Nuveen Large Cap Select Fund (FLRAX) NPORT-P Nuveen Strategic Income Fund (Nov 2024 report)

1

Portfolio

of

Investments

November

30,

2024

Credit

Income

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

96.9%

4116868

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

-

4

.4

%

4116868

AUTOMOBILES

&

COMPONENTS

-

0.2%

$

225,000

(a),(b)

General

Motors

Financial

Co

Inc

5

.700

%

N/A

$

219,170

TOTAL

AUTOMOBILES

&

COMPONENTS

219,170

CAPITAL

GOODS

-

0.3%

250,000

(c)

AerCap

Global

Aviation

Trust

6

.500

06/15/45

249,820

TOTAL

CAPITAL

GOODS

249,820

ENERGY

-

1.6%

235,000

(b)

Energy

Transfer

LP

6

.500

N/A

235,108

160,000

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7

.625

03/01/55

165,183

82,000

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7

.500

03/01/55

85,820

1,000,000

(b),(c)

Venture

Global

LNG

Inc

9

.000

N/A

1,036,304

TOTAL

ENERGY

1,522,415

FINANCIAL

SERVICES

-

0.2%

150,000

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

6

.950

03/10/55

155,539

TOTAL

FINANCIAL

SERVICES

155,539

INSURANCE

-

0.3%

310,000

Enstar

Finance

LLC

5

.750

09/01/40

307,256

TOTAL

INSURANCE

307,256

MEDIA

&

ENTERTAINMENT

-

0.4%

330,000

Paramount

Global

6

.375

03/30/62

318,256

TOTAL

MEDIA

&

ENTERTAINMENT

318,256

UTILITIES

-

1.4%

309,000

(c)

AltaGas

Ltd

7

.200

10/15/54

315,558

275,000

(b)

Edison

International

5

.375

N/A

272,544

180,000

(b),(c)

NRG

Energy

Inc

10

.250

N/A

199,661

300,000

PG&E

Corp

7

.375

03/15/55

310,035

230,000

(b),(c)

Vistra

Corp

8

.875

N/A

246,614

TOTAL

UTILITIES

1,344,412

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(Cost

$3,915,569)

4,116,868

SHARES

DESCRIPTION

RATE

VALUE

168,938

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

-

0

.2

%

168,938

FINANCIAL

SERVICES

-

0.2%

6,375

Synchrony

Financial

8

.250

168,938

TOTAL

FINANCIAL

SERVICES

168,938

TOTAL

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

(Cost

$159,375)

168,938

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ASSET-BACKED

SECURITIES

-

7.6%

–

1,000,000

(c)

Affirm

Asset

Securitization

Trust

2024-B,

2024

B

8

.550

09/15/29

1,001,001

2,500

(c),(d)

Carvana

Auto

Receivables

Trust

2021-P2,

2021

P2

0

.000

05/10/28

503,375

500,000

(c)

Frontier

Issuer

LLC,

2023

1

11

.500

08/20/53

533,134

500,000

(c),(e)

GoldentTree

Loan

Management

US

CLO

1

Ltd,

(LIBOR

3

M

+

7.762%),

2021

11A

8

.563

10/20/34

491,726

500,000

(c)

Hertz

Vehicle

Financing

III

LLC,

2024

1A

9

.220

01/25/29

501,672

750,000

(c)

Hotwire

Funding

LLC,

2024

1A

9

.188

06/20/54

781,639

1,525,000

(c),(d)

Mosaic

Solar

Loan

Trust

2019-2,

2019

2A

0

.000

09/20/40

571,722

1,700,000

(c),(d)

Mosaic

Solar

Loan

Trust

2020-1,

2020

20-1A

0

.000

04/20/46

846,090

86,162

(c)

Oportun

Funding

XIV

LLC,

2021

A

5

.400

03/08/28

84,415

500,000

(c)

Oportun

Issuance

Trust

2024-2,

2024

2

10

.470

02/09/32

508,211

750,000

(c),(e)

Thayer

Park

CLO

Ltd,

(TSFR3M

+

9.132%),

2017

1A

1

.000

04/20/34

686,126

747,280

(c)

VR

Funding

LLC,

2020

1A

6

.420

11/15/50

701,194

TOTAL

ASSET-BACKED

SECURITIES

(Cost

$8,422,811)

7,210,305

Portfolio

of

Investments

November

30,

2024

(continued)

Credit

Income

2

SHARES

DESCRIPTION

VALUE

89

COMMON

STOCKS

-

0

.0

%

89

TRANSPORTATION

-

0.0%

8,907

(d),(f)

Jack

Cooper

Enterprises

Inc

89

TOTAL

TRANSPORTATION

89

TOTAL

COMMON

STOCKS

(Cost

$0)

89

PRINCIPAL

DESCRIPTION

(g)

RATE

MATURITY

VALUE

2207360

CONTINGENT

CAPITAL

SECURITIES

-

2

.3

%

2207360

BANKS

-

1.4%

$

200,000

(b)

Banco

Bilbao

Vizcaya

Argentaria

SA

9

.375

N/A

$

217,739

200,000

(b),(c)

Banco

de

Credito

e

Inversiones

SA

7

.500

N/A

197,990

200,000

(b),(c)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

6

.625

N/A

179,700

200,000

Bancolombia

SA

8

.625

12/24/34

209,821

300,000

(b)

Barclays

PLC

8

.000

N/A

311,298

300,000

(b),(c)

Intesa

Sanpaolo

SpA

7

.700

N/A

299,919

TOTAL

BANKS

1,416,467

FINANCIAL

SERVICES

-

0.9%

350,000

(b)

Deutsche

Bank

AG

6

.000

N/A

342,991

200,000

(b),(c)

UBS

Group

AG

9

.250

N/A

229,915

200,000

(b),(c)

UBS

Group

AG

9

.250

N/A

217,987

TOTAL

FINANCIAL

SERVICES

790,893

TOTAL

CONTINGENT

CAPITAL

SECURITIES

(Cost

$2,041,760)

2,207,360

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

57631099

CORPORATE

BONDS

-

61

.0

%

57631099

AUTOMOBILES

&

COMPONENTS

-

1.9%

300,000

(a),(c)

Dornoch

Debt

Merger

Sub

Inc

6

.625

10/15/29

237,509

250,000

(a)

Goodyear

Tire

&

Rubber

Co/The

5

.250

07/15/31

230,024

830,000

(c)

IHO

Verwaltungs

GmbH

8

.000

11/15/32

840,375

510,000

(c)

Phinia

Inc

6

.625

10/15/32

513,805

TOTAL

AUTOMOBILES

&

COMPONENTS

1,821,713

BANKS

-

0.4%

200,000

(c)

Akbank

TAS

7

.498

01/20/30

203,573

200,000

(c)

Ecobank

Transnational

Inc

10

.125

10/15/29

206,965

TOTAL

BANKS

410,538

CAPITAL

GOODS

-

1.2%

500,000

(c)

Albion

Financing

2

Sarl

8

.750

04/15/27

508,975

400,000

(c)

Dcli

Bidco

LLC

7

.750

11/15/29

413,641

200,000

(c)

IHS

Holding

Ltd

8

.250

11/29/31

196,557

TOTAL

CAPITAL

GOODS

1,119,173

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

1.1%

200,000

(c)

Ambipar

Lux

Sarl

9

.875

02/06/31

206,954

290,000

(c)

Garda

World

Security

Corp

8

.250

08/01/32

295,473

305,000

(c)

RR

Donnelley

&

Sons

Co

9

.500

08/01/29

313,307

250,000

(c)

RR

Donnelley

&

Sons

Co

10

.875

08/01/29

254,956

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

1,070,690

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

4.3%

530,000

(c)

Carvana

Co,

(cash

12.000%,

PIK

12.000%)

12

.000

12/01/28

564,520

559,125

(c)

Carvana

Co,

(cash

13.000%,

PIK

13.000%)

13

.000

06/01/30

614,362

150,000

(c)

Cougar

JV

Subsidiary

LLC

8

.000

05/15/32

157,369

550,000

Kohl's

Corp

4

.625

05/01/31

444,642

200,000

(c)

LCM

Investments

Holdings

II

LLC

8

.250

08/01/31

209,112

700,000

(a),(c)

Macy's

Retail

Holdings

LLC

6

.125

03/15/32

668,851

952,000

(c)

Michaels

Cos

Inc/The

7

.875

05/01/29

509,597

625,000

(c)

Staples

Inc

10

.750

09/01/29

616,207

250,000

(c)

Wayfair

LLC

7

.250

10/31/29

253,348

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

4,038,008

3

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CONSUMER

DURABLES

&

APPAREL

-

1.2%

$

500,000

(c)

CD&R

Smokey

Buyer

Inc

9

.500

10/15/29

$

504,001

200,000

(c)

Champ

Acquisition

Corp

8

.375

12/01/31

206,889

450,000

(c)

S&S

Holdings

LLC

8

.375

10/01/31

455,567

TOTAL

CONSUMER

DURABLES

&

APPAREL

1,166,457

CONSUMER

SERVICES

-

1.6%

365,000

(a),(c)

Caesars

Entertainment

Inc

6

.000

10/15/32

358,777

350,000

(c)

Life

Time

Inc

6

.000

11/15/31

350,113

450,000

(c)

Motion

Bondco

DAC

6

.625

11/15/27

421,441

200,000

(c)

Studio

City

Finance

Ltd

6

.500

01/15/28

194,007

215,000

(c)

Wynn

Resorts

Finance

LLC

/

Wynn

Resorts

Capital

Corp

6

.250

03/15/33

214,461

TOTAL

CONSUMER

SERVICES

1,538,799

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

0.4%

375,000

(a)

Walgreens

Boots

Alliance

Inc

8

.125

08/15/29

377,598

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

377,598

ENERGY

-

6.7%

195,000

(c)

Archrock

Partners

LP

/

Archrock

Partners

Finance

Corp

6

.625

09/01/32

197,666

260,000

(c)

Baytex

Energy

Corp

7

.375

03/15/32

259,047

370,000

(c)

Borr

IHC

Ltd

/

Borr

Finance

LLC

10

.000

11/15/28

368,213

500,000

(c)

Coronado

Finance

Pty

Ltd

9

.250

10/01/29

514,858

250,000

(c)

Delek

Logistics

Partners

LP

/

Delek

Logistics

Finance

Corp

8

.625

03/15/29

260,660

200,000

Ecopetrol

SA

7

.750

02/01/32

196,369

125,000

Genesis

Energy

LP

/

Genesis

Energy

Finance

Corp

7

.875

05/15/32

125,985

250,000

(c)

Global

Partners

LP

/

GLP

Finance

Corp

8

.250

01/15/32

262,393

200,000

(c)

Gran

Tierra

Energy

Inc

9

.500

10/15/29

190,741

375,000

(c)

Harvest

Midstream

I

LP

7

.500

05/15/32

385,339

450,000

(c)

Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co

8

.375

11/01/33

475,291

300,000

(c)

Kosmos

Energy

Ltd

7

.750

05/01/27

289,801

150,000

(c)

Matador

Resources

Co

6

.250

04/15/33

147,929

250,000

(c)

Medco

Laurel

Tree

Pte

Ltd

6

.950

11/12/28

249,591

225,000

(a),(c)

Nabors

Industries

Inc

8

.875

08/15/31

217,378

215,000

(c)

Noble

Finance

II

LLC

8

.000

04/15/30

220,176

295,000

(c)

PBF

Holding

Co

LLC

/

PBF

Finance

Corp

7

.875

09/15/30

302,791

200,000

Petroleos

Mexicanos

5

.950

01/28/31

172,032

300,000

(c)

SierraCol

Energy

Andina

LLC

6

.000

06/15/28

277,289

350,000

(c)

Talos

Production

Inc

9

.000

02/01/29

366,184

113,462

(c)

Transocean

Aquila

Ltd

8

.000

09/30/28

116,463

300,000

(c)

Transocean

Inc

8

.250

05/15/29

302,749

255,000

(c)

USA

Compression

Partners

LP

/

USA

Compression

Finance

Corp

7

.125

03/15/29

261,250

200,000

YPF

SA,

Reg

S

9

.500

01/17/31

211,159

TOTAL

ENERGY

6,371,354

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

1.6%

378,000

(a)

MPT

Operating

Partnership

LP

/

MPT

Finance

Corp

5

.000

10/15/27

319,416

740,000

(c)

Uniti

Group

LP

/

Uniti

Group

Finance

2019

Inc

/

CSL

Capital

LLC

10

.500

02/15/28

786,171

475,000

(c)

Uniti

Group

LP

/

Uniti

Group

Finance

2019

Inc

/

CSL

Capital

LLC

6

.500

02/15/29

416,576

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

1,522,163

FINANCIAL

SERVICES

-

4.4%

600,000

(c)

Azorra

Finance

Ltd

7

.750

04/15/30

602,815

750,000

(c)

Encore

Capital

Group

Inc

8

.500

05/15/30

793,942

200,000

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

4

.375

02/01/29

172,743

450,000

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

9

.000

06/15/30

446,686

310,000

(c)

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

10

.000

11/15/29

317,931

250,000

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

5

.250

05/15/27

240,326

200,000

(c)

Jane

Street

Group

/

JSG

Finance

Inc

6

.125

11/01/32

200,809

200,000

(c)

Muthoot

Finance

Ltd

6

.375

04/23/29

198,039

250,000

OneMain

Finance

Corp

7

.125

11/15/31

257,521

200,000

(c)

PennyMac

Financial

Services

Inc

7

.875

12/15/29

211,391

315,000

(c)

Starwood

Property

Trust

Inc

6

.000

04/15/30

310,972

400,000

(a),(c)

VistaJet

Malta

Finance

PLC

/

Vista

Management

Holding

Inc

6

.375

02/01/30

352,864

TOTAL

FINANCIAL

SERVICES

4,106,039

Portfolio

of

Investments

November

30,

2024

(continued)

Credit

Income

4

PRINCIPAL

DESCRIPTION

VALUE

MATURITY

VALUE

FOOD,

BEVERAGE

&

TOBACCO

-

1.4%

$

400,000

(c)

Fiesta

Purchaser

Inc

9

.625

%

09/15/32

$

421,927

250,000

(c)

Post

Holdings

Inc

6

.375

03/01/33

249,026

650,000

(c)

Viking

Baked

Goods

Acquisition

Corp

8

.625

11/01/31

637,863

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

1,308,816

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

3.3%

402,000

(c)

CHS/Community

Health

Systems

Inc

6

.125

04/01/30

297,572

425,000

(c)

CHS/Community

Health

Systems

Inc

10

.875

01/15/32

442,259

759,244

(c)

Global

Medical

Response

Inc,

(cash

10.000%,

PIK

10.000%)

10

.000

10/31/28

762,091

355,000

(c)

Heartland

Dental

LLC

/

Heartland

Dental

Finance

Corp

10

.500

04/30/28

377,721

320,000

(c)

Molina

Healthcare

Inc

6

.250

01/15/33

322,716

909,000

(c)

Prime

Healthcare

Services

Inc

9

.375

09/01/29

923,264

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

3,125,623

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0.5%

250,000

(a),(c)

Kronos

Acquisition

Holdings

Inc

10

.750

06/30/32

228,236

250,000

Perrigo

Finance

Unlimited

Co

6

.125

09/30/32

249,158

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

477,394

INSURANCE

-

2.5%

475,000

(c)

Acrisure

LLC

/

Acrisure

Finance

Inc

8

.250

02/01/29

488,020

500,000

(c)

Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co-Issuer

6

.500

10/01/31

500,014

270,000

(c)

Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co-Issuer

7

.375

10/01/32

271,627

605,000

(c)

APH

Somerset

Investor

2

LLC

/

APH2

Somerset

Investor

2

LLC

/

APH3

Somerset

Inves

7

.875

11/01/29

611,806

260,000

(c)

Ardonagh

Finco

Ltd

7

.750

02/15/31

265,451

225,000

(c)

