| Principal amount° | Value (US $) | ||
| Convertible Bonds — 2.88% | |||
| Brokerage — 0.12% | |||
| WisdomTree 144A 3.25% exercise price $11.82, maturity date 8/15/29 # | 47,000 | $ 48,763 | |
| 48,763 | |||
| Communications — 0.18% | |||
| Cable One 1.125% exercise price $2,275.83, maturity date 3/15/28 | 44,000 | 35,623 | |
| Liberty Broadband 144A 3.125% exercise price $529.07, maturity date 3/31/53 # | 38,000 | 37,886 | |
| 73,509 | |||
| Consumer Cyclical — 0.39% | |||
| Airbnb 4.399% exercise price $288.64, maturity date 3/15/26 ^ | 51,000 | 47,582 | |
| Cheesecake Factory 0.375% exercise price $73.03, maturity date 6/15/26 | 36,000 | 34,112 | |
| Ford Motor 0.00% exercise price $14.44, maturity date 3/15/26 ^ | 39,000 | 38,317 | |
| Uber Technologies 4.86% exercise price $80.84, maturity date 12/15/25 ^ | 32,000 | 35,360 | |
| 155,371 | |||
| Consumer Non-Cyclical — 0.84% | |||
| Chefs' Warehouse 1.875% exercise price $44.20, maturity date 12/1/24 | 28,000 | 29,028 | |
| Chegg 5.936% exercise price $107.55, maturity date 9/1/26 ^ | 34,000 | 25,925 | |
| Coherus Biosciences 1.50% exercise price $19.26, maturity date 4/15/26 | 21,000 | 16,485 | |
| CONMED 2.25% exercise price $145.33, maturity date 6/15/27 | 35,000 | 32,556 | |
| Dexcom 0.25% exercise price $150.11, maturity date 11/15/25 | 30,000 | 28,628 | |
| Integer Holdings 2.125% exercise price $87.20, maturity date 2/15/28 | 21,000 | 33,212 | |
| Integra LifeSciences Holdings 0.50% exercise price $73.67, maturity date 8/15/25 | 38,000 | 36,204 | |
| Ionis Pharmaceuticals 0.125% exercise price $83.28, maturity date 12/15/24 | 26,000 | 25,756 | |
| Principal amount° | Value (US $) | ||
| Convertible Bonds (continued) | |||
| Consumer Non-Cyclical (continued) | |||
| Jazz Investments I 2.00% exercise price $155.81, maturity date 6/15/26 | 25,000 | $ 25,006 | |
| Lantheus Holdings 2.625% exercise price $79.81, maturity date 12/15/27 | 21,000 | 32,671 | |
| Post Holdings 2.50% exercise price $106.10, maturity date 8/15/27 | 42,000 | 50,043 | |
| 335,514 | |||
| Electric — 0.35% | |||
| Duke Energy 4.125% exercise price $118.76, maturity date 4/15/26 | 34,000 | 36,159 | |
| FirstEnergy 4.00% exercise price $46.68, maturity date 5/1/26 | 31,000 | 32,597 | |
| Ormat Technologies 2.50% exercise price $90.27, maturity date 7/15/27 | 37,000 | 38,683 | |
| PG&E 144A 4.25% exercise price $23.18, maturity date 12/1/27 # | 32,000 | 34,696 | |
| 142,135 | |||
| Energy — 0.12% | |||
| Nabors Industries 1.75% exercise price $212.51, maturity date 6/15/29 | 62,000 | 48,544 | |
| 48,544 | |||
| Financial Services — 0.09% | |||
| Repay Holdings 144A 4.648% exercise price $33.60, maturity date 2/1/26 #, ^ | 40,000 | 37,160 | |
| 37,160 | |||
| Industrials — 0.01% | |||
| Danimer Scientific 144A 3.25% exercise price $10.79, maturity date 12/15/26 # | 25,000 | 2,522 | |
| 2,522 | |||
| Technology — 0.68% | |||
| Akamai Technologies 0.125% exercise price $95.10, maturity date 5/1/25 | 35,000 | 39,060 | |
| Block 0.125% exercise price $121.00, maturity date 3/1/25 | 59,000 | 57,894 | |
| Global Payments 144A 1.50% exercise price $156.96, maturity date 3/1/31 # | 56,000 | 53,760 | |
| InterDigital 3.50% exercise price $77.50, maturity date 6/1/27 | 23,000 | 42,701 | |
| Principal amount° | Value (US $) | ||
| Convertible Bonds (continued) | |||
| Technology (continued) | |||
| Microchip Technology 0.125% exercise price $90.93, maturity date 11/15/24 | 15,000 | $ 15,007 | |
