000

7.750%, 

7/31/2029

c

114,275

MEG

Energy

Corporation

86,000

5.875%, 

2/1/2029

c

84,928

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

186

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Energy

(0.2%)

-

continued

MPLX,

LP

$

265,000

4.950%, 

9/1/2032

$

259,496

49,000

5.000%, 

3/1/2033

47,942

Nabors

Industries,

Inc.

36,000

7.375%, 

5/15/2027

c

36,660

91,000

9.125%, 

1/31/2030

c

97,216

National

Fuel

Gas

Company

242,000

5.500%, 

1/15/2026

242,747

New

Fortress

Energy,

Inc.

26,000

6.750%, 

9/15/2025

c

25,561

29,000

8.750%, 

3/15/2029

a,c

26,296

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

29,000

8.125%, 

2/15/2029

c

29,390

44,000

8.375%, 

2/15/2032

c

44,961

Noble

Finance

II,

LLC

35,000

8.000%, 

4/15/2030

c

36,756

Northern

Oil

and

Gas,

Inc.

66,000

8.750%, 

6/15/2031

c

69,561

NuStar

Logistics,

LP

71,000

6.375%, 

10/1/2030

72,461

Occidental

Petroleum

Corporation

117,000

5.000%, 

8/1/2027

117,402

349,000

7.875%, 

9/15/2031

399,040

ONEOK,

Inc.

67,000

5.000%, 

3/1/2026

66,982

Ovintiv,

Inc.

230,000

5.375%, 

1/1/2026

230,262

134,000

6.250%, 

7/15/2033

140,146

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

54,000

6.000%, 

2/15/2028

52,970

Permian

Resources

Operating,

LLC

70,000

6.250%, 

2/1/2033

c,g

70,527

Prairie

Acquiror,

LP

58,000

9.000%, 

8/1/2029

c

59,803

Precision

Drilling

Corporation

65,000

6.875%, 

1/15/2029

c

64,984

Range

Resources

Corporation

53,000

4.750%, 

2/15/2030

c

50,201

Rockies

Express

Pipeline,

LLC

91,000

4.950%, 

7/15/2029

c

87,029

Saturn

Oil

&

Gas,

Inc.

44,000

9.625%, 

6/15/2029

c

45,216

Schlumberger

Holdings

Corporation

102,000

5.000%, 

5/29/2027

c

102,758

SM

Energy

Company

65,000

6.500%, 

7/15/2028

64,846

26,000

7.000%, 

8/1/2032

c

26,282

Southwestern

Energy

Company

46,000

4.750%, 

2/1/2032

42,987

Suburban

Propane

Partners,

LP/

Suburban

Energy

Finance

Corporation

36,000

5.875%, 

3/1/2027

35,709

Suncor

Energy,

Inc.

215,000

7.150%, 

2/1/2032

240,157

Sunoco,

LP

106,000

7.000%, 

5/1/2029

c

109,102

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Energy

(0.2%)

-

continued

Sunoco,

LP/Sunoco

Finance

Corporation

$

55,000

5.875%, 

3/15/2028

$

54,789

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

122,000

5.500%, 

1/15/2028

c

117,712

53,000

7.375%, 

2/15/2029

c

53,695

Talos

Production,

Inc.

37,000

9.000%, 

2/1/2029

c

38,986

Targa

Resources

Corporation

232,000

4.200%, 

2/1/2033

213,403

Teine

Energy,

Ltd.

85,000

6.875%, 

4/15/2029

c

84,288

TGNR

Intermediate

Holdings,

LLC

70,000

5.500%, 

10/15/2029

c

66,377

Transocean,

Inc.

77,400

8.750%, 

2/15/2030

c

81,304

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

61,000

7.125%, 

3/15/2029

c

62,078

Valaris,

Ltd.

66,000

8.375%, 

4/30/2030

c

69,106

Venture

Global

Calcasieu

Pass,

LLC

79,000

3.875%, 

8/15/2029

c

73,042

45,000

4.125%, 

8/15/2031

c

40,907

Venture

Global

LNG,

Inc.

132,000

8.125%, 

6/1/2028

c

137,470

53,000

7.000%, 

1/15/2030

c

53,553

134,000

8.375%, 

6/1/2031

c

140,816

161,000

9.875%, 

2/1/2032

c

178,724

Viridien

SA

18,000

8.750%, 

4/1/2027

a,c

17,294

Western

Midstream

Operating,

LP

133,000

6.350%, 

1/15/2029

139,008

66,000

6.150%, 

4/1/2033

68,571

Williams

Companies,

Inc.

132,000

5.300%, 

8/15/2052

125,453

250,000

7.500%, 

1/15/2031

280,922

Total

10,841,416

Financials

(0.8%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

25,000

4.250%, 

2/15/2029

c

23,007

36,000

7.500%, 

11/6/2030

c

36,537

AEGON

Funding

Company,

LLC

214,000

5.500%, 

4/16/2027

c

214,876

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

150,000

6.100%, 

1/15/2027

153,639

200,000

3.875%, 

1/23/2028

192,812

160,000

3.400%, 

10/29/2033

138,121

AG

TTMT

Escrow

Issuer,

LLC

28,000

8.625%, 

9/30/2027

c

28,589

Agree,

LP

111,000

5.625%, 

6/15/2034

112,700

Air

Lease

Corporation

306,000

3.000%, 

2/1/2030

277,395

Aircastle,

Ltd.

200,000

5.250%, 

8/11/2025

c

198,976

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

187

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Financials

(0.8%)

-

continued

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

$

36,000

4.250%, 

10/15/2027

c

$

34,259

71,000

6.750%, 

4/15/2028

c

71,352

52,000

7.000%, 

1/15/2031

c

52,938

Ally

Financial,

Inc.

260,000

5.750%, 

11/20/2025

260,921

260,000

8.000%, 

11/1/2031

292,574

55,000

6.700%, 

2/14/2033

a

56,534

American

Express

Company

69,000

5.098%, 

2/16/2028

e

69,365

131,000

5.043%, 

7/26/2028

e

131,884

American

Homes

4

Rent,

LP

246,000

2.375%, 

7/15/2031

204,736

American

International

Group,

Inc.

273,000

5.125%, 

3/27/2033

275,289

AmWINS

Group,

Inc.

29,000

6.375%, 

2/15/2029

c

29,420

86,000

4.875%, 

6/30/2029

c

81,090

Aon

North

America,

Inc.

103,000

5.750%, 

3/1/2054

103,897

Apollo

Debt

Solutions

BDC

161,000

6.700%, 

7/29/2031

c

162,895

Ares

Capital

Corporation

114,000

3.250%, 

7/15/2025

111,487

225,000

3.875%, 

1/15/2026

219,273

107,000

2.150%, 

7/15/2026

100,140

116,000

5.875%, 

3/1/2029

116,404

Arthur

J.

Gallagher

&

Company

33,000

6.750%, 

2/15/2054

37,323

52,000

5.750%, 

7/15/2054

52,105

Associated

Banc-Corp

75,000

4.250%, 

1/15/2025

74,309

Australia

&

New

Zealand

Banking

Group,

Ltd.

250,000

2.950%, 

7/22/2030

c,e

243,712

Avolon

Holdings

Funding,

Ltd.

25,000

4.250%, 

4/15/2026

c

24,528

165,000

5.750%, 

3/1/2029

c

167,959

Banco

Santander

Mexico

SA

125,000

5.375%, 

4/17/2025

c

124,581

Banco

Santander

SA

200,000

4.175%, 

3/24/2028

e

194,929

Bank

of

America

Corporation

238,000

5.080%, 

1/20/2027

e

238,145

180,000

1.734%, 

7/22/2027

e

168,962

170,000

3.824%, 

1/20/2028

e

165,666

116,000

5.202%, 

4/25/2029

e

117,417

180,000

2.087%, 

6/14/2029

e

162,710

125,000

3.974%, 

2/7/2030

e

120,387

300,000

2.496%, 

2/13/2031

e

264,881

400,000

1.922%, 

10/24/2031

e

335,196

200,000

2.972%, 

2/4/2033

e

173,400

398,000

4.571%, 

4/27/2033

e

384,314

200,000

5.872%, 

9/15/2034

e

209,888

81,000

5.468%, 

1/23/2035

e

82,825

265,000

3.846%, 

3/8/2037

e

238,463

Bank

of

Montreal

60,000

5.266%, 

12/11/2026

60,720

Bank

of

New

York

Mellon

Corporation

134,000

6.317%, 

10/25/2029

e

142,142

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Financials

(0.8%)

-

continued

Bank

of

Nova

Scotia

$

65,000

4.850%, 

2/1/2030

$

65,323

Barclays

plc

36,000

6.125%, 

12/15/2025

e,j

35,539

200,000

6.496%, 

9/13/2027

e

205,543

280,000

4.972%, 

5/16/2029

e

279,096

200,000

5.746%, 

8/9/2033

e

204,632

Belrose

Funding

Trust

280,000

2.330%, 

8/15/2030

c

234,085

Berkshire

Hathaway

Finance

Corporation

265,000

2.850%, 

10/15/2050

176,971

BlackRock

Funding,

Inc.

70,000

5.250%, 

3/14/2054

69,473

Blackstone

Private

Credit

Fund

213,000

2.700%, 

1/15/2025

209,983

132,000

6.250%, 

1/25/2031

c

134,351

Blue

Owl

Capital

Corporation

II

101,000

8.450%, 

11/15/2026

c

105,373

Blue

Owl

Credit

Income

Corporation

166,000

4.700%, 

2/8/2027

160,709

Blue

Owl

Technology

Finance

Corporation

90,000

4.750%, 

12/15/2025

c

87,764

Blue

Owl

Technology

Finance

Corporation

II

140,000

6.750%, 

4/4/2029

c

139,363

BNP

Paribas

SA

333,000

3.132%, 

1/20/2033

c,e

288,746

BPCE

SA

350,000

3.500%, 

10/23/2027

c

333,030

Burford

Capital

Global

Finance,

LLC

84,000

9.250%, 

7/1/2031

c

89,508

Camden

Property

Trust

163,000

3.150%, 

7/1/2029

151,526

Capital

One

Financial

Corporation

275,000

4.200%, 

10/29/2025

271,055

48,000

5.700%, 

2/1/2030

a,e

48,976

Castlelake

Aviation

Finance

DAC

57,000

5.000%, 

4/15/2027

c

55,523

Centene

Corporation

484,000

2.625%, 

8/1/2031

403,435

Charles

Schwab

Corporation

292,000

2.450%, 

3/3/2027

275,458

136,000

6.136%, 

8/24/2034

e

144,030

Chubb

INA

Holdings,

LLC

125,000

4.350%, 

11/3/2045

110,210

Citibank

NA

250,000

5.438%, 

4/30/2026

252,286

Citigroup,

Inc.

168,000

3.200%, 

10/21/2026

162,212

326,000

3.668%, 

7/24/2028

e

314,941

126,000

4.125%, 

7/25/2028

122,577

50,000

3.520%, 

10/27/2028

e

47,948

83,000

5.174%, 

2/13/2030

e

83,913

281,000

4.910%, 

5/24/2033

e

276,027

169,000

6.174%, 

5/25/2034

e

175,440

Citizens

Financial

Group,

Inc.

92,000

5.718%, 

7/23/2032

e

93,133

CNA

Financial

Corporation

100,000

5.125%, 

2/15/2034

99,391

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

188

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Financials

(0.8%)

-

continued

Comerica,

Inc.

$

52,000

5.982%, 

1/30/2030

e

$

52,132

Cooperatieve

Rabobank

UA

265,000

5.564%, 

2/28/2029

c,e

270,174

Corebridge

Financial,

Inc.

100,000

4.350%, 

4/5/2042

85,128

Credit

Acceptance

Corporation

66,000

9.250%, 

12/15/2028

c

70,432

Credit

Agricole

SA

238,000

6.875%, 

9/23/2024

c,e,j

237,812

Credit

Suisse

Group

AG

225,000

7.250%, 

N/A

*,k

24,750

Danske

Bank

AS

200,000

0.976%, 

9/10/2025

c,e

198,994

Deutsche

Bank

AG/New

York,

NY

150,000

6.819%, 

11/20/2029

e

158,675

300,000

3.729%, 

1/14/2032

e

259,853

Discover

Bank

290,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

e

290,738

Diversified

Healthcare

Trust

42,000

Zero

Coupon, 

1/15/2026

c

37,142

Drawbridge

Special

Opportunities

Fund,

LP

120,000

3.875%, 

2/15/2026

c

115,368

Elevance

Health,

Inc.

110,000

3.125%, 

5/15/2050

75,563

179,000

4.625%, 

5/15/2042

161,963

EPR

Properties

130,000

4.950%, 

4/15/2028

127,248

Equitable

Holdings,

Inc.

51,000

4.572%, 

2/15/2029

c

50,196

Fairfax

Financial

Holdings,

Ltd.

138,000

6.350%, 

3/22/2054

c

141,945

Fifth

Third

Bancorp

104,000

6.339%, 

7/27/2029

e

108,390

First

Horizon

Bank

170,000

5.750%, 

5/1/2030

a

167,056

FirstCash,

Inc.

90,000

5.625%, 

1/1/2030

c

87,418

First-Citizens

Bank

&

Trust

Company

117,000

6.125%, 

3/9/2028

120,706

Five

Corners

Funding

Trust

IV

132,000

5.997%, 

2/15/2053

c

138,022

Fortress

Transportation

and

Infrastructure

Investors,

LLC

38,000

5.500%, 

5/1/2028

c

37,255

66,000

7.000%, 

5/1/2031

c

68,047

52,000

7.000%, 

6/15/2032

c

53,629

Freedom

Mortgage

Corporation

33,000

7.625%, 

5/1/2026

c

33,036

Freedom

Mortgage

Holdings,

LLC

84,000

9.250%, 

2/1/2029

c

84,601

36,000

9.125%, 

5/15/2031

c

35,415

FS

KKR

Capital

Corporation

250,000

3.400%, 

1/15/2026

240,474

GGAM

Finance,

Ltd.

66,000

7.750%, 

5/15/2026

c

67,583

37,000

8.000%, 

6/15/2028

c

39,159

29,000

6.875%, 

4/15/2029

c

29,651

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Financials

(0.8%)

-

continued

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

$

107,000

3.750%, 

12/15/2027

c

$

96,839

goeasy,

Ltd.

54,000

9.250%, 

12/1/2028

c

57,911

37,000

7.625%, 

7/1/2029

c

37,846

Goldman

Sachs

Bank

USA/New

York,

NY

217,000

5.414%, 

5/21/2027

e

218,532

Goldman

Sachs

BDC,

Inc.

86,000

6.375%, 

3/11/2027

87,919

Goldman

Sachs

Group,

Inc.

203,000

1.948%, 

10/21/2027

e

189,963

201,000

6.484%, 

10/24/2029

e

212,696

80,000

1.992%, 

1/27/2032

e

66,327

513,000

3.102%, 

2/24/2033

e

448,070

Health

Care

Service

Corporation

158,000

5.450%, 

6/15/2034

c

159,701

Healthpeak

OP,

LLC

53,000

3.400%, 

2/1/2025

52,401

Highwoods

Realty,

LP

133,000

7.650%, 

2/1/2034

146,583

HSBC

Holdings

plc

200,000

5.402%, 

8/11/2033

e

201,901

HUB

International,

Ltd.

103,000

7.250%, 

6/15/2030

c

106,232

Huntington

Bancshares,

Inc./OH

167,000

5.709%, 

2/2/2035

e

168,830

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

60,000

6.250%, 

5/15/2026

59,807

147,000

5.250%, 

5/15/2027

140,986

Intesa

Sanpaolo

SPA

44,000

4.198%, 

6/1/2032

c,e

38,095

Invitation

Homes

Operating

Partnership,

LP

167,000

2.000%, 

8/15/2031

135,648

J.P.

Morgan

Chase

&

Company

55,000

4.000%, 

4/1/2025

e,j

53,768

134,000

1.040%, 

2/4/2027

e

126,268

276,000

1.578%, 

4/22/2027

e

260,507

210,000

2.947%, 

2/24/2028

e

200,404

231,000

4.979%, 

7/22/2028

e

232,191

375,000

4.203%, 

7/23/2029

e

366,666

250,000

2.522%, 

4/22/2031

e

221,179

300,000

1.953%, 

2/4/2032

e

250,011

265,000

4.586%, 

4/26/2033

e

257,540

198,000

4.912%, 

7/25/2033

e

196,145

162,000

5.766%, 

4/22/2035

e

169,787

Jackson

National

Life

Global

Funding

180,000

5.550%, 

7/2/2027

c

182,432

Jane

Street

Group/JSG

Finance,

Inc.

58,000

4.500%, 

11/15/2029

c

54,905

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

27,000

5.000%, 

8/15/2028

c

25,077

Jefferson

Capital

Holdings,

LLC

29,000

6.000%, 

8/15/2026

c

28,794

72,000

9.500%, 

2/15/2029

c

75,541

KeyBank

NA/Cleveland,

OH

174,000

5.000%, 

1/26/2033

164,734

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

189

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Financials

(0.8%)

-

continued

KeyCorp

$

95,000

6.616%, 

(SOFRINDX

+

1.250%),

5/23/2025

e

$

95,092

Kilroy

Realty,

LP

67,000

4.250%, 

8/15/2029

62,192

60,000

6.250%, 

1/15/2036

59,115

Kite

Realty

Group,

LP

49,000

5.500%, 

3/1/2034

49,194

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

36,000

4.250%, 

2/1/2027

c

34,835

97,000

4.750%, 

6/15/2029

c

92,191

Liberty

Mutual

Group,

Inc.

20,000

4.125%, 

12/15/2051

c,e

18,720

Lloyds

Banking

Group

plc

200,000

5.871%, 

3/6/2029

e

205,982

Macquarie

Airfinance

Holdings,

Ltd.

141,000

6.400%, 

3/26/2029

c

144,708

18,000

6.500%, 

3/26/2031

c

18,680

Manufacturers

&

Traders

Trust

Company

198,000

4.700%, 

1/27/2028

194,856

Marsh

&

McLennan

Companies,

Inc.

50,000

5.450%, 

3/15/2053

50,055

136,000

5.400%, 

9/15/2033

141,598

Massachusetts

Mutual

Life

Insurance

Company

325,000

3.200%, 

12/1/2061

c

203,330

Mitsubishi

UFJ

Financial

Group,

Inc.

200,000

5.422%, 

2/22/2029

e

203,945

250,000

2.048%, 

7/17/2030

214,271

Molina

Healthcare,

Inc.

69,000

4.375%, 

6/15/2028

c

65,685

Morgan

Stanley

210,000

4.350%, 

9/8/2026

207,471

276,000

3.591%, 

7/22/2028

e

265,475

132,000

5.164%, 

4/20/2029

e

133,329

290,000

3.622%, 

4/1/2031

e

271,819

132,000

5.250%, 

4/21/2034

e

132,614

114,000

5.831%, 

4/19/2035

e

119,107

232,000

5.297%, 

4/20/2037

e

227,609

Morgan

Stanley

Direct

Lending

Fund

111,000

6.150%, 

5/17/2029

c

110,961

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

29,000

5.250%, 

8/1/2026

a

26,049

80,000

4.625%, 

8/1/2029

a

58,059

Nasdaq,

Inc.

225,000

3.250%, 

4/28/2050

154,776

Nationstar

Mortgage

Holdings,

Inc.

18,000

5.500%, 

8/15/2028

c

17,482

38,000

6.500%, 

8/1/2029

c

37,944

57,000

5.125%, 

12/15/2030

c

53,083

NatWest

Group

plc

200,000

4.445%, 

5/8/2030

e

195,071

203,000

6.475%, 

6/1/2034

e

210,468

Navient

Corporation

21,000

5.000%, 

3/15/2027

20,304

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Financials

(0.8%)

-

continued

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

$

23,000

4.500%, 

9/30/2028

c

$

20,940

New

York

Life

Global

Funding

196,000

4.550%, 

1/28/2033

c

191,708

Nomura

Holdings,

Inc.

200,000

5.783%, 

7/3/2034

205,591

Omega

Healthcare

Investors,

Inc.

299,000

3.625%, 

10/1/2029

273,304

225,000

3.375%, 

2/1/2031

198,361

OneMain

Finance

Corporation

137,000

3.500%, 

1/15/2027

129,468

170,000

3.875%, 

9/15/2028

155,298

Panther

Escrow

Issuer,

LLC

102,000

7.125%, 

6/1/2031

c

104,663

Park

Intermediate

Holdings,

LLC

102,000

4.875%, 

5/15/2029

c

96,380

PNC

Financial

Services

Group,

Inc.

67,000

6.615%, 

10/20/2027

e

69,389

207,000

5.492%, 

5/14/2030

e

212,077

265,000

4.626%, 

6/6/2033

e

253,050

PRA

Group,

Inc.

18,000

7.375%, 

9/1/2025

c

17,985

56,000

8.375%, 

2/1/2028

c

56,697

Prologis

Targeted

US

Logistics

Fund,

LP

136,000

5.250%, 

4/1/2029

c

138,197

Prologis,

LP

92,000

5.250%, 

3/15/2054

88,953

Prudential

Financial,

Inc.

252,000

5.125%, 

3/1/2052

e

237,013

Regency

Centers,

LP

196,000

4.125%, 

3/15/2028

191,476

100,000

5.250%, 

1/15/2034

100,253

Reinsurance

Group

of

America,

Inc.

154,000

5.750%, 

9/15/2034

157,527

RGA

Global

Funding

65,000

5.500%, 

1/11/2031

c

66,500

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

18,000

4.750%, 

10/15/2027

17,475

36,000

4.500%, 

2/15/2029

c

34,106

RLJ

Lodging

Trust,

LP

33,000

4.000%, 

9/15/2029

c

29,448

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

120,000

3.625%, 

3/1/2029

c

110,160

41,000

3.875%, 

3/1/2031

c

36,471

52,000

4.000%, 

10/15/2033

c

44,724

Ryan

Specialty,

LLC

19,000

4.375%, 

2/1/2030

c

17,886

Santander

Holdings

USA,

Inc.

66,000

6.499%, 

3/9/2029

e

68,151

58,000

6.174%, 

1/9/2030

e

59,665

Santander

UK

Group

Holdings

plc

360,000

1.673%, 

6/14/2027

e

337,094

Service

Properties

Trust

74,000

8.375%, 

6/15/2029

73,669

55,000

8.625%, 

11/15/2031

c

58,441

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

190

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Financials

(0.8%)

-

continued

Simon

Property

Group,

LP

$

217,000

3.800%, 

7/15/2050

$

164,636

SLM

Corporation

40,000

4.200%, 

10/29/2025

39,269

Societe

Generale

SA

138,000

4.750%, 

11/24/2025

c

136,116

Standard

Chartered

plc

200,000

5.688%, 

5/14/2028

c,e

202,717

Sumitomo

Mitsui

Financial

Group,

Inc.

126,000

3.010%, 

10/19/2026

121,120

200,000

5.710%, 

1/13/2030

208,006

125,000

1.710%, 

1/12/2031

102,222

Synchrony

Financial

78,000

5.935%, 

8/2/2030

e

78,481

37,000

7.250%, 

2/2/2033

37,842

Synovus

Bank

250,000

5.625%, 

2/15/2028

247,361

Toronto-Dominion

Bank

172,000

5.523%, 

7/17/2028

177,061

Truist

Financial

Corporation

134,000

6.047%, 

6/8/2027

e

136,221

94,000

5.125%, 

12/15/2027

e,j

88,703

157,000

5.122%, 

1/26/2034

e

154,015

86,000

5.711%, 

1/24/2035

e

87,928

U.S.

Bancorp

132,000

5.727%, 

10/21/2026

e

132,933

204,000

5.775%, 

6/12/2029

e

210,090

52,000

5.836%, 

6/12/2034

e

53,981

92,000

5.678%, 

1/23/2035

e

94,498

UBS

Group

AG

350,000

2.193%, 

6/5/2026

c,e

340,715

200,000

6.246%, 

9/22/2029

c,e

208,905

164,000

3.091%, 

5/14/2032

c,e

143,357

200,000

5.699%, 

2/8/2035

c,e

204,651

UniCredit

SPA

36,000

5.861%, 

6/19/2032

c,e

35,703

United

Wholesale

Mortgage,

LLC

97,000

5.500%, 

4/15/2029

c

93,524

UnitedHealth

Group,

Inc.

132,000

5.875%, 

2/15/2053

139,685

198,000

4.750%, 

5/15/2052

178,984

Vornado

Realty,

LP

26,000

3.400%, 

6/1/2031

21,186

Wells

Fargo

&

Company

121,000

3.000%, 

4/22/2026

117,271

168,000

3.000%, 

10/23/2026

161,662

199,000

3.526%, 

3/24/2028

e

192,052

142,000

5.707%, 

4/22/2028

e

144,772

294,000

2.393%, 

6/2/2028

e

274,524

139,000

5.574%, 

7/25/2029

e

142,337

109,000

5.389%, 

4/24/2034

e

110,268

323,000

4.900%, 

11/17/2045

291,264

Willis

North

America,

Inc.

265,000

4.650%, 

6/15/2027

263,454

XHR,

LP

36,000

4.875%, 

6/1/2029

c

33,970

Total

36,123,707

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

200,000

2.625%, 

5/5/2031

c

175,022

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Foreign

Government

(<0.1%)

-

continued

Saudi

Arabian

Oil

Company

$

160,000

5.250%, 

7/17/2034

c

$

160,797

Total

335,819

Mortgage-Backed

Securities

(2.9%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

1,890,282

2.000%, 

1/1/2052

1,543,230

998,914

2.000%, 

5/1/2051

815,647

3,311,926

2.500%, 

5/1/2051

2,817,579

1,532,223

3.500%, 

5/1/2052

1,400,670

2,233,607

4.000%, 

5/1/2052

2,111,053

990,075

5.000%, 

7/1/2053

980,667

461,330

5.500%, 

7/1/2053

464,260

1,311,777

3.500%, 

8/1/2052

1,196,455

1,126,102

5.000%, 

8/1/2053

1,119,820

3,483,560

5.500%, 

9/1/2053

3,520,463

1,089,480

3.500%, 

9/1/2047

g

1,010,082

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

1,019,201

2.500%, 

7/1/2030

968,652

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

1,273,969

3.000%, 

12/1/2036

1,193,897

1,082,923

3.000%, 

8/1/2038

1,019,938

1,650,283

3.500%, 

5/1/2040

1,566,319

1,972,646

2.500%, 

4/1/2042

1,733,186

499,128

2.000%, 

5/1/2042

429,133

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

3,894,258

3.000%, 

1/1/2052

3,425,473

684,405

2.000%, 

2/1/2051

558,900

455,663

2.000%, 

2/1/2051

372,103

2,515,817

2.500%, 

2/1/2051

2,127,751

2,160,895

2.500%, 

2/1/2051

1,836,259

7,580,023

2.000%, 

3/1/2051

6,123,207

965,512

2.000%, 

3/1/2051

782,537

2,696,583

4.000%, 

3/1/2051

2,565,327

415,762

2.000%, 

3/1/2052

339,335

4,057,174

3.000%, 

3/1/2052

3,550,701

5,009,000

2.000%, 

4/1/2051

4,038,046

2,446,991

3.000%, 

4/1/2051

2,156,012

2,578,732

3.000%, 

5/1/2050

2,291,238

827,648

2.000%, 

5/1/2051

672,141

2,296,363

3.000%, 

5/1/2051

2,047,553

2,586,621

2.000%, 

6/1/2050

2,108,730

1,517,130

3.000%, 

6/1/2050

1,357,508

672,177

4.000%, 

6/1/2052

630,838

774,341

5.000%, 

6/1/2053

768,824

3,734,243

2.500%, 

7/1/2051

3,195,850

1,004,916

3.500%, 

7/1/2051

927,213

1,917,857

4.000%, 

7/1/2052

1,800,013

1,281,782

3.500%, 

8/1/2050

1,182,534

2,038,128

3.500%, 

8/1/2052

1,851,782

3,961,294

4.500%, 

8/1/2052

3,830,143

1,457,804

5.000%, 

8/1/2053

1,447,415

546,259

2.500%, 

9/1/2051

464,769

1,312,135

3.500%, 

9/1/2052

1,200,471

607,926

3.500%, 

9/1/2052

556,191

1,242,307

5.000%, 

9/1/2052

1,225,127

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

191

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Mortgage-Backed

Securities

(2.9%)

-

continued

$

1,215,378

4.500%, 

9/1/2053

$

1,179,134

1,998,652

4.500%, 

9/1/2053

1,928,659

3,780,585

4.000%, 

10/1/2052

3,560,175

794,163

2.000%, 

11/1/2051

646,966

783,699

3.500%, 

11/1/2052

717,245

3,343,295

2.000%, 

12/1/2050

2,720,107

5,216,907

2.500%, 

12/1/2051

4,424,715

2,333,361

4.500%, 

12/1/2052

2,266,203

2,225,000

6.000%, 

8/1/2041

g

2,256,552

7,550,000

5.500%, 

8/1/2042

g

7,561,561

1,290,180

3.500%, 

12/1/2047

g

1,197,202

4,800,000

4.000%, 

8/1/2048

g

4,498,010

2,300,000

4.500%, 

8/1/2048

g

2,215,407

9,575,000

5.000%, 

8/1/2048

9,428,626

2,750,000

3.000%, 

8/1/2049

g

2,399,481

3,100,000

3.500%, 

8/1/2049

g

2,812,449

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

4,279,184

2.500%, 

3/1/2062

3,457,409

903,772

3.500%, 

7/1/2061

806,512

1,949,237

4.000%, 

12/1/2061

1,804,682

Total

135,206,137

Technology

(0.2%)

Advanced

Micro

Devices,

Inc.

132,000

4.393%, 

6/1/2052

a

116,627

Amentum

Escrow

Corporation

57,000

7.250%, 

8/1/2032

c,g

58,215

Analog

Devices,

Inc.

425,000

2.950%, 

10/1/2051

287,471

Apple,

Inc.

232,000

2.650%, 

2/8/2051

152,141

437,000

3.750%, 

9/12/2047

361,766

Block,

Inc.

126,000

6.500%, 

5/15/2032

c

128,041

Boost

Newco

Borrower,

LLC

90,000

7.500%, 

1/15/2031

c

94,795

Broadcom,

Inc.

210,000

5.050%, 

7/12/2027

211,880

76,000

3.469%, 

4/15/2034

c

66,373

266,000

3.137%, 

11/15/2035

c

219,509

220,000

3.187%, 

11/15/2036

c

179,437

180,000

4.926%, 

5/15/2037

c

173,700

Cisco

Systems,

Inc.

69,000

5.300%, 

2/26/2054

69,539

70,000

4.950%, 

2/26/2031

71,554

Clarivate

Science

Holdings

Corporation

39,000

3.875%, 

7/1/2028

c

36,581

Cloud

Software

Group,

Inc.

190,000

6.500%, 

3/31/2029

c

185,202

Consensus

Cloud

Solutions,

Inc.

18,000

6.000%, 

10/15/2026

c

17,636

CoreLogic,

Inc.

22,000

4.500%, 

5/1/2028

c

20,294

Dell

International,

LLC/EMC

Corporation

144,000

6.020%, 

6/15/2026

146,366

Dell,

Inc.

124,000

6.500%, 

4/15/2038

132,662

Dye

&

Durham,

Ltd.

54,000

8.625%, 

4/15/2029

c

55,256

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Technology

(0.2%)

-

continued

Fiserv,

Inc.

$

66,000

2.250%, 

6/1/2027

$

61,726

137,000

2.650%, 

6/1/2030

122,327

136,000

5.350%, 

3/15/2031

139,593

116,000

5.600%, 

3/2/2033

120,048

Gen

Digital,

Inc.

3,000

6.750%, 

9/30/2027

c

3,051

44,000

7.125%, 

9/30/2030

a,c

45,488

Global

Payments,

Inc.

142,000

5.950%, 

8/15/2052

139,983

198,000

5.300%, 

8/15/2029

200,073

II-VI,

Inc.

32,000

5.000%, 

12/15/2029

a,c

30,525

Intel

Corporation

135,000

5.600%, 

2/21/2054

134,174

Iron

Mountain,

Inc.

75,000

4.875%, 

9/15/2027

c

73,234

101,000

4.875%, 

9/15/2029

c

96,501

90,000

5.250%, 

7/15/2030

c

86,617

96,000

4.500%, 

2/15/2031

c

88,236

KLA

Corporation

199,000

3.300%, 

3/1/2050

144,149

Marvell

Technology,

Inc.

33,000

5.950%, 

9/15/2033

34,672

Mastercard,

Inc.

160,000

3.950%, 

2/26/2048

133,484

Microchip

Technology,

Inc.

28,000

5.050%, 

3/15/2029

28,312

Micron

Technology,

Inc.

72,000

5.300%, 

1/15/2031

73,278

Microsoft

Corporation

95,000

3.041%, 

3/17/2062

64,981

228,000

2.500%, 

9/15/2050

146,911

200,000

3.700%, 

8/8/2046

169,244

NCR

Atleos

Corporation

29,000

9.500%, 

4/1/2029

c

31,680

NCR

Voyix

Corporation

55,000

5.000%, 

10/1/2028

c

52,593

100,000

5.125%, 

4/15/2029

c

95,538

Neptune

Bidco

US,

Inc.

74,000

9.290%, 

4/15/2029

c

72,473

Newfold

Digital

Holdings

Group,

Inc.

22,000

11.750%, 

10/15/2028

c

22,231

NXP

BV/NXP

Funding,

LLC

75,000

5.550%, 

12/1/2028

77,018

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

84,000

4.300%, 

6/18/2029

82,111

180,000

3.250%, 

5/11/2041

134,498

Open

Text

Corporation

72,000

3.875%, 

12/1/2029

c

65,357

Open

Text

Holdings,

Inc.

105,000

4.125%, 

2/15/2030

c

95,770

Oracle

Corporation

132,000

6.900%, 

11/9/2052

151,451

161,000

6.150%, 

11/9/2029

171,439

250,000

3.850%, 

7/15/2036

216,432

380,000

4.000%, 

7/15/2046

299,209

PayPal

Holdings,

Inc.

124,000

5.500%, 

6/1/2054

123,660

Pitney

Bowes,

Inc.

18,000

6.875%, 

3/15/2027

a,c

17,802

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

192

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Technology

(0.2%)

-

continued

PTC,

Inc.

$

40,000

4.000%, 

2/15/2028

c

$

37,885

RingCentral,

Inc.

67,000

8.500%, 

8/15/2030

a,c

70,394

Rocket

Software,

Inc.

44,000

9.000%, 

11/28/2028

c

45,287

Roper

Technologies,

Inc.

173,000

1.750%, 

2/15/2031

142,620

Seagate

HDD

Cayman

77,685

9.625%, 

12/1/2032

88,963

Sensata

Technologies,

Inc.

21,000

3.750%, 

2/15/2031

c

18,548

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

30,000

4.625%, 

11/1/2026

c

29,278

SS&C

Technologies,

Inc.

104,000

5.500%, 

9/30/2027

c

103,021

Texas

Instruments,

Inc.

133,000

5.050%, 

5/18/2063

127,451

UKG,

Inc.

72,000

6.875%, 

2/1/2031

c

74,004

Verisk

Analytics,

Inc.

109,000

5.250%, 

6/5/2034

110,034

Viavi

Solutions,

Inc.

66,000

3.750%, 

10/1/2029

c

57,237

Visa,

Inc.

225,000

2.700%, 

4/15/2040

168,778

VMware,

LLC

121,000

4.650%, 

5/15/2027

120,424

180,000

2.200%, 

8/15/2031

150,336

Xerox

Holdings

Corporation

9,000

5.000%, 

8/15/2025

c

8,844

145,000

5.500%, 

8/15/2028

c

123,021

Total

8,107,039

Transportation

(<0.1%)

Air

Canada

72,000

3.875%, 

8/15/2026

c

69,252

American

Airlines

Group,

Inc.

23,000

3.750%, 

3/1/2025

a,c

22,625

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

170,334

5.500%, 

4/20/2026

c

169,193

35,534

5.750%, 

4/20/2029

c

34,724

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

43,000

5.375%, 

3/1/2029

a,c

39,357

Burlington

Northern

Santa

Fe,

LLC

199,000

2.875%, 

6/15/2052

130,226

140,000

5.750%, 

5/1/2040

146,971

100,000

4.450%, 

3/15/2043

90,121

Canadian

Pacific

Railway

Company

132,000

4.700%, 

5/1/2048

116,807

CSX

Corporation

170,000

3.800%, 

4/15/2050

133,843

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

284,000

4.750%, 

10/20/2028

c

281,155

ERAC

USA

Finance,

LLC

132,000

5.400%, 

5/1/2053

c

130,889

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Transportation

(<0.1%)

-

continued

Hawaiian

Brand

Intellectual

Property,

Ltd./HawaiianMiles

Loyalty,

Ltd.

$

33,000

11.000%, 

4/15/2029

c

$

31,466

Mileage

Plus

Holdings,

LLC

199,200

6.500%, 

6/20/2027

c

200,970

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

148,000

5.750%, 

5/24/2026

c

149,481

Rand

Parent,

LLC

69,000

8.500%, 

2/15/2030

a,c

68,232

RXO,

Inc.

80,000

7.500%, 

11/15/2027

c

82,200

Southwest

Airlines

Company

206,000

2.625%, 

2/10/2030

182,388

Stena

International

SA

58,000

7.250%, 

1/15/2031

c

59,332

Union

Pacific

Corporation

265,000

2.973%, 

9/16/2062

163,152

United

Airlines,

Inc.

74,000

4.375%, 

4/15/2026

c

72,149

36,000

4.625%, 

4/15/2029

c

34,021

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

20,000

7.875%, 

5/1/2027

c

18,104

77,000

6.375%, 

2/1/2030

a,c

61,336

Total

2,487,994

U.S.

Government

&

Agencies

(2.9%)

U.S.

Treasury

Bonds

1,716,000

3.625%, 

5/15/2053

1,507,935

300,000

1.625%, 

11/15/2050

169,898

1,500,000

4.750%, 

11/15/2053

1,601,016

1,510,000

5.250%, 

11/15/2028

1,588,921

1,175,000

4.375%, 

5/15/2040

1,195,333

6,780,000

3.000%, 

5/15/2042

5,618,925

462,000

3.375%, 

5/15/2044

396,670

12,618,000

2.500%, 

5/15/2046

9,170,723

10,050,000

2.875%, 

5/15/2049

7,665,088

U.S.

Treasury

Notes

4,360,000

2.125%, 

11/30/2024

4,315,719

700,000

1.375%, 

1/31/2025

687,378

9,100,000

3.875%, 

3/31/2025

9,036,442

17,550,000

2.875%, 

5/31/2025

17,268,069

250,000

0.250%, 

8/31/2025

238,340

1,600,000

4.250%, 

12/31/2025

1,594,063

5,715,000

2.625%, 

1/31/2026

5,562,972

3,990,000

0.500%, 

2/28/2026

3,752,159

20,870,000

2.500%, 

2/28/2026

20,254,498

2,100,000

4.625%, 

2/28/2026

2,105,414

4,800,000

4.500%, 

3/31/2026

4,806,937

5,000,000

0.500%, 

4/30/2027

4,536,914

4,485,000

2.250%, 

11/15/2027

4,239,026

5,600,000

3.875%, 

12/31/2027

5,574,844

5,100,000

3.500%, 

1/31/2028

5,014,535

3,000,000

3.625%, 

3/31/2028

2,961,914

7,300,000

2.875%, 

5/15/2028

7,011,137

1,600,000

3.750%, 

12/31/2028

1,586,687

4,680,000

1.375%, 

11/15/2031

3,912,553

1,175,000

4.125%, 

11/15/2032

1,183,996

3,200,000

4.500%, 

11/15/2033

3,310,000

Total

137,868,106

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

193

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Utilities

(0.2%)

AES

Corporation

$

265,000

3.950%, 

7/15/2030

c

$

246,143

Ameren

Illinois

Company

150,000

4.500%, 

3/15/2049

131,109

American

Electric

Power

Company,

Inc.

135,000

5.200%, 

1/15/2029

136,771

116,000

5.625%, 

3/1/2033

118,981

American

Water

Capital

Corporation

135,000

5.450%, 

3/1/2054

133,942

Appalachian

Power

Company

92,000

3.300%, 

6/1/2027

88,131

Atmos

Energy

Corporation

100,000

5.900%, 

11/15/2033

106,699

Berkshire

Hathaway

Energy

Company

155,000

4.500%, 

2/1/2045

140,018

Calpine

Corporation

75,000

4.500%, 

2/15/2028

c

71,846

CenterPoint

Energy

Resources

Corporation

250,000

1.750%, 

10/1/2030

208,635

CenterPoint

Energy,

Inc.

73,000

4.250%, 

11/1/2028

70,614

Commonwealth

Edison

Company

125,000

3.700%, 

3/1/2045

98,690

Consolidated

Edison

Company

of

New

York,

Inc.

63,000

4.500%, 

12/1/2045

54,912

175,000

4.125%, 

5/15/2049

142,067

Constellation

Energy

Generation,

LLC

67,000

6.125%, 

1/15/2034

71,487

Consumers

Energy

Company

221,000

4.350%, 

4/15/2049

191,785

Dominion

Energy,

Inc.

18,000

6.875%, 

2/1/2055

e

18,685

18,000

7.000%, 

6/1/2054

e

18,904

DTE

Electric

Company

95,000

3.700%, 

3/15/2045

75,628

135,000

3.700%, 

6/1/2046

105,334

Duke

Energy

Carolinas,

LLC

250,000

3.700%, 

12/1/2047

190,155

Duke

Energy

Corporation

214,000

5.450%, 

6/15/2034

217,224

Duke

Energy

Indiana,

LLC

170,000

3.750%, 

5/15/2046

132,256

Edison

International

187,000

5.750%, 

6/15/2027

190,558

Enel

Finance

International

NV

200,000

5.125%, 

6/26/2029

c

200,939

Eversource

Energy

166,000

4.750%, 

5/15/2026

165,268

Exelon

Corporation

190,000

4.700%, 

4/15/2050

165,885

376,000

4.450%, 

4/15/2046

320,839

FirstEnergy

Corporation

165,000

4.850%, 

7/15/2047

145,031

Georgia

Power

Company

113,000

4.950%, 

5/17/2033

113,013

68,000

5.250%, 

3/15/2034

69,465

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Utilities

(0.2%)

-

continued

ITC

Holdings

Corporation

$

84,000

5.300%, 

7/1/2043

$

79,558

Jersey

Central

Power

&

Light

Company

150,000

2.750%, 

3/1/2032

c

127,481

MidAmerican

Energy

Company

154,000

5.850%, 

9/15/2054

162,186

National

Rural

Utilities

Cooperative

Finance

Corporation

83,000

3.700%, 

3/15/2029

79,829

NextEra

Energy

Operating

Partners,

LP

133,000

3.875%, 

10/15/2026

c

127,634

NiSource,

Inc.

245,000

5.650%, 

2/1/2045

243,471

NRG

Energy,

Inc.

28,000

3.375%, 

2/15/2029

c

25,200

35,000

5.250%, 

6/15/2029

c

34,033

Pacific

Gas

and

Electric

Company

135,000

3.300%, 

12/1/2027

127,702

137,000

5.550%, 

5/15/2029

139,935

114,000

4.550%, 

7/1/2030

110,324

135,000

6.950%, 

3/15/2034

148,930

70,000

5.800%, 

5/15/2034

71,372

PG&E

Corporation

86,000

5.000%, 

7/1/2028

83,885

PPL

Electric

Utilities

Corporation

138,000

3.950%, 

6/1/2047

112,795

Public

Service

Company

of

Colorado

171,000

4.500%, 

6/1/2052

143,472

Public

Service

Enterprise

Group,

Inc.

133,000

5.875%, 

10/15/2028

138,277

San

Diego

Gas

&

Electric

Company

330,000

4.150%, 

5/15/2048

273,346

Southern

California

Edison

Company

185,000

4.000%, 

4/1/2047

146,706

Southern

Company

265,000

5.113%, 

8/1/2027

267,101

Southern

Company

Gas

Capital

Corporation

155,000

4.400%, 

5/30/2047

129,848

Southwestern

Electric

Power

Company

105,000

3.900%, 

4/1/2045

80,206

Talen

Energy

Supply,

LLC

64,000

8.625%, 

6/1/2030

c

68,968

TerraForm

Power

Operating,

LLC

125,000

5.000%, 

1/31/2028

c

120,458

Virginia

Electric

and

Power

Company

48,000

5.350%, 

1/15/2054

46,886

191,000

4.600%, 

12/1/2048

165,807

Vistra

Corporation

36,000

8.000%, 

10/15/2026

c,e,j

36,851

90,000

7.000%, 

12/15/2026

c,e,j

90,517

Vistra

Operations

Company,

LLC

185,000

5.125%, 

5/13/2025

c

184,071

220,000

5.000%, 

7/31/2027

c

215,411

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

194

Principal

Amount

Long-Term

Fixed

Income

(8.9%)

Value

Utilities

(0.2%)

-

continued

Xcel

Energy,

Inc.

$

103,000

4.600%, 

6/1/2032

$

99,245

Total

8,022,519

Total

Long-Term

Fixed

Income

(cost

$437,121,818)

417,048,179

Shares

Private

Equity

Funds

(

0.6%

)

Value

Secondary

(0.6%)

1

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP

*,b,i

1,908,050

1

ASF

IX,

LP

*,b,i

3,653,407

1

ASF

VIII

Sidecar

(Cayman),

LP

*,b,i

139,780

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,b,i

1,967,459

1

LCP

X

(Offshore),

LP

*,b,i

18,242,242

1

StepStone

Secondary

Opportunities

Fund

V

Offshore,

LP

*,b,i

872,005

Total

26,782,943

Total

Private

Equity

Funds

(cost

$18,410,854)

26,782,943

Shares

Collateral

Held

for

Securities

Loaned

(

0.1%

)

Value

6,395,053

Thrivent

Cash

Management

Trust

6,395,053

Total

Collateral

Held

for

Securities

Loaned

(cost

$6,395,053)

6,395,053

Shares

or

Principal

Amount

Short-Term

Investments

(

15.0%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

2,800,000

5.250%,

8/7/2024

l,m

2,797,139

100,000

5.240%,

8/14/2024

l,m

99,796

1,800,000

5.245%,

8/16/2024

l,m

1,795,796

10,400,000

5.253%,

8/21/2024

l,m

10,368,120

13,700,000

5.225%,

9/17/2024

l,m

13,604,191

4,700,000

5.240%,

9/18/2024

l,m

4,666,447

500,000

5.170%,

10/9/2024

l,m

495,022

100,000

5.200%,

10/16/2024

l,m

98,905

3,900,000

5.194%,

10/18/2024

l,m

3,856,181

1,200,000

5.215%,

10/30/2024

l,m

1,184,469

100,000

5.175%,

11/8/2024

l,m

98,603

Federal

Home

Loan

Mortgage

Corporation

Discount

Notes

100,000

5.250%,

8/13/2024

l,m

99,810

Thrivent

Core

Short-Term

Reserve

Fund

66,196,847

5.600%

661,968,470

Total

Short-Term

Investments

(cost

$701,003,632)

701,132,949

Total

Investments

(cost

$3,726,420,884)

100.4%

$4,693,788,956

Other

Assets

and

Liabilities,

Net

(0.4%)

(18,326,752)

Total

Net

Assets

100.0%

$4,675,462,204

a

All

or

a

portion

of

the

security

is

on

loan.

b

Non-income

producing

security.

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$58,563,331

or

1.3%

of

total

net

assets.

d

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

July

31,

2024.

e

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

f

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

g

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

h

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

i

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

j

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

k

Defaulted

security.  Interest

is

not

being

accrued.

l

The

interest

rate

shown

reflects

the

yield.

m

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Moderately

Aggressive

Allocation

Fund

as

of

July

31,

2024

was

$26,807,693

or

0.57%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP 

6/28/2024

$

–

ASF

IX,

LP 

3/18/2024

2,250,914

ASF

VIII

Sidecar

(Cayman),

LP 

6/28/2024

–

Credit

Suisse

Group

AG 

9/5/2018

225,000

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

1,295,000

LCP

X

(Offshore),

LP 

10/25/2023

14,864,940

StepStone

Secondary

Opportunities

Fund

V

Offshore,

LP 

6/28/2024

–

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

195

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderately

Aggressive

Allocation

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

2,858,132

Common

Stock

3,457,837

Total

lending

$6,315,969

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$6,395,053

Net

amounts

due

to

counterparty

$79,084

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

SOFRINDX

-

Secured

Overnight

Financing

Rate

Compounded

Index

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

196

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Moderately

Aggressive

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Registered

Investment

Companies

U.S.

Affiliated

1,922,833,532

1,922,833,532

–

–

U.S.

Unaffiliated

29,396,483

29,396,483

–

–

Common

Stock

Communications

Services

67,918,988

67,918,988

–

–

Consumer

Discretionary

123,094,883

123,094,883

–

–

Consumer

Staples

55,049,053

55,049,053

–

–

Energy

50,939,040

50,939,040

–

–

Financials

193,501,351

193,501,351

–

–

Health

Care

148,775,932

148,775,932

–

–

Industrials

188,945,388

185,524,693

3,420,695

–

Information

Technology

259,905,870

255,407,977

4,497,893

–

Materials

46,242,024

45,274,790

967,234

–

Real

Estate

53,336,712

53,336,712

–

–

Utilities

32,790,726

32,790,726

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

9,171,804

–

9,171,804

–

Basic

Materials

2,952,680

–

2,952,680

–

Capital

Goods

7,337,696

–

7,337,696

–

Collateralized

Mortgage

Obligations

15,539,606

–

15,539,606

–

Commercial

Mortgage-Backed

Securities

7,552,358

–

7,552,358

–

Communications

Services

10,481,934

–

10,481,934

–

Consumer

Cyclical

12,363,710

–

12,363,710

–

Consumer

Non-Cyclical

12,655,654

–

12,484,203

171,451

Energy

10,841,416

–

10,841,416

–

Financials

36,123,707

–

36,123,707

–

Foreign

Government

335,819

–

335,819

–

Mortgage-Backed

Securities

135,206,137

–

135,206,137

–

Technology

8,107,039

–

8,107,039

–

Transportation

2,487,994

–

2,487,994

–

U.S.

Government

&

Agencies

137,868,106

–

137,868,106

–

Utilities

8,022,519

–

8,022,519

–

Private

Equity

Funds

Secondary

26,782,943

–

–

26,782,943

Short-Term

Investments

39,164,479

–

39,164,479

–

Subtotal

Investments

in

Securities

$3,655,725,583

$3,163,844,160

$464,927,029

$26,954,394

Other

Investments  *

Total

Affiliated

Short-Term

Investments

661,968,470

U.S.

Affiliated

Registered

Investment

Cos.

369,699,850

Collateral

Held

for

Securities

Loaned

6,395,053

Subtotal

Other

Investments

$1,038,063,373

Total

Investments

at

Value

$4,693,788,956

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Moderately

Aggressive

Allocation

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

14,337,714

14,337,714

–

–

Total

Asset

Derivatives

$14,337,714

$14,337,714

$–

$–

Liability

Derivatives

Futures

Contracts

35,332,360

35,158,778

173,582

–

Total

Liability

Derivatives

$35,332,360

$35,158,778

$173,582

$–

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

197

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Moderately

Aggressive

Allocation

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$39,164,479

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

244

September

2024

$

26,600,490

$

681,760

CBOT

2-Yr.

U.S.

Treasury

Note

448

September

2024

91,218,172

786,330

CBOT

5-Yr.

U.S.

Treasury

Note

465

September

2024

49,218,562

950,581

CBOT

U.S.

Long

Bond

124

September

2024

14,500,593

476,282

CME

E-mini

Russell

2000

Index

33

September

2024

3,385,949

364,501

CME

E-mini

S&P

500

Index

3,042

September

2024

837,066,910

8,304,890

CME

E-mini

S&P

Mid-Cap

400

Index

2

September

2024

585,787

38,233

CME

Ultra

Long

Term

U.S.

Treasury

Bond

171

September

2024

21,197,724

684,932

ICE

mini

MSCI

EAFE

Index

443

September

2024

51,486,281

1,445,574

ICE

US

mini

MSCI

Emerging

Markets

Index

266

September

2024

14,327,988

255,462

Ultra

10-Yr.

U.S.

Treasury

Note

111

September

2024

12,480,003

349,169

Total

Futures

Long

Contracts

$

1,122,068,459

$

14,337,714

CME

E-mini

Russell

2000

Index

(1,584)

September

2024

(

$

163,110,484)

(

$

16,911,116)

CME

E-mini

S&P

Mid-Cap

400

Index

(1,049)

September

2024

(

309,310,458)

(

17,988,032)

CME

Euro

Foreign

Exchange

Currency

(314)

September

2024

(

42,336,096)

(

250,154)

Eurex

Euro

STOXX

50

Index

(777)

September

2024

(

41,047,782)

(

173,582)

Ultra

10-Yr.

U.S.

Treasury

Note

(3)

September

2024

(

337,258)

(

9,476)

Total

Futures

Short

Contracts

(

$

556,142,078)

($35,332,360)

Total

Futures

Contracts

$

565,926,381

($20,994,646)

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

198

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderately

Aggressive

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$32,392

$1,539

$3,052

$34,496

4,264

0.7%

Core

Emerging

Markets

Equity

58,290

2,097

–

71,192

7,455

1.5

Core

International

Equity

68,886

36,704

–

122,728

11,177

2.6

Core

Low

Volatility

Equity

65,683

5,718

68,100

3,345

287

0.1

Core

Mid

Cap

Value

49,155

1,032

–

61,710

5,423

1.3

Core

Small

Cap

Value

54,964

1,018

–

76,230

6,560

1.6

Global

Stock,

Class

S

172,211

10,842

–

220,701

7,540

4.7

High

Yield,

Class

S

22,778

1,135

416

25,062

5,953

0.5

Income,

Class

S

64,051

2,462

140

72,340

8,876

1.6

International

Allocation,

Class

S

239,607

8,164

–

296,991

26,901

6.4

Large

Cap

Growth,

Class

S

353,699

11,918

–

484,967

23,160

10.4

Large

Cap

Value,

Class

S

325,897

12,553

–

407,118

13,300

8.7

Limited

Maturity

Bond,

Class

S

38,497

1,180

120

41,129

3,330

0.9

Mid

Cap

Stock,

Class

S

227,754

3,898

–

292,129

7,811

6.2

Small

Cap

Stock,

Class

S

60,731

333

–

82,396

2,470

1.8

Total

U.S.

Affiliated

Registered

Investment

Companies

1,834,595

2,292,534

49.0

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

498,724

840,490

677,246

661,968

66,197

14.2

Total

Affiliated

Short-Term

Investments

498,724

661,968

14.2

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

4,765

132,764

131,134

6,395

6,395

0.1

Total

Collateral

Held

for

Securities

Loaned

4,765

6,395

0.1

Total

Value

$2,338,084

$2,960,897

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($802)

$4,419

$–

$1,539

Core

Emerging

Markets

Equity

–

10,805

–

2,098

Core

International

Equity

–

17,138

–

2,705

Core

Low

Volatility

Equity

Fund

6,169

(6,125)

4,189

1,529

Core

Mid

Cap

Value

–

11,523

230

802

Core

Small

Cap

Value

–

20,248

–

1,018

Global

Stock,

Class

S

–

37,648

6,988

3,853

High

Yield,

Class

S

(77)

1,642

–

1,135

Income,

Class

S

(40)

6,007

–

2,288

International

Allocation,

Class

S

–

49,220

–

8,164

Large

Cap

Growth,

Class

S

–

119,350

11,918

–

Large

Cap

Value,

Class

S

–

68,668

6,425

6,128

Limited

Maturity

Bond,

Class

S

(5)

1,577

–

1,104

Mid

Cap

Stock,

Class

S

–

60,477

2,718

1,180

Small

Cap

Stock,

Class

S

–

21,332

–

333

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

–

–

–

27,235

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$61,111

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

28

Total

Affiliated

Income

from

Securities

Loaned,

Net

$28

Total

$5,245

$423,929

$32,468

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

199

Shares

Registered

Investment

Companies

(

41.5%

)

Value

U.S.

Affiliated  (40.9%)

4,109,023

Thrivent

Core

Emerging

Markets

Debt

Fund

$

33,241,997

905,202

Thrivent

Core

Emerging

Markets

Equity

Fund

8,644,679

1,488,257

Thrivent

Core

International

Equity

Fund

16,341,065

57,355

Thrivent

Core

Low

Volatility

Equity

Fund

667,607

792,562

Thrivent

Core

Mid

Cap

Value

Fund

9,019,356

665,877

Thrivent

Core

Small

Cap

Value

Fund

7,737,488

76,559

Thrivent

Global

Stock

Fund,

Class

S

2,240,876

5,757,811

Thrivent

High

Yield

Fund,

Class

S

24,240,383

8,722,191

Thrivent

Income

Fund,

Class

S

71,085,857

2,348,635

Thrivent

International

Allocation

Fund,

Class

S

25,928,932

3,242,058

Thrivent

Large

Cap

Growth

Fund,

Class

S

67,888,695

3,555,854

Thrivent

Large

Cap

Value

Fund,

Class

S

108,844,683

3,253,467

Thrivent

Limited

Maturity

Bond

Fund,

Class

S

40,180,323

828,836

Thrivent

Mid

Cap

Stock

Fund,

Class

S

30,998,466

265,427

Thrivent

Small

Cap

Stock

Fund,

Class

S

8,854,633

Total

455,915,040

U.S.

Unaffiliated  (0.6%)

1,789

Invesco

QQQ

Trust

Series

1

842,744

48,653

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

1,795,296

2,342

SPDR

Bloomberg

High

Yield

Bond

ETF

a

224,457

6,591

SPDR

S&P

500

ETF

Trust

3,630,389

2,147

SPDR

S&P

Biotech

ETF

212,682

306

SPDR

S&P

Oil

&

Gas

Exploration

ETF

44,795

Total

6,750,363

Total

Registered

Investment

Companies

(cost

$340,277,644)

462,665,403

Principal

Amount

Long-Term

Fixed

Income

(

36.3%

)

Value

Asset-Backed

Securities

(0.8%)

510

Asset

Backed

Trust

$

452,980

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

b,c

450,161

720

East

CLO,

Ltd.

600,000

8.532%, 

(TSFR3M

+

3.250%),

1/20/2036,

Ser.

2022-1A,

Class

B

b,d

604,398

175,000

9.532%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

b,d

176,300

Access

Group,

Inc.

28,552

5.962%, 

(SOFR30A

+

0.614%),

2/25/2036,

Ser.

2013-1,

Class

A

b,d

28,373

AMSR

Trust

500,000

2.352%, 

6/17/2038,

Ser.

2021-SFR1,

Class

C

b

447,941

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Asset-Backed

Securities

(0.8%)

-

continued

$

325,000

2.517%, 

12/17/2038,

Ser.

2021-SFR4,

Class

C

b

$

300,840

Ares

XL

CLO,

Ltd.

450,000

8.363%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

b,d

450,097

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

144,000

5.360%, 

6/20/2030,

Ser.

2024-1A,

Class

A

b

146,177

CarVal

CLO

I,

Ltd.

400,000

7.136%, 

(TSFR3M

+

1.850%),

7/16/2031,

Ser.

2018-1A,

Class

BR

b,d

401,218

CMFT

Net

Lease

Master

Issuer,

LLC

311,254

2.090%, 

7/20/2051,

Ser.

2021-1,

Class

A1

b

272,098

Commonbond

Student

Loan

Trust

18,431

5.964%, 

(TSFR1M

+

0.614%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

b,d

18,116

Dryden

36

Senior

Loan

Fund

375,000

7.613%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

b,d

375,530

Foundation

Finance

Trust

136,028

1.270%, 

5/15/2041,

Ser.

2021-1A,

Class

A

b

125,055

FRTKL

Trust

575,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

b

530,280

GSAA

Home

Equity

Trust

886,348

4.349%, 

8/25/2034,

Ser.

2004-10,

Class

M2

d

812,652

Home

Partners

of

America

Trust

576,607

2.302%, 

12/17/2026,

Ser.

2021-2,

Class

B

b

537,088

465,225

2.078%, 

9/17/2041,

Ser.

2021-1,

Class

C

b

397,052

Hotwire

Funding,

LLC

475,000

5.893%, 

6/20/2054,

Ser.

2024-1A,

Class

A2

b

488,903

Laurel

Road

Prime

Student

Loan

Trust

158,617

5.930%, 

11/25/2043,

Ser.

2018-D,

Class

A

b,d

150,115

National

Collegiate

Trust

79,316

5.759%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

b,d

77,347

Oak

Street

Investment

368,265

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

b

347,900

Sunnova

Hestia

II

Issuer,

LLC

342,994

5.630%, 

7/20/2051,

Ser.

2024-GRID1,

Class

1A

b,e

348,085

Unlock

HEA

Trust

345,417

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

b

345,012

VCAT

Asset

Securitization,

LLC

232,342

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

b,c

229,087

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

200

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Asset-Backed

Securities

(0.8%)

-

continued

Vericrest

Opportunity

Loan

Transferee

$

122,299

4.893%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A1

b,c

$

121,921

204,158

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

b,c

193,438

101,874

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

b,c

102,041

250,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

b,c

226,958

Wind

River

CLO,

Ltd.

275,000

7.544%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

b,d

275,188

Total

8,979,371

Basic

Materials

(0.3%)

Alliance

Resource

Operating

Partners,

LP/Alliance

Resource

Finance

Corporation

29,000

8.625%, 

6/15/2029

b

30,488

ATI,

Inc.

69,000

7.250%, 

8/15/2030

72,141

Cascades,

Inc./Cascades

USA,

Inc.

90,000

5.125%, 

1/15/2026

b

88,865

Chemours

Company

152,000

5.750%, 

11/15/2028

b

142,196

Cleveland-Cliffs,

Inc.

