NPORT-P
    false
    
      
      
        
          0001131013
          XXXXXXXX
        
      
      
      
      
        S000001153
        C000169228
        C000003076
      
      
      
    
  
  
    
      Guidestone Funds
      811-10263
      0001131013
      5493004CCGXMXJDWX424
      5005 LBJ Freeway, Ste. 2200
      Dallas
      
      75244
      214-720-1170
      Conservative Allocation Fund
      S000001153
      549300RUTSKVHQ1QCB06
      2022-12-31
      2022-03-31
      N
    
    
      538643412.620000000000
      181065.480000000000
      538462347.140000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.160000000000
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
    
    
      
        GUIDESTONE MEDIUM-DURATIO
        5493004CCGXMXJDWX424
        GUIDESTONE MEDIUM-DURATIO
        40171W710
        
          
          
        
        4740538.5826
        NS
        USD
        66225324
        12.2989702719
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE GROWTH EQTY. F
        5493004CCGXMXJDWX424
        GUIDESTONE GROWTH EQTY. F
        40171W538
        
          
          
        
        1167440.3467
        NS
        USD
        30330100.21
        5.6327244367
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE - STRAT. ALTE
        5493004CCGXMXJDWX424
        GUIDESTONE - STRAT. ALTE
        40171Y831
        
          
          
        
        2581328.3549
        NS
        USD
        26071416.38
        4.8418271990
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE EMG. MKT. EQT
        5493004CCGXMXJDWX424
        GUIDESTONE EMG. MKT. EQT
        40171W132
        
          
          
        
        1257831.7589
        NS
        USD
        12276437.97
        2.2799064847
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE VALUE EQTY. F
        5493004CCGXMXJDWX424
        GUIDESTONE VALUE EQTY. F
        40171W579
        
          
          
        
        1355608.1749
        NS
        USD
        28779561.55
        5.3447676895
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE INTL. EQTY. FU
        5493004CCGXMXJDWX424
        GUIDESTONE INTL. EQTY. FU
        40171W447
        
          
          
        
        2136673.7498
        NS
        USD
        29208330.16
        5.4243960260
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE LOW DURATION B
        5493004CCGXMXJDWX424
        GUIDESTONE LOW DURATION B
        40171W751
        
          
          
        
        19430319.6856
        NS
        USD
        253371368.7
        47.0546120905
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GS GBL IMPACT INST CL
        N/A
        GS GBL IMPACT INST CL
        40171Y799
        
          
        
        1651248.5394
        NS
        USD
        16446435.45
        3.0543334250
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE DEFENSIVE MKT.
        5493004CCGXMXJDWX424
        GUIDESTONE DEFENSIVE MKT.
        40171W199
        
          
          
        
        2949362.8488
        NS
        USD
        40819181.83
        7.5806938121
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE GBL. BD. FUND
        5493004CCGXMXJDWX424
        GUIDESTONE GBL. BD. FUND
        40171Y203
        
          
          
        
        1833893.7689
        NS
        USD
        16743450.11
        3.1094932076
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Guidestone Fds
        5493004CCGXMXJDWX424
        Guidestone Fds MONEY MKT INSTL
        40171W793
        
          
          
        
        5758721.37
        NS
        USD
        5758721.37
        1.0694752197
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE GBL. REAL EST
        5493004CCGXMXJDWX424
        GUIDESTONE GBL. REAL EST
        40171Y302
        
          
          
        
        610284.4525
        NS
        USD
        6731437.51
        1.2501222315
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDESTONE SMALL CAP EQT
        5493004CCGXMXJDWX424
        GUIDESTONE SMALL CAP EQT
        40171W488
        
          
          
        
        323213.472
        NS
        USD
        5859860.25
        1.0882581263
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-04-25
      Guidestone Funds
      Patrick Pattison
      Patrick Pattison
      Vice President & Treasurer
    
  
  XXXX
ABBREVIATIONS AND FOOTNOTES
INVESTMENT ABBREVIATIONS:
10Y — 10 Year
12Y — 12 Year
1M — 1 Month
1Y — 1 Year
2M — 2 Month
3M — 3 Month
5Y — 5 Year
6M — 6 Month
ABS — Asset-Backed Security
ACES — Alternative Credit Enhancement Securities
ADR — American Depositary Receipt
AEX — Amsterdam Exchange
AGM — Assured Guarantee Municipal Corporation
ARM — Adjustable Rate Mortgage
ASX — Australian Securities Exchange
BAM — Build America Mutual
BBR — Bank Bill Rate
BBSW — Bank Bill Swap Rate
Bobl — Bundesobligation ("federal government bond")
BUBOR — Budapest Interbank Offered Rate
Bund — Bundesanleihe ("federal bond")
CDI — Crest Depository Interest
CDO — Collateralized Debt Obligation
CDOR — Canadian Dollar Offered Rate
CDX — A series of indexes that track North American and emerging market credit derivative indexes.
Cetip — Central of Custody and Financial Settlement of Securities
CFETS — China Foreign Exchange Trade System
CLP-TNA — Chilean Pesos Floating Rate Index
CLO — Collateralized Loan Obligation
CME — Chicago Mercantile Exchange
CMT — Constant Maturity
COF — Cost of Funds
CONV — Convertible
COP-IBR-OIS — Certificate of Participation - Income-based Repayment - Overnight Indexed Swap
COPS — Certificates of Participation
CVA — Dutch Certificate
DAC — Designated Activity Company
DAX — Deutscher Aktien Index
ESTR — Euro Short-Term Rate
ETF — Exchange Traded Fund
EURIBOR — Euro Interbank Offered Rate
Fannie Mae — Federal National Mortgage Association
FHA — Federal Housing Administration
FHLMC — Federal Home Loan Mortgage Corporation
FRA — Forward Rate Agreements
FTSE — Financial Times Stock Exchange
GDR — Global Depositary Receipt
Gtd. — Guaranteed
HIBOR — Hong Kong Interbank Offered Rate
HTS — Harmonized Tariff Schedule
HUD — Housing and Urban Development
HY — High Yield
IBEX — Iberia Index
ICE — Intercontinental Exchange
IG — Investment Grade
IO — Interest Only (Principal amount shown is notional)
JIBAR — Johannesburg Interbank Average Rate
JSC — Joint Stock Company
KLCI — Kuala Lumpur Composite Index
KOSPI — Korea Composite Stock Price Index
KWCDC — Korean Won Certificate of Deposit
LIBOR — London Interbank Offered Rate
LLC — Limited Liability Company
LP — Limited Partnership
MIBOR — Mumbai Inter-Bank Overnight Rate
MSCI — Morgan Stanley Capital International
NA — North American
NIBOR — Norwegian Interbank Offered Rate
NVDR — Non-Voting Depository Receipt
OAT — Obligations Assimilables du Trésor
OMX — Stockholm Stock Exchange
PCL — Public Company Limited
PIK — Payment-in-Kind Bonds
PJSC — Public Joint Stock Company
PLC — Public Limited Company
PRIBOR — Prague Inter-bank Offered Rate
PSF — Permanent School Fund
Q-SBLF — Qualified School Bond Loan Fund
QPSC — Qualified Personal Service Corporation
QSC — Qatar Shareholder Company
REIT — Real Estate Investment Trust
REMIC — Real Estate Mortgage Investment Conduit
SA — Societe Anonyme
SAE — Societe Anonyme Egyptienne
SBA — Small Business Administration
SGX — Singapore Stock Exchange
SOFR — Secured Overnight Financing Rate
SONIA — Sterling Overnight Index Average Rate
SonyMA — State of New York Mortgage Agency
STACR — Structured Agency Credit Risk
STEP — Stepped Coupon Bonds: Interest rates shown reflect the rates currently in effect.
STIBOR — Stockholm Interbank Offered Rate
STRIP — Stripped Security
TBA — To be announced
Tbk — Terbuka
TELBOR — Tel Aviv Inter-Bank Offered Rate
TIIE — The Equilibrium Interbank Interest Rate
TSX — Toronto Stock Exchange
WIBOR — Warsaw Interbank Offered Rate
144A — Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. See the Funds' Annual Report for the total market values and percentages of net assets for 144A securities by fund as of December 31, 2021.
 
1
ABBREVIATIONS AND FOOTNOTES
INVESTMENT FOOTNOTES:
π — Century bond maturing in 2115.
‡‡ — All or a portion of the security was held as collateral for open futures, options, securities sold short and/or swap agreements.
* — Non-income producing security.
# — Security in default.
§ — Security purchased with the cash proceeds from securities loaned.
^ — Variable rate security. Security issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of year end.
† — Variable rate security. Rate shown reflects the rate in effect as of March 31, 2022.
γ — Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.
Ω — Rate shown reflects the effective yield as of March 31, 2022.
∞ — Affiliated fund.
Δ — Security either partially or fully on loan.
Σ — All or a portion of this position has not settled. Full contract rates do not take effect until settlement date.
††† — Security is a Level 3 investment (see Note 2 in Notes to Financial Statements of the Funds' Annual Report dated December 31, 2021).
Ø — 7-day current yield as of March 31, 2022 is disclosed.
ρ — Perpetual bond. Maturity date represents the next call date.
~ — Century bond maturing in 2121.
« — Century bond maturing in 2110.
◊ — Current yield is disclosed. Dividends are calculated based on a percentage of the issuer’s net income.
€ — Rounds to less than 1 share.
Ψ — Security is valued at fair value by the Valuation Committee (see Note 2 in Notes to Financial Statements of the Funds' Annual Report dated December 31, 2021). See the Funds' Annual Report for the total market values and percentages of net assets for Fair Valued securities by fund as of December 31, 2021.
    
FOREIGN BOND FOOTNOTES:
(A) — Par is denominated in Australian Dollars (AUD).
(B) — Par is denominated in Brazilian Reals (BRL).
(C) — Par is denominated in Canadian Dollars (CAD).
(D) — Par is denominated in Danish Krone (DKK).
(E) — Par is denominated in Euro (EUR).
(I) — Par is denominated in Indonesian Rupiahs (IDR).
(J) — Par is denominated in Japanese Yen (JPY).
(M) — Par is denominated in Mexican Pesos (MXN).
(P) — Par is denominated in Polish Zloty (PLN).
(Q) — Par is denominated in Russian Rubles (RUB).
(S) — Par is denominated in South African Rand (ZAR).
(U) — Par is denominated in British Pounds (GBP).
(Y) — Par is denominated in Chinese Yuan (CNY).
(Z) — Par is denominated in New Zealand Dollars (NZD).
(ZB) — Par is denominated in Peruvian Sol (PEN).
(ZC) — Par is denominated in Israeli Shekels (ILS).
(ZE) — Par is denominated in Czech Koruna (CZK).
     
COUNTERPARTY ABBREVIATIONS:
BAR — Counterparty to contract is Barclays Capital.
BNP — Counterparty to contract is BNP Paribas.
BOA — Counterparty to contract is Bank of America.
CITI — Counterparty to contract is Citibank NA London.
DEUT — Counterparty to contract is Deutsche Bank AG.
Evercore — Counterparty to contract is Evercore Inc.
GSC — Counterparty to contract is Goldman Sachs Capital Markets, LP.
HSBC — Counterparty to contract is HSBC Securities.
JPM — Counterparty to contract is JPMorgan Chase Bank.
MSCS — Counterparty to contract is Morgan Stanley Capital Services.
NT — Counterparty to contract is Northern Trust.
RBC — Counterparty to contract is Royal Bank of Canada.
RBS — Counterparty to contract is Royal Bank of Scotland.
SC — Counterparty to contract is Standard Chartered PLC.
SS — Counterparty to contract is State Street Global Markets.
TD — Counterparty to contract is Toronto-Dominion Bank.
UBS — Counterparty to contract is UBS AG.
WEST — Counterparty to contract is Westpac Bank.
 
2
MYDESTINATION 2015 FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 91.9%
GuideStone Low-Duration Bond Fund
(Institutional Class)∞ 		8,164,411   $106,463,917
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		11,722,632   163,765,166
GuideStone Global Bond Fund
(Institutional Class)∞ 		3,843,062   35,087,162
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		5,498,208   76,095,199
GuideStone Equity Index Fund
(Institutional Class)∞ 		2,666,684   128,267,487
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		863,917   15,662,813
GuideStone International Equity Index Fund
(Institutional Class)∞ 		5,010,993   56,073,016
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		2,331,018   22,750,735
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		570,612   6,293,848
GuideStone Strategic Alternatives Fund
(Institutional Class)∞ 		1,963,672   19,833,086
Total Mutual Funds
(Cost $605,060,768) 		  630,292,429
MONEY MARKET FUNDS — 0.9%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		6,347,782   6,347,782
    Shares   Value
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 11,186   $11,186
Total Money Market Funds
(Cost $6,358,968) 		  6,358,968
    
    Par  
U.S. TREASURY OBLIGATIONS — 7.2%
U.S. Treasury Bill      
0.25%, 07/07/22Ω $2,300,000 2,296,467
U.S. Treasury Inflationary Index Bonds      
0.13%, 07/15/24 8,600,000 10,688,475
0.13%, 07/15/26 7,170,000 8,842,928
0.38%, 07/15/27 2,340,000 2,865,912
3.88%, 04/15/29 5,060,000 11,447,776
3.38%, 04/15/32 2,420,000 5,410,397
0.63%, 02/15/43 2,855,000 3,900,029
1.00%, 02/15/48 1,900,000 2,692,399
0.13%, 02/15/51 1,090,000 1,207,116
Total U.S. Treasury Obligations
(Cost $50,250,308) 		49,351,499
TOTAL INVESTMENTS — 100.0%
(Cost $661,670,044) 		  686,002,896
Other Assets in Excess of
Liabilities — 0.0% 		  78,709
NET ASSETS — 100.0%   $686,081,605
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
3
MYDESTINATION 2025 FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 95.4%
GuideStone Low-Duration Bond Fund
(Institutional Class)∞ 		11,087,965   $144,587,061
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		28,123,617   392,886,933
GuideStone Global Bond Fund
(Institutional Class)∞ 		9,685,408   88,427,775
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		15,079,441   208,699,466
GuideStone Equity Index Fund
(Institutional Class)∞ 		8,503,308   409,009,121
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		2,828,531   51,281,261
GuideStone International Equity Index Fund
(Institutional Class)∞ 		15,649,472   175,117,594
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		7,393,196   72,157,590
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		1,732,100   19,105,064
GuideStone Strategic Alternatives Fund
(Institutional Class)∞ 		3,241,924   32,743,435
Total Mutual Funds
(Cost $1,485,926,465) 		  1,594,015,300
MONEY MARKET FUNDS — 1.6%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		25,663,296   25,663,296
    Shares   Value
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 9,726   $9,726
Total Money Market Funds
(Cost $25,673,022) 		  25,673,022
    
    Par  
U.S. TREASURY OBLIGATIONS — 3.1%
U.S. Treasury Bill      
0.25%, 07/07/22Ω $2,400,000 2,396,314
U.S. Treasury Inflationary Index Bonds      
0.13%, 07/15/24 10,751,174 11,285,040
0.13%, 07/15/26 8,961,032 9,422,589
0.38%, 07/15/27 2,827,352 3,012,882
3.88%, 04/15/29 9,106,921 12,047,313
3.38%, 04/15/32 4,039,022 5,701,039
0.63%, 02/15/43 3,699,152 4,132,255
1.00%, 02/15/48 2,320,124 2,883,701
0.13%, 02/15/51 1,187,868 1,218,191
Total U.S. Treasury Obligations
(Cost $53,046,773) 		52,099,324
TOTAL INVESTMENTS — 100.1%
(Cost $1,564,646,260) 		  1,671,787,646
Liabilities in Excess of Other
Assets — (0.1)% 		  (1,255,307)
NET ASSETS — 100.0%   $1,670,532,339
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
4
MYDESTINATION 2035 FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 97.9%
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		18,325,677   $256,009,709
GuideStone Global Bond Fund
(Institutional Class)∞ 		6,795,034   62,038,658
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		7,888,820   109,181,265
GuideStone Equity Index Fund
(Institutional Class)∞ 		10,589,197   509,340,378
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		3,527,670   63,956,656
GuideStone International Equity Index Fund
(Institutional Class)∞ 		19,614,595   219,487,318
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		9,047,788   88,306,408
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		1,850,064   20,406,211
    Shares   Value
GuideStone Strategic Alternatives Fund
(Institutional Class)∞ 		560,092   $5,656,933
Total Mutual Funds
(Cost $1,206,620,691) 		  1,334,383,536
MONEY MARKET FUNDS — 2.2%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞
(Cost $29,474,976) 		29,474,976   29,474,976
TOTAL INVESTMENTS — 100.1%
(Cost $1,236,095,667) 		    1,363,858,512
Liabilities in Excess of Other
Assets — (0.1)% 		    (1,537,639)
NET ASSETS — 100.0%     $1,362,320,873
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
5
MYDESTINATION 2045 FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 98.0%
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		6,099,374   $85,208,258
GuideStone Global Bond Fund
(Institutional Class)∞ 		2,249,595   20,538,798
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		3,876,410   53,649,521
GuideStone Equity Index Fund
(Institutional Class)∞ 		10,485,345   504,345,084
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		3,463,872   62,800,003
GuideStone International Equity Index Fund
(Institutional Class)∞ 		19,160,773   214,409,050
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		8,876,312   86,632,806
    Shares   Value
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		1,713,553   $18,900,487
Total Mutual Funds
(Cost $904,098,195) 		  1,046,484,007
MONEY MARKET FUNDS — 2.2%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞
(Cost $23,575,411) 		23,575,411   23,575,411
TOTAL INVESTMENTS — 100.2%
(Cost $927,673,606) 		    1,070,059,418
Liabilities in Excess of Other
Assets — (0.2)% 		    (2,164,210)
NET ASSETS — 100.0%     $1,067,895,208
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
6
MYDESTINATION 2055 FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 98.0%
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		1,325,068   $18,511,202
GuideStone Global Bond Fund
(Institutional Class)∞ 		482,016   4,400,810
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		1,563,665   21,641,123
GuideStone Equity Index Fund
(Institutional Class)∞ 		4,499,871   216,443,820
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		1,429,075   25,909,129
GuideStone International Equity Index Fund
(Institutional Class)∞ 		8,274,961   92,596,811
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		3,870,757   37,778,584
    Shares   Value
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		731,014   $8,063,088
Total Mutual Funds
(Cost $375,432,571) 		  425,344,567
MONEY MARKET FUNDS — 2.2%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞
(Cost $9,798,026) 		9,798,026   9,798,026
TOTAL INVESTMENTS — 100.2%
(Cost $385,230,597) 		    435,142,593
Liabilities in Excess of Other
Assets — (0.2)% 		    (988,347)
NET ASSETS — 100.0%     $434,154,246
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
7
CONSERVATIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 99.0%
GuideStone Low-Duration Bond Fund
(Institutional Class)∞ 		19,430,320   $253,371,369
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		4,740,539   66,225,324
GuideStone Global Bond Fund
(Institutional Class)∞ 		1,833,894   16,743,450
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		2,949,363   40,819,182
GuideStone Global Impact Fund
(Institutional Class)∞ 		1,651,249   16,446,436
GuideStone Value Equity Fund
(Institutional Class)∞ 		1,355,608   28,779,562
GuideStone Growth Equity Fund
(Institutional Class)∞ 		1,167,440   30,330,100
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		323,213   5,859,860
GuideStone International Equity Fund
(Institutional Class)∞ 		2,136,674   29,208,330
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		1,257,832   12,276,438
    Shares   Value
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		610,284   $6,731,438
GuideStone Strategic Alternatives Fund
(Institutional Class)∞ 		2,581,328   26,071,416
Total Mutual Funds
(Cost $535,158,335) 		  532,862,905
MONEY MARKET FUNDS — 1.0%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞
(Cost $5,758,721) 		5,758,721   5,758,721
TOTAL INVESTMENTS — 100.0%
(Cost $540,917,056) 		    538,621,626
Liabilities in Excess of Other
Assets — (0.0)% 		    (265,822)
NET ASSETS — 100.0%     $538,355,804
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
8
BALANCED ALLOCATION FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 98.0%
GuideStone Low-Duration Bond Fund
(Institutional Class)∞ 		4,873,662   $63,552,550
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		31,585,530   441,249,850
GuideStone Global Bond Fund
(Institutional Class)∞ 		13,895,784   126,868,511
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		11,833,536   163,776,147
GuideStone Global Impact Fund
(Institutional Class)∞ 		6,462,522   64,366,716
GuideStone Value Equity Fund
(Institutional Class)∞ 		7,597,467   161,294,227
GuideStone Growth Equity Fund
(Institutional Class)∞ 		6,446,272   167,474,160
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		1,751,367   31,752,277
GuideStone International Equity Fund
(Institutional Class)∞ 		11,822,680   161,616,034
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		6,853,605   66,891,188
    Shares   Value
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		3,045,124   $33,587,718
GuideStone Strategic Alternatives Fund
(Institutional Class)∞ 		5,885,200   59,440,517
Total Mutual Funds
(Cost $1,547,289,364) 		  1,541,869,895
MONEY MARKET FUNDS — 2.0%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞
(Cost $31,927,752) 		31,927,752   31,927,752
TOTAL INVESTMENTS — 100.0%
(Cost $1,579,217,116) 		    1,573,797,647
Liabilities in Excess of Other
Assets — (0.0)% 		    (383,071)
NET ASSETS — 100.0%     $1,573,414,576
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
9
GROWTH ALLOCATION FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 97.7%
GuideStone Low-Duration Bond Fund
(Institutional Class)∞ 		1,690,290   $22,041,377
GuideStone Medium-Duration Bond Fund
(Institutional Class)∞ 		10,889,926   152,132,271
GuideStone Global Bond Fund
(Institutional Class)∞ 		4,677,737   42,707,740
GuideStone Defensive Market Strategies® Fund
(Institutional Class)∞ 		4,334,515   59,989,689
GuideStone Global Impact Fund
(Institutional Class)∞ 		5,123,502   51,030,081
GuideStone Value Equity Fund
(Institutional Class)∞ 		10,946,443   232,392,972
GuideStone Growth Equity Fund
(Institutional Class)∞ 		9,380,040   243,693,436
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		2,557,767   46,372,322
GuideStone International Equity Fund
(Institutional Class)∞ 		17,337,030   236,997,198
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		10,075,131   98,333,275
    Shares   Value
GuideStone Global Real Estate Securities Fund
(Institutional Class)∞ 		3,679,063   $40,580,063
GuideStone Strategic Alternatives Fund
(Institutional Class)∞ 		2,931,784   29,611,020
Total Mutual Funds
(Cost $1,250,332,780) 		  1,255,881,444
MONEY MARKET FUNDS — 2.4%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞
(Cost $30,465,324) 		30,465,324   30,465,324
TOTAL INVESTMENTS — 100.1%
(Cost $1,280,798,104) 		    1,286,346,768
Liabilities in Excess of Other
Assets — (0.1)% 		    (1,278,967)
NET ASSETS — 100.0%     $1,285,067,801
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
10
AGGRESSIVE ALLOCATION FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
MUTUAL FUNDS — 97.7%
GuideStone Value Equity Fund
(Institutional Class)∞ 		13,826,291   $293,532,166
GuideStone Growth Equity Fund
(Institutional Class)∞ 		11,908,287   309,377,306
GuideStone Small Cap Equity Fund
(Institutional Class)∞ 		3,221,223   58,400,767
GuideStone International Equity Fund
(Institutional Class)∞ 		22,323,809   305,166,461
GuideStone Emerging Markets Equity Fund
(Institutional Class)∞ 		13,130,212   128,150,872
Total Mutual Funds
(Cost $1,088,233,083) 		  1,094,627,572
    Shares   Value
MONEY MARKET FUNDS — 2.3%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞
(Cost $25,489,229) 		25,489,229   $25,489,229
TOTAL INVESTMENTS — 100.0%
(Cost $1,113,722,312) 		    1,120,116,801
Liabilities in Excess of Other
Assets — (0.0)% 		    (386,101)
NET ASSETS — 100.0%     $1,119,730,700
 
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
11
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Par   Value
AGENCY OBLIGATIONS — 2.4%
Federal Home Loan Bank        
0.90%, 02/26/27 $3,300,000   $3,038,142
0.92%, 02/26/27 3,300,000   3,035,799
Federal Home Loan Mortgage Corporation        
0.80%, 10/27/26 3,000,000   2,758,296
0.80%, 10/28/26 4,000,000   3,684,288
Federal National Mortgage Association        
0.70%, 07/30/25 6,000,000   5,649,661
0.88%, 12/18/26 8,700,000   8,022,370
Total Agency Obligations
(Cost $28,297,444) 		    26,188,556
ASSET-BACKED SECURITIES — 15.2%
ACRES Commercial Realty, Ltd., Series 2021-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.40%, 1.40% Floor), 1.84%, 01/15/37 144A † 240,000   236,953
Aimco CLO 12, Ltd., Series 2020-12A, Class AR      
(Floating, CME Term SOFR 3M + 1.17%, 1.17% Floor), 1.40%, 01/17/32 144A † 3,050,000   3,037,341
AIMCO CLO, Series 2017-AA, Class AR      
(Floating, ICE LIBOR USD 3M + 1.05%, 1.05% Floor), 1.30%, 04/20/34 144A † 1,000,000   989,892
Ally Auto Receivables Trust, Series 2019-3, Class A3      
1.93%, 05/15/24 358,645   359,112
AmeriCredit Automobile Receivables Trust, Series 2020-2, Class B      
0.97%, 02/18/26 180,000   177,111
AMMC CLO XIII, Ltd., Series 2013-13A, Class A1R2      
(Floating, ICE LIBOR USD 3M + 1.05%), 1.32%, 07/24/29 144A † 2,000,000   1,992,985
Anchorage Capital CLO 7, Ltd., Series 2015-7A, Class CR2      
(Floating, ICE LIBOR USD 3M + 2.20%, 2.20% Floor), 2.48%, 01/28/31 144A † 450,000   447,704
Apidos CLO XII, Series 2013-12A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.08%), 1.32%, 04/15/31 144A † 2,100,000   2,087,062
Apidos CLO XXII, Series 2015-22A, Class A2R      
(Floating, ICE LIBOR USD 3M + 1.50%), 1.75%, 04/20/31 144A † 250,000   247,674
    Par   Value
Arbor Realty Commercial Real Estate Notes, Ltd., Series 2021-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.10%, 1.10% Floor), 1.50%, 05/15/36 144A † $2,350,000   $2,333,341
Arbor Realty Commercial Real Estate Notes, Ltd., Series 2021-FL4, Class A      
(Floating, ICE LIBOR USD 1M + 1.35%, 1.35% Floor), 1.75%, 11/15/36 144A † 580,000   575,944
Ares LVI CLO, Ltd., Series 2020-56A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.16%, 1.16% Floor), 1.42%, 10/25/34 144A † 250,000   247,303
Barings CLO, Ltd., Series 2013-IA, Class AR      
(Floating, ICE LIBOR USD 3M + 0.80%, 0.80% Floor), 1.05%, 01/20/28 144A † 916,562   910,590
BDS, Ltd., Series 2020-FL5, Class A      
(Floating, U.S. 30-Day Average SOFR + 1.26%, 1.15% Floor), 1.31%, 02/16/37 144A † 569,909   566,421
BDS, Ltd., Series 2021-FL10, Class A      
(Floating, ICE LIBOR USD 1M + 1.35%, 1.35% Floor), 1.82%, 12/16/36 144A † 585,000   581,581
BDS, Ltd., Series 2021-FL7, Class A      
(Floating, ICE LIBOR USD 1M + 1.07%, 1.07% Floor), 1.54%, 06/16/36 144A † 1,450,000   1,425,383
Bear Stearns Asset Backed Securities I Trust, Series 2007-HE7, Class 1A1      
(Floating, ICE LIBOR USD 1M + 1.00%, 1.00% Floor), 1.46%, 10/25/37† 52,825   52,771
Bear Stearns Asset Backed Securities Trust, Series 2004-SD1, Class A2      
(Floating, ICE LIBOR USD 1M + 0.90%, 0.90% Floor, 11.00% Cap), 1.36%, 12/25/42† 7,612   7,615
Benefit Street Partners CLO II, Ltd., Series 2013-IIA, Class A2R2      
(Floating, ICE LIBOR USD 3M + 1.45%, 1.45% Floor), 1.69%, 07/15/29 144A † 300,000   298,392
BMW Canada Auto Trust, Series 2021-1A, Class A2      
0.50%, 07/20/24(C)  144A 1,500,000   1,181,414
BRSP, Ltd., Series 2021-FL1, Class A      
(Floating, ICE LIBOR USD 1M + 1.15%, 1.15% Floor), 1.60%, 08/19/38 144A † 2,600,000   2,561,978
 
12
    Par   Value
BSPRT Issuer, Ltd., Series 2018-FL4 , Class AS      
(Floating, ICE LIBOR USD 1M + 1.30%, 1.30% Floor), 1.70%, 09/15/35 144A † $885,447   $886,735
BSPRT Issuer, Ltd., Series 2021-FL7, Class A      
(Floating, ICE LIBOR USD 1M + 1.32%, 1.32% Floor), 1.72%, 12/15/38 144A † 290,000   287,440
CARS-DB4 LP, Series 2020-1A, Class A1      
2.69%, 02/15/50 144A 313,846   307,004
CARS-DB5 LP, Series 2021-1A, Class A1      
1.44%, 08/15/51 144A 1,974,136   1,799,789
Cedar Funding VI CLO, Ltd., Series 2016-6A, Class ARR      
(Floating, ICE LIBOR USD 3M + 1.05%, 1.05% Floor), 1.30%, 04/20/34 144A † 1,490,000   1,474,727
Chesapeake Funding II LLC, Series 2019-1A, Class B      
3.11%, 04/15/31 144A 240,000   240,031
Chesapeake Funding II LLC, Series 2019-1A, Class C      
3.36%, 04/15/31 144A 230,000   230,109
Chesapeake Funding II LLC, Series 2019-1A, Class D      
3.80%, 04/15/31 144A 370,000   370,204
Chesapeake Funding II LLC, Series 2020-1A, Class B      
1.24%, 08/15/32 144A 100,000   98,041
CIFC Funding 2015-II, Ltd., Series 2015-2A, Class AR2      
(Floating, ICE LIBOR USD 3M + 1.01%, 1.01% Floor), 1.25%, 04/15/30 144A † 1,000,000   995,750
CIFC Funding, Ltd., Series 2018-3A, Class A      
(Floating, ICE LIBOR USD 3M + 1.10%), 1.34%, 07/18/31 144A † 500,000   496,840
CIFC Funding, Ltd., Series 2021-5A, Class A      
(Floating, ICE LIBOR USD 3M + 1.14%, 1.14% Floor), 1.38%, 07/15/34 144A † 250,000   247,489
CLNC, Ltd., Series 2019-FL1, Class A      
(Floating, U.S. 30-Day Average SOFR + 1.36%, 1.25% Floor), 1.41%, 08/20/35 144A † 1,190,552   1,181,635
CNH Capital Canada Receivables Trust, Series 2021-1A, Class A1      
0.39%, 03/15/24(C)  144A 153,191   122,491
CNH Equipment Trust, Series 2018-B, Class A3      
3.19%, 11/15/23 124,232   124,556
    Par   Value
College Ave Student Loans LLC, Series 2021-B, Class A1      
(Floating, ICE LIBOR USD 1M + 0.80%, 0.80% Floor), 1.26%, 06/25/52 144A † $232,336   $228,663
College Ave Student Loans LLC, Series 2021-C, Class B      
2.72%, 07/26/55 144A 100,000   94,067
Credit Acceptance Auto Loan Trust, Series 2019-3A, Class A      
2.38%, 11/15/28 144A 324,600   325,238
Credit Acceptance Auto Loan Trust, Series 2020-1A, Class A      
2.01%, 02/15/29 144A 1,119,141   1,119,326
Credit Acceptance Auto Loan Trust, Series 2020-2A, Class A      
1.37%, 07/16/29 144A 300,000   297,199
Credit Acceptance Auto Loan Trust, Series 2021-2A, Class A      
0.96%, 02/15/30 144A 800,000   774,006
CSAB Mortgage-Backed Trust, Series 2006-2, Class A6A      
(Step to 6.18% on 04/25/36), 6.22%, 09/25/36 STEP 250,816   111,529
CWABS, Inc. Asset-Backed Certificates Trust, Series 2004-6, Class 1A1      
(Floating, ICE LIBOR USD 1M + 0.54%, 0.54% Floor), 1.00%, 12/25/34† 663,185   642,868
DataBank Issuer, Series 2021-1A, Class A2      
2.06%, 02/27/51 144A 650,000   605,119
DataBank Issuer, Series 2021-2A, Class A2      
2.40%, 10/25/51 144A 1,200,000   1,131,981
Dewolf Park CLO, Ltd., Series 2017-1A, Class AR      
(Floating, ICE LIBOR USD 3M + 0.92%, 0.90% Floor), 1.16%, 10/15/30 144A † 2,950,000   2,923,012
Diamond Infrastructure Funding LLC, Series 2021-1A, Class A      
1.76%, 04/15/49 144A 1,650,000   1,496,401
Diamond Issuer, Series 2021-1A, Class A      
2.31%, 11/20/51 144A 1,750,000   1,597,492
Drive Auto Receivables Trust, Series 2020-1, Class C      
2.36%, 03/16/26 730,653   731,727
Drive Auto Receivables Trust, Series 2020-2, Class B      
1.42%, 03/17/25 254,293   254,213
Drive Auto Receivables Trust, Series 2021-1, Class B      
0.65%, 07/15/25 1,650,000   1,635,793
13
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Drive Auto Receivables Trust, Series 2021-3, Class B      
1.11%, 05/15/26 $1,350,000   $1,315,798
Dryden 43 Senior Loan Fund, Series 2016-43A, Class AR2      
(Floating, ICE LIBOR USD 3M + 1.04%, 1.04% Floor), 1.29%, 04/20/34 144A † 1,000,000   989,596
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR      
(Floating, ICE LIBOR USD 3M + 0.90%), 1.14%, 04/15/29 144A † 958,940   952,897
EDvestinU Private Education Loan Issue No. 1 LLC, Series 2019-A, Class A      
3.58%, 11/25/38 144A 221,242   219,415
EDvestinU Private Education Loan Issue No. 3 LLC, Series 2021-A, Class A      
1.80%, 11/25/45 144A 78,856   73,028
ELFI Graduate Loan Program LLC, Series 2021-A, Class A      
1.53%, 12/26/46 144A 4,134,133   3,872,980
Elmwood CLO II, Ltd., Series 2019-2A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.15%, 1.15% Floor), 1.40%, 04/20/34 144A † 1,700,000   1,683,414
Enterprise Fleet Financing LLC, Series 2022-1, Class A2      
3.03%, 01/20/28 144A 925,000   924,497
Fairstone Financial Issuance Trust I, Series 2020-1A, Class A      
2.51%, 10/20/39(C)  144A 460,000   351,547
FHLMC Structured Pass-Through Certificates, Series T-32, Class A1      
(Floating, ICE LIBOR USD 1M + 0.26%, 0.26% Floor), 0.72%, 08/25/31† 167,085   163,727
FirstKey Homes Trust, Series 2020-SFR2, Class A      
1.27%, 10/19/37 144A 2,491,313   2,316,148
Flexential Issuer, Series 2021-1A, Class A2      
3.25%, 11/27/51 144A 1,250,000   1,184,366
Ford Auto Securitization Trust, Series 2020-AA, Class A2      
0.89%, 08/15/24(C)  144A 2,166,147   1,722,478
Ford Credit Auto Lease Trust, Series 2020-A, Class B      
2.05%, 06/15/23 1,010,000   1,011,805
FS Rialto Issuer LLC, Series 2022-FL4, Class A      
(Floating, U.S. 30-Day Average SOFR + 1.90%, 1.90% Floor), 2.20%, 01/19/39 144A † 375,000   375,375
FS RIALTO, Series 2021-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.22%, 1.22% Floor), 1.65%, 05/16/38 144A † 270,000   266,458
    Par   Value
FS Rialto, Series 2021-FL3, Class A      
(Floating, ICE LIBOR USD 1M + 1.25%, 1.25% Floor), 1.68%, 11/16/36 144A † $515,000   $508,295
GM Financial Automobile Leasing Trust, Series 2020-1, Class A3      
1.67%, 12/20/22 316,989   317,078
GM Financial Consumer Automobile Receivables Trust, Series 2020-1, Class B      
2.03%, 04/16/25 390,000   389,334
GM Financial Consumer Automobile Receivables Trust, Series 2020-1, Class C      
2.18%, 05/16/25 300,000   299,636
GMF Canada Leasing Trust, Series 2020-1A, Class A2      
0.91%, 07/20/23(C)  144A 1,103,044   882,320
GMF Canada Leasing Trust, Series 2020-1A, Class A3      
1.05%, 11/20/25(C)  144A 1,690,000   1,348,512
GMF Canada Leasing Trust, Series 2021-1A, Class A2      
0.64%, 03/20/24(C)  144A 2,000,000   1,592,337
GMF Floorplan Owner Revolving Trust, Series 2019-2, Class A      
2.90%, 04/15/26 144A 2,000,000   1,998,017
Goldentree Loan Management U.S. CLO 1, Ltd., Series 2017-1A, Class A1R2      
(Floating, ICE LIBOR USD 3M + 1.02%, 1.02% Floor), 1.27%, 04/20/34 144A † 348,000   342,450
GoodLeap Sustainable Home Solutions Trust, Series 2021-4GS, Class A      
1.93%, 07/20/48 144A 201,020   182,516
GoodLeap Sustainable Home Solutions Trust, Series 2022-1GS, Class A      
2.70%, 01/20/49 144A 122,338   118,660
GPMT, Ltd., Series 2021-FL4, Class A      
(Floating, ICE LIBOR USD 1M + 1.35%, 1.35% Floor), 1.80%, 12/15/36 144A † 500,000   495,036
GreatAmerica Leasing Receivables Funding LLC, Series 2021-1, Class A3      
0.34%, 08/15/24 144A 1,100,000   1,073,381
Greystone CRE Notes, Ltd., Series 2019-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.18%, 1.18% Floor), 1.58%, 09/15/37 144A † 1,770,000   1,767,271
Gulf Stream Meridian 4, Ltd., Series 2021-4A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.20%, 1.20% Floor), 1.44%, 07/15/34 144A † 900,000   891,929
 
14
    Par   Value
Harley-Davidson Motorcycle Trust, Series 2020-A, Class A3      
1.87%, 10/15/24 $324,596   $324,952
Hertz Vehicle Financing LLC, Series 2021-1A, Class A      
1.21%, 12/26/25 144A 1,700,000   1,611,880
ITE Rail Fund Levered LP, Series 2021-3, Class A      
2.21%, 06/28/51 144A 1,543,632   1,427,126
Kubota Credit Owner Trust, Series 2020-2A, Class A3      
0.59%, 10/15/24 144A 1,520,000   1,496,447
LCCM Trust, Series 2021-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.20%, 1.20% Floor), 1.60%, 12/13/38 144A † 1,600,000   1,586,223
LCM XX LP, Series 20A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.04%), 1.29%, 10/20/27 144A † 526,103   524,410
Lendmark Funding Trust, Series 2019-2A, Class A      
2.78%, 04/20/28 144A 350,000   346,428
Lendmark Funding Trust, Series 2021-1A, Class A      
1.90%, 11/20/31 144A 280,000   253,810
LoanCore Issuer, Ltd., Series 2018-CRE1, Class A      
(Floating, ICE LIBOR USD 1M + 1.13%, 1.13% Floor), 1.53%, 05/15/28 144A † 121,599   121,378
LoanCore Issuer, Ltd., Series 2021-CRE5, Class A      
(Floating, ICE LIBOR USD 1M + 1.30%, 1.30% Floor), 1.70%, 07/15/36 144A † 2,490,000   2,468,012
LoanCore Issuer, Ltd., Series 2021-CRE6, Class A      
(Floating, ICE LIBOR USD 1M + 1.30%, 1.30% Floor), 1.70%, 11/15/38 144A † 300,000   299,557
Madison Park Funding XIII, Ltd., Series 2014-13A, Class CR2      
(Floating, ICE LIBOR USD 3M + 1.90%), 2.15%, 04/19/30 144A † 400,000   397,567
Madison Park Funding XIX, Ltd., Series 2015-19A, Class A2R2      
(Floating, ICE LIBOR USD 3M + 1.50%, 1.50% Floor), 1.76%, 01/22/28 144A † 600,000   597,343
Madison Park Funding XVII, Ltd., Series 2015-17A, Class AR2      
(Floating, ICE LIBOR USD 3M + 1.00%), 1.26%, 07/21/30 144A † 4,300,000   4,276,247
Magnetite VII, Ltd., Series 2012-7A, Class A1R2      
(Floating, ICE LIBOR USD 3M + 0.80%), 1.04%, 01/15/28 144A † 2,745,754   2,724,526
    Par   Value
Magnetite VIII, Ltd., Series 2014-8A, Class AR2      
(Floating, ICE LIBOR USD 3M + 0.98%, 0.98% Floor), 1.22%, 04/15/31 144A † $530,000   $526,863
Mariner Finance Issuance Trust, Series 2019-AA, Class A      
2.96%, 07/20/32 144A 308,000   306,583
Mariner Finance Issuance Trust, Series 2020-AA, Class A      
2.19%, 08/21/34 144A 140,000   134,675
Mariner Finance Issuance Trust, Series 2021-AA, Class A      
1.86%, 03/20/36 144A 110,000   100,694
MBarc Credit Canada, Inc., Series 2021-AA, Class A2      
0.63%, 05/15/24(C)  144A 1,700,000   1,342,030
MF1, Ltd., Series 2021-FL6, Class A      
(Floating, ICE LIBOR USD 1M + 1.10%, 1.10% Floor), 1.57%, 07/16/36 144A † 1,300,000   1,284,662
MMAF Equipment Finance LLC, Series 2020-BA, Class A3      
0.49%, 08/14/25 144A 1,360,000   1,315,242
Mosaic Solar Loan Trust, Series 2022-1A, Class A      
2.64%, 01/20/53 144A 226,000   213,626
Navient Private Education Loan Trust, Series 2020-IA, Class A1B      
(Floating, ICE LIBOR USD 1M + 1.00%, 1.00% Floor), 1.40%, 04/15/69 144A † 1,730,929   1,716,035
Navient Private Education Refinancing Loan Trust, Series 2019-CA, Class A2      
3.13%, 02/15/68 144A 218,625   217,406
Navient Private Education Refinancing Loan Trust, Series 2019-EA, Class A2B      
(Floating, ICE LIBOR USD 1M + 0.92%), 1.32%, 05/15/68 144A † 407,710   408,186
Navient Private Education Refinancing Loan Trust, Series 2020-A, Class A2A      
2.46%, 11/15/68 144A 552,451   530,957
Navient Private Education Refinancing Loan Trust, Series 2020-A, Class A2B      
(Floating, ICE LIBOR USD 1M + 0.90%), 1.30%, 11/15/68 144A † 92,075   91,528
Navient Private Education Refinancing Loan Trust, Series 2020-DA, Class A      
1.69%, 05/15/69 144A 800,967   779,927
Navient Private Education Refinancing Loan Trust, Series 2020-FA, Class A      
1.22%, 07/15/69 144A 361,992   353,477
15
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Navient Private Education Refinancing Loan Trust, Series 2020-HA, Class A      
1.31%, 01/15/69 144A $1,246,564   $1,207,733
Navient Private Education Refinancing Loan Trust, Series 2021-A, Class A      
0.84%, 05/15/69 144A 510,978   488,115
Navient Private Education Refinancing Loan Trust, Series 2021-CA, Class A      
1.06%, 10/15/69 144A 1,393,460   1,325,828
Navient Private Education Refinancing Loan Trust, Series 2021-DA, Class A      
(Floating, Prime Rate U.S. - 1.99%), 1.26%, 04/15/60 144A † 511,773   497,085
Navient Private Education Refinancing Loan Trust, Series 2021-FA, Class A      
1.11%, 02/18/70 144A 1,530,053   1,422,623
Navient Private Education Refinancing Loan Trust, Series 2022-A, Class A      
2.23%, 07/15/70 144A 1,750,000   1,696,775
Navient Student Loan Trust, Series 2016-6A, Class A2      
(Floating, ICE LIBOR USD 1M + 0.75%), 1.21%, 03/25/66 144A † 433,946   434,013
Navient Student Loan Trust, Series 2017-2A, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%), 1.51%, 12/27/66 144A † 833,014   836,873
Navient Student Loan Trust, Series 2017-5A, Class A      
(Floating, ICE LIBOR USD 1M + 0.80%), 1.26%, 07/26/66 144A † 829,576   826,848
Navient Student Loan Trust, Series 2018-EA, Class A2      
4.00%, 12/15/59 144A 58,236   58,804
Navient Student Loan Trust, Series 2019-BA, Class A2A      
3.39%, 12/15/59 144A 290,509   290,743
Nelnet Student Loan Trust, Series 2016-1A, Class A      
(Floating, ICE LIBOR USD 1M + 0.80%), 1.26%, 09/25/65 144A † 767,300   763,397
Nelnet Student Loan Trust, Series 2021-A, Class APT2      
1.36%, 04/20/62 144A 736,889   693,148
Nelnet Student Loan Trust, Series 2021-BA, Class AFX      
1.42%, 04/20/62 144A 696,030   651,688
Nelnet Student Loan Trust, Series 2021-CA, Class AFL      
(Floating, ICE LIBOR USD 1M + 0.74%), 1.19%, 04/20/62 144A † 563,372   556,829
    Par   Value
Nelnet Student Loan Trust, Series 2021-DA, Class AFX      
1.63%, 04/20/62 144A $603,029   $570,455
Neuberger Berman CLO XVI-S, Ltd., Series 2017-16SA, Class AR      
(Floating, ICE LIBOR USD 3M + 1.04%, 1.04% Floor), 1.28%, 04/15/34 144A † 1,145,000   1,132,926
Neuberger Berman Loan Advisers CLO 34, Ltd., Series 2019-34A, Class A1R      
(Floating, CME Term SOFR 3M + 1.24%, 1.24% Floor), 1.48%, 01/20/35 144A † 3,550,000   3,554,681
Neuberger Berman Loan Advisers CLO, Ltd., Series 2017-26A, Class AR      
(Floating, ICE LIBOR USD 3M + 0.92%, 0.92% Floor), 1.16%, 10/18/30 144A † 680,000   674,055
NLY Commercial Mortgage Trust, Series 2019-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.30%, 1.30% Floor), 1.70%, 02/15/36 144A † 113,793   113,757
OCP CLO, Ltd., Series 2017-13A, Class A2R      
(Floating, ICE LIBOR USD 3M + 1.55%, 1.55% Floor), 1.79%, 07/15/30 144A † 900,000   893,079
OCP CLO, Ltd., Series 2020-19A, Class BR      
(Floating, ICE LIBOR USD 3M + 1.70%, 1.70% Floor), 1.95%, 10/20/34 144A † 250,000   246,875
Octagon Investment Partners 36, Ltd., Series 2018-1A, Class A1      
(Floating, ICE LIBOR USD 3M + 0.97%), 1.21%, 04/15/31 144A † 500,000   495,307
OHA Credit Funding 2, Ltd., Series 2019-2A , Class AR      
(Floating, ICE LIBOR USD 3M + 1.15%, 1.15% Floor), 1.41%, 04/21/34 144A † 750,000   744,532
OHA Credit Funding 4, Ltd., Series 2019-4A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.15%, 1.15% Floor), 1.41%, 10/22/36 144A † 750,000   741,181
Onemain Financial Issuance Trust, Series 2018-1A, Class A      
3.30%, 03/14/29 144A 27,533   27,539
OZLM Funding IV, Ltd., Series 2013-4A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.25%), 1.51%, 10/22/30 144A † 981,167   976,238
Palmer Square CLO, Ltd., Series 2013-2A, Class A1A3      
(Floating, ICE LIBOR USD 3M + 1.00%, 1.00% Floor), 1.25%, 10/17/31 144A † 250,000   247,790
 
16
    Par   Value
Palmer Square CLO, Ltd., Series 2018-1A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.03%, 1.03% Floor), 1.27%, 04/18/31 144A † $1,550,000   $1,543,352
Palmer Square Loan Funding, Ltd., Series 2020-1A, Class A1      
(Floating, ICE LIBOR USD 3M + 0.80%, 0.80% Floor), 1.28%, 02/20/28 144A † 460,208   457,809
PFS Financing Corp, Series 2020-B, Class A      
1.21%, 06/15/24 144A 1,500,000   1,499,168
PFS Financing Corporation, Series 2019-A, Class A1      
(Floating, ICE LIBOR USD 1M + 0.55%), 0.95%, 04/15/24 144A † 390,000   389,879
PFS Financing Corporation, Series 2019-A, Class A2      
2.86%, 04/15/24 144A 1,500,000   1,499,653
PFS Financing Corporation, Series 2020-F, Class A      
0.93%, 08/15/24 144A 684,000   681,731
PFS Financing Corporation, Series 2020-G, Class A      
0.97%, 02/15/26 144A 330,000   316,571
PFS Financing Corporation, Series 2021-A, Class A      
0.71%, 04/15/26 144A 230,000   218,560
Pretium Mortgage Credit Partners LLC, Series 2021-RN1, Class A1      
(Step to 4.99% on 07/25/24), 1.99%, 02/25/61 144A  STEP 696,792   666,610
Prodigy Finance CM DAC, Series 2021-1A, Class A      
(Floating, ICE LIBOR USD 1M + 1.25%), 1.71%, 07/25/51 144A † 173,502   173,259
Progress Residential Trust, Series 2021-SFR10, Class A      
2.39%, 12/17/40 144A 152,000   142,001
Regional Management Issuance Trust, Series 2020-1, Class A      
2.34%, 10/15/30 144A 110,000   106,700
Regional Management Issuance Trust, Series 2021-2, Class A      
1.90%, 08/15/33 144A 221,000   205,065
Regional Management Issuance Trust, Series 2022-1, Class B      
3.71%, 03/15/32 144A 100,000   97,142
Santander Bank NA, Series 2021-1A, Class B      
1.83%, 12/15/31 144A 516,792   505,865
Santander Drive Auto Receivables Trust, Series 2020-2, Class B      
0.96%, 11/15/24 42,160   42,144
Santander Drive Auto Receivables Trust, Series 2020-2, Class C      
1.46%, 09/15/25 440,000   438,660
    Par   Value
Santander Drive Auto Receivables Trust, Series 2022-2, Class A3      
2.98%, 10/15/26 $1,500,000   $1,494,329
Signal Peak CLO 5, Ltd., Series 2018-5A, Class A      
(Floating, ICE LIBOR USD 3M + 1.11%, 1.11% Floor), 1.37%, 04/25/31 144A † 400,000   397,896
Sixth Street CLO XIX, Ltd., Series 2021-19A, Class A      
(Floating, ICE LIBOR USD 3M + 1.10%, 1.10% Floor), 1.35%, 07/20/34 144A † 1,300,000   1,281,255
SLM Private Credit Student Loan Trust, Series 2004-A, Class A3      
(Floating, ICE LIBOR USD 3M + 0.40%), 1.23%, 06/15/33† 250,642   245,195
SLM Private Credit Student Loan Trust, Series 2007-A, Class A4A      
(Floating, ICE LIBOR USD 3M + 0.24%), 1.07%, 12/16/41† 195,205   189,408
SMB Private Education Loan Trust, Series 2016-A, Class A2B      
(Floating, ICE LIBOR USD 1M + 1.50%), 1.90%, 05/15/31 144A † 390,371   391,344
SMB Private Education Loan Trust, Series 2018-B, Class A2B      
(Floating, ICE LIBOR USD 1M + 0.72%), 1.12%, 01/15/37 144A † 376,729   374,911
SMB Private Education Loan Trust, Series 2020-A, Class A2A      
2.23%, 09/15/37 144A 845,722   816,636
SMB Private Education Loan Trust, Series 2020-A, Class A2B      
(Floating, ICE LIBOR USD 1M + 0.83%), 1.23%, 09/15/37 144A † 84,572   83,736
SMB Private Education Loan Trust, Series 2020-PTA, Class A2B      
(Floating, ICE LIBOR USD 1M + 0.85%), 1.31%, 09/15/54 144A † 2,400,498   2,393,818
SMB Private Education Loan Trust, Series 2021-A, Class APL      
0.00%, 01/15/53 144A 788,545   779,139
SMB Private Education Loan Trust, Series 2021-A, Class B      
2.31%, 01/15/53 144A 160,000   149,583
SMB Private Education Loan Trust, Series 2021-B, Class A      
1.31%, 07/17/51 144A 540,694   514,404
SMB Private Education Loan Trust, Series 2022-A, Class APT      
2.85%, 11/16/54 144A 1,000,000   967,454
SoFi Professional Loan Program LLC, Series 2016-C, Class A2B      
2.36%, 12/27/32 144A 11,177   11,190
17
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
SoFi Professional Loan Program LLC, Series 2016-D, Class A2B      
2.34%, 04/25/33 144A $26,064   $26,063
SoFi Professional Loan Program LLC, Series 2016-F, Class A2      
3.02%, 02/25/40 144A 339,172   338,909
SoFi Professional Loan Program LLC, Series 2019-B, Class A2FX      
3.09%, 08/17/48 144A 109,210   109,242
SoFi Professional Loan Program Trust, Series 2018-C, Class A2FX      
3.59%, 01/25/48 144A 111,812   112,563
SoFi Professional Loan Program Trust, Series 2020-A, Class A2FX      
2.54%, 05/15/46 144A 425,517   419,668
SoFi Professional Loan Program Trust, Series 2021-B, Class AFX      
1.14%, 02/15/47 144A 1,792,666   1,669,604
SoFi Professional Loan Program, Series 2018-B, Class A2FX      
3.34%, 08/25/47 144A 301,287   301,990
Structured Asset Securities Corporation Mortgage Loan Trust, Series 2005-7XS, Class 2A1A      
(Floating, ICE LIBOR USD 1M + 1.50%, 1.50% Floor), 1.73%, 04/25/35† 100,844   101,160
STWD, Ltd., Series 2019-FL1, Class A      
(Floating, CME Term SOFR 1M + 1.19%, 1.08% Floor), 1.50%, 07/15/38 144A † 1,166,140   1,164,136
TCI-Symphony CLO, Ltd., Series 2017-1A, Class AR      
(Floating, ICE LIBOR USD 3M + 0.93%, 0.93% Floor), 1.17%, 07/15/30 144A † 3,100,000   3,076,368
THL Credit Wind River CLO, Ltd., Series 2019-3A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.08%, 1.08% Floor), 1.32%, 04/15/31 144A † 2,950,000   2,923,656
TICP CLO VI, Ltd., Series 2016-6A, Class AR2      
(Floating, ICE LIBOR USD 3M + 1.12%, 1.12% Floor), 1.36%, 01/15/34 144A † 1,000,000   988,103
Towd Point Mortgage Trust, Series 2019-MH1, Class A1      
3.00%, 11/25/58 144A 318,537   318,064
Transportation Finance Equipment Trust, Series 2019-1, Class A3      
1.85%, 04/24/23 144A 174,975   175,165
TRESTLES CLO, Ltd., Series 2017-1A, Class A1R      
(Floating, ICE LIBOR USD 3M + 0.99%, 0.99% Floor), 1.25%, 04/25/32 144A † 550,000   542,249
TRP - TRIP Rail Master Funding LLC, Series 2021-2, Class A      
2.15%, 06/19/51 144A 1,704,929   1,579,411
    Par   Value
TRTX Issuer, Ltd., Series 2019-FL3, Class A      
(Floating, U.S. 30-Day Average SOFR + 1.26%, 1.15% Floor), 1.31%, 10/15/34 144A † $1,391,318   $1,392,990
Venture XVII CLO, Ltd., Series 2014-17A, Class ARR      
(Floating, ICE LIBOR USD 3M + 0.88%), 1.12%, 04/15/27 144A † 267,572   266,095
Verizon Owner Trust, Series 2020-A, Class A1A      
1.85%, 07/22/24 336,650   336,821
Westlake Automobile Receivables Trust, Series 2018-3A, Class D      
4.00%, 10/16/23 144A 75,433   75,727
Westlake Automobile Receivables Trust, Series 2020-1A, Class C      
2.52%, 04/15/25 144A 620,000   621,723
Westlake Automobile Receivables Trust, Series 2020-2A, Class B      
1.32%, 07/15/25 144A 910,000   908,003
Westlake Automobile Receivables Trust, Series 2022-1A, Class A3      
2.42%, 07/15/25 144A 1,750,000   1,738,325
Wingstop Funding LLC, Series 2020-1A, Class A2      
2.84%, 12/05/50 144A 1,044,750   973,478
Total Asset-Backed Securities
(Cost $165,128,616) 		    161,961,037
COMMERCIAL PAPER — 1.7%
American Electric Power Co., Inc.      
1.13%, 05/09/22Ω ††† 3,100,000   3,096,237
Dominion Energy, Inc.      
0.84%, 04/12/22Ω ††† 3,700,000   3,699,005
Enbridge U.S., Inc.      
1.24%, 06/14/22Ω 3,700,000   3,689,748
Engie SA      
0.72%, 04/04/22Ω ††† 3,700,000   3,699,760
WEC Energy Group, Inc.      
0.87%, 04/04/22Ω ††† 3,700,000   3,699,710
Total Commercial Paper
(Cost $17,885,205) 		    17,884,460
CORPORATE BONDS — 19.9%
7-Eleven, Inc.      
0.95%, 02/10/26 144A Δ 1,600,000   1,456,283
AES Corporation (The)      
1.38%, 01/15/26 1,700,000   1,565,484
Air Lease Corporation      
2.63%, 07/01/22 150,000   150,132
2.25%, 01/15/23 1,355,000   1,356,076
2.75%, 01/15/23 175,000   175,575
0.80%, 08/18/24 490,000   461,951
1.88%, 08/15/26 200,000   184,527
Alexander Funding Trust      
1.84%, 11/15/23 144A 1,355,000   1,314,140
 
18
    Par   Value
Ally Financial, Inc.      
1.45%, 10/02/23 $2,135,000   $2,085,978
3.88%, 05/21/24 400,000   404,892
Ameren Corporation      
2.50%, 09/15/24 610,000   602,329
American Electric Power Co., Inc.      
0.75%, 11/01/23 180,000   174,498
2.03%, 03/15/24 360,000   354,012
American International Group, Inc.      
1.88%, 06/21/27(E) 100,000   111,125
American Tower Corporation REIT      
0.60%, 01/15/24Δ 1,300,000   1,246,756
2.40%, 03/15/25 215,000   209,445
1.60%, 04/15/26Δ 570,000   529,086
1.45%, 09/15/26 600,000   548,341
0.45%, 01/15/27(E) 205,000   213,169
0.40%, 02/15/27(E) 300,000   310,267
Aon Corporation      
2.85%, 05/28/27 290,000   284,206
AT&T, Inc.      
(Floating, Australian BBSW 3M + 1.25%), 1.43%, 09/19/23(A) † 1,620,000   1,220,992
Athene Global Funding      
2.80%, 05/26/23 144A 820,000   820,553
1.20%, 10/13/23 144A 725,000   706,516
Aviation Capital Group LLC      
4.38%, 01/30/24 144A 1,000,000   999,238
1.95%, 01/30/26 144A 285,000   262,099
1.95%, 09/20/26 144A 345,000   312,562
Bank of America Corporation      
(Variable, ICE LIBOR USD 3M + 0.79%), 3.00%, 12/20/23^ 330,000   330,958
(Variable, ICE LIBOR USD 3M + 0.78%), 3.55%, 03/05/24^ 185,000   186,144
(Variable, CAD Offered Rate 3M + 0.82%), 3.30%, 04/24/24(C) ^ 2,000,000   1,607,303
(Variable, U.S. SOFR + 0.74%), 0.81%, 10/24/24^ 1,850,000   1,790,847
(Variable, U.S. SOFR + 0.67%), 1.84%, 02/04/25Δ ^ 1,635,000   1,599,336
(Variable, U.S. SOFR + 0.69%), 0.98%, 04/22/25^ 1,555,000   1,491,533
(Variable, U.S. SOFR + 0.65%), 1.53%, 12/06/25^ 1,860,000   1,780,035
(Variable, U.S. SOFR + 1.33%), 3.38%, 04/02/26^ 480,000   479,557
(Variable, U.S. SOFR + 1.15%), 1.32%, 06/19/26^ 429,000   402,523
(Variable, U.S. SOFR + 0.91%), 1.66%, 03/11/27^ 1,000,000   933,126
Becton Dickinson Euro Finance S.a.r.l.      
1.21%, 06/04/26(E) 120,000   131,809
Becton, Dickinson and Co.      
0.03%, 08/13/25(E) 100,000   106,414
Berry Global, Inc.      
0.95%, 02/15/24 1,035,000   991,523
    Par   Value
1.57%, 01/15/26 $1,600,000   $1,492,602
Blackstone Private Credit Fund      
3.25%, 03/15/27 144A Δ 700,000   642,632
4.00%, 01/15/29 144A 320,000   296,576
Blackstone Secured Lending Fund      
3.65%, 07/14/23 985,000   990,924
Boeing Co. (The)      
4.51%, 05/01/23 3,000,000   3,052,499
1.43%, 02/04/24 1,970,000   1,906,562
2.20%, 02/04/26 200,000   189,307
Booking Holdings, Inc.      
0.10%, 03/08/25(E) 160,000   172,376
Brighthouse Financial Global Funding      
1.00%, 04/12/24 144A 330,000   316,288
1.75%, 01/13/25 144A 1,330,000   1,266,955
Broadcom Corporation      
3.88%, 01/15/27 100,000   100,825
Broadcom, Inc.      
4.70%, 04/15/25 25,000   25,965
3.15%, 11/15/25 1,075,000   1,067,663
Brunswick Corporation      
0.85%, 08/18/24 1,045,000   988,741
Calpine Corporation      
5.25%, 06/01/26 144A Δ 67,000   67,423
Cantor Fitzgerald LP      
6.50%, 06/17/22 144A 750,000   756,591
4.88%, 05/01/24 144A 300,000   309,454
CCO Holdings LLC      
5.13%, 05/01/27 144A Δ 400,000   401,120
CDK Global, Inc.      
4.88%, 06/01/27 125,000   126,209
CDW LLC      
5.50%, 12/01/24 275,000   284,941
CenterPoint Energy Resources Corporation      
0.70%, 03/02/23 805,000   793,583
(Floating, ICE LIBOR USD 3M + 0.50%), 1.00%, 03/02/23† 172,000   171,506
Charles Schwab Corporation (The)      
2.45%, 03/03/27 300,000   291,749
Charter Communications Operating LLC      
4.46%, 07/23/22 500,000   501,869
4.50%, 02/01/24 2,700,000   2,763,398
Cheniere Corpus Christi Holdings LLC      
5.88%, 03/31/25 630,000   665,345
Citigroup, Inc.      
(Floating, ICE LIBOR USD 3M + 1.02%), 1.55%, 06/01/24† 1,000,000   1,005,653
(Variable, U.S. SOFR + 1.53%), 3.29%, 03/17/26^ 1,325,000   1,321,464
(Variable, U.S. SOFR + 2.84%), 3.11%, 04/08/26^ 525,000   520,912
(Variable, U.S. SOFR + 0.77%), 1.46%, 06/09/27^ 1,365,000   1,255,535
19
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Citrix Systems, Inc.      
1.25%, 03/01/26 $600,000   $584,082
CNH Industrial Capital LLC      
1.95%, 07/02/23 590,000   584,172
CommonSpirit Health      
1.55%, 10/01/25 800,000   751,038
ConocoPhillips Co.      
2.40%, 03/07/25 1,300,000   1,285,933
Corebridge Financial, Inc.      
3.50%, 04/04/25 144A 2,000,000   2,000,000
3.65%, 04/05/27 144A 600,000   599,160
Crown Americas LLC      
4.75%, 02/01/26 150,000   151,817
Crown Castle International Corporation REIT      
1.35%, 07/15/25 335,000   312,681
CrownRock LP      
5.63%, 10/15/25 144A 500,000   510,150
CVS Health Corporation      
4.10%, 03/25/25 210,000   215,417
Daimler Finance North America LLC      
2.55%, 08/15/22 144A Δ 1,000,000   1,003,653
0.75%, 03/01/24 144A Δ 1,790,000   1,718,800
Daimler Trucks Finance North America LLC      
1.13%, 12/14/23 144A 1,640,000   1,591,321
1.63%, 12/13/24 144A 590,000   563,855
2.00%, 12/14/26 144A 150,000   139,896
Dell International LLC      
5.45%, 06/15/23 316,000   325,709
4.00%, 07/15/24 380,000   388,502
Devon Energy Corporation      
5.25%, 09/15/24 915,000   956,790
Discover Bank      
3.35%, 02/06/23 1,590,000   1,605,910
Endeavor Energy Resources LP      
6.63%, 07/15/25 144A Δ 150,000   155,872
Energy Transfer LP      
3.60%, 02/01/23 105,000   105,637
4.25%, 03/15/23 1,880,000   1,901,195
2.90%, 05/15/25 260,000   254,591
EQM Midstream Partners LP      
6.50%, 07/01/27 144A 330,000   345,211
Equinix, Inc. REIT      
2.63%, 11/18/24 985,000   971,756
1.25%, 07/15/25Δ 345,000   322,022
1.45%, 05/15/26Δ 570,000   523,704
Equitable Financial Life Global Funding      
1.00%, 01/09/26 144A 1,600,000   1,471,036
Evergy, Inc.      
2.45%, 09/15/24 1,020,000   1,001,659
Eversource Energy      
2.90%, 03/01/27 400,000   392,630
Exelon Corporation      
2.75%, 03/15/27 144A Δ 150,000   146,416
F&G Global Funding      
0.90%, 09/20/24 144A 1,860,000   1,755,010
    Par   Value
Fidelity National Information Services, Inc.      
0.13%, 12/03/22(E) $300,000   $332,298
0.60%, 03/01/24 445,000   426,321
First-Citizens Bank & Trust Co.      
(Variable, U.S. SOFR + 1.72%), 2.97%, 09/27/25^ 440,000   436,200
FirstEnergy Corporation      
3.35%, 07/15/22 2,357,000   2,359,887
4.40%, 07/15/27 235,000   236,895
Fiserv, Inc.      
3.20%, 07/01/26 395,000   393,525
Ford Motor Credit Co. LLC      
3.55%, 10/07/22 200,000   200,350
3.09%, 01/09/23 2,900,000   2,906,887
4.14%, 02/15/23 945,000   952,683
3.10%, 05/04/23 600,000   600,000
3.37%, 11/17/23 750,000   749,700
5.58%, 03/18/24 300,000   308,883
2.30%, 02/10/25 1,300,000   1,235,439
5.13%, 06/16/25 640,000   653,581
FS KKR Capital Corporation      
4.75%, 05/15/22 1,000,000   1,000,656
4.25%, 02/14/25 144A Δ 880,000   866,575
GA Global Funding Trust      
1.63%, 01/15/26 144A 400,000   372,455
General Mills, Inc.      
0.45%, 01/15/26(E) 100,000   107,246
General Motors Co.      
5.40%, 10/02/23 230,000   238,076
General Motors Financial Co., Inc.      
1.05%, 03/08/24 675,000   650,072
3.95%, 04/13/24 925,000   939,983
1.20%, 10/15/24 900,000   855,181
0.85%, 02/26/26(E) 300,000   317,013
1.50%, 06/10/26Δ 500,000   457,563
2.35%, 02/26/27Δ 600,000   560,527
Glencore Funding LLC      
4.63%, 04/29/24 144A 1,800,000   1,844,198
Global Payments, Inc.      
1.20%, 03/01/26Δ 2,000,000   1,845,219
Goldman Sachs Group, Inc. (The)      
1.38%, 07/26/22(E) 220,000   244,619
(Floating, 0.55% - Euribor 3M), 0.00%, 04/21/23(E) † 210,000   232,367
(Floating, Australian BBSW 3M + 1.20%), 1.28%, 05/16/23(A) † 2,000,000   1,503,619
(Variable, ICE LIBOR USD 3M + 1.05%), 2.91%, 06/05/23^ 920,000   920,991
(Variable, U.S. SOFR + 0.57%), 0.67%, 03/08/24^ 1,830,000   1,792,012
3.00%, 03/15/24 875,000   874,331
(Variable, U.S. SOFR + 0.51%), 0.66%, 09/10/24^ 215,000   208,057
(Variable, U.S. SOFR + 0.49%), 0.93%, 10/21/24^ 1,900,000   1,842,716
3.50%, 04/01/25 380,000   383,066
(Variable, U.S. SOFR + 0.61%), 0.86%, 02/12/26^ 810,000   755,408
 
20
    Par   Value
(Variable, U.S. SOFR + 1.11%), 2.64%, 02/24/28^ $540,000   $516,889
(Variable, U.S. SOFR + 1.85%), 3.62%, 03/15/28^ 265,000   264,959
Golub Capital BDC, Inc.      
3.38%, 04/15/24 575,000   566,450
Graphic Packaging International LLC      
0.82%, 04/15/24 144A 735,000   699,106
Gray Oak Pipeline LLC      
2.00%, 09/15/23 144A 905,000   892,174
HCA, Inc.      
5.00%, 03/15/24 1,400,000   1,451,897
5.38%, 02/01/25 525,000   546,916
5.88%, 02/15/26 295,000   314,084
Healthpeak Properties, Inc. REIT      
1.35%, 02/01/27 145,000   133,309
Hilton Domestic Operating Co., Inc.      
5.38%, 05/01/25 144A 500,000   512,200
Home Depot, Inc. (The)      
2.88%, 04/15/27 180,000   179,454
Humana, Inc.      
2.90%, 12/15/22 1,700,000   1,712,384
Huntington Ingalls Industries, Inc.      
0.67%, 08/16/23 144A 510,000   495,128
Hyundai Capital America      
1.15%, 11/10/22 144A Δ 3,840,000   3,814,570
1.25%, 09/18/23 144A 900,000   875,965
1.00%, 09/17/24 144A 855,000   804,892
1.65%, 09/17/26 144A 360,000   328,685
Illinois Tool Works, Inc.      
0.25%, 12/05/24(E) 180,000   196,889
Infor, Inc.      
1.45%, 07/15/23 144A 365,000   357,810
International Business Machines Corporation      
2.20%, 02/09/27Δ 130,000   125,708
International Flavors & Fragrances, Inc.      
1.23%, 10/01/25 144A 2,695,000   2,497,927
International Lease Finance Corporation      
5.88%, 08/15/22 500,000   506,213
IQVIA, Inc.      
5.00%, 05/15/27 144A Δ 200,000   202,452
iStar, Inc. REIT      
4.75%, 10/01/24 150,000   151,479
JPMorgan Chase & Co.      
(Variable, ICE LIBOR USD 3M + 0.89%), 3.80%, 07/23/24^ 374,000   378,384
1.50%, 01/27/25(E) 120,000   135,052
(Variable, U.S. SOFR + 0.42%), 0.56%, 02/16/25^ 790,000   755,498
(Variable, CME Term SOFR 3M + 0.58%), 0.97%, 06/23/25^ 1,000,000   955,563
(Variable, U.S. SOFR + 1.16%), 2.30%, 10/15/25^ 290,000   284,211
(Variable, U.S. SOFR + 0.92%), 2.60%, 02/24/26^ 1,600,000   1,570,273
(Variable, U.S. SOFR + 1.85%), 2.08%, 04/22/26^ 376,000   363,119
    Par   Value
(Variable, U.S. SOFR + 0.89%), 1.58%, 04/22/27^ $850,000   $792,524
Kinder Morgan, Inc.      
(Floating, ICE LIBOR USD 3M + 1.28%), 1.52%, 01/15/23† 660,000   663,977
Kraft Heinz Foods Co.      
(Floating, ICE LIBOR USD 3M + 0.82%), 1.19%, 08/10/22† 400,000   399,642
3.88%, 05/15/27Δ 809,000   822,850
Lehman Brothers Holdings, Inc.      
6.63%, 01/18/12# 600,000   3,120
Lennar Corporation      
4.50%, 04/30/24 1,000,000   1,025,820
Level 3 Financing, Inc.      
5.25%, 03/15/26 250,000   250,826
Live Nation Entertainment, Inc.      
6.50%, 05/15/27 144A 125,000   133,259
Lowe's Cos., Inc.      
3.35%, 04/01/27 430,000   433,000
Lumen Technologies, Inc.      
5.13%, 12/15/26 144A 615,000   586,882
4.00%, 02/15/27 144A 300,000   279,891
Magallanes, Inc.      
3.43%, 03/15/24 144A 665,000   669,116
3.64%, 03/15/25 144A 300,000   302,143
3.79%, 03/15/25 144A 600,000   600,248
Marathon Petroleum Corporation      
4.70%, 05/01/25 130,000   135,240
MassMutual Global Funding II      
2.80%, 03/21/25 144A 814,000   813,141
McCormick & Co., Inc.      
2.70%, 08/15/22 200,000   200,625
McDonald’s Corporation      
(Floating, Australian BBSW 3M + 1.13%), 1.27%, 03/08/24(A) † 2,000,000   1,506,769
Medtronic Global Holdings SCA      
0.00%, 12/02/22(E) 255,000   282,479
0.00%, 10/15/25(E) 100,000   106,852
Metropolitan Life Global Funding I      
2.80%, 03/21/25 144A 765,000   759,628
Microchip Technology, Inc.      
2.67%, 09/01/23 745,000   742,901
0.97%, 02/15/24 1,380,000   1,323,537
4.25%, 09/01/25 250,000   253,222
MMS U.S.A. Holdings, Inc.      
0.63%, 06/13/25(E) 100,000   108,780
Morgan Stanley      
(Variable, U.S. SOFR + 0.46%), 0.53%, 01/25/24^ 900,000   885,715
1.75%, 03/11/24(E) 205,000   231,467
(Variable, U.S. SOFR + 0.62%), 0.73%, 04/05/24^ 70,000   68,595
(Variable, ICE LIBOR USD 3M + 0.85%), 3.74%, 04/24/24^ 955,000   964,995
(Variable, U.S. SOFR + 0.51%), 0.79%, 01/22/25^ 2,815,000   2,704,073
(Variable, U.S. SOFR + 1.15%), 2.72%, 07/22/25^ 790,000   782,489
21
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
(Variable, U.S. SOFR + 0.75%), 0.86%, 10/21/25^ $525,000   $494,828
(Variable, U.S. SOFR + 0.56%), 1.16%, 10/21/25^ 3,060,000   2,909,509
(Variable, U.S. SOFR + 1.00%), 2.48%, 01/21/28^ 515,000   491,729
MUFG Union Bank NA      
2.10%, 12/09/22 1,000,000   1,001,688
Mylan, Inc.      
3.13%, 01/15/23 144A 1,700,000   1,707,367
National Grid North America, Inc.      
0.41%, 01/20/26(E) 100,000   107,020
New Fortress Energy, Inc.      
6.50%, 09/30/26 144A 360,000   357,109
NextEra Energy Capital Holdings, Inc.      
1.88%, 01/15/27Δ 412,000   387,067
NextEra Energy Operating Partners LP      
4.25%, 07/15/24 144A 405,000   410,476
Nissan Motor Acceptance Co. LLC      
(Floating, ICE LIBOR USD 3M + 0.69%), 1.66%, 09/28/22 144A † 300,000   299,433
3.45%, 03/15/23 144A 1,350,000   1,356,671
1.13%, 09/16/24 144A Δ 675,000   631,862
Nordstrom, Inc.      
2.30%, 04/08/24 250,000   247,340
NRG Energy, Inc.      
6.63%, 01/15/27 44,000   45,399
Nuance Communications, Inc.      
5.63%, 12/15/26 125,000   128,516
OGE Energy Corporation      
0.70%, 05/26/23 380,000   372,424
ONE Gas, Inc.      
0.85%, 03/11/23 780,000   769,754
1.10%, 03/11/24 1,835,000   1,771,274
OneMain Finance Corporation      
5.63%, 03/15/23Δ 435,000   443,613
Oracle Corporation      
2.95%, 11/15/24Δ 2,000,000   1,989,667
Owl Rock Capital Corporation      
4.25%, 01/15/26 510,000   497,684
Owl Rock Technology Finance Corporation      
3.75%, 06/17/26 144A 345,000   330,332
Pacific Gas and Electric Co.      
1.75%, 06/16/22 3,100,000   3,096,805
(Floating, ICE LIBOR USD 3M + 1.48%), 2.36%, 06/16/22† 1,100,000   1,099,847
1.37%, 03/10/23 1,835,000   1,803,612
3.25%, 06/15/23 100,000   99,880
4.25%, 08/01/23 200,000   202,041
3.85%, 11/15/23 100,000   100,549
3.75%, 02/15/24 200,000   200,802
3.45%, 07/01/25 146,000   142,576
2.10%, 08/01/27 600,000   540,134
PeaceHealth Obligated Group      
1.38%, 11/15/25 104,000   98,127
    Par   Value
Penske Truck Leasing Co. LP      
3.45%, 07/01/24 144A $1,500,000   $1,504,230
2.70%, 11/01/24 144A 1,105,000   1,089,354
1.20%, 11/15/25 144A 295,000   271,108
1.70%, 06/15/26 144A Δ 430,000   399,600
PerkinElmer, Inc.      
0.85%, 09/15/24 305,000   289,607
Phillips 66      
0.90%, 02/15/24 585,000   566,479
Pioneer Natural Resources Co.      
1.13%, 01/15/26 280,000   260,018
Prime Security Services Borrower LLC      
5.25%, 04/15/24 144A 250,000   256,343
PulteGroup, Inc.      
5.00%, 01/15/27Δ 64,000   67,505
Qorvo, Inc.      
1.75%, 12/15/24 144A Δ 620,000   592,131
Quanta Services, Inc.      
0.95%, 10/01/24 385,000   365,347
Ryder System, Inc.      
2.85%, 03/01/27 325,000   315,694
S&P Global, Inc.      
2.45%, 03/01/27 144A Δ 235,000   228,944
Sabine Pass Liquefaction LLC      
5.75%, 05/15/24 1,048,000   1,097,372
SBA Tower Trust REIT      
2.84%, 01/15/25 144A 3,225,000   3,174,333
1.88%, 01/15/26 144A 680,000   642,089
1.63%, 11/15/26 144A 800,000   752,297
Sempra Energy      
3.30%, 04/01/25 290,000   290,668
Simon International Finance SCA REIT      
1.38%, 11/18/22(E) 105,000   116,849
Sirius XM Radio, Inc.      
3.13%, 09/01/26 144A 600,000   568,082
SK Battery America, Inc.      
2.13%, 01/26/26 200,000   185,074
Skyworks Solutions, Inc.      
0.90%, 06/01/23 125,000   122,263
Sonoco Products Co.      
1.80%, 02/01/25 1,840,000   1,765,108
2.25%, 02/01/27 320,000   303,513
Southwest Airlines Co.      
4.75%, 05/04/23 675,000   689,464
Sprint Corporation      
7.88%, 09/15/23 665,000   707,390
Sprint Spectrum Co. LLC      
4.74%, 03/20/25 144A 333,750   340,903
Steel Dynamics, Inc.      
2.40%, 06/15/25 35,000   33,879
Stellantis Finance U.S., Inc.      
1.71%, 01/29/27 144A 1,000,000   913,083
Synchrony Financial      
2.85%, 07/25/22 232,000   232,665
4.50%, 07/23/25 410,000   418,671
 
22
    Par   Value
TerraForm Power Operating LLC      
4.25%, 01/31/23 144A $150,000   $149,789
T-Mobile U.S.A., Inc.      
1.50%, 02/15/26 3,352,000   3,130,948
2.25%, 02/15/26Δ 205,000   193,397
2.63%, 04/15/26 84,000   80,339
3.75%, 04/15/27 600,000   604,513
Toll Brothers Finance Corporation      
4.38%, 04/15/23 200,000   202,106
Truist Financial Corporation      
2.20%, 03/16/23 1,185,000   1,187,327
U.S. Bancorp      
(Variable, U.S. SOFR + 0.73%), 2.22%, 01/27/28Δ ^ 400,000   382,531
United Airlines Pass-Through Trust, Series 2020-1, Class A      
5.88%, 10/15/27 205,642   213,201
United Airlines Pass-Through Trust, Series 2020-1, Class B      
4.88%, 01/15/26 38,880   38,288
Ventas Realty LP REIT      
2.65%, 01/15/25 695,000   682,513
Verizon Communications, Inc.      
2.10%, 03/22/28 1,120,000   1,046,140
1.75%, 01/20/31 220,000   192,117
Viasat, Inc.      
5.63%, 04/15/27 144A 475,000   468,737
Vistra Operations Co. LLC      
3.55%, 07/15/24 144A 900,000   892,133
5.63%, 02/15/27 144A Δ 250,000   250,075
VMware, Inc.      
1.00%, 08/15/24 1,691,000   1,613,749
1.40%, 08/15/26 430,000   395,398
Volkswagen Group of America Finance LLC      
2.90%, 05/13/22 144A 230,000   230,305
2.70%, 09/26/22 144A 2,000,000   2,008,636
0.88%, 11/22/23 144A 1,305,000   1,261,000
Wells Fargo & Co.      
(Variable, U.S. SOFR + 0.51%), 0.81%, 05/19/25^ 405,000   386,935
(Variable, U.S. SOFR + 1.51%), 3.53%, 03/24/28^ 330,000   329,601
WESCO Distribution, Inc.      
7.13%, 06/15/25 144A 520,000   541,533
Western Midstream Operating LP      
4.65%, 07/01/26 160,000   164,202
Westinghouse Air Brake Technologies Corporation      
4.40%, 03/15/24Δ 800,000   815,308
3.20%, 06/15/25 325,000   317,638
Workday, Inc.      
3.50%, 04/01/27 170,000   170,072
Yum! Brands, Inc.      
7.75%, 04/01/25 144A 430,000   446,663
Zimmer Biomet Holdings, Inc.      
1.45%, 11/22/24 1,075,000   1,032,017
Total Corporate Bonds
(Cost $218,401,394) 		    212,424,086
    Par   Value
FOREIGN BONDS — 16.1%
Australia — 0.5%    
Macquarie Group, Ltd.      
(Variable, U.S. SOFR + 0.69%), 1.20%, 10/14/25 144A ^ $800,000   $756,799
NBN Co., Ltd.      
0.88%, 10/08/24 144A 880,000   833,501
Santos Finance, Ltd.      
4.13%, 09/14/27 200,000   199,708
Transurban Queensland Finance Pty., Ltd.      
(Floating, Australian BBSW 3M + 2.05%), 2.20%, 12/16/24(A) † 720,000   555,106
Westpac Banking Corporation      
3.15%, 01/16/24 144A 1,275,000   1,287,582
Woodside Finance, Ltd.      
3.65%, 03/05/25 144A 1,500,000   1,505,539
3.70%, 09/15/26 144A 400,000   401,190
        5,539,425
Austria — 0.0%    
Klabin Austria GmbH      
3.20%, 01/12/31 144A 200,000   174,678
Suzano Austria GmbH      
3.13%, 01/15/32 45,000   39,942
        214,620
Belgium — 0.1%    
KBC Group NV      
1.13%, 01/25/24(E) Δ 200,000   224,037
(Variable, Euribor 3M + 0.90%), 1.50%, 03/29/26(E) ^ 100,000   111,102
(Variable, 1.10% - EUR Swap Rate 5Y), 0.50%, 12/03/29(E) ^ 300,000   318,999
        654,138
Bermuda — 0.1%    
Triton Container International, Ltd.      
0.80%, 08/01/23 144A 630,000   611,486
Brazil — 0.3%    
Banco Bradesco SA      
2.85%, 01/27/23 144A 1,495,000   1,502,654
Brazilian Government International Bond      
3.88%, 06/12/30 288,000   266,011
Itau Unibanco Holding SA      
2.90%, 01/24/23 144A 920,000   923,800
Nexa Resources SA      
5.38%, 05/04/27 144A 200,000   203,372
        2,895,837
Canada — 1.0%    
1011778 BC ULC      
5.75%, 04/15/25 144A Δ 200,000   206,014
Canadian Pacific Railway Co.      
1.75%, 12/02/26Δ 205,000   193,427
CDP Financial, Inc.      
1.00%, 05/26/26 144A 520,000   485,986
23
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
CPPIB Capital, Inc.      
0.50%, 09/16/24 144A Δ $1,265,000   $1,205,861
Element Fleet Management Corporation      
1.60%, 04/06/24 144A Δ 315,000   304,015
Enbridge, Inc.      
2.50%, 02/14/25 600,000   587,128
GFL Environmental, Inc.      
3.75%, 08/01/25 144A Δ 175,000   172,054
5.13%, 12/15/26 144A 400,000   403,936
National Bank of Canada      
0.75%, 08/06/24Δ 1,485,000   1,408,883
OMERS Finance Trust      
1.13%, 04/14/23 144A 1,770,000   1,755,349
1.10%, 03/26/26 144A 675,000   632,915
Rogers Communications, Inc.      
2.95%, 03/15/25 144A 2,030,000   2,017,499
Toronto-Dominion Bank (The)      
0.38%, 04/25/24(E) 305,000   335,321
TransCanada PipeLines, Ltd.      
1.00%, 10/12/24 1,000,000   950,938
        10,659,326
Chile — 0.0%    
Chile Government International Bond      
2.45%, 01/31/31Δ 237,000   222,550
China — 0.4%    
AAC Technologies Holdings, Inc.      
2.63%, 06/02/26 200,000   180,155
Avolon Holdings Funding, Ltd.      
5.50%, 01/15/23 144A 900,000   910,520
Azure Nova International Finance, Ltd.      
4.25%, 03/21/27 200,000   203,915
Baidu, Inc.      
2.88%, 07/06/22Δ 235,000   235,031
CDBL Funding 1      
3.50%, 10/24/27 200,000   197,384
China Life Insurance Overseas Co., Ltd.      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.53%), 3.35%, 07/27/27^ 200,000   199,706
China Mengniu Dairy Co., Ltd.      
1.88%, 06/17/25 200,000   189,119
Longfor Group Holdings, Ltd.      
3.90%, 04/16/23 200,000   201,000
Park Aerospace Holdings, Ltd.      
5.25%, 08/15/22 144A 700,000   704,616
4.50%, 03/15/23 144A 1,000,000   1,007,596
Sino-Ocean Land Treasure Finance II, Ltd.      
5.95%, 02/04/27 200,000   151,500
Sinopec Group Overseas Development 2017, Ltd.      
3.63%, 04/12/27 200,000   201,488
Weibo Corporation      
3.50%, 07/05/24Δ 200,000   195,403
        4,577,433
    Par   Value
Colombia — 0.1%    
Colombia Government International Bond      
3.88%, 04/25/27 $270,000   $259,384
4.50%, 03/15/29 259,000   251,100
Ecopetrol SA      
5.38%, 06/26/26 200,000   202,639
4.63%, 11/02/31 60,000   54,384
Millicom International Cellular SA      
4.50%, 04/27/31 144A Δ 200,000   186,516
SURA Asset Management SA      
4.88%, 04/17/24 144A 100,000   101,676
        1,055,699
Denmark — 0.4%    
Danske Bank A/S      
3.88%, 09/12/23 144A 400,000   403,923
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.03%), 1.17%, 12/08/23 144A ^ 2,400,000   2,369,919
5.38%, 01/12/24 144A 600,000   618,893
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.55%), 0.98%, 09/10/25 144A ^ 200,000   187,598
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.35%), 1.62%, 09/11/26 144A ^ 540,000   499,953
        4,080,286
Dominican Republic — 0.0%    
Dominican Republic International Bond      
4.88%, 09/23/32 144A 150,000   136,127
6.40%, 06/05/49 150,000   140,814
        276,941
Finland — 0.1%    
CRH Finland Services OYJ      
0.88%, 11/05/23(E) 180,000   200,020
Nordea Bank Abp      
1.50%, 09/30/26 144A 700,000   643,426
        843,446
France — 0.7%    
Banque Federative du Credit Mutuel SA      
0.75%, 06/15/23(E) 100,000   111,588
0.65%, 02/27/24 144A 1,140,000   1,091,681
1.00%, 02/04/25 144A 1,865,000   1,748,562
BPCE SA      
0.63%, 04/28/25(E) 100,000   109,792
Capgemini SE      
0.63%, 06/23/25(E) 200,000   218,245
Credit Agricole SA      
(Variable, U.S. SOFR + 0.89%), 1.25%, 01/26/27 144A ^ 250,000   227,732
Electricite de France SA      
3.63%, 10/13/25 144A 500,000   501,535
 
24
    Par   Value
Engie SA      
0.38%, 02/28/23(E) $200,000   $221,878
PSA Banque France SA      
0.00%, 01/22/25(E) 100,000   106,836
Societe Generale SA      
2.63%, 01/22/25 144A 2,800,000   2,711,232
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.10%), 1.49%, 12/14/26 144A ^ 200,000   181,047
(Variable, EUR Swap Rate 5Y + 0.90%), 1.38%, 02/23/28(E) ^ 400,000   443,065
        7,673,193
Germany — 0.3%    
Amphenol Technologies Holding GmbH      
0.75%, 05/04/26(E) 120,000   130,074
Commerzbank AG      
(Variable, 1.30% - Euribor 3M), 0.75%, 03/24/26(E) ^ 100,000   108,364
Deutsche Bank AG      
(Variable, U.S. SOFR + 1.13%), 1.45%, 04/01/25^ 150,000   143,368
(Variable, 1.60% - Euribor 3M), 1.00%, 11/19/25(E) ^ 100,000   108,549
(Variable, U.S. SOFR + 1.32%), 2.55%, 01/07/28^ 650,000   600,703
(Variable, Euribor 3M + 1.38%), 1.88%, 02/23/28(E) ^ 200,000   218,206
E.ON SE      
0.00%, 10/24/22(E) 240,000   265,622
0.88%, 01/08/25(E) 50,000   55,193
KION Group AG      
1.63%, 09/24/25(E) 100,000   110,678
Traton Finance Luxembourg SA      
0.00%, 06/14/24(E) 100,000   108,234
0.13%, 11/10/24(E) 100,000   107,493
0.13%, 03/24/25(E) 200,000   213,566
Volkswagen Bank GmbH      
0.38%, 07/05/22(E) 300,000   332,290
1.88%, 01/31/24(E) 300,000   338,100
2.50%, 07/31/26(E) 100,000   113,367
Volkswagen Financial Services AG      
0.88%, 01/31/28(E) 120,000   124,052
Volkswagen Leasing GmbH      
1.00%, 02/16/23(E) 260,000   289,753
0.38%, 07/20/26(E) 60,000   62,497
Vonovia SE      
0.00%, 09/16/24(E) Δ 100,000   107,779
1.38%, 01/28/26(E) 100,000   109,970
        3,647,858
Hong Kong — 0.0%    
CMB International Leasing Management, Ltd.      
1.25%, 09/16/24 200,000   190,005
India — 0.1%    
Adani Transmission, Ltd.      
4.00%, 08/03/26 200,000   194,094
    Par   Value
Indian Railway Finance Corporation, Ltd.      
3.73%, 03/29/24 $200,000   $201,179
NTPC, Ltd.      
3.75%, 04/03/24 200,000   200,297
REC, Ltd.      
3.88%, 07/07/27 200,000   196,537
Shriram Transport Finance Co., Ltd.      
5.10%, 07/16/23 144A 275,000   275,741
        1,067,848
Indonesia — 0.2%    
Indonesia Government International Bond      
4.75%, 02/11/29 246,000   272,518
Pelabuhan Indonesia II PT      
4.25%, 05/05/25 200,000   203,346
Pelabuhan Indonesia III Persero PT      
4.50%, 05/02/23 144A 1,175,000   1,193,213
Pertamina Persero PT      
1.40%, 02/09/26Δ 200,000   185,464
3.10%, 08/27/30 200,000   189,500
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara      
4.13%, 05/15/27 200,000   202,460
        2,246,501
Ireland — 0.9%    
AerCap Ireland Capital DAC      
3.30%, 01/23/23 155,000   155,518
4.50%, 09/15/23 1,000,000   1,008,049
1.15%, 10/29/23 1,330,000   1,273,856
2.88%, 08/14/24Δ 150,000   145,997
1.65%, 10/29/24 2,585,000   2,443,461
3.50%, 01/15/25 350,000   344,188
2.45%, 10/29/26 405,000   375,176
Ardagh Packaging Finance PLC      
5.25%, 04/30/25 144A 250,000   250,095
ESB Finance DAC      
3.49%, 01/12/24(E) 100,000   116,473
Fresenius Finance Ireland PLC      
0.00%, 10/01/25(E) 100,000   105,749
SMBC Aviation Capital Finance DAC      
3.00%, 07/15/22 144A 540,000   540,818
4.13%, 07/15/23 144A 1,800,000   1,805,971
3.55%, 04/15/24 144A 800,000   796,767
        9,362,118
Italy — 0.1%    
ACEA SpA      
0.00%, 09/28/25(E) 100,000   106,671
ASTM SpA      
1.00%, 11/25/26(E) 170,000   180,036
FCA Bank SpA      
0.50%, 09/18/23(E) 110,000   121,760
0.00%, 04/16/24(E) 100,000   108,619
Snam SpA      
0.00%, 08/15/25(E) 100,000   106,490
25
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Telecom Italia SpA      
5.30%, 05/30/24 144A $200,000   $201,755
UniCredit SpA      
6.95%, 10/31/22(E) 225,000   257,739
        1,083,070
Japan — 3.9%    
Japan Treasury Discount Bills      
0.00%, 06/20/22(J) Ω 1,992,000,000   16,366,229
Mitsubishi UFJ Financial Group, Inc.      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.55%), 0.95%, 07/19/25^ 1,880,000   1,783,533
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.45%), 0.96%, 10/11/25^ 3,185,000   3,004,900
Mizuho Financial Group, Inc.      
(Floating, Australian BBSW 3M + 1.40%), 1.47%, 07/19/23(A) † 3,100,000   2,338,188
0.52%, 06/10/24(E) 100,000   110,301
(Floating, ICE LIBOR USD 3M + 0.99%), 1.23%, 07/10/24† 1,000,000   1,004,626
(Variable, 1.25% - U.S. SOFR), 1.24%, 07/10/24^ 520,000   509,099
Nissan Motor Co., Ltd.      
3.04%, 09/15/23 144A 3,485,000   3,478,986
3.52%, 09/17/25 144A 600,000   588,765
2.65%, 03/17/26(E) 110,000   122,793
4.35%, 09/17/27 144A 215,000   212,254
Nomura Holdings, Inc.      
1.85%, 07/16/25 2,700,000   2,551,558
2.33%, 01/22/27 600,000   562,209
Renesas Electronics Corporation      
1.54%, 11/26/24 144A Δ 1,245,000   1,186,597
Sumitomo Mitsui Financial Group, Inc.      
0.51%, 01/12/24Δ 1,600,000   1,539,558
(Floating, Australian BBSW 3M + 1.25%), 1.32%, 10/16/24(A) † 1,000,000   754,677
1.47%, 07/08/25 1,100,000   1,036,193
Sumitomo Mitsui Trust Bank, Ltd.      
0.80%, 09/16/24 144A 3,500,000   3,306,428
2.55%, 03/10/25 144A Δ 1,000,000   979,217
        41,436,111
Jersey — 0.1%    
Aptiv PLC      
2.40%, 02/18/25 955,000   931,265
Heathrow Funding, Ltd.      
1.50%, 10/12/25(E) 185,000   204,735
        1,136,000
Mexico — 0.1%    
Industrias Penoles SAB de CV      
4.75%, 08/06/50 144A 200,000   182,614
Mexico City Airport Trust      
4.25%, 10/31/26 144A 200,000   198,100
Mexico Government International Bond      
4.75%, 04/27/32Δ 295,000   313,187
    Par   Value
Petroleos Mexicanos      
6.88%, 08/04/26 $119,000   $124,639
5.95%, 01/28/31Δ 174,000   160,854
6.70%, 02/16/32 144A 185,000   175,942
        1,155,336
Morocco & Antilles — 0.0%    
Morocco Government International Bond      
3.00%, 12/15/32 144A 200,000   173,750
4.00%, 12/15/50 144A 200,000   160,880
        334,630
Netherlands — 1.1%    
American Medical Systems Europe BV      
1.38%, 03/08/28(E) 160,000   173,422
BMW Finance NV      
0.00%, 04/14/23(E) 290,000   321,191
Conti-Gummi Finance BV      
1.13%, 09/25/24(E) 110,000   121,962
Cooperatieve Rabobank UA      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.73%), 1.98%, 12/15/27 144A Δ ^ 1,000,000   929,352
Digital Dutch Finco BV REIT      
0.63%, 07/15/25(E) 300,000   321,309
E.ON International Finance BV      
0.75%, 11/30/22(E) 50,000   55,513
Enel Finance International NV      
0.00%, 06/17/24(E) Δ 200,000   217,518
2.65%, 09/10/24 500,000   492,914
1.38%, 07/12/26 144A 370,000   340,158
Equate Petrochemical BV      
4.25%, 11/03/26 200,000   203,125
Heimstaden Bostad Treasury BV      
0.25%, 10/13/24(E) 110,000   118,194
IMCD NV      
2.13%, 03/31/27(E) 110,000   121,853
ING Bank NV      
(Floating, 0.40% - Euribor 3M), 0.00%, 04/08/22(E) † 200,000   221,263
ING Groep NV      
1.00%, 09/20/23(E) 200,000   223,907
(Variable, 0.60% - Euribor 3M), 0.10%, 09/03/25(E) ^ 100,000   107,889
(Variable, U.S. SOFR + 1.64%), 3.87%, 03/28/26^ 800,000   804,407
JDE Peet's NV      
0.80%, 09/24/24 144A 430,000   403,863
LeasePlan Corporation NV      
2.88%, 10/24/24 144A 1,900,000   1,857,676
Louis Dreyfus Co. Finance BV      
2.38%, 11/27/25(E) 200,000   222,720
Mercedes-Benz International Finance BV      
0.25%, 11/06/23(E) 90,000   99,289
 
26
    Par   Value
NXP BV      
4.88%, 03/01/24 144A $975,000   $1,002,284
2.70%, 05/01/25 144A 50,000   48,516
3.88%, 06/18/26 144A 300,000   301,361
Redexis Gas Finance BV      
1.88%, 05/28/25(E) 100,000   112,196
Sensata Technologies BV      
5.00%, 10/01/25 144A 200,000   203,083
Siemens Financieringsmaatschappij NV      
0.38%, 09/06/23(E) 235,000   260,963
Stellantis NV      
5.25%, 04/15/23 1,000,000   1,021,955
3.38%, 07/07/23(E) 145,000   165,191
Toyota Motor Finance Netherlands BV      
0.00%, 10/27/25(E) Δ 100,000   106,127
Upjohn Finance BV      
0.82%, 06/23/22(E) 220,000   243,785
Vonovia Finance BV      
0.13%, 04/06/23(E) 200,000   221,249
1.63%, 04/07/24(E) Δ 100,000   111,877
        11,156,112
Norway — 0.1%    
Aker BP ASA      
2.88%, 01/15/26 144A 895,000   871,206
Paraguay — 0.0%    
Paraguay Government International Bond      
2.74%, 01/29/33 144A 344,000   305,730
Peru — 0.1%    
Fondo MIVIVIENDA SA      
3.50%, 01/31/23 144A 690,000   696,928
Kallpa Generacion SA      
4.88%, 05/24/26 200,000   205,850
Peruvian Government International Bond      
1.86%, 12/01/32Δ 197,000   168,819
        1,071,597
Philippines — 0.0%    
Philippine Government International Bond      
3.75%, 01/14/29 200,000   208,189
Qatar — 0.3%    
ABQ Finance, Ltd.      
1.88%, 09/08/25 200,000   189,950
Qatar Government International Bond      
4.50%, 04/23/28 200,000   218,380
4.00%, 03/14/29 144A 200,000   213,972
QNB Finance, Ltd.      
(Floating, ICE LIBOR USD 3M + 1.00%), 1.32%, 05/02/22† 3,000,000   3,000,894
        3,623,196
    Par   Value
Romania — 0.0%    
Romanian Government International Bond      
3.00%, 02/14/31 144A $70,000   $64,896
3.63%, 03/27/32 144A 56,000   53,008
        117,904
Russia — 0.0%    
Russian Foreign Bond - Eurobond      
4.25%, 06/23/27 200,000   50,000
Saudi Arabia — 0.1%    
Samba Funding, Ltd.      
2.90%, 01/29/27 200,000   196,499
Saudi Arabian Oil Co.      
1.25%, 11/24/23 144A 490,000   479,478
Saudi Government International Bond      
3.63%, 03/04/28 200,000   206,938
4.38%, 04/16/29 144A 200,000   216,743
        1,099,658
Singapore — 0.3%    
BOC Aviation, Ltd.      
3.00%, 05/23/22 700,000   700,375
2.75%, 12/02/23 1,800,000   1,785,156
BPRL International Singapore Pte., Ltd.      
4.38%, 01/18/27 200,000   197,574
Continuum Energy Levanter Pte., Ltd.      
4.50%, 02/09/27 144A 197,250   190,110
        2,873,215
South Korea — 0.8%    
Export-Import Bank of Korea      
(Floating, Australian BBSW 3M + 1.07%), 1.15%, 05/29/23(A) † 1,000,000   753,718
(Floating, Australian BBSW 3M + 0.95%), 1.03%, 10/30/23(A) † 2,000,000   1,505,467
Hana Bank      
(Floating, ICE LIBOR USD 3M + 0.88%), 1.68%, 09/14/22† 1,000,000   1,002,501
(Floating, ICE LIBOR USD 3M + 0.80%), 1.60%, 03/13/23† 500,000   501,940
Industrial Bank of Korea      
2.13%, 10/23/24 144A 3,100,000   3,050,763
Kia Corporation      
3.00%, 04/25/23Δ 510,000   511,823
1.75%, 10/16/26Δ 200,000   186,071
SK Telecom Co., Ltd.      
3.75%, 04/16/23 900,000   910,296
        8,422,579
Spain — 0.3%    
Banco de Sabadell SA      
(Variable, 0.97% - EUR Swap Rate 1Y), 0.63%, 11/07/25(E) ^ 100,000   107,898
27
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
(Variable, 1.55% - EUR Swap Rate 1Y), 1.13%, 03/11/27(E) ^ $100,000   $107,686
Banco Santander SA      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.45%), 0.70%, 06/30/24^ 1,200,000   1,165,459
2.75%, 05/28/25 400,000   390,221
1.85%, 03/25/26 400,000   374,418
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.90%), 1.72%, 09/14/27^ 200,000   180,936
Cellnex Finance Co. SA      
2.25%, 04/12/26(E) 100,000   109,807
Merlin Properties Socimi SA      
1.88%, 11/02/26(E) 200,000   220,315
        2,656,740
Sweden — 0.1%    
Stadshypotek AB      
2.50%, 04/05/22 144A Δ 1,000,000   1,000,040
Volvo Treasury AB      
0.00%, 05/09/24(E) Δ 310,000   337,687
        1,337,727
Switzerland — 0.7%    
Credit Suisse Group AG      
(Variable, U.S. SOFR + 0.98%), 1.31%, 02/02/27 144A ^ 700,000   626,777
Credit Suisse Group Funding Guernsey, Ltd.      
3.80%, 09/15/22 450,000   454,744
SIG Combibloc PurchaseCo S.a.r.l.      
1.88%, 06/18/23(E) 300,000   334,970
2.13%, 06/18/25(E) 100,000   110,954
UBS AG      
(Floating, U.S. SOFR + 0.36%), 0.54%, 02/09/24 144A † 3,000,000   2,980,249
UBS Group AG      
3.49%, 05/23/23 144A 1,800,000   1,802,702
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.83%), 1.01%, 07/30/24 144A ^ 690,000   671,527
(Variable, 0.55% - EUR Swap Rate 1Y), 0.25%, 01/29/26(E) ^ 200,000   214,877
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.85%), 1.49%, 08/10/27 144A ^ 600,000   545,475
        7,742,275
Thailand — 0.0%    
PTTEP Treasury Center Co., Ltd.      
2.59%, 06/10/27 200,000   191,837
United Arab Emirates — 0.2%    
First Abu Dhabi Bank PJSC      
1.38%, 02/19/23(U) 1,666,000   2,171,768
    Par   Value
Sharjah Sukuk Program, Ltd.      
2.94%, 06/10/27 $200,000   $194,070
        2,365,838
United Kingdom — 2.6%    
Barclays PLC      
(Floating, Australian BBSW 3M + 1.80%), 1.95%, 06/15/23(A) † 1,000,000   757,556
(Variable, ICE LIBOR USD 3M + 1.36%), 4.34%, 05/16/24^ 900,000   914,323
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.80%), 1.01%, 12/10/24^ 1,545,000   1,484,228
(Variable, 3.70% - EUR Swap Rate 1Y), 3.38%, 04/02/25(E) ^ 100,000   115,436
(Variable, U.S. SOFR + 2.71%), 2.85%, 05/07/26^ 1,000,000   972,039
HSBC Holdings PLC      
(Floating, Australian BBSW 3M + 1.10%), 1.18%, 02/16/24(A) † 1,300,000   975,266
(Floating, ICE LIBOR USD 3M + 1.23%), 1.98%, 03/11/25† Δ 3,000,000   3,025,063
(Variable, U.S. SOFR + 1.43%), 3.00%, 03/10/26^ 200,000   196,227
Informa PLC      
1.50%, 07/05/23(E) 200,000   223,825
2.13%, 10/06/25(E) 485,000   543,068
Lloyds Banking Group PLC      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.60%), 3.51%, 03/18/26Δ ^ 1,500,000   1,493,709
LSEGA Financing PLC      
0.65%, 04/06/24 144A Δ 200,000   190,973
National Grid Electricity Transmission PLC      
0.19%, 01/20/25(E) 100,000   108,240
Nationwide Building Society      
2.00%, 01/27/23 144A 900,000   898,659
1.70%, 02/13/23 144A 2,900,000   2,893,098
(Variable, ICE LIBOR USD 3M + 1.18%), 3.62%, 04/26/23 144A ^ 1,500,000   1,500,320
0.55%, 01/22/24 144A 1,845,000   1,769,912
NatWest Group PLC      
(Floating, ICE LIBOR USD 3M + 1.47%), 1.98%, 05/15/23† 1,000,000   1,001,037
NatWest Markets PLC      
2.38%, 05/21/23 144A Δ 1,800,000   1,791,226
0.13%, 06/18/26(E) 200,000   208,273
1.60%, 09/29/26 144A 545,000   499,921
Royalty Pharma PLC      
0.75%, 09/02/23 920,000   893,681
Santander UK Group Holdings PLC      
(Variable, ICE LIBOR USD 3M + 1.08%), 3.37%, 01/05/24^ 215,000   215,741
Santander UK PLC      
1.63%, 02/12/23 144A 2,100,000   2,092,020
 
28
    Par   Value
Sky, Ltd.      
3.13%, 11/26/22 144A $1,500,000   $1,511,474
Standard Chartered PLC      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.17%), 1.32%, 10/14/23 144A ^ 200,000   198,171
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.78%), 0.99%, 01/12/25 144A ^ 440,000   420,630
Virgin Money UK PLC      
(Variable, 0.85% - EUR Swap Rate 1Y), 0.38%, 05/27/24(E) ^ 110,000   121,226
WPP Finance 2013      
3.00%, 11/20/23(E) 200,000   229,998
        27,245,340
Uruguay — 0.0%    
Uruguay Government International Bond      
4.38%, 10/27/27 84,713   90,008
Total Foreign Bonds
(Cost $178,370,220) 		  172,393,008
MORTGAGE-BACKED SECURITIES — 15.7%
Alen Mortgage Trust, Series 2021-ACEN, Class A      
(Floating, ICE LIBOR USD 1M + 1.15%, 1.15% Floor), 1.55%, 04/15/34 144A † 350,000   342,202
American Home Mortgage Assets Trust, Series 2006-5, Class A1      
(Floating, Federal Reserve U.S. 12 1Y CMT + 0.92%, 0.92% Floor), 1.06%, 11/25/46† 561,773   202,260
Angel Oak Mortgage Trust, Series 2022-1, Class A1      
(Step to 3.88% on 02/25/26), 2.88%, 12/25/66 144A  STEP 295,003   288,018
Angel Oak Mortgage Trust, Series 2022-2, Class A1      
3.35%, 01/25/67 144A † γ 352,462   345,468
Avon Finance No. 2 PLC, Class A      
(Floating, SONIA Interest Rate + 0.90%), 1.20%, 09/20/48(U)  144A † 1,187,340   1,559,050
Banc of America Mortgage Trust, Series 2003-L, Class 3A1      
2.37%, 01/25/34† γ 22,381   21,848
BANK, Series 2019-BNK18, Class A2      
3.47%, 05/15/62 610,000   609,633
Bear Stearns ARM Trust, Series 2003-8, Class 4A1      
2.48%, 01/25/34† γ 56,614   57,699
Bear Stearns ARM Trust, Series 2004-5, Class 2A      
2.87%, 07/25/34† γ 60,231   60,699
    Par   Value
Bellemeade RE, Ltd., Series 2021-3A, Class M1A      
(Floating, U.S. 30-Day Average SOFR + 1.00%, 1.00% Floor), 1.10%, 09/25/31 144A † $900,000   $892,398
Benchmark Mortgage Trust, Series 2022-B34, Class AM      
3.83%, 04/15/55 225,000   223,088
Brass No. 8 PLC, Class A1      
(Floating, ICE LIBOR USD 3M + 0.70%), 1.16%, 11/16/66 144A † 84,769   84,985
BX Commercial Mortgage Trust, Series 2019-XL, Class A      
(Floating, ICE LIBOR USD 1M + 0.92%, 0.92% Floor), 1.32%, 10/15/36 144A † 1,493,285   1,487,778
BX Commercial Mortgage Trust, Series 2019-XL, Class B      
(Floating, ICE LIBOR USD 1M + 1.08%, 1.08% Floor), 1.48%, 10/15/36 144A † 569,500   564,980
BX Commercial Mortgage Trust, Series 2019-XL, Class D      
(Floating, ICE LIBOR USD 1M + 1.45%, 1.45% Floor), 1.85%, 10/15/36 144A † 667,250   661,689
BX Commercial Mortgage Trust, Series 2020-VKNG, Class B      
(Floating, ICE LIBOR USD 1M + 1.13%, 1.13% Floor), 1.53%, 10/15/37 144A † 1,167,848   1,148,897
BX Commercial Mortgage Trust, Series 2021-SOAR, Class A      
(Floating, ICE LIBOR USD 1M + 0.67%, 0.67% Floor), 1.07%, 06/15/38 144A † 2,310,000   2,263,492
BX Commercial Mortgage Trust, Series 2021-VINO, Class A      
(Floating, ICE LIBOR USD 1M + 0.65%, 0.65% Floor), 1.05%, 05/15/38 144A † 280,000   273,333
BX Commercial Mortgage Trust, Series 2021-XL2, Class A      
(Floating, ICE LIBOR USD 1M + 0.69%, 0.69% Floor), 1.09%, 10/15/38 144A † 668,535   655,122
BX Trust, Series 2018-BILT, Class D      
(Floating, ICE LIBOR USD 1M + 1.77%, 1.77% Floor), 2.17%, 05/15/30 144A † 235,000   230,802
BX Trust, Series 2021-LBA, Class AJV      
(Floating, ICE LIBOR USD 1M + 0.80%, 0.80% Floor), 1.20%, 02/15/36 144A † 240,000   235,301
BX Trust, Series 2021-LBA, Class AV      
(Floating, ICE LIBOR USD 1M + 0.80%, 0.80% Floor), 1.20%, 02/15/36 144A † 330,000   323,539
29
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
BX Trust, Series 2021-VIEW, Class A      
(Floating, ICE LIBOR USD 1M + 1.28%, 1.28% Floor), 1.68%, 06/15/23 144A † $150,000   $148,405
Canterbury Finance PLC, No. 1, Class A2      
(Floating, SONIA Interest Rate + 1.35%), 1.50%, 05/16/56(U) † 805,729   1,064,350
CFCRE Commercial Mortgage Trust, Series 2017-C8, Class ASB      
3.37%, 06/15/50 1,500,000   1,506,750
Chase Home Lending Mortgage Trust, Series 2019-ATR2, Class A11      
(Floating, ICE LIBOR USD 1M + 0.90%, 6.50% Cap), 1.36%, 07/25/49 144A † 44,920   45,031
Chase Home Lending Mortgage Trust, Series 2019-ATR2, Class A3      
3.50%, 07/25/49 144A † γ 91,768   91,649
CHC Commercial Mortgage Trust, Series 2019-CHC, Class D      
(Floating, ICE LIBOR USD 1M + 2.05%, 2.05% Floor), 2.45%, 06/15/34 144A † 2,124,493   2,069,204
CHL Mortgage Pass-Through Trust, Series 2004-29, Class 1A1      
(Floating, ICE LIBOR USD 1M + 0.54%, 0.54% Floor, 11.50% Cap), 1.00%, 02/25/35† 38,367   37,196
Citigroup Commercial Mortgage Trust, Series 2016-P4, Class A4      
2.90%, 07/10/49 641,000   624,160
Citigroup Commercial Mortgage Trust, Series 2016-P5, Class AAB      
2.84%, 10/10/49 913,630   909,804
Cold Storage Trust, Series 2020-ICE5, Class A      
(Floating, ICE LIBOR USD 1M + 0.90%, 0.90% Floor), 1.30%, 11/15/37 144A † 4,865,803   4,813,932
COLT Mortgage Loan Trust, Series 2022-3, Class A1      
3.90%, 03/25/25 144A † ρ γ 245,000   244,810
COMM Mortgage Trust, Series 2012-CR4, Class ASB      
2.44%, 10/15/45 228,178   228,314
COMM Mortgage Trust, Series 2013-CR8, Class A5      
3.61%, 06/10/46 750,000   755,007
COMM Mortgage Trust, Series 2013-CR8, Class B      
3.93%, 06/10/46 144A † γ 170,000   170,957
COMM Mortgage Trust, Series 2013-SFS, Class A1      
1.87%, 04/12/35 144A 96,064   95,513
COMM Mortgage Trust, Series 2014-CR21, Class A3      
3.53%, 12/10/47 566,458   563,528
    Par   Value
COMM Mortgage Trust, Series 2014-UBS5, Class ASB      
3.55%, 09/10/47 $178,257   $179,972
COMM Mortgage Trust, Series 2015-CR24, Class ASB      
3.45%, 08/10/48 112,280   112,792
COMM Mortgage Trust, Series 2015-PC1, Class A4      
3.62%, 07/10/50 450,342   450,181
COMM Mortgage Trust, Series 2018-COR3, Class A3      
4.23%, 05/10/51 160,000   166,948
Connecticut Avenue Securities Trust, Series 2019-HRP1, Class M2      
(Floating, ICE LIBOR USD 1M + 2.15%), 2.61%, 11/25/39 144A † 2,370,124   2,337,602
Connecticut Avenue Securities Trust, Series 2021-R01, Class 1M2      
(Floating, U.S. 30-Day Average SOFR + 1.55%), 1.65%, 10/25/41 144A † 1,050,000   1,015,831
CSAIL Commercial Mortgage Trust, Series 2016-C6, Class XA      
1.87%, 01/15/49†  IO γ 625,896   37,998
CSMC, Series 2020-NET, Class A      
2.26%, 08/15/37 144A 308,333   293,542
CSMC, Series 2021-980M, Class C      
3.20%, 07/15/31 144A 150,000   141,087
CSMC, Series 2021-BHAR, Class A      
(Floating, ICE LIBOR USD 1M + 1.15%, 1.15% Floor), 1.55%, 11/15/38 144A † 770,000   769,835
CSMCM, Series 2022-ATH1, Class A1A      
2.87%, 01/25/67 144A † γ 348,182   342,248
Deephaven Residential Mortgage Trust, Series 2022-2, Class A1      
4.30%, 03/25/67 144A † γ 121,897   122,846
Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-AB4, Class A6A1      
(Step to 5.30% on 05/25/22), 6.37%, 10/25/36 STEP 109,894   104,925
Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-AB4, Class A6A2      
(Step to 5.30% on 05/25/22), 6.39%, 10/25/36 STEP 109,894   104,924
Eagle RE, Ltd., Series 2021-2, Class M1A      
(Floating, U.S. 30-Day Average SOFR + 1.55%, 1.55% Floor), 1.65%, 04/25/34 144A † 800,000   796,076
 
