Schedule
of
Investments
California
Municipal
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
1
INVESTMENT
COMPANIES
-
0
.01
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.01
%
Invesco
California
AMT-Free
Municipal
Bond
ETF
500‌
$
12‌
iShares
California
Muni
Bond
ETF
702‌
41‌
$
53‌
TOTAL
INVESTMENT
COMPANIES
$
53‌
COMMON
STOCKS
-
0
.00
%
Shares
Held
Value
(000's)
Transportation
-
0
.00
%
BL
Train
Holdings
West
LLC
-
Warrants
(a),(b)
72,088‌
$
—‌
TOTAL
COMMON
STOCKS
$
—‌
MUNICIPAL
BONDS
-
102
.46
%
Principal
Amount
(000's)
Value
(000's)
California
-
97
.03
%
Alameda
Community
Improvement
Commission
Successor
Agency
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
09/01/2031
(c)
$
1,000‌
$
1,004‌
Alameda
Corridor
Transportation
Authority
0.00%,
10/01/2047
(a)
1,750‌
1,022‌
5.00%,
10/01/2035
5,270‌
5,337‌
Alameda
Corridor
Transportation
Authority
(credit
support
from
Assured
Guaranty
)
5.00%,
10/01/2043
(c)
1,000‌
1,083‌
Alameda
Unified
School
District-Alameda
County/
CA
5.00%,
08/01/2032
1,795‌
1,797‌
Anaheim
Housing
&
Public
Improvements
Authority
2.70%,
10/01/2054
(d)
100‌
100‌
Bay
Area
Toll
Authority
5.00%,
04/01/2042
1,000‌
1,100‌
5.00%,
04/01/2043
1,000‌
1,087‌
Beverly
Hills
Unified
School
District
CA
3.00%,
08/01/2044
2,230‌
1,867‌
Burbank-Glendale-Pasadena
Airport
Authority
Brick
Campaign
5.25%,
07/01/2040
1,435‌
1,604‌
California
Community
Choice
Financing
Authority
4.00%,
05/01/2053
(d)
3,150‌
3,209‌
5.00%,
02/01/2054
(d)
5,000‌
5,341‌
5.00%,
02/01/2055
(d)
5,000‌
5,361‌
5.00%,
02/01/2055
(d)
5,000‌
5,405‌
5.00%,
04/01/2056
(d)
3,500‌
3,808‌
California
County
Tobacco
Securitization
Agency
4.00%,
06/01/2049
1,630‌
1,432‌
California
Educational
Facilities
Authority
5.00%,
10/01/2036
1,000‌
1,002‌
5.00%,
06/01/2043
4,645‌
5,519‌
5.00%,
05/01/2045
9,550‌
11,038‌
5.00%,
10/01/2045
1,000‌
1,001‌
5.00%,
05/01/2049
2,000‌
2,256‌
5.00%,
04/01/2051
10,100‌
11,342‌
5.00%,
03/01/2055
(d)
1,800‌
2,196‌
5.25%,
04/01/2040
2,825‌
3,568‌
California
Health
Facilities
Financing
Authority
5.00%,
08/15/2031
2,700‌
2,738‌
5.00%,
12/01/2035
1,500‌
1,714‌
5.00%,
06/01/2041
(d)
10,000‌
10,989‌
5.00%,
11/01/2047
5,900‌
6,532‌
5.00%,
11/15/2048
2,785‌
2,807‌
5.00%,
12/01/2054
2,000‌
2,054‌
5.25%,
12/01/2044
4,905‌
5,182‌
California
Housing
Finance
Agency
3.50%,
11/20/2035
9,150‌
9,137‌
4.25%,
01/15/2035
7,486‌
7,818‌
California
Housing
Finance
Agency
(credit
support
from
Federal
Home
Loan
Mortgage
Corporation
Collateral
)
3.75%,
03/25/2035
(c)
11,912‌
12,191‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
California
Housing
Finance
Agency
(credit
support
from
Section
542(c)
Housing
Finance
Agency
Risk
Sharing
Program
)
4.75%,
08/01/2045
(c)
$
4,755‌
$
4,908‌
California
Infrastructure
&
Economic
Development
Bank
5.00%,
08/01/2038
1,175‌
1,250‌
5.00%,
08/01/2039
1,130‌
1,198‌
12.00%,
01/01/2065
(d),(e)
8,655‌
6,491‌
California
Municipal
Finance
Authority
2.40%,
10/01/2044
(d)
4,000‌
3,898‌
3.44%,
02/20/2041
(d)
4,602‌
4,350‌
4.00%,
07/15/2029
8,465‌
8,538‌
4.00%,
10/01/2039
2,150‌
2,153‌
4.38%,
09/01/2053
(d)
1,700‌
1,764‌
5.00%,
05/15/2033
1,000‌
1,050‌
5.00%,
05/15/2034
1,000‌
1,047‌
5.00%,
12/31/2034
7,550‌
7,786‌
5.00%,
11/01/2035
(e)
1,750‌
1,871‌
5.00%,
12/31/2036
8,000‌
8,202‌
5.00%,
05/15/2038
2,000‌
2,070‌
5.00%,
04/01/2054
3,480‌
3,511‌
5.25%,
11/01/2036
2,100‌
2,115‌
5.38%,
11/01/2045
(e)
3,245‌
3,314‌
California
Municipal
Finance
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
05/15/2043
(c)
600‌
618‌
5.00%,
05/15/2044
(c)
5,000‌
5,130‌
California
Municipal
Finance
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
5.00%,
05/15/2031
(c)
10,000‌
10,636‌
California
Municipal
Finance
Authority
(credit
support
from
Fannie
Mae
Collateral
)
4.45%,
12/01/2042
(c)
6,465‌
6,616‌
California
Pollution
Control
Financing
Authority
2.80%,
03/01/2042
(d)
1,000‌
1,000‌
4.25%,
12/01/2027
(d)
1,200‌
1,223‌
5.00%,
07/01/2029
(e)
1,000‌
1,037‌
5.00%,
07/01/2029
(e)
1,000‌
1,060‌
5.00%,
07/01/2030
(e)
2,000‌
2,013‌
5.00%,
07/01/2030
(e)
565‌
608‌
5.00%,
07/01/2031
(e)
1,000‌
1,089‌
5.00%,
07/01/2037
(e)
12,500‌
12,550‌
5.00%,
07/01/2039
(e)
8,500‌
8,777‌
5.00%,
11/21/2045
(e)
2,500‌
2,537‌
California
Public
Finance
Authority
4.00%,
08/01/2047
1,325‌
1,233‌
6.50%,
06/01/2054
(e)
17,120‌
16,752‌
California
School
Finance
Authority
5.00%,
07/01/2035
(e)
1,925‌
1,927‌
5.00%,
08/01/2038
(e)
1,000‌
1,021‌
California
State
University
5.00%,
11/01/2037
2,000‌
2,056‌
California
Statewide
Communities
Development
Authority
3.00%,
06/01/2029
(e)
550‌
538‌
4.00%,
09/02/2029
815‌
830‌
5.00%,
11/01/2032
(e)
1,135‌
1,157‌
5.00%,
06/01/2034
(e)
375‌
388‌
5.00%,
09/02/2034
1,000‌
1,048‌
5.00%,
12/01/2036
(e)
7,000‌
7,031‌
5.00%,
09/02/2038
3,000‌
3,098‌
5.00%,
06/01/2039
(e)
475‌
482‌
5.00%,
09/02/2039
900‌
943‌
5.00%,
09/02/2039
945‌
983‌
5.00%,
05/15/2040
3,500‌
3,511‌
Schedule
of
Investments
California
Municipal
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
2
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
California
Statewide
Communities
Development
Authority  
(continued)
5.00%,
09/02/2040
$
1,000‌
$
1,041‌
5.00%,
12/01/2041
(e)
4,040‌
4,052‌
5.00%,
09/02/2044
1,425‌
1,434‌
5.00%,
09/02/2048
940‌
946‌
5.00%,
06/01/2051
(e)
1,950‌
1,841‌
5.25%,
12/01/2034
3,500‌
3,504‌
5.25%,
12/01/2038
(e)
1,000‌
1,032‌
5.25%,
12/01/2043
(e)
3,825‌
3,898‌
5.25%,
12/01/2044
1,370‌
1,496‌
California
Statewide
Communities
Development
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
4.00%,
05/15/2036
(c)
3,000‌
3,096‌
California
Statewide
Financing
Authority
6.00%,
05/01/2043
2,050‌
2,055‌
6.00%,
05/01/2043
1,550‌
1,585‌
Chino
Valley
Unified
School
District
5.00%,
08/01/2055
(f)
6,570‌
6,762‌
City
of
Compton
CA
Water
Revenue
6.00%,
08/01/2039
1,250‌
1,290‌
City
of
Irvine
CA
4.00%,
09/02/2038
1,000‌
1,014‌
City
of
Long
Beach
CA
Airport
System
Revenue
(credit
support
from
Assured
Guaranty
)
5.25%,
06/01/2047
(c)
3,600‌
3,716‌
City
of
Los
Angeles
Department
of
Airports
3.25%,
05/15/2049
720‌
538‌
5.00%,
05/15/2026
415‌
418‌
5.00%,
05/15/2028
(f)
2,760‌
2,908‌
5.00%,
05/15/2029
1,875‌
2,018‌
5.00%,
05/15/2035
835‌
971‌
5.00%,
05/15/2036
5,000‌
5,286‌
5.00%,
05/15/2037
(f)
4,225‌
4,606‌
5.00%,
05/15/2042
(f)
3,500‌
3,541‌
5.00%,
05/15/2044
(f)
3,100‌
3,133‌
5.00%,
05/15/2044
(f)
4,090‌
4,180‌
5.50%,
05/15/2040
(f)
5,000‌
5,515‌
Coachella
Valley
Unified
School
District/CA
(credit
support
from
Assured
Guaranty
)
0.00%,
08/01/2039
(a),(c)
4,000‌
2,441‌
Compton
Public
Finance
Authority
4.50%,
09/01/2032
(e)
8,000‌
8,003‌
County
of
Sacramento
CA
Airport
System
Revenue
5.00%,
07/01/2037
2,000‌
2,071‌
5.25%,
07/01/2054
10,000‌
10,639‌
East
Bay
Municipal
Utility
District
Water
System
Revenue
3.00%,
06/01/2037
10‌
10‌
Escondido
Union
High
School
District
0.00%,
08/01/2041
(a)
1,000‌
546‌
Foothill-Eastern
Transportation
Corridor
Agency
4.00%,
01/15/2046
6,000‌
5,677‌
Golden
State
Tobacco
Securitization
Corp
5.00%,
06/01/2026
1,000‌
1,010‌
5.00%,
06/01/2028
5,000‌
5,195‌
5.00%,
06/01/2051
10,630‌
10,434‌
Indio
Redevelopment
Agency
Successor
Agency
5.63%,
08/15/2035
295‌
296‌
Inland
Valley
Development
Agency
5.25%,
09/01/2037
1,000‌
1,010‌
La
Verne
Public
Financing
Authority
7.25%,
09/01/2026
105‌
105‌
Long
Beach
Bond
Finance
Authority
5.00%,
11/15/2035
3,485‌
4,016‌
5.50%,
11/15/2032
1,010‌
1,172‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
Los
Angeles
County
Metropolitan
Transportation
Authority
Sales
Tax
Revenue
5.00%,
07/01/2038
$
1,695‌
$
1,900‌
5.00%,
07/01/2038
960‌
1,114‌
Los
Angeles
County
Public
Works
Financing
Authority
5.00%,
12/01/2033
2,000‌
2,006‌
5.50%,
12/01/2054
10,000‌
10,967‌
Los
Angeles
Department
of
Water
&
Power
5.00%,
07/01/2029
520‌
566‌
5.00%,
07/01/2042
2,180‌
2,374‌
5.00%,
07/01/2043
(f)
5,000‌
5,306‌
Los
Angeles
Department
of
Water
&
Power
Water
System
Revenue
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
07/01/2036
(c)
8,700‌
10,197‌
Los
Angeles
Unified
School
District/CA
5.00%,
07/01/2033
2,000‌
2,402‌
5.25%,
07/01/2042
2,000‌
2,083‌
Merced
Union
High
School
District
0.00%,
08/01/2032
(a)
3,380‌
2,842‌
Metropolitan
Water
District
of
Southern
California
5.00%,
07/01/2040
5,000‌
5,434‌
5.00%,
04/01/2054
1,000‌
1,055‌
M-S-R
Energy
Authority
6.13%,
11/01/2029
1,325‌
1,407‌
6.13%,
11/01/2029
1,580‌
1,677‌
Norco
Community
Redevelopment
Agency
Successor
Agency
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
03/01/2032
(c)
895‌
897‌
Norman
Y
Mineta
San
Jose
International
Airport
SJC
5.00%,
03/01/2047
6,000‌
6,005‌
Nuveen
California
AMT-Free
Quality
Municipal
Income
Fund
2.73%,
10/01/2047
(d),(e)
200‌
200‌
Pasadena
Unified
School
District
5.25%,
08/01/2047
2,250‌
2,477‌
Port
Commission
of
the
City
&
County
of
San
Francisco
4.00%,
03/01/2035
1,000‌
1,001‌
Port
of
Los
Angeles
5.00%,
08/01/2033
500‌
576‌
5.00%,
08/01/2034
3,465‌
4,028‌
5.00%,
08/01/2036
500‌
569‌
Poway
Unified
School
District
0.00%,
08/01/2036
(a)
4,000‌
2,867‌
Rialto
Redevelopment
Agency
5.00%,
09/01/2037
1,000‌
1,051‌
Richmond
Joint
Powers
Financing
Authority
(credit
support
from
Assured
Guaranty
)
5.00%,
11/01/2035
(c)
1,180‌
1,280‌
5.00%,
11/01/2037
(c)
3,660‌
3,928‌
Riverside
County
Transportation
Commission
4.00%,
06/01/2037
1,875‌
1,919‌
4.00%,
06/01/2046
3,460‌
3,137‌
Sacramento
Area
Flood
Control
Agency
5.00%,
10/01/2033
2,000‌
2,036‌
Sacramento
City
Unified
School
District/CA
(credit
support
from
Assured
Guaranty
)
5.00%,
08/01/2054
(c)
8,000‌
8,345‌
Sacramento
Municipal
Utility
District
5.00%,
11/15/2054
1,000‌
1,052‌
San
Diego
Association
of
Governments
South
Bay
Expressway
Revenue
5.00%,
07/01/2036
1,500‌
1,547‌
5.00%,
07/01/2037
2,300‌
2,369‌
Schedule
of
Investments
California
Municipal
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
3
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
San
Diego
County
Regional
Airport
Authority
4.00%,
07/01/2038
$
10,815‌
$
11,093‌
5.00%,
07/01/2039
2,000‌
2,136‌
5.00%,
07/01/2042
1,345‌
1,363‌
5.25%,
07/01/2042
2,745‌
3,062‌
San
Diego
Housing
Authority
Inc
(credit
support
from
Federal
Home
Loan
Mortgage
Corporation
Collateral
HUD
Section
8
)
4.20%,
06/01/2040
(c)
3,260‌
3,320‌
San
Francisco
Bay
Area
Rapid
Transit
District
Sales
Tax
Revenue
4.00%,
07/01/2039
2,075‌
2,089‌
San
Francisco
City
&
County
Airport
Comm-San
Francisco
International
Airport
1.40%,
05/01/2058
(d)
1,400‌
1,400‌
5.00%,
05/01/2035
1,000‌
1,062‌
5.00%,
05/01/2036
3,000‌
3,174‌
5.25%,
05/01/2049
3,500‌
3,656‌
5.50%,
05/01/2043
4,000‌
4,394‌
5.50%,
05/01/2055
10,000‌
10,597‌
San
Joaquin
Valley
Clean
Energy
Authority
5.50%,
01/01/2056
(d)
9,050‌
10,173‌
San
Luis
Obispo
County
Financing
Authority
(credit
support
from
Assured
Guaranty
)
5.00%,
08/01/2030
(c)
1,000‌
1,002‌
San
Ramon
Valley
Fire
Protection
District
4.00%,
08/01/2050
680‌
631‌
Santa
Monica-Malibu
Unified
School
District
4.00%,
08/01/2041
2,340‌
2,376‌
4.00%,
08/01/2042
2,000‌
2,068‌
5.00%,
07/01/2035
(g)
1,000‌
1,210‌
5.00%,
08/01/2054
5,000‌
5,258‌
Southern
California
Public
Power
Authority
5.00%,
11/01/2029
4,725‌
5,068‌
5.00%,
07/01/2049
1,000‌
1,040‌
5.00%,
07/01/2053
1,000‌
1,032‌
State
of
California
5.00%,
09/01/2028
5‌
5‌
5.00%,
03/01/2035
5,000‌
6,059‌
5.00%,
03/01/2038
2,000‌
2,344‌
5.00%,
09/01/2043
6,000‌
6,597‌
5.00%,
08/01/2045
9,500‌
10,407‌
State
of
California
(credit
support
from
Assured
Guaranty
)
5.25%,
08/01/2032
(c)
5,000‌
5,780‌
Tender
Option
Bond
Trust
Receipts/Certificates
2.36%,
10/01/2049
(d),(e)
290‌
290‌
2.90%,
12/01/2032
(d),(e)
2,000‌
2,000‌
2.95%,
05/01/2028
(d),(e)
700‌
700‌
2.95%,
05/01/2031
(d),(e)
700‌
700‌
2.95%,
05/01/2033
(d),(e)
1,200‌
1,200‌
2.95%,
05/01/2033
(d),(e)
4,000‌
4,000‌
2.95%,
11/01/2043
(d),(e)
350‌
350‌
3.00%,
08/01/2030
(d),(e)
500‌
500‌
3.00%,
07/01/2053
(d),(e)
250‌
250‌
Tender
Option
Bond
Trust
Receipts/
Certificates
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
2.38%,
07/01/2046
(c),(d),(e)
800‌
800‌
Tobacco
Securitization
Authority
of
Southern
California
5.00%,
06/01/2035
1,500‌
1,576‌
Travis
Unified
School
District
(credit
support
from
Assured
Guaranty
)
5.00%,
09/01/2029
(c)
1,000‌
1,002‌
University
of
California
1.99%,
05/15/2054
(d)
950‌
950‌
5.25%,
05/15/2040
4,250‌
5,284‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
Woodland-Davis
Clean
Water
Agency
(credit
support
from
Assured
Guaranty
)
5.00%,
03/01/2039
(c)
$
1,500‌
$
1,502‌
$
653,664‌
Guam
-
1
.59
%
Guam
Government
Waterworks
Authority
5.00%,
07/01/2040
7,890‌
8,015‌
5.50%,
07/01/2044
1,545‌
1,661‌
Port
Authority
of
Guam
5.00%,
07/01/2048
1,000‌
1,006‌
$
10,682‌
Puerto
Rico
-
3
.84
%
Commonwealth
of
Puerto
Rico
0.00%,
07/01/2033
(a)
526‌
385‌
0.00%,
11/01/2043
(a),(d)
1,569‌
1,029‌
4.00%,
07/01/2037
316‌
310‌
4.00%,
07/01/2046
446‌
397‌
Puerto
Rico
Industrial
Tourist
Educational
Medical
&
Environmental
Control
Facilities
Financing
Authority
6.50%,
01/01/2041
3,420‌
3,938‌
6.50%,
01/01/2042
3,250‌
3,710‌
6.75%,
01/01/2045
5,550‌
6,288‌
6.75%,
01/01/2045
3,250‌
3,683‌
Puerto
Rico
Sales
Tax
Financing
Corp
Sales
Tax
Revenue
5.00%,
07/01/2058
6,296‌
6,162‌
$
25,902‌
TOTAL
MUNICIPAL
BONDS
$
690,248‌
Total
Investments
$
690,301‌
Liability
for
Floating
Rate
Notes
Issued
in
Conjunction
with
Securities
Held
-
(3.47)%
Notes
with
interest
rates
of
2.29%
-
2.48%
at
January
31,
2026
and
contractual
maturities
of
collateral
of
2027-2030.
(h)
$
(
23,385‌
)
(
23,385‌
)
Total
Net
Investments
$
666,916‌
Other
Assets
and
Liabilities
-  1.00%
6,744‌
TOTAL
NET
ASSETS
-
100.00%
$
673,660‌
(a)
Non-income
producing
security
(b)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(c)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(d)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$100,459
or
14.91%
of
net
assets.
(f)
Security
or
portion
of
underlying
security
related
to
Inverse
Floaters
entered
into
by
the
fund.
(g)
Security
purchased
on
a
when-issued
basis.
(h)
Floating
rate
securities.
The
interest
rate(s)
shown
reflect
the
rates
in
effect
at
January
31,
2026.
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
4
INVESTMENT
COMPANIES
-
1
.48
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.48
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
3,086,914‌
$
3,087‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
154,205,964‌
154,206‌
$
157,293‌
TOTAL
INVESTMENT
COMPANIES
$
157,293‌
COMMON
STOCKS
-
0
.06
%
Shares
Held
Value
(000's)
Transportation
-
0
.06
%
Trailer
Bridge
Inc
(d),(e),(f)
178,279‌
$
6,619‌
TOTAL
COMMON
STOCKS
$
6,619‌
BONDS
-
57
.84
%
Principal
Amount
(000's)
Value
(000's)
Airlines
-
1
.10
%
Alaska
Airlines
2020-1
Class
A
Pass
Through
Trust
4.80%,
02/15/2029
(g)
$
18,242‌
$
18,326‌
AS
Mileage
Plan
IP
Ltd
5.02%,
10/20/2029
(g)
27,523‌
27,836‌
Delta
Air
Lines
Inc
/
SkyMiles
IP
Ltd
4.75%,
10/20/2028
(g)
22,451‌
22,621‌
United
Airlines
2019-2
Class
AA
Pass
Through
Trust
2.70%,
11/01/2033
6,582‌
6,110‌
United
Airlines
2024-1
Class
A
Pass
Through
Trust
5.88%,
08/15/2038
40,552‌
41,997‌
$
116,890‌
Apparel
-
0
.14
%
Under
Armour
Inc
3.25%,
06/15/2026
14,750‌
14,667‌
Automobile
Asset
Backed
Securities
-
0
.58
%
Ford
Credit
Floorplan
Master
Owner
Trust
A
4.96%,
05/15/2028
(g)
20,000‌
20,053‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.25%
Nissan
Master
Owner
Trust
Receivables
4.38%,
02/15/2028
(g)
38,000‌
38,007‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.67%
Toyota
Auto
Receivables
2024-C
Owner
Trust
5.16%,
05/17/2027
3,630‌
3,634‌
$
61,694‌
Automobile
Manufacturers
-
0
.49
%
American
Honda
Finance
Corp
2.30%,
09/09/2026
7,000‌
6,935‌
4.40%,
10/05/2026
30,000‌
30,107‌
4.90%,
07/09/2027
15,000‌
15,215‌
$
52,257‌
Banks
-
8
.70
%
Bank
of
America
Corp
3.19%,
07/23/2030
(h)
8,000‌
7,738‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.44%
3.97%,
02/07/2030
(h)
8,000‌
7,962‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.47%
4.98%,
01/24/2029
(h)
29,000‌
29,536‌
Secured
Overnight
Financing
Rate
+
0.83%
5.74%,
02/12/2036
(h)
28,000‌
28,951‌
Secured
Overnight
Financing
Rate
+
1.70%
Bank
of
New
York
Mellon
Corp/The
1.65%,
01/28/2031
10,000‌
8,864‌
2.80%,
05/04/2026
8,000‌
7,980‌
3.00%,
10/30/2028
9,000‌
8,780‌
4.03%,
01/22/2030
(h)
18,000‌
17,984‌
Secured
Overnight
Financing
Rate
+
0.63%
4.94%,
02/11/2031
(h)
29,000‌
29,801‌
Secured
Overnight
Financing
Rate
+
0.89%
5.32%,
06/06/2036
(h)
10,000‌
10,306‌
Secured
Overnight
Financing
Rate
+
1.35%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
New
York
Mellon/The
4.73%,
04/20/2029
(h)
$
13,000‌
$
13,220‌
Secured
Overnight
Financing
Rate
+
1.14%
Citibank
NA
4.88%,
11/19/2027
(h)
24,000‌
24,169‌
Secured
Overnight
Financing
Rate
+
0.71%
Citigroup
Inc
2.98%,
11/05/2030
(h)
51,000‌
48,606‌
Secured
Overnight
Financing
Rate
+
1.42%
4.45%,
09/29/2027
8,000‌
8,052‌
5.17%,
09/11/2036
(h)
11,000‌
11,047‌
Secured
Overnight
Financing
Rate
+
1.49%
Cullen/Frost
Bankers
Inc
4.50%,
03/17/2027
11,000‌
10,993‌
Goldman
Sachs
Group
Inc/The
1.99%,
01/27/2032
(h)
15,000‌
13,313‌
Secured
Overnight
Financing
Rate
+
1.09%
3.50%,
11/16/2026
21,000‌
20,949‌
3.81%,
04/23/2029
(h)
13,000‌
12,922‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.42%
4.37%,
10/21/2031
(h)
29,750‌
29,580‌
Secured
Overnight
Financing
Rate
+
1.06%
5.54%,
01/28/2036
(h)
23,000‌
23,777‌
Secured
Overnight
Financing
Rate
+
1.38%
JPMorgan
Chase
&
Co
2.53%,
11/19/2041
(h)
9,000‌
6,454‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
2.74%,
10/15/2030
(h)
47,000‌
44,669‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
4.81%,
10/22/2036
(h)
16,250‌
16,019‌
Secured
Overnight
Financing
Rate
+
1.19%
4.92%,
01/24/2029
(h)
28,000‌
28,506‌
Secured
Overnight
Financing
Rate
+
0.80%
Morgan
Stanley
1.79%,
02/13/2032
(h)
10,000‌
8,780‌
Secured
Overnight
Financing
Rate
+
1.03%
1.93%,
04/28/2032
(h)
6,250‌
5,494‌
Secured
Overnight
Financing
Rate
+
1.02%
2.70%,
01/22/2031
(h)
38,000‌
35,659‌
Secured
Overnight
Financing
Rate
+
1.14%
3.95%,
04/23/2027
10,000‌
9,998‌
5.12%,
02/01/2029
(h)
18,000‌
18,365‌
Secured
Overnight
Financing
Rate
+
1.73%
6.25%,
08/09/2026
4,000‌
4,051‌
Morgan
Stanley
Bank
NA
4.45%,
10/15/2027
(h)
25,000‌
25,093‌
Secured
Overnight
Financing
Rate
+
0.68%
PNC
Bank
NA
2.70%,
10/22/2029
53,000‌
50,179‌
3.10%,
10/25/2027
4,750‌
4,695‌
PNC
Financial
Services
Group
Inc/The
2.31%,
04/23/2032
(h)
15,000‌
13,535‌
Secured
Overnight
Financing
Rate
+
0.98%
4.90%,
05/13/2031
(h)
19,000‌
19,404‌
Secured
Overnight
Financing
Rate
+
1.33%
5.42%,
01/25/2041
(h)
10,000‌
9,991‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.17%
Truist
Bank
3.30%,
05/15/2026
5,000‌
4,993‌
4.63%,
09/17/2029
(h)
52,000‌
52,310‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.15%
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
5
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Truist
Financial
Corp
1.27%,
03/02/2027
(h)
$
5,500‌
$
5,487‌
Secured
Overnight
Financing
Rate
+
0.61%
4.60%,
01/27/2032
(h)
11,000‌
11,028‌
Secured
Overnight
Financing
Rate
+
0.97%
US
Bancorp
2.49%,
11/03/2036
(h)
29,000‌
25,389‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
3.00%,
07/30/2029
6,000‌
5,784‌
3.15%,
04/27/2027
3,800‌
3,773‌
3.90%,
04/26/2028
5,000‌
5,009‌
4.84%,
02/01/2034
(h)
25,000‌
25,099‌
Secured
Overnight
Financing
Rate
+
1.60%
5.08%,
05/15/2031
(h)
12,000‌
12,344‌
Secured
Overnight
Financing
Rate
+
1.30%
5.42%,
02/12/2036
(h),(i)
18,000‌
18,631‌
Secured
Overnight
Financing
Rate
+
1.41%
Wells
Fargo
&
Co
2.88%,
10/30/2030
(h)
32,000‌
30,490‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.43%
4.08%,
09/15/2029
(h)
24,000‌
23,979‌
Secured
Overnight
Financing
Rate
+
0.88%
4.90%,
01/24/2028
(h)
23,500‌
23,698‌
Secured
Overnight
Financing
Rate
+
0.78%
$
923,436‌
Beverages
-
0
.81
%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
4.70%,
02/01/2036
34,000‌
33,530‌
Anheuser-Busch
InBev
Worldwide
Inc
4.90%,
01/23/2031
21,000‌
21,686‌
5.00%,
06/15/2034
30,000‌
30,866‌
$
86,082‌
Biotechnology
-
2
.30
%
Amgen
Inc
1.65%,
08/15/2028
20,000‌
18,917‌
2.20%,
02/21/2027
11,500‌
11,306‌
2.45%,
02/21/2030
40,000‌
37,400‌
5.25%,
03/02/2033
19,000‌
19,662‌
Biogen
Inc
2.25%,
05/01/2030
65,000‌
59,751‌
Gilead
Sciences
Inc
1.20%,
10/01/2027
19,000‌
18,236‌
2.60%,
10/01/2040
19,000‌
13,993‌
3.65%,
03/01/2026
21,000‌
20,994‌
4.80%,
11/15/2029
20,000‌
20,545‌
5.25%,
10/15/2033
22,000‌
23,027‌
$
243,831‌
Chemicals
-
0
.58
%
Air
Liquide
Finance
SA
2.25%,
09/10/2029
(g)
24,000‌
22,518‌
Westlake
Corp
2.88%,
08/15/2041
15,000‌
10,198‌
3.38%,
06/15/2030
(i)
4,500‌
4,311‌
5.55%,
11/15/2035
(i)
25,000‌
24,909‌
$
61,936‌
Commercial
Services
-
0
.83
%
ERAC
USA
Finance
LLC
4.60%,
05/01/2028
(g)
38,500‌
39,009‌
5.00%,
02/15/2029
(g)
9,500‌
9,744‌
7.00%,
10/15/2037
(g)
13,000‌
14,988‌
United
Rentals
North
America
Inc
6.00%,
12/15/2029
(g)
24,000‌
24,597‌
$
88,338‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
-
1
.07
%
Apple
Inc
2.05%,
09/11/2026
$
30,000‌
$
29,693‌
2.38%,
02/08/2041
20,000‌
14,319‌
3.20%,
05/11/2027
13,000‌
12,933‌
3.25%,
02/23/2026
13,000‌
12,995‌
4.15%,
05/10/2030
24,500‌
24,744‌
4.75%,
05/12/2035
(i)
18,000‌
18,396‌
$
113,080‌
Diversified
Financial
Services
-
1
.77
%
Atlas
Warehouse
Lending
Co
LP
4.63%,
11/15/2028
(g)
16,000‌
16,071‌
4.95%,
11/15/2030
(g)
14,000‌
14,059‌
6.05%,
01/15/2028
(g)
22,000‌
22,676‌
6.25%,
01/15/2030
(g)
27,000‌
28,502‌
Citadel
Securities
Global
Holdings
LLC
5.50%,
06/18/2030
(g)
30,000‌
30,825‌
6.20%,
06/18/2035
(g)
10,000‌
10,513‌
Jefferies
Financial
Group
Inc
2.63%,
10/15/2031
30,000‌
26,707‌
2.75%,
10/15/2032
8,000‌
6,991‌
4.15%,
01/23/2030
19,000‌
18,753‌
4.85%,
01/15/2027
1,750‌
1,763‌
6.25%,
01/15/2036
10,325‌
10,780‌
$
187,640‌
Electric
-
9
.96
%
AEP
Transmission
Co
LLC
3.15%,
09/15/2049
24,000‌
16,162‌
5.40%,
03/15/2053
23,000‌
22,241‌
AES
Corp/The
5.80%,
03/15/2032
38,000‌
39,284‌
Alabama
Power
Co
1.45%,
09/15/2030
25,000‌
22,165‌
3.13%,
07/15/2051
19,000‌
12,612‌
3.45%,
10/01/2049
42,000‌
30,136‌
Alliant
Energy
Finance
LLC
1.40%,
03/15/2026
(g)
4,500‌
4,483‌
5.95%,
03/30/2029
(g)
10,000‌
10,479‌
Berkshire
Hathaway
Energy
Co
2.85%,
05/15/2051
23,000‌
14,285‌
Black
Hills
Corp
2.50%,
06/15/2030
15,000‌
13,868‌
3.05%,
10/15/2029
39,500‌
37,795‌
3.15%,
01/15/2027
7,500‌
7,437‌
4.35%,
05/01/2033
8,000‌
7,722‌
Dayton
Power
&
Light
Co/The
3.95%,
06/15/2049
14,000‌
10,503‌
Entergy
Corp
2.40%,
06/15/2031
24,000‌
21,558‌
Entergy
Louisiana
LLC
2.90%,
03/15/2051
18,500‌
11,600‌
3.25%,
04/01/2028
12,000‌
11,851‌
4.20%,
09/01/2048
31,000‌
25,036‌
FirstEnergy
Pennsylvania
Electric
Co
4.30%,
01/15/2029
(g)
14,000‌
14,041‌
FirstEnergy
Transmission
LLC
2.87%,
09/15/2028
(g)
25,000‌
24,251‌
Florida
Power
&
Light
Co
2.88%,
12/04/2051
20,000‌
12,774‌
3.15%,
10/01/2049
25,000‌
17,136‌
5.05%,
04/01/2028
14,500‌
14,862‌
5.15%,
06/15/2029
20,000‌
20,754‌
Indianapolis
Power
&
Light
Co
5.05%,
08/15/2035
(g)
39,000‌
39,190‌
5.70%,
04/01/2054
(g)
15,500‌
15,421‌
Interstate
Power
and
Light
Co
2.30%,
06/01/2030
9,500‌
8,751‌
3.50%,
09/30/2049
66,000‌
47,425‌
5.60%,
06/29/2035
16,000‌
16,645‌
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
6
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Monongahela
Power
Co
3.55%,
05/15/2027
(g)
$
20,000‌
$
19,881‌
5.85%,
02/15/2034
(g)
10,500‌
11,121‌
Nevada
Power
Co
2.40%,
05/01/2030
20,500‌
18,949‌
NextEra
Energy
Capital
Holdings
Inc
2.75%,
11/01/2029
51,000‌
48,611‌
Northern
States
Power
Co/MN
2.90%,
03/01/2050
18,500‌
12,116‌
5.10%,
05/15/2053
28,500‌
26,374‌
Oncor
Electric
Delivery
Co
LLC
2.70%,
11/15/2051
15,000‌
8,922‌
3.10%,
09/15/2049
33,500‌
22,278‌
4.10%,
11/15/2048
5,000‌
3,997‌
5.65%,
11/15/2033
24,000‌
25,406‌
5.75%,
03/15/2029
21,000‌
22,000‌
PacifiCorp
5.25%,
06/15/2035
5,750‌
5,731‌
5.35%,
12/01/2053
34,000‌
29,981‌
6.25%,
10/15/2037
2,500‌
2,625‌
PPL
Electric
Utilities
Corp
3.00%,
10/01/2049
17,000‌
11,298‌
4.85%,
02/15/2034
19,000‌
19,152‌
5.25%,
05/15/2053
52,000‌
49,623‌
Public
Service
Co
of
Colorado
1.88%,
06/15/2031
11,500‌
10,130‌
3.20%,
03/01/2050
15,000‌
10,191‌
Solar
Star
Funding
LLC
3.95%,
06/30/2035
(g)
4,247‌
4,047‌
5.38%,
06/30/2035
(g)
15,491‌
15,731‌
Southwestern
Electric
Power
Co
1.65%,
03/15/2026
24,000‌
23,935‌
2.75%,
10/01/2026
10,000‌
9,921‌
3.85%,
02/01/2048
12,500‌
9,378‌
Tucson
Electric
Power
Co
3.25%,
05/01/2051
18,000‌
12,082‌
4.85%,
12/01/2048
7,000‌
6,205‌
Wisconsin
Power
and
Light
Co
5.38%,
03/30/2034
19,000‌
19,598‌
Xcel
Energy
Inc
2.60%,
12/01/2029
32,000‌
30,208‌
3.50%,
12/01/2049
24,000‌
17,202‌
$
1,057,160‌
Electronics
-
0
.43
%
Keysight
Technologies
Inc
3.00%,
10/30/2029
48,000‌
45,976‌
Entertainment
-
0
.13
%
Warnermedia
Holdings
Inc
5.05%,
03/15/2042
20,000‌
14,050‌
Environmental
Control
-
1
.21
%
Republic
Services
Inc
1.75%,
02/15/2032
29,500‌
25,467‌
2.30%,
03/01/2030
16,500‌
15,376‌
4.88%,
04/01/2029
23,500‌
24,089‌
5.15%,
03/15/2035
(i)
9,000‌
9,273‌
Waste
Connections
Inc
5.25%,
09/01/2035
52,000‌
53,662‌
$
127,867‌
Food
-
0
.83
%
Kraft
Heinz
Foods
Co
3.75%,
04/01/2030
21,000‌
20,540‌
Mars
Inc
4.45%,
03/01/2027
(g)
28,000‌
28,205‌
5.00%,
03/01/2032
(g)
38,000‌
39,050‌
$
87,795‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Gas
-
1
.00
%
NiSource
Inc
2.95%,
09/01/2029
$
29,000‌
$
27,805‌
3.60%,
05/01/2030
14,000‌
13,622‌
5.35%,
04/01/2034
39,000‌
40,185‌
5.35%,
07/15/2035
24,000‌
24,482‌
$
106,094‌
Healthcare
-
Services
-
1
.73
%
HCA
Inc
4.13%,
06/15/2029
14,000‌
13,969‌
4.60%,
11/15/2032
39,500‌
39,131‌
5.60%,
04/01/2034
37,000‌
38,428‌
5.63%,
09/01/2028
2,000‌
2,061‌
7.50%,
11/06/2033
1,950‌
2,233‌
UnitedHealth
Group
Inc
2.00%,
05/15/2030
9,000‌
8,211‌
2.88%,
08/15/2029
15,000‌
14,417‌
3.50%,
08/15/2039
14,000‌
11,561‌
4.70%,
04/15/2029
28,500‌
29,058‌
4.75%,
07/15/2026
24,000‌
24,089‌
$
183,158‌
Insurance
-
2
.58
%
Berkshire
Hathaway
Finance
Corp
1.45%,
10/15/2030
36,500‌
32,625‌
1.85%,
03/12/2030
8,000‌
7,360‌
2.50%,
01/15/2051
12,500‌
7,409‌
2.85%,
10/15/2050
30,500‌
19,420‌
Fidelity
National
Financial
Inc
3.40%,
06/15/2030
32,000‌
30,537‌
4.50%,
08/15/2028
39,500‌
39,780‌
First
American
Financial
Corp
2.40%,
08/15/2031
22,000‌
19,266‌
4.00%,
05/15/2030
28,000‌
27,094‌
5.45%,
09/30/2034
30,000‌
30,159‌
Prudential
Financial
Inc
2.10%,
03/10/2030
(i)
23,000‌
21,354‌
3.88%,
03/27/2028
4,550‌
4,555‌
5.20%,
03/14/2035
34,000‌
34,683‌
$
274,242‌
Internet
-
1
.29
%
Amazon.com
Inc
2.88%,
05/12/2041
20,000‌
15,081‌
3.95%,
04/13/2052
10,000‌
7,796‌
4.05%,
08/22/2047
38,000‌
31,056‌
5.45%,
11/20/2055
39,500‌
38,468‌
Beignet
Investor
LLC
6.58%,
05/30/2049
(g)
43,000‌
44,772‌
$
137,173‌
Lodging
-
1
.03
%
Choice
Hotels
International
Inc
3.70%,
12/01/2029
42,000‌
40,991‌
3.70%,
01/15/2031
(i)
11,000‌
10,536‌
Marriott
International
Inc/MD
2.75%,
10/15/2033
36,000‌
31,438‌
Travel
+
Leisure
Co
4.50%,
12/01/2029
(g),(i)
26,500‌
25,833‌
$
108,798‌
Media
-
1
.64
%
Comcast
Corp
2.65%,
02/01/2030
33,000‌
31,122‌
3.30%,
02/01/2027
10,000‌
9,957‌
4.25%,
10/15/2030
4,500‌
4,499‌
4.65%,
02/15/2033
30,000‌
29,974‌
6.45%,
03/15/2037
1,800‌
1,982‌
Discovery
Communications
LLC
3.63%,
05/15/2030
9,000‌
8,314‌
4.13%,
05/15/2029
22,000‌
21,371‌
5.30%,
05/15/2049
13,000‌
8,580‌
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
7
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Time
Warner
Cable
LLC
6.55%,
05/01/2037
$
7,400‌
$
7,434‌
6.75%,
06/15/2039
6,000‌
6,028‌
7.30%,
07/01/2038
7,750‌
8,229‌
Walt
Disney
Co/The
2.00%,
09/01/2029
28,000‌
26,221‌
6.40%,
12/15/2035
8,900‌
9,979‌
$
173,690‌
Oil
&
Gas
-
1
.01
%
BP
Capital
Markets
America
Inc
3.94%,
09/21/2028
13,000‌
13,015‌
4.70%,
04/10/2029
39,000‌
39,813‌
4.87%,
11/25/2029
24,000‌
24,642‌
Canadian
Natural
Resources
Ltd
5.00%,
12/15/2029
14,500‌
14,894‌
Marathon
Petroleum
Corp
5.13%,
12/15/2026
8,500‌
8,560‌
Phillips
66
1.30%,
02/15/2026
2,302‌
2,299‌
Suncor
Energy
Inc
4.00%,
11/15/2047
4,500‌
3,446‌
$
106,669‌
Other
Asset
Backed
Securities
-
0
.41
%
Verizon
Master
Trust
4.56%,
06/20/2029
43,500‌
43,576‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.85%
Packaging
&
Containers
-
0
.07
%
Sealed
Air
Corp
6.88%,
07/15/2033
(g)
6,900‌
7,254‌
Pharmaceuticals
-
1
.77
%
AbbVie
Inc
4.65%,
03/15/2028
19,000‌
19,318‌
5.05%,
03/15/2034
60,000‌
61,506‌
Bristol-Myers
Squibb
Co
1.13%,
11/13/2027
12,500‌
11,960‌
1.45%,
11/13/2030
10,000‌
8,839‌
5.90%,
11/15/2033
9,833‌
10,689‌
CVS
Health
Corp
1.30%,
08/21/2027
14,000‌
13,426‌
3.00%,
08/15/2026
17,000‌
16,907‌
4.30%,
03/25/2028
5,046‌
5,063‌
5.05%,
03/25/2048
23,000‌
20,226‌
5.45%,
09/15/2035
19,000‌
19,332‌
$
187,266‌
Pipelines
-
1
.94
%
Buckeye
Partners
LP
3.95%,
12/01/2026
10,500‌
10,425‌
El
Paso
Natural
Gas
Co
LLC
7.50%,
11/15/2026
11,400‌
11,672‌
Enterprise
Products
Operating
LLC
4.30%,
06/20/2028
39,750‌
40,093‌
4.60%,
01/15/2031
46,000‌
46,578‌
NGPL
PipeCo
LLC
3.25%,
07/15/2031
(g)
15,000‌
13,823‌
4.88%,
08/15/2027
(g)
43,000‌
43,230‌
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
4.50%,
12/15/2026
13,500‌
13,541‌
Southern
Natural
Gas
Co
LLC
8.00%,
03/01/2032
4,750‌
5,500‌
Tennessee
Gas
Pipeline
Co
LLC
8.38%,
06/15/2032
2,000‌
2,351‌
TransCanada
PipeLines
Ltd
6.10%,
06/01/2040
7,000‌
7,372‌
7.25%,
08/15/2038
10,000‌
11,483‌
$
206,068‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
-
8
.64
%
Alexandria
Real
Estate
Equities
Inc
1.88%,
02/01/2033
$
13,000‌
$
10,672‌
2.00%,
05/18/2032
14,000‌
11,882‌
2.75%,
12/15/2029
14,500‌
13,680‌
3.38%,
08/15/2031
30,000‌
28,109‌
4.75%,
04/15/2035
14,500‌
13,996‌
4.90%,
12/15/2030
4,250‌
4,318‌
American
Tower
Corp
1.88%,
10/15/2030
20,000‌
17,892‌
2.10%,
06/15/2030
3,000‌
2,731‌
2.75%,
01/15/2027
53,000‌
52,418‌
2.95%,
01/15/2051
10,000‌
6,362‌
3.38%,
10/15/2026
5,000‌
4,979‌
American
Tower
Trust
#1
5.49%,
03/15/2053
(g)
14,000‌
14,238‌
Crown
Castle
Inc
2.25%,
01/15/2031
18,000‌
16,099‌
2.90%,
04/01/2041
30,000‌
21,882‌
3.10%,
11/15/2029
8,000‌
7,644‌
4.00%,
11/15/2049
17,000‌
12,784‌
4.30%,
02/15/2029
13,000‌
13,005‌
5.00%,
01/11/2028
18,000‌
18,281‌
CubeSmart
LP
2.00%,
02/15/2031
26,000‌
23,016‌
3.00%,
02/15/2030
18,000‌
17,057‌
4.38%,
02/15/2029
2,000‌
2,009‌
DOC
DR
LLC
2.63%,
11/01/2031
32,000‌
28,750‌
4.30%,
03/15/2027
22,400‌
22,448‌
Healthcare
Realty
Holdings
LP
2.40%,
03/15/2030
9,000‌
8,230‌
3.63%,
01/15/2028
3,500‌
3,466‌
Healthpeak
OP
LLC
2.88%,
01/15/2031
7,000‌
6,493‌
3.00%,
01/15/2030
50,000‌
47,452‌
5.25%,
12/15/2032
14,000‌
14,356‌
Omega
Healthcare
Investors
Inc
3.38%,
02/01/2031
46,000‌
43,037‌
3.63%,
10/01/2029
32,000‌
31,014‌
4.75%,
01/15/2028
7,000‌
7,059‌
Prologis
LP
2.88%,
11/15/2029
12,500‌
11,953‌
3.38%,
12/15/2027
25,000‌
24,832‌
SBA
Tower
Trust
1.63%,
05/15/2051
(g)
46,000‌
45,124‌
2.33%,
07/15/2052
(g)
10,000‌
9,615‌
2.59%,
10/15/2056
(g)
20,500‌
18,400‌
Store
Capital
LLC
2.75%,
11/18/2030
18,500‌
16,852‌
4.63%,
03/15/2029
33,500‌
33,423‌
Ventas
Realty
LP
3.00%,
01/15/2030
8,000‌
7,614‌
3.85%,
04/01/2027
21,000‌
20,966‌
5.00%,
02/15/2036
24,000‌
23,759‌
5.63%,
07/01/2034
38,500‌
40,150‌
Welltower
OP
LLC
2.70%,
02/15/2027
12,000‌
11,861‌
2.75%,
01/15/2031
7,000‌
6,512‌
3.10%,
01/15/2030
25,000‌
23,971‌
4.13%,
03/15/2029
6,000‌
6,017‌
4.25%,
04/15/2028
4,000‌
4,028‌
4.50%,
07/01/2030
24,500‌
24,746‌
Weyerhaeuser
Co
7.38%,
03/15/2032
11,281‌
12,838‌
WP
Carey
Inc
2.40%,
02/01/2031
21,000‌
18,971‌
3.85%,
07/15/2029
30,000‌
29,689‌
$
916,680‌
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
8
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Semiconductors
-
0
.39
%
NVIDIA
Corp
2.00%,
06/15/2031
$
19,000‌
$
17,119‌
2.85%,
04/01/2030
14,000‌
13,379‌
3.50%,
04/01/2040
13,000‌
10,963‌
$
41,461‌
Software
-
0
.44
%
Oracle
Corp
4.80%,
09/26/2032
14,000‌
13,554‌
5.50%,
08/03/2035
33,500‌
32,660‌
$
46,214‌
Telecommunications
-
1
.72
%
Corning
Inc
4.75%,
03/15/2042
4,650‌
4,297‌
5.45%,
11/15/2079
43,500‌
40,094‌
Crown
Castle
Towers
LLC
4.24%,
07/15/2048
(g)
16,000‌
15,980‌
Sprint
Spectrum
Co
LLC
/
Sprint
Spectrum
Co
II
LLC
/
Sprint
Spectrum
Co
III
LLC
5.15%,
09/20/2029
(g)
15,525‌
15,640‌
T-Mobile
USA
Inc
2.05%,
02/15/2028
10,000‌
9,621‌
2.55%,
02/15/2031
20,000‌
18,296‌
3.00%,
02/15/2041
39,000‌
28,916‌
4.63%,
01/15/2033
21,500‌
21,358‌
5.30%,
05/15/2035
(i)
27,500‌
28,040‌
$
182,242‌
Transportation
-
0
.61
%
Ryder
System
Inc
2.90%,
12/01/2026
51,000‌
50,565‌
5.00%,
03/15/2030
14,000‌
14,335‌
$
64,900‌
Trucking
&
Leasing
-
0
.64
%
Penske
Truck
Leasing
Co
Lp
/
PTL
Finance
Corp
1.70%,
06/15/2026
(g)
39,000‌
38,670‌
4.55%,
01/15/2031
(g)
18,500‌
18,463‌
5.70%,
02/01/2028
(g)
10,000‌
10,279‌
$
67,412‌
TOTAL
BONDS
$
6,135,596‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
40
.06
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
0
.05
%
3.50%,
03/01/2048
$
6,157‌
$
5,822‌
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
24
.15
%
2.00%,
10/01/2050
29,756‌
24,645‌
2.00%,
11/01/2050
30,008‌
24,869‌
2.00%,
12/01/2050
34,610‌
28,623‌
2.00%,
12/01/2050
34,744‌
28,741‌
2.50%,
09/01/2050
29,800‌
25,772‌
2.50%,
10/01/2050
29,756‌
25,684‌
2.50%,
10/01/2050
30,716‌
26,499‌
2.50%,
11/01/2050
30,645‌
26,538‌
2.50%,
11/01/2050
29,175‌
25,244‌
2.50%,
11/01/2050
28,568‌
24,725‌
2.50%,
11/01/2050
30,803‌
26,588‌
2.50%,
11/01/2050
29,312‌
25,386‌
2.50%,
02/01/2052
29,938‌
25,573‌
3.00%,
06/01/2042
10,875‌
10,071‌
3.00%,
08/01/2049
14,723‌
13,311‌
3.00%,
09/01/2049
10,911‌
9,793‌
3.00%,
10/01/2049
13,574‌
12,246‌
3.00%,
10/01/2049
15,661‌
14,127‌
3.00%,
10/01/2049
11,520‌
10,357‌
3.00%,
11/01/2049
13,702‌
12,302‌
3.00%,
11/01/2049
15,687‌
14,150‌
3.00%,
11/01/2049
10,816‌
9,727‌
3.00%,
03/01/2050
16,103‌
14,524‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.00%,
04/01/2050
$
17,248‌
$
15,552‌
3.00%,
09/01/2050
19,177‌
17,175‌
3.00%,
05/01/2052
14,945‌
13,459‌
3.50%,
06/01/2046
11,125‌
10,559‌
3.50%,
08/01/2047
6,442‌
6,066‌
3.50%,
09/01/2047
26,710‌
24,907‌
3.50%,
12/01/2047
6,551‌
6,149‌
3.50%,
06/01/2049
24,553‌
23,044‌
3.50%,
07/01/2049
7,962‌
7,446‌
3.50%,
09/01/2049
22,970‌
21,497‌
3.50%,
09/01/2049
7,644‌
7,147‌
3.50%,
09/01/2049
7,001‌
6,544‌
3.50%,
11/01/2049
9,439‌
8,820‌
3.50%,
11/01/2049
11,128‌
10,502‌
3.50%,
12/01/2049
11,271‌
10,533‌
3.50%,
01/01/2050
32,617‌
30,540‌
3.50%,
02/01/2050
20,957‌
19,460‌
3.50%,
06/01/2050
18,925‌
17,695‌
3.50%,
08/01/2050
25,708‌
24,051‌
3.50%,
10/01/2050
24,540‌
22,905‌
3.50%,
01/01/2051
26,544‌
24,935‌
3.50%,
01/01/2051
18,832‌
17,588‌
3.50%,
04/01/2052
40,068‌
37,344‌
3.50%,
04/01/2052
29,892‌
27,806‌
4.00%,
02/01/2044
6,815‌
6,667‌
4.00%,
06/01/2046
9,526‌
9,306‌
4.00%,
10/01/2047
25,873‌
25,180‌
4.00%,
10/01/2048
7,342‌
7,146‌
4.00%,
03/01/2049
20,800‌
20,233‌
4.00%,
04/01/2049
23,139‌
22,512‌
4.00%,
06/01/2049
34,610‌
33,680‌
4.00%,
08/01/2049
26,566‌
25,828‌
4.00%,
10/01/2049
12,157‌
11,783‌
4.00%,
12/01/2049
19,114‌
18,686‌
4.00%,
01/01/2050
16,858‌
16,319‌
4.00%,
07/01/2050
36,816‌
35,783‌
4.00%,
02/01/2052
34,652‌
33,322‌
4.00%,
02/01/2052
30,705‌
29,539‌
4.00%,
02/01/2052
29,187‌
28,053‌
4.00%,
05/01/2052
38,428‌
36,962‌
4.00%,
05/01/2052
36,020‌
34,556‌
4.00%,
06/01/2052
31,190‌
30,051‌
4.50%,
06/01/2046
10,882‌
10,904‌
4.50%,
07/01/2052
14,783‌
14,585‌
4.50%,
07/01/2052
35,728‌
35,118‌
4.50%,
08/01/2052
31,264‌
30,941‌
4.50%,
08/01/2052
35,525‌
35,075‌
4.50%,
08/01/2052
31,815‌
31,467‌
4.50%,
09/01/2052
31,767‌
31,322‌
4.50%,
09/01/2052
29,856‌
29,478‌
4.50%,
09/01/2052
32,086‌
31,846‌
4.50%,
10/01/2052
20,174‌
19,954‌
4.50%,
10/01/2052
32,289‌
31,964‌
4.50%,
11/01/2052
34,658‌
34,372‌
4.50%,
11/01/2052
33,334‌
32,897‌
4.50%,
02/01/2053
30,558‌
30,282‌
5.00%,
07/01/2052
33,705‌
34,171‌
5.00%,
09/01/2052
31,686‌
32,062‌
5.00%,
10/01/2052
30,606‌
30,942‌
5.00%,
10/01/2052
19,577‌
19,781‌
5.00%,
02/01/2053
30,625‌
31,015‌
5.00%,
03/01/2053
31,618‌
31,948‌
5.00%,
07/01/2053
32,044‌
32,432‌
5.00%,
09/01/2053
25,273‌
25,517‌
5.00%,
10/01/2053
37,726‌
38,031‌
5.00%,
10/01/2053
39,952‌
40,350‌
5.00%,
02/01/2054
36,592‌
36,885‌
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
9
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
5.00%,
11/01/2054
$
39,044‌
$
39,453‌
5.00%,
12/01/2054
38,834‌
39,169‌
5.00%,
11/01/2055
39,688‌
40,000‌
5.50%,
02/01/2053
28,886‌
29,655‌
5.50%,
03/01/2053
31,799‌
32,739‌
5.50%,
04/01/2053
29,612‌
30,476‌
5.50%,
07/01/2053
32,118‌
32,998‌
5.50%,
09/01/2053
32,405‌
33,224‌
5.50%,
09/01/2053
31,660‌
32,567‌
5.50%,
03/01/2054
25,964‌
26,589‌
5.50%,
06/01/2054
27,283‌
27,994‌
5.50%,
10/01/2054
35,931‌
36,916‌
5.50%,
12/01/2054
37,320‌
38,343‌
5.50%,
04/01/2055
37,490‌
38,419‌
6.00%,
10/01/2053
31,602‌
32,886‌
$
2,561,592‌
Government
National
Mortgage
Association
(GNMA)
-
0
.09
%
3.00%,
02/20/2046
10,506‌
9,636‌
U.S.
Treasury
-
15
.77
%
0.38%,
09/30/2027
40,000‌
37,986‌
0.50%,
10/31/2027
40,000‌
37,972‌
0.75%,
01/31/2028
40,000‌
37,867‌
0.88%,
11/15/2030
40,000‌
34,934‌
1.13%,
02/15/2031
40,000‌
35,152‌
1.13%,
08/15/2040
55,000‌
34,403‌
1.25%,
08/15/2031
40,000‌
34,786‌
1.25%,
05/15/2050
40,000‌
19,097‌
1.38%,
08/15/2050
40,000‌
19,617‌
1.50%,
02/15/2030
40,000‌
36,720‌
1.63%,
11/15/2050
40,000‌
20,923‌
1.75%,
11/15/2029
40,000‌
37,308‌
1.75%,
08/15/2041
55,000‌
36,990‌
1.88%,
02/15/2032
40,000‌
35,584‌
1.88%,
02/15/2051
40,000‌
22,281‌
1.88%,
11/15/2051
55,000‌
30,284‌
2.00%,
08/15/2051
55,000‌
31,406‌
2.25%,
08/15/2027
40,000‌
39,241‌
2.25%,
11/15/2027
40,000‌
39,114‌
2.25%,
08/15/2046
50,000‌
32,824‌
2.25%,
08/15/2049
40,000‌
24,995‌
2.25%,
02/15/2052
50,000‌
30,213‌
2.38%,
05/15/2051
40,000‌
25,112‌
2.63%,
02/15/2029
40,000‌
38,866‌
2.75%,
07/31/2027
(j)
40,000‌
39,548‌
2.75%,
02/15/2028
40,000‌
39,378‌
2.75%,
08/15/2032
40,000‌
37,158‌
2.75%,
08/15/2042
50,000‌
38,496‌
2.75%,
08/15/2047
45,000‌
32,062‌
2.88%,
05/15/2028
40,000‌
39,403‌
2.88%,
08/15/2028
40,000‌
39,325‌
2.88%,
05/15/2032
20,000‌
18,793‌
2.88%,
05/15/2052
45,000‌
31,307‌
3.00%,
11/15/2045
45,000‌
34,288‌
3.00%,
08/15/2048
40,000‌
29,516‌
3.00%,
08/15/2052
45,000‌
32,084‌
3.13%,
11/15/2028
40,000‌
39,506‌
3.38%,
05/15/2033
40,000‌
38,281‌
3.50%,
02/15/2033
40,000‌
38,691‌
3.63%,
02/15/2044
45,000‌
38,544‌
3.63%,
02/15/2053
40,000‌
32,227‌
3.63%,
05/15/2053
40,000‌
32,198‌
3.75%,
11/15/2043
40,000‌
34,952‌
3.88%,
08/15/2033
40,000‌
39,473‌
4.00%,
02/15/2034
40,000‌
39,669‌
4.00%,
11/15/2052
40,000‌
34,533‌
4.13%,
11/15/2032
40,000‌
40,267‌
4.50%,
11/15/2033
40,000‌
41,069‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
4.63%,
05/15/2054
$
40,000‌
$
38,313‌
$
1,672,756‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
4,249,806‌
Total
Investments
$
10,549,314‌
Other
Assets
and
Liabilities
-  0.56%
59,575‌
TOTAL
NET
ASSETS
-
100.00%
$
10,608,889‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$29,967
or
0.28%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(g)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$907,566
or
8.55%
of
net
assets.
(h)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(i)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$36,812
or
0.35%
of
net
assets.
(j)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,914
or
0.05%
of
net
assets.
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
10
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
97,792‌
$
705,880‌
$
649,466‌
$
154,206‌
$
97,792‌
$
705,880‌
$
649,466‌
$
154,206‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
1,143‌
$
—‌
$
—‌
$
—‌
$
1,143‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Trailer
Bridge
Inc
05/07/2012-05/28/2019
$
21,314‌
$
6,619‌
0.06%
Total
$
6,619‌
0.06%
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
2
Year
Treasury
Note;
March
2026
Long
4,344‌
$
905,690‌
$
(
1,272‌
)
US
Ultra
Bond;
March
2026
Short
396‌
46,505‌
962‌
Total
$
(
310‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
11
INVESTMENT
COMPANIES
-
12
.70
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
7
.76
%
iShares
Broad
USD
High
Yield
Corporate
Bond
ETF
568,000‌
$
21,379‌
Vanguard
Emerging
Markets
Government
Bond
ETF
150,000‌
10,149‌
Vanguard
Short-Term
Corporate
Bond
ETF
(a)
98,000‌
7,845‌
$
39,373‌
Money
Market
Funds
-
4
.94
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(b),(c)
970,559‌
971‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(b),(c),(d)
24,112,135‌
24,112‌
$
25,083‌
TOTAL
INVESTMENT
COMPANIES
$
64,456‌
COMMON
STOCKS
-
0
.01
%
Shares
Held
Value
(000's)
Oil
&
Gas
-
0
.01
%
Mesquite
Energy
Inc
(e),(f)
407‌
$
29‌
Retail
-
0
.00
%
Claire's
Holdings
LLC
(e),(f)
232‌
—‌
TOTAL
COMMON
STOCKS
$
29‌
BONDS
-
61
.52
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
1
.30
%
Boeing
Co/The
5.15%,
05/01/2030
$
200‌
$
206‌
5.81%,
05/01/2050
1,760‌
1,738‌
7.01%,
05/01/2064
340‌
388‌
Bombardier
Inc
7.50%,
02/01/2029
(g)
150‌
156‌
Northrop
Grumman
Corp
4.95%,
03/15/2053
250‌
227‌
5.20%,
06/01/2054
490‌
462‌
5.25%,
07/15/2035
410‌
424‌
RTX
Corp
3.03%,
03/15/2052
530‌
346‌
4.63%,
11/16/2048
100‌
88‌
5.38%,
02/27/2053
425‌
409‌
6.10%,
03/15/2034
545‌
595‌
6.40%,
03/15/2054
260‌
286‌
Spirit
AeroSystems
Inc
4.60%,
06/15/2028
240‌
242‌
TransDigm
Inc
6.38%,
03/01/2029
(g)
270‌
278‌
6.75%,
01/31/2034
(g)
727‌
752‌
$
6,597‌
Agriculture
-
0
.75
%
BAT
Capital
Corp
4.63%,
03/22/2033
260‌
258‌
4.76%,
09/06/2049
125‌
106‌
5.83%,
02/20/2031
305‌
324‌
7.08%,
08/02/2053
825‌
933‌
Philip
Morris
International
Inc
4.38%,
04/30/2030
510‌
513‌
4.63%,
11/01/2029
522‌
531‌
4.63%,
10/29/2035
505‌
493‌
Reynolds
American
Inc
5.70%,
08/15/2035
635‌
661‌
$
3,819‌
Airlines
-
0
.80
%
American
Airlines
2021-1
Class
B
Pass
Through
Trust
3.95%,
01/11/2032
7‌
6‌
American
Airlines
Inc
8.50%,
05/15/2029
(g)
236‌
246‌
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.75%,
04/20/2029
(g)
385‌
389‌
AS
Mileage
Plan
IP
Ltd
5.02%,
10/20/2029
(g)
1,145‌
1,158‌
5.31%,
10/20/2031
(g)
405‌
410‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Airlines
(continued)
Delta
Air
Lines
Inc
/
SkyMiles
IP
Ltd
4.75%,
10/20/2028
(g)
$
646‌
$
651‌
Grupo
Aeromexico
SAB
de
CV
8.63%,
11/15/2031
(a),(g)
200‌
206‌
OneSky
Flight
LLC
8.88%,
12/15/2029
(g)
9‌
10‌
United
Airlines
2024-1
Class
A
Pass
Through
Trust
5.88%,
08/15/2038
700‌
725‌
United
Airlines
Holdings
Inc
5.38%,
03/01/2031
(h)
270‌
273‌
$
4,074‌
Automobile
Asset
Backed
Securities
-
4
.30
%
Ally
Auto
Receivables
Trust
2025-1
4.03%,
07/17/2028
1,340‌
1,341‌
AutoNation
Finance
Trust
2025-1
5.63%,
09/10/2032
(g)
555‌
566‌
BofA
Auto
Trust
2025-1
4.25%,
11/22/2027
(g)
258‌
258‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.55%
Carmax
Auto
Owner
Trust
2024-3
5.21%,
09/15/2027
219‌
220‌
Chase
Auto
Owner
Trust
2024-4
5.25%,
09/27/2027
(g)
16‌
16‌
Chase
Auto
Owner
Trust
2024-5
4.18%,
08/27/2029
(g)
1,670‌
1,677‌
Drive
Auto
Receivables
Trust
2025-2
4.29%,
10/16/2028
1,792‌
1,793‌
Ford
Credit
Floorplan
Master
Owner
Trust
A
4.30%,
09/15/2029
(g)
500‌
503‌
GLS
Auto
Select
Receivables
Issuer
Trust
2026-1
5.25%,
04/18/2033
(g)
250‌
250‌
GM
Financial
Automobile
Leasing
Trust
2024-3
4.17%,
01/20/2027
340‌
340‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.47%
4.21%,
10/20/2027
675‌
676‌
Mercedes-Benz
Auto
Lease
Trust
2024-A
5.44%,
02/16/2027
94‌
95‌
Mercedes-Benz
Auto
Lease
Trust
2025-A
4.23%,
04/17/2028
1,483‌
1,485‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.52%
4.61%,
04/16/2029
1,900‌
1,924‌
Santander
Drive
Auto
Receivables
Trust
2023-4
5.73%,
04/17/2028
163‌
163‌
Santander
Drive
Auto
Receivables
Trust
2024-1
5.25%,
04/17/2028
59‌
59‌
Santander
Drive
Auto
Receivables
Trust
2025-1
4.76%,
08/16/2027
27‌
27‌
Santander
Drive
Auto
Receivables
Trust
2025-2
4.71%,
06/15/2028
525‌
526‌
Santander
Drive
Auto
Receivables
Trust
2025-3
4.63%,
10/16/2028
2,191‌
2,197‌
Santander
Drive
Auto
Receivables
Trust
2025-4
4.28%,
01/15/2029
1,850‌
1,854‌
Toyota
Lease
Owner
Trust
2024-B
4.21%,
09/20/2027
(g)
1,880‌
1,883‌
USB
Auto
Owner
Trust
2025-1
5.40%,
12/15/2032
(g)
400‌
405‌
Volkswagen
Auto
Lease
Trust
2025-B
3.97%,
04/20/2028
1,145‌
1,146‌
Wheels
Fleet
Lease
Funding
1
LLC
4.99%,
01/18/2040
(g)
1,544‌
1,547‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.67%
World
Omni
Auto
Receivables
Trust
2023-C
5.15%,
11/15/2028
382‌
384‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
12
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
World
Omni
Auto
Receivables
Trust
2025-D
3.91%,
02/15/2029
$
500‌
$
500‌
$
21,835‌
Automobile
Manufacturers
-
0
.82
%
Ford
Motor
Co
3.25%,
02/12/2032
330‌
293‌
9.63%,
04/22/2030
20‌
23‌
Ford
Motor
Credit
Co
LLC
5.80%,
03/08/2029
1,420‌
1,460‌
6.13%,
03/08/2034
335‌
343‌
6.80%,
11/07/2028
300‌
316‌
Hyundai
Capital
America
4.50%,
09/18/2030
(g)
590‌
590‌
5.25%,
01/08/2027
(g)
490‌
496‌
5.30%,
06/24/2029
(g)
345‌
356‌
6.50%,
01/16/2029
(g)
265‌
281‌
$
4,158‌
Automobile
Parts
&
Equipment
-
0
.02
%
Phinia
Inc
6.75%,
04/15/2029
(g)
95‌
98‌
Banks
-
8
.76
%
AIB
Group
PLC
5.32%,
05/15/2031
(g),(i)
355‌
367‌
Secured
Overnight
Financing
Rate
+
1.65%
5.87%,
03/28/2035
(g),(i)
815‌
861‌
Secured
Overnight
Financing
Rate
+
1.91%
Bank
of
America
Corp
2.68%,
06/19/2041
(i)
1,335‌
978‌
Secured
Overnight
Financing
Rate
+
1.93%
2.69%,
04/22/2032
(i)
861‌
790‌
Secured
Overnight
Financing
Rate
+
1.32%
3.85%,
03/08/2037
(i)
200‌
188‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
Barclays
PLC
5.34%,
09/10/2035
(i)
540‌
547‌
Secured
Overnight
Financing
Rate
+
1.91%
CaixaBank
SA
5.58%,
07/03/2036
(g),(i)
490‌
502‌
Secured
Overnight
Financing
Rate
+
1.79%
Citigroup
Inc
3.79%,
03/17/2033
(i)
1,455‌
1,384‌
Secured
Overnight
Financing
Rate
+
1.94%
5.17%,
09/11/2036
(i)
315‌
316‌
Secured
Overnight
Financing
Rate
+
1.49%
Cooperatieve
Rabobank
UA
4.99%,
05/27/2031
(g),(i)
330‌
337‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.92%
Danske
Bank
A/S
4.61%,
10/02/2030
(g),(i)
345‌
348‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.10%
5.02%,
03/04/2031
(g),(i)
355‌
362‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.93%
Deutsche
Bank
AG/New
York
NY
4.95%,
08/04/2031
(i)
1,310‌
1,325‌
Secured
Overnight
Financing
Rate
+
1.30%
5.30%,
05/09/2031
(i)
410‌
420‌
Secured
Overnight
Financing
Rate
+
1.72%
5.71%,
02/08/2028
(i)
485‌
493‌
Secured
Overnight
Financing
Rate
+
1.59%
Goldman
Sachs
Group
Inc/The
4.52%,
01/21/2032
(i)
725‌
725‌
Secured
Overnight
Financing
Rate
+
0.96%
4.94%,
10/21/2036
(i)
680‌
671‌
Secured
Overnight
Financing
Rate
+
1.33%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The
(continued)
5.02%,
10/23/2035
(i)
$
570‌
$
570‌
Secured
Overnight
Financing
Rate
+
1.42%
5.07%,
01/21/2037
(i)
1,450‌
1,444‌
Secured
Overnight
Financing
Rate
+
1.19%
5.39%,
02/02/2041
(h),(i)
1,450‌
1,437‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.18%
5.56%,
11/19/2045
(i)
425‌
423‌
Secured
Overnight
Financing
Rate
+
1.58%
5.73%,
01/28/2056
(i)
465‌
469‌
Secured
Overnight
Financing
Rate
+
1.70%
HSBC
Holdings
PLC
5.13%,
11/06/2036
(i)
605‌
604‌
Secured
Overnight
Financing
Rate
+
1.43%
5.24%,
05/13/2031
(i)
1,060‌
1,091‌
Secured
Overnight
Financing
Rate
+
1.57%
5.74%,
09/10/2036
(i)
330‌
339‌
Secured
Overnight
Financing
Rate
+
1.96%
Huntington
Bancshares
Inc/OH
4.62%,
01/28/2032
(i)
150‌
150‌
Secured
Overnight
Financing
Rate
+
0.99%
5.61%,
01/28/2041
(i)
510‌
508‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.35%
5.71%,
02/02/2035
(i)
1,945‌
2,024‌
Secured
Overnight
Financing
Rate
+
1.87%
JPMorgan
Chase
&
Co
4.90%,
01/22/2037
(i)
480‌
476‌
Secured
Overnight
Financing
Rate
+
1.07%
4.91%,
07/25/2033
(i)
2,055‌
2,088‌
Secured
Overnight
Financing
Rate
+
2.08%
5.34%,
01/23/2035
(i)
150‌
155‌
Secured
Overnight
Financing
Rate
+
1.62%
5.58%,
07/23/2036
(i)
640‌
657‌
Secured
Overnight
Financing
Rate
+
1.64%
6.50%,
04/01/2030
(i),(j)
565‌
588‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.15%
Keybank
National
Association
5.00%,
01/26/2033
1,000‌
1,006‌
KeyCorp
5.12%,
04/04/2031
(a),(i)
575‌
589‌
Secured
Overnight
Financing
Rate
+
1.23%
5.31%,
01/28/2037
(i)
295‌
295‌
Secured
Overnight
Financing
Rate
+
1.37%
6.40%,
03/06/2035
(i)
225‌
244‌
Secured
Overnight
Financing
Rate
+
2.42%
Morgan
Stanley
2.48%,
09/16/2036
(i)
1,140‌
1,002‌
Secured
Overnight
Financing
Rate
+
1.36%
4.49%,
01/16/2032
(i)
435‌
435‌
Secured
Overnight
Financing
Rate
+
0.95%
5.19%,
04/17/2031
(i)
1,205‌
1,240‌
Secured
Overnight
Financing
Rate
+
1.51%
5.31%,
01/18/2041
(i)
900‌
889‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.17%
5.32%,
07/19/2035
(i)
3,150‌
3,230‌
Secured
Overnight
Financing
Rate
+
1.56%
5.52%,
11/19/2055
(i)
322‌
318‌
Secured
Overnight
Financing
Rate
+
1.71%
5.66%,
04/17/2036
(i)
290‌
303‌
Secured
Overnight
Financing
Rate
+
1.76%
Morgan
Stanley
Private
Bank
NA
4.73%,
07/18/2031
(i)
530‌
537‌
Secured
Overnight
Financing
Rate
+
1.08%
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
13
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
NatWest
Group
PLC
5.12%,
05/23/2031
(i)
$
300‌
$
308‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.05%
PNC
Financial
Services
Group
Inc/The
5.37%,
07/21/2036
(i)
340‌
348‌
Secured
Overnight
Financing
Rate
+
1.42%
5.40%,
07/23/2035
(i)
170‌
175‌
Secured
Overnight
Financing
Rate
+
1.60%
5.42%,
01/25/2041
(i)
325‌
325‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.17%
5.58%,
01/29/2036
(i)
350‌
363‌
Secured
Overnight
Financing
Rate
+
1.39%
5.68%,
01/22/2035
(i)
1,680‌
1,762‌
Secured
Overnight
Financing
Rate
+
1.90%
6.88%,
10/20/2034
(i)
571‌
642‌
Secured
Overnight
Financing
Rate
+
2.28%
Scotiabank
Peru
SAA
6.10%,
10/01/2035
(a),(g),(i)
200‌
208‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.31%
Truist
Financial
Corp
4.60%,
01/27/2032
(i)
575‌
576‌
Secured
Overnight
Financing
Rate
+
0.97%
5.44%,
01/24/2030
(i)
235‌
243‌
Secured
Overnight
Financing
Rate
+
1.62%
7.16%,
10/30/2029
(i)
290‌
312‌
Secured
Overnight
Financing
Rate
+
2.45%
UBS
Group
AG
5.43%,
02/08/2030
(g),(i)
405‌
419‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.52%
7.00%,
02/10/2030
(g),(i),(j),(k)
551‌
563‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.08%
US
Bancorp
2.49%,
11/03/2036
(i)
860‌
753‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
5.08%,
05/15/2031
(i)
710‌
730‌
Secured
Overnight
Financing
Rate
+
1.30%
5.42%,
02/12/2036
(a),(i)
420‌
435‌
Secured
Overnight
Financing
Rate
+
1.41%
5.68%,
01/23/2035
(i)
1,215‌
1,274‌
Secured
Overnight
Financing
Rate
+
1.86%
Westpac
Banking
Corp
4.11%,
07/24/2034
(i)
625‌
616‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
Zions
Bancorp
NA
4.70%,
08/18/2028
(i)
675‌
677‌
Secured
Overnight
Financing
Rate
+
1.16%
$
44,454‌
Biotechnology
-
0
.23
%
Amgen
Inc
5.60%,
03/02/2043
530‌
534‌
CSL
Finance
PLC
4.75%,
04/27/2052
(g)
750‌
651‌
$
1,185‌
Building
Materials
-
0
.41
%
AmeriTex
HoldCo
Intermediate
LLC
7.63%,
08/15/2033
(g)
765‌
805‌
Cemex
SAB
de
CV
7.20%,
06/10/2030
(g),(i),(j)
200‌
210‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.52%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Building
Materials
(continued)
Smyrna
Ready
Mix
Concrete
LLC
6.00%,
11/01/2028
(g)
$
1,032‌
$
1,035‌
$
2,050‌
Chemicals
-
0
.64
%
CF
Industries
Inc
5.30%,
11/26/2035
650‌
653‌
Consolidated
Energy
Finance
SA
5.63%,
10/15/2028
(a),(g)
555‌
458‌
6.50%,
05/15/2026
(g)
150‌
149‌
International
Flavors
&
Fragrances
Inc
1.83%,
10/15/2027
(g)
625‌
601‌
3.47%,
12/01/2050
(g)
130‌
89‌
OCP
SA
6.10%,
04/30/2030
(g)
320‌
333‌
Olympus
Water
US
Holding
Corp
4.25%,
10/01/2028
(g)
375‌
364‌
6.25%,
10/01/2029
(g)
205‌
201‌
Sociedad
Quimica
y
Minera
de
Chile
SA
5.63%,
04/22/2056
(g),(i)
400‌
399‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.92%
$
3,247‌
Commercial
Mortgage
Backed
Securities
-
5
.75
%
ALA
Trust
2025-OANA
5.42%,
06/15/2040
(g)
1,000‌
1,008‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.74%
BBCMS
Mortgage
Trust
2024-C24
5.42%,
02/15/2057
750‌
782‌
BBCMS
Mortgage
Trust
2025-5C33
6.17%,
03/15/2058
(l)
2,500‌
2,619‌
BBCMS
Mortgage
Trust
2025-5C38
5.15%,
11/15/2058
750‌
773‌
Benchmark
2021-B25
Mortgage
Trust
2.58%,
04/15/2054
500‌
451‌
BFLD
Commercial
Mortgage
Trust
2025-5MW
4.67%,
10/10/2042
(g),(l)
750‌
753‌
BPR
Trust
2024-PMDW
5.36%,
11/05/2041
(g),(l)
2,625‌
2,684‌
BRCK
Trust
2025-830B
0.28%,
12/10/2030
(g),(l),(m)
34,000‌
352‌
BSTN
Commercial
Mortgage
Trust
2025-1C
5.55%,
06/15/2044
(g),(l)
3,000‌
3,081‌
BX
2025-BIO3
Mortgage
Trust
6.14%,
02/10/2042
(g)
1,000‌
1,022‌
BX
Commercial
Mortgage
Trust
2021-XL2
4.48%,
10/15/2038
(g)
727‌
726‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.80%
BX
Trust
2025-ARIA
5.03%,
12/13/2042
(g),(l)
1,000‌
1,017‌
BX
Trust
2025-VLT6
5.12%,
03/15/2042
(g)
2,000‌
2,003‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.44%
Citigroup
Commercial
Mortgage
Trust
2019-C7
3.10%,
12/15/2072
1,500‌
1,430‌
COMM
2025-167G
Mortgage
Trust
5.50%,
08/10/2040
(g)
800‌
800‌
DROP
Mortgage
Trust
2021-FILE
4.94%,
10/15/2043
(g)
1,500‌
1,485‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.26%
ELM
Trust
2024-ELM
5.99%,
06/10/2039
(g),(l)
2,000‌
2,011‌
GS
Mortgage
Securities
Trust
2020-GSA2
2.01%,
12/12/2053
2,000‌
1,764‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
14
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C24
0.75%,
11/15/2047
(l),(m)
$
947‌
$
—‌
LBA
Trust
2024-7IND
5.12%,
10/15/2041
(g)
533‌
533‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.44%
ORL
Trust
2024-GLKS
5.17%,
12/15/2039
(g)
1,000‌
1,003‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.49%
SMRT
2022-MINI
4.68%,
01/15/2039
(g)
800‌
800‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.00%
SREIT
Trust
2021-MFP
4.53%,
11/15/2038
(g)
839‌
839‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.85%
SREIT
Trust
2021-MFP2
4.62%,
11/15/2036
(g)
1,000‌
1,000‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.94%
Wells
Fargo
Commercial
Mortgage
Trust
2025-5C7
4.32%,
12/15/2058
247‌
246‌
$
29,182‌
Commercial
Services
-
0
.46
%
Block
Inc
6.00%,
08/15/2033
(g)
488‌
499‌
EquipmentShare.com
Inc
8.00%,
03/15/2033
(g)
516‌
544‌
8.63%,
05/15/2032
(g)
47‌
50‌
Garda
World
Security
Corp
6.00%,
06/01/2029
(g)
405‌
399‌
8.38%,
11/15/2032
(g)
325‌
334‌
Veritiv
Operating
Co
10.50%,
11/30/2030
(g)
315‌
337‌
Williams
Scotsman
Inc
4.63%,
08/15/2028
(g)
180‌
179‌
$
2,342‌
Computers
-
0
.73
%
Hewlett
Packard
Enterprise
Co
4.40%,
10/15/2030
700‌
697‌
4.55%,
10/15/2029
835‌
841‌
5.00%,
10/15/2034
900‌
886‌
5.60%,
10/15/2054
590‌
540‌
International
Business
Machines
Corp
5.70%,
02/10/2055
(a)
275‌
271‌
McAfee
Corp
7.38%,
02/15/2030
(g)
590‌
469‌
$
3,704‌
Consumer
Products
-
0
.04
%
Kronos
Acquisition
Holdings
Inc
8.25%,
06/30/2031
(g)
293‌
206‌
Credit
Card
Asset
Backed
Securities
-
1
.31
%
American
Express
Credit
Account
Master
Trust
4.87%,
05/15/2028
325‌
326‌
5.24%,
04/15/2031
4,045‌
4,211‌
Citibank
Credit
Card
Issuance
Trust
3.96%,
10/13/2030
1,300‌
1,304‌
WF
Card
Issuance
Trust
4.34%,
05/15/2030
800‌
809‌
$
6,650‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
-
3
.55
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
3.00%,
10/29/2028
$
1,345‌
$
1,305‌
4.13%,
02/28/2029
750‌
747‌
6.95%,
03/10/2055
(i)
455‌
476‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.72%
Affiliated
Managers
Group
Inc
5.50%,
02/15/2036
225‌
225‌
Aircastle
Ltd
5.95%,
02/15/2029
(g)
165‌
172‌
Aircastle
Ltd
/
Aircastle
Ireland
DAC
5.00%,
09/15/2030
(g)
790‌
800‌
5.75%,
10/01/2031
(g)
910‌
949‌
Atlas
Warehouse
Lending
Co
LP
4.95%,
11/15/2030
(g)
680‌
683‌
5.25%,
01/15/2033
(g)
250‌
250‌
Charles
Schwab
Corp/The
4.91%,
11/14/2036
(i)
870‌
862‌
Secured
Overnight
Financing
Rate
+
1.23%
5.85%,
05/19/2034
(i)
330‌
352‌
Secured
Overnight
Financing
Rate
+
2.50%
Citadel
Finance
LLC
5.90%,
02/10/2030
(g)
1,000‌
1,024‌
Citadel
Securities
Global
Holdings
LLC
5.50%,
06/18/2030
(g)
500‌
514‌
6.20%,
06/18/2035
(g)
900‌
946‌
Credit
Acceptance
Corp
6.63%,
03/15/2030
(g)
514‌
515‌
9.25%,
12/15/2028
(g)
430‌
451‌
Equitable
America
Global
Funding
4.95%,
06/09/2030
(g)
250‌
254‌
Freedom
Mortgage
Holdings
LLC
7.88%,
04/01/2033
(g)
15‌
15‌
9.13%,
05/15/2031
(g)
610‌
645‌
Global
Aircraft
Leasing
Co
Ltd
8.75%,
09/01/2027
(g)
923‌
955‌
ILFC
E-Capital
Trust
II
6.60%,
12/21/2065
(g)
245‌
215‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.00%
Jane
Street
Group
/
JSG
Finance
Inc
6.13%,
11/01/2032
(g)
1,323‌
1,348‌
6.75%,
05/01/2033
(g)
1,237‌
1,287‌
OneMain
Finance
Corp
3.50%,
01/15/2027
410‌
405‌
4.00%,
09/15/2030
30‌
28‌
6.63%,
01/15/2028
35‌
36‌
7.13%,
11/15/2031
318‌
330‌
7.50%,
05/15/2031
605‌
634‌
Rfna
LP
7.88%,
02/15/2030
(g)
540‌
544‌
Rocket
Cos
Inc
6.13%,
08/01/2030
(g)
245‌
251‌
SLM
Corp
3.13%,
11/02/2026
335‌
330‌
TrueNoord
Capital
DAC
8.75%,
03/01/2030
(g)
415‌
438‌
$
17,986‌
Electric
-
3
.65
%
Abu
Dhabi
National
Energy
Co
PJSC
4.70%,
04/24/2033
(g)
200‌
201‌
Alliant
Energy
Finance
LLC
5.40%,
06/06/2027
(g)
625‌
634‌
5.95%,
03/30/2029
(g)
305‌
320‌
Atlantica
Sustainable
Infrastructure
Ltd
4.13%,
06/15/2028
(g)
222‌
218‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
15
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Berkshire
Hathaway
Energy
Co
4.60%,
05/01/2053
$
540‌
$
454‌
Black
Hills
Corp
4.55%,
01/31/2031
360‌
360‌
California
Buyer
Ltd
/
Atlantica
Sustainable
Infrastructure
PLC
6.38%,
02/15/2032
(g)
741‌
739‌
Clearway
Energy
Operating
LLC
4.75%,
03/15/2028
(g)
315‌
315‌
CMS
Energy
Corp
6.50%,
06/01/2055
(i)
1,070‌
1,105‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.96%
Comision
Federal
de
Electricidad
6.05%,
01/28/2034
(g)
400‌
400‌
Commonwealth
Edison
Co
4.00%,
03/01/2049
325‌
257‌
Duke
Energy
Carolinas
LLC
3.75%,
06/01/2045
500‌
394‌
Duke
Energy
Florida
LLC
6.20%,
11/15/2053
275‌
294‌
Evergy
Missouri
West
Inc
5.25%,
12/15/2035
(g)
325‌
326‌
Exelon
Corp
5.60%,
03/15/2053
250‌
242‌
FIEMEX
Energia
-
Banco
Actinver
SA
Institucion
de
Banca
Multiple
7.25%,
01/31/2041
(g)
594‌
618‌
Indianapolis
Power
&
Light
Co
5.70%,
04/01/2054
(g)
345‌
343‌
Interstate
Power
and
Light
Co
5.60%,
06/29/2035
1,230‌
1,280‌
Lightning
Power
LLC
7.25%,
08/15/2032
(g)
706‌
751‌
Louisville
Gas
and
Electric
Co
5.85%,
08/15/2055
190‌
193‌
NextEra
Energy
Capital
Holdings
Inc
5.45%,
03/15/2035
400‌
412‌
6.38%,
08/15/2055
(i)
625‌
645‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.05%
6.70%,
09/01/2054
(i)
915‌
945‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.36%
NRG
Energy
Inc
5.41%,
10/15/2035
(g)
250‌
249‌
5.75%,
01/15/2034
(g)
383‌
385‌
6.00%,
01/15/2036
(g)
383‌
387‌
Public
Service
Co
of
Colorado
5.25%,
04/01/2053
225‌
209‌
Puget
Sound
Energy
Inc
5.60%,
09/15/2055
235‌
229‌
Saavi
Energia
Sarl
8.88%,
02/10/2035
(g)
455‌
493‌
Southern
Co/The
5.70%,
03/15/2034
640‌
672‌
Southern
Power
Co
4.90%,
10/01/2035
495‌
486‌
Vistra
Corp
7.00%,
12/15/2026
(g),(i),(j)
946‌
960‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.74%
Vistra
Operations
Co
LLC
4.38%,
05/01/2029
(g)
185‌
183‌
VoltaGrid
LLC
7.38%,
11/01/2030
(g)
675‌
684‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
WEC
Energy
Group
Inc
5.63%,
05/15/2056
(i)
$
555‌
$
558‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.91%
Xcel
Energy
Inc
5.45%,
08/15/2033
1,520‌
1,568‌
$
18,509‌
Engineering
&
Construction
-
0
.28
%
ATP
Tower
Holdings
/
Andean
Telecom
Partners
Chile
SpA
/
Andean
Tower
Partners
Colombia
SAS
7.88%,
02/03/2030
(g)
440‌
452‌
Global
Infrastructure
Solutions
Inc
5.63%,
06/01/2029
(g)
400‌
401‌
Sitios
Latinoamerica
SAB
de
CV
5.38%,
04/04/2032
(g)
575‌
580‌
$
1,433‌
Entertainment
-
0
.40
%
Caesars
Entertainment
Inc
4.63%,
10/15/2029
(g)
540‌
518‌
6.50%,
02/15/2032
(g)
535‌
547‌
Cinemark
USA
Inc
5.25%,
07/15/2028
(g)
515‌
514‌
7.00%,
08/01/2032
(g)
55‌
57‌
Warnermedia
Holdings
Inc
5.05%,
03/15/2042
327‌
230‌
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
7.13%,
02/15/2031
(g)
150‌
162‌
$
2,028‌
Environmental
Control
-
0
.10
%
Madison
IAQ
LLC
4.13%,
06/30/2028
(g)
270‌
267‌
Waste
Connections
Inc
5.25%,
09/01/2035
235‌
242‌
$
509‌
Food
-
1
.54
%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
4.63%,
01/15/2027
(g)
285‌
285‌
B&G
Foods
Inc
5.25%,
09/15/2027
100‌
97‌
8.00%,
09/15/2028
(g)
644‌
608‌
Chobani
Holdco
II
LLC
8.75%,
PIK
9.50%;
10/01/2029
(g),(l),(n)
398‌
425‌
Chobani
LLC
/
Chobani
Finance
Corp
Inc
7.63%,
07/01/2029
(g)
345‌
359‌
Fiesta
Purchaser
Inc
7.88%,
03/01/2031
(g)
345‌
355‌
Grupo
Nutresa
SA
8.00%,
05/12/2030
(g)
300‌
319‌
JBS
NV/JBS
USA
Foods
Group
Holdings
Inc/JBS
USA
Food
Co
Holdings
4.38%,
02/02/2052
1,421‌
1,111‌
5.50%,
01/15/2036
250‌
254‌
5.95%,
04/20/2035
775‌
814‌
6.38%,
02/25/2055
340‌
351‌
6.38%,
04/15/2066
410‌
414‌
Mars
Inc
5.20%,
03/01/2035
(g)
1,360‌
1,392‌
5.70%,
05/01/2055
(g)
1,009‌
1,006‌
$
7,790‌
Forest
Products
&
Paper
-
0
.03
%
Mercer
International
Inc
5.13%,
02/01/2029
110‌
68‌
12.88%,
10/01/2028
(g)
125‌
91‌
$
159‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
16
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Gas
-
0
.43
%
Boston
Gas
Co
5.84%,
01/10/2035
(g)
$
250‌
$
264‌
Grupo
Energia
Bogota
SA
ESP
5.75%,
10/22/2035
(g)
400‌
391‌
NiSource
Inc
6.95%,
11/30/2054
(i)
835‌
870‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.45%
Southern
California
Gas
Co
6.00%,
06/15/2055
655‌
671‌
$
2,196‌
Healthcare
-
Services
-
0
.69
%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(g)
570‌
547‌
7.38%,
03/15/2033
(a),(g)
177‌
175‌
Centene
Corp
4.25%,
12/15/2027
125‌
124‌
Global
Medical
Response
Inc
7.38%,
10/01/2032
(g)
240‌
248‌
HCA
Inc
5.45%,
04/01/2031
265‌
276‌
LifePoint
Health
Inc
8.38%,
02/15/2032
(g)
706‌
767‌
11.00%,
10/15/2030
(g)
220‌
240‌
Tenet
Healthcare
Corp
6.13%,
06/15/2030
261‌
266‌
UnitedHealth
Group
Inc
4.75%,
05/15/2052
625‌
537‌
5.75%,
07/15/2064
320‌
311‌
$
3,491‌
Home
Builders
-
0
.16
%
Adams
Homes
Inc
9.25%,
10/15/2028
(g)
285‌
297‌
K
Hovnanian
Enterprises
Inc
8.38%,
10/01/2033
(g)
485‌
496‌
$
793‌
Home
Equity
Asset
Backed
Securities
-
0
.12
%
Chase
Funding
Trust
Series
2003-5
4.39%,
07/25/2033
363‌
364‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.71%
First
NLC
Trust
2005-1
2.47%,
05/25/2035
139‌
125‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.61%
Saxon
Asset
Securities
Trust
2004-1
0.64%,
03/25/2035
207‌
119‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.81%
$
608‌
Insurance
-
0
.89
%
Allianz
SE
6.55%,
10/30/2033
(g),(i),(j),(k)
400‌
416‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.32%
American
International
Group
Inc
5.45%,
05/07/2035
295‌
306‌
Aon
North
America
Inc
5.75%,
03/01/2054
685‌
683‌
Arthur
J
Gallagher
&
Co
5.15%,
02/15/2035
170‌
171‌
5.55%,
02/15/2055
45‌
43‌
Asurion
LLC
and
Asurion
Co-Issuer
Inc
8.00%,
12/31/2032
(g)
600‌
627‌
8.38%,
02/01/2034
(g)
125‌
126‌
Corebridge
Financial
Inc
5.75%,
01/15/2034
235‌
246‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Markel
Group
Inc
6.00%,
05/16/2054
$
210‌
$
212‌
Marsh
&
McLennan
Cos
Inc
6.25%,
11/01/2052
160‌
173‌
MetLife
Inc
5.00%,
07/15/2052
140‌
128‌
5.30%,
12/15/2034
130‌
135‌
Northwestern
Mutual
Life
Insurance
Co/The
6.17%,
05/29/2055
(g)
300‌
319‌
Protective
Life
Corp
4.70%,
01/15/2031
(g)
375‌
376‌
Teachers
Insurance
&
Annuity
Association
of
America
4.27%,
05/15/2047
(g)
200‌
165‌
Willis
North
America
Inc
4.55%,
03/15/2031
405‌
405‌
$
4,531‌
Internet
-
0
.55
%
Beignet
Investor
LLC
6.58%,
05/30/2049
(g)
1,160‌
1,208‌
Cogent
Communications
Group
LLC
/
Cogent
Finance
Inc
7.00%,
06/15/2027
(g)
45‌
45‌
MercadoLibre
Inc
4.90%,
01/15/2033
700‌
693‌
Meta
Platforms
Inc
4.45%,
08/15/2052
925‌
742‌
5.63%,
11/15/2055
115‌
109‌
$
2,797‌
Investment
Companies
-
0
.31
%
HA
Sustainable
Infrastructure
Capital
Inc
8.00%,
06/01/2056
(i)
535‌
561‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.30%
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.38%,
06/15/2026
(g)
22‌
22‌
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.38%,
02/01/2029
675‌
596‌
5.25%,
05/15/2027
155‌
153‌
6.25%,
05/15/2026
19‌
19‌
10.00%,
11/15/2029
(g)
222‌
224‌
$
1,575‌
Iron
&
Steel
-
0
.12
%
Vale
Overseas
Ltd
6.00%,
02/25/2056
(g),(i)
600‌
602‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.43%
Leisure
Products
&
Services
-
0
.08
%
NCL
Finance
Ltd
6.13%,
03/15/2028
(g)
340‌
350‌
Patrick
Industries
Inc
4.75%,
05/01/2029
(g)
75‌
74‌
$
424‌
Lodging
-
0
.16
%
Wynn
Macau
Ltd
5.63%,
08/26/2028
(g)
805‌
803‌
Machinery
-
Diversified
-
0
.12
%
Maxim
Crane
Works
Holdings
Capital
LLC
11.50%,
09/01/2028
(g)
550‌
586‌
Media
-
0
.92
%
AMC
Networks
Inc
10.25%,
01/15/2029
(g)
154‌
161‌
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.50%,
08/15/2030
(g)
514‌
483‌
4.50%,
06/01/2033
(g)
48‌
42‌
5.38%,
06/01/2029
(g)
205‌
203‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
17
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
3.90%,
06/01/2052
$
860‌
$
562‌
Comcast
Corp
2.94%,
11/01/2056
405‌
228‌
Directv
Financing
LLC
8.88%,
02/01/2030
(g)
340‌
345‌
8.88%,
02/01/2030
(g)
299‌
303‌
Directv
Financing
LLC
/
Directv
Financing
Co-
Obligor
Inc
5.88%,
08/15/2027
(g)
21‌
21‌
10.00%,
02/15/2031
(g)
35‌
36‌
Discovery
Communications
LLC
4.13%,
05/15/2029
270‌
262‌
DISH
Network
Corp
11.75%,
11/15/2027
(g)
347‌
359‌
iHeartCommunications
Inc
4.75%,
01/15/2028
(g)
96‌
87‌
7.75%,
08/15/2030
(g)
276‌
236‌
Paramount
Global
4.20%,
05/19/2032
375‌
339‌
Sinclair
Television
Group
Inc
8.13%,
02/15/2033
(g)
731‌
756‌
Ziggo
BV
4.88%,
01/15/2030
(g)
261‌
246‌
$
4,669‌
Metal
Fabrication
&
Hardware
-
0
.07
%
TMS
International
Corp/DE
6.25%,
04/15/2029
(g)
385‌
375‌
Mining
-
0
.57
%
Antofagasta
PLC
5.63%,
09/09/2035
(g)
300‌
308‌
First
Quantum
Minerals
Ltd
8.00%,
03/01/2033
(g)
550‌
590‌
Glencore
Funding
LLC
5.19%,
04/01/2030
(g)
560‌
576‌
5.37%,
04/04/2029
(g)
485‌
502‌
Taseko
Mines
Ltd
8.25%,
05/01/2030
(g)
590‌
626‌
Vedanta
Resources
Finance
II
PLC
9.48%,
07/24/2030
(g)
270‌
285‌
$
2,887‌
Mortgage
Backed
Securities
-
3
.16
%
Fannie
Mae
REMICS
2.24%,
08/25/2049
(m)
5,151‌
571‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.24%,
06/25/2050
(m)
2,189‌
261‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.29%,
08/25/2043
(m)
1,004‌
103‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.99%
2.29%,
12/25/2044
(m)
4,469‌
494‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.99%
2.34%,
12/25/2042
(m)
3,791‌
391‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.04%
2.34%,
01/25/2048
(m)
1,477‌
177‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.04%
2.39%,
03/25/2048
(m)
1,786‌
215‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
2.39%,
06/25/2048
(m)
1,974‌
237‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Fannie
Mae
REMICS
(continued)
3.00%,
04/25/2027
(m)
$
93‌
$
1‌
3.00%,
09/25/2050
(m)
1,787‌
284‌
3.50%,
09/25/2027
(m)
178‌
3‌
3.50%,
11/25/2027
(m)
41‌
1‌
3.50%,
05/25/2028
(m)
53‌
1‌
4.00%,
04/25/2043
(m)
78‌
4‌
Freddie
Mac
REMICS
2.00%,
02/15/2036
17‌
16‌
2.23%,
10/15/2046
(m)
2,456‌
291‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.34%,
06/25/2050
(m)
2,031‌
242‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.04%
3.00%,
05/15/2027
(m)
75‌
1‌
3.00%,
10/15/2027
(m)
42‌
1‌
3.00%,
02/15/2029
(m)
176‌
2‌
3.50%,
02/15/2028
(m)
82‌
1‌
3.50%,
03/15/2041
(m)
380‌
9‌
4.27%,
05/15/2049
1,942‌
1,911‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.56%
Ginnie
Mae
1.80%,
04/20/2052
(m)
2,188‌
218‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.50%
2.26%,
12/16/2043
(m)
2,194‌
205‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
2.26%,
05/20/2046
(m)
247‌
28‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
2.26%,
03/20/2050
(m)
2,812‌
345‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
2.31%,
11/20/2046
(m)
1,852‌
225‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
2.36%,
08/20/2044
(m)
819‌
97‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.04%
2.36%,
03/20/2047
(m)
1,025‌
126‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.04%
2.41%,
10/20/2045
(m)
846‌
100‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
2.41%,
08/20/2047
(m)
3,708‌
492‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
2.41%,
08/20/2047
(m)
1,187‌
149‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
2.41%,
08/20/2047
(m)
413‌
63‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
2.41%,
11/20/2047
(m)
620‌
77‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
2.46%,
06/20/2045
(m)
1,100‌
137‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.14%
2.46%,
10/20/2047
(m)
1,581‌
245‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.14%
2.50%,
12/20/2050
(m)
2,447‌
390‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
18
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Ginnie
Mae
(continued)
2.51%,
08/20/2050
(m)
$
2,210‌
$
305‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.51%,
11/20/2050
(m)
1,578‌
226‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.51%,
06/20/2051
(m)
3,054‌
447‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.51%,
08/20/2051
(m)
1,475‌
201‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.55%,
09/20/2050
(m)
1,642‌
239‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.25%
2.93%,
04/20/2041
(m)
416‌
57‌
(1.10)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.97%
3.00%,
07/20/2050
(m)
479‌
76‌
3.00%,
11/20/2050
(m)
1,300‌
223‌
3.00%,
11/20/2050
(m)
1,782‌
301‌
3.00%,
11/20/2050
(m)
2,050‌
368‌
3.50%,
01/20/2043
(m)
1,556‌
244‌
3.50%,
10/20/2049
(m)
741‌
141‌
4.00%,
09/20/2040
(m)
169‌
4‌
4.50%,
05/16/2043
(m)
644‌
105‌
JP
Morgan
Mortgage
Trust
2024-1
6.00%,
06/25/2054
(g),(l)
494‌
494‌
JP
Morgan
Mortgage
Trust
2025-1
6.00%,
06/25/2055
(g),(l)
1,269‌
1,282‌
JP
Morgan
Mortgage
Trust
Series
2024-4
6.00%,
10/25/2054
(g),(l)
584‌
583‌
Sequoia
Mortgage
Trust
2024-2
6.00%,
03/25/2054
(g),(l)
714‌
715‌
Sequoia
Mortgage
Trust
2024-3
6.00%,
04/25/2054
(g),(l)
1,270‌
1,273‌
Sequoia
Mortgage
Trust
2025-S2
4.00%,
11/25/2055
(g),(l)
644‌
620‌
$
16,018‌
Oil
&
Gas
-
1
.00
%
Aethon
United
BR
LP
/
Aethon
United
Finance
Corp
7.50%,
10/01/2029
(g)
408‌
429‌
Chord
Energy
Corp
6.00%,
10/01/2030
(g)
330‌
336‌
ConocoPhillips
Co
5.50%,
01/15/2055
300‌
289‌
Diamondback
Energy
Inc
5.75%,
04/18/2054
735‌
702‌
Ecopetrol
SA
8.88%,
01/13/2033
250‌
269‌
Matador
Resources
Co
6.25%,
04/15/2033
(g)
971‌
979‌
Northern
Oil
&
Gas
Inc
7.88%,
10/15/2033
(g)
802‌
810‌
Permian
Resources
Operating
LLC
8.00%,
04/15/2027
(g)
200‌
202‌
Pertamina
Persero
PT
3.10%,
08/27/2030
(g)
200‌
186‌
Petroleos
Mexicanos
7.69%,
01/23/2050
225‌
202‌
Sunoco
LP
5.88%,
03/15/2034
(g)
643‌
645‌
$
5,049‌
Oil
&
Gas
Services
-
0
.07
%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp
6.25%,
04/01/2028
(g)
285‌
286‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
Services
(continued)
Enerflex
Inc
6.88%,
01/15/2031
(g)
$
80‌
$
82‌
$
368‌
Other
Asset
Backed
Securities
-
5
.01
%
Bluepeak
ABS
Issuer
LLC
5.86%,
12/20/2055
(g)
500‌
509‌
Consolidated
Communications
LLC/Fidium
Fiber
Finance
Holdco
LLC
5.52%,
12/20/2055
(g)
1,575‌
1,595‌
6.00%,
05/20/2055
(g)
1,000‌
1,024‌
DataBank
Issuer
5.81%,
02/25/2056
(g),(h)
630‌
633‌
Hilton
Grand
Vacations
Trust
2024-3
4.98%,
08/27/2040
(g)
587‌
593‌
Hotwire
Funding
LLC
2.31%,
11/20/2051
(g)
1,250‌
1,228‌
Kinetic
ABS
Issuer
LLC
5.22%,
02/25/2056
(g)
3,100‌
3,104‌
MetroNet
Infrastructure
Issuer
LLC
5.16%,
12/20/2055
(g)
3,600‌
3,629‌
QTS
Issuer
ABS
II
LLC
5.85%,
01/05/2056
(g)
1,000‌
1,002‌
Sotheby's
Artfi
Master
Trust
4.80%,
06/20/2033
(g),(h)
3,200‌
3,201‌
Summit
Issuer
LLC
5.21%,
11/20/2055
(g)
1,500‌
1,512‌
Switch
ABS
Issuer
LLC
5.12%,
10/25/2055
(g)
2,165‌
2,158‌
Verizon
Master
Trust
Series
2025-2
4.94%,
01/20/2033
(g)
235‌
241‌
Zayo
Issuer
LLC
5.57%,
10/20/2055
(g)
2,600‌
2,616‌
5.65%,
03/20/2055
(g)
300‌
306‌
5.72%,
10/20/2055
(g)
300‌
299‌
5.95%,
06/20/2055
(g)
1,700‌
1,745‌
$
25,395‌
Packaging
&
Containers
-
0
.71
%
Clydesdale
Acquisition
Holdings
Inc
6.63%,
04/15/2029
(g)
115‌
116‌
6.75%,
04/15/2032
(g)
310‌
312‌
8.75%,
04/15/2030
(g)
165‌
165‌
LABL
Inc
5.88%,
11/01/2028
(g)
185‌
84‌
8.63%,
10/01/2031
(g)
100‌
46‌
9.50%,
11/01/2028
(g)
310‌
141‌
Mauser
Packaging
Solutions
Holding
Co
7.88%,
04/15/2030
(g)
484‌
493‌
9.25%,
04/15/2030
(g)
314‌
309‌
Packaging
Corp
of
America
5.20%,
08/15/2035
760‌
771‌
Smurfit
Kappa
Treasury
ULC
5.20%,
01/15/2030
1,125‌
1,159‌
$
3,596‌
Pharmaceuticals
-
0
.92
%
1261229
BC
Ltd
10.00%,
04/15/2032
(g)
310‌
318‌
AbbVie
Inc
4.25%,
11/21/2049
615‌
507‌
5.50%,
03/15/2064
230‌
223‌
AdaptHealth
LLC
6.13%,
08/01/2028
(g)
290‌
291‌
CVS
Health
Corp
5.45%,
09/15/2035
475‌
483‌
Eli
Lilly
&
Co
5.50%,
02/12/2055
330‌
328‌
5.65%,
10/15/2065
415‌
415‌
Endo
Finance
Holdings
LP
8.50%,
04/15/2031
(g)
685‌
725‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
19
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Jazz
Securities
DAC
4.38%,
01/15/2029
(g)
$
285‌
$
280‌
Zoetis
Inc
5.00%,
08/17/2035
1,095‌
1,103‌
$
4,673‌
Pipelines
-
1
.78
%
Cheniere
Energy
Inc
5.65%,
04/15/2034
605‌
627‌
DT
Midstream
Inc
4.13%,
06/15/2029
(g)
1,665‌
1,646‌
Energy
Transfer
LP
3.75%,
05/15/2030
965‌
940‌
4.55%,
01/15/2031
520‌
520‌
5.15%,
03/15/2045
750‌
667‌
5.25%,
07/01/2029
275‌
284‌
6.50%,
02/15/2056
(i)
1,008‌
1,008‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
Harvest
Midstream
I
LP
7.50%,
09/01/2028
(g)
91‌
92‌
Kinder
Morgan
Inc
5.40%,
02/01/2034
650‌
672‌
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp
8.13%,
02/15/2029
(g)
170‌
176‌
ONEOK
Inc
4.75%,
10/15/2031
570‌
573‌
5.70%,
11/01/2054
600‌
561‌
Transcontinental
Gas
Pipe
Line
Co
LLC
5.75%,
03/15/2056
(g)
145‌
144‌
Venture
Global
LNG
Inc
8.38%,
06/01/2031
(g)
160‌
164‌
9.00%,
09/30/2029
(g),(i),(j)
437‌
384‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.44%
9.50%,
02/01/2029
(g)
545‌
580‌
$
9,038‌
REITs
-
0
.96
%
American
Homes
4
Rent
LP
3.38%,
07/15/2051
350‌
234‌
4.95%,
06/15/2030
175‌
177‌
5.50%,
07/15/2034
425‌
435‌
Arbor
Realty
SR
Inc
7.88%,
07/15/2030
(g)
405‌
371‌
8.50%,
12/15/2028
(g)
560‌
546‌
CFE
Fibra
E
5.88%,
09/23/2040
(g)
397‌
392‌
EF
Holdco
/
EF
Cayman
Hold
/
Ellington
Fin
REIT
Cayman/TRS
/
EF
Cayman
Non-MTM
7.38%,
09/30/2030
(g)
665‌
672‌
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp
4.75%,
06/15/2029
(g)
514‌
510‌
Park
Intermediate
Holdings
LLC
/
PK
Domestic
Property
LLC
/
PK
Finance
Co-Issuer
4.88%,
05/15/2029
(g)
270‌
264‌
7.00%,
02/01/2030
(g)
150‌
155‌
Uniti
Group
LP
/
Uniti
Fiber
Holdings
Inc
/
CSL
Capital
LLC
6.00%,
01/15/2030
(g)
625‌
595‌
XHR
LP
4.88%,
06/01/2029
(g)
511‌
504‌
6.63%,
05/15/2030
(g)
25‌
26‌
$
4,881‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
-
0
.73
%
Bath
&
Body
Works
Inc
5.25%,
02/01/2028
$
465‌
$
469‌
6.63%,
10/01/2030
(g)
150‌
154‌
6.75%,
07/01/2036
112‌
112‌
6.95%,
03/01/2033
130‌
129‌
Carvana
Co
9.00%,
06/01/2030
(g),(l)
475‌
495‌
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
4.63%,
01/15/2029
(g)
335‌
324‌
Michaels
Cos
Inc/The
7.88%,
05/01/2029
(g)
125‌
122‌
Park
River
Holdings
Inc
8.00%,
03/15/2031
(g)
555‌
572‌
Specialty
Building
Products
Holdings
LLC
/
SBP
Finance
Corp
7.75%,
10/15/2029
(g)
657‌
655‌
Victra
Holdings
LLC
/
Victra
Finance
Corp
8.75%,
09/15/2029
(g)
655‌
689‌
$
3,721‌
Semiconductors
-
2
.00
%
ams-OSRAM
AG
12.25%,
03/30/2029
(g)
150‌
159‌
Broadcom
Inc
3.42%,
04/15/2033
2,615‌
2,416‌
4.35%,
02/15/2030
450‌
453‌
4.55%,
02/15/2032
215‌
215‌
4.60%,
01/15/2033
865‌
863‌
5.05%,
07/12/2029
300‌
309‌
5.15%,
11/15/2031
340‌
352‌
5.20%,
07/15/2035
675‌
690‌
Intel
Corp
4.75%,
03/25/2050
575‌
476‌
Kioxia
Holdings
Corp
6.25%,
07/24/2030
(g)
200‌
207‌
6.63%,
07/24/2033
(g)
200‌
209‌
Marvell
Technology
Inc
2.95%,
04/15/2031
465‌
431‌
4.75%,
07/15/2030
250‌
253‌
5.45%,
07/15/2035
360‌
370‌
5.95%,
09/15/2033
510‌
542‌
Micron
Technology
Inc
5.30%,
01/15/2031
790‌
821‌
5.80%,
01/15/2035
1,320‌
1,399‌
$
10,165‌
Shipbuilding
-
0
.05
%
Huntington
Ingalls
Industries
Inc
5.75%,
01/15/2035
250‌
264‌
Software
-
0
.77
%
Cloud
Software
Group
Inc
9.00%,
09/30/2029
(g)
185‌
187‌
Oracle
Corp
3.95%,
03/25/2051
915‌
600‌
4.00%,
07/15/2046
250‌
172‌
4.80%,
09/26/2032
165‌
160‌
5.20%,
09/26/2035
410‌
391‌
5.55%,
02/06/2053
560‌
466‌
5.95%,
09/26/2055
380‌
335‌
Synopsys
Inc
5.70%,
04/01/2055
330‌
325‌
VMware
LLC
1.80%,
08/15/2028
1,360‌
1,289‌
$
3,925‌
Sovereign
-
0
.32
%
Colombia
Government
International
Bond
6.13%,
01/21/2031
300‌
299‌
Israel
Government
International
Bond
5.00%,
01/13/2036
550‌
542‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
20
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Istanbul
Metropolitan
Municipality
10.50%,
12/06/2028
(g)
$
300‌
$
329‌
Republic
of
South
Africa
Government
International
Bond
7.25%,
12/11/2055
(g)
200‌
194‌
Romanian
Government
International
Bond
6.63%,
05/16/2036
(g)
250‌
262‌
$
1,626‌
Telecommunications
-
2
.55
%
Altice
France
SA
6.50%,
04/15/2032
(g)
230‌
225‌
9.50%,
11/01/2029
(g)
637‌
653‌
AT&T
Inc
3.50%,
09/15/2053
608‌
406‌
3.55%,
09/15/2055
855‌
568‌
Digicel
International
Finance
Ltd
/
Difl
US
LLC
8.63%,
08/01/2032
(g)
636‌
661‌
EchoStar
Corp
10.75%,
11/30/2029
916‌
1,005‌
Level
3
Financing
Inc
8.50%,
01/15/2036
(g)
485‌
497‌
T-Mobile
USA
Inc
2.40%,
03/15/2029
910‌
864‌
2.55%,
02/15/2031
820‌
750‌
2.88%,
02/15/2031
1,255‌
1,166‌
3.40%,
10/15/2052
420‌
281‌
4.63%,
01/15/2033
705‌
700‌
4.95%,
11/15/2035
885‌
877‌
5.13%,
05/15/2032
500‌
514‌
5.88%,
11/15/2055
550‌
546‌
Uniti
Group
LP
/
Uniti
Group
Finance
2019
Inc
/
CSL
Capital
LLC
8.63%,
06/15/2032
(g),(h)
335‌
338‌
8.63%,
06/15/2032
(g)
150‌
151‌
Uniti
Services
LLC
7.50%,
10/15/2033
(g)
46‌
48‌
Verizon
Communications
Inc
2.55%,
03/21/2031
1,131‌
1,033‌
2.88%,
11/20/2050
220‌
136‌
5.00%,
01/15/2036
105‌
104‌
5.88%,
11/30/2055
345‌
341‌
Viasat
Inc
7.50%,
05/30/2031
(g)
790‌
767‌
Viavi
Solutions
Inc
3.75%,
10/01/2029
(g)
190‌
181‌
Zayo
Group
Holdings
Inc
9.25%,
PIK
0.00%;
03/09/2030
(g),(l),(n)
132‌
129‌
$
12,941‌
Transportation
-
0
.31
%
Burlington
Northern
Santa
Fe
LLC
4.45%,
01/15/2053
185‌
156‌
5.55%,
03/15/2056
405‌
400‌
Eletson
Holdings
Inc
-
Escrow
0.00%,
01/15/2022
(e),(f)
1,749‌
—‌
Navios
Maritime
Partners
LP
7.75%,
11/07/2030
(g)
200‌
202‌
Norfolk
Southern
Corp
5.35%,
08/01/2054
170‌
163‌
RXO
Inc
7.50%,
11/15/2027
(g)
160‌
163‌
Watco
Cos
LLC
/
Watco
Finance
Corp
7.13%,
08/01/2032
(g)
455‌
477‌
$
1,561‌
Water
-
0
.12
%
Aegea
Finance
Sarl
9.00%,
01/20/2031
(g)
550‌
585‌
TOTAL
BONDS
$
312,158‌
SENIOR
FLOATING
RATE
INTERESTS
-
2
.67
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
0
.10
%
TransDigm
Inc
;
Term
Loan
J
6.17%,
02/28/2031
$
482‌
$
482‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Airlines
-
0
.12
%
AAdvantage
Loyalty
IP
Ltd
;
Term
Loan
B
5.92%,
04/20/2028
125‌
125‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
United
Airlines
Inc
;
Term
Loan
B
5.67%,
02/22/2031
477‌
477‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
$
602‌
Chemicals
-
0
.11
%
Advancion
Holdings
LLC
;
Term
Loan
11.52%,
11/24/2028
544‌
486‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.75%
Consolidated
Energy
Finance
SA
;
Term
Loan
B
8.27%,
11/15/2030
74‌
65‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
$
551‌
Commercial
Services
-
0
.18
%
Shift4
Payments
LLC
;
Term
Loan
B
5.65%,
06/30/2032
439‌
441‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Veritiv
Operating
Co
;
Term
Loan
B
7.67%,
11/30/2030
505‌
494‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
935‌
Computers
-
0
.08
%
McAfee
Corp
;
Term
Loan
B1
6.67%,
03/01/2029
438‌
386‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Consumer
Products
-
0
.10
%
Kronos
Acquisition
Holdings
Inc
;
Term
Loan
B
7.67%,
06/27/2031
735‌
506‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Diversified
Financial
Services
-
0
.11
%
Jane
Street
Group
LLC
;
Term
Loan
B
5.82%,
12/15/2031
551‌
546‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
Food
-
0
.14
%
Fiesta
Purchaser
Inc
;
Term
Loan
B
6.42%,
02/12/2031
752‌
729‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Healthcare
-
Services
-
0
.04
%
LifePoint
Health
Inc
;
Term
Loan
B
7.42%,
05/16/2031
220‌
220‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Insurance
-
0
.04
%
Asurion
LLC
;
Term
Loan
B4
9.04%,
01/20/2029
206‌
206‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
21
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
-
0
.13
%
iliad
SA
;
Term
Loan
6.42%,
02/01/2029
$
677‌
$
676‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Lodging
-
0
.15
%
Fertitta
Entertainment
LLC/NV
;
Term
Loan
B
6.92%,
01/27/2029
762‌
760‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Machinery
-
Diversified
-
0
.01
%
TK
Elevator
US
Newco
Inc
;
Term
Loan
B
6.95%,
04/30/2030
25‌
25‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Media
-
0
.25
%
Directv
Financing
LLC
;
Tern
Loan
Extended
9.18%,
08/02/2029
202‌
202‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
Directv
Financing
LLC
;
Term
Loan
B
9.17%,
02/15/2031
431‌
431‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.50%
iHeartCommunications
Inc
;
Term
Loan
9.56%,
05/01/2029
705‌
644‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.78%
$
1,277‌
Mining
-
0
.10
%
Arsenal
AIC
Parent
LLC
;
Term
Loan
B
6.42%,
08/18/2030
513‌
513‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Oil
&
Gas
Services
-
0
.09
%
Deep
Blue
Operating
I
LLC
;
Term
Loan
B
6.44%,
10/01/2032
435‌
436‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Packaging
&
Containers
-
0
.20
%
Clydesdale
Acquisition
Holdings
Inc
;
Term
Loan
B
6.92%,
03/26/2032
440‌
437‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
LABL
Inc
;
Term
Loan
B
8.77%,
10/27/2028
551‌
250‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Mauser
Packaging
Solutions
Holding
Co
;
Term
Loan
B
7.23%,
04/15/2030
323‌
315‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
1,002‌
Pharmaceuticals
-
0
.33
%
1261229
BC
Ltd
;
Term
Loan
B
9.92%,
10/08/2030
843‌
821‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Endo
Finance
Holdings
LP
;
Term
Loan
B
7.42%,
04/23/2031
683‌
683‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Jazz
Financing
Lux
Sarl
;
Term
Loan
B2
7.01%,
05/05/2028
190‌
190‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
$
1,694‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
-
0
.04
%
NGL
Energy
Operating
LLC
;
Term
Loan
B
7.17%,
02/03/2031
$
212‌
$
213‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Retail
-
0
.14
%
IRB
Holding
Corp
;
Term
Loan
B
6.17%,
12/15/2030
248‌
248‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Michaels
Cos
Inc/The
;
Term
Loan
0.00%,
05/15/2028
(o)
450‌
445‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
$
693‌
Software
-
0
.09
%
Cloud
Software
Group
Inc
;
Term
Loan
B1
0.00%,
08/13/2032
(o)
455‌
441‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Telecommunications
-
0
.12
%
Zayo
Group
Holdings
Inc
;
PIK
Term
Loan
6.79%,
PIK
0.50%;
03/11/2030
(n)
652‌
627‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
13,520‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
26
.93
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
1
.05
%
3.00%,
01/01/2043
$
1,007‌
$
934‌
3.00%,
02/01/2043
466‌
432‌
4.00%,
02/01/2046
1,808‌
1,766‌
4.50%,
04/01/2031
140‌
142‌
4.50%,
04/01/2041
1,190‌
1,195‌
5.00%,
06/01/2031
99‌
101‌
5.50%,
05/01/2033
13‌
13‌
5.50%,
12/01/2033
156‌
159‌
5.50%,
11/01/2036
205‌
213‌
5.50%,
04/01/2038
43‌
45‌
5.50%,
08/01/2038
104‌
108‌
6.00%,
12/01/2031
5‌
5‌
6.00%,
12/01/2032
6‌
6‌
6.00%,
02/01/2033
28‌
28‌
6.00%,
12/01/2033
14‌
14‌
6.00%,
10/01/2036
59‌
63‌
6.00%,
07/01/2038
61‌
64‌
6.50%,
03/01/2029
1‌
1‌
6.50%,
05/01/2029
1‌
1‌
6.50%,
04/01/2031
1‌
1‌
6.50%,
05/01/2032
2‌
2‌
6.50%,
10/01/2035
16‌
17‌
7.00%,
12/01/2029
1‌
1‌
7.00%,
06/01/2030
2‌
2‌
7.50%,
01/01/2031
1‌
2‌
7.50%,
02/01/2032
1‌
1‌
8.00%,
09/01/2030
24‌
25‌
$
5,341‌
Federal
National
Mortgage
Association
(FNMA)
-
0
.16
%
5.00%,
07/01/2044
655‌
672‌
6.31%,
07/01/2033
161‌
165‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.57%
$
837‌
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
16
.54
%
2.00%,
01/01/2051
3,542‌
2,969‌
2.00%,
02/01/2051
1,935‌
1,611‌
2.00%,
05/01/2051
604‌
494‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
22
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
2.00%,
11/01/2051
$
1,842‌
$
1,522‌
2.00%,
11/01/2051
4,028‌
3,326‌
2.00%,
12/01/2051
3,673‌
3,028‌
2.00%,
05/01/2052
2,597‌
2,154‌
2.50%,
10/01/2050
1,356‌
1,164‌
2.50%,
02/01/2051
2,286‌
1,990‌
2.50%,
07/01/2051
2,601‌
2,252‌
2.50%,
09/01/2051
1,197‌
1,037‌
2.50%,
11/01/2051
1,621‌
1,405‌
2.50%,
04/01/2052
2,779‌
2,397‌
2.50%,
10/01/2053
488‌
418‌
3.00%,
10/01/2029
14‌
13‌
3.00%,
09/01/2032
40‌
39‌
3.00%,
04/01/2043
158‌
146‌
3.00%,
05/01/2043
292‌
270‌
3.00%,
12/01/2048
54‌
49‌
3.00%,
11/01/2050
643‌
584‌
3.00%,
03/01/2052
2,719‌
2,449‌
3.50%,
02/01/2033
7‌
7‌
3.50%,
04/01/2047
64‌
61‌
3.50%,
10/01/2047
28‌
27‌
3.50%,
11/01/2047
738‌
698‌
3.50%,
03/01/2048
15‌
14‌
4.00%,
02/01/2031
48‌
48‌
4.00%,
05/01/2047
1,779‌
1,713‌
4.00%,
06/01/2048
6‌
6‌
4.00%,
08/01/2052
1,894‌
1,827‌
4.00%,
07/01/2053
1,613‌
1,549‌
4.00%,
08/01/2053
2,033‌
1,944‌
4.50%,
06/01/2044
272‌
272‌
4.50%,
08/01/2052
1,042‌
1,030‌
4.50%,
09/01/2052
2,941‌
2,904‌
4.50%,
10/01/2052
1,150‌
1,132‌
4.50%,
07/01/2053
987‌
975‌
4.50%,
07/01/2053
630‌
625‌
4.50%,
08/01/2053
975‌
958‌
4.50%,
01/01/2054
992‌
981‌
5.00%,
06/01/2048
463‌
472‌
5.00%,
07/01/2052
883‌
895‌
5.00%,
09/01/2052
1,222‌
1,237‌
5.00%,
06/01/2053
2,240‌
2,261‌
5.00%,
11/01/2054
1,411‌
1,426‌
5.00%,
11/01/2054
1,638‌
1,649‌
5.00%,
11/01/2054
1,005‌
1,005‌
5.00%,
12/01/2054
981‌
990‌
5.00%,
02/01/2055
2,055‌
2,073‌
5.50%,
07/01/2033
14‌
14‌
5.50%,
09/01/2033
32‌
33‌
5.50%,
05/01/2040
77‌
79‌
5.50%,
05/01/2053
2,294‌
2,360‌
5.50%,
11/01/2053
1,757‌
1,807‌
5.50%,
11/01/2053
1,665‌
1,709‌
5.50%,
03/01/2054
870‌
886‌
5.50%,
02/01/2055
2,131‌
2,184‌
5.50%,
04/01/2055
941‌
966‌
5.50%,
04/01/2055
601‌
615‌
5.50%,
06/01/2055
578‌
592‌
5.50%,
06/01/2055
1,617‌
1,658‌
5.50%,
08/01/2055
1,040‌
1,062‌
5.50%,
08/01/2055
1,064‌
1,092‌
6.00%,
05/01/2038
25‌
26‌
6.00%,
08/01/2038
117‌
122‌
6.00%,
08/01/2038
44‌
46‌
6.00%,
01/01/2053
1,194‌
1,253‌
6.00%,
04/01/2054
1,242‌
1,294‌
6.00%,
05/01/2054
976‌
1,016‌
6.00%,
06/01/2054
804‌
836‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
6.00%,
09/01/2054
$
1,190‌
$
1,239‌
6.00%,
11/01/2054
2,037‌
2,116‌
6.00%,
09/01/2055
942‌
978‌
6.50%,
12/01/2031
1‌
1‌
6.50%,
04/01/2032
1‌
1‌
6.50%,
07/01/2037
99‌
105‌
6.50%,
12/01/2037
72‌
77‌
6.50%,
02/01/2038
124‌
132‌
6.50%,
09/01/2038
112‌
119‌
6.50%,
05/01/2054
710‌
744‌
6.50%,
04/01/2055
597‌
629‌
7.00%,
03/01/2032
9‌
10‌
7.50%,
08/01/2032
2‌
2‌
$
83,899‌
Government
National
Mortgage
Association
(GNMA)
-
5
.83
%
2.00%,
07/20/2051
838‌
698‌
2.00%,
11/20/2051
1,065‌
886‌
2.50%,
06/20/2050
597‌
518‌
2.50%,
04/20/2051
1,153‌
999‌
2.50%,
05/20/2051
784‌
679‌
3.00%,
11/20/2046
1,002‌
919‌
3.50%,
03/15/2042
348‌
328‌
3.50%,
04/15/2042
373‌
351‌
4.00%,
04/20/2052
309‌
294‌
4.00%,
10/20/2052
1,864‌
1,778‌
4.50%,
09/15/2039
122‌
122‌
4.50%,
03/15/2040
552‌
555‌
4.50%,
09/20/2052
1,464‌
1,441‌
4.50%,
08/20/2053
957‌
939‌
4.50%,
11/20/2054
3,035‌
2,967‌
4.50%,
02/20/2056
(p)
2,890‌
2,822‌
5.00%,
12/20/2052
1,036‌
1,040‌
5.00%,
02/20/2053
1,493‌
1,501‌
5.00%,
05/20/2053
1,237‌
1,243‌
5.00%,
09/20/2053
1,040‌
1,044‌
5.00%,
04/20/2054
2,430‌
2,436‌
5.00%,
02/20/2056
(p)
2,595‌
2,594‌
5.50%,
05/20/2035
16‌
17‌
5.50%,
02/15/2038
197‌
206‌
5.50%,
06/20/2053
1,588‌
1,614‌
5.50%,
02/20/2056
(p)
1,475‌
1,491‌
6.00%,
07/20/2028
2‌
2‌
6.00%,
11/20/2028
3‌
3‌
6.00%,
01/20/2029
3‌
3‌
6.00%,
07/20/2029
1‌
1‌
6.00%,
08/15/2031
9‌
9‌
6.00%,
01/15/2032
1‌
1‌
6.00%,
02/15/2032
1‌
1‌
6.00%,
02/15/2033
8‌
8‌
6.00%,
12/15/2033
7‌
7‌
6.50%,
03/20/2028
1‌
1‌
6.50%,
05/20/2029
1‌
1‌
6.50%,
10/15/2032
2‌
2‌
6.50%,
12/15/2032
18‌
19‌
7.00%,
06/15/2031
2‌
2‌
7.00%,
06/15/2032
12‌
12‌
8.00%,
01/20/2031
1‌
1‌
$
29,555‌
U.S.