38,000

5.875%, 

6/1/2027

37,950

80,000

4.625%, 

3/1/2029

a,b

75,800

35,000

4.875%, 

3/1/2031

b

31,944

35,000

6.250%, 

10/1/2040

30,273

Consolidated

Energy

Finance

SA

207,000

5.625%, 

10/15/2028

b

165,440

Eastman

Chemical

Company

83,000

5.000%, 

8/1/2029

83,245

First

Quantum

Minerals,

Ltd.

43,000

6.875%, 

10/15/2027

b

42,281

FMC

Corporation

135,000

5.150%, 

5/18/2026

135,163

FMG

Resources

August

2006,

Pty.

Ltd.

35,000

5.875%, 

4/15/2030

b

34,491

Glencore

Funding,

LLC

136,000

3.375%, 

9/23/2051

b

89,954

193,000

4.000%, 

3/27/2027

b

188,631

135,000

6.125%, 

10/6/2028

b

140,362

Hecla

Mining

Company

55,000

7.250%, 

2/15/2028

55,457

Hudbay

Minerals,

Inc.

58,000

4.500%, 

4/1/2026

b

56,719

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

41,000

9.000%, 

7/1/2028

b

41,134

INEOS

Finance

plc

104,000

7.500%, 

4/15/2029

b

105,865

International

Flavors

&

Fragrances,

Inc.

143,000

1.230%, 

10/1/2025

b

136,540

Mercer

International,

Inc.

41,000

5.125%, 

2/1/2029

a

34,749

Methanex

Corporation

54,000

4.250%, 

12/1/2024

53,565

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Basic

Materials

(0.3%)

-

continued

$

52,000

5.125%, 

10/15/2027

$

50,631

35,000

5.250%, 

12/15/2029

a

34,062

Mineral

Resources,

Ltd.

56,000

9.250%, 

10/1/2028

b

59,554

Mosaic

Company

128,000

5.375%, 

11/15/2028

130,451

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

50,000

5.350%, 

3/15/2034

b

51,181

Novelis

Corporation

15,000

3.250%, 

11/15/2026

b

14,271

36,000

4.750%, 

1/30/2030

b

34,015

45,000

3.875%, 

8/15/2031

b

39,532

OCI

NV

76,000

4.625%, 

10/15/2025

b

75,288

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

72,000

5.375%, 

11/1/2026

b

70,349

Smurfit

Kappa

Treasury,

ULC

133,000

5.777%, 

4/3/2054

b

135,644

SNF

Group

SACA

105,000

3.375%, 

3/15/2030

b

90,344

SunCoke

Energy,

Inc.

100,000

4.875%, 

6/30/2029

b

91,455

Taseko

Mines,

Ltd.

72,000

8.250%, 

5/1/2030

b

73,826

Tronox,

Inc.

36,000

4.625%, 

3/15/2029

a,b

32,789

United

States

Steel

Corporation

46,000

6.875%, 

3/1/2029

46,281

Total

2,902,926

Capital

Goods

(0.6%)

Advanced

Drainage

Systems,

Inc.

71,000

6.375%, 

6/15/2030

b

71,475

AECOM

71,000

5.125%, 

3/15/2027

70,148

Amsted

Industries,

Inc.

75,000

5.625%, 

7/1/2027

b

73,794

15,000

4.625%, 

5/15/2030

b

13,822

BAE

Systems

plc

200,000

5.250%, 

3/26/2031

b

203,662

Boeing

Company

303,000

5.930%, 

5/1/2060

278,681

156,000

5.040%, 

5/1/2027

154,913

81,000

6.259%, 

5/1/2027

b

82,769

90,000

6.388%, 

5/1/2031

b

93,966

325,000

5.705%, 

5/1/2040

309,777

Bombardier,

Inc.

16,000

7.875%, 

4/15/2027

b

16,024

85,000

6.000%, 

2/15/2028

b

84,756

41,000

7.250%, 

7/1/2031

b

42,208

100,000

7.000%, 

6/1/2032

a,b

102,247

Brand

Industrial

Services,

Inc.

81,000

10.375%, 

8/1/2030

b

88,948

Builders

FirstSource,

Inc.

70,000

5.000%, 

3/1/2030

b

66,974

Camelot

Return

Merger

Sub,

Inc.

52,000

8.750%, 

8/1/2028

b

51,699

Canpack

SA/Canpack

US,

LLC

145,000

3.875%, 

11/15/2029

b

130,118

Carrier

Global

Corporation

154,000

2.700%, 

2/15/2031

135,907

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

201

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Capital

Goods

(0.6%)

-

continued

Caterpillar

Financial

Services

Corporation

$

140,000

5.000%, 

5/14/2027

$

141,953

Chart

Industries,

Inc.

103,000

7.500%, 

1/1/2030

b

107,151

Clean

Harbors,

Inc.

70,000

6.375%, 

2/1/2031

b

70,793

Clydesdale

Acquisition

Holdings,

Inc.

14,000

6.625%, 

4/15/2029

b

13,948

67,000

6.875%, 

1/15/2030

b,f

66,748

Cornerstone

Building

Brands,

Inc.

18,000

9.500%, 

8/15/2029

b

18,022

Crown

Cork

&

Seal

Company,

Inc.

88,000

7.375%, 

12/15/2026

91,699

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

108,000

6.625%, 

12/15/2030

b

110,028

EquipmentShare.com,

Inc.

36,000

8.625%, 

5/15/2032

b

37,377

ESAB

Corporation

67,000

6.250%, 

4/15/2029

b

67,947

GFL

Environmental,

Inc.

72,000

4.000%, 

8/1/2028

b

67,679

145,000

3.500%, 

9/1/2028

b

134,791

H&E

Equipment

Services,

Inc.

151,000

3.875%, 

12/15/2028

b

137,974

Herc

Holdings,

Inc.

22,000

5.500%, 

7/15/2027

b

21,818

57,000

6.625%, 

6/15/2029

b

58,198

Honeywell

International,

Inc.

188,000

4.700%, 

2/1/2030

189,234

Howmet

Aerospace,

Inc.

204,000

5.950%, 

2/1/2037

214,384

Ingersoll

Rand,

Inc.

138,000

5.176%, 

6/15/2029

140,517

34,000

5.700%, 

8/14/2033

35,645

Lockheed

Martin

Corporation

120,000

5.200%, 

2/15/2064

117,882

40,000

6.150%, 

9/1/2036

44,469

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

22,000

6.750%, 

4/1/2032

b

22,321

MIWD

Holdco

II,

LLC

55,000

5.500%, 

2/1/2030

b

51,375

Mueller

Water

Products,

Inc.

58,000

4.000%, 

6/15/2029

b

54,119

Nesco

Holdings

II,

Inc.

110,000

5.500%, 

4/15/2029

b

102,381

New

Enterprise

Stone

and

Lime

Company,

Inc.

126,000

5.250%, 

7/15/2028

b

121,009

Nordson

Corporation

134,000

5.600%, 

9/15/2028

137,921

Northrop

Grumman

Corporation

300,000

3.850%, 

4/15/2045

241,729

OI

European

Group

BV

75,000

4.750%, 

2/15/2030

b

68,977

Owens-Brockway

Glass

Container,

Inc.

55,000

6.625%, 

5/13/2027

b

55,054

28,000

7.375%, 

6/1/2032

b

27,656

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Capital

Goods

(0.6%)

-

continued

Pactiv

Evergreen

Group

$

56,000

4.375%, 

10/15/2028

b

$

52,570

Regal

Rexnord

Corporation

170,000

6.050%, 

2/15/2026

171,321

Resideo

Funding,

Inc.

72,000

6.500%, 

7/15/2032

b

71,996

Reworld

Holding

Corporation

44,000

4.875%, 

12/1/2029

b

40,235

Roller

Bearing

Company

of

America,

Inc.

78,000

4.375%, 

10/15/2029

b

72,812

RTX

Corporation

44,000

6.400%, 

3/15/2054

49,436

110,000

4.125%, 

11/16/2028

107,703

200,000

4.450%, 

11/16/2038

183,061

Sealed

Air

Corporation/Sealed

Air

Corporation

(US)

55,000

6.125%, 

2/1/2028

b

55,380

Smyrna

Ready

Mix

Concrete,

LLC

97,000

8.875%, 

11/15/2031

b

104,532

Spirit

AeroSystems,

Inc.

107,000

9.750%, 

11/15/2030

b

119,251

SRM

Escrow

Issuer,

LLC

60,000

6.000%, 

11/1/2028

b

59,436

Standard

Industries,

Inc./NJ

35,000

4.750%, 

1/15/2028

b

33,532

35,000

3.375%, 

1/15/2031

b

29,942

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

28,000

7.250%, 

1/15/2031

b

29,196

Textron,

Inc.

197,000

3.375%, 

3/1/2028

187,807

Trane

Technologies

Financing,

Ltd.

82,000

5.100%, 

6/13/2034

83,437

TransDigm,

Inc.

72,000

5.500%, 

11/15/2027

71,097

117,000

7.125%, 

12/1/2031

b

121,433

100,000

6.625%, 

3/1/2032

b

102,283

Trivium

Packaging

Finance

53,000

5.500%, 

8/15/2026

b

51,912

United

Rentals

North

America,

Inc.

120,000

4.875%, 

1/15/2028

117,362

90,000

4.000%, 

7/15/2030

82,319

Veralto

Corporation

136,000

5.350%, 

9/18/2028

b

138,825

WESCO

Distribution,

Inc.

69,000

7.250%, 

6/15/2028

b

70,707

36,000

6.375%, 

3/15/2029

b

36,466

25,000

6.625%, 

3/15/2032

b

25,467

Total

7,112,205

Collateralized

Mortgage

Obligations

(1.5%)

A&D

Mortgage

Trust

386,960

6.701%, 

4/25/2069,

Ser.

2024-NQM2,

Class

A2

b,c

390,516

Alternative

Loan

Trust

117,092

6.000%, 

8/1/2036,

Ser.

2006-24CB,

Class

A9

64,792

BINOM

Securitization

Trust

222,916

2.370%, 

6/25/2056,

Ser.

2021-INV1,

Class

A2

b,d

196,019

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

202

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Collateralized

Mortgage

Obligations

(1.5%)

-

continued

CHL

Mortgage

Pass-Through

Trust

$

482,300

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

$

215,878

CHNGE

Mortgage

Trust

350,643

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

b,c

351,382

486,639

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

b,c

485,903

Citicorp

Mortgage

Securities,

Inc.

191,138

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

172,743

COLT

Mortgage

Loan

Trust

441,580

1.726%, 

11/25/2066,

Ser.

2021-5,

Class

A1

b,d

384,519

Countrywide

Alternative

Loan

Trust

125,314

4.001%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

d

102,039

382,148

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

134,319

Countrywide

Home

Loans,

Inc.

74,807

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

34,850

Credit

Suisse

Mortgage

Trust

237,897

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

b,d

237,280

267,464

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

b,d

230,402

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

34,277

6.000%, 

7/25/2024,

Ser.

2006-AR5,

Class

23A

18,607

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

960,736

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

930,341

188,694

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

g

13,891

207,285

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

g

18,762

734,225

4.500%, 

10/15/2033,

Ser.

2695,

Class

BH

730,230

650,000

2.500%, 

12/15/2048,

Ser.

5094,

Class

BC

521,246

Federal

National

Mortgage

Association

-

REMIC

750,014

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

743,617

711,726

Zero

Coupon, 

11/25/2053,

Ser.

2023-54,

Class

EO

574,960

207,639

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

g

5,980

1,254,308

5.250%, 

7/25/2039,

Ser.

2022-72,

Class

CB

1,251,587

718,427

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

708,284

Flagstar

Mortgage

Trust

245,522

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

b,d

217,040

GCAT

Trust

359,451

1.855%, 

8/25/2066,

Ser.

2021-NQM6,

Class

A1

b,d

321,793

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Collateralized

Mortgage

Obligations

(1.5%)

-

continued

GS

Mortgage-Backed

Securities

Trust

$

616,928

3.000%, 

6/25/2052,

Ser.

2022-GR1,

Class

A2

b,d

$

523,521

GSR

Mortgage

Loan

Trust

307,868

5.525%, 

9/25/2034,

Ser.

2004-11,

Class

2A2

d

294,383

HTAP

345,072

7.000%, 

4/25/2037,

Ser.

2024-1,

Class

A

b,d

341,720

J.P.

Morgan

Mortgage

Trust

449,512

2.500%, 

2/25/2052,

Ser.

2021-INV7,

Class

A2A

b,d

366,760

343,180

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

b,d

286,161

LHOME

Mortgage

Trust

350,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

b,c

356,163

250,000

6.900%, 

5/25/2029,

Ser.

2024-RTL3,

Class

A1

b,c

253,292

Mello

Mortgage

Capital

Acceptance

509,190

2.500%, 

8/25/2051,

Ser.

2021-INV2,

Class

A3

b,d

415,388

Merrill

Lynch

Alternative

Note

Asset

Trust

77,666

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

27,940

New

Residential

Mortgage

Loan

Trust

986,391

2.500%, 

9/25/2051,

Ser.

2021-INV2,

Class

A2

b,d

804,087

OBX

Trust

350,000

3.688%, 

1/25/2062,

Ser.

2022-NQM3,

Class

A1B

b,d

313,803

Palisades

Mortgage

Loan

Trust

427,728

3.487%, 

6/25/2026,

Ser.

2021-RTL1,

Class

A1

b

423,617

Preston

Ridge

Partners

Mortgage

Trust,

LLC

325,000

3.500%, 

5/25/2054,

Ser.

2024-RPL2,

Class

A2

b,c

299,571

Residential

Accredit

Loans,

Inc.

Trust

74,174

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

64,933

Residential

Asset

Securitization

Trust

409,673

5.375%, 

7/25/2035,

Ser.

2005-A8CB,

Class

A9

240,442

ROC

Securities

Trust

Series

334,698

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

b,d

333,824

Saluda

Grade

Alternative

Mortgage

Trust

525,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

b,c

531,496

450,000

7.439%, 

7/25/2030,

Ser.

2024-RTL6,

Class

A1

b,c

453,390

Sequoia

Mortgage

Trust

203,967

3.914%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

d

138,253

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

203

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Collateralized

Mortgage

Obligations

(1.5%)

-

continued

TRK

Trust

$

337,056

1.966%, 

11/25/2056,

Ser.

2021-INV2,

Class

A1

b,d

$

293,398

Vericrest

Opportunity

Loan

Transferee

146,894

5.116%, 

3/27/2051,

Ser.

2021-NPL5,

Class

A1

b,c

146,718

Verus

Securitization

Trust

202,982

2.286%, 

11/25/2066,

Ser.

2021-8,

Class

A2

b,d

177,960

Total

16,143,800

Commercial

Mortgage-Backed

Securities

(0.7%)

BANK

2022-BNK39

2,733,440

0.421%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

d,g

70,491

BANK5

2024-5YR8

275,000

6.378%, 

8/15/2057,

Ser.

2024-5YR8,

Class

AS

d,f

285,218

BBCMS

Mortgage

Trust

750,000

6.014%, 

7/15/2057,

Ser.

2024-5C27,

Class

A3

783,243

3,984,037

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

d,g

294,181

2,916,574

1.815%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

d,g

230,218

Benchmark

Mortgage

Trust

750,000

6.189%, 

7/15/2057,

Ser.

2024-V8,

Class

A3

787,395

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

975,000

5.180%, 

3/25/2029,

Ser.

K520,

Class

A2

d

1,003,263

1,000,000

3.000%, 

6/25/2032,

Ser.

K147,

Class

A2

d,e

906,623

500,000

3.500%, 

7/25/2032,

Ser.

K148,

Class

A2

d,e

468,717

500,000

3.530%, 

8/25/2032,

Ser.

K149,

Class

A2

e

469,134

1,800,000

3.800%, 

10/25/2032,

Ser.

K-151,

Class

A2

d,e

1,718,605

Morgan

Stanley

Capital

I

Trust

2,901,775

1.827%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

d,g

242,961

Total

7,260,049

Communications

Services

(0.9%)

AMC

Networks,

Inc.

18,000

10.250%, 

1/15/2029

b

17,787

American

Tower

Corporation

75,000

3.375%, 

10/15/2026

72,502

135,000

5.800%, 

11/15/2028

140,052

135,000

2.900%, 

1/15/2030

122,162

87,000

5.650%, 

3/15/2033

89,718

AT&T,

Inc.

204,000

3.650%, 

6/1/2051

147,972

301,000

3.500%, 

9/15/2053

210,440

135,000

5.400%, 

2/15/2034

137,921

200,000

4.900%, 

8/15/2037

191,645

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Communications

Services

(0.9%)

-

continued

Bell

Telephone

Company

of

Canada

$

181,000

5.550%, 

2/15/2054

$

180,644

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

160,000

5.125%, 

5/1/2027

b

155,402

78,000

5.000%, 

2/1/2028

b

74,258

57,000

5.375%, 

6/1/2029

b

53,287

10,000

6.375%, 

9/1/2029

b

9,737

115,000

4.750%, 

3/1/2030

b

102,954

141,000

4.500%, 

8/15/2030

b

123,451

54,000

4.250%, 

2/1/2031

b

45,946

107,000

4.750%, 

2/1/2032

b

91,507

89,000

4.250%, 

1/15/2034

b

70,309

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

93,000

6.150%, 

11/10/2026

94,778

203,000

4.200%, 

3/15/2028

195,178

147,000

6.100%, 

6/1/2029

150,270

360,000

3.500%, 

6/1/2041

249,569

Cimpress

plc

40,000

7.000%, 

6/15/2026

40,007

Clear

Channel

Outdoor

Holdings,

Inc.

17,000

7.875%, 

4/1/2030

b

17,301

Clear

Channel

Worldwide

Holdings,

Inc.

148,000

5.125%, 

8/15/2027

b

143,357

Comcast

Corporation

204,000

5.350%, 

5/15/2053

199,688

89,000

5.100%, 

6/1/2029

91,168

145,000

4.400%, 

8/15/2035

137,509

240,000

4.750%, 

3/1/2044

220,545

Deutsche

Telekom

International

Finance

BV

339,000

8.750%, 

6/15/2030

402,794

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

240,000

5.875%, 

8/15/2027

b

231,108

Frontier

Communications

Holdings,

LLC

124,000

5.875%, 

10/15/2027

b

122,780

50,000

8.750%, 

5/15/2030

b

52,382

35,000

8.625%, 

3/15/2031

b

36,659

GCI,

LLC

100,000

4.750%, 

10/15/2028

b

92,829

Gray

Television,

Inc.

78,000

7.000%, 

5/15/2027

a,b

75,497

100,000

10.500%, 

7/15/2029

b

104,351

Iliad

Holding

SASU

61,000

6.500%, 

10/15/2026

b

61,126

93,000

8.500%, 

4/15/2031

b

96,890

Intelsat

Jackson

Holdings

SA

92,000

6.500%, 

3/15/2030

b

87,522

Lamar

Media

Corporation

56,000

3.625%, 

1/15/2031

49,759

LCPR

Senior

Secured

Financing

DAC

141,000

6.750%, 

10/15/2027

b

131,404

Level

3

Financing,

Inc.

34,589

10.500%, 

4/15/2029

a,b

35,454

34,589

11.000%, 

11/15/2029

b

36,617

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

204

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Communications

Services

(0.9%)

-

continued

$

49,000

10.500%, 

5/15/2030

a,b

$

50,078

McGraw-Hill

Education,

Inc.

104,000

5.750%, 

8/1/2028

b

100,167

Meta

Platforms,

Inc.

102,000

5.600%, 

5/15/2053

106,341

Netflix,

Inc.

55,000

5.875%, 

11/15/2028

57,682

138,000

5.375%, 

11/15/2029

b

142,761

180,000

4.875%, 

6/15/2030

b

182,012

News

Corporation

58,000

3.875%, 

5/15/2029

b

53,697

Nexstar

Media,

Inc.

43,000

5.625%, 

7/15/2027

b

41,704

35,000

4.750%, 

11/1/2028

a,b

32,203

Omnicom

Group,

Inc.

90,000

4.200%, 

6/1/2030

87,159

Optics

Bidco

SPA

89,000

6.000%, 

9/30/2034

b

84,105

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

41,000

4.625%, 

3/15/2030

b

37,672

Paramount

Global

30,000

6.375%, 

3/30/2062

d

27,544

Playtika

Holding

Corporation

87,000

4.250%, 

3/15/2029

b

77,301

Rogers

Communications,

Inc.

166,000

5.000%, 

2/15/2029

166,546

218,000

5.300%, 

2/15/2034

218,496

Scripps

Escrow

II,

Inc.

34,000

3.875%, 

1/15/2029

b

22,119

Sinclair

Television

Group,

Inc.

32,000

4.125%, 

12/1/2030

b

22,242

Sirius

XM

Radio,

Inc.

110,000

5.000%, 

8/1/2027

b

106,440

65,000

4.000%, 

7/15/2028

b

59,654

55,000

4.125%, 

7/1/2030

b

47,805

Sprint

Capital

Corporation

335,000

8.750%, 

3/15/2032

407,333

Take-Two

Interactive

Software,

Inc.

81,000

5.600%, 

6/12/2034

82,554

TEGNA,

Inc.

36,000

4.750%, 

3/15/2026

b

35,446

110,000

4.625%, 

3/15/2028

100,918

Telecom

Italia

Capital

SA

6,000

6.000%, 

9/30/2034

5,648

T-Mobile

USA,

Inc.

340,000

3.600%, 

11/15/2060

237,071

200,000

4.850%, 

1/15/2029

200,978

210,000

4.375%, 

4/15/2040

186,205

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

109,000

4.750%, 

4/15/2028

b

94,136

Univision

Communications,

Inc.

14,000

8.000%, 

8/15/2028

b

14,069

115,000

4.500%, 

5/1/2029

b

100,448

52,000

7.375%, 

6/30/2030

b

50,065

Urban

One,

Inc.

21,000

7.375%, 

2/1/2028

b

16,028

Verizon

Communications,

Inc.

204,000

3.000%, 

11/20/2060

a

126,272

475,000

2.650%, 

11/20/2040

335,705

310,000

3.400%, 

3/22/2041

243,029

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Communications

Services

(0.9%)

-

continued

Viasat,

Inc.

$

57,000

6.500%, 

7/15/2028

a,b

$

46,403

Virgin

Media

Finance

plc

42,000

5.000%, 

7/15/2030

b

35,395

Virgin

Media

Secured

Finance

plc

88,000

5.500%, 

5/15/2029

b

81,959

VMED

O2

UK

Financing

I

plc

42,000

4.750%, 

7/15/2031

b

36,058

36,000

7.750%, 

4/15/2032

b

35,982

Vodafone

Group

plc

52,000

5.125%, 

6/4/2081

d

39,071

143,000

5.750%, 

6/28/2054

141,918

VZ

Secured

Financing

BV

140,000

5.000%, 

1/15/2032

b

122,679

Warnermedia

Holdings,

Inc.

170,000

4.054%, 

3/15/2029

157,505

136,000

5.050%, 

3/15/2042

107,288

Windstream

Escrow,

LLC/

Windstream

Escrow

Finance

Corporation

38,000

7.750%, 

8/15/2028

b

36,655

Zegona

Finance

plc

64,000

8.625%, 

7/15/2029

b

65,288

Ziggo

Bond

Company

BV

41,000

5.125%, 

2/28/2030

a,b

36,205

Ziggo

BV

38,000

4.875%, 

1/15/2030

b

34,595

Total

10,130,870

Consumer

Cyclical

(1.1%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

140,000

4.375%, 

1/15/2028

b

133,124

Adient

Global

Holdings,

Ltd.

57,000

8.250%, 

4/15/2031

a,b

59,929

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

2,000

6.625%, 

7/15/2026

b

2,003

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

170,000

4.625%, 

6/1/2028

b

156,945

Allison

Transmission,

Inc.

56,000

3.750%, 

1/30/2031

b

49,842

Amazon.com,

Inc.

200,000

3.875%, 

8/22/2037

181,288

American

Axle

&

Manufacturing,

Inc.

36,000

6.875%, 

7/1/2028

36,008

99,000

5.000%, 

10/1/2029

a

90,800

American

Honda

Finance

Corporation

187,000

5.050%, 

7/10/2031

189,359

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

19,000

7.000%, 

4/15/2030

a,b

16,114

Arko

Corporation

63,000

5.125%, 

11/15/2029

a,b

54,960

Asbury

Automotive

Group,

Inc.

61,000

5.000%, 

2/15/2032

b

56,213

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

205

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Cyclical

(1.1%)

-

continued

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

$

70,000

4.625%, 

8/1/2029

b

$

64,632

20,000

4.625%, 

4/1/2030

b

18,257

Aston

Martin

Capital

Holdings,

Ltd.

46,000

10.000%, 

3/31/2029

b

46,185

Beazer

Homes

USA,

Inc.

59,000

7.500%, 

3/15/2031

b

59,870

Boyd

Gaming

Corporation

105,000

4.750%, 

6/15/2031

b

96,719

Boyne

USA,

Inc.

57,000

4.750%, 

5/15/2029

b

53,981

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

52,000

4.875%, 

2/15/2030

b

47,670

Caesars

Entertainment,

Inc.

233,000

4.625%, 

10/15/2029

a,b

216,472

43,000

6.500%, 

2/15/2032

b

43,567

Carnival

Corporation

43,000

7.625%, 

3/1/2026

b

43,416

190,000

5.750%, 

3/1/2027

b

189,053

83,000

4.000%, 

8/1/2028

b

78,531

70,000

6.000%, 

5/1/2029

a,b

69,830

Cedar

Fair,

LP/Canada's

Wonderland

Company/Magnum

Management

Corporation/

Millennium

Operations,

LLC

17,000

5.375%, 

4/15/2027

16,953

82,000

5.250%, 

7/15/2029

79,854

Choice

Hotels

International,

Inc.

38,000

3.700%, 

12/1/2029

a

34,889

Churchill

Downs,

Inc.

70,000

4.750%, 

1/15/2028

b

67,585

41,000

6.750%, 

5/1/2031

b

41,638

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

102,000

6.750%, 

5/15/2028

b

103,869

Crocs,

Inc.

35,000

4.250%, 

3/15/2029

b

32,287

Cushman

&

Wakefield

US

Borrower,

LLC

17,000

6.750%, 

5/15/2028

b

17,034

D.R.

Horton,

Inc.

68,000

2.600%, 

10/15/2025

66,041

Daimler

Trucks

Finance

North

America,

LLC

213,000

2.000%, 

12/14/2026

b

199,628

Dana,

Inc.

35,000

5.625%, 

6/15/2028

34,110

52,000

4.250%, 

9/1/2030

45,920

52,000

4.500%, 

2/15/2032

45,433

eG

Global

Finance

plc

17,000

12.000%, 

11/30/2028

b

18,203

Expedia

Group,

Inc.

305,000

3.250%, 

2/15/2030

280,863

Ford

Motor

Credit

Company,

LLC

200,000

2.300%, 

2/10/2025

196,278

200,000

5.850%, 

5/17/2027

202,113

203,000

2.900%, 

2/10/2029

181,991

169,000

7.122%, 

11/7/2033

180,472

Forestar

Group,

Inc.

36,000

3.850%, 

5/15/2026

b

34,810

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Cyclical

(1.1%)

-

continued

Gap,

Inc.

$

25,000

3.625%, 

10/1/2029

b

$

21,852

Garrett

Motion

Holdings,

Inc./

Garrett

LX

I

SARL

68,000

7.750%, 

5/31/2032

b

69,143

General

Motors

Company

165,000

6.125%, 

10/1/2025

166,688

General

Motors

Financial

Company,

Inc.

180,000

1.500%, 

6/10/2026

168,753

65,000

5.400%, 

5/8/2027

65,729

233,000

5.800%, 

1/7/2029

239,628

112,000

5.600%, 

6/18/2031

113,322

GLP

Capital,

LP

255,000

5.750%, 

6/1/2028

258,235

GoDaddy

Operating

Company,

LLC/GD

Finance

Company,

Inc.

35,000

3.500%, 

3/1/2029

b

31,823

Goodyear

Tire

&

Rubber

Company

35,000

4.875%, 

3/15/2027

34,138

75,000

5.000%, 

7/15/2029

a

70,785

Group

1

Automotive,

Inc.

27,000

6.375%, 

1/15/2030

b

27,232

Hanesbrands,

Inc.

40,000

4.875%, 

5/15/2026

b

39,177

39,000

9.000%, 

2/15/2031

a,b

41,277

Harley-Davidson

Financial

Services,

Inc.

126,000

5.950%, 

6/11/2029

b

127,960

Hilton

Domestic

Operating

Company,

Inc.

159,000

4.875%, 

1/15/2030

153,729

17,000

4.000%, 

5/1/2031

b

15,398

101,000

3.625%, 

2/15/2032

b

88,460

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

123,000

5.000%, 

6/1/2029

b

115,690

Home

Depot,

Inc.

205,000

5.400%, 

9/15/2040

209,108

120,000

4.250%, 

4/1/2046

104,052

345,000

3.900%, 

6/15/2047

280,924

Hyundai

Capital

America

136,000

6.250%, 

11/3/2025

b

137,762

225,000

1.800%, 

1/10/2028

b

202,836

113,000

5.300%, 

6/24/2029

b

114,513

International

Game

Technology

plc

121,000

5.250%, 

1/15/2029

b

118,642

Jacobs

Entertainment,

Inc.

56,000

6.750%, 

2/15/2029

b

52,351

Jaguar

Land

Rover

Automotive

plc

41,000

5.500%, 

7/15/2029

b

40,097

KB

Home

105,000

4.800%, 

11/15/2029

100,570

L

Brands,

Inc.

150,000

6.625%, 

10/1/2030

b

151,425

30,000

6.875%, 

11/1/2035

30,395

Las

Vegas

Sands

Corporation

93,000

5.900%, 

6/1/2027

94,477

Light

&

Wonder

International,

Inc.

100,000

7.250%, 

11/15/2029

b

102,901

Live

Nation

Entertainment,

Inc.

38,000

4.750%, 

10/15/2027

a,b

36,846

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

206

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Cyclical

(1.1%)

-

continued

Lowe's

Companies,

Inc.

$

136,000

5.625%, 

4/15/2053

$

134,761

184,000

2.625%, 

4/1/2031

160,684

Macy's

Retail

Holdings,

LLC

69,000

5.875%, 

4/1/2029

a,b

67,393

35,000

6.125%, 

3/15/2032

b

33,403

40,000

4.500%, 

12/15/2034

33,962

Marriott

International,

Inc./MD

205,000

4.625%, 

6/15/2030

203,355

Mattamy

Group

Corporation

77,000

5.250%, 

12/15/2027

b

75,299

McDonald's

Corporation

282,000

4.450%, 

3/1/2047

242,634

Melco

Resorts

Finance,

Ltd.

96,000

5.375%, 

12/4/2029

b

86,327

90,000

7.625%, 

4/17/2032

b

89,548

Michaels

Companies,

Inc.

51,000

5.250%, 

5/1/2028

b

37,726

NCL

Corporation,

Ltd.

40,000

5.875%, 

3/15/2026

b

39,821

90,000

5.875%, 

2/15/2027

b

89,348

Nissan

Motor

Acceptance

Company,

LLC

207,000

1.125%, 

9/16/2024

b

205,646

Nordstrom,

Inc.

33,000

4.375%, 

4/1/2030

30,003

46,000

4.250%, 

8/1/2031

40,939

PENN

Entertainment,

Inc.

85,000

4.125%, 

7/1/2029

a,b

75,224

PetSmart,

Inc./PetSmart

Finance

Corporation

125,000

4.750%, 

2/15/2028

b

117,442

70,000

7.750%, 

2/15/2029

b

67,940

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

112,000

5.750%, 

4/15/2026

b

111,913

76,000

6.250%, 

1/15/2028

b

75,750

QVC,

Inc.

22,000

4.375%, 

9/1/2028

a

16,830

Rakuten

Group,

Inc.

52,000

11.250%, 

2/15/2027

b

56,184

60,000

9.750%, 

4/15/2029

b

63,520

Royal

Caribbean

Cruises,

Ltd.

184,000

4.250%, 

7/1/2026

b

179,206

66,000

9.250%, 

1/15/2029

b

70,548

31,000

7.250%, 

1/15/2030

b

32,491

27,000

6.000%, 

2/1/2033

b,f

27,177

Scientific

Games

Holdings,

LP/

Scientific

Games

US

FinCo,

Inc.

39,000

6.625%, 

3/1/2030

b

38,143

SeaWorld

Parks

and

Entertainment,

Inc.

84,000

5.250%, 

8/15/2029

b

80,014

Service

Corporation

International/

US

35,000

3.375%, 

8/15/2030

30,968

Six

Flags

Entertainment

Corporation

17,000

7.250%, 

5/15/2031

a,b

17,526

Six

Flags

Entertainment

Corporation/Six

Flags

Theme

Parks,

Inc.

17,000

6.625%, 

5/1/2032

b

17,456

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Cyclical

(1.1%)

-

continued

Six

Flags

Theme

Parks,

Inc.

$

25,000

7.000%, 

7/1/2025

b

$

25,010

Sonic

Automotive,

Inc.

44,000

4.875%, 

11/15/2031

b

39,294

Staples,

Inc.

71,000

10.750%, 

9/1/2029

b

68,775

Station

Casinos,

LLC

74,000

4.625%, 

12/1/2031

b

67,436

Target

Corporation

204,000

2.950%, 

1/15/2052

135,672

Tenneco,

Inc.

114,000

8.000%, 

11/17/2028

b

103,462

Toyota

Motor

Credit

Corporation

64,000

4.800%, 

1/5/2034

63,694

VICI

Properties,

LP/VICI

Note

Company,

Inc.

224,000

4.625%, 

6/15/2025

b

221,772

69,000

5.750%, 

2/1/2027

b

69,483

99,000

4.125%, 

8/15/2030

b

91,808

Victoria's

Secret

&

Company

82,000

4.625%, 

7/15/2029

a,b

68,023

Viking

Cruises,

Ltd.

177,000

5.875%, 

9/15/2027

b

175,938

Volkswagen

Group

of

America

Finance,

LLC

200,000

5.300%, 

3/22/2027

b

202,324

Wabash

National

Corporation

54,000

4.500%, 

10/15/2028

b

49,028

Walgreens

Boots

Alliance,

Inc.

61,000

3.200%, 

4/15/2030

a

50,300

26,000

4.800%, 

11/18/2044

a

19,494

Walmart,

Inc.

170,000

4.500%, 

9/9/2052

155,851

WASH

Multifamily

Acquisition,

Inc.

54,000

5.750%, 

4/15/2026

b

53,142

Wyndham

Hotels

&

Resorts,

Inc.

91,000

4.375%, 

8/15/2028

b

85,862

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

84,000

7.125%, 

2/15/2031

b

87,567

Yum!

Brands,

Inc.

110,000

4.750%, 

1/15/2030

b

106,005

ZF

North

America

Capital,

Inc.

55,000

7.125%, 

4/14/2030

b

57,092

Total

12,206,870

Consumer

Non-Cyclical

(1.1%)

1375209

B.C.,

Ltd.

35,000

9.000%, 

1/30/2028

a,b

33,182

Abbott

Laboratories

237,000

4.750%, 

11/30/2036

236,923

AbbVie,

Inc.

65,000

5.400%, 

3/15/2054

65,849

100,000

4.500%, 

5/14/2035

96,828

149,000

5.350%, 

3/15/2044

151,439

AdaptHealth,

LLC

155,000

4.625%, 

8/1/2029

b

138,359

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

110,000

4.625%, 

1/15/2027

b

107,245

117,000

3.500%, 

3/15/2029

b

106,593

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

207

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Non-Cyclical

(1.1%)

-

continued

Altria

Group,

Inc.

$

136,000

6.875%, 

11/1/2033

$

150,859

Amgen,

Inc.

200,000

4.200%, 

2/22/2052

162,048

206,000

5.600%, 

3/2/2043

207,986

Anheuser-Busch

Companies,

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

269,000

4.700%, 

2/1/2036

262,840

Anheuser-Busch

InBev

Worldwide,

Inc.

334,000

4.375%, 

4/15/2038

312,290

167,000

5.550%, 

1/23/2049

171,796

Archer-Daniels-Midland

Company

260,000

2.700%, 

9/15/2051

165,465

AstraZeneca

plc

360,000

3.000%, 

5/28/2051

249,126

B&G

Foods,

Inc.

69,000

8.000%, 

9/15/2028

b

70,356

BAT

Capital

Corporation

59,000

5.834%, 

2/20/2031

61,206

137,000

7.079%, 

8/2/2043

149,966

Bausch

+

Lomb

Corporation

21,000

8.375%, 

10/1/2028

b

21,576

Bausch

Health

Companies,

Inc.

58,000

5.500%, 

11/1/2025

b

54,323

128,000

4.875%, 

6/1/2028

a,b

98,573

Baxter

International,

Inc.

203,000

3.132%, 

12/1/2051

131,600

Becton,

Dickinson

and

Company

101,000

3.794%, 

5/20/2050

78,180

25,000

3.700%, 

6/6/2027

24,348

BellRing

Brands,

Inc.

58,000

7.000%, 

3/15/2030

b

59,770

Bristol-Myers

Squibb

Company

342,000

3.550%, 

3/15/2042

273,851

Campbell

Soup

Company

122,000

5.400%, 

3/21/2034

124,148

Cargill,

Inc.

206,000

3.125%, 

5/25/2051

b

142,132

Catalent

Pharma

Solutions,

Inc.

43,000

3.125%, 

2/15/2029

b

41,516

Central

Garden

&

Pet

Company

80,000

4.125%, 

10/15/2030

a

72,283

Charles

River

Laboratories

International,

Inc.

41,000

4.000%, 

3/15/2031

b

37,254

Cheplapharm

Arzneimittel

GmbH

10,000

5.500%, 

1/15/2028

b

9,350

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

67,000

4.625%, 

11/15/2028

b

63,934

CHS/Community

Health

Systems,

Inc.

76,000

5.625%, 

3/15/2027

b

72,774

24,000

8.000%, 

12/15/2027

b

24,015

102,000

6.000%, 

1/15/2029

b

94,702

81,000

5.250%, 

5/15/2030

b

70,638

44,000

4.750%, 

2/15/2031

b

36,190

50,000

10.875%, 

1/15/2032

b

53,749

Conagra

Brands,

Inc.

230,000

1.375%, 

11/1/2027

206,099

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Non-Cyclical

(1.1%)

-

continued

Concentra

Escrow

Issuer

Corporation

$

17,000

6.875%, 

7/15/2032

b

$

17,515

Constellation

Brands,

Inc.

169,000

3.600%, 

2/15/2028

162,448

110,000

2.875%, 

5/1/2030

99,247

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

123,000

4.750%, 

1/15/2029

b

117,687

69,000

6.625%, 

7/15/2030

b

70,851

CVS

Health

Corporation

130,000

4.780%, 

3/25/2038

119,411

429,000

6.000%, 

6/1/2044

431,212

Edgewell

Personal

Care

Company

85,000

5.500%, 

6/1/2028

b

83,324

Eli

Lilly

&

Company

102,000

4.950%, 

2/27/2063

97,259

Embecta

Corporation

32,000

6.750%, 

2/15/2030

b

28,533

Encompass

Health

Corporation

160,000

4.500%, 

2/1/2028

154,685

Endo

Finance

Holdings,

Inc.

35,000

8.500%, 

4/15/2031

a,b

36,887

Energizer

Holdings,

Inc.

91,000

4.750%, 

6/15/2028

b

86,319

Fortrea

Holdings,

Inc.

54,000

7.500%, 

7/1/2030

a,b

54,774

GE

HealthCare

Technologies,

Inc.

133,000

6.377%, 

11/22/2052

h

148,072

General

Mills,

Inc.

54,000

4.950%, 

3/29/2033

53,823

HCA,

Inc.

234,000

3.500%, 

9/1/2030

215,882

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

34,000

7.875%, 

9/1/2025

a,b

33,778

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

64,000

4.875%, 

6/1/2029

b

43,520

Imperial

Brands

Finance

plc

200,000

3.875%, 

7/26/2029

b

188,925

Jazz

Securities

DAC

26,000

4.375%, 

1/15/2029

b

24,418

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Company/JBS

Lux

Company

SARL

135,000

5.500%, 

1/15/2030

134,522

204,000

3.000%, 

5/15/2032

170,203

Johnson

&

Johnson

128,000

5.250%, 

6/1/2054

132,152

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

35,000

9.000%, 

2/15/2029

b

35,919

Keurig

Dr

Pepper,

Inc.

269,000

5.200%, 

3/15/2031

274,154

Kimberly-Clark

Corporation

220,000

3.900%, 

5/4/2047

180,485

Kraft

Heinz

Foods

Company

136,000

4.375%, 

6/1/2046

114,241

Legacy

LifePoint

Health,

LLC

41,000

4.375%, 

2/15/2027

b

39,631

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

208

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Non-Cyclical

(1.1%)

-

continued

LifePoint

Health,

Inc.

$

68,000

9.875%, 

8/15/2030

b

$

74,108

43,000

11.000%, 

10/15/2030

b

48,261

Mattel,

Inc.

170,000

5.450%, 

11/1/2041

156,276

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

79,000

6.250%, 

4/1/2029

b

80,607

Medtronic,

Inc.

204,000

4.375%, 

3/15/2035

197,161

Mozart

Debt

Merger

Sub,

Inc.

91,000

3.875%, 

4/1/2029

b

84,923

68,000

5.250%, 

10/1/2029

b

65,728

MPH

Acquisition

Holdings,

LLC

34,000

5.500%, 

9/1/2028

b

26,542

Newell

Brands,

Inc.

36,000

6.375%, 

9/15/2027

a

35,959

36,000

6.625%, 

9/15/2029

36,118

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

49,000

4.125%, 

4/30/2028

b

46,036

138,000

5.125%, 

4/30/2031

b

127,001

Owens

&

Minor,

Inc.

61,000

6.625%, 

4/1/2030

a,b

56,981

PepsiCo,

Inc.

135,000

4.200%, 

7/18/2052

116,516

Performance

Food

Group,

Inc.

52,000

4.250%, 

8/1/2029

b

48,161

Perrigo

Finance

Unlimited

Company

58,000

4.900%, 

6/15/2030

54,746

Pfizer

Investment

Enterprises,

Private

Ltd.

306,000

5.300%, 

5/19/2053

302,187

134,000

5.110%, 

5/19/2043

130,564

Philip

Morris

International,

Inc.

135,000

5.500%, 

9/7/2030

139,935

66,000

5.125%, 

2/13/2031

66,933

204,000

5.375%, 

2/15/2033

208,070

Post

Holdings,

Inc.

52,000

4.625%, 

4/15/2030

b

48,444

80,000

4.500%, 

9/15/2031

b

72,753

Primo

Water

Holdings,

Inc.

71,000

4.375%, 

4/30/2029

b

66,117

Roche

Holdings,

Inc.

138,000

4.000%, 

11/28/2044

b

119,050

Royalty

Pharma

plc

115,000

5.150%, 

9/2/2029

115,781

Scotts

Miracle-Gro

Company

38,000

4.500%, 

10/15/2029

35,349

Simmons

Foods,

Inc.

140,000

4.625%, 

3/1/2029

b

125,984

Sotera

Health

Holdings,

LLC

36,000

7.375%, 

6/1/2031

b

36,722

Spectrum

Brands,

Inc.

8,000

3.875%, 

3/15/2031

a,b

6,702

Star

Parent,

Inc.

35,000

9.000%, 

10/1/2030

b

37,350

Sysco

Corporation

205,000

6.600%, 

4/1/2040

226,053

Takeda

Pharmaceutical

Company,

Ltd.

200,000

3.175%, 

7/9/2050

135,902

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Consumer

Non-Cyclical

(1.1%)

-

continued

$

200,000

5.650%, 

7/5/2044

$

200,622

Tenet

Healthcare

Corporation

225,000

5.125%, 

11/1/2027

220,997

46,000

4.375%, 

1/15/2030

43,151

82,000

6.750%, 

5/15/2031

84,259

Teva

Pharmaceutical

Finance

Netherlands

III

BV

75,000

3.150%, 

10/1/2026

71,025

US

Acute

Care

Solutions,

LLC

35,000

9.750%, 

5/15/2029

b

34,702

Viterra

Finance

BV

169,000

3.200%, 

4/21/2031

b

149,438

Wyeth,

LLC

135,000

6.500%, 

2/1/2034

151,647

Zoetis,

Inc.

318,000

4.700%, 

2/1/2043

290,386

Total

12,416,485

Energy

(1.0%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

72,000

5.375%, 

6/15/2029

b

70,402

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

105,000

6.250%, 

4/1/2028

b

104,747

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

72,000

8.250%, 

12/31/2028

b

73,911

36,000

5.875%, 

6/30/2029

b

35,309

Baytex

Energy

Corporation

68,000

8.500%, 

4/30/2030

b

71,776

20,000

7.375%, 

3/15/2032

b

20,424

Blue

Racer

Midstream,

LLC/Blue

Racer

Finance

Corporation

57,000

7.000%, 

7/15/2029

b

58,556

Borr

IHC,

Ltd./Borr

Finance,

LLC

85,864

10.375%, 

11/15/2030

a,b

90,618

BP

Capital

Markets

America,

Inc.

356,000

2.939%, 

6/4/2051

234,179

Buckeye

Partners,

LP

49,000

4.500%, 

3/1/2028

b

46,738

70,000

6.875%, 

7/1/2029

b

71,114

California

Resources

Corporation

43,000

8.250%, 

6/15/2029

b

44,033

Canadian

Natural

Resources,

Ltd.

95,000

2.950%, 

7/15/2030

85,247

Cheniere

Energy

Partners,

LP

544,000

4.500%, 

10/1/2029

526,465

Cheniere

Energy,

Inc.

37,000

5.650%, 

4/15/2034

b

37,598

Civitas

Resources,

Inc.

51,000

8.375%, 

7/1/2028

b

53,545

24,000

8.625%, 

11/1/2030

b

25,923

92,000

8.750%, 

7/1/2031

b

98,935

CNX

Resources

Corporation

40,000

6.000%, 

1/15/2029

b

39,594

Columbia

Pipelines

Holding

Company,

LLC

134,000

6.042%, 

8/15/2028

b

139,262

Columbia

Pipelines

Operating

Company,

LLC

33,000

5.927%, 

8/15/2030

b

34,437

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

209

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Energy

(1.0%)

-

continued

Comstock

Resources,

Inc.

$

69,000

6.750%, 

3/1/2029

b

$

66,671

75,000

5.875%, 

1/15/2030

b

69,763

Continental

Resources,

Inc.

237,000

2.268%, 

11/15/2026

b

223,231

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

76,000

5.500%, 

6/15/2031

b

72,894

Crescent

Energy

Finance,

LLC

43,000

9.250%, 

2/15/2028

b

45,394

107,000

7.625%, 

4/1/2032

b

109,735

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

77,000

8.625%, 

3/15/2029

b

79,994

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

28,000

8.500%, 

10/1/2030

b

29,807

Diamondback

Energy,

Inc.

184,000

5.750%, 

4/18/2054

182,130

DT

Midstream,

Inc.

57,000

4.125%, 

6/15/2029

b

53,284

Enbridge,

Inc.

190,000

5.250%, 

4/5/2027

192,302

Enerflex,

Ltd.

56,000

9.000%, 

10/15/2027

b

57,745

Energy

Transfer,

LP

84,000

8.000%, 

5/15/2054

d

89,426

150,000

4.000%, 

10/1/2027

146,330

155,000

4.900%, 

3/15/2035

148,557

50,000

5.150%, 

2/1/2043

45,053

275,000

6.000%, 

6/15/2048

273,263

Enterprise

Products

Operating,

LLC

175,000

3.300%, 

2/15/2053

121,471

EQM

Midstream

Partners,

LP

188,000

4.750%, 

1/15/2031

b

177,508

Exxon

Mobil

Corporation

300,000

3.452%, 

4/15/2051

223,568

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

57,000

8.875%, 

4/15/2030

60,347

86,000

7.875%, 

5/15/2032

87,818

Halliburton

Company

61,000

4.850%, 

11/15/2035

59,913

136,000

5.000%, 

11/15/2045

126,509

Harvest

Midstream

I,

LP

85,000

7.500%, 

9/1/2028

b

86,985

52,000

7.500%, 

5/15/2032

b

53,501

Hess

Midstream

Operations,

LP

78,000

4.250%, 

2/15/2030

b

72,393

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

125,000

5.750%, 

2/1/2029

b

122,905

35,000

6.000%, 

4/15/2030

b

34,243

37,000

6.250%, 

4/15/2032

b

35,991

Howard

Midstream

Energy

Partners,

LLC

99,000

7.375%, 

7/15/2032

b

101,962

ITT

Holdings,

LLC

90,000

6.500%, 

8/1/2029

b

84,451

Kodiak

Gas

Services,

LLC

43,000

7.250%, 

2/15/2029

b

44,234

Kraken

Oil

&

Gas

Partners,

LLC

45,000

7.625%, 

8/15/2029

b

45,431

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Energy

(1.0%)

-

continued

Laredo

Petroleum,

Inc.

$

118,000

7.750%, 

7/31/2029

b

$

119,331

MEG

Energy

Corporation

89,000

5.875%, 

2/1/2029

b

87,891

MPLX,

LP

272,000

4.950%, 

9/1/2032

266,350

52,000

5.000%, 

3/1/2033

50,877

Nabors

Industries,

Inc.

35,000

7.375%, 

5/15/2027

b

35,642

88,000

9.125%, 

1/31/2030

b

94,011

National

Fuel

Gas

Company

244,000

5.500%, 

1/15/2026

244,754

New

Fortress

Energy,

Inc.

26,000

6.750%, 

9/15/2025

b

25,561

29,000

8.750%, 

3/15/2029

a,b

26,296

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

29,000

8.125%, 

2/15/2029

b

29,390

43,000

8.375%, 

2/15/2032

b

43,940

Noble

Finance

II,

LLC

35,000

8.000%, 

4/15/2030

b

36,756

Northern

Oil

and

Gas,

Inc.

69,000

8.750%, 

6/15/2031

b

72,723

NuStar

Logistics,

LP

70,000

6.375%, 

10/1/2030

71,441

Occidental

Petroleum

Corporation

50,000

5.000%, 

8/1/2027

50,172

340,000

7.875%, 

9/15/2031

388,749

ONEOK,

Inc.

74,000

5.000%, 

3/1/2026

73,980

Ovintiv,

Inc.

237,000

5.375%, 

1/1/2026

237,270

135,000

6.250%, 

7/15/2033

141,192

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

56,000

6.000%, 

2/15/2028

54,932

Permian

Resources

Operating,

LLC

67,000

6.250%, 

2/1/2033

b,f

67,504

Prairie

Acquiror,

LP

57,000

9.000%, 

8/1/2029

b

58,772

Precision

Drilling

Corporation

75,000

6.875%, 

1/15/2029

b

74,982

Range

Resources

Corporation

56,000

4.750%, 

2/15/2030

b

53,043

Rockies

Express

Pipeline,

LLC

90,000

4.950%, 

7/15/2029

b

86,073

Saturn

Oil

&

Gas,

Inc.

43,000

9.625%, 

6/15/2029

b

44,188

Schlumberger

Holdings

Corporation

55,000

5.000%, 

5/29/2027

b

55,409

SM

Energy

Company

50,000

6.500%, 

7/15/2028

49,882

24,000

7.000%, 

8/1/2032

b

24,260

Southwestern

Energy

Company

48,000

4.750%, 

2/1/2032

44,856

Suburban

Propane

Partners,

LP/

Suburban

Energy

Finance

Corporation

35,000

5.875%, 

3/1/2027

34,717

Suncor

Energy,

Inc.

216,000

7.150%, 

2/1/2032

241,274

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

210

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Energy

(1.0%)

-

continued

Sunoco,

LP

$

104,000

7.000%, 

5/1/2029

b

$

107,043

Sunoco,

LP/Sunoco

Finance

Corporation

54,000

5.875%, 

3/15/2028

53,793

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

126,000

5.500%, 

1/15/2028

b

121,571

52,000

7.375%, 

2/15/2029

b

52,682

Talos

Production,

Inc.

37,000

9.000%, 

2/1/2029

b

38,986

Targa

Resources

Corporation

238,000

4.200%, 

2/1/2033

218,922

Teine

Energy,

Ltd.

65,000

6.875%, 

4/15/2029

b

64,455

TGNR

Intermediate

Holdings,

LLC

73,000

5.500%, 

10/15/2029

b

69,222

Transocean,

Inc.

90,900

8.750%, 

2/15/2030

b

95,485

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

60,000

7.125%, 

3/15/2029

b

61,061

Valaris,

Ltd.

69,000

8.375%, 

4/30/2030

b

72,247

Venture

Global

Calcasieu

Pass,

LLC

97,000

3.875%, 

8/15/2029

b

89,684

55,000

4.125%, 

8/15/2031

b

49,998

Venture

Global

LNG,

Inc.

128,000

8.125%, 

6/1/2028

b

133,304

50,000

7.000%, 

1/15/2030

b

50,522

140,000

8.375%, 

6/1/2031

b

147,121

123,000

9.875%, 

2/1/2032

b

136,541

Viridien

SA

17,000

8.750%, 

4/1/2027

a,b

16,333

Western

Midstream

Operating,

LP

135,000

6.350%, 

1/15/2029

141,099

68,000

6.150%, 

4/1/2033

70,649

Williams

Companies,

Inc.

136,000

5.300%, 

8/15/2052

129,254

225,000

7.500%, 

1/15/2031

252,830

Total

10,546,642

Financials

(3.2%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

24,000

4.250%, 

2/15/2029

b

22,087

35,000

7.500%, 

11/6/2030

b

35,522

AEGON

Funding

Company,

LLC

200,000

5.500%, 

4/16/2027

b

200,819

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

151,000

6.100%, 

1/15/2027

154,663

175,000

3.875%, 

1/23/2028

168,711

150,000

3.400%, 

10/29/2033

129,488

AG

TTMT

Escrow

Issuer,

LLC

27,000

8.625%, 

9/30/2027

b

27,568

Agree,

LP

95,000

5.625%, 

6/15/2034

96,455

Air

Lease

Corporation

309,000

3.000%, 

2/1/2030

280,114

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Financials

(3.2%)

-

continued

Aircastle,

Ltd.

$

225,000

5.250%, 

8/11/2025

b

$

223,848

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

35,000

4.250%, 

10/15/2027

b

33,308

70,000

6.750%, 

4/15/2028

b

70,347

49,000

7.000%, 

1/15/2031

b

49,884

Ally

Financial,

Inc.

160,000

5.750%, 

11/20/2025

160,567

270,000

8.000%, 

11/1/2031

303,827

54,000

6.700%, 

2/14/2033

a

55,506

American

Express

Company

65,000

5.098%, 

2/16/2028

d

65,344

80,000

5.043%, 

7/26/2028

d

80,540

American

Homes

4

Rent,

LP

245,000

2.375%, 

7/15/2031

203,904

American

International

Group,

Inc.

266,000

5.125%, 

3/27/2033

268,230

AmWINS

Group,

Inc.

29,000

6.375%, 

2/15/2029

b

29,420

85,000

4.875%, 

6/30/2029

b

80,147

ANZ

Bank

New

Zealand,

Ltd.

200,000

5.548%, 

8/11/2032

b,d

201,828

Aon

North

America,

Inc.

100,000

5.750%, 

3/1/2054

100,871

Apollo

Debt

Solutions

BDC

138,000

6.700%, 

7/29/2031

b

139,625

Ares

Capital

Corporation

101,000

3.250%, 

7/15/2025

98,773

200,000

3.875%, 

1/15/2026

194,909

157,000

2.150%, 

7/15/2026

146,934

116,000

5.875%, 

3/1/2029

116,404

Arthur

J.

Gallagher

&

Company

34,000

6.750%, 

2/15/2054

38,454

50,000

5.750%, 

7/15/2054

50,101

Associated

Banc-Corp

275,000

4.250%, 

1/15/2025

272,465

Australia

&

New

Zealand

Banking

Group,

Ltd.

250,000

2.950%, 

7/22/2030

b,d

243,712

Avolon

Holdings

Funding,

Ltd.

135,000

4.250%, 

4/15/2026

b

132,449

165,000

5.750%, 

3/1/2029

b

167,959

Banco

Santander

Mexico

SA

200,000

5.375%, 

4/17/2025

b

199,330

Banco

Santander

SA

200,000

4.175%, 

3/24/2028

d

194,929

Bank

of

America

Corporation

234,000

5.080%, 

1/20/2027

d

234,142

225,000

1.734%, 

7/22/2027

d

211,202

172,000

3.824%, 

1/20/2028

d

167,615

119,000

5.202%, 

4/25/2029

d

120,453

180,000

2.087%, 

6/14/2029

d

162,710

125,000

2.496%, 

2/13/2031

d

110,367

325,000

1.922%, 

10/24/2031

d

272,346

204,000

2.972%, 

2/4/2033

d

176,868

409,000

4.571%, 

4/27/2033

d

394,936

203,000

5.872%, 

9/15/2034

d

213,036

80,000

5.468%, 

1/23/2035

d

81,803

275,000

3.846%, 

3/8/2037

d

247,461

Bank

of

Montreal

58,000

5.266%, 

12/11/2026

58,696

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

211

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Financials

(3.2%)

-

continued

Bank

of

New

York

Mellon

Corporation

$

135,000

6.317%, 

10/25/2029

d

$

143,203

Bank

of

Nova

Scotia

70,000

4.850%, 

2/1/2030

70,347

Barclays

plc

34,000

6.125%, 

12/15/2025

d,i

33,565

204,000

6.496%, 

9/13/2027

d

209,653

210,000

4.972%, 

5/16/2029

d

209,322

200,000

5.746%, 

8/9/2033

d

204,632

Belrose

Funding

Trust

260,000

2.330%, 

8/15/2030

b

217,365

Berkshire

Hathaway

Finance

Corporation

272,000

2.850%, 

10/15/2050

181,645

BlackRock

Funding,

Inc.

66,000

5.250%, 

3/14/2054

65,503

Blackstone

Private

Credit

Fund

203,000

2.700%, 

1/15/2025

200,125

130,000

6.250%, 

1/25/2031

b

132,315

Blue

Owl

Capital

Corporation

II

102,000

8.450%, 

11/15/2026

b

106,417

Blue

Owl

Credit

Income

Corporation

170,000

4.700%, 

2/8/2027

164,582

Blue

Owl

Technology

Finance

Corporation

90,000

4.750%, 

12/15/2025

b

87,764

Blue

Owl

Technology

Finance

Corporation

II

130,000

6.750%, 

4/4/2029

b

129,408

BNP

Paribas

SA

340,000

3.132%, 

1/20/2033

b,d

294,815

BPCE

SA

315,000

3.500%, 

10/23/2027

b

299,727

Burford

Capital

Global

Finance,

LLC

82,000

9.250%, 

7/1/2031

b

87,377

Camden

Property

Trust

150,000

3.150%, 

7/1/2029

139,441

Capital

One

Financial

Corporation

200,000

4.200%, 

10/29/2025

197,131

46,000

5.700%, 

2/1/2030

a,d

46,936

Castlelake

Aviation

Finance

DAC

56,000

5.000%, 

4/15/2027

b

54,549

Centene

Corporation

467,000

2.625%, 

8/1/2031

389,264

Charles

Schwab

Corporation

287,000

2.450%, 

3/3/2027

270,742

136,000

6.136%, 

8/24/2034

d

144,030

Chubb

INA

Holdings,

LLC

138,000

4.350%, 

11/3/2045

121,672

Citigroup,

Inc.

160,000

3.200%, 

10/21/2026

154,488

240,000

3.668%, 

7/24/2028

d

231,858

120,000

4.125%, 

7/25/2028

116,740

225,000

3.520%, 

10/27/2028

d

215,767

82,000

5.174%, 

2/13/2030

d

82,902

289,000

4.910%, 

5/24/2033

d

283,886

167,000

6.174%, 

5/25/2034

d

173,364

Citizens

Financial

Group,

Inc.

80,000

5.718%, 

7/23/2032

d

80,985

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Financials

(3.2%)

-

continued

CNA

Financial

Corporation

$

99,000

5.125%, 

2/15/2034

$

98,397

Comerica,

Inc.

48,000

5.982%, 

1/30/2030

d

48,121

Cooperatieve

Rabobank

UA

273,000

5.564%, 

2/28/2029

b,d

278,331

Corebridge

Financial,

Inc.

102,000

4.350%, 

4/5/2042

86,831

Credit

Acceptance

Corporation

65,000

9.250%, 

12/15/2028

b

69,365

Credit

Agricole

SA

187,000

6.875%, 

9/23/2024

b,d,i

186,852

Credit

Suisse

Group

AG

200,000

7.250%, 

N/A

*,j

22,000

Deutsche

Bank

AG/New

York,

NY

150,000

6.819%, 

11/20/2029

d

158,675

300,000

3.729%, 

1/14/2032

d

259,853

Discover

Bank

260,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

d

260,662

Diversified

Healthcare

Trust

42,000

Zero

Coupon, 

1/15/2026

b

37,142

Drawbridge

Special

Opportunities

Fund,

LP

122,000

3.875%, 

2/15/2026

b

117,290

Elevance

Health,

Inc.

250,000

3.125%, 

5/15/2050

171,734

220,000

4.625%, 

5/15/2042

199,061

EPR

Properties

105,000

4.950%, 

4/15/2028

102,778

Equitable

Holdings,

Inc.

53,000

4.572%, 

2/15/2029

b

52,165

Fairfax

Financial

Holdings,

Ltd.

127,000

6.350%, 

3/22/2054

b

130,631

Fifth

Third

Bancorp

95,000

6.339%, 

7/27/2029

d

99,010

First

Horizon

Bank

165,000

5.750%, 

5/1/2030

a

162,143

FirstCash,

Inc.