Panther

Escrow

Issuer

LLC

7

.125

06/01/31

230,475

TOTAL

INSURANCE

2,367,393

MATERIALS

-

3.8%

200,000

(c)

Braskem

Idesa

SAPI

6

.990

02/20/32

149,715

350,000

(c)

LABL

Inc

8

.625

10/01/31

330,030

200,000

(c)

LD

Celulose

International

GmbH

7

.950

01/26/32

204,062

200,000

(c)

Limak

Cimento

Sanayi

ve

Ticaret

AS

9

.750

07/25/29

194,512

285,000

(c)

Methanex

US

Operations

Inc

6

.250

03/15/32

284,393

500,000

(c)

Mineral

Resources

Ltd

8

.000

11/01/27

509,617

200,000

(c)

Mineral

Resources

Ltd

8

.500

05/01/30

204,379

230,000

(c)

Mineral

Resources

Ltd

9

.250

10/01/28

240,907

385,000

(c)

NOVA

Chemicals

Corp

7

.000

12/01/31

393,442

250,000

(a),(c)

Olympus

Water

US

Holding

Corp

6

.250

10/01/29

239,528

200,000

(c)

Sasol

Financing

USA

LLC

8

.750

05/03/29

205,884

255,000

(c)

Tronox

Inc

4

.625

03/15/29

234,901

200,000

UPL

Corp

Ltd,

Reg

S

4

.625

06/16/30

175,493

225,000

(c)

WR

Grace

Holdings

LLC

5

.625

08/15/29

210,406

TOTAL

MATERIALS

3,577,269

MEDIA

&

ENTERTAINMENT

-

8.1%

600,000

(c)

Advantage

Sales

&

Marketing

Inc

6

.500

11/15/28

574,796

250,000

(c)

AMC

Entertainment

Holdings

Inc

7

.500

02/15/29

223,008

700,000

(c)

Cablevision

Lightpath

LLC

5

.625

09/15/28

649,798

500,000

(c)

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

4

.250

01/15/34

416,897

750,000

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

4

.400

12/01/61

527,319

375,000

(c)

CSC

Holdings

LLC

5

.500

04/15/27

339,038

400,000

(c)

CSC

Holdings

LLC

4

.125

12/01/30

300,466

750,000

(c)

CSC

Holdings

LLC

11

.250

05/15/28

742,152

1,550,000

(c)

DISH

Network

Corp

11

.750

11/15/27

1,646,751

100,000

(c)

Gray

Television

Inc

4

.750

10/15/30

59,076

135,000

(c)

Gray

Television

Inc

10

.500

07/15/29

137,389

825,000

(c)

LCPR

Senior

Secured

Financing

DAC

6

.750

10/15/27

750,787

280,000

(c)

McGraw-Hill

Education

Inc

7

.375

09/01/31

290,007

250,000

(a),(c)

Sirius

XM

Radio

Inc

3

.875

09/01/31

216,415

400,000

(c)

Univision

Communications

Inc

8

.500

07/31/31

396,815

250,000

(c)

Univision

Communications

Inc

7

.375

06/30/30

241,011

200,000

(c)

VZ

Secured

Financing

BV

5

.000

01/15/32

178,728

TOTAL

MEDIA

&

ENTERTAINMENT

7,690,453

5

PRINCIPAL

DESCRIPTION

VALUE

MATURITY

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

1.5%

$

800,000

(c)

Bausch

Health

Cos

Inc

4

.875

%

06/01/28

$

662,054

700,000

(a),(c)

Grifols

SA

4

.750

10/15/28

638,643

125,000

(a),(c)

Organon

&

Co

/

Organon

Foreign

Debt

Co-Issuer

BV

7

.875

05/15/34

129,065

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

1,429,762

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.9%

879,000

(a),(c)

Anywhere

Real

Estate

Group

LLC

/

Anywhere

Co-Issuer

Corp

7

.000

04/15/30

819,077

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

819,077

SOFTWARE

&

SERVICES

-

1.4%

350,000

(c)

Ahead

DB

Holdings

LLC

6

.625

05/01/28

346,847

300,000

(c)

Condor

Merger

Sub

Inc

7

.375

02/15/30

291,711

400,000

(c)

Ellucian

Holdings

Inc

6

.500

12/01/29

407,079

240,000

(c)

Rocket

Software

Inc

9

.000

11/28/28

249,323

TOTAL

SOFTWARE

&

SERVICES

1,294,960

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

1.5%

375,000

(c)

CommScope

LLC

8

.250

03/01/27

347,883

550,000

(c)

CommScope

LLC

6

.000

03/01/26

540,136

500,000

(c)

CommScope

Technologies

LLC

6

.000

06/15/25

489,091

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

1,377,110

TELECOMMUNICATION

SERVICES

-

6.2%

400,000

(c)

Altice

France

SA

8

.125

02/01/27

336,149

600,000

EchoStar

Corp

10

.750

11/30/29

649,066

120,000

(c)

Iliad

Holding

SASU

8

.500

04/15/31

127,763

555,000

(c),(h)

Iliad

Holding

SASU

7

.000

04/15/32

560,986

325,000

(c)

Level

3

Financing

Inc

3

.750

07/15/29

254,038

250,000

(c)

Level

3

Financing

Inc

10

.500

04/15/29

279,689

725,000

(c)

Level

3

Financing

Inc

4

.875

06/15/29

633,403

400,000

(c)

Lumen

Technologies

Inc

4

.500

01/15/29

336,000

200,000

(c)

Sable

International

Finance

Ltd

7

.125

10/15/32

200,382

150,000

(c)

Windstream

Escrow

LLC

/

Windstream

Escrow

Finance

Corp

8

.250

10/01/31

156,612

350,000

(c)

Windstream

Services

LLC

/

Windstream

Escrow

Finance

Corp

7

.750

08/15/28

352,746

1,150,000

(c)

Zayo

Group

Holdings

Inc

4

.000

03/01/27

1,084,400

450,000

(a),(c)

Zayo

Group

Holdings

Inc

6

.125

03/01/28

415,125

460,000

(c)

Zegona

Finance

PLC

8

.625

07/15/29

488,750

TOTAL

TELECOMMUNICATION

SERVICES

5,875,109

TRANSPORTATION

-

3.1%

1,850,000

(a),(c)

Brightline

East

LLC

11

.000

01/31/30

1,733,028

200,000

(c)

Cargo

Aircraft

Management

Inc

4

.750

02/01/28

198,285

200,000

(c)

Grupo

Aeromexico

SAB

de

CV

8

.250

11/15/29

198,880

756,000

(a),(c)

VistaJet

Malta

Finance

PLC

/

Vista

Management

Holding

Inc

9

.500

06/01/28

756,672

TOTAL

TRANSPORTATION

2,886,865

UTILITIES

-

2.0%

355,000

(c)

California

Buyer

Ltd

/

Atlantica

Sustainable

Infrastructure

PLC

6

.375

02/15/32

355,403

200,000

(c)

Continuum

Green

Energy

India

Pvt

/

Co-Issuers

7

.500

06/26/33

204,619

500,000

(c)

Ferrellgas

LP

/

Ferrellgas

Finance

Corp

5

.875

04/01/29

468,330

205,250

(c)

India

Cleantech

Energy2021

1

4

.700

08/10/26

198,684

240,000

(c)

NRG

Energy

Inc

6

.000

02/01/33

238,662

190,000

(c)

NRG

Energy

Inc

6

.250

11/01/34

189,978

200,000

(c)

Pampa

Energia

SA

7

.950

09/10/31

203,060

TOTAL

UTILITIES

1,858,736

TOTAL

CORPORATE

BONDS

(Cost

$56,474,232)

57,631,099

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

-

10.1%

–

1,000,000

(c),(e)

Ashford

Hospitality

Trust

2018-KEYS,

(LIBOR

1

M

+

3.047%),

2018

KEYS

2

.860

06/15/35

987,169

1,000,000

(c)

COMM

2014-UBS3

Mortgage

Trust,

2014

UBS3

4

.767

06/10/47

396,918

900,000

(c)

COMM

2015-CCRE22

Mortgage

Trust,

2015

CR22

3

.000

03/10/48

608,360

485,000

COMM

2015-CCRE25

Mortgage

Trust,

2015

CR25

3

.768

08/10/48

444,362

Portfolio

of

Investments

November

30,

2024

(continued)

Credit

Income

6

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

(continued)

$

850,000

(c),(e)

Connecticut

Avenue

Securities

Trust

2022-R01,

(SOFR30A

+

6.000%),

2022

R01

10

.734

%

12/25/41

$

896,109

565,000

(c),(e)

Connecticut

Avenue

Securities

Trust

2023-R06,

(SOFR30A

+

5.900%),

2023

R06

10

.634

07/25/43

621,354

1,000,000

(c),(e)

Freddie

Mac

STACR

REMIC

Trust

2021-DNA6,

(SOFR30A

+

7.500%),

2021

DNA6

12

.234

10/25/41

1,078,951

1,000,000

(c),(e)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA1,

(SOFR30A

+

7.100%),

2022

DNA1

11

.834

01/25/42

1,071,385

450,000

(c),(e)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

+

4.750%),

2022

DNA2

9

.484

02/25/42

474,435

1,098,000

(c),(e)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

+

8.500%),

2022

DNA2

13

.788

02/25/42

1,212,463

920,000

(c),(e)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA3,

(SOFR30A

+

9.750%),

2022

DNA3

15

.087

04/25/42

1,045,503

800,000

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C22,

2014

C22

4

.662

09/15/47

709,898

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost

$10,081,190)

9,546,907

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

3198249

SOVEREIGN

DEBT

-

3

.4

%

3198249

ANGOLA

-

0.2%

200,000

(c)

Angolan

Government

International

Bond

8

.750

04/14/32

179,158

TOTAL

ANGOLA

179,158

BENIN

-

0.2%

200,000

(c)

Benin

Government

International

Bond

7

.960

02/13/38

194,112

TOTAL

BENIN

194,112

COLOMBIA

-

0.2%

200,000

Colombia

Government

International

Bond

3

.250

04/22/32

156,547

TOTAL

COLOMBIA

156,547

COTE

D'IVOIRE

-

0.3%

300,000

(c)

Ivory

Coast

Government

International

Bond

6

.125

06/15/33

272,850

TOTAL

COTE

D'IVOIRE

272,850

DOMINICAN

REPUBLIC

-

0.1%

150,000

(c)

Dominican

Republic

International

Bond

6

.600

06/01/36

152,992

TOTAL

DOMINICAN

REPUBLIC

152,992

ECUADOR

-

0.2%

400,000

Ecuador

Government

International

Bond,

Reg

S

5

.500

07/31/35

219,554

TOTAL

ECUADOR

219,554

EGYPT

-

0.2%

200,000

(c)

Egypt

Government

International

Bond

8

.750

09/30/51

163,300

TOTAL

EGYPT

163,300

EL

SALVADOR

-

0.2%

200,000

(c)

El

Salvador

Government

International

Bond

7

.625

09/21/34

182,095

TOTAL

EL

SALVADOR

182,095

HONDURAS

-

0.2%

200,000

(c)

Honduras

Government

International

Bond

5

.625

06/24/30

178,300

TOTAL

HONDURAS

178,300

JORDAN

-

0.2%

200,000

(c)

Jordan

Government

International

Bond

5

.850

07/07/30

190,529

TOTAL

JORDAN

190,529

KENYA

-

0.2%

200,000

(c)

Republic

of

Kenya

Government

International

Bond

7

.000

05/22/27

197,500

TOTAL

KENYA

197,500

NIGERIA

-

0.2%

200,000

(c)

Nigeria

Government

International

Bond

6

.125

09/28/28

181,671

TOTAL

NIGERIA

181,671

7

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PARAGUAY

-

0.2%

$

200,000

(c)

Paraguay

Government

International

Bond

6

.000

%

02/09/36

$

205,080

TOTAL

PARAGUAY

205,080

RWANDA

-

0.2%

200,000

(c)

Rwanda

International

Government

Bond

5

.500

08/09/31

169,678

TOTAL

RWANDA

169,678

SENEGAL

-

0.3%

300,000

(c)

Senegal

Government

International

Bond

6

.250

05/23/33

252,114

TOTAL

SENEGAL

252,114

SOUTH

AFRICA

-

0.3%

300,000

(c)

Republic

of

South

Africa

Government

International

Bond

7

.100

11/19/36

302,769

TOTAL

SOUTH

AFRICA

302,769

TOTAL

SOVEREIGN

DEBT

(Cost

$3,161,295)

3,198,249

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

7501416

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

7

.9

%

7501416

CAPITAL

GOODS

-

0.5%

450,464

(e)

Windsor

Holdings

III,

LLC,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.500%)

8

.099

08/01/30

456,827

TOTAL

CAPITAL

GOODS

456,827

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

0.7%

650,000

(e)

Johnstone

Supply

LLC,

Term

Loan,

(TSFR1M

+

3.000%)

7

.640

05/16/31

654,352

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

654,352

CONSUMER

SERVICES

-

1.1%

410,660

(e)

ClubCorp

Holdings,

Inc.,

Term

Loan

B2,

(TSFR3M

+

5.000%)

9

.865

09/18/26

412,627

600,000

(e)

GBT

US

III

LLC,

Term

Loan

B,

(TSFR3M

+

3.000%)

7

.626

07/28/31

605,187

TOTAL

CONSUMER

SERVICES

1,017,814

FINANCIAL

SERVICES

-

0.4%

430,000

(e)

Boost

Newco

Borrower,

LLC,

Term

Loan

B,

(TSFR3M

+

2.500%)

7

.104

01/31/31

434,683

TOTAL

FINANCIAL

SERVICES

434,683

FOOD,

BEVERAGE

&

TOBACCO

-

0.3%

1,768

(e)

City

Brewing

Company,

LLC,

First

Lien,

(TSFR3M

+

5.000%)

9

.647

04/14/28

751

89,902

(e)

City

Brewing

Company,

LLC,

First

Out

New

Money

Term

Loan,

(TSFR3M

+

6.250%)

10

.906

04/05/28

72,820

235,255

(e)

City

Brewing

Company,

LLC,

FLFO

Roll

Up

Term

Loan,

(TSFR3M

+

3.500%)

8

.418

04/14/28

176,442

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

250,013

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1.3%

488,750

(e)

Bausch

&

Lomb

Corporation,

Term

Loan,

(TSFR1M

+

3.250%)

7

.938

05/05/27

490,967

448,021

(e)

Medline

Borrower,

LP,

Term

Loan

B,

(TSFR1M

+

2.250%)

6

.823

10/23/28

451,213

2,425

(e)

Onex

TSG

Intermediate

Corp.,

Term

Loan

B,

(TSFR3M

+

4.750%)

9

.597

02/28/28

2,444

279,991

(e)

Parexel

International

Corporation,

Term

Loan

B,

(TSFR1M

+

3.000%)

7

.573

11/15/28

282,334

32,419

(e)

Select

Medical

Corporation,

Term

Loan

B1,

(Prime

+

1.750%)

9

.500

03/05/27

32,581

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

1,259,539

INSURANCE

-

0.8%

250,000

(e)

Asurion

LLC,

2nd

Lien

Term

Loan

B3,

(TSFR1M

+

5.250%)

9

.937

02/03/28

246,206

498,750

(e)

Broadstreet

Partners,

Inc.,

Term

Loan

B4,

(TSFR1M

+

3.250%)

7

.823

05/12/31

502,037

TOTAL

INSURANCE

748,243

MEDIA

&

ENTERTAINMENT

-

0.1%

125,000

(e)

Virgin

Media

Bristol

LLC,

Term

Loan

Q,

(TSFR1M

+

3.250%)

7

.974

01/31/29

124,328

TOTAL

MEDIA

&

ENTERTAINMENT

124,328

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0.6%

581,729

(e)

Jazz

Financing

Lux

S.a.r.l.,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.250%)

6

.823

05/05/28

585,260

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

585,260

Portfolio

of

Investments

November

30,

2024

(continued)

Credit

Income

8

Investments

in

Derivatives

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.3%

$

261,146

(e)

Cushman

&

Wakefield

U.S.