Treasury
-
3
.35
%
2.88%,
08/15/2045
7,200‌
5,388‌
3.63%,
08/31/2027
1,245‌
1,247‌
3.63%,
08/31/2030
4,500‌
4,471‌
3.88%,
08/15/2040
(q)
4,720‌
4,355‌
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
23
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
4.25%,
08/15/2035
$
1,550‌
$
1,551‌
$
17,012‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
136,644‌
Total
Investments
$
526,807‌
Other
Assets
and
Liabilities
-  (3.83)%
(
19,426‌
)
TOTAL
NET
ASSETS
-
100.00%
$
507,381‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$9,176
or
1.81%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$9,411
or
1.85%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(g)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$145,739
or
28.72%
of
net
assets.
(h)
Security
purchased
on
a
when-issued
basis.
(i)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(j)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(k)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$979
or
0.19%
of
net
assets.
(l)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(m)
Security
is
an
Interest
Only
Strip.
(n)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(o)
This
Senior
Floating
Rate
Note
will
settle
after
January
31,
2026,
at
which
time
the
interest
rate
will
be
determined.
(p)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(q)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,083
or
0.80%
of
net
assets.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
24,598‌
$
149,188‌
$
149,674‌
$
24,112‌
$
24,598‌
$
149,188‌
$
149,674‌
$
24,112‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
121‌
$
—‌
$
—‌
$
—‌
$
121‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Treasury
Note;
March
2026
Short
145‌
$
16,215‌
$
(
49‌
)
US
10
Year
Treasury
Ultra
Note;
March
2026
Short
17‌
1,941‌
(
1‌
)
US
2
Year
Treasury
Note;
March
2026
Long
293‌
61,088‌
(
95‌
)
US
5
Year
Treasury  Note;
March
2026
Long
147‌
16,013‌
(
47‌
)
US
Long
Bond;
March
2026
Long
130‌
14,966‌
(
188‌
)
US
Ultra
Bond;
March
2026
Long
80‌
9,395‌
(
82‌
)
Total
$
(
462‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
24
INVESTMENT
COMPANIES
-
8.01%
Shares
Held
Value
(000's)
Closed-End
Funds
-
0.19%
Variant
Alternative
Income
Fund
165,015‌
$
4,341‌
Exchange-Traded
Funds
-
3.31%
iShares
Broad
USD
High
Yield
Corporate
Bond
ETF
1,430,669‌
53,850‌
iShares
Core
U.S.
Aggregate
Bond
ETF
36,800‌
3,685‌
iShares
J.P.
Morgan
USD
Emerging
Markets
Bond
ETF
38,164‌
3,686‌
Vanguard
Intermediate-Term
Corporate
Bond
ETF
171,279‌
14,379‌
$
75,600‌
Money
Market
Funds
-
4.51%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
3,901,654‌
3,901‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
99,224,309‌
99,225‌
$
103,126‌
TOTAL
INVESTMENT
COMPANIES
$
183,067‌
COMMON
STOCKS
-
1.40%
Shares
Held
Value
(000's)
Healthcare
-
Services
-
0.04%
Sound
Inpatient
Physicians
Inc
-
Class
A
(d),(e)
4,565,306‌
$
816‌
Sound
Inpatient
Physicians
Inc
-
Class
A2
(d),(e)
204,373‌
204‌
$
1,020‌
Iron
&
Steel
-
0.23%
Specialty
Steel
Holdings,
Inc.
(d),(e),(f)
87‌
5,234‌
Mining
-
1.12%
Arctic
Canadian
Diamond
Co
Ltd
(d),(e),(g)
6,589‌
276‌
Real
Alloy
Holding
Inc
(e),(f)
362‌
25,236‌
$
25,512‌
Semiconductors
-
0.00%
Bright
Bidco
-
1145
Shares
(d)
10,688‌
4‌
Bright
Bidco
-
4A2
Shares
(d)
14,600‌
5‌
$
9‌
Software
-
0.00%
Riverbed
Technology
Inc
(d),(e)
13,889‌
—‌
Telecommunications
-
0.01%
Altice
France
SA
(d)
5,785‌
109‌
MLN
US
Holdco
LLC
(d),(e)
1,028‌
—‌
$
109‌
TOTAL
COMMON
STOCKS
$
31,884‌
PREFERRED
STOCKS
-
1.48%
Shares
Held
Value
(000's)
Banks
-
0.42%
Associated
Banc-Corp
6.63%,
03/01/2033
8,938‌
$
223‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.81%
Bank
of
Hawaii
Corp
4.38%,
08/01/2026
(h)
11,095‌
183‌
Bank
of
Hawaii
Corp
8.00%,
08/01/2029
(h)
3,257‌
86‌
Citigroup
Inc
0.00%,
02/15/2031
(d),(h),(i)
9,700‌
243‌
Citizens
Financial
Group
Inc
6.50%,
10/06/2030
(h)
64,541‌
1,649‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
Comerica
Inc
6.88%,
10/01/2030
(h)
25,441‌
655‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.13%
KeyCorp
6.13%,
12/15/2026
(h)
45,339‌
1,141‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
KeyCorp
6.20%,
12/15/2027
(h)
8,800‌
223‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.13%
M&T
Bank
Corp
6.35%,
12/15/2030
(h)
34,900‌
888‌
Morgan
Stanley
4.25%,
01/15/2027
(h),(j)
11,085‌
198‌
Morgan
Stanley
5.85%,
04/15/2027
(h)
59,100‌
1,455‌
3
Month
USD
LIBOR
+
3.49%
Morgan
Stanley
6.50%,
10/15/2027
(h)
8,715‌
222‌
Northern
Trust
Corp
4.70%,
04/01/2026
(h)
4,858‌
96‌
Regions
Financial
Corp
4.45%,
06/15/2026
(h)
15,000‌
260‌
Regions
Financial
Corp
5.70%,
05/15/2029
(h)
39,877‌
985‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.41%
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Regions
Financial
Corp
6.95%,
09/15/2029
(h)
5,900‌
$
150‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
UMB
Financial
Corp
7.75%,
07/15/2030
(h)
13,100‌
355‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.74%
Wells
Fargo
&
Co
4.70%,
03/15/2026
(h)
7,070‌
138‌
Wintrust
Financial
Corp
7.88%,
07/15/2030
(h)
16,800‌
446‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.88%
$
9,596‌
Diversified
Financial
Services
-
0.12%
Affiliated
Managers
Group
Inc
4.75%,
09/30/2060
12,636‌
221‌
Affiliated
Managers
Group
Inc
5.88%,
03/30/2059
7,463‌
160‌
Capital
One
Financial
Corp
4.80%,
06/01/2026
(h)
29,254‌
539‌
Stifel
Financial
Corp
4.50%,
08/15/2026
(h)
2,239‌
39‌
Voya
Financial
Inc
5.35%,
09/15/2029
(h)
77,215‌
1,883‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
$
2,842‌
Electric
-
0.40%
CMS
Energy
Corp
5.88%,
03/01/2079
159,839‌
3,844‌
DTE
Energy
Co
4.38%,
12/01/2081
13,005‌
231‌
DTE
Energy
Co
5.25%,
12/01/2077
35,000‌
783‌
Entergy
Louisiana
LLC
4.88%,
09/01/2066
9,359‌
195‌
NextEra
Energy
Capital
Holdings
Inc
5.65%,
03/01/2079
102,304‌
2,483‌
Southern
Co/The
5.25%,
12/01/2077
17,556‌
390‌
Xcel
Energy
Inc
6.25%,
10/15/2085
51,209‌
1,275‌
$
9,201‌
Insurance
-
0.13%
Allstate
Corp/The
4.75%,
04/15/2026
(h)
4,065‌
80‌
Allstate
Corp/The
5.10%,
04/15/2026
(h)
8,460‌
182‌
Axis
Capital
Holdings
Ltd
5.50%,
03/04/2026
(h)
28,448‌
577‌
Corebridge
Financial
Inc
6.38%,
12/15/2064
24,629‌
589‌
Equitable
Holdings
Inc
4.30%,
03/15/2026
(h)
5,055‌
84‌
Equitable
Holdings
Inc
5.25%,
03/15/2026
(h)
21,903‌
459‌
Globe
Life
Inc
4.25%,
06/15/2061
35,328‌
606‌
Prudential
Financial
Inc
5.63%,
08/15/2058
5,000‌
120‌
Prudential
Financial
Inc
5.95%,
09/01/2062
7,597‌
191‌
$
2,888‌
Pipelines
-
0.02%
TransCanada
PipeLines
Ltd
6.25%,
11/01/2085
17,987‌
446‌
REITs
-
0.37%
Kimco
Realty
Corp
5.25%,
03/05/2026
(h)
31,567‌
651‌
Prologis
Inc
8.54%,
11/13/2026
(h)
55,959‌
2,964‌
Public
Storage
3.95%,
08/17/2026
(h)
6,422‌
103‌
Public
Storage
4.00%,
06/16/2026
(h)
83,560‌
1,355‌
Public
Storage
4.13%,
03/04/2026
(h)
90,000‌
1,516‌
Public
Storage
4.63%,
03/04/2026
(h)
10,486‌
200‌
Public
Storage
4.70%,
03/05/2026
(h)
28,130‌
536‌
Public
Storage
5.60%,
03/05/2026
(h)
51,653‌
1,217‌
$
8,542‌
Telecommunications
-
0.02%
T-Mobile
USA
Inc
5.50%,
03/01/2070
17,170‌
393‌
TOTAL
PREFERRED
STOCKS
$
33,908‌
BONDS
-
72.58%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.21%
Clear
Channel
Outdoor
Holdings
Inc
7.50%,
03/15/2033
(k)
$
1,790‌
$
1,902‌
Lamar
Media
Corp
5.38%,
11/01/2033
(k)
400‌
399‌
MMS
USA
Holdings
Inc
1.25%,
06/13/2028
EUR
100‌
115‌
Omnicom
Group
Inc
4.20%,
06/01/2030
$
100‌
99‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
25
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Advertising
(continued)
Outfront
Media
Capital
LLC
/
Outfront
Media
Capital
Corp
4.25%,
01/15/2029
(k)
$
350‌
$
342‌
4.63%,
03/15/2030
(k)
1,850‌
1,806‌
WPP
Finance
SA
4.13%,
05/30/2028
EUR
100‌
122‌
$
4,785‌
Aerospace
&
Defense
-
1.03%
Airbus
SE
1.63%,
06/09/2030
100‌
113‌
BAE
Systems
PLC
3.40%,
04/15/2030
(k)
$
200‌
194‌
Boeing
Co/The
2.95%,
02/01/2030
100‌
95‌
3.38%,
06/15/2046
424‌
300‌
3.60%,
05/01/2034
699‌
636‌
3.75%,
02/01/2050
763‌
559‌
5.15%,
05/01/2030
479‌
492‌
5.71%,
05/01/2040
100‌
102‌
5.81%,
05/01/2050
403‌
398‌
5.93%,
05/01/2060
501‌
493‌
7.01%,
05/01/2064
50‌
57‌
Czechoslovak
Group
AS
6.50%,
01/10/2031
(k)
1,600‌
1,670‌
6.50%,
01/10/2031
1,300‌
1,357‌
Embraer
Netherlands
Finance
BV
5.40%,
01/09/2038
212‌
209‌
5.98%,
02/11/2035
50‌
53‌
GE
Capital
Funding
LLC
4.55%,
05/15/2032
200‌
202‌
General
Dynamics
Corp
4.25%,
04/01/2050
25‌
21‌
General
Electric
Co
4.90%,
01/29/2036
7‌
7‌
Goat
Holdco
LLC
6.75%,
02/01/2032
(k)
1,050‌
1,078‌
Howmet
Aerospace
Inc
4.55%,
11/15/2032
50‌
50‌
L3Harris
Technologies
Inc
5.05%,
04/27/2045
100‌
96‌
5.25%,
06/01/2031
449‌
467‌
5.40%,
01/15/2027
100‌
101‌
5.40%,
07/31/2033
437‌
455‌
Lockheed
Martin
Corp
4.70%,
12/15/2031
536‌
551‌
4.75%,
02/15/2034
100‌
101‌
5.90%,
11/15/2063
100‌
104‌
Northrop
Grumman
Corp
5.15%,
05/01/2040
50‌
50‌
5.25%,
05/01/2050
100‌
95‌
RTX
Corp
3.75%,
11/01/2046
150‌
117‌
4.15%,
05/15/2045
50‌
42‌
4.45%,
11/16/2038
100‌
94‌
5.38%,
02/27/2053
595‌
573‌
5.75%,
01/15/2029
200‌
210‌
TransDigm
Inc
6.38%,
05/31/2033
(k)
7,360‌
7,493‌
6.75%,
01/31/2034
(k)
3,770‌
3,902‌
7.13%,
12/01/2031
(k)
975‌
1,023‌
$
23,560‌
Agriculture
-
0.26%
Altria
Group
Inc
3.70%,
02/04/2051
100‌
70‌
5.95%,
02/14/2049
100‌
100‌
Archer-Daniels-Midland
Co
4.50%,
08/15/2033
100‌
99‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Agriculture
(continued)
BAT
Capital
Corp
6.34%,
08/02/2030
$
150‌
$
162‌
7.08%,
08/02/2043
100‌
112‌
7.08%,
08/02/2053
50‌
57‌
BAT
International
Finance
PLC
5.93%,
02/02/2029
100‌
105‌
British
American
Tobacco
PLC
3.75%,
06/27/2029
(h),(l)
EUR
100‌
119‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.95%
Bunge
Ltd
Finance
Corp
3.75%,
09/25/2027
$
100‌
100‌
Cargill
Inc
4.76%,
11/23/2045
(k)
100‌
90‌
Darling
Ingredients
Inc
6.00%,
06/15/2030
(k)
1,000‌
1,013‌
Imperial
Brands
Finance
Netherlands
BV
1.75%,
03/18/2033
EUR
100‌
104‌
JT
International
Financial
Services
BV
3.87%,
09/04/2055
(l)
100‌
118‌
Euribor
Swap
Rate
5
Year
+
1.53%
MHP
Lux
SA
10.50%,
07/28/2029
(k)
$
3,000‌
3,087‌
Philip
Morris
International
Inc
2.88%,
05/14/2029
EUR
100‌
119‌
5.13%,
02/15/2030
$
100‌
103‌
5.25%,
09/07/2028
75‌
77‌
5.63%,
09/07/2033
200‌
212‌
$
5,847‌
Airlines
-
0.14%
American
Airlines
2017-2
Class
AA
Pass
Through
Trust
3.35%,
04/15/2031
59‌
58‌
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.75%,
04/20/2029
(k)
750‌
758‌
British
Airways
2019-1
Class
AA
Pass
Through
Trust
3.30%,
06/15/2034
(k)
72‌
68‌
British
Airways
2021-1
Class
A
Pass
Through
Trust
2.90%,
09/15/2036
(k)
661‌
604‌
Delta
Air
Lines
Inc
4.95%,
07/10/2028
50‌
51‌
JetBlue
Airways
Corp
/
JetBlue
Loyalty
LP
9.88%,
09/20/2031
(k)
530‌
532‌
Qantas
Airways
Ltd
2.95%,
11/27/2029
AUD
100‌
64‌
Southwest
Airlines
Co
5.13%,
06/15/2027
$
100‌
101‌
5.25%,
11/15/2035
994‌
973‌
United
Airlines
2023-1
Class
A
Pass
Through
Trust
5.80%,
07/15/2037
91‌
95‌
$
3,304‌
Apparel
-
0.44%
Beach
Acquisition
Bidco
LLC
10.00%,
PIK
10.75%;
07/15/2033
(k),(m),(n)
8,633‌
9,499‌
Gildan
Activewear
Inc
4.70%,
10/07/2030
(k)
50‌
50‌
Kering
SA
3.63%,
09/05/2027
EUR
100‌
120‌
3.63%,
09/05/2031
100‌
121‌
LVMH
Moet
Hennessy
Louis
Vuitton
SE
0.13%,
02/11/2028
100‌
113‌
NIKE
Inc
3.25%,
03/27/2040
$
100‌
81‌
$
9,984‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
26
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
-
0.41%
BofA
Auto
Trust
2025-1
4.25%,
11/22/2027
(k)
$
350‌
$
351‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.55%
Carmax
Auto
Owner
Trust
2024-3
5.21%,
09/15/2027
248‌
249‌
Chase
Auto
Owner
Trust
2024-4
4.94%,
07/25/2029
(k)
653‌
659‌
5.25%,
09/27/2027
(k)
18‌
18‌
Drive
Auto
Receivables
Trust
2025-1
4.87%,
08/15/2028
622‌
623‌
GM
Financial
Automobile
Leasing
Trust
2024-3
4.17%,
01/20/2027
370‌
370‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.47%
GM
Financial
Consumer
Automobile
Receivables
Trust
2024-1
4.85%,
12/18/2028
1,420‌
1,429‌
Hyundai
Auto
Receivables
Trust
2024-A
4.99%,
02/15/2029
935‌
943‌
Santander
Drive
Auto
Receivables
Trust
2024-1
5.25%,
04/17/2028
79‌
79‌
Santander
Drive
Auto
Receivables
Trust
2025-1
4.76%,
08/16/2027
34‌
34‌
Santander
Drive
Auto
Receivables
Trust
2025-2
4.71%,
06/15/2028
699‌
699‌
Santander
Drive
Auto
Receivables
Trust
2025-3
4.63%,
10/16/2028
635‌
637‌
Santander
Drive
Auto
Receivables
Trust
2025-4
4.28%,
01/15/2029
1,170‌
1,172‌
Wheels
Fleet
Lease
Funding
1
LLC
4.99%,
01/18/2040
(k)
2,049‌
2,052‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.67%
$
9,315‌
Automobile
Manufacturers
-
0.67%
American
Honda
Finance
Corp
3.50%,
06/27/2031
EUR
100‌
120‌
4.70%,
01/12/2028
$
200‌
203‌
BMW
Finance
NV
2.63%,
05/20/2028
EUR
100‌
119‌
3.63%,
05/22/2035
50‌
60‌
BMW
International
Investment
BV
3.00%,
08/27/2027
200‌
239‌
BMW
US
Capital
LLC
3.75%,
04/12/2028
(k)
$
200‌
199‌
4.50%,
08/11/2030
(k)
236‌
237‌
Cummins
Inc
5.15%,
02/20/2034
50‌
51‌
Daimler
Truck
Finance
North
America
LLC
2.50%,
12/14/2031
(k)
150‌
134‌
4.15%,
01/12/2029
(k)
275‌
275‌
4.65%,
10/12/2030
(k)
363‌
366‌
4.95%,
01/13/2028
(k)
370‌
376‌
5.13%,
01/19/2028
(k)
306‌
312‌
Ford
Credit
Canada
Co/Canada
4.82%,
09/11/2028
CAD
100‌
75‌
Ford
Motor
Co
4.75%,
01/15/2043
$
252‌
202‌
5.29%,
12/08/2046
50‌
42‌
Ford
Motor
Credit
Co
LLC
2.90%,
02/10/2029
200‌
190‌
4.00%,
11/13/2030
965‌
918‌
4.27%,
01/09/2027
300‌
300‌
4.45%,
02/14/2030
EUR
100‌
122‌
4.97%,
04/06/2029
$
797‌
801‌
6.05%,
11/05/2031
640‌
661‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
(continued)
General
Motors
Co
5.35%,
04/15/2028
$
516‌
$
529‌
6.25%,
10/02/2043
100‌
102‌
6.60%,
04/01/2036
50‌
54‌
General
Motors
Financial
Co
Inc
2.70%,
06/10/2031
482‌
438‌
3.10%,
01/12/2032
290‌
266‌
4.30%,
02/15/2029
EUR
100‌
124‌
5.60%,
06/18/2031
$
1,498‌
1,564‌
5.80%,
06/23/2028
200‌
207‌
6.10%,
01/07/2034
25‌
27‌
6.40%,
01/09/2033
100‌
108‌
General
Motors
Financial
of
Canada
Ltd
5.20%,
02/09/2028
CAD
100‌
76‌
Honda
Canada
Finance
Inc
4.87%,
09/23/2027
100‌
76‌
Hyundai
Capital
America
4.50%,
09/18/2030
(k)
$
570‌
570‌
4.85%,
03/25/2027
(k)
418‌
422‌
4.88%,
11/01/2027
(k)
825‌
836‌
5.10%,
06/24/2030
(k)
50‌
51‌
5.40%,
06/23/2032
(k)
506‌
525‌
5.68%,
06/26/2028
(k)
250‌
258‌
Mercedes-Benz
Finance
North
America
LLC
5.05%,
08/03/2033
(j),(k)
150‌
153‌
Mercedes-Benz
Group
AG
1.38%,
05/11/2028
EUR
200‌
231‌
Mercedes-Benz
International
Finance
BV
3.70%,
05/30/2031
100‌
123‌
RCI
Banque
SA
1.13%,
01/15/2027
100‌
117‌
3.88%,
01/12/2029
100‌
122‌
Stellantis
Finance
US
Inc
5.75%,
03/18/2030
(k)
$
685‌
706‌
Stellantis
NV
1.25%,
06/20/2033
EUR
150‌
146‌
Toyota
Motor
Credit
Corp
1.90%,
04/06/2028
$
200‌
192‌
3.38%,
04/01/2030
100‌
97‌
3.85%,
07/24/2030
EUR
100‌
123‌
4.05%,
09/05/2028
$
50‌
50‌
5.25%,
09/11/2028
200‌
207‌
Traton
Finance
Luxembourg
SA
1.25%,
03/24/2033
EUR
100‌
101‌
Volkswagen
Financial
Services
AG
0.88%,
01/31/2028
200‌
229‌
Volkswagen
Group
of
America
Finance
LLC
4.60%,
06/08/2029
(k)
$
200‌
201‌
Volkswagen
International
Finance
NV
1.25%,
09/23/2032
EUR
100‌
103‌
3.75%,
12/28/2027
(h),(l)
100‌
119‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.92%
4.13%,
11/16/2038
100‌
118‌
$
15,373‌
Automobile
Parts
&
Equipment
-
0.53%
Aptiv
Swiss
Holdings
Ltd
3.10%,
12/01/2051
$
627‌
405‌
4.15%,
05/01/2052
50‌
39‌
Clarios
Global
LP
/
Clarios
US
Finance
Co
6.75%,
02/15/2030
(k)
1,525‌
1,595‌
Dornoch
Debt
Merger
Sub
Inc
6.63%,
10/15/2029
(k)
3,976‌
3,540‌
IHO
Verwaltungs
GmbH
8.00%,
PIK
8.75%;
11/15/2032
(k),(m),(n)
725‌
773‌
Qnity
Electronics
Inc
6.25%,
08/15/2033
(k)
2,875‌
2,967‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
27
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Parts
&
Equipment
(continued)
Real
Hero
Merger
Sub
2
Inc
6.25%,
02/01/2029
(k)
$
5,275‌
$
2,602‌
Robert
Bosch
GmbH
4.00%,
06/02/2035
EUR
100‌
122‌
$
12,043‌
Banks
-
11.98%
ABN
AMRO
Bank
NV
2.47%,
12/13/2029
(k),(l)
$
200‌
191‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.10%
2.63%,
01/16/2029
EUR
100‌
119‌
4.50%,
11/21/2034
100‌
127‌
AIB
Group
PLC
4.63%,
07/23/2029
(l)
100‌
124‌
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.95%
ANZ
New
Zealand
Int'l
Ltd/London
5.36%,
08/14/2028
(k)
$
200‌
207‌
Ardshinbank
CJSC
Via
Dilijan
Finance
BV
6.60%,
01/22/2031
(k)
3,025‌
3,050‌
Australia
&
New
Zealand
Banking
Group
Ltd
5.69%,
08/14/2040
(l)
AUD
125‌
85‌
3
Month
Bank
Bill
Swap
Rate
+
1.68%
Banco
Bilbao
Vizcaya
Argentaria
SA
3.88%,
01/15/2034
EUR
100‌
123‌
4.38%,
08/29/2036
(l)
100‌
123‌
Euribor
Swap
Rate
5
Year
+
2.00%
9.38%,
03/19/2029
(h),(l),(o)
$
1,500‌
1,678‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.10%
Banco
de
Sabadell
SA
4.25%,
09/13/2030
(l)
EUR
100‌
124‌
Euribor
Swap
Rate
1
Year
+
1.60%
Banco
Santander
Chile
3.18%,
10/26/2031
$
150‌
140‌
Banco
Santander
SA
0.20%,
02/11/2028
EUR
100‌
113‌
3.00%,
01/12/2030
100‌
119‌
3.22%,
11/22/2032
(l)
$
200‌
184‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.60%
3.50%,
02/17/2035
EUR
100‌
118‌
5.57%,
01/17/2030
$
200‌
208‌
9.63%,
11/21/2028
(h),(l),(o)
2,400‌
2,664‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
Bangkok
Bank
PCL/Hong
Kong
9.03%,
03/15/2029
(k)
100‌
112‌
Bank
of
America
Corp
1.10%,
05/24/2032
(l)
EUR
100‌
106‌
3
Month
Euro
Interbank
Offered
Rate
+
0.95%
1.38%,
05/09/2030
(l)
100‌
113‌
3
Month
Euro
Interbank
Offered
Rate
+
0.91%
2.59%,
04/29/2031
(l)
$
200‌
187‌
Secured
Overnight
Financing
Rate
+
2.15%
2.68%,
06/19/2041
(l)
25‌
18‌
Secured
Overnight
Financing
Rate
+
1.93%
3.31%,
04/22/2042
655‌
512‌
Secured
Overnight
Financing
Rate
+
3.16%
3.42%,
12/20/2028
(l)
1,404‌
1,389‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.30%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp
(continued)
3.85%,
03/08/2037
(l)
$
2,328‌
$
2,186‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
3.95%,
01/23/2049
(l)
100‌
80‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.45%
4.08%,
04/23/2040
(l)
828‌
733‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.58%
4.24%,
04/24/2038
(l)
100‌
93‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.08%
4.25%,
10/22/2026
200‌
200‌
4.57%,
04/27/2033
(l)
345‌
343‌
Secured
Overnight
Financing
Rate
+
1.83%
4.75%,
04/21/2045
100‌
90‌
4.98%,
01/24/2029
(l)
100‌
102‌
Secured
Overnight
Financing
Rate
+
0.83%
5.02%,
07/22/2033
(l)
200‌
204‌
Secured
Overnight
Financing
Rate
+
2.16%
5.16%,
01/24/2031
1,165‌
1,201‌
Secured
Overnight
Financing
Rate
+
2.00%
5.20%,
04/25/2029
(l)
100‌
102‌
Secured
Overnight
Financing
Rate
+
1.63%
5.43%,
08/15/2035
(l)
451‌
458‌
Secured
Overnight
Financing
Rate
+
1.91%
5.47%,
01/23/2035
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
1.65%
5.51%,
01/24/2036
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
1.31%
5.52%,
10/25/2035
(l)
1,562‌
1,594‌
Secured
Overnight
Financing
Rate
+
1.74%
5.74%,
02/12/2036
355‌
367‌
Secured
Overnight
Financing
Rate
+
3.39%
5.82%,
09/15/2029
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
1.57%
5.87%,
09/15/2034
(l)
100‌
106‌
Secured
Overnight
Financing
Rate
+
1.84%
6.11%,
01/29/2037
669‌
716‌
6.13%,
04/27/2027
(h),(l)
2,900‌
2,937‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
6.25%,
07/26/2030
(h),(l)
4,000‌
4,071‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.35%
6.63%,
05/01/2030
(h),(l)
2,300‌
2,390‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
Bank
of
Ireland
Group
PLC
4.63%,
11/13/2029
(l)
EUR
100‌
124‌
Euribor
Swap
Rate
1
Year
+
1.55%
Bank
of
Montreal
3.73%,
06/03/2031
(l)
CAD
75‌
56‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.15%
4.06%,
09/22/2028
(l)
$
100‌
100‌
Secured
Overnight
Financing
Rate
+
0.75%
4.35%,
09/22/2031
(l)
100‌
100‌
Secured
Overnight
Financing
Rate
+
1.08%
4.75%,
09/29/2032
(l)
GBP
100‌
136‌
SONIA
Interest
Rate
Benchmark
+
0.85%
5.04%,
05/29/2028
CAD
200‌
153‌
6.88%,
11/26/2085
(l)
$
800‌
824‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.98%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
28
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
Montreal
(continued)
7.70%,
05/26/2084
(l)
$
4,600‌
$
4,891‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
Bank
of
New
York
Mellon
Corp/The
4.60%,
07/26/2030
(l)
200‌
204‌
Secured
Overnight
Financing
Rate
+
1.76%
4.94%,
02/11/2031
(l)
825‌
848‌
Secured
Overnight
Financing
Rate
+
0.89%
4.97%,
04/26/2034
(l)
100‌
102‌
Secured
Overnight
Financing
Rate
+
1.61%
Bank
of
Nova
Scotia/The
1.05%,
03/02/2026
100‌
100‌
1.95%,
02/02/2027
100‌
98‌
3.62%,
01/30/2032
(l)
CAD
100‌
73‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.03%
3.63%,
10/27/2081
(l)
$
1,500‌
1,466‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
4.44%,
11/15/2035
(l)
CAD
50‌
38‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.33%
4.59%,
05/04/2037
$
1,218‌
1,193‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.10%
6.88%,
10/27/2085
(l)
1,032‌
1,060‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.73%
7.35%,
04/27/2085
(l)
400‌
419‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
8.00%,
01/27/2084
(l)
3,000‌
3,212‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.02%
8.63%,
10/27/2082
(l)
2,000‌
2,118‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.39%
BankUnited
Inc
5.13%,
06/11/2030
1,455‌
1,463‌
Banque
Federative
du
Credit
Mutuel
SA
0.10%,
10/08/2027
EUR
100‌
114‌
3.38%,
06/10/2032
100‌
119‌
3.75%,
02/03/2034
100‌
120‌
4.13%,
06/14/2033
100‌
124‌
4.38%,
05/02/2030
100‌
124‌
Barclays
PLC
3.33%,
11/24/2042
(l)
$
200‌
154‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.30%
3.56%,
09/23/2035
(l)
1,181‌
1,118‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
4.94%,
09/10/2030
(l)
1,130‌
1,151‌
Secured
Overnight
Financing
Rate
+
1.56%
5.26%,
01/29/2034
(l)
EUR
100‌
130‌
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
2.55%
5.86%,
08/11/2046
(l)
$
288‌
295‌
Secured
Overnight
Financing
Rate
+
1.83%
6.69%,
09/13/2034
(l)
200‌
221‌
Secured
Overnight
Financing
Rate
+
2.62%
7.63%,
03/15/2035
(h),(l),(o)
400‌
431‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.69%
8.41%,
11/14/2032
(l)
GBP
100‌
145‌
Generic
Britain
5
Year
Government
Bond
+
4.75%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Barclays
PLC
(continued)
9.63%,
12/15/2029
(h),(l),(o)
$
2,000‌
$
2,274‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
5.78%
BBVA
Mexico
SA
Institucion
De
Banca
Multiple
Grupo
Financiero
BBVA
Mexico/TX
7.63%,
02/11/2035
(k),(l),(o)
2,750‌
2,902‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.38%
BNP
Paribas
SA
1.38%,
05/28/2029
EUR
100‌
113‌
2.50%,
03/31/2032
(l)
100‌
118‌
Euribor
Swap
Rate
5
Year
+
1.60%
2.88%,
02/24/2029
GBP
100‌
130‌
3.05%,
01/13/2031
(k),(l)
$
200‌
189‌
Secured
Overnight
Financing
Rate
+
1.51%
3.13%,
01/20/2033
(k),(l)
200‌
183‌
Secured
Overnight
Financing
Rate
+
1.56%
3.78%,
01/19/2036
(l)
EUR
100‌
119‌
Euribor
Swap
Rate
5
Year
+
1.55%
4.13%,
05/24/2033
100‌
125‌
4.16%,
08/28/2034
(l)
100‌
121‌
Euribor
Swap
Rate
5
Year
+
1.70%
4.63%,
02/25/2031
(h),(l),(o)
$
700‌
653‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.34%
4.92%,
01/15/2034
(k),(l)
2,041‌
2,031‌
Secured
Overnight
Financing
Rate
+
1.29%
7.45%,
06/27/2035
(h),(k),(l),(o)
3,800‌
4,008‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.13%
7.45%,
06/27/2035
(h),(l),(o)
1,000‌
1,055‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.13%
BOI
Finance
BV
7.50%,
02/16/2027
EUR
3,625‌
4,424‌
BOS
Funding
Ltd
5.25%,
09/12/2029
$
200‌
199‌
BPCE
SA
3.38%,
12/19/2031
(l)
EUR
100‌
119‌
3
Month
Euro
Interbank
Offered
Rate
+
0.95%
3.58%,
10/19/2042
(k),(l)
$
950‌
714‌
Secured
Overnight
Financing
Rate
+
1.95%
4.25%,
07/16/2035
(l)
EUR
100‌
122‌
Euribor
Swap
Rate
5
Year
+
1.95%
4.88%,
02/26/2036
(l)
100‌
125‌
Euribor
Swap
Rate
5
Year
+
2.30%
5.75%,
07/19/2033
(k),(l)
$
250‌
260‌
Secured
Overnight
Financing
Rate
+
2.87%
6.35%,
01/13/2047
(k),(l)
453‌
453‌
Secured
Overnight
Financing
Rate
+
2.11%
6.92%,
01/14/2046
(k),(l)
355‌
379‌
Secured
Overnight
Financing
Rate
+
2.61%
BSF
Finance
5.76%,
09/03/2035
(l)
2,300‌
2,294‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
CaixaBank
SA
3.88%,
01/20/2037
(l)
EUR
100‌
119‌
3
Month
Euro
Interbank
Offered
Rate
+
1.08%
4.38%,
08/08/2036
(l)
100‌
123‌
Euribor
Swap
Rate
5
Year
+
1.95%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
29
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Canadian
Imperial
Bank
of
Commerce
3.45%,
04/07/2027
(j)
$
200‌
$
199‌
3.90%,
06/20/2031
(l)
CAD
100‌
75‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.15%
4.58%,
09/08/2031
(j),(l)
$
50‌
50‌
Secured
Overnight
Financing
Rate
+
1.17%
5.35%,
04/20/2033
(l)
CAD
100‌
77‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
2.23%
5.50%,
01/14/2028
100‌
77‌
6.95%,
01/28/2085
(l)
$
2,000‌
2,063‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.83%
7.00%,
10/28/2085
(l)
1,200‌
1,247‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
Citibank
NA
4.91%,
05/29/2030
933‌
957‌
Citigroup
Inc
0.50%,
11/01/2028
CHF
200‌
259‌
2.52%,
11/03/2032
(l)
$
200‌
179‌
Secured
Overnight
Financing
Rate
+
1.18%
2.67%,
01/29/2031
(l)
300‌
281‌
Secured
Overnight
Financing
Rate
+
1.15%
2.90%,
11/03/2042
(l)
237‌
175‌
Secured
Overnight
Financing
Rate
+
1.38%
3.79%,
03/17/2033
(l)
1,295‌
1,232‌
Secured
Overnight
Financing
Rate
+
1.94%
4.11%,
04/29/2036
(l)
EUR
100‌
121‌
3
Month
Euro
Interbank
Offered
Rate
+
1.58%
4.45%,
09/29/2027
$
511‌
514‌
4.54%,
09/19/2030
(l)
1,374‌
1,385‌
Secured
Overnight
Financing
Rate
+
1.34%
4.66%,
05/24/2028
(l)
100‌
101‌
Secured
Overnight
Financing
Rate
+
1.89%
5.17%,
02/13/2030
(l)
200‌
205‌
Secured
Overnight
Financing
Rate
+
1.36%
5.17%,
09/11/2036
(l)
475‌
477‌
Secured
Overnight
Financing
Rate
+
1.49%
5.30%,
05/06/2044
100‌
97‌
5.33%,
03/27/2036
(l)
200‌
204‌
Secured
Overnight
Financing
Rate
+
1.47%
5.41%,
09/19/2039
(l)
1,162‌
1,162‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.73%
5.45%,
06/11/2035
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
1.45%
5.88%,
02/22/2033
1,075‌
1,146‌
6.17%,
05/25/2034
(l)
100‌
106‌
Secured
Overnight
Financing
Rate
+
2.66%
6.63%,
02/15/2031
(h),(l)
600‌
611‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
6.88%,
08/15/2030
(h),(l)
2,700‌
2,758‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.89%
6.95%,
02/15/2030
(h),(l)
2,500‌
2,575‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.73%
7.00%,
08/15/2034
(h),(l)
1,730‌
1,811‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
2.76%
7.13%,
08/15/2029
(h),(l)
500‌
517‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.69%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Citizens
Financial
Group
Inc
5.72%,
07/23/2032
(l)
$
1,467‌
$
1,536‌
Secured
Overnight
Financing
Rate
+
1.91%
5.84%,
01/23/2030
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
2.01%
Commerzbank
AG
1.50%,
08/28/2028
EUR
100‌
116‌
4.88%,
10/16/2034
(l)
100‌
124‌
Euribor
Swap
Rate
5
Year
+
2.15%
Commonwealth
Bank
of
Australia
2.69%,
03/11/2031
(k)
$
250‌
228‌
6.70%,
03/15/2038
(l)
AUD
200‌
146‌
3
Month
Bank
Bill
Swap
Rate
+
2.45%
Cooperatieve
Rabobank
UA
0.88%,
05/05/2028
(l)
EUR
100‌
116‌
3
Month
Euro
Interbank
Offered
Rate
+
1.18%
4.63%,
05/23/2029
GBP
100‌
137‌
4.99%,
05/27/2031
(k),(l)
$
250‌
256‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.92%
Cooperatieve
Rabobank
UA/NY
4.88%,
01/21/2028
1,263‌
1,291‌
Credit
Agricole
SA
3.75%,
01/22/2034
EUR
100‌
121‌
3.75%,
05/27/2035
100‌
119‌
3.88%,
11/28/2034
100‌
122‌
4.00%,
01/10/2033
(k),(l)
$
250‌
248‌
USD
Swap
Semi-Annual
5
Year
+
1.64%
4.88%,
10/23/2029
GBP
100‌
138‌
5.22%,
05/27/2031
(k),(l)
$
1,209‌
1,242‌
Secured
Overnight
Financing
Rate
+
1.46%
5.30%,
07/12/2028
(k)
557‌
573‌
7.13%,
09/23/2035
(h),(k),(l),(o)
3,000‌
3,137‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.58%
7.13%,
09/23/2035
(h),(l),(o)
500‌
523‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.58%
Credit
Agricole
SA/London
1.75%,
03/05/2029
EUR
100‌
115‌
Credit
Mutuel
Arkea
SA
0.88%,
05/07/2027
200‌
233‌
4.81%,
05/15/2035
(l)
100‌
124‌
Euribor
Swap
Rate
5
Year
+
1.90%
Crelan
SA
6.00%,
02/28/2030
(l)
100‌
129‌
Euribor
Swap
Rate
1
Year
+
2.85%
Danske
Bank
A/S
4.13%,
01/10/2031
(l)
100‌
124‌
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.25%
Deutsche
Bank
AG
5.00%,
09/05/2030
(l)
200‌
252‌
3
Month
Euro
Interbank
Offered
Rate
+
2.95%
8.13%,
04/30/2030
(h),(l),(o)
$
1,400‌
1,508‌
USD
Secured
Overnight
Financing
Rate
Spread-Adj.
ICE
Swap
Rate
5
Year
+
4.36%
Deutsche
Bank
AG/New
York
NY
3.55%,
09/18/2031
(l)
350‌
333‌
Secured
Overnight
Financing
Rate
+
3.04%
3.73%,
01/14/2032
(l)
361‌
342‌
Secured
Overnight
Financing
Rate
+
2.76%
3.74%,
01/07/2033
(l)
550‌
512‌
Secured
Overnight
Financing
Rate
+
2.26%
4.47%,
12/10/2031
(l)
435‌
435‌
Secured
Overnight
Financing
Rate
+
1.10%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
30
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Deutsche
Bank
AG/New
York
NY
(continued)
7.08%,
02/10/2034
(l)
$
225‌
$
247‌
Secured
Overnight
Financing
Rate
+
3.65%
DNB
Bank
ASA
0.25%,
02/23/2029
(l)
EUR
100‌
113‌
3
Month
Euro
Interbank
Offered
Rate
+
0.53%
Erste
Group
Bank
AG
3.63%,
11/26/2035
(l)
100‌
119‌
Euribor
Swap
Rate
5
Year
+
1.30%
Eurobank
SA
4.88%,
04/30/2031
(l)
100‌
126‌
Euribor
Swap
Rate
5
Year
+
2.17%
Federation
des
Caisses
Desjardins
du
Quebec
5.48%,
08/16/2028
CAD
200‌
155‌
Fifth
Third
Bancorp
5.14%,
01/29/2037
(l)
$
100‌
99‌
Secured
Overnight
Financing
Rate
+
1.24%
6.36%,
10/27/2028
(l)
50‌
52‌
Secured
Overnight
Financing
Rate
+
2.19%
Fifth
Third
Financial
Corp
5.98%,
01/30/2030
(l)
100‌
105‌
Secured
Overnight
Financing
Rate
+
2.16%
First
Citizens
BancShares
Inc/NC
5.60%,
09/05/2035
657‌
658‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.70%
6.25%,
03/12/2040
(l)
334‌
340‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.97%
First
Horizon
Bank
5.75%,
05/01/2030
1,016‌
1,048‌
FNB
Corp/PA
5.72%,
12/11/2030
(l)
1,155‌
1,181‌
Secured
Overnight
Financing
Rate
+
1.93%
Goldman
Sachs
Group
Inc/The
0.88%,
01/21/2030
EUR
200‌
220‌
1.25%,
02/07/2029
100‌
114‌
2.38%,
07/21/2032
(l)
$
702‌
628‌
Secured
Overnight
Financing
Rate
+
1.25%
3.21%,
04/22/2042
(l)
682‌
522‌
Secured
Overnight
Financing
Rate
+
1.51%
3.63%,
10/29/2029
(l)
GBP
100‌
134‌
Generic
Britain
1
Year
Government
Bond
+
1.95%
4.02%,
10/31/2038
(l)
$
100‌
89‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.63%
4.15%,
01/21/2029
(l)
1,503‌
1,504‌
Secured
Overnight
Financing
Rate
+
0.71%
4.22%,
05/01/2029
843‌
845‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.13%
4.37%,
10/21/2031
693‌
689‌
Secured
Overnight
Financing
Rate
+
2.12%
4.69%,
10/23/2030
(l)
312‌
316‌
Secured
Overnight
Financing
Rate
+
1.14%
4.94%,
10/21/2036
(l)
100‌
99‌
Secured
Overnight
Financing
Rate
+
1.33%
5.15%,
05/22/2045
100‌
94‌
5.21%,
01/28/2031
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
1.08%
5.33%,
07/23/2035
(l)
100‌
102‌
Secured
Overnight
Financing
Rate
+
1.55%
5.54%,
01/21/2047
(l)
392‌
386‌
Secured
Overnight
Financing
Rate
+
1.32%
5.56%,
11/19/2045
(l)
100‌
99‌
Secured
Overnight
Financing
Rate
+
1.58%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The
(continued)
5.73%,
04/25/2030
(l)
$
100‌
$
104‌
Secured
Overnight
Financing
Rate
+
1.27%
5.85%,
04/25/2035
(l)
100‌
106‌
Secured
Overnight
Financing
Rate
+
1.55%
6.45%,
05/01/2036
50‌
54‌
6.56%,
10/24/2034
(l)
100‌
111‌
Secured
Overnight
Financing
Rate
+
1.95%
6.75%,
10/01/2037
2,011‌
2,233‌
6.85%,
02/10/2030
(h),(l)
2,800‌
2,918‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.46%
7.50%,
05/10/2029
(h),(l)
1,700‌
1,795‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.81%
HSBC
Holdings
PLC
3.45%,
09/25/2030
(l)
EUR
100‌
120‌
3
Month
Euro
Interbank
Offered
Rate
+
1.19%
3.97%,
05/22/2030
(l)
$
200‌
198‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.87%
4.62%,
11/06/2031
(l)
604‌
607‌
Secured
Overnight
Financing
Rate
+
1.19%
4.86%,
05/23/2033
(l)
EUR
100‌
128‌
3
Month
Euro
Interbank
Offered
Rate
+
1.94%
5.60%,
05/17/2028
(l)
$
200‌
204‌
Secured
Overnight
Financing
Rate
+
1.06%
5.73%,
05/17/2032
(l)
710‌
747‌
Secured
Overnight
Financing
Rate
+
1.52%
5.74%,
09/10/2036
(l)
1,005‌
1,032‌
Secured
Overnight
Financing
Rate
+
1.96%
6.33%,
03/09/2044
1,081‌
1,180‌
Secured
Overnight
Financing
Rate
+
5.30%
6.36%,
11/16/2032
(l)
EUR
100‌
126‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.30%
6.55%,
06/20/2034
(l)
$
200‌
216‌
Secured
Overnight
Financing
Rate
+
2.98%
8.20%,
11/16/2034
(l)
GBP
150‌
226‌
Generic
Britain
5
Year
Government
Bond
+
4.55%
Huntington
Bancshares
Inc/OH
4.45%,
10/15/2027
(h),(l)
$
2,230‌
2,198‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.05%
5.61%,
01/28/2041
(l)
629‌
626‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.35%
5.63%,
07/15/2030
(h),(l)
1,000‌
1,016‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.95%
6.25%,
10/15/2030
(h),(l)
2,200‌
2,200‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
Huntington
National
Bank/The
4.55%,
05/17/2028
(l)
250‌
251‌
Secured
Overnight
Financing
Rate
+
1.65%
ING
Groep
NV
0.88%,
06/09/2032
(l)
EUR
100‌
116‌
Euribor
Swap
Rate
5
Year
+
1.15%
3.88%,
08/12/2029
(l)
100‌
122‌
3
Month
Euro
Interbank
Offered
Rate
+
1.72%
4.02%,
03/28/2028
(l)
$
200‌
200‌
Secured
Overnight
Financing
Rate
+
1.83%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
31
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
ING
Groep
NV
(continued)
4.75%,
05/23/2034
(l)
EUR
100‌
$
128‌
3
Month
Euro
Interbank
Offered
Rate
+
1.90%
5.00%,
02/20/2035
(l)
100‌
125‌
Euribor
Swap
Rate
5
Year
+
2.20%
7.00%,
11/16/2032
(h),(l),(o)
$
4,600‌
4,813‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.59%
Intesa
Sanpaolo
SpA
2.50%,
01/15/2030
GBP
100‌
127‌
2.93%,
10/14/2030
EUR
100‌
117‌
5.13%,
08/29/2031
100‌
130‌
6.63%,
06/20/2033
(k)
$
200‌
221‌
Ipoteka-Bank
ATIB
6.45%,
10/09/2030
825‌
841‌
JPMorgan
Chase
&
Co
0.60%,
02/17/2033
(l)
EUR
100‌
101‌
3
Month
Euro
Interbank
Offered
Rate
+
0.65%
2.07%,
06/01/2029
(l)
$
3,760‌
3,596‌
Secured
Overnight
Financing
Rate
+
1.02%
2.52%,
04/22/2031
(l)
300‌
279‌
Secured
Overnight
Financing
Rate
+
2.04%
2.53%,
11/19/2041
(l)
2,532‌
1,816‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
2.55%,
11/08/2032
(l)
300‌
270‌
Secured
Overnight
Financing
Rate
+
1.18%
3.54%,
05/01/2028
538‌
535‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.28%
3.78%,
02/01/2028
(l)
200‌
200‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.60%
3.88%,
07/24/2038
(l)
200‌
179‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.62%
3.96%,
11/15/2048
(l)
100‌
80‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.64%
4.51%,
10/22/2028
(l)
504‌
509‌
Secured
Overnight
Financing
Rate
+
0.86%
4.85%,
02/01/2044
100‌
95‌
4.91%,
07/25/2033
(l)
273‌
277‌
Secured
Overnight
Financing
Rate
+
2.08%
4.95%,
06/01/2045
100‌
94‌
5.01%,
01/23/2030
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
1.31%
5.29%,
07/22/2035
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
1.46%
5.30%,
07/24/2029
(l)
200‌
206‌
Secured
Overnight
Financing
Rate
+
1.45%
5.34%,
01/23/2035
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
1.62%
5.53%,
11/29/2045
(l)
241‌
243‌
Secured
Overnight
Financing
Rate
+
1.55%
5.58%,
07/23/2036
647‌
664‌
Secured
Overnight
Financing
Rate
+
3.27%
5.72%,
09/14/2033
(l)
50‌
53‌
Secured
Overnight
Financing
Rate
+
2.58%
5.77%,
04/22/2035
(l)
100‌
106‌
Secured
Overnight
Financing
Rate
+
1.49%
6.25%,
10/23/2034
1,072‌
1,170‌
Secured
Overnight
Financing
Rate
+
3.62%
6.88%,
06/01/2029
(h),(l)
2,000‌
2,110‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.74%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
KBC
Group
NV
4.75%,
04/17/2035
(l)
EUR
100‌
$
124‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.25%
Keybank
National
Association
4.90%,
08/08/2032
$
865‌
864‌
KeyCorp
2.25%,
04/06/2027
100‌
98‌
5.12%,
04/04/2031
(l)
204‌
209‌
Secured
Overnight
Financing
Rate
+
1.23%
5.31%,
01/28/2037
(l)
358‌
358‌
Secured
Overnight
Financing
Rate
+
1.37%
KeyCorp
Capital
III
7.75%,
07/15/2029
795‌
851‌
Lloyds
Banking
Group
PLC
3.88%,
05/14/2032
(l)
EUR
100‌
122‌
Euribor
Swap
Rate
1
Year
+
1.18%
4.75%,
09/21/2031
(l)
100‌
127‌
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.60%
4.98%,
08/11/2033
(l)
$
200‌
203‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.30%
5.72%,
06/05/2030
(l)
593‌
621‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.07%
5.87%,
03/06/2029
(l)
200‌
207‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
6.07%,
06/13/2036
(l)
236‌
247‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.60%
6.63%,
09/27/2035
(h),(l),(o)
400‌
397‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
6.75%,
09/27/2031
(h),(j),(l),(o)
300‌
312‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.15%
8.00%,
09/27/2029
(h),(l),(o)
3,000‌
3,256‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
M&T
Bank
Corp
5.05%,
01/27/2034
(l)
100‌
100‌
Secured
Overnight
Financing
Rate
+
1.85%
5.40%,
07/30/2035
(l)
474‌
479‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.43%
Macquarie
Group
Ltd
3.76%,
11/28/2028
(k),(l)
100‌
99‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.63%
5.49%,
11/09/2033
(k),(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
2.87%
Mediobanca
Banca
di
Credito
Finanziario
SpA
1.00%,
07/17/2029
(l)
EUR
100‌
114‌
3
Month
Euro
Interbank
Offered
Rate
+
0.90%
Mitsubishi
UFJ
Financial
Group
Inc
0.85%,
07/19/2029
200‌
222‌
2.56%,
02/25/2030
(j)
$
200‌
187‌
4.29%,
07/26/2038
100‌
94‌
4.51%,
01/14/2032
736‌
738‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.60%
Mizrahi
Tefahot
Bank
Ltd
5.84%,
04/15/2036
(k),(l),(o)
2,875‌
2,902‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.10%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
32
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Mizuho
Financial
Group
Inc
1.98%,
09/08/2031
(l)
$
200‌
$
179‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.53%
2.56%,
09/13/2031
1,043‌
935‌
3.98%,
05/21/2034
EUR
100‌
122‌
4.16%,
05/20/2028
100‌
123‌
5.67%,
05/27/2029
(l)
$
200‌
207‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.50%
5.78%,
07/06/2029
(l)
959‌
997‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.65%
Morgan
Stanley
0.50%,
02/07/2031
(l)
EUR
200‌
214‌
3
Month
Euro
Interbank
Offered
Rate
+
0.72%
2.48%,
09/16/2036
(l)
$
672‌
591‌
Secured
Overnight
Financing
Rate
+
1.36%
2.51%,
10/20/2032
(l)
200‌
180‌
Secured
Overnight
Financing
Rate
+
1.20%
3.22%,
04/22/2042
(l)
841‌
653‌
Secured
Overnight
Financing
Rate
+
1.49%
3.59%,
07/22/2028
1,556‌
1,546‌
3
Month
USD
LIBOR
+
1.34%
3.62%,
04/01/2031
282‌
274‌
Secured
Overnight
Financing
Rate
+
6.24%
3.95%,
04/23/2027
200‌
200‌
3.98%,
01/23/2037
(l)
EUR
100‌
119‌
3
Month
Euro
Interbank
Offered
Rate
+
1.14%
4.65%,
10/18/2030
(l)
$
224‌
227‌
Secured
Overnight
Financing
Rate
+
1.10%
5.17%,
01/16/2030
(l)
1,490‌
1,530‌
Secured
Overnight
Financing
Rate
+
1.45%
5.23%,
01/15/2031
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
1.11%
5.30%,
04/20/2037
(l)
795‌
808‌
Secured
Overnight
Financing
Rate
+
2.62%
5.31%,
01/18/2041
(l)
497‌
491‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.17%
5.32%,
07/19/2035
476‌
489‌
Secured
Overnight
Financing
Rate
+
3.11%
5.42%,
07/21/2034
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
1.88%
5.60%,
03/24/2051
(l)
200‌
199‌
Secured
Overnight
Financing
Rate
+
4.84%
5.79%,
11/18/2033
(l)
GBP
100‌
143‌
SONIA
Interest
Rate
Benchmark
+
2.25%
5.83%,
04/19/2035
(l)
$
100‌
106‌
Secured
Overnight
Financing
Rate
+
1.58%
5.94%,
02/07/2039
622‌
651‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.60%
6.63%,
11/01/2034
(l)
100‌
111‌
Secured
Overnight
Financing
Rate
+
2.05%
Morgan
Stanley
Bank
NA
4.75%,
04/21/2026
300‌
300‌
5.50%,
05/26/2028
(l)
460‌
469‌
Secured
Overnight
Financing
Rate
+
0.87%
National
Australia
Bank
Ltd
2.13%,
05/24/2028
EUR
100‌
117‌
2.33%,
08/21/2030
(k)
$
250‌
227‌
National
Bank
of
Canada
5.43%,
08/16/2032
(l)
CAD
100‌
76‌
Canadian
Overnight
Repo
Rate
Average
+
2.32%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
National
Bank
of
Uzbekistan
7.20%,
07/17/2030
$
925‌
$
968‌
8.50%,
07/05/2029
2,550‌
2,759‌
NatWest
Group
PLC
1.64%,
06/14/2027
(l)
709‌
703‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.90%
2.06%,
11/09/2028
(l)
GBP
100‌
132‌
Generic
Britain
1
Year
Government
Bond
+
1.27%
3.03%,
11/28/2035
(l)
$
1,320‌
1,222‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.35%
3.99%,
05/13/2036
(l)
EUR
100‌
121‌
3
Month
Euro
Interbank
Offered
Rate
+
1.52%
4.60%,
06/28/2031
(h),(l),(o)
$
800‌
744‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
4.77%,
02/16/2029
(l)
EUR
100‌
124‌
3
Month
Euro
Interbank
Offered
Rate
+
1.83%
4.96%,
08/15/2030
(l)
$
986‌
1,007‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.22%
5.08%,
01/27/2030
(l)
200‌
205‌
3
Month
USD
LIBOR
+
1.91%
7.30%,
11/19/2034
(h),(l),(o)
400‌
425‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%
8.13%,
11/10/2033
(h),(l),(o)
1,000‌
1,130‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
NatWest
Markets
PLC
4.79%,
03/21/2028
(k)
341‌
347‌
Nordea
Bank
Abp
2.88%,
08/24/2032
EUR
100‌
116‌
5.38%,
09/22/2027
(k)
$
970‌
992‌
6.75%,
11/10/2033
(h),(k),(l),(o)
400‌
411‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.72%
Northern
Trust
Corp
3.15%,
05/03/2029
100‌
98‌
Nykredit
Realkredit
A/S
4.00%,
07/17/2028
EUR
100‌
122‌
OP
Corporate
Bank
plc
0.38%,
06/16/2028
100‌
113‌
OTP
Bank
Nyrt
4.25%,
10/16/2030
(l)
100‌
122‌
3
Month
Euro
Interbank
Offered
Rate
+
1.95%
Pinnacle
Bank/Nashville
TN
5.96%,
01/15/2036
(l)
$
450‌
454‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.30%
PNC
Financial
Services
Group
Inc/The
2.60%,
07/23/2026
200‌
199‌
4.63%,
06/06/2033
(l)
100‌
99‌
Secured
Overnight
Financing
Rate
+
1.85%
5.07%,
01/24/2034
(l)
100‌
102‌
Secured
Overnight
Financing
Rate
+
1.93%
5.42%,
01/25/2041
(l)
213‌
213‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.17%
5.49%,
05/14/2030
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
1.20%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
33
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
PNC
Financial
Services
Group
Inc/The
(continued)
6.20%,
09/15/2027
(h),(l)
$
500‌
$
508‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
6.25%,
03/15/2030
(h),(l)
2,800‌
2,892‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
2.81%
Raiffeisen
Bank
International
AG
1.38%,
06/17/2033
(l)
EUR
100‌
114‌
Euribor
Swap
Rate
5
Year
+
1.60%
Regions
Financial
Corp
5.50%,
09/06/2035
(l)
$
433‌
445‌
Secured
Overnight
Financing
Rate
+
2.06%
5.72%,
06/06/2030
(l)
538‌
562‌
Secured
Overnight
Financing
Rate
+
1.49%
7.38%,
12/10/2037
964‌
1,100‌
Riyad
Sukuk
Ltd
6.21%,
07/14/2035
(l)
2,300‌
2,337‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.25%
Royal
Bank
of
Canada
2.13%,
04/26/2029
EUR
100‌
116‌
2.94%,
05/03/2032
(l)
CAD
150‌
110‌
Canadian
Dollar
Offered
Rate
3
Month
+
0.76%
4.21%,
07/03/2035
(l)
100‌
75‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.51%
4.72%,
03/27/2028
(l)
$
912‌
920‌
Secured
Overnight
Financing
Rate
+
0.81%
5.15%,
02/01/2034
200‌
208‌
6.35%,
11/24/2084
(l)
3,100‌
3,049‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.26%
6.50%,
11/24/2085
(l)
4,600‌
4,578‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.46%
6.75%,
08/24/2085
(l)
400‌
414‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.82%
7.50%,
05/02/2084
(l)
500‌
526‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.89%
Santander
Holdings
USA
Inc
6.57%,
06/12/2029
(l)
100‌
105‌
Secured
Overnight
Financing
Rate
+
2.70%
Santander
UK
Group
Holdings
PLC
6.53%,
01/10/2029
(l)
200‌
209‌
Secured
Overnight
Financing
Rate
+
2.60%
Saudi
Awwal
Bank
5.95%,
09/04/2035
(l)
1,875‌
1,896‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.20%
Skandinaviska
Enskilda
Banken
AB
3.50%,
08/14/2035
EUR
100‌
118‌
3.75%,
02/07/2028
125‌
152‌
SNB
Sukuk
Ltd
5.94%,
07/18/2036
(l)
$
2,025‌
2,062‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.85%
Societe
Generale
SA
0.50%,
06/12/2029
(l)
EUR
100‌
113‌
3
Month
Euro
Interbank
Offered
Rate
+
0.95%
3.63%,
03/01/2041
(k)
$
200‌
150‌
3.75%,
05/17/2035
(l)
EUR
100‌
119‌
Euribor
Swap
Rate
5
Year
+
1.65%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Societe
Generale
SA
(continued)
5.25%,
09/06/2032
(l)
EUR
100‌
$
123‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.10%
8.50%,
03/25/2034
(h),(k),(l),(o)
$
600‌
667‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.15%
10.00%,
11/14/2028
(h),(k),(l),(o)
200‌
223‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.45%
Sovcombank
Via
Sovcom
Capital
DAC
-
Escrow
0.00%,
12/31/2049
(d)
230‌
—‌
Standard
Chartered
PLC
3.27%,
02/18/2036
(k),(l)
200‌
185‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.30%
4.75%,
01/14/2031
(h),(j),(l),(o)
1,825‌
1,733‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
4.87%,
05/10/2031
(l)
EUR
100‌
127‌
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.85%
5.24%,
05/13/2031
(j),(k),(l)
$
200‌
206‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.35%
7.00%,
11/14/2035
(h),(k),(o)
5,475‌
5,636‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.75%
7.63%,
01/16/2032
(h),(j),(k),(l),(o)
1,625‌
1,738‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.02%
State
Street
Corp
4.14%,
12/03/2029
(l)
200‌
201‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.29%
5.27%,
08/03/2026
100‌
101‌
6.70%,
03/15/2029
(h),(l)
500‌
519‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
6.70%,
09/15/2029
(h),(l)
2,800‌
2,929‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
Sumitomo
Mitsui
Financial
Group
Inc
4.95%,
07/08/2033
(l)
923‌
938‌
Secured
Overnight
Financing
Rate
+
1.38%
5.81%,
09/14/2033
200‌
213‌
5.88%,
07/13/2026
200‌
202‌
6.18%,
07/13/2043
100‌
108‌
Sumitomo
Mitsui
Trust
Bank
Ltd
2.80%,
03/10/2027
(k)
200‌
198‌
4.45%,
09/10/2027
(k)
763‌
769‌
Swedbank
AB
0.20%,
01/12/2028
EUR
200‌
227‌
7.75%,
03/17/2030
(h),(l),(o)
$
200‌
216‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.66%
Texas
Capital
Bancshares
Inc
4.00%,
05/06/2031
(l)
512‌
508‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.15%
Toronto-Dominion
Bank/The
1.20%,
06/03/2026
200‌
198‌
2.00%,
09/10/2031
(j)
100‌
89‌
2.55%,
08/03/2027
EUR
100‌
119‌
3.69%,
01/09/2032
(l)
CAD
50‌
37‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
0.93%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
34
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Toronto-Dominion
Bank/The
(continued)
4.42%,
10/31/2035
(l)
CAD
100‌
$
75‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.32%
4.68%,
01/08/2029
200‌
153‌
4.75%,
09/11/2030
AUD
50‌
34‌
4.93%,
10/15/2035
$
491‌
490‌
6.35%,
10/31/2085
(l)
1,600‌
1,626‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.72%
8.13%,
10/31/2082
(l)
1,300‌
1,362‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.08%
Truist
Bank
4.14%,
10/23/2029
(l)
936‌
935‌
Secured
Overnight
Financing
Rate
+
0.91%
Truist
Financial
Corp
3.88%,
03/19/2029
100‌
99‌
5.10%,
03/01/2030
(h),(l)
500‌
503‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.35%
5.71%,
01/24/2035
(l)
100‌
105‌
Secured
Overnight
Financing
Rate
+
1.92%
6.67%,
03/01/2026
(h),(l)
4,500‌
4,507‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
UBS
Group
AG
0.88%,
11/03/2031
EUR
200‌
208‌
1.49%,
08/10/2027
(k),(l)
$
585‌
577‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.85%
3.87%,
01/12/2029
(k),(l)
400‌
398‌
3
Month
USD
LIBOR
+
1.41%
4.38%,
02/10/2031
(h),(k),(l),(o)
1,200‌
1,096‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.31%
4.63%,
03/17/2028
(l)
EUR
200‌
242‌
Euribor
Swap
Rate
1
Year
+
1.15%
4.84%,
11/06/2033
(k),(l)
$
673‌
673‌
Secured
Overnight
Financing
Rate
+
1.29%
4.88%,
05/15/2045
250‌
231‌
5.43%,
02/08/2030
(k),(l)
558‌
577‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.52%
5.58%,
05/09/2036
(k),(l)
271‌
281‌
Secured
Overnight
Financing
Rate
+
1.76%
6.60%,
08/05/2030
(h),(k),(l),(o)
400‌
404‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.12%
6.63%,
01/08/2031
(h),(k),(l),(o)
1,000‌
1,006‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.24%
7.00%,
01/08/2036
(h),(k),(l),(o)
3,100‌
3,138‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.32%
UniCredit
SpA
0.85%,
01/19/2031
EUR
100‌
107‌
3.80%,
01/16/2033
(l)
150‌
181‌
3
Month
Euro
Interbank
Offered
Rate
+
1.40%
United
Overseas
Bank
Ltd/Sydney
4.64%,
03/16/2026
AUD
200‌
139‌
US
Bancorp
1.38%,
07/22/2030
$
100‌
89‌
2.49%,
11/03/2036
(l)
1,994‌
1,746‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
3.00%,
07/30/2029
100‌
96‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
US
Bancorp
(continued)
3.70%,
01/15/2027
(h),(l)
$
4,000‌
$
3,944‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
5.84%,
06/12/2034
(l)
200‌
212‌
Secured
Overnight
Financing
Rate
+
2.26%
Webster
Financial
Corp
5.78%,
09/11/2035
(l)
755‌
760‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.13%
Wells
Fargo
&
Co
2.50%,
05/02/2029
GBP
100‌
129‌
2.57%,
02/11/2031
(l)
$
465‌
435‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
2.88%,
10/30/2030
(l)
315‌
300‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.43%
3.07%,
04/30/2041
1,148‌
886‌
Secured
Overnight
Financing
Rate
+
5.06%
3.53%,
03/24/2028
(l)
100‌
99‌
Secured
Overnight
Financing
Rate
+
1.51%
3.90%,
07/22/2032
(l)
EUR
100‌
122‌
3
Month
Euro
Interbank
Offered
Rate
+
1.22%
3.90%,
05/01/2045
$
100‌
81‌
4.08%,
09/15/2029
(l)
982‌
981‌
Secured
Overnight
Financing
Rate
+
0.88%
4.15%,
01/24/2029
200‌
201‌
4.48%,
04/04/2031
(l)
200‌
201‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.03%
4.75%,
12/07/2046
214‌
188‌
4.89%,
09/15/2036
(l)
50‌
49‌
Secured
Overnight
Financing
Rate
+
1.34%
5.39%,
04/24/2034
(l)
520‌
538‌
Secured
Overnight
Financing
Rate
+
2.02%
5.50%,
01/23/2035
(l)
214‌
222‌
Secured
Overnight
Financing
Rate
+
1.78%
5.56%,
07/25/2034
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
1.99%
5.57%,
07/25/2029
(l)
200‌
207‌
Secured
Overnight
Financing
Rate
+
1.74%
5.61%,
01/15/2044
492‌
488‌
Wells
Fargo
Bank
NA
6.60%,
01/15/2038
250‌
279‌
Western
Alliance
Bank
6.54%,
11/15/2035
(l)
940‌
952‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
Westpac
Banking
Corp
2.96%,
11/16/2040
50‌
38‌
3.02%,
11/18/2036
(l)
100‌
91‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.53%
4.30%,
06/19/2030
AUD
100‌
68‌
5.46%,
11/18/2027
$
200‌
206‌
Zions
Bancorp
NA
6.82%,
11/19/2035
(l)
1,042‌
1,105‌
Secured
Overnight
Financing
Rate
+
2.83%
$
273,768‌
Beverages
-
0.24%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
4.70%,
02/01/2036
100‌
99‌
4.90%,
02/01/2046
1,039‌
959‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
35
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Anheuser-Busch
InBev
SA/NV
1.50%,
04/18/2030
EUR
100‌
$
113‌
2.75%,
03/17/2036
100‌
110‌
2.88%,
04/02/2032
100‌
117‌
Anheuser-Busch
InBev
Worldwide
Inc
4.35%,
06/01/2040
$
80‌
72‌
5.00%,
06/15/2034
100‌
103‌
5.45%,
01/23/2039
100‌
103‌
5.55%,
01/23/2049
25‌
25‌
5.80%,
01/23/2059
100‌
102‌
CCEP
Finance
Ireland
DAC
1.50%,
05/06/2041
EUR
100‌
85‌
Coca-Cola
Co/The
0.95%,
05/06/2036
100‌
92‌
1.50%,
03/05/2028
$
200‌
191‌
1.65%,
06/01/2030
(j)
200‌
181‌
2.50%,
03/15/2051
100‌
60‌
5.20%,
01/14/2055
50‌
48‌
Constellation
Brands
Inc
4.35%,
05/09/2027
304‌
305‌
4.90%,
05/01/2033
50‌
50‌
Diageo
Finance
PLC
2.50%,
03/27/2032
EUR
100‌
114‌
2.75%,
06/08/2038
GBP
100‌
104‌
Heineken
NV
1.50%,
10/03/2029
EUR
100‌
114‌
1.75%,
03/17/2031
100‌
112‌
JDE
Peet's
NV
0.63%,
02/09/2028
100‌
114‌
Keurig
Dr
Pepper
Inc
3.80%,
05/01/2050
$
100‌
73‌
PepsiCo
Inc
3.00%,
10/15/2027
250‌
248‌
3.38%,
07/29/2049
200‌
144‌
3.60%,
02/18/2028
376‌
375‌
4.45%,
02/07/2028
559‌
567‌
4.65%,
07/23/2032
491‌
500‌
Pernod
Ricard
SA
1.75%,
04/08/2030
EUR
100‌
113‌
$
5,393‌
Biotechnology
-
0.27%
Amgen
Inc
3.15%,
02/21/2040
$
1,172‌
924‌
4.05%,
08/18/2029
200‌
200‌
4.40%,
05/01/2045
186‌
160‌
4.40%,
02/22/2062
50‌
39‌
4.66%,
06/15/2051
200‌
171‌
5.15%,
03/02/2028
490‌
502‌
5.25%,
03/02/2030
214‌
222‌
5.25%,
03/02/2033
200‌
207‌
5.60%,
03/02/2043
50‌
50‌
5.65%,
03/02/2053
711‌
700‌
5.75%,
03/02/2063
369‌
361‌
Biogen
Inc
3.15%,
05/01/2050
100‌
65‌
CSL
Finance
PLC
4.63%,
04/27/2042
(k)
100‌
90‌
Gilead
Sciences
Inc
4.15%,
03/01/2047
200‌
165‌
4.80%,
11/15/2029
545‌
560‌
5.10%,
06/15/2035
362‌
370‌
5.25%,
10/15/2033
100‌
105‌
Royalty
Pharma
PLC
2.15%,
09/02/2031
895‌
791‌
3.35%,
09/02/2051
100‌
67‌
5.15%,
09/02/2029
316‌
325‌
5.95%,
09/25/2055
214‌
213‌
$
6,287‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Building
Materials
-
0.73%
Amrize
Finance
US
LLC
7.13%,
07/15/2036
$
50‌
$
58‌
Carlisle
Cos
Inc
2.20%,
03/01/2032
100‌
87‌
Carrier
Global
Corp
3.38%,
04/05/2040
739‌
595‌
3.58%,
04/05/2050
100‌
74‌
4.13%,
05/29/2028
EUR
100‌
122‌
Cie
de
Saint-Gobain
SA
2.38%,
10/04/2027
100‌
118‌
3.50%,
01/18/2029
100‌
121‌
Cimko
Cimento
Ve
Beton
Sanayi
Ve
Ticaret
AS
10.75%,
05/21/2030
$
800‌
864‌
CRH
America
Finance
Inc
5.60%,
02/09/2056
211‌
207‌
CRH
SMW
Finance
DAC
4.25%,
07/11/2035
EUR
100‌
124‌
5.13%,
01/09/2030
$
200‌
206‌
5.20%,
05/21/2029
917‌
947‌
Heidelberg
Materials
Finance
Luxembourg
SA
3.00%,
07/10/2030
EUR
100‌
119‌
Johnson
Controls
International
plc
4.25%,
05/23/2035
100‌
125‌
Limak
Cimento
Sanayi
ve
Ticaret
AS
9.75%,
07/25/2029
$
2,000‌
2,035‌
Martin
Marietta
Materials
Inc
2.40%,
07/15/2031
513‌
463‌
Oscar
AcquisitionCo
LLC
/
Oscar
Finance
Inc
9.50%,
04/15/2030
(k)
8,970‌
5,225‌
Owens
Corning
3.95%,
08/15/2029
100‌
99‌
5.50%,
06/15/2027
309‌
315‌
Quikrete
Holdings
Inc
6.38%,
03/01/2032
(k)
890‌
923‌
6.75%,
03/01/2033
(k)
1,440‌
1,496‌
Smyrna
Ready
Mix
Concrete
LLC
6.00%,
11/01/2028
(k)
2,125‌
2,132‌
Trane
Technologies
Financing
Ltd
3.80%,
03/21/2029
50‌
50‌
Vulcan
Materials
Co
3.50%,
06/01/2030
100‌
97‌
$
16,602‌
Chemicals
-
1.10%
Air
Liquide
Finance
SA
0.38%,
05/27/2031
EUR
100‌
104‌
Air
Products
and
Chemicals
Inc
3.25%,
06/16/2032
100‌
118‌
4.90%,
10/11/2032
$
50‌
51‌
Akzo
Nobel
NV
2.00%,
03/28/2032
EUR
100‌
109‌
Albemarle
Corp
5.05%,
06/01/2032
$
100‌
101‌
BASF
SE
4.50%,
03/08/2035
EUR
100‌
127‌
Braskem
Idesa
SAPI
0.00%,
11/15/2029
(d)
$
1,950‌
1,272‌
0.00%,
02/20/2032
(d)
800‌
525‌
Celanese
US
Holdings
LLC
6.75%,
04/15/2033
(j)
2,410‌
2,441‌
CF
Industries
Inc
5.30%,
11/26/2035
657‌
659‌
5.38%,
03/15/2044
885‌
837‌
Dow
Chemical
Co/The
4.80%,
01/15/2031
100‌
100‌
4.80%,
05/15/2049
100‌
80‌
5.65%,
03/15/2036
(j)
619‌
619‌
DuPont
de
Nemours
Inc
5.32%,
11/15/2038
30‌
30‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
36
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
Eastman
Chemical
Co
5.75%,
03/08/2033
$
600‌
$
629‌
Ecolab
Inc
2.70%,
12/15/2051
788‌
488‌
3.95%,
12/01/2047
100‌
81‌
4.30%,
06/15/2028
263‌
266‌
5.25%,
01/15/2028
494‌
507‌
Huntsman
International
LLC
5.70%,
10/15/2034
(j)
740‌
692‌
International
Flavors
&
Fragrances
Inc
4.38%,
06/01/2047
75‌
60‌
Inversion
Escrow
Issuer
LLC
6.75%,
08/01/2032
(k)
470‌
466‌
LANXESS
AG
0.63%,
12/01/2029
EUR
100‌
107‌
Linde
PLC
0.38%,
09/30/2033
100‌
96‌
1.00%,
03/31/2027
100‌
117‌
2.63%,
02/18/2029
100‌
119‌
LYB
International
Finance
BV
4.88%,
03/15/2044
$
50‌
41‌
LYB
International
Finance
III
LLC
5.13%,
01/15/2031
50‌
50‌
6.15%,
05/15/2035
50‌
51‌
Mosaic
Co/The
4.35%,
01/15/2029
100‌
100‌
4.60%,
11/15/2030
476‌
477‌
Nutrien
Ltd
2.95%,
05/13/2030
150‌
142‌
5.20%,
06/21/2027
334‌
339‌
Olympus
Water
US
Holding
Corp
7.25%,
02/15/2033
(k)
3,100‌
3,088‌
PPG
Industries
Inc
4.38%,
03/15/2031
751‌
749‌
RPM
International
Inc
2.95%,
01/15/2032
221‌
202‌
SCIH
Salt
Holdings
Inc
6.63%,
05/01/2029
(k)
8,400‌
8,396‌
Sherwin-Williams
Co/The
2.20%,
03/15/2032
100‌
88‌
Westlake
Corp
2.88%,
08/15/2041
100‌
68‌
3.38%,
08/15/2061
735‌
437‌
Yara
International
ASA
4.75%,
06/01/2028
(k)
100‌
101‌
$
25,130‌
Coal
-
0.22%
SunCoke
Energy
Inc
4.88%,
06/30/2029
(k)
5,275‌
4,974‌
Commercial
Mortgage
Backed
Securities
-
1.36%
Bayview
Commercial
Asset
Trust
2005-3
4.33%,
11/25/2035
(k)
443‌
433‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.59%
4.45%,
11/25/2035
(k)
340‌
335‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.71%
Bayview
Commercial
Asset
Trust
2006-2
4.13%,
07/25/2036
(k)
314‌
303‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.46%
Bayview
Commercial
Asset
Trust
2006-3
4.16%,
10/25/2036
(k)
100‌
97‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.49%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
Bayview
Commercial
Asset
Trust
2006-4
4.13%,
12/25/2036
(k)
$
529‌
$
510‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.46%
Bayview
Commercial
Asset
Trust
2007-4
4.46%,
09/25/2037
(k)
508‌
483‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.79%
Bayview
Commercial
Asset
Trust
2008-2
7.54%,
04/25/2038
(k)
459‌
457‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.86%
BBCMS
2018-CHRS
Mortgage
Trust
4.27%,
08/05/2038
(k),(m)
300‌
271‌
BBCMS
2018-TALL
Mortgage
Trust
4.60%,
03/15/2037
(k)
1,470‌
1,404‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.92%
Benchmark
2019-B15
Mortgage
Trust
2.93%,
12/15/2072
390‌
366‌
Benchmark
2019-B9
Mortgage
Trust
4.02%,
03/15/2052
3,560‌
3,508‌
Benchmark
2020-B20
Mortgage
Trust
2.03%,
10/15/2053
2,320‌
2,057‌
Benchmark
2022-B32
Mortgage
Trust
3.00%,
01/15/2055
(m)
568‌
512‌
Benchmark
2022-B34
Mortgage
Trust
3.79%,
04/15/2055
(m)
2,831‌
2,648‌
BX
Commercial
Mortgage
Trust
2020-VIV2
3.54%,
03/09/2044
(k),(m)
200‌
188‌
BX
Commercial
Mortgage
Trust
2020-VIV4
2.84%,
03/09/2044
(k)
1,500‌
1,399‌
BX
Trust
2019-OC11
3.94%,
12/09/2041
(k),(m)
1,750‌
1,673‌
COMM
2018-COR3
Mortgage
Trust
4.23%,
05/10/2051
2,107‌
2,068‌
COMM
2024-277P
Mortgage
Trust
6.34%,
08/10/2044
(k)
1,484‌
1,563‌
FRESB
2019-SB63
Mortgage
Trust
1.75%,
04/25/2039
(m),(p)
9,189‌
307‌
FRESB
2020-SB76
Mortgage
Trust
0.00%,
05/25/2030
(d),(m),(p)
5,259‌
183‌
FRESB
2020-SB77
Mortgage
Trust
0.18%,
06/25/2040
(m),(p)
23,425‌
766‌
Grace
Trust
2020-GRCE
2.35%,
12/10/2040
(k)
1,072‌
962‌
Harvest
Commercial
Capital
Loan
Trust
2019-1
4.64%,
09/25/2046
(k),(m)
2,000‌
1,957‌
Harvest
Commercial
Capital
Loan
Trust
2020-1
5.96%,
04/25/2052
(k),(m)
270‌
268‌
Harvest
Commercial
Capital
Loan
Trust
2024-1
6.16%,
10/25/2056
1,676‌
1,713‌
Houston
Galleria
Mall
Trust
2025-HGLR
5.46%,
02/05/2045
(k),(m)
364‌
378‌
JP
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2024-OMNI
5.80%,
10/05/2039
(k),(m)
1,007‌
1,026‌
MKT
2020-525M
Mortgage
Trust
2.69%,
02/12/2040
(k)
1,400‌
1,279‌
NYC
Commercial
Mortgage
Trust
2026-1PARK
0.00%,
02/15/2043
(d),(i),(k)
246‌
246‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.25%
ROCK
Trust
2024-CNTR
5.39%,
11/13/2041
(k)
225‌
231‌
Wells
Fargo
Commercial
Mortgage
Trust
2019-C51
3.31%,
06/15/2052
540‌
519‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
37
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
WFRBS
Commercial
Mortgage
Trust
2014-C21
4.21%,
08/15/2047
(m)
$
212‌
$
207‌
4.23%,
08/15/2047
(m)
737‌
697‌
$
31,014‌
Commercial
Services
-
2.24%
Abertis
France
SAS
1.63%,
09/18/2029
EUR
100‌
113‌
Abertis
Infraestructuras
SA
4.13%,
01/31/2028
100‌
122‌
Adani
International
Container
Terminal
Pvt
Ltd
3.00%,
02/16/2031
$
2,945‌
2,728‌
ADT
Security
Corp/The
5.88%,
10/15/2033
(k)
850‌
862‌
AMN
Healthcare
Inc
6.50%,
01/15/2031
(k)
1,780‌
1,803‌
APRR
SA
1.25%,
01/18/2028
EUR
100‌
116‌
Ashtead
Capital
Inc
4.25%,
11/01/2029
(k)
$
200‌
198‌
Autoroutes
du
Sud
de
la
France
SA
1.25%,
01/18/2027
EUR
100‌
117‌
2.75%,
09/02/2032
100‌
115‌
Autostrade
per
l'Italia
SpA
5.13%,
06/14/2033
100‌
129‌
Avis
Budget
Car
Rental
LLC
/
Avis
Budget
Finance
Inc
8.25%,
01/15/2030
(k)
$
760‌
787‌
8.38%,
06/15/2032
(k)
1,090‌
1,121‌
Block
Financial
LLC
3.88%,
08/15/2030
100‌
96‌
Champions
Financing
Inc
8.75%,
02/15/2029
(j),(k)
2,550‌
2,474‌
Duke
University
2.76%,
10/01/2050
100‌
64‌
ERAC
USA
Finance
LLC
4.90%,
05/01/2033
(k)
100‌
101‌
Ford
Foundation/The
2.82%,
06/01/2070
840‌
477‌
Global
Payments
Inc
2.90%,
11/15/2031
100‌
90‌
4.50%,
11/15/2028
100‌
100‌
4.88%,
11/15/2030
50‌
50‌
5.20%,
11/15/2032
489‌
490‌
5.55%,
11/15/2035
613‌
608‌
Herc
Holdings
Inc
6.00%,
03/15/2034
(k)
3,075‌
3,091‌
7.00%,
06/15/2030
(k)
425‌
446‌
Massachusetts
Institute
of
Technology
3.07%,
04/01/2052
100‌
68‌
Moody's
Corp
2.75%,
08/19/2041
100‌
72‌
Motability
Operations
Group
PLC
2.38%,
03/14/2032
GBP
100‌
119‌
3.63%,
07/24/2029
EUR
100‌
122‌
PayPal
Holdings
Inc
5.05%,
06/01/2052
$
100‌
90‌
President
and
Fellows
of
Harvard
College
3.75%,
11/15/2052
100‌
77‌
PROG
Holdings
Inc
6.00%,
11/15/2029
(k)
4,150‌
4,107‌
Quanta
Services
Inc
2.35%,
01/15/2032
528‌
467‌
2.90%,
10/01/2030
545‌
511‌
3.05%,
10/01/2041
459‌
341‌
5.10%,
08/09/2035
626‌
626‌
Raven
Acquisition
Holdings
LLC
6.88%,
11/15/2031
(k)
1,710‌
1,714‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
RELX
Finance
BV
0.50%,
03/10/2028
EUR
100‌
$
114‌
Rentokil
Initial
Finance
BV
3.88%,
06/27/2027
100‌
121‌
S&P
Global
Inc
2.70%,
03/01/2029
$
559‌
538‌
3.70%,
03/01/2052
100‌
75‌
4.25%,
01/15/2031
(k)
340‌
339‌
Shift4
Payments
LLC
/
Shift4
Payments
Finance
Sub
Inc
6.75%,
08/15/2032
(k)
3,725‌
3,800‌
Teranet
Holdings
LP
3.72%,
02/23/2029
CAD
100‌
74‌
Thomas
Jefferson
University
3.85%,
11/01/2057
$
50‌
36‌
Transurban
Finance
Co
Pty
Ltd
3.00%,
04/08/2030
EUR
100‌
119‌
4.56%,
11/14/2028
CAD
100‌
75‌
Transurban
Queensland
Finance
Pty
Ltd
3.25%,
08/05/2031
AUD
100‌
61‌
Triton
Container
International
Ltd
3.15%,
06/15/2031
(k)
$
1,694‌
1,550‌
Triton
Container
International
Ltd
/
TAL
International
Container
Corp
3.25%,
03/15/2032
528‌
481‌
5.15%,
02/15/2033
781‌
777‌
United
Rentals
North
America
Inc
5.38%,
11/15/2033
(k)
1,200‌
1,199‌
University
of
Miami
4.06%,
04/01/2052
50‌
40‌
University
of
Southern
California
4.98%,
10/01/2053
50‌
46‌
Upbound
Group
Inc
6.38%,
02/15/2029
(k)
4,575‌
4,534‌
VT
Topco
Inc
8.50%,
08/15/2030
(k)
3,720‌
3,811‌
Wand
NewCo
3
Inc
7.63%,
01/30/2032
(k)
2,895‌
3,044‌
WEX
Inc
6.50%,
03/15/2033
(k)
5,525‌
5,639‌
Wolters
Kluwer
NV
0.75%,
07/03/2030
EUR
100‌
108‌
$
51,193‌
Computers
-
0.91%
Accenture
Capital
Inc
4.50%,
10/04/2034
$
370‌
364‌
Amentum
Holdings
Inc
7.25%,
08/01/2032
(k)
3,100‌
3,267‌
Apple
Inc
1.38%,
05/24/2029
EUR
100‌
114‌
1.40%,
08/05/2028
$
1,234‌
1,168‌
1.65%,
02/08/2031
100‌
89‌
2.65%,
05/11/2050
900‌
560‌
2.70%,
08/05/2051
330‌
204‌
2.85%,
08/05/2061
200‌
118‌
3.35%,
08/08/2032
200‌
192‌
3.95%,
08/08/2052
100‌
79‌
4.15%,
05/10/2030
100‌
101‌
4.38%,
05/13/2045
508‌
451‌
4.45%,
05/06/2044
100‌
91‌
ASGN
Inc
4.63%,
05/15/2028
(k)
2,075‌
2,044‌
Booz
Allen
Hamilton
Inc
4.00%,
07/01/2029
(k)
481‌
472‌
5.95%,
08/04/2033
(j)
100‌
104‌
5.95%,
04/15/2035
760‌
782‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
38
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Capgemini
SE
2.00%,
04/15/2029
EUR
100‌
$
116‌
2.50%,
09/25/2028
100‌
118‌
Dell
International
LLC
/
EMC
Corp
3.38%,
12/15/2041
$
808‌
611‌
4.35%,
02/01/2030
932‌
931‌
4.75%,
04/01/2028
792‌
803‌
5.10%,
02/15/2036
50‌
49‌
5.25%,
02/01/2028
100‌
102‌
5.75%,
02/01/2033
150‌
158‌
8.10%,
07/15/2036
675‌
810‌
Gartner
Inc
4.95%,
03/20/2031
50‌
50‌
Hewlett
Packard
Enterprise
Co
4.40%,
10/15/2030
486‌
484‌
5.25%,
07/01/2028
100‌
103‌
5.60%,
10/15/2054
50‌
46‌
HP
Inc
5.50%,
01/15/2033
100‌
102‌
IBM
International
Capital
Pte
Ltd
4.75%,
02/05/2031
1,701‌
1,730‌
Insight
Enterprises
Inc
6.63%,
05/15/2032
(k)
2,075‌
2,124‌
International
Business
Machines
Corp
0.88%,
02/09/2030
EUR
100‌
110‌
2.20%,
02/09/2027
$
200‌
197‌
4.00%,
02/06/2043
EUR
100‌
115‌
4.60%,
02/03/2033
(i)
$
807‌
806‌
5.10%,
02/06/2053
100‌
91‌
5.20%,
02/10/2035
100‌
102‌
Kyndryl
Holdings
Inc
3.15%,
10/15/2031
475‌
433‌
4.10%,
10/15/2041
50‌
39‌
Leidos
Inc
5.50%,
03/15/2035
50‌
52‌
Teleperformance
SE
4.25%,
01/21/2030
EUR
100‌
122‌
Western
Digital
Corp
2.85%,
02/01/2029
$
100‌
95‌
$
20,699‌
Consumer
Products
-
0.01%
Kimberly-Clark
Corp
2.00%,
11/02/2031
(j)
100‌
89‌
Reckitt
Benckiser
Treasury
Services
PLC
2.63%,
09/10/2028
EUR
100‌
119‌
$
208‌
Cosmetics
&
Personal
Care
-
0.11%
Haleon
Netherlands
Capital
BV
2.13%,
03/29/2034
100‌
107‌
Haleon
US
Capital
LLC
4.00%,
03/24/2052
$
1,550‌
1,220‌
High
Ridge
Brands
-
Escrow
0.00%,
03/15/2025
(d),(e),(g)
15,607‌
—‌
Kenvue
Inc
4.85%,
05/22/2032
505‌
515‌
5.10%,
03/22/2043
100‌
96‌
L'Oreal
SA
2.75%,
11/19/2030
EUR
100‌
119‌
Procter
&
Gamble
Co/The
4.05%,
01/26/2033
$
200‌
199‌
Unilever
Capital
Corp
5.00%,
12/08/2033
100‌
104‌
Unilever
Finance
Netherlands
BV
1.38%,
09/04/2030
EUR
100‌
112‌
$
2,472‌
Credit
Card
Asset
Backed
Securities
-
0.06%
American
Express
Credit
Account
Master
Trust
4.65%,
07/15/2029
$
1,305‌
1,322‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Distribution
&
Wholesale
-
0.06%
RB
Global
Holdings
Inc
7.75%,
03/15/2031
(k)
$
925‌
$
964‌
Resideo
Funding
Inc
6.50%,
07/15/2032
(k)
450‌
457‌
$
1,421‌
Diversified
Financial
Services
-
2.98%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
3.30%,
01/30/2032
150‌
139‌
3.85%,
10/29/2041
150‌
123‌
Air
Lease
Corp
5.30%,
02/01/2028
150‌
153‌
Ally
Financial
Inc
6.18%,
07/26/2035
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
2.29%
6.70%,
02/14/2033
(j)
2,200‌
2,293‌
American
Express
Co
3.13%,
05/20/2026
100‌
100‌
3.43%,
05/20/2032
(l)
EUR
100‌
120‌
3
Month
Euro
Interbank
Offered
Rate
+
1.10%
3.55%,
09/15/2026
(h),(l)
$
1,900‌
1,880‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
4.92%,
07/20/2033
(l)
330‌
334‌
Secured
Overnight
Financing
Rate
+
1.22%
5.09%,
01/30/2031
559‌
575‌
Secured
Overnight
Financing
Rate
+
2.04%
5.10%,
02/16/2028
(l)
1,395‌
1,411‌
Secured
Overnight
Financing
Rate
+
1.00%
5.28%,
07/27/2029
(l)
150‌
154‌
Secured
Overnight
Financing
Rate
+
1.28%
5.44%,
01/30/2036
(l)
100‌
103‌
Secured
Overnight
Financing
Rate
+
1.32%
5.67%,
04/25/2036
(l)
390‌
408‌
Secured
Overnight
Financing
Rate
+
1.79%
Apollo
Global
Management
Inc
6.00%,
12/15/2054
(l)
50‌
50‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.17%
Aviation
Capital
Group
LLC
6.25%,
04/15/2028
(k)
100‌
104‌
Avolon
Holdings
Funding
Ltd
2.53%,
11/18/2027
(k)
200‌
194‌
Azorra
Finance
Ltd
7.75%,
04/15/2030
(k)
3,975‌
4,183‌
Blackstone
Holdings
Finance
Co
LLC
3.50%,
06/01/2034
EUR
100‌
118‌
Blue
Owl
Finance
LLC
3.13%,
06/10/2031
$
100‌
91‌
Bread
Financial
Holdings
Inc
6.75%,
05/15/2031
(k)
975‌
1,004‌
8.38%,
06/15/2035
(k),(l)
1,850‌
1,899‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.30%
Brookfield
Asset
Management
Ltd
4.65%,
11/15/2030
50‌
50‌
Burford
Capital
Global
Finance
LLC
9.25%,
07/01/2031
(k)
5,675‌
5,841‌
Cantor
Fitzgerald
LP
4.50%,
04/14/2027
(k)
100‌
100‌
Capital
One
Financial
Corp
1.65%,
06/12/2029
EUR
100‌
113‌
3.80%,
01/31/2028
$
100‌
99‌
4.49%,
09/11/2031
(l)
100‌
99‌
Secured
Overnight
Financing
Rate
+
1.25%
4.93%,
05/10/2028
(l)
150‌
152‌
Secured
Overnight
Financing
Rate
+
2.06%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
39
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Capital
One
Financial
Corp
(continued)
5.88%,
07/26/2035
(l)
$
100‌
$
104‌
Secured
Overnight
Financing
Rate
+
1.99%
Charles
Schwab
Corp/The
5.64%,
05/19/2029
(l)
100‌
104‌
Secured
Overnight
Financing
Rate
+
2.21%
6.14%,
08/24/2034
(l)
100‌
109‌
Secured
Overnight
Financing
Rate
+
2.01%
Credit
Acceptance
Corp
9.25%,
12/15/2028
(k)
3,775‌
3,956‌
CS
Treasury
Management
Services
P
Ltd
9.00%,
06/05/2026
(h),(k)
612‌
626‌
Equitable
America
Global
Funding
3.95%,
09/15/2027
(k)
50‌
50‌
4.30%,
12/15/2028
(k)
486‌
488‌
Euronext
NV
2.63%,
11/26/2028
EUR
100‌
118‌
EZCORP
Inc
7.38%,
04/01/2032
(k)
$
1,020‌
1,087‌
Focus
Financial
Partners
LLC
6.75%,
09/15/2031
(k)
3,320‌
3,399‌
Freedom
Mortgage
Holdings
LLC
7.88%,
04/01/2033
(k)
1,550‌
1,581‌
goeasy
Ltd
6.88%,
05/15/2030
(k)
1,075‌
1,022‌
Intercontinental
Exchange
Inc
1.85%,
09/15/2032
100‌
85‌
3.00%,
09/15/2060
100‌
60‌
Jane
Street
Group
/
JSG
Finance
Inc
6.75%,
05/01/2033
(k)
1,900‌
1,976‌
Jefferies
Financial
Group
Inc
2.63%,
10/15/2031
100‌
89‌
5.50%,
02/15/2036
50‌
49‌
Lazard
Group
LLC
4.38%,
03/11/2029
100‌
100‌
LPL
Holdings
Inc
5.75%,
06/15/2035
50‌
51‌
LSEG
Finance
PLC
4.50%,
10/19/2028
GBP
100‌
138‌
