Guggenheim Macro Opportunities Fund (GIOAX) NPORT-P Guggenheim Active INvestment Series (GAINS) - Core Plus Fund (Dec 2024 report)

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
PREFERRED STOCKS†† - 0.5%
Energy - 0.5%
Venture Global LNG, Inc.
9.00%1		70,000	$	73,188
Total Preferred Stocks
(Cost $70,000)				73,188
MONEY MARKET FUNDS***,† - 4.2%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.33%2		350,600		350,600
Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.34%2		210,143		210,143
Total Money Market Funds
(Cost $560,743)				560,743
		Face Amount
ASSET-BACKED SECURITIES†† - 59.4%
Collateralized Loan Obligations - 34.1%
Owl Rock CLO X LLC
2023-10A A, 7.07% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/20/35◊,1	$	1,850,000		1,856,430
Owl Rock CLO IX LLC
2024-9A BR, 6.37% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 11/22/37◊,1		250,000		254,137
Ares Direct Lending CLO 3 LLC
2024-3A B, 6.29% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 01/20/37◊,1		250,000		253,834
Wellfleet CLO Ltd.
2024-2A BR, 6.48% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/18/37◊,1		250,000		251,706
Neuberger Berman Loan Advisers Clo 58 Ltd.
2024-58A B, 6.21% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 10/18/38◊,1		250,000		251,217
Fortress Credit BSL XVI Ltd.
2024-3A BR, 6.47% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/20/35◊,1		250,000		250,890
Fortress Credit Opportunities XXV CLO LLC
2024-25A A1T, 5.99% (3 Month Term SOFR + 1.59%, Rate Floor: 1.59%) due 01/15/37◊,1		250,000		250,000
Cerberus Loan Funding XLVIII LLC
2024-4A AN, 6.10% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 10/15/36◊,1		100,000		100,750
2024-4A C, 6.75% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 10/15/36◊,1		100,000		100,468
Ares Direct Lending CLO 2 LLC
2024-2A B, 6.50% (3 Month Term SOFR + 1.90%, Rate Floor: 1.90%) due 10/20/36◊,1		100,000		101,691
Owl Rock CLO XIX LLC
2024-19A B, 6.52% (3 Month Term SOFR + 1.90%, Rate Floor: 1.90%) due 10/22/37◊,1		100,000		101,690
Barings CLO Limited 2022-III
2024-3A BR, 6.39% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 10/20/37◊,1		100,000		100,858
ABPCI Direct Lending Fund CLO V Ltd.
2024-5A A1RR, 6.82% (3 Month Term SOFR + 2.20%, Rate Floor: 2.20%) due 01/20/36◊,1		100,000		100,610
Owl Rock CLO XIII LLC
2023-13A A, 6.90% (3 Month Term SOFR + 2.55%, Rate Floor: 2.55%) due 09/20/35◊,1		100,000		100,601
BDS LLC
2024-FL13 AS, 6.36% (1 Month Term SOFR + 1.99%, Rate Floor: 1.99%) due 09/19/39◊,1		100,000		100,229
BCRED MML CLO 2022-1 LLC
2022-1A A1, 6.27% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 04/20/35◊,1		100,000		100,050
BSPRT Issuer LLC
2024-FL11 B, 6.69% (1 Month Term SOFR + 2.29%, Rate Floor: 2.29%) due 07/15/39◊,1		100,000		99,897
FS Rialto Issuer LLC
2024-FL9 B, 6.66% (1 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 10/19/39◊,1		100,000		99,753

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 59.4% (continued)
Collateralized Loan Obligations - 34.1% (continued)
Golub Capital Partners CLO 36M Ltd.
2018-36A A, 6.12% (3 Month Term SOFR + 1.56%, Rate Floor: 0.00%) due 02/05/31◊,1	$	70,317	$	70,421
HERA Commercial Mortgage Ltd.
2021-FL1 A, 5.54% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/18/38◊,1		36,641		36,466
Total Collateralized Loan Obligations				4,581,698
Transport-Aircraft - 12.1%
Slam Ltd.
2024-1A, 5.34% due 09/15/491		984,158		964,841
AASET Ltd.
2024-2A, 5.93% due 09/16/491		245,691		244,221
Navigator Aviation Ltd.
2024-1, 5.40% due 08/15/491		244,048		238,218
Lunar Structured Aircraft Portfolio Notes
2021-1, 2.64% due 10/15/461		186,128		170,013
Total Transport-Aircraft				1,617,293
Whole Business - 4.0%
Five Guys Holdings, Inc.
2023-1A, 7.55% due 01/26/541		100,000		103,393
Wingstop Funding LLC
2024-1A, 5.86% due 12/05/541		100,000		100,205
SERVPRO Master Issuer LLC
2024-1A, 6.17% due 01/25/541		99,250		99,555
Applebee's Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/05/491		99,000		97,259
Arbys Funding LLC
2020-1A, 3.24% due 07/30/501		95,750		90,915
Subway Funding LLC
2024-3A, 5.91% due 07/30/541		50,000		48,818
Total Whole Business				540,145
Unsecured Consumer Loans - 2.2%
GreenSky Home Improvement Issuer Trust
2024-2, 5.26% due 10/27/591		100,000		99,694
Foundation Finance Trust
2024-2A, 4.93% due 03/15/501		100,000		98,537
Stream Innovations Issuer Trust
2024-2A, 5.21% due 02/15/451		92,069		91,756
Total Unsecured Consumer Loans				289,987
Infrastructure - 1.8%
Blue Stream Issuer LLC
2024-1A, 5.41% due 11/20/541		100,000		100,161
Vantage Data Centers Issuer LLC
2024-1A, 5.10% due 09/15/541		100,000		98,140
SBA Tower Trust
4.83% due 10/15/291		50,000		48,840
Total Infrastructure				247,141
Financial - 1.7%
Station Place Securitization Trust
2024-SP4, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,1		75,000		75,000
2024-SP3, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,1		50,000		50,000
Ceamer Finance LLC
6.79% due 11/15/39†††		100,000		100,000
Total Financial				225,000
Net Lease - 1.4%
Tenet Equity Funding LLC
2024-1A, 5.49% due 10/20/541		99,960		98,417
Capital Automotive REIT
2024-3A, 4.55% due 10/15/541		99,688		93,114
Total Net Lease				191,531
Single Family Residence - 1.4%
Tricon Residential Trust
2024-SFR4, 4.65% due 11/17/411		100,000		96,300
Invitation Homes Trust
2024-SFR1, 4.00% due 09/17/411		100,000		93,565
Total Single Family Residence				189,865
Consumer, Non-cyclical - 0.7%
IP Lending X Ltd.
2023-10A, 7.75% due 07/02/29†††,1		100,000		100,000
Total Asset-Backed Securities
(Cost $7,992,063)				7,982,660

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 19.4%
Residential Mortgage-Backed Securities - 18.8%
OBX Trust
2024-NQM15, 5.72% due 10/25/641,3	$	97,774	$	97,239
2024-NQM16, 5.73% due 10/25/643		97,463		97,151
2024-NQM13, 5.37% due 06/25/641,3		94,726		93,898
2024-NQM12, 5.83% due 07/25/643		93,141		92,920
PRPM LLC
2024-5, 5.69% due 09/25/291,3		140,870		140,335
2024-6, 5.70% due 11/25/291,3		97,468		97,478
FIGRE Trust
2024-HE5, 5.44% (WAC) due 10/25/54◊,1		143,682		142,706
2024-HE4, 5.06% (WAC) due 09/25/54◊,1		95,022		93,259
Mill City Securities Ltd.
2024-RS2, 3.00% due 08/01/691,3		100,000		92,409
2024-RS1, 3.00% due 11/01/691,3		98,512		89,695
Towd Point Mortgage Trust
2024-4, 4.38% (WAC) due 10/27/64◊,1		97,546		94,735
2023-CES2, 7.29% (WAC) due 10/25/63◊,1		76,093		77,470
NYMT Loan Trust
2021-SP1, 4.67% due 08/25/611,3		160,235		159,096
JP Morgan Mortgage Trust
2024-NQM1, 5.95% due 02/25/641,3		150,000		150,139
LHOME Mortgage Trust
2024-RTL5, 5.32% due 09/25/391,3		100,000		99,039
Finance of America HECM Buyout
2024-HB1, 5.00% (WAC) due 10/01/34◊,1		100,000		98,202
Mill City Mortgage Loan Trust
2021-NMR1, 2.50% (WAC) due 11/25/60◊,1		120,000		97,872
Cross Mortgage Trust
2024-H7, 5.97% due 11/25/691,3		98,159		97,564
HOMES Trust
2024-AFC2, 5.98% (WAC) due 10/25/59◊,1		97,374		97,166
BRAVO
2024-NQM6, 5.66% due 08/01/641,3		96,773		96,348
ATLX Trust
2024-RPL1, 3.85% due 04/25/641,3		96,887		92,425
BRAVO Residential Funding Trust
2022-R1, 3.13% due 01/29/701,3		92,769		92,090
New Residential Mortgage Loan Trust
2024-NQM2, 5.42% due 09/25/641		90,883		89,829
Citigroup Mortgage Loan Trust, Inc.
2022-A, 6.17% due 09/25/621,3		81,194		81,209
Verus Securitization Trust 2023-3
2023-3, 6.74% due 03/25/681,3		67,107		67,565
Total Residential Mortgage-Backed Securities				2,527,839
Military Housing - 0.4%
Freddie Mac Military Housing Bonds Resecuritization Trust Certificates
2015-R1, 0.70% (WAC) due 10/25/52◊,1,4		913,759		46,777
Commercial Mortgage-Backed Securities - 0.2%
BXHPP Trust
2021-FILM, 5.61% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36◊,1		25,000		23,452
Total Collateralized Mortgage Obligations
(Cost $2,620,781)				2,598,068
SENIOR FLOATING RATE INTERESTS††,◊ - 7.7%
Consumer, Cyclical - 2.3%
Pacific Bells LLC
due 11/10/28		100,000		99,950
Caesars Entertainment, Inc.
due 02/06/30		98,503		98,462
Belron Finance US, LLC
7.27% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/16/31		59,850		60,336
PCI Gaming Authority, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/18/31		29,850		29,763
Truck Hero, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 01/31/28		9,948		9,630

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 7.7% (continued)
Consumer, Cyclical - 2.3% (continued)
Crash Champions Inc.
9.27% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 02/23/29	$	9,962	$	9,411
Total Consumer, Cyclical				307,552
Industrial - 2.1%
Cognita Ltd.
8.82% (1 Month SOFR + 4.00%, Rate Floor: 4.50%) due 10/27/31†††		50,000		50,500
Jefferies Finance LLC
due 10/09/31		50,000		50,250
StandardAero
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 10/31/31		50,000		50,187
United Airlines, Inc.
6.63% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 02/22/31		49,874		49,964
Artera Services LLC
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 02/15/31		29,850		29,543
Service Logic Acquisition, Inc.
8.09% (3 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 10/29/27		24,875		25,015
TransDigm, Inc.
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/19/32		24,938		24,976
Capstone Acquisition Holdings, Inc.
8.96% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 11/12/29†††		9,172		9,123
Total Industrial				289,558
Financial - 1.2%
Jefferies Finance LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 10/21/31		50,000		50,156
CPI Holdco B, LLC
due 05/16/31		50,000		49,938
Alliant Holdings Intermediate LLC
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 09/19/31		24,938		24,976
Duff & Phelps
8.08% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 04/09/27		24,870		24,279
Asurion LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30		19,950		19,879
Total Financial				169,228
Basic Materials - 0.7%
SCIH Salt Holdings, Inc.
7.57% (3 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 03/16/27		100,000		100,163
Energy - 0.4%
ITT Holdings LLC
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/11/30		49,874		50,111
Communications - 0.4%
Speedster Bidco GMBH
due 10/17/31		50,000		50,084
Consumer, Non-cyclical - 0.3%
Froneri US, Inc.
due 09/30/31		25,000		25,005
HAH Group Holding Co. LLC
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31		10,000		9,987
Total Consumer, Non-cyclical				34,992
Utilities - 0.2%
Calpine Construction Finance Company, LP
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/31/30		25,000		24,923
Technology - 0.1%
DS Admiral Bidco LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 06/26/31		9,975		9,651
Total Senior Floating Rate Interests
(Cost $1,032,926)				1,036,262
CORPORATE BONDS†† - 4.8%
Financial - 1.3%
American National Group, Inc.
5.75% due 10/01/29		60,000		60,069
OneMain Finance Corp.
6.63% due 05/15/29		50,000		50,622
Focus Financial Partners LLC
6.75% due 09/15/311		25,000		24,901
Ryan Specialty LLC
5.88% due 08/01/321		25,000		24,736

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 4.8% (continued)
Financial - 1.3% (continued)
Farmers Insurance Exchange
7.00% due 10/15/641,5	$	20,000	$	20,620
Total Financial				180,948
Consumer, Non-cyclical - 1.3%
Health Care Service Corporation A Mutual Legal Reserve Co.
5.88% due 06/15/541		50,000		48,399
Performance Food Group, Inc.
6.13% due 09/15/321		25,000		24,999
Prime Security Services Borrower LLC / Prime Finance, Inc.
5.75% due 04/15/261		25,000		24,986
Williams Scotsman, Inc.
6.13% due 06/15/251		25,000		24,906
Graham Holdings Co.
5.75% due 06/01/261		25,000		24,892
AMN Healthcare, Inc.
4.63% due 10/01/271		25,000		23,752
Total Consumer, Non-cyclical				171,934
Consumer, Cyclical - 1.1%
AS Mileage Plan IP Ltd.
5.31% due 10/20/311		50,000		48,817
Six Flags Entertainment Corporation / Six Flags Theme Parks, Inc.
6.63% due 05/01/321		25,000		25,338
1011778 BC ULC / New Red Finance, Inc.
5.63% due 09/15/291		25,000		24,626
Hilton Domestic Operating Company, Inc.
5.88% due 03/15/331		25,000		24,599
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.
6.25% due 03/15/331		25,000		24,562
Total Consumer, Cyclical				147,942
Industrial - 0.5%
Boeing Co.
6.53% due 05/01/34		40,000		41,904
Atkore, Inc.
4.25% due 06/01/311		25,000		22,074
Total Industrial				63,978
Energy - 0.4%
Buckeye Partners, LP
4.13% due 03/01/251		25,000		24,933
Viper Energy, Inc.
5.38% due 11/01/271		25,000		24,652
Total Energy				49,585
Technology - 0.2%
ACI Worldwide, Inc.
5.75% due 08/15/261		25,000		24,955
Total Corporate Bonds
(Cost $646,461)				639,342
		Contracts/Notional Value
OTC OPTIONS PURCHASED†† - 0.0%
Put Options on:
Foreign Exchange Options
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $161,584)	EUR	102,000		1,615
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $161,584)	EUR	102,000		1,615
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $112,475)	EUR	71,000		1,127
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $49,109)	EUR	31,000		492
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $47,525)	EUR	30,000		476
BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $7,921)	EUR	5,000		80
Total Foreign Exchange Options				5,405
Total OTC Options Purchased
(Cost $4,701)				5,405

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Contracts/Notional Value		Value
OTC INTEREST RATE SWAPTIONS PURCHASED††,6 - 0.0%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.60% (Notional Value $250,480)	GBP	200,000	$	1,031
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.23% (Notional Value $250,480)	GBP	200,000		610
Total Interest Rate Call Swaptions				1,641
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.48% (Notional Value $250,480)	GBP	200,000		995
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.85% (Notional Value $250,480)	GBP	200,000		589
Total Interest Rate Put Swaptions				1,584
Total OTC Interest Rate Swaptions Purchased
(Cost $4,272)				3,225
Total Investments - 96.0%
(Cost $12,931,947)			$	12,898,893
OTC INTEREST RATE SWAPTIONS WRITTEN††,6 - (0.0)%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 2.73% (Notional Value $250,480)	GBP	200,000		(304	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.10% (Notional Value $250,480)	GBP	200,000		(511	)
Total Interest Rate Call Swaptions				(815	)
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.60% (Notional Value $250,480)	GBP	200,000		(847	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.23% (Notional Value $250,480)	GBP	200,000		(1,413	)
Total Interest Rate Put Swaptions				(2,260	)
Total OTC Interest Rate Swaptions Written
(Premiums received $3,750)				(3,075	)
Other Assets & Liabilities, net - 4.0%				534,306
Total Net Assets - 100.0%			$	13,430,124

Centrally Cleared Interest Rate Swap Agreements^††

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.12	%	Annually	12/30/27	$	3,200,000	$	5,209		$	257	$	4,952
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	12/30/29		1,900,000		4,073			258		3,815
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	12/30/31		800,000		1,869			254		1,615
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.10	%	Annually	12/26/29		600,000		1,637			252		1,385
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.07	%	Annually	12/23/29		500,000		634			64		570
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.15	%	Annually	12/26/26		500,000		618			249		369
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	01/03/27		4,000,000		–			260		(260	)
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		3.91	%	Annually	12/23/54		50,000		(184	)		251		(435	)
											$	13,856		$	1,845	$	12,011

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Forward Foreign Currency Exchange Contracts^††

Counterparty	Currency	Type	Quantity	Contract Amount	Settlement Date	Unrealized Appreciation
Bank of America, N.A.	EUR	Sell	3,000	3,165 USD	02/27/25	$	49
Barclays Bank plc	EUR	Sell	2,000	2,108 USD	02/27/25		31
						$	80

OTC Interest Rate Swaptions Purchased

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate			Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.60%	10/31/25		3.60	%	$	250,480	$	1,031
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.23%	10/28/25		3.23	%		250,480		610
												$	1,641
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.48%	10/28/25		4.48	%	$	250,480	$	995
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.85%	10/31/25		4.85	%		250,480		589
												$	1,584

OTC Interest Rate Swaptions Written

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate			Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		2.73%	10/28/25		2.73	%	$	250,480	$	(304	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		3.10%	10/31/25		3.10	%		250,480		(511	)
												$	(815	)
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.60%	10/31/25		4.60	%	$	250,480	$	(847	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.23%	10/28/25		4.23	%		250,480		(1,413	)
												$	(2,260	)

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $10,850,592 (cost $10,886,391), or 80.8% of total net assets.
2	Rate indicated is the 7-day yield as of December 31, 2024.
3	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
4	Security is an interest-only strip.
5	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
6	Swaptions — See additional disclosure in the swaptions table above for more information on swaptions.

CME — Chicago Mercantile Exchange

EUR — Euro

GBP — British Pound

plc — Public Limited Company

REIT — Real Estate Investment Trust

SOFR — Secured Overnight Financing Rate

WAC — Weighted Average Coupon

SONIA — Sterling Overnight Index Average

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Preferred Stocks	$	—	$	73,188	$	—	$	73,188
Money Market Funds		560,743		—		—		560,743
Asset-Backed Securities		—		7,657,660		325,000		7,982,660
Collateralized Mortgage Obligations		—		2,598,068		—		2,598,068
Senior Floating Rate Interests		—		976,639		59,623		1,036,262
Corporate Bonds		—		639,342		—		639,342
Options Purchased		—		5,405		—		5,405
Interest Rate Swaptions Purchased		—		3,225		—		3,225
Interest Rate Swap Agreements**		—		12,706		—		12,706
Forward Foreign Currency Exchange Contracts**		—		80		—		80
Total Assets	$	560,743	$	11,966,313	$	384,623	$	12,911,679

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swaptions Written	$	—	$	3,075	$	—	$	3,075
Interest Rate Swap Agreements**		—		695		—		695
Unfunded Loan Commitments (Note 5)		—		—		4		4
Total Liabilities	$	—	$	3,770	$	4	$	3,774

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Active INvestment Series (GAINS) - Core Plus Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $93,204 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy: 

Category	Ending Balance at December 31, 2024		Valuation Technique	Unobservable Inputs	Input Range		Weighted Average*
Assets:
Asset-Backed Securities	$	225,000	Third Party Pricing	Broker Quote		—		—
Asset-Backed Securities		100,000	Third Party Pricing	Trade Price		—		—
Senior Floating Rate Interests		50,500	Third Party Pricing	Broker Quote		—		—
Senior Floating Rate Interests		9,123	Model Price	Purchase Price		—		—
Total Assets	$	384,623
Liabilities:
Unfunded Loan Commitments	$	4	Model Price	Purchase Price		—		—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Summary of Fair Value Level 3 Activity

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2024:

	Assets								Liabilities
		Corporate Bonds		Senior Floating Rate Interests			Total Assets			Unfunded Loan Commitments
Beginning Balance	$	-	$	9,143		$	9,143		$	(5	)
Purchases/(Receipts)		325,000		49,751			374,751			-
(Sales, maturities and paydowns)/Fundings		-		(23	)		(23	)		-
Amortization of premiums/discounts		-		9			9			-
Total realized gains (losses) included in earnings		-		-			-			-
Total change in unrealized appreciation (depreciation) included in earnings		-		743			743			1
Ending Balance	$	325,000	$	59,623		$	384,623		$	(4	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31 , 2024	$	-	$	743		$	743		$	1

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date	Future Reset Rate	Future Reset Date
ATLX Trust 2024-RPL1, 3.85% due 04/25/64	4.85%	08/01/28	—	—
BRAVO 2024-NQM6, 5.66% due 08/01/64	6.66%	08/01/28	—	—
BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70	6.13%	01/30/25	—	—
Citigroup Mortgage Loan Trust, Inc. 2022-A, 6.17% due 09/25/62	9.17%	09/25/25	10.17%	09/25/26
Cross Mortgage Trust 2024-H7, 5.97% due 11/25/69	6.97%	10/01/28	—	—
JP Morgan Mortgage Trust 2024-NQM1, 5.95% due 02/25/64	6.95%	12/01/28	—	—
LHOME Mortgage Trust 2024-RTL5, 5.32% due 09/25/39	6.32%	03/25/27	—	—
Mill City Securities Ltd. 2024-RS2, 3.00% due 08/01/69	6.00%	12/01/27	—	—
Mill City Securities Ltd. 2024-RS1, 3.00% due 11/01/69	6.00%	10/01/27	—	—
NYMT Loan Trust 2021-SP1, 4.67% due 08/25/61	5.67%	08/01/25	—	—
OBX Trust 2024-NQM15, 5.72% due 10/25/64	6.72%	10/01/28	—	—
OBX Trust 2024-NQM13, 5.37% due 06/25/64	6.37%	08/01/28	—	—
OBX Trust 2024-NQM12, 5.83% due 07/25/64	6.83%	08/01/28	—	—
OBX Trust 2024-NQM16, 5.73% due 10/25/64	6.73%	10/01/28	—	—
PRPM LLC 2024-5, 5.69% due 09/25/29	8.69%	09/25/27	9.69%	09/25/28
PRPM LLC 2024-6, 5.70% due 11/25/29	8.70%	11/25/27	9.70%	11/25/28
Verus Securitization Trust 2023-3 2023-3, 6.74% due 03/25/68	7.74%	04/01/27	—	—

Active INvestment Series (GAINS) - Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
MONEY MARKET FUNDS***,† - 52.5%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.33%1		5,365,953	$	5,365,953
Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.34%1		707		707
Total Money Market Funds
(Cost $5,366,660)				5,366,660
		Face Amount
ASSET-BACKED SECURITIES†† - 32.9%
Collateralized Loan Obligations - 19.2%
Owl Rock CLO X LLC
2023-10A A, 7.07% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/20/35◊,2		1,000,000		1,003,476
Fortress Credit Opportunities XXV CLO LLC
2024-25A A1T, 5.99% (3 Month Term SOFR + 1.59%, Rate Floor: 1.59%) due 01/15/37◊,2		250,000		250,000
Ares Direct Lending CLO 2 LLC
2024-2A B, 6.50% (3 Month Term SOFR + 1.90%, Rate Floor: 1.90%) due 10/20/36◊,2		100,000		101,691
Barings CLO Limited 2022-III
2024-3A BR, 6.39% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 10/20/37◊,2		100,000		100,858
ABPCI Direct Lending Fund CLO V Ltd.
2024-5A A1RR, 6.82% (3 Month Term SOFR + 2.20%, Rate Floor: 2.20%) due 01/20/36◊,2		100,000		100,610
Owl Rock CLO XIII LLC
2023-13A A, 6.90% (3 Month Term SOFR + 2.55%, Rate Floor: 2.55%) due 09/20/35◊,2		100,000		100,601
BDS LLC
2024-FL13 AS, 6.36% (1 Month Term SOFR + 1.99%, Rate Floor: 1.99%) due 09/19/39◊,2		100,000		100,229
BCRED MML CLO 2022-1 LLC
2022-1A A1, 6.27% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 04/20/35◊,2		100,000		100,050
BSPRT Issuer LLC
2024-FL11 B, 6.69% (1 Month Term SOFR + 2.29%, Rate Floor: 2.29%) due 07/15/39◊,2		100,000		99,897
Total Collateralized Loan Obligations				1,957,412
Transport-Aircraft - 7.0%
Slam Ltd.
2024-1A, 5.34% due 09/15/492		492,079		482,420
Navigator Aviation Ltd.
2024-1, 5.40% due 08/15/492		244,048		238,219
Total Transport-Aircraft				720,639
Whole Business - 4.3%
Five Guys Holdings, Inc.
2023-1A, 7.55% due 01/26/542		100,000		103,393
SERVPRO Master Issuer LLC
2024-1A, 6.17% due 01/25/542		99,250		99,555
Applebee's Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/05/492		99,000		97,259
Arbys Funding LLC
2020-1A, 3.24% due 07/30/502		95,750		90,915
Subway Funding LLC
2024-3A, 5.25% due 07/30/542		50,000		48,688
Total Whole Business				439,810
Unsecured Consumer Loans - 1.0%
Foundation Finance Trust
2024-2A, 4.93% due 03/15/502		100,000		98,537
Single Family Residence - 0.9%
Invitation Homes Trust
2024-SFR1, 4.00% due 09/17/412		100,000		93,565
Infrastructure - 0.5%
SBA Tower Trust
4.83% due 10/15/292		50,000		48,840
Total Asset-Backed Securities
(Cost $3,373,418)				3,358,803
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 10.8%
Residential Mortgage-Backed Securities - 10.6%
OBX Trust
2024-NQM13, 5.37% due 06/25/642,3		94,726		93,898
2024-NQM12, 5.83% due 07/25/643		93,141		92,920

Active INvestment Series (GAINS) - Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 10.8% (continued)
Residential Mortgage-Backed Securities - 10.6% (continued)
JP Morgan Mortgage Trust
2024-NQM1, 5.95% due 02/25/642,3		100,000	$	100,092
Mill City Mortgage Loan Trust
2021-NMR1, 2.50% (WAC) due 11/25/60◊,2		120,000		97,872
BRAVO
2024-NQM6, 5.66% due 08/01/642,3		96,773		96,348
FIGRE Trust
2024-HE4, 5.06% (WAC) due 09/25/54◊,2		95,022		93,259
ATLX Trust
2024-RPL1, 3.85% due 04/25/642,3		96,887		92,425
BRAVO Residential Funding Trust
2022-R1, 3.13% due 01/29/702,3		92,769		92,090
New Residential Mortgage Loan Trust
2024-NQM2, 5.42% due 09/25/642		90,883		89,829
Mill City Securities Ltd.
2024-RS1, 3.00% due 11/01/692,3		98,512		89,695
Towd Point Mortgage Trust
2023-CES2, 7.29% (WAC) due 10/25/63◊,2		76,093		77,471
NYMT Loan Trust
2021-SP1, 4.67% due 08/25/612,3		64,094		63,638
Total Residential Mortgage-Backed Securities				1,079,537
Commercial Mortgage-Backed Securities - 0.2%
BXHPP Trust
2021-FILM, 5.61% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36◊,2		25,000		23,453
Total Collateralized Mortgage Obligations
(Cost $1,114,106)				1,102,990
CORPORATE BONDS†† - 2.6%
Consumer, Non-cyclical - 1.0%
Prime Security Services Borrower LLC / Prime Finance, Inc.
5.75% due 04/15/262		25,000		24,986
Williams Scotsman, Inc.
6.13% due 06/15/252		25,000		24,906
Graham Holdings Co.
5.75% due 06/01/262		25,000		24,892
AMN Healthcare, Inc.
4.63% due 10/01/272		25,000		23,752
Total Consumer, Non-cyclical				98,536
Consumer, Cyclical - 0.5%
Six Flags Entertainment Corporation / Six Flags Theme Parks, Inc.
6.63% due 05/01/322		25,000		25,338
1011778 BC ULC / New Red Finance, Inc.
5.63% due 09/15/292		25,000		24,625
Total Consumer, Cyclical				49,963
Energy - 0.5%
Buckeye Partners, LP
4.13% due 03/01/252		25,000		24,933
Viper Energy, Inc.
5.38% due 11/01/272		25,000		24,652
Total Energy				49,585
Financial - 0.4%
American National Group, Inc.
5.75% due 10/01/29		30,000		30,035
Focus Financial Partners LLC
6.75% due 09/15/312		10,000		9,960
Total Financial				39,995
Technology - 0.2%
ACI Worldwide, Inc.
5.75% due 08/15/262		25,000		24,955
Total Corporate Bonds
(Cost $264,510)				263,034
SENIOR FLOATING RATE INTERESTS††,◊ - 2.4%
Industrial - 0.8%
Service Logic Acquisition, Inc.
8.09% (3 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 10/29/27		24,875		25,015
TransDigm, Inc.
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/19/32		24,938		24,976
StandardAero
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 10/31/31		20,000		20,075
Capstone Acquisition Holdings, Inc.
8.96% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 11/12/29†††		9,172		9,123
Total Industrial				79,189
Financial - 0.7%
Ryan Specialty LLC
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 3.00%) due 09/15/31		25,000		25,063
Duff & Phelps
8.08% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 04/09/27		24,870		24,279

Active INvestment Series (GAINS) - Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 2.4% (continued)
Financial - 0.7% (continued)
Citadel Securities, LP
6.33% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/31/31		20,000	$	20,045
Total Financial				69,387
Consumer, Cyclical - 0.4%
PCI Gaming Authority, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/18/31		29,850		29,763
Truck Hero, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 01/31/28		9,948		9,630
Total Consumer, Cyclical				39,393
Consumer, Non-cyclical - 0.3%
Froneri US, Inc.
due 09/30/31		25,000		25,005
HAH Group Holding Co. LLC
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31		10,000		9,987
Total Consumer, Non-cyclical				34,992
Utilities - 0.2%
Calpine Construction Finance Company, LP
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/31/30		25,000		24,923
Total Senior Floating Rate Interests
(Cost $247,787)				247,884
		Contracts/Notional Value
OTC OPTIONS PURCHASED†† - 0.0%
Foreign Exchange Options
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $45,941)	EUR	29,000		459
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $45,941)	EUR	29,000		459
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $52,277)	EUR	33,000		524
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $31,683)	EUR	20,000		318
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $14,257)	EUR	9,000		143
BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $9,505)	EUR	6,000		95
Total Foreign Exchange Options				1,998
Total OTC Options Purchased
(Cost $1,708)				1,998

Active INvestment Series (GAINS) - Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Contracts/Notional Value		Value
OTC INTEREST RATE SWAPTIONS PURCHASED††,4 - 0.0%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.60% (Notional Value $125,240)	GBP	100,000	$	516
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.23% (Notional Value $125,240)	GBP	100,000		305
Total Interest Rate Swaptions				821
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.48% (Notional Value $125,240)	GBP	100,000		497
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.85% (Notional Value $125,240)	GBP	100,000		295
Total Interest Rate Swaptions				792
Total OTC Interest Rate Swaptions Purchased
(Cost $2,136)				1,613
Total Investments - 101.2%
(Cost $10,370,325)			$	10,342,982
OTC INTEREST RATE SWAPTIONS WRITTEN††,4 - (0.0)%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 2.73% (Notional Value $125,240)	GBP	100,000		(152	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.10% (Notional Value $125,240)	GBP	100,000		(256	)
Total Interest Rate Call Swaptions				(408	)
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.60% (Notional Value $125,240)	GBP	100,000		(423	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.23% (Notional Value $125,240)	GBP	100,000		(707	)
Total Interest Rate Put Swaptions				(1,130	)
Total OTC Interest Rate Swaptions Written
(Premiums received $1,875)				(1,538	)
Other Assets & Liabilities, net - (1.2)%				(122,654	)
Total Net Assets - 100.0%			$	10,220,328

Centrally Cleared Interest Rate Swap Agreements^†† 

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.13	%	Annually	12/23/26	$	1,000,000	$	725		$	249	$	476
J.P. Morgan Securities LLC	CME	Receive	U.S. Secured Overnight Financing Rate		4.11	%	Annually	12/23/39		90,000		91			251		(160	)
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	01/03/27		950,000		–			252		(252	)
J.P. Morgan Securities LLC	CME	Receive	U.S. Secured Overnight Financing Rate		4.07	%	Annually	12/23/31		600,000		(531	)		253		(784	)
J.P. Morgan Securities LLC	CME	Receive	U.S. Secured Overnight Financing Rate		4.08	%	Annually	12/23/29		670,000		(1,122	)		252		(1,374	)
											$	(837	)	$	1,257	$	(2,094	)

Active INvestment Series (GAINS) - Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Forward Foreign Currency Exchange Contracts^††

Counterparty	Currency	Type	Quantity	Contract Amount	Settlement Date	Unrealized Appreciation
Barclays Bank plc	EUR	Sell	2,000	2,108 USD	02/27/25	$	31
Bank of America, N.A.	EUR	Sell	1,000	1,055 USD	02/27/25		16
						$	47

OTC Interest Rate Swaptions Purchased

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate			Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.60%	10/31/25		3.60	%	$	125,240	$	516
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.23%	10/28/25		3.23	%		125,240		305
												$	821
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.48%	10/28/25		4.48	%		125,240	$	497
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.85%	10/31/25		4.85	%		125,240		295
												$	792

OTC Interest Rate Swaptions Written

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate			Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		2.73%	10/28/25		2.73	%	$	125,240	$	(152	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		3.10%	10/31/25		3.10	%		125,240		(256	)
												$	(408	)
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.60%	10/31/25		4.60	%	$	125,240	$	(423	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.23%	10/28/25		4.23	%		125,240		(707	)
												$	(1,130	)

**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Rate indicated is the 7-day yield as of December 31, 2024.
2	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $4,601,872 (cost $4,628,907), or 45.0% of total net assets.
3	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
4	Swaptions — See additional disclosure in the swaptions table above for more information on swaptions.

Active INvestment Series (GAINS) - Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

CME — Chicago Mercantile Exchange

EUR — Euro

GBP — British Pound

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Money Market Funds	$	5,366,660	$	—	$	—	$	5,366,660
Asset-Backed Securities		—		3,358,803		—		3,358,803
Collateralized Mortgage Obligations		—		1,102,990		—		1,102,990
Corporate Bonds		—		263,034		—		263,034
Senior Floating Rate Interests		—		238,761		9,123		247,884
Options Purchased		—		1,998		—		1,998
Interest Rate Swaptions Purchased		—		1,613		—		1,613
Interest Rate Swap Agreements**		—		476		—		476
Forward Foreign Currency Exchange Contracts**		—		47		—		47
Total Assets	$	5,366,660	$	4,967,722	$	9,123	$	10,343,505

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swaptions Written	$	—	$	1,538	$	—	$	1,538
Interest Rate Swap Agreements**		—		2,570		—		2,570
Unfunded Loan Commitments (Note 5)		—		—		4		4
Total Liabilities	$	—	$	4,108	$	4	$	4,112

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date
ATLX Trust 2024-RPL1, 3.85% due 04/25/64	4.85%	08/01/28
BRAVO 2024-NQM6, 5.66% due 08/01/64	6.66%	08/01/28
BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70	6.13%	01/30/25
JP Morgan Mortgage Trust 2024-NQM1, 5.95% due 02/25/64	6.95%	12/01/28
Mill City Securities Ltd. 2024-RS1, 3.00% due 11/01/69	6.00%	10/01/27
NYMT Loan Trust 2021-SP1, 4.67% due 08/25/61	5.67%	08/01/25
OBX Trust 2024-NQM13, 5.37% due 06/25/64	6.37%	08/01/28
OBX Trust 2024-NQM12, 5.83% due 07/25/64	6.83%	08/01/28

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
COMMON STOCKS† - 0.0%
Communications - 0.0%
Vacasa, Inc. — Class A*		1,596	$	7,821
Financial - 0.0%
Pershing Square Tontine Holdings, Ltd. — Class A*,†††,1		622,890		62
Industrial - 0.0%
Constar International Holdings LLC*,†††		68		–
Total Common Stocks
(Cost $318,203)				7,883
PREFERRED STOCKS†† - 1.6%
Financial - 1.5%
Charles Schwab Corp.
4.00%		8,500,000		7,338,059
Wells Fargo & Co.
3.90%		5,550,000		5,392,492
6.85%		850,000		877,328
State Street Corp.
6.70%		4,870,000		4,966,212
Bank of New York Mellon Corp.
3.75%		3,900,000		3,685,792
MetLife, Inc.
3.85%		3,520,000		3,455,831
JPMorgan Chase & Co.
3.65%		2,350,000		2,279,699
Markel Group, Inc.
6.00%		1,360,000		1,357,454
Kuvare US Holdings, Inc.
7.00% due 02/17/512		1,000,000		1,001,250
Depository Trust & Clearing Corp.
3.38%2		1,000,000		944,745
CNO Financial Group, Inc.
5.13% due 11/25/60		47,725		912,502
Corebridge Financial, Inc.
6.38% due 12/15/64		3,405		86,793
First Republic Bank
4.25%*		77,975		47
Total Financial				32,298,204
Government - 0.1%
CoBank ACB
7.13%		1,250,000		1,270,770
Industrial - 0.0%
Constar International Holdings LLC *,†††		7		–
Total Preferred Stocks
(Cost $37,086,851)				33,568,974
WARRANTS† - 0.0%
Ginkgo Bioworks Holdings, Inc.
Expiring 09/16/26*		6,510		58
Pershing Square SPARC Holdings, Ltd.
Expiring 12/31/49*,†††,1		190,327		19
Pershing Square Tontine Holdings, Ltd.
Expiring 07/24/25*,†††,1		69,210		7
Total Warrants
(Cost $15,075)				84
MONEY MARKET FUNDS***,† - 1.2%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.33%3		22,217,198		22,217,198
Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.34%3		2,511,628		2,511,628
Total Money Market Funds
(Cost $24,728,826)				24,728,826
		Face Amount
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 32.8%
Government Agency -  22.9%
Uniform MBS 30 Year
due 03/01/254		74,702,000		72,035,662
due 02/01/254		55,802,000		53,836,430
due 03/01/254		45,750,000		42,996,079
due 03/25/254		42,250,000		35,835,985
due 02/01/254		21,280,000		20,992,507
due 03/01/254		18,405,000		14,979,977
due 02/01/254		15,965,000		12,408,046
Fannie Mae
5.50% due 05/01/53		26,367,270		26,071,284
3.00% due 05/01/52		17,749,558		15,113,146
5.00% due 05/01/53		12,634,683		12,221,336
5.50% due 06/01/54		10,289,030		10,156,931
5.50% due 07/01/54		9,479,562		9,413,485
6.00% due 07/01/54		9,083,191		9,204,233
5.00% due 04/01/53		7,520,717		7,279,860
5.00% due 06/01/53		6,941,560		6,738,869
5.00% due 08/01/53		5,429,143		5,252,889
6.00% due 09/01/54		3,266,893		3,305,405
5.50% due 09/01/54		3,271,259		3,242,993
6.50% due 04/25/49		2,733,994		2,775,758
2.78% due 05/01/51		2,596,712		1,944,323
2.32% due 02/01/51		1,961,345		1,390,257
2.00% due 09/01/50		1,977,819		1,356,417
2.11% due 10/01/50		1,747,351		1,218,144
2.27% due 02/01/51		1,632,822		1,150,435
2.39% due 02/01/51		1,359,441		974,055
4.24% due 08/01/48		980,882		848,082
2.58% due 10/01/51		1,139,489		827,451
3.46% due 08/01/49		908,870		755,273
4.37% due 10/01/48		684,832		628,892
4.25% due 05/01/48		599,869		539,772
due 12/25/435		609,459		444,274
Freddie Mac
6.00% due 08/01/54		18,753,359		19,006,832
5.50% due 09/01/53		14,529,068		14,510,654
5.50% due 06/01/53		11,801,275		11,681,246
5.50% due 06/01/54		11,432,487		11,285,708
5.50% due 10/01/54		9,832,080		9,705,845
5.00% due 04/01/53		7,513,745		7,270,203
5.00% due 03/01/53		4,080,168		3,949,272
6.00% due 09/01/54		2,033,433		2,058,577
5.50% due 09/01/54		2,031,200		2,016,708
1.98% due 05/01/50		1,306,240		883,016
Ginnie Mae
due 02/01/254		18,906,548		18,350,166
6.00% due 06/20/47		658,374		660,475

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 32.8% (continued)
Government Agency -  22.9% (continued)
Freddie Mac Seasoned Credit Risk Transfer Trust
2.00% due 05/25/60		2,975,304	$	2,332,505
2.00% due 11/25/59		1,117,875		871,446
Fannie Mae-Aces
1.49% (WAC) due 03/25/35◊,6		17,318,811		1,442,742
FARM Mortgage Trust
2.18% (WAC) due 01/25/51◊,2		814,322		641,846
Total Government Agency				482,605,491
Residential Mortgage-Backed Securities -  7.3%
OBX Trust
2024-NQM15, 5.57% due 10/25/642,7		3,422,087		3,403,383
2023-NQM9, 7.66% due 10/25/637		3,052,284		3,111,573
2024-NQM4, 6.22% due 01/25/647		2,505,872		2,514,998
2024-NQM5, 6.29% due 01/25/642,7		1,423,934		1,431,450
2024-NQM6, 6.85% due 02/25/642,7		1,316,223		1,330,000
2024-NQM5, 5.99% due 01/25/642,7		1,220,515		1,226,709
2024-NQM6, 6.45% due 02/25/642,7		1,019,011		1,029,189
2024-NQM7, 6.60% due 03/25/642,7		854,995		862,441
2024-NQM7, 6.24% due 03/25/642,7		854,995		861,725
2024-NQM6, 6.70% due 02/25/642,7		849,176		856,597
2024-NQM8, 6.59% due 05/25/642,7		814,940		821,600
2024-NQM5, 6.39% due 01/25/642,7		813,676		817,582
2024-NQM3, 6.43% due 12/25/637		798,496		804,575
2024-NQM3, 6.13% due 12/25/632,7		798,496		803,975
2024-NQM3, 6.33% due 12/25/637		798,496		803,037
2022-NQM8, 6.10% due 09/25/627		767,426		766,836
2024-NQM8, 6.23% due 05/25/642,7		686,265		692,144
2024-NQM7, 6.45% due 03/25/642,7		512,997		516,407
2022-NQM9, 6.45% due 09/25/622,7		511,393		513,835
2024-NQM2, 6.18% due 12/25/637		411,400		412,758
FIGRE Trust
2024-HE2, 6.38% (WAC) due 05/25/54◊,2		2,878,343		2,932,393
2024-HE1, 6.17% (WAC) due 03/25/54◊,2		2,522,012		2,547,350
2024-HE6, 5.72% (WAC) due 12/25/54◊,2		2,450,000		2,451,531
2024-HE5, 5.44% (WAC) due 10/25/54◊,2		2,394,703		2,378,437
2024-HE4, 5.06% (WAC) due 09/25/54◊,2		1,567,868		1,538,777
2024-HE3, 6.13% (WAC) due 07/25/54◊,2		1,179,311		1,188,320
COLT Mortgage Loan Trust
2023-4, 7.62% due 10/25/687		3,139,132		3,195,122
2021-2, 2.38% (WAC) due 08/25/66◊		4,000,000		2,714,844
2023-3, 7.18% due 09/25/682,7		2,409,621		2,443,953
2024-1, 6.14% due 02/25/697		1,137,024		1,137,602
2024-2, 6.13% due 04/25/692,7		917,735		922,680
2023-3, 7.58% due 09/25/682,7		777,297		791,557
2024-2, 6.43% due 04/25/697		417,152		419,132
2024-2, 6.33% due 04/25/697		417,152		418,971
JP Morgan Mortgage Trust
2021-12, 2.50% (WAC) due 02/25/52◊,2		7,468,969		6,855,740
2021-13, 2.50% (WAC) due 04/25/52◊,2		3,342,730		3,067,379
2024-NQM1, 5.85% due 02/25/642,7		2,000,000		2,002,005
Angel Oak Mortgage Trust
2024-2, 6.25% due 01/25/692,7		4,316,797		4,336,937
2024-4, 6.20% due 01/25/692,7		2,369,224		2,383,554
2024-3, 4.80% due 11/26/687		1,804,434		1,761,153
2023-1, 4.75% due 09/26/672,7		1,341,254		1,308,050
2024-4, 6.50% due 01/25/692,7		719,229		722,943
2024-4, 6.40% due 01/25/697		338,461		340,751
2020-1, 2.77% (WAC) due 12/25/59◊,2		207,110		198,034
Verus Securitization Trust
2024-1, 6.12% due 01/25/697		3,866,148		3,872,544
2024-9, 5.89% due 11/25/692,7		2,650,000		2,637,003
2023-2, 6.85% due 03/25/687		1,377,245		1,387,376

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 32.8% (continued)
Residential Mortgage-Backed Securities -  7.3% (continued)
2023-7, 7.42% due 10/25/682,7		1,113,223	$	1,131,220
GCAT Trust
2022-NQM3, 4.35% (WAC) due 04/25/67◊,2		2,929,308		2,697,258
2023-NQM3, 7.34% due 08/25/687		1,520,571		1,543,208
2023-NQM3, 6.89% due 08/25/682,7		1,520,568		1,539,107
2024-NQM2, 6.54% due 06/25/597		812,717		818,239
2024-NQM2, 6.09% due 06/25/597		406,358		408,465
BRAVO Residential Funding Trust
2023-NQM2, 4.50% due 05/25/627		1,700,451		1,657,894
2024-NQM3, 6.39% due 03/25/647		1,420,061		1,428,200
2023-NQM8, 7.10% due 10/25/632,7		1,207,993		1,224,857
2021-HE1, 6.07% (30 Day Average SOFR + 1.50%, Rate Floor: 0.00%) due 01/25/70◊,2		1,000,000		998,726
2024-CES1, 6.38% due 04/25/542,7		875,958		884,872
Vista Point Securitization Trust
2024-CES2, 5.25% due 10/25/542,7		3,146,770		3,111,251
2024-CES3, 5.68% due 01/25/552,7		2,650,000		2,654,142
Mill City Securities Ltd.
2024-RS1, 3.00% due 11/01/692,7		3,989,720		3,632,640
2024-RS2, 3.00% due 08/01/692,7		2,200,000		2,033,009
RCKT Mortgage Trust
2023-CES2, 6.81% (WAC) due 09/25/43◊		2,939,190		2,976,948
2024-CES4, 6.15% due 06/25/442,7		2,551,004		2,570,544
Towd Point Mortgage Trust
2024-4, 4.38% (WAC) due 10/27/64◊,2		2,975,142		2,889,431
2023-CES2, 7.29% (WAC) due 10/25/63◊,2		1,597,950		1,626,877
2023-CES1, 6.75% (WAC) due 07/25/63◊,2		653,655		660,161
Mill City Mortgage Loan Trust
2021-NMR1, 2.50% (WAC) due 11/25/60◊,2		5,810,000		4,854,657
PRPM LLC
2021-RPL2, 2.93% (WAC) due 10/25/51◊,2		2,472,000		2,099,217
2024-RPL2, 3.50% due 05/25/542		1,956,134		1,871,905
2023-RCF1, 4.00% due 06/25/537		792,689		774,183
GS Mortgage-Backed Securities Trust
2021-PJ10, 2.50% (WAC) due 03/25/52◊,2		4,693,082		4,262,450
2020-NQM1, 1.79% (WAC) due 09/27/60◊,2		141,987		132,646
New Residential Mortgage Loan Trust
2024-NQM2, 5.42% due 09/25/642		1,635,888		1,616,930
2024-NQM2, 5.37% due 09/25/642		1,635,888		1,616,900
2019-6A, 3.50% (WAC) due 09/25/59◊,2		360,465		335,712
Cross Mortgage Trust
2024-H7, 5.59% (WAC) due 11/25/69◊,2		3,190,181		3,185,159
LHOME Mortgage Trust
2024-RTL5, 5.32% due 09/25/392,7		2,200,000		2,178,851
CFMT LLC
2022-HB9, 3.25% (WAC) due 09/25/37◊,2		2,043,535		2,000,814
Morgan Stanley Residential Mortgage Loan Trust
2024-NQM3, 5.35% due 07/25/692,7		956,425		948,877
2024-NQM3, 5.04% (WAC) due 07/25/69◊,2		956,425		947,476
Saluda Grade Alternative Mortgage Trust
2023-FIG4, 6.72% (WAC) due 11/25/53◊,2		1,518,656		1,551,854
Sequoia Mortgage Trust
2024-5, 6.00% (WAC) due 06/25/54◊,2		1,472,107		1,477,162
Imperial Fund Mortgage Trust
2022-NQM2, 4.20% (WAC) due 03/25/67◊,2		782,702		714,042
2022-NQM2, 4.02% (WAC) due 03/25/67◊,2		782,702		709,309
SPS Servicer Advance Receivables Trust
2020-T2, 1.83% due 11/15/552		1,250,000		1,214,742
Starwood Mortgage Residential Trust
2020-1, 2.41% (WAC) due 02/25/50◊,2		632,763		601,511
2020-1, 2.56% (WAC) due 02/25/50◊,2		632,763		601,046

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 32.8% (continued)
Residential Mortgage-Backed Securities -  7.3% (continued)
Ellington Financial Mortgage Trust
2024-CES1, 5.52% due 01/26/602,7		1,000,000	$	1,000,217
American Home Mortgage Investment Trust
2007-1, 2.08% due 05/25/476		5,788,110		799,359
CSMC Trust
2018-RPL9, 3.85% (WAC) due 09/25/57◊,2		595,182		581,056
2020-NQM1, 2.72% due 05/25/652		161,784		148,871
MFRA Trust
2021-INV1, 2.29% (WAC) due 01/25/56◊,2		700,000		634,754
Securitized Asset-Backed Receivables LLC Trust
2006-HE2, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 07/25/36◊		1,331,760		516,357
RALI Series Trust
2006-QO2, 4.89% (1 Month Term SOFR + 0.55%, Rate Floor: 0.44%) due 02/25/46◊		1,487,218		257,208
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 5.67% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46◊		216,160		176,102
MASTR Adjustable Rate Mortgages Trust
2003-5, 3.09% (WAC) due 11/25/33◊		195,672		170,059
Residential Mortgage Loan Trust
2020-1, 2.68% (WAC) due 01/26/60◊		55,052		53,953
Total Residential Mortgage-Backed Securities				154,055,380
Commercial Mortgage-Backed Securities -  2.0%
BX Commercial Mortgage Trust
2021-VOLT, 5.61% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 09/15/36◊,2		3,490,000		3,470,369
2021-VOLT, 6.51% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 09/15/36◊,2		3,450,000		3,441,375
2024-AIRC, 6.09% (1 Month Term SOFR + 1.69%, Rate Floor: 1.69%) due 08/15/39◊,2		1,050,000		1,057,228
2024-AIRC, 6.54% (1 Month Term SOFR + 2.14%, Rate Floor: 2.14%) due 08/15/39◊,2		1,000,000		1,004,375
GS Mortgage Securities Trust
2020-GSA2, 2.34% due 12/12/53		8,000,000		6,192,617
2020-GC45, 0.65% (WAC) due 02/13/53◊,6		18,593,921		458,050
2019-GC42, 0.81% (WAC) due 09/10/52◊,6		13,794,095		413,485
JP Morgan Chase Commercial Mortgage Securities Trust
2016-JP3, 3.42% (WAC) due 08/15/49◊		4,000,000		3,435,808
2021-NYAH, 6.60% (1 Month Term SOFR + 2.20%, Rate Floor: 1.84%) due 06/15/38◊,2		4,000,000		3,399,042
DBGS Mortgage Trust
2018-C1, 4.65% (WAC) due 10/15/51◊		7,000,000		6,467,677
BX Trust
2024-VLT4, 6.54% (1 Month Term SOFR + 2.14%, Rate Floor: 2.14%) due 07/15/29◊,2		1,700,000		1,705,313
2024-VLT4, 6.34% (1 Month Term SOFR + 1.94%, Rate Floor: 1.94%) due 07/15/29◊,2		1,450,000		1,457,513
GS Mortgage Securities Corporation Trust
2020-UPTN, 3.25% (WAC) due 02/10/37◊,2		1,000,000		997,471
2020-DUNE, 6.02% (1 Month Term SOFR + 1.61%, Rate Floor: 1.35%) due 12/15/36◊,2		1,000,000		983,935
SMRT
2022-MINI, 6.35% (1 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 01/15/39◊,2		2,000,000		1,970,000
Life Mortgage Trust
2021-BMR, 5.91% (1 Month Term SOFR + 1.51%, Rate Floor: 1.40%) due 03/15/38◊,2		1,586,268		1,562,474

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 32.8% (continued)
Commercial Mortgage-Backed Securities -  2.0% (continued)
BMP Trust
2024-MF23, 6.04% (1 Month Term SOFR + 1.64%, Rate Floor: 1.64%) due 06/15/41◊,2		1,000,000	$	1,001,562
Extended Stay America Trust
2021-ESH, 6.76% (1 Month Term SOFR + 2.36%, Rate Floor: 2.25%) due 07/15/38◊,2		968,870		971,292
BENCHMARK Mortgage Trust
2019-B14, 0.75% (WAC) due 12/15/62◊,6		18,146,166		419,215
2018-B6, 0.40% (WAC) due 10/10/51◊,6		28,228,288		275,161
Citigroup Commercial Mortgage Trust
2019-GC43, 0.60% (WAC) due 11/10/52◊,6		18,520,247		461,493
2016-C2, 1.65% (WAC) due 08/10/49◊,6		2,141,086		36,324
2016-GC37, 1.64% (WAC) due 04/10/49◊,6		2,728,400		31,600
2016-P5, 1.37% (WAC) due 10/10/49◊,6		1,521,609		23,941
CSAIL Commercial Mortgage Trust
2019-C15, 0.99% (WAC) due 03/15/52◊,6		10,923,869		354,106
UBS Commercial Mortgage Trust
2017-C2, 1.06% (WAC) due 08/15/50◊,6		7,603,912		161,828
SG Commercial Mortgage Securities Trust
2016-C5, 1.82% (WAC) due 10/10/48◊,6		6,924,707		127,644
Morgan Stanley Capital I Trust
2016-UB11, 1.43% (WAC) due 08/15/49◊,6		5,530,045		92,434
JPMDB Commercial Mortgage Securities Trust
2016-C2, 1.47% (WAC) due 06/15/49◊,6		6,077,506		76,904
COMM Mortgage Trust
2015-CR24, 0.68% (WAC) due 08/10/48◊,6		34,846,378		42,711
2015-CR26, 0.89% (WAC) due 10/10/48◊,6		7,919,537		15,130
Wells Fargo Commercial Mortgage Trust
2016-NXS5, 1.39% (WAC) due 01/15/59◊,6		3,137,152		31,448
2016-C37, 0.77% (WAC) due 12/15/49◊,6		2,318,604		25,481
CFCRE Commercial Mortgage Trust
2016-C3, 0.95% (WAC) due 01/10/48◊,6		4,703,691		26,666
CD Mortgage Trust
2016-CD1, 1.34% (WAC) due 08/10/49◊,6		1,998,454		23,273
Total Commercial Mortgage-Backed Securities				42,214,945
Military Housing -  0.6%
Freddie Mac Military Housing Bonds Resecuritization Trust Certificates
2015-R1, 5.25% (WAC) due 11/25/55◊,2		6,689,641		5,765,168
2015-R1, 4.45% (WAC) due 11/25/52◊,2		2,671,868		2,371,226
2015-R1, 0.70% (WAC) due 11/25/55◊,2,6		9,790,799		555,207
Capmark Military Housing Trust
2006-RILY, 6.15% due 07/10/51†††,2		2,207,981		1,923,512
2007-ROBS, 6.06% due 10/10/52†††,2		444,075		381,636
2007-AETC, 5.75% due 02/10/52†††,2		260,782		221,287
GMAC Commercial Mortgage Asset Corp.
2007-HCKM, 6.11% due 08/10/52†††,2		1,395,829		1,229,066
Total Military Housing				12,447,102
Total Collateralized Mortgage Obligations
(Cost $714,288,704)				691,322,918
U.S. GOVERNMENT SECURITIES†† - 28.7%
U.S. Treasury Notes
4.13% due 03/31/31		85,832,400		84,254,624
4.63% due 04/30/31		60,000,000		60,507,063
4.13% due 11/30/29		59,600,000		58,922,872
3.75% due 08/31/31		44,220,000		42,366,216
3.38% due 09/15/27		43,000,000		42,020,447
4.13% due 11/15/27		25,000,000		24,889,685
4.13% due 10/31/31		21,000,000		20,555,035
3.63% due 08/31/29		12,000,000		11,618,997
3.63% due 09/30/31		7,010,000		6,661,326
3.88% due 08/15/34		6,070,000		5,739,417
3.88% due 10/15/27		3,580,000		3,542,373
3.50% due 09/30/26		3,400,000		3,357,174
3.63% due 03/31/28		3,000,000		2,938,269
4.13% due 06/15/26		260,000		259,553
United States Treasury Inflation Indexed Bonds
1.88% due 07/15/34		39,117,211		37,904,389
2.13% due 04/15/29		23,797,594		23,826,323
1.63% due 10/15/29		20,213,070		19,873,452
0.13% due 10/15/25		17,030,720		16,833,877
0.38% due 01/15/27		16,949,974		16,434,424

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
U.S. GOVERNMENT SECURITIES†† - 28.7% (continued)
1.25% due 04/15/28		10,912,455	$	10,631,815
0.50% due 01/15/28		9,955,444		9,516,798
0.13% due 04/15/27		9,111,048		8,732,696
1.38% due 07/15/33		2,005,830		1,876,315
U.S. Treasury Bonds
due 05/15/515,8		167,110,000		47,077,003
due 08/15/535,8		35,000,000		9,206,946
due 05/15/446,8		22,950,000		8,636,299
due 02/15/545,8		28,290,000		7,360,603
due 08/15/545,8		24,990,000		6,393,624
due 02/15/525,8		19,980,000		5,453,150
due 02/15/466,8		10,550,000		3,639,303
due 11/15/446,8		4,600,000		1,688,519
due 11/15/535,8		3,330,000		877,132
Total U.S. Government Securities
(Cost $623,505,061)				603,595,719
CORPORATE BONDS†† - 23.0%
Financial -  11.8%
Pershing Square Holdings Ltd.
3.25% due 10/01/312		6,200,000		5,101,512
3.25% due 11/15/30		4,000,000		3,426,473
Morgan Stanley
6.63% due 11/01/349		2,465,000		2,648,857
5.52% due 11/19/559		2,500,000		2,409,289
5.94% due 02/07/399		1,950,000		1,956,395
5.83% due 04/19/359		1,085,000		1,105,662
Nippon Life Insurance Co.
2.75% due 01/21/512,9		8,150,000		6,875,828
BPCE S.A.
2.28% due 01/20/322,9		8,200,000		6,696,975
American National Group, Inc.
5.00% due 06/15/27		5,036,000		5,009,064
5.75% due 10/01/29		1,000,000		1,001,151
Wilton RE Ltd.
6.00%2,9,10		5,672,000		5,676,231
Liberty Mutual Group, Inc.
4.13% due 12/15/512,9		5,800,000		5,519,341
Global Atlantic Finance Co.
7.95% due 06/15/332		3,841,000		4,252,820
6.75% due 03/15/542		969,000		983,357
GLP Capital Limited Partnership / GLP Financing II, Inc.
4.00% due 01/15/31		4,650,000		4,253,186
5.30% due 01/15/29		900,000		893,476
Safehold GL Holdings LLC
2.85% due 01/15/32		2,428,000		2,039,951
2.80% due 06/15/31		1,831,000		1,563,320
6.10% due 04/01/34		1,400,000		1,424,323
5.65% due 01/15/35		100,000		97,575
Blue Owl Capital GP LLC
7.21% due 08/22/43†††		5,000,000		5,095,379
Brighthouse Financial Global Funding
5.65% due 06/10/292		4,975,000		5,016,944
Citigroup, Inc.
5.83% due 02/13/359		4,900,000		4,876,019
Demeter Investments BV
5.63% due 08/15/52		4,350,000		4,339,747
LPL Holdings, Inc.
4.38% due 05/15/312		3,060,000		2,822,518
6.00% due 05/20/34		1,490,000		1,517,037
Allianz SE
3.20%2,9,10		5,000,000		4,337,090
Iron Mountain, Inc.
4.50% due 02/15/312		1,917,000		1,752,541
5.25% due 07/15/302		1,283,000		1,224,700
5.63% due 07/15/322		1,000,000		955,264
First American Financial Corp.
4.00% due 05/15/30		3,180,000		2,964,207
5.45% due 09/30/34		1,000,000		964,240
Societe Generale S.A.
5.52% due 01/19/282,9		2,750,000		2,759,080
3.34% due 01/21/332,9		1,300,000		1,098,819
FS KKR Capital Corp.
2.63% due 01/15/27		2,150,000		2,034,982
3.25% due 07/15/27		1,800,000		1,707,309
PartnerRe Finance B LLC
4.50% due 10/01/509		4,040,000		3,735,804
CoStar Group, Inc.
2.80% due 07/15/302		4,130,000		3,606,459
Macquarie Group Ltd.
2.87% due 01/14/332,9		2,150,000		1,816,230
2.69% due 06/23/322,9		2,000,000		1,694,947
Brookfield Finance, Inc.
5.97% due 03/04/54		1,300,000		1,313,988
4.70% due 09/20/47		650,000		560,201
3.50% due 03/30/51		630,000		434,239
3.63% due 02/15/52		620,000		431,321
6.35% due 01/05/34		300,000		316,183
5.68% due 01/15/35		300,000		302,094
Lazard Group LLC
6.00% due 03/15/31		3,230,000		3,316,550
Macquarie Bank Ltd.
3.62% due 06/03/302		3,570,000		3,254,937
Fairfax Financial Holdings Ltd.
3.38% due 03/03/31		2,500,000		2,229,645
5.63% due 08/16/32		1,000,000		1,011,442
Maple Grove Funding Trust I
4.16% due 08/15/512		4,750,000		3,195,325
CNO Financial Group, Inc.
6.45% due 06/15/34		2,410,000		2,489,870
5.25% due 05/30/29		700,000		695,070
Jefferies Financial Group, Inc.
6.20% due 04/14/34		1,650,000		1,700,435
2.63% due 10/15/31		1,400,000		1,181,172
Old Republic International Corp.
5.75% due 03/28/34		2,850,000		2,853,216
Nationwide Mutual Insurance Co.
4.35% due 04/30/502		3,687,000		2,758,871
Host Hotels & Resorts, LP
5.70% due 07/01/34		2,750,000		2,745,490

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 23.0% (continued)
Financial -  11.8% (continued)
Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.
3.88% due 03/01/312		3,150,000	$	2,744,585
Pacific Beacon LLC
5.51% due 07/15/362		2,900,000		2,737,118
Standard Chartered plc
5.01% due 10/15/302,9		2,250,000		2,209,377
4.64% due 04/01/312,9		510,000		491,390
UBS Group AG
3.09% due 05/14/322,9		2,950,000		2,565,857
Ares Finance Company II LLC
3.25% due 06/15/302		2,760,000		2,495,472
Accident Fund Insurance Company of America
8.50% due 08/01/322		2,450,000		2,379,424
TPG Operating Group II, LP
5.88% due 03/05/34		2,300,000		2,352,696
Jefferies Finance LLC / JFIN Company-Issuer Corp.
5.00% due 08/15/282		2,450,000		2,298,192
Farmers Insurance Exchange
7.00% due 10/15/642,9		2,200,000		2,268,127
Sumitomo Life Insurance Co.
3.38% due 04/15/812,9		2,500,000		2,201,777
Nuveen LLC
5.85% due 04/15/342		2,150,000		2,175,709
Voya Financial, Inc.
4.80% due 06/15/46		2,500,000		2,129,576
OneAmerica Financial Partners, Inc.
4.25% due 10/15/502		2,848,000		2,081,046
Capital One Financial Corp.
6.05% due 02/01/359		2,000,000		2,032,103
Stewart Information Services Corp.
3.60% due 11/15/31		2,250,000		1,947,984
AmFam Holdings, Inc.
2.81% due 03/11/312		1,800,000		1,401,373
3.83% due 03/11/512		850,000		513,075
Aon North America, Inc.
5.45% due 03/01/34		1,900,000		1,896,689
Westpac Banking Corp.
3.02% due 11/18/369		1,200,000		1,015,233
2.96% due 11/16/40		805,000		572,894
2.67% due 11/15/359		295,000		250,952
Equinix Europe 2 Financing Corporation LLC
5.50% due 06/15/34		1,800,000		1,806,849
Reinsurance Group of America, Inc.
5.75% due 09/15/34		1,750,000		1,763,769
QBE Insurance Group Ltd.
5.88%2,9,10		1,750,000		1,748,105
Mid-Atlantic Military Family Communities LLC
5.30% due 08/01/502		2,127,979		1,731,009
Americo Life, Inc.
3.45% due 04/15/312		2,060,000		1,729,438
KKR Group Finance Company VIII LLC
3.50% due 08/25/502		2,360,000		1,626,630
Trustage Financial Group, Inc.
4.63% due 04/15/322		1,750,000		1,598,653
Dyal Capital Partners III
4.40% due 06/15/40†††		1,750,000		1,593,476
Corebridge Life Holdings, Inc.
8.13% due 03/15/462		1,400,000		1,592,233
Markel Group, Inc.
6.00% due 05/16/54		1,550,000		1,534,959
Australia & New Zealand Banking Group Ltd.
2.57% due 11/25/352,9		1,800,000		1,525,991
HS Wildcat LLC
3.83% due 12/31/50†††		1,978,837		1,394,692
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
5.88% due 05/23/422,9		1,350,000		1,373,269
Beacon Funding Trust
6.27% due 08/15/542		1,350,000		1,333,211
RGA Global Funding
5.05% due 12/06/312		1,300,000		1,278,503
National Australia Bank Ltd.
2.99% due 05/21/312		975,000		842,661
2.33% due 08/21/302		502,000		426,965
Brookfield Capital Finance LLC
6.09% due 06/14/33		1,100,000		1,138,111
Globe Life, Inc.
5.85% due 09/15/34		740,000		744,155
2.15% due 08/15/30		420,000		355,574
Swedbank AB
5.65% (SOFR + 1.03%) due 11/20/29◊,2		1,040,000		1,043,140
Prudential Financial, Inc.
3.70% due 10/01/509		1,160,000		1,031,929
Sumitomo Mitsui Financial Group, Inc.
5.89% (SOFR + 1.17%) due 07/09/29◊		1,000,000		1,013,617
Citibank North America
5.33% (SOFR + 0.71%) due 11/19/27◊		1,010,000		1,011,700
NatWest Markets plc
6.04% (SOFR + 1.14%) due 05/17/29◊,2		1,000,000		1,007,148
Nordea Bank Abp
5.92% (SOFR + 1.02%) due 09/10/29◊,2		1,000,000		1,005,442
Athene Global Funding
5.63% (SOFR Compounded Index + 1.21%) due 03/25/27◊,2		500,000		502,791
2.67% due 06/07/312		590,000		501,262
HSBC Holdings plc
5.29% due 11/19/309		1,010,000		1,003,295

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 23.0% (continued)
Financial -  11.8% (continued)
JPMorgan Chase & Co.
5.54% (SOFR + 0.86%) due 10/22/28◊		1,000,000	$	1,003,187
Banco Santander S.A.
5.82% (SOFR + 1.12%) due 07/15/28◊		1,000,000		1,002,353
DNB Bank ASA
5.70% (SOFR + 1.06%) due 11/05/30◊,2		1,000,000		1,001,800
Blue Owl Finance LLC
6.25% due 04/18/34		970,000		996,521
Credit Agricole S.A.
6.11% (SOFR + 1.21%) due 09/11/28◊,2		990,000		996,336
Jackson Financial, Inc.
4.00% due 11/23/51		1,440,000		992,840
Apollo Global Management, Inc.
5.80% due 05/21/54		980,000		984,144
Pine Street Trust III
6.22% due 05/15/542		960,000		968,740
Carlyle Finance LLC
5.65% due 09/15/482		1,020,000		967,307
Belvoir Land LLC
5.60% due 12/15/352		1,000,000		941,935
VICI Properties Limited Partnership / VICI Note Company, Inc.
4.13% due 08/15/302		1,000,000		929,167
Mutual of Omaha Insurance Co.
6.14% due 01/16/642,9		850,000		838,835
Apollo Management Holdings, LP
2.65% due 06/05/302		930,000		816,906
Deutsche Bank AG NY
3.55% due 09/18/319		880,000		790,063
Fort Moore Family Communities LLC
6.09% due 01/15/512		861,787		766,547
Dyal Capital Partners III (B) LP
6.55% due 06/15/44†††		770,000		762,803
Assurant, Inc.
2.65% due 01/15/32		891,000		745,877
Central Storage Safety Project Trust
4.82% due 02/01/3811		779,200		706,724
BGC Group, Inc.
8.00% due 05/25/28		660,000		700,662
Lloyds Banking Group plc
3.51% due 03/18/269		660,000		657,643
Enstar Group Ltd.
3.10% due 09/01/31		710,000		607,069
Penn Mutual Life Insurance Co.
3.80% due 04/29/612		950,000		605,017
Kemper Corp.
2.40% due 09/30/30		675,000		572,712
Assured Guaranty US Holdings, Inc.
3.60% due 09/15/51		800,000		547,983
Royal Bank of Canada
5.54% (SOFR Compounded Index + 0.86%) due 10/18/28◊		500,000		502,115
Bank of Nova Scotia
5.72% (SOFR Compounded Index + 1.08%) due 08/01/29◊		500,000		501,650
BNP Paribas S.A.
1.32% due 01/13/272,9		520,000		500,572
Barclays plc
6.08% (SOFR + 1.49%) due 03/12/28◊		490,000		495,742
Citizens Financial Group, Inc.
6.65% due 04/25/359		470,000		495,481
Regions Financial Corp.
5.50% due 09/06/359		500,000		488,248
Fidelity National Financial, Inc.
3.40% due 06/15/30		470,000		426,351
2.45% due 03/15/31		70,000		59,044
Brookfield Finance LLC / Brookfield Finance, Inc.
3.45% due 04/15/50		470,000		322,034
Western & Southern Life Insurance Co.
3.75% due 04/28/612		470,000		313,613
Cushman & Wakefield US Borrower LLC
6.75% due 05/15/282		296,000		296,269
Swiss Re Finance Luxembourg S.A.
5.00% due 04/02/492,9		200,000		198,343
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/252		127,000		126,992
KKR Group Finance Company III LLC
5.13% due 06/01/442		100,000		91,351
Total Financial				248,784,353
Industrial -  2.9%
AP Grange Holdings
6.50% due 03/20/45†††		13,128,258		13,292,362
5.00% due 03/20/45†††		1,400,000		1,477,000
Homestead Spe Issuer LLC
7.21% due 04/01/55†††		5,000,000		5,000,000
Berry Global, Inc.
5.80% due 06/15/312		2,350,000		2,391,946
4.88% due 07/15/262		2,156,000		2,147,369

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 23.0% (continued)
Industrial -  2.9% (continued)
Boeing Co.
6.53% due 05/01/34		2,770,000	$	2,901,876
6.86% due 05/01/54		575,000		611,137
3.75% due 02/01/50		841,000		573,594
Howmet Aerospace, Inc.
3.00% due 01/15/29		3,800,000		3,526,849
TD SYNNEX Corp.
6.10% due 04/12/34		1,750,000		1,795,881
2.38% due 08/09/28		1,600,000		1,451,335
FLNG Liquefaction 3 LLC
3.08% due 06/30/39†††		3,918,460		3,115,553
Vontier Corp.
2.95% due 04/01/31		3,450,000		2,962,760
Amazon.com, Inc.
2.65% due 10/10/42†††		3,379,341		2,671,159
Penske Truck Leasing Company Lp / PTL Finance Corp.
5.25% due 07/01/292		2,100,000		2,107,563
Fortune Brands Innovations, Inc.
4.00% due 03/25/32		2,050,000		1,891,513
Smurfit Kappa Treasury ULC
5.44% due 04/03/342		1,850,000		1,846,709
Flowserve Corp.
3.50% due 10/01/30		1,810,000		1,651,154
Cliffwater Corporate Lending Fund
6.77% due 08/04/28†††		1,550,000		1,585,774
Owens Corning
5.95% due 06/15/54		1,380,000		1,363,632
Stadco LA LLC
3.75% due 05/15/56†††		2,000,000		1,350,800
GATX Corp.
6.05% due 06/05/54		1,258,000		1,289,577
Amcor Flexibles North America, Inc.
2.63% due 06/19/30		1,230,000		1,078,091
Cellnex Finance Company S.A.
3.88% due 07/07/412		1,372,000		1,047,879
Dyal Capital Partners III (A) LP
6.55% due 06/15/44†††		980,000		970,840
Avnet, Inc.
5.50% due 06/01/32		800,000		783,795
Sonoco Products Co.
5.00% due 09/01/34		700,000		663,779
Norfolk Southern Corp.
4.10% due 05/15/21		600,000		415,201
Total Industrial				61,965,128
Energy -  2.0%
BP Capital Markets plc
4.88%9,10		6,348,000		6,048,891
6.13%9,10		350,000		343,897
ONEOK, Inc.
6.05% due 09/01/33		3,800,000		3,910,307
3.95% due 03/01/50		2,000,000		1,442,188
Greensaif Pipelines Bidco SARL
5.85% due 02/23/362		1,500,000		1,480,584
6.10% due 08/23/422		800,000		779,982
6.51% due 02/23/422		400,000		404,965
6.13% due 02/23/382		350,000		350,548
Plains All American Pipeline Limited Partnership / PAA Finance Corp.
5.70% due 09/15/34		2,850,000		2,844,069
DT Midstream, Inc.
5.80% due 12/15/342		2,450,000		2,467,246
Galaxy Pipeline Assets Bidco Ltd.
3.25% due 09/30/402		2,986,000		2,249,775
Boardwalk Pipelines, LP
5.63% due 08/01/34		2,000,000		1,991,875
Enbridge, Inc.
5.63% due 04/05/34		1,900,000		1,911,190
Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp.
6.88% due 01/15/29		1,734,000		1,774,650
Energy Transfer, LP
7.38% due 02/01/312		710,000		742,465
6.13% due 12/15/45		500,000		493,498
6.05% due 09/01/54		500,000		489,351
Kinder Morgan Energy Partners, LP
7.50% due 11/15/40		880,000		989,967
5.80% due 03/15/35		725,000		729,336
Midwest Connector Capital Company LLC
4.63% due 04/01/292		1,050,000		1,029,782
Cheniere Energy, Inc.
5.65% due 04/15/34		1,000,000		1,005,744
Texas Eastern Transmission, LP
4.15% due 01/15/482		1,260,000		969,479
Targa Resources Corp.
6.50% due 02/15/53		930,000		969,224
TransCanada PipeLines Ltd.
7.63% due 01/15/39		830,000		960,942
Eni SpA
5.95% due 05/15/542		980,000		940,874
Cheniere Energy Partners, LP
5.95% due 06/30/33		750,000		767,767
5.75% due 08/15/342		150,000		150,996
Viper Energy, Inc.
7.38% due 11/01/312		850,000		889,899
EnLink Midstream Partners, LP
5.60% due 04/01/44		860,000		789,165
NuStar Logistics, LP
6.38% due 10/01/30		534,000		535,449
6.00% due 06/01/26		200,000		200,268
Marathon Petroleum Corp.
6.50% due 03/01/41		710,000		735,620

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 23.0% (continued)
Energy -  2.0% (continued)
Western Midstream Operating, LP
5.30% due 03/01/48		750,000	$	636,961
MPLX, LP
5.50% due 02/15/49		530,000		486,624
DCP Midstream Operating, LP
6.45% due 11/03/362		363,000		373,461
Total Energy				42,887,039
Consumer, Non-cyclical -  1.8%
JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL
5.50% due 01/15/30		2,200,000		2,195,949
3.00% due 05/15/32		1,750,000		1,456,806
4.38% due 02/02/52		1,300,000		979,739
CVS Health Corp.
6.75% due 12/10/549		2,170,000		2,127,768
5.70% due 06/01/34		2,000,000		1,965,856
Smithfield Foods, Inc.
2.63% due 09/13/312		2,500,000		2,058,027
5.20% due 04/01/292		1,200,000		1,173,793
3.00% due 10/15/302		970,000		838,059
BAT Capital Corp.
6.00% due 02/20/34		3,000,000		3,082,162
4.76% due 09/06/49		1,040,000		841,854
GXO Logistics, Inc.
6.50% due 05/06/34		1,250,000		1,281,173
6.25% due 05/06/29		1,250,000		1,279,991
Altria Group, Inc.
4.45% due 05/06/50		1,365,000		1,058,571
3.70% due 02/04/51		1,280,000		870,227
Royalty Pharma plc
3.55% due 09/02/50		2,690,000		1,793,844
Triton Container International Ltd.
3.15% due 06/15/312		2,100,000		1,782,753
Element Fleet Management Corp.
6.32% due 12/04/282		1,500,000		1,563,317
Global Payments, Inc.
2.90% due 11/15/31		1,650,000		1,411,188
3.20% due 08/15/29		114,000		104,421
AZ Battery Property LLC
6.73% due 02/20/46†††		1,420,000		1,400,273
Yale-New Haven Health Services Corp.
2.50% due 07/01/50		2,250,000		1,293,696
Highmark, Inc.
2.55% due 05/10/312		1,500,000		1,214,460
Universal Health Services, Inc.
2.65% due 10/15/30		1,320,000		1,134,554
Transurban Finance Company Pty Ltd.
2.45% due 03/16/312		1,300,000		1,096,740
Pilgrim's Pride Corp.
3.50% due 03/01/32		1,150,000		991,659
Philip Morris International, Inc.
5.25% due 02/13/34		750,000		741,247
Kraft Heinz Foods Co.
7.13% due 08/01/392		650,000		726,834
Kroger Co.
5.50% due 09/15/54		330,000		310,818
Triton Container International Limited / TAL International Container Corp.
3.25% due 03/15/32		200,000		169,330
Total Consumer, Non-cyclical				36,945,109
Consumer, Cyclical -  1.6%
Choice Hotels International, Inc.
3.70% due 01/15/31		7,340,000		6,603,305
Hyatt Hotels Corp.
5.75% due 04/23/30		3,010,000		3,073,433
Delta Air Lines, Inc.
7.00% due 05/01/252		3,014,000		3,026,743
Smithsonian Institution
2.70% due 09/01/44		4,000,000		2,647,173
Alt-2 Structured Trust
2.95% due 05/14/31◊,†††		2,731,553		2,464,738
British Airways Class A Pass Through Trust
4.25% due 11/15/322		1,800,568		1,706,796
2.90% due 03/15/352		733,631		647,087
Warnermedia Holdings, Inc.
5.14% due 03/15/52		1,640,000		1,218,527
6.41% due 03/15/26		600,000		600,239
LG Energy Solution Ltd.
5.50% due 07/02/342		1,600,000		1,552,045
United Airlines 2023-1 Class A Pass Through Trust
5.80% due 01/15/36		1,417,603		1,445,646
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/272		1,275,000		1,283,036
Polaris, Inc.
6.95% due 03/15/29		1,050,000		1,105,214
Flutter Treasury Designated Activity Co.
6.38% due 04/29/292		1,050,000		1,065,413
Delta Air Lines, Inc. / SkyMiles IP Ltd.
4.50% due 10/20/252		1,049,000		1,042,409
Brunswick Corp.
5.10% due 04/01/52		1,270,000		987,384
Hasbro, Inc.
6.05% due 05/14/34		980,000		984,209
Darden Restaurants, Inc.
4.55% due 02/15/48		1,200,000		964,284
American Airlines Class AA Pass Through Trust
3.20% due 06/15/28		629,500		594,494

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 23.0% (continued)
Consumer, Cyclical - 1.6% (continued)
Ferguson Finance plc
4.65% due 04/20/322		600,000	$	572,167
LKQ Corp.
6.25% due 06/15/33		300,000		309,433
Total Consumer, Cyclical				33,893,775
Technology - 0.9%
Entegris, Inc.
4.75% due 04/15/292		3,700,000		3,542,778
Foundry JV Holdco LLC
5.88% due 01/25/342		1,900,000		1,858,716
6.15% due 01/25/322		600,000		605,355
6.40% due 01/25/382		550,000		555,725
Broadcom, Inc.
4.93% due 05/15/372		2,306,000		2,193,347
3.19% due 11/15/362		217,000		174,802
Leidos, Inc.
2.30% due 02/15/31		1,750,000		1,469,584
5.75% due 03/15/33		500,000		506,845
4.38% due 05/15/30		200,000		191,367
Oracle Corp.
3.95% due 03/25/51		2,128,000		1,576,222
Atlassian Corp.
5.50% due 05/15/34		1,450,000		1,456,340
MSCI, Inc.
3.63% due 11/01/312		1,300,000		1,164,072
CGI, Inc.
2.30% due 09/14/31		1,300,000		1,076,508
Constellation Software, Inc.
5.16% due 02/16/292		700,000		703,277
5.46% due 02/16/342		350,000		350,806
Fiserv, Inc.
5.63% due 08/21/33		1,000,000		1,017,631
Qorvo, Inc.
3.38% due 04/01/312		1,140,000		974,987
Total Technology				19,418,362
Communications - 0.8%
British Telecommunications plc
4.88% due 11/23/812,9		2,900,000		2,634,465
4.25% due 11/23/812,9		500,000		482,784
9.63% due 12/15/30		150,000		181,723
Vodafone Group plc
4.13% due 06/04/819		2,550,000		2,257,229
Level 3 Financing, Inc.
4.50% due 04/01/302		2,175,000		1,803,409
11.00% due 11/15/292		359,563		404,479
Paramount Global
4.90% due 08/15/44		1,035,000		783,501
5.25% due 04/01/44		789,000		613,045
5.90% due 10/15/40		666,000		584,024
2.90% due 01/15/27		236,000		225,849
Charter Communications Operating LLC / Charter Communications Operating Capital
3.90% due 06/01/52		3,350,000		2,155,089
Fox Corp.
6.50% due 10/13/33		1,650,000		1,738,801
Rogers Communications, Inc.
4.55% due 03/15/52		2,000,000		1,598,850
Corning, Inc.
5.75% due 08/15/40		790,000		790,304
Discovery Communications LLC
5.00% due 09/20/37		570,000		475,296
CSC Holdings LLC
4.13% due 12/01/302		600,000		431,018
Telenet Finance Luxembourg Notes SARL
5.50% due 03/01/28		200,000		194,244
Altice France S.A.
5.13% due 01/15/292		250,000		188,215
Total Communications				17,542,325
Utilities - 0.8%
NRG Energy, Inc.
2.45% due 12/02/272		1,750,000		1,624,957
7.00% due 03/15/332		480,000		518,124
Liberty Utilities Co.
5.58% due 01/31/292		1,400,000		1,410,903
5.87% due 01/31/342		550,000		550,487
AES Corp.
3.95% due 07/15/302		1,362,000		1,255,497
2.45% due 01/15/31		438,000		364,989
Brooklyn Union Gas Co.
6.39% due 09/15/332		800,000		835,467
4.27% due 03/15/482		640,000		490,565
Black Hills Corp.
6.00% due 01/15/35		800,000		824,931
4.20% due 09/15/46		630,000		493,612
Public Service Company of Colorado
5.35% due 05/15/34		1,100,000		1,101,349
Sempra
6.00% due 10/15/39		970,000		988,941
Appalachian Power Co.
4.40% due 05/15/44		1,200,000		973,293
Constellation Energy Generation LLC
6.50% due 10/01/53		900,000		953,336
Entergy Mississippi LLC
3.85% due 06/01/49		1,280,000		950,973
Enel Finance International N.V.
5.00% due 06/15/322		850,000		827,495
Nevada Power Co.
6.65% due 04/01/36		500,000		536,227
Southern Power Co.
5.25% due 07/15/43		570,000		526,979
Louisville Gas and Electric Co.
4.25% due 04/01/49		610,000		484,620