30
    Par   Value
Extended Stay America Trust, Series 2021-ESH, Class A      
(Floating, ICE LIBOR USD 1M + 1.08%, 1.08% Floor), 1.48%, 07/15/38 144A † $2,236,237   $2,212,581
Fannie Mae Connecticut Avenue Securities, Series 2018-C01, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.25%, 2.25% Floor), 2.71%, 07/25/30† 690,732   696,583
Fannie Mae Connecticut Avenue Securities, Series 2021-R02, Class 2M2      
(Floating, U.S. 30-Day Average SOFR + 2.00%), 2.10%, 11/25/41 144A † 3,000,000   2,827,279
Federal Home Loan Mortgage Corporation      
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.36%, 2.36% Floor, 13.19% Cap), 2.40%, 07/01/27† 1,269   1,269
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.25%, 2.25% Floor, 11.15% Cap), 2.35%, 11/01/31† 9,892   9,907
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.25%, 2.25% Floor, 10.78% Cap), 2.38%, 04/01/32† 2,498   2,508
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.04%, 2.04% Floor, 9.79% Cap), 2.16%, 06/01/33† 201,607   211,450
(Floating, ICE LIBOR USD 1Y + 1.75%, 1.75% Floor, 10.77% Cap), 2.00%, 08/01/35† 33,673   34,511
(Floating, ICE LIBOR USD 1Y + 1.35%, 1.35% Floor, 10.35% Cap), 1.60%, 09/01/35† 64,449   66,407
(Floating, ICE LIBOR USD 1Y + 1.63%, 1.63% Floor, 10.81% Cap), 1.88%, 10/01/35† 82,131   85,310
3.00%, 02/01/36 48,878   48,822
4.00%, 11/01/36 5,966   6,218
4.00%, 06/01/37 73,931   76,689
4.50%, 07/01/47 41,832   44,173
4.50%, 03/01/49 1,974,669   2,092,975
Federal Home Loan Mortgage Corporation REMIC, Series 3228      
(Floating, ICE LIBOR USD 1M + 0.50%, 0.50% Floor, 6.50% Cap), 0.90%, 10/15/36† 793,428   799,312
Federal Home Loan Mortgage Corporation REMIC, Series 3710      
4.00%, 08/15/25 STEP 33,971   35,290
    Par   Value
Federal Home Loan Mortgage Corporation REMIC, Series 3959      
4.50%, 11/15/41 $133,075   $137,579
Federal Home Loan Mortgage Corporation REMIC, Series 3986      
4.50%, 09/15/41 75,173   76,627
Federal Home Loan Mortgage Corporation REMIC, Series 4459      
3.00%, 08/15/43 268,865   266,666
Federal Home Loan Mortgage Corporation REMIC, Series 4494      
3.75%, 10/15/42 143,411   144,909
Federal Home Loan Mortgage Corporation REMIC, Series 4752      
3.00%, 09/15/46 280,228   274,307
Federal Home Loan Mortgage Corporation REMIC, Series 4777      
3.50%, 10/15/45 563,634   570,239
Federal Home Loan Mortgage Corporation REMIC, Series 4904      
(Floating, ICE LIBOR USD 1M + 0.45%, 0.45% Floor, 6.50% Cap), 0.85%, 06/15/49† 482,250   484,199
Federal Home Loan Mortgage Corporation REMIC, Series 4941      
3.00%, 07/25/49 214,299   209,258
Federal Home Loan Mortgage Corporation REMIC, Series 4948      
2.50%, 10/25/48 131,823   126,866
Federal Home Loan Mortgage Corporation REMIC, Series 5000      
2.00%, 06/25/44 164,784   159,564
Federal Home Loan Mortgage Corporation REMIC, Series 5006      
2.00%, 06/25/45 461,276   446,191
Federal Home Loan Mortgage Corporation REMIC, Series 5047      
0.75%, 10/15/28 3,095,369   2,925,289
Federal Home Loan Mortgage Corporation REMIC, Series 5057      
1.00%, 04/15/54 2,234,739   2,123,225
Federal Home Loan Mortgage Corporation REMIC, Series 5105      
1.50%, 04/15/44 1,277,921   1,255,038
Federal Home Loan Mortgage Corporation REMIC, Series 5115      
1.00%, 02/25/42 2,558,336   2,362,928
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA1, Class M2      
(Floating, ICE LIBOR USD 1M + 1.70%), 2.16%, 01/25/50 144A † 151,309   151,220
31
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA2, Class M2      
(Floating, ICE LIBOR USD 1M + 1.85%), 2.31%, 02/25/50 144A † $133,805   $133,574
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2021-DNA1, Class M1      
(Floating, U.S. 30-Day Average SOFR + 0.65%), 0.75%, 01/25/51 144A † 78,106   77,947
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2021-DNA5, Class M2      
(Floating, U.S. 30-Day Average SOFR + 1.65%), 1.75%, 01/25/34 144A † 1,100,000   1,083,477
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2021-DNA6 Class M2      
(Floating, U.S. 30-Day Average SOFR + 1.50%), 1.60%, 10/25/41 144A † 1,850,000   1,764,327
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-HQA1, Class M1A      
(Floating, U.S. 30-Day Average SOFR + 2.10%), 2.15%, 03/25/42 144A † 700,000   701,138
Federal Home Loan Mortgage Corporation STACR Trust, Series 2019-DNA4, Class M2      
(Floating, ICE LIBOR USD 1M + 1.95%), 2.41%, 10/25/49 144A † 132,407   132,301
Federal National Mortgage Association      
(Floating, Federal Reserve U.S. 12 1Y CMT + 2.00%, 2.00% Floor, 10.77% Cap), 2.20%, 12/01/24 CONV † 1,612   1,611
2.50%, 12/01/27 310,027   307,279
3.00%, 09/01/30 153,524   155,172
3.00%, 02/01/31 898,266   910,095
3.00%, 04/01/31 14,151   14,303
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.22%, 2.22% Floor, 11.63% Cap), 2.32%, 09/01/31† 23,965   23,969
2.50%, 10/01/31 342,405   339,024
2.50%, 11/01/31 795,562   788,354
2.50%, 01/01/32 5,648   5,609
3.00%, 03/01/32 511,501   517,012
(Floating, ICE LIBOR USD 1M + 1.31%, 1.31% Floor, 11.27% Cap), 1.43%, 08/01/32† 147,730   148,278
    Par   Value
3.00%, 11/01/32 $46,716   $47,321
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.24%, 2.24% Floor, 9.73% Cap), 2.37%, 12/01/32† 226,437   226,937
3.00%, 12/01/32 611,414   617,937
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.41%, 2.41% Floor, 9.34% Cap), 2.48%, 06/01/33† 7,743   7,766
4.00%, 09/01/33 1,026,062   1,059,290
4.00%, 03/01/34 35,447   36,675
4.00%, 05/01/34 526,144   554,839
(Floating, ICE LIBOR USD 1Y + 1.66%, 1.66% Floor, 10.03% Cap), 1.97%, 02/01/35† 60,417   62,210
3.00%, 09/01/35 85,375   84,280
4.00%, 07/01/37 28,116   29,095
4.00%, 09/01/37 33,952   35,192
4.00%, 03/01/38 24,171   24,984
(Floating, ICE LIBOR USD 1Y + 1.73%, 1.73% Floor, 9.50% Cap), 2.03%, 05/01/38† 557,465   581,883
1.30%, 08/01/42† 158,000   161,258
(Floating, ICE LIBOR USD 1Y + 1.74%, 1.74% Floor, 8.52% Cap), 2.45%, 09/01/42† 188,583   195,944
(Floating, ICE LIBOR USD 1Y + 1.69%, 1.69% Floor, 7.74% Cap), 2.71%, 07/01/43† 284,644   295,665
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.20%, 1.20% Floor, 8.52% Cap), 1.30%, 07/01/44† 58,191   59,466
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.20%, 1.20% Floor, 9.33% Cap), 1.30%, 10/01/44† 40,330   41,180
(Floating, ICE LIBOR USD 1Y + 1.59%, 1.59% Floor, 7.84% Cap), 2.84%, 06/01/45† 285,518   295,824
4.50%, 03/01/47 119,256   125,122
4.50%, 05/01/47 367,176   385,229
4.50%, 07/01/47 49,270   51,924
4.50%, 11/01/47 410,264   433,099
4.50%, 06/01/48 65,521   69,278
4.50%, 11/01/48 200,969   212,935
4.50%, 02/01/49 645,875   685,923
4.50%, 04/01/49 174,910   185,340
Federal National Mortgage Association REMIC, Series 2006-98      
(Floating, ICE LIBOR USD 1M + 0.43%, 0.43% Floor, 7.00% Cap), 0.89%, 10/25/36† 131,928   132,502
 
32
    Par   Value
Federal National Mortgage Association REMIC, Series 2007-100      
(Floating, ICE LIBOR USD 1M + 0.55%, 0.55% Floor, 7.00% Cap), 1.01%, 10/25/37† $163,903   $165,561
Federal National Mortgage Association REMIC, Series 2011-48      
4.00%, 06/25/26 STEP 66,158   68,305
Federal National Mortgage Association REMIC, Series 2012-79      
(Floating, ICE LIBOR USD 1M + 0.45%, 0.45% Floor, 6.50% Cap), 0.91%, 07/25/42† 129,429   130,272
Federal National Mortgage Association REMIC, Series 2015-38      
(Floating, ICE LIBOR USD 1M + 0.31%, 0.31% Floor), 0.42%, 06/25/55† 158,373   159,138
Federal National Mortgage Association REMIC, Series 2016-11      
(Floating, ICE LIBOR USD 1M + 0.50%, 0.50% Floor), 0.61%, 03/25/46† 765,864   766,294
Federal National Mortgage Association REMIC, Series 2016-40      
(Floating, ICE LIBOR USD 1M + 0.45%, 0.45% Floor), 0.56%, 07/25/46† 920,825   918,726
Federal National Mortgage Association REMIC, Series 2018-21      
3.50%, 04/25/45 190,361   190,106
Federal National Mortgage Association REMIC, Series 2019-30      
(Floating, ICE LIBOR USD 1M + 0.50%, 0.50% Floor, 6.50% Cap), 0.96%, 07/25/49† 562,403   566,820
Federal National Mortgage Association REMIC, Series 2019-53      
(Floating, ICE LIBOR USD 1M + 0.40%, 0.40% Floor), 0.51%, 09/25/49† 1,041,241   1,041,865
Federal National Mortgage Association REMIC, Series 2019-60      
(Floating, ICE LIBOR USD 1M + 0.40%, 0.40% Floor), 0.51%, 10/25/59† 1,109,761   1,100,926
Federal National Mortgage Association REMIC, Series 2019-9      
3.50%, 06/25/48 906,994   905,454
    Par   Value
FHLMC Multifamily Structured Pass-Through Certificates, Series K121      
1.03%, 10/25/30†  IO γ $595,265   $41,798
FHLMC Multifamily Structured Pass-Through Certificates, Series K727      
2.95%, 07/25/24 3,750,000   3,768,772
FHLMC Multifamily Structured Pass-Through Certificates, Series KIR2      
2.75%, 03/25/27 284,182   286,288
FHLMC Structured Agency Credit Risk Debt Notes, Series 2021-DNA2, Class M1      
(Floating, U.S. 30-Day Average SOFR + 0.80%), 0.90%, 08/25/33 144A † 859,554   853,612
FHLMC Structured Pass-Through Certificates, Series T-56, Class 3AF      
(Floating, ICE LIBOR USD 1M + 1.00%, 1.00% Floor, 8.50% Cap), 1.46%, 05/25/43† 348,158   358,422
FHLMC Structured Pass-Through Certificates, Series T-61, Class 1A1      
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.40%, 1.40% Floor), 1.54%, 07/25/44† 291,674   299,772
Finsbury Square PLC, Series 2020-2A, Class A      
(Floating, SONIA Interest Rate + 1.30%), 1.58%, 06/16/70(U)  144A † 913,092   1,205,683
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA1, Class A1      
2.13%, 06/25/34† γ 91,261   92,042
FREMF Mortgage Trust, Series 2012-K20, Class B      
4.04%, 05/25/45 144A † γ 135,000   134,835
FREMF Mortgage Trust, Series 2013-K27, Class B      
3.50%, 01/25/46 144A † γ 130,000   130,747
FREMF Mortgage Trust, Series 2013-K31, Class B      
3.63%, 07/25/46 144A † γ 105,000   105,703
FREMF Mortgage Trust, Series 2015-K45, Class B      
3.59%, 04/25/48 144A † γ 250,000   248,906
FREMF Mortgage Trust, Series 2015-K720, Class B      
3.43%, 07/25/22 144A † γ 455,000   455,815
GCAT Trust, Series 2021-NQM7, Class A1      
1.92%, 08/25/66 144A 298,765   294,022
33
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Gemgarto PLC, Series 2021-1A, Class A      
(Floating, SONIA Interest Rate + 0.59%), 0.87%, 12/16/67(U)  144A † $1,847,222   $2,419,402
Gosforth Funding PLC, Series 2018-1A, Class A1      
(Floating, ICE LIBOR USD 3M + 0.45%), 0.95%, 08/25/60 144A † 81,948   81,971
Government National Mortgage Association      
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.50% Cap), 2.00%, 01/20/23† 757   758
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 10.00% Cap), 1.88%, 05/20/24† 5,212   5,248
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.50% Cap), 1.63%, 07/20/25† 10,235   10,407
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.00% Cap), 1.63%, 08/20/25† 3,032   3,086
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.00% Cap), 1.75%, 11/20/25† 9,516   9,643
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.50% Cap), 1.75%, 12/20/26† 19,885   20,411
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.00% Cap), 1.63%, 07/20/27† 442   449
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 10.00% Cap), 1.75%, 10/20/27† 6,983   7,122
8.50%, 10/15/29 16,038   16,245
8.50%, 04/15/30 1,802   1,809
8.50%, 05/15/30 45,002   46,391
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.50% Cap), 1.88%, 05/20/30† 11,694   12,023
8.50%, 07/15/30 18,250   18,619
8.50%, 08/15/30 2,942   2,976
8.50%, 11/15/30 3,037   3,049
8.50%, 12/15/30 2,410   2,419
8.50%, 02/15/31 12,231   12,618
    Par   Value
Government National Mortgage Association, Series 2007-30      
(Floating, ICE LIBOR USD 1M + 0.30%, 0.30% Floor, 6.50% Cap), 0.75%, 05/20/37† $57,954   $57,939
Government National Mortgage Association, Series 2011-H08      
(Floating, ICE LIBOR USD 1M + 0.60%, 0.60% Floor, 10.50% Cap), 0.71%, 02/20/61† 429,674   429,414
Government National Mortgage Association, Series 2013-H13      
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 0.45%, 0.45% Floor, 15.00% Cap), 1.14%, 05/20/63† 962,058   955,805
Government National Mortgage Association, Series 2016-H07      
(Floating, ICE LIBOR USD 1M + 0.77%, 0.77% Floor), 0.88%, 02/20/66† 6,827   6,840
Government National Mortgage Association, Series 2016-H22      
(Floating, ICE LIBOR USD 1M + 0.77%, 0.77% Floor, 7.50% Cap), 0.88%, 10/20/66† 1,388,338   1,394,758
Government National Mortgage Association, Series 2017-136      
3.00%, 03/20/47 119,829   118,239
Government National Mortgage Association, Series 2017-H09      
(Floating, ICE LIBOR USD 1Y + 0.75%, 0.75% Floor, 7.50% Cap), 1.03%, 04/20/67† 1,836,170   1,828,803
Government National Mortgage Association, Series 2017-H10      
(Floating, ICE LIBOR USD 1Y + 0.75%, 0.75% Floor, 7.50% Cap), 1.03%, 04/20/67† 2,105,884   2,098,058
Government National Mortgage Association, Series 2020-17      
2.50%, 10/20/49 99,241   97,403
GreenPoint Mortgage Funding Trust, Series 2005-AR5, Class 1A1      
(Floating, ICE LIBOR USD 1M + 0.54%, 0.54% Floor, 10.50% Cap), 1.00%, 11/25/45† 84,561   77,179
GreenPoint Mortgage Funding Trust, Series 2006-OH1, Class A1      
(Floating, ICE LIBOR USD 1M + 0.18%, 0.18% Floor), 0.64%, 01/25/37† 252,423   241,503
GS Mortgage Securities Corporation Trust, Series 2012-ALOH, Class A      
3.55%, 04/10/34 144A 680,000   679,703
 
34
    Par   Value
GS Mortgage Securities Corporation Trust, Series 2020-TWN3, Class A      
(Floating, ICE LIBOR USD 1M + 2.00%, 2.00% Floor), 2.40%, 11/15/37 144A † $560,000   $560,440
GS Mortgage Securities Trust, Series 2011-GC5, Class AS      
5.16%, 08/10/44 144A † γ 298,300   299,040
GS Mortgage Securities Trust, Series 2013-GC12, Class A3      
2.86%, 06/10/46 1,342,000   1,341,645
GS Mortgage Securities Trust, Series 2019-GC38, Class A2      
3.87%, 02/10/52 373,644   377,609
GS Mortgage-Backed Securities Corporation Trust, Series 2020-PJ4, Class A2      
3.00%, 01/25/51 144A † γ 194,705   191,021
GS Mortgage-Backed Securities Corporation Trust, Series 2022-PJ2, Class A4      
2.50%, 06/25/52 144A † γ 582,231   539,118
GSR Mortgage Loan Trust, Series 2004-11, Class 5A1      
2.25%, 09/25/34† γ 91,496   92,978
GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1      
2.91%, 09/25/35† γ 39,587   40,040
Hawaii Hotel Trust, Series 2019-MAUI, Class A      
(Floating, ICE LIBOR USD 1M + 1.15%, 1.15% Floor), 1.55%, 05/15/38 144A † 429,000   425,971
Hawksmoor Mortgage Funding PLC, Series 2019-1X, Class A      
(Floating, SONIA Interest Rate + 1.05%), 1.24%, 05/25/53(U) † 750,381   987,515
Hawksmoor Mortgages, Series 2019-1A, Class A      
(Floating, SONIA Interest Rate + 1.05%), 1.24%, 05/25/53(U)  144A † 955,030   1,256,837
IndyMac INDX Mortgage Loan Trust, Series 2006-AR12, Class A1      
(Floating, ICE LIBOR USD 1M + 0.38%, 0.38% Floor), 0.84%, 09/25/46† 295,823   277,425
IndyMac INDX Mortgage Loan Trust, Series 2007-FLX3, Class A2      
(Floating, ICE LIBOR USD 1M + 0.27%, 0.27% Floor), 0.73%, 06/25/37† 117,801   154,549
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2012-CBX, Class A4      
3.48%, 06/15/45 147,278   147,374
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2012-CBX, Class A4FX      
3.48%, 06/15/45 144A 89,941   89,934
    Par   Value
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2012-HSBC, Class D      
4.52%, 07/05/32 144A † γ $610,000   $611,371
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class ASB      
2.55%, 04/15/46 278,262   278,918
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-WPT, Class AFX      
4.25%, 07/05/33 144A 190,000   192,247
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-MFP, Class A      
(Floating, ICE LIBOR USD 1M + 0.96%, 0.96% Floor), 1.36%, 07/15/36 144A † 1,710,000   1,694,190
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2021-MHC, Class A      
(Floating, ICE LIBOR USD 1M + 0.80%, 0.80% Floor), 1.20%, 04/15/38 144A † 141,735   139,645
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2021-NYAH, Class A      
(Floating, ICE LIBOR USD 1M + 0.76%, 0.76% Floor), 1.16%, 06/15/38 144A † 560,000   548,114
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class B      
3.38%, 01/05/39 144A 145,000   138,120
JP Morgan Mortgage Trust, Series 2005-A1, Class 6T1      
2.29%, 02/25/35† γ 10,018   9,981
JP Morgan Mortgage Trust, Series 2016-2, Class A1      
2.35%, 06/25/46 144A † γ 229,814   221,213
JP Morgan Mortgage Trust, Series 2020-7, Class A3      
3.00%, 01/25/51 144A † γ 149,559   146,347
JP Morgan Mortgage Trust, Series 2020-LTV1, Class A11      
(Floating, ICE LIBOR USD 1M + 1.00%, 6.00% Cap), 1.19%, 06/25/50 144A † 38,302   37,565
JP Morgan Mortgage Trust, Series 2021-12, Class A11      
(Floating, U.S. 30-Day Average SOFR + 0.85%, 5.00% Cap), 0.95%, 02/25/52 144A † 180,450   180,251
JP Morgan Mortgage Trust, Series 2022-INV3, Class A3B      
3.00%, 09/25/52 144A † γ 400,000   380,484
JPMBB Commercial Mortgage Securities Trust, Series 2014-C23, Class ASB      
3.66%, 09/15/47 183,006   184,924
35
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class A3      
3.50%, 12/15/48 $325,618   $321,962
JPMCC Commercial Mortgage Securities Trust, Series 2017-JP7, Class A3      
3.38%, 09/15/50 1,500,000   1,487,438
KNDL Mortgage Trust, Series 2019-KNSQ, Class A      
(Floating, ICE LIBOR USD 1M + 0.80%, 0.80% Floor), 1.20%, 05/15/36 144A † 409,000   405,803
KNDL Mortgage Trust, Series 2019-KNSQ, Class D      
(Floating, ICE LIBOR USD 1M + 1.35%, 1.35% Floor), 1.75%, 05/15/36 144A † 136,000   134,426
Life Mortgage Trust, Series 2021-BMR, Class A      
(Floating, ICE LIBOR USD 1M + 0.70%, 0.70% Floor), 1.10%, 03/15/38 144A † 982,970   961,989
Luminent Mortgage Trust, Series 2006-7, Class 2A1      
(Floating, ICE LIBOR USD 1M + 0.17%, 0.17% Floor, 10.50% Cap), 0.63%, 12/25/36† 292,899   276,601
LUXE Trust, Series 2021-TRIP, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%, 1.05% Floor), 1.45%, 10/15/38 144A † 1,500,000   1,476,781
MASTR Adjustable Rate Mortgages Trust, Series 2003-6, Class 3A1      
2.19%, 12/25/33† γ 35,622   36,714
Mello Mortgage Capital Acceptance, Series 2022-INV2, Class A3      
3.00%, 04/25/52 144A † γ 470,000   446,775
MF1 Multifamily Housing Mortgage Loan Trust, Series 2020-FL3, Class AS      
(Floating, CME Term SOFR 1M + 2.96%, 2.85% Floor), 3.27%, 07/15/35 144A † 260,000   262,052
MF1, Series 2021-W10, Class A      
(Floating, CME Term SOFR 1M + 1.07%, 1.07% Floor), 1.37%, 12/15/34 144A † 110,000   110,156
MF1, Series 2021-W10, Class B      
(Floating, CME Term SOFR 1M + 1.37%, 1.37% Floor), 1.67%, 12/15/34 144A † 100,000   100,066
MFA Trust, Series 2021-INV2, Class A1      
1.91%, 11/25/56 144A 301,518   285,510
MFA Trust, Series 2021-RPL1, Class A1      
1.13%, 07/25/60 144A 972,815   926,848
MHC Commercial Mortgage Trust, Series 2021-MHC, Class A      
(Floating, ICE LIBOR USD 1M + 0.80%, 0.80% Floor), 1.20%, 04/15/38 144A † 480,000   472,821
    Par   Value
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C12, Class ASB      
3.82%, 10/15/46 $399,242   $402,757
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class A3      
3.77%, 11/15/46 484,630   485,485
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C9, Class AAB      
2.66%, 05/15/46 58,690   58,777
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C15, Class A4      
4.05%, 04/15/47 285,000   288,996
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C18, Class ASB      
3.62%, 10/15/47 224,246   226,607
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB      
3.04%, 04/15/48 1,082,176   1,081,787
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C24, Class A4      
3.73%, 05/15/48 955,000   962,908
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C25, Class A5      
3.64%, 10/15/48 535,000   538,763
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class XA      
0.66%, 12/15/49†  IO γ 1,820,588   47,178
Morgan Stanley Capital I Trust, Series 2018-H4, Class A4      
4.31%, 12/15/51 249,000   260,201
Morgan Stanley Capital I Trust, Series 2021-230P, Class A      
(Floating, ICE LIBOR USD 1M + 1.17%, 1.17% Floor), 1.57%, 12/15/23 144A † 1,000,000   991,338
MTN Commercial Mortgage Trust, Series 2022-LPFL, Class A      
(Floating, CME Term SOFR 1M + 1.40%, 1.40% Floor), 1.45%, 03/15/39 144A † 590,000   588,172
New Residential Mortgage Loan Trust, Series 2017-3A, Class A1      
4.00%, 04/25/57 144A 2,328,398   2,337,347
New Residential Mortgage Loan Trust, Series 2017-4A, Class A1      
4.00%, 05/25/57 144A 688,820   690,486
New Residential Mortgage Loan Trust, Series 2018-1A, Class A1A      
4.00%, 12/25/57 144A † γ 1,042,748   1,052,328
New Residential Mortgage Loan Trust, Series 2019-RPL3, Class A1      
2.75%, 07/25/59 144A 1,162,636   1,138,533
 
36
    Par   Value
New Residential Mortgage Loan Trust, Series 2020-1A, Class A1B      
3.50%, 10/25/59 144A † γ $505,346   $502,577
New Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1      
2.75%, 11/25/59 144A 1,413,607   1,389,950
Oaktown Re VII, Ltd., Series 2021-2, Class M1A      
(Floating, U.S. 30-Day Average SOFR + 1.60%, 1.60% Floor), 1.70%, 04/25/34 144A † 700,000   692,344
OBX Trust, Series 2020-EXP3, Class 2A1B      
(Floating, ICE LIBOR USD 1M + 0.90%), 1.36%, 01/25/60 144A † 450,000   446,738
OBX Trust, Series 2022-INV3, Class A1      
3.00%, 02/25/52 144A † γ 215,000   205,596
ONE Mortgage Trust, Series 2021-PARK, Class A      
(Floating, ICE LIBOR USD 1M + 0.70%, 0.70% Floor), 1.10%, 03/15/36 144A † 1,900,000   1,858,828
One New York Plaza Trust, Series 2020-1NYP, Class A      
(Floating, ICE LIBOR USD 1M + 0.95%, 0.95% Floor), 1.35%, 01/15/36 144A † 240,000   236,683
PFP, Ltd., Series 2019-6, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%, 1.05% Floor), 1.48%, 04/14/37 144A † 572,024   567,917
PFP, Ltd., Series 2021-8, Class A      
(Floating, ICE LIBOR USD 1M + 1.00%, 1.00% Floor), 1.43%, 08/09/37 144A † 1,700,000   1,672,563
PKHL Commercial Mortgage Trust, Series 2021-MF, Class A      
(Floating, ICE LIBOR USD 1M + 0.88%, 0.88% Floor), 1.28%, 07/15/38 144A † 678,000   670,863
PRKCM Trust, Series 2021-AFC2, Class A1      
2.07%, 11/25/56 144A 342,852   327,800
Radnor RE, Ltd., Series 2021-2, Class M1A      
(Floating, U.S. 30-Day Average SOFR + 1.85%, 1.85% Floor), 1.95%, 11/25/31 144A † 400,000   397,294
Ready Capital Mortgage Financing LLC, Series 2021-FL6, Class A      
(Floating, ICE LIBOR USD 1M + 0.95%, 0.95% Floor), 1.41%, 07/25/36 144A † 1,500,000   1,470,258
    Par   Value
Residential Mortgage Securities 32 PLC, Class A      
(Floating, SONIA Interest Rate + 1.25%), 1.55%, 06/20/70(U)  144A † $774,449   $1,022,839
Resimac Bastille Trust, Series 2021-2NCA, Class A1A      
(Floating, 0.65% - ICE LIBOR USD 1M), 0.01%, 02/03/53 144A † 1,154,103   1,157,016
RFMSI Trust, Series 2003-S9, Class A1      
6.50%, 03/25/32 4,377   4,420
Seasoned Credit Risk Transfer Trust Series, Series 2019-4, Class MA      
3.00%, 02/25/59 667,889   663,622
Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MA      
3.50%, 11/25/57 263,035   264,416
Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA      
3.50%, 08/25/57 310,519   312,226
Sequoia Mortgage Trust, Series 2017-CH1, Class A2      
3.50%, 08/25/47 144A 40,093   40,228
Stack Infrastructure Issuer LLC, Series 2021-1A, Class A2      
1.88%, 03/26/46 144A 1,600,000   1,470,757
STACR Trust, Series 2018-HRP1, Class M2      
(Floating, ICE LIBOR USD 1M + 1.65%), 2.11%, 04/25/43 144A † 1,333,353   1,330,329
STACR Trust, Series 2018-HRP2, Class M2      
(Floating, ICE LIBOR USD 1M + 1.25%), 1.71%, 02/25/47 144A † 746,348   744,171
Starwood Mortgage Residential Trust, Series 2020-3, Class A1      
1.49%, 04/25/65 144A 262,040   258,623
Starwood Mortgage Residential Trust, Series 2020-INV1, Class A1      
1.03%, 11/25/55 144A 165,060   161,649
Stratton Mortgage Funding, Series 2021-2A, Class A      
(Floating, SONIA Interest Rate + 0.90%), 0.99%, 07/20/60(U)  144A † 253,457   333,370
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-13, Class A2      
(Floating, ICE LIBOR USD 1M + 0.30%, 0.30% Floor), 0.76%, 09/25/34† 45,554   43,094
37
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Structured Asset Mortgage Investments II Trust, Series 2005-AR5, Class A1      
(Floating, ICE LIBOR USD 1M + 0.50%, 0.50% Floor, 11.00% Cap), 0.95%, 07/19/35† $25,451   $24,502
Structured Asset Mortgage Investments II Trust, Series 2005-AR8, Class A1A      
(Floating, ICE LIBOR USD 1M + 0.56%, 0.56% Floor, 10.50% Cap), 1.02%, 02/25/36† 237,886   227,097
STWD Mortgage Trust, Series 2021-HTS, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%, 1.05% Floor), 1.45%, 04/15/34 144A † 1,700,000   1,675,599
STWD Trust, Series 2021-FLWR, Class A      
(Floating, ICE LIBOR USD 1M + 0.58%, 0.58% Floor), 0.97%, 07/15/36 144A † 2,100,000   2,040,046
TBW Mortgage-Backed Trust, Series 2007-2, Class A6A      
(Step to 4.34% on 05/25/22), 6.51%, 07/25/37 STEP 184,229   95,838
TORRENS Trust, Series 2013-1, Class A      
(Floating, Australian BBSW 1M + 0.95%), 0.97%, 04/12/44(A) † 322,591   241,431
Towd Point Mortgage Funding PLC, Series 2019-GR4A, Class A1      
(Floating, SONIA Interest Rate + 1.14%), 1.24%, 10/20/51(U)  144A † 1,051,331   1,384,641
Towd Point Mortgage Funding, Series 2019-A13A, Class A1      
(Floating, SONIA Interest Rate + 0.90%), 0.99%, 07/20/45(U)  144A † 2,024,906   2,661,550
Towd Point Mortgage Trust, Series 2020-1, Class A1      
2.71%, 01/25/60 144A † γ 672,022   658,388
Towd Point Mortgage Trust, Series 2020-2, Class A1A      
1.64%, 04/25/60 144A 1,944,133   1,850,499
Towd Point Mortgage Trust, Series 2021-SJ2, Class A1A      
2.25%, 12/25/61 144A 1,139,329   1,128,179
TPGI Trust, Series 2021-DGWD, Class A      
(Floating, ICE LIBOR USD 1M + 0.70%, 0.70% Floor), 1.10%, 06/15/26 144A † 450,000   440,378
Trinity Square PLC, Series 2021-1A, Class A      
(Floating, SONIA Interest Rate + 0.85%), 0.94%, 07/15/59(U)  144A † 1,178,836   1,547,780
    Par   Value
TTAN, Series 2021-MHC, Class A      
(Floating, ICE LIBOR USD 1M + 0.85%, 0.85% Floor), 1.25%, 03/15/38 144A † $299,555   $295,673
UBS Commercial Mortgage Trust, Series 2017-C1, Class A4      
3.46%, 06/15/50 500,000   500,449
UBS Commercial Mortgage Trust, Series 2019-C16, Class ASB      
3.46%, 04/15/52 540,000   540,535
UBS Commercial Mortgage Trust, Series 2019-C18, Class A4      
3.04%, 12/15/52 330,000   319,194
Uniform Mortgage Backed Securities      
3.00%, 05/01/52 TBA 3,440,000   3,357,955
Verus Securitization Trust, Series 2021-6, Class A1      
1.63%, 10/25/66 144A 1,138,491   1,091,304
Verus Securitization Trust, Series 2022-1, Class A1      
(Step to 3.72% on 02/25/26), 2.72%, 01/25/67 144A  STEP 171,185   166,797
Verus Securitization Trust, Series 2022-3, Class A1      
4.13%, 02/25/67 144A 442,333   444,274
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2002-AR6, Class A      
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.40%, 1.40% Floor), 1.62%, 06/25/42† 2,739   2,678
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2003-AR8, Class A      
2.71%, 08/25/33† γ 79,069   80,713
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2005-AR2, Class 2A1A      
(Floating, ICE LIBOR USD 1M + 0.62%, 0.62% Floor, 10.50% Cap), 1.08%, 01/25/45† 129,766   128,356
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2006-AR19, Class 1A      
(Floating, Federal Reserve U.S. 12 1Y CMT + 0.74%, 0.74% Floor), 0.88%, 01/25/47† 165,035   157,874
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2006-AR5, Class A12A      
(Floating, Federal Reserve U.S. 12 1Y CMT + 0.98%, 0.98% Floor), 1.12%, 06/25/46† 333,151   332,087
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-HY1, Class 1A1      
2.80%, 02/25/37† γ 118,507   111,382
 
38
    Par   Value
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-HY5, Class 2A1      
3.26%, 05/25/37† γ $167,983   $148,602
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-OA5, Class A1B      
(Floating, Federal Reserve U.S. 12 1Y CMT + 0.84%, 0.84% Floor), 0.98%, 05/25/47† 36,029   4,228
Wells Fargo Commercial Mortgage Trust, Series 2015-C26, Class A4      
3.17%, 02/15/48 500,000   496,947
Wells Fargo Commercial Mortgage Trust, Series 2015-C27, Class A5      
3.45%, 02/15/48 435,000   435,434
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class A6FL      
(Floating, ICE LIBOR USD 1M + 1.55%, 1.55% Floor), 1.99%, 01/15/59 144A † 2,000,000   2,049,225
Wells Fargo Commercial Mortgage Trust, Series 2017-C39, Class A5      
3.42%, 09/15/50 1,096,000   1,099,374
Wells Fargo Mortgage Backed Securities Trust, Series 2020-RR1, Class A1      
3.00%, 05/25/50 144A † γ 90,597   88,713
WFRBS Commercial Mortgage Trust, Series 2014-C21, Class ASB      
3.39%, 08/15/47 319,915   322,724
WFRBS Commercial Mortgage Trust, Series 2014-LC14, Class ASB      
3.52%, 03/15/47 248,693   250,985
Total Mortgage-Backed Securities
(Cost $170,659,885) 		    167,645,902
MUNICIPAL BONDS — 0.1%
California State Earthquake Authority, Revenue Bond, Series B      
1.48%, 07/01/23 315,000   312,142
Hawaii State, General Obligation, Series GB      
0.80%, 10/01/24 1,000,000   956,309
Total Municipal Bonds
(Cost $1,315,000) 		    1,268,451
    
  Number of
Contracts 		  Notional
Amount 		 
PURCHASED OPTIONS — 0.0%
Call Options — 0.0%
5-Year U.S. Treasury Note Future expiration date 4/2022, Strike Price
$122.00, Expires
04/22/22 (JPM) 		34   $3,899,375 266
  Number of
Contracts 		  Notional
Amount 		  Value
5-Year U.S. Treasury Note Future expiration date 4/2022, Strike Price
$122.50, Expires
04/22/22 (JPM) 		184   $21,102,500   $1,437
Total Purchased Options
(Premiums paid $1,984) 		      1,703
    
    Par  
U.S. TREASURY OBLIGATIONS — 29.6%
U.S. Treasury Bonds      
1.75%, 08/15/41 $4,300,000 3,729,578
U.S. Treasury Notes      
0.13%, 12/31/22 9,200,000 9,111,214
0.13%, 01/31/23 5,950,000 5,879,820
2.00%, 02/15/23 7,000,000 7,024,093
0.13%, 03/31/23Δ 6,000,000 5,906,776
0.38%, 10/31/23 15,806,000 15,368,248
0.88%, 01/31/24Δ 48,870,000 47,632,978
0.13%, 02/15/24‡‡ Δ 5,272,300 5,063,982
0.25%, 03/15/24 9,560,000 9,185,442
2.25%, 03/31/24 11,190,000 11,175,357
0.25%, 06/15/24 15,860,000 15,129,573
0.38%, 08/15/24Δ 12,495,000 11,901,976
0.38%, 09/15/24 10,600,000 10,072,484
0.75%, 11/15/24 86,406,000 82,600,423
1.00%, 12/15/24 20,600,000 19,799,738
1.13%, 01/15/25‡‡ 14,185,000 13,660,820
1.50%, 02/15/25 22,896,000 22,257,416
1.75%, 03/15/25 20,485,000 20,052,895
      311,823,235
Total U.S. Treasury Obligations
(Cost $323,524,618) 		  315,552,813
    
    Shares  
MONEY MARKET FUNDS — 3.4%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø ∞ 		24,250,912 24,250,912
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%Ø § 10,787,397 10,787,397
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 1,004,178 1,004,178
Total Money Market Funds
(Cost $36,042,487) 		  36,042,487
TOTAL INVESTMENTS  —104.1%
(Cost $1,139,626,853) 		  1,111,362,503
    
39
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
  Number of
Contracts 		  Notional
Amount 		  Value
WRITTEN OPTIONS — (0.0)%
Call Options — (0.0)%
FNCL 2.5% expiration date 5/2022, Strike Price
$98.39, Expires
05/05/22 (JPM) 		1   $(196,781)   $(123)
FNCL 2.5% expiration date 5/2022, Strike Price
$98.47, Expires
05/05/22 (JPM) 		1   (295,406)   (168)
FNCL 2.5% expiration date 5/2022, Strike Price
$98.62, Expires
05/05/22 (JPM) 		1   (493,086)   (233)
FNCL 3% expiration date 6/2022, Strike Price
$99.62, Expires
06/06/22 (JPM) 		1   (1,992,344)   (5,260)
          (5,784)
Call Swaption — (0.0)%
Sell Protection on Markit CDX.NA.IG.37 Index; Receive 1.00% (Quarterly); Credit Default Swap Maturing 12/20/2026 USD, Strike Price $120.00, Expires 07/20/22 (BNP) 1   (1,300,000)   (1,006)
  Number of
Contracts 		  Notional
Amount 		  Value
Put Options — (0.0)%
FNCL 3% expiration date 4/2022, Strike Price
$100.41, Expires
04/06/22 (JPM) 		1   $(1,506,211)   $(35,763)
FNCL 3% expiration date 5/2022, Strike Price
$98.91, Expires
05/05/22 (JPM) 		1   (494,570)   (7,311)
FNCL 3% expiration date 5/2022, Strike Price
$99.10, Expires
05/05/22 (JPM) 		1   (198,203)   (3,198)
FNCL 3% expiration date 6/2022, Strike Price
$97.62, Expires
06/06/22 (JPM) 		1   (1,952,344)   (21,505)
          (67,777)
Total Written Options
(Premiums received $ (36,111)) 		      (74,567)
Liabilities in Excess of Other
Assets — (4.1)% 		      (43,840,677)
NET ASSETS — 100.0%       $1,067,447,259
 
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
Euro-Bobl   06/2022   (53)   $(7,555,223)   $218,598
Euro-Bund   06/2022   (1)   (175,518)   8,503
Euro-Schatz   06/2022   (34)   (4,165,020)   34,821
10-Year Japanese Treasury Bond   06/2022   (1)   (1,229,670)   (5,747)
10-Year U.S. Treasury Note   06/2022   (55)   (6,758,125)   220,068
10-Year U.S. Treasury Note   06/2022   1   122,875   (2,860)
U.S. Treasury Long Bond   06/2022   (2)   (300,125)   (4,063)
Ultra 10-Year U.S. Treasury Note   06/2022   (136)   (18,423,750)   506,158
Ultra Long U.S. Treasury Bond   06/2022   (16)   (2,834,000)   115,387
2-Year U.S. Treasury Note   06/2022   2,065   437,618,672   (5,359,853)
5-Year U.S. Treasury Note   06/2022   (1,362)   (156,204,375)   3,728,642
Total Futures Contracts outstanding at March 31, 2022           $240,095,741   $(540,346)
40
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/21/22   U.S. Dollars   17,180,790   Japanese Yen   1,992,000,000   HSBC   $779,825
04/04/22   U.S. Dollars   18,490,281   British Pounds   13,777,000   BNP   392,584
04/04/22   U.S. Dollars   5,151,986   Euro   4,581,000   BAR   83,657
05/04/22   U.S. Dollars   17,756,858   British Pounds   13,489,000   BNP   40,668
05/18/22   U.S. Dollars   1,510,181   Australian Dollars   2,013,000   MSCS   2,735
04/04/22   Canadian Dollars   505,000   U.S. Dollars   401,220   MSCS   2,723
09/15/22   Canadian Dollars   71,000   U.S. Dollars   55,569   HSBC   1,198
06/15/22   U.S. Dollars   181,625   Euro   163,000   TD   761
06/15/22   U.S. Dollars   156,038   Euro   140,000   CITI   694
04/04/22   U.S. Dollars   3,714   Japanese Yen   435,000   UBS   141
Subtotal Appreciation                   $1,304,986
06/15/22   U.S. Dollars   29,778   Euro   27,000   WEST   $(181)
06/15/22   U.S. Dollars   174,531   Euro   159,000   RBS   (1,895)
04/04/22   British Pounds   288,000   U.S. Dollars   380,667   MSCS   (2,346)
04/04/22   Euro   1,527,000   U.S. Dollars   1,693,915   BAR   (4,472)
04/04/22   U.S. Dollars   272,945   Australian Dollars   372,000   HSBC   (5,435)
06/15/22   U.S. Dollars   299,636   Canadian Dollars   382,000   MSCS   (5,867)
06/15/22   U.S. Dollars   215,759   Australian Dollars   298,000   UBS   (7,536)
05/03/22   U.S. Dollars   8,284,146   Canadian Dollars   10,373,771   BNP   (12,612)
05/06/22   Japanese Yen   811,478,738   U.S. Dollars   6,689,691   BAR   (18,893)
04/04/22   Euro   3,055,000   U.S. Dollars   3,417,188   GSC   (37,196)
09/15/22   U.S. Dollars   1,658,941   Canadian Dollars   2,124,000   HSBC   (39,274)
04/04/22   Japanese Yen   415,400,000   U.S. Dollars   3,512,646   BAR   (100,188)
04/04/22   Japanese Yen   398,100,000   U.S. Dollars   3,407,556   DEUT   (137,216)
06/15/22   U.S. Dollars   16,475,885   Euro   14,973,000   BNP   (138,140)
04/04/22   U.S. Dollars   3,968,665   Australian Dollars   5,517,253   JPM   (160,092)
04/04/22   U.S. Dollars   8,516,780   Canadian Dollars   10,867,640   JPM   (176,111)
04/04/22   U.S. Dollars   5,745,814   Australian Dollars   8,026,763   MSCS   (260,899)
Subtotal Depreciation                   $(1,108,353)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $196,633
Swap Agreements outstanding at March 31, 2022:
Reference Obligation   Fixed
Deal
(Pay) Rate 		  Maturity
Date 		  Counterparty   Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Credit Default Swaps on Sovereign Issuers—Buy Protection                                
Peoples Republic of China, 7.5% due 10/28/27 (Pay Quarterly)   (1.00)%   6/20/2024   MSCS   USD   1,600,000   $(25,401)   $(35,993)   $10,592
    $(25,401)   $(35,993)   $10,592
    
Reference Obligation   Fixed
Deal
(Pay) Rate 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swaps on Credit Indexes—Buy Protection                            
Markit CDX.NA.IG.37 Index (Pay Quarterly)   (1.00)%   12/20/2026   USD   36,100,000   $(635,109)   $(887,430)   $252,321
CDX.NA.HY.38 (Pay Quarterly)   (5.00)%   6/20/2027   USD   1,130,000   (64,391)   (66,772)   2,381
Subtotal Appreciation                   $(699,500)   $(954,202)   $254,702
41
LOW-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
Reference Obligation   Fixed
Deal
(Pay) Rate 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Markit CDX.NA.IG.37 Index (Pay Quarterly)   (1.00)%   12/20/2026   USD   5,660,000   $(99,734)   $(83,437)   $(16,297)
Subtotal Depreciation                   $(99,734)   $(83,437)   $(16,297)
Net Centrally Cleared Credit Default Swaps on Credit Indexes—Buy Protection outstanding at March 31, 2022   $(799,234)   $(1,037,639)   $238,405
    
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swaps                        
1-Month LIBOR + .098% (Quarterly)   3-Month LIBOR (Quarterly)   1/13/2023   USD   25,000,000   $(5,578)   $—   $(5,578)
    $(5,578)   $  —   $(5,578)
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
42
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Par   Value
AGENCY OBLIGATIONS — 1.1%
Federal Farm Credit Banks Funding Corporation        
1.70%, 04/23/35 $3,800,000   $3,318,893
Federal Home Loan Mortgage Corporation        
0.65%, 10/22/25 7,100,000   6,694,313
0.65%, 10/27/25 7,200,000   6,709,443
0.80%, 10/28/26 7,200,000   6,631,718
Federal National Mortgage Association        
6.63%, 11/15/30 670,000   878,706
Total Agency Obligations
(Cost $25,932,959) 		    24,233,073
ASSET-BACKED SECURITIES — 5.2%
522 Funding CLO, Ltd., Series 2020-6A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.15%, 1.15% Floor), 1.41%, 10/23/34 144A † 1,110,000   1,098,866
A10 Bridge Asset Financing LLC, Series 2020-C, Class A      
2.02%, 08/15/40 144A 793,448   793,801
ABPCI Direct Lending Fund CLO X LP, Series 2020-10A, Class A1A      
(Floating, ICE LIBOR USD 3M + 1.95%, 1.95% Floor), 2.20%, 01/20/32 144A † 970,000   971,383
Allegro CLO XI, Ltd., Series 2019-2A, Class A1A      
(Floating, ICE LIBOR USD 3M + 1.39%, 1.39% Floor), 1.64%, 01/19/33 144A † 500,000   499,820
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2005-R10, Class M3      
(Floating, ICE LIBOR USD 1M + 0.68%, 0.68% Floor), 1.13%, 01/25/36† 2,900,000   2,875,683
AMMC CLO XI, Ltd., Series 2012-11A, Class A1R2      
(Floating, ICE LIBOR USD 3M + 1.01%), 1.31%, 04/30/31 144A † 710,000   704,293
Apidos CLO XXIII, Series 2015-23A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.22%, 1.22% Floor), 1.46%, 04/15/33 144A † 1,500,000   1,496,578
Apidos CLO XXXV, Series 2021-35A, Class A      
(Floating, ICE LIBOR USD 3M + 1.05%, 1.05% Floor), 1.30%, 04/20/34 144A † 540,000   534,572
    Par   Value
Arbor Realty Commercial Real Estate Notes, Ltd., Series 2022-FL1, Class A      
(Floating, U.S. 30-Day Average SOFR + 1.45%, 1.45% Floor), 1.50%, 01/15/37 144A † $1,500,000   $1,492,686
Ballyrock CLO, Ltd., Series 2018-1A, Class C      
(Floating, ICE LIBOR USD 3M + 3.15%), 3.40%, 04/20/31 144A † 750,000   732,807
Ballyrock CLO, Ltd., Series 2019-2A, Class A1BR      
(Floating, ICE LIBOR USD 3M + 1.20%, 1.20% Floor), 1.68%, 11/20/30 144A † 490,000   480,790
Basswood Park CLO, Ltd., Series 2021-1A, Class A      
(Floating, ICE LIBOR USD 3M + 1.00%, 1.00% Floor), 1.25%, 04/20/34 144A † 1,500,000   1,474,775
BCRED MML CLO LLC, Series 2022-1A, Class A1      
(Floating, CME Term SOFR 3M + 1.65%, 1.65% Floor), 2.24%, 04/20/35 144A † 820,000   818,527
Bear Stearns Asset Backed Securities Trust, Series 2007-SD1, Class 1A2A      
6.00%, 10/25/36 802,009   498,219
Bear Stearns Asset Backed Securities Trust, Series 2007-SD1, Class 1A3A      
6.50%, 10/25/36 2,063,900   1,268,140
BlueMountain CLO XXVIII, Ltd., Series 2021-28A, Class A      
(Floating, ICE LIBOR USD 3M + 1.26%, 1.26% Floor), 1.50%, 04/15/34 144A † 400,000   396,490
BlueMountain CLO, Ltd., Series 2013-2A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.18%), 1.44%, 10/22/30 144A † 490,193   489,344
Carlyle Global Market Strategies CLO, Ltd., Series 2014-3RA, Class A1A      
(Floating, ICE LIBOR USD 3M + 1.05%), 1.32%, 07/27/31 144A † 317,386   316,025
Carrington Mortgage Loan Trust, Series 2005-OPT2, Class M4      
(Floating, ICE LIBOR USD 1M + 0.98%, 0.98% Floor), 1.43%, 05/25/35† 755,172   754,613
 
43
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Cayuga Park CLO, Ltd., Series 2020-1A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.12%, 1.12% Floor), 1.36%, 07/17/34 144A † $790,000   $779,625
Cedar Funding V CLO, Ltd., Series 2016-5A, Class AFRR      
1.94%, 07/17/31 144A 560,000   561,005
Credit Suisse European Mortgage Capital, Ltd., Series 2019-1OTF, Class A      
(Floating, ICE LIBOR USD 3M + 2.90%), 3.20%, 08/09/24 144A † 955,000   934,161
CWABS, Inc. Asset-Backed Certificates, Series 2004-1, Class M1      
(Floating, ICE LIBOR USD 1M + 0.75%, 0.75% Floor), 1.21%, 03/25/34† 76,665   75,803
CWHEQ Revolving Home Equity Loan Trust, Series 2005-F, Class 2A      
(Floating, ICE LIBOR USD 1M + 0.24%, 0.24% Floor, 16.00% Cap), 0.64%, 12/15/35† 23,338   22,597
Dryden 75 CLO, Ltd., Series 2019-75A, Class AR2      
(Floating, ICE LIBOR USD 3M + 1.04%, 1.04% Floor), 1.28%, 04/15/34 144A † 250,000   247,327
Dryden 77 CLO, Ltd., Series 2020-77A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.12%, 1.12% Floor), 1.60%, 05/20/34 144A † 6,500,000   6,439,875
Dryden 87 CLO, Ltd., Series 2021-87A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.10%, 1.10% Floor), 1.58%, 05/20/34 144A † 480,000   473,262
ECMC Group Student Loan Trust, Series 2017-1A, Class A      
(Floating, ICE LIBOR USD 1M + 1.20%), 1.66%, 12/27/66 144A † 785,541   792,357
Elmwood CLO IV, Ltd., Series 2020-1A, Class A      
(Floating, ICE LIBOR USD 3M + 1.24%, 1.24% Floor), 1.48%, 04/15/33 144A † 2,550,000   2,538,757
Federal National Mortgage Association Grantor Trust, Series 2017-T1      
2.90%, 06/25/27 99,486   99,864
Financial Asset Securities Corporation AAA Trust, Series 2005-1A, Class 1A3B      
(Floating, ICE LIBOR USD 1M + 0.41%, 0.41% Floor), 0.86%, 02/27/35 144A † 317,922   297,527
    Par   Value
Fortress Credit Bsl X, Ltd., Series 2021-1A, Class A      
(Floating, ICE LIBOR USD 3M + 1.47%, 1.47% Floor), 1.72%, 04/20/33 144A † $2,190,000   $2,192,017
GLS Auto Receivables Trust, Series 2022-1A, Class A      
1.98%, 08/15/25 144A 2,100,000   2,096,849
GMACM Home Equity Loan Trust, Series 2007-HE3, Class 2A1      
6.03%, 09/25/37† γ 28,797   27,225
GoldenTree Loan Opportunities IX, Ltd., Series 2014-9A, Class AR2      
(Floating, ICE LIBOR USD 3M + 1.11%, 1.11% Floor), 1.41%, 10/29/29 144A † 973,621   970,618
Golub Capital Partners CLO 25M, Ltd., Series 2015-25A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.38%, 1.38% Floor), 1.70%, 05/05/30 144A † 1,640,000   1,626,331
Golub Capital Partners CLO 45M, Ltd., Series 2019-45A, Class A      
(Floating, ICE LIBOR USD 3M + 1.72%, 1.72% Floor), 1.97%, 10/20/31 144A † 250,000   250,147
GoodLeap Sustainable Home Solutions Trust, Series 2021-3CS, Class A      
2.10%, 05/20/48 144A 2,160,941   1,996,926
Greywolf CLO V, Ltd., Series 2015-1A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.16%, 1.16% Floor), 1.42%, 01/27/31 144A † 500,000   498,654
HalseyPoint CLO, Ltd., Series 2020-3A, Class A1A      
(Floating, ICE LIBOR USD 3M + 1.45%, 1.45% Floor), 1.75%, 11/30/32 144A † 530,000   527,191
Higher Education Funding I, Series 2014-1, Class A      
(Floating, ICE LIBOR USD 3M + 1.05%), 1.55%, 05/25/34 144A † 387,149   387,595
Hildene Community Funding CDO, Ltd., Series 2015-1A, Class ARR      
2.60%, 11/01/35 144A 750,000   686,271
HPS Loan Management, Ltd., Series 2021-16A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.14%, 1.14% Floor), 1.40%, 01/23/35 144A † 640,000   632,885
ICG U.S. CLO, Ltd., Series 2017-1A, Class ARR      
(Floating, ICE LIBOR USD 3M + 1.17%, 1.17% Floor), 1.45%, 07/28/34 144A † 1,500,000   1,485,251
 
44
    Par   Value
InStar Leasing III LLC, Series 2021-1A, Class A      
2.30%, 02/15/54 144A $954,273   $888,986
KKR CLO, Ltd., Series 32A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.32%, 1.32% Floor), 1.56%, 01/15/32 144A † 340,000   338,891
KREF, Ltd., Series 2021-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.07%, 1.07% Floor), 1.51%, 02/15/39 144A † 1,560,000   1,547,260
LCCM Trust, Series 2021-FL2, Class A      
(Floating, ICE LIBOR USD 1M + 1.20%, 1.20% Floor), 1.60%, 12/13/38 144A † 750,000   743,542
LCM XVIII LP, Series 19A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.24%, 1.24% Floor), 1.48%, 07/15/27 144A † 95,348   95,298
Lendmark Funding Trust, Series 2021-1A, Class A      
1.90%, 11/20/31 144A 2,200,000   1,994,222
Magnetite VIII, Ltd., Series 2014-8A, Class CR2      
(Floating, ICE LIBOR USD 3M + 1.85%, 1.85% Floor), 2.09%, 04/15/31 144A † 500,000   496,445
Mariner Finance Issuance Trust, Series 2021-AA, Class A      
1.86%, 03/20/36 144A 2,200,000   2,013,889
MF1, Ltd., Series 2021-FL6, Class A      
(Floating, ICE LIBOR USD 1M + 1.10%, 1.10% Floor), 1.57%, 07/16/36 144A † 900,000   889,382
Mississippi Higher Education Assistance Corporation, Series 2014-1, Class A1      
(Floating, ICE LIBOR USD 1M + 0.68%, 0.68% Floor), 1.14%, 10/25/35† 332,677   332,501
Mosaic Solar Loan Trust, Series 2021-1A, Class D      
3.71%, 12/20/46 144A 392,103   375,488
Mosaic Solar Loan Trust, Series 2022-1A, Class A      
2.64%, 01/20/53 144A 2,100,000   1,985,016
Navient Private Education Loan Trust, Series 2015-BA, Class A3      
(Floating, ICE LIBOR USD 1M + 1.45%), 1.85%, 07/16/40 144A † 2,100,028   2,105,652
Navient Student Loan Trust, Series 2016-3A, Class A3      
(Floating, ICE LIBOR USD 1M + 1.35%), 1.81%, 06/25/65 144A † 1,259,316   1,284,892
Navient Student Loan Trust, Series 2016-6A, Class A3      
(Floating, ICE LIBOR USD 1M + 1.30%), 1.76%, 03/25/66 144A † 3,176,000   3,251,454
    Par   Value
Navient Student Loan Trust, Series 2017-2A, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%), 1.51%, 12/27/66 144A † $1,249,521   $1,255,310
Navient Student Loan Trust, Series 2020-1A, Class A1B      
(Floating, ICE LIBOR USD 1M + 1.05%, 1.05% Floor), 1.51%, 06/25/69 144A † 1,965,554   1,978,245
Neuberger Berman Loan Advisers CLO, Ltd., Series 2018-29A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.13%, 1.13% Floor), 1.38%, 10/19/31 144A † 750,000   746,401
Oak Street Investment Grade Net Lease Fund, Series 2020-1A, Class A1      
1.85%, 11/20/50 144A 664,189   624,724
Octagon Investment Partners 36, Ltd., Series 2018-1A, Class A1      
(Floating, ICE LIBOR USD 3M + 0.97%), 1.21%, 04/15/31 144A † 700,000   693,430
Octagon Investment Partners XXI, Ltd., Series 2014-1A, Class AAR3      
(Floating, ICE LIBOR USD 3M + 1.00%, 1.00% Floor), 1.39%, 02/14/31 144A † 530,000   524,745
Owl Rock CLO III, Ltd., Series 2020-3A, Class A1L      
(Floating, ICE LIBOR USD 3M + 1.80%), 2.05%, 04/20/32 144A † 600,000   601,481
PHEAA Student Loan Trust, Series 2012-1A, Class A1      
(Floating, ICE LIBOR USD 1M + 0.55%), 1.01%, 05/25/57 144A † 388,431   383,281
PHEAA Student Loan Trust, Series 2016-1A, Class A      
(Floating, ICE LIBOR USD 1M + 1.15%, 1.15% Floor), 1.61%, 09/25/65 144A † 364,299   367,351
PHEAA Student Loan Trust, Series 2016-2A, Class A      
(Floating, ICE LIBOR USD 1M + 0.95%), 1.41%, 11/25/65 144A † 330,034   327,153
Point Au Roche Park CLO, Ltd., Series 2021-1A, Class A      
(Floating, ICE LIBOR USD 3M + 1.08%, 1.08% Floor), 1.33%, 07/20/34 144A † 1,170,000   1,151,956
Recette CLO, Ltd., Series 2015-1A, Class ARR      
(Floating, ICE LIBOR USD 3M + 1.08%), 1.33%, 04/20/34 144A † 340,000   334,864
45
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
REESE PARK CLO, Ltd., Series 2020-1A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.13%, 1.13% Floor), 1.37%, 10/15/34 144A † $1,350,000   $1,335,391
Saxon Asset Securities Trust, Series 2004-1, Class M1      
(Floating, ICE LIBOR USD 1M + 0.80%, 0.80% Floor, 10.28% Cap), 1.25%, 03/25/35† 87,927   85,161
SBA Small Business Investment Cos., Series 2018-10B, Class 1      
3.55%, 09/10/28 119,771   120,642
Shackleton CLO, Ltd., Series 2019-14A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.20%, 1.20% Floor), 1.45%, 07/20/34 144A † 8,700,000   8,603,243
SLC Student Loan Trust, Series 2005-3, Class A3      
(Floating, ICE LIBOR USD 3M + 0.12%), 0.95%, 06/15/29† 184,149   183,348
SLM Student Loan Trust, Series 2003-10A, Class A3      
(Floating, ICE LIBOR USD 3M + 0.47%), 1.30%, 12/15/27 144A † 79,131   79,115
SLM Student Loan Trust, Series 2005-4, Class A3      
(Floating, ICE LIBOR USD 3M + 0.12%), 0.38%, 01/25/27† 36,829   36,674
SLM Student Loan Trust, Series 2005-5, Class A4      
(Floating, ICE LIBOR USD 3M + 0.14%, 0.14% Floor), 0.40%, 10/25/28† 289,131   288,070
SMB Private Education Loan Trust, Series 2020-BA, Class A1A      
1.29%, 07/15/53 144A 386,934   368,395
SMB Private Education Loan Trust, Series 2021-A, Class A2B      
1.59%, 01/15/53 144A 1,530,000   1,425,722
SMB Private Education Loan Trust, Series 2021-A, Class B      
2.31%, 01/15/53 144A 660,000   617,030
SMB Private Education Loan Trust, Series 2021-C, Class B      
2.30%, 01/15/53 144A 580,000   542,300
Sonic Capital LLC, Series 2020-1A, Class A2I      
3.85%, 01/20/50 144A 659,392   646,438
Sound Point CLO XX, Ltd., Series 2018-2A, Class A      
(Floating, ICE LIBOR USD 3M + 1.10%), 1.37%, 07/26/31 144A † 500,000   496,718
Stonepeak, Series 2021-1A, Class AA      
2.30%, 02/28/33 144A 2,116,481   2,003,152
Structured Asset Investment Loan Trust, Series 2005-1, Class M3      
(Floating, ICE LIBOR USD 1M + 0.78%, 0.78% Floor), 1.24%, 02/25/35 144A † 2,544,112   2,540,597
    Par   Value
STWD, Ltd., Series 2022-FL3, Class E      
(Floating, U.S. 30-Day Average SOFR + 3.25%, 3.25% Floor), 3.30%, 11/15/38 144A † $1,210,000   $1,191,646
Sunrun Demeter Issuer LLC, Series 2021-2A, Class A      
2.27%, 01/30/57 144A 2,283,105   2,149,184
Trysail CLO, Ltd., Series 2021-1A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.32%, 1.32% Floor), 1.57%, 07/20/32 144A † 2,900,000   2,894,884
United States Small Business Administration, Series 2019-20D, Class 1      
2.98%, 04/01/39 106,140   106,542
United States Small Business Administration, Series 2019-25G, Class 1      
2.69%, 07/01/44 184,418   185,611
Venture 39 CLO, Ltd., Series 2020-39A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.28%, 1.28% Floor), 1.52%, 04/15/33 144A † 2,525,000   2,508,547
Voya CLO, Ltd., Series 2016-3A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.19%), 1.43%, 10/18/31 144A † 500,000   498,601
Voya CLO, Ltd., Series 2017-3A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.04%), 1.29%, 04/20/34 144A † 490,000   484,802
Voya CLO, Ltd., Series 2018-3A, Class A1A      
(Floating, ICE LIBOR USD 3M + 1.15%, 1.15% Floor), 1.39%, 10/15/31 144A † 1,250,000   1,244,754
Voya CLO, Ltd., Series 2019-1A, Class AR      
(Floating, ICE LIBOR USD 3M + 1.06%, 1.06% Floor), 1.30%, 04/15/31 144A † 1,700,000   1,688,430
Wellfleet CLO X, Ltd., Series 2019-XA, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.17%), 1.42%, 07/20/32 144A † 6,900,000   6,861,456
Whitebox CLO II, Ltd., Series 2020-2A, Class A1R      
(Floating, ICE LIBOR USD 3M + 1.22%, 1.22% Floor), 1.48%, 10/24/34 144A † 650,000   641,881
Whitebox CLO III, Ltd., Series 2021-3A, Class A1      
(Floating, ICE LIBOR USD 3M + 1.22%, 1.22% Floor), 1.34%, 10/15/34 144A † 780,000   770,250
 
46
    Par   Value
Whitehorse XII, Ltd., Series 2018-12A, Class D      
(Floating, ICE LIBOR USD 3M + 3.65%, 3.65% Floor), 3.89%, 10/15/31 144A † $750,000   $703,612
Total Asset-Backed Securities
(Cost $115,496,775) 		    112,971,587
COMMERCIAL PAPER — 2.4%
AT&T, Inc.      
0.91%, 08/16/22Ω 3,500,000   3,479,110
Banque et Caisse d'Epargne de l'Etat      
0.79%, 06/06/22Ω 768,000   767,002
0.99%, 07/20/22Ω 7,600,000   7,576,379
BASF SE      
1.69%, 09/06/22Ω 2,855,000   2,833,690
Entergy Corporation      
1.22%, 06/07/22Ω 2,894,000   2,889,080
Fairway Finance Co. LLC      
1.10%, 07/13/22Ω 2,615,000   2,606,872
Fidelity National Information Services, Inc.      
0.72%, 04/12/22Ω ††† 3,300,000   3,299,214
First Abu Dhabi Bank PJSC      
(Floating, U.S. SOFR + 0.40%), 0.69%, 07/01/22 144A † 5,583,000   5,583,205
LMA-Americas LLC      
1.20%, 07/27/22Ω 5,500,000   5,479,575
Nieuw Amsterdam Receivables Corporation      
0.58%, 04/14/22Ω ††† 1,238,000   1,237,732
Nutrien, Ltd.      
0.78%, 05/05/22Ω ††† 3,216,000   3,213,570
Old Line Funding LLC      
1.06%, 07/08/22Ω 2,922,000   2,913,587
Salisbury Receivables Co. LLC      
0.87%, 05/10/22Ω ††† 1,318,000   1,316,758
Skandinaviska Enskilda Banken AB      
0.87%, 06/21/22Ω 2,300,000   2,295,819
Svenska Handelsbanken AB      
0.84%, 07/01/22Ω 800,000   798,311
Versailles Commercial Paper LLC      
1.19%, 07/05/22Ω 1,477,000   1,472,868
Xcel Energy, Inc.      
1.24%, 06/13/22Ω 3,500,000   3,491,381
Total Commercial Paper
(Cost $51,258,626) 		    51,254,153
CORPORATE BONDS — 31.5%
3M Co.      
2.38%, 08/26/29 210,000   199,949
3.05%, 04/15/30 50,000   49,776
3.70%, 04/15/50Δ 570,000   577,898
7-Eleven, Inc.      
1.30%, 02/10/28 144A 725,000   635,896
Abbott Laboratories      
2.95%, 03/15/25 35,000   35,256
4.75%, 11/30/36 210,000   244,571
    Par   Value
4.90%, 11/30/46 $210,000   $256,492
Adobe, Inc.      
2.30%, 02/01/30 650,000   615,802
ADT Security Corporation (The)      
4.13%, 08/01/29 144A 10,000   9,301
Adventist Health System      
2.95%, 03/01/29 160,000   155,994
Aetna, Inc.      
2.80%, 06/15/23 50,000   50,213
Air Lease Corporation      
3.38%, 07/01/25 1,430,000   1,411,034
2.88%, 01/15/26 1,600,000   1,546,343
3.75%, 06/01/26 875,000   871,084
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.15%), 4.13%, 12/15/26ρ Δ ^ 600,000   511,500
3.25%, 10/01/29 45,000   42,624
3.00%, 02/01/30 40,000   36,893
Alaska Airlines Pass-Through Trust, Series 2020-1, Class A      
4.80%, 08/15/27 144A 1,500,110   1,537,190
Alexandria Real Estate Equities, Inc. REIT      
3.80%, 04/15/26Δ 1,325,000   1,350,360
2.75%, 12/15/29 1,400,000   1,328,857
3.38%, 08/15/31 325,000   320,384
Allegion U.S. Holding Co., Inc.      
3.20%, 10/01/24 400,000   395,489
Alliant Energy Finance LLC      
3.75%, 06/15/23 144A 1,375,000   1,391,067
4.25%, 06/15/28 144A 75,000   77,575
Allied Universal Holdco LLC      
6.63%, 07/15/26 144A 10,000   10,132
Ally Financial, Inc.      
1.45%, 10/02/23 250,000   244,260
Alphabet, Inc.      
0.45%, 08/15/25Δ 60,000   56,044
2.00%, 08/15/26 30,000   29,271
0.80%, 08/15/27Δ 130,000   117,539
1.10%, 08/15/30Δ 150,000   131,270
2.05%, 08/15/50 230,000   182,028
Amazon.com, Inc.      
0.80%, 06/03/25Δ 310,000   293,506
5.20%, 12/03/25Δ 55,000   59,321
1.20%, 06/03/27Δ 390,000   360,238
3.15%, 08/22/27 270,000   273,816
1.50%, 06/03/30 190,000   170,256
2.10%, 05/12/31 170,000   158,184
4.80%, 12/05/34 75,000   86,358
3.88%, 08/22/37 2,660,000   2,822,207
4.95%, 12/05/44 220,000   268,135
4.05%, 08/22/47 290,000   316,435
2.50%, 06/03/50Δ 310,000   259,665
3.10%, 05/12/51Δ 140,000   132,041
4.25%, 08/22/57 160,000   181,847
47
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Amdocs, Ltd.      
2.54%, 06/15/30 $1,975,000   $1,796,169
American Airlines Pass-Through Trust, Series 2013-1, Class A      
4.00%, 07/15/25 683,095   635,199
American Airlines Pass-Through Trust, Series 2017-2, Class AA      
3.35%, 10/15/29Δ 1,702,202   1,635,879
American Airlines Pass-Through Trust, Series 2021-1, Class A      
2.88%, 07/11/34Δ 2,300,000   2,084,746
American Campus Communities Operating Partnership LP REIT      
3.75%, 04/15/23 525,000   530,502
2.85%, 02/01/30 40,000   37,552
American Express Co.      
2.50%, 07/30/24 1,995,000   1,986,630
2.55%, 03/04/27 2,100,000   2,044,434
3.30%, 05/03/27 144A 65,000   65,390
American Homes 4 Rent LP REIT      
4.90%, 02/15/29 309,000   329,168
2.38%, 07/15/31 205,000   181,312
American International Group, Inc.      
4.13%, 02/15/24 75,000   76,738
2.50%, 06/30/25 150,000   146,833
3.90%, 04/01/26 825,000   846,874
4.20%, 04/01/28 2,300,000   2,391,638
3.40%, 06/30/30 250,000   249,677
3.88%, 01/15/35 35,000   35,740
4.38%, 01/15/55 25,000   26,825
American Tower Corporation REIT      
3.38%, 05/15/24 825,000   828,061
3.38%, 10/15/26 1,500,000   1,482,288
American Transmission Systems, Inc.      
2.65%, 01/15/32 144A 260,000   240,512
Amgen, Inc.      
3.63%, 05/22/24Δ 50,000   50,958
4.66%, 06/15/51 34,000   37,578
Anthem, Inc.      
2.95%, 12/01/22 390,000   392,815
3.35%, 12/01/24 130,000   131,090
3.65%, 12/01/27Δ 250,000   255,485
2.55%, 03/15/31 2,100,000   1,964,258
Apache Corporation      
7.75%, 12/15/29 70,000   82,453
5.10%, 09/01/40 180,000   181,707
5.25%, 02/01/42 30,000   29,989
4.75%, 04/15/43 40,000   37,886
4.25%, 01/15/44 300,000   263,193
5.35%, 07/01/49 140,000   135,007
Appalachian Power Co.      
2.70%, 04/01/31 2,200,000   2,041,655
Apple, Inc.      
1.13%, 05/11/25 630,000   602,008
3.25%, 02/23/26 30,000   30,581
2.45%, 08/04/26 595,000   588,370
4.50%, 02/23/36 55,000   63,012
2.70%, 08/05/51 60,000   52,335
    Par   Value
Arch Capital Finance LLC      
4.01%, 12/15/26 $600,000   $612,989
Arch Capital Group, Ltd.      
7.35%, 05/01/34Δ 175,000   228,823
Archer-Daniels-Midland Co.      
3.25%, 03/27/30 150,000   151,373
Arrow Electronics, Inc.      
4.50%, 03/01/23 1,200,000   1,217,339
Ashtead Capital, Inc.      
1.50%, 08/12/26 144A 350,000   318,144
AT&T, Inc.      
4.45%, 04/01/24 725,000   746,614
2.30%, 06/01/27 430,000   410,426
1.65%, 02/01/28 540,000   492,983
2.75%, 06/01/31Δ 175,000   164,328
2.25%, 02/01/32 1,700,000   1,509,998
2.55%, 12/01/33Δ 2,894,000   2,576,941
5.25%, 03/01/37 225,000   256,500
4.90%, 08/15/37 200,000   220,855
5.35%, 09/01/40 80,000   91,834
6.38%, 03/01/41 325,000   422,034
3.50%, 06/01/41 400,000   369,328
5.55%, 08/15/41Δ 40,000   46,790
3.10%, 02/01/43 1,110,000   961,110
4.35%, 06/15/45 94,000   95,154
5.15%, 11/15/46 125,000   142,160
5.45%, 03/01/47 575,000   690,816
4.50%, 03/09/48 197,000   207,533
5.15%, 02/15/50 200,000   228,836
3.65%, 06/01/51 725,000   662,012
3.30%, 02/01/52 80,000   68,828
3.50%, 09/15/53 2,143,000   1,888,575
3.55%, 09/15/55 301,000   266,505
3.80%, 12/01/57 90,000   82,470
3.65%, 09/15/59 127,000   111,813
AutoNation, Inc.      
1.95%, 08/01/28Δ 150,000   134,555
4.75%, 06/01/30 225,000   234,964
Avangrid, Inc.      
3.20%, 04/15/25 275,000   274,439
Aviation Capital Group LLC      
5.50%, 12/15/24 144A 2,000,000   2,060,432
1.95%, 01/30/26 144A 400,000   367,858
Baker Hughes Holdings LLC      
4.49%, 05/01/30 60,000   64,152
Ball Corporation      
3.13%, 09/15/31 280,000   250,852
Bank of America Corporation      
3.30%, 01/11/23 120,000   121,377
(Variable, ICE LIBOR USD 3M + 0.79%), 3.00%, 12/20/23^ 329,000   329,955
(Variable, ICE LIBOR USD 3M + 0.78%), 3.55%, 03/05/24^ 530,000   533,277
4.00%, 04/01/24 420,000   431,282
(Floating, ICE LIBOR USD 3M + 0.96%), 1.22%, 07/23/24† 900,000   904,594
(Variable, ICE LIBOR USD 3M + 0.94%), 3.86%, 07/23/24^ 225,000   227,611
 
48
    Par   Value
4.20%, 08/26/24 $1,295,000   $1,327,161
(Variable, ICE LIBOR USD 3M + 3.71%), 6.25%, 09/05/24ρ ^ 300,000   310,860
(Variable, ICE LIBOR USD 3M + 4.17%), 6.50%, 10/23/24ρ Δ ^ 150,000   157,125
4.00%, 01/22/25 440,000   448,382
(Variable, ICE LIBOR USD 3M + 0.97%), 3.46%, 03/15/25^ 60,000   60,388
(Variable, ICE LIBOR USD 3M + 1.09%), 3.09%, 10/01/25^ 2,265,000   2,258,764
(Variable, U.S. SOFR + 0.65%), 1.53%, 12/06/25^ 2,300,000   2,201,118
(Variable, ICE LIBOR USD 3M + 0.81%), 3.37%, 01/23/26^ 10,000   10,012
4.45%, 03/03/26 420,000   434,779
3.50%, 04/19/26 1,260,000   1,276,825
(Variable, U.S. SOFR + 1.15%), 1.32%, 06/19/26^ 60,000   56,297
4.25%, 10/22/26 480,000   494,623
(Variable, U.S. SOFR + 1.01%), 1.20%, 10/24/26^ 2,200,000   2,035,859
(Variable, ICE LIBOR USD 3M + 1.06%), 3.56%, 04/23/27^ 65,000   65,245
3.25%, 10/21/27Δ 875,000   872,016
4.18%, 11/25/27 2,025,000   2,067,088
(Variable, ICE LIBOR USD 3M + 1.37%), 3.59%, 07/21/28^ 860,000   862,656
(Variable, ICE LIBOR USD 3M + 1.04%), 3.42%, 12/20/28^ 694,000   687,505
(Variable, ICE LIBOR USD 3M + 1.07%), 3.97%, 03/05/29^ 300,000   305,004
(Variable, ICE LIBOR USD 3M + 1.31%), 4.27%, 07/23/29^ 525,000   542,186
(Variable, ICE LIBOR USD 3M + 1.19%), 2.88%, 10/22/30^ 500,000   474,764
(Variable, ICE LIBOR USD 3M + 0.99%), 2.50%, 02/13/31^ 75,000   69,021
(Variable, U.S. SOFR + 2.15%), 2.59%, 04/29/31^ 1,010,000   933,524
(Variable, U.S. SOFR + 1.53%), 1.90%, 07/23/31^ 1,150,000   1,006,210
(Variable, U.S. SOFR + 1.22%), 2.30%, 07/21/32Δ ^ 755,000   672,986
(Variable, U.S. SOFR + 1.21%), 2.57%, 10/20/32^ 1,550,000   1,410,861
(Variable, U.S. SOFR + 1.33%), 2.97%, 02/04/33^ 1,425,000   1,336,746
6.11%, 01/29/37 500,000   599,029
(Variable, ICE LIBOR USD 3M + 1.81%), 4.24%, 04/24/38^ 20,000   20,904
5.00%, 01/21/44 790,000   912,262
(Variable, ICE LIBOR USD 3M + 1.19%), 3.95%, 01/23/49Δ ^ 270,000   274,459
(Variable, ICE LIBOR USD 3M + 1.52%), 4.33%, 03/15/50^ 170,000   183,129
(Variable, ICE LIBOR USD 3M + 3.15%), 4.08%, 03/20/51^ 990,000   1,029,269
(Variable, U.S. SOFR + 1.88%), 2.83%, 10/24/51^ 500,000   427,245
Banner Health      
2.34%, 01/01/30 865,000   805,084
    Par   Value
Barrick North America Finance LLC      
5.70%, 05/30/41 $150,000   $182,902
Bausch Health Americas, Inc.      
9.25%, 04/01/26 144A 200,000   205,046
Baxter International, Inc.      
1.92%, 02/01/27 144A Δ 1,075,000   1,006,329
2.54%, 02/01/32 144A 600,000   548,553
Baylor Scott & White Holdings      
1.78%, 11/15/30 305,000   270,156
Becton, Dickinson and Co.      
3.36%, 06/06/24Δ 377,000   380,394
3.73%, 12/15/24 47,000   47,803
3.70%, 06/06/27Δ 2,260,000   2,296,393
2.82%, 05/20/30 650,000   619,267
4.69%, 12/15/44 94,000   101,311
Berkshire Hathaway Energy Co.      
3.25%, 04/15/28 725,000   726,369
3.70%, 07/15/30 400,000   411,440
Berkshire Hathaway Finance Corporation      
1.85%, 03/12/30 725,000   662,296
4.25%, 01/15/49 460,000   506,052
Berry Global, Inc.      
1.57%, 01/15/26 2,475,000   2,308,869
Biogen, Inc.      
2.25%, 05/01/30 35,000   31,542
Blackstone Private Credit Fund      
2.63%, 12/15/26 144A 70,000   63,108
Block Financial LLC      
3.88%, 08/15/30 1,600,000   1,574,092
Boeing Co. (The)      
1.17%, 02/04/23 2,000,000   1,984,953
1.43%, 02/04/24 2,920,000   2,825,970
4.88%, 05/01/25Δ 450,000   464,681
2.20%, 02/04/26 110,000   104,119
2.70%, 02/01/27Δ 70,000   67,249
2.80%, 03/01/27 110,000   105,415
3.20%, 03/01/29 25,000   23,853
5.15%, 05/01/30 1,200,000   1,281,598
3.25%, 02/01/35 1,575,000   1,409,267
6.63%, 02/15/38 210,000   250,631
3.55%, 03/01/38 70,000   61,671
5.71%, 05/01/40 390,000   436,939
3.85%, 11/01/48 25,000   22,001
3.75%, 02/01/50Δ 200,000   178,714
5.81%, 05/01/50 1,400,000   1,621,576
5.93%, 05/01/60 100,000   115,836
Boston Properties LP REIT      
4.50%, 12/01/28 900,000   950,189
2.55%, 04/01/32Δ 2,200,000   1,987,664
Boston Scientific Corporation      
2.65%, 06/01/30 1,900,000   1,785,318
BP Capital Markets America, Inc.      
3.79%, 02/06/24 50,000   50,889
3.12%, 05/04/26 570,000   569,446
3.54%, 04/06/27 50,000   50,675
49
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
3.94%, 09/21/28 $40,000   $41,461
4.23%, 11/06/28Δ 1,550,000   1,630,253
3.63%, 04/06/30 270,000   275,270
3.00%, 02/24/50 550,000   477,193
Brighthouse Financial, Inc.      
4.70%, 06/22/47 35,000   34,131
Broadcom, Inc.      
2.45%, 02/15/31 144A Δ 2,000,000   1,787,206
4.15%, 04/15/32 710,000   686,057
4.30%, 11/15/32Δ 2,000,000   2,033,559
3.42%, 04/15/33 144A 900,000   841,645
3.47%, 04/15/34 144A 2,090,000   1,939,989
3.14%, 11/15/35 144A 7,389,000   6,525,143
3.19%, 11/15/36 144A 28,000   24,365
3.50%, 02/15/41 144A 325,000   290,283
3.75%, 02/15/51 144A Δ 70,000   62,912
Builders FirstSource, Inc.      
4.25%, 02/01/32 144A 20,000   18,657
Burlington Northern Santa Fe LLC      
2.88%, 06/15/52 70,000   62,167
Calpine Corporation      
4.50%, 02/15/28 144A 495,000   483,714
Camden Property Trust REIT      
3.15%, 07/01/29 65,000   64,353
Cameron LNG LLC      
2.90%, 07/15/31 144A 70,000   66,955
3.30%, 01/15/35 144A 460,000   433,483
Capital One Financial Corporation      
3.50%, 06/15/23 325,000   328,880
3.30%, 10/30/24 345,000   347,161
Cargill, Inc.      
2.13%, 04/23/30 144A 65,000   59,476
Carrier Global Corporation      
2.49%, 02/15/27Δ 1,225,000   1,169,355
2.72%, 02/15/30 650,000   611,636
3.58%, 04/05/50 20,000   18,368
CCO Holdings LLC      
4.75%, 02/01/32 144A 770,000   718,194
4.50%, 05/01/32 10,000   9,161
4.50%, 06/01/33 144A 980,000   880,991
CDW LLC      
3.25%, 02/15/29 70,000   64,405
Centene Corporation      
4.25%, 12/15/27 170,000   170,813
4.63%, 12/15/29 320,000   323,149
3.00%, 10/15/30 20,000   18,400
2.63%, 08/01/31 30,000   26,749
CenterPoint Energy Resources Corporation      
(Floating, ICE LIBOR USD 3M + 0.50%), 1.00%, 03/02/23† 1,208,000   1,204,532
CenterPoint Energy, Inc.      
4.25%, 11/01/28 206,000   212,294
CH Robinson Worldwide, Inc.      
4.20%, 04/15/28 1,500,000   1,545,490
Charles Schwab Corporation (The)      
4.20%, 03/24/25Δ 60,000   62,085
    Par   Value
3.25%, 05/22/29Δ $10,000   $9,972
Charter Communications Operating LLC      
4.46%, 07/23/22 1,700,000   1,706,355
4.91%, 07/23/25 7,040,000   7,307,372
4.20%, 03/15/28 510,000   516,326
2.25%, 01/15/29 2,300,000   2,072,750
5.05%, 03/30/29 460,000   487,666
4.40%, 04/01/33Δ 370,000   369,418
6.38%, 10/23/35 475,000   537,707
5.38%, 04/01/38 180,000   185,307
3.50%, 03/01/42 450,000   373,313
6.48%, 10/23/45 90,000   102,729
4.80%, 03/01/50 360,000   343,051
5.50%, 04/01/63 220,000   221,954
Cheniere Energy Partners LP      
4.00%, 03/01/31 170,000   165,061
3.25%, 01/31/32 144A 80,000   72,872
Chevron Corporation      
1.55%, 05/11/25 310,000   299,302
2.95%, 05/16/26 30,000   30,149
2.00%, 05/11/27Δ 100,000   96,089
Chevron U.S.A., Inc.      
1.02%, 08/12/27 55,000   50,054
3.85%, 01/15/28 550,000   573,663
Choice Hotels International, Inc.      
3.70%, 12/01/29 1,500,000   1,471,140
Chubb INA Holdings, Inc.      
3.35%, 05/03/26Δ 120,000   121,758
Ciena Corporation      
4.00%, 01/31/30 144A Δ 400,000   385,582
Cigna Corporation      
3.75%, 07/15/23 293,000   297,361
3.25%, 04/15/25 65,000   65,411
4.13%, 11/15/25Δ 180,000   185,676
4.38%, 10/15/28 510,000   537,265
2.40%, 03/15/30 1,250,000   1,156,677
4.80%, 08/15/38 900,000   988,296
3.20%, 03/15/40 675,000   615,138
4.90%, 12/15/48 1,050,000   1,181,680
Cintas Corporation No. 2      
2.90%, 04/01/22 180,000   180,000
3.70%, 04/01/27Δ 190,000   194,762
Cisco Systems, Inc.      
5.50%, 01/15/40 75,000   95,052
Citigroup, Inc.      
(Variable, ICE LIBOR USD 3M + 4.07%), 5.95%, 01/30/23ρ Δ ^ 170,000   172,227
3.50%, 05/15/23 220,000   222,395
(Variable, U.S. SOFR + 1.67%), 1.68%, 05/15/24^ 290,000   287,779
(Variable, ICE LIBOR USD 3M + 0.90%), 3.35%, 04/24/25^ 65,000   65,189
(Variable, ICE LIBOR USD 3M + 3.91%), 5.95%, 05/15/25ρ ^ 430,000   438,837
4.40%, 06/10/25 450,000   463,431
5.50%, 09/13/25 490,000   523,650
 
50
    Par   Value
(Variable, U.S. SOFR + 2.84%), 3.11%, 04/08/26^ $190,000   $188,520
3.40%, 05/01/26 2,075,000   2,093,091
(Variable, ICE LIBOR USD 3M + 4.52%), 6.25%, 08/15/26ρ ^ 150,000   157,005
3.20%, 10/21/26 500,000   496,622
4.30%, 11/20/26 1,175,000   1,210,232
4.45%, 09/29/27 3,105,000   3,207,959
(Variable, U.S. SOFR + 1.28%), 3.07%, 02/24/28^ 2,000,000   1,950,134
(Variable, ICE LIBOR USD 3M + 1.39%), 3.67%, 07/24/28^ 150,000   150,213
4.13%, 07/25/28Δ 1,750,000   1,779,982
(Variable, U.S. SOFR + 3.91%), 4.41%, 03/31/31^ 340,000   353,614
(Variable, U.S. SOFR + 2.11%), 2.57%, 06/03/31^ 790,000   725,150
6.63%, 06/15/32 50,000   60,555
(Variable, U.S. SOFR + 1.18%), 2.52%, 11/03/32^ 860,000   773,224
(Variable, U.S. SOFR + 1.94%), 3.79%, 03/17/33^ 540,000   535,930
8.13%, 07/15/39 260,000   394,866
6.68%, 09/13/43 10,000   13,199
5.30%, 05/06/44Δ 24,000   27,405
4.65%, 07/30/45 894,000   985,404
4.75%, 05/18/46 40,000   42,980
4.65%, 07/23/48 160,000   181,494
Citizens Financial Group, Inc.      
2.85%, 07/27/26 65,000   64,052
Citrix Systems, Inc.      
1.25%, 03/01/26 2,100,000   2,044,286
4.50%, 12/01/27 65,000   66,537
Coca-Cola Co. (The)      
3.38%, 03/25/27 120,000   122,929
1.45%, 06/01/27Δ 265,000   249,021
1.65%, 06/01/30 55,000   49,409
2.50%, 06/01/40Δ 20,000   17,801
2.60%, 06/01/50 130,000   111,402
Comcast Corporation      
3.38%, 08/15/25 275,000   278,797
3.95%, 10/15/25Δ 477,000   493,021
3.15%, 03/01/26 130,000   131,243
3.30%, 02/01/27 344,000   349,355
3.30%, 04/01/27 1,710,000   1,732,089
4.15%, 10/15/28Δ 1,180,000   1,241,784
3.40%, 04/01/30 450,000   456,468
4.25%, 10/15/30 520,000   555,497
5.65%, 06/15/35 420,000   504,121
6.50%, 11/15/35 7,000   9,075
3.90%, 03/01/38 65,000   67,169
3.25%, 11/01/39 400,000   380,639
3.75%, 04/01/40 265,000   267,760
3.40%, 07/15/46Δ 50,000   47,141
4.00%, 08/15/47 60,000   61,472
4.00%, 03/01/48 40,000   41,202
4.70%, 10/15/48 100,000   113,251
3.45%, 02/01/50 60,000   56,389
2.80%, 01/15/51 340,000   288,005
    Par   Value
2.89%, 11/01/51 144A $400,000   $338,897
2.94%, 11/01/56 144A 135,000   112,060
CommonSpirit Health      
4.35%, 11/01/42 40,000   40,327
Commonwealth Edison Co.      
3.80%, 10/01/42 300,000   302,859
CommScope, Inc.      
6.00%, 03/01/26 144A 130,000   131,664
4.75%, 09/01/29 144A 10,000   9,224
ConocoPhillips Co.      
6.95%, 04/15/29 220,000   272,084
Consolidated Edison Co. of New York, Inc.      
3.35%, 04/01/30 130,000   129,736
3.95%, 04/01/50Δ 140,000   144,578
Constellation Energy Generation LLC      
3.25%, 06/01/25 1,665,000   1,659,856
Continental Resources, Inc.      
4.50%, 04/15/23 556,000   563,567
2.27%, 11/15/26 144A 140,000   130,900
4.38%, 01/15/28 320,000   324,902
5.75%, 01/15/31 144A 270,000   295,736
4.90%, 06/01/44 180,000   178,467
Corebridge Financial, Inc.      
3.90%, 04/05/32 144A 685,000   683,986
CoStar Group, Inc.      
2.80%, 07/15/30 144A 625,000   572,141
Costco Wholesale Corporation      
1.60%, 04/20/30 600,000   538,316
Coterra Energy, Inc.      
3.90%, 05/15/27 144A 660,000   665,983
4.38%, 03/15/29 144A 650,000   678,148
Cox Communications, Inc.      
2.95%, 10/01/50 144A 45,000   35,563
CRH America Finance, Inc.      
3.40%, 05/09/27 144A Δ 2,100,000   2,096,853
3.95%, 04/04/28 144A 500,000   508,543
Crown Castle International Corporation REIT      
3.15%, 07/15/23 2,325,000   2,341,712
3.10%, 11/15/29 70,000   66,412
CSC Holdings LLC      
3.38%, 02/15/31 144A 980,000   826,909
4.50%, 11/15/31 144A 220,000   197,493
CSX Corporation      
3.80%, 04/15/50Δ 300,000   305,598
CTR Partnership LP      
3.88%, 06/30/28 144A 60,000   56,641
CubeSmart LP REIT      
2.50%, 02/15/32Δ 650,000   582,688
CVS Health Corporation      
2.75%, 12/01/22 210,000   211,067
2.63%, 08/15/24Δ 205,000   204,486
3.88%, 07/20/25 1,363,000   1,391,831
3.63%, 04/01/27 200,000   203,641
4.30%, 03/25/28 576,000   603,538
3.75%, 04/01/30 1,090,000   1,110,549
51
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
1.88%, 02/28/31 $70,000   $61,715
2.13%, 09/15/31Δ 2,740,000   2,452,196
4.78%, 03/25/38 60,000   65,728
4.13%, 04/01/40 80,000   81,596
2.70%, 08/21/40 360,000   307,869
5.13%, 07/20/45 250,000   283,026
5.05%, 03/25/48 1,530,000   1,737,267
4.25%, 04/01/50 80,000   83,291
CVS Pass-Through Trust      
6.94%, 01/10/30 476,223   533,103
CyrusOne LP REIT      
2.90%, 11/15/24 1,500,000   1,504,118
D.R. Horton, Inc.      
4.38%, 09/15/22 800,000   804,014
Daimler Finance North America LLC      
2.55%, 08/15/22 144A 1,700,000   1,706,211
2.70%, 06/14/24 144A 1,900,000   1,886,691
8.50%, 01/18/31 25,000   33,750
Daimler Trucks Finance North America LLC      
(Floating, U.S. SOFR + 0.50%), 0.78%, 06/14/23 144A † 2,300,000   2,293,474
Deere & Co.      
2.75%, 04/15/25 65,000   64,636
3.10%, 04/15/30 50,000   50,139
3.75%, 04/15/50Δ 480,000   509,810
Dell International LLC      
5.45%, 06/15/23 735,000   757,583
5.85%, 07/15/25 25,000   26,706
6.02%, 06/15/26 1,025,000   1,111,267
8.35%, 07/15/46 19,000   27,863
Delta Air Lines, Inc.      
7.00%, 05/01/25 144A 2,460,000   2,636,958
4.50%, 10/20/25 144A 700,000   704,618
4.75%, 10/20/28 144A 350,000   353,292
Deutsche Bank AG      
3.95%, 02/27/23 1,900,000   1,919,311
Devon Energy Corporation      
5.85%, 12/15/25 1,367,000   1,480,697
5.25%, 10/15/27 38,000   39,408
4.50%, 01/15/30 32,000   33,053
5.60%, 07/15/41Δ 477,000   552,286
4.75%, 05/15/42Δ 710,000   752,882
5.00%, 06/15/45Δ 1,240,000   1,355,101
DH Europe Finance II S.a.r.l.      
2.20%, 11/15/24 2,275,000   2,230,483
2.60%, 11/15/29 225,000   214,734
Diamondback Energy, Inc.      
3.25%, 12/01/26 90,000   90,002
3.50%, 12/01/29 310,000   307,431
Discover Financial Services      
3.75%, 03/04/25 450,000   454,410
Discovery Communications LLC      
3.63%, 05/15/30Δ 1,800,000   1,750,885
DISH DBS Corporation      
5.88%, 11/15/24 170,000   169,807
7.75%, 07/01/26 150,000   149,212
    Par   Value
5.25%, 12/01/26 144A $120,000   $114,525
5.75%, 12/01/28 144A 20,000   18,963
5.13%, 06/01/29 140,000   119,406
Dollar Tree, Inc.      
4.00%, 05/15/25 325,000   332,817
4.20%, 05/15/28 400,000   414,321
2.65%, 12/01/31Δ 10,000   9,155
Dominion Energy, Inc.      
3.07%, 08/15/24 STEP 675,000   674,147
3.38%, 04/01/30 225,000   222,260
2.25%, 08/15/31Δ 2,300,000   2,075,009
Duke Energy Corporation      
3.75%, 04/15/24 200,000   203,102
3.15%, 08/15/27 550,000   544,961
2.45%, 06/01/30Δ 1,800,000   1,660,764
Duke Energy Ohio, Inc.      
3.65%, 02/01/29 350,000   356,251
Duke Energy Progress LLC      
3.40%, 04/01/32 2,300,000   2,313,204
Duke Realty LP REIT      
2.25%, 01/15/32Δ 2,300,000   2,071,192
DuPont de Nemours, Inc.      
4.21%, 11/15/23 1,000,000   1,023,796
4.49%, 11/15/25 350,000   364,423
4.73%, 11/15/28 350,000   375,652
DXC Technology Co.      
2.38%, 09/15/28 40,000   36,217
East Ohio Gas Co. (The)      
1.30%, 06/15/25 144A 35,000   33,071
2.00%, 06/15/30 144A 125,000   111,724
Eaton Corporation      
2.75%, 11/02/22 410,000   412,358
4.15%, 11/02/42 200,000   208,632
Ecolab, Inc.      
4.80%, 03/24/30 60,000   66,481
2.75%, 08/18/55Δ 68,000   56,396
Emory University      
1.57%, 09/01/25 1,600,000   1,529,866
2.14%, 09/01/30 1,170,000   1,098,044
Energy Transfer LP      
(Variable, ICE LIBOR USD 3M + 4.03%), 6.25%, 02/15/23ρ Δ ^ 60,000   51,525
4.20%, 09/15/23 625,000   633,563
4.50%, 11/01/23 310,000   314,862
4.25%, 04/01/24 100,000   102,006
4.50%, 04/15/24 230,000   235,485
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 5.13%), 6.75%, 05/15/25ρ ^ 280,000   273,350
5.95%, 12/01/25 300,000   321,737
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 5.69%), 6.50%, 11/15/26ρ Δ ^ 60,000   59,118
5.50%, 06/01/27 1,175,000   1,264,131
4.95%, 05/15/28 900,000   933,392
4.95%, 06/15/28 110,000   115,686
5.25%, 04/15/29 1,785,000   1,907,832
 
52
    Par   Value
3.75%, 05/15/30 $1,090,000   $1,073,855
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 5.31%), 7.13%, 05/15/30ρ ^ 360,000   351,900
5.30%, 04/01/44 20,000   20,644
5.30%, 04/15/47 125,000   128,942
5.40%, 10/01/47 50,000   52,538
6.00%, 06/15/48Δ 50,000   55,620
6.25%, 04/15/49 590,000   679,627
Entergy Louisiana LLC      
5.40%, 11/01/24 1,200,000   1,265,477
2.35%, 06/15/32 2,200,000   1,998,275
Enterprise Products Operating LLC      
4.15%, 10/16/28 600,000   625,217
3.13%, 07/31/29 100,000   98,311
2.80%, 01/31/30 890,000   856,625
7.55%, 04/15/38 50,000   66,519
5.70%, 02/15/42Δ 60,000   70,019
4.85%, 03/15/44 50,000   53,160
4.80%, 02/01/49 30,000   32,129
4.20%, 01/31/50 680,000   677,074
3.70%, 01/31/51Δ 970,000   890,536
3.95%, 01/31/60 120,000   111,980
(Variable, ICE LIBOR USD 3M + 2.57%), 5.38%, 02/15/78^ 100,000   92,999
EOG Resources, Inc.      
4.15%, 01/15/26 160,000   165,826
4.38%, 04/15/30Δ 40,000   43,369
3.90%, 04/01/35 260,000   267,665
4.95%, 04/15/50Δ 490,000   602,371
EPR Properties REIT      
4.75%, 12/15/26 1,265,000   1,267,246
3.60%, 11/15/31 2,300,000   2,089,163
EQM Midstream Partners LP      
4.13%, 12/01/26 1,800,000   1,731,933
5.50%, 07/15/28 20,000   20,114
EQT Corporation      
6.63%, 02/01/25 20,000   21,150
3.13%, 05/15/26 144A 10,000   9,724
3.90%, 10/01/27 440,000   439,375
5.00%, 01/15/29 100,000   103,357
3.63%, 05/15/31 144A 210,000   200,866
Equinix, Inc. REIT      
2.63%, 11/18/24 1,700,000   1,677,143
1.55%, 03/15/28 2,200,000   1,946,475
3.00%, 07/15/50 10,000   8,183
Equitable Holdings, Inc.      
4.35%, 04/20/28 2,600,000   2,660,834
Exelon Corporation      
4.05%, 04/15/30 325,000   335,932
5.63%, 06/15/35 415,000   470,609
4.70%, 04/15/50 25,000   27,586
Expedia Group, Inc.      
3.60%, 12/15/23 300,000   302,667
6.25%, 05/01/25 144A 2,054,000   2,197,629
4.63%, 08/01/27Δ 525,000   546,342
3.80%, 02/15/28 300,000   298,986
2.95%, 03/15/31 2,350,000   2,179,629
    Par   Value
Exxon Mobil Corporation      
1.57%, 04/15/23Δ $30,000   $29,919
2.99%, 03/19/25 660,000   663,387
3.04%, 03/01/26 730,000   737,375
3.48%, 03/19/30 580,000   596,050
4.23%, 03/19/40 50,000   53,961
4.11%, 03/01/46 230,000   248,244
4.33%, 03/19/50 190,000   212,821
3.45%, 04/15/51 20,000   19,489
Federal Farm Credit Banks Funding Corporation      
2.85%, 03/28/34 2,880,000   2,910,735
3.08%, 03/30/37 1,770,000   1,805,533
Federal Realty Investment Trust REIT      
3.50%, 06/01/30Δ 1,900,000   1,868,754
FedEx Corporation      
4.05%, 02/15/48 375,000   371,589
Fidelity National Information Services, Inc.      
1.15%, 03/01/26 2,200,000   2,021,896
Fifth Third Bancorp      
2.38%, 01/28/25 375,000   366,836
First-Citizens Bank & Trust Co.      
(Variable, U.S. SOFR + 1.72%), 2.97%, 09/27/25^ 550,000   545,249
Fiserv, Inc.      
2.75%, 07/01/24 1,900,000   1,895,634
3.20%, 07/01/26 725,000   722,293
4.20%, 10/01/28 375,000   387,361
2.65%, 06/01/30Δ 2,300,000   2,126,127
Florida Power & Light Co.      
3.80%, 12/15/42Δ 425,000   432,006
Ford Motor Co.      
3.25%, 02/12/32Δ 600,000   536,886
Ford Motor Credit Co. LLC      
2.98%, 08/03/22Δ 1,800,000   1,802,898
(Floating, ICE LIBOR USD 3M + 1.24%), 1.74%, 02/15/23† 2,200,000   2,183,661
3.37%, 11/17/23 1,900,000   1,899,240
4.95%, 05/28/27 580,000   590,469
2.90%, 02/16/28 380,000   344,240
2.90%, 02/10/29 200,000   178,424
5.11%, 05/03/29 220,000   221,694
4.00%, 11/13/30 1,220,000   1,150,814
Fox Corporation      
4.03%, 01/25/24Δ 480,000   490,321
4.71%, 01/25/29 250,000   267,194
3.50%, 04/08/30Δ 125,000   124,000
5.48%, 01/25/39 250,000   283,714
Freeport-McMoRan, Inc.      
3.88%, 03/15/23 10,000   10,122
4.55%, 11/14/24 10,000   10,316
5.45%, 03/15/43 292,000   327,566
GA Global Funding Trust      
1.25%, 12/08/23 144A 2,300,000   2,221,831
General Dynamics Corporation      
3.25%, 04/01/25 40,000   40,458
3.50%, 05/15/25 40,000   40,739
53
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
4.25%, 04/01/40 $60,000   $65,692
4.25%, 04/01/50 160,000   180,567
General Electric Co.      
6.75%, 03/15/32 44,000   55,546
5.88%, 01/14/38Δ 20,000   24,047
4.35%, 05/01/50 45,000   48,553
General Mills, Inc.      
4.20%, 04/17/28 600,000   627,724
General Motors Co.      
5.40%, 10/02/23 535,000   553,786
4.00%, 04/01/25 200,000   202,058
6.13%, 10/01/25 190,000   204,148
6.60%, 04/01/36 20,000   23,286
5.15%, 04/01/38 50,000   50,942
5.95%, 04/01/49Δ 300,000   334,622
General Motors Financial Co., Inc.      
3.45%, 04/10/22 230,000   230,080
4.30%, 07/13/25 300,000   304,796
4.35%, 01/17/27Δ 560,000   570,349
5.65%, 01/17/29 500,000   541,470
2.70%, 06/10/31 575,000   507,234
3.10%, 01/12/32Δ 100,000   90,004
Gilead Sciences, Inc.      
3.70%, 04/01/24Δ 230,000   234,207
4.50%, 02/01/45 275,000   294,141
4.75%, 03/01/46 20,000   22,253
Glencore Funding LLC      
3.00%, 10/27/22 144A Δ 10,000   10,040
4.13%, 05/30/23 144A 20,000   20,355
4.13%, 03/12/24 144A 1,155,000   1,171,395
4.63%, 04/29/24 144A 658,000   674,157
1.63%, 04/27/26 144A 525,000   485,554
4.00%, 03/27/27 144A 480,000   482,202
3.88%, 10/27/27 144A 520,000   519,165
2.63%, 09/23/31 144A 1,175,000   1,053,076
3.38%, 09/23/51 144A 80,000   67,523
Global Payments, Inc.      
2.65%, 02/15/25 400,000   391,783
2.90%, 05/15/30 1,600,000   1,478,984
Goldman Sachs Capital II      
(Variable, ICE LIBOR USD 3M + 0.77%), 4.00%, 05/23/22† ρ 3,000   2,415
Goldman Sachs Group, Inc. (The)      
3.20%, 02/23/23 250,000   252,326
3.85%, 07/08/24 150,000   152,816
3.50%, 04/01/25 320,000   322,582
4.25%, 10/21/25 820,000   840,862
3.50%, 11/16/26 700,000   703,536
(Floating, ICE LIBOR USD 3M + 1.75%), 2.03%, 10/28/27† 1,800,000   1,866,371
(Variable, U.S. SOFR + 1.11%), 2.64%, 02/24/28^ 2,200,000   2,105,845
(Variable, U.S. SOFR + 1.85%), 3.62%, 03/15/28^ 120,000   119,982
(Variable, ICE LIBOR USD 3M + 1.16%), 3.81%, 04/23/29^ 1,140,000   1,149,898
    Par   Value
(Variable, ICE LIBOR USD 3M + 1.30%), 4.22%, 05/01/29Δ ^ $990,000   $1,014,627
(Variable, U.S. SOFR + 1.26%), 2.65%, 10/21/32^ 1,450,000   1,314,077
6.75%, 10/01/37 110,000   139,000
6.25%, 02/01/41 750,000   971,550
(Variable, U.S. SOFR + 1.51%), 3.21%, 04/22/42^ 60,000   54,508
(Variable, U.S. SOFR + 1.47%), 2.91%, 07/21/42Δ ^ 150,000   129,647
5.15%, 05/22/45 550,000   616,936
4.75%, 10/21/45 220,000   246,731
Goodman U.S. Finance Three LLC REIT      
3.70%, 03/15/28 144A 1,000,000   999,767
Great-West Lifeco Finance 2018 LP      
4.05%, 05/17/28 144A 175,000   179,511
Guardian Life Global Funding      
1.10%, 06/23/25 144A 100,000   94,193
1.25%, 11/19/27 144A 1,800,000   1,609,958
H&E Equipment Services, Inc.      
3.88%, 12/15/28 144A 375,000   352,029
Halliburton Co.      
3.80%, 11/15/25Δ 26,000   26,581
6.70%, 09/15/38 50,000   63,052
5.00%, 11/15/45 190,000   206,781
HCA, Inc.      
5.25%, 04/15/25 120,000   126,429
5.25%, 06/15/26 10,000   10,565
5.38%, 09/01/26Δ 1,600,000   1,681,600
3.13%, 03/15/27 144A Δ 2,100,000   2,055,200
3.50%, 09/01/30 180,000   174,210
5.50%, 06/15/47 50,000   56,639
Healthcare Realty Trust, Inc. REIT      
2.05%, 03/15/31Δ 175,000   152,552
Healthcare Trust of America Holdings LP REIT      
3.10%, 02/15/30 1,500,000   1,428,292
Hewlett Packard Enterprise Co.      
2.25%, 04/01/23 1,000,000   999,579
4.45%, 10/02/23 1,350,000   1,383,424
4.90%, 10/15/25 915,000   958,848
6.20%, 10/15/35 55,000   63,408
6.35%, 10/15/45 155,000   183,158
Hilton Domestic Operating Co., Inc.      
4.00%, 05/01/31 144A Δ 986,000   932,539
3.63%, 02/15/32 144A 407,000   370,038
Home Depot, Inc. (The)      
2.50%, 04/15/27Δ 150,000   147,492
3.90%, 12/06/28 270,000   282,935
2.70%, 04/15/30 170,000   164,911
3.30%, 04/15/40 450,000   434,992
4.50%, 12/06/48 35,000   39,494
3.35%, 04/15/50 830,000   785,528
Honeywell International, Inc.      
1.35%, 06/01/25Δ 180,000   173,579
 