Lseg
Netherlands
BV
0.25%,
04/06/2028
EUR
100‌
113‌
Mastercard
Inc
1.90%,
03/15/2031
$
200‌
180‌
4.35%,
01/15/2032
666‌
669‌
Nasdaq
Inc
0.90%,
07/30/2033
EUR
100‌
99‌
5.35%,
06/28/2028
$
100‌
103‌
Nomura
Holdings
Inc
3.00%,
01/22/2032
200‌
182‌
7.00%,
07/15/2030
(h),(l),(o)
200‌
208‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.08%
OneMain
Finance
Corp
4.00%,
09/15/2030
1,300‌
1,219‌
7.13%,
11/15/2031
1,425‌
1,477‌
7.50%,
05/15/2031
1,925‌
2,018‌
7.88%,
03/15/2030
2,500‌
2,637‌
ORIX
Corp
2.25%,
03/09/2031
100‌
90‌
5.20%,
09/13/2032
50‌
52‌
Oxford
Finance
LLC
/
Oxford
Finance
Co-Issuer
II
Inc
6.38%,
02/01/2027
(k)
4,750‌
4,745‌
Raymond
James
Financial
Inc
4.65%,
04/01/2030
200‌
204‌
Rfna
LP
7.88%,
02/15/2030
(k)
3,475‌
3,500‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Rocket
Cos
Inc
6.13%,
08/01/2030
(k)
$
500‌
$
512‌
6.38%,
08/01/2033
(k)
1,100‌
1,141‌
6.50%,
08/01/2029
(k)
1,600‌
1,646‌
7.13%,
02/01/2032
(k)
575‌
601‌
Rocket
Mortgage
LLC
/
Rocket
Mortgage
Co-Issuer
Inc
3.88%,
03/01/2031
(k)
475‌
446‌
Sagen
MI
Canada
Inc
3.26%,
03/05/2031
CAD
100‌
70‌
SOCAR
Turkey
Enerji
AS
via
Steas
Funding
1
DAC
7.23%,
03/17/2026
$
1,800‌
1,799‌
Stellantis
Financial
Services
US
Corp
4.95%,
09/15/2028
(k)
452‌
458‌
Stonex
Escrow
Issuer
LLC
6.88%,
07/15/2032
(k)
2,525‌
2,605‌
StoneX
Group
Inc
7.88%,
03/01/2031
(k)
1,850‌
1,968‌
Synchrony
Financial
2.88%,
10/28/2031
100‌
89‌
5.15%,
03/19/2029
914‌
928‌
5.45%,
03/06/2031
(l)
289‌
295‌
Secured
Overnight
Financing
Rate
+
1.68%
USAA
Capital
Corp
4.38%,
06/01/2028
(k)
625‌
632‌
Visa
Inc
2.05%,
04/15/2030
100‌
93‌
3.65%,
09/15/2047
100‌
78‌
Voya
Financial
Inc
5.00%,
09/20/2034
75‌
75‌
$
68,117‌
Electric
-
2.85%
AEP
Texas
Inc
5.85%,
10/15/2055
731‌
719‌
AEP
Transmission
Co
LLC
4.50%,
06/15/2052
279‌
235‌
AES
Corp/The
2.45%,
01/15/2031
119‌
108‌
5.80%,
03/15/2032
521‌
539‌
Alabama
Power
Co
3.00%,
03/15/2052
150‌
97‌
4.30%,
03/15/2031
50‌
50‌
AltaLink
LP
4.87%,
11/15/2040
CAD
100‌
75‌
Ameren
Corp
5.70%,
12/01/2026
$
295‌
299‌
Ameren
Illinois
Co
3.85%,
09/01/2032
100‌
96‌
American
Electric
Power
Co
Inc
5.80%,
03/15/2056
450‌
450‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.26%
6.05%,
03/15/2056
(l)
600‌
596‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.94%
6.95%,
12/15/2054
(l)
600‌
643‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
7.05%,
12/15/2054
(l)
800‌
837‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.75%
Amprion
GmbH
4.13%,
09/07/2034
EUR
100‌
123‌
Appalachian
Power
Co
4.50%,
03/01/2049
$
100‌
82‌
7.00%,
04/01/2038
100‌
113‌
Arizona
Public
Service
Co
4.50%,
04/01/2042
100‌
88‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
40
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Ausgrid
Finance
Pty
Ltd
1.81%,
02/05/2027
AUD
100‌
$
68‌
AusNet
Services
Holdings
Pty
Ltd
2.60%,
07/31/2029
100‌
64‌
Avangrid
Inc
3.80%,
06/01/2029
$
100‌
99‌
Baltimore
Gas
and
Electric
Co
5.40%,
06/01/2053
100‌
96‌
Black
Hills
Corp
4.55%,
01/31/2031
50‌
50‌
Brookfield
Infrastructure
Finance
ULC
5.98%,
02/14/2033
CAD
100‌
81‌
Brookfield
Renewable
Partners
ULC
5.88%,
11/09/2032
100‌
81‌
Bruce
Power
LP
4.70%,
12/21/2027
100‌
76‌
Capital
Power
Corp
4.23%,
01/14/2033
50‌
37‌
CenterPoint
Energy
Houston
Electric
LLC
5.05%,
03/01/2035
$
100‌
101‌
CenterPoint
Energy
Inc
6.85%,
02/15/2055
(l)
50‌
53‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.95%
CMS
Energy
Corp
4.75%,
06/01/2050
(l)
644‌
636‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.12%
Comision
Federal
de
Electricidad
5.00%,
09/29/2036
809‌
762‌
Commonwealth
Edison
Co
3.80%,
10/01/2042
100‌
81‌
5.95%,
06/01/2055
142‌
147‌
Connecticut
Light
and
Power
Co/The
4.95%,
08/15/2034
100‌
101‌
Consolidated
Edison
Co
of
New
York
Inc
4.13%,
05/15/2049
534‌
425‌
4.45%,
03/15/2044
277‌
241‌
4.50%,
12/01/2045
401‌
345‌
4.50%,
05/15/2058
100‌
81‌
4.63%,
12/01/2054
100‌
84‌
Constellation
Energy
Generation
LLC
3.75%,
03/01/2031
(k)
100‌
96‌
5.80%,
03/01/2033
100‌
106‌
5.88%,
01/15/2066
292‌
285‌
Consumers
Energy
Co
3.60%,
08/15/2032
100‌
95‌
4.90%,
02/15/2029
100‌
103‌
Dominion
Energy
Inc
3.38%,
04/01/2030
100‌
97‌
4.85%,
08/15/2052
100‌
86‌
6.63%,
05/15/2055
2,050‌
2,107‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.41%
DTE
Electric
Co
4.05%,
05/15/2048
100‌
81‌
DTE
Energy
Co
4.88%,
06/01/2028
505‌
514‌
Duke
Energy
Carolinas
LLC
3.55%,
03/15/2052
306‌
220‌
5.25%,
03/15/2035
100‌
103‌
5.40%,
01/15/2054
194‌
188‌
Duke
Energy
Corp
3.10%,
06/15/2028
EUR
100‌
120‌
3.75%,
09/01/2046
$
50‌
38‌
5.00%,
12/08/2027
200‌
204‌
5.80%,
06/15/2054
396‌
391‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Duke
Energy
Corp
(continued)
6.45%,
09/01/2054
(l)
$
50‌
$
52‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.59%
Duke
Energy
Florida
LLC
5.95%,
11/15/2052
261‌
270‌
Duke
Energy
Indiana
LLC
3.25%,
10/01/2049
100‌
69‌
5.40%,
04/01/2053
100‌
95‌
Duke
Energy
Ohio
Inc
5.55%,
03/15/2054
50‌
49‌
5.65%,
04/01/2053
210‌
208‌
Duke
Energy
Progress
LLC
4.00%,
04/01/2052
404‌
312‌
Duquesne
Light
Holdings
Inc
2.53%,
10/01/2030
(k)
100‌
91‌
E.ON
International
Finance
BV
5.88%,
10/30/2037
GBP
100‌
138‌
E.ON
SE
3.13%,
03/05/2030
EUR
100‌
120‌
3.50%,
10/26/2037
100‌
117‌
Eastern
European
Electric
Co
BV
6.50%,
05/15/2030
(k)
825‌
1,028‌
6.50%,
05/15/2030
450‌
561‌
Eastern
Power
Networks
PLC
1.88%,
06/01/2035
GBP
100‌
104‌
Edison
International
5.25%,
11/15/2028
$
100‌
102‌
EDP
Finance
BV
3.88%,
03/11/2030
EUR
100‌
123‌
Electricite
de
France
SA
9.13%,
03/15/2033
(h),(l)
$
1,700‌
2,012‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.41%
Emera
US
Finance
LP
2.64%,
06/15/2031
100‌
90‌
4.75%,
06/15/2046
595‌
509‌
Enel
Finance
International
NV
3.50%,
04/06/2028
(k)
347‌
343‌
4.50%,
02/20/2043
EUR
100‌
120‌
4.75%,
05/25/2047
(k)
$
283‌
245‌
5.13%,
06/26/2029
(k)
475‌
487‌
6.80%,
09/15/2037
(k)
100‌
112‌
Enel
SpA
4.25%,
01/14/2030
(h),(l)
EUR
100‌
120‌
Euribor
Swap
Rate
5
Year
+
2.01%
Energo
-
Pro
as
6.45%,
04/15/2031
1,100‌
1,296‌
8.00%,
05/27/2030
(k)
1,500‌
1,889‌
Energuate
Trust
2
0
6.35%,
09/15/2035
(k)
$
1,025‌
1,024‌
Engie
SA
2.13%,
03/30/2032
EUR
200‌
223‌
4.25%,
01/11/2043
100‌
116‌
Entergy
Arkansas
LLC
4.20%,
04/01/2049
$
100‌
81‌
4.95%,
01/15/2036
204‌
204‌
Entergy
Corp
6.10%,
06/15/2056
(l)
1,900‌
1,899‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.01%
Entergy
Louisiana
LLC
2.35%,
06/15/2032
100‌
88‌
Entergy
Mississippi
LLC
3.85%,
06/01/2049
316‌
242‌
Entergy
Texas
Inc
4.50%,
03/30/2039
1,207‌
1,117‌
5.55%,
09/15/2054
50‌
48‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
41
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Eurogrid
GmbH
0.74%,
04/21/2033
EUR
100‌
$
98‌
EUSHI
Finance
Inc
6.25%,
04/01/2056
(l)
$
400‌
402‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.51%
Evergy
Kansas
Central
Inc
4.70%,
03/13/2028
198‌
201‌
Evergy
Metro
Inc
4.20%,
06/15/2047
100‌
82‌
Eversource
Energy
3.45%,
01/15/2050
100‌
71‌
Exelon
Corp
4.10%,
03/15/2052
100‌
77‌
6.50%,
03/15/2055
(l)
100‌
104‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.98%
FirstEnergy
Corp
2.65%,
03/01/2030
100‌
93‌
3.40%,
03/01/2050
100‌
69‌
4.85%,
07/15/2047
501‌
443‌
FirstEnergy
Pennsylvania
Electric
Co
5.20%,
04/01/2028
(k)
809‌
827‌
FirstEnergy
Transmission
LLC
4.55%,
04/01/2049
(k)
983‌
839‌
Florida
Power
&
Light
Co
3.99%,
03/01/2049
100‌
79‌
4.05%,
10/01/2044
100‌
83‌
5.15%,
06/15/2029
667‌
692‌
5.30%,
06/15/2034
150‌
157‌
5.60%,
02/15/2066
289‌
284‌
5.70%,
03/15/2055
50‌
51‌
FortisAlberta
Inc
4.27%,
09/22/2045
CAD
100‌
69‌
Georgia
Power
Co
3.25%,
03/15/2051
$
811‌
556‌
Hydro
One
Inc
3.63%,
06/25/2049
CAD
100‌
62‌
4.25%,
01/04/2035
100‌
75‌
Iberdrola
Finanzas
SA
1.62%,
11/29/2029
EUR
100‌
114‌
4.88%,
04/25/2028
(h),(l)
100‌
123‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.26%
Iberdrola
International
BV
6.75%,
07/15/2036
$
75‌
85‌
Indianapolis
Power
&
Light
Co
5.70%,
04/01/2054
(k)
50‌
50‌
Interstate
Power
and
Light
Co
3.50%,
09/30/2049
572‌
411‌
ITC
Holdings
Corp
3.35%,
11/15/2027
100‌
99‌
Kentucky
Power
Co
7.00%,
11/15/2033
(k)
967‌
1,052‌
Kentucky
Utilities
Co
5.13%,
11/01/2040
100‌
98‌
5.85%,
08/15/2055
211‌
214‌
Liberty
Utilities
Finance
GP
1
2.05%,
09/15/2030
(k)
352‌
319‌
Lightning
Power
LLC
7.25%,
08/15/2032
(k)
1,675‌
1,783‌
MidAmerican
Energy
Co
5.30%,
02/01/2055
50‌
47‌
5.35%,
01/15/2034
50‌
52‌
5.85%,
09/15/2054
50‌
51‌
Narragansett
Electric
Co/The
5.35%,
05/01/2034
(k)
460‌
473‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
National
Grid
Electricity
Distribution
West
Midlands
PLC
5.75%,
04/16/2032
GBP
100‌
$
142‌
National
Grid
PLC
0.25%,
09/01/2028
EUR
100‌
112‌
0.55%,
09/18/2029
100‌
109‌
National
Rural
Utilities
Cooperative
Finance
Corp
3.95%,
12/10/2027
$
820‌
822‌
4.12%,
09/16/2027
472‌
474‌
4.15%,
08/25/2028
239‌
240‌
4.75%,
02/07/2028
244‌
248‌
Network
Finance
Co
Pty
Ltd
2.58%,
10/03/2028
AUD
100‌
65‌
Nevada
Power
Co
3.13%,
08/01/2050
$
100‌
65‌
New
England
Power
Co
3.80%,
12/05/2047
(k)
100‌
76‌
New
York
State
Electric
&
Gas
Corp
5.85%,
08/15/2033
(k)
449‌
476‌
NextEra
Energy
Capital
Holdings
Inc
1.88%,
01/15/2027
200‌
196‌
4.00%,
05/15/2056
(l)
EUR
100‌
118‌
Euribor
Swap
Rate
5
Year
+
1.59%
4.69%,
09/01/2027
$
333‌
337‌
5.30%,
03/15/2032
713‌
741‌
5.65%,
05/01/2079
(l)
100‌
101‌
3
Month
USD
LIBOR
+
3.16%
5.90%,
03/15/2055
209‌
210‌
Niagara
Mohawk
Power
Corp
5.66%,
01/17/2054
(k)
50‌
48‌
Northern
Powergrid
Northeast
PLC
1.88%,
06/16/2062
GBP
100‌
55‌
Northern
States
Power
Co/MN
2.60%,
06/01/2051
$
100‌
61‌
NRG
Energy
Inc
7.00%,
03/15/2033
(k)
50‌
55‌
Oklahoma
Gas
and
Electric
Co
3.25%,
04/01/2030
100‌
96‌
Oncor
Electric
Delivery
Co
LLC
3.70%,
05/15/2050
100‌
74‌
4.15%,
06/01/2032
434‌
424‌
5.75%,
03/15/2029
200‌
209‌
Pacific
Gas
and
Electric
Co
3.30%,
03/15/2027
150‌
149‌
3.30%,
08/01/2040
150‌
114‌
3.95%,
12/01/2047
304‌
227‌
4.30%,
03/15/2045
909‌
723‌
4.95%,
07/01/2050
734‌
622‌
5.00%,
06/04/2028
50‌
51‌
6.10%,
01/15/2029
75‌
79‌
6.10%,
10/15/2055
890‌
876‌
6.75%,
01/15/2053
100‌
107‌
PacifiCorp
4.10%,
02/01/2042
100‌
80‌
PECO
Energy
Co
4.88%,
09/15/2035
50‌
50‌
PPL
Capital
Funding
Inc
5.25%,
09/01/2034
237‌
242‌
Public
Service
Co
of
Colorado
1.90%,
01/15/2031
100‌
89‌
2.70%,
01/15/2051
1,513‌
915‌
3.70%,
06/15/2028
531‌
528‌
4.10%,
06/15/2048
711‌
566‌
5.15%,
09/15/2035
50‌
50‌
Public
Service
Co
of
Oklahoma
2.20%,
08/15/2031
643‌
570‌
5.45%,
01/15/2036
50‌
51‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
42
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Public
Service
Electric
and
Gas
Co
4.85%,
08/01/2034
$
336‌
$
338‌
5.63%,
01/01/2056
50‌
50‌
Public
Service
Enterprise
Group
Inc
2.45%,
11/15/2031
100‌
90‌
Puget
Energy
Inc
4.10%,
06/15/2030
100‌
98‌
Puget
Sound
Energy
Inc
5.60%,
09/15/2055
50‌
49‌
5.69%,
06/15/2054
382‌
378‌
Red
Electrica
Financiaciones
SA
1.25%,
03/13/2027
EUR
100‌
117‌
RWE
AG
2.75%,
05/24/2030
100‌
118‌
4.13%,
02/13/2035
50‌
62‌
RWE
Finance
US
LLC
5.88%,
09/18/2055
(k)
$
670‌
659‌
6.25%,
04/16/2054
(k)
976‌
1,009‌
Saavi
Energia
Sarl
8.88%,
02/10/2035
(k)
2,775‌
3,004‌
San
Diego
Gas
&
Electric
Co
4.95%,
08/15/2028
100‌
102‌
5.40%,
04/15/2035
50‌
52‌
Sempra
4.13%,
04/01/2052
(l)
75‌
74‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.87%
6.55%,
04/01/2055
(l)
50‌
51‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.14%
Southern
California
Edison
Co
3.60%,
02/01/2045
100‌
72‌
5.88%,
12/01/2053
306‌
294‌
5.95%,
11/01/2032
200‌
212‌
6.20%,
09/15/2055
409‌
412‌
Southern
Co/The
4.85%,
06/15/2028
100‌
102‌
Southern
Power
Co
5.25%,
07/15/2043
100‌
96‌
Southwestern
Public
Service
Co
6.00%,
06/01/2054
50‌
51‌
SSE
PLC
4.00%,
01/21/2028
(h),(l)
EUR
100‌
120‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.70%
Terna
-
Rete
Elettrica
Nazionale
0.38%,
06/23/2029
100‌
109‌
Trans-Allegheny
Interstate
Line
Co
5.00%,
01/15/2031
(k)
$
370‌
380‌
Union
Electric
Co
3.25%,
10/01/2049
100‌
69‌
3.90%,
04/01/2052
387‌
295‌
Virginia
Electric
and
Power
Co
2.40%,
03/30/2032
150‌
134‌
4.60%,
12/01/2048
50‌
43‌
5.05%,
08/15/2034
100‌
101‌
5.55%,
08/15/2054
204‌
197‌
Vistra
Operations
Co
LLC
4.30%,
10/15/2028
(k)
612‌
612‌
6.95%,
10/15/2033
(k)
100‌
111‌
VoltaGrid
LLC
7.38%,
11/01/2030
(k)
3,025‌
3,064‌
WEC
Energy
Group
Inc
2.20%,
12/15/2028
100‌
95‌
5.63%,
05/15/2056
(l)
300‌
302‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.91%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Wisconsin
Electric
Power
Co
4.15%,
10/15/2030
$
100‌
$
100‌
Wisconsin
Power
and
Light
Co
3.95%,
09/01/2032
380‌
366‌
5.38%,
03/30/2034
100‌
103‌
Xcel
Energy
Inc
5.45%,
08/15/2033
100‌
103‌
$
65,219‌
Electrical
Components
&
Equipment
-
0.04%
Schneider
Electric
SE
3.38%,
04/13/2034
EUR
100‌
119‌
WESCO
Distribution
Inc
6.63%,
03/15/2032
(k)
$
725‌
758‌
$
877‌
Electronics
-
0.23%
Allegion
US
Holding
Co
Inc
5.41%,
07/01/2032
430‌
446‌
5.60%,
05/29/2034
449‌
469‌
Amphenol
Corp
3.90%,
11/15/2028
453‌
453‌
4.13%,
11/15/2030
481‌
478‌
4.63%,
02/15/2036
50‌
49‌
5.30%,
11/15/2055
414‌
395‌
Honeywell
International
Inc
1.10%,
03/01/2027
100‌
97‌
1.95%,
06/01/2030
100‌
91‌
4.50%,
01/15/2034
100‌
99‌
5.35%,
03/01/2064
50‌
48‌
Keysight
Technologies
Inc
4.60%,
04/06/2027
100‌
101‌
Trimble
Inc
6.10%,
03/15/2033
318‌
340‌
Tyco
Electronics
Group
SA
4.88%,
02/09/2036
(i)
530‌
528‌
5.00%,
05/09/2035
659‌
665‌
Vontier
Corp
2.40%,
04/01/2028
100‌
96‌
2.95%,
04/01/2031
1,007‌
924‌
$
5,279‌
Energy
-
Alternate
Sources
-
0.13%
FS
Luxembourg
Sarl
8.63%,
06/25/2033
(k)
950‌
981‌
8.88%,
02/12/2031
(k)
1,408‌
1,493‌
8.88%,
02/12/2031
(j)
530‌
562‌
$
3,036‌
Engineering
&
Construction
-
0.81%
Aeroports
de
Montreal
3.03%,
04/21/2050
CAD
75‌
41‌
ATP
Tower
Holdings
/
Andean
Telecom
Partners
Chile
SpA
/
Andean
Tower
Partners
Colombia
SAS
7.88%,
02/03/2030
(k)
$
2,175‌
2,238‌
Bouygues
SA
2.25%,
06/29/2029
EUR
200‌
234‌
Brundage-Bone
Concrete
Pumping
Holdings
Inc
7.50%,
02/01/2032
(k)
$
3,750‌
3,775‌
Cellnex
Finance
Co
SA
2.00%,
02/15/2033
EUR
100‌
107‌
CIMIC
Finance
USA
Pty
Ltd
7.00%,
03/25/2034
(k)
$
50‌
54‌
Corp
Quiport
SA
9.00%,
12/15/2037
(k)
3,050‌
3,284‌
Gatwick
Funding
Ltd
2.88%,
07/05/2051
GBP
100‌
81‌
Greater
Toronto
Airports
Authority
2.75%,
10/17/2039
CAD
50‌
30‌
Heathrow
Funding
Ltd
1.88%,
03/14/2036
EUR
100‌
104‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
43
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Engineering
&
Construction
(continued)
HOCHTIEF
AG
0.63%,
04/26/2029
EUR
100‌
$
111‌
ICA
ICTAS
Altyapi
Yavuz
Sultan
Selim
Koprusu
Ve
Kuzey
Cevre
Otoyolu
Yatirim
Ve
I
7.54%,
10/31/2027
$
3,025‌
3,089‌
IHS
Holding
Ltd
7.88%,
05/29/2030
(k)
1,700‌
1,750‌
8.25%,
11/29/2031
325‌
339‌
IHS
Netherlands
Holdco
BV
8.00%,
09/18/2027
1,358‌
1,357‌
Jacobs
Engineering
Group
Inc
6.35%,
08/18/2028
50‌
53‌
Kingston
Airport
Revenue
Finance
Ltd
6.75%,
12/15/2036
(k)
900‌
918‌
Manchester
Airport
Group
Funding
PLC
5.25%,
09/30/2036
GBP
100‌
135‌
MasTec
Inc
5.90%,
06/15/2029
$
425‌
445‌
Sydney
Airport
Finance
Co
Pty
Ltd
4.38%,
05/03/2033
EUR
100‌
125‌
Vancouver
Airport
Authority
1.76%,
09/20/2030
CAD
250‌
172‌
$
18,442‌
Entertainment
-
1.80%
Brightstar
Lottery
PLC/
Brightstar
Global
Solutions
Corp
5.75%,
01/15/2033
(k)
$
1,825‌
1,814‌
Caesars
Entertainment
Inc
4.63%,
10/15/2029
(k)
2,025‌
1,945‌
6.00%,
10/15/2032
(j),(k)
5,630‌
5,477‌
7.00%,
02/15/2030
(k)
4,925‌
5,086‌
Cinemark
USA
Inc
7.00%,
08/01/2032
(k)
1,675‌
1,733‌
Jacobs
Entertainment
Inc
6.75%,
02/15/2029
(k)
900‌
889‌
Light
&
Wonder
International
Inc
6.25%,
10/01/2033
(k)
2,615‌
2,648‌
7.50%,
09/01/2031
(k)
2,625‌
2,747‌
Rivers
Enterprise
Borrower
LLC
/
Rivers
Enterprise
Finance
Corp
6.63%,
02/01/2033
(k)
3,675‌
3,741‌
Scientific
Games
Holdings
LP/Scientific
Games
US
FinCo
Inc
6.63%,
03/01/2030
(k)
6,720‌
6,132‌
Six
Flags
Entertainment
Corp
7.25%,
05/15/2031
(k)
1,070‌
1,056‌
Six
Flags
Entertainment
Corp
/Six
Flags
Theme
Parks
Inc/
Canada's
Wonderland
Co
6.63%,
05/01/2032
(k)
870‌
889‌
Voyager
Parent
LLC
9.25%,
07/01/2032
(k)
4,275‌
4,541‌
Warnermedia
Holdings
Inc
5.05%,
03/15/2042
1,530‌
1,075‌
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
7.13%,
02/15/2031
(k)
1,350‌
1,454‌
$
41,227‌
Environmental
Control
-
0.49%
Madison
IAQ
LLC
5.88%,
06/30/2029
(k)
5,148‌
5,142‌
Republic
Services
Inc
5.00%,
04/01/2034
100‌
102‌
Reworld
Holding
Corp
4.88%,
12/01/2029
(k)
925‌
895‌
Waste
Connections
Inc
2.20%,
01/15/2032
766‌
678‌
2.60%,
02/01/2030
50‌
47‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Environmental
Control
(continued)
Waste
Management
Inc
3.15%,
11/15/2027
$
100‌
$
99‌
4.63%,
02/15/2033
100‌
101‌
4.95%,
07/03/2027
659‌
670‌
Waste
Pro
USA
Inc
7.00%,
02/01/2033
(k)
3,275‌
3,365‌
$
11,099‌
Food
-
1.85%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
5.75%,
03/31/2034
(k)
1,800‌
1,770‌
Barry
Callebaut
Services
NV
4.25%,
08/19/2031
EUR
100‌
122‌
Bimbo
Bakeries
USA
Inc
6.05%,
01/15/2029
$
200‌
209‌
Carrefour
SA
2.88%,
12/08/2028
EUR
100‌
119‌
Conagra
Brands
Inc
4.85%,
11/01/2028
$
100‌
101‌
5.00%,
08/01/2030
50‌
51‌
7.00%,
10/01/2028
602‌
643‌
Danone
SA
0.52%,
11/09/2030
EUR
100‌
106‌
Fiesta
Purchaser
Inc
7.88%,
03/01/2031
(k)
$
3,240‌
3,332‌
9.63%,
09/15/2032
(k)
4,910‌
4,967‌
Froneri
Lux
FinCo
SARL
4.75%,
08/01/2032
(k)
EUR
2,700‌
3,229‌
6.00%,
08/01/2032
(k)
$
725‌
734‌
General
Mills
Inc
4.20%,
04/17/2028
100‌
100‌
Grupo
Nutresa
SA
8.00%,
05/12/2030
(k)
1,750‌
1,864‌
Hershey
Co/The
4.55%,
02/24/2028
408‌
415‌
Hormel
Foods
Corp
1.70%,
06/03/2028
100‌
95‌
4.80%,
03/30/2027
618‌
624‌
J
M
Smucker
Co/The
6.20%,
11/15/2033
50‌
54‌
JBS
NV/JBS
USA
Foods
Group
Holdings
Inc/JBS
USA
Food
Co
Holdings
5.95%,
04/20/2035
150‌
158‌
6.50%,
12/01/2052
50‌
52‌
Kellanova
7.45%,
04/01/2031
1,030‌
1,182‌
Kraft
Heinz
Foods
Co
3.75%,
04/01/2030
50‌
49‌
3.88%,
05/15/2027
200‌
199‌
4.38%,
06/01/2046
710‌
583‌
4.88%,
10/01/2049
413‌
354‌
5.20%,
03/15/2032
343‌
352‌
5.50%,
06/01/2050
100‌
93‌
Kroger
Co/The
3.88%,
10/15/2046
197‌
153‌
4.65%,
01/15/2048
50‌
43‌
5.00%,
09/15/2034
308‌
308‌
5.50%,
09/15/2054
669‌
639‌
5.65%,
09/15/2064
985‌
937‌
Lamb
Weston
Holdings
Inc
4.38%,
01/31/2032
(k)
1,025‌
977‌
Loblaw
Cos
Ltd
5.01%,
09/13/2032
CAD
100‌
78‌
Magnum
Icc
Finance
BV
2.75%,
02/26/2029
EUR
100‌
118‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
44
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
Mars
Inc
3.95%,
04/01/2044
(k)
$
100‌
$
83‌
4.60%,
03/01/2028
(k)
100‌
101‌
4.65%,
04/20/2031
(k)
812‌
828‌
4.80%,
03/01/2030
(k)
50‌
51‌
5.65%,
05/01/2045
(k)
594‌
599‌
5.70%,
05/01/2055
(k)
432‌
431‌
Metro
Inc/CN
4.27%,
12/04/2047
CAD
50‌
33‌
Mondelez
International
Inc
0.25%,
03/17/2028
EUR
100‌
113‌
5.13%,
05/06/2035
$
50‌
51‌
Nestle
Finance
International
Ltd
1.25%,
03/29/2031
EUR
100‌
110‌
3.50%,
09/23/2038
50‌
58‌
3.75%,
03/13/2033
100‌
124‌
Nestle
Holdings
Inc
2.63%,
09/14/2051
(k)
$
150‌
93‌
Performance
Food
Group
Inc
6.13%,
09/15/2032
(k)
1,075‌
1,104‌
Pilgrim's
Pride
Corp
6.25%,
07/01/2033
100‌
107‌
Post
Holdings
Inc
4.50%,
09/15/2031
(k)
4,400‌
4,168‌
6.25%,
10/15/2034
(k)
990‌
997‌
6.50%,
03/15/2036
(k)
1,900‌
1,902‌
Simmons
Foods
Inc/Simmons
Prepared
Foods
Inc/
Simmons
Pet
Food
Inc/Simmons
Feed
4.63%,
03/01/2029
(k)
3,160‌
3,046‌
Smithfield
Foods
Inc
2.63%,
09/13/2031
(k)
100‌
89‌
Sysco
Corp
4.45%,
03/15/2048
554‌
471‌
4.50%,
04/01/2046
362‌
311‌
5.10%,
09/23/2030
679‌
701‌
6.60%,
04/01/2050
50‌
55‌
Tesco
Corporate
Treasury
Services
PLC
2.75%,
04/27/2030
GBP
100‌
128‌
US
Foods
Inc
7.25%,
01/15/2032
(k)
$
1,671‌
1,753‌
Woolworths
Group
Ltd
5.91%,
11/29/2034
AUD
100‌
70‌
$
42,387‌
Forest
Products
&
Paper
-
0.10%
Georgia-Pacific
LLC
2.30%,
04/30/2030
(k)
$
100‌
92‌
4.40%,
06/30/2028
(k)
236‌
238‌
International
Paper
Co
4.40%,
08/15/2047
75‌
62‌
Magnera
Corp
4.75%,
11/15/2029
(k)
800‌
723‌
7.25%,
11/15/2031
(k)
1,200‌
1,134‌
Suzano
Austria
GmbH
3.13%,
01/15/2032
100‌
90‌
$
2,339‌
Gas
-
0.25%
AltaGas
Ltd
3.03%,
11/10/2027
CAD
50‌
37‌
7.20%,
10/15/2054
(k),(l)
$
1,000‌
1,040‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.57%
APA
Infrastructure
Ltd
5.13%,
09/16/2034
(k)
100‌
100‌
Atmos
Energy
Corp
1.50%,
01/15/2031
100‌
88‌
5.45%,
01/15/2056
50‌
48‌
Brooklyn
Union
Gas
Co/The
6.39%,
09/15/2033
(k)
150‌
161‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Gas
(continued)
Cadent
Finance
PLC
5.75%,
03/14/2034
GBP
100‌
$
140‌
CU
Inc
5.09%,
09/20/2053
CAD
75‌
58‌
Enbridge
Gas
Inc
4.00%,
08/22/2044
100‌
67‌
ENN
Energy
Holdings
Ltd
2.63%,
09/17/2030
$
200‌
184‌
EP
Infrastructure
AS
2.05%,
10/09/2028
EUR
100‌
115‌
Italgas
SpA
1.00%,
12/11/2031
100‌
105‌
KeySpan
Gas
East
Corp
5.99%,
03/06/2033
(k)
$
623‌
655‌
Naturgy
Finance
Iberia
SA
1.50%,
01/29/2028
EUR
100‌
116‌
NiSource
Inc
5.65%,
02/01/2045
$
100‌
99‌
5.85%,
04/01/2055
198‌
197‌
6.38%,
03/31/2055
(l)
1,800‌
1,860‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.53%
Piedmont
Natural
Gas
Co
Inc
5.10%,
02/15/2035
100‌
101‌
Snam
SpA
1.25%,
06/20/2034
EUR
100‌
100‌
Southern
California
Gas
Co
3.95%,
02/15/2050
$
25‌
19‌
5.60%,
04/01/2054
295‌
288‌
Southern
Co
Gas
Capital
Corp
1.75%,
01/15/2031
75‌
66‌
5.10%,
09/15/2035
50‌
50‌
$
5,694‌
Hand
&
Machine
Tools
-
0.04%
Stanley
Black
&
Decker
Inc
6.71%,
03/15/2060
(l)
1,018‌
1,008‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.66%
Healthcare
-
Products
-
0.43%
Abbott
Laboratories
4.75%,
04/15/2043
100‌
94‌
Agilent
Technologies
Inc
2.30%,
03/12/2031
1,001‌
908‌
2.75%,
09/15/2029
844‌
807‌
American
Medical
Systems
Europe
BV
1.38%,
03/08/2028
EUR
100‌
116‌
Baxter
International
Inc
2.54%,
02/01/2032
$
100‌
87‌
3.95%,
04/01/2030
100‌
98‌
5.65%,
12/15/2035
290‌
292‌
Boston
Scientific
Corp
2.65%,
06/01/2030
100‌
94‌
DH
Europe
Finance
II
Sarl
0.75%,
09/18/2031
EUR
100‌
104‌
3.40%,
11/15/2049
$
100‌
72‌
EssilorLuxottica
SA
0.50%,
06/05/2028
EUR
100‌
114‌
GE
HealthCare
Technologies
Inc
5.50%,
06/15/2035
$
50‌
52‌
5.65%,
11/15/2027
1,255‌
1,290‌
Koninklijke
Philips
NV
4.25%,
09/08/2031
EUR
100‌
125‌
Medline
Borrower
LP
5.25%,
10/01/2029
(k)
$
1,675‌
1,678‌
Medtronic
Global
Holdings
SCA
1.13%,
03/07/2027
EUR
100‌
117‌
1.63%,
10/15/2050
100‌
69‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
45
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
(continued)
Medtronic
Inc
4.38%,
03/15/2035
$
100‌
$
98‌
Molnlycke
Holding
AB
4.25%,
09/08/2028
EUR
100‌
123‌
Neogen
Food
Safety
Corp
8.63%,
07/20/2030
(k)
$
885‌
943‌
Sartorius
Finance
BV
4.88%,
09/14/2035
EUR
100‌
127‌
Solventum
Corp
5.90%,
04/30/2054
$
50‌
50‌
STERIS
Irish
FinCo
UnLtd
Co
3.75%,
03/15/2051
1,394‌
1,043‌
Stryker
Corp
0.75%,
03/01/2029
EUR
100‌
112‌
4.85%,
12/08/2028
$
100‌
102‌
Thermo
Fisher
Scientific
Inc
1.50%,
10/01/2039
EUR
100‌
89‌
2.04%,
03/07/2036
CHF
50‌
69‌
4.47%,
10/07/2032
$
491‌
492‌
5.00%,
01/31/2029
417‌
430‌
5.40%,
08/10/2043
100‌
100‌
$
9,895‌
Healthcare
-
Services
-
2.40%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(k)
1,325‌
1,272‌
5.50%,
07/01/2028
(k)
80‌
79‌
7.38%,
03/15/2033
(j),(k)
4,580‌
4,524‌
Adventist
Health
System/West
4.74%,
12/01/2030
50‌
50‌
Aetna
Inc
4.75%,
03/15/2044
100‌
87‌
Ascension
Health
4.92%,
11/15/2035
50‌
50‌
Banner
Health
2.34%,
01/01/2030
50‌
47‌
Centene
Corp
2.50%,
03/01/2031
200‌
173‌
4.25%,
12/15/2027
50‌
50‌
Cigna
Group/The
2.38%,
03/15/2031
448‌
406‌
3.40%,
03/01/2027
100‌
99‌
3.40%,
03/15/2050
1,132‌
790‌
3.88%,
10/15/2047
223‌
172‌
4.38%,
10/15/2028
340‌
343‌
4.80%,
08/15/2038
200‌
191‌
4.88%,
09/15/2032
50‌
51‌
CommonSpirit
Health
4.19%,
10/01/2049
100‌
79‌
Concentra
Health
Services
Inc
6.88%,
07/15/2032
(k)
1,075‌
1,125‌
DaVita
Inc
3.75%,
02/15/2031
(k)
650‌
596‌
4.63%,
06/01/2030
(k)
2,525‌
2,430‌
6.75%,
07/15/2033
(k)
1,525‌
1,565‌
6.88%,
09/01/2032
(k)
525‌
541‌
Elevance
Health
Inc
3.60%,
03/15/2051
150‌
107‌
4.00%,
09/15/2028
100‌
100‌
4.55%,
03/01/2048
100‌
85‌
5.70%,
09/15/2055
289‌
281‌
6.10%,
10/15/2052
69‌
71‌
Eurofins
Scientific
SE
4.75%,
09/06/2030
EUR
100‌
126‌
Fresenius
Medical
Care
US
Finance
III
Inc
3.75%,
06/15/2029
(k)
$
150‌
147‌
Fresenius
SE
&
Co
KGaA
2.88%,
05/24/2030
EUR
100‌
119‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Global
Medical
Response
Inc
7.38%,
10/01/2032
(k)
$
3,580‌
$
3,702‌
Hackensack
Meridian
Health
Inc
2.88%,
09/01/2050
100‌
64‌
HCA
Inc
3.38%,
03/15/2029
288‌
281‌
3.50%,
09/01/2030
606‌
583‌
3.50%,
07/15/2051
736‌
499‌
4.50%,
02/15/2027
100‌
100‌
4.63%,
03/15/2052
918‌
750‌
5.45%,
04/01/2031
439‌
456‌
5.50%,
03/01/2032
506‌
528‌
5.75%,
03/01/2035
100‌
105‌
6.10%,
04/01/2064
50‌
50‌
Health
Care
Service
Corp
A
Mutual
Legal
Reserve
Co
5.45%,
06/15/2034
(k)
100‌
102‌
Humana
Inc
3.13%,
08/15/2029
100‌
96‌
4.88%,
04/01/2030
812‌
818‌
5.55%,
05/01/2035
50‌
50‌
5.75%,
04/15/2054
50‌
46‌
5.88%,
03/01/2033
246‌
255‌
Kaiser
Foundation
Hospitals
4.15%,
05/01/2047
100‌
83‌
LifePoint
Health
Inc
9.88%,
08/15/2030
(k)
775‌
831‌
10.00%,
06/01/2032
(k)
3,125‌
3,297‌
11.00%,
10/15/2030
(k)
1,150‌
1,254‌
Lonza
Finance
International
NV
3.25%,
09/04/2030
EUR
100‌
120‌
Memorial
Sloan-Kettering
Cancer
Center
2.96%,
01/01/2050
$
100‌
66‌
Molina
Healthcare
Inc
3.88%,
05/15/2032
(k)
800‌
720‌
6.25%,
01/15/2033
(k)
360‌
362‌
6.50%,
02/15/2031
(k)
320‌
328‌
Montefiore
Obligated
Group
5.25%,
11/01/2048
25‌
21‌
National
Mentor
Holdings
Inc
10.50%,
12/15/2030
(k)
2,960‌
3,058‌
Pediatrix
Medical
Group
Inc
5.38%,
02/15/2030
(k)
650‌
650‌
Providence
St
Joseph
Health
Obligated
Group
5.37%,
10/01/2032
50‌
52‌
Quest
Diagnostics
Inc
5.00%,
12/15/2034
534‌
539‌
Roche
Holdings
Inc
2.61%,
12/13/2051
(k)
200‌
123‌
4.37%,
12/02/2032
(k)
550‌
549‌
4.91%,
03/08/2031
(k)
971‌
1,002‌
5.49%,
11/13/2030
(k)
1,921‌
2,028‌
Select
Medical
Corp
6.25%,
12/01/2032
(k)
1,975‌
1,917‌
Sotera
Health
Holdings
LLC
7.38%,
06/01/2031
(k)
2,740‌
2,883‌
Surgery
Center
Holdings
Inc
7.25%,
04/15/2032
(k)
6,545‌
6,590‌
Team
Health
Holdings
Inc
9.00%,
PIK
4.50%;
06/30/2028
(k),(m),(n)
508‌
537‌
Tenet
Healthcare
Corp
5.50%,
11/15/2032
(k)
1,000‌
1,010‌
UnitedHealth
Group
Inc
2.88%,
08/15/2029
100‌
96‌
3.05%,
05/15/2041
50‌
38‌
4.25%,
06/15/2048
881‌
717‌
4.75%,
05/15/2052
481‌
413‌
4.90%,
04/15/2031
474‌
485‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
46
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
UnitedHealth
Group
Inc
(continued)
4.95%,
05/15/2062
$
261‌
$
224‌
5.00%,
04/15/2034
100‌
101‌
5.05%,
04/15/2053
100‌
90‌
5.15%,
07/15/2034
100‌
102‌
5.20%,
04/15/2063
100‌
89‌
5.30%,
02/15/2030
100‌
104‌
5.63%,
07/15/2054
100‌
97‌
$
54,817‌
Home
Builders
-
0.01%
Lennar
Corp
5.20%,
07/30/2030
333‌
343‌
Home
Equity
Asset
Backed
Securities
-
0.06%
New
Century
Home
Equity
Loan
Trust
Series
2003-B
4.76%,
10/25/2033
107‌
107‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.09%
Structured
Asset
Securities
Corp
Mortgage
Loan
Trust
2007-BC2
4.09%,
03/25/2037
1,840‌
1,245‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.41%
$
1,352‌
Insurance
-
4.02%
Acrisure
LLC
/
Acrisure
Finance
Inc
7.50%,
11/06/2030
(k)
300‌
311‌
8.25%,
02/01/2029
(k)
3,850‌
3,992‌
AIA
Group
Ltd
4.95%,
04/04/2033
(j),(k)
200‌
205‌
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
6.50%,
10/01/2031
(k)
6,380‌
6,558‌
Allianz
Finance
II
BV
0.50%,
01/14/2031
EUR
100‌
107‌
Allianz
SE
4.25%,
07/05/2052
(l)
100‌
123‌
3
Month
Euro
Interbank
Offered
Rate
+
3.55%
Allstate
Corp/The
5.25%,
03/30/2033
$
100‌
103‌
American
International
Group
Inc
5.13%,
03/27/2033
100‌
102‌
American
National
Global
Funding
5.55%,
01/28/2030
(k)
50‌
51‌
AmFam
Holdings
Inc
2.81%,
03/11/2031
(k)
50‌
44‌
AmWINS
Group
Inc
4.88%,
06/30/2029
(k)
4,475‌
4,415‌
Amynta
Agency
Borrower
Inc
and
Amynta
Warranty
Borrower
Inc
7.50%,
07/15/2033
(k)
1,700‌
1,733‌
Aon
Corp
/
Aon
Global
Holdings
PLC
3.90%,
02/28/2052
100‌
75‌
Aon
North
America
Inc
5.30%,
03/01/2031
862‌
897‌
5.75%,
03/01/2054
79‌
79‌
Ardonagh
Finco
Ltd
7.75%,
02/15/2031
(k)
990‌
1,024‌
Ardonagh
Group
Finance
Ltd
8.88%,
02/15/2032
(k)
7,075‌
7,296‌
Arthur
J
Gallagher
&
Co
4.85%,
12/15/2029
50‌
51‌
5.15%,
02/15/2035
100‌
101‌
5.75%,
03/02/2053
417‌
409‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
ASR
Nederland
NV
3.38%,
05/02/2049
(l)
EUR
100‌
$
119‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
4.00%
Assurant
Inc
5.55%,
02/15/2036
$
636‌
645‌
Asurion
LLC
and
Asurion
Co-Issuer
Inc
8.38%,
02/01/2034
(k)
6,425‌
6,496‌
Athene
Global
Funding
5.32%,
11/13/2031
(k)
968‌
985‌
Athene
Holding
Ltd
3.45%,
05/15/2052
583‌
368‌
6.25%,
04/01/2054
100‌
97‌
Aviva
PLC
6.88%,
05/20/2058
(l)
GBP
50‌
73‌
SONIA
Interest
Rate
Benchmark
+
3.38%
AXA
SA
3.25%,
05/28/2049
(l)
EUR
100‌
119‌
3
Month
Euro
Interbank
Offered
Rate
+
3.20%
3.63%,
01/10/2033
100‌
122‌
Berkshire
Hathaway
Finance
Corp
2.38%,
06/19/2039
GBP
100‌
97‌
2.50%,
01/15/2051
$
150‌
89‌
2.88%,
03/15/2032
100‌
93‌
Brighthouse
Financial
Inc
4.70%,
06/22/2047
50‌
37‌
Brown
&
Brown
Inc
5.65%,
06/11/2034
100‌
103‌
Chubb
INA
Holdings
LLC
1.38%,
09/15/2030
100‌
88‌
4.65%,
08/15/2029
934‌
955‌
6.50%,
05/15/2038
100‌
113‌
Cloverie
PLC
for
Zurich
Insurance
Co
Ltd
1.50%,
12/15/2028
EUR
100‌
115‌
CNO
Global
Funding
4.38%,
09/08/2028
(k)
$
100‌
100‌
Corebridge
Financial
Inc
3.90%,
04/05/2032
100‌
95‌
6.38%,
09/15/2054
(l)
1,300‌
1,328‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
6.88%,
12/01/2030
(h),(l)
500‌
520‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.18%
Corebridge
Global
Funding
5.90%,
09/19/2028
(k)
100‌
104‌
Credit
Agricole
Assurances
SA
2.00%,
07/17/2030
EUR
100‌
112‌
Empower
Finance
2020
LP
1.36%,
09/17/2027
(k)
$
100‌
96‌
Equitable
Financial
Life
Global
Funding
5.00%,
03/27/2030
(k)
150‌
153‌
F&G
Global
Funding
4.65%,
09/08/2028
(k)
100‌
101‌
Fairfax
Financial
Holdings
Ltd
4.23%,
06/14/2029
CAD
100‌
75‌
6.00%,
12/07/2033
$
100‌
106‌
Farmers
Insurance
Exchange
4.75%,
11/01/2057
(k),(l)
50‌
42‌
3
Month
USD
LIBOR
+
3.23%
Generali
2.12%,
10/01/2030
EUR
150‌
171‌
Global
Atlantic
Fin
Co
4.40%,
10/15/2029
(k)
$
150‌
148‌
Great-West
Lifeco
Inc
2.38%,
05/14/2030
CAD
100‌
71‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
47
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Guardian
Life
Insurance
Co
of
America/The
4.88%,
06/19/2064
(k)
$
50‌
$
43‌
Howden
UK
Refinance
PLC
/
Howden
UK
Refinance
2
PLC
/
Howden
US
Refinance
LLC
7.25%,
02/15/2031
(k)
1,975‌
2,043‌
8.13%,
02/15/2032
(k)
2,225‌
2,267‌
HUB
International
Ltd
7.38%,
01/31/2032
(k)
810‌
849‌
Jackson
Financial
Inc
5.17%,
06/08/2027
100‌
101‌
Jackson
National
Life
Global
Funding
4.55%,
09/09/2030
(k)
50‌
50‌
Jones
Deslauriers
Insurance
Management
Inc
6.88%,
10/01/2033
(k)
4,330‌
4,221‌
La
Mondiale
SAM
4.80%,
01/18/2048
(l)
200‌
200‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
Legal
&
General
Group
PLC
4.50%,
11/01/2050
(l)
GBP
100‌
133‌
Generic
Britain
5
Year
Government
Bond
+
5.25%
Liberty
Mutual
Group
Inc
3.95%,
05/15/2060
(k)
$
100‌
70‌
4.30%,
02/01/2061
(k)
1,233‌
824‌
7.80%,
03/07/2087
(k)
2,000‌
2,293‌
3
Month
USD
LIBOR
+
3.58%
Lincoln
National
Corp
3.40%,
03/01/2032
100‌
93‌
M&G
PLC
5.63%,
10/20/2051
(l)
GBP
100‌
138‌
Generic
Britain
5
Year
Government
Bond
+
5.00%
Manulife
Financial
Corp
2.48%,
05/19/2027
$
100‌
98‌
3.98%,
05/23/2035
(l)
CAD
50‌
37‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.32%
4.99%,
12/11/2035
$
395‌
394‌
Mapfre
SA
3.13%,
01/20/2032
EUR
100‌
119‌
Markel
Group
Inc
6.00%,
05/16/2054
$
50‌
51‌
Marsh
&
McLennan
Cos
Inc
4.55%,
11/08/2027
498‌
503‌
5.40%,
09/15/2033
200‌
209‌
Massachusetts
Mutual
Life
Insurance
Co
5.67%,
12/01/2052
(k)
50‌
48‌
Meiji
Yasuda
Life
Insurance
Co
5.80%,
09/11/2054
(k),(l)
500‌
506‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.03%
6.10%,
06/11/2055
(k),(l)
1,500‌
1,544‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.91%
MetLife
Inc
5.25%,
01/15/2054
100‌
95‌
9.25%,
04/08/2068
(k)
3,575‌
4,288‌
3
Month
USD
LIBOR
+
5.54%
10.75%,
08/01/2069
1,214‌
1,619‌
3
Month
USD
LIBOR
+
7.55%
Metropolitan
Life
Global
Funding
I
3.63%,
03/26/2034
EUR
100‌
119‌
4.90%,
01/09/2030
(k)
$
150‌
153‌
5.40%,
09/12/2028
(k)
150‌
155‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
1.25%,
05/26/2041
(l)
EUR
100‌
$
107‌
3
Month
Euro
Interbank
Offered
Rate
+
2.55%
Nassau
Cos
of
New
York/The
7.88%,
07/15/2030
(k)
$
4,350‌
4,146‌
Nationwide
Mutual
Insurance
Co
4.35%,
04/30/2050
(k)
100‌
78‌
New
York
Life
Global
Funding
0.13%,
07/23/2030
CHF
100‌
126‌
4.85%,
01/09/2028
(k)
$
341‌
347‌
New
York
Life
Insurance
Co
3.75%,
05/15/2050
(k)
100‌
74‌
Nippon
Life
Insurance
Co
4.11%,
01/23/2055
(l)
EUR
100‌
118‌
Euribor
Swap
Rate
5
Year
+
2.60%
5.95%,
04/16/2054
(k),(l)
$
1,000‌
1,036‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.59%
6.50%,
04/30/2055
(l)
1,500‌
1,605‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.19%
NLG
Global
Funding
4.35%,
09/15/2030
(k)
75‌
74‌
NN
Group
NV
4.63%,
01/13/2048
(l)
EUR
100‌
122‌
3
Month
Euro
Interbank
Offered
Rate
+
4.95%
Northwestern
Mutual
Global
Funding
4.35%,
09/15/2027
(k)
$
470‌
474‌
Northwestern
Mutual
Life
Insurance
Co/The
3.63%,
09/30/2059
(k)
50‌
35‌
6.17%,
05/29/2055
(k)
284‌
302‌
Pacific
Life
Insurance
Co
4.30%,
10/24/2067
(k),(l)
50‌
40‌
3
Month
USD
LIBOR
+
2.80%
5.95%,
09/15/2055
(k)
610‌
616‌
Panther
Escrow
Issuer
LLC
7.13%,
06/01/2031
(k)
2,575‌
2,652‌
Pension
Insurance
Corp
PLC
4.63%,
05/07/2031
GBP
100‌
132‌
Pricoa
Global
Funding
I
4.65%,
08/27/2031
(k)
$
439‌
444‌
Progressive
Corp/The
3.20%,
03/26/2030
100‌
97‌
Protective
Life
Corp
4.70%,
01/15/2031
(k)
50‌
50‌
Prudential
Financial
Inc
3.70%,
10/01/2050
(l)
100‌
93‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
3.94%,
12/07/2049
150‌
116‌
5.70%,
09/15/2048
(l)
212‌
215‌
3
Month
USD
LIBOR
+
2.67%
6.50%,
03/15/2054
(l)
500‌
526‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.40%
Prudential
Funding
Asia
PLC
3.13%,
04/14/2030
100‌
96‌
Reinsurance
Group
of
America
Inc
3.15%,
06/15/2030
100‌
95‌
5.75%,
09/15/2034
50‌
52‌
6.65%,
09/15/2055
(l)
1,900‌
1,961‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.39%
Sammons
Financial
Group
Inc
6.88%,
04/15/2034
(k)
100‌
109‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
48
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
SBL
Holdings
Inc
5.90%,
09/26/2028
(k)
$
75‌
$
75‌
Sun
Life
Financial
Inc
4.14%,
09/13/2037
(l)
CAD
50‌
37‌
Canadian
Overnight
Repo
Rate
Average
Compounded
Index
+
1.42%
4.78%,
08/10/2034
(l)
100‌
77‌
Canadian
Overnight
Repo
Rate
Average
+
1.96%
Swiss
Life
Finance
I
AG
3.25%,
08/31/2029
EUR
100‌
120‌
Swiss
Re
Finance
Luxembourg
SA
5.00%,
04/02/2049
(k),(l)
$
200‌
201‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
Swiss
RE
Subordinated
Finance
PLC
5.70%,
04/05/2035
(k),(l)
1,800‌
1,865‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
6.19%,
04/01/2046
(k),(l)
200‌
208‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.13%
Teachers
Insurance
&
Annuity
Association
of
America
4.27%,
05/15/2047
(k)
100‌
82‌
Travelers
Cos
Inc/The
5.35%,
11/01/2040
100‌
101‌
Unum
Group
5.25%,
12/15/2035
356‌
353‌
5.75%,
08/15/2042
50‌
50‌
Willis
North
America
Inc
4.50%,
09/15/2028
100‌
101‌
4.55%,
03/15/2031
491‌
491‌
4.65%,
06/15/2027
897‌
904‌
Zurich
Finance
Ireland
Designated
Activity
Co
3.00%,
04/19/2051
(l)
7,000‌
6,369‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.78%
$
91,847‌
Internet
-
0.51%
Alibaba
Group
Holding
Ltd
2.70%,
02/09/2041
200‌
148‌
Alphabet
Inc
2.05%,
08/15/2050
100‌
54‌
3.00%,
05/06/2033
EUR
100‌
117‌
4.00%,
11/06/2044
100‌
116‌
4.10%,
11/15/2030
$
50‌
50‌
5.25%,
05/15/2055
69‌
66‌
5.30%,
05/15/2065
408‌
381‌
5.35%,
11/15/2045
414‌
408‌
5.45%,
11/15/2055
50‌
49‌
5.70%,
11/15/2075
412‌
404‌
Amazon.com
Inc
2.10%,
05/12/2031
50‌
45‌
3.15%,
08/22/2027
200‌
199‌
3.88%,
08/22/2037
175‌
159‌
3.90%,
11/20/2028
1,168‌
1,172‌
3.95%,
04/13/2052
100‌
78‌
4.05%,
08/22/2047
345‌
282‌
4.10%,
11/20/2030
776‌
776‌
4.10%,
04/13/2062
50‌
38‌
4.65%,
11/20/2035
50‌
50‌
5.55%,
11/20/2065
1,300‌
1,262‌
Booking
Holdings
Inc
4.13%,
05/09/2038
EUR
100‌
119‌
4.50%,
11/15/2031
100‌
126‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Cablevision
Lightpath
LLC
3.88%,
09/15/2027
(k)
$
400‌
$
398‌
5.63%,
09/15/2028
(k)
1,075‌
1,075‌
eBay
Inc
2.70%,
03/11/2030
200‌
188‌
Meta
Platforms
Inc
4.20%,
11/15/2030
50‌
50‌
4.60%,
05/15/2028
50‌
51‌
4.75%,
08/15/2034
100‌
100‌
5.50%,
11/15/2045
465‌
447‌
5.55%,
08/15/2064
376‌
345‌
5.60%,
05/15/2053
100‌
95‌
5.63%,
11/15/2055
876‌
834‌
5.75%,
11/15/2065
50‌
47‌
Netflix
Inc
3.63%,
06/15/2030
EUR
100‌
122‌
Prosus
NV
2.03%,
08/03/2032
100‌
107‌
3.68%,
01/21/2030
$
200‌
193‌
Tencent
Holdings
Ltd
3.93%,
01/19/2038
200‌
185‌
Uber
Technologies
Inc
4.80%,
09/15/2034
100‌
99‌
4.80%,
09/15/2035
248‌
245‌
Wayfair
LLC
6.75%,
11/15/2032
(k)
1,040‌
1,075‌
$
11,755‌
Investment
Companies
-
0.39%
Apollo
Debt
Solutions
BDC
6.70%,
07/29/2031
50‌
52‌
Ares
Capital
Corp
5.25%,
04/12/2031
100‌
99‌
Ares
Strategic
Income
Fund
5.45%,
09/09/2028
(k)
50‌
50‌
5.55%,
04/15/2031
(k)
50‌
49‌
Blackstone
Private
Credit
Fund
5.35%,
03/12/2031
100‌
98‌
Blue
Owl
Credit
Income
Corp
6.65%,
03/15/2031
50‌
51‌
Blue
Owl
Technology
Finance
Corp
6.75%,
04/04/2029
(j)
100‌
103‌
FS
KKR
Capital
Corp
6.13%,
01/15/2031
50‌
48‌
Groupe
Bruxelles
Lambert
NV
0.13%,
01/28/2031
EUR
100‌
103‌
HA
Sustainable
Infrastructure
Capital
Inc
6.38%,
07/01/2034
$
50‌
51‌
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.75%,
09/15/2030
(k)
2,675‌
2,495‌
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.38%,
02/01/2029
2,275‌
2,008‌
9.00%,
06/15/2030
2,410‌
2,352‌
9.75%,
01/15/2029
1,325‌
1,333‌
JAB
Holdings
BV
4.75%,
06/29/2032
EUR
100‌
127‌
$
9,019‌
Iron
&
Steel
-
1.77%
ArcelorMittal
SA
6.80%,
11/29/2032
(j)
$
100‌
112‌
Baffinland
Iron
Mines
Corp
/
Baffinland
Iron
Mines
LP
8.75%,
07/15/2026
(k)
13,822‌
12,032‌
Nucor
Corp
3.13%,
04/01/2032
100‌
93‌
4.30%,
05/23/2027
518‌
522‌
Samarco
Mineracao
SA
4.00%,
PIK
5.00%;
06/30/2031
(m),(n)
1,664‌
1,670‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
49
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Iron
&
Steel
(continued)
Samarco
Mineracao
SA
Escrow
Shares
0.00%,
10/24/2023
(d),(e)
$
550‌
$
—‌
Specialty
Steel
12.00%,
11/15/2033
(e),(g)
38,772‌
25,190‌
Steel
Dynamics
Inc
4.00%,
12/15/2028
434‌
434‌
5.38%,
08/15/2034
314‌
322‌
Vale
Overseas
Ltd
6.13%,
06/12/2033
100‌
107‌
$
40,482‌
Leisure
Products
&
Services
-
0.11%
Brunswick
Corp/DE
4.40%,
09/15/2032
100‌
96‌
NCL
Corp
Ltd
6.25%,
09/15/2033
(k)
2,275‌
2,288‌
Royal
Caribbean
Cruises
Ltd
6.00%,
02/01/2033
(k)
100‌
103‌
$
2,487‌
Lodging
-
0.47%
Boyd
Gaming
Corp
4.75%,
06/15/2031
(k)
2,200‌
2,143‌
Hilton
Grand
Vacations
Borrower
LLC
/
Hilton
Grand
Vacations
Borrower
Inc
6.63%,
01/15/2032
(k)
800‌
818‌
Hyatt
Hotels
Corp
5.75%,
01/30/2027
100‌
101‌
InterContinental
Hotels
Group
PLC
3.38%,
10/08/2028
GBP
100‌
133‌
Marriott
International
Inc/MD
2.85%,
04/15/2031
$
813‌
754‌
3.50%,
10/15/2032
673‌
628‌
4.50%,
10/15/2031
50‌
50‌
5.50%,
04/15/2037
272‌
278‌
Sands
China
Ltd
5.40%,
08/08/2028
200‌
204‌
Station
Casinos
LLC
4.63%,
12/01/2031
(j),(k)
5,775‌
5,544‌
$
10,653‌
Machinery
-
Construction
&
Mining
-
0.10%
Caterpillar
Financial
Services
Corp
3.95%,
11/14/2028
1,088‌
1,092‌
4.10%,
08/15/2028
559‌
563‌
4.40%,
03/03/2028
418‌
423‌
Caterpillar
Inc
3.80%,
08/15/2042
200‌
168‌
$
2,246‌
Machinery
-
Diversified
-
0.69%
AGCO
Corp
5.45%,
03/21/2027
682‌
691‌
CNH
Industrial
Capital
LLC
4.50%,
10/16/2030
578‌
578‌
CompoSecure
Holdings
LLC
5.63%,
02/01/2033
(k)
1,925‌
1,919‌
Deere
&
Co
3.75%,
04/15/2050
100‌
78‌
5.45%,
01/16/2035
422‌
444‌
Deere
Funding
Canada
Corp
4.15%,
10/09/2030
491‌
490‌
Ingersoll
Rand
Inc
5.70%,
08/14/2033
100‌
106‌
John
Deere
Capital
Corp
1.70%,
01/11/2027
100‌
98‌
3.45%,
03/07/2029
100‌
99‌
4.40%,
09/08/2031
666‌
672‌
4.90%,
03/07/2031
427‌
440‌
5.05%,
06/12/2034
100‌
103‌
5.15%,
09/08/2026
100‌
101‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Machinery
-
Diversified
(continued)
Lsf12
Helix
Parent
LLC
7.13%,
02/01/2033
(i),(k)
$
1,570‌
$
1,575‌
nVent
Finance
Sarl
2.75%,
11/15/2031
429‌
385‌
4.55%,
04/15/2028
150‌
151‌
Otis
Worldwide
Corp
3.36%,
02/15/2050
50‌
35‌
5.13%,
09/04/2035
331‌
336‌
SPX
FLOW
Inc
8.75%,
04/01/2030
(k)
7,061‌
7,255‌
Westinghouse
Air
Brake
Technologies
Corp
4.70%,
09/15/2028
50‌
51‌
Xylem
Inc/NY
2.25%,
01/30/2031
100‌
90‌
$
15,697‌
Manufactured
Housing
Asset
Backed
Securities
-
0.05%
BCMSC
Trust
2000-A
3.95%,
06/15/2030
7,432‌
217‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.27%
Greenpoint
Manufactured
Housing
9.23%,
12/15/2029
(m)
1,029‌
1,031‌
$
1,248‌
Media
-
1.58%
Bertelsmann
SE
&
Co
KGaA
2.00%,
04/01/2028
EUR
100‌
117‌
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.25%,
02/01/2031
(k)
$
1,750‌
1,602‌
4.25%,
01/15/2034
(j),(k)
5,630‌
4,756‌
4.50%,
05/01/2032
2,135‌
1,916‌
4.50%,
06/01/2033
(k)
2,550‌
2,231‌
4.75%,
03/01/2030
(k)
750‌
716‌
5.38%,
06/01/2029
(k)
1,400‌
1,384‌
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
3.50%,
06/01/2041
678‌
485‌
3.85%,
04/01/2061
927‌
558‌
4.80%,
03/01/2050
1,191‌
903‌
5.38%,
05/01/2047
50‌
41‌
6.38%,
10/23/2035
200‌
207‌
6.48%,
10/23/2045
100‌
94‌
6.70%,
12/01/2055
297‌
287‌
Comcast
Corp
1.50%,
02/20/2029
GBP
100‌
126‌
1.50%,
02/15/2031
$
200‌
175‌
2.65%,
02/01/2030
25‌
24‌
2.94%,
11/01/2056
151‌
85‌
2.99%,
11/01/2063
200‌
108‌
3.97%,
11/01/2047
100‌
75‌
4.00%,
11/01/2049
100‌
74‌
4.60%,
10/15/2038
727‌
672‌
5.17%,
01/15/2037
(k)
609‌
599‌
5.50%,
05/15/2064
378‌
339‌
6.05%,
05/15/2055
50‌
50‌
Cox
Communications
Inc
3.50%,
08/15/2027
(k)
100‌
99‌
3.60%,
06/15/2051
(k)
100‌
62‌
5.45%,
09/01/2034
(k)
561‌
550‌
5.95%,
09/01/2054
(k)
419‌
368‌
CSC
Holdings
LLC
4.13%,
12/01/2030
(k)
1,325‌
803‌
4.50%,
11/15/2031
(k)
900‌
546‌
6.50%,
02/01/2029
(k)
300‌
192‌
7.50%,
04/01/2028
(k)
1,000‌
598‌
DISH
Network
Corp
11.75%,
11/15/2027
(k)
3,450‌
3,571‌
Fox
Corp
5.58%,
01/25/2049
526‌
504‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
50
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Fox
Corp
(continued)
6.50%,
10/13/2033
$
100‌
$
110‌
McGraw-Hill
Education
Inc
8.00%,
08/01/2029
(k)
3,880‌
3,915‌
Paramount
Global
4.20%,
05/19/2032
50‌
45‌
5.25%,
04/01/2044
441‌
321‌
5.85%,
09/01/2043
188‌
152‌
Sirius
XM
Radio
LLC
4.13%,
07/01/2030
(k)
1,475‌
1,391‌
Time
Warner
Cable
LLC
5.50%,
09/01/2041
100‌
88‌
6.55%,
05/01/2037
826‌
830‌
Videotron
Ltd
5.00%,
07/15/2034
CAD
100‌
77‌
Virgin
Media
Finance
PLC
5.00%,
07/15/2030
(k)
$
4,425‌
3,866‌
Walt
Disney
Co/The
2.65%,
01/13/2031
(j)
100‌
94‌
3.60%,
01/13/2051
50‌
37‌
4.75%,
09/15/2044
100‌
91‌
5.40%,
10/01/2043
100‌
100‌
$
36,034‌
Mining
-
0.97%
Anglo
American
Capital
PLC
4.75%,
09/21/2032
EUR
100‌
127‌
Arsenal
AIC
Parent
LLC
8.00%,
10/01/2030
(k)
$
1,700‌
1,800‌
11.50%,
10/01/2031
(k)
1,700‌
1,873‌
Barrick
PD
Australia
Finance
Pty
Ltd
5.95%,
10/15/2039
50‌
53‌
BHP
Billiton
Finance
Ltd
4.30%,
09/25/2042
GBP
100‌
115‌
BHP
Billiton
Finance
USA
Ltd
5.00%,
02/15/2036
$
50‌
51‌
5.75%,
09/05/2055
423‌
433‌
Constellium
SE
3.75%,
04/15/2029
(k)
1,325‌
1,283‌
6.38%,
08/15/2032
(k)
1,200‌
1,241‌
Freeport-McMoRan
Inc
5.45%,
03/15/2043
50‌
49‌
Glencore
Funding
LLC
3.88%,
04/27/2051
(k)
100‌
75‌
4.00%,
03/27/2027
(k)
100‌
100‌
Ivanhoe
Mines
Ltd
7.88%,
01/23/2030
(k)
2,775‌
2,891‌
7.88%,
01/23/2030
200‌
208‌
Newmont
Corp
2.60%,
07/15/2032
100‌
91‌
Northwest
Acquisitions
ULC
/
Dominion
Finco
Inc
0.00%,
11/01/2022
(d),(k)
19,888‌
—‌
Novelis
Corp
4.75%,
01/30/2030
(k)
2,939‌
2,849‌
6.38%,
08/15/2033
(k)
1,400‌
1,426‌
Rio
Tinto
Finance
USA
PLC
5.88%,
03/14/2065
100‌
102‌
South32
Treasury
Ltd
4.35%,
04/14/2032
(k)
923‌
900‌
Southern
Copper
Corp
6.75%,
04/16/2040
100‌
114‌
Vedanta
Resources
Finance
II
PLC
9.48%,
07/24/2030
(k)
1,725‌
1,820‌
10.88%,
09/17/2029
1,570‌
1,682‌
WE
Soda
Investments
Holding
PLC
9.50%,
10/06/2028
(k)
2,200‌
2,268‌
9.50%,
10/06/2028
600‌
618‌
$
22,169‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Miscellaneous
Manufacturers
-
0.08%
3M
Co
3.63%,
09/14/2028
$
100‌
$
99‌
3.63%,
10/15/2047
50‌
37‌
Eaton
Corp
4.15%,
11/02/2042
100‌
87‌
Illinois
Tool
Works
Inc
1.00%,
06/05/2031
EUR
100‌
107‌
Parker-Hannifin
Corp
4.10%,
03/01/2047
$
50‌
41‌
Siemens
Financieringsmaatschappij
NV
0.25%,
02/20/2029
EUR
100‌
111‌
3.00%,
09/08/2033
100‌
118‌
3.63%,
02/22/2044
100‌
112‌
Siemens
Funding
BV
4.90%,
05/28/2032
(k)
$
469‌
483‌
5.80%,
05/28/2055
(k)
290‌
302‌
5.90%,
05/28/2065
(k)
274‌
286‌
Teledyne
Technologies
Inc
2.75%,
04/01/2031
50‌
47‌
$
1,830‌
Mortgage
Backed
Securities
-
0.99%
Alternative
Loan
Trust
2005-30CB
4.54%,
08/25/2035
940‌
605‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.86%
Angel
Oak
Mortgage
Trust
2022-6
4.30%,
07/25/2067
(k),(m)
1,153‌
1,148‌
Angel
Oak
Mortgage
Trust
2025-5
5.57%,
04/25/2070
(k),(m)
720‌
729‌
Banc
of
America
Funding
2007-1
Trust
6.44%,
01/25/2037
(m)
836‌
782‌
Bear
Stearns
Mortgage
Funding
Trust
2006-AR1
4.21%,
07/25/2036
393‌
366‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.53%
Bear
Stearns
Mortgage
Funding
Trust
2007-AR1
3.95%,
01/25/2037
388‌
343‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.27%
Bravo
Mortgage
Asset
Trust
4.39%,
07/25/2036
(k)
270‌
246‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.71%
COLT
2021-RPL1
Trust
1.67%,
09/25/2061
(k),(m)
281‌
260‌
CSMC
2021-RPL2Trust
1.11%,
01/25/2060
(k),(m)
295‌
252‌
Deutsche
Alt-A
Securities
Mortgage
Loan
Trust
Series
2006-AF1
4.39%,
04/25/2036
2,535‌
2,413‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.71%
Deutsche
Alt-A
Securities
Mortgage
Loan
Trust
Series
2007-AR2
4.09%,
03/25/2037
635‌
608‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.41%
Fannie
Mae
REMICS
2.19%,
05/25/2046
(p)
6,642‌
694‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
2.19%,
09/25/2046
(p)
1,733‌
187‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
2.19%,
01/25/2047
(p)
2,962‌
321‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
51
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Fannie
Mae
REMICS
(continued)
2.19%,
12/25/2049
(p)
$
3,970‌
$
444‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
2.19%,
05/25/2050
(p)
2,529‌
286‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
2.24%,
08/25/2049
(p)
2,825‌
313‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.24%,
11/25/2049
(p)
4,040‌
444‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.26%,
06/25/2050
(p)
2,028‌
236‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.96%
2.39%,
03/25/2048
(p)
1,689‌
203‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
2.39%,
06/25/2048
(p)
1,866‌
224‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
2.89%,
12/25/2042
(p)
1,537‌
208‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.59%
First
Horizon
Alternative
Mortgage
Securities
Trust
2006-FA8
6.25%,
02/25/2037
3,035‌
1,091‌
Freddie
Mac
REMICS
2.24%,
10/25/2049
(p)
3,057‌
354‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.83%,
05/15/2042
(p)
3,183‌
341‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.54%
2.83%,
08/15/2043
(p)
3,350‌
414‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.54%
Ginnie
Mae
2.26%,
04/20/2046
(p)
7,173‌
820‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
2.31%,
11/20/2046
(p)
4,415‌
537‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
2.50%,
11/20/2050
(p)
6,519‌
932‌
2.50%,
12/20/2050
(p)
2,517‌
402‌
2.51%,
08/20/2051
(p)
2,809‌
383‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.55%,
09/20/2050
(p)
1,859‌
271‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.25%
2.65%,
04/20/2051
(p)
1,583‌
224‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.35%
3.00%,
11/20/2050
(p)
2,116‌
362‌
3.00%,
12/20/2050
(p)
2,215‌
378‌
OBX
2025-NQM8
Trust
5.47%,
03/25/2065
(k),(m)
604‌
611‌
RALI
Series
2005-QS17
Trust
6.00%,
12/25/2035
822‌
717‌
6.00%,
12/25/2035
564‌
492‌
RALI
Series
2006-QS12
Trust
4.44%,
09/25/2036
2,385‌
1,792‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.76%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Structured
Asset
Mortgage
Investments
II
Trust
2007-AR1
4.11%,
01/25/2037
$
245‌
$
222‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.43%
Washington
Mutual
Mortgage
Pass-Through
Certificates
WMALT
Series
2006-5
Trust
6.00%,
07/25/2036
1,490‌
1,066‌
$
22,721‌
Oil
&
Gas
-
3.21%
Aker
BP
ASA
3.75%,
01/15/2030
(k)
200‌
194‌
APA
Corp
5.35%,
07/01/2049
1,844‌
1,560‌
6.10%,
02/15/2035
50‌
52‌
Azule
Energy
Finance
Plc
8.13%,
01/23/2030
(k)
1,825‌
1,846‌
8.25%,
01/22/2031
(k)
1,475‌
1,479‌
BP
Capital
Markets
America
Inc
3.00%,
02/24/2050
100‌
65‌
3.54%,
04/06/2027
1,344‌
1,340‌
4.89%,
09/11/2033
100‌
101‌
BP
Capital
Markets
PLC
1.10%,
11/15/2034
EUR
100‌
97‌
3.63%,
03/22/2029
(h),(l)
100‌
119‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.78%
4.88%,
03/22/2030
(h),(l)
$
1,000‌
993‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.40%
Canadian
Natural
Resources
Ltd
2.95%,
07/15/2030
100‌
94‌
5.40%,
12/15/2034
50‌
51‌
Cenovus
Energy
Inc
4.25%,
03/20/2033
CAD
50‌
37‌
Chevron
Corp
2.24%,
05/11/2030
$
977‌
907‌
Comstock
Resources
Inc
5.88%,
01/15/2030
(k)
3,475‌
3,391‌
6.75%,
03/01/2029
(k)
1,525‌
1,535‌
ConocoPhillips
Co
5.05%,
09/15/2033
100‌
103‌
5.70%,
09/15/2063
75‌
73‌
Continental
Resources
Inc/OK
2.88%,
04/01/2032
(k)
100‌
88‌
Coterra
Energy
Inc
5.90%,
02/15/2055
924‌
899‌
DBR
Land
Holdings
LLC
6.25%,
12/01/2030
(k)
1,050‌
1,076‌
DCC
Group
Finance
Ireland
DAC
4.38%,
06/27/2031
EUR
100‌
122‌
Devon
Energy
Corp
7.95%,
04/15/2032
$
100‌
116‌
Diamondback
Energy
Inc
4.40%,
03/24/2051
463‌
375‌
5.75%,
04/18/2054
50‌
48‌
6.25%,
03/15/2053
749‌
766‌
Energean
Israel
Finance
Ltd
5.88%,
03/30/2031
(j),(k)
2,000‌
1,943‌
8.50%,
09/30/2033
(j),(k)
2,000‌
2,143‌
Energean
PLC
5.63%,
05/12/2031
(k)
EUR
900‌
1,071‌
Eni
SpA
0.63%,
01/23/2030
100‌
109‌
4.25%,
05/09/2029
(k)
$
200‌
201‌
4.25%,
05/19/2033
EUR
100‌
125‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
52
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
EOG
Resources
Inc
4.40%,
01/15/2031
$
709‌
$
710‌
5.95%,
07/15/2055
50‌
51‌
EQT
Corp
3.63%,
05/15/2031
(k)
100‌
95‌
Expand
Energy
Corp
4.75%,
02/01/2032
689‌
683‌
Exxon
Mobil
Corp
0.84%,
06/26/2032
EUR
100‌
103‌
4.23%,
03/19/2040
$
50‌
46‌
Helmerich
&
Payne
Inc
4.85%,
12/01/2029
(j)
100‌
101‌
HF
Sinclair
Corp
5.00%,
02/01/2028
442‌
442‌
5.50%,
09/01/2032
50‌
51‌
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
6.25%,
04/15/2032
(k)
1,900‌
1,822‌
8.38%,
11/01/2033
(k)
200‌
208‌
Kosmos
Energy
Ltd
7.50%,
03/01/2028
(j)
2,075‌
1,568‌
Leviathan
Bond
Ltd
6.50%,
06/30/2027
(k)
3,075‌
3,103‌
6.75%,
06/30/2030
(j),(k)
2,075‌
2,127‌
Marathon
Petroleum
Corp
5.15%,
03/01/2030
100‌
103‌
Matador
Resources
Co
6.25%,
04/15/2033
(k)
3,400‌
3,427‌
North
West
Redwater
Partnership
/
NWR
Financing
Co
Ltd
4.35%,
01/10/2039
CAD
100‌
72‌
Occidental
Petroleum
Corp
4.40%,
04/15/2046
$
932‌
741‌
6.05%,
10/01/2054
50‌
48‌
6.13%,
01/01/2031
619‌
655‌
6.45%,
09/15/2036
832‌
887‌
OMV
AG
3.13%,
11/10/2033
EUR
50‌
58‌
Ovintiv
Inc
7.10%,
07/15/2053
$
50‌
54‌
Petroleos
de
Venezuela
SA
0.00%,
05/16/2024
(d)
13,052‌
3,955‌
Petroleos
Mexicanos
6.50%,
01/23/2029
3,025‌
3,083‌
6.84%,
01/23/2030
1,535‌
1,574‌
Phillips
66
Co
3.75%,
03/01/2028
100‌
99‌
5.50%,
03/15/2055
100‌
92‌
Puma
International
Financing
SA
7.75%,
04/25/2029
(k)
1,975‌
2,046‌
Reliance
Industries
Ltd
2.88%,
01/12/2032
250‌
227‌
Repsol
International
Finance
BV
0.25%,
08/02/2027
EUR
100‌
115‌
Santos
Finance
Ltd
5.75%,
11/13/2035
(k)
$
327‌
328‌
Shell
Finance
US
Inc
3.00%,
11/26/2051
(k)
75‌
49‌
4.13%,
11/06/2030
425‌
424‌
4.38%,
05/11/2045
100‌
86‌
Shell
International
Finance
BV
1.25%,
11/11/2032
EUR
100‌
105‌
SM
Energy
Co
7.00%,
08/01/2032
(k)
$
1,850‌
1,855‌
Sonangol
Finance
Ltd
10.00%,
01/29/2031
(j),(k)
2,950‌
2,915‌
Suncor
Energy
Inc
3.75%,
03/04/2051
100‌
71‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Sunoco
LP
5.88%,
03/15/2034
(k)
$
4,650‌
$
4,662‌
TotalEnergies
Capital
International
SA
1.62%,
05/18/2040
EUR
100‌
87‌
2.99%,
06/29/2041
$
100‌
75‌
3.39%,
06/29/2060
50‌
33‌
TotalEnergies
Capital
SA
5.43%,
09/10/2064
614‌
578‌
TotalEnergies
Capital
USA
LLC
4.25%,
01/13/2031
474‌
474‌
TotalEnergies
SE
1.63%,
10/25/2027
(h),(l)
EUR
100‌
115‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.99%
2.13%,
07/25/2032
(h),(l)
100‌
106‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.51%
Transocean
International
Ltd
6.80%,
03/15/2038
$
900‌
809‌
7.50%,
04/15/2031
1,725‌
1,700‌
Uzbekneftegaz
JSC
8.75%,
05/07/2030
(k)
1,325‌
1,433‌
8.75%,
05/07/2030
400‌
433‌
Valero
Energy
Corp
3.65%,
12/01/2051
100‌
69‌
Wildfire
Intermediate
Holdings
LLC
7.50%,
10/15/2029
(k)
4,200‌
4,258‌
Wintershall
Dea
Finance
BV
1.33%,
09/25/2028
EUR
100‌
113‌
Woodside
Finance
Ltd
4.50%,
03/04/2029
(k)
$
50‌
50‌
5.40%,
05/19/2030
1,059‌
1,090‌
$
73,383‌
Oil
&
Gas
Services
-
0.16%
Baker
Hughes
Holdings
LLC
/
Baker
Hughes
Co-
Obligor
Inc
3.14%,
11/07/2029
100‌
97‌
Halliburton
Co
4.85%,
11/15/2035
200‌
197‌
Schlumberger
Holdings
Corp
3.90%,
05/17/2028
(k)
100‌
100‌
Yinson
Production
Financial
Services
Pte
Ltd
9.63%,
05/03/2029
(k)
3,125‌
3,285‌
$
3,679‌
Other
Asset
Backed
Securities
-
0.42%
ARES
LII
CLO
Ltd
4.55%,
04/22/2031
(k)
118‌
118‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.88%
Bain
Capital
Credit
CLO
2019-2
4.59%,
10/17/2032
(k)
169‌
169‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.92%
Battalion
Clo
XV
Ltd
4.65%,
01/17/2033
(k)
373‌
373‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.98%
Black
Diamond
CLO
2016-1
Ltd
4.96%,
04/26/2031
(k)
89‌
88‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.29%
Canyon
Capital
CLO
2016-1
Ltd
5.00%,
07/15/2031
(k)
850‌
850‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.33%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
53
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
Dryden
40
Senior
Loan
Fund
5.00%,
08/15/2031
(k)
$
948‌
$
948‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.15%
Dryden
64
CLO
Ltd
4.90%,
04/18/2031
(k)
290‌
290‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.23%
Dryden
72
CLO
Ltd
4.95%,
05/15/2032
(k)
305‌
305‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.10%
Invitation
Homes
2024-SFR1
Trust
4.00%,
09/17/2041
(k)
1,496‌
1,472‌
LCM
30
Ltd
5.01%,
04/20/2031
(k)
456‌
457‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.34%
Mountain
View
CLO
2016-1
LLC
4.93%,
04/14/2033
(k)
389‌
390‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
Rockford
Tower
CLO
2019-2
Ltd
5.02%,
08/20/2032
(k)
480‌
481‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.13%
Romark
CLO
II
Ltd
4.81%,
07/25/2031
(k)
172‌
172‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.14%
Tricon
American
Homes
2020-SFR1
1.50%,
07/17/2038
(k)
1,485‌
1,466‌
Tricon
American
Homes
2020-SFR2
Trust
1.48%,
11/17/2039
(k)
388‌
370‌
Trinitas
CLO
XII
Ltd
4.72%,
04/25/2033
(k)
120‌
120‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.05%
Voya
CLO
2019-2
Ltd
4.87%,
07/20/2032
(k)
78‌
79‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.20%
Voya
CLO
2025-1
Ltd
4.57%,
04/20/2038
(k)
150‌
150‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.90%
Zais
Clo
13
Ltd
4.97%,
07/15/2032
(k)
581‌
581‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.30%
Zais
Clo
16
Ltd
4.80%,
10/20/2034
(k)
782‌
781‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.13%
$
9,660‌
Packaging
&
Containers
-
0.66%
Amcor
Flexibles
North
America
Inc
2.69%,
05/25/2031
825‌
754‌
5.50%,
03/17/2035
100‌
103‌
AptarGroup
Inc
4.75%,
03/30/2031
735‌
740‌
Ardagh
Metal
Packaging
Finance
USA
LLC
/
Ardagh
Metal
Packaging
Finance
PLC
4.00%,
09/01/2029
(k)
3,975‌
3,776‌
6.25%,
01/30/2031
(k)
950‌
976‌
Packaging
Corp
of
America
3.40%,
12/15/2027
100‌
99‌
5.70%,
12/01/2033
693‌
730‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
(continued)
Sealed
Air
Corp/Sealed
Air
Corp
US
7.25%,
02/15/2031
(k)
$
2,750‌
$
2,864‌
Sonoco
Products
Co
4.60%,
09/01/2029
567‌
572‌
5.00%,
09/01/2034
691‌
686‌
Toucan
FinCo
Ltd/Toucan
FinCo
Can
Inc/Toucan
FinCo
US
LLC
9.50%,
05/15/2030
(k)
3,620‌
3,494‌
Verallia
SA
3.50%,
11/14/2029
EUR
100‌
119‌
WRKCo
Inc
3.00%,
06/15/2033
$
100‌
89‌
$
15,002‌
Pharmaceuticals
-
1.14%
AbbVie
Inc
4.05%,
11/21/2039
1,340‌
1,193‌
4.25%,
11/14/2028
100‌
101‌
4.25%,
11/21/2049
751‌
618‌
4.88%,
11/14/2048
100‌
91‌
4.95%,
03/15/2031
518‌
535‌
5.05%,
03/15/2034
50‌
51‌
5.50%,
03/15/2064
50‌
48‌
Astrazeneca
Finance
LLC
4.85%,
02/26/2029
812‌
833‌
4.88%,
03/03/2028
675‌
689‌
4.90%,
03/03/2030
738‌
760‌
AstraZeneca
PLC
1.38%,
08/06/2030
200‌
178‌
3.00%,
05/28/2051
100‌
67‌
Bayer
AG
4.63%,
05/26/2033
EUR
100‌
127‌
Bayer
US
Finance
II
LLC
3.95%,
04/15/2045
(k)
$
100‌
75‌
Becton
Dickinson
&
Co
3.79%,
05/20/2050
100‌
75‌
3.83%,
06/07/2032
EUR
100‌
122‌
4.30%,
08/22/2032
$
246‌
242‌
4.69%,
02/13/2028
700‌
709‌
Bristol-Myers
Squibb
Co
1.75%,
05/15/2035
EUR
100‌
102‌
3.25%,
08/01/2042
$
248‌
190‌
3.70%,
03/15/2052
100‌
73‌
3.90%,
02/20/2028
(j)
28‌
28‌
3.90%,
03/15/2062
100‌
72‌
4.13%,
06/15/2039
100‌
90‌
5.75%,
02/01/2031
787‌
841‌
Cardinal
Health
Inc
4.50%,
09/15/2030
342‌
345‌
4.60%,
03/15/2043
1,530‌
1,345‌
4.90%,
09/15/2045
100‌
90‌
5.75%,
11/15/2054
273‌
272‌
Cencora
Inc
2.70%,
03/15/2031
100‌
92‌
4.30%,
12/15/2047
418‌
351‌
5.13%,
02/15/2034
578‌
592‌
CVS
Health
Corp
4.78%,
03/25/2038
100‌
94‌
5.00%,
01/30/2029
100‌
102‌
5.05%,
03/25/2048
100‌
88‌
5.13%,
07/20/2045
1,862‌
1,673‌
5.55%,
06/01/2031
497‌
520‌
6.05%,
06/01/2054
100‌
99‌
Eli
Lilly
&
Co
0.63%,
11/01/2031
EUR
100‌
105‌
3.10%,
05/15/2027
$
234‌
233‌
3.38%,
03/15/2029
150‌
148‌
4.60%,
08/14/2034
452‌
452‌
4.70%,
02/27/2033
100‌
102‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
54
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Eli
Lilly
&
Co
(continued)
4.75%,
02/12/2030
$
456‌
$
468‌
4.88%,
02/27/2053
100‌
91‌
4.90%,
10/15/2035
100‌
101‌
5.65%,
10/15/2065
289‌
289‌
EMD
Finance
LLC
5.00%,
10/15/2035
(k)
601‌
599‌
GlaxoSmithKline
Capital
Inc
3.88%,
05/15/2028
100‌
100‌
4.50%,
04/15/2030
475‌
483‌
GlaxoSmithKline
Capital
PLC
1.63%,
05/12/2035
GBP
100‌
103‌
Grifols
SA
3.88%,
10/15/2028
(k)
EUR
1,125‌
1,319‌
4.75%,
10/15/2028
(k)
$
875‌
862‌
Johnson
&
Johnson
0.95%,
09/01/2027
100‌
96‌
1.65%,
05/20/2035
EUR
100‌
103‌
2.10%,
09/01/2040
$
250‌
176‌
McKesson
Corp
4.95%,
05/30/2032
861‌
885‌
Merck
&
Co
Inc
3.40%,
03/07/2029
200‌
197‌
4.50%,
05/17/2033
100‌
101‌
4.90%,
05/17/2044
100‌
94‌
5.00%,
05/17/2053
100‌
91‌
5.70%,
12/04/2065
293‌
289‌
Merck
Financial
Services
GmbH
0.88%,
07/05/2031
EUR
100‌
106‌
MSD
Netherlands
Capital
BV
3.70%,
05/30/2044
100‌
112‌
Novartis
Capital
Corp
2.20%,
08/14/2030
$
200‌
185‌
3.70%,
09/21/2042
100‌
83‌
4.00%,
09/18/2031
(j)
443‌
441‌
Novo
Nordisk
Finance
Netherlands
BV
1.38%,
03/31/2030
EUR
100‌
113‌
3.00%,
02/20/2032
100‌
118‌
Pfizer
Inc
3.45%,
03/15/2029
$
100‌
99‌
3.88%,
11/15/2027
556‌
558‌
3.90%,
03/15/2039
200‌
177‌
Pfizer
Investment
Enterprises
Pte
Ltd
4.75%,
05/19/2033
644‌
651‌
5.11%,
05/19/2043
764‌
734‌
5.30%,
05/19/2053
656‌
622‌
5.34%,
05/19/2063
428‌
398‌
Sanofi
SA
1.25%,
04/06/2029
EUR
100‌
114‌
Takeda
Pharmaceutical
Co
Ltd
1.00%,
07/09/2029
100‌
112‌
3.03%,
07/09/2040
$
200‌
153‌
Viatris
Inc
3.85%,
06/22/2040
100‌
77‌
Zoetis
Inc
4.15%,
08/17/2028
50‌
50‌
$
25,963‌
Pipelines
-
2.55%
Acu
Petroleo
Luxembourg
Sarl
7.50%,
07/13/2035
2,379‌
2,450‌
Blue
Racer
Midstream
LLC
/
Blue
Racer
Finance
Corp
7.25%,
07/15/2032
(k)
1,125‌
1,193‌
Boardwalk
Pipelines
LP
4.80%,
05/03/2029
100‌
101‌
Buckeye
Partners
LP
5.60%,
10/15/2044
225‌
204‌
5.85%,
11/15/2043
1,300‌
1,213‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Cheniere
Energy
Partners
LP
3.25%,
01/31/2032
$
100‌
$
92‌
4.00%,
03/01/2031
100‌
97‌
5.55%,
10/30/2035
(k)
386‌
395‌
CNX
Midstream
Partners
LP
4.75%,
04/15/2030
(k)
2,875‌
2,793‌
Coastal
Gaslink
Pipeline
LP
4.69%,
09/30/2029
CAD
100‌
77‌
5.19%,
09/30/2034
100‌
79‌
Columbia
Pipelines
Operating
Co
LLC
6.50%,
08/15/2043
(k)
$
100‌
106‌
CQP
Holdco
LP
/
BIP-V
Chinook
Holdco
LLC
5.50%,
06/15/2031
(k)
2,005‌
1,994‌
DCP
Midstream
Operating
LP
3.25%,
02/15/2032
100‌
92‌
Eastern
Energy
Gas
Holdings
LLC
5.80%,
01/15/2035
100‌
106‌
Enbridge
Energy
Partners
LP
7.38%,
10/15/2045
100‌
116‌
Enbridge
Inc
2.99%,
10/03/2029
CAD
100‌
73‌
4.60%,
06/20/2028
$
284‌
288‌
4.73%,
08/22/2034
CAD
100‌
75‌
5.36%,
05/26/2033
75‌
59‌
6.00%,
01/15/2077
(l)
$
400‌
403‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
6.25%,
03/01/2078
(l)
2,500‌
2,541‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.90%
7.38%,
03/15/2055
(l)
60‌
64‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.12%
8.50%,
01/15/2084
(l)
200‌
229‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.43%
Enbridge
Pipelines
Inc
3.52%,
02/22/2029
CAD
200‌
148‌
Energy
Transfer
LP
4.95%,
05/15/2028
$
220‌
224‌
5.15%,
02/01/2043
185‌
167‌
5.25%,
07/01/2029
100‌
103‌
5.35%,
01/15/2036
405‌
405‌
5.35%,
05/15/2045
730‌
664‌
5.40%,
10/01/2047
1,238‌
1,123‌
5.95%,
05/15/2054
100‌
95‌
6.10%,
02/15/2042
100‌
101‌
6.25%,
04/15/2049
25‌
25‌
6.75%,
02/15/2056
(l)
3,200‌
3,223‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.48%
Enterprise
Products
Operating
LLC
3.70%,
01/31/2051
279‌
206‌
4.60%,
01/15/2031
339‌
343‌
5.10%,
02/15/2045
100‌
94‌
5.20%,
01/15/2036
100‌
102‌
Flex
Intermediate
Holdco
LLC
3.36%,
06/30/2031
(k)
100‌
92‌
Galaxy
Pipeline
Assets
Bidco
Ltd
2.16%,
03/31/2034
140‌
126‌
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
8.00%,
05/15/2033
1,375‌
1,435‌
8.25%,
01/15/2029
475‌
495‌
8.88%,
04/15/2030
1,300‌
1,368‌
Gibson
Energy
Inc
4.45%,
08/20/2032
CAD
50‌
37‌
Golar
LNG
Ltd
7.50%,
10/02/2030
(k)
$
1,475‌
1,476‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
55
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Gray
Oak
Pipeline
LLC
3.45%,
10/15/2027
(k)
$
825‌
$
815‌
Greensaif
Pipelines
Bidco
Sarl
6.13%,
02/23/2038
200‌
211‌
Harvest
Midstream
I
LP
7.50%,
05/15/2032
(k)
1,175‌
1,227‌
Inter
Pipeline
Ltd/AB
3.98%,
11/25/2031
CAD
100‌
73‌
Keyera
Corp
4.57%,
10/15/2035
50‌
37‌
Kinder
Morgan
Energy
Partners
LP
5.00%,
08/15/2042
$
100‌
93‌
5.50%,
03/01/2044
439‌
424‌
Kinder
Morgan
Inc
5.85%,
06/01/2035
100‌
106‌
Midwest
Connector
Capital
Co
LLC
4.63%,
04/01/2029
(k)
150‌
150‌
MPLX
LP
4.70%,
04/15/2048
50‌
42‌
4.80%,
02/15/2031
813‌
822‌
4.90%,
04/15/2058
50‌
41‌
5.00%,
03/01/2033
100‌
100‌
ONEOK
Inc
4.75%,
10/15/2031
932‌
936‌
5.40%,
10/15/2035
100‌
101‌
5.80%,
11/01/2030
50‌
53‌
6.05%,
09/01/2033
100‌
106‌
6.63%,
09/01/2053
100‌
105‌
ONEOK
Partners
LP
6.65%,
10/01/2036
945‌
1,033‌
Pembina
Pipeline
Corp
4.75%,
03/26/2048
CAD
100‌
69‌
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
4.30%,
01/31/2043
$
368‌
305‌
4.90%,
02/15/2045
50‌
44‌
5.60%,
01/15/2036
281‌
285‌
Prairie
Acquiror
LP
9.00%,
08/01/2029
(k)
3,000‌
3,112‌
Sabine
Pass
Liquefaction
LLC
4.20%,
03/15/2028
100‌
100‌
5.90%,
09/15/2037
422‌
444‌
South
Bow
USA
Infrastructure
Holdings
LLC
5.58%,
10/01/2034
50‌
50‌
Tallgrass
Energy
Partners
LP
/
Tallgrass
Energy
Finance
Corp
6.00%,
09/01/2031
(k)
675‌
679‌
6.75%,
03/15/2034
(k)
1,475‌
1,501‌
Targa
Resources
Corp
4.20%,
02/01/2033
100‌
96‌
4.95%,
04/15/2052
100‌
85‌
5.40%,
07/30/2036
267‌
267‌
Tennessee
Gas
Pipeline
Co
LLC
2.90%,
03/01/2030
(k)
200‌
189‌
TransCanada
PipeLines
Ltd
5.00%,
10/16/2043
100‌
94‌
5.92%,
05/12/2052
CAD
100‌
81‌
Transcanada
Trust
5.60%,
03/07/2082
(l)
$
3,800‌
3,783‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.99%
Transcontinental
Gas
Pipe
Line
Co
LLC
5.10%,
03/15/2036
(k)
50‌
50‌
5.75%,
03/15/2056
(k)
337‌
335‌
Transportadora
de
Gas
del
Sur
SA
8.50%,
07/24/2031
425‌
449‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Venture
Global
LNG
Inc
7.00%,
01/15/2030
(j),(k)
$
550‌
$
553‌
8.38%,
06/01/2031
(k)
3,850‌
3,938‌
9.88%,
02/01/2032
(k)
2,615‌
2,765‌
Venture
Global
Plaquemines
LNG
LLC
6.75%,
01/15/2036
(k)
1,610‌
1,687‌
7.75%,
05/01/2035
(k)
1,650‌
1,840‌
Western
Midstream
Operating
LP
5.30%,
03/01/2048
262‌
229‌
5.50%,
12/15/2035
239‌
238‌
Williams
Cos
Inc/The
2.60%,
03/15/2031
100‌
91‌
5.30%,
08/15/2028
100‌
103‌
5.30%,
08/15/2052
100‌
92‌
5.65%,
03/15/2033
564‌
590‌
5.75%,
06/24/2044
463‌
461‌
5.95%,
03/15/2056
328‌
328‌
$
58,300‌
Private
Equity
-
0.02%
Blackstone
Reg
Finance
Co
LLC
5.00%,
12/06/2034
100‌
100‌
Brookfield
Finance
II
Inc
5.43%,
12/14/2032
CAD
100‌
79‌
Brookfield
Finance
Inc
5.97%,
03/04/2054
$
50‌
51‌
Brookfield
Finance
LLC
/
Brookfield
Finance
Inc
3.45%,
04/15/2050
50‌
35‌
Carlyle
Finance
Subsidiary
LLC
3.50%,
09/19/2029
(k)
100‌
97‌
ICG
PLC
1.63%,
02/17/2027
EUR
100‌
117‌
KKR
Group
Finance
Co
VIII
LLC
3.50%,
08/25/2050
(k)
$
50‌
35‌
$
514‌
Real
Estate
-
0.58%
Acef
Holding
SCA
1.25%,
04/26/2030
EUR
100‌
110‌
Akelius
Residential
Property
Financing
BV
1.00%,
01/17/2028
100‌
115‌
Aldar
Properties
PJSC
5.88%,
04/14/2056
(j),(k),(l)
$
3,175‌
3,138‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.02%
Alpha
Star
Holding
VII
Ltd
7.75%,
04/27/2026
2,725‌
2,736‌
Aster
Treasury
Plc
1.41%,
01/27/2036
GBP
100‌
95‌
Blend
Funding
PLC
3.46%,
09/21/2049
100‌
95‌
Castellum
Helsinki
Finance
Holding
Abp
0.88%,
09/17/2029
EUR
100‌
112‌
CBRE
Services
Inc
4.90%,
01/15/2033
$
406‌
407‌
Clarion
Funding
PLC
1.25%,
11/13/2032
GBP
100‌
109‌
CTP
NV
1.25%,
06/21/2029
EUR
100‌
112‌
Grand
City
Properties
SA
4.38%,
01/09/2030
100‌
123‌
Heimstaden
Bostad
Treasury
BV
1.38%,
07/24/2028
100‌
114‌
Hyde
Housing
Association
Ltd
1.75%,
08/18/2055
GBP
100‌
57‌
IWG
US
Finance
LLC
6.50%,
06/28/2030
EUR
100‌
130‌
LEG
Immobilien
SE
0.75%,
06/30/2031
100‌
103‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
56
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Real
Estate
(continued)
London
&
Quadrant
Housing
Trust
2.00%,
03/31/2032
GBP
100‌
$
115‌
Mobiliare
Latam
SA
/
Mobiliare
Latam
Mexico
SA
de
CV
6.75%,
11/10/2032
(k)
$
1,575‌
1,560‌
Notting
Hill
Genesis
2.88%,
01/31/2029
GBP
100‌
130‌
Ontario
Teachers'
Cadillac
Fairview
Properties
Trust
2.50%,
10/15/2031
(k)
$
830‌
746‌
Platform
HG
Financing
PLC
1.93%,
09/15/2041
GBP
100‌
84‌
Prologis
International
Funding
II
SA
2.38%,
11/14/2030
EUR
125‌
144‌
Sobha
Sukuk
Ltd
8.75%,
07/17/2028
$
2,550‌
2,671‌
Southern
Housing
3.50%,
10/19/2047
GBP
100‌
94‌
Vonovia
SE
0.38%,
06/16/2027
EUR
100‌
115‌
1.13%,
09/14/2034
100‌
95‌
5.27%,
09/03/2032
AUD
50‌
34‌
$
13,344‌
Regional
Authority
-
0.34%
Province
of
British
Columbia
Canada
4.20%,
07/06/2033
$
1,274‌
1,262‌
Province
of
Santa
Fe
8.10%,
12/11/2034
(k)
3,125‌
3,042‌
Provincia
de
Buenos
Aires/Government
Bonds
6.63%,
09/01/2037
(m)
2,526‌
2,040‌
Provincia
de
Cordoba
8.60%,
02/03/2035
(i),(k)
1,525‌
1,495‌
$
7,839‌
REITs
-
0.73%
Alexandria
Real
Estate
Equities
Inc
4.90%,
12/15/2030
100‌
102‌
5.25%,
05/15/2036
100‌
99‌
American
Homes
4
Rent
LP
4.25%,
02/15/2028
100‌
100‌
American
Tower
Corp
1.50%,
01/31/2028
200‌
190‌
2.30%,
09/15/2031
617‌
549‌
4.10%,
05/16/2034
EUR
100‌
121‌
4.70%,
12/15/2032
$
237‌
237‌
5.20%,
02/15/2029
1,040‌
1,070‌
AvalonBay
Communities
Inc
2.45%,
01/15/2031
100‌
91‌
Boston
Properties
LP
2.55%,
04/01/2032
150‌
131‌
Brixmor
Operating
Partnership
LP
4.05%,
07/01/2030
100‌
98‌
Choice
Properties
Real
Estate
Investment
Trust
4.18%,
03/08/2028
CAD
200‌
150‌
Covivio
SA/France
1.63%,
06/23/2030
EUR
100‌
112‌
Crown
Castle
Inc
2.25%,
01/15/2031
$
100‌
89‌
2.90%,
04/01/2041
50‌
36‌
5.00%,
01/11/2028
459‌
466‌
5.60%,
06/01/2029
398‌
413‌
Digital
Dutch
Finco
BV
1.25%,
02/01/2031
EUR
100‌
107‌
Emirates
Reit
Sukuk
III
Ltd
7.50%,
12/12/2028
(m)
$
675‌
686‌
Equinix
Canada
Financing
Ltd
4.00%,
11/15/2032
CAD
50‌
36‌
Equinix
Inc
3.90%,
04/15/2032
$
100‌
96‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
ERP
Operating
LP
3.50%,
03/01/2028
$
100‌
$
99‌
Essex
Portfolio
LP
1.65%,
01/15/2031
100‌
87‌
Extra
Space
Storage
LP
5.70%,
04/01/2028
100‌
103‌
Gecina
SA
1.63%,
05/29/2034
EUR
100‌
102‌
GLP
Capital
LP
/
GLP
Financing
II
Inc
5.63%,
09/15/2034
$
50‌
51‌
Goodman
US
Finance
Six
LLC
5.13%,
10/07/2034
(k)
272‌
272‌
Granite
REIT
Holdings
LP
3.06%,
06/04/2027
CAD
100‌
74‌
Healthpeak
OP
LLC
3.50%,
07/15/2029
$
100‌
98‌
Highwoods
Realty
LP
7.65%,
02/01/2034
50‌
57‌
Host
Hotels
&
Resorts
LP
5.50%,
04/15/2035
25‌
25‌
Invitation
Homes
Operating
Partnership
LP
5.50%,
08/15/2033
100‌
103‌
Kilroy
Realty
LP
4.75%,
12/15/2028
100‌
101‌