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 23.0% (continued)
Utilities -  0.8% (continued)
Alexander Funding Trust II
7.47% due 07/31/282		450,000	$	475,065
Total Utilities				16,187,810
Basic Materials -  0.2%
Anglo American Capital plc
5.75% due 04/05/342		1,650,000		1,660,132
3.95% due 09/10/502		970,000		717,779
2.63% due 09/10/302		250,000		216,828
Yamana Gold, Inc.
2.63% due 08/15/31		1,200,000		1,009,848
Southern Copper Corp.
7.50% due 07/27/35		510,000		580,748
Total Basic Materials				4,185,335
Transporation -  0.1%
Stolthaven Houston, Inc.
5.98% due 07/17/34†††		2,000,000		1,953,926
Government -  0.1%
Amazon Conservation DAC
6.03% due 01/16/422		1,000,000		996,500
Total Corporate Bonds
(Cost $521,404,200)				484,759,662
ASSET-BACKED SECURITIES†† - 22.0%
Collateralized Loan Obligations -  10.7%
Cerberus Loan Funding XLIV LLC
2024-5A A, 7.01% (3 Month Term SOFR + 2.35%, Rate Floor: 2.35%) due 01/15/36◊,2		8,900,000		8,971,369
2024-5A B, 7.86% (3 Month Term SOFR + 3.20%, Rate Floor: 3.20%) due 01/15/36◊,2		3,000,000		3,076,020
LoanCore Issuer Ltd.
2021-CRE5 C, 6.86% (1 Month Term SOFR + 2.46%, Rate Floor: 2.46%) due 07/15/36◊,2		7,500,000		7,558,393
2021-CRE6 C, 6.81% (1 Month Term SOFR + 2.41%, Rate Floor: 2.30%) due 11/15/38◊,2		4,000,000		3,913,958
LCCM Trust
2021-FL3 AS, 6.31% (1 Month Term SOFR + 1.91%, Rate Floor: 1.91%) due 11/15/38◊,2		3,950,000		3,916,093
2021-FL3 A, 5.96% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 11/15/38◊,2		3,231,969		3,229,117
2021-FL2 C, 6.66% (1 Month Term SOFR + 2.26%, Rate Floor: 2.26%) due 12/13/38◊,2		3,100,000		3,004,370
Octagon Investment Partners 49 Ltd.
2024-5A BR, 6.61% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 04/15/37◊,2		8,500,000		8,550,771
Madison Park Funding XLVIII Ltd.
2021-48A C, 6.88% (3 Month Term SOFR + 2.26%, Rate Floor: 2.26%) due 04/19/33◊,2		4,000,000		4,010,047
2021-48A B, 6.33% (3 Month Term SOFR + 1.71%, Rate Floor: 1.71%) due 04/19/33◊,2		4,000,000		4,007,496
Dryden 36 Senior Loan Fund
2020-36A CR3, 6.97% (3 Month Term SOFR + 2.31%, Rate Floor: 2.05%) due 04/15/29◊,2		8,000,000		8,006,742
Cerberus Loan Funding XLV LLC
2024-1A A, 6.56% (3 Month Term SOFR + 1.90%, Rate Floor: 1.90%) due 04/15/36◊,2		6,500,000		6,534,767
2024-1A B, 7.06% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 04/15/36◊,2		1,000,000		1,026,150
MF1 Multifamily Housing Mortgage Loan Trust
2021-FL6 D, 7.04% (1 Month Term SOFR + 2.66%, Rate Floor: 2.55%) due 07/16/36◊,2		4,000,000		3,875,146
2021-FL6 C, 6.34% (1 Month Term SOFR + 1.96%, Rate Floor: 1.85%) due 07/16/36◊,2		3,400,000		3,323,256
Palmer Square Loan Funding Ltd.
2021-3A C, 7.38% (3 Month Term SOFR + 2.76%, Rate Floor: 2.76%) due 07/20/29◊,2		2,000,000		2,014,992
2023-2A A2, 6.93% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 01/25/32◊,2		1,500,000		1,504,743
2024-3A BR, 6.66% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/15/31◊,2		1,500,000		1,503,075

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Collateralized Loan Obligations -  10.7% (continued)
2023-2A B, 7.33% (3 Month Term SOFR + 2.70%, Rate Floor: 2.70%) due 01/25/32◊,2		1,000,000	$	1,004,102
2021-2A C, 7.18% (3 Month Term SOFR + 2.66%, Rate Floor: 2.66%) due 05/20/29◊,2		1,000,000		1,001,224
Owl Rock CLO III Ltd.
2024-3A AR, 6.47% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 04/20/36◊,2		5,500,000		5,568,750
2024-3A BR, 6.97% (3 Month Term SOFR + 2.35%, Rate Floor: 2.35%) due 04/20/36◊,2		1,250,000		1,280,279
Golub Capital Partners CLO 33M Ltd.
2021-33A AR2, 6.64% (3 Month Term SOFR + 2.12%, Rate Floor: 1.86%) due 08/25/33◊,2		6,500,000		6,507,931
Owl Rock CLO XVI LLC
2024-16A A, 6.62% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/20/36◊,2		5,000,000		5,029,970
2024-16A B, 7.12% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 04/20/36◊,2		1,000,000		1,026,177
Golub Capital Partners CLO 16 Ltd.
2021-16A A1R2, 6.50% (3 Month Term SOFR + 1.87%, Rate Floor: 1.61%) due 07/25/33◊,2		4,000,000		4,015,242
2021-16A A2R2, 6.69% (3 Month Term SOFR + 2.06%, Rate Floor: 1.80%) due 07/25/33◊,2		2,000,000		2,040,401
FS Rialto
2021-FL2 A, 5.73% (1 Month Term SOFR + 1.33%, Rate Floor: 1.33%) due 05/16/38◊,2		3,728,863		3,722,115
2021-FL3 C, 6.56% (1 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 11/16/36◊,2		2,000,000		1,974,129
Cerberus Loan Funding XXXII, LP
2021-2A A, 6.54% (3 Month Term SOFR + 1.88%, Rate Floor: 1.88%) due 04/22/33◊,2		4,250,000		4,260,548
2021-2A C, 7.77% (3 Month Term SOFR + 3.11%, Rate Floor: 3.11%) due 04/22/33◊,2		1,250,000		1,251,259
Cerberus Loan Funding XLII LLC
2023-3A A1, 7.13% (3 Month Term SOFR + 2.48%, Rate Floor: 2.48%) due 09/13/35◊,2		3,750,000		3,772,828
2023-3A B, 8.00% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 09/13/35◊,2		1,250,000		1,281,252
GoldenTree Loan Management US CLO 1 Ltd.
2024-9A BR, 6.57% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 04/20/37◊,2		3,000,000		3,024,352
2024-9A CR, 7.02% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 04/20/37◊,2		2,000,000		2,025,394
Cerberus Loan Funding XL LLC
2023-1A A, 7.06% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 03/22/35◊,2		4,500,000		4,507,448
Fortress Credit Opportunities IX CLO Ltd.
2021-9A A2TR, 6.72% (3 Month Term SOFR + 2.06%, Rate Floor: 1.80%) due 10/15/33◊,2		3,250,000		3,255,989
2021-9A A1TR, 6.47% (3 Month Term SOFR + 1.81%, Rate Floor: 1.55%) due 10/15/33◊,2		1,000,000		1,002,010
THL Credit Lake Shore MM CLO I Ltd.
2021-1A A1R, 6.62% (3 Month Term SOFR + 1.96%, Rate Floor: 1.70%) due 04/15/33◊,2		4,194,249		4,205,154
Cerberus Loan Funding XLVII LLC
2024-3A B, 6.61% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 07/15/36◊,2		3,000,000		3,050,171
2024-3A A, 6.41% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 07/15/36◊,2		1,000,000		1,005,147

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Collateralized Loan Obligations -  10.7% (continued)
ACRES Commercial Realty Ltd.
2021-FL1 AS, 6.10% (1 Month Term SOFR + 1.71%, Rate Floor: 1.71%) due 06/15/36◊,2		2,000,000	$	1,988,088
2021-FL2 AS, 6.25% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 01/15/37◊,2		2,000,000		1,982,993
BSPDF Issuer Ltd.
2021-FL1 C, 6.76% (1 Month Term SOFR + 2.36%, Rate Floor: 2.25%) due 10/15/36◊,2		4,000,000		3,872,808
ABPCI Direct Lending Fund CLO I LLC
2021-1A A1A2, 6.58% (3 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 07/20/33◊,2		3,750,000		3,795,030
Owl Rock CLO IV Ltd.
2021-4A A1R, 6.38% (3 Month Term SOFR + 1.86%, Rate Floor: 1.60%) due 08/20/33◊,2		3,750,000		3,750,722
VOYA CLO
2021-2A A2AR, 6.57% (3 Month Term SOFR + 1.91%, Rate Floor: 1.65%) due 06/07/30◊,2		2,550,000		2,554,571
2024-2A B, 6.81% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 07/20/37◊,2		1,000,000		1,007,356
Cerberus Loan Funding XLVIII LLC
2024-4A B, 6.30% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/15/36◊,2		2,000,000		2,029,837
2024-4A AN, 6.10% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 10/15/36◊,2		1,500,000		1,511,243
Cerberus Loan Funding XXXIII, LP
2021-3A B, 6.76% (3 Month Term SOFR + 2.11%, Rate Floor: 1.85%) due 07/23/33◊,2		2,000,000		2,000,825
2021-3A A, 6.47% (3 Month Term SOFR + 1.82%, Rate Floor: 1.56%) due 07/23/33◊,2		1,250,000		1,253,926
Owl Rock CLO II Ltd.
2021-2A ALR, 6.43% (3 Month Term SOFR + 1.81%, Rate Floor: 1.55%) due 04/20/33◊,2		3,000,000		3,005,432
Golub Capital Partners CLO 54M LP
2021-54A A, 6.35% (3 Month Term SOFR + 1.79%, Rate Floor: 1.53%) due 08/05/33◊,2		1,500,000		1,501,873
2021-54A B, 6.67% (3 Month Term SOFR + 2.11%, Rate Floor: 1.85%) due 08/05/33◊,2		1,500,000		1,500,894
Golub Capital Partners CLO 31M Ltd.
2024-31A A1RR, 6.21% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 11/05/37◊,2		1,750,000		1,758,749
2024-31A BRR, 6.46% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 11/05/37◊,2		1,000,000		1,013,111
Palmer Square CLO Ltd.
2024-4A BR, 6.32% (3 Month Term SOFR + 1.70%, Rate Floor: 1.70%) due 10/20/37◊,2		1,450,000		1,459,659
2024-4A CR, 6.47% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/20/37◊,2		1,250,000		1,260,113
KREF Ltd.
2021-FL2 AS, 5.80% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/15/39◊,2		1,500,000		1,471,078
2021-FL2 C, 6.50% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 02/15/39◊,2		1,000,000		963,063
Owl Rock CLO XIX LLC
2024-19A A, 6.27% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 10/22/37◊,2		2,400,000		2,414,911
Carlyle Direct Lending CLO LLC
2024-1A A11A, 6.46% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 07/15/36◊,2		2,400,000		2,407,969

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Collateralized Loan Obligations -  10.7% (continued)
Madison Park Funding LVIII Ltd.
2024-58A C, 7.08% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/25/37◊,2		1,000,000	$	1,016,059
2024-58A B, 6.58% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 04/25/37◊,2		1,000,000		1,007,716
Cerberus Loan Funding XLVI, LP
2024-2A A, 6.51% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 07/15/36◊,2		1,500,000		1,509,506
2024-2A B, 6.96% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 07/15/36◊,2		500,000		512,208
Owl Rock CLO I LLC
2024-1A ANR, 6.92% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 02/20/36◊,2		2,000,000		2,014,930
Neuberger Berman Loan Advisers CLO 40 Ltd.
2021-40A C, 6.66% (3 Month Term SOFR + 2.01%, Rate Floor: 1.75%) due 04/16/33◊,2		2,000,000		2,000,293
Sound Point CLO XXXI Ltd.
2021-3A B, 6.54% (3 Month Term SOFR + 1.91%, Rate Floor: 1.65%) due 10/25/34◊,2		2,000,000		1,999,560
MidOcean Credit CLO VII
2020-7A BR, 6.52% (3 Month Term SOFR + 1.86%, Rate Floor: 0.00%) due 07/15/29◊,2		1,976,736		1,975,101
BRSP Ltd.
2021-FL1 C, 6.63% (1 Month Term SOFR + 2.26%, Rate Floor: 2.15%) due 08/19/38◊,2		2,000,000		1,948,909
Canyon Capital CLO Ltd.
2018-1A A2R, 6.35% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 01/30/31◊,2		1,900,000		1,902,501
HERA Commercial Mortgage Ltd.
2021-FL1 A, 5.54% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/18/38◊,2		1,868,707		1,859,781
FS Rialto Issuer LLC
2024-FL9 AS, 6.46% (1 Month Term SOFR + 2.09%, Rate Floor: 2.09%) due 10/19/39◊,2		1,800,000		1,795,567
KREF Funding V LLC
6.26% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 06/25/26◊,†††		1,536,115		1,528,860
0.15% due 06/25/26†††,6		21,818,182		15,491
STWD Ltd.
2019-FL1 D, 6.86% (1 Month Term SOFR + 2.46%, Rate Floor: 2.46%) due 07/15/38◊,2		1,459,000		1,446,311
Madison Park Funding Ltd.
2024-69A B, 7.28% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 07/25/37◊,2		1,250,000		1,261,052
Golub Capital Partners CLO 36M Ltd.
2018-36A A, 6.12% (3 Month Term SOFR + 1.56%, Rate Floor: 0.00%) due 02/05/31◊,2		1,153,196		1,154,911
Owl Rock CLO XIII LLC
2023-13A B, 7.70% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 09/20/35◊,2		1,000,000		1,025,382
Ares Direct Lending CLO 3 LLC
2024-3A B, 6.29% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 01/20/37◊,2		1,000,000		1,015,334
Cerberus Loan Funding XXXVIII, LP
2022-2A A1, 7.41% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 10/15/34◊,2		1,000,000		1,008,848
Owl Rock CLO X LLC
2023-10A A, 7.07% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/20/35◊,2		1,000,000		1,003,476
Golub Capital Partners CLO 46 Ltd.
2024-46A BR, 6.92% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 04/20/37◊,2		1,000,000		1,003,474

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Collateralized Loan Obligations -  10.7% (continued)
Cerberus Loan Funding XXXV, LP
2021-5A A, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 09/22/33◊,2		1,000,000	$	1,002,124
BSPRT Issuer Ltd.
2021-FL7 C, 6.81% (1 Month Term SOFR + 2.41%, Rate Floor: 2.41%) due 12/15/38◊,2		1,000,000		1,001,261
BSPRT Issuer LLC
2024-FL11 B, 6.69% (1 Month Term SOFR + 2.29%, Rate Floor: 2.29%) due 07/15/39◊,2		1,000,000		998,975
Ares Direct Lending CLO 1 LLC
2024-1A B, 6.83% (3 Month Term SOFR + 2.20%, Rate Floor: 2.20%) due 04/25/36◊,2		750,000		766,127
ACRE Commercial Mortgage Ltd.
2021-FL4 D, 7.09% (1 Month Term SOFR + 2.71%, Rate Floor: 2.60%) due 12/18/37◊,2		773,000		760,024
BXMT Ltd.
2020-FL2 A, 5.40% (1 Month Term SOFR + 1.01%, Rate Floor: 1.01%) due 02/15/38◊,2		772,959		759,674
Wellfleet CLO Ltd.
2024-2A BR, 6.48% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/18/37◊,2		750,000		755,117
Dryden 37 Senior Loan Fund
2015-37A Q, due 01/15/312,12		1,000,000		696,767
Sound Point CLO XXIV
2021-3A B1R, 6.59% (3 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 10/25/34◊,2		500,000		499,141
NewStar Fairfield Fund CLO Ltd.
2018-2A A1N, 6.15% (3 Month Term SOFR + 1.53%, Rate Floor: 1.27%) due 04/20/30◊,2		310,691		311,046
Golub Capital Partners CLO 17 Ltd.
2017-17A A1R, 6.54% (3 Month Term SOFR + 1.91%, Rate Floor: 0.00%) due 10/25/30◊,2		169,509		169,607
Treman Park CLO Ltd.
2015-1A COM, due 10/20/28†††,2,12		162,950		466
Copper River CLO Ltd.
2007-1A INC, due 01/20/2111,12		700,000		70
Babson CLO Ltd.
2014-IA SUB, due 07/20/25†††,2,12		650,000		65
Total Collateralized Loan Obligations				226,068,362
Whole Business -  2.2%
Subway Funding LLC
2024-3A, 5.91% due 07/30/542		2,750,000		2,685,000
2024-1A, 6.51% due 07/30/542		2,050,000		2,104,287
2024-1A, 6.27% due 07/30/542		1,600,000		1,627,767
2024-1A, 6.03% due 07/30/542		800,000		809,741
SERVPRO Master Issuer LLC
2021-1A, 2.39% due 04/25/512		4,197,750		3,782,346
2019-1A, 3.88% due 10/25/492		1,520,000		1,476,948
2024-1A, 6.17% due 01/25/542		1,389,500		1,393,773
Arbys Funding LLC
2020-1A, 3.24% due 07/30/502		6,463,125		6,136,771
Sonic Capital LLC
2020-1A, 3.85% due 01/20/502		2,176,417		2,099,710
2021-1A, 2.19% due 08/20/512		2,220,413		1,961,404
2020-1A, 4.34% due 01/20/502		956,667		890,771
Domino's Pizza Master Issuer LLC
2017-1A, 4.12% due 07/25/472		5,076,000		4,941,176
Taco Bell Funding LLC
2016-1A, 4.97% due 05/25/462		3,515,625		3,508,900
ServiceMaster Funding LLC
2020-1, 2.84% due 01/30/512		3,771,840		3,436,855
Wingstop Funding LLC
2024-1A, 5.86% due 12/05/542		1,500,000		1,503,080
2020-1A, 2.84% due 12/05/502		1,231,250		1,151,137
2022-1A, 3.73% due 03/05/522		248,125		231,969
Five Guys Holdings, Inc.
2023-1A, 7.55% due 01/26/542		2,050,000		2,119,552

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Whole Business -  2.2% (continued)
Applebee's Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/05/492		1,732,500	$	1,702,021
Wendy's Funding LLC
2019-1A, 3.78% due 06/15/492		1,302,841		1,272,481
DB Master Finance LLC
2019-1A, 4.02% due 05/20/492		1,184,375		1,167,358
Total Whole Business				46,003,047
Financial -  2.1%
Station Place Securitization Trust
2024-SP2, 6.15% (1 Month Term SOFR + 1.70%, Rate Floor: 1.70%) due 07/12/26◊,†††,2		3,800,000		3,800,000
2024-SP1, 5.85% (1 Month Term SOFR + 1.40%, Rate Floor: 1.40%) due 08/12/25◊,†††,2		3,800,000		3,800,000
2024-SP4, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,2		3,000,000		3,000,000
2024-SP3, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,2		1,500,000		1,500,000
Project Onyx I
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††		4,668,064		4,619,904
KKR Core Holding Company LLC
4.00% due 08/12/31†††		4,601,046		4,160,350
Ceamer Finance LLC
6.79% due 11/15/39†††		2,200,000		2,200,000
6.92% due 11/15/37†††		1,662,449		1,661,118
HV Eight LLC
7.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/31/27◊,†††	EUR	3,530,486		3,639,960
Strategic Partners Fund VIII, LP
7.17% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26◊,†††		3,387,892		3,361,520
LVNV Funding LLC
7.80% due 11/05/28†††		2,900,000		3,007,792
Thunderbird A
5.50% due 03/01/37†††		2,940,667		2,709,826
Lightning A
5.50% due 03/01/37†††		2,931,778		2,701,635
HarbourVest Structured Solutions IV Holdings, LP
7.55% (3 Month Term SOFR + 2.95%, Rate Floor: 2.45%) due 09/15/26◊,†††		1,490,277		1,484,172
6.38% (3 Month EURIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26◊,†††	EUR	728,947		743,932
Project Onyx II
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††		1,282,905		1,271,774
Bib Merchant Voucher Receivables Ltd.
4.18% due 04/07/28†††		571,881		558,718
Nassau LLC
2019-1, 3.98% due 08/15/3411		491,959		456,333
Total Financial				44,677,034
Transport-Aircraft - 1.6%
AASET Trust
2024-1A, 6.26% due 05/16/492		2,861,327		2,881,870
2021-2A, 2.80% due 01/15/472		2,815,733		2,562,684
2021-1A, 2.95% due 11/16/412		2,453,719		2,289,207
2020-1A, 3.35% due 01/16/402		672,853		645,964
AASET Ltd.
2024-2A, 5.93% due 09/16/492		3,931,052		3,907,531
Slam Ltd.
2024-1A, 5.34% due 09/15/492		2,460,394		2,412,102
2021-1A, 2.43% due 06/15/462		1,601,460		1,454,800
Navigator Aircraft ABS Ltd.
2021-1, 2.77% due 11/15/462		4,179,837		3,840,864
Navigator Aviation Ltd.
2024-1, 5.40% due 08/15/492		3,123,810		3,049,198
Lunar Structured Aircraft Portfolio Notes
2021-1, 2.64% due 10/15/462		2,791,920		2,550,194
MACH 1 Cayman Ltd.
2019-1, 3.47% due 10/15/392		1,758,385		1,688,999

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Transport-Aircraft -  1.6% (continued)
Castlelake Aircraft Structured Trust
2021-1A, 3.47% due 01/15/462		1,754,540	$	1,686,030
Sapphire Aviation Finance II Ltd.
2020-1A, 3.23% due 03/15/402		1,364,660		1,282,822
Sprite Ltd.
2021-1, 3.75% due 11/15/462		1,329,340		1,270,917
AASET US Ltd.
2018-2A, 4.45% due 11/18/382		983,225		963,577
Falcon Aerospace Ltd.
2019-1, 3.60% due 09/15/392		809,303		764,732
2017-1, 4.58% due 02/15/422		60,353		59,509
WAVE LLC
2019-1, 3.60% due 09/15/442		564,022		528,663
MAPS Ltd.
2018-1A, 4.21% due 05/15/432		342,059		339,841
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/402		279,803		273,547
Castlelake Aircraft Securitization Trust
2018-1, 4.13% due 06/15/432		247,902		235,507
Total Transport-Aircraft				34,688,558
Infrastructure -  1.5%
Stack Infrastructure Issuer LLC
2023-3A, 5.90% due 10/25/482		3,000,000		3,026,995
2024-1A, 5.90% due 03/25/492		1,250,000		1,270,652
2023-1A, 5.90% due 03/25/482		1,000,000		1,008,588
2020-1A, 1.89% due 08/25/452		1,000,000		979,589
VB-S1 Issuer LLC - VBTEL
2022-1A, 4.29% due 02/15/522		2,500,000		2,401,215
2024-1A, 5.59% due 05/15/542		2,350,000		2,353,462
2024-1A, 6.64% due 05/15/542		1,250,000		1,270,006
Hotwire Funding LLC
2024-1A, 5.89% due 06/20/542		1,950,000		1,969,611
2021-1, 2.31% due 11/20/512		2,000,000		1,890,387
2023-1A, 5.69% due 05/20/532		1,005,000		1,010,465
Switch ABS Issuer LLC
2024-2A, 5.44% due 06/25/542		4,000,000		3,989,955
2024-1A, 6.28% due 03/25/542		800,000		811,469
Aligned Data Centers Issuer LLC
2021-1A, 1.94% due 08/15/462		3,350,000		3,184,628
SBA Tower Trust
1.84% due 04/15/272		3,000,000		2,775,358
Vantage Data Centers Issuer LLC
2020-1A, 1.65% due 09/15/452		1,366,000		1,333,983
2024-1A, 5.10% due 09/15/542		1,100,000		1,079,540
Blue Stream Issuer LLC
2024-1A, 5.41% due 11/20/542		1,000,000		1,001,608
Total Infrastructure				31,357,511
Net Lease -  1.3%
CF Hippolyta Issuer LLC
2022-1A, 6.11% due 08/15/622		2,687,109		2,672,482
2020-1, 2.28% due 07/15/602		674,589		653,934
CARS-DB4, LP
2020-1A, 3.81% due 02/15/502		2,210,156		1,984,935
2020-1A, 4.95% due 02/15/502		1,500,000		1,321,624
SVC ABS LLC
2023-1A, 5.15% due 02/20/532		3,220,208		3,147,258
CMFT Net Lease Master Issuer LLC
2021-1, 3.44% due 07/20/512		3,570,000		3,000,347
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 2.26% due 11/20/502		2,486,458		2,396,613
STORE Master Funding I-VII
2016-1A, 3.96% due 10/20/462		2,416,662		2,346,067
CF Hippolyta LLC
2020-1, 2.60% due 07/15/602		2,479,789		2,143,094
Capital Automotive REIT
2020-1A, 3.48% due 02/15/502		1,227,865		1,173,860
2024-3A, 4.55% due 10/15/542		697,813		651,794
STORE Master Funding LLC
2021-1A, 2.96% due 06/20/512		1,965,000		1,598,664

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Net Lease -  1.3% (continued)
AFN ABSPROP001 LLC
2021-1A, 2.21% due 05/20/512		1,525,736	$	1,356,213
Tenet Equity Funding LLC
2024-1A, 5.49% due 10/20/542		999,596		984,173
CARS-DB5, LP
2021-1A, 2.76% due 08/15/512		990,208		820,327
Store Master Funding I-VII XIV XIX XX XXIV XXII
2024-1A, 5.69% due 05/20/542		498,333		501,632
Total Net Lease				26,753,017
Single Family Residence -  0.8%
Tricon Residential Trust
2021-SFR1, 2.34% due 07/17/382		2,850,000		2,732,260
2023-SFR1, 5.10% due 07/17/402		2,722,000		2,672,338
2023-SFR2, 5.00% due 12/17/402		2,550,000		2,484,818
2024-SFR2, 5.70% due 06/17/402		1,500,000		1,501,200
2024-SFR1, 4.75% due 04/17/412		1,000,000		972,395
FirstKey Homes Trust
2020-SFR2, 2.67% due 10/19/372		2,250,000		2,194,072
2020-SFR2, 4.00% due 10/19/372		1,400,000		1,373,695
2020-SFR2, 4.50% due 10/19/372		1,350,000		1,328,749
2020-SFR2, 3.37% due 10/19/372		900,000		879,516
Home Partners of America Trust
2021-3, 2.80% due 01/17/412		907,764		810,500
2021-2, 2.40% due 12/17/262		480,281		452,007
Total Single Family Residence				17,401,550
Transport-Container -  0.5%
Textainer Marine Containers VII Ltd.
2020-1A, 2.73% due 08/21/452		2,437,543		2,319,884
2021-2A, 2.23% due 04/20/462		1,392,133		1,270,608
MC Ltd.
2021-1, 2.63% due 11/05/352		2,796,082		2,577,685
TIF Funding III LLC
2024-1A, 5.48% due 04/20/492		2,595,313		2,571,158
Textainer Marine Containers Ltd.
2021-3A, 1.94% due 08/20/462		1,466,667		1,281,062
CLI Funding VI LLC
2020-1A, 2.08% due 09/18/452		967,135		886,307
TIF Funding II LLC
2021-1A, 1.65% due 02/20/462		652,531		576,688
Total Transport-Container				11,483,392
Collateralized Debt Obligations -  0.4%
Anchorage Credit Funding 4 Ltd.
2021-4A AR, 2.72% due 04/27/392		7,250,000		6,731,562
Anchorage Credit Funding 13 Ltd.
2021-13A A2, 2.80% due 07/27/392		1,000,000		946,194
Total Collateralized Debt Obligations				7,677,756
Insurance -  0.3%
Obra Longevity
8.48% due 06/30/39†††		5,100,000		5,292,026
CHEST
7.13% due 03/15/43†††		950,000		967,161
Total Insurance				6,259,187
Unsecured Consumer Loans -  0.2%
Foundation Finance Trust
2024-1A, 5.95% due 12/15/492		2,220,000		2,244,768
Service Experts Issuer LLC
2024-1A, 6.39% due 11/20/352		1,732,196		1,756,803
Stream Innovations Issuer Trust
2024-2A, 5.21% due 02/15/452		920,694		917,557
Total Unsecured Consumer Loans				4,919,128
Asset Backed Securities -  0.2%
Akso Health Group
7.27% due 12/31/44		2,000,000		1,996,778
Endo Luxembourg Finance Co I SARL / Endo US, Inc.
7.40% due 09/30/45†††		1,300,000		1,293,927
Total Asset Backed Securities				3,290,705
Automotive -  0.2%
Avis Budget Rental Car Funding AESOP LLC
2023-8A, 6.66% due 02/20/302		1,800,000		1,874,189

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 22.0% (continued)
Automotive -  0.2% (continued)
2024-1A, 5.85% due 06/20/302		1,300,000	$	1,308,127
Total Automotive				3,182,316
Total Asset-Backed Securities
(Cost $467,983,577)				463,761,563
SENIOR FLOATING RATE INTERESTS††,◊ - 1.5%
Industrial -  0.6%
AS Mileage Plan Ltd.
6.66% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/15/31		5,250,000		5,268,375
Summit Materials LLC
6.15% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 01/12/29		2,736,216		2,736,708
XPO, Inc.
6.45% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 02/03/31		2,475,000		2,479,851
United Rentals, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 02/14/31		1,488,750		1,499,544
SkyMiles IP Ltd.
8.37% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 10/20/27		625,516		635,974
Standard Industries, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 2.25%) due 09/22/28		481,465		482,177
Total Industrial				13,102,629
Financial - 0.4%
Citadel Securities, LP
6.33% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/31/31		5,227,543		5,239,410
Jefferies Finance LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 10/21/31		2,000,000		2,006,260
Eagle Point Holdings Borrower LLC
8.38% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 03/31/28†††		1,150,000		1,150,000
Total Financial				8,395,670
Consumer, Cyclical -  0.2%
Wyndham Hotels & Resorts, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 05/24/30		4,975,000		4,976,791
Utilities -  0.2%
NRG Energy, Inc.
6.60% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/16/31		2,977,500		2,977,262
Consumer, Non-cyclical -  0.1%
Southern Veterinary Partners LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/30/31		1,006,918		1,012,960
HAH Group Holding Co. LLC
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31		259,303		258,979
Total Consumer, Non-cyclical				1,271,939
Energy - 0.0%
Venture Global Calcasieu Pass LLC
7.33% (1 Month Term SOFR + 2.88%, Rate Floor: 3.88%) due 08/19/26		363,895		363,894
Total Senior Floating Rate Interests
(Cost $30,956,474)				31,088,185
FEDERAL AGENCY BONDS†† - 0.8%
Tennessee Valley Authority Principal Strips
due 06/15/385,8		9,400,000		4,701,871
due 01/15/485,8		9,700,000		2,800,477
due 01/15/388		4,000,000		2,039,000
due 06/15/355,8		1,583,000		943,444

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
FEDERAL AGENCY BONDS†† - 0.8% (continued)
due 12/15/425,8		1,600,000	$	622,685
Federal Farm Credit Bank
3.51% due 06/11/40		3,300,000		2,729,417
Tennessee Valley Authority
4.25% due 09/15/65		2,450,000		2,016,485
5.38% due 04/01/56		600,000		610,814
U.S. International Development Finance Corp.
due 01/17/268		800,000		874,070
Total Federal Agency Bonds
(Cost $25,113,617)				17,338,263
MUNICIPAL BONDS†† - 0.3%
Texas - 0.1%
Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds
3.29% due 09/01/40		2,100,000		1,628,767
2.78% due 09/01/34		700,000		568,253
2.69% due 09/01/33		500,000		412,780
2.41% due 09/01/31		450,000		383,109
Total Texas				2,992,909
California - 0.2%
California Statewide Communities Development Authority Revenue Bonds
7.14% due 08/15/47		1,180,000		1,245,285
2.68% due 02/01/39		1,200,000		895,514
Total California				2,140,799
Illinois - 0.0%
State of Illinois General Obligation Unlimited
5.65% due 12/01/38		388,889		390,930
Total Municipal Bonds
(Cost $6,524,898)				5,524,638
FOREIGN GOVERNMENT DEBT†† - 0.1%
Panama Government International Bond
4.50% due 01/19/63		2,600,000		1,520,981
4.50% due 04/16/50		1,450,000		893,556
Total Foreign Government Debt
(Cost $4,200,768)				2,414,537
		Contracts/Notional Value
OTC OPTIONS PURCHASED††,13 - 0.1%
Foreign Exchange Options
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $34,232,107)	EUR	21,609,000		342,126
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $34,232,106)	EUR	21,609,000		342,126
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $23,961,999)	EUR	15,126,000		240,173
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $12,050,703)	EUR	7,607,000		120,785
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $10,270,107)	EUR	6,483,000		102,938
BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $1,984,952)	EUR	1,253,000		19,895
Total Foreign Exchange Options				1,168,043
Total OTC Options Purchased
(Cost $1,014,303)				1,168,043

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Contracts/Notional Value		Value
OTC INTEREST RATE SWAPTIONS PURCHASED††,13 - 0.0%
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.60% (Notional Value $55,857,040)	GBP	44,600,000	$	229,875
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.48% (Notional Value $55,105,600)	GBP	44,000,000		134,300
Total Interest Rate Swaptions				364,175
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.48% (Notional Value $55,105,600)	GBP	44,000,000		218,826
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.85% (Notional Value $55,857,040)	GBP	44,600,000		131,436
Total Interest Rate Swaptions				350,262
Total OTC Interest Rate Swaptions Purchased
(Cost $946,263)				714,437
Total Investments - 112.1%
(Cost $2,458,086,820)			$	2,359,993,732
OTC INTEREST RATE SWAPTIONS WRITTEN,13 - (0.0)%
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 2.73% (Notional Value $55,105,600)	GBP	44,000,000		(66,935	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.10% (Notional Value $55,857,040)	GBP	44,600,000		(113,885	)
Total Interest Rate Swaptions				(180,820	)
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.60% (Notional Value $55,857,040)	GBP	44,600,000		(188,791	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.23% (Notional Value $55,105,600)	GBP	44,000,000		(310,891	)
Total Interest Rate Swaptions				(499,682	)
Total OTC Interest Rate Swaptions Written
(Premiums received $830,810)				(680,502	)
Other Assets & Liabilities, net - (12.1)%				(255,006,170	)
Total Net Assets - 100.0%			$	2,104,307,060

Centrally Cleared Credit Default Swap Agreements Protection Purchased^††

Counterparty	Exchange	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount			Value			Upfront Premiums  Received			Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	ICE	ITRAXX.EUR.42.V1		1.00	%	Quarterly	12/20/29	EUR		4,750,000	$	(97,568	)	$	(100,672	)	$	3,104
BofA Securities, Inc.	ICE	CDX.NA.IG.43.V1		1.00	%	Quarterly	12/20/29		$	49,214,557		(1,098,504	)		(1,048,409	)		(50,095	)
											$	(1,196,072	)	$	(1,149,081	)	$	(46,991	)

OTC Credit Default Swap Agreements Protection Purchased^††

Counterparty	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums (Received)			Unrealized Appreciation (Depreciation)**
Morgan Stanley Capital Services LLC	CDX.NA.HY.43.V1 (15-25%)		5.00	%	Quarterly	12/20/29	$	2,320,000	$	(116,508	)	$	(145,321	)	$	28,813
Morgan Stanley Capital Services LLC	CDX.NA.HY.43.V1 (25-35%)		5.00	%	Quarterly	12/20/29		2,320,000		(333,961	)		(349,096	)		15,135
									$	(450,469	)	$	(494,417	)	$	43,948

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Centrally Cleared Interest Rate Swap Agreements^††

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.99	%	Annually	10/11/25	$	98,748,000	$	559,718		$	211	$	559,507
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.96	%	Annually	10/16/25		95,000,000		526,396			211		526,185
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.32	%	Annually	07/02/27		32,600,000		185,960			193		185,767
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	12/23/29		53,811,348		110,552			539		110,013
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	12/23/29		53,788,652		104,885			538		104,347
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.98	%	Annually	02/06/27		70,000,000		(155,182	)		332		(155,514	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.94	%	Annually	06/05/30		153,100,000		(206,788	)		16,429		(223,217	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.90	%	Annually	12/04/27		88,800,000		(402,736	)		508		(403,244	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.39	%	Annually	08/02/29		43,670,000		(468,649	)		375		(469,024	)
											$	254,156		$	19,336	$	234,820

Forward Foreign Currency Exchange Contracts^††

Counterparty	Currency	Type	Quantity		Contract Amount	Settlement Date	Unrealized Appreciation (Depreciation)
Nomura Global Financial Products, Inc.	EUR	Sell		3,890,000	4,083,886 USD	01/17/25	$	50,854
Bank of America, N.A.	EUR	Sell		605,000	638,270 USD	02/27/25		9,925
Barclays Bank plc	EUR	Sell		372,000	392,213 USD	02/27/25		5,859
Citibank, N.A.	GBP	Sell		120,000	152,115 USD	01/17/25		1,892
Barclays Bank plc	GBP	Buy		47,000	59,573 USD	01/17/25		(736	)
Bank of America, N.A.	GBP	Buy		66,000	83,753 USD	01/17/25		(1,130	)
							$	66,664

OTC Interest Rate Swaptions Purchased

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate			Expiration Date	Exercise Rate		Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.60	%	10/31/25		3.60%	$	55,857,040	$	229,875
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.23	%	10/28/25		3.23%		55,105,600		134,300
												$	364,175
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.48	%	10/28/25		4.48%	$	55,105,600	$	218,826
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.85	%	10/31/25		4.85%		55,857,040		131,436
												$	350,262

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

OTC Interest Rate Swaptions Written

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate			Expiration Date	Exercise Rate			Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		2.73	%	10/28/25		2.73	%	$	55,105,600	$	(66,935	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		3.10	%	10/31/25		3.10	%		55,857,040		(113,885	)
													$	(180,820	)
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.60	%	10/31/25		4.60	%	$	55,857,040	$	(188,791	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.23	%	10/28/25		4.23	%		55,105,600		(310,891	)
													$	(499,682	)

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Special Purpose Acquisition Company (SPAC).
2	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $781,518,768 (cost $808,656,352), or 37.1% of total net assets.
3	Rate indicated is the 7-day yield as of December 31, 2024.
4	Security is unsettled at period end and does not have a stated effective rate.
5	Security is a principal-only strip.
6	Security is an interest-only strip.
7	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
8	Zero coupon rate security.
9	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
10	Perpetual maturity.
11	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $1,163,127 (cost $1,286,899), or 0.1% of total net assets — See Note 6.
12	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
13	Swaptions – See additional disclosure in the swaptions table above for more information on swaptions.

BofA — Bank of America

CDX.NA.HY.43,VI – Credit Default Swap North American High Yield Series 43 Index Version 1

CDX.NA.IG.43.V1 — Credit Default Swap North American Investment Grade Series 43 Index Version 1

CME — Chicago Mercantile Exchange

CMT — Constant Maturity Treasury

EUR — Euro

EURIBOR — European Interbank Offered Rate

GBP — British Pound

ICE — Intercontinental Exchange

ITRAXX.EUR.42.V1 — iTraxx Europe Series 42 Index Version 1

plc — Public Limited Company

REIT — Real Estate Investment Trust

SARL —  Société à Responsabilité Limitée

SOFR — Secured Overnight Financing Rate

SONIA – Sterling Overnight Index Average

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The following table summarizes the inputs used to value the Fund's investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs			Total
Common Stocks	$	7,821	$	—	$	62		$	7,883
Preferred Stocks		—		33,568,974		—	*		33,568,974
Warrants		58		—		26			84
Money Market Funds		24,728,826		—		—			24,728,826
Collateralized Mortgage Obligations		—		687,567,417		3,755,501			691,322,918
U.S. Government Securities		—		603,595,719		—			603,595,719
Corporate Bonds		—		440,630,887		44,128,775			484,759,662
Asset-Backed Securities		—		410,443,397		53,318,166			463,761,563
Senior Floating Rate Interests		—		29,938,185		1,150,000			31,088,185
Federal Agency Bonds		—		17,338,263		—			17,338,263
Municipal Bonds		—		5,524,638		—			5,524,638
Foreign Government Debt		—		2,414,537		—			2,414,537
Options Purchased		—		1,168,043		—			1,168,043
Interest Rate Swaptions Purchased		—		714,437		—			714,437
Credit Default Swap Agreements**		—		47,052		—			47,052
Interest Rate Swap Agreements**		—		1,485,819		—			1,485,819
Forward Foreign Currency Exchange Contracts**		—		68,530		—			68,530
Total Assets	$	24,736,705	$	2,234,505,898	$	102,352,530		$	2,361,595,133

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swaptions Written	$	—	$	680,502	$	—	$	680,502
Credit Default Swap Agreements**		—		50,095		—		50,095
Interest Rate Swap Agreements**		—		1,250,999		—		1,250,999
Forward Foreign Currency Exchange Contracts**		—		1,866		—		1,866
Total Liabilities	$	—	$	1,983,462	$	—	$	1,983,462

*	Security has a market value of $0.
**	This derivative is reported as unrealized appreciation/depreciation at period end.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2024		Valuation Technique	Unobservable Inputs	Input Range		Weighted Average*
Assets:
Asset-Backed Securities	$	23,603,266	Option adjusted spread off prior month end broker quote	Broker Quote		—		—
Asset-Backed Securities		14,105,482	Yield Analysis	Yield		5.6%-7.6%		7.1%
Asset-Backed Securities		12,115,491	Third Party Pricing	Broker Quote		—		—
Asset-Backed Securities		3,493,927	Third Party Pricing	Trade Price		—		—
Collateralized Mortgage Obligations		3,755,501	Option adjusted spread off prior month end broker quote	Broker Quote		—		—
Common Stocks		62	Model Price	Liquidation Value		—		—
Corporate Bonds		21,894,675	Option adjusted spread off prior month end broker quote	Broker Quote		—		—
Corporate Bonds		17,234,100	Yield Analysis	Yield		6.4%-9.4%		7.0%
Corporate Bonds		5,000,000	Third Party Pricing	Trade Price		—		—
Senior Floating Rate Interests		1,150,000	Yield Analysis	Yield		8.8%		—
Warrants		26	Model Price	Liquidation Value		—		—
Total Assets	$	102,352,530

* Inputs are weighted by the fair value of the instruments.

Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3 rather than Level 2, if such a quote or price cannot be supported with other available market information.

Significant changes in a quote, yield or liquidation value would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2024, the Fund had no securities that transferred.

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Summary of Fair Value Level 3 Activity 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2024:

	Assets																		Liabilities
	Asset- Backed Securities			Collateralized Mortgage Obligations			Corporate Bonds			Senior Floating Rate Interests		Warrants		Common Stocks		Total Assets			Unfunded Loan Commitments
Beginning Balance	$	47,319,570		$	3,964,242		$	40,070,150		$	766,667	$	26	$	62	$	92,120,717		$	-
Purchases/(Receipts)		9,588,000			-			5,228,260			383,333		-		-		15,199,593			-
(Sales, maturities and paydowns)/Fundings		(2,853,009	)		(7,138	)		(138,748	)		-		-		-		(2,998,895	)		-
Amortization of premiums/discounts		2,895			(2,806	)		815			-		-		-		904			-
Total realized gains (losses) included in earnings		13,576			-			-			-		-		-		13,576			-
Total change in unrealized appreciation (depreciation) included in earnings		(752,866	)		(198,797	)		(1,031,702	)		-		-		-		(1,983,365	)		-
Transfers into Level 3					-			-			-		-		-					-
Transfers out of Level 3		-			-			-			-		-		-		-			-
Ending Balance	$	53,318,166		$	3,755,501		$	44,128,775		$	1,150,000	$	26	$	62	$	102,352,530		$	-
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2024	$	(752,866	)	$	(198,797	)	$	(1,031,702	)	$	-	$	-	$	-	$	(1,983,365	)	$	-

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date
Angel Oak Mortgage Trust 2024-4, 6.20% due 01/25/69		7.20	%		03/01/28
Angel Oak Mortgage Trust 2024-2, 6.25% due 01/25/69		7.25	%		01/01/28
Angel Oak Mortgage Trust 2024-3, 4.80% due 11/26/68		5.80	%		02/01/28
Angel Oak Mortgage Trust 2024-4, 6.50% due 01/25/69		7.50	%		03/01/28
Angel Oak Mortgage Trust 2024-4, 6.40% due 01/25/69		7.40	%		03/01/28
Angel Oak Mortgage Trust 2023-1, 4.75% due 09/26/67		5.75	%		01/01/27
BRAVO Residential Funding Trust 2024-NQM3, 6.39% due 03/25/64		7.39	%		03/01/28
BRAVO Residential Funding Trust 2023-NQM8, 7.10% due 10/25/63		8.10	%		11/01/27
BRAVO Residential Funding Trust 2024-CES1, 6.38% due 04/25/54		7.38	%		04/01/28
BRAVO Residential Funding Trust 2023-NQM2, 4.50% due 05/25/62		5.50	%		02/01/27
COLT Mortgage Loan Trust 2023-3, 7.18% due 09/25/68		8.18	%		09/01/27
COLT Mortgage Loan Trust 2024-1, 6.14% due 02/25/69		7.14	%		01/01/28
COLT Mortgage Loan Trust 2024-2, 6.13% due 04/25/69		7.13	%		03/01/28
COLT Mortgage Loan Trust 2024-2, 6.33% due 04/25/69		7.33	%		03/01/28
COLT Mortgage Loan Trust 2024-2, 6.43% due 04/25/69		7.43	%		03/01/28
COLT Mortgage Loan Trust 2023-3, 7.58% due 09/25/68		8.58	%		09/01/27
COLT Mortgage Loan Trust 2023-4, 7.62% due 10/25/68		8.62	%		10/01/27
Ellington Financial Mortgage Trust 2024-CES1, 5.52% due 01/26/60		6.52	%		12/01/28
GCAT Trust 2023-NQM3, 6.89% due 08/25/68		7.89	%		09/01/27
GCAT Trust 2024-NQM2, 6.54% due 06/25/59		7.71	%		05/01/28
GCAT Trust 2024-NQM2, 6.09% due 06/25/59		7.36	%		05/01/28
GCAT Trust 2023-NQM3, 7.34% due 08/25/68		8.34	%		09/01/27
JP Morgan Mortgage Trust 2024-NQM1, 5.85% due 02/25/64		6.85	%		12/01/28
LHOME Mortgage Trust 2024-RTL5, 5.32% due 09/25/39		6.32	%		03/25/27
Mill City Securities Ltd. 2024-RS1, 3.00% due 11/01/69		6.00	%		10/01/27

Core Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date
Mill City Securities Ltd. 2024-RS2, 3.00% due 08/01/69		6.00	%		12/01/27
Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3, 5.35% due 07/25/69		6.35	%		09/01/28
OBX Trust 2022-NQM8, 6.10% due 09/25/62		7.10	%		10/01/26
OBX Trust 2024-NQM3, 6.33% due 12/25/63		7.33	%		02/01/28
OBX Trust 2024-NQM8, 6.23% due 05/25/64		7.23	%		05/01/28
OBX Trust 2024-NQM8, 6.59% due 05/25/64		7.59	%		05/01/28
OBX Trust 2024-NQM7, 6.24% due 03/25/64		7.24	%		04/01/28
OBX Trust 2023-NQM9, 7.66% due 10/25/63		8.66	%		10/01/27
OBX Trust 2024-NQM5, 6.29% due 01/25/64		7.29	%		03/01/28
OBX Trust 2024-NQM2, 6.18% due 12/25/63		7.18	%		01/01/28
OBX Trust 2024-NQM3, 6.43% due 12/25/63		7.43	%		02/01/28
OBX Trust 2024-NQM4, 6.22% due 01/25/64		7.22	%		02/01/28
OBX Trust 2024-NQM6, 6.70% due 02/25/64		7.70	%		04/01/28
OBX Trust 2024-NQM7, 6.45% due 03/25/64		7.45	%		04/01/28
OBX Trust 2024-NQM5, 5.99% due 01/25/64		6.99	%		03/01/28
OBX Trust 2024-NQM5, 6.39% due 01/25/64		7.39	%		03/01/28
OBX Trust 2024-NQM7, 6.60% due 03/25/64		7.60	%		04/01/28
OBX Trust 2022-NQM9, 6.45% due 09/25/62		7.45	%		11/01/26
OBX Trust 2024-NQM3, 6.13% due 12/25/63		7.13	%		02/01/28
OBX Trust 2024-NQM6, 6.45% due 02/25/64		7.45	%		04/01/28
OBX Trust 2024-NQM6, 6.85% due 02/25/64		7.85	%		04/01/28
OBX Trust 2024-NQM15, 5.57% due 10/25/64		6.57	%		10/01/28
PRPM LLC 2023-RCF1, 4.00% due 06/25/53		5.00	%		06/25/27
RCKT Mortgage Trust 2024-CES4, 6.15% due 06/25/44		7.15	%		05/01/28
Verus Securitization Trust 2024-1, 6.12% due 01/25/69		7.12	%		01/01/28
Verus Securitization Trust 2023-7, 7.42% due 10/25/68		8.42	%		10/01/27
Verus Securitization Trust 2024-9, 5.89% due 11/25/69		6.89	%		12/01/28
Verus Securitization Trust 2023-2, 6.85% due 03/25/68		7.85	%		03/01/27
Vista Point Securitization Trust 2024-CES3, 5.68% due 01/25/55		6.68	%		12/01/28
Vista Point Securitization Trust 2024-CES2, 5.25% due 10/25/54		6.25	%		09/01/28

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
COMMON STOCKS† - 0.5%
Industrial - 0.3%
API Heat Transfer Intermediate*,†††		2,105	$	2,846,802
BP Holdco LLC*,†††,1		244,278		296,099
YAK BLOCKER 2 LLC*,†††		15,530		25,132
YAK BLOCKER 2 LLC*,†††		14,354		23,229
Vector Phoenix Holdings, LP*,†††		244,278		5,170
Targus, Inc.*,†††		12,773		226
Targus, Inc.*,†††		12,773		1
Total Industrial				3,196,659
Communications - 0.1%
Xplore Inc.*,††		114,139		570,695
Consumer, Non-cyclical - 0.1%
Endo, Inc.*		20,157		493,847
Consumer, Cyclical - 0.0%
SHO Holding I Corp.*,†††		178		140,023
Energy - 0.0%
Permian Production Partners LLC*,†††		401,481		3,356
Total Common Stocks
(Cost $4,798,995)				4,404,580
EXCHANGE-TRADED FUNDS***,† - 2.8%
SPDR Blackstone Senior Loan ETF		602,210		25,130,223
Total Exchange-Traded Funds
(Cost $24,937,026)				25,130,223
MONEY MARKET FUND***,† - 2.9%
Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 4.30%2		26,122,091		26,122,091
Total Money Market Fund
(Cost $26,122,091)				26,122,091
		Face Amount~
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9%
Consumer, Cyclical - 18.0%
PetSmart LLC
8.21% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 02/11/28		6,143,625		6,112,907
Eagle Parent Corp.
8.58% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 04/02/29		6,199,688		6,070,858
American Tire Distributors, Inc.
11.86% (3 Month Term SOFR + 6.51%, Rate Floor: 7.26%) due 10/20/28†††		6,825,000		3,071,250
13.84% (1 Month Term SOFR + 1.50%, Rate Floor: 4.50%) (in-kind rate was 8.00%) due 02/24/25†††,3		2,181,894		2,203,713
11.43% (3 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 10/22/26†††		545,238		507,071
10.82% (1 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 10/22/26†††		272,619		253,536
Truck Hero, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 01/31/28		5,785,047		5,600,041
Congruex Group LLC
10.49% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 05/03/29		6,964,293		5,336,389
Restaurant Brands
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 09/20/30		5,302,351		5,270,324
Petco Health And Wellness Company, Inc.
7.84% (3 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 03/03/28		5,179,248		5,021,177
Flutter Financing B.V.
6.08% (3 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 11/30/30		4,959,900		4,967,340
Peer Holding III BV
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/28/30		3,741,725		3,760,434
7.33% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 07/01/31		990,000		994,019
Alterra Mountain Co.
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 08/17/28		4,649,672		4,675,849
Cedar Fair LP
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 05/01/31		4,477,500		4,484,485
Grant Thornton Advisors LLC
due 05/30/31		2,425,211		2,423,223
7.61% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/02/31		2,024,090		2,022,430
CCRR Parent, Inc.
9.03% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/06/28		7,345,399		4,248,065
Entain Holdings (Gibraltar) Ltd.
6.93% (3 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 03/29/27		2,633,256		2,639,287
7.08% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/31/29		1,592,000		1,595,311
Ontario Gaming GTA, LP
8.58% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 08/01/30		3,938,127		3,943,758
Thevelia US LLC
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 06/18/29		3,895,815		3,915,294
Caesars Entertainment, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 02/06/31		2,408,558		2,409,305
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 02/06/30		1,398,250		1,397,663
Scientific Games Corp.
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 04/04/29		3,687,615		3,693,146

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Consumer, Cyclical - 18.0% (continued)
BIFM CA Buyer, Inc.
8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 05/31/28		3,182,196	$	3,212,427
due 05/31/28		407,288		410,343
Galaxy US Opco, Inc.
9.34% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 04/29/29		4,047,283		3,581,846
Prime Security Services Borrower LLC
6.77% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 10/13/30		2,271,806		2,285,221
6.52% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/15/30		1,287,644		1,289,652
Belron Finance US, LLC
7.27% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/16/31		3,426,413		3,454,269
Paint Intermediate III LLC
7.52% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 09/11/31		3,200,000		3,212,000
Life Time, Inc.
7.03% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 10/22/31		3,185,000		3,193,759
Rent-A-Center, Inc.
7.34% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 02/17/28†††		3,020,201		3,020,201
AmSpec Parent LLC
due 12/11/31		2,938,137		2,952,828
Apro LLC
8.27% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/09/31		2,643,375		2,666,505
TransNetwork LLC
9.08% (3 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 12/30/30†††		2,478,722		2,491,116
AlixPartners, LLP
6.97% (1 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 02/04/28		2,455,495		2,462,665
Da Vinci Purchaser Corp.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.50%) due 01/08/27		2,339,106		2,346,614
Crash Champions Inc.
9.27% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 02/23/29		2,378,900		2,247,323
Packers Holdings LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 03/09/28		4,394,970		2,188,695
Seren BidCo AB
7.72% (3 Month SOFR + 3.15%, Rate Floor: 3.65%) due 11/16/28		2,134,000		2,146,889
Seaworld Parks & Entertainment, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 11/19/31		2,094,750		2,087,774
Clarios Global, LP
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/06/30		2,036,296		2,042,405
Holding Socotec SAS
due 06/02/28		2,020,000		2,025,050
Match Group, Inc.
6.27% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 02/13/27		2,000,000		1,995,000
EG Finco Ltd.
7.18% (3 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 02/07/28	EUR	1,706,122		1,769,375
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 02/07/28		138,385		139,827
due 02/07/28		70,000		70,538
Alexander Mann
10.67% (3 Month SOFR + 6.00%, Rate Floor: 6.00%) due 06/29/27		1,946,560		1,880,864
Sweetwater Sound
8.72% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 08/07/28		1,871,780		1,876,459
First Brands Group LLC
9.85% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27		1,878,386		1,759,428
Frontdoor, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 12/17/31		1,595,000		1,598,988

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Consumer, Cyclical - 18.0% (continued)
PCI Gaming Authority, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/18/31		1,570,600	$	1,566,014
Bulldog Purchaser, Inc.
8.58% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 06/30/31		1,185,824		1,192,738
due 06/30/31		360,000		362,099
Go Daddy Operating Company LLC
6.11% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 11/09/29		1,428,888		1,431,025
AAL Delaware Holdco, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 07/30/31		1,386,525		1,394,331
Fertitta Entertainment LLC
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 01/27/29		1,376,462		1,380,426
Michaels Stores, Inc.
8.84% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 04/15/28		1,640,493		1,317,759
ImageFIRST Holdings LLC
8.58% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 04/27/28†††		1,227,600		1,227,600
Mavis Tire Express Services TopCo Corp.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 05/04/28		1,151,714		1,158,198
American Trailer World Corp.
8.21% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 03/03/28		1,085,951		960,795
Station Casinos LLC
6.38% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 03/14/31		828,738		829,135
Dealer Tire LLC
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/02/31		558,600		558,600
Hanesbrands, Inc.
8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 03/08/30†††		542,087		546,153
CHG Healthcare Services, Inc.
8.28% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 09/29/28		510,422		514,036
Hilton Worldwide Finance LLC
6.09% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 11/08/30		427,249		429,121
WW International, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 04/13/28		1,653,750		357,210
SHO Holding I Corp.
11.17% (1 Month Term SOFR + 6.50%, Rate Floor: 7.50%) due 06/30/29†††		261,960		259,985
16.57% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) (in-kind rate was 4.90%) due 06/30/29†††,3		95,214		83,788
Total Consumer, Cyclical				162,593,949
Industrial - 17.2%
Arcline FM Holdings, LLC
9.31% ((3 Month Term SOFR + 4.50%) and (6 Month Term SOFR + 4.50%), Rate Floor: 5.25%) due 06/23/28		9,327,211		9,372,541
Pelican Products, Inc.
8.84% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 12/29/28		8,890,558		7,965,940
Hunter Douglas, Inc.
8.02% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/26/29		6,511,827		6,495,548
American Bath Group LLC
8.21% (3 Month Term SOFR + 3.85%, Rate Floor: 4.35%) due 11/23/27		6,178,227		6,009,005
Park River Holdings, Inc.
8.10% (3 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 12/28/27		5,908,104		5,753,016
White Cap Supply Holdings LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/19/29		4,924,433		4,928,521
TransDigm, Inc.
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 02/28/31		3,191,169		3,195,477
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/19/32		1,526,175		1,528,556
Amentum Holdings, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 09/29/31		4,664,732		4,645,280
Michael Baker International LLC
9.11% (1 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 12/01/28		4,629,604		4,644,094

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Industrial - 17.2% (continued)
Fugue Finance LLC
8.51% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 01/31/28		2,093,586	$	2,110,167
8.26% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 02/26/31		1,721,350		1,730,817
due 12/05/31		685,000		690,425
DXP Enterprises, Inc.
8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 10/11/30		4,440,920		4,487,194
DG Investment Intermediate Holdings 2, Inc.
8.22% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 03/31/28		4,449,717		4,484,959
Duran Group Holding GmbH
8.55% (6 Month EURIBOR + 5.50%, Rate Floor: 5.50%) due 05/31/26†††	EUR	4,527,760		4,363,089
LBM Acquisition LLC
8.30% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 06/06/31		4,241,023		4,199,079
AS Mileage Plan Ltd.
6.66% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/15/31		4,100,000		4,114,350
Engineered Machinery Holdings, Inc.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 05/19/28		3,458,214		3,477,683
United Airlines, Inc.
6.63% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 02/22/31		3,348,266		3,354,260
Aegion Corp.
8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 05/17/28		3,298,303		3,318,093
Hobbs & Associates LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/23/31		2,955,547		2,967,546
7.65% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/23/31		295,555		296,755
Mirion Technologies, Inc.
6.58% (3 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 10/20/28		3,065,287		3,073,901
Merlin Buyer, Inc.
9.08% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 12/14/28		2,932,688		2,925,357
Protective Industrial Products, Inc.
8.47% (1 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 12/29/27		2,904,279		2,900,649
Mauser Packaging Solutions Holding Co.
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 04/15/27		2,749,905		2,766,597
Genesee & Wyoming, Inc.
6.08% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/10/31		2,683,275		2,675,359
Cube A&D Buyer, Inc.
8.13% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 10/17/31		2,550,000		2,562,750
Engineering Research And Consulting LLC
9.51% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/29/31†††		2,550,000		2,524,500
Cognita Ltd.
8.82% (1 Month SOFR + 4.00%, Rate Floor: 4.50%) due 10/27/31†††		2,470,500		2,495,205
EMRLD Borrower, LP
6.93% (6 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/31/30		2,448,965		2,456,190
Quikrete Holdings, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 03/19/29		2,354,849		2,352,141
Foundation Building Materials Holding Company LLC
8.59% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 01/29/31		2,282,750		2,243,669
Anchor Packaging LLC
8.32% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/18/29		2,224,425		2,239,718
Brown Group Holding LLC
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 07/01/31		2,001,459		2,007,403
7.00% ((1 Month Term SOFR + 2.50%) and (3 Month Term SOFR + 2.50%), Rate Floor: 3.00%) due 07/01/31		186,564		186,978

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Industrial - 17.2% (continued)
API Heat Transfer
12.66% (3 Month Term SOFR + 8.00%, Rate Floor: 11.00%) due 11/12/27†††		1,372,793	$	1,372,794
9.66% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 11/10/27†††		794,551		794,551
STS Operating, Inc.
8.46% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 03/25/31		2,000,880		2,004,882
Artera Services LLC
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 02/15/31		1,940,338		1,920,391
StandardAero
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 10/31/31		1,850,000		1,856,937
Jefferies Finance LLC
due 10/09/31		1,735,000		1,743,675
ASP Dream Acquisiton Co. LLC
8.71% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 12/15/28		1,690,170		1,700,733
Air Canada
6.34% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 03/21/31		1,647,550		1,652,707
Albion Financing 3 SARL
9.10% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 08/16/29		1,604,444		1,617,810
CPM Holdings, Inc.
9.05% (1 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 09/28/28		1,560,265		1,509,993
Madison Safety & Flow LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 09/26/31		1,365,365		1,374,321
Bleriot US Bidco LLC
7.08% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 10/31/30		1,307,163		1,313,084
TricorBraun Holdings, Inc.
7.72% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 03/03/28		1,259,367		1,257,314
GFL Environmental, Inc.
6.61% (3 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 07/03/31		1,236,900		1,238,248
ProAmpac PG Borrower LLC
8.60% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 09/15/28		1,215,660		1,218,091
FCG Acquisitions, Inc.
8.22% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 03/31/28		1,166,977		1,173,395
Standard Industries, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 2.25%) due 09/22/28		844,684		845,934
Savage Enterprises LLC
7.30% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 09/15/28		769,243		774,989
MI Windows And Doors LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/28/31		726,350		732,604
SiteOne Landscaping Supply Holding LLC
6.27% (1 Month Term SOFR + 1.75%, Rate Floor: 2.25%) due 03/23/30		698,250		698,250
American Residential Services LLC
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 10/15/27†††		562,073		566,288
Osmose Utility Services, Inc.
7.72% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 06/23/28		478,901		479,202
Total Industrial				155,389,005
Consumer, Non-cyclical -14.1%
VC GB Holdings I Corp.
8.09% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/21/28		7,195,804		7,190,263
National Mentor Holdings, Inc.
8.20% ((1 Month Term SOFR + 3.75%) and (3 Month Term SOFR + 3.75%), Rate Floor: 4.50%) due 03/02/28		6,381,674		6,315,176
8.18% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 03/02/28		211,372		209,170
Bombardier Recreational Products, Inc.
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 01/22/31		6,353,967		6,354,857
Medical Solutions Parent Holdings, Inc.
8.19% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 11/01/28		9,052,117		6,349,064

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Consumer, Non-cyclical -14.1% (continued)
Weber-Stephen Products LLC
7.72% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 10/30/27		6,279,733	$	6,250,281
Quirch Foods Holdings LLC
9.64% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/27/27		6,532,861		6,075,561
Dermatology Intermediate Holdings III, Inc.
8.84% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 03/30/29		5,110,554		4,919,726
PlayCore
9.09% (3 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 02/20/30		4,809,745		4,850,339
HAH Group Holding Co. LLC
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31		4,755,388		4,749,443
Agiliti
7.38% ((3 Month Term SOFR + 3.00%) and (6 Month Term SOFR + 3.00%), Rate Floor: 3.00%) due 05/01/30		4,534,646		4,443,953
TGP Holdings LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 06/29/28		4,534,352		4,409,159
Chefs' Warehouse, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 08/23/29		4,191,208		4,212,164
Midwest Veterinary Partners LLC
8.39% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 04/27/28		4,159,535		4,164,734
Froneri US, Inc.
6.36% (3 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 09/30/31		4,161,561		4,162,310
Grifols Worldwide Operations USA, Inc.
6.74% (3 Month Term SOFR + 2.00%, Rate Floor: 3.00%) due 11/15/27		4,105,658		4,084,103
Del Monte Foods, Inc.
14.62% (3 Month Term SOFR + 8.00%, Rate Floor: 8.00%) (in-kind rate was 2.00%) due 08/02/283		2,076,931		2,064,470
8.85% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 08/01/28		3,346,283		1,996,058
Outcomes Group Holdings, Inc.
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 05/06/31		3,868,814		3,905,568
Hayward Industries, Inc.
6.97% (1 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 05/30/28		3,537,336		3,551,697
Perrigo Investments LLC
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 04/20/29		3,141,690		3,147,188
Resonetics LLC
8.37% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 06/18/31		3,002,218		3,018,009
CHG PPC Parent LLC
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 12/08/28		2,880,795		2,893,413
Topgolf Callaway Brands Corp.
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/15/30		2,714,400		2,699,688
Balrog Acquisition, Inc.
9.28% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 09/05/28†††		2,556,329		2,562,720
Elanco Animal Health, Inc.
6.40% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 08/01/27		2,515,167		2,510,841
Midwest Physician Administrative Services
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 03/12/28		2,461,777		2,323,007
Summit Behavioral Healthcare LLC
8.76% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 11/24/28†††		2,664,793		2,131,835
Cambrex Corp.
7.96% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 12/04/26		2,083,573		2,080,593
Pacific Dental Services LLC
7.13% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 03/15/31		1,890,713		1,901,641
Hanger, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 10/23/31		1,807,300		1,823,114
Energizer Holdings, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 12/22/27		1,797,875		1,799,565

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Consumer, Non-cyclical -14.1% (continued)
Heritage Grocers Group LLC
11.18% (3 Month Term SOFR + 6.75%, Rate Floor: 7.50%) due 08/01/29		1,877,666	$	1,779,877
Blue Ribbon LLC
10.85% (3 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 05/08/28		2,405,128		1,611,436
IVI America LLC
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/09/31		1,494,520		1,503,860
Nomad Foods Ltd.
6.97% (6 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 11/12/29		1,039,500		1,041,662
Aramark Services, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 06/22/30		997,468		1,001,957
Upstream Newco, Inc.
9.10% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 11/20/26		723,750		596,435
Mamba Purchaser, Inc.
7.36% (3 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 10/16/28		309,062		310,850
Total Consumer, Non-cyclical				126,995,787
Technology - 13.8%
CoreLogic, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 06/02/28		8,434,951		8,317,452
Athenahealth Group, Inc.
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 02/15/29		6,004,832		6,011,257
Polaris Newco LLC
8.85% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 06/02/28		5,893,401		5,899,412
CACI International, Inc.
6.29% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 10/30/31		5,500,000		5,503,465
Boxer Parent Co., Inc.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/30/31		5,119,864		5,157,699
Wrench Group LLC
8.59% (3 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 10/30/28		5,343,348		5,116,255
DCert Buyer, Inc.
8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 10/16/26		5,134,211		4,919,241
Planview Parent, Inc.
8.10% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 12/17/27		4,763,568		4,801,295
Xerox Corp.
8.34% ((1 Month Term SOFR + 4.00%) and (3 Month Term SOFR + 4.00%), Rate Floor: 4.50%) due 11/17/29		4,647,543		4,634,948
Ascend Learning LLC
7.96% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 12/11/28		4,574,379		4,594,415
Atlas CC Acquisition Corp.
9.03% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 05/25/28		6,666,370		4,453,135
Conair Holdings LLC
8.22% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 05/17/28		4,891,328		4,380,380
Iron Mountain Information Management Services, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 01/31/31		4,324,090		4,317,344
Sabre GLBL, Inc.
9.46% (1 Month Term SOFR + 5.00%, Rate Floor: 5.50%) due 06/30/28		3,296,299		3,204,267
10.46% (1 Month Term SOFR + 6.00%, Rate Floor: 7.50%) due 11/15/29		699,700		694,452
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 12/17/27		343,832		333,517
CCC Intelligent Solutions, Inc.
6.72% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 09/21/28		3,870,251		3,881,320
Taxware Holdings (Sovos Compliance LLC)
8.97% (1 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 08/11/28		3,688,798		3,711,005
Cloud Software Group, Inc.
7.83% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 03/29/29		3,638,851		3,646,711
Pushpay USA, Inc.
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 08/15/31†††		3,224,175		3,240,296
Peraton Corp.
8.21% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 02/01/28		3,429,093		3,184,050

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Technology - 13.8% (continued)
Indicor LLC
7.19% (3 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 11/22/29		3,024,208	$	3,037,228
Azalea TopCo
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 04/30/31		2,943,324		2,948,858
RealPage, Inc.
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 04/24/28		2,940,316		2,931,642
Modena Buyer LLC
8.86% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/01/31		2,644,415		2,553,738
Instructure Holdings, Inc.
7.52% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 09/12/31		2,531,602		2,538,716
DS Admiral Bidco LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 06/26/31		2,618,070		2,532,983
Blackhawk Network Holdings, Inc.
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/12/29		2,477,550		2,504,976
Zuora, Inc.
due 12/12/31		2,247,291		2,236,054
Central Parent LLC
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/06/29		2,096,521		2,065,346
Project Ruby Ultimate Parent Corp.
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/10/28		1,094,550		1,098,425
7.72% (3 Month Term SOFR + 3.61%, Rate Floor: 3.61%) due 03/10/28		905,450		909,036
Epicor Software
7.11% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 05/30/31		1,895,338		1,907,374
Dye & Durham Corp.
8.43% (3 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 04/11/31		1,431,964		1,445,683
World Wide Technology Holding Co. LLC
6.79% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 03/01/30†††		1,387,239		1,388,973
Gen Digital, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 2.25%) due 09/12/29		1,237,578		1,232,591
Leia Finco US LLC
7.89% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/09/31		1,088,047		1,086,175
E2open LLC
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/04/28		847,806		850,985
Waystar Technologies, Inc.
due 10/22/29		816,290		818,674
Imprivata, Inc.
8.09% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 12/01/27		633,827		636,996
Sabre GLBL, Inc.
10.46% (1 Month Term SOFR + 6.00%, Rate Floor: 7.50%) due 11/15/29†††		304,756		297,137
Total Technology				125,023,506
Financial - 12.2%
USI, Inc.
6.58% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 11/22/29		5,439,363		5,425,112
6.58% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 09/27/30		1,478,885		1,474,818
Citadel Securities, LP
6.33% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/31/31		6,380,856		6,395,340
Apex Group Treasury LLC
8.96% (6 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 07/27/28		3,386,250		3,414,830
9.08% (6 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 07/27/28		2,058,158		2,074,458
Nexus Buyer LLC
8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 07/31/31		5,127,871		5,140,691
AmWINS Group, Inc.
6.72% (1 Month Term SOFR + 2.25%, Rate Floor: 3.00%) due 02/19/28		5,009,557		5,022,281
Worldpay
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/31/31		4,917,675		4,937,149
Jane Street Group, LLC
6.40% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 01/26/28		4,777,995		4,771,449

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Financial - 12.2% (continued)
Orion Advisor Solutions, Inc.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 09/24/30		4,139,907	$	4,174,186
Asurion LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30		3,938,189		3,924,130
Duff & Phelps
8.08% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 04/09/27		4,004,951		3,909,833
HighTower Holding LLC
8.07% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 04/21/28		3,826,024		3,840,371
Cobham Ultra SeniorCo SARL
9.24% (6 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 08/03/29		3,674,924		3,657,872
Corpay, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/28/28		3,650,000		3,644,124
Trans Union LLC
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 06/24/31		3,267,540		3,260,384
Focus Financial Partners LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 09/15/31		3,214,348		3,241,252
Virtu Financial
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 06/21/31		3,085,000		3,090,800
Franklin Square Holdings, LP
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 04/25/31		2,707,136		2,720,672
Tegra118 Wealth Solutions, Inc.
8.52% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/18/27		2,776,844		2,656,218
Eisner Advisory Group
8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 02/28/31		2,520,771		2,544,189
Delos Aircraft Leasing
6.08% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 10/31/27		2,508,571		2,516,198
Alliant Holdings Intermediate LLC
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 09/19/31		2,492,159		2,496,047
Ryan Specialty LLC
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 3.00%) due 09/15/31		2,472,732		2,478,914
Harbourvest Partners LP
6.58% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 04/18/30†††		2,453,256		2,456,322
Jefferies Finance LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 10/21/31		2,380,000		2,387,449
Franchise Group, Inc.
10.39% (3 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 03/10/26		4,096,986		2,345,525
Pex Holdings LLC
7.08% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 11/19/31		2,030,000		2,037,613
Starwood Property Mortgage LLC
due 12/12/29		2,006,601		1,999,077
Assetmark Financial Holdings, Inc.
7.08% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 09/05/31		1,800,000		1,805,058
Alter Domus
8.12% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/17/31		1,758,919		1,770,792
GIP Pilot Acquisition Partners, LP
7.09% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 10/04/30		1,598,989		1,606,984
CPI Holdco B LLC
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 05/17/31		1,610,963		1,606,355
Aretec Group, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 08/09/30		1,599,323		1,605,656
Ardonagh Midco 3 plc
8.51% ((3 Month Term SOFR + 3.75%) and (6 Month Term SOFR + 3.75%), Rate Floor: 3.75%) due 02/15/31		1,532,912		1,540,577
FleetCor Technologies Operating Company LLC
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/28/28		1,500,000		1,504,267

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Financial - 12.2% (continued)
Franchise Group, Inc.
13.60% (1 Month Term SOFR + 9.00%, Rate Floor: 10.00%) due 04/30/25†††		1,034,412	$	1,034,412
Total Financial				110,511,405
Communications - 6.8%
CSC Holdings LLC
8.90% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 01/18/28		6,643,739		6,503,489
Virgin Media Bristol LLC
7.01% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/31/28		6,016,233		5,968,584
Titan AcquisitionCo New Zealand Ltd. (Trade Me)
8.59% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 10/18/28		5,898,726		5,909,815
McGraw Hill LLC
8.33% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 08/06/31		5,416,181		5,472,617
SBA Senior Finance II LLC
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 01/25/31		5,030,303		5,028,593
Zayo Group Holdings, Inc.
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 03/09/27		3,890,000		3,643,957
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/09/27		1,148,468		1,073,335
Speedster Bidco GMBH
due 10/17/31		4,214,142		4,221,180
Altice France SA
10.16% (3 Month Term SOFR + 5.50%, Rate Floor: 5.50%) due 08/15/28		4,868,205		3,893,347
Charter Communications Operating LLC
6.59% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 12/07/30		3,217,500		3,205,788
Level 3 Financing, Inc.
10.92% (1 Month Term SOFR + 6.56%, Rate Floor: 6.56%) due 04/15/30		1,298,730		1,322,107
10.92% (1 Month Term SOFR + 6.56%, Rate Floor: 6.56%) due 04/15/29		1,289,271		1,312,800
Playtika Holding Corp.
7.22% (1 Month Term SOFR + 2.75%, Rate Floor: 3.75%) due 03/13/28		2,591,009		2,595,595
Midcontinent Communications
6.90% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 08/16/31		2,493,750		2,504,673
Cengage Learning, Inc.
7.96% ((1 Month Term SOFR + 3.50%) and (3 Month Term SOFR + 3.50%), Rate Floor: 4.50%) due 03/24/31		2,339,550		2,348,955
Xplore, Inc.
6.00% (1 Month Term SOFR + 1.50%, Rate Floor: 1.50%) due 10/24/31		2,024,633		1,639,953
9.47% (1 Month Term SOFR + 1.50%, Rate Floor: 1.50%) (in-kind rate was 3.50%) due 10/23/293		565,050		555,162
LCPR Loan Financing LLC
8.26% (1 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 10/16/28		1,848,896		1,652,451
UFC Holdings LLC
6.77% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 11/21/31		1,425,000		1,431,156
UPC Broadband Holding BV
7.44% (1 Month Term SOFR + 2.93%, Rate Floor: 2.93%) due 01/31/29		1,216,614		1,221,590
Total Communications				61,505,147
Basic Materials - 3.5%
Arsenal AIC Parent LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 08/18/30		4,961,936		4,997,910
CTEC III GmbH
6.41% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 03/16/29	EUR	4,607,000		4,757,177
Discovery Purchaser Corp.
8.95% (3 Month Term SOFR + 4.36%, Rate Floor: 4.86%) due 10/04/29		3,721,517		3,738,264
NIC Acquisition Corp.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 12/29/27		3,528,762		3,147,938
Illuminate Buyer LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 12/31/29		2,859,367		2,884,844
LSF11 A5 HoldCo LLC
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 10/15/28		2,514,680		2,527,254

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 89.9% (continued)
Basic Materials - 3.5% (continued)
Platform Specialty Products
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 12/18/30		2,336,444	$	2,338,103
Vantage Specialty Chemicals, Inc.
9.11% (1 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 10/26/26		2,229,500		2,196,057
Nouryon USA LLC
7.66% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 04/03/28		1,341,475		1,355,454
Trinseo Materials Operating S.C.A.
7.28% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/03/28		1,544,000		1,012,293
SCIH Salt Holdings, Inc.
7.57% (3 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 03/16/27		870,000		871,418
TPC Group, Inc.
10.11% (3 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 11/22/31		790,000		785,063
GrafTech Finance, Inc.
due 11/04/29		670,035		670,035
A-AP Buyer, Inc.
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 09/09/31		650,000		654,062
Total Basic Materials				31,935,872
Energy - 2.7%
BANGL LLC
9.09% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 02/01/29		4,119,422		4,143,892
Par Petroleum LLC
8.33% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 02/28/30		3,600,383		3,586,881
AL GCX Holdings LLC
7.26% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 05/17/29		3,486,860		3,501,679
TransMontaigne Operating Company, LP
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 11/17/28		2,527,716		2,546,269
WhiteWater DBR HoldCo LLC
6.63% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 03/03/31		1,860,338		1,867,891
ITT Holdings LLC
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/11/30		1,782,505		1,790,972
CVR Energy, Inc.
due 12/30/27		1,690,000		1,690,000
Traverse Midstream Partners LLC
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 02/16/28		1,626,172		1,632,270
Buckeye Partners, LP
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 11/22/30		821,378		821,468
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 11/01/26		699,625		699,234
Bip PipeCo Holdings LLC
6.84% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 12/06/30		1,279,044		1,281,602
Permian Production Partners LLC
12.47% (1 Month Term SOFR + 6.00%, Rate Floor: 7.00%) (in-kind rate was 2.00%) due 11/24/253		492,718		487,790
Total Energy				24,049,948
Utilities - 1.6%
Calpine Construction Finance Company, LP
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/31/30		4,965,050		4,949,857
UGI Energy Services LLC
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 02/22/30		4,088,962		4,103,437
NRG Energy, Inc.
6.60% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/16/31		2,692,829		2,692,614
TerraForm Power Operating LLC
6.93% (3 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 05/21/29		2,533,582		2,535,685
Total Utilities				14,281,593
Total Senior Floating Rate Interests
(Cost $833,797,367)				812,286,212
CORPORATE BONDS†† - 4.0%
Consumer, Non-cyclical -1.4%
Sotheby's
7.38% due 10/15/274		2,875,000		2,842,957
Cheplapharm Arzneimittel GmbH
5.50% due 01/15/284		2,975,000		2,694,733
ADT Security Corp.
4.13% due 08/01/294		2,875,000		2,643,353
Tenet Healthcare Corp.
4.38% due 01/15/30		2,800,000		2,600,657
HCA, Inc.
4.50% due 02/15/27		1,500,000		1,485,891

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 4.0% (continued)
Consumer, Non-cyclical -1.4% (continued)
WW International, Inc.
4.50% due 04/15/294		2,875,000	$	573,836
Total Consumer, Non-cyclical				12,841,427
Communications - 1.0%
VZ Secured Financing B.V.
5.00% due 01/15/324		3,500,000		3,095,602
Altice France S.A.
5.50% due 10/15/294		2,850,000		2,134,727
McGraw-Hill Education, Inc.
5.75% due 08/01/284		1,575,000		1,537,772
LCPR Senior Secured Financing DAC
6.75% due 10/15/274		1,583,000		1,432,298
Level 3 Financing, Inc.
11.00% due 11/15/294		899,070		1,011,381
Total Communications				9,211,780
Industrial - 0.7%
New Enterprise Stone & Lime Company, Inc.
5.25% due 07/15/284		2,875,000		2,777,343
GrafTech Global Enterprises, Inc.
9.88% due 12/23/294		2,120,000		1,886,800
Brundage-Bone Concrete Pumping Holdings, Inc.
6.00% due 02/01/264		1,412,000		1,411,193
Total Industrial				6,075,336
Consumer, Cyclical - 0.5%
Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc.
4.63% due 01/15/294		5,000,000		4,633,399
Basic Materials - 0.2%
WR Grace Holdings LLC
4.88% due 06/15/274		1,975,000		1,913,888
Mirabela Nickel Ltd.
due 06/24/19†††,5,6		1,279,819		6,399
Total Basic Materials				1,920,287
Financial - 0.2%
Hunt Companies, Inc.
5.25% due 04/15/294		1,850,000		1,753,521
Total Corporate Bonds
(Cost $42,098,077)				36,435,750
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 0.9%
Residential Mortgage-Backed Securities - 0.9%
RALI Series Trust
2006-QO6, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 06/25/46◊		10,472,375		2,280,463
2006-QO2, 4.89% (1 Month Term SOFR + 0.55%, Rate Floor: 0.44%) due 02/25/46◊		416,751		72,075
Washington Mutual Mortgage Pass-Through Certificates Trust
2007-OA6, 5.64% (1 Year CMT Rate + 0.81%, Rate Floor: 0.81%) due 07/25/47◊		2,023,902		1,647,255
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 5.67% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46◊		1,394,234		1,135,856
American Home Mortgage Assets Trust
2006-4, 4.91% (1 Month Term SOFR + 0.32%, Rate Floor: 0.32%) due 10/25/46◊		2,099,664		1,112,439
Lehman XS Trust Series
2006-16N, 4.83% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 11/25/46◊		1,109,458		967,465
Nomura Resecuritization Trust
2015-4R, 3.10% (1 Month Term SOFR + 0.54%, Rate Floor: 0.43%) due 03/26/36◊		345,021		331,909
Alliance Bancorp Trust
2007-OA1, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 07/25/37◊		321,859		274,667
Morgan Stanley Re-REMIC Trust
2010-R5, 3.50% due 06/26/36		193,469		180,853
GSAA Home Equity Trust
2007-7, 4.99% (1 Month Term SOFR + 0.65%, Rate Floor: 0.54%) due 07/25/37◊		63,561		60,277
New Century Home Equity Loan Trust
2004-4, 5.25% (1 Month Term SOFR + 0.91%, Rate Cap/Floor: 12.50%/0.80%) due 02/25/35◊		39,292		40,970
Total Residential Mortgage-Backed Securities				8,104,229
Total Collateralized Mortgage Obligations
(Cost $11,621,830)				8,104,229

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 0.0%
Collateralized Loan Obligations - 0.0%
Octagon Loan Funding Ltd.
2014-1A SUB, due 11/18/314,7		2,071,948	$	181,801
Treman Park CLO Ltd.
2015-1A COM, due 10/20/284,7		977,702		2,796
Total Collateralized Loan Obligations				184,597
Total Asset-Backed Securities
(Cost $0)				184,597
Total Investments - 101.0%
(Cost $943,375,386)			$	912,667,682
Other Assets & Liabilities, net - (1.0)%				(8,846,688	)
Total Net Assets - 100.0%			$	903,820,994

Forward Foreign Currency Exchange Contracts^††

Counterparty	Currency	Type	Quantity	Contract Amount	Settlement Date	Unrealized Appreciation (Depreciation)
Barclays Bank plc	EUR	Sell	13,897,000	14,588,132 USD	01/17/25	$	180,153
Toronto-Dominion Bank	EUR	Buy	235,000	244,841 USD	01/17/25		(1,201	)
						$	178,952

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2024.
3	Payment-in-kind security.
4	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $32,527,400 (cost $36,702,199), or 3.6% of total net assets.
5	Security is in default of interest and/or principal obligations.
6	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $6,399 (cost $1,160,811), or less than 0.1% of total net assets — See Note 6.
7	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.