54
    Par   Value
Host Hotels & Resorts LP REIT      
2.90%, 12/15/31 $475,000   $425,073
HP, Inc.      
4.00%, 04/15/29 1,705,000   1,700,186
6.00%, 09/15/41 20,000   23,384
Humana, Inc.      
3.15%, 12/01/22 70,000   70,470
4.50%, 04/01/25Δ 40,000   41,466
3.95%, 03/15/27 150,000   152,602
2.15%, 02/03/32 90,000   79,012
4.63%, 12/01/42Δ 60,000   64,118
4.95%, 10/01/44 70,000   78,916
4.80%, 03/15/47 10,000   11,351
Huntington Bancshares, Inc.      
4.00%, 05/15/25 550,000   560,683
Huntington Ingalls Industries, Inc.      
0.67%, 08/16/23 144A 2,500,000   2,427,098
Huntsman International LLC      
4.50%, 05/01/29 325,000   335,925
2.95%, 06/15/31 250,000   231,639
Hyatt Hotels Corporation      
1.80%, 10/01/24 2,875,000   2,768,766
Hyundai Capital America      
1.00%, 09/17/24 144A 2,300,000   2,165,207
1.65%, 09/17/26 144A 2,300,000   2,099,932
2.75%, 09/27/26 70,000   66,593
Intel Corporation      
3.70%, 07/29/25 80,000   81,992
3.75%, 03/25/27 35,000   36,264
1.60%, 08/12/28 250,000   228,363
4.60%, 03/25/40 55,000   61,010
3.73%, 12/08/47 76,000   76,242
4.75%, 03/25/50 160,000   187,184
3.05%, 08/12/51 120,000   107,234
Intercontinental Exchange, Inc.      
3.00%, 06/15/50 1,500,000   1,321,154
International Business Machines Corporation      
3.00%, 05/15/24 720,000   725,111
International Flavors & Fragrances, Inc.      
1.83%, 10/15/27 144A 650,000   591,993
4.38%, 06/01/47 1,000,000   1,003,374
5.00%, 09/26/48 55,000   60,560
Intuit, Inc.      
1.35%, 07/15/27 175,000   159,581
Invitation Homes Operating Partnership LP REIT      
2.30%, 11/15/28 375,000   340,045
IPALCO Enterprises, Inc.      
4.25%, 05/01/30 1,800,000   1,805,842
ITC Holdings Corporation      
2.95%, 05/14/30 144A 1,900,000   1,802,382
Jackson Financial, Inc.      
4.00%, 11/23/51 144A Δ 40,000   33,902
JetBlue Pass-Through Trust, Series 2019-1, Class AA      
2.75%, 05/15/32 1,920,765   1,804,575
    Par   Value
JPMorgan Chase & Co.      
(Variable, ICE LIBOR USD 3M + 0.73%), 3.56%, 04/23/24^ $800,000   $807,885
(Variable, U.S. SOFR + 1.46%), 1.51%, 06/01/24^ 770,000   759,798
(Variable, ICE LIBOR USD 3M + 0.89%), 3.80%, 07/23/24^ 1,775,000   1,795,808
3.88%, 09/10/24 860,000   879,004
(Variable, ICE LIBOR USD 3M + 1.00%), 4.02%, 12/05/24^ 1,425,000   1,448,421
(Variable, U.S. SOFR + 3.13%), 4.60%, 02/01/25ρ ^ 875,000   845,469
(Variable, U.S. SOFR + 1.16%), 2.30%, 10/15/25^ 650,000   637,024
(Variable, U.S. SOFR + 1.85%), 2.08%, 04/22/26^ 460,000   444,241
2.95%, 10/01/26 700,000   695,350
(Variable, ICE LIBOR USD 3M + 1.25%), 3.96%, 01/29/27^ 875,000   894,033
(Variable, U.S. SOFR + 0.77%), 1.47%, 09/22/27^ 2,500,000   2,306,740
4.25%, 10/01/27 780,000   806,476
3.63%, 12/01/27 900,000   903,279
(Variable, ICE LIBOR USD 3M + 1.34%), 3.78%, 02/01/28^ 4,244,000   4,303,164
(Variable, ICE LIBOR USD 3M + 0.95%), 3.51%, 01/23/29^ 1,720,000   1,713,873
(Variable, ICE LIBOR USD 3M + 1.26%), 4.20%, 07/23/29^ 380,000   393,437
(Variable, ICE LIBOR USD 3M + 1.33%), 4.45%, 12/05/29^ 170,000   177,417
(Variable, U.S. SOFR + 3.79%), 4.49%, 03/24/31^ 75,000   79,593
(Variable, U.S. SOFR + 2.04%), 2.52%, 04/22/31^ 575,000   533,710
(Variable, U.S. SOFR + 2.52%), 2.96%, 05/13/31^ 300,000   281,230
(Variable, U.S. SOFR + 1.18%), 2.55%, 11/08/32^ 880,000   805,306
4.95%, 06/01/45Δ 400,000   454,318
(Variable, U.S. SOFR + 2.44%), 3.11%, 04/22/51^ 170,000   151,259
Keurig Dr. Pepper, Inc.      
4.42%, 05/25/25 60,000   62,069
Keysight Technologies, Inc.      
3.00%, 10/30/29 475,000   453,395
Kilroy Realty LP REIT      
4.75%, 12/15/28 1,750,000   1,837,659
Kimberly-Clark Corporation      
2.88%, 02/07/50Δ 5,000   4,519
Kinder Morgan Energy Partners LP      
3.95%, 09/01/22 520,000   521,954
3.50%, 09/01/23Δ 2,250,000   2,271,912
4.25%, 09/01/24 980,000   1,004,156
Kinder Morgan, Inc.      
4.30%, 03/01/28 60,000   62,293
5.20%, 03/01/48 10,000   10,900
KKR Group Finance Co. II LLC      
5.50%, 02/01/43 144A 30,000   34,323
55
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
L3Harris Technologies, Inc.      
5.05%, 04/27/45 $50,000   $56,716
Lear Corporation      
5.25%, 05/15/49Δ 35,000   37,681
Lehman Escrow Bonds      
0.00%, 01/18/12# 200,000   1,040
0.00%, 01/24/13# 2,300,000   11,960
0.00%, 07/19/17Ψ ††† # 150,000     —
0.00%, 12/28/17Ψ ††† # 3,340,000     —
0.00%, 05/23/22Ψ ††† ρ # 2,330,000     —
Level 3 Financing, Inc.      
3.40%, 03/01/27 144A 1,600,000   1,511,264
Life Storage LP REIT      
3.88%, 12/15/27 900,000   911,961
Lincoln National Corporation      
3.05%, 01/15/30 20,000   19,225
Lockheed Martin Corporation      
3.10%, 01/15/23 40,000   40,357
3.55%, 01/15/26 310,000   317,701
4.50%, 05/15/36Δ 50,000   55,301
Louisville Gas and Electric Co.      
4.25%, 04/01/49 50,000   52,414
Lowe's Cos., Inc.      
1.70%, 09/15/28 900,000   816,434
4.50%, 04/15/30 110,000   117,845
1.70%, 10/15/30Δ 675,000   590,081
3.00%, 10/15/50 150,000   128,080
Magallanes, Inc.      
3.76%, 03/15/27 144A Δ 140,000   139,979
4.05%, 03/15/29 144A 180,000   181,101
4.28%, 03/15/32 144A 1,080,000   1,086,144
5.05%, 03/15/42 144A 70,000   71,547
5.14%, 03/15/52 144A 740,000   758,851
Marathon Petroleum Corporation      
3.80%, 04/01/28 125,000   126,033
Marriott International, Inc.      
2.13%, 10/03/22 1,500,000   1,500,900
Mars, Inc.      
2.70%, 04/01/25 144A 400,000   396,721
3.20%, 04/01/30 144A 475,000   471,358
2.38%, 07/16/40 144A 150,000   125,795
Marsh & McLennan Cos., Inc.      
3.75%, 03/14/26 1,100,000   1,118,215
4.38%, 03/15/29 500,000   528,987
Martin Marietta Materials, Inc.      
3.20%, 07/15/51 1,225,000   1,050,888
Masco Corporation      
1.50%, 02/15/28 2,575,000   2,270,911
Mastercard, Inc.      
3.30%, 03/26/27Δ 250,000   255,090
3.65%, 06/01/49 30,000   31,138
3.85%, 03/26/50 310,000   329,073
McDonald’s Corporation      
3.30%, 07/01/25 170,000   172,092
1.45%, 09/01/25Δ 40,000   38,280
3.50%, 03/01/27 360,000   366,893
3.50%, 07/01/27 390,000   397,064
3.80%, 04/01/28 90,000   92,773
    Par   Value
3.60%, 07/01/30 $160,000   $163,122
6.30%, 03/01/38 50,000   63,793
3.63%, 09/01/49 130,000   124,838
4.20%, 04/01/50 1,230,000   1,288,255
Medtronic, Inc.      
3.50%, 03/15/25Δ 10,000   10,212
4.63%, 03/15/45Δ 36,000   41,677
MetLife Capital Trust IV      
7.88%, 12/15/37 144A 300,000   358,500
MetLife, Inc.      
6.40%, 12/15/36 50,000   54,090
Metropolitan Life Global Funding I      
3.45%, 12/18/26 144A 2,000,000   2,010,587
Microchip Technology, Inc.      
2.67%, 09/01/23 675,000   673,098
Microsoft Corporation      
2.88%, 02/06/24Δ 470,000   476,161
2.70%, 02/12/25Δ 120,000   120,852
2.40%, 08/08/26 1,540,000   1,528,713
3.30%, 02/06/27Δ 800,000   821,516
3.45%, 08/08/36 5,000   5,212
2.53%, 06/01/50 18,000   15,595
2.92%, 03/17/52Δ 37,000   34,824
2.68%, 06/01/60 22,000   19,045
3.04%, 03/17/62Δ 108,000   101,235
MidAmerican Energy Co.      
3.65%, 04/15/29 350,000   360,183
Mileage Plus Holdings LLC      
6.50%, 06/20/27 144A 290,000   302,688
Mondelez International, Inc.      
1.50%, 05/04/25 670,000   640,692
Morgan Stanley      
3.70%, 10/23/24 1,150,000   1,171,340
(Variable, U.S. SOFR + 1.15%), 2.72%, 07/22/25^ 725,000   718,107
(Variable, U.S. SOFR + 0.94%), 2.63%, 02/18/26^ 2,300,000   2,257,833
(Variable, U.S. SOFR + 1.99%), 2.19%, 04/28/26^ 750,000   725,231
3.63%, 01/20/27 1,475,000   1,489,226
3.95%, 04/23/27 1,675,000   1,705,017
(Variable, ICE LIBOR USD 3M + 1.14%), 3.77%, 01/24/29Δ ^ 220,000   221,911
(Variable, ICE LIBOR USD 3M + 1.63%), 4.43%, 01/23/30^ 195,000   204,105
(Variable, U.S. SOFR + 1.14%), 2.70%, 01/22/31Δ ^ 1,895,000   1,780,445
(Variable, U.S. SOFR + 3.12%), 3.62%, 04/01/31^ 1,000,000   996,086
(Variable, U.S. SOFR + 1.03%), 1.79%, 02/13/32Δ ^ 725,000   624,378
(Variable, U.S. SOFR + 1.20%), 2.51%, 10/20/32^ 560,000   506,102
(Variable, U.S. SOFR + 1.36%), 2.48%, 09/16/36^ 1,530,000   1,314,304
MPLX LP      
4.88%, 12/01/24 230,000   238,409
4.88%, 06/01/25 100,000   103,707
4.00%, 03/15/28 50,000   50,961
 
56
    Par   Value
4.80%, 02/15/29 $575,000   $612,824
4.50%, 04/15/38 430,000   440,406
4.70%, 04/15/48 1,020,000   1,030,695
5.50%, 02/15/49 595,000   660,963
MPT Operating Partnership LP REIT      
5.00%, 10/15/27 60,000   61,080
4.63%, 08/01/29Δ 465,000   461,229
3.50%, 03/15/31 190,000   176,779
National Retail Properties, Inc. REIT      
3.90%, 06/15/24 255,000   259,242
3.60%, 12/15/26 250,000   250,999
National Securities Clearing Corporation      
1.50%, 04/23/25 144A 400,000   383,306
Nationwide Financial Services, Inc.      
3.90%, 11/30/49 144A 55,000   54,720
Nature Conservancy (The)      
0.94%, 07/01/26 25,000   22,787
1.30%, 07/01/28 25,000   22,101
NetApp, Inc.      
1.88%, 06/22/25 1,700,000   1,627,573
2.38%, 06/22/27 45,000   42,962
New York Life Global Funding      
0.95%, 06/24/25 144A 200,000   186,944
NextEra Energy Capital Holdings, Inc.      
1.90%, 06/15/28 965,000   891,078
2.25%, 06/01/30 1,900,000   1,741,682
Niagara Mohawk Power Corporation      
4.28%, 12/15/28 144A 2,000,000   2,056,560
Nielsen Finance LLC      
5.88%, 10/01/30 144A 83,000   83,294
NIKE, Inc.      
2.40%, 03/27/25 140,000   139,156
2.75%, 03/27/27 20,000   19,924
3.25%, 03/27/40 110,000   107,348
3.38%, 03/27/50 270,000   269,110
NiSource, Inc.      
3.49%, 05/15/27 1,475,000   1,472,809
3.60%, 05/01/30 100,000   99,324
3.95%, 03/30/48 450,000   431,606
Nissan Motor Acceptance Co. LLC      
2.75%, 03/09/28 144A 2,200,000   1,986,924
Northrop Grumman Corporation      
2.93%, 01/15/25Δ 870,000   872,704
3.25%, 01/15/28 900,000   901,681
5.25%, 05/01/50 180,000   225,215
Northwell Healthcare, Inc.      
6.15%, 11/01/43 375,000   470,072
Northwestern Mutual Life Insurance Co. (The)      
6.06%, 03/30/40 144A 300,000   373,679
3.85%, 09/30/47 144A 250,000   245,041
Novartis Capital Corporation      
2.20%, 08/14/30 70,000   65,804
NRG Energy, Inc.      
3.75%, 06/15/24 144A 625,000   623,068
    Par   Value
3.38%, 02/15/29 144A $318,000   $283,244
3.63%, 02/15/31 144A Δ 850,000   748,888
NVIDIA Corporation      
2.85%, 04/01/30 350,000   344,787
3.50%, 04/01/40 830,000   837,977
3.50%, 04/01/50Δ 870,000   882,001
3.70%, 04/01/60 460,000   468,174
Occidental Petroleum Corporation      
6.95%, 07/01/24 290,000   311,883
5.55%, 03/15/26Δ 435,000   461,613
3.40%, 04/15/26Δ 500,000   497,703
3.20%, 08/15/26 260,000   255,867
3.00%, 02/15/27Δ 150,000   146,938
7.88%, 09/15/31 280,000   349,874
6.45%, 09/15/36 205,000   241,203
4.63%, 06/15/45 130,000   126,380
6.60%, 03/15/46 220,000   258,965
4.40%, 04/15/46Δ 60,000   57,115
4.10%, 02/15/47Δ 260,000   241,020
4.20%, 03/15/48 80,000   74,943
Omega Healthcare Investors, Inc.      
3.25%, 04/15/33 40,000   34,949
Omega Healthcare Investors, Inc. REIT      
3.63%, 10/01/29 1,600,000   1,513,929
ONEOK, Inc.      
6.35%, 01/15/31 1,600,000   1,853,795
Open Text Holdings, Inc.      
4.13%, 02/15/30 144A 10,000   9,502
Oracle Corporation      
3.90%, 05/15/35 60,000   56,542
3.85%, 07/15/36 70,000   64,576
3.60%, 04/01/40 400,000   347,828
4.00%, 07/15/46 375,000   333,707
Otis Worldwide Corporation      
2.06%, 04/05/25 130,000   126,697
2.29%, 04/05/27Δ 200,000   188,718
2.57%, 02/15/30 25,000   23,397
Owl Rock Capital Corporation      
2.88%, 06/11/28 2,200,000   1,922,905
Pacific Gas and Electric Co.      
1.75%, 06/16/22 2,900,000   2,897,012
1.70%, 11/15/23 2,200,000   2,145,741
3.40%, 08/15/24 600,000   594,927
3.15%, 01/01/26 1,300,000   1,253,355
2.95%, 03/01/26 800,000   761,220
2.10%, 08/01/27 370,000   333,083
4.55%, 07/01/30Δ 1,800,000   1,788,806
2.50%, 02/01/31 610,000   527,033
3.30%, 08/01/40Δ 165,000   135,400
3.50%, 08/01/50Δ 70,000   56,554
Pacific Life Global Funding II      
1.20%, 06/24/25 144A 1,700,000   1,592,652
PacifiCorp      
4.15%, 02/15/50 60,000   62,759
57
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Paramount Global      
6.88%, 04/30/36 $20,000   $24,530
Parsley Energy LLC      
4.13%, 02/15/28 144A 30,000   29,913
PayPal Holdings, Inc.      
1.35%, 06/01/23 220,000   219,440
1.65%, 06/01/25 1,805,000   1,737,448
2.65%, 10/01/26Δ 2,775,000   2,733,553
2.30%, 06/01/30Δ 300,000   279,663
PepsiCo, Inc.      
0.75%, 05/01/23 300,000   295,841
2.25%, 03/19/25 20,000   19,805
2.63%, 03/19/27Δ 30,000   29,849
1.63%, 05/01/30 250,000   225,090
2.88%, 10/15/49 100,000   92,933
Phillips 66      
3.70%, 04/06/23 1,475,000   1,496,336
3.85%, 04/09/25Δ 100,000   102,107
1.30%, 02/15/26 175,000   163,780
3.90%, 03/15/28 65,000   66,170
Physicians Realty LP REIT      
3.95%, 01/15/28 2,400,000   2,424,124
Pioneer Natural Resources Co.      
1.13%, 01/15/26 70,000   65,004
2.15%, 01/15/31 290,000   261,720
Plains All American Pipeline LP      
3.85%, 10/15/23 1,625,000   1,639,518
Post Holdings, Inc.      
5.50%, 12/15/29 144A Δ 350,000   337,306
PPG Industries, Inc.      
1.20%, 03/15/26 35,000   32,450
Prime Security Services Borrower LLC      
3.38%, 08/31/27 144A 770,000   705,470
Principal Life Global Funding II      
1.25%, 06/23/25 144A 90,000   84,497
Procter & Gamble Co. (The)      
2.80%, 03/25/27 75,000   75,131
2.85%, 08/11/27 40,000   40,087
3.00%, 03/25/30 130,000   130,888
Progress Energy, Inc.      
7.75%, 03/01/31 350,000   448,908
Public Storage REIT      
1.85%, 05/01/28 70,000   64,500
0.50%, 09/09/30(E) 2,000,000   1,931,375
QUALCOMM, Inc.      
3.45%, 05/20/25 20,000   20,324
4.65%, 05/20/35 60,000   67,062
Range Resources Corporation      
5.00%, 03/15/23 322,000   324,737
4.88%, 05/15/25 10,000   10,139
Raymond James Financial, Inc.      
4.65%, 04/01/30Δ 75,000   79,475
Raytheon Technologies Corporation      
3.15%, 12/15/24 120,000   120,640
3.95%, 08/16/25 530,000   547,124
3.50%, 03/15/27 550,000   558,305
4.13%, 11/16/28 665,000   696,089
    Par   Value
2.25%, 07/01/30Δ $540,000   $500,884
4.50%, 06/01/42 90,000   99,603
4.05%, 05/04/47Δ 375,000   387,430
Realty Income Corporation REIT      
4.63%, 11/01/25Δ 600,000   628,420
3.95%, 08/15/27 150,000   154,288
3.40%, 01/15/28 625,000   624,112
3.25%, 01/15/31 1,800,000   1,770,178
2.85%, 12/15/32 800,000   757,092
Regency Centers LP REIT      
2.95%, 09/15/29 775,000   739,319
Regeneron Pharmaceuticals, Inc.      
1.75%, 09/15/30 1,500,000   1,303,637
Reinsurance Group of America, Inc.      
3.90%, 05/15/29 65,000   65,713
RELX Capital, Inc.      
3.50%, 03/16/23 300,000   302,707
Republic Services, Inc.      
2.50%, 08/15/24 190,000   188,139
Roche Holdings, Inc.      
2.61%, 12/13/51 144A 820,000   711,906
Roper Technologies, Inc.      
4.20%, 09/15/28 500,000   518,583
Ross Stores, Inc.      
4.60%, 04/15/25 65,000   67,636
Rush Obligated Group      
3.92%, 11/15/29 400,000   409,141
Sabine Pass Liquefaction LLC      
5.63%, 04/15/23 400,000   409,427
5.63%, 03/01/25 450,000   476,078
5.00%, 03/15/27 425,000   449,942
4.20%, 03/15/28 300,000   308,636
4.50%, 05/15/30Δ 1,600,000   1,675,753
Sabra Health Care LP REIT      
3.90%, 10/15/29 1,500,000   1,444,401
salesforce.com, Inc.      
3.25%, 04/11/23 300,000   303,891
San Diego Gas & Electric Co.      
2.95%, 08/15/51 2,300,000   2,031,178
Santander Holdings U.S.A., Inc.      
4.50%, 07/17/25 60,000   61,391
3.24%, 10/05/26Δ 1,100,000   1,073,874
SBA Communications Corporation REIT      
3.13%, 02/01/29 598,000   544,748
SBA Tower Trust REIT      
2.84%, 01/15/25 144A 2,200,000   2,165,437
2.33%, 01/15/28 144A 2,300,000   2,181,705
Schlumberger Holdings Corporation      
4.00%, 12/21/25 144A 190,000   193,256
3.90%, 05/17/28 144A 317,000   320,689
Sempra Energy      
3.40%, 02/01/28 275,000   274,616
ServiceNow, Inc.      
1.40%, 09/01/30 675,000   574,452
Sherwin-Williams Co. (The)      
3.13%, 06/01/24Δ 700,000   704,858
3.45%, 06/01/27 350,000   351,334
 
58
    Par   Value
2.95%, 08/15/29 $475,000   $458,580
Skyworks Solutions, Inc.      
1.80%, 06/01/26Δ 2,200,000   2,046,802
Southern California Edison Co.      
3.70%, 08/01/25 2,800,000   2,848,882
4.20%, 03/01/29 400,000   414,706
4.88%, 03/01/49 55,000   58,708
Southern California Gas Co.      
2.95%, 04/15/27 2,100,000   2,073,576
Southern Co. (The)      
3.25%, 07/01/26 1,400,000   1,402,140
3.70%, 04/30/30 40,000   40,170
Southern Co. Gas Capital Corporation      
3.25%, 06/15/26 300,000   298,907
Southern Copper Corporation      
5.25%, 11/08/42 2,310,000   2,618,131
5.88%, 04/23/45Δ 200,000   244,875
Southern Natural Gas Co. LLC      
8.00%, 03/01/32 400,000   508,440
Southern Power Co.      
0.90%, 01/15/26Δ 2,200,000   2,018,131
4.95%, 12/15/46 50,000   53,036
Southwestern Electric Power Co.      
2.75%, 10/01/26 65,000   63,539
Southwestern Energy Co.      
5.38%, 02/01/29 10,000   10,139
5.38%, 03/15/30 70,000   71,236
4.75%, 02/01/32 120,000   120,017
Spectra Energy Partners LP      
3.50%, 03/15/25 65,000   65,426
Spirit AeroSystems, Inc.      
3.95%, 06/15/23 1,500,000   1,487,415
Spirit Airlines Pass-Through Trust, Series 2015-1, Class A      
4.10%, 04/01/28 953,493   932,726
Spirit Realty LP REIT      
4.45%, 09/15/26 1,200,000   1,238,094
4.00%, 07/15/29 750,000   759,388
Sprint Capital Corporation      
8.75%, 03/15/32 60,000   80,933
Starbucks Corporation      
3.80%, 08/15/25 625,000   638,990
2.55%, 11/15/30 1,900,000   1,772,297
State Street Corporation      
(Variable, ICE LIBOR USD 3M + 1.03%), 4.14%, 12/03/29^ 60,000   62,156
(Variable, U.S. SOFR + 2.65%), 3.15%, 03/30/31^ 240,000   236,914
Steel Dynamics, Inc.      
2.40%, 06/15/25 140,000   135,517
1.65%, 10/15/27 275,000   250,218
Stifel Financial Corporation      
4.00%, 05/15/30 1,900,000   1,923,828
Sutter Health      
2.29%, 08/15/30 215,000   194,750
Sysco Corporation      
6.60%, 04/01/40Δ 675,000   885,355
    Par   Value
Tallgrass Energy Partners LP      
6.00%, 12/31/30 144A $10,000   $9,719
Targa Resources Corporation      
4.20%, 02/01/33 330,000   333,472
Targa Resources Partners LP      
5.88%, 04/15/26 350,000   361,174
6.50%, 07/15/27 355,000   374,099
5.00%, 01/15/28 70,000   71,051
5.50%, 03/01/30 120,000   124,775
4.88%, 02/01/31 70,000   70,795
4.00%, 01/15/32 30,000   28,907
Teachers Insurance & Annuity Association of America      
6.85%, 12/16/39 144A 46,000   60,491
4.90%, 09/15/44 144A 520,000   575,351
Tenet Healthcare Corporation      
4.38%, 01/15/30 144A 10,000   9,612
Tennessee Gas Pipeline Co. LLC      
2.90%, 03/01/30 144A 1,430,000   1,343,393
Texas Instruments, Inc.      
1.75%, 05/04/30 120,000   109,342
Textron, Inc.      
2.45%, 03/15/31Δ 1,700,000   1,541,764
Time Warner Cable LLC      
6.55%, 05/01/37 90,000   103,726
7.30%, 07/01/38 880,000   1,070,745
5.88%, 11/15/40 300,000   323,182
Time Warner Entertainment Co. LP      
8.38%, 03/15/23 975,000   1,027,027
8.38%, 07/15/33 390,000   510,013
TJX Cos., Inc. (The)      
2.25%, 09/15/26 40,000   38,915
T-Mobile U.S.A., Inc.      
3.50%, 04/15/25 1,495,000   1,506,427
1.50%, 02/15/26 400,000   373,622
3.75%, 04/15/27 2,325,000   2,342,488
2.05%, 02/15/28 1,025,000   938,037
3.38%, 04/15/29 170,000   161,925
3.88%, 04/15/30 2,915,000   2,930,343
2.55%, 02/15/31 1,570,000   1,426,161
3.50%, 04/15/31Δ 260,000   245,060
3.50%, 04/15/31 144A 190,000   179,083
2.70%, 03/15/32 144A Δ 610,000   555,667
3.00%, 02/15/41 365,000   309,509
3.40%, 10/15/52 144A 380,000   324,551
Toyota Motor Credit Corporation      
3.00%, 04/01/25 35,000   35,083
Transcontinental Gas Pipe Line Co. LLC      
7.85%, 02/01/26 880,000   1,009,655
3.25%, 05/15/30 870,000   849,698
TransDigm, Inc.      
6.38%, 06/15/26 350,000   353,605
7.50%, 03/15/27 300,000   309,530
4.63%, 01/15/29 130,000   121,711
59
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Tronox, Inc.      
4.63%, 03/15/29 144A $1,225,000   $1,148,382
Tyson Foods, Inc.      
4.00%, 03/01/26 65,000   66,683
U.S. Bancorp      
1.45%, 05/12/25 2,380,000   2,277,459
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.54%), 3.70%, 01/15/27ρ ^ 775,000   703,313
UDR, Inc. REIT      
3.20%, 01/15/30 1,200,000   1,166,837
2.10%, 08/01/32 150,000   129,562
Union Pacific Corporation      
3.75%, 07/15/25 210,000   215,373
3.95%, 09/10/28 60,000   63,050
2.80%, 02/14/32 725,000   696,984
2.89%, 04/06/36 670,000   627,408
3.84%, 03/20/60 480,000   484,266
3.75%, 02/05/70 80,000   78,333
United Airlines Pass-Through Trust, Series 2016-2, Class A      
3.10%, 10/07/28 609,697   559,969
United Airlines Pass-Through Trust, Series 2016-2, Class AA      
2.88%, 10/07/28 609,697   579,346
United Airlines Pass-Through Trust, Series 2020-1, Class A      
5.88%, 10/15/27 1,925,156   1,995,925
United Airlines, Inc.      
4.38%, 04/15/26 144A 210,000   206,850
4.63%, 04/15/29 144A 310,000   295,190
United Parcel Service, Inc.      
3.90%, 04/01/25 40,000   41,225
United Rentals North America, Inc.      
3.88%, 02/15/31Δ 60,000   56,645
3.75%, 01/15/32 190,000   177,508
UnitedHealth Group, Inc.      
2.38%, 10/15/22 40,000   40,198
3.50%, 06/15/23 90,000   91,207
3.75%, 07/15/25 45,000   46,319
1.25%, 01/15/26 90,000   84,726
2.00%, 05/15/30Δ 690,000   635,933
2.30%, 05/15/31 50,000   47,027
2.75%, 05/15/40 700,000   631,001
4.25%, 06/15/48 215,000   236,172
4.45%, 12/15/48 50,000   56,573
3.70%, 08/15/49 170,000   173,279
2.90%, 05/15/50 290,000   258,280
3.88%, 08/15/59Δ 190,000   196,755
3.13%, 05/15/60Δ 30,000   26,822
University of Chicago (The)      
5.42%, 10/01/30 100,000   111,563
Utah Acquisition Sub, Inc.      
2.25%, 11/22/24(E) 1,500,000   1,686,202
3.95%, 06/15/26 1,700,000   1,689,391
Valero Energy Corporation      
2.85%, 04/15/25 600,000   593,456
Vanguard Group, Inc. (The)      
3.05%, 08/22/50††† 390,000   335,012
    Par   Value
Ventas Realty LP REIT      
4.40%, 01/15/29 $30,000   $31,587
3.00%, 01/15/30Δ 1,700,000   1,629,421
Venture Global Calcasieu Pass LLC      
3.88%, 11/01/33 144A 200,000   191,581
Verizon Communications, Inc.      
2.63%, 08/15/26 280,000   274,139
3.00%, 03/22/27 70,000   69,296
2.10%, 03/22/28 405,000   378,292
4.33%, 09/21/28 2,018,000   2,131,957
3.88%, 02/08/29Δ 660,000   687,385
3.15%, 03/22/30 1,465,000   1,442,665
1.75%, 01/20/31Δ 250,000   218,315
2.55%, 03/21/31 4,360,000   4,056,741
2.36%, 03/15/32 144A 6,241,000   5,647,490
4.50%, 08/10/33 430,000   462,500
5.25%, 03/16/37 530,000   619,267
2.65%, 11/20/40 1,250,000   1,066,550
3.40%, 03/22/41 80,000   75,208
3.85%, 11/01/42 40,000   40,084
4.13%, 08/15/46 380,000   391,846
4.86%, 08/21/46Δ 290,000   334,113
5.50%, 03/16/47 40,000   50,127
4.00%, 03/22/50 160,000   163,059
2.88%, 11/20/50Δ 1,250,000   1,048,284
2.99%, 10/30/56Δ 746,000   616,723
Vertiv Group Corporation      
4.13%, 11/15/28 144A 100,000   91,380
Visa, Inc.      
3.15%, 12/14/25 450,000   455,502
2.05%, 04/15/30 270,000   252,280
4.15%, 12/14/35 60,000   65,384
2.70%, 04/15/40 270,000   246,080
4.30%, 12/14/45 460,000   517,727
Vistra Operations Co. LLC      
3.55%, 07/15/24 144A 1,850,000   1,833,829
VMware, Inc.      
4.65%, 05/15/27Δ 700,000   734,378
3.90%, 08/21/27 500,000   507,350
1.80%, 08/15/28 225,000   200,016
2.20%, 08/15/31 600,000   529,199
Volkswagen Group of America Finance LLC      
3.13%, 05/12/23 144A 1,600,000   1,611,836
Voya Financial, Inc.      
5.70%, 07/15/43 170,000   201,569
Walgreens Boots Alliance, Inc.      
4.10%, 04/15/50Δ 65,000   63,533
Walmart, Inc.      
3.70%, 06/26/28Δ 55,000   57,475
1.50%, 09/22/28 150,000   137,946
1.80%, 09/22/31 80,000   72,893
5.25%, 09/01/35 30,000   36,364
Walt Disney Co. (The)      
3.70%, 09/15/24Δ 625,000   638,721
2.20%, 01/13/28Δ 1,300,000   1,237,408
2.65%, 01/13/31 400,000   382,505
6.65%, 11/15/37 150,000   200,386
 
60
    Par   Value
Waste Management, Inc.      
1.15%, 03/15/28 $250,000   $223,897
WEA Finance LLC REIT      
3.75%, 09/17/24 144A 770,000   769,262
Wells Fargo & Co.      
(Floating, ICE LIBOR USD 3M + 1.23%), 1.53%, 10/31/23† Δ 600,000   602,822
4.48%, 01/16/24 396,000   408,019
3.75%, 01/24/24 1,325,000   1,349,694
3.55%, 09/29/25Δ 2,000,000   2,027,598
3.00%, 04/22/26 900,000   892,131
(Variable, U.S. SOFR + 2.00%), 2.19%, 04/30/26^ 1,540,000   1,486,585
4.10%, 06/03/26 440,000   451,543
3.00%, 10/23/26 2,210,000   2,181,609
(Variable, ICE LIBOR USD 3M + 1.17%), 3.20%, 06/17/27^ 30,000   29,633
4.30%, 07/22/27Δ 1,780,000   1,850,573
4.15%, 01/24/29 645,000   669,761
(Variable, U.S. SOFR + 1.43%), 2.88%, 10/30/30^ 410,000   390,129
(Variable, U.S. SOFR + 4.03%), 4.48%, 04/04/31Δ ^ 420,000   445,296
(Variable, U.S. SOFR + 1.50%), 3.35%, 03/02/33^ 150,000   145,941
5.38%, 11/02/43 190,000   221,212
4.65%, 11/04/44 70,000   74,724
4.90%, 11/17/45 370,000   409,938
4.40%, 06/14/46 370,000   385,191
4.75%, 12/07/46 260,000   283,738
(Variable, U.S. SOFR + 4.50%), 5.01%, 04/04/51^ 3,450,000   4,112,709
Welltower, Inc. REIT      
4.25%, 04/01/26 898,000   924,040
3.10%, 01/15/30 65,000   62,668
Western Digital Corporation      
4.75%, 02/15/26 30,000   30,501
Western Midstream Operating LP      
(Floating, 1.85% - ICE LIBOR USD 3M), 1.84%, 01/13/23† 80,000   79,209
3.60%, 02/01/25 220,000   218,856
4.50%, 03/01/28 60,000   61,313
4.55%, 02/01/30 780,000   777,539
5.45%, 04/01/44 75,000   76,191
5.30%, 03/01/48 65,000   64,473
5.50%, 08/15/48 160,000   158,288
5.75%, 02/01/50 130,000   126,992
Weyerhaeuser Co. REIT      
3.38%, 03/09/33 275,000   268,244
Williams Cos., Inc. (The)      
3.90%, 01/15/25 300,000   304,502
7.50%, 01/15/31 100,000   124,480
7.75%, 06/15/31 585,000   735,013
8.75%, 03/15/32 181,000   246,378
5.75%, 06/24/44 160,000   184,781
Workday, Inc.      
3.50%, 04/01/27 445,000   445,188
3.70%, 04/01/29 515,000   516,614
    Par   Value
3.80%, 04/01/32 $455,000   $454,697
WP Carey, Inc. REIT      
4.60%, 04/01/24 1,160,000   1,190,516
4.00%, 02/01/25 105,000   107,331
3.85%, 07/15/29 900,000   912,283
WR Grace Holdings LLC      
4.88%, 06/15/27 144A Δ 730,000   715,181
WRKCo, Inc.      
3.75%, 03/15/25 500,000   505,630
4.00%, 03/15/28Δ 1,100,000   1,121,969
WW Grainger, Inc.      
4.60%, 06/15/45 55,000   60,665
Xerox Holdings Corporation      
5.00%, 08/15/25 144A 1,240,000   1,255,984
XPO Logistics, Inc.      
6.25%, 05/01/25 144A 50,000   51,740
Zoetis, Inc.      
2.00%, 05/15/30 1,900,000   1,706,158
Total Corporate Bonds
(Cost $703,323,991) 		    678,645,212
FOREIGN BONDS — 12.6%
Argentina — 0.1%    
Argentine Republic Government International Bond      
1.00%, 07/09/29 93,932   32,319
(Step to 0.75% on 07/09/23), 0.50%, 07/09/30 STEP 1,614,303   544,844
(Step to 1.50% on 07/09/22), 1.13%, 07/09/35 STEP 451,796   138,322
(Step to 3.50% on 07/09/22), 2.50%, 07/09/41 STEP 810,000   287,072
        1,002,557
Australia — 0.1%    
APT Pipelines, Ltd.      
4.20%, 03/23/25 144A 60,000   60,890
BHP Billiton Finance U.S.A., Ltd.      
5.00%, 09/30/43 170,000   202,417
Commonwealth Bank of Australia      
3.90%, 07/12/47 144A Δ 110,000   114,571
Macquarie Bank, Ltd.      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 1.70%), 3.05%, 03/03/36 144A ^ 750,000   661,577
Macquarie Group, Ltd.      
(Variable, U.S. SOFR + 1.07%), 1.34%, 01/12/27 144A ^ 1,175,000   1,071,995
Newcrest Finance Pty, Ltd.      
3.25%, 05/13/30 144A 175,000   167,607
Rio Tinto Finance U.S.A., Ltd.      
5.20%, 11/02/40 25,000   30,013
Westpac Banking Corporation      
(Variable, USD ICE Swap Rate 5Y + 2.24%), 4.32%, 11/23/31^ 175,000   176,212
61
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.00%), 4.11%, 07/24/34^ $275,000   $271,534
        2,756,816
Austria — 0.0%    
Suzano Austria GmbH      
3.75%, 01/15/31 660,000   622,525
3.13%, 01/15/32 320,000   284,029
        906,554
Brazil — 0.1%    
Brazilian Government International Bond      
4.63%, 01/13/28Δ 280,000   281,239
5.63%, 01/07/41Δ 340,000   330,126
5.00%, 01/27/45 1,650,000   1,472,642
Vale Overseas, Ltd.      
6.25%, 08/10/26 105,000   115,387
6.88%, 11/21/36 484,000   584,754
        2,784,148
Canada — 0.6%    
1011778 BC ULC      
4.00%, 10/15/30 144A 446,000   402,912
Alimentation Couche-Tard, Inc.      
3.55%, 07/26/27 144A 75,000   74,813
Bank of Montreal      
1.85%, 05/01/25Δ 500,000   480,889
(Variable, USD Swap 5Y + 1.43%), 3.80%, 12/15/32^ 100,000   98,961
Bank of Nova Scotia (The)      
1.30%, 06/11/25Δ 270,000   254,664
Barrick Gold Corporation      
5.25%, 04/01/42 560,000   650,140
Bausch Health Cos., Inc.      
9.00%, 12/15/25 144A 600,000   622,260
Brookfield Finance, Inc.      
4.85%, 03/29/29 60,000   64,057
Canadian Imperial Bank of Commerce      
0.95%, 06/23/23 270,000   265,061
Canadian National Railway Co.      
2.45%, 05/01/50Δ 35,000   28,593
Canadian Pacific Railway Co.      
2.45%, 12/02/31Δ 400,000   372,017
3.00%, 12/02/41 30,000   27,051
3.10%, 12/02/51Δ 370,000   328,085
Cenovus Energy, Inc.      
6.75%, 11/15/39Δ 50,000   61,926
CGI, Inc.      
1.45%, 09/14/26 144A 2,300,000   2,116,371
Enbridge, Inc.      
(Floating, U.S. SOFR + 0.40%), 0.61%, 02/17/23† Δ 1,800,000   1,798,531
2.50%, 08/01/33 850,000   756,369
GFL Environmental, Inc.      
3.75%, 08/01/25 144A Δ 1,025,000   1,007,744
Hudbay Minerals, Inc.      
6.13%, 04/01/29 144A Δ 20,000   20,630
    Par   Value
Royal Bank of Canada      
1.60%, 04/17/23 $430,000   $428,079
1.15%, 06/10/25 260,000   245,660
1.15%, 07/14/26 70,000   64,266
Suncor Energy, Inc.      
2.80%, 05/15/23 225,000   225,461
3.10%, 05/15/25 475,000   472,307
Teck Resources, Ltd.      
3.90%, 07/15/30Δ 275,000   275,033
6.00%, 08/15/40 10,000   11,512
6.25%, 07/15/41 55,000   65,919
Toronto-Dominion Bank (The)      
0.75%, 06/12/23 500,000   491,107
1.15%, 06/12/25 260,000   245,661
        11,956,079
Chile — 0.1%    
Chile Government International Bond      
2.45%, 01/31/31Δ 1,800,000   1,690,254
China — 0.3%    
Avolon Holdings Funding, Ltd.      
3.95%, 07/01/24 144A 1,175,000   1,172,097
2.88%, 02/15/25 144A 800,000   768,891
2.13%, 02/21/26 144A 2,500,000   2,285,692
4.25%, 04/15/26 144A 125,000   123,445
Baidu, Inc.      
3.43%, 04/07/30 400,000   384,571
China Government Bond      
3.31%, 11/30/25(Y) 1,000,000   160,628
Huarong Finance II Co., Ltd.      
4.88%, 11/22/26 200,000   198,500
Park Aerospace Holdings, Ltd.      
5.25%, 08/15/22 144A Δ 15,000   15,099
4.50%, 03/15/23 144A 20,000   20,152
5.50%, 02/15/24 144A 60,000   61,453
Sinopec Group Overseas Development 2014, Ltd.      
4.38%, 04/10/24 144A 390,000   400,696
Tencent Holdings, Ltd.      
3.84%, 04/22/51 144A 910,000   791,277
        6,382,501
Colombia — 0.1%    
Colombia Government International Bond      
3.25%, 04/22/32Δ 250,000   209,342
4.13%, 02/22/42 650,000   509,444
5.63%, 02/26/44 1,080,000   981,688
Ecopetrol SA      
5.88%, 05/28/45Δ 1,360,000   1,194,039
        2,894,513
Denmark — 0.2%    
Danske Bank A/S      
5.38%, 01/12/24 144A 340,000   350,706
1.23%, 06/22/24 144A 280,000   267,011
 
62
    Par   Value
(Variable, ICE LIBOR USD 3M + 1.59%), 3.24%, 12/20/25 144A ^ $220,000   $216,900
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.35%), 1.62%, 09/11/26 144A ^ 1,800,000   1,666,510
Jyske Realkredit A/S      
1.50%, 10/01/53(D) ††† 9,983,574   1,318,657
Realkredit Danmark A/S      
1.50%, 10/01/53(D) ††† 5,972,905   801,203
        4,620,987
Dominican Republic — 0.0%    
Dominican Republic International Bond      
6.40%, 06/05/49 144A 170,000   159,589
Finland — 0.0%    
Nokia OYJ      
4.38%, 06/12/27 9,000   9,148
France — 0.8%    
Altice France SA      
5.50%, 10/15/29 144A 250,000   224,660
BNP Paribas SA      
3.50%, 03/01/23 144A 925,000   934,690
(Variable, USD Swap 5Y + 4.15%), 6.63%, 03/25/24 144A ρ ^ 200,000   207,350
3.38%, 01/09/25 144A 450,000   448,021
(Variable, ICE LIBOR USD 3M + 2.24%), 4.71%, 01/10/25 144A ^ 450,000   459,674
(Variable, U.S. SOFR + 2.07%), 2.22%, 06/09/26 144A ^ 1,790,000   1,703,551
(Variable, U.S. SOFR + 1.00%), 1.32%, 01/13/27 144A ^ 775,000   706,612
4.40%, 08/14/28 144A 1,340,000   1,365,272
(Variable, U.S. SOFR + 1.61%), 1.90%, 09/30/28 144A ^ 1,800,000   1,614,234
(Variable, USD Swap 5Y + 1.48%), 4.38%, 03/01/33 144A ^ 440,000   437,175
BPCE SA      
4.00%, 09/12/23 144A 750,000   760,865
4.63%, 09/12/28 144A 375,000   387,345
(Variable, U.S. SOFR + 1.31%), 2.28%, 01/20/32 144A ^ 375,000   329,848
(Variable, U.S. SOFR + 1.73%), 3.12%, 10/19/32 144A ^ 875,000   793,446
Credit Agricole SA      
(Variable, USD Swap 5Y + 4.32%), 6.88%, 09/23/24 144A ρ ^ 300,000   311,775
4.38%, 03/17/25 275,000   278,499
(Variable, U.S. SOFR + 1.68%), 1.91%, 06/16/26 144A ^ 2,025,000   1,913,791
4.13%, 01/10/27 144A 450,000   454,894
(Variable, USD Swap 5Y + 1.64%), 4.00%, 01/10/33 144A ^ 250,000   245,813
    Par   Value
Danone SA      
2.59%, 11/02/23 144A $2,350,000   $2,348,452
2.95%, 11/02/26 144A 310,000   308,647
Societe Generale SA      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.10%), 1.49%, 12/14/26 144A ^ 1,700,000   1,538,898
XLIT, Ltd.      
4.45%, 03/31/25 349,000   359,015
        18,132,527
Germany — 0.6%    
Commerzbank AG      
(Variable, 6.36% - EUR Swap Rate 5Y), 6.13%, 10/09/25(E) ρ ^ 400,000   455,033
Deutsche Bank AG      
(Variable, U.S. SOFR + 2.16%), 2.22%, 09/18/24^ 2,100,000   2,055,126
(Variable, U.S. SOFR + 2.58%), 3.96%, 11/26/25^ 2,500,000   2,500,366
4.10%, 01/13/26 65,000   65,928
(Variable, 1.85% - Euribor 3M), 1.38%, 09/03/26(E) ^ 1,500,000   1,629,070
(Variable, U.S. SOFR + 1.87%), 2.13%, 11/24/26^ 450,000   417,670
(Variable, 2.05% - Euribor 3M), 1.75%, 11/19/30(E) ^ 1,700,000   1,763,438
(Variable, U.S. SOFR + 3.04%), 3.55%, 09/18/31^ 1,900,000   1,794,654
(Variable, U.S. SOFR + 1.72%), 3.04%, 05/28/32^ 560,000   504,147
Volkswagen Bank GmbH      
1.88%, 01/31/24(E) 1,500,000   1,690,498
        12,875,930
Hong Kong — 0.0%    
AIA Group, Ltd.      
3.90%, 04/06/28 144A Δ 200,000   204,028
Indonesia — 0.2%    
Indonesia Government International Bond      
3.85%, 07/18/27 144A 500,000   522,283
3.50%, 01/11/28 450,000   462,256
5.25%, 01/08/47 144A 200,000   228,625
4.35%, 01/11/48 1,000,000   1,035,851
3.70%, 10/30/49 1,180,000   1,140,104
3.05%, 03/12/51Δ 700,000   634,266
3.35%, 03/12/71 240,000   203,985
Perusahaan Penerbit SBSN Indonesia III      
2.55%, 06/09/31 144A Δ 590,000   564,778
        4,792,148
Ireland — 0.4%    
AerCap Ireland Capital DAC      
4.63%, 07/01/22 550,000   553,087
3.30%, 01/23/23 525,000   526,754
63
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
4.88%, 01/16/24 $350,000   $354,882
3.15%, 02/15/24 330,000   324,896
6.50%, 07/15/25 290,000   307,343
2.45%, 10/29/26 1,785,000   1,653,552
3.00%, 10/29/28 1,480,000   1,367,713
3.30%, 01/30/32 1,375,000   1,241,721
AIB Group PLC      
4.75%, 10/12/23 144A 950,000   966,924
GE Capital International Funding Co. Unlimited Co.      
4.42%, 11/15/35 250,000   268,986
SMBC Aviation Capital Finance DAC      
4.13%, 07/15/23 144A 900,000   902,985
STERIS Irish FinCo Unlimited Co.      
2.70%, 03/15/31 625,000   573,073
        9,041,916
Isle of Man — 0.0%    
Sasol Financing International, Ltd.      
4.50%, 11/14/22 370,000   371,080
Israel — 0.6%    
Bank of Israel Bill - Makam      
0.01%, 04/06/22(ZC) Ω 7,000,000   2,193,930
0.00%, 09/07/22(ZC) ⌂ 5,700,000   1,788,719
0.00%, 10/07/22(ZC) ⌂ 15,800,000   4,957,212
Israel Government International Bond      
3.25%, 01/17/28 1,500,000   1,547,044
2.75%, 07/03/30 2,060,000   2,042,595
3.38%, 01/15/50 430,000   408,500
        12,938,000
Italy — 0.3%    
Intesa Sanpaolo SpA      
3.13%, 07/14/22 144A 580,000   580,948
3.38%, 01/12/23 144A 220,000   220,550
5.02%, 06/26/24 144A 1,310,000   1,321,319
3.25%, 09/23/24 144A 1,400,000   1,387,334
5.71%, 01/15/26 144A Δ 200,000   204,566
UniCredit SpA      
7.83%, 12/04/23 144A 3,100,000   3,295,904
        7,010,621
Japan — 1.1%    
Aircastle, Ltd.      
5.25%, 08/11/25 144A 10,000   10,196
4.25%, 06/15/26 30,000   29,556
Japan Finance Organization for Municipalities      
2.13%, 10/25/23 144A 2,200,000   2,192,327
Mitsubishi UFJ Financial Group, Inc.      
1.41%, 07/17/25 2,100,000   1,969,664
3.74%, 03/07/29 35,000   35,362
4.29%, 07/26/38 30,000   31,478
Mizuho Financial Group, Inc.      
(Floating, ICE LIBOR USD 3M + 0.99%), 1.23%, 07/10/24† 1,700,000   1,707,864
    Par   Value
(Variable, ICE LIBOR USD 3M + 0.83%), 2.23%, 05/25/26^ $1,600,000   $1,535,470
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.25%), 3.26%, 05/22/30^ 2,100,000   2,038,070
Nissan Motor Co., Ltd.      
3.04%, 09/15/23 144A 330,000   329,430
3.52%, 09/17/25 144A Δ 3,210,000   3,149,894
4.35%, 09/17/27 144A 770,000   760,167
4.81%, 09/17/30 144A 2,200,000   2,185,509
Nomura Holdings, Inc.      
2.61%, 07/14/31 270,000   243,128
Panasonic Corporation      
2.54%, 07/19/22 144A 1,302,000   1,303,901
Sumitomo Mitsui Financial Group, Inc.      
4.44%, 04/02/24 144A 2,375,000   2,423,771
2.45%, 09/27/24 1,600,000   1,573,106
1.90%, 09/17/28 2,300,000   2,063,141
Takeda Pharmaceutical Co., Ltd.      
2.05%, 03/31/30 700,000   632,734
        24,214,768
Jersey — 0.1%    
Galaxy Pipeline Assets Bidco, Ltd.      
2.63%, 03/31/36 144A 200,000   179,816
2.94%, 09/30/40 940,000   851,352
        1,031,168
Kazakhstan — 0.0%    
KazMunayGas National Co. JSC      
5.38%, 04/24/30 144A 200,000   192,739
Kuwait — 0.1%    
Kuwait International Government Bond      
3.50%, 03/20/27 144A 1,190,000   1,240,682
Luxembourg — 0.0%    
ArcelorMittal SA      
7.00%, 10/15/39 70,000   82,337
Mexico — 1.1%    
Mexican Bonos      
10.00%, 12/05/24(M) 10,630,000   553,822
7.75%, 11/13/42(M) 245,995,200   11,537,410
8.00%, 11/07/47(M) 78,860,000   3,783,385
Mexico City Airport Trust      
3.88%, 04/30/28 144A 360,000   344,538
5.50%, 07/31/47 200,000   176,607
5.50%, 07/31/47 144A 270,000   238,419
Mexico Government International Bond      
2.66%, 05/24/31 760,000   694,032
4.75%, 04/27/32Δ 2,300,000   2,441,795
3.50%, 02/12/34 2,411,000   2,247,028
6.05%, 01/11/40 330,000   374,933
3.77%, 05/24/61 702,000   569,627
 
64
    Par   Value
Orbia Advance Corporation SAB de CV      
1.88%, 05/11/26 144A $550,000   $516,186
2.88%, 05/11/31 144A 520,000   461,237
Petroleos Mexicanos      
6.88%, 08/04/26 200,000   209,477
6.63%, 06/15/35 19,000   17,064
5.50%, 06/27/44 170,000   128,489
6.38%, 01/23/45 370,000   296,692
        24,590,741
Netherlands — 1.0%    
ABN AMRO Bank NV      
4.75%, 07/28/25 144A 200,000   204,724
(Variable, 4.67% - EUR Swap Rate 5Y), 4.38%, 09/22/25(E) ρ Δ ^ 400,000   444,929
Cooperatieve Rabobank UA      
4.38%, 08/04/25 670,000   681,472
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.00%), 1.34%, 06/24/26 144A Δ ^ 810,000   756,872
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.22%), 3.65%, 04/06/28 144A ^ 280,000   279,369
Enel Finance International NV      
1.88%, 07/12/28 144A Δ 1,150,000   1,038,851
2.88%, 07/12/41 144A 2,300,000   1,905,154
Equate Petrochemical BV      
4.25%, 11/03/26 144A 520,000   528,125
ING Groep NV      
4.63%, 01/06/26 144A 1,600,000   1,655,264
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.10%), 1.40%, 07/01/26 144A ^ 1,000,000   926,212
JDE Peet's NV      
1.38%, 01/15/27 144A 475,000   427,168
Lukoil Securities BV      
3.88%, 05/06/30 144A 210,000   111,937
3.88%, 05/06/30 630,000   335,812
Lundin Energy Finance BV      
2.00%, 07/15/26 144A 650,000   606,205
LYB International Finance BV      
4.88%, 03/15/44 60,000   64,033
NXP BV      
2.70%, 05/01/25 144A 1,870,000   1,814,509
3.88%, 06/18/26 144A 1,500,000   1,506,807
3.40%, 05/01/30 144A 250,000   242,687
2.50%, 05/11/31 144A 1,200,000   1,079,636
Petrobras Global Finance BV      
5.30%, 01/27/25 356,000   372,356
6.00%, 01/27/28Δ 1,290,000   1,355,990
6.85%, 06/05/15π 550,000   516,818
Prosus NV      
3.68%, 01/21/30 144A 200,000   175,452
3.06%, 07/13/31 144A 1,430,000   1,189,953
    Par   Value
4.03%, 08/03/50 144A $220,000   $166,538
3.83%, 02/08/51 144A Δ 420,000   307,129
Shell International Finance BV      
3.25%, 05/11/25 45,000   45,519
2.88%, 05/10/26 360,000   361,110
3.88%, 11/13/28 40,000   41,681
2.75%, 04/06/30 1,600,000   1,553,935
4.55%, 08/12/43 120,000   133,864
4.38%, 05/11/45 660,000   714,920
4.00%, 05/10/46 330,000   345,559
3.25%, 04/06/50 310,000   292,151
Syngenta Finance NV      
5.18%, 04/24/28 144A 200,000   206,896
        22,389,637
Nigeria — 0.1%    
Nigeria Government International Bond      
7.14%, 02/23/30 690,000   652,085
8.75%, 01/21/31 210,000   212,172
7.88%, 02/16/32 520,000   494,200
        1,358,457
Norway — 0.1%    
Yara International ASA      
4.75%, 06/01/28 144A 2,000,000   2,067,596
Panama — 0.1%    
Panama Government International Bond      
2.25%, 09/29/32 590,000   522,628
4.50%, 04/16/50 250,000   247,538
4.50%, 04/01/56 280,000   274,702
        1,044,868
Paraguay — 0.0%    
Paraguay Government International Bond      
3.85%, 06/28/33 144A 240,000   232,200
Peru — 0.3%    
Peruvian Government International Bond      
8.20%, 08/12/26 7,000,000   2,056,105
6.35%, 08/12/28(ZB) 6,100,000   1,655,348
2.78%, 01/23/31 1,330,000   1,255,520
5.63%, 11/18/50Δ 330,000   420,232
2.78%, 12/01/60Δ 10,000   7,851
3.23%, 07/28/21~ 50,000   38,140
        5,433,196
Poland — 0.1%    
Republic of Poland Government International Bond      
4.00%, 01/22/24 1,380,000   1,417,924
Qatar — 0.4%    
Qatar Energy      
2.25%, 07/12/31 144A 680,000   627,283
3.13%, 07/12/41 144A 630,000   574,778
65
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
3.30%, 07/12/51 144A $640,000   $589,284
Qatar Government International Bond      
3.38%, 03/14/24 144A 560,000   568,887
3.38%, 03/14/24 1,700,000   1,726,979
4.00%, 03/14/29 144A Δ 660,000   706,106
5.10%, 04/23/48 1,000,000   1,225,579
4.82%, 03/14/49 144A 1,520,000   1,806,085
        7,824,981
Romania — 0.3%    
Romanian Government International Bond      
3.00%, 02/27/27 144A 2,670,000   2,603,084
3.62%, 05/26/30(E)  144A 510,000   552,831
3.00%, 02/14/31 144A 130,000   120,521
2.00%, 01/28/32(E)  144A 70,000   64,591
2.00%, 04/14/33(E) 2,400,000   2,141,571
3.38%, 01/28/50(E)  144A 60,000   53,377
3.38%, 01/28/50(E) 70,000   62,273
4.00%, 02/14/51 144A 280,000   244,158
        5,842,406
Russia — 0.0%    
Russian Federal Bond - OFZ      
7.00%, 08/16/23(Q) ††† 52,440,000   32,271
7.75%, 09/16/26(Q) ††† 9,710,000   5,975
8.15%, 02/03/27(Q) ††† 87,410,000   53,791
7.05%, 01/19/28(Q) ††† 110,471,000   67,982
6.90%, 05/23/29(Q) ††† 455,677,000   280,417
7.25%, 05/10/34(Q) ††† 48,570,000   29,889
7.70%, 03/16/39(Q) ††† 135,260,000   83,237
        553,562
Saudi Arabia — 0.1%    
Saudi Arabian Oil Co.      
2.75%, 04/16/22 144A 1,800,000   1,800,866
Singapore — 0.0%    
Greenko Power II, Ltd.      
4.30%, 12/13/28 144A Δ 200,000   187,550
South Africa — 0.0%    
Republic of South Africa Government International Bond      
4.30%, 10/12/28Δ 280,000   271,317
South Korea — 0.1%    
Export-Import Bank of Korea      
5.00%, 04/11/22 900,000   900,594
Korea Development Bank (The)      
2.00%, 02/24/25Δ 220,000   215,089
        1,115,683
Spain — 0.3%    
Banco Santander SA      
(Floating, ICE LIBOR USD 3M + 1.12%), 1.36%, 04/12/23† 200,000   201,113
3.85%, 04/12/23 400,000   405,437
2.75%, 05/28/25 4,500,000   4,389,988
3.31%, 06/27/29 400,000   388,035
2.75%, 12/03/30 200,000   176,314
    Par   Value
Cellnex Finance Co. SA      
1.25%, 01/15/29(E) Δ $500,000   $484,773
Telefonica Emisiones SA      
5.21%, 03/08/47 400,000   430,303
        6,475,963
Supranational — 0.1%    
African Export-Import Bank (The)      
3.80%, 05/17/31 144A 250,000   231,288
Asian Development Bank      
6.55%, 01/26/25(S) 34,000,000   2,324,525
        2,555,813
Sweden — 0.0%    
Samhallsbyggnadsbolaget i Norden AB      
(Variable, 3.23% - EUR Swap Rate 5Y), 2.63%, 12/14/25(E) ρ Δ ^ 565,000   529,248
Swedbank AB      
1.30%, 06/02/23 144A 330,000   325,580
        854,828
Switzerland — 0.8%    
Credit Suisse AG      
6.50%, 08/08/23 144A 225,000   231,257
2.95%, 04/09/25 665,000   658,205
Credit Suisse Group AG      
(Variable, ICE LIBOR USD 3M + 1.24%), 4.21%, 06/12/24 144A ^ 2,100,000   2,119,334
(Variable, U.S. SOFR + 1.56%), 2.59%, 09/11/25 144A ^ 250,000   241,696
(Variable, USD ICE Swap Rate 5Y + 4.33%), 7.25%, 09/12/25 144A ρ Δ ^ 400,000   404,560
4.55%, 04/17/26 1,140,000   1,160,842
(Variable, U.S. SOFR + 2.04%), 2.19%, 06/05/26 144A ^ 610,000   573,492
4.28%, 01/09/28 144A 1,800,000   1,799,993
(Variable, ICE LIBOR USD 3M + 1.41%), 3.87%, 01/12/29 144A ^ 2,525,000   2,467,496
(Variable, U.S. SOFR + 3.73%), 4.19%, 04/01/31 144A ^ 955,000   943,759
(Variable, U.S. SOFR + 1.73%), 3.09%, 05/14/32 144A Δ ^ 755,000   682,159
Credit Suisse Group Funding Guernsey, Ltd.      
3.80%, 09/15/22 1,300,000   1,313,705
UBS AG      
4.50%, 06/26/48 144A 280,000   311,094
UBS Group AG      
3.49%, 05/23/23 144A 2,480,000   2,483,723
(Variable, ICE LIBOR USD 3M + 0.95%), 2.86%, 08/15/23 144A ^ 200,000   200,339
(Variable, USD Swap 5Y + 4.34%), 7.00%, 01/31/24 144A ρ ^ 840,000   876,964
4.13%, 09/24/25 144A 440,000   448,594
 
66
    Par   Value
4.25%, 03/23/28 144A $760,000   $776,193
        17,693,405
Taiwan — 0.0%    
TSMC Global, Ltd.      
2.25%, 04/23/31 144A 200,000   183,198
Turkey — 0.1%    
Turkey Government International Bond      
5.25%, 03/13/30 200,000   169,108
5.95%, 01/15/31 200,000   173,027
5.88%, 06/26/31 200,000   171,340
Turkish Airlines Pass-Through Trust, Series 2015-1, Class A      
4.20%, 03/15/27 144A 930,403   779,688
Turkiye Vakiflar Bankasi TAO      
8.13%, 03/28/24 200,000   204,371
6.50%, 01/08/26 144A 200,000   191,926
        1,689,460
United Arab Emirates — 0.3%    
Abu Dhabi Government International Bond      
2.50%, 10/11/22 144A 410,000   412,223
3.13%, 10/11/27 144A 500,000   513,717
3.13%, 04/16/30 144A 1,500,000   1,535,709
3.88%, 04/16/50 144A 2,500,000   2,623,652
DP World, Ltd.      
5.63%, 09/25/48 144A 620,000   672,888
        5,758,189
United Kingdom — 1.5%    
Anglo American Capital PLC      
3.63%, 09/11/24 144A 700,000   699,671
4.00%, 09/11/27 144A 220,000   220,819
Barclays Bank PLC      
1.70%, 05/12/22 200,000   200,112
7.63%, 11/21/22 415,000   425,516
Barclays PLC      
(Variable, U.S. SOFR + 2.71%), 2.85%, 05/07/26^ 800,000   777,631
3.25%, 02/12/27(U) 1,100,000   1,448,431
(Variable, ICE LIBOR USD 3M + 1.90%), 4.97%, 05/16/29^ 1,760,000   1,843,675
(Variable, ICE LIBOR USD 3M + 3.05%), 5.09%, 06/20/30^ 1,450,000   1,506,610
BP Capital Markets PLC      
3.81%, 02/10/24 330,000   337,028
3.54%, 11/04/24 60,000   60,993
3.51%, 03/17/25 330,000   336,532
British Telecommunications PLC      
9.63%, 12/15/30 45,000   61,504
CK Hutchison International 21, Ltd.      
2.50%, 04/15/31 144A 200,000   184,629
Hammerson PLC REIT      
3.50%, 10/27/25(U) 100,000   127,928
HSBC Holdings PLC      
(Floating, ICE LIBOR USD 3M + 1.00%), 1.49%, 05/18/24† 300,000   301,064
    Par   Value
(Variable, ICE LIBOR USD 3M + 1.21%), 3.80%, 03/11/25^ $625,000   $628,254
4.25%, 08/18/25 220,000   222,695
(Variable, U.S. SOFR + 1.54%), 1.65%, 04/18/26^ 1,050,000   989,052
(Variable, U.S. SOFR + 1.93%), 2.10%, 06/04/26^ 370,000   352,157
(Variable, ICE LIBOR USD 3M + 1.55%), 4.04%, 03/13/28^ 300,000   301,208
(Variable, ICE LIBOR USD 3M + 1.53%), 4.58%, 06/19/29^ 310,000   319,411
4.95%, 03/31/30 400,000   427,974
(Variable, U.S. SOFR + 1.41%), 2.87%, 11/22/32^ 330,000   300,375
(Variable, U.S. SOFR + 2.53%), 4.76%, 03/29/33Δ ^ 580,000   596,698
6.50%, 09/15/37 120,000   146,545
Lloyds Bank PLC      
0.00%, 04/02/32 STEP 2,000,000   1,371,140
Lloyds Banking Group PLC      
3.90%, 03/12/24 210,000   213,316
4.38%, 03/22/28 2,400,000   2,456,117
4.55%, 08/16/28 230,000   237,557
NatWest Group PLC      
2.50%, 03/22/23(E) 1,400,000   1,587,484
(Floating, ICE LIBOR USD 3M + 1.47%), 1.98%, 05/15/23† 1,300,000   1,301,349
(Variable, ICE LIBOR USD 3M + 1.48%), 3.50%, 05/15/23^ 429,000   429,622
3.88%, 09/12/23 579,000   585,135
(Variable, ICE LIBOR USD 3M + 1.55%), 4.52%, 06/25/24^ 2,205,000   2,238,922
(Variable, ICE LIBOR USD 3M + 1.76%), 4.27%, 03/22/25^ 1,215,000   1,229,681
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.10%), 3.75%, 11/01/29^ 200,000   198,521
Reckitt Benckiser Treasury Services PLC      
2.75%, 06/26/24 144A 1,900,000   1,896,911
Royalty Pharma PLC      
1.20%, 09/02/25 1,700,000   1,565,646
Santander UK Group Holdings PLC      
(Variable, U.S. SOFR + 1.48%), 2.90%, 03/15/32^ 1,200,000   1,087,963
Severn Trent Utilities Finance PLC      
6.25%, 06/07/29(U) 100,000   161,915
Society of Lloyd's      
4.75%, 10/30/24(U) 100,000   136,668
Standard Chartered PLC      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.78%), 0.99%, 01/12/25 144A ^ 1,900,000   1,816,357
Vedanta Resources Finance II PLC      
8.95%, 03/11/25 144A 200,000   194,761
Virgin Media Secured Finance PLC      
5.50%, 05/15/29 144A 210,000   208,762
Vmed O2 UK Financing I PLC      
4.75%, 07/15/31 144A 220,000   207,679
67
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Vodafone Group PLC      
4.13%, 05/30/25 $65,000   $66,996
4.38%, 05/30/28 340,000   356,229
6.15%, 02/27/37 10,000   12,005
        32,377,248
Uruguay — 0.0%    
Uruguay Government International Bond      
4.38%, 01/23/31Δ 410,000   447,798
Total Foreign Bonds
(Cost $298,709,393) 		  271,457,976
LOAN AGREEMENTS — 0.5%
1011778 B.C. Unlimited Liability Co. Term B-4 Loan      
(Floating, ICE LIBOR USD 1M + 1.75%), 2.21%, 10/01/26† 117,600   115,285
Ali Group S.R.L. Term Loan B      
0.00%, 02/01/27† Σ 150,000   148,063
APi Group DE, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 2.50%), 2.96%, 05/01/26† 216,061   213,946
Asurion LLC New B-7 Term Loan      
(Floating, ICE LIBOR USD 1M + 3.00%), 3.46%, 04/29/26† 262,472   259,472
Asurion LLC New B-9 Term Loan      
(Floating, ICE LIBOR USD 1M + 3.25%), 3.71%, 02/15/28† 238,200   233,734
athenahealth Group, Inc. Initial DDTL      
0.00%, 10/22/26† ≈ 152,174   150,842
athenahealth Group, Inc. Initial Term Loan      
(Floating, ICE CME Term SOFR USD 1M + 3.50%), 4.00%, 11/30/23† 897,826   889,970
Avolon TLB Borrower 1 LLC Term B-5 Loan      
(Floating, ICE LIBOR USD 1M + 2.25%, 0.50% Floor), 2.75%, 11/03/24† 178,200   176,704
Brookfield WEC Holdings, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 2.75%, 0.50% Floor), 3.25%, 10/16/26† 138,600   136,370
Brown Group Holdings LLC Initial Term Loan      
(Floating, ICE LIBOR USD 3M + 2.50%, 0.50% Floor), 3.51%, 01/29/26† 319,144   315,486
Castlelake Aviation One Designated Activity Co. Initial Term Loan      
(Floating, ICE LIBOR USD 3M + 2.75%, 0.50% Floor), 3.58%, 04/30/26† 308,450   300,933
Charter Communications Operating LLC Term B-1 Loan      
(Floating, ICE LIBOR USD 1M + 1.75%), 2.21%, 03/20/28† 152,300   151,896
    Par   Value
Charter Communications Operating LLC Term B-2 Loan      
(Floating, ICE LIBOR USD 1M + 1.75%), 2.21%, 10/08/28† $128,359   $127,459
Clarios Global LP Amendment No. 1 Dollar Term Loan      
(Floating, ICE LIBOR USD 1M + 3.25%), 3.71%, 10/13/28† 608,332   601,641
Cloudera, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 3.75%, 0.50% Floor), 4.25%, 12/01/27† 220,000   217,663
CSC Holdings LLC October 2018 Incremental Term Loan      
(Floating, ICE LIBOR USD 1M + 2.25%), 2.65%, 01/26/28† 129,003   127,390
DCert Buyer, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 4.00%), 4.46%, 06/07/28† 431,200   428,714
Delta Topco, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 3M + 3.75%, 0.75% Floor), 4.50%, 01/13/29† 466,250   459,674
Energizer Holdings, Inc. 2020 Term Loan      
(Floating, ICE LIBOR USD 1M + 2.25%, 0.50% Floor), 2.75%, 11/16/25† 138,600   136,521
EyeCare Partners LLC Initial Term Loan      
(Floating, ICE LIBOR USD 3M + 3.75%), 4.76%, 11/19/26† 402,413   397,950
Focus Financial Partners LLC Tranche B-3 Term Loan      
(Floating, ICE LIBOR USD 1M + 2.00%), 2.46%, 07/03/24† 85,624   84,589
Four Seasons Holdings, Inc. Term Loan 2013      
(Floating, ICE LIBOR USD 1M + 2.00%), 2.46%, 12/09/25† 98,322   98,153
Froneri International Limited Facility B2      
(Floating, ICE LIBOR USD 1M + 2.25%), 2.71%, 10/02/25† 265,950   261,676
Genesee & Wyoming Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 3M + 2.00%), 3.01%, 11/05/28† 58,950   58,388
Global Medical Response, Inc. 2021 Refinancing Term Loan      
(Floating, ICE LIBOR USD 3M + 4.25%, 1.00% Floor), 5.25%, 02/15/29† 598,366   595,281
Hilton Worldwide Finance LLC Refinanced Series B-2 Term Loan      
(Floating, ICE LIBOR USD 1M + 1.75%), 2.21%, 12/30/26† 68,355   67,754
 
68
    Par   Value
Hudson River Trading LLC Term Loan      
(Floating, ICE CME Term SOFR USD 1M + 3.00%), 3.43%, 03/01/27† $327,525   $323,056
iHeartCommunications, Inc. New Term Loan      
(Floating, ICE LIBOR USD 1M + 3.00%), 3.46%, 01/29/27† 167,519   166,755
II-VI, Inc. Term Loan B      
0.00%, 12/22/27† Σ 520,000   517,400
INEOS Styrolution Group GmbH 2026 Tranche B Dollar Term Loan      
(Floating, ICE LIBOR USD 1M + 2.75%, 0.50% Floor), 3.25%, 07/31/27† 159,200   156,673
Jane Street Group LLC Dollar Term Loan      
(Floating, ICE LIBOR USD 1M + 2.75%), 3.21%, 03/15/26† 44,055   43,550
Level 3 Financing, Inc. Tranche B 2027 Term Loan      
(Floating, ICE LIBOR USD 1M + 1.75%), 2.21%, 02/15/29† 227,945   224,009
LifePoint Health, Inc. Term B Loan      
(Floating, ICE LIBOR USD 1M + 3.75%), 4.20%, 01/15/26† 137,463   136,869
Nexstar Media, Inc. Term B-4 Loan      
(Floating, ICE LIBOR USD 1M + 2.50%), 2.73%, 09/18/26† 427,600   426,493
Rackspace Technology Global, Inc. 2021 Term B Loan      
(Floating, ICE LIBOR USD 3M + 2.75%, 0.75% Floor), 3.50%, 08/01/25† 178,200   175,177
Reynolds Consumer Products LLC Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 1.75%), 2.21%, 08/27/25† 19,869   19,585
Setanta Aircraft Leasing DAC Loan      
(Floating, ICE LIBOR USD 3M + 2.00%), 3.01%, 12/08/28† 680,000   670,936
TransDigm, Inc. Tranche F Refinancing Term Loan      
(Floating, ICE LIBOR USD 1M + 2.25%), 2.71%, 06/22/26† 39,596   38,983
UFC Holdings LLC Term B-3 Loan      
(Floating, ICE LIBOR USD 3M + 2.75%, 0.75% Floor), 3.50%, 04/30/25† 348,218   345,265
Univision Communications, Inc. 2021 Replacement Converted First-Lien Term Loan      
(Floating, ICE LIBOR USD 1M + 3.25%, 0.75% Floor), 4.00%, 02/04/27† 109,423   108,967
Verscend Holding Corporation Term B-1 Loan      
(Floating, ICE LIBOR USD 1M + 4.00%), 4.46%, 02/18/27† 207,884   207,624
    Par   Value
VFH Parent LLC Initial Term Loan      
(Floating, ICE CME Term SOFR USD 1M + 3.00%), 3.50%, 12/01/27† $280,000   $277,784
Total Loan Agreements
(Cost $10,670,944) 		    10,594,680
MORTGAGE-BACKED SECURITIES — 31.8%
280 Park Avenue Mortgage Trust, Series 2017-280P, Class A      
(Floating, ICE LIBOR USD 1M + 0.88%, 0.88% Floor), 1.19%, 09/15/34 144A † 1,200,000   1,195,297
3650R Commercial Mortgage Trust, Series 2021-PF1, Class AS      
2.78%, 11/15/54 750,000   705,388
Alba PLC, Series 2007-1, Class A3      
(Floating, SONIA Interest Rate + 0.29%), 0.39%, 03/17/39(U) † 523,292   661,306
Alternative Loan Trust, Series 2006-OA11, Class A1B      
(Floating, ICE LIBOR USD 1M + 0.38%, 0.38% Floor), 0.84%, 09/25/46† 194,251   190,639
American Home Mortgage Investment Trust, Series 2005-2, Class 4A1      
(Floating, ICE LIBOR USD 6M + 1.50%, 1.50% Floor, 11.00% Cap), 2.33%, 09/25/45† 29,085   29,103
Arbor Multifamily Mortgage Securities Trust, Series 2020-MF1, Class A5      
2.76%, 05/15/53 144A 1,300,000   1,240,824
AREIT Trust, Series 2020-CRE4, Class A      
(Floating, U.S. 30-Day Average SOFR + 2.73%, 2.62% Floor), 2.78%, 04/15/37 144A † 199,528   199,314
AREIT Trust, Series 2021-CRE5, Class A      
(Floating, ICE LIBOR USD 1M + 1.08%, 1.08% Floor), 1.48%, 07/17/26 144A † 2,800,000   2,745,722
BAMLL Commercial Mortgage Securities Trust, Series 2021-JACX, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%, 1.05% Floor), 1.45%, 09/15/38 144A † 2,300,000   2,260,595
Banc of America Funding Trust, Series 2005-D, Class A1      
2.73%, 05/25/35† γ 226,985   231,769
Banc of America Mortgage Trust, Series 2004-F, Class 1A1      
2.45%, 07/25/34† γ 25,028   25,136
BANK, Series 2017-BNK9, Class XA      
0.77%, 11/15/54†  IO γ 9,527,331   334,757
BANK, Series 2018-BNK10, Class D      
2.60%, 02/15/61 144A 200,000   158,561
69
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
BANK, Series 2018-BNK14, Class D      
3.00%, 09/15/60 144A $250,000   $201,158
BANK, Series 2019-BNK19, Class D      
3.00%, 08/15/61 144A 100,000   79,056
BANK, Series 2021-BN32, Class A5      
2.64%, 04/15/54 1,200,000   1,136,292
BANK, Series 2021-BN32, Class C      
3.37%, 04/15/54 300,000   277,534
BANK, Series 2021-BN34, Class A5      
2.44%, 06/15/63 1,500,000   1,401,266
BANK, Series 2021-BN37, Class A5      
2.62%, 11/15/64 1,150,000   1,084,246
BANK, Series 2022-BNK39, Class A4      
2.93%, 02/15/55 1,850,000   1,788,439
BANK, Series 2022-BNK40, Class A4      
3.51%, 03/15/64 2,100,000   2,118,798
BBCCRE Trust, Series 2015-GTP, Class A      
3.97%, 08/10/33 144A 1,600,000   1,604,063
BBCCRE Trust, Series 2015-GTP, Class D      
4.56%, 08/10/33 144A † γ 390,000   370,027
BBCMS Mortgage Trust, Series 2017-C1, Class D      
3.49%, 02/15/50 144A † γ 200,000   170,797
BBCMS Mortgage Trust, Series 2018-C2, Class A5      
4.31%, 12/15/51 1,700,000   1,800,266
BBCMS Mortgage Trust, Series 2020-C6, Class ASB      
2.60%, 02/15/53 1,800,000   1,758,149
BBCMS Mortgage Trust, Series 2021-C12, Class A5      
2.69%, 11/15/54 1,900,000   1,800,583
BBCMS Mortgage Trust, Series 2021-C9, Class A5      
2.30%, 02/15/54 600,000   553,412
BBCMS Mortgage Trust, Series 2021-C9, Class C      
3.19%, 02/15/54 300,000   274,522
Bear Stearns ALT-A Trust, Series 2005-4, Class 23A2      
2.63%, 05/25/35† γ 82,056   81,782
Bear Stearns ARM Trust, Series 2002-11, Class 1A1      
2.50%, 02/25/33† γ 4,140   4,242
Bear Stearns Structured Products, Inc. Trust, Series 2007-R6, Class 1A1      
2.73%, 01/26/36† γ 263,865   222,889
Bellemeade Re, Ltd., Series 2021-2A, Class M1B      
(Floating, U.S. 30-Day Average SOFR + 1.50%, 1.50% Floor), 1.60%, 06/25/31 144A † 310,000   302,994
    Par   Value
Benchmark Mortgage Trust, Series 2019-B9, Class A5      
4.02%, 03/15/52 $1,800,000   $1,865,957
Benchmark Mortgage Trust, Series 2020-B20, Class XA      
1.62%, 10/15/53†  IO γ 3,494,189   327,286
Benchmark Mortgage Trust, Series 2021-B28, Class XA      
1.29%, 08/15/54†  IO γ 3,868,220   337,518
Benchmark Mortgage Trust, Series 2021-B31, Class A5      
2.67%, 12/15/54 1,640,000   1,552,171
BWAY Mortgage Trust, Series 2021-1450, Class A      
(Floating, ICE LIBOR USD 1M + 1.25%, 1.25% Floor), 1.65%, 09/15/36 144A † 2,300,000   2,266,497
BX Commercial Mortgage Trust, Series 2019-XL, Class F      
(Floating, ICE LIBOR USD 1M + 2.00%, 2.00% Floor), 2.40%, 10/15/36 144A † 1,249,500   1,227,930
BX Commercial Mortgage Trust, Series 2021-21M, Class A      
(Floating, ICE LIBOR USD 1M + 0.73%, 0.73% Floor), 1.13%, 10/15/36 144A † 2,300,000   2,246,729
Cantor Commercial Real Estate Lending, Series 2019-CF2, Class E      
2.50%, 11/15/52 144A 550,000   414,890
CHL Mortgage Pass-Through Trust, Series 2003-58, Class 2A2      
2.48%, 02/19/34† γ 139,383   143,217
CHT Mortgage Trust, Series 2017-CSMO, Class A      
(Floating, ICE LIBOR USD 1M + 0.93%, 0.11% Floor), 1.33%, 11/15/36 144A † 310,000   309,141
Citigroup Commercial Mortgage Trust, Series 2014-GC23, Class B      
4.18%, 07/10/47 370,000   371,493
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class D      
3.11%, 04/10/48 144A 550,000   502,628
Citigroup Commercial Mortgage Trust, Series 2017-P7, Class D      
3.25%, 04/14/50 144A 150,000   119,089
Citigroup Commercial Mortgage Trust, Series 2019-C7, Class E      
2.75%, 12/15/72 144A 330,000   252,703
Citigroup Commercial Mortgage Trust, Series 2019-GC41, Class A5      
2.87%, 08/10/56 1,450,000   1,399,775
 
70
    Par   Value
Citigroup Commercial Mortgage Trust, Series 2021-KEYS, Class A      
(Floating, ICE LIBOR USD 1M + 1.18%, 1.18% Floor), 1.58%, 10/15/36 144A † $2,300,000   $2,267,268
Cold Storage Trust, Series 2020-ICE5, Class A      
(Floating, ICE LIBOR USD 1M + 0.90%, 0.90% Floor), 1.30%, 11/15/37 144A † 648,774   641,858
COMM Mortgage Trust, Series 2013-CR12, Class AM      
4.30%, 10/10/46 50,000   50,349
COMM Mortgage Trust, Series 2013-CR12, Class B      
4.76%, 10/10/46 40,000   40,028
COMM Mortgage Trust, Series 2013-CR12, Class C      
5.06%, 10/10/46† γ 20,000   19,348
COMM Mortgage Trust, Series 2013-CR6, Class B      
3.40%, 03/10/46 144A 390,000   388,201
COMM Mortgage Trust, Series 2014-277P, Class A      
3.61%, 08/10/49 144A † γ 160,000   160,226
COMM Mortgage Trust, Series 2014-UBS6, Class A5      
3.64%, 12/10/47 2,400,000   2,407,117
COMM Mortgage Trust, Series 2015-DC1, Class C      
4.33%, 02/10/48† γ 80,000   76,695
COMM Mortgage Trust, Series 2017-COR2, Class C      
4.59%, 09/10/50† γ 500,000   495,698
COMM Mortgage Trust, Series 2019-GC44, Class D      
2.50%, 08/15/57 144A 450,000   349,212
COMM Mortgage Trust, Series 2020-CX, Class B      
2.45%, 11/10/46 144A 1,060,000   941,582
Connecticut Avenue Securities Trust, Series 2018-R07, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.40%), 2.86%, 04/25/31 144A † 79,916   79,949
Connecticut Avenue Securities Trust, Series 2019-R02, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.30%, 2.30% Floor), 2.76%, 08/25/31 144A † 78,625   78,652
Connecticut Avenue Securities Trust, Series 2021-R01, Class 1M2      
(Floating, U.S. 30-Day Average SOFR + 1.55%), 1.65%, 10/25/41 144A † 279,000   269,921
Connecticut Avenue Securities Trust, Series 2021-R03, Class 1M2      
(Floating, U.S. 30-Day Average SOFR + 1.65%, 1.65% Floor), 1.75%, 12/25/41 144A † 245,000   232,244
    Par   Value
Connecticut Avenue Securities Trust, Series 2022-R02, Class 2M2      
(Floating, U.S. 30-Day Average SOFR + 3.00%), 3.10%, 01/25/42 144A † $430,000   $420,520
CRSNT Trust, Series 2021-MOON, Class A      
(Floating, ICE LIBOR USD 1M + 0.82%, 0.82% Floor), 1.22%, 04/15/36 144A † 2,500,000   2,465,271
CSAIL Commercial Mortgage Trust, Series 2018-C14, Class D      
4.92%, 11/15/51 144A † γ 300,000   272,942
CSAIL Commercial Mortgage Trust, Series 2021-C20, Class A3      
2.80%, 03/15/54 800,000   760,573
CSAIL Commercial Mortgage Trust, Series 2021-C20, Class C      
3.73%, 03/15/54† γ 300,000   286,319
CSMC Trust, Series 2010-16, Class B9      
2.89%, 06/25/50 144A † γ 2,123,618   1,806,959
CSMC Trust, Series 2018-J1, Class A2      
3.50%, 02/25/48 144A † γ 1,065,030   1,048,177
CSMC Trust, Series 2021-JR2, Class A1      
2.22%, 11/25/61 144A 1,637,225   1,606,893
CSMC, Series 2017-TIME, Class A      
3.65%, 11/13/39 144A 530,000   498,357
CSMC, Series 2020-FACT, Class D      
(Floating, ICE LIBOR USD 1M + 3.71%, 3.71% Floor), 4.11%, 10/15/37 144A † 670,000   670,129
CSMC, Series 2020-NET, Class A      
2.26%, 08/15/37 144A 1,957,668   1,863,760
CSMC, Series 2020-NET, Class B      
2.82%, 08/15/37 144A 650,000   621,302
CSMC, Series 2021-ADV, Class A      
(Floating, ICE LIBOR USD 1M + 1.40%, 1.40% Floor), 1.80%, 07/15/38 144A † 2,600,000   2,543,265
CSMC, Series 2021-NQM8, Class A1      
1.84%, 10/25/66 144A † γ 187,568   181,469
CSWF, Series 2021-SOP2, Class A      
(Floating, ICE LIBOR USD 1M + 0.97%, 0.97% Floor), 1.36%, 06/15/34 144A † 1,969,308   1,935,147
DBJPM Mortgage Trust, Series 2016-C1, Class D      
3.33%, 05/10/49 144A † γ 500,000   364,040
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2006-AR1, Class 3A1      
3.10%, 02/25/36† γ 514,334   413,238
DOLP Trust, Series 2021-NYC, Class A      
2.96%, 05/10/41 144A 3,400,000   3,209,201
71
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
ELP Commercial Mortgage Trust, Series 2021-ELP, Class A      
(Floating, ICE LIBOR USD 1M + 0.70%, 0.70% Floor), 1.10%, 11/15/38 144A † $840,000   $824,670
EQUS Mortgage Trust, Series 2021-EQAZ, Class A      
(Floating, ICE LIBOR USD 1M + 0.75%, 0.76% Floor), 1.15%, 10/15/38 144A † 1,100,000   1,078,718
Eurohome UK Mortgages PLC, Series 2007-1, Class A      
(Floating, ICE LIBOR GBP 3M + 0.15%), 1.19%, 06/15/44(U) † 1,201,472   1,541,050
Extended Stay America Trust, Series 2021-ESH, Class A      
(Floating, ICE LIBOR USD 1M + 1.08%, 1.08% Floor), 1.48%, 07/15/38 144A † 7,404,429   7,326,101
Fannie Mae Connecticut Avenue Securities, Series 2017-C04, Class 2M2      
(Floating, ICE LIBOR USD 1M + 2.85%), 3.31%, 11/25/29† 561,140   571,248
Fannie Mae Connecticut Avenue Securities, Series 2018-C01, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.25%, 2.25% Floor), 2.71%, 07/25/30† 125,588   126,652
Fannie Mae Connecticut Avenue Securities, Series 2018-C03, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.15%, 2.15% Floor), 2.61%, 10/25/30† 128,901   129,508
Federal Home Loan Mortgage Corporation      
2.50%, 399,960   399,960
8.00%, 08/01/24 205   214
5.50%, 02/01/27 10,044   10,685
4.50%, 10/01/29 840   872
7.50%, 11/01/29 1,695   1,872
7.50%, 12/01/29 1,863   2,059
(Floating, 2.23% - U.S. Treasury Yield Curve Rate CMT 1Y, 2.23% Floor, 11.36% Cap), 2.23%, 07/01/31† 2,214   2,214
7.50%, 11/01/31 6,575   6,601
(Floating, ICE LIBOR USD 1Y + 1.98%, 1.98% Floor, 10.60% Cap), 2.23%, 04/01/32† 224   224
3.00%, 10/01/32 55,279   55,872
3.50%, 08/01/33 347,188   348,856
5.00%, 08/01/33 2,193   2,376
5.00%, 09/01/33 359   389
5.00%, 10/01/33 1,181   1,276
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.37%, 2.37% Floor, 9.23% Cap), 2.55%, 03/01/34† 587   589
5.00%, 12/01/34 26,308   28,327
5.50%, 05/01/35 116,971   124,762
    Par   Value
5.00%, 07/01/35 $1,749   $1,895
5.00%, 11/01/35 57,592   62,424
5.50%, 11/01/35 11,195   12,171
5.00%, 12/01/35 5,203   5,567
5.00%, 02/01/37 5,154   5,587
5.50%, 07/01/37 13,107   14,446
3.50%, 01/01/38 276,163   282,786
3.00%, 04/01/38 48,606   48,416
5.50%, 04/01/38 3,113   3,436
7.00%, 03/01/39 7,519   8,467
6.50%, 09/01/39 15,438   16,716
4.00%, 02/01/41 18,849   19,742
2.50%, 04/01/41 86,023   83,186
5.00%, 06/01/41 947   1,018
2.00%, 09/01/41 1,149,794   1,083,361
1.50%, 10/01/41 77,580   70,351
1.50%, 11/01/41 19,538   17,718
3.50%, 10/01/42 57,005   58,318
4.00%, 10/01/42 19,291   20,108
3.50%, 11/01/42 114,073   116,297
3.50%, 12/01/42 11,133   11,335
3.50%, 01/01/43 16,545   16,835
3.50%, 02/01/43 91,472   93,266
4.00%, 04/01/43 56,535   58,929
3.50%, 05/01/43 204,225   208,539
4.00%, 05/01/43 27,389   28,670
4.00%, 06/01/43 33,893   35,459
4.00%, 07/01/43 115,669   120,979
4.00%, 08/01/43 48,996   51,427
4.50%, 12/01/43 377,718   405,251
3.50%, 02/01/44 27,391   27,807
4.50%, 02/01/44 284,255   303,953
4.50%, 03/01/44 77,378   81,953
3.50%, 03/01/45 265,015   271,107
4.00%, 12/01/45 147,148   153,401
3.50%, 06/01/46 29,203   29,780
4.00%, 09/01/46 160,134   165,925
4.50%, 01/01/47 50,876   52,820
(Floating, U.S. Treasury Yield Curve Rate CMT 5Y + 1.29%, 1.29% Floor, 7.20% Cap), 2.13%, 03/01/47† 389,738   387,210
3.50%, 04/01/47 4,453,885   4,528,291
3.50%, 06/01/47 28,080   28,535
4.00%, 07/01/47 200,830   207,856
4.00%, 08/01/47 56,674   58,103
3.00%, 09/01/47 658,784   655,193
3.50%, 09/01/47 308,535   312,690
(Floating, ICE LIBOR USD 1Y + 1.62%, 1.62% Floor, 7.87% Cap), 2.87%, 11/01/47† 310,292   312,792
3.50%, 03/01/48 53,270   53,902
4.00%, 03/01/48 33,686   34,761
3.50%, 06/01/48 170,011   172,269
4.00%, 06/01/48 1,303,854   1,351,082
4.00%, 07/01/48 499,500   512,255
4.50%, 08/01/48 658,752   695,540
5.00%, 08/01/48 79,514   84,128
 
72
    Par   Value
3.00%, 09/01/48 $93,327   $92,334
(Floating, ICE LIBOR USD 1Y + 1.63%, 1.63% Floor, 8.01% Cap), 3.01%, 11/01/48† 1,128,937   1,134,471
4.00%, 04/01/49 178,911   184,803
3.00%, 09/01/49 2,476,252   2,444,255
4.50%, 09/01/49 360,813   375,069
3.50%, 12/01/49 307,625   309,331
4.50%, 12/01/49 571,675   594,651
3.00%, 01/01/50 57,232   56,255
(Floating, ICE LIBOR USD 1Y + 1.62%, 1.62% Floor, 8.09% Cap), 3.09%, 02/01/50† 156,784   157,690
4.00%, 03/01/50 68,174   69,929
4.50%, 05/01/50 263,715   274,110
2.00%, 11/01/50 441,200   411,045
2.50%, 12/01/50 602,530   577,033
3.00%, 12/01/50 3,003,495   2,958,331
2.50%, 01/01/51 508,472   486,427
2.00%, 02/01/51 1,253,075   1,168,355
2.50%, 02/01/51 174,050   166,384
2.00%, 03/01/51 1,556,134   1,449,810
2.50%, 03/01/51 290,363   277,985
2.00%, 04/01/51 736,060   685,828
2.00%, 05/01/51 2,528,610   2,357,877
2.50%, 05/01/51 92,967   89,695
2.50%, 07/01/51 2,287,437   2,190,863
2.50%, 08/01/51 954,684   916,289
2.00%, 09/01/51 190,935   177,696
2.50%, 09/01/51 4,907,206   4,696,316
3.00%, 10/01/51 195,577   192,621
2.00%, 11/01/51 591,121   549,944
2.50%, 11/01/51 2,263,083   2,172,950
2.50%, 01/01/52 691,029   665,174
3.00%, 01/01/52 493,393   484,496
2.50%, 02/01/52 298,469   286,705
2.50%, 03/01/52 199,590   191,019
4.50%, 03/01/52 245,703   252,607
2.50%, 04/01/52 999,900   999,900
2.50%, 05/01/52 999,900   956,860
4.50%, 05/01/52 999,900   1,028,000
Federal Home Loan Mortgage Corporation Reference REMIC, Series R007      
6.00%, 05/15/36 79,701   87,252
Federal Home Loan Mortgage Corporation REMIC, Series 3325      
(Floating, ICE LIBOR USD 1M + 0.50%, 0.50% Floor, 6.75% Cap), 0.90%, 06/15/37† 53,703   54,115
Federal Home Loan Mortgage Corporation REMIC, Series 3621      
(Floating, 6.23% - ICE LIBOR USD 1M, 6.23% Cap), 5.83%, 01/15/40†  IO 114,656   16,452
Federal Home Loan Mortgage Corporation REMIC, Series 3947      
(Floating, 5.95% - ICE LIBOR USD 1M, 5.95% Cap), 5.55%, 10/15/41†  IO 47,655   6,456
    Par   Value
Federal Home Loan Mortgage Corporation REMIC, Series 3973      
(Floating, 6.49% - ICE LIBOR USD 1M, 6.49% Cap), 6.09%, 12/15/41†  IO $137,941   $22,574
Federal Home Loan Mortgage Corporation REMIC, Series 4099      
(Floating, 6.00% - ICE LIBOR USD 1M, 6.00% Cap), 5.60%, 08/15/42†  IO 87,336   13,727
Federal Home Loan Mortgage Corporation REMIC, Series 4194      
3.50%, 04/15/43 IO 122,571   19,705
Federal Home Loan Mortgage Corporation REMIC, Series 4210      
3.00%, 05/15/43 104,802   101,222
Federal Home Loan Mortgage Corporation REMIC, Series 4239      
3.50%, 06/15/27 IO 98,155   4,363
Federal Home Loan Mortgage Corporation REMIC, Series 4298      
4.00%, 04/15/43 IO 37,718   1,618
Federal Home Loan Mortgage Corporation REMIC, Series 4310      
(Floating, 5.95% - ICE LIBOR USD 1M, 5.95% Cap), 5.55%, 02/15/44†  IO 47,477   6,588
Federal Home Loan Mortgage Corporation REMIC, Series 4335      
(Floating, 6.00% - ICE LIBOR USD 1M, 6.00% Cap), 5.60%, 05/15/44†  IO 47,275   6,971
Federal Home Loan Mortgage Corporation REMIC, Series 4415      
1.57%, 04/15/41†  IO γ 60,924   2,542
Federal Home Loan Mortgage Corporation REMIC, Series 4638      
(Floating, ICE LIBOR USD 1M + 0.44%), 0.55%, 07/15/40† 168,265   169,490
Federal Home Loan Mortgage Corporation REMIC, Series 4793      
3.00%, 05/15/48 280,053   274,419
3.00%, 06/15/48 183,362   179,668
Federal Home Loan Mortgage Corporation REMIC, Series 4813      
3.00%, 08/15/48 129,413   126,528
Federal Home Loan Mortgage Corporation REMIC, Series 4989      
(Floating, ICE LIBOR USD 1M + 0.35%), 0.46%, 08/15/40† 663,908   661,329
(Floating, ICE LIBOR USD 1M + 0.35%), 0.46%, 10/15/40† 609,434   610,748
Federal Home Loan Mortgage Corporation REMIC, Series 5010      
2.50%, 09/25/50 IO 580,750   95,373
Federal Home Loan Mortgage Corporation REMIC, Series 5013      
2.50%, 09/25/50 IO 182,398   30,939
Federal Home Loan Mortgage Corporation REMIC, Series 5018      
2.00%, 10/25/50 IO 363,119   50,877
73
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Federal Home Loan Mortgage Corporation REMIC, Series 5040      
2.50%, 11/25/50 IO $81,355   $11,898
Federal Home Loan Mortgage Corporation REMIC, Series 5059      
2.50%, 01/25/51 IO 371,895   61,739
Federal Home Loan Mortgage Corporation REMIC, Series 5140      
2.50%, 05/25/49 IO 680,739   96,539
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA3, Class B1      
(Floating, ICE LIBOR USD 1M + 5.10%), 5.56%, 06/25/50 144A † 165,320   171,384
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA4, Class B1      
(Floating, ICE LIBOR USD 1M + 6.00%), 6.46%, 08/25/50 144A † 176,000   185,269
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA5, Class B1      
(Floating, U.S. 30-Day Average SOFR + 4.80%), 4.90%, 10/25/50 144A † 720,000   732,995
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2021-DNA5, Class M2      
(Floating, U.S. 30-Day Average SOFR + 1.65%), 1.75%, 01/25/34 144A † 200,000   196,996
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2021-HQA1, Class B1      
(Floating, U.S. 30-Day Average SOFR + 3.00%), 3.10%, 08/25/33 144A † 970,000   849,341
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA1, Class M1A      
(Floating, U.S. 30-Day Average SOFR + 1.00%), 1.10%, 01/25/42 144A † 625,000   614,395
Federal Home Loan Mortgage Corporation STRIP, Series 353      
(Floating, 6.00% - ICE LIBOR USD 1M, 6.00% Cap), 5.60%, 12/15/46†  IO 201,506   29,383
Federal National Mortgage Association      
5.50%, 09/01/23 1,156   1,168
5.50%, 10/01/23 315   318
2.81%, 04/01/25 50,000   50,003
    Par   Value
5.50%, 05/01/25 $32   $32
(Floating, Enterprise 11th District COFI Index + 1.35%, 1.35% Floor, 12.05% Cap), 1.47%, 07/01/27† 3,054   3,069
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.13%, 2.13% Floor, 11.79% Cap), 2.26%, 08/01/27† 3,653   3,658
(Floating, Enterprise 11th District COFI Index + 1.29%, 1.32% Floor, 10.61% Cap), 1.47%, 11/01/27 CONV † 5,746   5,774
3.08%, 01/01/28 140,000   141,835
3.16%, 05/01/29 144,413   147,204
3.25%, 05/01/29 19,744   20,230
2.79%, 08/01/29 500,000   498,130
3.47%, 03/01/30 19,707   20,352
2.26%, 04/01/30 384,590   371,205
(Floating, 2.38% - U.S. Treasury Yield Curve Rate CMT 1Y, 2.38% Floor, 10.63% Cap), 2.38%, 06/01/30 CONV † 7,952   7,958
2.93%, 06/01/30 19,339   19,398
8.00%, 10/01/30 5,299   5,876
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.51%, 2.51% Floor, 12.62% Cap), 2.63%, 12/01/30 CONV † 1,330   1,330
4.50%, 04/01/31 18,401   19,180
4.50%, 05/01/31 72,608   75,508
4.50%, 06/01/31 22,099   22,982
4.50%, 11/01/31 32,446   33,786
6.00%, 11/01/31 1,432   1,580
4.50%, 12/01/31 46,370   48,283
6.00%, 01/01/32 44,162   47,197
2.15%, 02/01/32† γ 40,000   37,644
6.00%, 03/01/32 1,642   1,755
6.00%, 04/01/32 79,812   85,394
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.13%, 1.25% Floor, 10.95% Cap), 1.47%, 06/01/32† 5,309   5,331
(Floating, Enterprise 11th District COFI Index + 1.25%, 1.25% Floor, 12.21% Cap), 1.48%, 08/01/32† 5,402   5,424
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 2.13%, 2.13% Floor, 9.75% Cap), 2.38%, 02/01/33† 745   744
(Floating, Enterprise 11th District COFI Index + 1.32%, 1.32% Floor, 11.99% Cap), 1.48%, 05/01/33† 5,359   5,392
5.00%, 07/01/33 10,217   10,860
5.00%, 09/01/33 12,676   13,709
3.50%, 05/01/34 79,325   81,240
6.00%, 10/01/34 22,497   24,027
 
74
    Par   Value
(Floating, ICE LIBOR USD 1Y + 1.55%, 1.55% Floor, 9.67% Cap), 1.80%, 12/01/34† $11,130   $11,125
3.50%, 12/01/34 17,025   17,243
3.50%, 01/01/35 17,855   18,084
6.00%, 05/01/35 119,832   128,482
3.00%, 07/01/35 22,711   22,651
6.00%, 07/01/35 32,856   35,259
5.50%, 09/01/35 21,989   23,374
5.00%, 10/01/35 35,579   38,149
6.00%, 10/01/35 11,470   12,719
(Floating, Enterprise 11th District COFI Index + 1.30%, 1.30% Floor, 10.55% Cap), 1.47%, 11/01/35† 2,232   2,234
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.86%, 1.86% Floor, 8.94% Cap), 1.88%, 11/01/35† 10,278   10,739
6.00%, 11/01/35 74,527   80,010
1.50%, 12/01/35 88,959   84,495
3.00%, 02/01/36 331,411   330,801
3.00%, 04/01/36 267,468   266,975
5.50%, 04/01/36 1,476   1,540
(Floating, Enterprise 11th District COFI Index + 1.26%, 3.92% Floor, 12.86% Cap), 3.96%, 05/01/36† 14,779   15,877
3.00%, 07/01/36 507,290   506,143
3.00%, 08/01/36 202,541   202,397
2.50%, 09/01/36 118,994   115,123
3.00%, 10/01/36 1,019,236   1,019,756
5.50%, 11/01/36 29,472   32,285
3.00%, 12/01/36 431,783   431,578
3.50%, 02/01/37 74,340   75,291
3.50%, 03/01/37 61,470   62,158
5.50%, 03/01/37 1,753   1,887
6.00%, 07/01/37 310,016   343,219
6.50%, 10/01/37 36,949   39,721
7.00%, 10/01/37 540   552
7.00%, 11/01/37 3,203   3,338
(Floating, Enterprise 11th District COFI Index + 1.25%, 1.28% Floor, 10.70% Cap), 1.47%, 12/01/37† 9,690   9,732
3.00%, 12/01/37 57,962   57,855
3.50%, 12/01/37 93,276   95,614
7.00%, 12/01/37 2,058   2,192
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.19%, 1.27% Floor, 10.58% Cap), 1.47%, 01/01/38† 2,945   2,953
2.50%, 03/01/38 425,907   412,567
4.50%, 03/01/38 3,158   3,306
4.50%, 04/01/38 21,171   22,452
5.00%, 04/01/38 33,699   36,487
3.00%, 06/01/38 245,846   245,408
5.00%, 06/01/38 33,120   35,821
5.50%, 08/01/38 20,088   22,173
7.00%, 11/01/38 8,091   8,984
7.00%, 02/01/39 3,517   3,977
    Par   Value
3.50%, 08/01/39 $62,314   $63,099
6.00%, 12/01/39 127,722   142,793
3.50%, 02/01/40 168,944   173,763
3.00%, 03/01/40 243,397   243,307
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.40%, 1.40% Floor, 9.68% Cap), 1.50%, 06/01/40† 13,455   13,820
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.40%, 1.40% Floor, 10.74% Cap), 1.50%, 10/01/40† 2,143   2,160
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.40%, 1.40% Floor, 10.57% Cap), 1.50%, 10/01/40† 37,872   38,192
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.17%, 1.25% Floor, 10.25% Cap), 1.47%, 11/01/40† 5,696   5,720
2.50%, 03/01/41 90,222   88,177
2.50%, 04/01/41 644,222   627,122
4.50%, 04/01/41 53,018   56,433
2.50%, 05/01/41 736,996   713,601
6.00%, 07/01/41 111,250   124,329
4.50%, 08/01/41 21,600   22,995
2.00%, 10/01/41 979,231   931,149
4.50%, 11/01/41 80,900   85,749
4.00%, 06/01/42 20,205   20,746
3.50%, 09/01/42 19,987   20,433
4.00%, 10/01/42 72,961   76,250
2.50%, 11/01/42 11,577   11,170
4.00%, 11/01/42 795,644   833,221
2.50%, 12/01/42 5,733   5,523
3.00%, 12/01/42 9,017   8,977
3.50%, 12/01/42 36,853   37,596
4.00%, 12/01/42 46,827   48,834
2.50%, 01/01/43 8,170   7,889
3.00%, 01/01/43 165,954   165,471
3.50%, 01/01/43 626,818   640,789
2.50%, 02/01/43 11,310   10,909
2.50%, 03/01/43 706,801   681,774
3.00%, 03/01/43 119,719   119,482
3.50%, 03/01/43 297,874   303,940
2.50%, 04/01/43 857,538   824,401
3.00%, 04/01/43 180,609   180,392
4.00%, 04/01/43 27,223   28,458
2.50%, 05/01/43 13,167   12,626
3.00%, 05/01/43 109,441   109,311
2.50%, 06/01/43 13,937   13,402
3.00%, 06/01/43 34,214   34,145
4.00%, 06/01/43 249,784   261,428
3.00%, 07/01/43 295,433   294,986
4.00%, 07/01/43 268,198   280,597
2.50%, 08/01/43 129,456   123,723
4.00%, 08/01/43 78,113   81,664
4.50%, 09/01/43 189,711   199,587
2.50%, 10/01/43 23,464   22,634
4.50%, 10/01/43 74,710   80,157
4.50%, 11/01/43 48,012   51,008
75
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
4.50%, 12/01/43 $74,974   $79,546
4.50%, 01/01/44 43,333   46,036
4.50%, 02/01/44 189,371   197,715
3.50%, 08/01/44 86,133   87,866
4.50%, 10/01/44 177,072   188,434
4.00%, 01/01/45 68,320   71,338
4.50%, 02/01/45 611,368   650,947
4.50%, 04/01/45 295,230   314,451
4.50%, 05/01/45 36,142   38,406
4.50%, 06/01/45 262,213   277,220
3.00%, 11/01/45 553,069   550,019
3.50%, 01/01/46 185,387   188,909
3.00%, 05/01/46 280,595   278,633
3.00%, 07/01/46 290,629   289,021
3.00%, 08/01/46 443,740   441,140
3.00%, 09/01/46 70,106   69,652
3.00%, 10/01/46 38,422   38,147
3.00%, 11/01/46 973,007   966,435
3.50%, 11/01/46 25,325   25,651
4.50%, 11/01/46 248,948   261,656
5.00%, 11/01/46 435,458   463,102
3.50%, 12/01/46 152,246   154,557
4.00%, 01/01/47 599,860   624,126
4.50%, 01/01/47 25,501   26,591
3.50%, 02/01/47 1,584,092   1,607,844
4.00%, 02/01/47 62,401   64,919
3.50%, 03/01/47 260,252   263,982
4.50%, 03/01/47 347,994   364,905
4.00%, 04/01/47 48,979   50,703
3.50%, 05/01/47 221,528   225,057
4.00%, 05/01/47 52,645   54,448
4.50%, 06/01/47 545,972   574,759
3.50%, 07/01/47 59,607   60,459
4.50%, 07/01/47 501,301   526,698
4.00%, 08/01/47 423,785   440,302
3.00%, 09/01/47 704,261   700,101
3.50%, 09/01/47 9,405,661   9,547,603
3.50%, 10/01/47 10,497,367   10,643,195
3.50%, 11/01/47 13,598,290   13,792,690
4.50%, 11/01/47 137,772   145,060
3.50%, 12/01/47 13,334,461   13,517,025
4.00%, 12/01/47 251,763   261,124
4.00%, 01/01/48 294,552   305,222
3.50%, 02/01/48 708,554   718,812
4.00%, 02/01/48 832,578   861,162
4.00%, 03/01/48 605,276   625,119
4.00%, 06/01/48 377,898   391,545
4.00%, 07/01/48 701,197   725,923
4.50%, 07/01/48 185,562   194,840
3.50%, 08/01/48 3,294,864   3,340,950
4.00%, 08/01/48 1,826,591   1,892,366
4.50%, 09/01/48 350,057   369,287
5.00%, 09/01/48 724,918   781,893
4.00%, 10/01/48 70,557   73,003
3.50%, 11/01/48 307,228   312,115
4.00%, 11/01/48 92,022   95,297
5.00%, 11/01/48 1,662,915   1,784,543
4.00%, 01/01/49 26,867   27,724
    Par   Value
4.50%, 01/01/49 $272,380   $283,226
4.50%, 02/01/49 66,850   69,454
4.00%, 05/01/49 45,642   47,323
4.50%, 05/01/49 984,808   1,023,751
3.50%, 06/01/49 293,574   297,269
4.50%, 06/01/49 690,921   716,324
4.50%, 07/01/49 495,526   515,082
3.00%, 09/01/49 740,047   727,572
4.50%, 09/01/49 80,797   83,731
4.00%, 10/01/49 39,867   41,172
3.00%, 12/01/49 695,501   684,862
4.00%, 12/01/49 138,294   142,837
3.00%, 02/01/50 2,138,025   2,123,823
3.00%, 03/01/50 285,628   280,775
4.50%, 03/01/50 7,534   7,746
3.00%, 04/01/50 1,319,604   1,300,717
4.50%, 05/01/50 754,198   781,061
3.00%, 06/01/50 708,007   695,999
4.50%, 06/01/50 80,166   82,419
4.50%, 07/01/50 40,795   42,268
2.00%, 08/01/50 77,562   72,297
3.00%, 08/01/50 123,757   121,557
3.50%, 08/01/50 75,377   75,872
2.00%, 09/01/50 79,064   73,696
2.50%, 09/01/50 91,429   87,668
2.50%, 11/01/50 272,667   261,489
3.00%, 11/01/50 121,677   119,566
2.50%, 12/01/50 86,620   82,952
4.00%, 12/01/50 63,813   65,560
4.50%, 12/01/50 618,416   641,481
2.00%, 01/01/51 450,530   419,667
2.50%, 01/01/51 86,145   82,509
2.00%, 02/01/51 1,346,937   1,254,773
2.50%, 02/01/51 770,129   736,766
4.50%, 02/01/51 1,746,686   1,797,150
2.00%, 03/01/51 4,834,979   4,504,064
2.50%, 03/01/51 1,124,479   1,075,824
2.00%, 04/01/51 2,713,322   2,526,940
2.50%, 04/01/51 278,398   266,794
2.50%, 05/01/51 275,128   263,287
2.50%, 06/01/51 724,103   694,755
2.50%, 07/01/51 861,607   826,798
2.00%, 08/01/51 287,307   267,206
2.50%, 08/01/51 383,427   368,031
3.00%, 08/01/51 735,099   727,075
2.50%, 09/01/51 4,351,128   4,169,568
3.00%, 09/01/51 94,392   92,758
2.00%, 10/01/51 292,883   272,393
2.50%, 10/01/51 678,192   650,307
2.00%, 11/01/51 98,815   91,879
2.50%, 11/01/51 390,835   375,573
3.00%, 11/01/51 194,173   192,251
2.50%, 12/01/51 293,010   280,426
3.00%, 12/01/51 195,803   193,865
2.00%, 01/01/52 590,070   548,828
2.50%, 01/01/52 1,487,747   1,427,005
3.00%, 01/01/52 791,762   780,163
2.00%, 02/01/52 992,328   923,862
 
