| Principal Amount | Value | |
| COLLATERALIZED MORTGAGE OBLIGATIONS — 86.2% | ||
| $1,000,000 | AGL Core CLO IV Ltd. Series 2020-4A, 5.649%, (3-Month Term SOFR+138 basis points), 10/20/20371,2,3 | $1,004,610 |
| 450,000 | Allegro CLO XIV Ltd. Series 2021-2A, 5.678%, (3-Month Term SOFR+142.16 basis points), 10/15/20341,2,3 | 450,891 |
| 15,491 | AMMC CLO XVIII Ltd. Series 2016-18A, 5.691%, (3-Month Term SOFR+136.16 basis points), 5/26/20311,2,3 | 15,509 |
| 2,000,000 | AMMC CLO XXXI Ltd. Series 2025-31A, 5.598%, (3-Month Term SOFR+131 basis points), 2/20/20381,2,3 | 2,004,938 |
| 250,000 | Bain Capital Credit CLO Ltd. Series 2023-3A, 6.075%, (3-Month Term SOFR+180 basis points), 7/24/20361,2,3 | 250,845 |
| 875,000 | Battalion CLO X Ltd. Series 2016-10A, 5.707%, (3-Month Term SOFR+143.16 basis points), 1/25/20351,2,3 | 877,350 |
| 470,000 | BlueMountain CLO XXIV Ltd. Series 2019-24A, 5.631%, (3-Month Term SOFR+136.16 basis points), 4/20/20341,2,3 | 471,470 |
| 1,400,000 | BlueMountain CLO XXV Ltd. Series 2019-25A, 5.606%, (3-Month Term SOFR+135 basis points), 1/15/20381,2,3 | 1,404,873 |
| 1,000,000 | Carval CLO VIII-C Ltd. Series 2022-2A, 5.692%, (3-Month Term SOFR+142 basis points), 10/22/20371,2,3 | 1,004,615 |
| 1,000,000 | CarVal CLO XI-C Ltd. Series 2024-3A, 5.659%, (3-Month Term SOFR+139 basis points), 10/20/20371,2,3 | 1,004,465 |
| 250,000 | CBAM Ltd. Series 2017-2A, 5.731%, (3-Month Term SOFR+145.16 basis points), 7/17/20341,2,3 | 250,423 |
| 1,000,000 | Cedar Funding IX CLO Ltd. Series 2018-9A, 5.689%, (3-Month Term SOFR+142 basis points), 7/20/20371,2,3 | 1,004,372 |
| 1,000,000 | CIFC Funding Ltd. Series 2019-6A, 5.711%, (3-Month Term SOFR+145 basis points), 7/16/20371,2,3 | 1,004,040 |
| 665,000 | Dryden CLO Ltd. Series 2021-87A, 5.684%, (3-Month Term SOFR+136.16 basis points), 5/20/20341,2,3 | 667,175 |
| 500,000 | Eaton Vance CLO Ltd. Series 2013-1A, 5.768%, (3-Month Term SOFR+151.16 basis points), 1/15/20341,2,3 | 501,444 |
| Principal Amount | Value | |
| COLLATERALIZED MORTGAGE OBLIGATIONS (Continued) | ||
| $2,000,000 | Fortress Credit BSL XXVI Ltd. Series 2024-4A, 5.715%, (3-Month Term SOFR+140 basis points), 1/15/20381,2,3 | $2,007,268 |
| 1,000,000 | Generate CLO IX Ltd. Series 9A, 5.619%, (3-Month Term SOFR+135 basis points), 1/20/20381,2,3 | 1,003,497 |
| 1,000,000 | Harvest U.S. CLO Ltd. Series 2024-2A, 5.656%, (3-Month Term SOFR+140 basis points), 10/15/20371,2,3 | 1,004,319 |
| 400,000 | Invesco U.S. CLO Ltd. Series 2023-3A, 6.056%, (3-Month Term SOFR+180 basis points), 7/15/20361,2,3 | 400,815 |
| 1,500,000 | LCM XL Ltd. Series 40A, 5.626%, (3-Month Term SOFR+137 basis points), 1/15/20381,2,3 | 1,506,340 |
| 38,300 | LCM XVIII LP Series 18A, 5.551%, (3-Month Term SOFR+128.16 basis points), 4/20/20311,2,3 | 38,322 |
| 900,000 | LCM XXXII Ltd. Series 32A, 5.641%, (3-Month Term SOFR+137.16 basis points), 7/20/20341,2,3 | 901,549 |
| 1,000,000 | Marble Point CLO XXIII Ltd. Series 2021-4A, 5.744%, (3-Month Term SOFR+147.16 basis points), 1/22/20351,2,3 | 1,001,514 |
| 750,000 | MP CLO VIII Ltd. Series 2015-2A, 5.744%, (3-Month Term SOFR+146.16 basis points), 4/28/20341,2,3 | 751,457 |