88,000

5.625%, 

1/1/2030

b

85,476

First-Citizens

Bank

&

Trust

Company

119,000

6.125%, 

3/9/2028

122,769

Five

Corners

Funding

Trust

IV

136,000

5.997%, 

2/15/2053

b

142,205

Fortress

Transportation

and

Infrastructure

Investors,

LLC

37,000

5.500%, 

5/1/2028

b

36,275

64,000

7.000%, 

5/1/2031

b

65,985

50,000

7.000%, 

6/15/2032

b

51,566

Freedom

Mortgage

Corporation

34,000

7.625%, 

5/1/2026

b

34,038

Freedom

Mortgage

Holdings,

LLC

81,000

9.250%, 

2/1/2029

b

81,580

35,000

9.125%, 

5/15/2031

b

34,431

FS

KKR

Capital

Corporation

225,000

3.400%, 

1/15/2026

216,427

GGAM

Finance,

Ltd.

68,000

7.750%, 

5/15/2026

b

69,631

36,000

8.000%, 

6/15/2028

b

38,101

29,000

6.875%, 

4/15/2029

b

29,651

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

212

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Financials

(3.2%)

-

continued

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

$

105,000

3.750%, 

12/15/2027

b

$

95,029

goeasy,

Ltd.

56,000

9.250%, 

12/1/2028

b

60,056

35,000

7.625%, 

7/1/2029

b

35,800

Goldman

Sachs

Bank

USA/New

York,

NY

193,000

5.414%, 

5/21/2027

d

194,363

Goldman

Sachs

BDC,

Inc.

86,000

6.375%, 

3/11/2027

87,919

Goldman

Sachs

Group,

Inc.

174,000

1.948%, 

10/21/2027

d

162,826

204,000

6.484%, 

10/24/2029

d

215,871

85,000

1.992%, 

1/27/2032

d

70,473

510,000

3.102%, 

2/24/2033

d

445,449

Health

Care

Service

Corporation

139,000

5.450%, 

6/15/2034

b

140,496

Healthpeak

OP,

LLC

47,000

3.400%, 

2/1/2025

46,469

Highwoods

Realty,

LP

135,000

7.650%, 

2/1/2034

148,788

HSBC

Holdings

plc

225,000

5.402%, 

8/11/2033

d

227,138

HUB

International,

Ltd.

100,000

7.250%, 

6/15/2030

b

103,138

Huntington

Bancshares,

Inc./OH

165,000

5.709%, 

2/2/2035

d

166,808

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

59,000

6.250%, 

5/15/2026

58,810

142,000

5.250%, 

5/15/2027

136,191

Intesa

Sanpaolo

SPA

43,000

4.198%, 

6/1/2032

b,d

37,229

Invitation

Homes

Operating

Partnership,

LP

170,000

2.000%, 

8/15/2031

138,084

J.P.

Morgan

Chase

&

Company

52,000

4.000%, 

4/1/2025

d,i

50,835

106,000

1.040%, 

2/4/2027

d

99,884

270,000

1.578%, 

4/22/2027

d

254,844

150,000

2.947%, 

2/24/2028

d

143,146

184,000

4.979%, 

7/22/2028

d

184,949

275,000

4.203%, 

7/23/2029

d

268,889

175,000

2.522%, 

4/22/2031

d

154,825

265,000

1.953%, 

2/4/2032

d

220,843

273,000

4.586%, 

4/26/2033

d

265,315

204,000

4.912%, 

7/25/2033

d

202,088

135,000

5.766%, 

4/22/2035

d

141,489

Jackson

National

Life

Global

Funding

150,000

5.550%, 

7/2/2027

b

152,027

Jane

Street

Group/JSG

Finance,

Inc.

56,000

4.500%, 

11/15/2029

b

53,011

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

28,000

5.000%, 

8/15/2028

b

26,005

Jefferson

Capital

Holdings,

LLC

29,000

6.000%, 

8/15/2026

b

28,794

72,000

9.500%, 

2/15/2029

b

75,541

KeyBank

NA/Cleveland,

OH

169,000

5.000%, 

1/26/2033

160,001

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Financials

(3.2%)

-

continued

KeyCorp

$

100,000

6.616%, 

(SOFRINDX

+

1.250%),

5/23/2025

d

$

100,097

Kilroy

Realty,

LP

68,000

4.250%, 

8/15/2029

63,121

58,000

6.250%, 

1/15/2036

57,145

Kite

Realty

Group,

LP

49,000

5.500%, 

3/1/2034

49,194

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

36,000

4.250%, 

2/1/2027

b

34,835

95,000

4.750%, 

6/15/2029

b

90,290

Liberty

Mutual

Group,

Inc.

20,000

4.125%, 

12/15/2051

b,d

18,720

Lloyds

Banking

Group

plc

203,000

5.871%, 

3/6/2029

d

209,072

Macquarie

Airfinance

Holdings,

Ltd.

138,000

6.400%, 

3/26/2029

b

141,629

17,000

6.500%, 

3/26/2031

b

17,643

Manufacturers

&

Traders

Trust

Company

203,000

4.700%, 

1/27/2028

199,776

Marsh

&

McLennan

Companies,

Inc.

51,000

5.450%, 

3/15/2053

51,056

136,000

5.400%, 

9/15/2033

141,598

Massachusetts

Mutual

Life

Insurance

Company

275,000

3.200%, 

12/1/2061

b

172,049

Mitsubishi

UFJ

Financial

Group,

Inc.

202,000

5.422%, 

2/22/2029

d

205,984

250,000

2.048%, 

7/17/2030

214,271

Molina

Healthcare,

Inc.

73,000

4.375%, 

6/15/2028

b

69,493

Morgan

Stanley

275,000

4.350%, 

9/8/2026

271,689

240,000

3.591%, 

7/22/2028

d

230,848

136,000

5.164%, 

4/20/2029

d

137,369

350,000

3.622%, 

4/1/2031

d

328,057

136,000

5.250%, 

4/21/2034

d

136,632

101,000

5.831%, 

4/19/2035

d

105,524

238,000

5.297%, 

4/20/2037

d

233,496

Morgan

Stanley

Direct

Lending

Fund

92,000

6.150%, 

5/17/2029

b

91,968

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

15,000

5.250%, 

8/1/2026

a

13,473

97,000

4.625%, 

8/1/2029

a

70,396

Nasdaq,

Inc.

150,000

3.250%, 

4/28/2050

103,184

Nationstar

Mortgage

Holdings,

Inc.

17,000

5.500%, 

8/15/2028

b

16,511

36,000

6.500%, 

8/1/2029

b

35,947

55,000

5.125%, 

12/15/2030

b

51,220

NatWest

Group

plc

100,000

4.445%, 

5/8/2030

d

97,535

202,000

6.475%, 

6/1/2034

d

209,431

Navient

Corporation

21,000

5.000%, 

3/15/2027

20,304

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

213

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Financials

(3.2%)

-

continued

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

$

22,000

4.500%, 

9/30/2028

b

$

20,030

New

York

Life

Global

Funding

206,000

4.550%, 

1/28/2033

b

201,489

Nomura

Holdings,

Inc.

200,000

5.783%, 

7/3/2034

205,591

Omega

Healthcare

Investors,

Inc.

292,000

3.625%, 

10/1/2029

266,905

225,000

3.375%, 

2/1/2031

198,361

OneMain

Finance

Corporation

133,000

3.500%, 

1/15/2027

125,688

168,000

3.875%, 

9/15/2028

153,471

Panther

Escrow

Issuer,

LLC

101,000

7.125%, 

6/1/2031

b

103,637

Park

Intermediate

Holdings,

LLC

98,000

4.875%, 

5/15/2029

b

92,601

PNC

Financial

Services

Group,

Inc.

67,000

6.615%, 

10/20/2027

d

69,389

190,000

5.492%, 

5/14/2030

d

194,660

272,000

4.626%, 

6/6/2033

d

259,734

PRA

Group,

Inc.

18,000

7.375%, 

9/1/2025

b

17,985

55,000

8.375%, 

2/1/2028

b

55,684

Prologis

Targeted

US

Logistics

Fund,

LP

135,000

5.250%, 

4/1/2029

b

137,181

Prologis,

LP

91,000

5.250%, 

3/15/2054

87,986

Prudential

Financial,

Inc.

258,000

5.125%, 

3/1/2052

d

242,656

Regency

Centers,

LP

190,000

4.125%, 

3/15/2028

185,615

101,000

5.250%, 

1/15/2034

101,256

Reinsurance

Group

of

America,

Inc.

138,000

5.750%, 

9/15/2034

141,160

RGA

Global

Funding

65,000

5.500%, 

1/11/2031

b

66,500

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

17,000

4.750%, 

10/15/2027

16,504

35,000

4.500%, 

2/15/2029

b

33,158

RLJ

Lodging

Trust,

LP

32,000

4.000%, 

9/15/2029

b

28,555

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

105,000

3.625%, 

3/1/2029

b

96,390

53,000

3.875%, 

3/1/2031

b

47,145

50,000

4.000%, 

10/15/2033

b

43,004

Ryan

Specialty,

LLC

18,000

4.375%, 

2/1/2030

b

16,944

Santander

Holdings

USA,

Inc.

67,000

6.499%, 

3/9/2029

d

69,183

58,000

6.174%, 

1/9/2030

d

59,665

Santander

UK

Group

Holdings

plc

360,000

1.673%, 

6/14/2027

d

337,094

Service

Properties

Trust

71,000

8.375%, 

6/15/2029

70,682

55,000

8.625%, 

11/15/2031

b

58,441

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Financials

(3.2%)

-

continued

Simon

Property

Group,

LP

$

235,000

3.800%, 

7/15/2050

$

178,292

SLM

Corporation

40,000

4.200%, 

10/29/2025

39,269

Societe

Generale

SA

132,000

4.750%, 

11/24/2025

b

130,198

Standard

Chartered

plc

200,000

5.688%, 

5/14/2028

b,d

202,717

Sumitomo

Mitsui

Financial

Group,

Inc.

120,000

3.010%, 

10/19/2026

115,353

207,000

5.710%, 

1/13/2030

215,286

250,000

1.710%, 

1/12/2031

204,444

Synchrony

Financial

68,000

5.935%, 

8/2/2030

d

68,419

36,000

7.250%, 

2/2/2033

36,819

Synovus

Bank

250,000

5.625%, 

2/15/2028

247,361

Toronto-Dominion

Bank

156,000

5.523%, 

7/17/2028

160,590

Truist

Financial

Corporation

133,000

6.047%, 

6/8/2027

d

135,205

97,000

5.125%, 

12/15/2027

d,i

91,534

170,000

5.122%, 

1/26/2034

d

166,768

85,000

5.711%, 

1/24/2035

d

86,906

U.S.

Bancorp

136,000

5.727%, 

10/21/2026

d

136,961

196,000

5.775%, 

6/12/2029

d

201,851

47,000

5.836%, 

6/12/2034

d

48,790

91,000

5.678%, 

1/23/2035

d

93,471

UBS

Group

AG

350,000

2.193%, 

6/5/2026

b,d

340,715

203,000

6.246%, 

9/22/2029

b,d

212,038

170,000

3.091%, 

5/14/2032

b,d

148,602

200,000

5.699%, 

2/8/2035

b,d

204,651

UniCredit

SPA

35,000

5.861%, 

6/19/2032

b,d

34,711

United

Wholesale

Mortgage,

LLC

95,000

5.500%, 

4/15/2029

b

91,595

UnitedHealth

Group,

Inc.

136,000

5.875%, 

2/15/2053

143,918

204,000

4.750%, 

5/15/2052

184,408

Vornado

Realty,

LP

26,000

3.400%, 

6/1/2031

21,186

Wells

Fargo

&

Company

114,000

3.000%, 

4/22/2026

110,487

163,000

3.000%, 

10/23/2026

156,851

204,000

3.526%, 

3/24/2028

d

196,877

128,000

5.707%, 

4/22/2028

d

130,498

300,000

2.393%, 

6/2/2028

d

280,127

128,000

5.574%, 

7/25/2029

d

131,073

112,000

5.389%, 

4/24/2034

d

113,303

307,000

4.900%, 

11/17/2045

276,836

Willis

North

America,

Inc.

272,000

4.650%, 

6/15/2027

270,413

XHR,

LP

38,000

4.875%, 

6/1/2029

b

35,858

Total

35,073,078

Foreign

Government

(<0.1%)

NBN

Company,

Ltd.

225,000

2.625%, 

5/5/2031

b

196,900

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

214

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Foreign

Government

(<0.1%)

-

continued

Saudi

Arabian

Oil

Company

$

123,000

5.250%, 

7/17/2034

b

$

123,613

Total

320,513

Mortgage-Backed

Securities

(11.6%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

1,890,282

2.000%, 

1/1/2052

1,543,231

917,370

2.000%, 

5/1/2051

749,063

3,405,483

2.500%, 

5/1/2051

2,897,171

1,679,149

3.500%, 

5/1/2052

1,534,981

2,018,838

4.000%, 

5/1/2052

1,908,067

773,201

5.000%, 

7/1/2053

765,854

415,197

5.500%, 

7/1/2053

417,834

1,124,380

3.500%, 

8/1/2052

1,025,533

1,102,642

5.000%, 

8/1/2053

1,096,491

2,709,435

5.500%, 

9/1/2053

2,738,138

1,188,524

3.500%, 

9/1/2047

f

1,101,908

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

1,148,300

2.500%, 

7/1/2030

1,091,348

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

1,439,688

3.000%, 

12/1/2036

1,349,200

1,160,274

3.000%, 

8/1/2038

1,092,791

1,831,028

3.500%, 

5/1/2040

1,737,868

2,140,531

2.500%, 

4/1/2042

1,880,691

499,128

2.000%, 

5/1/2042

429,133

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

4,412,111

3.000%, 

1/1/2052

3,880,988

435,851

2.000%, 

2/1/2051

355,925

684,405

2.000%, 

2/1/2051

558,900

2,343,740

2.500%, 

2/1/2051

1,991,634

2,663,806

2.500%, 

2/1/2051

2,252,912

7,390,522

2.000%, 

3/1/2051

5,970,127

724,134

2.000%, 

3/1/2051

586,903

3,199,336

4.000%, 

3/1/2051

3,043,608

415,762

2.000%, 

3/1/2052

339,336

4,606,583

3.000%, 

3/1/2052

4,031,525

4,886,829

2.000%, 

4/1/2051

3,939,557

2,733,748

3.000%, 

4/1/2051

2,408,670

2,882,112

3.000%, 

5/1/2050

2,560,795

811,419

2.000%, 

5/1/2051

658,962

2,152,841

3.000%, 

5/1/2051

1,919,581

4,580,775

2.000%, 

6/1/2050

3,734,454

1,772,489

3.000%, 

6/1/2050

1,585,999

810,537

4.000%, 

6/1/2052

760,689

508,161

5.000%, 

6/1/2053

504,541

3,962,871

2.500%, 

7/1/2051

3,391,515

1,127,967

3.500%, 

7/1/2051

1,040,750

2,204,433

4.000%, 

7/1/2052

2,068,981

886,260

2.500%, 

8/1/2050

760,605

2,363,286

3.500%, 

8/1/2050

2,180,297

2,781,446

3.500%, 

8/1/2052

2,527,137

3,653,193

4.500%, 

8/1/2052

3,532,243

1,434,291

5.000%, 

8/1/2053

1,424,070

702,333

2.500%, 

9/1/2051

597,561

818,362

3.500%, 

9/1/2052

748,718

1,820,059

3.500%, 

9/1/2052

1,665,169

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Mortgage-Backed

Securities

(11.6%)

-

continued

$

1,242,307

5.000%, 

9/1/2052

$

1,225,127

1,121,888

4.500%, 

9/1/2053

1,088,431

1,617,956

4.500%, 

9/1/2053

1,561,295

2,520,390

4.000%, 

10/1/2052

2,373,450

794,163

2.000%, 

11/1/2051

646,966

1,092,429

3.500%, 

11/1/2052

999,796

3,250,426

2.000%, 

12/1/2050

2,644,549

4,590,878

2.500%, 

12/1/2051

3,893,749

2,109,000

4.500%, 

12/1/2052

2,048,299

1,400,000

6.000%, 

8/1/2041

f

1,419,853

3,900,000

5.500%, 

8/1/2042

f

3,905,972

1,389,425

3.500%, 

12/1/2047

f

1,289,294

2,650,000

4.000%, 

8/1/2048

f

2,483,276

1,300,000

4.500%, 

8/1/2048

f

1,252,186

6,650,000

5.000%, 

8/1/2048

6,548,341

3,000,000

3.000%, 

8/1/2049

f

2,617,615

3,350,000

3.500%, 

8/1/2049

f

3,039,260

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

4,643,369

2.500%, 

3/1/2062

3,751,656

1,210,409

3.500%, 

7/1/2061

1,080,151

1,285,667

4.000%, 

12/1/2061

1,190,322

Total

129,441,042

Technology

(0.7%)

Advanced

Micro

Devices,

Inc.

136,000

4.393%, 

6/1/2052

a

120,161

Amentum

Escrow

Corporation

54,000

7.250%, 

8/1/2032

b,f

55,151

Analog

Devices,

Inc.

350,000

2.950%, 

10/1/2051

236,741

Apple,

Inc.

183,000

2.650%, 

2/8/2051

120,008

432,000

3.750%, 

9/12/2047

357,627

Block,

Inc.

122,000

6.500%, 

5/15/2032

b

123,977

Boost

Newco

Borrower,

LLC

88,000

7.500%, 

1/15/2031

b

92,688

Broadcom,

Inc.

200,000

5.050%, 

7/12/2027

201,790

86,000

3.469%, 

4/15/2034

b

75,106

272,000

3.137%, 

11/15/2035

b

224,461

200,000

3.187%, 

11/15/2036

b

163,125

125,000

4.926%, 

5/15/2037

b

120,625

Cisco

Systems,

Inc.

67,000

5.300%, 

2/26/2054

67,524

Clarivate

Science

Holdings

Corporation

38,000

3.875%, 

7/1/2028

b

35,643

Cloud

Software

Group,

Inc.

188,000

6.500%, 

3/31/2029

b

183,252

Consensus

Cloud

Solutions,

Inc.

18,000

6.000%, 

10/15/2026

b

17,636

CoreLogic,

Inc.

22,000

4.500%, 

5/1/2028

b

20,294

Dell

International,

LLC/EMC

Corporation

134,000

6.020%, 

6/15/2026

136,202

Dell,

Inc.

123,000

6.500%, 

4/15/2038

131,592

Dye

&

Durham,

Ltd.

54,000

8.625%, 

4/15/2029

b

55,256

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

215

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Technology

(0.7%)

-

continued

Fiserv,

Inc.

$

77,000

2.250%, 

6/1/2027

$

72,013

139,000

2.650%, 

6/1/2030

124,113

134,000

5.350%, 

3/15/2031

137,540

119,000

5.600%, 

3/2/2033

123,153

Gen

Digital,

Inc.

3,000

6.750%, 

9/30/2027

b

3,051

43,000

7.125%, 

9/30/2030

a,b

44,454

Global

Payments,

Inc.

131,000

5.950%, 

8/15/2052

129,139

204,000

5.300%, 

8/15/2029

206,135

II-VI,

Inc.

33,000

5.000%, 

12/15/2029

a,b

31,479

Intel

Corporation

133,000

5.600%, 

2/21/2054

132,186

Iron

Mountain,

Inc.

125,000

4.875%, 

9/15/2027

b

122,057

55,000

5.000%, 

7/15/2028

b

53,317

10,000

4.875%, 

9/15/2029

b

9,554

80,000

5.250%, 

7/15/2030

b

76,993

106,000

4.500%, 

2/15/2031

b

97,427

KLA

Corporation

204,000

3.300%, 

3/1/2050

147,771

Marvell

Technology,

Inc.

34,000

5.950%, 

9/15/2033

35,723

Mastercard,

Inc.

140,000

3.950%, 

2/26/2048

116,798

Microchip

Technology,

Inc.

29,000

5.050%, 

3/15/2029

29,323

Micron

Technology,

Inc.

73,000

5.300%, 

1/15/2031

74,296

Microsoft

Corporation

89,000

3.041%, 

3/17/2062

60,877

226,000

2.500%, 

9/15/2050

145,622

201,000

3.700%, 

8/8/2046

170,090

NCR

Atleos

Corporation

29,000

9.500%, 

4/1/2029

b

31,680

NCR

Voyix

Corporation

52,000

5.000%, 

10/1/2028

b

49,724

105,000

5.125%, 

4/15/2029

b

100,315

Neptune

Bidco

US,

Inc.

73,000

9.290%, 

4/15/2029

b

71,494

Newfold

Digital

Holdings

Group,

Inc.

22,000

11.750%, 

10/15/2028

b

22,231

NXP

BV/NXP

Funding,

LLC

110,000

5.550%, 

12/1/2028

112,960

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

80,000

4.300%, 

6/18/2029

78,201

180,000

3.250%, 

5/11/2041

134,498

Open

Text

Corporation

71,000

3.875%, 

12/1/2029

b

64,449

Open

Text

Holdings,

Inc.

115,000

4.125%, 

2/15/2030

b

104,891

Oracle

Corporation

136,000

6.900%, 

11/9/2052

156,040

225,000

3.850%, 

7/15/2036

194,788

408,000

4.000%, 

7/15/2046

321,256

PayPal

Holdings,

Inc.

112,000

5.500%, 

6/1/2054

111,693

Pitney

Bowes,

Inc.

18,000

6.875%, 

3/15/2027

a,b

17,802

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Technology

(0.7%)

-

continued

PTC,

Inc.

$

70,000

4.000%, 

2/15/2028

b

$

66,299

RingCentral,

Inc.

70,000

8.500%, 

8/15/2030

a,b

73,546

Rocket

Software,

Inc.

43,000

9.000%, 

11/28/2028

b

44,258

Roper

Technologies,

Inc.

165,000

1.750%, 

2/15/2031

136,025

Seagate

HDD

Cayman

79,925

9.625%, 

12/1/2032

91,528

Sensata

Technologies,

Inc.

20,000

3.750%, 

2/15/2031

b

17,665

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

30,000

4.625%, 

11/1/2026

b

29,278

SS&C

Technologies,

Inc.

102,000

5.500%, 

9/30/2027

b

101,040

Texas

Instruments,

Inc.

136,000

5.050%, 

5/18/2063

130,326

UKG,

Inc.

72,000

6.875%, 

2/1/2031

b

74,004

Verisk

Analytics,

Inc.

96,000

5.250%, 

6/5/2034

96,911

Viavi

Solutions,

Inc.

78,000

3.750%, 

10/1/2029

b

67,644

Visa,

Inc.

280,000

2.700%, 

4/15/2040

210,035

VMware,

LLC

108,000

4.650%, 

5/15/2027

107,486

200,000

2.200%, 

8/15/2031

167,040

Xerox

Holdings

Corporation

9,000

5.000%, 

8/15/2025

b

8,844

137,000

5.500%, 

8/15/2028

b

116,233

Total

7,792,154

Transportation

(0.2%)

Air

Canada

70,000

3.875%, 

8/15/2026

b

67,329

American

Airlines

Group,

Inc.

24,000

3.750%, 

3/1/2025

a,b

23,608

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

168,000

5.500%, 

4/20/2026

b

166,875

34,575

5.750%, 

4/20/2029

b

33,787

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

44,000

5.375%, 

3/1/2029

a,b

40,272

Burlington

Northern

Santa

Fe,

LLC

168,000

2.875%, 

6/15/2052

109,940

130,000

5.750%, 

5/1/2040

136,473

136,000

4.450%, 

3/15/2043

122,565

Canadian

Pacific

Railway

Company

136,000

4.700%, 

5/1/2048

120,347

CSX

Corporation

165,000

3.800%, 

4/15/2050

129,906

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

285,000

4.750%, 

10/20/2028

b

282,145

ERAC

USA

Finance,

LLC

136,000

5.400%, 

5/1/2053

b

134,856

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

216

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Transportation

(0.2%)

-

continued

Hawaiian

Brand

Intellectual

Property,

Ltd./HawaiianMiles

Loyalty,

Ltd.

$

32,175

11.000%, 

4/15/2029

b

$

30,679

Mileage

Plus

Holdings,

LLC

204,000

6.500%, 

6/20/2027

b

205,812

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

127,000

5.750%, 

5/24/2026

b

128,270

Rand

Parent,

LLC

72,000

8.500%, 

2/15/2030

a,b

71,198

RXO,

Inc.

84,000

7.500%, 

11/15/2027

b

86,310

Southwest

Airlines

Company

189,000

2.625%, 

2/10/2030

167,337

Stena

International

SA

57,000

7.250%, 

1/15/2031

b

58,309

Union

Pacific

Corporation

272,000

2.973%, 

9/16/2062

167,461

United

Airlines,

Inc.

77,000

4.375%, 

4/15/2026

b

75,074

35,000

4.625%, 

4/15/2029

b

33,076

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

20,000

7.875%, 

5/1/2027

b

18,104

74,000

6.375%, 

2/1/2030

a,b

58,947

Total

2,468,680

U.S.

Government

&

Agencies

(11.9%)

U.S.

Treasury

Bonds

1,003,000

3.625%, 

5/15/2053

881,386

4,000,000

1.625%, 

11/15/2050

2,265,312

2,300,000

4.750%, 

11/15/2053

2,454,891

2,190,000

5.250%, 

11/15/2028

2,304,462

550,000

4.375%, 

5/15/2040

559,518

7,335,000

1.375%, 

11/15/2040

4,807,004

2,000,000

3.000%, 

5/15/2042

1,657,500

4,999,000

2.500%, 

5/15/2046

3,633,258

7,300,000

2.875%, 

5/15/2049

5,567,676

U.S.

Treasury

Notes

2,950,000

1.250%, 

8/31/2024

2,939,312

2,540,000

2.250%, 

11/15/2024

2,517,993

1,090,000

2.125%, 

11/30/2024

1,078,930

950,000

1.375%, 

1/31/2025

932,870

9,700,000

3.875%, 

3/31/2025

9,632,251

5,000,000

0.250%, 

8/31/2025

4,766,797

5,900,000

5.000%, 

8/31/2025

5,916,363

2,500,000

4.250%, 

12/31/2025

2,490,723

7,440,000

2.625%, 

1/31/2026

7,242,084

3,610,000

0.500%, 

2/28/2026

3,394,810

9,300,000

2.500%, 

2/28/2026

9,025,723

20,100,000

4.625%, 

2/28/2026

20,151,820

4,200,000

0.500%, 

4/30/2027

3,811,008

2,285,000

2.250%, 

11/15/2027

2,159,682

4,700,000

3.875%, 

12/31/2027

4,678,887

1,700,000

0.750%, 

1/31/2028

1,520,437

3,400,000

3.500%, 

1/31/2028

3,343,023

3,200,000

3.625%, 

3/31/2028

3,159,375

5,450,000

2.875%, 

5/15/2028

5,234,342

1,800,000

3.750%, 

12/31/2028

1,785,023

5,095,000

1.375%, 

11/15/2031

4,259,500

5,025,000

4.125%, 

11/15/2032

5,063,473

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

U.S.

Government

&

Agencies

(11.9%)

-

continued

$

3,300,000

4.500%, 

11/15/2033

$

3,413,437

Total

132,648,870

Utilities

(0.7%)

AES

Corporation

271,000

3.950%, 

7/15/2030

b

251,716

Ameren

Illinois

Company

150,000

4.500%, 

3/15/2049

131,109

American

Electric

Power

Company,

Inc.

132,000

5.200%, 

1/15/2029

133,732

119,000

5.625%, 

3/1/2033

122,058

American

Water

Capital

Corporation

133,000

5.450%, 

3/1/2054

131,957

Appalachian

Power

Company

85,000

3.300%, 

6/1/2027

81,426

Atmos

Energy

Corporation

102,000

5.900%, 

11/15/2033

108,833

Berkshire

Hathaway

Energy

Company

228,000

4.500%, 

2/1/2045

205,963

Calpine

Corporation

78,000

4.500%, 

2/15/2028

b

74,720

CenterPoint

Energy

Resources

Corporation

250,000

1.750%, 

10/1/2030

208,635

CenterPoint

Energy,

Inc.

42,000

4.250%, 

11/1/2028

40,627

Commonwealth

Edison

Company

205,000

3.700%, 

3/1/2045

161,851

Consolidated

Edison

Company

of

New

York,

Inc.

69,000

4.500%, 

12/1/2045

60,142

325,000

4.125%, 

5/15/2049

263,839

Constellation

Energy

Generation,

LLC

68,000

6.125%, 

1/15/2034

72,554

Consumers

Energy

Company

175,000

4.350%, 

4/15/2049

151,866

Dominion

Energy,

Inc.

17,000

6.875%, 

2/1/2055

d

17,647

17,000

7.000%, 

6/1/2054

d

17,853

DTE

Electric

Company

115,000

3.700%, 

3/15/2045

91,550

145,000

3.700%, 

6/1/2046

113,136

Duke

Energy

Carolinas,

LLC

215,000

3.700%, 

12/1/2047

163,534

Duke

Energy

Corporation

194,000

5.450%, 

6/15/2034

196,923

Duke

Energy

Indiana,

LLC

185,000

3.750%, 

5/15/2046

143,926

Edison

International

193,000

5.750%, 

6/15/2027

196,673

Enel

Finance

International

NV

200,000

5.125%, 

6/26/2029

b

200,939

Eversource

Energy

169,000

4.750%, 

5/15/2026

168,255

Exelon

Corporation

200,000

4.700%, 

4/15/2050

174,616

263,000

4.450%, 

4/15/2046

224,417

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

217

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Utilities

(0.7%)

-

continued

FirstEnergy

Corporation

$

170,000

4.850%, 

7/15/2047

$

149,426

Georgia

Power

Company

116,000

4.950%, 

5/17/2033

116,013

67,000

5.250%, 

3/15/2034

68,443

ITC

Holdings

Corporation

80,000

5.300%, 

7/1/2043

75,769

Jersey

Central

Power

&

Light

Company

150,000

2.750%, 

3/1/2032

b

127,480

MidAmerican

Energy

Company

154,000

5.850%, 

9/15/2054

162,186

National

Rural

Utilities

Cooperative

Finance

Corporation

84,000

3.700%, 

3/15/2029

80,791

NextEra

Energy

Operating

Partners,

LP

131,000

3.875%, 

10/15/2026

b

125,715

NiSource,

Inc.

255,000

5.650%, 

2/1/2045

253,409

NRG

Energy,

Inc.

29,000

3.375%, 

2/15/2029

b

26,100

40,000

5.250%, 

6/15/2029

b

38,894

Pacific

Gas

and

Electric

Company

175,000

3.300%, 

12/1/2027

165,539

135,000

5.550%, 

5/15/2029

137,892

126,000

4.550%, 

7/1/2030

121,937

135,000

6.950%, 

3/15/2034

148,930

66,000

5.800%, 

5/15/2034

67,294

PG&E

Corporation

94,000

5.000%, 

7/1/2028

91,688

PPL

Electric

Utilities

Corporation

132,000

3.950%, 

6/1/2047

107,891

Public

Service

Company

of

Colorado

171,000

4.500%, 

6/1/2052

143,472

Public

Service

Enterprise

Group,

Inc.

135,000

5.875%, 

10/15/2028

140,356

San

Diego

Gas

&

Electric

Company

270,000

4.150%, 

5/15/2048

223,646

Southern

California

Edison

Company

175,000

4.000%, 

4/1/2047

138,776

Southern

Company

272,000

5.113%, 

8/1/2027

274,157

Southern

Company

Gas

Capital

Corporation

145,000

4.400%, 

5/30/2047

121,471

Southwestern

Electric

Power

Company

136,000

3.900%, 

4/1/2045

103,886

Talen

Energy

Supply,

LLC

66,000

8.625%, 

6/1/2030

b

71,124

TerraForm

Power

Operating,

LLC

155,000

5.000%, 

1/31/2028

b

149,368

Virginia

Electric

and

Power

Company

48,000

5.350%, 

1/15/2054

46,886

125,000

4.600%, 

12/1/2048

108,512

Vistra

Corporation

35,000

8.000%, 

10/15/2026

b,d,i

35,827

87,000

7.000%, 

12/15/2026

b,d,i

87,500

Principal

Amount

Long-Term

Fixed

Income

(36.3%)

Value

Utilities

(0.7%)

-

continued

Vistra

Operations

Company,

LLC

$

190,000

5.125%, 

5/13/2025

b

$

189,046

217,000

5.000%, 

7/31/2027

b

212,474

Xcel

Energy,

Inc.

102,000

4.600%, 

6/1/2032

98,281

Total

8,120,676

Total

Long-Term

Fixed

Income

(cost

$424,771,270)

403,564,231

Shares

Common

Stock

(

11.0%

)

Value

Communications

Services

(0.6%)

7,760

Alphabet,

Inc.,

Class

A

1,331,150

8,697

Alphabet,

Inc.,

Class

C

1,505,885

3,764

Altice

USA,

Inc.

k

7,867

1,567

AMC

Networks,

Inc.

a,k

17,441

925

Bandwidth,

Inc.

k

21,108

12,852

Cargurus,

Inc.

k

318,987

69

Charter

Communications,

Inc.

k

26,201

2,727

Cogent

Communications

Holdings

192,499

2,929

Comcast

Corporation

120,880

5,135

E.W.

Scripps

Company

k

19,308

508

Electronic

Arts,

Inc.

76,677

1,479

Emerald

Holding,

Inc.

k

8,386

499

Entravision

Communications

Corporation

1,093

2,714

iHeartMedia,

Inc.

k

4,831

766

Imax

Corporation

k

16,162

3,915

Integral

Ad

Science

Holding

Corporation

k

39,855

1,238

Iridium

Communications,

Inc.

35,531

616

Liberty

Global,

Ltd.,

Class

A

k

12,006

1,458

Liberty

Latin

America,

Ltd.,

Class

A

k

15,280

263

Liberty

Media

Corporation-Liberty

Live

Group

k

10,262

1,772

Magnite,

Inc.

k

25,765

3,440

Meta

Platforms,

Inc.

1,633,415

502

Netflix,

Inc.

k

315,432

1,126

New

York

Times

Company

60,342

180

Omnicom

Group,

Inc.

17,647

2,131

Paramount

Global

a

24,336

5,846

Pinterest,

Inc.

k

186,780

11,059

QuinStreet,

Inc.

k

206,803

744

Roku,

Inc.

k

43,308

486

Sinclair,

Inc.

7,475

1,321

Sirius

XM

Holdings,

Inc.

a

4,557

431

TechTarget,

Inc.

k

13,792

994

Telephone

and

Data

Systems,

Inc.

21,073

2,656

Trade

Desk,

Inc.

k

238,721

4,346

Verizon

Communications,

Inc.

176,100

Total

6,756,955

Consumer

Discretionary

(1.1%)

26

Adient

plc

k

670

13,116

Amazon.com,

Inc.

k

2,452,430

2,052

American

Axle

&

Manufacturing

Holdings,

Inc.

k

15,246

2,606

American

Eagle

Outfitters,

Inc.

57,462

488

Aptiv

plc

k

33,862

1,143

Autoliv,

Inc.

115,603

101

Beazer

Homes

USA,

Inc.

k

3,401

614

Best

Buy

Company,

Inc.

53,123

2,007

Boot

Barn

Holdings,

Inc.

k

267,894

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

218

Shares

Common

Stock

(11.0%)

Value

Consumer

Discretionary

(1.1%)

-

continued

885

BorgWarner,

Inc.

$

31,249

1,414

Brunswick

Corporation

115,170

255

Carvana

Company

k

33,974

37

Cavco

Industries,

Inc.

k

15,341

222

Chewy,

Inc.

k

5,368

4,342

Chipotle

Mexican

Grill,

Inc.

k

235,857

1,924

Columbia

Sportswear

Company

157,191

6,846

Cooper-Standard

Holdings,

Inc.

k

101,184

612

Crocs,

Inc.

k

82,234

2,665

Dana,

Inc.

33,872

58

Darden

Restaurants,

Inc.

8,485

213

Deckers

Outdoor

Corporation

k

196,520

118

DoorDash,

Inc.

k

13,065

11

Dorman

Products,

Inc.

k

1,115

2,832

DraftKings,

Inc.

k

104,642

1,661

eBay,

Inc.

92,368

112

El

Pollo

Loco

Holdings,

Inc.

k

1,351

345

Etsy,

Inc.

k

22,473

1,534

Everi

Holdings,

Inc.

k

19,743

478

Expedia

Group,

Inc.

k

61,026

33

Fox

Factory

Holding

Corporation

k

1,762

69

Frontdoor,

Inc.

k

2,723

2,595

Gap,

Inc.

60,931

544

Garmin,

Ltd.

93,160

3,662

Gentex

Corporation

113,742

344

Genuine

Parts

Company

50,606

994

Goodyear

Tire

&

Rubber

Company

k

11,630

1,581

Grand

Canyon

Education,

Inc.

k

246,557

290

Group

1

Automotive,

Inc.

106,059

628

H&R

Block,

Inc.

36,386

3,899

Hanesbrands,

Inc.

k

23,160

183

Harley-Davidson,

Inc.

6,862

562

Hasbro,

Inc.

36,227

4,263

Hilton

Worldwide

Holdings,

Inc.

915,138

786

Home

Depot,

Inc.

289,374

459

Installed

Building

Products,

Inc.

124,091

16

KB

Home

1,377

933

Kohl's

Corporation

20,209

3,807

Laureate

Education,

Inc.

59,009

314

Lear

Corporation

38,321

502

Leggett

&

Platt,

Inc.

6,611

150

Lennar

Corporation

26,540

63

Light

&

Wonder,

Inc.

k

6,754

2,152

LKQ

Corporation

89,308

711

Lululemon

Athletica,

Inc.

k

183,907

65

M/I

Homes,

Inc.

k

10,844

2,179

McDonald's

Corporation

578,307

442

Meritage

Homes

Corporation

89,669

2,215

Mobileye

Global,

Inc.

k

46,515

1,076

Modine

Manufacturing

Company

k

126,602

574

Mohawk

Industries,

Inc.

k

92,454

884

Nordstrom,

Inc.

20,182

50

NVR,

Inc.

k

430,374

72

OneSpaWorld

Holdings,

Ltd.

k

1,158

468

O'Reilly

Automotive,

Inc.

k

527,127

845

Patrick

Industries,

Inc.

108,211

584

Pool

Corporation

218,439

8,686

Qurate

Retail,

Inc.

k

6,225

85

Ralph

Lauren

Corporation

14,925

2,132

Ross

Stores,

Inc.

305,366

5,329

Savers

Value

Village,

Inc.

k

54,303

245

Service

Corporation

International/

US

19,578

7,712

SharkNinja,

Inc.

592,667

Shares

Common

Stock

(11.0%)

Value

Consumer

Discretionary

(1.1%)

-

continued

6,164

Skyline

Champion

Corporation

k

$

502,428

218

Starbucks

Corporation

16,993

454

Steven

Madden,

Ltd.

20,584

849

Stitch

Fix,

Inc.

k

3,999

11,487

Stoneridge,

Inc.

k

193,096

301

Strategic

Education,

Inc.

31,725

2,571

Tesla,

Inc.

k

596,652

1,865

Texas

Roadhouse,

Inc.

325,648

6,757

ThredUp,

Inc.

k

14,190

63

TopBuild

Corporation

k

30,148

1,678

Travel

+

Leisure

Company

77,339

56

Ulta

Beauty,

Inc.

k

20,434

681

Upbound

Group,

Inc.

25,694

974

Urban

Outfitters,

Inc.

k

44,853

2,589

VF

Corporation

43,909

13

Visteon

Corporation

k

1,502

5

Wingstop,

Inc.

1,869

4,916

Wyndham

Hotels

&

Resorts,

Inc.

372,240

Total

12,448,612

Consumer

Staples

(0.4%)

7,026

Altria

Group,

Inc.

344,344

639

BellRing

Brands,

Inc.

k

32,768

2,812

BJ's

Wholesale

Club

Holdings,

Inc.

k

247,343

127

Casey's

General

Stores,

Inc.

49,256

3,372

Celsius

Holdings,

Inc.

k

157,911

8,116

Coca-Cola

Company

541,662

777

Colgate-Palmolive

Company

77,071

299

Costco

Wholesale

Corporation

245,778

40

Dollar

Tree,

Inc.

k

4,174

1,004

e.l.f.

Beauty,

Inc.

k

173,270

2,818

J

&

J

Snack

Foods

Corporation

475,397

1,807

John

B.

Sanfilippo

&

Son,

Inc.

189,500

2,154

Kenvue,

Inc.

39,827

1,125

Keurig

Dr

Pepper,

Inc.

38,565

542

Kroger

Company

29,539

2,403

Lancaster

Colony

Corporation

463,923

54

McCormick

&

Company,

Inc.

4,158

4,504

Philip

Morris

International,

Inc.

518,681

3,271

Pilgrim's

Pride

Corporation

k

134,863

76

PriceSmart,

Inc.

6,941

2,476

Procter

&

Gamble

Company

398,042

814

Sysco

Corporation

62,393

3,262

Turning

Point

Brands,

Inc.

123,043

2,623

Tyson

Foods,

Inc.

159,741

507

US

Foods

Holding

Corporation

k

27,576

1,361

Walgreens

Boots

Alliance,

Inc.

16,155

4,210

Walmart,

Inc.

288,974

Total

4,850,895

Energy

(0.3%)

5,787

Archrock,

Inc.

119,965

2,403

Baker

Hughes

Company

93,044

325

California

Resources

Corporation

16,718

2,726

Chesapeake

Energy

Corporation

208,076

166

Chevron

Corporation

26,638

1,133

Civitas

Resources,

Inc.

79,038

1,338

Delek

US

Holdings,

Inc.

31,818

8,722

Devon

Energy

Corporation

410,196

4,733

EOG

Resources,

Inc.

600,144

1,359

Expro

Group

Holdings

NV

k

31,556

2,956

Exxon

Mobil

Corporation

350,552

319

Gulfport

Energy

Corporation

k

46,960

2,371

Halliburton

Company

82,226

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

219

Shares

Common

Stock

(11.0%)

Value

Energy

(0.3%)

-

continued

1,130

Hess

Midstream,

LP

$

42,352

126

International

Seaways,

Inc.

7,056

526

Kodiak

Gas

Services,

Inc.

15,175

5,193

Matador

Resources

Company

319,266

666

Noble

Corporation

plc

31,449

10,685

NOV,

Inc.

222,462

1,006

Ovintiv,

Inc.

46,719

1,105

Par

Pacific

Holdings,

Inc.

k

29,338

477

Phillips

66

69,394

480

ProPetro

Holding

Corporation

k

4,603

2,667

Schlumberger

NV

128,789

1,696

SM

Energy

Company

78,355

19,085

TechnipFMC

plc

563,007

939

Viper

Energy,

Inc.

40,067

1,664

Williams

Companies,

Inc.

71,452

Total

3,766,415

Financials

(1.7%)

375

Allstate

Corporation

64,170

8,095

Ally

Financial,

Inc.

364,356

681

Amalgamated

Financial

Corporation

21,663

196

American

Express

Company

49,596

278

Ameriprise

Financial,

Inc.

119,559

133

Ameris

Bancorp

8,098

1,660

Annaly

Capital

Management,

Inc.

33,051

1,247

Arch

Capital

Group,

Ltd.

k

119,438

706

Arthur

J.

Gallagher

&

Company

200,144

835

Artisan

Partners

Asset

Management,

Inc.

36,874

568

Associated

Banc-Corp

13,053

247

Assurant,

Inc.

43,193

307

Assured

Guaranty,

Ltd.

25,288

171

Atlantic

Union

Bankshares

Corporation

7,061

118

Axis

Capital

Holdings,

Ltd.

8,939

437

Axos

Financial,

Inc.

k

31,905

249

Bancorp,

Inc.

k

12,908

6,072

Bank

of

America

Corporation

244,762

37

Bank

of

Hawaii

Corporation

2,538

492

Bank

of

Marin

Bancorp

9,993

3,176

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

121,768

1,331

Bank

of

New

York

Mellon

Corporation

86,608

2,236

Bank

OZK

104,846

329

BankFinancial

Corporation

3,856

83

BankUnited,

Inc.

3,197

47

Banner

Corporation

2,783

201

Bar

Harbor

Bankshares

6,424

106

BayCom

Corporation

2,554

618

BCB

Bancorp,

Inc.

7,836

1,339

Berkshire

Hathaway,

Inc.

k

587,152

638

Berkshire

Hills

Bancorp,

Inc.

17,609

340

Block,

Inc.

k

21,039

4,887

Blue

Owl

Capital,

Inc.

93,195

32

BOK

Financial

Corporation

3,291

7,430

Bridgewater

Bancshares,

Inc.

k

102,608

511

Brighthouse

Financial,

Inc.

k

25,484

333

BrightSpire

Capital,

Inc.

1,908

3,737

Brookline

Bancorp,

Inc.

39,201

2,747

Brown

&

Brown,

Inc.

273,134

648

Business

First

Bancshares,

Inc.

16,472

525

Byline

Bancorp,

Inc.

14,726

578

Cadence

Bank

18,999

73

Camden

National

Corporation

3,043

Shares

Common

Stock

(11.0%)

Value

Financials

(1.7%)

-

continued

38

Capital

City

Bank

Group,

Inc.

$

1,349

1,500

Capitol

Federal

Financial,

Inc.

9,480

1,816

Carlyle

Group,

Inc.

90,328

770

Cathay

General

Bancorp

34,126

1,400

Cboe

Global

Markets,

Inc.

256,914

2,617

Central

Pacific

Financial

Corporation

68,278

1,771

Chubb,

Ltd.

488,194

463

Cincinnati

Financial

Corporation

60,477

1,238

Citigroup,

Inc.

80,321

187

Citizens

Financial

Group,

Inc.

7,979

488

CNB

Financial

Corporation

12,522

871

CNO

Financial

Group,

Inc.

30,363

4,181

Columbia

Banking

System,

Inc.

109,375

496

Comerica,

Inc.

27,186

449

Commerce

Bancshares,

Inc.

29,055

65

Community

Financial

System,

Inc.

4,009

1,268

Community

Trust

Bancorp,

Inc.

64,313

744

ConnectOne

Bancorp,

Inc.

18,020

201

Cullen/Frost

Bankers,

Inc.

23,529

341

Customers

Bancorp,

Inc.

k

21,988

130

CVB

Financial

Corporation

2,478

709

Dime

Community

Bancshares,

Inc.

17,924

180

Discover

Financial

Services

25,918

721

Eagle

Bancorp,

Inc.

15,516

612

East

West

Bancorp,

Inc.

53,789

1,697

Ellington

Credit

Company

11,913

146

Employers

Holdings,

Inc.

7,009

345

Enova

International,

Inc.

k

29,832

47

Enterprise

Bancorp,

Inc./MA

1,389

1,336

Enterprise

Financial

Services

Corporation

70,634

258

Equity

Bancshares,

Inc.

10,449

10,717

F.N.B.

Corporation

164,399

92

FactSet

Research

Systems,

Inc.

38,004

2,903

Federated

Hermes,

Inc.

99,660

424

Fidelity

National

Information

Services,

Inc.

32,576

348

Fifth

Third

Bancorp

14,734

865

Financial

Institutions,

Inc.

22,767

301

First

Bancorp/Puerto

Rico

6,456

783

First

Bancshares,

Inc.

26,090

10

First

Citizens

BancShares,

Inc./NC

20,877

180

First

Financial

Bancorp

4,925

283

First

Financial

Bankshares,

Inc.

10,884

317

First

Financial

Corporation

14,252

1,854

First

Foundation,

Inc.

12,978

176

First

Hawaiian,

Inc.

4,407

2,074

First

Horizon

Corporation

34,698

331

First

Internet

Bancorp

12,267

863

First

Interstate

BancSystem,

Inc.

27,245

281

First

Merchants

Corporation

11,338

546

First

Mid-Illinois

Bancshares,

Inc.

20,961

1,030

First

of

Long

Island

Corporation

13,514

1,483

Fiserv,

Inc.

k

242,574

841

Flushing

Financial

Corporation

12,388

300

Fulton

Financial

Corporation

5,811

5,289

Glacier

Bancorp,

Inc.

236,471

283

Global

Payments,

Inc.

28,764

746

Great

Southern

Bancorp,

Inc.

46,707

467

Green

Dot

Corporation

k

4,465

1,395

Hamilton

Lane,

Inc.

201,396

213

Hancock

Whitney

Corporation

11,658

3,705

Hanmi

Financial

Corporation

75,582

172

Hanover

Insurance

Group,

Inc.

23,648

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

220

Shares

Common

Stock

(11.0%)

Value

Financials

(1.7%)

-

continued

604

Hartford

Financial

Services

Group,

Inc.

$

66,996

371

Heartland

Financial

USA,

Inc.

20,227

1,143

Heritage

Commerce

Corporation

11,830

1,469

Heritage

Financial

Corporation

34,037

538

Home

BancShares,

Inc.

15,242

1,148

Hometrust

Bancshares,

Inc.

40,720

4,353

Hope

Bancorp,

Inc.

57,286

74

Horace

Mann

Educators

Corporation

2,558

1,197

Horizon

Bancorp,

Inc.

19,116

3,290

Houlihan

Lokey,

Inc.

494,323

625

Huntington

Bancshares,

Inc./OH

9,344

416

Independent

Bank

Corporation/MA

26,686

917

Independent

Bank

Corporation/MI

31,811

6,806

Intercontinental

Exchange,

Inc.

1,031,517

18

International

Bancshares

Corporation

1,214

6,621

Invesco,

Ltd.

114,278

87

Investar

Holding

Corporation

1,610

3,032

J.P.

Morgan

Chase

&

Company

645,210

1,092

Jack

Henry

&

Associates,

Inc.

187,256

2,626

Janus

Henderson

Group

plc

97,766

830

Jefferies

Financial

Group,

Inc.

48,530

2,904

Kearny

Financial

Corporation/MD

20,909

1,754

KeyCorp

28,292

1,631

Kinsale

Capital

Group,

Inc.

745,481

385

Lazard,

Inc.

18,930

168

LendingTree,

Inc.

k

8,941

68

LPL

Financial

Holdings,

Inc.

15,063

84

M&T

Bank

Corporation

14,462

2,952

Marsh

&

McLennan

Companies,

Inc.

657,027

1,331

Mastercard,

Inc.

617,198

438

Mercantile

Bank

Corporation

21,182

262

Metropolitan

Bank

Holding

Corporation

k

13,815

2,292

MFA

Financial,

Inc.

25,648

8,866

MGIC

Investment

Corporation

220,231

176

Mid

Penn

Bancorp,

Inc.

5,218

781

Midland

States

Bancorp,

Inc.

18,541

2,073

MidWestOne

Financial

Group,

Inc.

60,760

430

Moody's

Corporation

196,286

1,080

Mr.

Cooper

Group,

Inc.

k

97,070

638

MSCI,

Inc.

345,005

51

MVB

Financial

Corporation

1,171

13,742

Nasdaq,

Inc.

930,059

272

NCR

Atleos

Corporation

k

8,745

12

Nelnet,

Inc.

1,353

220

New

York

Community

Bancorp,

Inc.

a

2,314

3,772

NMI

Holdings,

Inc.

k

148,428

3,009

Northern

Trust

Corporation

266,748

893

Northfield

Bancorp,

Inc.

11,171

3,676

NU

Holdings,

Ltd./Cayman

Islands

k

44,590

4,205

OceanFirst

Financial

Corporation

76,405

935

OFG

Bancorp

42,468

970

Old

National

Bancorp

19,419

688

Old

Republic

International

Corporation

23,819

1,294

Old

Second

Bancorp,

Inc.

21,894

1,862

OneMain

Holdings,

Inc.

97,308

223

Orrstown

Financial

Services,

Inc.

7,841

46

Pacific

Premier

Bancorp,

Inc.

1,245

15

Park

National

Corporation

2,654

Shares

Common

Stock

(11.0%)

Value

Financials

(1.7%)

-

continued

250

Pathward

Financial,

Inc.

$

16,885

1,010

PayPal

Holdings,

Inc.

k

66,438

205

PCB

Bancorp

3,950

164

PennyMac

Financial

Services,

Inc.

16,092

523

Peoples

Bancorp,

Inc./OH

17,400

264

Pinnacle

Financial

Partners,

Inc.

25,428

5

Piper

Sandler

Companies

1,366

140

PNC

Financial

Services

Group,

Inc.

25,354

253

Popular,

Inc.

25,965

666

Premier

Financial

Corporation

16,876

643

Principal

Financial

Group,

Inc.

52,411

2,373

Progressive

Corporation

508,107

2,384

Prosperity

Bancshares,

Inc.

172,888

1,315

Provident

Financial

Services,

Inc.

24,380

255

Prudential

Financial,

Inc.

31,957

3,498

Radian

Group,

Inc.

129,776

388

Regions

Financial

Corporation

8,680

99

Reinsurance

Group

of

America,

Inc.

22,318

4,433

Rithm

Capital

Corporation

51,467

2,513

RLI

Corporation

378,433

654

S&P

Global,

Inc.

317,013

290

Sandy

Spring

Bancorp,

Inc.

8,883

2,666

SEI

Investments

Company

180,861

106

ServisFirst

Bancshares,

Inc.

8,505

792

Shore

Bancshares,

Inc.

11,500

57

Simmons

First

National

Corporation

1,227

327

Skyward

Specialty

Insurance

Group,

Inc.

k

12,939

20

Southern

First

Bancshares,

Inc.

k

692

90

Southern

Missouri

Bancorp,

Inc.

5,148

246

Southside

Bancshares,

Inc.

8,608

257

SouthState

Corporation

25,435

67

Stellar

Bancorp,

Inc.

1,836

962

StepStone

Group,

Inc.

48,350

114

Stifel

Financial

Corporation

10,108

464

Synovus

Financial

Corporation

21,692

63

Texas

Capital

Bancshares,

Inc.

k

4,164

4,788

TPG,

Inc.

244,140

3,381

Tradeweb

Markets,

Inc.

377,590

4,319

Triumph

Financial,

Inc.

k

391,863

258

Truist

Financial

Corporation

11,530

466

TrustCo

Bank

Corporation

NY

16,594

1,066

Two

Harbors

Investment

Corporation

14,359

596

U.S.

Bancorp

26,748

357

UMB

Financial

Corporation

36,421

384

United

Bankshares,

Inc.

14,949

231

United

Community

Banks,

Inc.

7,149

582

Univest

Financial

Corporation

16,092

195

Unum

Group

11,218

10,875

Valley

National

Bancorp

91,350

739

Veritex

Holdings,

Inc.

18,527

3,004

Virtu

Financial,

Inc.

82,069

802

Visa,

Inc.

213,067

730

Voya

Financial,

Inc.

53,093

309

WaFd,

Inc.

10,997

126

Walker

&

Dunlop,

Inc.

13,469

2,618

Webster

Financial

Corporation

129,905

2,925

Wells

Fargo

&

Company

173,570

345

Westamerica

Bancorporation

18,616

4,819

Western

Alliance

Bancorp

387,737

3,877

Western

Union

Company

46,098

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

221

Shares

Common

Stock

(11.0%)

Value

Financials

(1.7%)

-

continued

188

Willis

Towers

Watson

plc

$

53,069

202

Wintrust

Financial

Corporation

21,856

98

WSFS

Financial

Corporation

5,536

2,733

Zions

Bancorp

NA

141,214

Total

18,828,681

Health

Care

(1.3%)

5,423

Abbott

Laboratories

574,513

646

AbbVie,

Inc.

119,717

458

ACELYRIN,

Inc.

k

2,748

5,721

Agilent

Technologies,

Inc.

808,949

300

Agios

Pharmaceuticals,

Inc.

k

13,920

856

Align

Technology,

Inc.

k

198,489

233

Amgen,

Inc.

77,466

946

AMN

Healthcare

Services,

Inc.

k

63,969

1,155

Amneal

Pharmaceuticals,

Inc.

k

8,466

280

Anika

Therapeutics,

Inc.

k

7,630

903

Arcellx,

Inc.

k

55,814

397

Argenx

SE

ADR

k

204,800

74

Arvinas,

Inc.

k

2,036

843

Ascendis

Pharma

AS

ADR

k

112,541

5,990

Avantor,

Inc.

k

160,233

72

Biogen,

Inc.

k

15,350

4,232

Bio-Techne

Corporation

345,289

2,585

Boston

Scientific

Corporation

k

190,980

784

Bruker

Corporation

53,712

991

CareDx,

Inc.

k

19,810

1,312

Caribou

Biosciences,

Inc.

k

3,044

285

Castle

Biosciences,

Inc.

k

6,877

733

Cencora,

Inc.

174,366

547

Centene

Corporation

k

42,075

585

Charles

River

Laboratories

International,

Inc.

k

142,799

813

Chemed

Corporation

463,540

514

Cooper

Companies,

Inc.

k

47,972

147

CRISPR

Therapeutics

AG

a,k

8,422

1,381

Danaher

Corporation

382,648

640

Definitive

Healthcare

Corporation

k

2,496

1,688

Denali

Therapeutics,

Inc.

k

41,137

3,064

Dentsply

Sirona,

Inc.

83,157

2,399

Dexcom,

Inc.

k

162,700

1,052

Editas

Medicine,

Inc.

k

5,691

2,046

Edwards

Lifesciences

Corporation

k

129,000

6,684

Elanco

Animal

Health,

Inc.

k

87,159

772

Eli

Lilly

&

Company

620,896

161

Embecta

Corporation

2,523

101

Enanta

Pharmaceuticals,

Inc.

k

1,491

2,683

Encompass

Health

Corporation

249,358

1,248

Erasca,

Inc.

k

3,931

100

Exelixis,

Inc.

k

2,345

1,233

Fate

Therapeutics,

Inc.

k

6,572

684

Gilead

Sciences,

Inc.

52,025

2,738

Globus

Medical,

Inc.

k

197,027

1,668

GoodRx

Holdings,

Inc.

k

15,095

555

Guardant

Health,

Inc.

k

19,497

2,859

Haemonetics

Corporation

k

257,453

1,381

Halozyme

Therapeutics,

Inc.

k

76,314

1,475

HealthEquity,

Inc.

k

115,758

289

Humana,

Inc.

104,505

718

ICON

plc

k

235,820

480

IDEXX

Laboratories,

Inc.

k

228,538

163

Illumina,

Inc.

k

19,984

2,132

Immunocore

Holdings

plc

ADR

k

84,640

407

Inspire

Medical

Systems,

Inc.

k

57,407

Shares

Common

Stock

(11.0%)

Value

Health

Care

(1.3%)

-

continued

48

Integra

LifeSciences

Holdings

Corporation

k

$

1,191

372

Intellia

Therapeutics,

Inc.

k

9,750

185

Intuitive

Surgical,

Inc.

k

82,253

162

IQVIA

Holding,

Inc.

k

39,889

1,341

Johnson

&

Johnson

211,677

127

Kymera

Therapeutics,

Inc.

k

5,867

268

Labcorp

Holdings,

Inc.

57,738

1,723

Legend

Biotech

Corporation

ADR

k

97,160

14

Ligand

Pharmaceuticals,

Inc.

k

1,526

205

LivaNova

plc

k

10,127

7

Medpace

Holdings,

Inc.

k

2,678

4,082

Medtronic

plc

327,866

4,863

Merck

&

Company,

Inc.

550,151

29

Mettler-Toledo

International,

Inc.

k

44,110

125

Molina

Healthcare,

Inc.

k

42,659

462

Myriad

Genetics,

Inc.

k

12,922

1,073

Natera,

Inc.

k

109,865

314

Neurocrine

Biosciences,

Inc.

k

44,453

448

Novocure,

Ltd.

k

10,201

1,364

Nuvation

Bio,

Inc.

k

5,224

13,601

Option

Care

Health,

Inc.

k

403,814

7,293

Paragon

28,

Inc.

k

56,812

1,375

Penumbra,

Inc.

k

229,749

4,252

Pfizer,

Inc.

129,856

217

Prestige

Consumer

Healthcare,

Inc.

k

15,366

761

Prime

Medicine,

Inc.

a,k

4,269

2,797

Progyny,

Inc.

k

78,875

579

Prothena

Corporation

plc

k

13,479

166

QIAGEN

NV

7,385

110

Quest

Diagnostics,

Inc.

15,653

662

RAPT

Therapeutics,

Inc.

k

2,079

756

Recursion

Pharmaceuticals,

Inc.

a,k

6,199

1,472

Relay

Therapeutics,

Inc.

k

12,100

3,302

Repligen

Corporation

k

552,590

916

Rocket

Pharmaceuticals,

Inc.

k

22,167

3,445

Royalty

Pharma

plc

97,046

438

Sage

Therapeutics,

Inc.

k

4,796

364

Sagimet

Biosciences,

Inc.

a,k

1,223

1,181

Sarepta

Therapeutics,

Inc.

k

167,985

7,497

scPharmaceuticals,

Inc.

k

37,710

10,574

Stevanato

Group

SPA

218,670

1,205

Stryker

Corporation

394,577

221

Teleflex,

Inc.

48,823

137

Tenet

Healthcare

Corporation

k

20,509

1,019

Thermo

Fisher

Scientific,

Inc.

624,993

3,449

Twist

Bioscience

Corporation

k

192,489

525

UnitedHealth

Group,

Inc.

302,484

1,322

Veeva

Systems,

Inc.

k

253,731

2,665

Vericel

Corporation

k

134,636

1,292

Vertex

Pharmaceuticals,

Inc.

k

640,470

9,278

Viemed

Healthcare,

Inc.

k

66,894

184

West

Pharmaceutical

Services,

Inc.

56,335

528

Xenon

Pharmaceuticals,

Inc.

k

22,773

336

Zentalis

Pharmaceuticals,

Inc.

k

1,307

1,304

Zoetis,

Inc.

234,772

Total

13,910,617

Industrials

(1.7%)

780

A.O.