76
    Par   Value
2.50%, 02/01/52 $2,382,997   $2,279,593
3.00%, 02/01/52 199,337   196,702
2.00%, 03/01/52 497,499   463,808
2.50%, 03/01/52 798,656   764,246
3.00%, 03/01/52 1,888,439   1,869,811
2.50%, 04/01/52 100,000   95,707
2.50%, 05/01/52 1,899,810   1,815,662
4.00%, 02/01/56 312,298   327,926
5.50%, 09/01/56 451,391   503,403
4.00%, 01/01/57 203,794   213,992
4.00%, 06/01/57 304,750   319,181
4.50%, 09/01/57 499,963   533,832
4.50%, 08/01/58 137,393   146,688
Federal National Mortgage Association ACES, Series 2015-M1      
0.51%, 09/25/24†  IO γ 2,515,481   22,677
Federal National Mortgage Association ACES, Series 2016-M11      
2.94%, 07/25/39 56,960   56,902
Federal National Mortgage Association ACES, Series 2017-M8      
3.06%, 05/25/27 96,602   97,936
Federal National Mortgage Association ACES, Series 2019-M23      
2.72%, 10/25/31 275,353   275,191
Federal National Mortgage Association ACES, Series 2020-M33      
2.25%, 01/25/31†  IO γ 7,099,640   889,722
Federal National Mortgage Association ACES, Series 2020-M6      
2.50%, 10/25/37 91,058   89,247
Federal National Mortgage Association Interest STRIP, Series 409      
3.00%, 04/25/27 IO 85,318   4,236
4.50%, 11/25/39 IO 16,683   2,705
3.50%, 11/25/41 IO 58,527   6,088
4.00%, 11/25/41 IO 77,740   14,377
4.00%, 04/25/42 IO 142,402   23,127
Federal National Mortgage Association REMIC, Series 2000-32      
(Floating, ICE LIBOR USD 1M + 0.45%, 0.45% Floor, 9.00% Cap), 0.92%, 10/18/30† 3,765   3,775
Federal National Mortgage Association REMIC, Series 2005-29      
5.50%, 04/25/35 236,963   258,951
Federal National Mortgage Association REMIC, Series 2007-24      
(Floating, 6.75% - ICE LIBOR USD 1M, 6.75% Cap), 6.29%, 03/25/37†  IO 250,746   38,049
    Par   Value
Federal National Mortgage Association REMIC, Series 2011-52      
5.00%, 06/25/41 $142,260   $151,756
Federal National Mortgage Association REMIC, Series 2011-59      
5.50%, 07/25/41 472,203   511,045
Federal National Mortgage Association REMIC, Series 2011-96      
(Floating, 6.55% - ICE LIBOR USD 1M, 6.55% Cap), 6.09%, 10/25/41†  IO 195,591   24,827
Federal National Mortgage Association REMIC, Series 2012-101      
4.00%, 09/25/27 IO 38,220   1,289
Federal National Mortgage Association REMIC, Series 2012-111      
7.00%, 10/25/42 12,940   14,607
Federal National Mortgage Association REMIC, Series 2012-133      
(Floating, 6.15% - ICE LIBOR USD 1M, 6.15% Cap), 5.69%, 12/25/42†  IO 55,789   9,078
Federal National Mortgage Association REMIC, Series 2012-153      
7.00%, 07/25/42 43,443   49,383
Federal National Mortgage Association REMIC, Series 2012-28      
6.50%, 06/25/39 2,264   2,395
Federal National Mortgage Association REMIC, Series 2012-35      
(Floating, 6.50% - ICE LIBOR USD 1M, 6.50% Cap), 6.04%, 04/25/42†  IO 57,071   9,207
Federal National Mortgage Association REMIC, Series 2012-46      
6.00%, 05/25/42 61,391   67,440
Federal National Mortgage Association REMIC, Series 2012-70      
(Floating, 6.65% - ICE LIBOR USD 1M, 6.65% Cap), 6.19%, 02/25/41†  IO 462   2
Federal National Mortgage Association REMIC, Series 2012-74      
(Floating, 6.65% - ICE LIBOR USD 1M, 6.65% Cap), 6.19%, 03/25/42†  IO 77,545   8,553
77
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Federal National Mortgage Association REMIC, Series 2012-75      
(Floating, 6.60% - ICE LIBOR USD 1M, 6.60% Cap), 6.14%, 07/25/42†  IO $14,386   $2,067
Federal National Mortgage Association REMIC, Series 2013-124      
(Floating, 5.95% - ICE LIBOR USD 1M, 5.95% Cap), 5.49%, 12/25/43†  IO 218,409   31,828
Federal National Mortgage Association REMIC, Series 2013-14      
4.00%, 03/25/43 IO 56,205   7,904
Federal National Mortgage Association REMIC, Series 2013-17      
3.00%, 03/25/28 IO 373,323   22,990
Federal National Mortgage Association REMIC, Series 2013-29      
4.00%, 04/25/43 IO 151,194   21,865
Federal National Mortgage Association REMIC, Series 2013-54      
(Floating, 6.15% - ICE LIBOR USD 1M, 6.15% Cap), 5.69%, 06/25/43†  IO 93,243   15,557
Federal National Mortgage Association REMIC, Series 2013-9      
5.50%, 04/25/42 277,342   297,753
6.50%, 07/25/42 115,586   129,442
Federal National Mortgage Association REMIC, Series 2014-47      
1.61%, 08/25/44†  IO γ 185,940   8,757
Federal National Mortgage Association REMIC, Series 2015-55      
1.40%, 08/25/55†  IO γ 68,794   2,462
Federal National Mortgage Association REMIC, Series 2015-56      
(Floating, 6.15% - ICE LIBOR USD 1M, 6.15% Cap), 5.69%, 08/25/45†  IO 35,554   6,150
Federal National Mortgage Association REMIC, Series 2017-76      
(Floating, 6.10% - ICE LIBOR USD 1M, 6.10% Cap), 5.64%, 10/25/57†  IO 434,820   80,419
Federal National Mortgage Association REMIC, Series 2017-85      
(Floating, 6.20% - ICE LIBOR USD 1M, 6.20% Cap), 5.74%, 11/25/47†  IO 149,079   22,550
Federal National Mortgage Association REMIC, Series 2020-47      
2.00%, 07/25/50 310,677   249,296
    Par   Value
Federal National Mortgage Association REMIC, Series 2020-56      
2.50%, 08/25/50 IO $341,577   $57,386
Federal National Mortgage Association REMIC, Series 2020-74      
2.50%, 10/25/50 IO 167,562   27,385
Federal National Mortgage Association REMIC, Series 2020-89      
2.50%, 12/25/50 IO 834,079   120,657
Federal National Mortgage Association REMIC, Series 2021-1      
2.50%, 02/25/51 IO 641,383   105,617
Federal National Mortgage Association REMIC, Series 2021-3      
2.50%, 02/25/51 IO 791,040   114,503
FHLMC Multifamily Structured Pass-Through Certificates, Series K068      
0.43%, 08/25/27†  IO γ 2,375,384   48,860
FHLMC Multifamily Structured Pass-Through Certificates, Series K091      
0.56%, 03/25/29†  IO γ 1,409,591   48,808
FHLMC Multifamily Structured Pass-Through Certificates, Series K093      
0.95%, 05/25/29†  IO γ 1,989,113   113,760
FHLMC Multifamily Structured Pass-Through Certificates, Series K094      
0.88%, 06/25/29†  IO γ 996,936   53,723
FHLMC Multifamily Structured Pass-Through Certificates, Series K-1519      
0.61%, 12/25/35†  IO γ 6,044,214   358,602
FHLMC Multifamily Structured Pass-Through Certificates, Series K723      
0.91%, 08/25/23†  IO γ 2,760,691   28,097
FHLMC Multifamily Structured Pass-Through Certificates, Series K736      
1.31%, 07/25/26†  IO γ 1,024,406   45,205
FHLMC Multifamily Structured Pass-Through Certificates, Series K741      
0.57%, 12/25/27†  IO γ 2,998,066   85,169
FHLMC Structured Agency Credit Risk Debt Notes, Series 2016-DNA4, Class M3      
(Floating, ICE LIBOR USD 1M + 3.80%), 4.26%, 03/25/29† 162,894   168,539
FHLMC Structured Pass-Through Certificates, Series T-61, Class 1A1      
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.40%, 1.40% Floor), 1.54%, 07/25/44† 294,278   302,449
 
78
    Par   Value
Finsbury Square PLC, Series 2020-2A, Class A      
(Floating, SONIA Interest Rate + 1.30%), 1.58%, 06/16/70(U)  144A † $1,065,274   $1,406,630
First Horizon Alternative Mortgage Securities Trust, Series 2004-AA1, Class A1      
2.13%, 06/25/34† γ 121,681   122,723
FREMF Mortgage Trust, Series 2012-K20, Class X2A      
0.20%, 05/25/45 144A  IO 582,654   6
Government National Mortgage Association      
7.00%, 01/15/26 1,512   1,578
7.00%, 07/15/27 10,139   10,821
7.00%, 01/15/28 8,461   8,536
7.00%, 03/15/28 15,057   16,166
7.00%, 07/15/28 1,449   1,473
6.50%, 08/15/28 1,082   1,157
7.00%, 08/15/28 1,512   1,584
7.50%, 08/15/28 4,840   5,157
6.50%, 09/15/28 2,214   2,367
7.00%, 10/15/28 8,774   8,806
7.50%, 03/15/29 5,801   6,295
(Floating, U.S. Treasury Yield Curve Rate CMT 1Y + 1.50%, 1.50% Floor, 11.00% Cap), 1.75%, 11/20/29† 11,543   11,776
8.50%, 08/15/30 170   170
8.50%, 11/20/30 4,165   4,592
6.50%, 08/15/31 14,730   15,753
7.50%, 08/15/31 5,361   5,643
6.50%, 10/15/31 18,924   20,369
6.00%, 11/15/31 60,250   65,226
6.50%, 11/15/31 9,611   10,270
6.00%, 12/15/31 8,212   8,942
6.00%, 01/15/32 46,615   50,147
6.00%, 02/15/32 30,770   32,861
6.50%, 02/15/32 21,784   23,302
6.00%, 04/15/32 31,016   33,139
6.50%, 06/15/32 35,441   37,913
6.50%, 08/15/32 39,202   41,920
6.50%, 09/15/32 36,903   39,916
6.00%, 10/15/32 44,407   49,497
5.50%, 11/15/32 6,179   6,642
6.00%, 11/15/32 33,975   36,588
6.00%, 12/15/32 21,000   22,734
6.50%, 12/15/32 4,255   4,548
5.50%, 01/15/33 3,340   3,575
6.00%, 01/15/33 12,607   13,528
5.50%, 02/15/33 6,494   7,076
6.00%, 02/15/33 14,011   15,728
5.50%, 03/15/33 7,890   8,615
6.50%, 04/15/33 76,055   83,413
6.00%, 06/15/33 15,710   16,785
5.50%, 07/15/33 8,503   9,220
5.50%, 08/15/33 2,774   2,968
5.50%, 09/15/33 2,216   2,372
    Par   Value
6.00%, 10/15/33 $29,225   $31,252
6.50%, 10/15/33 44,429   47,532
5.50%, 04/15/34 3,215   3,437
5.50%, 05/15/34 2,261   2,418
6.50%, 08/15/34 46,850   51,060
5.50%, 09/15/34 31,284   34,619
5.50%, 12/15/34 34,614   38,343
5.50%, 01/15/35 23,664   26,262
6.00%, 09/20/38 70,066   77,273
5.00%, 07/20/40 5,187   5,678
5.00%, 09/20/40 24,645   27,073
4.00%, 10/20/40 2,796   2,940
6.00%, 10/20/40 8,749   9,646
6.00%, 01/20/41 7,842   8,555
4.50%, 04/20/41 96,750   103,071
3.00%, 09/15/42 221,636   220,658
3.00%, 10/15/42 104,011   103,627
3.00%, 11/15/42 44,773   44,608
4.00%, 08/20/43 166,734   175,291
3.50%, 06/20/44 58,089   59,656
3.00%, 01/15/45 1,078,763   1,068,919
3.50%, 03/20/45 24,792   25,360
3.50%, 04/15/45 250,995   258,574
4.00%, 05/20/45 14,085   14,762
4.00%, 10/20/45 101,799   104,922
3.50%, 01/20/46 65,186   66,711
3.50%, 04/20/46 140,659   143,425
3.50%, 05/20/46 71,323   72,691
3.50%, 06/20/46 146,099   148,768
3.50%, 07/20/46 73,550   74,875
3.00%, 08/20/46 187,273   186,605
3.50%, 09/20/46 654,644   661,353
3.00%, 11/20/46 45,406   45,244
3.50%, 04/20/47 1,557,136   1,580,063
3.50%, 05/20/47 85,949   87,214
4.00%, 06/20/47 624,300   643,600
4.50%, 08/20/47 29,521   31,197
3.00%, 09/20/47 12,624   12,576
4.00%, 09/20/47 399,652   413,049
3.50%, 10/20/47 403,433   409,703
4.00%, 11/20/47 242,875   251,659
3.50%, 12/20/47 1,457,141   1,477,525
4.00%, 12/20/47 109,087   113,031
3.00%, 02/20/48 59,418   59,174
4.00%, 02/20/48 69,348   71,853
4.00%, 03/20/48 109,439   113,394
4.00%, 04/20/48 69,470   71,448
4.50%, 04/20/48 188,757   197,661
4.50%, 05/20/48 640,988   670,335
3.50%, 06/15/48 115,564   118,988
4.50%, 06/20/48 188,957   197,602
4.50%, 07/20/48 12,989   13,583
5.00%, 07/20/48 152,060   160,112
4.50%, 08/20/48 1,608,715   1,670,411
5.00%, 08/20/48 179,938   189,791
4.50%, 09/20/48 1,097,038   1,145,663
4.50%, 10/20/48 174,225   181,397
79
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
5.00%, 10/20/48 $727,938   $765,048
5.00%, 11/20/48 1,308,570   1,375,252
4.50%, 12/20/48 704,440   733,258
5.00%, 12/20/48 764,482   803,328
4.50%, 01/20/49 2,760,720   2,872,208
5.00%, 01/20/49 2,339,042   2,450,753
4.00%, 02/20/49 1,242,973   1,277,546
4.50%, 02/20/49 257,116   267,358
5.00%, 02/20/49 54,654   57,408
4.00%, 03/20/49 1,057,543   1,087,648
4.50%, 03/20/49 188,596   196,213
5.00%, 03/20/49 236,272   248,195
3.50%, 07/20/49 231,071   233,031
3.00%, 08/20/49 1,701,564   1,691,063
5.00%, 08/20/49 3,842,100   4,035,071
3.50%, 10/20/49 51,399   51,245
4.00%, 10/20/49 43,001   44,652
4.50%, 10/20/49 227,057   235,536
4.00%, 11/20/49 52,287   52,885
5.00%, 11/20/49 296,095   311,537
3.00%, 01/20/50 205,698   203,171
4.00%, 01/20/50 54,448   57,207
3.50%, 02/20/50 864,581   871,603
4.00%, 02/20/50 48,664   50,943
3.00%, 03/20/50 6,931,248   6,874,753
4.00%, 03/20/50 33,971   35,833
4.00%, 04/20/50 188,577   197,161
3.50%, 05/15/50 114,208   116,617
4.50%, 05/20/50 519,334   541,185
3.50%, 07/20/50 90,566   91,306
4.50%, 12/20/50 338,809   353,162
3.00%, 07/20/51 161,667   160,301
3.00%, 09/20/51 282,271   279,824
3.00%, 11/20/51 977,656   968,757
3.00%, 12/20/51 984,227   974,650
2.50%, 04/01/52 TBA 3,000,000   2,909,883
3.00%, 04/01/52 TBA 11,000,000   10,872,383
3.50%, 04/01/52 TBA 15,000,000   15,086,719
4.50%, 04/01/52 TBA 1,000,000   1,034,062
3.00%, 05/01/52 TBA 2,700,000   2,662,137
3.50%, 05/01/52 TBA 800,000   802,250
3.00%, 06/01/52 TBA 1,800,000   1,770,469
3.50%, 06/01/52 TBA 1,300,000   1,299,797
4.00%, 06/01/52 TBA 400,000   405,078
Government National Mortgage Association, Series 2007-30      
(Floating, ICE LIBOR USD 1M + 0.30%, 0.30% Floor, 6.50% Cap), 0.75%, 05/20/37† 59,824   59,808
Government National Mortgage Association, Series 2007-51      
(Floating, 6.58% - ICE LIBOR USD 1M, 6.58% Cap), 6.13%, 08/20/37†  IO 542,427   49,328
Government National Mortgage Association, Series 2010-85      
(Floating, 6.65% - ICE LIBOR USD 1M, 6.65% Cap), 6.20%, 01/20/40†  IO 6,268   231
    Par   Value
Government National Mortgage Association, Series 2010-H28      
(Floating, ICE LIBOR USD 1M + 0.40%, 0.40% Floor, 10.50% Cap), 0.51%, 12/20/60† $130,824   $130,282
Government National Mortgage Association, Series 2011-H08      
(Floating, ICE LIBOR USD 1M + 0.48%, 0.48% Floor, 10.50% Cap), 0.59%, 03/20/61† 147,763   147,368
Government National Mortgage Association, Series 2011-H09      
(Floating, ICE LIBOR USD 1M + 0.50%, 0.50% Floor, 10.50% Cap), 0.61%, 03/20/61† 103,201   102,969
Government National Mortgage Association, Series 2012-144      
0.33%, 01/16/53†  IO γ 2,914,439   30,901
Government National Mortgage Association, Series 2012-34      
(Floating, 6.05% - ICE LIBOR USD 1M, 6.05% Cap), 5.60%, 03/20/42†  IO 20,333   3,273
Government National Mortgage Association, Series 2012-H27      
1.76%, 10/20/62†  IO γ 350,316   11,460
Government National Mortgage Association, Series 2012-H30      
(Floating, ICE LIBOR USD 1M + 0.35%, 0.35% Floor, 10.50% Cap), 0.46%, 12/20/62† 487,412   485,265
Government National Mortgage Association, Series 2013-107      
2.76%, 11/16/47† γ 140,778   137,238
Government National Mortgage Association, Series 2013-53      
3.50%, 04/20/43 IO 45,679   4,582
Government National Mortgage Association, Series 2014-118      
(Floating, 6.20% - ICE LIBOR USD 1M, 6.20% Cap), 5.75%, 08/20/44†  IO 110,438   18,701
Government National Mortgage Association, Series 2014-17      
3.36%, 06/16/48† γ 5,670   5,717
Government National Mortgage Association, Series 2014-93      
0.54%, 11/16/55†  IO γ 867,531   23,881
Government National Mortgage Association, Series 2015-167      
4.00%, 04/16/45 IO 53,791   8,882
Government National Mortgage Association, Series 2015-H11      
(Floating, ICE LIBOR USD 1M + 0.55%, 0.55% Floor, 7.50% Cap), 0.66%, 05/20/65† 1,584,624   1,582,598
Government National Mortgage Association, Series 2015-H14      
(Floating, ICE LIBOR USD 1M + 0.43%, 0.43% Floor, 11.00% Cap), 0.54%, 05/20/65† 1,497,001   1,492,119
 
80
    Par   Value
(Floating, ICE LIBOR USD 1M + 0.57%, 0.57% Floor, 7.50% Cap), 0.68%, 06/20/65† $2,731,520   $2,729,199
Government National Mortgage Association, Series 2015-H15      
(Floating, ICE LIBOR USD 1M + 0.58%, 0.58% Floor, 7.50% Cap), 0.69%, 06/20/65† 1,053,765   1,053,311
(Floating, ICE LIBOR USD 1M + 0.60%, 0.60% Floor, 7.50% Cap), 0.71%, 06/20/65† 2,691,107   2,690,962
Government National Mortgage Association, Series 2015-H16      
(Floating, ICE LIBOR USD 1M + 0.60%, 0.60% Floor), 0.71%, 07/20/65† 2,533,508   2,533,584
Government National Mortgage Association, Series 2015-H17      
(Floating, ICE LIBOR USD 1M + 0.46%, 0.46% Floor), 0.56%, 06/20/65† 354,716   353,694
Government National Mortgage Association, Series 2015-H18      
(Floating, ICE LIBOR USD 1M + 0.60%, 0.60% Floor, 7.50% Cap), 0.71%, 07/20/65† 354,311   354,296
Government National Mortgage Association, Series 2015-H19      
(Floating, ICE LIBOR USD 1M + 0.60%, 0.60% Floor), 0.71%, 08/20/65† 403,990   403,997
Government National Mortgage Association, Series 2015-H22      
(Floating, ICE LIBOR USD 1M + 0.60%, 0.60% Floor, 7.50% Cap), 0.71%, 09/20/65† 434,251   434,273
Government National Mortgage Association, Series 2015-H23      
(Floating, ICE LIBOR USD 1M + 0.62%, 0.62% Floor, 7.50% Cap), 0.73%, 09/20/65† 448,499   448,785
Government National Mortgage Association, Series 2015-H26      
(Floating, ICE LIBOR USD 1M + 0.52%, 0.52% Floor, 11.00% Cap), 0.63%, 10/20/65† 1,015,218   1,013,218
Government National Mortgage Association, Series 2015-H30      
(Floating, ICE LIBOR USD 1M + 0.68%, 0.68% Floor), 0.79%, 08/20/61† 1,798   1,803
Government National Mortgage Association, Series 2016-152      
0.73%, 08/15/58†  IO γ 2,956,385   121,147
Government National Mortgage Association, Series 2017-190      
0.54%, 03/16/60†  IO γ 2,717,001   107,118
Government National Mortgage Association, Series 2017-H15      
(Floating, ICE LIBOR USD 1Y + 0.80%, 0.80% Floor, 7.50% Cap), 1.05%, 07/20/67† 1,218,737   1,223,925
    Par   Value
2.20%, 07/20/67†  IO γ $357,963   $28,605
Government National Mortgage Association, Series 2017-H18      
1.61%, 09/20/67†  IO γ 2,875,636   139,496
Government National Mortgage Association, Series 2017-H20      
2.04%, 10/20/67†  IO γ 128,343   9,196
Government National Mortgage Association, Series 2017-H22      
2.37%, 11/20/67†  IO γ 1,059,476   63,817
Government National Mortgage Association, Series 2018-H07      
(Floating, ICE LIBOR USD 1M + 0.30%, 0.30% Floor, 11.00% Cap), 0.41%, 05/20/68† 629,875   626,100
Government National Mortgage Association, Series 2020-123      
2.50%, 08/20/50 IO 616,985   88,912
Government National Mortgage Association, Series 2020-127      
2.50%, 08/20/50 IO 173,998   25,078
Government National Mortgage Association, Series 2020-129      
2.50%, 09/20/50 IO 180,638   26,080
Government National Mortgage Association, Series 2020-160      
2.50%, 10/20/50 IO 816,510   109,811
Government National Mortgage Association, Series 2020-179      
1.00%, 09/16/62†  IO γ 7,214,395   568,452
Government National Mortgage Association, Series 2020-181      
2.00%, 12/20/50 IO 1,403,049   147,200
Government National Mortgage Association, Series 2020-47      
3.50%, 04/20/50 IO 399,755   60,058
Government National Mortgage Association, Series 2020-H09      
(Floating, ICE LIBOR USD 1M + 1.25%, 1.25% Floor, 11.00% Cap), 1.70%, 04/20/70† 140,776   143,534
(Floating, ICE LIBOR USD 1M + 1.15%, 1.15% Floor), 1.60%, 05/20/70† 383,838   394,829
Government National Mortgage Association, Series 2020-H13      
(Floating, ICE LIBOR USD 1M + 0.45%, 0.45% Floor, 7.50% Cap), 0.90%, 07/20/70† 150,958   150,343
Government National Mortgage Association, Series 2021-29      
2.50%, 02/20/51 IO 485,582   91,783
Government National Mortgage Association, Series 2022-3      
0.64%, 02/16/61†  IO γ 99,699   6,527
GPMT, Ltd., Series 2021-FL3, Class A      
(Floating, ICE LIBOR USD 1M + 1.25%, 1.25% Floor), 1.72%, 07/16/35 144A † 1,805,968   1,797,979
81
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
GreenPoint Mortgage Funding Trust, Series 2006-OH1, Class A1      
(Floating, ICE LIBOR USD 1M + 0.18%, 0.18% Floor), 0.64%, 01/25/37† $319,735   $305,904
GS Mortgage Securities Corporation II, Series 2018-SRP5, Class A      
(Floating, ICE LIBOR USD 1M + 1.55%, 1.30% Floor), 1.95%, 09/15/31 144A † 1,437,062   1,301,132
GS Mortgage Securities Corporation Trust, Series 2021-DM, Class A      
(Floating, ICE LIBOR USD 1M + 0.89%, 0.89% Floor), 1.28%, 11/15/36 144A † 1,570,000   1,539,051
GS Mortgage Securities Corporation Trust, Series 2021-DM, Class AS      
(Floating, ICE LIBOR USD 1M + 1.39%, 1.39% Floor), 1.78%, 11/15/36 144A † 1,370,000   1,345,540
GS Mortgage Securities Corporation Trust, Series 2021-RENT, Class B      
(Floating, ICE LIBOR USD 1M + 1.10%, 1.10% Floor), 1.55%, 11/21/35 144A † 663,129   656,501
GS Mortgage Securities Trust, Series 2013-GC16, Class B      
5.16%, 11/10/46 130,000   130,883
GS Mortgage Securities Trust, Series 2015-GC30, Class AS      
3.78%, 05/10/50 370,000   368,605
GS Mortgage-Backed Securities Trust, Series 2022-GR2, Class A2      
3.00%, 08/26/52 144A † γ 2,600,000   2,476,906
GS Mortgage-Backed Securities Trust, Series 2022-PJ3, Class A4      
2.50%, 08/26/52 144A † γ 2,200,000   2,033,024
GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1      
2.91%, 09/25/35† γ 190,948   193,134
Hawksmoor Mortgages, Series 2019-1A, Class A      
(Floating, SONIA Interest Rate + 1.05%), 1.24%, 05/25/53(U)  144A † 4,979,798   6,553,507
Impac CMB Trust, Series 2004-8, Class 1A      
(Floating, ICE LIBOR USD 1M + 0.72%, 0.72% Floor, 11.00% Cap), 1.18%, 10/25/34† 12,686   12,376
IndyMac ARM Trust, Series 2001-H2, Class A1      
1.69%, 01/25/32† γ 3,217   3,118
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2012-C6, Class D      
5.27%, 05/15/45† γ 280,000   268,743
JP Morgan Mortgage Trust, Series 2005-A1, Class 6T1      
2.29%, 02/25/35† γ 13,149   13,100
JP Morgan Mortgage Trust, Series 2018-4, Class A1      
3.50%, 10/25/48 144A † γ 140,185   139,596
    Par   Value
JP Morgan Mortgage Trust, Series 2021-14, Class A11      
(Floating, U.S. 30-Day Average SOFR + 0.95%, 5.00% Cap), 1.05%, 05/25/52 144A † $2,207,965   $2,186,894
JP Morgan Mortgage Trust, Series 2021-6, Class A3      
2.50%, 10/25/51 144A † γ 2,803,663   2,608,337
JP Morgan Mortgage Trust, Series 2021-LTV2, Class A1      
2.52%, 05/25/52 144A 1,098,910   1,016,609
JP Morgan Mortgage Trust, Series 2022-INV1, Class A3      
3.00%, 03/25/52 144A † γ 2,162,924   2,065,471
JPMBB Commercial Mortgage Securities Trust, Series 2013-C17, Class B      
4.89%, 01/15/47† γ 50,000   50,683
JPMBB Commercial Mortgage Securities Trust, Series 2014-C25, Class ASB      
3.41%, 11/15/47 442,413   445,374
JPMBB Commercial Mortgage Securities Trust, Series 2015-C32, Class ASB      
3.36%, 11/15/48 513,629   516,896
JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class B      
4.01%, 03/15/50 630,000   610,648
JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class D      
3.00%, 10/15/50 144A 300,000   246,974
KREST Commercial Mortgage Securities Trust, Series 2021-CHIP, Class A      
2.56%, 11/05/44 144A 2,300,000   2,100,444
London Wall Mortgage Capital PLC, Series 2017-FL1, Class A      
(Floating, 0.97% - SONIA Interest Rate), 0.95%, 11/15/49(U) † 153,304   201,673
Ludgate Funding PLC, Series 2007-1, Class A2A      
(Floating, ICE LIBOR GBP 3M + 0.16%), 0.64%, 01/01/61(U) † 583,764   728,781
Ludgate Funding PLC, Series 2008-W1X, Class A1      
(Floating, ICE LIBOR GBP 3M + 0.60%), 1.08%, 01/01/61(U) † 464,541   596,664
LUXE Trust, Series 2021-TRIP, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%, 1.05% Floor), 1.45%, 10/15/38 144A † 2,300,000   2,264,398
Manhattan West Mortgage Trust, Series 2020-OMW, Class A      
2.13%, 09/10/39 144A 1,700,000   1,573,646
Mansard Mortgages PLC, Series 2007-1X, Class A2      
(Floating, SONIA Interest Rate + 0.30%), 0.39%, 04/15/47(U) † 542,834   687,279
 
82
    Par   Value
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A7      
2.76%, 11/21/34† γ $102,537   $102,361
MASTR Adjustable Rate Mortgages Trust, Series 2004-4, Class 4A1      
2.27%, 05/25/34† γ 47,414   47,186
MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, Class A      
(Floating, CME Term SOFR 1M + 0.96%, 0.85% Floor), 1.29%, 07/15/36 144A † 1,712,456   1,679,486
Mill City Mortgage Loan Trust, Series 2017-2, Class A3      
3.05%, 07/25/59 144A † γ 166,850   165,899
Mill City Mortgage Loan Trust, Series 2019-GS2, Class M1      
3.00%, 08/25/59 144A 870,000   847,546
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C9, Class AS      
3.46%, 05/15/46 140,000   140,227
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C19, Class B      
4.00%, 12/15/47 370,000   369,901
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS      
3.56%, 04/15/48 480,000   471,726
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C24, Class A4      
3.73%, 05/15/48 850,000   857,038
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C25, Class A4      
3.37%, 10/15/48 1,400,000   1,387,147
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB      
3.56%, 12/15/47 571,855   577,141
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C34, Class D      
2.70%, 11/15/52 144A 500,000   400,899
Morgan Stanley Capital I Trust, Series 2019-BPR, Class A      
(Floating, ICE LIBOR USD 1M + 1.40%, 1.40% Floor), 1.80%, 05/15/36 144A † 1,050,000   1,037,236
Morgan Stanley Capital I Trust, Series 2020-CNP, Class A      
2.43%, 04/05/42 144A † γ 1,600,000   1,482,810
Morgan Stanley Capital I, Series 2017-HR2, Class A4      
3.59%, 12/15/50 550,000   551,684
MortgageIT Trust, Series 2005-4, Class A1      
(Floating, ICE LIBOR USD 1M + 0.56%, 0.56% Floor, 11.50% Cap), 1.02%, 10/25/35† 94,154   91,714
    Par   Value
MSCG Trust, Series 2015-ALDR, Class A2      
3.46%, 06/07/35 144A † γ $580,000   $559,439
NADG NNN Operating LP, Series 2019-1, Class A      
3.37%, 12/28/49 144A 879,988   859,458
NYO Commercial Mortgage Trust, Series 2021-1290, Class A      
(Floating, ICE LIBOR USD 1M + 1.10%, 1.10% Floor), 1.49%, 11/15/38 144A † 2,300,000   2,262,368
OBX Trust, Series 2018-1, Class A2      
(Floating, ICE LIBOR USD 1M + 0.65%), 1.11%, 06/25/57 144A † 1,062,312   1,050,688
PFP, Ltd., Series 2021-8, Class A      
(Floating, ICE LIBOR USD 1M + 1.00%, 1.00% Floor), 1.43%, 08/09/37 144A † 2,300,000   2,262,879
Ready Capital Mortgage Financing LLC, Series 2021-FL6, Class A      
(Floating, ICE LIBOR USD 1M + 0.95%, 0.95% Floor), 1.41%, 07/25/36 144A † 2,300,000   2,254,395
Ready Capital Mortgage Financing LLC, Series 2021-FL7, Class A      
(Floating, ICE LIBOR USD 1M + 1.20%, 1.20% Floor), 1.66%, 11/25/36 144A † 3,599,499   3,570,631
Resloc UK PLC, Series 2007-1X, Class A3A      
(Floating, 0.16% - Euribor 3M), 0.00%, 12/15/43(E) † 765,368   811,830
Resloc UK PLC, Series 2007-1X, Class A3B      
(Floating, ICE LIBOR GBP 3M + 0.16%), 1.20%, 12/15/43(U) † 191,342   243,345
Ripon Mortgages PLC, Series 1RA, Class A      
(Floating, SONIA Interest Rate + 0.70%), 1.39%, 08/28/56(U)  144A † 4,500,000   5,888,205
Ripon Mortgages PLC, Series 1RA, Class C      
(Floating, SONIA Interest Rate + 1.15%), 1.84%, 08/28/56(U)  144A † 3,100,000   3,998,338
Sequoia Mortgage Trust, Series 6, Class A      
(Floating, ICE LIBOR USD 1M + 0.64%, 0.64% Floor, 11.00% Cap), 1.09%, 04/19/27† 88,072   86,219
SFO Commercial Mortgage Trust, Series 2021-555, Class D      
(Floating, ICE LIBOR USD 1M + 2.40%, 2.40% Floor), 2.80%, 05/15/38 144A † 970,000   944,722
Shops at Crystals Trust, Series 2016-CSTL, Class A      
3.13%, 07/05/36 144A 340,000   329,958
83
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
SLG Office Trust, Series 2021-OVA, Class A      
2.59%, 07/15/41 144A $430,000   $400,669
SMRT, Series 2022-MINI, Class D      
(Floating, CME Term SOFR 1M + 1.95%, 1.95% Floor), 2.25%, 01/15/24 144A † 1,290,000   1,269,942
SREIT Trust, Series 2021-IND, Class A      
(Floating, ICE LIBOR USD 1M + 0.70%, 0.70% Floor), 1.10%, 10/15/38 144A † 2,300,000   2,246,631
SREIT Trust, Series 2021-MFP2, Class A      
(Floating, ICE LIBOR USD 1M + 0.82%, 0.82% Floor), 1.22%, 11/15/36 144A † 450,000   442,120
Stratton Mortgage Funding PLC, Series 2019-1, Class A      
(Floating, SONIA Interest Rate + 1.20%), 1.39%, 05/25/51(U) † 1,203,980   1,584,898
Structured Adjustable Rate Mortgage Loan Trust, Series 2005-19XS, Class 2A1      
(Floating, ICE LIBOR USD 1M + 0.30%, 0.30% Floor), 0.76%, 10/25/35† 99,611   99,981
Structured Asset Mortgage Investments II Trust, Series 2005-AR5, Class A1      
(Floating, ICE LIBOR USD 1M + 0.50%, 0.50% Floor, 11.00% Cap), 0.95%, 07/19/35† 33,405   32,158
STWD Mortgage Trust, Series 2021-HTS, Class A      
(Floating, ICE LIBOR USD 1M + 1.05%, 1.05% Floor), 1.45%, 04/15/34 144A † 1,959,000   1,930,881
Thornburg Mortgage Securities Trust, Series 2003-4, Class A1      
(Floating, ICE LIBOR USD 1M + 0.64%, 0.64% Floor, 11.50% Cap), 1.10%, 09/25/43† 3,427   3,451
Thornburg Mortgage Securities Trust, Series 2005-1, Class A3      
2.16%, 04/25/45† γ 18,966   19,157
Towd Point Mortgage Funding PLC, Series 2019-A13X, Class A1      
(Floating, SONIA Interest Rate + 0.90%), 0.99%, 07/20/45(U) † 1,557,620   2,047,346
Towd Point Mortgage Funding PLC, Series 2019-GR4A, Class A1      
(Floating, SONIA Interest Rate + 1.14%), 1.24%, 10/20/51(U)  144A † 1,051,331   1,384,641
Towd Point Mortgage Funding PLC, Series 2020-A14X, Class A      
(Floating, 0.90% - SONIA Interest Rate), 0.17%, 05/20/45(U) † 3,313,676   4,353,986
Towd Point Mortgage Funding, Series 2019-A13A, Class A1      
(Floating, SONIA Interest Rate + 0.90%), 0.99%, 07/20/45(U)  144A † 1,557,620   2,047,346
    Par   Value
UBS-Barclays Commercial Mortgage Trust, Series 2012-C4, Class D      
4.46%, 12/10/45 144A † γ $320,000   $295,377
Uniform Mortgage Backed Securities      
2.50%, 04/01/51 TBA 13,200,000   12,594,656
3.00%, 04/01/52 TBA 17,700,000   17,315,578
3.50%, 04/01/52 TBA 13,000,000   13,026,406
4.00%, 04/01/52 TBA 200,000   204,187
2.00%, 05/01/52 TBA 4,700,000   4,355,608
2.50%, 05/01/52 TBA 700,000   666,514
3.00%, 05/01/52 TBA 47,400,000   46,269,501
3.50%, 05/01/52 TBA 2,100,000   2,097,351
2.50%, 06/01/52 TBA 1,200,000   1,140,440
3.00%, 06/01/52 TBA 94,400,000   92,015,313
3.50%, 06/01/52 TBA 7,700,000   7,671,638
4.00%, 06/01/52 TBA 1,200,000   1,216,834
UWM Mortgage Trust, Series 2021-INV2, Class A9      
(Floating, U.S. 30-Day Average SOFR + 1.00%, 5.00% Cap), 1.10%, 09/25/51 144A † 2,180,490   2,158,458
UWM Mortgage Trust, Series 2021-INV3, Class A3      
2.50%, 11/25/51 144A † γ 3,119,629   2,892,665
UWM Mortgage Trust, Series 2021-INV3, Class A9      
(Floating, U.S. 30-Day Average SOFR + 0.95%, 5.00% Cap), 1.05%, 11/25/51 144A † 2,242,233   2,199,395
UWM Mortgage Trust, Series 2021-INV4, Class A3      
2.50%, 12/25/51 144A † γ 2,153,793   1,999,779
VASA Trust, Series 2021-VASA, Class A      
(Floating, ICE LIBOR USD 1M + 0.90%, 0.90% Floor), 1.30%, 07/15/39 144A † 390,000   382,219
Verus Securitization Trust, Series 2021-8, Class A1      
1.82%, 11/25/66 144A † γ 139,598   134,095
VLS Commercial Mortgage Trust, Series 2020-LAB, Class A      
2.13%, 10/10/42 144A 1,000,000   890,374
VLS Commercial Mortgage Trust, Series 2020-LAB, Class B      
2.45%, 10/10/42 144A 1,610,000   1,423,798
VNDO Mortgage Trust, Series 2012-6AVE, Class A      
3.00%, 11/15/30 144A 100,000   100,407
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2002-AR19, Class A7      
2.61%, 02/25/33† γ 2,009   2,083
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2002-AR6, Class A      
(Floating, Federal Reserve U.S. 12 1Y CMT + 1.40%, 1.40% Floor), 1.62%, 06/25/42† 3,253   3,181
 
84
    Par   Value
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2005-AR1, Class A1B      
(Floating, ICE LIBOR USD 1M + 0.78%, 0.78% Floor, 10.50% Cap), 1.24%, 01/25/45† $575,665   $561,746
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2005-AR13, Class A1A1      
(Floating, ICE LIBOR USD 1M + 0.58%, 0.58% Floor, 10.50% Cap), 1.04%, 10/25/45† 384,740   380,808
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-HY1, Class 1A1      
2.80%, 02/25/37† γ 118,644   111,511
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-HY1, Class 2A3      
3.02%, 02/25/37† γ 80,429   79,685
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2007-OA3, Class 2A1A      
(Floating, Federal Reserve U.S. 12 1Y CMT + 0.76%, 0.76% Floor), 0.90%, 04/25/47† 295,762   281,385
Washington Mutual Mortgage Pass-Through Certificates, Series 2005-AR8, Class 1A1A      
(Floating, ICE LIBOR USD 1M + 0.54%, 0.54% Floor, 10.50% Cap), 1.00%, 07/25/45† 278,470   273,196
Washington Mutual Mortgage Pass-Through Certificates, Series 2005-AR8, Class 2A1A      
(Floating, ICE LIBOR USD 1M + 0.58%, 0.58% Floor, 10.50% Cap), 1.04%, 07/25/45† 68,970   67,345
Waterfall Commercial Mortgage Trust, Series 2015-SBC5, Class A      
4.10%, 09/14/22 144A 59,027   58,490
Wells Fargo Alternative Loan Trust, Series 2007-PA6, Class A1      
2.77%, 12/28/37† γ 184,489   180,382
Wells Fargo Commercial Mortgage Trust, Series 2013-LC12, Class B      
4.31%, 07/15/46† γ 20,000   19,234
Wells Fargo Commercial Mortgage Trust, Series 2016-LC25, Class D      
3.04%, 12/15/59 144A † γ 532,000   450,605
Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class D      
2.80%, 12/15/50 144A 650,000   530,570
Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class D      
3.25%, 01/15/60 144A 150,000   126,855
Wells Fargo Commercial Mortgage Trust, Series 2019-C51, Class ASB      
3.16%, 06/15/52 300,000   299,791
Wells Fargo Commercial Mortgage Trust, Series 2021-C59, Class A5      
2.63%, 04/15/54 950,000   896,059
    Par   Value
Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1      
3.50%, 07/25/49 144A † γ $41,792   $41,183
WFRBS Commercial Mortgage Trust, Series 2012-C7, Class XA      
1.20%, 06/15/45 144A †  IO γ 97,252   1
WFRBS Commercial Mortgage Trust, Series 2013-C13, Class XA      
1.17%, 05/15/45 144A †  IO γ 2,088,282   17,773
WFRBS Commercial Mortgage Trust, Series 2014-C19, Class XA      
1.00%, 03/15/47†  IO γ 808,066   10,783
WFRBS Commercial Mortgage Trust, Series 2014-C21, Class XA      
1.02%, 08/15/47†  IO γ 2,529,202   47,445
WFRBS Commercial Mortgage Trust, Series 2014-C24, Class AS      
3.93%, 11/15/47 290,000   289,507
WFRBS Commercial Mortgage Trust, Series 2014-C24, Class C      
4.29%, 11/15/47 300,000   266,276
Worldwide Plaza Trust, Series 2017-WWP, Class A      
3.53%, 11/10/36 144A 1,900,000   1,867,311
Total Mortgage-Backed Securities
(Cost $698,602,468) 		    684,928,837
MUNICIPAL BONDS — 0.4%
American Municipal Power, Inc., Hydroelectric Projects, Revenue Bond, Series B      
8.08%, 02/15/50 600,000   995,337
American Municipal Power, Inc., Revenue Bond, Series E      
6.27%, 02/15/50 235,000   296,532
Bay Area Toll Authority, Revenue Bond, Series F-1      
1.63%, 04/01/28 300,000   274,834
California Statewide Communities Development Authority, Revenue Bond      
1.81%, 02/01/30 25,000   22,638
1.88%, 02/01/31 150,000   134,308
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue, Revenue Bond, Series A      
6.90%, 12/01/40 700,000   900,620
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue, Revenue Bond, Series B      
6.90%, 12/01/40 300,000   385,980
City of Houston Texas Airport System Revenue, Revenue Bond, Subseries C      
2.24%, 07/01/29 110,000   102,381
City of New Orleans Louisiana Sewerage Service Revenue, Revenue Bond (AGM Insured)      
0.96%, 06/01/26 25,000   22,918
1.41%, 06/01/28 65,000   58,365
85
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
City of New Orleans Louisiana Water System Revenue, Revenue Bond (AGM Insured)      
1.01%, 12/01/26 $30,000   $27,486
1.46%, 12/01/28 65,000   58,742
City of Tucson Arizona COPS, Series A (AGM Insured)      
1.93%, 07/01/31 205,000   187,387
Commonwealth Financing Authority, Revenue Bond, Series C      
2.76%, 06/01/30 50,000   48,152
Louisiana State Transportation Authority, Revenue Bond, Series A      
2.00%, 02/15/30 50,000   45,950
Metropolitan Transportation Authority, Revenue Bond, Series A-2      
5.99%, 11/15/30 115,000   133,607
Metropolitan Transportation Authority, Revenue Bond, Series C-2      
5.18%, 11/15/49 825,000   948,282
Municipal Improvement Corporation of Los Angeles, Revenue Bond, Series A      
1.65%, 11/01/28 225,000   204,577
2.07%, 11/01/30 670,000   601,118
Municipal Improvement Corporation of Los Angeles, Revenue Bond, Series C      
1.83%, 11/01/29 70,000   63,206
Port Authority of New York & New Jersey, Revenue Bond, Series 192      
4.81%, 10/15/65 300,000   351,653
Port of Oakland, Senior Lien Revenue Bond, Series R      
1.95%, 05/01/28 90,000   83,537
2.10%, 05/01/30 25,000   22,586
2.20%, 05/01/31 135,000   120,273
San Francisco Municipal Transportation Agency, Revenue Bond, Series A      
1.30%, 03/01/28 155,000   140,041
San Jose Financing Authority, Revenue Bond      
1.81%, 06/01/29 100,000   92,577
1.86%, 06/01/30 55,000   50,433
State Board of Administration Finance Corporation, Revenue Bond, Series A      
2.15%, 07/01/30 235,000   214,672
State of California, General Obligation      
7.55%, 04/01/39 410,000   608,635
State of Illinois, General Obligation      
5.10%, 06/01/33 405,000   430,948
6.63%, 02/01/35 495,000   555,800
    Par   Value
7.35%, 07/01/35 $465,000   $541,061
State of Louisiana, Revenue Bond, I-49 North Project      
1.06%, 09/01/26 15,000   13,535
State of Louisiana, Revenue Bond, I-49 South Project      
1.54%, 09/01/28 70,000   61,712
University of North Carolina at Charlotte (The), Revenue Bond      
1.71%, 04/01/28 5,000   4,677
Total Municipal Bonds
(Cost $8,573,594) 		    8,804,560
    
  Number of
Contracts 		  Notional
Amount 		 
PURCHASED OPTIONS — 0.0%
Call Options — 0.0%
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$122.50, Expires
04/22/22 (GSC) 		34   $4,177,750 36,125
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$123.20, Expires
04/22/22 (GSC) 		96   11,796,000 64,501
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$124.50, Expires
04/22/22 (GSC) 		42   5,160,750 11,156
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$125.00, Expires
04/22/22 (GSC) 		68   8,355,500 12,750
5-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$114.50, Expires
04/22/22 (GSC) 		159   18,235,313 109,313
5-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$115.00, Expires
04/22/22 (GSC) 		197   22,593,437 84,648
 
86
  Number of
Contracts 		  Notional
Amount 		  Value
Long U.S. Treasury Bond Future expiration date 5/2022, Strike Price
$150.50, Expires
04/22/22 (GSC) 		17   $2,551,063   $26,828
          345,321
Put Option — 0.0%
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price $122.00, Expires 04/22/22 (GSC) 40   4,915,000   20,625
Total Purchased Options
(Premiums paid $449,443) 		      365,946
    
    Par  
U.S. TREASURY OBLIGATIONS — 19.7%
U.S. Treasury Bills      
0.18%, 04/12/22Ω ‡‡ $4,800,000 4,799,802
0.21%, 04/26/22Ω ‡‡ 5,400,000 5,399,527
0.43%, 05/19/22Ω 6,400,000 6,397,916
0.37%, 06/09/22Ω ‡‡ 4,000,000 3,997,163
0.46%, 06/23/22Ω ‡‡ 100,000 99,894
      20,694,302
U.S. Treasury Bonds      
4.38%, 02/15/38 10,000 12,659
4.25%, 05/15/39 4,300,000 5,389,109
4.38%, 11/15/39 200,000 254,465
1.13%, 08/15/40 6,750,000 5,296,904
1.38%, 11/15/40 42,260,000 34,580,566
1.88%, 02/15/41 14,190,000 12,646,006
2.25%, 05/15/41Δ 4,150,000 3,921,102
1.75%, 08/15/41 4,350,000 3,772,945
2.00%, 11/15/41 4,870,000 4,408,111
3.13%, 11/15/41‡‡ 3,580,000 3,863,254
2.75%, 08/15/42 10,430,000 10,615,784
2.75%, 11/15/42 7,050,000 7,166,903
2.88%, 05/15/43Δ 3,200,000 3,315,937
3.63%, 02/15/44‡‡ 6,460,000 7,519,970
3.38%, 05/15/44‡‡ 3,200,000 3,596,812
3.13%, 08/15/44 4,800,000 5,194,687
3.00%, 11/15/44 3,100,000 3,288,785
2.50%, 02/15/45Δ 950,000 926,176
2.88%, 08/15/45 4,340,000 4,528,349
2.75%, 08/15/47 7,940,000 8,236,199
3.00%, 02/15/48‡‡ 6,170,000 6,728,313
2.88%, 05/15/49Δ 6,200,000 6,674,082
2.38%, 11/15/49‡‡ 4,080,000 3,996,169
2.00%, 02/15/50 24,070,000 21,710,952
1.25%, 05/15/50 28,750,000 21,479,395
1.38%, 08/15/50 31,060,000 23,940,466
1.63%, 11/15/50 16,570,000 13,599,051
    Par   Value
1.88%, 02/15/51 $17,070,000   $14,936,917
2.38%, 05/15/51 3,340,000   3,276,918
2.00%, 08/15/51‡‡ 3,030,000   2,734,575
1.88%, 11/15/51Δ 2,381,000   2,089,328
2.25%, 02/15/52 6,002,000   5,758,169
        255,459,058
U.S. Treasury Notes        
1.88%, 09/30/22‡‡ 3,000,000   3,012,145
2.00%, 10/31/22‡‡ 2,700,000   2,712,207
0.13%, 03/31/23Δ 1,000,000   984,463
0.25%, 09/30/23Δ 160,000   155,591
0.25%, 11/15/23 60,000   58,152
0.25%, 08/31/25 170,000   157,320
0.25%, 09/30/25 2,800,000   2,586,992
0.25%, 10/31/25Δ 500,000   461,084
2.25%, 11/15/25 1,480,000   1,465,258
0.38%, 11/30/25 20,000   18,494
0.38%, 01/31/26 580,000   534,495
2.63%, 01/31/26 3,120,000   3,132,370
0.75%, 03/31/26 2,850,000   2,658,237
2.25%, 03/31/26 1,500,000   1,484,502
2.13%, 05/31/26 6,320,000   6,222,361
0.88%, 09/30/26 1,050,000   977,546
1.25%, 11/30/26 12,000,000   11,355,234
0.63%, 12/31/27 1,000,000   901,797
0.75%, 01/31/28 33,530,000   30,421,926
2.75%, 02/15/28‡‡ 1,400,000   1,421,984
1.25%, 03/31/28‡‡ 25,060,000   23,379,707
1.25%, 04/30/28 36,190,000   33,720,315
1.25%, 05/31/28 6,590,000   6,136,423
1.25%, 09/30/28 5,330,000   4,947,115
1.38%, 10/31/28 750,000   701,279
1.63%, 05/15/31 6,170,000   5,810,646
1.25%, 08/15/31 1,770,000   1,609,455
        147,027,098
U.S. Treasury Strips        
2.22%, 02/15/40Ω ‡‡ 2,790,000   1,751,148
2.18%, 08/15/41Ω Δ 1,080,000   635,041
        2,386,189
Total U.S. Treasury Obligations
(Cost $468,484,214) 		    425,566,647
    
    Shares  
MONEY MARKET FUNDS — 5.7%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø ∞ 		99,281,415 99,281,415
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%Ø § 19,128,890 19,128,890
87
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 3,877,873   $3,877,873
Total Money Market Funds
(Cost $122,288,178) 		    122,288,178
    
    Par  
REPURCHASE AGREEMENTS — 1.5%
Citigroup Global Markets, Inc.    
0.28% (dated 04/01/22, due 04/04/22, repurchase price $16,525,667, collateralized by U.S. Treasury Note, 2.50%, due 08/15/23, total market value $16,841,697) $16,500,000 16,500,000
JP Morgan Securities LLC    
0.28% (dated 03/31/22, due 04/01/22, repurchase price $15,924,733, collateralized by U.S. Treasury Bond, 2.00%, due 08/15/51, total market value $16,355,190) 15,900,000 15,900,000
Total Repurchase Agreements
(Cost $32,400,000) 		  32,400,000
TOTAL INVESTMENTS  —112.4%
(Cost $2,536,190,585) 		  2,423,510,849
    
  Number of
Contracts 		  Notional
Amount 		 
WRITTEN OPTIONS — (0.1)%
Call Options — (0.0)%
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$123.00, Expires
04/22/22 (GSC) 		(72)   $(8,847,000) (57,375)
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$124.00, Expires
04/22/22 (GSC) 		(97)   (11,918,875) (37,891)
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$127.00, Expires
04/22/22 (GSC) 		(81)   (9,952,875) (5,063)
10-Year U.S. Treasury Note Future expiration date 6/2022, Strike Price
$124.00, Expires
05/20/22 (GSC) 		(95)   (11,673,125) (74,219)
10-Year U.S. Treasury Note Future expiration date 6/2022, Strike Price
$130.00, Expires
05/20/22 (GSC) 		(50)   (6,143,750) (3,907)
  Number of
Contracts 		  Notional
Amount 		  Value
5-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$115.70, Expires
04/22/22 (GSC) 		(157)   $(18,005,938)   $(29,437)
5-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$116.50, Expires
04/22/22 (GSC) 		(189)   (21,675,937)   (16,242)
5-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$118.20, Expires
04/22/22 (GSC) 		(69)   (7,913,438)   (1,617)
5-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$118.50, Expires
04/22/22 (GSC) 		(36)   (4,128,750)   (844)
FNCL 3% expiration date 6/2022, Strike Price
$98.41, Expires
06/06/22 (JPM) 		1   (20,000)   (12,542)
          (239,137)
Call Swaptions — (0.0)%
Pay 0.87% (Semiannually); Receive 3-Month LIBOR (Quarterly); Interest Rate Swap Maturing 11/04/2023 USD, Strike Price
$0.87, Expires
11/02/22 (GSC) 		4   (75,300,000)   (10,828)
Pay 1.29% (Semiannually); Receive 3-Month LIBOR (Quarterly); Interest Rate Swap Maturing 12/14/2023 USD, Strike Price
$1.29, Expires
12/12/22 (CITI) 		2   (27,200,000)   (9,808)
Pay 1.45% (Annually); Receive 1-Day SOFR (Annually); Interest Rate Swap Maturing 6/15/2027 USD, Strike Price
$1.45, Expires
06/13/22 (MSCS) 		1   (14,700,000)   (12,702)
 
88
  Number of
Contracts 		  Notional
Amount 		  Value
Pay 1.50% (Annually); Receive 1-Day SOFR (Annually); Interest Rate Swap Maturing 6/15/2024 USD, Strike Price
$1.50, Expires
06/13/22 (GSC) 		1   $(14,700,000)   $(4,231)
          (37,569)
Put Options — (0.0)%
10-Year U.S. Treasury Note Future expiration date 5/2022, Strike Price
$120.70, Expires
04/22/22 (GSC) 		(80)   (9,830,000)   (17,500)
Euro Bobl 5/2022, Strike Price
$131.50, Expires
04/22/22 (JPM) 		(38)   (6,029,080)   (114,132)
FNCL 3% expiration date 6/2022, Strike Price
$96.41, Expires
06/06/22 (JPM) 		1   (20,000)   (11,822)
          (143,454)
Put Swaptions — (0.1)%
Pay 1-Day SOFR (Annually); Receive 2.15% (Annually); Interest Rate Swap Maturing 6/15/2027 USD, Strike Price
$2.15, Expires
06/13/22 (MSCS) 		1   (14,700,000)   (212,433)
Pay 1-Day SOFR (Annually); Receive 2.20% (Annually); Interest Rate Swap Maturing 6/15/2024 USD, Strike Price
$2.20, Expires
06/13/22 (GSC) 		1   (14,700,000)   (113,191)
Pay 3-Month LIBOR (Quarterly); Receive 1.27% (Semiannually); Interest Rate Swap Maturing 11/04/2023 USD, Strike Price
$1.27, Expires
11/02/22 (GSC) 		4   (75,300,000)   (1,241,268)
  Number of
Contracts 		  Notional
Amount 		  Value
Pay 3-Month LIBOR (Quarterly); Receive 1.29% (Semiannually); Interest Rate Swap Maturing 12/14/2023 USD, Strike Price
$1.29, Expires
12/12/22 (CITI) 		2   $(27,200,000)   $(465,357)
Pay 3-Month LIBOR (Quarterly); Receive 1.30% (Semiannually); Interest Rate Swap Maturing 5/04/2024 USD, Strike Price
$1.30, Expires
04/29/22 (CITI) 		1   (7,650,000)   (197,193)
          (2,229,442)
Total Written Options
(Premiums received $ (1,172,191)) 		      (2,649,602)
    
    Par  
TBA SALE COMMITMENTS — (0.4)%
Uniform Mortgage Backed Securities
3.00%, 04/01/52 TBA 		$(2,600,000) (2,543,531)
Uniform Mortgage Backed Securities
4.00%, 04/01/52 TBA 		(3,000,000) (3,062,813)
Government National Mortgage Association
3.00%, 04/01/52 TBA 		(1,000,000) (987,227)
Uniform Mortgage Backed Securities
2.50%, 04/01/51 TBA 		(2,200,000) (2,099,109)
Total TBA Sale Commitments
(Proceeds $(8,807,570)) 		  (8,692,680)
Liabilities in Excess of Other
Assets — (11.9)% 		  (256,119,459)
NET ASSETS — 100.0%   $2,156,049,108
89
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
30-Day Federal Funds   04/2022   (147)   $(61,045,102)   $(12,220)
30-Year Euro Buxl   06/2022   (19)   (3,913,691)   246,226
Euro-Bobl   06/2022   15   2,138,271   (52,008)
Euro-Bund   06/2022   (367)   (64,414,969)   824,111
Euro-OAT   06/2022   42   7,039,533   (340,043)
10-Year Japanese Treasury Bond   06/2022   (9)   (11,067,028)   79,947
3-Month Euribor   06/2022   (129)   (35,796,079)   54,154
10-Year Commonwealth Treasury Bond   06/2022   72   6,828,610   (266,521)
10-Year U.S. Treasury Note   06/2022   348   42,760,500   (1,763,569)
U.S. Treasury Long Bond   06/2022   (582)   (87,336,375)   2,699,189
Ultra 10-Year U.S. Treasury Note   06/2022   (154)   (20,862,188)   659,180
Ultra Long U.S. Treasury Bond   06/2022   261   46,229,625   (1,518,670)
Long GILT   06/2022   (61)   (9,714,482)   145,377
2-Year U.S. Treasury Note   06/2022   283   59,973,891   (724,979)
5-Year U.S. Treasury Note   06/2022   1,559   178,797,812   (4,840,215)
3-Month CME SOFR   09/2022   142   35,026,075   (9,900)
90-Day Eurodollar   12/2022   1,054   256,490,900   (2,793,833)
90-Day Eurodollar   06/2023   156   37,779,300   (924,751)
90-Day Eurodollar   09/2023   37   8,961,400   (203,725)
90-Day Eurodollar   12/2023   332   80,485,100   (1,019,700)
Total Futures Contracts outstanding at March 31, 2022           $468,361,103   $(9,761,950)
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
04/04/22   U.S. Dollars   36,004,681   British Pounds   26,831,000   BNP   $759,033
04/19/22   Brazilian Reals   15,244,857   U.S. Dollars   2,621,094   CITI   564,151
04/19/22   U.S. Dollars   3,386,389   Russian Rubles   261,527,424   CITI   272,708
04/04/22   U.S. Dollars   12,421,674   Euro   11,045,000   BAR   201,702
04/05/22   U.S. Dollars   5,215,701   British Pounds   3,829,578   MSCS   185,136
04/01/22   U.S. Dollars   2,421,054   Danish Kroner   15,525,000   GSC   112,195
05/18/22   Norwegian Kroner   86,420,000   U.S. Dollars   9,707,683   JPM   104,133
04/19/22   Canadian Dollars   8,548,090   U.S. Dollars   6,737,490   CITI   99,499
05/03/22   U.S. Dollars   14,317,107   Euro   12,846,000   MSCS   91,717
05/04/22   U.S. Dollars   34,507,990   British Pounds   26,214,000   BNP   79,032
05/05/22   U.S. Dollars   2,273,621   Euro   1,986,171   WEST   73,978
04/19/22   Australian Dollars   2,211,180   U.S. Dollars   1,585,407   CITI   69,593
04/19/22   Indonesian Rupiahs   56,877,253,622   U.S. Dollars   3,922,163   CITI   38,996
05/19/22   Chilean Pesos   1,891,114,500   U.S. Dollars   2,347,435   HSBC   35,284
04/19/22   U.S. Dollars   1,548,210   Euro   1,369,897   CITI   31,914
05/05/22   U.S. Dollars   621,251   Euro   543,664   JPM   19,155
05/18/22   Norwegian Kroner   16,180,000   U.S. Dollars   1,819,210   BAR   17,809
04/04/22   U.S. Dollars   1,227,747   British Pounds   922,000   JPM   16,592
06/15/22   Norwegian Kroner   6,750,800   U.S. Dollars   750,334   UBS   16,102
06/15/22   Canadian Dollars   534,166   U.S. Dollars   416,380   UBS   10,817
04/19/22   U.S. Dollars   255,482   British Pounds   188,429   GSC   7,982
04/19/22   U.S. Dollars   2,037,205   Brazilian Reals   9,714,857   CITI   7,392
06/15/22   Australian Dollars   398,756   U.S. Dollars   291,510   UBS   7,283
04/04/22   British Pounds   637,000   U.S. Dollars   830,394   BAR   6,379
90
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
04/19/22   U.S. Dollars   1,161,182   Brazilian Reals   5,530,000   GSC   $5,749
04/06/22   U.S. Dollars   3,826,000   Chinese Offshore Yuan   24,291,557   GSC   5,093
04/19/22   Euro   650,000   U.S. Dollars   715,501   CITI   3,965
05/18/22   U.S. Dollars   2,402,957   Japanese Yen   291,800,000   DEUT   3,335
06/15/22   U.S. Dollars   491,000   Japanese Yen   59,281,228   JPM   3,025
06/15/22   Canadian Dollars   478,328   U.S. Dollars   380,000   SS   2,542
06/15/22   U.S. Dollars   379,301   British Pounds   287,000   UBS   2,391
04/12/22   Mexican Pesos   2,192,576   U.S. Dollars   108,307   UBS   1,696
05/18/22   U.S. Dollars   2,148,777   Japanese Yen   261,100,000   UBS   1,617
04/04/22   Euro   500,000   U.S. Dollars   552,291   HSBC   899
04/04/22   Brazilian Reals   20,691   U.S. Dollars   3,965   MSCS   376
05/03/22   Brazilian Reals   20,691   U.S. Dollars   4,161   MSCS   145
Subtotal Appreciation                   $2,859,415
05/12/22   New Zealand Dollars   81,319   U.S. Dollars   56,459   BOA   $(141)
04/04/22   U.S. Dollars   4,193   Brazilian Reals   20,691   MSCS   (148)
04/19/22   U.S. Dollars   4,029,596   Chinese Offshore Yuan   25,642,691   CITI   (417)
06/15/22   U.S. Dollars   380,000   Swedish Kronor   3,578,046   UBS   (1,310)
05/18/22   U.S. Dollars   1,759,232   Japanese Yen   214,100,000   BAR   (1,422)
06/15/22   Euro   340,000   U.S. Dollars   378,864   JPM   (1,600)
04/25/22   U.S. Dollars   201,023   Swiss Francs   187,099   JPM   (1,625)
04/19/22   U.S. Dollars   119,796   Euro   110,000   CITI   (1,960)
04/04/22   British Pounds   902,000   U.S. Dollars   1,186,886   MSCS   (2,004)
04/05/22   British Pounds   521,668   U.S. Dollars   687,778   BNP   (2,510)
06/15/22   U.S. Dollars   1,127,582   British Pounds   860,533   MSCS   (2,535)
05/05/22   U.S. Dollars   550,764   Euro   499,734   BNP   (2,681)
10/07/22   U.S. Dollars   2,302,621   Israeli Shekels   7,300,000   HSBC   (2,971)
04/19/22   U.S. Dollars   69,392   Mexican Pesos   1,450,000   CITI   (3,266)
04/19/22   U.S. Dollars   461,489   Chinese Offshore Yuan   2,958,374   GSC   (3,450)
06/15/22   Norwegian Kroner   3,337,566   Euro   345,000   SS   (3,889)
07/01/22   U.S. Dollars   504,470   Danish Kroner   3,406,680   DEUT   (4,068)
04/19/22   U.S. Dollars   257,549   Australian Dollars   350,000   GSC   (4,415)
04/26/22   U.S. Dollars   406,592   Canadian Dollars   515,436   MSCS   (5,653)
07/01/22   U.S. Dollars   1,698,377   Danish Kroner   11,449,841   MSCS   (10,818)
09/07/22   U.S. Dollars   1,786,733   Israeli Shekels   5,700,570   JPM   (11,037)
06/15/22   U.S. Dollars   800,678   Euro   732,614   UBS   (12,230)
04/19/22   U.S. Dollars   140,565   Russian Rubles   12,944,993   CITI   (13,554)
04/19/22   Euro   680,000   U.S. Dollars   771,771   GSC   (19,100)
10/07/22   U.S. Dollars   2,664,135   Israeli Shekels   8,499,500   DEUT   (20,300)
06/15/22   Japanese Yen   56,738,985   U.S. Dollars   491,752   UBS   (24,704)
06/15/22   U.S. Dollars   1,567,855   New Zealand Dollars   2,303,000   UBS   (26,109)
04/04/22   U.S. Dollars   2,495,585   Euro   2,301,000   JPM   (50,197)
05/18/22   U.S. Dollars   3,340,334   Japanese Yen   412,400,000   UBS   (51,043)
04/06/22   U.S. Dollars   2,131,981   Israeli Shekels   6,999,294   GSC   (61,607)
06/15/22   U.S. Dollars   2,302,025   Chilean Pesos   1,885,404,600   BNP   (62,813)
04/05/22   British Pounds   1,637,436   U.S. Dollars   2,225,387   DEUT   (74,438)
08/08/22   U.S. Dollars   4,164,284   Peruvian Nuevo Soles   15,839,688   JPM   (88,672)
06/15/22   U.S. Dollars   2,213,474   South African Rand   34,018,000   GSC   (91,587)
04/19/22   Japanese Yen   917,179,528   U.S. Dollars   7,927,057   CITI   (390,328)
04/19/22   U.S. Dollars   2,379,656   Russian Rubles   242,492,089   GSC   (507,395)
05/18/22   Japanese Yen   1,209,569,189   U.S. Dollars   10,489,352   HSBC   (542,442)
04/19/22   Russian Rubles   572,480,972   U.S. Dollars   7,427,487   GSC   (611,670)
Subtotal Depreciation                   $(2,716,109)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $143,306
91
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
Swap Agreements outstanding at March 31, 2022:
Reference Obligation   Fixed
Deal
(Pay) Rate 		  Maturity
Date 		  Counterparty   Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Credit Default Swaps on Sovereign Issuers—Buy Protection                                
Peoples Republic of China, 7.50% due 10/28/27 (Pay Quarterly)   (1.00)%   6/20/2022   JPM   USD   630,000   $(1,390)   $(6,835)   $5,445
Peoples Republic of China, 7.50% due 10/28/27 (Pay Quarterly)   (1.00)%   6/20/2022   CITI   USD   70,000   (155)   (1,226)   1,071
    $(1,545)   $(8,061)   $6,516
    
Reference Obligation   Implied
Credit
Spread 		  Fixed
Deal
Receive Rate 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swaps on Corporate and Sovereign Issuers—Sell Protection                                
Republic of Indonesia, 5.88% due 3/13/20 (Receive Quarterly)   0.33%   1.00%   6/20/2024   USD   690,000   $10,373   $2,697   $7,676
Rolls-Royce Holdings PLC, 2.13% due 6/18/21 (Receive Quarterly)   1.61%   1.00%   6/20/2025   EUR   1,700,000   (35,457)   (263,900)   228,443
Devon Energy Corporation, 7.95% due 4/15/32 (Receive Quarterly)   0.89%   1.00%   6/20/2026   USD   2,800,000   13,336   (26,054)   39,390
General Electric Co., 2.70% due 10/9/22 (Receive Quarterly)   0.70%   1.00%   6/20/2026   USD   2,100,000   25,615   11,126   14,489
Republic of Indonesia, 4.13% due 1/15/25 (Receive Quarterly)   0.84%   1.00%   6/20/2027   USD   2,780,000   22,213   5,308   16,905
Subtotal Appreciation                       $36,080   $(270,823)   $306,903
Citigroup, Inc., 2.88% due 7/24/23 (Receive Quarterly)   0.39%   1.00%   12/20/2022   EUR   2,200,000   $10,478   $15,971   $(5,493)
The Boeing Co., 2.60% due 10/30/25 (Receive Quarterly)   0.82%   1.00%   6/20/2023   USD   2,200,000   5,444   5,839   (395)
Prudential Financial, Inc., 3.50% due 5/15/24 (Receive Quarterly)   0.28%   1.00%   6/20/2024   USD   1,075,000   17,338   19,844   (2,506)
The Boeing Co., 8.75% due 8/15/21 (Receive Quarterly)   1.03%   1.00%   6/20/2024   USD   475,000   (162)   11,966   (12,128)
General Electric Co., 2.70% due 10/9/22 (Receive Quarterly)   0.70%   1.00%   6/20/2026   USD   1,100,000   13,417   17,601   (4,184)
The Boeing Co., 2.60 due 10/30/25 (Receive Quarterly)   1.34%   1.00%   6/20/2026   USD   2,400,000   (31,350)   (17,161)   (14,189)
General Electric Co., 2.70% due 10/9/22 (Receive Quarterly)   0.79%   1.00%   12/20/2026   USD   2,600,000   24,914   29,130   (4,216)
General Motors Co., 4.88% due 10/2/23 (Pay Quarterly)   1.64%   5.00%   12/20/2026   USD   2,200,000   322,893   443,519   (120,626)
Stellantis N.V., 5.25% due 4/15/23 (Receive Quarterly)   1.36%   5.00%   12/20/2026   EUR   1,700,000   315,039   391,652   (76,613)
Verizon Communications, Inc., 4.13% due 3/16/27 (Receive Quarterly)   0.79%   1.00%   12/20/2026   USD   2,100,000   20,603   51,189   (30,586)
Republic of Peru, 8.75% 11/21/2033 (Receive Quarterly)   0.78%   1.00%   6/20/2027   USD   290,000   3,269   3,476   (207)
British Telecommunications, 5.75% due 12/7/28 (Receive Quarterly)   1.25%   1.00%   6/20/2028   EUR   2,000,000   (32,779)   (11,393)   (21,386)
92
Reference Obligation   Implied
Credit
Spread 		  Fixed
Deal
Receive Rate 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
British Telecommunications, 5.75% due 12/7/28 (Receive Quarterly)   1.35%   1.00%   12/20/2028   EUR   2,000,000   $(49,019)   $(23,988)   $(25,031)
Subtotal Depreciation                       $620,085   $937,645   $(317,560)
Net Centrally Cleared Credit Default Swaps on Corporate and Sovereign Issuers—Sell Protection outstanding at
March 31, 2022 		  $656,165   $666,822   $(10,657)
    
Reference Obligation   Fixed
Deal
(Pay) Rate 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swaps on Credit Indexes—Buy Protection                            
CDX.NA.HY.37 (Pay Quarterly)   (5.00)%   12/20/2026   USD   1,020,000   $(66,387)   $(97,955)   $31,568
    $(66,387)   $(97,955)   $31,568
    
Reference Obligation   Implied
Credit
Spread 		  Fixed
Deal
Receive Rate 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swaps on Credit Indexes—Sell Protection                                
Markit CDX.NA.IG.34 Index (Receive Quarterly)   0.55%   1.00%   6/20/2025   USD   22,475,000   $320,882   $232,086   $88,796
Markit CDX.NA.IG.37 Index (Receive Quarterly)   0.61%   1.00%   12/20/2026   USD   5,350,000   94,123   84,728   9,395
iTraxx Europe & Crossover Series 37 (Receive Quarterly)   3.39%   5.00%   6/20/2027   EUR   4,000,000   328,218   296,461   31,757
Subtotal Appreciation                       $743,223   $613,275   $129,948
Markit CDX.NA.IG.36 Index (Receive Quarterly)   0.55%   1.00%   6/20/2026   USD   21,900,000   $404,317   $533,136   $(128,819)
iTraxx Europe & Crossover Series 36 (Receive Quarterly)   3.11%   5.00%   12/20/2026   EUR   7,300,000   655,330   996,294   (340,964)
Markit CDX.NA.IG.37 Index (Receive Quarterly)   0.61%   1.00%   12/20/2026   USD   69,634,000   1,225,074   1,684,398   (459,324)
Subtotal Depreciation                       $2,284,721   $3,213,828   $(929,107)
Net Centrally Cleared Credit Default Swaps on Credit Indexes—Sell Protection outstanding at March 31, 2022   $3,027,944   $3,827,103   $(799,159)
    
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swaps                        
1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   12.40% (Upon termination)   1/2/2023   BRL   3,804,163   $7,510   $(270)   $7,780
5.80% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/2/2023   BRL   10,262,470   114,245   —   114,245
3.97% (Upon termination)   US CPI Urban Consumers (Upon termination)   11/18/2023   USD   7,830,000   214,371   (43,299)   257,670
12.30% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/2/2024   BRL   1,293,456   4,010   1,647   2,363
1.29% (Annually)   1-Day SOFR (Annually)   1/12/2024   USD   26,770,000   387,522   169,715   217,807
1.73% (Annually)   1-Day SOFR (Annually)   2/9/2024   USD   7,110,000   74,451   1,980   72,471
2.50% (Annually)   1-Day SOFR (Annually)   3/14/2024   USD   4,200,000   13,232   8,287   4,945
93
MEDIUM-DURATION BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
0.25% (Annually)   1-Day SOFR (Annually)   3/16/2024   USD   4,250,000   $161,935   $115,509   $46,426
3-Month EURIBOR (Quarterly)   0.25% (Annually)   3/16/2024   EUR   8,870,000   55,138   47,711   7,427
6-Month EURIBOR (Semiannually)   (0.50)% (Annually)   3/16/2024   EUR   130,000   2,825   1,485   1,340
2.00% (Annually)   1-Day SOFR (Annually)   3/24/2024   USD   6,400,000   25,741   17,481   8,260
8.70% (Lunar)   28-Day Mexico Interbank TIIE (Lunar)   6/12/2024   MXN   92,890,000   3,453   —   3,453
1-Month LIBOR + 0.09% (Quarterly)   3-Month LIBOR (Quarterly)   7/25/2024   USD   41,780,000   12,366   —   12,366
12.06% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/2/2025   BRL   1,676,351   6,147   661   5,486
2.95% (Upon termination)   US CPI Urban Consumers (Upon termination)   10/20/2026   USD   7,090,000   348,677   (3,705)   352,382
1.52% (Annually)   1-Day SOFR (Annually)   11/20/2026   USD   8,910,000   192,608   (21,341)   213,949
11.23% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/4/2027   BRL   57,556   171   138   33
(0.25)% (Annually)   6-Month EURIBOR (Semiannually)   3/16/2027   EUR   1,920,000   126,493   17,199   109,294
0.50% (Annually)   1-Day SONIA (Annually)   3/16/2027   GBP   830,000   70,789   21,327   49,462
1.00% (Annually)   1-Day SOFR (Annually)   3/16/2027   USD   11,950,000   671,523   585,831   85,692
2.00% (Annually)   6-Month NIBOR (Semiannually)   3/16/2027   NOK   5,260,000   23,190   18,488   4,702
6-Month EURIBOR (Semiannually)   1.32% (Annually)   3/31/2027   EUR   3,960,000   5,116   (11,152)   16,268
0.71% (Annually)   1-Day SOFR (Annually)   5/15/2027   USD   22,990,000   1,520,536   24,706   1,495,830
1.35% (Semiannually)   3-Month LIBOR (Quarterly)   2/15/2028   USD   15,788,000   929,726   (18,347)   948,073
1.13% (Annually)   1-Day SOFR (Annually)   8/15/2028   USD   13,722,000   793,154   99,593   693,561
1.22% (Annually)   1-Day SOFR (Annually)   8/15/2028   USD   5,885,000   307,206   (380)   307,586
1.20% (Annually)   1-Day SOFR (Annually)   11/1/2028   USD   4,580,000   242,835   (267)   243,102
3-Month CDOR (Semiannually)   1.96% (Semiannually)   12/18/2028   CAD   6,020,000   194,220   64,695   129,525
1.73% (Annually)   1-Day SOFR (Annually)   10/20/2031   USD   7,100,000   70,081   27,966   42,115
1-Day SOFR (Annually)   2.13% (Annually)   11/15/2031   USD   7,310,000   (5,696)   (37,020)   31,324
0.05% (Annually)   Bank of Japan Unsecured Overnight Call Rate (Annually)   12/15/2031   JPY   61,000,000   9,705   9,495   210
0.20% (Annually)   Bank of Japan Unsecured Overnight Call Rate (Annually)   2/8/2032   JPY   570,000,000   24,139   —   24,139
0.23% (Annually)   Bank of Japan Unsecured Overnight Call Rate (Annually)   2/9/2032   JPY   347,000,000   8,160   —   8,160
0.25% (Annually)   Bank of Japan Unsecured Overnight Call Rate (Annually)   2/10/2032   JPY   232,000,000   175   —   175
1.00% (Annually)   3-Month STIBOR (Quarterly)   3/16/2032   SEK   47,140,000   414,037   309,705   104,332
1.50% (Annually)   1-Day SOFR (Annually)   3/16/2032   USD   8,230,000   436,520   263,665   172,855
1-Day SONIA (Annually)   0.75% (Annually)   3/16/2032   GBP   6,360,000   685,160   624,271   60,889
2.75% (Semiannually)   3-Month New Zealand BBR FRA (Quarterly)   3/16/2032   NZD   1,940,000   72,107   (15,468)   87,575
1.50% (Annually)   1-Day SOFR (Annually)   3/17/2032   USD   12,510,000   257,883   242,211   15,672
1-Day SONIA (Annually)   1.00% (Annually)   3/17/2032   GBP   1,810,000   42,713   28,575   14,138
2.00% (Annually)   1-Day SOFR (Annually)   3/18/2032   USD   3,959,000   31,404   16,937   14,467
6-Month EURIBOR (Semiannually)   1.49% (Annually)   3/29/2032   EUR   2,750,000   247   (7,999)   8,246
28-Day Mexico Interbank TIIE (Lunar)   8.40% (Lunar)   6/2/2032   MXN   12,910,000   10,085   982   9,103
3-Month JIBAR (Quarterly)   8.00% (Quarterly)   6/15/2032   ZAR   8,450,000   (2,299)   (9,460)   7,161
6-Month WIBOR (Semiannually)   3.75% (Annually)   6/15/2032   PLN   2,283,679   42,346   27,479   14,867
0.75% (Annually)   1-Day SONIA (Annually)   9/21/2032   GBP   6,200,000   677,043   598,015   79,028
1.85% (Annually)   1-Day SOFR (Annually)   2/9/2033   USD   3,860,000   103,957   9,762   94,195
0.50% (Annually)   6-Month EURIBOR (Semiannually)   3/16/2042   EUR   130,000   18,875   (4,820)   23,695
0.56% (Annually)   1-Day SOFR (Annually)   7/20/2045   USD   5,310,000   1,441,599   70,079   1,371,520
0.74% (Annually)   1-Day SOFR (Annually)   8/19/2045   USD   3,610,000   859,188   —   859,188
1.52% (Annually)   1-Day SOFR (Annually)   2/15/2047   USD   3,222,000   312,399   (44,743)   357,142
1.63% (Semiannually)   3-Month LIBOR (Quarterly)   2/15/2047   USD   4,153,000   552,632   23,910   528,722
1.73% (Annually)   1-Day SOFR (Annually)   2/15/2047   USD   4,196,000   235,200   47,848   187,352
1.63% (Annually)   1-Day SOFR (Annually)   5/15/2047   USD   6,360,000   491,177   268,325   222,852
0.54% (Semiannually)   Bank of Japan Unsecured Overnight Call Rate (Semiannually)   3/15/2051   JPY   138,000,000   67,798   (4,284)   72,082
0.56% (Semiannually)   Bank of Japan Unsecured Overnight Call Rate (Semiannually)   3/15/2051   JPY   222,000,000   99,967   (2,942)   102,909
0.35% (Semiannually)   Bank of Japan Unsecured Overnight Call Rate (Semiannually)   3/17/2051   JPY   111,000,000   100,689   58,150   42,539
0.57% (Semiannually)   Bank of Japan Unsecured Overnight Call Rate (Semiannually)   3/19/2051   JPY   106,000,000   44,508   (1,022)   45,530
0.57% (Semiannually)   Bank of Japan Unsecured Overnight Call Rate (Semiannually)   4/7/2051   JPY   48,000,000   19,108   (364)   19,472
94
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
1.67% (Semiannually)   3-Month LIBOR (Quarterly)   7/9/2051   USD   2,945,000   $377,589   $(13,125)   $390,714
1-Day SOFR (Annually)   1.75% (Annually)   3/16/2052   USD   400,000   18,865   (6,437)   25,302
0.75% (Annually)   1-Day SONIA (Annually)   9/21/2052   GBP   10,200,000   2,191,765   1,869,820   321,945
Subtotal Appreciation                   $16,218,316   $5,447,203   $10,771,113
0.00% (Semiannually)   6-Month LIBOR (Semiannually)   4/7/2022   JPY   48,000,000   $(123)   $(29)   $(94)
Bank of Japan Unsecured Overnight Call Rate (Semiannually)   0.00% (Semiannually)   4/7/2022   JPY   48,000,000   (73)   (16)   (57)
3-Month LIBOR (Quarterly)   0.19% (Semiannually)   6/15/2022   USD   21,256,000   (25,153)   (96)   (25,057)
3-Month New Zealand BBR FRA (Quarterly)   1.25% (Semiannually)   12/15/2022   NZD   9,510,000   (34,438)   (10,536)   (23,902)
1-Day SOFR (Annually)   1.32% (Annually)   12/21/2023   USD   17,300,000   (240,521)   (95,975)   (144,546)
1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   9.20% (Upon termination)   1/2/2024   BRL   6,468,748   (56,323)   (28,018)   (28,305)
3-Month ASX BBSW (Quarterly)   2.48% (Quarterly)   3/14/2024   AUD   5,840,000   (27,743)   —   (27,743)
1-Day SONIA (Annually)   0.25% (Annually)   3/16/2024   GBP   3,540,000   (156,483)   (154,572)   (1,911)
2.25% (Quarterly)   7-Day CFETS Repo Rate (Quarterly)   3/16/2024   CNY   12,020,000   611   5,914   (5,303)
3-Month KWCDC (Quarterly)   1.50% (Quarterly)   3/16/2024   KRW   878,310,583   (14,531)   (11,343)   (3,188)
3-Month STIBOR (Quarterly)   0.50% (Annually)   3/16/2024   SEK   93,370,000   (160,035)   (132,580)   (27,455)
6-Month NIBOR (Semiannually)   1.75% (Annually)   3/16/2024   NOK   2,270,000   (3,853)   71   (3,924)
Bank of Japan Unsecured Overnight Call Rate (Annually)   0.00% (Annually)   3/17/2024   JPY   750,000,000   (3,347)   11,605   (14,952)
3-Month CDOR (Semiannually)   2.50% (Semiannually)   3/22/2024   CAD   10,520,000   (32,358)   (8,865)   (23,493)
4.75% (Annually)   6-Month WIBOR (Semiannually)   6/15/2024   PLN   17,962,753   83,968   98,402   (14,434)
6.10% (Quarterly)   3-Month JIBAR (Quarterly)   6/15/2024   ZAR   59,312,891   16,486   18,396   (1,910)
7-Day CFETS Repo Rate (Quarterly)   2.25% (Quarterly)   6/15/2024   CNY   6,320,000   (85)   2,560   (2,645)
3-Month CDOR (Semiannually)   2.07% (Semiannually)   12/18/2025   CAD   7,420,000   (96,588)   (28,322)   (68,266)
US CPI Urban Consumers (Upon termination)   3.37% (Upon termination)   11/18/2026   USD   7,830,000   (211,939)   122,847   (334,786)
1-Day SOFR (Annually)   1.55% (Annually)   3/4/2027   USD   7,886,000   (232,398)   (12,246)   (220,152)
1.25% (Semiannually)   6-Month ASX BBSW (Semiannually)   3/16/2027   AUD   14,630,000   (855,937)   (291,490)   (564,447)
3-Month CDOR (Semiannually)   1.75% (Semiannually)   3/16/2027   CAD   990,000   (37,684)   (15,495)   (22,189)
3-Month STIBOR (Quarterly)   0.75% (Annually)   3/16/2027   SEK   34,210,000   (183,283)   (13,619)   (169,664)
7-Day CFETS Repo Rate (Quarterly)   2.25% (Quarterly)   6/15/2027   CNY   5,960,000   (8,994)   (4,896)   (4,098)
1-Day SOFR (Annually)   1.81% (Annually)   2/9/2028   USD   7,380,000   (160,990)   (11,307)   (149,683)
1.31% (Annually)   6-Month EURIBOR (Semiannually)   3/30/2029   EUR   8,100,000   (1,431)   18,377   (19,808)
28-Day Mexico Interbank TIIE (Lunar)   7.45% (Lunar)   7/18/2029   MXN   165,770,000   (319,393)   68,837   (388,230)
US CPI Urban Consumers (Upon termination)   2.77% (Upon termination)   10/20/2031   USD   7,090,000   (403,759)   6,104   (409,863)
0.25% (Annually)   Swiss Average Overnight Rate (Annually)   3/16/2032   CHF   7,050,000   (460,438)   (247,498)   (212,940)
2.00% (Semiannually)   6-Month ASX BBSW (Semiannually)   3/16/2032   AUD   1,470,000   (102,378)   1,069   (103,447)
3-Month CDOR (Semiannually)   2.00% (Semiannually)   3/16/2032   CAD   7,200,000   (432,253)   (290,556)   (141,697)
6-Month EURIBOR (Semiannually)   0.25% (Annually)   3/16/2032   EUR   3,660,000   (359,690)   (240,986)   (118,704)
6-Month NIBOR (Semiannually)   2.00% (Annually)   3/16/2032   NOK   42,880,000   (322,719)   (72,083)   (250,636)
Bank of Japan Unsecured Overnight Call Rate (Annually)   0.00% (Annually)   3/16/2032   JPY   48,110,000   (10,047)   (9,424)   (623)
3-Month STIBOR (Quarterly)   1.00% (Annually)   3/17/2032   SEK   14,060,000   (66,141)   (36,063)   (30,078)
6-Month EURIBOR (Semiannually)   0.50% (Annually)   3/17/2032   EUR   11,050,000   (519,411)   (304,164)   (215,247)
Swiss Average Overnight Rate (Annually)   0.50% (Annually)   3/17/2032   CHF   4,580,000   (176,054)   (80,991)   (95,063)
3-Month KWCDC (Quarterly)   2.50% (Quarterly)   6/15/2032   KRW   1,306,044,139   (17,472)   5,057   (22,529)
6-Month EURIBOR (Semiannually)   0.75% (Annually)   6/15/2032   EUR   47,400,000   (2,414,201)   (1,779,141)   (635,060)
3-Month CDOR (Semiannually)   2.10% (Semiannually)   12/18/2033   CAD   1,660,000   (97,326)   6,741   (104,067)
0.75% (Semiannually)   Bank of Japan Unsecured Overnight Call Rate (Semiannually)   3/20/2038   JPY   489,200,000   (154,753)   39,965   (194,718)
1.65% (Annually)   1-Day SOFR (Annually)   8/15/2047   USD   1,320,000   100,095   132,724   (32,629)
2.25% (Semiannually)   3-Month CDOR (Semiannually)   12/15/2051   CAD   730,000   (70,557)   (29,458)   (41,099)
Subtotal Depreciation                   $(8,269,742)   $(3,371,100)   $(4,898,642)
Net Centrally Cleared Interest Rate Swaps outstanding at March 31, 2022   $7,948,574   $2,076,103   $5,872,471
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
95
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Par   Value
ASSET-BACKED SECURITIES — 1.6%
510 Asset Backed Trust, Series 2021-NPL1, Class A1      
(Step to 5.24% on 07/25/24), 2.24%, 06/25/61 144A  STEP $101,622   $97,646
Aaset Trust, Series 2021-2A, Class A      
2.80%, 01/15/47 144A 246,398   223,915
American Credit Acceptance Receivables Trust, Series 2021-3, Class D      
1.34%, 11/15/27 144A 80,000   76,098
American Credit Acceptance Receivables Trust, Series 2021-4, Class D      
1.82%, 02/14/28 144A 105,000   100,218
AmeriCredit Automobile Receivables Trust, Series 2021-1, Class D      
1.21%, 12/18/26 55,000   52,021
Avis Budget Rental Car Funding AESOP LLC, Series 2019-3A, Class A      
2.36%, 03/20/26 144A 145,000   141,178
Avis Budget Rental Car Funding AESOP LLC, Series 2021-1A, Class A      
1.38%, 08/20/27 144A 770,000   715,076
BHG Securitization Trust, Series 2022-A, Class B      
2.70%, 02/20/35 144A 110,000   105,329
Bravo Mortgage Asset Trust, Series 2006-1A, Class M1      
(Floating, ICE LIBOR USD 1M + 0.60%, 0.60% Floor), 1.06%, 07/25/36 144A † 630,000   595,648
Carvana Auto Receivables Trust, Series 2021-N3, Class C      
1.02%, 06/12/28 55,000   53,176
Carvana Auto Receivables Trust, Series 2021-N4, Class C      
1.72%, 09/11/28 20,000   19,331
Carvana Auto Receivables Trust, Series 2021-N4, Class D      
2.30%, 09/11/28 50,000   47,401
Carvana Auto Receivables Trust, Series 2021-P3, Class C      
1.93%, 10/12/27 50,000   46,265
Carvana Auto Receivables Trust, Series 2021-P4, Class C      
2.33%, 02/10/28 25,000   23,560
CLI Funding VIII LLC, Series 2021-1A, Class A      
1.64%, 02/18/46 144A 111,485   101,431
DB Master Finance LLC, Series 2021-1A, Class A2II      
2.49%, 11/20/51 144A 89,775   81,015
Domino's Pizza Master Issuer LLC, Series 2019-1A, Class A2      
3.67%, 10/25/49 144A 132,300   127,277
Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I      
2.66%, 04/25/51 144A 138,950   129,281
    Par   Value
Drive Auto Receivables Trust, Series 2021-2, Class D      
1.39%, 03/15/29 $170,000   $161,679
DT Auto Owner Trust, Series 2020-3A, Class C      
1.47%, 06/15/26 144A 210,000   206,309
DT Auto Owner Trust, Series 2021-2A, Class D      
1.50%, 02/16/27 144A 25,000   23,688
DT Auto Owner Trust, Series 2021-3A, Class D      
1.31%, 05/17/27 144A 165,000   153,247
DT Auto Owner Trust, Series 2021-4A, Class D      
1.99%, 09/15/27 144A 65,000   61,737
DT Auto Owner Trust, Series 2022-1A, Class D      
3.40%, 12/15/27 144A 95,000   92,189
Exeter Automobile Receivables Trust, Series 2021-1A, Class D      
1.08%, 11/16/26 70,000   67,264
Exeter Automobile Receivables Trust, Series 2021-3A, Class D      
1.55%, 06/15/27 120,000   113,865
Flagship Credit Auto Trust, Series 2021-2, Class D      
1.59%, 06/15/27 144A 40,000   37,521
Flagship Credit Auto Trust, Series 2021-3, Class D      
1.65%, 09/15/27 144A 50,000   46,597
Ford Credit Auto Owner Trust, Series 2021-A, Class A3      
0.30%, 08/15/25 260,000   253,917
GLS Auto Receivables Issuer Trust, Series 2021-1A, Class D      
1.68%, 01/15/27 144A 175,000   167,777
GLS Auto Receivables Issuer Trust, Series 2021-3A, Class D      
1.48%, 07/15/27 144A 80,000   73,340
GLS Auto Receivables Issuer Trust, Series 2021-4A, Class D      
2.48%, 10/15/27 144A 135,000   125,935
GLS Auto Receivables Trust, Series 2021-2A, Class D      
1.42%, 04/15/27 144A 65,000   60,517
GM Financial Consumer Automobile Receivables Trust, Series 2021-1, Class A3      
0.35%, 10/16/25 95,000   93,184
GM Financial Consumer Automobile Receivables Trust, Series 2021-2, Class A3      
0.51%, 04/16/26 195,000   189,100
Honda Auto Receivables Owner Trust, Series 2021-1, Class A3      
0.27%, 04/21/25 155,000   151,813
MVW LLC, Series 2021-2A, Class C      
2.23%, 05/20/39 144A 119,421   113,377
 
96
    Par   Value
Navient Private Education Refinancing Loan Trust, Series 2021-FA, Class B      
2.12%, 02/18/70 144A $100,000   $89,658
Navient Student Loan Trust, Series 2018-EA, Class B      
4.44%, 12/15/59 144A 560,000   561,219
New Century Home Equity Loan Trust, Series 2003-6, Class M1      
(Floating, ICE LIBOR USD 1M + 1.08%, 1.08% Floor, 12.50% Cap), 1.54%, 01/25/34† 226,765   224,067
PFCA Home Equity Investment Trust, Series 2003-IFC5, Class A      
4.45%, 01/22/35 144A † γ 385,149   376,067
Progress Residential, Series 2021-SFR3, Class E1      
2.54%, 05/17/26 144A 20,000   17,922
Santander Drive Auto Receivables Trust, Series 2021-1, Class D      
1.13%, 11/16/26 70,000   67,088
Santander Drive Auto Receivables Trust, Series 2021-3, Class D      
1.33%, 09/15/27 115,000   110,211
Santander Drive Auto Receivables Trust, Series 2021-4, Class D      
1.67%, 10/15/27 75,000   70,993
Saxon Asset Securities Trust, Series 2006-3, Class A4      
(Floating, ICE LIBOR USD 1M + 0.24%, 0.24% Floor, 12.25% Cap), 0.70%, 10/25/46† 600,000   542,254
Sierra Timeshare Receivables Funding LLC, Series 2019-2A, Class C      
3.12%, 05/20/36 144A 27,338   26,874
S-Jets, Ltd., Series 2017-1, Class A      
3.97%, 08/15/42 144A 173,015   146,992
SLM Student Loan Trust, Series 2003-10A, Class A4      
(Floating, ICE LIBOR USD 3M + 0.67%), 1.50%, 12/17/68 144A † 640,000   631,640
SLM Student Loan Trust, Series 2003-4, Class A5E      
(Floating, ICE LIBOR USD 3M + 0.75%), 1.58%, 03/15/33 144A † 118,791   119,176
SLM Student Loan Trust, Series 2006-10, Class A6      
(Floating, ICE LIBOR USD 3M + 0.15%), 0.41%, 03/25/44† 116,634   112,998
SMB Private Education Loan Trust, Seres 2021-A, Class A2A2      
(Floating, ICE LIBOR USD 1M + 0.73%), 1.13%, 01/15/53 144A † 100,000   98,440
SMB Private Education Loan Trust, Series 2021-A, Class A2B      
1.59%, 01/15/53 144A 240,000   223,643
SMB Private Education Loan Trust, Series 2021-E, Class B      
2.49%, 02/15/51 144A 100,000   91,785
    Par   Value
Taco Bell Funding LLC, Series 2021-1A, Class A2II      
2.29%, 08/25/51 144A $109,725   $98,203
Textainer Marine Containers VII, Ltd., Series 2021-1A, Class A      
1.68%, 02/20/46 144A 91,333   82,843
TIF Funding II LLC, Series 2021-1A, Class A      
1.65%, 02/20/46 144A 90,958   81,869
Toyota Auto Receivables Owner Trust, Series 2021-A, Class A2      
0.16%, 07/17/23 22,713   22,685
Triton Container Finance VIII LLC, Series 2021-1A, Class A      
1.86%, 03/20/46 144A 118,950   107,884
VCAT LLC, Series 2021-NPL5, Class A1      
(Step to 4.87% on 09/25/24), 1.87%, 08/25/51 144A  STEP 93,299   89,600
VCAT LLC, Series 2021-NPL6, Class A1      
(Step to 4.92% on 10/25/24), 1.92%, 09/25/51 144A  STEP 144,310   140,683
VOLT XCVII LLC, Series 2021-NPL6, Class A1      
(Step to 5.24% on 04/25/24), 2.24%, 04/25/51 144A  STEP 88,588   85,934
Wendy's Funding LLC, Series 2021-1A, Class A2I      
2.37%, 06/15/51 144A 59,550   53,177
Westlake Automobile Receivables Trust, Series 2021-1A, Class D      
1.23%, 04/15/26 144A 140,000   134,739
Westlake Automobile Receivables Trust, Series 2021-2A, Class D      
1.23%, 12/15/26 144A 65,000   61,749
Total Asset-Backed Securities
(Cost $9,813,744) 		    9,399,315
CORPORATE BONDS — 21.5%
Air Lease Corporation      
0.70%, 02/15/24Δ 380,000   363,263
2.30%, 02/01/25 305,000   293,656
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 4.08%), 4.65%, 06/15/26ρ Δ ^ 120,000   108,000
4.63%, 10/01/28 50,000   51,011
3.00%, 02/01/30 30,000   27,670
3.13%, 12/01/30 25,000   23,152
Allied Universal Holdco LLC      
6.00%, 06/01/29 144A Δ 270,000   238,545
Ally Financial, Inc.      
5.13%, 09/30/24 465,000   485,644
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.87%), 4.70%, 05/15/26ρ Δ ^ 140,000   132,221
(Variable, U.S. Treasury Yield Curve Rate CMT 7Y + 3.48%), 4.70%, 05/15/28ρ ^ 125,000   114,063
2.20%, 11/02/28Δ 50,000   45,271
8.00%, 11/01/31 175,000   219,914
97
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Amazon.com, Inc.      
0.45%, 05/12/24Δ $595,000   $573,185
3.88%, 08/22/37 620,000   657,808
4.25%, 08/22/57 190,000   215,943
AMC Networks, Inc.      
4.25%, 02/15/29 55,000   51,398
American Airlines Pass-Through Trust, Series 2016-3, Class B      
3.75%, 10/15/25 193,940   178,591
American Airlines Pass-Through Trust, Series 2017-2, Class B      
3.70%, 10/15/25 77,535   72,963
American Airlines, Inc.      
5.50%, 04/20/26 144A 810,000   817,213
5.75%, 04/20/29 144A 780,000   778,147
American Homes 4 Rent LP REIT      
2.38%, 07/15/31 20,000   17,689
Antares Holdings LP      
3.75%, 07/15/27 144A 250,000   231,064
Apple, Inc.      
4.65%, 02/23/46 145,000   172,093
Aramark International Finance S.a.r.l.      
3.13%, 04/01/25(E) 284,000   308,329
Ares Capital Corporation      
2.88%, 06/15/28 355,000   314,922
3.20%, 11/15/31 155,000   131,594
AT&T, Inc.      
0.25%, 03/04/26(E) 650,000   695,389
3.65%, 06/01/51 315,000   287,633
Athene Global Funding      
1.72%, 01/07/25 144A 245,000   233,718
1.61%, 06/29/26 144A 110,000   100,382
Avantor Funding, Inc.      
3.88%, 11/01/29 144A 60,000   56,480
Aviation Capital Group LLC      
1.95%, 01/30/26 144A 50,000   45,982
Avon Products, Inc.      
8.45%, 03/15/43 60,000   69,571
Bank of America Corporation      
1.38%, 03/26/25(E) Δ 595,000   665,039
4.25%, 10/22/26 55,000   56,676
(Variable, ICE LIBOR USD 3M + 1.51%), 3.71%, 04/24/28^ 250,000   251,919
(Variable, ICE LIBOR USD 3M + 1.04%), 3.42%, 12/20/28^ 435,000   430,929
(Variable, ICE LIBOR USD 3M + 0.99%), 2.50%, 02/13/31^ 155,000   142,644
(Variable, U.S. SOFR + 1.37%), 1.92%, 10/24/31^ 360,000   313,127
(Variable, U.S. SOFR + 1.33%), 2.97%, 02/04/33^ 560,000   525,318
(Variable, U.S. SOFR + 1.58%), 3.31%, 04/22/42^ 1,860,000   1,728,059
(Variable, ICE LIBOR USD 3M + 3.15%), 4.08%, 03/20/51^ 170,000   176,743
Barings BDC, Inc.      
3.30%, 11/23/26 144A 75,000   69,364
Bausch Health Americas, Inc.      
9.25%, 04/01/26 144A 500,000   512,615
    Par   Value
8.50%, 01/31/27 144A Δ $50,000   $49,915
BioMarin Pharmaceutical, Inc.      
0.60%, 08/01/24 CONV 80,000   80,160
1.25%, 05/15/27 CONV Δ 235,000   236,477
Blackstone Secured Lending Fund      
2.13%, 02/15/27 144A 190,000   168,843
Block, Inc.      
3.50%, 06/01/31 144A Δ 65,000   59,584
Boeing Co. (The)      
4.88%, 05/01/25 690,000   712,511
2.20%, 02/04/26 280,000   265,029
3.10%, 05/01/26 30,000   29,516
3.63%, 03/01/48 5,000   4,259
3.85%, 11/01/48 35,000   30,801
3.75%, 02/01/50Δ 425,000   379,766
5.81%, 05/01/50 365,000   422,768
3.83%, 03/01/59 185,000   152,633
Booking Holdings, Inc.      
0.50%, 03/08/28(E) 275,000   287,278
Braskem America Finance Co.      
7.13%, 07/22/41 2,440,000   2,688,990
Brighthouse Financial, Inc.      
5.63%, 05/15/30Δ 375,000   411,863
Brixmor Operating Partnership LP REIT      
2.25%, 04/01/28 15,000   13,727
Broadcom, Inc.      
2.60%, 02/15/33 144A 140,000   121,778
Carnival Corporation      
5.75%, 03/01/27 144A 120,000   114,600
6.00%, 05/01/29 144A 45,000   42,465
Carvana Co.      
5.63%, 10/01/25 144A 35,000   33,044
5.50%, 04/15/27 144A Δ 50,000   44,695
5.88%, 10/01/28 144A Δ 55,000   49,044
Caterpillar Financial Services Corporation      
0.95%, 01/10/24 225,000   219,325
0.45%, 05/17/24 595,000   569,559
CCO Holdings LLC      
4.50%, 08/15/30 144A 650,000   610,998
4.50%, 06/01/33 144A 1,170,000   1,051,795
4.25%, 01/15/34 144A 405,000   352,350
CDW LLC      
3.57%, 12/01/31 220,000   204,231
Centene Corporation      
4.63%, 12/15/29 1,380,000   1,393,579
3.00%, 10/15/30 25,000   23,000
2.50%, 03/01/31 215,000   190,097
2.63%, 08/01/31 100,000   89,162
Charter Communications Operating LLC      
3.50%, 06/01/41 370,000   308,441
6.48%, 10/23/45 210,000   239,700
5.75%, 04/01/48 890,000   948,918
4.80%, 03/01/50 335,000   319,228
3.70%, 04/01/51 150,000   124,048
 
98
    Par   Value
3.90%, 06/01/52 $135,000   $114,265
3.85%, 04/01/61 270,000   217,921
4.40%, 12/01/61 260,000   227,260
3.95%, 06/30/62 245,000   198,982
Cigna Corporation      
4.80%, 08/15/38 280,000   307,470
3.20%, 03/15/40 150,000   136,697
3.40%, 03/15/50 260,000   235,110
Citigroup, Inc.      
3.50%, 05/15/23 270,000   272,939
(Variable, ICE LIBOR USD 3M + 3.42%), 6.30%, 05/15/24ρ Δ ^ 690,000   695,347
(Variable, ICE LIBOR USD 3M + 0.90%), 3.35%, 04/24/25^ 350,000   351,017
(Variable, ICE LIBOR USD 3M + 3.91%), 5.95%, 05/15/25ρ ^ 100,000   102,055
(Variable, ICE LIBOR USD 3M + 1.56%), 3.89%, 01/10/28^ 135,000   136,681
(Variable, ICE LIBOR USD 3M + 1.15%), 3.52%, 10/27/28^ 200,000   198,399
(Variable, U.S. SOFR + 1.42%), 2.98%, 11/05/30^ 210,000   199,570
(Variable, U.S. SOFR + 1.94%), 3.79%, 03/17/33^ 165,000   163,756
CME Group, Inc.      
5.30%, 09/15/43 620,000   759,934
Comcast Corporation      
2.94%, 11/01/56 144A 1,066,000   884,862
2.99%, 11/01/63 144A 307,000   251,774
CommScope, Inc.      
4.75%, 09/01/29 144A 240,000   221,371
Comstock Resources, Inc.      
7.50%, 05/15/25 144A 93,000   94,609
ConocoPhillips      
6.50%, 02/01/39Δ 10,000   13,414
Continental Resources, Inc.      
5.75%, 01/15/31 144A 235,000   257,400
2.88%, 04/01/32 144A Δ 25,000   22,333
4.90%, 06/01/44 270,000   267,700
Corebridge Financial, Inc.      
4.35%, 04/05/42 144A 50,000   49,987
Corporate Office Properties LP REIT      
2.75%, 04/15/31 20,000   17,984
Crown Castle International Corporation REIT      
1.05%, 07/15/26 385,000   348,366
2.50%, 07/15/31 185,000   165,340
CSC Holdings LLC      
4.63%, 12/01/30 144A 200,000   167,534
CVS Health Corporation      
4.13%, 04/01/40 105,000   107,095
5.05%, 03/25/48 295,000   334,963
4.25%, 04/01/50 210,000   218,640
DCP Midstream Operating LP      
5.13%, 05/15/29 20,000   20,610
3.25%, 02/15/32Δ 135,000   121,771
6.75%, 09/15/37 144A 500,000   588,780
Dell International LLC      
5.45%, 06/15/23 153,000   157,701
    Par   Value
5.30%, 10/01/29 $365,000   $398,203
8.10%, 07/15/36 122,000   160,834
8.35%, 07/15/46 31,000   45,461
Delta Air Lines, Inc.      
2.90%, 10/28/24 30,000   29,373
7.00%, 05/01/25 144A 50,000   53,597
4.50%, 10/20/25 144A 350,000   352,309
7.38%, 01/15/26Δ 330,000   358,743
4.75%, 10/20/28 144A 1,300,000   1,312,227
Devon Energy Corporation      
5.88%, 06/15/28 384,000   406,670
DH Europe Finance II S.a.r.l.      
0.45%, 03/18/28(E) 275,000   287,708
Diamondback Energy, Inc.      
3.13%, 03/24/31 45,000   43,053
Digital Euro Finco LLC REIT      
1.13%, 04/09/28(E) 305,000   315,735
Dillard's, Inc.      
7.75%, 07/15/26 450,000   486,861
Directv Financing LLC      
5.88%, 08/15/27 144A 1,370,000   1,349,553
Discovery Communications LLC      
3.63%, 05/15/30 125,000   121,589
DISH DBS Corporation      
5.88%, 11/15/24 1,065,000   1,063,791
7.75%, 07/01/26 1,545,000   1,536,881
5.75%, 12/01/28 144A 770,000   730,056
5.13%, 06/01/29 90,000   76,761
DISH Network Corporation      
2.38%, 03/15/24 CONV 830,000   779,162
3.38%, 08/15/26 CONV 565,000   509,630
DTE Energy Co.      
3.40%, 06/15/29 142,000   139,369
Duke Energy Corporation      
2.55%, 06/15/31Δ 295,000   270,177
Edison International      
4.95%, 04/15/25 35,000   35,833
El Paso Natural Gas Co. LLC      
8.38%, 06/15/32 50,000   65,039
Encore Capital Group, Inc.      
4.88%, 10/15/25(E) 300,000   334,528
Endeavor Energy Resources LP      
5.75%, 01/30/28 144A 230,000   238,021
Energy Transfer LP      
5.00%, 10/01/22 60,000   60,493
4.50%, 11/01/23 500,000   507,842
7.60%, 02/01/24 220,000   234,915
Enterprise Products Operating LLC      
5.10%, 02/15/45 600,000   656,569
4.80%, 02/01/49 290,000   310,578
EOG Resources, Inc.      
4.38%, 04/15/30Δ 100,000   108,422
EPR Properties REIT      
3.75%, 08/15/29 230,000   215,568
3.60%, 11/15/31 340,000   308,833
EQT Corporation      
3.13%, 05/15/26 144A 10,000   9,724
99
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
3.90%, 10/01/27 $30,000   $29,957
5.00%, 01/15/29 900,000   930,213
3.63%, 05/15/31 144A 105,000   100,433
ERAC U.S.A. Finance LLC      
7.00%, 10/15/37 144A 535,000   700,329
Expedia Group, Inc.      
2.95%, 03/15/31 440,000   408,101
Exxon Mobil Corporation      
4.33%, 03/19/50 300,000   336,033
3.45%, 04/15/51 340,000   331,305
Fidelity & Guaranty Life Holdings, Inc.      
5.50%, 05/01/25 144A 430,000   450,728
Fidelity National Information Services, Inc.      
1.00%, 12/03/28(E) 300,000   316,597
FirstEnergy Corporation      
7.38%, 11/15/31 630,000   778,176
Fiserv, Inc.      
1.63%, 07/01/30(E) 290,000   311,192
Ford Motor Co.      
6.63%, 10/01/28 75,000   82,220
3.25%, 02/12/32 1,270,000   1,136,409
4.75%, 01/15/43 190,000   172,910
Ford Motor Credit Co. LLC      
2.75%, 06/14/24(U) 460,000   586,203
2.39%, 02/17/26(E) 200,000   217,476
3.82%, 11/02/27 400,000   379,694
2.90%, 02/10/29 875,000   780,605
4.00%, 11/13/30 850,000   801,796
Fox Corporation      
5.58%, 01/25/49Δ 215,000   250,690
Freeport-McMoRan, Inc.      
5.40%, 11/14/34Δ 230,000   255,738
FS KKR Capital Corporation      
3.40%, 01/15/26Δ 75,000   72,712
3.13%, 10/12/28 100,000   89,348
GE Capital Funding LLC      
4.55%, 05/15/32 510,000   548,775
General Dynamics Corporation      
4.25%, 04/01/40 190,000   208,023
4.25%, 04/01/50 460,000   519,130
General Electric Co.      
6.75%, 03/15/32 11,000   13,887
General Motors Co.      
5.40%, 10/02/23 360,000   372,641
6.13%, 10/01/25 250,000   268,615
6.25%, 10/02/43 85,000   96,693
5.20%, 04/01/45 255,000   259,069
General Motors Financial Co., Inc.      
0.96%, 09/07/23(E) 415,000   460,907
1.05%, 03/08/24 75,000   72,230
5.25%, 03/01/26 315,000   330,234
(Variable, ICE LIBOR USD 3M + 3.60%), 5.75%, 09/30/27ρ Δ ^ 5,000   5,000
3.60%, 06/21/30 275,000   263,472
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 5.00%), 5.70%, 09/30/30ρ Δ ^ 10,000   10,515
    Par   Value
GEO Group, Inc. (The) REIT      
5.88%, 10/15/24 $290,000   $250,590
Georgia-Pacific LLC      
8.88%, 05/15/31 305,000   427,207
Gilead Sciences, Inc.      
4.00%, 09/01/36Δ 670,000   686,480
Glencore Funding LLC      
2.85%, 04/27/31 144A 420,000   384,231
Go Daddy Operating Co. LLC      
3.50%, 03/01/29 144A 105,000   96,699
Goldman Sachs Capital II      
(Variable, ICE LIBOR USD 3M + 0.77%), 4.00%, 05/23/22† ρ 40,000   32,200
Goldman Sachs Group, Inc. (The)      
(Variable, ICE LIBOR USD 3M + 1.20%), 3.27%, 09/29/25^ 420,000   421,036
(Variable, U.S. SOFR + 0.79%), 1.09%, 12/09/26^ 360,000   330,077
0.25%, 10/26/27(E) 428,000   433,650
(Variable, ICE LIBOR USD 3M + 1.51%), 3.69%, 06/05/28^ 225,000   225,522
(Variable, ICE LIBOR USD 3M + 1.16%), 3.81%, 04/23/29^ 265,000   267,301
(Variable, U.S. SOFR + 1.28%), 2.62%, 04/22/32^ 220,000   200,405
6.75%, 10/01/37 180,000   227,455
(Variable, ICE LIBOR USD 3M + 1.37%), 4.02%, 10/31/38^ 160,000   162,205
5.15%, 05/22/45 580,000   650,587
Hanesbrands, Inc.      
4.63%, 05/15/24 144A 110,000   111,833
4.88%, 05/15/26 144A 560,000   564,200
HCA, Inc.      
5.38%, 02/01/25 20,000   20,835
5.38%, 09/01/26Δ 18,000   18,918
3.50%, 09/01/30 50,000   48,392
5.25%, 06/15/49 170,000   186,914
Hercules LLC      
6.50%, 06/30/29 130,000   139,441
Hess Midstream Operations LP      
4.25%, 02/15/30 144A 30,000   28,359
Hilton Domestic Operating Co., Inc.      
3.63%, 02/15/32 144A 75,000   68,189
Hilton Grand Vacations Borrower Escrow LLC      
5.00%, 06/01/29 144A 60,000   57,332
4.88%, 07/01/31 144A 20,000   18,616
Hilton Worldwide Finance LLC      
4.88%, 04/01/27 520,000   524,425
Icahn Enterprises LP      
5.25%, 05/15/27 5,000   4,916
4.38%, 02/01/29 280,000   257,470
Ideal Standard International SA      
6.38%, 07/30/26(E)  144A 840,000   777,587
Ionis Pharmaceuticals, Inc.      
0.00%, 04/01/26 144A  CONV ⌂ 55,000   51,430
Jabil, Inc.      
1.70%, 04/15/26 85,000   78,808
 