Kimco
Realty
OP
LLC
2.25%,
12/01/2031
100‌
89‌
4.60%,
02/01/2033
25‌
25‌
Klepierre
SA
2.00%,
05/12/2029
EUR
100‌
116‌
LXP
Industrial
Trust
2.38%,
10/01/2031
$
381‌
334‌
Mid-America
Apartments
LP
4.65%,
01/15/2033
50‌
50‌
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
3.50%,
03/15/2031
2,350‌
1,741‌
5.00%,
10/15/2027
950‌
929‌
8.50%,
02/15/2032
(k)
1,550‌
1,661‌
National
Health
Investors
Inc
3.00%,
02/01/2031
757‌
690‌
5.35%,
02/01/2033
155‌
155‌
NNN
REIT
Inc
5.60%,
10/15/2033
50‌
52‌
Northwest
Healthcare
Properties
Real
Estate
Investment
Trust
5.51%,
02/18/2030
CAD
50‌
38‌
Omega
Healthcare
Investors
Inc
5.20%,
07/01/2030
$
50‌
51‌
Prologis
Euro
Finance
LLC
0.50%,
02/16/2032
EUR
200‌
202‌
Prologis
LP
2.25%,
04/15/2030
$
200‌
186‌
Realty
Income
Corp
4.65%,
03/15/2047
100‌
88‌
Regency
Centers
LP
5.25%,
01/15/2034
100‌
103‌
RioCan
Real
Estate
Investment
Trust
5.61%,
10/06/2027
CAD
100‌
76‌
Scentre
Group
Trust
1
5.90%,
11/27/2034
AUD
100‌
71‌
Service
Properties
Trust
8.63%,
11/15/2031
(k)
$
2,225‌
2,337‌
Simon
Property
Group
LP
5.85%,
03/08/2053
100‌
102‌
SmartCentres
Real
Estate
Investment
Trust
5.16%,
08/01/2030
CAD
100‌
77‌
Store
Capital
LLC
4.50%,
03/15/2028
$
100‌
100‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
57
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Trust
Fibra
Uno
4.87%,
01/15/2030
$
200‌
$
196‌
UDR
Inc
3.10%,
11/01/2034
100‌
86‌
Unibail-Rodamco-Westfield
SE
2.00%,
05/29/2037
EUR
100‌
97‌
Ventas
Realty
LP
5.70%,
09/30/2043
$
50‌
50‌
VICI
Properties
LP
5.75%,
04/01/2034
100‌
103‌
WEA
Finance
LLC
3.50%,
06/15/2029
(k)
100‌
97‌
Welltower
OP
LLC
4.13%,
03/15/2029
200‌
201‌
Weyerhaeuser
Co
4.00%,
03/09/2052
496‌
381‌
WPC
Eurobond
BV
0.95%,
06/01/2030
EUR
100‌
108‌
$
16,743‌
Retail
-
0.78%
1011778
BC
ULC
/
New
Red
Finance
Inc
4.00%,
10/15/2030
(k)
$
3,150‌
3,006‌
7-Eleven
Inc
2.50%,
02/10/2041
(k)
100‌
69‌
Alimentation
Couche-Tard
Inc
5.27%,
02/12/2034
(k)
150‌
153‌
Asbury
Automotive
Group
Inc
5.00%,
02/15/2032
(k)
600‌
583‌
AutoNation
Inc
4.45%,
01/15/2029
326‌
327‌
AutoZone
Inc
5.10%,
07/15/2029
221‌
227‌
CK
Hutchison
Europe
Finance
21
Ltd
1.00%,
11/02/2033
EUR
100‌
99‌
Costco
Wholesale
Corp
1.38%,
06/20/2027
$
200‌
194‌
Darden
Restaurants
Inc
4.35%,
10/15/2027
358‌
360‌
Dick's
Sporting
Goods
Inc
4.10%,
01/15/2052
50‌
37‌
Dollar
General
Corp
3.50%,
04/03/2030
100‌
97‌
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
6.75%,
01/15/2030
(k)
950‌
898‌
Home
Depot
Inc/The
3.35%,
04/15/2050
200‌
142‌
4.50%,
12/06/2048
100‌
86‌
4.75%,
06/25/2029
50‌
51‌
4.90%,
04/15/2029
396‌
407‌
4.95%,
06/25/2034
100‌
102‌
LCM
Investments
Holdings
II
LLC
8.25%,
08/01/2031
(k)
1,725‌
1,817‌
Lithia
Motors
Inc
4.38%,
01/15/2031
(k)
1,350‌
1,299‌
Lowe's
Cos
Inc
2.63%,
04/01/2031
100‌
92‌
4.05%,
05/03/2047
100‌
80‌
4.45%,
04/01/2062
75‌
59‌
4.50%,
04/15/2030
100‌
101‌
McDonald's
Corp
3.63%,
09/01/2049
550‌
406‌
3.88%,
02/20/2031
EUR
100‌
123‌
4.60%,
09/09/2032
$
100‌
102‌
4.80%,
08/14/2028
1,178‌
1,202‌
4.88%,
12/09/2045
100‌
91‌
5.20%,
05/17/2034
100‌
104‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
O'Reilly
Automotive
Inc
3.60%,
09/01/2027
$
937‌
$
932‌
Starbucks
Corp
4.50%,
11/15/2048
50‌
42‌
4.80%,
02/15/2033
100‌
101‌
Suburban
Propane
Partners
LP/Suburban
Energy
Finance
Corp
5.00%,
06/01/2031
(k)
1,000‌
960‌
Target
Corp
2.95%,
01/15/2052
100‌
64‌
4.50%,
09/15/2032
(j)
75‌
76‌
Victra
Holdings
LLC
/
Victra
Finance
Corp
8.75%,
09/15/2029
(k)
2,925‌
3,079‌
Walmart
Inc
1.50%,
09/22/2028
50‌
47‌
1.80%,
09/22/2031
150‌
134‌
2.50%,
09/22/2041
100‌
72‌
4.50%,
04/15/2053
50‌
44‌
$
17,865‌
Savings
&
Loans
-
0.01%
Nationwide
Building
Society
3.77%,
01/27/2036
(l)
EUR
100‌
119‌
3
Month
Euro
Interbank
Offered
Rate
+
1.23%
Semiconductors
-
0.44%
Analog
Devices
Inc
5.30%,
04/01/2054
$
50‌
48‌
Applied
Materials
Inc
3.30%,
04/01/2027
100‌
99‌
4.60%,
01/15/2036
452‌
444‌
Broadcom
Inc
2.45%,
02/15/2031
1,350‌
1,235‌
3.19%,
11/15/2036
(k)
1,427‌
1,210‌
3.42%,
04/15/2033
150‌
139‌
3.46%,
09/15/2026
200‌
200‌
4.90%,
07/15/2032
471‌
481‌
4.90%,
02/15/2038
100‌
98‌
5.70%,
01/15/2056
209‌
211‌
Foundry
JV
Holdco
LLC
5.50%,
01/25/2031
(k)
200‌
207‌
5.88%,
01/25/2034
(k)
1,161‌
1,200‌
6.15%,
01/25/2032
(k)
669‌
712‌
Intel
Corp
2.80%,
08/12/2041
100‌
71‌
3.73%,
12/08/2047
914‌
658‌
4.10%,
05/19/2046
150‌
116‌
4.15%,
08/05/2032
397‌
385‌
4.88%,
02/10/2028
200‌
203‌
5.05%,
08/05/2062
100‌
83‌
5.70%,
02/10/2053
400‌
378‌
KLA
Corp
4.95%,
07/15/2052
100‌
91‌
Marvell
Technology
Inc
4.88%,
06/22/2028
(j)
200‌
204‌
Micron
Technology
Inc
5.88%,
02/09/2033
75‌
80‌
NVIDIA
Corp
2.00%,
06/15/2031
100‌
90‌
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
5.00%,
01/15/2033
100‌
101‌
Qorvo
Inc
4.38%,
10/15/2029
100‌
98‌
QUALCOMM
Inc
4.75%,
05/20/2032
356‌
363‌
4.80%,
05/20/2045
100‌
91‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
58
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Semiconductors
(continued)
Texas
Instruments
Inc
3.88%,
03/15/2039
$
100‌
$
89‌
4.60%,
02/15/2028
456‌
463‌
4.90%,
03/14/2033
100‌
103‌
$
9,951‌
Software
-
2.28%
Adobe
Inc
4.75%,
01/17/2028
501‌
511‌
AthenaHealth
Group
Inc
6.50%,
02/15/2030
(k)
11,555‌
11,206‌
Capstone
Borrower
Inc
8.00%,
06/15/2030
(k)
5,475‌
5,090‌
Central
Parent
Inc
/
CDK
Global
Inc
7.25%,
06/15/2029
(k)
1,250‌
958‌
Central
Parent
LLC
/
CDK
Global
II
LLC
/
CDK
Financing
Co
Inc
8.00%,
06/15/2029
(k)
175‌
136‌
CoreWeave
Inc
9.00%,
02/01/2031
(k)
5,540‌
5,386‌
Dye
&
Durham
Ltd
8.63%,
04/15/2029
(k)
5,025‌
4,520‌
Ellucian
Holdings
Inc
6.50%,
12/01/2029
(k)
1,975‌
1,944‌
Fiserv
Inc
3.00%,
07/01/2031
GBP
100‌
124‌
4.40%,
07/01/2049
$
100‌
79‌
Intuit
Inc
5.13%,
09/15/2028
75‌
77‌
Microsoft
Corp
2.68%,
06/01/2060
150‌
85‌
3.70%,
08/08/2046
100‌
80‌
4.10%,
02/06/2037
200‌
192‌
MSCI
Inc
5.25%,
09/01/2035
50‌
50‌
Oracle
Corp
2.88%,
03/25/2031
100‌
90‌
3.60%,
04/01/2040
100‌
74‌
3.60%,
04/01/2050
100‌
62‌
3.80%,
11/15/2037
1,050‌
845‌
3.85%,
04/01/2060
150‌
91‌
4.00%,
11/15/2047
790‌
541‌
4.13%,
05/15/2045
200‌
143‌
4.45%,
09/26/2030
526‌
514‌
4.65%,
05/06/2030
100‌
99‌
4.80%,
09/26/2032
50‌
48‌
5.50%,
08/03/2035
444‌
433‌
5.88%,
09/26/2045
421‌
379‌
5.95%,
09/26/2055
896‌
790‌
6.10%,
09/26/2065
20‌
17‌
6.13%,
07/08/2039
100‌
99‌
6.50%,
04/15/2038
713‌
730‌
Playtika
Holding
Corp
4.25%,
03/15/2029
(k)
5,875‌
5,103‌
Roper
Technologies
Inc
4.20%,
09/15/2028
200‌
201‌
4.25%,
09/15/2028
386‌
388‌
Salesforce
Inc
1.95%,
07/15/2031
150‌
133‌
SAP
SE
1.25%,
03/10/2028
EUR
100‌
116‌
SS&C
Technologies
Inc
6.50%,
06/01/2032
(k)
$
2,150‌
2,220‌
Synopsys
Inc
5.00%,
04/01/2032
100‌
102‌
UKG
Inc
6.88%,
02/01/2031
(k)
5,125‌
5,121‌
VMware
LLC
4.70%,
05/15/2030
100‌
102‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
ZoomInfo
Technologies
LLC/ZoomInfo
Finance
Corp
3.88%,
02/01/2029
(j),(k)
$
3,550‌
$
3,245‌
$
52,124‌
Sovereign
-
5.47%
Angolan
Government
International
Bond
8.25%,
05/09/2028
3,450‌
3,473‌
Argentine
Republic
Government
International
Bond
4.12%,
07/09/2035
(m)
2,450‌
1,895‌
Bahamas
Government
International
Bond
8.25%,
06/24/2036
(k)
925‌
1,032‌
8.25%,
06/24/2036
500‌
558‌
Benin
Government
International
Bond
7.96%,
02/13/2038
2,900‌
3,029‌
Brazil
Notas
do
Tesouro
Nacional
Serie
F
9.76%,
01/01/2029
BRL
50,400‌
9,004‌
Colombian
TES
11.00%,
08/22/2029
COP
12,088,400‌
3,112‌
13.25%,
02/09/2033
16,206,500‌
4,481‌
Czech
Republic
Government
Bond
6.20%,
06/16/2031
CZK
63,000‌
3,410‌
Ecuador
Government
International
Bond
0.00%,
07/31/2030
(d)
$
675‌
567‌
6.90%,
07/31/2035
(m)
980‌
893‌
8.75%,
01/29/2034
(k)
3,325‌
3,358‌
Egypt
Government
Bond
24.46%,
10/01/2027
EGP
55,900‌
1,208‌
25.32%,
08/13/2027
53,500‌
1,161‌
Egypt
Government
International
Bond
7.05%,
01/15/2032
$
1,425‌
1,440‌
7.63%,
05/29/2032
1,525‌
1,577‌
Egypt
Treasury
Bills
23.33%,
03/17/2026
(q)
EGP
119,400‌
2,471‌
23.40%,
05/19/2026
(q)
117,400‌
2,336‌
Farm
Credit
Bank
of
Texas
7.00%,
09/15/2030
(h),(l)
$
2,000‌
2,081‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.01%
Ghana
Government
International
Bond
0.00%,
01/03/2030
(d),(k)
1,617‌
1,414‌
0.00%,
01/03/2030
(d)
1,251‌
1,094‌
5.00%,
07/03/2029
(k),(m)
2,122‌
2,075‌
Hungary
Government
Bond
4.50%,
03/23/2028
HUF
1,555,000‌
4,679‌
Hungary
Government
International
Bond
6.00%,
09/26/2035
(k)
$
2,500‌
2,579‌
6.00%,
09/26/2035
275‌
284‌
Ivory
Coast
Government
International
Bond
5.88%,
10/17/2031
EUR
3,275‌
3,978‌
Japan
Government
Five
Year
Bond
0.40%,
09/20/2028
JPY
109,250‌
689‌
Japan
Government
Ten
Year
Bond
0.70%,
12/20/2033
34,350‌
201‌
Mexican
Bonos
8.50%,
11/18/2038
MXN
117,500‌
6,441‌
Mexico
Government
International
Bond
4.28%,
08/14/2041
$
1,281‌
1,021‌
5.38%,
03/22/2033
1,019‌
1,004‌
6.34%,
05/04/2053
400‌
379‌
6.63%,
01/29/2038
802‌
834‌
Nigeria
Government
International
Bond
7.38%,
09/28/2033
3,750‌
3,789‌
Pakistan
Government
International
Bond
7.38%,
04/08/2031
2,614‌
2,633‌
Peruvian
Government
International
Bond
6.90%,
08/12/2037
PEN
15,650‌
4,894‌
Republic
of
Cameroon
International
Bond
8.88%,
01/30/2033
$
1,625‌
1,574‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
59
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Republic
of
Italy
Government
International
Bond
3.88%,
05/06/2051
$
1,013‌
$
745‌
Republic
of
Poland
Government
Bond
2.00%,
08/25/2036
PLN
18,193‌
4,735‌
Republic
of
South
Africa
Government
Bond
8.75%,
01/31/2044
ZAR
187,100‌
11,401‌
Romanian
Government
International
Bond
5.63%,
05/30/2037
EUR
1,975‌
2,358‌
6.50%,
10/07/2045
(k)
975‌
1,205‌
6.75%,
07/11/2039
3,550‌
4,536‌
Turkiye
Government
Bond
30.08%,
09/12/2029
TRY
116,375‌
2,639‌
Ukraine
Government
International
Bond
4.00%,
02/01/2032
(k),(m)
$
1,466‌
1,168‌
4.00%,
02/01/2032
(m)
875‌
697‌
4.50%,
02/01/2034
(k),(m)
573‌
361‌
4.50%,
02/01/2034
(m)
5,992‌
3,774‌
Venezuela
Government
International
Bond
0.00%,
05/07/2023
(d)
3,500‌
1,330‌
Zambia
Government
International
Bond
5.75%,
06/30/2033
(m)
3,535‌
3,455‌
$
125,052‌
Student
Loan
Asset
Backed
Securities
-
0.92%
CIT
Education
Loan
Trust
2007-1
4.40%,
03/25/2042
(k)
1,175‌
1,154‌
1.00
x
90
Day
Average
Secured
Overnight
Financing
Rate
+
0.35%
Commonbond
Student
Loan
Trust
2017-B-GS
2.68%,
09/25/2042
(k)
1,037‌
982‌
Commonbond
Student
Loan
Trust
2021-A-GS
1.20%,
03/25/2052
(k)
212‌
182‌
ELFI
Graduate
Loan
Program
2024-A
LLC
5.56%,
08/25/2049
(k)
1,402‌
1,429‌
KeyCorp
Student
Loan
Trust
2006-A
5.10%,
03/27/2042
1,040‌
849‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.41%
National
Collegiate
Student
Loan
Trust
2005-2
4.16%,
06/25/2033
406‌
404‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.48%
National
Collegiate
Student
Loan
Trust
2006-4
4.13%,
05/25/2032
492‌
278‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.45%
Navient
Private
Education
Refi
Loan
Trust
2022-A
2.23%,
07/15/2070
(k)
764‌
703‌
Navient
Student
Loan
Trust
6.48%,
03/15/2072
(k)
1,401‌
1,448‌
Nelnet
Student
Loan
Trust
2021-D
4.48%,
04/20/2062
(k)
235‌
234‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.80%
Nelnet
Student
Loan
Trust
2023-A
5.90%,
02/20/2041
(k)
360‌
367‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
2.20%
6.64%,
02/20/2041
(k)
450‌
467‌
SLM
Private
Credit
Student
Loan
Trust
2003-A
5.58%,
06/15/2032
1,939‌
791‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.86%
SLM
Private
Credit
Student
Loan
Trust
2003-B
5.58%,
03/15/2033
661‌
181‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.86%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Student
Loan
Asset
Backed
Securities
(continued)
SLM
Private
Credit
Student
Loan
Trust
2003-C
5.58%,
09/15/2032
$
511‌
$
113‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.86%
SLM
Private
Credit
Student
Loan
Trust
2005-B
4.31%,
06/15/2039
828‌
809‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.59%
SLM
Private
Credit
Student
Loan
Trust
2006-A
4.27%,
06/15/2039
1,181‌
1,140‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.55%
SLM
Private
Credit
Student
Loan
Trust
2006-B
4.18%,
12/15/2039
426‌
418‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.46%
SLM
Private
Credit
Student
Loan
Trust
2007-A
4.22%,
12/16/2041
1,291‌
1,280‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.50%
SLM
Student
Loan
Trust
2008-2
4.90%,
04/27/2026
220‌
220‌
1.00
x
90
Day
Average
Secured
Overnight
Financing
Rate
+
1.01%
SLM
Student
Loan
Trust
2008-3
5.15%,
07/25/2028
1,499‌
1,498‌
1.00
x
90
Day
Average
Secured
Overnight
Financing
Rate
+
1.26%
SLM
Student
Loan
Trust
2008-4
5.80%,
01/25/2028
191‌
192‌
1.00
x
90
Day
Average
Secured
Overnight
Financing
Rate
+
1.91%
SLM
Student
Loan
Trust
2008-5
5.85%,
10/25/2027
1,124‌
1,132‌
1.00
x
90
Day
Average
Secured
Overnight
Financing
Rate
+
1.96%
SLM
Student
Loan
Trust
2008-6
5.25%,
04/25/2029
1,774‌
1,775‌
1.00
x
90
Day
Average
Secured
Overnight
Financing
Rate
+
1.36%
SMB
Private
Education
Loan
Trust
2014-A
4.50%,
09/15/2045
(k)
100‌
90‌
SMB
Private
Education
Loan
Trust
2015-B
3.50%,
12/17/2040
(k)
56‌
56‌
SMB
Private
Education
Loan
Trust
2021-A
2.31%,
01/15/2053
(k)
985‌
965‌
Towd
Point
Asset
Trust
2021-SL1
4.84%,
11/20/2061
(k)
600‌
595‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.16%
5.19%,
11/20/2061
(k)
1,200‌
1,186‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.51%
$
20,938‌
Supranational
Bank
-
0.33%
Africa
Finance
Corp
7.50%,
01/21/2030
(h),(k),(l)
1,525‌
1,556‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.02%
7.50%,
01/21/2030
(h),(l)
875‌
892‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.02%
European
Investment
Bank
3.25%,
11/15/2027
1,871‌
1,861‌
Inter-American
Development
Bank
1.13%,
07/20/2028
1,834‌
1,727‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
60
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
International
Bank
for
Reconstruction
&
Development
0.75%,
11/24/2027
$
1,538‌
$
1,462‌
$
7,498‌
Telecommunications
-
2.40%
Africell
Holding
Ltd
10.50%,
10/23/2029
(j),(k)
2,500‌
2,500‌
10.50%,
10/23/2029
(j)
300‌
300‌
America
Movil
SAB
de
CV
6.13%,
03/30/2040
100‌
106‌
APLD
ComputeCo
LLC
9.25%,
12/15/2030
(k)
3,420‌
3,552‌
AT&T
Inc
3.15%,
06/01/2030
EUR
100‌
119‌
3.55%,
09/15/2055
$
200‌
133‌
3.65%,
06/01/2051
100‌
70‌
3.65%,
09/15/2059
100‌
66‌
3.85%,
06/01/2060
309‌
212‌
4.25%,
06/01/2043
GBP
100‌
109‌
4.30%,
02/15/2030
$
100‌
100‌
4.30%,
11/18/2034
EUR
100‌
124‌
4.50%,
05/15/2035
$
1,222‌
1,171‌
4.70%,
08/15/2030
(j)
50‌
51‌
4.75%,
04/30/2033
(i)
458‌
457‌
4.75%,
05/15/2046
938‌
810‌
4.90%,
11/01/2035
50‌
49‌
4.90%,
08/15/2037
1,154‌
1,122‌
5.38%,
08/15/2035
50‌
51‌
5.40%,
02/15/2034
100‌
103‌
5.55%,
08/15/2041
100‌
99‌
5.70%,
11/01/2054
826‌
789‌
6.05%,
08/15/2056
355‌
355‌
Axian
Telecom
Holding
&
Management
PLC
7.25%,
07/11/2030
(k)
1,175‌
1,192‌
7.25%,
07/11/2030
400‌
406‌
Bell
Telephone
Co
of
Canada
or
Bell
Canada
4.70%,
03/14/2036
CAD
100‌
75‌
5.20%,
02/15/2034
$
50‌
51‌
5.60%,
08/11/2053
CAD
50‌
39‌
British
Telecommunications
PLC
3.13%,
11/21/2031
GBP
100‌
127‌
5.13%,
12/04/2028
$
200‌
205‌
Cipher
Compute
LLC
7.13%,
11/15/2030
(k)
3,450‌
3,555‌
Cisco
Systems
Inc
2.50%,
09/20/2026
100‌
99‌
5.05%,
02/26/2034
100‌
102‌
5.10%,
02/24/2035
1,038‌
1,064‌
5.30%,
02/26/2054
100‌
96‌
Corning
Inc
5.45%,
11/15/2079
50‌
46‌
Deutsche
Telekom
AG
1.75%,
12/09/2049
EUR
100‌
74‌
Deutsche
Telekom
International
Finance
BV
4.38%,
06/21/2028
(k)
$
150‌
151‌
Digicel
International
Finance
Ltd
/
Difl
US
LLC
8.63%,
08/01/2032
(k)
2,725‌
2,833‌
Flash
Compute
LLC
7.25%,
12/31/2030
(k)
1,000‌
1,003‌
Motorola
Solutions
Inc
5.55%,
08/15/2035
50‌
52‌
NTT
Finance
Corp
0.34%,
03/03/2030
EUR
100‌
107‌
4.62%,
07/16/2028
(k)
$
200‌
203‌
5.17%,
07/16/2032
(k)
531‌
545‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Orange
SA
0.50%,
09/04/2032
EUR
100‌
$
100‌
1.38%,
02/11/2029
(h),(l)
100‌
111‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.49%
1.88%,
09/12/2030
200‌
226‌
4.00%,
01/13/2029
(k)
$
406‌
406‌
4.25%,
01/13/2031
(k)
342‌
339‌
5.00%,
01/13/2036
(k)
857‌
850‌
Rogers
Communications
Inc
4.55%,
03/15/2052
100‌
81‌
5.30%,
02/15/2034
50‌
51‌
Silk
Road
Group
Holding
LLC
7.50%,
09/15/2030
(k)
3,450‌
3,510‌
Sprint
Capital
Corp
6.88%,
11/15/2028
100‌
107‌
Telecom
Argentina
SA
9.50%,
07/18/2031
450‌
480‌
Telecommunications
co
Telekom
Srbija
AD
Belgrade
7.00%,
10/28/2029
(k)
825‌
828‌
7.00%,
10/28/2029
950‌
953‌
Telefonica
Emisiones
SA
3.72%,
01/23/2034
EUR
100‌
118‌
4.67%,
03/06/2038
$
150‌
137‌
4.90%,
03/06/2048
657‌
557‌
Telia
Co
AB
0.13%,
11/27/2030
EUR
100‌
104‌
Telstra
Group
Ltd
1.38%,
03/26/2029
100‌
114‌
TELUS
Corp
4.70%,
03/06/2048
CAD
100‌
69‌
7.00%,
10/15/2055
(l)
$
1,000‌
1,046‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.71%
T-Mobile
USA
Inc
3.00%,
02/15/2041
2,187‌
1,622‌
3.60%,
11/15/2060
505‌
334‌
3.70%,
05/08/2032
EUR
100‌
121‌
3.88%,
04/15/2030
$
100‌
98‌
4.38%,
04/15/2040
100‌
89‌
4.80%,
07/15/2028
200‌
204‌
5.05%,
07/15/2033
100‌
102‌
5.65%,
01/15/2053
100‌
96‌
Veon
Midco
BV
3.38%,
11/25/2027
3,075‌
2,936‌
Verizon
Communications
Inc
0.19%,
03/24/2028
CHF
100‌
129‌
1.30%,
05/18/2033
EUR
100‌
102‌
1.75%,
01/20/2031
$
150‌
132‌
2.36%,
03/15/2032
200‌
176‌
2.65%,
05/06/2030
AUD
200‌
125‌
2.85%,
09/03/2041
$
835‌
601‌
2.99%,
10/30/2056
100‌
59‌
3.00%,
11/20/2060
748‌
435‌
3.40%,
03/22/2041
492‌
383‌
3.55%,
03/22/2051
100‌
71‌
3.88%,
03/01/2052
328‌
243‌
4.02%,
12/03/2029
125‌
124‌
4.25%,
10/31/2030
EUR
100‌
125‌
4.50%,
08/10/2033
$
784‌
770‌
4.78%,
02/15/2035
191‌
187‌
5.25%,
04/02/2035
824‌
835‌
5.75%,
11/30/2045
334‌
332‌
6.00%,
11/30/2065
725‌
717‌
Vmed
O2
UK
Financing
I
PLC
4.25%,
01/31/2031
(k)
3,450‌
3,121‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
61
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Vodafone
Group
PLC
5.63%,
02/10/2053
$
100‌
$
96‌
5.75%,
06/28/2054
423‌
411‌
5.75%,
02/10/2063
369‌
353‌
5.88%,
06/28/2064
483‌
470‌
Vodafone
International
Financing
DAC
3.38%,
07/03/2033
EUR
100‌
118‌
WULF
Compute
LLC
7.75%,
10/15/2030
(k)
$
4,365‌
4,552‌
$
54,929‌
Transportation
-
0.52%
Burlington
Northern
Santa
Fe
LLC
4.15%,
12/15/2048
672‌
549‌
4.45%,
03/15/2043
707‌
628‌
5.20%,
04/15/2054
50‌
47‌
5.80%,
03/15/2056
242‌
248‌
Canadian
National
Railway
Co
3.05%,
02/08/2050
CAD
100‌
55‌
3.85%,
08/05/2032
$
100‌
97‌
Canadian
Pacific
Railway
Co
2.88%,
11/15/2029
100‌
96‌
4.30%,
05/15/2043
100‌
87‌
4.70%,
05/01/2048
473‌
421‌
CSX
Corp
3.35%,
09/15/2049
100‌
71‌
3.80%,
11/01/2046
100‌
78‌
Deutsche
Post
AG
3.75%,
11/25/2037
EUR
50‌
59‌
DSV
Finance
BV
1.38%,
03/16/2030
100‌
112‌
East
Japan
Railway
Co
1.10%,
09/15/2039
100‌
84‌
Federal
Express
Corp
2020-1
Pass
Through
Trusts
1.88%,
08/20/2035
$
1,488‌
1,302‌
FedEx
Corp
4.95%,
10/17/2048
100‌
88‌
Fedex
Freight
Holding
Co
Inc
4.30%,
03/15/2029
(i),(k)
430‌
430‌
GXO
Logistics
Inc
6.25%,
05/06/2029
444‌
468‌
Norfolk
Southern
Corp
4.55%,
06/01/2053
100‌
85‌
5.55%,
03/15/2034
100‌
105‌
Ryder
System
Inc
5.25%,
06/01/2028
100‌
103‌
Transnet/South
Africa
8.25%,
02/06/2028
3,125‌
3,297‌
TTX
Co
5.50%,
09/25/2026
(k)
839‌
846‌
Union
Pacific
Corp
3.25%,
02/05/2050
100‌
69‌
3.60%,
09/15/2037
100‌
89‌
3.85%,
02/14/2072
100‌
69‌
United
Parcel
Service
Inc
3.40%,
11/15/2046
50‌
37‌
5.30%,
04/01/2050
100‌
96‌
Yinson
Bergenia
Production
BV
8.50%,
01/31/2045
(k)
950‌
1,033‌
8.50%,
01/31/2045
1,125‌
1,223‌
$
11,972‌
Trucking
&
Leasing
-
0.29%
FTAI
Aviation
Investors
LLC
7.00%,
05/01/2031
(k)
2,425‌
2,551‌
7.00%,
06/15/2032
(k)
1,100‌
1,158‌
GATX
Corp
6.05%,
03/15/2034
100‌
106‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Trucking
&
Leasing
(continued)
Penske
Truck
Leasing
Co
Lp
/
PTL
Finance
Corp
5.25%,
02/01/2030
(k)
$
697‌
$
718‌
5.35%,
03/30/2029
(k)
292‌
301‌
5.88%,
11/15/2027
(k)
100‌
103‌
6.05%,
08/01/2028
(k)
712‌
742‌
6.20%,
06/15/2030
(k)
786‌
838‌
$
6,517‌
Water
-
0.15%
Aegea
Finance
Sarl
9.00%,
01/20/2031
(k)
1,825‌
1,939‌
9.00%,
01/20/2031
250‌
266‌
American
Water
Capital
Corp
4.15%,
06/01/2049
100‌
80‌
Anglian
Water
Services
Financing
PLC
5.38%,
11/10/2033
GBP
100‌
135‌
Essential
Utilities
Inc
3.35%,
04/15/2050
$
100‌
69‌
Northumbrian
Water
Finance
PLC
6.38%,
10/28/2034
GBP
100‌
144‌
Severn
Trent
Utilities
Finance
PLC
4.00%,
03/05/2034
EUR
100‌
122‌
Suez
SACA
5.00%,
11/03/2032
100‌
128‌
SW
Finance
I
PLC
6.19%,
03/31/2029
GBP
50‌
71‌
United
Utilities
Water
Finance
PLC
2.63%,
02/12/2031
100‌
124‌
Veolia
Environnement
SA
1.59%,
01/10/2028
EUR
200‌
233‌
Yorkshire
Water
Services
Finance
Ltd
5.50%,
05/28/2037
(m)
GBP
50‌
67‌
$
3,378‌
TOTAL
BONDS
$
1,658,783‌
CONVERTIBLE
BONDS
-
0.16%
Principal
Amount
(000's)
Value
(000's)
Chemicals
-
0.14%
Sasol
Financing
USA
LLC
4.50%,
11/08/2027
$
3,200‌
$
3,086‌
Oil
&
Gas
-
0.02%
Kosmos
Energy
Ltd
3.13%,
03/15/2030
1,100‌
567‌
TOTAL
CONVERTIBLE
BONDS
$
3,653‌
SENIOR
FLOATING
RATE
INTERESTS
-
8.38%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.12%
Advantage
Sales
&
Marketing
Inc
;
Term
Loan
B2
8.16%,
10/28/2027
$
201‌
169‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Clear
Channel
Outdoor
Holdings
Inc
;
Term
Loan
B
7.83%,
08/23/2028
2,224‌
2,222‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
8.00%
CMG
Media
Corp
;
Term
Loan
B2
7.27%,
06/18/2029
76‌
71‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Planet
US
Buyer
LLC
;
Term
Loan
B
6.82%,
02/07/2031
253‌
253‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
$
2,715‌
Aerospace
&
Defense
-
0.08%
Bleriot
US
Bidco
Inc
;
Term
Loan
B
6.17%,
10/31/2030
183‌
183‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
62
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
(continued)
Goat
Holdco
LLC
;
Term
Loan
B
6.22%,
12/10/2031
$
222‌
$
222‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Kaman
Corp
;
Term
Loan
B
6.32%-6.54%,
02/26/2032
480‌
479‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%,
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.50%
Kaman
Corp
;
Delayed
Draw
Term
Loan
B-DD
6.16%,
02/26/2032
9‌
9‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Signia
Aerospace
LLC
;
Term
Loan
B
6.44%-6.57%,
12/11/2031
149‌
149‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
TransDigm
Inc
;
Term
Loan
J
6.22%,
02/28/2031
415‌
415‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
TransDigm
Inc
;
Term
Loan
L
6.22%,
01/19/2032
165‌
165‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
TransDigm
Inc
;
Term
Loan
M
6.22%,
08/19/2032
236‌
236‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,858‌
Airlines
-
0.02%
AAdvantage
Loyalty
IP
Ltd
;
Term
Loan
B
5.92%,
04/20/2028
126‌
126‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Air
Canada
;
Term
Loan
B
5.47%,
03/21/2031
165‌
165‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
United
Airlines
Inc
;
Term
Loan
B
5.67%,
02/22/2031
89‌
89‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
$
380‌
Apparel
-
0.03%
ABG
Intermediate
Holdings
2
LLC
;
Term
Loan
B1
5.97%,
12/21/2028
201‌
201‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Beach
Acquisition
Bidco
LLC
;
Term
Loan
B1
6.92%,
09/12/2032
155‌
155‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Varsity
Brands
Inc
;
Term
Loan
B
6.67%,
08/26/2031
206‌
206‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
WH
Borrower
LLC
;
Term
Loan
B
8.39%,
02/20/2032
84‌
85‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
$
647‌
Automobile
Manufacturers
-
0.01%
Allison
Transmission
Inc
;
Term
Loan
B
5.42%,
11/05/2032
274‌
274‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
(continued)
American
Trailer
World
Corp
;
Term
Loan
0.00%,
03/03/2028
(r)
$
69‌
$
62‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
336‌
Automobile
Parts
&
Equipment
-
0.11%
Clarios
Global
LP
;
Term
Loan
B
6.22%,
05/04/2030
1,857‌
1,854‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
6.47%,
01/28/2032
309‌
309‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Dexko
Global
Inc
;
Term
Loan
B
7.58%,
10/04/2028
272‌
270‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
2,433‌
Beverages
-
0.10%
Arterra
Wines
Canada
Inc
;
Term
Loan
B1
7.43%,
11/25/2027
1,565‌
1,535‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
BrewCo
Borrower
LLC
10.82%,
09/30/2030
40‌
34‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
10.82%,
09/30/2030
178‌
71‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
Naked
Juice
LLC
;
Term
Loan
9.17%,
01/24/2029
122‌
121‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.50%
Pegasus
Bidco
BV
;
Term
Loan
B
6.60%,
07/12/2029
138‌
139‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Primo
Brands
Corp
;
Term
Loan
B
5.92%,
03/31/2028
486‌
485‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
$
2,385‌
Biotechnology
-
0.02%
BioMarin
Pharmaceutical
Inc
0.00%,
01/28/2033
(r)
150‌
150‌
Genmab
A/S
;
Term
Loan
B
6.73%,
11/19/2032
250‌
251‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
401‌
Building
Materials
-
0.08%
ACProducts
Holdings
Inc
;
Term
Loan
B
8.18%,
05/17/2028
552‌
471‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Chariot
Buyer
LLC
;
Term
Loan
B
6.47%,
09/08/2032
279‌
279‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Cornerstone
Building
Brands
Inc
;
Term
Loan
B
7.03%,
04/12/2028
367‌
282‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Cornerstone
Building
Brands
Inc
;
Term
Loan
9.30%,
08/01/2028
52‌
40‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.63%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
63
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Building
Materials
(continued)
CP
Atlas
Buyer
Inc
;
Term
Loan
B
8.97%,
07/08/2030
$
204‌
$
200‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
Gibraltar
Industries
Inc
0.00%,
01/29/2033
(r)
34‌
34‌
MI
Windows
And
Doors
LLC
;
Term
Loan
B3
6.47%,
03/21/2031
94‌
93‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Quikrete
Holdings
Inc
;
Term
Loan
B3
5.97%,
02/10/2032
330‌
329‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Quikrete
Holdings
Inc
;
Term
Loan
B1
5.97%,
04/14/2031
78‌
78‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
$
1,806‌
Chemicals
-
0.38%
Advancion
Holdings
LLC
;
Term
Loan
11.52%,
10/27/2028
8,680‌
7,769‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.75%
Ecovyst
Catalyst
Technologies
LLC
;
Term
Loan
B
5.84%,
06/12/2031
48‌
48‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
Fortis
333
Inc
;
Term
Loan
B
7.17%,
03/29/2032
36‌
36‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Nouryon
Finance
BV
;
Term
Loan
B
7.04%,
04/03/2028
360‌
359‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Qnity
Electronics
Inc
;
Term
Loan
B
5.70%,
11/01/2032
268‌
269‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Solstice
Advanced
Materials
Inc
;
Term
Loan
B
5.59%,
10/29/2032
90‌
90‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
USALCO
LLC
;
Term
Loan
B
7.22%,
09/30/2031
57‌
57‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
$
8,628‌
Commercial
Services
-
0.40%
Aggreko
Holdings
Inc
;
Term
Loan
B
0.00%,
05/21/2031
(r)
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Allied
Universal
Holdco
LLC
;
Term
Loan
B
6.97%,
08/06/2032
424‌
424‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Anticimex
Global
AB
;
Term
Loan
B8
8.24%,
11/17/2031
974‌
975‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Belron
Finance
2019
LLC
;
Term
Loan
B
6.12%,
10/16/2031
254‌
254‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Camelot
US
Acquisition
LLC
;
Term
Loan
B
6.47%,
01/31/2031
$
140‌
$
128‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Catawba
Nation
Gaming
Authority
;
Term
Loan
B
8.47%,
03/29/2032
75‌
76‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Champions
Financing
Inc
;
Term
Loan
B
8.57%,
02/23/2029
2,475‌
2,299‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Corp
Service
Co
;
Term
Loan
B
5.81%,
11/02/2029
137‌
136‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Creative
Artists
Agency
LLC
;
Term
Loan
B
6.22%,
10/01/2031
213‌
213‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Element
Materials
Technology
Group
US
Holdings
Inc
7.35%,
07/06/2029
257‌
258‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Ensemble
RCM
LLC
;
Term
Loan
B
6.84%,
08/01/2029
214‌
212‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Ensemble
RCM
LLC
0.00%,
01/28/2033
(r)
847‌
838‌
EVERTEC
Group
LLC
;
Term
Loan
B
0.00%,
10/30/2030
(r)
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Garda
World
Security
Corp
;
Term
Loan
B
6.43%,
02/01/2029
222‌
222‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Jupiter
Buyer
Inc
;
Term
Loan
B
7.92%,
10/10/2031
155‌
156‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Learning
Care
Group
US
No
2
Inc
;
Term
Loan
B
7.67%-7.84%,
08/11/2028
14‌
10‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Medical
Solutions
Holdings
Inc
;
Term
Loan
B
7.44%,
10/06/2028
292‌
57‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Mister
Car
Wash
Holdings
Inc
;
Term
Loan
B
6.22%,
03/27/2031
245‌
245‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
OMNIA
Partners
LLC
;
Term
Loan
B
6.45%,
12/31/2032
201‌
201‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
PAREXEL
International
Corp
;
Term
Loan
B
6.47%,
12/09/2031
532‌
532‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
PG
Polaris
BidCo
Sarl
;
Term
Loan
B
5.92%,
03/26/2031
174‌
174‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
64
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Prime
Security
Services
Borrower
LLC
;
Term
Loan
B2
5.43%,
03/07/2032
$
55‌
$
55‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Prime
Security
Services
Borrower
LLC
;
Term
Loan
B1
5.69%,
10/13/2030
108‌
108‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Pye-Barker
Fire
&
Safety
LLC
;
Term
Loan
6.20%,
12/09/2032
234‌
234‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Signal
Parent
Inc
;
Term
Loan
B
7.44%,
04/03/2028
38‌
28‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Spin
Holdco
Inc
0.00%,
09/04/2030
(r)
126‌
117‌
Spin
Holdco
Inc
;
Term
Loan
B
8.02%,
03/03/2028
740‌
596‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Wand
NewCo
3
Inc
;
Term
Loan
B2
6.22%,
01/30/2031
315‌
315‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
XPLOR
T1
LLC
;
Term
Loan
B
7.29%,
12/01/2032
167‌
163‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
$
9,126‌
Computers
-
0.22%
Amentum
Holdings
Inc
;
Term
Loan
B
5.71%,
07/29/2031
103‌
103‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Clover
Holdings
2
LLC
;
Term
Loan
B
7.66%,
12/09/2031
824‌
806‌
Fortress
Intermediate
3
Inc
;
Term
Loan
B
6.67%,
06/27/2031
231‌
227‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
KnowBe4
Inc
;
Term
Loan
7.59%,
07/23/2032
900‌
864‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
McAfee
Corp
;
Term
Loan
B1
6.72%,
03/01/2029
321‌
283‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
NCR
Atleos
Corp
;
Term
Loan
B
6.70%,
04/16/2029
57‌
56‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Peraton
Corp
;
Term
Loan
B
7.69%,
02/01/2028
498‌
459‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Perforce
Software
Inc
;
Term
Loan
B
8.47%,
03/21/2031
117‌
93‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Ping
Identity
Holding
Corp
;
Term
Loan
6.59%,
10/29/2032
153‌
152‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Sophos
Holdings
LLC
;
Term
Loan
B
7.33%,
03/05/2027
$
93‌
$
92‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Synechron
Inc
;
Term
Loan
B
7.57%,
10/03/2031
94‌
92‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
VeriFone
Systems
Inc
;
Term
Loan
9.36%,
08/18/2028
253‌
232‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.50%
Vision
Solutions
Inc
;
Term
Loan
B
8.10%,
04/23/2028
198‌
167‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
World
Wide
Technology
Holding
Co
LLC
;
Term
Loan
B
5.71%,
03/01/2030
119‌
119‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
X
Corp
;
Term
Loan
B1
10.45%,
10/26/2029
743‌
742‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.50%
X
Corp
;
Term
Loan
B3
9.50%,
10/26/2029
532‌
550‌
$
5,037‌
Consumer
Products
-
0.00%
VC
GB
Holdings
I
Corp
;
Term
Loan
B
7.43%,
06/30/2028
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Cosmetics
&
Personal
Care
-
0.02%
Conair
Holdings
LLC
;
Term
Loan
B
7.58%,
05/17/2028
124‌
62‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Opal
US
LLC
;
Term
Loan
B4
6.69%,
04/28/2032
329‌
329‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.00%
$
391‌
Distribution
&
Wholesale
-
0.34%
BCPE
Empire
Holdings
Inc
;
Term
Loan
B
0.00%,
12/11/2030
(r)
82‌
81‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Dealer
Tire
Financial
LLC
;
Term
Loan
B5
6.72%,
07/02/2031
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Gates
Corp/DE
;
Term
Loan
B5
5.46%,
06/04/2031
95‌
95‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Gloves
Buyer
Inc
;
Term
Loan
B
7.69%,
05/21/2032
2,584‌
2,565‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Infinite
Bidco
LLC
;
Term
Loan
7.85%,
03/02/2028
189‌
186‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
10.93%,
02/24/2029
4,850‌
4,592‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
65
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Distribution
&
Wholesale
(continued)
OPENLANE
Inc
;
Term
Loan
B
6.37%,
10/08/2032
$
63‌
$
63‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Resideo
Funding
Inc
;
Term
Loan
B
5.72%,
08/13/2032
135‌
135‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
$
7,767‌
Diversified
Financial
Services
-
0.01%
Kestra
Advisor
Services
Holdings
A
Inc
;
Term
Loan
B
6.72%,
03/22/2031
188‌
187‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Orion
US
Finco
Inc
;
Term
Loan
B
7.14%,
10/10/2032
76‌
76‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
263‌
Electric
-
0.09%
Cornerstone
Generation
LLC
;
Term
Loan
B
7.09%,
08/11/2032
295‌
297‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Hamilton
Projects
Acquiror
LLC
0.00%,
05/30/2031
(r)
50‌
50‌
Invenergy
Thermal
Operating
I
LLC
6.36%,
05/06/2032
4‌
4‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
6.41%,
05/06/2032
61‌
62‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
NRG
Energy
Inc
;
Term
Loan
B
5.52%,
04/16/2031
65‌
64‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%,
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
Talen
Energy
Supply
LLC
;
Term
Loan
B
5.67%,
11/25/2032
49‌
49‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
6.35%,
05/17/2030
760‌
760‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
6.35%,
12/15/2031
664‌
663‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,949‌
Electronics
-
0.01%
Ingram
Micro
Inc
;
Term
Loan
B2
5.93%,
09/19/2031
82‌
82‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Pinnacle
Buyer
LLC
;
Term
Loan
B
6.16%,
10/01/2032
67‌
67‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Resilience
Parent
LLC
;
Term
Loan
B
0.00%,
01/21/2033
(r)
115‌
115‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Spectris
PLC
6.49%,
09/24/2032
75‌
75‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
$
339‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Engineering
&
Construction
-
0.06%
Apple
Bidco
LLC
;
Term
Loan
B
6.22%,
09/22/2031
$
245‌
$
245‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Artera
Services
LLC
;
Term
Loan
8.17%,
02/15/2031
76‌
61‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
Brand
Industrial
Services
Inc
;
Term
Loan
B
8.35%,
08/01/2030
140‌
124‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
Brown
Group
Holding
LLC
;
Term
Loan
B1
6.22%,
07/01/2031
122‌
122‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Brown
Group
Holding
LLC
;
Term
Loan
B2
6.17%-6.32%,
07/01/2031
564‌
563‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%,
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Centuri
Group
Inc
;
Term
Loan
B
5.67%,
07/09/2032
85‌
85‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Dycom
Industries
Inc
;
Term
Loan
B
0.00%,
01/20/2033
(r)
29‌
29‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Green
Infrastructure
Partners
Inc
6.42%,
09/24/2032
62‌
62‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
$
1,291‌
Entertainment
-
0.12%
AMC
Entertainment
Holdings
Inc
;
Term
Loan
11.42%,
01/04/2029
297‌
294‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.00%
Caesars
Entertainment
Inc
;
Term
Loan
B
5.97%,
02/06/2030
28‌
28‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Caesars
Entertainment
Inc
;
Term
Loan
B1
5.97%,
02/06/2031
195‌
193‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Churchill
Downs
Inc
;
Term
Loan
B1
5.46%,
03/17/2028
110‌
110‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Cinemark
USA
Inc
;
Term
Loan
B
5.95%,
05/24/2030
182‌
182‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%,
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Crown
Finance
US
Inc
;
Term
Loan
B
8.19%,
12/02/2031
326‌
317‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Entain
Holdings
Gibraltar
Ltd
5.92%,
10/31/2029
264‌
263‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
66
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
Flutter
Financing
BV
;
Term
Loan
B
5.42%,
11/30/2030
$
122‌
$
122‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
5.67%,
06/04/2032
343‌
341‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Herschend
Entertainment
Co
LLC
;
Term
Loan
B
6.96%,
05/27/2032
65‌
65‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Light
&
Wonder
International
Inc
;
Term
Loan
B3
5.67%,
04/16/2029
86‌
85‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Motion
Finco
Sarl
;
Term
Loan
B3
7.17%,
11/12/2029
150‌
128‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Scientific
Games
Holdings
LP
;
Term
Loan
B
6.65%,
04/04/2029
200‌
196‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
SeaWorld
Parks
&
Entertainment
Inc
;
Term
Loan
B3
5.72%,
12/04/2031
169‌
168‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
UFC
Holdings
LLC
;
Term
Loan
B5
5.87%,
11/21/2031
302‌
303‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
$
2,795‌
Environmental
Control
-
0.06%
GFL
ES
US
LLC
;
Term
Loan
B
6.27%,
02/04/2032
204‌
203‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Madison
IAQ
LLC
;
Term
Loan
B
6.13%,
06/21/2028
161‌
161‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.50%
Reworld
Holding
Corp
;
Term
Loan
B1
5.92%,
11/30/2028
119‌
119‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Reworld
Holding
Corp
;
Term
Loan
B
0.00%,
01/15/2031
(r)
43‌
43‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
5.92%,
01/15/2031
40‌
40‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Reworld
Holding
Corp
;
Term
Loan
C
0.00%,
01/15/2031
(r)
7‌
7‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Win
Waste
Innovations
Holdings
Inc
;
Term
Loan
6.58%,
03/24/2028
679‌
681‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
1,254‌
Food
-
0.03%
CHG
PPC
Parent
LLC
;
Term
Loan
B
6.83%,
12/08/2028
168‌
168‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
Fiesta
Purchaser
Inc
;
Term
Loan
B
6.47%,
02/12/2031
$
64‌
$
62‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Froneri
US
Inc
;
Term
Loan
B4
6.45%,
09/17/2031
119‌
118‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.00%
Froneri
US
Inc
;
Term
Loan
B6
6.12%,
07/16/2032
366‌
365‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Savor
Acquisition
Inc
;
Term
Loan
B
6.83%,
02/19/2032
54‌
55‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
768‌
Hand
&
Machine
Tools
-
0.00%
Madison
Safety
&
Flow
LLC
;
Term
Loan
B
6.18%,
09/26/2031
71‌
71‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Healthcare
-
Products
-
0.08%
Bausch
+
Lomb
Corp
;
Term
Loan
B
7.45%,
01/15/2031
255‌
256‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Hologic
Inc
0.00%,
01/14/2033
(r)
825‌
819‌
Insulet
Corp
;
Term
Loan
B
5.72%,
08/01/2031
127‌
127‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Medline
Borrower
LP
;
Term
Loan
B
5.47%,
10/23/2028
254‌
255‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Resonetics
LLC
;
Term
Loan
B
6.42%,
06/18/2031
140‌
140‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Viant
Medical
Holdings
Inc
;
Term
Loan
7.72%,
10/17/2031
255‌
255‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
1,852‌
Healthcare
-
Services
-
0.28%
ADMI
Corp
;
Term
Loan
B1
9.47%,
12/23/2027
98‌
95‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.75%
AHP
Health
Partners
Inc
;
Term
Loan
B
5.97%,
09/20/2032
140‌
140‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Eyecare
Partners
LLC
;
PIK
Term
Loan
B
4.73%,
PIK
3.61%;
11/30/2028
(n)
5,073‌
1,985‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.00%
Global
Medical
Response
Inc
;
Term
Loan
B
7.17%,
10/01/2032
377‌
378‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Heartland
Dental
LLC
;
Term
Loan
B
7.42%,
08/25/2032
950‌
950‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
67
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
LifePoint
Health
Inc
;
Term
Loan
B
7.15%,
05/17/2031
$
14‌
$
14‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Lumexa
Imaging
Inc
;
Term
Loan
B
6.70%,
12/13/2032
101‌
101‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
National
Mentor
Holdings
Inc
;
Term
Loan
9.72%,
12/05/2030
94‌
94‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Onex
TSG
Intermediate
Corp
7.59%,
08/06/2032
73‌
73‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Pacific
Dental
Services
LLC
;
Term
Loan
B
6.18%,
03/15/2031
257‌
256‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Phoenix
Guarantor
Inc
;
Term
Loan
B5
6.22%,
02/21/2031
303‌
302‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Radiology
Partners
Inc
;
Term
Loan
B
8.17%,
06/30/2032
229‌
229‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Sound
Inpatient
Physicians
Inc
;
PIK
Term
Loan
B
7.43%,
PIK
1.50%;
06/28/2028
(n)
366‌
355‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Sound
Inpatient
Physicians
Inc
;
PIK
Term
Loan
A
9.43%,
PIK
1.00%;
06/28/2028
(n)
28‌
29‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.50%
Star
Parent
Inc
;
Term
Loan
B
7.67%,
09/27/2030
129‌
129‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Surgery
Center
Holdings
Inc
;
Term
Loan
6.22%,
12/19/2030
633‌
633‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Team
Health
Holdings
Inc
;
Term
Loan
B
8.34%,
06/23/2028
576‌
576‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Upstream
Newco
Inc
;
PIK
Term
Loan
8.18%,
PIK
1.50%;
11/20/2029
(n)
99‌
89‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
$
6,428‌
Home
Builders
-
0.06%
Tecta
America
Corp
6.47%,
02/18/2032
1,294‌
1,295‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Home
Furnishings
-
0.04%
AI
Aqua
Merger
Sub
Inc
;
Term
Loan
B
6.65%-6.85%,
07/30/2028
422‌
422‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Somnigroup
International
Inc
;
Term
Loan
B
5.91%,
10/24/2031
103‌
104‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Home
Furnishings
(continued)
Weber-Stephen
Products
LLC
7.41%,
10/01/2032
$
277‌
$
277‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
$
803‌
Insurance
-
0.77%
Acrisure
LLC
;
Term
Loan
B6
6.72%,
11/06/2030
1,238‌
1,233‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Alera
Group
Inc
;
Term
Loan
B
6.47%,
05/30/2032
276‌
275‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Alliant
Holdings
Intermediate
LLC
;
Term
Loan
B
6.22%,
09/19/2031
533‌
532‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
AmWINS
Group
Inc
;
Term
Loan
B
5.68%,
01/30/2032
211‌
210‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Asurion
LLC
;
Term
Loan
B4
9.04%,
01/20/2029
3,883‌
3,877‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
15.75%
Asurion
LLC
;
TERM
B10
7.82%,
08/19/2028
203‌
203‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Asurion
LLC
;
Term
Loan
B11
8.06%,
08/19/2028
105‌
105‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Asurion
LLC
;
Term
Loan
B3
9.08%,
01/31/2028
6,800‌
6,791‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
Asurion
LLC
;
Term
Loan
B13
7.97%,
09/19/2030
204‌
204‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Broadstreet
Partners
Group
LLC
;
Term
Loan
B
6.22%,
06/14/2031
803‌
798‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
CRC
Insurance
Group
LLC
;
Term
Loan
8.42%,
05/06/2032
1,447‌
1,451‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
CRC
Insurance
Group
LLC
;
Term
Loan
B
6.42%,
05/06/2031
277‌
276‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
HUB
International
Ltd
;
Term
Loan
B
5.92%,
06/20/2030
269‌
268‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Ryan
Specialty
LLC
;
Term
Loan
B
5.72%,
09/13/2031
286‌
285‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Sedgwick
Claims
Management
Services
Inc
;
Term
Loan
B
6.22%,
07/31/2031
465‌
463‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
68
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Trucordia
Insurance
Holdings
LLC
;
Term
Loan
6.97%,
06/17/2032
$
190‌
$
188‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
USI
Inc/NY
;
Term
Loan
D
5.92%,
11/21/2029
370‌
370‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
USI
Inc/NY
;
Term
Loan
C
5.92%,
09/27/2030
169‌
169‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
$
17,698‌
Internet
-
0.45%
Cablevision
Lightpath
LLC
;
Term
Loan
B
0.00%,
11/30/2027
(r)
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
CNT
Holdings
I
Corp
;
Term
Loan
B
6.09%,
11/08/2032
338‌
337‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
MH
Sub
I
LLC
;
Term
Loan
9.92%,
02/12/2029
7,550‌
6,497‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Proofpoint
Inc
;
Term
Loan
B
6.67%,
08/31/2028
885‌
877‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Ten-X
LLC
;
Term
Loan
9.60%,
05/26/2028
2,952‌
2,568‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
6.00%
$
10,329‌
Investment
Companies
-
0.35%
Acuren
Delaware
Holdco
Inc
;
Term
Loan
6.46%,
07/30/2031
35‌
35‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Aragorn
Parent
Corp
;
Term
Loan
B
7.22%,
12/15/2028
92‌
92‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Nexus
Buyer
LLC
;
Term
Loan
B
7.22%,
07/31/2031
693‌
676‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Nexus
Buyer
LLC
9.47%,
01/30/2032
7,350‌
7,195‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.75%
$
7,998‌
Leisure
Products
&
Services
-
0.14%
Alterra
Mountain
Co
;
Term
Loan
B8
6.22%,
05/31/2030
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Alterra
Mountain
Co
;
Term
Loan
B6
6.22%,
08/17/2028
199‌
199‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Callaway
Golf
Co
;
Term
Loan
B
6.47%,
03/16/2030
7‌
7‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Leisure
Products
&
Services
(continued)
GBT
US
III
LLC
;
Term
Loan
B2
5.67%,
07/25/2031
$
108‌
$
107‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Hayward
Industries
Inc
;
Term
Loan
B
6.33%,
05/28/2028
196‌
196‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
MajorDrive
Holdings
IV
LLC
;
Term
Loan
B
7.93%,
06/01/2028
2,796‌
2,657‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
8.00%
$
3,216‌
Lodging
-
0.01%
Fertitta
Entertainment
LLC/NV
;
Term
Loan
B
6.97%,
01/13/2029
233‌
233‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Station
Casinos
LLC
;
Term
Loan
B
0.00%,
03/14/2031
(r)
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
$
283‌
Machinery
-
Diversified
-
0.61%
Chart
Industries
Inc
;
Term
Loan
B
6.16%,
03/15/2030
81‌
81‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Columbus
McKinnon
Corp/NY
;
Term
Loan
B
0.00%,
01/21/2033
(r)
167‌
166‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
CompoSecure
Holdings
LLC
;
Term
Loan
B
5.93%,
01/07/2033
75‌
75‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Engineered
Machinery
Holdings
Inc
;
Term
Loan
9.93%,
05/21/2029
10,613‌
10,666‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.00%
Lsf12
Helix
Parent
LLC
0.00%,
01/21/2033
(r)
1,692‌
1,685‌
Oregon
Tool
Lux
LP
;
Term
Loan
8.14%,
10/15/2029
115‌
74‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
9.23%,
10/15/2029
66‌
67‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
TK
Elevator
US
Newco
Inc
;
Term
Loan
B
6.95%,
04/30/2030
719‌
721‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Victory
Buyer
LLC
;
Term
Loan
7.58%,
11/18/2028
480‌
483‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
14,018‌
Media
-
0.13%
Cengage
Learning
Inc
;
Term
Loan
B
6.67%,
03/24/2031
260‌
260‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%,
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Century
DE
Buyer
LLC
;
Term
Loan
6.84%,
10/30/2030
176‌
175‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
69
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
CSC
Holdings
LLC
;
Term
Loan
B5
8.14%,
04/15/2027
$
141‌
$
126‌
Prime
Rate
+
1.50%
EW
Scripps
Co/The
;
Term
Loan
B3
7.14%,
11/30/2029
50‌
48‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.35%
EW
Scripps
Co/The
;
Term
Loan
B2
9.54%,
06/30/2028
25‌
25‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.75%
Houghton
Mifflin
Harcourt
Co
;
Term
Loan
B
0.00%,
04/09/2029
(r)
64‌
57‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
iHeartCommunications
Inc
;
Term
Loan
9.56%,
05/01/2029
206‌
188‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.78%
McGraw-Hill
Education
Inc
;
Term
Loan
B2
6.47%,
08/06/2031
73‌
73‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
NEP
Group
Inc
;
Term
Loan
B
8.17%,
10/17/2031
154‌
141‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Numericable
US
LLC
7.81%,
04/30/2028
128‌
128‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.13%
8.73%,
10/30/2028
115‌
115‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.06%
9.05%,
05/14/2029
445‌
445‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.38%
10.55%,
05/30/2031
418‌
423‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.88%
Radiate
Holdco
LLC
;
PIK
TERM
FIFO
0.00%,
PIK
0.00%;
09/25/2029
(n),(r)
144‌
123‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Sinclair
Television
Group
Inc
;
Term
Loan
B6
7.40%,
12/31/2029
55‌
47‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.30%
SportsNet
New
York
0.00%,
04/15/2031
(d),(e)
22,178‌
—‌
Sunrise
Financing
Partnership
;
Term
Loan
AAA
6.13%,
02/13/2032
172‌
171‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.50%
Virgin
Media
Bristol
LLC
;
Term
Loan
Y
7.05%,
03/31/2031
88‌
86‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.18%
Virgin
Media
Bristol
LLC
;
Term
Loan
Q
7.04%,
01/31/2029
80‌
80‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
WideOpenWest
Finance
LLC
;
Term
Loan
6.93%,
12/11/2028
338‌
310‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
$
3,021‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mining
-
0.09%
Arctic
Canadian
Diamond
Co
Ltd
10.27%,
06/30/2026
(e)
$
4,734‌
$
2,074‌
Arsenal
AIC
Parent
LLC
;
Term
Loan
B
6.47%,
08/18/2030
80‌
80‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
2,154‌
Packaging
&
Containers
-
0.20%
Berlin
Packaging
LLC
;
Term
Loan
B7
6.91%-6.92%,
06/09/2031
276‌
276‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
BradyPlus
Holdings
LLC
;
Term
Loan
B
7.19%,
12/13/2032
275‌
273‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Clydesdale
Acquisition
Holdings
Inc
;
Term
Loan
B
6.89%,
04/13/2029
258‌
256‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.18%
6.97%,
03/26/2032
332‌
330‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Graham
Packaging
Co
Inc
0.00%,
01/14/2033
(r)
50‌
50‌
Iris
Holding
Inc
;
Term
Loan
8.52%,
06/28/2028
2,296‌
2,218‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Klockner
Pentaplast
of
America
Inc
;
Term
Loan
B
0.00%,
02/12/2026
(d)
301‌
45‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
4.73%
Klockner
Pentaplast
of
America
Inc
;
DIP
DELAY-
DRAW
PIK
TERM
6.67%,
PIK
3.00%;
08/07/2026
(n)
185‌
164‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
6.67%,
PIK
3.00%;
08/07/2026
(n)
278‌
247‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Proampac
PG
Borrower
LLC
;
Term
Loan
B
7.67%-7.88%,
09/15/2028
246‌
246‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
SupplyOne
Inc
;
Term
Loan
B
7.22%,
03/27/2031
161‌
161‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
TricorBraun
Holdings
Inc
;
Term
Loan
6.97%,
03/03/2031
218‌
206‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
4,472‌
Pharmaceuticals
-
0.44%
1261229
BC
Ltd
;
Term
Loan
B
9.97%,
09/25/2030
500‌
487‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Amneal
Pharmaceuticals
LLC
;
Term
Loan
B
7.22%,
08/01/2032
130‌
130‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Covetrus
Inc
;
Term
Loan
8.67%,
10/13/2029
9,103‌
8,707‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.00%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
70
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Dechra
Finance
US
LLC
;
Term
Loan
B
6.64%,
01/27/2032
$
64‌
$
64‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.25%
Gainwell
Acquisition
Corp
;
Term
Loan
B
7.77%,
10/01/2027
344‌
328‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Jazz
Financing
Lux
Sarl
;
Term
Loan
B2
5.97%,
05/05/2028
62‌
62‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Organon
&
Co
;
Term
Loan
B
5.97%,
05/19/2031
263‌
255‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Perrigo
Investments
LLC
;
Term
Loan
B
5.72%,
04/20/2029
94‌
93‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
$
10,126‌
Pipelines
-
0.10%
Colossus
Acquireco
LLC
;
Term
Loan
B
5.41%,
07/31/2032
225‌
224‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Freeport
LNG
Investments
LLLP
6.93%,
11/16/2026
432‌
432‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Freeport
LNG
Investments
LLLP
;
Term
Loan
B
6.92%,
12/21/2028
213‌
213‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Freeport
LNG
Investments
LLLP
;
Term
Loan
0.00%,
01/29/2033
(r)
625‌
623‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
New
Fortress
Energy
Inc
;
Term
Loan
B
9.57%,
10/27/2028
199‌
77‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.50%
Oryx
Midstream
Services
Permian
Basin
LLC
;
Term
Loan
B
5.93%,
10/05/2028
160‌
159‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
TransMontaigne
Operating
Co
LP
;
Term
Loan
B
6.21%,
11/17/2028
156‌
156‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Traverse
Midstream
Partners
LLC
;
Term
Loan
B
6.34%,
02/16/2028
285‌
285‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
$
2,169‌
Real
Estate
-
0.02%
CoreLogic
Inc
;
Term
Loan
B
7.33%,
06/02/2028
258‌
257‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Cushman
&
Wakefield
US
Borrower
LLC
;
Term
Loan
B2
6.46%,
01/31/2030
113‌
114‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Real
Estate
(continued)
Cushman
&
Wakefield
US
Borrower
LLC
;
Term
Loan
B3
6.22%,
01/31/2030
$
167‌
$
167‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
538‌
Retail
-
0.15%
1011778
BC
ULC
;
Term
Loan
B6
5.47%,
09/20/2030
389‌
388‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
EG
America
LLC
;
Term
Loan
B
7.32%,
02/07/2028
192‌
192‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
EG
America
LLC
0.00%,
01/30/2031
(r)
100‌
100‌
Gulfside
Supply
Inc
;
Term
Loan
B
6.67%,
06/17/2031
121‌
117‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
IRB
Holding
Corp
;
Term
Loan
B
6.22%,
12/15/2030
321‌
321‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Johnstone
Supply
LLC
;
Term
Loan
B
6.18%,
06/09/2031
207‌
207‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Kodiak
BP
LLC
;
Term
Loan
B
7.47%,
12/04/2031
30‌
29‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
LBM
Acquisition
LLC
;
Term
Loan
B
7.52%,
06/06/2031
246‌
236‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
LS
Group
OpCo
Acquistion
LLC
;
Term
Loan
B1
6.17%-6.32%,
04/23/2031
157‌
157‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Michaels
Cos
Inc/The
;
Term
Loan
8.18%,
04/15/2028
138‌
136‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Park
River
Holdings
Inc
;
Term
Loan
B
8.16%,
03/15/2031
65‌
65‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
PetSmart
LLC
;
Term
Loan
B
7.67%,
08/18/2032
88‌
88‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
QXO
Building
Products
Inc
;
Term
Loan
B
5.72%,
04/30/2032
111‌
111‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Restoration
Hardware
Inc
;
Term
Loan
B
6.33%,
10/20/2028
154‌
151‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Victra
Holdings
LLC
;
Term
Loan
B
7.42%,
03/31/2029
962‌
961‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
71
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
White
Cap
Supply
Holdings
LLC
;
Term
Loan
B
6.97%,
10/19/2029
$
107‌
$
106‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
3,365‌
Semiconductors
-
0.15%
Altar
Bidco
Inc
;
Term
Loan
9.28%,
02/01/2030
3,570‌
3,347‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
5.60%
Software
-
1.70%
Applied
Systems
Inc
;
Term
Loan
B1
8.17%,
02/24/2032
2,700‌
2,725‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
Ascend
Learning
LLC
;
Term
Loan
B
6.72%,
12/10/2028
3,920‌
3,870‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
AthenaHealth
Group
Inc
;
Term
Loan
B
6.47%,
02/15/2029
1,182‌
1,165‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Avalara
Inc
;
Term
Loan
B
6.42%,
03/26/2032
198‌
193‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Avaya
LLC
;
PIK
Term
Loan
Exit
11.17%,
PIK
7.00%;
07/31/2028
(n)
742‌
679‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
Azalea
Topco
Inc
;
Term
Loan
B
6.72%,
04/30/2031
185‌
185‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
BCPE
Pequod
Buyer
Inc
;
Term
Loan
B
6.47%,
09/19/2031
109‌
109‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Boxer
Parent
Co
Inc
;
Term
Loan
B
6.82%,
07/30/2031
600‌
576‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Cast
&
Crew
LLC
;
Term
Loan
B
7.47%,
12/29/2028
2,586‌
1,593‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
CCC
Intelligent
Solutions
Inc
;
Term
Loan
B
5.72%,
01/23/2032
74‌
73‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Clearwater
Analytics
LLC
;
Term
Loan
B
5.67%,
04/21/2032
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.25%
Cloud
Software
Group
Inc
;
Term
Loan
B2
6.92%,
03/21/2031
66‌
64‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Cloud
Software
Group
Inc
;
Term
Loan
B1
6.92%,
08/13/2032
116‌
112‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Cotiviti
Inc
;
Term
Loan
6.45%,
03/26/2032
97‌
90‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Cotiviti
Inc
;
Term
Loan
B
6.45%,
05/01/2031
$
180‌
$
166‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Darktrace
Finco
US
LLC
;
Term
Loan
B
6.90%,
10/09/2031
2,112‌
2,054‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.50%
Darktrace
Finco
US
LLC
;
Term
Loan
8.90%,
10/11/2032
3,275‌
3,227‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
Dawn
Bidco
LLC
;
Term
Loan
B
0.00%,
10/07/2032
(r)
2,052‌
1,990‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Dayforce
Inc
;
Term
Loan
B
5.84%,
03/01/2031
194‌
193‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
Disco
Parent
Inc
/
Duck
Creek
Technologies
Inc
7.07%,
08/06/2032
26‌
26‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
DS
Admiral
Bidco
LLC
;
Term
Loan
B
7.91%,
06/26/2031
24‌
23‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Ellucian
Holdings
Inc
;
Term
Loan
B
6.47%,
10/08/2029
253‌
250‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Ellucian
Holdings
Inc
;
Term
Loan
8.47%,
11/15/2032
1,450‌
1,416‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
EP
Purchaser
LLC
;
Term
Loan
B
0.00%,
11/06/2028
(r)
30‌
18‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
0.00%,
11/06/2028
(r)
19‌
12‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
Epicor
Software
Corp
;
Term
Loan
B
6.22%,
05/30/2031
773‌
767‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
FinThrive
Software
Intermediate
Holdings
Inc
;
Term
Loan
B
7.69%,
12/15/2028
44‌
38‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Genesys
Cloud
Services
Inc
;
Term
Loan
B
6.23%,
01/30/2032
540‌
527‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Guardian
US
Holdco
LLC
0.00%,
01/31/2030
(r)
1,475‌
1,472‌
Icon
Parent
Inc
6.44%,
11/13/2031
390‌
383‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Isolved
Inc
;
Term
Loan
B
6.47%,
10/15/2030
100‌
98‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
72
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Javelin
Buyer
Inc
;
Term
Loan
6.59%,
12/05/2031
$
231‌
$
226‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Kaseya
Inc
;
Term
Loan
8.69%,
03/20/2033
6,535‌
6,258‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
10.00%
Kaseya
Inc
;
Term
Loan
B
6.72%,
03/20/2032
870‌
837‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Loyalty
Ventures
Inc
0.00%,
11/03/2027
(d)
1,608‌
12‌
Marcel
Bidco
LLC
;
Term
Loan
B
6.68%,
11/09/2030
152‌
151‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Mitchell
International
Inc
;
Term
Loan
B
6.67%,
06/17/2031
338‌
330‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Modena
Buyer
LLC
;
Term
Loan
B
8.09%,
04/18/2031
2,574‌
2,447‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Open
Text
Corp
;
Term
Loan
B
5.47%,
01/31/2030
401‌
394‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Planview
Parent
Inc
;
Term
Loan
7.17%,
12/17/2027
496‌
439‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
PointClickCare
Technologies
Inc
;
Term
Loan
B
6.42%,
11/03/2031
124‌
123‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Rackspace
Finance
LLC
;
Term
Loan
B
6.54%,
05/15/2028
323‌
86‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
10.05%,
05/15/2028
166‌
164‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Red
Planet
Borrower
LLC
;
Term
Loan
B
7.72%,
08/09/2032
1,750‌
1,740‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Rocket
Software
Inc
;
Term
Loan
B
7.47%,
11/28/2028
393‌
375‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
SS&C
Technologies
Inc
;
Term
Loan
B8
5.78%,
05/09/2031
169‌
169‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
UKG
Inc
;
Term
Loan
B
6.34%,
02/10/2031
607‌
591‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
VS
Buyer
LLC
;
Term
Loan
B
6.09%,
04/12/2031
183‌
181‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
West
Technology
Group
LLC
;
Term
Loan
B3
8.09%,
04/09/2027
$
421‌
$
127‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Zelis
Payments
Buyer
Inc
;
Term
Loan
B
6.47%,
09/28/2029
149‌
145‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
38,939‌
Telecommunications
-
0.29%
Cincinnati
Bell
Inc
;
Term
Loan
B5
5.97%,
11/23/2028
363‌
361‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Connect
Finco
SARL
;
Term
Loan
B
8.22%,
09/27/2029
94‌
93‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Connect
Holding
II
LLC
;
Delayed
Draw
Term
Loan
B-DD
7.92%-7.93%,
04/03/2031
471‌
430‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Cyborg
Oldco
DC
Holdings
Inc
;
Term
Loan
B
0.00%,
05/01/2024
(d),(e)
454‌
—‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Delta
Topco
Inc
;
Term
Loan
B
6.40%-6.44%,
11/30/2029
397‌
386‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Digicel
International
Finance
Ltd
;
Term
Loan
B
9.02%,
08/06/2032
235‌
235‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
Level
3
Financing
Inc
;
Term
Loan
B4
6.97%,
03/29/2032
1,412‌
1,412‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Lumen
Technologies
Inc
;
Term
Loan
A
9.72%,
06/01/2028
232‌
232‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Lumen
Technologies
Inc
;
Term
Loan
B1
6.17%,
04/15/2029
145‌
144‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.35%
Lumen
Technologies
Inc
;
Term
Loan
B2
6.18%,
04/15/2030
639‌
637‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.35%
Telesat
LLC
;
Term
Loan
B5
6.83%,
12/06/2026
317‌
251‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Uniti
Services
LLC
;
Term
Loan
B
7.72%,
10/06/2032
137‌
137‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Viasat
Inc
;
Term
Loan
B
8.29%,
05/30/2030
236‌
235‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
8.34%,
03/04/2029
30‌
30‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
73
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Zayo
Group
Holdings
Inc
;
PIK
Term
Loan
6.79%,
PIK
0.50%;
03/11/2030
(n)
$
2,053‌
$
1,974‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
6,557‌
Transportation
-
0.01%
PODS
LLC
;
Term
Loan
B
6.83%,
03/31/2028
39‌
39‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Stonepeak
Nile
Parent
LLC
;
Term
Loan
B
5.92%,
04/11/2032
175‌
175‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
$
214‌
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
191,512‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
8.87%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
4.94%
2.00%,
07/01/2051
$
5,157‌
$
4,201‌
2.00%,
09/01/2051
5,586‌
4,544‌
2.00%,
11/01/2051
3,149‌
2,601‌
2.00%,
12/01/2051
2,182‌
1,800‌
2.00%,
02/01/2052
792‌
644‌
2.00%,
02/01/2052
2,907‌
2,415‌
2.00%,
03/01/2052
1,671‌
1,374‌
2.50%,
07/01/2051
748‌
640‌
2.50%,
12/01/2051
2,985‌
2,578‌
2.50%,
12/01/2051
4,100‌
3,553‌
2.50%,
12/01/2051
1,916‌
1,655‌
2.50%,
01/01/2052
3,099‌
2,675‌
2.50%,
01/01/2052
1,840‌
1,597‌
2.50%,
02/01/2056
(s)
665‌
564‌
3.00%,
07/01/2051
2,347‌
2,114‌
3.00%,
03/01/2052
1,493‌
1,328‌
3.00%,
03/01/2052
3,264‌
2,939‌
3.50%,
05/01/2052
2,031‌
1,897‌
3.50%,
05/01/2052
1,585‌
1,479‌
4.00%,
07/01/2052
840‌
809‌
4.00%,
08/01/2052
2,859‌
2,759‌
4.00%,
10/01/2052
1,116‌
1,076‌
4.00%,
03/01/2053
3,374‌
3,242‌
4.00%,
07/01/2053
1,955‌
1,878‌
4.00%,
03/01/2056
(s)
785‌
749‌
4.50%,
06/01/2052
1,181‌
1,170‌
4.50%,
08/01/2052
1,178‌
1,163‌
4.50%,
08/01/2052
1,412‌
1,397‌
4.50%,
09/01/2052
1,667‌
1,646‌
4.50%,
10/01/2052
1,859‌
1,845‌
4.50%,
10/01/2052
537‌
528‌
4.50%,
02/01/2053
2,169‌
2,142‌
4.50%,
07/01/2053
2,251‌
2,223‌
4.50%,
01/01/2054
1,251‌
1,237‌
5.00%,
07/01/2052
2,235‌
2,265‌
5.00%,
04/01/2053
2,180‌
2,188‌
5.00%,
06/01/2053
1,941‌
1,964‌
5.00%,
06/01/2053
3,043‌
3,073‌
5.00%,
08/01/2053
2,059‌
2,070‌
5.00%,
11/01/2054
1,504‌
1,514‌
5.00%,
11/01/2054
1,365‌
1,379‌
5.00%,
02/01/2055
1,142‌
1,152‌
5.50%,
02/01/2041
(s)
1,200‌
1,226‌
5.50%,
02/01/2053
2,704‌
2,787‌
5.50%,
07/01/2053
1,175‌
1,211‌
5.50%,
11/01/2053
1,457‌
1,495‌
5.50%,
11/01/2053
1,654‌
1,701‌
5.50%,
03/01/2054
1,212‌
1,234‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
5.50%,
05/01/2054
$
1,313‌
$
1,349‌
5.50%,
06/01/2054
1,314‌
1,348‌
5.50%,
10/01/2054
2,448‌
2,515‌
5.50%,
02/01/2055
2,863‌
2,935‌
5.50%,
06/01/2055
804‌
824‌
5.50%,
08/01/2055
1,437‌
1,468‌
5.50%,
10/01/2055
1,715‌
1,751‌
6.00%,
04/01/2054
1,414‌
1,474‌
6.00%,
06/01/2054
846‌
880‌
6.00%,
09/01/2054
949‌
989‌
6.00%,
09/01/2054
1,670‌
1,739‌
6.00%,
11/01/2054
1,819‌
1,890‌
6.00%,
09/01/2055
1,401‌
1,454‌
6.00%,
02/01/2056
(s)
453‌
463‌
6.50%,
05/01/2054
1,225‌
1,283‌
6.50%,
04/01/2055
831‌
875‌
$
112,958‌
Government
National
Mortgage
Association
(GNMA)
-
1.76%
2.00%,
01/20/2051
1,184‌
985‌
2.00%,
07/20/2051
1,657‌
1,379‌
2.50%,
04/20/2051
1,887‌
1,636‌
2.50%,
07/20/2051
371‌
322‌
3.00%,
09/20/2051
836‌
756‌
4.00%,
03/20/2049
1,626‌
1,560‌
4.00%,
03/20/2050
550‌
527‌
4.00%,
10/20/2052
1,049‌
1,000‌
4.50%,
05/20/2048
2,120‌
2,104‌
4.50%,
05/20/2052
1,004‌
989‌
4.50%,
09/20/2052
480‌
472‌
4.50%,
11/20/2054
3,327‌
3,252‌
4.50%,
02/20/2056
(s)
4,800‌
4,687‌
5.00%,
12/20/2052
1,123‌
1,127‌
5.00%,
01/20/2053
2,302‌
2,316‌
5.00%,
02/20/2053
933‌
938‌
5.00%,
05/20/2053
1,676‌
1,685‌
5.00%,
08/20/2053
2,544‌
2,554‌
5.00%,
09/20/2053
1,394‌
1,400‌
5.00%,
10/20/2053
1,418‌
1,423‌
5.00%,
04/20/2054
2,592‌
2,599‌
5.00%,
02/20/2056
(s)
410‌
410‌
5.50%,
03/20/2053
831‌
847‌
5.50%,
06/20/2053
1,444‌
1,467‌
5.50%,
08/20/2053
1,217‌
1,241‌
5.50%,
04/20/2054
2,394‌
2,430‌
$
40,106‌
U.S.