| 1,000,000 | Neuberger Berman Loan Advisers CLO XXXIX Ltd. Series 2020-39A, 5.799%, (3-Month Term SOFR+153 basis points), 4/20/20381,2,3 | 1,004,126 |
| 1,000,000 | Octagon Investment Partners XLVII Ltd. Series 2020-1A, 5.552%, (3-Month Term SOFR+128 basis points), 1/22/20381,2,3 | 1,002,790 |
| 1,000,000 | Octagon Investment Partners XXIX Ltd. Series 2016-1A, 5.689%, (3-Month Term SOFR+142 basis points), 7/18/20371,2,3 | 1,003,750 |
| 1,250,000 | Recette CLO Ltd. Series 2015-1A, 5.611%, (3-Month Term SOFR+134.16 basis points), 4/20/20341,2,3 | 1,253,625 |
| 900,000 | Regatta VI Funding Ltd. Series 2016-1A, 5.691%, (3-Month Term SOFR+142.16 basis points), 4/20/20341,2,3 | 902,885 |
| Rockford Tower CLO Ltd. | ||
| 300,000 | Series 2021-1A, 5.701%, (3-Month Term SOFR+143.16 basis points), 7/20/20341,2,3 | 300,695 |
| 1,000,000 | Series 2024-1A, 5.879%, (3-Month Term SOFR+161 basis points), 4/20/20371,2,3 | 1,004,330 |
| Principal Amount | Value | |
| COLLATERALIZED MORTGAGE OBLIGATIONS (Continued) | ||
| $107,418 | Shackleton CLO Ltd. Series 2013-4RA, 5.503%, (3-Month Term SOFR+126.16 basis points), 4/13/20311,2,3 | $107,533 |
| 1,500,000 | Silver Point CLO VII Ltd. Series 2024-7A, 5.645%, (3-Month Term SOFR+136 basis points), 1/15/20381,2,3 | 1,505,155 |
| 1,000,000 | Sound Point CLO XXIII Series 2019-2A, 5.688%, (3-Month Term SOFR+143.16 basis points), 7/15/20341,2,3 | 1,002,060 |
| 307,000 | Symphony CLO XXXII Ltd. Series 2022-32A, 5.599%, (3-Month Term SOFR+132 basis points), 4/23/20351,2,3 | 308,168 |
| 800,000 | Symphony CLO XXXV Ltd. Series 2022-35A, 5.975%, (3-Month Term SOFR+170 basis points), 10/24/20361,2,3 | 803,384 |
| 1,500,000 | Trinitas CLO XXX Ltd. Series 2024-30A, 5.649%, (3-Month Term SOFR+137 basis points), 10/23/20371,2,3 | 1,506,401 |
| 1,000,000 | Venture XLVI CLO Ltd. Series 2022-46A, 5.719%, (3-Month Term SOFR+145 basis points), 10/20/20371,2,3 | 1,004,612 |
| 176,442 | Vibrant CLO XI Ltd. Series 2019-11A, 5.651%, (3-Month Term SOFR+138.16 basis points), 7/20/20321,2,3 | 176,751 |
| 750,000 | Voya CLO Ltd. Series 2022-3A, 5.969%, (3-Month Term SOFR+170 basis points), 10/20/20361,2,3 | 753,122 |
| Wellfleet CLO Ltd. | ||
| 375,000 | Series 2021-2A, 5.718%, (3-Month Term SOFR+146.16 basis points), 7/15/20341,2,3 | 375,543 |
| 500,000 | Series 2021-3A, 5.708%, (3-Month Term SOFR+145.16 basis points), 1/15/20351,2,3 | 501,351 |
| 1,000,000 | Series 2024-1A, 5.859%, (3-Month Term SOFR+159 basis points), 7/18/20371,2,3 | 1,005,028 |
| Principal Amount | Value | |
| COLLATERALIZED MORTGAGE OBLIGATIONS (Continued) | ||
| $500,000 | WISE CLO Ltd. Series 2023-2A, 6.056%, (3-Month Term SOFR+180 basis points), 1/15/20371,2,3 | $502,243 |
| TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS | ||
| (Cost $36,526,661) | 36,555,653 | |
| TOTAL INVESTMENTS — 86.2% | ||
| (Cost $36,526,661) | 36,555,653 | |
| Other Assets in Excess of Liabilities — 13.8% | 5,855,607 | |
| TOTAL NET ASSETS — 100.0% | $42,411,260 |
| LP – Limited Partnership |
| 1Callable. |
| 2Floating rate security. |
| 3Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $36,555,653, which represents 86.19% of total net assets of the Fund. |