| Semtech 1.625% exercise price $37.27, maturity date 11/1/27 | 36,000 | 51,084 | |
| Wolfspeed 0.25% exercise price $127.22, maturity date 2/15/28 | 29,000 | 11,542 | |
| 271,048 | |||
| Transportation — 0.10% | |||
| Greenbrier 2.875% exercise price $55.46, maturity date 4/15/28 | 37,000 | 40,728 | |
| 40,728 | |||
| Total Convertible Bonds (cost $1,150,072) | 1,155,294 | ||
| Corporate Bonds — 5.60% | |||
| Automotive — 0.21% | |||
| Allison Transmission 144A 5.875% 6/1/29 # | 15,000 | 15,105 | |
| Clarios Global 144A 8.50% 5/15/27 # | 8,000 | 8,041 | |
| Dana 4.50% 2/15/32 | 10,000 | 8,875 | |
| Garrett Motion Holdings 144A 7.75% 5/31/32 # | 15,000 | 15,363 | |
| Goodyear Tire & Rubber 5.25% 7/15/31 | 20,000 | 18,060 | |
| Phinia 144A 6.625% 10/15/32 # | 8,000 | 8,072 | |
| Wand NewCo 3 144A 7.625% 1/30/32 # | 10,000 | 10,542 | |
| 84,058 | |||
| Basic Industry — 0.29% | |||
| Cleveland-Cliffs 144A 7.00% 3/15/32 # | 20,000 | 20,245 | |
| CP Atlas Buyer 144A 7.00% 12/1/28 # | 15,000 | 13,903 | |
| FMG Resources August 2006 144A 5.875% 4/15/30 # | 20,000 | 20,276 | |
| NOVA Chemicals 144A 8.50% 11/15/28 # | 5,000 | 5,344 | |
| Novelis 144A 4.75% 1/30/30 # | 20,000 | 19,407 | |
| Olin 5.00% 2/1/30 | 15,000 | 14,665 | |
| Standard Building Solutions 144A 6.50% 8/15/32 # | 10,000 | 10,363 | |
| Standard Industries 144A 3.375% 1/15/31 # | 15,000 | 13,376 | |
| 117,579 | |||
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Capital Goods — 0.43% | |||
| Amentum Escrow 144A 7.25% 8/1/32 # | 5,000 | $ 5,223 | |
| Arcosa 144A 6.875% 8/15/32 # | 5,000 | 5,237 | |
| Bombardier | |||
| 144A 7.25% 7/1/31 # | 5,000 | 5,292 | |
| 144A 8.75% 11/15/30 # | 5,000 | 5,497 | |
| Clydesdale Acquisition Holdings 144A 8.75% 4/15/30 # | 10,000 | 10,164 | |
| Esab 144A 6.25% 4/15/29 # | 15,000 | 15,425 | |
| Manitowoc 144A 9.25% 10/1/31 # | 5,000 | 5,131 | |
| Mauser Packaging Solutions Holding | |||
| 144A 7.875% 4/15/27 # | 30,000 | 31,033 | |
| 144A 9.25% 4/15/27 # | 10,000 | 10,263 | |
| Sealed Air | |||
| 144A 5.00% 4/15/29 # | 30,000 | 29,576 | |
| 144A 6.50% 7/15/32 # | 5,000 | 5,169 | |
| Terex 144A 6.25% 10/15/32 # | 10,000 | 10,000 | |
| TransDigm 144A 6.625% 3/1/32 # | 35,000 | 36,491 | |
| 174,501 | |||
| Consumer Goods — 0.04% | |||
| Fiesta Purchaser | |||
| 144A 7.875% 3/1/31 # | 7,000 | 7,433 | |
| 144A 9.625% 9/15/32 # | 10,000 | 10,377 | |
| 17,810 | |||
| Consumer Non-Cyclical — 0.10% | |||
| Spectrum Brands 144A 3.375% 6/1/29 # | 39,000 | 40,569 | |
| 40,569 | |||
| Electric — 0.27% | |||
| Calpine | |||
| 144A 4.50% 2/15/28 # | 11,000 | 10,748 | |
| 144A 5.00% 2/1/31 # | 30,000 | 29,073 | |
| 144A 5.25% 6/1/26 # | 11,000 | 10,965 | |
| Lightning Power 144A 7.25% 8/15/32 # | 15,000 | 15,786 | |
| Vistra | |||
| 144A 7.00% 12/15/26 #, μ, ψ | 30,000 | 30,649 | |
| 144A 8.00% 10/15/26 #, μ, ψ | 10,000 | 10,484 | |
| 107,705 | |||
| Energy — 0.99% | |||
| Archrock Partners 144A 6.625% 9/1/32 # | 10,000 | 10,262 | |
| Ascent Resources Utica Holdings 144A 5.875% 6/30/29 # | 20,000 | 19,775 | |
| Civitas Resources 144A 8.625% 11/1/30 # | 15,000 | 15,905 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Energy (continued) | |||
| EQM Midstream Partners | |||
| 144A 4.75% 1/15/31 # | 33,000 | $ 31,976 | |
| 6.50% 7/15/48 | 10,000 | 10,348 | |
| Genesis Energy | |||
| 7.75% 2/1/28 | 10,000 | 10,133 | |
| 7.875% 5/15/32 | 5,000 | 5,095 | |
| Gulfport Energy Operating 144A 6.75% 9/1/29 # | 10,000 | 10,129 | |