CMT — Constant Maturity Treasury

EUR — Euro

EURIBOR — European Interbank Offered Rate

plc — Public Limited Company

REMIC — Real Estate Mortgage Investment Conduit

SARL —  Société à Responsabilité Limitée

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

Floating Rate Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The following table summarizes the inputs used to value the Fund's investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	493,847	$	570,695	$	3,340,038	$	4,404,580
Exchange-Traded Funds		25,130,223		—		—		25,130,223
Money Market Fund		26,122,091		—		—		26,122,091
Senior Floating Rate Interests		—		773,393,677		38,892,535		812,286,212
Corporate Bonds		—		36,429,351		6,399		36,435,750
Collateralized Mortgage Obligations		—		8,104,229		—		8,104,229
Asset-Backed Securities		—		184,597		—		184,597
Forward Foreign Currency Exchange Contracts**		—		180,153		—		180,153
Total Assets	$	51,746,161	$	818,862,702	$	42,238,972	$	912,847,835

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Forward Foreign Currency Exchange Contracts**	$	—	$	1,201	$	—	$	1,201
Unfunded Loan Commitments (Note 5)		—		—		18,195		18,195
Total Liabilities	$	—	$	1,201	$	18,195	$	19,396

^** This derivative is reported as unrealized appreciation/depreciation at period end.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2024		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Common Stocks	$	3,288,094	Enterprise Value	Valuation Multiple	2.6x-8.8x	4.9x
Common Stocks		51,944	Model Price	Liquidation Value	—	—
Corporate Bonds		6,399	Third Party Pricing	Trade Price	—	—
Senior Floating Rate Interests		35,620,810	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		2,167,345	Model Price	Purchase Price	—	—
Senior Floating Rate Interests		760,607	Third Party Pricing	Trade Price	—	—
Senior Floating Rate Interests		343,773	Yield Analysis	Yield	10.8%-15.1%	12.0%
Total Assets	$	42,238,972
Liabilities:
Unfunded Loan Commitments	$	18,195	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2024, the Fund had securities with a total value of $9,559,763 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $9,186,864 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Summary of Fair Value Level 3 Activity 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2024:

	Assets											Liabilities
		Corporate Bonds		Senior Floating Rate Interests			Common Stocks			Total Assets			Unfunded Loan Commitments
Beginning Balance	$	6,399	$	35,335,387		$	3,525,308		$	38,867,094		$	(20,064	)
Purchases/(Receipts)		-		6,425,907			-			6,425,907			(162,309	)
(Sales, maturities and paydowns)/Fundings		-		(2,009,240	)		(563	)		(2,009,803	)		127,799
Amortization of premiums/discounts		-		121,462			-			121,462			87,558
Total realized gains (losses) included in earnings		-		17,810			(190	)		17,620			(43,893	)
Total change in unrealized appreciation (depreciation) included in earnings		-		(1,371,690	)		(184,517	)		(1,556,207	)		(7,286	)
Transfers into Level 3		-		9,559,763			-			9,559,763			-
Transfers out of Level 3		-		(9,186,864	)		-			(9,186,864	)		-
Ending Balance	$	6,399	$	38,892,535		$	3,340,038		$	42,238,972		$	(18,195	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2024	$	-	$	(4,116,868	)	$	(184,728	)	$	(4,301,596	)	$	(16,798	)

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated person, as defined in the Investment Company Act of 1940 ("affiliated issuer").

Transactions during the period ended December 31, 2024, in which the company is an affiliated issuer, were as follows:

Security Name

Value 09/30/24

Additions

Reductions

Realized Gain (Loss)

Change in Unrealized Appreciation (Depreciation)

Value 12/31/24

Shares 12/31/24

Common Stocks

BP Holdco LLC*

$

296,099

$

–

$

–

$

–

$

–

$

296,099

244,278

^* Non-income producing security.

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
COMMON STOCKS† - 0.3%
Consumer, Non-cyclical - 0.3%
Endo, Inc.*		22,743	$	557,203
Save-A-Lot*,†††		797,632		80
Endo Guc Trust — Class A*,†††		13,040		1
Total Consumer, Non-cyclical				557,284
Industrial - 0.0%
BP Holdco LLC*,†††,1		23,711		28,741
YAK BLOCKER 2 LLC*,†††		6,243		10,102
YAK BLOCKER 2 LLC*,†††		5,770		9,337
Vector Phoenix Holdings, LP*,†††		23,711		502
Targus,  Inc.*,†††		12,825		227
Total Industrial				48,909
Energy - 0.0%
Legacy Reserves, Inc.†††		3,452		13,808
Permian Production Partners LLC*,†††		57,028		477
Total Energy				14,285
Financial - 0.0%
Endo Luxembourg Finance Co I SARL / Endo US, Inc.*,†††,2		1,210,000		121
Endo Luxembourg Finance Co I SARL / Endo US, Inc.*,†††,2		950,000		95
Avison Young (Canada), Inc.*,††		132		33
Total Financial				249
Total Common Stocks
(Cost $522,879)				620,727
PREFERRED STOCKS† - 1.2%
Financial - 1.0%
Citigroup, Inc.
7.63%††		775,000		807,421
American National Group, Inc.
8.37%		21,500		541,800
Goldman Sachs Group, Inc.
7.50%††		475,000		500,973
Avison Young (Canada), Inc.		185,779		51,089
Total Financial				1,901,283
Energy - 0.2%
Venture Global LNG, Inc.
9.00%††,3		475,000		496,633
Industrial - 0.0%
U.S. Shipping Corp.*,†††		14,718		2
Total Preferred Stocks
(Cost $2,787,805)				2,397,918
WARRANT† - 0.0%
Ginkgo Bioworks Holdings, Inc.
Expiring 09/16/26*		4		–
Total Warrant
(Cost $9)				–
MONEY MARKET FUND***,† - 2.3%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.33%4		4,414,568		4,414,568
Total Money Market Fund
(Cost $4,414,568)				4,414,568
	Face Amount~
CORPORATE BONDS†† - 81.6%
Consumer, Cyclical - 15.5%
Ferrellgas Limited Partnership / Ferrellgas Finance Corp.
5.38% due 04/01/263		1,225,000		1,212,123
Clarios Global Limited Partnership / Clarios US Finance Co.
8.50% due 05/15/273		475,000		475,723
6.75% due 05/15/283		350,000		356,401
6.25% due 05/15/263		325,000		324,919
Caesars Entertainment, Inc.
6.00% due 10/15/323		700,000		674,918
8.13% due 07/01/273		306,000		309,059
6.50% due 02/15/323		150,000		150,677
PetSmart, Inc. / PetSmart Finance Corp.
4.75% due 02/15/283		1,150,000		1,085,020
Wolverine World Wide, Inc.
4.00% due 08/15/293		1,200,000		1,053,746
Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc.
6.63% due 03/01/303		1,100,000		1,052,627
Hanesbrands, Inc.
4.88% due 05/15/263		1,050,000		1,033,697
Allwyn Entertainment Financing UK plc
7.88% due 04/30/293		1,000,000		1,028,130
Life Time, Inc.
6.00% due 11/15/313		1,025,000		1,014,756
Crocs, Inc.
4.25% due 03/15/293		1,094,000		1,011,299
United Airlines, Inc.
4.63% due 04/15/293		650,000		618,011
4.38% due 04/15/263		325,000		319,559
Wabash National Corp.
4.50% due 10/15/283		1,025,000		935,966
Scotts Miracle-Gro Co.
4.38% due 02/01/32		1,050,000		916,757
Ontario Gaming GTA Limited Partnership/OTG Company-Issuer, Inc.
8.00% due 08/01/303		875,000		899,491
Velocity Vehicle Group LLC
8.00% due 06/01/293		850,000		883,915
Air Canada
3.88% due 08/15/263		850,000		825,869
Newell Brands, Inc.
6.38% due 09/15/27		500,000		501,725
5.70% due 04/01/26		280,000		279,881
International Game Technology plc
4.13% due 04/15/263		750,000		737,387
Aramark Services, Inc.
5.00% due 02/01/283		750,000		728,821
Ritchie Bros Holdings, Inc.
7.75% due 03/15/313		450,000		470,583
6.75% due 03/15/283		250,000		255,598

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 81.6% (continued)
Consumer, Cyclical - 15.5% (continued)
Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.
5.00% due 06/01/313		800,000	$	713,177
Amer Sports Co.
6.75% due 02/16/313		675,000		683,861
ONE Hotels GmbH
7.75% due 04/02/313	EUR	575,000		640,612
Station Casinos LLC
4.63% due 12/01/313		700,000		627,054
Park River Holdings, Inc.
5.63% due 02/01/293		675,000		582,433
Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc.
4.63% due 01/15/293		605,000		560,641
Advance Auto Parts, Inc.
5.90% due 03/09/26		550,000		553,814
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.
6.25% due 03/15/333		550,000		540,367
Penn Entertainment, Inc.
4.13% due 07/01/293		579,000		519,193
Vail Resorts, Inc.
6.50% due 05/15/323		500,000		505,609
Asbury Automotive Group, Inc.
5.00% due 02/15/323		550,000		501,718
JB Poindexter & Company, Inc.
8.75% due 12/15/313		475,000		499,998
Hilton Domestic Operating Company, Inc.
5.88% due 03/15/333		500,000		491,985
Evergreen Acqco 1 Limited Partnership / TVI, Inc.
9.75% due 04/26/283		458,000		481,566
AccorInvest Group S.A.
6.38% due 10/15/293	EUR	425,000		463,231
Michaels Companies, Inc.
5.25% due 05/01/283		600,000		453,006
Tempur Sealy International, Inc.
3.88% due 10/15/313		425,000		370,785
Superior Plus, LP
4.25% due 05/18/283	CAD	550,000		362,337
Sabre GLBL, Inc.
7.38% due 09/01/252		320,000		313,600
9.25% due 04/15/252		31,000		30,690
Papa John’s International, Inc.
3.88% due 09/15/293		275,000		246,363
1011778 BC ULC / New Red Finance, Inc.
5.63% due 09/15/293		200,000		197,004
Allison Transmission, Inc.
4.75% due 10/01/273		200,000		193,811
Six Flags Theme Parks, Inc.
7.00% due 07/01/253		117,000		116,891
Total Consumer, Cyclical				29,806,404
Industrial - 12.7%
GrafTech Finance, Inc.
4.63% due 12/23/293		2,500,000		2,013,750
New Enterprise Stone & Lime Company, Inc.
9.75% due 07/15/283		1,225,000		1,252,732
5.25% due 07/15/283		675,000		652,072
Trinity Industries, Inc.
7.75% due 07/15/283		1,725,000		1,790,088
Mauser Packaging Solutions Holding Co.
7.88% due 04/15/273		1,025,000		1,045,715
9.25% due 04/15/273		500,000		505,850
Enviri Corp.
5.75% due 07/31/273		1,575,000		1,498,357
Great Lakes Dredge & Dock Corp.
5.25% due 06/01/293		1,525,000		1,414,533
TransDigm, Inc.
6.88% due 12/15/303		925,000		938,759
6.38% due 03/01/293		250,000		250,555
Brundage-Bone Concrete Pumping Holdings, Inc.
6.00% due 02/01/263		1,076,000		1,075,385
Builders FirstSource, Inc.
6.38% due 06/15/323		750,000		745,645
6.38% due 03/01/343		200,000		197,387
4.25% due 02/01/323		100,000		88,311
Techem Verwaltungsgesellschaft
5.38% due 07/15/29	EUR	875,000		935,527
EMRLD Borrower Limited Partnership / Emerald Company-Issuer, Inc.
6.63% due 12/15/303		825,000		826,100
MIWD Holdco II LLC / MIWD Finance Corp.
5.50% due 02/01/303		800,000		755,660
Clearwater Paper Corp.
4.75% due 08/15/283		750,000		708,285
Artera Services LLC
8.50% due 02/15/313		725,000		698,807
Arcosa, Inc.
4.38% due 04/15/293		700,000		652,245
Sealed Air Corporation/Sealed Air Corp US
7.25% due 02/15/313		350,000		360,780
6.13% due 02/01/283		250,000		250,832
Summit Materials LLC / Summit Materials Finance Corp.
6.50% due 03/15/273		425,000		424,628
7.25% due 01/15/313		175,000		185,690
Amsted Industries, Inc.
4.63% due 05/15/303		375,000		352,731
5.63% due 07/01/273		250,000		247,592
Advanced Drainage Systems, Inc.
6.38% due 06/15/303		575,000		575,051
Standard Industries, Inc.
4.38% due 07/15/303		550,000		503,915

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 81.6% (continued)
Industrial - 12.7% (continued)
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc
6.00% due 06/15/273		500,000	$	496,091
Howmet Aerospace, Inc.
5.95% due 02/01/37		475,000		491,256
Nidda Healthcare Holding
5.63% due 02/21/30	EUR	450,000		481,390
Calderys Financing LLC
11.25% due 06/01/283		425,000		454,917
Hillenbrand, Inc.
6.25% due 02/15/29		425,000		424,724
Standard Building Solutions, Inc.
6.50% due 08/15/323		350,000		350,561
AmeriTex HoldCo Intermediate LLC
10.25% due 10/15/283		300,000		319,792
Clean Harbors, Inc.
6.38% due 02/01/313		225,000		226,525
EnerSys
6.63% due 01/15/323		175,000		175,883
Miter Brands Acquisition Holdco Incorporated / MIWD Borrower LLC
6.75% due 04/01/323		175,000		175,820
Total Industrial				24,543,941
Consumer, Non-cyclical - 12.5%
CPI CG, Inc.
10.00% due 07/15/293		1,650,000		1,762,890
Tenet Healthcare Corp.
6.75% due 05/15/31		675,000		681,913
4.38% due 01/15/30		625,000		580,504
Williams Scotsman, Inc.
7.38% due 10/01/313		725,000		746,000
6.13% due 06/15/253		350,000		348,687
HAH Group Holding Company LLC
9.75% due 10/01/313		1,075,000		1,075,855
Sotheby’s/Bidfair Holdings, Inc.
5.88% due 06/01/293		1,200,000		1,064,148
Carriage Services, Inc.
4.25% due 05/15/293		1,075,000		978,777
TriNet Group, Inc.
7.13% due 08/15/313		950,000		967,365
Upbound Group, Inc.
6.38% due 02/15/293		989,000		961,414
Bausch Health Companies, Inc.
4.88% due 06/01/283		1,200,000		960,000
Post Holdings, Inc.
4.63% due 04/15/303		600,000		553,349
6.25% due 10/15/343		350,000		340,949
Boost Newco Borrower LLC
7.50% due 01/15/313		850,000		891,106
Medline Borrower, LP
5.25% due 10/01/293		850,000		820,304
BCP V Modular Services Finance II plc
4.75% due 10/30/283	EUR	736,000		747,439
AMN Healthcare, Inc.
4.63% due 10/01/273		775,000		736,302
Cheplapharm Arzneimittel GmbH
5.50% due 01/15/283		778,000		704,707
Performance Food Group, Inc.
6.13% due 09/15/323		700,000		699,968
Service Corporation International
5.75% due 10/15/32		425,000		412,243
3.38% due 08/15/30		325,000		284,375
Perrigo Finance Unlimited Co.
4.90% due 06/15/30		500,000		468,624
6.13% due 09/30/32		225,000		220,012
Belron UK Finance plc
5.75% due 10/15/293		675,000		668,054
Sammontana Italia S.p.A.
6.97% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 10/15/31◊	EUR	625,000		650,839
Albertsons Companies Incorporated / Safeway Inc / New Albertsons Limited Partnership / Albertsons LLC
5.88% due 02/15/283		475,000		473,040
6.50% due 02/15/283		175,000		177,303
Central Garden & Pet Co.
4.13% due 10/15/30		711,000		638,571
Grifols S.A.
4.75% due 10/15/283		600,000		551,357
US Foods, Inc.
7.25% due 01/15/323		500,000		517,457
Darling Ingredients, Inc.
5.25% due 04/15/273		500,000		492,021
Brink’s Co.
6.75% due 06/15/323		475,000		478,488
Prime Security Services Borrower LLC / Prime Finance, Inc.
5.75% due 04/15/263		450,000		449,748
Graham Holdings Co.
5.75% due 06/01/263		400,000		398,267
IQVIA, Inc.
5.00% due 05/15/273		395,000		387,583
Neogen Food Safety Corp.
8.63% due 07/20/303		300,000		321,764
Block, Inc.
6.50% due 05/15/323		250,000		252,413
Molina Healthcare, Inc.
6.25% due 01/15/333		250,000		247,085
Medline Borrower Limited Partnership/Medline Company-Issuer, Inc.
6.25% due 04/01/293		225,000		227,373
WW International, Inc.
4.50% due 04/15/293		690,000		137,721

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 81.6% (continued)
Consumer, Non-cyclical - 12.5% (continued)
Ingles Markets, Inc.
4.00% due 06/15/313		75,000	$	66,392
Total Consumer, Non-cyclical				24,142,407
Financial - 10.9%
Jones Deslauriers Insurance Management, Inc.
10.50% due 12/15/303		1,300,000		1,405,463
8.50% due 03/15/303		200,000		210,360
Jefferies Finance LLC / JFIN Company-Issuer Corp.
5.00% due 08/15/283		1,000,000		938,037
6.63% due 10/15/313		600,000		599,049
Jane Street Group / JSG Finance, Inc.
6.13% due 11/01/323		800,000		792,553
7.13% due 04/30/313		475,000		488,142
Hunt Companies, Inc.
5.25% due 04/15/293		1,225,000		1,161,115
United Wholesale Mortgage LLC
5.75% due 06/15/273		675,000		666,734
5.50% due 04/15/293		475,000		457,543
Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer
6.50% due 10/01/313		1,100,000		1,089,136
OneMain Finance Corp.
4.00% due 09/15/30		750,000		666,572
3.88% due 09/15/28		375,000		345,578
Focus Financial Partners LLC
6.75% due 09/15/313		1,000,000		996,026
Starwood Property Trust, Inc.
4.38% due 01/15/273		550,000		531,762
7.25% due 04/01/293		425,000		435,967
SLM Corp.
3.13% due 11/02/26		1,000,000		953,926
Ardonagh Finco Ltd.
7.75% due 02/15/313		900,000		926,821
Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.
3.88% due 03/01/313		724,000		630,819
4.00% due 10/15/333		350,000		291,502
Iron Mountain Information Management Services, Inc.
5.00% due 07/15/323		1,000,000		920,371
VFH Parent LLC / Valor Company-Issuer, Inc.
7.50% due 06/15/313		850,000		874,270
Encore Capital Group, Inc.
9.25% due 04/01/293		600,000		639,242
Aretec Group, Inc.
10.00% due 08/15/303		575,000		627,982
UWM Holdings LLC
6.63% due 02/01/303		625,000		621,139
HUB International Ltd.
5.63% due 12/01/293		375,000		363,732
7.38% due 01/31/323		225,000		228,522
Kennedy-Wilson, Inc.
4.75% due 02/01/30		450,000		398,058
4.75% due 03/01/29		150,000		135,494
PennyMac Financial Services, Inc.
7.88% due 12/15/293		325,000		340,503
7.13% due 11/15/303		175,000		177,224
Hightower Holding LLC
9.13% due 01/31/303		475,000		500,296
Ryan Specialty LLC
5.88% due 08/01/323		475,000		469,985
Liberty Mutual Group, Inc.
4.30% due 02/01/613		750,000		462,791
Sherwood Financing plc
8.36% (3 Month EURIBOR + 5.50%, Rate Floor: 0.00%) due 12/15/29◊	EUR	375,000		377,642
USI, Inc.
7.50% due 01/15/323		300,000		310,262
Total Financial				21,034,618
Communications - 10.3%
CCO Holdings LLC / CCO Holdings Capital Corp.
4.50% due 05/01/32		2,250,000		1,935,366
4.25% due 01/15/343		975,000		791,008
6.38% due 09/01/293		425,000		421,367
Vmed O2 UK Financing I plc
4.25% due 01/31/313		1,125,000		960,070
4.75% due 07/15/313		850,000		730,726
7.75% due 04/15/323		350,000		352,754
Altice France S.A.
5.13% due 07/15/293		1,450,000		1,085,851
8.13% due 02/01/273		900,000		729,631
5.50% due 10/15/293		250,000		187,257
CSC Holdings LLC
3.38% due 02/15/313		1,025,000		718,948
4.13% due 12/01/303		975,000		700,404
4.63% due 12/01/303		950,000		496,330
Level 3 Financing, Inc.
3.88% due 10/15/303		1,250,000		997,625
11.00% due 11/15/293		520,747		585,798
McGraw-Hill Education, Inc.
8.00% due 08/01/293		775,000		775,059
5.75% due 08/01/283		625,000		610,227
7.38% due 09/01/313		100,000		102,337
AMC Networks, Inc.
4.25% due 02/15/29		1,750,000		1,373,696
Cogent Communications Group Incorporated / Cogent Communications Finance, Inc.
7.00% due 06/15/273		1,350,000		1,350,435
Sunrise FinCo I B.V.
4.88% due 07/15/313		1,200,000		1,088,472
Sirius XM Radio LLC
4.13% due 07/01/303		800,000		698,198
5.50% due 07/01/293		325,000		311,615
3.88% due 09/01/313		50,000		41,839
LCPR Senior Secured Financing DAC
6.75% due 10/15/273		777,000		703,029
Match Group Holdings II LLC
4.63% due 06/01/283		600,000		571,371

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 81.6% (continued)
Communications - 10.3% (continued)
VZ Secured Financing B.V.
5.00% due 01/15/323		623,000	$	551,017
Outfront Media Capital LLC / Outfront Media Capital Corp.
4.25% due 01/15/293		550,000		511,436
Zayo Group Holdings, Inc.
4.00% due 03/01/273		300,000		276,678
Cogent Communications Group LLC
7.00% due 06/15/273		100,000		100,481
Total Communications				19,759,025
Energy - 8.3%
ITT Holdings LLC
6.50% due 08/01/293		1,875,000		1,716,447
Buckeye Partners, LP
6.88% due 07/01/293		775,000		784,389
3.95% due 12/01/26		550,000		529,354
4.13% due 03/01/253		275,000		274,263
Parkland Corp.
4.63% due 05/01/303		925,000		849,063
4.50% due 10/01/293		750,000		695,616
TransMontaigne Partners Limited Partnership / TLP Finance Corp.
6.13% due 02/15/26		1,500,000		1,491,088
Global Partners Limited Partnership / GLP Finance Corp.
7.00% due 08/01/27		1,200,000		1,204,122
6.88% due 01/15/29		250,000		248,086
CVR Energy, Inc.
5.75% due 02/15/283		1,179,000		1,086,416
8.50% due 01/15/293		350,000		335,716
Viper Energy, Inc.
7.38% due 11/01/313		1,015,000		1,062,645
Venture Global LNG, Inc.
9.50% due 02/01/293		525,000		580,265
7.00% due 01/15/303		400,000		405,992
EnLink Midstream LLC
5.38% due 06/01/29		925,000		924,969
Sunoco Limited Partnership / Sunoco Finance Corp.
6.00% due 04/15/27		800,000		798,414
CQP Holdco Limited Partnership / BIP-V Chinook Holdco LLC
7.50% due 12/15/333		600,000		630,801
NuStar Logistics, LP
5.63% due 04/28/27		610,000		605,561
Sunoco, LP
7.25% due 05/01/323		500,000		516,490
Venture Global Calcasieu Pass LLC
6.25% due 01/15/303		500,000		504,666
Expand Energy Corp.
5.38% due 02/01/29		425,000		418,646
Kinetik Holdings, LP
5.88% due 06/15/303		350,000		344,506
Total Energy				16,007,515
Basic Materials - 6.4%
Carpenter Technology Corp.
6.38% due 07/15/28		825,000		825,125
7.63% due 03/15/30		650,000		665,681
INEOS Finance plc
6.75% due 05/15/283		1,100,000		1,110,904
Ingevity Corp.
3.88% due 11/01/283		1,150,000		1,051,392
Minerals Technologies, Inc.
5.00% due 07/01/283		1,022,000		983,675
WR Grace Holdings LLC
4.88% due 06/15/273		1,000,000		969,057
Novelis Corp.
4.75% due 01/30/303		1,025,000		946,102
SCIL IV LLC / SCIL USA Holdings LLC
5.38% due 11/01/263		950,000		930,437
Illuminate Buyer LLC / Illuminate Holdings IV, Inc.
9.00% due 07/01/283		900,000		911,287
Compass Minerals International, Inc.
6.75% due 12/01/273		875,000		861,786
SK Invictus Intermediate II SARL
5.00% due 10/30/293		800,000		745,321
Alcoa Nederland Holding B.V.
6.13% due 05/15/283		450,000		449,605
7.13% due 03/15/313		275,000		284,181
Arsenal AIC Parent LLC
8.00% due 10/01/303		675,000		698,488
Kaiser Aluminum Corp.
4.50% due 06/01/313		725,000		639,088
Axalta Coating Systems Dutch Holding B B.V.
7.25% due 02/15/313		250,000		258,709
Mirabela Nickel Ltd.
due 06/24/19†††,2,5		278,115		1,390
Total Basic Materials				12,332,228
Technology - 3.8%
Dye & Durham Ltd.
8.63% due 04/15/293		1,200,000		1,258,516
ACI Worldwide, Inc.
5.75% due 08/15/263		1,000,000		998,197
Capstone Borrower, Inc.
8.00% due 06/15/303		950,000		983,355
Dun & Bradstreet Corp.
5.00% due 12/15/293		925,000		880,867
Cloud Software Group, Inc.
6.50% due 03/31/293		800,000		785,234
TeamSystem S.p.A.
6.68% due 07/31/31	EUR	700,000		728,940
SS&C Technologies, Inc.
5.50% due 09/30/273		600,000		594,247
Playtika Holding Corp.
4.25% due 03/15/293		500,000		453,251

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 81.6% (continued)
Technology - 3.8% (continued)
NCR Voyix Corp.
5.13% due 04/15/293		292,000	$	279,371
Central Parent LLC / CDK Global II LLC / CDK Financing Company, Inc.
8.00% due 06/15/293		200,000		202,883
Amentum Holdings, Inc.
7.25% due 08/01/323		200,000		201,513
Total Technology				7,366,374
Utilities - 1.0%
Terraform Global Operating, LP
6.13% due 03/01/263		1,955,000		1,949,918
Consumer Cyclical - 0.2%
AccorInvest Group S.A.
5.50% due 11/15/31	EUR	250,000		264,125
Total Corporate Bonds
(Cost $162,777,418)				157,206,555
SENIOR FLOATING RATE INTERESTS††,◊ - 14.5%
Consumer, Cyclical - 3.1%
Crash Champions Inc.
9.27% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 02/23/29		1,048,620		990,621
Alexander Mann
10.67% (3 Month SOFR + 6.00%, Rate Floor: 6.00%) due 06/29/27		946,862		914,906
CCRR Parent, Inc.
9.03% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/06/28		1,517,980		877,893
AmSpec Parent LLC
due 12/11/31		616,872		619,956
ScribeAmerica Intermediate Holdco LLC (Healthchannels)
9.67% (6 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/03/25		730,648		496,322
American Tire Distributors, Inc.
11.86% (3 Month Term SOFR + 6.51%, Rate Floor: 7.26%) due 10/20/28†††		902,367		406,065
13.84% (1 Month Term SOFR + 1.50%, Rate Floor: 5.84%) (in-kind rate was 8.00%) due 02/24/25†††,6		288,479		291,364
11.43% (3 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 10/22/26†††		72,089		67,042
10.82% (1 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 10/22/26†††		36,044		33,521
First Brands Group LLC
9.85% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27		273,342		255,406
Accuride Corp.
11.93% (1 Month Term SOFR + 1.00%, Rate Floor: 6.06%) (in-kind rate was 5.87%) due 05/18/266		505,081		240,545
Galaxy US Opco, Inc.
9.34% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 04/29/29		248,728		220,124
Holding Socotec SAS
due 06/02/28		200,000		200,500
Accuride Corp.
14.85% (1 Month Term SOFR + 10.00%, Rate Floor: 12.00%) due 01/23/25†††		170,823		162,689
14.61% (1 Month Term SOFR + 10.00%, Rate Floor: 12.00%) due 01/23/25†††		8,270		7,857
WW International, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 04/13/28		491,625		106,191
TransNetwork LLC
9.08% (3 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 12/30/30†††		49,874		50,123
Total Consumer, Cyclical				5,941,125
Consumer, Non-cyclical - 3.0%
Gibson Brands, Inc.
10.58% (6 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/11/28		843,900		834,052
Blue Ribbon LLC
10.85% (3 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 05/08/28		967,366		648,135
Women’s Care Holdings, Inc.
9.19% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 01/15/28		646,600		614,271
PlayCore
9.09% (3 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 02/20/30		595,749		600,777
Lyons Magnus
11.34% (3 Month Term SOFR + 6.75%, Rate Floor: 6.75%) due 05/10/27		601,471		582,927
Outcomes Group Holdings, Inc.
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 05/06/31		497,503		502,229
Midwest Physician Administrative Services
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 03/12/28		496,903		468,893

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 14.5% (continued)
Consumer, Non-cyclical - 3.0% (continued)
IVI America LLC
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/09/31		422,875	$	425,518
TGP Holdings LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 06/29/28		360,214		350,268
Balrog Acquisition, Inc.
9.28% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 09/05/28†††		344,750		345,612
Moran Foods LLC
11.68% (3 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 06/30/26†††		788,694		194,524
Florida Food Products LLC
9.59% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 10/18/28		218,813		184,350
Total Consumer, Non-cyclical				5,751,556
Industrial - 2.9%
Dispatch Terra Acquisition LLC
8.73% (3 Month Term SOFR + 4.40%, Rate Floor: 5.15%) due 03/27/28		1,158,605		1,101,636
Aegion Corp.
8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 05/17/28		677,828		681,895
Pelican Products, Inc.
8.84% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 12/29/28		639,363		572,870
Michael Baker International LLC
9.11% (1 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 12/01/28		502,600		504,173
Engineering Research And Consulting LLC
9.51% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/29/31†††		475,000		470,250
Cognita Ltd.
8.82% (1 Month SOFR + 4.00%, Rate Floor: 4.50%) due 10/27/31†††		450,000		454,500
FCG Acquisitions, Inc.
8.22% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 03/31/28		417,222		419,517
STS Operating, Inc.
8.46% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 03/25/31		397,000		397,794
Arcline FM Holdings, LLC
9.31% ((3 Month Term SOFR + 4.50%) and (6 Month Term SOFR + 4.50%), Rate Floor: 5.25%) due 06/23/28		272,227		273,550
Protective Industrial Products, Inc.
8.47% (1 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 12/29/27		249,354		249,042
Osmose Utility Services, Inc.
7.72% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 06/23/28		198,972		199,097
MI Windows And Doors LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/28/31		174,125		175,624
Total Industrial				5,499,948
Technology - 2.4%
Pushpay USA, Inc.
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 08/15/31†††		625,000		628,125
Blackhawk Network Holdings, Inc.
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/12/29		497,500		503,007
Modena Buyer LLC
8.86% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/01/31		500,000		482,855
DS Admiral Bidco LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 06/26/31		498,750		482,541
Boxer Parent Co., Inc.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/30/31		475,000		478,510
Xerox Corp.
8.34% ((1 Month Term SOFR + 4.00%) and (3 Month Term SOFR + 4.00%), Rate Floor: 4.50%) due 11/17/29		438,462		437,273
Atlas CC Acquisition Corp.
9.03% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 05/25/28		554,875		370,657
Cloud Software Group, Inc.
7.83% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 03/29/29		366,345		367,136
Dye & Durham Corp.
8.43% (3 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 04/11/31		334,125		337,326

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 14.5% (continued)
Technology - 2.4% (continued)
Central Parent LLC
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/06/29		274,313	$	270,234
Leia Finco US LLC
7.89% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/09/31		200,000		199,656
Total Technology				4,557,320
Financial - 1.7%
Galaxy Bidco Ltd.
due 12/05/29	EUR	600,000		621,697
Cobham Ultra SeniorCo SARL
9.24% (6 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 08/03/29		591,556		588,811
Franchise Group, Inc.
10.39% (3 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 03/10/26		972,517		556,766
Asurion LLC
8.71% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 08/19/28		426,742		426,743
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30		124,688		124,242
Avison Young (Canada), Inc.
12.65% (3 Month Term SOFR + 8.00%, Rate Floor: 10.00%) due 03/12/29		217,257		168,917
10.70% (1 Month Term SOFR + 6.25%, Rate Floor: 8.25%) due 03/12/28		83,330		83,539
12.56% (1 Month Term SOFR + 1.50%, Rate Floor: 6.06%) (in-kind rate was 6.50%) due 03/12/296		38,538		21,196
Ardonagh Midco 3 plc
8.51% ((3 Month Term SOFR + 3.75%) and (6 Month Term SOFR + 3.75%), Rate Floor: 3.75%) due 02/15/31		250,000		251,250
Franchise Group, Inc.
13.60% (1 Month Term SOFR + 9.00%, Rate Floor: 10.00%) due 04/30/25†††		245,542		245,542
Saphilux SARL
7.93% ((3 Month Term SOFR + 3.50%) and (6 Month Term SOFR + 3.50%), Rate Floor: 4.00%) due 07/18/28		152,500		153,453
Aretec Group, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 08/09/30		119,400		119,873
Total Financial				3,362,029
Basic Materials - 1.2%
GrafTech Finance, Inc.
due 11/04/29		790,136		790,136
Discovery Purchaser Corp.
8.95% (3 Month Term SOFR + 4.36%, Rate Floor: 4.86%) due 10/04/29		772,813		776,291
NIC Acquisition Corp.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 12/29/27		653,766		583,211
TPC Group, Inc.
10.11% (3 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 11/22/31		200,000		198,750
Total Basic Materials				2,348,388
Energy - 0.2%
BANGL LLC
9.09% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 02/01/29		372,179		374,390
Permian Production Partners LLC
12.47% (1 Month Term SOFR + 6.00%, Rate Floor: 10.47%) (in-kind rate was 2.00%) due 11/24/256		69,988		69,288
Total Energy				443,678
Total Senior Floating Rate Interests
(Cost $31,003,414)				27,904,044
ASSET-BACKED SECURITIES†† - 0.2%
Infrastructure - 0.2%
Hotwire Funding LLC
2021-1, 4.46% due 11/20/513		400,000		383,271
Total Asset-Backed Securities
(Cost $400,000)				383,271
Total Investments - 100.1%
(Cost $201,906,093)			$	192,927,083
Other Assets & Liabilities, net - (0.1)%				(177,022	)
Total Net Assets - 100.0%			$	192,750,061

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Forward Foreign Currency Exchange Contracts^††

Counterparty	Currency	Type	Quantity		Contract Amount	Settlement Date	Unrealized Appreciation (Depreciation)
Barclays Bank plc	EUR	Sell		5,780,000	6,069,075 USD	01/17/25	$	76,549
Barclays Bank plc	CAD	Sell		523,000	368,555 USD	01/17/25		4,476
Barclays Bank plc	EUR	Buy		610,000	634,631 USD	01/17/25		(2,202	)
							$	78,823

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
***	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $345,896 (cost $617,038), or 0.2% of total net assets — See Note 6.
3	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $134,328,181 (cost $138,772,620), or 69.7% of total net assets.
4	Rate indicated is the 7-day yield as of December 31, 2024.
5	Security is in default of interest and/or principal obligations.
6	Payment-in-kind security.

CAD — Canadian Dollar

EUR — Euro

EURIBOR — European Interbank Offered Rate

plc — Public Limited Company

SARL —  Société à Responsabilité Limitée

SOFR — Secured Overnight Financing Rate

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices			Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	557,203		$	33	$	63,491	$	620,727
Preferred Stocks		541,800			1,856,116		2		2,397,918
Warrant		—	*		—		—		—
Money Market Fund		4,414,568			—		—		4,414,568
Corporate Bonds		—			157,205,165		1,390		157,206,555
Senior Floating Rate Interests		—			24,546,830		3,357,214		27,904,044
Asset-Backed Securities		—			383,271		—		383,271
Forward Foreign Currency Exchange Contracts**		—			81,025		—		81,025
Total Assets	$	5,513,571		$	184,072,440	$	3,422,097	$	193,008,108

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Forward Foreign Currency Exchange Contracts**	$	—	$	2,202	$	—	$	2,202
Unfunded Loan Commitments (Note 5)		—		—		26,202		26,202
Total Liabilities	$	—	$	2,202	$	26,202	$	28,404

* Security has a market value of $0.

** This derivative is reported as unrealized appreciation/depreciation at period end.

High Yield Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2024		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Common Stocks	$	43,052	Enterprise Value	Valuation Multiple	2.6x-8.8x	3.1x
Common Stocks		20,439	Model Price	Liquidation Value	—	—
Corporate Bonds		1,390	Third Party Pricing	Trade Price	—	—
Preferred Stocks		2	Model Price	Liquidation Value	—	—
Senior Floating Rate Interests		2,899,438	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		263,252	Third Party Pricing	Trade Price	—	—
Senior Floating Rate Interests		194,524	Model Price	Liquidation Value	—	—
Total Assets	$	3,422,097
Liabilities:
Unfunded Loan Commitments	$	26,202	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2024, the Fund had securities with a total value of $533,904 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $1,029,288 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Summary of Fair Value Level 3 Activity 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2024:

	Assets														Liabilities
	Corporate Bonds			Senior Floating Rate Interests			Common Stocks			Preferred Stocks		Total Assets			Unfunded Loan Commitments
Beginning Balance	$	937,391		$	2,151,745		$	77,602		$	2	$	3,166,740		$	(6,186	)
Purchases/(Receipts)		-			1,043,645			-			-		1,043,645			(40,857	)
(Sales, maturities and paydowns)/Fundings		-			(1,876	)		(757	)		-		(2,633	)		29,524
Amortization of premiums/discounts		(342	)		36,157			-			-		35,815			25,337
Total realized gains (losses) included in earnings		-			-			(4,377	)		-		(4,377	)		(10,610	)
Total change in unrealized appreciation (depreciation) included in earnings		24,341			(337,073	)		(8,977	)		-		(321,709	)		(23,410	)
Transfers into Level 3		-			533,904			-			-		533,904			-
Transfers out of Level 3		(960,000	)		(69,288	)		-			-		(1,029,288	)		-
Ending Balance	$	1,390		$	3,357,214		$	63,491		$	2	$	3,422,097		$	(26,202	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2024	$	-		$	(684,377	)	$	(10,881	)	$	-	$	(695,258	)	$	(24,671	)

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated person, as defined in the Investment Company Act of 1940 ("affiliated issuer").

Transactions during the period ended December 31, 2024, in which the company is an affiliated issuer, were as follows:

Security Name

Value 09/30/24

Additions

Reductions

Realized Gain (Loss)

Change in Unrealized Appreciation (Depreciation)

Value 12/31/24

Shares 12/31/24

Common Stocks

BP Holdco LLC*

$

28,741

$

–

$

–

$

–

$

–

$

28,741

23,711

* Non-income producing security.

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
COMMON STOCK† - 0.0%
Communications - 0.0%
Vacasa, Inc. — Class A*		4,070	$	19,943
Total Common Stock
(Cost $813,037)				19,943
PREFERRED STOCKS† - 0.4%
Financial - 0.4%
Wells Fargo & Co.††
3.90%		12,100,000		11,756,606
MetLife, Inc.††
3.85%		4,620,000		4,535,778
Markel Group, Inc.††
6.00%		4,085,000		4,077,353
American National Group, Inc.
8.37%		8,000		201,600
Total Financial				20,571,337
Total Preferred Stocks
(Cost $20,988,816)				20,571,337
WARRANT† - 0.0%
Ginkgo Bioworks Holdings, Inc.
Expiring 09/16/26*		19,663		177
Total Warrant
(Cost $45,531)				177
EXCHANGE-TRADED FUND***,† - 0.5%
iShares Core S&P 500 ETF		38,470		22,646,520
Total Exchange-Traded Fund
(Cost $22,937,353)				22,646,520
MUTUAL FUNDS† - 2.2%
Guggenheim Strategy Fund III1		1,378,136		34,370,702
Guggenheim Strategy Fund II1		1,351,430		33,583,044
Guggenheim Ultra Short Duration Fund — Institutional Class1		3,339,716		33,430,562
Total Mutual Funds
(Cost $99,883,953)				101,384,308
MONEY MARKET FUNDS***,† - 0.9%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.33%2		41,769,674		41,769,674
Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 4.30%2		304,753		304,753
Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.34%2		298,108		298,108
Total Money Market Funds
(Cost $42,372,535)				42,372,535
		Face Amount~
CORPORATE BONDS†† - 31.7%
Financial - 17.8%
Athene Global Funding
5.43% (SOFR Compounded Index + 0.72%) due 01/07/25◊,3		30,000,000		30,001,419
1.99% due 08/19/283		15,850,000		14,165,990
1.73% due 10/02/263		14,700,000		13,922,796
5.68% due 02/23/263		4,750,000		4,788,710
Goldman Sachs Group, Inc.
3.50% due 04/01/25		42,900,000		42,746,966
Societe Generale S.A.
1.79% due 06/09/273,4		28,000,000		26,646,769
1.49% due 12/14/263,4		10,500,000		10,133,126
Bank of America Corp.
3.95% due 04/21/25		36,390,000		36,290,050
AEGON Funding Company LLC
5.50% due 04/16/273		35,000,000		35,304,581
Brighthouse Financial Global Funding
5.55% due 04/09/273		34,500,000		34,797,427
Corebridge Financial, Inc.
3.50% due 04/04/25		26,460,000		26,365,355
Equitable Financial Life Global Funding
1.40% due 07/07/253		15,000,000		14,753,704
1.80% due 03/08/283		12,000,000		10,845,611
UBS AG/Stamford CT
2.95% due 04/09/25		24,565,000		24,443,360
Cooperatieve Rabobank UA
1.34% due 06/24/263,4		15,000,000		14,743,417
1.98% due 12/15/273,4		10,000,000		9,470,173
CNO Global Funding
5.88% due 06/04/273		13,100,000		13,339,531
4.88% due 12/10/273		8,650,000		8,610,673
JPMorgan Chase & Co.
1.47% due 09/22/274		15,000,000		14,189,402
5.04% due 01/23/284		7,600,000		7,628,158
Jackson National Life Global Funding
1.75% due 01/12/253		15,000,000		14,987,515
5.60% due 04/10/263		6,750,000		6,801,139
GA Global Funding Trust
4.40% due 09/23/273		14,650,000		14,441,094
1.63% due 01/15/263		7,300,000		7,049,103
Pershing Square Holdings Ltd.
3.25% due 10/01/313		25,600,000		21,064,308
LPL Holdings, Inc.
5.70% due 05/20/27		14,700,000		14,877,173
4.00% due 03/15/293		4,450,000		4,214,356
4.63% due 11/15/273		2,000,000		1,966,976
BNP Paribas S.A.
1.32% due 01/13/273,4		21,350,000		20,552,315
2.22% due 06/09/263,4		400,000		394,829
Reliance Standard Life Global Funding II
5.24% due 02/02/263		20,850,000		20,861,602
Credit Agricole S.A.
1.25% due 01/26/273,4		17,950,000		17,237,446
1.91% due 06/16/263,4		400,000		394,155

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 31.7% (continued)
Financial - 17.8% (continued)
Corebridge Global Funding
4.65% due 08/20/273		9,500,000	$	9,465,175
5.75% due 07/02/263		7,250,000		7,352,623
Macquarie Group Ltd.
1.63% due 09/23/273,4		16,750,000		15,829,742
FS KKR Capital Corp.
4.25% due 02/14/253		7,600,000		7,586,528
2.63% due 01/15/27		7,400,000		7,004,124
Alexandria Real Estate Equities, Inc.
3.45% due 04/30/25		14,200,000		14,129,975
Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.
2.88% due 10/15/263		10,800,000		10,247,199
3.88% due 03/01/313		4,100,000		3,572,317
F&G Global Funding
1.75% due 06/30/263		14,250,000		13,560,346
CoStar Group, Inc.
2.80% due 07/15/303		15,280,000		13,343,027
ABN AMRO Bank N.V.
1.54% due 06/16/273,4		14,000,000		13,326,895
American National Group, Inc.
5.00% due 06/15/27		13,075,000		13,005,066
SLM Corp.
3.13% due 11/02/26		12,096,000		11,538,686
Nationwide Building Society
2.97% due 02/16/283,4		11,300,000		10,811,209
Standard Chartered plc
5.69% due 05/14/283,4		10,600,000		10,735,674
Iron Mountain, Inc.
4.88% due 09/15/273		7,360,000		7,176,211
5.00% due 07/15/283		3,085,000		2,982,018
CBS Studio Center
7.45% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 02/09/25◊,†††		10,000,000		9,982,304
ING Groep N.V.
1.73% due 04/01/274		9,800,000		9,419,742
BPCE S.A.
1.65% due 10/06/263,4		9,500,000		9,250,250
United Wholesale Mortgage LLC
5.50% due 11/15/253		7,120,000		7,084,930
5.50% due 04/15/293		275,000		264,893
First American Financial Corp.
4.00% due 05/15/30		7,860,000		7,326,626
Macquarie Bank Ltd.
5.27% due 07/02/273		7,100,000		7,209,513
Apollo Management Holdings, LP
4.40% due 05/27/263		7,115,000		7,058,172
OneMain Finance Corp.
3.50% due 01/15/27		7,050,000		6,724,848
7.13% due 03/15/26		50,000		50,898
SBA Communications Corp.
3.13% due 02/01/29		6,500,000		5,867,130
RenaissanceRe Finance, Inc.
3.70% due 04/01/25		5,662,000		5,640,505
PennyMac Financial Services, Inc.
5.38% due 10/15/253		5,150,000		5,136,179
National Bank of Canada
5.60% due 07/02/274		4,650,000		4,701,993
QTS Good News Facility
7.80% (3 Month Term SOFR + 3.00%, Rate Floor: 0.00%) due 10/09/28◊		4,471,454		4,471,454
Horace Mann Educators Corp.
4.50% due 12/01/25		4,420,000		4,390,492
Deloitte LLP
3.46% due 05/07/27†††		4,500,000		4,319,567
Jefferies Finance LLC / JFIN Company-Issuer Corp.
5.00% due 08/15/283		4,300,000		4,033,561
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/253		3,613,000		3,612,768
Peachtree Corners Funding Trust
3.98% due 02/15/253		3,450,000		3,442,668
Hunt Companies, Inc.
5.25% due 04/15/293		3,250,000		3,080,509
AMC East Communities LLC
5.74% due 01/15/283		1,484,927		1,489,307
Brookfield Finance, Inc.
3.90% due 01/25/28		1,400,000		1,361,987
CNO Financial Group, Inc.
5.25% due 05/30/25		1,200,000		1,200,097
Trinity Acquisition plc
4.40% due 03/15/26		881,000		874,807
Old Republic International Corp.
3.88% due 08/26/26		700,000		688,298
Equinix, Inc.
1.55% due 03/15/28		700,000		630,511
Assurant, Inc.
4.90% due 03/27/28		350,000		349,049
Morgan Stanley
3.77% due 01/24/294		361,000		348,135
Belvoir Land LLC
5.03% due 12/15/253		297,303		296,622
Total Financial				830,003,859
Consumer, Non-cyclical - 2.9%
Global Payments, Inc.
2.90% due 05/15/30		28,801,000		25,641,229
3.20% due 08/15/29		2,199,000		2,014,233
Humana, Inc.
4.50% due 04/01/25		16,650,000		16,626,119
GXO Logistics, Inc.
6.25% due 05/06/29		15,000,000		15,359,893

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 31.7% (continued)
Consumer, Non-cyclical - 2.9% (continued)
Element Fleet Management Corp.
5.64% due 03/13/273		9,925,000	$	10,068,123
6.27% due 06/26/263		4,400,000		4,474,860
Laboratory Corporation of America Holdings
1.55% due 06/01/26		10,571,000		10,100,983
PRA Health Sciences, Inc.
2.88% due 07/15/263		10,280,000		9,899,648
Block, Inc.
2.75% due 06/01/26		7,600,000		7,323,351
Danone S.A.
2.95% due 11/02/263		6,952,000		6,732,272
Valvoline, Inc.
3.63% due 06/15/313		7,434,000		6,337,327
Royalty Pharma plc
1.75% due 09/02/27		5,150,000		4,743,911
BAT Capital Corp.
4.70% due 04/02/27		4,220,000		4,202,334
3.56% due 08/15/27		527,000		509,925
JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL
5.13% due 02/01/28		4,306,000		4,275,841
IQVIA, Inc.
5.00% due 05/15/273		2,300,000		2,256,811
HAH Group Holding Company LLC
9.75% due 10/01/313		1,780,000		1,781,416
Triton Container International Ltd.
2.05% due 04/15/263		1,800,000		1,724,829
Molina Healthcare, Inc.
4.38% due 06/15/283		1,115,000		1,056,690
Avantor Funding, Inc.
4.63% due 07/15/283		1,050,000		1,002,229
Smithfield Foods, Inc.
4.25% due 02/01/273		350,000		342,274
Performance Food Group, Inc.
5.50% due 10/15/273		100,000		99,155
Total Consumer, Non-cyclical				136,573,453
Industrial - 2.4%
Berry Global, Inc.
1.57% due 01/15/26		11,750,000		11,339,217
4.88% due 07/15/263		5,165,000		5,144,324
5.80% due 06/15/313		2,500,000		2,544,623
Sealed Air Corp.
1.57% due 10/15/263		16,450,000		15,473,271
Amcor Flexibles North America, Inc.
4.00% due 05/17/25		13,690,000		13,639,180
Silgan Holdings, Inc.
1.40% due 04/01/263		12,600,000		12,001,758
Vontier Corp.
1.80% due 04/01/26		7,050,000		6,760,804
2.40% due 04/01/28		3,900,000		3,519,477
3M Co.
2.65% due 04/15/25		8,263,000		8,207,798
Graphic Packaging International LLC
1.51% due 04/15/263		6,500,000		6,193,013
Penske Truck Leasing Company LP / PTL Finance Corp.
4.45% due 01/29/263		5,475,000		5,445,047
4.20% due 04/01/273		500,000		491,692
Weir Group plc
2.20% due 05/13/263		5,410,000		5,201,813
Penske Truck Leasing Company LP / PTL Finance Corp.
5.25% due 07/01/293		4,750,000		4,767,107
Jabil, Inc.
1.70% due 04/15/26		3,800,000		3,647,586
GATX Corp.
3.85% due 03/30/27		2,900,000		2,833,439
3.50% due 03/15/28		200,000		190,941
Standard Industries, Inc.
4.75% due 01/15/283		2,671,000		2,556,150
Crown Americas LLC / Crown Americas Capital Corporation VI
4.75% due 02/01/26		1,038,000		1,026,655
Brundage-Bone Concrete Pumping Holdings, Inc.
6.00% due 02/01/263		800,000		799,543
Amsted Industries, Inc.
5.63% due 07/01/273		425,000		420,906
4.63% due 05/15/303		350,000		329,216
Summit Materials LLC / Summit Materials Finance Corp.
5.25% due 01/15/293		275,000		276,928
6.50% due 03/15/273		75,000		74,934
Enviri Corp.
5.75% due 07/31/273		125,000		118,917
Total Industrial				113,004,339
Consumer, Cyclical - 2.4%
VF Corp.
2.40% due 04/23/25		23,000,000		22,749,252
LG Electronics, Inc.
5.63% due 04/24/273		11,000,000		11,125,808
LG Energy Solution Ltd.
5.38% due 07/02/273		9,650,000		9,677,952
Warnermedia Holdings, Inc.
6.41% due 03/15/26		8,050,000		8,053,209
United Airlines, Inc.
4.38% due 04/15/263		8,125,000		7,988,978
Alt-2 Structured Trust
2.95% due 05/14/31◊,†††		8,536,104		7,702,307
Choice Hotels International, Inc.
3.70% due 01/15/31		7,350,000		6,612,301
AS Mileage Plan IP Ltd.
5.02% due 10/20/293		6,720,000		6,545,766

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 31.7% (continued)
Consumer, Cyclical - 2.4% (continued)
Air Canada
3.88% due 08/15/263		4,550,000	$	4,420,826
Hyatt Hotels Corp.
5.75% due 04/23/30		4,320,000		4,411,041
Delta Air Lines, Inc.
7.00% due 05/01/253		4,300,000		4,318,179
American Airlines Class AA Pass Through Trust
3.35% due 10/15/29		2,268,719		2,125,230
3.00% due 10/15/28		1,401,791		1,307,484
Delta Air Lines, Inc. / SkyMiles IP Ltd.
4.50% due 10/20/253		3,334,000		3,313,053
Newell Brands, Inc.
6.38% due 09/15/27		1,548,000		1,553,339
5.70% due 04/01/26		966,000		965,588
Beacon Roofing Supply, Inc.
4.50% due 11/15/263		2,404,000		2,361,803
Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.
5.88% due 03/01/27		2,300,000		2,281,885
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/273		1,675,000		1,685,557
Walgreens Boots Alliance, Inc.
3.45% due 06/01/26		1,650,000		1,597,104
Advance Auto Parts, Inc.
5.90% due 03/09/26		514,000		517,565
Tempur Sealy International, Inc.
4.00% due 04/15/293		375,000		345,542
Hilton Domestic Operating Company, Inc.
5.38% due 05/01/253		300,000		298,555
Total Consumer, Cyclical				111,958,324
Technology - 1.9%
CDW LLC / CDW Finance Corp.
2.67% due 12/01/26		22,350,000		21,435,130
3.25% due 02/15/29		810,000		746,182
Oracle Corp.
2.50% due 04/01/25		22,221,000		22,093,007
NetApp, Inc.
1.88% due 06/22/25		18,082,000		17,805,639
Infor, Inc.
1.75% due 07/15/253		13,800,000		13,543,451
Microchip Technology, Inc.
5.05% due 02/15/30		11,000,000		10,923,715
Qorvo, Inc.
3.38% due 04/01/313		1,200,000		1,026,302
4.38% due 10/15/29		963,000		903,133
Twilio, Inc.
3.63% due 03/15/29		994,000		914,137
NCR Voyix Corp.
5.13% due 04/15/293		636,000		608,493
MSCI, Inc.
3.88% due 02/15/313		379,000		346,992
Total Technology				90,346,181
Communications - 1.6%
Fox Corp.
3.05% due 04/07/25		45,864,000		45,643,978
Level 3 Financing, Inc.
3.88% due 10/15/303		5,070,000		4,046,367
4.50% due 04/01/303		2,277,000		1,887,982
11.00% due 11/15/293		1,570,009		1,766,134
4.00% due 04/15/313		2,150,000		1,693,125
NTT Finance Corp.
1.16% due 04/03/263		7,598,000		7,275,458
Match Group Holdings II LLC
4.63% due 06/01/283		4,775,000		4,547,158
Charter Communications Operating LLC / Charter Communications Operating Capital
2.80% due 04/01/31		3,250,000		2,740,726
Cogent Communications Group LLC
3.50% due 05/01/263		2,680,000		2,594,877
CSC Holdings LLC
4.13% due 12/01/303		250,000		179,591
AMC Networks, Inc.
4.25% due 02/15/29		225,000		176,618
Sirius XM Radio LLC
3.88% due 09/01/313		75,000		62,758
Total Communications				72,614,772
Energy - 1.0%
NuStar Logistics, LP
5.75% due 10/01/25		11,504,000		11,502,005
Occidental Petroleum Corp.
5.00% due 08/01/27		6,100,000		6,102,897
5.50% due 12/01/25		5,000,000		5,013,942
HF Sinclair Corp.
6.38% due 04/15/27		8,593,000		8,719,547
BP Capital Markets plc
4.88% 4,5		7,500,000		7,146,610
Venture Global LNG, Inc.
9.50% due 02/01/293		4,600,000		5,084,223
Buckeye Partners, LP
4.13% due 03/01/253		1,600,000		1,595,714
Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp.
6.88% due 01/15/29		1,003,000		1,026,513
Gulfstream Natural Gas System LLC
4.60% due 09/15/253		400,000		398,398
Sabine Pass Liquefaction LLC
5.00% due 03/15/27		300,000		300,623

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 31.7% (continued)
Energy - 1.0% (continued)
Parkland Corp.
5.88% due 07/15/273		80,000	$	79,238
Total Energy				46,969,710
Utilities - 0.9%
Avangrid, Inc.
3.20% due 04/15/25		19,179,000		19,081,807
Terraform Global Operating, LP
6.13% due 03/01/263		9,020,000		8,996,553
Algonquin Power & Utilities Corp.
5.37% due 06/15/26		8,200,000		8,239,582
AES Corp.
3.30% due 07/15/253		4,250,000		4,209,137
Total Utilities				40,527,079
Basic Materials - 0.7%
Anglo American Capital plc
2.25% due 03/17/283		14,000,000		12,804,910
4.00% due 09/11/273		750,000		729,538
5.38% due 04/01/253		600,000		600,440
Kaiser Aluminum Corp.
4.63% due 03/01/283		9,643,000		9,066,631
International Flavors & Fragrances, Inc.
1.23% due 10/01/253		4,130,000		4,014,754
Alcoa Nederland Holding B.V.
5.50% due 12/15/273		3,675,000		3,688,119
Carpenter Technology Corp.
6.38% due 07/15/28		1,145,000		1,145,174
Minerals Technologies, Inc.
5.00% due 07/01/283		140,000		134,750
Total Basic Materials				32,184,316
Transporation - 0.1%
Stolthaven Houston, Inc.
5.88% due 07/17/31†††		4,800,000		4,744,509
Total Corporate Bonds
(Cost $1,515,338,538)				1,478,926,542
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 30.0%
Government Agency - 17.2%
Uniform MBS 15 Year
due 02/01/256		424,950,000		415,552,231
due 02/01/256		113,550,000		112,954,998
Uniform MBS 30 Year
due 02/01/256		50,872,498		49,080,565
due 03/01/256		50,872,497		49,056,705
due 02/01/256		46,170,000		45,546,243
Freddie Mac
5.50% due 02/01/53		35,322,521		35,044,357
6.00% due 08/01/54		21,272,465		21,560,115
5.00% due 06/01/53		18,767,551		18,194,087
5.00% due 02/01/53		16,329,869		15,832,182
Fannie Mae
5.00% due 08/01/53		7,359,506		7,120,584
6.50% due 04/25/49		6,834,986		6,939,395
5.00% due 06/01/53		2,532,001		2,448,416
Ginnie Mae
6.00% due 09/20/45		12,134,111		12,171,938
6.00% due 06/20/47		1,774,747		1,780,411
Freddie Mac Seasoned Credit Risk Transfer Trust
2.00% due 05/25/60		2,975,304		2,332,505
2.00% due 11/25/59		1,676,813		1,307,170
Fannie Mae-Aces
1.49% (WAC) due 03/25/35◊,7		5,949,210		495,598
Total Government Agency				797,417,500
Residential Mortgage-Backed Securities - 10.9%
CSMC Trust
2021-RPL1, 4.08% (WAC) due 09/27/60◊,3		23,243,584		23,187,507
2021-RPL7, 4.19% (WAC) due 07/27/61◊,3		10,451,844		10,421,461
2021-RPL4, 4.80% (WAC) due 12/27/60◊,3		9,897,400		9,866,005
2021-NQM8, 2.41% (WAC) due 10/25/66◊,3		6,989,183		6,041,756
2018-RPL9, 3.85% (WAC) due 09/25/57◊,3		3,571,094		3,486,334
2020-NQM1, 2.41% due 05/25/653		1,547,171		1,435,160
PRPM LLC
2021-5, 4.79% due 06/25/263,8		17,038,481		16,962,663
2022-1, 3.72% due 02/25/273,8		16,359,777		16,312,851
2021-8, 4.74% (WAC) due 09/25/26◊,3		7,529,771		7,492,959
2024-RPL2, 3.50% due 05/25/543		4,284,865		4,100,363
2024-4, 6.41% due 08/25/293,8		2,382,427		2,388,070
2021-RPL2, 2.49% (WAC) due 10/25/51◊,3		2,500,000		2,102,783
2024-6, 5.70% due 11/25/293,8		1,949,356		1,949,552
Legacy Mortgage Asset Trust
2021-GS3, 4.75% due 07/25/613,8		18,206,741		18,183,729
2021-GS4, 4.65% due 11/25/608		15,161,579		15,161,762
2021-GS2, 4.75% due 04/25/613,8		6,562,048		6,559,879
2021-GS5, 5.25% due 07/25/673,8		4,210,349		4,199,461
NYMT Loan Trust
2021-SP1, 4.67% due 08/25/613,8		29,803,786		29,591,848
2022-SP1, 5.25% due 07/25/623,8		8,545,546		8,477,725
OSAT Trust
2021-RPL1, 5.12% due 05/25/653,8		35,395,608		35,284,066

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 30.0% (continued)
Residential Mortgage-Backed Securities - 10.9% (continued)
OBX Trust
2024-NQM5, 5.99% due 01/25/643,8		17,900,882	$	17,991,738
2024-NQM18, 5.66% due 10/25/643,8		4,578,630		4,567,544
2024-NQM8, 6.23% due 05/25/643,8		2,959,520		2,984,871
2024-NQM9, 6.28% due 01/25/648		2,523,994		2,538,923
2024-NQM17, 5.86% due 11/25/648		1,984,529		1,987,604
2022-NQM9, 6.45% due 09/25/623,8		1,888,218		1,897,236
BRAVO Residential Funding Trust
2022-R1, 3.13% due 01/29/703,8		17,718,905		17,589,205
2021-HE2, 5.42% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 11/25/69◊,3		1,205,669		1,202,197
2021-HE2, 5.62% (30 Day Average SOFR + 1.05%, Rate Floor: 0.00%) due 11/25/69◊,3		1,107,134		1,104,510
2021-HE1, 5.52% (30 Day Average SOFR + 0.95%, Rate Floor: 0.00%) due 01/25/70◊,3		915,349		906,950
2021-HE1, 5.42% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 01/25/70◊,3		687,289		685,296
2022-NQM3, due 07/25/62◊,3,6		659,366		655,054
Verus Securitization Trust
2021-4, 1.35% (WAC) due 07/25/66◊,3		5,327,109		4,430,090
2021-5, 1.37% (WAC) due 09/25/66◊,3		5,119,850		4,333,784
2020-5, 2.58% due 05/25/653		3,310,490		3,205,608
2024-5, 6.45% due 06/25/698		2,842,339		2,861,172
2021-3, 1.44% (WAC) due 06/25/66◊,3		3,111,434		2,629,598
2021-6, 1.89% (WAC) due 10/25/66◊,3		2,469,704		2,085,693
2020-1, 3.42% due 01/25/603		471,092		461,612
JP Morgan Mortgage Trust
2021-12, 2.50% (WAC) due 02/25/52◊,3		16,357,895		15,014,853
2024-NQM1, 5.59% due 02/25/643,8		2,250,000		2,252,590
FIGRE Trust
2024-HE6, 5.72% (WAC) due 12/25/54◊,3		5,450,000		5,453,406
2024-HE2, 6.38% (WAC) due 05/25/54◊,3		3,183,622		3,243,405
2024-HE5, 5.44% (WAC) due 10/25/54◊,3		2,634,173		2,616,280
2024-HE3, 5.94% (WAC) due 07/25/54◊,3		1,587,534		1,599,703
Citigroup Mortgage Loan Trust, Inc.
2022-A, 6.17% due 09/25/623,8		10,339,198		10,341,135
2006-WF1, 4.94% due 03/25/36		3,277,085		1,570,849
Towd Point Mortgage Trust
2017-6, 2.75% (WAC) due 10/25/57◊,3		4,396,437		4,292,942
2024-4, 4.38% (WAC) due 10/27/64◊,3		3,219,006		3,126,270
2018-2, 3.25% (WAC) due 03/25/58◊,3		2,006,666		1,971,544
2023-CES1, 6.75% (WAC) due 07/25/63◊,3		980,483		990,241
2017-5, 5.05% (1 Month Term SOFR + 0.71%, Rate Floor: 0.00%) due 02/25/57◊,3		600,935		625,982
2018-1, 3.00% (WAC) due 01/25/58◊,3		235,837		230,712
GS Mortgage-Backed Securities Trust
2021-PJ10, 2.50% (WAC) due 03/25/52◊,3		10,208,310		9,271,606
2020-NQM1, 1.38% (WAC) due 09/27/60◊,3		1,558,754		1,456,956
Imperial Fund Mortgage Trust
2022-NQM2, 4.02% (WAC) due 03/25/67◊,3		10,566,480		9,575,671
ATLX Trust
2024-RPL2, 3.85% due 04/25/633,8		9,846,928		9,418,157
Angel Oak Mortgage Trust
2024-4, 6.20% due 01/25/693,8		5,203,832		5,235,307
2021-6, 1.71% (WAC) due 09/25/66◊,3		2,313,864		1,888,139
2024-12, 5.86% due 10/25/693,8		1,294,761		1,293,769
Home Equity Loan Trust
2007-FRE1, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.19%) due 04/25/37◊		8,897,353		8,372,658

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 30.0% (continued)
Residential Mortgage-Backed Securities - 10.9% (continued)
Structured Asset Securities Corporation Mortgage Loan Trust
2008-BC4, 3.41% (1 Month Term SOFR + 0.74%, Rate Floor: 0.63%) due 11/25/37◊		8,125,649	$	7,811,374
2006-BC4, 4.79% (1 Month Term SOFR + 0.45%, Rate Floor: 0.34%) due 12/25/36◊		359,493		348,006
New Residential Mortgage Loan Trust
2018-2A, 3.50% (WAC) due 02/25/58◊,3		4,265,958		3,984,879
2018-1A, 4.00% (WAC) due 12/25/57◊,3		1,390,834		1,329,209
2019-6A, 3.50% (WAC) due 09/25/59◊,3		1,081,396		1,007,137
2017-5A, 5.95% (1 Month Term SOFR + 1.61%, Rate Floor: 1.50%) due 06/25/57◊,3		389,704		396,103
Mill City Securities Ltd.
2024-RS1, 3.00% due 11/01/693,8		4,235,999		3,856,877
2024-RS2, 3.00% due 08/01/693,8		2,450,000		2,264,033
Soundview Home Loan Trust
2006-OPT5, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 07/25/36◊		5,764,140		5,534,742
2005-OPT3, 5.16% (1 Month Term SOFR + 0.82%, Rate Floor: 0.71%) due 11/25/35◊		500,028		491,728
RCKT Mortgage Trust
2024-CES4, 6.15% due 06/25/443,8		5,473,063		5,514,986
Alternative Loan Trust
2007-OA7, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 05/25/47◊		3,992,234		3,712,342
2007-OH3, 5.03% (1 Month Term SOFR + 0.69%, Rate Cap/Floor: 10.00%/0.58%) due 09/25/47◊		1,932,469		1,730,735
LHOME Mortgage Trust
2024-RTL5, 5.32% due 09/25/393,8		4,700,000		4,654,818
NovaStar Mortgage Funding Trust Series
2007-2, 4.65% (1 Month Term SOFR + 0.31%, Rate Cap/Floor: 11.00%/0.20%) due 09/25/37◊		4,753,330		4,614,217
Morgan Stanley ABS Capital I Incorporated Trust
2007-HE3, 4.70% (1 Month Term SOFR + 0.36%, Rate Floor: 0.25%) due 12/25/36◊		4,253,070		2,118,235
2007-HE3, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 12/25/36◊		3,046,899		1,517,544
2007-HE5, 4.63% (1 Month Term SOFR + 0.29%, Rate Floor: 0.18%) due 03/25/37◊		1,515,365		635,098
2006-NC1, 5.02% (1 Month Term SOFR + 0.68%, Rate Floor: 0.57%) due 12/25/35◊		100,551		99,618
American Home Mortgage Investment Trust
2006-3, 4.81% (1 Month Term SOFR + 0.47%, Rate Cap/Floor: 10.50%/0.36%) due 12/25/46◊		5,052,034		4,129,922
BRAVO
2024-NQM6, 5.66% due 08/01/643,8		3,677,371		3,661,213
SPS Servicer Advance Receivables Trust
2020-T2, 1.83% due 11/15/553		3,750,000		3,644,225
HOMES Trust
2024-AFC2, 5.58% (WAC) due 10/25/59◊,3		3,651,536		3,638,842
Credit Suisse Mortgage Capital Certificates
2021-RPL9, 3.66% (WAC) due 02/25/61◊,3		3,592,582		3,581,266
COLT Mortgage Loan Trust
2024-2, 6.13% due 04/25/693,8		2,044,047		2,055,059
2021-2, 2.38% (WAC) due 08/25/66◊		1,500,000		1,018,066
Sequoia Mortgage Trust
2024-5, 6.00% (WAC) due 06/25/54◊,3		2,968,249		2,972,770

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 30.0% (continued)
Residential Mortgage-Backed Securities - 10.9% (continued)
Vista Point Securitization Trust
2024-CES3, 5.68% due 01/25/553,8		2,900,000	$	2,904,533
GCAT Trust
2024-NQM2, 6.09% due 06/25/598		2,844,509		2,859,258
HarborView Mortgage Loan Trust
2006-14, 4.78% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 01/25/47◊		1,714,254		1,584,592
2006-12, 4.86% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 01/19/38◊		1,388,720		1,217,992
Securitized Asset Backed Receivables LLC Trust
2007-HE1, 4.67% (1 Month Term SOFR + 0.33%, Rate Floor: 0.22%) due 12/25/36◊		12,568,077		2,669,657
IXIS Real Estate Capital Trust
2006-HE1, 5.05% (1 Month Term SOFR + 0.71%, Rate Floor: 0.60%) due 03/25/36◊		4,492,387		2,315,312
Ellington Financial Mortgage Trust
2021-2, 1.29% (WAC) due 06/25/66◊,3		1,830,297		1,507,356
2020-2, 1.64% (WAC) due 10/25/65◊,3		710,312		652,829
Bear Stearns Asset-Backed Securities I Trust
2006-HE9, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 11/25/36◊		2,198,541		2,159,066
Asset-Backed Securities Corporation Home Equity Loan Trust Series AEG
2006-HE1, 3.72% (1 Month Term SOFR + 0.71%, Rate Floor: 0.60%) due 01/25/36◊		2,050,715		1,986,441
First NLC Trust
2005-4, 5.23% (1 Month Term SOFR + 0.89%, Rate Cap/Floor: 14.00%/0.78%) due 02/25/36◊		1,615,118		1,573,968
Banc of America Funding Trust
2015-R2, 4.71% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 04/29/37◊,3		1,572,580		1,562,266
CFMT LLC
2022-HB9, 3.25% (WAC) due 09/25/37◊,3		1,532,651		1,500,611
SG Residential Mortgage Trust
2022-1, 3.68% (WAC) due 03/27/62◊,3		1,678,831		1,497,916
Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-W2, 5.19% (1 Month Term SOFR + 0.85%, Rate Floor: 0.74%) due 10/25/35◊		1,276,458		1,254,370
Morgan Stanley IXIS Real Estate Capital Trust
2006-2, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 11/25/36◊		3,672,495		1,162,971
GSAA Home Equity Trust
2006-3, 5.05% (1 Month Term SOFR + 0.71%, Rate Floor: 0.60%) due 03/25/36◊		2,120,110		1,027,227
Credit-Based Asset Servicing and Securitization LLC
2006-CB2, 3.19% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 12/25/36◊		1,028,809		976,492
Lehman XS Trust Series
2006-16N, 4.83% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 11/25/46◊		1,117,028		974,067
Structured Asset Investment Loan Trust
2006-3, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 06/25/36◊		749,922		710,941
Long Beach Mortgage Loan Trust
2006-8, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 09/25/36◊		2,249,413		598,663

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 30.0% (continued)
Residential Mortgage-Backed Securities - 10.9% (continued)
ACE Securities Corporation Home Equity Loan Trust Series
2005-HE2, 5.47% (1 Month Term SOFR + 1.13%, Rate Floor: 1.02%) due 04/25/35◊		570,084	$	549,047
Morgan Stanley Capital I Incorporated Trust
2006-HE1, 5.03% (1 Month Term SOFR + 0.69%, Rate Floor: 0.58%) due 01/25/36◊		556,580		534,921
MFRA Trust
2021-INV1, 1.26% (WAC) due 01/25/56◊,3		424,746		405,977
Residential Mortgage Loan Trust
2020-1, 2.38% (WAC) due 01/26/60◊,3		328,931		322,629
Starwood Mortgage Residential Trust
2020-1, 2.28% (WAC) due 02/25/50◊,3		256,071		241,371
Nomura Resecuritization Trust
2015-4R, 3.10% (1 Month Term SOFR + 0.54%, Rate Floor: 0.43%) due 03/26/36◊		230,014		221,272
First Franklin Mortgage Loan Trust
2004-FF10, 5.73% (1 Month Term SOFR + 1.39%, Rate Floor: 1.28%) due 07/25/34◊		182,505		179,066
Morgan Stanley Home Equity Loan Trust
2006-2, 5.01% (1 Month Term SOFR + 0.67%, Rate Floor: 0.56%) due 02/25/36◊		85,327		85,065
Morgan Stanley Re-REMIC Trust
2010-R5, 3.50% due 06/26/36		34,395		32,152
Nationstar Home Equity Loan Trust
2007-B, 4.89% (1 Month Term SOFR + 0.33%, Rate Floor: 0.22%) due 04/25/37◊		52		52
Total Residential Mortgage-Backed Securities				508,757,918
Commercial Mortgage-Backed Securities - 1.9%
BX Commercial Mortgage Trust
2021-VOLT, 6.16% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 09/15/36◊,3		25,000,000		24,937,915
2022-LP2, 5.96% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 02/15/39◊,3		11,410,000		11,367,212
2024-AIRC, 6.09% (1 Month Term SOFR + 1.69%, Rate Floor: 1.69%) due 08/15/39◊,3		2,350,000		2,366,178
JP Morgan Chase Commercial Mortgage Securities Trust
2021-NYAH, 6.30% (1 Month Term SOFR + 1.90%, Rate Floor: 1.54%) due 06/15/38◊,3		10,200,000		9,519,989
2016-JP2, 1.79% (WAC) due 08/15/49◊,7		28,516,501		474,147
BX Trust
2024-VLT4, 6.34% (1 Month Term SOFR + 1.94%, Rate Floor: 1.94%) due 07/15/29◊,3		7,800,000		7,840,416
BXHPP Trust
2021-FILM, 5.61% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36◊,3		8,250,000		7,739,362
MHP
2022-MHIL, 5.66% (1 Month Term SOFR + 1.26%, Rate Floor: 1.26%) due 01/15/27◊,3		7,292,911		7,251,889
Life Mortgage Trust
2021-BMR, 5.91% (1 Month Term SOFR + 1.51%, Rate Floor: 1.40%) due 03/15/38◊,3		5,551,940		5,468,660

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 30.0% (continued)
Commercial Mortgage-Backed Securities - 1.9% (continued)
Extended Stay America Trust
2021-ESH, 6.21% (1 Month Term SOFR + 1.81%, Rate Floor: 1.70%) due 07/15/38◊,3		3,523,163	$	3,527,567
Wells Fargo Commercial Mortgage Trust
2017-C38, 0.91% (WAC) due 07/15/50◊,7		21,422,417		364,824
2017-C42, 0.86% (WAC) due 12/15/50◊,7		13,874,852		288,145
2016-C37, 0.77% (WAC) due 12/15/49◊,7		23,096,866		253,832
2017-RB1, 1.19% (WAC) due 03/15/50◊,7		7,814,384		171,005
2015-LC22, 0.73% (WAC) due 09/15/58◊,7		17,494,853		47,065
2016-NXS5, 1.39% (WAC) due 01/15/59◊,7		4,392,013		44,028
JPMDB Commercial Mortgage Securities Trust
2018-C8, 0.60% (WAC) due 06/15/51◊,7		29,693,633		474,092
2016-C4, 0.70% (WAC) due 12/15/49◊,7		32,446,440		323,566
2016-C2, 1.47% (WAC) due 06/15/49◊,7		6,077,506		76,904
2017-C5, 0.87% (WAC) due 03/15/50◊,7		2,955,110		36,122
BENCHMARK Mortgage Trust
2018-B2, 0.45% (WAC) due 02/15/51◊,7		84,684,607		895,209
DBJPM Mortgage Trust
2017-C6, 0.95% (WAC) due 06/10/50◊,7		43,084,018		761,807
BBCMS Mortgage Trust
2018-C2, 0.75% (WAC) due 12/15/51◊,7		28,778,749		664,907
CSAIL Commercial Mortgage Trust
2019-C15, 0.99% (WAC) due 03/15/52◊,7		17,478,190		566,570
2016-C6, 1.85% (WAC) due 01/15/49◊,7		5,839,929		80,231
UBS Commercial Mortgage Trust
2017-C2, 1.06% (WAC) due 08/15/50◊,7		21,037,491		447,724
2017-C5, 1.13% (WAC) due 11/15/50◊,7		9,426,899		195,922
Bank of America Merrill Lynch Commercial Mortgage Trust
2017-BNK3, 1.00% (WAC) due 02/15/50◊,7		28,532,622		449,400
2016-UB10, 1.72% (WAC) due 07/15/49◊,7		9,743,468		122,313
COMM Mortgage Trust
2018-COR3, 0.44% (WAC) due 05/10/51◊,7		35,000,899		441,410
2015-CR24, 0.68% (WAC) due 08/10/48◊,7		48,536,027		59,491
Morgan Stanley Bank of America Merrill Lynch Trust
2017-C34, 0.77% (WAC) due 11/15/52◊,7		22,392,936		349,110
2015-C27, 0.85% (WAC) due 12/15/47◊,7		26,975,304		60,721
CGMS Commercial Mortgage Trust
2017-B1, 0.72% (WAC) due 08/15/50◊,7		19,414,516		295,879
CD Commercial Mortgage Trust
2017-CD4, 1.22% (WAC) due 05/10/50◊,7		13,110,132		282,668
CD Mortgage Trust
2017-CD6, 0.89% (WAC) due 11/13/50◊,7		11,174,012		204,665
2016-CD1, 1.34% (WAC) due 08/10/49◊,7		5,457,318		63,553
GS Mortgage Securities Trust
2017-GS6, 1.00% (WAC) due 05/10/50◊,7		10,789,885		194,616
BANK
2017-BNK6, 0.78% (WAC) due 07/15/60◊,7		11,733,393		185,850
Citigroup Commercial Mortgage Trust
2016-C2, 1.65% (WAC) due 08/10/49◊,7		5,823,754		98,800
2016-GC37, 1.64% (WAC) due 04/10/49◊,7		2,728,400		31,600
Total Commercial Mortgage-Backed Securities				89,025,364
Total Collateralized Mortgage Obligations
(Cost $1,423,125,530)				1,395,200,782
ASSET-BACKED SECURITIES†† - 23.9%
Collateralized Loan Obligations - 13.6%
THL Credit Lake Shore MM CLO I Ltd.
2021-1A A1R, 6.62% (3 Month Term SOFR + 1.96%, Rate Floor: 1.70%) due 04/15/33◊,3		47,863,784		47,988,230
2021-1A A2R, 6.77% (3 Month Term SOFR + 2.11%, Rate Floor: 1.85%) due 04/15/33◊,3		6,250,000		6,373,187

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 23.9% (continued)
Collateralized Loan Obligations - 13.6% (continued)
Golub Capital Partners CLO 49M Ltd.
2021-49A AR, 6.41% (3 Month Term SOFR + 1.79%, Rate Floor: 1.79%) due 08/26/33◊,3		36,500,000	$	36,545,614
Golub Capital Partners CLO 54M LP
2021-54A A, 6.35% (3 Month Term SOFR + 1.79%, Rate Floor: 1.53%) due 08/05/33◊,3		29,000,000		29,036,212
Owl Rock CLO IV Ltd.
2021-4A A1R, 6.38% (3 Month Term SOFR + 1.86%, Rate Floor: 1.60%) due 08/20/33◊,3		24,250,000		24,254,666
2021-4A A2R, 6.68% (3 Month Term SOFR + 2.16%, Rate Floor: 1.90%) due 08/20/33◊,3		3,650,000		3,650,806
Golub Capital Partners CLO 16 Ltd.
2021-16A A1R2, 6.50% (3 Month Term SOFR + 1.87%, Rate Floor: 1.61%) due 07/25/33◊,3		27,650,000		27,755,363
BXMT Ltd.
2020-FL2 AS, 5.65% (1 Month Term SOFR + 1.26%, Rate Floor: 1.26%) due 02/15/38◊,3		14,310,000		14,091,916
2020-FL2 A, 5.40% (1 Month Term SOFR + 1.01%, Rate Floor: 1.01%) due 02/15/38◊,3		4,569,005		4,490,476
2020-FL3 AS, 6.25% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 11/15/37◊,3		4,500,000		4,427,422
2020-FL2 B, 5.90% (1 Month Term SOFR + 1.51%, Rate Floor: 1.51%) due 02/15/38◊,3		2,000,000		1,963,088
2020-FL3 B, 6.65% (1 Month Term SOFR + 2.26%, Rate Floor: 2.26%) due 11/15/37◊,3		2,000,000		1,941,159
Parliament CLO II Ltd.
2021-2A B, 6.48% (3 Month Term SOFR + 1.96%, Rate Floor: 1.70%) due 08/20/32◊,3		22,250,000		22,255,438
2021-2A A, 6.13% (3 Month Term SOFR + 1.61%, Rate Floor: 1.35%) due 08/20/32◊,3		1,659,434		1,661,219
2021-2A C, 7.33% (3 Month Term SOFR + 2.81%, Rate Floor: 2.55%) due 08/20/32◊,3		500,000		500,572
Golub Capital Partners CLO 33M Ltd.
2021-33A AR2, 6.64% (3 Month Term SOFR + 2.12%, Rate Floor: 1.86%) due 08/25/33◊,3		23,000,000		23,028,065
Madison Park Funding XLVIII Ltd.
2021-48A B, 6.33% (3 Month Term SOFR + 1.71%, Rate Floor: 1.71%) due 04/19/33◊,3		22,000,000		22,041,230
Cerberus Loan Funding XLIV LLC
2024-5A A, 7.01% (3 Month Term SOFR + 2.35%, Rate Floor: 2.35%) due 01/15/36◊,3		20,000,000		20,160,380
Cerberus Loan Funding XL LLC
2023-1A A, 7.06% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 03/22/35◊,3		16,500,000		16,527,307
2023-1A B, 8.26% (3 Month Term SOFR + 3.60%, Rate Floor: 3.60%) due 03/22/35◊,3		3,250,000		3,278,163
Cerberus Loan Funding XXXII, LP
2021-2A A, 6.54% (3 Month Term SOFR + 1.88%, Rate Floor: 1.88%) due 04/22/33◊,3		14,250,000		14,285,367
2021-2A B, 6.82% (3 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 04/22/33◊,3		4,000,000		4,001,922
LCCM Trust
2021-FL3 A, 5.96% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 11/15/38◊,3		11,985,219		11,974,642
2021-FL2 B, 6.41% (1 Month Term SOFR + 2.01%, Rate Floor: 2.01%) due 12/13/38◊,3		6,000,000		5,936,992
Palmer Square Loan Funding Ltd.
2021-3A B, 6.63% (3 Month Term SOFR + 2.01%, Rate Floor: 2.01%) due 07/20/29◊,3		5,000,000		5,008,568