100
    Par   Value
JBS U.S.A. LUX SA      
3.00%, 02/02/29 144A $45,000   $41,716
3.75%, 12/01/31 144A 50,000   46,515
Jefferies Group LLC      
6.25%, 01/15/36 570,000   668,613
6.50%, 01/20/43 260,000   312,485
JELD-WEN, Inc.      
4.88%, 12/15/27 144A Δ 380,000   364,600
JetBlue Airways Corporation      
0.50%, 04/01/26 144A  CONV 40,000   37,418
John Deere Capital Corporation      
0.90%, 01/10/24Δ 55,000   53,552
1.25%, 01/10/25Δ 85,000   81,898
JPMorgan Chase & Co.      
(Variable, ICE LIBOR USD 3M + 3.33%), 6.13%, 04/30/24ρ ^ 190,000   192,660
(Variable, U.S. SOFR + 0.89%), 1.58%, 04/22/27^ 110,000   102,562
(Variable, Euribor 3M + 0.84%), 1.64%, 05/18/28(E) ^ 250,000   276,769
(Variable, U.S. SOFR + 2.04%), 2.52%, 04/22/31^ 510,000   473,377
(Variable, U.S. SOFR + 2.52%), 2.96%, 05/13/31^ 285,000   267,169
(Variable, U.S. SOFR + 2.46%), 3.11%, 04/22/41^ 250,000   226,713
(Variable, U.S. SOFR + 2.44%), 3.11%, 04/22/51^ 460,000   409,290
(Variable, U.S. SOFR + 1.58%), 3.33%, 04/22/52^ 1,880,000   1,746,067
Kinder Morgan Energy Partners LP      
6.50%, 02/01/37 40,000   46,972
6.95%, 01/15/38 50,000   62,703
Kinder Morgan, Inc.      
7.75%, 01/15/32 560,000   723,054
5.55%, 06/01/45Δ 310,000   347,590
Kraft Heinz Foods Co.      
4.38%, 06/01/46 515,000   510,566
Legacy LifePoint Health LLC      
4.38%, 02/15/27 144A 230,000   222,686
Lennar Corporation      
4.75%, 11/29/27Δ 1,045,000   1,089,911
Lithia Motors, Inc.      
3.88%, 06/01/29 144A 45,000   42,603
Livongo Health, Inc.      
0.88%, 06/01/25 CONV 35,000   35,385
Lumen Technologies, Inc.      
5.63%, 04/01/25 50,000   50,445
Magallanes, Inc.      
4.05%, 03/15/29 144A 40,000   40,245
4.28%, 03/15/32 144A 275,000   276,564
5.05%, 03/15/42 144A 360,000   367,958
5.14%, 03/15/52 144A 690,000   707,578
Marathon Petroleum Corporation      
4.70%, 05/01/25 380,000   395,316
Marriott International, Inc.      
2.85%, 04/15/31 75,000   68,565
Marriott Ownership Resorts, Inc.      
4.50%, 06/15/29 144A 45,000   42,497
    Par   Value
Marvell Technology, Inc.      
2.45%, 04/15/28 $70,000   $64,503
2.95%, 04/15/31 60,000   55,562
Masco Corporation      
7.75%, 08/01/29 62,000   75,294
6.50%, 08/15/32 27,000   31,913
Match Group Holdings II LLC      
5.00%, 12/15/27 144A Δ 560,000   558,289
MBIA Insurance Corporation      
11.50%, 01/15/33 144A # 215,000   27,950
McDonald’s Corporation      
1.60%, 03/15/31(E) 400,000   435,282
4.20%, 04/01/50 300,000   314,209
Micron Technology, Inc.      
2.70%, 04/15/32 215,000   194,976
Mileage Plus Holdings LLC      
6.50%, 06/20/27 144A 375,000   391,406
MMS U.S.A. Holdings, Inc.      
1.75%, 06/13/31(E) 500,000   542,604
Molina Healthcare, Inc.      
3.88%, 05/15/32 144A 50,000   47,656
Morgan Stanley      
(Variable, U.S. SOFR + 0.51%), 0.79%, 01/22/25^ 510,000   489,903
6.25%, 08/09/26 205,000   228,218
4.35%, 09/08/26 475,000   489,939
3.63%, 01/20/27 250,000   252,411
3.95%, 04/23/27 65,000   66,165
(Variable, U.S. SOFR + 1.14%), 2.70%, 01/22/31^ 315,000   295,958
(Variable, U.S. SOFR + 4.84%), 5.60%, 03/24/51^ 230,000   295,901
MPLX LP      
4.70%, 04/15/48 105,000   106,101
MPT Operating Partnership LP REIT      
2.55%, 12/05/23(U) 350,000   455,336
4.63%, 08/01/29Δ 240,000   238,054
3.50%, 03/15/31 1,000,000   930,417
Murphy Oil U.S.A., Inc.      
3.75%, 02/15/31 144A Δ 25,000   22,865
Mutual of Omaha Insurance Co.      
6.80%, 06/15/36 144A 605,000   744,684
Mylan, Inc.      
4.55%, 04/15/28 225,000   227,915
Navient Corporation      
6.75%, 06/15/26Δ 150,000   153,186
5.00%, 03/15/27 5,000   4,772
5.63%, 08/01/33 10,000   8,440
NCL Corporation, Ltd.      
5.88%, 03/15/26 144A 65,000   61,836
1.13%, 02/15/27 144A  CONV 155,000   143,220
5.88%, 02/15/27 144A 65,000   64,108
NCL Finance, Ltd.      
6.13%, 03/15/28 144A 25,000   23,234
Netflix, Inc.      
4.88%, 04/15/28 20,000   21,006
5.88%, 11/15/28 90,000   99,432
6.38%, 05/15/29 1,215,000   1,375,975
101
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
5.38%, 11/15/29 144A $10,000   $10,843
4.88%, 06/15/30 144A 145,000   154,930
Newell Brands, Inc.      
4.10%, 04/01/23 320,000   323,500
NGPL PipeCo LLC      
7.77%, 12/15/37 144A 200,000   251,740
NVIDIA Corporation      
3.70%, 04/01/60 280,000   284,975
Occidental Petroleum Corporation      
3.20%, 08/15/26 275,000   270,629
3.50%, 08/15/29Δ 280,000   276,275
4.50%, 07/15/44 110,000   105,347
4.63%, 06/15/45 5,000   4,861
4.10%, 02/15/47 15,000   13,905
4.20%, 03/15/48 20,000   18,736
OneMain Finance Corporation      
6.88%, 03/15/25 125,000   131,575
Open Text Holdings, Inc.      
4.13%, 02/15/30 144A 300,000   285,060
Oracle Corporation      
4.00%, 07/15/46 205,000   182,426
3.95%, 03/25/51 150,000   131,614
Organon & Co.      
2.88%, 04/30/28(E) 150,000   158,528
Ovintiv, Inc.      
8.13%, 09/15/30 15,000   18,813
7.20%, 11/01/31 5,000   6,058
7.38%, 11/01/31 10,000   12,291
6.50%, 08/15/34 120,000   142,785
6.63%, 08/15/37 30,000   35,591
6.50%, 02/01/38 5,000   5,942
Owens Corning      
7.00%, 12/01/36 523,000   660,983
Owl Rock Capital Corporation      
4.25%, 01/15/26Δ 265,000   258,601
2.88%, 06/11/28 120,000   104,886
Owl Rock Technology Finance Corporation      
4.75%, 12/15/25 144A 265,000   261,803
Pacific Gas and Electric Co.      
3.25%, 06/01/31 160,000   144,959
3.30%, 08/01/40Δ 120,000   98,473
4.30%, 03/15/45 255,000   217,815
Peloton Interactive, Inc.      
0.93%, 02/15/26Ω  CONV 40,000   33,250
Penn Mutual Life Insurance Co. (The)      
7.63%, 06/15/40 144A 345,000   464,473
Pilgrim's Pride Corporation      
4.25%, 04/15/31 144A 10,000   9,271
3.50%, 03/01/32 144A 140,000   122,528
Plains All American Pipeline LP      
4.65%, 10/15/25 230,000   236,478
3.55%, 12/15/29 200,000   193,549
PLT VII Finance S.a.r.l.      
4.63%, 01/05/26(E) Δ 265,000   290,471
Prime Security Services Borrower LLC      
5.25%, 04/15/24 144A 610,000   625,476
    Par   Value
PulteGroup, Inc.      
6.00%, 02/15/35 $95,000   $107,225
Radiology Partners, Inc.      
9.25%, 02/01/28 144A 440,000   440,873
Range Resources Corporation      
5.00%, 03/15/23 53,000   53,451
4.88%, 05/15/25 120,000   121,664
4.75%, 02/15/30 144A Δ 840,000   835,548
Rocket Mortgage LLC      
2.88%, 10/15/26 144A 230,000   211,669
3.63%, 03/01/29Δ 130,000   118,957
3.88%, 03/01/31 144A Δ 320,000   290,088
4.00%, 10/15/33 144A 155,000   136,067
Royal Caribbean Cruises, Ltd.      
4.25%, 07/01/26 144A 10,000   9,320
5.50%, 04/01/28 144A 130,000   124,106
Sasol Financing U.S.A. LLC      
5.50%, 03/18/31 1,470,000   1,375,258
SBA Communications Corporation REIT      
3.13%, 02/01/29 155,000   141,197
Sensata Technologies, Inc.      
4.38%, 02/15/30 144A 720,000   690,084
Southern Co. (The)      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.73%), 4.00%, 01/15/51^ 200,000   194,000
Southern Copper Corporation      
5.25%, 11/08/42 870,000   986,049
Southwest Airlines Co.      
1.25%, 05/01/25 CONV 150,000   204,112
Southwestern Energy Co.      
5.95%, 01/23/25 20,000   20,934
4.75%, 02/01/32 765,000   765,111
Spectrum Brands, Inc.      
5.75%, 07/15/25 35,000   35,705
5.00%, 10/01/29 144A Δ 90,000   84,839
Splunk, Inc.      
1.13%, 06/15/27 CONV 65,000   62,400
Sprint Capital Corporation      
8.75%, 03/15/32 550,000   741,887
Sprint Corporation      
7.88%, 09/15/23 490,000   521,235
Stewart Information Services Corporation      
3.60%, 11/15/31 135,000   123,028
Synchrony Financial      
2.88%, 10/28/31 215,000   190,982
Sysco Corporation      
6.60%, 04/01/50 142,000   191,578
Tapestry, Inc.      
3.05%, 03/15/32 30,000   27,300
Targa Resources Partners LP      
5.88%, 04/15/26 620,000   639,793
5.50%, 03/01/30 280,000   291,141
4.00%, 01/15/32 35,000   33,725
TD SYNNEX Corporation      
1.75%, 08/09/26 144A 135,000   123,839
 
102
    Par   Value
Teladoc Health, Inc.      
1.25%, 06/01/27 CONV $275,000   $233,337
Tennessee Gas Pipeline Co. LLC      
2.90%, 03/01/30 144A 340,000   319,408
Terminix Co. LLC (The)      
7.45%, 08/15/27 120,000   136,430
Teva Pharmaceutical Finance Co. LLC      
6.15%, 02/01/36Δ 75,000   75,905
Time Warner Cable LLC      
5.50%, 09/01/41 35,000   36,423
4.50%, 09/15/42 55,000   51,007
T-Mobile U.S.A., Inc.      
2.40%, 03/15/29 144A 25,000   22,914
3.88%, 04/15/30 675,000   678,553
2.70%, 03/15/32 144A 485,000   441,801
4.50%, 04/15/50 360,000   365,489
Toyota Motor Credit Corporation      
0.50%, 06/18/24Δ 595,000   568,405
Transcontinental Gas Pipe Line Co. LLC      
3.25%, 05/15/30 320,000   312,533
4.45%, 08/01/42 750,000   766,529
TransDigm, Inc.      
4.63%, 01/15/29 35,000   32,768
Travel + Leisure Co.      
6.63%, 07/31/26 144A 10,000   10,441
6.00%, 04/01/27 10,000   10,338
4.50%, 12/01/29 144A 110,000   102,221
4.63%, 03/01/30 144A 75,000   69,893
TriNet Group, Inc.      
3.50%, 03/01/29 144A 95,000   87,472
Twitter, Inc.      
0.00%, 03/15/26 CONV ⌂ 65,000   55,344
U.S. Airways Pass-Through Trust, Series 2012-1, Class A      
5.90%, 10/01/24 70,168   72,579
U.S. Airways Pass-Through Trust, Series 2012-2, Class A      
4.63%, 06/03/25 63,962   61,734
Uber Technologies, Inc.      
1.42%, 12/15/25Ω  CONV Δ 70,000   63,000
7.50%, 09/15/27 144A 260,000   277,551
6.25%, 01/15/28 144A Δ 120,000   124,229
4.50%, 08/15/29 144A 345,000   324,084
United Airlines Pass-Through Trust, Series 2014-1, Class A      
4.00%, 04/11/26 76,943   77,356
United Airlines Pass-Through Trust, Series 2016-2, Class B      
3.65%, 10/07/25 61,458   57,640
United Airlines Pass-Through Trust, Series 2020-1, Class A      
5.88%, 10/15/27 328,152   340,214
United Rentals North America, Inc.      
5.25%, 01/15/30Δ 410,000   423,563
3.88%, 02/15/31Δ 1,290,000   1,217,863
    Par   Value
Verizon Communications, Inc.      
1.13%, 11/03/28(U) $290,000   $344,346
2.36%, 03/15/32 144A 940,000   850,607
0.75%, 03/22/32(E) 185,000   187,063
3.40%, 03/22/41 620,000   582,862
4.00%, 03/22/50 720,000   733,767
3.55%, 03/22/51 150,000   141,559
3.70%, 03/22/61Δ 350,000   326,096
Viatris, Inc.      
3.85%, 06/22/40 280,000   242,902
Viking Cruises, Ltd.      
5.88%, 09/15/27 144A 90,000   82,207
Viking Ocean Cruises Ship VII, Ltd.      
5.63%, 02/15/29 144A 900,000   823,219
VOC Escrow, Ltd.      
5.00%, 02/15/28 144A 280,000   260,999
Wells Fargo & Co.      
(Variable, ICE LIBOR USD 3M + 3.99%), 5.88%, 06/15/25ρ ^ 170,000   178,041
1.00%, 02/02/27(E) 400,000   430,741
(Variable, U.S. SOFR + 1.26%), 2.57%, 02/11/31^ 230,000   213,961
(Variable, U.S. SOFR + 2.53%), 3.07%, 04/30/41^ 220,000   198,480
(Variable, U.S. SOFR + 4.50%), 5.01%, 04/04/51^ 840,000   1,001,355
Western Digital Corporation      
2.85%, 02/01/29 15,000   13,734
3.10%, 02/01/32 10,000   8,969
Western Midstream Operating LP      
3.60%, 02/01/25 850,000   845,580
4.55%, 02/01/30 20,000   19,937
5.45%, 04/01/44 10,000   10,159
5.30%, 03/01/48 50,000   49,594
5.50%, 08/15/48 835,000   826,065
5.75%, 02/01/50 25,000   24,422
Westlake Corporation      
3.13%, 08/15/51Δ 205,000   169,192
WestRock MWV LLC      
8.20%, 01/15/30 75,000   96,481
7.95%, 02/15/31 25,000   32,113
Weyerhaeuser Co. REIT      
6.95%, 10/01/27 30,000   34,846
6.88%, 12/15/33 250,000   310,195
Williams Cos., Inc. (The)      
7.50%, 01/15/31 40,000   49,792
5.75%, 06/24/44 320,000   369,563
Yum! Brands, Inc.      
4.63%, 01/31/32 195,000   188,954
Total Corporate Bonds
(Cost $126,298,686) 		    122,652,417
FOREIGN BONDS — 41.7%
Andorra — 0.0%    
Andorra International Bond      
1.25%, 02/23/27(E) 100,000   108,295
103
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Angola — 0.1%    
Angolan Government International Bond      
9.50%, 11/12/25Δ $200,000   $219,470
9.38%, 05/08/48Δ 200,000   197,220
        416,690
Argentina — 0.3%    
Argentine Republic Government International Bond      
1.00%, 07/09/29 136,957   47,123
(Step to 0.75% on 07/09/23), 0.50%, 07/09/30 STEP 828,157   279,511
(Step to 1.50% on 07/09/22), 1.13%, 07/09/35 STEP 1,625,941   497,798
Pampa Energia SA      
7.50%, 01/24/27 144A 750,000   659,250
Provincia de Buenos Aires      
(Step to 5.25% on 09/01/22), 3.90%, 09/01/37 144A  STEP 623,391   268,158
        1,751,840
Australia — 0.2%    
Australia Government Bond      
1.75%, 06/21/51(A) 2,000,000   1,075,921
FMG Resources August 2006 Pty, Ltd.      
4.38%, 04/01/31 144A Δ 100,000   94,756
        1,170,677
Austria — 0.5%    
Republic of Austria Government Bond      
0.90%, 02/20/32(E)  144A 50,000   54,880
Sappi Papier Holding GmbH      
3.63%, 03/15/28(E) 130,000   137,147
Suzano Austria GmbH      
5.75%, 07/14/26 144A 370,000   397,426
5.00%, 01/15/30 730,000   745,264
3.75%, 01/15/31 1,450,000   1,367,669
        2,702,386
Azerbaijan — 0.1%    
Southern Gas Corridor CJSC      
6.88%, 03/24/26 510,000   558,463
State Oil Co. of the Azerbaijan Republic      
6.95%, 03/18/30 200,000   222,375
        780,838
Belgium — 0.1%    
Elia Transmission Belgium SA      
0.88%, 04/28/30(E) Δ 500,000   514,578
House of Finance NV (The)      
4.38%, 07/15/26(E) 150,000   163,054
Kingdom of Belgium Government Bond      
3.75%, 06/22/45(E) 18,000   29,151
        706,783
    Par   Value
Bermuda — 0.1%    
Bermuda Government International Bond      
3.72%, 01/25/27Δ $200,000   $203,750
4.75%, 02/15/29 200,000   215,370
        419,120
Brazil — 2.4%    
Brazil Minas SPE via State of Minas Gerais      
5.33%, 02/15/28 120,000   121,752
Brazil Notas do Tesouro Nacional Serie F      
10.00%, 01/01/23(B) 14,363,000   2,957,001
10.00%, 01/01/25(B) 18,485,000   3,751,521
10.00%, 01/01/27(B) 8,227,000   1,646,416
Brazilian Government International Bond      
10.25%, 01/10/28(B) 2,630,000   524,856
5.63%, 01/07/41Δ 230,000   223,321
Itau Unibanco Holding SA      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.98%), 6.13%, 12/12/22 144A ρ ^ 760,000   758,989
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.98%), 6.13%, 12/12/22ρ ^ 1,110,000   1,108,524
Ultrapar International SA      
5.25%, 10/06/26 144A 1,300,000   1,321,840
Vale Overseas, Ltd.      
6.88%, 11/21/36 900,000   1,087,353
        13,501,573
Canada — 1.3%    
1011778 BC ULC      
3.88%, 01/15/28 144A Δ 720,000   683,554
Air Canada Pass-Through Trust, Series 2020-2, Class A      
5.25%, 04/01/29 144A 426,009   440,540
Bausch Health Cos., Inc.      
7.00%, 01/15/28 144A 5,000   4,484
5.00%, 01/30/28 144A 50,000   41,265
4.88%, 06/01/28 144A 20,000   19,177
5.00%, 02/15/29 144A 5,000   3,901
6.25%, 02/15/29 144A 5,000   4,108
5.25%, 01/30/30 144A 25,000   19,679
5.25%, 02/15/31 144A Δ 120,000   93,564
Canadian Government Bond      
1.00%, 06/01/27(C) 3,265,000   2,439,172
Clarios Global LP      
4.38%, 05/15/26(E) Δ 291,000   319,504
First Quantum Minerals, Ltd.      
6.50%, 03/01/24 144A 300,000   302,337
7.50%, 04/01/25 144A 350,000   355,684
6.88%, 10/15/27 144A 200,000   209,710
 
104
    Par   Value
Glencore Finance Canada, Ltd.      
6.00%, 11/15/41 $340,000   $398,081
MEG Energy Corporation      
7.13%, 02/01/27 144A 1,310,000   1,373,319
Open Text Corporation      
3.88%, 02/15/28 144A 190,000   182,497
Rogers Communications, Inc.      
3.80%, 03/15/32 144A 210,000   208,637
4.55%, 03/15/52 144A 165,000   164,516
        7,263,729
Chile — 0.1%    
Corporation Nacional del Cobre de Chile      
3.63%, 08/01/27 144A 220,000   220,847
Empresa de los Ferrocarriles del Estado      
3.83%, 09/14/61 400,000   334,062
        554,909
China — 5.2%    
Avolon Holdings Funding, Ltd.      
4.25%, 04/15/26 144A 680,000   671,540
China Government Bond      
2.20%, 07/27/25(Y) 29,500,000   4,592,076
3.85%, 12/12/26(Y) 18,000,000   2,965,431
3.48%, 06/29/27(Y) 33,000,000   5,386,828
4.15%, 12/04/27(Y) 13,000,000   2,172,824
4.29%, 05/22/29(Y) 16,500,000   2,809,820
3.60%, 05/21/30(Y) 7,000,000   1,149,627
3.02%, 05/27/31(Y) 46,660,000   7,429,711
3.95%, 06/29/43(Y) 4,000,000   694,604
4.10%, 05/21/45(Y) 1,000,000   176,528
China Minmetals Corporation      
(Variable, 4.72% - U.S. Treasury Yield Curve Rate CMT 5Y), 3.75%, 11/13/22ρ ^ 250,000   251,697
Dianjian International Finance, Ltd.      
(Variable, 6.93% - U.S. Treasury Yield Curve Rate CMT 5Y), 4.60%, 03/13/23ρ ^ 200,000   202,011
Park Aerospace Holdings, Ltd.      
5.25%, 08/15/22 144A 15,000   15,099
4.50%, 03/15/23 144A 190,000   191,443
5.50%, 02/15/24 144A 830,000   850,098
Sinopec Group Overseas Development 2015, Ltd.      
3.25%, 04/28/25 250,000   250,480
Times China Holdings, Ltd.      
6.75%, 07/08/25 200,000   82,050
Yuzhou Group Holdings Co., Ltd.      
7.70%, 02/20/25# 495,000   63,113
        29,954,980
Colombia — 0.7%    
Colombia Government International Bond      
3.00%, 01/30/30 315,000   271,749
6.13%, 01/18/41Δ 100,000   97,325
    Par   Value
5.63%, 02/26/44 $3,170,000   $2,881,435
5.00%, 06/15/45 200,000   169,072
5.20%, 05/15/49 200,000   171,204
Ecopetrol SA      
5.88%, 09/18/23 140,000   143,748
Millicom International Cellular SA      
5.13%, 01/15/28 144A 540,000   538,812
        4,273,345
Costa Rica — 0.1%    
Costa Rica Government International Bond      
7.16%, 03/12/45Δ 340,000   338,728
Croatia — 0.0%    
Croatia Government International Bond      
1.50%, 06/17/31(E) 200,000   208,152
Cyprus — 0.0%    
Cyprus Government International Bond      
0.95%, 01/20/32(E) 29,000   28,988
Czech Republic — 0.1%    
CPI Property Group SA      
(Variable, 5.73% - EUR Swap Rate 5Y), 4.88%, 08/18/26(E) ρ ^ 100,000   100,954
Czech Republic Government Bond      
0.95%, 05/15/30(ZE) 17,870,000   656,709
        757,663
Denmark — 0.0%    
DKT Finance ApS      
7.00%, 06/17/23(E) 204,000   227,080
Dominican Republic — 0.1%    
Dominican Republic International Bond      
4.88%, 09/23/32 260,000   235,953
6.00%, 02/22/33Δ 150,000   146,964
6.85%, 01/27/45 220,000   218,627
        601,544
Ecuador — 0.1%    
Ecuador Government International Bond      
4.72%, 07/31/30Ω 16,866   9,310
(Step to 5.50% on 07/31/22), 5.00%, 07/31/30 STEP 69,140   57,491
(Step to 2.50% on 07/31/22), 1.00%, 07/31/35 STEP 488,778   320,155
(Step to 1.50% on 07/31/22), 0.50%, 07/31/40 STEP 59,020   33,553
        420,509
Egypt — 0.3%    
Egypt Government International Bond      
7.60%, 03/01/29 400,000   381,104
6.38%, 04/11/31(E) 1,200,000   1,140,838
7.63%, 05/29/32 200,000   181,704
105
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
7.90%, 02/21/48 $200,000   $163,019
        1,866,665
El Salvador — 0.0%    
El Salvador Government International Bond      
7.12%, 01/20/50Δ 150,000   67,877
Finland — 0.0%    
Ahlstrom-Munksjo Holding 3 OY      
3.63%, 02/04/28(E) 200,000   206,720
France — 1.4%    
Accor SA      
(Variable, 3.25% - EUR Swap Rate 5Y), 2.63%, 01/30/25(E) ρ Δ ^ 400,000   420,852
Afflelou SAS      
4.25%, 05/19/26(E) 150,000   162,658
Altice France SA      
3.38%, 01/15/28(E) 400,000   402,141
Banijay Group SAS      
6.50%, 03/01/26(E) 122,000   135,625
BNP Paribas SA      
(Variable, USD Swap 5Y + 5.15%), 7.38%, 08/19/25 144A ρ Δ ^ 740,000   797,864
(Variable, Euribor 3M + 1.80%), 2.13%, 01/23/27(E) ^ 300,000   339,014
(Variable, U.S. SOFR + 0.91%), 1.68%, 06/30/27 144A ^ 210,000   192,328
(Variable, USD Swap 5Y + 3.98%), 7.00%, 08/16/28 144A ρ ^ 300,000   324,188
CAB SELAS      
3.38%, 02/01/28(E)  144A 600,000   632,955
Constellium SE      
4.25%, 02/15/26(E) 285,000   316,038
Electricite de France SA      
(Variable, GBP Swap Rate 13Y + 4.23%), 6.00%, 01/29/26(U) ρ ^ 600,000   804,355
Faurecia SE      
2.38%, 06/15/27(E) 365,000   361,376
French Republic Government Bond OAT      
2.10%, 07/25/23(E)  144A 254,370   307,923
0.10%, 03/01/25(E) 26,859   32,524
1.00%, 05/25/27(E) 13,157   14,872
1.85%, 07/25/27(E) 23,612   32,585
0.10%, 03/01/28(E) 93,441   117,227
1.50%, 05/25/31(E) 80,377   94,060
0.10%, 07/25/31(E)  144A 142,017   186,154
0.00%, 11/25/31(E) 158,000   159,910
0.50%, 05/25/40(E)  144A 40,000   38,881
Iliad Holding SASU      
5.63%, 10/15/28(E) Δ 200,000   221,294
Kapla Holding SAS      
3.38%, 12/15/26(E) 200,000   212,347
La Financiere Atalian SASU      
4.00%, 05/15/24(E) Δ 100,000   100,663
    Par   Value
Laboratoire Eimer Selas      
5.00%, 02/01/29(E) $150,000   $155,108
Loxam SAS      
5.75%, 07/15/27(E) 530,000   574,953
Orange SA      
0.50%, 09/04/32(E) 400,000   397,725
Paprec Holding SA      
4.00%, 03/31/25(E) 155,000   172,841
        7,708,461
Gabon — 0.2%    
Gabo Government International Bond      
7.00%, 11/24/31 144A 1,020,000   982,607
Germany — 6.1%    
Allianz SE      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.17%), 3.20%, 10/30/27 144A ρ ^ 3,200,000   2,784,000
APCOA Parking Holdings GmbH      
4.63%, 01/15/27(E)  144A 100,000   104,249
Bundesobligation      
0.00%, 04/11/25(E) 3,086,000   3,400,174
Bundesrepublik Deutschland Bundesanleihe      
1.00%, 08/15/24(E) 3,360,000   3,806,149
0.00%, 08/15/30(E) 46,241   49,356
0.00%, 02/15/31(E) Δ 17,172,672   18,218,323
0.00%, 08/15/31(E) 57,400   60,555
1.25%, 08/15/48(E) 17,000   21,788
Bundesschatzanweisungen      
0.00%, 12/15/22(E) 1,350,000   1,499,535
Deutsche Bank AG      
(Variable, U.S. SOFR + 2.76%), 3.73%, 01/14/32^ 201,000   179,573
Deutsche Bundesrepublik Inflation Linked Bond      
0.10%, 04/15/26(E) 61,020   76,199
Gruenenthal GmbH      
4.13%, 05/15/28(E) 260,000   280,794
IHO Verwaltungs GmbH      
PIK 4.63%, 3.88%, 05/15/27(E) 215,000   229,999
Infineon Technologies AG      
(Variable, 4.00% - EUR Swap Rate 5Y), 3.63%, 01/01/28(E) ρ Δ ^ 100,000   111,215
Kreditanstalt fuer Wiederaufbau      
0.01%, 05/05/27(E) 22,000   23,452
0.00%, 09/15/31(E) Δ 33,000   33,172
PCF GmbH      
4.75%, 04/15/26(E) 395,000   421,208
Renk AG      
5.75%, 07/15/25(E)  144A 210,000   234,217
Schaeffler AG      
3.38%, 10/12/28(E) 200,000   217,297
Schenck Process Holding GmbH      
5.38%, 06/15/23(E)  144A 340,000   372,693
5.38%, 06/15/23(E) 200,000   219,231
 
106
    Par   Value
SGL Carbon SE      
4.63%, 09/30/24(E) $480,000   $525,510
State of North Rhine-Westphalia Germany      
1.65%, 02/22/38(E) 11,000   12,708
Techem Verwaltungsgesellschaft 675 mbH      
2.00%, 07/15/25(E) 200,000   213,269
TK Elevator Midco GmbH      
4.38%, 07/15/27(E)  144A 350,000   383,204
(Floating, 4.75% - Euribor 3M), 4.75%, 07/15/27(E) † 165,000   182,653
TUI Cruises GmbH      
6.50%, 05/15/26(E)  144A 120,000   126,112
Volkswagen Bank GmbH      
1.25%, 12/15/25(E) Δ 782,000   852,180
        34,638,815
Ghana — 0.2%    
Ghana Government International Bond      
7.63%, 05/16/29 144A 640,000   467,680
7.63%, 05/16/29 200,000   146,150
10.75%, 10/14/30 200,000   212,070
10.75%, 10/14/30 144A 340,000   360,519
7.88%, 02/11/35 200,000   140,078
        1,326,497
Hong Kong — 0.0%    
Shimao Group Holdings, Ltd.      
6.13%, 02/21/24 200,000   62,100
Hungary — 0.0%    
Hungary Government International Bond      
1.75%, 06/05/35(E) 19,000   19,733
India — 0.0%    
Indian Railway Finance Corporation, Ltd.      
2.80%, 02/10/31 144A 200,000   178,439
Indonesia — 2.9%    
Indonesia Government International Bond      
0.90%, 02/14/27(E) Δ 120,000   125,735
1.40%, 10/30/31(E) 220,000   222,200
5.25%, 01/17/42 144A 1,940,000   2,172,800
5.25%, 01/17/42 630,000   705,600
4.20%, 10/15/50 3,480,000   3,629,945
Indonesia Treasury Bond      
7.00%, 05/15/27(I) 48,282,000,000   3,527,637
8.25%, 05/15/29(I) 76,029,000,000   5,772,540
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara      
5.45%, 05/21/28 200,000   214,816
        16,371,273
Ireland — 0.5%    
AerCap Ireland Capital DAC      
4.45%, 10/01/25 400,000   401,799
    Par   Value
1.75%, 01/30/26 $540,000   $496,109
3.30%, 01/30/32 660,000   596,026
Ardagh Packaging Finance PLC      
5.25%, 08/15/27 144A Δ 300,000   277,652
eircom Finance DAC      
3.50%, 05/15/26(E) 150,000   164,058
GE Capital International Funding Co. Unlimited Co.      
4.42%, 11/15/35 448,000   482,022
Ireland Government Bond      
0.20%, 10/18/30(E) 20,000   20,910
0.40%, 05/15/35(E) 81,000   81,265
0.55%, 04/22/41(E) 36,000   34,879
Motion Bondco DAC      
4.50%, 11/15/27(E) 100,000   101,941
        2,656,661
Israel — 0.1%    
Energean Israel Finance, Ltd.      
5.38%, 03/30/28 144A 65,000   62,741
5.88%, 03/30/31 144A 90,000   86,175
Israel Government International Bond      
3.38%, 01/15/50 200,000   190,000
Summit Properties, Ltd.      
2.00%, 01/31/25(E) 265,000   283,054
        621,970
Italy — 1.9%    
ASR Media and Sponsorship SpA      
5.13%, 08/01/24(E) 881,211   920,370
Autostrade per l'Italia SpA      
1.88%, 09/26/29(E) 487,000   510,038
Centurion Bidco SpA      
5.88%, 09/30/26(E) 230,000   248,180
doValue SpA      
5.00%, 08/04/25(E) 100,000   113,169
Guala Closures SpA      
3.25%, 06/15/28(E) 100,000   100,032
International Design Group SpA      
(Floating, 4.25% - Euribor 3M), 4.25%, 05/15/26(E)  144A † 250,000   272,677
Italy Buoni Poliennali Del Tesoro      
1.45%, 05/15/25(E) 81,000   91,246
1.40%, 05/26/25(E)  144A 579,550   685,201
0.55%, 05/21/26(E)  144A 42,390   48,560
1.60%, 06/01/26(E) 43,000   48,536
0.00%, 08/01/26(E) 26,000   27,344
3.10%, 09/15/26(E)  144A 51,365   70,211
2.05%, 08/01/27(E) 4,240,000   4,852,716
0.65%, 10/28/27(E)  144A 59,523   69,397
1.35%, 04/01/30(E) 495,000   530,676
0.60%, 08/01/31(E)  144A 1,301,000   1,274,391
0.95%, 12/01/31(E)  144A 55,000   55,380
0.95%, 06/01/32(E) 96,000   95,784
1.50%, 04/30/45(E)  144A 7,000   6,597
2.15%, 09/01/52(E)  144A 10,000   10,313
107
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Mooney Group SpA      
(Floating, 3.88% - Euribor 3M), 3.88%, 12/17/26(E) † $300,000   $330,962
Telecom Italia Capital SA      
6.38%, 11/15/33 255,000   244,162
Telecom Italia SpA      
3.63%, 05/25/26(E) Δ 255,000   282,288
        10,888,230
Ivory Coast — 0.3%    
Ivory Coast Government International Bond      
5.25%, 03/22/30(E) 460,000   471,605
5.88%, 10/17/31(E) Δ 200,000   205,458
4.88%, 01/30/32(E)  144A 340,000   332,287
4.88%, 01/30/32(E) 110,000   107,505
5.75%, 12/31/32 144A  STEP 321,903   316,853
        1,433,708
Japan — 0.3%    
Japan Government Ten Year Bond      
0.10%, 12/20/28(J) 140,000,000   1,150,630
Japan Government Thirty Year Bond      
0.70%, 12/20/48(J) 30,000,000   236,570
SoftBank Group Corporation      
5.00%, 04/15/28(E) 245,000   258,454
4.63%, 07/06/28 200,000   179,460
        1,825,114
Jersey — 0.1%    
AA Bond Co., Ltd.      
6.50%, 01/31/26(U) 300,000   387,116
CPUK Finance, Ltd.      
6.50%, 08/28/26(U) 100,000   132,744
        519,860
Kazakhstan — 0.3%    
Kazakhstan Government International Bond      
2.38%, 11/09/28(E) 300,000   304,369
KazMunayGas National Co. JSC      
5.38%, 04/24/30 144A 500,000   481,846
5.38%, 04/24/30 300,000   289,108
KazTransGas JSC      
4.38%, 09/26/27 144A 630,000   570,528
        1,645,851
Luxembourg — 0.2%    
Altice Finco SA      
4.75%, 01/15/28(E) 479,000   465,829
Altice France Holding SA      
8.00%, 05/15/27(E) 100,000   114,483
SES SA      
(Variable, EUR Swap Rate 5Y + 5.40%), 5.63%, 01/29/24(E) ρ ^ 100,000   114,988
    Par   Value
Vivion Investments S.a.r.l.      
3.00%, 08/08/24(E) Δ $200,000   $213,464
        908,764
Mexico — 3.0%    
Banco Mercantil del Norte SA      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 5.04%), 6.88%, 07/06/22 144A ρ ^ 260,000   260,520
(Variable, U.S. Treasury Yield Curve Rate CMT 10Y + 5.47%), 7.50%, 06/27/29 144A ρ ^ 1,125,000   1,105,222
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand      
5.38%, 04/17/25 144A 580,000   605,926
BBVA Bancomer SA      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.65%), 5.13%, 01/18/33 144A ^ 630,000   595,750
Cemex SAB de CV      
3.88%, 07/11/31 144A 400,000   365,680
Mexican Bonos      
8.00%, 12/07/23(M) 2,608,300   130,336
7.50%, 06/03/27(M) 151,900,000   7,335,670
8.50%, 11/18/38(M) 5,995,600   306,368
7.75%, 11/13/42(M) 76,750,000   3,599,648
Mexico Government International Bond      
2.88%, 04/08/39(E) 700,000   696,527
5.75%, 10/12/10« 320,000   325,557
Orbia Advance Corp SAB de CV      
5.88%, 09/17/44 144A 1,100,000   1,133,973
Orbia Advance Corporation SAB de CV      
2.88%, 05/11/31 144A 200,000   177,399
Petroleos Mexicanos      
4.75%, 02/26/29(E) 300,000   308,262
5.95%, 01/28/31 140,000   129,423
7.69%, 01/23/50 390,000   341,328
        17,417,589
Mongolia — 0.0%    
Mongolia Government International Bond      
8.75%, 03/09/24 200,000   213,229
Morocco & Antilles — 0.1%    
OCP SA      
5.63%, 04/25/24 144A 350,000   360,855
4.50%, 10/22/25 144A 320,000   321,475
        682,330
 
108
    Par   Value
Netherlands — 2.4%    
Abertis Infraestructuras Finance BV      
(Variable, 3.69% - EUR Swap Rate 5Y), 3.25%, 11/24/25(E) ρ ^ $100,000   $108,538
ABN AMRO Bank NV      
7.13%, 07/06/22(E) 540,000   607,998
Cooperatieve Rabobank UA      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.22%), 3.65%, 04/06/28 144A ^ 250,000   249,436
5.75%, 12/01/43 630,000   765,905
Dufry One BV      
2.00%, 02/15/27(E) 345,000   342,670
E.ON International Finance BV      
6.38%, 06/07/32(U) 155,000   264,344
Embraer Netherlands Finance BV      
5.40%, 02/01/27 130,000   132,354
Equate Petrochemical BV      
4.25%, 11/03/26 144A 380,000   385,937
IPD 3 BV      
5.50%, 12/01/25(E)  144A 560,000   621,101
5.50%, 12/01/25(E) Δ 417,000   462,499
Lincoln Financing S.a.r.l.      
3.63%, 04/01/24(E) 215,000   237,959
(Floating, 3.88% - Euribor 3M), 3.88%, 04/01/24(E) † 118,000   130,495
Maxeda DIY Holding BV      
5.88%, 10/01/26(E) Δ 200,000   214,734
Petrobras Global Finance BV      
6.25%, 03/17/24 780,000   818,750
6.88%, 01/20/40Δ 80,000   82,596
6.90%, 03/19/49 880,000   875,754
Prosus NV      
3.83%, 02/08/51 1,020,000   745,885
Repsol International Finance BV      
(Variable, EUR Swap Rate 10Y + 4.20%), 4.50%, 03/25/75(E) ^ 430,000   495,961
Summer BidCo BV      
Cash Coupon 9.00% or PIK 9.75%, 9.00%, 11/15/25(E) 446,767   493,941
Syngenta Finance NV      
4.44%, 04/24/23 144A 460,000   466,375
Telefonica Europe BV      
(Variable, EUR Swap Rate 8Y + 2.97%), 3.88%, 06/22/26(E) ρ ^ 200,000   223,844
Teva Pharmaceutical Finance Netherlands II BV      
4.50%, 03/01/25(E) Δ 250,000   279,439
1.88%, 03/31/27(E) 200,000   195,128
4.38%, 05/09/30(E) 100,000   103,142
Teva Pharmaceutical Finance Netherlands III BV      
4.75%, 05/09/27 200,000   192,240
4.10%, 10/01/46Δ 200,000   157,407
    Par   Value
Trivium Packaging Finance BV      
3.75%, 08/15/26(E) $250,000   $271,656
United Group BV      
3.13%, 02/15/26(E) 200,000   207,071
5.25%, 02/01/30(E)  144A 500,000   518,918
UPC Holding BV      
5.50%, 01/15/28 144A 310,000   306,809
3.88%, 06/15/29(E) 200,000   214,641
Volkswagen International Finance NV      
(Variable, 3.96% - EUR Swap Rate 9Y), 3.88%, 06/17/29(E) ρ ^ 200,000   218,346
VZ Secured Financing BV      
5.00%, 01/15/32 144A 1,370,000   1,283,039
WP/AP Telecom Holdings IV BV      
3.75%, 01/15/29(E)  144A 480,000   506,262
ZF Europe Finance BV      
3.00%, 10/23/29(E) Δ 500,000   496,394
        13,677,568
New Zealand — 1.3%    
New Zealand Government Bond      
3.50%, 04/14/33(Z) 10,755,000   7,638,494
Nigeria — 0.2%    
Nigeria Government International Bond      
7.14%, 02/23/30 144A 440,000   415,822
7.88%, 02/16/32 200,000   190,077
7.63%, 11/28/47 144A 940,000   784,928
        1,390,827
Norway — 0.2%    
Adevinta ASA      
3.00%, 11/15/27(E)  144A 540,000   580,045
3.00%, 11/15/27(E) 150,000   161,123
Aker BP ASA      
3.75%, 01/15/30 144A 150,000   146,988
4.00%, 01/15/31 144A 150,000   149,675
        1,037,831
Oman — 0.0%    
Oman Government International Bond      
6.75%, 01/17/48 200,000   200,367
Panama — 0.4%    
Panama Government International Bond      
3.75%, 03/16/25Δ 860,000   876,091
6.70%, 01/26/36Δ 202,000   249,483
4.50%, 04/01/56 1,140,000   1,118,431
        2,244,005
Paraguay — 0.0%    
Paraguay Government International Bond      
6.10%, 08/11/44 200,000   222,202
109
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Peru — 0.8%    
Peruvian Government International Bond      
2.39%, 01/23/26 $1,370,000   $1,331,900
1.25%, 03/11/33(E) Δ 200,000   191,581
1.95%, 11/17/36(E) 100,000   96,194
6.55%, 03/14/37 640,000   811,235
Petroleos del Peru SA      
5.63%, 06/19/47 144A 750,000   631,425
Transportadora de Gas del Peru SA      
4.25%, 04/30/28 144A 1,670,000   1,697,756
Volcan Cia Minera SAA, Class B      
4.38%, 02/11/26 144A 20,000   19,176
        4,779,267
Philippines — 0.0%    
Philippine Government International Bond      
1.75%, 04/28/41(E) 100,000   94,418
Poland — 0.3%    
Republic of Poland Government Bond      
2.75%, 04/25/28(P) 5,370,000   1,106,718
1.25%, 10/25/30(P) 3,060,000   539,246
        1,645,964
Qatar — 0.0%    
Qatar Government International Bond      
4.82%, 03/14/49 200,000   237,643
Romania — 0.4%    
RCS & RDS SA      
3.25%, 02/05/28(E) 200,000   203,278
Romanian Government International Bond      
3.62%, 05/26/30(E) 42,000   45,527
1.75%, 07/13/30(E) 41,000   38,499
2.00%, 04/14/33(E)  144A 560,000   499,700
2.00%, 04/14/33(E) 822,000   733,488
3.75%, 02/07/34(E) 88,000   91,090
3.88%, 10/29/35(E) 248,000   258,024
4.63%, 04/03/49(E) 100,000   108,900
3.38%, 01/28/50(E) 84,000   74,727
        2,053,233
Russia — 0.1%    
Russian Federal Bond - OFZ      
7.05%, 01/19/28(Q) 423,153,000   260,402
6.90%, 05/23/29(Q) 192,500,000   118,462
7.25%, 05/10/34(Q) 262,547,000   161,567
        540,431
Senegal — 0.0%    
Senegal Government International Bond      
4.75%, 03/13/28(E) Δ 100,000   107,755
    Par   Value
Serbia — 0.0%    
Serbia International Bond      
1.50%, 06/26/29(E) $190,000   $178,999
Slovakia — 0.0%    
Slovakia Government Bond      
0.38%, 04/21/36(E) 18,400   16,969
South Africa — 1.3%    
Republic of South Africa Government Bond      
6.25%, 03/31/36(S) 2,140,000   103,145
6.50%, 02/28/41(S) 56,596,000   2,595,573
Republic of South Africa Government International Bond      
4.88%, 04/14/26Δ 200,000   204,073
4.85%, 09/27/27Δ 200,000   201,500
4.85%, 09/30/29Δ 2,190,000   2,146,721
5.88%, 06/22/30Δ 200,000   209,800
5.75%, 09/30/49 2,420,000   2,120,549
        7,581,361
Spain — 0.5%    
Iberdrola Finanzas SA      
7.38%, 01/29/24(U) 100,000   143,248
Lorca Telecom Bondco SA      
4.00%, 09/18/27(E) 680,000   727,156
4.00%, 09/18/27(E)  144A 400,000   427,739
Spain Government Bond      
0.80%, 07/30/27(E)  144A 26,000   28,610
1.40%, 07/30/28(E)  144A 73,000   82,960
0.50%, 10/31/31(E)  144A 1,271,000   1,298,807
Tendam Brands SAU      
(Floating, 5.25% - Euribor 3M), 5.25%, 09/15/24(E) † 160,000   176,440
        2,884,960
Sri Lanka — 0.1%    
Sri Lanka Government International Bond      
6.85%, 11/03/25 200,000   99,274
6.75%, 04/18/28 500,000   238,300
        337,574
Supranational — 0.1%    
Banque Ouest Africaine de Developpement      
5.00%, 07/27/27 200,000   202,182
European Union      
0.00%, 07/06/26(E) 118,000   127,167
0.00%, 10/04/28(E) 46,000   48,174
0.00%, 04/22/31(E) 32,000   32,285
0.40%, 02/04/37(E) Δ 43,000   42,362
0.70%, 07/06/51(E) Δ 12,000   11,444
        463,614
 
110
    Par   Value
Sweden — 0.3%    
Intrum AB      
3.50%, 07/15/26(E) Δ $495,000   $526,499
Samhallsbyggnadsbolaget i Norden AB      
(Variable, 2.81% - EUR Swap Rate 5Y), 2.62%, 01/30/25(E) ρ ^ 321,000   304,249
Verisure Holding AB      
3.25%, 02/15/27(E) 200,000   208,390
Verisure Midholding AB      
5.25%, 02/15/29(E)  144A 240,000   245,772
5.25%, 02/15/29(E) 150,000   153,607
        1,438,517
Switzerland — 0.7%    
Cidron Aida Finco S.a.r.l.      
6.25%, 04/01/28(U)  144A 580,000   713,345
Credit Suisse Group AG      
(Variable, USD Swap 5Y + 4.60%), 7.50%, 07/17/23 144A ρ ^ 330,000   335,857
(Variable, EUR Swap Rate 1Y + 0.75%), 1.25%, 07/17/25(E) ^ 500,000   545,515
(Variable, U.S. SOFR + 1.73%), 3.09%, 05/14/32 144A ^ 335,000   302,680
UBS Group AG      
(Variable, USD Swap 5Y + 4.34%), 7.00%, 01/31/24 144A ρ ^ 1,420,000   1,482,487
(Variable, EUR Swap Rate 1Y + 0.75%), 1.25%, 04/17/25(E) ^ 400,000   444,700
        3,824,584
Turkey — 0.4%    
Turkey Government International Bond      
6.00%, 03/25/27 1,570,000   1,464,182
4.88%, 04/16/43 500,000   357,220
Turkiye Ihracat Kredi Bankasi AS      
5.38%, 10/24/23 200,000   197,482
        2,018,884
Ukraine — 0.1%    
Ukraine Government International Bond      
7.75%, 09/01/25 100,000   43,804
6.75%, 06/20/26(E) 200,000   93,353
9.75%, 11/01/28 250,000   108,402
0.00%, 05/31/401 100,000   33,132
        278,691
United Arab Emirates — 0.4%    
Abu Dhabi Crude Oil Pipeline LLC      
4.60%, 11/02/47 200,000   212,382
DP World Crescent, Ltd.      
3.88%, 07/18/29 200,000   201,310
DP World, Ltd.      
5.63%, 09/25/48 144A 970,000   1,052,744
    Par   Value
5.63%, 09/25/48 $600,000   $651,182
        2,117,618
United Kingdom — 2.3%    
Anglo American Capital PLC      
4.75%, 04/10/27 144A 200,000   207,779
3.38%, 03/11/29(U) 250,000   329,167
2.88%, 03/17/31 144A Δ 200,000   184,627
Antofagasta PLC      
2.38%, 10/14/30 144A Δ 300,000   266,098
Aviva PLC      
(Variable, UK Gilts 5Y + 2.40%), 6.13%, 09/29/22(U) ρ Δ ^ 490,000   651,413
Barclays Bank PLC      
7.63%, 11/21/22 291,000   298,374
Barclays PLC      
(Variable, EUR Swap Rate 1Y + 0.78%), 1.38%, 01/24/26(E) ^ 300,000   331,596
(Variable, U.S. SOFR + 2.71%), 2.85%, 05/07/26^ 380,000   369,375
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.05%), 2.28%, 11/24/27^ 235,000   218,522
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.41%), 4.38%, 03/15/28ρ ^ 200,000   176,650
BCP V Modular Services Finance II PLC      
4.75%, 11/30/28(E) 100,000   106,241
Bellis Acquisition Co. PLC      
4.50%, 02/16/26(U)  144A 260,000   328,235
Bellis Finco PLC      
4.00%, 02/16/27(U) Δ 213,000   249,215
Constellation Automotive Financing PLC      
4.88%, 07/15/27(U) Δ 100,000   120,363
eG Global Finance PLC      
4.38%, 02/07/25(E) Δ 440,000   474,825
Energia Group NI FinanceCo PLC      
4.00%, 09/15/25(E) 100,000   106,185
HSBC Holdings PLC      
(Variable, USD ICE Swap Rate 5Y + 4.37%), 6.38%, 03/30/25ρ Δ ^ 400,000   414,418
(Variable, USD ICE Swap Rate 5Y + 3.75%), 6.00%, 05/22/27ρ ^ 400,000   408,000
(Variable, U.S. SOFR + 2.53%), 4.76%, 03/29/33Δ ^ 200,000   205,758
Iceland Bondco PLC      
4.63%, 03/15/25(U) 230,000   271,404
INEOS Finance PLC      
3.38%, 03/31/26(E) 200,000   217,383
2.88%, 05/01/26(E) Δ 250,000   264,158
INEOS Quattro Finance 1 PLC      
3.75%, 07/15/26(E)  144A 110,000   114,742
3.75%, 07/15/26(E) 100,000   104,311
111
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Jaguar Land Rover Automotive PLC      
5.88%, 11/15/24(E) $100,000   $112,842
4.50%, 01/15/26(E) 145,000   154,967
Lloyds Banking Group PLC      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.10%), 1.33%, 06/15/23^ 310,000   309,259
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 1.60%), 3.51%, 03/18/26Δ ^ 390,000   388,364
National Express Group PLC      
(Variable, UK Gilts 5Y + 4.14%), 4.25%, 11/26/25(U) ρ ^ 200,000   257,640
National Grid Electricity Transmission PLC      
0.19%, 01/20/25(E) 154,000   166,689
NatWest Group PLC      
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 0.90%), 1.64%, 06/14/27^ 200,000   183,113
(Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 2.55%), 3.07%, 05/22/28^ 545,000   523,793
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.35%), 3.03%, 11/28/35^ 200,000   177,712
NGG Finance PLC      
(Variable, GBP Swap Rate 12Y + 3.48%), 5.63%, 06/18/73(U) ^ 296,000   397,863
Pinnacle Bidco PLC      
6.38%, 02/15/25(U) 310,000   407,741
Premier Foods Finance PLC      
3.50%, 06/15/23(U) 100,000   122,596
Santander UK Group Holdings PLC      
(Variable, GBP Swap Rate 5Y + 5.54%), 7.38%, 06/24/22(U) ρ ^ 820,000   1,090,394
SSE PLC      
1.75%, 04/16/30(E) Δ 350,000   384,367
Tesco Property Finance 6 PLC      
5.41%, 07/13/44(U) 379,250   576,000
United Kingdom Gilt      
4.50%, 09/07/34(U) 220,000   377,785
Virgin Media Secured Finance PLC      
4.25%, 01/15/30(U) Δ 600,000   725,620
Vodafone Group PLC      
5.25%, 05/30/48 190,000   213,455
        12,989,039
Total Foreign Bonds
(Cost $267,867,595) 		  238,431,137
LOAN AGREEMENTS — 2.1%
Allied Universal Holdco LLC Initial U.S. Dollar Term Loan      
(Floating, ICE LIBOR USD 1M + 3.75%), 4.25%, 05/12/28† 491,281   484,393
Apollo Commercial Real Estate Finance, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 2.75%), 3.21%, 05/15/26† 493,654   485,632
    Par   Value
Asurion LLC New B-7 Term Loan      
(Floating, ICE LIBOR USD 1M + 3.00%), 3.46%, 11/03/24† $516,582   $510,678
Asurion LLC New B-9 Term Loan      
0.00%, 07/31/27Σ 797,990   783,028
Brookfield WEC Holdings, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 2.75%), 3.25%, 08/01/25† 85,436   84,061
Charter Communications Operating LLC Term B-2 Loan      
(Floating, ICE LIBOR USD 1M + 1.75%, 0.75% Floor), 2.21%, 02/01/27† 493,671   490,210
CTEC III GmbH Facility B      
0.00%, 03/16/29Σ 430,000   472,205
CWGS Group LLC Term Loan      
(Floating, ICE LIBOR USD 1M + 2.50%), 3.25%, 06/03/28† 137,870   132,959
Energizer Holdings, Inc. 2020 Term Loan      
(Floating, ICE LIBOR USD 1M + 2.25%), 2.75%, 12/22/27† 888,750   875,419
Entercom Media Corporation Term B-2 Loan      
(Floating, ICE LIBOR USD 1M + 2.50%), 2.95%, 11/18/24† 150,083   147,888
Focus Financial Partners LLC Tranche B-3 Term Loan      
(Floating, ICE LIBOR USD 1M + 2.00%), 2.46%, 07/03/24† 273,620   270,315
Froneri International Limited Facility B1      
(Floating, ICE EURIBOR USD 6M + 2.38%), 2.38%, 01/29/27† 380,000   406,128
Garda World Security Corporation Term B-2 Loan      
(Floating, ICE LIBOR USD 1M + 4.25%, 1.00% Floor), 4.71%, 10/30/26† 405,369   401,461
Genesee & Wyoming, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 3M + 2.00%), 3.01%, 12/30/26† 176,850   175,165
Global Medical Response, Inc. 2021 Refinancing Term Loan      
(Floating, ICE LIBOR USD 3M + 4.25%), 5.25%, 10/02/25† 354,487   352,660
INEOS Styrolution Group GmbH 2026 Tranche B Euro Term Loan      
(Floating, ICE EURIBOR USD 1M + 2.75%, 0.50% Floor), 2.75%, 01/29/26† 450,000   483,782
IU Finance Management GmbH Facility B      
(Floating, ICE EURIBOR USD 3M + 5.00%, 0.50% Floor), 5.00%, 12/08/28† 690,000   761,526
 
112
    Par   Value
Lakeshore Learning Materials LLC Initial Term Loan      
(Floating, ICE LIBOR USD 3M + 3.50%), 4.00%, 09/29/28† $798,000   $785,364
Level 3 Financing, Inc. Tranche B 2027 Term Loan      
(Floating, ICE LIBOR USD 1M + 1.75%), 2.21%, 03/01/27† 574,212   564,298
Mister Car Wash Holdings, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 3.00%), 3.46%, 05/14/26† 119,989   118,683
Nexstar Media, Inc. Term B-4 Loan      
(Floating, ICE LIBOR USD 1M + 2.50%, 0.75% Floor), 2.73%, 09/18/26† 103,529   103,261
Prime Security Services Borrower LLC 2021 Refinancing Term B-1 Loan      
(Floating, ICE LIBOR USD 3M + 2.75%), 3.50%, 09/23/26† 402,825   400,476
Sedgwick Claims Management Services, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 3.25%), 3.71%, 12/31/25† 254,106   251,928
TransDigm, Inc. Tranche F Refinancing Term Loan      
(Floating, ICE LIBOR USD 1M + 2.25%, 0.75% Floor), 2.71%, 12/09/25† 795,929   783,616
U.S. Renal Care, Inc. Initial Term Loan      
(Floating, ICE LIBOR USD 1M + 5.00%, 0.75% Floor), 5.50%, 06/26/26† 296,962   273,948
UFC Holdings LLC Term B-3 Loan      
(Floating, ICE LIBOR USD 3M + 2.75%), 3.50%, 04/29/26† 108,547   107,626
Univision Communications, Inc. 2021 Replacement First-Lien Term Loan      
(Floating, ICE LIBOR USD 1M + 3.25%, 0.50% Floor), 4.00%, 03/15/26† 528,547   526,346
Whatabrands LLC Initial Term B Loan      
(Floating, ICE LIBOR USD 1M + 3.25%), 3.75%, 08/03/28† 508,725   503,269
Total Loan Agreements
(Cost $11,951,452) 		    11,736,325
MORTGAGE-BACKED SECURITIES — 5.6%
BANK, Series 2018-BNK15, Class B      
4.66%, 11/15/61† γ 260,000   267,806
BANK, Series 2021-BN35, Class AS      
2.46%, 06/15/64 85,000   78,402
BINOM Securitization Trust, Series 2022-RPL1, Class M1      
3.00%, 02/25/61 144A † γ 100,000   95,614
BPR Trust, Series 2021-NRD, Class B      
(Floating, CME Term SOFR 1M + 2.12%, 2.12% Floor), 2.43%, 12/15/23 144A † 25,000   24,684
    Par   Value
BPR Trust, Series 2021-NRD, Class C      
(Floating, CME Term SOFR 1M + 2.42%, 2.42% Floor), 2.73%, 12/15/23 144A † $25,000   $24,683
BPR Trust, Series 2021-NRD, Class D      
(Floating, CME Term SOFR 1M + 3.72%, 3.72% Floor), 4.03%, 12/15/23 144A † 15,000   14,802
CAFL Issuer LLC, Series 2021-RTL1, Class A1      
(Step to 4.24% on 04/30/25), 2.24%, 03/28/29 144A  STEP 105,000   101,202
CIM Trust, Series 2021-NR2, Class A1      
(Step to 5.57% on 04/25/24), 2.57%, 07/25/59 144A  STEP 110,009   106,741
COMM Mortgage Trust, Series 2012-CR3, Class AM      
3.42%, 10/15/45 144A 20,000   19,914
COMM Mortgage Trust, Series 2012-LC4, Class B      
4.93%, 12/10/44 19,298   19,273
Connecticut Avenue Securities Trust, Series 2019-R07, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.10%), 2.56%, 10/25/39 144A † 109,069   109,114
Connecticut Avenue Securities Trust, Series 2020-R01, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.05%, 2.05% Floor), 2.51%, 01/25/40 144A † 229,972   229,882
Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B1      
(Floating, U.S. 30-Day Average SOFR + 3.10%), 3.20%, 10/25/41 144A † 790,000   729,762
Connecticut Avenue Securities Trust, Series 2021-R03, Class 1M2      
(Floating, U.S. 30-Day Average SOFR + 1.65%, 1.65% Floor), 1.75%, 12/25/41 144A † 424,000   401,924
Connecticut Avenue Securities Trust, Series 2022-R01, Class 1M2      
(Floating, U.S. 30-Day Average SOFR + 1.90%), 2.00%, 12/25/41 144A † 381,000   363,887
Connecticut Avenue Securities Trust, Series 2022-R03, Class 1M2      
(Floating, U.S. 30-Day Average SOFR + 3.50%), 3.60%, 03/25/42 144A † 365,000   369,141
CSMC OA LLC, Series 2014-USA, Class F      
4.37%, 09/15/37 144A 1,610,000   1,205,161
CSMC Trust, Series 2021-RPL1, Class A1      
1.67%, 09/27/60 144A † γ 78,154   75,377
CSMC Trust, Series 2021-RPL3, Class M2      
3.75%, 01/25/60 144A 100,000   98,873
113
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
CSMC Trust, Series 2021-RPL4, Class A1      
1.80%, 12/27/60 144A † γ $127,577   $121,984
CSMC, Series 2019-RIO, Class B      
(Floating, ICE LIBOR USD 1M + 7.00%, 8.00% Floor), 8.00%, 12/15/22 144A † 1,120,000   1,092,989
Fannie Mae Connecticut Avenue Securities, Series 2017-C04, Class 2M2      
(Floating, ICE LIBOR USD 1M + 2.85%), 3.31%, 11/25/29† 380,773   387,633
Fannie Mae Connecticut Avenue Securities, Series 2017-C06, Class 2M2      
(Floating, ICE LIBOR USD 1M + 2.80%, 2.80% Floor), 3.26%, 02/25/30† 466,002   474,675
Fannie Mae Connecticut Avenue Securities, Series 2018-C01, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.25%, 2.25% Floor), 2.71%, 07/25/30† 1,670,314   1,684,465
Fannie Mae Connecticut Avenue Securities, Series 2018-C04, Class 2M2      
(Floating, ICE LIBOR USD 1M + 2.55%, 2.55% Floor), 3.01%, 12/25/30† 1,177,214   1,189,035
Fannie Mae Connecticut Avenue Securities, Series 2018-C05, Class 1B1      
(Floating, ICE LIBOR USD 1M + 4.25%, 4.25% Floor), 4.71%, 01/25/31† 270,000   271,428
Fannie Mae Connecticut Avenue Securities, Series 2018-C06, Class 1M2      
(Floating, ICE LIBOR USD 1M + 2.00%, 2.00% Floor), 2.46%, 03/25/31† 673,216   673,201
Federal Home Loan Mortgage Corporation      
3.00%, 03/01/50 77,080   75,956
3.50%, 04/01/50 58,467   58,810
3.00%, 07/01/50 78,855   77,466
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA1, Class B1      
(Floating, ICE LIBOR USD 1M + 2.30%), 2.76%, 01/25/50 144A † 770,000   737,022
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA2, Class M2      
(Floating, ICE LIBOR USD 1M + 1.85%), 2.31%, 02/25/50 144A † 424,685   423,953
    Par   Value
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2020-DNA6, Class M2      
(Floating, U.S. 30-Day Average SOFR + 2.00%), 2.10%, 12/25/50 144A † $310,000   $306,366
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2021-DNA3, Class B1      
(Floating, U.S. 30-Day Average SOFR + 3.50%), 3.60%, 10/25/33 144A † 610,000   573,202
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-HQA1, Class M1B      
(Floating, U.S. 30-Day Average SOFR + 3.50%), 3.55%, 03/25/42 144A † 106,000   108,059
Federal Home Loan Mortgage Corporation STACR Trust, Series 2018-HQA2, Class M2      
(Floating, ICE LIBOR USD 1M + 2.30%), 2.76%, 10/25/48 144A † 1,110,000   1,108,660
Federal National Mortgage Association      
3.00%, 08/01/46 85,388   84,866
3.00%, 12/01/47 277,808   275,242
3.50%, 08/01/49 132,162   132,626
4.00%, 08/01/49 123,831   126,536
3.50%, 09/01/49 226,098   227,402
4.00%, 10/01/49 181,725   185,848
3.00%, 03/01/50 142,892   140,442
3.00%, 05/01/50 154,565   151,646
3.50%, 06/01/50 42,353   42,503
3.00%, 07/01/50 44,297   43,457
FHLMC Structured Agency Credit Risk Debt Notes, Series 2017-DNA1, Class B1      
(Floating, ICE LIBOR USD 1M + 4.95%), 5.41%, 07/25/29† 760,000   814,742
FHLMC Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1B      
(Floating, U.S. 30-Day Average SOFR + 2.40%), 2.50%, 02/25/42 144A † 589,000   574,993
GCAT Trust, Series 2019-RPL1, Class A1      
2.65%, 10/25/68 144A 52,873   52,038
Government National Mortgage Association      
4.50%, 08/20/48 83,477   86,679
2.50%, 04/01/52 TBA 575,000   557,728
3.00%, 04/01/52 TBA 1,210,000   1,195,962
 
114
    Par   Value
GS Mortgage Securities Corporation II, Series 2018-SRP5, Class C      
(Floating, ICE LIBOR USD 1M + 4.00%, 3.75% Floor), 4.40%, 09/15/31 144A † $1,493,418   $482,831
GS Mortgage Securities Trust, Series 2014-GC18, Class AS      
4.38%, 01/10/47 45,000   44,122
GS Mortgage Securities Trust, Series 2014-GC18, Class B      
4.89%, 01/10/47 25,000   23,347
Hawaii Hotel Trust, Series 2019-MAUI, Class F      
(Floating, ICE LIBOR USD 1M + 2.75%, 2.75% Floor), 3.15%, 05/15/38 144A † 780,000   761,320
Hilton U.S.A. Trust, Series 2016-HHV, Class D      
4.19%, 11/05/38 144A † γ 540,000   522,557
Impac Secured Assets Trust, Series 2006-2, Class 2M3      
(Floating, ICE LIBOR USD 1M + 1.65%, 1.65% Floor, 11.50% Cap), 2.11%, 08/25/36† 155,402   155,619
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2007-LD12, Class AJ      
6.22%, 02/15/51† γ 2,413   2,194
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-PHMZ, Class M      
(Floating, ICE LIBOR USD 1M + 8.36%, 8.21% Floor), 8.75%, 06/15/35 144A † 1,500,000   30,037
Legacy Mortgage Asset Trust, Series 2020-RPL1, Class A2      
3.25%, 09/25/59 144A 120,000   115,679
PMT Credit Risk Transfer Trust, Series 2021-1R, Class A      
(Floating, ICE LIBOR USD 1M + 2.90%, 2.90% Floor), 3.36%, 02/27/24 144A † 117,002   117,693
PRPM LLC, Series 2021-1, Class A1      
2.12%, 01/25/26 144A † γ 97,302   93,845
PRPM LLC, Series 2021-5, Class A1      
(Step to 4.79% on 07/25/24), 1.79%, 06/25/26 144A  STEP 91,205   86,852
Radnor RE, Ltd., Series 2021-1, Class M1C      
(Floating, U.S. 30-Day Average SOFR + 2.70%, 2.70% Floor), 2.80%, 12/27/33 144A † 790,000   745,238
RBS Commercial Funding, Inc. Trust, Series 2013-GSP, Class A      
3.83%, 01/15/32 144A † γ 100,000   100,365
Seasoned Credit Risk Transfer Trust, Series 2017-2, Class M1      
4.00%, 08/25/56 144A 440,000   438,537
Seasoned Credit Risk Transfer Trust, Series 2017-2, Class M2      
4.00%, 08/25/56 144A 570,000   549,890
    Par   Value
Seasoned Credit Risk Transfer Trust, Series 2020-2, Class M      
4.25%, 11/25/59 144A $1,170,000   $1,113,636
SFO Commercial Mortgage Trust, Series 2021-555, Class D      
(Floating, ICE LIBOR USD 1M + 2.40%, 2.40% Floor), 2.80%, 05/15/38 144A † 760,000   740,195
Toorak Mortgage Corporation, Ltd., Series 2021-1, Class A1      
(Step to 3.24% on 01/25/24), 2.24%, 06/25/24 144A  STEP 100,000   95,066
Towd Point Mortgage Trust, Series 2019-4, Class A1      
2.90%, 10/25/59 144A 72,998   71,801
UBS Commercial Mortgage Trust, Series 2017-C3, Class C      
4.30%, 08/15/50† γ 410,000   387,235
UBS Commercial Mortgage Trust, Series 2018-C13, Class B      
4.79%, 10/15/51 270,000   274,534
UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class BEC      
4.88%, 05/10/63 144A † γ 123,000   120,616
Uniform Mortgage Backed Securities      
2.50%, 04/01/51 TBA 3,265,000   3,115,269
3.00%, 04/01/52 TBA 1,950,000   1,907,648
3.50%, 04/01/52 TBA 1,100,000   1,102,234
4.00%, 04/01/52 TBA 365,000   372,642
Wells Fargo Commercial Mortgage Trust, Series 2013-LC12, Class B      
4.31%, 07/15/46† γ 25,000   24,043
Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class B      
3.67%, 11/15/59 25,000   22,924
WFRBS Commercial Mortgage Trust, Series 2012-C7, Class AS      
4.09%, 06/15/45 45,000   44,917
WFRBS Commercial Mortgage Trust, Series 2012-C7, Class C      
4.78%, 06/15/45 40,000   31,214
WFRBS Commercial Mortgage Trust, Series 2013-C15, Class B      
4.51%, 08/15/46† γ 35,000   33,915
WFRBS Commercial Mortgage Trust, Series 2014-C20, Class B      
4.38%, 05/15/47 35,000   34,145
Total Mortgage-Backed Securities
(Cost $35,609,961) 		    32,156,016
U.S. TREASURY OBLIGATIONS — 21.2%
U.S. Treasury Bonds        
3.50%, 02/15/39 3,540,000   4,059,246
4.25%, 05/15/39 30,000   37,598
3.88%, 08/15/40 20,000   23,906
1.75%, 08/15/41 1,321,000   1,145,761
2.00%, 11/15/41 40,000   36,206
2.75%, 08/15/42 90,000   91,603
2.88%, 05/15/43Δ 2,045,000   2,119,091
115
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
3.00%, 05/15/45 $30,000   $31,903
3.00%, 11/15/45 660,000   704,589
2.50%, 05/15/46 590,000   578,672
2.25%, 08/15/46Δ 690,000   646,066
2.88%, 11/15/46 1,520,000   1,599,681
3.00%, 05/15/47 60,000   64,846
2.75%, 08/15/47 90,000   93,357
3.13%, 05/15/48 40,000   44,700
3.38%, 11/15/48 770,000   902,434
1.25%, 05/15/50 50,000   37,356
1.38%, 08/15/50 3,730,000   2,875,014
2.38%, 05/15/51 870,000   853,569
2.00%, 08/15/51 3,906,600   3,525,707
2.25%, 02/15/52 341,000   327,147
        19,798,452
U.S. Treasury Notes        
1.63%, 08/15/22 12,130,000   12,164,344
1.38%, 10/15/22 5,859,000   5,866,252
0.13%, 12/31/22 2,310,000   2,287,707
0.13%, 02/28/23 1,795,000   1,770,960
0.13%, 06/30/23 615,000   601,270
2.88%, 09/30/23 2,010,000   2,032,809
2.88%, 10/31/23 2,975,000   3,007,365
0.50%, 11/30/23 610,000   592,999
0.88%, 01/31/24Δ 608,000   592,610
2.75%, 02/15/24Δ 5,655,000   5,699,732
1.50%, 02/29/24Δ 555,000   546,957
2.38%, 02/29/24 10,000   10,013
1.50%, 10/31/24 570,000   556,217
2.25%, 11/15/24 20,520,000   20,396,559
1.50%, 02/15/25 2,556,000   2,484,711
2.00%, 02/15/25 70,000   69,033
2.88%, 05/31/25 315,000   318,285
0.38%, 11/30/25 26,242,000   24,266,162
1.63%, 02/15/26 6,460,000   6,246,139
1.63%, 05/15/26 340,000   328,140
2.00%, 11/15/26 870,000   851,173
1.25%, 11/30/26 200,000   189,254
1.88%, 02/28/27Δ 923,000   898,411
0.88%, 11/15/30 8,550,000   7,573,430
1.25%, 08/15/31 730,000   663,787
1.38%, 11/15/31 550,000   504,797
1.88%, 02/15/32 799,000   767,414
        101,286,530
Total U.S. Treasury Obligations
(Cost $125,479,845) 		    121,084,982
    
    Shares  
COMMON STOCKS — 0.3%
Communication Services — 0.2%  
Altice U.S.A., Inc. Class A* 13,414 167,407
Comcast Corporation Class A 471 22,052
T-Mobile US, Inc.* 5,206 668,190
      857,649
Consumer Discretionary — 0.0%  
Home Depot, Inc. (The) 43 12,871
    Shares   Value
Starbucks Corporation 157   $14,282
        27,153
Consumer Staples — 0.0%    
Coca-Cola Co. (The) 309   19,158
Procter & Gamble Co. (The) 170   25,976
Walmart, Inc. 163   24,274
        69,408
Energy — 0.0%    
Berry Corporation 2,492   25,717
Pioneer Natural Resources Co. 60   15,002
Williams Cos., Inc. (The) 419   13,999
        54,718
Financials — 0.0%    
BlackRock, Inc. 31   23,689
Morgan Stanley 184   16,082
        39,771
Health Care — 0.0%    
Abbott Laboratories 114   13,493
Anthem, Inc. 26   12,772
UnitedHealth Group, Inc. 19   9,689
        35,954
Industrials — 0.0%    
Cummins, Inc. 73   14,973
Deere & Co. 37   15,372
L3Harris Technologies, Inc. 12   2,981
Lockheed Martin Corporation 50   22,070
Union Pacific Corporation 80   21,857
United Parcel Service, Inc. Class B 91   19,516
        96,769
Information Technology — 0.1%    
Apple, Inc. 117   20,429
Automatic Data Processing, Inc. 41   9,329
Broadcom, Inc. 20   12,594
Cisco Systems, Inc. 342   19,070
Corning, Inc. 3,787   139,778
Microchip Technology, Inc. 172   12,924
Microsoft Corporation 63   19,424
Texas Instruments, Inc. 35   6,422
        239,970
Materials — 0.0%    
Newmont Corporation 286   22,723
Real Estate — 0.0%    
American Tower Corporation REIT 82   20,600
Utilities — 0.0%    
Duke Energy Corporation 187   20,881
NextEra Energy, Inc. 261   22,109
        42,990
Total Common Stocks
(Cost $1,457,968) 		    1,507,705
FOREIGN COMMON STOCKS — 0.0%
Ireland — 0.0%    
Accenture PLC Class A 53   17,873
 
116
    Shares   Value
Jersey — 0.0%    
Clarivate PLCΔ * 59   $989
Total Foreign Common Stocks
(Cost $15,843) 		    18,862
PREFERRED STOCKS — 0.1%
Bank of America Corporation      
7.25%  CONV 387   507,938
El Paso Energy Capital Trust I      
4.75%, 03/31/28 CONV 2,799   139,390
Wells Fargo & Co.      
7.50%  CONV 69   91,425
Total Preferred Stocks
(Cost $592,008) 		    738,753
FOREIGN PREFERRED STOCK — 0.0%
Jersey — 0.0%    
Clarivate PLC      
5.25%, 06/01/24 CONV
(Cost $128,000) 		1,280   86,874
    Shares   Value
MONEY MARKET FUNDS — 11.4%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø ∞ 		32,371,904   $32,371,904
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%Ø § 32,455,000   32,455,000
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 2,631   2,631
Total Money Market Funds
(Cost $64,829,535) 		    64,829,535
TOTAL INVESTMENTS  —105.5%
(Cost $644,044,637) 		    602,641,921
Liabilities in Excess of Other
Assets — (5.5)% 		    (31,198,962)
NET ASSETS — 100.0%     $571,442,959
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
30-Year Euro Buxl   06/2022   19   $3,913,691   $(286,977)
Euro-Bobl   06/2022   (68)   (9,693,494)   250,890
Euro-BTP Italian Government Bond   06/2022   (1)   (153,005)   6,204
Euro-Bund   06/2022   (1)   (175,518)   2,422
Euro-Schatz   06/2022   46   5,635,027   (49,760)
10-Year Japanese E-Mini   06/2022   165   20,318,014   (117,199)
10-Year Commonwealth Treasury Bond   06/2022   42   3,983,356   (67,958)
3-Year Commonwealth Treasury Bond   06/2022   171   14,061,217   (223,207)
10-Year U.S. Treasury Note   06/2022   62   7,618,250   (193,539)
U.S. Treasury Long Bond   06/2022   14   2,100,876   (70,625)
Ultra 10-Year U.S. Treasury Note   06/2022   (84)   (11,379,375)   276,493
Ultra Long U.S. Treasury Bond   06/2022   (25)   (4,428,125)   225,609
Ultra Long U.S. Treasury Bond   06/2022   1   177,125   (8,406)
Long GILT   06/2022   29   4,618,360   (39,607)
10-Year Bond   06/2022   16   1,670,967   (65,050)
2-Year U.S. Treasury Note   06/2022   5   1,059,610   (8,422)
5-Year U.S. Treasury Note   06/2022   (258)   (29,589,375)   818,358
5-Year U.S. Treasury Note   06/2022   70   8,028,125   (292,313)
3-Month Euribor   12/2022   3   827,364   (4,202)
90-Day Eurodollar   12/2022   312   75,925,200   (1,291,875)
90-Day Eurodollar   12/2023   146   35,394,050   (870,525)
Total Futures Contracts outstanding at March 31, 2022           $129,912,340   $(2,009,689)
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
04/20/22   U.S. Dollars   250,237,664   Euro   220,175,015   SS   $6,525,490
04/19/22   Russian Rubles   498,243,000   U.S. Dollars   4,678,338   GSC   1,253,620
117
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
04/20/22   U.S. Dollars   20,425,063   British Pounds   15,076,190   SS   $622,746
04/20/22   U.S. Dollars   12,472,761   Japanese Yen   1,442,117,948   SS   622,228
04/19/22   U.S. Dollars   6,464,308   Russian Rubles   498,243,000   GSC   532,350
04/20/22   U.S. Dollars   18,338,787   Euro   16,136,758   CITI   476,977
04/20/22   U.S. Dollars   17,573,381   Euro   15,528,173   UBS   385,215
04/20/22   Australian Dollars   12,888,494   U.S. Dollars   9,272,838   SS   373,917
04/20/22   U.S. Dollars   4,547,902   Japanese Yen   525,590,556   BNP   228,888
04/20/22   Brazilian Reals   5,988,894   U.S. Dollars   1,025,203   CITI   225,765
04/19/22   U.S. Dollars   22,178,322   Euro   19,853,000   CITI   203,643
04/19/22   U.S. Dollars   4,018,400   Taiwan Dollars   110,204,629   CITI   168,911
04/20/22   U.S. Dollars   4,362,689   Swedish Kronor   39,552,963   SC   154,480
04/20/22   Australian Dollars   4,662,865   U.S. Dollars   3,340,010   CITI   150,042
04/20/22   New Zealand Dollars   8,622,392   U.S. Dollars   5,826,175   SS   147,735
04/20/22   U.S. Dollars   7,593,364   Euro   6,740,544   SC   132,242
04/20/22   U.S. Dollars   4,861,334   Euro   4,280,587   RBC   123,143
04/20/22   U.S. Dollars   2,277,093   Japanese Yen   262,455,679   SC   120,376
04/20/22   Canadian Dollars   10,645,526   U.S. Dollars   8,397,557   SC   116,974
04/19/22   Canadian Dollars   9,608,964   U.S. Dollars   7,573,658   CITI   111,848
04/20/22   U.S. Dollars   2,154,606   Swedish Kronor   19,532,304   BNP   76,481
04/20/22   U.S. Dollars   3,603,979   Czech Republic Koruna   78,045,422   BNP   75,607
04/19/22   Australian Dollars   2,363,635   U.S. Dollars   1,694,717   CITI   74,391
04/20/22   U.S. Dollars   2,215,885   Japanese Yen   261,012,595   UBS   71,028
04/20/22   U.S. Dollars   2,102,309   British Pounds   1,550,589   BNP   65,637
04/20/22   South African Rand   17,242,856   U.S. Dollars   1,113,491   SC   63,505
04/20/22   U.S. Dollars   758,576   Russian Rubles   58,857,945   GSC   59,073
04/19/22   Mexican Pesos   24,039,298   U.S. Dollars   1,146,858   CITI   57,734
04/20/22   Chilean Pesos   675,805,515   U.S. Dollars   799,505   SC   56,312
04/20/22   Russian Rubles   19,853,976   U.S. Dollars   183,683   GSC   52,273
04/20/22   U.S. Dollars   1,123,745   Hungarian Forint   357,006,919   SC   51,699
04/20/22   U.S. Dollars   1,630,375   British Pounds   1,202,559   RBC   50,835
04/20/22   U.S. Dollars   9,587,085   Swiss Francs   8,807,463   SC   49,271
04/20/22   Russian Rubles   13,088,400   U.S. Dollars   109,070   SC   46,480
04/20/22   U.S. Dollars   1,492,868   British Pounds   1,101,966   CITI   45,455
04/20/22   Brazilian Reals   3,463,589   U.S. Dollars   678,802   SC   44,676
04/20/22   Russian Rubles   18,446,461   U.S. Dollars   175,681   UBS   43,548
04/20/22   New Zealand Dollars   2,498,746   U.S. Dollars   1,687,803   BNP   43,420
04/20/22   U.S. Dollars   1,051,115   Polish Zloty   4,248,028   SS   42,024
04/20/22   U.S. Dollars   2,139,930   Euro   1,896,189   BNP   41,035
04/20/22   Hungarian Forint   268,872,619   U.S. Dollars   (767,331)   SC   40,060
04/20/22   New Zealand Dollars   2,336,944   U.S. Dollars   1,580,910   UBS   38,211
04/20/22   Norwegian Kroner   43,623,989   U.S. Dollars   4,916,418   RBC   37,431
04/20/22   U.S. Dollars   771,399   Polish Zloty   3,098,585   CITI   35,351
04/20/22   Swedish Kronor   9,006,740   U.S. Dollars   923,671   BNP   34,595
04/20/22   Australian Dollars   1,074,678   U.S. Dollars   770,873   BNP   33,500
04/20/22   U.S. Dollars   6,110,377   Swiss Francs   5,612,131   RBC   32,866
04/20/22   Euro   2,919,004   U.S. Dollars   3,200,686   SC   30,366
04/20/22   U.S. Dollars   734,320   Hungarian Forint   234,839,935   UBS   29,126
04/20/22   Norwegian Kroner   23,136,203   U.S. Dollars   2,599,105   SC   28,195
04/20/22   U.S. Dollars   798,875   British Pounds   586,843   UBS   28,067
04/20/22   Mexican Pesos   14,586,001   U.S. Dollars   703,519   BNP   27,247
04/20/22   U.S. Dollars   782,021   Euro   682,469   GSC   26,594
04/20/22   U.S. Dollars   1,161,932   British Pounds   864,721   SC   26,136
04/20/22   U.S. Dollars   271,024   Russian Rubles   20,871,183   BNP   22,978
04/19/22   Brazilian Reals   593,000   U.S. Dollars   101,995   CITI   21,905
04/20/22   Chinese Yuan   13,790,367   U.S. Dollars   2,147,597   SC   21,899
04/20/22   New Zealand Dollars   1,191,284   U.S. Dollars   803,654   CITI   21,712
118
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
04/20/22   Mexican Pesos   11,128,938   U.S. Dollars   535,927   RBC   $21,638
04/20/22   Canadian Dollars   1,485,128   U.S. Dollars   1,167,576   UBS   20,263
04/20/22   Euro   2,132,370   U.S. Dollars   2,341,120   SS   19,205
04/20/22   Turkish Lira   11,918,698   U.S. Dollars   780,236   SS   19,063
04/19/22   Chinese Offshore Yuan   37,511,000   U.S. Dollars   5,878,050   CITI   17,190
04/20/22   South African Rand   6,463,652   U.S. Dollars   424,687   BNP   16,521
04/20/22   Polish Zloty   1,393,020   U.S. Dollars   314,982   SS   15,921
07/19/22   U.S. Dollars   3,886,192   Taiwan Dollars   110,204,629   CITI   15,760
04/19/22   U.S. Dollars   3,960,376   Brazilian Reals   18,883,863   GSC   14,800
04/20/22   Norwegian Kroner   14,916,230   U.S. Dollars   1,680,134   CITI   13,722
04/19/22   Euro   788,242   Polish Zloty   3,620,000   CITI   12,492
04/20/22   U.S. Dollars   2,310,245   Swiss Francs   2,121,903   UBS   12,384
04/20/22   U.S. Dollars   388,886   Russian Rubles   31,844,495   SS   10,427
04/20/22   Czech Republic Koruna   6,851,384   U.S. Dollars   299,558   SS   10,188
04/20/22   Canadian Dollars   786,021   U.S. Dollars   619,988   CITI   8,689
04/20/22   Norwegian Kroner   6,858,999   U.S. Dollars   771,697   SS   7,196
04/20/22   Mexican Pesos   6,800,373   U.S. Dollars   334,135   SC   6,568
04/20/22   U.S. Dollars   150,610   Swedish Kronor   1,365,893   RBC   5,286
04/19/22   Euro   1,400,000   U.S. Dollars   1,544,508   CITI   5,109
04/20/22   U.S. Dollars   93,567   Polish Zloty   373,690   SC   4,799
04/20/22   U.S. Dollars   767,237   Swedish Kronor   7,167,464   SS   4,660
04/20/22   Mexican Pesos   2,140,706   U.S. Dollars   103,027   CITI   4,223
04/20/22   Swedish Kronor   927,097   U.S. Dollars   94,544   SS   4,094
04/20/22   Euro   802,400   U.S. Dollars   884,131   BNP   4,047
04/20/22   British Pounds   564,281   U.S. Dollars   737,498   SS   3,675
04/20/22   U.S. Dollars   626,827   Swiss Francs   575,700   CITI   3,388
04/20/22   U.S. Dollars   74,162   Polish Zloty   300,000   UBS   2,899
04/20/22   Swiss Francs   135,113   U.S. Dollars   143,696   SS   2,621
04/20/22   Swiss Francs   710,998   U.S. Dollars   767,526   UBS   2,431
04/20/22   Japanese Yen   101,196,052   U.S. Dollars   829,530   UBS   2,044
04/20/22   U.S. Dollars   34,837   Polish Zloty   140,864   BNP   1,375
04/20/22   Swiss Francs   119,752   U.S. Dollars   128,771   BNP   911
04/20/22   Japanese Yen   14,711,923   U.S. Dollars   120,063   SC   832
04/19/22   U.S. Dollars   195,230   Australian Dollars   260,000   CITI   628
04/20/22   Canadian Dollars   156,862   U.S. Dollars   124,886   BNP   576
04/20/22   Euro   78,404   U.S. Dollars   86,343   UBS   443
04/20/22   New Zealand Dollars   126,507   U.S. Dollars   87,220   SC   428
04/20/22   Chinese Yuan   992,531   U.S. Dollars   155,728   SS   417
04/20/22   U.S. Dollars   20,620   Czech Republic Koruna   450,000   UBS   276
04/20/22   U.S. Dollars   147   Russian Rubles   11,416   CITI   12
04/20/22   South African Rand   1,403   U.S. Dollars   89   RBC   7
04/20/22   U.S. Dollars   239   South Korean Won   288,311   SC   2
Subtotal Appreciation                   $14,620,523
04/20/22   U.S. Dollars   10   Chilean Pesos   7,984   CITI   $(1)
04/20/22   U.S. Dollars   529   Mexican Pesos   10,990   SS   (22)
04/20/22   Canadian Dollars   123,648   U.S. Dollars   98,958   SC   (62)
04/20/22   Australian Dollars   148,196   U.S. Dollars   111,030   BNP   (109)
04/20/22   Australian Dollars   118,232   U.S. Dollars   88,618   UBS   (124)
04/20/22   New Zealand Dollars   147,065   U.S. Dollars   102,064   UBS   (172)
04/20/22   U.S. Dollars   95,565   Polish Zloty   403,649   SC   (319)
04/20/22   New Zealand Dollars   137,808   U.S. Dollars   95,811   BNP   (333)
04/20/22   Canadian Dollars   1,036,110   U.S. Dollars   829,080   SS   (376)
04/20/22   U.S. Dollars   89,894   Euro   81,705   UBS   (545)
04/20/22   U.S. Dollars   134,744   Swiss Francs   125,103   SC   (733)
04/20/22   U.S. Dollars   85,788   Czech Republic Koruna   1,914,101   BNP   (747)
119
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
04/20/22   British Pounds   501,951   U.S. Dollars   660,442   BNP   $(1,138)
04/20/22   Norwegian Kroner   6,361,136   U.S. Dollars   723,720   SS   (1,362)
04/20/22   U.S. Dollars   189,310   Norwegian Kroner   1,679,175   BNP   (1,373)
04/20/22   U.S. Dollars   781,669   Swiss Francs   723,121   SS   (1,416)
04/20/22   Czech Republic Koruna   2,300,136   U.S. Dollars   105,500   RBC   (1,512)
04/20/22   U.S. Dollars   714,900   Canadian Dollars   895,770   UBS   (1,557)
04/20/22   U.S. Dollars   74,274   New Zealand Dollars   109,601   SS   (1,662)
04/20/22   Norwegian Kroner   679,981   U.S. Dollars   79,051   BNP   (1,834)
04/19/22   U.S. Dollars   3,808,198   Hungarian Forint   1,268,811,000   CITI   (2,409)
04/20/22   U.S. Dollars   411,485   Canadian Dollars   518,742   SC   (3,416)
04/20/22   U.S. Dollars   103,063   Chilean Pesos   84,289,043   SS   (3,678)
04/20/22   U.S. Dollars   86,961   Australian Dollars   121,403   CITI   (3,907)
04/20/22   Polish Zloty   388,709   U.S. Dollars   96,341   CITI   (4,006)
04/20/22   Swiss Francs   749,804   U.S. Dollars   816,291   UBS   (4,310)
04/20/22   Hungarian Forint   36,669,187   U.S. Dollars   114,656   RBC   (4,543)
04/20/22   U.S. Dollars   771,411   Euro   701,117   BNP   (4,657)
04/20/22   Euro   200,000   U.S. Dollars   227,134   RBC   (5,754)
04/20/22   U.S. Dollars   722,604   Swedish Kronor   6,846,043   BNP   (5,776)
04/20/22   U.S. Dollars   561,205   Polish Zloty   2,387,338   BNP   (5,891)
04/20/22   U.S. Dollars   182,935   Polish Zloty   795,605   SS   (6,056)
04/20/22   Czech Republic Koruna   11,161,345   U.S. Dollars   511,541   SC   (6,946)
04/19/22   U.S. Dollars   217,088   Australian Dollars   300,000   CITI   (7,453)
04/20/22   U.S. Dollars   348,591   New Zealand Dollars   516,418   RBC   (9,202)
04/20/22   Polish Zloty   962,438   U.S. Dollars   238,275   SC   (9,654)
04/20/22   Swiss Francs   1,442,471   U.S. Dollars   1,571,918   CITI   (9,832)
04/20/22   U.S. Dollars   739,756   Canadian Dollars   938,880   RBC   (11,182)
04/20/22   Czech Republic Koruna   16,304,593   U.S. Dollars   749,120   CITI   (12,002)
04/20/22   U.S. Dollars   1,573,945   Canadian Dollars   1,983,414   CITI   (12,433)
04/20/22   Swiss Francs   2,089,279   U.S. Dollars   2,275,251   SS   (12,721)
04/20/22   South Korean Won   941,920,039   U.S. Dollars   789,076   SC   (13,481)
04/20/22   U.S. Dollars   2,157,865   Euro   1,961,940   SC   (13,809)
04/20/22   British Pounds   336,127   U.S. Dollars   455,845   CITI   (14,348)
04/19/22   Taiwan Dollars   110,204,629   U.S. Dollars   3,864,117   CITI   (14,628)
04/20/22   U.S. Dollars   2,199,018   Euro   2,000,000   SS   (14,786)
04/20/22   Swiss Francs   2,865,434   U.S. Dollars   3,119,808   SC   (16,761)
04/20/22   Swedish Kronor   6,865,394   U.S. Dollars   751,281   GSC   (20,843)
04/20/22   British Pounds   500,000   U.S. Dollars   677,878   RBC   (21,136)
04/20/22   U.S. Dollars   1,392,286   Canadian Dollars   1,767,572   BNP   (21,458)
04/20/22   Swedish Kronor   7,700,788   U.S. Dollars   841,007   SC   (21,687)
04/20/22   U.S. Dollars   781,094   Turkish Lira   11,970,755   RBC   (21,695)
04/20/22   U.S. Dollars   780,027   Swedish Kronor   7,553,544   UBS   (23,627)
04/20/22   U.S. Dollars   426,346   South African Rand   6,601,411   BNP   (24,266)
04/20/22   British Pounds   588,908   U.S. Dollars   798,282   UBS   (24,762)
04/20/22   U.S. Dollars   118,994   Brazilian Reals   690,429   CITI   (25,224)
04/20/22   U.S. Dollars   733,221   South African Rand   11,113,433   SC   (25,381)
04/19/22   Hungarian Forint   629,506,000   Euro   1,732,458   CITI   (27,016)
04/20/22   Swedish Kronor   6,913,838   U.S. Dollars   762,897   UBS   (27,304)
04/20/22   British Pounds   722,787   U.S. Dollars   976,768   SS   (27,399)
04/20/22   Polish Zloty   3,151,405   U.S. Dollars   779,771   SS   (31,176)
04/20/22   U.S. Dollars   1,691,907   Swedish Kronor   16,200,213   SS   (31,703)
04/20/22   U.S. Dollars   2,609,846   Norwegian Kroner   23,262,577   UBS   (31,804)
04/20/22   U.S. Dollars   789,603   Hungarian Forint   273,668,534   UBS   (32,188)
04/19/22   South Korean Won   3,422,044,000   U.S. Dollars   2,851,941   CITI   (33,884)
04/20/22   Polish Zloty   3,706,086   U.S. Dollars   916,798   RBC   (36,442)
04/20/22   Swiss Francs   6,908,348   U.S. Dollars   7,519,294   BNP   (38,077)
04/19/22   Indian Rupees   301,423,535   U.S. Dollars   3,999,516   CITI   (38,877)
120
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
04/19/22   U.S. Dollars   5,851,494   Chinese Offshore Yuan   37,511,000   GSC   $(43,747)
04/20/22   U.S. Dollars   1,084,499   Mexican Pesos   22,528,873   SC   (44,209)
04/20/22   Japanese Yen   89,352,853   U.S. Dollars   779,119   BNP   (44,866)
04/20/22   Hungarian Forint   373,386,382   U.S. Dollars   1,166,956   SS   (45,725)
04/20/22   U.S. Dollars   799,607   Czech Republic Koruna   18,709,207   UBS   (46,222)
04/20/22   U.S. Dollars   6,235,242   Norwegian Kroner   55,320,604   SS   (46,851)
04/20/22   U.S. Dollars   1,247,938   Australian Dollars   1,730,081   UBS   (46,989)
04/20/22   U.S. Dollars   10,588,996   Chinese Yuan   67,608,863   SC   (47,205)
04/20/22   Japanese Yen   115,825,811   U.S. Dollars   1,002,257   UBS   (50,464)
04/20/22   U.S. Dollars   666,964   South African Rand   10,538,726   SS   (52,408)
04/20/22   Euro   1,960,664   U.S. Dollars   2,227,221   CITI   (56,957)
04/19/22   U.S. Dollars   11,562,957   Euro   10,500,000   CITI   (59,172)
04/20/22   Russian Rubles   60,063,361   U.S. Dollars   780,359   SC   (66,530)
04/20/22   Japanese Yen   149,705,822   U.S. Dollars   1,297,683   SS   (67,484)
04/20/22   U.S. Dollars   847,517   Brazilian Reals   4,413,577   SC   (74,396)
04/19/22   Hungarian Forint   639,305,000   U.S. Dollars   1,996,861   GSC   (76,843)
04/20/22   Euro   2,743,250   U.S. Dollars   3,118,969   BNP   (82,460)
04/20/22   U.S. Dollars   3,030,078   New Zealand Dollars   4,493,332   CITI   (83,067)
04/20/22   U.S. Dollars   2,169,168   Australian Dollars   3,025,782   RBC   (95,563)
04/20/22   U.S. Dollars   4,050,780   New Zealand Dollars   6,000,000   UBS   (106,240)
04/20/22   Polish Zloty   8,604,248   U.S. Dollars   2,156,848   BNP   (112,966)
04/20/22   Swedish Kronor   35,110,722   U.S. Dollars   3,872,721   SS   (137,142)
04/20/22   Swedish Kronor   36,836,454   U.S. Dollars   4,061,108   CITI   (141,921)
04/20/22   U.S. Dollars   10,448,338   Canadian Dollars   13,258,189   SS   (155,860)
04/19/22   British Pounds   3,990,727   U.S. Dollars   5,410,548   GSC   (168,763)
04/20/22   Japanese Yen   434,747,567   U.S. Dollars   3,770,771   CITI   (198,254)
04/19/22   U.S. Dollars   2,281,808   South African Rand   36,380,000   CITI   (201,805)
04/20/22   U.S. Dollars   9,534,664   New Zealand Dollars   14,098,292   SC   (233,149)
04/20/22   Japanese Yen   660,162,753   U.S. Dollars   5,713,172   RBC   (288,318)
04/20/22   U.S. Dollars   9,187,012   Australian Dollars   12,806,865   SC   (398,645)
04/20/22   Japanese Yen   1,153,481,746   U.S. Dollars   9,982,045   SC   (503,368)
04/20/22   British Pounds   13,325,023   U.S. Dollars   18,019,323   SC   (517,135)
04/20/22   Euro   27,400,723   U.S. Dollars   31,132,978   SS   (803,061)
04/19/22   Euro   36,884,877   U.S. Dollars   41,844,325   CITI   (1,017,582)
04/20/22   Euro   50,243,873   U.S. Dollars   57,041,833   UBS   (1,426,787)
04/19/22   Japanese Yen   3,982,298,000   U.S. Dollars   34,467,394   CITI   (1,743,701)
04/20/22   Euro   140,475,687   U.S. Dollars   159,661,815   SC   (4,168,991)
Subtotal Depreciation                   $(14,289,833)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $330,690
Swap Agreements outstanding at March 31, 2022:
Reference Obligation   Fixed
Deal
(Pay) Rate 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swaps on Credit Indexes—Buy Protection                            
iTraxx Europe & Crossover Series 37 (Pay Quarterly)   -5.00%   6/20/2027   EUR   6,466,000   $(532,477)   $(435,473)   $(97,004)
    $(532,477)   $(435,473)   $(97,004)
    
121
GLOBAL BOND FUND
SCHEDULE OF INVESTMENTS (Continued)
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swaps                        
US CPI Urban Consumers (Upon termination)   2.50%
(Upon
termination) 		  4/28/2026   USD   3,690,000   $(360,343)   $(263,537)   $(96,806)
3-Month KWCDC (Quarterly)   2.36%
(Quarterly) 		  2/11/2032   KRW   604,702,000   (12,530)   —   (12,530)
3-Month KWCDC (Quarterly)   2.37%
(Quarterly) 		  2/18/2032   KRW   1,195,630,000   (24,468)   —   (24,468)
    $(397,341)   $(263,537)   $(133,804)
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
122
DEFENSIVE MARKET STRATEGIES® FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 12.5%
Communication Services — 0.7%    
Comcast Corporation Class A 25,000   $1,170,500
Verizon Communications, Inc. 165,300   8,420,382
        9,590,882
Consumer Staples — 1.9%    
Colgate-Palmolive Co. 52,800   4,003,824
Hershey Co. (The) 17,300   3,747,699
Mondelez International, Inc. Class A 56,700   3,559,626
PepsiCo, Inc. 40,300   6,745,414
Procter & Gamble Co. (The) 16,400   2,505,920
Walmart, Inc. 44,505   6,627,685
        27,190,168
Energy — 0.8%    
Baker Hughes Co. 46,300   1,685,783
Chevron Corporation 22,200   3,614,826
Exxon Mobil Corporation 79,800   6,590,682
        11,891,291
Financials — 2.8%    
Aflac, Inc. 28,174   1,814,124
Allstate Corporation (The) 11,500   1,592,865
Ameriprise Financial, Inc. 9,002   2,703,841
Bank of New York Mellon Corporation (The) 86,200   4,278,106
BlackRock, Inc. 1,446   1,104,990
Capitol Federal Financial, Inc. 231,100   2,514,368
Commerce Bancshares, Inc. 25,242   1,807,075
JPMorgan Chase & Co. 37,856   5,160,530
Marsh & McLennan Cos., Inc. 44,161   7,525,917
MetLife, Inc. 17,800   1,250,984
Northern Trust Corporation 31,600   3,679,820
PNC Financial Services Group, Inc. (The) 8,700   1,604,715
T. Rowe Price Group, Inc. 18,600   2,812,134
U.S. Bancorp 46,300   2,460,845
        40,310,314
Health Care — 0.5%    
Amgen, Inc. 12,900   3,119,478
Cardinal Health, Inc. 6,200   351,540
Eli Lilly and Co. 2,800   801,836
Quest Diagnostics, Inc. 6,130   838,952
UnitedHealth Group, Inc. 2,300   1,172,931
        6,284,737
Industrials — 1.8%    
Emerson Electric Co. 65,610   6,433,060
Hubbell, Inc. 25,189   4,628,983
Norfolk Southern Corporation 15,814   4,510,469
Raytheon Technologies Corporation 66,678   6,605,789
Republic Services, Inc. 18,733   2,482,123
United Parcel Service, Inc. Class B 3,100   664,826
        25,325,250
Information Technology — 2.1%    
Automatic Data Processing, Inc. 27,633   6,287,613
Cisco Systems, Inc. 119,278   6,650,941
    Shares   Value
Corning, Inc. 122,700   $4,528,857
Microsoft Corporation 25,900   7,985,229
Oracle Corporation 15,400   1,274,042
Texas Instruments, Inc. 19,500   3,577,860
        30,304,542
Materials — 0.2%    
Packaging Corporation of America 17,600   2,747,536
Real Estate — 0.1%    
American Tower Corporation REIT 1,262   317,039
Equinix, Inc. REIT 514   381,193
Welltower, Inc. REIT 8,000   769,120
        1,467,352
Utilities — 1.6%    
Atmos Energy Corporation 39,485   4,718,063
Duke Energy Corporation 27,284   3,046,531
Evergy, Inc. 7,700   526,218
Eversource Energy 29,043   2,561,302
ONE Gas, Inc. 76,402   6,741,713
Spire, Inc. 81,340   5,836,958
        23,430,785
Total Common Stocks
(Cost $146,786,636) 		  178,542,857
FOREIGN COMMON STOCKS — 4.4%
France — 0.2%    
TotalEnergies SE 58,123   2,940,998
Germany — 0.1%    
Deutsche Telekom AG 82,000   1,527,179
Siemens AG 2,200   304,628
        1,831,807
Ireland — 1.4%    
Linde PLC 22,000   7,027,460
Medtronic PLC 124,991   13,867,751
        20,895,211
Japan — 0.1%    
Bridgestone Corporation 28,700   1,114,013
Toyota Motor Corporation 43,100   777,438
        1,891,451
Jersey — 0.2%    
Amcor PLC 205,500   2,328,315
Netherlands — 0.5%    
Akzo Nobel NV 35,900   3,084,612
Koninklijke Ahold Delhaize NV 122,553   3,941,980
        7,026,592
Switzerland — 1.5%    
Chubb, Ltd. 21,017   4,495,536
Nestle SA 33,300   4,329,622
Novartis AG 46,000   4,038,412
Roche Holding AG 19,400   7,675,840
TE Connectivity, Ltd. 5,700   746,586
        21,285,996
 
123
DEFENSIVE MARKET STRATEGIES® FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
United Kingdom — 0.4%    
Unilever PLC 117,800   $5,324,115
Total Foreign Common Stocks
(Cost $59,100,744) 		  63,524,485
PREFERRED STOCKS — 0.6%
Bank of America Corporation        
7.25% CONVΔ 1,300   1,706,250
Becton Dickinson and Co.        
6.00% CONV 128,028   6,762,439
Total Preferred Stocks
(Cost $8,577,182) 		  8,468,689
FOREIGN PREFERRED STOCK — 0.1%
Germany — 0.1%    
Henkel AG & Co. KGaA        
3.04%◊
(Cost $1,580,022) 		19,100   1,278,397
MUTUAL FUNDS — 0.1%
iShares Russell 1000 Value ETF
(Cost $748,300) 		4,600   763,508
    
    Par  
CORPORATE BONDS — 21.0%
Airbnb, Inc.      
0.00%, 03/15/26 CONV⌂ $2,592,000 2,518,628
Akamai Technologies, Inc.      
0.13%, 05/01/25 CONV 493,000 650,267
0.38%, 09/01/27 CONV 1,836,000 2,119,662
Alarm.com Holdings, Inc.      
0.43%, 01/15/26Ω CONV 2,216,000 1,883,600
Allscripts Healthcare Solutions, Inc.      
0.88%, 01/01/27 CONV 1,416,000 2,509,152
Altair Engineering, Inc.      
0.25%, 06/01/24 CONV 625,000 902,813
Alteryx, Inc.      
1.00%, 08/01/26 CONV 1,989,000 1,749,077
Avalara, Inc.      
0.25%, 08/01/26 144A CONVΔ 1,920,000 1,647,360
Bank of America Corporation      
(Variable, ICE LIBOR USD 3M + 2.93%), 5.88%, 03/15/28ρ^ 3,011,000 3,044,272
Bank of New York Mellon Corporation (The)      
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 4.36%), 4.70%, 09/20/25ρ^ 268,000 275,102
Bentley Systems, Inc.      
0.13%, 01/15/26 CONVΔ 951,000 934,358
0.38%, 07/01/27 144A CONV 1,491,000 1,301,643
Beyond Meat, Inc.      
0.36%, 03/15/27Ω CONVΔ 2,111,000 1,264,067
    Par   Value
BioMarin Pharmaceutical, Inc.        
0.60%, 08/01/24 CONV $4,310,000   $4,318,620
Blackline, Inc.        
0.13%, 08/01/24 CONV 1,278,000   1,516,858
0.00%, 03/15/26 CONV⌂ 2,685,000   2,282,250
Blackstone Mortgage Trust, Inc.        
5.50%, 03/15/27 CONVΔ 901,000   889,738
Block, Inc.        
0.13%, 03/01/25 CONV 1,199,000   1,577,434
0.25%, 11/01/27 CONVΔ 2,470,000   2,249,244
BofA Finance LLC        
0.25%, 05/01/23 CONV 1,496,000   1,642,608
Booking Holdings, Inc.        
0.75%, 05/01/25 CONVΔ 1,562,000   2,261,776
Box, Inc.        
0.00%, 01/15/26 CONV⌂ 2,457,000   3,113,019
Burlington Stores, Inc.        
2.25%, 04/15/25 CONVΔ 890,000   1,020,719
Cable One, Inc.        
0.00%, 03/15/26 CONVΔ⌂ 1,559,000   1,368,802
Ceridian HCM Holding, Inc.        
0.25%, 03/15/26 CONV 1,784,000   1,564,568
Charles Schwab Corporation (The)        
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 4.97%), 5.38%, 06/01/25ρ^ 974,000   1,008,090
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.17%), 4.00%, 06/01/26ρ^ 3,860,000   3,700,775
(Variable, ICE LIBOR USD 3M + 2.58%), 5.00%, 12/01/27ρΔ^ 1,119,000   1,082,073
Cheesecake Factory, Inc. (The)        
0.38%, 06/15/26 CONVΔ 2,226,000   2,003,400
Chegg, Inc.        
0.13%, 03/15/25 CONV 1,437,000   1,453,525
3.59%, 09/01/26 CONV⌂ 3,908,000   3,212,376
Citigroup, Inc.        
(Variable, ICE LIBOR USD 3M + 4.07%), 5.95%, 01/30/23ρΔ^ 1,954,000   1,979,597
Coherus Biosciences, Inc.        
1.50%, 04/15/26 CONV 1,260,000   1,253,448
CONMED Corporation        
2.63%, 02/01/24 CONV 967,000   1,666,624
Coupa Software, Inc.        
0.38%, 06/15/26 CONV 1,601,000   1,351,244
Cracker Barrel Old Country Store, Inc.        
0.63%, 06/15/26 144A CONV 2,417,000   2,217,597
Datadog, Inc.        
0.13%, 06/15/25 CONV 920,000   1,633,000
Dexcom, Inc.        
0.25%, 11/15/25 CONVΔ 2,444,000   2,802,962
 