| Hilcorp Energy I | |||
| 144A 6.00% 4/15/30 # | 20,000 | 19,512 | |
| 144A 6.25% 4/15/32 # | 10,000 | 9,742 | |
| Matador Resources 144A 6.25% 4/15/33 # | 10,000 | 9,857 | |
| Murphy Oil 6.00% 10/1/32 | 4,000 | 3,950 | |
| Nabors Industries | |||
| 144A 8.875% 8/15/31 # | 5,000 | 4,761 | |
| 144A 9.125% 1/31/30 # | 10,000 | 10,322 | |
| NGL Energy Operating 144A 8.375% 2/15/32 # | 15,000 | 15,470 | |
| Noble Finance II 144A 8.00% 4/15/30 # | 10,000 | 10,325 | |
| NuStar Logistics | |||
| 5.625% 4/28/27 | 25,000 | 25,133 | |
| 6.00% 6/1/26 | 10,000 | 10,067 | |
| SM Energy | |||
| 144A 6.75% 8/1/29 # | 5,000 | 5,025 | |
| 144A 7.00% 8/1/32 # | 7,000 | 7,032 | |
| Southwestern Energy 5.375% 3/15/30 | 30,000 | 29,929 | |
| Sunoco 144A 7.25% 5/1/32 # | 5,000 | 5,304 | |
| Transocean | |||
| 144A 8.00% 2/1/27 # | 16,000 | 16,003 | |
| 144A 8.50% 5/15/31 # | 10,000 | 9,943 | |
| USA Compression Partners | |||
| 6.875% 9/1/27 | 17,000 | 17,157 | |
| 144A 7.125% 3/15/29 # | 3,000 | 3,092 | |
| Venture Global LNG | |||
| 144A 7.00% 1/15/30 # | 10,000 | 10,224 | |
| 144A 8.375% 6/1/31 # | 15,000 | 15,849 | |
| Vital Energy 144A 7.875% 4/15/32 # | 15,000 | 14,542 | |
| Weatherford International 144A 8.625% 4/30/30 # | 30,000 | 31,282 | |
| 398,144 | |||
| Financial Services — 0.11% | |||
| Block 144A 6.50% 5/15/32 # | 10,000 | 10,426 | |
| Castlelake Aviation Finance DAC 144A 5.00% 4/15/27 # | 13,000 | 13,081 | |
| Focus Financial Partners 144A 6.75% 9/15/31 # | 10,000 | 10,102 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Financial Services (continued) | |||
| Fortress Transportation and Infrastructure Investors 144A 7.00% 6/15/32 # | 10,000 | $ 10,506 | |
| 44,115 | |||
| Healthcare — 0.40% | |||
| Avantor Funding 144A 3.875% 11/1/29 # | 15,000 | 14,205 | |
| CHS 144A 4.75% 2/15/31 # | 25,000 | 21,995 | |
| DaVita | |||
| 144A 3.75% 2/15/31 # | 10,000 | 9,028 | |
| 144A 4.625% 6/1/30 # | 10,000 | 9,540 | |
| Legacy LifePoint Health 144A 4.375% 2/15/27 # | 10,000 | 9,815 | |
| Medline Borrower | |||
| 144A 3.875% 4/1/29 # | 15,000 | 14,214 | |
| 144A 5.25% 10/1/29 # | 27,000 | 26,512 | |
| Surgery Center Holdings 144A 7.25% 4/15/32 # | 15,000 | 15,675 | |
| Tenet Healthcare | |||
| 4.375% 1/15/30 | 10,000 | 9,601 | |
| 6.125% 10/1/28 | 30,000 | 30,264 | |
| 160,849 | |||
| Insurance — 0.25% | |||
| HUB International | |||
| 144A 5.625% 12/1/29 # | 15,000 | 14,725 | |
| 144A 7.375% 1/31/32 # | 15,000 | 15,498 | |
| Jones Deslauriers Insurance Management | |||
| 144A 8.50% 3/15/30 # | 20,000 | 21,416 | |
| 144A 10.50% 12/15/30 # | 19,000 | 20,679 | |
| Panther Escrow Issuer 144A 7.125% 6/1/31 # | 15,000 | 15,745 | |
| USI 144A 7.50% 1/15/32 # | 10,000 | 10,372 | |
| 98,435 | |||
| Leisure — 0.49% | |||
| Boyd Gaming 144A 4.75% 6/15/31 # | 20,000 | 19,110 | |
| Caesars Entertainment | |||
| 144A 6.50% 2/15/32 # | 10,000 | 10,350 | |
| 144A 7.00% 2/15/30 # | 28,000 | 29,271 | |
| Carnival | |||
| 144A 5.75% 3/1/27 # | 15,000 | 15,201 | |
| 144A 6.00% 5/1/29 # | 30,000 | 30,415 | |
| Light & Wonder International 144A 7.25% 11/15/29 # | 10,000 | 10,354 | |
| Royal Caribbean Cruises 144A 5.50% 4/1/28 # | 40,000 | 40,532 | |
| Scientific Games Holdings 144A 6.625% 3/1/30 # | 25,000 | 24,827 | |
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Leisure (continued) | |||
| Six Flags Entertainment 144A 6.625% 5/1/32 # | 15,000 | $ 15,545 | |
| 195,605 | |||
| Media — 0.55% | |||