Borrower,

LLC,

Term

Loan

B,

(TSFR1M

+

3.000%)

7

.573

%

01/31/30

$

263,431

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

263,431

SOFTWARE

&

SERVICES

-

1.0%

174,125

(e)

Cotiviti

Corporation,

Term

Loan,

(TSFR1M

+

3.000%)

7

.672

04/30/31

175,050

750,000

(e)

Fortress

Intermediate

3,

Inc,

Term

Loan

B,

(TSFR1M

+

3.500%)

8

.073

05/08/31

752,580

TOTAL

SOFTWARE

&

SERVICES

927,630

UTILITIES

-

0.8%

703,021

(e)

Talen

Energy

Supply,

LLC,

Term

Loan

B,

(TSFR3M

+

3.500%)

8

.023

05/17/30

708,343

70,420

(e)

Talen

Energy

Supply,

LLC,

Term

Loan

C,

(TSFR3M

+

3.500%)

8

.023

05/17/30

70,953

TOTAL

UTILITIES

779,296

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$7,424,848)

7,501,416

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$91,681,080)

91,581,231

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

8.5%

8,045,582

(i)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.630

(j)

8,045,582

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$8,045,582)

8,045,582

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 2.2%

2,075,000

REPURCHASE

AGREEMENTS

-

2

.2

%

2,075,000

2,075,000

(k)

Fixed

Income

Clearing

Corporation

4

.550

12/02/24

2,075,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$2,075,000)

2,075,000

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$2,075,000)

2,075,000

TOTAL

INVESTMENTS

-

107

.6

%

(Cost

$

101,801,662

)

101,701,813

OTHER

ASSETS

&

LIABILITIES,

NET

-  (7.6)%

(

7,149,604

)

NET

ASSETS

-

100%

$

94,552,209

Futures

Contracts

-

Long

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

5-Year

Note

58

3/25

$

6,214,267

$

6,240,891

$

26,624

9

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

The

following

is

a

reconciliation

of

the

Fund’s

Level

3

investments

held

at

the

beginning

and

end

of

the

measurement

period:

The

valuation

techniques

and

significant

unobservable

inputs

used

in

recurring

Level

3

fair

value

measurements

of

assets

as

of

the

end

of

the

report-

ing

period,

were

as

follows:

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

$1,000

Par

(or

similar)

Institutional

Preferred

$

–

$

4,116,868

$

–

$

4,116,868

$25

Par

(or

similar)

Retail

Preferred

168,938

–

–

168,938

Asset-Backed

Securities

–

5,289,118

1,921,187

7,210,305

Common

Stocks

–

–

89

89

Contingent

Capital

Securities

–

2,207,360

–

2,207,360

Corporate

Bonds

–

57,631,099

–

57,631,099

Mortgage-Backed

Securities

–

9,546,907

–

9,546,907

Sovereign

Debt

–

3,198,249

–

3,198,249

Variable

Rate

Senior

Loan

Interests

–

7,501,416

–

7,501,416

Investments

Purchased

with

Collateral

from

Securities

Lending

8,045,582

–

–

8,045,582

Short-Term

Investments:

Repurchase

Agreements

–

2,075,000

–

2,075,000

Investments

in

Derivatives:

Futures

Contracts*

26,624

–

–

26,624

Total

$

8,241,144

$

91,566,017

$

1,921,276

$

101,728,437

*

Represents

net

unrealized

appreciation

(depreciation).

Level

3

Credit

Income

Common

Stocks

Asset-Backed

and

Mortgage-Backed

Securities

Balance

at

the

beginning

of

period

$89

$2,035,888

Gains

(losses):

Net

realized

gains

(losses)

-

-

Change

in

net

unrealized

appreciation

(depreciation)

-

(79,807)

Purchases

at

cost

-

-

Sales

at

proceeds

-

-

Net

discounts

(premiums)

-

(34,894)

Transfers

into

-

-

Transfers

(out

of)

-

-

Balance

at

the

end

of

period

89

1,921,187

Change

in

net

unrealized

appreciation

(depreciation)

during

the

period

of

Level

3

securities

held

as

of

period

end

-

(79,807)

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

Credit

Income

Asset-Backed

Securities

$1,921,187

Indicative

Trade

Broker

Quote

$87.28

N/A

Common

Stocks

89

Enterprise

Value

Priced

at

Placeholder

Value

$0.01

N/A

Total

$1,921,276

Portfolio

of

Investments

November

30,

2024

(continued)

Credit

Income

10

(a)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$7,683,053.

(b)

Perpetual

security.

Maturity

date

is

not

applicable.

(c)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$74,685,133

or

73.4%

of

Total

Investments.

(d)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(e)

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(f)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(g)

Contingent

Capital

Securities

(“CoCos”)

are

hybrid

securities

with

loss

absorption

characteristics

built

into

the

terms

of

the

security

for

the

benefit

of

the

issuer.

For

example,

the

terms

may

specify

an

automatic

write-down

of

principal

or

a

mandatory

conversion

into

the

issuer’s

common

stock

under

certain

adverse

circumstances,

such

as

the

issuer’s

capital

ratio

falling

below

a

specified

level.

(h)

When-issued

or

delayed

delivery

security.

(i)

Investments

made

with

cash

collateral

received

from

securities

on

loan.

(j)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(k)

Agreement

with

Fixed

Income

Clearing

Corporation,

4.550%

dated

11/29/24

to

be

repurchased

at

$2,075,787

on

12/2/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.375%

and

maturity

date

8/15/43,

valued

at

$2,116,501.

LIBOR

London

Inter-Bank

Offered

Rate

M

Month

PIK

Payment-in-kind

(“PIK”)

security.  Depending

on

the

terms

of

the

security,

income

may

be

received

in

the

form

of

cash,

securities,

or

a

combination

of

both.  The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

of

the

last

PIK

payment

made

by

the

issuer

as

of

the

end

of

the

reporting

period.

Reg

S

Regulation

S

allows

U.S.

companies

to

sell

securities

to

persons

or

entities

located

outside

of

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

S

provides

a

safe

harbor

from

the

registration

requirements

of

the

Securities

Act

for

the

offers

and

sales

of

securities

by

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

SOFR

30A

30

Day

Average

Secured

Overnight

Financing

Rate

TSFR

1M

CME

Term

Secured

Overnight

Financing

Rate

1

Month

TSFR

3M

CME

Term

Secured

Overnight

Financing

Rate

3

Month

11

Portfolio

of

Investments

November

30,

2024

Strategic

Income

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

97.8%

64894450

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

-

6.6%

64894450

AUTOMOBILES

&

COMPONENTS

-

0.2%

$

1,735,000

(a),(b)

General

Motors

Financial

Co

Inc

5.700

%

N/A

$

1,690,044

TOTAL

AUTOMOBILES

&

COMPONENTS

1,690,044

BANKS

-

2.1%

1,500,000

(b)

Bank

of

America

Corp

6.125

N/A

1,532,991

1,685,000

(b)

Citigroup

Inc

7.625

N/A

1,784,299

2,000,000

(b)

CoBank

ACB

6.250

N/A

1,997,372

1,560,000

(b)

Huntington

Bancshares

Inc/OH

5.625

N/A

1,544,242

2,450,000

(b)

JPMorgan

Chase

&

Co

3.650

N/A

2,382,167

2,000,000

(b)

JPMorgan

Chase

&

Co

6.875

N/A

2,111,932

2,000,000

(b)

PNC

Financial

Services

Group

Inc/The

3.400

N/A

1,873,208

2,000,000

(b)

Truist

Financial

Corp

6.669

N/A

1,992,022

1,415,000

(b)

Truist

Financial

Corp

5.100

N/A

1,360,795

2,900,000

(b)

Wells

Fargo

&

Co

3.900

N/A

2,821,444

1,440,000

(a),(b)

Wells

Fargo

&

Co

7.625

N/A

1,533,707

TOTAL

BANKS

20,934,179

ENERGY

-

0.6%

1,400,000

(b)

Energy

Transfer

LP

6.500

N/A

1,400,644

1,993,000

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.500

03/01/55

2,085,850

2,000,000

(b),(c)

Venture

Global

LNG

Inc

9.000

N/A

2,072,608

TOTAL

ENERGY

5,559,102

FINANCIAL

SERVICES

-

1.0%

1,354,000

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

6.950

03/10/55

1,404,000

2,050,000

(b)

Charles

Schwab

Corp/The

5.375

N/A

2,042,341

1,955,000

(b)

Goldman

Sachs

Group

Inc/The

7.500

N/A

2,092,679

2,000,000

(b)

Goldman

Sachs

Group

Inc/The

3.800

N/A

1,916,347

1,970,000

(b)

State

Street

Corp

6.700

N/A

2,022,118

1,000,000

(b)

Voya

Financial

Inc

7.758

N/A

1,065,460

TOTAL

FINANCIAL

SERVICES

10,542,945

FOOD,

BEVERAGE

&

TOBACCO

-

0.3%

2,730,000

(b),(c)

Land

O'

Lakes

Inc

8.000

N/A

2,542,294

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

2,542,294

INSURANCE

-

0.9%

2,835,000

AXIS

Specialty

Finance

LLC

4.900

01/15/40

2,705,588

1,485,000

Enstar

Finance

LLC

5.500

01/15/42

1,411,666

1,000,000

(c)

Hanwha

Life

Insurance

Co

Ltd

3.379

02/04/32

962,386

1,500,000

Prudential

Financial

Inc

6.000

09/01/52

1,517,940

1,900,000

Prudential

Financial

Inc

6.500

03/15/54

1,962,347

TOTAL

INSURANCE

8,559,927

MEDIA

&

ENTERTAINMENT

-

0.2%

2,185,000

Paramount

Global

6.375

03/30/62

2,107,241

TOTAL

MEDIA

&

ENTERTAINMENT

2,107,241

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.2%

2,225,000

(c)

EUSHI

Finance

Inc

7.625

12/15/54

2,300,552

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

2,300,552

TELECOMMUNICATION

SERVICES

-

0.2%

1,000,000

(b),(c)

Network

i2i

Ltd

3.975

N/A

972,001

800,000

(b),(c)

Network

i2i

Ltd

5.650

N/A

790,789

TOTAL

TELECOMMUNICATION

SERVICES

1,762,790

UTILITIES

-

0.9%

2,000,000

Dominion

Energy

Inc

7.000

06/01/54

2,119,478

1,500,000

(b)

Edison

International

5.000

N/A

1,465,625

2,035,000

(b)

Sempra

4.875

N/A

2,016,338

1,500,000

Southern

Co/The

4.000

01/15/51

1,471,135

1,700,000

(b),(c)

Vistra

Corp

8.875

N/A

1,822,800

TOTAL

UTILITIES

8,895,376

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(Cost

$65,062,483)

64,894,450

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

12

SHARES

DESCRIPTION

RATE

VALUE

752,696

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

-

0.1%

752,696

FINANCIAL

SERVICES

-

0.1%

28,850

Morgan

Stanley

6.500

$

752,696

TOTAL

FINANCIAL

SERVICES

752,696

TOTAL

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

(Cost

$721,250)

752,696

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ASSET-BACKED

SECURITIES

-

14.5%

–

$

1,062,821

(c)

Aaset

2021-2

Trust,

2021

2A

2.798

01/15/47

971,455

600,000

(c),(d)

ACRE

Commercial

Mortgage

2021-FL4

Ltd,

(TSFR1M

+

2.714%),

2021

FL4

7.325

12/18/37

576,741

2,000,000

(c)

Adams

Outdoor

Advertising

LP,

2023

1

6.967

07/15/53

2,083,843

1,900,000

(c)

Affirm

Asset

Securitization

Trust

2024-B,

2024

B

5.500

09/15/29

1,885,423

2,200,000

(c)

Affirm

Asset

Securitization

Trust

2024-B,

2024

B

5.060

09/15/29

2,177,268

875,427

(c)

Alterna

Funding

III

LLC,

2024

1A

6.260

05/16/39

886,292

893,602

(c)

Alterna

Funding

III

LLC,

2024

1A

7.136

05/16/39

903,394

537,384

(d)

Ameriquest

Mortgage

Securities

Inc

Asset

Back

Ser

2004-R1,

(TSFR1M

+

0.714%),

2004

R1

2.788

02/25/34

524,319

850,000

(c)

Avis

Budget

Rental

Car

Funding

AESOP

LLC,

2021

1A

2.130

08/20/27

804,168

2,400,000

(c)

Blue

Stream

Issuer

LLC,

2024

1A

5.408

11/20/54

2,407,802

2,425,000

(c)

Bojangles

Issuer

LLC,

2024

1A

6.584

11/20/54

2,418,344

3,250,000

(c)

Brex

Commercial

Charge

Card

Master

Trust,

2024

1

6.680

07/15/27

3,272,359

244,277

(c)

British

Airways

2020-1

Class

B

Pass

Through

Trust,

2020

A

8.375

11/15/28

253,343

1,470,625

(c)

Cars

Net

Lease

Mortgage

Notes

Series

2020-1,

2020

1A

3

.100

12/15/50

1,362,332

1,250,000

(c)

Cars

Net

Lease

Mortgage

Notes

Series

2020-1,

2020

1A

4.690

12/15/50

1,137,304

1,150,000

(c)

CARS-DB4

LP,

2020

1A

4.520

02/15/50

1,091,437

629,047

(c)

CARS-DB5

LP,

2021

1A

1.920

08/15/51

590,651

528,306

Carvana

Auto

Receivables

Trust

2021-N4,

2021

N4

2.300

09/11/28

511,068

5,000,000

(c)

Carvana

Auto

Receivables

Trust

2024-N3,

2024

N3

4.900

12/10/30

4,951,842

2,240,000

(c)

Centersquare

Issuer

LLC,

2024

1A

5.200

10/26/54

2,139,736

2,760,000

(c)

Centersquare

Issuer

LLC,

2024

1A

5.600

10/26/54

2,597,139

674,589

(c)

CF

Hippolyta

Issuer

LLC,

2020

1

2.600

07/15/60

581,394

1,349,178

(c)

CF

Hippolyta

Issuer

LLC,

2020

1

2.280

07/15/60

1,299,628

2,125,000

(c),(d)

CIFC

Funding

2020-I

Ltd,

(TSFR3M

+

3.362%),

2020

1A

8.018

07/15/36

2,137,187

1,760,000

(c),(d)

CIFC

Funding

2020-II

Ltd,

(TSFR3M

+

3.312%),

2020

2A

7.929

10/20/34

1,768,078

385,000

(c),(d)

CIFC

Funding

2020-II

Ltd,

(LIBOR

3

M

+

6.762%),

2020

2A

11.379

10/20/34

388,184

2,500,000

(c),(d)

CIFC

Funding

2022-IV

Ltd,

(SOFR

+

3.550%),

2022

4A

8.197

07/16/35

2,517,285

2,410,000

(c)

Cologix

Data

Centers

US

Issuer

LLC,

2021

1A

3

.300

12/26/51

2,280,164

2,000,000

(c)

Concord

Music

Royalties

LLC,

2022

1A

6.500

01/20/73

2,015,339

1,000,000

(c)

Concord

Music

Royalties

LLC,

2024

1A

0.000

10/20/74

989,814

3,000,000

(c)

Crescendo

Royalty

Funding

LP,

2021

1

3

.567

12/20/51

2,869,421

1,000,000

(c)

CyrusOne

Data

Centers

Issuer

I

LLC,

2023

2A

5.560

11/20/48

1,001,110

1,567,776

(c)

CyrusOne

Data

Centers

Issuer

I

LLC,

2023

1A

5.450

04/20/48

1,537,399

626,297

(c)

DB

Master

Finance

LLC,

2019

1A

4.021

05/20/49

616,115

1,164,000

(c)

DB

Master

Finance

LLC,

2021

1A

2.493

11/20/51

1,058,088

1,164,000

(c)