Smith

Corporation

66,331

1,024

AAR

Corporation

k

66,150

603

ABM

Industries,

Inc.

33,503

67

Acuity

Brands,

Inc.

16,840

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

222

Shares

Common

Stock

(11.0%)

Value

Industrials

(1.7%)

-

continued

2,526

Advanced

Drainage

Systems,

Inc.

$

447,203

4,455

AECOM

403,668

5,204

Air

Lease

Corporation

258,222

1,085

Alight,

Inc.

k

8,213

422

Allison

Transmission

Holdings,

Inc.

37,385

2,881

AMETEK,

Inc.

499,796

279

Applied

Industrial

Technologies,

Inc.

60,875

417

Arcosa,

Inc.

38,743

1,375

Armstrong

World

Industries,

Inc.

180,675

2,261

Atmus

Filtration

Technologies,

Inc.

k

69,729

2,092

Automatic

Data

Processing,

Inc.

549,401

185

Axon

Enterprise,

Inc.

k

55,502

4,357

AZEK

Company,

Inc.

k

195,586

223

AZZ,

Inc.

17,831

12,180

Badger

Infrastructure

Solutions,

Ltd.

344,055

1,159

Beacon

Roofing

Supply,

Inc.

k

119,145

1,839

Brady

Corporation

131,691

4,180

BWX

Technologies,

Inc.

415,868

312

Carlisle

Companies,

Inc.

130,597

1,334

Casella

Waste

Systems,

Inc.

k

138,149

152

Caterpillar,

Inc.

52,622

1,915

CECO

Environmental

Corporation

k

55,918

809

Clean

Harbors,

Inc.

k

193,133

247

CSW

Industrials,

Inc.

80,132

21,745

CSX

Corporation

763,249

238

Cummins,

Inc.

69,448

83

Curtiss-Wright

Corporation

24,460

2,938

Dayforce,

Inc.

a,k

174,165

532

DNOW,

Inc.

k

8,172

1,063

Donaldson

Company,

Inc.

79,534

4

Dover

Corporation

737

700

EMCOR

Group,

Inc.

262,808

22

ESCO

Technologies,

Inc.

2,705

16,387

ExlService

Holdings,

Inc.

k

577,806

526

Expeditors

International

of

Washington,

Inc.

65,655

10,968

Fastenal

Company

775,986

3,149

Ferguson

Enterprises,

Inc.

701,125

4,917

Flowserve

Corporation

248,554

5,985

Fluor

Corporation

k

287,878

846

Gates

Industrial

Corporation

plc

k

15,727

220

Gibraltar

Industries,

Inc.

k

16,339

1,354

Graco,

Inc.

115,158

154

Griffon

Corporation

11,097

5,142

Helios

Technologies,

Inc.

236,275

99

Herc

Holdings,

Inc.

15,428

13,572

Howmet

Aerospace,

Inc.

1,298,840

133

Huntington

Ingalls

Industries,

Inc.

37,237

1,083

IDEX

Corporation

225,784

3,109

Ingersoll

Rand,

Inc.

312,144

421

Interface,

Inc.

7,275

719

ITT

Corporation

101,710

19,659

Janus

International

Group,

Inc.

k

283,483

185

JB

Hunt

Transport

Services,

Inc.

32,033

565

Kirby

Corporation

k

69,427

3,462

Knight-Swift

Transportation

Holdings,

Inc.

188,437

2,814

Korn

Ferry

207,448

840

Kratos

Defense

&

Security

Solutions,

Inc.

k

18,934

1,118

Landstar

System,

Inc.

212,699

1,559

Leidos

Holdings,

Inc.

225,120

311

Lincoln

Electric

Holdings,

Inc.

63,883

Shares

Common

Stock

(11.0%)

Value

Industrials

(1.7%)

-

continued

561

Masco

Corporation

$

43,674

13,799

Masterbrand,

Inc.

k

249,072

220

Matson,

Inc.

29,196

2,109

Maximus,

Inc.

195,905

1,451

Miller

Industries,

Inc.

98,581

841

Moog,

Inc.

164,920

2,703

Mueller

Water

Products,

Inc.

55,898

131

Northrop

Grumman

Corporation

63,446

3,777

nVent

Electric

plc

274,324

1,561

Old

Dominion

Freight

Line,

Inc.

328,091

1,050

Oshkosh

Corporation

114,082

204

Otis

Worldwide

Corporation

19,278

2,879

Owens

Corning,

Inc.

536,588

226

PACCAR,

Inc.

22,297

559

Parker-Hannifin

Corporation

313,688

3,589

Pentair

plc

315,365

347

Quanta

Services,

Inc.

92,087

1,364

Regal

Rexnord

Corporation

219,168

106

Republic

Services,

Inc.

20,598

432

Resideo

Technologies,

Inc.

k

9,815

2,713

Robert

Half,

Inc.

174,147

855

Rockwell

Automation,

Inc.

238,246

310

Rush

Enterprises,

Inc.

15,813

556

Saia,

Inc.

k

232,325

7,658

Schneider

National,

Inc.

206,077

142

Sensata

Technologies

Holding

plc

5,537

1,044

Simpson

Manufacturing

Company,

Inc.

200,542

789

SkyWest,

Inc.

k

63,073

757

SS&C

Technologies

Holdings,

Inc.

55,223

1,829

Tennant

Company

196,965

526

Terex

Corporation

33,275

3,617

Timken

Company

314,498

2,056

Trane

Technologies

plc

687,280

46

TransDigm

Group,

Inc.

59,534

2,689

TransUnion

242,709

1,199

Uber

Technologies,

Inc.

k

77,300

9

UniFirst

Corporation/MA

1,751

281

Union

Pacific

Corporation

69,331

368

United

Parcel

Service,

Inc.

47,976

255

United

Rentals,

Inc.

193,061

801

Upwork,

Inc.

k

9,708

832

Verra

Mobility

Corporation

k

25,068

44

Viad

Corporation

k

1,463

105

Wabtec

Corporation

16,921

1,027

Waste

Connections,

Inc.

182,570

184

Waste

Management,

Inc.

37,289

451

Watsco,

Inc.

220,760

4,446

WNS

Holdings,

Ltd.

k

264,893

Total

19,443,131

Information

Technology

(2.7%)

977

Adobe,

Inc.

k

538,962

719

Advanced

Micro

Devices,

Inc.

k

103,881

1,217

Agilysys,

Inc.

k

136,413

381

Ambarella,

Inc.

k

20,056

10,864

Amphenol

Corporation

698,121

18,517

Apple,

Inc.

4,112,255

2,103

Applied

Materials,

Inc.

446,257

2,341

AppLovin

Corporation

k

180,491

1,029

Arista

Networks,

Inc.

k

356,600

2,277

ASGN,

Inc.

k

215,564

92

Atlassian

Corporation

k

16,244

3,464

Autodesk,

Inc.

k

857,409

6,644

Broadcom,

Inc.

1,067,558

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

223

Shares

Common

Stock

(11.0%)

Value

Information

Technology

(2.7%)

-

continued

862

CCC

Intelligent

Solutions

Holdings,

Inc.

k

$

8,844

374

CDW

Corporation

81,573

3,218

Ciena

Corporation

k

169,717

8,860

Cisco

Systems,

Inc.

429,267

787

Clearwater

Analytics

Holdings,

Inc.

k

15,386

455

Coherent

Corporation

k

31,704

3,463

Cohu,

Inc.

k

110,781

445

CommScope

Holding

Company,

Inc.

k

1,153

369

CommVault

Systems,

Inc.

k

56,402

110

Consensus

Cloud

Solutions,

Inc.

k

2,343

529

Credo

Technology

Group

Holding,

Ltd.

k

14,680

989

CyberArk

Software,

Ltd.

k

253,560

762

Datadog,

Inc.

k

88,727

1,673

Descartes

Systems

Group,

Inc.

k

170,060

1,531

DocuSign,

Inc.

k

84,940

52

Dolby

Laboratories,

Inc.

4,095

3,351

Dynatrace

Holdings,

LLC

k

147,176

61

Elastic

NV

k

6,690

1,144

Enphase

Energy,

Inc.

k

131,686

434

F5,

Inc.

k

88,380

1,570

Fabrinet

k

346,279

1,749

Flex,

Ltd.

k

56,230

805

FormFactor,

Inc.

k

43,116

780

Fortinet,

Inc.

k

45,271

490

Gartner,

Inc.

k

245,583

746

Gilat

Satellite

Networks,

Ltd.

k

3,394

4,914

Gitlab,

Inc.

k

251,744

907

Globant

SA

k

176,602

2,902

GoDaddy,

Inc.

k

422,096

5,159

Guidewire

Software,

Inc.

k

774,211

290

Hewlett

Packard

Enterprise

Company

5,774

451

HubSpot,

Inc.

k

224,160

410

Insight

Enterprises,

Inc.

k

92,045

373

International

Business

Machines

Corporation

71,668

188

IPG

Photonics

Corporation

k

15,115

301

Itron,

Inc.

k

31,135

10,915

JFrog,

Ltd.

k

420,882

344

Keysight

Technologies,

Inc.

k

48,012

513

KLA

Corporation

422,235

579

Kyndryl

Holdings,

Inc.

k

15,558

436

Lam

Research

Corporation

401,661

7,185

Lattice

Semiconductor

Corporation

k

380,805

1,051

Littelfuse,

Inc.

280,733

2,921

Marvell

Technology,

Inc.

195,649

9,879

Microsoft

Corporation

4,132,880

392

MKS

Instruments,

Inc.

49,353

1,130

MongoDB,

Inc.

k

285,167

412

Monolithic

Power

Systems,

Inc.

355,593

1,217

Motorola

Solutions,

Inc.

485,486

267

nCino,

Inc.

k

8,747

1,263

NetApp,

Inc.

160,376

475

Nova,

Ltd.,

Class

S

k

98,073

28,690

NVIDIA

Corporation

3,357,304

215

Okta,

Inc.

k

20,197

696

ON

Semiconductor

Corporation

k

54,462

1,331

Onto

Innovation,

Inc.

k

254,620

36

OSI

Systems,

Inc.

k

5,327

679

Palo

Alto

Networks,

Inc.

k

220,492

2,435

PDF

Solutions,

Inc.

k

85,444

Shares

Common

Stock

(11.0%)

Value

Information

Technology

(2.7%)

-

continued

1,818

Plexus

Corporation

k

$

233,013

86

Procore

Technologies,

Inc.

k

6,109

1,538

PTC,

Inc.

k

273,533

874

Q2

Holdings,

Inc.

k

58,969

623

Qorvo,

Inc.

k

74,635

2,658

QUALCOMM,

Inc.

480,965

1,877

Salesforce,

Inc.

485,768

686

ServiceNow,

Inc.

k

558,671

882

Silicon

Laboratories,

Inc.

k

105,955

1,266

SolarWinds

Corporation

15,103

399

Synopsys,

Inc.

k

222,770

446

TD

SYNNEX

Corporation

53,150

311

TE

Connectivity,

Ltd.

47,997

44

Teledyne

Technologies,

Inc.

k

18,562

313

Tenable

Holdings,

Inc.

k

14,373

8,717

Trimble,

Inc.

k

475,425

16,458

TTM

Technologies,

Inc.

k

318,956

462

Tyler

Technologies,

Inc.

k

262,467

1,004

Unisys

Corporation

k

4,779

389

Unity

Software,

Inc.

k

6,364

348

Universal

Display

Corporation

77,472

6,266

Varonis

Systems,

Inc.

k

345,445

1,245

VeriSign,

Inc.

k

232,827

343

Viavi

Solutions,

Inc.

k

2,758

1,868

Vontier

Corporation

73,282

1,570

Workiva,

Inc.

k

115,819

221

Xerox

Holdings

Corporation

2,379

Total

29,758,000

Materials

(0.4%)

439

Albemarle

Corporation

41,121

2,824

Alcoa

Corporation

93,305

134

AptarGroup,

Inc.

19,695

32

Avery

Dennison

Corporation

6,939

867

Avient

Corporation

39,223

3,328

Axalta

Coating

Systems,

Ltd.

k

118,643

791

Ball

Corporation

50,490

144

Berry

Plastics

Group,

Inc.

9,464

442

Celanese

Corporation

62,388

2,527

Chemours

Company

61,078

384

DuPont

de

Nemours,

Inc.

32,141

518

Eagle

Materials,

Inc.

141,051

1,394

Eastman

Chemical

Company

144,042

3,271

Ecolab,

Inc.

754,587

2,355

Element

Solutions,

Inc.

63,467

1,500

Greif,

Inc.

100,020

319

Huntsman

Corporation

7,634

3,680

Ingevity

Corporation

k

168,875

486

Innospec,

Inc.

63,734

31

International

Flavors

&

Fragrances,

Inc.

3,084

10,179

Ivanhoe

Mines,

Ltd.

k

133,076

457

Kaiser

Aluminum

Corporation

35,961

948

Knife

River

Corporation

k

75,385

197

Koppers

Holdings,

Inc.

8,020

1,347

Linde

plc

610,864

708

Louisiana-Pacific

Corporation

69,497

44

LyondellBasell

Industries

NV

4,376

419

Martin

Marietta

Materials,

Inc.

248,614

475

Minerals

Technologies,

Inc.

37,230

2,135

Mosaic

Company

63,559

313

Nucor

Corporation

51,000

887

O-I

Glass,

Inc.

k

11,850

496

Orion

SA

12,212

6

Packaging

Corporation

of

America

1,199

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

224

Shares

Common

Stock

(11.0%)

Value

Materials

(0.4%)

-

continued

120

PPG

Industries,

Inc.

$

15,238

508

Radius

Recycling,

Inc.

9,205

6,960

Ranpak

Holdings

Corporation

k

50,251

1,322

RPM

International,

Inc.

160,570

399

Sealed

Air

Corporation

15,182

147

Sensient

Technologies

Corporation

11,473

1,171

Steel

Dynamics,

Inc.

156,001

2,465

Summit

Materials,

Inc.

k

102,988

623

SunCoke

Energy,

Inc.

7,289

2,001

Trinseo

plc

5,783

12,393

Tronox

Holdings

plc

200,271

1,715

United

States

Lime

&

Minerals,

Inc.

145,861

1,285

United

States

Steel

Corporation

52,801

239

Vulcan

Materials

Company

65,608

1,622

West

Fraser

Timber

Company,

Ltd.

143,855

Total

4,486,200

Real

Estate

(0.5%)

656

Acadia

Realty

Trust

14,196

5,503

Agree

Realty

Corporation

379,542

678

Alexandria

Real

Estate

Equities,

Inc.

79,523

1,630

AvalonBay

Communities,

Inc.

334,020

508

Brixmor

Property

Group,

Inc.

12,939

1,845

CBRE

Group,

Inc.

k

207,950

5,645

Compass,

Inc.

k

24,782

2,737

CoStar

Group,

Inc.

k

213,541

17,137

Cushman

and

Wakefield

plc

k

224,666

319

DiamondRock

Hospitality

Company

2,625

3,144

Douglas

Elliman,

Inc.

k

6,477

1,980

EastGroup

Properties,

Inc.

370,240

2,284

EPR

Properties

102,780

64

Equinix,

Inc.

50,575

7,431

Equity

Commonwealth

k

151,369

25,604

Essential

Properties

Realty

Trust,

Inc.

757,622

106

Essex

Property

Trust,

Inc.

29,506

308

Extra

Space

Storage,

Inc.

49,163

800

First

Industrial

Realty

Trust,

Inc.

43,776

2,724

Four

Corners

Property

Trust,

Inc.

73,929

1,473

Getty

Realty

Corporation

43,630

416

Howard

Hughes

Holdings,

Inc.

k

30,855

642

Independence

Realty

Trust,

Inc.

11,973

1,149

Industrial

Logistics

Properties

Trust

5,906

2,236

Invitation

Homes,

Inc.

78,864

3,923

LXP

Industrial

Trust

40,407

1,542

Medical

Properties

Trust,

Inc.

7,417

8,076

National

Storage

Affiliates

Trust

343,795

2,923

NetSTREIT

Corporation

48,142

1,948

Pebblebrook

Hotel

Trust

26,668

5,842

Phillips

Edison

and

Company,

Inc.

205,054

670

Plymouth

Industrial

REIT,

Inc.

16,026

251

RE/MAX

Holdings,

Inc.

2,422

1,181

Retail

Opportunity

Investments

Corporation

17,656

181

RMR

Group,

Inc.

4,695

1,214

SBA

Communications

Corporation

266,522

6,532

STAG

Industrial,

Inc.

266,571

446

Sun

Communities,

Inc.

56,522

2,682

Tanger,

Inc.

77,510

7,427

Terreno

Realty

Corporation

508,081

2,995

UDR,

Inc.

120,010

1,037

Zillow

Group,

Inc.,

Class

A

k

49,154

Shares

Common

Stock

(11.0%)

Value

Real

Estate

(0.5%)

-

continued

265

Zillow

Group,

Inc.,

Class

C

k

$

12,905

Total

5,370,006

Utilities

(0.3%)

1,575

Alliant

Energy

Corporation

87,664

1,446

American

Water

Works

Company,

Inc.

205,853

2,729

CenterPoint

Energy,

Inc.

75,730

3,131

Clearway

Energy,

Inc.,

Class

A

77,117

2,443

Clearway

Energy,

Inc.,

Class

C

65,179

11,111

Evergy,

Inc.

644,438

717

Eversource

Energy

46,540

1,607

Hawaiian

Electric

Industries,

Inc.

26,612

3,059

NextEra

Energy

Partners,

LP

a

78,157

3,001

NiSource,

Inc.

93,781

955

Northwestern

Energy

Group,

Inc.

51,350

1,778

PNM

Resources,

Inc.

73,929

3,656

Portland

General

Electric

Company

173,221

1,314

Spire,

Inc.

87,499

10,952

UGI

Corporation

271,391

1,839

Vistra

Energy

Corporation

145,686

11,888

Xcel

Energy,

Inc.

692,833

Total

2,896,980

Total

Common

Stock

(cost

$89,638,120)

122,516,492

Shares

Private

Equity

Funds

(

0.6%

)

Value

Secondary

(0.6%)

1

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP

*,h,k

211,895

1

ASF

IX,

LP

*,h,k

913,353

1

ASF

VIII

Sidecar

(Cayman),

LP

*,h,k

15,574

1

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF

*,h,k

393,491

1

LCP

X

(Offshore),

LP

*,h,k

4,800,591

Total

6,334,904

Total

Private

Equity

Funds

(cost

$4,733,556)

6,334,904

Shares

Collateral

Held

for

Securities

Loaned

(

0.3%

)

Value

3,384,315

Thrivent

Cash

Management

Trust

3,384,315

Total

Collateral

Held

for

Securities

Loaned

(cost

$3,384,315)

3,384,315

Shares

or

Principal

Amount

Short-Term

Investments

(

12.3%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

900,000

5.245%,

8/16/2024

l,m

897,898

400,000

5.255%,

8/21/2024

l,m

398,774

2,300,000

5.225%,

9/17/2024

l,m

2,283,915

3,800,000

5.232%,

9/18/2024

l,m

3,772,872

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

225

Shares

or

Principal

Amount

Short-Term

Investments

(12.3%)

Value

Thrivent

Core

Short-Term

Reserve

Fund

12,962,790

5.600%

$

129,627,897

Total

Short-Term

Investments

(cost

$136,944,908)

136,981,356

Total

Investments

(cost

$999,749,813)

102.0%

$1,135,446,701

Other

Assets

and

Liabilities,

Net

(2.0%)

(22,328,500)

Total

Net

Assets

100.0%

$1,113,118,201

a

All

or

a

portion

of

the

security

is

on

loan.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$57,650,875

or

5.2%

of

total

net

assets.

c

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

July

31,

2024.

d

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

e

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

f

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

g

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

h

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

i

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

j

Defaulted

security.  Interest

is

not

being

accrued.

k

Non-income

producing

security.

l

The

interest

rate

shown

reflects

the

yield.

m

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Moderately

Conservative

Allocation

Fund

as

of

July

31,

2024

was

$6,356,904

or

0.57%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

AlpInvest

Secondaries

Fund

(Offshore

Feeder)

VIII,

LP 

6/28/2024

$

–

ASF

IX,

LP 

3/18/2024

562,729

ASF

VIII

Sidecar

(Cayman),

LP 

6/28/2024

–

Credit

Suisse

Group

AG 

9/5/2018

200,000

Crown

Global

Secondaries

VI

Feeder

SA,

SICAV-RAIF 

2/15/2024

259,000

LCP

X

(Offshore),

LP 

10/25/2023

3,911,827

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderately

Conservative

Allocation

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

2,863,493

Common

Stock

419,863

Total

lending

$3,283,356

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$3,384,315

Net

amounts

due

to

counterparty

$100,959

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

SOFRINDX

-

Secured

Overnight

Financing

Rate

Compounded

Index

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

226

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Moderately

Conservative

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

8,979,371

–

8,979,371

–

Basic

Materials

2,902,926

–

2,902,926

–

Capital

Goods

7,112,205

–

7,112,205

–

Collateralized

Mortgage

Obligations

16,143,800

–

16,143,800

–

Commercial

Mortgage-Backed

Securities

7,260,049

–

7,260,049

–

Communications

Services

10,130,870

–

10,130,870

–

Consumer

Cyclical

12,206,870

–

12,206,870

–

Consumer

Non-Cyclical

12,416,485

–

12,268,413

148,072

Energy

10,546,642

–

10,546,642

–

Financials

35,073,078

–

35,073,078

–

Foreign

Government

320,513

–

320,513

–

Mortgage-Backed

Securities

129,441,042

–

129,441,042

–

Technology

7,792,154

–

7,792,154

–

Transportation

2,468,680

–

2,468,680

–

U.S.

Government

&

Agencies

132,648,870

–

132,648,870

–

Utilities

8,120,676

–

8,120,676

–

Registered

Investment

Companies

U.S.

Affiliated

380,262,848

380,262,848

–

–

U.S.

Unaffiliated

6,750,363

6,750,363

–

–

Common

Stock

Communications

Services

6,756,955

6,756,955

–

–

Consumer

Discretionary

12,448,612

12,448,612

–

–

Consumer

Staples

4,850,895

4,850,895

–

–

Energy

3,766,415

3,766,415

–

–

Financials

18,828,681

18,828,681

–

–

Health

Care

13,910,617

13,910,617

–

–

Industrials

19,443,131

19,099,076

344,055

–

Information

Technology

29,758,000

29,758,000

–

–

Materials

4,486,200

4,353,124

133,076

–

Real

Estate

5,370,006

5,370,006

–

–

Utilities

2,896,980

2,896,980

–

–

Private

Equity

Funds

Secondary

6,334,904

–

–

6,334,904

Short-Term

Investments

7,353,459

–

7,353,459

–

Subtotal

Investments

in

Securities

$926,782,297

$509,052,572

$411,246,749

$6,482,976

Other

Investments  *

Total

Affiliated

Short-Term

Investments

129,627,897

U.S.

Affiliated

Registered

Investment

Cos.

75,652,192

Collateral

Held

for

Securities

Loaned

3,384,315

Subtotal

Other

Investments

$208,664,404

Total

Investments

at

Value

$1,135,446,701

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Moderately

Conservative

Allocation

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

3,343,388

3,343,388

–

–

Total

Asset

Derivatives

$3,343,388

$3,343,388

$–

$–

Liability

Derivatives

Futures

Contracts

4,619,556

4,567,951

51,605

–

Total

Liability

Derivatives

$4,619,556

$4,567,951

$51,605

$–

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

227

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Moderately

Conservative

Allocation

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$7,387,459

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

36

September

2024

$

3,924,663

$

100,588

CBOT

2-Yr.

U.S.

Treasury

Note

174

September

2024

35,428,486

305,405

CBOT

5-Yr.

U.S.

Treasury

Note

252

September

2024

26,673,285

515,153

CBOT

U.S.

Long

Bond

72

September

2024

8,419,700

276,550

CME

E-mini

Russell

2000

Index

3

September

2024

306,009

34,941

CME

E-mini

S&P

500

Index

351

September

2024

96,595,416

947,484

CME

Ultra

Long

Term

U.S.

Treasury

Bond

74

September

2024

9,173,284

296,403

ICE

mini

MSCI

EAFE

Index

238

September

2024

27,660,801

776,629

ICE

US

mini

MSCI

Emerging

Markets

Index

35

September

2024

1,885,262

33,613

Ultra

10-Yr.

U.S.

Treasury

Note

18

September

2024

2,023,784

56,622

Total

Futures

Long

Contracts

$

212,090,690

$

3,343,388

CBOT

10-Yr.

U.S.

Treasury

Note

(27)

September

2024

(

$

2,943,347)

(

$

75,590)

CME

E-mini

Russell

2000

Index

(196)

September

2024

(

20,147,693)

(

2,127,707)

CME

E-mini

S&P

Mid-Cap

400

Index

(133)

September

2024

(

39,216,242)

(

2,281,088)

CME

Euro

Foreign

Exchange

Currency

(93)

September

2024

(

12,539,035)

(

74,090)

Eurex

Euro

STOXX

50

Index

(231)

September

2024

(

12,203,395)

(

51,605)

Ultra

10-Yr.

U.S.

Treasury

Note

(3)

September

2024

(

337,258)

(

9,476)

Total

Futures

Short

Contracts

(

$

87,386,970)

($4,619,556)

Total

Futures

Contracts

$

124,703,720

($1,276,168)

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

228

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderately

Conservative

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$32,792

$1,531

$4,722

$33,242

4,109

3.0%

Core

Emerging

Markets

Equity

7,078

255

–

8,645

905

0.8

Core

International

Equity

13,108

515

–

16,341

1,488

1.5

Core

Low

Volatility

Equity

12,003

1,078

12,400

668

57

<0.1

Core

Mid

Cap

Value

8,865

185

2,000

9,019

793

0.8

Core

Small

Cap

Value

7,247

133

2,000

7,737

666

0.7

Global

Stock,

Class

S

1,749

110

–

2,241

77

0.2

High

Yield,

Class

S

23,421

1,143

1,912

24,240

5,758

2.1

Income,

Class

S

68,375

2,366

5,892

71,086

8,722

6.4

International

Allocation,

Class

S

20,919

713

–

25,929

2,349

2.3

Large

Cap

Growth,

Class

S

55,731

1,878

8,000

67,889

3,242

6.1

Large

Cap

Value,

Class

S

93,726

3,610

8,000

108,845

3,556

9.8

Limited

Maturity

Bond,

Class

S

40,527

1,127

3,086

40,180

3,253

3.6

Mid

Cap

Stock,

Class

S

24,167

414

–

30,998

829

2.8

Small

Cap

Stock,

Class

S

6,526

36

–

8,855

265

0.8

Total

U.S.

Affiliated

Registered

Investment

Companies

416,234

455,915

40.9

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

111,530

241,761

223,663

129,628

12,963

11.7

Total

Affiliated

Short-Term

Investments

111,530

129,628

11.7

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

3,269

46,085

45,970

3,384

3,384

0.3

Total

Collateral

Held

for

Securities

Loaned

3,269

3,384

0.3

Total

Value

$531,033

$588,927

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($1,224)

$4,865

$–

$1,531

Core

Emerging

Markets

Equity

–

1,312

–

255

Core

International

Equity

–

2,718

–

515

Core

Low

Volatility

Equity

Fund

1,101

(1,114)

790

288

Core

Mid

Cap

Value

224

1,745

42

145

Core

Small

Cap

Value

90

2,267

–

134

Global

Stock,

Class

S

–

382

71

39

High

Yield,

Class

S

(300)

1,888

–

1,143

Income,

Class

S

(1,259)

7,496

–

2,366

International

Allocation,

Class

S

–

4,297

–

713

Large

Cap

Growth,

Class

S

499

17,781

1,878

–

Large

Cap

Value,

Class

S

469

19,040

1,848

1,762

Limited

Maturity

Bond,

Class

S

(72)

1,684

–

1,130

Mid

Cap

Stock,

Class

S

–

6,417

288

125

Small

Cap

Stock,

Class

S

–

2,292

–

36

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

–

–

–

5,076

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$15,258

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

18

Total

Affiliated

Income

from

Securities

Loaned,

Net

$18

Total

($472)

$73,070

$4,917

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

229

Principal

Amount

Long-Term

Fixed

Income

(

99.6%

)

Value

Alabama

(1.4%)

Black

Belt

Energy

Gas

District,

AL

Gas

Proj.

Rev.

$

5,000,000

5.250%,

10/1/2030,

Ser.

A

a

$

5,372,546

Black

Belt

Energy

Gas

District,

AL

Gas

Proj.

Rev.

Refg.

750,000

5.500%,

6/1/2049,

Ser.

D-1

a

797,820

Jacksonville,

AL

Public

Educational

Building

Auth.

Rev.

(JSU

Foundation)

(AGM

Insured)

2,000,000

5.250%,

8/1/2053,

Ser.

A

b

2,149,364

1,000,000

5.500%,

8/1/2058,

Ser.

A

b

1,090,898

2,000,000

5.250%,

8/1/2048,

Ser.

A

b

2,163,308

Jefferson

County,

AL

Sewer

Rev.

Refg.

Warrants

1,250,000

5.500%,

10/1/2053

1,365,927

1,500,000

5.250%,

10/1/2049

1,617,512

Mobile

County,

AL

Industrial

Development

Auth.

Solid

Waste

Disposal

Rev.

(AM/NS

Calvert,

LLC)

300,000

5.000%,

6/1/2054,

Ser.

A,

AMT

307,029

UAB

Medicine

Finance

Auth.,

AL

Rev.

Refg.

2,000,000

5.000%,

9/1/2041,

Ser.

B2

2,041,731

Total

16,906,135

Alaska

(<0.1%)

Valdez,

AK

Marine

Terminal

Rev.

Refg.

(ExxonMobil)

510,000

4.050%,

12/1/2029

a

510,000

Total

510,000

Arizona

(2.5%)

Arizona

Industrial

Development

Auth.

Education

Rev.

(Academies

of

Math

&

Science)

750,000

5.375%,

7/1/2053

c

761,406

275,000

5.250%,

7/1/2043

c

280,722

Arizona

Industrial

Development

Auth.

Education

Rev.

(Doral

Academy

of

Nevada

-

Fire

Mesa

and

Red

Rock

Campus)

800,000

5.000%,

7/15/2039,

Ser.

A

810,522

Arizona

Industrial

Development

Auth.

Education

Rev.

(Doral

Academy

of

Nevada

-

Pebble

Campus)

2,165,000

5.000%,

7/15/2050,

Ser.

A

c

2,168,692

Arizona

Industrial

Development

Auth.

Education

Rev.

(KIPP

Nashville)

300,000

5.000%,

7/1/2047,

Ser.

A

306,513

Arizona

Industrial

Development

Auth.

National

Charter

School

Revolving

Loan

Fund

Rev.

1,000,000

4.250%,

11/1/2052,

Ser.

A

962,356

1,000,000

5.250%,

11/1/2053,

Ser.

A

1,061,324

1,000,000

5.250%,

11/1/2048,

Ser.

A

1,068,755

Chandler,

AZ

Industrial

Development

Auth.

Rev.

(Intel

Corporation)

3,750,000

5.000%,

9/1/2027,

Ser.

2022-

2,

AMT

a

3,866,170

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Arizona

(2.5%)

-

continued

Glendale,

AZ

Industrial

Development

Auth.

Senior

Living

Fac.

Rev.

(Royal

Oaks

-

Inspirata

Pointe)

$

2,000,000

5.000%,

5/15/2056,

Ser.

A

$

1,825,327

Maricopa

County,

AZ

Industrial

Development

Auth.

Educational

Fac.

Rev.

(Valley

Christian

Schools)

1,000,000

6.375%,

7/1/2058,

Ser.

A

c

1,029,599

Phoenix,

AZ

Civic

Improvement

Corporation

Airport

Rev.

2,000,000

5.000%,

7/1/2047,

Ser.

A,

AMT

2,029,816

10,000,000

5.000%,

7/1/2049,

Ser.

A

10,536,952

Phoenix-Mesa,

AZ

Gateway

Airport

Auth.

Special

Fac.

Rev.

(Mesa)

1,450,000

5.000%,

7/1/2038,

AMT

1,450,575

Student

&

Academic

Services,

LLC,

AZ

Lease

Rev.

Northern

Arizona

Capital

Fac.

Finance

Corporation

(BAM

Insured)

750,000

5.000%,

6/1/2039

b

753,406

Yavapai

County,

AZ

Industrial

Development

Auth.

Hospital

Fac.

Rev.

Refg.

(Yavapai

Regional

Medical

Center)

500,000

5.000%,

8/1/2036

511,096

725,000

5.000%,

8/1/2039

754,578

Total

30,177,809

Arkansas

(0.1%)

Arkansas

Development

Finance

Auth.

Environmental

Rev.

(United

States

Steel

Corporation)

750,000

5.700%,

5/1/2053,

AMT

787,583

Pulaski

County,

AR

Hospital

Rev.

(Arkansas

Children's

Hospital)

500,000

5.250%,

3/1/2053

540,935

Total

1,328,518

California

(6.2%)

Anaheim,

CA

Public

Financing

Auth.

Lease

Rev.

(Anaheim

Public

Improvements)

(AGM

Insured)

1,000,000

6.000%,

9/1/2024,

Ser.

A

b

1,002,228

Beverly

Hills

Unified

School

District,

Los

Angeles

County,

CA

G.O.

(2008

Election)

10,000,000

Zero

Coupon,

8/1/2031

7,992,669

Burbank-Glendale-Pasadena,

CA

Airport

Auth.

Rev.

(AGM

Insured)

500,000

4.500%,

7/1/2054,

Ser.

B,

AMT

b

501,254

525,000

4.375%,

7/1/2049,

Ser.

B,

AMT

b

525,112

California

Community

Choice

Financing

Auth.

Rev.

(Clean

Energy)

1,750,000

5.000%,

8/1/2029,

Ser.

A-1

a

1,847,331

5,000,000

5.500%,

11/1/2028,

Ser.

D

a

5,364,028

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

230

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

California

(6.2%)

-

continued

California

County

Tobacco

Securitization

Agency

Rev.

Refg.

(Sonoma

County

Securitization

Corporation)

$

90,000

5.000%,

6/1/2049,

Ser.

B-1

$

92,102

California

Educational

Fac.

Auth.

Rev.

(Stanford

University)

5,000,000

5.250%,

4/1/2040

6,287,953

8,300,000

5.000%,

6/1/2046,

Ser.

U-7

10,099,968

California

Municipal

Finance

Auth.

Mobile

Home

Park

Rev.

(Caritas)

900,000

5.250%,

8/15/2053,

Ser.

A

937,778

800,000

5.250%,

8/15/2058,

Ser.

A

831,131

California

Municipal

Finance

Auth.

Refg.

Rev.

(California

Lutheran

University)

275,000

5.000%,

10/1/2025

278,889

California

Municipal

Finance

Auth.

Rev.

Refg.

(HumanGood

-

CA

Obligated

Group)

1,385,000

5.000%,

10/1/2044,

Ser.

A

1,408,599

California

Municipal

Finance

Auth.

School

Fac.

Rev.

(St.

Mary's

School

-

Aliso

Viejo)

435,000

5.750%,

5/1/2054,

Ser.

A

c

452,045

140,000

5.875%,

5/1/2059,

Ser.

A

c

146,069

California

Municipal

Finance

Auth.

Solid

Waste

Disposal

Rev.

(Waste

Management,

Inc.)

1,000,000

4.125%,

10/1/2041,

Ser.

A,

AMT

a

1,002,424

California

Pollution

Control

Financing

Auth.

Water

Furnishing

Rev.

(Poseidon

Resources,

LP

Desalination)

1,000,000

5.000%,

7/1/2037,

AMT

c

1,101,133

550,000

5.000%,

7/1/2038,

AMT

c

602,118

500,000

5.000%,

11/21/2045,

AMT

c

531,389

California

Statewide

Communities

Development

Auth.

Rev.

(Enloe

Medical

Center)

(AGM

Insured)

500,000

5.250%,

8/15/2052,

Ser.

A

b

539,873

1,000,000

5.375%,

8/15/2057,

Ser.

A

b

1,085,367

California

Various

Purpose

G.O.

500,000

4.000%,

10/1/2050

504,125

10,000

5.250%,

4/1/2029

10,016

Fullerton,

CA

Public

Financing

Auth.

Rev.

Refg.

(Marshall

B.

Ketchum

University)

2,055,000

4.000%,

2/1/2046,

Ser.

A

1,965,426

Los

Angeles,

CA

Department

of

Water

&

Power

Rev.

Refg.

700,000

3.850%,

7/1/2035,

Ser.

A

a

700,000

Los

Angeles,

CA

Department

of

Water

&

Power

System

Rev.

Refg.

425,000

3.850%,

7/1/2035,

Ser.

A

a

425,000

San

Diego

County,

CA

Regional

Airport

Auth.

Rev.

2,500,000

5.000%,

7/1/2053,

Ser.

B,

AMT

2,642,083

5,145,000

5.250%,

7/1/2058,

Ser.

B,

AMT

5,524,156

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

California

(6.2%)

-

continued

San

Francisco,

CA

City

&

County

Airport

Commission

Rev.

(San

Francisco

International

Airport)

$

7,825,000

5.000%,

5/1/2044,

Ser.

A,

AMT

$

7,836,164

Santa

Monica

Community

College

District,

Los

Angeles

County,

CA

G.O.

5,000,000

Zero

Coupon,

8/1/2025,

Ser.

C

4,849,525

University

of

California

Regents

Medical

Center

Rev.

7,500,000

5.000%,

5/15/2047,

Ser.

P

8,172,613

Total

75,258,568

Colorado

(3.8%)

Centerra

Metropolitan

District

No.

1,

Larimer

County,

CO

Special

Rev.

750,000

6.500%,

12/1/2053

771,702

Colorado

Educational

and

Cultural

Fac.

Auth.

Charter

School

Rev.

Refg.

(Union

Colony

School)

600,000

5.000%,

4/1/2038

616,583

475,000

5.000%,

4/1/2048

480,321

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

Refg.

(American

Academy)

2,500,000

5.000%,

12/1/2050

2,543,749

2,500,000

5.000%,

12/1/2055

2,532,822

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

Refg.

(Global

Village

Academy

-

Northglenn)

1,155,000

5.000%,

12/1/2050

c

1,042,393

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

Refg.

(High

Point

Academy)

2,825,000

4.000%,

7/1/2040,

Ser.

A

2,749,594

Colorado

Health

Fac.

Auth.

Hospital

Rev.

Refg.

(Covenant

Living

Communities

and

Services)

1,340,000

4.000%,

12/1/2050,

Ser.

A

1,196,033

Colorado

Health

Fac.

Auth.

Hospital

Rev.

Refg.

(Intermountain

Healthcare)

5,000,000

4.000%,

5/15/2052,

Ser.

A

4,801,733

Colorado

Health

Fac.

Auth.

Rev.

Refg.

(CommonSpirit

Health)

2,000,000

5.250%,

12/1/2054,

Ser.

A

2,174,951

10,000,000

4.000%,

8/1/2049,

Ser.

A-2

9,296,129

Colorado

High

Performance

Transportation

Enterprise

Rev.

6,300,000

5.000%,

12/31/2047

6,306,960

Colorado

School

of

Mines

Institutional

Enterprise

Rev.

1,740,000

5.000%,

12/1/2047,

Ser.

A

1,787,396

Denver,

CO

City

&

County

Airport

System

Rev.

Refg.

1,250,000

5.750%,

11/15/2045,

Ser.

D,

AMT

1,407,305

Denver,

CO

Health

and

Hospital

Auth.

Healthcare

Rev.

Refg.

1,500,000

5.000%,

12/1/2034,

Ser.

A

c

1,541,842

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

231

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Colorado

(3.8%)

-

continued

Eagle

County,

CO

Air

Terminal

Corporation

Rev.

(Airport

Terminal)

$

1,000,000

5.000%,

5/1/2041,

Ser.

B,

AMT

$

1,007,518

Park

Creek,

CO

Metropolitan

District

Rev.

3,000,000

5.000%,

12/1/2041,

Ser.

A

3,031,807

2,250,000

5.000%,

12/1/2046,

Ser.

A

2,266,587

Total

45,555,425

Connecticut

(1.2%)

Connecticut

Health

&

Educational

Fac.

Auth.

Rev.

(Connecticut

Children's

Medical

Center)

850,000

4.250%,

7/15/2053,

Ser.

E

850,831

Connecticut

Health

&

Educational

Fac.

Auth.

Rev.

(Hartford

Healthcare)

2,000,000

4.000%,

7/1/2046,

Ser.

A

1,880,298

Connecticut

Health

&

Educational

Fac.

Auth.

Rev.

(McLean

Issue)

1,000,000

5.000%,

1/1/2045,

Ser.

A

c

909,395

Connecticut

Health

&

Educational

Fac.

Auth.

Rev.

(Quinnipiac

University)

5,000,000

5.250%,

7/1/2053,

Ser.

N

5,339,124

Connecticut

Health

&

Educational

Fac.

Auth.

Rev.

(Sacred

Heart

University)

500,000

4.000%,

7/1/2045,

Ser.

K

488,184

4,000,000

5.000%,

7/1/2047,

Ser.

L

4,215,449

Connecticut

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Sacred

Heart

University)

600,000

5.000%,

7/1/2042,

Ser.

I-1

608,521

Total

14,291,802

Delaware

(0.4%)

Delaware

Economic

Development

Auth.

Charter

School

Rev.

(Newark

Charter

School,

Inc.)

2,000,000

5.000%,

9/1/2050

2,032,788

600,000

4.000%,

9/1/2051

527,181

Delaware

Economic

Development

Auth.

Retirement

Communities

Rev.

(Acts

Retirement-Life

Communities,

Inc.)

1,000,000

5.250%,

11/15/2053,

Ser.

B

1,031,770

Kent

County,

DE

Student

Housing

and

Dining

Fac.

Rev.

(CHF-

Dover,

LLC

-

Delaware

State

University)

870,000

5.000%,

7/1/2040,

Ser.

A

883,012

500,000

5.000%,

7/1/2048,

Ser.

A

501,379

University

of

Delaware

Rev.

300,000

4.050%,

11/1/2034,

Ser.

B

a

300,000

Total

5,276,130

District

Of

Columbia

(0.7%)

District

of

Columbia

Rev.

(D.C.

Smart

Street

Lighting)

1,000,000

5.500%,

2/29/2036,

Ser.

A,

AMT

1,155,951

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

District

Of

Columbia

(0.7%)

-

continued

$

1,000,000

5.500%,

8/31/2036,

Ser.

A,

AMT

$

1,157,515

Metropolitan

Washington

DC

Airports

Auth.

Airport

System

Rev.

Refg.

1,000,000

4.500%,

10/1/2053,

Ser.

A,

AMT

1,007,576

1,000,000

5.250%,

10/1/2053,

Ser.

A,

AMT

1,067,067

2,000,000

5.500%,

10/1/2054,

Ser.

A,

AMT

2,197,926

1,000,000

5.250%,

10/1/2049,

Ser.

A,

AMT

1,075,057

Metropolitan

Washington

DC

Airports

Auth.

Dulles

Toll

Road

Rev.

Refg.

(Dulles

Metrorail

&

Captial

Improvement)

(AGM

Insured)

1,000,000

4.000%,

10/1/2049

b

961,326

Total

8,622,418

Florida

(5.1%)

Alachua

County,

FL

Health

Fac.

Auth.

Rev.

Refg.

(Oak

Hammock

at

the

University

of

Florida,

Inc.)

1,215,000

4.000%,

10/1/2046

1,037,251

500,000

4.000%,

10/1/2046

426,853

Cape

Coral,

FL

Utility

Improvement

Assessment

Refg.

(North

1

West

Area)

(BAM

Insured)

3,750,000

5.650%,

3/1/2054

b

4,187,832

Capital

Projects,

FL

Finance

Auth.

Student

Housing

Rev.

(Provident

Group

-

Continuum

Properties)

600,000

5.000%,

11/1/2053,

Ser.

A-1

601,836

Capital

Trust

Agency,

FL

Educational

Fac.

Rev.

(Liza

Jackson

Preparatory

School,

Inc.)

1,600,000

5.000%,

8/1/2055,

Ser.

A

1,585,979

CityPlace

Community

Development

District,

FL

Special

Assessment

Rev.

Refg.

1,050,000

5.000%,

5/1/2026

1,065,767

Escambia

County,

FL

Health

Fac.

Auth.

Rev.

Refg.

(Baptist

Health

Care

Corporation

Obligated

Group)

5,000,000

4.000%,

8/15/2045,

Ser.

A

4,562,230

Florida

Development

Finance

Corporation

Educational

Fac.

Lease

Rev.

Refg.

(Seaside

Community

Charter

School)

1,400,000

5.750%,

6/15/2047,

Ser.

A

1,464,190

Florida

Development

Finance

Corporation

Educational

Fac.

Rev.

(Mater

Academy)

1,000,000

5.000%,

6/15/2052,

Ser.

A

1,002,963

Florida

Development

Finance

Corporation

Educational

Fac.

Rev.

(River

City

Science

Academy)

245,000

5.000%,

7/1/2051,

Ser.

A-1

249,062

250,000

4.000%,

7/1/2055,

Ser.

A

213,425

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

232

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Florida

(5.1%)

-

continued

Florida

Development

Finance

Corporation

Healthcare

Fac.

Rev.

(Tampa

General

Hospital)

$

2,250,000

4.500%,

8/1/2055,

Ser.

A

$

2,236,425

Florida

Higher

Educational

Fac.

Financing

Auth.

Educational

Rev.

(Ringling

College)

5,000,000

5.000%,

3/1/2042

5,073,803

Florida

Municipal

Power

Agency

Rev.

1,000,000

5.000%,

10/1/2030,

Ser.

B

1,017,171

840,000

5.000%,

10/1/2031,

Ser.

B

854,038

Greater

Orlando,

FL

Aviation

Auth.

Airport

Fac.

Rev.

3,655,000

4.000%,

10/1/2052,

Ser.

A,

AMT

3,376,906

Lee

County,

FL

Industrial

Development

Auth.

Health

Care

Fac.

Rev.

(Cypress

Cove

at

Healthpark,

FL,

Inc.)

700,000

5.250%,

10/1/2052,

Ser.

A

641,396

Lee

Memorial

Health

System,

FL

Hospital

Rev.

Refg.

1,000,000

5.000%,

4/1/2044,

Ser.

A-1

1,033,889

Miami-Dade

County,

FL

Industrial

Development

Auth.

Rev.

(Pinecrest

Academy,

Inc.)

1,500,000

5.250%,

9/15/2044

1,499,928

Miami-Dade

County,

FL

Public

Fac.

Rev.

(Jackson

Health

System)

5,000,000

5.000%,

6/1/2035,

Ser.

A

5,043,983

Miami-Dade

County,

FL

Seaport

Rev.

Refg.

1,000,000

5.250%,

10/1/2052,

Ser.

A,

AMT

1,066,175

Orange

County,

FL

Health

Fac.

Auth.

Hospital

Rev.

(Orlando

Health)

1,250,000

5.000%,

10/1/2047,

Ser.

A

1,300,183

Osceola

County,

FL

Transportation

Rev.

Refg.

2,450,000

Zero

Coupon,

10/1/2043,

Ser.

A-2

966,518

Palm

Beach

County,

FL

Health

Fac.

Auth.

Hospital

Rev.

(Jupiter

Medical

Center,

Inc.)

1,000,000

5.000%,

11/1/2052,

Ser.

A

1,010,951

500,000

5.000%,

11/1/2047,

Ser.

A

508,189

Palm

Beach

County,

FL

Health

Fac.

Auth.

Rev.

Refg.

(Lifespace

Communities,

Inc.)

3,000,000

5.000%,

5/15/2038,

Ser.

C

3,004,835

Sarasota

County,

FL

Public

Hospital

District

Rev.

(Sarasota

Memorial

Hospital)

8,000,000

4.000%,

7/1/2052

7,592,683

Seminole

County,

FL

Industrial

Development

Auth.

Educational

Fac.

Rev.

(Galileo

Schools

for

Gifted

Learning)

300,000

4.000%,

6/15/2056,

Ser.

A

c

246,228

Tampa,

FL

Hospital

Rev.

Refg.

(H.

Lee

Moffitt

Cancer

Center)

5,000,000

5.000%,

7/1/2037,

Ser.

B

5,088,065

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Florida

(5.1%)

-

continued

Village

Community

Development

District

No.

15

Rev.

(City

of

Wildwood,

FL)

$

300,000

5.250%,

5/1/2054

c

$

310,079

Volusia

County,

FL

Educational

Fac.

Auth.

Rev.

Refg.

(Embry-

Riddle

Aeronautical

University,

Inc.)

3,000,000

5.000%,

10/15/2049,

Ser.

A

3,111,047

Total

61,379,880

Georgia

(2.0%)

Atlanta,

GA

Airport

Passenger

Fac.

Charge

Rev.

1,630,000

5.250%,

7/1/2044,

Ser.

E,

AMT

1,777,797

Atlanta,

GA

Airport

Rev.

2,500,000

5.000%,

7/1/2053,

Ser.

C,

AMT

2,619,363

3,500,000

5.000%,

7/1/2047,

Ser.

B,

AMT

3,680,080

2,655,000

5.000%,

7/1/2048,

Ser.

C,

AMT

2,798,620

Columbia

County,

GA

Hospital

Auth.

Rev.

(Wellstar

Health

System,

Inc.)

1,875,000

5.125%,

4/1/2048,

Ser.

A

2,018,070

George

L.

Smith

II

GA

World

Congress

Center

Auth.

Rev.

(Convention

Center

Hotel)

250,000

4.000%,

1/1/2054,

Ser.

A

222,753

Main

Street

Natural

Gas,

Inc.,

GA

Gas

Supply

Rev.

1,750,000

5.000%,

5/15/2028,

Ser.

A

1,820,912

1,920,000

5.000%,

5/15/2033,

Ser.

A

1,996,288

1,900,000

5.000%,

5/15/2034,

Ser.

A

1,969,200

Municipal

Electric

Auth.

of

Georgia

Rev.

(Plant

Vogtle

Units

3

&

4)

250,000

5.000%,

1/1/2056,

Ser.

A

255,909

Municipal

Electric

Auth.

of

Georgia

Rev.

Refg.

(Plant

Vogtle

Units

3

&

4)

2,000,000

5.000%,

7/1/2052,

Ser.

A

2,099,051

Private

Colleges

and

Universities

Auth.,

GA

Rev.

Refg.

(Mercer

University)

2,600,000

5.250%,

10/1/2051

2,805,709

Total

24,063,752

Guam

(0.1%)

Guam

Port

Auth.

Rev.

250,000

5.000%,

7/1/2048,

Ser.

A

253,518

Guam

Power

Auth.

Rev.

Refg.

700,000

5.000%,

10/1/2034,

Ser.

A

768,897

Total

1,022,415

Hawaii

(0.1%)

Hawaii

Department

of

Transportation

Airport

Division

Lease

Rev.

C.O.P.

1,600,000

5.000%,

8/1/2028,

AMT

1,601,217

Total

1,601,217

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

233

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Idaho

(0.5%)

College

of

Western

Idaho

Annual

Appropriation

C.O.P

$

3,800,000

5.000%,

8/1/2052

$

3,919,509

Idaho

Health

Fac.

Auth.

Rev.

Refg.

(St.

Luke's

Health

System)

1,000,000

4.000%,

3/1/2051,

Ser.

A

929,323

800,000

4.000%,

3/1/2046,

Ser.

A

758,937

Total

5,607,769

Illinois

(4.9%)

Chicago,

IL

Metropolitan

Water

Reclamation

District

G.O.

Refg.

6,550,000

5.250%,

12/1/2032,

Ser.

C

7,600,787

Chicago,

IL

O'Hare

International

Airport

Rev.

2,000,000

5.500%,

1/1/2055,

Ser.

A,

AMT

2,145,968

1,000,000

5.000%,

1/1/2047,

Ser.

D,

AMT

1,010,425

1,000,000

5.000%,

1/1/2047,

Ser.

G,

AMT

1,010,425

Chicago,

IL

O'Hare

International

Airport

Rev.

Refg.

5,000,000

5.000%,

1/1/2048,

Ser.

B

5,207,855

Chicago,

IL

Wastewater

Transmission

Rev.

(AGM

Insured)

5,000,000

5.250%,

1/1/2058,

Ser.

A

b

5,427,097

Chicago,

IL

Waterworks

Rev.

(AGM

Insured)

1,500,000

5.250%,

11/1/2053,

Ser.

A

b

1,630,707

Illinois

Finance

Auth.

Rev.

(DePaul

University)

1,000,000

5.000%,

10/1/2041

1,015,954

Illinois

Finance

Auth.

Rev.

(Plymouth

Place,

Inc.)

800,000

6.500%,

5/15/2047,

Ser.

A

854,244

Illinois

Finance

Auth.

Rev.

Refg.

(DePaul

College

Prep

Foundation)

250,000

5.625%,

8/1/2053,

Ser.

A

c

265,137

Illinois

Finance

Auth.

Rev.

Refg.

(Northwestern

Memorial

Healthcare)

4,000,000

5.000%,

7/15/2042,

Ser.

A

4,142,769

Illinois

Finance

Auth.

Rev.

Refg.

(Presbyterian

Homes)

2,500,000

4.000%,

5/1/2050,

Ser.

A

2,167,284

Illinois

Finance

Auth.

Rev.

Refg.

(Rosalind

Franklin

University)

1,750,000

5.000%,

8/1/2042,

Ser.

A

1,775,879

2,100,000

5.000%,

8/1/2047,

Ser.

A

2,117,658

Illinois

Finance

Auth.

Student

Housing

and

Academic

Fac.

Rev.

(University

of

Illinois

at

Chicago)

500,000

5.000%,

2/15/2032,

Ser.

A

508,864

2,885,000

5.000%,

2/15/2037

2,914,879

1,000,000

5.000%,

2/15/2047,

Ser.

A

995,960

Illinois

G.O.

1,000,000

5.500%,

5/1/2047,

Ser.

B

1,093,416

Illinois

Toll

Highway

Auth.

Rev.

3,610,000

5.000%,

1/1/2045,

Ser.

A

3,854,479

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Illinois

(4.9%)

-

continued

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

(McCormick

Place

Expansion)

(NATL-RE

Insured)

$

10,100,000

Zero

Coupon,

6/15/2035,

Ser.

A

b

$

6,617,028

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

Refg.

(McCormick

Place

Expansion)

500,000

5.000%,

6/15/2042,

Ser.

B

529,356

2,000,000

Zero

Coupon,

12/15/2047,

Ser.

B

d

1,448,291

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

Refg.

(McCormick

Place

Expansion)

(NATL-RE

Insured)

2,000,000

Zero

Coupon,

12/15/2024,

Ser.

A

b

1,973,840

Peoria,

IL

G.O.

(AGM

Insured)

1,250,000

4.000%,

1/1/2039,

Ser.

A

b

1,250,928

1,750,000

4.375%,

1/1/2042,

Ser.

A

b

1,803,402

Total

59,362,632

Indiana

(1.4%)

Indiana

Finance

Auth.

Health

Fac.

Rev.

(Margaret

Mary

Health)

1,650,000

5.750%,

3/1/2054,

Ser.

A

1,785,517

Indiana

Finance

Auth.

Hospital

Rev.

(Reid

Health)

(AGM

Insured)

4,750,000

4.250%,

1/1/2047

b

4,671,378

Indiana

Finance

Auth.

Student

Housing

Rev.

(Tippecanoe,

LLC

Student

Housing)

600,000

5.125%,

6/1/2058,

Ser.

A

620,086

2,250,000

5.375%,

6/1/2064,

Ser.

A

2,349,103

Indianapolis,

IN

Local

Public

Improvement

Bank

Convention

Center

Hotel

Rev.

1,000,000

6.000%,

3/1/2053,

Ser.

E

1,102,330

750,000

6.125%,

3/1/2057,

Ser.

E

826,616

Northern

Indiana

Commuter

Transportation

District

Industrial

Rev.

1,000,000

5.000%,

1/1/2054

1,068,804

St.

Joseph

County,

IN

Economic

Development

Rev.

(St.

Mary's

College)

3,705,000

5.000%,

4/1/2043,

Ser.

2019

3,837,726

Valparaiso,

IN

Exempt

Fac.

Rev.

Refg.

(Pratt

Paper,

LLC)

350,000

5.000%,

1/1/2054,

AMT

c

361,670

Total

16,623,230

Iowa

(0.8%)

Iowa

Finance

Auth.

Rev.

(Lifespace

Communities,

Inc.)

6,350,000

5.000%,

5/15/2043,

Ser.

A

6,296,066

Iowa

Higher

Education

Loan

Auth.

Fac.

Rev.

(Des

Moines

University)

2,500,000

4.000%,

10/1/2050

2,246,151

650,000

5.375%,

10/1/2052

676,171

Total

9,218,388

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

234

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Kansas

(0.5%)

Lenexa,

KS

Health

Care

Fac.

Rev.

Refg.

(Lakeview

Village,

Inc.)

$

2,750,000

5.000%,

5/15/2039,

Ser.

A

$

2,769,597

Overland

Park,

KS

Sales

Tax

Special

Obligation

Rev.

(Bluhawk

Sports

Park)

350,000

6.500%,

11/15/2042,

Ser.

A

c

360,001

University

of

Kansas

Hospital

Auth.

Health

Fac.

Rev.

Refg.

3,410,000

5.000%,

3/1/2047,

Ser.

A

3,474,158

Total

6,603,756

Kentucky

(0.8%)

Hazard,

KY

Healthcare

Rev.

(Appalachian

Regional

Healthcare)

1,000,000

4.000%,

7/1/2041

940,597

Louisville

&

Jefferson

County,

KY

Metropolitan

Government

Hospital

Rev.

(University

of

Louisville

Health)

8,000,000

5.000%,

5/15/2052,

Ser.

A

8,237,588

Paducah,

KY

Electric

Plant

Board

Rev.

(AGM

Insured)

750,000

5.000%,

10/1/2035,

Ser.

A

b

770,854

Total

9,949,039

Louisiana

(0.5%)

Louisiana

Local

Government

Environmental

Fac.

and

Community

Development

Auth.

Rev.

(Caddo-Bossier

Parishes

Port

Commission)

(AGM

Insured)

850,000

5.000%,

4/1/2053,

Ser.

B

b

888,482

Louisiana

Stadium

and

Exposition

District

Rev.

Refg.

2,000,000

5.250%,

7/1/2053,

Ser.

A

2,177,326

1,500,000

5.000%,

7/1/2048,

Ser.

A

1,613,910

Port

of

New

Orleans,

LA

Board

of

Commissioners

Port

Fac.

Rev.

Refg.

(AGM

Insured)

1,500,000

5.000%,

4/1/2043,

Ser.

B,

AMT

b

1,538,431

Total

6,218,149

Maine

(0.1%)

Maine

Health

and

Higher

Educational

Fac.

Auth.

Rev.

Refg.

(University

of

New

England)

1,000,000

4.000%,

7/1/2046,

Ser.

A

978,615

Total

978,615

Maryland

(0.7%)

Baltimore

County,

MD

Rev.

Refg.

(Oak

Crest

Village,

Inc.

Fac.)

2,000,000

4.000%,

1/1/2050

1,783,605

Maryland

Economic

Development

Corporation

Student

Housing

Rev.

(Morgan

State

University)

1,000,000

5.750%,

7/1/2053,

Ser.

A

1,093,065

1,325,000

6.000%,

7/1/2058,

Ser.

A

1,468,410

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Maryland

(0.7%)

-

continued

Maryland

Economic

Development

Corporation

Student

Housing

Rev.

(University

of

Maryland,

College

Park

-

Leonardtown)

(AGM

Insured)

$

2,000,000

5.125%,

7/1/2059

b

$

2,119,802

Maryland

Health

and

Higher

Educational

Fac.

Auth.

Rev.

(Loyola

University)

1,000,000

5.000%,

10/1/2045

1,000,035

Maryland

Health

and

Higher

Educational

Fac.

Auth.

Rev.

Refg.

(Frederick

Health

System)

200,000

4.000%,

7/1/2050

188,833

600,000

5.250%,

7/1/2053

632,447

200,000

4.000%,

7/1/2045

192,115

Total

8,478,312

Massachusetts

(2.8%)

Massachusetts

Bay

Transportation

Auth.

Sales

Tax

Rev.

(NATL-RE

Insured)

5,000,000

5.500%,

7/1/2025,

Ser.

B

b

5,120,637

Massachusetts

Development

Finance

Agency

Rev.

(Merrimack

College)

800,000

5.000%,

7/1/2052

809,036

Massachusetts

Development

Finance

Agency

Rev.

Refg.

(Boston

Medical

Center)

4,000,000

5.250%,

7/1/2052,

Ser.

G

4,292,270

Massachusetts

Development

Finance

Agency

Rev.

Refg.

(Northeastern

University)

2,750,000

5.000%,

10/1/2044

3,019,590

Massachusetts

Development

Finance

Agency

Rev.

Refg.

(Southcoast

Health

System

Obligated

Group)

500,000

4.000%,

7/1/2046,

Ser.

G

465,603

Massachusetts

G.O.

3,125,000

5.000%,

9/1/2048,

Ser.

E

3,256,837

Massachusetts

Health

&

Educational

Fac.

Auth.

Rev.

(Massachusetts

Institute

of

Technology)

9,295,000

5.250%,

7/1/2033,

Ser.

L

11,073,028

Massachusetts

Health

&

Educational

Fac.

Auth.

Rev.

(Tufts

University)

5,400,000

5.500%,

2/15/2028,

Ser.

M

5,870,039

Total

33,907,040

Michigan

(3.6%)

Grand

Valley

State

University,

MI

General

Rev.

Refg.

650,000

5.000%,

12/1/2029,

Ser.

B

653,260

Grand

Valley

State

University,

MI

Rev.

1,850,000

5.000%,

12/1/2031,

Ser.