| Advantage Sales & Marketing 144A 6.50% 11/15/28 # | 5,000 | 4,751 | |
| AMC Networks 4.25% 2/15/29 | 20,000 | 14,483 | |
| CCO Holdings | |||
| 4.50% 5/1/32 | 55,000 | 47,599 | |
| 144A 5.375% 6/1/29 # | 25,000 | 24,112 | |
| CMG Media 144A 8.875% 12/15/27 # | 30,000 | 17,775 | |
| Cumulus Media New Holdings 144A 8.00% 7/1/29 # | 34,000 | 13,695 | |
| Directv Financing 144A 5.875% 8/15/27 # | 10,000 | 9,825 | |
| Gray Television 144A 5.375% 11/15/31 # | 35,000 | 21,916 | |
| McGraw-Hill Education 144A 7.375% 9/1/31 # | 7,000 | 7,269 | |
| Midcontinent Communications 144A 8.00% 8/15/32 # | 10,000 | 10,191 | |
| Sirius XM Radio 144A 4.00% 7/15/28 # | 30,000 | 28,326 | |
| Stagwell Global 144A 5.625% 8/15/29 # | 10,000 | 9,676 | |
| Univision Communications 144A 7.375% 6/30/30 # | 10,000 | 9,686 | |
| 219,304 | |||
| Real Estate — 0.11% | |||
| Iron Mountain 144A 5.25% 3/15/28 # | 45,000 | 44,857 | |
| 44,857 | |||
| Retail — 0.30% | |||
| Asbury Automotive Group | |||
| 144A 4.625% 11/15/29 # | 5,000 | 4,772 | |
| 4.75% 3/1/30 | 10,000 | 9,579 | |
| Bath & Body Works | |||
| 6.875% 11/1/35 | 30,000 | 31,294 | |
| 6.95% 3/1/33 | 9,000 | 9,124 | |
| Carvana | |||
| PIK 144A 13.00% 6/1/30 #, >> | 5,325 | 5,795 | |
| PIK 144A 14.00% 6/1/31 #, >> | 5,350 | 6,307 | |
| Murphy Oil USA 144A 3.75% 2/15/31 # | 50,000 | 45,110 | |
| Victra Holdings 144A 8.75% 9/15/29 # | 10,000 | 10,508 | |
| 122,489 | |||
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Services — 0.44% | |||
| Avis Budget Car Rental 144A 5.75% 7/15/27 # | 2,000 | $ 1,993 | |
| GFL Environmental 144A 6.75% 1/15/31 # | 10,000 | 10,501 | |
| Prime Security Services Borrower 144A 5.75% 4/15/26 # | 50,000 | 50,269 | |
| Resideo Funding 144A 6.50% 7/15/32 # | 8,000 | 8,222 | |
| S&S Holdings 144A 8.375% 10/1/31 # | 8,000 | 8,061 | |
| Staples 144A 10.75% 9/1/29 # | 10,000 | 9,716 | |
| United Rentals North America 3.875% 2/15/31 | 56,000 | 52,139 | |
| White Cap Buyer 144A 6.875% 10/15/28 # | 27,000 | 27,275 | |
| White Cap Parent 144A PIK 8.25% 3/15/26 #, > | 10,000 | 10,016 | |
| 178,192 | |||
| Technology — 0.10% | |||
| CSG Systems International 3.875% 9/15/28 | 39,000 | 39,058 | |
| 39,058 | |||
| Technology & Electronics — 0.31% | |||
| Cloud Software Group 144A 6.50% 3/31/29 # | 25,000 | 24,895 | |
| Entegris 144A 5.95% 6/15/30 # | 25,000 | 25,486 | |
| Seagate HDD Cayman | |||
| 5.75% 12/1/34 | 8,000 | 8,071 | |
| 8.25% 12/15/29 | 10,000 | 10,865 | |
| Sensata Technologies 144A 4.00% 4/15/29 # | 10,000 | 9,541 | |
| UKG 144A 6.875% 2/1/31 # | 40,000 | 41,361 | |
| Zebra Technologies 144A 6.50% 6/1/32 # | 3,000 | 3,135 | |
| 123,354 | |||
| Telecommunications — 0.17% | |||
| Consolidated Communications | |||
| 144A 5.00% 10/1/28 # | 10,000 | 9,213 | |
| 144A 6.50% 10/1/28 # | 20,000 | 18,934 | |
| Frontier Communications Holdings | |||
| 144A 6.00% 1/15/30 # | 25,000 | 24,980 | |
| 144A 6.75% 5/1/29 # | 15,000 | 15,117 | |
| 68,244 | |||
| Principal amount° | Value (US $) | ||
| Corporate Bonds (continued) | |||
| Transportation — 0.04% | |||
| Genesee & Wyoming 144A 6.25% 4/15/32 # | 15,000 | $ 15,444 | |
| 15,444 | |||
| Total Corporate Bonds (cost $2,269,478) | 2,250,312 | ||
| US Treasury Obligations — 21.48% | |||
| US Treasury Bonds | |||
| 1.125% 5/15/40 | 205,000 | 135,512 | |
| 1.375% 8/15/50 | 255,000 | 140,549 | |
| 1.875% 2/15/51 | 110,000 | 68,954 | |
| 2.25% 8/15/49 | 150,000 | 103,975 | |
| 2.375% 2/15/42 | 485,000 | 377,921 | |