124
    Par   Value
DigitalOcean Holdings, Inc.        
2.79%, 12/01/26 144AΩ CONV $3,708,000   $2,949,714
DISH Network Corporation        
0.00%, 12/15/25 CONV⌂ 1,209,000   1,178,896
3.38%, 08/15/26 CONV 5,486,000   4,948,372
Dominion Energy, Inc.        
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.99%), 4.65%, 12/15/24ρ^ 2,125,000   2,114,375
Dropbox, Inc.        
0.54%, 03/01/26Ω CONV 2,785,000   2,612,330
0.00%, 03/01/28 CONV⌂ 1,707,000   1,616,870
Duke Energy Corporation        
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.39%), 4.88%, 09/16/24ρΔ^ 2,407,000   2,438,604
Enphase Energy, Inc.        
0.00%, 03/01/26 CONV⌂ 1,862,000   1,900,171
1.77%, 03/01/28 CONV⌂ 1,809,000   1,888,596
Envestnet, Inc.        
0.75%, 08/15/25 144A CONV 3,872,000   3,780,040
EQT Corporation        
1.75%, 05/01/26 CONV 508,000   1,206,500
Etsy, Inc.        
0.13%, 09/01/27 CONV 1,095,000   1,090,073
0.25%, 06/15/28 144A CONV 1,892,000   1,690,502
Euronet Worldwide, Inc.        
0.75%, 03/15/49 CONVΔ 2,663,000   2,989,217
Exact Sciences Corporation        
0.38%, 03/15/27 CONV 3,081,000   2,921,173
Expedia Group, Inc.        
0.00%, 02/15/26 CONVΔ⌂ 2,271,000   2,773,572
Five9, Inc.        
0.50%, 06/01/25 CONV 1,531,000   1,662,666
Ford Motor Co.        
0.00%, 03/15/26 CONV⌂ 1,892,000   2,245,804
FTI Consulting, Inc.        
2.00%, 08/15/23 CONV 1,261,000   2,008,663
Greenbrier Cos., Inc. (The)        
2.88%, 04/15/28 144A CONV 2,776,000   3,212,337
Guardant Health, Inc.        
0.00%, 11/15/27 CONV⌂ 1,569,000   1,266,340
Halozyme Therapeutics, Inc.        
0.25%, 03/01/27 CONV 1,736,000   1,521,170
Herbalife Nutrition, Ltd.        
2.63%, 03/15/24 CONV 89,000   83,660
II-VI, Inc.        
0.25%, 09/01/22 CONV 1,002,000   1,549,092
Illumina, Inc.        
0.00%, 08/15/23 CONVΔ⌂ 2,349,000   2,579,202
    Par   Value
Insight Enterprises, Inc.        
0.75%, 02/15/25 CONV $2,137,000   $3,446,981
Insulet Corporation        
0.38%, 09/01/26 CONV 1,611,000   2,143,435
Integra LifeSciences Holdings Corporation        
0.50%, 08/15/25 CONV 1,987,000   2,094,695
InterDigital, Inc.        
2.00%, 06/01/24 CONV 1,042,000   1,073,260
Ironwood Pharmaceuticals, Inc.        
0.75%, 06/15/24 CONV 1,001,000   1,152,652
1.50%, 06/15/26 CONV 746,000   886,621
Itron, Inc.        
0.00%, 03/15/26 CONV⌂ 1,969,000   1,674,634
Jamf Holding Corporation        
0.13%, 09/01/26 144A CONV 3,617,000   3,600,955
Jazz Investments I, Ltd.        
1.50%, 08/15/24 CONV 282,000   288,698
2.00%, 06/15/26 CONVΔ 1,648,000   2,006,310
JetBlue Airways Corporation        
0.50%, 04/01/26 144A CONV 2,602,000   2,434,011
John Bean Technologies Corporation        
0.25%, 05/15/26 144A CONV 1,432,000   1,382,596
JPMorgan Chase & Co.        
(Variable, ICE LIBOR USD 3M + 3.47%), 3.77%, 07/30/22†ρ 2,686,000   2,686,019
(Variable, U.S. SOFR + 3.38%), 5.00%, 08/01/24ρ^ 5,200,000   5,185,960
(Variable, U.S. SOFR + 3.13%), 4.60%, 02/01/25ρ^ 1,083,000   1,046,449
KBR, Inc.        
2.50%, 11/01/23 CONV 865,000   1,881,375
LCI Industries        
1.13%, 05/15/26 CONV 1,203,000   1,106,159
LendingTree, Inc.        
0.50%, 07/15/25 CONVΔ 195,000   160,631
Liberty Broadband Corporation        
1.25%, 09/30/50 144A CONV 1,080,000   1,039,500
2.75%, 09/30/50 144A CONV 1,915,000   1,893,503
Liberty Media Corp-Liberty Formula One        
1.00%, 01/30/23 CONV 1,231,000   2,336,284
Liberty Media Corporation        
1.38%, 10/15/23 CONV 636,000   899,622
2.13%, 03/31/48 144A CONV 3,665,000   3,705,315
125
DEFENSIVE MARKET STRATEGIES® FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Liberty TripAdvisor Holdings, Inc.        
0.50%, 06/30/51 144A CONV $1,896,000   $1,563,467
Live Nation Entertainment, Inc.        
2.00%, 02/15/25 CONV 2,623,000   3,409,900
Livongo Health, Inc.        
0.88%, 06/01/25 CONV 1,473,000   1,489,203
Lumentum Holdings, Inc.        
0.50%, 12/15/26 CONV 605,000   704,148
0.50%, 06/15/28 144A CONV 2,883,000   2,833,989
MACOM Technology Solutions Holdings, Inc.        
0.25%, 03/15/26 144A CONV 1,666,000   1,700,361
Marriott Vacations Worldwide Corporation        
1.50%, 09/15/22 CONV 1,000   1,134
0.00%, 01/15/26 CONV⌂ 2,707,000   2,950,630
Match Group Financeco 3, Inc.        
2.00%, 01/15/30 144A CONV 675,000   1,019,250
Microchip Technology, Inc.        
0.13%, 11/15/24 CONVΔ 5,588,000   6,367,850
NCL Corporation, Ltd.        
1.13%, 02/15/27 144A CONV 3,345,000   3,090,780
Neurocrine Biosciences, Inc.        
2.25%, 05/15/24 CONV 838,000   1,106,160
New Relic, Inc.        
0.50%, 05/01/23 CONV 1,051,000   1,056,255
NextEra Energy Partners LP        
0.00%, 11/15/25 144A CONV⌂ 1,921,000   2,182,952
NuVasive, Inc.        
0.38%, 03/15/25 CONV 1,990,000   1,924,081
Okta, Inc.        
0.38%, 06/15/26 CONV 3,534,000   3,463,320
ON Semiconductor Corporation        
0.00%, 05/01/27 144A CONVΔ⌂ 1,812,000   2,460,696
Palo Alto Networks, Inc.        
0.75%, 07/01/23 CONV 558,000   1,307,394
Pandora Media LLC        
1.75%, 12/01/23 CONV 1,378,000   1,586,078
Parsons Corporation        
0.25%, 08/15/25 CONV 1,822,000   1,927,873
Patrick Industries, Inc.        
1.75%, 12/01/28 144A CONV 1,559,000   1,403,100
Pegasystems, Inc.        
0.75%, 03/01/25 CONV 2,751,000   2,598,319
Peloton Interactive, Inc.        
0.93%, 02/15/26Ω CONV 2,265,000   1,882,781
    Par   Value
Perficient, Inc.        
0.13%, 11/15/26 144A CONVΔ $355,000   $318,968
Pioneer Natural Resources Co.        
0.25%, 05/15/25 CONV 358,000   851,861
Progressive Corporation (The)        
(Variable, ICE LIBOR USD 3M + 2.54%), 5.38%, 03/15/23ρ^ 1,321,000   1,295,241
Pure Storage, Inc.        
0.13%, 04/15/23 CONV 2,376,000   3,321,648
Q2 Holdings, Inc.        
0.13%, 11/15/25 CONV 447,000   385,985
0.75%, 06/01/26 CONV 3,832,000   3,824,336
Rapid7, Inc.        
2.25%, 05/01/25 CONV 679,000   1,287,978
0.25%, 03/15/27 CONV 1,832,000   2,287,252
Realogy Group LLC        
0.25%, 06/15/26 144A CONV 1,597,000   1,463,251
Redfin Corporation        
0.00%, 10/15/25 CONV⌂ 1,761,000   1,306,442
0.50%, 04/01/27 CONVρ 1,747,000   1,176,605
Repligen Corporation        
0.38%, 07/15/24 CONVΔ 473,000   815,689
RingCentral, Inc.        
0.00%, 03/01/25 CONV⌂ 1,750,000   1,530,375
4.28%, 03/15/26 CONV⌂ 1,298,000   1,068,254
Royal Caribbean Cruises, Ltd.        
2.88%, 11/15/23 CONV 1,400,000   1,699,600
Shake Shack, Inc.        
0.23%, 03/01/28Ω CONV 2,174,000   1,755,505
Shift4 Payments, Inc.        
0.50%, 08/01/27 144A CONV 1,129,000   990,133
Silicon Laboratories, Inc.        
0.63%, 06/15/25 CONV 1,233,000   1,699,197
Snap, Inc.        
2.27%, 05/01/27 144A CONV⌂ 896,000   767,872
0.13%, 03/01/28 144A CONV 2,379,000   2,375,431
SoFi Technologies, Inc.        
0.44%, 10/15/26 144AΩ CONV 1,781,000   1,443,768
SolarEdge Technologies, Inc.        
0.00%, 09/15/25 CONVΔ⌂ 1,622,000   2,216,463
Southwest Airlines Co.        
1.25%, 05/01/25 CONV 1,660,000   2,258,845
Spirit Airlines, Inc.        
1.00%, 05/15/26 CONVΔ 2,252,000   2,031,304
Splunk, Inc.        
0.50%, 09/15/23 CONV 2,215,000   2,529,344
1.13%, 09/15/25 CONV 759,000   910,800
1.13%, 06/15/27 CONV 2,636,000   2,530,560
Spotify U.S.A., Inc.        
2.20%, 03/15/26Ω CONV 955,000   818,560
 
126
    Par   Value
Stride, Inc.        
1.13%, 09/01/27 CONVΔ $2,322,000   $2,315,034
Supernus Pharmaceuticals, Inc.        
0.63%, 04/01/23 CONV 247,000   243,449
Tandem Diabetes Care, Inc.        
1.50%, 05/01/25 144A CONV 1,209,000   1,510,041
Teladoc Health, Inc.        
1.25%, 06/01/27 CONV 786,000   666,921
TripAdvisor, Inc.        
0.25%, 04/01/26 144A CONV 1,498,000   1,271,802
Twitter, Inc.        
0.25%, 06/15/24 CONV 1,174,000   1,197,480
U.S. Bancorp        
(Variable, ICE LIBOR USD 3M + 2.91%), 5.30%, 04/15/27ρ^ 2,949,000   2,915,322
Uber Technologies, Inc.        
1.42%, 12/15/25 CONVΔ⌂ 2,112,000   1,900,800
Unity Software, Inc.        
2.39%, 11/15/26 144A CONV⌂ 1,226,000   1,010,531
Upstart Holdings, Inc.        
0.25%, 08/15/26 144A CONV 2,305,000   1,966,395
Vail Resorts, Inc.        
0.00%, 01/01/26 CONVΔ⌂ 3,486,000   3,393,578
Verint Systems, Inc.        
0.25%, 04/15/26 144A CONV 2,826,000   2,961,034
Vonage Holdings Corporation        
1.75%, 06/01/24 CONV 653,000   860,981
Wayfair, Inc.        
0.63%, 10/01/25 CONVΔ 1,536,000   1,268,736
1.00%, 08/15/26 CONV 672,000   720,384
Wells Fargo & Co.        
(Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.45%), 3.90%, 03/15/26ρ^ 1,291,000   1,238,295
Western Digital Corporation        
1.50%, 02/01/24 CONV 199,000   193,030
Winnebago Industries, Inc.        
1.50%, 04/01/25 CONVΔ 2,144,000   2,348,752
Workiva, Inc.        
1.13%, 08/15/26 CONV 52,000   83,883
Zendesk, Inc.        
0.63%, 06/15/25 CONVΔ 2,450,000   3,100,475
Ziff Davis, Inc.        
1.75%, 11/01/26 144A CONV 1,153,000   1,305,773
Zillow Group, Inc.        
2.75%, 05/15/25 CONV 2,602,000   2,949,367
Zscaler, Inc.        
0.13%, 07/01/25 CONV 863,000   1,472,709
Zynga, Inc.        
0.25%, 06/01/24 CONV 406,000   495,574
0.00%, 12/15/26 CONV⌂ 2,310,000   2,363,130
Total Corporate Bonds
(Cost $291,811,484) 		  301,068,416
    Par   Value
FOREIGN BONDS — 1.7%
Canada — 0.3%    
IMAX Corporation        
0.50%, 04/01/26 144A CONV $3,538,000   $3,378,790
Shopify, Inc.        
0.13%, 11/01/25 CONV 1,535,000   1,457,482
        4,836,272
France — 0.2%    
TotalEnergies SE        
0.50%, 12/02/22 CONVΔ 3,000,000   3,091,140
Israel — 0.6%    
CyberArk Software, Ltd.        
0.05%, 11/15/24Ω CONV 2,729,000   3,395,968
Fiverr International, Ltd.        
0.00%, 11/01/25 CONVΔ⌂ 2,063,000   1,760,770
Nice, Ltd.        
0.00%, 09/15/25 CONVΔ⌂ 2,509,000   2,645,427
Wix.com, Ltd.        
0.00%, 08/15/25 CONV⌂ 358,000   312,534
        8,114,699
Jersey — 0.1%    
Novocure, Ltd.        
0.00%, 11/01/25 CONV⌂ 1,258,000   1,147,925
Netherlands — 0.5%    
QIAGEN NV        
0.00%, 12/17/27 CONV⌂ 2,800,000   2,630,936
STMicroelectronics NV        
0.00%, 08/04/25 CONV⌂ 3,200,000   3,966,368
        6,597,304
Total Foreign Bonds
(Cost $23,828,956) 		  23,787,340
    
    Shares  
EQUITY-LINKED SECURITIES — 0.7%
Advance Auto Parts, Inc., Issued by Merrill Lynch International & Co. CV, Maturity Date 08/18/22††† 5,000 1,090,200
Berkshire Hathaway, Inc., Issued by Credit Suisse AG, Maturity Date 06/28/22††† 8,600 2,480,068
Berkshire Hathaway, Inc., Issued by JPMorgan Chase Bank, Maturity Date 05/24/22††† 3,200 919,542
Berkshire Hathaway, Inc., Issued by JPMorgan Chase Bank, Maturity Date 07/19/22††† 2,700 844,956
Berkshire Hathaway, Inc., Issued by Royal Bank of Canada, Maturity Date 06/01/22 144A CONV††† 5,100 1,478,643
Berkshire Hathaway, Inc., Issued by UBS AG, Maturity Date 07/09/22 144A††† 3,500 1,112,545
Emerson Electric Co., Issued by Royal Bank of Canada, Maturity Date 04/19/22 144A CONV††† 9,300 882,384
127
DEFENSIVE MARKET STRATEGIES® FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Freeport-McMoRan, Inc., Issued by Credit Suisse AG, Maturity Date 07/29/22††† 18,600   $770,412
Stanley Black & Decker, Inc., Issued by Goldman Sachs International, Maturity Date 09/30/22††† 5,500   759,412
Total Equity-Linked Securities
(Cost $10,249,721) 		  10,338,162
MONEY MARKET FUNDS — 22.8%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		39,128,553   39,128,553
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 41,994,367   41,994,367
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 245,662,854   245,662,854
Total Money Market Funds
(Cost $326,785,774) 		  326,785,774
    
    Par  
U.S. TREASURY OBLIGATIONS — 33.2%
U.S. Treasury Bill      
0.17%, 06/16/22Ω $3,400,000 3,397,057
U.S. Treasury Notes      
1.75%, 06/15/22 50,000,000 50,125,518
1.50%, 09/15/22Δ 50,000,000 50,120,274
1.63%, 12/15/22 41,900,000 41,981,670
0.50%, 03/15/23 41,900,000 41,443,677
0.25%, 06/15/23 50,000,000 49,034,180
0.13%, 09/15/23 50,000,000 48,590,820
0.13%, 12/15/23 30,900,000 29,815,482
1.13%, 02/28/27Δ 86,000,000 80,708,985
0.75%, 01/31/28 89,000,000 80,750,117
Total U.S. Treasury Obligations
(Cost $489,978,674) 		475,967,780
    
  Number of
Contracts 		  Notional
Amount 		 
PURCHASED OPTIONS — 5.9%
Call Options — 5.9%    
S&P 500®, Strike Price $4,590.00, Expires 11/30/27 (MSCS) 460   $208,398,860 44,492,633
S&P 500®, Strike Price $4,650.00, Expires 11/30/26 (MSCS) 440   199,338,040 39,419,010
Total Purchased Options
(Premiums paid $79,843,114) 		  83,911,643
TOTAL INVESTMENTS — 103.0%
(Cost $1,439,290,607) 		    1,474,437,051
    
       
WRITTEN OPTIONS — (0.3)%
Put Options — (0.3)%  
Kimberly-Clark Corporation, Strike Price $115.00, Expires 04/14/22 (MSCS) (28) (344,848) (560)
  Number ofContracts   NotionalAmount   Value
S&P 500®, Strike Price $4,170.00, Expires 04/14/22 (MSCS) (1)   $(453,041)   $(445)
S&P 500®, Strike Price $4,230.00, Expires 04/14/22 (MSCS) (1)   (453,041)   (580)
S&P 500®, Strike Price $4,285.00, Expires 04/08/22 (MSCS) (3)   (1,359,123)   (847)
S&P 500®, Strike Price $4,310.00, Expires 04/08/22 (MSCS) (7)   (3,171,287)   (2,380)
S&P 500®, Strike Price $4,390.00, Expires 04/14/22 (MSCS) (14)   (6,342,574)   (23,870)
S&P 500®, Strike Price $4,415.00, Expires 04/14/22 (MSCS) (111)   (50,287,551)   (228,660)
S&P 500®, Strike Price $4,440.00, Expires 04/22/22 (MSCS) (23)   (10,419,943)   (93,725)
S&P 500®, Strike Price $4,480.00, Expires 04/22/22 (MSCS) (49)   (22,199,009)   (248,675)
S&P 500®, Strike Price $4,495.00, Expires 04/22/22 (MSCS) (45)   (20,386,845)   (247,725)
S&P 500®, Strike Price $4,500.00, Expires 04/01/22 (MSCS) (25)   (11,326,025)   (9,375)
S&P 500®, Strike Price $4,500.00, Expires 04/08/22 (MSCS) (23)   (10,419,943)   (60,375)
S&P 500®, Strike Price $4,500.00, Expires 04/14/22 (MSCS) (30)   (13,591,230)   (120,000)
S&P 500®, Strike Price $4,510.00, Expires 04/22/22 (MSCS) (24)   (10,872,984)   (143,520)
S&P 500®, Strike Price $4,515.00, Expires 04/08/22 (MSCS) (74)   (33,525,034)   (228,660)
S&P 500®, Strike Price $4,515.00, Expires 04/14/22 (MSCS) (15)   (6,795,615)   (67,275)
S&P 500®, Strike Price $4,520.00, Expires 04/22/22 (MSCS) (41)   (18,574,681)   (258,915)
S&P 500®, Strike Price $4,520.00, Expires 04/29/22 (MSCS) (3)   (1,359,123)   (23,010)
S&P 500®, Strike Price $4,535.00, Expires 04/29/22 (MSCS) (47)   (21,292,927)   (385,400)
S&P 500®, Strike Price $4,560.00, Expires 04/08/22 (MSCS) (10)   (4,530,410)   (49,400)
S&P 500®, Strike Price $4,560.00, Expires 04/14/22 (MSCS) (2)   (906,082)   (12,628)
S&P 500®, Strike Price $4,585.00, Expires 04/08/22 (MSCS) (20)   (9,060,820)   (126,000)
 
128
  Number ofContracts   NotionalAmount   Value
S&P 500®, Strike Price $4,585.00, Expires 04/14/22 (MSCS) (4)   $(1,812,164)   $(30,968)
S&P 500®, Strike Price $4,585.00, Expires 04/29/22 (MSCS) (26)   (11,779,066)   (267,150)
S&P 500®, Strike Price $4,590.00, Expires 04/08/22 (MSCS) (40)   (18,121,640)   (263,800)
S&P 500®, Strike Price $4,590.00, Expires 04/14/22 (MSCS) (7)   (3,171,287)   (54,635)
  Number ofContracts   NotionalAmount   Value
S&P 500®, Strike Price $4,610.00, Expires 04/29/22 (MSCS) (86)   $(38,961,526)   $(990,290)
Total Written Options
(Premiums received $(5,721,142)) 		      (3,938,868)
Liabilities in Excess of Other
Assets — (2.7)% 		      (38,603,925)
NET ASSETS — 100.0%       $1,431,894,258
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
S&P 500® E‐Mini   06/2022   104   $23,559,900   $1,757,600
10-Year U.S. Treasury Note   06/2022   90   11,058,750   (334,687)
U.S. Treasury Long Bond   06/2022   33   4,952,063   (150,305)
2-Year U.S. Treasury Note   06/2022   310   65,695,781   (904,766)
5-Year U.S. Treasury Note   06/2022   615   70,532,812   (1,889,569)
Total Futures Contracts outstanding at March 31, 2022           $175,799,306   $(1,521,727)
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/30/22   U.S. Dollars   1,577,505   Japanese Yen   189,896,120   BOA   $13,451
Subtotal Appreciation                   $13,451
06/30/22   U.S. Dollars   61,524   Japanese Yen   7,470,140   BOA   $(2)
06/30/22   U.S. Dollars   15,638,344   Euro   14,146,011   JPM   (69,654)
06/30/22   U.S. Dollars   13,578,068   Swiss Francs   12,613,686   MSCS   (129,134)
Subtotal Depreciation                   $(198,790)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $(185,339)
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
129
GLOBAL IMPACT FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Par   Value
AGENCY OBLIGATIONS — 0.6%
United States International Development Finance Corporation        
1.44%, 04/15/28 $500,000   $465,873
1.65%, 04/15/28 500,000   470,983
Total Agency Obligations
(Cost $1,000,000) 		    936,856
ASSET-BACKED SECURITIES — 3.1%
GoodLeap Sustainable Home Solutions Trust, Series 2022-1GS, Class B      
2.94%, 01/20/49 144A 485,266   470,350
Loanpal Solar Loan, Ltd., Series 2021-2GS, Class A      
2.22%, 03/20/48 144A 482,593   448,616
Sunnova Helios II Issuer LLC, Series 2019-AA, Class A      
3.75%, 06/20/46 144A 539,106   532,694
Sunnova Helios II Issuer LLC, Series 2021-A, Class A      
1.80%, 02/20/48 144A 359,102   335,159
Sunnova Helios II Issuer LLC, Series 2021-B, Class A      
1.62%, 07/20/48 144A 327,915   314,332
Sunnova Helios VII Issuer LLC, Series 2021-C, Class A      
2.03%, 10/20/48 144A 486,125   449,770
Sunnova Helios VIII Issuer LLC, Series 2022-A, Class C      
3.53%, 02/22/49 144A 446,733   423,856
Sunrun Vulcan Issuer LLC, Series 2021-1A, Class A      
2.46%, 01/30/52 144A 649,398   618,118
Tesla Auto Lease Trust, Series 2021-A, Class D      
1.34%, 03/20/25 144A 890,000   861,257
Tesla Auto Lease Trust, Series 2021-B, Class D      
1.32%, 09/22/25 144A 500,000   474,391
Total Asset-Backed Securities
(Cost $5,176,366) 		    4,928,543
CORPORATE BONDS — 6.1%
Agilent Technologies, Inc.      
2.30%, 03/12/31 250,000   226,171
Amgen, Inc.      
2.80%, 08/15/41 100,000   86,134
4.40%, 05/01/45 197,000   207,665
4.20%, 02/22/52 140,000   145,249
Avangrid, Inc.      
3.15%, 12/01/24 850,000   849,190
3.80%, 06/01/29 250,000   253,986
    Par   Value
Becton, Dickinson and Co.      
3.73%, 12/15/24 $274,000   $278,679
1.96%, 02/11/31 165,000   145,986
4.69%, 12/15/44 150,000   161,666
BlueHub Loan Fund, Inc.      
3.10%, 01/01/30 625,000   615,804
Bridge Housing Corporation      
3.25%, 07/15/30 300,000   289,943
DH Europe Finance II S.a.r.l.      
2.60%, 11/15/29 300,000   286,311
Gilead Sciences, Inc.      
3.65%, 03/01/26 392,000   399,038
5.65%, 12/01/41 238,000   288,256
Low Income Investment Fund      
3.39%, 07/01/26 600,000   599,784
Mary Free Bed Rehabilitation Hospital      
3.79%, 04/01/51 300,000   293,998
Mead Johnson Nutrition Co.      
4.13%, 11/15/25 650,000   665,994
Medtronic, Inc.      
3.50%, 03/15/25 448,000   457,510
National Community Renaissance of California      
3.27%, 12/01/32 600,000   562,873
NextEra Energy Capital Holdings, Inc.      
3.55%, 05/01/27 500,000   506,644
1.90%, 06/15/28 475,000   438,613
2.44%, 01/15/32 580,000   531,045
PerkinElmer, Inc.      
2.25%, 09/15/31 175,000   154,972
Providence College      
3.19%, 11/01/50 600,000   520,722
Reinvestment Fund, Inc. (The)      
3.93%, 02/15/28 500,000   517,892
Verizon Communications, Inc.      
3.88%, 02/08/29 300,000   312,448
Total Corporate Bonds
(Cost $10,578,718) 		    9,796,573
FOREIGN BONDS — 1.2%
Chile — 0.2%    
Empresa de Transporte de Pasajeros Metro SA      
3.65%, 05/07/30 400,000   398,786
Ireland — 0.3%    
Shire Acquisitions Investments Ireland DAC      
3.20%, 09/23/26 500,000   501,586
Japan — 0.4%    
Takeda Pharmaceutical Co., Ltd.      
5.00%, 11/26/28 600,000   651,341
 
130
    Par   Value
United Kingdom — 0.3%    
Vodafone Group PLC      
5.25%, 05/30/48 $400,000   $449,380
Total Foreign Bonds
(Cost $2,191,089) 		  2,001,093
LOAN AGREEMENTS — 0.0%
Ciello Supermarket, Inc. STRIP, SBA Loan      
0.23%, 09/15/31 IO ††† 1,820,561   11,642
Georgia Act and Healthcare Services, Inc. STRIP, SBA Loan      
1.28%, 03/15/46 IO ††† 282,799   16,012
Ideal Therapy Rehabilitative Services II LLC STRIP, SBA Loan      
0.48%, 01/15/46 IO ††† 479,214   10,175
JILS Corporation STRIP, SBA Loan      
1.23%, 08/15/31 IO ††† 342,179   13,496
MBT Industries LLC STRIP, SBA Loan      
0.53%, 08/15/31 IO ††† 502,460   7,404
MCJT Phamaceutical Care, Inc. STRIP, SBA Loan      
1.28%, 08/15/46 IO ††† 360,491   20,410
N&K Market, Inc. STRIP, SBA Loan      
0.73%, 02/15/31 IO ††† 290,426   5,324
Southwest Technologies, Inc. STRIP, SBA Loan      
1.23%, 06/15/31 IO ††† 424,583   16,746
Total Loan Agreements
(Cost $111,835) 		    101,209
MORTGAGE-BACKED SECURITIES — 12.8%
BX Commercial Mortgage Trust, Series 2022-AHP, Class C      
(Floating, CME Term SOFR 1M + 2.09%, 2.09% Floor), 2.39%, 01/17/39 144A † 550,000   543,378
Federal Home Loan Mortgage Corporation      
2.00%, 02/01/51 3,185,036   2,964,488
2.00%, 03/01/51 2,216,469   2,063,341
3.00%, 02/01/52 699,555   685,527
3.50%, 03/01/52 1,574,000   1,579,798
Federal National Mortgage Association      
1.59%, 03/01/31 500,000   452,276
1.61%, 03/01/31 489,754   447,477
1.62%, 03/01/31 500,000   453,473
2.03%, 04/01/31 250,000   232,488
2.59%, 03/01/32 550,000   538,487
1.65%, 03/01/33 500,000   444,178
2.01%, 03/01/33 100,000   91,394
2.00%, 03/01/51 2,221,116   2,066,797
3.00%, 02/01/52 2,189,159   2,144,501
3.50%, 03/01/52 1,526,700   1,532,332
3.50%, 04/01/52 775,300   778,160
    Par   Value
FRESB Mortgage Trust, Series 2021-SB87, Class A5H      
0.78%, 04/25/41 $594,753   $557,729
Small Business Administration      
(Floating, Prime Rate U.S. + 1.07%), 4.32%, 06/25/30† 73,843   80,013
(Floating, Prime Rate U.S. + 0.93%), 4.18%, 12/25/30† 163,476   181,356
(Floating, Prime Rate U.S. + 2.33%), 5.58%, 01/25/31† 122,510   139,361
(Floating, Prime Rate U.S. + 1.03%), 4.28%, 02/25/31† 211,228   234,579
(Floating, Prime Rate U.S. + 0.33%), 3.58%, 07/25/31† 349,258   377,518
(Floating, Prime Rate U.S. + 0.85%), 4.10%, 08/25/31† 308,406   346,690
(Floating, Prime Rate U.S. - 0.36%), 2.89%, 12/25/45† 239,717   265,357
(Floating, Prime Rate U.S. + 0.55%), 3.80%, 12/25/45† 230,031   265,086
(Floating, Prime Rate U.S. + 0.12%), 3.37%, 01/25/46† 183,550   209,188
(Floating, Prime Rate U.S. + 0.33%), 3.58%, 04/25/46† 242,733   281,274
(Floating, Prime Rate U.S. + 0.38%), 3.63%, 08/25/46† 495,813   575,573
Total Mortgage-Backed Securities
(Cost $21,840,178) 		    20,531,819
MUNICIPAL BONDS — 9.5%
Arlington Higher Education Finance Corporation, Revenue Bond (PSF-Gtd.)      
0.50%, 08/15/23 410,000   404,288
Boston Water & Sewer Commission, Revenue Bond      
0.97%, 11/01/25 200,000   188,469
California State Health Facilities Financing Authority, Revenue Bond      
1.98%, 06/01/30 600,000   535,011
Carroll County Water Authority, Revenue Bond, Series B      
1.08%, 07/01/25 290,000   275,016
1.96%, 07/01/29 150,000   140,111
City & County of San Francisco, General Obligation, Series A      
1.78%, 06/15/29 600,000   550,153
City of Bossier Utilities, Revenue Bond (BAM Insured)      
1.00%, 10/01/25 370,000   349,679
City of Columbia Waterworks & Sewer System, Revenue Bond, Series B      
1.29%, 02/01/27 165,000   153,701
City of Deltona Utility System, Revenue Bond (BAM Insured)      
1.54%, 10/01/29 250,000   226,961
131
GLOBAL IMPACT FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
City of Phoenix Civic Improvement Corporation, Junior Lien Revenue Bond, Series C      
1.84%, 07/01/29 $640,000   $598,781
City of Tacoma Washington Electric System Revenue, Revenue Bond      
5.64%, 01/01/27 600,000   674,807
Connecticut Green Bank, Revenue Bond      
2.15%, 11/15/29 207,000   191,781
Connecticut Housing Finance Authority, Revenue Bond, Series 29      
1.20%, 06/15/25 400,000   379,303
Cucamonga Valley Water District Financing Authority, Revenue Bond, Series A      
0.99%, 09/01/25 150,000   141,993
Cucamonga Valley Water District Financing Authority, Revenue Bond, Series B      
3.86%, 09/01/30 140,000   148,924
Denver City & County Housing Authority, Revenue Bond (HUD Sector 8 Program)      
0.84%, 08/01/24 500,000   477,064
District of Columbia Housing Finance Agency, Revenue Bond, Series A-2 (FHA Insured)      
1.90%, 03/01/29 140,000   128,671
2.05%, 03/01/30 420,000   384,892
Honolulu City & County Board of Water Supply, Revenue Bond, Series B      
1.16%, 07/01/26 580,000   539,887
Iowa State Finance Authority, Revenue Bond, Series B      
0.47%, 08/01/24 350,000   333,840
Lancaster Power Authority, Revenue Bond (AGM Insured)      
2.56%, 11/01/33 275,000   257,103
2.68%, 11/01/34 275,000   257,746
Metropolitan Water District of Salt Lake & Sandy, Revenue Bond, Series B      
1.52%, 07/01/28 200,000   184,984
Monterey Regional Waste Management Authority, Revenue Bond      
2.31%, 04/01/32 700,000   646,555
Montgomery Water Works & Sanitary Sewer Board, Revenue Bond      
2.00%, 09/01/26 400,000   389,132
Narragansett Bay Commission, Revenue Bond      
2.09%, 09/01/30 500,000   458,209
New York City Housing Development Corporation, Revenue Bond, Series B      
0.82%, 05/01/25 150,000   140,673
0.92%, 11/01/25 200,000   186,298
    Par   Value
1.02%, 05/01/26 $250,000   $231,250
New York State Housing Finance Agency, Revenue Bond (SonyMA Insured)      
1.13%, 11/01/25 165,000   155,141
Newark Higher Education Finance Corporation, Revenue Bond, Series A      
4.62%, 04/01/50 600,000   602,009
North Carolina Capital Facilities Finance Agency, Revenue Bond, Series B      
1.05%, 10/01/23 150,000   145,505
1.43%, 10/01/24 100,000   94,930
Redevelopment Authority of the City of Philadelphia, Revenue Bond, Series A      
1.93%, 09/01/27 500,000   467,283
Regional Transportation District Sales Tax, Revenue Bond, Series A      
0.70%, 11/01/25 600,000   559,045
Riverside Community College District, General Obligation      
0.82%, 08/01/25 195,000   183,275
Romulus Community Schools, General Obligation, Series B (Q-SBLF Insured)      
1.00%, 05/01/25 200,000   188,259
Rowland Water District, Revenue Bond, Series A      
2.56%, 12/01/36 590,000   525,094
San Antonio Education Facilities Corporation, Revenue Bond      
1.74%, 04/01/25 250,000   236,447
San Diego Public Facilities Financing Authority, Revenue Bond, Series A      
2.13%, 08/01/29 290,000   274,925
Santa Clara Valley Water District COPS, Series D      
1.78%, 06/01/31 440,000   399,530
Silicon Valley Clean Water, Revenue Bond, Series A      
1.38%, 08/01/27 240,000   223,503
Somerset County Improvement Authority, Revenue Bond (County Gtd.)      
0.97%, 04/15/25 530,000   503,780
Spartanburg Sanitary Sewer District, Revenue Bond      
1.19%, 03/01/26 300,000   282,470
Tift County Hospital Authority, Revenue Bond (County Gtd.)      
1.05%, 12/01/25 325,000   305,960
United Independent School District, General Obligation (PSF-Gtd.)      
5.00%, 08/15/25 160,000   171,557
 
132
    Par   Value
Upper Santa Clara Valley Joint Powers Authority, Revenue Bond, Series B      
1.18%, 08/01/26 $360,000   $336,312
Total Municipal Bonds
(Cost $16,307,643) 		    15,230,307
PRIVATE INVESTMENT — 0.6%
Calvert Impact Capital, Inc.
(Cost $1,000,000) 		1,000,000   1,000,000
    
    Shares  
COMMON STOCKS — 34.3%
Consumer Discretionary — 1.2%  
Home Depot, Inc. (The) 3,015 902,480
NIKE, Inc. Class B 7,488 1,007,585
      1,910,065
Consumer Staples — 0.3%  
McCormick & Co., Inc. (Non-Voting Shares) 5,349 533,830
Financials — 4.4%  
Marsh & McLennan Cos., Inc. 14,878 2,535,509
Progressive Corporation (The) 17,893 2,039,623
Walker & Dunlop, Inc. 18,864 2,441,379
      7,016,511
Health Care — 2.3%  
Accolade, Inc.Δ * 11,864 208,332
Encompass Health Corporation 24,116 1,714,889
Humana, Inc. 4,060 1,766,790
      3,690,011
Industrials — 5.4%  
Advanced Drainage Systems, Inc. 8,789 1,044,221
Evoqua Water Technologies CorporationΔ * 80,710 3,791,756
Westinghouse Air Brake Technologies Corporation 25,365 2,439,352
Xylem, Inc. 16,957 1,445,754
      8,721,083
Information Technology — 18.0%  
Adobe, Inc.* 3,196 1,456,162
Autodesk, Inc.* 11,961 2,563,840
Avalara, Inc.* 15,142 1,506,780
Bill.com Holdings, Inc.* 4,649 1,054,347
Cadence Design Systems, Inc.* 9,629 1,583,585
IPG Photonics Corporation* 11,481 1,260,155
Lam Research Corporation 3,891 2,091,841
Mastercard, Inc. Class A 5,445 1,945,934
Microchip Technology, Inc. 24,796 1,863,171
Microsoft Corporation 19,695 6,072,165
NVIDIA Corporation 14,781 4,033,144
Texas Instruments, Inc. 9,530 1,748,564
Zendesk, Inc.* 13,713 1,649,537
      28,829,225
Real Estate — 2.7%  
Crown Castle International Corporation REIT 7,976 1,472,370
    Shares   Value
Equinix, Inc. REIT 2,010   $1,490,656
Prologis, Inc. REIT 8,655   1,397,609
        4,360,635
Total Common Stocks
(Cost $48,812,897) 		    55,061,360
FOREIGN COMMON STOCKS — 27.4%
Australia — 0.2%    
Nanosonics, Ltd.Δ * 95,792   282,091
Canada — 4.0%    
Boralex, Inc. Class AΔ 57,542   1,865,058
Innergex Renewable Energy, Inc.Δ 111,239   1,768,933
Intact Financial Corporation 19,397   2,866,067
        6,500,058
France — 2.4%    
Legrand SA 15,367   1,461,041
Schneider Electric SE 14,392   2,416,278
        3,877,319
Germany — 1.5%    
adidas AG 5,057   1,178,413
Knorr-Bremse AG 16,015   1,227,662
        2,406,075
Hong Kong — 1.5%    
AIA Group, Ltd. 183,800   1,919,219
Linklogis, Inc. Class B 144A Δ * 457,387   431,353
        2,350,572
Ireland — 3.3%    
Aon PLC Class A 10,494   3,417,161
ICON PLC* 7,998   1,945,274
        5,362,435
Japan — 5.1%    
Murata Manufacturing Co., Ltd. 23,500   1,548,011
Nidec Corporation 14,400   1,137,356
Nintendo Co., Ltd. 4,200   2,120,001
Shimadzu Corporation 47,400   1,630,300
Shimano, Inc. 7,600   1,740,463
        8,176,131
Jersey — 1.1%    
Aptiv PLC* 14,683   1,757,702
Netherlands — 2.2%    
ASML Holding NV 2,821   1,885,054
Wolters Kluwer NV 14,781   1,575,750
        3,460,804
Switzerland — 1.4%    
TE Connectivity, Ltd. 16,823   2,203,476
Taiwan — 1.7%    
Taiwan Semiconductor Manufacturing Co., Ltd. ADR 26,463   2,759,032
United Kingdom — 3.0%    
Atlassian Corporation PLC Class A* 5,962   1,751,815
DS Smith PLC 292,015   1,228,132
133
GLOBAL IMPACT FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
SSE PLC 80,028   $1,828,563
        4,808,510
Total Foreign Common Stocks
(Cost $46,309,053) 		    43,944,205
MONEY MARKET FUNDS — 3.7%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø ∞ 		5,808,778   5,808,778
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%Ø § 110,250   110,250
Total Money Market Funds
(Cost $5,919,028) 		    5,919,028
TOTAL INVESTMENTS  —99.3%
(Cost $159,246,807) 		    159,450,993
Other Assets in Excess of
Liabilities — 0.7% 		    1,143,608
NET ASSETS — 100.0%     $160,594,601
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
MSCI EAFE Index   06/2022   5   $536,100   $4,969
MSCI Emerging Markets   06/2022   4   225,100   2,539
10-Year U.S. Treasury Note   06/2022   (56)   (6,881,000)   220,500
Ultra 10-Year U.S. Treasury Note   06/2022   (22)   (2,980,313)   103,666
Ultra Long U.S. Treasury Bond   06/2022   31   5,490,875   (220,638)
2-Year U.S. Treasury Note   06/2022   22   4,662,282   (64,908)
5-Year U.S. Treasury Note   06/2022   2   229,375   (6,297)
Total Futures Contracts outstanding at March 31, 2022           $1,282,419   $39,831
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
134
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 95.5%
Communication Services — 9.5%    
Activision Blizzard, Inc. 67,691   $5,422,726
Alphabet, Inc. Class A* 24,283   67,539,522
Alphabet, Inc. Class C* 22,760   63,568,452
AT&T, Inc. 621,024   14,674,797
Charter Communications, Inc. Class A* 11,090   6,049,817
Comcast Corporation Class A 376,227   17,614,948
Discovery, Inc. Class AΔ* 27,796   692,676
Discovery, Inc. Class C* 15,921   397,547
DISH Network Corporation Class AΔ* 18,408   582,613
Electronic Arts, Inc. 25,211   3,189,444
Fox Corporation Class A 31,129   1,228,039
Fox Corporation Class B 9,099   330,112
Interpublic Group of Cos., Inc. (The) 47,139   1,671,077
Live Nation Entertainment, Inc.* 10,940   1,286,982
Lumen Technologies, Inc. 121,774   1,372,393
Match Group, Inc.* 21,213   2,306,702
Meta Platforms, Inc. Class A* 193,191   42,957,951
Netflix, Inc.* 35,817   13,416,690
News Corporation Class A 13,865   307,110
News Corporation Class B 13,984   314,920
Omnicom Group, Inc. 24,095   2,045,184
Paramount Global Class BΔ 52,671   1,991,490
Take-Two Interactive Software, Inc.* 10,102   1,553,081
T-Mobile US, Inc.* 47,662   6,117,418
Twitter, Inc.* 60,429   2,337,998
Verizon Communications, Inc. 435,557   22,187,274
Walt Disney Co. (The)* 146,419   20,082,830
        301,239,793
Consumer Discretionary — 11.3%    
Advance Auto Parts, Inc. 6,948   1,437,958
Amazon.com, Inc.* 35,432   115,506,548
AutoZone, Inc.* 2,011   4,111,650
Bath & Body Works, Inc. 13,836   661,361
Best Buy Co., Inc. 15,833   1,439,220
Booking Holdings, Inc.* 3,294   7,735,794
BorgWarner, Inc. 6,279   244,253
CarMax, Inc.* 12,596   1,215,262
Carnival Corporation* 84,836   1,715,384
Chipotle Mexican Grill, Inc.* 2,169   3,431,423
D.R. Horton, Inc. 16,760   1,248,788
Darden Restaurants, Inc. 9,727   1,293,205
Dollar General Corporation 18,720   4,167,634
Dollar Tree, Inc.* 18,243   2,921,616
Domino’s Pizza, Inc. 3,030   1,233,240
eBay, Inc. 57,037   3,265,939
Etsy, Inc.Δ* 9,267   1,151,703
Expedia Group, Inc.* 10,462   2,047,100
Ford Motor Co. 308,985   5,224,936
General Motors Co.* 106,950   4,677,993
Genuine Parts Co. 12,313   1,551,684
Hasbro, Inc. 10,784   883,425
Hilton Worldwide Holdings, Inc.* 23,098   3,504,890
Home Depot, Inc. (The) 84,598   25,322,719
    Shares   Value
Lennar Corporation Class A 14,886   $1,208,297
LKQ Corporation 18,658   847,260
Lowe’s Cos., Inc. 57,516   11,629,160
Marriott International, Inc. Class A* 21,380   3,757,535
McDonald’s Corporation 63,693   15,750,005
Mohawk Industries, Inc.* 2,387   296,465
Newell Brands, Inc. 39,118   837,516
NIKE, Inc. Class B 104,453   14,055,196
Norwegian Cruise Line Holdings, Ltd.Δ* 41,279   903,185
NVR, Inc.* 171   763,903
O’Reilly Automotive, Inc.* 5,716   3,915,231
Pool Corporation 3,147   1,330,709
PulteGroup, Inc. 5,415   226,888
PVH Corporation 2,959   226,689
Ralph Lauren Corporation 2,058   233,460
Ross Stores, Inc. 25,592   2,315,052
Royal Caribbean Cruises, Ltd.Δ* 22,682   1,900,298
Starbucks Corporation 98,522   8,962,546
Tapestry, Inc. 24,199   898,993
Target Corporation 41,380   8,781,664
Tesla, Inc.* 65,435   70,512,756
TJX Cos., Inc. (The) 90,590   5,487,942
Tractor Supply Co. 7,490   1,747,941
Ulta Beauty, Inc.* 3,840   1,529,165
Under Armour, Inc. Class A* 20,379   346,851
Under Armour, Inc. Class C* 9,410   146,420
VF Corporation 27,573   1,567,801
Whirlpool Corporation 4,600   794,788
Yum! Brands, Inc. 24,402   2,892,369
        359,859,810
Consumer Staples — 6.5%    
Archer-Daniels-Midland Co. 58,262   5,258,728
Campbell Soup Co. 28,952   1,290,391
Church & Dwight Co., Inc. 27,416   2,724,602
Clorox Co. (The) 12,213   1,697,973
Coca-Cola Co. (The) 374,142   23,196,804
Colgate-Palmolive Co. 83,433   6,326,724
Conagra Brands, Inc. 80,687   2,708,663
Costco Wholesale Corporation 36,347   20,930,420
Estee Lauder Cos., Inc. (The) Class A 19,563   5,327,396
General Mills, Inc. 96,621   6,543,174
Hershey Co. (The) 29,702   6,434,344
Hormel Foods Corporation 43,964   2,265,905
J.M. Smucker Co. (The) 15,075   2,041,306
Kellogg Co. 47,724   3,077,721
Kimberly-Clark Corporation 31,736   3,908,606
Kraft Heinz Co. (The) 63,648   2,507,095
Kroger Co. (The) 81,475   4,674,221
Lamb Weston Holdings, Inc. 17,029   1,020,207
McCormick & Co., Inc. (Non-Voting Shares) 25,400   2,534,920
Mondelez International, Inc. Class A 158,472   9,948,872
Monster Beverage Corporation* 36,278   2,898,612
PepsiCo, Inc. 145,366   24,331,361
Procter & Gamble Co. (The) 245,025   37,439,820
Sysco Corporation 37,870   3,092,085
 
135
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Tyson Foods, Inc. Class A 27,409   $2,456,669
Walgreens Boots Alliance, Inc. 61,239   2,741,670
Walmart, Inc. 131,003   19,508,967
        206,887,256
Energy — 3.6%    
APA Corporation 18,290   755,926
Archrock, Inc. 13   120
Baker Hughes Co. 60,056   2,186,639
Chevron Corporation 161,435   26,286,461
ConocoPhillips 114,931   11,493,100
Coterra Energy, Inc. 73,032   1,969,673
Devon Energy Corporation 49,912   2,951,297
Diamondback Energy, Inc. 10,890   1,492,801
EOG Resources, Inc. 47,427   5,654,721
Exterran Corporation* 6   37
Exxon Mobil Corporation 355,827   29,387,752
Halliburton Co. 68,091   2,578,606
Hess Corporation 18,891   2,022,093
Kinder Morgan, Inc. 146,006   2,760,973
Marathon Oil Corporation 59,299   1,488,998
Marathon Petroleum Corporation 50,234   4,295,007
Occidental Petroleum Corporation 65,681   3,726,740
ONEOK, Inc. 35,809   2,529,190
Phillips 66 31,961   2,761,111
Pioneer Natural Resources Co. 18,667   4,667,310
Valero Energy Corporation 31,110   3,158,909
Williams Cos., Inc. (The) 96,309   3,217,684
        115,385,148
Financials — 10.7%    
Aflac, Inc. 55,516   3,574,675
Allstate Corporation (The) 28,840   3,994,628
American Express Co. 56,945   10,648,715
American International Group, Inc. 67,569   4,241,306
Ameriprise Financial, Inc. 10,345   3,107,224
Arthur J. Gallagher & Co. 15,093   2,635,238
Assurant, Inc. 2,341   425,664
Bank of America Corporation 621,241   25,607,554
Bank of New York Mellon Corporation (The) 72,967   3,621,352
Berkshire Hathaway, Inc. Class B* 155,715   54,953,381
BlackRock, Inc. 12,151   9,285,430
Brown & Brown, Inc. 18,702   1,351,594
Capital One Financial Corporation 34,907   4,582,940
Cboe Global Markets, Inc. 8,664   991,335
Charles Schwab Corporation (The) 124,970   10,536,221
Cincinnati Financial Corporation 10,988   1,493,928
Citigroup, Inc. 170,029   9,079,549
Citizens Financial Group, Inc. 18,464   836,973
CME Group, Inc. 29,593   7,038,991
Comerica, Inc. 10,547   953,765
Discover Financial Services 22,685   2,499,660
Everest Re Group, Ltd. 3,173   956,279
FactSet Research Systems, Inc. 3,042   1,320,684
Fifth Third Bancorp 52,084   2,241,695
First Republic Bank 11,885   1,926,558
Franklin Resources, Inc. 23,495   655,980
Globe Life, Inc. 4,186   421,112
    Shares   Value
Goldman Sachs Group, Inc. (The) 27,330   $9,021,633
Hartford Financial Services Group, Inc. (The) 28,747   2,064,322
Huntington Bancshares, Inc. 118,830   1,737,295
Intercontinental Exchange, Inc. 43,068   5,690,144
Invesco, Ltd. 17,740   409,084
JPMorgan Chase & Co. 249,235   33,975,715
KeyCorp 64,549   1,444,607
Lincoln National Corporation 16,646   1,087,983
Loews Corporation 3,079   199,581
M&T Bank CorporationΔ 10,059   1,705,000
MarketAxess Holdings, Inc. 2,840   966,168
Marsh & McLennan Cos., Inc. 39,915   6,802,314
MetLife, Inc. 64,005   4,498,271
Moody’s Corporation 11,483   3,874,479
Morgan Stanley 122,245   10,684,213
MSCI, Inc. 6,284   3,160,098
Nasdaq, Inc. 9,140   1,628,748
Northern Trust Corporation 16,617   1,935,050
People’s United Financial, Inc. 11,480   229,485
PNC Financial Services Group, Inc. (The) 34,137   6,296,570
Principal Financial Group, Inc. 22,421   1,645,926
Progressive Corporation (The) 59,205   6,748,778
Prudential Financial, Inc. 36,128   4,269,246
Raymond James Financial, Inc. 13,842   1,521,374
Regions Financial Corporation 40,587   903,467
S&P Global, Inc. 26,898   11,033,186
Signature Bank 4,900   1,438,101
State Street Corporation 30,870   2,689,394
SVB Financial Group* 4,898   2,740,186
Synchrony Financial 55,655   1,937,351
T. Rowe Price Group, Inc. 22,044   3,332,832
Travelers Cos., Inc. (The) 21,004   3,838,061
Truist Financial Corporation 104,234   5,910,068
U.S. Bancorp 117,801   6,261,123
W.R. Berkley Corporation 16,901   1,125,404
Wells Fargo & Co. 334,461   16,207,980
Zions Bancorp NA 7,446   488,160
        338,483,828
Health Care — 12.0%    
Abbott Laboratories 164,886   19,515,907
ABIOMED, Inc.* 4,950   1,639,638
Agilent Technologies, Inc. 45,567   6,029,881
Align Technology, Inc.* 6,636   2,893,296
AmerisourceBergen Corporation 17,971   2,780,293
Amgen, Inc. 77,723   18,794,976
Anthem, Inc. 21,194   10,410,917
Baxter International, Inc. 49,046   3,803,027
Becton, Dickinson and Co. 34,256   9,112,096
Biogen, Inc.* 17,530   3,691,818
Bio-Rad Laboratories, Inc. Class A* 4,307   2,425,832
Boston Scientific Corporation* 120,221   5,324,588
Cardinal Health, Inc. 27,527   1,560,781
Catalent, Inc.* 45,285   5,022,106
Centene Corporation* 48,859   4,113,439
Cerner Corporation 44,374   4,151,631
 
136
    Shares   Value
Charles River Laboratories International, Inc.* 10,283   $2,920,064
Cigna Corporation 29,323   7,026,084
CVS Health Corporation 115,848   11,724,976
Danaher Corporation 68,828   20,189,317
DaVita, Inc.* 13,768   1,557,298
DENTSPLY SIRONA, Inc. 26,241   1,291,582
DexCom, Inc.* 8,564   4,381,342
Edwards Lifesciences Corporation* 57,327   6,748,534
Eli Lilly and Co. 95,853   27,449,424
Gilead Sciences, Inc. 262,616   15,612,521
HCA Healthcare, Inc. 23,088   5,786,315
Henry Schein, Inc.* 11,738   1,023,436
Hologic, Inc.* 29,305   2,251,210
Humana, Inc. 10,676   4,645,875
IDEXX Laboratories, Inc.* 7,551   4,130,850
Illumina, Inc.* 14,975   5,232,265
Incyte Corporation* 54,549   4,332,282
Intuitive Surgical, Inc.* 30,693   9,259,464
IQVIA Holdings, Inc.* 33,184   7,672,473
Laboratory Corporation of America Holdings* 7,436   1,960,576
McKesson Corporation 13,291   4,068,774
Mettler-Toledo International, Inc.* 2,979   4,090,733
Moderna, Inc.* 30,751   5,297,167
Molina Healthcare, Inc.* 4,758   1,587,221
Organon & Co. 69,962   2,443,773
PerkinElmer, Inc. 21,598   3,767,987
Quest Diagnostics, Inc. 16,017   2,192,087
Regeneron Pharmaceuticals, Inc.* 15,098   10,544,745
ResMed, Inc. 11,820   2,866,468
Stryker Corporation 27,962   7,475,641
Teleflex, Inc. 4,060   1,440,610
UnitedHealth Group, Inc. 82,292   41,966,451
Universal Health Services, Inc. Class B 6,340   918,983
Vertex Pharmaceuticals, Inc.* 43,872   11,449,276
Viatris, Inc. 418,235   4,550,397
Waters Corporation* 8,175   2,537,438
West Pharmaceutical Services, Inc. 14,246   5,850,975
Zimmer Biomet Holdings, Inc. 21,341   2,729,514
Zoetis, Inc. 100,365   18,927,835
        381,172,189
Industrials — 7.4%    
3M Co. 52,910   7,877,241
A.O. Smith Corporation 16,217   1,036,104
Alaska Air Group, Inc.* 10,021   581,318
American Airlines Group, Inc.Δ* 66,936   1,221,582
AMETEK, Inc. 16,745   2,230,099
Boeing Co. (The)* 45,776   8,766,104
C.H. Robinson Worldwide, Inc. 12,459   1,341,959
Carrier Global Corporation 63,362   2,906,415
Caterpillar, Inc. 44,540   9,924,403
Cintas Corporation 6,438   2,738,661
Copart, Inc.* 11,178   1,402,504
CSX Corporation 195,759   7,331,174
Cummins, Inc. 10,680   2,190,575
Deere & Co. 24,563   10,204,944
    Shares   Value
Delta Air Lines, Inc.* 64,874   $2,567,064
Dover Corporation 13,712   2,151,413
Emerson Electric Co. 55,944   5,485,309
Equifax, Inc. 11,124   2,637,500
Expeditors International of Washington, Inc. 6,818   703,345
Fastenal Co. 36,004   2,138,638
FedEx Corporation 19,831   4,588,695
Fortive Corporation 28,093   1,711,706
Fortune Brands Home & Security, Inc. 13,017   966,903
Generac Holdings, Inc.* 4,876   1,449,440
General Dynamics Corporation 20,407   4,921,760
General Electric Co. 90,769   8,305,363
Honeywell International, Inc. 55,553   10,809,503
Howmet Aerospace, Inc. 32,372   1,163,450
Huntington Ingalls Industries, Inc. 2,805   559,429
IDEX Corporation 5,716   1,095,929
Illinois ToolWorks, Inc. 25,469   5,333,209
Ingersoll-Rand, Inc. 30,890   1,555,311
J.B. Hunt Transport Services, Inc. 9,677   1,943,045
Jacobs Engineering Group, Inc. 12,155   1,675,081
L3Harris Technologies, Inc. 16,801   4,174,544
Leidos Holdings, Inc. 10,893   1,176,662
Lockheed Martin Corporation 22,033   9,725,366
Masco Corporation 23,878   1,217,778
Norfolk Southern Corporation 19,839   5,658,480
Northrop Grumman Corporation 12,728   5,692,216
Old Dominion Freight Line, Inc. 7,428   2,218,595
Otis Worldwide Corporation 31,681   2,437,853
PACCAR, Inc. 22,794   2,007,468
Parker-Hannifin Corporation 8,815   2,501,344
Quanta Services, Inc. 5,431   714,774
Raytheon Technologies Corporation 126,686   12,550,782
Republic Services, Inc. 19,655   2,604,287
Robert Half International, Inc. 4,920   561,766
Rockwell Automation, Inc. 11,922   3,338,518
Rollins, Inc. 21,375   749,194
Roper Technologies, Inc. 8,524   4,025,288
Snap-on, Inc. 5,899   1,212,126
Southwest Airlines Co.* 54,434   2,493,077
Stanley Black & Decker, Inc. 10,352   1,447,106
Textron, Inc. 19,700   1,465,286
TransDigm Group, Inc.* 3,870   2,521,460
Union Pacific Corporation 55,813   15,248,670
United Airlines Holdings, Inc.* 19,397   899,245
United Parcel Service, Inc. Class B 59,797   12,824,065
United Rentals, Inc.* 4,677   1,661,317
Verisk Analytics, Inc. 12,729   2,732,025
W.W. Grainger, Inc. 3,321   1,712,939
Waste Management, Inc. 33,085   5,243,972
Westinghouse Air Brake Technologies Corporation 11,295   1,086,240
Xylem, Inc. 9,669   824,379
        234,241,998
Information Technology — 26.9%    
Adobe, Inc.* 38,494   17,538,636
Advanced Micro Devices, Inc.* 129,140   14,120,168
137
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Akamai Technologies, Inc.* 12,022   $1,435,307
Amphenol Corporation Class A 53,795   4,053,453
Analog Devices, Inc. 49,747   8,217,209
ANSYS, Inc.* 6,671   2,119,043
Apple, Inc. 1,271,600   222,034,076
Applied Materials, Inc. 71,724   9,453,223
Arista Networks, Inc.* 18,552   2,578,357
Autodesk, Inc.* 18,555   3,977,264
Automatic Data Processing, Inc. 36,726   8,356,634
Broadcom, Inc. 34,492   21,718,923
Broadridge Financial Solutions, Inc. 6,807   1,059,918
Cadence Design Systems, Inc.* 18,580   3,055,667
CDW Corporation 11,000   1,967,790
Ceridian HCM Holding, Inc.* 10,792   737,741
Cisco Systems, Inc. 350,235   19,529,104
Citrix Systems, Inc. 9,508   959,357
Cognizant Technology Solutions Corporation Class A 43,559   3,905,936
Corning, Inc. 59,799   2,207,181
DXC Technology Co.* 18,725   610,997
Enphase Energy, Inc.* 10,555   2,129,788
EPAM Systems, Inc.* 4,569   1,355,211
F5, Inc.* 6,504   1,359,011
Fidelity National Information Services, Inc. 47,995   4,819,658
Fiserv, Inc.* 43,328   4,393,459
FleetCor Technologies, Inc.* 6,254   1,557,621
Fortinet, Inc.* 11,550   3,947,097
Gartner, Inc.* 5,295   1,575,051
Global Payments, Inc. 22,769   3,115,710
Hewlett Packard Enterprise Co. 113,804   1,901,665
HP, Inc. 103,716   3,764,891
Intel Corporation 328,598   16,285,317
International Business Machines Corporation 75,798   9,855,256
Intuit, Inc. 22,108   10,630,411
IPG Photonics Corporation* 2,807   308,096
Jack Henry & Associates, Inc. 5,530   1,089,687
Juniper Networks, Inc. 50,500   1,876,580
Keysight Technologies, Inc.* 13,420   2,119,957
KLA Corporation 11,211   4,103,899
Lam Research Corporation 10,705   5,755,115
Mastercard, Inc. Class A 71,135   25,422,226
Microchip Technology, Inc. 41,030   3,082,994
Micron Technology, Inc. 84,017   6,544,084
Microsoft Corporation 620,254   191,230,511
Monolithic Power Systems, Inc. 3,300   1,602,744
Motorola Solutions, Inc. 13,048   3,160,226
NetApp, Inc. 18,482   1,534,006
NortonLifeLock, Inc. 62,969   1,669,938
NVIDIA Corporation 201,327   54,934,085
Oracle Corporation 144,267   11,935,209
Paychex, Inc. 27,668   3,775,852
Paycom Software, Inc.* 3,850   1,333,563
PayPal Holdings, Inc.* 93,571   10,821,486
PTC, Inc.* 6,734   725,386
Qorvo, Inc.* 8,118   1,007,444
QUALCOMM, Inc. 91,816   14,031,321
    Shares   Value
salesforce.com, Inc.* 80,450   $17,081,144
ServiceNow, Inc.* 16,274   9,062,828
Skyworks Solutions, Inc. 14,117   1,881,514
SolarEdge Technologies, Inc.* 4,244   1,368,138
Synopsys, Inc.* 12,360   4,119,217
Teledyne Technologies, Inc.* 3,268   1,544,555
Teradyne, Inc. 9,806   1,159,363
Texas Instruments, Inc. 78,134   14,336,026
Trimble, Inc.* 19,275   1,390,498
Tyler Technologies, Inc.* 3,141   1,397,399
VeriSign, Inc.* 7,867   1,750,093
Visa, Inc. Class AΔ 135,771   30,109,935
Western Digital Corporation* 22,012   1,092,896
Zebra Technologies Corporation Class A* 4,187   1,732,162
        852,416,307
Materials — 2.1%    
Air Products and Chemicals, Inc. 18,561   4,638,580
Albemarle Corporation 8,321   1,840,189
Avery Dennison Corporation 3,272   569,230
Ball Corporation 26,240   2,361,600
Celanese Corporation 9,582   1,368,980
CF Industries Holdings, Inc. 17,082   1,760,471
Corteva, Inc. 55,219   3,173,988
Dow, Inc. 72,331   4,608,931
DuPont de Nemours, Inc. 47,302   3,480,481
Eastman Chemical Co. 14,389   1,612,431
Ecolab, Inc. 16,680   2,945,021
FMC Corporation 5,397   710,083
Freeport-McMoRan, Inc. 112,863   5,613,806
International Flavors & Fragrances, Inc. 19,185   2,519,566
International Paper Co. 43,581   2,011,263
Martin Marietta Materials, Inc. 5,969   2,297,409
Mosaic Co. (The) 26,057   1,732,791
Newmont Corporation 67,991   5,401,885
Nucor Corporation 32,443   4,822,652
Packaging Corporation of America 6,567   1,025,174
PPG Industries, Inc. 18,443   2,417,324
Sealed Air Corporation 10,710   717,142
Sherwin-Williams Co. (The) 19,044   4,753,763
Vulcan Materials Co. 11,222   2,061,481
Westrock Co. 21,818   1,026,101
        65,470,342
Real Estate — 2.7%    
Alexandria Real Estate Equities, Inc. REIT 11,494   2,313,167
American Tower Corporation REIT 37,022   9,300,667
AvalonBay Communities, Inc. REIT 11,730   2,913,380
Boston Properties, Inc. REIT 11,272   1,451,834
CBRE Group, Inc. Class A* 35,708   3,267,996
Crown Castle International Corporation REIT 35,778   6,604,619
Digital Realty Trust, Inc. REIT 25,560   3,624,408
Duke Realty Corporation REIT 32,547   1,889,679
Equinix, Inc. REIT 8,002   5,934,443
 
138
    Shares   Value
Equity Residential REIT 36,341   $3,267,783
Essex Property Trust, Inc. REIT 5,627   1,944,016
Extra Space Storage, Inc. REIT 8,534   1,754,590
Federal Realty Investment Trust REIT 2,600   317,382
Healthpeak Properties, Inc. REIT 46,597   1,599,675
Host Hotels & Resorts, Inc. REIT 47,435   921,662
Iron Mountain, Inc. REIT 32,755   1,814,955
Kimco Realty Corporation REIT 56,971   1,407,184
Mid-America Apartment Communities, Inc. REIT 7,607   1,593,286
Prologis, Inc. REIT 61,392   9,913,580
Public Storage REIT 13,141   5,128,669
Realty Income Corporation REIT 28,647   1,985,237
Regency Centers Corporation REIT 15,104   1,077,519
SBA Communications Corporation REIT 9,082   3,125,116
Simon Property Group, Inc. REIT 25,427   3,345,176
UDR, Inc. REIT 16,995   975,003
Ventas, Inc. REIT 33,547   2,071,863
Vornado Realty Trust REIT 15,993   724,803
Welltower, Inc. REIT 31,626   3,040,524
Weyerhaeuser Co. REIT 57,740   2,188,346
        85,496,562
Utilities — 2.8%    
AES Corporation (The) 56,201   1,446,052
Alliant Energy Corporation 22,632   1,414,047
Ameren Corporation 19,884   1,864,324
American Electric Power Co., Inc. 43,060   4,296,096
American Water Works Co., Inc. 16,760   2,774,283
Atmos Energy Corporation 8,640   1,032,394
CenterPoint Energy, Inc. 50,231   1,539,078
CMS Energy Corporation 24,417   1,707,725
Consolidated Edison, Inc. 33,879   3,207,664
Constellation Energy Corporation 21,977   1,236,206
Dominion Energy, Inc. 72,926   6,196,522
DTE Energy Co. 16,224   2,144,975
Duke Energy Corporation 81,288   9,076,618
Edison International 40,240   2,820,824
Entergy Corporation 21,410   2,499,617
Evergy, Inc. 17,247   1,178,660
Eversource Energy 30,559   2,694,998
Exelon Corporation 65,931   3,140,293
FirstEnergy Corporation 51,603   2,366,514
NextEra Energy, Inc. 152,587   12,925,645
NiSource, Inc. 23,079   733,912
NRG Energy, Inc. 19,377   743,302
Pinnacle West Capital Corporation 4,108   320,835
PPL Corporation 73,784   2,107,271
Public Service Enterprise Group, Inc. 46,751   3,272,570
Sempra Energy 20,984   3,527,830
Southern Co. (The) 92,202   6,685,567
WEC Energy Group, Inc. 26,694   2,664,328
Xcel Energy, Inc. 35,982   2,596,821
        88,214,971
Total Common Stocks
(Cost $1,661,603,825) 		  3,028,868,204
    Shares   Value
FOREIGN COMMON STOCKS — 3.1%
Curacao — 0.2%    
Schlumberger NV 110,484   $4,564,094
Ireland — 2.2%    
Accenture PLC Class A 50,763   17,118,807
Allegion PLC 11,277   1,237,989
Aon PLC Class A 19,060   6,206,508
Eaton Corporation PLC 34,612   5,252,717
Johnson Controls International PLC 75,803   4,970,403
Linde PLC 42,397   13,542,874
Medtronic PLC 114,412   12,694,011
Pentair PLC 6,692   362,773
Seagate Technology Holdings PLC 20,280   1,823,172
STERIS PLC 7,533   1,821,253
Trane Technologies PLC 16,206   2,474,656
Willis Towers Watson PLCΔ 12,561   2,967,159
        70,472,322
Jersey — 0.1%    
Amcor PLC 120,129   1,361,061
Aptiv PLC* 21,684   2,595,792
        3,956,853
Netherlands — 0.2%    
LyondellBasell Industries NV Class A 27,312   2,808,220
NXP Semiconductor NV 19,939   3,690,310
        6,498,530
Switzerland — 0.4%    
Chubb, Ltd. 35,583   7,611,204
Garmin, Ltd. 8,253   978,888
TE Connectivity, Ltd. 28,610   3,747,338
        12,337,430
United Kingdom — 0.0%    
Nielsen Holdings PLC 40,749   1,110,003
Total Foreign Common Stocks
(Cost $62,614,482) 		  98,939,232
MONEY MARKET FUNDS — 1.4%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		42,774,947   42,774,947
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 1,111,497   1,111,497
Total Money Market Funds
(Cost $43,886,444) 		  43,886,444
TOTAL INVESTMENTS — 100.0%
(Cost $1,768,104,751) 		    3,171,693,880
Other Assets in Excess of
Liabilities — 0.0% 		    1,155,106
NET ASSETS — 100.0%     $3,172,848,986
139
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (Continued)
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
S&P 500® E-Mini   06/2022   190   $43,042,125   $2,960,279
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
140
VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 84.2%
Communication Services — 5.8%    
Altice U.S.A., Inc. Class A* 661,277   $8,252,737
AT&T, Inc. 187,264   4,425,048
Comcast Corporation Class A 456,005   21,350,154
Discovery, Inc. Class AΔ* 133,289   3,321,562
Fox Corporation Class A 128,654   5,075,400
Paramount Global Class BΔ 147,210   5,566,010
T-Mobile US, Inc.* 72,428   9,296,134
Verizon Communications, Inc. 387,355   19,731,864
        77,018,909
Consumer Discretionary — 7.8%    
Advance Auto Parts, Inc. 91,090   18,851,986
Aramark 261,695   9,839,732
Darden Restaurants, Inc. 39,925   5,308,029
Dick's Sporting Goods, Inc. 35,895   3,590,218
Dollar General Corporation 60,773   13,529,893
Lennar Corporation Class A 95,956   7,788,748
Lithia Motors, Inc. 23,996   7,201,679
Lowe’s Cos., Inc. 65,225   13,187,843
Ralph Lauren Corporation 64,379   7,303,154
Starbucks Corporation 60,877   5,537,981
Target Corporation 55,276   11,730,673
        103,869,936
Consumer Staples — 4.7%    
Church & Dwight Co., Inc. 59,859   5,948,787
Colgate-Palmolive Co. 98,167   7,444,004
Conagra Brands, Inc. 373,333   12,532,789
Kimberly-Clark Corporation 64,705   7,969,068
Lamb Weston Holdings, Inc. 85,051   5,095,405
Mondelez International, Inc. Class A 107,046   6,720,348
PepsiCo, Inc. 59,983   10,039,954
Walmart, Inc. 43,913   6,539,524
        62,289,879
Energy — 6.1%    
Baker Hughes Co. 212,735   7,745,681
Chevron Corporation 89,929   14,643,139
Exxon Mobil Corporation 170,158   14,053,349
Hess Corporation 154,434   16,530,616
Phillips 66 183,057   15,814,294
Pioneer Natural Resources Co. 27,500   6,875,825
Valero Energy Corporation 62,347   6,330,715
        81,993,619
Financials — 18.5%    
Aflac, Inc. 71,402   4,597,575
Allstate Corporation (The) 199,121   27,580,250
American Express Co. 38,544   7,207,728
American International Group, Inc. 211,975   13,305,671
Ameriprise Financial, Inc. 21,978   6,601,312
Apollo Global Management, Inc.Δ 44,703   2,771,139
Bank of New York Mellon Corporation (The) 190,017   9,430,544
    Shares   Value
Berkshire Hathaway, Inc. Class B* 51,349   $18,121,575
BlackRock, Inc. 15,419   11,782,737
Blackstone, Inc. 20,047   2,544,766
Cincinnati Financial Corporation 35,134   4,776,819
Citigroup, Inc. 66,186   3,534,332
Intercontinental Exchange, Inc. 64,474   8,518,305
JPMorgan Chase & Co. 158,971   21,670,927
M&T Bank CorporationΔ 92,386   15,659,427
Marsh & McLennan Cos., Inc. 35,310   6,017,530
MetLife, Inc. 111,551   7,839,804
Morgan Stanley 53,700   4,693,380
Northern Trust Corporation 81,886   9,535,625
Progressive Corporation (The) 63,039   7,185,815
Reinsurance Group of America, Inc. 87,680   9,597,453
Signature Bank 24,530   7,199,310
Truist Financial Corporation 129,121   7,321,161
U.S. Bancorp 200,223   10,641,852
Wells Fargo & Co. 394,906   19,137,145
        247,272,182
Health Care — 9.5%    
Amgen, Inc. 7,552   1,826,225
Anthem, Inc. 34,119   16,759,935
Becton, Dickinson and Co. 30,272   8,052,352
Centene Corporation* 115,343   9,710,727
CVS Health Corporation 130,341   13,191,813
Gilead Sciences, Inc. 62,427   3,711,285
Henry Schein, Inc.* 69,639   6,071,824
Humana, Inc. 34,714   15,106,491
McKesson Corporation 31,535   9,653,810
Molina Healthcare, Inc.* 33,025   11,016,810
UnitedHealth Group, Inc. 34,513   17,600,595
Zimmer Biomet Holdings, Inc. 115,686   14,796,239
        127,498,106
Industrials — 9.3%    
AECOM 72,822   5,593,458
Deere & Co. 42,831   17,794,567
Emerson Electric Co. 76,305   7,481,705
Fastenal Co. 87,108   5,174,215
General Electric Co. 72,766   6,658,089
J.B. Hunt Transport Services, Inc. 95,140   19,103,161
Norfolk Southern Corporation 25,168   7,178,417
Raytheon Technologies Corporation 95,075   9,419,080
Southwest Airlines Co.* 139,667   6,396,749
Stanley Black & Decker, Inc. 58,764   8,214,619
Textron, Inc. 101,157   7,524,058
United Parcel Service, Inc. Class B 71,632   15,362,199
Vertiv Holdings Co. 632,346   8,852,844
        124,753,161
Information Technology — 10.8%    
Apple, Inc. 62,537   10,919,586
Broadcom, Inc. 34,410   21,667,289
Cisco Systems, Inc. 304,206   16,962,526
 
141
VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Cognizant Technology Solutions Corporation Class A 116,255   $10,424,586
Corning, Inc. 91,902   3,392,103
F5, Inc.* 33,134   6,923,349
Fidelity National Information Services, Inc. 129,284   12,982,699
Fiserv, Inc.* 45,850   4,649,190
HP, Inc.Δ 99,603   3,615,589
International Business Machines Corporation 44,828   5,828,536
Juniper Networks, Inc. 123,956   4,606,205
Microsoft Corporation 20,157   6,214,605
ON Semiconductor Corporation* 124,972   7,824,497
Oracle Corporation 63,245   5,232,259
Paychex, Inc. 44,110   6,019,692
QUALCOMM, Inc. 31,813   4,861,663
Texas Instruments, Inc. 67,657   12,413,706
        144,538,080
Materials — 6.2%    
Air Products and Chemicals, Inc. 87,461   21,857,378
Axalta Coating Systems, Ltd.* 306,360   7,530,329
Corteva, Inc. 258,416   14,853,752
DuPont de Nemours, Inc. 123,339   9,075,284
Freeport-McMoRan, Inc. 145,706   7,247,416
International Flavors & Fragrances, Inc. 124,600   16,363,718
Sonoco Products Co. 96,422   6,032,160
        82,960,037
Real Estate — 1.8%    
American Tower Corporation REIT 22,405   5,628,584
Crown Castle International Corporation REIT 37,799   6,977,695
Jones Lang LaSalle, Inc.* 16,025   3,837,347
STORE Capital Corporation REIT 150,487   4,398,735
Weyerhaeuser Co. REIT 98,373   3,728,337
        24,570,698
Utilities — 3.7%    
AES Corporation (The) 257,310   6,620,586
Atmos Energy Corporation 91,859   10,976,232
Dominion Energy, Inc. 76,274   6,481,002
Duke Energy Corporation 63,879   7,132,729
Edison International 110,960   7,778,296
Pinnacle West Capital Corporation 143,381   11,198,056
        50,186,901
Total Common Stocks
(Cost $891,731,952) 		  1,126,951,508
FOREIGN COMMON STOCKS — 11.6%
Canada — 0.5%    
Open Text Corporation 156,108   6,618,979
    Shares   Value
France — 1.2%    
Sodexo SA 65,333   $5,316,533
TotalEnergies SE ADR 222,662   11,253,338
        16,569,871
Germany — 0.5%    
Siemens AG 49,972   6,919,490
Ireland — 5.2%    
Johnson Controls International PLC 143,451   9,406,082
Medtronic PLC 324,162   35,965,774
STERIS PLC 30,372   7,343,038
Willis Towers Watson PLC 68,636   16,213,196
        68,928,090
Japan — 0.3%    
Nintendo Co., Ltd. ADR 62,579   3,936,845
Singapore — 0.4%    
Flex, Ltd.* 257,718   4,780,669
Switzerland — 2.4%    
Chubb, Ltd. 19,332   4,135,115
Nestle SA ADR 50,290   6,542,729
Novartis AG 82,940   7,281,431
Roche Holding AG 35,450   14,026,213
        31,985,488
United Kingdom — 1.1%    
Unilever PLC ADR 335,678   15,296,847
Total Foreign Common Stocks
(Cost $144,830,035) 		  155,036,279
MUTUAL FUNDS — 0.5%
iShares Russell 1000 Value ETF
(Cost $6,916,589) 		42,059   6,980,953
MONEY MARKET FUNDS — 3.6%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		46,774,877   46,774,877
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 1,936,272   1,936,272
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 69,988   69,988
Total Money Market Funds
(Cost $48,781,137) 		  48,781,137
TOTAL INVESTMENTS — 99.9%
(Cost $1,092,259,713) 		    1,337,749,877
Other Assets in Excess of
Liabilities — 0.1% 		    1,062,667
NET ASSETS — 100.0%     $1,338,812,544
 
142
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
S&P 500® E-Mini   06/2022   30   $6,796,125   $(83,843)
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/30/22   U.S. Dollars   14,428,950   British Pounds   10,895,941   BOA   $119,360
06/30/22   Swiss Francs   2,272,851   U.S. Dollars   2,449,297   MSCS   20,595
Subtotal Appreciation                   $139,955
06/30/22   U.S. Dollars   788,595   British Pounds   601,504   BOA   $(1,358)
06/30/22   U.S. Dollars   23,172,311   Euro   20,961,027   JPM   (103,211)
06/30/22   U.S. Dollars   23,612,694   Swiss Francs   21,935,602   MSCS   (224,569)
Subtotal Depreciation                   $(329,138)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $(189,183)
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
143
GROWTH EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 89.5%
Communication Services — 12.1%    
Alphabet, Inc. Class A* 5,218   $14,513,084
Alphabet, Inc. Class C* 10,932   30,532,967
Charter Communications, Inc. Class A* 13,490   7,359,065
Match Group, Inc.* 240,314   26,131,744
Meta Platforms, Inc. Class A* 242,439   53,908,736
Netflix, Inc.* 83,113   31,133,299
Pinterest, Inc. Class A* 182,873   4,500,505
Sea, Ltd. ADR* 199,685   23,920,266
Walt Disney Co. (The)* 155,795   21,368,842
Warner Music Group Corporation Class A 210,138   7,953,723
        221,322,231
Consumer Discretionary — 12.4%    
Advance Auto Parts, Inc. 45,547   9,426,407
Airbnb, Inc. Class A* 45,454   7,807,179
Amazon.com, Inc.* 38,347   125,009,303
Chewy, Inc. Class AΔ* 160,977   6,564,642
DoorDash, Inc. Class A* 59,454   6,967,414
Floor & Decor Holdings, Inc. Class A* 78,192   6,333,552
Lululemon Athletica, Inc.* 26,393   9,639,515
NIKE, Inc. Class B 78,800   10,603,328
Starbucks Corporation 79,032   7,189,541
Tesla, Inc.* 10,779   11,615,451
Tractor Supply Co. 49,160   11,472,469
Ulta Beauty, Inc.* 18,375   7,317,293
Yum China Holdings, Inc. 52,077   2,163,279
Yum! Brands, Inc. 38,742   4,592,089
        226,701,462
Consumer Staples — 2.4%    
Costco Wholesale Corporation 21,158   12,183,834
Estee Lauder Cos., Inc. (The) Class A 43,664   11,890,580
Monster Beverage Corporation* 260,643   20,825,376
        44,899,790
Financials — 1.7%    
FactSet Research Systems, Inc. 14,753   6,405,015
S&P Global, Inc. 49,509   20,307,530
SEI Investments Co. 84,024   5,059,085
        31,771,630
Health Care — 12.9%    
10X Genomics, Inc. Class A* 58,996   4,487,826
Align Technology, Inc.* 28,828   12,569,008
BioMarin Pharmaceutical, Inc.* 15,773   1,216,098
DexCom, Inc.* 85,967   43,980,717
Edwards Lifesciences Corporation* 197,265   23,222,036
Illumina, Inc.* 23,680   8,273,792
Intuitive Surgical, Inc.* 118,627   35,787,393
Regeneron Pharmaceuticals, Inc.* 17,397   12,150,413
Sarepta Therapeutics, Inc.* 84,040   6,565,205
    Shares   Value
UnitedHealth Group, Inc. 54,277   $27,679,642
Veeva Systems, Inc. Class A* 50,057   10,635,110
Vertex Pharmaceuticals, Inc.* 44,565   11,630,128
Zoetis, Inc. 209,195   39,452,085
        237,649,453
Industrials — 8.1%    
Boeing Co. (The)* 82,390   15,777,685
Cintas Corporation 32,046   13,632,048
CoStar Group, Inc.* 151,775   10,109,733
Deere & Co. 23,808   9,891,272
Expeditors International of Washington, Inc. 56,023   5,779,333
IDEX Corporation 50,541   9,690,226
L3Harris Technologies, Inc. 36,799   9,143,447
Raytheon Technologies Corporation 121,454   12,032,448
Roper Technologies, Inc. 21,783   10,286,586
Uber Technologies, Inc.* 595,966   21,264,067
United Parcel Service, Inc. Class B 83,007   17,801,681
W.W. Grainger, Inc. 26,727   13,785,519
        149,194,045
Information Technology — 38.2%    
Adobe, Inc.* 58,639   26,717,101
Apple, Inc. 756,226   132,044,622
Autodesk, Inc.* 109,652   23,503,906
Block, Inc.* 205,969   27,929,396
Cloudflare, Inc. Class A* 100,660   12,049,002
Coupa Software, Inc.* 57,985   5,893,016
Fidelity National Information Services, Inc. 57,029   5,726,852
Intel Corporation 126,700   6,279,252
Intuit, Inc. 62,154   29,886,129
Mastercard, Inc. Class A 44,848   16,027,778
Microsoft Corporation 250,070   77,099,082
NVIDIA Corporation 248,425   67,785,245
Oracle Corporation 191,052   15,805,732
Palo Alto Networks, Inc.* 38,813   24,161,481
PayPal Holdings, Inc.* 135,366   15,655,078
QUALCOMM, Inc. 54,195   8,282,080
salesforce.com, Inc.* 168,551   35,786,748
ServiceNow, Inc.* 76,267   42,472,330
Snowflake, Inc. Class A* 43,435   9,952,262
Splunk, Inc.* 81,728   12,145,598
Twilio, Inc. Class A* 47,418   7,814,961
UiPath, Inc. Class AΔ* 103,138   2,226,749
Unity Software, Inc.Δ* 54,200   5,377,182
Visa, Inc. Class AΔ 339,709   75,337,265
Workday, Inc. Class A* 65,081   15,584,296
Xperi Holding Corporation 3   52
        701,543,195
Materials — 0.5%    
Sherwin-Williams Co. (The) 37,240   9,295,849
 
144
    Shares   Value
Real Estate — 1.2%    
Equinix, Inc. REIT 13,243   $9,821,273
SBA Communications Corporation REIT 35,208   12,115,073
        21,936,346
Total Common Stocks
(Cost $1,209,284,136) 		  1,644,314,001
FOREIGN COMMON STOCKS — 7.3%
Canada — 1.2%    
Shopify, Inc. Class A* 33,172   22,422,945
China — 0.6%    
Alibaba Group Holding, Ltd. ADRΔ* 102,228   11,122,406
Ireland — 0.6%    
Eaton Corporation PLC 64,710   9,820,390
Israel — 0.1%    
Fiverr International, Ltd.Δ* 29,373   2,234,404
Jersey — 0.5%    
Aptiv PLC* 75,817   9,076,053
Netherlands — 1.2%    
ASML Holding NV 12,500   8,349,125
NXP Semiconductor NV 69,584   12,878,607
        21,227,732
Switzerland — 1.6%    
Alcon, Inc.Δ 126,130   10,005,893
    Shares   Value
Novartis AG ADR 115,308   $10,118,277
Roche Holding AG ADR 189,372   9,356,871
        29,481,041
United Kingdom — 1.5%    
Atlassian Corporation PLC Class A* 94,570   27,787,503
Total Foreign Common Stocks
(Cost $136,854,531) 		  133,172,474
MONEY MARKET FUNDS — 3.9%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		62,555,223   62,555,223
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 8,224,834   8,224,834
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 1,381   1,381
Total Money Market Funds
(Cost $70,781,438) 		  70,781,438
TOTAL INVESTMENTS — 100.7%
(Cost $1,416,920,105) 		    1,848,267,913
Liabilities in Excess of Other
Assets — (0.7)% 		    (12,114,213)
NET ASSETS — 100.0%     $1,836,153,700
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
S&P 500® E-Mini   06/2022   17   $3,851,138   $(11,135)
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
145
SMALL CAP EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 94.2%
Communication Services — 1.8%    
Anterix, Inc.* 550   $31,845
ATN International, Inc. 20,505   817,739
Bandwidth, Inc. Class A* 12,032   389,717
comScore, Inc.Δ* 36,719   106,852
Consolidated Communications Holdings, Inc.Δ* 31,445   185,526
Cumulus Media, Inc. Class A* 3,466   34,487
CuriosityStream, Inc.Δ* 119,720   347,188
Entravision Communications Corporation Class AΔ 215,206   1,379,470
Integral Ad Science Holding CorporationΔ* 144,400   1,992,720
Nexstar Media Group, Inc. Class AΔ 7,820   1,473,914
Telephone & Data Systems, Inc.Δ 74,116   1,399,310
Townsquare Media, Inc. Class A* 18,671   238,802
TrueCar, Inc.* 50,464   199,333
United States Cellular CorporationΔ* 14,658   443,111
Yelp, Inc.Δ* 70,568   2,407,075
Ziff Davis, Inc.Δ* 26,112   2,527,119
        13,974,208
Consumer Discretionary — 10.7%    
2U, Inc.* 13,728   182,308
Aaron's Co, Inc. (The) 29,281   587,963
Academy Sports & Outdoors, Inc. 42,091   1,658,385
Adtalem Global Education, Inc.* 26,288   781,017
American Axle & Manufacturing Holdings, Inc.* 115,383   895,372
American Eagle Outfitters, Inc.Δ 136,892   2,299,786
American Outdoor Brands, Inc.Δ* 14,595   191,632
American Public Education, Inc.* 13,903   295,300
Bassett Furniture Industries, Inc.Δ 7,683   127,231
Beazer Homes U.S.A., Inc.* 44,065   670,669
Boot Barn Holdings, Inc.* 14,700   1,393,413
Brinker International, Inc.* 43,706   1,667,821
Brunswick Corporation 29,718   2,403,889
Callaway Golf Co.Δ* 111,400   2,608,988
Chuy's Holdings, Inc.* 26,800   723,600
Container Store Group, Inc. (The)* 20,406   166,717
Cooper-Standard Holdings, Inc.* 15,229   133,558
Cracker Barrel Old Country Store, Inc.Δ 13,782   1,636,337
Dana, Inc.Δ 94,235   1,655,709
Dave & Buster's Entertainment, Inc.* 33,302   1,635,128
Dillard's, Inc. Class AΔ 1,325   355,617
F45 Training Holdings, Inc.Δ* 61,900   662,330
Genesco, Inc.Δ* 10,562   671,849
Goodyear Tire & Rubber Co. (The)* 133,146   1,902,656
Grand Canyon Education, Inc.* 710   68,948
Group 1 Automotive, Inc. 876   147,019
Haverty Furniture Cos., Inc. 7,344   201,373
Helen of Troy, Ltd.Δ* 8,510   1,666,598
Hibbett, Inc. 15,120   670,421
Hilton Grand Vacations, Inc.Δ* 60,700   3,157,007
Hooker Furnishings Corporation 2,629   49,793
Jack in the Box, Inc. 22,584   2,109,571
    Shares   Value
KB Home 56,701   $1,835,978
La-Z-Boy, Inc. 41,812   1,102,582
Leslie's, Inc.Δ* 160,600   3,109,216
Lifetime Brands, Inc. 2,307   29,622
LL Flooring Holdings, Inc.Δ* 3,162   44,331
Malibu Boats, Inc. Class A* 85,187   4,941,698
MarineMax, Inc.* 52,501   2,113,690
Modine Manufacturing Co.* 37,182   335,010
Mohawk Industries, Inc.* 7,100   881,820
National Vision Holdings, Inc.* 89,900   3,916,943
Nautilus, Inc.Δ* 1,500   6,180
ODP Corporation (The)* 1,722   78,919
OneSpaWorld Holdings, Ltd.Δ* 166,400   1,697,280
OneWater Marine, Inc. Class AΔ 32,188   1,108,877
Penske Automotive Group, Inc. 31,549   2,956,772
Perdoceo Education Corporation* 60,143   690,442
Planet Fitness, Inc. Class A* 35,800   3,024,384
PowerSchool Holdings, Inc. Class AΔ* 103,500   1,708,785
RealReal, Inc. (The)* 172,400   1,251,624
Red Robin Gourmet Burgers, Inc.* 39,660   668,668
Skyline Champion Corporation* 35,400   1,942,752
Solo Brands, Inc. Class AΔ* 40,385   344,484
Sonic Automotive, Inc. Class A 15,185   645,514
Standard Motor Products, Inc. 2,768   119,412
Steven Madden, Ltd. 74,231   2,868,286
Stoneridge, Inc.* 15,450   320,742
Tapestry, Inc. 74,657   2,773,507
Taylor Morrison Home Corporation Class A* 85,745   2,333,979
Texas Roadhouse, Inc. 33,203   2,780,087
Tilly's, Inc. Class A 21,050   197,028
Unifi, Inc.* 10,653   192,819
Universal Electronics, Inc.* 6,454   201,623
Universal Technical Institute, Inc.* 6,854   60,658
Vera Bradley, Inc.* 19,865   152,365
Vista Outdoor, Inc.* 876   31,264
Visteon CorporationΔ* 26,100   2,848,293
VOXX International CorporationΔ* 7,408   73,858
Wendy's Co. (The) 59,799   1,313,784
Wingstop, Inc.Δ 13,400   1,572,490
        85,653,771
Consumer Staples — 2.9%    
Andersons, Inc. (The)Δ 15,486   778,327
BJ's Wholesale Club Holdings, Inc.* 110,457   7,467,998
Edgewell Personal Care Co. 96,793   3,549,399
Fresh Del Monte Produce, Inc.Δ 15,064   390,308
J&J Snack Foods Corporation 16,316   2,530,612
Landec CorporationΔ* 10,792   124,971
Nature's Sunshine Products, Inc.* 6,866   115,486
Simply Good Foods Co. (The)* 80,600   3,058,770
SpartanNash Co.Δ 22,336   736,865
Spectrum Brands Holdings, Inc.Δ 42,774   3,794,909
Vita Coco Co., Inc. (The)Δ* 76,300   683,648
        23,231,293
 
146
    Shares   Value
Energy — 4.1%    
ChampionX CorporationΔ* 70,650   $1,729,512
Chesapeake Energy CorporationΔ 27,622   2,403,114
CVR Energy, Inc.Δ 67,340   1,719,864
Delek U.S. Holdings, Inc.* 83,692   1,775,944
DHT Holdings, Inc. 173,472   1,006,138
Dorian LPG, Ltd. 26,950   390,506
Earthstone Energy, Inc. Class AΔ* 91,353   1,153,788
Enviva, Inc. 13,986   1,106,992
Helix Energy Solutions Group, Inc.* 24,100   115,198
HF Sinclair Corporation* 14,723   586,712
Matador Resources Co. 48,900   2,590,722
Nabors Industries, Ltd.* 2,076   317,047
NCS Multistage Holdings, Inc.* 1,271   63,626
Newpark Resources, Inc.* 1,020   3,733
Oil States International, Inc.* 83,017   576,968
Patterson-UTI Energy, Inc.Δ 293,614   4,545,145
PDC Energy, Inc. 82,393   5,988,323
Plains GP Holdings LP Class A* 26,404   304,966
REX American Resources Corporation* 3,389   337,544
SFL Corporation, Ltd. 106,894   1,088,181
Southwestern Energy Co.* 414,636   2,972,940
Whiting Petroleum Corporation 7,244   590,458
World Fuel Services Corporation 35,527   960,650
        32,328,071
Financials — 17.6%    
1st Source Corporation 2,904   134,310
Alerus Financial Corporation 755   20,868
Amalgamated Financial CorporationΔ 6,874   123,526
A-Mark Precious Metals, Inc.Δ 10,068   778,659
American Equity Investment Life Holding Co. 85,066   3,394,984
American National Bankshares, Inc.Δ 938   35,344
Ameris Bancorp 37,531   1,646,860
Argo Group International Holdings, Ltd. 17,697   730,532
Associated Banc-Corp 58,237   1,325,474
Atlantic Union Bankshares Corporation 10,319   378,604
Axis Capital Holdings, Ltd. 47,484   2,871,358
Banc of California, Inc. 26,881   520,416
Bank of Marin Bancorp 3,674   128,847
Bank of Princeton (The) 659   19,012
BankUnited, Inc. 71,765   3,154,789
Bankwell Financial Group, Inc.Δ 2,094   70,840
Banner Corporation 5,237   306,522
Bar Harbor Bankshares 847   24,241
BCB Bancorp, Inc. 4,058   74,059
Berkshire Hills Bancorp, Inc. 22,021   637,948
Blucora, Inc.Δ* 6,085   118,962
Bridgewater Bancshares, Inc.* 2,093   34,911
Business First Bancshares, Inc.Δ 4,051   98,561
Byline Bancorp, Inc. 7,613   203,115
Camden National Corporation 3,069   144,366
Capital Bancorp, Inc. 1,914   43,754
Capital City Bank Group, Inc. 3,059   80,635
Capstar Financial Holdings, Inc. 7,142   150,553
    Shares   Value
Carter Bankshares, Inc.* 4,492   $78,026
CBTX, Inc.Δ 5,720   177,320
Central Pacific Financial Corporation 19,321   539,056
Central Valley Community BancorpΔ 3,595   83,943
Chemung Financial CorporationΔ 792   36,979
City Holding Co. 18,735   1,474,445
Civista Bancshares, Inc. 941   22,678
CNB Financial Corporation 2,308   60,747
CNO Financial Group, Inc. 68,642   1,722,228
Community Trust Bancorp, Inc. 4,674   192,569
Compass Diversified Holdings 112,887   2,683,324
ConnectOne Bancorp, Inc. 20,580   658,766
Cowen, Inc. Class A 27,640   749,044
CVB Financial Corporation 15,103   350,541
Donegal Group, Inc. Class A 4,196   56,268
Donnelley Financial Solutions, Inc.* 41,080   1,366,321
Eagle Bancorp, Inc. 21,733   1,238,998
Employers Holdings, Inc. 16,334   670,021
Enact Holdings, Inc.Δ 24,632   548,062
Enova International, Inc.* 20,060   761,678
Enstar Group, Ltd.* 551   143,894
Enterprise Financial Services Corporation 29,095   1,376,485
Essent Group, Ltd. 48,823   2,011,996
Evercore, Inc. Class A 15,520   1,727,686
EZCORP, Inc. Class A* 31,780   191,951
FB Financial Corporation 4,899   217,614
Financial Institutions, Inc. 6,671   200,997
First American Financial Corporation 8,193   531,070
First BanCorp 37,128   1,550,837
First BanCorp (New York Exchange) 240,737   3,158,470
First Business Financial Services, Inc. 1,600   52,496
First Commonwealth Financial Corporation 29,908   453,405
First Financial Bancorp 79,154   1,824,500
First Financial Corporation 8,039   347,928
First Foundation, Inc. 51,670   1,255,064
First Hawaiian, Inc. 3,253   90,726
First Internet Bancorp 2,695   115,912
First Interstate BancSystem, Inc. Class A 73,459   2,701,087
First Mid Bancshares, Inc. 7,357   283,171
First of Long Island Corporation (The) 3,180   61,883
First Savings Financial Group, Inc. 847   20,785
First Western Financial, Inc.* 830   25,946
FNB Corporation 184,813   2,300,922
Focus Financial Partners, Inc. Class A* 67,600   3,092,024
FS Bancorp, Inc.Δ 1,299   40,269
Genworth Financial, Inc. Class A* 296,428   1,120,498
Global Indemnity Group LLC Class A 987   25,751
Great Southern Bancorp, Inc. 2,916   172,073
Greenlight Capital Re, Ltd. Class AΔ* 14,046   99,305
Guaranty Bancshares, Inc.Δ 1,671   58,485
Hamilton Lane, Inc. Class A 50,094   3,871,765
Hanmi Financial Corporation 21,692   533,840
HarborOne Bancorp, Inc. 23,598   330,844
147
SMALL CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
HBT Financial, Inc. 4,785   $86,991
Heartland Financial U.S.A., Inc. 3,963   189,550
Heritage Commerce Corporation 1,977   22,241
Heritage Financial Corporation 9,172   229,850
Heritage Insurance Holdings, Inc. 10,077   71,950
Hilltop Holdings, Inc. 13,927   409,454
Home Bancorp, Inc.Δ 752   30,674
Home BancShares, Inc. 74,446   1,682,480
HomeStreet, Inc. 13,546   641,810
HomeTrust Bancshares, Inc. 5,585   164,925
Horace Mann Educators Corporation 1,921   80,355
Horizon Bancorp, Inc. 3,780   70,573
Independent Bank CorporationΔ 34,145   2,789,305
Independent Bank Corporation (NASDAQ Exchange) 7,366   162,052
Independent Bank Group, Inc. 44,045   3,134,242
Investar Holding Corporation 1,728   32,988
James River Group Holdings, Ltd. 25,087   620,652
Kearny Financial Corporation 5,085   65,495
Kemper Corporation 32,328   1,827,825
Lakeland Bancorp, Inc. 14,986   250,266
Lakeland Financial CorporationΔ 2,121   154,833
Luther Burbank CorporationΔ 1,695   22,527
Macatawa Bank Corporation 5,603   50,483
Mercantile Bank Corporation 2,240   79,341
Merchants Bancorp 9,492   259,891
Metropolitan Bank Holding Corporation* 1,700   173,009
Midland States Bancorp, Inc. 8,776   253,275
MidWestOne Financial Group, Inc. 2,800   92,680
Moelis & Co. Class A 5,980   280,761
MVB Financial Corporation 70,900   2,942,350
Navient Corporation 99,961   1,703,335
NBT Bancorp, Inc. 4,688   169,377
Nicolet Bankshares, Inc.* 3,908   365,672
NMI Holdings, Inc. Class A* 95,727   1,973,891
Northeast Bank 1,360   46,390
Northfield Bancorp, Inc. 2,683   38,528
Northrim BanCorp, Inc. 2,485   108,272
OceanFirst Financial Corporation 24,813   498,741
Ocwen Financial Corporation* 2,219   52,723
OFG Bancorp 28,220   751,781
Old National Bancorp 314,275   5,147,825
Old Second Bancorp, Inc. 7,818   113,439
Origin Bancorp, Inc. 16,331   690,638
Pacific Premier Bancorp, Inc. 101,843   3,600,150
Patria Investments, Ltd. Class AΔ 22,440   399,656
PCSB Financial Corporation 5,229   99,926
Peapack-Gladstone Financial Corporation 8,385   291,379
PennyMac Financial Services, Inc. 25,143   1,337,608
Piper Sandler Cos. 11,613   1,524,206
Preferred BankΔ 1,032   76,461
Premier Financial Corporation 16,886   512,152
Primis Financial Corporation 7,740   108,205
ProAssurance Corporation 57,482   1,545,116
Professional Holding Corporation Class A* 1,161   26,192
    Shares   Value
Provident Financial Services, Inc. 27,004   $631,894
QCR Holdings, Inc. 12,253   693,397
RBB BancorpΔ 5,652   132,766
Reinsurance Group of America, Inc. 5,683   622,061
RLI Corporation 11,283   1,248,238
S&T Bancorp, Inc. 5,799   171,534
Selective Insurance Group, Inc. 28,714   2,565,883
Sierra BancorpΔ 3,150   78,687
Silvergate Capital Corporation Class A* 14,100   2,123,037
SLM CorporationΔ 12,058   221,385
SmartFinancial, Inc. 2,428   62,108
South Plains Financial, Inc. 476   12,652
SouthState Corporation 55,878   4,559,086
Stewart Information Services Corporation 16,507   1,000,489
Stifel Financial Corporation 27,293   1,853,195
StoneX Group, Inc.* 5,805   430,905
Towne Bank/Portsmouth VA 20,837   623,860
TriCo Bancshares 6,443   257,913
TrustCo Bank Corporation NY 820   26,183
UMB Financial Corporation 32,705   3,177,618
Umpqua Holdings Corporation 97,715   1,842,905
United Community Banks, Inc. 73,399   2,554,285
United Fire Group, Inc.Δ 8,685   269,843
United Insurance Holdings Corporation 10,491   34,725
Universal Insurance Holdings, Inc. 24,812   334,714
Unum Group 48,651   1,532,993
Valley National Bancorp 373,369   4,861,264
Veritex Holdings, Inc. 37,994   1,450,231
Victory Capital Holdings, Inc. Class A 97,800   2,823,486
Washington Federal, Inc. 16,656   546,650
Waterstone Financial, Inc. 9,592   185,509
WesBanco, Inc. 51,770   1,778,817
Western New England Bancorp, Inc. 2,484   22,207
WSFS Financial Corporation 66,631   3,106,337
        140,604,091
Health Care — 13.1%    
Adaptive Biotechnologies Corporation* 36,500   506,620
Addus HomeCare CorporationΔ* 16,900   1,576,601
Adverum Biotechnologies, Inc.Δ* 20,053   26,269
Aeglea BioTherapeutics, Inc.Δ* 4,200   9,660
Agios Pharmaceuticals, Inc.Δ* 53,700   1,563,207
Allscripts Healthcare Solutions, Inc.* 82,752   1,863,575
Amicus Therapeutics, Inc.* 175,513   1,662,108
AMN Healthcare Services, Inc.Δ* 8,781   916,122
AnaptysBio, Inc.Δ* 2,328   57,595
Apellis Pharmaceuticals, Inc.Δ* 40,214   2,043,273
Arcus Biosciences, Inc.Δ* 44,550   1,405,998
Artivion, Inc.Δ* 69,939   1,495,296
Atea Pharmaceuticals, Inc.Δ* 13,800   99,636
Athenex, Inc.Δ* 71,035   58,923
AtriCure, Inc.* 69,664   4,574,835
Avanos Medical, Inc.* 2,542   85,157
Aveanna Healthcare Holdings, Inc.Δ* 105,800   360,778
 
148
    Shares   Value
Azenta, Inc.Δ 40,115   $3,324,731
Biohaven Pharmaceutical Holding Co., Ltd.* 20,182   2,392,980
BioLife Solutions, Inc.* 34,000   772,820
Bluebird Bio, Inc.Δ* 1,327   6,436
Blueprint Medicines Corporation* 45,330   2,895,680
Cara Therapeutics, Inc.Δ* 44,578   541,623
Catalyst Pharmaceuticals, Inc.* 55,734   462,035
Certara, Inc.* 20,800   446,784
Codex DNA, Inc.Δ* 41,300   221,781
Computer Programs and Systems, Inc.* 11,183   385,254
CONMED CorporationΔ 19,814   2,943,370
Cross Country Healthcare, Inc.* 15,974   346,157
Emergent BioSolutions, Inc.* 24,729   1,015,373
Enanta Pharmaceuticals, Inc.Δ* 12,183   867,186
Exelixis, Inc.* 20,925   474,370
FibroGen, Inc.* 13,981   168,052
Frequency Therapeutics, Inc.* 9,315   19,748
Halozyme Therapeutics, Inc.* 57,777   2,304,147
HealthEquity, Inc.* 15,400   1,038,576
HealthStream, Inc.* 10,446   208,084
Homology Medicines, Inc.Δ* 36,316   110,401
Insmed, Inc.Δ* 72,830   1,711,505
Inspire Medical Systems, Inc.* 24,370   6,255,535
Intercept Pharmaceuticals, Inc.Δ* 20,584   334,902
Intra-Cellular Therapies, Inc.* 52,000   3,181,880
Ionis Pharmaceuticals, Inc.Δ* 1,780   65,931
Jounce Therapeutics, Inc.* 9,320   63,283
LHC Group, Inc.* 3,400   573,240
Ligand Pharmaceuticals, Inc.Δ* 20,414   2,296,371
Merit Medical Systems, Inc.* 40,664   2,704,969
Molina Healthcare, Inc.* 3,895   1,299,333
NanoString Technologies, Inc.Δ* 34,900   1,212,775
National HealthCare Corporation 7,506   527,146
NeoGenomics, Inc.Δ* 55,457   673,802
NextGen Healthcare, Inc.* 6,826   142,732
NGM Biopharmaceuticals, Inc.Δ* 12,040   183,610
NuVasive, Inc.* 34,446   1,953,088
Omnicell, Inc.* 17,283   2,237,976
Orthofix Medical, Inc.* 6,263   204,800
Outset Medical, Inc.Δ* 36,200   1,643,480
Pacific Biosciences of California, Inc.* 109,414   995,667
Patterson Cos., Inc. 57,062   1,847,097
Phreesia, Inc.* 64,300   1,694,948
Poseida Therapeutics, Inc.Δ* 486   2,177
Prestige Consumer Healthcare, Inc.* 57,406   3,039,074
PTC Therapeutics, Inc.* 79,988   2,984,352
Pulmonx CorporationΔ* 57,200   1,419,132
REGENXBIO, Inc.* 9,440   313,314
Shockwave Medical, Inc.* 25,969   5,384,932
Silk Road Medical, Inc.Δ* 46,200   1,907,598
STAAR Surgical Co.* 18,400   1,470,344
Supernus Pharmaceuticals, Inc.* 65,176   2,106,488
Sutro Biopharma, Inc.Δ* 22,661   186,273
Tabula Rasa HealthCare, Inc.Δ* 42,605   245,405
Tandem Diabetes Care, Inc.* 16,000   1,860,640
    Shares   Value
Tarsus Pharmaceuticals, Inc.Δ* 43,700   $735,034
Taysha Gene Therapies, Inc.Δ* 43,200   281,664
TransMedics Group, Inc.Δ* 64,474   1,736,930
Travere Therapeutics, Inc.* 151,795   3,911,757
Treace Medical Concepts, Inc.Δ* 62,300   1,178,093
Ultragenyx Pharmaceutical, Inc.* 25,424   1,846,291
Vanda Pharmaceuticals, Inc.* 91,272   1,032,286
Varex Imaging Corporation* 67,943   1,446,506
Zimvie, Inc.* 12,937   295,481
        104,439,082
Industrials — 18.6%    
ABM Industries, Inc. 45,279   2,084,645
Acacia Research CorporationΔ* 37,742   170,216
ACCO Brands Corporation 60,116   480,928
ACV Auctions, Inc. Class AΔ* 111,400   1,649,834
AGCO Corporation 6,844   999,429
Albany International Corporation Class A 1,302   109,785
Allegiant Travel Co.* 12,053   1,957,287
Ameresco, Inc. Class AΔ* 30,968   2,461,956
Apogee Enterprises, Inc.Δ 14,647   695,147
Applied Industrial Technologies, Inc. 26,245   2,694,312
ArcBest Corporation 16,063   1,293,072
Arcosa, Inc. 7,284   417,009
Argan, Inc. 9,093   369,085
ASGN, Inc.* 71,644   8,361,571
Astec Industries, Inc. 6,370   273,910
Astronics CorporationΔ* 16,692   215,828
AZEK Co., Inc. (The)* 100,400   2,493,936
Barnes Group, Inc. 19,460   782,097
Barrett Business Services, Inc. 13,126   1,016,871
Beacon Roofing Supply, Inc.* 37,148   2,202,133
Boise Cascade Co. 78,314   5,440,474
BrightView Holdings, Inc.* 94,283   1,283,192
Brink's Co. (The) 43,434   2,953,512
Casella Waste Systems, Inc. Class A* 74,264   6,509,240
CECO Environmental Corporation* 51,977   285,354
Charah Solutions, Inc.Δ* 46,343   231,252
Colfax CorporationΔ* 60,368   2,402,043
Columbus McKinnon Corporation 73,257   3,106,097
Commercial Vehicle Group, Inc.* 17,586   148,602
CoreCivic, Inc. REITΔ* 105,887   1,182,758
Cornerstone Building Brands, Inc.Δ* 47,197   1,147,831
Covenant Logistics Group, Inc. 17,685   380,758
Deluxe Corporation 52,491   1,587,328
Driven Brands Holdings, Inc.* 105,800   2,780,424
DXP Enterprises, Inc.Δ* 30,749   832,990
Dycom Industries, Inc.Δ* 18,720   1,783,267
EMCOR Group, Inc. 39,637   4,464,315
Encore Wire Corporation 11,817   1,347,965
Ennis, Inc. 6,982   128,958
ESCO Technologies, Inc. 11,251   786,670
Exponent, Inc. 19,200   2,074,560
Federal Signal Corporation 61,776   2,084,940
First Advantage Corporation* 52,400   1,057,956
Genco Shipping & Trading, Ltd. 10,856   256,419
GEO Group, Inc. (The) REITΔ* 134,574   889,534
149
SMALL CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
GMS, Inc.* 28,842   $1,435,466
Graham CorporationΔ 17,935   138,279
Granite Construction, Inc. 6,195   203,196
Healthcare Services Group, Inc. 35,605   661,185
Heidrick & Struggles International, Inc. 5,103   201,977
Hexcel Corporation 43,900   2,610,733
Hub Group, Inc. Class AΔ* 36,498   2,818,011
Hyster-Yale Materials Handling, Inc. 7,568   251,333
Kadant, Inc.Δ 11,338   2,201,726
KAR Auction Services, Inc.* 60,439   1,090,924
Karat Packaging, Inc.Δ* 9,433   187,245
KBR, Inc.Δ 65,333   3,575,675
Kelly Services, Inc. Class A 12,535   271,884
Kimball International, Inc. Class B 22,016   186,035
Korn Ferry 34,336   2,229,780
LSI Industries, Inc. 6,189   37,134
Manitowoc Co., Inc. (The)* 20,156   303,952
ManpowerGroup, Inc. 3,741   351,355
Matrix Service Co.* 17,021   139,913
Mistras Group, Inc.* 2,045   13,517
MRC Global, Inc.* 64,008   762,335
MYR Group, Inc.* 29,179   2,743,993
NOW, Inc.* 115,901   1,278,388
Park-Ohio Holdings CorporationΔ 2,762   38,861
Parsons Corporation* 13,932   539,168
Powell Industries, Inc. 4,496   87,312
Primoris Services Corporation 22,439   534,497
Quanex Building Products Corporation 17,696   371,439
Radiant Logistics, Inc.* 17,574   111,946
RBC Bearings, Inc.Δ* 15,300   2,966,364
Regal Beloit CorporationΔ 33,066   4,919,559
Resources Connection, Inc. 12,211   209,297
REV Group, Inc. 12,851   172,203
Rush Enterprises, Inc. Class A 2,126   108,235
Ryder System, Inc. 1,873   148,585
Steelcase, Inc. Class A 66,629   796,217
Sterling Check CorporationΔ* 57,000   1,506,510
Sun Country Airlines Holdings, Inc.Δ* 77,974   2,041,359
Tecnoglass, Inc.Δ 50,950   1,285,978
Tetra Tech, Inc.Δ 42,551   7,018,362
Timken Co. (The) 55,942   3,395,679
Titan International, Inc.* 6,873   101,239
Titan Machinery, Inc.* 3,497   98,825
Trinity Industries, Inc. 25,478   875,424
TrueBlue, Inc.* 19,360   559,310
Tutor Perini Corporation* 36,449   393,649
U.S. Xpress Enterprises, Inc. Class AΔ* 8,968   34,796
UniFirst Corporation 3,547   653,641
Universal Logistics Holdings, Inc. 750   15,113
Upwork, Inc.* 28,922   672,147
Vectrus, Inc.* 7,150   256,399
Wabash National CorporationΔ 30,692   455,469
Werner Enterprises, Inc. 70,056   2,872,296
    Shares   Value
WESCO International, Inc.* 34,368   $4,472,652
WillScot Mobile Mini Holdings Corporation* 156,584   6,127,132
Yellow Corporation* 16,655   116,752
Zurn Water Solutions Corporation 132,243   4,681,402
        148,207,343
Information Technology — 14.6%    
908 Devices, Inc.Δ* 29,300   556,993
ADTRAN, Inc.Δ 10,277   189,611
Advanced Energy Industries, Inc.Δ 5,650   486,352
Allegro MicroSystems, Inc.* 111,400   3,163,760
Avaya Holdings CorporationΔ* 113,641   1,439,832
Aviat Networks, Inc.Δ* 6,843   210,559
Avnet, Inc. 66,953   2,717,622
Belden, Inc. 34,611   1,917,449
Benchmark Electronics, Inc. 19,765   494,916
Blackline, Inc.* 13,788   1,009,557
Box, Inc. Class AΔ* 43,720   1,270,503
BTRS Holdings, Inc.* 331,500   2,479,620
Coherent, Inc.* 7,075   1,934,022
Cohu, Inc.* 18,482   547,067
Conduent, Inc.* 94,089   485,499
Consensus Cloud Solutions, Inc.Δ* 15,902   956,187
Daktronics, Inc.* 17,433   66,943
EMCORE Corporation* 20,587   76,172
Enfusion, Inc. Class AΔ* 115,700   1,471,704
Envestnet, Inc.* 25,700   1,913,108
Euronet Worldwide, Inc.Δ* 4,846   630,707
EVERTEC, Inc. 68,053   2,785,409
Evo Payments, Inc. Class A* 88,800   2,050,392
ExlService Holdings, Inc.* 58,385   8,364,819
IBEX Holdings, Ltd.Δ* 20,814   331,775
Ichor Holdings, Ltd.Δ* 27,383   975,383
II-VI, Inc.Δ* 85,117   6,170,131
Juniper Networks, Inc. 37,052   1,376,852
Kimball Electronics, Inc.* 4,122   82,399
Kulicke & Soffa Industries, Inc. 40,822   2,286,848
KVH Industries, Inc.* 4,350   39,585
Littelfuse, Inc. 6,700   1,671,047
MACOM Technology Solutions Holdings, Inc.* 62,968   3,769,894
MaxLinear, Inc.* 81,770   4,771,280
NETGEAR, Inc.* 51,853   1,279,732
NetScout Systems, Inc.Δ* 28,203   904,752
New Relic, Inc.* 39,800   2,661,824
nLight, Inc.* 138,800   2,406,792
Onto Innovation, Inc.* 47,000   4,083,830
Paycor HCM, Inc.Δ* 110,500   3,216,655
PC Connection, Inc.Δ 3,388   177,497
Ping Identity Holding Corporation* 26,357   722,973
Plantronics, Inc.Δ* 1,700   66,980
Priority Technology Holdings, Inc.Δ* 130,100   748,075
Q2 Holdings, Inc.Δ* 65,011   4,007,928
Rapid7, Inc.Δ* 32,989   3,669,696
Repay Holdings CorporationΔ* 82,200   1,214,094
Ribbon Communications, Inc.* 39,814   123,025
 