A

1,860,381

Great

Lakes

Water

Auth.,

MI

Sewage

Disposal

System

Rev.

5,000,000

5.500%,

7/1/2052,

Ser.

B

5,535,012

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

235

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Michigan

(3.6%)

-

continued

Great

Lakes

Water

Auth.,

MI

Water

Supply

System

Rev.

$

10,000,000

5.000%,

7/1/2046,

Ser.

A

$

10,191,937

Michigan

Finance

Auth.

Higher

Education

Fac.

Limited

Obligation

Rev.

Refg.

(Calvin

University)

1,300,000

4.000%,

9/1/2050

1,162,951

2,110,000

4.000%,

9/1/2046

1,936,883

Michigan

Strategic

Fund

Limited

Obligation

Rev.

(I-75

Improvement)

535,000

5.000%,

12/31/2033,

AMT

554,246

7,775,000

5.000%,

12/31/2043,

AMT

7,922,639

5,110,000

5.000%,

6/30/2048,

AMT

5,177,993

Saginaw,

MI

City

School

District

U.T.G.O.

2,500,000

4.000%,

5/1/2050

2,396,924

Wayne

County,

MI

Airport

Auth.

Rev.

(Detroit

Metropolitan

Wayne

County

Airport)

(AGM

Insured)

3,965,000

5.250%,

12/1/2048,

Ser.

A

b

4,388,742

1,750,000

5.500%,

12/1/2048,

Ser.

B,

AMT

b

1,927,775

Total

43,708,743

Minnesota

(4.1%)

Bethel,

MN

Housing

and

Health

Care

Fac.

Rev.

Refg.

500,000

6.250%,

3/1/2054,

Ser.

A

502,111

Deephaven,

MN

Charter

School

Lease

Rev.

(Eagle

Ridge

Academy)

2,360,000

5.000%,

7/1/2043,

Ser.

A

2,376,370

Duluth,

MN

Economic

Development

Auth.

Health

Care

Fac.

Rev.

(St.

Luke's

Hospital

of

Duluth

Obligated

Group)

2,500,000

5.250%,

6/15/2052,

Ser.

B

2,706,739

2,500,000

5.250%,

6/15/2047,

Ser.

B

2,717,972

Ham

Lake,

MN

Charter

School

Lease

Rev.

(DaVinci

Academy

of

Arts

and

Science)

340,000

5.000%,

7/1/2036,

Ser.

A

332,275

Minneapolis,

MN

Health

Care

System

Rev.

Refg.

(Fairview

Health

Services)

5,000,000

5.000%,

11/15/2049,

Ser.

A

5,039,556

Minneapolis,

MN

Student

Housing

Rev.

(Riverton

Community

Housing)

500,000

5.000%,

8/1/2053

c

494,713

Minneapolis-St.

Paul,

MN

Metropolitan

Airports

Commission

Rev.

Refg.

1,500,000

4.250%,

1/1/2052,

Ser.

A

1,498,095

1,045,000

5.250%,

1/1/2047,

Ser.

B,

AMT

1,115,094

Minnesota

Agricultural

and

Economic

Development

Board

Health

Care

Fac.

Rev.

(HealthPartners

Obligated

Group)

2,500,000

5.250%,

1/1/2054

2,706,273

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Minnesota

(4.1%)

-

continued

Minnesota

Higher

Education

Fac.

Auth.

Rev.

(University

of

St.

Thomas)

$

1,500,000

5.000%,

10/1/2052,

Ser.

A

$

1,570,358

4,000,000

5.000%,

10/1/2052,

Ser.

B

4,187,623

Minnesota

Higher

Education

Fac.

Auth.

Rev.

Refg.

(Gustavus

Adolphus

College)

4,250,000

5.000%,

10/1/2047

4,314,818

Minnesota

Higher

Education

Fac.

Auth.

Rev.

Refg.

(St.

Catherine

University)

1,015,000

5.000%,

10/1/2045,

Ser.

A

1,021,682

Minnesota

Municipal

Power

Agency

Electric

Rev.

1,500,000

5.000%,

10/1/2047

1,522,619

North

Oaks,

MN

Senior

Housing

Rev.

Refg.

(Waverly

Gardens)

4,000,000

5.000%,

10/1/2047

4,014,381

Rochester,

MN

Health

Care

Fac.

Rev.

Refg.

(Mayo

Clinic)

3,000,000

5.000%,

11/15/2057

3,223,623

St.

Joseph,

MN

Senior

Housing

&

Healthcare

Rev.

(Woodcrest

of

Country

Manor)

1,275,000

5.000%,

7/1/2055,

Ser.

A

1,122,483

St.

Paul,

MN

Housing

&

Redevelopment

Auth.

Health

Care

Fac.

Rev.

Refg.

(HealthPartners)

5,945,000

5.000%,

7/1/2032,

Ser.

A

5,996,975

St.

Paul,

MN

Housing

&

Redevelopment

Auth.

Health

Care

Rev.

Refg.

(Fairview

Health

Services)

1,945,000

5.000%,

11/15/2047,

Ser.

A

1,970,833

St.

Paul,

MN

Housing

&

Redevelopment

Auth.

Rev.

Refg.

(Rossy

&

Richard

Shaller

Family

Sholom

East

Campus)

1,000,000

5.000%,

10/1/2043

860,396

Wayzata,

MN

Senior

Housing

Rev.

Refg.

(Folkestone

Senior

Living

Community)

500,000

5.000%,

8/1/2049

502,832

Woodbury,

MN

Charter

School

Lease

Rev.

Refg.

(MSA

Building

Company)

250,000

4.000%,

12/1/2050

205,965

Total

50,003,786

Mississippi

(0.4%)

Medical

Center

Educational

Building

Corporation

Rev.

(Colony

Park

Teaching

Campus)

5,000,000

4.000%,

6/1/2053,

Ser.

A

4,782,721

Mississippi

Business

Finance

Commission

Gulf

Opportunity

Zone

Industrial

Rev.

(Chevron

USA,

Inc.)

100,000

4.050%,

12/1/2030,

Ser.

A

a

100,000

Total

4,882,721

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

236

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Missouri

(1.1%)

Kansas

City,

MO

Industrial

Development

Auth.

Airport

Rev.

(Kansas

City

International

Airport)

(AGM

Insured)

$

5,000,000

4.000%,

3/1/2050,

Ser.

A,

AMT

b

$

4,725,374

Lee's

Summit,

MO

Industrial

Development

Auth.

Senior

Living

Fac.

Rev.

Refg.

(John

Knox

Village)

500,000

5.750%,

8/15/2059,

Ser.

A

517,329

1,200,000

5.000%,

8/15/2042,

Ser.

A

1,157,135

Missouri

Health

and

Educational

Fac.

Auth.

Health

Fac.

Rev.

(Mercy

Health)

2,000,000

5.000%,

12/1/2052

2,137,850

Missouri

Health

and

Educational

Fac.

Auth.

Rev.

Refg.

(Lake

Regional

Health

System)

1,200,000

4.000%,

2/15/2051

1,009,019

Ozark,

MO

R-6

School

District

C.O.P

530,000

5.000%,

4/1/2042

565,788

250,000

5.000%,

4/1/2045

264,919

Taney

County,

MO

Industrial

Development

Auth.

Sales

Tax

Rev.

(Big

Cedar

Infrastructure)

2,750,000

6.000%,

10/1/2049

c

2,766,155

Total

13,143,569

Montana

(0.6%)

Missoula,

MT

Water

Systems

Rev.

800,000

5.000%,

7/1/2039,

Ser.

A

850,616

Montana

Fac.

Finance

Auth.

Health

Care

Fac.

Rev.

(Montana

Children's

Home

and

Hospital)

4,000,000

4.000%,

7/1/2050,

Ser.

A

2,690,423

1,000,000

4.000%,

7/1/2044

744,539

Montana

Fac.

Finance

Auth.

Health

Fac.

Rev.

Refg.

(Bozeman

Deaconess

Health

Services

Obligated

Group)

2,750,000

4.000%,

6/1/2045,

Ser.

A

2,587,176

Total

6,872,754

Nebraska

(1.8%)

Dodge

County,

NE

School

District

No.

1

U.T.G.O.

(Fremont

Public

Schools)

(AGM

Insured)

3,000,000

5.000%,

12/15/2048

b

3,246,142

Douglas

County,

NE

Hospital

Auth.

No.

2

Health

Fac.

Rev.

(Children's

Hospital)

2,105,000

5.000%,

11/15/2047

2,137,507

Omaha,

NE

Public

Power

District

Electric

Rev.

8,150,000

5.000%,

2/1/2045,

Ser.

A

8,150,000

8,275,000

5.000%,

2/1/2046,

Ser.

A

8,808,848

Total

22,342,497

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Nevada

(0.5%)

Carson

City,

NV

Hospital

Rev.

Refg.

(Carson

Tahoe

Regional

Medical

Center)

$

1,500,000

5.000%,

9/1/2042,

Ser.

A

$

1,528,852

3,250,000

5.000%,

9/1/2047,

Ser.

A

3,295,087

Las

Vegas,

NV

Convention

and

Visitors

Auth.

Convention

Center

Expansion

and

Renovation

Rev.

1,000,000

5.000%,

7/1/2049,

Ser.

A

1,074,331

Las

Vegas,

NV

Special

Improvement

District

No.

817

Special

Assessment

(Summerlin

Village

29)

100,000

6.000%,

6/1/2053

104,141

350,000

6.000%,

6/1/2048

367,163

Total

6,369,574

New

Hampshire

(0.5%)

National

Finance

Auth.,

NH

Rev.

(Presbyterian

Senior

Living)

750,000

5.250%,

7/1/2048,

Ser.

A

790,661

New

Hampshire

Health

and

Education

Fac.

Auth.

Rev.

(BAM

Insured)

5,000,000

5.000%,

8/1/2059,

Ser.

A

b

5,442,175

Total

6,232,836

New

Jersey

(3.1%)

Camden

County,

NJ

Improvement

Auth.

School

Rev.

(Kipp:

Cooper

Norcross

Academy

-

2022)

400,000

6.000%,

6/15/2052

431,610

750,000

6.000%,

6/15/2047

814,437

New

Jersey

Economic

Development

Auth.

Rev.

1,485,000

5.000%,

6/15/2043,

Ser.

EEE

e

1,619,771

2,515,000

5.000%,

6/15/2043,

Ser.

EEE

2,609,755

New

Jersey

Economic

Development

Auth.

Social

Rev.

(School

Improvements)

300,000

4.000%,

6/15/2050,

Ser.

QQQ

289,852

New

Jersey

Health

Care

Fac.

Financing

Auth.

Rev.

(RWJ

Barnabas

Health)

3,015,000

4.000%,

7/1/2051,

Ser.

A

2,949,122

New

Jersey

Transportation

Trust

Fund

Auth.

Rev.

10,000,000

4.000%,

6/15/2050,

Ser.

BB

9,723,215

500,000

5.500%,

6/15/2050,

Ser.

CC

552,300

1,000,000

5.250%,

6/15/2033,

Ser.

AA

1,013,824

1,645,000

5.250%,

6/15/2034,

Ser.

AA

1,666,405

New

Jersey

Transportation

Trust

Fund

Auth.

Rev.

Refg.

2,000,000

5.000%,

12/15/2039,

Ser.

A

2,137,358

New

Jersey

Turnpike

Auth.

Rev.

1,000,000

4.125%,

1/1/2054,

Ser.

B

997,206

Ocean

County,

NJ

Utilities

Auth.

Waste

Water

Rev.

(NATL-RE

Insured)

3,180,000

5.250%,

1/1/2025

b

3,208,465

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

237

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

New

Jersey

(3.1%)

-

continued

Tobacco

Settlement

Financing

Corporation,

NJ

Rev.

Refg.

$

8,950,000

5.250%,

6/1/2046,

Ser.

A

$

9,269,395

Total

37,282,715

New

York

(9.1%)

Buffalo

&

Erie

County,

NY

Industrial

Land

Development

Corporation

Rev.

1,500,000

5.000%,

8/1/2047,

Ser.

A

1,502,854

Build

NYC

Resource

Corporation,

NY

Rev.

(East

Harlem

Scholars

Academy

Charter

School)

345,000

5.750%,

6/1/2052

c

361,471

Build

NYC

Resource

Corporation,

NY

Rev.

(Global

Community

Charter

School)

1,275,000

5.000%,

6/15/2052,

Ser.

A

1,286,455

Build

NYC

Resource

Corporation,

NY

Rev.

(Unity

Preparatory

Charter

School

of

Brooklyn)

1,075,000

5.500%,

6/15/2053,

Ser.

A

c

1,117,724

Metropolitan

Transportation

Auth.,

NY

Rev.

2,750,000

5.000%,

11/15/2045,

Ser.

A-2

a

2,968,399

Monroe

County,

NY

Industrial

Development

Corporation

Rev.

(True

North

Rochester

Preparatory

Charter

School)

1,000,000

5.000%,

6/1/2050,

Ser.

A

c

1,012,924

New

York

City,

NY

G.O.

2,250,000

4.500%,

5/1/2049,

Ser.

D-1

2,306,075

New

York

City,

NY

Municipal

Water

Finance

Auth.

Water

and

Sewer

System

Rev.

17,000,000

4.000%,

6/15/2051,

Ser.

AA-1

16,442,085

4,000,000

4.125%,

6/15/2047,

Ser.

DD

3,966,328

100,000

4.050%,

6/15/2048,

Ser.

AA-1

a

100,000

160,000

4.050%,

6/15/2049,

Ser.

BB-1

a

160,000

New

York

City,

NY

Transitional

Finance

Auth.

Building

Aid

Rev.

16,625,000

5.000%,

7/15/2043,

Ser

S-1

17,371,276

New

York

City,

NY

Transitional

Finance

Auth.

Future

Tax

Secured

Rev.

3,000,000

4.000%,

5/1/2053,

Ser.

A-1

2,913,027

3,105,000

4.050%,

8/1/2041

a

3,105,000

New

York

Dormitory

Auth.

Personal

Income

Tax

Rev.

Refg.

8,310,000

5.000%,

2/15/2043,

Ser.

B

8,605,120

10,000

5.000%,

2/15/2043,

Ser.

B

e

10,628

10,000

5.000%,

2/15/2043,

Ser.

B

e

10,628

New

York

Dormitory

Auth.

Rev.

Refg.

(Yeshiva

University)

1,500,000

5.000%,

7/15/2050,

Ser.

A

1,519,968

2,200,000

5.000%,

7/15/2042,

Ser.

A

2,268,701

New

York

Transportation

Development

Corporation

Exempt

Fac.

Rev.

(State

Thruway

Service

Areas)

750,000

4.000%,

4/30/2053,

AMT

638,645

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

New

York

(9.1%)

-

continued

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(John

F.

Kennedy

International

Airport

New

Terminal

One)

$

3,000,000

6.000%,

6/30/2054,

AMT

$

3,265,396

8,500,000

5.500%,

6/30/2060,

AMT

9,043,483

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(LaGuardia

Airport

)

775,000

5.000%,

1/1/2036,

AMT

796,196

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(LaGuardia

Airport

Terminal

C&D

Redevelopment)

500,000

6.000%,

4/1/2035,

AMT

563,959

750,000

5.625%,

4/1/2040,

AMT

810,763

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(Terminal

4

John

F.

Kennedy

International

Airport)

1,000,000

5.000%,

12/1/2039,

AMT

1,062,949

1,000,000

5.000%,

12/1/2040,

AMT

1,057,007

1,000,000

5.000%,

12/1/2041,

AMT

1,052,650

600,000

5.000%,

12/1/2042,

AMT

627,930

New

York

Urban

Development

Corporation

Rev.

15,000,000

4.000%,

3/15/2045,

Ser.

A

14,696,708

Oneida

Indian

Nation,

NY

Tax

Rev.

250,000

6.000%,

9/1/2043,

Ser.

B

c

274,247

Port

Auth.

of

New

York

&

New

Jersey

Rev.

Refg.

5,000,000

5.000%,

9/15/2034,

Ser.

207,

AMT

5,198,002

1,715,000

5.000%,

9/15/2048,

Ser.

207,

AMT

1,748,178

Triborough,

NY

Bridge

&

Tunnel

Auth.

Rev.

1,000,000

5.250%,

11/15/2045,

Ser.

A

1,013,575

Troy,

NY

Capital

Resource

Corporation

Rev.

Refg.

(Rensselaer

Polytecnic

Institute)

750,000

5.000%,

9/1/2039,

Ser.

A

805,764

Total

109,684,115

North

Carolina

(1.0%)

Appalachian

State

University,

NC

Rev.

2,510,000

5.000%,

5/1/2044

2,622,650

Charlotte,

NC

Airport

Rev.

Refg.

(Charlotte

Douglas

International

Airport)

2,500,000

4.250%,

7/1/2052,

Ser.

B,

AMT

2,452,716

Fuquay-Varina,

NC

Combined

Utilities

Rev.

1,325,000

4.000%,

2/1/2044,

Ser.

B

f

1,325,189

Greater

Asheville,

NC

Regional

Airport

Auth.

Rev.

(AGM

Insured)

750,000

5.250%,

7/1/2053,

AMT

b

800,688

1,000,000

5.250%,

7/1/2048,

AMT

b

1,075,548

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

238

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

North

Carolina

(1.0%)

-

continued

North

Carolina

Medical

Care

Commission

Health

Care

Fac.

Rev.

(Presbyterian

Homes)

$

1,250,000

5.000%,

10/1/2050,

Ser.

A

$

1,279,874

North

Carolina

Medical

Care

Commission

Retirement

Fac.

First

Mortgage

Rev.

(The

United

Methodist

Retirement

Homes)

750,000

5.125%,

10/1/2054,

Ser.

A

777,003

North

Carolina

Medical

Care

Commission

Retirement

Fac.

Rev.

Refg.

(Plantation

Village,

Inc.)

1,500,000

4.000%,

1/1/2052,

Ser.

A

1,221,566

Total

11,555,234

North

Dakota

(0.5%)

Grand

Forks,

ND

Health

Care

System

Rev.

(Altru

Health

System)

(AGM

Insured)

250,000

5.000%,

12/1/2053,

Ser.

A

b

259,885

250,000

5.000%,

12/1/2048,

Ser.

A

b

261,906

Horace,

ND

Refg.

Improvement

U.T.G.O.

1,800,000

5.000%,

5/1/2048,

Ser.

A

1,763,933

University

of

North

Dakota

C.O.P.

(Infrastructure

Energy

Improvement)

3,775,000

5.000%,

4/1/2048,

Ser.

A

3,886,266

Total

6,171,990

Ohio

(3.7%)

Akron

Bath

and

Copley

Joint

Township,

OH

Hospital

Fac.

Rev.

Refg.

(Summa

Health

System)

1,600,000

4.000%,

11/15/2037

1,544,248

American

Municipal

Power

Ohio,

Inc.

Rev.

(Greenup

Hydroelectric)

1,000,000

5.000%,

2/15/2041,

Ser.

A

1,016,396

Bowling

Green

State

University,

OH

Rev.

Refg.

500,000

4.000%,

6/1/2045,

Ser.

A

494,530

Buckeye

Tobacco

Settlement

Financing

Auth.,

OH

Rev.

Refg.

10,485,000

5.000%,

6/1/2055,

Ser.

B-2

9,709,791

Hamilton

County,

OH

Healthcare

Rev.

(Life

Enriching

Communities)

1,000,000

5.750%,

1/1/2053,

Ser.

A

1,046,071

Montgomery

County,

OH

Hospital

Fac.

Improvement

Rev.

Refg.

(Kettering

Health

Network

Obligated

Group)

800,000

4.000%,

8/1/2051

722,100

Montgomery

County,

OH

Hospital

Fac.

Rev.

Refg.

(Dayton

Children's

Hospital)

1,500,000

4.000%,

8/1/2046

1,450,541

Ohio

Higher

Educational

Fac.

Commission

Rev.

(Kenyon

College)

3,025,000

5.000%,

7/1/2042

3,117,165

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Ohio

(3.7%)

-

continued

Ohio

Higher

Educational

Fac.

Commission

Rev.

Refg.

(University

of

Findlay)

$

2,400,000

5.000%,

3/1/2034

$

2,362,058

Ohio

Turnpike

Commission

Rev.

8,945,000

5.700%,

2/15/2034,

Ser.

A-4

a

10,396,186

Ohio

Turnpike

Commission

Rev.

Refg.

(NATL-RE

Insured)

10,000,000

5.500%,

2/15/2026,

Ser.

A

b

10,264,856

Port

of

Greater

Cincinnati,

OH

Development

Auth.

Rev.

Refg.

(Duke

Energy

Convention

Center)

750,000

5.000%,

12/1/2053,

Ser.

B

788,592

500,000

5.000%,

12/1/2063,

Ser.

B

523,821

Port

of

Greater

Cincinnati,

OH

Development

Auth.

Rev.

Refg.

(Duke

Energy

Convention

Center)

(AGM

Insured)

750,000

4.375%,

12/1/2058,

Ser.

B

b

745,702

Total

44,182,057

Oklahoma

(0.9%)

Oklahoma

Turnpike

Auth.

Rev.

2,500,000

5.000%,

1/1/2042,

Ser.

A

2,539,808

5,665,000

5.000%,

1/1/2047,

Ser.

C

5,810,537

Oklahoma

Water

Resources

Board

Loan

Program

Rev.

2,005,000

5.000%,

10/1/2040,

Ser.

A

2,060,606

Osage

County,

OK

Industrial

Auth.

Use

Tax

Rev.

1,000,000

6.500%,

9/1/2040

1,078,089

Total

11,489,040

Oregon

(1.8%)

Astoria,

OR

Hospital

Fac.

Auth.

Rev.

(Columbia

Memorial

Hospital)

250,000

5.250%,

8/1/2054

265,234

750,000

5.250%,

8/1/2044

813,827

500,000

5.250%,

8/1/2049

533,505

Clackamas

&

Washington

Counties,

OR

Joint

School

District

No.

3

G.O.

(West

Linn-Wilsonville

Schools)

700,000

Zero

Coupon,

6/15/2040,

Ser.

A

344,776

Clackamas

County,

OR

School

District

No.

62C

U.T.G.O.

3,500,000

5.000%,

6/15/2049,

Ser.

B

3,653,836

Multnomah

&

Clackamas

Counties,

OR

School

District

G.O.

520,000

Zero

Coupon,

6/15/2035,

Ser.

A

337,786

Port

of

Portland,

OR

Airport

Rev.

(Portland

International

Airport)

5,000,000

5.000%,

7/1/2052,

Ser.

28,

AMT

5,195,928

Port

of

Portland,

OR

Airport

Rev.

Refg.

(Portland

International

Airport)

4,750,000

5.000%,

7/1/2044,

Ser.

25B,

AMT

4,895,999

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

239

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Oregon

(1.8%)

-

continued

Salem,

OR

Hospital

Fac.

Auth.

Rev.

Refg.

(Capital

Manor)

$

400,000

4.000%,

5/15/2057

$

312,816

Salem-Keizer

School

District

No.

24J,

Marion

and

Polk

Counties,

OR

G.O.

5,000,000

Zero

Coupon,

6/15/2028,

Ser.

B

4,381,818

Warm

Springs,

OR

Reservation

Confederated

Tribes

Hydroelectric

Rev.

Refg.

(Pelton-

Round

Butte)

800,000

5.000%,

11/1/2039,

Ser.

B

c

855,947

Total

21,591,472

Pennsylvania

(4.0%)

Allegheny

County,

PA

Airport

Auth.

Rev.

(Pittsburgh

International

Airport)

1,650,000

5.000%,

1/1/2051,

Ser.

A,

AMT

1,708,734

Allegheny

County,

PA

Airport

Auth.

Rev.

(Pittsburgh

International

Airport)

(AGM

Insured)

1,500,000

5.500%,

1/1/2053,

Ser.

A,

AMT

b

1,637,240

4,500,000

5.500%,

1/1/2048,

Ser.

A,

AMT

b

4,953,252

Berks

County,

PA

Industrial

Development

Auth.

Healthcare

Fac.

Rev.

Refg.

(Highlands

at

Wyomissing)

460,000

5.000%,

5/15/2043

e

475,240

410,000

5.000%,

5/15/2048

e

423,583

Cumberland

County,

PA

Municipal

Auth.

Rev.

(Diakon

Lutheran

Social

Ministries)

670,000

5.000%,

1/1/2038

670,850

Northampton

County,

PA

General

Purpose

Auth.

Hospital

Rev.

Refg.

(St.

Luke's

University

Health

Network)

8,330,000

5.250%,

8/15/2053,

Ser.

A-1

8,929,704

Pennsylvania

Economic

Development

Financing

Auth.

Rev.

(Penndot

Major

Bridges

Package

One)

1,500,000

6.000%,

6/30/2061,

AMT

1,633,110

Pennsylvania

Economic

Development

Financing

Auth.

Rev.

(Presbyterian

Senior

Living)

1,000,000

5.250%,

7/1/2049,

Ser.

B-1

1,052,169

Pennsylvania

Economic

Development

Financing

Auth.

Rev.

(Villanova

University)

2,200,000

4.000%,

8/1/2054

2,141,298

Pennsylvania

Economic

Development

Financing

Auth.

Rev.

Refg.

(Presbyterian

Senior

Living)

1,000,000

4.000%,

7/1/2046

924,184

Pennsylvania

Economic

Development

Financing

Auth.

Rev.

Refg.

(UPMC)

2,000,000

5.000%,

2/15/2047,

Ser.

A

2,126,857

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Pennsylvania

(4.0%)

-

continued

Pennsylvania

Turnpike

Commission

Turnpike

Rev.

(AGM

Insured)

$

10,440,000

6.250%,

6/1/2033,

Ser.

C

a,b

$

11,015,766

Pennsylvania

Turnpike

Commission

Turnpike

Rev.

(BAM

Insured)

6,090,000

Zero

Coupon,

12/1/2041,

Ser.

A-3

b

2,887,256

Pennsylvania

Turnpike

Commission

Turnpike

Rev.

Refg.

7,000,000

5.250%,

12/1/2053,

Ser.

A

7,706,456

Total

48,285,699

Puerto

Rico

(0.5%)

Puerto

Rico

Sales

Tax

Financing

Corporation

Rev.

1,000,000

4.750%,

7/1/2053,

Ser.

A-1

991,260

5,296,000

4.550%,

7/1/2040,

Ser.

A-1

5,297,694

Total

6,288,954

South

Carolina

(2.0%)

South

Carolina

Jobs

Economic

Development

Auth.

Health

Care

Fac.

Rev.

(Novant

Health

Obligated

Group)

5,000,000

4.500%,

11/1/2054,

Ser.

A

5,016,826

South

Carolina

Jobs

Economic

Development

Auth.

Hospital

Fac.

Rev.

Refg.

(Bon

Secours

Mercy

Health,

Inc.)

2,000,000

5.000%,

12/1/2046,

Ser.

A

2,097,012

South

Carolina

Jobs

Economic

Development

Auth.

Hospital

Rev.

(AnMed

Health)

5,000,000

5.250%,

2/1/2053

5,410,567

4,500,000

4.250%,

2/1/2048

4,527,308

South

Carolina

Jobs

Economic

Development

Auth.

Rev.

(Bishop

Gadsden

Episcopal

Retirement

Community)

2,460,000

5.000%,

4/1/2054,

Ser.

A

2,418,725

South

Carolina

Jobs

Economic

Development

Auth.

Rev.

Refg.

(Life

Communities,

Inc.)

2,000,000

5.000%,

11/15/2047,

Ser.

C

2,033,015

South

Carolina

Public

Service

Auth.

Rev.

Refg.

1,000,000

5.250%,

12/1/2054,

Ser.

B

1,078,850

South

Carolina

Public

Service

Auth.

Rev.

Refg.

(AGM

Insured)

1,250,000

5.000%,

12/1/2054,

Ser.

B

b

1,330,228

Total

23,912,531

South

Dakota

(0.1%)

Lincoln

County,

SD

Economic

Development

Rev.

(Augustana

College

Association)

850,000

4.000%,

8/1/2051

723,050

South

Dakota

Board

of

Regents

Housing

&

Auxiliary

Fac.

System

Rev.

1,000,000

5.000%,

4/1/2033,

Ser.

B

1,002,503

Total

1,725,553

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

240

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Tennessee

(0.2%)

Metropolitan

Government

of

Nashville

and

Davidson

County,

TN

Health

and

Educational

Fac.

Rev.

(Trevecca

Nazarene

University)

$

1,430,000

4.000%,

10/1/2051,

Ser.

B

$

1,202,649

Metropolitan

Nashville,

TN

Airport

Auth.

Rev.

1,000,000

5.500%,

7/1/2052,

Ser.

B,

AMT

1,082,710

Total

2,285,359

Texas

(13.4%)

Arlington,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(Cypress

Christian

School)

1,000,000

6.000%,

6/1/2053

c

1,029,449

750,000

6.250%,

6/1/2063,

Ser.

CH

c

778,328

Arlington,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(Great

Hearts

America)

(PSF-GTD

Insured)

3,180,000

4.000%,

8/15/2055,

Ser.

A

b

2,936,769

Arlington,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(Harmony

Public

Schools)

(PSF-GTD

Insured)

4,000,000

4.000%,

2/15/2054

b

3,779,411

Austin,

TX

Airport

System

Rev.

1,000,000

5.000%,

11/15/2052,

AMT

1,044,928

Central

Texas

Regional

Mobility

Auth.

Rev.

500,000

5.000%,

1/1/2045,

Ser.

E

524,814

1,000,000

5.000%,

1/1/2046,

Ser.

B

1,056,568

Clifton,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(IDEA

Public

Schools)

1,000,000

5.000%,

8/15/2042

1,000,578

2,000,000

6.000%,

8/15/2043

2,001,793

Clifton,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(IDEA

Public

Schools)

(PSF-

GTD

Insured)

3,000,000

4.000%,

8/15/2050,

Ser.

T

b

2,883,548

4,605,000

5.000%,

8/15/2039

b

4,609,275

Clifton,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(International

Leadership

of

Texas,

Inc.)

(PSF-GTD

Insured)

3,500,000

4.250%,

8/15/2052

b

3,473,057

Dallas

and

Fort

Worth,

TX

International

Airport

Rev.

Refg.

2,000,000

4.000%,

11/1/2045,

Ser.

B

1,943,035

Denton,

TX

Independent

School

District

U.T.G.O.

(PSF-GTD

Insured)

2,580,000

5.000%,

8/15/2053

b

2,780,760

Galveston,

TX

Wharves

&

Terminal

Rev.

600,000

5.500%,

8/1/2042,

Ser.

A,

AMT

f

655,450

400,000

5.500%,

8/1/2043,

Ser.

A,

AMT

f

436,278

1,000,000

6.000%,

8/1/2043,

AMT

1,125,202

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Texas

(13.4%)

-

continued

$

500,000

5.500%,

8/1/2044,

Ser.

A,

AMT

f

$

544,337

Georgetown,

TX

Utility

System

Rev.

(AGM

Insured)

7,000,000

4.250%,

8/15/2047

b

7,000,709

Greater

Texas

Cultural

Education

Fac.

Finance

Corporation

Rev.

(Texas

Biomedical

Research

Institute)

5,500,000

5.250%,

6/1/2054,

Ser.

A

5,781,553

Greater

Texoma,

TX

Utility

Auth.

Contract

Rev.

(City

of

Sherman)

(AGM

Insured)

6,000,000

4.250%,

10/1/2053

b

5,806,627

Harris

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

(First

Mortgage

Brazos

Presbyterian

Homes,

Inc.)

230,000

5.000%,

1/1/2033,

Ser.

A

229,994

Harris

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

Refg.

(Memorial

Hermann

Health

System)

7,000,000

4.125%,

7/1/2052,

Ser.

A

6,740,770

Harris

County,

TX

Toll

Road

Rev.

5,000,000

4.000%,

8/15/2049,

Ser.

A

4,830,720

Houston,

TX

Airport

System

Rev.

Refg.

(AGM

Insured)

5,250,000

4.500%,

7/1/2053,

Ser.

A,

AMT

b

5,281,336

3,000,000

5.250%,

7/1/2053,

Ser.

A,

AMT

b

3,202,751

Houston,

TX

Water

and

Sewer

System

Rev.

Refg.

(AGM

Insured)

10,000,000

5.750%,

12/1/2032,

Ser.

A

b,e

12,143,178

Irving,

TX

Rev.

Refg.

2,325,000

5.000%,

8/15/2043

2,337,289

Lower

Colorado

River,

TX

Auth.

Rev.

Refg.

(LCRA

Transmission

Services

Corporation)

(AGM

Insured)

6,000,000

5.500%,

5/15/2053

b

6,595,944

2,000,000

5.500%,

5/15/2048

b

2,204,165

Midland

County,

TX

Hospital

District

Rev.

(BAM

Insured)

1,250,000

5.250%,

5/15/2054,

Ser.

A

b

1,374,998

New

Hope

Cultural

Education

Fac.

Finance

Corporation,

TX

Retirement

Fac.

Rev.

(Army

Retirement

Residence

Foundation)

1,500,000

5.750%,

7/15/2052

1,502,195

New

Hope

Cultural

Education

Fac.

Finance

Corporation,

TX

Student

Housing

Rev.

(Collegiate

Housing

College

Station

I,

LLC

-

Texas

A&M

University)

1,000,000

5.000%,

4/1/2029,

Ser.

A

1,000,561

North

East

Independent

School

District,

Bexar

County,

TX

U.T.G.O.

Refg.

(PSF-GTD

Insured)

5,000,000

5.250%,

2/1/2028

b

5,384,137

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

241

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Texas

(13.4%)

-

continued

$

2,000,000

5.250%,

2/1/2029

b

$

2,196,040

North

Texas

Tollway

Auth.

System

Rev.

Refg.

(AGC

Insured)

5,000,000

Zero

Coupon,

1/1/2028,

Ser.

D

b

4,470,515

Port

Freeport,

TX

Rev.

3,700,000

5.000%,

6/1/2049,

Ser.

A,

AMT

3,752,719

Red

River

Education

Finance

Corporation,

TX

Higher

Education

Rev.

Refg.

(St.

Edwards

University)

2,130,000

5.000%,

6/1/2046

2,082,411

San

Antonio,

TX

Education

Fac.

Corporation

Rev.

(Hallmark

University)

280,000

5.000%,

10/1/2031,

Ser.

A

271,109

San

Antonio,

TX

Electric

and

Gas

Systems

Rev.

3,000,000

5.500%,

2/1/2050,

Ser.

A

3,369,536

1,500,000

5.250%,

2/1/2049,

Ser.

A

1,665,021

Southwest

Texas

Higher

Education

Auth.

Rev.

Refg.

(Southern

Methodist

University)

600,000

5.000%,

10/1/2039

622,239

700,000

5.000%,

10/1/2041

722,187

Tarrant

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Hospital

Rev.

(Baylor

Scott

and

White

Health)

500,000

5.000%,

11/15/2051,

Ser.

D

529,813

750,000

5.500%,

11/15/2047,

Ser.

D

831,445

Tarrant

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Hospital

Rev.

Refg.

(Hendrick

Medical

Center)

2,640,000

5.000%,

9/1/2030

2,641,378

Tarrant

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

Refg.

(Trinity

Terrace)

765,000

5.000%,

10/1/2044,

Ser.

A-1

767,241

1,000,000

5.000%,

10/1/2049

f

1,046,959

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

III

Rev.

Refg.

1,000,000

5.000%,

12/15/2031

1,072,360

Texas

Private

Activity

Bond

Surface

Transportation

Corporation

Rev.

(North

Tarrant

Express)

3,000,000

5.500%,

12/31/2058,

AMT

3,265,022

Texas

Private

Activity

Bond

Surface

Transportation

Corporation

Rev.

(Segment

3C)

15,380,000

5.000%,

6/30/2058,

AMT

15,462,455

Texas

Private

Activity

Bond

Surface

Transportation

Corporation

Rev.

Refg.

(LBJ

Infrastructure

Group,

LLC)

500,000

4.000%,

12/31/2039,

Ser.

A

496,642

4,275,000

4.000%,

6/30/2040,

Ser.

A

4,234,181

Texas

Technical

College

System

Rev.

(Financing

System

Improvement)

(AGM

Insured)

3,000,000

6.000%,

8/1/2054,

Ser.

A

b

3,419,164

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Texas

(13.4%)

-

continued

Upper

Trinity,

TX

Regional

Water

District

Water

Rev.

Refg.

(BAM

Insured)

$

2,500,000

4.375%,

8/1/2054

b,f

$

2,470,594

Waco,

TX

Educational

Finance

Corporation

Rev.

(Baylor

University)

2,605,000

4.000%,

3/1/2051

2,444,056

Total

161,853,594

Utah

(2.0%)

Black

Desert

Public

Infrastructure

District,

UT

Special

Assessment

(Black

Desert

Assessment

Area

No.1)

1,000,000

5.625%,

12/1/2053

c

1,032,627

Intermountain

Power

Agency,

UT

Power

Supply

Rev.

Refg.

250,000

5.000%,

7/1/2044,

Ser.

A

271,209

2,000,000

5.000%,

7/1/2045,

Ser.

A

2,157,605

Jordan

Valley,

UT

Water

Conservancy

District

Rev.

3,420,000

5.000%,

10/1/2044,

Ser.

A

3,594,990

3,000,000

5.000%,

10/1/2049,

Ser.

A

3,125,254

Lehi,

UT

Franchise

and

Sales

Tax

Rev.

(Broadband)

(AGM

Insured)

1,825,000

4.000%,

2/1/2048

b

1,740,535

Orem,

UT

G.O.

6,880,000

5.000%,

12/1/2046

7,253,506

Salt

Lake

City,

UT

Airport

Rev.

1,000,000

5.000%,

7/1/2042,

Ser.

A,

AMT

1,020,055

1,000,000

5.250%,

7/1/2048,

Ser.

A,

AMT

1,029,373

1,125,000

5.250%,

7/1/2048,

Ser.

A,

AMT

1,206,535

Utah

Charter

School

Finance

Auth.

Rev.

(Utah

Charter

Academies)

800,000

5.000%,

10/15/2048

809,806

Utah

Infrastructure

Agency

Telecommunication

Rev.

350,000

6.000%,

10/15/2047

387,344

Total

23,628,839

Vermont

(0.3%)

Vermont

Educational

&

Health

Buildings

Financing

Agency

Rev.

Refg.

(University

of

Vermont

Medical

Center)

3,000,000

5.000%,

12/1/2035,

Ser.

A

3,057,257

1,000,000

5.000%,

12/1/2036,

Ser.

A

1,017,756

Total

4,075,013

Virginia

(2.5%)

Fairfax

County,

VA

Industrial

Development

Auth.

Health

Care

Rev.

Refg.

(Inova

Health

System)

5,000,000

4.000%,

5/15/2042

5,048,935

James

City

County,

VA

Economic

Development

Auth.

Residential

Care

Fac.

Rev.

(Williamsburg

Landing)

650,000

6.875%,

12/1/2058,

Ser.

A

716,552

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

242

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Virginia

(2.5%)

-

continued

Roanoke,

VA

Economic

Development

Auth.

Hospital

Rev.

Refg.

(Carilion

Clinic

Obligated

Group)

$

5,000,000

4.000%,

7/1/2051,

Ser.

A

$

4,851,204

Virginia

Small

Business

Financing

Auth.

Rev.

(Transform

66

P3)

610,000

5.000%,

12/31/2047,

AMT

619,717

6,575,000

5.000%,

12/31/2049,

AMT

6,667,173

10,610,000

5.000%,

12/31/2052,

AMT

10,738,505

Virginia

Small

Business

Financing

Auth.

Rev.

Refg.

(95

Express

Lanes,

LLC)

500,000

4.000%,

1/1/2048,

AMT

456,436

Virginia

Small

Business

Financing

Auth.

Rev.

Refg.

(Elizabeth

River

Crossings

OpCo,

LLC)

500,000

4.000%,

1/1/2039,

AMT

480,932

1,000,000

4.000%,

1/1/2040,

AMT

949,946

Total

30,529,400

Washington

(1.9%)

FYI

Properties,

WA

Lease

Rev.

Refg.

(Washington

DIS)

5,000,000

5.000%,

6/1/2038

5,264,689

Grant

County,

WA

Public

Hospital

District

No.

2

U.T.G.O.

(Quincy

Valley

Medical

Center)

3,250,000

5.000%,

12/1/2044

3,292,531

Kalispel

Tribe

of

Indians,

WA

Rev.

750,000

5.250%,

1/1/2038,

Ser.

A

*

777,453

Skagit

County,

WA

Public

Hospital

District

No.

1

Hospital

Rev.

(Skagit

Regional

Health)

1,750,000

5.500%,

12/1/2054

1,870,167

Snohomish

County,

WA

Housing

Auth.

Rev.

3,005,000

5.000%,

4/1/2041

3,125,607

Washington

Health

Care

Fac.

Auth.

Rev.

(Seattle

Cancer

Care

Alliance)

650,000

4.000%,

12/1/2045

c

613,182

Washington

Health

Care

Fac.

Auth.

Rev.

Refg.

(Seattle

Cancer

Care

Alliance)

2,000,000

4.000%,

9/1/2050

1,833,956

Washington

Higher

Education

Fac.

Auth.

Rev.

(Seattle

University)

500,000

4.000%,

5/1/2050

456,226

450,000

4.000%,

5/1/2045

422,656

Washington

Housing

Finance

Commission

Nonprofit

Housing

Rev.

Refg.

(Emerald

Heights)

1,200,000

5.000%,

7/1/2048,

Ser.

A

1,241,161

Washington

Housing

Finance

Commission

Nonprofit

Rev.

(Radford

Court

and

Nordheim

Court

Portfolio)

1,000,000

5.500%,

7/1/2059

1,072,921

Washington

Housing

Finance

Commission

Nonprofit

Rev.

Refg.

(Seattle

Academy

of

Arts

and

Sciences)

1,340,000

6.125%,

7/1/2053

c

1,473,534

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Washington

(1.9%)

-

continued

$

1,250,000

6.250%,

7/1/2059

c

$

1,377,751

Total

22,821,834

West

Virginia

(1.1%)

West

Virginia

Hospital

Finance

Auth.

Rev.

(West

Virginia

University

Health

System

Obligated

Group)

2,000,000

4.375%,

6/1/2053,

Ser.

A

1,964,613

2,000,000

4.250%,

6/1/2047,

Ser.

A

1,976,613

West

Virginia

Parkways

Auth.

Turnpike

Toll

Rev.

10,000,000

4.000%,

6/1/2051

9,625,855

Total

13,567,081

Wisconsin

(2.3%)

Public

Finance

Auth.,

WI

Charter

School

Rev.

(Quality

Education

Academy)

475,000

6.250%,

7/15/2053,

Ser.

A

c

511,376

750,000

6.500%,

7/15/2063,

Ser.

A

c

812,356

Public

Finance

Auth.,

WI

Education

Rev.

(Unity

Classical

Charter

School;

A

Challenge

Foundation

Academy)

500,000

6.875%,

7/1/2053

c

522,993

750,000

7.000%,

7/1/2058

c

784,172

Public

Finance

Auth.,

WI

Hospital

Rev.

Refg.

(WakeMed

Hospital)

2,000,000

5.000%,

10/1/2044,

Ser.

A

2,078,684

Public

Finance

Auth.,

WI

Hotel

Rev.

(Grand

Hyatt

San

Antonio

Hotel

Acquisition)

1,000,000

5.000%,

2/1/2052,

Ser.

A

1,023,475

Public

Finance

Auth.,

WI

Proj.

Rev.

(CFP3

-

Eastern

Michigan

University

Student

Housing)

(BAM

Insured)

1,000,000

5.500%,

7/1/2052,

Ser.

A-1

b

1,086,329

Public

Finance

Auth.,

WI

Retirement

Communities

Rev.

(Acts

Retirement

-

Life

Communities,

Inc.)

3,000,000

5.000%,

11/15/2041,

Ser.

A

3,117,804

Public

Finance

Auth.,

WI

Rev.

(AFCO

Airport

Real

Estate

Group)

400,000

5.250%,

7/1/2053,

AMT

407,794

920,000

5.500%,

7/1/2043,

AMT

979,280

Public

Finance

Auth.,

WI

Rev.

(Fargo-Moorhead

Metropolitan

Area

Flood

Risk

Management)

2,500,000

4.000%,

3/31/2056,

AMT

2,105,684

4,000,000

4.000%,

9/30/2051,

AMT

3,437,561

Public

Finance

Auth.,

WI

Student

Housing

Rev.

(CHF-Manoa,

LLC)

2,000,000

5.750%,

7/1/2063,

Ser.

A

c

2,156,357

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(Bellin

Memorial

Hospital,

Inc.)

1,250,000

5.500%,

12/1/2052,

Ser.

A

1,367,517

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

243

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Wisconsin

(2.3%)

-

continued

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(Dickson

Hollow

Phase

II)

$

750,000

6.000%,

10/1/2049

$

766,531

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(Marshfield

Clinic

Health

System,

Inc.)

1,000,000

5.500%,

2/15/2054,

Ser.

A

1,089,293

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(Thedacare,

Inc.)

1,195,000

5.000%,

12/15/2039

1,197,534

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(Three

Pillars

Senior

Living

Communities)

1,000,000

4.000%,

8/15/2055,

Ser.

A

812,165

500,000

5.750%,

8/15/2059,

Ser.

A

527,688

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Benevolent

Corporation

Cedar

Community)

870,000

5.000%,

6/1/2037

855,390

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Marshfield

Clinic

Health

Systems,

Inc.)

2,000,000

5.000%,

2/15/2047,

Ser.

C

2,001,452

Total

27,641,435

Wyoming

(<0.1%)

Lincoln

County,

WY

Pollution

Control

Rev.

Refg.

(ExxonMobil)

120,000

4.070%,

10/1/2044

a

120,000

Total

120,000

Total

Long-Term

Fixed

Income

(cost

$1,210,114,118)

1,205,189,394

Principal

Amount

Short-Term

Investments

(

<0.1%

)

g

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

5.250%,

8/21/2024

h

99,693

Total

Short-Term

Investments

(cost

$99,708)

99,693

Total

Investments

(cost

$1,210,213,826)

99.6%

$1,205,289,087

Other

Assets

and

Liabilities,

Net

0.4%

4,802,248

Total

Net

Assets

100.0%

$1,210,091,335

a

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

b

To

reduce

certain

risks

associated

with

securities

issued

by

municipalities,

which

may

include

but

are

not

limited

to

economic

development

in

a

specific

industry

or

municipality,

the

principal

and/or

interest

payments

are

guaranteed

by

the

bond

insurance

company

or

government

agency

identified.

c

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$30,085,224

or

2.5%

of

total

net

assets.

d

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

July

31,

2024.

e

Denotes

securities

that

have

been

pre-refunded

or

escrowed

to

maturity.

Under

such

an

arrangement,

money

is

deposited

into

an

irrevocable

escrow

account

and

is

used

to

purchase

U.S.

Treasury

securities

or

government

agency

securities

with

maturing

principal

and

interest

earnings

sufficient

to

pay

all

debt

service

requirements

of

the

pre-

refunded

bonds.

f

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

g

The

interest

rate

shown

reflects

the

yield.

h

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Municipal

Bond

Fund

as

of

July

31,

2024

was

$777,453

or

0.06%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

Kalispel

Tribe

of

Indians,

WA

Rev.,

1/1/2038

5/17/2018

$

737,922

Definitions:

AGC

-

Assured

Guaranty,

Ltd

AGM

-

Assured

Guaranty

Municipal

Corporation

AMT

-

Subject

to

Alternative

Minimum

Tax

Auth.

-

Authority

BAM

-

Build

America

Mutual

C.O.P.

-

Certificate

of

Participation

Fac.

-

Facility/Facilities

G.O.

-

General

Obligation

NATL-RE

-

National

Public

Finance

Guarantee

Corporation

Proj.

-

Project

PSF-GTD

-

Permanent

School

Fund

Guarantee

Program

Refg.

-

Refunding

Rev.

-

Revenue

Ser.

-

Series

U.T.G.O.

-

Unlimited

Tax

General

Obligation

Municipal

Bond

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

244

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Municipal

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Education

227,468,630

–

227,468,630

–

Electric

Revenue

44,792,288

–

44,792,288

–

Escrowed/Pre-refunded

14,683,028

–

14,683,028

–

General

Obligation

67,699,969

–

67,699,969

–

Health

Care

260,529,533

–

260,529,533

–

Housing

Finance

25,915,791

–

25,915,791

–

Industrial

Development

Revenue

27,709,112

–

27,709,112

–

Other

Revenue

69,856,474

–

69,856,474

–

Tax

Revenue

66,818,140

–

66,818,140

–

Transportation

315,982,273

–

315,982,273

–

Water

&

Sewer

83,734,156

–

83,734,156

–

Short-Term

Investments

99,693

–

99,693

–

Total

Investments

at

Value

$1,205,289,087

$–

$1,205,289,087

$–

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

245

Principal

Amount

Long-Term

Fixed

Income

(

79.2%

)

Value

Asset-Backed

Securities

(11.9%)

510

Asset

Backed

Trust

$

503,311

3.967%, 

5/25/2061,

Ser.

2021-NPL1,

Class

A2

a,b

$

500,179

1,003,408

4.090%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A2

a,b

1,008,555

465,402

5.116%, 

6/25/2061,

Ser.

2021-NPL2,

Class

A1

a,b

461,882

720

East

CLO,

Ltd.

900,000

9.532%, 

(TSFR3M

+

4.250%),

1/20/2036,

Ser.

2022-1A,

Class

C

a,c

906,684

Affirm

Asset

Securitization

Trust

1,000,000

6.820%, 

9/15/2028,

Ser.

2023-B,

Class

A

a

1,016,514

506,334

7.110%, 

11/15/2028,

Ser.

2023-X1,

Class

A

a

507,861

1,800,000

5.610%, 

2/15/2029,

Ser.

2024-A,

Class

A

a

1,807,319

AMSR

Trust

1,079,000

2.352%, 

6/17/2038,

Ser.

2021-SFR1,

Class

C

a

966,657

Anchorage

Capital

CLO

16,

Ltd.

1,550,000

7.941%, 

(TSFR3M

+

2.662%),

1/19/2035,

Ser.

2020-16A,

Class

CR

a,c

1,550,668

Anchorage

Capital

CLO

21,

Ltd.

1,500,000

7.944%, 

(TSFR3M

+

2.662%),

10/20/2034,

Ser.

2021-21A,

Class

C

a,c

1,500,805

Ares

XL

CLO,

Ltd.

1,150,000

8.363%, 

(TSFR3M

+

3.062%),

1/15/2029,

Ser.

2016-40A,

Class

CRR

a,c

1,150,247

Avis

Budget

Rental

Car

Funding

AESOP,

LLC

2,000,000

5.570%, 

10/20/2028,

Ser.

2024-2A,

Class

B

a

2,018,428

Barings

CLO,

Ltd.

1,250,000

8.694%, 

(TSFR3M

+

3.412%),

1/20/2032,

Ser.

2016-2A,

Class

DR2

a,c

1,256,375

Business

Jet

Securities,

LLC

1,095,866

4.455%, 

6/15/2037,

Ser.

2022-1A,

Class

A

a

1,061,484

1,448,208

6.197%, 

5/15/2039,

Ser.

2024-1A,

Class

A

a

1,472,263

CarVal

CLO

I,

Ltd.

1,225,000

7.136%, 

(TSFR3M

+

1.850%),

7/16/2031,

Ser.

2018-1A,

Class

BR

a,c

1,228,730

CarVal

CLO,

Ltd.

1,100,000

8.982%, 

(TSFR3M

+

3.700%),

4/21/2034,

Ser.

2022-1A,

Class

D

a,c

1,106,893

Cascade

Funding

Mortgage

Trust,

LLC

437,943

4.250%, 

4/25/2033,

Ser.

2023-HB12,

Class

A

a,c

431,246

CIFC

Funding,

Ltd.

1,000,000

6.994%, 

(TSFR3M

+

1.712%),

4/20/2034,

Ser.

2015-4A,

Class

A2R2

a,c

991,597

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Asset-Backed

Securities

(11.9%)

-

continued

College

Avenue

Student

Loans,

LLC

$

185,083

7.114%, 

(TSFR1M

+

1.764%),

11/26/2046,

Ser.

2017-A,

Class

A1

a,c

$

186,639

Dryden

109

CLO,

Ltd.

9,000,000

7.282%, 

(TSFR3M

+

2.000%),

4/20/2035,

Ser.

2022-109A,

Class

B

a,c

9,010,773

Dryden

36

Senior

Loan

Fund

950,000

7.613%, 

(TSFR3M

+

2.312%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

a,c

951,342

Education

Funding

Trust

694,134

2.790%, 

7/25/2041,

Ser.

2020-A,

Class

A

a

638,536

FirstKey

Homes

Trust

2,310,000

1.968%, 

10/19/2037,

Ser.

2020-SFR2,

Class

D

a

2,197,555

FRTKL

Trust

500,000

1.922%, 

9/17/2038,

Ser.

2021-SFR1,

Class

C

a

461,113

GMAC

Mortgage

Corporation

Loan

Trust

49,646

5.964%, 

(TSFR1M

+

0.614%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

c,d

26,688

Home

Equity

Asset

Trust

1,081,838

6.784%, 

(TSFR1M

+

1.434%),

8/25/2033,

Ser.

2003-2,

Class

M1

c

1,029,246

Home

Partners

of

America

Trust

1,268,797

2.078%, 

9/17/2041,

Ser.

2021-1,

Class

C

a

1,082,868

Hotwire

Funding,

LLC

1,350,000

5.893%, 

6/20/2054,

Ser.

2024-1A,

Class

A2

a

1,389,514

Long

Beach

Mortgage

Loan

Trust

930,618

6.964%, 

(TSFR1M

+

1.614%),

9/25/2034,

Ser.

2004-5,

Class

M3

c

958,812

Madison

Park

Funding

XVIII,

Ltd.

1,850,000

7.444%, 

(TSFR3M

+

2.162%),

10/21/2030,

Ser.

2015-18A,

Class

CRR

a,c

1,851,439

MetroNet

Infrastructure

Issuer,

LLC

1,500,000

6.230%, 

4/20/2054,

Ser.

2024-1A,

Class

A2

a

1,538,161

Myers

Park

CLO,

Ltd.

1,275,000

6.944%, 

(TSFR3M

+

1.662%),

10/20/2030,

Ser.

2018-1A,

Class

A2

a,c

1,276,603

Neuberger

Berman

CLO,

Ltd.

1,500,000

8.563%, 

(TSFR3M

+

3.262%),

10/15/2029,

Ser.

2013-15A,

Class

DR2

a,c

1,504,347

OZLM

XVII,

Ltd.

1,600,000

7.282%, 

(TSFR3M

+

2.000%),

7/20/2030,

Ser.

2017-17A,

Class

BRR

a,c

1,604,565

Pagaya

AI

Debt

Grantor

Trust

and

Pagaya

AI

Debt

Trust

1,500,000

6.093%, 

11/15/2031,

Ser.

2024-6,

Class

A

a

1,504,447

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

246

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Asset-Backed

Securities

(11.9%)

-

continued

Pagaya

AI

Debt

Trust

$

326,773

7.556%, 

7/15/2030,

Ser.

2023-1,

Class

A

a

$

327,846

Pagaya

AI

Technology

in

Housing

Trust

1,080,823

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

A

a

1,059,609

1,100,000

4.250%, 

8/25/2025,

Ser.

2022-1,

Class

B

a

1,072,384

PPM

CLO

3,

Ltd.

2,100,000

7.097%, 

(TSFR3M

+

1.812%),

4/17/2034,

Ser.

2019-3A,

Class

BR

a,c

2,075,394

Preston

Ridge

Partners

Mortgage

Trust,

LLC

1,153,329

6.474%, 

7/25/2026,

Ser.

2021-6,

Class

A2

a,b

1,147,989

Pretium

Mortgage

Credit

Partners,

LLC

750,000

5.438%, 

1/25/2052,

Ser.

2022-NPL1,

Class

A2

a,b

706,087

1,625,758

7.021%, 

2/25/2054,

Ser.

2024-NPL2,

Class

A1

a,b

1,629,243

1,385,578

7.143%, 

3/25/2054,

Ser.

2024-RN1,

Class

A1

a,b

1,395,515

1,328,763

7.520%, 

4/27/2054,

Ser.

2024-NPL3,

Class

A1

a,b

1,340,459

854,443

3.844%, 

6/27/2060,

Ser.

2021-NPL2,

Class

A2

*,b

810,598

927,868

3.721%, 

7/25/2051,

Ser.

2021-NPL3,

Class

A2

a,b

888,709

1,250,000

6.996%, 

7/25/2054,

Ser.

2024-NPL4,

Class

A1

a,b

1,249,875

540,302

2.487%, 

10/25/2051,

Ser.

2021-NPL5,

Class

A1

a,b

544,299

Progress

Residential

Trust

1,200,000

3.600%, 

4/17/2039,

Ser.

2022-SFR3,

Class

B

a

1,146,147

RCO

VII

Mortgage,

LLC

1,427,149

7.021%, 

1/25/2029,

Ser.

2024-1,

Class

A1

a,b

1,431,037

Renaissance

Home

Equity

Loan

Trust

389,900

5.797%, 

8/25/2036,

Ser.

2006-2,

Class

AF3

b

148,571

Rockford

Tower

CLO,

Ltd.

1,000,000

7.237%, 

(TSFR3M

+

1.912%),

8/20/2032,

Ser.

2019-2A,

Class

BR

a,c

1,001,633

Saxon

Asset

Securities

Trust

335,414

3.117%, 

8/25/2035,

Ser.

2004-2,

Class

MF2

c

289,111

Sculptor

CLO,

Ltd.

1,870,000

7.944%, 

(TSFR3M

+

2.662%),

1/20/2035,

Ser.

28A,

Class

C

a,c

1,871,973

Shackleton

CLO,

Ltd.

930,000

7.744%, 

(TSFR3M

+

2.462%),

10/20/2034,

Ser.

2021-16A,

Class

C

a,c

931,510

Silver

Point

CLO

2,

Ltd.

800,000

7.982%, 

(TSFR3M

+

2.700%),

4/20/2035,

Ser.

2023-2A,

Class

A2

a,c

805,042

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Asset-Backed

Securities

(11.9%)

-

continued

Sound

Point

CLO,

Ltd.

$

1,550,000

7.794%, 

(TSFR3M

+

2.512%),

1/20/2032,

Ser.

2019-1A,

Class

CR

a,c

$

1,552,809

Stanwich

Mortgage

Loan

Company,

LLC

1,252,535

2.735%, 

10/16/2026,

Ser.

2021-NPB1,

Class

A1

a,b

1,243,921

Stratus

Static

CLO,

Ltd.

1,500,000

7.182%, 

(TSFR3M

+

1.900%),

10/20/2031,

Ser.

2022-3A,

Class

BR

a,c

1,500,806

Symphony

CLO

XX,

Ltd.

1,000,000

8.286%, 

(TSFR3M

+

3.000%),

1/16/2032,

Ser.

2018-20A,

Class

DR2

a,c

1,000,009

Tricon

Residential

Trust

1,250,000

5.700%, 

6/20/2040,

Ser.

2024-SFR2,

Class

B

a

1,262,664

Unlock

HEA

Trust

1,348,035

7.000%, 

10/25/2038,

Ser.

2023-1,

Class

A

a

1,339,748

1,579,049

7.000%, 

4/25/2039,

Ser.

2024-1,

Class

A

a

1,577,197

Upstart

Securitization

Trust

467,571

6.770%, 

6/20/2033,

Ser.

2023-2,

Class

A

a

469,026

VCAT

Asset

Securitization,

LLC

309,789

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

a,b

305,449

Vericrest

Opportunity

Loan

Transferee

1,182,769

4.826%, 

2/27/2051,

Ser.

2021-NPL2,

Class

A2

a,b

1,128,849

1,492,379

4.949%, 

2/27/2051,

Ser.

2021-NPL3,

Class

A2

a,b

1,432,206

1,530,407

4.826%, 

4/25/2051,

Ser.

2021-NPL6,

Class

A2

a,b

1,419,870

229,678

4.949%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A2

a,b

217,618

339,580

5.116%, 

4/25/2051,

Ser.

2021-NPL8,

Class

A1

a,b

340,136

1,117,804

4.826%, 

5/25/2051,

Ser.

2021-NPL9,

Class

A2

a,b

1,026,821

250,000

5.438%, 

12/26/2051,

Ser.

2021-NP12,

Class

A2

a,b

226,959

Voya

CLO,

Ltd.

1,650,000

7.248%, 

(TSFR3M

+

1.962%),

7/16/2034,

Ser.

2020-1A,

Class

BR

a,c

1,650,997

Whitebox

CLO

I,

Ltd.

2,500,000

7.057%, 

(TSFR3M

+

2.000%),

7/24/2036,

Ser.

2019-1A,

Class

CRR

a,c

2,502,708

Whitebox

CLO

III,

Ltd.

1,500,000

7.763%, 

(TSFR3M

+

2.462%),

10/15/2034,

Ser.

2021-3A,

Class

C

a,c

1,506,299

Whitebox

CLO

IV,

Ltd.

1,500,000

7.882%, 

(TSFR3M

+

2.600%),

4/20/2036,

Ser.

2023-4A,

Class

B

a,c

1,513,173

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

247

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Asset-Backed

Securities

(11.9%)

-

continued

Wind

River

CLO,

Ltd.

$

750,000

7.544%, 

(TSFR3M

+

2.262%),

7/20/2030,

Ser.

2013-1A,

Class

BRR

a,c

$

750,512

Total

93,997,843

Basic

Materials

(1.5%)

Alliance

Resource

Operating

Partners,

LP/Alliance

Resource

Finance

Corporation

135,000

8.625%, 

6/15/2029

a

141,928

ATI,

Inc.