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 23.9% (continued)
Collateralized Loan Obligations - 13.6% (continued)
2022-1A A2, 6.25% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 04/15/30◊,3		5,000,000	$	5,007,431
2021-2A B, 6.18% (3 Month Term SOFR + 1.66%, Rate Floor: 1.66%) due 05/20/29◊,3		4,000,000		4,002,760
2023-2A A2, 6.93% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 01/25/32◊,3		2,000,000		2,006,325
BRSP Ltd.
2021-FL1 C, 6.63% (1 Month Term SOFR + 2.26%, Rate Floor: 2.15%) due 08/19/38◊,3		10,000,000		9,744,546
2021-FL1 B, 6.38% (1 Month Term SOFR + 2.01%, Rate Floor: 1.90%) due 08/19/38◊,3		6,400,000		6,233,391
ACRES Commercial Realty Ltd.
2021-FL1 B, 6.30% (1 Month Term SOFR + 1.91%, Rate Floor: 1.91%) due 06/15/36◊,3		11,200,000		10,974,903
2021-FL1 C, 6.50% (1 Month Term SOFR + 2.11%, Rate Floor: 2.11%) due 06/15/36◊,3		4,800,000		4,652,315
Fortress Credit BSL XV Ltd.
2024-2A AR, 6.03% (3 Month Term SOFR + 1.40%, Rate Floor: 1.40%) due 10/18/33◊,3		15,000,000		15,037,854
Cerberus Loan Funding XXXIII, LP
2021-3A A, 6.47% (3 Month Term SOFR + 1.82%, Rate Floor: 1.56%) due 07/23/33◊,3		11,500,000		11,536,115
2021-3A B, 6.76% (3 Month Term SOFR + 2.11%, Rate Floor: 1.85%) due 07/23/33◊,3		2,250,000		2,250,929
HERA Commercial Mortgage Ltd.
2021-FL1 A, 5.54% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/18/38◊,3		8,848,877		8,806,611
2021-FL1 B, 6.09% (1 Month Term SOFR + 1.71%, Rate Floor: 1.60%) due 02/18/38◊,3		3,750,000		3,674,661
ABPCI Direct Lending Fund CLO I LLC
2021-1A A1A2, 6.58% (3 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 07/20/33◊,3		12,250,000		12,397,097
Fortress Credit Opportunities IX CLO Ltd.
2021-9A A2TR, 6.72% (3 Month Term SOFR + 2.06%, Rate Floor: 1.80%) due 10/15/33◊,3		11,500,000		11,521,192
FS Rialto
2021-FL3 B, 6.31% (1 Month Term SOFR + 1.91%, Rate Floor: 1.91%) due 11/16/36◊,3		7,500,000		7,428,233
2021-FL2 C, 6.56% (1 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 05/16/38◊,3		3,250,000		3,173,527
Owl Rock CLO II Ltd.
2021-2A ALR, 6.43% (3 Month Term SOFR + 1.81%, Rate Floor: 1.55%) due 04/20/33◊,3		10,500,000		10,519,012
KREF
2021-FL2 B, 6.15% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 02/15/39◊,3		10,700,000		10,489,640
Cerberus Loan Funding XXXI, LP
2021-1A B, 6.82% (3 Month Term SOFR + 2.16%, Rate Floor: 1.90%) due 04/15/32◊,3		9,568,119		9,572,173
GoldenTree Loan Management US CLO 1 Ltd.
2024-9A BR, 6.57% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 04/20/37◊,3		8,250,000		8,316,968
Cerberus Loan Funding XXXV, LP
2021-5A A, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 09/22/33◊,3		8,000,000		8,016,992
LoanCore Issuer Ltd.
2021-CRE5 B, 6.51% (1 Month Term SOFR + 2.11%, Rate Floor: 2.11%) due 07/15/36◊,3		7,900,000		7,803,506

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 23.9% (continued)
Collateralized Loan Obligations - 13.6% (continued)
Golub Capital Partners CLO 36M Ltd.
2018-36A A, 6.12% (3 Month Term SOFR + 1.56%, Rate Floor: 0.00%) due 02/05/31◊,3		7,734,850	$	7,746,356
Cerberus Loan Funding XLVIII LLC
2024-4A B, 6.30% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/15/36◊,3		4,250,000		4,313,403
2024-4A AN, 6.10% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 10/15/36◊,3		3,250,000		3,274,361
BCC Middle Market CLO LLC
2021-1A A1R, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 10/15/33◊,3		6,750,000		6,768,471
Neuberger Berman Loan Advisers CLO 40 Ltd.
2021-40A B, 6.31% (3 Month Term SOFR + 1.66%, Rate Floor: 1.40%) due 04/16/33◊,3		6,000,000		6,008,654
Fontainbleau Vegas
10.13% (1 Month Term SOFR + 5.65%, Rate Floor: 1.00%) due 01/31/26◊,†††		6,000,000		6,000,000
LCM XXIV Ltd.
2021-24A AR, 5.86% (3 Month Term SOFR + 1.24%, Rate Floor: 0.98%) due 03/20/30◊,3		5,949,305		5,953,198
MF1 Multifamily Housing Mortgage Loan Trust
2021-FL6 B, 6.14% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 07/16/36◊,3		6,000,000		5,910,281
Cerberus Loan Funding XLII LLC
2023-3A A1, 7.13% (3 Month Term SOFR + 2.48%, Rate Floor: 2.48%) due 09/13/35◊,3		5,750,000		5,785,002
STWD Ltd.
2019-FL1 C, 6.46% (1 Month Term SOFR + 2.06%, Rate Floor: 2.06%) due 07/15/38◊,3		3,200,000		3,179,841
2021-FL2 B, 6.29% (1 Month Term SOFR + 1.91%, Rate Floor: 1.80%) due 04/18/38◊,3		2,187,000		2,115,098
Carlyle Direct Lending CLO LLC
2024-1A A11A, 6.46% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 07/15/36◊,3		5,150,000		5,167,101
Cerberus Loan Funding XLVII LLC
2024-3A A, 6.41% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 07/15/36◊,3		5,000,000		5,025,735
CIFC Funding Ltd.
2021-4A A1B2, 6.13% (3 Month Term SOFR + 1.51%, Rate Floor: 1.51%) due 04/20/34◊,3		5,000,000		5,025,030
HGI CRE CLO Ltd.
2021-FL2 A, 5.51% (1 Month Term SOFR + 1.11%, Rate Floor: 1.11%) due 09/17/36◊,3		2,995,263		2,977,264
2021-FL2 B, 6.01% (1 Month Term SOFR + 1.61%, Rate Floor: 1.61%) due 09/17/36◊,3		2,000,000		1,981,694
BDS Ltd.
2021-FL9 C, 6.39% (1 Month Term SOFR + 2.01%, Rate Floor: 1.90%) due 11/16/38◊,3		5,000,000		4,862,017
BSPRT Issuer Ltd.
2021-FL6 C, 6.56% (1 Month Term SOFR + 2.16%, Rate Floor: 2.05%) due 03/15/36◊,3		5,000,000		4,849,567
VOYA CLO
2021-2A BR, 7.07% (3 Month Term SOFR + 2.41%, Rate Floor: 2.15%) due 06/07/30◊,3		4,500,000		4,512,296
Neuberger Berman Loan Advisers CLO 32 Ltd.
2021-32A BR, 6.28% (3 Month Term SOFR + 1.66%, Rate Floor: 1.40%) due 01/20/32◊,3		4,000,000		4,007,688
Greystone Commercial Real Estate Notes
2021-FL3 B, 6.16% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 07/15/39◊,3		2,200,000		2,182,739

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 23.9% (continued)
Collateralized Loan Obligations - 13.6% (continued)
NewStar Fairfield Fund CLO Ltd.
2018-2A A1N, 6.15% (3 Month Term SOFR + 1.53%, Rate Floor: 1.27%) due 04/20/30◊,3		2,050,560	$	2,052,901
KREF Funding V LLC
6.26% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 06/25/26◊,†††		1,920,143		1,911,074
0.15% due 06/25/26†††,7		27,272,727		19,364
Owl Rock CLO X LLC
2023-10A A, 7.07% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/20/35◊,3		1,250,000		1,254,345
ACRE Commercial Mortgage Ltd.
2021-FL4 AS, 5.59% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 12/18/37◊,3		1,227,976		1,222,516
Dryden 37 Senior Loan Fund
2015-37A Q,  due 01/15/313,9		1,500,000		1,045,150
Golub Capital Partners CLO 17 Ltd.
2017-17A A1R, 6.54% (3 Month Term SOFR + 1.91%, Rate Floor: 0.00%) due 10/25/30◊,3		565,029		565,355
Treman Park CLO Ltd.
2015-1A COM,  due 10/20/283,9		325,901		932
Copper River CLO Ltd.
2007-1A INC,  due 01/20/219,10		500,000		50
Total Collateralized Loan Obligations				632,061,668
Financial - 2.2%
Station Place Securitization Trust
2024-SP1, 5.85% (1 Month Term SOFR + 1.40%, Rate Floor: 1.40%) due 08/12/25◊,†††,3		8,775,000		8,775,000
2024-SP2, 6.15% (1 Month Term SOFR + 1.70%, Rate Floor: 1.70%) due 07/12/26◊,†††,3		8,775,000		8,775,000
2024-SP4, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,3		5,675,000		5,675,000
2024-SP3, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,3		2,825,000		2,825,000
Strategic Partners Fund VIII, LP
7.17% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26◊,†††		19,409,800		19,258,708
KKR Core Holding Company LLC
4.00% due 08/12/31†††		15,994,112		14,462,170
HV Eight LLC
7.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/31/27◊,†††		EUR  9,949,550		10,258,069
Project Onyx I
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††		7,984,846		7,902,467
Project Onyx
7.34% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/28◊,†††		5,588,964		5,534,143
Thunderbird A
5.50% due 03/01/37†††		5,535,373		5,100,849
Lightning A
5.50% due 03/01/37†††		5,518,641		5,085,431
Ceamer Finance LLC
3.69% due 03/24/31†††		2,851,034		2,703,303
6.79% due 11/15/39†††		2,200,000		2,200,000
Project Onyx II
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††		2,194,442		2,175,403
Total Financial				100,730,543
Whole Business - 1.7%
Taco Bell Funding LLC
2021-1A, 1.95% due 08/25/513		18,421,875		17,203,587
SERVPRO Master Issuer LLC
2021-1A, 2.39% due 04/25/513		11,676,500		10,521,008
2019-1A, 3.88% due 10/25/493		6,317,500		6,138,567
Subway Funding LLC
2024-1A, 6.03% due 07/30/543		8,900,000		9,008,365

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 23.9% (continued)
Whole Business - 1.7% (continued)
2024-3A, 5.25% due 07/30/543		7,200,000	$	7,011,119
ServiceMaster Funding LLC
2020-1, 2.84% due 01/30/513		8,722,379		7,947,727
Wingstop Funding LLC
2020-1A, 2.84% due 12/05/503		7,742,100		7,238,352
Arbys Funding LLC
2020-1A, 3.24% due 07/30/503		6,941,875		6,591,347
DB Master Finance LLC
2019-1A, 4.02% due 05/20/493		2,842,500		2,801,659
Domino’s Pizza Master Issuer LLC
2017-1A, 4.12% due 07/25/473		1,692,000		1,647,059
2018-1A, 4.12% due 07/25/483		947,500		941,849
Total Whole Business				77,050,639
Net Lease - 1.6%
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 1.85% due 11/20/503		37,432,068		36,115,549
STORE Master Funding I LLC
2015-1A, 4.17% due 04/20/453		10,182,833		10,140,188
Capital Automotive REIT
2024-2A, 4.90% due 05/15/543		5,371,667		5,298,846
2020-1A, 3.48% due 02/15/503		1,964,583		1,878,175
STORE Master Funding LLC
2021-1A, 2.86% due 06/20/513		6,828,374		6,216,474
CF Hippolyta Issuer LLC
2021-1A, 1.98% due 03/15/613		5,748,930		5,359,418
CMFT Net Lease Master Issuer LLC
2021-1, 2.91% due 07/20/513		3,000,000		2,697,978
2021-1, 2.51% due 07/20/513		2,500,000		2,223,741
New Economy Assets Phase 1 Sponsor LLC
2021-1, 1.91% due 10/20/613		2,500,000		2,305,060
CARS-DB4, LP
2020-1A, 3.25% due 02/15/503		883,654		791,599
Total Net Lease				73,027,028
Transport-Container - 1.5%
Triton Container Finance VIII LLC
2021-1A, 1.86% due 03/20/463		27,590,625		24,550,301
Textainer Marine Containers VII Ltd.
2021-1A, 1.68% due 02/20/463		7,834,666		7,084,516
2020-1A, 2.73% due 08/21/453		3,354,898		3,192,959
2020-2A, 2.10% due 09/20/453		2,941,774		2,721,868
TIF Funding II LLC
2021-1A, 1.65% due 02/20/463		12,569,813		11,108,826
CLI Funding VI LLC
2020-3A, 2.07% due 10/18/453		10,260,000		9,426,404
2020-1A, 2.08% due 09/18/453		1,137,806		1,042,714
CLI Funding VIII LLC
2021-1A, 1.64% due 02/18/463		11,095,090		10,022,633
CAL Funding IV Ltd.
2020-1A, 2.22% due 09/25/453		2,392,969		2,219,364
Total Transport-Container				71,369,585
Infrastructure - 1.1%
VB-S1 Issuer LLC - VBTEL
2022-1A, 4.29% due 02/15/523		9,250,000		8,884,495
2024-1A, 5.59% due 05/15/543		4,000,000		4,005,892
Aligned Data Centers Issuer LLC
2021-1A, 1.94% due 08/15/463		11,150,000		10,599,584
SBA Tower Trust
1.63% due 11/15/263		5,723,000		5,364,611
2.84% due 01/15/253		3,550,000		3,546,358
1.84% due 04/15/273		1,200,000		1,110,143
Stack Infrastructure Issuer LLC
2020-1A, 1.89% due 08/25/453		5,169,000		5,063,496
2021-1A, 1.88% due 03/26/463		2,750,000		2,645,506
Crown Castle Towers LLC
3.66% due 05/15/253		5,850,000		5,819,712

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 23.9% (continued)
Infrastructure - 1.1% (continued)
Switch ABS Issuer LLC
2024-2A, 5.44% due 06/25/543		5,450,000	$	5,436,313
Total Infrastructure				52,476,110
Transport-Aircraft - 0.9%
AASET Trust
2021-1A, 2.95% due 11/16/413		9,169,161		8,554,405
2024-1A, 6.26% due 05/16/493		6,498,607		6,545,265
Sapphire Aviation Finance II Ltd.
2020-1A, 3.23% due 03/15/403		4,790,829		4,503,523
AASET US Ltd.
2018-2A, 4.45% due 11/18/383		4,561,708		4,470,551
AASET Ltd.
2024-2A, 5.93% due 09/16/493		4,275,019		4,249,440
KDAC Aviation Finance Ltd.
2017-1A, 4.21% due 12/15/423		4,133,486		3,999,189
Navigator Aircraft ABS Ltd.
2021-1, 2.77% due 11/15/463		2,539,154		2,333,235
Castlelake Aircraft Structured Trust
2021-1A, 3.47% due 01/15/463		2,339,387		2,248,041
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/403		1,709,343		1,671,122
Castlelake Aircraft Securitization Trust
2018-1, 4.13% due 06/15/433		1,632,019		1,550,421
Falcon Aerospace Ltd.
2019-1, 3.60% due 09/15/393		1,348,838		1,274,552
2017-1, 4.58% due 02/15/423		205,749		202,870
MAPS Ltd.
2018-1A, 4.21% due 05/15/433		1,436,649		1,427,334
Total Transport-Aircraft				43,029,948
Single Family Residence - 0.5%
FirstKey Homes Trust
2020-SFR2, 4.00% due 10/19/373		5,050,000		4,955,113
2020-SFR2, 4.50% due 10/19/373		4,900,000		4,822,868
2020-SFR2, 1.67% due 10/19/373		3,950,000		3,842,977
2021-SFR1, 2.19% due 08/17/383		4,000,000		3,795,845
2020-SFR2, 3.37% due 10/19/373		3,200,000		3,127,169
Tricon Residential Trust
2024-SFR2, 4.75% due 06/17/403		4,996,892		4,933,465
Total Single Family Residence				25,477,437
Collateralized Debt Obligations - 0.5%
Anchorage Credit Funding 4 Ltd.
2021-4A AR, 2.72% due 04/27/393		24,650,000		22,887,311
Automotive - 0.2%
Avis Budget Rental Car Funding AESOP LLC
2021-1A, 1.38% due 08/20/273		5,675,000		5,410,276
2020-2A, 2.02% due 02/20/273		4,550,000		4,440,834
Total Automotive				9,851,110
Insurance - 0.1%
Obra Longevity
8.48% due 06/30/39†††		5,850,000		6,070,265
Total Asset-Backed Securities
(Cost $1,136,009,987)				1,114,031,644
U.S. GOVERNMENT SECURITIES†† - 21.8%
U.S. Treasury Notes
4.75% due 07/31/25		200,000,000		200,550,690
4.38% due 07/31/26		161,250,000		161,516,055
4.25% due 11/30/26		115,100,000		115,077,112
4.63% due 06/30/25		100,000,000		100,240,638
4.13% due 10/31/26		90,000,000		89,795,137
3.75% due 08/31/26		68,000,000		67,461,801
4.00% due 12/15/27		50,000,000		49,615,472
3.38% due 09/15/27		47,000,000		45,929,325
4.25% due 01/31/26		15,700,000		15,700,303
3.50% due 09/30/26		250,000		246,851
U.S. Treasury Inflation Indexed Bonds
2.13% due 04/15/2912		54,769,162		54,835,281
0.13% due 10/15/2512		42,759,272		42,265,056
1.25% due 04/15/2812		25,118,640		24,472,654
0.50% due 01/15/2812		22,917,994		21,908,207
0.38% due 01/15/2712		19,459,145		18,867,276
1.38% due 07/15/3312		5,373,129		5,026,190
Total U.S. Government Securities
(Cost $1,014,159,832)				1,013,508,048
SENIOR FLOATING RATE INTERESTS††,◊ - 2.5%
Financial - 0.9%
Jane Street Group, LLC
6.40% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 01/26/28		11,511,170		11,495,399

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 2.5% (continued)
Financial - 0.9% (continued)
QTS Good News Facility
7.10% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 10/09/28◊		11,450,000	$	11,450,000
Citadel Securities, LP
6.33% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/31/31		7,338,125		7,354,783
Jefferies Finance LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 10/21/31		5,200,000		5,216,276
Eagle Point Holdings Borrower LLC
8.38% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 03/31/28†††		2,600,000		2,600,000
Starwood Property Mortgage LLC
due 12/12/29		300,000		298,875
AmWINS Group, Inc.
6.72% (1 Month Term SOFR + 2.25%, Rate Floor: 3.00%) due 02/19/28		174,546		174,989
Total Financial				38,590,322
Communications - 0.3%
Playtika Holding Corp.
7.22% (1 Month Term SOFR + 2.75%, Rate Floor: 3.75%) due 03/13/28		10,202,500		10,220,558
Zayo Group Holdings, Inc.
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/09/27		1,500,000		1,401,870
SBA Senior Finance II LLC
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 01/25/31		744,375		744,122
Virgin Media Bristol LLC
7.01% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/31/28		600,000		595,248
Total Communications				12,961,798
Industrial - 0.3%
Harsco Corporation
6.72% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 03/10/28		3,984,036		3,974,913
United Rentals, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 02/14/31		3,324,875		3,348,980
Genesee & Wyoming, Inc.
6.08% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/10/31		3,042,375		3,033,400
CPM Holdings, Inc.
9.05% (1 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 09/28/28		1,475,694		1,428,147
Total Industrial				11,785,440
Consumer, Non-cyclical - 0.2%
Women’s Care Holdings, Inc.
9.19% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 01/15/28		4,490,396		4,265,876
Bombardier Recreational Products, Inc.
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 01/22/31		4,042,015		4,042,581
Froneri US, Inc.
6.36% (3 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 09/30/31		2,310,875		2,311,291
Eyecare Partners LLC
9.33% (3 Month Term SOFR + 1.00%, Rate Floor: 1.00%) (in-kind rate was 3.61%) due 11/30/2811		426,242		329,805
10.37% (3 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 08/31/28		100,810		101,692
Total Consumer, Non-cyclical				11,051,245
Energy - 0.2%
ITT Holdings LLC
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/11/30		10,221,013		10,269,563

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 2.5% (continued)
Energy - 0.2% (continued)
Venture Global Calcasieu Pass LLC
7.33% (1 Month Term SOFR + 2.88%, Rate Floor: 3.88%) due 08/19/26		363,895	$	363,894
Total Energy				10,633,457
Basic Materials - 0.2%
Trinseo Materials Operating S.C.A.
7.28% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/03/28		10,711,500		7,022,781
Minerals Technologies, Inc.
6.34% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 11/21/31†††		3,500,000		3,508,750
Total Basic Materials				10,531,531
Technology - 0.2%
Dun & Bradstreet Corp.
6.59% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 01/18/29		8,386,129		8,387,638
Datix Bidco Ltd.
10.20% (1 Month GBP SONIA + 5.50%, Rate Floor: 5.50%) due 04/25/31†††	GBP	968,800		1,203,870
9.93% (6 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 04/30/31†††		275,000		272,986
10.02% (1 Month GBP SONIA + 5.50%, Rate Floor: 6.00%) due 10/25/30†††	GBP	12,950		14,321
10.02% (1 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 10/25/30†††		14,245		12,582
Upland Software, Inc.
8.21% (1 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 08/06/26		303,870		297,793
Total Technology				10,189,190
Consumer, Cyclical - 0.2%
Samsonite IP Holdings SARL
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 06/21/30		2,591,624		2,599,192
Rent-A-Center, Inc.
7.34% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 02/17/28†††		2,081,325		2,081,325
Pacific Bells LLC
8.60% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 11/10/28		1,544,693		1,543,920
Entain Holdings (Gibraltar) Ltd.
6.93% (3 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 03/29/27		1,447,500		1,450,815
Packers Holdings LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 03/09/28		1,668,646		830,986
Total Consumer, Cyclical				8,506,238
Total Senior Floating Rate Interests
(Cost $118,598,670)				114,249,221
MUNICIPAL BONDS†† - 0.2%
Colorado - 0.1%
Fort Carson Family Housing LLC Revenue Bonds
7.86% due 11/15/29		6,715,000		7,162,219
California - 0.1%
California Public Finance Authority Revenue Bonds
1.55% due 10/15/26		3,145,000		2,977,033
Total Municipal Bonds
(Cost $10,252,093)				10,139,252

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Contracts/Notional Value		Value
OTC OPTIONS PURCHASED†† - 0.1%
Put Options on:
Foreign Exchange Options
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $76,449,962)	EUR	48,259,000	$	764,063
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $76,449,962)	EUR	48,259,000		764,063
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $53,514,498)	EUR	33,781,000		536,380
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $26,835,665)	EUR	16,940,000		268,976
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $22,935,464)	EUR	14,478,000		229,884
BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $4,419,805)	EUR	2,790,000		44,300
Total OTC Options Purchased
(Cost $2,264,498)				2,607,666
OTC INTEREST RATE SWAPTIONS PURCHASED††,13 - 0.0%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.60% (Notional Value $122,735,200)	GBP	98,000,000		505,106
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.23% (Notional Value $120,230,400)	GBP	96,000,000		293,017
Total Interest Rate Swaptions				798,123
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.48% (Notional Value $120,230,400)	GBP	96,000,000		477,439
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.85% (Notional Value $122,735,200)	GBP	98,000,000		288,806
Total Interest Rate Swaptions				766,245
Total OTC Interest Rate Swaptions Purchased
(Cost $2,072,079)				1,564,368
Total Investments - 114.2%
(Cost $5,408,862,452)			$	5,317,222,343
OTC INTEREST RATE SWAPTIONS WRITTEN††,13 - (0.0)%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 2.73% (Notional Value $120,230,400)	GBP	96,000,000		(146,040	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.10% (Notional Value $122,735,200)	GBP	98,000,000		(250,241	)
Total Interest Rate Swaptions				(396,281	)

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Contracts/Notional Value		Value
OTC INTEREST RATE SWAPTIONS WRITTEN††,13 - (0.0)% (continued)
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.60% (Notional Value $122,735,200)	GBP	98,000,000	$	(414,831	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.23% (Notional Value $120,230,400)	GBP	96,000,000		(678,308	)
Total Interest Rate Swaptions				(1,093,139	)
Total OTC Interest Rate Swaptions Written
(Premiums received $1,819,269)				(1,489,420	)
Other Assets & Liabilities, net - (14.2)%				(661,265,503	)
Total Net Assets - 100.0%			$	4,654,467,420

Centrally Cleared Credit Default Swap Agreements Protection Purchased^††

Counterparty	Exchange	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount~		Value			Upfront Premiums Received			Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	ICE	ITRAXX.EUR.42.V1		1.00	%	Quarterly	12/20/29	EUR	5,190,000	$	(106,606	)	$	(110,027	)	$	3,421
BofA Securities, Inc.	ICE	CDX.NA.IG.43.V1		1.00	%	Quarterly	12/20/29		111,950,914		(2,498,825	)		(2,385,233	)		(113,592	)
										$	(2,605,431	)	$	(2,495,260	)	$	(110,171	)

OTC Credit Default Swap Agreements Protection Purchased^††

Counterparty	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Received			Unrealized Appreciation**
Morgan Stanley Capital Services LLC	CDX.NA.HY.43.V1 (15-25%)		5.00	%	Quarterly	12/20/29	$	5,085,000	$	(255,363	)	$	(318,594	)	$	63,231
Morgan Stanley Capital Services LLC	CDX.NA.HY.43.V1 (25-35%)		5.00	%	Quarterly	12/20/29		5,085,000		(731,979	)		(765,190	)		33,211
									$	(987,342	)	$	(1,083,784	)	$	96,442

Centrally Cleared Interest Rate Swap Agreements^††

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.49	%	Annually	08/13/34	$	45,000,000	$	2,057,616		$	3,546	$	2,054,070
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.55	%	Annually	08/12/34		49,200,000		2,041,301			858,895		1,182,406
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.92	%	Annually	12/18/34		34,100,000		414,079			570		413,509
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.37	%	Annually	07/03/27		60,000,000		412,170			130		412,040
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.55	%	Annually	08/13/39		5,000,000		309,701			293		309,408
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		4.11	%	Annually	12/23/39		17,000,000		15,888			469		15,419
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	01/03/27		190,000,000		–			775		(775	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.00	%	Annually	12/03/26		220,000,000		(376,482	)		815		(377,297	)
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		4.36	%	Annually	10/16/30		121,000,000		(1,872,401	)		778		(1,873,179	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.45	%	Annually	10/01/26		185,800,000		(2,055,308	)		668		(2,055,976	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.85	%	Annually	08/12/26		532,000,000		(2,199,618	)		1,280		(2,200,898	)
											$	(1,253,054	)	$	868,219	$	(2,121,273	)

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Total Return Swap Agreements

Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements Sold Short††
Citibank, N.A.	iShares Core S&P 500 ETF	Receive	5.93% (Federal Funds Rate + 1.60%)	At Maturity	01/02/25		38,470	$	22,646,520	$	290,449

Forward Foreign Currency Exchange Contracts^††

Counterparty	Currency	Type	Quantity		Contract Amount		Settlement Date	Unrealized Appreciation (Depreciation)
Nomura Global Financial Products, Inc.	EUR	Sell		9,392,000		9,860,116 USD	01/17/25	$	122,781
Bank of America, N.A.	EUR	Sell		1,355,000		1,429,514 USD	02/27/25		22,229
Citibank, N.A.	GBP	Sell		1,240,000		1,571,859 USD	01/17/25		19,552
Barclays Bank plc	EUR	Sell		829,000		874,043 USD	02/27/25		13,056
Toronto-Dominion Bank	GBP	Sell		73,000		91,435 USD	01/17/25		49
Citibank, N.A.	GBP	Buy		75,000		93,866 USD	01/17/25		24
Barclays Bank plc	GBP	Buy		60,000		76,051 USD	01/17/25		(939	)
Bank of America, N.A.	GBP	Buy		188,000		238,252 USD	01/17/25		(2,903	)
								$	173,849

OTC Interest Rate Swaptions Purchased

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate		Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.60%	10/31/25		3.60%	$	122,735,200	$	505,106
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.23%	10/28/25		3.23%		120,230,400		293,017
											$	798,123
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.48%	10/28/25		3.23%	$	120,230,400	$	477,439
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.85%	10/31/25		4.85%		122,735,200		288,806
											$	766,245

OTC Interest Rate Swaptions Written

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate		Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		2.73%	10/28/25		2.73%	$	120,230,400	$	(146,040	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		3.10%	10/31/25		3.10%		122,735,200		(250,241	)
											$	(396,281	)
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.60%	10/31/25		4.60%	$	122,735,200	$	(414,831	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.23%	10/28/25		4.23%		120,230,400		(678,308	)
											$	(1,093,139	)

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Rate indicated is the 7-day yield as of December 31, 2024.
3	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $2,323,315,356 (cost $2,377,306,788), or 49.9% of total net assets.
4	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
5	Perpetual maturity.
6	Security is unsettled at period end and does not have a stated effective rate.
7	Security is an interest-only strip.
8	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
9	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
10	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $50 (cost $0), or 0.0% of total net assets — See Note 6.
11	Payment-in-kind security.
12	Face amount of security is adjusted for inflation.
13	Swaptions – See additional disclosure in the swaptions table above for more information on swaptions.

BofA — Bank of America

CDX.NA.HY.43.V1 — Credit Default Swap North American High Yield Series 43 Index Version 1

CDX.NA.IG.43.V1 — Credit Default Swap North American Investment Grade Series 43 Index Version 1

CME — Chicago Mercantile Exchange

EUR — Euro

EURIBOR — European Interbank Offered Rate

GBP — British Pound

ICE — Intercontinental Exchange

ITRAXX.EUR.42.V1 — iTraxx Europe Series 42 Index Version 1

plc — Public Limited Company

REMIC — Real Estate Mortgage Investment Conduit

REIT — Real Estate Investment Trust

SARL —  Société à Responsabilité Limitée

SOFR — Secured Overnight Financing Rate

SONIA — Sterling Overnight Index Average

WAC — Weighted Average Coupon

See Sector Classification in Other Information section. 

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The following table summarizes the inputs used to value the Fund’s investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stock	$	19,943	$	—	$	—	$	19,943
Preferred Stocks		201,600		20,369,737		—		20,571,337
Warrant		177		—		—		177
Exchange-Traded Fund		22,646,520		—		—		22,646,520
Mutual Funds		101,384,308		—		—		101,384,308
Money Market Funds		42,372,535		—		—		42,372,535
Corporate Bonds		—		1,452,177,855		26,748,687		1,478,926,542
Collateralized Mortgage Obligations		—		1,395,200,782		—		1,395,200,782
Asset-Backed Securities		—		999,300,398		114,731,246		1,114,031,644
U.S. Government Securities		—		1,013,508,048		—		1,013,508,048
Senior Floating Rate Interests		—		104,555,387		9,693,834		114,249,221
Municipal Bonds		—		10,139,252		—		10,139,252
Options Purchased		—		2,607,666		—		2,607,666
Interest Rate Swaptions Purchased		—		1,564,368		—		1,564,368
Credit Default Swap Agreements**		—		99,863		—		99,863
Interest Rate Swap Agreements**		—		4,386,852		—		4,386,852
Forward Foreign Currency Exchange Contracts**		—		177,691		—		177,691
Equity Index Swap Agreements**		—		290,449		—		290,449
Total Assets	$	166,625,083	$	5,004,378,348	$	151,173,767	$	5,322,177,198

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swaptions Written	$	—	$	1,489,420	$	—	$	1,489,420
Credit Default Swap Agreements**		—		113,592		—		113,592
Interest Rate Swap Agreements**		—		6,508,125		—		6,508,125
Forward Foreign Currency Exchange Contracts**		—		3,842		—		3,842
Unfunded Loan Commitments (Note 5)		—		—		27,693		27,693
Total Liabilities	$	—	$	8,114,979	$	27,693	$	8,142,672

^** This derivative is reported as unrealized appreciation/depreciation at period end.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2024		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Asset-Backed Securities	$	55,813,432	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		30,648,450	Yield Analysis	Yield	6.2%-7.6%	7.2%
Asset-Backed Securities		26,069,364	Third Party Pricing	Broker Quote	—	—
Asset-Backed Securities		2,200,000	Third Party Pricing	Trade Price	—	—
Corporate Bonds		17,684,611	Yield Analysis	Yield	6.4%-6.7%	6.5%
Corporate Bonds		9,064,076	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Senior Floating Rate Interests		5,590,075	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		4,103,759	Yield Analysis	Yield	8.8%-10.0%	9.2%
Total Assets	$	151,173,767
Liabilities:
Unfunded Loan Commitments	$	27,693	Model Price	Purchase Price	—	—

^* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote or yield would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2024, the Fund had securities with a total value of $2,081,325 transfer into Level 3 from Level 2 due to a lack of observable inputs.

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Summary of Fair Value Level 3 Activity 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2024:

	Assets												Liabilities
		Asset-Backed Securities			Corporate Bonds			Senior Floating Rate Interests			Total Assets			Unfunded Loan Commitments
Beginning Balance	$	127,702,527		$	27,399,772		$	3,291,684		$	158,393,983		$	(4,105	)
Purchases/(Receipts)		14,636,234			-			4,402,011			19,038,245			(1,859	)
(Sales, maturities and paydowns)/Fundings		(26,161,571	)		(296,857	)		(12,722	)		(26,471,150	)		5,409
Amortization of premiums/discounts		10,010			5,016			597			15,623			4,175
Total realized gains (losses) included in earnings		46,001			-			(40	)		45,961			738
Total change in unrealized appreciation (depreciation) included in earnings		(1,501,955	)		(359,244	)		(69,021	)		(1,930,220	)		(32,051	)
Transfers into Level 3		-			-			2,081,325			2,081,325			-
Transfers out of Level 3		-			-			-			-			-
Ending Balance	$	114,731,246		$	26,748,687		$	9,693,834		$	151,173,767		$	(27,693	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2024	$	(1,501,955	)	$	(359,244	)	$	18,018		$	(1,843,181	)	$	873

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date	Future Reset Rate			Future Reset Date
Angel Oak Mortgage Trust 2024-12, 5.86% due 10/25/69		6.86	%	11/01/28		—			—
Angel Oak Mortgage Trust 2024-4, 6.20% due 01/25/69		7.20	%	03/01/28		—			—
ATLX Trust 2024-RPL2, 3.85% due 04/25/63		4.85	%	10/01/28		—			—
BRAVO 2024-NQM6, 5.66% due 08/01/64		6.66	%	08/01/28		—			—
BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70		6.13	%	01/30/25		—			—
Citigroup Mortgage Loan Trust, Inc. 2022-A, 6.17% due 09/25/62		9.17	%	09/25/25		10.17	%		09/25/26
COLT Mortgage Loan Trust 2024-2, 6.13% due 04/25/69		7.13	%	03/01/28		—			—
GCAT Trust 2024-NQM2, 6.09% due 06/25/59		7.36	%	05/01/28		—			—
JP Morgan Mortgage Trust 2024-NQM1, 5.59% due 02/25/64		6.59	%	12/01/28		—			—
Legacy Mortgage Asset Trust 2021-GS5, 5.25% due 07/25/67		6.25	%	11/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS4, 4.65% due 11/25/60		5.65	%	08/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS2, 4.75% due 04/25/61		5.75	%	04/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS3, 4.75% due 07/25/61		5.75	%	05/25/25		—			—
LHOME Mortgage Trust 2024-RTL5, 5.32% due 09/25/39		6.32	%	03/25/27		—			—
Mill City Securities Ltd. 2024-RS2, 3.00% due 08/01/69		6.00	%	12/01/27		—			—
Mill City Securities Ltd. 2024-RS1, 3.00% due 11/01/69		6.00	%	10/01/27		—			—
NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62		8.25	%	07/01/25		9.25	%		07/01/26
NYMT Loan Trust 2021-SP1, 4.67% due 08/25/61		5.67	%	08/01/25		—			—
OBX Trust 2024-NQM8, 6.23% due 05/25/64		7.23	%	05/01/28		—			—
OBX Trust 2024-NQM5, 5.99% due 01/25/64		6.99	%	03/01/28		—			—
OBX Trust 2024-NQM18, 5.66% due 10/25/64		6.66	%	11/01/28		—			—
OBX Trust 2024-NQM9, 6.28% due 01/25/64		7.46	%	06/01/28		—			—
OBX Trust 2022-NQM9, 6.45% due 09/25/62		7.45	%	11/01/26		—			—
OBX Trust 2024-NQM17, 5.86% due 11/25/64		6.86	%	11/01/28		—			—
OSAT Trust 2021-RPL1, 5.12% due 05/25/65		6.12	%	06/25/25		—			—
PRPM LLC 2022-1, 3.72% due 02/25/27		6.72	%	02/25/25		7.72	%		02/25/26
PRPM LLC 2024-6, 5.70% due 11/25/29		8.70	%	11/25/27		9.70	%		11/25/28
PRPM LLC 2021-5, 4.79% due 06/25/26		5.79	%	06/25/25		—			—
PRPM LLC 2024-4, 6.41% due 08/25/29		9.41	%	08/25/27		10.41	%		08/25/28
RCKT Mortgage Trust 2024-CES4, 6.15% due 06/25/44		7.15	%	05/01/28		—			—
Verus Securitization Trust 2024-5, 6.45% due 06/25/69		7.45	%	06/01/28		—			—
Vista Point Securitization Trust 2024-CES3, 5.68% due 01/25/55		6.68	%	12/01/28		—			—

Limited Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated person, as defined in the Investment Company Act of 1940 ("affiliated issuer").

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short-term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2024 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000139834424022509/fp0090292-6_ncsrixbrl.htm. The Fund also may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended December 31, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/24		Additions		Reductions			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value 12/31/24		Shares 12/31/24		Investment Income
Mutual Funds
Guggenheim Strategy Fund II	$	33,714,995	$	499,244	$	(700,000	)	$	–	$	68,805		$	33,583,044		1,351,430	$	494,282
Guggenheim Strategy Fund III		33,817,254		485,064		–			–		68,384			34,370,702		1,378,136		479,853
Guggenheim Ultra Short Duration Fund — Institutional Class		33,031,793		431,442		–			–		(32,673	)		33,430,562		3,339,716		427,077
	$	100,564,042	$	1,415,750	$	(700,000	)	$	–	$	104,516		$	101,384,308			$	1,401,212

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
COMMON STOCKS† - 0.1%
Consumer, Non-cyclical - 0.1%
Endo, Inc.*		146,283	$	3,583,934
Cengage Learning Holdings II, Inc.*,††		21,660		424,168
Save-A-Lot*,†††		1,053,728		105
Total Consumer, Non-cyclical				4,008,207
Industrial - 0.0%
API Heat Transfer Intermediate*,†††		743		1,004,833
Schur Flexibles GesmbH*,††		1,661		178,703
YAK BLOCKER 2 LLC*,†††		74,424		120,439
YAK BLOCKER 2 LLC*,†††		68,788		111,318
BP Holdco LLC*,†††,1		37,539		45,503
Vector Phoenix Holdings, LP*,†††		37,539		794
Targus, Inc.*,†††		12,773		226
Total Industrial				1,461,816
Communications - 0.0%
Xplore, Inc.*,††		204,119		1,020,595
Vacasa, Inc. — Class A*		25,191		123,435
Total Communications				1,144,030
Consumer, Cyclical - 0.0%
SHO Holding I Corp.*,†††		1,150		903,398
ATD New Holdings, Inc.*,†††		42,478		42
Total Consumer, Cyclical				903,440
Financial - 0.0%
Checkers Holdings, Inc.*,†††		158,620		631,308
Pershing Square Tontine Holdings, Ltd. — Class A*,†††,2		6,864,930		686
Endo Luxembourg Finance Co I SARL / Endo US, Inc.*,†††,3		4,400,000		440
Endo Luxembourg Finance Co I SARL / Endo US, Inc.*,†††,3		1,825,000		183
Total Financial				632,617
Energy - 0.0%
Permian Production Partners LLC*,†††		573,522		4,794
Total Common Stocks
(Cost $15,304,687)				8,154,904
PREFERRED STOCKS† - 4.2%
Financial - 3.2%
Citigroup, Inc.††
3.88%		30,600,000		29,710,157
4.00%		13,100,000		12,754,468
Wells Fargo & Co.††
3.90%		25,750,000		25,019,222
6.85%		8,250,000		8,515,242
Goldman Sachs Group, Inc.††
4.13%		20,500,000		19,592,405
7.50%		10,750,000		11,214,556
Markel Group, Inc.††
6.00%		29,050,000		28,995,621
Equitable Holdings, Inc.††
4.95%		22,819,000		22,687,058
Bank of New York Mellon Corp.††
3.75%		20,550,000		19,421,289
Charles Schwab Corp.††
4.00%		18,700,000		16,143,729
Kuvare US Holdings, Inc.††
7.00% due 02/17/514		14,492,000		14,510,115
Bank of America Corp.††
4.38%		13,850,000		13,335,364
MetLife, Inc.††
3.85%		12,200,000		11,977,596
Jackson Financial, Inc.
8.00%		284,000		7,429,440
CNO Financial Group, Inc.
5.13% due 11/25/60		321,950		6,155,684
Selective Insurance Group, Inc.
4.60%		246,000		4,260,720
Corebridge Financial, Inc.
6.38% due 12/15/64		12,765		325,380
American National Group, Inc.
8.37%		9,800		246,960
First Republic Bank††
4.25%*		803,675		482
4.50%*		238,300		95
Total Financial				252,295,583
Government - 0.4%
CoBank ACB††
4.25%		20,000,000		19,038,488
7.13%		5,000,000		5,083,080
Farmer Mac
5.75%		272,820		6,092,071
Total Government				30,213,639
Communications - 0.4%
AT&T Mobility II LLC
6.80%*,†††		27,000		27,496,800
Energy - 0.2%
Venture Global LNG, Inc.††
9.00%4		18,150,000		18,976,624
Total Preferred Stocks
(Cost $365,302,368)				328,982,646
WARRANTS† - 0.0%
Ginkgo Bioworks Holdings, Inc.
Expiring 09/16/26*		128,004		1,152
Pershing Square SPARC Holdings, Ltd*,†††,2		1,716,232		172
Pershing Square Tontine Holdings, Ltd. — Class A
Expiring 07/24/25*,†††,2		762,770		76
Total Warrants
(Cost $296,403)				1,400
EXCHANGE-TRADED FUNDS***,† - 0.9%
SPDR S&P 500 ETF Trust		125,000		73,260,000
Total Exchange-Traded Funds
(Cost $65,397,500)				73,260,000
MUTUAL FUNDS† - 4.8%
Guggenheim Limited Duration Fund — Class R61		5,518,325		134,591,944
Guggenheim Strategy Fund III1		2,687,565		67,027,875

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
MUTUAL FUNDS† - 4.8% (continued)
Guggenheim Strategy Fund II1		2,239,452	$	55,650,393
Guggenheim Ultra Short Duration Fund — Institutional Class1		5,355,337		53,606,923
NAA Risk Managed Real Estate Fund17		1,125,825		36,217,794
NAA Opportunity Fund17		1,032,035		32,271,732
Total Mutual Funds
(Cost $374,058,151)				379,366,661
MONEY MARKET FUNDS***,† - 2.2%
Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.34%5		159,494,496		159,494,496
Western Asset Institutional U.S. Treasury Reserves — Institutional Shares, 4.33%5		12,177,947		12,177,947
Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 4.30%5		2,646,306		2,646,306
Total Money Market Funds
(Cost $174,318,749)				174,318,749
		Face Amount~
CORPORATE BONDS†† - 28.3%
Financial - 9.1%
Pershing Square Holdings Ltd.
3.25% due 10/01/314		31,500,000		25,918,973
3.25% due 11/15/30		12,120,000		10,382,213
Jane Street Group / JSG Finance, Inc.
7.13% due 04/30/314		33,375,000		34,298,379
Wilton RE Ltd.
6.00%4,6,7		28,503,000		28,524,264
Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.
3.88% due 03/01/314		21,650,000		18,863,578
2.88% due 10/15/264		9,250,000		8,776,536
GLP Capital Limited Partnership / GLP Financing II, Inc.
4.00% due 01/15/31		22,640,000		20,707,987
5.30% due 01/15/29		6,950,000		6,899,618
Liberty Mutual Group, Inc.
4.30% due 02/01/614		36,940,000		22,794,007
CBS Studio Center
7.45% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 02/09/25◊,†††		22,000,000		21,961,069
Host Hotels & Resorts, LP
3.50% due 09/15/30		24,000,000		21,735,413
Jefferies Finance LLC / JFIN Company-Issuer Corp.
5.00% due 08/15/284		23,000,000		21,574,860
Iron Mountain, Inc.
5.63% due 07/15/324		20,000,000		19,105,287
4.50% due 02/15/314		925,000		845,644
FS KKR Capital Corp.
3.25% due 07/15/27		21,000,000		19,918,608
United Wholesale Mortgage LLC
5.50% due 04/15/294		8,650,000		8,332,103
5.50% due 11/15/254		6,300,000		6,268,969
5.75% due 06/15/274		4,550,000		4,494,281
LPL Holdings, Inc.
4.00% due 03/15/294		14,788,000		14,004,919
4.38% due 05/15/314		5,500,000		5,073,153
OneMain Finance Corp.
9.00% due 01/15/29		7,150,000		7,581,646
4.00% due 09/15/30		7,250,000		6,443,528
7.88% due 03/15/30		2,225,000		2,321,025
7.13% due 03/15/26		2,000,000		2,035,924
Starwood Property Trust, Inc.
4.38% due 01/15/274		19,000,000		18,369,956
Mitsubishi UFJ Financial Group, Inc.
5.42% due 02/22/297		18,050,000		18,304,766
Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer
6.50% due 10/01/314		14,770,000		14,624,123
7.00% due 01/15/314		3,475,000		3,488,573
Encore Capital Group, Inc.
8.50% due 05/15/304		12,100,000		12,727,870
9.25% due 04/01/294		4,450,000		4,741,043
SLM Corp.
3.13% due 11/02/26		14,787,000		14,105,701
4.20% due 10/29/25		1,671,000		1,656,063
Global Atlantic Finance Co.
4.70% due 10/15/514,7		11,350,000		10,961,904
7.95% due 06/15/334		2,289,000		2,534,420
6.75% due 03/15/544		2,091,000		2,121,981
Sherwood Financing plc
7.63% due 12/15/294	EUR	12,190,000		12,613,764
8.36% (3 Month EURIBOR + 5.50%, Floor Rate: 0.00%) due 12/15/29◊	EUR	2,882,000		2,891,974
PennyMac Financial Services, Inc.
7.13% due 11/15/304		9,275,000		9,392,869
7.88% due 12/15/294		3,675,000		3,850,308
5.38% due 10/15/254		1,819,000		1,814,118
Focus Financial Partners LLC
6.75% due 09/15/314		14,035,000		13,979,230
Hampton Roads PPV LLC
6.62% due 06/15/53†††,4		16,455,000		13,219,728

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 28.3% (continued)
Financial - 9.1% (continued)
Kennedy-Wilson, Inc.
5.00% due 03/01/31		14,669,000	$	12,825,192
4.75% due 02/01/30		250,000		221,143
4.75% due 03/01/29		25,000		22,582
Hunt Companies, Inc.
5.25% due 04/15/294		13,700,000		12,985,533
MidCap Funding XLVI Trust
8.01% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 04/15/27◊,†††		12,440,000		12,440,000
Lloyds Banking Group plc
5.87% due 03/06/297		12,100,000		12,325,013
First American Financial Corp.
4.00% due 05/15/30		11,760,000		10,961,975
State Street Corp.
6.70%6,7		9,590,000		9,786,936
Nationstar Mortgage Holdings, Inc.
5.00% due 02/01/264		9,810,000		9,713,828
Galaxy Bidco Ltd.
8.13% due 12/19/294	GBP	7,500,000		9,447,403
Farmers Insurance Exchange
7.00% due 10/15/644,7		7,830,000		8,072,472
QBE Insurance Group Ltd.
5.88% 4,6,7		7,550,000		7,541,823
QTS Good News Facility
7.80% (3 Month Term SOFR + 3.00%, Rate Floor: 0.00%) due 10/09/28◊		7,478,457		7,478,457
VFH Parent LLC / Valor Company-Issuer, Inc.
7.50% due 06/15/314		7,150,000		7,354,150
Ryan Specialty LLC
5.88% due 08/01/324		6,950,000		6,876,629
Stewart Information Services Corp.
3.60% due 11/15/31		7,788,000		6,742,621
Toronto-Dominion Bank
8.13% due 10/31/827		6,300,000		6,566,617
UWM Holdings LLC
6.63% due 02/01/304		6,500,000		6,459,843
Americo Life, Inc.
3.45% due 04/15/314		7,470,000		6,271,312
PartnerRe Finance B LLC
4.50% due 10/01/507		6,460,000		5,973,588
OneAmerica Financial Partners, Inc.
4.25% due 10/15/504		8,018,000		5,858,786
CNO Financial Group, Inc.
6.45% due 06/15/34		5,200,000		5,372,333
Cushman & Wakefield US Borrower LLC
6.75% due 05/15/284		5,303,000		5,307,817
Blue Owl Capital GP LLC
7.11% due 08/22/43†††		5,000,000		5,089,607
Bank of Nova Scotia
8.63% due 10/27/827		4,650,000		4,935,469
American National Group, Inc.
5.00% due 06/15/27		4,813,000		4,787,257
Goldman Sachs Group, Inc.
6.13%6,7		4,250,000		4,195,236
Globe Life, Inc.
5.85% due 09/15/34		2,780,000		2,795,609
2.15% due 08/15/30		1,560,000		1,320,702
Accident Fund Insurance Company of America
8.50% due 08/01/324		3,000,000		2,913,580
SBA Communications Corp.
3.13% due 02/01/29		3,100,000		2,798,170
Prudential Financial, Inc.
5.13% due 03/01/527		2,750,000		2,616,962
Jones Deslauriers Insurance Management, Inc.
10.50% due 12/15/304		1,700,000		1,837,912
Iron Mountain Information Management Services, Inc.
5.00% due 07/15/324		1,726,000		1,588,560
Atlas Mara Ltd.
due 12/31/21†††,8		1,183,303		1
Total Financial				711,745,493
Industrial - 3.3%
AP Grange Holdings
6.50% due 03/20/45†††		44,473,247		45,029,163
5.00% due 03/20/45†††		4,900,000		5,169,500
Homestead Spe Issuer LLC
7.21% due 04/01/55†††		18,000,000		18,000,000
Great Lakes Dredge & Dock Corp.
5.25% due 06/01/294		17,160,000		15,916,976
New Enterprise Stone & Lime Company, Inc.
5.25% due 07/15/284		9,081,000		8,772,539
9.75% due 07/15/284		5,350,000		5,471,113
XPO, Inc.
6.25% due 06/01/284		14,085,000		14,171,003
Standard Industries, Inc.
4.38% due 07/15/304		6,200,000		5,680,500
3.38% due 01/15/314		6,552,000		5,617,750
TransDigm, Inc.
6.75% due 08/15/284		7,000,000		7,061,066
6.88% due 12/15/304		4,050,000		4,110,242
Sealed Air Corporation/Sealed Air Corp US
6.13% due 02/01/284		11,105,000		11,141,953
Arcosa, Inc.
4.38% due 04/15/294		9,400,000		8,758,716
6.88% due 08/15/324		1,300,000		1,320,924
Dyal Capital Partners IV
3.65% due 02/22/41†††		10,950,000		9,447,946
Flowserve Corp.
3.50% due 10/01/30		10,270,000		9,368,701
GrafTech Finance, Inc.
4.63% due 12/23/294		10,000,000		8,055,000
Pactiv Evergreen Group Issuer Incorporated/Pactiv Evergreen Group Issuer LLC
4.00% due 10/15/274		7,943,000		7,877,201

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 28.3% (continued)
Industrial - 3.3% (continued)
Miter Brands Acquisition Holdco Incorporated / MIWD Borrower LLC
6.75% due 04/01/324		7,455,000	$	7,489,934
Atkore, Inc.
4.25% due 06/01/314		7,500,000		6,622,061
Deuce FinCo plc
5.50% due 06/15/274	GBP	5,350,000		6,544,828
GrafTech Global Enterprises, Inc.
9.88% due 12/23/294		6,520,000		5,802,800
TopBuild Corp.
3.63% due 03/15/294		5,550,000		5,080,866
Sealed Air Corp.
6.50% due 07/15/324		5,000,000		5,007,670
Artera Services LLC
8.50% due 02/15/314		4,525,000		4,361,520
Enviri Corp.
5.75% due 07/31/274		4,125,000		3,924,268
SCIL IV LLC / SCIL USA Holdings LLC
9.50% due 07/15/28	EUR	3,500,000		3,882,762
Wrangler Holdco Corp.
6.63% due 04/01/324		3,350,000		3,410,297
Boeing Co.
6.53% due 05/01/34		3,250,000		3,404,728
Ball Corp.
6.88% due 03/15/28		3,270,000		3,344,505
Summit Materials LLC / Summit Materials Finance Corp.
7.25% due 01/15/314		3,150,000		3,342,420
TK Elevator US Newco, Inc.
5.25% due 07/15/274		3,000,000		2,936,746
AmeriTex HoldCo Intermediate LLC
10.25% due 10/15/284		2,450,000		2,611,634
Enpro, Inc.
5.75% due 10/15/26		2,510,000		2,497,450
Builders FirstSource, Inc.
6.38% due 06/15/324		800,000		795,355
Brundage-Bone Concrete Pumping Holdings, Inc.
6.00% due 02/01/264		525,000		524,700
Total Industrial				262,554,837
Energy - 3.3%
BP Capital Markets plc
4.88%6,7		39,360,000		37,505,409
NuStar Logistics, LP
6.38% due 10/01/30		14,506,000		14,545,364
5.75% due 10/01/25		5,095,000		5,094,116
5.63% due 04/28/27		450,000		446,725
Midwest Connector Capital Company LLC
4.63% due 04/01/294		18,763,000		18,401,715
Parkland Corp.
4.63% due 05/01/304		20,000,000		18,358,118
ITT Holdings LLC
6.50% due 08/01/294		19,477,000		17,829,995
Occidental Petroleum Corp.
7.95% due 06/15/39		12,735,000		14,526,420
4.50% due 07/15/44		2,850,000		2,105,512
Cheniere Energy Partners, LP
5.75% due 08/15/344		16,340,000		16,448,481
CVR Energy, Inc.
8.50% due 01/15/294		15,975,000		15,323,051
Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp.
6.88% due 01/15/29		10,145,000		10,382,829
4.88% due 02/01/31		5,000,000		4,827,706
Buckeye Partners, LP
6.88% due 07/01/294		8,770,000		8,876,249
4.13% due 03/01/254		4,343,000		4,331,365
Venture Global LNG, Inc.
9.50% due 02/01/294		8,700,000		9,615,814
9.88% due 02/01/324		3,000,000		3,291,838
Hess Midstream Operations, LP
5.63% due 02/15/264		12,456,000		12,415,190
Global Partners Limited Partnership / GLP Finance Corp.
6.88% due 01/15/29		7,750,000		7,690,663
8.25% due 01/15/324		2,200,000		2,261,893
7.00% due 08/01/27		2,200,000		2,207,557
Viper Energy, Inc.
7.38% due 11/01/314		6,100,000		6,386,336
5.38% due 11/01/274		4,286,000		4,226,319
CQP Holdco Limited Partnership / BIP-V Chinook Holdco LLC
7.50% due 12/15/334		6,550,000		6,886,246
Kinetik Holdings, LP
5.88% due 06/15/304		6,100,000		6,004,255
Venture Global Calcasieu Pass LLC
3.88% due 11/01/334		2,198,000		1,888,352
4.13% due 08/15/314		760,000		680,602
3.88% due 08/15/294		510,000		468,546
HF Sinclair Corp.
6.38% due 04/15/27		2,689,000		2,728,600
Sunoco, LP
7.25% due 05/01/324		1,500,000		1,549,470
TransMontaigne Partners Limited Partnership / TLP Finance Corp.
6.13% due 02/15/26		950,000		944,356
Total Energy				258,249,092
Communications - 3.3%
Level 3 Financing, Inc.
4.50% due 04/01/304		19,794,000		16,412,262
11.00% due 11/15/294		5,431,914		6,110,465
4.00% due 04/15/314		7,600,000		5,985,000
10.75% due 12/15/304		2,600,000		2,900,694

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 28.3% (continued)
Communications - 3.3% (continued)
British Telecommunications plc
4.88% due 11/23/814,7		28,200,000	$	25,617,898
4.25% due 11/23/814,7		5,250,000		5,069,231
McGraw-Hill Education, Inc.
8.00% due 08/01/294		22,634,000		22,635,720
5.75% due 08/01/284		4,600,000		4,491,271
Altice France S.A.
5.13% due 07/15/294		13,250,000		9,922,434
5.50% due 10/15/294		11,760,000		8,808,558
Sunrise FinCo I B.V.
4.88% due 07/15/314		20,200,000		18,322,612
CSC Holdings LLC
4.13% due 12/01/304		20,672,000		14,850,012
4.63% due 12/01/304		2,715,000		1,418,459
Vodafone Group plc
5.13% due 06/04/817		16,875,000		12,822,251
CCO Holdings LLC / CCO Holdings Capital Corp.
4.50% due 06/01/334		14,265,000		12,002,396
Cable One, Inc.
4.00% due 11/15/304		12,575,000		10,507,392
AMC Networks, Inc.
4.25% due 02/15/29		10,200,000		8,006,684
10.25% due 01/15/294		2,125,000		2,256,278
Virgin Media Finance plc
5.00% due 07/15/304		11,400,000		9,648,382
Sirius XM Radio LLC
4.13% due 07/01/304		8,900,000		7,767,453
3.13% due 09/01/264		1,550,000		1,488,863
Cogent Communications Group Incorporated / Cogent Communications Finance, Inc.
7.00% due 06/15/274		8,550,000		8,552,755
Paramount Global
5.25% due 04/01/44		5,779,000		4,490,227
5.90% due 10/15/40		2,765,000		2,424,664
4.90% due 08/15/44		1,797,000		1,360,339
Match Group Holdings II LLC
4.63% due 06/01/284		7,700,000		7,332,589
Cogent Communications Group LLC
7.00% due 06/15/274		7,250,000		7,284,880
Telenet Finance Luxembourg Notes SARL
5.50% due 03/01/28		7,000,000		6,798,540
Virgin Media Vendor Financing Notes IV DAC
5.00% due 07/15/284		3,650,000		3,440,977
Charter Communications Operating LLC / Charter Communications Operating Capital
3.90% due 06/01/52		3,500,000		2,251,586
LCPR Senior Secured Financing DAC
5.13% due 07/15/294		2,447,000		1,963,595
Ziggo B.V.
4.88% due 01/15/304		1,685,000		1,548,252
Zayo Group Holdings, Inc.
4.00% due 03/01/274		700,000		645,581
Total Communications				255,138,300
Consumer, Cyclical - 3.0%
Hilton Domestic Operating Company, Inc.
4.00% due 05/01/314		15,900,000		14,299,530
3.63% due 02/15/324		4,150,000		3,605,009
5.75% due 05/01/284		525,000		524,881
Ferrellgas Limited Partnership / Ferrellgas Finance Corp.
5.38% due 04/01/264		16,778,000		16,601,636
Walgreens Boots Alliance, Inc.
3.45% due 06/01/26		15,450,000		14,954,704
Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.
5.00% due 06/01/314		11,350,000		10,118,192
5.88% due 03/01/27		660,000		654,802
Delta Air Lines, Inc.
7.00% due 05/01/254		10,536,000		10,580,543
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/274		9,850,000		9,912,084
1011778 BC ULC / New Red Finance, Inc.
4.00% due 10/15/304		9,333,000		8,346,855
Clarios Global Limited Partnership / Clarios US Finance Co.
6.25% due 05/15/264		8,299,000		8,296,930
Beacon Roofing Supply, Inc.
4.13% due 05/15/294		4,117,000		3,905,643
4.50% due 11/15/264		3,730,000		3,664,528
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.
6.25% due 03/15/334		7,425,000		7,294,959
Warnermedia Holdings, Inc.
6.41% due 03/15/26		7,200,000		7,202,870
Air Canada
4.63% due 08/15/294	CAD	5,550,000		3,823,630
3.88% due 08/15/264		3,364,000		3,268,496
Hyatt Hotels Corp.
5.75% due 04/23/30		6,530,000		6,667,615
Hanesbrands, Inc.
9.00% due 02/15/314		6,100,000		6,501,872
British Airways Class A Pass Through Trust
4.25% due 11/15/324		6,759,890		6,407,841
Papa John's International, Inc.
3.88% due 09/15/294		7,025,000		6,293,465

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 28.3% (continued)
Consumer, Cyclical - 3.0% (continued)
Penn Entertainment, Inc.
4.13% due 07/01/294		6,975,000	$	6,254,521
ONE Hotels GmbH
7.75% due 04/02/314	EUR	5,150,000		5,737,653
Six Flags Entertainment Corporation / Six Flags Theme Parks, Inc.
6.63% due 05/01/324		5,450,000		5,523,656
JB Poindexter & Company, Inc.
8.75% due 12/15/314		5,100,000		5,368,398
Boyne USA, Inc.
4.75% due 05/15/294		5,484,000		5,198,623
Ontario Gaming GTA Limited Partnership/OTG Company-Issuer, Inc.
8.00% due 08/01/304		4,525,000		4,651,655
American Airlines Class AA Pass Through Trust
3.58% due 01/15/28		2,017,419		1,939,937
3.35% due 10/15/29		1,037,129		971,534
3.65% due 02/15/29		946,628		900,929
3.15% due 02/15/32		907,026		820,402
Superior Plus Limited Partnership / Superior General Partner, Inc.
4.50% due 03/15/294		4,800,000		4,364,194
Asbury Automotive Group, Inc.
4.63% due 11/15/294		4,472,000		4,161,973
Allwyn Entertainment Financing UK plc
7.88% due 04/30/294		3,450,000		3,547,048
Station Casinos LLC
4.63% due 12/01/314		3,800,000		3,404,008
Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc.
6.63% due 03/01/304		3,500,000		3,349,267
Ritchie Bros Holdings, Inc.
6.75% due 03/15/284		2,950,000		3,016,050
PetSmart, Inc. / PetSmart Finance Corp.
4.75% due 02/15/284		2,800,000		2,641,787
AccorInvest Group S.A.
6.38% due 10/15/294	EUR	2,325,000		2,534,149
Gates Corp.
6.88% due 07/01/294		2,425,000		2,466,754
William Carter Co.
5.63% due 03/15/274		2,300,000		2,280,497
Air Canada Class A Pass Through Trust
5.25% due 04/01/294		1,950,859		1,944,394
United Airlines, Inc.
4.63% due 04/15/294		1,700,000		1,616,337
Acushnet Co.
7.38% due 10/15/284		1,500,000		1,550,216
Six Flags Theme Parks, Inc.
7.00% due 07/01/254		1,511,000		1,509,587
United Airlines Class AA Pass Through Trust
4.15% due 08/25/31		884,921		844,589
Wyndham Hotels & Resorts, Inc.
4.38% due 08/15/284		700,000		665,394
International Game Technology plc
4.13% due 04/15/264		624,000		613,506
Live Nation Entertainment, Inc.
6.50% due 05/15/274		571,000		577,274
Caesars Entertainment, Inc.
6.50% due 02/15/324		400,000		401,805
Aramark Services, Inc.
5.00% due 04/01/254		311,000		310,215
Newell Brands, Inc.
5.70% due 04/01/26		280,000		279,881
Total Consumer, Cyclical				232,372,318
Consumer, Non-cyclical - 2.9%
Medline Borrower, LP
3.88% due 04/01/294		18,246,000		16,895,560
JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL
5.50% due 01/15/30		7,050,000		7,037,018
4.38% due 02/02/52		6,500,000		4,898,697
3.75% due 12/01/31		3,400,000		3,016,732
Williams Scotsman, Inc.
6.13% due 06/15/254		12,750,000		12,702,187
7.38% due 10/01/314		1,950,000		2,006,481
Bausch Health Companies, Inc.
4.88% due 06/01/284		15,600,000		12,480,000
DaVita, Inc.
4.63% due 06/01/304		8,678,000		7,977,903
3.75% due 02/15/314		4,892,000		4,232,852
AZ Battery Property LLC
6.73% due 02/20/46†††		11,600,000		11,438,847
US Foods, Inc.
4.75% due 02/15/294		6,550,000		6,272,767
6.88% due 09/15/284		3,875,000		3,964,997
Prime Security Services Borrower LLC / Prime Finance, Inc.
3.38% due 08/31/274		6,861,000		6,416,903
5.75% due 04/15/264		3,020,000		3,018,308
Sotheby's/Bidfair Holdings, Inc.
5.88% due 06/01/294		9,400,000		8,335,829
Verisure Holding AB
5.50% due 05/15/304	EUR	7,450,000		8,027,056
CVS Health Corp.
7.00% due 03/10/557		7,770,000		7,796,071

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 28.3% (continued)
Consumer, Non-cyclical - 2.9% (continued)
Cheplapharm Arzneimittel GmbH
5.50% due 01/15/284		8,085,000	$	7,323,334
Option Care Health, Inc.
4.38% due 10/31/294		7,736,000		7,134,246
BCP V Modular Services Finance II plc
4.75% due 10/30/284	EUR	7,000,000		7,108,797
Nobel Bidco B.V.
3.13% due 06/15/28	EUR	7,050,000		6,903,171
HealthEquity, Inc.
4.50% due 10/01/294		6,555,000		6,144,359
Smithfield Foods, Inc.
3.00% due 10/15/304		7,000,000		6,047,847
Boost Newco Borrower LLC
7.50% due 01/15/314		5,275,000		5,530,097
Sammontana Italia S.p.A.
6.97% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 10/15/31◊	EUR	4,900,000		5,102,580
CPI CG, Inc.
10.00% due 07/15/294		4,685,000		5,005,538
ADT Security Corp.
4.88% due 07/15/324		5,150,000		4,726,607
Central Garden & Pet Co.
4.13% due 04/30/314		5,300,000		4,686,794
TriNet Group, Inc.
7.13% due 08/15/314		4,465,000		4,546,616
Graham Holdings Co.
5.75% due 06/01/264		4,561,000		4,541,240
Carriage Services, Inc.
4.25% due 05/15/294		4,575,000		4,165,493
Chrome Bidco
3.50% due 05/31/284	EUR	4,800,000		4,111,383
CAB SELAS
3.38% due 02/01/284	EUR	4,100,000		3,945,321
Perrigo Finance Unlimited Co.
5.38% due 09/30/32	EUR	3,550,000		3,808,222
Darling Ingredients, Inc.
6.00% due 06/15/304		2,350,000		2,318,227
5.25% due 04/15/274		200,000		196,808
Belron UK Finance plc
5.75% due 10/15/294		1,700,000		1,682,505
4.63% due 10/15/294	EUR	700,000		742,721
Molina Healthcare, Inc.
4.38% due 06/15/284		1,770,000		1,677,436
Tenet Healthcare Corp.
4.63% due 06/15/28		975,000		933,063
5.13% due 11/01/27		550,000		538,655
Upbound Group, Inc.
6.38% due 02/15/294		1,450,000		1,409,555
Altria Group, Inc.
4.45% due 05/06/50		1,670,000		1,295,102
WW International, Inc.
4.50% due 04/15/294		6,335,000		1,264,435
Concentra Escrow Issuer Corp.
6.88% due 07/15/324		1,120,000		1,143,475
AMN Healthcare, Inc.
4.63% due 10/01/274		620,000		589,042
Total Consumer, Non-cyclical				231,140,877
Basic Materials - 1.4%
Alcoa Nederland Holding B.V.
5.50% due 12/15/274		15,125,000		15,178,994
6.13% due 05/15/284		7,450,000		7,443,464
4.13% due 03/31/294		4,900,000		4,570,912
Kaiser Aluminum Corp.
4.50% due 06/01/314		13,250,000		11,679,890
4.63% due 03/01/284		650,000		611,149
International Flavors & Fragrances, Inc.
1.23% due 10/01/254		11,950,000		11,616,539
Minerals Technologies, Inc.
5.00% due 07/01/284		11,280,000		10,857,000
SK Invictus Intermediate II SARL
5.00% due 10/30/294		11,525,000		10,737,279
SCIL IV LLC / SCIL USA Holdings LLC
5.38% due 11/01/264		10,375,000		10,161,354
Carpenter Technology Corp.
6.38% due 07/15/28		8,315,000		8,316,264
Novelis Corp.
3.25% due 11/15/264		5,670,000		5,400,706
HB Fuller Co.
4.25% due 10/15/28		5,250,000		4,937,811
Novelis Sheet Ingot GmbH
3.38% due 04/15/29	EUR	4,500,000		4,474,915
Arsenal AIC Parent LLC
8.00% due 10/01/304		3,800,000		3,932,228
Ingevity Corp.
3.88% due 11/01/284		1,000,000		914,254
Mirabela Nickel Ltd.
due 06/24/19†††,3,8		1,885,418		9,427
Total Basic Materials				110,842,186
Utilities - 1.0%
Terraform Global Operating, LP
6.13% due 03/01/264		16,660,000		16,616,692
AmeriGas Partners Limited Partnership / AmeriGas Finance Corp.
5.88% due 08/20/26		17,145,000		16,521,813
Algonquin Power & Utilities Corp.
5.37% due 06/15/26		12,300,000		12,359,374
AES Corp.
3.95% due 07/15/304		7,554,000		6,963,305
2.45% due 01/15/31		2,426,000		2,021,604
Clearway Energy Operating LLC
3.75% due 02/15/314		9,409,000		8,193,266
Alexander Funding Trust II
7.47% due 07/31/284		7,750,000		8,181,673
NRG Energy, Inc.
7.00% due 03/15/334		6,950,000		7,501,998

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 28.3% (continued)
Utilities - 1.0% (continued)
DPL, Inc.
4.13% due 07/01/25		2,334,000	$	2,300,610
Total Utilities				80,660,335
Technology - 1.0%
Qorvo, Inc.
3.38% due 04/01/314		9,225,000		7,889,698
4.38% due 10/15/29		7,833,000		7,346,040
TeamSystem SpA
6.93% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 02/15/28◊	EUR	11,750,000		12,216,493
Booz Allen Hamilton, Inc.
3.88% due 09/01/284		11,800,000		11,187,809
Dye & Durham Ltd.
8.63% due 04/15/294		7,338,000		7,695,823
Playtika Holding Corp.
4.25% due 03/15/294		5,850,000		5,303,034
Cloud Software Group, Inc.
6.50% due 03/31/294		5,300,000		5,202,177
Capstone Borrower, Inc.
8.00% due 06/15/304		3,525,000		3,648,763
Twilio, Inc.
3.88% due 03/15/31		4,000,000		3,587,416
Central Parent LLC / CDK Global II LLC / CDK Financing Company, Inc.
8.00% due 06/15/294		3,050,000		3,093,966
Amentum Holdings, Inc.
7.25% due 08/01/324		2,845,000		2,866,530
ACI Worldwide, Inc.
5.75% due 08/15/264		2,348,000		2,343,767
PTC, Inc.
3.63% due 02/15/254		1,830,000		1,825,068
SS&C Technologies, Inc.
5.50% due 09/30/274		1,570,000		1,554,946
Fair Isaac Corp.
5.25% due 05/15/264		1,375,000		1,371,205
NCR Voyix Corp.
5.13% due 04/15/294		1,122,000		1,073,474
MSCI, Inc.
3.88% due 02/15/314		883,000		808,427
TeamSystem S.p.A.
6.68% due 07/31/31	EUR	350,000		364,470
Total Technology				79,379,106
Total Corporate Bonds
(Cost $2,360,587,630)				2,222,082,544
ASSET-BACKED SECURITIES†† - 18.9%
Collateralized Loan Obligations - 10.3%
Fortress Credit Opportunities IX CLO Ltd.
2021-9A CR, 7.72% (3 Month Term SOFR + 3.06%, Rate Floor: 2.80%) due 10/15/33◊,4		35,000,000		35,046,952
2021-9A DR, 8.87% (3 Month Term SOFR + 4.21%, Rate Floor: 3.95%) due 10/15/33◊,4		7,750,000		7,792,389
2021-9A A2TR, 6.72% (3 Month Term SOFR + 2.06%, Rate Floor: 1.80%) due 10/15/33◊,4		2,950,000		2,955,436
FS Rialto
2021-FL3 D, 7.01% (1 Month Term SOFR + 2.61%, Rate Floor: 2.61%) due 11/16/36◊,4		36,500,000		35,984,930
2021-FL2 D, 7.31% (1 Month Term SOFR + 2.91%, Rate Floor: 2.91%) due 05/16/38◊,4		8,850,000		8,475,990
Palmer Square Loan Funding Ltd.
2022-1A B, 6.65% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/15/30◊,4		26,200,000		26,243,510
2021-3A C, 7.38% (3 Month Term SOFR + 2.76%, Rate Floor: 2.76%) due 07/20/29◊,4		8,300,000		8,362,218
2022-1A C, 7.25% (3 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 04/15/30◊,4		3,400,000		3,420,436
LCCM Trust
2021-FL3 C, 7.11% (1 Month Term SOFR + 2.71%, Rate Floor: 2.71%) due 11/15/38◊,4		28,865,000		28,484,250
2021-FL2 D, 7.41% (1 Month Term SOFR + 3.01%, Rate Floor: 3.01%) due 12/13/38◊,4		5,750,000		5,408,147
LoanCore Issuer Ltd.
2021-CRE6 D, 7.36% (1 Month Term SOFR + 2.96%, Rate Floor: 2.85%) due 11/15/38◊,4		11,300,000		11,194,988
2021-CRE5 D, 7.51% (1 Month Term SOFR + 3.11%, Rate Floor: 3.11%) due 07/15/36◊,4		8,250,000		8,193,061
2022-CRE7 D, 7.70% (30 Day Average SOFR + 3.10%, Rate Floor: 3.10%) due 01/17/37◊,4		6,400,000		6,249,723
2021-CRE5 C, 6.86% (1 Month Term SOFR + 2.46%, Rate Floor: 2.46%) due 07/15/36◊,4		3,400,000		3,426,472

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.9% (continued)
Collateralized Loan Obligations - 10.3% (continued)
BXMT Ltd.
2020-FL2 C, 6.15% (1 Month Term SOFR + 1.76%, Rate Floor: 1.76%) due 02/15/38◊,4		15,640,000	$	14,533,332
2020-FL2 D, 6.45% (1 Month Term SOFR + 2.06%, Rate Floor: 2.06%) due 02/15/38◊,4		8,000,000		6,888,201
2020-FL3 D, 7.30% (1 Month Term SOFR + 2.91%, Rate Floor: 2.91%) due 11/15/37◊,4		7,350,000		6,396,513
Fontainbleau Vegas
10.13% (1 Month Term SOFR + 5.65%, Rate Floor: 1.00%) due 01/31/26◊,†††		26,499,999		26,500,000
ACRES Commercial Realty Ltd.
2021-FL2 D, 7.60% (1 Month Term SOFR + 3.21%, Rate Floor: 3.21%) due 01/15/37◊,4		8,350,000		8,283,190
2021-FL1 D, 7.15% (1 Month Term SOFR + 2.76%, Rate Floor: 2.76%) due 06/15/36◊,4		7,250,000		6,870,964
2021-FL2 C, 7.15% (1 Month Term SOFR + 2.76%, Rate Floor: 2.76%) due 01/15/37◊,4		6,500,000		6,362,165
2021-FL2 B, 6.75% (1 Month Term SOFR + 2.36%, Rate Floor: 2.36%) due 01/15/37◊,4		3,500,000		3,484,438
Cerberus Loan Funding XLVII LLC
2024-3A C, 7.21% (3 Month Term SOFR + 2.55%, Rate Floor: 2.55%) due 07/15/36◊,4		20,150,000		20,455,047
2024-3A D, 9.01% (3 Month Term SOFR + 4.35%, Rate Floor: 4.35%) due 07/15/36◊,4		3,900,000		3,916,069
Cerberus Loan Funding XLIV LLC
2024-5A C, 8.86% (3 Month Term SOFR + 4.20%, Rate Floor: 4.20%) due 01/15/36◊,4		22,800,000		23,412,812
Cerberus Loan Funding XLII LLC
2023-3A C, 8.80% (3 Month Term SOFR + 4.15%, Rate Floor: 4.15%) due 09/13/35◊,4		21,550,000		21,874,687
MidOcean Credit CLO VII
2020-7A CR, 7.12% (3 Month Term SOFR + 2.46%, Rate Floor: 0.00%) due 07/15/29◊,4		21,000,000		21,050,356
Golub Capital Partners CLO Ltd.
2018-36A C, 6.92% (3 Month Term SOFR + 2.36%, Rate Floor: 0.00%) due 02/05/31◊,4		20,000,000		20,013,738
BSPDF Issuer Ltd.
2021-FL1 D, 7.26% (1 Month Term SOFR + 2.86%, Rate Floor: 2.75%) due 10/15/36◊,4		19,975,000		19,469,700
BSPRT Issuer Ltd.
2021-FL6 D, 7.51% (1 Month Term SOFR + 3.11%, Rate Floor: 3.00%) due 03/15/36◊,4		18,425,000		16,691,189
2021-FL7 D, 7.26% (1 Month Term SOFR + 2.86%, Rate Floor: 2.86%) due 12/15/38◊,4		1,600,000		1,572,571
Golub Capital Partners CLO 49M Ltd.
2021-49A D, 8.73% (3 Month Term SOFR + 4.11%, Rate Floor: 4.11%) due 08/26/33◊,4		18,100,000		18,201,715
Voya CLO Ltd.
2021-2A CR, 8.52% (3 Month Term SOFR + 3.86%, Rate Floor: 3.60%) due 06/07/30◊,4		16,500,000		16,590,077
2013-1A INC, due 10/15/304,9		28,970,307		1,107,535
Owl Rock CLO I LLC
2024-1A C, 8.77% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 02/20/36◊,4		17,250,000		17,669,798
Cerberus Loan Funding XLV LLC
2024-1A C, 7.81% (3 Month Term SOFR + 3.15%, Rate Floor: 3.15%) due 04/15/36◊,4		17,150,000		17,410,839
FS Rialto Issuer LLC
2024-FL9 C, 7.01% (1 Month Term SOFR + 2.64%, Rate Floor: 2.65%) due 10/19/39◊,4		10,450,000		10,424,196
2022-FL5 C, 8.29% (1 Month Term SOFR + 3.92%, Rate Floor: 3.92%) due 06/19/37◊,4		6,950,000		6,846,405

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.9% (continued)
Collateralized Loan Obligations - 10.3% (continued)
STWD Ltd.
2022-FL3 D, 7.35% (30 Day Average SOFR + 2.75%, Rate Floor: 2.75%) due 11/15/38◊,4		11,900,000	$	11,066,257
2021-FL2 D, 7.29% (1 Month Term SOFR + 2.91%, Rate Floor: 2.80%) due 04/18/38◊,4		3,750,000		3,504,023
Carlyle Direct Lending CLO LLC
2024-1A BR, 7.41% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 07/15/36◊,4		14,200,000		14,415,982
GoldenTree Loan Management US CLO 1 Ltd.
2024-9A DR, 7.97% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 04/20/37◊,4		13,500,000		13,727,417
Ares Direct Lending CLO 2 LLC
2024-2A D, 8.50% (3 Month Term SOFR + 3.90%, Rate Floor: 3.90%) due 10/20/36◊,4		13,050,000		13,357,150
Cerberus Loan Funding XL LLC
2023-1A C, 9.06% (3 Month Term SOFR + 4.40%, Rate Floor: 4.40%) due 03/22/35◊,4		12,750,000		12,938,945
Owl Rock CLO IX LLC
2024-9A CR, 6.82% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 11/22/37◊,4		12,550,000		12,616,309
Neuberger Berman Loan Advisers CLO 32 Ltd.
2021-32A DR, 7.58% (3 Month Term SOFR + 2.96%, Rate Floor: 2.70%) due 01/20/32◊,4		11,500,000		11,532,392
Fortress Credit BSL XV Ltd.
2024-2A CR, 7.23% (3 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 10/18/33◊,4		11,150,000		11,210,566
KREF Ltd.
2021-FL2 AS, 5.80% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/15/39◊,4		11,000,000		10,787,907
Owl Rock CLO XVI LLC
2024-16A C, 7.92% (3 Month Term SOFR + 3.30%, Rate Floor: 3.30%) due 04/20/36◊,4		10,150,000		10,307,105
THL Credit Lake Shore MM CLO I Ltd.
2021-1A CR, 7.92% (3 Month Term SOFR + 3.26%, Rate Floor: 3.00%) due 04/15/33◊,4		9,900,000		9,911,265
Golub Capital Partners CLO 16 Ltd.
2021-16A CR2, 7.79% (3 Month Term SOFR + 3.16%, Rate Floor: 2.90%) due 07/25/33◊,4		9,300,000		9,313,905
Ballyrock CLO 14 Ltd.
2021-14A SUB, (WAC) due 07/20/37◊,4		9,750,000		9,312,225
Cerberus Loan Funding XLVI, LP
2024-2A C, 7.71% (3 Month Term SOFR + 3.05%, Rate Floor: 3.05%) due 07/15/36◊,4		8,000,000		8,122,477
2024-2A D, 9.61% (3 Month Term SOFR + 4.95%, Rate Floor: 4.95%) due 07/15/36◊,4		1,000,000		1,022,329
BCC Middle Market CLO LLC
2021-1A A1R, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 10/15/33◊,4		9,000,000		9,024,628
CIFC Funding Ltd.
2021-2A DR, 7.98% (3 Month Term SOFR + 3.36%, Rate Floor: 3.10%) due 04/20/30◊,4		8,100,000		8,146,483
BSPRT Issuer LLC
2024-FL11 C, 7.04% (1 Month Term SOFR + 2.64%, Rate Floor: 2.64%) due 07/15/39◊,4		7,825,000		7,816,725
Madison Park Funding XLVIII Ltd.
2021-48A D, 7.88% (3 Month Term SOFR + 3.26%, Rate Floor: 3.26%) due 04/19/33◊,4		7,500,000		7,543,140
ACRE Commercial Mortgage Ltd.
2021-FL4 D, 7.09% (1 Month Term SOFR + 2.71%, Rate Floor: 2.60%) due 12/18/37◊,4		7,350,000		7,226,615

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.9% (continued)
Collateralized Loan Obligations - 10.3% (continued)
OCP CLO Ltd.
2024-38A SUB, (WAC) due 01/21/38◊,†††,4		8,250,000	$	7,118,458
Madison Park Funding LVIII Ltd.
2024-58A D, 8.28% (3 Month Term SOFR + 3.65%, Rate Floor: 3.65%) due 04/25/37◊,4		6,600,000		6,733,261
AGL CLO 35 Ltd.
2024-35A SUB, (WAC) due 01/21/38◊,4		7,750,000		6,675,075
Dryden 37 Senior Loan Fund
2015-37A Q, due 01/15/314,9		9,500,000		6,619,282
Cerberus Loan Funding XXXIII, LP
2021-3A C, 7.71% (3 Month Term SOFR + 3.06%, Rate Floor: 2.80%) due 07/23/33◊,4		5,900,000		5,906,599
ABPCI Direct Lending Fund CLO I LLC
2021-1A C2, 7.88% (3 Month Term SOFR + 3.26%, Rate Floor: 3.26%) due 07/20/33◊,4		5,550,000		5,559,601
Cerberus Loan Funding XLVIII LLC
2024-4A D, 8.30% (3 Month Term SOFR + 3.85%, Rate Floor: 3.85%) due 10/15/36◊,4		5,350,000		5,478,189
KREF Funding V LLC
6.26% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 06/25/26◊,†††		5,184,387		5,159,901
0.15% due 06/25/26†††,10		73,636,363		52,282
Cerberus Loan Funding XXXV, LP
2021-5A C, 7.52% (3 Month Term SOFR + 2.86%, Rate Floor: 2.60%) due 09/22/33◊,4		5,150,000		5,156,086
Hamlin Park CLO Ltd.
2024-1A SUB, (WAC) due 10/20/37◊,4		5,550,000		4,945,050
Venture XIV CLO Ltd.
2020-14A CRR, 7.03% (3 Month Term SOFR + 2.51%, Rate Floor: 2.25%) due 08/28/29◊,4		4,168,471		4,172,903
Neuberger Berman Loan Advisers CLO 40 Ltd.
2021-40A D, 7.66% (3 Month Term SOFR + 3.01%, Rate Floor: 2.75%) due 04/16/33◊,4		4,050,000		4,072,419
Neuberger Berman Loan Advisers CLO 57 Ltd.
2024-57A SUB, (WAC) due 10/24/38◊,4		4,250,000		3,748,500
Wellfleet CLO Ltd.
2021-3A C, 7.17% (3 Month Term SOFR + 2.51%, Rate Floor: 2.25%) due 01/15/35◊,4		3,400,000		3,405,547
Ares Direct Lending CLO 1 LLC
2024-1A B, 6.83% (3 Month Term SOFR + 2.20%, Rate Floor: 2.20%) due 04/25/36◊,4		2,750,000		2,809,133
HGI CRE CLO Ltd.
2021-FL2 D, 6.66% (1 Month Term SOFR + 2.26%, Rate Floor: 2.26%) due 09/17/36◊,4		1,600,000		1,584,800
2021-FL2 E, 6.96% (1 Month Term SOFR + 2.56%, Rate Floor: 2.56%) due 09/17/36◊,4		1,200,000		1,186,192
BDS Ltd.
2021-FL9 E, 7.09% (1 Month Term SOFR + 2.71%, Rate Floor: 2.60%) due 11/16/38◊,4		2,700,000		2,567,653
PFP Ltd.
2024-11 B, 6.97% (1 Month Term SOFR + 2.49%, Rate Floor: 2.49%) due 09/17/39◊,4		2,239,942		2,234,575
GoldenTree Loan Management US CLO 4 Ltd.
2021-4A DR, 8.05% (3 Month Term SOFR + 3.41%, Rate Floor: 3.15%) due 04/24/31◊,4		2,000,000		2,011,730
Dryden 50 Senior Loan Fund
2017-50A SUB, due 07/15/304,9		7,895,000		1,810,087
Octagon Loan Funding Ltd.
2014-1A SUB, due 11/18/314,9		19,435,737		1,705,363
BNPP IP CLO Ltd.
2014-2A E, 10.10% (3 Month Term SOFR + 5.51%, Rate Floor: 0.00%) due 10/30/25◊,4		5,951,655		1,666,463