Treasury
-
1.52%
1.88%,
11/15/2051
1,668‌
918‌
2.25%,
02/15/2052
1,050‌
634‌
2.75%,
11/15/2042
798‌
611‌
3.25%,
05/15/2042
454‌
377‌
3.50%,
11/30/2030
551‌
544‌
3.63%,
09/30/2031
573‌
565‌
3.77%,
04/30/2027
(t),(u)
9,546‌
9,558‌
US
Treasury
3
Month
Bill
Money
Market
Yield
+
0.16%
3.77%,
07/31/2027
(u)
1,279‌
1,281‌
US
Treasury
3
Month
Bill
Money
Market
Yield
+
0.16%
3.88%,
07/31/2030
386‌
388‌
3.88%,
08/15/2034
1,086‌
1,063‌
4.00%,
07/31/2032
209‌
209‌
4.00%,
11/15/2035
2,422‌
2,372‌
4.13%,
08/15/2044
549‌
502‌
4.25%,
11/15/2034
1,633‌
1,641‌
4.25%,
08/15/2035
396‌
396‌
4.25%,
08/15/2054
2,273‌
2,045‌
4.38%,
05/15/2034
867‌
881‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
74
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
4.50%,
11/15/2054
$
2,058‌
$
1,931‌
4.63%,
02/15/2035
502‌
518‌
4.63%,
05/15/2044
440‌
430‌
4.63%,
05/15/2054
1,407‌
1,348‌
4.63%,
02/15/2055
1,749‌
1,676‌
4.75%,
02/15/2045
800‌
793‌
4.75%,
08/15/2055
2,712‌
2,652‌
4.88%,
08/15/2045
175‌
176‌
5.00%,
05/15/2045
1,273‌
1,301‌
$
34,810‌
U.S.
Treasury
Bill
-
0.65%
3.54%,
02/03/2026
(q)
3,950‌
3,950‌
3.58%,
02/26/2026
(q)
10,750‌
10,724‌
3.59%,
02/17/2026
(q)
275‌
274‌
$
14,948‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
202,822‌
REPURCHASE
AGREEMENTS
-
0.70%
Maturity
Amount
(000's)
Value
(000's)
Banks
-
0.70%
Daiwa
Securities
Repurchase
Agreement;
3.66%
traded
01/30/2026
maturing
02/02/2026
(collateralized
by
US
Government
Security;
$16,224,225;
3.66%;
dated
03/31/2029)
$
15,903‌
$
15,900‌
TOTAL
REPURCHASE
AGREEMENTS
$
15,900‌
TOTAL
PURCHASED
CREDIT
DEFAULT
SWAPTIONS
-
0.00%
$
8‌
Total
Investments
$
2,321,537‌
Other
Assets
and
Liabilities
-  (1.58)%
(36,161‌)
TOTAL
NET
ASSETS
-
100.00%
$
2,285,376‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$37,970
or
1.66%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Security
is
subject
to
a
contractual
sale
restriction
but
this
feature
is
not
considered
in
measuring
the
fair
value.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$30,470.
The
sale
restriction
provision
specified
in
the
shareholder
agreements
have
no
specified
expiration
date
or
circumstances
that
could
cause
a
lapse.  
(g)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(h)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(i)
Security
purchased
on
a
when-issued
basis.
(j)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$36,410
or
1.59%
of
net
assets.
(k)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$795,682
or
34.82%
of
net
assets.
(l)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(m)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(n)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(o)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$51,288
or
2.24%
of
net
assets.
(p)
Security
is
an
Interest
Only
Strip.
(q)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
(r)
This
Senior
Floating
Rate
Note
will
settle
after
January
31,
2026,
at
which
time
the
interest
rate
will
be
determined.
(s)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(t)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$189
or
0.01%
of
net
assets.
(u)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
swap
and/or
swaption
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$357
or
0.02%
of
net
assets.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
136,493‌
$
478,874‌
$
516,142‌
$
99,225‌
$
136,493‌
$
478,874‌
$
516,142‌
$
99,225‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
598‌
$
—‌
$
—‌
$
—‌
$
598‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Arctic
Canadian
Diamond
Co
Ltd
02/03/2021
$
—‌
$
276‌
0.01%
High
Ridge
Brands
-
Escrow  
0.00%,
03/15/2025
12/29/2020-10/10/2025
14,671‌
—‌
0.00%
Specialty
Steel  
12.00%,
11/15/2033
08/11/2025
34,029‌
25,190‌
1.10%
Total
$
25,466‌
1.11%
Amounts
in
thousands.
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
75
Credit
Default
Swaptions
Purchased
Swaptions
Outstanding
Counterparty
Paid
by
the
Fund
Received
by
the
Fund
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Premiums
Paid
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Put
-
5
Year
Credit
Default
Swap
CIBC
World
Markets
Corp
5.00%
CDX.NA.IG.45
$
6,400‌
50.00%
03/18/2026
$
10‌
$
8‌
$
(2‌)
Total
$
10‌
$
8‌
$
(2‌)
Written
Swaptions
Outstanding
Counterparty
Paid
by
the
Fund
Received
by
the
Fund
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Premiums
Received
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Put
-
5
Year
Credit
Default
Swap
CIBC
World
Markets
Corp
CDX.NA.IG.45
5.00%
$
9,600‌
65.00%
03/18/2026
$
(5‌)
$
(3‌)
$
2‌
Total
$
(5‌)
$
(3‌)
$
2‌
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Treasury
Note;
March
2026
Short
59‌
$
6,598‌
$
43‌
US
10
Year
Treasury
Note;
March
2026
Long
178‌
19,906‌
(194‌)
US
10
Year
Treasury
Ultra
Note;
March
2026
Long
50‌
5,708‌
(66‌)
US
2
Year
Treasury
Note;
March
2026
Short
46‌
9,591‌
9‌
US
2
Year
Treasury
Note;
March
2026
Long
27‌
5,629‌
(8‌)
US
5
Year
Treasury  Note;
March
2026
Short
178‌
19,389‌
102‌
US
Long
Bond;
March
2026
Short
14‌
1,612‌
18‌
Total
$
(96‌)
Amounts
in
thousands
except
contracts.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
New
York
Mellon
02/20/2026
$
4,494‌
EUR
3,862‌
$
—‌
$
(87‌)
Citigroup
Inc
02/19/2026
$
22,544‌
EUR
19,236‌
4‌
(276‌)
Citigroup
Inc
02/26/2026
PEN
6,647‌
$
1,984‌
—‌
(10‌)
Citigroup
Inc
02/26/2026
$
1,974‌
PEN
6,647‌
1‌
—‌
Deutsche
Bank
AG
04/30/2026
EUR
200‌
$
239‌
—‌
(2‌)
Deutsche
Bank
AG
04/30/2026
$
619‌
EUR
516‌
5‌
—‌
HSBC
Securities
Inc
02/02/2026
EUR
197‌
$
234‌
—‌
(1‌)
HSBC
Securities
Inc
02/19/2026
$
234‌
EUR
196‌
1‌
—‌
HSBC
Securities
Inc
02/26/2026
COP
16,883,825‌
$
4,590‌
—‌
(37‌)
HSBC
Securities
Inc
02/26/2026
CZK
57,590‌
$
2,769‌
37‌
—‌
HSBC
Securities
Inc
02/26/2026
HUF
904,727‌
$
2,819‌
—‌
(9‌)
HSBC
Securities
Inc
02/26/2026
MXN
27,150‌
$
1,510‌
41‌
—‌
HSBC
Securities
Inc
02/26/2026
PLN
10,569‌
$
2,927‌
49‌
—‌
HSBC
Securities
Inc
02/26/2026
TRY
413,285‌
$
9,265‌
88‌
—‌
HSBC
Securities
Inc
02/26/2026
$
4,873‌
ZAR
80,475‌
—‌
(102‌)
HSBC
Securities
Inc
02/26/2026
$
8,169‌
COP
30,785,960‌
—‌
(132‌)
JPMorgan
Chase
07/30/2026
TRY
117,425‌
$
2,377‌
—‌
(3‌)
Total
$
226‌
$
(659‌)
Amounts
in
thousands.
Credit
Default
Swaps
Buy
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2026
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Goldman
Sachs
&
Co
CDX.NA.HY.43
N/A
(5.00)%
Quarterly
12/20/2029
$
1,130‌
$
(75‌)
$
(36‌)
$
—‌
$
(111‌)
Goldman
Sachs
&
Co
CMBX.11.BBB-
N/A
(3.00)%
Monthly
11/18/2054
650‌
81‌
(12‌)
69‌
—‌
Goldman
Sachs
&
Co
CMBX.18.BBB
N/A
(3.00)%
Monthly
12/17/2057
670‌
51‌
(8‌)
43‌
—‌
Goldman
Sachs
&
Co
CMBX.6.BBB-
N/A
(3.00)%
Monthly
05/11/2063
127‌
17‌
(3‌)
14‌
—‌
Goldman
Sachs
&
Co
CMBX.NA.11.AA
N/A
(1.50)%
Monthly
11/18/2054
1,000‌
16‌
(11‌)
5‌
—‌
Goldman
Sachs
&
Co
CMBX.NA.13.AA
N/A
(1.50)%
Monthly
12/16/2072
2,000‌
75‌
(52‌)
23‌
—‌
Goldman
Sachs
&
Co
CMBX.NA.15.A
N/A
(2.00)%
Monthly
11/18/2064
1,000‌
80‌
(46‌)
34‌
—‌
Goldman
Sachs
&
Co
CMBX.NA.18
N/A
(3.00)%
Monthly
12/17/2057
489‌
31‌
—‌
31‌
—‌
Goldman
Sachs
&
Co
CMBX.NA.BBB-
N/A
(3.00)%
Monthly
11/18/2064
1,000‌
153‌
(19‌)
134‌
—‌
Morgan
Stanley
&
Co
CMBX.18.BBB-
N/A
(3.00)%
Monthly
12/17/2057
489‌
33‌
(2‌)
31‌
—‌
Morgan
Stanley
&
Co
CMBX.NA.15.A
N/A
(2.00)%
Monthly
11/18/2064
1,000‌
62‌
(28‌)
34‌
—‌
Morgan
Stanley
&
Co
CMBX.NA.15.A
N/A
(2.00)%
Monthly
11/18/2064
440‌
25‌
(10‌)
15‌
—‌
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
76
Credit
Default
Swaps
(continued)
Buy
Protection
(continued)
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2026
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Morgan
Stanley
&
Co
CMBX.NA.8.A
N/A
(2.00)%
Monthly
10/17/2057
$
287‌
$
7‌
$
10‌
$
17‌
$
—‌
Morgan
Stanley
&
Co
CMBX.NA.BBB-
N/A
(3.00)%
Monthly
11/18/2064
500‌
69‌
(2‌)
67‌
—‌
Total
$
625‌
$
(219‌)
$
517‌
$
(111‌)
Sell
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2026
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
(b)
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
(c)
Bank
of
America
NA
ITRX.FIN.SNR.44  12-
100%
Index
Tranche
(d)
N/A
1.00%
Quarterly
12/20/2030
EUR
3,350‌
$
126‌
$
10‌
$
136‌
$
—‌
Bank
of
America
NA
ITRX.XOVER.42  12-
100%
Index
Tranche
(d)
N/A
1.00%
Quarterly
12/20/2029
7,340‌
212‌
53‌
265‌
—‌
BNP
Paribas
ITRX.FIN.SNR.44  35-
100%
Index
Tranche
(d)
N/A
5.00%
Quarterly
12/20/2030
2,100‌
482‌
6‌
488‌
—‌
Goldman
Sachs
&
Co
CDX.NA.HY.43
N/A
5.00%
Quarterly
12/20/2029
$
1,730‌
229‌
33‌
262‌
—‌
Goldman
Sachs
&
Co
CDX.NA.HY.43  15-25%
Index
Tranche
(d)
N/A
5.00%
Quarterly
12/20/2029
250‌
(10‌)
35‌
25‌
—‌
Goldman
Sachs
&
Co
CDX.NA.HY.43  25-35%
Index
Tranche
(d)
N/A
5.00%
Quarterly
12/20/2029
250‌
20‌
18‌
38‌
—‌
Goldman
Sachs
&
Co
CMBX.NA.15.AAA
N/A
0.50%
Monthly
11/18/2064
1,997‌
(31‌)
36‌
5‌
—‌
Goldman
Sachs
&
Co
CMBX.NA.17
N/A
3.00%
Monthly
12/15/2056
376‌
(48‌)
3‌
—‌
(45‌)
JPMorgan
Chase
CDX.NA.HY.39  15-25%
Index
Tranche
(d)
N/A
5.00%
Quarterly
12/20/2027
940‌
69‌
6‌
75‌
—‌
Morgan
Stanley
&
Co
CDX.NA.HY.43  25-35%
Index
Tranche
(d)
N/A
5.00%
Quarterly
12/20/2029
376‌
53‌
4‌
57‌
—‌
Morgan
Stanley
&
Co
CMBX.17.BBB-
N/A
3.00%
Monthly
12/15/2056
376‌
(50‌)
5‌
—‌
(45‌)
Morgan
Stanley
&
Co
CMBX.NA.15.AAA
N/A
0.50%
Monthly
11/18/2064
879‌
(12‌)
14‌
2‌
—‌
Total
$
1,040‌
$
223‌
$
1,353‌
$
(90‌)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2026
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
CDX.NA.IG.45
N/A
(1.00)%
Quarterly
12/20/2030
$
13,417‌
$
(288‌)
$
(14‌)
$
(302‌)
ITRX.EUROPE.42
N/A
(1.00)%
Quarterly
12/20/2029
EUR
4,400‌
(74‌)
(42‌)
(116‌)
ITRX.FIN.SNR.44
N/A
(1.00)%
Quarterly
12/20/2030
2,010‌
(47‌)
(6‌)
(53‌)
ITRX.FIN.SNR.44
N/A
(1.00)%
Quarterly
12/20/2030
9,222‌
(200‌)
(33‌)
(233‌)
ITRX.FIN.SNR.44
N/A
(5.00)%
Quarterly
12/20/2030
930‌
(121‌)
2‌
(119‌)
Total
$
(730‌)
$
(93‌)
$
(823‌)
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
fair
value
of
credit
default
swap
agreements
on
corporate
issues
or
sovereign
issues
as
of
period
end
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
for
the
credit
derivative.
The
implied
credit
spread
of
a
particular
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
upfront
payments
required
to
be
made
to
enter
into
the
agreement.
Wider
credit
spreads
represent
a
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
agreement.
(b)
The
maximum
potential
payment
amount
that
the
seller
of
credit
protection
could
be
required
to
make
if
a
credit
event
occurs
is
$7,174
and
12,790
EUR.
(c)
The
price
and
resulting
fair
value
for
credit
default
swap
agreements
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
of
an
expected
liability
(or
profit)
for
the
credit
default
swap
as
of
the
period
end.
Increasing
fair
values
of
the
swap,
in
absolute
terms
when
compared
to
the
notional
amount
of
the
swap,
represent
a
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
agreement.
(d)
A
credit
default
tranche
is
a
type
of
credit
default
swap
that
allows
an
investor
to
gain
exposure
to
a
particular
portion
of
the
loss
distribution
on
a
specified
credit
index.
Tranches
are
defined
by
attachment
and
detachment
points
that
specify
the
range
of
exposure
to
which
an
investor
is
receiving
or
providing
protection
with
respect
to
the
specified
credit
index.
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
77
Total
Return
Swaps
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Value
and
Unrealized
Appreciation/
(Depreciation)
Asset
 Liability
Citigroup
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Nigeria
Government
Bond,
17.95%,
06/25/2032
Annual
06/25/2032
NGN
1,175,000‌
$
—‌
$
—‌
$
(28‌)
Citigroup
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Nigeria
Government
Bond,
18.5%,
02/25/2031
Annual
02/25/2031
1,430,000‌
—‌
23‌
—‌
Citigroup
Inc
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
04/14/2026
Annual
04/14/2026
1,347,000‌
—‌
69‌
—‌
Citigroup
Inc
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
05/05/2026
Annual
05/05/2026
446,925‌
—‌
22‌
—‌
HSBC
Securities
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Zambia
Government
Bond,
13.00%,
12/18/2027
Annual
12/20/2027
ZMW
14,290‌
—‌
240‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.75%
Egypt
Treasury
Bill,
0.00%,
03/17/2026
Annual
03/17/2026
EGP
22,500‌
—‌
18‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.00%
Egypt
Treasury
Bill,
0.00%,
06/23/2026
Annual
06/23/2026
55,000‌
—‌
38‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.75%
Egypt
Treasury
Bill,
0.00%,
09/15/2026
Annual
09/15/2026
25,200‌
—‌
19‌
—‌
JPMorgan
Chase
iBoxx
USD
Liquid
Leveraged
Loan
Index
Secured
Overnight
Financing
Rate
+
0.00%
Annual
03/24/2026
$
7‌
$
—‌
$
12‌
$
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
02/03/2026
Annual
02/03/2026
NGN
350,000‌
—‌
19‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.75%
Nigeria
OMO
Bill,
0.00%,
02/27/2026
Annual
02/17/2026
700,000‌
—‌
75‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
03/10/2026
Annual
03/10/2026
797,000‌
—‌
46‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
04/21/2026
Annual
04/21/2026
690,000‌
—‌
49‌
—‌
Total
$
—‌
$
630‌
$
(28‌)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
78
Short
Sales
Outstanding
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
(0.07)%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
(0.07)%
2.50%,
02/01/2041
$
1,800‌
$
1,700‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(proceeds
$1,701)
$
1,700‌
TOTAL
SHORT
SALES
(proceeds
$1,701)
$
1,700‌
Schedule
of
Investments
Diversified
International
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
79
INVESTMENT
COMPANIES
-
1
.09
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.09
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
822,187‌
$
822‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(c)
13,300,842‌
13,301‌
$
14,123‌
TOTAL
INVESTMENT
COMPANIES
$
14,123‌
COMMON
STOCKS
-
98
.47
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
3
.66
%
Airbus
SE
103,693‌
$
23,741‌
BAE
Systems
PLC
841,331‌
22,839‌
CSG
NV
(d)
25,854‌
936‌
$
47,516‌
Agriculture
-
1
.18
%
British
American
Tobacco
PLC
252,528‌
15,256‌
Airlines
-
0
.93
%
Ryanair
Holdings
PLC
356,370‌
12,095‌
Apparel
-
1
.54
%
Gildan
Activewear
Inc
98,100‌
6,374‌
PRADA
SpA
713,400‌
3,647‌
Samsonite
Group
SA
(e)
3,891,800‌
9,888‌
$
19,909‌
Automobile
Manufacturers
-
1
.03
%
Toyota
Motor
Corp
586,600‌
13,296‌
Banks
-
13
.22
%
AIB
Group
PLC
1,915,519‌
21,412‌
Credicorp
Ltd
47,825‌
17,065‌
DBS
Group
Holdings
Ltd
338,960‌
15,756‌
Erste
Group
Bank
AG
172,162‌
22,383‌
FinecoBank
Banca
Fineco
SpA
222,725‌
5,904‌
HDFC
Bank
Ltd
ADR
251,911‌
8,157‌
National
Bank
of
Greece
SA
1,204,882‌
21,272‌
NatWest
Group
PLC
1,331,686‌
12,138‌
Nordea
Bank
Abp
262,178‌
5,059‌
Piraeus
Bank
SA
(d)
738,250‌
7,447‌
PT
Bank
Central
Asia
Tbk
7,881,570‌
3,482‌
Societe
Generale
SA
113,120‌
9,913‌
Swedbank
AB
119,764‌
4,656‌
UniCredit
SpA
193,805‌
16,889‌
$
171,533‌
Beverages
-
0
.59
%
Arca
Continental
SAB
de
CV
(f)
395,700‌
4,457‌
Kweichow
Moutai
Co
Ltd
15,820‌
3,184‌
$
7,641‌
Biotechnology
-
1
.06
%
Argenx
SE
(d)
15,945‌
13,409‌
Zai
Lab
Ltd
ADR
(d)
20,005‌
332‌
$
13,741‌
Building
Materials
-
3
.14
%
CRH
PLC
195,681‌
23,884‌
Mitsubishi
Electric
Corp
538,200‌
16,825‌
$
40,709‌
Commercial
Services
-
2
.53
%
Ashtead
Group
PLC
180,586‌
11,626‌
Elis
SA
299,123‌
8,685‌
Localiza
Rent
a
Car
SA
774,287‌
7,127‌
TOPPAN
Holdings
Inc
173,800‌
5,368‌
$
32,806‌
Computers
-
1
.81
%
Fujitsu
Ltd
843,700‌
23,443‌
Cosmetics
&
Personal
Care
-
2
.66
%
Haleon
PLC
4,033,968‌
21,097‌
L'Oreal
SA
17,511‌
8,046‌
Unilever
PLC
78,939‌
5,370‌
$
34,513‌
Distribution
&
Wholesale
-
0
.89
%
Rexel
SA
275,114‌
11,529‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
-
0
.25
%
Iberdrola
SA
142,964‌
$
3,214‌
Electronics
-
1
.92
%
Halma
PLC
87,766‌
4,262‌
Hoya
Corp
123,160‌
20,661‌
$
24,923‌
Engineering
&
Construction
-
2
.26
%
Kajima
Corp
213,400‌
8,706‌
Obayashi
Corp
501,800‌
11,327‌
Stantec
Inc
93,800‌
9,296‌
$
29,329‌
Entertainment
-
1
.42
%
Entain
PLC
1,219,083‌
10,114‌
Universal
Music
Group
NV
338,410‌
8,297‌
$
18,411‌
Food
-
0
.63
%
Danone
SA
55,151‌
4,322‌
Toyo
Suisan
Kaisha
Ltd
53,200‌
3,798‌
$
8,120‌
Forest
Products
&
Paper
-
0
.91
%
Suzano
SA
1,262,300‌
11,823‌
Healthcare
-
Products
-
1
.87
%
Alcon
AG
88,040‌
7,126‌
Medtronic
PLC
63,977‌
6,587‌
Smith
&
Nephew
PLC
616,663‌
10,510‌
$
24,223‌
Healthcare
-
Services
-
1
.23
%
ICON
PLC
(d)
88,720‌
15,992‌
Insurance
-
6
.64
%
AIA
Group
Ltd
3,186,400‌
36,763‌
ASR
Nederland
NV
63,968‌
4,646‌
AXA
SA
114,921‌
5,240‌
Fairfax
Financial
Holdings
Ltd
5,227‌
8,626‌
Hannover
Rueck
SE
44,715‌
12,643‌
Sompo
Holdings
Inc
529,300‌
18,253‌
$
86,171‌
Internet
-
6
.07
%
MercadoLibre
Inc
(d)
2,653‌
5,698‌
Scout24
SE
(e)
59,749‌
5,948‌
Spotify
Technology
SA
(d)
19,848‌
9,931‌
Tencent
Holdings
Ltd
499,700‌
38,408‌
Trip.com
Group
Ltd
235,350‌
14,445‌
Wix.com
Ltd
(d)
49,195‌
4,272‌
$
78,702‌
Lodging
-
0
.95
%
Galaxy
Entertainment
Group
Ltd
1,242,000‌
6,310‌
InterContinental
Hotels
Group
PLC
44,768‌
6,048‌
$
12,358‌
Machinery
-
Construction
&
Mining
-
1
.30
%
Komatsu
Ltd
280,300‌
10,729‌
Weir
Group
PLC/The
138,177‌
6,103‌
$
16,832‌
Machinery
-
Diversified
-
1
.65
%
Atlas
Copco
AB
-
A
Shares
615,659‌
12,696‌
Keyence
Corp
23,832‌
8,743‌
$
21,439‌
Media
-
0
.37
%
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
54,774‌
4,766‌
Metal
Fabrication
&
Hardware
-
0
.33
%
APL
Apollo
Tubes
Ltd
194,757‌
4,331‌
Mining
-
3
.50
%
Impala
Platinum
Holdings
Ltd
574,675‌
10,712‌
Sandfire
Resources
Ltd
(d)
801,445‌
10,875‌
Teck
Resources
Ltd
443,641‌
23,810‌
$
45,397‌
Schedule
of
Investments
Diversified
International
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
80
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
-
3
.57
%
ARC
Resources
Ltd
330,600‌
$
6,135‌
Canadian
Natural
Resources
Ltd
163,531‌
6,081‌
Shell
PLC
155,962‌
5,995‌
Suncor
Energy
Inc
531,745‌
28,105‌
$
46,316‌
Packaging
&
Containers
-
0
.65
%
Toyo
Seikan
Group
Holdings
Ltd
336,800‌
8,450‌
Pharmaceuticals
-
4
.98
%
Ascendis
Pharma
A/S
ADR
(d)
25,836‌
5,842‌
AstraZeneca
PLC
178,409‌
33,240‌
Sanofi
SA
249,838‌
23,566‌
Zealand
Pharma
A/S
(d)
29,013‌
1,940‌
$
64,588‌
Pipelines
-
1
.53
%
Gaztransport
Et
Technigaz
SA
71,482‌
15,401‌
Gibson
Energy
Inc
228,900‌
4,507‌
$
19,908‌
Private
Equity
-
0
.90
%
3i
Group
PLC
187,382‌
8,608‌
CVC
Capital
Partners
PLC
(e)
172,485‌
3,065‌
$
11,673‌
Retail
-
3
.35
%
Cie
Financiere
Richemont
SA
38,541‌
7,481‌
CP
ALL
PCL
2,508,100‌
3,458‌
Dollarama
Inc
29,288‌
3,947‌
Industria
de
Diseno
Textil
SA
104,316‌
6,788‌
Yum
China
Holdings
Inc
438,131‌
21,785‌
$
43,459‌
Semiconductors
-
12
.12
%
ASML
Holding
NV
32,427‌
46,497‌
Samsung
Electronics
Co
Ltd
400,639‌
44,261‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
1,201,544‌
66,440‌
$
157,198‌
Software
-
1
.59
%
Dassault
Systemes
SE
153,260‌
4,215‌
Nemetschek
SE
61,719‌
5,393‌
Nice
Ltd
ADR
(d)
54,854‌
5,837‌
Sage
Group
PLC/The
395,416‌
5,185‌
$
20,630‌
Telecommunications
-
3
.10
%
Deutsche
Telekom
AG
990,225‌
33,230‌
Zegona
Communications
plc
325,757‌
7,025‌
$
40,255‌
Toys,
Games
&
Hobbies
-
1
.14
%
Nintendo
Co
Ltd
238,200‌
14,751‌
TOTAL
COMMON
STOCKS
$
1,277,246‌
PREFERRED
STOCKS
-
0
.02
%
Shares
Held
Value
(000's)
Commercial
Services
-
0
.02
%
Localiza
Rent
a
Car
SA
0.00%
(d)
29,780‌
$
265‌
TOTAL
PREFERRED
STOCKS
$
265‌
Total
Investments
$
1,291,634‌
Other
Assets
and
Liabilities
-  0.42%
5,487‌
TOTAL
NET
ASSETS
-
100.00%
$
1,297,121‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$822
or
0.06%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$18,901
or
1.46%
of
net
assets.
(f)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$768
or
0.06%
of
net
assets.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
4,062‌
$
204,784‌
$
195,545‌
$
13,301‌
$
4,062‌
$
204,784‌
$
195,545‌
$
13,301‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
80‌
$
—‌
$
—‌
$
—‌
$
80‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Equity
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
81
INVESTMENT
COMPANIES
-
1
.59
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.59
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
4,161,590‌
$
4,162‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
124,471,480‌
124,471‌
$
128,633‌
TOTAL
INVESTMENT
COMPANIES
$
128,633‌
COMMON
STOCKS
-
98
.84
%
Shares
Held
Value
(000's)
Advertising
-
1
.72
%
Omnicom
Group
Inc
754,437‌
$
58,122‌
Publicis
Groupe
SA
ADR
3,219,267‌
80,771‌
$
138,893‌
Automobile
Manufacturers
-
4
.99
%
Cummins
Inc
358,105‌
207,278‌
PACCAR
Inc
1,589,707‌
195,391‌
$
402,669‌
Banks
-
11
.47
%
Bank
of
America
Corp
3,423,458‌
182,128‌
Citigroup
Inc
344,122‌
39,818‌
JPMorgan
Chase
&
Co
890,255‌
272,320‌
Morgan
Stanley
1,204,993‌
220,273‌
PNC
Financial
Services
Group
Inc/The
945,960‌
211,233‌
$
925,772‌
Beverages
-
2
.40
%
Coca-Cola
Co/The
2,594,012‌
194,058‌
Biotechnology
-
1
.99
%
Corteva
Inc
2,209,572‌
160,857‌
Building
Materials
-
2
.80
%
Carrier
Global
Corp
695,343‌
41,429‌
Trane
Technologies
PLC
439,242‌
184,736‌
$
226,165‌
Chemicals
-
0
.73
%
Air
Products
and
Chemicals
Inc
215,342‌
58,681‌
Computers
-
2
.26
%
Apple
Inc
703,899‌
182,648‌
Cosmetics
&
Personal
Care
-
1
.74
%
Procter
&
Gamble
Co/The
922,737‌
140,044‌
Diversified
Financial
Services
-
3
.23
%
Blackrock
Inc
162,186‌
181,476‌
Nasdaq
Inc
816,469‌
79,108‌
$
260,584‌
Electric
-
4
.53
%
NextEra
Energy
Inc
1,635,439‌
143,755‌
Sempra
671,018‌
58,385‌
WEC
Energy
Group
Inc
724,255‌
80,153‌
Xcel
Energy
Inc
1,099,231‌
83,608‌
$
365,901‌
Food
-
0
.06
%
Hershey
Co/The
24,107‌
4,695‌
Healthcare
-
Products
-
2
.74
%
Abbott
Laboratories
1,094,462‌
119,625‌
STERIS
PLC
386,852‌
101,587‌
$
221,212‌
Healthcare
-
Services
-
2
.57
%
HCA
Healthcare
Inc
281,474‌
137,435‌
UnitedHealth
Group
Inc
243,801‌
69,954‌
$
207,389‌
Home
Builders
-
2
.66
%
DR
Horton
Inc
1,440,181‌
214,357‌
Insurance
-
3
.63
%
Chubb
Ltd
628,440‌
194,540‌
Fidelity
National
Financial
Inc
1,810,803‌
98,489‌
$
293,029‌
Internet
-
4
.08
%
Alphabet
Inc
-
A
Shares
974,198‌
329,279‌
Iron
&
Steel
-
1
.62
%
Reliance
Inc
397,101‌
130,845‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Lodging
-
2
.56
%
Hilton
Worldwide
Holdings
Inc
691,622‌
$
206,456‌
Machinery
-
Diversified
-
2
.02
%
Deere
&
Co
309,311‌
163,316‌
Media
-
0
.22
%
Comcast
Corp
-
Class
A
604,103‌
17,972‌
Miscellaneous
Manufacturers
-
2
.40
%
Parker-Hannifin
Corp
206,550‌
193,298‌
Oil
&
Gas
-
4
.46
%
Chevron
Corp
525,912‌
93,034‌
EOG
Resources
Inc
1,222,319‌
137,059‌
Marathon
Petroleum
Corp
738,382‌
130,095‌
$
360,188‌
Pharmaceuticals
-
6
.56
%
AstraZeneca
PLC
ADR
863,048‌
80,065‌
Eli
Lilly
&
Co
76,260‌
79,093‌
Merck
&
Co
Inc
1,583,862‌
174,652‌
Novartis
AG
ADR
1,040,157‌
154,651‌
Roche
Holding
AG
ADR
(d)
729,825‌
41,418‌
$
529,879‌
Pipelines
-
1
.70
%
Enterprise
Products
Partners
LP
4,124,686‌
136,898‌
Private
Equity
-
2
.49
%
KKR
&
Co
Inc
1,759,419‌
201,031‌
REITs
-
3
.05
%
Alexandria
Real
Estate
Equities
Inc
10,912‌
596‌
Equity
LifeStyle
Properties
Inc
1,540,077‌
97,287‌
Prologis
Inc
818,606‌
106,877‌
Realty
Income
Corp
676,166‌
41,354‌
$
246,114‌
Retail
-
5
.14
%
Costco
Wholesale
Corp
249,621‌
234,706‌
Starbucks
Corp
1,007,905‌
92,677‌
Williams-Sonoma
Inc
427,494‌
87,487‌
$
414,870‌
Semiconductors
-
5
.80
%
Broadcom
Inc
449,854‌
149,036‌
Monolithic
Power
Systems
Inc
97,697‌
109,826‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
632,916‌
209,217‌
$
468,079‌
Software
-
3
.63
%
Fidelity
National
Information
Services
Inc
63,829‌
3,527‌
Microsoft
Corp
311,817‌
134,172‌
Salesforce
Inc
268,830‌
57,070‌
SAP
SE
ADR
490,054‌
98,520‌
$
293,289‌
Telecommunications
-
2
.24
%
T-Mobile
US
Inc
915,517‌
180,549‌
Transportation
-
1
.35
%
Expeditors
International
of
Washington
Inc
680,696‌
109,279‌
TOTAL
COMMON
STOCKS
$
7,978,296‌
Total
Investments
$
8,106,929‌
Other
Assets
and
Liabilities
-  (0.43)%
(
34,825‌
)
TOTAL
NET
ASSETS
-
100.00%
$
8,072,104‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$39,942
or
0.49%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$38,926
or
0.48%
of
net
assets.
Schedule
of
Investments
Equity
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
82
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
37,248‌
$
1,066,858‌
$
979,635‌
$
124,471‌
$
37,248‌
$
1,066,858‌
$
979,635‌
$
124,471‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
655‌
$
—‌
$
—‌
$
—‌
$
655‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
83
INVESTMENT
COMPANIES
-
11.19%
Shares
Held
Value
(000's)
Money
Market
Funds
-
11.19%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
791,912‌
$
792‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
99,102,702‌
99,103‌
$
99,895‌
TOTAL
INVESTMENT
COMPANIES
$
99,895‌
BONDS
-
85.88%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
0.97%
Czechoslovak
Group
AS
6.50%,
01/10/2031
(d)
$
4,675‌
$
4,879‌
6.50%,
01/10/2031
3,600‌
3,758‌
$
8,637‌
Banks
-
7.78%
Ardshinbank
CJSC
Via
Dilijan
Finance
BV
6.60%,
01/22/2031
(d)
2,350‌
2,370‌
BBVA
Mexico
SA
Institucion
De
Banca
Multiple
Grupo
Financiero
BBVA
Mexico/TX
5.13%,
01/18/2033
(e),(f)
2,525‌
2,495‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
7.63%,
02/11/2035
(d),(e),(f)
6,350‌
6,701‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.38%
7.63%,
02/11/2035
(e),(f)
525‌
554‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.38%
BOI
Finance
BV
7.50%,
02/16/2027
EUR
7,530‌
9,190‌
BSF
Finance
5.76%,
09/03/2035
(e)
$
6,025‌
6,010‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
Ipoteka-Bank
ATIB
6.45%,
10/09/2030
2,150‌
2,192‌
Mizrahi
Tefahot
Bank
Ltd
5.84%,
04/15/2036
(d),(e),(f)
8,225‌
8,303‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.10%
National
Bank
of
Uzbekistan
7.20%,
07/17/2030
(g)
2,200‌
2,302‌
8.50%,
07/05/2029
3,925‌
4,247‌
Riyad
Sukuk
Ltd
6.21%,
07/14/2035
(e)
6,050‌
6,148‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.25%
Saudi
Awwal
Bank
5.95%,
09/04/2035
(e)
4,900‌
4,954‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.20%
SNB
Sukuk
Ltd
5.94%,
07/18/2036
(e)
5,325‌
5,423‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.85%
Standard
Chartered
PLC
7.00%,
11/14/2035
(d),(e),(f),(h)
3,850‌
3,963‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.87%
7.63%,
01/16/2032
(d),(e),(f),(g),(h)
4,250‌
4,545‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.02%
$
69,397‌
Building
Materials
-
0.89%
Cimko
Cimento
Ve
Beton
Sanayi
Ve
Ticaret
AS
10.75%,
05/21/2030
2,375‌
2,564‌
Limak
Cimento
Sanayi
ve
Ticaret
AS
9.75%,
07/25/2029
5,300‌
5,392‌
$
7,956‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
-
0.61%
Braskem
Idesa
SAPI
0.00%,
11/15/2029
(i)
$
5,700‌
$
3,719‌
0.00%,
02/20/2032
(i)
2,575‌
1,690‌
$
5,409‌
Diversified
Financial
Services
-
0.65%
CS
Treasury
Management
Services
P
Ltd
9.00%,
06/05/2026
(d),(h)
1,467‌
1,499‌
Kona
Spc
Ltd
4.97%,
12/29/2026
(d),(j)
EUR
1,700‌
2,024‌
12
Month
Euro
Interbank
Offered
Rate
+
2.70%
SOCAR
Turkey
Enerji
AS
via
Steas
Funding
1
DAC
7.23%,
03/17/2026
$
2,300‌
2,299‌
$
5,822‌
Electric
-
3.31%
Comision
Federal
de
Electricidad
5.00%,
09/29/2036
2,115‌
1,992‌
Eastern
European
Electric
Co
BV
6.50%,
05/15/2030
(d)
EUR
2,050‌
2,554‌
6.50%,
05/15/2030
1,300‌
1,620‌
Energo
-
Pro
as
6.45%,
04/15/2031
3,175‌
3,741‌
8.00%,
05/27/2030
200‌
252‌
8.00%,
05/27/2030
(d)
4,250‌
5,352‌
Energuate
Trust
2
0
6.35%,
09/15/2035
(d)
$
3,025‌
3,023‌
FIEMEX
Energia
-
Banco
Actinver
SA
Institucion
de
Banca
Multiple
7.25%,
01/31/2041
(d)
2,674‌
2,782‌
Saavi
Energia
Sarl
8.88%,
02/10/2035
(d)
7,575‌
8,201‌
$
29,517‌
Energy
-
Alternate
Sources
-
0.72%
FS
Luxembourg
Sarl
8.63%,
06/25/2033
(d),(g)
2,300‌
2,376‌
8.63%,
06/25/2033
425‌
439‌
8.88%,
02/12/2031
(d),(g)
2,399‌
2,543‌
8.88%,
02/12/2031
(g)
1,044‌
1,107‌
$
6,465‌
Engineering
&
Construction
-
2.83%
ATP
Tower
Holdings
/
Andean
Telecom
Partners
Chile
SpA
/
Andean
Tower
Partners
Colombia
SAS
7.88%,
02/03/2030
(d),(g)
5,775‌
5,943‌
HTA
Group
Ltd/Mauritius
7.50%,
06/04/2029
(d)
3,525‌
3,637‌
7.50%,
06/04/2029
2,375‌
2,450‌
IHS
Holding
Ltd
7.88%,
05/29/2030
(d)
4,225‌
4,349‌
7.88%,
05/29/2030
1,825‌
1,879‌
8.25%,
11/29/2031
1,050‌
1,097‌
IHS
Netherlands
Holdco
BV
8.00%,
09/18/2027
3,558‌
3,556‌
Kingston
Airport
Revenue
Finance
Ltd
6.75%,
12/15/2036
(d)
2,325‌
2,371‌
$
25,282‌
Food
-
0.54%
Grupo
Nutresa
SA
8.00%,
05/12/2030
(d)
4,500‌
4,792‌
Iron
&
Steel
-
0.54%
Samarco
Mineracao
SA
4.00%,
PIK
5.00%;
06/30/2031
(k),(l)
4,808‌
4,827‌
Samarco
Mineracao
SA
Escrow
Shares
0.00%,
10/24/2023
(i),(j)
200‌
—‌
$
4,827‌
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
84
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mining
-
2.85%
Ivanhoe
Mines
Ltd
7.88%,
01/23/2030
(d)
$
7,175‌
$
7,475‌
7.88%,
01/23/2030
1,450‌
1,511‌
Vedanta
Resources
Finance
II
PLC
9.48%,
07/24/2030
(d)
5,000‌
5,274‌
10.88%,
09/17/2029
3,975‌
4,258‌
WE
Soda
Investments
Holding
PLC
9.50%,
10/06/2028
(d)
3,675‌
3,789‌
9.50%,
10/06/2028
3,025‌
3,119‌
$
25,426‌
Oil
&
Gas
-
9.62%
Azule
Energy
Finance
Plc
8.13%,
01/23/2030
(d)
5,050‌
5,109‌
8.25%,
01/22/2031
(d)
4,125‌
4,137‌
Energean
Israel
Finance
Ltd
5.38%,
03/30/2028
(d)
4,750‌
4,697‌
8.50%,
09/30/2033
(d),(g)
5,365‌
5,748‌
Energean
PLC
5.63%,
05/12/2031
(d)
EUR
2,450‌
2,917‌
Kosmos
Energy
Ltd
7.50%,
03/01/2028
(g)
$
5,200‌
3,930‌
Leviathan
Bond
Ltd
6.50%,
06/30/2027
(d)
7,625‌
7,695‌
Petroleos
de
Venezuela
SA
0.00%,
05/16/2024
(i)
34,325‌
10,401‌
0.00%,
11/15/2026
(i)
6,700‌
2,010‌
Petroleos
Mexicanos
5.95%,
01/28/2031
2,500‌
2,439‌
6.70%,
02/16/2032
5,050‌
5,042‌
6.84%,
01/23/2030
4,480‌
4,595‌
Puma
International
Financing
SA
7.75%,
04/25/2029
(d),(g)
5,225‌
5,412‌
7.75%,
04/25/2029
350‌
363‌
Raizen
Fuels
Finance
SA
6.25%,
07/08/2032
(d)
3,325‌
2,785‌
6.25%,
07/08/2032
625‌
523‌
6.70%,
02/25/2037
(d)
2,275‌
1,854‌
6.70%,
02/25/2037
375‌
306‌
Sonangol
Finance
Ltd
10.00%,
01/29/2031
(d)
8,575‌
8,472‌
Tengizchevroil
Finance
Co
International
Ltd
4.00%,
08/15/2026
2,440‌
2,431‌
Uzbekneftegaz
JSC
8.75%,
05/07/2030
(d)
3,725‌
4,029‌
8.75%,
05/07/2030
900‌
973‌
$
85,868‌
Oil
&
Gas
Services
-
0.58%
Yinson
Boronia
Production
BV
8.95%,
07/31/2042
4,636‌
5,144‌
Pipelines
-
1.27%
Acu
Petroleo
Luxembourg
Sarl
7.50%,
07/13/2035
5,505‌
5,668‌
Golar
LNG
Ltd
7.50%,
10/02/2030
(d)
3,825‌
3,828‌
Southern
Gas
Corridor
CJSC
6.88%,
03/24/2026
600‌
603‌
Transportadora
de
Gas
del
Sur
SA
8.50%,
07/24/2031
1,200‌
1,269‌
$
11,368‌
Real
Estate
-
1.36%
Aldar
Properties
PJSC
5.88%,
04/14/2056
(d),(e),(g)
8,425‌
8,327‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.02%
Mobiliare
Latam
SA
/
Mobiliare
Latam
Mexico
SA
de
CV
6.75%,
11/10/2032
(d),(g)
3,875‌
3,839‌
$
12,166‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Regional
Authority
-
1.59%
Province
of
Santa
Fe
8.10%,
12/11/2034
(d)
$
4,125‌
$
4,016‌
Provincia
de
Buenos
Aires/Government
Bonds
6.63%,
09/01/2037
(k)
7,347‌
5,933‌
Provincia
de
Cordoba
8.60%,
02/03/2035
(d),(m)
4,325‌
4,239‌
$
14,188‌
REITs
-
0.21%
Emirates
Reit
Sukuk
III
Ltd
7.50%,
12/12/2028
(k)
1,875‌
1,907‌
Sovereign
-
43.39%
Angolan
Government
International
Bond
8.00%,
11/26/2029
3,525‌
3,457‌
8.25%,
05/09/2028
3,150‌
3,171‌
Argentine
Republic
Government
International
Bond
4.12%,
07/09/2035
(k)
7,100‌
5,492‌
Bahamas
Government
International
Bond
8.25%,
06/24/2036
(d)
2,800‌
3,123‌
8.25%,
06/24/2036
1,325‌
1,478‌
Benin
Government
International
Bond
7.96%,
02/13/2038
3,525‌
3,682‌
Brazil
Notas
do
Tesouro
Nacional
Serie
F
9.76%,
01/01/2027
BRL
45,554‌
8,431‌
9.76%,
01/01/2035
103,685‌
16,472‌
Colombian
TES
11.00%,
08/22/2029
COP
33,361,500‌
8,589‌
13.25%,
02/09/2033
44,547,700‌
12,318‌
Ecuador
Government
International
Bond
0.00%,
07/31/2030
(i)
$
1,950‌
1,638‌
6.90%,
07/31/2035
(k)
2,863‌
2,608‌
8.75%,
01/29/2034
(d)
6,775‌
6,843‌
Egypt
Government
Bond
24.46%,
10/01/2027
EGP
155,400‌
3,359‌
25.32%,
08/13/2027
162,225‌
3,521‌
Egypt
Government
International
Bond
7.05%,
01/15/2032
$
4,200‌
4,245‌
7.30%,
09/30/2033
3,700‌
3,719‌
7.63%,
05/29/2032
4,000‌
4,137‌
Egypt
Treasury
Bills
23.33%,
03/17/2026
(n)
EGP
220,700‌
4,567‌
23.40%,
05/19/2026
(n)
329,600‌
6,557‌
Ghana
Government
International
Bond
0.00%,
01/03/2030
(d),(i)
$
3,017‌
2,638‌
0.00%,
01/03/2030
(i)
4,873‌
4,260‌
5.00%,
07/03/2029
(d),(k)
5,491‌
5,370‌
Hungary
Government
Bond
4.50%,
03/23/2028
HUF
4,301,400‌
12,944‌
Hungary
Government
International
Bond
4.25%,
05/26/2033
EUR
6,350‌
7,567‌
6.00%,
09/26/2035
(d)
$
6,175‌
6,370‌
6.00%,
09/26/2035
1,475‌
1,522‌
Israel
Government
International
Bond
5.00%,
01/13/2036
5,775‌
5,687‌
5.88%,
01/13/2056
5,375‌
5,234‌
Ivory
Coast
Government
International
Bond
4.88%,
01/30/2032
EUR
7,100‌
8,274‌
5.88%,
10/17/2031
3,075‌
3,735‌
Kuwait
International
Government
Bond
4.65%,
10/09/2035
(d)
$
4,050‌
3,993‌
Lebanon
Government
International
Bond
0.00%,
03/09/2020
(i)
1,425‌
416‌
0.00%,
04/12/2021
(i)
1,450‌
431‌
0.00%,
10/04/2022
(i)
4,825‌
1,409‌
0.00%,
04/22/2024
(i)
725‌
210‌
0.00%,
11/04/2024
(i)
750‌
219‌
0.00%,
06/12/2025
(i)
2,159‌
630‌
0.00%,
03/20/2028
(i)
7,000‌
2,050‌
0.00%,
05/25/2029
(i)
675‌
199‌
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
85
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Lebanon
Government
International
Bond
(continued)
0.00%,
04/22/2031
(i)
$
1,050‌
$
306‌
0.00%,
11/20/2031
(i)
1,050‌
311‌
0.00%,
05/17/2033
(i)
5,375‌
1,585‌
0.00%,
05/17/2034
(i)
775‌
226‌
0.00%,
11/02/2035
(i)
1,425‌
420‌
Malaysia
Government
Bond
3.58%,
07/15/2032
MYR
53,350‌
13,636‌
Mexican
Bonos
7.75%,
11/13/2042
MXN
205,400‌
10,256‌
8.50%,
11/18/2038
234,700‌
12,865‌
Morocco
Government
International
Bond
4.75%,
04/02/2035
EUR
3,450‌
4,153‌
Nigeria
Government
International
Bond
6.13%,
09/28/2028
$
2,975‌
2,996‌
7.14%,
02/23/2030
5,325‌
5,483‌
Pakistan
Government
International
Bond
7.38%,
04/08/2031
7,575‌
7,631‌
Peru
Government
Bond
5.40%,
08/12/2034
PEN
37,950‌
11,270‌
Peruvian
Government
International
Bond
6.85%,
08/12/2035
(d)
38,675‌
12,358‌
6.90%,
08/12/2037
16,325‌
5,105‌
Republic
of
Cameroon
International
Bond
8.88%,
01/30/2033
$
4,700‌
4,553‌
Republic
of
Poland
Government
Bond
2.00%,
08/25/2036
PLN
50,702‌
13,197‌
Republic
of
South
Africa
Government
Bond
8.75%,
01/31/2044
ZAR
369,650‌
22,524‌
Republic
of
South
Africa
Government
International
Bond
6.13%,
12/11/2037
(d)
$
5,125‌
4,972‌
7.25%,
12/11/2055
(d)
2,275‌
2,209‌
Romania
Government
Bond
6.85%,
07/29/2030
RON
52,425‌
12,466‌
Romanian
Government
International
Bond
5.63%,
05/30/2037
EUR
5,675‌
6,777‌
6.50%,
10/07/2045
(d)
2,850‌
3,523‌
6.75%,
07/11/2039
10,275‌
13,128‌
Turkiye
Government
Bond
30.08%,
09/12/2029
TRY
327,500‌
7,428‌
Ukraine
Government
International
Bond
4.00%,
02/01/2032
(d),(k)
$
3,911‌
3,117‌
4.00%,
02/01/2032
(k)
2,820‌
2,248‌
4.50%,
02/01/2034
(d),(k)
1,021‌
643‌
4.50%,
02/01/2034
(k)
17,715‌
11,157‌
Venezuela
Government
International
Bond
0.00%,
05/07/2023
(i)
10,250‌
3,896‌
Zambia
Government
International
Bond
5.75%,
06/30/2033
(k)
6,364‌
6,219‌
$
387,223‌
Supranational
Bank
-
1.21%
Africa
Finance
Corp
7.50%,
01/21/2030
(d),(e),(h)
4,625‌
4,719‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.02%
7.50%,
01/21/2030
(e),(h)
300‌
306‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.02%
Banque
Ouest
Africaine
de
Developpement
5.00%,
07/27/2027
5,750‌
5,746‌
$
10,771‌
Telecommunications
-
2.80%
Axian
Telecom
Holding
&
Management
PLC
7.25%,
07/11/2030
(d)
2,700‌
2,739‌
7.25%,
07/11/2030
1,550‌
1,572‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Digicel
International
Finance
Ltd
/
Difl
US
LLC
8.63%,
08/01/2032
(d)
$
7,575‌
$
7,876‌
Telecom
Argentina
SA
9.50%,
07/18/2031
1,250‌
1,333‌
Telecommunications
co
Telekom
Srbija
AD
Belgrade
7.00%,
10/28/2029
(d)
2,650‌
2,659‌
7.00%,
10/28/2029
975‌
979‌
Veon
Midco
BV
3.38%,
11/25/2027
8,181‌
7,813‌
$
24,971‌
Transportation
-
1.69%
Transnet/South
Africa
8.25%,
02/06/2028
9,050‌
9,548‌
Yinson
Bergenia
Production
BV
8.50%,
01/31/2045
(d)
2,625‌
2,854‌
8.50%,
01/31/2045
2,450‌
2,663‌
$
15,065‌
Water
-
0.47%
Aegea
Finance
Sarl
9.00%,
01/20/2031
(d)
2,900‌
3,082‌
9.00%,
01/20/2031
(g)
1,075‌
1,142‌
$
4,224‌
TOTAL
BONDS
$
766,425‌
CONVERTIBLE
BONDS
-
0.86%
Principal
Amount
(000's)
Value
(000's)
Chemicals
-
0.67%
Sasol
Financing
USA
LLC
4.50%,
11/08/2027
$
6,200‌
$
5,980‌
Oil
&
Gas
-
0.19%
Kosmos
Energy
Ltd
3.13%,
03/15/2030
3,200‌
1,649‌
TOTAL
CONVERTIBLE
BONDS
$
7,629‌
Total
Investments
$
873,949‌
Other
Assets
and
Liabilities
-  2.07%
18,499‌
TOTAL
NET
ASSETS
-
100.00%
$
892,449‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$7,672
or
0.86%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$254,937
or
28.57%
of
net
assets.
(e)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(f)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$26,561
or
2.98%
of
net
assets.
(g)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$7,345
or
0.82%
of
net
assets.
(h)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(i)
Non-income
producing
security
(j)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
86
(k)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(l)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(m)
Security
purchased
on
a
when-issued
basis.
(n)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
82,233‌
$
223,831‌
$
206,961‌
$
99,103‌
$
82,233‌
$
223,831‌
$
206,961‌
$
99,103‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
476‌
$
—‌
$
—‌
$
—‌
$
476‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
5
Year
Treasury  Note;
March
2026
Long
380‌
$
41,393‌
$
(87‌)
Total
$
(87‌)
Amounts
in
thousands
except
contracts.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Citigroup
Inc
02/19/2026
EUR
1,104‌
$
1,289‌
$
20‌
$
—‌
Citigroup
Inc
02/19/2026
$
8,891‌
EUR
7,574‌
22‌
(114‌)
Citigroup
Inc
02/26/2026
CZK
40,300‌
$
1,938‌
26‌
—‌
Citigroup
Inc
02/26/2026
PEN
96,089‌
$
28,661‌
—‌
(149‌)
Citigroup
Inc
02/26/2026
PLN
4,700‌
$
1,302‌
21‌
—‌
Citigroup
Inc
02/26/2026
KRW
27,911,616‌
$
19,029‌
265‌
—‌
Citigroup
Inc
02/26/2026
$
1,169‌
COP
4,362,500‌
—‌
(7‌)
Citigroup
Inc
02/26/2026
$
26,956‌
PEN
90,789‌
16‌
—‌
HSBC
Securities
Inc
02/02/2026
$
723‌
EUR
607‌
4‌
—‌
HSBC
Securities
Inc
02/19/2026
EUR
1,841‌
$
2,163‌
26‌
(4‌)
HSBC
Securities
Inc
02/19/2026
$
70,590‌
EUR
60,258‌
—‌
(883‌)
HSBC
Securities
Inc
02/26/2026
BRL
43,450‌
$
7,971‌
246‌
—‌
HSBC
Securities
Inc
02/26/2026
COP
49,019,550‌
$
13,326‌
—‌
(108‌)
HSBC
Securities
Inc
02/26/2026
CZK
488,117‌
$
23,471‌
317‌
—‌
HSBC
Securities
Inc
02/26/2026
HUF
2,827,716‌
$
8,810‌
—‌
(29‌)
HSBC
Securities
Inc
02/26/2026
MXN
52,925‌
$
2,943‌
80‌
—‌
HSBC
Securities
Inc
02/26/2026
PLN
42,202‌
$
11,687‌
194‌
—‌
HSBC
Securities
Inc
02/26/2026
KRW
18,144,796‌
$
12,375‌
168‌
—‌
HSBC
Securities
Inc
02/26/2026
TRY
1,137,938‌
$
25,517‌
236‌
—‌
HSBC
Securities
Inc
02/26/2026
$
21,359‌
COP
80,492,679‌
—‌
(345‌)
JPMorgan
Chase
02/26/2026
BRL
4,050‌
$
755‌
11‌
—‌
JPMorgan
Chase
02/26/2026
CNH
248,075‌
$
35,763‌
—‌
(80‌)
JPMorgan
Chase
02/26/2026
KRW
5,435,920‌
$
3,709‌
50‌
—‌
JPMorgan
Chase
02/26/2026
$
1,579‌
PEN
5,300‌
6‌
—‌
JPMorgan
Chase
02/26/2026
$
17,807‌
IDR
298,576,200‌
12‌
—‌
JPMorgan
Chase
07/30/2026
TRY
410,875‌
$
8,316‌
—‌
(9‌)
Total
$
1,720‌
$
(1,728‌)
Amounts
in
thousands.
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
87
Credit
Default
Swaps
Buy
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2026
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Goldman
Sachs
&
Co
Bank
of
China
Ltd/
Sydney,
4.19%,
06/14/2027
0.35%
(1.00)%
Quarterly
12/20/2028
$
29,900‌
$
(534‌)
$
(6‌)
$
—‌
$
(540‌)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Hong
Kong,
4.21%,
07/16/2027
0.28%
(1.00)%
Quarterly
12/20/2028
29,900‌
(535‌)
(61‌)
—‌
(596‌)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.32%
(1.00)%
Quarterly
12/20/2028
29,900‌
(535‌)
(25‌)
—‌
(560‌)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.28%
(1.00)%
Quarterly
12/20/2028
29,900‌
(535‌)
(64‌)
—‌
(599‌)
Total
$
(2,139‌)
$
(156‌)
$
—‌
$
(2,295‌)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2026
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
CDX.NA.HY.45
N/A
(5.00)%
Quarterly
12/20/2030
$
98,045‌
$
(6,660‌)
$
(1,541‌)
$
(8,201‌)
Republic
of
Colombia,
10.38%,
01/28/2033
2.06%
(1.00)%
Quarterly
12/20/2030
13,500‌
624‌
(15‌)
609‌
Republic
of
Colombia,
10.38%,
01/28/2033
2.06%
(1.00)%
Quarterly
12/20/2030
10,000‌
436‌
15‌
451‌
Republic
of
Colombia,
10.38%,
01/28/2033
2.06%
(1.00)%
Quarterly
12/20/2030
3,325‌
144‌
6‌
150‌
Total
$
(5,456‌)
$
(1,535‌)
$
(6,991‌)
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
fair
value
of
credit
default
swap
agreements
on
corporate
issues
or
sovereign
issues
as
of
period
end
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
for
the
credit
derivative.
The
implied
credit
spread
of
a
particular
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
upfront
payments
required
to
be
made
to
enter
into
the
agreement.
Wider
credit
spreads
represent
a
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
agreement.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Premiums
Paid/(Received)
Fair
Value
1
Day
MXN
TIIE
Banxico
Pay
7.12%
Monthly
Monthly
N/A
03/15/2028
MXN
1,720,000‌
$
108‌
$
(3‌)
$
105‌
3
Month
KRW
Certificate
of
Deposit
Pay
2.31%
Annual
Annual
N/A
09/17/2027
KRW
131,400,000‌
(1,093‌)
—‌
(1,093‌)
6
Month
Prague
Interbank
Offered
Rate
Pay
3.98%
Semiannual
Annual
N/A
03/18/2031
CZK
428,589‌
350‌
—‌
350‌
Colombia
IBR
Overnight
Interbank
Reference
Rate
Pay
11.09%
Annual
Annual
N/A
03/18/2028
COP
192,600,000‌
(106‌)
—‌
(106‌)
Total
$
(741‌)
$
(3‌)
$
(744‌)
Amounts
in
thousands.
(a)    
Forward
swap.
Total
Return
Swaps
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Value
and
Unrealized
Appreciation/
(Depreciation)
Asset
 Liability
Citigroup
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Nigeria
Government
Bond,
17.95%,
06/25/2032
Annual
06/25/2032
NGN
3,150,000‌
$
—‌
$
—‌
$
(76‌)
Citigroup
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Nigeria
Government
Bond,
18.5%,
02/25/2031
Annual
02/25/2031
4,100,000‌
—‌
65‌
—‌
Citigroup
Inc
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
04/14/2026
Annual
04/14/2026
5,150,000‌
—‌
266‌
—‌
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
88
Total
Return
Swaps
(continued)
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Premiums
Paid/
(Received)
Value
and
Unrealized
Appreciation/
(Depreciation)
Asset
 Liability
Citigroup
Inc
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
05/05/2026
Annual
05/05/2026
NGN
1,166,350‌
$
—‌
$
57‌
$
—‌
HSBC
Securities
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Zambia
Government
Bond,
13.00%,
12/18/2027
Annual
12/20/2027
ZMW
41,050‌
—‌
688‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.75%
Egypt
Treasury
Bill,
0.00%,
03/17/2026
Annual
03/17/2026
EGP
60,800‌
—‌
49‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.00%
Egypt
Treasury
Bill,
0.00%,
06/23/2026
Annual
06/23/2026
179,100‌
—‌
125‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.75%
Egypt
Treasury
Bill,
0.00%,
09/15/2026
Annual
09/15/2026
68,200‌
—‌
52‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
02/03/2026
Annual
02/03/2026
NGN
1,100,000‌
—‌
60‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
03/10/2026
Annual
03/10/2026
2,076,000‌
—‌
119‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.85%
Nigeria
OMO
Bill,
0.00%,
04/21/2026
Annual
04/21/2026
1,650,000‌
—‌
117‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.75%
Nigeria
OMO
Bill,
0.00%,
04/28/2026
Annual
04/28/2026
1,000,000‌
—‌
29‌
—‌
Total
$
—‌
$
1,627‌
$
(76‌)
Amounts
in
thousands.
Schedule
of
Investments
Global
Emerging
Markets
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
89
INVESTMENT
COMPANIES
-
2
.01
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.01
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
1,706,906‌
$
1,707‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
133,276,431‌
133,276‌
$
134,983‌
TOTAL
INVESTMENT
COMPANIES
$
134,983‌
COMMON
STOCKS
-
96
.45
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
1
.86
%
CSG
NV
(d)
206,558‌
$
7,481‌
Korea
Aerospace
Industries
Ltd
665,369‌
77,548‌
LIG
Nex1
Co
Ltd
118,934‌
39,671‌
$
124,700‌
Automobile
Manufacturers
-
1
.66
%
BYD
Co
Ltd
5,604,200‌
69,867‌
Mahindra
&
Mahindra
Ltd
1,098,918‌
41,033‌
$
110,900‌
Automobile
Parts
&
Equipment
-
0
.67
%
Weichai
Power
Co
Ltd
13,093,710‌
44,647‌
Banks
-
14
.18
%
Asia
Commercial
Bank
JSC
16,697,900‌
15,552‌
Credicorp
Ltd
330,681‌
117,997‌
Grupo
Financiero
Banorte
SAB
de
CV
6,667,500‌
75,168‌
HDFC
Bank
Ltd
14,759,991‌
149,242‌
ICICI
Bank
Ltd
9,815,550‌
144,707‌
IDFC
First
Bank
Ltd
66,893,373‌
60,863‌
National
Bank
of
Greece
SA
3,274,095‌
57,803‌
Piraeus
Bank
SA
(d)
8,044,869‌
81,151‌
Powszechna
Kasa
Oszczednosci
Bank
Polski
SA
3,528,235‌
91,772‌
PT
Bank
Central
Asia
Tbk
196,540,300‌
86,841‌
Saudi
National
Bank/The
828,219‌
9,902‌
Vietnam
Technological
&
Commercial
Joint
Stock
Bank
42,710,700‌
59,152‌
$
950,150‌
Beverages
-
1
.80
%
Arca
Continental
SAB
de
CV
(e)
5,309,900‌
59,811‌
Varun
Beverages
Ltd
11,842,672‌
60,662‌
$
120,473‌
Biotechnology
-
1
.04
%
BeOne
Medicines
Ltd
(d)
1,342,300‌
35,400‌
Structure
Therapeutics
Inc
ADR
(d)
390,796‌
34,566‌
$
69,966‌
Building
Materials
-
2
.27
%
Cemex
SAB
de
CV
42,425,714‌
52,729‌
UltraTech
Cement
Ltd
518,394‌
71,648‌
Voltas
Ltd
1,918,692‌
27,734‌
$
152,111‌
Commercial
Services
-
0
.65
%
JSW
Infrastructure
Ltd
15,578,214‌
43,864‌
Computers
-
1
.04
%
Elm
Co
81,534‌
16,864‌
Globant
SA
(d)
789,763‌
52,819‌
$
69,683‌
Diversified
Financial
Services
-
3
.62
%
Bajaj
Finance
Ltd
4,076,941‌
41,248‌
Banco
BTG
Pactual
SA
9,447,450‌
107,279‌
Hong
Kong
Exchanges
&
Clearing
Ltd
1,702,200‌
93,844‌
$
242,371‌
Electric
-
0
.18
%
Emirates
Central
Cooling
Systems
Corp
25,425,465‌
12,184‌
Electrical
Components
&
Equipment
-
1
.82
%
Delta
Electronics
Inc
3,197,000‌
122,005‌
Electronics
-
1
.15
%
E
Ink
Holdings
Inc
7,398,000‌
41,127‌
Voltronic
Power
Technology
Corp
1,340,000‌
35,992‌
$
77,119‌
Engineering
&
Construction
-
0
.53
%
Cury
Construtora
e
Incorporadora
SA
5,445,900‌
35,794‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Food
-
0
.50
%
Bid
Corp
Ltd
(e)
849,657‌
$
21,227‌
LT
Foods
Ltd
3,003,544‌
12,212‌
$
33,439‌
Forest
Products
&
Paper
-
0
.73
%
Suzano
SA
5,242,600‌
49,101‌
Healthcare
-
Products
-
0
.54
%
Jiangsu
Yuyue
Medical
Equipment
&
Supply
Co
Ltd
6,340,529‌
36,350‌
Healthcare
-
Services
-
1
.00
%
Dr
Sulaiman
Al
Habib
Medical
Services
Group
Co
957,574‌
66,783‌
Home
Furnishings
-
0
.51
%
Anker
Innovations
Technology
Co
Ltd
2,383,930‌
34,109‌
Insurance
-
4
.40
%
AIA
Group
Ltd
14,205,800‌
163,899‌
Bupa
Arabia
for
Cooperative
Insurance
Co
1,567,300‌
68,853‌
Max
Financial
Services
Ltd
(d)
3,542,811‌
62,181‌
$
294,933‌
Internet
-
12
.37
%
Alibaba
Group
Holding
Ltd
10,082,424‌
214,489‌
Grab
Holdings
Ltd
(d)
14,246,396‌
61,259‌
Meituan
(d),(f)
2,456,600‌
30,370‌
MercadoLibre
Inc
(d)
40,719‌
87,456‌
Tencent
Holdings
Ltd
4,398,200‌
338,054‌
Trip.com
Group
Ltd
1,583,148‌
97,167‌
$
828,795‌
Iron
&
Steel
-
0
.00
%
Severstal
PAO
(d)
31,471‌
—‌
Lodging
-
2
.36
%
Atour
Lifestyle
Holdings
Ltd
ADR
841,355‌
30,070‌
H
World
Group
Ltd
13,594,500‌
65,291‌
Indian
Hotels
Co
Ltd/The
8,575,415‌
62,908‌
$
158,269‌
Machinery
-
Diversified
-
0
.99
%
WEG
SA
6,684,200‌
66,070‌
Metal
Fabrication
&
Hardware
-
0
.76
%
APL
Apollo
Tubes
Ltd
2,292,354‌
50,977‌
Mining
-
3
.10
%
Anglogold
Ashanti
Plc
515,312‌
46,454‌
Impala
Platinum
Holdings
Ltd
4,948,138‌
92,230‌
Polyus
PJSC
(d)
3,430‌
—‌
Teck
Resources
Ltd
1,285,307‌
69,098‌
$
207,782‌
Miscellaneous
Manufacturers
-
0
.28
%
Escorts
Kubota
Ltd
507,415‌
18,690‌
Oil
&
Gas
-
3
.21
%
ADNOC
Drilling
Co
PJSC
32,220,312‌
46,778‌
PRIO
SA/Brazil
(d)
3,960,000‌
38,270‌
Reliance
Industries
Ltd
8,554,195‌
129,980‌
$
215,028‌
Pharmaceuticals
-
1
.26
%
Caplin
Point
Laboratories
Ltd
706,878‌
13,659‌
Hansoh
Pharmaceutical
Group
Co
Ltd
(f)
5,938,000‌
29,264‌
Richter
Gedeon
Nyrt
1,023,765‌
34,252‌
Simcere
Pharmaceutical
Group
Ltd
(f)
5,041,000‌
7,547‌
$
84,722‌
Pipelines
-
0
.76
%
Gaztransport
Et
Technigaz
SA
237,677‌
51,207‌
Real
Estate
-
0
.42
%
China
Resources
Land
Ltd
7,191,000‌
28,161‌
Retail
-
2
.73
%
BBB
Foods
Inc
(d)
403,139‌
14,065‌
CP
ALL
PCL
14,746,400‌
20,330‌
Jumbo
SA
1,447,662‌
42,925‌
Yum
China
Holdings
Inc
2,130,550‌
105,937‌
$
183,257‌
Schedule
of
Investments
Global
Emerging
Markets
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
90
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
-
24
.36
%
ASML
Holding
NV
-
NY
Reg
Shares
78,744‌
$
112,053‌
MediaTek
Inc
598,000‌
33,172‌
Samsung
Electronics
Co
Ltd
3,294,031‌
363,907‌
SK
hynix
Inc
375,169‌
234,247‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
16,076,685‌
888,975‌
$
1,632,354‌
Software
-
1
.03
%
NetEase
Inc
2,648,125‌
68,666‌
Telecommunications
-
1
.68
%
Accton
Technology
Corp
1,399,000‌
48,914‌
Xiaomi
Corp
(d),(f)
14,098,400‌
63,817‌
$
112,731‌
Water
-
0
.99
%
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
2,480,757‌
66,531‌
TOTAL
COMMON
STOCKS
$
6,463,922‌
CONVERTIBLE
PREFERRED
STOCKS
-
0
.21
%
Shares
Held
Value
(000's)
Metal
Fabrication
&
Hardware
-
0
.21
%
JSW
One
Platforms
Ltd
0.00%
(d),(g),(h)
1,820‌
$
14,129‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
14,129‌
PREFERRED
STOCKS
-
1
.73
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.45
%
Hyundai
Motor
Co
10,100.00%
159,874‌
$
30,195‌
Oil
&
Gas
-
1
.28
%
Petroleo
Brasileiro
SA
-
Petrobras
1.19%
11,990,300‌
85,825‌
TOTAL
PREFERRED
STOCKS
$
116,020‌
Total
Investments
$
6,729,054‌
Other
Assets
and
Liabilities
-  (0.40)%
(
27,119‌
)
TOTAL
NET
ASSETS
-
100.00%
$
6,701,935‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$16,627
or
0.25%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$15,421
or
0.23%
of
net
assets.
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$130,998
or
1.95%
of
net
assets.
(g)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(h)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
245,061‌
$
741,386‌
$
853,171‌
$
133,276‌
$
245,061‌
$
741,386‌
$
853,171‌
$
133,276‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
819‌
$
—‌
$
—‌
$
—‌
$
819‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
JSW
One
Platforms
Ltd  
0.00%
05/08/2025-06/16/2025
$
11,986‌
$
14,129‌
0.21%
Total
$
14,129‌
0.21%
Amounts
in
thousands.
Schedule
of
Investments
Global
Real
Estate
Securities
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
91
INVESTMENT
COMPANIES
-
1
.19
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.19
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
2‌
$
—‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(c)
19,624,505‌
19,625‌
$
19,625‌
TOTAL
INVESTMENT
COMPANIES
$
19,625‌
COMMON
STOCKS
-
98
.79
%
Shares
Held
Value
(000's)
Engineering
&
Construction
-
0
.64
%
Keppel
Ltd
1,224,100‌
$
10,531‌
Healthcare
-
Services
-
0
.48
%
Chartwell
Retirement
Residences
531,610‌
7,894‌
Lodging
-
1
.24
%
Hilton
Worldwide
Holdings
Inc
34,266‌
10,229‌
Hyatt
Hotels
Corp
64,874‌
10,144‌
$
20,373‌
Private
Equity
-
0
.51
%
CapitaLand
Investment
Ltd/Singapore
3,481,100‌
8,428‌
Real
Estate
-
12
.22
%
City
Developments
Ltd
1,347,000‌
9,815‌
CTP
NV
(d)
311,142‌
6,783‌
Fastighets
AB
Balder
(e)
2,491,979‌
18,796‌
Jones
Lang
LaSalle
Inc
(e)
28,260‌
10,114‌
LEG
Immobilien
SE
233,860‌
16,910‌
Mitsubishi
Estate
Co
Ltd
1,612,300‌
41,091‌
Mitsui
Fudosan
Co
Ltd
1,489,479‌
17,080‌
Sumitomo
Realty
&
Development
Co
Ltd
728,300‌
20,281‌
Sun
Hung
Kai
Properties
Ltd
1,702,000‌
27,332‌
Swire
Properties
Ltd
4,570,600‌
13,854‌
TAG
Immobilien
AG
662,041‌
11,232‌
Wharf
Real
Estate
Investment
Co
Ltd
2,221,000‌
7,711‌
$
200,999‌
REITs
-
82
.58
%
Advance
Residence
Investment
Corp
6,062‌
6,579‌
Agree
Realty
Corp
204,481‌
14,770‌
American
Healthcare
REIT
Inc
364,678‌
17,107‌
American
Homes
4
Rent
1,021,658‌
31,998‌
American
Tower
Corp
104,057‌
18,655‌
AvalonBay
Communities
Inc
295,385‌
52,481‌
British
Land
Co
PLC/The
3,743,107‌
21,350‌
Canadian
Apartment
Properties
REIT
390,351‌
11,054‌
CapitaLand
Integrated
Commercial
Trust
9,158,100‌
17,193‌
Centurion
Accommodation
Reit
(e)
5,603,369‌
4,926‌
COPT
Defense
Properties
246,243‌
7,587‌
Cousins
Properties
Inc
562,999‌
14,210‌
Curbline
Properties
Corp
1,087,235‌
26,365‌
Daiwa
House
REIT
Investment
Corp
11,474‌
9,998‌
Digital
Realty
Trust
Inc
196,665‌
32,637‌
EastGroup
Properties
Inc
134,668‌
24,461‌
Empire
State
Realty
Trust
Inc
1,016,769‌
6,741‌
Equinix
Inc
121,338‌
99,610‌
Equity
LifeStyle
Properties
Inc
315,445‌
19,927‌
Essex
Property
Trust
Inc
106,893‌
26,923‌
Extra
Space
Storage
Inc
451,553‌
62,301‌
Gaming
and
Leisure
Properties
Inc
459,260‌
20,552‌
GLP
J-Reit
10,491‌
9,644‌
Goodman
Group
3,158,681‌
67,102‌
Healthpeak
Properties
Inc
1,256,422‌
21,661‌
Invincible
Investment
Corp
15,437‌
6,538‌
Invitation
Homes
Inc
1,206,741‌
32,256‌
Iron
Mountain
Inc
191,973‌
17,686‌
Japan
Real
Estate
Investment
Corp
969‌
782‌
Keppel
DC
REIT
3,862,971‌
6,922‌
Kilroy
Realty
Corp
327,079‌
11,278‌
Klepierre
SA
391,835‌
15,095‌
Merlin
Properties
Socimi
SA
1,174,942‌
17,487‌
Mitsui
Fudosan
Accommodations
Fund
Inc
5,097‌
4,557‌
Nippon
Building
Fund
Inc
16,374‌
15,188‌
Nippon
Prologis
REIT
Inc
18,922‌
11,041‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Prologis
Inc
599,638‌
$
78,289‌
Prologis
Property
Mexico
SA
de
CV
1,018,077‌
4,666‌
Regency
Centers
Corp
579,251‌
42,210‌
Rexford
Industrial
Realty
Inc
720,884‌
29,217‌
Ryman
Hospitality
Properties
Inc
116,712‌
11,053‌
Sabra
Health
Care
REIT
Inc
1,353,617‌
25,353‌
Safestore
Holdings
PLC
1,138,477‌
12,938‌
Saul
Centers
Inc
56,994‌
1,808‌
Scentre
Group
7,140,810‌
20,237‌
Segro
PLC
884,410‌
9,214‌
Sekisui
House
Reit
Inc
17,916‌
10,521‌
Simon
Property
Group
Inc
142,888‌
27,336‌
Stockland
6,221,672‌
23,279‌
Unibail-Rodamco-Westfield
(e)
474,207‌
52,431‌
UNITE
Group
PLC/The
1,444,269‌
11,233‌
Ventas
Inc
929,411‌
72,187‌
Vornado
Realty
Trust
365,297‌
11,646‌
Warehouses
De
Pauw
CVA
494,498‌
14,012‌
Welltower
Inc
615,831‌
115,998‌
$
1,358,290‌
Telecommunications
-
0
.79
%
NEXTDC
Ltd
(e)
1,404,733‌
12,979‌
Transportation
-
0
.33
%
East
Japan
Railway
Co
214,900‌
5,395‌
TOTAL
COMMON
STOCKS
$
1,624,889‌
Total
Investments
$
1,644,514‌
Other
Assets
and
Liabilities
-  0.02%
252‌
TOTAL
NET
ASSETS
-
100.00%
$
1,644,766‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$0
or
0.00%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$6,783
or
0.41%
of
net
assets.
(e)
Non-income
producing
security
Schedule
of
Investments
Global
Real
Estate
Securities
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
92
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
20,825‌
$
101,589‌
$
102,789‌
$
19,625‌
$
20,825‌
$
101,589‌
$
102,789‌
$
19,625‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
149‌
$
—‌
$
—‌
$
—‌
$
149‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
93
INVESTMENT
COMPANIES
-
0
.32
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.32
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
1,958,937‌
$
1,959‌
TOTAL
INVESTMENT
COMPANIES
$
1,959‌
BONDS
-
13
.11
%
Principal
Amount
(000's)
Value
(000's)
Automobile
Asset
Backed
Securities
-
4
.33
%
BofA
Auto
Trust
2025-1
4.25%,
11/22/2027
(c)
$
1,135‌
$
1,136‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.55%
Capital
One
Prime
Auto
Receivables
Trust
2025-1
3.88%,
01/16/2029
2,010‌
2,011‌
Carmax
Auto
Owner
Trust
2024-3
5.21%,
09/15/2027
861‌
862‌
Chase
Auto
Owner
Trust
2024-4
5.25%,
09/27/2027
(c)
64‌
64‌
Drive
Auto
Receivables
Trust
2025-1
4.87%,
08/15/2028
2,032‌
2,035‌
GM
Financial
Automobile
Leasing
Trust
2024-3
4.17%,
01/20/2027
1,290‌
1,291‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.47%
Mercedes-Benz
Auto
Lease
Trust
2024-A
5.44%,
02/16/2027
385‌
386‌
Santander
Drive
Auto
Receivables
Trust
2024-1
5.25%,
04/17/2028
264‌
264‌
Santander
Drive
Auto
Receivables
Trust
2025-1
4.76%,
08/16/2027
115‌
115‌
Santander
Drive
Auto
Receivables
Trust
2025-2
4.71%,
06/15/2028
2,346‌
2,349‌
Santander
Drive
Auto
Receivables
Trust
2025-3
4.63%,
10/16/2028
5,289‌
5,303‌
Santander
Drive
Auto
Receivables
Trust
2025-4
4.28%,
01/15/2029
3,935‌
3,943‌
Wheels
Fleet
Lease
Funding
1
LLC
4.99%,
01/18/2040
(c)
6,877‌
6,886‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.67%
$
26,645‌
Mortgage
Backed
Securities
-
8
.78
%
Citigroup
Mortgage
Loan
Trust
2015-PS1
5.25%,
09/25/2042
(c),(d)
1,992‌
1,998‌
CSMC
Trust
2015-1
3.88%,
01/25/2045
(c),(d)
1,976‌
1,932‌
Fannie
Mae
Interest
Strip
3.50%,
12/25/2043
(d),(e)
1,156‌
152‌
Fannie
Mae
REMICS
2.12%,
06/25/2045
(e)
3,066‌
226‌
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.00%
2.19%,
09/25/2046
(e)
9,233‌
998‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
2.19%,
10/25/2049
(e)
10,027‌
1,234‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
2.19%,
05/25/2050
(e)
10,534‌
1,194‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
2.24%,
08/25/2049
(e)
15,562‌
1,724‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.24%,
09/25/2049
(e)
4,380‌
543‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.24%,
11/25/2049
(e)
7,388‌
812‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Fannie
Mae
REMICS
(continued)
2.26%,
06/25/2050
(e)
$
7,186‌
$
835‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.96%
2.34%,
09/25/2047
(e)
14,040‌
1,630‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.04%
2.50%,
02/25/2028
(e)
771‌
14‌
2.89%,
12/25/2042
(e)
5,501‌
744‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.59%
3.00%,
07/25/2032
(e)
2,033‌
101‌
3.00%,
10/25/2040
(e)
496‌
7‌
3.00%,
04/25/2042
266‌
263‌
3.00%,
05/25/2048
647‌
578‌
3.00%,
01/25/2051
(e)
10,192‌
1,799‌
3.50%,
02/25/2036
(e)
1,531‌
111‌
3.50%,
02/25/2043
(e)
202‌
2‌
3.50%,
02/25/2043
70‌
70‌
3.50%,
07/25/2043
(e)
2,064‌
113‌
7.00%,
04/25/2032
169‌
176‌
Freddie
Mac
REMICS
2.24%,
09/25/2049
(e)
13,952‌
1,559‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.24%,
10/25/2049
(e)
11,201‌
1,298‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.24%,
11/25/2049
(e)
4,957‌
546‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.24%,
03/25/2050
(e)
8,226‌
952‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
2.29%,
08/25/2050
(e)
6,888‌
936‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.99%
3.00%,
04/15/2046
699‌
654‌
4.00%,
11/15/2042
(e)
985‌
130‌
6.50%,
08/15/2027
4‌
4‌
Ginnie
Mae
2.31%,
03/20/2044
(e)
3,596‌
421‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
2.31%,
06/20/2046
(e)
1,665‌
196‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
2.31%,
08/20/2047
(e)
8,809‌
1,054‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
2.41%,
10/20/2045
(e)
3,769‌
445‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
2.41%,
11/20/2047
(e)
2,735‌
338‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
2.51%,
08/20/2050
(e)
9,823‌
1,356‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.51%,
07/20/2051
(e)
6,950‌
931‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.51%,
08/20/2051
(e)
8,428‌
1,149‌
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
2.55%,
09/20/2050
(e)
6,199‌
903‌
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.25%
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
94
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Ginnie
Mae
(continued)
3.00%,
07/20/2050
(e)
$
5,625‌
$
895‌
3.00%,
11/20/2050
(e)
10,362‌
1,774‌
3.00%,
11/20/2050
(e)
15,449‌
2,607‌
3.00%,
12/20/2050
(e)
6,496‌
1,108‌
3.50%,
10/20/2049
(e)
9,486‌
1,809‌
4.00%,
04/20/2044
(e)
867‌
44‌
4.00%,
01/20/2046
(e)
642‌
25‌
JP
Morgan
Mortgage
Trust
2016-4
3.50%,
10/25/2046
(c),(d)
541‌
495‌
New
Residential
Mortgage
Loan
Trust
2015-2
5.25%,
08/25/2055
(c),(d)
2,005‌
2,007‌
NRP
Mortgage
Trust
2013-1
3.28%,
07/25/2043
(c),(d)
1,516‌
1,146‌
Sequoia
Mortgage
Trust
2013-2
3.64%,
02/25/2043
(d)
527‌
521‌
Sequoia
Mortgage
Trust
2017-3
3.76%,
04/25/2047
(c),(d)
1,543‌
1,475‌
Sequoia
Mortgage
Trust
2017-5
3.50%,
08/25/2047
(c),(d)
163‌
149‌
Sequoia
Mortgage
Trust
2024-5
6.00%,
06/25/2054
(c),(d)
1,464‌
1,466‌
Sequoia
Mortgage
Trust
2025-HYB1
5.06%,
10/25/2055
(c),(d)
8,409‌
8,413‌
$
54,062‌
TOTAL
BONDS
$
80,707‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
91
.53
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
3
.24
%
3.00%,
05/01/2043
$
854‌
$
791‌
3.00%,
07/01/2045
2,159‌
1,991‌
3.00%,
10/01/2046
3,229‌
2,971‌
3.50%,
08/01/2043
1,598‌
1,521‌
3.50%,
02/01/2044
1,743‌
1,658‌
3.50%,
11/01/2046
1,444‌
1,367‌
4.00%,
12/01/2041
1,404‌
1,383‌
4.00%,
09/15/2042
430‌
419‌
4.00%,
10/01/2045
2,549‌
2,506‌
4.50%,
04/01/2041
1,473‌
1,482‌
5.00%,
12/01/2032
6‌
5‌
5.00%,
02/01/2033
76‌
77‌
5.00%,
01/01/2034
851‌
865‌
5.00%,
05/01/2034
18‌
19‌
5.00%,
07/01/2035
8‌
9‌
5.00%,
10/01/2035
2‌
2‌
5.00%,
11/01/2035
84‌
86‌
5.00%,
07/01/2044
714‌
732‌
5.00%,
03/01/2048
1,424‌
1,461‌
5.50%,
05/01/2033
1‌
1‌
5.50%,
10/01/2033
4‌
4‌
5.50%,
12/01/2033
70‌
71‌
5.50%,
07/01/2037
4‌
5‌
5.50%,
04/01/2038
2‌
2‌
5.50%,
05/01/2038
9‌
9‌
6.00%,
06/01/2028
1‌
1‌
6.00%,
05/01/2031
15‌
16‌
6.00%,
10/01/2031
1‌
1‌
6.00%,
02/01/2032
3‌
3‌
6.00%,
11/01/2033
105‌
108‌
6.00%,
09/01/2034
15‌
16‌
6.00%,
02/01/2035
8‌
9‌
6.00%,
10/01/2036
12‌
12‌
6.00%,
03/01/2037
33‌
35‌
6.00%,
05/01/2037
44‌
47‌
6.00%,
03/01/2038
18‌
18‌
6.00%,
04/01/2038
12‌
13‌
6.00%,
07/01/2038
48‌
50‌
6.00%,
10/01/2038
22‌
23‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
6.50%,
03/01/2029
$
4‌
$
4‌
6.50%,
04/01/2031
15‌
16‌
6.50%,
10/01/2031
11‌
12‌
6.50%,
02/01/2032
2‌
2‌
6.50%,
04/01/2032
1‌
1‌
7.00%,
01/01/2028
1‌
1‌
7.00%,
06/01/2029
9‌
10‌
7.00%,
04/01/2031
8‌
8‌
7.00%,
10/01/2031
15‌
15‌
7.00%,
04/01/2032
33‌
35‌
7.50%,
12/01/2030
1‌
1‌
7.50%,
02/01/2031
1‌
1‌
8.50%,
07/01/2029
30‌
31‌
$
19,926‌
Federal
National
Mortgage
Association
(FNMA)
-
0
.06
%
5.50%,
05/01/2033
28‌
28‌
6.00%,
01/01/2032
19‌
19‌
6.00%,
04/01/2033
41‌
41‌
6.00%,
09/01/2034
111‌
113‌
6.11%,
12/01/2033
10‌
10‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.70%
6.50%,
06/01/2031
17‌
17‌
6.50%,
11/01/2032
112‌
114‌
6.50%,
11/01/2032
26‌
26‌
7.00%,
08/01/2028
6‌
6‌
7.00%,
12/01/2028
8‌
8‌
7.00%,
07/01/2029
6‌
6‌
7.00%,
07/01/2032
4‌
4‌
$
392‌
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
62
.66
%
2.00%,
11/01/2051
8,841‌
7,303‌
2.00%,
12/01/2051
11,300‌
9,281‌
2.00%,
12/01/2051
15,050‌
12,451‌
2.00%,
01/01/2052
12,197‌
10,056‌
2.00%,
01/01/2052
9,956‌
8,251‌
2.00%,
02/01/2052
9,585‌
7,970‌
2.00%,
03/01/2052
10,838‌
8,861‌
2.50%,
10/01/2050
9,782‌
8,390‌
2.50%,
02/01/2051
6,529‌
5,681‌
2.50%,
07/01/2051
9,755‌
8,446‌
2.50%,
10/01/2051
10,401‌
8,899‌
2.50%,
11/01/2051
4,925‌
4,270‌
2.50%,
12/01/2051
11,048‌
9,685‌
2.50%,
04/01/2052
3,058‌
2,606‌
2.50%,
10/01/2053
2,083‌
1,783‌
3.00%,
01/01/2046
2,011‌
1,849‌
3.00%,
07/01/2046
2,237‌
2,041‌
3.00%,
10/01/2046
2,670‌
2,443‌
3.00%,
12/01/2046
2,859‌
2,608‌
3.00%,
08/01/2050
3,631‌
3,248‌
3.00%,
09/01/2050
5,835‌
5,222‌
3.50%,
06/01/2042
783‌
746‌
3.50%,
11/01/2042
1,455‌
1,389‌
3.50%,
02/01/2043
718‌
687‌
3.50%,
05/01/2043
1,062‌
1,014‌
3.50%,
03/01/2045
1,582‌
1,508‌
3.50%,
11/01/2048
5,265‌
5,009‌
3.50%,
12/01/2049
834‌
792‌
4.00%,
03/01/2043
907‌
890‌
4.00%,
08/01/2044
1,246‌
1,226‌
4.00%,
11/01/2044
1,033‌
1,016‌
4.00%,
08/01/2045
1,845‌
1,814‌
4.00%,
08/01/2046
2,943‌
2,870‌
4.00%,
07/01/2047
2,700‌
2,651‌
4.00%,
02/01/2048
2,396‌
2,348‌
4.00%,
07/01/2052
2,352‌
2,253‌
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
95
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
4.00%,
07/01/2053
$
6,842‌
$
6,573‌
4.00%,
03/01/2056
(f)
6,100‌
5,819‌
4.50%,
08/01/2039
794‌
798‌
4.50%,
10/01/2044
1,105‌
1,100‌
4.50%,
12/01/2044
2,434‌
2,447‌
4.50%,
05/01/2045
1,098‌
1,104‌
4.50%,
09/01/2045
1,477‌
1,482‌
4.50%,
10/01/2045
2,124‌
2,135‌
4.50%,
11/01/2045
3,005‌
3,013‌
4.50%,
06/01/2052
4,195‌
4,153‌
4.50%,
08/01/2052
4,394‌
4,338‌
4.50%,
08/01/2052
4,304‌
4,257‌
4.50%,
10/01/2052
7,405‌
7,288‌
4.50%,
11/01/2053
2,871‌
2,818‌
4.50%,
01/01/2054
4,271‌
4,224‌
4.50%,
03/01/2056
(f)
7,000‌
6,849‌
5.00%,
04/01/2035
51‌
52‌
5.00%,
05/01/2035
17‌
17‌
5.00%,
07/01/2035
6‌
6‌
5.00%,
02/01/2038
580‌
595‌
5.00%,
03/01/2038
358‌
368‌
5.00%,
02/01/2040
1,829‌
1,892‌
5.00%,
05/01/2040
719‌
737‌
5.00%,
07/01/2040
365‌
373‌
5.00%,
07/01/2041
1,972‌
2,021‌
5.00%,
02/01/2044
1,020‌
1,045‌
5.00%,
06/01/2044
849‌
871‌
5.00%,
05/01/2048
1,574‌
1,613‌
5.00%,
09/01/2052
3,948‌
3,999‌
5.00%,
04/01/2053
13,475‌
13,525‌
5.00%,
06/01/2053
11,120‌
11,161‌
5.00%,
06/01/2054
1,531‌
1,544‌
5.00%,
11/01/2054
2,036‌
2,057‌
5.00%,
11/01/2054
5,228‌
5,264‌
5.00%,
11/01/2054
4,566‌
4,567‌
5.00%,
01/01/2055
4,251‌
4,280‌
5.00%,
02/01/2055
2,926‌
2,951‌
5.50%,
07/01/2033
137‌
140‌
5.50%,
12/01/2037
276‌
285‌
5.50%,
03/01/2038
62‌
64‌
5.50%,
07/01/2053
4,798‌
4,929‌
5.50%,
11/01/2053
5,560‌
5,720‌
5.50%,
11/01/2053
5,411‌
5,554‌
5.50%,
03/01/2054
3,827‌
3,897‌
5.50%,
05/01/2054
4,236‌
4,352‌
5.50%,
10/01/2054
7,101‌
7,296‌
5.50%,
02/01/2055
9,458‌
9,695‌
5.50%,
04/01/2055
4,236‌
4,348‌
5.50%,
06/01/2055
2,503‌
2,565‌
5.50%,
06/01/2055
3,653‌
3,746‌
5.50%,
08/01/2055
4,169‌
4,279‌
5.50%,
08/01/2055
9,549‌
9,753‌
5.50%,
10/01/2055
6,371‌
6,505‌
6.00%,
03/01/2029
5‌
5‌
6.00%,
11/01/2032
4‌
4‌
6.00%,
11/01/2037
9‌
9‌
6.00%,
02/01/2038
26‌
27‌
6.00%,
03/01/2038
22‌
24‌
6.00%,
04/01/2039
104‌
109‌
6.00%,
04/01/2054
4,700‌
4,899‌
6.00%,
05/01/2054
4,330‌
4,507‌
6.00%,
06/01/2054
3,172‌
3,301‌
6.00%,
08/01/2054
6,746‌
6,975‌
6.00%,
09/01/2054
3,099‌
3,229‌
6.00%,
09/01/2054
5,265‌
5,483‌
6.00%,
11/01/2054
2,717‌
2,823‌
6.50%,
08/01/2028
1‌
1‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
6.50%,
03/01/2029
$
5‌
$
5‌
6.50%,
06/01/2031
34‌
35‌
6.50%,
12/01/2031
1‌
1‌
6.50%,
04/01/2032
3‌
3‌
6.50%,
08/01/2032
20‌
21‌
6.50%,
02/01/2033
27‌
28‌
6.50%,
04/01/2036
1‌
1‌
6.50%,
08/01/2036
13‌
14‌
6.50%,
08/01/2036
5‌
6‌
6.50%,
10/01/2036
9‌
10‌
6.50%,
11/01/2036
5‌
5‌
6.50%,
07/01/2037
7‌
8‌
6.50%,
08/01/2037
98‌
104‌
6.50%,
08/01/2037
10‌
10‌
6.50%,
02/01/2038
9‌
10‌
6.50%,
05/01/2054
3,001‌
3,142‌
6.50%,
04/01/2055
2,605‌
2,742‌
7.00%,
11/01/2031
22‌
23‌
7.50%,
08/01/2032
3‌
3‌
$
385,588‌
Government
National
Mortgage
Association
(GNMA)
-
24
.40
%
2.00%,
08/20/2050
3,337‌
2,779‌
2.00%,
02/20/2051
6,329‌
5,268‌
2.50%,
06/20/2050
11,076‌
9,600‌
2.50%,
09/20/2051
3,352‌
2,905‌
3.00%,
02/20/2047
2,252‌
2,062‌
3.00%,
12/20/2051
2,352‌
2,127‌
3.50%,
06/20/2043
1,582‌
1,460‌
3.50%,
10/20/2047
1,370‌
1,273‌
4.00%,
09/15/2041
1,856‌
1,801‌
4.00%,
03/15/2044
1,135‌
1,098‌
4.00%,
10/20/2052
4,156‌
3,964‌
4.50%,
05/20/2052
4,346‌
4,279‌
4.50%,
09/20/2052
5,157‌
5,075‌
4.50%,
03/20/2053
2,895‌
2,845‌
4.50%,
10/20/2054
1,213‌
1,186‌
4.50%,
11/20/2054
16,423‌
16,055‌
4.50%,
02/20/2056
(f)
15,150‌
14,792‌
5.00%,
12/20/2052
7,109‌
7,137‌
5.00%,
04/20/2053
11,607‌
11,649‌
5.00%,
05/20/2053
5,487‌
5,515‌
5.00%,
09/20/2053
4,577‌
4,596‌
5.00%,
10/20/2053
4,689‌
4,706‌
5.00%,
02/20/2054
2,061‌
2,069‌
5.00%,
04/20/2054
6,503‌
6,519‌
5.00%,
02/20/2056
(f)
6,435‌
6,433‌
5.50%,
07/20/2033
231‌
238‌
5.50%,
03/20/2034
256‌
265‌
5.50%,
05/20/2035
26‌
27‌
5.50%,
03/20/2053
5,316‌
5,423‌
5.50%,
06/20/2053
4,692‌
4,768‌
5.50%,
08/20/2053
10,897‌
11,117‌
5.50%,
02/20/2056
(f)
625‌
632‌
6.00%,
10/20/2028
1‌
—‌
6.00%,
02/20/2029
7‌
7‌
6.00%,
02/15/2033
4‌
4‌
6.00%,
07/20/2033
188‌
196‌
6.00%,
08/15/2038
23‌
24‌
6.50%,
10/20/2028
1‌
1‌
6.50%,
03/20/2031
10‌
11‌
6.50%,
04/20/2031
8‌
9‌
6.50%,
10/15/2031
3‌
3‌
6.50%,
07/15/2032
1‌
1‌
6.50%,
05/20/2034
151‌
158‌
7.00%,
10/15/2027
2‌
2‌
7.00%,
04/15/2028
1‌
1‌
7.00%,
06/15/2028
19‌
19‌
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
96
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
7.00%,
12/15/2028
$
6‌
$
6‌
7.00%,
01/15/2029
8‌
8‌
7.00%,
03/15/2029
8‌
8‌
7.00%,
04/15/2029
19‌
19‌
7.00%,
05/15/2031
1‌
1‌
7.50%,
08/15/2029
4‌
4‌
7.50%,
10/15/2029
7‌
7‌
8.00%,
12/15/2030
1‌
1‌
$
150,153‌
U.S.
Treasury
Bill
-
1
.17
%
3.59%,
02/17/2026
(g)
7,230‌
7,219‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
563,278‌
Total
Investments
$
645,944‌
Other
Assets
and
Liabilities
-  (4.96)%
(
30,530‌
)
TOTAL
NET
ASSETS
-
100.00%
$
615,414‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$27,167
or
4.41%
of
net
assets.
(d)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(e)
Security
is
an
Interest
Only
Strip.