DB

Master

Finance

LLC,

2021

1A

2.045

11/20/51

1,099,316

97,709

(c)

Diamond

Resorts

Owner

Trust

2021-1,

2021

1A

2.700

11/21/33

95,099

97,709

(c)

Diamond

Resorts

Owner

Trust

2021-1,

2021

1A

3.830

11/21/33

94,858

972,500

(c)

Domino's

Pizza

Master

Issuer

LLC,

2021

1A

2.662

04/25/51

886,988

1,440,000

(c)

Domino's

Pizza

Master

Issuer

LLC,

2019

1A

3.668

10/25/49

1,346,185

2,500,000

Drive

Auto

Receivables

Trust

2024-2,

2024

2

4.670

05/17/32

2,482,682

1,300,000

(c),(d)

Elmwood

CLO

20

Ltd,

(TSFR3M

+

3.650%),

2022

7A

8.297

01/17/37

1,326,932

1,500,000

(c),(d)

Elmwood

CLO

26

Ltd,

(TSFR3M

+

3.600%),

2024

1A

8.232

04/18/37

1,538,467

2,800,538

(c)

EWC

Master

Issuer

LLC,

2022

1A

5.500

03/15/52

2,727,323

2,350,000

Exeter

Automobile

Receivables

Trust

2024-5,

2024

5A

4.640

01/15/30

2,333,987

2,000,000

(c)

Frontier

Issuer

LLC,

2023

1

6.600

08/20/53

2,039,230

1,000,000

(c)

Frontier

Issuer

LLC,

2023

1

8.300

08/20/53

1,038,947

1,000,000

(c)

Frontier

Issuer

LLC,

2023

1

11.500

08/20/53

1,066,269

2,000,000

(c),(d)

GRACIE

POINT

INTERNATIONAL

FUNDING

2023-2,

(SOFR90A

+

5.400%),

2023

2A

10.331

03/01/27

2,027,322

2,887,500

(c)

Hardee's

Funding

LLC,

2020

1A

3.981

12/20/50

2,711,997

1,000,000

(c)

Hertz

Vehicle

Financing

III

LLC,

2024

1A

6.120

01/25/29

1,006,177

13

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ASSET-BACKED

SECURITIES

(continued)

$

1,500,000

(c)

Hertz

Vehicle

Financing

III

LLC,

2024

2A

6.210

01/27/31

$

1,506,517

125,000

(c)

Hertz

Vehicle

Financing

LLC,

2021

1A

2.050

12/26/25

124,606

1,150,000

(c)

HI-FI

Music

IP

Issuer

LP,

2022

1A

3.939

02/01/62

1,106,201

248,075

(c)

Hilton

Grand

Vacations

Trust

2019-A,

2019

AA

2.840

07/25/33

241,288

1,395,656

(c)

Horizon

Aircraft

Finance

II

Ltd,

2019

1

3.721

07/15/39

1,325,873

661,765

(c)

Horizon

Aircraft

Finance

III

Ltd,

2019

2

3.425

11/15/39

615,043

1,000,000

(c)

Hotwire

Funding

LLC,

2024

1A

6.672

06/20/54

1,014,453

1,100,000

(c)

Hotwire

Funding

LLC,

2021

1

2.658

11/20/51

1,032,829

1,025,000

(c)

Hpefs

Equipment

Trust

2022-2,

2022

2A

4.940

03/20/30

1,024,026

1,250,000

(c),(e)

Industrial

DPR

Funding

Ltd,

2022

1A

5.380

04/15/34

1,091,000

1,969,129

(c)

Jonah

Energy

Abs

I

LLC,

2022

1

7.200

11/20/37

1,976,053

1,352,016

(c)

Lunar

2021-1

Structured

Aircraft

Portfolio

Notes,

2021

1

5

.682

10/15/46

1,255,205

1,998,928

(c)

LUNAR

AIRCRAFT

2020-1

LTD,

2020

1A

3.376

02/15/45

1,914,374

4,000,000

(c)

Lyra

Music

Assets

Delaware

LP,

2024

2A

5.760

12/22/64

3,927,549

1,500,000

(c),(d)

Madison

Park

Funding

XXXVI

Ltd,

(TSFR3M

+

3.500%),

2019

36A

5.981

04/15/35

1,509,545

62,748

(c)

MAPS

2018-1

Ltd,

2018

1A

4.212

05/15/43

61,970

135,744

(c)

MAPS

2021-1

Trust,

2021

1A

2.521

06/15/46

125,365

1,000,000

(c)

Mercury

Financial

Credit

Card

Master

Trust,

2023

1A

8.040

09/20/27

1,001,672

1,000,000

(c)

Mercury

Financial

Credit

Card

Master

Trust,

2023

1A

9.590

09/20/27

1,003,693

2,000,000

(c)

MetroNet

Infrastructure

Issuer

LLC,

2022

1A

6.350

10/20/52

2,038,669

1,000,000

(c)

MetroNet

Infrastructure

Issuer

LLC,

2023

1A

8.010

04/20/53

1,040,058

335,155

(c)

MVW

2019-2

LLC,

2019

2A

2.680

10/20/38

324,208

128,799

(c)

MVW

2021-1W

LLC

1.940

01/22/41

121,945

242,119

(c)

MVW

Owner

Trust

2019-1,

2019

1A

3.330

11/20/36

238,422

660,000

(c),(d)

Neuberger

Berman

Loan

Advisers

Clo

40

Ltd,

(TSFR3M

+

6.112%),

2021

40A

10.759

04/16/33

664,300

1,625,000

(c),(d)

Neuberger

Berman

Loan

Advisers

CLO

48

Ltd,

(TSFR3M

+

0.032%),

2022

48A

7.826

04/25/36

1,635,141

1,000,000

(c)

Oak

Street

Investment

Grade

Net

Lease

Fund

Series

2021-1,

2021

1A

4.230

01/20/51

939,278

2,175,000

(c),(d)

OHA

Credit

Funding

4

Ltd,

(TSFR3M

+

3.462%),

2019

4A

4.336

10/22/36

2,175,109

86,162

(c)

Oportun

Funding

XIV

LLC,

2021

A

5.400

03/08/28

84,414

86,162

(c)

Oportun

Funding

XIV

LLC,

2021

A

3.440

03/08/28

84,728

328,689

(c)

Oportun

Issuance

Trust

2021-C,

2021

C

5.570

10/08/31

315,631

579,432

(c)

Oportun

Issuance

Trust

2021-C,

2021

C

3.610

10/08/31

563,151

1,000,000

(c),(d)

Palmer

Square

CLO

2021-3

Ltd,

(TSFR3M

+

3.212%),

2021

3A

5.462

01/15/35

1,006,079

2,500,000

(c),(d)

Palmer

Square

CLO

2022-1

Ltd,

(TSFR3M

+

3.050%),

2022

1A

7.667

04/20/35

2,519,672

2,000,000

(c),(d)

Palmer

Square

CLO

2023-1

Ltd,

(TSFR3M

+

5.300%),

2023

1A

9.917

01/20/36

2,015,802

985,782

(c)

Purewest

Funding

LLC,

2021

1

4.091

12/22/36

966,447

1,970,800

(c)

Sesac

Finance

LLC,

2019

1

5.216

07/25/49

1,950,287

76,162

(c)

Sierra

Timeshare

2021-1

Receivables

Funding

LLC,

2021

1A

1.790

11/20/37

73,469

1,847,975

(c)

Sonic

Capital

LLC,

2020

1A

3.845

01/20/50

1,783,409

1,000,000

(c)

Sotheby's

Artfi

Master

Trust,

2024

1A

7.910

12/22/31

1,016,879

791,044

(c)

Start

II

LTD,

2019

1

5.095

03/15/44

751,650

1,500,000

(c)

Subway

Funding

LLC,

2024

1A

6.028

07/30/54

1,523,867

2,583,975

(c)

Taco

Bell

Funding

LLC,

2021

1A

2.294

08/25/51

2,305,474

1,500,000

(c),(d)

TCW

CLO

2021-2

Ltd,

(LIBOR

3

M

+

7.122%),

2021

2A

6.985

07/25/34

1,503,975

3,000,000

(c)

VB-S1

Issuer

LLC

-

VBTEL,

2022

1A

4.288

02/15/52

2,867,615

2,155,000

(c)

VB-S1

Issuer

LLC

-

VBTEL,

2022

1A

3.156

02/15/52

2,034,852

641,420

(c)

Vivint

Solar

Financing

V

LLC,

2018

1A

7.370

04/30/48

596,404

2,224,772

(c)

VR

Funding

LLC,

2020

1A

2.790

11/15/50

2,039,921

149,456

(c)

VR

Funding

LLC,

2020

1A

6.420

11/15/50

140,239

1,398,567

(c)

Wendy's

Funding

LLC,

2018

1A

3.884

03/15/48

1,343,669

841,408

(c)

Wendy's

Funding

LLC,

2021

1A

2.370

06/15/51

753,557

867,748

(c)

Willis

Engine

Structured

Trust

VI,

2021

A

3.104

05/15/46

777,394

1,310,417

(c)

Willis

Engine

Structured

Trust

VII,

2023

A

8.000

10/15/48

1,375,622

532,125

(c)

Zaxbys

Funding

LLC,

2021

1A

3.238

07/30/51

485,719

1,000,000

(c)

Ziply

Fiber

Issuer

LLC,

2024

1A

7.810

04/20/54

1,034,067

1,000,000

(c)

Ziply

Fiber

Issuer

LLC,

2024

1A

11.170

04/20/54

1,082,240

TOTAL

ASSET-BACKED

SECURITIES

(Cost

$143,614,298)

142,457,870

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

14

PRINCIPAL

DESCRIPTION(f)

RATE

MATURITY

VALUE

26963932

CONTINGENT

CAPITAL

SECURITIES

-

2.8%

26963932

BANKS

-

2.3%

$

1,600,000

(b)

Banco

Bilbao

Vizcaya

Argentaria

SA

9.375

N/A

$

1,741,910

200,000

(a),(b),(c)

Banco

de

Credito

e

Inversiones

SA

8

.750

N/A

210,246

500,000

(b),(c)

Banco

del

Estado

de

Chile

7.950

N/A

522,648

1,050,000

(b),(c)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

7.500

N/A

1,020,027

500,000

(b),(c)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

8.375

N/A

497,998

2,000,000

(b)

Banco

Santander

SA

8.000

N/A

2,063,160

2,200,000

(b)

Banco

Santander

SA

9.625

N/A

2,523,756

700,000

(b),(c)

Bangkok

Bank

PCL/Hong

Kong

5.000

N/A

692,335

1,000,000

(c)

Bank

Hapoalim

BM,

Reg

S

3.255

01/21/32

940,564

1,340,000

(b)

Barclays

PLC

8.000

N/A

1,390,462

1,000,000

(c)

BBVA

Bancomer

SA/Texas

8.450

06/29/38

1,047,028

1,500,000

(b),(c)

BNP

Paribas

SA

9.250

N/A

1,612,308

2,000,000

(b),(c)

Macquarie

Bank

Ltd/London

6.125

N/A

2,009,978

1,700,000

(c)

Mizrahi

Tefahot

Bank

Ltd,

Reg

S

3.077

04/07/31

1,622,225

3,000,000

(a),(b)

NatWest

Group

PLC

8.125

N/A

3,186,786

TOTAL

BANKS

21,081,431

FINANCIAL

SERVICES

-

0.5%

1,505,000

(b)

Deutsche

Bank

AG

6.000

N/A

1,474,863

2,000,000

(b)

Deutsche

Bank

AG

7.500

N/A

1,990,159

1,060,000

(b),(c)

UBS

Group

AG

9.250

N/A

1,218,552

1,100,000

(b),(c)

UBS

Group

AG

9.250

N/A

1,198,927

TOTAL

FINANCIAL

SERVICES

5,882,501

TOTAL

CONTINGENT

CAPITAL

SECURITIES

(Cost

$26,447,202)

26,963,932

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

185024947

CORPORATE

BONDS

-

18.9%

185024947

AUTOMOBILES

&

COMPONENTS

-

0.2%

1,575,000

General

Motors

Financial

Co

Inc

4.900

10/06/29

1,568,801

TOTAL

AUTOMOBILES

&

COMPONENTS

1,568,801

BANKS

-

2.2%

375,000

(c)

African

Export-Import

Bank/The

2.634

05/17/26

357,188

1,000,000

(c)

Akbank

TAS

6.800

02/06/26

1,015,000

375,000

(c)

Akbank

TAS

7.498

01/20/30

381,700

500,000

(a),(c)

Banco

do

Brasil

SA/Cayman

6.000

03/18/31

499,219

1,050,000

(c)

Banco

Nacional

de

Comercio

Exterior

SNC/Cayman

Islands

2.720

08/11/31

955,441

500,000

(c)

Bangkok

Bank

PCL/Hong

Kong

3.466

09/23/36

436,018

3,475,000

Bank

of

America

Corp

5.819

09/15/29

3,597,843

2,715,000

Bank

of

America

Corp

5.518

10/25/35

2,727,452

1,035,000

(c)

Banque

Ouest

Africaine

de

Developpement

4.700

10/22/31

940,391

1,850,000

Citibank

NA

5.570

04/30/34

1,925,915

375,000

(c)

Grupo

Aval

Ltd

4.375

02/04/30

329,903

1,540,000

JPMorgan

Chase

&

Co

4.946

10/22/35

1,527,421

1,250,000

JPMorgan

Chase

&

Co

2.595

02/24/26

1,243,402

1,125,000

JPMorgan

Chase

&

Co

4.505

10/22/28

1,118,466

1,950,000

(c)

NatWest

Markets

PLC

5.410

05/17/29

1,996,928

500,000

(c)

Turkiye

Garanti

Bankasi

AS

7.177

05/24/27

504,564

1,470,000

(g)

Wells

Fargo

&

Co

5.211

12/03/35

1,476,448

TOTAL

BANKS

21,033,299

CAPITAL

GOODS

-

1.0%

1,825,000

(c)

Albion

Financing

2

Sarl

8.750

04/15/27

1,857,759

1,500,000

Boeing

Co/The

4.875

05/01/25

1,498,221

1,975,000

Boeing

Co/The

5.805

05/01/50

1,888,400

1,125,000

Honeywell

International

Inc

5.000

03/01/35

1,134,685

1,500,000

(c)

IHS

Holding

Ltd

7.875

05/29/30

1,474,921

1,275,000

(c)

Sisecam

UK

PLC

8.625

05/02/32

1,287,681

900,000

(c)

Sociedad

Quimica

y

Minera

de

Chile

SA

6.500

11/07/33

938,241

TOTAL

CAPITAL

GOODS

10,079,908

15

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0.2%

$

1,800,000

Waste

Management

Inc

4.950

03/15/35

$

1,803,117

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

1,803,117

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

0.5%

1,125,000

Lowe's

Cos

Inc

4

.250

04/01/52

923,198

2,000,000

(c)

Michaels

Cos

Inc/The

7.875

05/01/29

1,070,581

1,125,000

(c)

Michaels

Cos

Inc/The

5.250

05/01/28

815,773

725,000

(c)

Prosus

NV

3.680

01/21/30

662,678

1,000,000

(c)

Staples

Inc

10.750

09/01/29

985,931

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

4,458,161

CONSUMER

DURABLES

&

APPAREL

-

0.2%

1,000,000

(c)

CD&R

Smokey

Buyer

Inc

9.500

10/15/29

1,008,001

1,200,000

(c)

S&S

Holdings

LLC

8.375

10/01/31

1,214,846

TOTAL

CONSUMER

DURABLES

&

APPAREL

2,222,847

CONSUMER

SERVICES

-

0.2%

1,250,000

Piedmont

Operating

Partnership

LP

9.250

07/20/28

1,379,733

1,135,000

(a)

Sands

China

Ltd

3.250

08/08/31

974,587

TOTAL

CONSUMER

SERVICES

2,354,320

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

0.3%

1,500,000

Kroger

Co/The

4.600

08/15/27

1,506,595

1,300,000

Kroger

Co/The

5.500

09/15/54

1,288,693

490,000

(a)