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.9% (continued)
Collateralized Loan Obligations - 10.3% (continued)
Wind River CLO Ltd.
2018-1A ARR, 5.94% (3 Month Term SOFR + 1.31%, Rate Floor: 1.05%) due 07/18/31◊,4		1,352,817	$	1,352,194
Carlyle Global Market Strategies CLO Ltd.
2012-3A SUB, due 01/14/324,9		6,400,000		1,105,272
2013-3X SUB, due 10/15/309		4,938,326		90,075
AMMC CLO XI Ltd.
2012-11A SUB, due 04/30/314,9		5,650,000		708,637
Great Lakes CLO Ltd.
2014-1A SUB, due 10/15/294,9		1,500,000		565,999
Dryden 41 Senior Loan Fund
2015-41A SUB, due 04/15/314,9		11,700,000		219,235
Treman Park CLO Ltd.
2015-1A SUB, due 10/20/284,9		18,918,010		54,106
Dryden Senior Loan Fund
2015-37X, due 01/15/319		1,897,598		33,569
Marathon CLO V Ltd.
2013-5A SUB, due 11/21/274,9		5,500,000		15,180
Venture XIII CLO Ltd.
2013-13A SUB, due 09/10/294,9		13,790,000		1,379
Babson CLO Ltd.
2014-IA SUB, due 07/20/254,9		11,900,000		1,190
Copper River CLO Ltd.
2007-1A INC, due 01/20/213,9		8,150,000		815
West CLO Ltd.
2013-1A SUB, due 11/07/254,9		5,300,000		530
Total Collateralized Loan Obligations				806,695,214
Transport-Aircraft - 2.5%
AASET Trust
2024-1A, 6.26% due 05/16/494		13,918,658		14,018,590
2021-1A, 2.95% due 11/16/414		12,010,309		11,205,065
2020-1A, 3.35% due 01/16/404		4,038,464		3,877,074
2021-2A, 3.54% due 01/15/474		2,827,114		2,534,812
2020-1A, 4.34% due 01/16/404		2,259,932		1,977,398
2019-2, 3.38% due 10/16/394		1,954,889		1,876,837
2019-1, 3.84% due 05/15/394		663,442		643,598
KDAC Aviation Finance Ltd.
2017-1A, 4.21% due 12/15/424		21,857,874		21,147,712
Navigator Aviation Ltd.
2024-1, 6.09% due 08/15/494		14,642,858		14,145,899
AASET Ltd.
2024-2A, 5.93% due 09/16/494		14,200,926		14,115,955
GAIA Aviation Ltd.
2019-1, 3.97% due 12/15/444,11		10,115,434		9,610,572
2019-1, 5.19% due 12/15/444,11		4,716,821		4,247,432
Sprite Ltd.
2021-1, 3.75% due 11/15/464		11,816,357		11,297,041
Slam Ltd.
2024-1A, 5.34% due 09/15/494		8,759,004		8,587,084
2021-1A, 3.42% due 06/15/464		2,812,320		2,545,962
Castlelake Aircraft Securitization Trust
2019-1A, 3.97% due 04/15/394		4,769,396		4,388,157
2018-1, 4.13% due 06/15/434		4,283,189		4,069,038
JOL Air Ltd.
2019-1, 3.97% due 04/15/444		8,332,518		8,153,869
Falcon Aerospace Ltd.
2019-1, 3.60% due 09/15/394		3,312,746		3,130,301
2017-1, 4.58% due 02/15/424		2,973,486		2,931,878
2017-1, 6.30% due 02/15/424		1,152,193		1,124,551
Labrador Aviation Finance Ltd.
2016-1A, 4.30% due 01/15/424		7,190,492		6,960,474
Sapphire Aviation Finance II Ltd.
2020-1A, 4.34% due 03/15/404		7,188,573		6,110,574
2020-1A, 3.23% due 03/15/404		435,530		409,411
Navigator Aircraft ABS Ltd.
2021-1, 3.57% due 11/15/464		6,851,789		6,312,758
AASET US Ltd.
2018-2A, 4.45% due 11/18/384		5,144,784		5,041,975
Project Silver
2019-1, 3.97% due 07/15/444		5,064,774		4,749,847

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

		Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.9% (continued)
Transport-Aircraft - 2.5% (continued)
WAVE LLC
2019-1, 3.60% due 09/15/444			5,042,354	$	4,726,248
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/404			4,573,510		4,471,246
Lunar Structured Aircraft Portfolio Notes
2021-1, 3.43% due 10/15/464			4,605,782		4,171,838
MACH 1 Cayman Ltd.
2019-1, 3.47% due 10/15/394			2,778,591		2,668,948
MAPS Ltd.
2018-1A, 4.21% due 05/15/434			1,087,886		1,080,832
Castlelake Aircraft Structured Trust
2021-1A, 6.66% due 01/15/464			835,028		810,657
MAPS Trust
2021-1A, 2.52% due 06/15/464			660,898		609,644
Total Transport-Aircraft					193,753,277
Financial - 2.1%
HarbourVest Structured Solutions IV Holdings, LP
7.55% (3 Month Term SOFR + 2.95%, Rate Floor: 2.45%) due 09/15/26◊,†††			18,902,986		18,825,550
6.38% (3 Month EURIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26◊,†††	EUR		9,403,421		9,596,720
Thunderbird A
5.50% due 03/01/37†††			30,098,588		27,735,868
Lightning A
5.50% due 03/01/37†††			30,007,608		27,652,029
KKR Core Holding Company LLC
4.00% due 08/12/31†††			21,383,908		19,335,723
Ceamer Finance LLC
6.92% due 11/15/37†††			9,185,028		9,177,677
6.79% due 11/15/39†††			6,500,000		6,500,000
3.69% due 03/24/31†††			3,801,378		3,604,404
Project Onyx I
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††			14,127,035		13,981,289
Bib Merchant Voucher Receivables Ltd.
4.18% due 04/07/28†††			8,749,780		8,548,391
Nassau LLC
2019-1, 3.98% due 08/15/343			8,166,528		7,575,122
Thunderbird B
7.50% due 03/01/37†††			6,054,314		5,592,378
Lightning B
7.50% due 03/01/37†††			6,036,013		5,575,474
Project Onyx II
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††			3,882,475		3,848,790
Total Financial					167,549,415
Infrastructure - 1.5%
VB-S1 Issuer LLC - VBTEL
2022-1A, 5.27% due 02/15/524			39,650,000		37,939,899
2024-1A, 8.87% due 05/15/544			5,950,000		6,166,002
Hotwire Funding LLC
2023-1A, 8.84% due 05/20/534			20,000,000		20,649,104
2021-1, 4.46% due 11/20/514			11,750,000		11,258,572
2024-1A, 9.19% due 06/20/544			7,250,000		7,589,371
Switch ABS Issuer LLC
2024-2A, 5.44% due 06/25/544			17,550,000		17,505,927
Vault DI Issuer LLC
2021-1A, 2.80% due 07/15/464			7,150,000		6,749,931
Blue Stream Issuer LLC
2023-1A, 6.90% due 05/20/534			3,400,000		3,459,121
2024-1A, 6.04% due 11/20/544			1,850,000		1,849,572
Aligned Data Centers Issuer LLC
2021-1A, 2.48% due 08/15/464			4,925,000		4,673,297
Total Infrastructure					117,840,796
Net Lease - 0.5%
CARS-DB4, LP
2020-1A, 4.95% due 02/15/504			27,799,000		24,493,221
CARS-DB7, LP
2023-1A, 6.50% due 09/15/534			11,123,438		11,302,381
SVC ABS LLC
2023-1A, 5.55% due 02/20/534			5,922,729		5,733,050
Total Net Lease					41,528,652
Insurance - 0.5%
Obra Longevity
8.48% due 06/30/39†††			34,300,000		35,591,471

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 18.9% (continued)
Insurance - 0.5% (continued)
CHEST
7.13% due 03/15/43†††		5,400,000	$	5,497,543
Total Insurance				41,089,014
Whole Business - 0.5%
Subway Funding LLC
2024-1A, 6.51% due 07/30/544		17,750,000		18,220,045
2024-3A, 5.91% due 07/30/544		9,050,000		8,836,091
Applebee's Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/05/494		9,742,590		9,571,194
Taco Bell Funding LLC
2016-1A, 4.97% due 05/25/464		2,648,438		2,643,371
Wendy's Funding LLC
2018-1A, 3.88% due 03/15/484		371,939		356,338
Total Whole Business				39,627,039
Single Family Residence - 0.4%
FirstKey Homes Trust
2020-SFR2, 4.00% due 10/19/374		13,550,000		13,295,402
2020-SFR2, 4.50% due 10/19/374		13,250,000		13,041,429
2020-SFR2, 3.37% due 10/19/374		8,550,000		8,355,404
Total Single Family Residence				34,692,235
Asset Backed Securities - 0.3%
Endo Luxembourg Finance Co I SARL / Endo US, Inc.
7.40% due 09/30/45†††		17,000,000		16,920,584
Akso Health Group
7.27% due 12/31/44		2,500,000		2,495,972
Total Asset Backed Securities				19,416,556
Consumer, Non-cyclical - 0.2%
IP Lending X Ltd.
2023-10A, 7.75% due 07/02/29†††,4		15,407,121		15,407,121
Collateralized Debt Obligations - 0.1%
Anchorage Credit Funding 4 Ltd.
2021-4A CR, 3.52% due 04/27/394		4,250,000		3,870,845
Total Asset-Backed Securities
(Cost $1,499,380,669)				1,481,470,164
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7%
Consumer, Cyclical - 5.3%
Zephyr Bidco Ltd.
10.20% (1 Month GBP SONIA + 5.50%, Rate Floor: 5.50%) due 07/20/28	GBP	20,850,000		26,136,897
FR Refuel LLC
9.22% (1 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 11/08/28		20,638,787		20,432,399
Pacific Bells LLC
8.60% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 11/10/28		11,882,244		11,876,303
due 11/10/28		7,570,000		7,566,215
Caesars Entertainment, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 02/06/31		10,127,739		10,130,879
due 02/06/30		8,865,269		8,861,546
Fertitta Entertainment LLC
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 01/27/29		18,730,856		18,784,801
Crash Champions Inc.
9.27% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 02/23/29		18,743,924		17,707,197
Casper Bidco SAS (B&B Hotels)
7.17% (6 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 03/21/31	EUR	16,996,376		17,655,027
MB2 Dental Solutions LLC
9.86% (1 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31†††		15,454,318		15,419,668
10.02% (3 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31†††		2,083,822		2,047,394
9.84% (1 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31†††		202,000		179,930
QSRP Finco B.V.
8.03% (1 Month EURIBOR + 5.25%, Rate Floor: 5.25%) due 06/19/31	EUR	8,600,000		8,913,222
7.87% (3 Month EURIBOR + 5.25%, Rate Floor: 5.25%) due 06/16/31	EUR	6,600,000		6,840,379

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Consumer, Cyclical - 5.3% (continued)
Alexander Mann
10.67% (3 Month SOFR + 6.00%, Rate Floor: 6.00%) due 06/29/27		15,865,128	$	15,329,680
Betclic Everest Group SAS
6.26% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 12/05/31	EUR	13,150,000		13,668,179
One Hotels GmbH
7.78% (3 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 04/02/31	EUR	10,400,000		10,826,949
First Brands Group LLC
9.85% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27		10,899,729		10,192,026
Rent-A-Center, Inc.
7.34% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 02/17/28†††		9,704,277		9,704,277
Peer Holding III BV
7.33% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 07/01/31		5,120,000		5,140,787
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/28/30		3,473,750		3,491,119
5.93% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 07/01/31	EUR	1,000,000		1,040,690
Drive Bidco B.V.
8.13% (6 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 07/23/31†††	EUR	8,800,000		9,118,226
Belron Finance US, LLC
7.27% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/16/31		8,668,275		8,738,748
Holding Socotec SAS
due 06/02/28		8,650,000		8,671,625
Shilton BidCo Ltd.
6.68% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 01/13/30	EUR	8,300,000		8,610,895
Eagle Bidco Ltd.
due 03/22/28	EUR	8,000,000		8,242,711
The Facilities Group
10.56% ((3 Month Term SOFR + 5.75%) and (6 Month Term SOFR + 5.75%), Rate Floor: 6.75%) due 11/30/27†††		8,308,410		8,177,636
NFM & J LLC
10.44% (3 Month Term SOFR + 5.75%, Rate Floor: 6.75%) due 11/30/27†††		8,173,504		8,044,853
Grant Thornton Advisors LLC
7.61% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/02/31		5,655,825		5,651,187
due 05/30/31		1,604,348		1,603,032
PCI Gaming Authority, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/18/31		7,164,000		7,143,081
Scientific Games Corp.
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 04/04/29		6,937,613		6,948,019
CCRR Parent, Inc.
9.03% (3 Month Term SOFR + 4.36%, Rate Floor: 5.11%) due 03/06/28		11,752,745		6,796,965
Apro LLC
8.27% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/09/31		6,334,125		6,389,549
Oil Changer Holding Corp.
11.41% (3 Month Term SOFR + 6.75%, Rate Floor: 7.75%) due 02/08/27†††		6,345,020		6,292,794
Clarios Global, LP
5.97% ((1 Month EURIBOR + 3.00%) and (3 Month EURIBOR + 3.00%), Rate Floor: 3.00%) due 07/16/31	EUR	4,810,000		4,984,637
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/06/30		1,170,000		1,173,510
Shaw Development LLC
10.43% (6 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 10/30/29†††		6,119,713		6,021,217
Entain Holdings (Gibraltar) Ltd.
5.93% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 06/30/28	EUR	5,450,000		5,655,328

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Consumer, Cyclical - 5.3% (continued)
Accuride Corp.
11.93% (1 Month Term SOFR + 1.00%, Rate Floor: 6.06%) (in-kind rate was 5.87) due 05/18/2612		6,067,545	$	2,889,669
14.85% (1 Month Term SOFR + 10.00%, Rate Floor: 12.00%) due 01/23/25†††		2,052,097		1,954,378
14.61% (1 Month Term SOFR + 10.00%, Rate Floor: 12.00%) due 01/23/25†††		99,351		94,383
Elvis UK HoldCo Ltd.
6.64% (3 Month EURIBOR + 3.43%, Rate Floor: 3.43%) due 10/19/28	EUR	4,650,000		4,826,007
Packers Holdings LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 03/09/28		9,080,487		4,522,083
Alterra Mountain Co.
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 08/17/28		4,436,400		4,461,377
ImageFIRST Holdings LLC
8.58% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 04/27/28†††		3,834,225		3,834,226
Da Vinci Purchaser Corp.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.50%) due 01/08/27		3,781,365		3,793,503
Parts Europe SA
6.34% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 02/03/31	EUR	3,550,000		3,689,631
Tacala Investment Corp.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 01/31/31		3,574,538		3,595,377
ScribeAmerica Intermediate Holdco LLC (Healthchannels)
9.67% (6 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/03/25		4,588,631		3,117,011
Albion Financing 3 SARL
7.50% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 08/16/29	EUR	2,300,000		2,396,161
AmSpec Parent LLC
due 12/11/31		2,210,000		2,221,050
SHO Holding I Corp.
11.17% (1 Month Term SOFR + 6.50%, Rate Floor: 7.50%) due 06/30/29†††		1,690,162		1,677,422
16.57% (1 Month Term SOFR + 4.50%, Rate Floor: 11.67%) (in-kind rate was 4.90%) due 06/30/29†††,12		614,316		540,598
Congruex Group LLC
10.49% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 05/03/29		2,787,388		2,135,836
Allwyn Entertainment Financing US LLC
6.91% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 06/02/31		1,960,162		1,973,648
Dealer Tire LLC
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/02/31		1,800,488		1,800,488
Checkers Holdings, Inc.
13.70% (6 Month Term SOFR + 3.00%, Rate Floor: 7.70%) (in-kind rate was 6.00%) due 06/16/28†††,12		1,306,715		1,306,715
11.70% (6 Month Term SOFR + 3.00%, Rate Floor: 7.70%) (in-kind rate was 4.00%) due 06/16/27†††,12		182,267		182,267
BIFM CA Buyer, Inc.
due 05/31/28		1,275,000		1,284,563
Verisure Holding AB
5.72% (3 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 03/27/28	EUR	370,000		384,300

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Consumer, Cyclical - 5.3% (continued)
WW International, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 04/13/28		750,000	$	162,000
Total Consumer, Cyclical				413,052,270
Technology - 3.1%
Sitecore Holding III A/S
10.14% (3 Month Term SOFR + 3.58%, Rate Floor: 5.81%) (in-kind rate was 4.33%) due 03/12/29†††,12		14,385,713		14,272,731
9.25% (3 Month EURIBOR + 3.50%, Rate Floor: 5.00%) (in-kind rate was 4.25%) due 03/12/29†††,12	EUR	10,073,338		10,355,637
Datix Bidco Ltd.
10.20% (1 Month GBP SONIA + 5.50%, Rate Floor: 5.50%) due 04/25/31†††	GBP	12,072,000		15,001,146
9.93% (6 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 04/30/31†††		3,430,000		3,404,880
10.02% (1 Month GBP SONIA + 5.50%, Rate Floor: 6.00%) due 10/25/30†††	GBP	162,000		179,149
10.02% (1 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 10/25/30†††		178,200		157,398
Visma AS
7.38% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 12/05/28†††	EUR	16,296,596		16,717,055
Avalara, Inc.
10.58% (3 Month Term SOFR + 6.25%, Rate Floor: 7.00%) due 10/19/28†††		16,000,000		15,855,474
DS Admiral Bidco LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 06/26/31		15,880,200		15,364,094
Team.Blue Finco SARL
6.38% (3 Month EURIBOR + 3.70%, Rate Floor: 3.70%) due 09/30/29	EUR	7,500,000		7,739,664
6.38% (3 Month EURIBOR + 3.70%, Rate Floor: 3.70%) due 03/30/28	EUR	6,506,144		6,714,049
Planview Parent, Inc.
due 12/17/27		10,154,280		10,215,307
8.10% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 12/17/27		4,099,426		4,131,893
Aston FinCo SARL
9.47% (1 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 10/09/26	GBP	12,546,950		14,268,794
Wrench Group LLC
8.59% (3 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 10/30/28		12,902,500		12,354,144
Zuora, Inc.
due 12/12/31		11,475,000		11,417,625
Concorde Lux
7.09% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 03/01/28	EUR	10,525,431		10,886,967
Modena Buyer LLC
8.86% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/01/31		10,420,000		10,062,698
Leia Finco US LLC
7.89% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/09/31		10,065,000		10,047,688
Kerridge Commercial Systems Bidco Ltd.
due 03/27/25	GBP	7,997,768		10,013,231
Boxer Parent Co., Inc.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/30/31		8,670,000		8,734,071
Pushpay USA, Inc.
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 08/15/31†††		7,645,000		7,683,225
Finastra
11.65% (3 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 09/13/29†††		7,611,482		7,557,841
Polaris Newco LLC
8.09% ((1 Month Term SOFR + 3.50%) and (3 Month Term SOFR + 3.50%), Rate Floor: 3.50%) due 06/04/26†††		5,402,867		5,210,541
6.86% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 06/02/28	EUR	997,423		994,870

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Technology - 3.1% (continued)
Blackhawk Network Holdings, Inc.
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/12/29		3,920,300	$	3,963,698
Azalea TopCo
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 04/30/31		3,920,175		3,927,545
Atlas CC Acquisition Corp.
9.03% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 05/25/28		3,014,554		2,013,722
Central Parent LLC
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/06/29		1,466,325		1,444,521
Redhalo Midco Ltd.
6.47% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/24/31	EUR	1,000,000		1,041,177
Precise Midco B.V.
6.34% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 11/15/30	EUR	1,000,000		1,038,048
Cloud Software Group, Inc.
7.83% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 03/29/29		735,211		736,799
Finastra USA, Inc.
11.65% (3 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 09/13/29†††		664,762		600,465
Xerox Corp.
8.34% ((1 Month Term SOFR + 4.00%) and (3 Month Term SOFR + 4.00%), Rate Floor: 4.50%) due 11/17/29		438,462		437,273
Total Technology				244,543,420
Industrial - 3.0%
Total Webhosting Solutions B.V.
7.36% (1 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 10/31/31	EUR	18,000,000		18,599,627
Capstone Acquisition Holdings, Inc.
8.96% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 11/12/29†††		17,772,666		17,676,876
Fugue Finance LLC
due 12/05/31		9,520,000		9,595,398
8.26% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 02/26/31		8,009,750		8,053,804
Merlin Buyer, Inc.
8.33% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/14/28		9,107,167		9,061,631
9.08% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 12/14/28		8,245,101		8,224,488
Arcline FM Holdings, LLC
9.31% ((3 Month Term SOFR + 4.50%) and (6 Month Term SOFR + 4.50%), Rate Floor: 5.25%) due 06/23/28		14,011,291		14,079,386
Michael Baker International LLC
9.11% (1 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 12/01/28		10,406,179		10,438,750
Hobbs & Associates LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/23/31		9,063,636		9,100,435
7.65% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/23/31		906,364		910,043
Dispatch Terra Acquisition LLC
8.73% (3 Month Term SOFR + 4.40%, Rate Floor: 5.15%) due 03/27/28		10,033,277		9,539,941
Foundation Building Materials Holding Company LLC
8.59% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 01/29/31		8,138,500		7,999,169

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Industrial - 3.0% (continued)
DXP Enterprises, Inc.
8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 10/11/30		7,870,774	$	7,952,787
Quikrete Holdings, Inc.
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 04/14/31		7,692,498		7,683,729
Boluda Towage S.L.
6.41% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/30	EUR	7,215,385		7,515,110
Valcour Packaging LLC
8.34% (1 Month Term SOFR + 1.50%, Rate Floor: 6.09%) (in-kind rate was 2.25%) due 10/04/2812		4,193,873		3,657,057
9.73% (1 Month Term SOFR + 5.25%, Rate Floor: 5.25%) due 10/04/28		3,454,560		3,538,057
DG Investment Intermediate Holdings 2, Inc.
8.22% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 03/31/28		7,062,554		7,118,489
PointClickCare Technologies, Inc.
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 11/03/31		6,151,210		6,181,966
Integrated Power Services Holdings, Inc.
8.97% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/22/28†††		5,816,944		5,800,769
Inspired Finco Holdings Ltd.
6.86% (1 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 02/28/31	EUR	5,200,000		5,419,078
Apave S.A.
due 12/09/31	EUR	4,850,000		5,044,231
Anchor Packaging LLC
8.32% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/18/29		4,678,275		4,710,438
United Airlines, Inc.
6.63% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 02/22/31		4,372,736		4,380,563
Mauser Packaging Solutions Holding Co.
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 04/15/27		4,184,848		4,210,251
FCG Acquisitions, Inc.
8.22% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 03/31/28		4,021,843		4,043,963
MI Windows And Doors LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/28/31		3,583,185		3,614,036
Artera Services LLC
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 02/15/31		3,593,522		3,556,580
EMRLD Borrower, LP
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 08/04/31		2,094,750		2,100,867
6.93% (6 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/31/30		1,258,493		1,262,205
Cognita Ltd.
8.82% (1 Month SOFR + 4.00%, Rate Floor: 4.50%) due 10/27/31†††		3,175,000		3,206,750
Aegion Corp.
8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 05/17/28		3,108,679		3,127,331
TK Elevator Midco GmbH
5.86% (1 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 01/29/27†††	EUR	2,927,043		2,925,423
Brown Group Holding LLC
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 07/01/31		1,392,661		1,396,797
7.00% ((1 Month Term SOFR + 2.50%) and (3 Month Term SOFR + 2.50%), Rate Floor: 3.00%) due 07/01/31		1,243,758		1,246,519

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Industrial - 3.0% (continued)
Cube A&D Buyer, Inc.
8.13% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 10/17/31		2,500,000	$	2,512,500
ILPEA Parent, Inc.
8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 06/22/28†††		2,066,936		2,064,352
NA Rail Hold Co. LLC
8.59% (3 Month Term SOFR + 4.00%, Rate Floor: 4.25%) due 10/19/26		1,924,738		1,943,985
Cognita Ltd.
6.78% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 04/25/29	EUR	1,450,000		1,508,415
Madison Safety & Flow LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 09/26/31		1,396,500		1,405,661
White Cap Supply Holdings LLC
due 10/19/29		1,300,000		1,301,079
Air Canada
6.34% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 03/21/31		992,500		995,607
Albion Financing 3 SARL
9.10% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 08/16/29		766,150		772,532
API Heat Transfer Thermasys Corp.
12.66% (3 Month Term SOFR + 8.00%, Rate Floor: 11.00%) due 11/12/27†††		484,752		484,752
9.66% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 11/10/27†††		280,567		280,567
LBM Acquisition LLC
8.30% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 06/06/31		498,747		493,814
Gulfside Supply, Inc.
7.33% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 06/17/31		368,803		370,001
Total Industrial				237,105,809
Consumer, Non-cyclical - 3.0%
Women's Care Holdings, Inc.
9.19% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 01/15/28		30,284,063		28,769,860
Midwest Veterinary Partners LLC
8.39% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 04/27/28		20,021,746		20,046,773
HAH Group Holding Co. LLC
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31		17,292,486		17,270,871
Nidda Healthcare Holding GmbH
7.01% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 02/21/30	EUR	16,147,239		16,793,898
PlayCore
9.09% (3 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 02/20/30		16,550,808		16,690,497
Southern Veterinary Partners LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/30/31		14,061,941		14,146,313
Quirch Foods Holdings LLC
9.64% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/27/27		14,982,623		13,933,839
LaserAway Intermediate Holdings II LLC
10.66% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 10/14/27		12,158,498		11,580,969
Domidep
due 10/30/29	EUR	10,200,000		10,597,917
Blue Ribbon LLC
10.85% (3 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 05/08/28		14,911,795		9,990,903

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Consumer, Non-cyclical - 3.0% (continued)
CHG PPC Parent LLC
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 12/08/28		9,052,837	$	9,092,488
Rainbow Finco SARL
9.45% (3 Month GBP SONIA + 4.50%, Rate Floor: 4.50%) due 02/26/29	GBP	7,250,000		9,073,211
Eyecare Partners LLC
9.33% (3 Month Term SOFR + 1.00%, Rate Floor: 5.72%) (in-kind rate was 3.61%) due 11/30/2812		8,881,884		6,872,358
10.37% (3 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 08/31/28		2,100,649		2,119,029
Gibson Brands, Inc.
10.58% (6 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/11/28		8,051,000		7,957,045
Florida Food Products LLC
9.59% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 10/18/28		8,645,325		7,283,686
Hanger, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 10/23/31		5,049,810		5,093,996
Outcomes Group Holdings, Inc.
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 05/06/31		4,328,277		4,369,396
IVI America LLC
8.83% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/09/31		4,278,500		4,305,241
VC GB Holdings I Corp.
8.09% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/21/28		4,118,159		4,114,988
Froneri US, Inc.
6.36% (3 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 09/30/31		3,200,000		3,200,576
Resonetics LLC
8.37% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 06/18/31		2,812,950		2,827,746
7.60% (3 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 06/18/31		25,000		25,131
Osmosis Holdings Australia II Pty Ltd.
8.05% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/31/28		1,636,724		1,636,724
Medical Solutions Parent Holdings, Inc.
8.19% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 11/01/28		2,212,075		1,551,527
Heritage Grocers Group LLC
11.18% (3 Month Term SOFR + 6.75%, Rate Floor: 7.50%) due 08/01/29		1,278,451		1,211,870
Bowtie Germany Bidco GMBH
6.68% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 08/01/31	EUR	1,000,000		1,036,266
Electron BidCo, Inc.
due 11/01/28		675,000		676,944
Lyons Magnus
11.34% (3 Month Term SOFR + 6.75%, Rate Floor: 6.75%) due 05/10/27		598,527		580,075
Weber-Stephen Products LLC
8.71% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 10/30/27		413,313		411,763
Moran Foods LLC
11.68% (3 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 06/30/26†††		1,041,920		256,980

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Consumer, Non-cyclical - 3.0% (continued)
TGP Holdings LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 06/29/28		211,567	$	205,725
Total Consumer, Non-cyclical				233,724,605
Financial - 2.9%
Higginbotham Insurance Agency, Inc.
8.86% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 11/24/28†††		20,775,970		20,622,254
QTS Good News Facility
7.10% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 10/09/28		19,150,000		19,150,000
Cobham Ultra SeniorCo SARL
9.24% (6 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 08/03/29		11,421,375		11,368,380
7.31% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 08/06/29	EUR	7,000,000		7,108,072
Asurion LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30		15,311,625		15,256,963
8.71% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 08/19/28		3,080,694		3,080,694
Aretec Group, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 08/09/30		12,251,405		12,299,921
due 08/09/30		4,340,000		4,343,385
Eisner Advisory Group
8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 02/28/31		16,038,405		16,187,402
HighTower Holding LLC
8.07% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 04/21/28		12,244,530		12,290,447
Claudius Finance Parent SARL
6.59% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/10/28	EUR	9,225,000		9,564,043
AqGen Island Holdings, Inc.
7.36% (3 Month Term SOFR + 3.61%, Rate Floor: 4.11%) due 08/02/28		9,054,232		9,129,699
Duff & Phelps
8.08% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 04/09/27		5,946,128		5,804,907
6.68% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 04/09/27	EUR	2,984,375		2,960,874
Nexus Buyer LLC
8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 07/31/31		8,428,875		8,449,947
Galaxy Bidco Ltd.
due 12/05/29	EUR	7,500,000		7,771,215
Pex Holdings LLC
7.08% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 11/19/31		6,000,000		6,022,500
Cross Financial Corp.
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/31/31†††		5,828,292		5,857,434
Quimper AB
6.79% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/15/30	EUR	5,600,000		5,816,201
Tegra118 Wealth Solutions, Inc.
8.52% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/18/27		5,579,836		5,337,448
HUB International Ltd.
7.37% (3 Month Term SOFR + 2.75%, Rate Floor: 3.50%) due 06/20/30		4,294,572		4,316,045
OEG Borrower LLC
7.85% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 06/30/31		3,421,425		3,417,148
Apleona Holding GmbH
6.81% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 04/28/28	EUR	3,200,000		3,326,926
Alter Domus
8.12% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/17/31		3,137,934		3,159,115
Ardonagh Midco 3 plc
9.90% (6 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 02/16/31†††		3,086,747		3,045,999

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Financial - 2.9% (continued)
Worldpay
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/31/31		2,992,500	$	3,004,350
Cervantes Bidco S.L.U.
6.46% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 06/13/31	EUR	2,800,000		2,912,133
Orion Advisor Solutions, Inc.
8.34% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 09/24/30		2,394,000		2,413,822
Assetmark Financial Holdings, Inc.
7.08% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 09/05/31		2,200,000		2,206,182
Ardonagh Midco 3 plc
8.51% ((3 Month Term SOFR + 3.75%) and (6 Month Term SOFR + 3.75%), Rate Floor: 3.75%) due 02/15/31		2,070,000		2,080,350
Howden Group Holdings Ltd.
due 02/15/31	EUR	2,000,000		2,076,220
Hyperion Refinance SARL
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 02/15/31		1,845,375		1,855,857
Virtu Financial
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 06/21/31		1,250,000		1,252,350
Capstone Borrower, Inc.
7.58% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/17/30		327,251		329,195
Total Financial				223,817,478
Communications - 0.8%
Syndigo LLC
9.28% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 12/15/27		21,984,241		22,011,721
Speedster Bidco GMBH
due 10/17/31	EUR	5,700,000		5,922,366
due 10/17/31		5,700,000		5,709,519
FirstDigital Communications LLC
8.72% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 12/17/26†††		10,418,125		10,182,929
Zayo Group Holdings, Inc.
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/09/27		6,146,447		5,744,347
Cengage Learning, Inc.
7.96% ((1 Month Term SOFR + 3.50%) and (3 Month Term SOFR + 3.50%), Rate Floor: 4.50%) due 03/24/31		5,348,125		5,369,624
UFC Holdings LLC
6.77% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 11/21/31		4,350,000		4,368,792
Xplore, Inc.
6.00% (1 Month Term SOFR + 1.50%, Rate Floor: 1.50%) due 10/24/31		3,620,762		2,932,817
9.47% (1 Month Term SOFR + 1.50%, Rate Floor: 5.97%) (in-kind rate was 3.50%) due 10/23/2912		1,010,510		992,826
Total Communications				63,234,941
Energy - 0.4%
BANGL LLC
9.09% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 02/01/29		13,616,538		13,697,420
Par Petroleum LLC
8.33% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 02/28/30		8,328,857		8,297,623
Bip PipeCo Holdings LLC
6.84% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 12/06/30		3,557,189		3,564,303
Venture Global Calcasieu Pass LLC
7.33% (1 Month Term SOFR + 2.88%, Rate Floor: 3.88%) due 08/19/26		2,365,315		2,365,315

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 18.7% (continued)
Energy - 0.4% (continued)
Permian Production Partners LLC
12.47% (1 Month Term SOFR + 6.00%, Rate Floor: 10.47%) (in-kind rate was 2.00%) due 11/24/2512		691,484	$	684,569
Total Energy				28,609,230
Basic Materials - 0.2%
Illuminate Buyer LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 12/31/29		5,785,500		5,837,049
GrafTech Finance, Inc.
due 11/04/29		5,221,215		5,221,215
Arsenal AIC Parent LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 08/18/30		3,924,820		3,953,275
Eden S.A.S.
6.22% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 06/22/29	EUR	1,500,000		1,556,838
Discovery Purchaser Corp.
8.95% (3 Month Term SOFR + 4.36%, Rate Floor: 4.86%) due 10/04/29		997,500		1,001,989
Schur Flexibles GmbH
8.66% (6 Month EURIBOR + 5.50%, Rate Floor: 5.50%) due 09/28/27	EUR	787,500		475,307
Total Basic Materials				18,045,673
Total Senior Floating Rate Interests
(Cost $1,493,755,058)				1,462,133,426
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.4%
Government Agency - 6.8%
Uniform MBS 30 Year
due 03/01/2513		125,952,182		121,456,571
due 02/01/2513		76,900,000		75,861,081
due 02/01/2513		54,822,818		52,891,739
Fannie Mae
5.50% due 05/01/53		101,903,026		100,835,850
5.00% due 05/01/53		33,752,378		32,640,506
5.00% due 08/01/53		21,268,456		20,577,988
5.00% due 06/01/53		7,317,306		7,075,749
Freddie Mac
5.50% due 02/01/53		51,774,654		51,366,929
5.00% due 06/01/53		27,224,255		26,392,386
5.00% due 02/01/53		23,392,588		22,679,651
5.00% due 03/01/53		18,432,477		17,841,149
Total Government Agency				529,619,599
Residential Mortgage-Backed Securities - 5.7%
OBX Trust
2024-NQM5, 6.51% due 01/25/644		12,495,000		12,523,559
2024-NQM6, 6.92% (WAC) due 02/25/64◊,4		6,901,000		6,992,687
2022-NQM9, 6.45% due 09/25/6211		6,608,773		6,624,448
2023-NQM2, 6.80% due 01/25/624,11		5,350,162		5,376,376
2024-NQM4, 6.62% (WAC) due 01/25/64◊,4		5,250,000		5,278,630
2022-NQM8, 6.10% due 09/25/624,11		3,760,387		3,755,155
Mill City Securities Ltd.
2024-RS1, 4.00% due 11/01/694,11		23,164,000		20,917,092
2024-RS2, 3.00% due 08/01/694,11		8,150,000		7,531,374
BRAVO Residential Funding Trust
2022-R1, 3.13% due 01/29/704,11		25,557,897		25,370,816
JP Morgan Mortgage Acquisition Trust
2006-WMC4, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 12/25/36◊		19,868,174		10,310,148
2006-WMC3, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 08/25/36◊		7,710,777		5,597,471
2006-HE3, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 11/25/36◊		4,537,451		4,030,289
2006-WMC4, 4.69% (1 Month Term SOFR + 0.35%, Rate Floor: 0.24%) due 12/25/36◊		6,838,800		3,546,533
2006-WMC4, 4.61% (1 Month Term SOFR + 0.27%, Rate Floor: 0.16%) due 12/25/36◊		2,891,684		1,497,446
Top Pressure Recovery Turbines
7.51% due 11/01/69		24,727,151		24,850,787
Ameriquest Mortgage Securities Trust
2006-M3, 4.63% (1 Month Term SOFR + 0.29%, Rate Floor: 0.18%) due 10/25/36◊		18,048,632		9,768,804

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.4% (continued)
Residential Mortgage-Backed Securities - 5.7% (continued)
2006-M3, 4.69% (1 Month Term SOFR + 0.35%, Rate Floor: 0.24%) due 10/25/36◊		30,575,204	$	8,821,546
2006-M3, 4.55% (1 Month Term SOFR + 0.21%, Rate Floor: 0.10%) due 10/25/36◊		12,710,676		3,667,456
WaMu Asset-Backed Certificates WaMu Series
2007-HE2, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.47%) due 04/25/37◊		22,723,757		8,381,983
2007-HE2, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.30%) due 04/25/37◊		17,315,302		6,375,008
2007-HE4, 4.62% (1 Month Term SOFR + 0.28%, Rate Floor: 0.28%) due 07/25/47◊		5,810,089		4,262,531
2007-HE4, 4.70% (1 Month Term SOFR + 0.36%, Rate Floor: 0.36%) due 07/25/47◊		1,849,240		1,051,952
Long Beach Mortgage Loan Trust
2006-6, 4.95% (1 Month Term SOFR + 0.61%, Rate Floor: 0.50%) due 07/25/36◊		13,253,972		5,024,859
2006-8, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 09/25/36◊		15,745,891		4,190,640
2006-1, 4.83% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 02/25/36◊		3,495,255		2,932,209
2006-4, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 05/25/36◊		9,640,020		2,786,479
2006-6, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 07/25/36◊		4,127,127		1,559,924
2006-8, 4.63% (1 Month Term SOFR + 0.29%, Rate Floor: 0.18%) due 09/25/36◊		4,266,841		1,129,993
2006-6, 4.65% (1 Month Term SOFR + 0.31%, Rate Floor: 0.20%) due 07/25/36◊		2,389,106		901,488
FIGRE Trust
2024-HE5, 5.70% (WAC) due 10/25/54◊,4		7,556,724		7,493,862
2024-HE6, 5.97% (WAC) due 12/25/54◊,4		3,938,000		3,911,532
2024-HE4, 5.25% (WAC) due 09/25/54◊,4		3,589,942		3,514,406
2024-HE4, 5.30% (WAC) due 09/25/54◊,4		3,088,224		3,017,488
RALI Series Trust
2006-QO6, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 06/25/46◊		30,674,404		6,679,655
2007-QO2, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 02/25/47◊		12,720,327		3,895,393
2006-QO8, 4.85% (1 Month Term SOFR + 0.51%, Rate Floor: 0.40%) due 10/25/46◊		2,506,600		2,391,204
2006-QO6, 4.91% (1 Month Term SOFR + 0.57%, Rate Floor: 0.46%) due 06/25/46◊		7,981,062		1,779,977
2006-QO6, 4.97% (1 Month Term SOFR + 0.63%, Rate Floor: 0.52%) due 06/25/46◊		5,035,370		1,138,884
2006-QO2, 4.99% (1 Month Term SOFR + 0.65%, Rate Floor: 0.54%) due 02/25/46◊		5,947,913		1,047,489
2006-QO2, 5.13% (1 Month Term SOFR + 0.79%, Rate Floor: 0.68%) due 02/25/46◊		3,182,638		561,407
2006-QO2, 4.89% (1 Month Term SOFR + 0.55%, Rate Floor: 0.44%) due 02/25/46◊		213,333		36,895
American Home Mortgage Assets Trust
2006-6, 4.66% (1 Month Term SOFR + 0.32%, Rate Floor: 0.21%) due 12/25/46◊		6,587,216		5,512,284
2006-1, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.19%) due 05/25/46◊		5,651,532		5,029,233
2006-3, 5.77% (1 Year CMT Rate + 0.94%, Rate Floor: 0.94%) due 10/25/46◊		4,640,593		3,029,392

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.4% (continued)
Residential Mortgage-Backed Securities - 5.7% (continued)
LSTAR Securities Investment Ltd.
2024-1, 7.78% (30 Day Average SOFR + 3.10%, Rate Floor: 3.10%) due 01/01/29◊,4		13,020,766	$	13,009,150
Citigroup Mortgage Loan Trust, Inc.
2007-AMC3, 4.70% (1 Month Term SOFR + 0.36%, Rate Floor: 0.25%) due 03/25/37◊		8,923,451		7,475,809
2022-A, 6.17% due 09/25/624,11		5,407,496		5,408,509
Morgan Stanley IXIS Real Estate Capital Trust
2006-2, 4.67% (1 Month Term SOFR + 0.33%, Rate Floor: 0.22%) due 11/25/36◊		20,874,677		6,610,355
2006-2, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 11/25/36◊		18,356,265		5,812,891
NYMT Loan Trust
2022-SP1, 5.25% due 07/25/624,11		11,689,663		11,596,887
GCAT Trust
2022-NQM5, 5.71% due 08/25/674,11		8,060,294		8,022,295
2023-NQM2, 6.60% due 11/25/674,11		2,576,935		2,581,994
Morgan Stanley ABS Capital I Incorporated Trust
2006-HE8, 4.67% (1 Month Term SOFR + 0.33%, Rate Floor: 0.22%) due 10/25/36◊		18,172,344		7,838,929
2006-HE6, 4.65% (1 Month Term SOFR + 0.31%, Rate Floor: 0.20%) due 09/25/36◊		4,144,253		1,390,793
2007-HE4, 4.68% (1 Month Term SOFR + 0.34%, Rate Floor: 0.23%) due 02/25/37◊		3,631,027		1,145,193
IXIS Real Estate Capital Trust
2007-HE1, 4.61% (1 Month Term SOFR + 0.27%, Rate Floor: 0.16%) due 05/25/37◊		22,944,559		5,245,906
2007-HE1, 4.68% (1 Month Term SOFR + 0.34%, Rate Floor: 0.23%) due 05/25/37◊		16,255,898		3,716,552
GSAMP Trust
2007-NC1, 4.71% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 12/25/46◊		16,938,688		8,645,652
Master Asset-Backed Securities Trust
2006-WMC3, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 08/25/36◊		9,666,426		3,255,465
2006-HE3, 4.65% (1 Month Term SOFR + 0.31%, Rate Floor: 0.20%) due 08/25/36◊		9,056,708		2,683,961
2006-HE3, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 08/25/36◊		7,614,529		2,256,648
CFMT LLC
2022-HB9, 3.25% (WAC) due 09/25/37◊,4		8,650,000		8,008,963
Finance of America HECM Buyout
2024-HB1, 6.00% (WAC) due 10/01/34◊,4		8,000,000		7,896,731
PRPM LLC
2024-4, 6.41% due 08/25/294,11		7,766,713		7,785,108
GSAA Home Equity Trust
2006-3, 5.05% (1 Month Term SOFR + 0.71%, Rate Floor: 0.60%) due 03/25/36◊		9,468,453		4,587,617
2006-9, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 06/25/36◊		6,926,716		1,777,289
2007-7, 4.99% (1 Month Term SOFR + 0.65%, Rate Floor: 0.54%) due 07/25/37◊		239,941		227,548
OSAT Trust
2021-RPL1, 5.12% due 05/25/654,11		6,320,644		6,300,726
First NLC Trust
2007-1, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 08/25/37◊,4		6,050,643		2,985,067
2007-1, 4.52% (1 Month Term SOFR + 0.18%, Rate Floor: 0.07%) due 08/25/37◊,4		4,588,396		2,263,807

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.4% (continued)
Residential Mortgage-Backed Securities - 5.7% (continued)
Argent Securities Trust
2006-W5, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 06/25/36◊		8,144,895	$	5,238,573
Alternative Loan Trust
2007-OA7, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 05/25/47◊		5,578,891		5,217,338
Home Equity Loan Trust
2007-FRE1, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.19%) due 04/25/37◊		5,539,650		5,212,966
Lehman XS Trust Series
2006-18N, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 12/25/36◊		3,156,625		2,987,696
2006-10N, 4.87% (1 Month Term SOFR + 0.53%, Rate Floor: 0.42%) due 07/25/46◊		2,088,451		1,856,488
Merrill Lynch Mortgage Investors Trust Series
2007-HE2, 4.87% (1 Month Term SOFR + 0.53%, Rate Floor: 0.42%) due 02/25/37◊		6,631,892		1,872,792
2007-HE2, 4.97% (1 Month Term SOFR + 0.63%, Rate Floor: 0.52%) due 02/25/37◊		4,800,539		1,355,585
2007-HE2, 4.69% (1 Month Term SOFR + 0.35%, Rate Floor: 0.24%) due 02/25/37◊		3,816,921		1,077,897
2007-HE2, 5.29% (1 Month Term SOFR + 0.95%, Rate Floor: 0.84%) due 02/25/37◊		1,553,241		438,549
WaMu Asset-Backed Certificates WaMu Series Trust
2007-HE1, 4.91% (1 Month Term SOFR + 0.57%, Rate Floor: 0.57%) due 01/25/37◊		6,751,645		3,029,240
2007-HE4, 4.62% (1 Month Term SOFR + 0.28%, Rate Floor: 0.28%) due 07/25/47◊		2,589,972		1,473,119
Saluda Grade Alternative Mortgage Trust
2023-FIG4, 7.12% (WAC) due 11/25/53◊,4		4,166,042		4,261,403
ACE Securities Corporation Home Equity Loan Trust Series
2007-ASP1, 5.21% (1 Month Term SOFR + 0.87%, Rate Floor: 0.76%) due 03/25/37◊		10,146,968		4,040,186
Verus Securitization Trust
2022-8, 6.13% due 09/25/674,11		3,971,645		3,963,080
HSI Asset Securitization Corporation Trust
2007-HE1, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.19%) due 01/25/37◊		5,415,034		3,794,213
First Franklin Mortgage Loan Trust
2006-FF16, 4.87% (1 Month Term SOFR + 0.53%, Rate Floor: 0.42%) due 12/25/36◊		6,971,502		2,814,837
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 5.67% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46◊		3,393,716		2,764,797
Morgan Stanley Mortgage Loan Trust
2006-9AR, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 08/25/36◊		7,712,574		1,793,459
Alliance Bancorp Trust
2007-OA1, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 07/25/37◊		1,770,223		1,510,667
Nomura Resecuritization Trust
2015-4R, 3.10% (1 Month Term SOFR + 0.54%, Rate Floor: 0.43%) due 03/26/36◊		888,272		854,514

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 14.4% (continued)
Residential Mortgage-Backed Securities - 5.7% (continued)
Morgan Stanley Re-REMIC Trust
2010-R5, 3.50% due 06/26/36		374,040	$	349,649
Total Residential Mortgage-Backed Securities				448,533,677
Commercial Mortgage-Backed Securities - 1.6%
BX Trust
2024-VLT4, 6.84% (1 Month Term SOFR + 2.44%, Rate Floor: 2.44%) due 07/15/29◊,4		20,650,000		20,727,437
2023-DELC, 7.74% (1 Month Term SOFR + 3.34%, Rate Floor: 3.34%) due 05/15/38◊,4		10,650,000		10,736,531
BX Commercial Mortgage Trust
2021-VOLT, 6.51% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 09/15/36◊,4		20,650,000		20,598,375
2024-AIRC, 6.99% (1 Month Term SOFR + 2.59%, Rate Floor: 2.59%) due 08/15/39◊,4		6,500,000		6,532,500
BXHPP Trust
2021-FILM, 5.61% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36◊,4		21,644,000		20,304,334
GS Mortgage Securities Corporation Trust
2020-UPTN, 3.25% (WAC) due 02/10/37◊,4		8,256,000		8,234,670
2020-DUNE, 7.17% (1 Month Term SOFR + 2.76%, Rate Floor: 2.65%) due 12/15/36◊,4		7,340,000		7,000,623
2020-DUNE, 6.57% (1 Month Term SOFR + 2.16%, Rate Floor: 1.90%) due 12/15/36◊,4		2,750,000		2,650,231
JP Morgan Chase Commercial Mortgage Securities Trust
2021-NYAH, 7.40% (1 Month Term SOFR + 3.00%, Rate Floor: 2.64%) due 06/15/38◊,4		15,000,000		11,546,409
SMRT
2022-MINI, 6.35% (1 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 01/15/39◊,4		10,000,000		9,850,000
MHP
2022-MHIL, 7.01% (1 Month Term SOFR + 2.61%, Rate Floor: 2.61%) due 01/15/27◊,4		8,204,525		8,173,758
Total Commercial Mortgage-Backed Securities				126,354,868
Military Housing - 0.3%
Freddie Mac Military Housing Bonds Resecuritization Trust Certificates
2015-R1, 0.70% (WAC) due 10/25/52◊,4,10		155,110,505		7,914,593
2015-R1, 0.70% (WAC) due 11/25/52◊,4,10		147,980,400		7,084,606
2015-R1, 0.70% (WAC) due 11/25/55◊,4,10		62,333,279		3,534,733
Capmark Military Housing Trust
2007-AET2, 6.06% due 10/10/52†††,4		5,385,833		5,034,247
Total Military Housing				23,568,179
Total Collateralized Mortgage Obligations
(Cost $1,277,731,152)				1,128,076,323
U.S. GOVERNMENT SECURITIES†† - 4.9%
U.S. Treasury Notes
4.25% due 03/15/2718		360,000,000		359,906,112
4.63% due 02/28/25		21,000,000		21,005,922
Total U.S. Government Securities
(Cost $380,491,239)				380,912,034
U.S. TREASURY BILLS†† - 0.5%
U.S. Treasury Bills
4.25% due 01/14/2514		42,000,000		41,941,279
Total U.S. Treasury Bills
(Cost $41,935,542)				41,941,279
CONVERTIBLE BONDS†† - 0.3%
Consumer, Non-cyclical - 0.2%
Block, Inc.
due 05/01/2615		21,951,000		20,359,553
Communications - 0.1%
Cable One, Inc.
due 03/15/2615		5,750,000		5,336,000
Total Convertible Bonds
(Cost $25,784,774)				25,695,553
SENIOR FIXED RATE INTERESTS†† - 0.0%
Industrial - 0.0%
Schur Flexibles GmbH
12.10% due 09/30/26	EUR	438,970		400,262
12.63% due 09/30/26	EUR	295,269		269,233
8.66% due 09/30/26	EUR	292,063		266,310

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FIXED RATE INTERESTS†† - 0.0% (continued)
Industrial - 0.0% (continued)
Total Industrial				935,805
Total Senior Fixed Rate Interests
(Cost $1,062,145)				935,805
REPURCHASE AGREEMENTS††,16 - 3.0%
BNP Paribas
issued 12/31/24 at 4.45%    due 01/02/25		86,315,303		86,315,303
BofA Securities, Inc.
issued 12/31/24 at 4.43%    due 01/02/25		69,052,243		69,052,243
J.P. Morgan Securities LLC
issued 12/31/24 at 4.45%    due 01/02/25		43,157,652		43,157,652
Bank of Montreal
issued 12/31/24 at 4.41%    due 01/02/25		34,526,121		34,526,121
Total Repurchase Agreements
(Cost $233,051,319)				233,051,319
		Contracts/Notional Value~
LISTED OPTIONS PURCHASED† - 0.0%
Put Options on:
Equity Options
SPDR S&P Regional Banking ETF Expiring January 2025 with strike price of $43.00 (Notional Value $52,051,875)		8,625		86
Total Listed Options Purchased
(Cost $2,732,367)				86
OTC OPTIONS PURCHASED†† - 0.1%
Put Options on:
Foreign Exchange Options
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $128,987,033)	EUR	81,423,000		1,289,135
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $128,987,033)	EUR	81,423,000		1,289,134
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $90,289,181)	EUR	56,995,000		904,975
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $42,613,895)	EUR	26,900,000		427,122
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $38,694,684)	EUR	24,426,000		387,840
BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $7,017,828)	EUR	4,430,000		70,340
Total Foreign Exchange Options				4,368,546
Equity Options
Goldman Sachs International Gaotu Techedu, Inc. Expiring January 2025 with strike price of $110.00 (Notional Value $110,179,879)		810,981		37,224
Total OTC Options Purchased
(Cost $7,461,719)				4,405,770

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Contracts/Notional Value~		Value
OTC INTEREST RATE SWAPTIONS PURCHASED††,19 - 0.0%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.60% (Notional Value $184,979,480)	GBP	147,700,000	$	761,268
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.23% (Notional Value $200,258,760)	GBP	159,900,000		488,056
Total Interest Rate Call Swaptions				1,249,324
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.48% (Notional Value $200,258,760)	GBP	159,900,000		795,234
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.85% (Notional Value $184,979,480)	GBP	147,700,000		435,272
Total Interest Rate Put Swaptions				1,230,506
Total OTC Interest Rate Swaptions Purchased
(Cost $3,282,605)				2,479,830
Total Investments - 101.3%
(Cost $8,321,934,077)			$	7,947,268,493
OTC INTEREST RATE SWAPTIONS WRITTEN†† - 0.0%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 2.73% (Notional Value $200,258,760)	GBP	159,900,000	$	(243,247	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.10% (Notional Value $184,979,480)	GBP	147,700,000		(377,150	)
Total Interest Rate Call Swaptions				(620,397	)
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.60% (Notional Value $184,979,480)	GBP	147,700,000		(625,210	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.23% (Notional Value $200,258,760)	GBP	159,900,000		(1,129,806	)
Total Interest Rate Put Swaptions				(1,755,016	)
Total OTC Interest Rate Swaptions Written
(Premiums received $2,882,044)				(2,375,413	)
Other Assets & Liabilities, net - (1.3)%				(105,734,830	)
Total Net Assets - 100.0%			$	7,839,158,250

Centrally Cleared Credit Default Swap Agreements Protection Purchased^††

Counterparty	Exchange	Index	Protection Premium Rate			Payment Frequency	Maturity Date		Notional Amount~	Value			Upfront Premiums Received			Unrealized Appreciation (Depreciation)**
J.P. Morgan Securities LLC	ICE	ITRAXX.EUR.42.V1		1.00	%	Quarterly	12/20/29	EUR	62,590,000	$	(1,285,637	)	$	(1,331,127	)	$	45,490
J.P. Morgan Securities LLC	ICE	CDX.NA.IG.43.V1		1.00	%	Quarterly	12/20/29		183,422,063		(4,094,112	)		(3,909,275	)		(184,837	)
										$	(5,379,749	)	$	(5,240,402	)	$	(139,347	)

OTC Credit Default Swap Agreements Protection Purchased^††

Counterparty	Index	Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Received			Unrealized Appreciation**
Morgan Stanley Capital Services LLC	CDX.NA.HY.43.V1 (15-25%)		5.00	%	Quarterly	12/20/29	$	17,220,000	$	(864,769	)	$	(1,078,971	)	$	214,202
Morgan Stanley Capital Services LLC	CDX.NA.HY.43.V1 (25-35%)		5.00	%	Quarterly	12/20/29		17,220,000		(2,478,795	)		(2,591,298	)		112,503
									$	(3,343,564	)	$	(3,670,269	)	$	326,705

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Centrally Cleared Interest Rate Swap Agreements^††

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
J.P. Morgan Securities LLC	CME	Receive	U.S. Secured Overnight Financing Rate		3.55	%	Annually	03/14/54	$	3,060,000	$	206,502		$	295	$	206,207
J.P. Morgan Securities LLC	CME	Pay	U.S. Secured Overnight Financing Rate		3.75	%	Annually	08/01/29		152,530,000		(1,906,292	)		858		(1,907,150	)
											$	(1,699,790	)	$	1,153	$	(1,700,943	)

Total Return Swap Agreements

Counterparty	Reference Obligation	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements††
Bank of America, N.A.	SPDR S&P 500 ETF Trust	Pay	4.97% (Federal Funds Rate + 0.64%)	At Maturity	06/02/25		74,100	$	43,428,528	$	6,325,265
OTC Interest Rate Swap Agreements††
Goldman Sachs International	Goldman Sachs Swaption Forward Volatility Index	Pay	5.33% (Federal Funds Rate + 1.00%)	At Maturity	04/11/25		37,000,000		56,454,600		2,224,699

Forward Foreign Currency Exchange Contracts^†† 

Counterparty	Currency	Type	Quantity		Contract Amount		Settlement Date	Unrealized Appreciation (Depreciation)
Nomura Global Financial Products, Inc.	EUR	Sell		303,105,000	318,212,359	USD	01/17/25	$	3,962,473
Citibank, N.A.	GBP	Sell		58,875,000	74,631,598	USD	01/17/25		928,306
Barclays Bank plc	GBP	Sell		7,400,000	9,415,969	USD	01/17/25		152,201
Barclays Bank plc	CAD	Sell		5,635,000	3,970,952	USD	01/17/25		48,222
Bank of America, N.A.	EUR	Sell		5,600,000	5,844,848	USD	01/17/25		38,942
Bank of America, N.A.	EUR	Sell		2,285,000	2,410,656	USD	02/27/25		37,486
Barclays Bank plc	EUR	Sell		1,374,000	1,448,686	USD	02/27/25		21,668
Toronto-Dominion Bank	EUR	Sell		19,950,000	20,702,209	USD	01/17/25		18,666
Barclays Bank plc	EUR	Sell		2,800,000	2,905,741	USD	01/17/25		2,787
Citibank, N.A.	GBP	Buy		1,015,000	1,272,582	USD	01/17/25		(1,944	)
Barclays Bank plc	EUR	Buy		6,230,000	6,481,556	USD	01/17/25		(22,485	)
Bank of America, N.A.	EUR	Buy		3,150,000	3,315,424	USD	01/17/25		(49,601	)
								$	5,136,721

OTC Interest Rate Swaptions Purchased 

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate			Expiration Date	Exercise Rate			Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.60	%	10/31/25		3.60	%	$	184,979,480	$	761,268
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.23	%	10/28/25		3.23	%		200,258,760		488,056
													$	1,249,324
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.48	%	10/28/25		4.48	%	$	200,258,760	$	795,234
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.85	%	10/31/25		4.85	%		184,979,480		435,272
													$	1,230,506

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

OTC Interest Rate Swaptions Written 

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate			Expiration Date	Exercise Rate			Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		2.73	%	10/28/25		2.73	%	$	200,258,760	$	(243,247	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		3.10	%	10/31/25		3.10	%		184,979,480		(377,150	)
													$	(620,397	)
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.60	%	10/31/25		4.60	%	$	184,979,480	$	(625,210	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.23	%	10/28/25		4.23	%		200,258,760		(1,129,806	)
													$	(1,755,016	)

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Special Purpose Acquisition Company (SPAC).
3	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $7,585,987 (cost $9,914,104), or 0.1% of total net assets — See Note 6.
4	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $3,136,870,598 (cost $3,262,295,840), or 40.0% of total net assets.
5	Rate indicated is the 7-day yield as of December 31, 2024.
6	Perpetual maturity.
7	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
8	Security is in default of interest and/or principal obligations.
9	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
10	Security is an interest-only strip.
11	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
12	Payment-in-kind security.
13	Security is unsettled at period end and does not have a stated effective rate.
14	Rate indicated is the effective yield at the time of purchase.
15	Zero coupon rate security.
16	Repurchase Agreements - The interest rate on repurchase agreements is market driven and based on the underlying collateral obtained. See additional disclosure in the repurchase agreements table below for more information on repurchase agreements.
17	Security is no longer an affiliated entity as a result of New Age Alpha’s acquisition of certain Guggenheim Funds on October 25, 2024.
18	All or a portion of this security is pledged as collateral for swaptions and total return swap agreements at December 31, 2024.
19	Swaptions — See additional disclosure in the swaptions table above for more information on swaptions.

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

CAD — Canadian Dollar

CDX.NA.HY.43.V1 — Credit Default Swap North American High Yield Series 43 Index Version 1

CDX.NA.IG.43.V1 — Credit Default Swap North American Investment Grade Series 43 Index Version 1

CME — Chicago Mercantile Exchange

CMT — Constant Maturity Treasury

EUR — Euro

EURIBOR — European Interbank Offered Rate

GBP — British Pound

ICE — Intercontinental Exchange

ITRAXX.EUR.42.V1 — iTraxx Europe Series 42 Index Version 1

plc — Public Limited Company

PPV — Public-Private Venture

REMIC — Real Estate Mortgage Investment Conduit

SARL —  Société à Responsabilité Limitée

SOFR — Secured Overnight Financing Rate

SONIA — Sterling Overnight Index Average

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	3,707,369	$	1,623,466	$	2,824,069	$	8,154,904
Preferred Stocks		24,510,255		276,975,591		27,496,800		328,982,646
Warrants		1,152		—		248		1,400
Exchange-Traded Funds		73,260,000		—		—		73,260,000
Mutual Funds		379,366,661		—		—		379,366,661
Money Market Funds		174,318,749		—		—		174,318,749
Corporate Bonds		—		2,080,277,256		141,805,288		2,222,082,544
Asset-Backed Securities		—		1,209,248,511		272,221,653		1,481,470,164
Senior Floating Rate Interests		—		1,218,136,815		243,996,611		1,462,133,426
Collateralized Mortgage Obligations		—		1,123,042,076		5,034,247		1,128,076,323
U.S. Government Securities		—		380,912,034		—		380,912,034
U.S. Treasury Bills		—		41,941,279		—		41,941,279
Convertible Bonds		—		25,695,553		—		25,695,553
Senior Fixed Rate Interests		—		935,805		—		935,805
Repurchase Agreements		—		233,051,319		—		233,051,319
Options Purchased		86		4,405,770		—		4,405,856
Interest Rate Swaptions Purchased		—		2,479,830		—		2,479,830
Credit Default Swap Agreements**		—		372,195		—		372,195
Interest Rate Swap Agreements**		—		206,207		—		206,207
Forward Foreign Currency Exchange Contracts**		—		5,210,751		—		5,210,751
Equity Index Swap Agreements**		—		6,325,265		—		6,325,265
Total Return Interest Rate Swap Agreements**		—		2,224,699		—		2,224,699
Total Assets	$	655,164,272	$	6,613,064,422	$	693,378,916	$	7,961,607,610

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swaptions Written	$	—	$	2,375,413	$	—	$	2,375,413
Credit Default Swap Agreements**		—		184,837		—		184,837
Interest Rate Swap Agreements**		—		1,907,150		—		1,907,150
Forward Foreign Currency Exchange Contracts**		—		74,030		—		74,030
Unfunded Loan Commitments (Note 5)		—		—		2,004,052		2,004,052
Total Liabilities	$	—	$	4,541,430	$	2,004,052	$	6,545,482

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2024		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Asset-Backed Securities	$	126,437,406	Yield Analysis	Yield	5.6%-8.8%	7.1%
Asset-Backed Securities		99,785,802	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		30,539,042	Third Party Pricing	Trade Price	—	—
Asset-Backed Securities		15,459,403	Third Party Pricing	Broker Quote	—	—
Collateralized Mortgage Obligations		5,034,247	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Common Stocks		2,585,836	Enterprise Value	Valuation Multiple	2.1x-8.8x	5.1x
Common Stocks		238,191	Model Price	Liquidation Value	—	—
Common Stocks		42	Third Party Pricing	Broker Quote	—	—
Corporate Bonds		72,159,732	Yield Analysis	Yield	6.7%-9.4%	7.0%
Corporate Bonds		39,196,128	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Corporate Bonds		18,009,428	Third Party Pricing	Trade Price	—	—
Corporate Bonds		12,440,000	Third Party Pricing	Broker Quote	—	—
Preferred Stocks		27,496,800	Yield Analysis	Yield	6.6%	—
Senior Floating Rate Interests		134,650,332	Model Price	Purchase Price	—	—
Senior Floating Rate Interests		58,279,928	Third Party Pricing	Broker Quote	—	—
Senior Floating Rate Interests		48,854,993	Yield Analysis	Yield	10.0%-15.1%	10.5%
Senior Floating Rate Interests		1,954,378	Third Party Pricing	Trade Price	—	—
Senior Floating Rate Interests		256,980	Model Price	Liquidation Value	—	—
Warrants		248	Model Price	Liquidation Value	—	—
Total Assets	$	693,378,916
Liabilities:
Unfunded Loan Commitments	$	2,004,152	Model Price	Purchase Price	—	—

* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2024, the Fund had securities with a total value of $25,111,440 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $55,178,606 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Summary of Fair Value Level 3 Activity 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2024:

	Assets																								Liabilities
	Asset-Backed Securities			Collateralized Mortgage Obligations			Corporate Bonds			Senior Floating Rate Interests			Warrants			Common Stocks			Preferred Stocks			Total Assets			Unfunded Loan Commitments
Beginning Balance	$	239,516,962		$	5,406,232		$	137,028,103		$	267,381,117		$	286		$	2,971,450		$	27,633,690		$	679,937,840		$	(1,325,732	)
Purchases/(Receipts)		37,699,163			-			18,773,248			25,529,350			-			-			-			82,001,761			(1,849,839	)
(Sales, maturities and paydowns)/ Fundings		(3,686,625	)		(17,859	)		(105,000	)		(24,884,147	)		-			(565	)		-			(28,694,196	)		656,633
Amortization of premiums/discounts		19,442			(30	)		(1,836	)		303,508			-			-			-			321,084			158,798
Total realized gains (losses) included in earnings		-			(29	)		(16,758	)		(623,200	)		-			(18,207	)		-			(658,194	)		93,501
Total change in unrealized appreciation (depreciation) included in earnings		(3,377,260	)		(354,067	)		(1,392,469	)		(4,072,838	)		(38	)		(128,651	)		(136,890	)		(9,462,213	)		262,587
Transfers into Level 3		15,407,121			-			-			9,704,277			-			42			-			25,111,440			-
Transfers out of Level 3		(13,357,150	)		-			(12,480,000	)		(29,341,456	)		-			-			-			(55,178,606	)		-
Ending Balance	$	272,221,653		$	5,034,247		$	141,805,288		$	243,996,611		$	248		$	2,824,069		$	27,496,800		$	693,378,916		$	(2,004,052	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2024	$	(3,591,755	)	$	(354,067	)	$	(1,703,540	)	$	(3,208,741	)	$	(38	)	$	(128,862	)	$	(136,890	)	$	(9,123,893	)	$	752,305

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, except GAIA Aviation Ltd. which are scheduled to decrease.

Name	Coupon Rate at Next Reset Date	Next Rate Reset Date	Future Reset Rate	Future Reset Date
BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70	6.13%	01/30/25	—	—
Citigroup Mortgage Loan Trust, Inc. 2022-A, 6.17% due 09/25/62	9.17%	09/25/25	10.17%	09/25/26
GAIA Aviation Ltd. 2019-1, 3.97% due 12/15/44	2.00%	10/15/26	—	—
GAIA Aviation Ltd. 2019-1, 5.19% due 12/15/44	2.00%	10/15/26	—	—
GCAT Trust 2022-NQM5, 5.71% due 08/25/67	6.71%	10/01/26	—	—
GCAT Trust 2023-NQM2, 6.60% due 11/25/67	7.60%	01/01/27	—	—
Mill City Securities Ltd. 2024-RS2, 3.00% due 08/01/69	6.00%	12/01/27	—	—
Mill City Securities Ltd. 2024-RS1, 4.00% due 11/01/69	7.00%	10/01/27	—	—
NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62	8.25%	07/01/25	9.25%	07/01/26
OBX Trust 2022-NQM8, 6.10% due 09/25/62	7.10%	10/01/26	—	—
OBX Trust 2022-NQM9, 6.45% due 09/25/62	7.45%	11/01/26	—	—
OBX Trust 2023-NQM2, 6.80% due 01/25/62	7.80%	02/01/27	—	—
OSAT Trust 2021-RPL1, 5.12% due 05/25/65	6.12%	06/25/25	—	—
PRPM LLC 2024-4, 6.41% due 08/25/29	9.41%	08/25/27	10.41%	08/25/28
Verus Securitization Trust 2022-8, 6.13% due 09/25/67	7.13%	10/01/26	—	—

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Repurchase Agreements

The Fund may engage in repurchase agreements. Repurchase agreements are fixed income securities in the form of agreements backed by collateral. These agreements typically involve the acquisition by the Fund of securities from the selling institution coupled with the agreement that the selling institution will repurchase the underlying securities at a specified price and at a fixed time in the future. The Fund may accept a wide variety of underlying securities as collateral for the repurchase agreements entered into by the Fund. Any such securities serving as collateral are marked-to-market daily in order to maintain full collateralization.

In connection with transactions in repurchase agreements, it is the Fund’s policy that its custodian take possession of the underlying collateral. The collateral is in the possession of the Fund’s custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements, subject to minimum amounts to initiate a margin call, with the exception of where securities are being sold short. The interest rate on repurchase agreements is market driven and based on the underlying collateral obtained. 

The use of repurchase agreements involves certain risks. For example, if the selling institution defaults on its obligation to repurchase the underlying securities at a time when the value of securities has declined, the Fund may incur a loss upon disposition of them. In the event of an insolvency or bankruptcy by the selling institution, the Fund’s right to control the collateral could be affected and result in certain costs and delays. In addition, the Fund could incur a loss if the value of the underlying collateral falls below the agreed upon repurchase price.

At December 31, 2024, the repurchase agreements in the account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
BNP Paribas					U.S. Treasury Notes
4.45%					0.88% - 1.13%
Due 01/02/25	$	86,315,303	$	86,347,312	Due 09/30/26 - 10/31/26	$	48,196,100	$	45,639,795
					U.S. Treasury Inflation Indexed Bonds
					0.13% - 2.38%
					Due 10/15/28- 07/15/30		45,183,472		42,283,828
					U.S. Treasury Bill
					0.00%
					Due 02/18/25		140,000		139,235
					U.S. Treasury Bonds
					3.75% - 3.88%
					Due 02/15/43- 11/15/43		600		535
							93,520,172		88,063,393
BofA Securities, Inc.					U.S. Treasury Note
4.43%					1.88%
Due 01/02/25		69,052,243		69,077,735	Due 02/28/29		65,841,900		60,074,746
					U.S. Treasury Bond
					4.63%
					Due 05/15/54		10,550,800		10,358,544
							76,392,700		70,433,290
J.P. Morgan Securities LLC					U.S. Treasury Note
4.45%					4.63%
Due 01/02/25		43,157,652		43,173,656	Due 06/15/27		43,577,000		44,031,768
Bank of Montreal					U.S. Treasury Bonds
4.41%					3.00% - 3.63%
Due 01/02/25		34,526,121		34,538,809	Due 02/15/48- 05/15/53		45,599,900		35,225,339

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments ("GI"), result in that company being considered an affiliated person, as defined in the Investment Company Act of 1940 ("affiliated issuer").

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short-term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds' annual report on Form N-CSR dated September 30, 2024 is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000139834424022509/fp0090292-6_ncsrixbrl.htm. The Fund also may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Macro Opportunities Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Transactions during the period ended December 31, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/24		Additions		Reductions			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 12/31/24		Shares 12/31/24		Investment Income		Capital Gain Distributions
Common Stocks
BP Holdco LLC*	$	45,503	$	–	$	–		$	–		$	–		$	45,503		37,539	$	–	$	–
Mutual Funds
Guggenheim Limited Duration Fund — Class R6		134,197,181		1,487,267		–			–			(1,092,504	)		134,591,944		5,518,325		1,471,525		–
Guggenheim Strategy Fund II		20,765,053		38,752,807		(4,000,000	)		(22,950	)		155,483			55,650,393		2,239,452		744,584		–
Guggenheim Strategy Fund III		36,046,213		38,434,135		(7,600,000	)		(64,965	)		212,492			67,027,875		2,687,565		923,975		–
Guggenheim Ultra Short Duration Fund — Institutional Class		52,967,485		691,830		–			–			(52,392	)		53,606,923		5,355,337		684,830		–
NAA Opportunity Fund1		33,415,126		–		–			–			–			–		–		291,398		–
NAA Risk Managed Real Estate Fund1		38,251,104		–		–			–			–			–		–		414,779		610,464
	$	315,687,665	$	79,366,039	$	(11,600,000	)	$	(87,915	)	$	(776,921	)	$	310,922,638			$	4,531,091	$	610,464

*	Non-income producing security.
1	Security is no longer an affiliated entity as a result of New Age Alpha’s acquisition of certain Guggenheim Funds on October 25, 2024.

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
MUNICIPAL BONDS†† - 88.2%
California - 14.2%
Newport Mesa Unified School District General Obligation Unlimited
due 08/01/391		1,300,000	$	733,479
California Statewide Communities Development Authority Revenue Bonds
5.25% due 08/15/52		500,000		531,723
Compton Unified School District General Obligation Unlimited
due 06/01/401		1,000,000		528,545
Alameda Corridor Transportation Authority Revenue Bonds
due 10/01/512		500,000		282,035
California Enterprise Development Authority Revenue Bonds
5.00% due 06/01/343		250,000		261,962
El Monte Union High School District General Obligation Unlimited
due 06/01/431		500,000		230,068
Westside Elementary School District General Obligation Unlimited
5.00% due 08/01/48		155,000		160,414
M-S-R Energy Authority Revenue Bonds
6.13% due 11/01/29		145,000		153,848
Freddie Mac Multifamily VRD Certificates Revenue Bonds
2.40% due 10/15/29		150,000		139,713
Coast Community College District General Obligation Unlimited
due 08/01/401		250,000		131,573
Department of Veterans Affairs Veteran’s Farm & Home Purchase Program Revenue Bonds
3.45% due 12/01/39		110,000		103,166
Total California				3,256,526
Pennsylvania - 7.3%
Pennsylvania Housing Finance Agency Revenue Bonds
4.95% due 10/01/38		1,000,000		1,050,088
School District of Philadelphia General Obligation Limited
5.25% due 09/01/43		575,000		628,970
Total Pennsylvania				1,679,058
Oregon - 6.5%
Clackamas & Washington Counties School District No. 3 General Obligation Unlimited
due 06/15/481		2,000,000		631,583
due 06/15/501		400,000		113,218
due 06/15/491		350,000		104,533
Salem-Keizer School District No. 24J General Obligation Unlimited
due 06/15/401		1,250,000		619,004
Total Oregon				1,468,338
Michigan - 5.9%
Michigan Technological University Revenue Bonds
5.25% due 10/01/53		1,000,000		1,079,002
Michigan State Housing Development Authority Revenue Bonds
3.35% due 12/01/34		200,000		186,699
Flint Hospital Building Authority Revenue Bonds
5.00% due 07/01/25		100,000		100,139
Total Michigan				1,365,840
Nebraska - 5.5%
Nebraska Investment Finance Authority Revenue Bonds
4.95% due 09/01/38		1,000,000		1,051,158
Central Plains Energy Project Revenue Bonds
5.00% due 09/01/29		200,000		209,124
Total Nebraska				1,260,282
Virginia - 5.4%
Freddie Mac Multifamily Variable Rate Certificate Revenue Bonds
3.15% due 10/15/36		1,255,000		1,076,569
Loudoun County Economic Development Authority Revenue Bonds
due 07/01/491		500,000		160,857
Total Virginia				1,237,426
New York - 4.9%
Westchester County Local Development Corp. Revenue Bonds
5.75% due 11/01/53		750,000		827,217
New York Power Authority Revenue Bonds
5.25% due 11/15/41		250,000		287,384
Total New York				1,114,601
Tennessee - 4.9%
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Revenue Bonds
2.25% due 07/01/45		1,500,000		954,291
2.48% due 12/01/37		200,000		155,587
Total Tennessee				1,109,878
Maine - 4.7%
Maine Health & Higher Educational Facilities Authority Revenue Bonds
5.25% due 07/01/48		1,000,000		1,075,134

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
MUNICIPAL BONDS†† - 88.2% (continued)
Arizona - 3.3%
Arizona Industrial Development Authority Revenue Bonds
5.25% due 11/01/48		500,000	$	538,841
Salt Verde Financial Corp. Revenue Bonds
5.00% due 12/01/32		200,000		212,651
Total Arizona				751,492
Colorado - 2.8%
City & County of Denver Colorado Airport System Revenue Bonds
5.00% due 12/01/28		200,000		210,233
Canyons Metropolitan District No. 5 General Obligation Limited
4.13% due 12/01/54		200,000		188,456
City & County of Denver Colorado Pledged Excise Tax Revenue Bonds
due 08/01/301		200,000		161,823
Colorado School of Mines Revenue Bonds
5.00% due 12/01/47		100,000		101,891
Total Colorado				662,403
North Carolina - 2.8%
Inlivian Revenue Bonds
2.02% due 04/01/42		1,000,000		647,290
Texas - 2.7%
Harris County-Houston Sports Authority Revenue Bonds
due 11/15/531		1,000,000		235,354
Arlington Higher Education Finance Corp. Revenue Bonds
5.00% due 12/01/46		200,000		200,486
Hutto Independent School District General Obligation Unlimited
5.00% due 08/01/49		100,000		102,588
Texas Municipal Gas Acquisition and Supply Corporation I Revenue Bonds
6.25% due 12/15/26		65,000		67,142
Total Texas				605,570
Oklahoma - 2.5%
Oklahoma Development Finance Authority Revenue Bonds
5.00% due 08/15/28		350,000		361,772
Oklahoma City Airport Trust Revenue Bonds
5.00% due 07/01/30		200,000		208,196
Total Oklahoma				569,968
Georgia - 2.3%
Columbia County Hospital Authority Revenue Bonds
5.00% due 04/01/48		500,000		529,265
Washington - 1.8%
Central Puget Sound Regional Transit Authority Revenue Bonds
5.00% due 11/01/41		200,000		204,092
Washington State Convention Center Public Facilities District Revenue Bonds
4.00% due 07/01/48		210,000		194,099
Total Washington				398,191
Arkansas - 1.5%
County of Baxter Arkansas Revenue Bonds
5.00% due 09/01/26		330,000		331,700
West Virginia - 1.3%
West Virginia Hospital Finance Authority Revenue Bonds
5.00% due 06/01/42		300,000		305,469
New Mexico - 1.1%
New Mexico Mortgage Finance Authority Revenue Bonds
4.95% due 09/01/38		245,000		257,534
City of Albuquerque New Mexico Gross Receipts Tax Revenue Bonds
5.00% due 07/01/25		10,000		9,956
Total New Mexico				267,490
Alaska - 1.1%
University of Alaska Revenue Bonds
5.00% due 10/01/40		260,000		262,751
South Carolina - 0.9%
Charleston County Airport District Revenue Bonds
5.00% due 07/01/43		200,000		208,632
Ohio - 0.9%
American Municipal Power, Inc. Revenue Bonds
5.00% due 02/15/41		200,000		202,226
Vermont - 0.9%
Vermont Educational & Health Buildings Financing Agency Revenue Bonds
5.00% due 12/01/46		200,000		201,324
Connecticut - 0.8%
New Haven Housing Authority Revenue Bonds
2.26% due 05/01/38		239,951		176,134
Massachusetts - 0.7%
Massachusetts Development Finance Agency Revenue Bonds
5.00% due 10/01/34		150,000		159,485
Wisconsin - 0.6%
Public Finance Authority Revenue Bonds
4.50% due 07/15/493		150,000		141,731

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
MUNICIPAL BONDS†† - 88.2% (continued)
Kansas - 0.5%
University of Kansas Hospital Authority Revenue Bonds
5.00% due 09/01/48		100,000	$	102,502
Iowa - 0.4%
PEFA, Inc. Revenue Bonds
5.00% (VRDN) due 09/01/264		100,000		101,567
Missouri - 0.0%
Industrial Development Authority of the City of State Louis Missouri Revenue Bonds
2.22% due 12/01/38		9,797		7,220
Louisiana - 0.0%
Louisiana Public Facilities Authority Revenue Bonds
5.00% due 05/15/26		5,000		5,070
Maryland - 0.0%
Maryland Health & Higher Educational Facilities Authority Revenue Bonds
5.00% due 07/01/27		5,000		5,054
Total Municipal Bonds
(Cost $22,169,329)				20,209,617
Total Investments - 88.2%
(Cost $22,169,329)			$	20,209,617
Other Assets & Liabilities, net - 11.8%				2,716,028
Total Net Assets - 100.0%			$	22,925,645

Centrally Cleared Interest Rate Swap Agreements^††

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		1.67	%	Quarterly	09/27/51	$	2,550,000	$	1,076,860		$	(718	)	$	1,077,578
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.68	%	Annually	10/20/28		2,600,000		56,420			237			56,183
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.26	%	Annually	05/24/53		400,000		47,304			105			47,199
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.98	%	Annually	10/11/25		2,700,000		15,253			37			15,216
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		4.11	%	Annually	11/20/33		770,000		(2,637	)		(5,777	)		3,140
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.08	%	Annually	12/23/29		970,000		1,555			302			1,253
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.02	%	Annually	01/03/32		850,000		–			305			(305	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.04	%	Annually	01/02/30		600,000		(424	)		303			(727	)
											$	1,194,331		$	(5,206	)	$	1,199,537

**	Includes cumulative appreciation (depreciation).
††	Value determined based on Level 2 inputs. — See Note 3.
1	Zero coupon rate security.
2	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
3	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $403,693 (cost $413,597), or 1.8% of total net assets — See Note 6.
4	The rate is adjusted periodically by the counterparty, allows the holder to tender the security upon a rate reset, and is not based upon a set reference rate and spread. Rate indicated is the rate effective at December 31, 2024.

BofA — Bank of America

CME — Chicago Mercantile Exchange

VRDN — Variable Rate Demand Note

See Sector Classification in Other Information section.