| 2.50% 5/15/46 | 220,000 | 165,890 | |
| 2.875% 5/15/49 | 320,000 | 252,719 | |
| 3.00% 11/15/45 | 150,000 | 124,453 | |
| 3.00% 8/15/52 | 5,000 | 4,020 | |
| 3.375% 11/15/48 | 190,000 | 164,721 | |
| 3.875% 2/15/43 | 185,000 | 178,525 | |
| 4.375% 5/15/41 | 105,000 | 109,602 | |
| 4.50% 5/15/38 | 20,000 | 21,313 | |
| US Treasury Notes | |||
| 0.625% 5/15/30 | 100,000 | 84,939 | |
| 1.00% 12/15/24 | 1,435,000 | 1,424,534 | |
| 1.125% 2/15/31 | 125,000 | 107,522 | |
| 1.875% 2/15/32 | 815,000 | 719,906 | |
| 2.75% 2/15/28 | 215,000 | 209,402 | |
| 2.875% 8/15/28 | 95,000 | 92,601 | |
| 3.25% 6/30/29 | 1,405,000 | 1,384,940 | |
| 3.375% 9/30/29 | 175,000 | 174,487 | |
| 3.875% 1/15/26 | 1,760,000 | 1,761,169 | |
| 3.875% 11/30/29 | 570,000 | 577,526 | |
| 3.875% 8/15/34 | 45,000 | 45,320 | |
| 4.125% 3/31/31 | 195,000 | 200,336 | |
| Total US Treasury Obligations (cost $8,474,695) | 8,630,836 | ||
| Number of shares | |||
| Common Stocks — 60.07% | |||
| Communication Services — 3.61% | |||
| Alphabet Class A | 740 | 122,729 | |
| Alphabet Class C | 777 | 129,907 | |
| AT&T | 9,524 | 209,528 | |
| Electronic Arts | 1,144 | 164,095 | |
| Interpublic Group | 1,467 | 46,401 | |
| KDDI | 700 | 22,375 | |
| Meta Platforms Class A | 571 | 326,863 | |
| Publicis Groupe | 361 | 39,461 | |
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Communication Services (continued) | |||
| Verizon Communications | 5,394 | $ 242,245 | |
| Walt Disney | 1,542 | 148,325 | |
| 1,451,929 | |||
| Consumer Discretionary — 6.21% | |||
| adidas | 196 | 51,904 | |
| Amadeus IT Group | 1,162 | 83,973 | |
| Bath & Body Works | 3,629 | 115,838 | |
| Best Buy | 2,228 | 230,152 | |
| eBay | 1,482 | 96,493 | |
| Genuine Parts | 1,042 | 145,547 | |
| H & M Hennes & Mauritz Class B | 1,911 | 32,515 | |
| Home Depot | 834 | 337,937 | |
| Kering | 101 | 28,877 | |
| Lowe's | 700 | 189,595 | |
| LVMH Moet Hennessy Louis Vuitton | 84 | 64,378 | |
| NIKE Class B | 3,179 | 281,024 | |
| PulteGroup | 1,679 | 240,987 | |
| Ross Stores | 1,152 | 173,387 | |
| Sodexo | 700 | 57,388 | |
| Starbucks | 969 | 94,468 | |
| Swatch Group | 141 | 30,196 | |
| TJX | 2,033 | 238,959 | |
| 2,493,618 | |||
| Consumer Staples — 3.94% | |||
| Altria Group | 4,508 | 230,088 | |
| Anheuser-Busch InBev | 1,146 | 75,749 | |
| Asahi Group Holdings | 1,500 | 19,605 | |
| Conagra Brands | 5,600 | 182,112 | |
| Danone | 1,031 | 74,988 | |
| Diageo | 2,792 | 97,164 | |
| Dollar Tree † | 1,200 | 84,384 | |
| Essity Class B | 1,028 | 32,077 | |
| Hershey | 823 | 157,835 | |
| Kao | 1,400 | 69,248 | |
| Koninklijke Ahold Delhaize | 2,812 | 97,130 | |
| Nestle | 745 | 74,786 | |
| Philip Morris International | 2,263 | 274,728 | |
| Seven & i Holdings | 1,400 | 20,914 | |
| Unilever | 1,410 | 91,220 | |
| 1,582,028 | |||
| Energy — 2.91% | |||
| APA | 3,290 | 80,473 | |
| Berry | 20,901 | 107,431 | |
| Chevron | 1,830 | 269,504 | |
| Chord Energy | 769 | 100,147 | |
| Coterra Energy | 4,413 | 105,691 | |
| EOG Resources | 76 | 9,343 | |
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Energy (continued) | |||
| Exxon Mobil | 4,218 | $ 494,434 | |
| 1,167,023 | |||
| Financials — 10.39% | |||
| Allstate | 1,000 | 189,650 | |
| Ally Financial | 2,304 | 81,999 | |
| American Financial Group | 1,403 | 188,844 | |
| Ameriprise Financial | 437 | 205,307 | |
| Artisan Partners Asset Management Class A | 1,793 | 77,673 | |
| Bank of New York Mellon | 2,896 | 208,107 | |