Walgreens

Boots

Alliance

Inc

8.125

08/15/29

493,394

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

3,288,682

ENERGY

-

2.5%

2,750,000

Cheniere

Energy

Partners

LP

4.500

10/01/29

2,677,238

500,000

(c)

Coronado

Finance

Pty

Ltd

9.250

10/01/29

514,858

800,000

(c)

Cosan

Luxembourg

SA

5.500

09/20/29

764,321

1,050,000

(c)

DT

Midstream

Inc

4.375

06/15/31

976,649

100,000

Ecopetrol

SA

5.875

05/28/45

71,361

575,000

Ecopetrol

SA

6.875

04/29/30

565,095

450,000

Ecopetrol

SA

4.625

11/02/31

377,474

1,000,000

Ecopetrol

SA

5.875

11/02/51

690,167

2,000,000

(c)

EIG

Pearl

Holdings

Sarl

3.545

08/31/36

1,736,368

300,000

(c)

Empresa

Nacional

del

Petroleo

6.150

05/10/33

304,411

900,000

(c)

Empresa

Nacional

del

Petroleo

3.450

09/16/31

777,456

826,000

(c)

Energean

Israel

Finance

Ltd,

Reg

S

5.375

03/30/28

767,339

1,700,000

(c)

Galaxy

Pipeline

Assets

Bidco

Ltd

2.625

03/31/36

1,411,539

1,125,000

Marathon

Petroleum

Corp

5.000

09/15/54

980,929

500,000

(c)

Medco

Laurel

Tree

Pte

Ltd

6.950

11/12/28

499,181

500,000

(c)

Medco

Maple

Tree

Pte

Ltd

8.960

04/27/29

526,359

500,000

(c)

Pertamina

Persero

PT

1.400

02/09/26

477,815

200,000

(c)

Petroleos

del

Peru

SA

4.750

06/19/32

152,378

559,000

Petroleos

Mexicanos

7.690

01/23/50

437,814

1,490,000

Petroleos

Mexicanos

6.700

02/16/32

1,320,297

100,000

Petroleos

Mexicanos

6.750

09/21/47

71,734

1,500,000

(c)

Raizen

Fuels

Finance

SA

5.700

01/17/35

1,443,510

1,400,000

(c)

SierraCol

Energy

Andina

LLC

6.000

06/15/28

1,294,014

1,400,000

Targa

Resources

Corp

5.500

02/15/35

1,420,685

1,000,000

(c)

Thaioil

Treasury

Center

Co

Ltd

2.500

06/18/30

864,331

1,780,000

Transcanada

Trust

5.500

09/15/79

1,715,818

1,150,000

(c)

US

LIQUIDSCO0

6.176

10/01/54

1,164,872

TOTAL

ENERGY

24,004,013

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

0.6%

1,025,000

Essential

Properties

LP

2.950

07/15/31

883,586

1,250,000

GLP

Capital

LP

/

GLP

Financing

II

Inc

5.250

06/01/25

1,248,987

2,050,000

Kite

Realty

Group

LP

4.000

10/01/26

2,014,832

2,000,000

(c)

Uniti

Group

LP

/

Uniti

Group

Finance

2019

Inc

/

CSL

Capital

LLC

10.500

02/15/28

2,124,788

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

6,272,193

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

16

PRINCIPAL

DESCRIPTION

VALUE

MATURITY

VALUE

FINANCIAL

SERVICES

-

1.2%

$

2,075,000

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

3.000

%

10/29/28

$

1,937,631

500,000

(c),(d)

Citrus

Re

Ltd

(3-Month

U.S.

Treasury

Bill

+

5.060%)

5.100

06/07/25

507,750

1,400,000

(c)

ENN

Clean

Energy

International

Investment

Ltd

3.375

05/12/26

1,362,596

500,000

(c),(d)

Hestia

Re

Ltd

(1-Month

U.S.

Treasury

Bill

+

10.080%)

14.567

04/22/25

472,750

2,000,000

Icahn

Enterprises

LP

/

Icahn

Enterprises

Finance

Corp

9.750

01/15/29

2,053,533

250,000

(c),(d)

Matterhorn

Re

Ltd

(SOFR

+

5.250%)

5.889

03/24/25

252,000

3,355,000

Morgan

Stanley

4.654

10/18/30

3,325,271

1,000,000

(c),(d)

Sanders

Re

Ltd

(3-Month

U.S.

Treasury

Bill

+

3.000%)

3.250

04/07/25

1,003,000

1,000,000

(c)

UBS

Group

AG

6.301

09/22/34

1,072,786

TOTAL

FINANCIAL

SERVICES

11,987,317

FOOD,

BEVERAGE

&

TOBACCO

-

1.0%

700,000

(c)

Anadolu

Efes

Biracilik

Ve

Malt

Sanayii

AS

3.375

06/29/28

621,026

875,000

Anheuser-Busch

InBev

Worldwide

Inc

5.000

06/15/34

890,940

975,000

Anheuser-Busch

InBev

Worldwide

Inc

4.350

06/01/40

903,071

1,200,000

(c)

Bimbo

Bakeries

USA

Inc

6.050

01/15/29

1,236,489

1,200,000

(c)

Cia

Cervecerias

Unidas

SA

3.350

01/19/32

1,027,422

2,250,000

Kellanova

3.250

04/01/26

2,211,108

1,000,000

Philip

Morris

International

Inc

4.750

11/01/31

993,086

1,350,000

(c)

Ulker

Biskuvi

Sanayi

AS

7.875

07/08/31

1,380,494

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

9,263,636

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0.6%

2,000,000

(c)

CHS/Community

Health

Systems

Inc

10.875

01/15/32

2,081,220

1,400,000

CVS

Health

Corp

5.050

03/25/48

1,240,840

1,510,000

(c)

Prime

Healthcare

Services

Inc

9.375

09/01/29

1,533,695

1,250,000

UnitedHealth

Group

Inc

5.000

04/15/34

1,255,710

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

6,111,465

INSURANCE

-

0.8%

1,600,000

(c)

Allianz

SE

6.350

09/06/53

1,676,797

1,655,000

(c)

Ardonagh

Group

Finance

Ltd

8.875

02/15/32

1,704,192

500,000

(c),(d)

Bonanza

RE

Ltd2020

A

(3-Month

U.S.

Treasury

Bill

+

4.930%)

9.412

12/23/24

499,000

250,000

(c),(d)

Bonanza

RE

Ltd

(3-Month

U.S.

Treasury

Bill

+

5.620%)

10.110

03/16/25

249,500

1,000,000

Reinsurance

Group

of

America

Inc

5.750

09/15/34

1,027,697

550,000

(c),(d)

Residential

Reinsurance

2020

Ltd2020

A

(3-Month

U.S.

Treasury

Bill

+

0.500%)

6.510

12/06/24

548,350

500,000

(c),(d)

Vitality

Re

XII

Ltd2020

A

(3-Month

U.S.

Treasury

Bill

+

2.250%)

2.250

01/07/25

499,000

1,000,000

(c),(d)

Vitality

Re

XIV

Ltd

(3-Month

U.S.

Treasury

Bill

+

3.500%)

7

.982

01/05/27

1,013,200

1,000,000

(c),(d)

Vitality

Re

XV

Ltd

(3-Month

U.S.

Treasury

Bill

+

2.500%)

6.990

01/07/28

998,800

TOTAL

INSURANCE

8,216,536

MATERIALS

-

1.5%

1,700,000

(c)

Alpek

SAB

de

CV

4.250

09/18/29

1,578,496

2,000,000

Amcor

Finance

USA

Inc

3.625

04/28/26

1,966,524

1,000,000

AngloGold

Ashanti

Holdings

PLC

3.750

10/01/30

908,849

875,000

(b),(c)

Cemex

SAB

de

CV

9.125

N/A

933,581

325,000

(c)

Corp

Nacional

del

Cobre

de

Chile

6.440

01/26/36

338,088

1,120,000

(c)

Freeport

Indonesia

PT

5.315

04/14/32

1,114,125

710,000

(c)

Inversiones

CMPC

SA

6.125

06/23/33

725,684

525,000

(c)

LD

Celulose

International

GmbH

7.950

01/26/32

535,664

1,325,000

(c)

Mineral

Resources

Ltd

9

.250

10/01/28

1,387,836

585,000

(c)

Navoi

Mining

&

Metallurgical

Combinat

6.700

10/17/28

589,270

225,000

(c)

Nexa

Resources

SA

6.750

04/09/34

233,017

1,025,000

(c)

OCP

SA

3.750

06/23/31

890,379

1,325,000

(c)

Orbia

Advance

Corp

SAB

de

CV

1.875

05/11/26

1,254,921

1,500,000

Suzano

Austria

GmbH

3.125

01/15/32

1,272,473

900,000

(c)

UltraTech

Cement

Ltd

2.800

02/16/31

789,668

TOTAL

MATERIALS

14,518,575

MEDIA

&

ENTERTAINMENT

-

0.8%

850,000

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

3.900

06/01/52

578,335

1,550,000

Comcast

Corp

2.800

01/15/51

987,074

2,000,000

(c)

CSC

Holdings

LLC

11.250

05/15/28

1,979,071

3,000,000

(c)

DISH

Network

Corp

11.750

11/15/27

3,187,260

17

PRINCIPAL

DESCRIPTION

VALUE

MATURITY

VALUE

MEDIA

&

ENTERTAINMENT

(continued)

$

1,150,000

Warnermedia

Holdings

Inc

5.141

%

03/15/52

$

924,434

TOTAL

MEDIA

&

ENTERTAINMENT

7,656,174

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0.4%

850,000

AbbVie

Inc

5.400

03/15/54

862,577

1,000,000

Amgen

Inc

5.650

03/02/53

1,019,998

1,275,000

Pfizer

Investment

Enterprises

Pte

Ltd

5.300

05/19/53

1,260,403

670,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

8.125

09/15/31

753,391

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

3,896,369

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.2%

2,000,000

(a),(c)

Anywhere

Real

Estate

Group

LLC

/

Anywhere

Co-Issuer

Corp

7.000

04/15/30

1,863,657

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

1,863,657

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0.1%

1,200,000

(c)

SK

Hynix

Inc

1.500

01/19/26

1,154,267

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

1,154,267

SOFTWARE

&

SERVICES

-

0.4%

2,075,000

(c)

Ahead

DB

Holdings

LLC

6.625

05/01/28

2,056,307

800,000

Oracle

Corp

5.375

09/27/54

777,128

1,000,000

(c)

Rocket

Software

Inc

9.000

11/28/28

1,038,847

TOTAL

SOFTWARE

&

SERVICES

3,872,282

TELECOMMUNICATION

SERVICES

-

1.4%

1,400,000

AT&T

Inc

3.500

09/15/53

1,000,414

1,225,000

AT&T

Inc

3.800

12/01/57

901,518

842,000

(c)

C&W

Senior

Finance

Ltd

6.875

09/15/27

835,286

775,000

(c)

CT

Trust

5.125

02/03/32

704,087

975,000

(c)

Empresa

Nacional

de

Telecomunicaciones

SA

3.050

09/14/32

813,199

1,000,000

(c)

Level

3

Financing

Inc

10.500

05/15/30

1,097,498

1,000,000

(c)

Level

3

Financing

Inc

10.500

04/15/29

1,118,758

1,000,000

(c)

Liberty

Costa

Rica

Senior

Secured

Finance

10.875

01/15/31

1,075,420

200,000

(c)

Sable

International

Finance

Ltd

7.125

10/15/32

200,382

300,000

(c)

Sitios

Latinoamerica

SAB

de

CV

6.000

11/25/29

302,097

1,375,000

(a),(c)

Sitios

Latinoamerica

SAB

de

CV

5.375

04/04/32

1,311,188

1,150,000

(c)

Windstream

Escrow

LLC

/

Windstream

Escrow

Finance

Corp

8.250

10/01/31

1,200,692

2,000,000

(c)

Zayo

Group

Holdings

Inc

4.000

03/01/27

1,885,913

1,230,000

(c)

Zegona

Finance

PLC

8.625

07/15/29

1,306,875

TOTAL

TELECOMMUNICATION

SERVICES

13,753,327

TRANSPORTATION

-

0.9%

500,000

(c)

Adani

Ports

&

Special

Economic

Zone

Ltd

3.100

02/02/31

390,600

1,205,217

American

Airlines

2021-1

Class

A

Pass

Through

Trust2021

2021

2.875

07/11/34

1,058,873

3,500,000

(a),(c)

Brightline

East

LLC

11.000

01/31/30

3,278,702

1,500,000

(c)

Grupo

Aeromexico

SAB

de

CV

8.250

11/15/29

1,491,600

975,000

(c)

Kingston

Airport

Revenue

Finance

Ltd

6.750

12/15/36

1,000,652

740,000

(c)

MISC

Capital

Two

Labuan

Ltd

3.750

04/06/27

720,116

1,000,000

(c)

Transnet

SOC

Ltd

8.250

02/06/28

1,023,080

TOTAL

TRANSPORTATION

8,963,623

UTILITIES

-

1.7%

1,189,247

(c)

Alfa

Desarrollo

SpA2021

1

4.550

09/27/51

908,416

900,000

Atmos

Energy

Corp

5.000

12/15/54

856,020

775,000

(c)

Comision

Federal

de

Electricidad

5.700

01/24/30

757,449

500,000

(c)

Continuum

Green

Energy

India

Pvt

/

Co-Issuers

7.500

06/26/33

511,547

1,225,000

Duke

Energy

Progress

LLC

5.350

03/15/53

1,227,839

800,000

(c)

Empresas

Publicas

de

Medellin

ESP

4.375

02/15/31

685,976

1,000,000

(c)

EnfraGen

Energia

Sur

SA

/

EnfraGen

Spain

SA

/

Prime

Energia

SpA

5.375

12/30/30

862,293

950,000

(c)

Eskom

Holdings

SOC

Ltd

6.350

08/10/28

947,101

1,125,000

(c)

Ferrellgas

LP

/

Ferrellgas

Finance

Corp

5.875

04/01/29

1,053,743

700,000

(c)

FIEMEX

Energia

-

Banco

Actinver

SA

Institucion

de

Banca

Multiple

7.250

01/31/41

699,055

1,625,000

Florida

Power

&

Light

Co

5.150

06/15/29

1,665,198

850,000

Interstate

Power

and

Light

Co

3.100

11/30/51

578,301

875,000

(c)

Israel

Electric

Corp

Ltd,

Reg

S

3.750

02/22/32

778,086

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

18

PRINCIPAL

DESCRIPTION

VALUE

MATURITY

VALUE

UTILITIES

(continued)

$

1,500,000

(c)

ReNew

Wind

Energy

AP2

/

ReNew

Power

Pvt

Ltd

other

9

Subsidiaries

4.500

%

07/14/28

$

1,388,431

707,933

(c)

Sweihan

PV

Power

Co

PJSC2022

1

3.625

01/31/49

593,378

565,425

(c)

UEP

Penonome

II

SA2020

1

6.500

10/01/38

508,882

2,600,000

Wisconsin

Power

and

Light

Co

5.375

03/30/34

2,660,663

TOTAL

UTILITIES

16,682,378

TOTAL

CORPORATE

BONDS

(Cost

$189,446,303)

185,024,947

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

1062379

EMERGING

MARKET

DEBT

AND

FOREIGN

CORPORATE

BONDS

-

0.1%

1062379

ISRAEL

-

0.1%

250,000

Israel

Government

International

Bond

5.375

03/12/29

252,723

600,000

Israel

Government

International

Bond

5.750

03/12/54

573,997

350,000

State

of

Israel

3.375

01/15/50

235,659

TOTAL

ISRAEL

1,062,379

TOTAL

EMERGING

MARKET

DEBT

AND

FOREIGN

CORPORATE

BONDS

(Cost

$1,070,902)

1,062,379

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

-

34.7%

–

2,500,000

(c),(d)