Municipal Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The following table summarizes the inputs used to value the Fund’s investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Municipal Bonds	$	—	$	20,209,617	$	—	$	20,209,617
Interest Rate Swap Agreements**		—		1,200,569		—		1,200,569
Total Assets	$	—	$	21,410,186	$	—	$	21,410,186

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swap Agreements**	$	—	$	1,032	$	—	$	1,032

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date	Future Reset Rate(s)		Future Reset Date(s)
Alameda Corridor Transportation Authority Revenue Bonds, due 10/01/51		5.20	%	10/01/37		—		—

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
COMMON STOCKS† - 0.0%
Communications - 0.0%
Xplore, Inc.*,††		80,273	$	401,365
Vacasa, Inc. — Class A*		18,219		89,273
Total Communications				490,638
Industrial - 0.0%
YAK BLOCKER 2 LLC*,†††		44,094		71,355
YAK BLOCKER 2 LLC*,†††		40,754		65,952
API Heat Transfer Intermediate*,†††		31		41,911
BP Holdco LLC*,†††,1		532		645
Vector Phoenix Holdings, LP*,†††		532		11
Total Industrial				179,874
Financial - 0.0%
Pershing Square Tontine Holdings, Ltd. — Class A*,†††,2		9,315,080		932
Total Common Stocks
(Cost $4,149,979)				671,444
PREFERRED STOCKS† - 2.7%
Financial - 2.3%
Wells Fargo & Co.††
3.90%		66,688,000		64,795,413
6.85%		12,840,000		13,252,812
7.63%		4,100,000		4,350,607
Markel Group, Inc.††
6.00%		72,131,000		71,995,978
Equitable Holdings, Inc.††
4.95%		68,525,000		68,128,781
Charles Schwab Corp.††
4.00%		73,673,000		63,601,978
Bank of New York Mellon Corp.††
3.75%		65,200,000		61,618,884
Citigroup, Inc.††
3.88%		31,175,000		30,268,436
4.00%		26,571,000		25,870,150
Goldman Sachs Group, Inc.††
7.50%		25,300,000		26,393,327
3.80%		25,830,000		24,940,539
3.65%		2,450,000		2,340,737
MetLife, Inc.††
3.85%		53,467,000		52,492,303
JPMorgan Chase & Co.††
3.65%		37,412,000		36,292,811
Bank of America Corp.††
4.38%		27,700,000		26,670,727
Kuvare US Holdings, Inc.††
7.00% due 02/17/513		15,731,000		15,750,664
CNO Financial Group, Inc.
5.13% due 11/25/60		710,775		13,590,018
Jackson Financial, Inc.
8.00%		472,000		12,347,520
Selective Insurance Group, Inc.
4.60%		541,225		9,374,017
Depository Trust & Clearing Corp.††
3.38%3		4,750,000		4,487,537
State Street Corp.††
6.70%		2,645,000		2,697,255
Corebridge Financial, Inc.
6.38% due 12/15/64		44,520		1,134,815
First Republic Bank††
4.25%*		2,368,525		1,421
4.50%*		276,775		111
Total Financial				632,396,841
Communications - 0.2%
AT&T Mobility II LLC
6.80%*,†††		47,000		47,864,800
Energy - 0.1%
Venture Global LNG, Inc.††
9.00%3		21,555,000		22,536,701
Government - 0.1%
CoBank ACB††
7.13%		16,500,000		16,774,164
4.25%		3,300,000		3,141,350
Total Preferred Stocks
(Cost $812,457,905)				722,713,856
WARRANTS† - 0.0%
Ginkgo Bioworks Holdings, Inc.
Expiring 09/16/26*		101,490		913
Pershing Square SPARC Holdings, Ltd.*,†††,2		2,846,274		285
Pershing Square Tontine Holdings, Ltd.
Expiring 07/24/25*,†††,2		1,035,008		104
Total Warrants
(Cost $233,835)				1,302
MUTUAL FUNDS† - 0.9%
Guggenheim Limited Duration Fund — Class R61		5,408,430		131,911,607
Guggenheim Strategy Fund III1		2,159,418		53,855,889
Guggenheim Ultra Short Duration Fund — Institutional Class1		3,059,554		30,626,134
Guggenheim Strategy Fund II1		1,126,406		27,991,181
Total Mutual Funds
(Cost $240,357,041)				244,384,811
MONEY MARKET FUNDS***,† - 0.4%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.33%4		95,003,052		95,003,052
Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.34%4		17,700,352		17,700,352
Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 4.30%4		3,122,580		3,122,580
Total Money Market Funds
(Cost $115,825,984)				115,825,984

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4%
Government Agency - 23.0%
Uniform MBS 30 Year
due 03/01/255		907,594,618	$	875,199,843
due 03/01/255		675,305,000		634,655,016
due 02/01/255		650,482,382		627,569,791
due 03/25/255		486,030,000		412,245,300
due 02/01/255		269,860,000		266,214,191
due 03/01/255		199,940,000		162,732,765
due 02/01/255		192,250,000		149,417,277
Fannie Mae
5.00% due 05/01/53		213,599,609		206,709,550
6.00% due 09/01/54		187,508,825		189,719,324
3.00% due 05/01/52		213,331,979		181,644,937
5.50% due 05/01/53		171,717,660		169,790,983
5.50% due 09/01/54		162,045,670		160,645,516
5.50% due 06/01/54		150,686,480		148,751,847
5.50% due 06/01/53		147,281,952		145,601,316
5.00% due 04/01/53		109,922,500		106,402,140
5.00% due 08/01/53		76,766,371		74,274,199
5.00% due 06/01/53		26,484,887		25,610,959
due 12/25/436		8,965,357		6,535,426
3.05% due 03/01/50		5,732,146		4,369,192
2.51% due 10/01/46		5,330,125		4,122,008
2.49% due 12/01/39		4,044,491		3,114,224
4.24% due 08/01/48		3,334,999		2,883,480
2.54% due 12/01/39		3,529,509		2,740,331
3.00% due 01/01/52		2,703,987		2,305,972
3.42% due 10/01/47		2,603,199		2,191,805
3.26% due 11/01/46		2,231,772		1,852,150
2.69% due 02/01/52		2,386,401		1,754,211
2.49% due 09/01/51		2,418,156		1,711,825
2.62% due 12/01/51		2,229,021		1,614,848
2.93% due 03/01/52		1,996,645		1,525,931
3.46% due 08/01/49		1,590,522		1,321,728
2.51% due 07/01/50		1,705,335		1,248,881
2.43% due 12/01/51		1,900,000		1,195,195
3.74% due 02/01/48		1,183,835		1,022,067
4.05% due 09/01/48		1,097,509		975,504
2.32% due 07/01/50		1,305,768		930,815
3.96% due 06/01/49		912,037		787,161
3.00% due 05/01/52		874,342		750,632
3.60% due 10/01/47		872,619		742,533
2.65% due 12/01/51		956,395		695,794
2.34% due 03/01/51		837,958		598,075
3.91% due 07/01/49		640,268		547,469
3.18% due 09/01/42		613,004		506,797
2.56% due 05/01/39		579,489		439,918
2.51% due 02/01/48		553,608		415,311
3.00% due 07/01/46		415,921		358,613
3.51% due 11/01/47		351,779		298,789
4.33% due 09/01/48		315,573		289,263
3.50% due 10/01/45		316,272		285,363
4.22% due 04/01/49		312,161		273,558
3.77% due 08/01/45		282,889		238,077
4.23% due 07/01/39		263,936		236,637
2.00% due 02/25/52		381,606		219,433
5.00% due 12/01/44		215,090		211,934
4.50% due 04/01/48		212,286		201,685
3.50% due 11/01/47		219,480		196,984
3.00% due 03/01/52		220,431		188,524
3.50% due 12/01/45		183,192		164,573
3.50% due 08/01/43		179,197		162,936
3.95% due 06/01/49		185,238		158,218
2.50% due 01/25/52		258,672		156,404
3.18% due 08/01/42		175,634		145,184
4.00% due 10/01/45		117,827		109,450
2.06% due 09/01/36		140,000		102,383
5.00% due 05/01/44		97,671		96,237
2.34% due 09/01/39		122,193		90,588
2.50% due 11/25/50		140,783		78,359
5.00% due 04/01/44		68,293		66,650
2.00% due 10/25/51		102,442		50,426
2.28% due 01/01/51		66,481		47,359
3.50% due 06/01/46		11,988		10,760
Freddie Mac
6.00% due 08/01/54		249,736,388		253,111,287
5.50% due 09/01/53		187,839,457		187,601,391
5.50% due 06/01/54		177,526,873		175,247,642
5.50% due 06/01/53		159,704,833		158,065,388
5.50% due 10/01/54		118,091,566		116,575,375
5.00% due 04/01/53		109,815,263		106,255,834
6.00% due 09/01/54		100,734,874		101,980,504
5.50% due 09/01/54		100,729,936		100,011,252
5.00% due 03/01/53		65,283,441		63,189,096
5.50% due 02/01/53		11,992,214		11,897,775
5.00% due 08/01/53		8,518,518		8,280,152
1.96% due 05/01/50		1,493,242		1,006,520
5.00% due 09/01/52		936,088		915,610
3.00% due 08/01/46		443,495		385,368
4.50% due 06/01/48		184,289		176,081
3.50% due 12/01/45		166,785		149,883
4.00% due 11/01/45		149,110		138,650
2.00% due 10/25/51		256,104		125,515
4.00% due 08/01/45		133,563		124,193
4.00% due 09/01/45		124,924		116,160
2.50% due 02/25/52		139,823		79,452
2.00% due 09/25/51		169,952		79,133
4.00% due 05/25/52		81,000		63,716
Ginnie Mae
due 02/01/255		243,328,901		236,168,218
6.00% due 06/20/47		9,231,549		9,261,009
Fannie Mae-Aces
1.49% (WAC) due 03/25/35◊,7		199,042,484		16,581,214
Freddie Mac Seasoned Credit Risk Transfer Trust
2.00% due 11/25/59		10,060,878		7,843,018
2.00% due 05/25/60		8,330,851		6,531,015
FARM Mortgage Trust
2.18% (WAC) due 01/25/51◊,3		9,922,513		7,820,888
Total Government Agency				6,160,303,963
Residential Mortgage-Backed Securities - 10.4%
OBX Trust
2024-NQM5, 6.39% due 01/25/643,8		18,348,404		18,436,475

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
2024-NQM6, 6.85% due 02/25/643,8		15,785,330	$	15,950,565
2024-NQM5, 5.99% due 01/25/643,8		14,849,596		14,924,965
2024-NQM4, 6.07% due 01/25/643,8		13,949,355		14,020,133
2024-NQM7, 6.24% due 03/25/643,8		12,226,427		12,322,672
2024-NQM6, 6.45% due 02/25/643,8		12,058,297		12,178,737
2024-NQM9, 6.44% due 01/25/643,8		11,386,313		11,462,273
2022-NQM9, 6.45% due 09/25/623,8,9		9,716,460		9,758,135
2024-NQM8, 6.59% due 05/25/643,8		9,526,222		9,604,068
2024-NQM6, 6.70% due 02/25/643,8		9,425,852		9,508,225
2024-NQM16, 5.89% due 10/25/643,8		9,307,678		9,283,373
2024-NQM5, 6.29% due 01/25/643,8		9,153,860		9,202,179
2024-NQM7, 6.60% due 03/25/643,8		8,849,197		8,926,265
2024-NQM8, 6.23% due 05/25/643,8		8,363,860		8,435,506
2024-NQM11, 6.23% due 06/25/643,8		8,382,502		8,415,440
2024-NQM17, 6.02% due 11/25/643,8		8,136,570		8,149,098
2024-NQM18, 5.87% due 10/25/643,8		7,962,835		7,943,599
2024-NQM10, 6.33% due 05/25/643,8		7,592,513		7,641,691
2024-NQM4, 6.32% due 01/25/643,8		7,601,146		7,628,600
2024-NQM15, 5.72% due 10/25/643,8		7,333,044		7,292,896
2024-NQM8, 6.44% due 05/25/643,8		7,120,004		7,173,135
2024-NQM11, 6.13% due 06/25/643,8		6,423,548		6,448,854
2024-NQM7, 6.45% due 03/25/643,8		6,155,963		6,196,883
2024-NQM3, 6.13% due 12/25/633,8		5,829,022		5,869,019
2024-NQM11, 5.88% due 06/25/643,8		5,466,849		5,483,953
2024-NQM13, 5.37% due 06/25/643,8		5,494,085		5,446,088
2023-NQM2, 6.32% due 01/25/623,8		4,968,007		4,994,494
2024-NQM3, 6.33% due 12/25/638,9		4,830,902		4,858,373
2023-NQM9, 7.66% due 10/25/638,9		4,756,221		4,848,608
2024-NQM16, 5.73% due 10/25/648,9		4,661,636		4,646,720
2024-NQM17, 5.86% due 11/25/648,9		3,572,153		3,577,687
2024-NQM4, 6.22% due 01/25/648,9		3,508,221		3,520,997
2024-NQM2, 6.18% due 12/25/638,9		3,270,629		3,281,428
2022-NQM8, 6.10% due 09/25/628,9		3,261,560		3,259,053
2024-NQM9, 6.28% due 01/25/648,9		3,188,203		3,207,060
2023-NQM2, 6.72% due 01/25/628,9		2,889,852		2,904,754
2024-NQM12, 5.83% due 07/25/648,9		2,887,375		2,880,531
2024-NQM3, 6.43% due 12/25/638,9		1,517,143		1,528,693
FIGRE Trust
2024-HE2, 6.38% (WAC) due 05/25/54◊,3		39,075,687		39,809,458
2024-HE6, 5.72% (WAC) due 12/25/54◊,3		31,500,000		31,519,687
2024-HE5, 5.44% (WAC) due 10/25/54◊,3		27,351,339		27,165,552
2024-HE4, 5.06% (WAC) due 09/25/54◊,3		20,473,502		20,093,634
2024-HE1, 6.17% (WAC) due 03/25/54◊,3		14,963,941		15,114,276
2024-HE3, 5.94% (WAC) due 07/25/54◊,3		11,793,112		11,883,510
2024-HE5, 5.59% (WAC) due 10/25/54◊,3		8,620,930		8,526,737
2024-HE3, 6.13% (WAC) due 07/25/54◊,3		4,898,677		4,936,098
2024-HE3, 6.23% (WAC) due 07/25/54◊,9		2,540,055		2,551,797
2024-HE6, 5.87% (WAC) due 12/25/54◊,9		2,500,000		2,483,365
BRAVO Residential Funding Trust
2022-R1, 3.13% due 01/29/703,8		77,926,075		77,355,664
2023-NQM2, 4.50% due 05/25/623,8,9		27,918,000		27,287,245
2024-NQM3, 6.19% due 03/25/643,8		12,028,753		12,106,916
2021-HE1, 6.07% (30 Day Average SOFR + 1.50%, Rate Floor: 0.00%) due 01/25/70◊,3		7,500,000		7,490,447
2024-NQM1, 6.40% due 12/01/633,8		6,042,062		6,068,698
2024-NQM3, 6.50% due 03/25/643,8		5,554,945		5,586,608

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
2023-NQM6, 7.06% due 09/25/633,8		5,331,690	$	5,395,578
2023-NQM5, 7.01% due 06/25/638,9		3,317,792		3,349,937
2024-NQM3, 6.39% due 03/25/648,9		2,037,370		2,049,046
JP Morgan Mortgage Trust
2021-12, 2.50% (WAC) due 02/25/52◊,3		90,797,013		83,342,252
2021-13, 2.50% (WAC) due 04/25/52◊,3		40,540,533		37,201,079
2024-NQM1, 5.85% due 02/25/643,8		8,250,000		8,258,270
2024-NQM1, 5.95% due 02/25/643,8		7,850,000		7,857,252
2024-NQM1, 5.59% due 02/25/643,8		6,750,000		6,757,771
PRPM LLC
2021-5, 4.79% due 06/25/263,8		47,373,062		47,162,261
2021-8, 4.74% (WAC) due 09/25/26◊,3		24,569,641		24,449,525
2024-RPL2, 3.50% due 05/25/543		23,685,058		22,665,203
2024-6, 5.70% due 11/25/293,8		14,035,365		14,036,775
2024-4, 6.41% due 08/25/293,8		13,711,345		13,743,820
2022-1, 3.72% due 02/25/273,8		9,266,015		9,239,436
2024-5, 5.69% due 09/25/293,8		7,278,305		7,250,646
2023-RCF1, 4.00% due 06/25/538,9		3,963,445		3,870,914
Angel Oak Mortgage Trust
2024-4, 6.20% due 01/25/693,8		27,880,695		28,049,328
2023-1, 4.75% due 09/26/673,8		20,081,929		19,615,053
2023-2, 4.65% due 10/25/673,8		19,739,363		19,411,707
2024-2, 5.99% due 01/25/693,8		17,267,188		17,311,459
2024-4, 6.50% due 01/25/693,8		8,588,439		8,632,789
2024-2, 6.19% due 01/25/693,8		8,460,922		8,526,832
2024-2, 6.25% due 01/25/693,8		7,803,906		7,840,314
2024-3, 4.80% due 11/26/688,9		7,353,070		7,146,972
2024-4, 6.40% due 01/25/698,9		4,230,758		4,259,391
2024-12, 6.01% due 10/25/698,9		4,232,872		4,229,555
CSMC Trust
2021-RPL4, 4.80% (WAC) due 12/27/60◊,3		56,117,141		55,939,137
2021-RPL7, 4.19% (WAC) due 07/27/61◊,3		47,002,189		46,865,559
2021-RPL1, 4.08% (WAC) due 09/27/60◊,3		21,555,503		21,503,498
Legacy Mortgage Asset Trust
2021-GS2, 4.75% due 04/25/613,8		32,291,379		32,280,706
2021-GS3, 4.75% due 07/25/613,8		30,597,898		30,559,225
2021-GS5, 5.25% due 07/25/673,8		20,300,361		20,247,862
2021-GS4, 4.65% due 11/25/608,9		4,422,127		4,422,181
Vista Point Securitization Trust
2024-CES2, 5.25% due 10/25/543,8		42,433,710		41,954,748
2024-CES3, 5.68% due 01/25/553,8		34,050,000		34,103,220
2024-CES1, 6.68% due 05/25/543,8		10,420,300		10,534,576
Verus Securitization Trust
2024-9, 5.69% due 11/25/693,8		16,000,000		15,953,792
2023-7, 7.42% due 10/25/683,8		14,842,978		15,082,937
2024-5, 6.65% due 06/25/693,8		13,569,878		13,679,444
2022-8, 6.13% due 09/25/673,8,9		12,768,839		12,742,214
2024-9, 5.89% due 11/25/693,8		10,350,000		10,299,239
2024-1, 6.12% due 01/25/698,9		3,188,576		3,193,851
2023-2, 6.85% due 03/25/688,9		2,965,896		2,987,714
2024-5, 6.45% due 06/25/698,9		2,292,209		2,307,396
COLT Mortgage Loan Trust
2023-3, 7.18% due 09/25/683,8		33,151,717		33,624,066
2024-2, 6.13% due 04/25/693,8		11,137,971		11,197,974
2023-3, 7.58% due 09/25/683,8		7,462,051		7,598,950
2021-2, 2.38% (WAC) due 08/25/66◊,9		7,108,000		4,824,278
2023-4, 7.62% due 10/25/688,9		4,635,713		4,718,397
2024-2, 6.33% due 04/25/698,9		4,588,677		4,608,681
2024-2, 6.43% due 04/25/698,9		4,254,955		4,275,150

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
2024-1, 6.14% due 02/25/698,9		3,638,476	$	3,640,326
Mill City Securities Ltd.
2024-RS1, 3.00% due 11/01/693,8		51,275,286		46,686,148
2024-RS2, 3.00% due 08/01/693,8		29,397,000		27,165,621
GCAT Trust
2022-NQM5, 5.71% due 08/25/673,8		20,199,006		20,133,222
2023-NQM3, 6.89% due 08/25/683,8		15,395,748		15,583,459
2024-NQM2, 6.44% due 06/25/593,8		11,378,848		11,456,495
2022-NQM3, 4.35% (WAC) due 04/25/67◊,3		10,387,328		9,564,478
2023-NQM3, 7.34% due 08/25/688,9		3,915,471		3,973,761
2024-NQM2, 6.09% due 06/25/598,9		3,315,072		3,332,261
2024-NQM2, 6.54% due 06/25/598,9		2,519,422		2,536,539
2023-NQM2, 6.24% due 11/25/678,9		2,463,247		2,463,248
2022-NQM4, 5.73% due 08/25/678,9		1,880,333		1,873,485
Morgan Stanley ABS Capital I Incorporated Trust
2006-NC5, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 10/25/36◊		24,264,461		12,291,595
2007-HE5, 4.79% (1 Month Term SOFR + 0.45%, Rate Floor: 0.34%) due 03/25/37◊		25,473,711		10,676,241
2006-HE6, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 09/25/36◊		22,340,558		7,490,076
2006-HE5, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 08/25/36◊		12,440,077		6,138,939
2007-HE3, 4.56% (1 Month Term SOFR + 0.22%, Rate Floor: 0.11%) due 12/25/36◊		10,273,716		5,117,006
2006-HE4, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 06/25/36◊		7,676,711		3,873,002
2006-HE5, 4.95% (1 Month Term SOFR + 0.61%, Rate Floor: 0.50%) due 08/25/36◊		7,454,001		3,677,808
2007-HE2, 4.54% (1 Month Term SOFR + 0.20%, Rate Floor: 0.09%) due 01/25/37◊		7,962,704		3,563,144
2007-HE2, 4.58% (1 Month Term SOFR + 0.24%, Rate Floor: 0.13%) due 01/25/37◊		7,566,159		3,386,051
2007-HE2, 4.66% (1 Month Term SOFR + 0.32%, Rate Floor: 0.21%) due 01/25/37◊		5,957,605		2,666,447
2007-NC3, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.19%) due 05/25/37◊		3,000,624		2,265,535
2007-HE6, 4.51% (1 Month Term SOFR + 0.17%, Rate Floor: 0.06%) due 05/25/37◊		2,174,457		1,918,428
2007-HE3, 4.58% (1 Month Term SOFR + 0.24%, Rate Floor: 0.13%) due 12/25/36◊,9		1,889,567		1,152,878
2006-HE6, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 09/25/36◊		2,831,902		950,366
NYMT Loan Trust
2022-SP1, 5.25% due 07/25/623,8		57,021,368		56,568,818
GS Mortgage-Backed Securities Trust
2021-PJ10, 2.50% (WAC) due 03/25/52◊,3		57,036,362		51,802,768
OSAT Trust
2021-RPL1, 5.12% due 05/25/653,8		51,907,218		51,743,643
Cross Mortgage Trust
2024-H7, 5.59% (WAC) due 11/25/69◊,3		22,576,666		22,541,126
2024-H7, 5.82% due 11/25/693,8		10,601,217		10,576,395
2024-H7, 5.97% due 11/25/693,8		6,723,920		6,683,172
2024-H5, 6.16% due 08/26/693,8		5,648,168		5,637,562
RCKT Mortgage Trust
2024-CES4, 6.15% due 06/25/443,8		30,194,611		30,425,896
2024-CES4, 6.30% due 06/25/443,8		6,277,325		6,316,861
2023-CES1, 6.52% (WAC) due 06/25/43◊,9		4,233,206		4,273,088
2023-CES2, 6.81% (WAC) due 09/25/43◊,9		3,673,988		3,721,185

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
Top Pressure Recovery Turbines
7.51% due 11/01/69		44,185,135	$	44,406,060
JP Morgan Mortgage Acquisition Trust
2006-WMC4, 4.71% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 12/25/36◊		56,653,257		34,712,765
2006-WMC4, 4.69% (1 Month Term SOFR + 0.35%, Rate Floor: 0.24%) due 12/25/36◊		11,992,209		6,219,039
2006-WMC3, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 08/25/36◊		1,682,711		1,221,600
Towd Point Mortgage Trust
2024-4, 4.38% (WAC) due 10/27/64◊,3		38,099,375		36,853,124
2023-CES1, 6.75% (WAC) due 07/25/63◊,3		4,902,413		4,951,204
New Residential Mortgage Loan Trust
2024-NQM2, 5.37% due 09/25/643		24,174,787		23,894,192
2024-NQM2, 5.42% due 09/25/643		17,450,379		17,248,146
Home Equity Loan Trust
2007-FRE1, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.19%) due 04/25/37◊		41,825,196		39,358,681
Citigroup Mortgage Loan Trust, Inc.
2022-A, 6.17% due 09/25/623,8		15,288,762		15,291,626
2007-AMC1, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 12/25/36◊,3		19,542,000		10,545,524
2006-WF1, 4.94% due 03/25/36		12,955,736		6,210,246
2007-AMC3, 4.63% (1 Month Term SOFR + 0.29%, Rate Floor: 0.18%) due 03/25/37◊		5,447,620		4,563,909
GSAMP Trust
2007-NC1, 4.71% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 12/25/46◊		23,625,264		12,058,538
2006-HE8, 4.91% (1 Month Term SOFR + 0.57%, Rate Floor: 0.46%) due 01/25/37◊		10,107,000		8,424,666
2006-NC2, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 06/25/36◊		11,047,419		6,165,283
2007-NC1, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 12/25/46◊		6,758,217		3,266,800
LHOME Mortgage Trust
2024-RTL5, 5.32% due 09/25/393,8		28,050,000		27,780,350
HOMES Trust
2024-AFC2, 5.58% (WAC) due 10/25/59◊,3		20,984,160		20,911,213
2024-AFC2, 5.98% (WAC) due 10/25/59◊,3		5,599,022		5,587,053
Alternative Loan Trust
2007-OA4, 4.79% (1 Month Term SOFR + 0.45%, Rate Floor: 0.34%) due 05/25/47◊		13,087,546		11,460,240
2007-OH3, 5.03% (1 Month Term SOFR + 0.69%, Rate Cap/Floor: 10.00%/0.58%) due 09/25/47◊		5,717,835		5,120,940
2006-43CB, 6.00% (1 Month Term SOFR + 0.61%, Rate Cap/Floor: 6.00%/6.00%) due 02/25/37◊		5,766,171		3,046,706
2007-OA7, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 05/25/47◊		2,069,820		1,935,680
2007-OH3, 4.89% (1 Month Term SOFR + 0.55%, Rate Cap/Floor: 10.00%/0.44%) due 09/25/47◊		568,373		532,382
Imperial Fund Mortgage Trust
2022-NQM2, 4.02% (WAC) due 03/25/67◊,3		11,331,180		10,268,666
2022-NQM2, 4.20% (WAC) due 03/25/67◊,3		11,138,635		10,161,531
Soundview Home Loan Trust
2006-OPT5, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 07/25/36◊		20,542,162		19,724,634
SPS Servicer Advance Receivables Trust
2020-T2, 1.83% due 11/15/553		20,000,000		19,435,868

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
Saluda Grade Alternative Mortgage Trust
2023-FIG4, 6.72% (WAC) due 11/25/53◊,3		18,182,822	$	18,580,311
ACE Securities Corporation Home Equity Loan Trust Series
2006-NC1, 5.07% (1 Month Term SOFR + 0.73%, Rate Floor: 0.62%) due 12/25/35◊		13,555,715		12,596,542
2007-ASP1, 4.85% (1 Month Term SOFR + 0.51%, Rate Floor: 0.40%) due 03/25/37◊		7,869,208		3,133,651
2007-WM2, 4.66% (1 Month Term SOFR + 0.32%, Rate Floor: 0.21%) due 02/25/37◊		5,883,121		2,427,622
Sequoia Mortgage Trust
2024-5, 6.00% (WAC) due 06/25/54◊,3		17,784,522		17,846,850
NovaStar Mortgage Funding Trust Series
2007-2, 4.65% (1 Month Term SOFR + 0.31%, Rate Cap/Floor: 11.00%/0.20%) due 09/25/37◊		16,640,105		16,153,109
2007-1, 4.71% (1 Month Term SOFR + 0.37%, Rate Cap/Floor: 11.00%/0.26%) due 03/25/37◊		2,503,176		1,570,566
Morgan Stanley Residential Mortgage Loan Trust
2024-NQM3, 5.35% due 07/25/693,8		9,229,502		9,156,665
2024-NQM3, 5.04% (WAC) due 07/25/69◊,3		8,607,826		8,527,282
American Home Mortgage Investment Trust
2007-1, 2.08% due 05/25/477		120,318,478		16,616,427
Securitized Asset-Backed Receivables LLC Trust
2006-WM4, 4.61% (1 Month Term SOFR + 0.27%, Rate Floor: 0.16%) due 11/25/36◊		29,237,793		8,089,469
2007-BR2, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 02/25/37◊,3		8,675,621		7,291,634
2006-HE2, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 07/25/36◊		3,107,441		1,204,832
IXIS Real Estate Capital Trust
2007-HE1, 4.56% (1 Month Term SOFR + 0.22%, Rate Floor: 0.11%) due 05/25/37◊		31,276,731		7,148,065
2006-HE1, 5.05% (1 Month Term SOFR + 0.71%, Rate Floor: 0.60%) due 03/25/36◊		10,788,375		5,560,175
2007-HE1, 4.68% (1 Month Term SOFR + 0.34%, Rate Floor: 0.23%) due 05/25/37◊		5,935,876		1,357,107
2007-HE1, 4.61% (1 Month Term SOFR + 0.27%, Rate Floor: 0.16%) due 05/25/37◊		5,574,871		1,274,605
2007-HE1, 4.51% (1 Month Term SOFR + 0.17%, Rate Floor: 0.06%) due 05/25/37◊		4,638,035		1,060,078
Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust
2006-AR9, 5.66% (1 Year CMT Rate + 0.83%, Rate Floor: 0.83%) due 11/25/46◊		7,801,525		6,418,190
2006-AR10, 4.79% (1 Month Term SOFR + 0.45%, Rate Floor: 0.34%) due 12/25/36◊		6,709,265		5,340,472
2006-AR9, 5.67% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46◊		3,475,857		2,831,715
2006-7, 3.93% due 09/25/36		5,120,779		1,353,463
2006-8, 4.12% due 10/25/36		325,364		106,896
Credit Suisse Mortgage Capital Certificates
2021-RPL9, 3.66% (WAC) due 02/25/61◊,3		15,448,103		15,399,446
Finance of America HECM Buyout
2024-HB1, 5.00% (WAC) due 10/01/34◊,3		14,650,000		14,386,515

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
Structured Asset Securities Corporation Mortgage Loan Trust
2008-BC4, 3.41% (1 Month Term SOFR + 0.74%, Rate Floor: 0.63%) due 11/25/37◊		13,534,569	$	13,011,093
2006-BC4, 4.79% (1 Month Term SOFR + 0.45%, Rate Floor: 0.34%) due 12/25/36◊		1,271,378		1,230,753
2006-BC6, 4.62% (1 Month Term SOFR + 0.28%, Rate Floor: 0.17%) due 01/25/37◊		40,809		40,395
WaMu Asset-Backed Certificates WaMu Series Trust
2007-HE1, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.41%) due 01/25/37◊		31,350,998		14,056,486
Starwood Mortgage Residential Trust
2020-1, 2.56% (WAC) due 02/25/50◊,3		8,225,918		7,813,604
2020-1, 2.41% (WAC) due 02/25/50◊,3		6,327,629		6,015,114
Ellington Financial Mortgage Trust
2024-CES1, 5.52% due 01/26/603,8		12,750,000		12,752,767
Merrill Lynch Mortgage Investors Trust Series
2007-HE2, 4.97% (1 Month Term SOFR + 0.63%, Rate Floor: 0.52%) due 02/25/37◊		30,463,156		8,602,241
2006-HE6, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 11/25/37◊		7,353,955		3,514,043
American Home Mortgage Assets Trust
2007-5, 4.83% (1 Month Term SOFR + 0.49%, Rate Cap/Floor: 99.00%/0.19%) due 06/25/47◊		8,201,147		6,937,479
2006-4, 4.89% (1 Month Term SOFR + 0.30%, Rate Floor: 0.30%) due 10/25/46◊		6,464,980		3,428,583
2006-6, 4.64% (1 Month Term SOFR + 0.30%, Rate Floor: 0.19%) due 12/25/46◊		1,869,353		1,561,072
LSTAR Securities Investment Ltd.
2024-1, 7.78% (30 Day Average SOFR + 3.10%, Rate Floor: 3.10%) due 01/01/29◊,3		11,648,108		11,637,717
RALI Series Trust
2007-QO4, 4.83% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 05/25/47◊		3,596,338		3,201,523
2006-QO2, 4.89% (1 Month Term SOFR + 0.55%, Rate Floor: 0.44%) due 02/25/46◊		16,536,210		2,859,870
2007-QO2, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 02/25/47◊		7,333,428		2,245,743
2006-QO6, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 06/25/46◊		4,715,292		1,026,802
2006-QO2, 4.99% (1 Month Term SOFR + 0.65%, Rate Floor: 0.54%) due 02/25/46◊		5,362,610		944,411
2007-QO3, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 03/25/47◊		753,859		659,391
2006-QO2, 5.13% (1 Month Term SOFR + 0.79%, Rate Floor: 0.68%) due 02/25/46◊		1,105,132		194,942
Ameriquest Mortgage Securities Trust
2006-M3, 4.61% (1 Month Term SOFR + 0.27%, Rate Floor: 0.16%) due 10/25/36◊		25,921,196		7,479,107
2006-M3, 4.55% (1 Month Term SOFR + 0.21%, Rate Floor: 0.10%) due 10/25/36◊		10,888,643		3,141,738
ABFC Trust
2007-WMC1, 5.70% (1 Month Term SOFR + 1.36%, Rate Floor: 1.25%) due 06/25/37◊		13,893,275		9,870,446
Master Asset-Backed Securities Trust
2006-WMC4, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 10/25/36◊		10,231,732		3,268,801

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
2006-NC2, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 08/25/36◊		7,253,474	$	2,667,258
2006-WMC3, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 08/25/36◊		5,498,424		1,851,763
2007-WMC1, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 01/25/37◊		5,668,386		1,585,909
HarborView Mortgage Loan Trust
2006-14, 4.78% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 01/25/47◊		5,673,046		5,243,951
2006-12, 4.86% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 01/19/38◊		4,154,445		3,643,702
Fremont Home Loan Trust
2006-E, 4.57% (1 Month Term SOFR + 0.23%, Rate Floor: 0.12%) due 01/25/37◊		11,060,768		4,931,754
2006-D, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 11/25/36◊		9,955,157		3,475,585
First Franklin Mortgage Loan Trust
2006-FF16, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 12/25/36◊		19,114,957		7,701,233
First NLC Trust
2005-4, 5.23% (1 Month Term SOFR + 0.89%, Rate Cap/Floor: 14.00%/0.78%) due 02/25/36◊		5,902,135		5,751,761
2005-1, 4.91% (1 Month Term SOFR + 0.57%, Rate Cap/Floor: 14.00%/0.46%) due 05/25/35◊		1,924,849		1,675,276
ATLX Trust
2024-RPL1, 3.85% due 04/25/643,8		7,557,153		7,209,126
Merrill Lynch Alternative Note Asset Trust Series
2007-A1, 4.91% (1 Month Term SOFR + 0.57%, Rate Floor: 0.46%) due 01/25/37◊		18,449,814		5,227,871
2007-A1, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 01/25/37◊		6,996,477		1,981,028
Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-W4, 5.21% (1 Month Term SOFR + 0.87%, Rate Floor: 0.76%) due 02/25/36◊		8,930,201		7,009,467
Bear Stearns Asset-Backed Securities I Trust
2006-HE9, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 11/25/36◊		6,882,306		6,758,421
Long Beach Mortgage Loan Trust
2006-8, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 09/25/36◊		14,024,370		3,732,471
2006-6, 4.95% (1 Month Term SOFR + 0.61%, Rate Floor: 0.50%) due 07/25/36◊		4,386,546		1,663,032
2006-8, 4.63% (1 Month Term SOFR + 0.29%, Rate Floor: 0.18%) due 09/25/36◊		3,742,843		991,222
CFMT LLC
2022-HB9, 3.25% (WAC) due 09/25/37◊,3		6,300,899		6,169,177
Option One Mortgage Loan Trust
2007-5, 4.67% (1 Month Term SOFR + 0.33%, Rate Floor: 0.22%) due 05/25/37◊		6,496,996		3,835,656
2007-2, 4.70% (1 Month Term SOFR + 0.36%, Rate Floor: 0.25%) due 03/25/37◊		4,629,557		2,267,071
Asset-Backed Securities Corporation Home Equity Loan Trust Series AEG
2006-HE1, 3.72% (1 Month Term SOFR + 0.71%, Rate Floor: 0.60%) due 01/25/36◊		6,165,614		5,972,368
Lehman XS Trust Series
2007-2N, 4.63% (1 Month Term SOFR + 0.29%, Rate Floor: 0.18%) due 02/25/37◊		4,210,042		3,779,876

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
2007-15N, 4.95% (1 Month Term SOFR + 0.61%, Rate Floor: 0.00%) due 08/25/37◊		1,086,419	$	1,037,294
2006-10N, 4.87% (1 Month Term SOFR + 0.53%, Rate Floor: 0.42%) due 07/25/46◊		263,804		234,504
Morgan Stanley IXIS Real Estate Capital Trust
2006-2, 4.60% (1 Month Term SOFR + 0.26%, Rate Floor: 0.15%) due 11/25/36◊		15,927,870		5,043,890
WaMu Asset-Backed Certificates WaMu Series
2007-HE4, 4.62% (1 Month Term SOFR + 0.28%, Rate Floor: 0.28%) due 07/25/47◊		4,357,567		3,196,898
2007-HE4, 4.70% (1 Month Term SOFR + 0.36%, Rate Floor: 0.36%) due 07/25/47◊		3,129,550		1,780,265
CWABS Asset-Backed Certificates Trust
2006-12, 4.71% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 12/25/36◊		5,327,108		4,841,842
WaMu Mortgage Pass-Through Certificates Series Trust
2007-OA6, 5.64% (1 Year CMT Rate + 0.81%, Rate Floor: 0.81%) due 07/25/47◊		4,041,578		3,289,442
2006-AR13, 5.71% (1 Year CMT Rate + 0.88%, Rate Floor: 0.88%) due 10/25/46◊		1,275,119		1,069,208
2006-AR11, 5.75% (1 Year CMT Rate + 0.92%, Rate Floor: 0.92%) due 09/25/46◊		559,455		482,574
Deutsche Alt-A Securities Mortgage Loan Trust Series
2006-AR4, 4.71% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 12/25/36◊		9,031,791		2,991,279
2007-OA2, 5.60% (1 Year CMT Rate + 0.77%, Rate Floor: 0.77%) due 04/25/47◊		1,943,401		1,695,211
Credit-Based Asset Servicing and Securitization LLC
2006-CB2, 3.19% (1 Month Term SOFR + 0.49%, Rate Floor: 0.38%) due 12/25/36◊		4,592,897		4,359,341
GSAA Home Equity Trust
2006-5, 4.81% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 03/25/36◊		11,887,626		3,818,389
2007-7, 4.99% (1 Month Term SOFR + 0.65%, Rate Floor: 0.54%) due 07/25/37◊		88,985		84,389
Impac Secured Assets CMN Owner Trust
2005-2, 4.95% (1 Month Term SOFR + 0.61%, Rate Floor: 0.50%) due 03/25/36◊		3,738,942		3,372,450
GSAA Trust
2007-3, 4.79% (1 Month Term SOFR + 0.45%, Rate Floor: 0.34%) due 03/25/47◊		10,424,188		2,824,246
ASG Resecuritization Trust
2010-3, 4.83% (1 Month Term SOFR + 0.40%, Rate Cap/Floor: 10.50%/0.29%) due 12/28/45◊,9		1,896,989		1,786,443
Securitized Asset Backed Receivables LLC Trust
2006-WM4, 4.77% (1 Month Term SOFR + 0.43%, Rate Floor: 0.32%) due 11/25/36◊		5,131,194		1,419,577
C-BASS Mortgage Loan Trust
2007-CB2, 3.56% due 02/25/37		2,424,234		1,411,807
Morgan Stanley Capital I Incorporated Trust
2006-HE1, 5.03% (1 Month Term SOFR + 0.69%, Rate Floor: 0.58%) due 01/25/36◊		1,401,756		1,347,209
Countrywide Asset-Backed Certificates
2005-15, 3.23% (1 Month Term SOFR + 0.79%, Rate Floor: 0.68%) due 03/25/36◊		549,028		537,172

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Residential Mortgage-Backed Securities - 10.4% (continued)
Alliance Bancorp Trust
2007-OA1, 4.93% (1 Month Term SOFR + 0.59%, Rate Floor: 0.48%) due 07/25/37◊		482,788	$	412,000
Impac Secured Assets Trust
2006-2, 4.79% (1 Month Term SOFR + 0.45%, Rate Cap/Floor: 11.50%/0.34%) due 08/25/36◊		411,661		381,464
Structured Asset Investment Loan Trust
2004-BNC2, 5.65% (1 Month Term SOFR + 1.31%, Rate Floor: 1.20%) due 12/25/34◊		219,928		218,196
2006-3, 4.75% (1 Month Term SOFR + 0.41%, Rate Floor: 0.30%) due 06/25/36◊		152,999		145,047
Nomura Resecuritization Trust
2015-4R, 3.10% (1 Month Term SOFR + 0.54%, Rate Floor: 0.43%) due 03/26/36◊,9		345,021		331,909
Residential Mortgage Loan Trust
2020-1, 2.68% (WAC) due 01/26/60◊,9		294,526		288,647
Morgan Stanley Re-REMIC Trust
2010-R5, 3.50% due 06/26/369		85,986		80,379
GreenPoint Mortgage Funding Trust
2006-AR1, 5.03% (1 Month Term SOFR + 0.69%, Rate Cap/Floor: 10.50%/0.58%) due 02/25/36◊		83,960		72,341
Irwin Home Equity Loan Trust
2007-1, 6.35% due 08/25/373		2		2
Total Residential Mortgage-Backed Securities				2,788,176,817
Commercial Mortgage-Backed Securities - 1.3%
BX Commercial Mortgage Trust
2021-VOLT, 6.51% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 09/15/36◊,3		60,050,000		59,899,875
2021-VOLT, 6.16% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 09/15/36◊,3		52,000,000		51,870,863
2024-AIRC, 6.09% (1 Month Term SOFR + 1.69%, Rate Floor: 1.69%) due 08/15/39◊,3		15,850,000		15,959,115
2024-AIRC, 6.54% (1 Month Term SOFR + 2.14%, Rate Floor: 2.14%) due 08/15/39◊,3		11,400,000		11,449,875
2024-AIR2, 5.89% (1 Month Term SOFR + 1.49%, Rate Floor: 1.49%) due 10/15/41◊,3		10,000,000		10,037,500
2022-LP2, 6.36% (1 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 02/15/39◊,3		4,410,000		4,393,463
2024-AIR2, 6.19% (1 Month Term SOFR + 1.79%, Rate Floor: 1.79%) due 10/15/41◊,3		3,800,000		3,809,500
BX Trust
2024-VLT4, 6.54% (1 Month Term SOFR + 2.14%, Rate Floor: 2.14%) due 07/15/29◊,3		20,650,000		20,714,531
2024-VLT4, 6.34% (1 Month Term SOFR + 1.94%, Rate Floor: 1.94%) due 07/15/29◊,3		17,150,000		17,238,863

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Commercial Mortgage-Backed Securities - 1.3% (continued)
SMRT
2022-MINI, 6.35% (1 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 01/15/39◊,3		32,500,000	$	32,012,500
JP Morgan Chase Commercial Mortgage Securities Trust
2021-NYAH, 6.60% (1 Month Term SOFR + 2.20%, Rate Floor: 1.84%) due 06/15/38◊,3		14,350,000		12,194,065
2016-JP3, 3.42% (WAC) due 08/15/49◊		10,290,000		8,838,615
2021-NYAH, 6.95% (1 Month Term SOFR + 2.55%, Rate Floor: 2.19%) due 06/15/38◊,3		8,000,000		6,558,085
2016-JP3, 1.31% (WAC) due 08/15/49◊,7		49,141,607		765,498
Life Mortgage Trust
2021-BMR, 6.86% (1 Month Term SOFR + 2.46%, Rate Floor: 2.35%) due 03/15/38◊,3		15,466,117		15,040,799
2021-BMR, 6.26% (1 Month Term SOFR + 1.86%, Rate Floor: 1.75%) due 03/15/38◊,3		4,163,955		4,059,856
Extended Stay America Trust
2021-ESH, 6.76% (1 Month Term SOFR + 2.36%, Rate Floor: 2.25%) due 07/15/38◊,3		11,009,885		11,037,409
2021-ESH, 6.21% (1 Month Term SOFR + 1.81%, Rate Floor: 1.70%) due 07/15/38◊,3		5,681,101		5,688,202
Citigroup Commercial Mortgage Trust
2019-GC43, 0.60% (WAC) due 11/10/52◊,7		203,722,712		5,076,424
2019-GC41, 1.03% (WAC) due 08/10/56◊,7		96,196,782		3,322,233
2015-GC35, 4.35% (WAC) due 11/10/48◊		810,679		716,682
2016-P4, 1.89% (WAC) due 07/10/49◊,7		27,689,442		523,469
2016-C2, 1.65% (WAC) due 08/10/49◊,7		29,632,632		502,718
2016-P5, 1.37% (WAC) due 10/10/49◊,7		24,345,743		383,063
2016-GC37, 1.64% (WAC) due 04/10/49◊,7		18,672,023		216,256
2016-C3, 0.92% (WAC) due 11/15/49◊,7		8,895,508		111,425
2015-GC35, 0.71% (WAC) due 11/10/48◊,7		27,440,299		82,757
2015-GC29, 1.01% (WAC) due 04/10/48◊,7		10,427,888		104
GS Mortgage Securities Corporation Trust
2020-UPTN, 3.25% (WAC) due 02/10/37◊,3		5,350,000		5,336,467
2020-DUNE, 6.02% (1 Month Term SOFR + 1.61%, Rate Floor: 1.35%) due 12/15/36◊,3		3,750,000		3,689,756
2020-DUNE, 6.57% (1 Month Term SOFR + 2.16%, Rate Floor: 1.90%) due 12/15/36◊,3		1,000,000		963,720
BENCHMARK Mortgage Trust
2020-IG3, 3.13% (WAC) due 09/15/48◊,3		5,232,000		2,992,732
2019-B14, 0.75% (WAC) due 12/15/62◊,7		99,803,914		2,305,680
2018-B2, 0.45% (WAC) due 02/15/51◊,7		90,748,107		959,307
2018-B6, 4.59% (WAC) due 10/10/51◊		750,000		686,948
2018-B6, 0.40% (WAC) due 10/10/51◊,7		58,248,848		567,792
DBGS Mortgage Trust
2018-C1, 4.65% (WAC) due 10/15/51◊		7,588,000		7,010,962
GS Mortgage Securities Trust
2020-GC45, 0.65% (WAC) due 02/13/53◊,7		150,837,799		3,715,799
2019-GC42, 0.81% (WAC) due 09/10/52◊,7		64,372,444		1,929,596
2017-GS6, 1.00% (WAC) due 05/10/50◊,7		39,950,480		720,583
2017-GS6, 3.87% due 05/10/50		521,000		444,993
2015-GC28, 0.68% (WAC) due 02/10/48◊,7		373,694		4
JPMDB Commercial Mortgage Securities Trust
2016-C4, 3.64% (WAC) due 12/15/49◊		2,650,000		2,422,888

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Commercial Mortgage-Backed Securities - 1.3% (continued)
2017-C7, 0.83% (WAC) due 10/15/50◊,7		112,355,655	$	2,019,997
2016-C4, 0.70% (WAC) due 12/15/49◊,7		71,382,169		711,844
2016-C2, 1.47% (WAC) due 06/15/49◊,7		22,510,540		284,844
2017-C5, 0.87% (WAC) due 03/15/50◊,7		7,194,675		87,946
BMP Trust
2024-MF23, 6.04% (1 Month Term SOFR + 1.64%, Rate Floor: 1.64%) due 06/15/41◊,3		4,900,000		4,907,656
Wells Fargo Commercial Mortgage Trust
2017-C38, 0.91% (WAC) due 07/15/50◊,7		61,795,435		1,052,376
2017-RB1, 1.19% (WAC) due 03/15/50◊,7		32,293,342		706,688
2017-C42, 0.86% (WAC) due 12/15/50◊,7		32,837,150		681,942
2016-BNK1, 1.71% (WAC) due 08/15/49◊,7		33,443,437		668,401
2016-C35, 1.86% (WAC) due 07/15/48◊,7		20,468,405		390,697
2017-RC1, 1.37% (WAC) due 01/15/60◊,7		15,909,658		380,242
2016-NXS5, 1.39% (WAC) due 01/15/59◊,7		19,450,341		194,980
2015-NXS4, 0.99% (WAC) due 12/15/48◊,7		35,277,644		166,764
2016-C37, 0.77% (WAC) due 12/15/49◊,7		9,987,834		109,765
2015-P2, 0.91% (WAC) due 12/15/48◊,7		20,850,462		108,523
2015-C30, 0.86% (WAC) due 09/15/58◊,7		26,877,343		59,963
2015-NXS1, 0.95% (WAC) due 05/15/48◊,7		5,849,683		2,895
BANK
2020-BN25, 0.44% (WAC) due 01/15/63◊,7		140,000,000		2,730,868
2017-BNK6, 0.78% (WAC) due 07/15/60◊,7		33,395,041		528,957
2017-BNK4, 1.33% (WAC) due 05/15/50◊,7		10,412,599		252,893
CSAIL Commercial Mortgage Trust
2019-C15, 0.99% (WAC) due 03/15/52◊,7		85,206,177		2,762,026
2016-C6, 1.85% (WAC) due 01/15/49◊,7		4,671,943		64,185
2015-C1, 0.45% (WAC) due 04/15/50◊,7		11,285,498		113
COMM Mortgage Trust
2018-COR3, 0.44% (WAC) due 05/10/51◊,7		194,936,377		2,458,421
2015-CR26, 0.89% (WAC) due 10/10/48◊,7		72,828,685		139,139
2015-CR27, 0.90% (WAC) due 10/10/48◊,7		24,251,388		78,196
2015-CR24, 0.68% (WAC) due 08/10/48◊,7		36,505,730		44,745
2015-CR23, 0.84% (WAC) due 05/10/48◊,7		25,988,980		19,227
UBS Commercial Mortgage Trust
2017-C2, 1.06% (WAC) due 08/15/50◊,7		36,942,341		786,214
2017-C5, 1.13% (WAC) due 11/15/50◊,7		36,604,449		760,761
BBCMS Mortgage Trust
2018-C2, 0.75% (WAC) due 12/15/51◊,7		56,118,560		1,296,569
CD Mortgage Trust
2017-CD6, 0.89% (WAC) due 11/13/50◊,7		35,756,838		654,929
2016-CD1, 1.34% (WAC) due 08/10/49◊,7		27,747,770		323,137
2016-CD2, 0.56% (WAC) due 11/10/49◊,7		29,182,202		172,764
CD Commercial Mortgage Trust
2017-CD4, 1.22% (WAC) due 05/10/50◊,7		24,780,422		534,291
2017-CD3, 0.95% (WAC) due 02/10/50◊,7		30,881,738		487,842
CGMS Commercial Mortgage Trust
2017-B1, 0.72% (WAC) due 08/15/50◊,7		57,725,827		879,747
JPMCC Commercial Mortgage Securities Trust
2017-JP6, 1.16% (WAC) due 07/15/50◊,7		46,420,438		763,482
Bank of America Merrill Lynch Commercial Mortgage Trust
2017-BNK3, 1.00% (WAC) due 02/15/50◊,7		20,705,088		326,113
2016-UB10, 1.72% (WAC) due 07/15/49◊,7		1,498,995		18,817
DBJPM Mortgage Trust
2017-C6, 0.95% (WAC) due 06/10/50◊,7		17,138,017		303,033
Morgan Stanley Capital I Trust
2016-UBS9, 4.76% (WAC) due 03/15/49◊		275,000		244,264

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 35.4% (continued)
Commercial Mortgage-Backed Securities - 1.3% (continued)
CFCRE Commercial Mortgage Trust
2016-C3, 0.95% (WAC) due 01/10/48◊,7		38,161,368	$	216,341
Morgan Stanley Bank of America Merrill Lynch Trust
2015-C27, 0.85% (WAC) due 12/15/47◊,7		58,908,459		132,603
SG Commercial Mortgage Securities Trust
2016-C5, 1.82% (WAC) due 10/10/48◊,7		4,411,038		81,309
JPMBB Commercial Mortgage Securities Trust
2015-C27, 1.01% (WAC) due 02/15/48◊,7		27,208,170		272
Total Commercial Mortgage-Backed Securities				365,847,753
Military Housing - 0.7%
Freddie Mac Military Housing Bonds Resecuritization Trust Certificates
2015-R1, 5.25% (WAC) due 11/25/55◊,3		108,700,061		93,665,417
2015-R1, 4.45% (WAC) due 11/25/52◊,3		20,273,315		17,992,129
2015-R1, 4.31% (WAC) due 10/25/52◊,3		13,021,059		10,789,625
2015-R1, 0.70% (WAC) due 11/25/55◊,3,7		163,342,430		9,262,659
Capmark Military Housing Trust
2006-RILY, 6.15% due 07/10/51†††,3		12,364,692		10,771,669
2007-AETC, 5.75% due 02/10/52†††,3		7,003,850		5,943,125
2006-RILY, 5.09% (1 Month Term SOFR + 0.48%, Rate Floor: 0.37%) due 07/10/51◊,†††,3		6,635,628		4,557,267
2007-ROBS, 6.06% due 10/10/52†††,3		4,440,747		3,816,364
2007-AET2, 6.06% due 10/10/52†††,3		2,917,326		2,726,884
GMAC Commercial Mortgage Asset Corp.
2007-HCKM, 6.11% due 08/10/52†††,3		21,072,517		18,554,924
2005-DRUM, 5.47% due 05/10/50†††,3		4,253,922		3,653,407
2005-BLIS, 5.25% due 07/10/50†††,3		2,500,000		1,979,055
Total Military Housing				183,712,525
Total Collateralized Mortgage Obligations
(Cost $9,835,856,643)				9,498,041,058
CORPORATE BONDS†† - 26.3%
Financial - 12.1%
Pershing Square Holdings Ltd.
3.25% due 10/01/313		101,800,000		83,763,537
3.25% due 11/15/30		53,530,000		45,854,774
Wilton RE Ltd.
6.00% 3,10,11		83,863,000		83,925,563
CoStar Group, Inc.
2.80% due 07/15/303		90,310,000		78,861,829
Morgan Stanley
6.63% due 11/01/3411		21,862,000		23,492,621
5.94% due 02/07/3911		23,310,000		23,386,440
5.52% due 11/19/5511		21,340,000		20,565,690
5.83% due 04/19/3511		9,625,000		9,808,292
GLP Capital Limited Partnership / GLP Financing II, Inc.
4.00% due 01/15/31		54,748,000		50,076,009
5.30% due 01/15/29		15,867,000		15,751,977
3.25% due 01/15/32		4,150,000		3,554,491
4.00% due 01/15/30		475,000		442,406
Host Hotels & Resorts, LP
3.50% due 09/15/30		44,753,000		40,530,206
2.90% due 12/15/31		20,200,000		17,187,134
5.70% due 07/01/34		12,075,000		12,055,194
United Wholesale Mortgage LLC
5.50% due 04/15/293		46,832,000		45,110,874
5.50% due 11/15/253		23,739,000		23,622,071
Jefferies Financial Group, Inc.
2.75% due 10/15/32		40,642,000		33,322,037
2.63% due 10/15/31		27,400,000		23,117,225
6.20% due 04/14/34		7,970,000		8,213,615
6.25% due 01/15/36		1,000,000		1,027,399
Nippon Life Insurance Co.
2.75% due 01/21/513,11		45,350,000		38,259,975
5.95% due 04/16/543,11		13,950,000		14,066,837
2.90% due 09/16/513,11		10,380,000		8,788,089
FS KKR Capital Corp.
2.63% due 01/15/27		33,971,000		32,153,661
3.25% due 07/15/27		30,100,000		28,550,005
Safehold GL Holdings LLC
2.80% due 06/15/31		28,877,000		24,655,376
2.85% due 01/15/32		27,008,000		22,691,515
6.10% due 04/01/34		10,480,000		10,662,076
5.65% due 01/15/35		1,370,000		1,336,778
Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.
3.88% due 03/01/313		46,892,000		40,856,854
2.88% due 10/15/263		15,892,000		15,078,563

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Financial - 12.1% (continued)
First American Financial Corp.
4.00% due 05/15/30		40,891,000	$	38,116,166
2.40% due 08/15/31		11,875,000		9,769,789
5.45% due 09/30/34		8,270,000		7,974,268
Global Atlantic Finance Co.
4.70% due 10/15/513,11		35,662,000		34,442,593
7.95% due 06/15/333		12,224,000		13,534,620
6.75% due 03/15/543		7,086,000		7,190,989
Macquarie Bank Ltd.
3.62% due 06/03/303		59,035,000		53,824,991
Standard Chartered plc
5.01% due 10/15/303,11		53,518,000		52,551,757
4.64% due 04/01/313,11		1,000,000		963,510
Liberty Mutual Group, Inc.
4.30% due 02/01/613		74,981,000		46,267,390
4.13% due 12/15/513,11		3,600,000		3,425,798
3.95% due 05/15/603		4,064,000		2,726,036
Maple Grove Funding Trust I
4.16% due 08/15/513		77,700,000		52,268,792
Fairfax Financial Holdings Ltd.
3.38% due 03/03/31		41,708,000		37,197,607
5.63% due 08/16/32		13,100,000		13,249,887
Macquarie Group Ltd.
2.69% due 06/23/323,11		31,550,000		26,737,784
2.87% due 01/14/333,11		19,981,000		16,879,109
1.63% due 09/23/273,11		4,125,000		3,898,369
LPL Holdings, Inc.
6.00% due 05/20/34		22,970,000		23,386,811
4.00% due 03/15/293		15,257,000		14,449,084
4.38% due 05/15/313		9,541,000		8,800,537
Blue Owl Capital GP LLC
7.21% due 08/22/43†††		28,550,000		29,094,611
7.11% due 08/22/43†††		15,200,000		15,472,407
Jefferies Finance LLC / JFIN Company-Issuer Corp.
5.00% due 08/15/283		39,650,000		37,193,183
6.63% due 10/15/313		6,850,000		6,839,147
Lazard Group LLC
6.00% due 03/15/31		42,290,000		43,423,184
Nationwide Mutual Insurance Co.
4.35% due 04/30/503		57,736,000		43,202,110
OneMain Finance Corp.
7.13% due 03/15/26		18,872,000		19,210,979
6.63% due 05/15/29		9,925,000		10,048,566
7.50% due 05/15/31		8,250,000		8,467,234
3.88% due 09/15/28		2,270,000		2,091,897
7.13% due 11/15/31		1,125,000		1,146,176
Bain Capital,  LP
3.41% due 04/15/41†††		36,000,000		25,159,537
3.72% due 04/15/42†††		20,300,000		14,596,689
American National Group, Inc.
5.75% due 10/01/29		28,780,000		28,813,129
5.00% due 06/15/27		8,142,000		8,098,451
6.14% due 06/13/323		2,000,000		1,968,143
Brookfield Finance, Inc.
5.68% due 01/15/35		9,400,000		9,465,612
4.70% due 09/20/47		9,790,000		8,437,495
3.50% due 03/30/51		9,526,000		6,565,967
3.63% due 02/15/52		9,380,000		6,525,464
5.97% due 03/04/54		4,425,000		4,472,614
6.35% due 01/05/34		1,640,000		1,728,465
Iron Mountain, Inc.
4.50% due 02/15/313		18,937,000		17,312,398
6.25% due 01/15/333		9,700,000		9,661,262
5.63% due 07/15/323		8,431,000		8,053,834
4.88% due 09/15/273		1,938,000		1,889,606
5.25% due 07/15/303		74,000		70,637
CNO Financial Group, Inc.
6.45% due 06/15/34		23,390,000		24,165,167
5.25% due 05/30/29		11,125,000		11,046,644
Sumitomo Life Insurance Co.
3.38% due 04/15/813,11		39,900,000		35,140,357
Bank of America Corp.
2.59% due 04/29/3111		28,440,000		25,054,672
5.52% due 10/25/3511		10,000,000		9,777,205
Stewart Information Services Corp.
3.60% due 11/15/31		39,359,000		34,075,865
CBS Studio Center
7.45% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 02/09/25◊,†††		34,100,000		34,039,657
Nuveen LLC
5.85% due 04/15/343		25,425,000		25,729,023
5.55% due 01/15/303		8,075,000		8,230,071
Old Republic International Corp.
5.75% due 03/28/34		33,750,000		33,788,089
Ares Finance Company II LLC
3.25% due 06/15/303		37,075,000		33,521,610
Beacon Funding Trust
6.27% due 08/15/543		31,900,000		31,503,285
National Australia Bank Ltd.
2.99% due 05/21/313		14,525,000		12,553,486
3.35% due 01/12/373,11		14,550,000		12,517,608
2.33% due 08/21/303		7,498,000		6,377,263
TPG Operating Group II, LP
5.88% due 03/05/34		28,630,000		29,285,955
UBS Group AG
3.09% due 05/14/323,11		33,400,000		29,050,725
Farmers Insurance Exchange
7.00% due 10/15/643,11		28,140,000		29,011,412
OneAmerica Financial Partners, Inc.
4.25% due 10/15/503		38,678,000		28,262,177
Societe Generale S.A.
3.34% due 01/21/333,11		22,830,000		19,296,947
6.07% due 01/19/353,11		8,750,000		8,637,299

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Financial - 12.1% (continued)
PennyMac Financial Services, Inc.
5.38% due 10/15/253		27,311,000	$	27,237,708
Americo Life, Inc.
3.45% due 04/15/313		32,364,000		27,170,649
Capital One Financial Corp.
6.38% due 06/08/3411		22,450,000		23,309,394
6.05% due 02/01/3511		2,570,000		2,611,252
5.88% due 07/26/3511		1,130,000		1,136,580
SLM Corp.
4.20% due 10/29/25		17,782,000		17,623,052
3.13% due 11/02/26		9,132,000		8,711,250
Westpac Banking Corp.
3.02% due 11/18/3611		15,650,000		13,240,338
2.96% due 11/16/40		12,214,000		8,692,335
2.67% due 11/15/3511		4,467,000		3,800,015
Jane Street Group / JSG Finance, Inc.
7.13% due 04/30/313		24,480,000		25,157,283
Dyal Capital Partners III
4.40% due 06/15/40†††		26,750,000		24,357,423
Trustage Financial Group, Inc.
4.63% due 04/15/323		26,450,000		24,162,492
Hunt Companies, Inc.
5.25% due 04/15/293		25,121,000		23,810,918
Meiji Yasuda Life Insurance Co.
5.80% due 09/11/543,11		23,600,000		23,655,908
AmFam Holdings, Inc.
2.81% due 03/11/313		19,525,000		15,201,009
3.83% due 03/11/513		12,668,000		7,646,633
Aon North America, Inc.
5.45% due 03/01/34		22,300,000		22,261,134
Brown & Brown, Inc.
5.65% due 06/11/34		21,200,000		21,222,918
2.38% due 03/15/31		57,000		47,892
Reinsurance Group of America, Inc.
5.75% due 09/15/34		20,050,000		20,207,759
QTS Good News Facility
7.80% (3 Month Term SOFR + 3.00%, Rate Floor: 0.00%) due 10/09/28◊		19,496,709		19,496,709
PartnerRe Finance B LLC
4.50% due 10/01/5011		21,056,000		19,470,567
Corebridge Life Holdings, Inc.
8.13% due 03/15/463		17,100,000		19,447,986
Lloyds Banking Group plc
5.46% due 01/05/2811		17,200,000		17,344,602
3.51% due 03/18/2611		1,580,000		1,574,358
Markel Group, Inc.
6.00% due 05/16/54		18,900,000		18,716,593
BPCE S.A.
7.00% due 10/19/343,11		10,000,000		10,655,879
5.94% due 05/30/353,11		7,750,000		7,680,391
Swiss Re Finance Luxembourg S.A.
5.00% due 04/02/493,11		18,300,000		18,148,385
JPMorgan Chase & Co.
2.96% due 05/13/3111		17,276,000		15,453,540
5.86% (SOFR + 1.20%) due 01/23/28◊		1,850,000		1,873,164
2.07% due 06/01/2911		900,000		817,794
BNP Paribas S.A.
5.50% due 05/20/303,11		15,990,000		16,010,166
1.32% due 01/13/273,11		1,640,000		1,578,726
Brookfield Capital Finance LLC
6.09% due 06/14/33		16,800,000		17,382,062
Equinix Europe 2 Financing Corporation LLC
5.50% due 06/15/34		16,600,000		16,663,165
ABN AMRO Bank N.V.
2.47% due 12/13/293,11		18,000,000		16,214,628
QBE Insurance Group Ltd.
5.88% 3,10,11		15,700,000		15,682,997
RGA Global Funding
5.50% due 01/11/313		12,750,000		12,883,932
5.05% due 12/06/313		2,700,000		2,655,353
KKR Group Finance Company VIII LLC
3.50% due 08/25/503		22,210,000		15,308,240
Prudential Financial, Inc.
3.70% due 10/01/5011		17,139,000		15,246,748
Globe Life, Inc.
5.85% due 09/15/34		9,810,000		9,865,082
2.15% due 08/15/30		5,510,000		4,664,788
Central Storage Safety Project Trust
4.82% due 02/01/389		15,973,600		14,487,842
Kennedy-Wilson, Inc.
4.75% due 03/01/29		15,662,000		14,147,391
4.75% due 02/01/30		81,000		71,650
GA Global Funding Trust
2.90% due 01/06/323		16,400,000		13,737,735
Assurant, Inc.
2.65% due 01/15/32		14,323,000		11,990,127
6.75% due 02/15/34		1,450,000		1,563,329
VFH Parent LLC / Valor Company-Issuer, Inc.
7.50% due 06/15/313		12,675,000		13,036,903
Sumitomo Mitsui Financial Group, Inc.
2.22% due 09/17/31		11,900,000		9,859,175
5.89% (SOFR + 1.17%) due 07/09/29◊		2,000,000		2,027,235
NatWest Group plc
6.02% due 03/02/3411		10,130,000		10,377,297
4.45% due 05/08/3011		1,100,000		1,060,840
Ryan Specialty LLC
5.88% due 08/01/323		11,325,000		11,205,442
HSBC Holdings plc
6.16% due 03/09/2911		8,700,000		8,935,369
5.29% due 11/19/3011		2,210,000		2,195,328

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Financial - 12.1% (continued)
Australia & New Zealand Banking Group Ltd.
5.20% due 09/30/353,11		10,000,000	$	9,572,967
2.57% due 11/25/353,11		1,600,000		1,356,436
Encore Capital Group, Inc.
8.50% due 05/15/303		9,950,000		10,466,306
Atlantic Marine Corporations Communities LLC
5.34% due 12/01/503		10,677,623		9,585,729
5.37% due 12/01/509		725,014		607,198
Mutual of Omaha Insurance Co.
6.14% due 01/16/643,11		10,150,000		10,016,676
KKR Group Finance Company X LLC
3.25% due 12/15/513		15,150,000		9,888,651
Penn Mutual Life Insurance Co.
3.80% due 04/29/613		14,970,000		9,533,793
Goldman Sachs Group, Inc.
6.13% 10,11		9,350,000		9,229,519
Galaxy Bidco Ltd.
8.13% due 12/19/293	GBP	7,200,000		9,069,506
Blue Owl Finance LLC
6.25% due 04/18/34		8,820,000		9,061,149
Aretec Group, Inc.
10.00% due 08/15/303		8,275,000		9,037,475
Assured Guaranty US Holdings, Inc.
3.60% due 09/15/51		13,031,000		8,925,967
Accident Fund Insurance Company of America
8.50% due 08/01/323		9,000,000		8,740,740
Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer
6.50% due 10/01/313		8,600,000		8,515,061
Kemper Corp.
2.40% due 09/30/30		10,006,000		8,489,720
Credit Agricole S.A.
5.34% due 01/10/303,11		6,050,000		6,048,559
6.11% (SOFR + 1.21%) due 09/11/28◊,3		2,208,000		2,222,131
Five Corners Funding Trust III
5.79% due 02/15/333		7,550,000		7,739,435
CNO Global Funding
1.75% due 10/07/263		7,400,000		6,994,720
Cooperatieve Rabobank UA
4.66% due 08/22/283,11		6,200,000		6,137,007
Ohana Military Communities LLC
5.56% due 10/01/363		3,820,000		3,677,781
5.78% due 10/01/363		2,200,000		2,155,208
Mid-Atlantic Military Family Communities LLC
5.30% due 08/01/503		5,788,104		4,708,344
5.24% due 08/01/503		1,060,568		946,020
Western & Southern Life Insurance Co.
3.75% due 04/28/613		8,263,000		5,513,581
Belvoir Land LLC
5.60% due 12/15/353		5,600,000		5,274,836
Deloitte LLP
7.33% due 11/20/26†††		4,800,000		4,960,169
Demeter Investments BV
5.63% due 08/15/52		4,900,000		4,888,451
Cushman & Wakefield US Borrower LLC
6.75% due 05/15/283		4,710,000		4,714,278
Manulife Financial Corp.
4.06% due 02/24/3211		4,815,000		4,695,379
Brookfield Finance LLC / Brookfield Finance, Inc.
3.45% due 04/15/50		6,852,000		4,694,838
Dyal Capital Partners III (B) LP
6.55% due 06/15/44†††		4,620,000		4,576,819
Horace Mann Educators Corp.
4.50% due 12/01/25		4,560,000		4,529,558
CBRE Services, Inc.
5.95% due 08/15/34		3,500,000		3,608,989
HS Wildcat LLC
3.83% due 12/31/50†††		4,947,092		3,486,729
UWM Holdings LLC
6.63% due 02/01/303		3,500,000		3,478,377
VICI Properties Limited Partnership / VICI Note Company, Inc.
4.13% due 08/15/303		3,600,000		3,345,001
Commonwealth Bank of Australia
3.61% due 09/12/343,11		3,550,000		3,266,290
Nationstar Mortgage Holdings, Inc.
5.00% due 02/01/263		2,780,000		2,752,746
Enstar Group Ltd.
3.10% due 09/01/31		1,670,000		1,427,894
4.95% due 06/01/29		1,250,000		1,228,324
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/253		2,540,000		2,539,837
KKR Group Finance Company III LLC
5.13% due 06/01/443		2,710,000		2,475,610
Nordea Bank Abp
5.92% (SOFR + 1.02%) due 09/10/29◊,3		2,190,000		2,201,917
Pine Street Trust III
6.22% due 05/15/543		2,140,000		2,159,484

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Financial - 12.1% (continued)
Athene Global Funding
2.67% due 06/07/313		1,550,000	$	1,316,874
5.63% (SOFR Compounded Index + 1.21%) due 03/25/27◊,3		500,000		502,791
2.65% due 10/04/313		400,000		335,909
Swedbank AB
5.65% (SOFR + 1.03%) due 11/20/29◊,3		2,140,000		2,146,461
Jackson Financial, Inc.
4.00% due 11/23/51		3,110,000		2,144,258
Fidelity National Financial, Inc.
2.45% due 03/15/31		2,540,000		2,142,447
Apollo Global Management, Inc.
5.80% due 05/21/54		2,130,000		2,139,007
Citibank North America
5.33% (SOFR + 0.71%) due 11/19/27◊		2,080,000		2,083,501
Sumitomo Mitsui Trust Bank Ltd.
5.88% (SOFR + 0.98%) due 09/10/27◊,3		2,060,000		2,077,304
Aurora Military Housing LLC
5.82% due 07/15/343		2,159,161		2,069,371
DNB Bank ASA
5.70% (SOFR + 1.06%) due 11/05/30◊,3		2,000,000		2,003,600
Deutsche Bank AG NY
3.55% due 09/18/3111		1,990,000		1,786,620
Skandinaviska Enskilda Banken AB
5.79% (SOFR + 0.89%) due 03/05/27◊,3		1,730,000		1,742,177
Ares Finance Company IV LLC
3.65% due 02/01/523		2,450,000		1,715,281
Jackson National Life Global Funding
1.75% due 01/12/253		1,650,000		1,648,627
Mizuho Financial Group, Inc.
5.59% due 07/10/3511		1,630,000		1,645,896
BGC Group, Inc.
8.00% due 05/25/28		1,410,000		1,496,869
Iron Mountain Information Management Services, Inc.
5.00% due 07/15/323		1,617,000		1,488,240
F&G Global Funding
2.30% due 04/11/273		790,000		740,409
2.00% due 09/20/283		800,000		703,688
Blackstone Holdings Finance Company LLC
3.20% due 01/30/523		2,150,000		1,403,030
Fort Moore Family Communities LLC
6.09% due 01/15/513		1,542,145		1,311,595
Fort Knox Military Housing Privatization Project
4.85% (1 Month Term SOFR + 0.45%) due 02/15/52◊,3		1,619,383		1,260,337
Banco Santander S.A.
6.94% due 11/07/33		1,000,000		1,087,782
Midwest Family Housing LLC
5.58% due 01/01/513		1,260,087		1,049,634
Belrose Funding Trust
2.33% due 08/15/303		1,230,000		1,036,333
Barclays plc
6.08% (SOFR + 1.49%) due 03/12/28◊		1,000,000		1,011,718
Regions Financial Corp.
5.50% due 09/06/3511		1,030,000		1,005,790
Bank of Nova Scotia
5.72% (SOFR Compounded Index + 1.08%) due 08/01/29◊		1,000,000		1,003,300
KKR Group Finance Company II LLC
5.50% due 02/01/433		1,000,000		958,251
Citizens Financial Group, Inc.
6.65% due 04/25/3511		900,000		948,794
Mitsubishi UFJ Financial Group, Inc.
5.72% due 02/20/2611		500,000		500,375
Pacific Beacon LLC
5.51% due 07/15/363		500,000		471,917
Peachtree Corners Funding Trust
3.98% due 02/15/253		215,000		214,543
Equitable Holdings, Inc.
4.57% due 02/15/293		65,000		63,341
Atlas Mara Ltd.
due 12/31/21†††,12		542,348		1
Total Financial				3,243,095,050
Industrial - 3.4%
AP Grange Holdings
6.50% due 03/20/45†††		157,844,408		159,817,463
5.00% due 03/20/45†††		16,400,000		17,302,000
Homestead Spe Issuer LLC
7.21% due 04/01/55†††		62,000,000		62,000,000
TD SYNNEX Corp.
2.65% due 08/09/31		34,240,000		28,796,527
2.38% due 08/09/28		15,581,000		14,133,281
6.10% due 04/12/34		11,960,000		12,273,565
Boeing Co.
6.53% due 05/01/34		35,895,000		37,603,907
6.86% due 05/01/54		7,175,000		7,625,924
3.75% due 02/01/50		10,492,000		7,155,946
Builders FirstSource, Inc.
6.38% due 03/01/343		52,000,000		51,320,671
FLNG Liquefaction 3 LLC
3.08% due 06/30/39†††		60,671,540		48,239,717

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Industrial - 3.4% (continued)
Vontier Corp.
2.95% due 04/01/31		36,612,000	$	31,441,326
2.40% due 04/01/28		14,150,000		12,769,385
Dyal Capital Partners IV
3.65% due 02/22/41†††		41,800,000		36,066,130
Flowserve Corp.
3.50% due 10/01/30		17,421,000		15,892,126
2.80% due 01/15/32		17,350,000		14,753,223
Berry Global, Inc.
5.80% due 06/15/313		20,700,000		21,069,482
5.65% due 01/15/343		9,050,000		9,075,913
TransDigm, Inc.
6.00% due 01/15/333		16,200,000		15,876,901
6.63% due 03/01/323		7,300,000		7,365,888
6.88% due 12/15/303		5,375,000		5,454,952
Mauser Packaging Solutions Holding Co.
7.88% due 04/15/273		23,759,000		24,239,169
Cliffwater Corporate Lending Fund
6.77% due 08/04/28†††		22,700,000		23,223,921
Smurfit Kappa Treasury ULC
5.44% due 04/03/343		22,000,000		21,960,859
Stadco LA LLC
3.75% due 05/15/56†††		31,000,000		20,937,396
Trinity Industries, Inc.
7.75% due 07/15/283		13,225,000		13,724,007
Graphic Packaging International LLC
6.38% due 07/15/323		13,025,000		13,063,606
Crown Americas LLC / Crown Americas Capital Corporation VI
4.75% due 02/01/26		13,079,000		12,936,055
Weir Group plc
2.20% due 05/13/263		13,015,000		12,514,157
TFI International, Inc.
3.35% due 01/05/33†††		14,000,000		11,443,748
Hillenbrand, Inc.
3.75% due 03/01/31		7,650,000		6,686,831
6.25% due 02/15/29		4,500,000		4,497,076
Sealed Air Corporation/Sealed Air Corp US
6.13% due 02/01/283		11,046,000		11,082,756
Textron, Inc.
6.10% due 11/15/33		10,000,000		10,422,323
Standard Building Solutions, Inc.
6.50% due 08/15/323		9,850,000		9,865,775
Owens Corning
5.95% due 06/15/54		6,310,000		6,235,157
3.50% due 02/15/30		3,760,000		3,491,436
Sonoco Products Co.
5.00% due 09/01/34		9,000,000		8,534,301
Sealed Air Corp.
6.50% due 07/15/323		8,500,000		8,513,039
QTS Irving DC3 LLC
5.96% due 07/09/29†††		7,000,000		7,059,451
Norfolk Southern Corp.
4.10% due 05/15/21		9,100,000		6,297,214
GATX Corp.
6.05% due 06/05/54		5,328,000		5,461,737
3.50% due 06/01/32		480,000		423,505
4.70% due 04/01/29		125,000		123,096
Wrangler Holdco Corp.
6.63% due 04/01/323		5,900,000		6,006,195
Virgin Media Vendor Financing Notes III DAC
4.88% due 07/15/28	GBP	5,000,000		5,834,961
Dyal Capital Partners III (A) LP
6.55% due 06/15/44†††		5,880,000		5,825,042
Amazon.com, Inc.
2.65% due 10/10/42†††		6,547,474		5,175,371
Enpro, Inc.
5.75% due 10/15/26		5,007,000		4,981,965
Mueller Water Products, Inc.
4.00% due 06/15/293		5,216,000		4,818,943
EnerSys
6.63% due 01/15/323		4,725,000		4,748,852
Ball Corp.
6.88% due 03/15/28		4,350,000		4,449,113
Genesee & Wyoming, Inc.
6.25% due 04/15/323		3,925,000		3,948,664
Hope Gas Holdings LLC
5.99% due 09/01/33†††		3,000,000		2,874,491
GrafTech Global Enterprises, Inc.
9.88% due 12/23/293		3,100,000		2,759,000
Avnet, Inc.
5.50% due 06/01/32		1,550,000		1,518,601
Clean Harbors, Inc.
6.38% due 02/01/313		1,025,000		1,031,949
Penske Truck Leasing Company Lp / PTL Finance Corp.
5.25% due 07/01/293		1,000,000		1,003,601
Westinghouse Air Brake Technologies Corp.
5.61% due 03/11/34		650,000		658,333
Fortune Brands Innovations, Inc.
4.50% due 03/25/52		300,000		236,293
5.88% due 06/01/33		119,000		122,040
MIWD Holdco II LLC / MIWD Finance Corp.
5.50% due 02/01/303		250,000		236,144
Virgin Media Inc.
4.00% due 01/31/29	GBP	150,000		167,142

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Industrial - 3.4% (continued)
Standard Industries, Inc.
4.38% due 07/15/303		101,000	$	92,537
3.38% due 01/15/313		81,000		69,450
Total Industrial				915,329,629
Consumer, Non-cyclical - 2.4%
JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL
3.00% due 05/15/32		29,206,000		24,312,841
5.50% due 01/15/30		15,756,000		15,726,986
4.38% due 02/02/52		12,630,000		9,518,546
5.13% due 02/01/28		2,250,000		2,234,241
Smithfield Foods, Inc.
2.63% due 09/13/313		45,782,000		37,688,240
3.00% due 10/15/303		15,528,000		13,415,853
Global Payments, Inc.
2.90% due 11/15/31		30,265,000		25,884,607
2.90% due 05/15/30		18,405,000		16,385,779
3.20% due 08/15/29		1,405,000		1,286,947
Altria Group, Inc.
4.45% due 05/06/50		25,185,000		19,531,215
3.70% due 02/04/51		25,038,000		17,022,461
Brink’s Co.
6.75% due 06/15/323		22,420,000		22,584,652
6.50% due 06/15/293		13,500,000		13,681,097
Triton Container International Ltd.
3.15% due 06/15/313		34,821,000		29,560,590
Royalty Pharma plc
3.55% due 09/02/50		39,920,000		26,620,908
1.20% due 09/02/25		1,875,000		1,828,563
CVS Health Corp.
5.70% due 06/01/34		24,150,000		23,737,718
7.00% due 03/10/5511		4,050,000		4,063,589
6.75% due 12/10/5411		30,000		29,416
GXO Logistics, Inc.
6.25% due 05/06/29		13,120,000		13,434,787
6.50% due 05/06/34		11,975,000		12,273,637
Universal Health Services, Inc.
5.05% due 10/15/34		13,850,000		12,922,705
2.65% due 10/15/30		13,757,000		11,824,292
Icon Investments Six DAC
6.00% due 05/08/34		20,100,000		20,293,363
IQVIA, Inc.
5.00% due 05/15/273		10,699,000		10,498,095
5.00% due 10/15/263		8,700,000		8,582,813
Yale-New Haven Health Services Corp.
2.50% due 07/01/50		32,350,000		18,600,473
HAH Group Holding Company LLC
9.75% due 10/01/313		17,915,000		17,929,252
Element Fleet Management Corp.
6.32% due 12/04/283		16,730,000		17,436,201
Prime Security Services Borrower LLC / Prime Finance, Inc.
5.75% due 04/15/263		17,352,000		17,342,278
AZ Battery Property LLC
6.73% due 02/20/46†††		16,480,000		16,251,052
Valvoline, Inc.
3.63% due 06/15/313		18,300,000		15,600,360
Williams Scotsman, Inc.
6.13% due 06/15/253		14,625,000		14,570,156
Highmark, Inc.
2.55% due 05/10/313		17,850,000		14,452,068
Transurban Finance Company Pty Ltd.
2.45% due 03/16/313		14,400,000		12,148,499
Kroger Co.
5.50% due 09/15/54		11,200,000		10,548,986
Medline Borrower Limited Partnership/Medline Company-Issuer, Inc.
6.25% due 04/01/293		10,350,000		10,459,131
HCA, Inc.
3.50% due 07/15/51		10,580,000		6,842,725
5.88% due 02/15/26		2,775,000		2,788,954
3.50% due 09/01/30		68,000		61,758
Performance Food Group, Inc.
6.13% due 09/15/323		9,025,000		9,024,588
Block, Inc.
6.50% due 05/15/323		7,875,000		7,951,020
BAT Capital Corp.
6.00% due 02/20/34		5,925,000		6,087,270
4.76% due 09/06/49		2,300,000		1,861,793
Molina Healthcare, Inc.
6.25% due 01/15/333		4,790,000		4,734,158
4.38% due 06/15/283		1,290,000		1,222,538
Albertsons Companies Incorporated / Safeway Inc / New Albertsons Limited Partnership / Albertsons LLC
3.25% due 03/15/263		5,690,000		5,551,040
TriNet Group, Inc.
7.13% due 08/15/313		5,450,000		5,549,621
Graham Holdings Co.
5.75% due 06/01/263		4,767,000		4,746,347
Health Care Service Corporation A Mutual Legal Reserve Co.
5.88% due 06/15/543		4,800,000		4,646,340
Medline Borrower, LP
3.88% due 04/01/293		4,345,000		4,023,414
APi Group DE, Inc.
4.13% due 07/15/293		4,150,000		3,792,859
Sotheby’s/Bidfair Holdings, Inc.
5.88% due 06/01/293		3,900,000		3,458,482
Central Garden & Pet Co.
4.13% due 04/30/313		3,854,000		3,408,095

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Consumer, Non-cyclical - 2.4% (continued)
Darling Ingredients, Inc.
6.00% due 06/15/303		3,394,000	$	3,348,112
Boost Newco Borrower LLC
7.50% due 01/15/313		2,600,000		2,725,735
Providence St. Joseph Health Obligated Group
2.70% due 10/01/51		4,250,000		2,450,065
WW International, Inc.
4.50% due 04/15/293		11,651,000		2,325,483
Tenet Healthcare Corp.
4.63% due 06/15/28		2,096,000		2,005,846
Beth Israel Lahey Health, Inc.
3.08% due 07/01/51		2,700,000		1,645,673
Triton Container International Limited / TAL International Container Corp.
3.25% due 03/15/32		1,850,000		1,566,304
Pilgrim’s Pride Corp.
3.50% due 03/01/32		1,810,000		1,560,785
DaVita, Inc.
3.75% due 02/15/313		149,000		128,924
4.63% due 06/01/303		76,000		69,869
Total Consumer, Non-cyclical				653,860,195
Consumer, Cyclical - 2.3%
Choice Hotels International, Inc.
3.70% due 01/15/31		49,207,000		44,268,231
5.85% due 08/01/34		11,150,000		11,163,524
Delta Air Lines, Inc.
7.00% due 05/01/253		46,883,000		47,081,209
Hyatt Hotels Corp.
5.75% due 04/23/30		19,039,000		19,440,233
5.38% due 04/23/25		18,928,000		18,939,124
Alt-2 Structured Trust
2.95% due 05/14/31◊,†††		41,997,633		37,895,349
Warnermedia Holdings, Inc.
5.14% due 03/15/52		27,327,000		20,304,078
6.41% due 03/15/26		9,250,000		9,253,688
Flutter Treasury Designated Activity Co.
6.38% due 04/29/293		25,950,000		26,330,918
AS Mileage Plan IP Ltd.
5.31% due 10/20/313		16,000,000		15,621,601
5.02% due 10/20/293		9,670,000		9,419,279
Hilton Domestic Operating Company, Inc.
6.13% due 04/01/323		12,925,000		12,889,767
5.88% due 03/15/333		11,665,000		11,477,998
Hasbro, Inc.
6.05% due 05/14/34		22,871,000		22,969,235
Air Canada
3.88% due 08/15/263		23,429,000		22,763,851
LG Energy Solution Ltd.
5.38% due 07/02/293		15,000,000		14,950,282
5.50% due 07/02/343		7,100,000		6,887,201
Walgreens Boots Alliance, Inc.
3.45% due 06/01/26		11,825,000		11,445,914
4.10% due 04/15/50		15,203,000		9,398,700
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.50% due 06/20/273		19,596,238		19,719,752
Delta Air Lines, Inc. / SkyMiles IP Ltd.
4.50% due 10/20/253		15,071,000		14,976,312
4.75% due 10/20/283		3,800,000		3,748,104
Whirlpool Corp.
4.60% due 05/15/50		13,326,000		10,060,170
5.75% due 03/01/34		8,070,000		7,914,059
International Game Technology plc
4.13% due 04/15/263		17,834,000		17,534,084
Clarios Global Limited Partnership / Clarios US Finance Co.
6.25% due 05/15/263		17,027,000		17,022,754
Ferguson Finance plc
3.25% due 06/02/303		12,904,000		11,725,364
4.65% due 04/20/323		5,200,000		4,958,777
British Airways Class A Pass Through Trust
2.90% due 03/15/353		13,291,661		11,723,686
4.25% due 11/15/323		4,654,981		4,412,553
IGT Lottery Holdings B.V.
4.25% due 03/15/30	EUR	14,500,000		15,272,252
American Airlines Class AA Pass Through Trust
3.35% due 10/15/29		7,282,588		6,821,988
3.20% due 06/15/28		4,658,300		4,399,256
3.00% due 10/15/28		3,323,803		3,100,189
3.15% due 02/15/32		139,833		126,479
Polaris, Inc.
6.95% due 03/15/29		13,000,000		13,683,595
United Airlines, Inc.
4.38% due 04/15/263		12,700,000		12,487,387
Vail Resorts, Inc.
6.50% due 05/15/323		11,650,000		11,780,691
Beacon Roofing Supply, Inc.
4.50% due 11/15/263		6,120,000		6,012,576
6.50% due 08/01/303		1,925,000		1,953,006
1011778 BC ULC / New Red Finance, Inc.
6.13% due 06/15/293		4,800,000		4,817,633
5.63% due 09/15/293		2,950,000		2,905,814
United Airlines 2023-1 Class A Pass Through Trust
5.80% due 01/15/36		7,283,545		7,427,630
Marriott International, Inc.
5.35% due 03/15/35		7,100,000		6,999,427