343,000

7.250%, 

8/15/2030

358,612

ATI,

Inc.,

Convertible

121,000

3.500%, 

6/15/2025

528,649

Axalta

Coating

Systems

Dutch

Holding

B

BV

234,000

7.250%, 

2/15/2031

a

245,405

Cascades,

Inc./Cascades

USA,

Inc.

364,000

5.125%, 

1/15/2026

a

359,408

Chemours

Company

720,000

5.750%, 

11/15/2028

a

673,558

Cleveland-Cliffs,

Inc.

185,000

5.875%, 

6/1/2027

184,755

380,000

4.625%, 

3/1/2029

a

360,050

168,000

4.875%, 

3/1/2031

a

153,331

168,000

6.250%, 

10/1/2040

145,312

Consolidated

Energy

Finance

SA

969,000

5.625%, 

10/15/2028

a

774,451

Ecolab,

Inc.

194,000

2.125%, 

2/1/2032

163,798

First

Quantum

Minerals,

Ltd.

208,000

6.875%, 

10/15/2027

a

204,520

FMC

Corporation

167,000

5.150%, 

5/18/2026

167,201

FMG

Resources

August

2006,

Pty.

Ltd.

168,000

5.875%, 

4/15/2030

a

165,556

Glencore

Funding,

LLC

161,000

5.893%, 

4/4/2054

a

157,572

220,000

4.000%, 

3/27/2027

a

215,019

350,000

6.125%, 

10/6/2028

a

363,902

Hecla

Mining

Company

190,000

7.250%, 

2/15/2028

191,579

Hudbay

Minerals,

Inc.

281,000

4.500%, 

4/1/2026

a

274,796

Illuminate

Buyer,

LLC/Illuminate

Holdings

IV,

Inc.

198,000

9.000%, 

7/1/2028

a

198,648

INEOS

Finance

plc

499,000

7.500%, 

4/15/2029

a

507,947

International

Flavors

&

Fragrances,

Inc.

261,000

1.230%, 

10/1/2025

a

249,209

Mercer

International,

Inc.

198,000

5.125%, 

2/1/2029

e

167,815

Methanex

Corporation

255,000

4.250%, 

12/1/2024

252,947

249,000

5.125%, 

10/15/2027

242,444

166,000

5.250%, 

12/15/2029

e

161,552

Mineral

Resources,

Ltd.

264,000

9.250%, 

10/1/2028

a

280,754

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Basic

Materials

(1.5%)

-

continued

Mosaic

Company

$

249,000

5.375%, 

11/15/2028

$

253,767

Newmont

Corporation/Newcrest

Finance,

Pty.

Ltd.

253,000

5.350%, 

3/15/2034

a

258,978

Novelis

Corporation

75,000

3.250%, 

11/15/2026

a

71,354

140,000

4.750%, 

1/30/2030

a

132,282

175,000

3.875%, 

8/15/2031

a

153,735

Nutrien,

Ltd.

292,000

4.000%, 

12/15/2026

286,030

OCI

NV

309,000

4.625%, 

10/15/2025

a

306,106

Peabody

Energy

Corporation,

Convertible

129,000

3.250%, 

3/1/2028

169,635

SCIL

IV,

LLC/SCIL

USA

Holdings,

LLC

342,000

5.375%, 

11/1/2026

a

334,159

Smurfit

Kappa

Treasury,

ULC

249,000

5.777%, 

4/3/2054

a

253,949

SNF

Group

SACA

462,000

3.375%, 

3/15/2030

a

397,515

SunCoke

Energy,

Inc.

552,000

4.875%, 

6/30/2029

a

504,830

Taseko

Mines,

Ltd.

342,000

8.250%, 

5/1/2030

a

350,673

Tronox,

Inc.

169,000

4.625%, 

3/15/2029

a,e

153,928

United

States

Steel

Corporation

221,000

6.875%, 

3/1/2029

222,350

Westlake

Corporation

148,000

3.600%, 

8/15/2026

144,300

Total

11,884,309

Capital

Goods

(3.1%)

Advanced

Drainage

Systems,

Inc.

340,000

6.375%, 

6/15/2030

a

342,277

Amcor

Finance

USA,

Inc.

158,000

5.625%, 

5/26/2033

162,767

Amsted

Industries,

Inc.

382,000

5.625%, 

7/1/2027

a

375,857

50,000

4.625%, 

5/15/2030

a

46,072

Array

Technologies,

Inc.,

Convertible

153,000

1.000%, 

12/1/2028

124,116

BAE

Systems

plc

200,000

5.500%, 

3/26/2054

a

200,184

Boeing

Company

161,000

6.858%, 

5/1/2054

a

170,442

479,000

5.930%, 

5/1/2060

440,554

561,000

2.196%, 

2/4/2026

533,906

220,000

3.250%, 

3/1/2028

204,729

510,000

5.150%, 

5/1/2030

502,246

81,000

6.528%, 

5/1/2034

a

85,028

Bombardier,

Inc.

69,000

7.875%, 

4/15/2027

a

69,105

219,000

6.000%, 

2/15/2028

a

218,371

372,000

7.250%, 

7/1/2031

a

382,959

474,000

7.000%, 

6/1/2032

a,e

484,649

Brand

Industrial

Services,

Inc.

382,000

10.375%, 

8/1/2030

a

419,484

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

248

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Capital

Goods

(3.1%)

-

continued

Builders

FirstSource,

Inc.

$

285,000

5.000%, 

3/1/2030

a

$

272,680

Camelot

Return

Merger

Sub,

Inc.

250,000

8.750%, 

8/1/2028

a

248,554

Canpack

SA/Canpack

US,

LLC

681,000

3.875%, 

11/15/2029

a

611,107

Carrier

Global

Corporation

252,000

2.722%, 

2/15/2030

227,031

Chart

Industries,

Inc.

501,000

7.500%, 

1/1/2030

a

521,191

Chart

Industries,

Inc.,

Convertible

107,000

1.000%, 

11/15/2024

293,811

Clean

Harbors,

Inc.

339,000

6.375%, 

2/1/2031

a

342,839

Clydesdale

Acquisition

Holdings,

Inc.

67,000

6.625%, 

4/15/2029

a

66,752

Crown

Cork

&

Seal

Company,

Inc.

423,000

7.375%, 

12/15/2026

440,780

EMRLD

Borrower,

LP/Emerald

Co-

Issuer,

Inc.

521,000

6.625%, 

12/15/2030

a

530,781

EquipmentShare.com,

Inc.

171,000

8.625%, 

5/15/2032

a

177,542

ESAB

Corporation

318,000

6.250%, 

4/15/2029

a

322,495

Fluor

Corporation,

Convertible

289,000

1.125%, 

8/15/2029

a

353,881

GFL

Environmental,

Inc.

352,000

4.000%, 

8/1/2028

a

330,877

709,000

3.500%, 

9/1/2028

a

659,082

Greenbrier

Companies,

Inc.,

Convertible

180,000

2.875%, 

4/15/2028

195,470

H&E

Equipment

Services,

Inc.

727,000

3.875%, 

12/15/2028

a

664,287

Herc

Holdings,

Inc.

109,000

5.500%, 

7/15/2027

a

108,100

272,000

6.625%, 

6/15/2029

a

277,716

Honeywell

International,

Inc.

325,000

5.250%, 

3/1/2054

322,276

Howmet

Aerospace,

Inc.

280,000

6.750%, 

1/15/2028

294,956

Huntington

Ingalls

Industries,

Inc.

221,000

4.200%, 

5/1/2030

212,366

Ingersoll

Rand,

Inc.

275,000

5.176%, 

6/15/2029

280,017

80,000

5.700%, 

8/14/2033

83,872

John

Deere

Capital

Corporation

286,000

4.500%, 

1/16/2029

286,282

165,000

4.700%, 

6/10/2030

167,137

138,000

3.900%, 

6/7/2032

130,553

79,000

5.150%, 

9/8/2033

81,247

L3Harris

Technologies,

Inc.

169,000

5.400%, 

1/15/2027

171,420

Lockheed

Martin

Corporation

220,000

5.200%, 

2/15/2064

216,118

Miter

Brands

Acquisition

Holdco,

Inc./MIWD

Borrower,

LLC

102,000

6.750%, 

4/1/2032

a

103,489

MIWD

Holdco

II,

LLC

200,000

5.500%, 

2/1/2030

a

186,819

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Capital

Goods

(3.1%)

-

continued

Mueller

Water

Products,

Inc.

$

281,000

4.000%, 

6/15/2029

a

$

262,199

Nesco

Holdings

II,

Inc.

505,000

5.500%, 

4/15/2029

a

470,021

New

Enterprise

Stone

and

Lime

Company,

Inc.

620,000

5.250%, 

7/15/2028

a

595,439

Northrop

Grumman

Corporation

327,000

5.200%, 

6/1/2054

314,596

82,000

4.700%, 

3/15/2033

81,080

OI

European

Group

BV

364,000

4.750%, 

2/15/2030

a

334,771

Otis

Worldwide

Corporation

166,000

2.056%, 

4/5/2025

162,386

Owens-Brockway

Glass

Container,

Inc.

271,000

6.625%, 

5/13/2027

a

271,264

135,000

7.375%, 

6/1/2032

a

133,340

Pactiv

Evergreen

Group

268,000

4.375%, 

10/15/2028

a

251,585

Parker-Hannifin

Corporation

167,000

4.250%, 

9/15/2027

164,711

Patrick

Industries,

Inc.,

Convertible

110,000

1.750%, 

12/1/2028

150,645

Republic

Services,

Inc.

124,000

3.950%, 

5/15/2028

121,329

156,000

5.000%, 

12/15/2033

156,811

Resideo

Funding,

Inc.

350,000

6.500%, 

7/15/2032

a

349,982

Reworld

Holding

Corporation

260,000

4.875%, 

12/1/2029

a

237,754

Roller

Bearing

Company

of

America,

Inc.

376,000

4.375%, 

10/15/2029

a

350,993

RTX

Corporation

248,000

5.750%, 

1/15/2029

258,987

Sealed

Air

Corporation/Sealed

Air

Corporation

(US)

268,000

6.125%, 

2/1/2028

a

269,852

Smyrna

Ready

Mix

Concrete,

LLC

454,000

8.875%, 

11/15/2031

a

489,255

Spirit

AeroSystems,

Inc.

505,000

9.750%, 

11/15/2030

a

562,820

SRM

Escrow

Issuer,

LLC

283,000

6.000%, 

11/1/2028

a

280,341

Standard

Industries,

Inc./NJ

167,000

4.750%, 

1/15/2028

a

159,995

167,000

3.375%, 

1/15/2031

a

142,864

Summit

Materials,

LLC/Summit

Materials

Finance

Corporation

131,000

7.250%, 

1/15/2031

a

136,597

Textron,

Inc.

221,000

3.650%, 

3/15/2027

214,665

Trane

Technologies

Financing,

Ltd.

179,000

5.100%, 

6/13/2034

182,136

TransDigm,

Inc.

346,000

5.500%, 

11/15/2027

341,658

551,000

7.125%, 

12/1/2031

a

571,876

474,000

6.625%, 

3/1/2032

a

484,820

Trivium

Packaging

Finance

237,000

5.500%, 

8/15/2026

a

232,134

United

Rentals

North

America,

Inc.

610,000

4.875%, 

1/15/2028

596,592

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

249

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Capital

Goods

(3.1%)

-

continued

$

310,000

4.000%, 

7/15/2030

$

283,542

Veralto

Corporation

167,000

5.350%, 

9/18/2028

a

170,469

Waste

Connections,

Inc.

70,000

3.200%, 

6/1/2032

62,620

WESCO

Distribution,

Inc.

325,000

7.250%, 

6/15/2028

a

333,041

170,000

6.375%, 

3/15/2029

a

172,199

119,000

6.625%, 

3/15/2032

a

121,223

Total

24,420,866

Collateralized

Mortgage

Obligations

(8.9%)

A&D

Mortgage

Trust

1,185,064

6.701%, 

4/25/2069,

Ser.

2024-NQM2,

Class

A2

a,b

1,195,955

1,310,538

6.733%, 

7/25/2068,

Ser.

2023-NQM3,

Class

A1

a,b

1,323,942

Arroyo

Mortgage

Trust

1,500,000

3.269%, 

12/25/2056,

Ser.

2022-1,

Class

A1B

a,b

1,378,681

Banc

of

America

Alternative

Loan

Trust

728,011

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

641,148

Banc

of

America

Mortgage

Securities

Trust

135,953

5.111%, 

9/25/2035,

Ser.

2005-H,

Class

2A1

c

119,908

197,421

5.240%, 

9/25/2035,

Ser.

2005-H,

Class

3A1

c

183,438

CAFL

Issuer,

LLC

798,415

2.239%, 

3/28/2029,

Ser.

2021-RTL1,

Class

A1

a,b

779,961

CHL

Mortgage

Pass-Through

Trust

81,295

6.403%, 

12/20/2035,

Ser.

2005-HYB8,

Class

3A1

c

78,358

204,684

6.000%, 

4/25/2037,

Ser.

2007-3,

Class

A18

99,487

136,456

6.000%, 

4/25/2037,

Ser.

2007-3,

Class

A33

66,325

482,300

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

215,878

CHNGE

Mortgage

Trust

1,300,312

3.757%, 

3/25/2067,

Ser.

2022-2,

Class

A1

a,c

1,238,185

626,699

5.000%, 

5/25/2067,

Ser.

2022-3,

Class

A1

a,c

618,126

676,186

6.525%, 

6/25/2058,

Ser.

2023-2,

Class

A1

a,b

673,296

1,358,720

5.820%, 

6/25/2067,

Ser.

2022-NQM1,

Class

A3

a,b

1,366,110

841,543

7.100%, 

7/25/2058,

Ser.

2023-3,

Class

A1

a,b

843,316

938,518

6.000%, 

10/25/2057,

Ser.

2022-4,

Class

A1

a,b

937,098

CIM

Trust

1,051,588

7.100%, 

4/25/2058,

Ser.

2023-I1,

Class

A3

a,b

1,052,164

Citigroup

Mortgage

Loan

Trust,

Inc.

217,788

5.500%, 

8/25/2034,

Ser.

2004-NCM2,

Class

1CB1

209,967

895,706

5.227%, 

4/25/2037,

Ser.

2007-AR5,

Class

1A1A

c

786,776

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Collateralized

Mortgage

Obligations

(8.9%)

-

continued

COLT

Mortgage

Loan

Trust

$

1,174,159

6.328%, 

12/25/2068,

Ser.

2024-INV1,

Class

A2

a,b

$

1,177,119

Countrywide

Alternative

Loan

Trust

252,254

5.000%, 

3/25/2035,

Ser.

2005-3CB,

Class

1A1

206,964

359,018

5.500%, 

5/25/2035,

Ser.

2005-J3,

Class

1A5

289,830

336,190

5.500%, 

10/25/2035,

Ser.

2005-46CB,

Class

A8

238,902

98,683

5.500%, 

2/25/2036,

Ser.

2005-85CB,

Class

2A2

79,251

176,220

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

61,939

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

210,423

4.688%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

c

169,304

Credit

Suisse

Mortgage

Trust

679,705

6.567%, 

8/25/2067,

Ser.

2022-ATH3,

Class

A3

a,c

677,943

288,038

2.572%, 

11/25/2066,

Ser.

2022-NQM1,

Class

A2

a,c

248,125

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

486,595

5.250%, 

6/25/2035,

Ser.

2005-3,

Class

4A6

438,792

Federal

Home

Loan

Mortgage

Corporation

1,032,767

3.500%, 

8/15/2035,

Ser.

345,

Class

C8

f

101,102

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

668,338

4.000%, 

1/25/2051,

Ser.

5249,

Class

LA

647,194

1,208,324

Zero

Coupon, 

9/25/2053,

Ser.

5334,

Class

BO

980,461

12,217,479

1.500%, 

12/25/2050,

Ser.

5107,

Class

IO

f

981,616

322,753

3.000%, 

5/15/2027,

Ser.

4046,

Class

GI

f

7,515

364,484

3.000%, 

7/15/2027,

Ser.

4084,

Class

NI

f

10,330

859,877

3.500%, 

10/15/2032,

Ser.

4119,

Class

KI

f

73,475

916,931

3.000%, 

4/15/2033,

Ser.

4203,

Class

DI

f

40,715

Federal

National

Mortgage

Association

-

REMIC

789,489

4.500%, 

6/25/2052,

Ser.

2022-43,

Class

MA

782,755

278,904

3.000%, 

7/25/2027,

Ser.

2012-73,

Class

DI

f

6,932

402,661

3.000%, 

7/25/2027,

Ser.

2012-74,

Class

AI

f

10,073

515,641

3.000%, 

8/25/2027,

Ser.

2012-95,

Class

HI

f

8,893

1,117,692

3.000%, 

11/25/2027,

Ser.

2012-121,

Class

BI

f

33,258

896,670

3.000%, 

12/25/2027,

Ser.

2012-139,

Class

DI

f

24,728

297,577

2.500%, 

1/25/2028,

Ser.

2012-152,

Class

AI

f

7,967

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

250

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Collateralized

Mortgage

Obligations

(8.9%)

-

continued

$

756,779

3.000%, 

1/25/2028,

Ser.

2012-147,

Class

EI

f

$

18,969

261,487

3.000%, 

2/25/2028,

Ser.

2013-2,

Class

GI

f

8,115

854,058

3.000%, 

3/25/2028,

Ser.

2013-18,

Class

IL

f

19,914

524,479

2.500%, 

6/25/2028,

Ser.

2013-87,

Class

IW

f

16,164

401,502

3.000%, 

11/25/2031,

Ser.

2013-69,

Class

IO

f

5,830

741,823

3.000%, 

2/25/2033,

Ser.

2013-1,

Class

YI

f

58,465

718,427

4.500%, 

1/25/2046,

Ser.

2022-68,

Class

BA

708,284

First

Horizon

Alternative

Mortgage

Securities

Trust

105,942

6.185%, 

7/25/2035,

Ser.

2005-AA5,

Class

2A1

c

97,005

Flagstar

Mortgage

Trust

1,452,881

3.000%, 

3/25/2050,

Ser.

2020-1INV,

Class

A3

a,c

1,242,764

1,629,237

2.500%, 

8/25/2051,

Ser.

2021-6INV,

Class

A4

a,c

1,328,123

736,566

2.500%, 

9/25/2041,

Ser.

2021-9INV,

Class

A1

a,c

651,119

GCAT

Trust

1,172,128

6.500%, 

1/25/2054,

Ser.

2024-INV1,

Class

2A2

a,c

1,186,444

844,116

4.250%, 

5/25/2067,

Ser.

2023-NQM4,

Class

A2

a,c

788,965

1,163,388

5.730%, 

8/25/2067,

Ser.

2022-NQM4,

Class

A3

a,b

1,160,868

GMAC

Mortgage

Corporation

Loan

Trust

360,166

3.872%, 

5/25/2035,

Ser.

2005-AR2,

Class

4A

c

301,246

3,787

4.078%, 

9/19/2035,

Ser.

2005-AR5,

Class

5A1

c

3,366

GS

Mortgage-Backed

Securities

Trust

1,495,878

5.500%, 

10/27/2053,

Ser.

2023-PJ3,

Class

A16

a,c

1,475,543

Home

RE,

Ltd.

1,400,000

9.947%, 

(SOFR30A

+

4.600%),

10/25/2033,

Ser.

2023-1,

Class

M1B

a,c

1,463,419

700,000

8.847%, 

(SOFR30A

+

3.500%),

10/25/2034,

Ser.

2022-1,

Class

M1B

a,c

712,885

HTAP

985,919

7.000%, 

4/25/2037,

Ser.

2024-1,

Class

A

a,c

976,342

IndyMac

IMJA

Mortgage

Loan

Trust

281,240

6.250%, 

11/25/2037,

Ser.

2007-A3,

Class

A1

127,458

IndyMac

INDA

Mortgage

Loan

Trust

1,489,425

3.826%, 

8/25/2036,

Ser.

2006-AR1,

Class

A1

c

1,150,107

J.P.

Morgan

Alternative

Loan

Trust

303,905

4.958%, 

3/25/2036,

Ser.

2006-A1,

Class

2A1

c

228,259

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Collateralized

Mortgage

Obligations

(8.9%)

-

continued

J.P.

Morgan

Mortgage

Trust

$

419,442

2.774%, 

5/25/2052,

Ser.

2021-LTV2,

Class

A2

a,c

$

349,752

1,025,058

5.000%, 

10/25/2053,

Ser.

2023-3,

Class

A4A

a,c

1,005,937

180,368

5.542%, 

7/25/2035,

Ser.

2007-A1,

Class

2A1

c

171,230

LHOME

Mortgage

Trust

164,389

3.363%, 

9/25/2026,

Ser.

2021-RTL3,

Class

A1

a

163,240

1,400,000

7.628%, 

11/25/2028,

Ser.

2023-RTL4,

Class

A1

a,b

1,424,652

1,700,000

7.017%, 

1/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

1,720,083

1,225,000

7.128%, 

3/25/2029,

Ser.

2024-RTL2,

Class

A1

a,b

1,242,369

1,000,000

6.900%, 

5/25/2029,

Ser.

2024-RTL3,

Class

A1

a,b

1,013,168

1,625,000

5.921%, 

7/25/2039,

Ser.

2024-RTL4,

Class

A1

a,g

1,624,988

Merrill

Lynch

Alternative

Note

Asset

Trust

504,831

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

181,607

MFA

Trust

273,309

3.875%, 

9/25/2056,

Ser.

2022-CHM1,

Class

A1

a,b

264,756

1,800,000

7.093%, 

2/25/2029,

Ser.

2024-RTL1,

Class

A1

a,b

1,809,190

Morgan

Stanley

Residential

Mortgage

Loan

Trust

1,148,137

6.500%, 

1/25/2054,

Ser.

2024-INV2,

Class

A1

a,c

1,162,159

MortgageIT

Securities

Corporation

Mortgage

Loan

Trust

1,581,532

5.924%, 

(TSFR1M

+

0.574%),

6/25/2047,

Ser.

2007-1,

Class

1A1

c

1,297,720

New

Residential

Mortgage

Loan

Trust

1,800,000

3.877%, 

1/25/2064,

Ser.

2024-RPL1,

Class

B2

a,c

1,428,908

NYMT

Loan

Trust

1,150,000

7.154%, 

2/25/2029,

Ser.

2024-BPL1,

Class

A1

a,b

1,157,882

1,750,000

6.509%, 

5/25/2039,

Ser.

2024-BPL2,

Class

A1

a,b

1,771,117

Preston

Ridge

Partners

Mortgage

Trust,

LLC

1,322,544

4.000%, 

1/25/2054,

Ser.

2024-RCF1,

Class

A1

a,b

1,278,795

1,300,000

3.500%, 

5/25/2054,

Ser.

2024-RPL2,

Class

A2

a,b

1,198,283

1,141,526

7.026%, 

3/25/2029,

Ser.

2024-2,

Class

A1

a,b

1,152,803

PRKCM

Trust

314,155

7.087%, 

6/25/2058,

Ser.

2023-AFC2,

Class

A3

a

316,754

717,125

7.627%, 

11/25/2058,

Ser.

2023-AFC4,

Class

A2

a,b

735,671

RCKT

Mortgage

Trust

1,380,060

6.147%, 

6/25/2044,

Ser.

2024-CES4,

Class

A1A

a,b

1,395,254

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

251

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Collateralized

Mortgage

Obligations

(8.9%)

-

continued

Residential

Accredit

Loans,

Inc.

Trust

$

262,701

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

$

229,971

339,518

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

271,528

181,844

6.250%, 

4/25/2037,

Ser.

2007-QS6,

Class

A6

150,695

Residential

Funding

Mortgage

Security

I

Trust

209,135

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

163,468

ROC

Securities

Trust

Series

805,367

3.487%, 

8/25/2026,

Ser.

2021-RTL1,

Class

A1

a,c

803,264

Saluda

Grade

Alternative

Mortgage

Trust

1,750,000

7.762%, 

4/25/2030,

Ser.

2024-RTL5,

Class

A1

a,b

1,771,654

1,650,000

7.439%, 

7/25/2030,

Ser.

2024-RTL6,

Class

A1

a,b

1,662,431

Sequoia

Mortgage

Trust

184,632

3.914%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

c

125,148

Structured

Adjustable

Rate

Mortgage

Loan

Trust

95,767

5.243%, 

7/25/2035,

Ser.

2005-15,

Class

4A1

c

80,797

Toorak

Mortgage

Trust

1,300,000

7.333%, 

2/25/2031,

Ser.

2024-1,

Class

A1

a,b

1,307,766

Triangle

Re,

Ltd.

1,000,000

8.747%, 

(SOFR30A

+

3.400%),

11/25/2033,

Ser.

2023-1,

Class

M1A

a,c

1,019,675

TVC

Mortgage

Trust

1,000,000

8.250%, 

11/25/2027,

Ser.

2023-RTL1,

Class

A1

a,b

1,009,860

Verus

Securitization

Trust

1,831,982

2.137%, 

10/25/2066,

Ser.

2021-7,

Class

A2

a,c

1,580,211

744,268

2.491%, 

11/25/2066,

Ser.

2021-8,

Class

A3

a,c

649,480

988,652

6.560%, 

12/25/2067,

Ser.

2023-1,

Class

A2

a,b

991,393

106,768

3.226%, 

5/25/2060,

Ser.

2020-2,

Class

A1

a,c

106,101

Washington

Mutual

Mortgage

Pass-Through

Certificates

311,348

6.000%, 

3/25/2035,

Ser.

2005-1,

Class

2A

262,002

Total

70,894,718

Commercial

Mortgage-Backed

Securities

(0.6%)

BANK

2022-BNK39

13,418,706

0.421%, 

2/15/2055,

Ser.

2022-BNK39,

Class

XA

c,f

346,048

BANK5

2023-5YR1

850,000

6.411%, 

4/15/2056,

Ser.

2023-5YR1,

Class

AS

c

873,520

BBCMS

Mortgage

Trust

7,117,483

1.151%, 

9/15/2055,

Ser.

2022-C17,

Class

XA

c,f

525,554

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Commercial

Mortgage-Backed

Securities

(0.6%)

-

continued

Velocity

Commercial

Capital

Loan

Trust

$

889,615

6.550%, 

1/25/2054,

Ser.

2024-1,

Class

A

a,c

$

900,029

1,140,194

6.650%, 

6/25/2054,

Ser.

2024-3,

Class

A

a,c

1,156,905

1,059,523

7.670%, 

11/25/2053,

Ser.

2023-4,

Class

A

a,c

1,099,111

Total

4,901,167

Communications

Services

(3.7%)

AMC

Networks,

Inc.

85,000

10.250%, 

1/15/2029

a

83,994

American

Tower

Corporation

247,000

4.400%, 

2/15/2026

245,010

144,000

1.450%, 

9/15/2026

134,068

243,000

5.500%, 

3/15/2028

248,249

160,000

5.800%, 

11/15/2028

165,988

192,000

3.800%, 

8/15/2029

182,870

AT&T,

Inc.

792,000

3.550%, 

9/15/2055

548,990

433,000

4.300%, 

2/15/2030

423,462

158,000

5.400%, 

2/15/2034

161,418

Bell

Telephone

Company

of

Canada

345,000

5.550%, 

2/15/2054

344,322

157,000

5.100%, 

5/11/2033

157,506

Cable

One,

Inc.,

Convertible

84,000

1.125%, 

3/15/2028

e

63,176

CCO

Holdings,

LLC/CCO

Holdings

Capital

Corporation

250,000

5.500%, 

5/1/2026

a

248,664

515,000

5.125%, 

5/1/2027

a

500,201

463,000

5.000%, 

2/1/2028

a

440,786

145,000

5.375%, 

6/1/2029

a

135,555

311,000

6.375%, 

9/1/2029

a

302,810

1,090,000

4.750%, 

3/1/2030

a

975,826

161,000

4.500%, 

8/15/2030

a

140,962

328,000

4.250%, 

2/1/2031

a

279,082

109,000

4.750%, 

2/1/2032

a

93,217

417,000

4.250%, 

1/15/2034

a

329,425

CenterPoint

Energy,

Inc.,

Convertible

5,766

3.369%, 

9/15/2029

227,526

Charter

Communications

Operating,

LLC/Charter

Communications

Operating

Capital

Corporation

147,000

6.150%, 

11/10/2026

149,811

221,000

5.050%, 

3/30/2029

216,848

234,000

6.550%, 

6/1/2034

240,022

Cimpress

plc

185,000

7.000%, 

6/15/2026

185,033

Clear

Channel

Outdoor

Holdings,

Inc.

83,000

7.875%, 

4/1/2030

a

84,469

Clear

Channel

Worldwide

Holdings,

Inc.

700,000

5.125%, 

8/15/2027

a

678,041

Comcast

Corporation

483,000

5.650%, 

6/1/2054

492,511

476,000

3.400%, 

4/1/2030

446,417

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

252

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Communications

Services

(3.7%)

-

continued

Crown

Castle,

Inc.

$

205,000

2.900%, 

3/15/2027

$

194,963

Deutsche

Telekom

International

Finance

BV

499,000

8.750%, 

6/15/2030

592,903

DIRECTV

Financing,

LLC/DIRECTV

Financing

Co-Obligor,

Inc.

1,153,000

5.875%, 

8/15/2027

a

1,110,283

Frontier

Communications

Holdings,

LLC

553,000

5.875%, 

10/15/2027

a

547,558

240,000

8.750%, 

5/15/2030

a

251,432

166,000

8.625%, 

3/15/2031

a

173,868

GCI,

LLC

625,000

4.750%, 

10/15/2028

a

580,181

Gray

Television,

Inc.

374,000

7.000%, 

5/15/2027

a,e

361,999

474,000

10.500%, 

7/15/2029

a

494,622

Iliad

Holding

SASU

297,000

6.500%, 

10/15/2026

a

297,615

439,000

8.500%, 

4/15/2031

a

457,362

Intelsat

Jackson

Holdings

SA

441,000

6.500%, 

3/15/2030

a

419,534

Lamar

Media

Corporation

267,000

3.625%, 

1/15/2031

237,243

LCPR

Senior

Secured

Financing

DAC

652,000

6.750%, 

10/15/2027

a

607,627

Level

3

Financing,

Inc.

166,327

10.500%, 

4/15/2029

a,e

170,485

166,328

11.000%, 

11/15/2029

a

176,081

237,000

10.500%, 

5/15/2030

a,e

242,214

McGraw-Hill

Education,

Inc.

499,000

5.750%, 

8/1/2028

a

480,607

Meta

Platforms,

Inc.

169,000

3.850%, 

8/15/2032

160,311

News

Corporation

279,000

3.875%, 

5/15/2029

a

258,303

Nexstar

Media,

Inc.

204,000

5.625%, 

7/15/2027

a

197,852

167,000

4.750%, 

11/1/2028

a,e

153,652

Optics

Bidco

SPA

410,000

6.000%, 

9/30/2034

a

387,450

Outfront

Media

Capital,

LLC/

Outfront

Media

Capital

Corporation

205,000

4.625%, 

3/15/2030

a

188,360

Paramount

Global

150,000

6.250%, 

2/28/2057

c

131,010

317,000

6.375%, 

3/30/2062

c

291,046

Playtika

Holding

Corporation

419,000

4.250%, 

3/15/2029

a

372,287

Rogers

Communications,

Inc.

125,000

5.250%, 

3/15/2082

a,c

121,001

266,000

5.000%, 

2/15/2029

266,875

438,000

5.300%, 

2/15/2034

438,996

Scripps

Escrow

II,

Inc.

164,000

3.875%, 

1/15/2029

a

106,692

Sinclair

Television

Group,

Inc.

153,000

4.125%, 

12/1/2030

a,e

106,344

Sirius

XM

Radio,

Inc.

372,000

5.000%, 

8/1/2027

a

359,959

485,000

4.000%, 

7/15/2028

a

445,110

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Communications

Services

(3.7%)

-

continued

$

100,000

4.125%, 

7/1/2030

a

$

86,918

Sprint

Capital

Corporation

511,000

6.875%, 

11/15/2028

547,869

220,000

8.750%, 

3/15/2032

267,502

Take-Two

Interactive

Software,

Inc.

172,000

5.600%, 

6/12/2034

175,300

TEGNA,

Inc.

169,000

4.750%, 

3/15/2026

a

166,401

516,000

4.625%, 

3/15/2028

473,398

Telecom

Italia

Capital

SA

27,000

6.000%, 

9/30/2034

25,414

Telenet

Finance

Luxembourg

Notes

SARL

600,000

5.500%, 

3/1/2028

a

572,243

T-Mobile

USA,

Inc.

160,000

5.500%, 

1/15/2055

158,085

338,000

3.375%, 

4/15/2029

316,796

Uniti

Group,

LP/Uniti

Group

Finance,

Inc./CSL

Capital,

LLC

513,000

4.750%, 

4/15/2028

a

443,042

Univision

Communications,

Inc.

68,000

8.000%, 

8/15/2028

a

68,337

543,000

4.500%, 

5/1/2029

a

474,290

249,000

7.375%, 

6/30/2030

a

239,733

Urban

One,

Inc.

102,000

7.375%, 

2/1/2028

a

77,852

Verizon

Communications,

Inc.

207,000

5.500%, 

2/23/2054

207,547

247,000

2.100%, 

3/22/2028

226,400

552,000

3.150%, 

3/22/2030

509,038

296,000

2.355%, 

3/15/2032

247,628

Viasat,

Inc.

272,000

6.500%, 

7/15/2028

a,e

221,433

Virgin

Media

Finance

plc

195,000

5.000%, 

7/15/2030

a

164,334

Virgin

Media

Secured

Finance

plc

421,000

5.500%, 

5/15/2029

a

392,099

VMED

O2

UK

Financing

I

plc

201,000

4.750%, 

7/15/2031

a

172,566

177,000

7.750%, 

4/15/2032

a

176,912

Vodafone

Group

plc

250,000

5.125%, 

6/4/2081

c

187,839

286,000

5.750%, 

6/28/2054

283,836

175,000

5.875%, 

6/28/2064

172,666

164,000

7.000%, 

4/4/2079

c

169,778

VZ

Secured

Financing

BV

678,000

5.000%, 

1/15/2032

a

594,119

Walt

Disney

Company

123,000

3.800%, 

3/22/2030

118,485

Warnermedia

Holdings,

Inc.

599,000

4.054%, 

3/15/2029

554,973

Windstream

Escrow,

LLC/

Windstream

Escrow

Finance

Corporation

183,000

7.750%, 

8/15/2028

a

176,524

Zegona

Finance

plc

312,000

8.625%, 

7/15/2029

a

318,279

Ziggo

Bond

Company

BV

199,000

5.125%, 

2/28/2030

a,e

175,725

Ziggo

BV

183,000

4.875%, 

1/15/2030

a

166,602

Total

29,638,047

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

253

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Cyclical

(5.1%)

1011778

B.C.,

ULC/New

Red

Finance,

Inc.

$

700,000

4.375%, 

1/15/2028

a

$

665,622

Adient

Global

Holdings,

Ltd.

270,000

8.250%, 

4/15/2031

a,e

283,872

Alimentation

Couche-Tard,

Inc.

279,000

5.617%, 

2/12/2054

a

282,554

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation

8,000

6.625%, 

7/15/2026

a

8,012

Allied

Universal

Holdco,

LLC/Allied

Universal

Finance

Corporation/

Atlas

Luxco

4

SARL

765,000

4.625%, 

6/1/2028

a

706,250

Allison

Transmission,

Inc.

276,000

3.750%, 

1/30/2031

a

245,652

Amazon.com,

Inc.

147,000

1.500%, 

6/3/2030

125,305

312,000

4.700%, 

12/1/2032

315,938

American

Axle

&

Manufacturing,

Inc.

150,000

6.875%, 

7/1/2028

150,032

475,000

5.000%, 

10/1/2029

e

435,657

American

Honda

Finance

Corporation

245,000

5.650%, 

11/15/2028

254,912

365,000

5.050%, 

7/10/2031

369,604

241,000

4.900%, 

1/10/2034

239,716

Anywhere

Real

Estate

Group,

LLC/Anywhere

Co-Issuer

Corporation

91,000

7.000%, 

4/15/2030

a,e

77,179

Arko

Corporation

310,000

5.125%, 

11/15/2029

a,e

270,436

Asbury

Automotive

Group,

Inc.

288,000

5.000%, 

2/15/2032

a

265,400

Ashton

Woods

USA,

LLC/Ashton

Woods

Finance

Company

280,000

4.625%, 

8/1/2029

a

258,526

150,000

4.625%, 

4/1/2030

a

136,931

Aston

Martin

Capital

Holdings,

Ltd.

216,000

10.000%, 

3/31/2029

a

216,871

Beazer

Homes

USA,

Inc.

286,000

7.500%, 

3/15/2031

a

290,218

Best

Buy

Company,

Inc.

147,000

1.950%, 

10/1/2030

125,298

Booking

Holdings,

Inc.,

Convertible

106,000

0.750%, 

5/1/2025

208,754

Boyd

Gaming

Corporation

430,000

4.750%, 

6/15/2031

a

396,086

Boyne

USA,

Inc.

274,000

4.750%, 

5/15/2029

a

259,486

Brookfield

Residential

Properties,

Inc./Brookfield

Residential

US,

LLC

252,000

4.875%, 

2/15/2030

a

231,016

Burlington

Stores,

Inc.,

Convertible

168,000

2.250%, 

4/15/2025

e

208,236

73,000

1.250%, 

12/15/2027

a

101,360

Caesars

Entertainment,

Inc.

2,000

8.125%, 

7/1/2027

a

2,043

1,100,000

4.625%, 

10/15/2029

a

1,021,972

202,000

6.500%, 

2/15/2032

a

204,666

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Cyclical

(5.1%)

-

continued

Carnival

Corporation

$

381,000

7.625%, 

3/1/2026

a

$

384,686

759,000

5.750%, 

3/1/2027

a

755,216

401,000

4.000%, 

8/1/2028

a

379,410

336,000

6.000%, 

5/1/2029

a,e

335,184

Cedar

Fair,

LP/Canada's

Wonderland

Company/Magnum

Management

Corporation/

Millennium

Operations,

LLC

83,000

5.375%, 

4/15/2027

82,770

454,000

5.250%, 

7/15/2029

442,120

Choice

Hotels

International,

Inc.

185,000

3.700%, 

12/1/2029

e

169,853

Churchill

Downs,

Inc.

265,000

4.750%, 

1/15/2028

a

255,856

202,000

6.750%, 

5/1/2031

a

205,145

Clarios

Global,

LP/Clarios

US

Finance

Company,

Inc.

600,000

6.750%, 

5/15/2028

a

610,991

Crocs,

Inc.

165,000

4.250%, 

3/15/2029

a

152,212

Cushman

&

Wakefield

US

Borrower,

LLC

83,000

6.750%, 

5/15/2028

a

83,165

D.R.

Horton,

Inc.

69,000

2.600%, 

10/15/2025

67,013

Daimler

Trucks

Finance

North

America,

LLC

150,000

5.400%, 

9/20/2028

a

153,415

Dana,

Inc.

166,000

5.625%, 

6/15/2028

161,777

250,000

4.250%, 

9/1/2030

220,767

245,000

4.500%, 

2/15/2032

214,061

eG

Global

Finance

plc

83,000

12.000%, 

11/30/2028

a

88,873

Expedia

Group,

Inc.

220,000

3.250%, 

2/15/2030

202,590

Expedia

Group,

Inc.,

Convertible

170,000

Zero

Coupon, 

2/15/2026

157,072

Ford

Motor

Company,

Convertible

372,000

Zero

Coupon, 

3/15/2026

360,654

Ford

Motor

Credit

Company,

LLC

266,000

5.850%, 

5/17/2027

268,811

255,000

2.900%, 

2/10/2029

228,609

275,000

7.122%, 

11/7/2033

293,667

Forestar

Group,

Inc.

173,000

3.850%, 

5/15/2026

a

167,282

Gap,

Inc.

120,000

3.625%, 

10/1/2029

a

104,891

Garrett

Motion

Holdings,

Inc./

Garrett

LX

I

SARL

236,000

7.750%, 

5/31/2032

a

239,968

General

Motors

Financial

Company,

Inc.

124,000

1.200%, 

10/15/2024

122,862

544,000

2.900%, 

2/26/2025

535,841

135,000

2.750%, 

6/20/2025

131,873

250,000

5.800%, 

6/23/2028

256,650

204,000

5.800%, 

1/7/2029

209,803

150,000

5.700%, 

9/30/2030

c,e,h

142,302

121,000

5.750%, 

2/8/2031

123,814

306,000

5.950%, 

4/4/2034

311,876

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

254

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Cyclical

(5.1%)

-

continued

GoDaddy

Operating

Company,

LLC/GD

Finance

Company,

Inc.

$

166,000

3.500%, 

3/1/2029

a

$

150,931

Goodyear

Tire

&

Rubber

Company

166,000

4.875%, 

3/15/2027

161,911

315,000

5.000%, 

7/15/2029

e

297,297

Hanesbrands,

Inc.

191,000

4.875%, 

5/15/2026

a

187,070

186,000

9.000%, 

2/15/2031

a,e

196,860

Harley-Davidson

Financial

Services,

Inc.

264,000

5.950%, 

6/11/2029

a

268,107

Hilton

Domestic

Operating

Company,

Inc.

763,000

4.875%, 

1/15/2030

737,707

83,000

4.000%, 

5/1/2031

a

75,179

479,000

3.625%, 

2/15/2032

a

419,529

Hilton

Grand

Vacations

Borrower

Escrow,

LLC/Hilton

Grand

Vacations

Borrower

Escrow,

Inc.

593,000

5.000%, 

6/1/2029

a

557,758

Home

Depot,

Inc.

181,000

5.300%, 

6/25/2054

180,113

181,000

5.400%, 

6/25/2064

181,316

208,000

3.250%, 

4/15/2032

189,346

Hyundai

Capital

America

118,000

5.500%, 

3/30/2026

a

118,770

221,000

3.000%, 

2/10/2027

a,e

210,978

166,000

6.500%, 

1/16/2029

a

175,578

Hyundai

Capital

Services,

Inc.

200,000

5.125%, 

2/5/2027

a,e

200,525

International

Game

Technology

plc

545,000

5.250%, 

1/15/2029

a

534,378

Jacobs

Entertainment,

Inc.

268,000

6.750%, 

2/15/2029

a

250,536

Jaguar

Land

Rover

Automotive

plc

200,000

5.500%, 

7/15/2029

a

195,595

KB

Home

395,000

4.800%, 

11/15/2029

378,336

L

Brands,

Inc.

880,000

6.625%, 

10/1/2030

a

888,357

100,000

6.875%, 

11/1/2035

101,317

Las

Vegas

Sands

Corporation

168,000

5.900%, 

6/1/2027

170,668

Light

&

Wonder

International,

Inc.

457,000

7.250%, 

11/15/2029

a

470,259

Live

Nation

Entertainment,

Inc.

185,000

4.750%, 

10/15/2027

a

179,381

Live

Nation

Entertainment,

Inc.,

Convertible

144,000

2.000%, 

2/15/2025

e

150,091

271,000

3.125%, 

1/15/2029

e

306,989

Lowe's

Companies,

Inc.

335,000

4.500%, 

4/15/2030

331,555

Macy's

Retail

Holdings,

LLC

335,000

5.875%, 

4/1/2029

a,e

327,197

165,000

6.125%, 

3/15/2032

a

157,472

Marriott

International,

Inc./MD

165,000

4.900%, 

4/15/2029

166,024

220,000

4.625%, 

6/15/2030

218,235

Marriott

Vacations

Worldwide

Corporation,

Convertible

162,000

Zero

Coupon, 

1/15/2026

148,343

266,000

3.250%, 

12/15/2027

243,523

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Cyclical

(5.1%)

-

continued

Mattamy

Group

Corporation

$

373,000

5.250%, 

12/15/2027

a

$

364,759

McDonald's

Corporation

152,000

4.950%, 

8/14/2033

153,376

Melco

Resorts

Finance,

Ltd.

459,000

5.375%, 

12/4/2029

a

412,753

425,000

7.625%, 

4/17/2032

a

422,864

Meritage

Homes

Corporation,

Convertible

111,000

1.750%, 

5/15/2028

a

122,411

Michaels

Companies,

Inc.

244,000

5.250%, 

5/1/2028

a

180,495

NCL

Corporation,

Ltd.

203,000

5.875%, 

3/15/2026

a

202,093

396,000

5.875%, 

2/15/2027

a

393,131

Nordstrom,

Inc.

160,000

4.375%, 

4/1/2030

145,471

225,000

4.250%, 

8/1/2031

200,244

PENN

Entertainment,

Inc.

415,000

4.125%, 

7/1/2029

a,e

367,269

PetSmart,

Inc./PetSmart

Finance

Corporation

690,000

4.750%, 

2/15/2028

a

648,278

260,000

7.750%, 

2/15/2029

a

252,349

Prime

Security

Services

Borrower,

LLC/Prime

Finance,

Inc.

540,000

5.750%, 

4/15/2026

a

539,580

370,000

6.250%, 

1/15/2028

a

368,784

QVC,

Inc.

104,000

4.375%, 

9/1/2028

e

79,560

Rakuten

Group,

Inc.

248,000

11.250%, 

2/15/2027

a

267,954

285,000

9.750%, 

4/15/2029

a

301,719

Royal

Caribbean

Cruises,

Ltd.

731,000

4.250%, 

7/1/2026

a

711,956

416,000

9.250%, 

1/15/2029

a

444,665

149,000

7.250%, 

1/15/2030

a

156,165

SeaWorld

Parks

and

Entertainment,

Inc.

398,000

5.250%, 

8/15/2029

a

379,114

Service

Corporation

International/

US

166,000

3.375%, 

8/15/2030

146,874

Six

Flags

Entertainment

Corporation

83,000

7.250%, 

5/15/2031

a,e

85,568

Six

Flags

Entertainment

Corporation/Six

Flags

Theme

Parks,

Inc.

83,000

6.625%, 

5/1/2032

a

85,227

Six

Flags

Theme

Parks,

Inc.

88,000

7.000%, 

7/1/2025

a

88,036

Sonic

Automotive,

Inc.

207,000

4.875%, 

11/15/2031

a

184,860

Staples,

Inc.

338,000

10.750%, 

9/1/2029

a

327,408

Station

Casinos,

LLC

383,000

4.625%, 

12/1/2031

a

349,029

Target

Corporation

307,000

2.350%, 

2/15/2030

275,082

Tenneco,

Inc.

551,000

8.000%, 

11/17/2028

a

500,067

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

255

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Cyclical

(5.1%)

-

continued

Toyota

Motor

Credit

Corporation

$

162,000

5.550%, 

11/20/2030

$

170,036

175,000

4.800%, 

1/5/2034

174,164

Tractor

Supply

Company

151,000

5.250%, 

5/15/2033

152,850

Uber

Technologies,

Inc.,

Convertible

173,000

Zero

Coupon, 

12/15/2025

178,190

280,000

0.875%, 

12/1/2028

a

312,060

VICI

Properties,

LP/VICI

Note

Company,

Inc.

496,000

5.750%, 

2/1/2027

a

499,470

Victoria's

Secret

&

Company

390,000

4.625%, 

7/15/2029

a

323,525

Viking

Cruises,

Ltd.

851,000

5.875%, 

9/15/2027

a

845,894

Volkswagen

Group

of

America

Finance,

LLC

68,000

3.350%, 

5/13/2025

a

66,925

Wabash

National

Corporation

260,000

4.500%, 

10/15/2028

a

236,059

Walgreens

Boots

Alliance,

Inc.

288,000

3.200%, 

4/15/2030

e

237,480

125,000

4.800%, 

11/18/2044

e

93,721

WASH

Multifamily

Acquisition,

Inc.

227,000

5.750%, 

4/15/2026

a

223,393

Wyndham

Hotels

&

Resorts,

Inc.

434,000

4.375%, 

8/15/2028

a

409,497

Wynn

Resorts

Finance,

LLC/Wynn

Resorts

Capital

Corporation

150,000

7.125%, 

2/15/2031

a

156,369

Yum!

Brands,

Inc.

507,000

4.750%, 

1/15/2030

a

488,588

ZF

North

America

Capital,

Inc.

274,000

7.125%, 

4/14/2030

a

284,421

Total

40,515,697

Consumer

Non-Cyclical

(4.6%)

1375209

B.C.,

Ltd.

165,000

9.000%, 

1/30/2028

a,e

156,430

AbbVie,

Inc.

406,000

5.500%, 

3/15/2064

410,629

247,000

5.350%, 

3/15/2044

251,043

AdaptHealth,

LLC

736,000

4.625%, 

8/1/2029

a

656,982

Albertsons

Companies,

Inc./

Safeway,

Inc./New

Albertsons,

LP/Albertsons,

LLC

522,000

4.625%, 

1/15/2027

a

508,926

556,000

3.500%, 

3/15/2029

a

506,543

Altria

Group,

Inc.

166,000

6.200%, 

11/1/2028

174,972

Amgen,

Inc.

247,000

5.150%, 

3/2/2028

250,372

Anheuser-Busch

InBev

Worldwide,

Inc.

295,000

4.750%, 

1/23/2029

297,923

487,000

5.000%, 

6/15/2034

493,879

Archer-Daniels-Midland

Company

155,000

4.500%, 

8/15/2033

150,839

AstraZeneca

Finance,

LLC

299,000

1.750%, 

5/28/2028

270,470

258,000

5.000%, 

2/26/2034

262,501

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Non-Cyclical

(4.6%)

-

continued

B&G

Foods,

Inc.

$

334,000

8.000%, 

9/15/2028

a

$

340,564

BAT

Capital

Corporation

202,000

6.343%, 

8/2/2030

215,009

113,000

5.834%, 

2/20/2031

117,225

141,000

7.750%, 

10/19/2032

162,599

Bausch

+

Lomb

Corporation

96,000

8.375%, 

10/1/2028

a

98,632

Bausch

Health

Companies,

Inc.

266,000

5.500%, 

11/1/2025

a

249,136

612,000

4.875%, 

6/1/2028

a

471,301

Becton,

Dickinson

and

Company

165,000

4.693%, 

2/13/2028

165,037

221,000

2.823%, 

5/20/2030

199,528

BellRing

Brands,

Inc.

282,000

7.000%, 

3/15/2030

a

290,607

BioMarin

Pharmaceutical,

Inc.,

Convertible

224,000

1.250%, 

5/15/2027

e

215,712

Bio-Rad

Laboratories,

Inc.

204,000

3.300%, 

3/15/2027

195,524

Bristol-Myers

Squibb

Company

331,000

5.550%, 

2/22/2054

335,343

166,000

5.750%, 

2/1/2031

175,915

82,000

5.900%, 

11/15/2033

88,170

Campbell

Soup

Company

526,000

5.400%, 

3/21/2034

535,263

Cargill,

Inc.

288,000

2.125%, 

11/10/2031

a

241,413

Catalent

Pharma

Solutions,

Inc.

203,000

3.125%, 

2/15/2029

a

195,993

Central

Garden

&

Pet

Company

386,000

4.125%, 

10/15/2030

348,765

Charles

River

Laboratories

International,

Inc.

200,000

4.000%, 

3/15/2031

a

181,725

Chefs'

Warehouse,

Inc.,

Convertible

122,000

2.375%, 

12/15/2028

e

141,288

Cheplapharm

Arzneimittel

GmbH

70,000

5.500%, 

1/15/2028

a

65,450

Chobani,

LLC/Chobani

Finance

Corporation,

Inc.

319,000

4.625%, 

11/15/2028

a

304,402

CHS/Community

Health

Systems,

Inc.

379,000

5.625%, 

3/15/2027

a

362,913

117,000

8.000%, 

12/15/2027

a

117,073

500,000

6.000%, 

1/15/2029

a

464,227

335,000

5.250%, 

5/15/2030

a

292,145

220,000

4.750%, 

2/15/2031

a

180,948

237,000

10.875%, 

1/15/2032

a

254,772

Cigna

Group

167,000

5.600%, 

2/15/2054

164,644

213,000

2.400%, 

3/15/2030

188,782

Coca-Cola

Company

161,000

5.300%, 

5/13/2054

163,829

Concentra

Escrow

Issuer

Corporation

84,000

6.875%, 

7/15/2032

a

86,546

Constellation

Brands,

Inc.

163,000

4.800%, 

1/15/2029

163,385

295,000

3.150%, 

8/1/2029

273,553

110,000

4.900%, 

5/1/2033

108,555

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

256

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Non-Cyclical

(4.6%)

-

continued

Coty,

Inc./HFC

Prestige

Products,

Inc./HFC

Prestige

International

US,

LLC

$

468,000

4.750%, 

1/15/2029

a

$

447,784

235,000

6.625%, 

7/15/2030

a

241,306

CVS

Health

Corporation

318,000

6.050%, 

6/1/2054

319,786

168,000

5.000%, 

2/20/2026

167,976

115,000

4.300%, 

3/25/2028

112,745

158,000

5.300%, 

6/1/2033

157,720

488,000

4.780%, 

3/25/2038

448,249

515,000

6.000%, 

6/1/2044

517,656

Diageo

Capital

plc

129,000

2.000%, 

4/29/2030

112,558

250,000

5.625%, 

10/5/2033

265,131

Edgewell

Personal

Care

Company

340,000

5.500%, 

6/1/2028

a

333,297

Eli

Lilly

&

Company

328,000

5.000%, 

2/9/2054

319,728

310,000

4.700%, 

2/27/2033

311,388

Embecta

Corporation

155,000

6.750%, 

2/15/2030

a

138,207

Encompass

Health

Corporation

860,000

4.500%, 

2/1/2028

831,434

Endo

Finance

Holdings,

Inc.

165,000

8.500%, 

4/15/2031

a,e

173,897

Energizer

Holdings,

Inc.

180,000

4.750%, 

6/15/2028

a

170,742

435,000

4.375%, 

3/31/2029

a

401,621

Envista

Holdings

Corporation,

Convertible

81,000

1.750%, 

8/15/2028

a,e

69,603

Fortrea

Holdings,

Inc.

136,000

7.500%, 

7/1/2030

a,e

137,949

GE

HealthCare

Technologies,

Inc.

274,000

6.377%, 

11/22/2052

i

305,050

General

Mills,

Inc.

62,000

4.950%, 

3/29/2033

61,797

Gilead

Sciences,

Inc.

160,000

5.250%, 

10/15/2033

164,507

Herbalife

Nutrition,

Ltd./HLF

Financing,

Inc.

165,000

7.875%, 

9/1/2025

a,e

163,922

HLF

Financing

SARL,

LLC/

Herbalife

International,

Inc.

308,000

4.875%, 

6/1/2029

a

209,440

Integer

Holdings

Corporation,

Convertible

240,000

2.125%, 

2/15/2028

349,680

Jazz

Investments

I,

Ltd.,

Convertible

425,000

2.000%, 

6/15/2026

415,129

Jazz

Securities

DAC

115,000

4.375%, 

1/15/2029

a

108,003

JBS

USA

Holding

Lux

SARL/JBS

USA

Food

Company/JBS

Lux

Company

SARL

395,000

2.500%, 

1/15/2027

370,701

173,000

3.625%, 

1/15/2032

151,182

Johnson

&

Johnson

322,000

5.250%, 

6/1/2054

332,446

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Non-Cyclical

(4.6%)

-

continued

KeHE

Distributors,

LLC/KeHE

Finance

Corporation/NextWave

Distribution,

Inc.

$

163,000

9.000%, 

2/15/2029

a

$

167,282

Kenvue,

Inc.

85,000

5.000%, 

3/22/2030

87,072

Keurig

Dr

Pepper,

Inc.

272,000

3.200%, 

5/1/2030

250,531

344,000

5.300%, 

3/15/2034

350,040

Kraft

Heinz

Foods

Company

152,000

6.750%, 

3/15/2032

168,716

Kroger

Company

124,000

4.500%, 

1/15/2029

123,614

Legacy

LifePoint

Health,

LLC

205,000

4.375%, 

2/15/2027

a

198,157

LifePoint

Health,

Inc.

325,000

9.875%, 

8/15/2030

a

354,191

196,000

11.000%, 

10/15/2030

a

219,981

Mattel,

Inc.

415,000

3.375%, 

4/1/2026

a

401,619

McKesson

Corporation

490,000

1.300%, 

8/15/2026

457,487

Medline

Borrower,

LP/Medline

Co-

Issuer,

Inc.

374,000

6.250%, 

4/1/2029

a

381,607

Medtronic

Global

Holdings

SCA

160,000

4.500%, 

3/30/2033

157,334

Mozart

Debt

Merger

Sub,

Inc.

449,000

3.875%, 

4/1/2029

a

419,013

318,000

5.250%, 

10/1/2029

a

307,377

MPH

Acquisition

Holdings,

LLC

166,000

5.500%, 

9/1/2028

a

129,587

Nestle

Capital

Corporation

200,000

5.100%, 

3/12/2054

a

197,076

Newell

Brands,

Inc.

172,000

6.375%, 

9/15/2027

e

171,805

171,000

6.625%, 

9/15/2029

171,561

Organon

&

Company/Organon

Foreign

Debt

Co-Issuer

BV

233,000

4.125%, 

4/30/2028

a

218,908

652,000

5.125%, 

4/30/2031

a

600,033

Owens

&

Minor,

Inc.

294,000

6.625%, 

4/1/2030

a,e

274,630

PepsiCo,

Inc.

351,000

5.250%, 

7/17/2054

356,206

Performance

Food

Group,

Inc.

249,000

4.250%, 

8/1/2029

a

230,619

Perrigo

Finance

Unlimited

Company

275,000

4.900%, 

6/15/2030

259,570

Philip

Morris

International,

Inc.

322,000

4.875%, 

2/15/2028

324,245

141,000

5.625%, 

11/17/2029

147,264

174,000

5.125%, 

2/13/2031

176,459

141,000

5.750%, 

11/17/2032

147,547

256,000

5.250%, 

2/13/2034

257,961

Post

Holdings,

Inc.

249,000

4.625%, 

4/15/2030

a

231,973

388,000

4.500%, 

9/15/2031

a

352,854

Post

Holdings,

Inc.,

Convertible

248,000

2.500%, 

8/15/2027

281,852

Primo

Water

Holdings,

Inc.

332,000

4.375%, 

4/30/2029

a

309,169

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

257

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Consumer

Non-Cyclical

(4.6%)

-

continued

Procter

&

Gamble

Company

$

122,000

1.200%, 

10/29/2030

$

101,727

Roche

Holdings,

Inc.

250,000

5.218%, 

3/8/2054

a

253,238

141,000

1.930%, 

12/13/2028

a

127,102

200,000

2.076%, 

12/13/2031

a

167,938

Royalty

Pharma

plc

343,000

1.200%, 

9/2/2025

328,329

238,000

5.150%, 

9/2/2029

239,617

Scotts

Miracle-Gro

Company

199,000

4.500%, 

10/15/2029

185,116

Simmons

Foods,

Inc.

664,000

4.625%, 

3/1/2029

a

597,523

Sotera

Health

Holdings,

LLC

177,000

7.375%, 

6/1/2031

a

180,549

Spectrum

Brands,

Inc.,

Convertible

145,000

3.375%, 

6/1/2029

a

140,650

Star

Parent,

Inc.

152,000

9.000%, 

10/1/2030

a

162,207

Sysco

Corporation

128,000

5.950%, 

4/1/2030

135,428

Takeda

Pharmaceutical

Company,

Ltd.

280,000

5.650%, 

7/5/2054

279,632

297,000

5.000%, 

11/26/2028

299,350

200,000

5.650%, 

7/5/2044

200,622

Tenet

Healthcare

Corporation

1,105,000

5.125%, 

11/1/2027

1,085,341

201,000

4.375%, 

1/15/2030

188,553

404,000

6.750%, 

5/15/2031

415,128

Teva

Pharmaceutical

Finance

Netherlands

III

BV

375,000

3.150%, 

10/1/2026

355,125

Topgolf

Callaway

Brands

Corporation,

Convertible

111,000

2.750%, 

5/1/2026

125,819

Unilever

Capital

Corporation

225,000

5.000%, 

12/8/2033

230,651

US

Acute

Care

Solutions,

LLC

168,000

9.750%, 

5/15/2029

a

166,568

Viterra

Finance

BV

324,000

3.200%, 

4/21/2031

a

286,496

Winnebago

Industries,

Inc.,

Convertible

131,000

3.250%, 

1/15/2030

a

130,214

Wyeth,

LLC

382,000

6.500%, 

2/1/2034

429,106

Zoetis,

Inc.

236,000

5.600%, 

11/16/2032

246,526

Total

36,800,011

Energy

(4.4%)

Antero

Midstream

Partners,

LP/

Antero

Midstream

Finance

Corporation

330,000

5.375%, 

6/15/2029

a

322,675

Apache

Corporation

239,000

4.375%, 

10/15/2028

228,936

Archrock

Partners,

LP/Archrock

Partners

Finance

Corporation

585,000

6.250%, 

4/1/2028

a

583,592

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Energy

(4.4%)

-

continued

Ascent

Resources

Utica

Holdings,

LLC/ARU

Finance

Corporation

$

338,000

8.250%, 

12/31/2028

a

$

346,972

169,000

5.875%, 

6/30/2029

a

165,755

Baytex

Energy

Corporation

338,000

8.500%, 

4/30/2030

a

356,767

Blue

Racer

Midstream,

LLC/Blue

Racer

Finance

Corporation

271,000

7.000%, 

7/15/2029

a

278,397

Borr

IHC,

Ltd./Borr

Finance,

LLC

403,952

10.375%, 

11/15/2030

a,e

426,317

BP

Capital

Markets

America,

Inc.