Alen

2021-ACEN

Mortgage

Trust,

(TSFR1M

+

4.114%),

2021

ACEN

8.724

04/15/34

1,212,249

321,024

(c)

Arroyo

Mortgage

Trust

2019-3,

2019

3

3.416

10/25/48

305,339

1,300,000

(c),(d)

Ashford

Hospitality

Trust

2018-KEYS,

(TSFR1M

+

2.147%),

2018

KEYS

6.757

06/15/35

1,285,833

1,813,812

(c),(d)

BAMLL

Commercial

Mortgage

Securities

Trust

2022-DKLX,

(TSFR1M

+

3.000%),

2022

DKLX

7.610

01/15/39

1,814,176

1,200,000

BANK,

2017

BNK5

4.190

06/15/60

1,138,214

700,000

BANK

2017-BNK8,

2017

BNK8

4.229

11/15/50

545,975

2,700,000

BANK

2019-BNK18,

2019

BN18

4.214

05/15/62

2,171,684

2,000,000

(c)

BANK

2019-BNK21,

2019

BN21

2.500

10/17/52

1,383,080

2,000,000

BANK5

2024-5YR5

6.539

02/15/29

2,078,019

3,925,000

(c)

BBCMS

Trust,

2015

SRCH

5.122

08/10/35

3,492,173

3,000,000

(c),(d)

BBCMS

Trust

2018-CBM,

(TSFR1M

+

1.488%),

2018

CBM

6.817

07/15/37

2,910,904

2,500,000

Benchmark

2019-B14

Mortgage

Trust,

2019

B14

3.897

12/15/62

1,926,218

1,000,000

(c)

Benchmark

2019-B14

Mortgage

Trust,

2019

B14

2.500

12/15/62

640,744

2,500,000

Benchmark

2019-B15

Mortgage

Trust,

2019

B15

3.836

12/15/72

1,952,220

1,500,000

(c)

Benchmark

2020-B18

Mortgage

Trust,

2020

B18

4.139

07/15/53

1,426,457

1,000,000

(c)

Benchmark

2020-IG2

Mortgage

Trust,

2020

IG2

2.791

09/15/48

841,516

1,000,000

(c)

Benchmark

2020-IG3

Mortgage

Trust,

2020

IG3

3.654

09/15/48

926,657

1,700,000

Benchmark

Mortgage

Trust,

2018

B2

4.447

02/15/51

1,469,338

1,500,000

Benchmark

Mortgage

Trust,

2019

B14

3.493

12/15/62

1,253,826

2,000,000

Benchmark

Mortgage

Trust

Series

-

2019

B12

(Class

C)

3.873

08/15/52

1,604,571

2,000,000

(c)

BPR

2023-STON

Mortgage

Trust,

2023

STON

7.871

12/05/39

2,046,940

1,250,000

(c),(d)

BX

Commercial

Mortgage

Trust

2019-IMC,

(TSFR1M

+

1.946%),

2019

IMC

6.555

04/15/34

1,231,010

2,000,000

(c),(d)

BX

Commercial

Mortgage

Trust

2024-BRBK,

(TSFR1M

+

4.874%),

2024

BRBK

9.484

10/15/41

2,001,635

1,500,000

(c),(d)

BX

Trust,

(TSFR1M

+

3.339%),

2023

DELC

7.948

05/15/38

1,516,607

705,000

CD

2016-CD1

Mortgage

Trust,

2016

CD1

3.631

08/10/49

498,175

1,440,000

CD

Mortgage

Trust,

2017

CD3

3.984

02/10/50

897,057

48,260

(c)

CF

2020-P1

Mortgage

Trust,

2020

P1

2.840

04/15/25

47,688

750,000

(c)

CF

2020-P1

Mortgage

Trust,

2020

P1

3.603

04/15/52

667,320

1,000,000

(c)

Citigroup

Commercial

Mortgage

Trust

2014-GC23,

2014

GC23

4.593

07/10/47

900,675

2,750,000

Citigroup

Commercial

Mortgage

Trust

2015-GC29,

2015

GC29

3.758

04/10/48

2,681,452

1,690,000

Citigroup

Commercial

Mortgage

Trust

2015-GC29,

2015

GC29

4.344

04/10/48

1,630,110

1,900,000

Citigroup

Commercial

Mortgage

Trust

2016-GC37,

2016

GC37

4.233

04/10/49

1,817,769

2,500,000

Citigroup

Commercial

Mortgage

Trust

2017-C4,

2017

C4

4.285

10/12/50

2,310,373

850,000

(c),(d)

Citigroup

Commercial

Mortgage

Trust

2021-PRM2,

(TSFR1M

+

2.014%),

2021

PRM2

6.624

10/15/38

843,013

19

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

(continued)

$

1,528,583

COMM

2014-CCRE17

Mortgage

Trust,

2014

CR17

4.377

%

05/10/47

$

1,492,442

187,602

COMM

2014-LC17

Mortgage

Trust,

2014

LC17

4.780

10/10/47

181,776

2,000,000

COMM

2014-UBS3

Mortgage

Trust,

2014

UBS3

4.747

06/10/47

1,419,036

2,000,000

(c)

COMM

2014-UBS3

Mortgage

Trust,

2014

UBS3

4.767

06/10/47

793,836

1,840,000

COMM

2015-CCRE22

Mortgage

Trust,

2015

CR22

4.237

03/10/48

1,598,701

2,000,000

(c)

COMM

2015-CCRE22

Mortgage

Trust,

2015

CR22

3.000

03/10/48

1,351,911

2,628,000

COMM

2015-CCRE23

Mortgage

Trust,

2015

CR23

4.476

05/10/48

2,092,017

1,500,000

COMM

2015-CCRE24

Mortgage

Trust,

2015

CR24

3.463

08/10/48

1,332,162

1,000,000

COMM

2015-CCRE24

Mortgage

Trust,

2015

CR24

4.493

08/10/48

972,408

500,000

COMM

2015-CCRE24

Mortgage

Trust,

2015

CR24

4.493

08/10/48

453,962

550,000

COMM

2015-CCRE25

Mortgage

Trust,

2015

CR25

3.768

08/10/48

503,915

3,000,000

COMM

2015-CCRE26

Mortgage

Trust,

2015

CR26

4.612

10/10/48

2,641,802

2,043,000

COMM

2015-LC23

Mortgage

Trust,

2015

LC23

4.696

10/10/48

1,942,442

2,000,000

COMM

2019-GC44

Mortgage

Trust,

2019

GC44

3.637

08/15/57

1,683,504

3,500,000

COMM

Mortgage

Trust,

2018

COR3

4.669

05/10/51

2,956,495

837,806

COMM

Mortgage

Trust

4.585

02/10/47

805,575

5,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust,

(SOFR30A

+

4.750%),

2023

R05

9.475

06/25/43

5,433,602

4,830,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2021-R03,

(SOFR30A

+

5.500%),

2021

R03

10.234

12/25/41

5,063,977

5,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R01,

(SOFR30A

+

6.000%),

2022

R01

10.734

12/25/41

5,271,229

5,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R02,

(SOFR30A

+

7.650%),

2022

R02

12.972

01/25/42

5,445,984

4,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R03,

(SOFR30A

+

9.850%),

2022

R03

14.823

03/25/42

4,571,338

5,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R04,

(SOFR30A

+

9.500%),

2022

R04

14.837

03/25/42

5,605,418

5,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R05,

(SOFR30A

+

7.000%),

2022

R05

11.734

04/25/42

5,443,227

4,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R07,

(SOFR30A

+

4.650%),

2022

R07

9.375

06/25/42

4,324,687

4,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R07,

(SOFR30A

+

12.000%),

2022

R07

16.725

06/25/42

4,819,772

600,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R09,

(SOFR30A

+

6.750%),

2022

R09

11.475

09/25/42

668,703

3,350,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R02,

(SOFR30A

+

7.900%),

2023

R02

12.634

01/25/43

3,796,824

5,000,600

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R02,

(SOFR30A

+

5.550%),

2023

R02

10.284

01/25/43

5,499,176

6,217,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R04,

(SOFR30A

+

5.350%),

2023

R04

10.075

05/25/43

6,862,777

5,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R04,

(SOFR30A

+

8.250%),

2023

R04

12.975

05/25/43

5,781,069

1,415,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R05,

(SOFR30A

+

6.850%),

2023

R05

11.575

06/25/43

1,577,814

3,390,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R06,

(SOFR30A

+

5.900%),

2023

R06

10.634

07/25/43

3,728,123

5,000,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R06,

(SOFR30A

+

3.900%),

2023

R06

9.188

07/25/43

5,305,860

2,775,000

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R08,

(SOFR30A

+

3.550%),

2023

R08

8.284

10/25/43

2,910,297

4,069,612

(c)

CSMC

2021-INV2

Trust,

2021

INV2

3.288

11/25/56

3,290,405

1,000,000

(c)

CSMC

2021-NQM1,

2021

NQM1

2

.130

05/25/65

725,528

1,300,000

(c)

DBSG

2024-ALTA

Mortgage

Trust,

2024

ALTA

7.296

06/10/37

1,314,860

30,450,000

(c)

DOLP

Trust

2021-NYC,

2021

NYC,

(I/O)

0.665

05/10/41

983,167

8,772,470

Fannie

Mae

Pool,

FN

MA5039

5.500

06/01/53

8,768,212

8,866,099

Fannie

Mae

Pool,

FN

MA5107

5.500

08/01/53

8,861,076

9,009,861

Fannie

Mae

Pool,

FN

MA5165

5.500

10/01/53

9,004,182

10,323

(d)

Fannie

Mae

Pool,

FN

946228,

(LIBOR

12

M

+

1.587%)

7.337

09/01/37

10,452

668

(d)

Fannie

Mae

Pool,

FN

905597,

(LIBOR

12

M

+

1.875%)

6.125

12/01/36

678

7,466,465

Fannie

Mae

Pool,

FN

MA5353

5.500

05/01/54

7,459,464

6,991,044

Fannie

Mae

Pool,

FN

MA4918

5.000

02/01/53

6,878,966

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

20

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

(continued)

$

8,380,403

Fannie

Mae

Pool,

FN

MA4919

5.500

%

02/01/53

$

8,387,978

149,158

(d)

Fannie

Mae

REMICS,

(SOFR30A

+

5.836%),

2013

98,

(I/O)

1.101

09/25/43

16,215

79,728

(c)

Flagstar

Mortgage

Trust

2017-2,

2017

2

3.973

10/25/47

71,860

1,831,022

(c)

Flagstar

Mortgage

Trust

2021-11INV,

2021

11IN

3.449

11/25/51

1,407,234

11,299,990

Freddie

Mac

Multifamily

ML

Certificates,

2021

ML12,

(I/O)

1.304

07/25/41

1,050,899

5,000,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust,

(SOFR30A

+

5.650%),

2022

DNA3

8.647

04/25/42

5,374,868

5,000,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2021-DNA6,

(SOFR30A

+

7.500%),

2021

DNA6

12.234

10/25/41

5,394,756

5,000,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA1,

(SOFR30A

+

7.100%),

2022

DNA1

11.834

01/25/42

5,356,925

5,000,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

+

8.500%),

2022

DNA2

13.788

02/25/42

5,521,232

5,900,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

+

4.750%),

2022

DNA2

9.484

02/25/42

6,220,377

5,000,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA3,

(SOFR30A

+

9.750%),

2022

DNA3

15.087

04/25/42

5,682,080

5,000,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-HQA1,

(SOFR30A

+

7.000%),

2022

HQA1

9.997

03/25/42

5,508,402

4,600,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-HQA2,

(SOFR30A

+

4.000%),

2022

HQA2

8.734

07/25/42

4,906,753

116,961

(d)

Freddie

Mac

Strips,

(SOFR30A

+

0.058%),

2014

327,

(I/O)

0.472

03/15/44

11,015

1,962,274

(d)

Government

National

Mortgage

Association,

(SOFR30A

+

26.100%),

2023

96

5.391

07/20/53

2,255,687

20,682,902

(d)

Government

National

Mortgage

Association,

(TSFR1M

+

6.326%),

2020

61

1.566

07/20/43

2,219,083

3,103,139

(d)

Government

National

Mortgage

Association,

(SOFR30A

+

23.205%),

2023

111

4.638

08/20/53

3,282,622

1,500,000

(c),(d)

GS

Mortgage

Securities

Corp

Trust

2018-TWR,

(TSFR1M

+

1.897%),

2018

TWR

6.507

07/15/31

457,081

1,081,000

(c),(d)

GS

Mortgage

Securities

Corp

Trust

2018-TWR,

(LIBOR

1

M

+

1.497%),

2018

TWR

3.449

07/15/31

551,321

2,600,000

(c),(d)

GS

Mortgage

Securities

Corp

Trust

2021-ARDN,

(TSFR1M

+

1.364%),

2021

ARDN

5.974

11/15/36

2,571,968

2,000,000

(c),(d)

GS

Mortgage

Securities

Corp

Trust

2021-ARDN,

(TSFR1M

+

3.464%),

2021

ARDN

8.074

11/15/36

1,974,940

1,000,000

GS

Mortgage

Securities

Trust

2016-GS3,

2016

GS3

4.103

10/10/49

917,541

2,260,000

GS

Mortgage

Securities

Trust

2016-GS4,

2016

GS4

4.075

11/10/49

1,897,200

1,425,000

GS

Mortgage

Securities

Trust

2019-GC38,

2019

GC38

4.158

02/10/52

1,343,521

1,000,000

GS

Mortgage

Securities

Trust

2020-GSA2,

2020

GSA2

2.012

12/12/53

834,118

4,713

(c)

GS

Mortgage-Backed

Securities

Corp

Trust

2019-PJ2,

2019

PJ2

4.000

11/25/49

4,429

97,967

(c)

GS

Mortgage-Backed

Securities

Corp

Trust

2019-PJ2,

2019

PJ2

4.000

11/25/49

92,069

2,000,000

(c)

HTL

Commercial

Mortgage

Trust

2024-T53,

2024

T53

7.324

05/10/39

2,044,590

1,000,000

(c)

Hudson

Yards

2019-55HY

Mortgage

Trust,

2019

55HY

3.041

12/10/41

788,965

1,500,000

(c),(d)

ILPT

Commercial

Mortgage

Trust

2022-LPF2,

(TSFR1M

+

2.744%),

2022

LPF2

7.353

10/15/39

1,499,728

2,000,000

(c)

ILPT

Commercial

Mortgage

Trust

2022-LPFX,

2022

LPFX

3.951

03/15/32

1,701,013

364,868

Impac

Secured

Assets

CMN

Owner

Trust,

2000

3

8.000

10/25/30

333,880

257,571

(c)

Imperial

Fund

Mortgage

Trust

2020-NQM1,

2020

NQM1

2.051

10/25/55

241,144

2,000,000

(c)

Imperial

Fund

Mortgage

Trust

2020-NQM1,

2020

NQM1

3.531

10/25/55

1,805,772

346,638

(c)

Imperial

Fund

Mortgage

Trust

2021-NQM1,

2021

NQM1

1.617

06/25/56

301,680

450,000

(c)

Imperial

Fund

Mortgage

Trust

2021-NQM1,

2021

NQM1

2.383

06/25/56

346,526

2,440,699

(c),(d)

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2022-

NLP,

(TSFR1M

+

2.608%),

2022

NLP

7.918

04/15/37

2,163,410

4,719,886

(c)

J.P.