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Consumer, Cyclical - 2.3% (continued)
Flutter Entertainment plc
5.00% due 04/29/29	EUR	4,900,000	$	5,280,972
Live Nation Entertainment, Inc.
6.50% due 05/15/273		4,635,000		4,685,929
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.
6.25% due 03/15/333		4,150,000		4,077,317
LKQ Corp.
6.25% due 06/15/33		3,412,000		3,519,282
William Carter Co.
5.63% due 03/15/273		3,450,000		3,420,746
Brunswick Corp.
5.10% due 04/01/52		2,900,000		2,254,656
Darden Restaurants, Inc.
4.55% due 02/15/48		2,660,000		2,137,495
JB Poindexter & Company, Inc.
8.75% due 12/15/313		1,230,000		1,294,731
JetBlue Class A Pass Through Trust
4.00% due 11/15/32		110,738		104,078
Total Consumer, Cyclical				620,858,926
Energy - 2.3%
BP Capital Markets plc
4.88% 10,11		75,020,000		71,485,157
6.13% 10,11		9,970,000		9,796,155
Venture Global LNG, Inc.
9.50% due 02/01/293		29,800,000		32,936,926
9.88% due 02/01/323		10,300,000		11,301,978
Greensaif Pipelines Bidco SARL
6.10% due 08/23/423		17,000,000		16,574,626
5.85% due 02/23/363		11,900,000		11,745,966
6.51% due 02/23/423		6,500,000		6,580,685
6.13% due 02/23/383		5,550,000		5,558,696
Plains All American Pipeline Limited Partnership / PAA Finance Corp.
5.70% due 09/15/34		37,730,000		37,651,486
ITT Holdings LLC
6.50% due 08/01/293		38,518,000		35,260,859
Galaxy Pipeline Assets Bidco Ltd.
3.25% due 09/30/403		43,921,000		33,091,881
DT Midstream, Inc.
5.80% due 12/15/343		29,400,000		29,606,949
4.30% due 04/15/323		3,250,000		2,965,905
NuStar Logistics, LP
6.38% due 10/01/30		10,560,000		10,588,656
5.75% due 10/01/25		10,433,000		10,431,191
5.63% due 04/28/27		1,880,000		1,866,319
Enbridge, Inc.
5.63% due 04/05/34		22,300,000		22,431,333
Occidental Petroleum Corp.
5.38% due 01/01/32		18,470,000		18,084,921
6.38% due 09/01/28		3,175,000		3,273,587
Energy Transfer, LP
6.00% due 02/01/293		11,400,000		11,563,088
7.38% due 02/01/313		7,610,000		7,957,975
6.13% due 12/15/45		1,190,000		1,174,525
6.05% due 09/01/54		500,000		489,351
Targa Resources Corp.
6.50% due 03/30/34		9,937,000		10,498,966
5.50% due 02/15/35		8,050,000		7,919,771
6.50% due 02/15/53		1,900,000		1,980,134
Buckeye Partners, LP
3.95% due 12/01/26		11,100,000		10,683,325
4.13% due 03/01/253		5,201,000		5,187,067
6.88% due 07/01/293		2,800,000		2,833,922
Parkland Corp.
4.63% due 05/01/303		15,663,000		14,377,160
6.63% due 08/15/323		4,200,000		4,156,324
Viper Energy, Inc.
7.38% due 11/01/313		11,300,000		11,830,425
5.38% due 11/01/273		6,141,000		6,055,489
Sunoco, LP
7.25% due 05/01/323		17,125,000		17,689,781
Midwest Connector Capital Company LLC
4.63% due 04/01/293		14,608,000		14,326,720
Whistler Pipeline LLC
5.70% due 09/30/313		13,350,000		13,330,451
Venture Global Calcasieu Pass LLC
3.88% due 11/01/333		10,672,000		9,168,558
4.13% due 08/15/313		2,667,000		2,388,376
6.25% due 01/15/303		1,500,000		1,513,998
Cheniere Energy Partners, LP
5.95% due 06/30/33		8,845,000		9,054,537
5.75% due 08/15/343		2,950,000		2,969,585
Cheniere Energy, Inc.
5.65% due 04/15/34		11,550,000		11,616,343
Kinetik Holdings, LP
6.63% due 12/15/283		9,625,000		9,846,462
ONEOK, Inc.
6.05% due 09/01/33		6,350,000		6,534,329
3.95% due 03/01/50		1,600,000		1,153,750
5.15% due 10/15/43		1,240,000		1,108,921
4.50% due 03/15/50		850,000		666,995
Boardwalk Pipelines, LP
5.63% due 08/01/34		6,675,000		6,647,882
Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp.
5.50% due 03/01/30		5,863,000		5,881,440
CQP Holdco Limited Partnership / BIP-V Chinook Holdco LLC
7.50% due 12/15/333		5,000,000		5,256,677
EnLink Midstream LLC
5.65% due 09/01/34		5,050,000		5,033,142

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Energy - 2.3% (continued)
Texas Eastern Transmission, LP
4.15% due 01/15/483		2,744,000	$	2,111,311
TransCanada PipeLines Ltd.
7.63% due 01/15/39		1,810,000		2,095,548
Eni SpA
5.95% due 05/15/543		2,020,000		1,939,352
Marathon Petroleum Corp.
6.50% due 03/01/41		1,650,000		1,709,540
Kinder Morgan Energy Partners, LP
7.50% due 11/15/40		1,380,000		1,552,448
EnLink Midstream Partners, LP
5.60% due 04/01/44		1,680,000		1,541,624
Western Midstream Operating, LP
5.30% due 03/01/48		1,690,000		1,435,286
DCP Midstream Operating, LP
6.45% due 11/03/363		1,000,000		1,028,819
MPLX, LP
5.50% due 02/15/49		1,100,000		1,009,974
Eastern Gas Transmission & Storage, Inc.
4.60% due 12/15/44		500,000		423,781
Kinder Morgan, Inc.
5.20% due 06/01/33		126,000		123,090
Total Energy				607,099,518
Communications - 1.4%
Level 3 Financing, Inc.
3.88% due 10/15/303		34,939,000		27,884,816
10.75% due 12/15/303		20,300,000		22,647,729
4.50% due 04/01/303		26,815,000		22,233,748
11.00% due 11/15/293		19,567,314		22,011,648
4.00% due 04/15/313		13,950,000		10,985,625
British Telecommunications plc
4.88% due 11/23/813,11		47,450,000		43,105,293
4.25% due 11/23/813,11		8,250,000		7,965,934
9.63% due 12/15/30		2,391,000		2,896,670
Sirius XM Radio LLC
3.13% due 09/01/263		26,975,000		25,911,011
4.13% due 07/01/303		12,010,000		10,481,698
Vodafone Group plc
4.13% due 06/04/8111		40,537,000		35,882,854
Paramount Global
5.90% due 10/15/40		20,648,000		18,106,498
5.25% due 04/01/44		14,590,000		11,336,289
4.90% due 08/15/44		6,518,000		4,934,163
Cogent Communications Group LLC
3.50% due 05/01/263		17,065,000		16,522,976
7.00% due 06/15/273		8,285,000		8,324,859
Rogers Communications, Inc.
4.55% due 03/15/52		29,725,000		23,762,901
Fox Corp.
6.50% due 10/13/33		19,400,000		20,444,084
Altice France S.A.
5.13% due 07/15/293		17,800,000		13,329,761
5.13% due 01/15/293		2,290,000		1,724,053
Charter Communications Operating LLC / Charter Communications Operating Capital
3.90% due 06/01/52		21,690,000		13,953,399
Go Daddy Operating Company LLC / GD Finance Co., Inc.
3.50% due 03/01/293		8,203,000		7,493,980
CSC Holdings LLC
4.13% due 12/01/303		5,772,000		4,146,395
Corning, Inc.
5.75% due 08/15/40		1,900,000		1,900,732
AT&T, Inc.
6.38% due 03/01/41		1,800,000		1,885,450
Outfront Media Capital LLC / Outfront Media Capital Corp.
7.38% due 02/15/313		1,450,000		1,515,599
McGraw-Hill Education, Inc.
5.75% due 08/01/283		1,549,000		1,512,386
Match Group Holdings II LLC
4.13% due 08/01/303		1,250,000		1,107,202
Discovery Communications LLC
5.00% due 09/20/37		1,300,000		1,084,008
Virgin Media Finance plc
5.00% due 07/15/303		1,050,000		888,667
Sunrise FinCo I B.V.
4.88% due 07/15/313		200,000		181,412
Total Communications				386,161,840
Technology - 1.0%
Fiserv, Inc.
5.35% due 03/15/31		20,920,000		21,265,167
2.65% due 06/01/30		7,920,000		7,000,330
5.60% due 03/02/33		3,523,000		3,568,167
5.63% due 08/21/33		2,300,000		2,340,551
Broadcom, Inc.
4.93% due 05/15/373		33,182,000		31,560,988
Foundry JV Holdco LLC
5.88% due 01/25/343		13,506,000		13,212,538
6.40% due 01/25/383		10,950,000		11,063,978
6.15% due 01/25/323		6,550,000		6,608,458
Oracle Corp.
3.95% due 03/25/51		33,794,000		25,031,407
Leidos, Inc.
2.30% due 02/15/31		15,050,000		12,638,421
5.75% due 03/15/33		9,431,000		9,560,100
4.38% due 05/15/30		2,650,000		2,535,612
Qorvo, Inc.
3.38% due 04/01/313		10,809,000		9,244,416
4.38% due 10/15/29		9,751,000		9,144,803
Atlassian Corp.
5.50% due 05/15/34		17,500,000		17,576,522
Fair Isaac Corp.
5.25% due 05/15/263		15,640,000		15,596,834

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Technology - 1.0% (continued)
MSCI, Inc.
3.63% due 09/01/303		12,718,000	$	11,577,573
3.88% due 02/15/313		1,769,000		1,619,601
3.63% due 11/01/313		1,780,000		1,593,883
CGI, Inc.
2.30% due 09/14/31		16,050,000		13,290,737
Booz Allen Hamilton, Inc.
5.95% due 08/04/33		9,200,000		9,404,758
Constellation Software, Inc.
5.46% due 02/16/343		3,850,000		3,858,871
5.16% due 02/16/293		3,250,000		3,265,215
Cloud Software Group, Inc.
6.50% due 03/31/293		7,200,000		7,067,109
ACI Worldwide, Inc.
5.75% due 08/15/263		6,973,000		6,960,430
Total Technology				256,586,469
Utilities - 0.7%
NRG Energy, Inc.
2.45% due 12/02/273		26,000,000		24,142,224
7.00% due 03/15/333		9,490,000		10,243,735
AES Corp.
3.95% due 07/15/303		17,898,000		16,498,443
2.45% due 01/15/31		5,748,000		4,789,851
3.30% due 07/15/253		3,750,000		3,713,944
Liberty Utilities Co.
5.58% due 01/31/293		11,600,000		11,690,338
5.87% due 01/31/343		6,450,000		6,455,713
Brooklyn Union Gas Co.
6.39% due 09/15/333		12,675,000		13,236,934
4.27% due 03/15/483		1,300,000		996,460
6.42% due 07/18/543		125,000		129,559
Public Service Company of Colorado
5.35% due 05/15/34		13,400,000		13,416,431
Alexander Funding Trust II
7.47% due 07/31/283		12,360,000		13,048,449
AmeriGas Partners Limited Partnership / AmeriGas Finance Corp.
5.88% due 08/20/26		10,945,000		10,547,171
5.50% due 05/20/25		1,859,000		1,847,469
Black Hills Corp.
6.00% due 01/15/35		9,020,000		9,301,103
4.20% due 09/15/46		1,200,000		940,213
5.95% due 03/15/28		50,000		51,486
Enel Finance International N.V.
5.00% due 06/15/323		6,570,000		6,396,052
Appalachian Power Co.
5.80% due 10/01/35		4,150,000		4,143,862
4.40% due 05/15/44		2,400,000		1,946,586
Interstate Power and Light Co.
4.95% due 09/30/34		6,300,000		6,056,604
Southern Company Gas Capital Corp.
4.95% due 09/15/34		5,900,000		5,709,602
Terraform Global Operating, LP
6.13% due 03/01/263		5,235,000		5,221,392
Constellation Energy Generation LLC
6.50% due 10/01/53		1,860,000		1,970,227
5.75% due 10/01/41		200,000		195,191
Idaho Power Co.
4.20% due 03/01/48		2,660,000		2,110,878
Entergy Mississippi LLC
3.85% due 06/01/49		2,640,000		1,961,383
Nevada Power Co.
6.65% due 04/01/36		1,180,000		1,265,495
Southern Power Co.
5.25% due 07/15/43		1,350,000		1,248,107
Duke Energy Ohio, Inc.
4.30% due 02/01/49		1,200,000		963,808
Louisville Gas and Electric Co.
4.25% due 04/01/49		1,100,000		873,906
Total Utilities				181,112,616
Basic Materials - 0.5%
Anglo American Capital plc
5.63% due 04/01/303		21,300,000		21,560,897
2.63% due 09/10/303		18,000,000		15,611,605
3.95% due 09/10/503		14,140,000		10,463,296
5.75% due 04/05/343		5,550,000		5,584,078
6.00% due 04/05/54		1,000,000		987,157
Alcoa Nederland Holding B.V.
5.50% due 12/15/273		14,325,000		14,376,138
4.13% due 03/31/293		8,600,000		8,022,418
7.13% due 03/15/313		3,200,000		3,306,826
6.13% due 05/15/283		2,800,000		2,797,544
International Flavors & Fragrances, Inc.
1.23% due 10/01/253		21,520,000		20,919,491
Minerals Technologies, Inc.
5.00% due 07/01/283		18,748,000		18,044,950
Yamana Gold, Inc.
2.63% due 08/15/31		9,431,000		7,936,563
4.63% due 12/15/27		3,000,000		2,947,389
Steel Dynamics, Inc.
2.40% due 06/15/25		5,950,000		5,879,603
Novelis Corp.
3.25% due 11/15/263		5,923,000		5,641,689
Axalta Coating Systems Dutch Holding B B.V.
7.25% due 02/15/313		2,000,000		2,069,670
Southern Copper Corp.
7.50% due 07/27/35		1,080,000		1,229,820

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
CORPORATE BONDS†† - 26.3% (continued)
Basic Materials - 0.5% (continued)
Carpenter Technology Corp.
6.38% due 07/15/28		178,000	$	178,027
Total Basic Materials				147,557,161
Transporation - 0.1%
Stolthaven Houston, Inc.
5.88% due 07/17/31†††		14,200,000		14,035,838
5.98% due 07/17/34†††		12,800,000		12,505,125
Total Transporation				26,540,963
Government - 0.1%
Amazon Conservation DAC
6.03% due 01/16/423		16,700,000		16,641,550
Total Corporate Bonds
(Cost $7,593,342,035)				7,054,843,917
ASSET-BACKED SECURITIES†† - 21.9%
Collateralized Loan Obligations - 11.0%
LCCM Trust
2021-FL3 A, 5.96% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 11/15/38◊,3		53,058,159		53,011,335
2021-FL3 AS, 6.31% (1 Month Term SOFR + 1.91%, Rate Floor: 1.91%) due 11/15/38◊,3		37,152,000		36,833,087
2021-FL3 B, 6.71% (1 Month Term SOFR + 2.31%, Rate Floor: 2.31%) due 11/15/38◊,3		21,450,000		21,196,407
2021-FL2 B, 6.41% (1 Month Term SOFR + 2.01%, Rate Floor: 2.01%) due 12/13/38◊,3		400,000		395,799
Palmer Square Loan Funding Ltd.
2022-1A A2, 6.25% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 04/15/30◊,3		23,000,000		23,034,183
2021-3A B, 6.63% (3 Month Term SOFR + 2.01%, Rate Floor: 2.01%) due 07/20/29◊,3		22,500,000		22,538,556
2023-2A A2, 6.93% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 01/25/32◊,3		19,500,000		19,561,665
2024-3A BR, 6.66% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/15/31◊,3		16,050,000		16,082,899
2023-2A B, 7.33% (3 Month Term SOFR + 2.70%, Rate Floor: 2.70%) due 01/25/32◊,3		11,750,000		11,798,200
2021-2A B, 6.18% (3 Month Term SOFR + 1.66%, Rate Floor: 1.66%) due 05/20/29◊,3		10,500,000		10,507,245
2021-2A C, 7.18% (3 Month Term SOFR + 2.66%, Rate Floor: 2.66%) due 05/20/29◊,3		7,000,000		7,008,569
Cerberus Loan Funding XXXII, LP
2021-2A A, 6.54% (3 Month Term SOFR + 1.88%, Rate Floor: 1.88%) due 04/22/33◊,3		65,000,000		65,161,324
2021-2A C, 7.77% (3 Month Term SOFR + 3.11%, Rate Floor: 3.11%) due 04/22/33◊,3		20,925,000		20,946,067
2021-2A B, 6.82% (3 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 04/22/33◊,3		19,200,000		19,209,226
Golub Capital Partners CLO 33M Ltd.
2021-33A AR2, 6.64% (3 Month Term SOFR + 2.12%, Rate Floor: 1.86%) due 08/25/33◊,3		105,004,127		105,132,253
HERA Commercial Mortgage Ltd.
2021-FL1 B, 6.09% (1 Month Term SOFR + 1.71%, Rate Floor: 1.60%) due 02/18/38◊,3		49,562,000		48,566,275
2021-FL1 AS, 5.79% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/18/38◊,3		28,000,000		27,436,780

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
2021-FL1 C, 6.44% (1 Month Term SOFR + 2.06%, Rate Floor: 1.95%) due 02/18/38◊,3		19,200,000	$	18,670,596
2021-FL1 A, 5.54% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/18/38◊,3		5,496,197		5,469,945
LoanCore Issuer Ltd.
2021-CRE6 B, 6.41% (1 Month Term SOFR + 2.01%, Rate Floor: 1.90%) due 11/15/38◊,3		44,000,000		42,945,003
2021-CRE6 C, 6.81% (1 Month Term SOFR + 2.41%, Rate Floor: 2.30%) due 11/15/38◊,3		22,825,000		22,334,023
2021-CRE5 D, 7.51% (1 Month Term SOFR + 3.11%, Rate Floor: 3.11%) due 07/15/36◊,3		14,350,000		14,250,961
2021-CRE5 A, 5.81% (1 Month Term SOFR + 1.41%, Rate Floor: 1.41%) due 07/15/36◊,3		9,797,782		9,796,992
BXMT Ltd.
2020-FL3 AS, 6.25% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 11/15/37◊,3		23,550,000		23,170,176
2020-FL2 B, 5.90% (1 Month Term SOFR + 1.51%, Rate Floor: 1.51%) due 02/15/38◊,3		16,000,000		15,704,701
2020-FL3 C, 7.05% (1 Month Term SOFR + 2.66%, Rate Floor: 2.66%) due 11/15/37◊,3		16,327,000		15,156,632
2020-FL2 A, 5.40% (1 Month Term SOFR + 1.01%, Rate Floor: 1.01%) due 02/15/38◊,3		13,863,245		13,624,970
2020-FL3 B, 6.65% (1 Month Term SOFR + 2.26%, Rate Floor: 2.26%) due 11/15/37◊,3		10,600,000		10,288,141
2020-FL2 AS, 5.65% (1 Month Term SOFR + 1.26%, Rate Floor: 1.26%) due 02/15/38◊,3		6,008,500		5,916,930
2020-FL2 C, 6.15% (1 Month Term SOFR + 1.76%, Rate Floor: 1.76%) due 02/15/38◊,3		5,360,000		4,980,733
Cerberus Loan Funding XLV LLC
2024-1A A, 6.56% (3 Month Term SOFR + 1.90%, Rate Floor: 1.90%) due 04/15/36◊,3		75,250,000		75,652,490
2024-1A B, 7.06% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 04/15/36◊,3		12,000,000		12,313,805
Cerberus Loan Funding XLIV LLC
2024-5A A, 7.01% (3 Month Term SOFR + 2.35%, Rate Floor: 2.35%) due 01/15/36◊,3		50,000,000		50,400,950
2024-5A B, 7.86% (3 Month Term SOFR + 3.20%, Rate Floor: 3.20%) due 01/15/36◊,3		24,950,000		25,582,231
Cerberus Loan Funding XLII LLC
2023-3A A1, 7.13% (3 Month Term SOFR + 2.48%, Rate Floor: 2.48%) due 09/13/35◊,3		54,450,000		54,781,459
2023-3A B, 8.00% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 09/13/35◊,3		15,700,000		16,092,528
Cerberus Loan Funding XL LLC
2023-1A A, 7.06% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 03/22/35◊,3		64,859,750		64,967,093
2023-1A B, 8.26% (3 Month Term SOFR + 3.60%, Rate Floor: 3.60%) due 03/22/35◊,3		4,600,000		4,639,862

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
Owl Rock CLO XVI LLC
2024-16A A, 6.62% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/20/36◊,3		57,300,000	$	57,643,456
2024-16A B, 7.12% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 04/20/36◊,3		9,550,000		9,799,994
THL Credit Lake Shore MM CLO I Ltd.
2021-1A A1R, 6.62% (3 Month Term SOFR + 1.96%, Rate Floor: 1.70%) due 04/15/33◊,3		33,060,552		33,146,509
2021-1A BR, 6.92% (3 Month Term SOFR + 2.26%, Rate Floor: 2.00%) due 04/15/33◊,3		30,400,000		30,416,273
ABPCI Direct Lending Fund CLO I LLC
2021-1A A1A2, 6.58% (3 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 07/20/33◊,3		59,500,000		60,214,470
2021-1A B12, 6.88% (3 Month Term SOFR + 2.26%, Rate Floor: 2.26%) due 07/20/33◊,3		2,500,000		2,501,768
FS Rialto
2021-FL3 C, 6.56% (1 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 11/16/36◊,3		31,150,000		30,747,053
2021-FL2 C, 6.56% (1 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 05/16/38◊,3		15,665,000		15,296,401
2021-FL3 B, 6.31% (1 Month Term SOFR + 1.91%, Rate Floor: 1.91%) due 11/16/36◊,3		8,420,000		8,339,430
2021-FL2 A, 5.73% (1 Month Term SOFR + 1.33%, Rate Floor: 1.33%) due 05/16/38◊,3		5,079,901		5,070,707
Ares Direct Lending CLO 1 LLC
2024-1A A, 6.43% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 04/25/36◊,3		49,000,000		49,236,601
2024-1A B, 6.83% (3 Month Term SOFR + 2.20%, Rate Floor: 2.20%) due 04/25/36◊,3		9,750,000		9,959,654
Owl Rock CLO IV Ltd.
2021-4A A1R, 6.38% (3 Month Term SOFR + 1.86%, Rate Floor: 1.60%) due 08/20/33◊,3		40,750,000		40,757,840
2021-4A A2R, 6.68% (3 Month Term SOFR + 2.16%, Rate Floor: 1.90%) due 08/20/33◊,3		16,750,000		16,753,697
Cerberus Loan Funding XXXIII, LP
2021-3A A, 6.47% (3 Month Term SOFR + 1.82%, Rate Floor: 1.56%) due 07/23/33◊,3		47,750,000		47,899,954
2021-3A B, 6.76% (3 Month Term SOFR + 2.11%, Rate Floor: 1.85%) due 07/23/33◊,3		9,500,000		9,503,921
Fortress Credit Opportunities IX CLO Ltd.
2021-9A A2TR, 6.72% (3 Month Term SOFR + 2.06%, Rate Floor: 1.80%) due 10/15/33◊,3		46,200,000		46,285,137
2021-9A BR, 6.87% (3 Month Term SOFR + 2.21%, Rate Floor: 1.95%) due 10/15/33◊,3		6,700,000		6,703,901
2021-9A A1TR, 6.47% (3 Month Term SOFR + 1.81%, Rate Floor: 1.55%) due 10/15/33◊,3		3,450,000		3,456,933
Owl Rock CLO III Ltd.
2024-3A AR, 6.47% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 04/20/36◊,3		41,250,000		41,765,625

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
2024-3A BR, 6.97% (3 Month Term SOFR + 2.35%, Rate Floor: 2.35%) due 04/20/36◊,3		13,500,000	$	13,827,017
Cerberus Loan Funding XXXV, LP
2021-5A A, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 09/22/33◊,3		41,500,000		41,588,146
2021-5A B, 6.77% (3 Month Term SOFR + 2.11%, Rate Floor: 1.85%) due 09/22/33◊,3		8,000,000		8,003,326
Cerberus Loan Funding XLVII LLC
2024-3A A, 6.41% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 07/15/36◊,3		44,000,000		44,226,472
2024-3A B, 6.61% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 07/15/36◊,3		5,250,000		5,337,799
GoldenTree Loan Management US CLO 1 Ltd.
2024-9A BR, 6.57% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 04/20/37◊,3		28,900,000		29,134,590
2024-9A CR, 7.02% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 04/20/37◊,3		18,550,000		18,785,528
Cerberus Loan Funding XLVIII LLC
2024-4A AN, 6.10% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 10/15/36◊,3		20,150,000		20,301,036
2024-4A B, 6.30% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/15/36◊,3		14,700,000		14,919,301
2024-4A C, 6.75% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 10/15/36◊,3		10,700,000		10,750,086
ACRES Commercial Realty Ltd.
2021-FL1 C, 6.50% (1 Month Term SOFR + 2.11%, Rate Floor: 2.11%) due 06/15/36◊,3		13,092,000		12,689,191
2021-FL1 D, 7.15% (1 Month Term SOFR + 2.76%, Rate Floor: 2.76%) due 06/15/36◊,3		11,750,000		11,135,699
2021-FL2 B, 6.75% (1 Month Term SOFR + 2.36%, Rate Floor: 2.36%) due 01/15/37◊,3		10,100,000		10,055,093
2021-FL1 AS, 6.10% (1 Month Term SOFR + 1.71%, Rate Floor: 1.71%) due 06/15/36◊,3		6,425,000		6,386,731
2021-FL2 AS, 6.25% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 01/15/37◊,3		3,500,000		3,470,238
Golub Capital Partners CLO 54M LP
2021-54A B, 6.67% (3 Month Term SOFR + 2.11%, Rate Floor: 1.85%) due 08/05/33◊,3		21,000,000		21,012,518
2021-54A A, 6.35% (3 Month Term SOFR + 1.79%, Rate Floor: 1.53%) due 08/05/33◊,3		16,700,000		16,720,853
LCM XXIV Ltd.
2021-24A BR, 6.28% (3 Month Term SOFR + 1.66%, Rate Floor: 0.00%) due 03/20/30◊,3		24,200,000		24,181,993
2021-24A CR, 6.78% (3 Month Term SOFR + 2.16%, Rate Floor: 0.00%) due 03/20/30◊,3		13,050,000		13,069,140
Golub Capital Partners CLO 16 Ltd.
2021-16A A1R2, 6.50% (3 Month Term SOFR + 1.87%, Rate Floor: 1.61%) due 07/25/33◊,3		26,750,000		26,851,934

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
2021-16A A2R2, 6.69% (3 Month Term SOFR + 2.06%, Rate Floor: 1.80%) due 07/25/33◊,3		9,750,000	$	9,946,955
Carlyle Direct Lending CLO LLC
2024-1A A11A, 6.46% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 07/15/36◊,3		28,850,000		28,945,799
2024-1A A12B, 6.66% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/15/36◊,3		7,500,000		7,555,842
Palmer Square CLO Ltd.
2024-4A BR, 6.32% (3 Month Term SOFR + 1.70%, Rate Floor: 1.70%) due 10/20/37◊,3		19,950,000		20,082,899
2024-4A CR, 6.47% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/20/37◊,3		16,250,000		16,381,467
Golub Capital Partners CLO 31M Ltd.
2024-31A A1RR, 6.21% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 11/05/37◊,3		23,250,000		23,366,234
2024-31A BRR, 6.46% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 11/05/37◊,3		9,500,000		9,624,556
2024-31A CRR, 6.91% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 11/05/37◊,3		2,250,000		2,258,552
Fortress Credit BSL XV Ltd.
2024-2A AR, 6.03% (3 Month Term SOFR + 1.40%, Rate Floor: 1.40%) due 10/18/33◊,3		35,000,000		35,088,326
KREF Ltd.
2021-FL2 AS, 5.80% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/15/39◊,3		19,300,000		18,927,873
2021-FL2 C, 6.50% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 02/15/39◊,3		16,600,000		15,986,846
Golub Capital Partners CLO 49M Ltd.
2021-49A BR, 6.78% (3 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 08/26/33◊,3		21,695,000		21,706,819
2021-49A CR, 7.48% (3 Month Term SOFR + 2.86%, Rate Floor: 2.86%) due 08/26/33◊,3		12,600,000		12,615,623
Madison Park Funding XLVIII Ltd.
2021-48A B, 6.33% (3 Month Term SOFR + 1.71%, Rate Floor: 1.71%) due 04/19/33◊,3		27,500,000		27,551,538
2021-48A C, 6.88% (3 Month Term SOFR + 2.26%, Rate Floor: 2.26%) due 04/19/33◊,3		6,650,000		6,666,703
Owl Rock CLO XIX LLC
2024-19A A, 6.27% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 10/22/37◊,3		18,000,000		18,111,830
2024-19A B, 6.52% (3 Month Term SOFR + 1.90%, Rate Floor: 1.90%) due 10/22/37◊,3		12,700,000		12,914,580
BCC Middle Market CLO LLC
2021-1A A1R, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 10/15/33◊,3		30,450,000		30,533,323
Owl Rock CLO II Ltd.
2021-2A ALR, 6.43% (3 Month Term SOFR + 1.81%, Rate Floor: 1.55%) due 04/20/33◊,3		30,350,000		30,404,955

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
Neuberger Berman Loan Advisers CLO 40 Ltd.
2021-40A B, 6.31% (3 Month Term SOFR + 1.66%, Rate Floor: 1.40%) due 04/16/33◊,3		26,700,000	$	26,738,509
2021-40A C, 6.66% (3 Month Term SOFR + 2.01%, Rate Floor: 1.75%) due 04/16/33◊,3		2,500,000		2,500,366
MidOcean Credit CLO VII
2020-7A BR, 6.52% (3 Month Term SOFR + 1.86%, Rate Floor: 0.00%) due 07/15/29◊,3		27,180,123		27,157,640
Fontainbleau Vegas
10.13% (1 Month Term SOFR + 5.65%, Rate Floor: 1.00%) due 01/31/26◊,†††		26,250,000		26,250,000
STWD Ltd.
2019-FL1 B, 6.11% (1 Month Term SOFR + 1.71%, Rate Floor: 1.71%) due 07/15/38◊,3		11,210,000		11,193,214
2019-FL1 C, 6.46% (1 Month Term SOFR + 2.06%, Rate Floor: 2.06%) due 07/15/38◊,3		8,800,000		8,744,563
2021-FL2 A, 5.69% (1 Month Term SOFR + 1.31%, Rate Floor: 1.20%) due 04/18/38◊,3		3,250,023		3,237,177
2021-FL2 C, 6.59% (1 Month Term SOFR + 2.21%, Rate Floor: 2.10%) due 04/18/38◊,3		2,820,000		2,729,990
2019-FL1 AS, 5.91% (1 Month Term SOFR + 1.51%, Rate Floor: 1.51%) due 07/15/38◊,3		46,260		46,235
BSPDF Issuer Ltd.
2021-FL1 C, 6.76% (1 Month Term SOFR + 2.36%, Rate Floor: 2.25%) due 10/15/36◊,3		15,300,000		14,813,491
2021-FL1 B, 6.31% (1 Month Term SOFR + 1.91%, Rate Floor: 1.80%) due 10/15/36◊,3		6,500,000		6,291,647
2021-FL1 D, 7.26% (1 Month Term SOFR + 2.86%, Rate Floor: 2.75%) due 10/15/36◊,3		3,500,000		3,411,462
Madison Park Funding LIII Ltd.
2022-53A B, 6.37% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35◊,3		24,000,000		24,074,131
BDS Ltd.
2021-FL9 C, 6.39% (1 Month Term SOFR + 2.01%, Rate Floor: 1.90%) due 11/16/38◊,3		19,500,000		18,961,868
2021-FL9 D, 6.74% (1 Month Term SOFR + 2.36%, Rate Floor: 2.25%) due 11/16/38◊,3		4,400,000		4,379,442
FS Rialto Issuer LLC
2024-FL9 AS, 6.46% (1 Month Term SOFR + 2.09%, Rate Floor: 2.09%) due 10/19/39◊,3		12,150,000		12,120,079
2024-FL9 B, 6.66% (1 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 10/19/39◊,3		10,850,000		10,823,222
Cerberus Loan Funding XLVI, LP
2024-2A A, 6.51% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 07/15/36◊,3		16,500,000		16,604,565
2024-2A B, 6.96% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 07/15/36◊,3		5,900,000		6,044,057
ABPCI Direct Lending Fund CLO II LLC
2024-1A A1RR, 6.58% (3 Month Term SOFR + 1.65%, Rate Floor: 1.65%) due 07/20/37◊,3		22,500,000		22,614,507

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
KREF Funding V LLC
6.26% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 06/25/26◊,†††		22,081,647	$	21,977,355
0.15% due 06/25/26†††,7		313,636,364		222,682
Golub Capital Partners CLO 36M Ltd.
2018-36A A, 6.12% (3 Month Term SOFR + 1.56%, Rate Floor: 0.00%) due 02/05/31◊,3		21,460,694		21,492,617
Madison Park Funding LVIII Ltd.
2024-58A B, 6.58% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 04/25/37◊,3		11,700,000		11,790,278
2024-58A C, 7.08% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/25/37◊,3		8,250,000		8,382,487
VOYA CLO
2024-2A B, 6.81% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 07/20/37◊,3		14,750,000		14,858,505
2021-2A BR, 7.07% (3 Month Term SOFR + 2.41%, Rate Floor: 2.15%) due 06/07/30◊,3		4,950,000		4,963,526
Recette CLO Ltd.
2021-1A BRR, 6.28% (3 Month Term SOFR + 1.66%, Rate Floor: 0.00%) due 04/20/34◊,3		9,800,000		9,801,487
2021-1A CRR, 6.63% (3 Month Term SOFR + 2.01%, Rate Floor: 0.00%) due 04/20/34◊,3		9,200,000		9,210,284
Neuberger Berman Loan Advisers CLO 32 Ltd.
2021-32A BR, 6.28% (3 Month Term SOFR + 1.66%, Rate Floor: 1.40%) due 01/20/32◊,3		14,100,000		14,127,102
2021-32A CR, 6.58% (3 Month Term SOFR + 1.96%, Rate Floor: 1.70%) due 01/20/32◊,3		4,200,000		4,204,275
BSPRT Issuer Ltd.
2021-FL7 C, 6.81% (1 Month Term SOFR + 2.41%, Rate Floor: 2.41%) due 12/15/38◊,3		7,250,000		7,259,143
2021-FL6 C, 6.56% (1 Month Term SOFR + 2.16%, Rate Floor: 2.05%) due 03/15/36◊,3		5,550,000		5,383,020
2021-FL7 B, 6.56% (1 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 12/15/38◊,3		4,875,000		4,862,222
Cerberus Loan Funding XXXVIII, LP
2022-2A A1, 7.41% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 10/15/34◊,3		16,570,000		16,716,610
Owl Rock CLO I LLC
2024-1A ANR, 6.92% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 02/20/36◊,3		14,400,000		14,507,496
2024-1A BR, 7.77% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 02/20/36◊,3		1,100,000		1,103,590
Dryden 36 Senior Loan Fund
2020-36A CR3, 6.97% (3 Month Term SOFR + 2.31%, Rate Floor: 2.05%) due 04/15/29◊,3		15,200,000		15,212,809
Owl Rock CLO XIII LLC
2023-13A B, 7.70% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 09/20/35◊,3		14,750,000		15,124,382
Madison Park Funding Ltd.
2024-69A B, 7.28% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 07/25/37◊,3		14,500,000		14,628,208

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
Ares Direct Lending CLO 2 LLC
2024-2A C, 6.95% (3 Month Term SOFR + 2.35%, Rate Floor: 2.35%) due 10/20/36◊,3		13,600,000	$	13,657,195
BDS LLC
2024-FL13 A, 5.94% (1 Month Term SOFR + 1.58%, Rate Floor: 1.58%) due 09/19/39◊,3		5,000,000		5,010,677
2024-FL13 AS, 6.36% (1 Month Term SOFR + 1.99%, Rate Floor: 1.99%) due 09/19/39◊,3		4,000,000		4,009,138
2024-FL13 B, 6.61% (1 Month Term SOFR + 2.24%, Rate Floor: 2.24%) due 09/19/39◊,3		3,900,000		3,890,469
Octagon Investment Partners 49 Ltd.
2024-5A BR, 6.61% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 04/15/37◊,3		12,800,000		12,876,454
BSPRT Issuer LLC
2024-FL11 AS, 6.49% (1 Month Term SOFR + 2.10%, Rate Floor: 2.10%) due 07/15/39◊,3		8,900,000		8,929,243
2024-FL11 B, 6.69% (1 Month Term SOFR + 2.29%, Rate Floor: 2.29%) due 07/15/39◊,3		3,800,000		3,796,103
Cerberus Loan Funding XXXI, LP
2021-1A C, 7.52% (3 Month Term SOFR + 2.86%, Rate Floor: 2.60%) due 04/15/32◊,3		12,000,000		12,012,480
Greystone Commercial Real Estate Notes
2021-FL3 C, 6.51% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 07/15/39◊,3		12,000,000		11,905,571
PFP Ltd.
2024-11 A, 6.32% (1 Month Term SOFR + 1.83%, Rate Floor: 1.83%) due 09/17/39◊,3		6,829,342		6,834,617
2024-11 AS, 6.67% (1 Month Term SOFR + 2.19%, Rate Floor: 2.19%) due 09/17/39◊,3		5,009,191		5,034,858
Venture XIV CLO Ltd.
2020-14A CRR, 7.03% (3 Month Term SOFR + 2.51%, Rate Floor: 2.25%) due 08/28/29◊,3		11,841,064		11,853,652
BRSP Ltd.
2024-FL2 A, 6.31% (1 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 08/19/37◊,3		5,650,000		5,637,755
2021-FL1 D, 7.18% (1 Month Term SOFR + 2.81%, Rate Floor: 2.70%) due 08/19/38◊,3		4,200,000		4,090,657
2024-FL2 AS, 6.75% (1 Month Term SOFR + 2.38%, Rate Floor: 2.38%) due 08/19/37◊,3		1,850,000		1,846,753
Golub Capital Partners CLO 46 Ltd.
2024-46A BR, 6.92% (3 Month Term SOFR + 2.30%, Rate Floor: 2.30%) due 04/20/37◊,3		10,300,000		10,335,786
Neuberger Berman CLO XVI-S Ltd.
2021-16SA BR, 6.32% (3 Month Term SOFR + 1.66%, Rate Floor: 1.40%) due 04/15/34◊,3		10,200,000		10,210,032
Neuberger Berman Loan Advisers CLO 47 Ltd.
2022-47A B, 6.45% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 04/14/35◊,3		9,000,000		9,031,362

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
Boyce Park CLO Ltd.
2022-1A B1, 6.37% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35◊,3		8,800,000	$	8,825,348
Owl Rock CLO X LLC
2023-10A A, 7.07% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/20/35◊,3		7,300,000		7,325,373
Fortress Credit Opportunities XXV CLO LLC
2024-25A A2, 6.15% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 01/15/37◊,3		7,200,000		7,200,000
Fortress Credit BSL XVI Ltd.
2024-3A BR, 6.47% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 10/20/35◊,3		7,000,000		7,024,915
Dryden 37 Senior Loan Fund
2015-37A Q,  due 01/15/313,13		10,000,000		6,967,665
Golub Capital Partners CLO 17 Ltd.
2017-17A A1R, 6.54% (3 Month Term SOFR + 1.91%, Rate Floor: 0.00%) due 10/25/30◊,3		6,814,255		6,818,186
NewStar Fairfield Fund CLO Ltd.
2018-2A A1N, 6.15% (3 Month Term SOFR + 1.53%, Rate Floor: 1.27%) due 04/20/30◊,3		6,648,785		6,656,378
Owl Rock CLO IX LLC
2024-9A BR, 6.37% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 11/22/37◊,3		6,450,000		6,556,746
ACRE Commercial Mortgage Ltd.
2021-FL4 C, 6.24% (1 Month Term SOFR + 1.86%, Rate Floor: 1.75%) due 12/18/37◊,3		3,100,000		3,065,817
2021-FL4 B, 5.89% (1 Month Term SOFR + 1.51%, Rate Floor: 1.40%) due 12/18/37◊,3		3,100,000		3,065,764
Barings CLO Limited 2022-III
2024-3A BR, 6.39% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 10/20/37◊,3		5,950,000		6,001,034
HGI CRE CLO Ltd.
2021-FL2 B, 6.01% (1 Month Term SOFR + 1.61%, Rate Floor: 1.61%) due 09/17/36◊,3		5,000,000		4,954,235
2021-FL2 C, 6.31% (1 Month Term SOFR + 1.91%, Rate Floor: 1.91%) due 09/17/36◊,3		1,000,000		992,075
Ares Direct Lending CLO 3 LLC
2024-3A B, 6.29% (3 Month Term SOFR + 1.85%, Rate Floor: 1.85%) due 01/20/37◊,3		5,450,000		5,533,571
Sound Point CLO XXIV
2021-3A B1R, 6.59% (3 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 10/25/34◊,3		5,150,000		5,141,151
Owl Rock CLO XVII LLC
2024-17A B, 7.23% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 07/15/36◊,3		4,300,000		4,369,521
Shackleton CLO Ltd.
2021-16A B, 6.63% (3 Month Term SOFR + 2.01%, Rate Floor: 1.75%) due 10/20/34◊,3		3,900,000		3,915,093
MF1 Multifamily Housing Mortgage Loan Trust
2021-FL6 D, 7.04% (1 Month Term SOFR + 2.66%, Rate Floor: 2.55%) due 07/16/36◊,3		3,800,000		3,681,388

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Loan Obligations - 11.0% (continued)
Dryden XXVI Senior Loan Fund
2018-26A CR, 6.77% (3 Month Term SOFR + 2.11%, Rate Floor: 0.00%) due 04/15/29◊,3		3,500,000	$	3,506,009
Allegro CLO VII Ltd.
2024-1A CR, 6.66% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 06/13/31◊,3		2,500,000		2,500,683
Sound Point CLO XXXI Ltd.
2021-3A B, 6.54% (3 Month Term SOFR + 1.91%, Rate Floor: 1.65%) due 10/25/34◊,3		2,200,000		2,199,516
Carlyle Global Market Strategies CLO Ltd.
2012-3A SUB,  due 01/14/323,13		8,920,000		1,540,473
Voya CLO Ltd.
2013-1A INC,  due 10/15/303,13		10,575,071		404,285
Great Lakes CLO Ltd.
2014-1A SUB,  due 10/15/293,13		461,538		174,154
Treman Park CLO Ltd.
2015-1A SUB,  due 10/20/283,13		6,859,005		19,617
Venture XIII CLO Ltd.
2013-13A SUB,  due 09/10/293,13		3,700,000		370
Copper River CLO Ltd.
2007-1A INC,  due 01/20/219,13		1,500,000		150
Babson CLO Ltd.
2014-IA SUB,  due 07/20/253,13		1,300,000		130
Total Collateralized Loan Obligations				2,955,743,518
Financial - 2.4%
Station Place Securitization Trust
2024-SP1, 5.85% (1 Month Term SOFR + 1.40%, Rate Floor: 1.40%) due 08/12/25◊,†††,3		50,500,000		50,500,000
2024-SP2, 6.15% (1 Month Term SOFR + 1.70%, Rate Floor: 1.70%) due 07/12/26◊,†††,3		50,500,000		50,500,000
2024-SP4, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,3		34,275,000		34,275,000
2024-SP3, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,3		17,125,000		17,125,000
KKR Core Holding Company LLC
4.00% due 08/12/31†††		73,441,456		66,407,115
HV Eight LLC
7.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/31/27◊,†††	EUR	51,954,306		53,565,318
LVNV Funding LLC
7.80% due 11/05/28†††		39,400,000		40,864,481
6.84% due 06/12/29†††		11,400,000		11,448,105
Strategic Partners Fund VIII, LP
7.17% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26◊,†††		52,088,846		51,683,370
Ceamer Finance LLC
6.79% due 11/15/39†††		28,450,000		28,450,000
3.69% due 03/24/31†††		14,746,178		13,982,082
6.92% due 11/15/37†††		6,234,182		6,229,192
Thunderbird A
5.50% due 03/01/37†††		49,904,843		45,987,344
Lightning A
5.50% due 03/01/37†††		49,753,993		45,848,336
Project Onyx I
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††		45,083,668		44,618,547
Project Onyx
7.34% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/28◊,†††		24,668,987		24,427,684
HarbourVest Structured Solutions IV Holdings, LP
7.55% (3 Month Term SOFR + 2.95%, Rate Floor: 2.45%) due 09/15/26◊,†††		16,236,174		16,169,664
6.38% (3 Month EURIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26◊,†††	EUR	8,091,316		8,257,643

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Financial - 2.4% (continued)
Project Onyx II
7.74% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27◊,†††		12,390,158	$	12,282,659
Bib Merchant Voucher Receivables Ltd.
4.18% due 04/07/28†††		12,238,254		11,956,573
Nassau LLC
2019-1, 3.98% due 08/15/349		8,560,095		7,940,189
Industrial DPR Funding Ltd.
2016-1A, 5.24% due 04/15/263		983,748		978,585
Total Financial				643,496,887
Transport-Aircraft - 2.0%
AASET Trust
2024-1A, 6.26% due 05/16/493		49,321,517		49,675,631
2021-1A, 2.95% due 11/16/413		40,809,224		38,073,124
2021-2A, 2.80% due 01/15/473		29,153,398		26,533,385
2020-1A, 3.35% due 01/16/403		11,043,201		10,601,879
2019-2, 3.38% due 10/16/393		1,217,330		1,168,727
2019-1, 3.84% due 05/15/393		660,246		640,498
Navigator Aircraft ABS Ltd.
2021-1, 2.77% due 11/15/463		55,392,613		50,900,421
AASET Ltd.
2024-2A, 5.93% due 09/16/493		50,563,158		50,260,613
Next10, Inc.
6.73% due 12/15/30†††		46,621,592		47,137,145
Slam Ltd.
2024-1A, 5.34% due 09/15/493		31,886,710		31,260,844
2021-1A, 2.43% due 06/15/463		14,198,310		12,898,044
2021-1A, 3.42% due 06/15/463		1,171,800		1,060,818
Navigator Aviation Ltd.
2024-1, 5.40% due 08/15/493		40,804,763		39,830,149
Lunar Structured Aircraft Portfolio Notes
2021-1, 2.64% due 10/15/463		37,434,063		34,193,000
Castlelake Aircraft Structured Trust
2021-1A, 3.47% due 01/15/463		27,041,848		25,985,945
Sprite Ltd.
2021-1, 3.75% due 11/15/463		22,332,915		21,351,408
Sapphire Aviation Finance II Ltd.
2020-1A, 3.23% due 03/15/403		21,631,321		20,334,090
KDAC Aviation Finance Ltd.
2017-1A, 4.21% due 12/15/423		14,880,550		14,397,081
AASET US Ltd.
2018-2A, 4.45% due 11/18/383		13,616,528		13,344,426
WAVE LLC
2019-1, 3.60% due 09/15/443		13,374,081		12,535,660
Falcon Aerospace Ltd.
2019-1, 3.60% due 09/15/393		6,504,771		6,146,530
2017-1, 4.58% due 02/15/423		976,623		962,957
Sapphire Aviation Finance I Ltd.
2018-1A, 4.25% due 03/15/403		5,163,640		5,048,181
Castlelake Aircraft Securitization Trust
2018-1, 4.13% due 06/15/433		4,992,463		4,742,850
MAPS Ltd.
2018-1A, 4.21% due 05/15/433		4,248,377		4,220,831
Total Transport-Aircraft				523,304,237
Whole Business - 1.8%
Subway Funding LLC
2024-3A, 5.91% due 07/30/543		36,200,000		35,344,366
2024-1A, 6.51% due 07/30/543		28,550,000		29,306,044
2024-1A, 6.27% due 07/30/543		18,900,000		19,227,994
2024-1A, 6.03% due 07/30/543		9,500,000		9,615,671
Arbys Funding LLC
2020-1A, 3.24% due 07/30/503		94,153,848		89,399,577
SERVPRO Master Issuer LLC
2021-1A, 2.39% due 04/25/513		43,625,720		39,308,571
2022-1A, 3.13% due 01/25/523		22,853,750		20,808,305
2024-1A, 6.17% due 01/25/543		16,495,350		16,546,082
2019-1A, 3.88% due 10/25/493		6,513,200		6,328,724
Sonic Capital LLC
2021-1A, 2.64% due 08/20/513		23,332,230		18,874,983
2020-1A, 3.85% due 01/20/503		12,139,143		11,711,305
2021-1A, 2.19% due 08/20/513		9,959,445		8,797,688

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Whole Business - 1.8% (continued)
2020-1A, 4.34% due 01/20/503		6,969,317	$	6,489,269
Wingstop Funding LLC
2020-1A, 2.84% due 12/05/503		25,117,500		23,483,205
2024-1A, 5.86% due 12/05/543		12,000,000		12,024,637
2022-1A, 3.73% due 03/05/523		1,191,000		1,113,450
ServiceMaster Funding LLC
2020-1, 3.34% due 01/30/513		27,779,485		23,554,259
2020-1, 2.84% due 01/30/513		9,241,007		8,420,295
Five Guys Holdings, Inc.
2023-1A, 7.55% due 01/26/543		25,445,000		26,308,295
Applebee’s Funding LLC / IHOP Funding LLC
2019-1A, 4.72% due 06/05/493		22,918,500		22,515,306
Taco Bell Funding LLC
2016-1A, 4.97% due 05/25/463		17,392,559		17,359,287
DB Master Finance LLC
2019-1A, 4.02% due 05/20/493		15,870,625		15,642,599
Wendy’s Funding LLC
2019-1A, 3.78% due 06/15/493		12,040,603		11,760,015
Domino’s Pizza Master Issuer LLC
2017-1A, 4.12% due 07/25/473		7,802,000		7,594,770
Total Whole Business				481,534,697
Infrastructure - 1.5%
VB-S1 Issuer LLC - VBTEL
2022-1A, 4.29% due 02/15/523		40,900,000		39,283,873
2024-1A, 5.59% due 05/15/543		28,950,000		28,992,646
2024-1A, 6.64% due 05/15/543		3,950,000		4,013,219
Stack Infrastructure Issuer LLC
2023-3A, 5.90% due 10/25/483		31,313,000		31,594,761
2024-1A, 5.90% due 03/25/493		16,250,000		16,518,476
2020-1A, 1.89% due 08/25/453		11,624,000		11,386,744
2023-2A, 5.90% due 07/25/483		6,000,000		6,072,001
2023-1A, 5.90% due 03/25/483		6,000,000		6,051,529
Hotwire Funding LLC
2023-1A, 8.84% due 05/20/533		31,200,000		32,212,602
2024-1A, 5.89% due 06/20/543		22,750,000		22,978,790
2021-1, 2.31% due 11/20/513		5,350,000		5,056,784
2024-1A, 9.19% due 06/20/543		3,860,000		4,040,686
2021-1, 2.66% due 11/20/513		4,025,000		3,784,975
2024-1A, 6.67% due 06/20/543		3,150,000		3,184,697
Switch ABS Issuer LLC
2024-2A, 5.44% due 06/25/543		52,900,000		52,767,152
2024-1A, 6.28% due 03/25/543		9,550,000		9,686,911
Aligned Data Centers Issuer LLC
2021-1A, 1.94% due 08/15/463		47,980,000		45,611,482
2023-1A, 6.00% due 08/17/483		2,600,000		2,637,749
2023-2A, 6.50% due 11/16/483		1,345,000		1,377,184
Vantage Data Centers Issuer LLC
2024-1A, 5.10% due 09/15/543		30,550,000		29,981,770
2020-1A, 1.65% due 09/15/453		3,100,000		3,027,341
SBA Tower Trust
4.83% due 10/15/293		22,150,000		21,635,909
6.60% due 01/15/283		3,800,000		3,897,305
Blue Stream Issuer LLC
2023-1A, 5.40% due 05/20/533		6,625,000		6,632,576
2024-1A, 5.41% due 11/20/543		5,100,000		5,108,202
ALLO Issuer LLC
2024-1A, 5.94% due 07/20/543		1,000,000		1,009,088
Total Infrastructure				398,544,452
Net Lease - 0.9%
Capital Automotive REIT
2020-1A, 3.48% due 02/15/503		21,852,060		20,890,946
2024-2A, 5.25% due 05/15/543		14,096,458		13,883,304
2024-3A, 4.55% due 10/15/543		9,819,219		9,171,672
2024-2A, 4.90% due 05/15/543		3,418,333		3,371,993
STORE Master Funding I-VII
2016-1A, 3.96% due 10/20/463		26,673,498		25,894,315
2016-1A, 4.32% due 10/20/463		10,564,645		10,221,002
CF Hippolyta Issuer LLC
2022-1A, 6.11% due 08/15/623		20,275,457		20,165,092

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Net Lease - 0.9% (continued)
2020-1, 2.28% due 07/15/603		10,075,718	$	9,767,210
CARS-DB4, LP
2020-1A, 3.81% due 02/15/503		19,913,079		17,883,878
2020-1A, 3.25% due 02/15/503		3,375,557		3,023,910
CMFT Net Lease Master Issuer LLC
2021-1, 2.91% due 07/20/513		10,050,000		9,038,225
2021-1, 3.04% due 07/20/513		5,050,000		4,202,926
2021-1, 3.44% due 07/20/513		3,215,000		2,701,994
2021-1, 2.51% due 07/20/513		3,000,000		2,668,490
SVC ABS LLC
2023-1A, 5.15% due 02/20/533		15,209,292		14,864,743
2023-1A, 5.55% due 02/20/533		3,483,958		3,372,382
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 2.26% due 11/20/503		14,918,750		14,379,677
STORE Master Funding LLC
2021-1A, 2.96% due 06/20/513		12,576,000		10,231,449
2021-1A, 3.70% due 06/20/513		3,520,297		2,923,387
Tenet Equity Funding LLC
2024-1A, 5.49% due 10/20/543		10,045,935		9,890,937
STORE Master Funding I LLC
2015-1A, 4.17% due 04/20/453		9,891,186		9,849,761
New Economy Assets Phase 1 Sponsor LLC
2021-1, 2.41% due 10/20/613		10,000,000		8,977,273
Store Master Funding I-VII XIV XIX XX XXIV XXII
2024-1A, 5.69% due 05/20/543		5,980,000		6,019,583
CARS-DB5, LP
2021-1A, 2.76% due 08/15/513		6,535,375		5,414,157
CARS-DB7, LP
2023-1A, 5.75% due 09/15/533		4,322,500		4,362,184
CF Hippolyta LLC
2020-1, 2.60% due 07/15/603		4,312,872		3,727,289
Store Master Funding I-VII
2018-1A, 4.74% due 10/20/483		2,802,325		2,763,955
Total Net Lease				249,661,734
Single Family Residence - 0.9%
Tricon Residential Trust
2023-SFR2, 5.00% due 12/17/403		31,239,000		30,439,315
2024-SFR4, 4.65% due 11/17/413		10,775,000		10,376,318
2024-SFR3, 5.00% due 08/17/413		10,500,000		10,218,409
2024-SFR2, 4.75% due 06/17/403		9,993,784		9,866,931
2024-SFR3, 5.25% due 08/17/413		9,550,000		9,259,164
2024-SFR2, 5.90% due 06/17/403		9,215,000		9,208,636
2024-SFR2, 5.70% due 06/17/403		7,950,000		7,956,358
2021-SFR1, 2.59% due 07/17/383		7,000,000		6,696,359
2024-SFR1, 4.75% due 04/17/413		3,600,000		3,500,623
FirstKey Homes Trust
2020-SFR2, 4.50% due 10/19/373		21,640,000		21,299,360
2020-SFR2, 4.00% due 10/19/373		20,340,000		19,957,822
2020-SFR2, 3.37% due 10/19/373		13,010,000		12,713,895
2021-SFR1, 2.19% due 08/17/383		13,174,000		12,501,615
Home Partners of America Trust
2021-2, 2.65% due 12/17/263		46,347,132		43,624,618
2021-3, 2.80% due 01/17/413		15,124,254		13,503,737
Invitation Homes Trust
2024-SFR1, 4.00% due 09/17/413		13,100,000		12,257,040
Total Single Family Residence				233,380,200
Collateralized Debt Obligations - 0.4%
Anchorage Credit Funding 4 Ltd.
2021-4A AR, 2.72% due 04/27/393		111,754,127		103,762,735
Anchorage Credit Funding 13 Ltd.
2021-13A A2, 2.80% due 07/27/393		2,700,000		2,554,725
2021-13A C2, 3.65% due 07/27/393		1,950,000		1,708,271

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
ASSET-BACKED SECURITIES†† - 21.9% (continued)
Collateralized Debt Obligations - 0.4% (continued)
Oxford Finance Funding
2020-1A A2, 3.10% due 02/15/283		4,122,894	$	4,084,729
Total Collateralized Debt Obligations				112,110,460
Transport-Container - 0.4%
Textainer Marine Containers VII Ltd.
2020-1A, 2.73% due 08/21/453		36,483,989		34,722,929
2021-2A, 2.23% due 04/20/463		2,296,667		2,096,181
TIF Funding III LLC
2024-1A, 5.48% due 04/20/493		31,426,875		31,134,391
Textainer Marine Containers Ltd.
2021-3A, 1.94% due 08/20/463		22,726,000		19,850,059
MC Ltd.
2021-1, 2.63% due 11/05/353		8,458,147		7,797,496
CLI Funding VIII LLC
2021-1A, 1.64% due 02/18/463		2,396,539		2,164,889
Total Transport-Container				97,765,945
Insurance - 0.3%
Obra Longevity
8.48% due 06/30/39†††		67,000,000		69,522,697
CHEST
7.13% due 03/15/43†††		17,190,000		17,500,513
JGWPT XXIII LLC
2011-1A, 4.70% due 10/15/563		1,923,839		1,861,421
JGWPT XXIV LLC
2011-2A, 4.94% due 09/15/563		1,416,603		1,366,615
321 Henderson Receivables VI LLC
2010-1A, 5.56% due 07/15/593		403,523		404,299
VICOF 2
4.00% due 02/22/30†††		339,959		335,212
SPSS
5.14% due 11/15/52†††,9		133,642		121,111
Total Insurance				91,111,868
Unsecured Consumer Loans - 0.1%
Service Experts Issuer LLC
2024-1A, 6.39% due 11/20/353		20,564,270		20,856,402
Foundation Finance Trust
2024-2A, 4.93% due 03/15/503		8,200,000		8,080,042
Stream Innovations Issuer Trust
2024-2A, 5.21% due 02/15/453		7,733,827		7,707,479
GreenSky Home Improvement Issuer Trust
2024-2, 5.26% due 10/27/593		2,700,000		2,691,752
Total Unsecured Consumer Loans				39,335,675
Automotive - 0.1%
Avis Budget Rental Car Funding AESOP LLC
2023-8A, 6.66% due 02/20/303		15,350,000		15,982,662
2023-8A, 6.02% due 02/20/303		11,000,000		11,405,079
2024-3A, 5.58% due 12/20/303		8,250,000		8,249,404
Total Automotive				35,637,145
Asset Backed Securities - 0.1%
Endo Luxembourg Finance Co I SARL / Endo US, Inc.
7.40% due 09/30/45†††		15,650,000		15,576,891
Akso Health Group
7.27% due 12/31/44		8,400,000		8,386,466
Total Asset Backed Securities				23,963,357
Total Asset-Backed Securities
(Cost $5,957,769,315)				5,885,590,175
U.S. GOVERNMENT SECURITIES†† - 19.7%
United States Treasury Inflation Indexed Bonds
1.88% due 07/15/34		500,564,904		485,044,985
2.13% due 04/15/29		311,266,810		311,642,583
1.63% due 10/15/29		257,804,410		253,472,814
0.13% due 10/15/25		217,993,216		215,473,629
0.38% due 01/15/27		210,887,998		204,473,631
1.25% due 04/15/28		142,640,621		138,972,279
0.50% due 01/15/28		130,073,373		124,342,223
0.13% due 04/15/27		106,940,227		102,499,351
1.38% due 07/15/33		29,068,941		27,191,980
U.S. Treasury Notes
4.13% due 06/15/26		453,680,000		452,900,523
4.13% due 11/30/29		265,300,000		262,285,871
3.75% due 08/31/31		214,220,000		205,239,503
4.25% due 02/28/31		197,000,000		194,764,818
3.63% due 09/30/31		180,000,000		171,046,897
4.00% due 02/15/34		176,800,000		169,261,096
4.13% due 07/31/31		170,000,000		166,612,968
3.75% due 12/31/30		157,200,000		151,456,668
3.63% due 08/31/29		36,200,000		35,050,642
4.63% due 03/15/26		3,185,000		3,198,766
3.63% due 03/31/28		2,570,000		2,517,117
2.13% due 05/15/25		1,100,000		1,091,381
3.88% due 11/30/27		4,000		3,955
U.S. Treasury Bonds
4.38% due 11/15/39		481,310,000		461,302,819

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
U.S. GOVERNMENT SECURITIES†† - 19.7% (continued)
due 05/15/516,14		1,576,540,000	$	444,131,277
due 05/15/447,14		398,930,000		150,121,073
due 02/15/546,14		428,590,000		111,512,231
due 08/15/546,14		428,590,000		109,653,599
due 02/15/467,14		290,070,000		100,061,863
due 11/15/516,14		275,000,000		75,645,509
due 11/15/546,14		187,000,000		47,541,470
due 11/15/447,14		75,000,000		27,530,199
U.S. Treasury Strip Principal
due 02/15/516,14		280,000,000		79,348,447
Total U.S. Government Securities
(Cost $5,614,882,639)				5,285,392,167
SENIOR FLOATING RATE INTERESTS††,◊ - 4.1%
Financial - 1.2%
QTS Good News Facility
7.10% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 10/09/28◊		49,925,000		49,925,000
Higginbotham Insurance Agency, Inc.
8.86% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 11/24/28†††		49,722,956		49,355,069
9.11% (1 Month Term SOFR + 4.75%, Rate Floor: 5.75%) due 11/24/28†††		2,312,674		2,295,563
Citadel Securities, LP
6.33% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/31/31		42,675,435		42,772,308
Jane Street Group, LLC
6.40% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 01/26/28		41,670,178		41,613,090
Asurion LLC
8.61% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30		24,019,800		23,934,049
CPI Holdco B, LLC
due 05/16/31		19,800,000		19,775,250
Alliant Holdings Intermediate LLC
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 09/19/31		19,615,838		19,646,438
HighTower Holding LLC
8.07% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 04/21/28		17,242,912		17,307,572
Eisner Advisory Group
8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 02/28/31		16,779,929		16,935,814
Eagle Point Holdings Borrower LLC
8.38% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 03/31/28†††		14,877,692		14,877,692
Galaxy Bidco Ltd.
due 12/05/29	EUR	13,250,000		13,729,147
Jefferies Finance LLC
7.36% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 10/21/31		8,575,000		8,601,840
Worldpay
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/31/31		2,887,763		2,899,198
Virtu Financial
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 06/21/31		2,070,000		2,073,892
CPI Holdco B LLC
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 05/17/31		1,147,125		1,143,844
Total Financial				326,885,766
Industrial - 0.9%
EMRLD Borrower, LP
6.93% (6 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/31/30		18,334,800		18,388,888
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 08/04/31		7,750,575		7,773,207
Quikrete Holdings, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 03/19/29		11,591,832		11,578,502
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 04/14/31		11,490,060		11,476,961
Clean Harbors, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 10/08/28		21,963,012		22,116,753
Capstone Acquisition Holdings, Inc.
8.96% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 11/12/29†††		20,985,121		20,872,016

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 4.1% (continued)
Industrial - 0.9% (continued)
Total Webhosting Solutions B.V.
7.36% (1 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 10/31/31	EUR	19,000,000	$	19,632,940
United Rentals, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 02/14/31		17,740,938		17,869,559
United Airlines, Inc.
6.63% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 02/22/31		17,316,881		17,347,878
Genesee & Wyoming, Inc.
6.08% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/10/31		15,162,000		15,117,272
AS Mileage Plan Ltd.
6.66% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/15/31		11,400,000		11,439,900
Brown Group Holding LLC
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 07/01/31		4,945,569		4,960,257
7.00% ((1 Month Term SOFR + 2.50%) and (3 Month Term SOFR + 2.50%), Rate Floor: 3.00%) due 07/01/31		4,456,005		4,465,897
StandardAero
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 10/31/31		7,930,000		7,959,738
Amentum Holdings, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 09/29/31		7,300,000		7,269,559
Jefferies Finance LLC
due 10/09/31		5,050,000		5,075,250
TransDigm, Inc.
6.83% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 01/19/32		4,837,875		4,845,422
Dispatch Terra Acquisition LLC
8.73% (3 Month Term SOFR + 4.40%, Rate Floor: 5.15%) due 03/27/28		3,757,369		3,572,619
Air Canada
6.34% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 03/21/31		3,424,748		3,435,468
CPG International LLC
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 09/26/31		3,067,313		3,076,913
Arcosa, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 08/12/31		2,770,000		2,789,058
Beacon Roofing Supply, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 05/19/28		2,227,500		2,232,846
Hillman Group, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 07/14/28		1,540,218		1,546,640
Merlin Buyer, Inc.
8.33% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/14/28		609,644		606,595
API Heat Transfer Thermasys Corp.
12.66% (3 Month Term SOFR + 8.00%, Rate Floor: 11.00%) due 11/12/27†††		20,114		20,114
9.66% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 11/10/27†††		11,642		11,642
Total Industrial				225,481,894
Consumer, Cyclical - 0.7%
MB2 Dental Solutions LLC
9.86% (1 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31†††		21,180,654		21,133,165
10.02% (3 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31†††		2,855,947		2,806,021
9.84% (1 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31†††		273,932		244,002

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 4.1% (continued)
Consumer, Cyclical - 0.7% (continued)
Betclic Everest Group SAS
6.26% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 12/05/31	EUR	18,200,000	$	18,917,175
First Brands Group LLC
9.85% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27		19,670,823		18,380,023
Life Time, Inc.
7.03% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 10/22/31		15,000,000		15,041,250
Restaurant Brands
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 09/20/30		14,875,250		14,785,404
Pacific Bells LLC
8.60% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 11/10/28		13,753,700		13,746,823
due 11/10/28		600,000		599,700
Peer Holding III BV
7.33% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 07/01/31		8,475,000		8,509,409
5.93% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 07/01/31	EUR	4,300,000		4,474,967
PCI Gaming Authority, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/18/31		11,310,465		11,277,438
Entain Holdings (Gibraltar) Ltd.
5.93% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 06/30/28	EUR	7,800,000		8,093,864
Wyndham Hotels & Resorts, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 05/24/30		7,581,900		7,584,630
Packers Holdings LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 03/09/28		14,361,012		7,151,784
Prime Security Services Borrower LLC
6.77% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 10/13/30		3,491,250		3,511,866
6.52% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/15/30		1,500,000		1,502,340
Scientific Games Corp.
7.59% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 04/04/29		4,987,500		4,994,981
Caesars Entertainment, Inc.
due 02/06/30		4,728,144		4,726,158
Seaworld Parks & Entertainment, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 11/19/31		4,488,750		4,473,802
Casper Bidco SAS (B&B Hotels)
7.17% (6 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 03/21/31	EUR	4,250,000		4,414,698
Go Daddy Operating Company LLC
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 05/30/31		4,248,650		4,243,127
Tripadvisor, Inc.
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 07/08/31		4,089,750		4,110,199
Clarios Global, LP
5.97% ((1 Month EURIBOR + 3.00%) and (3 Month EURIBOR + 3.00%), Rate Floor: 3.00%) due 07/16/31	EUR	2,850,870		2,954,376
Station Casinos LLC
6.38% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 03/14/31		2,183,500		2,184,548
Frontdoor, Inc.
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 12/17/31		2,100,000		2,105,250

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 4.1% (continued)
Consumer, Cyclical - 0.7% (continued)
Rent-A-Center, Inc.
7.34% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 02/17/28†††		457,434	$	457,434
WW International, Inc.
7.97% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 04/13/28		1,395,000		301,320
Total Consumer, Cyclical				192,725,754
Consumer, Non-cyclical - 0.6%
Quirch Foods Holdings LLC
9.64% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/27/27		28,302,045		26,320,902
Nidda Healthcare Holding GmbH
7.01% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 02/21/30	EUR	24,166,306		25,134,110
Froneri US, Inc.
6.36% (3 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 09/30/31		23,715,000		23,719,269
Southern Veterinary Partners LLC
7.71% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/30/31		18,549,943		18,661,243
Midwest Veterinary Partners LLC
8.39% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 04/27/28		18,014,904		18,037,423
Women’s Care Holdings, Inc.
9.19% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 01/15/28		15,514,747		14,739,009
Hanger, Inc.
7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 10/23/31		8,925,760		9,003,861
Blue Ribbon LLC
10.85% (3 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 05/08/28		12,436,875		8,332,706
US Foods, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 10/03/31		5,200,000		5,226,572
HAH Group Holding Co. LLC
9.36% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31		4,454,024		4,448,456
CHG PPC Parent LLC
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 12/08/28		1,532,019		1,538,729
Elanco Animal Health, Inc.
6.40% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 08/01/27		1,149,255		1,147,278
Medline Borrower LP
6.61% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 10/23/28		847,875		850,156
Energizer Holdings, Inc.
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 12/22/27		406,504		406,886
Total Consumer, Non-cyclical				157,566,600
Technology - 0.4%
Polaris Newco LLC
9.95% (1 Month GBP SONIA + 5.25%, Rate Floor: 5.25%) due 06/02/28	GBP	21,955,463		25,962,708
4.00% (3 Month EURIBOR + 4.00%, Rate Floor: 8.00%) due 06/02/28	EUR	4,987,113		4,974,350
Visma AS
7.13% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 12/05/28†††	EUR	23,750,000		24,362,760

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 4.1% (continued)
Technology - 0.4% (continued)
Datix Bidco Ltd.
10.20% (1 Month GBP SONIA + 5.50%, Rate Floor: 5.50%) due 04/25/31†††	GBP	10,570,675	$	13,135,539
9.93% (6 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 04/30/31†††		2,613,869		2,594,726
10.02% (1 Month GBP SONIA + 5.50%, Rate Floor: 6.00%) due 10/25/30†††	GBP	141,171		156,115
10.02% (1 Month Term SOFR + 5.50%, Rate Floor: 6.00%) due 10/25/30†††		155,289		137,162
Modena Buyer LLC
8.86% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/01/31		11,400,000		11,009,094
Aston FinCo SARL
9.47% (1 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 10/09/26	GBP	5,597,870		6,366,077
8.72% (1 Month Term SOFR + 4.25%, Rate Floor: 5.25%) due 10/09/26		733,939		703,664
Gen Digital, Inc.
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 2.25%) due 09/12/29		5,429,012		5,407,133
Dun & Bradstreet Corp.
6.59% (1 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 01/18/29		4,322,422		4,323,200
Total Technology				99,132,528
Communications - 0.1%
Speedster Bidco GMBH
due 10/17/31	EUR	10,200,000		10,597,918
due 10/17/31		9,970,000		9,986,650
SBA Senior Finance II LLC
6.11% (1 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 01/25/31		13,466,080		13,461,502
Zayo Group Holdings, Inc.
7.47% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/09/27		1,652,094		1,544,014
Xplore, Inc.
6.00% (1 Month Term SOFR + 1.50%, Rate Floor: 1.50%) due 10/24/31		1,423,884		1,153,346
9.47% (1 Month Term SOFR + 1.50%, Rate Floor: 1.50%) (in-kind rate was 3.50%) due 10/23/2915		397,388		390,434
Total Communications				37,133,864
Energy - 0.1%
ITT Holdings LLC
7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 10/11/30		14,978,481		15,049,629
Venture Global Calcasieu Pass LLC
7.33% (1 Month Term SOFR + 2.88%, Rate Floor: 3.88%) due 08/19/26		5,216,654		5,216,654
WhiteWater DBR HoldCo LLC
6.63% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 03/03/31		4,588,500		4,607,129
Total Energy				24,873,412
Utilities - 0.1%
Calpine Construction Finance Company, LP
6.36% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 07/31/30		10,350,000		10,318,329
UGI Energy Services LLC
6.86% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 02/22/30		3,782,631		3,796,022
TerraForm Power Operating LLC
6.93% (3 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 05/21/29		197,790		197,954
Total Utilities				14,312,305
Basic Materials - 0.0%
Trinseo Materials Operating S.C.A.
7.28% (3 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 05/03/28		10,711,500		7,022,781

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
SENIOR FLOATING RATE INTERESTS††,◊ - 4.1% (continued)
Basic Materials - 0.0% (continued)
Arsenal AIC Parent LLC
7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 08/18/30		1,866,197	$	1,879,727
Minerals Technologies, Inc.
6.34% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 11/21/31†††		1,000,000		1,002,500
GrafTech Finance, Inc.
due 11/04/29		979,768		979,768
Total Basic Materials				10,884,776
Total Senior Floating Rate Interests
(Cost $1,114,348,513)				1,088,996,899
FEDERAL AGENCY BONDS†† - 0.7%
Tennessee Valley Authority
4.25% due 09/15/65		138,205,000		113,750,316
4.63% due 09/15/60		42,436,000		37,700,482
5.38% due 04/01/56		9,283,000		9,450,308
due 09/15/537,14		1,612,000		339,989
due 09/15/557,14		1,612,000		304,138
due 09/15/567,14		1,612,000		288,058
due 03/15/577,14		1,612,000		280,340
due 09/15/577,14		1,612,000		271,096
due 09/15/587,14		1,612,000		253,369
due 03/15/597,14		1,612,000		248,154
due 09/15/597,14		1,612,000		240,644
due 09/15/607,14		1,612,000		227,811
due 09/15/547,14		1,020,000		203,187
due 03/15/617,14		1,020,000		140,252
due 09/15/617,14		1,020,000		135,974
due 09/15/627,14		1,020,000		128,710
due 03/15/637,14		1,020,000		125,224
due 09/15/637,14		1,020,000		121,376
due 09/15/647,14		1,020,000		114,881
due 03/15/657,14		1,020,000		111,328
due 09/15/657,14		1,020,000		108,303
Tennessee Valley Authority Principal Strips
due 01/15/486,14		38,804,000		11,203,064
due 12/15/426,14		23,785,000		9,256,599
due 01/15/386,14		15,800,000		8,054,050
due 04/01/566,14		11,415,000		2,090,920
due 09/15/656,14		3,500,000		371,626
due 09/15/396,14		170,000		79,619
Federal Farm Credit Bank
3.11% due 08/05/48		1,500,000		1,064,344
1.99% due 07/30/40		300,000		195,623
2.60% due 09/06/39		250,000		182,299
2.90% due 12/09/41		220,000		160,281
2.59% due 12/30/41		180,000		124,713
2.74% due 11/01/39		144,000		106,722
2.84% due 06/01/46		140,000		93,916
2.59% due 08/24/46		140,000		89,800
3.67% due 02/26/44		70,000		56,912
Federal Home Loan Bank
2.45% due 08/16/41		270,000		184,764
3.63% due 06/22/43		100,000		81,379
Freddie Mac
2.25% due 09/15/50		360,000		202,725
Total Federal Agency Bonds
(Cost $317,478,057)				198,143,296
MUNICIPAL BONDS†† - 0.2%
California - 0.2%
California Statewide Communities Development Authority Revenue Bonds
7.14% due 08/15/47		10,335,000		10,906,792
California Public Finance Authority Revenue Bonds
3.07% due 10/15/40		8,000,000		6,111,726
2.55% due 01/01/40		3,600,000		2,458,806
Hillsborough City School District General Obligation Unlimited
due 09/01/3714		1,000,000		506,270
due 09/01/3914		1,000,000		447,672
Oakland Redevelopment Agency Successor Agency Tax Allocation
4.00% due 09/01/39		1,100,000		931,319
Total California				21,362,585
Illinois - 0.0%
State of Illinois General Obligation Unlimited
5.65% due 12/01/38		4,550,000		4,573,880
6.63% due 02/01/35		1,540,000		1,605,337
City of Chicago Illinois General Obligation Unlimited
6.31% due 01/01/44		4,500,000		4,557,529
Total Illinois				10,736,746
Texas - 0.0%
Central Texas Turnpike System Revenue Bonds
3.03% due 08/15/41		3,150,000		2,325,482
Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds
3.42% due 09/01/50		2,500,000		1,734,936
Total Texas				4,060,418
Washington - 0.0%
Central Washington University Revenue Bonds
6.95% due 05/01/40		1,750,000		1,902,796
Oklahoma - 0.0%
Tulsa Airports Improvement Trust Revenue Bonds
3.10% due 06/01/45		1,000,000		710,977
Oklahoma Development Finance Authority Revenue Bonds
4.65% due 08/15/30		450,000		425,161
Total Oklahoma				1,136,138
Total Municipal Bonds
(Cost $45,346,087)				39,198,683

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount~		Value
FOREIGN GOVERNMENT DEBT†† - 0.1%
Panama Government International Bond
4.50% due 04/16/50		22,700,000	$	13,988,783
Israel Government International Bond
5.38% due 03/12/29		9,800,000		9,769,601
Total Foreign Government Debt
(Cost $35,063,312)				23,758,384
U.S. TREASURY BILLS†† - 0.0%
U.S. Treasury Bills
4.04% due 02/13/2516		5,300,000		5,273,829
4.38% due 01/02/2516		4,800,000		4,800,000
4.88% due 04/17/2516		550,000		543,326
Total U.S. Treasury Bills
(Cost $10,615,301)				10,617,155
		Contracts/Notional Value		Value
OTC OPTIONS PURCHASED†† - 0.1%
Put Options on:
Foreign Exchange Options
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $448,380,554)	EUR	283,040,000		4,481,247
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $448,380,554)	EUR	283,040,000		4,481,247
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $313,867,972)	EUR	198,129,000		3,145,921
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $148,240,910)	EUR	93,577,000		1,485,829
Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $134,510,998)	EUR	84,910,000		1,348,214
BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $24,410,317)	EUR	15,409,000		244,666
Total OTC Options Purchased
(Cost $13,195,203)				15,187,124
OTC INTEREST RATE SWAPTIONS PURCHASED††,17 - 0.0%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.60% (Notional Value $719,378,560)	GBP	574,400,000		2,960,542
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.23% (Notional Value $702,721,640)	GBP	561,100,000		1,712,622
Total Interest Rate Call Swaptions				4,673,164
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.23% (Notional Value $702,721,640)	GBP	561,100,000		2,790,530
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.85% (Notional Value $719,378,560)	GBP	574,400,000		1,692,758
Total Interest Rate Put Swaptions				4,483,288
Total OTC Interest Rate Swaptions Purchased
(Cost $12,128,359)				9,156,452
Total Investments - 112.5%
(Cost $31,723,050,208)			$	30,192,522,707

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Contracts/Notional Value		Value
OTC INTEREST RATE SWAPTIONS WRITTEN††,17 - (0.0)%
Call Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 2.73% (Notional Value $702,721,640)	GBP	561,100,000	$	(853,571	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 3.10% (Notional Value $719,378,560)	GBP	574,400,000		(1,466,722	)
Total Interest Rate Call Swaptions				(2,320,293	)
Put Swaptions on:
Interest Rate Swaptions
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.60% (Notional Value $719,378,560)	GBP	574,400,000		(2,431,420	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring October 2025 with exercise rate of 4.23% (Notional Value $702,721,640)	GBP	561,100,000		(3,964,567	)
Total Interest Rate Put Swaptions				(6,395,987	)
Total OTC Interest Rate Swaptions Written
(Premiums received $10,648,612)				(8,716,280	)
Other Assets & Liabilities, net - (12.5)%				(3,360,189,474	)
Total Net Assets - 100.0%			$	26,823,616,953

Centrally Cleared Credit Default Swap Agreements Protection Purchased^††

Counterparty	Exchange	Index	Protection Premium Rate			Payment Frequency	Maturity Date		Notional Amount~	Value			Upfront Premiums Received			Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	ICE	ITRAXX.EUR.42.V1		1.00	%	Quarterly	12/20/29	EUR	56,240,000	$	(1,155,204	)	$	(1,195,403	)	$	40,199
BofA Securities, Inc.	ICE	CDX.NA.IG.43.V1		1.00	%	Quarterly	12/20/29		644,242,019		(14,379,946	)		(13,727,613	)		(652,333	)
										$	(15,535,150	)	$	(14,923,016	)	$	(612,134	)

OTC Credit Default Swap Agreements Protection Purchased^††

Counterparty	Index		Protection Premium Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Received			Unrealized Appreciation (Depreciation)**
Morgan Stanley Capital Services LLC		CDX.NA.HY.43.V1 (15-25%)		5.00	%	Quarterly	12/20/29	$	29,980,000	$	(1,505,562	)	$	(1,878,470	)	$	372,908
Morgan Stanley Capital Services LLC		CDX.NA.HY.43.V1 (25-35%)		5.00	%	Quarterly	12/20/29		29,980,000		(4,315,579	)		(4,511,439	)		195,860
										$	(5,821,141	)	$	(6,389,909	)	$	568,768

Centrally Cleared Interest Rate Swap Agreements^††

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)**
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.48	%	Annually	11/02/33	$	389,640,000	$	12,081,022		$	2,839	$	12,078,183
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.99	%	Annually	10/11/25		1,337,210,000		7,548,858			1,407		7,547,451
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	12/23/29		584,523,266		1,200,862			3,209		1,197,653
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		4.09	%	Annually	12/23/29		584,276,734		1,139,304			3,208		1,136,096
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.96	%	Annually	04/03/34		53,740,000		(460,157	)		485		(460,642	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.94	%	Annually	06/05/30		1,956,400,000		(2,642,451	)		211,248		(2,853,699	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.66	%	Annually	01/16/29		240,000,000		(3,436,646	)		1,113		(3,437,759	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.76	%	Annually	02/06/29		650,000,000		(7,114,653	)		2,641		(7,117,294	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.39	%	Annually	08/02/29		707,410,000		(7,591,648	)		2,171		(7,593,819	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.59	%	Annually	01/02/28		660,000,000		(8,798,863	)		2,446		(8,801,309	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.73	%	Annually	12/04/34		393,000,000		(10,987,698	)		3,417		(10,991,115	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		3.40	%	Annually	04/04/28		900,000,000		(18,213,930	)		2,825		(18,216,755	)
BofA Securities, Inc.	CME	Pay	U.S. Secured Overnight Financing Rate		2.78	%	Annually	07/18/27		1,803,000,000		(56,313,910	)		4,240		(56,318,150	)
											$	(93,589,910	)	$	241,249	$	(93,831,159	)

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Forward Foreign Currency Exchange Contracts^††

Counterparty	Currency	Type	Quantity		Contract Amount	Settlement Date	Unrealized Appreciation (Depreciation)
Nomura Global Financial Products, Inc.	EUR	Sell		162,175,000	170,258,126 USD	01/17/25	$	2,120,104
Citibank, N.A.	GBP	Sell		37,000,000	46,902,236 USD	01/17/25		583,394
Barclays Bank plc	EUR	Sell		13,295,000	13,992,102 USD	01/17/25		208,257
Barclays Bank plc	GBP	Sell		7,000,000	8,906,998 USD	01/17/25		143,974
Bank of America, N.A.	EUR	Sell		7,950,000	8,387,183 USD	02/27/25		130,422
Barclays Bank plc	EUR	Sell		4,775,000	5,034,548 USD	02/27/25		75,298
Toronto-Dominion Bank	EUR	Sell		18,300,000	18,989,996 USD	01/17/25		17,122
Barclays Bank plc	GBP	Buy		620,000	785,858 USD	01/17/25		(9,704	)
Bank of America, N.A.	GBP	Buy		625,000	793,113 USD	01/17/25		(10,700	)
Barclays Bank plc	EUR	Buy		13,100,000	13,628,954 USD	01/17/25		(47,280	)
							$	3,210,887

OTC Interest Rate Swaptions Purchased

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate		Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.60%	10/31/25		3.60%	$	719,378,560	$	2,960,542
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		3.23%	10/28/25		3.23%		702,721,640		1,712,622
											$	4,673,164
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.48%	10/28/25		4.48%	$	702,721,640	$	2,790,530
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		4.85%	10/31/25		4.85%		719,378,560		1,692,758
											$	4,483,288

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

OTC Interest Rate Swaptions Written

Counterparty/Description	Floating Rate Type	Floating Rate Index	Payment Frequency	Fixed Rate		Expiration Date	Exercise Rate		Swaption Notional Amount		Swaption Value
Call
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		2.73%	10/28/25		2.73%	$	702,721,640	$	(853,571	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Receive	12 Month GBP SONIA	Annual		3.10%	10/31/25		3.10%		719,378,560		(1,466,722	)
											$	(2,320,293	)
Put
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.60%	10/31/25		4.60%	$	719,378,560	$	(2,431,420	)
Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap	Pay	12 Month GBP SONIA	Annual		4.23%	10/28/25		4.23%		702,721,640		(3,964,567	)
											$	(6,395,987	)

~	The face amount is denominated in U.S. dollars unless otherwise indicated.
*	Non-income producing security.
**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Affiliated issuer.
2	Special Purpose Acquisition Company (SPAC).
3	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $11,375,326,991 (cost $11,768,487,469), or 42.4% of total net assets.
4	Rate indicated is the 7-day yield as of December 31, 2024.
5	Security is unsettled at period end and does not have a stated effective rate.
6	Security is a principal-only strip.
7	Security is an interest-only strip.
8	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
9	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $162,190,240 (cost $166,267,985), or 0.6% of total net assets — See Note 6.
10	Perpetual maturity.
11	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
12	Security is in default of interest and/or principal obligations.
13	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
14	Zero coupon rate security.
15	Payment-in-kind security.
16	Rate indicated is the effective yield at the time of purchase.
17	Swaptions — See additional disclosure in the swaptions table above for more information on swaptions.