| BlackRock | 276 | 262,065 | |
| Blackstone | 1,117 | 171,046 | |
| Citizens Financial Group | 5,303 | 217,794 | |
| Corebridge Financial | 6,414 | 187,032 | |
| Fidelity National Financial | 2,364 | 146,710 | |
| Fidelity National Information Services | 2,064 | 172,860 | |
| Fifth Third Bancorp | 2,023 | 86,665 | |
| KeyCorp | 12,263 | 205,405 | |
| MetLife | 2,727 | 224,923 | |
| PNC Financial Services Group | 586 | 108,322 | |
| Principal Financial Group | 2,336 | 200,662 | |
| Prudential Financial | 1,697 | 205,507 | |
| Regions Financial | 2,570 | 59,958 | |
| State Street | 1,369 | 121,116 | |
| Synchrony Financial | 3,883 | 193,684 | |
| Travelers | 714 | 167,162 | |
| Truist Financial | 4,100 | 175,357 | |
| US Bancorp | 3,700 | 169,201 | |
| Western Union | 12,315 | 146,918 | |
| 4,173,967 | |||
| Healthcare — 6.96% | |||
| AbbVie | 1,640 | 323,867 | |
| Baxter International | 4,000 | 151,880 | |
| Bristol-Myers Squibb | 2,797 | 144,717 | |
| Cardinal Health | 1,530 | 169,096 | |
| Cencora | 787 | 177,138 | |
| Cigna Group | 475 | 164,559 | |
| CVS Health | 2,300 | 144,624 | |
| Gilead Sciences | 2,188 | 183,442 | |
| Hologic † | 2,242 | 182,633 | |
| Johnson & Johnson | 1,100 | 178,266 | |
| McKesson | 222 | 109,761 | |
| Merck & Co. | 3,518 | 399,504 | |
| Novo Nordisk Class B | 345 | 40,535 | |
| Pfizer | 3,916 | 113,329 | |
| Roche Holding | 269 | 86,006 | |
| SIGA Technologies | 19,592 | 132,246 | |
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Healthcare (continued) | |||
| Smith & Nephew | 6,171 | $ 95,539 | |
| 2,797,142 | |||
| Industrials — 4.89% | |||
| Amentum Holdings † | 1,192 | 38,442 | |
| Dover | 941 | 180,427 | |
| DSV | 217 | 44,800 | |
| Expeditors International of Washington | 1,227 | 161,228 | |
| Honeywell International | 836 | 172,809 | |
| Intertek Group | 915 | 63,123 | |
| Jacobs Solutions | 1,192 | 156,033 | |
| Knorr-Bremse | 555 | 49,331 | |
| Kone Class B | 864 | 51,647 | |
| Lockheed Martin | 152 | 88,853 | |
| Makita | 1,900 | 63,996 | |
| Masco | 2,514 | 211,025 | |
| Northrop Grumman | 355 | 187,465 | |
| Otis Worldwide | 1,651 | 171,605 | |
| Paychex | 1,486 | 199,406 | |
| Pluxee † | 1,048 | 22,093 | |
| Securitas Class B | 8,092 | 102,705 | |
| 1,964,988 | |||
| Information Technology — 16.38% | |||
| Accenture Class A | 540 | 190,879 | |
| Apple | 5,039 | 1,174,087 | |
| Applied Materials | 817 | 165,075 | |
| Broadcom | 2,510 | 432,975 | |
| Cisco Systems | 7,263 | 386,537 | |
| Cognizant Technology Solutions Class A | 2,278 | 175,816 | |
| Dell Technologies Class C | 1,392 | 165,008 | |
| HP | 5,443 | 195,240 | |
| Lam Research | 214 | 174,641 | |
| Microsoft | 2,628 | 1,130,828 | |
| Monolithic Power Systems | 237 | 219,107 | |
| Motorola Solutions | 401 | 180,302 | |
| NetApp | 1,482 | 183,042 | |
| NVIDIA | 9,341 | 1,134,371 | |
| Oracle | 1,081 | 184,202 | |
| QUALCOMM | 1,274 | 216,644 | |
| SAP | 385 | 87,598 | |
| Teledyne Technologies † | 415 | 181,629 | |
| 6,577,981 | |||
| Materials — 1.06% | |||
| Air Liquide | 417 | 80,425 | |
| Dow | 2,705 | 147,774 | |
| DuPont de Nemours | 2,200 | 196,042 | |
| 424,241 | |||
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Real Estate — 0.49% | |||
| Equity Residential | 2,668 | $ 198,659 | |
| 198,659 | |||
| REIT Diversified — 0.19% | |||
| Gaming and Leisure Properties | 485 | 24,953 | |
| VICI Properties | 1,449 | 48,266 | |
| Vornado Realty Trust | 24 | 946 | |