Morgan

Mortgage

Trust

2022-LTV2,

2022

LTV2

3.670

09/25/52

3,940,639

153,623

(d)

JP

Morgan

Alternative

Loan

Trust

2007-S1,

(TSFR1M

+

0.674%),

2007

S1

5.262

04/25/47

146,964

1,000,000

(c)

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2020-

NNN,

2020

NNN

3.065

01/16/37

795,759

1,355,793

(c)

JP

Morgan

Mortgage

Trust

2020-INV1,

2020

INV1

4.186

08/25/50

1,171,732

2,500,000

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C31,

2015

C31

4.777

08/15/48

1,911,725

21

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

(continued)

$

2,500,000

(c)

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C33,

2015

C33

4.136

%

12/15/48

$

2,197,770

1,400,000

(c)

JPMBB

Commercial

Mortgage

Securities

Trust

2016-C1,

2016

C1

4.356

03/17/49

1,215,139

1,500,000

JPMBB

Commercial

Mortgage

Securities

Trust

2016-C1,

2016

C1

4.856

03/17/49

1,382,434

2,000,000

JPMCC

Commercial

Mortgage

Securities

Trust,

2017

JP6

3.850

07/15/50

1,580,014

1,335,000

JPMCC

Commercial

Mortgage

Securities

Trust

2017-JP7,

2017

JP7

3.823

09/15/50

1,078,650

1,400,000

(c)

JPMCC

Commercial

Mortgage

Securities

Trust

2017-JP7,

2017

JP7

4.573

09/15/50

773,340

190,000

(c)

Ladder

Capital

Commercial

Mortgage

2013-GCP

Mortgage

Trust,

2013

GCP

3.985

02/15/36

173,268

3,015,000

(c)

Legends

Outlets

Kansas

City

KS

Mortgage

Secured

Pass-Through

Trust,

2024

LGND

6.508

10/15/27

3,002,350

34,356,000

(c)

MFT

Trust

2020-ABC,

2020

ABC,

(I/O)

0.235

02/10/42

232,250

750,000

Morgan

Stanley

Capital

I

Trust

2018-H3,

2018

H3

4.177

07/15/51

729,425

2,000,000

(c)

MRCD

2019-MARK

Mortgage

Trust,

2019

PARK

2.718

12/15/36

1,310,000

500,000

(c)

MSCG

Trust

2015-ALDR,

2015

ALDR

3.577

06/07/35

464,059

1,500,000

(c)

MSCG

Trust

2015-ALDR,

2015

ALDR

3.577

06/07/35

1,412,091

1,000,000

(c),(d)

MTN

Commercial

Mortgage

Trust

2022-LPFL,

(TSFR1M

+

2.943%),

2022

LPFL

7.773

03/15/39

997,859

1,500,000

(c),(d)

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE,

(TSFR1M

+

3.579%),

2019

MILE

8.189

07/15/36

1,054,112

1,500,000

(c),(d)

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE,

(TSFR1M

+

4.329%),

2019

MILE

8.939

07/15/36

971,745

74,747

(c)

New

Residential

Mortgage

Loan

Trust

2015-2,

2015

2A

5.341

08/25/55

73,599

1,000,000

(c)

NLT

2021-INV2

Trust,

2021

INV2

2.569

08/25/56

733,523

3,200,000

(c),(d)

NYC

Trust

2024-3ELV,

(TSFR1M

+

2.840%),

2024

3ELV

7.449

08/15/29

3,216,707

1,150,000

(c)

One

Bryant

Park

Trust

2019-OBP

2.516

09/15/54

1,011,952

2,517,933

(c),(d)

OPEN

Trust

2023-AIR,

(TSFR1M

+

5.236%),

2023

AIR

9.845

10/15/28

2,546,633

2,000,000

(c),(d)

PKHL

Commercial

Mortgage

Trust

2021-MF,

(TSFR1M

+

0.994%),

2021

MF

5.604

07/15/38

1,886,255

1,000,000

(c),(d)

RLGH

Trust

2021-TROT,

(LIBOR

1

M

+

1.828%),

2021

TROT

1.821

04/15/36

988,347

10,073

(c)

Sequoia

Mortgage

Trust

2018-7,

2018

7

4.000

09/25/48

9,471

5,551

(c)

Sequoia

Mortgage

Trust

2019-2,

2019

2

4.000

06/25/49

5,205

1,155,000

(c)

SLG

Office

Trust

2021-OVA,

2021

OVA

2.851

07/15/41

944,743

40,180,000

(c)

SLG

Office

Trust

2021-OVA,

2021

OVA,

(I/O)

0.258

07/15/41

535,603

1,831,354

(c),(d)

SMR

2022-IND

Mortgage

Trust,

(TSFR1M

+

3.950%),

2022

IND

8.559

02/15/39

1,766,490

2,140,000

(c),(d)

SREIT

Trust

2021-PALM,

(TSFR1M

+

1.524%),

2021

PALM

6.133

10/15/34

2,120,533

2,000,000

(c),(d)

TX

Trust

2024-HOU,

(TSFR1M

+

3.239%),

2024

1

7.848

06/15/39

1,998,909

2,000,000

(c)

Verus

Securitization

Trust

2021-8,

2021

8

3.288

11/25/66

1,574,220

30,813

Washington

Mutual

MSC

Mortgage

Pass-Through

Certificates

Series

2004-RA3

Trust,

2004

RA3

5.624

08/25/38

30,343

1,615,000

Wells

Fargo

Commercial

Mortgage

Trust

2015-NXS1,

2015

NXS1

3.658

05/15/48

1,579,878

2,000,000

Wells

Fargo

Commercial

Mortgage

Trust

2015-P2,

2015

P2

4.818

12/15/48

1,915,507

4,500,000

Wells

Fargo

Commercial

Mortgage

Trust

2024-C63,

2024

C63

5.820

08/15/57

4,690,978

936,607

(c)

Wells

Fargo

Mortgage

Backed

Securities

2021-INV1

Trust,

2021

INV1

3.311

08/25/51

784,112

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost

$352,250,140)

340,591,083

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

10118886

MUNICIPAL

BONDS

-

1.0%

10118886

ILLINOIS

-

0.4%

4,000,000

Illinois

Housing

Development

Authority

5.784

10/01/44

4,033,992

TOTAL

ILLINOIS

4,033,992

NEW

YORK

-

0.6%

5,955,000

New

York

City

Transitional

Finance

Authority

5.110

05/01/36

6,084,894

TOTAL

NEW

YORK

6,084,894

TOTAL

MUNICIPAL

BONDS

(Cost

$10,038,389)

10,118,886

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

22

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

68025991

SOVEREIGN

DEBT

-

6.9%

68025991

ANGOLA

-

0.1%

$

1,050,000

(c)

Angolan

Government

International

Bond

8.750

%

04/14/32

$

940,582

TOTAL

ANGOLA

940,582

BAHRAIN

-

0.0%

500,000

(c)

Bahrain

Government

International

Bond

6.000

09/19/44

427,194

TOTAL

BAHRAIN

427,194

BENIN

-

0.2%

1,550,000

(c)

Benin

Government

International

Bond

7.960

02/13/38

1,504,368

TOTAL

BENIN

1,504,368

BRAZIL

-

0.3%

1,950,000

Brazilian

Government

International

Bond

7.125

05/13/54

1,930,630

945,000

Brazilian

Government

International

Bond

6.000

10/20/33

930,356

TOTAL

BRAZIL

2,860,986

CHILE

-

0.1%

1,500,000

Chile

Government

International

Bond

3.100

05/07/41

1,123,460

TOTAL

CHILE

1,123,460

COLOMBIA

-

0.3%

3,200,000

Colombia

Government

International

Bond

5.000

06/15/45

2,247,643

825,000

Colombia

Government

International

Bond

5.200

05/15/49

578,117

TOTAL

COLOMBIA

2,825,760

COSTA

RICA

-

0.1%

905,000

(c)

Costa

Rica

Government

International

Bond

5.625

04/30/43

820,835

TOTAL

COSTA

RICA

820,835

COTE

D'IVOIRE

-

0.3%

1,175,000

(c)

Ivory

Coast

Government

International

Bond

6.125

06/15/33

1,068,662

704,654

(c)

Ivory

Coast

Government

International

Bond

2032

144A

5.750

12/31/32

669,498

1,100,000

(c)

Ivory

Coast

Government

International

Bond

8.250

01/30/37

1,094,995

TOTAL

COTE

D'IVOIRE

2,833,155

DOMINICAN

REPUBLIC

-

0.2%

835,000

(c)

Dominican

Republic

International

Bond

5.300

01/21/41

736,997

1,525,000

(c)

Dominican

Republic

International

Bond

4.500

01/30/30

1,418,174

TOTAL

DOMINICAN

REPUBLIC

2,155,171

ECUADOR

-

0.0%

380,000

(c)

Ecuador

Government

International

Bond

5.000

07/31/30

256,487

TOTAL

ECUADOR

256,487

EGYPT

-

0.2%

2,250,000

(c)

Egypt

Government

International

Bond

8.500

01/31/47

1,809,990

TOTAL

EGYPT

1,809,990

GHANA

-

0.0%

20,800

(c)

Ghana

Government

International

Bond

0.000

07/03/26

19,360

157,300

(c)

Ghana

Government

International

Bond

5.000

07/03/29

137,968

36,007

(c)

Ghana

Government

International

Bond

0.000

01/03/30

28,305

226,200

(c)

Ghana

Government

International

Bond

5.000

07/03/35

160,602

TOTAL

GHANA

346,235

GUATEMALA

-

0.0%

500,000

(c)

Guatemala

Government

Bond

6.600

06/13/36

504,000

TOTAL

GUATEMALA

504,000

HONDURAS

-

0.4%

1,675,000

(c)

Honduras

Government

International

Bond

5.625

06/24/30

1,493,263

1,575,000

(c)

Honduras

Government

International

Bond

8.625

11/27/34

1,572,638

TOTAL

HONDURAS

3,065,901

HUNGARY

-

0.2%

1,650,000

Hungary

Government

International

Bond

7.625

03/29/41

1,872,420

300,000

(c)

Magyar

Export-Import

Bank

Zrt

6.125

12/04/27

303,761

TOTAL

HUNGARY

2,176,181

INDONESIA

-

0.1%

950,000

(c)

Perusahaan

Penerbit

SBSN

Indonesia

III

3.800

06/23/50

739,943

TOTAL

INDONESIA

739,943

23

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

IRAQ

-

0.1%

$

1,319,062

(c)

Iraq

International

Bond

5.800

%

01/15/28

$

1,278,600

TOTAL

IRAQ

1,278,600

JORDAN

-

0.1%

600,000

(c)

Jordan

Government

International

Bond

5.850

07/07/30

571,587

600,000

(c)

Jordan

Government

International

Bond

7.375

10/10/47

555,927

TOTAL

JORDAN

1,127,514

KAZAKHSTAN

-

0.2%

1,675,000

(c)

Development

Bank

of

Kazakhstan

JSC

2.950

05/06/31

1,450,654

975,000

(c)

Kazakhstan

Government

International

Bond

6.500

07/21/45

1,086,815

TOTAL

KAZAKHSTAN

2,537,469

KENYA

-

0.1%

1,445,000

(c)

Republic

of

Kenya

Government

International

Bond

6.300

01/23/34

1,161,090

500,000

(c)

Republic

of

Kenya

Government

International

Bond

9.750

02/16/31

499,951

TOTAL

KENYA

1,661,041

MEXICO

-

0.8%

1,966,000

Mexico

Government

International

Bond

4.750

03/08/44

1,570,206

1,000,000

Mexico

Government

International

Bond

4.750

04/27/32

933,335

3,325,000

Mexico

Government

International

Bond

4.280

08/14/41

2,570,273

1,975,000

Mexico

Government

International

Bond

6.400

05/07/54

1,859,267

TOTAL

MEXICO

6,933,081

MONGOLIA

-

0.1%

795,000

(c)

Mongolia

Government

International

Bond

4.450

07/07/31

695,323

TOTAL

MONGOLIA

695,323

MOROCCO

-

0.1%

850,000

(c)

Morocco

Government

International

Bond

5.500

12/11/42

769,509

TOTAL

MOROCCO

769,509

NIGERIA

-

0.0%

325,000

(c)

Nigeria

Government

International

Bond

8.375

03/24/29

314,750

415,000

(c)

Nigeria

Government

International

Bond

7.875

02/16/32

373,608

TOTAL

NIGERIA

688,358

OMAN

-

0.2%

2,050,000

(c)

Oman

Government

International

Bond

6.500

03/08/47

2,089,094

TOTAL

OMAN

2,089,094

PANAMA

-

0.3%

1,360,000

Panama

Bonos

del

Tesoro

3.362

06/30/31

1,103,640

1,925,000

Panama

Government

International

Bond

8.000

03/01/38

2,038,151

TOTAL

PANAMA

3,141,791

PARAGUAY

-

0.3%

1,625,000

(c)

Paraguay

Government

International

Bond

5.600

03/13/48

1,488,399

675,000

(c)

Paraguay

Government

International

Bond

6.000

02/09/36

692,145

TOTAL

PARAGUAY

2,180,544

PERU

-

0.3%

1,050,000

Peruvian

Government

International

Bond

3.300

03/11/41

794,445

1,755,000

Peruvian

Government

International

Bond

5.875

08/08/54

1,756,904

TOTAL

PERU

2,551,349

PHILIPPINES

-

0.1%

550,000

Philippine

Government

International

Bond

6.375

10/23/34

606,221

495,000

Philippine

Government

International

Bond

4.200

03/29/47

423,161

TOTAL

PHILIPPINES

1,029,382

POLAND

-

0.1%

630,000

Republic

of

Poland

Government

International

Bond

5.500

04/04/53

611,077

TOTAL

POLAND

611,077

QATAR

-

0.1%

850,000

(c)

Qatar

Government

International

Bond

4.817

03/14/49

800,460

TOTAL

QATAR

800,460

REPUBLIC

OF

SERBIA

-

0.2%

1,500,000

(c)

Serbia

International

Bond

6.500

09/26/33

1,562,613

TOTAL

REPUBLIC

OF

SERBIA

1,562,613

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

24

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ROMANIA

-

0.1%

$

450,000

(c)

Romanian

Government

International

Bond

7.625

%

01/17/53

$

474,048

1,370,000

(c)

Romanian

Government

International

Bond

6.125

01/22/44

1,258,907

TOTAL

ROMANIA

1,732,955

RWANDA

-

0.1%

1,375,000

(c)

Rwanda

International

Government

Bond

5.500

08/09/31

1,166,535

TOTAL

RWANDA

1,166,535

SAUDI

ARABIA

-

0.1%

2,065,000

(c)

Saudi

Government

International

Bond

3.750

01/21/55

1,467,509

TOTAL

SAUDI

ARABIA

1,467,509

SENEGAL

-

0.2%

1,600,000

(c)

Senegal

Government

International

Bond

6.250

05/23/33

1,344,608

700,000

(c)

Senegal

Government

International

Bond

6.750

03/13/48

505,750

TOTAL

SENEGAL

1,850,358

SOUTH

AFRICA

-

0.3%

1,575,000

Republic

of

South

Africa

Government

International

Bond

7.300

04/20/52

1,490,750

1,900,000

(a)

Republic

of

South

Africa

Government

International

Bond

5.375

07/24/44

1,498,887

TOTAL

SOUTH

AFRICA

2,989,637

TURKEY

-

0.3%

450,000

Turkiye

Government

International

Bond

9.125

07/13/30

504,367

1,025,000

(a)

Turkiye

Government

International

Bond

7.625

05/15/34

1,066,664

875,000

Turkiye

Government

International

Bond

6.500

01/03/35

841,116

750,000

(c)

Turkiye

Ihracat

Kredi

Bankasi

AS

5.750

07/06/26

748,543

TOTAL

TURKEY

3,160,690

UKRAINE

-

0.0%

22,079

(c)

Ukraine

Government

International

Bond

0.000

02/01/34

8,721

21,633

(c)

Ukraine

Government

International

Bond

1.750

02/01/36

10,881

5,908

(c)

Ukraine

Government

International

Bond

0.000

02/01/30

2,998

18,658

(c)

Ukraine

Government

International

Bond

0.000

02/01/35

10,878

15,548

(c)

Ukraine

Government

International

Bond

0.000

02/01/36

9,018

54,082

(c)

Ukraine

Government

International

Bond

1.750

02/01/34

28,266

32,449

(c)

Ukraine

Government

International

Bond

1.750

02/01/35

16,614

TOTAL

UKRAINE

87,376

UZBEKISTAN

-

0.2%

1,600,000

(c)

Republic

of

Uzbekistan

International

Bond

5.375

02/20/29

1,523,478

TOTAL

UZBEKISTAN

1,523,478

TOTAL

SOVEREIGN

DEBT

(Cost

$72,152,752)

68,025,991

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

75451094

U.S.