BofA — Bank of America

CDX.NA.HY.43.V1 — Credit Default Swap North American High Yield Series 43 Index Version 1

CDX.NA.IG.43.V1 — Credit Default Swap North American Investment Grade Series 43 Index Version 1

CME — Chicago Mercantile Exchange

CMT — Constant Maturity Treasury

EUR — Euro

EURIBOR — European Interbank Offered Rate

GBP — British Pound

ICE — Intercontinental Exchange

ITRAXX.EUR.42.V1 — iTraxx Europe Series 42 Index Version 1

plc — Public Limited Company

REMIC — Real Estate Mortgage Investment Conduit

REIT — Real Estate Investment Trust

SARL —  Société à Responsabilité Limitée

SOFR — Secured Overnight Financing Rate

SONIA — Sterling Overnight Index Average

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

The following table summarizes the inputs used to value the Fund’s investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	89,273	$	401,365	$	180,806	$	671,444
Preferred Stocks		—		674,849,056		47,864,800		722,713,856
Warrants		913		—		389		1,302
Mutual Funds		244,384,811		—		—		244,384,811
Money Market Funds		115,825,984		—		—		115,825,984
Collateralized Mortgage Obligations		—		9,446,038,363		52,002,695		9,498,041,058
Corporate Bonds		—		6,418,447,781		636,396,136		7,054,843,917
Asset-Backed Securities		—		5,052,368,456		833,221,719		5,885,590,175
U.S. Government Securities		—		5,285,392,167		—		5,285,392,167
Senior Floating Rate Interests		—		935,535,379		153,461,520		1,088,996,899
Federal Agency Bonds		—		198,143,296		—		198,143,296
Municipal Bonds		—		39,198,683		—		39,198,683
Foreign Government Debt		—		23,758,384		—		23,758,384
U.S. Treasury Bills		—		10,617,155		—		10,617,155
Options Purchased		—		15,187,124		—		15,187,124
Interest Rate Swaptions Purchased		—		9,156,452		—		9,156,452
Credit Default Swap Agreements**		—		608,967		—		608,967
Interest Rate Swap Agreements**		—		21,959,383		—		21,959,383
Forward Foreign Currency Exchange Contracts**		—		3,278,571		—		3,278,571
Total Assets	$	360,300,981	$	28,134,940,582	$	1,723,128,065	$	30,218,369,628

Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Interest Rate Swaptions Written	$	—	$	8,716,280	$	—	$	8,716,280
Credit Default Swap Agreements**		—		652,333		—		652,333
Interest Rate Swap Agreements**		—		115,790,542		—		115,790,542
Forward Foreign Currency Exchange Contracts**		—		67,684		—		67,684
Unfunded Loan Commitments (Note 5)		—		—		505,530		505,530
Total Liabilities	$	—	$	125,226,839	$	505,530	$	125,732,369

^** This derivative is reported as unrealized appreciation/depreciation at period end.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

Category	Ending Balance at December 31, 2024		Valuation Technique	Unobservable Inputs	Input Range	Weighted Average*
Assets:
Asset-Backed Securities	$	369,853,356	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Asset-Backed Securities		266,718,790	Yield Analysis	Yield	3.3%-7.6%	7.1%
Asset-Backed Securities		152,622,682	Third Party Pricing	Broker Quote	—	—
Asset-Backed Securities		44,026,891	Third Party Pricing	Trade Price	—	—
Collateralized Mortgage Obligations		52,002,695	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Common Stocks		138,239	Model Price	Liquidation Value	—	—
Common Stocks		42,567	Enterprise Value	Valuation Multiple	2.6x-8.8x	5.0x
Corporate Bonds		325,341,666	Option adjusted spread off prior month end broker quote	Broker Quote	—	—
Corporate Bonds		249,054,469	Yield Analysis	Yield	6.4%-9.4%	6.9%
Corporate Bonds		62,000,000	Third Party Pricing	Trade Price	—	—
Corporate Bonds		1	Model Price	Liquidation Value	—	—
Preferred Stocks		47,864,800	Yield Analysis	Yield	6.6%	—
Senior Floating Rate Interests		96,737,592	Model Price	Purchase Price	—	—
Senior Floating Rate Interests		30,901,234	Yield Analysis	Yield	8.8%-10.0%	9.4%
Senior Floating Rate Interests		25,822,694	Third Party Pricing	Broker Quote	—	—
Warrants		389	Model Price	Liquidation Value	—	—
Total Assets	$	1,723,128,065
Liabilities:
Unfunded Loan Commitments	$	505,530	Model Price	Purchase Price	—	—

^* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security.

The Fund’s fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment’s valuation changes. For the period ended December 31, 2024, the Fund had securities with a total value of $24,820,194 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $16,446,253 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Summary of Fair Value Level 3 Activity 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2024:

	Assets																							Liabilities
	Asset-Backed Securities			Collateralized Mortgage Obligations			Corporate Bonds			Senior Floating Rate Interests			Warrants		Common Stocks			Preferred Stocks			Total Assets			Unfunded Loan Commitments
Beginning Balance	$	796,218,422		$	54,604,030		$	586,278,920		$	122,745,109		$	388	$	216,536		$	48,103,090		$	1,608,166,495		$	(121,352	)
Purchases/(Receipts)		121,041,059			-			64,744,408			10,653,996			-		-			-			196,439,463			(128,736	)
(Sales, maturities and paydowns)/Fundings		(57,921,096	)		(162,283	)		(1,527,937	)		(1,140,787	)		-		-			-			(60,752,103	)		155,660
Amortization of premiums/discounts		78,611			1,575			(18,674	)		43,040			-		-			-			104,552			31,631
Total realized gains (losses) included in earnings		(1	)		(11,465	)		-			(3,155	)		-		-			-			(14,621	)		76,756
Total change in unrealized appreciation (depreciation) included in earnings		(12,538,081	)		(2,429,162	)		(13,080,581	)		(867,819	)		1		(35,730	)		(238,290	)		(29,189,662	)		(519,489	)
Transfers into Level 3		-			-			-			24,820,194			-		-			-			24,820,194			-
Transfers out of Level 3		(13,657,195	)		-			-			(2,789,058	)		-		-			-			(16,446,253	)		-
Ending Balance	$	833,221,719		$	52,002,695		$	636,396,136		$	153,461,520		$	389	$	180,806		$	47,864,800		$	1,723,128,065		$	(505,530	)
Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2024	$	(12,519,932	)	$	(2,429,162	)	$	(13,080,581	)	$	56,085		$	1	$	(35,730	)	$	(238,290	)	$	(28,247,609	)	$	(51,457	)

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date	Future Reset Rate			Future Reset Date
Angel Oak Mortgage Trust 2023-2, 4.65% due 10/25/67		5.65	%	02/01/27		—			—
Angel Oak Mortgage Trust 2024-3, 4.80% due 11/26/68		5.80	%	02/01/28		—			—
Angel Oak Mortgage Trust 2024-4, 6.40% due 01/25/69		7.40	%	03/01/28		—			—
Angel Oak Mortgage Trust 2024-2, 6.19% due 01/25/69		7.13	%	01/01/28		—			—
Angel Oak Mortgage Trust 2024-4, 6.50% due 01/25/69		7.50	%	03/01/28		—			—
Angel Oak Mortgage Trust 2024-4, 6.20% due 01/25/69		7.20	%	03/01/28		—			—
Angel Oak Mortgage Trust 2024-2, 6.25% due 01/25/69		7.25	%	01/01/28		—			—
Angel Oak Mortgage Trust 2024-2, 5.99% due 01/25/69		6.93	%	01/01/28		—			—
Angel Oak Mortgage Trust 2024-3, 4.80% due 11/26/68		5.80	%	02/01/28		—			—
Angel Oak Mortgage Trust 2023-1, 4.75% due 09/26/67		5.75	%	01/01/27		—			—
Angel Oak Mortgage Trust 2023-1, 4.75% due 09/26/67		5.75	%	01/01/27		—			—
Angel Oak Mortgage Trust 2023-2, 4.65% due 10/25/67		5.65	%	02/01/27		—			—
Angel Oak Mortgage Trust 2024-12, 6.01% due 10/25/69		7.01	%	11/01/28		—			—
ATLX Trust 2024-RPL1, 3.85% due 04/25/64		4.85	%	08/01/28		—			—
BRAVO Residential Funding Trust 2023-NQM5, 7.01% due 06/25/63		8.01	%	07/01/27		—			—
BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70		6.13	%	01/30/25		—			—
BRAVO Residential Funding Trust 2023-NQM2, 4.50% due 05/25/62		5.50	%	02/01/27		—			—
BRAVO Residential Funding Trust 2023-NQM2, 4.50% due 05/25/62		5.50	%	02/01/27		—			—
BRAVO Residential Funding Trust 2024-NQM1, 6.40% due 12/01/63		7.40	%	01/01/28		—			—
BRAVO Residential Funding Trust 2023-NQM2, 4.50% due 05/25/62		5.50	%	02/01/27		—			—
BRAVO Residential Funding Trust 2024-NQM3, 6.39% due 03/25/64		7.39	%	03/01/28		—			—
BRAVO Residential Funding Trust 2023-NQM6, 7.06% due 09/25/63		8.06	%	08/01/27		—			—
BRAVO Residential Funding Trust 2024-NQM3, 6.19% due 03/25/64		7.19	%	03/01/28		—			—
BRAVO Residential Funding Trust 2024-NQM3, 6.50% due 03/25/64		7.50	%	03/01/28		—			—
Citigroup Mortgage Loan Trust, Inc. 2022-A, 6.17% due 09/25/62		9.17	%	09/25/25		10.17	%		09/25/26
COLT Mortgage Loan Trust 2024-2, 6.43% due 04/25/69		7.43	%	03/01/28		—			—
COLT Mortgage Loan Trust 2023-3, 7.18% due 09/25/68		8.18	%	09/01/27		—			—

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date	Future Reset Rate			Future Reset Date
COLT Mortgage Loan Trust 2023-3, 7.58% due 09/25/68		8.58	%	09/01/27		—			—
COLT Mortgage Loan Trust 2024-1, 6.14% due 02/25/69		7.14	%	01/01/28		—			—
COLT Mortgage Loan Trust 2024-2, 6.33% due 04/25/69		7.33	%	03/01/28		—			—
COLT Mortgage Loan Trust 2023-4, 7.62% due 10/25/68		8.62	%	10/01/27		—			—
COLT Mortgage Loan Trust 2024-2, 6.13% due 04/25/69		7.13	%	03/01/28		—			—
Cross Mortgage Trust 2024-H7, 5.97% due 11/25/69		6.97	%	10/01/28		—			—
Cross Mortgage Trust 2024-H5, 6.16% due 08/26/69		7.16	%	07/01/28		—			—
Cross Mortgage Trust 2024-H7, 5.82% due 11/25/69		6.82	%	10/01/28		—			—
Ellington Financial Mortgage Trust 2024-CES1, 5.52% due 01/26/60		6.52	%	12/01/28		—			—
GCAT Trust 2023-NQM3, 6.89% due 08/25/68		7.89	%	09/01/27		—			—
GCAT Trust 2022-NQM5, 5.71% due 08/25/67		6.71	%	10/01/26		—			—
GCAT Trust 2024-NQM2, 6.54% due 06/25/59		7.71	%	05/01/28		—			—
GCAT Trust 2022-NQM5, 5.71% due 08/25/67		6.71	%	10/01/26		—			—
GCAT Trust 2023-NQM3, 7.34% due 08/25/68		8.34	%	09/01/27		—			—
GCAT Trust 2022-NQM4, 5.73% due 08/25/67		6.73	%	08/01/26		—			—
GCAT Trust 2024-NQM2, 6.09% due 06/25/59		7.36	%	05/01/28		—			—
GCAT Trust 2024-NQM2, 6.44% due 06/25/59		7.56	%	05/01/28		—			—
GCAT Trust 2023-NQM2, 6.24% due 11/25/67		7.24	%	01/01/27		—			—
JP Morgan Mortgage Trust 2024-NQM1, 5.59% due 02/25/64		6.59	%	12/01/28		—			—
JP Morgan Mortgage Trust 2024-NQM1, 5.85% due 02/25/64		6.85	%	12/01/28		—			—
JP Morgan Mortgage Trust 2024-NQM1, 5.95% due 02/25/64		6.95	%	12/01/28		—			—
Legacy Mortgage Asset Trust 2021-GS5, 5.25% due 07/25/67		6.25	%	11/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS3, 4.75% due 07/25/61		5.75	%	05/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS4, 4.65% due 11/25/60		5.65	%	08/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS2, 4.75% due 04/25/61		5.75	%	04/25/25		—			—
LHOME Mortgage Trust 2024-RTL5, 5.32% due 09/25/39		6.32	%	03/25/27		—			—
Mill City Securities Ltd. 2024-RS1, 3.00% due 11/01/69		6.00	%	10/01/27		—			—
Mill City Securities Ltd. 2024-RS2, 3.00% due 08/01/69		6.00	%	12/01/27		—			—
Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3, 5.35% due 07/25/69		6.35	%	09/01/28		—			—
NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62		8.25	%	07/01/25		9.25	%		07/01/26
OBX Trust 2024-NQM15, 5.72% due 10/25/64		6.72	%	10/01/28		—			—
OBX Trust 2024-NQM12, 5.83% due 07/25/64		6.83	%	08/01/28		—			—
OBX Trust 2024-NQM16, 5.73% due 10/25/64		6.73	%	10/01/28		—			—
OBX Trust 2024-NQM13, 5.37% due 06/25/64		6.37	%	08/01/28		—			—
OBX Trust 2024-NQM9, 6.44% due 01/25/64		7.66	%	06/01/28		—			—
OBX Trust 2024-NQM3, 6.43% due 12/25/63		7.43	%	02/01/28		—			—

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date	Future Reset Rate			Future Reset Date
OBX Trust 2022-NQM9, 6.45% due 09/25/62		7.45	%	11/01/26		—			—
OBX Trust 2024-NQM4, 6.32% due 01/25/64		7.32	%	02/01/28		—			—
OBX Trust 2024-NQM7, 6.45% due 03/25/64		7.45	%	04/01/28		—			—
OBX Trust 2024-NQM6, 6.70% due 02/25/64		7.70	%	04/01/28		—			—
OBX Trust 2024-NQM4, 6.22% due 01/25/64		7.22	%	02/01/28		—			—
OBX Trust 2024-NQM3, 6.13% due 12/25/63		7.13	%	02/01/28		—			—
OBX Trust 2023-NQM2, 6.32% due 01/25/62		7.32	%	02/01/27		—			—
OBX Trust 2024-NQM2, 6.18% due 12/25/63		7.18	%	01/01/28		—			—
OBX Trust 2024-NQM6, 6.45% due 02/25/64		7.45	%	04/01/28		—			—
OBX Trust 2024-NQM10, 6.33% due 05/25/64		7.33	%	06/01/28		—			—
OBX Trust 2024-NQM7, 6.60% due 03/25/64		7.60	%	04/01/28		—			—
OBX Trust 2024-NQM7, 6.24% due 03/25/64		7.24	%	04/01/28		—			—
OBX Trust 2024-NQM11, 6.23% due 06/25/64		7.18	%	07/01/28		—			—
OBX Trust 2024-NQM11, 6.13% due 06/25/64		7.08	%	07/01/28		—			—
OBX Trust 2024-NQM8, 6.59% due 05/25/64		7.59	%	05/01/28		—			—
OBX Trust 2024-NQM8, 6.23% due 05/25/64		7.23	%	05/01/28		—			—
OBX Trust 2024-NQM6, 6.85% due 02/25/64		7.85	%	04/01/28		—			—
OBX Trust 2022-NQM8, 6.10% due 09/25/62		7.10	%	10/01/26		—			—
OBX Trust 2023-NQM2, 6.72% due 01/25/62		7.72	%	02/01/27		—			—
OBX Trust 2024-NQM16, 5.89% due 10/25/64		6.89	%	10/01/28		—			—
OBX Trust 2023-NQM9, 7.66% due 10/25/63		8.66	%	10/01/27		—			—
OBX Trust 2024-NQM3, 6.33% due 12/25/63		7.33	%	02/01/28		—			—
OBX Trust 2024-NQM18, 5.87% due 10/25/64		6.87	%	11/01/28		—			—
OBX Trust 2024-NQM17, 6.02% due 11/25/64		7.02	%	11/01/28		—			—
OBX Trust 2024-NQM4, 6.07% due 01/25/64		7.07	%	02/01/28		—			—
OBX Trust 2024-NQM17, 5.86% due 11/25/64		6.86	%	11/01/28		—			—
OBX Trust 2024-NQM8, 6.44% due 05/25/64		7.44	%	05/01/28		—			—
OBX Trust 2024-NQM9, 6.28% due 01/25/64		7.46	%	06/01/28		—			—
OBX Trust 2024-NQM11, 5.88% due 06/25/64		6.83	%	07/01/28		—			—
OBX Trust 2022-NQM9, 6.45% due 09/25/62		7.45	%	11/01/26		—			—
OBX Trust 2024-NQM5, 5.99% due 01/25/64		6.99	%	03/01/28		—			—
OBX Trust 2024-NQM5, 6.29% due 01/25/64		7.29	%	03/01/28		—			—
OBX Trust 2024-NQM5, 6.39% due 01/25/64		7.39	%	03/01/28		—			—
OSAT Trust 2021-RPL1, 5.12% due 05/25/65		6.12	%	06/25/25		—			—
PRPM LLC 2023-RCF1, 4.00% due 06/25/53		5.00	%	06/25/27		—			—
PRPM LLC 2021-5, 4.79% due 06/25/26		5.79	%	06/25/25		—			—
PRPM LLC 2024-5, 5.69% due 09/25/29		8.69	%	09/25/27		9.69	%		09/25/28
PRPM LLC 2024-6, 5.70% due 11/25/29		8.70	%	11/25/27		9.70	%		11/25/28

Total Return Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date	Future Reset Rate			Future Reset Date
PRPM LLC 2022-1, 3.72% due 02/25/27		6.72	%	02/25/25		7.72	%		02/25/26
PRPM LLC 2024-4, 6.41% due 08/25/29		9.41	%	08/25/27		10.41	%		08/25/28
RCKT Mortgage Trust 2024-CES4, 6.30% due 06/25/44		7.30	%	05/01/28		—			—
RCKT Mortgage Trust 2024-CES4, 6.15% due 06/25/44		7.15	%	05/01/28		—			—
Verus Securitization Trust 2022-8, 6.13% due 09/25/67		7.13	%	10/01/26		—			—
Verus Securitization Trust 2024-5, 6.45% due 06/25/69		7.45	%	06/01/28		—			—
Verus Securitization Trust 2023-7, 7.42% due 10/25/68		8.42	%	10/01/27		—			—
Verus Securitization Trust 2024-5, 6.65% due 06/25/69		7.65	%	06/01/28		—			—
Verus Securitization Trust 2024-9, 5.69% due 11/25/69		6.69	%	12/01/28		—			—
Verus Securitization Trust 2024-9, 5.89% due 11/25/69		6.89	%	12/01/28		—			—
Verus Securitization Trust 2024-1, 6.12% due 01/25/69		7.12	%	01/01/28		—			—
Verus Securitization Trust 2022-8, 6.13% due 09/25/67		7.13	%	10/01/26		—			—
Verus Securitization Trust 2023-2, 6.85% due 03/25/68		7.85	%	03/01/27		—			—
Vista Point Securitization Trust 2024-CES1, 6.68% due 05/25/54		7.67	%	04/01/28		—			—
Vista Point Securitization Trust 2024-CES2, 5.25% due 10/25/54		6.25	%	09/01/28		—			—
Vista Point Securitization Trust 2024-CES3, 5.68% due 01/25/55		6.68	%	12/01/28		—			—

Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments (“GI”), result in that company being considered an affiliated person, as defined in the Investment Company Act of 1940 ("affiliated issuer").

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III (collectively, the “Guggenheim Strategy Funds”), each of which are open-end management investment companies managed by GI. The Guggenheim Strategy Funds, which launched on March 11, 2014, are offered as short-term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Guggenheim Strategy Funds pay no investment management fees. The Guggenheim Strategy Funds’ annual report on Form N-CSR dated September 30, 2024 is available publicly or upon request. This information is available from the EDGAR database on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1601445/000139834424022509/fp0090292-6_ncsrixbrl.htm. The Fund also may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended December 31, 2024, in which the company is an affiliated issuer, were as follows:

Security Name	Value 09/30/24		Additions		Reductions			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 12/31/24		Shares 12/31/24		Investment Income
Common Stocks
BP Holdco LLC *	$	645	$	–	$	–		$	–		$	–		$	645		532	$	–
Mutual Funds
Guggenheim Limited Duration Fund — Class R6		131,524,706		1,457,648		–			–			(1,070,747	)		131,911,607		5,408,430		1,442,220
Guggenheim Strategy Fund II		30,712,524		423,993		(3,200,000	)		15,490			39,174			27,991,181		1,126,406		419,857
Guggenheim Strategy Fund III		16,574,884		41,175,496		(4,000,000	)		(22,508	)		128,017			53,855,889		2,159,418		667,331
Guggenheim Ultra Short Duration Fund — Institutional Class		30,260,817		395,249		–			–			(29,932	)		30,626,134		3,059,554		391,250
	$	209,073,576	$	43,452,386	$	(7,200,000	)	$	(7,018	)	$	(933,488	)	$	244,385,456			$	2,920,658

^* Non-income producing security.

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Shares		Value
EXCHANGE-TRADED FUND***,† - 0.5%
iShares Core S&P 500 ETF		3,680	$	2,166,342
Total Exchange-Traded Fund
(Cost $2,194,163)				2,166,342
MONEY MARKET FUND***,† - 2.4%
Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.34%1		10,464,816		10,464,816
Total Money Market Fund
(Cost $10,464,816)				10,464,816
		Face Amount
CORPORATE BONDS†† - 27.0%
Financial - 14.7%
Corebridge Financial, Inc.
3.50% due 04/04/25	$	5,150,000		5,131,579
Goldman Sachs Group, Inc.
3.50% due 04/01/25		5,050,000		5,031,986
Bank of America Corp.
3.95% due 04/21/25		4,100,000		4,088,739
Brighthouse Financial Global Funding
5.55% due 04/09/272		3,900,000		3,933,622
AEGON Funding Company LLC
5.50% due 04/16/272		3,750,000		3,782,634
UBS AG/Stamford CT
2.95% due 04/09/25		3,800,000		3,781,183
Essex Portfolio, LP
3.50% due 04/01/25		3,181,000		3,169,944
Macquarie Bank Ltd.
5.27% due 07/02/272		2,600,000		2,640,103
Jackson National Life Global Funding
1.75% due 01/12/252		2,600,000		2,597,836
Alexandria Real Estate Equities, Inc.
3.45% due 04/30/25		2,600,000		2,587,178
Citigroup, Inc.
5.34% (SOFR + 0.69%) due 01/25/26◊		2,550,000		2,551,349
Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.
2.88% due 10/15/262		2,650,000		2,514,359
Morgan Stanley Bank North America
5.88% due 10/30/26		2,400,000		2,450,399
FS KKR Capital Corp.
4.25% due 02/14/252		2,450,000		2,445,657
Lloyds Banking Group plc
5.09% due 11/26/283		2,300,000		2,302,552
American National Group, Inc.
5.00% due 06/15/27		2,150,000		2,138,500
CNO Global Funding
5.88% due 06/04/272		1,660,000		1,690,353
4.88% due 12/10/272		450,000		447,954
HSBC Holdings plc
5.13% due 11/19/283		2,100,000		2,099,329
Societe Generale S.A.
5.52% due 01/19/282,3		1,300,000		1,304,292
GA Global Funding Trust
1.63% due 01/15/262		1,300,000		1,255,320
LPL Holdings, Inc.
5.70% due 05/20/27		1,200,000		1,214,463
PennyMac Financial Services, Inc.
5.38% due 10/15/252		1,100,000		1,097,048
OneMain Finance Corp.
3.50% due 01/15/27		1,150,000		1,096,961
SLM Corp.
4.20% due 10/29/25		1,100,000		1,090,168
RenaissanceRe Finance, Inc.
3.70% due 04/01/25		700,000		697,343
Peachtree Corners Funding Trust
3.98% due 02/15/252		650,000		648,618
Fidelity & Guaranty Life Holdings, Inc.
5.50% due 05/01/252		127,000		126,992
Total Financial				63,916,461
Industrial - 2.9%
Ryder System, Inc.
3.35% due 09/01/25		4,820,000		4,772,703
Silgan Holdings, Inc.
1.40% due 04/01/262		2,350,000		2,238,423
Vontier Corp.
1.80% due 04/01/26		2,150,000		2,061,805
Jabil, Inc.
1.70% due 04/15/26		650,000		623,929
4.25% due 05/15/27		600,000		591,690
Berry Global, Inc.
1.65% due 01/15/27		1,100,000		1,029,983
3M Co.
2.65% due 04/15/25		1,000,000		993,319
Weir Group plc
2.20% due 05/13/262		440,000		423,068
Total Industrial				12,734,920
Communications - 2.3%
Fox Corp.
3.05% due 04/07/25		5,100,000		5,075,534
Rogers Communications, Inc.
2.95% due 03/15/25		2,400,000		2,386,820
T-Mobile USA, Inc.
2.63% due 04/15/26		1,600,000		1,559,225
2.25% due 02/15/26		600,000		582,766
Cogent Communications Group LLC
3.50% due 05/01/262		434,000		420,215
Sprint Spectrum Company LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC
4.74% due 03/20/252		56,250		56,218
Total Communications				10,080,778
Technology - 2.1%
CDW LLC / CDW Finance Corp.
2.67% due 12/01/26		4,300,000		4,123,985
Oracle Corp.
2.50% due 04/01/25		2,650,000		2,634,736

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
CORPORATE BONDS†† - 27.0% (continued)
Technology - 2.1% (continued)
Microchip Technology, Inc.
4.90% due 03/15/28	$	2,200,000	$	2,192,172
Total Technology				8,950,893
Consumer, Cyclical - 1.9%
Warnermedia Holdings, Inc.
3.64% due 03/15/25		5,700,000		5,681,670
VF Corp.
2.40% due 04/23/25		2,700,000		2,670,565
Total Consumer, Cyclical				8,352,235
Consumer, Non-cyclical - 1.9%
Humana, Inc.
4.50% due 04/01/25		5,000,000		4,992,828
Triton Container International Ltd.
2.05% due 04/15/262		2,200,000		2,108,124
Element Fleet Management Corp.
6.27% due 06/26/262		1,200,000		1,220,417
Total Consumer, Non-cyclical				8,321,369
Utilities - 0.6%
Avangrid, Inc.
3.20% due 04/15/25		2,250,000		2,238,598
AES Corp.
3.30% due 07/15/252		300,000		297,115
Total Utilities				2,535,713
Energy - 0.4%
NuStar Logistics, LP
5.75% due 10/01/25		1,100,000		1,099,809
Buckeye Partners, LP
4.13% due 03/01/252		450,000		448,795
Total Energy				1,548,604
Basic Materials - 0.2%
International Flavors & Fragrances, Inc.
1.23% due 10/01/252		540,000		524,931
Anglo American Capital plc
5.38% due 04/01/252		450,000		450,330
Total Basic Materials				975,261
Total Corporate Bonds
(Cost $118,289,478)				117,416,234
ASSET-BACKED SECURITIES†† - 25.7%
Collateralized Loan Obligations - 19.3%
HERA Commercial Mortgage Ltd.
2021-FL1 AS, 5.79% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/18/38◊,2		5,000,000		4,899,425
2021-FL1 A, 5.54% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/18/38◊,2		1,557,256		1,549,817
Golub Capital Partners CLO 49M Ltd.
2021-49A AR, 6.41% (3 Month Term SOFR + 1.79%, Rate Floor: 1.79%) due 08/26/33◊,2		6,250,000		6,257,811
BXMT Ltd.
2020-FL2 AS, 5.65% (1 Month Term SOFR + 1.26%, Rate Floor: 1.26%) due 02/15/38◊,2		2,550,000		2,511,138
2020-FL3 AS, 6.25% (1 Month Term SOFR + 1.86%, Rate Floor: 1.86%) due 11/15/37◊,2		2,500,000		2,459,679
2020-FL2 A, 5.40% (1 Month Term SOFR + 1.01%, Rate Floor: 1.01%) due 02/15/38◊,2		909,363		893,734
Palmer Square Loan Funding Ltd.
2021-2A B, 6.18% (3 Month Term SOFR + 1.66%, Rate Floor: 1.66%) due 05/20/29◊,2		4,500,000		4,503,105
2022-1A A2, 6.25% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 04/15/30◊,2		1,000,000		1,001,486
FS Rialto
2021-FL3 B, 6.31% (1 Month Term SOFR + 1.91%, Rate Floor: 1.91%) due 11/16/36◊,2		5,500,000		5,447,371
Cerberus Loan Funding XXXV, LP
2021-5A A, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 09/22/33◊,2		5,000,000		5,010,620
Golub Capital Partners CLO 54M LP
2021-54A A, 6.35% (3 Month Term SOFR + 1.79%, Rate Floor: 1.53%) due 08/05/33◊,2		4,750,000		4,755,931
Owl Rock CLO IV Ltd.
2021-4A A1R, 6.38% (3 Month Term SOFR + 1.86%, Rate Floor: 1.60%) due 08/20/33◊,2		4,500,000		4,500,866
Golub Capital Partners CLO 16 Ltd.
2021-16A A1R2, 6.50% (3 Month Term SOFR + 1.87%, Rate Floor: 1.61%) due 07/25/33◊,2		4,250,000		4,266,195

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 25.7% (continued)
Collateralized Loan Obligations - 19.3% (continued)
BRSP Ltd.
2021-FL1 B, 6.38% (1 Month Term SOFR + 2.01%, Rate Floor: 1.90%) due 08/19/38◊,2	$	4,250,000	$	4,139,361
Madison Park Funding XLVIII Ltd.
2021-48A B, 6.33% (3 Month Term SOFR + 1.71%, Rate Floor: 1.71%) due 04/19/33◊,2		4,000,000		4,007,496
Golub Capital Partners CLO 33M Ltd.
2021-33A AR2, 6.64% (3 Month Term SOFR + 2.12%, Rate Floor: 1.86%) due 08/25/33◊,2		3,750,000		3,754,576
LCCM Trust
2021-FL3 A, 5.96% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 11/15/38◊,2		2,208,512		2,206,563
2021-FL2 B, 6.41% (1 Month Term SOFR + 2.01%, Rate Floor: 2.01%) due 12/13/38◊,2		1,000,000		989,499
Cerberus Loan Funding XXXII, LP
2021-2A A, 6.54% (3 Month Term SOFR + 1.88%, Rate Floor: 1.88%) due 04/22/33◊,2		2,500,000		2,506,205
ABPCI Direct Lending Fund CLO I LLC
2021-1A A1A2, 6.58% (3 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 07/20/33◊,2		2,250,000		2,277,018
Cerberus Loan Funding XXXIII, LP
2021-3A A, 6.47% (3 Month Term SOFR + 1.82%, Rate Floor: 1.56%) due 07/23/33◊,2		2,250,000		2,257,066
THL Credit Lake Shore MM CLO I Ltd.
2021-1A A1R, 6.62% (3 Month Term SOFR + 1.96%, Rate Floor: 1.70%) due 04/15/33◊,2		2,220,485		2,226,258
Owl Rock CLO X LLC
2023-10A A, 7.07% (3 Month Term SOFR + 2.45%, Rate Floor: 2.45%) due 04/20/35◊,2		2,000,000		2,006,952
Madison Park Funding LIII Ltd.
2022-53A B, 6.37% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35◊,2		1,750,000		1,755,405
Parliament CLO II Ltd.
2021-2A A, 6.13% (3 Month Term SOFR + 1.61%, Rate Floor: 1.35%) due 08/20/32◊,2		1,422,372		1,423,902
CIFC Funding Ltd.
2018-3A AR, 5.75% (3 Month Term SOFR + 1.13%, Rate Floor: 0.00%) due 04/19/29◊,2		1,398,613		1,399,994
BCC Middle Market CLO LLC
2021-1A A1R, 6.42% (3 Month Term SOFR + 1.76%, Rate Floor: 1.50%) due 10/15/33◊,2		1,250,000		1,253,420
LCM XXIV Ltd.
2021-24A AR, 5.86% (3 Month Term SOFR + 1.24%, Rate Floor: 0.98%) due 03/20/30◊,2		1,094,672		1,095,388
Greystone Commercial Real Estate Notes
2021-FL3 B, 6.16% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 07/15/39◊,2		1,000,000		992,154
STWD Ltd.
2021-FL2 B, 6.29% (1 Month Term SOFR + 1.91%, Rate Floor: 1.80%) due 04/18/38◊,2		1,000,000		967,123
ACRE Commercial Mortgage Ltd.
2021-FL4 AS, 5.59% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 12/18/37◊,2		231,951		230,920
Golub Capital Partners CLO 17 Ltd.
2017-17A A1R, 6.54% (3 Month Term SOFR + 1.91%, Rate Floor: 0.00%) due 10/25/30◊,2		79,104		79,150
Total Collateralized Loan Obligations				83,625,628
Whole Business - 2.2%
Domino’s Pizza Master Issuer LLC
2018-1A, 4.33% due 07/25/482		4,254,275		4,157,548
Taco Bell Funding LLC
2021-1A, 1.95% due 08/25/512		3,193,125		2,981,955

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
ASSET-BACKED SECURITIES†† - 25.7% (continued)
Whole Business - 2.2% (continued)
Wingstop Funding LLC
2020-1A, 2.84% due 12/05/502	$	1,329,750	$	1,243,228
SERVPRO Master Issuer LLC
2019-1A, 3.88% due 10/25/492		950,000		923,093
Total Whole Business				9,305,824
Net Lease - 1.8%
Oak Street Investment Grade Net Lease Fund Series
2020-1A, 1.85% due 11/20/502		6,200,404		5,982,330
CF Hippolyta Issuer LLC
2021-1A, 1.98% due 03/15/612		2,120,507		1,976,835
Total Net Lease				7,959,165
Transport-Container - 1.8%
Triton Container Finance VIII LLC
2021-1A, 1.86% due 03/20/462		4,939,063		4,394,807
Textainer Marine Containers VII Ltd.
2021-1A, 1.68% due 02/20/462		1,456,000		1,316,592
2020-1A, 2.73% due 08/21/452		471,783		449,010
CLI Funding VIII LLC
2021-1A, 1.64% due 02/18/462		1,923,149		1,737,256
Total Transport-Container				7,897,665
Financial - 0.6%
Station Place Securitization Trust
2024-SP1, 5.85% (1 Month Term SOFR + 1.40%, Rate Floor: 1.40%) due 08/12/25◊,†††,2		900,000		900,000
2024-SP2, 6.15% (1 Month Term SOFR + 1.70%, Rate Floor: 1.70%) due 07/12/26◊,†††,2		900,000		900,000
2024-SP4, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,2		675,000		675,000
2024-SP3, 5.70% (1 Month Term SOFR + 1.30%, Rate Floor: 1.30%) due 11/17/25◊,†††,2		325,000		325,000
Total Financial				2,800,000
Total Asset-Backed Securities
(Cost $113,775,386)				111,588,282
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 19.8%
Residential Mortgage-Backed Securities - 14.3%
CSMC Trust
2021-RPL1, 4.08% (WAC) due 09/27/60◊,2		4,285,130		4,274,792
2021-RPL7, 4.19% (WAC) due 07/27/61◊,2		1,866,401		1,860,975
2021-NQM8, 2.41% (WAC) due 10/25/66◊,2		1,397,558		1,208,110
2021-RPL4, 4.80% (WAC) due 12/27/60◊,2		1,115,649		1,112,110
2020-NQM1, 2.21% due 05/25/652		824,988		765,902
PRPM LLC
2022-1, 3.72% due 02/25/272,4		2,749,257		2,741,371
2021-5, 4.79% due 06/25/262,4		2,738,327		2,726,142
2021-RPL2, 2.24% (WAC) due 10/25/51◊,2		2,000,000		1,696,818
2021-8, 4.74% (WAC) due 09/25/26◊,2		1,330,259		1,323,756
NYMT Loan Trust
2021-SP1, 4.67% due 08/25/612,4		6,409,416		6,363,838
2022-SP1, 5.25% due 07/25/622,4		1,612,367		1,599,571
Legacy Mortgage Asset Trust
2021-GS4, 4.65% due 11/25/604		2,684,863		2,684,895
2021-GS3, 4.75% due 07/25/612,4		2,676,490		2,673,107
2021-GS2, 4.75% due 04/25/612,4		1,220,846		1,220,443
2021-GS5, 5.25% due 07/25/672,4		809,683		807,589
OSAT Trust
2021-RPL1, 5.12% due 05/25/652,4		5,688,580		5,670,653
Verus Securitization Trust
2021-5, 1.37% (WAC) due 09/25/66◊,2		1,765,465		1,494,408
2021-6, 1.89% (WAC) due 10/25/66◊,2		1,570,466		1,326,277
2020-5, 2.22% due 05/25/652		1,085,774		1,050,094
2021-4, 1.35% (WAC) due 07/25/66◊,2		836,719		695,826
2021-3, 1.44% (WAC) due 06/25/66◊,2		511,164		432,005
2020-1, 3.42% due 01/25/602		193,979		190,076
BRAVO Residential Funding Trust
2022-R1, 3.13% due 01/29/702,4		2,783,074		2,762,702

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 19.8% (continued)
Residential Mortgage-Backed Securities - 14.3% (continued)
2021-HE1, 5.42% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 01/25/70◊,2	$	411,167	$	409,975
2021-HE2, 5.42% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 11/25/69◊,2		199,284		198,710
Imperial Fund Mortgage Trust
2022-NQM2, 4.02% (WAC) due 03/25/67◊,2		3,717,835		3,369,218
CFMT LLC
2022-HB9, 3.25% (WAC) due 09/25/37◊,2		1,702,946		1,667,345
Structured Asset Securities Corporation Mortgage Loan Trust
2008-BC4, 3.41% (1 Month Term SOFR + 0.74%, Rate Floor: 0.63%) due 11/25/37◊		1,412,150		1,357,532
New Residential Mortgage Loan Trust
2019-1A, 3.50% (WAC) due 10/25/59◊,2		878,337		818,578
2018-2A, 3.50% (WAC) due 02/25/58◊,2		492,955		460,475
Angel Oak Mortgage Trust
2022-1, 3.29% (WAC) due 12/25/66◊,2		1,275,084		1,114,009
HOMES Trust
2024-AFC2, 5.58% (WAC) due 10/25/59◊,2		973,743		970,358
FIGRE Trust
2024-HE5, 5.44% (WAC) due 10/25/54◊,2		957,881		951,375
Soundview Home Loan Trust
2006-OPT5, 4.73% (1 Month Term SOFR + 0.39%, Rate Floor: 0.28%) due 07/25/36◊		841,480		807,992
Credit Suisse Mortgage Capital Certificates
2021-RPL9, 3.66% (WAC) due 02/25/61◊,2		718,516		716,253
Towd Point Mortgage Trust
2018-2, 3.25% (WAC) due 03/25/58◊,2		225,468		221,522
2017-6, 2.75% (WAC) due 10/25/57◊,2		221,952		216,728
2017-5, 5.05% (1 Month Term SOFR + 0.71%, Rate Floor: 0.00%) due 02/25/57◊,2		34,188		35,613
Ellington Financial Mortgage Trust
2020-2, 1.49% (WAC) due 10/25/65◊,2		274,023		253,265
2020-2, 1.64% (WAC) due 10/25/65◊,2		157,847		145,073
SG Residential Mortgage Trust
2022-1, 3.68% (WAC) due 03/27/62◊,2		409,471		365,345
Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series
2005-W2, 5.19% (1 Month Term SOFR + 0.85%, Rate Floor: 0.74%) due 10/25/35◊		272,898		268,176
Mill City Securities Ltd.
2024-RS2, 3.00% due 08/01/692,4		250,000		231,024
GS Mortgage-Backed Securities Trust
2020-NQM1, 1.38% (WAC) due 09/27/60◊,2		241,293		225,535
Banc of America Funding Trust
2015-R2, 4.71% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 04/29/37◊,2		183,605		182,401
Morgan Stanley ABS Capital I Incorporated Trust
2006-NC1, 5.02% (1 Month Term SOFR + 0.68%, Rate Floor: 0.57%) due 12/25/35◊		170,937		169,351
Residential Mortgage Loan Trust
2020-1, 2.38% (WAC) due 01/26/60◊,2		150,760		147,871
Starwood Mortgage Residential Trust
2020-1, 2.28% (WAC) due 02/25/50◊,2		42,679		40,229
Total Residential Mortgage-Backed Securities				62,025,413
Commercial Mortgage-Backed Securities - 5.5%
BX Commercial Mortgage Trust
2021-VOLT, 6.16% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 09/15/36◊,2		10,250,000		10,224,545
2022-LP2, 5.96% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 02/15/39◊,2		1,855,000		1,848,044

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

	Face Amount		Value
COLLATERALIZED MORTGAGE OBLIGATIONS†† - 19.8% (continued)
Commercial Mortgage-Backed Securities - 5.5% (continued)
JP Morgan Chase Commercial Mortgage Securities Trust
2021-NYAH, 6.30% (1 Month Term SOFR + 1.90%, Rate Floor: 1.54%) due 06/15/38◊,2	$	2,700,000	$	2,519,997
WMRK Commercial Mortgage Trust
2022-WMRK, 7.83% (1 Month Term SOFR + 3.44%, Rate Floor: 3.44%) due 11/15/27◊,2		2,100,000		2,111,813
Life Mortgage Trust
2021-BMR, 5.61% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 03/15/38◊,2		1,943,179		1,915,246
BXHPP Trust
2021-FILM, 5.61% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36◊,2		1,500,000		1,407,157
MHP
2022-MHIL, 5.66% (1 Month Term SOFR + 1.26%, Rate Floor: 1.26%) due 01/15/27◊,2		1,367,421		1,359,729
Morgan Stanley Capital I Trust
2018-H3, 0.80% (WAC) due 07/15/51◊,5		38,168,865		815,069
Citigroup Commercial Mortgage Trust
2019-GC41, 1.03% (WAC) due 08/10/56◊,5		22,903,996		791,008
BENCHMARK Mortgage Trust
2019-B14, 0.75% (WAC) due 12/15/62◊,5		31,755,791		733,625
JPMDB Commercial Mortgage Securities Trust
2018-C8, 0.60% (WAC) due 06/15/51◊,5		20,678,018		330,147
Total Commercial Mortgage-Backed Securities				24,056,380
Total Collateralized Mortgage Obligations
(Cost $89,151,255)				86,081,793
SENIOR FLOATING RATE INTERESTS††,◊ - 0.2%
Financial - 0.2%
Jane Street Group, LLC
6.40% (3 Month Term SOFR + 2.25%, Rate Floor: 2.25%) due 01/26/28		1,047,273		1,045,838
Total Senior Floating Rate Interests
(Cost $1,044,657)				1,045,838
REPURCHASE AGREEMENTS††,6 - 11.9%
BNP Paribas
issued 12/31/24 at 4.45%    due 01/02/25		19,127,423		19,127,423
BofA Securities, Inc.
issued 12/31/24 at 4.43%    due 01/02/25		15,301,939		15,301,939
J.P. Morgan Securities LLC
issued 12/31/24 at 4.45%    due 01/02/25		9,563,712		9,563,712
Bank of Montreal
issued 12/31/24 at 4.41%    due 01/02/25		7,650,969		7,650,969
Total Repurchase Agreements
(Cost $51,644,043)				51,644,043
Total Investments - 87.5%
(Cost $386,563,798)			$	380,407,348
Other Assets & Liabilities, net - 12.5%				54,274,131
Total Net Assets - 100.0%			$	434,681,479

Centrally Cleared Interest Rate Swap Agreements^††

Counterparty	Exchange	Floating Rate Type	Floating Rate Index	Fixed Rate			Payment Frequency	Maturity Date	Notional Amount		Value		Upfront Premiums Paid		Unrealized Appreciation**
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.83	%	Annually	11/27/31	$	8,200,000	$	109,847	$	344	$	109,503
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.87	%	Annually	11/27/29		9,000,000		70,090		334		69,756
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		1.10	%	Annually	01/10/25		61,000,000		54,355		2		54,353
BofA Securities, Inc.	CME	Receive	U.S. Secured Overnight Financing Rate		3.85	%	Annually	11/27/39		1,000,000		29,421		308		29,113
											$	263,713	$	988	$	262,725

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Total Return Swap Agreements

Counterparty	Index	Type	Financing Rate	Payment Frequency	Maturity Date	Units		Notional Amount		Value and Unrealized Appreciation
OTC Equity Index Swap Agreements Sold Short††
Citibank, N.A.	iShares Core S&P 500 ETF	Receive	5.93% (Federal Funds Rate + 1.60%)	At Maturity	01/02/25		3,680	$	2,166,342	$	27,784

**	Includes cumulative appreciation (depreciation).
***	A copy of each underlying unaffiliated fund’s financial statements is available at the SEC’s website at www.sec.gov.
†	Value determined based on Level 1 inputs — See Note 3.
††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
†††	Value determined based on Level 3 inputs — See Note 3.
◊	Variable rate security. Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
1	Rate indicated is the 7-day yield as of December 31, 2024.
2	Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $222,384,704 (cost $227,256,978), or 51.2% of total net assets.
3	Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.
4	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
5	Security is an interest-only strip.
6	Repurchase Agreements - The interest rate on repurchase agreements is market driven and based on the underlying collateral obtained. See additional disclosure in the repurchase agreements table below for more information on repurchase agreements.

BofA — Bank of America

CME — Chicago Mercantile Exchange

plc — Public Limited Company

SOFR — Secured Overnight Financing Rate

WAC — Weighted Average Coupon

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at December 31, 2024 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Exchange-Traded Fund	$	2,166,342	$	—	$	—	$	2,166,342
Money Market Fund		10,464,816		—		—		10,464,816
Corporate Bonds		—		117,416,234		—		117,416,234
Asset-Backed Securities		—		108,788,282		2,800,000		111,588,282
Collateralized Mortgage Obligations		—		86,081,793		—		86,081,793
Senior Floating Rate Interests		—		1,045,838		—		1,045,838
Repurchase Agreements		—		51,644,043		—		51,644,043
Interest Rate Swap Agreements**		—		262,725		—		262,725
Equity Index Swap Agreements**		—		27,784		—		27,784
Total Assets	$	12,631,158	$	365,266,699	$	2,800,000	$	380,697,857

^** This derivative is reported as unrealized appreciation/depreciation at period end.

Ultra Short Duration Fund
SCHEDULE OF INVESTMENTS (Unaudited)	December 31, 2024

Step Coupon Bonds

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

Name	Coupon Rate at Next Reset Date			Next Rate Reset Date	Future Reset Rate			Future Reset Date
BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70		6.13	%	01/30/25		—			—
Legacy Mortgage Asset Trust 2021-GS4, 4.65% due 11/25/60		5.65	%	08/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS3, 4.75% due 07/25/61		5.75	%	05/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS5, 5.25% due 07/25/67		6.25	%	11/25/25		—			—
Legacy Mortgage Asset Trust 2021-GS2, 4.75% due 04/25/61		5.75	%	04/25/25		—			—
Mill City Securities Ltd. 2024-RS2, 3.00% due 08/01/69		6.00	%	12/01/27		—			—
NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62		8.25	%	07/01/25		9.25	%		07/01/26
NYMT Loan Trust 2021-SP1, 4.67% due 08/25/61		5.67	%	08/01/25		—			—
OSAT Trust 2021-RPL1, 5.12% due 05/25/65		6.12	%	06/25/25		—			—
PRPM LLC 2022-1, 3.72% due 02/25/27		6.72	%	02/25/25		7.72	%		02/25/26
PRPM LLC 2021-5, 4.79% due 06/25/26		5.79	%	06/25/25		—			—

Repurchase Agreements

The Fund may engage in repurchase agreements. Repurchase agreements are fixed income securities in the form of agreements backed by collateral. These agreements typically involve the acquisition by the Fund of securities from the selling institution coupled with the agreement that the selling institution will repurchase the underlying securities at a specified price and at a fixed time in the future. The Fund may accept a wide variety of underlying securities as collateral for the repurchase agreements entered into by the Fund. Any such securities serving as collateral are marked-to-market daily in order to maintain full collateralization.

In connection with transactions in repurchase agreements, it is the Fund’s policy that its custodian take possession of the underlying collateral. The collateral is in the possession of the Fund’s custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements. 

The use of repurchase agreements involves certain risks. For example, if the selling institution defaults on its obligation to repurchase the underlying securities at a time when the value of securities has declined, the Fund may incur a loss upon disposition of them. In the event of an insolvency or bankruptcy by the selling institution, the Fund’s right to control the collateral could be affected and result in certain costs and delays. In addition, the Fund could incur a loss if the value of the underlying collateral falls below the agreed upon repurchase price.

At December 31, 2024, the repurchase agreements in the account were as follows:

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
BNP Paribas					U.S. Treasury Notes
4.45%					1.50% - 4.38%
Due 01/02/25	$	19,127,423	$	19,134,516	Due 07/31/26 -02/15/30	$	13,171,000	$	13,436,230
					U.S. Treasury Inflation Indexed Bonds
					0.13% - 1.63%
					Due 10/15/29 - 07/15/30		6,740,344		6,078,335
					U.S. Treasury Bond
					3.88%
					Due 02/15/43		300		269
							19,911,644		19,514,834
BofA Securities, Inc.					U.S. Treasury Notes
4.43%					0.25% - 2.00%
Due 01/02/25		15,301,939		15,307,588	Due 09/30/25 - 11/15/26		16,071,500		15,607,979
J.P. Morgan Securities LLC					U.S. Treasury Inflation Indexed Bond
4.45%					0.50%
Due 01/02/25		9,563,712		9,567,259	Due 01/15/28		7,955,200		9,754,610
Bank of Montreal					U.S. Treasury Bond
4.41%					2.25%
Due 01/02/25		7,650,969		7,653,781	Due 08/15/46		11,950,700		7,805,964

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 1 – Organization, Consolidation of Subsidiary and Significant Accounting Policies

Organization

Guggenheim Funds Trust (the “Trust”), a Delaware statutory trust, is registered with the U.S. Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940 (the “1940 Act”), as an open-ended investment company. The Trust consists of multiple series. Each series represents a separate fund (each, a "Fund" and collectively, the "Funds). The Trust may issue an unlimited number of authorized shares. The Trust accounts for the assets of each Fund separately.

This report covers the following Funds:

Fund Name	Investment Company Type
Active INvestment Series (GAINS) - Core Plus Fund	Diversified
Active INvestment Series (GAINS) - Limited Duration Fund	Diversified
Core Bond Fund	Diversified
Floating Rate Strategies Fund	Diversified
High Yield Fund	Diversified
Limited Duration Fund	Diversified
Macro Opportunities Fund	Diversified
Municipal Income Fund	Diversified
Total Return Bond Fund	Diversified
Ultra Short Duration Fund	Diversified

For information on the Funds’ policy regarding valuation of investments and other significant accounting policies, please refer to the Funds’ most recent semi-annual or annual shareholder report.

Consolidation of Subsidiary

The Consolidated Schedule of Investments of the Macro Opportunities Fund includes the accounts of a wholly-owned and controlled Cayman Islands subsidiary (the “Subsidiary”). Significant inter-company accounts and transactions have been eliminated in consolidation for the Macro Opportunities Fund. The Notes to Schedule of Statements presented herein are consolidated with respect to Macro Opportunities Fund and include the accounts of the Subsidiary.

The Macro Opportunities Fund may invest up to 25% of its total assets in its Subsidiary, which is intended to provide the Fund with exposure to certain investments consistent with the Fund's investment objective and policies while enabling the Fund to satisfy source-of-income requirements that apply to regulated investment companies (“RICs”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”).

Significant Accounting Policies

The Funds operate as investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services – Investment Companies. 

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistently followed by the Trust. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

(a) Valuation of Investments 

The Board of Trustees of the Trust (the “Board”) has adopted policies and procedures for the valuation of the Funds’ investments (the “Fund Valuation Procedures”).

Pursuant to Rule 2a-5 under the 1940 Act, the Board designated Security Investors, LLC and Guggenheim Partners Investment Management, LLC (the “Adviser”) as the valuation designee to perform fair valuation determinations for the Funds with respect to all Fund investments and/or other assets. As the Funds’ valuation designee pursuant to Rule 2a-5, the Adviser has adopted separate procedures (the “Valuation Designee Procedures” and collectively with the Fund Valuation Procedures, the “Valuation Procedures”) reasonably designed to prevent violations of the requirements of Rule 2a-5 and Rule 31a-4 under the 1940 Act. The Adviser, in its role as valuation designee, utilizes the assistance of a valuation committee, consisting of representatives from Guggenheim’s investment management, fund administration, legal and compliance departments (the “Valuation Committee”), in determining the fair value of the Funds’ securities and/or other assets.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Valuations of the Funds’ securities and other assets are supplied primarily by independent third-party pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Adviser, with the assistance of the Valuation Committee, convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued. The Adviser, consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly reviews the appropriateness of the inputs, methods, models and assumptions employed by the independent third-party pricing services.

If the independent third-party pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Adviser.

Equity securities listed or traded on a recognized U.S. securities exchange or the Nasdaq Stock Market (“NASDAQ”) will generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ official closing price, which may not necessarily represent the last sale price.

Generally, trading in foreign securities markets is substantially completed each day at various times prior to the close of the New York Stock Exchange (“NYSE”). The values of foreign securities are determined as of the close of such foreign markets or the close of the NYSE, if earlier. All investments quoted in foreign currencies are valued in U.S. dollars on the basis of the foreign currency exchange rates prevailing at the close of U.S. business at 4:00 p.m. Investments in foreign securities may involve risks not present in domestic investments. The Adviser will determine the current value of such foreign securities by taking into consideration certain factors which may include the following factors, among others: the value of the securities traded on other foreign markets, American Depositary Receipts (“ADR”) trading, closed-end fund trading, foreign currency exchange activity, and the trading prices of financial products that are tied to foreign securities. In addition, under the Valuation Procedures, the Adviser is authorized to use prices and other information supplied by an independent third-party pricing service in valuing foreign securities.

Open-end investment companies are valued at their net asset value as of the close of business, on the valuation date. Exchange-traded funds and closed-end investment companies are generally valued at the last quoted sale price.

U.S. government securities are valued by independent third-party pricing services, using the last traded fill price, or at the reported bid price at the close of business on the valuation date.

CLOs, CDOs, MBS, ABS, and other structured finance securities are generally valued using an independent third party pricing service.

Repurchase agreements are generally valued at amortized cost, provided such amounts approximate market value.

Commercial paper and discount notes with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent third-party pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Commercial paper and discount notes with a maturity of 60 days or less at acquisition are valued at amortized cost, unless the Adviser concludes that amortized cost does not represent the fair value of the applicable asset in which case it will be valued using an independent third-party pricing service.

Typically, loans are valued using information provided by independent third-party pricing services which uses broker quotes, among other inputs. If the pricing service cannot or does not provide a valuation for a particular loan, or such valuation is deemed unreliable, such investment is valued based on a quote from a broker-dealer or is fair valued by the Adviser.

Exchange-traded options are valued at the mean of the bid and ask prices on the principal exchange on which they are traded. Over-the-counter (“OTC”) options and options on swaps (“swaptions”) are valued using a price provided by a pricing service. 

Futures contracts are valued on the basis of the last sale price as of 4:00 p.m. on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the official settlement price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation of the underlying securities would provide a more accurate valuation of the futures contract.

Interest rate swap agreements entered into by a Fund are valued on the basis of the last sale price on the primary exchange on which the swap is traded.

Other swap agreements entered into by a Fund are generally valued using an evaluated price provided by an independent third-party pricing service.

Forward foreign currency exchange contracts are valued daily based on the applicable exchange rate of the underlying currency.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Investments for which market quotations are not readily available are fair valued as determined in good faith by the Adviser. Valuations in accordance with these methods are intended to reflect each security’s (or asset’s or liability’s) “fair value”. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis. In connection with futures contracts and other derivative investments, such factors may include obtaining information as to how (a) these contracts and other derivative investments trade in the futures or other derivative markets, respectively, and (b) the securities underlying these contracts and other derivative investments trade in the cash market.

The Funds may acquire an interest in a special purpose acquisition company (“SPAC”) in an initial public offering or a secondary market transaction. SPAC investments carry many of the same risks as investments in initial public offering securities, such as erratic price movements, greater risk of loss, lack of information about the issuer, limited operating and little public or no trading history, and higher transaction costs. An investment in a SPAC is typically subject to a higher risk of dilution by additional later offerings of interests in the SPAC or by other investors exercising existing rights to purchase shares of the SPAC and interests in SPACs may be illiquid and/or be subject to restrictions on resale. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring the equity securities of one or more existing companies (or interests therein) via merger, combination, acquisition or other similar transactions. Unless and until an acquisition is completed, a SPAC generally invests its assets (less a portion retained to cover expenses) in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. SPAC investments are also subject to the risk that a significant portion of the funds raised by the SPAC may be expended during the search for a target acquisition or merger and that the SPAC may have limited time in which to conduct due diligence on potential business combination targets. Because SPACs are in essence blank check companies without operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. Among other conflicts of interest, the economic interests of the management, directors, officers and related parties of a SPAC can differ from the economic interests of public shareholders, which may lead to conflicts as they evaluate, negotiate and recommend business combination transactions to shareholders. This risk may become more acute as the deadline for the completion of a business combination nears. There is no guarantee that the SPACs in which the Funds invest will complete an acquisition or that any acquisitions that are completed will be profitable.

Note 2 – Financial Instruments and Derivatives

As part of their investment strategies, the Funds may utilize short sales and a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Short Sales

A short sale is a transaction in which a Fund sells a security it does not own. If the security sold short decreases in price between the time the Fund sells the security and closes its short position, the Fund will realize a gain on the transaction. Conversely, if the security increases in price during the period, the Fund will realize a loss on the transaction. The risk of such price increases is the principal risk of engaging in short sales.

Derivatives

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used for investment purposes (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to seek to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund’s financial position and results of operations.

The Funds may utilize derivatives for the following purposes:

Duration: the use of an instrument to manage the interest rate risk of a portfolio.

Hedge: an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.

Income: the use of any instrument that distributes cash flows typically based upon some rate of interest.

Index Exposure: the use of an instrument to obtain exposure to a listed or other type of index.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Options Purchased and Written 

A call option on a security gives the purchaser of the option the right to buy, and the writer of a call option the obligation to sell, the underlying security. The purchaser of a put option has the right to sell, and the writer of the put option the obligation to buy, the underlying security at any time during the option period. The risk associated with purchasing options is limited to the premium originally paid.

The risk in writing a call option is that a Fund may incur a loss if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that a Fund may incur a loss if the market price of the underlying security decreases and the option is exercised. In addition, there may be an imperfect correlation between the movement in prices of options and the underlying securities where a Fund may not be able to enter into a closing transaction because of an illiquid secondary market; or, for OTC options, a Fund may be at risk because of the counterparty’s inability to perform.

Futures Contracts

A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with a Fund’s use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to a Fund because futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Securities held as collateral are noted on the Funds’ Schedules of Investments.

Swap Agreements

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing OTC swaps, a Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. For a Fund utilizing centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that a Fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Total return swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as an index) or a fixed or variable interest rate. Index swaps will usually be computed based on the current index value as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. When utilizing a total return index swap the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying index declines in value.

Interest rate swaps involve the exchange by the Funds with another party for their respective commitment to pay or receive a fixed or variable interest rate on a notional amount of principal. Interest rate swaps are generally centrally-cleared, but central clearing does not make interest rate swap transactions risk free.

Credit default swaps are instruments which allow for the full or partial transfer of third party credit risk, with respect to a particular entity or entities, from one counterparty to the other. A fund enters into credit default swaps as a “seller” or “buyer” of protection primarily to gain or reduce exposure to the investment grade and/or high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. The buyer in a credit default swap is obligated to pay the seller a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation has occurred. If a credit event occurs, as defined under the terms of the swap agreement, the seller will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The notional amount reflects the maximum potential amount the seller of credit protection could be required to pay to the buyer if a credit event occurs. The seller of protection receives periodic premium payments from the buyer and may also receive or pay an upfront premium adjustment to the stated periodic payments. In the event a credit event occurs on a credit default swap referencing an index, a factor adjustment will take place and the buyer of protection will receive a payment reflecting the par less the default recovery rate of the defaulted index component based on its weighting in the index. If no default occurs, the counterparty will pay the stream of payments and have no further obligations to the fund selling the credit protection. For a fund utilizing centrally cleared credit default swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. For OTC credit default swaps, a fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty, or in the case of a credit default swap in which a fund is selling credit protection, the default of a third party issuer.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

Forward Foreign Currency Exchange Contracts

A forward foreign currency exchange contract is an agreement between two parties to exchange two designated currencies at a specific time in the future. Certain types of contracts may be cash settled, in an amount equal to the change in exchange rates during the term of the contract. The contracts can be used to hedge or manage exposure to foreign currency risks with portfolio investments or to gain exposure to foreign currencies.

The market value of a forward foreign currency exchange contract changes with fluctuations in foreign currency exchange rates. Furthermore, the Funds may be exposed to risk if the counterparties cannot meet the contract terms or if the currency value changes unfavorably as compared to the U.S. dollar.

In conjunction with short sales and the use of derivative instruments, the Funds are required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Funds use margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Funds as collateral.

The Trust has established counterparty credit guidelines and enters into transactions only with financial institutions rated/identified as investment grade or better. The Trust monitors the counterparty credit risk associated with each such financial institution.

Foreign Investments 

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets. A Fund’s indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar, or in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Funds may incur transaction costs in connection with conversions between various currencies. The Funds may, but are not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

The Funds may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer’s financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Funds.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Reverse Repurchase Agreements

Each of the Funds may enter into reverse repurchase agreements. Under a reverse repurchase agreement, a Fund sells securities and agrees to repurchase them at a particular price at a future date. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, such buyer or its trustee or receiver may receive an extension of time to determine whether to enforce the Fund’s obligation to repurchase the securities, and the Fund’s use of the proceeds of the reverse repurchase agreement may effectively be restricted pending such decision.

Note 3 – Fair Value Measurement  

In accordance with U.S. GAAP, fair value is defined as the price that the Funds would receive to sell an investment or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

Rule 2a-5 sets forth a definition of “readily available market quotations,” which is consistent with the definition of a Level 1 input under U.S. GAAP. Rule 2a-5 provides that “a market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.”

Securities for which market quotations are not readily available must be valued at fair value as determined in good faith. Accordingly, any security priced using inputs other than Level 1 inputs will be subject to fair value requirements. The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

Independent third-party pricing services are used to value a majority of the Funds’ investments. When values are not available from an independent third-party pricing service, they will be determined using a variety of sources and techniques, including: market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information and analysis. A significant portion of the Funds’ assets and liabilities are categorized as Level 2, as indicated in this report.

Quotes from broker-dealers, adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Funds’ assets and liabilities, i.e. prices provided by a broker-dealer or other market participant who has not committed to trade at that price. Although quotes are typically received from established market participants, the Funds may not have the transparency to view the underlying inputs which support the market quotations. Significant changes in a quote would generally result in significant changes in the fair value of the security.

Certain fixed income securities are valued by obtaining a monthly quote from a broker-dealer, adjusted for fluctuations in criteria such as credit spreads and interest rates.

Certain loans and other securities are valued using a single daily broker quote or a price from an independent third-party pricing service based on a single daily or monthly broker quote.

The inputs or methodologies selected and applied for valuing securities or other assets are not necessarily an indication of the risk associated with investing in those securities. The suitability, appropriateness and accuracy of the techniques, methodologies and sources employed to determine fair valuation are periodically reviewed and subject to change.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Note 4 – Federal Income Tax Information

The Funds intend to comply with the provisions of Subchapter M of the Internal Revenue Code, applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Funds from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns are evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not" threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Funds’ tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Funds’ financial statements. The Funds’ U.S. federal income tax returns are subject to examination by the Internal Revenue Service (“IRS”) for a period of three years after they are filed.

If a Fund makes a distribution to its shareholders in excess of its current and accumulated “earnings and profits” in any taxable year, the excess distribution will be treated as a return of capital to the extent of each shareholder’s basis (for tax purposes) in its shares, and any distribution in excess of basis will be treated as capital gain. A return of capital is not taxable, but it reduces the shareholder’s basis in its shares, which reduces the loss (or increases the gain) on a subsequent taxable disposition by such shareholder of the shares.

The Macro Opportunities Fund intends to invest up to 25% of its assets in its Subsidiary which is expected to provide the Fund with exposure to the commodities markets within the limitations of the U.S. federal income tax requirements under Subchapter M of the Internal Revenue Code. The Fund has received a private letter ruling from the IRS that concludes that the income the Fund receives from the Subsidiary will constitute qualifying income for purposes of Subchapter M of the Internal Revenue Code. The Subsidiary is classified as a corporation for U.S. federal income tax purposes. A foreign corporation, such as the Subsidiary, will generally not be subject to U.S. federal income taxation unless it is deemed to be engaged in a U.S. trade or business. If, during a taxable year, the Subsidiary’s taxable losses (and other deductible items) exceed its income and gains, the net loss will not pass through to the Fund as a deductible amount for U.S. federal income tax purposes and cannot be carried forward to reduce future income from the Subsidiary in subsequent years.

At December 31, 2024, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

Fund	Tax Cost		Tax Unrealized Appreciation		Tax Unrealized Depreciation			Net Tax Unrealized Appreciation (Depreciation)
Active INvestment Series (GAINS) - Core Plus Fund	$	12,928,197	$	45,400	$	(65,692	)	$	(20,292	)
Active INvestment Series (GAINS) - Limited Duration Fund		10,368,450		6,054		(35,111	)		(29,057	)
Core Bond Fund		2,459,578,216		11,490,037		(111,456,582	)		(99,966,545	)
Floating Rate Strategies Fund		944,535,592		6,135,233		(37,824,191	)		(31,688,958	)
High Yield Fund		201,935,421		2,625,456		(11,554,971	)		(8,929,515	)
Limited Duration Fund		5,407,962,394		18,695,210		(112,595,385	)		(93,900,175	)
Macro Opportunities Fund		8,320,360,962		63,758,316		(427,053,098	)		(363,294,782	)
Municipal Income Fund		22,169,329		1,689,846		(2,450,021	)		(760,175	)
Total Return Bond Fund		31,726,688,878		156,131,951		(1,789,678,040	)		(1,633,546,089	)
Ultra Short Duration Fund		386,563,798		834,620		(6,700,561	)		(5,865,941	)

Note 5 – Unfunded Loan Commitments

Pursuant to the terms of certain loan agreements, certain Funds held unfunded loan commitments as of December 31, 2024. The Funds are obligated to fund these loan commitments at the borrower’s discretion.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

The unfunded loan commitments as of December 31, 2024, were as follows: 

Fund	Borrower	Maturity Date	Face Amount*		Value
Active INvestment Series (GAINS) - Core Plus Fund
	Capstone Acquisition Holdings, Inc.	11/12/29		805	$	4
Active INvestment Series (GAINS) - Limited Duration Fund
	Capstone Acquisition Holdings, Inc.	11/12/29		805	$	4
Core Bond Fund
	AHG Funding	07/20/26		1,000,000	$	–
	Lightning A	03/01/37		468,222		–
	Thunderbird A	03/01/37		459,333		–
					$	–
Floating Rate Strategies Fund
	Alter Domus	05/14/31		130,081	$	–
	AmSpec Parent LLC	12/11/31		452,021		–
	Convergint	03/31/28		55,293		–
	Focus Financial Partners LLC	09/10/31		345,229		–
	Franchise Group, Inc.	04/30/25		364,119		–
	GrafTech Finance, Inc.	11/04/29		382,877		18,195
	Hanger, Inc.	10/23/31		232,700		–
					$	18,195
High Yield Fund
	Accuride Corp.	01/23/25		62,009	$	4,745
	AmSpec Parent LLC	12/11/31		94,903		–
	Franchise Group, Inc.	04/30/25		86,432		–
	GrafTech Finance, Inc.	11/04/29		451,506		21,457
					$	26,202
Limited Duration Fund
	Datix Bidco Ltd.	04/25/31		511,855	$	27,693
	Lightning A	03/01/37		881,359		–
	QTS Good News Facility	10/09/28		6,978,546		–
	Thunderbird A	03/01/37		864,627		–
					$	27,693
Macro Opportunities Fund
	Accuride Corp.	01/23/25		744,912	$	56,904
	AHG Funding	07/20/26		1,000,000		–
	Alter Domus	05/14/31		232,066		–
	AmSpec Parent LLC	12/11/31		340,000		–
	Avalara, Inc.	10/19/28		1,600,000		14,453
	Capstone Acquisition Holdings, Inc.	11/12/29		483,022		2,603
	Care BidCo	05/04/28	EUR	9,200,000		423,735
	Checkers Holdings, Inc.	06/16/27		262,053		–
	Convergint	03/31/28		569,196		–
	Datix Bidco Ltd.	10/25/30		6,377,800		346,246
	Finastra USA, Inc.	09/13/29		301,238		29,136
	GrafTech Finance, Inc.	11/04/29		2,983,552		141,788
	Grant Thornton Advisors LLC	05/30/31		195,652		160
	Hanger, Inc.	10/23/31		650,190		–
	Integrated Power Services Holdings, Inc.	11/22/28		2,445,108		–
	Lightning A	03/01/37		4,792,392		–
	Lightning B	03/01/37		963,987		–
	MB2 Dental Solutions LLC	02/13/31		4,814,604		95,411
	Oil Changer Holding Corp.	02/08/27		3,878,390		31,923
	Orion Group	03/19/27		2,186,606		–
	Polaris Newco LLC	06/04/26		13,227,707		470,866
	QTS Good News Facility	10/09/28		11,671,543		–
	Shaw Development LLC	10/30/29		734,043		11,814
	Thunderbird A	03/01/37		4,701,412		–
	Thunderbird B	03/01/37		945,686		–
	TK Elevator Midco GmbH	01/29/27	EUR	10,322,957		379,013
					$	2,004,052
Total Return Bond Fund
	AHG Funding	07/20/26		3,775,000	$	–
	Capstone Acquisition Holdings, Inc.	11/12/29		1,098,875		5,923
	Datix Bidco Ltd.	04/25/31		5,580,530		301,517
	GrafTech Finance, Inc.	11/04/29		559,867		26,606
	Hanger, Inc.	10/23/31		1,149,240		–
	Higginbotham Insurance Agency, Inc.	11/24/28		5,675,789		41,994
	Lightning A	03/01/37		7,946,007		–
	MB2 Dental Solutions LLC	02/13/31		6,586,910		129,490
	QTS Good News Facility	10/09/28		30,428,291		–
	Thunderbird A	03/01/37		7,795,157		–
					$	505,530

^* The face amount is denominated in U.S. dollars unless otherwise indicated.

EUR – Euro

Note 6 – Restricted Securities

The securities below are considered illiquid and restricted under guidelines established by the Board:

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Fund	Restricted Securities	Acquisition Date	Cost		Value
Core Bond Fund
	Central Storage Safety Project Trust
	4.82% due 02/01/38	03/20/18	$	794,939	$	706,724
	Copper River CLO Ltd.
	2007-1A INC, due 01/20/211	05/09/14		–		70
	Nassau LLC
	2019-1 3.98% due 08/15/34	08/16/19		491,960		456,333
			$	1,286,899	$	1,163,127
Floating Rate Strategies Fund
	Mirabela Nickel Ltd.
	due 06/24/192	12/31/13	$	1,160,811	$	6,399
High Yield Fund
	Endo Luxembourg Finance Co I SARL / Endo US, Inc.*	04/23/24	$	7,224	$	121
	Endo Luxembourg Finance Co I SARL / Endo US, Inc.*	04/23/24		5,671		95
	Mirabela Nickel Ltd.
	due 06/24/192	12/31/13		252,369		1,390
	Sabre GLBL, Inc.
	7.38% due 09/01/25	08/20/20		320,406		313,600
	Sabre GLBL, Inc.
	9.25% due 04/15/25	01/05/22		31,368		30,690
			$	617,038	$	345,896
Limited Duration Fund
	Copper River CLO Ltd.
	2007-1A INC, due 01/20/211	05/09/14	$	–	$	50
Macro Opportunities Fund
	Copper River CLO Ltd.
	2007-1A INC, due 01/20/211	05/09/14	$	–	$	815
	Endo Luxembourg Finance Co I SARL / Endo US, Inc.*	05/15/24		26,268		440
	Endo Luxembourg Finance Co I SARL / Endo US, Inc.*	05/15/24		10,895		183
	Mirabela Nickel Ltd.
	due 06/24/192	12/31/13		1,710,483		9,427
	Nassau LLC
	2019-1 3.98% due 08/15/34	08/16/19		8,166,458		7,575,122
			$	9,914,104	$	7,585,987
Municipal Income Fund
	California Enterprise Development Authority Revenue Bonds
	5.00% due 06/01/34	10/18/24	$	266,229	$	261,962
	Public Finance Authority Revenue Bonds
	4.50% due 07/15/49	12/04/24		147,368		141,731
			$	413,597	$	403,693
Total Return Bond Fund
	Angel Oak Mortgage Trust
	2024-3 4.80% due 11/26/683	03/07/24	$	4,807,637	$	4,843,170
	Angel Oak Mortgage Trust
	2024-4 6.40% due 01/25/693	04/09/24		4,230,708		4,259,391
	Angel Oak Mortgage Trust
	2024-12 6.01% due 10/25/693	11/19/24		4,232,842		4,229,555
	Angel Oak Mortgage Trust
	2024-3 4.80% due 11/26/683	03/07/24		2,286,245		2,303,802
	ASG Resecuritization Trust
	2010-3 4.83% (1 Month Term SOFR + 0.40%, Rate Cap/Floor: 10.50%/0.29%) due 12/28/454	10/28/16		1,725,037		1,786,443
	Atlantic Marine Corporations Communities LLC
	5.37% due 12/01/50	02/02/17		738,692		607,198
	BRAVO Residential Funding Trust
	2023-NQM2 4.50% due 05/25/623	02/22/23		4,184,937		4,321,676

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

BRAVO Residential Funding Trust
2023-NQM5 7.01% due 06/25/633	08/03/23	3,317,777	3,349,937
BRAVO Residential Funding Trust
2023-NQM2 4.50% due 05/25/623	02/22/23	2,094,544	2,185,105
BRAVO Residential Funding Trust
2024-NQM3 6.39% due 03/25/643	03/15/24	2,037,354	2,049,046
Central Storage Safety Project Trust
4.82% due 02/01/38	02/02/18	16,419,380	14,487,842
COLT Mortgage Loan Trust
2021-2 2.38% (WAC) due 08/25/664	07/22/21	7,107,981	4,824,278
COLT Mortgage Loan Trust
2023-4 7.62% due 10/25/683	11/02/23	4,635,666	4,718,397
COLT Mortgage Loan Trust
2024-2 6.33% due 04/25/693	04/03/24	4,588,655	4,608,681
COLT Mortgage Loan Trust
2024-2 6.43% due 04/25/693	04/03/24	4,254,899	4,275,150
COLT Mortgage Loan Trust
2024-1 6.14% due 02/25/693	01/31/24	3,638,422	3,640,326
Copper River CLO Ltd.
2007-1A INC, due 01/20/211	05/09/14	–	150
FIGRE Trust
2024-HE3 6.23% (WAC) due 07/25/544	07/11/24	2,542,305	2,551,797
FIGRE Trust
2024-HE6 5.87% (WAC) due 12/25/544	12/11/24	2,499,960	2,483,365
GCAT Trust
2023-NQM3 7.34% (WAC) due 08/25/683	09/18/23	3,915,418	3,973,761
GCAT Trust
2024-NQM2 6.09% due 06/25/593	05/15/24	3,315,052	3,332,261
GCAT Trust
2024-NQM2 6.54% due 06/25/593	05/15/24	2,519,384	2,536,539
GCAT Trust
2023-NQM2 6.24% due 11/25/673	01/30/23	2,463,228	2,463,248
GCAT Trust
2022-NQM4 5.73% due 08/25/673	12/16/24	1,874,752	1,873,485
Legacy Mortgage Asset Trust
2021-GS4 4.65% due 11/25/603	03/14/24	4,288,880	4,422,181
Morgan Stanley ABS Capital I Incorporated Trust
2007-HE3 4.58% (1 Month Term SOFR + 0.24%, Rate Floor: 0.13%) due 12/25/364	03/10/21	1,483,831	1,152,878
Morgan Stanley Re-REMIC Trust
2010-R5 3.50% due 06/26/36	07/18/14	73,732	80,379
Nassau LLC
2019-1 3.98% due 08/15/34	08/16/19	8,551,949	7,940,189
Nomura Resecuritization Trust
2015-4R 3.10% (1 Month Term SOFR + 0.54%, Rate Floor: 0.43%) due 03/26/364	03/20/15	340,968	331,909
OBX Trust
2024-NQM3 6.33% due 12/25/633	02/14/24	4,830,896	4,858,373
OBX Trust
2023-NQM9 7.66% due 10/25/633	10/31/23	4,756,147	4,848,608
OBX Trust
2024-NQM16 5.73% due 10/25/643	10/31/24	4,661,550	4,646,720
OBX Trust
2024-NQM17 5.86% due 11/25/643	11/20/24	3,572,118	3,577,687
OBX Trust
2024-NQM4 6.22% due 01/25/643	03/05/24	3,508,215	3,520,997
OBX Trust
2024-NQM2 6.18% due 12/25/633	01/25/24	3,270,629	3,281,428
OBX Trust
2022-NQM8 6.10% due 09/25/623	09/26/22	3,217,839	3,259,053

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

OBX Trust
2024-NQM9 6.28% due 01/25/643	06/14/24		3,188,195		3,207,060
OBX Trust
2023-NQM2 6.72% due 01/25/623	02/21/23		2,887,052		2,904,754
OBX Trust
2024-NQM12 5.83% due 07/25/643	08/15/24		2,887,373		2,880,531
OBX Trust
2022-NQM9 6.45% due 09/25/623	03/13/24		1,968,655		1,971,562
OBX Trust
2024-NQM3 6.43% due 12/25/633	02/14/24		1,517,134		1,528,693
PRPM LLC
2023-RCF1 4.00% due 06/25/533	06/09/23		3,764,159		3,870,914
RCKT Mortgage Trust
2023-CES1 6.52% (WAC) due 06/25/434	06/20/23		4,233,132		4,273,088
RCKT Mortgage Trust
2023-CES2 6.81% (WAC) due 09/25/434	09/13/23		3,673,968		3,721,185
Residential Mortgage Loan Trust
2020-1 2.68% (WAC) due 01/26/604	02/06/20		294,526		288,647
SPSS
5.14% due 11/15/52	03/30/23		121,557		121,111
Verus Securitization Trust
2024-1 6.12% due 01/25/693	01/12/24		3,188,561		3,193,851
Verus Securitization Trust
2023-2 6.85% due 03/25/683	03/13/24		2,979,224		2,987,714
Verus Securitization Trust
2024-5 6.45% due 06/25/693	06/10/24		2,292,208		2,307,396
Verus Securitization Trust
2022-8 6.13% due 09/25/673	10/06/22		1,284,612		1,308,729
		$	166,267,985	$	162,190,240

*	Non-income producing security.
1	Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.
2	Security is in default of interest and/or principal obligations.
3	Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2024. See table below for additional step information for each security.
4	Variable rate security.  Rate indicated is the rate effective at December 31, 2024. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.

Note 7 – Market Risks

The value of, or income generated by, the investments held by the Funds are subject to the possibility of rapid and unpredictable fluctuation, and loss that may result from various factors. These factors include, among others, developments affecting (or perceived to affect) individual companies, issuers or particular industries, or from broader influences, including real or perceived changes in prevailing interest rates (which may change at any time based on changes in monetary policies and various market and other economic conditions), changes in inflation rates or expectations about inflation rates, deflation, adverse investor confidence or sentiment, general outlook for corporate earnings, changing economic, political (including geopolitical), social or financial market conditions, bank failures, increased instability or general uncertainty, environmental or man-made disasters, or geological events, governmental actions, tariffs, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics), debt crises, terrorism, actual or threatened wars or other armed conflicts (such as the conflict in the Middle East and the ongoing Russia-Ukraine conflict and its collateral economic and other effects, including, but not limited to, sanctions and other international trade barriers) or ratings downgrades, and other similar events, each of which may be temporary or last for extended periods. Different sectors, industries and security types may react differently to such developments. Moreover, changing economic, political, geopolitical, social, financial market or other conditions in one country, geographic region or industry could adversely affect the value, yield and return of the investments held by the Funds in a different country, geographic region, economy, industry or market because of the increasingly interconnected global economies and financial markets. The duration and extent of the foregoing types of factors or conditions are highly uncertain and difficult to predict and have in the past, and may in the future, cause volatility and distress in economies and financial markets or other adverse circumstances, which may negatively affect the value of the Funds’ investments and performance of the Funds. 

OTHER INFORMATION (Unaudited)

Sector Classification

Information in the Schedule of Investments is categorized by sectors using sector-level Classifications defined by the Bloomberg Industry Classification System, a widely recognized industry classification system provider. Each Fund’s registration statement has investment policies relating to concentration in specific sectors/industries. For purposes of these investment policies, the Funds usually classify sectors/industries based on industry-level Classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.