150
    Shares   Value
Sailpoint Technologies Holdings, Inc.* 95,800   $4,903,044
ScanSource, Inc.* 7,777   270,562
SecureWorks Corporation Class A* 11,722   155,317
SEMrush Holdings, Inc. Class AΔ* 23,000   274,620
Semtech Corporation* 26,540   1,840,284
Silicon Laboratories, Inc.Δ* 14,329   2,152,216
Smartsheet, Inc. Class A* 47,400   2,596,572
Sprout Social, Inc. Class A* 42,961   3,442,035
Super Micro Computer, Inc.* 8,645   329,115
Synaptics, Inc.* 16,600   3,311,700
Synchronoss Technologies, Inc.Δ* 27,458   47,502
Teradata Corporation* 51,555   2,541,146
Unisys Corporation* 18,034   389,715
Varonis Systems, Inc.* 49,854   2,370,059
Vertex, Inc. Class A* 91,500   1,403,610
Vontier Corporation 49,569   1,258,557
Workiva, Inc.Δ* 30,200   3,563,600
Xerox Holdings Corporation 69,344   1,398,669
        116,226,173
Materials — 3.2%    
AdvanSix, Inc. 19,318   986,957
American Vanguard Corporation 2,156   43,810
Balchem Corporation 5,882   804,069
Clearwater Paper Corporation* 13,949   390,990
Coeur Mining, Inc.* 32,656   145,319
Ecovyst, Inc. 24,300   280,908
Glatfelter Corporation 18,701   231,518
Graphic Packaging Holding Co. 140,873   2,823,095
Huntsman Corporation 28,254   1,059,808
Kaiser Aluminum CorporationΔ 22,961   2,162,008
Koppers Holdings, Inc. 6,045   166,358
Minerals Technologies, Inc. 64,062   4,237,701
Neenah, Inc.Δ 36,976   1,466,468
Olin Corporation 3,757   196,416
Olympic Steel, Inc.Δ 6,933   266,643
Pactiv Evergreen, Inc. 131,908   1,326,995
Quaker Chemical CorporationΔ 8,194   1,416,005
Rayonier Advanced Materials, Inc.* 23,254   152,779
Schnitzer Steel Industries, Inc. Class A 25,265   1,312,264
Stepan Co. 942   93,079
Summit Materials, Inc. Class A* 75,879   2,356,802
SunCoke Energy, Inc. 95,462   850,566
TimkenSteel Corporation* 33,254   727,598
Worthington Industries, Inc. 46,377   2,384,242
        25,882,398
Real Estate — 5.8%    
American Assets Trust, Inc. REIT 44,835   1,698,798
Apple Hospitality REIT, Inc. 110,117   1,978,802
Armada Hoffler Properties, Inc. REIT 111,393   1,626,338
Brandywine Realty Trust REIT 95,987   1,357,256
CareTrust REIT, Inc.Δ 46,446   896,408
CatchMark Timber Trust, Inc. Class A REIT 29,218   239,588
Centerspace REIT 2,375   233,035
    Shares   Value
Cousins Properties, Inc. REITΔ 15,525   $625,502
CTO Realty Growth, Inc. REITΔ 4,462   295,920
DiamondRock Hospitality Co. REIT* 173,713   1,754,501
Diversified Healthcare Trust REIT 135,577   433,846
Easterly Government Properties, Inc. REITΔ 28,557   603,695
EastGroup Properties, Inc. REIT 13,557   2,755,867
Equity Commonwealth REIT* 60,517   1,707,185
Farmland Partners, Inc. REIT 21,663   297,866
Forestar Group, Inc.Δ* 9,379   166,571
Four Corners Property Trust, Inc. REIT 47,344   1,280,182
Franklin Street Properties Corporation REIT 47,089   277,825
Getty Realty Corporation REIT 21,178   606,114
Healthcare Realty Trust, Inc. REITΔ 7,829   215,141
Highwoods Properties, Inc. REIT 12,705   581,127
Industrial Logistics Properties Trust REIT 9,258   209,879
Kennedy-Wilson Holdings, Inc. 191,059   4,659,929
Kite Realty Group Trust REITΔ 112,722   2,566,680
LXP Industrial Trust REIT 120,649   1,894,189
Marcus & Millichap, Inc. 5,860   308,705
National Health Investors, Inc. REITΔ 17,640   1,040,936
National Storage Affiliates Trust REIT 34,024   2,135,346
Office Properties Income Trust REIT 21,086   542,543
Paramount Group, Inc. REIT 95,514   1,042,058
Pebblebrook Hotel Trust REIT 64,699   1,583,832
Physicians Realty Trust REIT 140,884   2,471,105
Piedmont Office Realty Trust, Inc. Class A REIT 71,658   1,233,951
Realogy Holdings Corporation* 75,291   1,180,563
RLJ Lodging Trust REIT 116,136   1,635,195
RPT Realty REIT 111,609   1,536,856
Sabra Health Care REIT, Inc. 25,189   375,064
Summit Hotel Properties, Inc. REITΔ* 36,533   363,869
Sunstone Hotel Investors, Inc. REIT* 118,543   1,396,437
Whitestone REITΔ 31,401   416,063
Xenia Hotels & Resorts, Inc. REIT* 12,804   246,989
        46,471,756
Utilities — 1.8%    
ALLETE, Inc. 4,620   309,448
Black Hills Corporation 23,617   1,818,981
Northwest Natural Holding Co. 19,271   996,696
NorthWestern Corporation 29,792   1,802,118
NRG Energy, Inc. 15,372   589,670
Pinnacle West Capital Corporation 6,841   534,282
PNM Resources, Inc. 9,208   438,945
Portland General Electric Co. 35,530   1,959,480
South Jersey Industries, Inc. 12,289   424,585
Southwest Gas Holdings, Inc. 31,062   2,431,844
Spire, Inc.Δ 27,783   1,993,708
151
SMALL CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Sunnova Energy International, Inc.Δ* 56,200   $1,295,972
        14,595,729
Total Common Stocks
(Cost $649,454,851) 		  751,613,915
FOREIGN COMMON STOCKS — 2.2%
Canada — 0.2%    
DIRTT Environmental SolutionsΔ* 96,127   130,733
IMAX Corporation* 56,244   1,064,699
        1,195,432
Germany — 0.0%    
SiriusPoint, Ltd.* 31,654   236,772
Ireland — 0.1%    
Endo International PLC* 42,713   98,667
GH Research PLCΔ* 31,200   570,648
        669,315
Israel — 0.5%    
Caesarstone, Ltd.Δ 10,925   114,931
Global-e Online, Ltd.* 40,600   1,371,468
JFrog, Ltd.Δ* 65,900   1,776,005
Tufin Software Technologies, Ltd.* 80,900   722,437
        3,984,841
Jersey — 0.9%    
Quotient, Ltd.Δ* 179,800   215,760
WNS Holdings, Ltd. ADR* 84,061   7,186,375
        7,402,135
Netherlands — 0.1%    
MYT Netherlands Parent BV ADRΔ* 82,300   1,006,529
Sweden — 0.1%    
Loomis AB 37,600   1,025,609
United Kingdom — 0.3%    
Gates Industrial Corporation PLC* 118,822   1,789,459
Luxfer Holdings PLC 16,134   271,051
        2,060,510
Total Foreign Common Stocks
(Cost $20,122,554) 		  17,581,143
RIGHTS — 0.0%
Aduro Biotech, Inc.†††Δ* 2,713     —
Rts. Quantum€*   —   21
Total Rights
(Cost $0) 		  21
MONEY MARKET FUNDS — 5.1%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		27,571,967   27,571,967
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 12,649,152   12,649,152
    Shares   Value
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 51,755   $51,755
Total Money Market Funds
(Cost $40,272,874) 		  40,272,874
TOTAL INVESTMENTS — 101.5%
(Cost $709,850,279) 		    809,467,953
Liabilities in Excess of Other
Assets — (1.5)% 		    (11,602,672)
NET ASSETS — 100.0%     $797,865,281
 
152
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
CME Russell 2000 Index E-Mini   06/2022   23   $2,376,360   $10,128
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/30/22   U.S. Dollars   24,474   Swedish Kronor   226,126   UBS   $364
06/30/22   Swedish Kronor   481,430   U.S. Dollars   51,244   UBS   86
Subtotal Appreciation                   $450
06/30/22   U.S. Dollars   1,022,561   Swedish Kronor   9,646,844   UBS   $(6,005)
Subtotal Depreciation                   $(6,005)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $(5,555)
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
153
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 0.3%
Communication Services — 0.3%    
Sea, Ltd. ADR* 16,990   $2,035,232
Financials — 0.0%    
Futu Holdings, Ltd. ADR* 2,522   82,117
Industrials — 0.0%    
Grab Holdings, Ltd. Class A* 55,000   192,500
Total Common Stocks
(Cost $3,617,602) 		  2,309,849
FOREIGN COMMON STOCKS — 96.0%
Australia — 7.9%    
Ampol, Ltd. 12,404   281,792
APA Group 56,822   451,612
ASX, Ltd. 9,397   571,621
Aurizon Holdings, Ltd. 144,275   396,561
Australia & New Zealand Banking Group, Ltd. 133,614   2,737,885
BHP Group, Ltd. 244,544   9,426,556
BlueScope Steel, Ltd. 21,263   330,642
Brambles, Ltd. 72,678   536,338
Cochlear, Ltd. 3,288   548,968
Coles Group, Ltd. 79,057   1,056,632
Commonwealth Bank of Australia 82,859   6,525,343
Computershare, Ltd. 24,948   458,521
CSL, Ltd. 25,828   5,156,367
Dexus REIT 65,896   537,887
Domino’s Pizza Enterprises, Ltd. 4,484   291,881
Evolution Mining, Ltd. 97,132   320,585
Fortescue Metals Group, Ltd. 86,232   1,325,545
Goodman Group REIT 96,925   1,647,388
GPT Group (The) REIT (Athens Exchange) 137,876   531,831
IDP Education, Ltd. 17,951   420,127
Insurance Australia Group, Ltd. 115,449   377,840
Lendlease Corporation, Ltd. 36,784   306,629
Macquarie Group, Ltd. 18,802   2,843,504
Medibank Pvt., Ltd. 94,662   217,489
Mineral Resources, Ltd. 7,000   275,942
Mirvac Group REIT 260,355   482,765
National Australia Bank, Ltd. 161,573   3,889,850
Newcrest Mining, Ltd. 40,166   811,650
Northern Star Resources, Ltd. 45,766   369,226
Orica, Ltd. 7,637   90,865
Origin Energy, Ltd. 62,971   293,113
Qantas Airways, Ltd.* 66,392   256,712
QBE Insurance Group, Ltd. 75,406   646,630
REA Group, Ltd. 4,130   414,030
Reece, Ltd. 18,888   265,934
Rio Tinto, Ltd. 16,768   1,499,062
Santos, Ltd. 177,590   1,029,632
Scentre Group REIT 265,947   604,672
SEEK, Ltd. 16,462   362,536
Sonic Healthcare, Ltd. 45,006   1,188,259
South32, Ltd. 212,814   808,966
Stockland REIT 133,688   423,658
Suncorp Group, Ltd. 68,156   564,992
Telstra Corporation, Ltd. 341,734   1,009,639
    Shares   Value
Transurban Group 138,068   $1,395,033
Vicinity Centres REIT 137,781   191,192
Washington H Soul Pattinson & Co., Ltd. 6,495   138,534
Wesfarmers, Ltd. 63,489   2,382,399
Westpac Banking Corporation 164,250   2,967,435
WiseTech Global, Ltd. 14,156   532,815
Woodside Petroleum, Ltd. 45,699   1,098,212
Woolworths Group, Ltd. 57,600   1,599,254
        62,892,551
Austria — 0.3%    
Erste Group Bank AG 27,963   1,019,713
OMV AG 10,806   516,338
Raiffeisen Bank International AG 25,320   359,469
Verbund AG 5,255   554,950
voestalpine AG 4,506   134,082
        2,584,552
Belgium — 0.8%    
Ageas SA/NV 4,155   210,049
Elia Group SA/NV 2,604   397,295
Etablissements Franz Colruyt NV 5,111   211,566
Groupe Bruxelles Lambert SA 11,620   1,202,395
KBC Group NV 13,105   940,274
Proximus SADP 7,723   143,813
Sofina SA 865   314,314
Solvay SA 4,910   483,908
UCB SA 14,083   1,684,285
Umicore SA 9,507   410,963
        5,998,862
Denmark — 2.3%    
Ambu A/S Class B 12,493   183,911
AP Moeller - Maersk A/S Class A 549   1,620,864
AP Moeller - Maersk A/S Class B 60   180,298
Chr. Hansen Holding A/S 9,414   691,241
Coloplast A/S Class B 9,701   1,469,105
Danske Bank A/S 52,273   869,566
Demant A/S* 13,113   593,428
DSV A/S 15,994   3,065,340
Genmab A/S* 4,830   1,744,370
GN Store Nord A/S 5,764   282,530
Novozymes A/S, B Shares 15,803   1,083,520
Orsted A/S 144A 13,730   1,718,605
Pandora A/S 9,048   861,952
ROCKWOOL International A/S, B Shares 1,073   354,208
Tryg A/S 43,880   1,066,929
Vestas Wind Systems A/S 74,690   2,191,018
        17,976,885
Finland — 1.3%    
Elisa OYJ 7,229   435,957
Fortum OYJ 22,487   410,996
Kesko OYJ, B Shares 12,949   357,524
Kone OYJ Class B 11,915   623,513
Neste OYJ 18,827   858,383
Nokia OYJ* 322,121   1,773,927
 
154
    Shares   Value
Nordea Bank Abp 155,036   $1,595,629
Nordea Bank Abp (NASDAQ Exchange) 1,819   18,723
Orion OYJ Class B 19,705   894,939
Sampo OYJ, A Shares 31,549   1,541,617
Stora Enso OYJ, R Shares 22,882   448,886
UPM-Kymmene OYJ 27,891   910,781
Wartsila OYJ Abp 14,669   133,941
        10,004,816
France — 10.0%    
Accor SA* 16,778   540,575
Aeroports de Paris* 2,268   339,153
Air Liquide SA 24,343   4,258,660
Alstom SA 13,522   316,400
Amundi SA 144A 3,229   220,802
Arkema SA 2,715   324,551
AXA SA 105,390   3,085,222
BioMerieux 1,757   187,526
BNP Paribas SA 51,911   2,966,437
Bollore SE 53,876   282,118
Bouygues SA 11,283   393,823
Bureau Veritas SA 15,449   440,465
Capgemini SE 7,893   1,751,481
Carrefour SA 29,587   643,874
Cie de St-Gobain 26,241   1,561,350
Cie Generale des Etablissements Michelin SCA 8,634   1,170,042
CNP Assurances 6,718   161,732
Covivio REIT 4,333   344,837
Credit Agricole SA 66,291   792,082
Danone SA 36,549   2,019,076
Dassault Systemes SE 37,571   1,845,812
Edenred 13,754   680,064
Eiffage SA 4,139   424,795
Electricite de France SA 37,402   351,062
Engie SA 92,715   1,218,924
EssilorLuxottica SA 18,021   3,295,872
Eurazeo SE 3,083   259,199
Eurofins Scientific SE 12,824   1,268,586
Faurecia SE 977   25,238
Faurecia SE (Euronext Paris Exchange) 5,122   133,217
Gecina SA REIT 2,894   364,726
Getlink SE 33,090   595,940
Hermes International 2,286   3,235,484
Ipsen SA 3,144   393,549
Kering SA 4,361   2,753,219
Klepierre REIT* 14,221   378,621
L’Oreal SA 14,682   5,864,657
Legrand SA 15,118   1,437,367
Orange SA 111,352   1,318,552
Orpea SA 3,616   156,912
Publicis Groupe SA 15,647   949,674
Renault SA* 7,966   208,232
Safran SA 14,290   1,682,441
Sanofi 73,051   7,468,709
Sartorius Stedim Biotech 2,225   910,948
Schneider Electric SE 28,838   4,841,622
    Shares   Value
SEB SA 1,871   $260,931
Societe Generale SA 43,102   1,155,451
Sodexo SA 8,568   697,229
Teleperformance 2,675   1,018,903
Thales SA 4,648   582,095
TotalEnergies SE 124,707   6,310,119
Ubisoft Entertainment SA* 5,285   232,238
Unibail-Rodamco-Westfield CDI* 10,140   37,954
Unibail-Rodamco-Westfield REIT* 6,095   456,560
Valeo 12,169   224,773
Veolia Environnement SA 39,674   1,272,087
Vinci SA 28,384   2,900,069
Vivendi SE 34,973   456,905
Wendel SE 1,720   175,154
Worldline SA 144A* 13,200   572,883
        80,216,979
Germany — 7.5%    
adidas AG 11,373   2,650,205
Allianz SE 21,572   5,151,570
Aroundtown SA 49,132   280,759
BASF SE 46,684   2,663,816
Bayerische Motoren Werke AG 15,493   1,338,868
Bechtle AG 3,882   218,557
Beiersdorf AG 7,547   792,843
Brenntag SE 7,869   634,489
Carl Zeiss Meditec AG 4,095   659,611
Commerzbank AG* 39,511   300,241
Continental AG* 4,960   355,564
Covestro AG 144A 8,920   449,170
Daimler Truck Holding AG* 19,583   543,134
Delivery Hero SE 144A* 6,459   281,508
Deutsche Bank AG* 96,500   1,215,340
Deutsche Boerse AG 11,154   2,007,841
Deutsche Lufthansa AG* 49,931   402,668
Deutsche Post AG 48,326   2,307,658
Deutsche Telekom AG 179,440   3,341,914
E.ON SE 140,727   1,634,987
Evonik Industries AG 13,302   369,030
Fresenius Medical Care AG & Co. KGaA 15,717   1,053,209
Fresenius SE & Co. KGaA 22,478   825,313
GEA Group AG 7,555   309,659
Hannover Rueck SE 3,483   591,686
HeidelbergCement AG 2,223   125,987
HelloFresh SE* 7,006   314,456
Henkel AG & Co. KGaA 8,746   577,277
Infineon Technologies AG 57,165   1,933,894
KION Group AG 3,513   231,532
Knorr-Bremse AG 3,578   274,279
LANXESS AG 3,845   168,788
LEG Immobilien SE 5,831   664,023
Mercedes-Benz Group AG 43,855   3,078,163
MTU Aero Engines AG 2,932   678,113
Muenchener Rueckversicherungs-Gesellschaft AG 8,326   2,225,870
Nemetschek SE 7,133   685,009
Puma SE 17,232   1,465,443
155
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Rational AG 243   $167,360
RWE AG 36,845   1,604,324
SAP SE 50,683   5,617,103
Siemens AG 34,686   4,802,878
Siemens Energy AG 18,963   431,422
Siemens Healthineers AG 144A 17,555   1,087,897
Symrise AG 6,729   806,759
Telefonica Deutschland Holding AG 56,298   153,119
Volkswagen AG 247   61,014
Vonovia SE 37,687   1,756,607
Zalando SE 144A* 10,454   529,330
        59,820,287
Hong Kong — 2.8%    
AIA Group, Ltd. 611,400   6,384,169
BOC Hong Kong Holdings, Ltd. 214,500   807,118
Chow Tai Fook Jewellery Group, Ltd.* 180,800   326,545
CK Asset Holdings, Ltd. 102,557   701,021
CK Hutchison Holdings, Ltd. 157,000   1,148,048
CK Infrastructure Holdings, Ltd. 35,000   233,969
CLP Holdings, Ltd. 96,000   934,070
ESR Cayman, Ltd. 144A* 115,800   358,852
Hang Lung Properties, Ltd. 117,000   235,823
Hang Seng Bank, Ltd. 46,300   890,476
Henderson Land Development Co., Ltd. 71,275   295,864
HKT Trust & HKT, Ltd. 266,000   364,728
Hong Kong & China Gas Co., Ltd. 562,138   679,018
Hong Kong Exchanges and Clearing, Ltd. 60,197   2,821,633
Link REIT 123,911   1,055,255
MTR Corporation, Ltd. 98,963   532,942
New World Development Co., Ltd. 83,466   338,634
Power Assets Holdings, Ltd. 81,000   527,881
Sino Land Co., Ltd. 330,331   425,933
SITC International Holdings Co., Ltd. 59,000   206,306
Sun Hung Kai Properties, Ltd. (Hong Kong Exchange) 68,000   809,029
Swire Pacific, Ltd. Class A 22,500   136,825
Swire Properties, Ltd. 63,800   157,663
Techtronic Industries Co., Ltd. 71,500   1,145,535
WH Group, Ltd. 144A 585,591   367,725
Wharf Real Estate Investment Co., Ltd. 115,000   568,360
Xinyi Glass Holdings, Ltd. 96,000   230,176
        22,683,598
Ireland — 0.7%    
CRH PLC 37,620   1,500,480
DCC PLC 5,616   434,870
James Hardie Industries PLC CDI 25,315   759,402
Kerry Group PLC Class A 8,753   978,952
Kingspan Group PLC 7,807   763,109
Smurfit Kappa Group PLC 17,166   762,469
        5,199,282
Israel — 0.7%    
Azrieli Group, Ltd. 1,239   108,853
Bank Hapoalim BM 48,532   480,497
    Shares   Value
Bank Leumi Le-Israel BM 65,831   $709,178
Check Point Software Technologies, Ltd.* 4,629   640,006
CyberArk Software, Ltd.* 2,381   401,794
Elbit Systems, Ltd. 1,618   353,860
ICL Group, Ltd. 53,933   641,133
Israel Discount Bank, Ltd. Class A 52,953   329,323
Kornit Digital, Ltd.* 2,834   234,343
Mizrahi Tefahot Bank, Ltd. 11,154   435,587
Nice, Ltd.* 2,756   602,809
Teva Pharmaceutical Industries, Ltd. ADR* 51,301   481,716
Wix.com, Ltd.* 2,346   245,063
        5,664,162
Italy — 2.0%    
Amplifon SpA 15,067   670,555
Assicurazioni Generali SpA 77,438   1,771,174
Atlantia SpA* 29,878   621,240
DiaSorin SpA 692   108,086
Enel SpA 375,358   2,506,173
Eni SpA 112,690   1,643,384
FinecoBank Banca Fineco SpA 27,715   420,439
Infrastrutture Wireless Italiane SpA 144A 26,318   294,610
Intesa Sanpaolo SpA 830,817   1,901,546
Mediobanca Banca di Credito Finanziario SpA 21,353   215,783
Moncler SpA 19,299   1,070,745
Nexi SpA 144A* 24,702   285,054
Poste Italiane SpA 144A 25,999   294,844
Prysmian SpA 8,844   300,132
Recordati Industria Chimica e Farmaceutica SpA 28,472   1,427,568
Snam SpA 106,584   614,622
Terna - Rete Elettrica Nazionale 90,920   780,756
UniCredit SpA 99,177   1,069,897
        15,996,608
Japan — 21.5%    
Advantest Corporation 6,200   484,058
Aeon Co., Ltd. 32,800   699,378
AGC, Inc. 7,200   287,679
Aisin Corporation 5,800   198,230
Ajinomoto Co., Inc. 33,800   959,338
ANA Holdings, Inc.* 7,400   154,684
Asahi Intecc Co., Ltd. 7,400   144,364
Asahi Kasei Corporation 78,000   674,664
Bandai Namco Holdings, Inc. 9,100   690,048
Bridgestone Corporation 32,300   1,253,750
Canon, Inc. 50,800   1,238,199
Capcom Co., Ltd. 8,400   203,652
Central Japan Railway Co. 7,300   951,872
Chubu Electric Power Co., Inc. 40,800   422,273
Chugai Pharmaceutical Co., Ltd. 43,000   1,434,842
Concordia Financial Group, Ltd. 10,800   40,194
CyberAgent, Inc. 23,800   294,516
Dai Nippon Printing Co., Ltd. 11,500   269,619
Daifuku Co., Ltd. 4,700   335,352
 
156
    Shares   Value
Dai-ichi Life Holdings, Inc. 49,600   $1,007,911
Daiichi Sankyo Co., Ltd. 92,700   2,024,290
Daikin Industries, Ltd. 13,200   2,397,172
Daito Trust Construction Co., Ltd. 3,500   371,506
Daiwa House Industry Co., Ltd. 25,600   667,358
Daiwa House REIT Investment Corporation 101   272,297
Daiwa Securities Group, Inc. 52,000   294,149
Denso Corporation 22,400   1,429,123
Dentsu Group, Inc. 11,700   478,136
Disco Corporation 1,900   531,311
East Japan Railway Co. 17,300   1,001,281
Eisai Co., Ltd. 18,200   843,181
ENEOS Holdings, Inc. 144,150   538,937
FANUC Corporation 8,900   1,562,038
Fast Retailing Co., Ltd. 2,900   1,486,706
Fuji Electric Co., Ltd. 2,700   134,570
FUJIFILM Holdings Corporation 22,500   1,373,398
Fujitsu, Ltd. 8,800   1,318,466
GLP J-REIT 117   177,782
GMO Payment Gateway, Inc. 1,900   193,565
Hakuhodo DY Holdings, Inc. 7,900   99,169
Hamamatsu Photonics KK 6,400   339,922
Hankyu Hanshin Holdings, Inc. 14,100   407,515
Hikari Tsushin, Inc. 1,200   136,423
Hirose Electric Co., Ltd. 605   87,697
Hitachi Metals, Ltd.* 2,000   33,461
Hitachi, Ltd. 45,400   2,272,007
Honda Motor Co., Ltd. 81,600   2,313,021
Hoya Corporation 20,600   2,347,532
Hulic Co., Ltd. 4,000   35,886
Ibiden Co., Ltd. 1,800   87,753
Idemitsu Kosan Co., Ltd. 8,736   240,812
Iida Group Holdings Co., Ltd. 2,500   43,102
Inpex Corporation 45,600   536,135
Isuzu Motors, Ltd. 18,100   233,816
Ito En, Ltd. 15,500   760,835
ITOCHU Corporation 58,600   1,982,201
Japan Airlines Co., Ltd.* 6,100   113,724
Japan Exchange Group, Inc. 25,800   479,052
Japan Metropolitan Fund Invest REIT 228   192,387
Japan Post Holdings Co., Ltd. 110,700   813,008
Japan Real Estate Investment Corporation REIT 46   240,930
JFE Holdings, Inc. 24,900   348,456
JSR Corporation 2,200   64,785
Kajima Corporation 17,500   212,918
Kakaku.com, Inc. 3,900   87,098
Kansai Electric Power Co., Inc. (The) 36,300   341,916
Kansai Paint Co., Ltd. 1,400   22,476
Kao Corporation 25,200   1,028,933
KDDI Corporation 84,500   2,770,471
Keio Corporation 7,300   284,558
Keisei Electric Railway Co., Ltd. 5,400   150,010
Keyence Corporation 9,200   4,266,064
Kikkoman Corporation 9,000   596,127
Kobayashi Pharmaceutical Co., Ltd. 2,300   184,283
Kobe Bussan Co., Ltd. 8,600   264,663
    Shares   Value
Koito Manufacturing Co., Ltd. 4,300   $174,019
Komatsu, Ltd. 29,500   708,753
Konami Holdings Corporation 5,500   346,912
Kose Corporation 1,400   146,476
Kubota Corporation 52,500   984,074
KuritaWater Industries, Ltd. 900   33,220
Kyocera Corporation 17,300   968,098
Kyowa Kirin Co., Ltd. 35,800   832,849
Lasertec Corporation 4,200   698,729
Lion Corporation 12,600   140,429
Lixil Corporation 12,900   240,143
M3, Inc. 21,000   758,436
Makita Corporation 7,900   252,773
Marubeni Corporation 67,200   780,340
Mazda Motor Corporation 20,700   152,157
McDonald’s Holdings Co. Japan, Ltd. 8,800   365,955
Medipal Holdings Corporation 25,800   424,517
MEIJI Holdings Co., Ltd. 8,000   433,856
Mercari, Inc.* 6,500   167,791
MINEBEA MITSUMI, Inc. 14,700   320,165
MISUMI Group, Inc. 10,900   324,502
Mitsubishi Chemical Holdings Corporation 63,200   420,326
Mitsubishi Corporation 67,300   2,525,550
Mitsubishi Electric Corporation 86,100   987,468
Mitsubishi Estate Co., Ltd. 66,800   994,683
Mitsubishi HC Capital, Inc. 38,900   180,749
Mitsubishi Heavy Industries, Ltd. 14,700   482,544
Mitsubishi UFJ Financial Group, Inc. 552,300   3,413,844
Mitsui & Co., Ltd. 81,600   2,215,051
Mitsui Chemicals, Inc. 9,400   236,312
Mitsui Fudosan Co., Ltd. 36,200   774,764
Mitsui OSK Lines, Ltd. 18,000   500,018
Mizuho Financial Group, Inc. 85,790   1,094,283
MonotaRO Co., Ltd. 8,000   171,699
MS&AD Insurance Group Holdings, Inc. 24,200   785,724
Murata Manufacturing Co., Ltd. 29,000   1,910,311
NEC Corporation 9,300   390,700
Nexon Co., Ltd. 24,400   583,739
Nidec Corporation 21,800   1,721,831
Nihon M&A Center, Inc. 11,800   165,058
Nintendo Co., Ltd. 5,400   2,725,715
Nippon Building Fund, Inc. REIT 69   391,425
NIPPON EXPRESS HOLDINGS, INC. 4,000   274,803
Nippon Paint Holdings Co., Ltd. 31,500   275,982
Nippon Prologis REIT, Inc. 121   353,302
Nippon Sanso Holdings Corporation 8,800   167,319
Nippon Shinyaku Co., Ltd. 9,600   652,706
Nippon Steel Corporation 37,900   668,732
Nippon Telegraph & Telephone Corporation 64,300   1,868,166
Nippon Yusen KK 8,500   743,533
Nissan Chemical Corporation 5,900   346,081
Nissan Motor Co., Ltd.* 112,800   501,207
Nisshin Seifun Group, Inc. 16,300   227,407
Nissin Foods Holdings Co., Ltd. 4,300   301,496
157
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Nitori Holdings Co., Ltd. 4,000   $503,251
Nitto Denko Corporation 7,100   508,985
Nomura Holdings, Inc. 168,800   709,933
Nomura Real Estate Master Fund, Inc. REIT 184   243,231
Nomura Research Institute, Ltd. 18,157   592,414
NTT Data Corporation 31,300   615,116
Obayashi Corporation 26,400   193,769
Obic Co., Ltd. 3,600   539,197
Odakyu Electric Railway Co., Ltd. 16,900   280,113
Oji Holdings Corporation 31,000   153,797
Olympus Corporation 57,000   1,080,298
Omron Corporation 8,300   552,353
Ono Pharmaceutical Co., Ltd. 65,400   1,639,277
Oracle Corporation 700   48,508
Oriental Land Co., Ltd. 12,100   2,316,005
ORIX Corporation 63,200   1,259,738
Orix JREIT, Inc. 119   161,380
Osaka Gas Co., Ltd. 15,000   257,043
Otsuka Corporation 6,900   244,649
Otsuka Holdings Co., Ltd. 41,900   1,447,552
Pan Pacific International Holdings Corporation 27,100   433,614
Panasonic Corporation 118,600   1,151,853
Pola Orbis Holdings, Inc. 7,300   95,054
Rakuten Group, Inc. 37,400   294,066
Recruit Holdings Co., Ltd. 65,200   2,832,747
Renesas Electronics Corporation* 63,600   736,931
Resona Holdings, Inc. 66,200   281,968
Ricoh Co., Ltd. 26,200   226,886
Rohm Co., Ltd. 3,100   240,684
Ryohin Keikaku Co., Ltd. 12,000   139,191
Santen Pharmaceutical Co., Ltd. 55,200   551,914
SBI Holdings, Inc. 9,400   237,170
Secom Co., Ltd. 12,500   904,274
Seiko Epson Corporation 18,200   273,417
Sekisui House, Ltd. 33,600   649,930
Seven & i Holdings Co., Ltd. 38,600   1,840,340
SG Holdings Co., Ltd. 8,800   165,711
Sharp Corporation 9,500   88,677
Shimadzu Corporation 12,300   423,052
Shimano, Inc. 3,200   732,827
Shimizu Corporation 26,800   160,831
Shin-Etsu Chemical Co., Ltd. 18,700   2,841,153
Shionogi & Co., Ltd. 19,200   1,179,712
Shiseido Co., Ltd. 21,800   1,101,085
SMC Corporation 2,700   1,509,284
SoftBank Corporation 137,600   1,604,844
SoftBank Group Corporation 55,500   2,481,386
Sohgo Security Services Co., Ltd. 600   19,567
Sompo Holdings, Inc. 14,400   632,743
Sony Group Corporation 63,500   6,532,608
Square Enix Holdings Co., Ltd. 7,600   336,670
Subaru Corporation 32,200   511,432
SUMCO Corporation 15,200   248,747
Sumitomo Corporation 54,900   950,794
Sumitomo Dainippon Pharma Co., Ltd. 13,500   133,188
    Shares   Value
Sumitomo Electric Industries, Ltd. 36,000   $427,942
Sumitomo Metal Mining Co., Ltd. 10,900   552,233
Sumitomo Mitsui Financial Group, Inc. 58,300   1,841,603
Sumitomo Mitsui Trust Holdings, Inc. 14,800   481,661
Sumitomo Realty & Development Co., Ltd. 21,100   583,950
Suntory Beverage & Food, Ltd. 24,900   949,068
Suzuki Motor Corporation 11,100   380,399
Sysmex Corporation 7,300   528,721
T&D Holdings, Inc. 22,500   305,505
Taisho Pharmaceutical Holdings Co., Ltd. 15,300   710,251
Takeda Pharmaceutical Co., Ltd. 99,536   2,836,002
TDK Corporation 19,900   717,936
Terumo Corporation 35,100   1,062,074
TIS, Inc. 8,000   187,221
Tobu Railway Co., Ltd. 11,900   289,342
Toho Co., Ltd. 2,900   109,591
Tokio Marine Holdings, Inc. 31,100   1,809,810
Tokyo Electric Power Co. Holdings, Inc.* 56,100   185,185
Tokyo Electron, Ltd. 7,000   3,594,928
Tokyo Gas Co., Ltd. 21,300   389,944
Tokyu Corporation 16,400   212,772
TOPPAN, Inc. 15,000   264,599
Toray Industries, Inc. 89,700   466,401
Toshiba Corporation 17,900   680,083
Toyo Suisan Kaisha, Ltd. 4,200   150,285
Toyota Industries Corporation 8,800   606,966
Toyota Motor Corporation 537,080   9,687,852
Toyota Tsusho Corporation 7,800   320,127
Trend Micro, Inc. 4,300   251,112
Tsuruha Holdings, Inc. 1,900   120,647
Unicharm Corporation 25,000   898,147
Welcia Holdings Co., Ltd. 4,600   113,184
West Japan Railway Co. 9,300   385,353
Yakult Honsha Co., Ltd. 11,500   613,455
Yamaha Corporation 5,400   234,663
Yamaha Motor Co., Ltd. 14,300   320,516
Yamato Holdings Co., Ltd. 11,600   216,690
Yaskawa Electric Corporation 9,000   350,775
Z Holdings Corporation 129,000   557,679
ZOZO, Inc. 5,700   152,220
        172,003,608
Jersey — 0.8%    
Ferguson PLC 12,836   1,739,020
Glencore PLC* 527,333   3,431,203
WPP PLC 75,700   990,769
        6,160,992
Netherlands — 5.5%    
Adyen NV 144A* 927   1,836,104
Aegon NV 97,467   516,686
AerCap Holdings NV* 6,500   326,820
Airbus SE* 27,433   3,310,299
Akzo Nobel NV 7,083   608,588
 
158
    Shares   Value
ArcelorMittal SA 34,529   $1,106,106
Argenx SE* 3,299   1,032,163
ASM International NV 2,234   813,470
ASML Holding NV 20,800   13,899,015
CNH Industrial NV 43,467   684,639
Euronext NV 144A 4,841   439,794
EXOR NV 3,560   270,630
Ferrari NV 7,866   1,713,684
IMCD NV 2,480   423,069
ING Groep NV 182,403   1,904,458
InPost SA* 16,419   104,176
JDE Peet's NV 8,224   235,906
Just Eat Takeaway.com NV 144A* 6,526   218,868
Koninklijke Ahold Delhaize NV 58,297   1,875,153
Koninklijke DSM NV 9,411   1,683,569
Koninklijke KPN NV 184,467   640,097
Koninklijke Philips NV 45,034   1,373,253
NN Group NV 4,404   223,189
Prosus NV* 43,666   2,354,813
QIAGEN NV* 24,023   1,178,807
Randstad NV 7,963   479,014
Stellantis NV 98,407   1,593,158
STMicroelectronics NV 30,860   1,341,299
Universal Music Group NV 34,973   933,574
Wolters Kluwer NV 10,268   1,094,635
        44,215,036
New Zealand — 0.2%    
Auckland International Airport, Ltd.* 11,623   62,888
Fisher & Paykel Healthcare Corporation, Ltd. 28,390   476,389
Ryman Healthcare, Ltd. 22,949   148,539
Spark New Zealand, Ltd. 145,344   459,960
Xero, Ltd.* 5,756   436,234
        1,584,010
Norway — 0.8%    
Adevinta ASA* 16,796   153,334
DNB Bank ASA 42,506   961,016
Equinor ASA 43,834   1,636,615
Gjensidige Forsikring ASA 8,027   199,047
Mowi ASA 26,051   701,708
Norsk Hydro ASA 56,215   546,178
Orkla ASA 60,619   538,569
Schibsted ASA Class A 9,647   237,775
Telenor ASA 36,667   526,154
Yara International ASA 10,434   521,789
        6,022,185
Portugal — 0.2%    
EDP - Energias de Portugal SA 154,225   759,078
Galp Energia SGPS SA 27,004   341,403
Jeronimo Martins SGPS SA 29,693   712,334
        1,812,815
Singapore — 1.1%    
Ascendas REIT 157,957   340,370
CapitaLand Integrated Commercial Trust REIT 154,203   255,104
    Shares   Value
Capitaland Investment, Ltd.* 174,460   $511,181
DBS Group Holdings, Ltd. 87,460   2,291,646
Hongkong Land Holdings, Ltd. 52,200   255,044
Jardine Matheson Holdings, Ltd. 13,200   726,000
Mapletree Logistics Trust REIT 7,947   10,799
Oversea-Chinese Banking Corporation, Ltd. 124,940   1,133,438
Singapore Airlines, Ltd.* 134,450   541,858
Singapore Telecommunications, Ltd. 454,500   882,525
United Overseas Bank, Ltd. 56,959   1,332,727
UOL Group, Ltd. 7,561   39,149
Wilmar International, Ltd. 198,000   685,719
        9,005,560
Spain — 2.3%    
ACS Actividades de Construccion y Servicios SA 18,728   504,897
Aena SME SA 144A* 3,930   655,132
Amadeus IT Group SA* 22,411   1,457,121
Banco Bilbao Vizcaya Argentaria SA 319,952   1,826,904
Banco Santander SA 789,110   2,682,919
CaixaBank SA 185,397   628,845
Cellnex Telecom SA 144A* 23,609   1,136,169
EDP Renovaveis SA 12,583   323,518
Enagas SA 17,674   392,474
Endesa SA 13,556   295,570
Ferrovial SA 28,612   760,932
Grifols SA 31,106   564,595
Iberdrola SA 275,423   3,010,368
Industria de Diseno Textil SA 56,903   1,240,769
Naturgy Energy Group SA 23,280   697,457
Red Electrica Corporation SA 23,715   486,893
Repsol SA 42,415   555,603
Siemens Gamesa Renewable Energy SA* 6,866   120,424
Telefonica SA 281,234   1,362,933
        18,703,523
Sweden — 3.2%    
Alfa Laval AB 14,717   506,227
Assa Abloy AB, B Shares 57,247   1,538,776
Atlas Copco AB, A Shares 28,714   1,490,428
Atlas Copco AB, B Shares 19,228   871,981
Boliden AB 9,794   494,060
Electrolux AB, B Shares 13,970   211,401
Embracer Group AB* 27,006   225,423
Epiroc AB, A Shares 31,158   666,434
Epiroc AB, B Shares 20,075   362,443
EQT AB 12,795   498,983
Essity AB, B Shares 53,660   1,266,324
Fastighets AB Balder, B Shares* 4,801   316,098
Getinge AB, B Shares 12,152   484,123
H & M Hennes & Mauritz AB, B Shares 42,435   569,802
Hexagon AB, B Shares 97,566   1,366,978
Husqvarna AB, B Shares 23,565   245,824
Industrivarden AB, A Shares 1,009   28,616
Industrivarden AB, C Shares 18,571   517,646
159
INTERNATIONAL EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Investment AB Latour, B Shares 9,171   $291,153
Investor AB, B Shares 120,422   2,616,558
Kinnevik AB, B Shares* 10,870   283,447
L E Lundbergforetagen AB, B Shares 5,888   298,830
Lifco AB, B Shares 16,505   418,989
Lundin Energy AB 8,084   339,319
Nibe Industrier AB, B Shares 74,413   824,835
Sagax AB, B Shares 11,741   356,281
Sandvik AB 51,379   1,091,436
Securitas AB, B Shares 14,981   169,006
Sinch AB 144A* 22,610   153,352
Skandinaviska Enskilda Banken AB, A Shares 79,780   862,490
Skanska AB, B Shares 13,311   297,796
SKF AB, B Shares 13,321   217,212
Svenska Cellulosa AB SCA, B Shares 26,301   510,704
Svenska Handelsbanken AB, A Shares 65,615   603,359
Swedbank AB, A Shares 41,659   622,204
Tele2 AB, B Shares 19,177   289,876
Telefonaktiebolaget LM Ericsson, B Shares 138,995   1,267,015
Telia Co AB 126,527   507,337
Volvo AB, B Shares 76,978   1,436,051
        25,118,817
Switzerland — 10.5%    
ABB, Ltd. 68,606   2,225,628
Adecco Group AG 8,557   388,159
Alcon, Inc. 23,311   1,846,836
Bachem Holding AG 662   364,327
Barry Callebaut AG 219   513,435
Chocoladefabriken Lindt & Spruengli AG 40   476,077
Chocoladefabriken Lindt & Spruengli AG (Swiss Exchange) 12   1,451,501
Cie Financiere Richemont SA Class A 29,913   3,791,619
Coca-Cola HBC AG* 53,299   1,111,600
Credit Suisse Group AG 104,613   823,526
EMS-Chemie Holding AG 154   149,658
Geberit AG 1,584   976,467
Givaudan SA 437   1,806,093
Holcim, Ltd.* 1,494   72,566
Holcim, Ltd. (Swiss Exchange)* 13,262   645,021
Julius Baer Group, Ltd. 11,052   639,850
Kuehne + Nagel International AG 2,592   735,944
Logitech International SA 9,124   678,206
Nestle SA 144,472   18,784,056
Novartis AG 120,422   10,572,035
Partners Group Holding AG 915   1,132,955
Roche Holding AG 36,207   14,325,729
Roche Holding AG (Swiss Exchange) 3,949   1,727,100
Schindler Holding AG 2,186   468,394
SGS SA 175   486,525
Sika AG 6,515   2,155,513
Sonova Holding AG 2,443   1,020,535
Straumann Holding AG 637   1,017,090
Swatch Group AG (The) 3,611   1,023,805
Swiss Life Holding AG 1,166   747,180
Swiss Re AG 16,099   1,532,527
    Shares   Value
Swisscom AG 1,391   $835,722
Temenos AG 3,832   368,599
UBS Group AG 170,452   3,330,855
VAT Group AG 144A 1,112   423,382
Vifor Pharma AG* 6,734   1,200,613
Zurich Insurance Group AG 8,288   4,093,443
        83,942,571
United Kingdom — 13.6%    
3i Group PLC 69,134   1,250,107
abrdn PLC 114,480   320,555
Admiral Group PLC 23,127   775,559
Anglo American PLC 71,836   3,732,770
Antofagasta PLC 23,560   511,934
Ashtead Group PLC 24,479   1,541,306
Associated British Foods PLC 22,791   495,092
Auto Trader Group PLC 144A 54,162   447,123
AVEVA Group PLC 8,238   263,127
Aviva PLC 324,454   1,919,766
BAE Systems PLC 224,084   2,104,475
Barclays PLC 1,028,179   1,993,101
Barratt Developments PLC 50,118   341,194
Berkeley Group Holdings PLC* 6,217   303,244
BP PLC 1,152,493   5,649,961
British Land Co. PLC (The) REIT 51,612   357,354
BT Group PLC 453,308   1,080,827
Bunzl PLC 26,142   1,013,816
Burberry Group PLC 30,456   664,845
Coca-Cola Europacific Partners PLC 21,997   1,069,274
Compass Group PLC 98,923   2,128,833
Croda International PLC 8,431   867,312
Experian PLC 53,919   2,077,263
Halma PLC 23,059   754,424
Hargreaves Lansdown PLC 23,678   312,096
Hikma Pharmaceuticals PLC 34,178   922,054
HSBC Holdings PLC 1,123,312   7,672,858
Informa PLC* 87,112   682,524
InterContinental Hotels Group PLC 14,742   997,070
Intertek Group PLC 8,134   554,883
J Sainsbury PLC 118,172   391,124
JD Sports Fashion PLC 159,615   307,565
Johnson Matthey PLC 13,222   323,367
Kingfisher PLC 108,273   361,377
Land Securities Group PLC REIT 42,490   435,939
Legal & General Group PLC 335,080   1,187,990
Lloyds Banking Group PLC 4,171,424   2,540,262
London Stock Exchange Group PLC 19,997   2,085,299
M&G PLC 308,841   889,874
Melrose Industries PLC 238,315   386,580
Mondi PLC 49,454   961,280
National Grid PLC 232,847   3,578,444
Natwest Group PLC 383,851   1,084,126
Next PLC 7,706   606,082
Ocado Group PLC* 22,804   348,209
Pearson PLC 41,042   402,418
Persimmon PLC 15,563   436,408
Phoenix Group Holdings PLC 46,052   368,964
Prudential PLC 141,564   2,089,948
 
160
    Shares   Value
Reckitt Benckiser Group PLC 46,291   $3,531,354
RELX PLC 107,525   3,345,937
Rentokil Initial PLC 101,023   695,895
Rio Tinto PLC 68,168   5,449,798
Rolls-Royce Holdings PLC* 419,124   551,147
Sage Group PLC (The) 68,811   630,494
Schroders PLC 6,913   291,103
Segro PLC REIT 114,300   2,009,286
Severn Trent PLC 25,238   1,017,199
Shell PLC 416,057   11,403,590
Smith & Nephew PLC 46,538   740,181
Smiths Group PLC 26,226   496,877
Spirax-Sarco Engineering PLC 6,430   1,051,181
SSE PLC 59,270   1,354,263
St. James’s Place PLC 37,454   706,135
Standard Chartered PLC (London Exchange) 191,722   1,272,653
Taylor Wimpey PLC 203,676   346,844
Tesco PLC 510,319   1,847,511
Unilever PLC 143,793   6,528,604
United Utilities Group PLC 72,451   1,066,879
Vodafone Group PLC 1,476,417   2,421,008
Whitbread PLC* 15,331   570,829
        108,918,771
Total Foreign Common Stocks
(Cost $696,947,789) 		  766,526,470
FOREIGN PREFERRED STOCKS — 0.5%
Germany — 0.5%    
Bayerische MotorenWerke AG        
8.11%◊ 6,364   492,943
    Shares   Value
Henkel AG & Co. KGaA        
3.04%◊ 8,912   $596,496
Porsche Automobil Holding SE        
2.88%◊ 6,508   626,031
Sartorius AG        
0.31%◊ 1,199   529,171
Volkswagen AG        
4.72%◊ 11,005   1,891,224
        4,135,865
Total Foreign Preferred Stocks
(Cost $3,942,325) 		  4,135,865
MONEY MARKET FUNDS — 3.9%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		16,004,556   16,004,556
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 15,565,204   15,565,204
Total Money Market Funds
(Cost $31,569,760) 		  31,569,760
TOTAL INVESTMENTS — 100.7%
(Cost $736,077,476) 		    804,541,944
Liabilities in Excess of Other
Assets — (0.7)% 		    (5,912,930)
NET ASSETS — 100.0%     $798,629,014
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
MSCI EAFE Index   06/2022   226   $24,231,720   $1,143,502
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
161
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 3.1%
Consumer Discretionary — 0.8%    
Lululemon Athletica, Inc.* 16,500   $6,026,295
Trip.com Group, Ltd. ADR* 172,125   3,979,530
        10,005,825
Financials — 0.7%    
Everest Re Group, Ltd. 29,777   8,974,192
Health Care — 1.1%    
Mettler-Toledo International, Inc.* 4,200   5,767,398
ResMed, Inc. 31,400   7,614,814
        13,382,212
Information Technology — 0.5%    
Cognizant Technology Solutions Corporation Class A 31,320   2,808,465
EPAM Systems, Inc.* 9,220   2,734,744
        5,543,209
Total Common Stocks
(Cost $30,596,347) 		  37,905,438
FOREIGN COMMON STOCKS — 87.1%
Australia — 2.7%    
Ampol, Ltd. 43,642   991,452
ASX, Ltd.‡‡ 2,303   140,092
Aurizon Holdings, Ltd. 481,126   1,322,445
Australia & New Zealand Banking Group, Ltd. 44,047   902,567
BHP Group, Ltd.‡‡ 64,195   2,474,556
BlueScope Steel, Ltd.‡‡ 207,817   3,231,575
Brambles, Ltd. 252,409   1,862,688
carsales.com, Ltd. 17,841   276,202
Cochlear, Ltd. 1,249   208,534
Coles Group, Ltd. 35,308   471,907
CSL, Ltd. 40,867   8,158,791
Dexus REIT‡‡ 55,775   455,273
Goodman Group REIT‡‡ 50,048   850,642
GPT Group (The) REITΨ†††* 63,198     —
GPT Group (The) REIT (Athens Exchange) 104,984   404,956
Harvey Norman Holdings, Ltd. 341,839   1,362,236
Incitec Pivot, Ltd. 240,287   680,185
JB Hi-Fi, Ltd. 44,953   1,817,009
Magellan Financial Group, Ltd. 18,357   217,164
Mirvac Group REIT‡‡ 355,598   659,370
NEXTDC, Ltd.* 8,700   74,951
Orica, Ltd. 170,218   2,025,246
Rio Tinto, Ltd.‡‡ 4,796   428,763
Santos, Ltd. 15,116   87,640
Scentre Group REIT‡‡ 186,809   424,740
Seven Group Holdings, Ltd. 8,366   132,092
Sonic Healthcare, Ltd. 25,640   676,954
South32, Ltd. 262,107   996,342
Stockland REIT‡‡ 206,720   655,096
Suncorp Group, Ltd. 104,004   862,161
Telstra Corporation, Ltd. 28,813   85,127
Vicinity Centres REIT‡‡ 336,787   467,344
Westpac Banking Corporation 5,572   100,667
    Shares   Value
Woodside Petroleum, Ltd. 6,369   $153,056
        33,657,823
Belgium — 0.1%    
Ageas SA/NV 5,301   267,983
Etablissements Franz Colruyt NV 10,545   436,503
Groupe Bruxelles Lambert SA‡‡ 415   42,943
KBC Group NV 3,973   285,060
Proximus SADP 29,987   558,399
Umicore SA 3,184   137,636
        1,728,524
Canada — 3.4%    
Agnico Eagle Mines, Ltd.Δ 42,232   2,586,287
Canadian National Railway Co. 77,535   10,400,545
Canadian Pacific Railway, Ltd.Δ 110,120   9,089,305
Kinross Gold Corporation 576,399   3,384,209
Open Text Corporation 47,800   2,026,859
Restaurant Brands International, Inc.Δ 25,610   1,495,368
Shopify, Inc. Class A* 5,250   3,548,790
Toronto-Dominion Bank (The) 121,619   9,649,553
        42,180,916
China — 0.9%    
Tencent Holdings, Ltd. 208,000   9,587,623
Vipshop Holdings, Ltd. ADR* 205,064   1,845,576
        11,433,199
Denmark — 0.9%    
AP Moeller - Maersk A/S Class B 1,078   3,239,351
Danske Bank A/S 12,095   201,201
DSV A/S 26,500   5,078,874
Genmab A/S* 2,712   979,447
GN Store Nord A/S 6,971   341,693
H Lundbeck A/S 10,608   244,419
Pandora A/S‡‡ 8,949   852,521
        10,937,506
Finland — 0.3%    
Huhtamaki OYJ 6,780   235,865
Kone OYJ Class B 25,572   1,338,185
Neste OYJ 7,316   333,560
Nokia OYJ* 109,979   605,657
Nokian Renkaat OYJ 10,972   178,073
UPM-Kymmene OYJ 31,600   1,031,899
        3,723,239
France — 11.1%    
Accor SA* 218,470   7,038,945
Air Liquide SA 54,636   9,558,236
AXA SA 215,835   6,318,425
BNP Paribas SA 88,892   5,079,704
Bureau Veritas SA 245,429   6,997,398
Capgemini SE 66,425   14,739,916
Danone SA 122,537   6,769,311
Edenred 9,000   445,004
Engie SA 330,421   4,344,046
Hermes International 7,175   10,155,116
L’Oreal SA 33,684   13,454,918
 
162
    Shares   Value
Publicis Groupe SA 41,656   $2,528,255
Sanofi 97,652   9,983,907
Schneider Electric SE 129,602   21,758,926
SCOR SE 99,344   3,194,451
TotalEnergies SEΔ 157,683   7,978,690
Valeo 107,061   1,977,520
Worldline SA 144A* 81,800   3,550,136
        135,872,904
Germany — 9.7%    
adidas AG 22,932   5,343,754
Allianz SE 26,355   6,293,789
Aurubis AG 8,879   1,056,970
BASF SE 6,088   347,385
Bayerische Motoren Werke AG 66,249   5,725,079
Beiersdorf AG 91,880   9,652,361
Brenntag SE 6,763   545,311
Continental AG* 94,953   6,806,823
Covestro AG 144A 6,692   336,978
Daimler Truck Holding AG* 145,508   4,035,663
Deutsche Bank AG* 136,767   1,722,470
Deutsche Boerse AG 74,046   13,329,085
Deutsche Post AG 64,721   3,090,550
Freenet AG 14,266   381,772
Fresenius Medical Care AG & Co. KGaA 121,779   8,160,512
Fresenius SE & Co. KGaA‡‡ 85,933   3,155,157
GEA Group AG 7,576   310,520
HelloFresh SE* 8,096   363,379
Henkel AG & Co. KGaA 34,400   2,270,560
HOCHTIEF AG 3,541   238,531
Mercedes-Benz Group AG 77,573   5,444,815
METRO AG* 70,956   628,907
ProSiebenSat.1 Media SE 52,934   674,258
Rheinmetall AG 7,600   1,606,401
RWE AG‡‡ 4,397   191,456
SAP SE 201,307   22,310,483
Siemens AG 66,946   9,269,835
Siemens Energy AG 79,654   1,812,187
Telefonica Deutschland Holding AG 91,860   249,840
thyssenkrupp AG* 305,284   2,609,392
Uniper SE 14,187   366,510
United Internet AG 2,292   78,657
Vitesco Technologies Group AG* 3,053   121,113
Vonovia SE 8,154   380,061
Wacker Chemie AG 1,834   312,145
        119,222,709
Hong Kong — 3.0%    
AIA Group, Ltd. 1,648,126   17,209,543
Alibaba Group Holding, Ltd.* 515,359   7,032,956
Baidu, Inc. Class A* 287,887   5,080,825
JD.com, Inc. Class A* 9,619   273,323
Li Ning Co., Ltd. 390,000   3,311,629
Shenzhou International Group Holdings, Ltd. 200,600   2,648,326
Trip.com Group, Ltd.* 30,900   721,389
        36,277,991
    Shares   Value
India — 1.1%    
Axis Bank, Ltd.* 181,318   $1,805,181
HDFC Bank, Ltd. 429,350   8,269,207
HDFC Bank, Ltd. ADR 53,627   3,288,944
        13,363,332
Indonesia — 0.0%    
PT Bank Mandiri Persero Tbk 402,300   220,647
Ireland — 5.0%    
Accenture PLC Class A 21,100   7,115,553
Aon PLC Class A 38,990   12,696,314
CRH PLC 30,030   1,197,751
ICON PLC* 24,500   5,958,890
Linde PLC 5,422   1,730,119
Medtronic PLC 92,557   10,269,199
Ryanair Holdings PLC ADR* 74,875   6,523,110
STERIS PLC 23,200   5,609,064
Willis Towers Watson PLC 43,284   10,224,546
        61,324,546
Israel — 0.6%    
Check Point Software Technologies, Ltd.* 54,787   7,574,851
Italy — 0.9%    
Atlantia SpA* 3,435   71,422
Azimut Holding SpA 3,677   85,246
Banco BPM SpA 71,752   211,357
Buzzi Unicem SpA 68,888   1,274,784
Enel SpA 84,498   564,172
Hera SpA 35,624   131,244
Intesa Sanpaolo SpA 2,329,737   5,332,257
Italgas SpA 88,617   568,519
Leonardo SpA* 79,134   786,368
Mediobanca Banca di Credito Finanziario SpA 30,399   307,197
Prysmian SpA 10,942   371,330
Recordati Industria Chimica e Farmaceutica SpA 3,373   169,120
Telecom Italia SpA 121,188   44,492
UniCredit SpA 31,050   334,960
Unipol Gruppo SpA 145,322   797,088
        11,049,556
Japan — 13.8%    
Advantest Corporation 6,900   538,710
Aeon Co., Ltd. 8,000   170,580
Aisin Corporation 20,900   714,313
Ajinomoto Co., Inc. 7,400   210,032
Alfresa Holdings Corporation 13,900   192,677
Amada Co., Ltd. 25,900   227,704
Asics Corporation 9,400   181,390
Bandai Namco Holdings, Inc. 2,600   197,157
Bridgestone CorporationΔ 6,000   232,895
Brother Industries, Ltd.‡‡ 52,000   945,642
Canon, Inc.Δ 9,600   233,990
Central Japan Railway Co. 700   91,275
Chugai Pharmaceutical Co., Ltd. 4,100   136,811
Concordia Financial Group, Ltd. 36,600   136,213
163
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
CyberAgent, Inc. 22,700   $280,904
Dai Nippon Printing Co., Ltd. 2,800   65,646
Dai-ichi Life Holdings, Inc. 43,000   873,794
Daiichi Sankyo Co., Ltd. 14,500   316,636
Daikin Industries, Ltd. 53,900   9,788,453
Daito Trust Construction Co., Ltd.‡‡ 79,133   8,399,529
Daiwa House Industry Co., Ltd.‡‡ 16,900   440,561
DeNA Co., Ltd. 2,900   44,054
Denso Corporation 3,600   229,680
Disco Corporation 600   167,782
East Japan Railway Co. 2,900   167,845
Eisai Co., Ltd. 4,300   199,213
ENEOS Holdings, Inc. 368,000   1,375,851
FANUC Corporation 1,400   245,714
Fast Retailing Co., Ltd. 400   205,063
Food & Life Cos., Ltd. 14,000   390,488
Fuji Electric Co., Ltd.Δ 3,200   159,491
FUJIFILM Holdings Corporation 2,600   158,704
Fujitsu, Ltd.‡‡ 7,600   1,138,676
Fukuoka Financial Group, Inc. 10,900   210,326
GMO Payment Gateway, Inc. 500   50,938
Hakuhodo DY Holdings, Inc. 8,900   111,722
Hankyu Hanshin Holdings, Inc. 5,600   161,850
Haseko Corporation‡‡ 29,300   336,534
Hirose Electric Co., Ltd. 1,400   202,936
Hitachi Transport System, Ltd. 9,600   526,688
Hitachi, Ltd.‡‡ 10,200   510,451
Honda Motor Co., Ltd. 28,700   813,526
Hoya Corporation‡‡ 86,700   9,880,149
Ibiden Co., Ltd. 2,900   141,381
Iida Group Holdings Co., Ltd. 19,400   334,474
Inpex CorporationΔ 43,300   509,093
Ito En, Ltd. 2,500   122,715
ITOCHU CorporationΔ 7,100   240,164
Japan Airlines Co., Ltd.* 3,600   67,116
Japan Exchange Group, Inc. 243,421   4,519,819
Japan Metropolitan Fund Invest REIT 166   140,071
Japan Post Holdings Co., Ltd. 51,300   376,760
Japan Post Insurance Co., Ltd. 67,200   1,170,299
Japan Real Estate Investment Corporation REITΔ 49   256,643
JFE Holdings, Inc. 14,400   201,516
JSR Corporation 4,800   141,350
JTEKT Corporation 30,000   234,710
Kajima Corporation 82,400   1,002,537
Kamigumi Co., Ltd. 36,800   660,582
Kao CorporationΔ 3,300   134,741
KDDI CorporationΔ 9,600   314,752
Keyence Corporation 12,700   5,889,023
Kinden Corporation 67,100   864,807
Kintetsu Group Holdings Co., Ltd. 5,200   148,850
Komatsu, Ltd. 62,000   1,489,582
Kubota CorporationΔ 264,772   4,962,956
KuritaWater Industries, Ltd. 3,300   121,806
Kyocera Corporation 7,800   436,484
Kyushu Electric Power Co., Inc. 23,600   158,012
Lasertec Corporation 28,900   4,807,922
Lixil Corporation 6,800   126,587
    Shares   Value
M3, Inc. 3,100   $111,960
Mabuchi Motor Co., Ltd. 6,200   193,006
Makita Corporation 143,273   4,584,248
Marubeni Corporation 153,300   1,780,152
Mazda Motor Corporation 81,500   599,074
Medipal Holdings Corporation 3,700   60,880
MISUMI Group, Inc. 5,400   160,762
Mitsubishi Chemical Holdings Corporation 23,700   157,622
Mitsubishi Corporation 12,100   454,074
Mitsubishi Electric Corporation 41,000   470,223
Mitsubishi Estate Co., Ltd.‡‡ 35,400   527,122
Mitsubishi HC Capital, Inc. 42,100   195,618
Mitsubishi Heavy Industries, Ltd. 16,500   541,631
Mitsubishi UFJ Financial Group, Inc.Δ 111,200   687,343
Mitsui & Co., Ltd.Δ 39,000   1,058,664
Mitsui Chemicals, Inc. 8,600   216,200
Mitsui Fudosan Co., Ltd.‡‡ 27,900   597,125
Mitsui OSK Lines, Ltd. 6,900   191,674
Mizuho Financial Group, Inc. 276,900   3,531,962
Murata Manufacturing Co., Ltd. 8,900   586,268
Nabtesco Corporation 10,000   264,026
NEC Corporation 3,600   151,238
Nexon Co., Ltd. 5,700   136,365
NGK Insulators, Ltd. 8,200   116,973
NGK Spark Plug Co., Ltd. 54,900   883,940
NH Foods, Ltd. 7,200   244,556
Nidec Corporation 2,100   165,864
Nihon M&A Center, Inc. 8,000   111,904
Nihon Unisys, Ltd. 40,900   1,037,656
Nikon Corporation 10,100   107,848
Nintendo Co., Ltd. 10,401   5,250,030
Nippon Building Fund, Inc. REIT 16   90,765
NIPPON EXPRESS HOLDINGS, INC. 3,800   261,063
Nippon Steel Corporation 110,500   1,949,734
Nippon Telegraph & Telephone Corporation 56,200   1,632,830
Nippon Yusen KK 4,000   349,898
Nisshin Seifun Group, Inc. 10,100   140,908
Nitori Holdings Co., Ltd. 1,000   125,813
Nitto Denko Corporation‡‡ 19,200   1,376,411
NOF Corporation 2,700   110,320
Nomura Holdings, Inc. 230,700   970,270
NS Solutions Corporation 15,900   476,487
Obayashi Corporation 144,900   1,063,527
Obic Co., Ltd. 1,200   179,732
Olympus Corporation 7,800   147,830
Omron Corporation 2,600   173,026
Ono Pharmaceutical Co., Ltd. 11,500   288,252
Oriental Land Co., Ltd. 1,400   267,967
ORIX Corporation 34,900   695,646
Osaka Gas Co., Ltd. 10,900   186,784
Otsuka Holdings Co., Ltd. 5,900   203,832
Panasonic Corporation 92,200   895,454
Persol Holdings Co., Ltd. 3,100   69,460
Recruit Holdings Co., Ltd. 23,900   1,038,384
 
164
    Shares   Value
Renesas Electronics Corporation* 82,200   $952,449
Resona Holdings, Inc.‡‡ 280,100   1,193,041
Ricoh Co., Ltd. 31,400   271,917
Rohm Co., Ltd. 2,800   217,392
Rohto Pharmaceutical Co., Ltd. 8,400   253,566
Sankyu, Inc. 8,300   270,532
Santen Pharmaceutical Co., Ltd. 12,600   125,980
SCREEN Holdings Co., Ltd. 9,600   956,882
SCSK Corporation 13,500   230,858
Secom Co., Ltd. 2,100   151,918
Sekisui Chemical Co., Ltd. 9,600   137,557
Sekisui House, Ltd. 176,608   3,416,158
Seven & i Holdings Co., Ltd. 13,900   662,713
Shimamura Co., Ltd. 18,200   1,617,595
Shimano, Inc. 800   183,207
Shimizu Corporation 75,000   450,087
Shin-Etsu Chemical Co., Ltd. 2,600   395,027
Shinko Electric Industries Co., Ltd. 3,100   145,825
Shionogi & Co., Ltd. 300   18,433
Shiseido Co., Ltd. 3,500   176,780
SMC Corporation 14,600   8,161,314
SoftBank Corporation 24,300   283,414
SoftBank Group Corporation 21,100   943,374
Sojitz Corporation‡‡ 61,760   1,015,721
Sompo Holdings, Inc. 1,600   70,305
Sony Group CorporationΔ 9,000   925,881
Stanley Electric Co., Ltd. 5,500   103,990
Subaru Corporation 52,000   825,916
SUMCO Corporation 5,200   85,098
Sumitomo Corporation 59,100   1,023,533
Sumitomo Dainippon Pharma Co., Ltd. 9,600   94,711
Sumitomo Electric Industries, Ltd. 13,500   160,478
Sumitomo Forestry Co., Ltd. 29,200   514,515
Sumitomo Heavy Industries, Ltd. 19,900   456,027
Sumitomo Metal Mining Co., Ltd. 2,300   116,526
Sumitomo Mitsui Financial Group, Inc.Δ 41,200   1,301,441
Sumitomo Mitsui Trust Holdings, Inc. 202,700   6,596,798
Sumitomo Realty & Development Co., Ltd.‡‡ 6,000   166,052
Sundrug Co., Ltd. 7,200   175,359
Suzuken Co., Ltd. 11,800   349,538
Suzuki Motor Corporation 3,000   102,811
Sysmex Corporation 2,000   144,855
T&D Holdings, Inc. 11,600   157,505
Taiheiyo Cement Corporation 11,700   192,796
Taisei Corporation 26,500   765,031
Takeda Pharmaceutical Co., Ltd. 14,700   418,836
TDK Corporation 5,300   191,209
Terumo Corporation 185,600   5,615,980
Tokio Marine Holdings, Inc.Δ 130,936   7,619,592
Tokyo Electric Power Co. Holdings, Inc.* 435,800   1,438,570
Tokyo Electron, Ltd.‡‡ 2,500   1,283,903
Tokyu Corporation 12,200   158,282
Toshiba Corporation 4,200   159,573
    Shares   Value
Tosoh Corporation 13,800   $203,957
Toyo Suisan Kaisha, Ltd. 7,400   264,788
Toyota Boshoku Corporation 57,300   931,743
Toyota Motor Corporation 153,500   2,768,834
Toyota Tsusho Corporation 15,600   640,254
Trend Micro, Inc. 4,500   262,792
Unicharm Corporation 3,100   111,370
USS Co., Ltd. 8,600   144,511
Yakult Honsha Co., Ltd. 3,000   160,032
Yamada Holdings Co., Ltd. 335,900   1,044,274
Yamaha Motor Co., Ltd. 6,700   150,172
Yamato Holdings Co., Ltd. 20,700   386,680
Z Holdings Corporation 24,300   105,051
        169,729,055
Jersey — 0.5%    
Glencore PLC* 700,465   4,557,723
WPP PLC 105,298   1,378,150
        5,935,873
Mexico — 0.2%    
Grupo Televisa SAB SA ADR 167,600   1,960,920
Netherlands — 5.3%    
Adyen NV 144A* 2,025   4,010,907
Aegon NV 97,178   515,154
Akzo Nobel NV 61,702   5,301,580
ArcelorMittal SA 44,843   1,436,506
ASM International NV 12,350   4,497,027
ASML Holding NV 17,683   11,812,869
ASR Nederland NV‡‡ 12,165   567,934
CNH Industrial NV 237,489   3,740,638
Euronext NV 144A 91,437   8,306,842
EXOR NV 44,923   3,415,033
Ferrari NVΔ 27,500   5,991,141
ING Groep NV‡‡ 48,701   508,484
Iveco Group NV* 23,549   155,004
Just Eat Takeaway.com NV 144A* 2,119   71,067
Koninklijke Ahold Delhaize NV‡‡ 114,298   3,676,454
Koninklijke Philips NV 144,547   4,407,773
NN Group NV 17,200   871,675
OCI NV* 1,876   66,231
Prosus NV* 74,322   4,008,026
QIAGEN NV* 8,655   424,700
Signify NV 144A 6,670   310,271
Stellantis NV 72,728   1,177,429
Universal Music Group NV 9,145   244,118
        65,516,863
Nigeria — 0.0%    
Afriland Properties PLCΨ††† 364,373     —
Norway — 0.3%    
DNB Bank ASA 15,435   348,969
Equinor ASA 18,703   698,308
Leroy Seafood Group ASA 30,165   276,695
Orkla ASA 59,890   532,092
Telenor ASA 19,130   274,507
165
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Yara International ASA 22,189   $1,109,639
        3,240,210
Portugal — 0.5%    
Galp Energia SGPS SA 442,155   5,590,027
Singapore — 0.7%    
Ascendas REIT‡‡ 158,700   341,971
CapitaLand Integrated Commercial Trust REIT‡‡ 233,640   386,520
Mapletree Commercial Trust REIT 136,500   189,914
Singapore Exchange, Ltd.‡‡Δ 999,132   7,322,088
        8,240,493
South Korea — 1.2%    
KB Financial Group, Inc. 161,803   8,108,581
NAVER Corporation 9,345   2,597,247
Samsung Electronics Co., Ltd. GDR 2,823   3,979,112
        14,684,940
Spain — 1.6%    
Aena SME SA 144A* 35,383   5,898,358
Amadeus IT Group SA* 203,431   13,226,698
        19,125,056
Sweden — 2.1%    
Assa Abloy AB, B Shares 120,363   3,235,308
Atlas Copco AB, A Shares 58,000   3,010,546
Atlas Copco AB, B Shares 6,930   314,272
Electrolux AB, B Shares 65,407   989,772
Getinge AB, B Shares 11,965   476,673
H & M Hennes & Mauritz AB, B SharesΔ 189,941   2,550,460
Husqvarna AB, B Shares 53,640   559,558
Investor AB, B Shares‡‡ 22,531   489,559
Lifco AB, B Shares 13,097   332,475
Saab AB, B Shares 49,705   1,795,328
Skanska AB, B Shares 11,709   261,956
SKF AB, B SharesΔ 164,477   2,681,956
SSAB AB, A Shares* 38,176   265,260
SSAB AB, B Shares* 146,564   975,906
Svenska Handelsbanken AB, A Shares 275,573   2,534,016
Swedbank AB, A Shares 37,171   555,173
Tele2 AB, B Shares 16,980   256,666
Telefonaktiebolaget LM Ericsson, B Shares‡‡ 158,892   1,448,387
Trelleborg AB, B Shares 15,718   363,909
Volvo AB, B Shares 125,098   2,333,747
        25,430,927
Switzerland — 13.3%    
ABB, Ltd. 3,345   108,514
Adecco Group AG‡‡ 24,589   1,115,395
Alcon, Inc. 76,300   6,044,939
Baloise Holding AG 6,266   1,119,087
BKW AG 8,890   1,113,493
Bucher Industries AG 279   112,774
Chubb, Ltd. 46,410   9,927,099
Cie Financiere Richemont SA Class A 5,430   688,279
Credit Suisse Group AGΔ 654,519   5,152,449
    Shares   Value
DKSH Holding AG 12,853   $1,082,507
dormakaba Holding AG 502   257,484
Galenica AG 144A 6,552   504,414
Georg Fischer AG 152   181,620
Holcim, Ltd. (Swiss Exchange)‡‡* 109,120   5,307,245
Julius Baer Group, Ltd. 139,787   8,092,900
Kuehne + Nagel International AG 652   185,122
Nestle SA‡‡ 231,734   30,129,745
Novartis AG‡‡ 288,490   25,326,986
OC Oerlikon Corporation AG 62,835   500,729
Roche Holding AG‡‡ 63,493   25,121,759
Sika AG 43,428   14,368,321
Swatch Group AG (The)Δ 4,900   1,389,267
Swiss Life Holding AG 456   292,208
Swiss Re AG 5,901   561,740
Temenos AG 11,311   1,088,002
UBS Group AG 675,447   13,199,118
VAT Group AG 144A 172   65,487
Zurich Insurance Group AGΔ 20,747   10,246,942
        163,283,625
Taiwan — 1.3%    
Taiwan Semiconductor Manufacturing Co., Ltd. ADR 159,137   16,591,624
Turkey — 0.0%    
Yapi ve Kredi Bankasi AS 1     —
United Kingdom — 6.6%    
Atlassian Corporation PLC Class A* 13,000   3,819,790
BP PLC ADRΔ 171,172   5,032,457
Compass Group PLC 477,342   10,272,446
Experian PLC 443,501   17,086,155
Informa PLC* 214,500   1,680,612
Liberty Global PLC Class A* 352,663   8,996,433
Lloyds Banking Group PLC‡‡ 15,134,841   9,216,629
NatWest Group PLC 428,950   1,211,501
Prudential PLC 149,700   2,210,062
Reckitt Benckiser Group PLC 84,488   6,445,249
Rolls-Royce Holdings PLCΔ* 492,038   647,029
Schroders PLC 64,418   2,712,607
Smiths Group PLC 238,276   4,514,369
Vodafone Group PLC ADRΔ 396,935   6,597,060
        80,442,399
Total Foreign Common Stocks
(Cost $983,522,942) 		  1,068,339,755
FOREIGN PREFERRED STOCKS — 0.7%
Germany — 0.5%    
FUCHS PETROLUB SE        
3.14%◊ 1,804   65,452
Henkel AG & Co. KGaA        
3.04%◊ 82,914   5,549,580
Porsche Automobil Holding SE        
2.88%‡‡◊ 2,638   253,760
 
166
    Shares   Value
Volkswagen AG        
4.72%◊ 3,249   $558,345
        6,427,137
South Korea — 0.2%    
Samsung Electronics Co., Ltd.        
2.31% 03/29/18◊ 44,100   2,285,062
Total Foreign Preferred Stocks
(Cost $11,934,968) 		  8,712,199
MONEY MARKET FUNDS — 7.4%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		76,156,984   76,156,984
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 14,001,230   14,001,230
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 72,007   72,007
Total Money Market Funds
(Cost $90,230,221) 		  90,230,221
TOTAL INVESTMENTS — 98.3%
(Cost $1,116,284,478) 		    1,205,187,613
    Shares   Value
FOREIGN COMMON STOCKS SOLD SHORT — (0.1)%
United Kingdom — (0.1)%    
Ocado Group PLC*
(Proceeds $(803,637)) 		(47,886)   $(731,202)
TOTAL SECURITIES SOLD SHORT  — (0.1)%
(Proceeds $(803,637)) 		  (731,202)
Other Assets in Excess of
Liabilities — 1.8% 		    22,305,641
NET ASSETS — 100.0%     $1,226,762,052
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
AEX Index   04/2022   53   $8,489,922   $343,665
CAC40 10 Euro   04/2022   241   17,749,311   691,131
IBEX 35 Index   04/2022   (11)   (1,024,110)   (29,065)
OMXS30 Index   04/2022   (41)   (909,183)   (8,858)
Hang Seng Index   04/2022   (39)   (5,474,129)   (69,599)
MSCI Singapore Index   04/2022   106   2,618,814   27,176
Topix Index®   06/2022   174   27,820,848   2,324,100
ASX SPI 200 Index   06/2022   (10)   (1,399,134)   2,686
S&P/TSX 60 Index   06/2022   (24)   (5,057,057)   (100,664)
DAX Index   06/2022   (18)   (7,184,928)   37,471
FTSE 100 Index   06/2022   11   1,081,738   (4,665)
FTSE/MIB Index   06/2022   59   7,964,746   419,856
MSCI EAFE Index   06/2022   101   10,829,220   248,444
Total Futures Contracts outstanding at March 31, 2022           $55,506,058   $3,881,678
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/15/22   U.S. Dollars   27,437,478   Japanese Yen   3,199,062,000   CITI   $1,104,316
06/15/22   Australian Dollars   41,653,000   U.S. Dollars   30,231,047   CITI   980,070
06/15/22   Swedish Kronor   257,676,500   U.S. Dollars   26,974,644   CITI   485,781
06/15/22   Canadian Dollars   20,850,000   U.S. Dollars   16,395,965   CITI   278,754
06/15/22   Norwegian Kroner   120,779,000   U.S. Dollars   13,480,628   CITI   231,724
06/15/22   U.S. Dollars   14,527,782   Euro   12,963,000   CITI   144,051
167
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/15/22   Euro   9,882,000   U.S. Dollars   10,882,729   CITI   $82,328
06/15/22   U.S. Dollars   16,487,666   British Pounds   12,497,000   CITI   75,655
06/15/22   U.S. Dollars   13,546,338   Swiss Francs   12,431,000   CITI   48,222
06/15/22   Israeli Shekels   6,237,000   U.S. Dollars   1,934,407   CITI   24,811
06/15/22   U.S. Dollars   1,137,705   Danish Kroner   7,470,000   CITI   23,455
06/15/22   U.S. Dollars   1,613,902   Swedish Kronor   15,003,000   CITI   15,042
06/15/22   Danish Kroner   6,267,000   U.S. Dollars   924,767   CITI   10,041
06/15/22   U.S. Dollars   2,881,418   Swiss Francs   2,646,000   NT   8,277
06/15/22   U.S. Dollars   1,873,210   Hong Kong Dollars   14,627,000   CITI   3,769
06/15/22   British Pounds   534,000   U.S. Dollars   699,494   CITI   1,796
06/15/22   Singapore Dollars   829,000   U.S. Dollars   610,292   CITI   1,362
06/15/22   U.S. Dollars   179,317   Singapore Dollars   242,000   CITI   764
Subtotal Appreciation                   $3,520,218
06/15/22   Canadian Dollars   384,000   U.S. Dollars   307,180   CITI   $(77)
06/15/22   Norwegian Kroner   687,000   U.S. Dollars   78,175   CITI   (178)
06/15/22   U.S. Dollars   102,738   Swiss Francs   95,000   CITI   (416)
06/15/22   Swiss Francs   636,000   U.S. Dollars   691,156   NT   (560)
06/15/22   U.S. Dollars   184,519   Singapore Dollars   251,000   CITI   (673)
06/15/22   U.S. Dollars   270,869   Israeli Shekels   874,000   CITI   (3,679)
06/15/22   U.S. Dollars   798,986   Danish Kroner   5,390,000   CITI   (5,004)
06/15/22   New Zealand Dollars   4,249,000   U.S. Dollars   2,949,352   CITI   (8,514)
06/15/22   Singapore Dollars   3,100,000   U.S. Dollars   2,296,001   CITI   (8,753)
06/15/22   Swiss Francs   1,540,000   U.S. Dollars   1,685,057   CITI   (12,860)
06/15/22   Hong Kong Dollars   68,866,987   U.S. Dollars   8,822,676   CITI   (20,962)
06/15/22   Danish Kroner   7,804,000   U.S. Dollars   1,186,221   CITI   (22,150)
06/15/22   Australian Dollars   7,821,000   U.S. Dollars   5,885,252   CITI   (24,878)
06/15/22   U.S. Dollars   12,118,570   British Pounds   9,257,000   CITI   (38,428)
06/15/22   Swedish Kronor   156,457,500   U.S. Dollars   16,768,960   CITI   (95,381)
06/15/22   U.S. Dollars   17,155,400   Euro   15,588,000   CITI   (141,028)
06/15/22   U.S. Dollars   21,621,477   Japanese Yen   2,644,922,000   CITI   (150,268)
06/15/22   U.S. Dollars   13,423,409   Norwegian Kroner   119,660,000   CITI   (161,900)
06/15/22   U.S. Dollars   10,309,430   Canadian Dollars   13,133,000   CITI   (193,645)
06/15/22   U.S. Dollars   6,746,045   Australian Dollars   9,374,000   CITI   (278,012)
06/15/22   U.S. Dollars   21,755,487   New Zealand Dollars   32,480,000   CITI   (724,725)
06/15/22   U.S. Dollars   26,691,993   Swedish Kronor   257,359,000   CITI   (734,598)
06/15/22   Euro   44,091,000   U.S. Dollars   49,699,463   CITI   (776,135)
06/15/22   British Pounds   28,597,000   U.S. Dollars   38,553,983   CITI   (998,229)
06/15/22   Japanese Yen   4,496,328,000   U.S. Dollars   38,929,496   CITI   (1,917,854)
Subtotal Depreciation                   $(6,318,907)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $(2,798,689)
Swap Agreements outstanding at March 31, 2022:
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Counterparty   Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Total Return Swaps                                
Decrease in total return of Tel Aviv 35 Index (At Termination)   Increase in total return of Tel Aviv 35 Index (At Termination)   4/29/2022   GSC   ILS   5,255,328   $12,604   $—   $12,604
Financing Index: Bank of Japan Unsecured Overnight Call Rate + 0.00%   MSCI Japan Net Return JPY Index (Monthly)   6/15/2022   GSC   JPY   54,763,306   33,415   —   33,415
168
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Counterparty   Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Financing Index: Euro Short Term Rate - 0.31%   MSCI Netherlands Net Return EUR Index (Monthly)   6/15/2022   GSC   EUR   85,269   $7,639   $—   $7,639
Financing Index: Euro Short Term Rate - 0.81%   MSCI Italy Net Return EUR Index (Monthly)   6/15/2022   GSC   EUR   1,984,292   183,416   —   183,416
Financing Index: Overnight Bank Funding Rate - 0.10%   MSCI Daily TR Net Israel Index (Monthly)   6/15/2022   JPM   USD   48,201   3,229   —   3,229
Subtotal Appreciation                       $240,303   $  —   $240,303
MSCI Spain Net Return EUR Index (Monthly)   Financing Index: Euro Short Term Rate - 0.89%   6/15/2022   GSC   EUR   1,344,726   $(68,072)   $—   $(68,072)
MSCI Sweden Net Return SEK Index (Monthly)   Financing Index: 1-Month STIBOR - 0.34%   6/15/2022   GSC   SEK   4,151,506   (12,181)   —   (12,181)
MSCI Switzerland Net Return CHF Index (Monthly)   Financing Index: Swiss Average Rate Overnight - 1.15%   6/15/2022   GSC   CHF   938,834   (69,339)   —   (69,339)
Increase in total return of Swiss Market Index (At Termination)   Decrease in total return of Swiss Market Index (At Termination)   6/17/2022   CITI   CHF   15,162,840   (744,547)   —   (744,547)
Subtotal Depreciation                       $(894,139)   $  —   $(894,139)
Net Total Return Swaps outstanding at March 31, 2022   $(653,836)   $  —   $(653,836)
Total Return Basket Swap Agreements outstanding at March 31, 2022:
Description   Maturity
Date 		  Counterparty   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
The Fund receives the total return on a portfolio of short equity positions and receives the DETNT/N minus a specified spread (-0.35%), which is denominated in DKK based on the local currencies of the positions within the swap.   44-59 months maturity ranging from 08/08/2025 - 02/17/2027  
GSC
  $12,163,199   $162,695   $—   $162,695
The Fund receives the total return on a portfolio of long and short equity positions and pays or receives the EONIA plus or minus a specified spread(-.35% to 0.25%), which is denominated in EUR based on the local currencies of the positions within the swap (Monthly).*   41-60 months maturity ranging from 08/08/2025 - 03/17/2027  
GSC
  53,542,016   456,498   —   456,498
The Fund receives the total return on a portfolio of long and short equity positions and pays or receives the SONIA plus or minus a specified spread(-0.25% to 0.25%), which is denominated in GBP based on the local currencies of the positions within the swap (Monthly).**   41-60 months maturity ranging from 08/08/2025 - 03/17/2027  
GSC
  31,578,562   1,285,397   —   1,285,397
The Fund receives the total return on a portfolio of long equity positions and pays HIBOR plus a specified spread (.33%), which is denominated in HKD based on the local currencies of the positions within the swap (Monthly).   41-57 months maturity ranging from 08/08/2025 - 12/16/2026  
GSC
  53,527,470   400,364   —   400,364
169
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
Description   Maturity
Date 		  Counterparty   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
The Fund receives the total return on a portfolio of short equity positions and receives the NOWA minus a specified spread (-0.35%), which is denominated in NOK based on the local currencies of the positions within the swap (Monthly).   41-59 months maturity ranging from 08/08/2025 - 02/17/2027  
GSC
  $9,131,541   $128,711   $—   $128,711
Subtotal Appreciation               $2,433,665   $  —   $2,433,665
                         
170
*The following table represents disclosures associated with the underlying components of the total return basket swap as of period end.
    
Common Stocks   Shares   Notional   Unrealized
Appreciation
(Depreciation) 		  Percentage of
Swap Value
Repsol SA   248,417   $2,941,527   $50,795   11.13%
Orange SA   226,054   2,419,682   57,494   12.59
Unibail-Rodamco-Westfield REIT   (33,054)   2,238,179   (326,283)   (71.47)
SEB SA   16,381   2,065,091   97,637   21.39
Aeroports de Paris   (14,050)   1,899,220   (222,802)   (48.81)
Publicis Groupe SA   29,053   1,593,973   28,095   6.15
STMicroelectronics NV   40,085   1,574,919   149,588   32.77
Cie de St-Gobain   28,583   1,537,356   (35,867)   (7.86)
Telefonica SA   348,040   1,524,693   158,637   34.75
Amadeus IT Group SA   (24,138)   1,418,673   (132,971)   (29.13)
TotalEnergies SE   27,777   1,270,512   11,426   2.50
Thales SA   10,791   1,221,621   28,979   6.35
Atos SE   45,465   1,122,252   (65,370)   (14.32)
Iberdrola SA   112,716   1,113,658   10,224   2.24
Rexel SA   57,108   1,102,040   87,861   19.25
Ferrari NV   (5,549)   1,092,794   (118,134)   (25.88)
Cellnex Telecom SA   (24,724)   1,075,551   (43,580)   (9.55)
Endesa SA   53,067   1,045,924   55,061   12.06
Argenx SE   (3,686)   1,042,480   (124,578)   (27.29)
Electricite de France SA   116,573   989,087   28,913   6.33
Sanofi   10,559   975,863   (21,642)   (4.74)
Eutelsat Communications SA   93,837   921,438   68,226   14.95
Ipsen SA   8,074   913,592   106,921   23.42
Delivery Hero SE   (21,902)   862,891   141,259   30.94
Carrefour SA   43,592   857,539   101,517   22.24
Accor SA   (26,159)   761,875   (61,290)   (13.43)
BNP Paribas SA   13,946   720,397   3,788   0.83
Mapfre SA   366,008   692,018   60,547   13.26
Airbus SE   6,325   689,924   41,686   9.13
Banco Santander SA   216,481   665,329   43,444   9.52
Rubis   23,901   635,046   (8,338)   (1.83)
Bouygues SA   19,899   627,847   (936)   (0.20)
Sodexo SA   8,404   618,200   21,788   4.77
Enagas SA   30,225   606,721   (1,433)   (0.31)
CTS Eventim AG & Co. KGaA   (9,635)   591,533   (62,261)   (13.64)
Ferrovial SA   (23,708)   569,953   3,348   0.73
Casino Guichard Perrachon SA   32,514   541,127   71,596   15.68
Fresenius Medical Care AG & Co. KGaA   (8,767)   531,059   (31,644)   (6.93)
Faurecia SE (Euronext Paris Exchange)   (22,220)   522,409   63,579   13.93
Cie Generale des Etablissements Michelin SCA   4,181   512,172   35,480   7.77
Eurofins Scientific SE   5,574   498,437   30,813   6.75
Fraport AG Frankfurt Airport Services Worldwide   (9,257)   463,862   21,354   4.68
Rational AG   (735)   457,592   4,453   0.98
ACS Actividades de Construccion y Servicios SA   (18,644)   454,357   (34,468)   (7.55)
Acerinox SA   43,440   430,111   8,796   1.93
Alstom SA   (20,133)   425,844   (10,727)   (2.35)
Siemens Gamesa Renewable Energy SA   (26,696)   423,257   97,191   21.29
Societe BIC SA   9,257   422,773   3,880   0.85
Kering SA   653   372,662   (7,226)   (1.58)
SES SA   40,673   335,760   44,205   9.68
Other   331,056   5,151,196   27,467   6.03
        $53,542,016   $456,498   100.00%
171
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
**The following table represents disclosures associated with the underlying components of the total return basket swap as of period end.
    
Common Stocks   Shares   Notional   Unrealized
Appreciation
(Depreciation) 		  Percentage of
Swap Value
Shell PLC   137,728   $2,873,600   $198,042   15.41%
Rio Tinto PLC   42,667   2,596,643   346,628   26.97
Tesco PLC   638,365   1,759,279   7,063   0.55
HSBC Holdings PLC   319,624   1,661,944   186,414   14.50
BP PLC   429,349   1,602,278   30,905   2.40
Man Group PLC   597,831   1,388,772   267,871   20.84
Aviva PLC   235,201   1,059,387   142,524   11.09
Ocado Group PLC   (86,491)   1,005,356   14,596   1.14
Inchcape PLC   126,466   842,386   (52,713)   (4.10)
M&G PLC   358,172   785,607   60,864   4.74
Barratt Developments PLC   149,594   775,250   (60,174)   (4.68)
Sage Group PLC (The)   108,055   753,682   47,393   3.69
Kingfisher PLC   295,740   751,399   (110,947)   (8.63)
Unilever PLC   21,723   750,797   15,152   1.18
Rolls-Royce Holdings PLC   (726,348)   727,093   (54,095)   (4.21)
BT Group PLC   (394,104)   715,309   (53,943)   (4.20)
Royal Mail PLC   196,748   643,518   (54,498)   (4.24)
BHP Group PLC   21,121   623,492   241,038   18.75
Tate & Lyle PLC   85,159   621,432   30,432   2.37
easyJet PLC   (107,413)   593,192   (69,078)   (5.37)
DCC PLC   8,353   492,374   22,155   1.72
Persimmon PLC   22,845   487,653   (22,951)   (1.79)
abrdn PLC   218,537   465,820   64,061   4.98
Carnival PLC   (32,038)   441,754   (66,956)   (5.21)
Smith & Nephew PLC   36,321   439,753   7,519   0.58
Burberry Group PLC   25,795   428,650   3,214   0.25
Vodafone Group PLC   335,196   418,414   21,270   1.65
Ashtead Group PLC   8,614   412,877   (12,584)   (0.98)
Barclays PLC   257,575   380,088   (34,891)   (2.71)
BAE Systems PLC   49,090   350,951   (5,175)   (0.40)
InterContinental Hotels Group PLC   6,491   334,196   30,332   2.36
Hikma Pharmaceuticals PLC   16,155   331,770   17,011   1.32
Lloyds Banking Group PLC   707,129   327,803   8,877   0.69
London Stock Exchange Group PLC   3,641   289,031   31,703   2.47
Howden Joinery Group PLC   35,895   273,930   (3,120)   (0.24)
SSE PLC   15,619   271,670   11,812   0.92
Informa PLC   (43,389)   258,786   (35,639)   (2.77)
Berkeley Group Holdings PLC   5,931   220,221   (4,730)   (0.37)
3i Group PLC   15,222   209,531   28,779   2.24
WH Smith PLC   (14,256)   202,695   4,299   0.33
AVEVA Group PLC   (7,576)   184,206   17,124   1.33
Natwest Group PLC   74,558   160,299   12,734   0.99
Mondi PLC   10,775   159,436   9,982   0.78
Taylor Wimpey PLC   (121,794)   157,885   (7,700)   (0.60)
Centrica PLC   182,077   144,987   7,878   0.61
Standard Chartered PLC   28,043   141,704   8,595   0.67
Intertek Group PLC   2,548   132,317   9,027   0.70
Spirax-Sarco Engineering PLC   998   124,199   14,611   1.14
J Sainsbury PLC   48,840   123,054   (2,379)   (0.19)
Anglo American PLC   3,068   121,357   13,235   1.03
Other   96,037   560,695   3,830   0.30
        $31,578,522   $1,285,397   100.00%
    
172
Description   Maturity
Date 		  Counterparty   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
The Fund receives the total return on a portfolio of short equity positions and receives the SORA minus a specified spread (-0.40%), which is denominated in SGD based on the local currencies of the positions within the swap (Monthly).   52 months to maturity 07/27/2026  
GSC
  $160,046   $(10,861)   $—   $(10,861)
The Fund receives the total return on a portfolio of short equity positions and receives the SSARON minus a specified spread(-0.35%), which is denominated in CHF based on the local currencies of the positions within the swap (Monthly).   41-51 months maturity ranging from 08/08/2025 - 06/12/2026  
GSC
  4,831,113   (282,240)   —   (282,240)
The Fund receives the total return on a portfolio of short equity positions and receives the MUTSCALM minus a specified spread(-3.00% to -0.30%), which is denominated in JPY based on the local currencies of the positions within the swap (Monthly).   41-60 months maturity ranging from 08/08/2025 - 03/10/2027  
GSC
  1,499,777,726   (1,143,350)   —   (1,143,350)
The Fund receives the total return on a portfolio of short equity positions and receives the STIBOR minus a specified spread (-0.35%), which is denominated in SEK based on the local currencies of the positions within the swap (Monthly).   43-59 months maturity ranging from 10/15/2025 - 02/17/2027  
GSC
  34,438,765   (232,263)   —   (232,263)
The Fund receives the total return on a portfolio of short equity positions and receives the RBA minus a specified spread(-0.40%), which is denominated in AUD based on the local currencies of the positions within the swap (Monthly).   43-59 months maturity ranging from 10/15/2025 - 02/03/2027  
GSC
  9,028,381   (351,994)   —   (351,994)
Subtotal Depreciation               $(2,020,708)   $  —   $(2,020,708)
Net Total Return Basket Swaps               $412,957   $  —   $412,957
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
173
EMERGING MARKETS EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 3.0%
Communication Services — 0.1%    
Bilibili, Inc. ADRΔ* 3,322   $84,977
Kanzhun, Ltd. ADRΔ* 23,295   580,278
        665,255
Consumer Discretionary — 2.0%    
Coupang, Inc.* 38,006   671,946
Huazhu Group, Ltd. ADRΔ 3,029   99,927
Li Auto, Inc. ADR* 49,362   1,274,033
MercadoLibre, Inc.Δ* 5,255   6,250,717
NIO, Inc. ADR* 36,022   758,263
Pinduoduo, Inc. ADR* 10,227   410,205
Trip.com Group, Ltd. ADR* 35,183   813,431
XPeng, Inc. ADR* 11,092   306,028
Yum China Holdings, Inc. 105,820   4,395,763
        14,980,313
Financials — 0.3%    
Patria Investments, Ltd. Class A 118,859   2,116,879
Health Care — 0.0%    
BeiGene, Ltd. ADR* 1,264   238,390
Industrials — 0.4%    
Full Truck Alliance Co., Ltd. ADR* 39,364   262,558
ZTO Express Cayman, Inc. ADR 120,414   3,010,350
        3,272,908
Information Technology — 0.2%    
Globant SA* 3,962   1,038,321
Pagseguro Digital, Ltd. Class AΔ* 16,198   324,770
TDCX, Inc. ADRΔ* 23,190   281,759
        1,644,850
Materials — 0.0%    
Southern Copper Corporation 2,441   185,272
Real Estate — 0.0%    
KE Holdings, Inc. ADR* 14,003   173,217
Total Common Stocks
(Cost $27,067,096) 		  23,277,084
FOREIGN COMMON STOCKS — 86.9%
Brazil — 5.3%    
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA 342,341   420,641
B3 SA - Brasil Bolsa Balcao 1,925,400   6,345,139
Banco BTG Pactual SA* 400,600   2,180,937
Banco do Brasil SA 338,100   2,457,076
Blau Farmaceutica SA 48,378   292,135
Boa Vista Servicos SA 182,393   332,909
Caixa Seguridade Participacoes S/A 946,024   1,764,462
Cia Siderurgica Nacional SA 126,100   687,570
Hapvida Participacoes e Investimentos SA 144A 450,584   1,128,105
JBS SA 287,800   2,266,227
Localiza Rent a Car SA 141,800   1,823,039
Locaweb Servicos de Internet SA 144A* 196,300   416,427
    Shares   Value
Magazine Luiza SA* 586,600   $843,976
Petroleo Brasileiro SA 312,500   2,318,947
Raia Drogasil SA 1,039,300   5,225,915
Rede D'Or Sao Luiz SA 144A 73,471   773,436
Sao Martinho SA 52,200   480,880
Telefonica Brasil SA 124,900   1,412,423
Vale SA 150,000   3,009,420
Vale SA ADR 208,956   4,177,030
Vibra Energia SA 410,823   2,010,518
        40,367,212
Canada — 0.3%    
Parex Resources, Inc. 114,789   2,355,188
Chile — 1.0%    
Banco de Chile ADRΔ 7,668   164,325
Banco de Credito e Inversiones SA* 2,008   72,328
Banco Santander Chile ADR 3,609   81,527
Cencosud SA 933,747   1,839,486
Empresas CMPC SA 135,147   250,266
Empresas COPEC SA 38,779   320,366
Falabella SA 1,536,017   4,909,671
        7,637,969
China — 16.0%    
Agricultural Bank of China, Ltd. Class A 252,800   122,329
Agricultural Bank of China, Ltd. Class H 7,567,000   2,892,736
Alibaba Group Holding, Ltd. ADR* 60,100   6,538,880
Aluminum Corporation of China, Ltd. Class H* 54,000   31,256
Anhui Conch Cement Co., Ltd. Class A 40,100   248,174
Anhui Conch Cement Co., Ltd. Class H 6,000   30,687
Baidu, Inc. ADR* 18,724   2,477,185
Bank of Beijing Co., Ltd. Class A 149,800   107,693
Bank of China, Ltd. Class A 203,500   104,539
Bank of China, Ltd. Class H 4,120,000   1,644,110
Bank of Communications Co., Ltd. Class A 110,200   88,371
Bank of Communications Co., Ltd. Class H 93,000   66,580
Bank of Ningbo Co., Ltd. Class A 29,700   173,687
Bank of Shanghai Co., Ltd. Class A 85,980   89,668
Baoshan Iron & Steel Co., Ltd. Class A 212,500   225,041
Beijing Easpring Material Technology Co., Ltd. Class A 55,100   646,640
BOE Technology Group Co., Ltd. Class A 620,900   418,989
BYD Co., Ltd. Class A 15,500   553,593
China Cinda Asset Management Co., Ltd. Class H 4,123,000   702,421
China CITIC Bank Corporation, Ltd. Class H 3,832,000   1,933,714
China Coal Energy Co., Ltd. Class H 829,000   623,340
China Construction Bank Corporation Class H 1,672,000   1,252,437
 
174
    Shares   Value
China Everbright Bank Co., Ltd. Class A 131,700   $68,213
China Everbright Bank Co., Ltd. Class H 2,089,000   788,169
China Medical System Holdings, Ltd. 707,000   1,102,635
China Mengniu Dairy Co., Ltd.* 369,730   1,982,271
China Merchants Bank Co., Ltd. Class A 37,756   276,427
China Merchants Bank Co., Ltd. Class H 485,500   3,779,339
China Merchants Securities Co., Ltd. Class A 80,400   182,175
China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A 26,900   64,170
China Minsheng Banking Corporation, Ltd. Class A 139,200   83,484
China Minsheng Banking Corporation, Ltd. Class H 420,500   157,731
China National Building Material Co., Ltd. Class H 1,172,000   1,441,611
China Oilfield Services, Ltd. Class H 358,000   363,741
China Pacific Insurance Group Co., Ltd. Class A 21,100   75,742
China Pacific Insurance Group Co., Ltd. Class H 352,600   853,116
China Petroleum & Chemical Corporation Class A 424,000   286,911
China Petroleum & Chemical Corporation Class H 1,398,000   694,698
China Railway Group, Ltd. Class H 510,000   284,055
China State Construction Engineering Corporation, Ltd. Class A 414,900   353,716
China Tourism Group Duty Free Corporation, Ltd. Class A 16,712   429,067
China Vanke Co., Ltd. Class A 23,000   69,029
China Vanke Co., Ltd. Class H 29,700   66,804
China Yangtze Power Co., Ltd. Class A 36,000   124,224
CITIC Securities Co., Ltd. Class A 56,005   183,209
Contemporary Amperex Technology Co., Ltd. Class A 13,599   1,086,147
COSCO SHIPPING Holdings Co., Ltd. Class H* 1,134,000   1,949,740
Country Garden Holdings Co., Ltd. 450,632   344,962
CSC Financial Co., Ltd. Class H 144A 640,500   603,234
Dongfeng Motor Group Co., Ltd. Class H 2,814,000   2,104,950
East Money Information Co., Ltd. Class A 394,800   1,560,877
Ecovacs Robotics Co., Ltd. Class A 27,600   470,194
Foshan Haitian Flavouring & Food Co., Ltd. Class A 32,301   442,790
Guotai Junan Securities Co., Ltd. Class A 45,900   112,975
Haier Smart Home Co., Ltd. Class A 104,200   375,949
Haitian International Holdings, Ltd. 520,000   1,340,883
Haitong Securities Co., Ltd. Class A 60,600   97,886
Haitong Securities Co., Ltd. Class H 128,400   97,572
    Shares   Value
Hangzhou Robam Appliances Co., Ltd. Class A 154,632   $706,582
Huaneng Power International, Inc. Class H 158,000   67,016
Huatai Securities Co., Ltd. Class A 39,636   92,337
Huaxia Bank Co., Ltd. Class A 113,607   99,100
Industrial & Commercial Bank of China, Ltd. Class A 169,700   127,082
Industrial Bank Co., Ltd. Class A 40,800   131,936
Inner Mongolia Yili Industrial Group Co., Ltd. Class A 124,762   721,348
Jiangsu Hengli Hydraulic Co., Ltd. Class A 163,600   1,333,369
Jiangsu Hengrui Medicine Co., Ltd. Class A 80,775   466,130
LONGi Green Energy Technology Co., Ltd. Class A 163,185   1,836,351
Luxshare Precision Industry Co., Ltd. Class A 232,712   1,151,790
Midea Group Co., Ltd. Class A 188,700   1,679,901
NARI Technology Co., Ltd. Class A 855,541   4,208,031
NetEase, Inc. ADR 41,091   3,685,452
New China Life Insurance Co., Ltd. Class A 21,100   116,742
New China Life Insurance Co., Ltd. Class H 22,200   61,575
PetroChina Co., Ltd. Class A 263,700   227,753
PetroChina Co., Ltd. Class H 370,000   187,892
Ping An Bank Co., Ltd. Class A 50,900   122,576
Ping An Insurance Group Co. of China, Ltd. Class A 20,100   152,349
Ping An Insurance Group Co. of China, Ltd. Class H 1,123,996   7,857,929
Poly Developments and Holdings Group Co., Ltd. Class A 25,100   69,908
Qingdao Haier Biomedical Co., Ltd. Class A 35,309   395,198
SAIC Motor Corporation, Ltd. Class A 81,900   218,032
Sany Heavy Industry Co., Ltd. Class A 332,900   912,362
SF Holding Co., Ltd. Class A 95,799   686,424
Shandong Sinocera Functional Material Co., Ltd. Class A 314,100   1,700,785
Shanghai International Airport Co., Ltd. Class A* 226,000   1,739,764
Shanghai Pudong Development Bank Co., Ltd. Class A 60,200   75,610
Shenwan Hongyuan Group Co., Ltd. Class A 160,100   109,968
Shenzhen Inovance Technology Co., Ltd. Class A 354,027   3,155,068
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Class A 38,500   1,856,676
Sinopharm Group Co., Ltd. Class H 245,600   557,525
Sunac China Holdings, Ltd.Δ 242,859   139,394
Sungrow Power Supply Co., Ltd. Class A 37,599   629,434
Suning.com Co., Ltd. Class A* 202,175   109,490
175
EMERGING MARKETS EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Sunny Optical Technology Group Co., Ltd. 262,076   $4,162,118
Tencent Holdings, Ltd. 600,730   27,690,255
Will Semiconductor Co., Ltd. Class A 42,958   1,295,362
WuXi AppTec Co., Ltd. Class H 144A 68,602   1,071,828
Yifeng Pharmacy Chain Co., Ltd. Class A 293,626   1,841,282
Yonghui Superstores Co., Ltd. Class A 364,632   241,659
Yunnan Aluminium Co., Ltd. Class A* 413,548   880,053
Yunnan Energy New Material Co., Ltd. Class A 42,400   1,459,805
Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A 253,030   657,719
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 780,200   492,570
ZTE Corporation Class H 15,200   30,790
        122,483,086
Egypt — 0.3%    
Commercial International Bank Egypt SAE* 738,140   1,859,917
E-Finance for Digital & Financial Investments* 285,530   275,671
        2,135,588
Greece — 0.2%    
Hellenic Exchanges - Athens Stock Exchange SA 57,587   234,163
JUMBO SA 40,077   597,118
Sarantis SA 53,595   424,483
        1,255,764
Hong Kong — 8.3%    
3SBio, Inc. 144A* 671,000   545,673
AIA Group, Ltd. 1,093,625   11,419,507
Akeso, Inc. 144A* 292,000   611,367
Alibaba Group Holding, Ltd.* 583,540   7,963,403
ANTA Sports Products, Ltd. 93,600   1,161,108
Baidu, Inc. Class A* 7,500   132,365
Beijing Enterprises Holdings, Ltd. 54,000   170,419
Brilliance China Automotive Holdings, Ltd.Ψ* 2,064,000   961,740
China Everbright Environment Group, Ltd. 219,000   131,445
China Feihe, Ltd. 144A 488,000   480,454
China Hongqiao Group, Ltd. 1,771,000   2,326,647
China Merchants Port Holdings Co., Ltd. 228,000   410,624
China Overseas Land & Investment, Ltd. 121,500   361,551
China Resources Cement Holdings, Ltd. 36,000   29,842
China Resources Land, Ltd.Δ 1,359,987   6,296,939
China Resources Power Holdings Co., Ltd. 88,000   163,771
China Taiping Insurance Holdings Co., Ltd. 592,000   718,081
China Yuhua Education Corporation, Ltd. 144A 594,000   133,242
Chinasoft International, Ltd.* 978,000   801,628
CITIC, Ltd. 160,000   176,990
    Shares   Value
COSCO SHIPPING Ports, Ltd. 104,000   $80,594
Country Garden Services Holdings Co., Ltd. 49,000   206,419
CSPC Pharmaceutical Group, Ltd. 2,314,000   2,651,489
Dongyue Group, Ltd. 31,000   41,997
ENN Energy Holdings, Ltd. 141,500   2,113,434
Hong Kong Exchanges and Clearing, Ltd. 124,462   5,833,948
Hua Hong Semiconductor, Ltd. 144A* 7,000   29,230
JD.com, Inc. Class A* 14,339   407,441
Jiumaojiu International Holdings, Ltd. 144A 248,000   524,601
Kingboard Holdings, Ltd. 293,000   1,413,181
Kingdee International Software Group Co., Ltd.* 684,000   1,498,594
Kunlun Energy Co., Ltd. 362,000   312,853
Longfor Group Holdings, Ltd. 144A 71,384   365,141
Meituan Class B 144A* 269,221   5,100,107
Minth Group, Ltd. 248,000   604,292
MMG, Ltd.* 824,000   327,371
NetEase, Inc. 21,400   386,115
Samsonite International SA 144A* 343,800   769,213
Shenzhen International Holdings, Ltd. 93,500   98,346
Shenzhou International Group Holdings, Ltd. 46,300   611,254
Sino Biopharmaceutical, Ltd. 2,513,000   1,560,389
Sinotruk Hong Kong, Ltd. 748,500   1,136,774
Techtronic Industries Co., Ltd. 52,000   833,117
Topsports International Holdings, Ltd. 144A 222,000   184,513
Uni-President China Holdings, Ltd. 89,000   77,233
Wharf Holdings, Ltd. (The) 58,000   176,662
Wuxi Biologics Cayman, Inc. 144A* 93,000   738,476
ZTO Express Cayman, Inc. 18,600   466,321
        63,545,901
Hungary — 0.4%    
OTP Bank Nyrt PLC* 78,245   2,838,574
India — 12.7%    
Adani Green Energy, Ltd.* 2,516   63,189
Adani Transmission, Ltd.* 3,140   97,487
Amber Enterprises India, Ltd.* 17,446   806,575
Avenue Supermarts, Ltd. 144A* 13,732   722,153
Axis Bank, Ltd.* 464,406   4,623,572
Bharat Electronics, Ltd. 351,355   971,917
Bharat Petroleum Corporation, Ltd. 280,044   1,322,321
Bharti Airtel, Ltd.* 623,324   6,179,918
Bharti Airtel, Ltd. (Partly Paid)* 27,470   142,337
Cartrade Tech, Ltd.* 18,369   139,393
Coal India, Ltd. 1,061,323   2,553,346
Coforge, Ltd. 7,892   461,747
Computer Age Management Services, Ltd. 20,276   615,346
Crompton Greaves Consumer Electricals, Ltd. 122,290   601,495
FSN E-Commerce Ventures, Ltd.* 21,964   485,727
GAIL India, Ltd. 144,898   296,324
Godrej Properties, Ltd.* 52,073   1,140,716
 