614,000

4.234%, 

11/6/2028

605,347

259,000

4.812%, 

2/13/2033

256,522

BP

Capital

Markets

plc

191,000

4.875%, 

3/22/2030

c,h

180,447

208,000

6.450%, 

12/1/2033

c,h

214,664

Buckeye

Partners,

LP

233,000

4.500%, 

3/1/2028

a

222,244

333,000

6.875%, 

7/1/2029

a

338,299

California

Resources

Corporation

203,000

8.250%, 

6/15/2029

a

207,879

Cheniere

Energy

Partners,

LP

146,000

4.500%, 

10/1/2029

141,294

146,000

3.250%, 

1/31/2032

127,372

259,000

5.950%, 

6/30/2033

267,555

Cheniere

Energy,

Inc.

158,000

5.650%, 

4/15/2034

a

160,555

Civitas

Resources,

Inc.

266,000

8.375%, 

7/1/2028

a

279,276

113,000

8.625%, 

11/1/2030

a

122,052

410,000

8.750%, 

7/1/2031

a

440,905

CNX

Resources

Corporation

195,000

6.000%, 

1/15/2029

a

193,023

CNX

Resources

Corporation,

Convertible

173,000

2.250%, 

5/1/2026

361,310

Columbia

Pipelines

Holding

Company,

LLC

167,000

6.055%, 

8/15/2026

a

169,557

317,000

6.042%, 

8/15/2028

a

329,447

Comstock

Resources,

Inc.

331,000

6.750%, 

3/1/2029

a

319,829

235,000

6.750%, 

3/1/2029

a

227,687

330,000

5.875%, 

1/15/2030

a

306,957

CQP

Holdco,

LP/BIP-V

Chinnok

Holdco,

LLC

175,000

5.500%, 

6/15/2031

a

167,849

Crescent

Energy

Finance,

LLC

204,000

9.250%, 

2/15/2028

a

215,359

509,000

7.625%, 

4/1/2032

a

522,011

Delek

Logistics

Partners,

LP/Delek

Logistics

Finance

Corporation

370,000

8.625%, 

3/15/2029

a

384,389

Diamond

Foreign

Asset

Company/

Diamond

Finance,

LLC

128,000

8.500%, 

10/1/2030

a

136,262

Diamondback

Energy,

Inc.

381,000

5.750%, 

4/18/2054

377,129

DT

Midstream,

Inc.

264,000

4.125%, 

6/15/2029

a

246,790

Enbridge,

Inc.

175,000

7.375%, 

1/15/2083

c

176,042

175,000

7.625%, 

1/15/2083

c

181,839

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

258

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Energy

(4.4%)

-

continued

$

244,000

5.950%, 

4/5/2054

$

247,546

78,000

5.700%, 

3/8/2033

80,537

Enerflex,

Ltd.

267,000

9.000%, 

10/15/2027

a

275,319

Energy

Transfer,

LP

161,000

5.950%, 

5/15/2054

158,985

530,000

8.000%, 

5/15/2054

c

564,238

161,000

6.050%, 

9/1/2054

161,388

175,000

6.750%, 

5/15/2025

c,h

173,647

169,000

4.400%, 

3/15/2027

167,039

64,000

7.125%, 

5/15/2030

c,h

63,796

169,000

6.400%, 

12/1/2030

181,021

182,000

5.600%, 

9/1/2034

184,667

Enterprise

Products

Operating,

LLC

148,000

4.150%, 

10/16/2028

145,548

178,000

8.574%, 

(TSFR3M

+

3.248%),

8/16/2077

c

176,944

EQM

Midstream

Partners,

LP

931,000

4.750%, 

1/15/2031

a

879,042

Genesis

Energy

LP/Genesis

Energy

Finance

Corporation

270,000

8.875%, 

4/15/2030

285,856

405,000

7.875%, 

5/15/2032

413,562

Harvest

Midstream

I,

LP

392,000

7.500%, 

9/1/2028

a

401,153

249,000

7.500%, 

5/15/2032

a

256,189

Hess

Midstream

Operations,

LP

374,000

4.250%, 

2/15/2030

a

347,115

Hilcorp

Energy

I,

LP/Hilcorp

Finance

Company

262,000

5.750%, 

2/1/2029

a

257,609

166,000

6.000%, 

4/15/2030

a

162,409

564,000

6.250%, 

4/15/2032

a

548,617

Howard

Midstream

Energy

Partners,

LLC

475,000

7.375%, 

7/15/2032

a

489,213

ITT

Holdings,

LLC

475,000

6.500%, 

8/1/2029

a

445,712

Kinder

Morgan,

Inc.

348,000

5.950%, 

8/1/2054

349,067

Kodiak

Gas

Services,

LLC

204,000

7.250%, 

2/15/2029

a

209,853

Laredo

Petroleum,

Inc.

581,000

7.750%, 

7/31/2029

a

587,554

MEG

Energy

Corporation

440,000

5.875%, 

2/1/2029

a

434,517

MPLX,

LP

370,000

1.750%, 

3/1/2026

351,672

82,000

5.000%, 

3/1/2033

80,229

130,000

5.500%, 

6/1/2034

130,950

Nabors

Industries,

Inc.

166,000

7.375%, 

5/15/2027

a

169,043

423,000

9.125%, 

1/31/2030

a

451,895

National

Fuel

Gas

Company

296,000

5.500%, 

1/15/2026

296,914

New

Fortress

Energy,

Inc.

137,000

6.750%, 

9/15/2025

a

134,686

136,000

8.750%, 

3/15/2029

a,e

123,319

NGL

Energy

Operating,

LLC/NGL

Energy

Finance

Corporation

135,000

8.125%, 

2/15/2029

a

136,817

203,000

8.375%, 

2/15/2032

a

207,436

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Energy

(4.4%)

-

continued

Noble

Finance

II,

LLC

$

165,000

8.000%, 

4/15/2030

a

$

173,278

Northern

Oil

and

Gas,

Inc.

338,000

8.750%, 

6/15/2031

a

356,238

Northern

Oil

and

Gas,

Inc.,

Convertible

214,000

3.625%, 

4/15/2029

272,315

NuStar

Logistics,

LP

330,000

6.375%, 

10/1/2030

336,791

Occidental

Petroleum

Corporation

204,000

5.000%, 

8/1/2027

204,702

330,000

8.875%, 

7/15/2030

385,868

ONEOK,

Inc.

222,000

2.200%, 

9/15/2025

215,265

164,000

5.550%, 

11/1/2026

166,292

157,000

5.650%, 

11/1/2028

161,856

Ovintiv,

Inc.

201,000

5.650%, 

5/15/2028

205,305

160,000

6.250%, 

7/15/2033

167,338

PBF

Holding

Company,

LLC/PBF

Finance

Corporation

256,000

6.000%, 

2/15/2028

251,117

Permian

Resources

Operating,

LLC,

Convertible

79,000

3.250%, 

4/1/2028

206,481

Pioneer

Natural

Resources

Company

184,000

1.900%, 

8/15/2030

158,119

Plains

All

American

Pipeline,

LP

41,000

9.694%, 

(TSFR3M

+

4.372%),

9/3/2024

c,h

40,880

Plains

All

American

Pipeline,

LP/

PAA

Finance

Corporation

314,000

4.650%, 

10/15/2025

311,859

Prairie

Acquiror,

LP

272,000

9.000%, 

8/1/2029

a

280,455

Precision

Drilling

Corporation

420,000

6.875%, 

1/15/2029

a

419,897

Range

Resources

Corporation

271,000

4.750%, 

2/15/2030

a

256,691

Rockies

Express

Pipeline,

LLC

424,000

4.950%, 

7/15/2029

a

405,497

Saturn

Oil

&

Gas,

Inc.

204,000

9.625%, 

6/15/2029

a

209,637

Schlumberger

Holdings

Corporation

93,000

4.300%, 

5/1/2029

a

91,605

SM

Energy

Company

200,000

6.500%, 

7/15/2028

199,527

117,000

7.000%, 

8/1/2032

a

118,268

Southwestern

Energy

Company

250,000

4.750%, 

2/1/2032

233,623

Suburban

Propane

Partners,

LP/

Suburban

Energy

Finance

Corporation

166,000

5.875%, 

3/1/2027

164,659

Suncor

Energy,

Inc.

160,000

7.150%, 

2/1/2032

178,721

Sunoco,

LP

498,000

7.000%, 

5/1/2029

a

512,573

Sunoco,

LP/Sunoco

Finance

Corporation

236,000

5.875%, 

3/15/2028

235,095

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

259

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Energy

(4.4%)

-

continued

Tallgrass

Energy

Partners

LP/

Tallgrass

Energy

Finance

Corporation

$

580,000

5.500%, 

1/15/2028

a

$

559,613

248,000

7.375%, 

2/15/2029

a

251,253

Talos

Production,

Inc.

177,000

9.000%, 

2/1/2029

a

186,499

Targa

Resources

Partners,

LP

355,000

4.875%, 

2/1/2031

344,072

Teine

Energy,

Ltd.

320,000

6.875%, 

4/15/2029

a

317,319

TGNR

Intermediate

Holdings,

LLC

360,000

5.500%, 

10/15/2029

a

341,367

TotalEnergies

Capital

SA

489,000

5.488%, 

4/5/2054

494,677

TransCanada

Trust

342,000

5.875%, 

8/15/2076

c

334,252

Transocean,

Inc.

163,800

8.750%, 

2/15/2030

a

172,061

UGI

Corporation,

Convertible

61,000

5.000%, 

6/1/2028

a

63,409

USA

Compression

Partners,

LP/

USA

Compression

Finance

Corporation

291,000

7.125%, 

3/15/2029

a

296,145

Valaris,

Ltd.

344,000

8.375%, 

4/30/2030

a

360,190

Venture

Global

Calcasieu

Pass,

LLC

640,000

3.875%, 

8/15/2029

a

591,731

250,000

4.125%, 

8/15/2031

a

227,262

Venture

Global

LNG,

Inc.

615,000

8.125%, 

6/1/2028

a

640,484

689,000

8.375%, 

6/1/2031

a

724,048

441,000

9.875%, 

2/1/2032

a

489,548

Viridien

SA

83,000

8.750%, 

4/1/2027

a

79,745

Williams

Companies,

Inc.

370,000

4.900%, 

3/15/2029

371,063

147,000

2.600%, 

3/15/2031

127,148

Total

35,212,244

Financials

(11.9%)

Acrisure,

LLC/Acrisure

Finance,

Inc.

117,000

4.250%, 

2/15/2029

a

107,672

166,000

7.500%, 

11/6/2030

a

168,476

AerCap

Holdings

NV

164,000

5.875%, 

10/10/2079

c,e

163,589

AerCap

Ireland

Capital

DAC/

AerCap

Global

Aviation

Trust

160,000

6.950%, 

3/10/2055

c

161,792

220,000

6.500%, 

7/15/2025

221,844

150,000

6.100%, 

1/15/2027

153,639

243,000

5.750%, 

6/6/2028

249,382

384,000

3.000%, 

10/29/2028

355,321

Agree,

LP

163,000

5.625%, 

6/15/2034

165,497

Air

Lease

Corporation

133,000

2.300%, 

2/1/2025

130,792

48,000

3.375%, 

7/1/2025

47,112

189,000

4.650%, 

6/15/2026

c,h

182,432

147,000

3.125%, 

12/1/2030

131,702

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

Aircastle,

Ltd.

$

240,000

5.250%, 

6/15/2026

a,c,h

$

234,558

147,000

2.850%, 

1/26/2028

a

135,156

Alliant

Holdings

Intermediate,

LLC/

Alliant

Holdings

Co-Issuer,

Inc.

164,000

4.250%, 

10/15/2027

a

156,070

378,000

6.750%, 

4/15/2028

a

379,872

238,000

7.000%, 

1/15/2031

a

242,292

Ally

Financial,

Inc.

217,000

5.750%, 

11/20/2025

217,769

328,000

4.700%, 

5/15/2026

c,h

300,713

148,000

8.000%, 

11/1/2031

166,542

258,000

6.700%, 

2/14/2033

265,194

American

Express

Company

210,000

3.550%, 

9/15/2026

c,h

196,082

320,000

6.338%, 

10/30/2026

c

324,684

485,000

2.550%, 

3/4/2027

459,912

American

Homes

4

Rent,

LP

156,000

2.375%, 

7/15/2031

129,833

American

International

Group,

Inc.

317,000

5.125%, 

3/27/2033

319,658

AmWINS

Group,

Inc.

135,000

6.375%, 

2/15/2029

a

136,956

401,000

4.875%, 

6/30/2029

a

378,106

Aon

North

America,

Inc.

328,000

5.750%, 

3/1/2054

330,857

Apollo

Debt

Solutions

BDC

300,000

6.700%, 

7/29/2031

a

303,532

Ares

Capital

Corporation

70,000

4.250%, 

3/1/2025

69,371

371,000

2.150%, 

7/15/2026

347,214

194,000

5.875%, 

3/1/2029

194,675

Arthur

J.

Gallagher

&

Company

246,000

5.750%, 

7/15/2054

246,499

Assurant,

Inc.

239,000

6.100%, 

2/27/2026

241,097

Australia

&

New

Zealand

Banking

Group,

Ltd.

338,000

2.950%, 

7/22/2030

a,c

329,499

Aviation

Capital

Group,

LLC

142,000

4.875%, 

10/1/2025

a

140,956

Avolon

Holdings

Funding,

Ltd.

309,000

4.250%, 

4/15/2026

a

303,161

321,000

5.750%, 

3/1/2029

a

326,758

Banco

Santander

Mexico

SA

87,000

5.375%, 

4/17/2025

a

86,708

Banco

Santander

SA

82,000

4.750%, 

11/12/2026

c,h

75,580

200,000

5.294%, 

8/18/2027

201,241

200,000

4.175%, 

3/24/2028

c

194,929

200,000

6.921%, 

8/8/2033

214,444

Bank

of

America

Corporation

285,000

4.200%, 

8/26/2024

284,654

711,000

6.250%, 

9/5/2024

c,h

710,342

150,000

6.100%, 

3/17/2025

c,h

149,545

339,000

1.319%, 

6/19/2026

c

327,356

735,000

1.197%, 

10/24/2026

c

699,414

220,000

6.125%, 

4/27/2027

c,h

220,398

218,000

1.734%, 

7/22/2027

c

204,631

283,000

4.376%, 

4/27/2028

c

279,464

442,000

3.593%, 

7/21/2028

c

426,494

218,000

4.948%, 

7/22/2028

c

218,595

370,000

5.819%, 

9/15/2029

c

383,116

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

260

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

$

824,000

3.974%, 

2/7/2030

c

$

793,591

525,000

2.687%, 

4/22/2032

c

453,952

216,000

2.572%, 

10/20/2032

c

183,516

275,000

2.972%, 

2/4/2033

c

238,426

241,000

5.468%, 

1/23/2035

c

246,431

140,000

3.846%, 

3/8/2037

c

125,980

Bank

of

Montreal

356,000

5.266%, 

12/11/2026

360,275

235,000

5.203%, 

2/1/2028

238,681

140,000

3.088%, 

1/10/2037

c

117,237

Bank

of

New

York

Mellon

Corporation

165,000

6.317%, 

10/25/2029

c

175,026

218,000

4.596%, 

7/26/2030

c

217,002

165,000

6.474%, 

10/25/2034

c

181,781

Bank

of

Nova

Scotia

294,000

4.900%, 

6/4/2025

c,h

288,679

148,000

1.050%, 

3/2/2026

139,431

Barclays

plc

248,000

6.125%, 

12/15/2025

c,h

244,827

562,000

2.852%, 

5/7/2026

c

550,953

200,000

5.501%, 

8/9/2028

c

202,217

223,000

4.972%, 

5/16/2029

c

222,280

200,000

6.224%, 

5/9/2034

c

210,474

160,000

7.119%, 

6/27/2034

c

173,168

BlackRock

Funding,

Inc.

162,000

5.250%, 

3/14/2054

160,781

Blue

Owl

Capital

Corporation

II

163,000

8.450%, 

11/15/2026

a

170,058

Blue

Owl

Credit

Income

Corporation

209,000

4.700%, 

2/8/2027

202,339

Blue

Owl

Technology

Finance

Corporation

73,000

4.750%, 

12/15/2025

a

71,186

221,000

3.750%, 

6/17/2026

a

208,886

Blue

Owl

Technology

Finance

Corporation

II

80,000

6.750%, 

4/4/2029

a

79,636

BNP

Paribas

SA

199,000

2.819%, 

11/19/2025

a,c

197,281

200,000

3.132%, 

1/20/2033

a,c

173,421

BPCE

SA

133,000

2.375%, 

1/14/2025

a

131,108

Bread

Financial

Holdings,

Inc.,

Convertible

138,000

4.250%, 

6/15/2028

212,962

Brixmor

Operating

Partnership,

LP

245,000

2.250%, 

4/1/2028

222,517

Burford

Capital

Global

Finance,

LLC

393,000

9.250%, 

7/1/2031

a

418,769

Camden

Property

Trust

187,000

4.900%, 

1/15/2034

183,995

Canadian

Imperial

Bank

of

Commerce

197,000

5.926%, 

10/2/2026

201,369

Capital

One

Financial

Corporation

82,000

3.950%, 

9/1/2026

c,h

75,682

206,000

3.273%, 

3/1/2030

c

189,719

Capital

One

NA

199,000

2.280%, 

1/28/2026

c

195,734

Castlelake

Aviation

Finance

DAC

264,000

5.000%, 

4/15/2027

a

257,158

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

Centene

Corporation

$

637,000

3.000%, 

10/15/2030

$

556,790

323,000

2.625%, 

8/1/2031

269,234

Charles

Schwab

Corporation

328,000

5.375%, 

6/1/2025

c,h

324,162

324,000

0.900%, 

3/11/2026

303,462

203,000

4.000%, 

6/1/2026

c,h

189,569

166,000

5.875%, 

8/24/2026

169,113

200,000

2.000%, 

3/20/2028

182,291

300,000

4.000%, 

12/1/2030

c,h

253,274

158,000

6.136%, 

8/24/2034

c

167,329

Citibank

NA

250,000

5.570%, 

4/30/2034

260,047

Citigroup,

Inc.

116,000

5.000%, 

9/12/2024

c,h

115,676

332,000

5.500%, 

9/13/2025

333,085

150,000

4.000%, 

12/10/2025

c,h

143,598

320,000

3.875%, 

2/18/2026

c,h

303,277

522,000

1.122%, 

1/28/2027

c

491,847

974,000

1.462%, 

6/9/2027

c

913,091

285,000

3.070%, 

2/24/2028

c

272,418

89,000

7.375%, 

5/15/2028

c,h

91,265

204,000

7.625%, 

11/15/2028

c,h

212,156

589,000

4.075%, 

4/23/2029

c

573,864

128,000

7.125%, 

8/15/2029

c,h

128,097

156,000

6.174%, 

5/25/2034

c

161,945

225,000

7.000%, 

8/15/2034

c,h

228,242

Citizens

Financial

Group,

Inc.

162,000

4.000%, 

10/6/2026

c,h

146,941

195,000

5.718%, 

7/23/2032

c

197,401

CNA

Financial

Corporation

341,000

5.125%, 

2/15/2034

338,922

Coinbase

Global,

Inc.,

Convertible

209,000

0.500%, 

6/1/2026

214,956

236,000

0.250%, 

4/1/2030

a

232,814

Comerica,

Inc.

78,000

5.625%, 

7/1/2025

c,h

76,273

92,000

5.982%, 

1/30/2030

c

92,233

Commonwealth

Bank

of

Australia

177,000

2.688%, 

3/11/2031

a

150,598

Cooperatieve

Rabobank

UA

135,000

1.339%, 

6/24/2026

a,c

130,341

COPT

Defense

Properties,

LP

292,000

2.250%, 

3/15/2026

278,490

COPT

Defense

Properties,

LP,

Convertible

65,000

5.250%, 

9/15/2028

a

72,182

Corebridge

Financial,

Inc.

131,000

6.875%, 

12/15/2052

c

133,359

161,000

6.050%, 

9/15/2033

a

169,443

147,000

5.750%, 

1/15/2034

151,332

Credit

Acceptance

Corporation

308,000

9.250%, 

12/15/2028

a

328,681

Credit

Agricole

SA

147,000

3.250%, 

1/14/2030

a

132,443

Credit

Suisse

Group

AG

83,000

7.250%, 

N/A

*,j

9,130

167,000

7.500%, 

N/A

*,j

18,370

Dai-ichi

Life

Insurance

Company,

Ltd.

270,000

5.100%, 

10/28/2024

a,c,h

269,053

Deutsche

Bank

AG/New

York,

NY

502,000

2.129%, 

11/24/2026

c

480,857

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

261

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

$

280,000

2.311%, 

11/16/2027

c

$

261,760

230,000

6.819%, 

11/20/2029

c

243,302

209,000

3.742%, 

1/7/2033

c

176,068

Discover

Bank

295,000

5.974%, 

(USISOA05

+

1.730%),

8/9/2028

c

295,751

Discover

Financial

Services

72,000

6.700%, 

11/29/2032

77,500

Diversified

Healthcare

Trust

197,000

Zero

Coupon, 

1/15/2026

a

174,214

Drawbridge

Special

Opportunities

Fund,

LP

579,000

3.875%, 

2/15/2026

a

556,649

Elevance

Health,

Inc.

322,000

5.650%, 

6/15/2054

325,348

204,000

5.350%, 

10/15/2025

204,611

452,000

2.550%, 

3/15/2031

394,098

Encore

Capital

Group,

Inc.

93,000

9.250%, 

4/1/2029

a

97,994

Encore

Capital

Group,

Inc.,

Convertible

152,000

4.000%, 

3/15/2029

155,787

Equitable

Holdings,

Inc.

38,000

4.572%, 

2/15/2029

a

37,401

Extra

Space

Storage,

LP

180,000

5.900%, 

1/15/2031

187,448

144,000

2.400%, 

10/15/2031

121,033

Fairfax

Financial

Holdings,

Ltd.

245,000

6.350%, 

3/22/2054

a

252,004

Federal

Realty

OP,

LP,

Convertible

117,000

3.250%, 

1/15/2029

a

119,340

Fifth

Third

Bancorp

148,000

4.500%, 

9/30/2025

c,h

143,834

145,000

4.772%, 

7/28/2030

c

142,490

Fifth

Third

Bank

NA

398,000

3.850%, 

3/15/2026

389,133

First

Horizon

Bank

220,000

5.750%, 

5/1/2030

e

216,190

FirstCash,

Inc.

413,000

5.625%, 

1/1/2030

a

401,152

Five

Corners

Funding

Trust

III

220,000

5.791%, 

2/15/2033

a

229,624

Fortress

Transportation

and

Infrastructure

Investors,

LLC

173,000

5.500%, 

5/1/2028

a

169,610

307,000

7.000%, 

5/1/2031

a

316,522

237,000

7.000%, 

6/15/2032

a

244,423

Freedom

Mortgage

Corporation

159,000

7.625%, 

5/1/2026

a

159,176

Freedom

Mortgage

Holdings,

LLC

386,000

9.250%, 

2/1/2029

a

388,764

165,000

9.125%, 

5/15/2031

a

162,319

FS

KKR

Capital

Corporation

146,000

3.400%, 

1/15/2026

140,437

146,000

2.625%, 

1/15/2027

134,253

GGAM

Finance,

Ltd.

336,000

7.750%, 

5/15/2026

a

344,060

170,000

8.000%, 

6/15/2028

a

179,919

136,000

6.875%, 

4/15/2029

a

139,051

Global

Net

Lease,

Inc./Global

Net

Lease

Operating

Partnership,

LP

499,000

3.750%, 

12/15/2027

a

451,614

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

goeasy,

Ltd.

$

260,000

9.250%, 

12/1/2028

a

$

278,830

171,000

7.625%, 

7/1/2029

a

174,908

Goldman

Sachs

BDC,

Inc.

177,000

6.375%, 

3/11/2027

180,949

Goldman

Sachs

Group,

Inc.

155,000

5.500%, 

2/10/2025

c,h

154,576

141,000

3.500%, 

4/1/2025

139,239

206,000

0.855%, 

2/12/2026

c

200,980

250,000

3.650%, 

8/10/2026

c,h

230,994

170,000

4.125%, 

11/10/2026

c,h

159,158

429,000

1.948%, 

10/21/2027

c

401,450

141,000

2.640%, 

2/24/2028

c

133,115

573,000

3.615%, 

3/15/2028

c

554,718

284,000

4.482%, 

8/23/2028

c

280,602

294,000

3.814%, 

4/23/2029

c

282,778

148,000

3.800%, 

3/15/2030

141,062

148,000

2.615%, 

4/22/2032

c

127,142

146,000

2.383%, 

7/21/2032

c

122,768

354,000

5.330%, 

7/23/2035

c

356,629

Hartford

Financial

Services

Group,

Inc.

148,000

2.800%, 

8/19/2029

134,898

216,000

7.709%, 

(TSFR3M

+

2.387%),

2/12/2047

a,c

194,366

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

Convertible

12,000

Zero

Coupon, 

5/1/2025

a

12,630

70,000

3.750%, 

8/15/2028

a

92,295

Health

Care

Service

Corporation

301,000

5.450%, 

6/15/2034

a

304,240

HSBC

Holdings

plc

148,000

2.633%, 

11/7/2025

c

146,838

162,000

1.645%, 

4/18/2026

c

157,722

200,000

6.161%, 

3/9/2029

c

207,681

413,000

4.583%, 

6/19/2029

c

406,190

176,000

2.804%, 

5/24/2032

c

150,750

HUB

International,

Ltd.

480,000

7.250%, 

6/15/2030

a

495,062

Huntington

Bancshares,

Inc./OH

226,000

4.450%, 

10/15/2027

c,e,h

207,925

440,000

5.709%, 

2/2/2035

c

444,822

Icahn

Enterprises,

LP/Icahn

Enterprises

Finance

Corporation

279,000

6.250%, 

5/15/2026

278,103

671,000

5.250%, 

5/15/2027

643,549

ING

Groep

NV

292,000

1.726%, 

4/1/2027

c

276,247

200,000

6.083%, 

9/11/2027

c

204,144

Intercontinental

Exchange,

Inc.

208,000

4.350%, 

6/15/2029

204,018

Intesa

Sanpaolo

SPA

206,000

4.198%, 

6/1/2032

a,c

178,353

Invitation

Homes

Operating

Partnership,

LP

223,000

2.000%, 

8/15/2031

181,134

J.P.

Morgan

Chase

&

Company

244,000

4.600%, 

2/1/2025

c,h

242,165

252,000

4.000%, 

4/1/2025

c,h

246,355

185,000

3.650%, 

6/1/2026

c,h

175,675

471,000

1.045%, 

11/19/2026

c

446,675

294,000

1.578%, 

4/22/2027

c

277,496

265,000

2.947%, 

2/24/2028

c

252,891

442,000

4.005%, 

4/23/2029

c

429,852

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

262

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

$

146,000

2.069%, 

6/1/2029

c

$

132,136

589,000

4.493%, 

3/24/2031

c

579,404

141,000

2.963%, 

1/25/2033

c

122,919

147,000

4.912%, 

7/25/2033

c

145,623

142,000

5.717%, 

9/14/2033

c

147,074

172,000

5.350%, 

6/1/2034

c

175,139

159,000

6.254%, 

10/23/2034

c

172,111

81,000

5.336%, 

1/23/2035

c

82,282

273,000

5.766%, 

4/22/2035

c

286,123

J.P.

Morgan

Chase

Bank

NA

365,000

5.110%, 

12/8/2026

368,215

Jane

Street

Group/JSG

Finance,

Inc.

269,000

4.500%, 

11/15/2029

a

254,644

Jefferies

Finance,

LLC/JFIN

Co-

Issuer

Corporation

135,000

5.000%, 

8/15/2028

a

125,383

Jefferson

Capital

Holdings,

LLC

135,000

6.000%, 

8/15/2026

a

134,040

338,000

9.500%, 

2/15/2029

a

354,625

KeyBank

NA/Cleveland,

OH

221,000

3.900%, 

4/13/2029

203,815

300,000

5.000%, 

1/26/2033

284,025

Kilroy

Realty,

LP

255,000

4.250%, 

8/15/2029

236,703

114,000

6.250%, 

1/15/2036

112,319

Kite

Realty

Group,

LP

81,000

5.500%, 

3/1/2034

81,320

Kite

Realty

Group,

LP,

Convertible

7,000

0.750%, 

4/1/2027

a

7,444

Ladder

Capital

Finance

Holdings,

LLLP/Ladder

Capital

Finance

Corporation

170,000

4.250%, 

2/1/2027

a

164,501

450,000

4.750%, 

6/15/2029

a

427,692

Liberty

Mutual

Group,

Inc.

93,000

4.125%, 

12/15/2051

a,c

87,047

Lincoln

National

Corporation

135,000

7.948%, 

(TSFR3M

+

2.619%),

8/19/2024

c

109,300

Lloyds

Banking

Group

plc

806,000

1.627%, 

5/11/2027

c

758,679

M&T

Bank

Corporation

298,000

3.500%, 

9/1/2026

c,h

256,895

Macquarie

Airfinance

Holdings,

Ltd.

569,000

6.400%, 

3/26/2029

a

583,964

82,000

6.500%, 

3/26/2031

a

85,099

Macquarie

Group,

Ltd.

293,000

1.629%, 

9/23/2027

a,c

272,324

Manufacturers

&

Traders

Trust

Company

313,000

4.700%, 

1/27/2028

308,029

Marsh

&

McLennan

Companies,

Inc.

151,000

2.375%, 

12/15/2031

128,544

MetLife,

Inc.

300,000

3.850%, 

9/15/2025

c,h

290,809

135,000

5.875%, 

3/15/2028

c,e,h

134,376

176,000

6.400%, 

12/15/2036

179,534

Metropolitan

Life

Global

Funding

I

285,000

2.950%, 

4/9/2030

a

258,892

Mid-America

Apartments,

LP

295,000

4.200%, 

6/15/2028

289,043

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

Mitsubishi

UFJ

Financial

Group,

Inc.

$

290,000

1.538%, 

7/20/2027

c

$

271,791

Mizuho

Financial

Group,

Inc.

425,000

1.554%, 

7/9/2027

c

398,081

288,000

2.564%, 

9/13/2031

239,911

158,000

5.748%, 

7/6/2034

c

164,537

Molina

Healthcare,

Inc.

332,000

4.375%, 

6/15/2028

a

316,052

Morgan

Stanley

291,000

1.164%, 

10/21/2025

c

288,041

95,000

5.000%, 

11/24/2025

94,903

100,000

2.630%, 

2/18/2026

c

98,492

294,000

2.188%, 

4/28/2026

c

287,084

251,000

0.985%, 

12/10/2026

c

236,754

294,000

1.593%, 

5/4/2027

c

276,953

290,000

1.512%, 

7/20/2027

c

271,233

102,000

5.123%, 

2/1/2029

c

102,958

1,041,000

3.622%, 

4/1/2031

c

975,735

141,000

2.943%, 

1/21/2033

c

122,047

146,000

4.889%, 

7/20/2033

c

143,740

155,000

5.250%, 

4/21/2034

c

155,721

181,000

5.424%, 

7/21/2034

c

183,721

129,000

5.831%, 

4/19/2035

c

134,779

284,000

2.484%, 

9/16/2036

c

230,301

MPT

Operating

Partnership,

LP/

MPT

Finance

Corporation

376,000

5.250%, 

8/1/2026

e

337,733

99,000

4.625%, 

8/1/2029

e

71,848

Nasdaq,

Inc.

167,000

5.350%, 

6/28/2028

171,148

Nationstar

Mortgage

Holdings,

Inc.

84,000

5.500%, 

8/15/2028

a

81,582

261,000

5.125%, 

12/15/2030

a

243,064

NatWest

Group

plc

147,000

4.892%, 

5/18/2029

c

146,000

220,000

3.754%, 

11/1/2029

c

218,766

425,000

6.475%, 

6/1/2034

c

440,635

Navient

Corporation

100,000

5.000%, 

3/15/2027

96,684

Necessity

Retail

REIT,

Inc./

American

Finance

Operating

Partner,

LP

108,000

4.500%, 

9/30/2028

a

98,329

New

York

Life

Global

Funding

159,000

4.550%, 

1/28/2033

a

155,518

168,000

5.000%, 

1/9/2034

a

169,275

Nippon

Life

Insurance

Company

500,000

5.950%, 

4/16/2054

a,c

506,863

415,000

5.100%, 

10/16/2044

a,c

413,787

NNN

REIT,

Inc.

147,000

2.500%, 

4/15/2030

129,023

Nomura

Holdings,

Inc.

218,000

2.172%, 

7/14/2028

195,913

269,000

5.783%, 

7/3/2034

276,520

Omega

Healthcare

Investors,

Inc.

150,000

4.750%, 

1/15/2028

147,494

147,000

3.375%, 

2/1/2031

129,596

OneMain

Finance

Corporation

639,000

3.500%, 

1/15/2027

603,868

811,000

3.875%, 

9/15/2028

740,864

Panther

Escrow

Issuer,

LLC

477,000

7.125%, 

6/1/2031

a

489,454

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

263

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

Park

Intermediate

Holdings,

LLC

$

468,000

4.875%, 

5/15/2029

a

$

442,216

Pebblebrook

Hotel

Trust,

Convertible

332,000

1.750%, 

12/15/2026

295,314

Pine

Street

Trust

III

113,000

6.223%, 

5/15/2054

a

116,146

PNC

Bank

NA

148,000

2.700%, 

10/22/2029

132,461

PNC

Financial

Services

Group,

Inc.

200,000

3.400%, 

9/15/2026

c,h

178,816

175,000

6.200%, 

9/15/2027

c,h

174,546

169,000

5.582%, 

6/12/2029

c

172,968

178,000

6.250%, 

3/15/2030

c,h

173,523

356,000

5.492%, 

5/14/2030

c

364,731

170,000

6.875%, 

10/20/2034

c

189,195

PRA

Group,

Inc.

84,000

7.375%, 

9/1/2025

a

83,929

259,000

8.375%, 

2/1/2028

a

262,222

Prologis

Targeted

US

Logistics

Fund,

LP

265,000

5.250%, 

4/1/2029

a

269,280

Prologis,

LP

192,000

5.250%, 

3/15/2054

185,641

Provident

Financing

Trust

I

78,000

7.405%, 

3/15/2038

83,252

Prudential

Financial,

Inc.

141,000

5.125%, 

3/1/2052

c

132,614

133,000

6.750%, 

3/1/2053

c

137,328

507,000

6.500%, 

3/15/2054

c

516,889

75,000

3.700%, 

10/1/2050

c

66,087

Public

Storage

Operating

Company

157,000

5.100%, 

8/1/2033

159,150

Realty

Income

Corporation

147,000

4.875%, 

6/1/2026

146,892

329,000

3.200%, 

1/15/2027

316,687

173,000

3.950%, 

8/15/2027

168,974

Redwood

Trust,

Inc.,

Convertible

17,000

7.750%, 

6/15/2027

16,702

Regency

Centers,

LP

243,000

5.250%, 

1/15/2034

243,615

Regions

Financial

Corporation

160,000

2.250%, 

5/18/2025

155,896

156,000

5.750%, 

6/15/2025

c,h

154,387

Reinsurance

Group

of

America,

Inc.

157,000

6.000%, 

9/15/2033

163,590

267,000

5.750%, 

9/15/2034

273,114

Rexford

Industrial

Realty,

LP,

Convertible

115,000

4.375%, 

3/15/2027

a

116,495

71,000

4.125%, 

3/15/2029

a

72,171

RGA

Global

Funding

188,000

5.500%, 

1/11/2031

a

192,337

RHP

Hotel

Properties,

LP/RHP

Finance

Corporation

83,000

4.750%, 

10/15/2027

80,578

168,000

4.500%, 

2/15/2029

a

159,160

RLJ

Lodging

Trust,

LP

153,000

4.000%, 

9/15/2029

a

136,529

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

Rocket

Mortgage,

LLC/Rocket

Mortgage

Co-Issuer,

Inc.

$

390,000

3.625%, 

3/1/2029

a

$

358,019

365,000

3.875%, 

3/1/2031

a

324,678

242,000

4.000%, 

10/15/2033

a

208,139

Ryan

Specialty,

LLC

88,000

4.375%, 

2/1/2030

a

82,839

Santander

Holdings

USA,

Inc.

137,000

2.490%, 

1/6/2028

c

127,684

Santander

UK

Group

Holdings

plc

286,000

1.673%, 

6/14/2027

c

267,802

Service

Properties

Trust

338,000

8.375%, 

6/15/2029

336,487

261,000

8.625%, 

11/15/2031

a

277,330

Simon

Property

Group,

LP

244,000

2.650%, 

7/15/2030

217,997

164,000

6.250%, 

1/15/2034

177,053

SLM

Corporation

170,000

4.200%, 

10/29/2025

166,893

Societe

Generale

SA

148,000

2.625%, 

10/16/2024

a

146,959

165,000

1.488%, 

12/14/2026

a,c

156,209

240,000

8.500%, 

3/25/2034

a,c,h

234,339

Standard

Chartered

plc

200,000

2.608%, 

1/12/2028

a,c

187,858

205,000

5.688%, 

5/14/2028

a,c

207,785

Starwood

Property

Trust,

Inc.,

Convertible

149,000

6.750%, 

7/15/2027

156,775

State

Street

Corporation

104,000

6.700%, 

3/15/2029

c,h

104,111

138,000

4.421%, 

5/13/2033

c

133,262

Sumitomo

Life

Insurance

Company

320,000

3.375%, 

4/15/2081

a,c

277,744

Sumitomo

Mitsui

Financial

Group,

Inc.

200,000

2.174%, 

1/14/2027

187,831

550,000

5.716%, 

9/14/2028

569,289

221,000

2.142%, 

9/23/2030

188,664

200,000

5.766%, 

1/13/2033

209,750

Summit

Hotel

Properties,

Inc.,

Convertible

129,000

1.500%, 

2/15/2026

118,809

Synchrony

Financial

141,000

4.250%, 

8/15/2024

140,905

151,000

5.935%, 

8/2/2030

c

151,931

173,000

7.250%, 

2/2/2033

176,937

Synovus

Bank

155,000

5.625%, 

2/15/2028

153,364

Toronto-Dominion

Bank

100,000

8.125%, 

10/31/2082

c

104,260

350,000

5.264%, 

12/11/2026

354,105

165,000

5.156%, 

1/10/2028

167,351

246,000

5.523%, 

7/17/2028

253,238

138,000

4.456%, 

6/8/2032

133,555

Truist

Bank

147,000

2.250%, 

3/11/2030

125,718

Truist

Financial

Corporation

330,000

6.047%, 

6/8/2027

c

335,470

121,000

1.887%, 

6/7/2029

c

108,273

345,000

5.100%, 

3/1/2030

c,h

322,230

234,000

5.711%, 

1/24/2035

c

239,247

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

264

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Financials

(11.9%)

-

continued

U.S.

Bancorp

$

205,000

5.727%, 

10/21/2026

c

$

206,449

218,000

4.548%, 

7/22/2028

c

215,833

82,000

5.836%, 

6/12/2034

c

85,124

224,000

5.678%, 

1/23/2035

c

230,082

UBS

Group

AG

122,000

2.593%, 

9/11/2025

a,c

121,583

250,000

2.193%, 

6/5/2026

a,c

243,368

275,000

4.875%, 

2/12/2027

a,c,h

258,988

200,000

6.327%, 

12/22/2027

a,c

205,514

269,000

3.869%, 

1/12/2029

a,c

258,700

200,000

5.699%, 

2/8/2035

a,c

204,651

UDR,

Inc.

296,000

3.000%, 

8/15/2031

262,381

UniCredit

SPA

167,000

5.861%, 

6/19/2032

a,c

165,621

United

Wholesale

Mortgage,

LLC

454,000

5.500%, 

4/15/2029

a

437,730

UnitedHealth

Group,

Inc.

486,000

5.375%, 

4/15/2054

482,267

283,000

4.200%, 

5/15/2032

271,718

USB

Realty

Corporation

156,000

6.710%, 

(TSFR3M

+

1.409%),

1/15/2027

a,c,h

121,056

Ventas

Realty,

LP,

Convertible

166,000

3.750%, 

6/1/2026

179,944

Vornado

Realty,

LP

124,000

3.400%, 

6/1/2031

101,040

Wells

Fargo

&

Company

145,000

2.406%, 

10/30/2025

c

143,875

335,000

3.900%, 

3/15/2026

c,h

321,341

346,000

2.188%, 

4/30/2026

c

337,819

138,000

3.526%, 

3/24/2028

c

133,182

294,000

3.584%, 

5/22/2028

c

283,590

218,000

4.808%, 

7/25/2028

c

217,436

187,000

7.625%, 

9/15/2028

c,e,h

198,907

649,000

4.478%, 

4/4/2031

c

634,255

108,000

5.389%, 

4/24/2034

c

109,256

157,000

5.557%, 

7/25/2034

c

160,516

166,000

6.491%, 

10/23/2034

c

180,872

636,000

5.499%, 

1/23/2035

c

648,314

Welltower

OP,

LLC,

Convertible

253,000

2.750%, 

5/15/2028

a

310,026

Westpac

Banking

Corporation

221,000

4.110%, 

7/24/2034

c

208,620

Willis

North

America,

Inc.

164,000

5.900%, 

3/5/2054

164,104

295,000

4.500%, 

9/15/2028

290,362

XHR,

LP

187,000

4.875%, 

6/1/2029

a

176,457

Total

94,214,385

Foreign

Government

(0.1%)

NBN

Company,

Ltd.

265,000

2.625%, 

5/5/2031

a

231,904

Saudi

Arabian

Oil

Company

250,000

5.750%, 

7/17/2054

a

245,150

Total

477,054

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Mortgage-Backed

Securities

(12.6%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

$

472,570

2.000%, 

1/1/2052

$

385,808

3,667,443

2.500%, 

5/1/2051

3,120,031

1,910,032

3.500%, 

5/1/2052

1,746,041

1,374,528

4.000%, 

5/1/2052

1,299,110

3,220,100

5.000%, 

7/1/2053

3,189,503

234,605

5.000%, 

8/1/2053

233,296

1,064,421

5.500%, 

9/1/2053

1,075,697

891,393

3.500%, 

9/1/2047

g

826,431

Federal

Home

Loan

Mortgage

Corporation

Gold

15-Yr.

Pass

Through

1,328,359

2.500%, 

7/1/2030

1,262,477

Federal

National

Mortgage

Association

Conventional

20-Yr.

Pass

Through

1,029,462

3.500%, 

5/1/2040

977,085

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

3,189,977

3.000%, 

1/1/2052

2,805,972

237,737

2.000%, 

2/1/2051

194,141

380,225

2.000%, 

2/1/2051

310,500

1,664,879

2.500%, 

2/1/2051

1,408,070

3,202,560

2.000%, 

3/1/2051

2,587,055

4,341,956

4.000%, 

3/1/2051

4,130,611

3,296,454

3.000%, 

3/1/2052

2,884,945

2,606,309

2.000%, 

4/1/2051

2,101,097

1,988,180

3.000%, 

4/1/2051

1,751,760

2,062,985

3.000%, 

5/1/2050

1,832,990

446,281

2.000%, 

5/1/2051

362,429

210,295

3.000%, 

6/1/2050

188,169

1,299,543

4.000%, 

6/1/2052

1,219,620

1,403,493

5.000%, 

6/1/2053

1,393,494

2,438,690

2.500%, 

7/1/2051

2,087,086

246,102

3.500%, 

7/1/2051

227,073

3,571,182

4.000%, 

7/1/2052

3,351,749

841,169

3.500%, 

8/1/2050

776,038

1,726,414

3.500%, 

8/1/2052

1,568,568

3,829,251

4.500%, 

8/1/2052

3,702,472

305,668

5.000%, 

8/1/2053

303,490

1,735,405

3.500%, 

9/1/2052

1,587,719

514,399

3.500%, 

9/1/2052

470,623

266,209

5.000%, 

9/1/2052

262,527

2,617,282

4.500%, 

9/1/2053

2,525,625

934,906

4.500%, 

9/1/2053

907,026

2,346,570

4.000%, 

10/1/2052

2,209,764

436,790

2.000%, 

11/1/2051

355,831

664,957

3.500%, 

11/1/2052

608,571

1,820,239

2.000%, 

12/1/2050

1,480,947

3,410,297

4.500%, 

12/1/2052

3,312,143

650,000

6.000%, 

8/1/2041

g

659,217

5,400,000

5.500%, 

8/1/2042

g

5,408,269

1,042,068

3.500%, 

12/1/2047

g

966,971

3,200,000

4.000%, 

8/1/2048

g

2,998,673

8,900,000

4.500%, 

8/1/2048

g

8,572,661

10,325,000

5.000%, 

8/1/2048

10,167,160

4,750,000

3.500%, 

8/1/2049

g

4,309,398

Federal

National

Mortgage

Association

Conventional

40-Yr.

Pass

Through

2,062,202

2.500%, 

3/1/2062

1,666,177

1,178,131

3.500%, 

7/1/2061

1,051,347

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

265

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Mortgage-Backed

Securities

(12.6%)

-

continued

$

1,202,721

4.000%, 

12/1/2061

$

1,113,527

Total

99,936,984

Technology

(3.0%)

Advanced

Micro

Devices,

Inc.

138,000

3.924%, 

6/1/2032

e

131,465

Akamai

Technologies,

Inc.,

Convertible

188,000

0.125%, 

5/1/2025

207,526

132,000

0.375%, 

9/1/2027

134,166

157,000

1.125%, 

2/15/2029

a

156,123

Analog

Devices,

Inc.

72,000

2.100%, 

10/1/2031

60,974

Apple,

Inc.

278,000

1.650%, 

2/8/2031

235,708

799,000

3.750%, 

9/12/2047

661,444

Block,

Inc.

579,000

6.500%, 

5/15/2032

a

588,381

Block,

Inc.,

Convertible

304,000

0.250%, 

11/1/2027

255,208

Boost

Newco

Borrower,

LLC

422,000

7.500%, 

1/15/2031

a

444,481

Broadcom

Corporation/Broadcom

Cayman

Finance,

Ltd.

221,000

3.875%, 

1/15/2027

216,646

Broadcom,

Inc.

137,000

4.000%, 

4/15/2029

a

132,677

Cisco

Systems,

Inc.

325,000

5.350%, 

2/26/2064

326,015

Clarivate

Science

Holdings

Corporation

183,000

3.875%, 

7/1/2028

a

171,651

Cloud

Software

Group,

Inc.

886,000

6.500%, 

3/31/2029

a

863,626

Consensus

Cloud

Solutions,

Inc.

85,000

6.000%, 

10/15/2026

a

83,283

CoreLogic,

Inc.

102,000

4.500%, 

5/1/2028

a

94,090

CSG

Systems

International,

Inc.,

Convertible

205,000

3.875%, 

9/15/2028

a

198,133

Dell

International,

LLC/EMC

Corporation

99,000

5.300%, 

10/1/2029

101,237

Dell,

Inc.

231,000

6.500%, 

4/15/2038

247,136

Dye

&

Durham,

Ltd.

256,000

8.625%, 

4/15/2029

a

261,953

Fiserv,

Inc.

341,000

5.350%, 

3/15/2031

350,010

80,000

5.600%, 

3/2/2033

82,792

341,000

5.450%, 

3/15/2034

348,711

Gen

Digital,

Inc.

14,000

6.750%, 

9/30/2027

a

14,240

203,000

7.125%, 

9/30/2030

a,e

209,863

Global

Payments,

Inc.

192,000

5.950%, 

8/15/2052

189,273

64,000

2.650%, 

2/15/2025

63,020

213,000

4.950%, 

8/15/2027

213,450

147,000

3.200%, 

8/15/2029

134,708

Global

Payments,

Inc.,

Convertible

310,000

1.500%, 

3/1/2031

a

292,950

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Technology

(3.0%)

-

continued

IBM

International

Capital

Private,

Ltd.

$

250,000

5.300%, 

2/5/2054

$

240,579

II-VI,

Inc.

154,000

5.000%, 

12/15/2029

a

146,900

Intel

Corporation

344,000

5.600%, 

2/21/2054

341,895

308,000

5.125%, 

2/10/2030

315,562

InterDigital,

Inc.,

Convertible

218,000

3.500%, 

6/1/2027

354,527

Iron

Mountain,

Inc.

102,000

4.875%, 

9/15/2027

a

99,598

605,000

5.000%, 

7/15/2028

a

586,484

440,000

4.875%, 

9/15/2029

a

420,399

568,000

4.500%, 

2/15/2031

a

522,064

Jabil,

Inc.

155,000

5.450%, 

2/1/2029

157,549

Marvell

Technology,

Inc.

147,000

2.950%, 

4/15/2031

129,482

Mastercard,

Inc.

137,000

2.000%, 

11/18/2031

115,550

160,000

4.875%, 

5/9/2034

162,146

Microchip

Technology,

Inc.

117,000

5.050%, 

3/15/2029

118,302

Microchip

Technology,

Inc.,

Convertible

400,000

0.125%, 

11/15/2024

416,000

107,000

0.750%, 

6/1/2030

a

107,342

Micron

Technology,

Inc.

179,000

5.300%, 

1/15/2031

182,178

MKS

Instruments,

Inc.,

Convertible

437,000

1.250%, 

6/1/2030

a

460,380

Moody's

Corporation

141,000

4.250%, 

8/8/2032

135,657

NCR

Atleos

Corporation

136,000

9.500%, 

4/1/2029

a

148,569

NCR

Voyix

Corporation

251,000

5.000%, 

10/1/2028

a

240,014

509,000

5.125%, 

4/15/2029

a

486,288

Neptune

Bidco

US,

Inc.

346,000

9.290%, 

4/15/2029

a

338,862

Newfold

Digital

Holdings

Group,

Inc.

102,000

11.750%, 

10/15/2028

a

103,070

NXP

BV/NXP

Funding,

LLC/NXP

USA,

Inc.

70,000

2.700%, 

5/1/2025

68,591

147,000

4.300%, 

6/18/2029

143,695

ON

Semiconductor

Corporation,

Convertible

239,000

Zero

Coupon, 

5/1/2027

371,135

108,000

0.500%, 

3/1/2029

111,344

Open

Text

Corporation

285,000

3.875%, 

12/1/2029

a

258,704

Open

Text

Holdings,

Inc.

570,000

4.125%, 

2/15/2030

a

519,894

Oracle

Corporation

556,000

6.900%, 

11/9/2052

637,929

141,000

6.150%, 

11/9/2029

150,142

494,000

2.950%, 

4/1/2030

448,696

208,000

6.250%, 

11/9/2032

224,533

PayPal

Holdings,

Inc.

322,000

5.500%, 

6/1/2054

321,117

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

266

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Technology

(3.0%)

-

continued

Pitney

Bowes,

Inc.

$

85,000

6.875%, 

3/15/2027

a,e

$

84,067

Progress

Software

Corporation,

Convertible

89,000

1.000%, 

4/15/2026

97,273

47,000

3.500%, 

3/1/2030

a

49,930

PTC,

Inc.

305,000

4.000%, 

2/15/2028

a

288,872

RingCentral,

Inc.

317,000

8.500%, 

8/15/2030

a

333,059

Rocket

Software,

Inc.

205,000

9.000%, 

11/28/2028

a

210,997

S&P

Global,

Inc.

138,000

2.900%, 

3/1/2032

121,915

Salesforce.com,

Inc.

421,000

1.950%, 

7/15/2031

354,192

Seagate

HDD

Cayman

372,170

9.625%, 

12/1/2032

426,198

Semtech

Corporation,

Convertible

31,000

4.000%, 

11/1/2028

a

53,269

Sensata

Technologies

BV

184,000

4.000%, 

4/15/2029

a

170,509

Sensata

Technologies,

Inc.

96,000

3.750%, 

2/15/2031

a

84,791

Shift4

Payments,

LLC/Shift4

Payments

Finance

Sub,

Inc.

140,000

4.625%, 

11/1/2026

a

136,632

SK

Hynix,

Inc.

300,000

5.500%, 

1/16/2027

a,e

302,336

SS&C

Technologies,

Inc.

485,000

5.500%, 

9/30/2027

a

480,436

Texas

Instruments,

Inc.

167,000

5.150%, 

2/8/2054

165,368

UKG,

Inc.

338,000

6.875%, 

2/1/2031

a

347,408

Verint

Systems,

Inc.,

Convertible

203,000

0.250%, 

4/15/2026

190,048

Verisk

Analytics,

Inc.

449,000

5.250%, 

6/5/2034

453,260

Viavi

Solutions,

Inc.

375,000

3.750%, 

10/1/2029

a

325,213

Viavi

Solutions,

Inc.,

Convertible

38,000

1.625%, 

3/15/2026

36,764

Vishay

Intertechnology,

Inc.,

Convertible

363,000

2.250%, 

9/15/2030

a

360,459

VMware,

LLC

291,000

1.400%, 

8/15/2026

271,417

189,000

2.200%, 

8/15/2031

157,853

Western

Digital

Corporation,

Convertible

309,000

3.000%, 

11/15/2028

a

450,321

Xerox

Holdings

Corporation

41,000

5.000%, 

8/15/2025

a

40,289

666,000

5.500%, 

8/15/2028

a

565,046

Xerox

Holdings

Corporation,

Convertible

188,000

3.750%, 

3/15/2030

a

146,101

Xilinx,

Inc.

80,000

2.375%, 

6/1/2030

70,903

Total

23,831,043

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Transportation

(0.9%)

Air

Canada

$

332,000

3.875%, 

8/15/2026

a

$

319,330

Air

Transport

Services

Group,

Inc.,

Convertible

191,000

3.875%, 

8/15/2029

a

169,554

American

Airlines

Group,

Inc.

116,000

3.750%, 

3/1/2025

a

114,107

American

Airlines,

Inc./

AAdvantage

Loyalty

IP,

Ltd.

793,333

5.500%, 

4/20/2026

a

788,021

166,340

5.750%, 

4/20/2029

a

162,548

Avis

Budget

Car

Rental,

LLC/Avis

Budget

Finance,

Inc.

203,000

5.375%, 

3/1/2029

a,e

185,802

Burlington

Northern

Santa

Fe,

LLC

161,000

5.500%, 

3/15/2055

165,288

Canadian

Pacific

Railway

Company

300,000

1.750%, 

12/2/2026

280,565

Delta

Air

Lines,

Inc.

276,000

4.375%, 

4/19/2028

266,896

Delta

Air

Lines,

Inc./SkyMiles

IP,

Ltd.

138,596

4.500%, 

10/20/2025

a

137,916

ERAC

USA

Finance,

LLC

194,000

3.850%, 

11/15/2024

a

193,088

334,000

5.200%, 

10/30/2034

a

339,012

Hawaiian

Brand

Intellectual

Property,

Ltd./HawaiianMiles

Loyalty,

Ltd.

151,800

11.000%, 

4/15/2029

a

144,741

Mileage

Plus

Holdings,

LLC

238,200

6.500%, 

6/20/2027

a

240,317

Norfolk

Southern

Corporation

232,000

4.450%, 

3/1/2033

225,004

Penske

Truck

Leasing

Company,

LP/PTL

Finance

Corporation

135,000

1.200%, 

11/15/2025

a

128,439

195,000

5.750%, 

5/24/2026

a

196,951

148,000

1.700%, 

6/15/2026

a

138,835

Rand

Parent,

LLC

351,000

8.500%, 

2/15/2030

a,e

347,092

RXO,

Inc.

401,000

7.500%, 

11/15/2027

a

412,028

Ryder

System,

Inc.

124,000

2.850%, 

3/1/2027

118,137

Southwest

Airlines

Company

147,000

5.125%, 

6/15/2027

147,642

Southwest

Airlines

Company,

Convertible

274,000

1.250%, 

5/1/2025

271,123

Stena

International

SA

270,000

7.250%, 

1/15/2031

a

276,201

United

Airlines,

Inc.

371,000

4.375%, 

4/15/2026

a

361,720

165,000

4.625%, 

4/15/2029

a

155,931

VistaJet

Malta

Finance

plc/Vista

Management

Holding,

Inc.

103,000

7.875%, 

5/1/2027

a

93,234

355,000

6.375%, 

2/1/2030

a,e

282,784

Total

6,662,306

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

267

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

U.S.

Government

&

Agencies

(3.8%)

U.S.

Treasury

Bonds

$

1,600,000

4.750%, 

11/15/2053

$

1,707,750

4,800,000

3.375%, 

8/15/2042

4,186,125

U.S.

Treasury

Notes

3,500,000

4.250%, 

12/31/2025

3,487,012

5,600,000

4.625%, 

6/30/2026

5,632,594

5,300,000

4.125%, 

7/31/2028

5,327,535

1,700,000

4.125%, 

11/15/2032

1,713,015

6,383,000

3.375%, 

5/15/2033

6,071,330

1,800,000

4.500%, 

11/15/2033

1,861,875

Total

29,987,236

Utilities

(3.1%)

AEP

Texas,

Inc.

140,000

4.700%, 

5/15/2032

135,793

AES

Corporation

140,000

7.600%, 

1/15/2055

c

142,461

239,000

3.950%, 

7/15/2030

a

221,993

Algonquin

Power

&

Utilities

Corporation

160,000

4.750%, 

1/18/2082

c

146,263

Alliant

Energy

Corporation,

Convertible

114,000

3.875%, 

3/15/2026

e

115,083

Ameren

Corporation

148,000

1.750%, 

3/15/2028

133,231

American

Electric

Power

Company,

Inc.

192,000

6.950%, 

12/15/2054

c

194,218

172,000

5.200%, 

1/15/2029

174,257

147,000

2.300%, 

3/1/2030

128,122

78,000

5.625%, 

3/1/2033

80,004

American

Water

Capital

Corporation

256,000

5.450%, 

3/1/2054

253,993

American

Water

Capital

Corporation,

Convertible

184,000

3.625%, 

6/15/2026

185,380

Arizona

Public

Service

Company

162,000

5.550%, 

8/1/2033

165,021

Atmos

Energy

Corporation

170,000

5.900%, 

11/15/2033

181,389

Calpine

Corporation

379,000

4.500%, 

2/15/2028

a

363,062

CenterPoint

Energy,

Inc.

127,000

2.500%, 

9/1/2024

126,605

182,000

1.450%, 

6/1/2026

170,791

220,000

2.650%, 

6/1/2031

189,354

CenterPoint

Energy,

Inc.,

Convertible

192,000

4.250%, 

8/15/2026

a

190,464

CMS

Energy

Corporation,

Convertible

146,000

3.375%, 

5/1/2028

148,774

Consolidated

Edison

Company

of

New

York,

Inc.

482,000

5.700%, 

5/15/2054

494,577

Constellation

Energy

Generation,

LLC

244,000

5.750%, 

3/15/2054

243,018

153,000

5.800%, 

3/1/2033

159,141

Dominion

Energy,

Inc.

223,000

6.875%, 

2/1/2055

c

231,489

223,000

7.000%, 

6/1/2054

c

234,194

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Utilities

(3.1%)

-

continued

$

126,000

3.071%, 

8/15/2024

$

125,865

160,000

4.350%, 

1/15/2027

c,h

151,836

148,000

3.375%, 

4/1/2030

136,419

DTE

Energy

Company

211,000

4.220%, 

11/1/2024

209,997

163,000

4.875%, 

6/1/2028

163,042

Duke

Energy

Carolinas,

LLC

480,000

5.400%, 

1/15/2054

475,232

Duke

Energy

Corporation

200,000

3.250%, 

1/15/2082

c

181,333

272,000

5.800%, 

6/15/2054

272,119

82,000

4.875%, 

9/16/2024

c,h

81,446

328,000

2.450%, 

6/1/2030

289,218

142,000

4.500%, 

8/15/2032

136,251

158,000

5.750%, 

9/15/2033

164,416

Duke

Energy

Corporation,

Convertible

328,000

4.125%, 

4/15/2026

337,184

Duke

Energy

Ohio,

Inc.

164,000

5.550%, 

3/15/2054

164,315

Edison

International

104,000

7.875%, 

6/15/2054

c

108,857

183,000

4.950%, 

4/15/2025

182,165

450,000

5.000%, 

12/15/2026

c,e,h

432,474

352,000

5.450%, 

6/15/2029

358,211

Enel

Finance

International

NV

286,000

1.375%, 

7/12/2026

a

267,917

340,000

5.125%, 

6/26/2029

a

341,596

Entergy

Corporation

136,000

0.900%, 

9/15/2025

130,000

148,000

1.900%, 

6/15/2028

132,988

Evergy,

Inc.

127,000

2.450%, 

9/15/2024

126,469

Evergy,

Inc.,

Convertible

235,000

4.500%, 

12/15/2027

a

247,220

Eversource

Energy

299,000

4.600%, 

7/1/2027

296,636

Exelon

Corporation

663,000

5.600%, 

3/15/2053

657,393

147,000

4.050%, 

4/15/2030

141,478

Fells

Point

Funding

Trust

269,000

3.046%, 

1/31/2027

a

256,348

FirstEnergy

Corporation,

Convertible

291,000

4.000%, 

5/1/2026

295,947

Georgia

Power

Company

87,000

4.950%, 

5/17/2033

87,010

ITC

Holdings

Corporation

142,000

4.950%, 

9/22/2027

a

142,564

Jersey

Central

Power

&

Light

Company

288,000

2.750%, 

3/1/2032

a

244,762

MidAmerican

Energy

Company

638,000

5.300%, 

2/1/2055

623,706

National

Rural

Utilities

Cooperative

Finance

Corporation

173,000

4.850%, 

2/7/2029

175,148

NextEra

Energy

Capital

Holdings,

Inc.

165,000

3.800%, 

3/15/2082

c

153,620

256,000

6.750%, 

6/15/2054

c

266,103

161,000

6.051%, 

3/1/2025

161,664

147,000

2.250%, 

6/1/2030

128,083

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

268

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Utilities

(3.1%)

-

continued

NextEra

Energy

Capital

Holdings,

Inc.,

Convertible

$

113,000

3.000%, 

3/1/2027

a

$

136,165

NextEra

Energy

Operating

Partners,

LP

600,000

3.875%, 

10/15/2026

a

575,793

NextEra

Energy

Partners,

LP,

Convertible

320,000

Zero

Coupon, 

11/15/2025

a,e

292,320

NiSource,

Inc.