| 74,165 | |||
| REIT Healthcare — 0.34% | |||
| Alexandria Real Estate Equities | 201 | 23,869 | |
| CareTrust | 277 | 8,548 | |
| Community Healthcare Trust | 17 | 309 | |
| Healthpeak Properties | 206 | 4,711 | |
| Medical Properties Trust | 406 | 2,375 | |
| Ventas | 370 | 23,728 | |
| Welltower | 570 | 72,977 | |
| 136,517 | |||
| REIT Hotel — 0.09% | |||
| Park Hotels & Resorts | 432 | 6,091 | |
| RLJ Lodging Trust | 192 | 1,762 | |
| Ryman Hospitality Properties | 178 | 19,089 | |
| Sunstone Hotel Investors | 502 | 5,181 | |
| Xenia Hotels & Resorts | 227 | 3,353 | |
| 35,476 | |||
| REIT Industrial — 0.32% | |||
| Americold Realty Trust | 170 | 4,806 | |
| Gladstone Commercial | 136 | 2,209 | |
| Plymouth Industrial REIT | 233 | 5,266 | |
| Prologis | 808 | 102,034 | |
| Rexford Industrial Realty | 247 | 12,426 | |
| Terreno Realty | 49 | 3,275 | |
| 130,016 | |||
| REIT Information Technology — 0.32% | |||
| Digital Realty Trust | 264 | 42,723 | |
| Equinix | 95 | 84,325 | |
| 127,048 | |||
| REIT Lodging — 0.10% | |||
| Apple Hospitality REIT | 719 | 10,677 | |
| Chatham Lodging Trust | 903 | 7,694 | |
| Host Hotels & Resorts | 1,184 | 20,838 | |
| 39,209 | |||
| REIT Mall — 0.14% | |||
| Simon Property Group | 327 | 55,270 | |
| 55,270 | |||
| REIT Manufactured Housing — 0.06% | |||
| Equity LifeStyle Properties | 166 | 11,843 | |
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| REIT Manufactured Housing (continued) | |||
| Sun Communities | 96 | $ 12,974 | |
| 24,817 | |||
| REIT Multifamily — 0.27% | |||
| American Homes 4 Rent Class A | 374 | 14,358 | |
| AvalonBay Communities | 148 | 33,337 | |
| Camden Property Trust | 165 | 20,382 | |
| Essex Property Trust | 82 | 24,224 | |
| Mid-America Apartment Communities | 113 | 17,956 | |
| 110,257 | |||
| REIT Office — 0.05% | |||
| BXP | 86 | 6,920 | |
| Cousins Properties | 461 | 13,590 | |
| 20,510 | |||
| REIT Self-Storage — 0.26% | |||
| CubeSmart | 301 | 16,203 | |
| Extra Space Storage | 164 | 29,551 | |
| Public Storage | 166 | 60,402 | |
| 106,156 | |||
| REIT Shopping Center — 0.24% | |||
| Agree Realty | 122 | 9,190 | |
| Brixmor Property Group | 943 | 26,272 | |
| Kimco Realty | 966 | 22,431 | |
| Kite Realty Group Trust | 273 | 7,251 | |
| Phillips Edison & Co. | 69 | 2,602 | |
| Regency Centers | 220 | 15,891 | |
| Retail Opportunity Investments | 269 | 4,231 | |
| SITE Centers | 121 | 7,321 | |
| Tanger | 45 | 1,493 | |
| Urban Edge Properties | 29 | 620 | |
| 97,302 | |||
| REIT Single Tenant — 0.13% | |||
| Alexander's | 2 | 485 | |
| Broadstone Net Lease | 186 | 3,524 | |
| Orion Office | 130 | 520 | |
| Realty Income | 774 | 49,087 | |
| 53,616 | |||
| REIT Specialty — 0.26% | |||
| EPR Properties | 98 | 4,806 | |
| Essential Properties Realty Trust | 267 | 9,118 | |
| Innovative Industrial Properties | 31 | 4,173 | |
| Invitation Homes | 639 | 22,531 | |
| Iron Mountain | 368 | 43,729 | |
| Lamar Advertising Class A | 73 | 9,753 | |
| Outfront Media | 469 | 8,620 | |
| 102,730 | |||
| Number of shares | Value (US $) | ||
| Common Stocks (continued) | |||
| Utilities — 0.46% | |||
| Duke Energy | 1,600 | $ 184,480 | |
| 184,480 | |||
| Total Common Stocks (cost $18,635,249) | 24,129,145 | ||
| Convertible Preferred Stock — 0.72% | |||
| AMG Capital Trust II 5.15% exercise price $195.47, maturity date 10/15/37 † | 702 | 38,961 | |
| Apollo Global Management 6.75% exercise price $98.97, maturity date 7/31/26 † | 674 | 45,825 | |