(f)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(g)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
11,601‌
$
35,183‌
$
44,825‌
$
1,959‌
$
11,601‌
$
35,183‌
$
44,825‌
$
1,959‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
43‌
$
—‌
$
—‌
$
—‌
$
43‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Treasury
Note;
March
2026
Short
207‌
$
23,148‌
$
131‌
US
2
Year
Treasury
Note;
March
2026
Short
159‌
33,150‌
32‌
US
5
Year
Treasury  Note;
March
2026
Short
306‌
33,333‌
130‌
US
Long
Bond;
March
2026
Long
34‌
3,914‌
(
48‌
)
Total
$
245‌
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
97
INVESTMENT
COMPANIES
-
1
.35
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.35
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
4,105,319‌
$
4,105‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
83,949,875‌
83,950‌
$
88,055‌
TOTAL
INVESTMENT
COMPANIES
$
88,055‌
COMMON
STOCKS
-
0
.03
%
Shares
Held
Value
(000's)
Electric
-
0
.00
%
Vistra
Energy
Corp
-
Rights
(d),(e)
164,087‌
$
—‌
Healthcare
-
Services
-
0
.01
%
Sound
Inpatient
Physicians
Inc
-
Class
A
(d),(e)
3,870,585‌
692‌
Sound
Inpatient
Physicians
Inc
-
Class
A2
(d),(e)
173,273‌
173‌
$
865‌
Mining
-
0
.00
%
Arctic
Canadian
Diamond
Co
Ltd
(d),(e),(f)
5,247‌
220‌
Burgundy
Diamond
Mines
Ltd
(d),(e),(f)
6,531,458‌
—‌
$
220‌
Oil
&
Gas
-
0
.02
%
Mesquite
Energy
Inc
(d),(e)
15,341‌
1,087‌
Sabine
Oil
&
Gas
Holdings
Inc
(d),(e)
246‌
—‌
$
1,087‌
Retail
-
0
.00
%
Claire's
Holdings
LLC
(d),(e)
4,036‌
—‌
TOTAL
COMMON
STOCKS
$
2,172‌
BONDS
-
92
.43
%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0
.34
%
Dotdash
Meredith
Inc
7.63%,
06/15/2032
(g)
$
22,390‌
$
20,413‌
Neptune
Bidco
US
Inc
9.50%,
02/15/2033
(g)
1,605‌
1,634‌
$
22,047‌
Aerospace
&
Defense
-
1
.76
%
Bombardier
Inc
6.75%,
06/15/2033
(g)
2,910‌
3,057‌
7.00%,
06/01/2032
(g)
11,804‌
12,391‌
7.25%,
07/01/2031
(g)
13,761‌
14,610‌
7.50%,
02/01/2029
(g)
1,824‌
1,895‌
8.75%,
11/15/2030
(g)
20,773‌
22,262‌
TransDigm
Inc
6.00%,
01/15/2033
(g)
30,745‌
31,326‌
6.38%,
03/01/2029
(g)
14,100‌
14,499‌
6.63%,
03/01/2032
(g)
6,872‌
7,105‌
6.75%,
01/31/2034
(g)
6,748‌
6,984‌
7.13%,
12/01/2031
(g)
1,400‌
1,468‌
$
115,597‌
Airlines
-
1
.03
%
American
Airlines
2021-1
Class
B
Pass
Through
Trust
3.95%,
01/11/2032
2,367‌
2,274‌
American
Airlines
Inc
7.25%,
02/15/2028
(g)
91‌
93‌
8.50%,
05/15/2029
(g)
2,185‌
2,280‌
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.75%,
04/20/2029
(g)
8,871‌
8,963‌
Grupo
Aeromexico
SAB
de
CV
8.63%,
11/15/2031
(g),(h)
17,425‌
17,991‌
OneSky
Flight
LLC
8.88%,
12/15/2029
(g)
7,648‌
8,178‌
United
Airlines
2016-2
Class
A
Pass
Through
Trust
3.10%,
04/07/2030
54‌
52‌
United
Airlines
Holdings
Inc
5.38%,
03/01/2031
(i)
5,665‌
5,721‌
United
Airlines
Inc
4.38%,
04/15/2026
(g)
160‌
160‌
4.63%,
04/15/2029
(g)
21,835‌
21,815‌
$
67,527‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Apparel
-
0
.40
%
S&S
Holdings
LLC
8.38%,
10/01/2031
(g)
$
27,427‌
$
26,150‌
Automobile
Manufacturers
-
0
.48
%
Allison
Transmission
Inc
5.88%,
12/01/2033
(g)
13,745‌
13,940‌
Ford
Motor
Co
3.25%,
02/12/2032
4,134‌
3,672‌
Nissan
Motor
Co
Ltd
4.81%,
09/17/2030
(g)
14,470‌
13,660‌
$
31,272‌
Automobile
Parts
&
Equipment
-
0
.71
%
American
Axle
&
Manufacturing
Inc
6.88%,
07/01/2028
(h)
13,648‌
13,663‌
7.75%,
10/15/2033
(g)
18,865‌
19,407‌
Phinia
Inc
6.63%,
10/15/2032
(g)
11,460‌
11,930‌
6.75%,
04/15/2029
(g)
1,274‌
1,317‌
$
46,317‌
Banks
-
2
.67
%
Barclays
PLC
5.09%,
06/20/2030
(j)
26,300‌
26,789‌
3
Month
USD
LIBOR
+
3.05%
7.63%,
03/15/2035
(j),(k),(l)
11,725‌
12,637‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.69%
8.00%,
03/15/2029
(h),(j),(k),(l)
21,085‌
22,541‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
JPMorgan
Chase
&
Co
6.50%,
04/01/2030
(j),(k)
35,370‌
36,803‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.15%
UBS
Group
AG
6.63%,
01/08/2031
(g),(j),(k),(l)
9,000‌
9,050‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.24%
7.00%,
02/10/2030
(g),(j),(k),(l)
35,758‌
36,531‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.08%
9.25%,
11/13/2028
(g),(j),(k),(l)
27,900‌
30,461‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.75%
$
174,812‌
Building
Materials
-
2
.17
%
AmeriTex
HoldCo
Intermediate
LLC
7.63%,
08/15/2033
(g)
25,924‌
27,266‌
JH
North
America
Holdings
Inc
5.88%,
01/31/2031
(g)
6,715‌
6,829‌
6.13%,
07/31/2032
(g)
6,635‌
6,761‌
Miter
Brands
Acquisition
Holdco
Inc
/
MIWD
Borrower
LLC
6.75%,
04/01/2032
(g)
8,773‌
9,010‌
MIWD
Holdco
II
LLC
/
MIWD
Finance
Corp
5.50%,
02/01/2030
(g)
15,495‌
15,053‌
Quikrete
Holdings
Inc
6.38%,
03/01/2032
(g)
15,485‌
16,059‌
6.75%,
03/01/2033
(g)
7,865‌
8,171‌
Smyrna
Ready
Mix
Concrete
LLC
6.00%,
11/01/2028
(g)
49,622‌
49,777‌
8.88%,
11/15/2031
(g)
3,100‌
3,305‌
$
142,231‌
Chemicals
-
2
.67
%
Advancion
Sciences
Inc
9.25%,
PIK
10.00%;
11/01/2026
(g),(m),(n)
10,579‌
8,675‌
Consolidated
Energy
Finance
SA
5.63%,
10/15/2028
(g)
21,085‌
17,395‌
6.50%,
05/15/2026
(g)
13,405‌
13,271‌
12.00%,
02/15/2031
(g)
10,556‌
8,866‌
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
98
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
Element
Solutions
Inc
3.88%,
09/01/2028
(g)
$
25,703‌
$
25,051‌
Inversion
Escrow
Issuer
LLC
6.75%,
08/01/2032
(g)
17,600‌
17,433‌
Olympus
Water
US
Holding
Corp
4.25%,
10/01/2028
(g)
1,155‌
1,123‌
6.25%,
10/01/2029
(g)
40,530‌
39,659‌
7.25%,
06/15/2031
(g)
12,185‌
12,490‌
Tronox
Inc
4.63%,
03/15/2029
(g)
23,488‌
18,054‌
9.13%,
09/30/2030
(g)
2,585‌
2,550‌
Vibrantz
Technologies
Inc
9.00%,
02/15/2030
(g)
28,946‌
10,710‌
$
175,277‌
Commercial
Services
-
3
.97
%
ADT
Security
Corp/The
4.13%,
08/01/2029
(g)
14,460‌
14,088‌
5.88%,
10/15/2033
(g)
21,280‌
21,573‌
Albion
Financing
1
SARL
/
Aggreko
Holdings
Inc
7.00%,
05/21/2030
(g)
15,990‌
16,666‌
Block
Inc
6.00%,
08/15/2033
(g)
2,252‌
2,300‌
6.50%,
05/15/2032
27,789‌
28,871‌
EquipmentShare.com
Inc
8.00%,
03/15/2033
(g)
15,345‌
16,186‌
8.63%,
05/15/2032
(g)
10,632‌
11,366‌
Garda
World
Security
Corp
6.00%,
06/01/2029
(g)
18,173‌
17,882‌
6.50%,
01/15/2031
(g)
2,370‌
2,429‌
7.75%,
02/15/2028
(g)
27‌
28‌
8.25%,
08/01/2032
(g)
150‌
153‌
8.38%,
11/15/2032
(g)
20,170‌
20,708‌
Herc
Holdings
Inc
5.75%,
03/15/2031
(g)
4,823‌
4,857‌
6.00%,
03/15/2034
(g)
4,823‌
4,847‌
Shift4
Payments
LLC
/
Shift4
Payments
Finance
Sub
Inc
6.75%,
08/15/2032
(g)
29,425‌
30,019‌
Synergy
Infrastructure
Holdings
LLC
7.88%,
12/01/2030
(g)
7,250‌
7,563‌
United
Rentals
North
America
Inc
3.88%,
02/15/2031
11,480‌
10,944‌
4.88%,
01/15/2028
4,136‌
4,137‌
5.25%,
01/15/2030
8,650‌
8,743‌
Veritiv
Operating
Co
10.50%,
11/30/2030
(g)
34,653‌
37,105‌
$
260,465‌
Computers
-
1
.69
%
McAfee
Corp
7.38%,
02/15/2030
(g)
40,110‌
31,912‌
NCR
Atleos
Corp
9.50%,
04/01/2029
(g)
26,470‌
28,368‌
Seagate
Data
Storage
Technology
Pte
Ltd
5.75%,
12/01/2034
(g)
9,660‌
9,866‌
8.50%,
07/15/2031
(g)
3,920‌
4,148‌
9.63%,
12/01/2032
(g)
15,075‌
17,041‌
Virtusa
Corp
7.13%,
12/15/2028
(g),(h)
20,062‌
19,681‌
$
111,016‌
Consumer
Products
-
0
.32
%
Kronos
Acquisition
Holdings
Inc
8.25%,
06/30/2031
(g)
19,232‌
13,510‌
10.75%,
06/30/2032
(g)
15,075‌
7,274‌
$
20,784‌
Cosmetics
&
Personal
Care
-
0
.55
%
Perrigo
Finance
Unlimited
Co
6.13%,
09/30/2032
36,925‌
36,317‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
-
5
.52
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
6.95%,
03/10/2055
(j)
$
27,625‌
$
28,919‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.72%
Credit
Acceptance
Corp
6.63%,
03/15/2030
(g)
14,598‌
14,612‌
9.25%,
12/15/2028
(g)
28,443‌
29,805‌
Freedom
Mortgage
Holdings
LLC
7.88%,
04/01/2033
(g)
2,180‌
2,224‌
9.13%,
05/15/2031
(g)
44,315‌
46,853‌
Global
Aircraft
Leasing
Co
Ltd
8.75%,
09/01/2027
(g)
42,755‌
44,257‌
Jane
Street
Group
/
JSG
Finance
Inc
6.13%,
11/01/2032
(g)
31,170‌
31,747‌
6.75%,
05/01/2033
(g)
16,550‌
17,214‌
OneMain
Finance
Corp
3.50%,
01/15/2027
4,210‌
4,158‌
4.00%,
09/15/2030
7,638‌
7,164‌
6.63%,
01/15/2028
2,675‌
2,745‌
6.63%,
05/15/2029
11,314‌
11,662‌
7.13%,
11/15/2031
27,370‌
28,362‌
7.13%,
09/15/2032
17,185‌
17,797‌
7.50%,
05/15/2031
7,760‌
8,135‌
Rfna
LP
7.88%,
02/15/2030
(g)
14,805‌
14,913‌
Rocket
Cos
Inc
6.13%,
08/01/2030
(g)
11,530‌
11,805‌
6.38%,
08/01/2033
(g)
15,400‌
15,977‌
TrueNoord
Capital
DAC
8.75%,
03/01/2030
(g)
21,507‌
22,684‌
Vericast
Corp
12.50%,
12/15/2027
(g)
800‌
826‌
$
361,859‌
Electric
-
4
.66
%
California
Buyer
Ltd
/
Atlantica
Sustainable
Infrastructure
PLC
6.38%,
02/15/2032
(g)
44,155‌
44,031‌
Clearway
Energy
Operating
LLC
3.75%,
02/15/2031
(g)
35,612‌
33,352‌
5.75%,
01/15/2034
(g)
12,290‌
12,335‌
Lightning
Power
LLC
7.25%,
08/15/2032
(g)
44,485‌
47,350‌
NextEra
Energy
Capital
Holdings
Inc
6.70%,
09/01/2054
(j)
26,013‌
26,858‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.36%
NRG
Energy
Inc
5.75%,
01/15/2034
(g)
18,069‌
18,189‌
6.00%,
01/15/2036
(g)
18,069‌
18,258‌
10.25%,
03/15/2028
(g),(j),(k)
12,125‌
13,352‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.92%
Talen
Energy
Supply
LLC
6.25%,
02/01/2034
(g)
9,910‌
10,043‌
6.50%,
02/01/2036
(g)
9,910‌
10,160‌
Vistra
Corp
7.00%,
12/15/2026
(g),(j),(k)
16,889‌
17,144‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.74%
Vistra
Operations
Co
LLC
4.38%,
05/01/2029
(g)
21,107‌
20,843‌
VoltaGrid
LLC
7.38%,
11/01/2030
(g)
33,390‌
33,818‌
$
305,733‌
Engineering
&
Construction
-
0
.38
%
Global
Infrastructure
Solutions
Inc
5.63%,
06/01/2029
(g)
25,003‌
25,055‌
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
99
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
-
3
.31
%
Allwyn
Entertainment
Financing
UK
PLC
7.88%,
04/30/2029
(g)
$
8,356‌
$
8,700‌
Caesars
Entertainment
Inc
6.00%,
10/15/2032
(g),(h)
18,560‌
18,056‌
6.50%,
02/15/2032
(g)
30,505‌
31,192‌
Churchill
Downs
Inc
4.75%,
01/15/2028
(g),(h)
240‌
239‌
5.75%,
04/01/2030
(g)
28,560‌
28,715‌
6.75%,
05/01/2031
(g)
210‌
217‌
Cinemark
USA
Inc
5.25%,
07/15/2028
(g)
18,440‌
18,422‌
7.00%,
08/01/2032
(g)
40,555‌
41,963‌
Starz
Capital
Holdings
LLC
5.50%,
04/15/2029
(g)
10,420‌
8,493‌
Warnermedia
Holdings
Inc
5.05%,
03/15/2042
37,098‌
26,061‌
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
5.13%,
10/01/2029
(g)
104‌
104‌
6.25%,
03/15/2033
(g)
17,075‌
17,397‌
7.13%,
02/15/2031
(g)
15,966‌
17,202‌
$
216,761‌
Environmental
Control
-
0
.47
%
Madison
IAQ
LLC
4.13%,
06/30/2028
(g)
18,265‌
18,046‌
Waste
Pro
USA
Inc
7.00%,
02/01/2033
(g)
12,610‌
12,955‌
$
31,001‌
Food
-
3
.66
%
Albertsons
Cos
Inc
5.63%,
03/31/2032
(g),(i)
16,770‌
16,753‌
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
3.50%,
03/15/2029
(g)
11,785‌
11,311‌
4.63%,
01/15/2027
(g)
8,270‌
8,264‌
5.50%,
03/31/2031
(g)
6,295‌
6,306‌
6.25%,
03/15/2033
(g)
4,740‌
4,840‌
B&G
Foods
Inc
5.25%,
09/15/2027
(h)
11,625‌
11,234‌
8.00%,
09/15/2028
(g),(h)
25,432‌
24,002‌
Chobani
Holdco
II
LLC
8.75%,
PIK
9.50%;
10/01/2029
(g),(m),(n)
5,741‌
6,119‌
Chobani
LLC
/
Chobani
Finance
Corp
Inc
4.63%,
11/15/2028
(g)
13,095‌
13,028‌
7.63%,
07/01/2029
(g)
12,484‌
12,984‌
Fiesta
Purchaser
Inc
7.88%,
03/01/2031
(g)
3,744‌
3,851‌
9.63%,
09/15/2032
(g)
24,490‌
24,774‌
Ingles
Markets
Inc
4.00%,
06/15/2031
(g)
16,872‌
15,967‌
Pilgrim's
Pride
Corp
3.50%,
03/01/2032
14,595‌
13,489‌
4.25%,
04/15/2031
15,060‌
14,680‌
Post
Holdings
Inc
4.63%,
04/15/2030
(g)
28,739‌
28,064‌
6.25%,
10/15/2034
(g)
2,870‌
2,890‌
6.50%,
03/15/2036
(g)
1,925‌
1,927‌
Viking
Baked
Goods
Acquisition
Corp
8.63%,
11/01/2031
(g)
19,520‌
19,329‌
$
239,812‌
Forest
Products
&
Paper
-
0
.35
%
Mercer
International
Inc
5.13%,
02/01/2029
21,090‌
13,032‌
12.88%,
10/01/2028
(g)
5,860‌
4,284‌
Sappi
Papier
Holding
GmbH
7.50%,
06/15/2032
(g)
5,381‌
5,596‌
$
22,912‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
-
0
.32
%
Medline
Borrower
LP
3.88%,
04/01/2029
(g)
$
18,470‌
$
18,059‌
5.25%,
10/01/2029
(g)
3,085‌
3,090‌
$
21,149‌
Healthcare
-
Services
-
3
.69
%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(g)
41,537‌
39,878‌
7.38%,
03/15/2033
(g),(h)
3,775‌
3,729‌
CHS/Community
Health
Systems
Inc
5.25%,
05/15/2030
(g)
5,360‌
5,054‌
6.00%,
01/15/2029
(g)
24,651‌
24,584‌
Concentra
Health
Services
Inc
6.88%,
07/15/2032
(g)
22,130‌
23,170‌
Global
Medical
Response
Inc
7.38%,
10/01/2032
(g)
10,145‌
10,490‌
IQVIA
Inc
6.25%,
06/01/2032
(g)
16,860‌
17,517‌
LifePoint
Health
Inc
8.38%,
02/15/2032
(g)
18,520‌
20,124‌
Molina
Healthcare
Inc
3.88%,
11/15/2030
(g)
10,825‌
9,985‌
3.88%,
05/15/2032
(g)
10,385‌
9,345‌
4.38%,
06/15/2028
(g)
4,508‌
4,428‌
6.25%,
01/15/2033
(g)
6,742‌
6,789‌
Tenet
Healthcare
Corp
5.50%,
11/15/2032
(g)
16,520‌
16,690‌
6.13%,
06/15/2030
30,511‌
31,137‌
6.75%,
05/15/2031
18,165‌
18,867‌
$
241,787‌
Holding
Companies
-
Diversified
-
0
.19
%
Clue
Opco
LLC
9.50%,
10/15/2031
(g),(h)
11,510‌
12,203‌
Home
Builders
-
1
.80
%
Adams
Homes
Inc
9.25%,
10/15/2028
(g)
23,814‌
24,838‌
Century
Communities
Inc
3.88%,
08/15/2029
(g)
18,585‌
17,687‌
6.63%,
09/15/2033
(g)
5,370‌
5,439‌
Dream
Finders
Homes
Inc
6.88%,
09/15/2030
(g)
8,950‌
9,065‌
8.25%,
08/15/2028
(g)
16,133‌
16,585‌
Forestar
Group
Inc
6.50%,
03/15/2033
(g)
11,530‌
11,789‌
K
Hovnanian
Enterprises
Inc
8.00%,
04/01/2031
(g)
3,755‌
3,847‌
8.38%,
10/01/2033
(g)
11,735‌
11,993‌
LGI
Homes
Inc
4.00%,
07/15/2029
(g)
248‌
228‌
7.00%,
11/15/2032
(g),(h)
17,201‌
16,776‌
$
118,247‌
Housewares
-
0
.49
%
Newell
Brands
Inc
8.50%,
06/01/2028
(g)
30,539‌
32,018‌
Insurance
-
0
.42
%
Asurion
LLC
and
Asurion
Co-Issuer
Inc
8.00%,
12/31/2032
(g)
14,905‌
15,573‌
8.38%,
02/01/2034
(g)
11,755‌
11,884‌
$
27,457‌
Internet
-
0
.47
%
Gen
Digital
Inc
6.25%,
04/01/2033
(g)
19,347‌
19,440‌
ZipRecruiter
Inc
5.00%,
01/15/2030
(g)
16,256‌
11,280‌
$
30,720‌
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
100
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Investment
Companies
-
0
.98
%
HA
Sustainable
Infrastructure
Capital
Inc
8.00%,
06/01/2056
(j)
$
18,068‌
$
18,954‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.30%
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.38%,
06/15/2026
(g)
1,970‌
1,961‌
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.38%,
02/01/2029
35,170‌
31,044‌
10.00%,
11/15/2029
(g)
11,960‌
12,072‌
$
64,031‌
Iron
&
Steel
-
0
.71
%
Cleveland-Cliffs
Inc
4.63%,
03/01/2029
(g)
10,100‌
9,938‌
4.88%,
03/01/2031
(g)
60‌
58‌
6.75%,
04/15/2030
(g)
80‌
82‌
6.88%,
11/01/2029
(g)
60‌
62‌
7.00%,
03/15/2032
(g)
5,880‌
6,034‌
7.38%,
05/01/2033
(g)
15,755‌
16,441‌
Commercial
Metals
Co
5.75%,
11/15/2033
(g)
3,250‌
3,304‌
6.00%,
12/15/2035
(g)
5,150‌
5,262‌
Specialty
Steel
12.00%,
11/15/2033
(e),(f)
8,096‌
5,260‌
$
46,441‌
Leisure
Products
&
Services
-
1
.40
%
Life
Time
Inc
6.00%,
11/15/2031
(g)
23,361‌
23,952‌
Lindblad
Expeditions
LLC
7.00%,
09/15/2030
(g)
3,290‌
3,434‌
NCL
Corp
Ltd
6.25%,
03/01/2030
(g)
19,980‌
20,421‌
6.25%,
09/15/2033
(g)
1,225‌
1,232‌
6.75%,
02/01/2032
(g)
5,000‌
5,124‌
7.75%,
02/15/2029
(g)
83‌
89‌
NCL
Finance
Ltd
6.13%,
03/15/2028
(g)
13,170‌
13,537‌
Patrick
Industries
Inc
4.75%,
05/01/2029
(g)
10,718‌
10,610‌
6.38%,
11/01/2032
(g)
12,870‌
13,172‌
$
91,571‌
Lodging
-
1
.59
%
Hilton
Grand
Vacations
Borrower
LLC
/
Hilton
Grand
Vacations
Borrower
Inc
6.63%,
01/15/2032
(g)
33,150‌
33,885‌
Station
Casinos
LLC
4.50%,
02/15/2028
(g),(h)
100‌
100‌
4.63%,
12/01/2031
(g),(h)
1,425‌
1,368‌
6.63%,
03/15/2032
(g)
35,673‌
36,487‌
Wynn
Macau
Ltd
5.13%,
12/15/2029
(g)
73‌
73‌
5.50%,
10/01/2027
(g)
40‌
40‌
5.63%,
08/26/2028
(g)
32,585‌
32,518‌
$
104,471‌
Machinery
-
Diversified
-
0
.50
%
Maxim
Crane
Works
Holdings
Capital
LLC
11.50%,
09/01/2028
(g)
30,973‌
32,998‌
Media
-
7
.16
%
AMC
Networks
Inc
10.25%,
01/15/2029
(g)
28,990‌
30,228‌
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.25%,
01/15/2034
(g),(h)
5,300‌
4,477‌
4.50%,
08/15/2030
(g),(h)
11,739‌
11,033‌
4.50%,
06/01/2033
(g)
12,955‌
11,335‌
4.75%,
03/01/2030
(g)
10,475‌
10,007‌
4.75%,
02/01/2032
(g)
29,462‌
26,910‌
5.00%,
02/01/2028
(g)
1,325‌
1,318‌
5.13%,
05/01/2027
(g)
6,625‌
6,628‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
(continued)
7.00%,
02/01/2033
(g)
$
9,546‌
$
9,638‌
CSC
Holdings
LLC
4.50%,
11/15/2031
(g)
30,900‌
18,744‌
5.50%,
04/15/2027
(g)
2,450‌
2,162‌
6.50%,
02/01/2029
(g)
22,355‌
14,314‌
11.25%,
05/15/2028
(g)
6,211‌
4,978‌
Directv
Financing
LLC
8.88%,
02/01/2030
(g)
28,976‌
29,355‌
8.88%,
02/01/2030
(g)
13,858‌
14,031‌
Directv
Financing
LLC
/
Directv
Financing
Co-
Obligor
Inc
5.88%,
08/15/2027
(g)
4,069‌
4,089‌
10.00%,
02/15/2031
(g)
15,145‌
15,601‌
Discovery
Communications
LLC
4.13%,
05/15/2029
21,311‌
20,701‌
DISH
DBS
Corp
5.25%,
12/01/2026
(g)
17,388‌
16,899‌
DISH
Network
Corp
11.75%,
11/15/2027
(g)
40,748‌
42,172‌
iHeartCommunications
Inc
4.75%,
01/15/2028
(g)
14,594‌
13,280‌
7.75%,
08/15/2030
(g)
7,754‌
6,639‌
LCPR
Senior
Secured
Financing
DAC
5.13%,
07/15/2029
(g)
25,428‌
16,910‌
McGraw-Hill
Education
Inc
7.38%,
09/01/2031
(g)
19,415‌
20,411‌
Scripps
Escrow
II
Inc
3.88%,
01/15/2029
(g)
20,410‌
18,836‌
Sinclair
Television
Group
Inc
8.13%,
02/15/2033
(g)
22,925‌
23,714‌
Virgin
Media
Finance
PLC
5.00%,
07/15/2030
(g)
18,741‌
16,375‌
Virgin
Media
O2
Vendor
Financing
Notes
VI
DAC
8.50%,
03/15/2033
(g),(h)
11,800‌
11,697‌
Virgin
Media
Vendor
Financing
Notes
IV
DAC
5.00%,
07/15/2028
(g)
12,925‌
12,925‌
VZ
Secured
Financing
BV
5.00%,
01/15/2032
(g)
10,000‌
9,030‌
Ziggo
BV
4.88%,
01/15/2030
(g)
26,155‌
24,692‌
$
469,129‌
Metal
Fabrication
&
Hardware
-
0
.58
%
Park-Ohio
Industries
Inc
8.50%,
08/01/2030
(g)
12,491‌
12,828‌
TMS
International
Corp/DE
6.25%,
04/15/2029
(g)
25,550‌
24,911‌
$
37,739‌
Mining
-
1
.81
%
ACN
113
874
712
Pty
Ltd
0.00%,
02/15/2018
(d),(e),(g)
10,457‌
104‌
Arsenal
AIC
Parent
LLC
8.00%,
10/01/2030
(g)
400‌
424‌
11.50%,
10/01/2031
(g)
725‌
799‌
First
Quantum
Minerals
Ltd
7.25%,
02/15/2034
(g)
9,145‌
9,608‌
8.00%,
03/01/2033
(g)
9,110‌
9,776‌
8.63%,
06/01/2031
(g)
17,095‌
17,957‌
Hudbay
Minerals
Inc
6.13%,
04/01/2029
(g)
8,405‌
8,482‌
IAMGOLD
Corp
5.75%,
10/15/2028
(g)
19,263‌
19,341‌
New
Gold
Inc
6.88%,
04/01/2032
(g)
13,645‌
14,497‌
Northwest
Acquisitions
ULC
/
Dominion
Finco
Inc
0.00%,
11/01/2022
(d),(g)
15,820‌
—‌
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
101
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mining
(continued)
Taseko
Mines
Ltd
8.25%,
05/01/2030
(g)
$
35,407‌
$
37,582‌
$
118,570‌
Oil
&
Gas
-
4
.73
%
Aethon
United
BR
LP
/
Aethon
United
Finance
Corp
7.50%,
10/01/2029
(g)
28,032‌
29,498‌
APA
Corp
5.25%,
02/01/2042
4,094‌
3,387‌
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp
6.63%,
10/15/2032
(g)
34,165‌
35,408‌
6.63%,
07/15/2033
(g)
1,930‌
1,999‌
9.00%,
11/01/2027
(g)
9,300‌
11,457‌
Chord
Energy
Corp
6.00%,
10/01/2030
(g)
13,870‌
14,140‌
6.75%,
03/15/2033
(g)
34,125‌
35,376‌
Crescent
Energy
Finance
LLC
8.38%,
01/15/2034
(g)
9,939‌
10,033‌
DBR
Land
Holdings
LLC
6.25%,
12/01/2030
(g)
10,545‌
10,802‌
Matador
Resources
Co
6.25%,
04/15/2033
(g)
32,995‌
33,254‌
Northern
Oil
&
Gas
Inc
7.88%,
10/15/2033
(g)
31,760‌
32,066‌
Permian
Resources
Operating
LLC
6.25%,
02/01/2033
(g)
28,655‌
29,519‌
Sunoco
LP
5.88%,
03/15/2034
(g)
24,675‌
24,741‌
Sunoco
LP
/
Sunoco
Finance
Corp
4.50%,
04/30/2030
31,585‌
30,840‌
Transocean
International
Ltd
7.88%,
10/15/2032
(g)
6,865‌
7,241‌
$
309,761‌
Oil
&
Gas
Services
-
1
.26
%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp
6.25%,
04/01/2028
(g)
44,261‌
44,373‌
Archrock
Services
LP
/
Archrock
Partners
Finance
Corp
6.00%,
02/01/2034
(g)
27,555‌
27,534‌
Enerflex
Inc
6.88%,
01/15/2031
(g)
10,185‌
10,526‌
$
82,433‌
Packaging
&
Containers
-
2
.29
%
Cascades
Inc/Cascades
USA
Inc
5.38%,
01/15/2028
(g)
16,537‌
16,523‌
6.75%,
07/15/2030
(g)
16,000‌
16,564‌
Clydesdale
Acquisition
Holdings
Inc
6.63%,
04/15/2029
(g)
2,205‌
2,224‌
6.75%,
04/15/2032
(g)
13,515‌
13,620‌
6.88%,
01/15/2030
(g)
14,990‌
15,185‌
8.75%,
04/15/2030
(g)
20,469‌
20,484‌
Crown
Americas
LLC
5.88%,
06/01/2033
(g)
9,135‌
9,344‌
LABL
Inc
5.88%,
11/01/2028
(g)
10,046‌
4,571‌
8.63%,
10/01/2031
(g)
23,035‌
10,481‌
9.50%,
11/01/2028
(g)
8,927‌
4,062‌
Mauser
Packaging
Solutions
Holding
Co
7.88%,
04/15/2030
(g)
12,255‌
12,485‌
9.25%,
04/15/2030
(g)
24,885‌
24,479‌
$
150,022‌
Pharmaceuticals
-
2
.60
%
1261229
BC
Ltd
10.00%,
04/15/2032
(g)
21,845‌
22,419‌
Accendra
Health
Inc
4.50%,
03/31/2029
(g),(h)
20,592‌
13,548‌
6.63%,
04/01/2030
(g)
1,840‌
1,035‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
AdaptHealth
LLC
5.13%,
03/01/2030
(g)
$
31,501‌
$
30,591‌
BellRing
Brands
Inc
7.00%,
03/15/2030
(g)
19,140‌
19,667‌
Endo
Finance
Holdings
LP
8.50%,
04/15/2031
(g)
34,096‌
36,077‌
Jazz
Securities
DAC
4.38%,
01/15/2029
(g)
47,640‌
46,874‌
$
170,211‌
Pipelines
-
3
.92
%
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp
5.38%,
06/15/2029
(g)
17,110‌
17,140‌
5.75%,
10/15/2033
(g)
15,535‌
15,704‌
6.63%,
02/01/2032
(g)
92‌
96‌
Energy
Transfer
LP
6.50%,
02/15/2056
(j)
52,775‌
52,778‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
Harvest
Midstream
I
LP
7.50%,
05/15/2032
(g)
28,683‌
29,960‌
Hess
Midstream
Operations
LP
4.25%,
02/15/2030
(g)
33,681‌
32,900‌
Venture
Global
LNG
Inc
8.38%,
06/01/2031
(g),(h)
28,205‌
28,848‌
9.00%,
09/30/2029
(g),(j),(k)
16,460‌
14,480‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.44%
9.50%,
02/01/2029
(g)
29,790‌
31,722‌
Venture
Global
Plaquemines
LNG
LLC
6.75%,
01/15/2036
(g)
22,830‌
23,932‌
7.75%,
05/01/2035
(g)
8,655‌
9,651‌
$
257,211‌
REITs
-
4
.49
%
Arbor
Realty
SR
Inc
7.88%,
07/15/2030
(g)
17,790‌
16,320‌
8.50%,
12/15/2028
(g),(h)
13,650‌
13,301‌
EF
Holdco
/
EF
Cayman
Hold
/
Ellington
Fin
REIT
Cayman/TRS
/
EF
Cayman
Non-MTM
7.38%,
09/30/2030
(g)
14,380‌
14,534‌
Iron
Mountain
Inc
4.50%,
02/15/2031
(g)
44,606‌
42,626‌
4.88%,
09/15/2029
(g)
230‌
227‌
5.25%,
07/15/2030
(g)
6,345‌
6,283‌
6.25%,
01/15/2033
(g)
6,781‌
6,852‌
Iron
Mountain
Information
Management
Services
Inc
5.00%,
07/15/2032
(g)
150‌
144‌
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp
4.75%,
06/15/2029
(g)
39,082‌
38,756‌
7.00%,
07/15/2031
(g)
18,850‌
19,998‌
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
3.50%,
03/15/2031
22,150‌
16,413‌
8.50%,
02/15/2032
(g)
6,340‌
6,792‌
Park
Intermediate
Holdings
LLC
/
PK
Domestic
Property
LLC
/
PK
Finance
Co-Issuer
4.88%,
05/15/2029
(g)
17,003‌
16,633‌
5.88%,
10/01/2028
(g)
60‌
60‌
7.00%,
02/01/2030
(g)
14,275‌
14,707‌
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp
6.50%,
06/15/2033
(g)
12,665‌
13,128‌
Uniti
Group
LP
/
Uniti
Fiber
Holdings
Inc
/
CSL
Capital
LLC
6.00%,
01/15/2030
(g)
36,090‌
34,373‌
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
102
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
XHR
LP
4.88%,
06/01/2029
(g)
$
30,553‌
$
30,119‌
6.63%,
05/15/2030
(g)
2,634‌
2,720‌
$
293,986‌
Retail
-
5
.09
%
Bath
&
Body
Works
Inc
6.63%,
10/01/2030
(g)
17,275‌
17,691‌
6.75%,
07/01/2036
11,370‌
11,344‌
6.88%,
11/01/2035
120‌
121‌
6.95%,
03/01/2033
2,750‌
2,741‌
Carvana
Co
9.00%,
06/01/2030
(g),(m)
29,415‌
30,671‌
14.00%,
06/01/2031
(g),(m)
412‌
453‌
Ferrellgas
LP
/
Ferrellgas
Finance
Corp
9.25%,
01/15/2031
(g)
13,700‌
14,162‌
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
4.63%,
01/15/2029
(g)
45,420‌
43,927‌
6.75%,
01/15/2030
(g)
7,248‌
6,854‌
Gap
Inc/The
3.63%,
10/01/2029
(g)
9,220‌
8,769‌
3.88%,
10/01/2031
(g)
11,476‌
10,639‌
Macy's
Retail
Holdings
LLC
4.50%,
12/15/2034
6,445‌
5,805‌
5.88%,
03/15/2030
(g)
4,863‌
4,913‌
6.13%,
03/15/2032
(g)
21,953‌
22,189‌
6.38%,
03/15/2037
30‌
28‌
6.70%,
07/15/2034
(g)
130‌
127‌
7.38%,
08/01/2033
(g)
9,160‌
9,673‌
Michaels
Cos
Inc/The
7.88%,
05/01/2029
(g)
20,530‌
20,003‌
Park
River
Holdings
Inc
8.00%,
03/15/2031
(g)
13,211‌
13,613‌
8.75%,
12/31/2030
(g)
17,197‌
17,081‌
PetSmart
LLC
/
PetSmart
Finance
Corp
7.50%,
09/15/2032
(g)
21,525‌
22,073‌
10.00%,
09/15/2033
(g)
9,400‌
9,781‌
Specialty
Building
Products
Holdings
LLC
/
SBP
Finance
Corp
7.75%,
10/15/2029
(g)
15,622‌
15,570‌
Victra
Holdings
LLC
/
Victra
Finance
Corp
8.75%,
09/15/2029
(g),(h)
42,900‌
45,161‌
$
333,389‌
Savings
&
Loans
-
0
.00
%
Washington
Mutual
Bank
/
Henderson
NV
0.00%,
06/15/2011
(d),(e)
3,500‌
—‌
0.00%,
01/15/2013
(d)
3,000‌
—‌
0.00%,
01/15/2015
(d),(e)
2,000‌
—‌
$
—‌
Semiconductors
-
1
.01
%
ams-OSRAM
AG
12.25%,
03/30/2029
(g)
31,639‌
33,618‌
Kioxia
Holdings
Corp
6.25%,
07/24/2030
(g)
6,800‌
7,025‌
6.63%,
07/24/2033
(g)
24,245‌
25,317‌
$
65,960‌
Software
-
1
.12
%
Cloud
Software
Group
Inc
6.50%,
03/31/2029
(g)
440‌
437‌
6.63%,
08/15/2033
(g)
15,195‌
14,566‌
9.00%,
09/30/2029
(g)
37,680‌
38,048‌
CoreWeave
Inc
9.25%,
06/01/2030
(g),(h)
20,660‌
20,338‌
$
73,389‌
Telecommunications
-
4
.74
%
Altice
Financing
SA
5.00%,
01/15/2028
(g)
24,088‌
17,487‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Altice
France
SA
6.50%,
04/15/2032
(g)
$
9,375‌
$
9,157‌
9.50%,
11/01/2029
(g)
32,466‌
33,319‌
Cipher
Compute
LLC
7.13%,
11/15/2030
(g)
14,855‌
15,307‌
Connect
Finco
SARL
/
Connect
US
Finco
LLC
9.00%,
09/15/2029
(g)
22,820‌
24,220‌
Digicel
International
Finance
Ltd
/
Difl
US
LLC
8.63%,
08/01/2032
(g)
27,066‌
28,141‌
EchoStar
Corp
10.75%,
11/30/2029
45,474‌
49,850‌
Frontier
Communications
Holdings
LLC
5.88%,
11/01/2029
10,710‌
10,807‌
Level
3
Financing
Inc
7.00%,
03/31/2034
(g)
19,538‌
20,238‌
8.50%,
01/15/2036
(g)
18,025‌
18,453‌
Uniti
Group
LP
/
Uniti
Group
Finance
2019
Inc
/
CSL
Capital
LLC
8.63%,
06/15/2032
(g)
12,475‌
12,596‌
Uniti
Services
LLC
7.50%,
10/15/2033
(g)
4,426‌
4,570‌
Viasat
Inc
7.50%,
05/30/2031
(g)
10,785‌
10,473‌
Viavi
Solutions
Inc
3.75%,
10/01/2029
(g)
27,375‌
26,019‌
Vmed
O2
UK
Financing
I
PLC
4.75%,
07/15/2031
(g)
625‌
571‌
6.75%,
01/15/2033
(g)
7,129‌
6,952‌
Windstream
Services
LLC
/
Windstream
Escrow
Finance
Corp
8.25%,
10/01/2031
(g)
6,950‌
7,280‌
Zayo
Group
Holdings
Inc
9.25%,
PIK
0.00%;
03/09/2030
(g),(m),(n)
15,791‌
15,419‌
$
310,859‌
Textiles
-
0
.20
%
Eagle
Intermediate
Global
Holding
BV/Eagle
US
Finance
LLC
7.50%,
03/31/2026
(g),(m)
8,073‌
3,633‌
Linx
Capital
Ltd
15.20%,
03/31/2026
(g),(m)
EUR
8,983‌
9,583‌
$
13,216‌
Transportation
-
1
.76
%
Brightline
East
LLC
11.00%,
01/31/2030
(g)
$
9,771‌
2,689‌
Eletson
Holdings
Inc
-
Escrow
0.00%,
01/15/2022
(d),(e)
18,905‌
—‌
Navios
Maritime
Partners
LP
7.75%,
11/07/2030
(g)
7,600‌
7,667‌
Navios
South
American
Logistics
Inc
8.88%,
07/14/2030
(g)
15,000‌
15,467‌
SFL
Corp
Ltd
7.25%,
05/12/2026
(g)
8,200‌
8,198‌
7.75%,
01/29/2030
(g)
23,600‌
23,974‌
8.25%,
04/19/2028
10,200‌
10,448‌
8.88%,
02/01/2027
8,700‌
8,874‌
Watco
Cos
LLC
/
Watco
Finance
Corp
7.13%,
08/01/2032
(g)
36,405‌
38,163‌
$
115,480‌
TOTAL
BONDS
$
6,057,393‌
CONVERTIBLE
BONDS
-
0
.00
%
Principal
Amount
(000's)
Value
(000's)
Food
-
0
.00
%
Fresh
Express
Delivery
Holding
Group
Co
Ltd
-
Escrow
0.00%,
11/09/2009
(d),(e)
HKD
46,500‌
$
—‌
0.00%,
10/18/2010
(d),(e)
CNH
245,000‌
—‌
$
—‌
TOTAL
CONVERTIBLE
BONDS
$
—‌
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
103
SENIOR
FLOATING
RATE
INTERESTS
-
4
.75
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
0
.05
%
TransDigm
Inc
;
Term
Loan
J
6.17%,
02/28/2031
$
3,505‌
$
3,502‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Airlines
-
0
.27
%
AAdvantage
Loyalty
IP
Ltd
;
Term
Loan
B
5.92%,
04/20/2028
12,408‌
12,408‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
6.92%,
05/07/2032
4,963‌
4,967‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
$
17,375‌
Building
Materials
-
0
.09
%
Quikrete
Holdings
Inc
;
Term
Loan
B3
5.92%,
02/10/2032
5,684‌
5,679‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Chemicals
-
0
.43
%
Advancion
Holdings
LLC
;
Term
Loan
11.52%,
11/24/2028
25,457‌
22,784‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.75%
Consolidated
Energy
Finance
SA
;
Term
Loan
B
8.27%,
11/15/2030
6,435‌
5,594‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
$
28,378‌
Commercial
Services
-
0
.33
%
Aggreko
Holdings
Inc
;
Term
Loan
B
6.87%,
05/21/2031
5,099‌
5,068‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Shift4
Payments
LLC
;
Term
Loan
B
0.00%,
07/02/2032
(o)
1,965‌
1,975‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
5.65%,
06/30/2032
3,975‌
3,995‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Veritiv
Operating
Co
;
Term
Loan
B
7.67%,
11/30/2030
10,488‌
10,252‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
21,290‌
Computers
-
0
.15
%
McAfee
Corp
;
Term
Loan
B1
6.67%,
03/01/2029
11,407‌
10,067‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Consumer
Products
-
0
.13
%
Kronos
Acquisition
Holdings
Inc
;
Term
Loan
B
7.67%,
06/27/2031
11,875‌
8,170‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Food
-
0
.17
%
Fiesta
Purchaser
Inc
;
Term
Loan
B
6.42%,
02/12/2031
11,584‌
11,226‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Forest
Products
&
Paper
-
0
.04
%
Spectrum
Group
Buyer
Inc
;
Term
Loan
B
10.17%,
05/19/2028
2,794‌
2,610‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.50%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
-
0
.24
%
LifePoint
Health
Inc
;
Term
Loan
B
7.42%,
05/16/2031
$
15,474‌
$
15,458‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Insurance
-
0
.10
%
Asurion
LLC
;
Term
Loan
B4
9.04%,
01/20/2029
6,824‌
6,814‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
Internet
-
0
.06
%
iliad
SA
;
Term
Loan
6.42%,
02/01/2029
3,950‌
3,940‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Investment
Companies
-
0
.12
%
Teide
Ltd
;
PIK
Term
Loan
0.00%,
PIK
10.00%;
08/01/2026
(n)
EUR
15,896‌
7,725‌
Lodging
-
0
.06
%
Fertitta
Entertainment
LLC/NV
;
Term
Loan
B
6.92%,
01/27/2029
$
4,157‌
4,145‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Machinery
-
Diversified
-
0
.16
%
TK
Elevator
US
Newco
Inc
;
Term
Loan
B
6.95%,
04/30/2030
10,759‌
10,777‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Media
-
0
.38
%
Directv
Financing
LLC
;
Term
Loan
B
9.17%,
02/15/2031
4,373‌
4,370‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.50%
iHeartCommunications
Inc
;
Term
Loan
9.56%,
05/01/2029
16,180‌
14,775‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.78%
Numericable
US
LLC
;
Term
Loan
B11
7.80%,
04/30/2028
6,046‌
6,039‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.13%
SportsNet
New
York
0.00%,
04/15/2031
(d),(e)
4,559‌
—‌
$
25,184‌
Metal
Fabrication
&
Hardware
-
0
.15
%
TMS
International
Corp/DE
;
Term
Loan
B7
7.17%,
03/02/2030
9,821‌
9,796‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%,
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Mining
-
0
.22
%
Arctic
Canadian
Diamond
Co
Ltd
10.27%,
06/30/2026
(e)
3,770‌
1,652‌
Arsenal
AIC
Parent
LLC
;
Term
Loan
B
6.42%,
08/18/2030
12,918‌
12,930‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
14,582‌
Oil
&
Gas
Services
-
0
.17
%
Deep
Blue
Operating
I
LLC
;
Term
Loan
B
6.44%,
10/01/2032
11,420‌
11,442‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Packaging
&
Containers
-
0
.15
%
Clydesdale
Acquisition
Holdings
Inc
;
Term
Loan
B
6.92%,
03/26/2032
6,648‌
6,609‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
104
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
(continued)
Mauser
Packaging
Solutions
Holding
Co
;
Term
Loan
B
7.23%,
04/15/2030
$
3,291‌
$
3,206‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
9,815‌
Pharmaceuticals
-
0
.74
%
1261229
BC
Ltd
;
Term
Loan
B
9.92%,
10/08/2030
43,446‌
42,310‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Endo
Finance
Holdings
LP
;
Term
Loan
B
7.42%,
04/23/2031
5,992‌
5,994‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
48,304‌
Retail
-
0
.37
%
IRB
Holding
Corp
;
Term
Loan
B
6.17%,
12/15/2030
15,632‌
15,622‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Michaels
Cos
Inc/The
;
Term
Loan
0.00%,
05/15/2028
(o)
6,240‌
6,175‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Victra
Holdings
LLC
;
Term
Loan
B
7.42%,
03/30/2029
2,377‌
2,375‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
24,172‌
Telecommunications
-
0
.17
%
Zayo
Group
Holdings
Inc
;
PIK
Term
Loan
6.79%,
PIK
0.50%;
03/11/2030
(n)
11,279‌
10,845‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
311,296‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
0
.61
%
Principal
Amount
(000's)
Value
(000's)
U.S.
Treasury
-
0
.61
%
3.88%,
04/30/2030
$
40,000‌
$
40,200‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
40,200‌
Total
Investments
$
6,499,116‌
Other
Assets
and
Liabilities
-  0.83%
54,686‌
TOTAL
NET
ASSETS
-
100.00%
$
6,553,802‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$40,015
or
0.61%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(g)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,300,534
or
80.88%
of
net
assets.
(h)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$38,280
or
0.58%
of
net
assets.
(i)
Security
purchased
on
a
when-issued
basis.
(j)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(k)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(l)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$111,220
or
1.70%
of
net
assets.
(m)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(n)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(o)
This
Senior
Floating
Rate
Note
will
settle
after
January
31,
2026,
at
which
time
the
interest
rate
will
be
determined.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
260,621‌
$
495,622‌
$
672,293‌
$
83,950‌
$
260,621‌
$
495,622‌
$
672,293‌
$
83,950‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
855‌
$
—‌
$
—‌
$
—‌
$
855‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Arctic
Canadian
Diamond
Co
Ltd
03/03/2025
$
—‌
$
220‌
0.00%
Burgundy
Diamond
Mines
Ltd
03/03/2025
1,090‌
—‌
0.00%
Specialty
Steel  
12.00%,
11/15/2033
08/11/2025
7,106‌
5,260‌
0.08%
Total
$
5,480‌
0.08%
Amounts
in
thousands.
Schedule
of
Investments
High
Yield
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
105
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
RBC
Dominon
Securities
Corp
02/13/2026
GBP
8‌
$
11‌
$
—‌
$
—‌
RBC
Dominon
Securities
Corp
02/13/2026
$
21,444‌
EUR
18,331‌
—‌
(
293‌
)
RBC
Dominon
Securities
Corp
02/13/2026
$
57‌
GBP
42‌
—‌
(
1‌
)
Total
$
—‌
$
(
294‌
)
Amounts
in
thousands.
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
106
INVESTMENT
COMPANIES
-
5.33%
Shares
Held
Value
(000's)
Money
Market
Funds
-
5.33%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
120,822,440‌
$
120,822‌
TOTAL
INVESTMENT
COMPANIES
$
120,822‌
BONDS
-
1.69%
Principal
Amount
(000's)
Value
(000's)
Commercial
Mortgage
Backed
Securities
-
0.04%
BX
Trust
2024-VLT4
5.17%,
06/15/2041
(c)
$
892‌
$
893‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.49%
Ginnie
Mae
1.60%,
03/16/2047
(d),(e)
62‌
—‌
$
893‌
Mortgage
Backed
Securities
-
1.33%
A&D
Mortgage
Trust
2024-NQM5
5.70%,
11/25/2069
(c)
1,740‌
1,757‌
Angel
Oak
Mortgage
Trust
2025-2
5.64%,
02/25/2070
(c),(e)
2,002‌
2,024‌
Barclays
Mortgage
Loan
Trust
2025-NQM3
5.64%,
05/25/2065
(c),(e)
2,439‌
2,468‌
BRAVO
Residential
Funding
Trust
2023-NQM3
4.85%,
09/25/2062
(c),(e)
1,315‌
1,317‌
COLT
2024-6
Mortgage
Loan
Trust
5.39%,
11/25/2069
(c),(e)
1,169‌
1,178‌
Cross
2024-H7
Mortgage
Trust
5.59%,
11/25/2069
(c),(e)
1,574‌
1,589‌
Cross
2025-H1
Mortgage
Trust
5.74%,
02/25/2070
(c),(e)
2,111‌
2,138‌
CSMC
2022-NQM5
Trust
5.17%,
05/25/2067
(c),(e)
2,043‌
2,042‌
Ellington
Financial
Mortgage
Trust
2021-3
1.24%,
09/25/2066
(c),(e)
1,691‌
1,433‌
Fannie
Mae
REMIC
Trust
2004-W5
4.26%,
02/25/2047
8‌
8‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.56%
GCAT
2021-NQM4
Trust
1.09%,
08/25/2066
(c),(e)
2,045‌
1,731‌
HOMES
2025-AFC1
Trust
5.73%,
01/25/2060
(c),(e)
1,146‌
1,160‌
HOMES
2025-AFC2
Trust
5.47%,
06/25/2060
(c),(e)
2,426‌
2,451‌
Merrill
Lynch
Alternative
Note
Asset
Trust
Series
2007-A3
4.21%,
04/25/2037
1,197‌
420‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.53%
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2025-NQM1
5.74%,
11/25/2069
(c),(e)
1,141‌
1,156‌
NYMT
Loan
Trust
2024-INV1
5.38%,
06/25/2069
(c),(e)
1,908‌
1,922‌
PRPM
2025-NQM1
Trust
5.80%,
11/25/2069
(c),(e)
1,682‌
1,700‌
PRPM
2025-NQM3
Trust
5.61%,
05/25/2070
(c),(e)
1,908‌
1,927‌
SG
Residential
Mortgage
Trust
2021-1
1.16%,
07/25/2061
(c),(e)
2,063‌
1,752‌
$
30,173‌
Other
Asset
Backed
Securities
-
0.32%
Progress
Residential
2022-SFR6
Trust
6.04%,
07/20/2039
(c)
1,990‌
2,005‌
Progress
Residential
2022-SFR7
Trust
5.50%,
10/27/2039
(c)
3,320‌
3,318‌
Tricon
Residential
2024-SFR2
Trust
6.00%,
06/17/2040
(c)
1,805‌
1,824‌
$
7,147‌
TOTAL
BONDS
$
38,213‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
94.31%
Principal
Amount
(000's)
Value
(000's)
U.S.
Treasury
Inflation-Indexed
Obligations
-
94.31%
0.13%,
04/15/2027
$
7,921‌
$
7,840‌
0.13%,
01/15/2030
55,707‌
53,442‌
0.13%,
07/15/2030
68,430‌
65,363‌
0.13%,
01/15/2031
83,721‌
78,990‌
0.13%,
07/15/2031
70,050‌
65,696‌
0.13%,
01/15/2032
77,423‌
71,574‌
0.13%,
02/15/2051
24,868‌
13,412‌
0.13%,
02/15/2052
30,523‌
16,075‌
0.25%,
07/15/2029
54,873‌
53,489‌
0.25%,
02/15/2050
25,347‌
14,572‌
0.38%,
07/15/2027
42,963‌
42,827‌
0.50%,
01/15/2028
62,065‌
61,552‌
0.63%,
07/15/2032
79,779‌
75,613‌
0.63%,
02/15/2043
26,384‌
19,702‌
0.75%,
07/15/2028
56,328‌
56,217‌
0.75%,
02/15/2042
44,469‌
34,705‌
0.75%,
02/15/2045
35,008‌
25,545‌
0.88%,
01/15/2029
44,379‌
44,142‌
0.88%,
02/15/2047
21,933‌
15,803‌
1.00%,
02/15/2046
20,390‌
15,367‌
1.00%,
02/15/2048
17,961‌
13,110‌
1.00%,
02/15/2049
16,616‌
11,943‌
1.13%,
10/15/2030
75,698‌
75,338‌
1.13%,
01/15/2033
76,451‌
74,050‌
1.25%,
04/15/2028
70,665‌
71,012‌
1.38%,
07/15/2033
78,825‌
77,521‌
1.38%,
02/15/2044
35,175‌
29,490‌
1.50%,
02/15/2053
26,442‌
20,568‌
1.63%,
10/15/2027
54,577‌
55,430‌
1.63%,
10/15/2029
73,146‌
74,611‌
1.63%,
04/15/2030
71,542‌
72,615‌
1.75%,
01/15/2028
21,335‌
21,670‌
1.75%,
01/15/2034
82,277‌
82,449‌
1.88%,
07/15/2034
83,276‌
84,236‌
1.88%,
07/15/2035
(f)
95,159‌
95,454‌
1.88%,
01/15/2036
32,005‌
31,884‌
2.13%,
04/15/2029
71,330‌
73,541‌
2.13%,
01/15/2035
(f)
95,891‌
98,231‌
2.13%,
02/15/2040
4,208‌
4,175‌
2.13%,
02/15/2041
17,500‌
17,181‌
2.13%,
02/15/2054
35,158‌
31,512‌
2.38%,
10/15/2028
67,138‌
69,752‌
2.38%,
02/15/2055
21,370‌
20,243‌
2.50%,
01/15/2029
24,771‌
25,802‌
3.38%,
04/15/2032
11,496‌
12,791‌
3.63%,
04/15/2028
27,625‌
29,188‌
3.88%,
04/15/2029
29,116‌
31,615‌
$
2,137,338‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
2,137,338‌
TOTAL
PURCHASED
INTEREST
RATE
SWAPTIONS
-
0.00%
$
25‌
Total
Investments
$
2,296,398‌
Other
Assets
and
Liabilities
-  (1.33)%
(30,122‌)
TOTAL
NET
ASSETS
-
100.00%
$
2,266,276‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$37,785
or
1.67%
of
net
assets.
(d)
Security
is
an
Interest
Only
Strip.
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
107
(e)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(f)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
swap
and/or
swaption
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$753
or
0.03%
of
net
assets.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
38,852‌
$
220,659‌
$
138,689‌
$
120,822‌
$
38,852‌
$
220,659‌
$
138,689‌
$
120,822‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
110‌
$
—‌
$
—‌
$
—‌
$
110‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Interest
Rate
Swaptions
Purchased
Swaptions
Outstanding
Counterparty
Paid
by
the
Fund
Rate/Reference    Frequency
Received
by
the
Fund
Rate/Reference  Frequency
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Premiums
Paid
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
1
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Annual
3.00%
Annual
$
50,020‌
3.00%
06/08/2026
$
62‌
$
25‌
$
(37‌)
Total
$
62‌
$
25‌
$
(37‌)
Written
Swaptions
Outstanding
Counterparty
Paid
by
the
Fund
Rate/Reference  Frequency
Received
by
the
Fund
Rate/Reference  Frequency
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Premiums
Received
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
1
Year
Interest
Rate
Swap
Citigroup
Inc
2.50%
Annual
Secured
Overnight
Financing
Rate
Annual
$
50,020‌
2.50%
06/08/2026
$
(23‌)
$
(6‌)
$
17‌
Call
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3.20%
Annual
Secured
Overnight
Financing
Rate
Annual
3,886‌
3.20%
12/16/2026
(27‌)
(16‌)
11‌
Call
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
Secured
Overnight
Financing
Rate
Annual
3.60%
Annual
5,167‌
3.60%
02/17/2026
(19‌)
(1‌)
18‌
Put
-
1
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Annual
3.50%
Annual
50,020‌
3.50%
06/08/2026
(48‌)
(23‌)
25‌
Put
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Annual
4.60%
Annual
3,886‌
4.60%
12/16/2026
(32‌)
(23‌)
9‌
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
Secured
Overnight
Financing
Rate
Annual
4.00%
Annual
18,793‌
4.00%
04/23/2026
(115‌)
(110‌)
5‌
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
Secured
Overnight
Financing
Rate
Annual
4.00%
Annual
5,167‌
4.00%
02/17/2026
(20‌)
(4‌)
16‌
Put
-
2
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Annual
4.30%
Annual
108,324‌
4.30%
09/20/2027
(301‌)
(229‌)
72‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Annual
4.00%
Annual
21,070‌
4.00%
12/08/2027
(96‌)
(85‌)
11‌
Put
-
2
Year
Interest
Rate
Swap
Deutsche
Bank
AG
4.50%
Annual
Secured
Overnight
Financing
Rate
Annual
61,290‌
4.50%
12/16/2027
(155‌)
(130‌)
25‌
Total
$
(836‌)
$
(627‌)
$
209‌
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
3
Month
Secured
Overnight
Financing
Rate;
December
2026
Short
7‌
$
1,695‌
$
(1‌)
US
10
Year
Treasury
Note;
March
2026
Short
10‌
1,118‌
5‌
US
10
Year
Treasury
Ultra
Note;
March
2026
Short
182‌
20,776‌
102‌
US
2
Year
Treasury
Note;
March
2026
Long
191‌
39,822‌
(13‌)
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
108
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
5
Year
Treasury  Note;
March
2026
Short
196‌
$
21,350‌
$
(10‌)
Total
$
83‌
Amounts
in
thousands
except
contracts.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Barclays
Bank
PLC
02/03/2026
JPY
21,241‌
$
139‌
$
—‌
$
(2‌)
Barclays
Bank
PLC
02/03/2026
$
6,366‌
JPY
991,836‌
—‌
(43‌)
Deutsche
Bank
AG
02/03/2026
JPY
822,560‌
$
5,386‌
—‌
(71‌)
Deutsche
Bank
AG
03/18/2026
PEN
7,657‌
$
2,276‌
—‌
(4‌)
Deutsche
Bank
AG
03/18/2026
$
2,267‌
PEN
7,657‌
—‌
(5‌)
HSBC
Securities
Inc
02/03/2026
CAD
611‌
$
444‌
4‌
—‌
Morgan
Stanley
&
Co
03/18/2026
BRL
51,646‌
$
9,499‌
220‌
—‌
Morgan
Stanley
&
Co
03/18/2026
$
9,382‌
BRL
51,646‌
—‌
(337‌)
Royal
Bank
of
Scotland
02/03/2026
GBP
3,171‌
$
4,371‌
—‌
(32‌)
Royal
Bank
of
Scotland
02/03/2026
EUR
111‌
$
133‌
—‌
(1‌)
Royal
Bank
of
Scotland
02/03/2026
$
52‌
AUD
77‌
—‌
(2‌)
Royal
Bank
of
Scotland
02/03/2026
$
312‌
EUR
266‌
—‌
(3‌)
Royal
Bank
of
Scotland
03/18/2026
MXN
61,650‌
$
3,402‌
113‌
—‌
Royal
Bank
of
Scotland
03/18/2026
$
3,471‌
MXN
61,650‌
—‌
(44‌)
Standard
Chartered
Bank,
Hong
Kong
02/03/2026
$
3,799‌
GBP
2,815‌
—‌
(53‌)
Total
$
337‌
$
(597‌)
Amounts
in
thousands.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Premiums
Paid/(Received)
Fair
Value
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.43%
Maturity
Maturity
N/A
04/15/2030
$
3,795‌
$
12‌
$
—‌
$
12‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.63%
Maturity
Maturity
N/A
09/09/2030
10,471‌
(52‌)
1‌
(51‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.92%
Maturity
Maturity
N/A
10/15/2027
12,385‌
(104‌)
—‌
(104‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.68%
Maturity
Maturity
N/A
04/15/2029
2,190‌
(10‌)
—‌
(10‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.78%
Maturity
Maturity
N/A
04/08/2027
9,500‌
(51‌)
—‌
(51‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.92%
Maturity
Maturity
N/A
05/12/2027
27,895‌
(207‌)
—‌
(207‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.65%
Maturity
Maturity
N/A
07/15/2027
18,670‌
(52‌)
—‌
(52‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.43%
Maturity
Maturity
N/A
04/15/2030
1,870‌
6‌
—‌
6‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.70%
Maturity
Maturity
N/A
07/22/2030
3,543‌
(25‌)
—‌
(25‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Pay
2.39%
Maturity
Maturity
N/A
04/15/2030
3,243‌
(12‌)
(4‌)
(16‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.69%
Maturity
Maturity
N/A
07/17/2030
5,811‌
(38‌)
—‌
(38‌)
Secured
Overnight
Financing
Rate
Pay
3.23%
Annual
Annual
N/A
12/09/2027
25,400‌
(3‌)
1‌
(2‌)
Secured
Overnight
Financing
Rate
Receive
3.79%
Annual
Annual
N/A
05/16/2026
30,713‌
85‌
—‌
85‌
Secured
Overnight
Financing
Rate
Pay
3.90%
Annual
Annual
N/A
05/16/2026
23,570‌
(40‌)
—‌
(40‌)
Secured
Overnight
Financing
Rate
Receive
3.81%
Annual
Annual
N/A
05/16/2026
23,570‌
56‌
4‌
60‌
Secured
Overnight
Financing
Rate
Pay
3.80%
Annual
Annual
N/A
05/16/2026
30,713‌
(83‌)
—‌
(83‌)
US
Federal
Funds
Effective
Rate
Pay
3.59%
Annual
Annual
N/A
03/18/2026
175,491‌
(12‌)
—‌
(12‌)
US
Federal
Funds
Effective
Rate
Pay
3.59%
Annual
Annual
N/A
03/18/2026
367,719‌
(25‌)
—‌
(25‌)
US
Federal
Funds
Effective
Rate
Pay
3.62%
Annual
Annual
N/A
03/18/2026
183,726‌
(6‌)
—‌
(6‌)
Total
$
(561‌)
$
2‌
$
(559‌)
Amounts
in
thousands.
(a)    
Forward
swap.
Schedule
of
Investments
International
Equity
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
109
INVESTMENT
COMPANIES
-
1
.58
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.58
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
1,408,781‌
$
1,409‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
110,217,138‌
110,217‌
$
111,626‌
TOTAL
INVESTMENT
COMPANIES
$
111,626‌
COMMON
STOCKS
-
98
.02
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
5
.24
%
Airbus
SE
757,244‌
$
173,372‌
BAE
Systems
PLC
6,863,523‌
186,323‌
CSG
NV
(d)
280,089‌
10,144‌
$
369,839‌
Agriculture
-
2
.85
%
British
American
Tobacco
PLC
3,331,083‌
201,242‌
Apparel
-
1
.74
%
PRADA
SpA
13,212,100‌
67,545‌
Samsonite
Group
SA
(e)
21,715,800‌
55,173‌
$
122,718‌
Banks
-
14
.15
%
AIB
Group
PLC
21,189,766‌
236,863‌
Erste
Group
Bank
AG
1,819,690‌
236,577‌
HDFC
Bank
Ltd
ADR
2,391,633‌
77,441‌
National
Bank
of
Greece
SA
9,621,778‌
169,868‌
NatWest
Group
PLC
14,357,228‌
130,862‌
Sberbank
of
Russia
PJSC
ADR
(d)
194,243‌
—‌
UniCredit
SpA
1,687,127‌
147,027‌
$
998,638‌
Biotechnology
-
1
.27
%
Argenx
SE
(d)
106,523‌
89,583‌
Building
Materials
-
2
.56
%
CRH
PLC
1,017,847‌
124,233‌
CRH
PLC
457,824‌
56,042‌
$
180,275‌
Computers
-
2
.53
%
Fujitsu
Ltd
6,431,400‌
178,701‌
Cosmetics
&
Personal
Care
-
2
.80
%
Haleon
PLC
37,778,883‌
197,579‌
Distribution
&
Wholesale
-
1
.58
%
Rexel
SA
2,655,544‌
111,282‌
Electronics
-
1
.63
%
Hoya
Corp
683,700‌
114,695‌
Engineering
&
Construction
-
1
.38
%
Obayashi
Corp
4,309,600‌
97,282‌
Entertainment
-
1
.23
%
Entain
PLC
10,457,470‌
86,757‌
Food
-
0
.00
%
Magnit
PJSC
(d)
24,200‌
—‌
Healthcare
-
Products
-
1
.51
%
Smith
&
Nephew
PLC
6,254,197‌
106,592‌
Healthcare
-
Services
-
2
.48
%
ICON
PLC
(d)
971,391‌
175,093‌
Insurance
-
9
.05
%
AIA
Group
Ltd
21,850,000‌
252,094‌
Hannover
Rueck
SE
549,578‌
155,394‌
Sompo
Holdings
Inc
6,712,300‌
231,470‌
$
638,958‌
Internet
-
6
.28
%
Spotify
Technology
SA
(d)
140,515‌
70,307‌
Tencent
Holdings
Ltd
3,120,700‌
239,863‌
Trip.com
Group
Ltd
2,165,150‌
132,887‌
$
443,057‌
Iron
&
Steel
-
0
.00
%
Evraz
PLC
(d)
204,000‌
—‌
Lodging
-
0
.98
%
Galaxy
Entertainment
Group
Ltd
13,667,000‌
69,439‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
-
0
.81
%
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
659,610‌
$
57,399‌
Mining
-
3
.55
%
Teck
Resources
Ltd
4,667,706‌
250,517‌
Oil
&
Gas
-
4
.40
%
ARC
Resources
Ltd
3,823,400‌
70,956‌
Gazprom
PJSC
(d)
288,000‌
—‌
LUKOIL
PJSC
(d)
20,000‌
—‌
Novatek
PJSC
(d)
67,000‌
—‌
Suncor
Energy
Inc
4,528,816‌
239,371‌
$
310,327‌
Pharmaceuticals
-
5
.31
%
Ascendis
Pharma
A/S
ADR
(d)
193,635‌
43,781‌
AstraZeneca
PLC
1,127,762‌
210,117‌
Sanofi
SA
1,282,445‌
120,965‌
$
374,863‌
Pipelines
-
0
.91
%
Gaztransport
Et
Technigaz
SA
298,888‌
64,395‌
Retail
-
4
.29
%
Dollarama
Inc
477,344‌
64,328‌
Yum
China
Holdings
Inc
4,791,780‌
238,260‌
$
302,588‌
Semiconductors
-
13
.21
%
ASML
Holding
NV
216,395‌
310,291‌
Samsung
Electronics
Co
Ltd
3,178,493‌
351,143‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
744,000‌
41,140‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
695,500‌
229,905‌
$
932,479‌
Software
-
0
.92
%
Constellation
Software
Inc/Canada
-
Warrants
(d),(f)
500‌
—‌
Nice
Ltd
ADR
(d),(g)
607,218‌
64,614‌
$
64,614‌
Telecommunications
-
3
.67
%
Deutsche
Telekom
AG
7,720,102‌
259,074‌
Toys,
Games
&
Hobbies
-
1
.69
%
Nintendo
Co
Ltd
1,927,800‌
119,380‌
TOTAL
COMMON
STOCKS
$
6,917,366‌
Total
Investments
$
7,028,992‌
Other
Assets
and
Liabilities
-  0.40%
28,414‌
TOTAL
NET
ASSETS
-
100.00%
$
7,057,406‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$13,689
or
0.19%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$55,173
or
0.78%
of
net
assets.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(g)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$13,158
or
0.19%
of
net
assets.
Schedule
of
Investments
International
Equity
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
110
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
2,296‌
$
941,164‌
$
833,243‌
$
110,217‌
$
2,296‌
$
941,164‌
$
833,243‌
$
110,217‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
456‌
$
—‌
$
—‌
$
—‌
$
456‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
111
INVESTMENT
COMPANIES
-
1
.66
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.19
%
iShares
Russell
1000
Growth
ETF
28,100‌
$
13,093‌
Money
Market
Funds
-
1
.47
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
424,850‌
425‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(c)
97,159,107‌
97,159‌
$
97,584‌
TOTAL
INVESTMENT
COMPANIES
$
110,677‌
CONVERTIBLE
PREFERRED
STOCKS
-
0
.26
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.13
%
Waymo
LLC
Series
A-2
0.00%
(d),(e),(f)
48,770‌
$
8,229‌
Chemicals
-
0
.03
%
Sila
Nano
Series
F
0.00%
(d),(e),(f)
103,620‌
1,888‌
Software
-
0
.10
%
Nuro
-
Series
C
0.00%
(d),(e),(f)
353,308‌
5,335‌
Rappi
Inc
-
Series
E
0.00%
(d),(e),(f)
103,387‌
1,506‌
$
6,841‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
16,958‌
COMMON
STOCKS
-
98
.16
%
Shares
Held
Value
(000's)
Advertising
-
0
.00
%
Trade
Desk
Inc/The
(d)
7,846‌
$
238‌
Aerospace
&
Defense
-
2
.65
%
Boeing
Co/The
(d)
173,227‌
40,487‌
FTAI
Aviation
Ltd
1,768‌
481‌
General
Electric
Co
18,314‌
5,619‌
HEICO
Corp
730‌
242‌
HEICO
Corp
-
Class
A
1,298‌
330‌
Howmet
Aerospace
Inc
310,287‌
64,564‌
Karman
Holdings
Inc
(d)
895‌
93‌
Leonardo
DRS
Inc
492‌
20‌
Loar
Holdings
Inc
(d)
723‌
50‌
Lockheed
Martin
Corp
1,003‌
636‌
Rocket
Lab
Corp
(d)
7,280‌
583‌
StandardAero
Inc
(d)
774,097‌
23,912‌
TransDigm
Group
Inc
27,352‌
39,046‌
$
176,063‌
Agriculture
-
0
.00
%
Darling
Ingredients
Inc
(d)
290‌
13‌
Airlines
-
0
.00
%
Alaska
Air
Group
Inc
(d)
329‌
17‌
American
Airlines
Group
Inc
(d)
681‌
9‌
Southwest
Airlines
Co
907‌
43‌
$
69‌
Apparel
-
0
.01
%
Birkenstock
Holding
Plc
(d)
264‌
10‌
Deckers
Outdoor
Corp
(d)
2,535‌
303‌
On
Holding
AG
(d)
3,911‌
177‌
Ralph
Lauren
Corp
38‌
13‌
Tapestry
Inc
3,320‌
421‌
$
924‌
Automobile
Manufacturers
-
0
.29
%
Tesla
Inc
(d)
44,850‌
19,304‌
Automobile
Parts
&
Equipment
-
0
.00
%
Allison
Transmission
Holdings
Inc
231‌
25‌
Banks
-
0
.04
%
Bank
of
America
Corp
9,301‌
495‌
Bank
of
New
York
Mellon
Corp/The
937‌
112‌
Citigroup
Inc
5,567‌
644‌
Goldman
Sachs
Group
Inc/The
278‌
260‌
NU
Holdings
Ltd/Cayman
Islands
(d)
58,940‌
1,046‌
Popular
Inc
121‌
16‌
Western
Alliance
Bancorp
423‌
38‌
$
2,611‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Beverages
-
0
.06
%
Celsius
Holdings
Inc
(d)
2,873‌
$
151‌
Coca-Cola
Co/The
33,525‌
2,508‌
Coca-Cola
Consolidated
Inc
144‌
22‌
Monster
Beverage
Corp
(d)
12,288‌
992‌
PepsiCo
Inc
3,285‌
505‌
$
4,178‌
Biotechnology
-
1
.09
%
Alnylam
Pharmaceuticals
Inc
(d)
82,187‌
27,784‌
Amgen
Inc
6,978‌
2,386‌
Apellis
Pharmaceuticals
Inc
(d)
2,019‌
46‌
Argenx
SE
ADR
(d)
45,571‌
38,302‌
Exelixis
Inc
(d)
3,736‌
155‌
Gilead
Sciences
Inc
5,893‌
837‌
Halozyme
Therapeutics
Inc
(d)
2,007‌
144‌
Incyte
Corp
(d)
731‌
73‌
Insmed
Inc
(d)
3,439‌
539‌
Ionis
Pharmaceuticals
Inc
(d)
2,568‌
212‌
Sarepta
Therapeutics
Inc
(d)
1,589‌
32‌
Summit
Therapeutics
Inc
(d),(g)
2,403‌
35‌
Ultragenyx
Pharmaceutical
Inc
(d)
1,726‌
42‌
Vertex
Pharmaceuticals
Inc
(d)
4,514‌
2,121‌
Viking
Therapeutics
Inc
(d)
174‌
5‌
$
72,713‌
Building
Materials
-
0
.65
%
AAON
Inc
(g)
1,258‌
115‌
Armstrong
World
Industries
Inc
260‌
48‌
Carlisle
Cos
Inc
91‌
31‌
Eagle
Materials
Inc
45‌
9‌
James
Hardie
Industries
PLC
(d)
1,959‌
45‌
Lennox
International
Inc
558‌
276‌
Simpson
Manufacturing
Co
Inc
58‌
10‌
Trane
Technologies
PLC
101,485‌
42,683‌
$
43,217‌
Chemicals
-
0
.02
%
Ecolab
Inc
1,053‌
297‌
Sherwin-Williams
Co/The
3,666‌
1,300‌
$
1,597‌
Commercial
Services
-
3
.41
%
Adyen
NV
ADR
(d)
2,103,100‌
31,063‌
Affirm
Holdings
Inc
(d)
2,856‌
172‌
Automatic
Data
Processing
Inc
6,641‌
1,639‌
Avis
Budget
Group
Inc
(d),(g)
96‌
11‌
Block
Inc
(d)
1,789,296‌
108,128‌
Booz
Allen
Hamilton
Holding
Corp
2,084‌
184‌
Bright
Horizons
Family
Solutions
Inc
(d)
122‌
11‌
Cintas
Corp
218,622‌
41,842‌
Corpay
Inc
(d)
1,173‌
369‌
Equifax
Inc
373‌
75‌
Grand
Canyon
Education
Inc
(d)
128‌
22‌
H&R
Block
Inc
354‌
14‌
Moody's
Corp
2,722‌
1,403‌
Morningstar
Inc
271‌
55‌
NIQ
Global
Intelligence
Plc
(d),(g)
393‌
7‌
Paylocity
Holding
Corp
(d)
754‌
102‌
Quanta
Services
Inc
2,007‌
953‌
Rollins
Inc
4,927‌
312‌
S&P
Global
Inc
74,785‌
39,471‌
Shift4
Payments
Inc
(d),(g)
1,239‌
73‌
Toast
Inc
(d)
8,143‌
253‌
U-Haul
Holding
Co
(d)
129‌
7‌
U-Haul
Holding
Co
794‌
41‌
Valvoline
Inc
(d)
2,106‌
69‌
Verisk
Analytics
Inc
1,456‌
317‌
WEX
Inc
(d)
46‌
7‌
WillScot
Holdings
Corp
751‌
15‌
$
226,615‌
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
112
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
-
7
.11
%
Apple
Inc
1,803,336‌
$
467,929‌
Crowdstrike
Holdings
Inc
(d)
4,341‌
1,916‌
Dell
Technologies
Inc
768‌
88‌
ExlService
Holdings
Inc
(d)
2,815‌
110‌
Figure
Technology
Solutions
Inc
(d),(g)
122‌
7‌
Fortinet
Inc
(d)
11,206‌
911‌
Gartner
Inc
(d)
1,274‌
267‌
Globant
SA
(d)
70‌
5‌
KBR
Inc
223‌
9‌
Kyndryl
Holdings
Inc
(d)
346‌
8‌
Lumentum
Holdings
Inc
(d)
109‌
43‌
NetApp
Inc
1,366‌
132‌
Okta
Inc
(d)
1,221‌
103‌
Pure
Storage
Inc
(d)
4,675‌
325‌
Rubrik
Inc
(d)
1,495‌
84‌
Super
Micro
Computer
Inc
(d)
4,113‌
120‌
Zscaler
Inc
(d)
1,737‌
347‌
$
472,404‌
Consumer
Products
-
0
.00
%
Kimberly-Clark
Corp
2,085‌
208‌
Cosmetics
&
Personal
Care
-
0
.01
%
Colgate-Palmolive
Co
6,697‌
605‌
Distribution
&
Wholesale
-
0
.03
%
Copart
Inc
(d)
14,512‌
589‌
Core
&
Main
Inc
(d)
2,055‌
110‌
Fastenal
Co
16,616‌
720‌
Pool
Corp
127‌
32‌
RB
Global
Inc
187‌
21‌
SiteOne
Landscape
Supply
Inc
(d)
266‌
38‌
WW
Grainger
Inc
657‌
710‌
$
2,220‌
Diversified
Financial
Services
-
5
.79
%
Ally
Financial
Inc
539‌
23‌
American
Express
Co
3,099‌
1,091‌
Ameriprise
Financial
Inc
1,485‌
783‌
Apollo
Global
Management
Inc
5,041‌
678‌
Ares
Management
Corp
3,293‌
493‌
Blue
Owl
Capital
Inc
11,020‌
150‌
Brookfield
Asset
Management
Ltd
2,309‌
115‌
Charles
Schwab
Corp/The
2,603‌
270‌
Circle
Internet
Group
Inc
(d)
122‌
8‌
Coinbase
Global
Inc
(d)
383‌
75‌
Credit
Acceptance
Corp
(d),(g)
14‌
7‌
Freedom
Holding
Corp/NV
(d),(g)
310‌
38‌
Hamilton
Lane
Inc
494‌
70‌
Houlihan
Lokey
Inc
384‌
65‌
Interactive
Brokers
Group
Inc
-
A
Shares
472‌
35‌
Jefferies
Financial
Group
Inc
771‌
47‌
Lazard
Inc
296‌
16‌
LPL
Financial
Holdings
Inc
1,388‌
506‌
Mastercard
Inc
374,835‌
201,958‌
Rocket
Cos
Inc
744,000‌
13,340‌
SLM
Corp
462‌
13‌
SoFi
Technologies
Inc
(d)
3,108‌
71‌
TPG
Inc
2,165‌
127‌
Tradeweb
Markets
Inc
362,959‌
37,410‌
UWM
Holdings
Corp
633‌
3‌
Visa
Inc
395,461‌
127,271‌
XP
Inc
580‌
11‌
$
384,674‌
Electric
-
0
.02
%
NRG
Energy
Inc
3,294‌
503‌
Vistra
Corp
5,946‌
941‌
$
1,444‌
Electrical
Components
&
Equipment
-
0
.54
%
Generac
Holdings
Inc
(d)
215,226‌
36,167‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electronics
-
1
.69
%
Amphenol
Corp
775,959‌
$
111,800‌
Jabil
Inc
1,189‌
282‌
$
112,082‌
Energy
-
Alternate
Sources
-
0
.00
%
Enphase
Energy
Inc
(d)
2,383‌
88‌
Engineering
&
Construction
-
0
.02
%
Comfort
Systems
USA
Inc
612‌
699‌
EMCOR
Group
Inc
262‌
189‌
MasTec
Inc
(d)
231‌
56‌
TopBuild
Corp
(d)
33‌
15‌
$
959‌
Entertainment
-
0
.41
%
Churchill
Downs
Inc
981‌
96‌
DraftKings
Inc
(d)
958,285‌
26,362‌
Flutter
Entertainment
PLC
(d)
2,281‌
377‌
Live
Nation
Entertainment
Inc
(d)
2,768‌
403‌
TKO
Group
Holdings
Inc
516‌
105‌
Vail
Resorts
Inc
526‌
70‌
$
27,413‌
Environmental
Control
-
0
.47
%
Tetra
Tech
Inc
1,005‌
38‌
Veralto
Corp
298,694‌
29,564‌
Waste
Management
Inc
6,505‌
1,446‌
$
31,048‌
Food
-
0
.01
%
Hershey
Co/The
327‌
64‌
Performance
Food
Group
Co
(d)
389‌
37‌
Sprouts
Farmers
Market
Inc
(d)
1,700‌
120‌
Sysco
Corp
4,506‌
378‌
$
599‌
Healthcare
-
Products
-
5
.64
%
Boston
Scientific
Corp
(d)
4,466‌
418‌
Caris
Life
Sciences
Inc
(d)
322‌
7‌
Danaher
Corp
357,280‌
78,205‌
Exact
Sciences
Corp
(d)
171‌
18‌
IDEXX
Laboratories
Inc
(d)
1,402‌
940‌
Inspire
Medical
Systems
Inc
(d)
507‌
38‌
Insulet
Corp
(d)
1,212‌
310‌
Intuitive
Surgical
Inc
(d)
306,588‌
154,588‌
Masimo
Corp
(d)
822‌
113‌
Natera
Inc
(d)
205,168‌
47,423‌
Penumbra
Inc
(d)
651‌
233‌
Repligen
Corp
(d)
109‌
16‌
ResMed
Inc
584‌
151‌
Stryker
Corp
164,706‌
60,868‌
Tempus
AI
Inc
(d)
1,780‌
106‌
Waters
Corp
(d)
541‌
201‌
West
Pharmaceutical
Services
Inc
136,050‌
31,444‌
$
375,079‌
Healthcare
-
Services
-
1
.23
%
Chemed
Corp
30‌
13‌
Cigna
Group/The
81,481‌
22,334‌
DaVita
Inc
(d)
619‌
68‌
HCA
Healthcare
Inc
596‌
291‌
Medpace
Holdings
Inc
(d)
386‌
225‌
Molina
Healthcare
Inc
(d)
491‌
88‌
Sotera
Health
Co
(d)
328‌
6‌
UnitedHealth
Group
Inc
203,829‌
58,485‌
$
81,510‌
Home
Furnishings
-
0
.01
%
SharkNinja
Inc
(d)
294‌
35‌
Somnigroup
International
Inc
3,540‌
311‌
$
346‌
Insurance
-
0
.47
%
Aon
PLC
3,397‌
1,188‌
Arthur
J
Gallagher
&
Co
115,749‌
28,864‌
Brown
&
Brown
Inc
630‌
45‌
Equitable
Holdings
Inc
5,280‌
245‌
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
113
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Everest
Group
Ltd
110‌
$
37‌
Kinsale
Capital
Group
Inc
382‌
151‌
Markel
Group
Inc
(d)
42‌
86‌
Marsh
&
McLennan
Cos
Inc
1,005‌
189‌
Progressive
Corp/The
537‌
112‌
RLI
Corp
101‌
6‌
Ryan
Specialty
Holdings
Inc
1,990‌
96‌
$
31,019‌
Internet
-
23
.16
%
Airbnb
Inc
(d)
7,481‌
968‌
Alphabet
Inc
-
A
Shares
1,154,651‌
390,272‌
Alphabet
Inc
-
C
Shares
265,904‌
90,016‌
Amazon.com
Inc
(d)
1,328,885‌
318,002‌
AppLovin
Corp
(d)
63,502‌
30,043‌
Booking
Holdings
Inc
11,152‌
55,781‌
CDW
Corp/DE
158‌
20‌
Chewy
Inc
(d)
3,819‌
111‌
Coupang
Inc
(d)
23,010‌
464‌
DoorDash
Inc
-
Class
A
(d)
171,987‌
35,192‌
Etsy
Inc
(d)
1,054‌
56‌
Expedia
Group
Inc
2,041‌
541‌
Gen
Digital
Inc
1,229‌
30‌
GoDaddy
Inc
(d)
2,345‌
236‌
Lyft
Inc
(d)
1,021‌
17‌
MercadoLibre
Inc
(d)
24,411‌
52,430‌
Meta
Platforms
Inc
367,048‌
262,990‌
Netflix
Inc
(d)
1,226,754‌
102,422‌
Palo
Alto
Networks
Inc
(d)
322,386‌
57,053‌
Pinterest
Inc
(d)
5,111‌
113‌
Reddit
Inc
(d)
2,166‌
391‌
Robinhood
Markets
Inc
(d)
1,719‌
171‌
Roku
Inc
(d)
345‌
33‌
Sea
Ltd
ADR
(d)
189,460‌
22,070‌
Shopify
Inc
(d)
206,401‌
27,086‌
Spotify
Technology
SA
(d)
79,374‌
39,714‌
Trump
Media
&
Technology
Group
Corp
(d)
1,441‌
18‌
Uber
Technologies
Inc
(d)
662,301‌
53,017‌
Wayfair
Inc
(d)
362‌
37‌
$
1,539,294‌
Iron
&
Steel
-
0
.00
%
Carpenter
Technology
Corp
160‌
51‌
Steel
Dynamics
Inc
270‌
48‌
$
99‌
Leisure
Products
&
Services
-
0
.03
%
Carnival
Corp
5,840‌
176‌
Norwegian
Cruise
Line
Holdings
Ltd
(d)
7,069‌
155‌
Planet
Fitness
Inc
(d)
1,452‌
132‌
Royal
Caribbean
Cruises
Ltd
4,448‌
1,444‌
Viking
Holdings
Ltd
(d)
3,050‌
220‌
$
2,127‌
Lodging
-
1
.17
%
Choice
Hotels
International
Inc
167‌
17‌
Hilton
Worldwide
Holdings
Inc
255,886‌
76,385‌
Las
Vegas
Sands
Corp
5,383‌
284‌
Marriott
International
Inc/MD
3,014‌
950‌
Travel
+
Leisure
Co
334‌
23‌
Wyndham
Hotels
&
Resorts
Inc
1,242‌
91‌
$
77,750‌
Machinery
-
Construction
&
Mining
-
0
.08
%
BWX
Technologies
Inc
283‌
58‌
Caterpillar
Inc
996‌
655‌
GE
Vernova
Inc
4,805‌
3,490‌
Vertiv
Holdings
Co
6,690‌
1,246‌
$
5,449‌
Machinery
-
Diversified
-
0
.38
%
Ingersoll
Rand
Inc
289,694‌
24,940‌
Rockwell
Automation
Inc
167‌
70‌
$
25,010‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
-
0
.00
%
FactSet
Research
Systems
Inc
41‌
$
11‌
Liberty
Broadband
Corp
-
A
Shares
(d)
148‌
7‌
Liberty
Broadband
Corp
-
C
Shares
(d)
398‌
19‌
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(d)
117‌
9‌
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
1,219‌
106‌
Nexstar
Media
Group
Inc
39‌
8‌
$
160‌
Metal
Fabrication
&
Hardware
-
0
.00
%
RBC
Bearings
Inc
(d)
111‌
55‌
Mining
-
0
.00
%
Anglogold
Ashanti
Plc
1,069‌
99‌
Miscellaneous
Manufacturers
-
1
.38
%
3M
Co
1,485‌
227‌
Axon
Enterprise
Inc
(d)
1,306‌
632‌
Entegris
Inc
502,708‌
59,355‌
Fabrinet
(d)
63,700‌
31,177‌
Illinois
Tool
Works
Inc
1,646‌
430‌
$
91,821‌
Oil
&
Gas
-
0
.01
%
HF
Sinclair
Corp
257‌
13‌
Phillips
66
539‌
78‌
Texas
Pacific
Land
Corp
999‌
348‌
$
439‌
Oil
&
Gas
Services
-
0
.00
%
SLB
Ltd
2,219‌
107‌
Pharmaceuticals
-
1
.98
%
AbbVie
Inc
31,199‌
6,958‌
Bristol-Myers
Squibb
Co
6,893‌
379‌
Cardinal
Health
Inc
2,088‌
449‌
Cencora
Inc
3,212‌
1,154‌
Corcept
Therapeutics
Inc
(d)
1,759‌
70‌
Dexcom
Inc
(d)
6,876‌
502‌
Eli
Lilly
&
Co
114,956‌
119,227‌
McKesson
Corp
2,032‌
1,689‌
Neurocrine
Biosciences
Inc
(d)
1,435‌
195‌
Zoetis
Inc
6,258‌
781‌
$
131,404‌
Pipelines
-
0
.02
%
Cheniere
Energy
Inc
1,672‌
354‌
Targa
Resources
Corp
3,722‌
748‌
Williams
Cos
Inc/The
1,137‌
76‌
$
1,178‌
Private
Equity
-
0
.03
%
Blackstone
Inc
13,071‌
1,862‌
KKR
&
Co
Inc
2,958‌
338‌
$
2,200‌
Real
Estate
-
0
.00
%
CBRE
Group
Inc
(d)
575‌
98‌
CoStar
Group
Inc
(d)
968‌
60‌
Jones
Lang
LaSalle
Inc
(d)
224‌
80‌
$
238‌
REITs
-
0
.03
%
American
Tower
Corp
8,231‌
1,476‌
Lamar
Advertising
Co
1,495‌
192‌
Public
Storage
366‌
101‌
Simon
Property
Group
Inc
1,242‌
237‌
Sun
Communities
Inc
413‌
53‌
UDR
Inc
299‌
11‌
$
2,070‌
Retail
-
1
.63
%
AutoZone
Inc
(d)
46‌
170‌
BJ's
Wholesale
Club
Holdings
Inc
(d)
399‌
37‌
Burlington
Stores
Inc
(d)
1,082‌
320‌
Carvana
Co
(d)
2,366‌
949‌
Casey's
General
Stores
Inc
109‌
66‌
Cava
Group
Inc
(d)
1,741‌
106‌
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
114
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Chipotle
Mexican
Grill
Inc
(d)
854,508‌
$
33,215‌
Costco
Wholesale
Corp
65,799‌
61,867‌
Darden
Restaurants
Inc
1,932‌
385‌
Domino's
Pizza
Inc
179‌
73‌
Dutch
Bros
Inc
(d)
2,041‌
111‌
Ferguson
Enterprises
Inc
198‌
50‌
Floor
&
Decor
Holdings
Inc
(d)
596‌
39‌
Freshpet
Inc
(d)
267‌
19‌
Home
Depot
Inc/The
13,360‌
5,004‌
Lithia
Motors
Inc
45‌
15‌
Lululemon
Athletica
Inc
(d)
1,031‌
180‌
McDonald's
Corp
711‌
224‌
Murphy
USA
Inc
305‌
129‌
O'Reilly
Automotive
Inc
(d)
13,643‌
1,343‌
Restaurant
Brands
International
Inc
3,613‌
242‌
RH
(d)
53‌
11‌
Ross
Stores
Inc
1,096‌
207‌
Starbucks
Corp
2,629‌
242‌
Texas
Roadhouse
Inc
1,140‌
205‌
TJX
Cos
Inc/The
9,848‌
1,475‌
Tractor
Supply
Co
9,357‌
476‌
Ulta
Beauty
Inc
(d)
192‌
124‌
Walmart
Inc
7,649‌
911‌
Wendy's
Co/The
1,603‌
12‌
Williams-Sonoma
Inc
329‌
67‌
Wingstop
Inc
466‌
124‌
Yum!