176
    Shares   Value
HCL Technologies, Ltd. 383,100   $5,854,859
Hero MotoCorp, Ltd. 14,557   437,828
Hindustan Petroleum Corporation, Ltd. 106,431   376,806
Housing Development Finance Corporation, Ltd. 469,151   14,669,453
ICICI Bank, Ltd. 352,580   3,362,900
ICICI Lombard General Insurance Co., Ltd. 144A 44,691   779,592
Indian Oil Corporation, Ltd. 885,562   1,381,917
Info Edge India, Ltd. 10,060   595,186
Infosys, Ltd. 95,144   2,382,659
Infosys, Ltd. ADR 103,738   2,582,039
Kotak Mahindra Bank, Ltd. 127,822   2,935,643
Larsen & Toubro, Ltd. 14,956   346,841
Macrotech Developers, Ltd. 144A* 49,606   732,170
Mahindra & Mahindra, Ltd. 567,628   6,002,933
Marico, Ltd. 912,451   6,048,930
Navin Fluorine International, Ltd. 24,704   1,324,822
NTPC, Ltd. 1,596,146   2,830,746
Oil & Natural Gas Corporation, Ltd. 82,027   176,395
Page Industries, Ltd. 56   31,792
Petronet LNG, Ltd. 255,324   650,545
Power Grid Corporation of India, Ltd. 94,628   269,778
REC, Ltd. 153,195   247,819
Route Mobile, Ltd. 32,425   655,586
SBI Life Insurance Co., Ltd. 144A 48,696   717,441
Sona Blw Precision Forgings, Ltd. 144A 95,866   852,127
Tata Consultancy Services, Ltd. 210,673   10,353,608
Tata Consumer Products, Ltd. 102,325   1,045,474
Tata Steel, Ltd. 71,082   1,216,034
TeamLease Services, Ltd.* 12,281   700,382
Tech Mahindra, Ltd. 111,585   2,195,434
Vedanta, Ltd. 500,622   2,643,779
Wipro, Ltd. 105,402   819,252
Yes Bank, Ltd.* 1,719,140   277,639
Zomato, Ltd.* 637,674   686,449
        97,408,421
Indonesia — 3.0%    
PT Adaro Energy Indonesia Tbk 289,900   54,296
PT Astra International Tbk 2,812,000   1,287,304
PT Bank BTPN Syariah Tbk 2,289,400   524,284
PT Bank Central Asia Tbk 14,080,900   7,818,637
PT Bank Mandiri Persero Tbk 3,805,900   2,087,396
PT Bank Rakyat Indonesia Persero Tbk 7,632,900   2,465,310
PT BFI Finance Indonesia Tbk 7,361,300   656,046
PT Cisarua Mountain Dairy TBK* 1,375,700   335,245
PT Dayamitra Telekomunikasi Tbk* 11,749,300   630,283
PT Indah Kiat Pulp & Paper Tbk 126,700   69,570
PT Indofood Sukses Makmur Tbk 210,400   87,075
PT Kalbe Farma Tbk 2,637,400   295,646
PT Map Aktif Adiperkasa* 1,027,500   185,290
PT Pakuwon Jati Tbk* 8,889,200   299,151
PT Semen Indonesia Persero Tbk 531,152   245,125
PT Telkom Indonesia Persero Tbk 9,553,100   3,039,331
PT Unilever Indonesia Tbk 1,082,200   275,218
    Shares   Value
PT United Tractors Tbk 1,376,060   $2,442,518
        22,797,725
Kazakhstan — 0.1%    
Kaspi.KZ JSC GDR 144A 3,113   146,934
Kaspi.KZ JSC GDR (London Exchange) 6,083   301,734
        448,668
Malaysia — 0.4%    
Hartalega Holdings Bhd 114,100   131,610
Hong Leong Bank Bhd 13,700   65,699
IHH Healthcare Bhd 51,700   75,995
Malayan Banking Bhd 876,800   1,863,388
RHB Bank Bhd 147,400   208,936
Sime Darby Bhd 828,900   472,119
Sime Darby Plantation Bhd 11,000   12,974
        2,830,721
Mexico — 2.5%    
Alpek SAB de CV 1,577,500   2,169,162
Arca Continental SAB de CV 245,721   1,667,666
Banco del Bajio SA 144A 285,900   781,230
Coca-Cola Femsa SAB de CV ADR 10,106   555,325
Fomento Economico Mexicano SAB de CV ADR 92,500   7,663,625
Gentera SAB de CV* 330,350   279,527
Grupo Aeroportuario del Sureste SAB de CV ADR 315   69,804
Grupo Bimbo SAB de CV Series A 275,100   829,864
Grupo Financiero Banorte SAB de CV Series O 69,310   522,073
Industrias Penoles SAB de CV 22,600   285,198
Kimberly-Clark de Mexico SAB de CV Series A 423,427   597,141
Orbia Advance Corporation SAB de CV 637,900   1,687,276
Prologis Property Mexico SA de CV REIT 204,605   536,355
Promotora y Operadora de Infraestructura SAB de CV 60,550   480,777
Wal-Mart de Mexico SAB de CV 343,600   1,408,086
        19,533,109
Peru — 0.6%    
Credicorp, Ltd. 25,497   4,382,169
Philippines — 0.5%    
Ayala Land, Inc. 2,812,600   1,899,060
BDO Unibank, Inc. 34,770   88,817
International Container Terminal Services, Inc. 20,370   88,244
Jollibee Foods Corporation 107,460   466,612
Monde Nissin Corporation 144A* 2,890,100   765,183
PLDT, Inc. 2,305   82,409
SM Prime Holdings, Inc. 381,000   277,769
        3,668,094
Poland — 1.1%    
Allegro.eu SA 144A* 133,367   1,117,081
Cyfrowy Polsat SA 20,344   133,941
177
EMERGING MARKETS EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Dino Polska SA 144A* 13,618   $1,099,066
Grupa Lotos SA* 196,219   2,729,756
KGHM Polska Miedz SA 743   30,654
LPP SA 11   29,764
PGE Polska Grupa Energetyczna SA* 286,237   616,519
Polski Koncern Naftowy ORLEN SA 78,593   1,410,389
Polskie Gornictwo Naftowe i Gazownictwo SA 674,363   991,364
Powszechna Kasa Oszczednosci Bank Polski SA* 23,366   220,168
        8,378,702
Qatar — 0.1%    
Industries Qatar QSC 17,530   91,370
Qatar Islamic Bank SAQ 6,620   43,337
Qatar National Bank QPSC 108,220   683,911
        818,618
Russia — 0.0%    
Gazprom PJSC ADRΨ 37,670     —
Gazprom PJSC ADR (London Exchange)Ψ 170,565     —
LUKOIL PJSC ADRΨ 11,047     —
Magnit PJSC GDRΨ 49,333     —
MMC Norilsk Nickel PJSC ADRΨ 19,198     —
Mobile TeleSystems PJSC ADRΨ 34,508     —
Novatek PJSC GDRΨ 1,991     —
Novolipetsk Steel PJSC GDRΨ 13,631     —
Rosneft Oil Co. PJSC GDRΨ 16,843     —
Sberbank of Russia PJSC ADRΨ 75,573     —
Severstal PAO GDRΨ 18,988     —
Surgutneftegas PJSC ADRΨ 17,904     —
Tatneft PJSC ADRΨ 15,224     —
          —
Saudi Arabia — 1.5%    
Abdullah Al Othaim Markets Co. 1,326   41,355
Alinma Bank 38,676   398,836
Almarai Co. JSC 14,447   196,565
Arab National Bank 94,170   694,391
Banque Saudi Fransi 21,896   312,137
Etihad Etisalat Co. 20,897   231,168
Jarir Marketing Co. 6,949   364,103
Leejam Sports Co. JSC 11,451   383,254
Mobile Telecommunications Co.* 38,354   135,537
Saudi Arabian Mining Co.* 6,686   237,926
Saudi Arabian Oil Co. 144A 89,261   1,023,885
Saudi Basic Industries Corporation 67,517   2,346,673
Saudi National Bank (The) 87,575   1,647,808
Saudi Tadawul Group Holding Co.* 20,952   1,066,729
Saudi Telecom Co. 74,640   2,135,686
Savola Group (The) 11,168   108,200
        11,324,253
Singapore — 0.1%    
Del Monte Pacific, Ltd. 250,300   70,177
Nanofilm Technologies International, Ltd. 248,006   492,460
        562,637
    Shares   Value
Slovenia — 0.1%    
Nova Ljubljanska Banka dd GDR 30,777   $466,445
South Africa — 3.2%    
Absa Group, Ltd. 15,032   194,910
African Rainbow Minerals, Ltd.Δ 21,082   412,839
Anglo American Platinum, Ltd. 9,216   1,265,498
Aspen Pharmacare Holdings, Ltd. 42,252   574,338
Clicks Group, Ltd. 104,357   2,207,119
Exxaro Resources, Ltd. 137,621   2,080,800
Gold Fields, Ltd. ADRΔ 164,651   2,545,505
Impala Platinum Holdings, Ltd. 39,456   607,319
JSE, Ltd. 67,744   518,076
Kumba Iron Ore, Ltd. 1,089   48,374
Mr Price Group, Ltd. 77,684   1,146,996
MultiChoice Group, Ltd. 171,846   1,549,172
Naspers, Ltd. N Shares 30,846   3,483,818
Nedbank Group, Ltd.Δ 5,959   94,657
Northam Platinum Holdings, Ltd.* 39,301   586,536
Rand Merchant Investment Holdings, Ltd. 451,866   1,613,884
Santam, Ltd. 16,495   326,231
Sasol, Ltd.* 29,658   717,014
Shoprite Holdings, Ltd. 21,280   343,472
Sibanye Stillwater, Ltd. 255,023   1,025,441
SPAR Group, Ltd. (The) 23,945   278,098
Standard Bank Group, Ltd. 134,139   1,666,533
Tiger Brands, Ltd. 22,712   251,639
Transaction Capital, Ltd. 353,852   1,197,467
        24,735,736
South Korea — 10.8%    
BGF retail Co., Ltd. 6,119   878,899
CJ ENM Co., Ltd. 4,247   457,174
CJ Logistics Corporation* 3,538   375,913
E-MART, Inc. 7,351   848,984
Fila Holdings Corporation 8,079   207,869
Hana Financial Group, Inc. 42,034   1,671,825
Hankook Tire & Technology Co., Ltd. 17,773   490,711
HMM Co., Ltd. 36,490   869,249
Hyundai Heavy Industries Co., Ltd.* 1,270   92,381
Hyundai Mobis Co., Ltd. 4,981   877,904
Industrial Bank of Korea 179,550   1,595,556
KB Financial Group, Inc. 22,784   1,141,795
Kia Corporation 48,549   2,940,524
Korea Investment Holdings Co., Ltd. 14,524   933,079
Kumho Petrochemical Co., Ltd. 4,723   598,571
LG Corporation 48,453   3,042,760
LG Electronic, Inc. 12,786   1,257,674
LG Uplus Corporation 13,101   150,721
NAVER Corporation 5,377   1,494,424
NCSoft Corporation 2,374   910,444
NH Investment & Securities Co., Ltd. 23,714   221,739
NHN KCP Corporation* 16,989   372,836
Orion Corporation 5,575   405,951
POSCO Holdings, Inc. 11,667   2,798,607
Samsung Electro-Mechanics Co., Ltd. 12,576   1,693,296
Samsung Electronics Co., Ltd. 404,429   23,142,634
 
178
    Shares   Value
Samsung Fire & Marine Insurance Co., Ltd. 33,377   $6,010,696
Samsung SDS Co., Ltd. 9,146   1,037,618
Shinhan Financial Group Co., Ltd. 4,707   159,891
SK Hynix, Inc. 205,757   19,793,661
SK Telecom Co., Ltd. 77,409   3,619,510
Woori Financial Group, Inc. 229,008   2,870,319
        82,963,215
Taiwan — 13.4%    
Advantech Co., Ltd. 132,087   1,692,512
ASE Technology Holding Co., Ltd. 93,000   331,402
ASMedia Technology, Inc. 11,000   734,930
AU Optronics Corporation 1,949,000   1,329,328
Catcher Technology Co., Ltd. 110,000   551,852
Cathay Financial Holding Co., Ltd. 1,300,000   2,901,781
Chailease Holding Co., Ltd. 104,578   917,288
Cheng Shin Rubber Industry Co., Ltd. 536,000   659,861
China Development Financial Holding Corporation 2,830,000   1,878,314
China Steel Corporation 1,743,000   2,349,983
CTBC Financial Holding Co., Ltd. 645,000   657,323
Delta Electronics, Inc. 499,982   4,635,697
Evergreen Marine Corporation Taiwan, Ltd. 82,000   381,149
Formosa Plastics Corporation 385,000   1,423,943
Innolux Corporation 1,373,000   795,191
Lite-On Technology Corporation 316,000   746,637
MediaTek, Inc. 231,896   7,216,728
momo.com, Inc. 13,200   429,050
Nan Ya Plastics Corporation 68,000   220,124
Nanya Technology Corporation 1,048,000   2,499,982
Nien Made Enterprise Co., Ltd. 43,000   500,624
Novatek Microelectronics Corporation 54,000   794,001
Pou Chen Corporation 1,177,000   1,288,524
Powertech Technology, Inc. 122,763   404,392
President Chain Store Corporation 629,000   5,769,223
Realtek Semiconductor Corporation 109,000   1,619,171
Silergy Corporation 9,000   1,055,257
Taiwan Semiconductor Manufacturing Co., Ltd. 1,877,986   38,524,106
Taiwan Semiconductor Manufacturing Co., Ltd. ADR 144,684   15,084,754
Tong Hsing Electronic Industries, Ltd. 68,720   685,192
United Microelectronics Corporation 675,000   1,239,587
Voltronic Power Technology Corporation 54,000   2,725,137
Winbond Electronics Corporation 278,000   297,766
Yang Ming Marine Transport Corporation* 11,000   47,159
        102,387,968
Thailand — 2.0%    
Advanced Info Service PCL NVDR 9,200   64,283
Airports of Thailand PCL* 1,431,600   2,852,436
Berli Jucker PCL NVDR 29,700   32,117
Central Retail Corporation PCL 1,317,500   1,575,056
    Shares   Value
Charoen Pokphand Foods PCL NVDR 1,884,000   $1,363,362
Kasikornbank PCL 590,000   2,842,563
Ngern Tid Lor PCL* 324,300   375,505
PTT Exploration & Production PCL 446,700   1,934,581
PTT Exploration & Production PCL NVDR 334,400   1,440,807
PTT Global Chemical PCL NVDR 1,572,100   2,390,127
Sri Trang Gloves Thailand PCL NVDR 438,500   332,996
        15,203,833
Turkey — 0.0%    
Turkcell Iletisim Hizmetleri AS 21,197   32,565
Turkiye Petrol Rafinerileri AS* 28,076   410,278
        442,843
United Arab Emirates — 0.1%    
Abu Dhabi Commercial Bank PJSC 379,921   1,082,626
United Kingdom — 2.9%    
Anglo American PLC 95,634   4,969,371
Antofagasta PLC 352,915   7,668,467
Network International Holdings PLC 144AΔ* 537,760   1,978,000
Standard Chartered PLC 33,203   221,755
Standard Chartered PLC (London Exchange) 324,212   2,152,123
TCS Group Holding PLC GDRΨ 491     —
Unilever PLC 120,545   5,473,080
        22,462,796
Total Foreign Common Stocks
(Cost $652,175,842) 		  664,517,861
FOREIGN PREFERRED STOCKS — 1.4%
Brazil — 1.2%    
Banco Bradesco SA        
0.99%◊ 239,171   1,114,211
Braskem SA Class A        
3.81%◊ 26,400   245,366
Gerdau SA        
2.65%◊ 131,700   849,776
Petroleo Brasileiro SA        
8.75%◊ 535,500   3,754,422
Raizen SA        
0.00%* 2,261,300   3,329,457
        9,293,232
Chile — 0.2%    
Embotelladora Andina SA Class B        
5.07%◊ 567,016   1,255,370
Total Foreign Preferred Stocks
(Cost $8,886,748) 		  10,548,602
MONEY MARKET FUNDS — 7.0%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		33,436,246   33,436,246
179
EMERGING MARKETS EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 996,376   $996,376
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 18,881,448   18,881,448
Total Money Market Funds
(Cost $53,314,070) 		  53,314,070
TOTAL INVESTMENTS — 98.3%
(Cost $741,443,756) 		    751,657,617
Other Assets in Excess of
Liabilities — 1.7% 		    13,256,315
NET ASSETS — 100.0%     $764,913,932
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
FTSE Taiwan Index   04/2022   301   $18,589,760   $93,958
Hang Seng China Enterprises Index   04/2022   43   2,064,283   1,351
MSCI Singapore Index   04/2022   (223)   (5,509,393)   (22,052)
SGX Nifty 50 Index   04/2022   92   3,226,716   18,676
FTSE KLCI   04/2022   127   2,389,886   (7,650)
KOSPI2 Index   06/2022   222   16,745,473   440,522
FTSE/JSE Top 40 Index   06/2022   82   3,865,350   230,059
MSCI Emerging Markets   06/2022   648   36,466,200   1,545,932
SET 50 Index   06/2022   (15)   (91,732)   105
Total Futures Contracts outstanding at March 31, 2022           $77,746,543   $2,300,901
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/15/22   Brazilian Reals   64,352,750   U.S. Dollars   12,276,625   CITI   $942,484
06/15/22   South African Rand   244,255,000   U.S. Dollars   15,875,620   CITI   675,107
06/15/22   Czech Republic Koruna   135,654,250   U.S. Dollars   7,060,486   CITI   419,865
06/15/22   Colombian Pesos   38,300,000,000   U.S. Dollars   9,648,985   CITI   390,901
06/15/22   U.S. Dollars   30,948,277   South Korean Won   37,151,359,000   CITI   386,270
06/15/22   Mexican Pesos   254,716,000   U.S. Dollars   12,321,350   CITI   307,798
06/15/22   Polish Zloty   26,071,517   U.S. Dollars   5,869,783   CITI   287,485
06/15/22   Chilean Pesos   10,261,735,890   U.S. Dollars   12,609,203   CITI   261,959
06/15/22   Israeli Shekels   25,000,000   U.S. Dollars   7,689,431   CITI   163,778
06/15/22   Hungarian Forint   1,150,000,000   U.S. Dollars   3,274,928   CITI   150,471
06/15/22   U.S. Dollars   6,251,288   Taiwan Dollars   174,842,110   CITI   123,601
06/15/22   South Korean Won   7,903,277,000   U.S. Dollars   6,399,195   CITI   102,318
06/15/22   Philippine Pesos   364,529,000   U.S. Dollars   6,900,150   CITI   97,751
06/15/22   U.S. Dollars   3,460,252   Chilean Pesos   2,730,000,000   CITI   36,048
06/15/22   U.S. Dollars   1,798,806   Thai Baht   58,719,000   CITI   30,775
06/15/22   U.S. Dollars   4,216,861   Philippine Pesos   218,421,000   CITI   23,807
06/15/22   U.S. Dollars   6,896,881   Chinese Offshore Yuan   43,879,000   CITI   22,772
06/15/22   U.S. Dollars   3,036,090   Indian Rupees   231,392,000   CITI   18,911
06/15/22   U.S. Dollars   9,293,974   Hong Kong Dollars   72,619,000   CITI   12,724
180
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/15/22   Peruvian Nuevo Soles   1,029,874   U.S. Dollars   269,842   CITI   $8,189
06/15/22   U.S. Dollars   3,430,121   Polish Zloty   14,493,000   CITI   7,333
06/15/22   U.S. Dollars   839,533   Hungarian Forint   280,000,000   CITI   5,522
06/15/22   Taiwan Dollars   34,000,000   U.S. Dollars   1,186,616   CITI   4,980
06/15/22   U.S. Dollars   632,736   Israeli Shekels   2,000,000   CITI   4,479
06/15/22   Singapore Dollars   1,600,000   U.S. Dollars   1,177,252   CITI   3,263
06/15/22   U.S. Dollars   937,981   South African Rand   13,800,000   CITI   2,892
06/15/22   Indian Rupees   229,773,751   U.S. Dollars   2,993,440   CITI   2,638
06/15/22   Thai Baht   9,627,000   U.S. Dollars   287,321   CITI   2,548
06/15/22   Indonesian Rupiahs   9,059,407,788   U.S. Dollars   627,661   CITI   2,303
06/15/22   U.S. Dollars   585,545   Czech Republic Koruna   13,000,000   CITI   1,812
06/15/22   U.S. Dollars   594,556   Brazilian Reals   2,886,000   CITI   1,725
06/15/22   U.S. Dollars   67,760   Euro   60,000   CITI   1,184
06/15/22   Euro   50,000   U.S. Dollars   55,209   CITI   271
06/15/22   Chinese Offshore Yuan   16,523,760   U.S. Dollars   2,588,412   CITI   209
06/15/22   Saudi Riyal   3,945,750   U.S. Dollars   1,051,087   CITI   70
06/15/22   U.S. Dollars   106,563   Saudi Riyal   400,000   CITI   3
Subtotal Appreciation                   $4,504,246
06/15/22   U.S. Dollars   85,218   Taiwan Dollars   2,433,000   CITI   $(52)
06/15/22   U.S. Dollars   69,354   Indonesian Rupiahs   998,195,000   CITI   (58)
06/15/22   U.S. Dollars   1,993,302   Saudi Riyal   7,483,000   CITI   (188)
06/15/22   Indonesian Rupiahs   3,106,379,000   U.S. Dollars   216,259   CITI   (251)
06/15/22   Saudi Riyal   16,223,250   U.S. Dollars   4,322,216   CITI   (302)
06/15/22   U.S. Dollars   55,063   Euro   50,000   CITI   (417)
06/15/22   U.S. Dollars   52,684   Peruvian Nuevo Soles   200,000   CITI   (1,310)
06/15/22   Taiwan Dollars   17,402,000   U.S. Dollars   611,227   CITI   (1,340)
06/15/22   Philippine Pesos   14,298,000   U.S. Dollars   276,531   CITI   (2,050)
06/15/22   U.S. Dollars   558,095   Singapore Dollars   760,000   CITI   (2,650)
06/15/22   U.S. Dollars   400,625   South Korean Won   490,784,000   CITI   (3,112)
06/15/22   U.S. Dollars   690,990   Philippine Pesos   36,203,000   CITI   (4,003)
06/15/22   Euro   563,000   U.S. Dollars   636,060   CITI   (11,356)
06/15/22   South African Rand   17,889,000   U.S. Dollars   1,224,825   CITI   (12,666)
06/15/22   U.S. Dollars   1,814,666   Colombian Pesos   7,000,000,000   CITI   (20,299)
06/15/22   Singapore Dollars   9,450,000   U.S. Dollars   7,000,139   CITI   (27,723)
06/15/22   U.S. Dollars   5,369,858   Indian Rupees   414,339,000   CITI   (32,812)
06/15/22   U.S. Dollars   4,736,801   Thai Baht   158,409,000   CITI   (32,903)
06/15/22   Hong Kong Dollars   132,480,000   U.S. Dollars   16,967,495   CITI   (35,560)
06/15/22   Indian Rupees   670,199,249   U.S. Dollars   8,775,513   CITI   (36,616)
06/15/22   U.S. Dollars   7,854,912   Chinese Offshore Yuan   50,407,000   CITI   (41,877)
06/15/22   Chinese Offshore Yuan   112,790,560   U.S. Dollars   17,714,328   CITI   (44,495)
06/15/22   South Korean Won   6,299,874,000   U.S. Dollars   5,232,532   CITI   (50,035)
06/15/22   Polish Zloty   12,059,483   U.S. Dollars   2,902,412   CITI   (54,345)
06/15/22   U.S. Dollars   1,283,864   Hungarian Forint   450,000,000   CITI   (56,510)
06/15/22   U.S. Dollars   4,520,050   Chilean Pesos   3,690,430,000   CITI   (108,807)
06/15/22   U.S. Dollars   1,645,886   Brazilian Reals   8,558,000   CITI   (112,067)
06/15/22   Hungarian Forint   1,519,656,000   U.S. Dollars   4,650,461   CITI   (124,002)
06/15/22   U.S. Dollars   7,077,836   Czech Republic Koruna   160,600,000   CITI   (133,517)
10/10/23   U.S. Dollars   1,196,266   Chinese Offshore Yuan   8,649,000   SC   (144,644)
06/15/22   U.S. Dollars   7,271,674   Polish Zloty   31,691,000   CITI   (212,737)
06/15/22   U.S. Dollars   18,583,137   Israeli Shekels   59,900,000   CITI   (233,152)
06/15/22   U.S. Dollars   9,076,814   Mexican Pesos   188,302,521   CITI   (259,465)
06/15/22   Thai Baht   485,918,624   U.S. Dollars   14,967,815   CITI   (336,780)
06/15/22   U.S. Dollars   8,084,406   South African Rand   124,811,000   CITI   (372,791)
06/15/22   Russian Rubles   283,443,750   U.S. Dollars   3,618,012   CITI   (451,718)
07/16/25   U.S. Dollars   3,253,457   Chinese Offshore Yuan   24,819,000   MSCS   (553,051)
181
EMERGING MARKETS EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/15/22   U.S. Dollars   2,443,114   Russian Rubles   283,443,750   CITI   $(723,180)
Subtotal Depreciation                   $(4,238,841)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $265,405
Swap Agreements outstanding at March 31, 2022:
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Counterparty   Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Total Return Swaps                                
Decrease in total return of SGX Nifty 50 Index (At Termination)   Increase in total return of SGX Nifty 50 Index (At Termination)   4/28/2022   GSC   USD   2,174,526   $10,414   $—   $10,414
Decrease in total return of Tel Aviv 35 Index (At Termination)   Increase in total return of Tel Aviv 35 Index (At Termination)   4/29/2022   GSC   ILS   7,276,608   19,052   —   19,052
Decrease in total return of FTSE/JSE Shareholder Weighted Top 40 Index (At Termination)   Increase in total return of FTSE/JSE Shareholder Weighted Top 40 Index (At Termination)   6/15/2022   GSC   ZAR   1,329,600   5,257   —   5,257
Financing Index: 1-Month SAFE South Africa JIBAR + 0.34%   MSCI South Africa Net Return ZAR Index (Monthly)   6/15/2022   GSC   ZAR   8,317,472   12,154   —   12,154
Financing Index: 1-Month WIBOR + 0.15%   MSCI Poland Net Return PLN Index (Monthly)   6/15/2022   GSC   PLN   4,128,085   15,772   —   15,772
Financing Index: 28-Day Mexico Interbank TIIE + 0.20%   MSCI Mexico Net MXN Index (Monthly)   6/15/2022   GSC   MXN   23,870,259   65,554   —   65,554
Financing Index: Overnight Bank Funding Rate - 0.05%   MSCI Daily Total Return Net Emerging Markets USD Index (Monthly)   6/15/2022   GSC   USD   312,613   10,300   —   10,300
MSCI Singapore Net Return SGD Index (Monthly)   Financing Index: Singapore Overnight Rate + 0.00%   6/15/2022   GSC   SGD   1,162,294   10,057   —   10,057
Decrease in total return of WIG20 Index (At Termination)   Increase in total return of WIG20 Index (At Termination)   6/17/2022   GSC   PLN   1,991,800   19,372   —   19,372
Subtotal Appreciation                       $167,932   $  —   $167,932
Increase in total return of Bovespa Index (At Termination)   Decrease in total return of Bovespa Index (At Termination)   4/13/2022   GSC   BRL   36,162,000   $(350,023)   $—   $(350,023)
MSCI Brazil Net Return BRL Index (Monthly)   Financing Index: Brazil Cetip Di Interbank Deposit Rate - 0.80%   6/15/2022   GSC   BRL   4,830,195   (43,316)   —   (43,316)
MSCI Emerging Markets Thailand Net Total Return USD Index (Monthly)   Financing Index: Overnight Bank Funding Rate - 0.25%   6/15/2022   GSC   USD   9,694,462   (172,015)   —   (172,015)
MSCI Singapore Net Return SGD Index (Monthly)   Financing Index: Singapore Overnight Rate + 0.00%   6/15/2022   GSC   SGD   2,100,389   (118,443)   —   (118,443)
Subtotal Depreciation                       $(683,797)   $  —   $(683,797)
Net Total Return Swaps outstanding at March 31, 2022   $(515,865)   $  —   $(515,865)
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
182
GLOBAL REAL ESTATE SECURITIES FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Shares   Value
COMMON STOCKS — 58.8%
Real Estate — 58.8%    
Acadia Realty Trust REIT 91,540   $1,983,672
Agree Realty Corporation REIT 64,323   4,268,474
American Homes 4 Rent Class A REIT 69,411   2,778,522
Apartment Income REIT Corporation 72,062   3,852,435
Apple Hospitality REIT, Inc. 65,357   1,174,465
AvalonBay Communities, Inc. REIT 51,174   12,710,086
Boston Properties, Inc. REIT 44,629   5,748,215
Brixmor Property Group, Inc. REIT 80,032   2,065,626
Centerspace REIT 7,221   708,525
DiamondRock Hospitality Co. REIT* 180,649   1,824,555
Digital Realty Trust, Inc. REITΔ 66,652   9,451,254
Duke Realty Corporation REIT 69,773   4,051,020
EastGroup Properties, Inc. REIT 18,427   3,745,841
Equinix, Inc. REIT 6,309   4,678,881
Essential Properties Realty Trust, Inc. REIT 100,050   2,531,265
First Industrial Realty Trust, Inc. REIT 41,225   2,552,240
Healthpeak Properties, Inc. REIT 105,486   3,621,334
Independence Realty Trust, Inc. REIT 154,704   4,090,374
Kilroy Realty Corporation REIT 51,055   3,901,623
Kimco Realty Corporation REIT 192,587   4,756,899
Kite Realty Group Trust REIT 125,724   2,862,735
Life Storage, Inc. REIT 50,681   7,117,133
Mid-America Apartment Communities, Inc. REIT 23,068   4,831,593
NETSTREIT CorporationΔ 106,730   2,395,021
Omega Healthcare Investors, Inc. REITΔ 68,830   2,144,743
Pebblebrook Hotel Trust REIT 46,516   1,138,712
Physicians Realty Trust REIT 75,604   1,326,094
Piedmont Office Realty Trust, Inc. Class A REIT 101,526   1,748,278
Postal Realty Trust, Inc. Class A REIT 53,826   905,353
Prologis, Inc. REIT 101,601   16,406,529
Public Storage REIT 30,583   11,935,933
Realty Income Corporation REIT 29,024   2,011,363
Rexford Industrial Realty, Inc. REIT 42,520   3,171,567
Ryman Hospitality Properties, Inc. REIT* 34,720   3,220,974
SBA Communications Corporation REIT 7,985   2,747,638
Simon Property Group, Inc. REIT 33,538   4,412,259
SITE Centers Corporation REIT 136,126   2,274,665
SL Green Realty Corporation REITΔ 22,760   1,847,657
STAG Industrial, Inc. REIT 52,013   2,150,738
Sun Communities, Inc. REIT 34,133   5,983,174
Sunstone Hotel Investors, Inc. REIT* 87,413   1,029,725
UDR, Inc. REIT 50,696   2,908,430
Ventas, Inc. REIT 130,792   8,077,714
Welltower, Inc. REIT 122,837   11,809,549
        184,952,883
Total Common Stocks
(Cost $157,367,721) 		  184,952,883
    Shares   Value
FOREIGN COMMON STOCKS — 38.2%
Australia — 3.9%    
Dexus REIT 235,784   $1,924,627
GPT Group (The) REIT (Athens Exchange) 623,637   2,405,562
Mirvac Group REIT 1,112,391   2,062,660
Scentre Group REIT 1,535,309   3,490,767
Shopping Centres Australasia Property Group REIT 440,328   957,901
Stockland REIT 314,997   998,226
Waypoint REIT, Ltd. 179,320   356,915
        12,196,658
Belgium — 0.9%    
Aedifica SA REIT 6,159   774,529
VGP NV 3,768   964,402
Warehouses De Pauw CVA REIT 27,529   1,187,765
        2,926,696
Canada — 4.2%    
Canadian Apartment Properties REIT 35,747   1,534,077
Chartwell Retirement Residences 148,797   1,475,889
Granite REIT 25,509   1,966,610
RioCan REIT 88,879   1,793,719
Summit Industrial Income REIT 83,773   1,475,568
Tricon Residential, Inc. 225,338   3,578,368
Tricon Residential, Inc. (Toronto Exchange)Δ 81,361   1,293,159
        13,117,390
Finland — 0.2%    
Kojamo OYJ 23,763   570,984
France — 1.6%    
Gecina SA REIT 7,283   917,864
ICADE REIT 12,116   779,490
Unibail-Rodamco-Westfield REITΔ* 43,481   3,257,044
        4,954,398
Germany — 3.0%    
Aroundtown SA 129,409   739,491
LEG Immobilien SE 1,572   179,016
Vonovia SE 180,074   8,393,326
        9,311,833
Hong Kong — 4.2%    
CK Asset Holdings, Ltd. 442,948   3,027,741
ESR Cayman, Ltd. 144A* 112,400   348,316
Hysan Development Co., Ltd. 206,519   603,741
Link REIT 422,264   3,596,099
Sun Hung Kai Properties, Ltd. 8,500   100,951
Sun Hung Kai Properties, Ltd. (Hong Kong Exchange) 288,382   3,431,020
SUNeVision Holdings, Ltd. 61,628   52,436
Swire Properties, Ltd. 495,459   1,224,379
Wharf Real Estate Investment Co., Ltd. 169,000   835,242
Yuexiu REIT 333,000   143,011
        13,362,936
 
183
GLOBAL REAL ESTATE SECURITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Japan — 8.3%    
Activia Properties, Inc. REIT 599   $2,088,247
Global One Real Estate Investment Corporation REIT 687   631,331
Heiwa Real Estate Co., Ltd. 8,737   282,959
Hulic Reit, Inc. 702   959,044
Ichigo Office REIT Investment Corporation 923   667,497
Industrial & Infrastructure Fund Investment Corporation REIT 943   1,428,711
Itochu Advance Logistics Investment Corporation REIT 163   210,965
Japan Excellent, Inc. REIT 821   908,907
Japan Hotel REIT Investment Corporation 1,378   702,539
Japan Metropolitan Fund Invest REIT 777   655,635
Keihanshin Building Co., Ltd. 78,607   962,702
Kenedix Residential Next Investment Corporation REIT 89   155,605
Kenedix Retail REIT Corporation 586   1,344,010
LaSalle Logiport REIT 440   632,873
Mitsubishi Estate Co., Ltd. 237,387   3,534,801
Mitsubishi Estate Logistics REIT Investment Corporation 79   307,347
Mitsui Fudosan Co., Ltd. 141,300   3,024,148
Mori Trust Hotel Reit, Inc. 1,095   1,135,508
Mori Trust Sogo REIT, Inc. 1,077   1,262,731
Nippon Building Fund, Inc. REIT 117   663,720
Nippon Prologis REIT, Inc. 345   1,007,350
Nomura Real Estate Master Fund, Inc. REIT 497   656,988
Samty Residential Investment Corporation REIT 830   856,910
Sekisui House REIT, Inc. 113   74,759
Sumitomo Realty & Development Co., Ltd. 5,257   145,489
TOC Co., Ltd. 28,800   156,626
Tokyu Fudosan Holdings Corporation 185,009   1,015,382
United Urban Investment Corporation REIT 696   802,172
        26,274,956
Netherlands — 0.2%    
CTP NV 144AΔ 30,640   512,937
Singapore — 3.2%    
ARA LOGOS Logistics Trust REIT 262,900   164,630
Ascott Residence Trust 541,100   449,104
CapitaLand China Trust REIT 410,500   365,035
CapitaLand Integrated Commercial Trust REIT 1,343,904   2,223,274
Capitaland Investment, Ltd.* 666,411   1,952,634
City Developments, Ltd.Δ 243,114   1,405,374
Daiwa House Logistics Trust REIT* 685,244   427,219
Digital Core REIT Management Pte, Ltd.* 718,888   797,966
Hongkong Land Holdings, Ltd. 42,686   208,560
Lendlease Global Commercial REIT 2,001,669   1,141,230
Mapletree Logistics Trust REITΔ 655,162   890,315
        10,025,341
    Shares   Value
Spain — 0.7%    
Arima Real Estate SOCIMI SA REITΔ* 41,402   $435,109
Inmobiliaria Colonial Socimi SA REIT* 103,807   946,292
Merlin Properties Socimi SA REIT 63,327   740,368
        2,121,769
Sweden — 2.2%    
Castellum ABΔ 62,571   1,544,862
Fabege AB 150,364   2,220,387
Fastighets AB Balder, B Shares* 33,626   2,213,940
Nyfosa AB 46,492   664,693
Pandox AB* 8,555   128,834
Sagax AB, B Shares 8,937   271,193
        7,043,909
Switzerland — 0.2%    
PSP Swiss Property AG 5,702   748,857
United Kingdom — 5.4%    
Big Yellow Group PLC REIT 52,571   1,059,840
British Land Co. PLC (The) REIT 472,682   3,272,785
Derwent London PLC REIT 20,541   862,235
Grainger PLC 385,087   1,468,641
Great Portland Estates PLC REIT 52,185   484,601
Hammerson PLC REIT 1,063,440   461,285
Life Science Reit PLC REIT* 230,500   305,067
LXI REIT PLC 207,269   402,553
PRS REIT PLC (The) 252,691   356,844
Safestore Holdings PLC REIT 32,639   574,541
Segro PLC REIT 206,452   3,629,231
Sirius Real Estate, Ltd. 292,737   482,231
Tritax Big Box REIT PLC 267,306   846,376
Tritax EuroBox PLC 144A 408,058   562,010
UNITE Group PLC (The) REIT 106,202   1,608,689
Urban Logistics REIT PLC 214,549   536,909
        16,913,838
Total Foreign Common Stocks
(Cost $115,576,749) 		  120,082,502
RIGHTS — 0.0%
Lendlease Global Commercial REIT*
(Cost $—) 		189,033   7,671
MONEY MARKET FUNDS — 3.7%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø∞ 		8,108,423   8,108,423
Northern Institutional Liquid Assets Portfolio (Shares), 0.28%ا 3,425,456   3,425,456
Total Money Market Funds
(Cost $11,533,879) 		  11,533,879
TOTAL INVESTMENTS — 100.7%
(Cost $284,478,349) 		    316,576,935
Liabilities in Excess of Other
Assets — (0.7)% 		    (2,151,089)
NET ASSETS — 100.0%     $314,425,846
 
184
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
185
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
    Par   Value
CORPORATE BONDS — 15.3%
8x8, Inc.      
0.50%, 02/01/24‡‡  CONV $480,000   $444,720
Air Transport Services Group, Inc.      
1.13%, 10/15/24‡‡  CONV 717,000   853,266
Alphatec Holdings, Inc.      
0.75%, 08/01/26 144A ‡‡  CONV 210,000   202,388
Apollo Commercial Real Estate Finance, Inc. REIT      
5.38%, 10/15/23 CONV 920,000   920,000
Array Technologies, Inc.      
1.00%, 12/01/28 144A ‡‡  CONV 660,000   503,910
Avaya Holdings Corporation      
2.25%, 06/15/23‡‡  CONV 393,000   382,586
Bandwidth, Inc.      
0.50%, 04/01/28 144A ‡‡  CONV 464,000   306,472
Beauty Health Co. (The)      
1.25%, 10/01/26 144A ‡‡  CONV 550,000   501,734
Bentley Systems, Inc.      
0.38%, 07/01/27 144A ‡‡  CONV 523,000   456,579
BigCommerce Holdings, Inc.      
0.25%, 10/01/26 144A ‡‡  CONV 623,000   475,847
Blackstone Mortgage Trust, Inc.      
5.50%, 03/15/27 CONV 91,000   89,863
Bloom Energy Corporation      
2.50%, 08/15/25 CONV 242,000   400,825
Burlington Stores, Inc.      
2.25%, 04/15/25‡‡  CONV 400,000   458,750
Cable One, Inc.      
1.13%, 03/15/28 CONV 634,000   569,966
Callaway Golf Co.      
2.75%, 05/01/26‡‡  CONV 264,000   398,970
Centennial Resource Production LLC      
3.25%, 04/01/28‡‡  CONV 500,000   762,098
Ceridian HCM Holding, Inc.      
0.25%, 03/15/26 CONV 731,000   641,087
Cheesecake Factory, Inc. (The)      
0.38%, 06/15/26‡‡  CONV 285,000   256,500
Chefs' Warehouse, Inc. (The)      
1.88%, 12/01/24‡‡  CONV 500,000   528,750
Chegg, Inc.      
3.59%, 09/01/26Ω ‡‡  CONV 837,000   688,014
Coherus Biosciences, Inc.      
1.50%, 04/15/26‡‡  CONV 512,000   509,338
Coinbase Global, Inc.      
0.50%, 06/01/26 144A ‡‡  CONV 566,000   529,776
CryoPort, Inc.      
0.75%, 12/01/26 144A ‡‡  CONV 911,000   720,145
DigitalOcean Holdings, Inc.      
2.79%, 12/01/26 144A Ω ‡‡  CONV 671,000   533,780
DISH Network Corporation      
3.38%, 08/15/26‡‡  CONV 600,000   541,200
Enphase Energy, Inc.      
1.77%, 03/01/28Ω  CONV 735,000   767,340
Envestnet, Inc.      
0.75%, 08/15/25 144A ‡‡  CONV 525,000   512,531
    Par   Value
Everbridge, Inc.      
0.13%, 12/15/24‡‡  CONV $384,000   $346,155
Exact Sciences Corporation      
0.38%, 03/15/27‡‡  CONV 760,000   720,575
Fastly, Inc.      
4.18%, 03/15/26Ω  CONV 456,000   342,684
GoPro, Inc.      
1.25%, 11/15/25 144A ‡‡  CONV 220,000   257,345
Granite Point Mortgage Trust, Inc. REIT      
6.38%, 10/01/23‡‡  CONV 1,425,000   1,425,000
Greenbrier Cos., Inc. (The)      
2.88%, 04/15/28 144A ‡‡  CONV 527,000   609,835
Groupon, Inc.      
1.13%, 03/15/26 144A ‡‡  CONV 493,000   390,835
Haemonetics Corporation      
3.82%, 03/01/26Ω  CONV 580,000   488,789
Halozyme Therapeutics, Inc.      
0.25%, 03/01/27 CONV 819,000   717,649
Helix Energy Solutions Group, Inc.      
4.13%, 09/15/23 CONV 193,000   199,841
6.75%, 02/15/26‡‡  CONV 250,000   287,675
i3 Verticals LLC      
1.00%, 02/15/25‡‡  CONV 436,000   432,207
II-VI, Inc.      
0.25%, 09/01/22‡‡  CONV 250,000   386,500
Impinj, Inc.      
1.13%, 05/15/27 144A ‡‡  CONV 278,000   262,189
Infinera Corporation      
2.13%, 09/01/24‡‡  CONV 484,000   546,194
Innoviva, Inc.      
2.13%, 01/15/23‡‡  CONV 524,000   580,657
Insmed, Inc.      
0.75%, 06/01/28‡‡  CONV 726,000   703,494
iStar, Inc. REIT      
3.13%, 09/15/22‡‡  CONV 300,000   510,900
Jamf Holding Corporation      
0.13%, 09/01/26 144A ‡‡  CONV 316,000   314,598
Jazz Investments I, Ltd.      
1.50%, 08/15/24‡‡  CONV 527,000   539,516
Kaman Corporation      
3.25%, 05/01/24‡‡  CONV 365,000   376,425
LendingTree, Inc.      
0.50%, 07/15/25‡‡  CONV 800,000   659,000
Liberty TripAdvisor Holdings, Inc.      
0.50%, 06/30/51 144A ‡‡  CONV 979,000   807,297
Ligand Pharmaceuticals, Inc.      
0.75%, 05/15/23‡‡  CONV 311,000   303,808
LivePerson, Inc.      
3.57%, 12/15/26Ω ‡‡  CONV 679,000   541,555
Lumentum Holdings, Inc.      
0.50%, 12/15/26‡‡  CONV 204,000   237,432
MACOM Technology Solutions Holdings, Inc.      
0.25%, 03/15/26 144A ‡‡  CONV 350,000   357,219
Magnite, Inc.      
0.25%, 03/15/26 CONV 962,000   764,899
 
186
    Par   Value
Marathon Digital Holdings, Inc.      
1.00%, 12/01/26 144A ‡‡  CONV $1,047,000   $743,893
MFA Financial, Inc. REIT      
6.25%, 06/15/24‡‡  CONV 1,154,000   1,170,589
MGIC Investment Corporation      
9.00%, 04/01/63 144A ‡‡  CONV 602,000   809,690
MicroStrategy, Inc.      
5.20%, 02/15/27Ω  CONV 1,054,000   758,224
Mitek Systems, Inc.      
0.75%, 02/01/26 144A ‡‡  CONV 360,000   361,350
NCL Corporation, Ltd.      
2.50%, 02/15/27 144A ‡‡  CONV 420,000   401,940
New Relic, Inc.      
0.50%, 05/01/23‡‡  CONV 495,000   497,475
NRG Energy, Inc.      
2.75%, 06/01/48‡‡  CONV 823,000   906,113
OSI Systems, Inc.      
1.25%, 09/01/22‡‡  CONV 445,000   450,841
Patrick Industries, Inc.      
1.75%, 12/01/28 144A ‡‡  CONV 356,000   320,400
Pebblebrook Hotel Trust REIT      
1.75%, 12/15/26‡‡  CONV 587,000   675,930
PennyMac Corporation REIT      
5.50%, 11/01/24‡‡  CONV 500,000   497,187
5.50%, 03/15/26 CONV 1,000,000   959,375
Perficient, Inc.      
0.13%, 11/15/26 144A ‡‡  CONV 422,000   379,167
Pioneer Natural Resources Co.      
0.25%, 05/15/25 CONV 185,000   440,207
Porch Group, Inc.      
0.75%, 09/15/26 144A ‡‡  CONV 414,000   276,345
PRA Group, Inc.      
3.50%, 06/01/23‡‡  CONV 500,000   555,625
Progress Software Corporation      
1.00%, 04/15/26 144A ‡‡  CONV 527,000   526,473
Q2 Holdings, Inc.      
0.13%, 11/15/25‡‡  CONV 634,000   547,459
Realogy Group LLC      
0.25%, 06/15/26 144A ‡‡  CONV 534,000   489,277
Redfin Corporation      
0.50%, 04/01/27‡‡  CONV 413,000   278,156
Redwood Trust, Inc. REIT      
5.63%, 07/15/24‡‡  CONV 228,000   228,571
RingCentral, Inc.      
4.28%, 03/15/26Ω  CONV 406,000   334,138
Royal Caribbean Cruises, Ltd.      
4.25%, 06/15/23 CONV 467,000   612,377
RWT Holdings, Inc.      
5.75%, 10/01/25‡‡  CONV 890,000   874,981
Sabre GLBL, Inc.      
4.00%, 04/15/25‡‡  CONV 350,000   579,425
Snap, Inc.      
2.27%, 05/01/27 144A Ω ‡‡  CONV 575,000   492,775
    Par   Value
SoFi Technologies, Inc.      
0.44%, 10/15/26 144A Ω ‡‡  CONV $471,000   $381,816
Southwest Airlines Co.      
1.25%, 05/01/25‡‡  CONV 232,000   315,694
Spirit Airlines, Inc.      
1.00%, 05/15/26‡‡  CONV 324,000   292,248
Splunk, Inc.      
1.13%, 06/15/27‡‡  CONV 355,000   340,800
Spotify U.S.A., Inc.      
2.20%, 03/15/26Ω  CONV 595,000   509,993
Stride, Inc.      
1.13%, 09/01/27 CONV 707,000   704,879
Summit Hotel Properties, Inc. REIT      
1.50%, 02/15/26‡‡  CONV 653,000   686,303
Sunnova Energy International, Inc.      
0.25%, 12/01/26 144A ‡‡  CONV 419,000   376,786
Travere Therapeutics, Inc.      
2.50%, 09/15/25‡‡  CONV 524,000   547,580
Two Harbors Investment Corporation REIT      
6.25%, 01/15/26‡‡  CONV 807,000   801,956
Unity Software, Inc.      
2.39%, 11/15/26 144A Ω ‡‡  CONV 671,000   553,072
Upstart Holdings, Inc.      
0.25%, 08/15/26 144A ‡‡  CONV 384,000   327,590
Upwork, Inc.      
0.25%, 08/15/26 144A ‡‡  CONV 816,000   670,344
Verint Systems, Inc.      
0.25%, 04/15/26 144A ‡‡  CONV 527,000   552,181
Wayfair, Inc.      
0.63%, 10/01/25‡‡  CONV 578,000   477,428
Winnebago Industries, Inc.      
1.50%, 04/01/25‡‡  CONV 597,000   654,013
WisdomTree Investments, Inc.      
4.25%, 06/15/23 CONV 450,000   515,250
3.25%, 06/15/26 144A  CONV 104,000   98,956
Wolfspeed, Inc.      
0.25%, 02/15/28 144A  CONV 141,000   160,123
Workiva, Inc.      
1.13%, 08/15/26‡‡  CONV 256,000   412,960
Ziff Davis, Inc.      
1.75%, 11/01/26 144A ‡‡  CONV 588,000   665,910
Zillow Group, Inc.      
2.75%, 05/15/25‡‡  CONV 453,000   513,475
Total Corporate Bonds
(Cost $55,125,998) 		    53,794,048
FOREIGN BONDS — 0.3%
Jersey — 0.2%    
Encore Capital Europe Finance, Ltd.      
4.50%, 09/01/23‡‡  CONV 397,000   595,897
187
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS (Continued)
    Par   Value
Norway — 0.1%    
SFL Corporation, Ltd.      
4.88%, 05/01/23‡‡  CONV $427,000   $440,344
Turkey — 0.0%    
Turkey Government Bond      
12.20%, 01/18/23(T) 10,000   637
Total Foreign Bonds
(Cost $888,715) 		  1,036,878
MORTGAGE-BACKED SECURITIES — 0.7%
Federal Home Loan Mortgage Corporation REMIC, Series 4248      
(Floating, 6.00% - ICE LIBOR USD 1M, 6.00% Cap), 5.60%, 09/15/43†  IO 257,941   40,095
Federal Home Loan Mortgage Corporation REMIC, Series 4468      
(Floating, 6.10% - ICE LIBOR USD 1M, 6.10% Cap), 5.70%, 05/15/45†  IO 265,810   43,511
Federal Home Loan Mortgage Corporation REMIC, Series 4583      
(Floating, 6.00% - ICE LIBOR USD 1M, 6.00% Cap), 5.60%, 05/15/46†  IO 652,506   101,882
Federal Home Loan Mortgage Corporation REMIC, Series 5012      
4.00%, 09/25/50 IO 191,320   34,002
Federal Home Loan Mortgage Corporation REMIC, Series 5020      
3.00%, 08/25/50 IO 357,626   61,565
Federal National Mortgage Association REMIC, Series 2017-31      
(Floating, 6.10% - ICE LIBOR USD 1M, 6.10% Cap), 5.64%, 05/25/47†  IO 380,430   64,631
Federal National Mortgage Association REMIC, Series 2018-17      
(Floating, 3.45% - ICE LIBOR USD 1M, 2.50% Cap), 2.50%, 03/25/48†  IO 2,054,898   123,163
Federal National Mortgage Association REMIC, Series 2018-8      
(Floating, 6.15% - ICE LIBOR USD 1M, 6.15% Cap), 5.69%, 02/25/48†  IO 224,616   32,365
Federal National Mortgage Association REMIC, Series 2020-38      
4.00%, 06/25/50 IO 1,010,175   166,541
Federal National Mortgage Association REMIC, Series 2020-49      
4.00%, 07/25/50 IO 430,290   75,670
(Floating, 6.10% - ICE LIBOR USD 1M, 6.10% Cap), 5.64%, 07/25/50†  IO 540,029   103,616
    Par   Value
Federal National Mortgage Association REMIC, Series 2020-60      
4.00%, 09/25/50 IO $177,680   $31,968
Federal National Mortgage Association REMIC, Series 2020-62      
4.00%, 06/25/48 IO 605,464   124,893
Federal National Mortgage Association STRIP, Series 405      
(Floating, 5.05% - ICE LIBOR USD 1M, 5.05% Cap), 4.59%, 10/25/40†  IO 636,196   93,503
Government National Mortgage Association, Series 2015-110      
(Floating, 5.70% - ICE LIBOR USD 1M, 5.70% Cap), 5.25%, 08/20/45†  IO 147,658   21,963
Government National Mortgage Association, Series 2018-124      
(Floating, 6.20% - ICE LIBOR USD 1M, 6.20% Cap), 5.75%, 09/20/48†  IO 442,184   77,427
Government National Mortgage Association, Series 2018-139      
(Floating, 6.15% - ICE LIBOR USD 1M, 6.15% Cap), 5.70%, 10/20/48†  IO 173,602   19,291
Government National Mortgage Association, Series 2018-7      
(Floating, 5.70% - ICE LIBOR USD 1M, 5.70% Cap), 5.25%, 01/20/48†  IO 366,103   41,361
Government National Mortgage Association, Series 2019-1      
(Floating, 6.05% - ICE LIBOR USD 1M, 6.05% Cap), 5.60%, 01/20/49†  IO 196,934   24,866
Government National Mortgage Association, Series 2019-110      
(Floating, 6.10% - ICE LIBOR USD 1M, 6.10% Cap), 5.65%, 09/20/49†  IO 639,073   80,446
Government National Mortgage Association, Series 2019-111      
(Floating, 6.15% - ICE LIBOR USD 1M, 6.15% Cap), 5.70%, 01/20/49†  IO 555,816   69,777
Government National Mortgage Association, Series 2019-151      
3.50%, 10/20/49 IO 844,311   95,033
3.50%, 12/20/49 IO 494,663   62,218
Government National Mortgage Association, Series 2019-153      
4.00%, 12/20/49 IO 2,558,514   350,137
Government National Mortgage Association, Series 2019-20      
(Floating, 3.79% - ICE LIBOR USD 1M, 3.79% Cap), 3.34%, 02/20/49†  IO 469,899   20,840
 
188
    Par   Value
Government National Mortgage Association, Series 2019-6      
(Floating, 6.05% - ICE LIBOR USD 1M, 6.05% Cap), 5.60%, 01/20/49†  IO $165,190   $24,770
Government National Mortgage Association, Series 2020-146      
2.50%, 10/20/50 IO 361,710   43,957
Government National Mortgage Association, Series 2020-21      
(Floating, 6.05% - ICE LIBOR USD 1M, 6.05% Cap), 5.60%, 02/20/50†  IO 370,723   57,185
Government National Mortgage Association, Series 2020-55      
3.50%, 04/20/50 IO 350,445   43,067
(Floating, 6.05% - ICE LIBOR USD 1M, 6.05% Cap), 5.60%, 04/20/50†  IO 571,283   87,232
Government National Mortgage Association, Series 2020-61      
(Floating, 6.44% - ICE LIBOR USD 1M, 6.44% Cap), 5.99%, 07/20/43†  IO 585,150   85,095
(Floating, 6.05% - ICE LIBOR USD 1M, 6.05% Cap), 5.60%, 08/20/49†  IO 843,618   94,380
Government National Mortgage Association, Series 2020-78      
4.00%, 06/20/50 IO 655,790   72,792
Government National Mortgage Association, Series 2020-79      
4.00%, 06/20/50 IO 178,588   23,009
Total Mortgage-Backed Securities
(Cost $3,099,652) 		    2,492,251
    
  Number of
Contracts 		  Notional
Amount 		 
PURCHASED OPTIONS — 0.0%
Call Swaptions — 0.0%
Pay 1-Day SOFR (Annually); Receive 1.36% (Annually); Interest Rate Swap Maturing 7/14/2025 USD, Strike Price
$1.36, Expires
06/13/22 (CITI) 		1   $7,600,000 3,533
Pay 1-Day SONIA (Annually); Receive 0.42% (Annually); Interest Rate Swap Maturing 10/10/2023 GBP, Strike Price
$0.42, Expires
12/12/22 (CITI) 		1   8,270,000 635
  Number of
Contracts 		  Notional
Amount 		  Value
Pay 1-Day SONIA (Annually); Receive 0.46% (Annually); Interest Rate Swap Maturing 10/10/2023 GBP, Strike Price
$0.46, Expires
12/12/22 (CITI) 		1   $7,550,000   $635
Pay 1-Day SONIA (Annually); Receive 0.52% (Annually); Interest Rate Swap Maturing 11/15/2023 GBP, Strike Price
$0.52, Expires
11/16/22 (CITI) 		1   8,700,000   1,296
Pay 1-Day SONIA (Annually); Receive 0.54% (Annually); Interest Rate Swap Maturing 11/16/2023 GBP, Strike Price
$0.54, Expires
07/12/22 (MSCS) 		1   7,920,000   1,264
Total Purchased Options
(Premiums paid $121,311) 		      7,363
    
    Par  
U.S. TREASURY OBLIGATIONS — 30.5%
U.S. Treasury Bills      
0.03%, 04/07/22Ω $4,300,000 4,299,900
0.11%, 04/14/22Ω 4,300,000 4,299,789
0.16%, 04/21/22Ω 4,300,000 4,299,719
0.09%, 04/28/22Ω 33,800,000 33,797,433
0.20%, 05/05/22Ω 4,300,000 4,299,421
0.43%, 05/19/22Ω 4,300,000 4,298,600
0.31%, 06/02/22Ω 4,300,000 4,297,619
0.37%, 06/09/22Ω 4,300,000 4,296,951
0.17%, 06/16/22Ω 38,700,000 38,666,503
0.46%, 06/23/22Ω 4,300,000 4,295,427
Total U.S. Treasury Obligations
(Cost $106,870,173) 		  106,851,362
    
    Shares  
COMMON STOCKS — 6.6%
Communication Services — 0.0%  
Escrow NII Holdings, Inc.††† * 76,167 19,804
Consumer Discretionary — 1.6%  
Advance Auto Parts, Inc. 998 206,546
Amazon.com, Inc.* 17 55,419
189
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
American Eagle Outfitters, Inc. 10,520   $176,736
AutoNation, Inc.* 882   87,830
AutoZone, Inc.* 151   308,732
Bath & Body Works, Inc. 3,298   157,644
Best Buy Co., Inc. 4,619   419,867
Chewy, Inc. Class A* 6,277   255,976
Dick's Sporting Goods, Inc. 2,221   222,144
Dollar General Corporation 332   73,913
DoorDash, Inc. Class A* 1,288   150,941
eBay, Inc. 3,733   213,752
Etsy, Inc.* 356   44,244
Foot Locker, Inc. 4,385   130,059
Gap, Inc. (The) 11,743   165,341
Genuine Parts Co. 591   74,478
Home Depot, Inc. (The) 232   69,445
Kohl’s Corporation 1,942   117,413
Leslie's, Inc.* 3,364   65,127
Lithia Motors, Inc. 55   16,507
Lowe’s Cos., Inc. 1,074   217,152
Macy’s, Inc. 5,909   143,943
Murphy U.S.A., Inc. 678   135,573
O’Reilly Automotive, Inc.* 489   334,945
Ollie's Bargain Outlet Holdings, Inc.* 252   10,826
Penske Automotive Group, Inc. 1,001   93,814
Pool Corporation 871   368,302
Target Corporation 2,483   526,942
Tractor Supply Co. 538   125,553
Ulta Beauty, Inc.* 518   206,278
Williams-Sonoma, Inc. 2,359   342,055
        5,517,497
Consumer Staples — 0.9%    
Albertsons Cos., Inc. Class A 7,063   234,845
Bunge, Ltd. 4,770   528,533
Casey’s General Stores, Inc. 1,162   230,273
Church & Dwight Co., Inc. 1,736   172,524
Colgate-Palmolive Co. 5,264   399,169
Costco Wholesale Corporation 481   276,984
Estee Lauder Cos., Inc. (The) Class A 121   32,951
Nu Skin Enterprises, Inc. Class A 1,675   80,199
Procter & Gamble Co. (The) 2,314   353,579
Sprouts Farmers Market, Inc.* 8,965   286,701
Walmart, Inc. 4,959   738,494
        3,334,252
Financials — 1.2%    
Aflac, Inc. 5,893   379,450
Allstate Corporation (The) 3,051   422,594
Arch Capital Group, Ltd.* 2,929   141,822
Brighthouse Financial, Inc.* 532   27,483
Brown & Brown, Inc. 696   50,300
Cincinnati Financial Corporation 3,135   426,234
CNO Financial Group, Inc. 3,311   83,073
Erie Indemnity Co. Class A 1,577   277,757
Fidelity National Financial, Inc. 2,068   101,001
First American Financial Corporation 3,968   257,206
Globe Life, Inc. 825   82,995
Hanover Insurance Group, Inc. (The) 919   137,409
    Shares   Value
Markel Corporation* 166   $244,890
Marsh & McLennan Cos., Inc. 621   105,831
Mercury General Corporation 5,448   299,640
Old Republic International Corporation 8,610   222,741
Primerica, Inc. 1,575   215,491
RLI Corporation 1,820   201,347
Selective Insurance Group, Inc. 1,040   92,934
Travelers Cos., Inc. (The) 912   166,650
W.R. Berkley Corporation 1,684   112,171
        4,049,019
Information Technology — 1.3%    
Amphenol Corporation Class A 520   39,182
Apple, Inc. 2,612   456,081
Arista Networks, Inc.* 1,149   159,688
Arrow Electronics, Inc.* 1,770   209,975
CDW Corporation 697   124,686
Ciena Corporation* 1,774   107,558
Cisco Systems, Inc. 8,934   498,160
Cognex Corporation 2,426   187,166
Dell Technologies, Inc. Class C* 3,655   183,444
F5, Inc.* 255   53,282
HP, Inc. 18,697   678,701
IPG Photonics Corporation* 1,540   169,030
Keysight Technologies, Inc.* 2,048   323,523
Motorola Solutions, Inc. 206   49,893
National Instruments Corporation 1,951   79,191
NetApp, Inc. 2,682   222,606
Pure Storage, Inc. Class A* 1,961   69,243
Trimble, Inc.* 2,034   146,733
Ubiquiti, Inc. 780   227,105
Vishay Intertechnology, Inc. 15,688   307,485
Vontier Corporation 4,624   117,403
Zebra Technologies Corporation Class A* 358   148,105
        4,558,240
Materials — 1.6%    
AptarGroup, Inc. 1,144   134,420
Axalta Coating Systems, Ltd.* 2,040   50,143
Ball Corporation 1,833   164,970
Berry Global Group, Inc.* 224   12,983
Celanese Corporation 906   129,440
Corteva, Inc. 2,441   140,309
Eagle Materials, Inc. 267   34,272
Element Solutions, Inc. 27,777   608,316
FMC Corporation‡‡ 502   66,048
Huntsman Corporation 4,046   151,765
Ingevity Corporation* 1,496   95,849
International Paper Co. 1,742   80,393
Louisiana-Pacific Corporation 1,792   111,319
Mosaic Co. (The) 8,011   532,732
NewMarket Corporation 534   173,219
Nucor Corporation 2,122   315,435
Reliance Steel & Aluminum Co. 2,366   433,806
Royal Gold, Inc. 2,473   349,385
RPM International, Inc. 1,279   104,162
 
190
    Shares   Value
Sealed Air Corporation 7,695   $515,257
Sensient Technologies Corporation 2,288   192,078
Sherwin-Williams Co. (The) 1,026   256,110
Silgan Holdings, Inc. 3,182   147,104
Steel Dynamics, Inc. 5,186   432,668
Sylvamo Corporation* 1,750   58,240
United States Steel Corporation 1,809   68,272
Valvoline, Inc. 3,783   119,392
Westlake Corporation 1,369   168,935
Westrock Co. 206   9,688
        5,656,710
Total Common Stocks
(Cost $22,148,285) 		    23,135,522
FOREIGN COMMON STOCKS — 0.2%
Ireland — 0.1%    
Seagate Technology Holdings PLC 467   41,983
Willis Towers Watson PLC 648   153,071
        195,054
Jersey — 0.0%    
Amcor PLC 11,250   127,463
Netherlands — 0.1%    
LyondellBasell Industries NV Class A 2,978   306,198
Switzerland — 0.0%    
Chubb, Ltd. 546   116,789
Total Foreign Common Stocks
(Cost $691,540) 		    745,504
PREFERRED STOCKS — 1.7%
AGNC Investment Corporation      
(Variable, ICE LIBOR USD 3M + 4.70%), 6.13% † 11,804   275,387
AMG Capital Trust II      
5.15%, 10/15/37 CONV ††† 6,846   370,615
Arbor Realty Trust, Inc.      
(Variable, U.S. SOFR + 5.44%), 6.25% † 22,457   554,463
Chimera Investment Corporation      
(Variable, ICE LIBOR USD 3M + 5.79%), 8.00% † 14,323   355,927
Cowen, Inc.      
5.63%  CONV 320   389,101
Fluor Corporation      
6.50% 144A  CONV 576   827,908
Granite Point Mortgage Trust, Inc.      
(Variable, U.S. SOFR + 5.83%), 7.00% † 13,757   332,369
Lyondellbasell Advanced Polymers, Inc.      
6.00%  CONV 12   11,136
MFA Financial, Inc.      
(Variable, ICE LIBOR USD 3M + 5.35%), 6.50% † 28,934   659,406
NCR Corporation      
PIK, 5.50%  CONV 250   372,725
New Residential Investment Corporation      
(Variable, ICE LIBOR USD 3M + 4.97%), 6.38% † 28,012   603,939
    Shares   Value
New York Community Capital Trust V      
6.00%, 11/01/51 CONV 9,291   $461,680
New York Mortgage Trust, Inc.      
(Variable, U.S. SOFR + 6.13%), 6.88% † 11,165   256,907
RBC Bearings, Inc.      
5.00%, 10/15/24 CONV 1,916   191,063
Ready Capital Corporation      
7.00%, 08/15/23 CONV 11,500   301,875
Total Preferred Stocks
(Cost $6,007,394) 		    5,964,501
FOREIGN PREFERRED STOCK — 0.1%
Canada — 0.1%    
Algonquin Power & Utilities Corporation      
7.75%, 06/15/24 CONV
(Cost $338,590) 		6,766   335,323
MUTUAL FUNDS — 0.1%
ProShares Short 20+ Year Treasury*
(Cost $296,408) 		17,007   300,854
MONEY MARKET FUNDS — 38.5%
GuideStone Money Market Fund, 0.19%
(Institutional Class)Ø ∞ 		8,333,463   8,333,463
Northern Institutional U.S. Government Portfolio (Shares), 0.06%Ø 126,576,971   126,576,971
Total Money Market Funds
(Cost $134,910,434) 		    134,910,434
TOTAL INVESTMENTS  —94.0%
(Cost $330,498,500) 		    329,574,040
COMMON STOCKS SOLD SHORT — (4.7)%
Communication Services — (0.3)%    
Bandwidth, Inc. Class A * (742)   (24,033)
Cable One, Inc. (150)   (219,636)
DISH Network Corporation Class A * (3,871)   (122,517)
Magnite, Inc. * (3,014)   (39,815)
Snap, Inc. Class A * (2,856)   (102,787)
Spotify Technology SA * (275)   (41,531)
TripAdvisor, Inc. * (3,505)   (95,056)
Ziff Davis, Inc. * (3,781)   (365,925)
        (1,011,300)
Consumer Discretionary — (0.6)%    
Burlington Stores, Inc. * (1,091)   (198,748)
Callaway Golf Co. * (9,527)   (223,122)
Cheesecake Factory, Inc. (The) * (1,444)   (57,457)
Chegg, Inc. * (1,671)   (60,624)
GoPro, Inc. Class A * (17,050)   (145,437)
Groupon, Inc. * (1,345)   (25,864)
Norwegian Cruise Line Holdings, Ltd. * (6,510)   (142,439)
Patrick Industries, Inc. (1,958)   (118,067)
Porch Group, Inc. * (4,968)   (34,503)
Royal Caribbean Cruises, Ltd. * (4,276)   (358,243)
Stride, Inc. * (7,801)   (283,410)
Wayfair, Inc. Class A * (289)   (32,015)
191
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS (Continued)
    Shares   Value
Winnebago Industries, Inc. (5,038)   $(272,203)
        (1,952,132)
Consumer Staples — (0.2)%    
Beauty Health Co. (The) * (7,792)   (131,529)
Bunge, Ltd. (4,748)   (526,126)
Chefs' Warehouse, Inc. (The) * (6,100)   (198,860)
        (856,515)
Energy — (0.3)%    
Centennial Resource Development, Inc. Class A * (63,636)   (513,542)
Helix Energy Solutions Group, Inc. * (18,597)   (88,894)
Pioneer Natural Resources Co. (1,628)   (407,049)
SFL Corporation, Ltd. (6,100)   (62,098)
        (1,071,583)
Financials — (0.4)%    
Affiliated Managers Group, Inc. (352)   (49,614)
Coinbase Global, Inc. Class A * (529)   (100,436)
Cowen, Inc. Class A (8,710)   (236,041)
Encore Capital Group, Inc. * (7,605)   (477,062)
LendingTree, Inc. * (195)   (23,336)
PRA Group, Inc. * (5,100)   (229,908)
SoFi Technologies, Inc. * (6,350)   (60,007)
Upstart Holdings, Inc. * (538)   (58,690)
WisdomTree Investments, Inc. (45,565)   (267,467)
        (1,502,561)
Health Care — (0.4)%    
Alphatec Holdings, Inc. * (6,300)   (72,450)
Coherus Biosciences, Inc. * (16,384)   (211,517)
CryoPort, Inc. * (2,704)   (94,397)
Exact Sciences Corporation * (2,566)   (179,415)
Haemonetics Corporation * (660)   (41,725)
Halozyme Therapeutics, Inc. * (4,373)   (174,395)
Innoviva, Inc. * (11,930)   (230,846)
Insmed, Inc. * (13,311)   (312,808)
Ligand Pharmaceuticals, Inc. * (124)   (13,949)
Travere Therapeutics, Inc. * (6,097)   (157,120)
        (1,488,622)
Industrials — (0.7)%    
Air Transport Services Group, Inc. * (13,457)   (450,137)
Array Technologies, Inc. * (15,915)   (179,362)
Bloom Energy Corporation Class A * (10,344)   (249,808)
Fluor Corporation * (19,134)   (548,955)
Greenbrier Cos., Inc. (The) (5,749)   (296,131)
Kaman Corporation (1,707)   (74,220)
RBC Bearings, Inc. * (707)   (137,073)
Southwest Airlines Co. * (4,083)   (187,001)
Spirit Airlines, Inc. * (2,651)   (57,977)
Upwork, Inc. * (4,320)   (100,397)
        (2,281,061)
Information Technology — (1.2)%    
8x8, Inc. * (2,880)   (36,259)
    Shares   Value
Avaya Holdings Corporation * (436)   $(5,524)
Bentley Systems, Inc. Class B (2,824)   (124,764)
BigCommerce Holdings, Inc. Series 1 * (2,577)   (56,462)
Ceridian HCM Holding, Inc. * (2,266)   (154,904)
DigitalOcean Holdings, Inc. * (1,265)   (73,180)
Enphase Energy, Inc. * (1,276)   (257,471)
Envestnet, Inc. * (2,226)   (165,703)
Everbridge, Inc. * (576)   (25,137)
Fastly, Inc. Class A * (477)   (8,290)
I3 Verticals, Inc. Class A * (3,837)   (106,899)
II-VI, Inc. * (4,131)   (299,456)
Impinj, Inc. * (1,575)   (100,076)
Infinera Corporation * (21,470)   (186,145)
Jamf Holding Corporation * (3,476)   (121,000)
LivePerson, Inc. * (3,395)   (82,906)
Lumentum Holdings, Inc. * (1,116)   (108,922)
MACOM Technology Solutions Holdings, Inc. * (2,567)   (153,686)
Marathon Digital Holdings, Inc. * (5,654)   (158,029)
MicroStrategy, Inc. Class A * (296)   (143,951)
Mitek Systems, Inc. * (11,280)   (165,478)
NCR Corporation * (5,464)   (219,598)
New Relic, Inc. * (900)   (60,192)
OSI Systems, Inc. * (415)   (35,325)
Perficient, Inc. * (994)   (109,429)
Progress Software Corporation (5,002)   (235,544)
Q2 Holdings, Inc. * (1,359)   (83,782)
RingCentral, Inc. Class A * (198)   (23,208)
Sabre Corporation * (26,149)   (298,883)
Splunk, Inc. * (541)   (80,398)
Unity Software, Inc. * (633)   (62,800)
Verint Systems, Inc. * (4,963)   (256,587)
Wolfspeed, Inc. * (710)   (80,841)
Workiva, Inc. * (2,254)   (265,972)
        (4,346,801)
Real Estate — (0.5)%    
iStar, Inc. REIT (19,615)   (459,187)
Pebblebrook Hotel Trust REIT (15,458)   (378,412)
Realogy Holdings Corporation * (12,318)   (193,146)
Redfin Corporation * (1,136)   (20,494)
Summit Hotel Properties, Inc. REIT * (33,478)   (333,441)
Zillow Group, Inc. Class C * (3,707)   (182,718)
        (1,567,398)
Utilities — (0.1)%    
NRG Energy, Inc. (9,314)   (357,285)
Sunnova Energy International, Inc. * (4,920)   (113,455)
        (470,740)
Total Common Stocks Sold Short
(Proceeds $(16,949,372)) 		    (16,548,713)
 
192
    Shares   Value
FOREIGN COMMON STOCKS SOLD SHORT — (0.1)%
Canada — (0.1)%    
Algonquin Power & Utilities Corporation (13,918)   $(216,007)
Ireland — (0.0)%    
Jazz Pharmaceuticals PLC * (668)   (103,988)
Total Foreign Common Stocks Sold Short
(Proceeds $(305,885)) 		    (319,995)
TOTAL SECURITIES SOLD SHORT  —(4.8)%
(Proceeds $(17,255,257)) 		    (16,868,708)
    
  Number of
Contracts 		  Notional
Amount 		 
WRITTEN OPTIONS — (0.3)%
Call Options — (0.1)%
Avaya Holdings Corp., Strike Price
$13.00, Expires
04/14/22 (Evercore) 		(28)   $(35,476) (1,260)
Bloom Energy Corp., Strike Price
$24.00, Expires
05/20/22 (Evercore) 		(30)   (72,450) (8,250)
Callaway Golf Co., Strike Price
$24.00, Expires
04/14/22 (Evercore) 		(30)   (70,260) (1,800)
Coinbase Gbl. Inc., Strike Price
$190.00, Expires
05/20/22 (Evercore) 		(3)   (56,958) (5,775)
Enphase Energy, Inc., Strike Price
$190.00, Expires
04/14/22 (Evercore) 		(5)   (100,890) (8,600)
Exact Sciences, Inc., Strike Price
$65.00, Expires
07/15/22 (Evercore) 		(14)   (97,888) (18,620)
II-VI, Inc., Strike Price
$70.00, Expires
07/15/22 (Evercore) 		(11)   (79,739) (7,865)
Infinera Corp., Strike Price
$9.00, Expires
05/20/22 (Evercore) 		(98)   (84,966) (5,390)
  Number of
Contracts 		  Notional
Amount 		  Value
Insmed Incorporated, Strike Price
$23.00, Expires
05/20/22 (Evercore) 		(45)   $(105,750)   $(9,225)
Lumentum Holdings Inc., Strike Price
$92.50, Expires
04/14/22 (Evercore) 		(4)   (39,040)   (2,780)
Sabre Corp., Strike Price
$9.00, Expires
04/14/22 (Evercore) 		(89)   (101,727)   (22,161)
SoFi Technologies, Inc., Strike Price
$10.00, Expires
05/20/22 (Evercore) 		(42)   (39,690)   (3,864)
Sunnova Energy Intl., Strike Price
$17.50, Expires
04/14/22 (Evercore) 		(24)   (55,344)   (13,800)
Winnebago Industries, Inc., Strike Price
$60.00, Expires
04/14/22 (Evercore) 		(19)   (102,657)   (570)
Workiva Inc., Strike Price
$115.00, Expires
05/20/22 (Evercore) 		(6)   (70,800)   (6,000)
          (115,960)
Call Swaptions — (0.0)%
Pay 0.38% (Annually); Receive 1-Day SONIA (Annually); Interest Rate Swap Maturing 10/10/2032 GBP, Strike Price
$0.38, Expires
12/12/22 (CITI) 		(1)   (850,000)   (1,504)
Pay 0.42% (Annually); Receive 1-Day SONIA (Annually); Interest Rate Swap Maturing 10/10/2032 GBP, Strike Price
$0.42, Expires
12/12/22 (CITI) 		(1)   (780,000)   (1,559)
193
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS (Continued)
  Number of
Contracts 		  Notional
Amount 		  Value
Pay 0.55% (Annually); Receive 1-Day SONIA (Annually); Interest Rate Swap Maturing 11/15/2032 GBP, Strike Price
$0.55, Expires
11/15/22 (CITI) 		(1)   $(900,000)   $(3,679)
Pay 0.60% (Annually); Receive 1-Day SONIA (Annually); Interest Rate Swap Maturing 11/16/2032 GBP, Strike Price
$0.60, Expires
07/12/22 (MSCS) 		(1)   (820,000)   (3,557)
Pay 1.29% (Semiannually); Receive 3-Month LIBOR (Quarterly); Interest Rate Swap Maturing 12/14/2023 USD, Strike Price
$1.29, Expires
06/13/22 (CITI) 		(2)   (42,400,000)   (15,290)
Pay 1.59% (Annually); Receive 1-Day SOFR (Annually); Interest Rate Swap Maturing 7/14/2032 USD, Strike Price
$1.59, Expires
11/15/22 (CITI) 		(1)   (2,440,000)   (10,799)
          (36,388)
  Number of
Contracts 		  Notional
Amount 		  Value
Put Swaptions — (0.2)%
Pay 3-Month LIBOR (Quarterly); Receive 1.29% (Semiannually); Interest Rate Swap Maturing 12/14/2023 USD, Strike Price
$1.29, Expires
06/13/22 (CITI) 		(1)   $(21,200,000)   $(362,704)
Pay 3-Month LIBOR (Quarterly); Receive 1.29% (Semiannually); Interest Rate Swap Maturing 12/14/2023 USD, Strike Price
$1.29, Expires
07/20/22 (CITI) 		(1)   (21,200,000)   (362,705)
          (725,409)
Total Written Options
(Premiums received $ (428,530)) 		      (877,757)
Other Assets in Excess of
Liabilities — 11.1% 		      38,987,506
NET ASSETS — 100.0%       $350,815,081
 
Futures Contracts outstanding at March 31, 2022:
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
Euro-Bobl   06/2022   (4)   $(570,206)   $2,986
Euro-BTP Italian Government Bond   06/2022   (1)   (153,005)   6,330
Euro-Bund   06/2022   (2)   (351,036)   11,632
Euro-OAT   06/2022   (1)   (167,608)   7,300
Australian Dollars/U.S. Dollars   06/2022   (265)   (19,865,725)   (459,113)
British Pounds/U.S. Dollars   06/2022   (2)   (164,138)   773
Mexican Pesos/U.S. Dollars   06/2022   (8)   (198,920)   (12,571)
New Zealand Dollars/U.S. Dollars   06/2022   (21)   (1,454,040)   (18,588)
South African Rand/U.S. Dollars   06/2022   (14)   (474,950)   (15,568)
Swiss Francs/U.S. Dollars   06/2022   (3)   (407,663)   (5,271)
U.S. Dollars/Czech Republic Koruna   06/2022   1   100,755   (6,198)
U.S. Dollars/Norwegian Kroner   06/2022   10   999,091   (16,060)
U.S. Dollars/Swedish Kronor   06/2022   11   1,096,040   (53,669)
Canadian Dollars/U.S. Dollars   06/2022   (9)   (720,810)   (18,753)
Euro/U.S. Dollars   06/2022   (195)   (27,053,812)   (174,563)
Japanese Yen/U.S. Dollars   06/2022   (27)   (2,780,156)   64,543
NASDAQ 100 E-Mini   06/2022   24   7,137,000   250,990
194
Future Type   Expiration Date   Open Long
(Short) Contracts 		  Notional
Market Value
of Contracts 		  Value and
Unrealized
Appreciation
(Depreciation)
S&P 500® E-Mini   06/2022   52   $11,779,950   $149,582
10-Year U.S. Treasury Note   06/2022   287   35,265,125   (755,901)
U.S. Treasury Long Bond   06/2022   2   300,125   (9,346)
Ultra 10-Year U.S. Treasury Note   06/2022   (203)   (27,500,156)   869,053
Ultra Long U.S. Treasury Bond   06/2022   16   2,834,000   (19,250)
Long GILT   06/2022   (5)   (796,269)   13,986
10-Year Bond   06/2022   (7)   (731,048)   29,195
2-Year U.S. Treasury Note   06/2022   (84)   (17,801,437)   146,577
5-Year U.S. Treasury Note   06/2022   (227)   (26,034,063)   473,547
Total Futures Contracts outstanding at March 31, 2022           $(67,712,956)   $461,643
Forward Foreign Currency Contracts outstanding at March 31, 2022:
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/14/22   U.S. Dollars   979,000   Turkish Lira   9,446,860   MSCS   $371,451
05/05/22   U.S. Dollars   4,433,028   Euro   3,883,119   MSCS   132,552
04/21/22   Australian Dollars   3,231,391   U.S. Dollars   2,297,204   MSCS   121,451
06/15/22   Australian Dollars   4,398,506   U.S. Dollars   3,209,479   MSCS   86,375
04/08/22   U.S. Dollars   1,859,297   Swedish Kronor   16,821,731   MSCS   69,949
06/15/22   U.S. Dollars   2,136,623   Japanese Yen   251,967,448   MSCS   62,545
06/15/22   Swedish Kronor   13,427,052   U.S. Dollars   1,372,134   MSCS   58,778
05/06/22   U.S. Dollars   853,342   Polish Zloty   3,410,710   MSCS   44,454
06/15/22   Mexican Pesos   27,783,299   U.S. Dollars   1,333,428   MSCS   44,105
04/05/22   U.S. Dollars   1,312,197   British Pounds   966,312   MSCS   42,841
04/12/22   Mexican Pesos   24,589,541   U.S. Dollars   1,190,850   MSCS   42,830
04/21/22   U.S. Dollars   1,045,192   Hungarian Forint   335,154,000   MSCS   38,908
06/15/22   South African Rand   17,800,275   U.S. Dollars   1,167,763   MSCS   38,385
06/15/22   Canadian Dollars   1,755,104   U.S. Dollars   1,375,226   MSCS   28,414
06/15/22   Norwegian Kroner   10,354,104   U.S. Dollars   1,148,083   MSCS   27,445
04/22/22   U.S. Dollars   464,579   Japanese Yen   53,421,888   MSCS   25,570
04/04/22   Brazilian Reals   1,682,216   U.S. Dollars   327,500   MSCS   25,439
06/15/22   New Zealand Dollars   2,632,600   U.S. Dollars   1,796,908   MSCS   25,179
05/04/22   Russian Rubles   6,633,675   U.S. Dollars   52,440   MSCS   24,691
04/26/22   Canadian Dollars   2,069,634   U.S. Dollars   1,634,165   MSCS   21,123
04/11/22   U.S. Dollars   1,808,767   South Korean Won   2,173,011,967   MSCS   17,875
04/27/22   Chilean Pesos   599,314,575   U.S. Dollars   744,227   MSCS   13,759
06/15/22   Euro   1,000,708   U.S. Dollars   1,096,863   MSCS   13,523
04/13/22   U.S. Dollars   1,832,418   Indian Rupees   138,341,879   MSCS   12,138
05/12/22   New Zealand Dollars   739,742   U.S. Dollars   500,536   MSCS   11,782
05/05/22   Euro   654,016   U.S. Dollars   713,143   MSCS   11,166
04/26/22   U.S. Dollars   536,716   Czech Republic Koruna   11,639,634   MSCS   10,876
04/08/22   Swedish Kronor   5,426,472   U.S. Dollars   568,273   MSCS   8,947
04/15/22   U.S. Dollars   278,038   Taiwan Dollars   7,715,290   MSCS   8,586
06/15/22   Swedish Kronor   9,992,214   Euro   951,995   MSCS   8,531
06/15/22   Czech Republic Koruna   4,173,692   U.S. Dollars   178,880   MSCS   8,529
04/26/22   South African Rand   2,269,389   U.S. Dollars   147,032   MSCS   7,757
04/21/22   Hungarian Forint   135,358,537   U.S. Dollars   398,849   MSCS   7,559
04/25/22   Norwegian Kroner   8,140,243   U.S. Dollars   916,827   MSCS   7,503
04/11/22   South Korean Won   640,545,329   U.S. Dollars   521,129   MSCS   6,778
06/15/22   New Zealand Dollars   1,276,771   Australian Dollars   1,170,400   MSCS   6,690
195
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS (Continued)
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
05/05/22   Polish Zloty   1,323,042   U.S. Dollars   307,354   MSCS   $6,455
04/26/22   Czech Republic Koruna   8,222,250   U.S. Dollars   365,190   MSCS   6,264
06/15/22   Euro   490,910   Swiss Francs   497,573   MSCS   4,428
06/15/22   Japanese Yen   41,783,402   U.S. Dollars   340,206   MSCS   3,735
06/15/22   Australian Dollars   367,103   Euro   244,824   MSCS   3,419
04/25/22   U.S. Dollars   234,007   Swiss Francs   213,000   MSCS   3,305
06/15/22   Singapore Dollars   1,150,708   U.S. Dollars   846,112   MSCS   2,907
04/25/22   U.S. Dollars   183,461   Norwegian Kroner   1,595,427   MSCS   2,299
06/15/22   U.S. Dollars   448,471   British Pounds   339,892   MSCS   2,098
06/15/22   Hungarian Forint   35,670,145   U.S. Dollars   104,390   MSCS   1,857
06/15/22   Swiss Francs   514,306   U.S. Dollars   556,767   MSCS   1,689
04/15/22   Taiwan Dollars   7,509,364   U.S. Dollars   260,805   MSCS   1,455
06/15/22   Indonesian Rupiahs   3,843,068,546   U.S. Dollars   265,883   MSCS   1,353
06/15/22   U.S. Dollars   497,448   Euro   447,154   MSCS   1,286
06/14/22   Turkish Lira   4,310,190   U.S. Dollars   276,020   MSCS   1,178
06/15/22   U.S. Dollars   207,205   Czech Republic Koruna   4,592,278   MSCS   999
06/15/22   Swiss Francs   245,130   Euro   238,990   MSCS   989
05/13/22   Indonesian Rupiahs   7,594,660,523   U.S. Dollars   527,880   MSCS   899
06/15/22   U.S. Dollars   357,657   New Zealand Dollars   515,906   MSCS   586
06/15/22   British Pounds   142,700   U.S. Dollars   186,930   MSCS   474
04/28/22   U.S. Dollars   74,108   Hong Kong Dollars   577,594   MSCS   355
06/15/22   U.S. Dollars   258,742   Chinese Offshore Yuan   1,650,014   MSCS   250
06/15/22   U.S. Dollars   116,115   Australian Dollars   154,864   MSCS   74
06/15/22   Euro   386,437   Swedish Kronor   4,023,000   MSCS   62
Subtotal Appreciation                   $1,542,900
06/15/22   Canadian Dollars   328,388   Euro   236,717   MSCS   $(34)
04/11/22   U.S. Dollars   252,527   South Korean Won   306,706,753   MSCS   (246)
06/15/22   South Korean Won   129,318,958   U.S. Dollars   106,716   MSCS   (334)
04/26/22   Czech Republic Koruna   3,295,307   U.S. Dollars   149,281   MSCS   (410)
04/21/22   Australian Dollars   576,360   U.S. Dollars   431,947   MSCS   (549)
06/15/22   U.S. Dollars   155,681   Chilean Pesos   124,614,776   MSCS   (622)
06/15/22   Chinese Offshore Yuan   1,017,122   U.S. Dollars   159,980   MSCS   (637)
04/29/22   Singapore Dollars   103,302   U.S. Dollars   76,853   MSCS   (644)
05/16/22   Colombian Pesos   1,697,158,396   U.S. Dollars   447,746   MSCS   (763)
05/03/22   Brazilian Reals   1,617,710   U.S. Dollars   337,542   MSCS   (888)
06/15/22   Indian Rupees   19,944,315   U.S. Dollars   261,000   MSCS   (941)
06/15/22   Chilean Pesos   82,711,109   U.S. Dollars   104,824   MSCS   (1,080)
06/15/22   British Pounds   249,611   U.S. Dollars   328,896   MSCS   (1,088)
06/15/22   Euro   231,701   Canadian Dollars   322,973   MSCS   (1,201)
05/13/22   Indonesian Rupiahs   7,455,171,806   U.S. Dollars   520,349   MSCS   (1,283)
06/15/22   Australian Dollars   349,565   Euro   237,345   MSCS   (1,424)
06/15/22   U.S. Dollars   365,305   South Korean Won   446,210,487   MSCS   (1,762)
06/15/22   Taiwan Dollars   7,332,670   U.S. Dollars   258,831   MSCS   (1,843)
06/15/22   Swiss Francs   1,018,934   Euro   999,000   MSCS   (2,087)
04/25/22   U.S. Dollars   289,122   Swiss Francs   269,095   MSCS   (2,337)
04/15/22   U.S. Dollars   1,153,000   Taiwan Dollars   33,082,107   MSCS   (2,374)
04/13/22   U.S. Dollars   262,721   Indian Rupees   20,168,331   MSCS   (2,650)
04/05/22   U.S. Dollars   1,082,000   Indian Rupees   82,361,840   MSCS   (3,687)
06/15/22   U.S. Dollars   323,237   Israeli Shekels   1,041,152   MSCS   (3,819)
06/15/22   U.S. Dollars   3,436,686   British Pounds   2,619,990   MSCS   (4,083)
04/25/22   Swiss Francs   662,543   U.S. Dollars   722,164   MSCS   (4,560)
04/08/22   U.S. Dollars   844,970   Swedish Kronor   7,988,233   MSCS   (4,748)
04/27/22   U.S. Dollars   211,941   Chilean Pesos   171,939,111   MSCS   (5,520)
06/15/22   U.S. Dollars   955,327   Swiss Francs   885,328   MSCS   (6,000)
05/31/22   U.S. Dollars   848,638   Indonesian Rupiahs   12,285,565,373   MSCS   (6,216)
196
Expiration Date   Currency
Purchased 		  Amount
of Currency
Purchased 		  Currency
Sold 		  Amount
of Currency
Sold 		  Counter-
party 		  Net Unrealized
Appreciation
(Depreciation)
06/15/22   Swedish Kronor   5,010,354   U.S. Dollars   540,192   MSCS   $(6,242)
06/15/22   U.S. Dollars   787,843   Indian Rupees   60,927,245   MSCS   (6,604)
06/15/22   U.S. Dollars   1,566,009   Chinese Offshore Yuan   10,040,609   MSCS   (6,959)
06/15/22   U.S. Dollars   205,312   Australian Dollars   285,263   MSCS   (8,439)
06/15/22   Norwegian Kroner   8,802,663   U.S. Dollars   1,007,873   MSCS   (8,483)
06/15/22   Euro   1,269,211   U.S. Dollars   1,416,933   MSCS   (8,620)
04/25/22   U.S. Dollars   1,123,683   Norwegian Kroner   9,976,853   MSCS   (9,196)
04/04/22   U.S. Dollars   108,908   Brazilian Reals   565,830   MSCS   (9,807)
05/05/22   U.S. Dollars   1,617,872   Euro   1,469,746   MSCS   (9,842)
06/15/22   U.S. Dollars   538,901   Norwegian Kroner   4,839,483   MSCS   (10,538)
04/11/22   South Korean Won   1,587,699,399   U.S. Dollars   1,320,502   MSCS   (11,996)
06/15/22   Norwegian Kroner   6,817,720   Euro   708,590   MSCS   (12,217)
05/12/22   U.S. Dollars   265,185   New Zealand Dollars   402,507   MSCS   (13,576)
06/15/22   Euro   245,369   Czech Republic Koruna   6,390,637   MSCS   (14,695)
04/13/22   Indian Rupees   112,358,587   U.S. Dollars   1,493,769   MSCS   (15,374)
06/15/22   U.S. Dollars   567,558   South African Rand   8,611,410   MSCS   (15,951)
06/15/22   U.S. Dollars   640,885   Canadian Dollars   822,101   MSCS   (16,588)
04/22/22   Japanese Yen   35,219,353   U.S. Dollars   306,228   MSCS   (16,804)
05/04/22   Russian Rubles   13,945,975   U.S. Dollars   180,437   MSCS   (18,284)
06/15/22   Euro   486,981   Swedish Kronor   5,247,030   MSCS   (18,819)
04/21/22   Hungarian Forint   163,348,570   U.S. Dollars   509,410   MSCS   (18,963)
05/16/22   U.S. Dollars   425,847   Colombian Pesos   1,688,907,349   MSCS   (18,963)
04/26/22   U.S. Dollars   1,449,800   Canadian Dollars   1,838,053   MSCS   (20,271)
04/05/22   British Pounds   1,150,709   U.S. Dollars   1,533,258   MSCS   (21,678)
06/15/22   U.S. Dollars   1,530,504   New Zealand Dollars   2,242,866   MSCS   (21,839)
05/06/22   Polish Zloty   2,039,000   U.S. Dollars   510,147   MSCS   (26,575)
04/12/22   U.S. Dollars   805,054   Mexican Pesos   16,714,043   MSCS   (33,505)
06/15/22   U.S. Dollars   752,714   Hungarian Forint   264,308,022   MSCS   (34,555)
06/15/22   U.S. Dollars   614,444   Turkish Lira   10,128,887   MSCS   (36,438)
06/15/22   U.S. Dollars   3,256,131   Euro   2,971,628   MSCS   (41,184)
04/21/22   U.S. Dollars   201,761   Russian Rubles   20,579,650   MSCS   (42,384)
04/26/22   U.S. Dollars   1,387,639   South African Rand   21,066,260   MSCS   (49,238)
04/08/22   Swedish Kronor   19,039,305   U.S. Dollars   2,087,193   MSCS   (61,960)
06/15/22   U.S. Dollars   1,519,761   Swedish Kronor   14,880,675   MSCS   (66,063)
06/15/22   Japanese Yen   183,613,358   U.S. Dollars   1,585,654   MSCS   (74,236)
04/21/22   U.S. Dollars   2,478,102   Australian Dollars   3,446,267   MSCS   (101,383)
05/05/22   Euro   4,471,028   U.S. Dollars   5,110,829   MSCS   (159,257)
06/14/22   Turkish Lira   5,136,670   U.S. Dollars   490,000   MSCS   (159,649)
Subtotal Depreciation                   $(1,291,005)
Total Forward Foreign Currency Contracts outstanding at March 31, 2022       $251,895
Swap Agreements outstanding at March 31, 2022:
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Counterparty   Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Interest Rate Swaps                                
3.00% (Quarterly)   3-Month Malaysia Interbank Rate (Quarterly)   6/15/2024   BOA   MYR   28,330,000   $(8,622)   $(2,630)   $(5,992)
                    $(8,622)   $(2,630)   $(5,992)
    
197
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS (Continued)
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swaps                            
1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   12.40% (Upon termination)   1/2/2023   BRL   3,175,953   $6,270   $(298)   $6,568
5.80% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/2/2023   BRL   11,831,599   131,713   7,701   124,012
12.30% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/2/2024   BRL   1,496,046   4,638   1,905   2,733
1-Day SOFR (Annually)   1.29% (Annually)   1/12/2024   USD   41,010,000   593,660   263,920   329,740
1.73% (Annually)   1-Day SOFR (Annually)   2/9/2024   USD   12,050,000   126,180   204   125,976
2.50% (Annually)   1-Day SOFR (Annually)   3/14/2024   USD   4,630,000   14,586   9,135   5,451
1.00% (Semiannually)   3-Month CDOR (Semiannually)   3/16/2024   CAD   3,440,000   90,409   56,322   34,087
1.75% (Annually)   1-Day SOFR (Annually)   3/16/2024   USD   12,980,000   150,042   40,083   109,959
1-Day SOFR (Annually)   0.25% (Annually)   3/16/2024   USD   4,620,000   176,033   125,626   50,407
3-Month EURIBOR (Quarterly)   0.25% (Annually)   3/16/2024   EUR   11,920,000   74,099   68,080   6,019
2.00% (Annually)   1-Day SOFR (Annually)   3/24/2024   USD   7,050,000   28,356   19,259   9,097
8.70% (Lunar)   28-Day Mexico Interbank TIIE (Lunar)   6/12/2024   MXN   149,670,000   5,564   —   5,564
1.25% (Annually)   3-Month TELBOR (Quarterly)   6/15/2024   ILS   23,575,000   53,593   8,412   45,181
1-Day ESTR (Annually)   0.25% (Annually)   6/15/2024   EUR   2,810,000   (16,804)   (16,804)   —
2.00% (Annually)   6-Month NIBOR (Semiannually)   6/15/2024   NOK   64,780,000   97,635   91,404   6,231
3-Month STIBOR (Quarterly)   0.75% (Annually)   6/15/2024   SEK   87,830,000   (156,141)   (156,398)   257
4.50% (Annually)   6-Month PRIBOR (Semiannually)   6/15/2024   CZK   91,350,000   61,181   36,966   24,215
6.50% (Annually)   6-Month BUBOR (Semiannually)   6/15/2024   HUF   979,650,000   51,251   45,600   5,651
1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   12.06% (Upon termination)   1/2/2025   BRL   11,056,630   40,541   4,358   36,183
0.27% (Annually)   1-Day SONIA (Annually)   6/17/2025   GBP   10,000   690   (174)   864
11.23% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/4/2027   BRL   5,053,365   14,986   12,131   2,855
1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   8.50% (Upon termination)   1/4/2027   BRL   5,399,512   115,377   (19,070)   134,447
0.00% (Annually)   Bank of Japan Unsecured Overnight Call Rate (Annually)   3/16/2027   JPY   62,300,000   (2,484)   (2,552)   68
0.50% (Annually)   1-Day SONIA (Annually)   3/16/2027   GBP   4,220,000   359,915   228,488   131,427
1.00% (Annually)   1-Day SOFR (Annually)   3/16/2027   USD   22,970,000   1,290,785   1,079,627   211,158
1.75% (Semiannually)   3-Month CDOR (Semiannually)   3/16/2027   CAD   710,000   27,026   9,018   18,008
2.00% (Annually)   6-Month NIBOR (Semiannually)   3/16/2027   NOK   2,030,000   8,937   7,135   1,802
1.32% (Annually)   6-Month EURIBOR (Semiannually)   3/31/2027   EUR   4,760,000   6,150   (13,404)   19,554
1-Day CLP-TNA (Semiannually)   6.45% (Semiannually)   6/15/2027   CLP   1,357,100,000   18,225   12,983   5,242
1-Day COP-IBR-OIS (Quarterly)   8.20% (Quarterly)   6/15/2027   USD   5,041,110,000   (202)   (274)   72
1.96% (Semiannually)   3-Month CDOR (Semiannually)   12/18/2028   CAD   8,720,000   281,329   93,712   187,617
1-Day SOFR (Annually)   2.13% (Annually)   11/15/2031   USD   11,350,000   (8,844)   (57,480)   48,636
1.00% (Annually)   3-Month STIBOR (Quarterly)   3/16/2032   SEK   45,110,000   396,206   302,077   94,129
1.50% (Annually)   1-Day SOFR (Annually)   3/16/2032   USD   9,490,000   503,351   294,982   208,369
1-Day SONIA (Annually)   0.75% (Annually)   3/16/2032   GBP   7,450,000   802,584   721,526   81,058
3-Month New Zealand BBR FRA (Quarterly)   2.75% (Semiannually)   3/16/2032   NZD   2,370,000   88,089   (15,151)   103,240
1.50% (Annually)   1-Day SOFR (Annually)   3/17/2032   USD   13,900,000   286,536   269,690   16,846
1-Day SONIA (Annually)   1.00% (Annually)   3/17/2032   GBP   1,880,000   44,365   35,631   8,734
6-Month EURIBOR (Semiannually)   1.49% (Annually)   3/29/2032   EUR   3,310,000   297   (9,628)   9,925
28-Day Mexico Interbank TIIE (Lunar)   8.40% (Lunar)   6/2/2032   MXN   66,060,000   51,604   (2,551)   54,155
3.25% (Annually)   6-Month PRIBOR (Semiannually)   6/15/2032   CZK   11,104,276   26,375   12,946   13,429
3.75% (Annually)   6-Month WIBOR (Semiannually)   6/15/2032   PLN   7,200,000   133,508   88,514   44,994
3-Month JIBAR (Quarterly)   8.00% (Quarterly)   6/15/2032   ZAR   19,625,000   (5,339)   (21,970)   16,631
5.00% (Annually)   6-Month BUBOR (Semiannually)   6/15/2032   HUF   495,155,499   94,883   80,100   14,783
5.80% (Semiannually)   1-Day CLP-TNA (Semiannually)   6/15/2032   CLP   635,170,000   10,993   —   10,993
1.85% (Annually)   1-Day SOFR (Annually)   2/9/2033   USD   6,530,000   175,865   4,374   171,491
1-Day SOFR (Annually)   1.75% (Annually)   3/16/2052   USD   480,000   22,638   (7,810)   30,448
Subtotal Appreciation                   $6,276,651   $3,708,345   $2,568,306
198
Pay Rate Index/Pay Rate   Receive
Rate/Receive
Rate Index 		  Maturity
Date 		  Currency   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swaps                        
3-Month New Zealand BBR FRA (Quarterly)   1.25% (Semiannually)   12/15/2022   NZD   3,850,000   $(13,942)   $(4,266)   $(9,676)
1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   10.57% (Upon termination)   1/2/2023   BRL   1,667,474   (3,346)   —   (3,346)
7.20% (Upon termination)   1-Day Brazil Cetip DI Interbank Deposit Rate (Upon termination)   1/2/2023   BRL   4,961,331   (44,559)   487   (45,046)
3-Month ASX BBSW (Quarterly)   2.48% (Quarterly)   3/14/2024   AUD   6,520,000   (30,974)   —   (30,974)
1-Day SONIA (Annually)   0.25% (Annually)   3/16/2024   GBP   3,900,000   (172,396)   (170,482)   (1,914)
2.25% (Quarterly)   7-Day CFETS Repo Rate (Quarterly)   3/16/2024   CNY   17,480,000   888   8,600   (7,712)
3-Month KWCDC (Quarterly)   1.50% (Quarterly)   3/16/2024   KRW   3,852,360,000   (64,268)   (48,104)   (16,164)
3-Month New Zealand BBR FRA (Quarterly)   2.75% (Semiannually)   3/16/2024   NZD   24,140,000   (156,815)   52,420   (209,235)
3-Month STIBOR (Quarterly)   0.50% (Annually)   3/16/2024   SEK   131,810,000   (225,713)   (189,238)   (36,475)
6-Month EURIBOR (Semiannually)   (0.50)% (Annually)   3/16/2024   EUR   190,000   (4,129)   (3,238)   (891)
3-Month CDOR (Semiannually)   2.50% (Semiannually)   3/22/2024   CAD   11,590,000   (35,648)   (9,767)   (25,881)
2.00% (Annually)   1-Day SONIA (Annually)   6/15/2024   GBP   2,540,000   9,393   10,287   (894)
4.75% (Annually)   6-Month WIBOR (Semiannually)   6/15/2024   PLN   44,177,895   206,512   239,972   (33,460)
6.10% (Quarterly)   3-Month JIBAR (Quarterly)   6/15/2024   ZAR   62,236,658   17,299   20,405   (3,106)
7.70% (Semiannually)   1-Day CLP-TNA (Semiannually)   6/15/2024   CLP   2,137,910,000   (42,735)   (1,048)   (41,687)
7-Day CFETS Repo Rate (Quarterly)   2.25% (Quarterly)   6/15/2024   CNY   27,580,000   (372)   11,172   (11,544)
8.65% (Quarterly)   1-Day COP-IBR-OIS (Quarterly)   6/15/2024   COP   8,567,200,000   (3,031)   227   (3,258)
1-Month LIBOR + .09% (Quarterly)   3-Month LIBOR (Quarterly)   7/25/2024   USD   68,000,000   20,127   22,829   (2,702)
3-Month CDOR (Semiannually)   2.07% (Semiannually)   12/18/2025   CAD   10,740,000   (139,805)   (41,470)   (98,335)
1-Day MIBOR (Semiannually)   5.50% (Semiannually)   9/15/2026   INR   170,050,000   (29,887)   (7,803)   (22,084)
(0.25)% (Annually)   Swiss Average Overnight Rate (Annually)   3/16/2027   CHF   1,620,000   66,699   70,866   (4,167)
0.75% (Annually)   3-Month STIBOR (Quarterly)   3/16/2027   SEK   91,020,000   (487,648)   (99,677)   (387,971)
3-Month New Zealand BBR FRA (Quarterly)   2.75% (Semiannually)   3/16/2027   NZD   9,540,000   (192,016)   (7,315)   (184,701)
5.50% (Semiannually)   1-Day MIBOR (Semiannually)   3/16/2027   INR   451,570,000   111,412   120,994   (9,582)
6-Month ASX BBSW (Semiannually)   1.25% (Semiannually)   3/16/2027   AUD   18,770,000   (1,097,952)   (587,822)   (510,130)
6-Month EURIBOR (Semiannually)   (0.25)% (Annually)   3/16/2027   EUR   2,620,000   (172,611)   (107,623)   (64,988)
1-Day SOFR (Annually)   1.81% (Annually)   2/9/2028   USD   12,500,000   (272,680)   (6,504)   (266,176)
1.31% (Annually)   6-Month EURIBOR (Semiannually)   3/30/2029   EUR   9,750,000   (1,722)   22,121   (23,843)
1-Day SONIA (Annually)   0.31% (Annually)   6/17/2030   GBP   10,000   (1,368)   307   (1,675)
0.25% (Annually)   Swiss Average Overnight Rate (Annually)   3/16/2032   CHF   7,930,000   (517,911)   (276,329)   (241,582)
3-Month CDOR (Semiannually)   2.00% (Semiannually)   3/16/2032   CAD   7,050,000   (423,120)   (292,036)   (131,084)
6-Month ASX BBSW (Semiannually)   2.00% (Semiannually)   3/16/2032   AUD   2,280,000   (158,790)   (7,511)   (151,279)
6-Month EURIBOR (Semiannually)   0.25% (Annually)   3/16/2032   EUR   3,545,000   (348,356)   (242,920)   (105,436)
6-Month NIBOR (Semiannually)   2.00% (Annually)   3/16/2032   NOK   45,330,000   (341,158)   (77,976)   (263,182)
Bank of Japan Unsecured Overnight Call Rate (Annually)   0.00% (Annually)   3/16/2032   JPY   16,610,000   (3,469)   —   (3,469)
0.50% (Annually)   6-Month EURIBOR (Semiannually)   3/17/2032   EUR   11,960,000   (562,187)   (342,525)   (219,662)
3-Month STIBOR (Quarterly)   1.00% (Annually)   3/17/2032   SEK   14,580,000   (68,588)   (37,397)   (31,191)
Swiss Average Overnight Rate (Annually)   0.50% (Annually)   3/17/2032   CHF   4,870,000   (187,200)   (80,493)   (106,707)
3-Month KWCDC (Quarterly)   2.50% (Quarterly)   6/15/2032   KRW   2,637,040,000   (35,278)   19,017   (54,295)
3-Month TELBOR (Quarterly)   1.75% (Annually)   6/15/2032   ILS   8,200,000   (83,586)   (10,696)   (72,890)
8.30% (Quarterly)   1-Day COP-IBR-OIS (Quarterly)   6/15/2032   COP   4,499,130,000   (41,504)   858   (42,362)
3-Month CDOR (Semiannually)   2.10% (Semiannually)   12/18/2033   CAD   2,410,000   (141,298)   9,800   (151,098)
1-Day SONIA (Annually)   0.40% (Annually)   6/17/2040   GBP   10,000   (2,319)   512   (2,831)
2.25% (Semiannually)   3-Month CDOR (Semiannually)   12/15/2051   CAD   730,000   (70,556)   (29,497)   (41,059)
Subtotal Depreciation                   $(5,746,607)   $(2,070,863)   $(3,675,744)
Net Centrally Cleared Interest Rate Swaps outstanding at March 31, 2022   $530,044   $1,637,482   $(1,107,438)
199
STRATEGIC ALTERNATIVES FUND
SCHEDULE OF INVESTMENTS (Continued)
Total Return Basket Swap Agreements outstanding at March 31, 2022:
Description   Maturity
Date 		  Counterparty   Notional
Amount 		  Market Value   Upfront
Premiums
Paid/
(Received) 		  Unrealized
Appreciation
(Depreciation)
The Fund receives the total return on a portfolio of long and short equity positions and pays or receives the USFFE, OBFR1 or 1-Month Libor or minus a specified spread (-9.96% to 0.15%), which is denominated in USD based on the local currencies of the positions within the swap (Monthly).*   50-61 months maturity ranging from 05/26/2026 - 04/02/2027  
GSC
  $183,303,906   $(2,087,152)   $—   $(2,087,152)
    
*The following table represents disclosures associated with the underlying components of the total return basket swap as of period end.
    
Common Stocks   Shares   Notional   Unrealized
Appreciation
(Depreciation) 		  Percentage of
Swap Value
TJX Cos., Inc. (The)   (21,503)   $1,302,652   $13,117   (0.63)%
Microsoft Corporation   3,416   1,053,187   67,381   (3.23)
General Electric Co.   (10,602)   970,083   (3,578)   0.17
Ingersoll-Rand, Inc.   (18,533)   933,137   (33,353)   1.60
Facebook, Inc. Class A   3,823   850,082   90,970   (4.36)
Aramark   (22,556)   848,106   (60,654)   2.91
Alphabet, Inc. Class A   303   842,749   34,038   (1.63)
Fortive Corporation   (13,660)   832,304   (35,475)   1.70
Ventas, Inc. REIT   (13,115)   809,982   (63,608)   3.05
Adobe, Inc.   1,723   785,033   8,015   (0.38)
LPL Financial Holdings, Inc.   (4,188)   765,064   (118,789)   5.69
Marvell Technology, Inc.   (10,549)   756,469   (54,428)   2.61
Graphic Packaging Holding Co.   (37,320)   747,893   (42,244)   2.02
EOG Resources, Inc.   6,163   734,815   35,910   (1.72)
Sirius XM Holdings, Inc.   108,341   717,217   43,189   (2.07)
NVIDIA Corporation   (2,617)   714,075   (112,001)   5.37
Signature Bank   (2,339)   686,473   30,430   (1.46)
Boeing Co. (The)   (3,475)   665,463   (44,951)   2.15
Honeywell International, Inc.   (3,398)   661,183   (34,587)   1.66
Public Service Enterprise Group, Inc.   (9,338)   653,660   (44,070)   2.11
Lockheed Martin Corporation   1,470   648,858   (6,788)   0.33
Jabil, Inc.   (10,462)   645,819   (63,492)   3.04
Micron Technology, Inc.   (8,259)   643,294   12,806   (0.61)
LKQ Corporation   (14,042)   637,647   (6,527)   0.31
Northern Trust Corporation   (5,425)   631,741   (49,455)   2.37
Incyte Corporation   7,870   625,035   58,182   (2.79)
Nordson Corporation   2,738   621,745   12,544   (0.60)
Webster Financial Corporation   (11,044)   619,789   (16,233)   0.78
Synchrony Financial   (17,753)   617,982   32,173   (1.54)
Grand Canyon Education, Inc.   6,176   599,751   27,050   (1.30)
Hershey Co. (The)   2,710   587,067   34,422   (1.65)
National Retail Properties, Inc. REIT   12,877   578,692   22,800   (1.09)
Robert Half International, Inc.   4,951   565,305   11,672   (0.56)
Gentex Corporation   19,329   563,827   10,510   (0.50)
Old Dominion Freight Line, Inc.   1,885   563,012   (14,999)   0.72
CMS Energy Corporation   8,038   562,178   37,825   (1.81)
Alcoa Corporation   (6,196)   557,826   (65,870)   3.16
3M Co.   3,717   553,387   12,817   (0.61)
East West Bancorp, Inc.   6,903   545,475   11,786   (0.56)
Prologis, Inc. REIT   (3,377)   545,318   (39,802)   1.91
Nexstar Media Group, Inc. Class A   2,892   545,084   12,684   (0.61)
200
Common Stocks   Shares   Notional   Unrealized
Appreciation
(Depreciation) 		  Percentage of
Swap Value
Targa Resources Corporation   7,128   $537,950   $50,827   (2.44)%
NextEra Energy, Inc.   (6,307)   534,266   (30,348)   1.45
Morgan Stanley   6,103   533,402   (116)   0.01
Cheniere Energy, Inc.   (3,832)   531,307   (17,739)   0.85
Chemed Corporation   1,043   528,332   32,892   (1.58)
Illumina, Inc.   (1,478)   516,413   (36,491)   1.75
Citrix Systems, Inc.   (5,102)   514,792   1,453   (0.07)
Visa, Inc. Class A   2,291   508,075   50,325   (2.41)
Western Alliance Bancorp   6,063   502,138   (11,328)   0.54
Other   (632,109)   149,808,772   (1,836,044)   87.95
        $183,303,906   $(2,087,152)   100.00%
For the Fund’s Valuation Hierarchy (a summary of the inputs used in valuing the Fund’s investments carried at fair value) at December 31, 2021, see Notes to Financial Statements in the Fund’s Annual Report.
201
See the Notes to Schedules of Investments in the December 31, 2021 GuideStone Funds' Annual Report to shareholders for more information. The Notes also contain Derivative Holdings Categorized by Risk Exposure by Fund as of December 31, 2021, the average balance of derivative holdings by Fund during the period ended December 31, 2021, and the market values of loaned securities and collateral received for each of the Select Funds.
202