| Bank of America 7.25% exercise price $50.00 †, ω | 27 | 34,371 | |
| El Paso Energy Capital Trust I 4.75% exercise price $34.49, maturity date 3/31/28 † | 914 | 44,101 | |
| NextEra Energy 7.299% exercise price $90.38, maturity date 6/1/27 † | 791 | 43,861 | |
| RBC Bearings 5.00% exercise price $226.60, maturity date 10/15/24 † | 349 | 46,291 | |
| Wells Fargo & Co. 7.50% exercise price $156.71 †, ω | 27 | 34,620 | |
| Total Convertible Preferred Stock (cost $262,048) | 288,030 | ||
| Preferred Stock — 0.18% | |||
| Henkel AG & Co. 2.21% ω | 766 | 71,966 | |
| Total Preferred Stock (cost $62,233) | 71,966 | ||
| Exchange-Traded Funds — 5.64% | |||
| iShares Core MSCI Europe ETF | 17,155 | 1,045,254 | |
| Vanguard S&P 500 ETF | 2,312 | 1,219,973 | |
| Total Exchange-Traded Funds (cost $2,177,265) | 2,265,227 | ||
| Principal amount° | |||
| Warrants — 0.00% | |||
| Danimer Scientific strike price $5.00, expiration date 15/03/26 † | 772 | 62 | |
| Total Warrants (cost $0) | 62 | ||
| Number of shares | Value (US $) | ||
| Short-Term Investments — 3.44% | |||
| Money Market Mutual Funds — 3.44% | |||
| BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.83%) | 345,373 | $ 345,373 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.83%) | 345,373 | 345,373 | |
| Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.89%) | 345,373 | 345,373 | |
| Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.83%) | 345,373 | 345,373 | |
| Total Short-Term Investments (cost $1,381,492) | 1,381,492 | ||
| Total Value of Securities—100.01% (cost $34,412,532) | 40,172,364 | ||
| Liabilities Net of Receivables and Other Assets—(0.01)%★ | (2,102) | ||
| Net Assets Applicable to 2,933,499 Shares Outstanding—100.00% | $40,170,262 | ||
| ° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At September 30, 2024, the aggregate value of Rule 144A securities was $2,049,610, which represents 5.10% of the Series’ net assets. |
| ^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
| μ | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at September 30, 2024. Rate will reset at a future date. |
| ψ | Perpetual security. Maturity date represents next call date. |
| >> | PIK. 100% of the income received was in the form of principal. |
| > | PIK. 100% of the income received was in the form of cash. |
| † | Non-income producing security. |
| ω | Perpetual security with no stated maturity date. |
| ★ | Includes $13,640 cash collateral held at broker for futures contracts as of September 30, 2024. |
| Futures Contracts Exchange-Traded | |||||||||||||
| Contracts to Buy (Sell) | Notional Amount | Notional Cost (Proceeds) | Expiration Date | Value/ Unrealized Appreciation | Value/ Unrealized Depreciation | Variation Margin Due from (Due to) Brokers | |||||||
| 8 | US Treasury 5 yr Notes | $879,062 | $877,767 | 12/31/24 | $1,295 | $— | $(2,938) | ||||||
| 1 | US Treasury 10 yr Notes | 114,281 | 114,315 | 12/19/24 | — | (34) | — | ||||||
| Total Futures Contracts | $992,082 | $1,295 | $(34) | $(2,938) | |||||||||
| Summary of abbreviations: |
| AG – Aktiengesellschaft |
| DAC – Designated Activity Company |
| ETF – Exchange-Traded Fund |
| LNG – Liquefied Natural Gas |
| MSCI – Morgan Stanley Capital International |
| Summary of abbreviations: (continued) |
| PIK – Payment-in-kind |
| REIT – Real Estate Investment Trust |
| S&P – Standard & Poor’s Financial Services LLC |
| USD – US Dollar |
| yr – Year |