GOVERNMENT

AND

AGENCY

OBLIGATIONS

-

7.7%

75451094

18,000,000

United

States

Treasury

Note/Bond

4.125

08/15/44

17,133,750

15,000,000

United

States

Treasury

Note/Bond

4.625

11/15/44

15,307,031

5,000,000

United

States

Treasury

Note/Bond

4.125

10/31/26

4,992,969

20,000,000

United

States

Treasury

Note/Bond

4.125

11/15/27

20,006,250

10,000,000

United

States

Treasury

Note/Bond

4.125

10/31/29

10,014,844

8,000,000

United

States

Treasury

Note/Bond

4.125

10/31/31

7,996,250

TOTAL

U.S.

GOVERNMENT

AND

AGENCY

OBLIGATIONS

(Cost

$75,805,387)

75,451,094

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

44370013

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

4.5%

44370013

CAPITAL

GOODS

-

0.2%

224,438

(d)

Titan

Acquisition

Limited,

Term

Loan

B,

(TSFR1M

+

5.000%)

9.573

02/01/29

226,230

1,485,047

(d)

Windsor

Holdings

III,

LLC,

First

Lien

Term

Loan

B,

(TSFR1M

+

3.500%)

8.099

08/01/30

1,506,023

TOTAL

CAPITAL

GOODS

1,732,253

25

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0.2%

$

2,134,650

(d)

Prime

Security

Services

Borrower,

LLC,

Term

Loan

B,

(TSFR1M

+

2.250%)

6.906

%

10/15/30

$

2,142,538

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

2,142,538

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

0.8%

2,463,323

(d)

CNT

Holdings

I

Corp,

Term

Loan,

(TSFR3M

+

3.500%)

8.085

11/08/27

2,484,372

2,020,000

(d),(g)

CNT

Holdings

I

Corp,

Term

Loan,

(TBD)

TBD

TBD

2,037,261

515,197

(d)

Les

Schwab

Tire

Centers,

Term

Loan

B,

(TSFR1M

+

3.000%)

7.573

04/16/31

518,015

426,335

(d)

PetSmart,

Inc.,

Term

Loan

B,

(TSFR1M

+

3.750%)

8.423

02/14/28

426,830

2,329,163

(d)

Wand

NewCo

3,

Inc.,

First

Lien

Term

Loan

B,

(TSFR1M

+

TSFR3M

+

3.250%)

7.838

01/30/31

2,348,390

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

7,814,868

CONSUMER

DURABLES

&

APPAREL

-

0.0%

433,024

(d)

Weber-Stephen

Products

LLC,

Term

Loan

B,

(TSFR1M

+

3.250%)

7.937

10/29/27

412,938

TOTAL

CONSUMER

DURABLES

&

APPAREL

412,938

CONSUMER

SERVICES

-

0.2%

997,187

(d)

Alterra

Mountain

Company,

Term

Loan

B7,

(TSFR1M

+

3.000%)

7.573

05/31/30

1,007,159

535,000

(d),(g)

Fleet

Midco

I

Limited,

Term

Loan

B,

(TBD)

TBD

TBD

537,675

346,496

(d)

GVC

Holdings

(Gibraltar)

Limited,

Term

Loan

B3,

(TSFR6M

+

2.750%)

8.014

10/31/29

348,518

TOTAL

CONSUMER

SERVICES

1,893,352

FINANCIAL

SERVICES

-

0.1%

910,000

(d)

Boost

Newco

Borrower,

LLC,

Term

Loan

B,

(TSFR3M

+

2.500%)

7.104

01/31/31

919,910

TOTAL

FINANCIAL

SERVICES

919,910

FOOD,

BEVERAGE

&

TOBACCO

-

0.0%

1,414

(d)

City

Brewing

Company,

LLC,

First

Lien,

(TSFR3M

+

5.000%)

9.647

04/14/28

601

71,922

(d)

City

Brewing

Company,

LLC,

First

Out

New

Money

Term

Loan,

(TSFR3M

+

6.250%)

10.906

04/05/28

58,257

188,204

(d)

City

Brewing

Company,

LLC,

FLFO

Roll

Up

Term

Loan,

(TSFR3M

+

3.500%)

8.418

04/14/28

141,153

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

200,011

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1.0%

1,955,000

(d)

Bausch

&

Lomb

Corporation,

Term

Loan,

(TSFR1M

+

3.250%)

7.938

05/05/27

1,963,866

3,989,691

(d)

Insulet

Corporation,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.500%)

7.073

07/31/31

4,021,488

531,584

(d)

Medline

Borrower,

LP,

Term

Loan

B,

(TSFR1M

+

2.250%)

6.823

10/23/28

535,372

937,300

(d)

Parexel

International

Corporation,

Term

Loan

B,

(TSFR1M

+

3.000%)

7.573

11/15/28

945,140

997,494

(d)

Phoenix

Guarantor

Inc,

Term

Loan,

(TSFR1M

+

3.250%)

7.823

02/21/31

1,006,561

262,924

(d)

Select

Medical

Corporation,

Term

Loan

B1,

(Prime

+

1.750%)

9.500

03/05/27

264,239

845,750

(d)

Surgery

Center

Holdings,

Inc.,

Term

Loan

B,

(TSFR1M

+

2.750%)

7.338

12/19/30

853,104

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

9,589,770

INSURANCE

-

0.4%

2,658,337

(d)

Broadstreet

Partners,

Inc.,

Term

Loan

B4,

(TSFR1M

+

3.250%)

7.823

05/12/31

2,675,856

1,595,081

(d)

Truist

Insurance

Holdings

LLC,

First

Lien

Term

Loan,

(TSFR3M

+

3.250%)

7.854

03/22/31

1,603,598

TOTAL

INSURANCE

4,279,454

MATERIALS

-

0.4%

1,441,350

(d)

Clydesdale

Acquisition

Holdings

Inc,

Term

Loan

B,

(TSFR1M

+

3.175%)

7.748

04/13/29

1,451,742

223,313

(d)

Ineos

US

Finance

LLC,

Term

Loan

B,

(TSFR1M

+

3.250%)

7.823

02/09/30

224,686

482,278

(d)

Plaze,

Inc.,

Term

Loan

B,

(TSFR1M

+

3.500%)

8.187

08/03/26

445,302

1,736,897

(d)

Proampac

PG

Borrower

LLC,

Term

Loan,

(TSFR3M

+

4.000%)

8.590

09/15/28

1,745,043

68,075

(d)

W.R.

Grace

&

Co.-Conn.,

Term

Loan

B,

(TSFR3M

+

3.250%)

7.854

09/22/28

68,660

TOTAL

MATERIALS

3,935,433

MEDIA

&

ENTERTAINMENT

-

0.1%

376,599

(d)

DirecTV

Financing,

LLC,

Term

Loan,

(TSFR3M

+

5.000%)

9.847

08/02/27

380,751

214,462

(d)

Planet

US

Buyer

LLC,

Term

Loan

B,

(TSFR3M

+

3.000%)

7.521

02/10/31

215,079

TOTAL

MEDIA

&

ENTERTAINMENT

595,830

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

26

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0.3%

$

956,479

(d)

Jazz

Financing

Lux

S.a.r.l.,

First

Lien

Term

Loan

B,

(TSFR1M

+

2.250%)

6.823

%

05/05/28

$

962,285

1,512,645

(d)

Organon

&

Co,

Term

Loan

B,

(TSFR1M

+

2.500%)

7.099

05/14/31

1,526,834

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

2,489,119

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0.1%

703,756

(d)

Ultra

Clean

Holdings,

Inc,

Term

Loan

B,

(TSFR1M

+

3.250%)

7.823

02/25/28

708,594

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

708,594

SOFTWARE

&

SERVICES

-

0.6%

2,500,000

(d)

Boxer

Parent

Company

Inc.,

Term

Loan

B,

(TSFR3M

+

3.750%)

8.335

07/30/31

2,520,375

2,402,925

(d)

Cotiviti

Corporation,

Term

Loan,

(TSFR1M

+

3.000%)

7.672

04/30/31

2,415,697

482,500

(d)

IGT

Holding

IV

AB,

Term

Loan

B2,

(SOFR90A

+

3.650%)

8.732

03/29/28

486,121

93,406

(d)

UKG

Inc.,

Term

Loan

B,

(TSFR3M

+

3.000%)

7.617

02/10/31

94,138

TOTAL

SOFTWARE

&

SERVICES

5,516,331

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.0%

184,917

(d)

Ingram

Micro

Inc.,

Term

Loan

B,

(TSFR3M

+

2.750%)

7.564

09/22/31

186,766

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

186,766

TELECOMMUNICATION

SERVICES

-

0.0%

500,000

(d),(g)

Zayo

Group

Holdings,

Inc.,

Term

Loan,

(TBD)

TBD

TBD

479,492

TOTAL

TELECOMMUNICATION

SERVICES

479,492

TRANSPORTATION

-

0.0%

64,391

(d)

SkyMiles

IP

Ltd.,

Skymiles

Term

Loan

B,

(TSFR3M

+

3.750%)

8.367

10/20/27

65,768

TOTAL

TRANSPORTATION

65,768

UTILITIES

-

0.1%

1,185,750

(d)

Talen

Energy

Supply,

LLC,

Term

Loan

B,

(TSFR3M

+

3.500%)

8.023

05/17/30

1,194,726

211,261

(d)

Talen

Energy

Supply,

LLC,

Term

Loan

C,

(TSFR3M

+

3.500%)

8.023

05/17/30

212,860

TOTAL

UTILITIES

1,407,586

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$43,993,405)

44,370,013

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$980,602,511)

959,713,341

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

2.8%

27,166,611

(h)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.630

(i)

27,166,611

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$27,166,611)

27,166,611

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 3.4%

33215379

REPURCHASE

AGREEMENTS

-

3.4%

33215379

1,065,379

(j)

Fixed

Income

Clearing

Corporation

1.440

12/02/24

1,065,379

32,150,000

(k)

Fixed

Income

Clearing

Corporation

4.550

12/02/24

32,150,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$33,215,379)

33,215,379

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$33,215,379)

33,215,379

TOTAL

INVESTMENTS

-

104.0%

(Cost

$1,040,984,501

)

1,020,095,331

OTHER

ASSETS

&

LIABILITIES,

NET

-  (4.0)%

(39,497,674)

NET

ASSETS

-

100%

$

980,597,657

27

Investments

in

Derivatives

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

The

following

is

a

reconciliation

of

the

Fund’s

Level

3

investments

held

at

the

beginning

and

end

of

the

measurement

period:

Futures

Contracts

-

Long

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

2-Year

Note

350

3/25

$

71,977,177

$

72,138,282

$

161,105

U.S.

Treasury

5-Year

Note

150

3/25

16,071,379

16,140,234

68,855

U.S.

Treasury

Long

Bond

175

3/25

20,605,151

20,912,500

307,349

U.S.

Treasury

Ultra

Bond

200

3/25

24,939,483

25,437,500

498,017

Total

$133,593,190

$134,628,516

$1,035,326

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

$1,000

Par

(or

similar)

Institutional

Preferred

$

–

$

64,894,450

$

–

$

64,894,450

$25

Par

(or

similar)

Retail

Preferred

752,696

–

–

752,696

Asset-Backed

Securities

–

141,366,870

1,091,000

142,457,870

Contingent

Capital

Securities

–

26,963,932

–

26,963,932

Corporate

Bonds

–

185,024,947

–

185,024,947

Emerging

Market

Debt

and

Foreign

Corporate

Bonds

–

1,062,379

–

1,062,379

Mortgage-Backed

Securities

–

340,591,083

–

340,591,083

Municipal

Bonds

–

10,118,886

–

10,118,886

Sovereign

Debt

–

68,025,991

–

68,025,991

U.S.

Government

and

Agency

Obligations

–

75,451,094

–

75,451,094

Variable

Rate

Senior

Loan

Interests

–

44,370,013

–

44,370,013

Investments

Purchased

with

Collateral

from

Securities

Lending

27,166,611

–

–

27,166,611

Short-Term

Investments:

Repurchase

Agreements

–

33,215,379

–

33,215,379

Investments

in

Derivatives:

Futures

Contracts*

1,035,326

–

–

1,035,326

Total

$

28,954,633

$

991,085,024

$

1,091,000

$

1,021,130,657

*

Represents

net

unrealized

appreciation

(depreciation).

Portfolio

of

Investments

November

30,

2024

(continued)

Strategic

Income

28

The

valuation

techniques

and

significant

unobservable

inputs

used

in

recurring

Level

3

fair

value

measurements

of

assets

as

of

the

end

of

the

reporting

period,

were

as

follows:

Level

3

Strategic

Income

Asset-Backed

Securities

Balance

at

the

beginning

of

period

$1,101,175

Gains

(losses):

Net

realized

gains

(losses)

-

Change

in

net

unrealized

appreciation

(depreciation)

(10,175)

Purchases

at

cost

-

Sales

at

proceeds

-

Net

discounts

(premiums)

-

Transfers

into

-

Transfers

(out

of)

-

Balance

at

the

end

of

period

$1,091,000

Change

in

net

unrealized

appreciation

(depreciation)

during

the

period

of

Level

3

securities

held

as

of

period

end

$(10,175)

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

Strategic

Income

Asset-Backed

Securities

$1,091,000

Indicative

Trade

Broker

Quote

$87.28

N/A

(a)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$26,368,861.

(b)

Perpetual

security.

Maturity

date

is

not

applicable.

(c)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$525,757,629

or

51.5%

of

Total

Investments.

(d)

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(e)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(f)

Contingent

Capital

Securities

(“CoCos”)

are

hybrid

securities

with

loss

absorption

characteristics

built

into

the

terms

of

the

security

for

the

benefit

of

the

issuer.

For

example,

the

terms

may

specify

an

automatic

write-down

of

principal

or

a

mandatory

conversion

into

the

issuer’s

common

stock

under

certain

adverse

circumstances,

such

as

the

issuer’s

capital

ratio

falling

below

a

specified

level.

(g)

When-issued

or

delayed

delivery

security.

(h)

Investments

made

with

cash

collateral

received

from

securities

on

loan.

(i)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(j)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.440%

dated

11/29/24

to

be

repurchased

at

$1,065,507

on

12/2/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.750%

and

maturity

date

1/31/29,

valued

at

$1,086,713.

(k)

Agreement

with

Fixed

Income

Clearing

Corporation,

4.550%

dated

11/29/24

to

be

repurchased

at

$32,162,190

on

12/2/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.375%

and

maturity

date

8/15/43,

valued

at

$32,793,025.

I/O

Interest

only

security

LIBOR

London

Inter-Bank

Offered

Rate

M

Month

Reg

S

Regulation

S

allows

U.S.

companies

to

sell

securities

to

persons

or

entities

located

outside

of

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

S

provides

a

safe

harbor

from

the

registration

requirements

of

the

Securities

Act

for

the

offers

and

sales

of

securities

by

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

SOFR

Secured

Overnight

Financing

Rate

SOFR

30A

30

Day

Average

Secured

Overnight

Financing

Rate

SOFR

90A

90

Day

Average

Secured

Overnight

Financing

Rate

TBD

Senior

loan

purchased

on

a

when-issued

or

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

to

the

settlement

date

of

the

transaction.

In

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

a

coupon

rate

is

not

available

prior

to

settlement.

At

settlement,

if

still

unknown,

the

borrower

or

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR

1M

CME

Term

Secured

Overnight

Financing

Rate

1

Month

TSFR

3M

CME

Term

Secured

Overnight

Financing

Rate

3

Month

TSFR

6M

CME

Term

Secured

Overnight

Financing

Rate

6

Month