Brands
Inc
1,624‌
253‌
$
108,651‌
Semiconductors
-
17
.74
%
Advanced
Micro
Devices
Inc
(d)
16,580‌
3,925‌
Applied
Materials
Inc
3,988‌
1,285‌
Astera
Labs
Inc
(d)
2,194‌
330‌
Broadcom
Inc
1,026,535‌
340,091‌
KLA
Corp
2,315‌
3,306‌
Lam
Research
Corp
22,099‌
5,159‌
Lattice
Semiconductor
Corp
(d)
490,175‌
39,469‌
MACOM
Technology
Solutions
Holdings
Inc
(d)
277‌
61‌
Marvell
Technology
Inc
602,013‌
47,511‌
Monolithic
Power
Systems
Inc
814‌
915‌
NVIDIA
Corp
3,718,560‌
710,728‌
Onto
Innovation
Inc
(d)
223‌
45‌
QUALCOMM
Inc
4,334‌
657‌
Texas
Instruments
Inc
6,539‌
1,410‌
Tower
Semiconductor
Ltd
(d)
180,900‌
24,373‌
$
1,179,265‌
Software
-
17
.01
%
Adobe
Inc
(d)
7,355‌
2,157‌
Appfolio
Inc
(d)
387‌
73‌
Atlassian
Corp
(d)
2,897‌
342‌
Autodesk
Inc
(d)
138,671‌
35,066‌
Bentley
Systems
Inc
(g)
2,936‌
103‌
Broadridge
Financial
Solutions
Inc
1,840‌
363‌
Bullish
(d),(g)
101‌
3‌
Cadence
Design
Systems
Inc
(d)
135,683‌
40,211‌
Cloudflare
Inc
(d)
5,510‌
977‌
Confluent
Inc
(d)
5,057‌
154‌
Datadog
Inc
(d)
516,027‌
66,733‌
Dayforce
Inc
(d)
195‌
14‌
Docusign
Inc
(d)
2,651‌
139‌
DoubleVerify
Holdings
Inc
(d)
1,321‌
14‌
Doximity
Inc
(d)
2,500‌
94‌
Dropbox
Inc
-
A
Shares
(d)
803‌
20‌
Duolingo
Inc
(d)
712‌
95‌
Dynatrace
Inc
(d)
5,156‌
196‌
Elastic
NV
(d)
1,600‌
105‌
Fair
Isaac
Corp
(d)
24,594‌
35,985‌
Fiserv
Inc
(d)
2,584‌
165‌
Gitlab
Inc
(d)
2,458‌
86‌
Guidewire
Software
Inc
(d)
1,469‌
207‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
HubSpot
Inc
(d)
167,087‌
$
46,785‌
Intuit
Inc
235,472‌
117,482‌
Magic
Leap
Inc
(d),(e),(f)
10,706‌
—‌
Manhattan
Associates
Inc
(d)
1,031‌
156‌
Microsoft
Corp
1,412,955‌
607,980‌
MongoDB
Inc
(d)
88,141‌
32,729‌
MSCI
Inc
630‌
384‌
nCino
Inc
(d)
345‌
7‌
Nutanix
Inc
(d)
1,122‌
44‌
Oracle
Corp
29,631‌
4,877‌
Palantir
Technologies
Inc
(d)
38,461‌
5,638‌
Paychex
Inc
1,753‌
181‌
Paycom
Software
Inc
494‌
67‌
Pegasystems
Inc
595‌
26‌
Procore
Technologies
Inc
(d)
1,995‌
113‌
PTC
Inc
(d)
283‌
44‌
RingCentral
Inc
(d)
1,649‌
43‌
ROBLOX
Corp
(d)
446,224‌
29,343‌
Salesforce
Inc
1,818‌
386‌
Samsara
Inc
(d)
1,300,000‌
36,465‌
SentinelOne
Inc
(d)
3,988‌
56‌
ServiceNow
Inc
(d)
480,413‌
56,213‌
Snowflake
Inc
-
Class
A
(d)
5,768‌
1,112‌
Strategy
Inc
(d)
262‌
39‌
Stripe
Inc
-
Class
B
(d),(e),(f)
114,126‌
4,727‌
Synopsys
Inc
(d)
2,378‌
1,106‌
Take-Two
Interactive
Software
Inc
(d)
1,065‌
235‌
Teradata
Corp
(d)
353‌
10‌
Twilio
Inc
(d)
425‌
51‌
Tyler
Technologies
Inc
(d)
612‌
226‌
Unity
Software
Inc
(d)
373‌
11‌
Veeva
Systems
Inc
(d)
2,047‌
417‌
Workday
Inc
(d)
3,773‌
663‌
$
1,130,918‌
Telecommunications
-
1
.83
%
Arista
Networks
Inc
(d)
586,918‌
83,190‌
AST
SpaceMobile
Inc
(d)
3,561‌
396‌
Ciena
Corp
(d)
109,600‌
27,598‌
GCI
Liberty
Inc
-
Class
A
(d)
29‌
1‌
GCI
Liberty
Inc
-
Class
C
(d)
113‌
4‌
Iridium
Communications
Inc
100‌
2‌
Motorola
Solutions
Inc
1,219‌
491‌
T-Mobile
US
Inc
50,900‌
10,038‌
Ubiquiti
Inc
87‌
48‌
$
121,768‌
Transportation
-
0
.01
%
Old
Dominion
Freight
Line
Inc
216‌
37‌
Union
Pacific
Corp
806‌
190‌
XPO
Inc
(d),(g)
439‌
65‌
$
292‌
TOTAL
COMMON
STOCKS
$
6,525,826‌
Total
Investments
$
6,653,461‌
Other
Assets
and
Liabilities
-  (0.08)%
(
5,586‌
)
TOTAL
NET
ASSETS
-
100.00%
$
6,647,875‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$425
or
0.01%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
115
(f)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(g)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$409
or
0.01%
of
net
assets.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
154,085‌
$
656,487‌
$
713,413‌
$
97,159‌
$
154,085‌
$
656,487‌
$
713,413‌
$
97,159‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
1,158‌
$
—‌
$
—‌
$
—‌
$
1,158‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Magic
Leap
Inc
01/20/2016-10/12/2017
$
5,204‌
$
—‌
0.00%
Nuro
-
Series
C  
0.00%
10/30/2020
4,612‌
5,335‌
0.08%
Rappi
Inc
-
Series
E  
0.00%
09/08/2020
6,177‌
1,506‌
0.02%
Sila
Nano
Series
F  
0.00%
01/07/2021
4,277‌
1,888‌
0.03%
Stripe
Inc
-
Class
B
12/17/2019
1,791‌
4,727‌
0.07%
Waymo
LLC
Series
A-2  
0.00%
05/08/2020
4,188‌
8,229‌
0.13%
Total
$
21,685‌
0.33%
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
March
2026
Long
25‌
$
8,707‌
$
(
50‌
)
Total
$
(
50‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
116
INVESTMENT
COMPANIES
-
2
.96
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.69
%
iShares
Core
S&P
500
ETF
127,300‌
$
88,477‌
Money
Market
Funds
-
2
.27
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
1,304,348‌
1,304‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(c)
289,408,763‌
289,409‌
$
290,713‌
TOTAL
INVESTMENT
COMPANIES
$
379,190‌
COMMON
STOCKS
-
96
.90
%
Shares
Held
Value
(000's)
Advertising
-
0
.06
%
Omnicom
Group
Inc
66,858‌
$
5,151‌
Trade
Desk
Inc/The
(d)
92,292‌
2,799‌
$
7,950‌
Aerospace
&
Defense
-
2
.15
%
Boeing
Co/The
(d)
164,126‌
38,360‌
General
Dynamics
Corp
53,140‌
18,657‌
General
Electric
Co
221,089‌
67,828‌
Howmet
Aerospace
Inc
84,272‌
17,535‌
L3Harris
Technologies
Inc
39,208‌
13,442‌
Lockheed
Martin
Corp
42,682‌
27,070‌
Northrop
Grumman
Corp
28,121‌
19,467‌
RTX
Corp
281,024‌
56,466‌
TransDigm
Group
Inc
11,806‌
16,854‌
$
275,679‌
Agriculture
-
0
.71
%
Altria
Group
Inc
351,850‌
21,811‌
Archer-Daniels-Midland
Co
100,727‌
6,780‌
Bunge
Global
SA
28,369‌
3,231‌
Philip
Morris
International
Inc
326,271‌
58,546‌
$
90,368‌
Airlines
-
0
.16
%
Delta
Air
Lines
Inc
135,955‌
8,958‌
Southwest
Airlines
Co
108,396‌
5,151‌
United
Airlines
Holdings
Inc
(d)
67,856‌
6,943‌
$
21,052‌
Apparel
-
0
.21
%
Deckers
Outdoor
Corp
(d)
30,548‌
3,645‌
NIKE
Inc
249,279‌
15,408‌
Ralph
Lauren
Corp
8,123‌
2,871‌
Tapestry
Inc
42,895‌
5,444‌
$
27,368‌
Automobile
Manufacturers
-
2
.43
%
Cummins
Inc
28,932‌
16,747‌
Ford
Motor
Co
820,298‌
11,386‌
General
Motors
Co
195,527‌
16,424‌
PACCAR
Inc
110,083‌
13,530‌
Tesla
Inc
(d)
588,962‌
253,495‌
$
311,582‌
Automobile
Parts
&
Equipment
-
0
.03
%
Aptiv
PLC
(d)
45,289‌
3,431‌
Banks
-
4
.51
%
Bank
of
America
Corp
1,408,154‌
74,914‌
Bank
of
New
York
Mellon
Corp/The
146,164‌
17,528‌
Citigroup
Inc
375,038‌
43,396‌
Citizens
Financial
Group
Inc
90,021‌
5,669‌
Fifth
Third
Bancorp
188,456‌
9,464‌
Goldman
Sachs
Group
Inc/The
62,867‌
58,806‌
Huntington
Bancshares
Inc/OH
426,018‌
7,447‌
JPMorgan
Chase
&
Co
570,586‌
174,537‌
KeyCorp
194,715‌
4,190‌
M&T
Bank
Corp
32,214‌
7,138‌
Morgan
Stanley
253,171‌
46,280‌
Northern
Trust
Corp
39,640‌
5,923‌
PNC
Financial
Services
Group
Inc/The
82,197‌
18,355‌
Regions
Financial
Corp
183,794‌
5,238‌
State
Street
Corp
58,545‌
7,661‌
Truist
Financial
Corp
268,130‌
13,787‌
US
Bancorp
325,809‌
18,281‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Wells
Fargo
&
Co
657,952‌
$
59,538‌
$
578,152‌
Beverages
-
1
.03
%
Brown-Forman
Corp
-
B
Shares
36,908‌
1,010‌
Coca-Cola
Co/The
811,455‌
60,705‌
Constellation
Brands
Inc
29,548‌
4,630‌
Keurig
Dr
Pepper
Inc
284,760‌
7,814‌
Molson
Coors
Beverage
Co
35,486‌
1,705‌
Monster
Beverage
Corp
(d)
149,490‌
12,073‌
PepsiCo
Inc
286,594‌
44,029‌
$
131,966‌
Biotechnology
-
1
.08
%
Amgen
Inc
112,866‌
38,586‌
Biogen
Inc
(d)
30,747‌
5,531‌
Corteva
Inc
141,634‌
10,311‌
Gilead
Sciences
Inc
260,047‌
36,913‌
Incyte
Corp
(d)
34,563‌
3,459‌
Moderna
Inc
(d)
72,877‌
3,212‌
Regeneron
Pharmaceuticals
Inc
21,126‌
15,664‌
Vertex
Pharmaceuticals
Inc
(d)
53,181‌
24,990‌
$
138,666‌
Building
Materials
-
0
.68
%
Builders
FirstSource
Inc
(d)
23,177‌
2,651‌
Carrier
Global
Corp
165,936‌
9,887‌
CRH
PLC
140,488‌
17,197‌
Johnson
Controls
International
plc
128,094‌
15,277‌
Lennox
International
Inc
6,691‌
3,313‌
Martin
Marietta
Materials
Inc
12,641‌
8,241‌
Masco
Corp
43,533‌
2,877‌
Trane
Technologies
PLC
46,478‌
19,548‌
Vulcan
Materials
Co
27,695‌
8,323‌
$
87,314‌
Chemicals
-
0
.96
%
Air
Products
and
Chemicals
Inc
46,647‌
12,711‌
Albemarle
Corp
24,669‌
4,209‌
CF
Industries
Holdings
Inc
32,691‌
3,048‌
Dow
Inc
148,975‌
4,104‌
DuPont
de
Nemours
Inc
87,816‌
3,857‌
Ecolab
Inc
53,430‌
15,067‌
International
Flavors
&
Fragrances
Inc
53,678‌
3,747‌
Linde
PLC
97,873‌
44,725‌
LyondellBasell
Industries
NV
53,970‌
2,645‌
Mosaic
Co/The
66,529‌
1,830‌
PPG
Industries
Inc
47,034‌
5,439‌
Qnity
Electronics
Inc
43,898‌
4,222‌
Sherwin-Williams
Co/The
48,323‌
17,137‌
$
122,741‌
Commercial
Services
-
1
.18
%
Automatic
Data
Processing
Inc
84,772‌
20,923‌
Block
Inc
(d)
114,791‌
6,937‌
Cintas
Corp
71,598‌
13,703‌
Corpay
Inc
(d)
14,663‌
4,613‌
Equifax
Inc
25,654‌
5,167‌
Global
Payments
Inc
49,622‌
3,560‌
Moody's
Corp
32,159‌
16,580‌
PayPal
Holdings
Inc
196,112‌
10,333‌
Quanta
Services
Inc
31,254‌
14,834‌
Rollins
Inc
61,519‌
3,897‌
S&P
Global
Inc
64,978‌
34,295‌
United
Rentals
Inc
13,338‌
10,431‌
Verisk
Analytics
Inc
29,213‌
6,353‌
$
151,626‌
Computers
-
8
.02
%
Accenture
PLC
-
Class
A
129,981‌
34,268‌
Apple
Inc
3,097,120‌
803,641‌
Cognizant
Technology
Solutions
Corp
101,162‌
8,301‌
Crowdstrike
Holdings
Inc
(d)
52,600‌
23,218‌
Dell
Technologies
Inc
63,173‌
7,229‌
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
117
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
EPAM
Systems
Inc
(d)
11,579‌
$
2,415‌
Fortinet
Inc
(d)
132,489‌
10,766‌
Gartner
Inc
(d)
15,108‌
3,167‌
Hewlett
Packard
Enterprise
Co
276,555‌
5,951‌
HP
Inc
195,913‌
3,809‌
International
Business
Machines
Corp
195,918‌
60,088‌
Leidos
Holdings
Inc
26,798‌
5,046‌
NetApp
Inc
41,840‌
4,031‌
Sandisk
Corp/DE
(d)
29,181‌
16,816‌
Seagate
Technology
Holdings
PLC
45,665‌
18,617‌
Super
Micro
Computer
Inc
(d)
105,105‌
3,060‌
Western
Digital
Corp
71,663‌
17,932‌
$
1,028,355‌
Consumer
Products
-
0
.14
%
Avery
Dennison
Corp
16,200‌
3,005‌
Church
&
Dwight
Co
Inc
50,331‌
4,844‌
Clorox
Co/The
25,567‌
2,884‌
Kimberly-Clark
Corp
69,558‌
6,955‌
$
17,688‌
Cosmetics
&
Personal
Care
-
0
.80
%
Colgate-Palmolive
Co
168,952‌
15,255‌
Estee
Lauder
Cos
Inc/The
51,531‌
5,940‌
Kenvue
Inc
401,552‌
6,987‌
Procter
&
Gamble
Co/The
489,779‌
74,334‌
$
102,516‌
Distribution
&
Wholesale
-
0
.23
%
Copart
Inc
(d)
186,628‌
7,573‌
Fastenal
Co
240,627‌
10,434‌
Pool
Corp
6,871‌
1,746‌
WW
Grainger
Inc
9,170‌
9,903‌
$
29,656‌
Diversified
Financial
Services
-
3
.67
%
American
Express
Co
112,620‌
39,661‌
Ameriprise
Financial
Inc
19,474‌
10,267‌
Apollo
Global
Management
Inc
97,323‌
13,094‌
Ares
Management
Corp
43,178‌
6,463‌
Blackrock
Inc
30,242‌
33,839‌
Capital
One
Financial
Corp
133,250‌
29,172‌
Cboe
Global
Markets
Inc
21,931‌
5,813‌
Charles
Schwab
Corp/The
350,099‌
36,382‌
CME
Group
Inc
75,580‌
21,847‌
Coinbase
Global
Inc
(d)
47,821‌
9,313‌
Franklin
Resources
Inc
64,424‌
1,715‌
Interactive
Brokers
Group
Inc
-
A
Shares
93,349‌
6,990‌
Intercontinental
Exchange
Inc
119,510‌
20,769‌
Invesco
Ltd
93,293‌
2,546‌
Mastercard
Inc
171,865‌
92,599‌
Nasdaq
Inc
94,549‌
9,161‌
Raymond
James
Financial
Inc
36,955‌
6,129‌
Synchrony
Financial
75,493‌
5,483‌
T
Rowe
Price
Group
Inc
45,743‌
4,834‌
Visa
Inc
353,728‌
113,840‌
$
469,917‌
Electric
-
2
.06
%
AES
Corp/The
149,261‌
2,187‌
Alliant
Energy
Corp
53,880‌
3,551‌
Ameren
Corp
56,696‌
5,856‌
American
Electric
Power
Co
Inc
112,190‌
13,438‌
CenterPoint
Energy
Inc
136,842‌
5,431‌
CMS
Energy
Corp
63,784‌
4,560‌
Consolidated
Edison
Inc
75,651‌
8,067‌
Constellation
Energy
Corp
65,456‌
18,372‌
Dominion
Energy
Inc
178,979‌
10,769‌
DTE
Energy
Co
43,529‌
5,849‌
Duke
Energy
Corp
162,998‌
19,780‌
Edison
International
80,652‌
5,023‌
Entergy
Corp
93,606‌
8,976‌
Evergy
Inc
48,254‌
3,703‌
Eversource
Energy
78,639‌
5,436‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
Exelon
Corp
211,756‌
$
9,482‌
FirstEnergy
Corp
108,969‌
5,159‌
NextEra
Energy
Inc
436,513‌
38,369‌
NRG
Energy
Inc
40,168‌
6,131‌
PG&E
Corp
460,682‌
7,104‌
Pinnacle
West
Capital
Corp
25,085‌
2,347‌
PPL
Corp
155,052‌
5,621‌
Public
Service
Enterprise
Group
Inc
104,623‌
8,617‌
Sempra
136,803‌
11,903‌
Southern
Co/The
230,790‌
20,612‌
Vistra
Corp
66,757‌
10,571‌
WEC
Energy
Group
Inc
68,180‌
7,545‌
Xcel
Energy
Inc
123,987‌
9,430‌
$
263,889‌
Electrical
Components
&
Equipment
-
0
.46
%
AMETEK
Inc
48,250‌
10,807‌
Eaton
Corp
PLC
81,410‌
28,609‌
Emerson
Electric
Co
117,754‌
17,305‌
Generac
Holdings
Inc
(d)
12,300‌
2,067‌
$
58,788‌
Electronics
-
0
.95
%
Allegion
plc
18,030‌
2,982‌
Amphenol
Corp
256,561‌
36,965‌
Fortive
Corp
66,572‌
3,516‌
Garmin
Ltd
34,267‌
6,910‌
Honeywell
International
Inc
133,072‌
30,276‌
Hubbell
Inc
11,140‌
5,436‌
Jabil
Inc
22,393‌
5,311‌
Keysight
Technologies
Inc
(d)
36,021‌
7,792‌
Mettler-Toledo
International
Inc
(d)
4,283‌
5,882‌
TE
Connectivity
PLC
61,662‌
13,737‌
Trimble
Inc
(d)
49,868‌
3,371‌
$
122,178‌
Energy
-
Alternate
Sources
-
0
.04
%
First
Solar
Inc
(d)
22,490‌
5,072‌
Engineering
&
Construction
-
0
.15
%
Comfort
Systems
USA
Inc
7,376‌
8,424‌
EMCOR
Group
Inc
9,384‌
6,763‌
Jacobs
Solutions
Inc
25,055‌
3,389‌
$
18,576‌
Entertainment
-
0
.06
%
Live
Nation
Entertainment
Inc
(d)
33,095‌
4,814‌
TKO
Group
Holdings
Inc
13,895‌
2,815‌
$
7,629‌
Environmental
Control
-
0
.27
%
Pentair
PLC
34,299‌
3,614‌
Republic
Services
Inc
42,175‌
9,072‌
Veralto
Corp
52,042‌
5,151‌
Waste
Management
Inc
77,687‌
17,265‌
$
35,102‌
Food
-
0
.49
%
Campbell's
Company/The
41,182‌
1,152‌
Conagra
Brands
Inc
100,263‌
1,856‌
General
Mills
Inc
111,804‌
5,172‌
Hershey
Co/The
31,055‌
6,048‌
Hormel
Foods
Corp
61,098‌
1,503‌
J
M
Smucker
Co/The
22,361‌
2,345‌
Kraft
Heinz
Co/The
178,629‌
4,241‌
Kroger
Co/The
127,784‌
8,031‌
Lamb
Weston
Holdings
Inc
29,208‌
1,341‌
McCormick
&
Co
Inc/MD
53,078‌
3,282‌
Mondelez
International
Inc
270,459‌
15,814‌
Sysco
Corp
100,367‌
8,416‌
Tyson
Foods
Inc
59,326‌
3,876‌
$
63,077‌
Forest
Products
&
Paper
-
0
.04
%
International
Paper
Co
110,677‌
4,463‌
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
118
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Gas
-
0
.08
%
Atmos
Energy
Corp
33,645‌
$
5,596‌
NiSource
Inc
100,018‌
4,430‌
$
10,026‌
Hand
&
Machine
Tools
-
0
.05
%
Snap-on
Inc
10,902‌
3,991‌
Stanley
Black
&
Decker
Inc
32,462‌
2,554‌
$
6,545‌
Healthcare
-
Products
-
2
.49
%
Abbott
Laboratories
364,468‌
39,836‌
Agilent
Technologies
Inc
59,421‌
7,953‌
Align
Technology
Inc
(d)
13,985‌
2,280‌
Baxter
International
Inc
107,744‌
2,162‌
Bio-Techne
Corp
32,658‌
2,093‌
Boston
Scientific
Corp
(d)
310,717‌
29,061‌
Cooper
Cos
Inc/The
(d)
41,671‌
3,391‌
Danaher
Corp
131,765‌
28,842‌
Edwards
Lifesciences
Corp
(d)
121,631‌
9,896‌
GE
HealthCare
Technologies
Inc
95,479‌
7,540‌
Hologic
Inc
(d)
46,649‌
3,495‌
IDEXX
Laboratories
Inc
(d)
16,738‌
11,222‌
Insulet
Corp
(d)
14,745‌
3,772‌
Intuitive
Surgical
Inc
(d)
74,304‌
37,466‌
Medtronic
PLC
268,835‌
27,679‌
ResMed
Inc
30,595‌
7,903‌
Revvity
Inc
23,764‌
2,586‌
Solventum
Corp
(d)
30,903‌
2,379‌
STERIS
PLC
20,572‌
5,402‌
Stryker
Corp
72,142‌
26,661‌
Thermo
Fisher
Scientific
Inc
78,750‌
45,566‌
Waters
Corp
(d)
12,479‌
4,626‌
West
Pharmaceutical
Services
Inc
15,078‌
3,485‌
Zimmer
Biomet
Holdings
Inc
41,537‌
3,617‌
$
318,913‌
Healthcare
-
Services
-
1
.06
%
Centene
Corp
(d)
97,869‌
4,240‌
Charles
River
Laboratories
International
Inc
(d)
10,315‌
2,171‌
Cigna
Group/The
55,989‌
15,347‌
DaVita
Inc
(d)
7,399‌
809‌
Elevance
Health
Inc
46,582‌
16,105‌
HCA
Healthcare
Inc
33,482‌
16,348‌
Humana
Inc
25,210‌
4,921‌
IQVIA
Holdings
Inc
(d)
35,693‌
8,215‌
Labcorp
Holdings
Inc
17,376‌
4,718‌
Molina
Healthcare
Inc
(d)
10,774‌
1,935‌
Quest
Diagnostics
Inc
23,316‌
4,361‌
UnitedHealth
Group
Inc
189,864‌
54,477‌
Universal
Health
Services
Inc
11,577‌
2,330‌
$
135,977‌
Home
Builders
-
0
.18
%
DR
Horton
Inc
57,402‌
8,544‌
Lennar
Corp
-
A
Shares
45,223‌
4,945‌
NVR
Inc
(d)
596‌
4,551‌
PulteGroup
Inc
40,855‌
5,110‌
$
23,150‌
Insurance
-
3
.09
%
Aflac
Inc
98,869‌
10,970‌
Allstate
Corp/The
54,848‌
10,914‌
American
International
Group
Inc
113,095‌
8,469‌
Aon
PLC
45,049‌
15,751‌
Arch
Capital
Group
Ltd
(d)
75,686‌
7,269‌
Arthur
J
Gallagher
&
Co
53,825‌
13,422‌
Assurant
Inc
10,496‌
2,499‌
Berkshire
Hathaway
Inc
-
Class
B
(d)
384,351‌
184,692‌
Brown
&
Brown
Inc
61,541‌
4,437‌
Chubb
Ltd
76,715‌
23,748‌
Cincinnati
Financial
Corp
32,702‌
5,262‌
Erie
Indemnity
Co
(e)
5,324‌
1,507‌
Everest
Group
Ltd
8,797‌
2,914‌
Globe
Life
Inc
16,685‌
2,340‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Hartford
Insurance
Group
Inc/The
58,405‌
$
7,888‌
Loews
Corp
35,519‌
3,750‌
Marsh
&
McLennan
Cos
Inc
102,685‌
19,324‌
MetLife
Inc
116,007‌
9,151‌
Principal
Financial
Group
Inc
41,904‌
3,969‌
Progressive
Corp/The
122,909‌
25,565‌
Prudential
Financial
Inc
73,361‌
8,151‌
Travelers
Cos
Inc/The
46,755‌
13,302‌
W
R
Berkley
Corp
62,924‌
4,315‌
Willis
Towers
Watson
PLC
20,069‌
6,371‌
$
395,980‌
Internet
-
14
.28
%
Airbnb
Inc
(d)
89,141‌
11,532‌
Alphabet
Inc
-
A
Shares
1,219,452‌
412,175‌
Alphabet
Inc
-
C
Shares
974,643‌
329,946‌
Amazon.com
Inc
(d)
2,039,005‌
487,934‌
AppLovin
Corp
(d)
56,736‌
26,842‌
Booking
Holdings
Inc
6,756‌
33,792‌
CDW
Corp/DE
27,287‌
3,449‌
DoorDash
Inc
-
Class
A
(d)
78,353‌
16,033‌
eBay
Inc
94,740‌
8,642‌
Expedia
Group
Inc
24,526‌
6,495‌
F5
Inc
(d)
12,089‌
3,332‌
Gen
Digital
Inc
117,628‌
2,822‌
GoDaddy
Inc
(d)
28,326‌
2,847‌
Match
Group
Inc
49,481‌
1,541‌
Meta
Platforms
Inc
456,485‌
327,072‌
Netflix
Inc
(d)
888,142‌
74,151‌
Palo
Alto
Networks
Inc
(d)
143,361‌
25,371‌
Robinhood
Markets
Inc
(d)
164,819‌
16,396‌
Uber
Technologies
Inc
(d)
435,514‌
34,863‌
VeriSign
Inc
17,488‌
4,271‌
$
1,829,506‌
Iron
&
Steel
-
0
.11
%
Nucor
Corp
47,969‌
8,525‌
Steel
Dynamics
Inc
28,773‌
5,167‌
$
13,692‌
Leisure
Products
&
Services
-
0
.20
%
Carnival
Corp
227,587‌
6,832‌
Norwegian
Cruise
Line
Holdings
Ltd
(d)
95,421‌
2,096‌
Royal
Caribbean
Cruises
Ltd
53,157‌
17,257‌
$
26,185‌
Lodging
-
0
.28
%
Hilton
Worldwide
Holdings
Inc
48,718‌
14,543‌
Las
Vegas
Sands
Corp
63,771‌
3,363‌
Marriott
International
Inc/MD
46,685‌
14,720‌
MGM
Resorts
International
(d)
42,993‌
1,442‌
Wynn
Resorts
Ltd
17,695‌
1,901‌
$
35,969‌
Machinery
-
Construction
&
Mining
-
0
.83
%
Caterpillar
Inc
98,089‌
64,480‌
GE
Vernova
Inc
56,870‌
41,308‌
$
105,788‌
Machinery
-
Diversified
-
0
.61
%
Deere
&
Co
52,697‌
27,824‌
Dover
Corp
28,747‌
5,792‌
IDEX
Corp
15,689‌
3,115‌
Ingersoll
Rand
Inc
75,362‌
6,488‌
Nordson
Corp
11,188‌
3,071‌
Otis
Worldwide
Corp
81,685‌
6,978‌
Rockwell
Automation
Inc
23,534‌
9,923‌
Westinghouse
Air
Brake
Technologies
Corp
35,833‌
8,247‌
Xylem
Inc/NY
51,032‌
7,036‌
$
78,474‌
Media
-
0
.73
%
Charter
Communications
Inc
(d)
18,444‌
3,802‌
Comcast
Corp
-
Class
A
761,780‌
22,663‌
FactSet
Research
Systems
Inc
7,850‌
1,997‌
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
119
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
(continued)
Fox
Corp
-
A
Shares
43,673‌
$
3,178‌
Fox
Corp
-
B
Shares
31,109‌
2,040‌
News
Corp
-
A
Shares
78,492‌
2,121‌
News
Corp
-
B
Shares
(e)
25,873‌
805‌
Paramount
Skydance
Corp
65,138‌
730‌
Walt
Disney
Co/The
374,197‌
42,209‌
Warner
Bros
Discovery
Inc
(d)
519,381‌
14,304‌
$
93,849‌
Mining
-
0
.34
%
Freeport-McMoRan
Inc
300,971‌
18,127‌
Newmont
Corp
228,729‌
25,698‌
$
43,825‌
Miscellaneous
Manufacturers
-
0
.59
%
3M
Co
111,345‌
17,054‌
A
O
Smith
Corp
23,762‌
1,746‌
Axon
Enterprise
Inc
(d)
16,538‌
7,997‌
Illinois
Tool
Works
Inc
55,333‌
14,456‌
Parker-Hannifin
Corp
26,450‌
24,753‌
Teledyne
Technologies
Inc
(d)
9,840‌
6,104‌
Textron
Inc
36,937‌
3,253‌
$
75,363‌
Office
&
Business
Equipment
-
0
.02
%
Zebra
Technologies
Corp
(d)
10,618‌
2,495‌
Oil
&
Gas
-
2
.44
%
APA
Corp
74,338‌
1,963‌
Chevron
Corp
396,711‌
70,178‌
ConocoPhillips
259,007‌
26,996‌
Coterra
Energy
Inc
159,586‌
4,604‌
Devon
Energy
Corp
131,482‌
5,287‌
Diamondback
Energy
Inc
39,036‌
6,400‌
EOG
Resources
Inc
113,729‌
12,753‌
EQT
Corp
130,805‌
7,551‌
Expand
Energy
Corp
49,921‌
5,612‌
Exxon
Mobil
Corp
883,917‌
124,986‌
Marathon
Petroleum
Corp
63,007‌
11,101‌
Occidental
Petroleum
Corp
150,744‌
6,842‌
Phillips
66
84,453‌
12,124‌
Texas
Pacific
Land
Corp
12,136‌
4,228‌
Valero
Energy
Corp
63,931‌
11,599‌
$
312,224‌
Oil
&
Gas
Services
-
0
.26
%
Baker
Hughes
Co
206,826‌
11,591‌
Halliburton
Co
176,406‌
5,913‌
SLB
Ltd
313,125‌
15,149‌
$
32,653‌
Packaging
&
Containers
-
0
.13
%
Amcor
PLC
96,765‌
4,282‌
Ball
Corp
56,170‌
3,194‌
Packaging
Corp
of
America
18,732‌
4,169‌
Smurfit
WestRock
PLC
109,451‌
4,557‌
$
16,202‌
Pharmaceuticals
-
4
.55
%
AbbVie
Inc
370,442‌
82,612‌
Becton
Dickinson
&
Co
60,077‌
12,224‌
Bristol-Myers
Squibb
Co
426,694‌
23,489‌
Cardinal
Health
Inc
49,799‌
10,701‌
Cencora
Inc
40,638‌
14,598‌
CVS
Health
Corp
266,071‌
19,828‌
Dexcom
Inc
(d)
81,748‌
5,971‌
Eli
Lilly
&
Co
166,449‌
172,633‌
Henry
Schein
Inc
(d)
20,974‌
1,583‌
Johnson
&
Johnson
504,986‌
114,758‌
McKesson
Corp
25,871‌
21,504‌
Merck
&
Co
Inc
520,232‌
57,366‌
Pfizer
Inc
1,191,723‌
31,509‌
Viatris
Inc
241,410‌
3,160‌
Zoetis
Inc
92,370‌
11,530‌
$
583,466‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pipelines
-
0
.38
%
Kinder
Morgan
Inc
410,350‌
$
12,512‌
ONEOK
Inc
131,887‌
10,444‌
Targa
Resources
Corp
44,993‌
9,043‌
Williams
Cos
Inc/The
255,968‌
17,216‌
$
49,215‌
Private
Equity
-
0
.30
%
Blackstone
Inc
154,778‌
22,043‌
KKR
&
Co
Inc
143,856‌
16,437‌
$
38,480‌
Real
Estate
-
0
.12
%
CBRE
Group
Inc
(d)
61,441‌
10,465‌
CoStar
Group
Inc
(d)
88,832‌
5,463‌
$
15,928‌
REITs
-
1
.67
%
Alexandria
Real
Estate
Equities
Inc
32,601‌
1,781‌
American
Tower
Corp
98,124‌
17,592‌
AvalonBay
Communities
Inc
29,642‌
5,266‌
BXP
Inc
30,888‌
1,997‌
Camden
Property
Trust
22,300‌
2,432‌
Crown
Castle
Inc
91,277‌
7,924‌
Digital
Realty
Trust
Inc
67,677‌
11,231‌
Equinix
Inc
20,579‌
16,894‌
Equity
Residential
72,571‌
4,523‌
Essex
Property
Trust
Inc
13,499‌
3,400‌
Extra
Space
Storage
Inc
44,488‌
6,138‌
Federal
Realty
Investment
Trust
16,455‌
1,665‌
Healthpeak
Properties
Inc
145,661‌
2,511‌
Host
Hotels
&
Resorts
Inc
134,050‌
2,484‌
Invitation
Homes
Inc
118,210‌
3,160‌
Iron
Mountain
Inc
61,954‌
5,708‌
Kimco
Realty
Corp
141,941‌
2,992‌
Mid-America
Apartment
Communities
Inc
24,540‌
3,296‌
Prologis
Inc
194,688‌
25,418‌
Public
Storage
33,100‌
9,142‌
Realty
Income
Corp
192,810‌
11,792‌
Regency
Centers
Corp
34,501‌
2,514‌
SBA
Communications
Corp
22,332‌
4,112‌
Simon
Property
Group
Inc
68,427‌
13,091‌
UDR
Inc
63,036‌
2,342‌
Ventas
Inc
98,454‌
7,647‌
VICI
Properties
Inc
224,021‌
6,290‌
Welltower
Inc
143,853‌
27,096‌
Weyerhaeuser
Co
151,092‌
3,895‌
$
214,333‌
Retail
-
4
.23
%
AutoZone
Inc
(d)
3,486‌
12,913‌
Best
Buy
Co
Inc
40,954‌
2,666‌
Carvana
Co
(d)
29,642‌
11,890‌
Chipotle
Mexican
Grill
Inc
(d)
277,150‌
10,773‌
Costco
Wholesale
Corp
92,892‌
87,342‌
Darden
Restaurants
Inc
24,379‌
4,860‌
Dollar
General
Corp
46,136‌
6,617‌
Dollar
Tree
Inc
(d)
39,760‌
4,675‌
Domino's
Pizza
Inc
6,516‌
2,674‌
Genuine
Parts
Co
29,158‌
4,053‌
Home
Depot
Inc/The
208,632‌
78,151‌
Lowe's
Cos
Inc
117,547‌
31,392‌
Lululemon
Athletica
Inc
(d)
22,618‌
3,947‌
McDonald's
Corp
149,268‌
47,019‌
O'Reilly
Automotive
Inc
(d)
176,924‌
17,411‌
Ross
Stores
Inc
68,168‌
12,860‌
Starbucks
Corp
238,295‌
21,911‌
Target
Corp
95,243‌
10,045‌
TJX
Cos
Inc/The
233,272‌
34,947‌
Tractor
Supply
Co
110,754‌
5,635‌
Ulta
Beauty
Inc
(d)
9,399‌
6,085‌
Walmart
Inc
919,109‌
109,503‌
Williams-Sonoma
Inc
25,527‌
5,224‌
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
120
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Yum!
Brands
Inc
58,195‌
$
9,049‌
$
541,642‌
Semiconductors
-
14
.29
%
Advanced
Micro
Devices
Inc
(d)
341,236‌
80,781‌
Analog
Devices
Inc
103,114‌
32,056‌
Applied
Materials
Inc
166,976‌
53,820‌
Broadcom
Inc
989,805‌
327,922‌
Intel
Corp
(d)
939,803‌
43,673‌
KLA
Corp
27,541‌
39,327‌
Lam
Research
Corp
263,264‌
61,462‌
Microchip
Technology
Inc
113,276‌
8,600‌
Micron
Technology
Inc
235,268‌
97,608‌
Monolithic
Power
Systems
Inc
10,041‌
11,288‌
NVIDIA
Corp
5,093,274‌
973,477‌
NXP
Semiconductors
NV
52,751‌
11,929‌
ON
Semiconductor
Corp
(d)
84,339‌
5,051‌
QUALCOMM
Inc
224,482‌
34,029‌
Skyworks
Solutions
Inc
31,161‌
1,737‌
Teradyne
Inc
32,826‌
7,913‌
Texas
Instruments
Inc
190,448‌
41,051‌
$
1,831,724‌
Shipbuilding
-
0
.03
%
Huntington
Ingalls
Industries
Inc
8,226‌
3,459‌
Software
-
8
.34
%
Adobe
Inc
(d)
87,738‌
25,729‌
Akamai
Technologies
Inc
(d)
30,153‌
2,929‌
Autodesk
Inc
(d)
44,644‌
11,289‌
Broadridge
Financial
Solutions
Inc
24,465‌
4,822‌
Cadence
Design
Systems
Inc
(d)
57,053‌
16,908‌
Datadog
Inc
(d)
68,211‌
8,821‌
Dayforce
Inc
(d)
33,542‌
2,324‌
Electronic
Arts
Inc
47,048‌
9,594‌
Fair
Isaac
Corp
(d)
4,971‌
7,273‌
Fidelity
National
Information
Services
Inc
108,541‌
5,997‌
Fiserv
Inc
(d)
112,734‌
7,185‌
Intuit
Inc
58,439‌
29,156‌
Jack
Henry
&
Associates
Inc
15,170‌
2,719‌
Microsoft
Corp
1,557,826‌
670,317‌
MSCI
Inc
15,751‌
9,596‌
Oracle
Corp
352,539‌
58,021‌
Palantir
Technologies
Inc
(d)
478,794‌
70,186‌
Paychex
Inc
67,891‌
7,002‌
Paycom
Software
Inc
10,243‌
1,380‌
PTC
Inc
(d)
25,108‌
3,920‌
Roper
Technologies
Inc
22,562‌
8,376‌
Salesforce
Inc
199,539‌
42,360‌
ServiceNow
Inc
(d)
218,047‌
25,514‌
Synopsys
Inc
(d)
38,932‌
18,108‌
Take-Two
Interactive
Software
Inc
(d)
36,404‌
8,020‌
Tyler
Technologies
Inc
(d)
9,020‌
3,332‌
Workday
Inc
(d)
45,482‌
7,988‌
$
1,068,866‌
Telecommunications
-
1
.75
%
Arista
Networks
Inc
(d)
216,434‌
30,677‌
AT&T
Inc
1,485,947‌
38,947‌
Cisco
Systems
Inc
825,976‌
64,691‌
Corning
Inc
163,528‌
16,884‌
Motorola
Solutions
Inc
34,911‌
14,053‌
T-Mobile
US
Inc
100,808‌
19,880‌
Verizon
Communications
Inc
883,762‌
39,345‌
$
224,477‌
Toys,
Games
&
Hobbies
-
0
.02
%
Hasbro
Inc
27,942‌
2,496‌
Transportation
-
0
.84
%
CH
Robinson
Worldwide
Inc
24,761‌
4,827‌
CSX
Corp
390,304‌
14,738‌
Expeditors
International
of
Washington
Inc
28,091‌
4,510‌
FedEx
Corp
45,500‌
14,662‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
(continued)
JB
Hunt
Transport
Services
Inc
15,767‌
$
3,196‌
Norfolk
Southern
Corp
47,032‌
13,698‌
Old
Dominion
Freight
Line
Inc
38,568‌
6,680‌
Union
Pacific
Corp
124,327‌
29,229‌
United
Parcel
Service
Inc
154,891‌
16,453‌
$
107,993‌
Water
-
0
.04
%
American
Water
Works
Co
Inc
40,898‌
5,281‌
TOTAL
COMMON
STOCKS
$
12,418,977‌
Total
Investments
$
12,798,167‌
Other
Assets
and
Liabilities
-  0.14%
17,758‌
TOTAL
NET
ASSETS
-
100.00%
$
12,815,925‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,304
or
0.01%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,289
or
0.01%
of
net
assets.
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
121
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
273,435‌
$
713,629‌
$
697,655‌
$
289,409‌
$
273,435‌
$
713,629‌
$
697,655‌
$
289,409‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
2,374‌
$
—‌
$
—‌
$
—‌
$
2,374‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
March
2026
Long
878‌
$
305,796‌
$
(
1,399‌
)
Total
$
(
1,399‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
122
INVESTMENT
COMPANIES
-
6
.55
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
4
.22
%
Invesco
Exchange-Traded
Fund
Trust
-
Invesco
S&P
500
Pure
Value
ETF
(a)
943,183‌
$
101,232‌
Money
Market
Funds
-
2
.33
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(b),(c)
1,061,149‌
1,061‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(b),(d)
54,766,230‌
54,766‌
$
55,827‌
TOTAL
INVESTMENT
COMPANIES
$
157,059‌
COMMON
STOCKS
-
93
.50
%
Shares
Held
Value
(000's)
Advertising
-
0
.01
%
Omnicom
Group
Inc
3,697‌
$
285‌
Aerospace
&
Defense
-
0
.64
%
ATI
Inc
(e)
1,545‌
186‌
Boeing
Co/The
(e)
7,494‌
1,751‌
Curtiss-Wright
Corp
439‌
288‌
General
Dynamics
Corp
17,242‌
6,054‌
Hexcel
Corp
926‌
77‌
L3Harris
Technologies
Inc
2,171‌
744‌
Leonardo
DRS
Inc
682‌
28‌
Loar
Holdings
Inc
(e)
61‌
4‌
Lockheed
Martin
Corp
1,740‌
1,104‌
Northrop
Grumman
Corp
1,585‌
1,097‌
RTX
Corp
15,647‌
3,144‌
StandardAero
Inc
(e)
1,598‌
49‌
TransDigm
Group
Inc
533‌
761‌
$
15,287‌
Agriculture
-
0
.21
%
Altria
Group
Inc
19,653‌
1,218‌
Archer-Daniels-Midland
Co
5,537‌
373‌
Bunge
Global
SA
1,532‌
174‌
Darling
Ingredients
Inc
(e)
1,719‌
79‌
Philip
Morris
International
Inc
18,229‌
3,271‌
$
5,115‌
Airlines
-
0
.05
%
Alaska
Air
Group
Inc
(e)
1,176‌
60‌
American
Airlines
Group
Inc
(e)
7,504‌
100‌
Delta
Air
Lines
Inc
7,572‌
499‌
Southwest
Airlines
Co
4,798‌
228‌
United
Airlines
Holdings
Inc
(e)
3,758‌
384‌
$
1,271‌
Apparel
-
0
.05
%
Birkenstock
Holding
Plc
(e)
566‌
21‌
Columbia
Sportswear
Co
386‌
21‌
Crocs
Inc
(e)
589‌
49‌
NIKE
Inc
13,467‌
832‌
PVH
Corp
591‌
37‌
Ralph
Lauren
Corp
410‌
145‌
Tapestry
Inc
201‌
26‌
Under
Armour
Inc
-
Class
A
(e)
2,809‌
17‌
Under
Armour
Inc
-
Class
C
(e)
2,742‌
17‌
VF
Corp
4,109‌
81‌
$
1,246‌
Automobile
Manufacturers
-
0
.14
%
Cummins
Inc
1,609‌
931‌
Ford
Motor
Co
45,494‌
632‌
General
Motors
Co
10,905‌
916‌
Lucid
Group
Inc
(a),(e)
1,847‌
20‌
PACCAR
Inc
6,031‌
741‌
Rivian
Automotive
Inc
(e)
9,001‌
133‌
$
3,373‌
Automobile
Parts
&
Equipment
-
1
.44
%
Allison
Transmission
Holdings
Inc
807‌
88‌
Aptiv
PLC
(e)
451,002‌
34,163‌
Aurora
Innovation
Inc
(e)
13,642‌
57‌
BorgWarner
Inc
2,503‌
119‌
Gentex
Corp
2,568‌
59‌
Lear
Corp
605‌
71‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Parts
&
Equipment
(continued)
QuantumScape
Corp
(e)
5,260‌
$
47‌
$
34,604‌
Banks
-
8
.16
%
Bank
of
America
Corp
997,213‌
53,052‌
Bank
of
New
York
Mellon
Corp/The
7,551‌
905‌
Bank
of
Nova
Scotia/The
370,778‌
27,705‌
Bank
OZK
1,321‌
63‌
BOK
Financial
Corp
274‌
36‌
Citigroup
Inc
17,064‌
1,974‌
Citizens
Financial
Group
Inc
5,038‌
317‌
Columbia
Banking
System
Inc
3,651‌
107‌
Commerce
Bancshares
Inc/MO
1,515‌
80‌
Cullen/Frost
Bankers
Inc
56,007‌
7,719‌
East
West
Bancorp
Inc
1,557‌
178‌
Fifth
Third
Bancorp
10,558‌
530‌
First
Citizens
BancShares
Inc/NC
106‌
219‌
First
Hawaiian
Inc
1,526‌
40‌
First
Horizon
Corp
5,828‌
143‌
FNB
Corp/PA
4,154‌
73‌
Goldman
Sachs
Group
Inc/The
3,251‌
3,041‌
Huntington
Bancshares
Inc/OH
23,425‌
409‌
JPMorgan
Chase
&
Co
65,296‌
19,974‌
KeyCorp
10,998‌
237‌
M&T
Bank
Corp
1,798‌
398‌
Morgan
Stanley
13,469‌
2,462‌
Northern
Trust
Corp
2,180‌
326‌
Pinnacle
Financial
Partners
Inc
1,746‌
166‌
PNC
Financial
Services
Group
Inc/The
4,612‌
1,030‌
Popular
Inc
699‌
93‌
Prosperity
Bancshares
Inc
1,070‌
74‌
Regions
Financial
Corp
10,331‌
294‌
SOUTHSTATE
BANK
CORP
77,537‌
7,935‌
State
Street
Corp
3,232‌
423‌
Truist
Financial
Corp
15,018‌
772‌
US
Bancorp
18,191‌
1,021‌
Webster
Financial
Corp
1,912‌
126‌
Wells
Fargo
&
Co
413,227‌
37,393‌
Western
Alliance
Bancorp
293,697‌
26,183‌
Wintrust
Financial
Corp
732‌
108‌
Zions
Bancorp
NA
1,763‌
106‌
$
195,712‌
Beverages
-
2
.16
%
Boston
Beer
Co
Inc/The
(e)
117‌
25‌
Brown-Forman
Corp
-
A
Shares
648‌
18‌
Brown-Forman
Corp
-
B
Shares
1,828‌
50‌
Coca-Cola
Co/The
23,287‌
1,742‌
Coca-Cola
Consolidated
Inc
572‌
87‌
Constellation
Brands
Inc
1,647‌
258‌
Keurig
Dr
Pepper
Inc
1,358,131‌
37,268‌
Molson
Coors
Beverage
Co
2,022‌
97‌
PepsiCo
Inc
79,536‌
12,219‌
Primo
Brands
Corp
3,177‌
60‌
$
51,824‌
Biotechnology
-
0
.23
%
Amgen
Inc
1,633‌
558‌
Biogen
Inc
(e)
1,708‌
307‌
BioMarin
Pharmaceutical
Inc
(e)
2,179‌
123‌
Bio-Rad
Laboratories
Inc
(e)
216‌
63‌
Certara
Inc
(e)
1,802‌
16‌
Corteva
Inc
7,946‌
579‌
Exelixis
Inc
(e)
589‌
24‌
Gilead
Sciences
Inc
10,637‌
1,510‌
Illumina
Inc
(e)
1,766‌
256‌
Incyte
Corp
(e)
1,416‌
142‌
Insmed
Inc
(e)
174‌
27‌
Ionis
Pharmaceuticals
Inc
(e)
163‌
14‌
Moderna
Inc
(e)
4,100‌
181‌
Regeneron
Pharmaceuticals
Inc
1,186‌
879‌
Revolution
Medicines
Inc
(e)
1,983‌
192‌
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
123
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Roivant
Sciences
Ltd
(e)
4,542‌
$
98‌
Royalty
Pharma
PLC
4,525‌
189‌
Sarepta
Therapeutics
Inc
(e)
232‌
5‌
United
Therapeutics
Corp
(e)
495‌
232‌
Viking
Therapeutics
Inc
(e)
1,242‌
36‌
$
5,431‌
Building
Materials
-
2
.08
%
Armstrong
World
Industries
Inc
354‌
65‌
Builders
FirstSource
Inc
(e)
1,225‌
140‌
Carlisle
Cos
Inc
435‌
148‌
Carrier
Global
Corp
9,221‌
550‌
CRH
PLC
7,933‌
971‌
Eagle
Materials
Inc
27,894‌
5,685‌
Fortune
Brands
Innovations
Inc
1,416‌
77‌
Hayward
Holdings
Inc
(e)
2,456‌
40‌
James
Hardie
Industries
PLC
(e)
788‌
18‌
Johnson
Controls
International
plc
341,698‌
40,751‌
Louisiana-Pacific
Corp
780‌
65‌
Martin
Marietta
Materials
Inc
700‌
456‌
Masco
Corp
2,424‌
160‌
Mohawk
Industries
Inc
(e)
593‌
70‌
Owens
Corning
951‌
114‌
Simpson
Manufacturing
Co
Inc
450‌
80‌
Trex
Co
Inc
(e)
1,321‌
55‌
Vulcan
Materials
Co
1,531‌
460‌
$
49,905‌
Chemicals
-
3
.07
%
Air
Products
and
Chemicals
Inc
121,079‌
32,994‌
Albemarle
Corp
1,373‌
234‌
Ashland
Inc
561‌
34‌
Axalta
Coating
Systems
Ltd
(e)
742,214‌
24,924‌
Celanese
Corp
1,278‌
57‌
CF
Industries
Holdings
Inc
1,842‌
172‌
Dow
Inc
8,219‌
226‌
DuPont
de
Nemours
Inc
4,845‌
213‌
Eastman
Chemical
Co
1,343‌
93‌
Ecolab
Inc
2,189‌
617‌
Element
Solutions
Inc
2,634‌
77‌
FMC
Corp
1,452‌
23‌
Huntsman
Corp
1,923‌
21‌
International
Flavors
&
Fragrances
Inc
2,951‌
206‌
Linde
PLC
5,484‌
2,506‌
LyondellBasell
Industries
NV
2,951‌
145‌
Mosaic
Co/The
3,681‌
101‌
NewMarket
Corp
75‌
50‌
Olin
Corp
1,421‌
30‌
PPG
Industries
Inc
2,613‌
302‌
Qnity
Electronics
Inc
104,712‌
10,071‌
RPM
International
Inc
1,445‌
154‌
Sherwin-Williams
Co/The
253‌
90‌
Solstice
Advanced
Materials
Inc
1,846‌
114‌
Westlake
Corp
414‌
33‌
$
73,487‌
Commercial
Services
-
0
.23
%
ADT
Inc
6,317‌
51‌
Affirm
Holdings
Inc
(e)
1,302‌
78‌
API
Group
Corp
(e)
4,259‌
177‌
Aramark
3,006‌
116‌
Automatic
Data
Processing
Inc
347‌
86‌
Avis
Budget
Group
Inc
(a),(e)
164‌
19‌
Block
Inc
(e)
3,915‌
237‌
Bright
Horizons
Family
Solutions
Inc
(e)
613‌
57‌
Clarivate
PLC
(a),(e)
5,182‌
14‌
Equifax
Inc
1,154‌
232‌
Euronet
Worldwide
Inc
(e)
483‌
35‌
FTI
Consulting
Inc
(e)
352‌
61‌
Global
Payments
Inc
2,809‌
202‌
Grand
Canyon
Education
Inc
(e)
245‌
43‌
H&R
Block
Inc
1,232‌
49‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
ManpowerGroup
Inc
684‌
$
25‌
MarketAxess
Holdings
Inc
427‌
72‌
Morningstar
Inc
110‌
22‌
NIQ
Global
Intelligence
Plc
(a),(e)
354‌
6‌
Paylocity
Holding
Corp
(e)
55‌
7‌
PayPal
Holdings
Inc
10,951‌
577‌
Quanta
Services
Inc
386‌
183‌
Robert
Half
Inc
1,224‌
42‌
S&P
Global
Inc
3,547‌
1,872‌
Service
Corp
International/US
1,586‌
128‌
TransUnion
2,236‌
177‌
U-Haul
Holding
Co
(e)
71‌
4‌
U-Haul
Holding
Co
775‌
40‌
United
Rentals
Inc
741‌
579‌
Valvoline
Inc
(e)
215‌
7‌
Verisk
Analytics
Inc
663‌
144‌
WEX
Inc
(e)
386‌
59‌
WillScot
Holdings
Corp
1,641‌
33‌
$
5,434‌
Computers
-
2
.89
%
Accenture
PLC
-
Class
A
29,716‌
7,835‌
Amdocs
Ltd
1,248‌
102‌
Amentum
Holdings
Inc
(e)
1,971‌
70‌
Apple
Inc
43,797‌
11,364‌
CACI
International
Inc
(e)
253‌
157‌
Cognizant
Technology
Solutions
Corp
188,762‌
15,489‌
Crane
NXT
Co
573‌
29‌
Dell
Technologies
Inc
75,824‌
8,678‌
DXC
Technology
Co
(e)
2,136‌
31‌
EPAM
Systems
Inc
(e)
644‌
134‌
Figure
Technology
Solutions
Inc
(a),(e)
334‌
19‌
Genpact
Ltd
1,883‌
83‌
Globant
SA
(e)
456‌
30‌
Hewlett
Packard
Enterprise
Co
869,348‌
18,709‌
HP
Inc
10,969‌
213‌
International
Business
Machines
Corp
10,870‌
3,334‌
KBR
Inc
1,360‌
58‌
Kyndryl
Holdings
Inc
(e)
2,531‌
58‌
Leidos
Holdings
Inc
1,481‌
279‌
Lumentum
Holdings
Inc
(e)
752‌
295‌
NetApp
Inc
1,370‌
132‌
Okta
Inc
(e)
1,125‌
95‌
Parsons
Corp
(e)
653‌
46‌
Pure
Storage
Inc
(e)
549‌
38‌
Rubrik
Inc
(e)
667‌
37‌
SailPoint
Inc
(e)
894‌
14‌
Sandisk
Corp/DE
(e)
1,577‌
909‌
Science
Applications
International
Corp
536‌
55‌
Super
Micro
Computer
Inc
(e)
3,430‌
100‌
Western
Digital
Corp
3,981‌
996‌
$
69,389‌
Consumer
Products
-
0
.04
%
Avery
Dennison
Corp
866‌
160‌
Church
&
Dwight
Co
Inc
2,782‌
268‌
Clorox
Co/The
1,399‌
158‌
Kimberly-Clark
Corp
2,442‌
244‌
Reynolds
Consumer
Products
Inc
811‌
19‌
$
849‌
Cosmetics
&
Personal
Care
-
1
.07
%
Colgate-Palmolive
Co
4,898‌
442‌
Coty
Inc
(e)
5,135‌
16‌
elf
Beauty
Inc
(e)
678‌
58‌
Estee
Lauder
Cos
Inc/The
2,820‌
325‌
Kenvue
Inc
22,136‌
385‌
Perrigo
Co
PLC
1,594‌
23‌
Procter
&
Gamble
Co/The
27,489‌
4,172‌
Unilever
PLC
ADR
297,572‌
20,342‌
$
25,763‌
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
124
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Distribution
&
Wholesale
-
0
.04
%
Copart
Inc
(e)
710‌
$
29‌
Core
&
Main
Inc
(e)
986‌
53‌
Fastenal
Co
2,381‌
103‌
Fermi
Inc
(a),(e)
560‌
5‌
LKQ
Corp
3,175‌
104‌
Pool
Corp
314‌
80‌
RB
Global
Inc
1,992‌
226‌
SiteOne
Landscape
Supply
Inc
(e)
371‌
53‌
Watsco
Inc
405‌
157‌
WESCO
International
Inc
563‌
163‌
WW
Grainger
Inc
77‌
83‌
$
1,056‌
Diversified
Financial
Services
-
5
.25
%
Affiliated
Managers
Group
Inc
339‌
106‌
Air
Lease
Corp
1,218‌
79‌
Ally
Financial
Inc
2,801‌
118‌
American
Express
Co
86,714‌
30,538‌
Ameriprise
Financial
Inc
113‌
60‌
Apollo
Global
Management
Inc
1,420‌
191‌
Blackrock
Inc
1,783‌
1,995‌
Brookfield
Asset
Management
Ltd
2,882‌
143‌
Capital
One
Financial
Corp
70,864‌
15,514‌
Cboe
Global
Markets
Inc
1,216‌
322‌
Charles
Schwab
Corp/The
18,229‌
1,894‌
Circle
Internet
Group
Inc
(e)
494‌
32‌
CME
Group
Inc
4,197‌
1,213‌
Coinbase
Global
Inc
(e)
2,353‌
458‌
Credit
Acceptance
Corp
(a),(e)
60‌
30‌
Evercore
Inc
-
Class
A
430‌
152‌
Franklin
Resources
Inc
3,759‌
100‌
Freedom
Holding
Corp/NV
(a),(e)
39‌
5‌
Hamilton
Lane
Inc
206‌
29‌
Houlihan
Lokey
Inc
392‌
66‌
Interactive
Brokers
Group
Inc
-
A
Shares
4,698‌
352‌
Intercontinental
Exchange
Inc
68,781‌
11,953‌
Invesco
Ltd
4,208‌
115‌
Janus
Henderson
Group
PLC
1,455‌
70‌
Jefferies
Financial
Group
Inc
1,354‌
83‌
Lazard
Inc
918‌
49‌
LPL
Financial
Holdings
Inc
92,856‌
33,846‌
Nasdaq
Inc
5,274‌
511‌
OneMain
Holdings
Inc
1,393‌
91‌
Raymond
James
Financial
Inc
2,054‌
341‌
Rocket
Cos
Inc
10,949‌
196‌
SEI
Investments
Co
1,252‌
110‌
SLM
Corp
523,826‌
14,223‌
SoFi
Technologies
Inc
(e)
12,236‌
279‌
Stifel
Financial
Corp
1,126‌
139‌
Synchrony
Financial
4,187‌
304‌
T
Rowe
Price
Group
Inc
2,513‌
266‌
TPG
Inc
121‌
7‌
Tradeweb
Markets
Inc
1,206‌
124‌
UWM
Holdings
Corp
2,075‌
10‌
Virtu
Financial
Inc
983‌
41‌
Visa
Inc
29,214‌
9,402‌
Voya
Financial
Inc
1,125‌
86‌
Western
Union
Co/The
3,929‌
37‌
XP
Inc
4,220‌
82‌
$
125,762‌
Electric
-
6
.83
%
AES
Corp/The
8,219‌
120‌
Alliant
Energy
Corp
2,957‌
195‌
Ameren
Corp
3,109‌
321‌
American
Electric
Power
Co
Inc
6,259‌
750‌
Brookfield
Renewable
Corp
1,580‌
66‌
CenterPoint
Energy
Inc
7,566‌
300‌
Clearway
Energy
Inc
-
Class
A
515‌
17‌
Clearway
Energy
Inc
-
Class
C
1,007‌
36‌
CMS
Energy
Corp
3,511‌
251‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
Consolidated
Edison
Inc
4,167‌
$
444‌
Constellation
Energy
Corp
3,652‌
1,025‌
Dominion
Energy
Inc
9,924‌
597‌
DTE
Energy
Co
2,424‌
326‌
Duke
Energy
Corp
9,096‌
1,104‌
Edison
International
4,409‌
275‌
Entergy
Corp
482,230‌
46,241‌
Evergy
Inc
2,646‌
203‌
Eversource
Energy
4,319‌
299‌
Exelon
Corp
11,759‌
527‌
FirstEnergy
Corp
6,366‌
301‌
IDACORP
Inc
631‌
84‌
NextEra
Energy
Inc
167,496‌
14,723‌
OGE
Energy
Corp
2,475‌
108‌
PG&E
Corp
1,354,653‌
20,889‌
Pinnacle
West
Capital
Corp
304,986‌
28,534‌
PPL
Corp
8,598‌
312‌
Public
Service
Enterprise
Group
Inc
5,789‌
477‌
Sempra
7,579‌
659‌
Southern
Co/The
12,896‌
1,152‌
Talen
Energy
Corp
(e)
530‌
185‌
WEC
Energy
Group
Inc
90,960‌
10,066‌
Xcel
Energy
Inc
437,798‌
33,299‌
$
163,886‌
Electrical
Components
&
Equipment
-
0
.15
%
Acuity
Inc
354‌
110‌
AMETEK
Inc
2,684‌
601‌
Eaton
Corp
PLC
4,575‌
1,608‌
Emerson
Electric
Co
6,589‌
968‌
Generac
Holdings
Inc
(e)
691‌
116‌
Littelfuse
Inc
287‌
93‌
Universal
Display
Corp
514‌
59‌
$
3,555‌
Electronics
-
1
.47
%
Allegion
plc
1,030‌
170‌
Arrow
Electronics
Inc
(e)
603‌
80‌
Avnet
Inc
1,000‌
62‌
Coherent
Corp
(e)
1,817‌
386‌
Flex
Ltd
(e)
4,319‌
272‌
Fortive
Corp
382,010‌
20,174‌
Garmin
Ltd
1,897‌
383‌
Honeywell
International
Inc
7,421‌
1,688‌
Hubbell
Inc
21,080‌
10,286‌
Ingram
Micro
Holding
Corp
(a)
305‌
6‌
Jabil
Inc
445‌
106‌
Keysight
Technologies
Inc
(e)
2,003‌
433‌
Mettler-Toledo
International
Inc
(e)
240‌
330‌
nVent
Electric
PLC
1,861‌
209‌
Ralliant
Corp
1,324‌
70‌
Sensata
Technologies
Holding
PLC
1,795‌
62‌
TD
SYNNEX
Corp
864‌
137‌
Trimble
Inc
(e)
2,740‌
185‌
Vontier
Corp
1,693‌
64‌
Woodward
Inc
682‌
217‌
$
35,320‌
Energy
-
Alternate
Sources
-
0
.01
%
First
Solar
Inc
(e)
1,170‌
264‌
Engineering
&
Construction
-
0
.04
%
AECOM
1,504‌
145‌
EMCOR
Group
Inc
332‌
239‌
Everus
Construction
Group
Inc
(e)
630‌
56‌
Jacobs
Solutions
Inc
1,349‌
182‌
MasTec
Inc
(e)
578‌
139‌
TopBuild
Corp
(e)
298‌
140‌
$
901‌
Entertainment
-
0
.42
%
Caesars
Entertainment
Inc
(e)
2,370‌
49‌
Churchill
Downs
Inc
147‌
14‌
Flutter
Entertainment
PLC
(e)
319‌
53‌
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
125
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Entertainment
(continued)
Liberty
Live
Holdings
Inc
-
A
Shares
(e)
292‌
$
23‌
Liberty
Live
Holdings
Inc
-
C
Shares
(e)
567‌
47‌
Madison
Square
Garden
Sports
Corp
(e)
200‌
57‌
Penn
Entertainment
Inc
(e)
1,690‌
22‌
TKO
Group
Holdings
Inc
489‌
99‌
Vail
Resorts
Inc
98‌
13‌
Warner
Music
Group
Corp
326,101‌
9,777‌
$
10,154‌
Environmental
Control
-
0
.70
%
Clean
Harbors
Inc
(e)
595‌
155‌
Pentair
PLC
1,869‌
197‌
Republic
Services
Inc
2,360‌
507‌
Tetra
Tech
Inc
2,646‌
100‌
Veralto
Corp
98,163‌
9,716‌
Waste
Management
Inc
27,278‌
6,062‌
$
16,737‌
Food
-
0
.58
%
Albertsons
Cos
Inc
4,623‌
77‌
Campbell's
Company/The
2,400‌
67‌
Conagra
Brands
Inc
5,889‌
109‌
Flowers
Foods
Inc
2,184‌
25‌
General
Mills
Inc
6,220‌
288‌
Hershey
Co/The
53,435‌
10,407‌
Hormel
Foods
Corp
3,385‌
83‌
Ingredion
Inc
748‌
88‌
J
M
Smucker
Co/The
1,169‌
123‌
Kraft
Heinz
Co/The
9,927‌
236‌
Kroger
Co/The
7,040‌
442‌
Lamb
Weston
Holdings
Inc
1,574‌
72‌
McCormick
&
Co
Inc/MD
2,916‌
180‌
Mondelez
International
Inc
15,084‌
882‌
Performance
Food
Group
Co
(e)
1,521‌
145‌
Pilgrim's
Pride
Corp
614‌
27‌
Post
Holdings
Inc
(e)
567‌
58‌
Seaboard
Corp
4‌
20‌
Smithfield
Foods
Inc
671‌
16‌
Sysco
Corp
2,591‌
217‌
Tyson
Foods
Inc
3,225‌
211‌
US
Foods
Holding
Corp
(e)
2,594‌
217‌
$
13,990‌
Forest
Products
&
Paper
-
0
.01
%
International
Paper
Co
6,077‌
245‌
Gas
-
0
.03
%
Atmos
Energy
Corp
1,839‌
306‌
MDU
Resources
Group
Inc
2,510‌
51‌
National
Fuel
Gas
Co
1,050‌
88‌
NiSource
Inc
5,546‌
246‌
UGI
Corp
2,661‌
107‌
$
798‌
Hand
&
Machine
Tools
-
0
.03
%
Lincoln
Electric
Holdings
Inc
640‌
170‌
MSA
Safety
Inc
433‌
76‌
Snap-on
Inc
598‌
219‌
Stanley
Black
&
Decker
Inc
1,764‌
139‌
$
604‌
Healthcare
-
Products
-
4
.00
%
Abbott
Laboratories
94,502‌
10,329‌
Agilent
Technologies
Inc
3,333‌
446‌
Align
Technology
Inc
(e)
816‌
133‌
Avantor
Inc
(e)
1,411,584‌
15,414‌
Baxter
International
Inc
5,937‌
119‌
Bio-Techne
Corp
1,790‌
115‌
Boston
Scientific
Corp
(e)
14,291‌
1,337‌
Bruker
Corp
1,208‌
53‌
Caris
Life
Sciences
Inc
(e)
166‌
4‌
Cooper
Cos
Inc/The
(e)
2,285‌
186‌
Danaher
Corp
7,349‌
1,609‌
DENTSPLY
SIRONA
Inc
2,330‌
29‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Edwards
Lifesciences
Corp
(e)
6,678‌
$
543‌
Envista
Holdings
Corp
(e)
2,016‌
47‌
Exact
Sciences
Corp
(e)
2,013‌
206‌
GE
HealthCare
Technologies
Inc
253,426‌
20,013‌
Globus
Medical
Inc
(e)
1,268‌
115‌
Hologic
Inc
(e)
2,564‌
192‌
Medtronic
PLC
294,410‌
30,313‌
QIAGEN
NV
2,325‌
125‌
Repligen
Corp
(e)
540‌
81‌
ResMed
Inc
1,294‌
334‌
Revvity
Inc
1,335‌
145‌
Solventum
Corp
(e)
1,683‌
130‌
STERIS
PLC
1,138‌
299‌
Stryker
Corp
2,978‌
1,101‌
Teleflex
Inc
517‌
54‌
Thermo
Fisher
Scientific
Inc
20,480‌
11,850‌
Waters
Corp
(e)
325‌
120‌
West
Pharmaceutical
Services
Inc
827‌
191‌
Zimmer
Biomet
Holdings
Inc
2,273‌
198‌
$
95,831‌
Healthcare
-
Services
-
1
.63
%
Acadia
Healthcare
Co
Inc
(e)
1,352‌
18‌
Centene
Corp
(e)
5,681‌
246‌
Charles
River
Laboratories
International
Inc
(e)
572‌
120‌
Chemed
Corp
148‌
63‌
Cigna
Group/The
2,823‌
774‌
Elevance
Health
Inc
38,791‌
13,412‌
Encompass
Health
Corp
1,122‌
106‌
HCA
Healthcare
Inc
1,485‌
725‌
Humana
Inc
1,395‌
272‌
IQVIA
Holdings
Inc
(e)
1,967‌
453‌
Labcorp
Holdings
Inc
968‌
263‌
Molina
Healthcare
Inc
(e)
269‌
48‌
Quest
Diagnostics
Inc
1,294‌
242‌
Sotera
Health
Co
(e)
2,284‌
41‌
Tenet
Healthcare
Corp
(e)
1,045‌
198‌
UnitedHealth
Group
Inc
76,509‌
21,953‌
Universal
Health
Services
Inc
639‌
129‌
$
39,063‌
Home
Builders
-
0
.60
%
DR
Horton
Inc
3,070‌
457‌
Lennar
Corp
-
A
Shares
119,610‌
13,079‌
Lennar
Corp
-
B
Shares
142‌
15‌
NVR
Inc
(e)
32‌
244‌
PulteGroup
Inc
2,256‌
282‌
Thor
Industries
Inc
589‌
66‌
Toll
Brothers
Inc
1,099‌
159‌
$
14,302‌
Home
Furnishings
-
0
.01
%
Dolby
Laboratories
Inc
749‌
48‌
SharkNinja
Inc
(e)
848‌
100‌
Whirlpool
Corp
(a)
664‌
53‌
$
201‌
Housewares
-
0
.00
%
Newell
Brands
Inc
6,201‌
26‌
Scotts
Miracle-Gro
Co/The
541‌
35‌
$
61‌
Insurance
-
5
.71
%
Aflac
Inc
5,594‌
621‌
Allstate
Corp/The
3,077‌
612‌
American
Financial
Group
Inc/OH
785‌
102‌
American
International
Group
Inc
323,388‌
24,216‌
Aon
PLC
187‌
65‌
Arch
Capital
Group
Ltd
(e)
4,146‌
398‌
Arthur
J
Gallagher
&
Co
42,227‌
10,530‌
Assurant
Inc
595‌
142‌
Assured
Guaranty
Ltd
550‌
47‌
Axis
Capital
Holdings
Ltd
869‌
90‌
Berkshire
Hathaway
Inc
-
Class
B
(e)
115,392‌
55,449‌
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
126
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Brighthouse
Financial
Inc
(e)
708‌
$
45‌
Brown
&
Brown
Inc
2,990‌
216‌
Chubb
Ltd
4,277‌
1,324‌
Cincinnati
Financial
Corp
1,802‌
290‌
CNA
Financial
Corp
315‌
15‌
Corebridge
Financial
Inc
3,256‌
100‌
Everest
Group
Ltd
35,833‌
11,871‌
Fidelity
National
Financial
Inc
2,994‌
163‌
First
American
Financial
Corp
1,138‌
72‌
Globe
Life
Inc
898‌
126‌
Hanover
Insurance
Group
Inc/The
414‌
72‌
Hartford
Insurance
Group
Inc/The
3,287‌
444‌
Kemper
Corp
730‌
29‌
Lincoln
National
Corp
1,993‌
83‌
Loews
Corp
1,953‌
206‌
Markel
Group
Inc
(e)
115‌
235‌
Marsh
&
McLennan
Cos
Inc
5,080‌
956‌
MetLife
Inc
6,499‌
513‌
MGIC
Investment
Corp
2,573‌
69‌
Old
Republic
International
Corp
2,788‌
109‌
Primerica
Inc
378‌
99‌
Progressive
Corp/The
59,869‌
12,453‌
Prudential
Financial
Inc
4,071‌
452‌
Reinsurance
Group
of
America
Inc
788‌
160‌
RenaissanceRe
Holdings
Ltd
538‌
152‌
RLI
Corp
959‌
56‌
Travelers
Cos
Inc/The
2,604‌
741‌
Unum
Group
1,934‌
147‌
W
R
Berkley
Corp
3,346‌
229‌
White
Mountains
Insurance
Group
Ltd
28‌
57‌
Willis
Towers
Watson
PLC
41,814‌
13,274‌
$
137,030‌
Internet
-
5
.13
%
Alphabet
Inc
-
A
Shares
214,124‌
72,373‌
Alphabet
Inc
-
C
Shares
19,641‌
6,649‌
Amazon.com
Inc
(e)
104,147‌
24,922‌
Booking
Holdings
Inc
24‌
120‌
CDW
Corp/DE
1,384‌
175‌
eBay
Inc
5,261‌
480‌
Etsy
Inc
(e)
489‌
26‌
F5
Inc
(e)
682‌
188‌
Gen
Digital
Inc
5,677‌
136‌
IAC
Inc
(e)
832‌
31‌
Lyft
Inc
(e)
3,777‌
64‌
Maplebear
Inc
(e)
2,016‌
75‌
Match
Group
Inc
2,807‌
87‌
Meta
Platforms
Inc
22,652‌
16,230‌
Pinterest
Inc
(e)
3,680‌
82‌
Robinhood
Markets
Inc
(e)
7,501‌
746‌
Roku
Inc
(e)
1,268‌
121‌
Trump
Media
&
Technology
Group
Corp
(e)
1,091‌
14‌
VeriSign
Inc
973‌
238‌
Wayfair
Inc
(e)
933‌
97‌
Zillow
Group
Inc
-
A
Shares
(e)
597‌
37‌
Zillow
Group
Inc
-
C
Shares
(e)
1,858‌
117‌
$
123,008‌
Iron
&
Steel
-
0
.05
%
Carpenter
Technology
Corp
464‌
148‌
Cleveland-Cliffs
Inc
(e)
6,558‌
90‌
Nucor
Corp
2,678‌
476‌
Reliance
Inc
600‌
198‌
Steel
Dynamics
Inc
1,417‌
254‌
$
1,166‌
Leisure
Products
&
Services
-
2
.47
%
Amer
Sports
Inc
(e)
1,745‌
64‌
Brunswick
Corp/DE
811‌
65‌
Carnival
Corp
1,967,553‌
59,066‌
Harley-Davidson
Inc
1,281‌
25‌
Norwegian
Cruise
Line
Holdings
Ltd
(e)
641‌
14‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Leisure
Products
&
Services
(continued)
YETI
Holdings
Inc
(e)
1,002‌
$
46‌
$
59,280‌
Lodging
-
1
.32
%
Boyd
Gaming
Corp
642‌
54‌
Choice
Hotels
International
Inc
220‌
23‌
Hyatt
Hotels
Corp
475‌
74‌
Marriott
International
Inc/MD
601‌
190‌
MGM
Resorts
International
(e)
2,398‌
80‌
Travel
+
Leisure
Co
511‌
36‌
Wyndham
Hotels
&
Resorts
Inc
116‌
8‌
Wynn
Resorts
Ltd
291,075‌
31,276‌
$
31,741‌
Machinery
-
Construction
&
Mining
-
0
.98
%
BWX
Technologies
Inc
869‌
178‌
Caterpillar
Inc
4,750‌
3,122‌
Oshkosh
Corp
762‌
110‌
Vertiv
Holdings
Co
108,475‌
20,196‌
$
23,606‌
Machinery
-
Diversified
-
0
.66
%
AGCO
Corp
725‌
82‌
Applied
Industrial
Technologies
Inc
438‌
114‌
CNH
Industrial
NV
10,204‌
110‌
Cognex
Corp
1,963‌
76‌
Crane
Co
578‌
106‌
Deere
&
Co
22,383‌
11,818‌
Dover
Corp
1,576‌
317‌
Esab
Corp
666‌
81‌
Flowserve
Corp
1,482‌
116‌
Gates
Industrial
Corp
PLC
(e)
2,968‌
68‌
Graco
Inc
1,897‌
166‌
IDEX
Corp
875‌
174‌
Ingersoll
Rand
Inc
4,625‌
398‌
Middleby
Corp/The
(e)
557‌
82‌
Nordson
Corp
612‌
168‌
Otis
Worldwide
Corp
4,573‌
391‌
Regal
Rexnord
Corp
784‌
127‌
Rockwell
Automation
Inc
1,217‌
513‌
Toro
Co/The
1,137‌
104‌
Westinghouse
Air
Brake
Technologies
Corp
1,974‌
454‌
Xylem
Inc/NY
2,847‌
392‌
$
15,857‌
Media
-
0
.24
%
Charter
Communications
Inc
(e)
1,010‌
208‌
Comcast
Corp
-
Class
A
42,356‌
1,260‌
FactSet
Research
Systems
Inc
407‌
104‌
Fox
Corp
-
A
Shares
2,385‌
174‌
Fox
Corp
-
B
Shares
1,702‌
112‌
Liberty
Broadband
Corp
-
A
Shares
(e)
194‌
9‌
Liberty
Broadband
Corp
-
C
Shares
(e)
1,109‌
53‌
Liberty
Global
Ltd
-
A
Shares
(e)
2,489‌
28‌
Liberty
Global
Ltd
-
C
Shares
(e)
2,063‌
23‌
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(e)
232‌
18‌
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(e)
1,649‌
143‌
New
York
Times
Co/The
1,834‌
134‌
News
Corp
-
A
Shares
4,379‌
118‌
News
Corp
-
B
Shares
1,560‌
49‌
Nexstar
Media
Group
Inc
310‌
66‌
Sirius
XM
Holdings
Inc
2,349‌
48‌
Versant
Media
Group
Inc
(e)
1,790‌
58‌
Walt
Disney
Co/The
21,204‌
2,392‌
Warner
Bros
Discovery
Inc
(e)
27,151‌
748‌
$
5,745‌
Metal
Fabrication
&
Hardware
-
0
.23
%
Advanced
Drainage
Systems
Inc
32,899‌
5,002‌
Mueller
Industries
Inc
1,225‌
167‌
RBC
Bearings
Inc
(e)
280‌
140‌
Timken
Co/The
732‌
68‌
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
127
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Metal
Fabrication
&
Hardware
(continued)
Valmont
Industries
Inc
233‌
$
104‌
$
5,481‌
Mining
-
1
.26
%
Alcoa
Corp
2,976‌
169‌
Anglogold
Ashanti
Plc
5,125‌
476‌
Freeport-McMoRan
Inc
456,679‌
27,506‌
MP
Materials
Corp
(e)
1,611‌
95‌
Newmont
Corp
12,863‌
1,445‌
Royal
Gold
Inc
949‌
250‌
Southern
Copper
Corp
996‌
189‌
$
30,130‌
Miscellaneous
Manufacturers
-
1
.96
%
3M
Co
5,226‌
800‌
A
O
Smith
Corp
1,400‌
103‌
Donaldson
Co
Inc
1,315‌
134‌
Entegris
Inc
366,751‌
43,302‌
Illinois
Tool
Works
Inc
2,261‌
591‌
ITT
Inc
1,020‌
186‌
Parker-Hannifin
Corp
1,479‌
1,384‌
Teledyne
Technologies
Inc
(e)
543‌
337‌
Textron
Inc
2,034‌
179‌
$
47,016‌
Office
&
Business
Equipment
-
0
.01
%
Zebra
Technologies
Corp
(e)
599‌
141‌
Oil
&
Gas
-
5
.57
%
Antero
Resources
Corp
(e)
3,340‌
121‌
APA
Corp
4,097‌
108‌
Chevron
Corp
269,082‌
47,600‌
Chord
Energy
Corp
710‌
71‌
ConocoPhillips
14,632‌
1,525‌
Coterra
Energy
Inc
8,765‌
253‌
Devon
Energy
Corp
7,219‌
290‌
Diamondback
Energy
Inc
2,185‌
358‌
EOG
Resources
Inc
6,396‌
717‌
EQT
Corp
7,217‌
417‌
Expand
Energy
Corp
2,629‌
296‌
Exxon
Mobil
Corp
428,675‌
60,615‌
HF
Sinclair
Corp
1,644‌
85‌
Marathon
Petroleum
Corp
3,549‌
625‌
Matador
Resources
Co
1,446‌
65‌
Occidental
Petroleum
Corp
8,194‌
372‌
Ovintiv
Inc
2,955‌
128‌
Permian
Resources
Corp
1,135,777‌
18,321‌
Phillips
66
4,354‌
625‌
Range
Resources
Corp
2,763‌
105‌
Valero
Energy
Corp
3,528‌
640‌
Viper
Energy
Inc
1,975‌
84‌
Weatherford
International
PLC
824‌
78‌
$
133,499‌
Oil
&
Gas
Services
-
0
.93
%
Baker
Hughes
Co
11,537‌
646‌
Halliburton
Co
608,937‌
20,412‌
NOV
Inc
4,245‌
78‌
SLB
Ltd
16,085‌
778‌
TechnipFMC
PLC
4,714‌
263‌
$
22,177‌
Packaging
&
Containers
-
0
.50
%
Amcor
PLC
5,345‌
237‌
AptarGroup
Inc
810‌
101‌
Ball
Corp
3,196‌
182‌
Crown
Holdings
Inc
1,310‌
137‌
Graphic
Packaging
Holding
Co
3,618‌
53‌
Packaging
Corp
of
America
48,900‌
10,883‌
Sealed
Air
Corp
1,707‌
71‌
Silgan
Holdings
Inc
1,094‌
47‌
Smurfit
WestRock
PLC
6,042‌
252‌
Sonoco
Products
Co
1,219‌
58‌
$
12,021‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
-
4
.67
%
Becton
Dickinson
&
Co
3,332‌
$
678‌
BellRing
Brands
Inc
(e)
1,555‌
39‌
Bristol-Myers
Squibb
Co
19,173‌
1,055‌
Cardinal
Health
Inc
1,377‌
296‌
CVS
Health
Corp
14,581‌
1,087‌
Elanco
Animal
Health
Inc
(e)
5,703‌
137‌
Henry
Schein
Inc
(e)
1,288‌
97‌
Jazz
Pharmaceuticals
PLC
(e)
686‌
113‌
Johnson
&
Johnson
74,012‌
16,820‌
McKesson
Corp
11,209‌
9,317‌
Merck
&
Co
Inc
506,238‌
55,822‌
Neurocrine
Biosciences
Inc
(e)
207‌
28‌
Organon
&
Co
3,038‌
26‌
Pfizer
Inc
66,598‌
1,761‌
Sanofi
SA
ADR
516,252‌
24,284‌
Viatris
Inc
13,612‌
178‌
Zoetis
Inc
1,014‌
127‌
$
111,865‌
Pipelines
-
0
.11
%
Antero
Midstream
Corp
3,913‌
74‌
Cheniere
Energy
Inc
1,370‌
290‌
DT
Midstream
Inc
1,144‌
144‌
Kinder
Morgan
Inc
22,662‌
691‌
ONEOK
Inc
7,253‌
574‌
Williams
Cos
Inc/The
13,423‌
903‌
$
2,676‌
Private
Equity
-
0
.42
%
Carlyle
Group
Inc/The
3,011‌
177‌
KKR
&
Co
Inc
85,838‌
9,808‌
$
9,985‌
Real
Estate
-
0
.04
%
CBRE
Group
Inc
(e)
3,087‌
526‌
CoStar
Group
Inc
(e)
4,231‌
260‌
Howard
Hughes
Holdings
Inc
(e)
362‌
30‌
Jones
Lang
LaSalle
Inc
(e)
400‌
143‌
$
959‌
REITs
-
3
.65
%
AGNC
Investment
Corp
12,472‌
142‌
Agree
Realty
Corp
1,392‌
101‌
Alexandria
Real
Estate
Equities
Inc
2,087‌
114‌
American
Homes
4
Rent
3,946‌
124‌
Americold
Realty
Trust
Inc
3,528‌
44‌
Annaly
Capital
Management
Inc
7,980‌
184‌
AvalonBay
Communities
Inc
1,663‌
295‌
Brixmor
Property
Group
Inc
3,768‌
101‌
BXP
Inc
1,808‌
117‌
Camden
Property
Trust
1,213‌
132‌
Cousins
Properties
Inc
2,065‌
52‌
Crown
Castle
Inc
5,025‌
436‌
CubeSmart
2,796‌
105‌
Digital
Realty
Trust
Inc
3,998‌
663‌
EastGroup
Properties
Inc
624‌
113‌
EPR
Properties
924‌
50‌
Equinix
Inc
1,142‌
937‌
Equity
LifeStyle
Properties
Inc
2,202‌
139‌
Equity
Residential
4,381‌
273‌
Essex
Property
Trust
Inc
759‌
191‌
Extra
Space
Storage
Inc
2,465‌
340‌
Federal
Realty
Investment
Trust
1,030‌
104‌
First
Industrial
Realty
Trust
Inc
1,498‌
87‌
Gaming
and
Leisure
Properties
Inc
3,129‌
140‌
Healthcare
Realty
Trust
Inc
3,840‌
64‌
Healthpeak
Properties
Inc
8,046‌
139‌
Highwoods
Properties
Inc
1,264‌
33‌
Host
Hotels
&
Resorts
Inc
7,963‌
148‌
Invitation
Homes
Inc
7,103‌
190‌
Iron
Mountain
Inc
3,383‌
312‌
Kilroy
Realty
Corp
1,452‌
50‌
Kimco
Realty
Corp
7,757‌
163‌
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
128
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Lineage
Inc
827‌
$
29‌
Medical
Properties
Trust
Inc
5,835‌
29‌
Mid-America
Apartment
Communities
Inc
1,318‌
177‌
Millrose
Properties
Inc
1,894‌
56‌
National
Storage
Affiliates
Trust
824‌
26‌
NNN
REIT
Inc
2,189‌
91‌
Omega
Healthcare
Investors
Inc
3,421‌
150‌
Park
Hotels
&
Resorts
Inc
2,298‌
25‌
Prologis
Inc
217,682‌
28,421‌
Public
Storage
83,209‌
22,982‌
Rayonier
Inc
3,476‌
79‌
Realty
Income
Corp
10,703‌
655‌
Regency
Centers
Corp
2,068‌
151‌
Rexford
Industrial
Realty
Inc
2,718‌
110‌
Rithm
Capital
Corp
6,844‌
75‌
SBA
Communications
Corp
1,246‌
229‌
Simon
Property
Group
Inc
2,940‌
562‌
STAG
Industrial
Inc
2,185‌
82‌
Starwood
Property
Trust
Inc
4,046‌
73‌
Sun
Communities
Inc
1,152‌
147‌
UDR
Inc
3,605‌
134‌
Ventas
Inc
5,453‌
424‌
VICI
Properties
Inc
885,853‌
24,875‌
Vornado
Realty
Trust
2,064‌
66‌
Welltower
Inc
8,027‌
1,512‌
Weyerhaeuser
Co
8,421‌
217‌
WP
Carey
Inc
2,490‌
174‌
$
87,634‌
Retail
-
2
.13
%
AutoNation
Inc
(e)
310‌
64‌
AutoZone
Inc
(e)
164‌
607‌
Bath
&
Body
Works
Inc
2,411‌
53‌
Best
Buy
Co
Inc
2,215‌
144‌
BJ's
Wholesale
Club
Holdings
Inc
(e)
1,258‌
116‌
CarMax
Inc
(e)
1,715‌
76‌
Casey's
General
Stores
Inc
367‌
223‌
Darden
Restaurants
Inc
87‌
17‌
Dick's
Sporting
Goods
Inc
754‌
152‌
Dillard's
Inc
(a)
45‌
27‌
Dollar
General
Corp
2,570‌
369‌
Dollar
Tree
Inc
(e)
2,224‌
262‌
Domino's
Pizza
Inc
246‌
101‌
Ferguson
Enterprises
Inc
2,086‌
527‌
Five
Below
Inc
(e)
637‌
122‌
Floor
&
Decor
Holdings
Inc
(e)
898‌
59‌
Freshpet
Inc
(e)
403‌
28‌
GameStop
Corp
(e)
4,776‌
114‌
Gap
Inc/The
2,652‌
74‌
Genuine
Parts
Co
1,580‌
220‌
Home
Depot
Inc/The
30,130‌
11,286‌
Lithia
Motors
Inc
248‌
80‌
Lowe's
Cos
Inc
6,559‌
1,752‌
Lululemon
Athletica
Inc
(e)
518‌
90‌
Macy's
Inc
3,126‌
63‌
McDonald's
Corp
27,604‌
8,695‌
MSC
Industrial
Direct
Co
Inc
544‌
46‌
Ollie's
Bargain
Outlet
Holdings
Inc
(e)
717‌
79‌
O'Reilly
Automotive
Inc
(e)
96,923‌
9,539‌
Penske
Automotive
Group
Inc
227‌
36‌
QXO
Inc
(e)
7,091‌
157‌
Restaurant
Brands
International
Inc
1,452‌
97‌
RH
(e)
157‌
31‌
Ross
Stores
Inc
2,969‌
560‌
Starbucks
Corp
11,550‌
1,062‌
Target
Corp
5,264‌
555‌
TJX
Cos
Inc/The
6,537‌
979‌
Ulta
Beauty
Inc
(e)
395‌
256‌
Walmart
Inc
98,469‌
11,732‌
Wendy's
Co/The
1,343‌
10‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Williams-Sonoma
Inc
1,168‌
$
239‌
Yum!
Brands
Inc
2,165‌
337‌
$
51,036‌
Savings
&
Loans
-
0
.00
%
TFS
Financial
Corp
779‌
11‌
Semiconductors
-
4
.37
%
Advanced
Micro
Devices
Inc
(e)
7,801‌
1,847‌
Allegro
MicroSystems
Inc
(e)
1,523‌
56‌
Amkor
Technology
Inc
1,335‌
64‌
Analog
Devices
Inc
5,805‌
1,805‌
Applied
Materials
Inc
6,723‌
2,167‌
Cirrus
Logic
Inc
(e)
598‌
78‌
GLOBALFOUNDRIES
Inc
(e)
1,272‌
54‌
Intel
Corp
(e)
51,716‌
2,403‌
IPG
Photonics
Corp
(e)
289‌
27‌
Lattice
Semiconductor
Corp
(e)
301‌
24‌
MACOM
Technology
Solutions
Holdings
Inc
(e)
539‌
118‌
Marvell
Technology
Inc
9,348‌
738‌
Microchip
Technology
Inc
558,204‌
42,378‌
Micron
Technology
Inc
13,058‌
5,417‌
MKS
Inc
804‌
189‌
ON
Semiconductor
Corp
(e)
4,755‌
285‌
Onto
Innovation
Inc
(e)
460‌
93‌
Qorvo
Inc
(e)
982‌
77‌
QUALCOMM
Inc
214,188‌
32,469‌
Skyworks
Solutions
Inc
1,709‌
95‌
Teradyne
Inc
1,832‌
442‌
Texas
Instruments
Inc
64,360‌
13,873‌
$
104,699‌
Shipbuilding
-
0
.01
%
Huntington
Ingalls
Industries
Inc
457‌
192‌
Software
-
3
.61
%
Akamai
Technologies
Inc
(e)
1,634‌
159‌
BILL
Holdings
Inc
(e)
996‌
43‌
Broadridge
Financial
Solutions
Inc
124‌
24‌
Bullish
(a),(e)
425‌
13‌
CCC
Intelligent
Solutions
Holdings
Inc
(e)
6,684‌
51‌
Concentrix
Corp
517‌
19‌
Dayforce
Inc
(e)
1,595‌
110‌
Docusign
Inc
(e)
608‌
32‌
DoubleVerify
Holdings
Inc
(e)
1,041‌
11‌
Dropbox
Inc
-
A
Shares
(e)
1,664‌
42‌
Electronic
Arts
Inc
2,933‌
598‌
Fair
Isaac
Corp
(e)
47‌
69‌
Fidelity
National
Information
Services
Inc
479,056‌
26,468‌
Fiserv
Inc
(e)
4,531‌
289‌
Jack
Henry
&
Associates
Inc
864‌
155‌
Microsoft
Corp
20,851‌
8,972‌
MongoDB
Inc
(e)
834‌
310‌
MSCI
Inc
21,651‌
13,190‌
nCino
Inc
(e)
1,072‌
23‌
Nutanix
Inc
(e)
2,342‌
92‌
Oracle
Corp
127,063‌
20,912‌
Paychex
Inc
2,547‌
263‌
Paycom
Software
Inc
288‌
39‌
Pegasystems
Inc
720‌
31‌
PTC
Inc
(e)
1,270‌
198‌
Roper
Technologies
Inc
1,238‌
460‌
Salesforce
Inc
56,994‌
12,099‌
SentinelOne
Inc
(e)
1,206‌
17‌
SS&C
Technologies
Holdings
Inc
2,428‌
199‌
Strategy
Inc
(e)
2,929‌
439‌
Synopsys
Inc
(e)
573‌
267‌
Take-Two
Interactive
Software
Inc
(e)
1,398‌
308‌
Teradata
Corp
(e)
847‌
24‌
Twilio
Inc
(e)
1,329‌
160‌
Tyler
Technologies
Inc
(e)
91‌
34‌
UiPath
Inc
(e)
4,708‌
59‌
Unity
Software
Inc
(e)
3,440‌
100‌
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2026
(unaudited)
See
accompanying
notes.
129
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Veeva
Systems
Inc
(e)
352‌
$
72‌
Zoom
Communications
Inc
(e)
3,087‌
284‌
ZoomInfo
Technologies
Inc
(e)
3,503‌
28‌
$
86,663‌
Telecommunications
-
1
.25
%
AST
SpaceMobile
Inc
(e)
218‌
24‌
AT&T
Inc
81,032‌
2,124‌
Ciena
Corp
(e)
1,641‌
413‌
Cisco
Systems
Inc
46,566‌
3,647‌
Corning
Inc
9,136‌
943‌
GCI
Liberty
Inc
-
Class
A
(e)
39‌
2‌
GCI
Liberty
Inc
-
Class
C
(e)
385‌
14‌
Iridium
Communications
Inc
1,274‌
25‌
Millicom
International
Cellular
SA
1,167‌
71‌
Motorola
Solutions
Inc
26,322‌
10,596‌
T-Mobile
US
Inc
50,041‌
9,869‌
Verizon
Communications
Inc
49,498‌
2,204‌
$
29,932‌
Toys,
Games
&
Hobbies
-
0
.01
%
Hasbro
Inc
1,504‌
134‌
Mattel
Inc
(e)
3,618‌
76‌
$
210‌
Transportation
-
1
.92
%
CH
Robinson
Worldwide
Inc
1,373‌
268‌
CSX
Corp
298,256‌
11,262‌
Expeditors
International
of
Washington
Inc
1,561‌
251‌
FedEx
Corp
2,492‌
803‌
GXO
Logistics
Inc
(e)
1,313‌
74‌
JB
Hunt
Transport
Services
Inc
144,715‌
29,337‌
Kirby
Corp
(e)
653‌
77‌
Knight-Swift
Transportation
Holdings
Inc
1,915‌
105‌
Landstar
System
Inc
399‌
60‌
Norfolk
Southern
Corp
2,628‌
765‌
Old
Dominion
Freight
Line
Inc
2,048‌
355‌
Ryder
System
Inc
460‌
88‌
Saia
Inc
(e)
300‌
100‌
Schneider
National
Inc
538‌
14‌
Union
Pacific
Corp
6,422‌
1,510‌
United
Parcel
Service
Inc
8,590‌
912‌
XPO
Inc
(e)
1,092‌
162‌
$
46,143‌
Water
-
0
.02
%
American
Water
Works
Co
Inc
2,233‌
288‌
Essential
Utilities
Inc
3,232‌
126‌
$
414‌
TOTAL
COMMON
STOCKS
$
2,242,022‌
Total
Investments
$
2,399,081‌
Other
Assets
and
Liabilities
-  (0.05)%
(
1,201‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,397,880‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,041
or
0.04%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,061
or
0.04%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
46,181‌
$
414,214‌
$
405,629‌
$
54,766‌
$
46,181‌
$
414,214‌
$
405,629‌
$
54,766‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
523‌
$
—‌
$
—‌
$
—‌
$
523‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
March
2026
Long
49‌
$
17,066‌
$
(
107‌
)
Total
$
(
107‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
MidCap
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
130
INVESTMENT
COMPANIES
-
0
.14
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.14
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
3,812,809‌
$
3,813‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
39,095,424‌
39,095‌
$
42,908‌
TOTAL
INVESTMENT
COMPANIES
$
42,908‌
COMMON
STOCKS
-
100
.10
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
10
.39
%
HEICO
Corp
-
Class
A
6,227,229‌
$
1,585,390‌
TransDigm
Group
Inc
1,086,834‌
1,551,499‌
$
3,136,889‌
Building
Materials
-
8
.53
%
Eagle
Materials
Inc
226,219‌
46,106‌
Martin
Marietta
Materials
Inc
1,575,044‌
1,026,850‌
Vulcan
Materials
Co
4,994,201‌
1,500,957‌
$
2,573,913‌
Chemicals
-
1
.39
%
Air
Products
and
Chemicals
Inc
372,279‌
101,446‌
Perimeter
Solutions
Inc
(c),(d)
7,969,226‌
208,395‌
Sherwin-Williams
Co/The
309,731‌
109,843‌
$
419,684‌
Commercial
Services
-
2
.17
%
Ashtead
Group
PLC
ADR
(e)
3,753,328‌
237,811‌
Moody's
Corp
192,596‌
99,295‌
Toast
Inc
(d)
4,880,604‌
151,835‌
Verisk
Analytics
Inc
768,491‌
167,116‌
$
656,057‌
Distribution
&
Wholesale
-
4
.43
%
Copart
Inc
(d)
25,246,586‌
1,024,506‌
Fastenal
Co
7,240,171‌
313,934‌
$
1,338,440‌
Diversified
Financial
Services
-
4
.80
%
Ares
Management
Corp
2,683,474‌
401,636‌
Brookfield
Asset
Management
Ltd
8,147,036‌
404,989‌
Brookfield
Wealth
Solutions
Ltd
(d),(e)
232,785‌
10,622‌
LPL
Financial
Holdings
Inc
1,736,253‌
632,864‌
$
1,450,111‌
Electric
-
4
.50
%
Brookfield
Infrastructure
Partners
LP
27,236,051‌
984,583‌
Brookfield
Renewable
Corp
(e)
2,523,813‌
105,092‌
Brookfield
Renewable
Partners
LP
9,055,160‌
270,115‌
$
1,359,790‌
Electrical
Components
&
Equipment
-
0
.98
%
AMETEK
Inc
1,315,541‌
294,655‌
Electronics
-
0
.86
%
Mettler-Toledo
International
Inc
(d)
188,169‌
258,401‌
Entertainment
-
4
.36
%
Liberty
Live
Holdings
Inc
-
A
Shares
(d)
328,587‌
26,432‌
Liberty
Live
Holdings
Inc
-
C
Shares
(d)
1,360,016‌
112,310‌
Live
Nation
Entertainment
Inc
(d)
8,092,240‌
1,177,016‌
$
1,315,758‌
Environmental
Control
-
0
.91
%
Veralto
Corp
600,603‌
59,447‌
Waste
Connections
Inc
1,276,526‌
213,946‌
$
273,393‌
Healthcare
-
Products
-
1
.89
%
IDEXX
Laboratories
Inc
(d)
528,699‌
354,471‌
Waters
Corp
(d)
585,322‌
216,991‌
$
571,462‌
Home
Builders
-
2
.00
%
Lennar
Corp
-
A
Shares
2,192,284‌
239,726‌
Lennar
Corp
-
B
Shares
38,354‌
3,884‌
NVR
Inc
(d)
47,142‌
359,964‌
$
603,574‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
-
7
.94
%
Arch
Capital
Group
Ltd
(d)
2,664,798‌
$
255,927‌
Arthur
J
Gallagher
&
Co
1,700,002‌
423,930‌
Brown
&
Brown
Inc
11,328,820‌
816,808‌
Markel
Group
Inc
(d)
319,731‌
652,456‌
Ryan
Specialty
Holdings
Inc
3,118,796‌
150,575‌
W
R
Berkley
Corp
1,407,522‌
96,528‌
$
2,396,224‌
Internet
-
0
.20
%
Wix.com
Ltd
(d)
710,648‌
61,713‌
Lodging
-
6
.44
%
Hilton
Worldwide
Holdings
Inc
5,128,018‌
1,530,765‌
Hyatt
Hotels
Corp
2,639,096‌
412,675‌
$
1,943,440‌
Machinery
-
Diversified
-
0
.43
%
Graco
Inc
1,503,949‌
131,340‌
Media
-
2
.11
%
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(d)
855,342‌
68,162‌
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
6,531,967‌
568,412‌
$
636,574‌
Miscellaneous
Manufacturers
-
1
.53
%
Entegris
Inc
3,907,068‌
461,308‌
Private
Equity
-
8
.67
%
Brookfield
Corp
32,862,936‌
1,496,907‌
KKR
&
Co
Inc
9,802,426‌
1,120,025‌
$
2,616,932‌
Real
Estate
-
6
.08
%
CBRE
Group
Inc
(d)
6,945,759‌
1,183,071‌
CoStar
Group
Inc
(d)
10,621,717‌
653,236‌
Seaport
Entertainment
Group
Inc
(d),(e)
16,686‌
315‌
$
1,836,622‌
REITs
-
0
.10
%
Millrose
Properties
Inc
1,012,683‌
30,178‌
Retail
-
7
.69
%
Domino's
Pizza
Inc
956,245‌
392,376‌
Floor
&
Decor
Holdings
Inc
(d)
4,767,808‌
314,485‌
O'Reilly
Automotive
Inc
(d)
13,901,419‌
1,368,039‌
Ross
Stores
Inc
1,310,995‌
247,319‌
$
2,322,219‌
Software
-
11
.55
%
Appfolio
Inc
(d)
935,048‌
177,547‌
CCC
Intelligent
Solutions
Holdings
Inc
(d)
27,927,670‌
211,692‌
Constellation
Software
Inc/Canada
221,039‌
408,285‌
Constellation
Software
Inc/Canada
-
Warrants
(d),(f)
143,533‌
—‌
Fair
Isaac
Corp
(d)
280,774‌
410,820‌
Jack
Henry
&
Associates
Inc
181,999‌
32,616‌
Lumine
Group
Inc
(d)
359,888‌
5,970‌
MSCI
Inc
1,113,256‌
678,218‌
Procore
Technologies
Inc
(d)
2,475,796‌
139,858‌
Roper
Technologies
Inc
1,210,341‌
449,315‌
Topicus.com
Inc
(d)
769,746‌
57,385‌
Tyler
Technologies
Inc
(d)
1,059,982‌
391,557‌
Veeva
Systems
Inc
(d)
2,560,466‌
522,130‌
$
3,485,393‌
Transportation
-
0
.15
%
Old
Dominion
Freight
Line
Inc
263,662‌
45,666‌
TOTAL
COMMON
STOCKS
$
30,219,736‌
Total
Investments
$
30,262,644‌
Other
Assets
and
Liabilities
-  (0.24)%
(
73,669‌
)
TOTAL
NET
ASSETS
-
100.00%
$
30,188,975‌
Schedule
of
Investments
MidCap
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
131
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$37,103
or
0.12%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$35,898
or
0.12%
of
net
assets.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Perimeter
Solutions
Inc
$
191,086‌
$
—‌
$
4,503‌
$
208,395‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
122,581‌
1,662,045‌
1,745,531‌
39,095‌
$
313,667‌
$
1,662,045‌
$
1,750,034‌
$
247,490‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Perimeter
Solutions
Inc
$
—‌
$
2,304‌
$
—‌
$
19,508‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
56‌
—‌
—‌
—‌
$
56‌
$
2,304‌
$
—‌
$
19,508‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
132
INVESTMENT
COMPANIES
-
1
.34
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.16
%
iShares
Core
S&P
Mid-Cap
ETF
29,500‌
$
2,026‌
Money
Market
Funds
-
1
.18
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
399,799‌
399‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
14,534,721‌
14,535‌
$
14,934‌
TOTAL
INVESTMENT
COMPANIES
$
16,960‌
COMMON
STOCKS
-
98
.98
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
2
.35
%
AeroVironment
Inc
(d)
11,905‌
$
3,314‌
ATI
Inc
(d)
50,840‌
6,116‌
Curtiss-Wright
Corp
13,798‌
9,061‌
Hexcel
Corp
29,789‌
2,467‌
Kratos
Defense
&
Security
Solutions
Inc
(d)
63,181‌
6,509‌
StandardAero
Inc
(d)
72,033‌
2,225‌
$
29,692‌
Agriculture
-
0
.21
%
Darling
Ingredients
Inc
(d)
59,193‌
2,703‌
Airlines
-
0
.43
%
Alaska
Air
Group
Inc
(d)
43,403‌
2,206‌
American
Airlines
Group
Inc
(d)
247,002‌
3,285‌
$
5,491‌
Apparel
-
0
.53
%
Capri
Holdings
Ltd
(d)
44,583‌
1,006‌
Columbia
Sportswear
Co
9,477‌
524‌
Crocs
Inc
(d)
19,426‌
1,630‌
PVH
Corp
18,007‌
1,123‌
VF
Corp
122,815‌
2,406‌
$
6,689‌
Automobile
Parts
&
Equipment
-
1
.03
%
Autoliv
Inc
26,152‌
3,171‌
BorgWarner
Inc
80,049‌
3,795‌
Gentex
Corp
81,928‌
1,885‌
Goodyear
Tire
&
Rubber
Co/The
(d)
107,081‌
1,007‌
Lear
Corp
19,410‌
2,273‌
Visteon
Corp
10,211‌
928‌
$
13,059‌
Banks
-
5
.96
%
Associated
Banc-Corp
61,179‌
1,668‌
Bank
OZK
39,621‌
1,884‌
Columbia
Banking
System
Inc
111,931‌
3,295‌
Commerce
Bancshares
Inc/MO
48,385‌
2,547‌
Cullen/Frost
Bankers
Inc
23,926‌
3,297‌
East
West
Bancorp
Inc
51,484‌
5,892‌
First
Financial
Bankshares
Inc
48,765‌
1,552‌
First
Horizon
Corp
184,253‌
4,512‌
Flagstar
Bank
NA
112,014‌
1,481‌
FNB
Corp/PA
134,014‌
2,352‌
Glacier
Bancorp
Inc
48,138‌
2,440‌
Hancock
Whitney
Corp
31,289‌
2,153‌
Home
BancShares
Inc/AR
68,397‌
1,977‌
International
Bancshares
Corp
20,238‌
1,409‌
Old
National
Bancorp/IN
130,142‌
3,179‌
Pinnacle
Financial
Partners
Inc
55,874‌
5,313‌
Prosperity
Bancshares
Inc
35,547‌
2,453‌
SOUTHSTATE
BANK
CORP
37,613‌
3,849‌
Texas
Capital
Bancshares
Inc
(d)
17,081‌
1,728‌
UMB
Financial
Corp
26,718‌
3,397‌
United
Bankshares
Inc/WV
52,421‌
2,219‌
Valley
National
Bancorp
179,453‌
2,236‌
Webster
Financial
Corp
60,355‌
3,970‌
Western
Alliance
Bancorp
38,626‌
3,444‌
Wintrust
Financial
Corp
25,061‌
3,696‌
Zions
Bancorp
NA
55,248‌
3,310‌
$
75,253‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Beverages
-
0
.55
%
Boston
Beer
Co
Inc/The
(d)
2,878‌
$
615‌
Celsius
Holdings
Inc
(d)
59,807‌
3,139‌
Coca-Cola
Consolidated
Inc
21,167‌
3,218‌
$
6,972‌
Biotechnology
-
2
.82
%
BioMarin
Pharmaceutical
Inc
(d)
71,889‌
4,065‌
Bio-Rad
Laboratories
Inc
(d)
6,803‌
1,998‌
Cytokinetics
Inc
(d)
45,750‌
2,891‌
Exelixis
Inc
(d)
100,327‌
4,149‌
Halozyme
Therapeutics
Inc
(d)
44,005‌
3,156‌
Illumina
Inc
(d)
57,178‌
8,280‌
Roivant
Sciences
Ltd
(d)
163,956‌
3,545‌
United
Therapeutics
Corp
(d)
16,112‌
7,564‌
$
35,648‌
Building
Materials
-
2
.39
%
AAON
Inc
25,322‌
2,306‌
Carlisle
Cos
Inc
15,598‌
5,317‌
Eagle
Materials
Inc
11,998‌
2,445‌
Fortune
Brands
Innovations
Inc
44,956‌
2,432‌
Knife
River
Corp
(d)
21,204‌
1,424‌
Louisiana-Pacific
Corp
23,716‌
1,986‌
Owens
Corning
30,757‌
3,686‌
Simpson
Manufacturing
Co
Inc
15,514‌
2,743‌
SPX
Technologies
Inc
(d)
18,647‌
3,886‌
Trex
Co
Inc
(d)
40,135‌
1,662‌
UFP
Industries
Inc
21,800‌
2,252‌
$
30,139‌
Chemicals
-
1
.12
%
Ashland
Inc
17,103‌
1,046‌
Axalta
Coating
Systems
Ltd
(d)
79,831‌
2,681‌
Cabot
Corp
19,908‌
1,437‌
NewMarket
Corp
2,919‌
1,958‌
Olin
Corp
42,705‌
888‌
RPM
International
Inc
47,980‌
5,132‌
Westlake
Corp
12,480‌
990‌
$
14,132‌
Commercial
Services
-
3
.60
%
API
Group
Corp
(d)
138,511‌
5,758‌
Aramark
98,358‌
3,786‌
Avis
Budget
Group
Inc
(d),(e)
6,321‌
727‌
Booz
Allen
Hamilton
Holding
Corp
45,389‌
4,013‌
Brink's
Co/The
15,546‌
1,975‌
Euronet
Worldwide
Inc
(d)
14,630‌
1,060‌
FTI
Consulting
Inc
(d)
11,326‌
1,978‌
Graham
Holdings
Co
1,272‌
1,484‌
Grand
Canyon
Education
Inc
(d)
10,340‌
1,798‌
H&R
Block
Inc
47,309‌
1,866‌
Morningstar
Inc
8,927‌
1,804‌
Paylocity
Holding
Corp
(d)
16,484‌
2,225‌
Service
Corp
International/US
52,456‌
4,219‌
Shift4
Payments
Inc
(d),(e)
25,283‌
1,493‌
TransUnion
72,669‌
5,742‌
UL
Solutions
Inc
28,159‌
1,978‌
Valvoline
Inc
(d)
47,567‌
1,556‌
WEX
Inc
(d)
12,831‌
1,975‌
$
45,437‌
Computers
-
3
.69
%
ASGN
Inc
(d)
15,978‌
832‌
CACI
International
Inc
(d)
8,262‌
5,127‌
Crane
NXT
Co
18,479‌
934‌
ExlService
Holdings
Inc
(d)
59,386‌
2,325‌
Genpact
Ltd
60,002‌
2,646‌
KBR
Inc
47,520‌
2,034‌
Kyndryl
Holdings
Inc
(d)
85,528‌
1,967‌
Lumentum
Holdings
Inc
(d)
26,529‌
10,395‌
Maximus
Inc
21,087‌
1,992‌
Okta
Inc
(d)
63,036‌
5,325‌
Parsons
Corp
(d)
19,925‌
1,396‌
Pure
Storage
Inc
(d)
116,827‌
8,124‌
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
133
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Qualys
Inc
(d)
13,419‌
$
1,770‌
Science
Applications
International
Corp
17,222‌
1,753‌
$
46,620‌
Cosmetics
&
Personal
Care
-
0
.18
%
Coty
Inc
(d)
137,456‌
436‌
elf
Beauty
Inc
(d)
22,316‌
1,896‌
$
2,332‌
Distribution
&
Wholesale
-
1
.74
%
Core
&
Main
Inc
(d)
71,355‌
3,807‌
RB
Global
Inc
69,486‌
7,892‌
Watsco
Inc
13,069‌
5,050‌
WESCO
International
Inc
18,204‌
5,269‌
$
22,018‌
Diversified
Financial
Services
-
3
.05
%
Affiliated
Managers
Group
Inc
10,525‌
3,295‌
Ally
Financial
Inc
104,898‌
4,435‌
Evercore
Inc
-
Class
A
14,474‌
5,113‌
Federated
Hermes
Inc
27,654‌
1,473‌
Hamilton
Lane
Inc
15,299‌
2,161‌
Houlihan
Lokey
Inc
20,400‌
3,434‌
Janus
Henderson
Group
PLC
46,244‌
2,226‌
Jefferies
Financial
Group
Inc
61,753‌
3,778‌
SEI
Investments
Co
34,821‌
3,059‌
SLM
Corp
75,977‌
2,063‌
Stifel
Financial
Corp
38,105‌
4,698‌
Voya
Financial
Inc
35,611‌
2,730‌
$
38,465‌
Electric
-
1
.80
%
Black
Hills
Corp
28,241‌
2,061‌
IDACORP
Inc
20,224‌
2,686‌
Northwestern
Energy
Group
Inc
22,979‌
1,559‌
OGE
Energy
Corp
75,386‌
3,293‌
Ormat
Technologies
Inc
22,745‌
2,842‌
Portland
General
Electric
Co
42,092‌
2,115‌
Talen
Energy
Corp
(d)
17,097‌
5,956‌
TXNM
Energy
Inc
36,681‌
2,161‌
$
22,673‌
Electrical
Components
&
Equipment
-
1
.14
%
Acuity
Inc
11,380‌
3,519‌
Belden
Inc
14,706‌
1,728‌
EnerSys
13,812‌
2,489‌
Littelfuse
Inc
9,319‌
3,017‌
Novanta
Inc
(d)
13,388‌
1,801‌
Universal
Display
Corp
16,545‌
1,900‌
$
14,454‌
Electronics
-
4
.38
%
Advanced
Energy
Industries
Inc
14,099‌
3,600‌
Arrow
Electronics
Inc
(d)
19,275‌
2,554‌
Avnet
Inc
30,433‌
1,899‌
Coherent
Corp
(d)
58,806‌
12,478‌
Flex
Ltd
(d)
138,374‌
8,723‌
nVent
Electric
PLC
60,381‌
6,778‌
Sensata
Technologies
Holding
PLC
54,514‌
1,886‌
TD
SYNNEX
Corp
28,341‌
4,497‌
TTM
Technologies
Inc
(d)
38,555‌
3,786‌
Vontier
Corp
54,297‌
2,036‌
Woodward
Inc
22,440‌
7,132‌
$
55,369‌
Energy
-
Alternate
Sources
-
0
.52
%
Nextpower
Inc
(d)
55,527‌
6,502‌
Engineering
&
Construction
-
2
.17
%
AECOM
49,561‌
4,779‌
Dycom
Industries
Inc
(d)
10,833‌
3,947‌
Exponent
Inc
18,668‌
1,342‌
Fluor
Corp
(d)
60,315‌
2,786‌
MasTec
Inc
(d)
22,953‌
5,520‌
Sterling
Infrastructure
Inc
(d)
11,494‌
4,114‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Engineering
&
Construction
(continued)
TopBuild
Corp
(d)
10,445‌
$
4,889‌
$
27,377‌
Entertainment
-
0
.46
%
Churchill
Downs
Inc
24,787‌
2,438‌
Vail
Resorts
Inc
13,454‌
1,790‌
Warner
Music
Group
Corp
54,591‌
1,637‌
$
5,865‌
Environmental
Control
-
0
.68
%
Clean
Harbors
Inc
(d)
18,794‌
4,885‌
Tetra
Tech
Inc
97,822‌
3,684‌
$
8,569‌
Food
-
1
.99
%
Albertsons
Cos
Inc
147,995‌
2,464‌
Flowers
Foods
Inc
79,022‌
903‌
Ingredion
Inc
23,773‌
2,808‌
Marzetti
Company/The
7,612‌
1,306‌
Performance
Food
Group
Co
(d)
58,680‌
5,601‌
Pilgrim's
Pride
Corp
16,001‌
694‌
Post
Holdings
Inc
(d)
17,888‌
1,830‌
Sprouts
Farmers
Market
Inc
(d)
36,436‌
2,584‌
US
Foods
Holding
Corp
(d)
83,424‌
6,976‌
$
25,166‌
Gas
-
1
.07
%
National
Fuel
Gas
Co
33,815‌
2,832‌
New
Jersey
Resources
Corp
37,589‌
1,860‌
ONE
Gas
Inc
22,452‌
1,786‌
Southwest
Gas
Holdings
Inc
24,040‌
1,991‌
Spire
Inc
22,088‌
1,866‌
UGI
Corp
80,424‌
3,226‌
$
13,561‌
Hand
&
Machine
Tools
-
0
.63
%
Lincoln
Electric
Holdings
Inc
20,591‌
5,464‌
MSA
Safety
Inc
13,772‌
2,440‌
$
7,904‌
Healthcare
-
Products
-
2
.02
%
Avantor
Inc
(d)
255,133‌
2,786‌
Bruker
Corp
41,505‌
1,838‌
DENTSPLY
SIRONA
Inc
74,672‌
931‌
Envista
Holdings
Corp
(d)
61,529‌
1,444‌
Globus
Medical
Inc
(d)
41,690‌
3,780‌
Haemonetics
Corp
(d)
17,517‌
1,168‌
Lantheus
Holdings
Inc
(d)
24,814‌
1,661‌
LivaNova
PLC
(d)
20,434‌
1,343‌
Masimo
Corp
(d)
17,085‌
2,346‌
Penumbra
Inc
(d)
14,655‌
5,249‌
Repligen
Corp
(d)
19,801‌
2,958‌
$
25,504‌
Healthcare
-
Services
-
2
.12
%
Chemed
Corp
5,300‌
2,264‌
Encompass
Health
Corp
37,651‌
3,559‌
Ensign
Group
Inc/The
21,523‌
3,695‌
HealthEquity
Inc
(d)
32,240‌
2,762‌
Medpace
Holdings
Inc
(d)
8,327‌
4,850‌
Option
Care
Health
Inc
(d)
59,398‌
2,020‌
Sotera
Health
Co
(d)
77,604‌
1,406‌
Tenet
Healthcare
Corp
(d)
32,887‌
6,225‌
$
26,781‌
Home
Builders
-
0
.87
%
KB
Home
24,236‌
1,395‌
Taylor
Morrison
Home
Corp
(d)
36,569‌
2,229‌
Thor
Industries
Inc
19,696‌
2,203‌
Toll
Brothers
Inc
36,067‌
5,211‌
$
11,038‌
Home
Furnishings
-
0
.80
%
Dolby
Laboratories
Inc
22,895‌
1,470‌
Somnigroup
International
Inc
78,547‌
6,900‌
Whirlpool
Corp
(e)
21,011‌
1,681‌
$
10,051‌
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
134
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Housewares
-
0
.08
%
Scotts
Miracle-Gro
Co/The
16,637‌
$
1,068‌
Insurance
-
4
.71
%
American
Financial
Group
Inc/OH
25,904‌
3,375‌
Brighthouse
Financial
Inc
(d)
21,393‌
1,370‌
CNO
Financial
Group
Inc
35,681‌
1,500‌
Corebridge
Financial
Inc
100,039‌
3,084‌
Equitable
Holdings
Inc
107,220‌
4,975‌
Essent
Group
Ltd
36,173‌
2,276‌
Fidelity
National
Financial
Inc
95,367‌
5,187‌
First
American
Financial
Corp
38,132‌
2,409‌
Hanover
Insurance
Group
Inc/The
13,316‌
2,319‌
Kemper
Corp
21,909‌
863‌
Kinsale
Capital
Group
Inc
8,270‌
3,274‌
MGIC
Investment
Corp
83,723‌
2,254‌
Old
Republic
International
Corp
85,188‌
3,337‌
Primerica
Inc
11,943‌
3,142‌
Reinsurance
Group
of
America
Inc
24,591‌
4,986‌
RenaissanceRe
Holdings
Ltd
17,255‌
4,861‌
RLI
Corp
34,366‌
2,008‌
Ryan
Specialty
Holdings
Inc
42,406‌
2,047‌
Selective
Insurance
Group
Inc
22,606‌
1,901‌
Unum
Group
57,607‌
4,376‌
$
59,544‌
Internet
-
0
.95
%
Chewy
Inc
(d)
84,216‌
2,452‌
Hims
&
Hers
Health
Inc
(d)
77,946‌
2,112‌
Maplebear
Inc
(d)
68,767‌
2,555‌
Pinterest
Inc
(d)
222,958‌
4,934‌
$
12,053‌
Iron
&
Steel
-
1
.46
%
Carpenter
Technology
Corp
18,642‌
5,925‌
Cleveland-Cliffs
Inc
(d)
213,182‌
2,933‌
Commercial
Metals
Co
41,524‌
3,192‌
Reliance
Inc
19,566‌
6,447‌
$
18,497‌
Leisure
Products
&
Services
-
0
.65
%
Brunswick
Corp/DE
24,336‌
1,952‌
Harley-Davidson
Inc
44,209‌
875‌
Planet
Fitness
Inc
(d)
31,053‌
2,827‌
Polaris
Inc
19,996‌
1,277‌
YETI
Holdings
Inc
(d)
29,116‌
1,331‌
$
8,262‌
Lodging
-
0
.78
%
Boyd
Gaming
Corp
21,632‌
1,829‌
Choice
Hotels
International
Inc
7,734‌
795‌
Hilton
Grand
Vacations
Inc
(d)
22,408‌
1,011‌
Hyatt
Hotels
Corp
15,649‌
2,447‌
Travel
+
Leisure
Co
24,071‌
1,674‌
Wyndham
Hotels
&
Resorts
Inc
28,272‌
2,058‌
$
9,814‌
Machinery
-
Construction
&
Mining
-
0
.94
%
BWX
Technologies
Inc
34,212‌
7,028‌
Oshkosh
Corp
23,670‌
3,404‌
Terex
Corp
24,548‌
1,400‌
$
11,832‌
Machinery
-
Diversified
-
3
.47
%
AGCO
Corp
23,177‌
2,628‌
Applied
Industrial
Technologies
Inc
14,114‌
3,675‌
Chart
Industries
Inc
(d)
16,536‌
3,429‌
CNH
Industrial
NV
331,144‌
3,563‌
Cognex
Corp
62,715‌
2,430‌
Crane
Co
18,319‌
3,346‌
Esab
Corp
21,355‌
2,586‌
Flowserve
Corp
47,567‌
3,717‌
Graco
Inc
62,041‌
5,418‌
Middleby
Corp/The
(d)
17,341‌
2,552‌
Regal
Rexnord
Corp
24,844‌
4,012‌
Toro
Co/The
36,621‌
3,351‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Watts
Water
Technologies
Inc
10,256‌
$
3,070‌
$
43,777‌
Media
-
0
.53
%
New
York
Times
Co/The
60,459‌
4,432‌
Nexstar
Media
Group
Inc
10,668‌
2,266‌
$
6,698‌
Metal
Fabrication
&
Hardware
-
1
.67
%
Advanced
Drainage
Systems
Inc
26,771‌
4,070‌
Mueller
Industries
Inc
41,542‌
5,656‌
RBC
Bearings
Inc
(d)
11,780‌
5,886‌
Timken
Co/The
23,720‌
2,210‌
Valmont
Industries
Inc
7,372‌
3,285‌
$
21,107‌
Mining
-
1
.75
%
Alcoa
Corp
96,904‌
5,505‌
Hecla
Mining
Co
250,747‌
5,647‌
MP
Materials
Corp
(d)
50,403‌
2,962‌
Royal
Gold
Inc
30,319‌
7,983‌
$
22,097‌
Miscellaneous
Manufacturers
-
1
.96
%
Avient
Corp
34,263‌
1,239‌
Donaldson
Co
Inc
43,344‌
4,418‌
Entegris
Inc
56,729‌
6,698‌
Fabrinet
(d)
13,407‌
6,562‌
ITT
Inc
31,799‌
5,797‌
$
24,714‌
Oil
&
Gas
-
2
.68
%
Antero
Resources
Corp
(d)
109,666‌
3,988‌
Chord
Energy
Corp
21,278‌
2,133‌
CNX
Resources
Corp
(d)
50,454‌
1,958‌
HF
Sinclair
Corp
58,509‌
3,042‌
Matador
Resources
Co
43,713‌
1,977‌
Murphy
Oil
Corp
50,209‌
1,511‌
Ovintiv
Inc
94,769‌
4,120‌
PBF
Energy
Inc
30,779‌
1,030‌
Permian
Resources
Corp
259,831‌
4,191‌
Range
Resources
Corp
88,661‌
3,356‌
Valaris
Ltd
(d)
24,214‌
1,398‌
Viper
Energy
Inc
63,027‌
2,668‌
Weatherford
International
PLC
26,842‌
2,525‌
$
33,897‌
Oil
&
Gas
Services
-
0
.87
%
NOV
Inc
136,489‌
2,505‌
TechnipFMC
PLC
151,370‌
8,434‌
$
10,939‌
Packaging
&
Containers
-
1
.03
%
AptarGroup
Inc
24,554‌
3,068‌
Crown
Holdings
Inc
42,665‌
4,466‌
Graphic
Packaging
Holding
Co
110,435‌
1,618‌
Greif
Inc
-
Class
A
9,793‌
691‌
Silgan
Holdings
Inc
32,820‌
1,416‌
Sonoco
Products
Co
36,909‌
1,772‌
$
13,031‌
Pharmaceuticals
-
1
.15
%
BellRing
Brands
Inc
(d)
47,141‌
1,172‌
Elanco
Animal
Health
Inc
(d)
185,925‌
4,477‌
Jazz
Pharmaceuticals
PLC
(d)
22,739‌
3,740‌
Neurocrine
Biosciences
Inc
(d)
37,311‌
5,077‌
$
14,466‌
Pipelines
-
0
.57
%
Antero
Midstream
Corp
124,755‌
2,348‌
DT
Midstream
Inc
38,046‌
4,794‌
$
7,142‌
Private
Equity
-
0
.45
%
Carlyle
Group
Inc/The
97,103‌
5,708‌
Real
Estate
-
0
.50
%
Jones
Lang
LaSalle
Inc
(d)
17,661‌
6,321‌
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
135
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
-
6
.60
%
Agree
Realty
Corp
42,934‌
$
3,101‌
American
Healthcare
REIT
Inc
66,080‌
3,100‌
American
Homes
4
Rent
121,994‌
3,821‌
Annaly
Capital
Management
Inc
255,586‌
5,881‌
Brixmor
Property
Group
Inc
114,542‌
3,069‌
COPT
Defense
Properties
42,273‌
1,302‌
Cousins
Properties
Inc
62,852‌
1,586‌
CubeSmart
85,331‌
3,202‌
EastGroup
Properties
Inc
19,929‌
3,620‌
EPR
Properties
28,492‌
1,545‌
Equity
LifeStyle
Properties
Inc
72,530‌
4,582‌
First
Industrial
Realty
Trust
Inc
49,553‌
2,876‌
Gaming
and
Leisure
Properties
Inc
105,901‌
4,739‌
Healthcare
Realty
Trust
Inc
131,579‌
2,209‌
Independence
Realty
Trust
Inc
89,330‌
1,492‌
Kilroy
Realty
Corp
40,729‌
1,404‌
Kite
Realty
Group
Trust
81,016‌
1,903‌
Lamar
Advertising
Co
32,505‌
4,171‌
National
Storage
Affiliates
Trust
26,487‌
842‌
NNN
REIT
Inc
71,064‌
2,961‌
Omega
Healthcare
Investors
Inc
110,587‌
4,852‌
Park
Hotels
&
Resorts
Inc
74,801‌
818‌
Rayonier
Inc
103,766‌
2,360‌
Rexford
Industrial
Realty
Inc
86,925‌
3,523‌
Sabra
Health
Care
REIT
Inc
93,304‌
1,748‌
STAG
Industrial
Inc
69,881‌
2,621‌
Starwood
Property
Trust
Inc
130,261‌
2,336‌
Vornado
Realty
Trust
60,369‌
1,925‌
WP
Carey
Inc
82,004‌
5,720‌
$
83,309‌
Retail
-
5
.65
%
Abercrombie
&
Fitch
Co
(d)
17,613‌
1,719‌
AutoNation
Inc
(d)
10,235‌
2,098‌
Bath
&
Body
Works
Inc
77,155‌
1,682‌
BJ's
Wholesale
Club
Holdings
Inc
(d)
49,302‌
4,557‌
Burlington
Stores
Inc
(d)
23,301‌
6,894‌
Casey's
General
Stores
Inc
13,913‌
8,438‌
Cava
Group
Inc
(d)
37,325‌
2,263‌
Dick's
Sporting
Goods
Inc
24,736‌
4,997‌
Dutch
Bros
Inc
(d)
47,450‌
2,581‌
FirstCash
Holdings
Inc
14,534‌
2,478‌
Five
Below
Inc
(d)
20,636‌
3,955‌
Floor
&
Decor
Holdings
Inc
(d)
40,323‌
2,660‌
GameStop
Corp
(d)
154,198‌
3,682‌
Gap
Inc/The
84,696‌
2,370‌
Lithia
Motors
Inc
9,075‌
2,935‌
Macy's
Inc
100,475‌
2,011‌
MSC
Industrial
Direct
Co
Inc
17,119‌
1,444‌
Murphy
USA
Inc
6,380‌
2,695‌
Ollie's
Bargain
Outlet
Holdings
Inc
(d)
22,943‌
2,531‌
Penske
Automotive
Group
Inc
6,901‌
1,082‌
RH
(d)
5,752‌
1,144‌
Texas
Roadhouse
Inc
24,752‌
4,452‌
Wingstop
Inc
10,398‌
2,760‌
$
71,428‌
Semiconductors
-
2
.67
%
Allegro
MicroSystems
Inc
(d)
46,411‌
1,713‌
Amkor
Technology
Inc
42,549‌
2,056‌
Cirrus
Logic
Inc
(d)
19,095‌
2,489‌
IPG
Photonics
Corp
(d)
9,458‌
874‌
Lattice
Semiconductor
Corp
(d)
51,186‌
4,122‌
MACOM
Technology
Solutions
Holdings
Inc
(d)
23,966‌
5,250‌
MKS
Inc
25,135‌
5,917‌
Onto
Innovation
Inc
(d)
18,340‌
3,706‌
Rambus
Inc
(d)
40,283‌
4,585‌
Silicon
Laboratories
Inc
(d)
12,294‌
1,751‌
Synaptics
Inc
(d)
14,589‌
1,204‌
$
33,667‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
-
3
.54
%
Appfolio
Inc
(d)
8,632‌
$
1,639‌
Bentley
Systems
Inc
55,729‌
1,957‌
BILL
Holdings
Inc
(d)
33,356‌
1,440‌
Blackbaud
Inc
(d)
13,724‌
737‌
Commvault
Systems
Inc
(d)
16,499‌
1,414‌
Concentrix
Corp
16,540‌
618‌
Docusign
Inc
(d)
75,253‌
3,954‌
Doximity
Inc
(d)
51,404‌
1,926‌
Dropbox
Inc
-
A
Shares
(d)
65,269‌
1,663‌
Duolingo
Inc
(d)
14,972‌
2,007‌
Dynatrace
Inc
(d)
112,816‌
4,297‌
Guidewire
Software
Inc
(d)
31,813‌
4,478‌
Manhattan
Associates
Inc
(d)
22,549‌
3,405‌
Nutanix
Inc
(d)
101,326‌
3,985‌
Pegasystems
Inc
34,296‌
1,499‌
Twilio
Inc
(d)
56,734‌
6,834‌
UiPath
Inc
(d)
157,528‌
1,983‌
ZoomInfo
Technologies
Inc
(d)
102,606‌
826‌
$
44,662‌
Telecommunications
-
1
.50
%
Ciena
Corp
(d)
52,783‌
13,292‌
EchoStar
Corp
(d)
50,373‌
5,703‌
$
18,995‌
Toys,
Games
&
Hobbies
-
0
.19
%
Mattel
Inc
(d)
116,301‌
2,430‌
Transportation
-
1
.81
%
GXO
Logistics
Inc
(d)
42,841‌
2,424‌
Kirby
Corp
(d)
20,282‌
2,386‌
Knight-Swift
Transportation
Holdings
Inc
60,748‌
3,347‌
Landstar
System
Inc
12,852‌
1,920‌
Ryder
System
Inc
15,110‌
2,890‌
Saia
Inc
(d)
9,970‌
3,339‌
XPO
Inc
(d)
43,926‌
6,506‌
$
22,812‌
Trucking
&
Leasing
-
0
.19
%
GATX
Corp
13,359‌
2,430‌
Water
-
0
.33
%
Essential
Utilities
Inc
105,887‌
4,107‌
TOTAL
COMMON
STOCKS
$
1,250,271‌
Total
Investments
$
1,267,231‌
Other
Assets
and
Liabilities
-  (0.32)%
(
4,059‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,263,172‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,889
or
0.31%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,861
or
0.31%
of
net
assets.