140,000

6.950%, 

11/30/2054

c

141,971

148,000

2.950%, 

9/1/2029

135,808

Northern

States

Power

Company/

MN

166,000

5.400%, 

3/15/2054

165,301

NRG

Energy,

Inc.

137,000

2.000%, 

12/2/2025

a

130,916

135,000

10.250%, 

3/15/2028

a,c,h

149,593

141,000

3.375%, 

2/15/2029

a

126,901

210,000

5.250%, 

6/15/2029

a

204,196

NRG

Energy,

Inc.,

Convertible

110,000

2.750%, 

6/1/2048

203,751

Oncor

Electric

Delivery

Company,

LLC

291,000

5.550%, 

6/15/2054

a

294,450

Pacific

Gas

and

Electric

Company

164,000

6.750%, 

1/15/2053

175,900

341,000

5.550%, 

5/15/2029

348,304

323,000

6.950%, 

3/15/2034

356,330

PG&E

Corporation

459,000

5.000%, 

7/1/2028

447,712

PG&E

Corporation,

Convertible

469,000

4.250%, 

12/1/2027

a

483,774

PNM

Resources,

Inc.,

Convertible

75,000

5.750%, 

6/1/2054

*

79,575

PPL

Capital

Funding,

Inc.,

Convertible

184,000

2.875%, 

3/15/2028

182,896

Public

Service

Enterprise

Group,

Inc.

173,000

5.875%, 

10/15/2028

179,863

147,000

1.600%, 

8/15/2030

122,311

San

Diego

Gas

&

Electric

Company

164,000

5.550%, 

4/15/2054

165,617

Sempra

156,000

4.875%, 

10/15/2025

c,h

152,814

Southern

California

Edison

Company

326,000

5.450%, 

6/1/2031

336,598

72,000

5.950%, 

11/1/2032

76,221

Southern

Company

141,000

4.475%, 

8/1/2024

141,000

425,000

5.700%, 

10/15/2032

444,541

135,000

4.000%, 

1/15/2051

c

131,123

306,000

3.750%, 

9/15/2051

c

288,490

Southern

Company,

Convertible

385,000

3.875%, 

12/15/2025

407,138

55,000

4.500%, 

6/15/2027

a

57,558

Talen

Energy

Supply,

LLC

328,000

8.625%, 

6/1/2030

a

353,462

TerraForm

Power

Operating,

LLC

860,000

5.000%, 

1/31/2028

a

828,752

Principal

Amount

Long-Term

Fixed

Income

(79.2%)

Value

Utilities

(3.1%)

-

continued

Virginia

Electric

and

Power

Company

$

286,000

5.350%, 

1/15/2054

$

279,360

Vistra

Corporation

168,000

8.000%, 

10/15/2026

a,c,h

171,970

413,000

7.000%, 

12/15/2026

a,c,h

415,372

Vistra

Operations

Company,

LLC

280,000

5.125%, 

5/13/2025

a

278,594

1,050,000

5.000%, 

7/31/2027

a

1,028,098

WEC

Energy

Group,

Inc.,

Convertible

125,000

4.375%, 

6/1/2027

a

127,875

115,000

4.375%, 

6/1/2029

a

118,450

Xcel

Energy,

Inc.

154,000

4.000%, 

6/15/2028

149,465

210,000

4.600%, 

6/1/2032

202,343

Total

24,744,380

Total

Long-Term

Fixed

Income

(cost

$634,842,672)

628,118,290

Shares

Registered

Investment

Companies

(

14.8%

)

Value

U.S.

Affiliated  (8.5%)

8,329,469

Thrivent

Core

Emerging

Markets

Debt

Fund

67,385,402

Total

67,385,402

U.S.

Unaffiliated  (6.3%)

87,689

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

245,529

46,138

abrdn

Income

Credit

Strategies

Fund

301,281

28,468

AllianceBernstein

Global

High

Income

Fund,

Inc.

302,045

43,397

Allspring

Income

Opportunities

Fund

302,477

6,435

BlackRock

Core

Bond

Trust

72,136

25,421

BlackRock

Corporate

High

Yield

Fund,

Inc.

250,651

30,876

BlackRock

Credit

Allocation

Income

Trust

334,387

2,909

BlackRock

Debt

Strategies

Fund,

Inc.

31,999

5,578

BlackRock

Enhanced

Equity

Dividend

Trust

47,525

30,405

BlackRock

Enhanced

Global

Dividend

Trust

328,678

14,700

BlackRock

Enhanced

International

Dividend

Trust

82,026

1,100

BlackRock

Floating

Rate

Income

Strategies

Fund,

Inc.

14,916

6,299

BlackRock

Income

Trust,

Inc.

76,470

11,164

BlackRock

Multi-Sector

Income

Trust

165,116

23,990

Blackstone

Strategic

Credit

2027

Term

Fund

289,079

30,735

Eaton

Vance

Limited

Duration

Income

Fund

303,662

7,830

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

66,242

5,091

Invesco

Dynamic

Credit

Opportunities

Fund

i

53,107

65,000

Invesco

Preferred

ETF

754,000

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

269

Shares

Registered

Investment

Companies

(14.8%)

Value

U.S.

Unaffiliated  (6.3%)-

continued

511,747

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

$

18,883,464

59,489

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

e

6,517,615

60,882

iShares

Preferred

and

Income

Securities

ETF

e

1,930,568

55,689

Nuveen

Credit

Strategies

Income

Fund

319,098

18,105

Nuveen

Preferred

Income

Opportunities

Fund

139,046

26,184

PGIM

Global

High

Yield

Fund,

Inc.

324,682

26,958

PGIM

High

Yield

Bond

Fund,

Inc.

364,742

7,513

Pimco

Dynamic

Income

Fund

142,672

40,413

SPDR

Bloomberg

High

Yield

Bond

ETF

e

3,873,182

2,113

Tri-Continental

Corporation

67,362

143,968

Vanguard

Intermediate-Term

Corporate

Bond

ETF

e

11,760,746

14,125

Vanguard

Short-Term

Corporate

Bond

ETF

1,104,999

10,000

Virtus

Convertible

&

Income

Fund

34,400

18,338

Virtus

Dividend,

Interest

&

Premium

Strategy

Fund

233,076

2,180

Virtus

Equity

&

Convertible

Income

Fund

49,159

45,505

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

255,738

70,004

Western

Asset

High

Income

Opportunity

Fund,

Inc.

275,116

Total

50,296,991

Total

Registered

Investment

Companies

(cost

$126,725,897)

117,682,393

Shares

Collateral

Held

for

Securities

Loaned

(

2.9%

)

Value

23,026,087

Thrivent

Cash

Management

Trust

23,026,087

Total

Collateral

Held

for

Securities

Loaned

(cost

$23,026,087)

23,026,087

Shares

Preferred

Stock

(

0.9%

)

Value

Basic

Materials

(0.1%)

7,148

Albemarle

Corporation,

Convertible,

7.250%

319,658

Total

319,658

Communications

Services

(0.1%)

23,300

AT&T,

Inc.,

4.750%

h

463,437

12,500

Telephone

and

Data

Systems,

Inc.,

6.000%

h

215,750

Total

679,187

Financials

(0.6%)

5,825

AEGON

Funding

Company,

LLC,

5.100%

124,014

12,700

Allstate

Corporation,

5.100%

h

275,209

4,969

Apollo

Global

Management,

Inc.,

Convertible,

6.750%

337,892

18,900

Bank

of

America

Corporation,

4.250%

h

352,107

392

Bank

of

America

Corporation,

Convertible,

7.250%

h

469,228

Shares

Preferred

Stock

(0.9%)

Value

Financials

(0.6%)

-

continued

14,275

Capital

One

Financial

Corporation,

5.000%

h

$

278,791

2,150

Citizens

Financial

Group,

Inc.,

7.375%

h,k

54,954

5,775

Equitable

Holdings,

Inc.,

5.250%

h

126,703

14,500

J.P.

Morgan

Chase

&

Company,

4.200%

e,h

285,070

12,500

J.P.

Morgan

Chase

&

Company,

4.750%

h

272,750

10,650

KeyCorp,

6.200%

c,h

244,205

8,650

Morgan

Stanley,

4.250%

h

161,409

5,500

Morgan

Stanley,

5.850%

c,h

134,200

13,100

Morgan

Stanley,

7.125%

c,h

332,216

11,475

Public

Storage,

4.125%

h

210,337

2,450

Public

Storage,

4.625%

h

49,686

625

Public

Storage,

4.700%

h

12,906

2,650

Regions

Financial

Corporation,

5.700%

c,e,h

61,268

1,400

Synovus

Financial

Corporation,

8.417%

c,h

35,420

8,600

U.S.

Bancorp,

4.000%

h

150,844

15,500

Wells

Fargo

&

Company,

4.250%

h

287,835

10,000

Wells

Fargo

&

Company,

4.750%

h

204,000

453

Wells

Fargo

&

Company,

Convertible,

7.500%

h

544,846

Total

5,005,890

Utilities

(0.1%)

17,600

CMS

Energy

Corporation,

4.200%

h

330,176

7,141

NextEra

Energy,

Inc.,

Convertible,

6.926%

315,347

12,000

Southern

Company,

4.950%

261,120

Total

906,643

Total

Preferred

Stock

(cost

$7,891,671)

6,911,378

Shares

Common

Stock

(

<0.1%

)

Value

Consumer

Discretionary

(<0.1%)

19

Booking

Holdings,

Inc.

70,585

Total

70,585

Energy

(<0.1%)

1,047

Permian

Resources

Corporation

16,061

Total

16,061

Information

Technology

(<0.1%)

693

Semtech

Corporation

k

21,982

Total

21,982

Real

Estate

(<0.1%)

346

Kite

Realty

Group

Trust

8,533

Total

8,533

Total

Common

Stock

(cost

$79,693)

117,161

Shares

or

Principal

Amount

Short-Term

Investments

(

8.7%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

500,000

5.245%,

8/16/2024

l,m

498,832

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

270

Shares

or

Principal

Amount

Short-Term

Investments

(8.7%)

Value

Thrivent

Core

Short-Term

Reserve

Fund

6,849,973

5.600%

$

68,499,729

U.S.

Treasury

Bills

300,000

5.243%,

8/15/2024

l,n

299,386

Total

Short-Term

Investments

(cost

$69,282,940)

69,297,947

Total

Investments

(cost

$861,848,960)

106.5%

$845,153,256

Other

Assets

and

Liabilities,

Net

(6.5%)

(51,574,118)

Total

Net

Assets

100.0%

$793,579,138

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

July

31,

2024,

the

value

of

these

investments

was

$310,022,375

or

39.1%

of

total

net

assets.

b

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

July

31,

2024.

c

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

July

31,

2024.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

d

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

e

All

or

a

portion

of

the

security

is

on

loan.

f

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

g

Denotes

investments

purchased

on

a

when-issued

or

delayed-delivery

basis.

h

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

i

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

j

Defaulted

security.  Interest

is

not

being

accrued.

k

Non-income

producing

security.

l

The

interest

rate

shown

reflects

the

yield.

m

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

n

All

or

a

portion

of

the

security

is

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Opportunity

Income

Plus

Fund

as

of

July

31,

2024

was

$917,673

or

0.12%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

July

31,

2024.

Security

Acquisition

Date

Cost

Credit

Suisse

Group

AG 

5/17/2021

$

92,010

Credit

Suisse

Group

AG 

2/4/2016

175,749

PNM

Resources,

Inc.,

Convertible,

6/1/2054

6/28/2024

73,959

Pretium

Mortgage

Credit

Partners,

LLC,

6/27/2060

6/16/2021

854,443

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Opportunity

Income

Plus

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

10,571,127

Common

Stock

11,873,005

Total

lending

$22,444,132

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$23,026,087

Net

amounts

due

to

counterparty

$581,955

Definitions:

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

plc

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

SOFR30A

-

Secured

Overnight

Financing

Rate

30

Year

Average

TSFR1M

-

CME

Term

SOFR

1

Month

TSFR3M

-

CME

Term

SOFR

3

Month

USISOA05

-

USD

SOFR

Spread-Adjusted

ICE

Swap

Rate

5

Year

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

271

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Opportunity

Income

Plus

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

93,997,843

–

93,997,843

–

Basic

Materials

11,884,309

–

11,884,309

–

Capital

Goods

24,420,866

–

24,420,866

–

Collateralized

Mortgage

Obligations

70,894,718

–

70,894,718

–

Commercial

Mortgage-Backed

Securities

4,901,167

–

4,901,167

–

Communications

Services

29,638,047

–

29,638,047

–

Consumer

Cyclical

40,515,697

–

40,515,697

–

Consumer

Non-Cyclical

36,800,011

–

36,494,961

305,050

Energy

35,212,244

–

35,212,244

–

Financials

94,214,385

–

94,214,385

–

Foreign

Government

477,054

–

477,054

–

Mortgage-Backed

Securities

99,936,984

–

99,936,984

–

Technology

23,831,043

–

23,831,043

–

Transportation

6,662,306

–

6,662,306

–

U.S.

Government

&

Agencies

29,987,236

–

29,987,236

–

Utilities

24,744,380

–

24,744,380

–

Registered

Investment

Companies

U.S.

Unaffiliated

50,296,991

50,243,884

–

53,107

Preferred

Stock

Basic

Materials

319,658

319,658

–

–

Communications

Services

679,187

679,187

–

–

Financials

5,005,890

5,005,890

–

–

Utilities

906,643

906,643

–

–

Common

Stock

Consumer

Discretionary

70,585

70,585

–

–

Energy

16,061

16,061

–

–

Information

Technology

21,982

21,982

–

–

Real

Estate

8,533

8,533

–

–

Short-Term

Investments

798,218

–

798,218

–

Subtotal

Investments

in

Securities

$686,242,038

$57,272,423

$628,611,458

$358,157

Other

Investments  *

Total

U.S.

Affiliated

Registered

Investment

Cos.

67,385,402

Affiliated

Short-Term

Investments

68,499,729

Collateral

Held

for

Securities

Loaned

23,026,087

Subtotal

Other

Investments

$158,911,218

Total

Investments

at

Value

$845,153,256

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Opportunity

Income

Plus

Fund's

other

financial

instrument

assets

carried

at

fair

value.

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

638,912

638,912

–

–

Total

Asset

Derivatives

$638,912

$638,912

$–

$–

Liability

Derivatives

Credit

Default

Swaps

15,535

–

15,535

–

Total

Liability

Derivatives

$15,535

$–

$15,535

$–

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

272

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

The

following

table

presents

Opportunity

Income

Plus

Fund's

futures

contracts

held

as

of

July

31,

2024.

Investments

and/or

cash

totaling

$498,832

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

347

September

2024

$

70,692,127

$

570,288

CBOT

5-Yr.

U.S.

Treasury

Note

48

September

2024

5,110,126

68,624

Total

Futures

Long

Contracts

$

75,802,253

$

638,912

Total

Futures

Contracts

$

75,802,253

$638,912

The

following

table

presents

Opportunity

Income

Plus

Fund's

swaps

contracts

held

as

of

July

31,

2024.

Investments

totaling

$299,386

were

pledged

as

collateral

under

the

agreement

between

the

counterparty,

the

custodian

and

the

fund

for

open

swap

contracts.

Credit

Default

Swaps

Buy/Sell

Protection

1

Termination

Date

Notional

Principal

Amount

2

Upfront

Payments/

(Receipts)

Value

3

Unrealized

Gain/(Loss)

CDX

HY

42,

5

Year,

at

5.00%,

Quarterly

Buy

6/20/2029

$

5,500,000

$

–

(

$

15,535)

(

$

15,535)

Total

Credit

Default

Swaps

$–

($15,535)

($15,535)

1

As

the

buyer

of

protection,

Opportunity

Income

Plus

Fund

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

As

the

seller

of

protection,

Opportunity

Income

Plus

Fund

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

2

The

maximum

potential

amount

of

future

payments

Opportunity

Income

Plus

Fund

could

be

required

to

make

as

the

seller

or

receive

as

the

buyer

of

protection.

3

The

values

for

credit

indexes

(CDX

or

LCDX)

serve

as

an

indicator

of

the

current

status

of

the

payment/performance

risk

and

represent

the

liability

or

profit

for

the

credit

default

swap

contract

had

the

contract

been

closed

as

of

the

reporting

date.

When

protection

has

been

sold,

the

value

of

the

swap

will

increase

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

When

protection

has

been

purchased,

the

value

of

the

swap

will

increase

when

the

swap

spread

increases

representing

a

deterioration

in

the

reference

entity's

credit

worthiness.

The

value

of

the

swap

will

decrease

when

the

swap

spread

declines

representing

an

improvement

in

the

reference

entity's

credit

worthiness.

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

273

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Opportunity

Income

Plus

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$58,278

$2,882

$400

$67,385

8,329

8.5%

Total

U.S.

Affiliated

Registered

Investment

Companies

58,278

67,385

8.5

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

39,410

357,448

328,358

68,500

6,850

8.6

Total

Affiliated

Short-Term

Investments

39,410

68,500

8.6

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

13,199

247,721

237,894

23,026

23,026

2.9

Total

Collateral

Held

for

Securities

Loaned

13,199

23,026

2.9

Total

Value

$110,887

$158,911

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

U.S.

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

($75)

$6,700

$–

$2,883

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

4

(4)

–

2,539

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$5,422

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

92

Total

Affiliated

Income

from

Securities

Loaned,

Net

$92

Total

($71)

$6,696

$–

Small

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

274

Shares

Common

Stock

(

96.9%

)

Value

Communications

Services

(2.4%)

133,555

Cargurus,

Inc.

a

$

3,314,835

128,254

QuinStreet,

Inc.

a

2,398,350

Total

5,713,185

Consumer

Discretionary

(13.1%)

28,609

Boot

Barn

Holdings,

Inc.

a

3,818,729

14,939

Grand

Canyon

Education,

Inc.

a

2,329,737

6,942

Group

1

Automotive,

Inc.

2,538,828

10,989

Installed

Building

Products,

Inc.

2,970,876

25,690

Modine

Manufacturing

Company

a

3,022,686

20,171

Patrick

Industries,

Inc.

2,583,098

26,364

SharkNinja,

Inc.

2,026,074

41,534

Skyline

Champion

Corporation

a

3,385,436

125,188

Stoneridge,

Inc.

a

2,104,410

23,857

Texas

Roadhouse,

Inc.

4,165,671

160,253

ThredUp,

Inc.

a

336,531

25,129

Wyndham

Hotels

&

Resorts,

Inc.

1,902,768

Total

31,184,844

Consumer

Staples

(4.6%)

23,953

e.l.f.

Beauty,

Inc.

a

4,133,809

26,310

J

&

J

Snack

Foods

Corporation

4,438,497

12,423

Lancaster

Colony

Corporation

2,398,384

Total

10,970,690

Energy

(2.6%)

7,780

Gulfport

Energy

Corporation

a

1,145,294

32,106

Matador

Resources

Company

1,973,877

100,240

TechnipFMC

plc

2,957,080

Total

6,076,251

Financials

(8.1%)

48,556

Glacier

Bancorp,

Inc.

2,170,939

21,105

Hamilton

Lane,

Inc.

3,046,929

19,888

Houlihan

Lokey,

Inc.

2,988,172

6,813

Kinsale

Capital

Group,

Inc.

3,114,018

21,095

RLI

Corporation

3,176,696

51,378

Triumph

Financial,

Inc.

a

4,661,526

Total

19,158,280

Health

Care

(18.3%)

2,958

Argenx

SE

ADR

a

1,525,943

6,469

Ascendis

Pharma

AS

ADR

a

863,612

3,800

Chemed

Corporation

2,166,608

29,586

Encompass

Health

Corporation

2,749,723

65,330

Globus

Medical,

Inc.

a

4,701,147

25,690

Haemonetics

Corporation

a

2,313,385

32,995

Halozyme

Therapeutics,

Inc.

a

1,823,304

35,305

HealthEquity,

Inc.

a

2,770,736

19,052

Immunocore

Holdings

plc

ADR

a

756,364

9,880

Inspire

Medical

Systems,

Inc.

a

1,393,574

20,372

Natera,

Inc.

a

2,085,889

120,190

Option

Care

Health,

Inc.

a

3,568,441

174,159

Paragon

28,

Inc.

a

1,356,699

16,191

Penumbra,

Inc.

a

2,705,354

23,742

Repligen

Corporation

a

3,973,224

178,614

scPharmaceuticals,

Inc.

a

898,428

120,046

Stevanato

Group

SPA

2,482,551

38,409

Twist

Bioscience

Corporation

a

2,143,606

63,583

Vericel

Corporation

a

3,212,213

Total

43,490,801

Industrials

(20.1%)

24,423

AAR

Corporation

a

1,577,726

Shares

Common

Stock

(96.9%)

Value

Industrials

(20.1%)

-

continued

98,901

Badger

Infrastructure

Solutions,

Ltd.

$

2,793,712

27,712

Beacon

Roofing

Supply,

Inc.

a

2,848,794

24,185

BWX

Technologies,

Inc.

2,406,166

31,819

Casella

Waste

Systems,

Inc.

a

3,295,176

45,614

CECO

Environmental

Corporation

a

1,331,929

130,939

ExlService

Holdings,

Inc.

a

4,616,909

56,604

Flowserve

Corporation

2,861,332

50,966

Fluor

Corporation

a

2,451,465

51,651

Helios

Technologies,

Inc.

2,373,363

204,997

Janus

International

Group,

Inc.

a

2,956,057

31,630

Korn

Ferry

2,331,764

9,614

Landstar

System,

Inc.

1,829,063

115,042

Masterbrand,

Inc.

a

2,076,508

6,454

Saia,

Inc.

a

2,696,804

46,160

Schneider

National,

Inc.

1,242,166

16,571

Simpson

Manufacturing

Company,

Inc.

3,183,123

22,420

Timken

Company

1,949,419

49,342

WNS

Holdings,

Ltd.

a

2,939,796

Total

47,761,272

Information

Technology

(22.3%)

29,069

Agilysys,

Inc.

a

3,258,344

26,272

ASGN,

Inc.

a

2,487,170

9,573

CyberArk

Software,

Ltd.

a

2,454,326

39,854

Descartes

Systems

Group,

Inc.

a

4,051,159

18,924

Fabrinet

a

4,173,877

35,780

Gitlab,

Inc.

a

1,833,009

35,569

Guidewire

Software,

Inc.

a

5,337,840

68,966

JFrog,

Ltd.

a

2,659,329

65,509

Lattice

Semiconductor

Corporation

a

3,471,977

13,888

Littelfuse,

Inc.

3,709,624

11,329

Nova,

Ltd.,

Class

S

a

2,339,099

18,933

Onto

Innovation,

Inc.

a

3,621,883

57,832

PDF

Solutions,

Inc.

a

2,029,325

21,052

Silicon

Laboratories,

Inc.

a

2,528,977

104,200

TTM

Technologies,

Inc.

a

2,019,396

76,834

Varonis

Systems,

Inc.

a

4,235,858

37,336

Workiva,

Inc.

a

2,754,277

Total

52,965,470

Materials

(2.8%)

16,961

Louisiana-Pacific

Corporation

1,664,892

166,377

Ranpak

Holdings

Corporation

a

1,201,242

58,876

Summit

Materials,

Inc.

a

2,459,839

80,708

Tronox

Holdings

plc

1,304,241

Total

6,630,214

Real

Estate

(2.6%)

30,480

Agree

Realty

Corporation

2,102,206

56,929

National

Storage

Affiliates

Trust

2,423,467

23,039

Terreno

Realty

Corporation

1,576,098

Total

6,101,771

Total

Common

Stock

(cost

$184,183,321)

230,052,778

Small

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

275

Shares

Registered

Investment

Companies

(

1.0%

)

Value

U.S.

Unaffiliated  (1.0%)

24,452

SPDR

S&P

Biotech

ETF

$

2,422,215

Total

2,422,215

Total

Registered

Investment

Companies

(cost

$2,235,978)

2,422,215

Shares

Short-Term

Investments

(

1.9%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

438,850

5.600%

4,388,502

Total

Short-Term

Investments

(cost

$4,388,502)

4,388,502

Total

Investments

(cost

$190,807,801)

99.8%

$236,863,495

Other

Assets

and

Liabilities,

Net

0.2%

564,653

Total

Net

Assets

100.0%

$237,428,148

a

Non-income

producing

security.

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

plc

-

Public

Limited

Company

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Small

Cap

Growth

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

5,713,185

5,713,185

–

–

Consumer

Discretionary

31,184,844

31,184,844

–

–

Consumer

Staples

10,970,690

10,970,690

–

–

Energy

6,076,251

6,076,251

–

–

Financials

19,158,280

19,158,280

–

–

Health

Care

43,490,801

43,490,801

–

–

Industrials

47,761,272

44,967,560

2,793,712

–

Information

Technology

52,965,470

52,965,470

–

–

Materials

6,630,214

6,630,214

–

–

Real

Estate

6,101,771

6,101,771

–

–

Registered

Investment

Companies

U.S.

Unaffiliated

2,422,215

2,422,215

–

–

Subtotal

Investments

in

Securities

$232,474,993

$229,681,281

$2,793,712

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

4,388,502

Subtotal

Other

Investments

$4,388,502

Total

Investments

at

Value

$236,863,495

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Small

Cap

Growth

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

276

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Small

Cap

Growth

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$4,140

$65,817

$65,568

$4,389

439

1.9%

Total

Affiliated

Short-Term

Investments

4,140

4,389

1.9

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

5,793

5,793

–

–

–

Total

Collateral

Held

for

Securities

Loaned

–

–

–

Total

Value

$4,140

$4,389

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$195

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$195

Cash

Management

Trust-

Collateral

Investment  

–

–

–

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

$–

$–

$–

Small

Cap

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

277

Shares

Common

Stock

(

97.9%

)

Value

Communications

Services

(2.2%)

657,152

Cogent

Communications

Holdings

$

46,388,359

1,370,231

QuinStreet,

Inc.

a

25,623,320

Total

72,011,679

Consumer

Discretionary

(10.5%)

194,043

Boot

Barn

Holdings,

Inc.

a

25,900,860

340,696

Brunswick

Corporation

27,749,689

464,091

Columbia

Sportswear

Company

37,916,235

1,602,854

Cooper-Standard

Holdings,

Inc.

a

23,690,182

161,494

Grand

Canyon

Education,

Inc.

a

25,184,989

106,772

Meritage

Homes

Corporation

21,660,836

1,284,926

Savers

Value

Village,

Inc.

a

13,093,396

835,944

SharkNinja,

Inc.

64,242,296

298,333

Skyline

Champion

Corporation

a

24,317,123

1,502,432

Stoneridge,

Inc.

a

25,255,882

207,884

Texas

Roadhouse,

Inc.

36,298,625

311,676

Wyndham

Hotels

&

Resorts,

Inc.

23,600,107

Total

348,910,220

Consumer

Staples

(6.7%)

518,137

BJ's

Wholesale

Club

Holdings,

Inc.

a

45,575,330

144,718

J

&

J

Snack

Foods

Corporation

24,413,927

435,871

John

B.

Sanfilippo

&

Son,

Inc.

45,709,792

225,466

Lancaster

Colony

Corporation

43,528,466

787,132

Pilgrim's

Pride

Corporation

a

32,453,452

790,585

Turning

Point

Brands,

Inc.

29,820,866

Total

221,501,833

Energy

(3.5%)

338,324

Chesapeake

Energy

Corporation

25,824,271

401,084

Matador

Resources

Company

24,658,644

1,858,005

NOV,

Inc.

38,683,664

910,999

TechnipFMC

plc

26,874,471

Total

116,041,050

Financials

(14.4%)

1,332,503

Ally

Financial,

Inc.

59,975,960

765,860

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

29,363,072

1,791,471

Bridgewater

Bancshares,

Inc.

a

24,740,215

2,336,648

F.N.B.

Corporation

35,844,180

711,137

Glacier

Bancorp,

Inc.

31,794,935

285,440

Houlihan

Lokey,

Inc.

42,887,360

126,847

Kinsale

Capital

Group,

Inc.

57,977,958

503,150

Prosperity

Bancshares,

Inc.

36,488,438

393,569

RLI

Corporation

59,267,556

522,065

Triumph

Financial,

Inc.

a

47,366,958

176,059

Voya

Financial,

Inc.

12,804,771

452,819

Western

Alliance

Bancorp

36,433,817

Total

474,945,220

Health

Care

(9.4%)

59,390

Chemed

Corporation

33,861,802

348,015

Encompass

Health

Corporation

32,344,514

430,487

Haemonetics

Corporation

a

38,765,354

1,592,492

Option

Care

Health,

Inc.

a

47,281,088

168,802

Penumbra,

Inc.

a

28,205,126

674,508

Progyny,

Inc.

a

19,021,126

247,777

Repligen

Corporation

a

41,465,481

1,339,628

Stevanato

Group

SPA

27,703,507

443,658

Twist

Bioscience

Corporation

a

24,760,553

2,236,995

Viemed

Healthcare,

Inc.

a

16,128,734

Total

309,537,285

Shares

Common

Stock

(97.9%)

Value

Industrials

(24.1%)

1,254,721

Air

Lease

Corporation

$

62,259,256

1,936,966

Badger

Infrastructure

Solutions,

Ltd.

54,714,572

276,154

BWX

Technologies,

Inc.

27,474,561

712,026

Dayforce,

Inc.

a,b

42,208,901

936,598

ExlService

Holdings,

Inc.

a

33,024,446

929,475

Fluor

Corporation

a

44,707,748

718,095

Helios

Technologies,

Inc.

32,996,465

2,672,252

Janus

International

Group,

Inc.

a

38,533,874

834,249

Knight-Swift

Transportation

Holdings,

Inc.

45,408,173

359,310

Korn

Ferry

26,488,333

173,083

Landstar

System,

Inc.

32,929,041

2,165,064

Masterbrand,

Inc.

a

39,079,405

508,616

Maximus,

Inc.

47,245,340

351,347

Miller

Industries,

Inc.

23,870,515

202,826

Moog,

Inc.

39,774,179

653,725

Robert

Half,

Inc.

41,962,608

1,381,408

Schneider

National,

Inc.

37,173,689

84,822

Simpson

Manufacturing

Company,

Inc.

16,293,458

435,909

Tennant

Company

46,943,040

346,241

Timken

Company

30,105,655

574,951

WNS

Holdings,

Ltd.

a

34,255,581

Total

797,448,840

Information

Technology

(13.5%)

283,880

ASGN,

Inc.

a

26,874,920

444,730

Ciena

Corporation

a

23,455,060

834,937

Cohu,

Inc.

a

26,709,635

188,387

Fabrinet

a

41,550,637

194,293

FormFactor,

Inc.

a

10,406,333

152,621

Gilat

Satellite

Networks,

Ltd.

a

694,426

391,488

Guidewire

Software,

Inc.

a

58,750,604

98,993

Insight

Enterprises,

Inc.

a

22,223,928

650,282

JFrog,

Ltd.

a

25,074,874

114,236

Littelfuse,

Inc.

30,513,578

129,547

Onto

Innovation,

Inc.

a

24,782,341

438,324

Plexus

Corporation

a

56,179,987

2,922,488

TTM

Technologies,

Inc.

a

56,637,817

84,007

Universal

Display

Corporation

18,701,638

459,529

Varonis

Systems,

Inc.

a

25,333,834

Total

447,889,612

Materials

(6.5%)

680,947

Alcoa

Corporation

22,498,489

361,231

Greif,

Inc.

24,086,883

705,825

Ingevity

Corporation

a

32,390,309

2,454,131

Ivanhoe

Mines,

Ltd.

a

32,084,210

2,174,180

Tronox

Holdings

plc

35,134,749

412,423

United

States

Lime

&

Minerals,

Inc.

35,076,576

392,061

West

Fraser

Timber

Company,

Ltd.

34,771,890

Total

216,043,106

Real

Estate

(5.4%)

544,938

Agree

Realty

Corporation

37,584,374

3,084,068

Cushman

and

Wakefield

plc

a

40,432,131

1,373,131

National

Storage

Affiliates

Trust

58,454,187

631,690

Terreno

Realty

Corporation

43,213,913

Total

179,684,605

Utilities

(1.7%)

230,275

Northwestern

Energy

Group,

Inc.

12,381,887

476,396

Portland

General

Electric

Company

22,571,642

Small

Cap

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

278

Definitions:

plc

-

Public

Limited

Company

Shares

Common

Stock

(97.9%)

Value

Utilities

(1.7%)

-

continued

316,581

Spire,

Inc.

$

21,081,129

Total

56,034,658

Total

Common

Stock

(cost

$2,608,328,252)

3,240,048,108

Shares

Collateral

Held

for

Securities

Loaned

(

0.3%

)

Value

10,791,000

Thrivent

Cash

Management

Trust

10,791,000

Total

Collateral

Held

for

Securities

Loaned

(cost

$10,791,000)

10,791,000

Shares

Short-Term

Investments

(

1.9%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

6,308,704

5.600%

63,087,040

Total

Short-Term

Investments

(cost

$63,087,039)

63,087,040

Total

Investments

(cost

$2,682,206,291)

100.1%

$3,313,926,148

Other

Assets

and

Liabilities,

Net

(0.1%)

(3,016,863)

Total

Net

Assets

100.0%

$3,310,909,285

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Small

Cap

Stock

Fund

as

of

July

31,

2024:

Securities

Lending

Transactions

Common

Stock

$

11,630,736

Total

lending

$11,630,736

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$10,791,000

Net

amounts

due

to

counterparty

$(839,736)

Small

Cap

Stock

Fund

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

279

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

July

31,

2024,

in

valuing

Small

Cap

Stock

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

72,011,679

72,011,679

–

–

Consumer

Discretionary

348,910,220

348,910,220

–

–

Consumer

Staples

221,501,833

221,501,833

–

–

Energy

116,041,050

116,041,050

–

–

Financials

474,945,220

474,945,220

–

–

Health

Care

309,537,285

309,537,285

–

–

Industrials

797,448,840

742,734,268

54,714,572

–

Information

Technology

447,889,612

447,889,612

–

–

Materials

216,043,106

183,958,896

32,084,210

–

Real

Estate

179,684,605

179,684,605

–

–

Utilities

56,034,658

56,034,658

–

–

Subtotal

Investments

in

Securities

$3,240,048,108

$3,153,249,326

$86,798,782

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

63,087,040

Collateral

Held

for

Securities

Loaned

10,791,000

Subtotal

Other

Investments

$73,878,040

Total

Investments

at

Value

$3,313,926,148

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

the

table

above

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Small

Cap

Stock

Fund,

is

as

follows:

Fund

Value

10/31/2023

Gross

Purchases

Gross

Sales

Value

7/31/2024

Shares

Held

at

7/31/2024

%

of

Net

Assets

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$19,490

$869,092

$825,495

$63,087

6,309

1.9%

Total

Affiliated

Short-Term

Investments

19,490

63,087

1.9

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

18,906

354,857

362,972

10,791

10,791

0.3

Total

Collateral

Held

for

Securities

Loaned

18,906

10,791

0.3

Total

Value

$38,396

$73,878

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2023

-

7/31/2024

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

5.600%

$–

$–

$–

$2,425

Total

Income/Non

Cash

Income

from

Affiliated

Investments

$2,425

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

–

100

Total

Affiliated

Income

from

Securities

Loaned,

Net

$100

Total

$–

$–

$–

Notes

to

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

280

SIGNIFICANT

ACCOUNTING

POLICIES

Valuation

of

Investments 

—

The

Funds

record

their

investments

at

fair

value

using

market

quotations

when

they

are

readily

available

pursuant

to

Rule

2a-5. 

The

Funds'

investments

are

recorded

at

fair

value

determined

in

good

faith

when

market

quotations

are

not

readily

available. 

Securities

traded

on

U.S.

or

foreign

securities

exchanges

or

included

in

a

national

market

system

are

valued

at

the

last

sale

price

on

the

principal

exchange

as

of

the

close

of

regular

trading

on

such

exchange

or

the

official

closing

price

of

the

national

market

system.  Over-the-counter

securities

and

listed

securities

for

which

no

price

is

readily

available

are

valued

at

the

current

bid

price

considered

best

to

represent

the

value

at

that

time.

Security

prices

are

based

on

quotes

that

are

obtained

from

an

independent

pricing

service

approved

by

the

Trust’s

Board

of

Trustees

(the

“Board”).

The

pricing

service,

in

determining

values

of

fixed-income

securities,

takes

into

consideration

such

factors

as

current

quotations

by

broker/dealers,

coupon,

maturity,

quality,

type

of

issue,

trading

characteristics,

and

other

yield

and

risk

factors

it

deems

relevant

in

determining

valuations.

Securities

which

cannot

be

valued

by

the

approved

pricing

service

are

valued

using

valuations

obtained

from

dealers

that

make

markets

in

the

securities.

Exchange-listed

options and

futures

contracts

are

valued

at

the

primary

exchange

settle

price. 

Exchange

cleared

swap

agreements are

valued at the

clearinghouse

end

of

day

price. 

Swap

agreements

not

cleared

on

exchanges will

be

valued at

the

mid-price

from

the

primary

approved pricing

service. 

Forward

foreign

currency

exchange

contracts

are

marked-to-

market

based

upon

foreign

currency

exchange

rates

provided

by

the

pricing

service.

Investments

in

open-ended

mutual

funds

are

valued

at

the

net

asset

value

at

the

close

of

each

business

day.

Thrivent

Money

Market

seeks

to

maintain

a stable

net

asset

value

of

$1.00

per

share,

pursuant

to

procedures

established

by

the

Board,

and

generally

utilizes

the

amortized

cost

method. 

Valuing securities

held

by

Thrivent

Money

Market

on

the

basis

of

amortized

cost

(which

approximates

market

value)

involves

a constant

amortization

of

premium

or

accretion

of discount

to

maturity.

Thrivent

Money

Market

will

not

value

a

security

at

amortized

cost,

but

will

instead

make

a

fair

value

determination

of

each

security,

if

it

determines

that

amortized

cost

is

not

approximately

the

same

as

the

fair

value

of

the

security. 

The

Board

has

chosen

the

Funds'

investment

Adviser

as

the

valuation

designee,

responsible

for daily

valuation

of

the

Funds'

securities.

The

Adviser

has

formed

a

Valuation

Committee

(the

“Committee”)

that

is

responsible

for

overseeing

the

Funds'

valuation

policies

in

accordance

with

Valuation

Policies

and

Procedures.

The

Committee

meets

on

a

monthly

and

on

an

as-

needed

basis

to

review

price

challenges,

price

overrides,

stale

prices,

shadow

prices,

manual

prices,

money

market

pricing,

international

fair

valuation,

and

other

securities

requiring

fair

valuation. 

Certain

Funds

may

invest

in

Private

Equity Funds

("Private

Funds"),

which

are

fair

valued

by

the

Funds

pursuant

to

valuation

procedures

designed

by

the

Committee.  Private

Funds

are

typically

valued

at

an

amount

equal

to

the

Net

Asset

Value

(NAV)

of

a

fund's

investment

in

the Private

Fund

when

this

information

is

readily

available

to

the

fund. 

This

is

commonly

referred

to

as

using

the

NAV

as

a

practical

expedient,

which

allows

for

the

estimation

of

the

fair

value

of

an

investment

in

an investment

company

based

on

the

NAV

of

the

investment

company,

if

it

is

calculated

in

a

manner

consistent

with

ASC

946. 

The

Committee

has

determined

that

for

the

Private

Funds

held

by

the

Funds,

if

the

NAV

of

the

Private

Fund

is

not

readily

available

for

the

daily

pricing

needs

of

the

Funds,

the

Committee,

pursuant

to

the

valuation

procedures,

will

adjust

the

daily

value

of

the Private

Fund

via

a

model

utilizing

unobservable

inputs. 

The

Committee

monitors

for

significant

events

occurring

prior

to

the

close

of

trading

on

the

New

York

Stock

Exchange

that

could

have

a

material

impact

on

the

value

of

any

securities

that

are

held

by

the

Funds.

Examples

of

such

events

include

trading

halts,

national

news/events,

and

issuer-specific

developments.

If

the

Committee

decides

that

such

events

warrant

using

fair

value

estimates,

the

Committee

will

take

such

events

into

consideration

in

determining

the

fair

value

of

such

securities.

If

market

quotations

or

prices

are

not

readily

available

or

determined

to

be

unreliable,

the

securities

will

be

valued

at

fair

value

as

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

In

accordance

with

U.S.

Generally

Accepted

Accounting

Principles

("GAAP"),

the

various

inputs

used

to

determine

the

fair

value

of

the

Funds’

investments

are

summarized

in

three

broad

levels.  Level

1

includes

quoted

prices

in

active

markets

for

identical

securities,

typically

included

in

this

level

are

U.S.

equity

securities,

futures,

options

and

registered

investment

company

funds.  Level

2

includes

other

significant

observable

inputs

such

as

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds

and

credit

risk,

typically

included

in

this

level

are

fixed

income

securities,

international

securities,

swaps

and

forward

contracts.  Level

3

includes

significant

unobservable

inputs

such

as

the

Adviser’s

own

assumptions

and

broker

evaluations

in

determining

the

fair

value

of

investments.

The

valuation

levels

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

these

securities

or

other

investments. 

Investments

measured

using

net

asset

value

per

share

as

a

practical

expedient

for

fair

value

and

that

are

not

publicly

available

for

sale

are

not

categorized

within

the

fair

value

hierarchy.

Valuation

of

International

Securities

—

The

Funds

value

certain

foreign

securities

traded

on

foreign

exchanges

that

close

prior

to

the

close of

the

New

York

Stock

Exchange

using

a

fair

value

pricing

service. 

The

fair

value

pricing

service

uses

a

multi-factor

model

that

may

take

into

account

the

local

close,

relevant

general

and

sector

indices,

currency

fluctuation,

prices

of

other

securities

(including

ADRs,

New

York

registered

shares,

and

ETFs),

and

futures,

as

applicable,

to

determine

price

adjustments

for

each

Notes

to

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

281

security

in

order

to

reflect

the

effects

of

post-closing

events. 

The

Board

has

authorized

the

Adviser

to

make

fair

valuation

determinations

pursuant

to

policies

approved

by

the

Board.

Derivative

Financial

Instruments 

—

Each Fund,

with

the

exception

of the

Money

Market

Fund,

may

invest

in

derivatives, a

category

that

includes

options,

futures,

swaps,

foreign

currency

forward

contracts

and

hybrid

instruments. Derivatives are

financial

instruments

whose

value

is

derived

from

another

security,

an

index

or

a

currency.

Each applicable

Fund

may

use

derivatives

for

hedging

(attempting

to

offset

a

potential

loss

in

one

position

by

establishing

an

interest

in

an

opposite

position).

This

includes

the

use

of

currency-based

derivatives to

manage

the

risk

of its

positions

in

foreign

securities.

Each applicable

Fund

may

also

use

derivatives

for

replication

of

a

certain

asset

class

or

speculation

(investing

for

potential

income

or

capital

gain).

These

contracts

may

be

transacted

on

an

exchange

or

over-the-counter

("OTC").

A

derivative

may

incur

a loss

if

the

value

of

the

derivative

decreases

due

to

an

unfavorable

change

in

the

market

rates

or

values

of

the

underlying

derivative.

Losses

can

also

occur

if

the

counterparty

does

not

perform

under

the

derivative

contract.

A

Fund’s

risk

of

loss

from

the

counterparty

credit

risk

on

OTC

derivatives

is

generally

limited

to

the

aggregate

unrealized

gain

netted

against

any

collateral

held

by

such

Fund.

With

exchange

traded

futures

and

centrally

cleared

swaps,

there

is

minimal

counterparty

credit

risk

to

the

Funds

because

the

exchange’s

clearinghouse,

as

counterparty

to

such

derivatives,

guarantees

against

a

possible

default.

The

clearinghouse

stands

between

the

buyer

and

the

seller

of

the

derivative;

thus,

the

credit

risk

is

limited

to

the

failure

of

the

clearinghouse.

However,

credit

risk

still

exists

in

exchange

traded

futures

and

centrally

cleared

swaps

with

respect

to

initial

and

variation

margin

that

is

held

in

a

broker’s

customer

accounts.

While

brokers

are

required

to

segregate

customer

margin

from

their

own

assets,

in

the

event

that

a

broker

becomes

insolvent

or

goes

into

bankruptcy

and

at

that

time

there

is

a

shortfall

in

the

aggregate

amount

of

margin

held

by

the

broker

for

all

its

clients,

U.S.

bankruptcy

laws

will

typically

allocate

that

shortfall

on

a

pro-rata

basis

across

all

of

the

broker’s

customers,

potentially

resulting

in

losses to

the

Funds.

Using

derivatives

to

hedge

can

guard

against

potential

risks,

but

it

also

adds

to

the

Funds'

expenses

and

can

eliminate

some

opportunities

for

gains.

In

addition,

a

derivative

used

for mitigating

exposure or

replication

may

not

accurately

track

the

value

of

the

underlying

asset.

Another

risk

with

derivatives

is

that

some

types

can

amplify

a

gain

or

loss,

potentially

earning

or

losing

substantially

more

money

than

the

actual

cost

of

the

derivative.

 In

order

to

define

their

contractual

rights

and

to

secure

rights

that

will

help

the

Funds

mitigate

their

counterparty

risk,

the

Funds

may

enter

into

an

International

Swaps

and

Derivatives

Association,

Inc.

Master

Agreement

(“ISDA

Master

Agreement”)

or

similar

agreement

with derivative

contract

counterparties.

An

ISDA

Master

Agreement

is

a

bilateral

agreement

between

a

Fund

and

a

counterparty

that

governs

OTC

derivatives

and

foreign

exchange

contracts

and

typically

includes,

among

other

things,

collateral

posting

terms

and

netting

provisions

in

the

event

of

a

default

and/or

termination

event.

Under

an

ISDA

Master

Agreement,

each

Fund

may,

under

certain

circumstances,

offset

with

the

counterparty

certain

derivatives'

payables

and/or

receivables

with

collateral

held

and/or

posted

and

create

one

single

net

payment.

The

provisions

of

the

ISDA

Master

Agreement

typically

permit

a

single

net

payment

in

the

event

of

a

default

(close-out

netting)

including

the

bankruptcy

or

insolvency

of

the

counterparty.

Note,

however,

that

bankruptcy

and

insolvency

laws

of

a

particular

jurisdiction

may

impose

restrictions

on

or

prohibitions

against

the

right

of

offset

in

bankruptcy,

insolvency

or

other

events.

Collateral

and

margin

requirements

vary

by

type

of

derivative.

Margin

requirements

are

established

by

the

broker

or

clearinghouse

for

exchange

traded

and

centrally

cleared

derivatives

(futures,

options,

and

centrally

cleared

swaps).

Brokers

can

ask

for

margining

in

excess

of

the

minimum requirements in

certain

situations.

Collateral

terms

are

contract

specific

for

OTC

derivatives

(foreign

currency

exchange

contracts,

options

and

swaps).

For

derivatives

traded

under

an

ISDA

Master

Agreement,

the

collateral

requirements

are

typically

calculated

by

netting

the

mark

to

market

amount

for

each

transaction

under

such

agreement

and

comparing

that

amount

to

the

value

of

any

collateral

currently

pledged

by

the

Fund

and

the

counterparty.

For

financial

reporting

purposes,

non-cash

collateral

that

has

been

pledged

to

cover

obligations

of

the

Fund

has

been

noted

in

the

Schedule

of

Investments.

To

the

extent

amounts

due

to a

Fund

from

its

counterparties

are

not

fully

collateralized,

contractually

or

otherwise,

the

Fund

bears

the

risk

of

loss

from

counterparty

nonperformance.

The

Funds

attempt

to

mitigate

counterparty

risk

by

only

entering

into

agreements

with

counterparties

that

they

believe

have

the

financial

resources

to

honor

their

obligations

and

by

monitoring

the

financial

stability

of

those

counterparties.

Options 

—

All

Funds,

with

the

exception

of the

Money

Market

Fund, may

buy

put

and

call

options

and

write

put

and

covered

call

options.

The

Funds

intend

to

use

such

derivative

instruments

as

hedges

to

facilitate

buying

or

selling

securities

or

to

provide

protection

against

adverse

movements

in

security

prices

or

interest

rates.

The

Funds

may

also

enter

into

options

contracts

to

protect

against

adverse

foreign

exchange

rate

fluctuations.

Option

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded.

A

Fund

will

realize

a

gain

or

loss

upon

expiration

or

closing

of

the

option

transaction.

When

an

option

is

exercised,

the

proceeds

upon

sale

for

a

written

call

option

or

the

cost

of

a

security

for

purchased

put

and

call

options

is

adjusted

by

the

amount

of

premium

received

or

paid.

Buying

put

options

tends

to

decrease

a

Fund’s

exposure

to

the

underlying

security

while

buying

call

options

tends

to

increase

a

Fund’s

exposure

to

the

underlying

security.

The

risk

associated

with

purchasing

put

and

call

options

is

limited

to

the

premium

paid.

There

is

no

significant

counterparty

risk

on

exchange-traded

options

as

the

exchange

guarantees

the

contract

against

default.

Writing

put

options

tends

to

increase

a

Fund’s

exposure

to

the

underlying

security

while

writing

call

options

tends

to

decrease

a

Fund’s

exposure

to

the

underlying

security.

The

writer

of

an

option

has

no

control

over

whether

the

underlying

security

may

be

bought

Notes

to

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

282

or

sold,

and

therefore

bears

the

market

risk

of

an

unfavorable

change

in

the

price

of

the

underlying

security.

The

counterparty

risk

for

purchased

options

arises

when

a

Fund

has

purchased

an

option,

exercises

that

option,

and

the

counterparty

doesn’t

buy

from

the

Fund

or

sell

to

the

Fund

the

underlying

asset

as

required.

In

the

case

where

a

Fund

has

written

an

option,

the

Fund

doesn’t

have

counterparty

risk.

Counterparty

risk

on

purchased

over-

the-counter

options

is

partially

mitigated

by

the

Fund’s

collateral

posting

requirements.

As

the

option

increases

in

value

to

the

Fund,

the

Fund

receives

collateral

from

the

counterparty.

Risks

of

loss

may

exceed

amounts

recognized

on

the

Statement

of

Assets

and

Liabilities.

During

the period

ended

July

31,

2024,

none

of

the

Funds

invested

in

options.

Futures

Contracts 

—

All

Funds,

with

the

exception

of

the

Money

Market

Fund, may

use

futures

contracts

to

manage

the

exposure

to

interest

rate

and

market

or

currency

fluctuations.

Gains

or

losses

on

futures

contracts

can

offset

changes

in

the

yield

of

securities.

When

a

futures

contract

is

opened,

cash

or

other

investments

equal

to

the

required

“initial

margin

deposit”

are

held

on

deposit

with

and

pledged

to

the

broker.

Additional

securities

held

by

the

Funds

may

be

earmarked

to

cover

open

futures

contracts. A

futures

contract’s

daily

change

in

value

(“variation

margin”)

is

either

paid

to

or

received

from

the

broker,

and

is

recorded

as

an

unrealized

gain

or

loss.

When

the

contract

is

closed,

realized

gain

or

loss

is

recorded

equal

to

the

difference

between

the

value

of

the

contract

when

opened

and

the

value

of

the

contract

when

closed.

Futures

contracts

involve,

to

varying

degrees,

risk

of

loss

in

excess

of

the

variation

margin

disclosed

in

the

Statement

of

Assets

and

Liabilities.

Exchange-traded

futures

have

no

significant

counterparty

risk

as

the

exchange

guarantees

the

contracts

against

default.

During

the period

ended July

31,

2024, Aggressive

Allocation,

Balanced

Income

Plus,

Government

Bond,

High

Income

Municipal

Bond, Income, Moderate

Allocation,

Moderately

Aggressive

Allocation,

Moderately

Conservative

Allocation, Municipal

Bond,

and

Opportunity

Income

Plus

used

treasury

futures

to

manage

the

duration

and yield

curve

exposure

of

the

Fund

versus

the

benchmark.

During

the period

ended July

31,

2024,

Aggressive

Allocation,

Balanced

Income

Plus, Global

Stock,

International

Allocation,

Low

Volatility

Equity,

Moderate

Allocation,

Moderately

Aggressive

Allocation, and

Moderately

Conservative

Allocation used

equity

futures

to

manage

exposure

to

the

equities

markets.

During

the period

ended July

31,

2024,

Aggressive

Allocation,

Balanced

Income

Plus,

Moderate

Allocation,

Moderately

Aggressive

Allocation,

and

Moderately

Conservative

Allocation

used

foreign

exchange

futures

to

hedge

currency

risk. 

Swap

Agreements 

—

All

Funds,

with

the

exception

of

the

Money

Market

Fund, may enter

into

swap

transactions,

which

involve

swapping

one

or

more

investment

characteristics

of

a

security

or

a

basket

of

securities

with

another

party.

Such

transactions

include

market

risk,

risk

of

default

by

the

other

party

to

the

transaction,

risk

of

imperfect

correlation

and

manager

risk

and

may

involve

commissions

or

other

costs.

Swap

transactions

generally

do

not

involve

delivery

of

securities,

other

underlying

assets

or

principal.

Accordingly,

the

risk

of

loss

with

respect

to

swap

transactions

is

generally

limited

to

the

net

amount

of

payments

that

the

Fund

is

contractually

obligated

to

make,

or

in

the

case

of

the

counterparty

defaulting,

the

net

amount

of

payments

that

the

Fund

is

contractually

entitled

to

receive.

Risks

of

loss

may

exceed

amounts

recognized

on

the

Statement

of

Assets

and

Liabilities.

If

there

is

a

default

by

the

counterparty,

the

Fund

may

have

contractual

remedies

pursuant

to

the

agreements

related

to

the

transaction.

The

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded.

Swap

agreements

are

valued

at

the

clearinghouse

end

of

day

prices

as

furnished by

an

independent

pricing

service.

The

pricing

service

takes

into

account

such

factors

as

swap

curves,

default

probabilities,

recent

trades,

recovery

rates

and

other

factors

it

deems

relevant

in

determining

valuations.

Daily

fluctuations

in

the

value

of

the

centrally

cleared

credit

default

contracts

are

recorded

in

variation

margin

in

the

Statement

of

Assets

and

Liabilities

and

recorded

as

unrealized

gain

or

loss.

The

Fund

accrues

for

the

periodic

payment

and

amortizes

upfront

payments,

if

any,

on

swap

agreements

on

a

daily

basis

with

the

net

amount

recorded

as

realized

gains

or

losses

in

the

Statement

of

Operations.

Receipts

and

payments

received

or

made

as

a

result

of

a

credit

event

or

termination

of

the

contract

are

also

recognized

as

realized

gains

or

losses

in

the

Statement

of

Operations.

Collateral,

in

the

form

of

cash

or

securities,

may

be

required

to

be

held

with

the

Fund’s

custodian,

or

a

third

party,

in

connection

with

these

agreements.

Certain swap

agreements

are

over-the-counter. In

these

types

of

transactions,

the

Fund

is

exposed

to

counterparty

risk,

which

is

the

discounted

net

amount

of

payments

owed

to

the

Fund.

This

risk

is

partially

mitigated

by

the

Fund’s

collateral

posting

requirements.

As

the

swap

increases

in

value

to

the

Fund,

the

Fund

receives

collateral

from

the

counterparty.  Certain

interest

rate

and

credit

default

index

swaps

must

be

cleared

through

a

clearinghouse

or

central

counterparty.

Credit

Default

Swaps 

—

A

credit

default

swap

is

a

swap

agreement

between

two

parties

to

exchange

the

credit

risk

of

a

particular

issuer,

basket

of

securities

or

reference

entity.

In

a

credit

default

swap

transaction,

a

buyer

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

The

seller

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

A

Notes

to

Schedule

of

Investments

as

of

July

31,

2024

(unaudited)

283

buyer

of

a

credit

default

swap

is

said

to

buy

protection

whereas

a

seller

of

a

credit

default

swap

is

said

to

sell

protection.

The

Funds

may

be

either

the

protection

seller

or

the

protection

buyer.

Certain

Funds

enter

into

credit

default

derivative

contracts

directly

through

credit

default

swaps

("CDS")

or

through

credit

default

swap

indices

("CDX

Indices").

CDX

Indices

are

static

pools

of

equally

weighted

credit

default

swaps

referencing

corporate

bonds

and/or

loans

designed

to increase

or

decrease diversified

credit

exposure

to

these

asset

classes.

Funds

sell

default

protection

and

assume

long-risk

positions

in

individual

credits

or

indices.

Index

positions

are

entered

into

to

gain

exposure

to

the

corporate

bond

and/or

loan

markets

in

a

cost-efficient

and

diversified

structure.

In

the

event

that

a

position

defaults,

by

going

into

bankruptcy

and

failing

to

pay

interest

or

principal

on

borrowed

money,

within

any

given

CDX

Index

held,

the

maximum

potential

amount

of

future

payments

required

would

be

equal

to

the

pro-rata

share

of

that

position

within

the

index

based

on

the

notional

amount

of

the

index.

In

the

event

of

a

default

under

a

CDS

contract,

the

maximum

potential

amount

of

future

payments

would

be

the

notional

amount.

Funds

buy

default

protection

in

order

to

reduce

their

overall

credit

exposure

to

the

corporate

bond

and/or

loan

markets

in

a

cost-efficient

and

diversified

structure. 

If

a

default

event

as

specified

in

the

CDS

reference

entity

agreement

occurs,

the

Fund

has

the

option

to

receive

a

cash

payment

in

exchange

for

the

credit

loss

of

the

reference

entity

obligation

as

of

the

date

of

the

credit

event. 

A

realized

gain

or

loss

is

recorded

upon

a

default

event

or

the

maturity

or

termination

of

the

CDS

agreement. 

For

CDS,

the

default

events

could

be

bankruptcy

and

failing

to

pay

interest

or

principal

on

borrowed

money

or

a

restructuring.

A

restructuring

is

a

change

in

the

underlying

obligations

which

could

include

a

reduction

in

interest

or

principal,

maturity

extension and

subordination

to

other

obligations.

During

the

period

ended July

31,

2024,

Balanced

Income

Plus, High

Yield,

Income, and

Opportunity

Income

Plus

used

CDX

Indexes

(comprised

of

credit

default

swaps)

to

help

manage

credit

risk

exposures

within

the

Fund.

Total

Rate

of

Return

Swaps

—

A

total

rate

of

return

swap

is

a

swap

agreement

between

two

parties

to

exchange

the

total

return

of

a

particular

reference

asset.

A

total

return

swap

involves

commitments

to

pay

interest

in

exchange

for

a

market

linked

return

based

on

a

notional

amount.

To

the

extent

that

the

total

return

of

the

security,

group

of

securities,

or

index

underlying

the

transactions

exceeds

or

fall

short

of

the

offsetting

interest

obligation,

the

Funds

will

receive

a

payment

from

or

make

a

payment

to

the

counterparty.

The

Funds

may

take

a

"long"

or

"short"

position

with

respect

to

the

underlying

referenced

asset.

During

the

period

ended

July

31,

2024,

Aggressive

Allocation

and

Global

Stock

used

total

rate

of

return

swaps

to

achieve

exposure

to

asset

classes

where

liquid

futures

contracts

do

not

exist

or

where

pricing

of

the

swap

contract

is

more

attractive

than

the

futures

contract.

For

financial

reporting

purposes,

the

Funds

do

not

offset

derivative

assets

and

derivative

liabilities

that

are

subject

to

netting

arrangements

in

the

Statement

of

Assets

and

Liabilities.

Securities

Lending 

— The

Trust

has

entered

into

a

Securities

Lending

Agreement

(the

“Agreement”)

with

Goldman

Sachs

Bank

USA,

doing

business

as

Goldman

Sachs

Agency

Lending

("GSAL").

The

Agreement

authorizes

GSAL

to

lend

securities

to

authorized

borrowers

on

behalf

of

the

Funds.

Pursuant

to

the

Agreement, loaned

securities

are

typically

initially

collateralized equal

to

at

least

102%

of

the

market

value

of

U.S.

securities

and

105% of

the

market

value

of non-U.S.

securities.

Daily

market

fluctuations

could

cause

the

value

of

loaned

securities

to

be

more

or

less

than

the

value

of

the

collateral

received.

Any

additional

collateral

is

adjusted

and

settled

on

the

next

business

day.

The

Trust

has

the

ability

to

recall

the

loans

at

any

time

and

could

do

so

in

order

to

vote

proxies

or

sell

the

loaned

securities.

All

cash

collateral

received

is

invested

in

Thrivent Cash Management Trust.

The

Funds

receive

dividends

and

interest

that

would

have

been

earned

on

the

securities

loaned

while

simultaneously

seeking

to

earn

income

on

the

investment

of

cash

collateral.

Amounts

earned

on

investments

in

Thrivent Cash

Management Trust,

net

of

rebates,

fees

paid

to

GSAL

for

services

provided

and

any

other

securities

lending

expenses,

are

included

in

affiliated income

from

securities

loaned,

net on

the

Statement

of

Operations.

By

investing

any

cash

collateral

it

receives

in

these

transactions,

a

Fund

could

realize

additional

gains

or

losses.

If

the

borrower

fails

to

return

the

securities

or

the

invested

collateral

has

declined

in

value, a

Fund

could

lose

money. 

Generally,

in

the

event

of

borrower

default, a Fund

has

the

right

to

use

the

collateral

to

offset

any

losses

incurred.

However,

in

the

event a

Fund

is

delayed

or

prevented

from

exercising

its

right

to

dispose

of

the

collateral,

there

may

be

a

potential

loss.

Some

of

these

losses

may

be

indemnified

by

the

lending

agent.

 Additional

information

for

the

Funds’

policy

regarding

valuation

of

investments

and

other

significant

accounting

policies

can

be

obtained

by

referring

to

the

Funds’

most

recent

annual

or

semiannual

shareholder

report.