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
136
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
38,184‌
$
138,897‌
$
162,546‌
$
14,535‌
$
38,184‌
$
138,897‌
$
162,546‌
$
14,535‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
260‌
$
—‌
$
—‌
$
—‌
$
260‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
Mid
400
Emini;
March
2026
Long
32‌
$
11,032‌
$
11‌
Total
$
11‌
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
137
INVESTMENT
COMPANIES
-
2
.63
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.21
%
iShares
Russell
Mid-Cap
Value
ETF
(a)
33,300‌
$
4,894‌
Money
Market
Funds
-
2
.42
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(b),(c)
356,962‌
357‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(b),(c),(d)
56,800,595‌
56,800‌
$
57,157‌
TOTAL
INVESTMENT
COMPANIES
$
62,051‌
COMMON
STOCKS
-
97
.41
%
Shares
Held
Value
(000's)
Advertising
-
0
.02
%
Omnicom
Group
Inc
6,312‌
$
486‌
Aerospace
&
Defense
-
2
.51
%
ATI
Inc
(e)
2,667‌
321‌
Curtiss-Wright
Corp
5,963‌
3,915‌
Hexcel
Corp
(a)
1,548‌
128‌
Howmet
Aerospace
Inc
18,930‌
3,939‌
L3Harris
Technologies
Inc
79,492‌
27,254‌
Leonardo
DRS
Inc
111,468‌
4,577‌
Loar
Holdings
Inc
(e)
52‌
4‌
StandardAero
Inc
(e)
618,427‌
19,103‌
$
59,241‌
Agriculture
-
1
.08
%
Archer-Daniels-Midland
Co
370,794‌
24,958‌
Bunge
Global
SA
2,643‌
301‌
Darling
Ingredients
Inc
(e)
2,725‌
125‌
$
25,384‌
Airlines
-
0
.09
%
Alaska
Air
Group
Inc
(e)
1,991‌
101‌
American
Airlines
Group
Inc
(e)
12,134‌
161‌
Delta
Air
Lines
Inc
12,931‌
852‌
Southwest
Airlines
Co
8,187‌
389‌
United
Airlines
Holdings
Inc
(e)
6,455‌
661‌
$
2,164‌
Apparel
-
0
.03
%
Birkenstock
Holding
Plc
(e)
803‌
30‌
Columbia
Sportswear
Co
589‌
33‌
Crocs
Inc
(e)
998‌
84‌
PVH
Corp
1,033‌
64‌
Ralph
Lauren
Corp
696‌
246‌
Tapestry
Inc
369‌
47‌
Under
Armour
Inc
-
Class
A
(e)
4,080‌
25‌
Under
Armour
Inc
-
Class
C
(e)
4,038‌
25‌
VF
Corp
6,963‌
136‌
$
690‌
Automobile
Manufacturers
-
0
.12
%
Cummins
Inc
2,718‌
1,573‌
Ford
Motor
Co
77,511‌
1,076‌
Lucid
Group
Inc
(a),(e)
2,825‌
31‌
Rivian
Automotive
Inc
(e)
15,619‌
231‌
$
2,911‌
Automobile
Parts
&
Equipment
-
1
.15
%
Allison
Transmission
Holdings
Inc
1,353‌
147‌
Aptiv
PLC
(e)
4,294‌
325‌
Aurora
Innovation
Inc
(e)
23,892‌
100‌
BorgWarner
Inc
381,709‌
18,097‌
Gentex
Corp
356,589‌
8,205‌
Lear
Corp
1,021‌
120‌
QuantumScape
Corp
(e)
9,490‌
84‌
$
27,078‌
Banks
-
2
.69
%
Bank
of
New
York
Mellon
Corp/The
12,820‌
1,537‌
Bank
OZK
2,244‌
107‌
BOK
Financial
Corp
476‌
62‌
Citizens
Financial
Group
Inc
8,519‌
537‌
Columbia
Banking
System
Inc
5,848‌
172‌
Commerce
Bancshares
Inc/MO
2,561‌
135‌
Cullen/Frost
Bankers
Inc
1,171‌
161‌
East
West
Bancorp
Inc
2,704‌
309‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Fifth
Third
Bancorp
17,889‌
$
898‌
First
Citizens
BancShares
Inc/NC
179‌
370‌
First
Hawaiian
Inc
2,444‌
65‌
First
Horizon
Corp
9,989‌
245‌
FNB
Corp/PA
7,047‌
124‌
Huntington
Bancshares
Inc/OH
1,361,288‌
23,796‌
KeyCorp
18,771‌
404‌
M&T
Bank
Corp
12,855‌
2,848‌
Northern
Trust
Corp
3,727‌
557‌
Pinnacle
Financial
Partners
Inc
2,968‌
282‌
Popular
Inc
1,171‌
156‌
Prosperity
Bancshares
Inc
1,785‌
123‌
Regions
Financial
Corp
17,569‌
501‌
SOUTHSTATE
BANK
CORP
1,977‌
202‌
State
Street
Corp
5,529‌
724‌
Truist
Financial
Corp
549,300‌
28,245‌
Webster
Financial
Corp
3,274‌
215‌
Western
Alliance
Bancorp
1,681‌
150‌
Wintrust
Financial
Corp
1,300‌
192‌
Zions
Bancorp
NA
2,860‌
171‌
$
63,288‌
Beverages
-
0
.04
%
Boston
Beer
Co
Inc/The
(e)
180‌
38‌
Brown-Forman
Corp
-
A
Shares
930‌
26‌
Brown-Forman
Corp
-
B
Shares
2,930‌
80‌
Coca-Cola
Consolidated
Inc
960‌
146‌
Constellation
Brands
Inc
2,815‌
441‌
Molson
Coors
Beverage
Co
3,231‌
155‌
Primo
Brands
Corp
5,093‌
97‌
$
983‌
Biotechnology
-
2
.25
%
Alnylam
Pharmaceuticals
Inc
(e)
9,989‌
3,377‌
Biogen
Inc
(e)
2,894‌
521‌
BioMarin
Pharmaceutical
Inc
(e)
94,965‌
5,369‌
Bio-Rad
Laboratories
Inc
(e)
383‌
112‌
Certara
Inc
(e)
2,525‌
22‌
Corteva
Inc
13,568‌
988‌
Exelixis
Inc
(e)
238,888‌
9,881‌
Illumina
Inc
(e)
3,045‌
441‌
Incyte
Corp
(e)
109,345‌
10,942‌
Insmed
Inc
(e)
14,461‌
2,268‌
Ionis
Pharmaceuticals
Inc
(e)
236‌
19‌
Moderna
Inc
(e)
7,111‌
313‌
Revolution
Medicines
Inc
(e)
3,431‌
333‌
Roivant
Sciences
Ltd
(e)
7,719‌
167‌
Royalty
Pharma
PLC
276,948‌
11,543‌
Sarepta
Therapeutics
Inc
(e)
196‌
4‌
United
Therapeutics
Corp
(e)
14,415‌
6,768‌
Viking
Therapeutics
Inc
(e)
1,991‌
58‌
$
53,126‌
Building
Materials
-
1
.79
%
Armstrong
World
Industries
Inc
62,176‌
11,424‌
Builders
FirstSource
Inc
(e)
48,934‌
5,598‌
Carlisle
Cos
Inc
720‌
245‌
Carrier
Global
Corp
372,900‌
22,217‌
Eagle
Materials
Inc
583‌
119‌
Fortune
Brands
Innovations
Inc
2,394‌
129‌
Hayward
Holdings
Inc
(e)
4,254‌
69‌
James
Hardie
Industries
PLC
(e)
1,110‌
26‌
Louisiana-Pacific
Corp
1,243‌
104‌
Martin
Marietta
Materials
Inc
1,188‌
775‌
Masco
Corp
4,144‌
274‌
Mohawk
Industries
Inc
(e)
980‌
116‌
Owens
Corning
1,653‌
198‌
Simpson
Manufacturing
Co
Inc
752‌
133‌
Trex
Co
Inc
(e)
2,117‌
88‌
Vulcan
Materials
Co
2,616‌
786‌
$
42,301‌
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
138
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
-
3
.12
%
Albemarle
Corp
2,325‌
$
397‌
Ashland
Inc
966‌
59‌
Axalta
Coating
Systems
Ltd
(e)
4,225‌
142‌
Celanese
Corp
2,169‌
96‌
CF
Industries
Holdings
Inc
240,675‌
22,438‌
Dow
Inc
14,089‌
388‌
DuPont
de
Nemours
Inc
187,297‌
8,226‌
Eastman
Chemical
Co
2,269‌
157‌
Element
Solutions
Inc
4,467‌
130‌
FMC
Corp
2,664‌
42‌
Huntsman
Corp
3,503‌
38‌
International
Flavors
&
Fragrances
Inc
5,050‌
353‌
LyondellBasell
Industries
NV
5,050‌
248‌
Mosaic
Co/The
6,242‌
172‌
NewMarket
Corp
16,447‌
11,032‌
Olin
Corp
2,463‌
51‌
PPG
Industries
Inc
4,440‌
513‌
Qnity
Electronics
Inc
4,138‌
398‌
RPM
International
Inc
268,292‌
28,697‌
Westlake
Corp
713‌
57‌
$
73,634‌
Commercial
Services
-
1
.77
%
ADT
Inc
10,126‌
81‌
Affirm
Holdings
Inc
(e)
2,199‌
132‌
API
Group
Corp
(e)
7,282‌
303‌
Aramark
5,207‌
200‌
Avis
Budget
Group
Inc
(a),(e)
250‌
29‌
Block
Inc
(e)
6,685‌
404‌
Bright
Horizons
Family
Solutions
Inc
(e)
29,959‌
2,775‌
Cintas
Corp
20,330‌
3,891‌
Clarivate
PLC
(a),(e)
7,432‌
20‌
Equifax
Inc
1,998‌
402‌
Euronet
Worldwide
Inc
(e)
838‌
61‌
FTI
Consulting
Inc
(e)
117,489‌
20,522‌
Global
Payments
Inc
4,780‌
343‌
Grand
Canyon
Education
Inc
(e)
57,363‌
9,971‌
H&R
Block
Inc
2,089‌
82‌
ManpowerGroup
Inc
983‌
36‌
MarketAxess
Holdings
Inc
713‌
121‌
Morningstar
Inc
158‌
32‌
NIQ
Global
Intelligence
Plc
(a),(e)
300‌
5‌
Paylocity
Holding
Corp
(e)
47‌
6‌
Quanta
Services
Inc
657‌
312‌
Robert
Half
Inc
2,108‌
73‌
Service
Corp
International/US
2,714‌
218‌
TransUnion
3,861‌
305‌
U-Haul
Holding
Co
(e)
86‌
5‌
U-Haul
Holding
Co
1,337‌
69‌
United
Rentals
Inc
1,258‌
984‌
Valvoline
Inc
(e)
183‌
6‌
Verisk
Analytics
Inc
1,102‌
240‌
WEX
Inc
(e)
618‌
95‌
WillScot
Holdings
Corp
2,828‌
57‌
$
41,780‌
Computers
-
1
.91
%
Amdocs
Ltd
2,127‌
174‌
Amentum
Holdings
Inc
(e)
3,260‌
117‌
CACI
International
Inc
(e)
21,430‌
13,299‌
Check
Point
Software
Technologies
Ltd
(e)
108,000‌
19,387‌
Cognizant
Technology
Solutions
Corp
9,597‌
788‌
Crane
NXT
Co
1,043‌
53‌
DXC
Technology
Co
(e)
3,700‌
53‌
EPAM
Systems
Inc
(e)
1,048‌
219‌
Figure
Technology
Solutions
Inc
(a),(e)
613‌
35‌
Genpact
Ltd
3,144‌
139‌
Globant
SA
(e)
832‌
56‌
Hewlett
Packard
Enterprise
Co
26,051‌
561‌
HP
Inc
251,287‌
4,885‌
KBR
Inc
2,306‌
99‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Kyndryl
Holdings
Inc
(e)
4,280‌
$
98‌
Leidos
Holdings
Inc
2,523‌
475‌
Lumentum
Holdings
Inc
(e)
1,285‌
503‌
NetApp
Inc
2,379‌
229‌
Okta
Inc
(e)
2,002‌
169‌
Parsons
Corp
(e)
1,046‌
73‌
Pure
Storage
Inc
(e)
950‌
66‌
Rubrik
Inc
(e)
1,066‌
60‌
SailPoint
Inc
(e)
1,282‌
20‌
Sandisk
Corp/DE
(e)
2,666‌
1,536‌
Science
Applications
International
Corp
910‌
93‌
Super
Micro
Computer
Inc
(e)
5,477‌
159‌
Western
Digital
Corp
6,739‌
1,686‌
$
45,032‌
Consumer
Products
-
0
.04
%
Avery
Dennison
Corp
1,508‌
280‌
Church
&
Dwight
Co
Inc
4,767‌
459‌
Clorox
Co/The
2,415‌
272‌
Reynolds
Consumer
Products
Inc
1,162‌
27‌
$
1,038‌
Cosmetics
&
Personal
Care
-
1
.04
%
Coty
Inc
(e)
7,364‌
24‌
elf
Beauty
Inc
(e)
1,086‌
92‌
Estee
Lauder
Cos
Inc/The
205,634‌
23,705‌
Kenvue
Inc
37,775‌
657‌
Perrigo
Co
PLC
2,924‌
42‌
$
24,520‌
Distribution
&
Wholesale
-
0
.07
%
Core
&
Main
Inc
(e)
1,580‌
84‌
Fastenal
Co
4,018‌
174‌
Fermi
Inc
(a),(e)
451‌
4‌
LKQ
Corp
5,117‌
168‌
Pool
Corp
525‌
134‌
RB
Global
Inc
3,444‌
391‌
SiteOne
Landscape
Supply
Inc
(e)
594‌
85‌
Watsco
Inc
683‌
264‌
WESCO
International
Inc
948‌
275‌
WW
Grainger
Inc
126‌
136‌
$
1,715‌
Diversified
Financial
Services
-
3
.46
%
Affiliated
Managers
Group
Inc
20,531‌
6,428‌
Air
Lease
Corp
2,057‌
133‌
Ally
Financial
Inc
60,926‌
2,576‌
Ameriprise
Financial
Inc
175‌
92‌
Cboe
Global
Markets
Inc
19,680‌
5,216‌
Circle
Internet
Group
Inc
(e)
880‌
56‌
Coinbase
Global
Inc
(e)
3,966‌
772‌
Credit
Acceptance
Corp
(a),(e)
84‌
42‌
Evercore
Inc
-
Class
A
7,680‌
2,713‌
Franklin
Resources
Inc
6,077‌
162‌
Freedom
Holding
Corp/NV
(a),(e)
34‌
4‌
Hamilton
Lane
Inc
317‌
45‌
Houlihan
Lokey
Inc
655‌
110‌
Invesco
Ltd
7,209‌
197‌
Janus
Henderson
Group
PLC
2,446‌
118‌
Jefferies
Financial
Group
Inc
2,288‌
140‌
Lazard
Inc
1,471‌
79‌
Nasdaq
Inc
8,986‌
871‌
OneMain
Holdings
Inc
2,353‌
154‌
Raymond
James
Financial
Inc
242,077‌
40,151‌
Rocket
Cos
Inc
18,707‌
335‌
SEI
Investments
Co
30,648‌
2,693‌
SLM
Corp
3,461‌
94‌
SoFi
Technologies
Inc
(e)
20,785‌
474‌
Stifel
Financial
Corp
28,040‌
3,458‌
Synchrony
Financial
7,142‌
519‌
T
Rowe
Price
Group
Inc
4,280‌
452‌
TPG
Inc
103‌
6‌
Tradeweb
Markets
Inc
2,101‌
217‌
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
139
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
UWM
Holdings
Corp
3,281‌
$
16‌
Virtu
Financial
Inc
202,104‌
8,389‌
Voya
Financial
Inc
1,897‌
145‌
Western
Union
Co/The
6,298‌
59‌
XP
Inc
233,872‌
4,563‌
$
81,479‌
Electric
-
4
.63
%
AES
Corp/The
14,110‌
207‌
Alliant
Energy
Corp
566,664‌
37,349‌
Ameren
Corp
5,321‌
550‌
Brookfield
Renewable
Corp
2,840‌
118‌
CenterPoint
Energy
Inc
12,969‌
515‌
Clearway
Energy
Inc
-
Class
A
724‌
25‌
Clearway
Energy
Inc
-
Class
C
1,746‌
63‌
CMS
Energy
Corp
389,901‌
27,874‌
Consolidated
Edison
Inc
95,026‌
10,132‌
DTE
Energy
Co
4,109‌
552‌
Edison
International
198,701‌
12,375‌
Entergy
Corp
8,865‌
850‌
Evergy
Inc
4,562‌
350‌
Eversource
Energy
7,369‌
509‌
Exelon
Corp
75,746‌
3,392‌
FirstEnergy
Corp
10,908‌
516‌
IDACORP
Inc
1,059‌
141‌
NRG
Energy
Inc
17,154‌
2,618‌
OGE
Energy
Corp
3,947‌
172‌
PG&E
Corp
43,588‌
672‌
Pinnacle
West
Capital
Corp
26,111‌
2,443‌
PPL
Corp
14,660‌
531‌
Public
Service
Enterprise
Group
Inc
9,894‌
815‌
Talen
Energy
Corp
(e)
889‌
310‌
WEC
Energy
Group
Inc
46,488‌
5,145‌
Xcel
Energy
Inc
11,714‌
891‌
$
109,115‌
Electrical
Components
&
Equipment
-
0
.07
%
Acuity
Inc
603‌
186‌
AMETEK
Inc
4,544‌
1,018‌
Generac
Holdings
Inc
(e)
1,126‌
189‌
Littelfuse
Inc
480‌
155‌
Universal
Display
Corp
868‌
100‌
$
1,648‌
Electronics
-
4
.71
%
Allegion
plc
1,699‌
281‌
Arrow
Electronics
Inc
(e)
1,013‌
134‌
Avnet
Inc
1,602‌
100‌
Coherent
Corp
(e)
3,079‌
653‌
Flex
Ltd
(e)
56,426‌
3,557‌
Fortive
Corp
6,294‌
332‌
Garmin
Ltd
3,226‌
651‌
Hubbell
Inc
49,852‌
24,325‌
Ingram
Micro
Holding
Corp
(a)
258‌
5‌
Jabil
Inc
19,604‌
4,650‌
Keysight
Technologies
Inc
(e)
174,569‌
37,765‌
Mettler-Toledo
International
Inc
(e)
403‌
553‌
nVent
Electric
PLC
3,154‌
354‌
Ralliant
Corp
70,785‌
3,750‌
Sensata
Technologies
Holding
PLC
3,053‌
106‌
TD
SYNNEX
Corp
68,658‌
10,894‌
Trimble
Inc
(e)
330,691‌
22,355‌
Vontier
Corp
2,885‌
108‌
Woodward
Inc
1,180‌
375‌
$
110,948‌
Energy
-
Alternate
Sources
-
0
.48
%
First
Solar
Inc
(e)
50,309‌
11,346‌
Engineering
&
Construction
-
1
.43
%
AECOM
33,541‌
3,234‌
EMCOR
Group
Inc
11,297‌
8,142‌
Everus
Construction
Group
Inc
(e)
1,009‌
89‌
Jacobs
Solutions
Inc
2,339‌
316‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Engineering
&
Construction
(continued)
MasTec
Inc
(e)
965‌
$
232‌
TopBuild
Corp
(e)
46,316‌
21,679‌
$
33,692‌
Entertainment
-
0
.03
%
Caesars
Entertainment
Inc
(e)
4,278‌
89‌
Churchill
Downs
Inc
211‌
21‌
Flutter
Entertainment
PLC
(e)
539‌
89‌
Liberty
Live
Holdings
Inc
-
A
Shares
(e)
447‌
36‌
Liberty
Live
Holdings
Inc
-
C
Shares
(e)
908‌
75‌
Madison
Square
Garden
Sports
Corp
(e)
319‌
90‌
Penn
Entertainment
Inc
(e)
3,097‌
40‌
TKO
Group
Holdings
Inc
772‌
156‌
Vail
Resorts
Inc
150‌
20‌
$
616‌
Environmental
Control
-
0
.74
%
Clean
Harbors
Inc
(e)
994‌
258‌
Pentair
PLC
3,240‌
341‌
Republic
Services
Inc
76,700‌
16,497‌
Tetra
Tech
Inc
4,266‌
161‌
Veralto
Corp
2,844‌
282‌
$
17,539‌
Food
-
2
.67
%
Albertsons
Cos
Inc
7,845‌
131‌
Campbell's
Company/The
4,076‌
114‌
Conagra
Brands
Inc
9,449‌
175‌
Flowers
Foods
Inc
4,007‌
46‌
General
Mills
Inc
10,590‌
490‌
Hershey
Co/The
2,534‌
493‌
Hormel
Foods
Corp
5,713‌
141‌
Ingredion
Inc
1,259‌
149‌
J
M
Smucker
Co/The
2,048‌
215‌
Kraft
Heinz
Co/The
16,984‌
403‌
Kroger
Co/The
68,584‌
4,310‌
Lamb
Weston
Holdings
Inc
2,643‌
121‌
McCormick
&
Co
Inc/MD
4,992‌
309‌
Performance
Food
Group
Co
(e)
239,446‌
22,855‌
Pilgrim's
Pride
Corp
939‌
41‌
Post
Holdings
Inc
(e)
1,025‌
105‌
Seaboard
Corp
5‌
25‌
Smithfield
Foods
Inc
970‌
23‌
Sysco
Corp
4,426‌
371‌
Tyson
Foods
Inc
5,524‌
361‌
US
Foods
Holding
Corp
(e)
383,247‌
32,047‌
$
62,925‌
Forest
Products
&
Paper
-
0
.02
%
International
Paper
Co
10,412‌
420‌
Gas
-
0
.06
%
Atmos
Energy
Corp
3,167‌
527‌
MDU
Resources
Group
Inc
4,024‌
83‌
National
Fuel
Gas
Co
1,762‌
148‌
NiSource
Inc
9,471‌
419‌
UGI
Corp
4,226‌
169‌
$
1,346‌
Hand
&
Machine
Tools
-
1
.37
%
Lincoln
Electric
Holdings
Inc
119,258‌
31,645‌
MSA
Safety
Inc
726‌
128‌
Snap-on
Inc
1,008‌
369‌
Stanley
Black
&
Decker
Inc
3,059‌
241‌
$
32,383‌
Healthcare
-
Products
-
2
.15
%
Agilent
Technologies
Inc
5,647‌
756‌
Align
Technology
Inc
(e)
1,351‌
220‌
Avantor
Inc
(e)
13,107‌
143‌
Baxter
International
Inc
10,174‌
204‌
Bio-Techne
Corp
3,058‌
196‌
Bruker
Corp
2,043‌
91‌
Caris
Life
Sciences
Inc
(e)
143‌
3‌
Cooper
Cos
Inc/The
(e)
3,921‌
319‌
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
140
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
DENTSPLY
SIRONA
Inc
4,274‌
$
53‌
Envista
Holdings
Corp
(e)
3,232‌
76‌
Exact
Sciences
Corp
(e)
3,485‌
357‌
GE
HealthCare
Technologies
Inc
9,065‌
716‌
Globus
Medical
Inc
(e)
29,376‌
2,664‌
Hologic
Inc
(e)
323,688‌
24,254‌
QIAGEN
NV
3,977‌
213‌
Repligen
Corp
(e)
906‌
135‌
ResMed
Inc
2,205‌
570‌
Revvity
Inc
145,797‌
15,863‌
Solventum
Corp
(e)
2,923‌
225‌
STERIS
PLC
1,941‌
510‌
Teleflex
Inc
934‌
97‌
Waters
Corp
(e)
562‌
208‌
West
Pharmaceutical
Services
Inc
10,730‌
2,480‌
Zimmer
Biomet
Holdings
Inc
3,924‌
342‌
$
50,695‌
Healthcare
-
Services
-
5
.46
%
Acadia
Healthcare
Co
Inc
(e)
2,066‌
28‌
Centene
Corp
(e)
9,747‌
422‌
Charles
River
Laboratories
International
Inc
(e)
958‌
202‌
Chemed
Corp
243‌
104‌
Encompass
Health
Corp
42,624‌
4,029‌
Humana
Inc
2,379‌
464‌
IQVIA
Holdings
Inc
(e)
122,648‌
28,228‌
Labcorp
Holdings
Inc
136,454‌
37,050‌
Molina
Healthcare
Inc
(e)
118,955‌
21,363‌
Quest
Diagnostics
Inc
135,805‌
25,399‌
Sotera
Health
Co
(e)
3,959‌
72‌
Tenet
Healthcare
Corp
(e)
1,721‌
326‌
Universal
Health
Services
Inc
54,618‌
10,992‌
$
128,679‌
Home
Builders
-
0
.23
%
DR
Horton
Inc
24,847‌
3,698‌
Lennar
Corp
-
A
Shares
4,066‌
445‌
Lennar
Corp
-
B
Shares
204‌
21‌
NVR
Inc
(e)
54‌
412‌
PulteGroup
Inc
3,850‌
482‌
Thor
Industries
Inc
997‌
111‌
Toll
Brothers
Inc
1,907‌
275‌
$
5,444‌
Home
Furnishings
-
0
.01
%
Dolby
Laboratories
Inc
1,199‌
77‌
SharkNinja
Inc
(e)
1,359‌
161‌
Whirlpool
Corp
(a)
1,132‌
90‌
$
328‌
Housewares
-
0
.00
%
Newell
Brands
Inc
9,425‌
40‌
Scotts
Miracle-Gro
Co/The
931‌
60‌
$
100‌
Insurance
-
5
.89
%
Allstate
Corp/The
26,982‌
5,369‌
American
Financial
Group
Inc/OH
189,903‌
24,739‌
Arch
Capital
Group
Ltd
(e)
7,076‌
680‌
Assurant
Inc
997‌
237‌
Assured
Guaranty
Ltd
881‌
75‌
Axis
Capital
Holdings
Ltd
1,482‌
153‌
Brighthouse
Financial
Inc
(e)
1,133‌
73‌
Brown
&
Brown
Inc
5,120‌
369‌
Cincinnati
Financial
Corp
3,048‌
490‌
CNA
Financial
Corp
456‌
22‌
Corebridge
Financial
Inc
5,227‌
161‌
Everest
Group
Ltd
705‌
233‌
Fidelity
National
Financial
Inc
204,520‌
11,124‌
First
American
Financial
Corp
68,088‌
4,302‌
Globe
Life
Inc
1,573‌
221‌
Hanover
Insurance
Group
Inc/The
17,846‌
3,108‌
Hartford
Insurance
Group
Inc/The
243,369‌
32,869‌
Kemper
Corp
1,305‌
51‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Lincoln
National
Corp
3,332‌
$
139‌
Loews
Corp
3,345‌
353‌
Markel
Group
Inc
(e)
196‌
400‌
MGIC
Investment
Corp
4,360‌
117‌
Old
Republic
International
Corp
535,795‌
20,987‌
Primerica
Inc
637‌
168‌
Prudential
Financial
Inc
6,948‌
772‌
Reinsurance
Group
of
America
Inc
1,300‌
264‌
RenaissanceRe
Holdings
Ltd
10,690‌
3,011‌
RLI
Corp
1,626‌
95‌
Unum
Group
3,338‌
254‌
W
R
Berkley
Corp
41,493‌
2,845‌
White
Mountains
Insurance
Group
Ltd
51‌
104‌
Willis
Towers
Watson
PLC
79,177‌
25,136‌
$
138,921‌
Internet
-
2
.18
%
CDW
Corp/DE
67,406‌
8,520‌
eBay
Inc
8,968‌
818‌
Etsy
Inc
(e)
891‌
47‌
Expedia
Group
Inc
75,500‌
19,996‌
F5
Inc
(e)
1,127‌
311‌
Gen
Digital
Inc
9,726‌
233‌
IAC
Inc
(e)
1,442‌
53‌
Lyft
Inc
(e)
604,900‌
10,205‌
Maplebear
Inc
(e)
176,890‌
6,573‌
Match
Group
Inc
4,813‌
150‌
Pinterest
Inc
(e)
100,439‌
2,223‌
Robinhood
Markets
Inc
(e)
12,685‌
1,262‌
Roku
Inc
(e)
2,216‌
211‌
Trump
Media
&
Technology
Group
Corp
(e)
1,577‌
20‌
VeriSign
Inc
1,643‌
401‌
Wayfair
Inc
(e)
1,586‌
164‌
Zillow
Group
Inc
-
A
Shares
(e)
1,032‌
64‌
Zillow
Group
Inc
-
C
Shares
(e)
3,269‌
206‌
$
51,457‌
Iron
&
Steel
-
1
.07
%
Carpenter
Technology
Corp
778‌
247‌
Cleveland-Cliffs
Inc
(e)
11,055‌
152‌
Nucor
Corp
4,554‌
810‌
Reliance
Inc
1,024‌
338‌
Steel
Dynamics
Inc
132,052‌
23,712‌
$
25,259‌
Leisure
Products
&
Services
-
0
.65
%
Amer
Sports
Inc
(e)
115,387‌
4,227‌
Brunswick
Corp/DE
1,292‌
104‌
Carnival
Corp
360,186‌
10,812‌
Harley-Davidson
Inc
2,335‌
46‌
Norwegian
Cruise
Line
Holdings
Ltd
(e)
939‌
21‌
YETI
Holdings
Inc
(e)
1,606‌
73‌
$
15,283‌
Lodging
-
0
.53
%
Boyd
Gaming
Corp
1,091‌
92‌
Choice
Hotels
International
Inc
425‌
44‌
Hilton
Worldwide
Holdings
Inc
39,800‌
11,881‌
Hyatt
Hotels
Corp
796‌
124‌
MGM
Resorts
International
(e)
4,024‌
135‌
Travel
+
Leisure
Co
881‌
61‌
Wyndham
Hotels
&
Resorts
Inc
97‌
7‌
Wynn
Resorts
Ltd
1,508‌
162‌
$
12,506‌
Machinery
-
Construction
&
Mining
-
0
.02
%
BWX
Technologies
Inc
1,483‌
305‌
Oshkosh
Corp
1,232‌
177‌
$
482‌
Machinery
-
Diversified
-
3
.91
%
AGCO
Corp
141,921‌
16,095‌
Applied
Industrial
Technologies
Inc
733‌
191‌
CNH
Industrial
NV
17,417‌
187‌
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
141
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Cognex
Corp
94,792‌
$
3,672‌
Crane
Co
966‌
176‌
Dover
Corp
2,684‌
541‌
Esab
Corp
1,115‌
135‌
Flowserve
Corp
24,342‌
1,903‌
Gates
Industrial
Corp
PLC
(e)
5,025‌
116‌
Graco
Inc
3,285‌
287‌
IDEX
Corp
39,393‌
7,821‌
Ingersoll
Rand
Inc
7,893‌
680‌
Middleby
Corp/The
(e)
940‌
138‌
Nordson
Corp
1,047‌
287‌
Otis
Worldwide
Corp
7,747‌
662‌
Regal
Rexnord
Corp
109,302‌
17,652‌
Rockwell
Automation
Inc
14,166‌
5,973‌
Toro
Co/The
66,939‌
6,125‌
Westinghouse
Air
Brake
Technologies
Corp
3,361‌
774‌
Xylem
Inc/NY
207,825‌
28,653‌
$
92,068‌
Media
-
0
.50
%
Charter
Communications
Inc
(e)
1,654‌
341‌
FactSet
Research
Systems
Inc
682‌
173‌
Fox
Corp
-
A
Shares
4,091‌
298‌
Fox
Corp
-
B
Shares
2,940‌
193‌
Liberty
Broadband
Corp
-
A
Shares
(e)
282‌
14‌
Liberty
Broadband
Corp
-
C
Shares
(e)
1,777‌
85‌
Liberty
Global
Ltd
-
A
Shares
(e)
3,591‌
40‌
Liberty
Global
Ltd
-
C
Shares
(e)
234,026‌
2,593‌
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(e)
356‌
28‌
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(e)
2,863‌
249‌
New
York
Times
Co/The
80,966‌
5,936‌
News
Corp
-
A
Shares
7,503‌
203‌
News
Corp
-
B
Shares
(a)
2,499‌
78‌
Nexstar
Media
Group
Inc
511‌
108‌
Sirius
XM
Holdings
Inc
3,766‌
77‌
Warner
Bros
Discovery
Inc
(e)
46,229‌
1,273‌
$
11,689‌
Metal
Fabrication
&
Hardware
-
0
.64
%
Advanced
Drainage
Systems
Inc
1,391‌
211‌
Mueller
Industries
Inc
105,852‌
14,411‌
RBC
Bearings
Inc
(e)
481‌
240‌
Timken
Co/The
1,229‌
115‌
Valmont
Industries
Inc
377‌
168‌
$
15,145‌
Mining
-
1
.83
%
Alcoa
Corp
5,084‌
289‌
Anglogold
Ashanti
Plc
139,432‌
12,949‌
Franco-Nevada
Corp
70,200‌
16,452‌
MP
Materials
Corp
(e)
2,564‌
151‌
Royal
Gold
Inc
50,304‌
13,245‌
$
43,086‌
Miscellaneous
Manufacturers
-
0
.35
%
A
O
Smith
Corp
2,233‌
164‌
Donaldson
Co
Inc
2,275‌
232‌
Entegris
Inc
2,479‌
293‌
ITT
Inc
1,657‌
302‌
Teledyne
Technologies
Inc
(e)
921‌
571‌
Textron
Inc
75,390‌
6,639‌
$
8,201‌
Office
&
Business
Equipment
-
0
.54
%
Zebra
Technologies
Corp
(e)
53,791‌
12,640‌
Oil
&
Gas
-
5
.52
%
Antero
Resources
Corp
(e)
5,721‌
208‌
APA
Corp
7,019‌
185‌
Chord
Energy
Corp
130,631‌
13,094‌
Coterra
Energy
Inc
904,759‌
26,103‌
Devon
Energy
Corp
660,687‌
26,566‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
(continued)
Diamondback
Energy
Inc
3,722‌
$
610‌
EQT
Corp
12,304‌
710‌
Expand
Energy
Corp
176,706‌
19,864‌
HF
Sinclair
Corp
209,704‌
10,903‌
Marathon
Petroleum
Corp
34,004‌
5,991‌
Matador
Resources
Co
2,316‌
105‌
Occidental
Petroleum
Corp
13,967‌
634‌
Ovintiv
Inc
5,053‌
220‌
Permian
Resources
Corp
14,128‌
228‌
Phillips
66
68,118‌
9,779‌
Range
Resources
Corp
4,650‌
176‌
Valero
Energy
Corp
79,256‌
14,379‌
Viper
Energy
Inc
3,305‌
140‌
Weatherford
International
PLC
1,395‌
131‌
$
130,026‌
Oil
&
Gas
Services
-
1
.82
%
Baker
Hughes
Co
339,600‌
19,031‌
Halliburton
Co
16,674‌
559‌
NOV
Inc
7,204‌
132‌
SLB
Ltd
212,400‌
10,276‌
TechnipFMC
PLC
229,746‌
12,802‌
$
42,800‌
Packaging
&
Containers
-
2
.48
%
Amcor
PLC
9,176‌
406‌
AptarGroup
Inc
161,589‌
20,190‌
Ball
Corp
5,401‌
307‌
Crown
Holdings
Inc
9,487‌
993‌
Graphic
Packaging
Holding
Co
5,801‌
85‌
Packaging
Corp
of
America
160,944‌
35,818‌
Sealed
Air
Corp
2,865‌
120‌
Silgan
Holdings
Inc
(a)
1,752‌
76‌
Smurfit
WestRock
PLC
10,351‌
431‌
Sonoco
Products
Co
1,953‌
94‌
$
58,520‌
Pharmaceuticals
-
0
.21
%
BellRing
Brands
Inc
(e)
2,492‌
62‌
Cardinal
Health
Inc
2,349‌
505‌
Elanco
Animal
Health
Inc
(e)
9,771‌
235‌
Henry
Schein
Inc
(e)
2,070‌
156‌
Jazz
Pharmaceuticals
PLC
(e)
1,149‌
189‌
Neurocrine
Biosciences
Inc
(e)
24,921‌
3,391‌
Organon
&
Co
5,152‌
44‌
Viatris
Inc
22,944‌
300‌
$
4,882‌
Pipelines
-
0
.13
%
Antero
Midstream
Corp
6,573‌
124‌
Cheniere
Energy
Inc
2,320‌
491‌
DT
Midstream
Inc
2,003‌
252‌
Kinder
Morgan
Inc
38,592‌
1,177‌
ONEOK
Inc
12,391‌
981‌
$
3,025‌
Private
Equity
-
0
.01
%
Carlyle
Group
Inc/The
5,144‌
302‌
Real
Estate
-
0
.07
%
CBRE
Group
Inc
(e)
5,241‌
893‌
CoStar
Group
Inc
(e)
7,247‌
446‌
Howard
Hughes
Holdings
Inc
(e)
666‌
54‌
Jones
Lang
LaSalle
Inc
(e)
676‌
242‌
$
1,635‌
REITs
-
5
.62
%
AGNC
Investment
Corp
21,281‌
243‌
Agree
Realty
Corp
2,235‌
161‌
Alexandria
Real
Estate
Equities
Inc
3,384‌
185‌
American
Homes
4
Rent
6,759‌
212‌
Americold
Realty
Trust
Inc
6,087‌
76‌
Annaly
Capital
Management
Inc
13,573‌
312‌
AvalonBay
Communities
Inc
2,799‌
497‌
Brixmor
Property
Group
Inc
6,079‌
163‌
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
142
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
BXP
Inc
3,133‌
$
203‌
Camden
Property
Trust
185,097‌
20,185‌
Cousins
Properties
Inc
3,310‌
84‌
Crown
Castle
Inc
8,609‌
747‌
CubeSmart
4,455‌
167‌
Digital
Realty
Trust
Inc
6,818‌
1,132‌
EastGroup
Properties
Inc
1,041‌
189‌
EPR
Properties
1,591‌
86‌
Equity
LifeStyle
Properties
Inc
380,487‌
24,035‌
Equity
Residential
7,503‌
468‌
Essex
Property
Trust
Inc
1,250‌
315‌
Extra
Space
Storage
Inc
4,176‌
576‌
Federal
Realty
Investment
Trust
1,678‌
170‌
First
Industrial
Realty
Trust
Inc
2,530‌
147‌
Gaming
and
Leisure
Properties
Inc
5,376‌
241‌
Healthcare
Realty
Trust
Inc
309,565‌
5,197‌
Healthpeak
Properties
Inc
13,796‌
238‌
Highwoods
Properties
Inc
2,144‌
55‌
Host
Hotels
&
Resorts
Inc
13,641‌
253‌
Invitation
Homes
Inc
12,175‌
325‌
Iron
Mountain
Inc
5,783‌
533‌
Kilroy
Realty
Corp
2,436‌
84‌
Kimco
Realty
Corp
13,298‌
280‌
Lamar
Advertising
Co
218,100‌
27,984‌
Lineage
Inc
1,507‌
54‌
Medical
Properties
Trust
Inc
10,732‌
54‌
Mid-America
Apartment
Communities
Inc
2,293‌
308‌
Millrose
Properties
Inc
86,294‌
2,572‌
National
Storage
Affiliates
Trust
1,511‌
48‌
NNN
REIT
Inc
663,164‌
27,634‌
Omega
Healthcare
Investors
Inc
5,850‌
257‌
Park
Hotels
&
Resorts
Inc
4,216‌
46‌
Rayonier
Inc
5,890‌
134‌
Realty
Income
Corp
18,144‌
1,110‌
Regency
Centers
Corp
3,565‌
260‌
Rexford
Industrial
Realty
Inc
4,655‌
189‌
Rithm
Capital
Corp
10,978‌
120‌
SBA
Communications
Corp
2,125‌
391‌
Simon
Property
Group
Inc
18,888‌
3,613‌
STAG
Industrial
Inc
3,686‌
138‌
Starwood
Property
Trust
Inc
6,756‌
121‌
Sun
Communities
Inc
1,961‌
250‌
UDR
Inc
6,174‌
229‌
Ventas
Inc
9,293‌
722‌
VICI
Properties
Inc
284,763‌
7,996‌
Vornado
Realty
Trust
3,456‌
110‌
Weyerhaeuser
Co
14,433‌
372‌
WP
Carey
Inc
4,260‌
297‌
$
132,568‌
Retail
-
7
.41
%
AutoNation
Inc
(e)
520‌
107‌
AutoZone
Inc
(e)
6,195‌
22,948‌
Bath
&
Body
Works
Inc
4,088‌
89‌
Best
Buy
Co
Inc
3,814‌
248‌
BJ's
Wholesale
Club
Holdings
Inc
(e)
2,198‌
203‌
CarMax
Inc
(e)
2,903‌
129‌
Casey's
General
Stores
Inc
37,723‌
22,879‌
Darden
Restaurants
Inc
125‌
25‌
Dick's
Sporting
Goods
Inc
1,248‌
252‌
Dillard's
Inc
(a)
67‌
41‌
Dollar
General
Corp
103,758‌
14,881‌
Dollar
Tree
Inc
(e)
3,821‌
449‌
Domino's
Pizza
Inc
423‌
174‌
Ferguson
Enterprises
Inc
3,544‌
895‌
Five
Below
Inc
(e)
34,057‌
6,527‌
Floor
&
Decor
Holdings
Inc
(e)
1,475‌
97‌
Freshpet
Inc
(e)
740‌
52‌
GameStop
Corp
(e)
8,109‌
194‌
Gap
Inc/The
4,557‌
127‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Genuine
Parts
Co
2,744‌
$
381‌
Lithia
Motors
Inc
413‌
134‌
Lowe's
Cos
Inc
107,100‌
28,602‌
Lululemon
Athletica
Inc
(e)
863‌
151‌
Macy's
Inc
5,332‌
107‌
MSC
Industrial
Direct
Co
Inc
872‌
74‌
Ollie's
Bargain
Outlet
Holdings
Inc
(e)
1,192‌
131‌
Penske
Automotive
Group
Inc
114,493‌
17,952‌
QXO
Inc
(e)
12,155‌
270‌
Restaurant
Brands
International
Inc
39,517‌
2,647‌
RH
(e)
273‌
54‌
Ross
Stores
Inc
5,048‌
952‌
Texas
Roadhouse
Inc
111,000‌
19,964‌
Tractor
Supply
Co
276,500‌
14,068‌
Ulta
Beauty
Inc
(e)
670‌
434‌
Wendy's
Co/The
1,945‌
15‌
Williams-Sonoma
Inc
87,493‌
17,906‌
Yum!
Brands
Inc
3,653‌
568‌
$
174,727‌
Savings
&
Loans
-
0
.00
%
TFS
Financial
Corp
1,119‌
16‌
Semiconductors
-
2
.51
%
Allegro
MicroSystems
Inc
(e)
2,441‌
90‌
Amkor
Technology
Inc
2,336‌
113‌
Cirrus
Logic
Inc
(e)
1,003‌
131‌
GLOBALFOUNDRIES
Inc
(e)
2,038‌
86‌
IPG
Photonics
Corp
(e)
531‌
49‌
Lattice
Semiconductor
Corp
(e)
435‌
35‌
MACOM
Technology
Solutions
Holdings
Inc
(e)
934‌
205‌
Microchip
Technology
Inc
394,586‌
29,957‌
MKS
Inc
114,325‌
26,913‌
ON
Semiconductor
Corp
(e)
8,110‌
486‌
Onto
Innovation
Inc
(e)
748‌
151‌
Qorvo
Inc
(e)
1,653‌
129‌
Skyworks
Solutions
Inc
2,951‌
164‌
Teradyne
Inc
3,085‌
744‌
$
59,253‌
Shipbuilding
-
0
.01
%
Huntington
Ingalls
Industries
Inc
765‌
322‌
Software
-
1
.11
%
Akamai
Technologies
Inc
(e)
198,394‌
19,274‌
BILL
Holdings
Inc
(e)
1,597‌
69‌
Broadridge
Financial
Solutions
Inc
231‌
46‌
Bullish
(a),(e)
599‌
18‌
CCC
Intelligent
Solutions
Holdings
Inc
(e)
11,913‌
90‌
Concentrix
Corp
951‌
36‌
Dayforce
Inc
(e)
2,752‌
191‌
Docusign
Inc
(e)
1,053‌
55‌
DoubleVerify
Holdings
Inc
(e)
1,591‌
17‌
Dropbox
Inc
-
A
Shares
(e)
2,885‌
73‌
Electronic
Arts
Inc
4,980‌
1,016‌
Fair
Isaac
Corp
(e)
81‌
119‌
Fidelity
National
Information
Services
Inc
10,431‌
576‌
Jack
Henry
&
Associates
Inc
1,434‌
257‌
MongoDB
Inc
(e)
1,405‌
522‌
MSCI
Inc
732‌
446‌
nCino
Inc
(e)
1,967‌
42‌
Nutanix
Inc
(e)
3,870‌
152‌
Paychex
Inc
4,392‌
453‌
Paycom
Software
Inc
461‌
62‌
Pegasystems
Inc
1,272‌
56‌
PTC
Inc
(e)
2,086‌
326‌
SentinelOne
Inc
(e)
1,730‌
24‌
SS&C
Technologies
Holdings
Inc
4,154‌
340‌
Take-Two
Interactive
Software
Inc
(e)
2,384‌
525‌
Teradata
Corp
(e)
1,551‌
44‌
Twilio
Inc
(e)
2,319‌
279‌
Tyler
Technologies
Inc
(e)
146‌
54‌
UiPath
Inc
(e)
7,980‌
100‌
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
143
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Unity
Software
Inc
(e)
6,015‌
$
175‌
Veeva
Systems
Inc
(e)
586‌
119‌
Zoom
Communications
Inc
(e)
5,283‌
487‌
ZoomInfo
Technologies
Inc
(e)
5,692‌
46‌
$
26,089‌
Telecommunications
-
0
.97
%
AST
SpaceMobile
Inc
(e)
360‌
40‌
Ciena
Corp
(e)
2,783‌
701‌
Corning
Inc
138,015‌
14,250‌
GCI
Liberty
Inc
-
Class
A
(e)
65‌
2‌
GCI
Liberty
Inc
-
Class
C
(e)
543‌
20‌
Iridium
Communications
Inc
1,946‌
39‌
Millicom
International
Cellular
SA
126,908‌
7,745‌
$
22,797‌
Toys,
Games
&
Hobbies
-
0
.02
%
Hasbro
Inc
2,614‌
234‌
Mattel
Inc
(e)
6,137‌
128‌
$
362‌
Transportation
-
2
.93
%
CH
Robinson
Worldwide
Inc
22,076‌
4,304‌
CSX
Corp
728,300‌
27,501‌
Expeditors
International
of
Washington
Inc
2,677‌
430‌
GXO
Logistics
Inc
(e)
2,195‌
124‌
JB
Hunt
Transport
Services
Inc
1,522‌
309‌
Kirby
Corp
(e)
1,087‌
128‌
Knight-Swift
Transportation
Holdings
Inc
423,709‌
23,346‌
Landstar
System
Inc
78,074‌
11,661‌
Old
Dominion
Freight
Line
Inc
3,470‌
601‌
Ryder
System
Inc
771‌
147‌
Saia
Inc
(e)
523‌
175‌
Schneider
National
Inc
987‌
27‌
XPO
Inc
(a),(e)
1,798‌
266‌
$
69,019‌
Water
-
1
.24
%
American
Water
Works
Co
Inc
225,316‌
29,095‌
Essential
Utilities
Inc
5,558‌
216‌
$
29,311‌
TOTAL
COMMON
STOCKS
$
2,296,465‌
Total
Investments
$
2,358,516‌
Other
Assets
and
Liabilities
-  (0.04)%
(
839‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,357,677‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,310
or
0.14%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,407
or
0.14%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
77,539‌
$
266,477‌
$
287,216‌
$
56,800‌
$
77,539‌
$
266,477‌
$
287,216‌
$
56,800‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
584‌
$
—‌
$
—‌
$
—‌
$
584‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
Mid
400
Emini;
March
2026
Long
23‌
$
7,929‌
$
(
106‌
)
Total
$
(
106‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Overseas
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
144
INVESTMENT
COMPANIES
-
1
.20
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.37
%
iShares
MSCI
EAFE
Value
ETF
88,500‌
$
6,668‌
Money
Market
Funds
-
0
.83
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
147,668‌
147‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(c)
14,897,917‌
14,898‌
$
15,045‌
TOTAL
INVESTMENT
COMPANIES
$
21,713‌
COMMON
STOCKS
-
97
.60
%
Shares
Held
Value
(000's)
Advertising
-
0
.02
%
Publicis
Groupe
SA
4,055‌
$
405‌
Aerospace
&
Defense
-
2
.13
%
Melrose
Industries
PLC
257,345‌
2,213‌
QinetiQ
Group
PLC
1,082,803‌
7,460‌
Rolls-Royce
Holdings
PLC
1,052,773‌
17,599‌
Thales
SA
36,943‌
11,309‌
$
38,581‌
Agriculture
-
0
.73
%
British
American
Tobacco
PLC
183,142‌
11,064‌
Imperial
Brands
PLC
13,464‌
567‌
Japan
Tobacco
Inc
21,100‌
763‌
KT&G
Corp
6,717‌
718‌
Wilmar
International
Ltd
33,900‌
91‌
$
13,203‌
Airlines
-
0
.02
%
ANA
Holdings
Inc
1,100‌
21‌
Deutsche
Lufthansa
AG
10,622‌
110‌
Japan
Airlines
Co
Ltd
1,000‌
19‌
Singapore
Airlines
Ltd
(d)
27,300‌
136‌
$
286‌
Apparel
-
2
.15
%
Kering
SA
105,994‌
33,089‌
LVMH
Moet
Hennessy
Louis
Vuitton
SE
8,938‌
5,769‌
$
38,858‌
Automobile
Manufacturers
-
0
.70
%
Bayerische
Motoren
Werke
AG
4,936‌
508‌
Daimler
Truck
Holding
AG
95,091‌
4,605‌
Honda
Motor
Co
Ltd
65,000‌
654‌
Isuzu
Motors
Ltd
9,500‌
153‌
Mercedes-Benz
Group
AG
12,704‌
868‌
Renault
SA
2,197‌
83‌
Stellantis
NV
35,714‌
350‌
Subaru
Corp
10,400‌
223‌
Suzuki
Motor
Corp
27,400‌
374‌
Toyota
Motor
Corp
166,950‌
3,784‌
Volvo
AB
-
B
Shares
27,952‌
1,016‌
$
12,618‌
Automobile
Parts
&
Equipment
-
1
.34
%
Aisin
Corp
8,600‌
154‌
Aumovio
SE
(e)
247,307‌
11,867‌
Bridgestone
Corp
20,100‌
453‌
Cie
Generale
des
Etablissements
Michelin
SCA
11,878‌
441‌
Continental
AG
138,239‌
10,878‌
Denso
Corp
30,500‌
423‌
$
24,216‌
Banks
-
17
.23
%
ABN
AMRO
Bank
NV
(f)
378,939‌
13,962‌
AIB
Group
PLC
37,849‌
423‌
ANZ
Group
Holdings
Ltd
710,350‌
18,071‌
Banca
Mediolanum
SpA
3,960‌
93‌
Banca
Monte
dei
Paschi
di
Siena
SpA
34,982‌
363‌
Banco
Bilbao
Vizcaya
Argentaria
SA
101,382‌
2,573‌
Banco
BPM
SpA
20,128‌
302‌
Banco
Comercial
Portugues
SA
86,342‌
93‌
Banco
de
Sabadell
SA
88,994‌
349‌
Banco
Santander
SA
261,841‌
3,343‌
Bank
Hapoalim
BM
22,145‌
547‌
Bank
Leumi
Le-Israel
BM
26,195‌
630‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Bank
Mandiri
Persero
Tbk
PT
42,585,700‌
$
12,254‌
Bank
of
Ireland
Group
PLC
16,784‌
341‌
Bank
of
Nova
Scotia/The
175,700‌
13,136‌
Bankinter
SA
11,942‌
204‌
Banque
Cantonale
Vaudoise
580‌
79‌
Barclays
PLC
5,650,672‌
37,713‌
BNP
Paribas
SA
385,401‌
41,675‌
BOC
Hong
Kong
Holdings
Ltd
64,800‌
341‌
BPER
Banca
SPA
25,902‌
365‌
CaixaBank
SA
68,550‌
905‌
Chiba
Bank
Ltd/The
9,800‌
133‌
Commerzbank
AG
4,513‌
186‌
Commonwealth
Bank
of
Australia
10,302‌
1,066‌
Credit
Agricole
SA
18,761‌
406‌
Danske
Bank
A/S
11,752‌
599‌
DBS
Group
Holdings
Ltd
13,000‌
604‌
Deutsche
Bank
AG
227,176‌
8,964‌
DNB
Bank
ASA
15,707‌
450‌
Erste
Group
Bank
AG
5,417‌
704‌
Eurobank
SA
807,756‌
3,948‌
FinecoBank
Banca
Fineco
SpA
10,758‌
285‌
Grupo
Financiero
Banorte
SAB
de
CV
1,438,400‌
16,216‌
HSBC
Holdings
PLC
303,277‌
5,350‌
ING
Groep
NV
289,983‌
8,552‌
Intesa
Sanpaolo
SpA
250,538‌
1,774‌
Israel
Discount
Bank
Ltd
21,711‌
256‌
Japan
Post
Bank
Co
Ltd
31,400‌
558‌
KBC
Group
NV
4,067‌
573‌
Lloyds
Banking
Group
PLC
676,885‌
1,011‌
Mitsubishi
UFJ
Financial
Group
Inc
201,800‌
3,655‌
Mizrahi
Tefahot
Bank
Ltd
2,764‌
216‌
Mizuho
Financial
Group
Inc
43,800‌
1,902‌
National
Australia
Bank
Ltd
53,882‌
1,619‌
NatWest
Group
PLC
953,222‌
8,688‌
Nordea
Bank
Abp
718,800‌
13,887‌
Oversea-Chinese
Banking
Corp
Ltd
59,600‌
995‌
Raiffeisen
Bank
International
AG
1,632‌
82‌
Resona
Holdings
Inc
18,000‌
210‌
Shinhan
Financial
Group
Co
Ltd
104,775‌
6,123‌
Skandinaviska
Enskilda
Banken
AB
26,632‌
572‌
Societe
Generale
SA
142,868‌
12,519‌
Standard
Chartered
PLC
963,749‌
24,659‌
Sumitomo
Mitsui
Financial
Group
Inc
244,900‌
8,618‌
Sumitomo
Mitsui
Trust
Group
Inc
11,114‌
371‌
Svenska
Handelsbanken
AB
25,836‌
407‌
Swedbank
AB
14,966‌
582‌
UniCredit
SpA
176,701‌
15,399‌
United
Overseas
Bank
Ltd
337,300‌
10,166‌
Westpac
Banking
Corp
60,168‌
1,617‌
Yokohama
Financial
Group
Inc
18,000‌
164‌
$
311,848‌
Beverages
-
3
.31
%
Anheuser-Busch
InBev
SA/NV
186,562‌
13,429‌
Asahi
Group
Holdings
Ltd
26,400‌
276‌
Carlsberg
AS
110,656‌
15,044‌
Davide
Campari-Milano
NV
11,754‌
84‌
Diageo
PLC
691,835‌
15,919‌
Heineken
Holding
NV
2,298‌
171‌
Heineken
NV
173,636‌
14,334‌
JDE
Peet's
NV
3,027‌
114‌
Kirin
Holdings
Co
Ltd
6,600‌
103‌
Pernod
Ricard
SA
3,576‌
320‌
Suntory
Beverage
&
Food
Ltd
2,600‌
82‌
$
59,876‌
Biotechnology
-
0
.00
%
Financiere
de
Tubize
SA
247‌
63‌
Schedule
of
Investments
Overseas
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
145
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Building
Materials
-
2
.12
%
AGC
Inc
3,300‌
$
122‌
Buzzi
SpA
1,471‌
84‌
Cie
de
Saint-Gobain
SA
195,510‌
19,298‌
Geberit
AG
208‌
159‌
Holcim
AG
(e)
8,976‌
925‌
Sika
AG
1,340‌
257‌
Svenska
Cellulosa
AB
SCA
10,758‌
134‌
TOTO
Ltd
552,100‌
17,352‌
$
38,331‌
Chemicals
-
2
.26
%
Akzo
Nobel
NV
314,284‌
22,018‌
Arkema
SA
144,235‌
8,686‌
Asahi
Kasei
Corp
22,500‌
218‌
BASF
SE
15,701‌
851‌
Brenntag
SE
2,158‌
131‌
DSM-Firmenich
AG
3,038‌
240‌
EMS-Chemie
Holding
AG
86‌
67‌
Evonik
Industries
AG
4,928‌
76‌
Givaudan
SA
57‌
220‌
Mitsubishi
Chemical
Group
Corp
22,500‌
149‌
Nitto
Denko
Corp
5,900‌
131‌
Syensqo
SA
91,922‌
7,737‌
Toray
Industries
Inc
24,400‌
180‌
Yara
International
ASA
2,934‌
135‌
$
40,839‌
Commercial
Services
-
0
.81
%
Dai
Nippon
Printing
Co
Ltd
6,800‌
122‌
Edenred
SE
4,217‌
88‌
Intertek
Group
PLC
1,355‌
83‌
Nexi
SpA
(f)
10,649‌
45‌
Randstad
NV
2,088‌
75‌
RELX
PLC
374,484‌
13,376‌
Rentokil
Initial
PLC
28,874‌
179‌
Secom
Co
Ltd
6,900‌
253‌
Securitas
AB
8,710‌
144‌
SGS
SA
1,892‌
228‌
TOPPAN
Holdings
Inc
4,200‌
130‌
$
14,723‌
Computers
-
1
.59
%
Capgemini
SE
182,417‌
28,344‌
Fujitsu
Ltd
10,800‌
300‌
Logitech
International
SA
940‌
81‌
Otsuka
Corp
4,200‌
83‌
$
28,808‌
Consumer
Products
-
1
.34
%
Henkel
AG
&
Co
KGaA
1,842‌
152‌
Reckitt
Benckiser
Group
PLC
289,219‌
24,129‌
$
24,281‌
Cosmetics
&
Personal
Care
-
0
.17
%
Essity
AB
10,604‌
314‌
Haleon
PLC
156,659‌
819‌
Kao
Corp
8,100‌
324‌
Unilever
PLC
24,918‌
1,695‌
$
3,152‌
Distribution
&
Wholesale
-
0
.29
%
Bunzl
PLC
5,805‌
163‌
Marubeni
Corp
24,800‌
822‌
Mitsubishi
Corp
56,700‌
1,506‌
Mitsui
&
Co
Ltd
43,500‌
1,421‌
Rexel
SA
3,972‌
167‌
Sumitomo
Corp
19,100‌
776‌
Toyota
Tsusho
Corp
12,200‌
444‌
$
5,299‌
Diversified
Financial
Services
-
3
.05
%
AerCap
Holdings
NV
3,126‌
449‌
Amundi
SA
(f)
1,092‌
97‌
Azimut
Holding
SpA
373,037‌
15,759‌
Daiwa
Securities
Group
Inc
23,400‌
228‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
Euronext
NV
(f)
670‌
$
94‌
Japan
Exchange
Group
Inc
17,200‌
188‌
Julius
Baer
Group
Ltd
252,915‌
21,126‌
Mitsubishi
HC
Capital
Inc
15,500‌
135‌
Nomura
Holdings
Inc
53,100‌
481‌
ORIX
Corp
20,400‌
622‌
SBI
Holdings
Inc
9,700‌
219‌
Schroders
PLC
12,774‌
79‌
St
James's
Place
PLC
750,244‌
15,669‌
$
55,146‌
Electric
-
3
.66
%
Chubu
Electric
Power
Co
Inc
11,800‌
171‌
CLP
Holdings
Ltd
29,000‌
274‌
Contact
Energy
Ltd
14,808‌
84‌
E.ON
SE
219,654‌
4,659‌
EDP
SA
55,586‌
284‌
Elia
Group
SA/NV
773‌
112‌
Endesa
SA
5,586‌
206‌
Enel
SpA
1,895,233‌
20,940‌
Engie
SA
32,130‌
959‌
Fortum
Oyj
705,103‌
16,657‌
Hikari
Tsushin
Inc
300‌
83‌
Iberdrola
SA
113,183‌
2,545‌
Kansai
Electric
Power
Co
Inc/The
16,700‌
266‌
Meridian
Energy
Ltd
25,157‌
85‌
National
Grid
PLC
973,514‌
16,540‌
Origin
Energy
Ltd
30,512‌
250‌
Orsted
AS
(e),(f)
9,362‌
211‌
Power
Assets
Holdings
Ltd
24,500‌
190‌
Redeia
Corp
SA
7,188‌
124‌
RWE
AG
11,122‌
706‌
SSE
PLC
21,211‌
705‌
Terna
-
Rete
Elettrica
Nazionale
24,919‌
270‌
$
66,321‌
Electrical
Components
&
Equipment
-
0
.57
%
Signify
NV
(f)
489,477‌
10,391‌
Electronics
-
2
.55
%
Kyocera
Corp
22,700‌
341‌
MINEBEA
MITSUMI
Inc
744,400‌
15,213‌
Murata
Manufacturing
Co
Ltd
671,486‌
13,641‌
Sensata
Technologies
Holding
PLC
487,702‌
16,870‌
Shimadzu
Corp
2,100‌
57‌
$
46,122‌
Energy
-
Alternate
Sources
-
0
.67
%
Vestas
Wind
Systems
A/S
398,508‌
12,079‌
Engineering
&
Construction
-
0
.72
%
Acciona
SA
236‌
51‌
Auckland
International
Airport
Ltd
29,902‌
149‌
Bouygues
SA
3,391‌
183‌
CK
Infrastructure
Holdings
Ltd
11,500‌
94‌
Eiffage
SA
1,217‌
181‌
Fraport
AG
Frankfurt
Airport
Services
Worldwide
(e)
128,346‌
11,875‌
Obayashi
Corp
11,200‌
253‌
Skanska
AB
6,029‌
183‌
$
12,969‌
Entertainment
-
0
.01
%
Evolution
AB
(f)
887‌
58‌
FDJ
UNITED
2,122‌
56‌
$
114‌
Food
-
0
.39
%
Carrefour
SA
10,434‌
171‌
Danone
SA
11,388‌
892‌
J
Sainsbury
PLC
30,545‌
134‌
Kerry
Group
PLC
2,851‌
253‌
Kesko
Oyj
4,839‌
122‌
Kikkoman
Corp
8,300‌
75‌
Koninklijke
Ahold
Delhaize
NV
15,780‌
617‌
Magnum
Ice
Cream
Co
NV/The
(e)
5,606‌
100‌
Schedule
of
Investments
Overseas
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
146
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Food
(continued)
Nestle
SA
45,364‌
$
4,329‌
Orkla
ASA
12,325‌
147‌
WH
Group
Ltd
(f)
143,000‌
169‌
$
7,009‌
Food
Service
-
0
.00
%
Sodexo
SA
1,688‌
86‌
Forest
Products
&
Paper
-
0
.02
%
Holmen
AB
1,345‌
50‌
UPM-Kymmene
Oyj
9,348‌
258‌
$
308‌
Gas
-
2
.30
%
Centrica
PLC
5,648,459‌
14,790‌
Enagas
SA
586,680‌
9,659‌
Naturgy
Energy
Group
SA
4,269‌
134‌
Osaka
Gas
Co
Ltd
6,300‌
237‌
Sembcorp
Industries
Ltd
17,100‌
81‌
Snam
SpA
2,450,189‌
16,839‌
$
41,740‌
Hand
&
Machine
Tools
-
0
.02
%
Fuji
Electric
Co
Ltd
1,600‌
114‌
Makita
Corp
3,900‌
136‌
Schindler
Holding
AG
-
PC
361‌
139‌
Schindler
Holding
AG
-
REG
206‌
76‌
$
465‌
Healthcare
-
Products
-
3
.27
%
Coloplast
A/S
1,108‌
94‌
Elekta
AB
1,546,094‌
9,939‌
FUJIFILM
Holdings
Corp
19,700‌
393‌
Getinge
AB
461,687‌
10,117‌
Koninklijke
Philips
NV
581,712‌
16,705‌
Olympus
Corp
1,101,127‌
13,152‌
QIAGEN
NV
1,823‌
97‌
Siemens
Healthineers
AG
(f)
2,083‌
104‌
Smith
&
Nephew
PLC
504,863‌
8,604‌
$
59,205‌
Healthcare
-
Services
-
0
.04
%
Eurofins
Scientific
SE
1,051‌
85‌
Fresenius
Medical
Care
AG
3,898‌
175‌
Fresenius
SE
&
Co
KGaA
7,484‌
419‌
Sonic
Healthcare
Ltd
8,315‌
133‌
$
812‌
Holding
Companies
-
Diversified
-
0
.01
%
Jardine
Matheson
Holdings
Ltd
1,818‌
132‌
Swire
Pacific
Ltd
6,000‌
58‌
$
190‌
Home
Builders
-
0
.39
%
Barratt
Redrow
PLC
24,228‌
129‌
Berkeley
Group
Holdings
PLC
114,753‌
6,483‌
Daiwa
House
Industry
Co
Ltd
9,900‌
337‌
Sekisui
Chemical
Co
Ltd
6,700‌
119‌
$
7,068‌
Home
Furnishings
-
0
.08
%
Panasonic
Holdings
Corp
41,100‌
564‌
Sony
Group
Corp
37,800‌
833‌
$
1,397‌
Insurance
-
5
.62
%
Admiral
Group
PLC
4,579‌
172‌
Aegon
Ltd
23,417‌
184‌
Ageas
SA/NV
2,643‌
188‌
AIA
Group
Ltd
1,506,200‌
17,378‌
Allianz
SE
6,794‌
2,991‌
ASR
Nederland
NV
2,778‌
202‌
Aviva
PLC
54,148‌
472‌
AXA
SA
30,514‌
1,391‌
Dai-ichi
Life
Holdings
Inc
61,600‌
542‌
Generali
22,879‌
934‌
Hannover
Rueck
SE
1,060‌
300‌
Helvetia
Baloise
Holding
AG
1,399‌
355‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Japan
Post
Holdings
Co
Ltd
31,500‌
$
379‌
Japan
Post
Insurance
Co
Ltd
3,300‌
102‌
Legal
&
General
Group
PLC
3,375,578‌
12,256‌
M&G
PLC
3,350,563‌
14,204‌
Mapfre
SA
17,639‌
81‌
MS&AD
Insurance
Group
Holdings
Inc
22,600‌
576‌
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
2,299‌
1,393‌
NN
Group
NV
4,767‌
378‌
Phoenix
Financial
Ltd
4,002‌
194‌
Phoenix
Group
Holdings
PLC
12,437‌
126‌
Prudential
PLC
669,269‌
10,993‌
QBE
Insurance
Group
Ltd
26,562‌
364‌
Sampo
Oyj
42,588‌
475‌
Samsung
Fire
&
Marine
Insurance
Co
Ltd
13,172‌
4,580‌
SCOR
SE
468,284‌
15,260‌
Sompo
Holdings
Inc
320,400‌
11,049‌
Suncorp
Group
Ltd
19,180‌
226‌
Swiss
Life
Holding
AG
503‌
551‌
Swiss
Re
AG
5,257‌
840‌
Tokio
Marine
Holdings
Inc
11,200‌
417‌
Tryg
A/S
5,956‌
145‌
Unipol
Assicurazioni
SpA
6,355‌
141‌
Zurich
Insurance
Group
AG
2,575‌
1,832‌
$
101,671‌
Internet
-
0
.59
%
Rakuten
Group
Inc
(e)
10,200‌
61‌
Tencent
Holdings
Ltd
137,500‌
10,569‌
$
10,630‌
Investment
Companies
-
0
.11
%
EXOR
NV
1,070‌
88‌
Groupe
Bruxelles
Lambert
NV
1,417‌
134‌
Industrivarden
AB
-
A
Shares
1,483‌
74‌
Industrivarden
AB
-
C
Shares
1,796‌
90‌
Investor
AB
-
B
Shares
32,048‌
1,236‌
L
E
Lundbergforetagen
AB
1,337‌
79‌
Sofina
SA
292‌
85‌
Washington
H
Soul
Pattinson
&
Co
Ltd
6,076‌
163‌
$
1,949‌
Iron
&
Steel
-
0
.25
%
ArcelorMittal
SA
65,294‌
3,546‌
Fortescue
Ltd
29,996‌
434‌
JFE
Holdings
Inc
10,100‌
136‌
Nippon
Steel
Corp
85,200‌
355‌
$
4,471‌
Leisure
Products
&
Services
-
0
.96
%
Carnival
Corp
568,278‌
17,060‌
Shimano
Inc
1,300‌
148‌
Yamaha
Motor
Co
Ltd
16,200‌
122‌
$
17,330‌
Machinery
-
Construction
&
Mining
-
0
.65
%
Komatsu
Ltd
306,347‌
11,726‌
Machinery
-
Diversified
-
4
.71
%
CNH
Industrial
NV
730,819‌
7,864‌
FANUC
Corp
505,500‌
20,298‌
Hexagon
AB
843,584‌
9,511‌
Kone
Oyj
2,989‌
215‌
Kubota
Corp
17,200‌
263‌
Nabtesco
Corp
544,058‌
14,743‌
Omron
Corp
528,179‌
13,476‌
SMC
Corp
48,400‌
18,817‌
Spirax
Group
PLC
702‌
70‌
$
85,257‌
Media
-
0
.00
%
Pearson
PLC
5,074‌
67‌
Schedule
of
Investments
Overseas
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
147
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Metal
Fabrication
&
Hardware
-
0
.94
%
MISUMI
Group
Inc
1,010,669‌
$
16,707‌
SKF
AB
6,043‌
158‌
Tenaris
SA
6,647‌
147‌
$
17,012‌
Mining
-
2
.49
%
Anglo
American
PLC
12,797‌
593‌
Barrick
Mining
Corp
275,596‌
12,597‌
BHP
Group
Ltd
89,344‌
3,077‌
Boliden
AB
225,406‌
15,785‌
Glencore
PLC
(e)
176,817‌
1,205‌
Norsk
Hydro
ASA
9,256‌
82‌
Northern
Star
Resources
Ltd
475,850‌
8,748‌
Rio
Tinto
Ltd
6,531‌
680‌
Rio
Tinto
PLC
19,856‌
1,812‌
South32
Ltd
79,777‌
253‌
Sumitomo
Metal
Mining
Co
Ltd
4,300‌
243‌
$
45,075‌
Miscellaneous
Manufacturers
-
2
.50
%
Alstom
SA
(e)
1,007,836‌
32,179‌
Chemring
Group
PLC
918,373‌
6,278‌
Siemens
AG
8,689‌
2,627‌
Smiths
Group
PLC
120,228‌
4,129‌
Trelleborg
AB
2,318‌
94‌
$
45,307‌
Office
&
Business
Equipment
-
0
.02
%
Canon
Inc
15,100‌
460‌
Oil
&
Gas
-
3
.55
%
Aker
BP
ASA
460,632‌
13,560‌
Bollore
SE
13,523‌
77‌
BP
PLC
2,767,107‌
17,545‌
DCC
PLC
1,502‌
95‌
ENEOS
Holdings
Inc
47,410‌
401‌
Eni
SpA
35,980‌
735‌
Equinor
ASA
419,379‌
11,272‌
Galp
Energia
SGPS
SA
2,788‌
55‌
Idemitsu
Kosan
Co
Ltd
13,600‌
115‌
Inpex
Corp
15,600‌
350‌
OMV
AG
2,610‌
155‌
Repsol
SA
19,848‌
391‌
Santos
Ltd
57,531‌
281‌
Shell
PLC
101,954‌
3,919‌
Suncor
Energy
Inc
230,432‌
12,180‌
TotalEnergies
SE
34,934‌
2,541‌
Woodside
Energy
Group
Ltd
33,635‌
594‌
$
64,266‌
Oil
&
Gas
Services
-
0
.64
%
Saipem
SpA
3,159,883‌
11,670‌
Packaging
&
Containers
-
2
.23
%
Amcor
PLC
335,915‌
14,864‌
Smurfit
WestRock
PLC
307,283‌
12,792‌
Stora
Enso
Oyj
1,110,725‌
12,787‌
$
40,443‌
Pharmaceuticals
-
5
.25
%
Astellas
Pharma
Inc
31,700‌
441‌
AstraZeneca
PLC
157,287‌
29,305‌
Bayer
AG
17,283‌
914‌
Eisai
Co
Ltd
4,700‌
131‌
GSK
PLC
71,503‌
1,849‌
Hikma
Pharmaceuticals
PLC
3,200‌
67‌
Ipsen
SA
669‌
109‌
Merck
KGaA
2,291‌
341‌
Novo
Nordisk
A/S
280,352‌
16,647‌
Roche
Holding
AG
60,673‌
27,591‌
Roche
Holding
AG
280‌
129‌
Sanofi
SA
167,856‌
15,833‌
Shionogi
&
Co
Ltd
13,300‌
274‌
Takeda
Pharmaceutical
Co
Ltd
27,900‌
950‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Teva
Pharmaceutical
Industries
Ltd
ADR
(e)
13,208‌
$
450‌
$
95,031‌
Pipelines
-
0
.01
%
APA
Group
23,103‌
142‌
Private
Equity
-
0
.03
%
3i
Group
PLC
11,356‌
522‌
CapitaLand
Investment
Ltd/Singapore
41,100‌
99‌
$
621‌
Real
Estate
-
0
.17
%
Azrieli
Group
Ltd
753‌
101‌
CK
Asset
Holdings
Ltd
33,000‌
193‌
Daito
Trust
Construction
Co
Ltd
5,200‌
106‌
Fastighets
AB
Balder
(e)
12,712‌
96‌
Henderson
Land
Development
Co
Ltd
24,438‌
97‌
Hongkong
Land
Holdings
Ltd
19,201‌
163‌
Hulic
Co
Ltd
8,100‌
96‌
LEG
Immobilien
SE
1,340‌
97‌
Mitsubishi
Estate
Co
Ltd
12,200‌
311‌
Sagax
AB
2,098‌
46‌
Sekisui
House
Ltd
10,500‌
234‌
Sino
Land
Co
Ltd
62,000‌
93‌
Sumitomo
Realty
&
Development
Co
Ltd
10,600‌
295‌
Sun
Hung
Kai
Properties
Ltd
25,383‌
408‌
Swiss
Prime
Site
AG
1,421‌
242‌
Vonovia
SE
13,310‌
390‌
Wharf
Real
Estate
Investment
Co
Ltd
29,000‌
101‌
$
3,069‌
REITs
-
1
.30
%
CapitaLand
Ascendas
REIT
68,800‌
154‌
CapitaLand
Integrated
Commercial
Trust
106,000‌
199‌
Covivio
SA/France
1,074‌
69‌
Gecina
SA
809‌
74‌
Klepierre
SA
3,812‌
147‌
Land
Securities
Group
PLC
12,529‌
112‌
Link
REIT
45,680‌
210‌
LondonMetric
Property
PLC
4,448,671‌
12,212‌
Nippon
Building
Fund
Inc
137‌
127‌
Scentre
Group
92,268‌
262‌
Segro
PLC
907,488‌
9,454‌
Stockland
42,509‌
159‌
Unibail-Rodamco-Westfield
(e)
2,158‌
239‌
Vicinity
Ltd
68,694‌
117‌
$
23,535‌
Retail
-
0
.64
%
Associated
British
Foods
PLC
5,723‌
150‌
CK
Hutchison
Holdings
Ltd
1,358,500‌
10,954‌
H
&
M
Hennes
&
Mauritz
AB
4,339‌
87‌
JD
Sports
Fashion
PLC
48,793‌
55‌
Kingfisher
PLC
31,091‌
143‌
Nitori
Holdings
Co
Ltd
6,800‌
116‌
Tsuruha
Holdings
Inc
4,200‌
67‌
$
11,572‌
Semiconductors
-
5
.87
%
ASMPT
Ltd
662,854‌
8,840‌
Infineon
Technologies
AG
665,739‌
32,543‌
Kioxia
Holdings
Corp
(e)
1,200‌
164‌
Renesas
Electronics
Corp
1,928,500‌
32,062‌
Samsung
Electronics
Co
Ltd
164,224‌
18,143‌
SK
hynix
Inc
23,214‌
14,494‌
$
106,246‌
Shipbuilding
-
0
.00
%
Yangzijiang
Shipbuilding
Holdings
Ltd
24,500‌
64‌
Software
-
1
.04
%
SAP
SE
94,127‌
18,804‌
Telecommunications
-
2
.46
%
BT
Group
PLC
105,928‌
278‌
Deutsche
Telekom
AG
570,787‌
19,155‌
Elisa
Oyj
2,520‌
112‌
Schedule
of
Investments
Overseas
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
148
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
HKT
Trust
&
HKT
Ltd
66,000‌
$
99‌
KDDI
Corp
543,300‌
9,173‌
Koninklijke
KPN
NV
68,892‌
337‌
Nokia
OYJ
1,619,094‌
10,428‌
NTT
Inc
524,500‌
527‌
Orange
SA
32,755‌
609‌
Singapore
Telecommunications
Ltd
130,100‌
470‌
SoftBank
Corp
504,100‌
685‌
SoftBank
Group
Corp
23,600‌
645‌
Swisscom
AG
(e)
459‌
377‌
Tele2
AB
6,259‌
115‌
Telecom
Italia
SpA/Milano
(e)
203,639‌
138‌
Telefonaktiebolaget
LM
Ericsson
49,571‌
537‌
Telefonica
SA
65,285‌
264‌
Telenor
ASA
10,905‌
184‌
Vodafone
Group
PLC
336,847‌
496‌
$
44,629‌
Toys,
Games
&
Hobbies
-
0
.01
%
Bandai
Namco
Holdings
Inc
4,900‌
127‌
Transportation
-
1
.57
%
AP
Moller
-
Maersk
A/S
-
A
50‌
123‌
AP
Moller
-
Maersk
A/S
-
B
68‌
168‌
Canadian
Pacific
Kansas
City
Ltd
195,735‌
14,550‌
Central
Japan
Railway
Co
4,600‌
128‌
Deutsche
Post
AG
213,306‌
11,930‌
Getlink
SE
2,907‌
58‌
Hankyu
Hanshin
Holdings
Inc
2,300‌
64‌
Kawasaki
Kisen
Kaisha
Ltd
(d)
6,100‌
88‌
Kuehne
+
Nagel
International
AG
855‌
198‌
Mitsui
OSK
Lines
Ltd
(d)
6,100‌
191‌
MTR
Corp
Ltd
26,000‌
115‌
Nippon
Yusen
KK
7,200‌
237‌
Poste
Italiane
SpA
(f)
8,098‌
213‌
SG
Holdings
Co
Ltd
5,500‌
53‌
SITC
International
Holdings
Co
Ltd
23,000‌
86‌
West
Japan
Railway
Co
7,100‌
145‌
$
28,347‌
Water
-
0
.03
%
Severn
Trent
PLC
4,796‌
193‌
Veolia
Environnement
SA
11,155‌
418‌
$
611‌
TOTAL
COMMON
STOCKS
$
1,766,941‌
PREFERRED
STOCKS
-
0
.64
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.62
%
Bayerische
Motoren
Werke
AG
4.32%
992‌
$
102‌
Dr
Ing
hc
F
Porsche
AG
1.49%
(f)
217,620‌
10,590‌
Porsche
Automobil
Holding
SE
1.91%
2,713‌
116‌
Volkswagen
AG
6.36%
3,653‌
443‌
$
11,251‌
Consumer
Products
-
0
.02
%
Henkel
AG
&
Co
KGaA
2.04%
2,842‌
250‌
TOTAL
PREFERRED
STOCKS
$
11,501‌
Total
Investments
$
1,800,155‌
Other
Assets
and
Liabilities
-  0.56%
10,189‌
TOTAL
NET
ASSETS
-
100.00%
$
1,810,344‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$147
or
0.01%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$139
or
0.01%
of
net
assets.
(e)
Non-income
producing
security
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$35,934
or
1.98%
of
net
assets.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
177,143‌
$
228,432‌
$
390,677‌
$
14,898‌
$
177,143‌
$
228,432‌
$
390,677‌
$
14,898‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
267‌
$
—‌
$
—‌
$
—‌
$
267‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Overseas
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
149
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
eMini
MSCI
EAFE;
March
2026
Long
29‌
$
4,403‌
$
66‌
Total
$
66‌
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Principal
Capital
Appreciation
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
150
INVESTMENT
COMPANIES
-
1
.08
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.08
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
52,063,474‌
$
52,063‌
TOTAL
INVESTMENT
COMPANIES
$
52,063‌
COMMON
STOCKS
-
98
.93
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
1
.97
%
Boeing
Co/The
(c)
237,925‌
$
55,608‌
RTX
Corp
197,005‌
39,584‌
$
95,192‌
Apparel
-
0
.29
%
Birkenstock
Holding
Plc
(c)
374,416‌
14,138‌
Automobile
Manufacturers
-
3
.64
%
Cummins
Inc
71,465‌
41,365‌
PACCAR
Inc
419,653‌
51,580‌
Tesla
Inc
(c)
192,234‌
82,739‌
$
175,684‌
Banks
-
5
.63
%
Bank
of
America
Corp
654,655‌
34,828‌
East
West
Bancorp
Inc
249,970‌
28,606‌
JPMorgan
Chase
&
Co
455,818‌
139,430‌
Morgan
Stanley
262,378‌
47,963‌
Wintrust
Financial
Corp
143,108‌
21,107‌
$
271,934‌
Biotechnology
-
2
.28
%
Gilead
Sciences
Inc
259,575‌
36,847‌
Insmed
Inc
(c)
104,235‌
16,351‌
Structure
Therapeutics
Inc
ADR
(c)
218,244‌
19,304‌
Vertex
Pharmaceuticals
Inc
(c)
80,000‌
37,592‌
$
110,094‌
Building
Materials
-
1
.79
%
CRH
PLC
393,614‌
48,182‌
Modine
Manufacturing
Co
(c)
67,352‌
12,437‌
Trane
Technologies
PLC
61,408‌
25,827‌
$
86,446‌
Chemicals
-
0
.74
%
Linde
PLC
77,951‌
35,621‌
Computers
-
7
.30
%
Apple
Inc
1,080,567‌
280,386‌
Lumentum
Holdings
Inc
(c)
42,711‌
16,736‌
Western
Digital
Corp
221,162‌
55,341‌
$
352,463‌
Cosmetics
&
Personal
Care
-
0
.45
%
Procter
&
Gamble
Co/The
142,131‌
21,571‌
Diversified
Financial
Services
-
5
.25
%
American
Express
Co
152,161‌
53,587‌
Ameriprise
Financial
Inc
80,243‌
42,303‌
Nasdaq
Inc
591,206‌
57,282‌
Visa
Inc
312,421‌
100,546‌
$
253,718‌
Electric
-
0
.93
%
Constellation
Energy
Corp
64,734‌
18,170‌
NRG
Energy
Inc
176,343‌
26,915‌
$
45,085‌
Electrical
Components
&
Equipment
-
0
.68
%
Eaton
Corp
PLC
93,830‌
32,974‌
Electronics
-
0
.58
%
Amphenol
Corp
193,140‌
27,828‌
Environmental
Control
-
0
.82
%
Republic
Services
Inc
183,963‌
39,569‌
Food
-
0
.25
%
Sprouts
Farmers
Market
Inc
(c)
172,275‌
12,216‌
Gas
-
0
.85
%
Atmos
Energy
Corp
246,351‌
40,978‌
Healthcare
-
Products
-
2
.49
%
Medtronic
PLC
116,657‌
12,011‌
Stryker
Corp
93,365‌
34,504‌
Thermo
Fisher
Scientific
Inc
127,913‌
74,012‌
$
120,527‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
-
0
.77
%
HCA
Healthcare
Inc
76,034‌
$
37,125‌
Home
Builders
-
0
.50
%
DR
Horton
Inc
162,682‌
24,214‌
Insurance
-
2
.05
%
Berkshire
Hathaway
Inc
-
Class
B
(c)
97,153‌
46,685‌
Chubb
Ltd
120,133‌
37,188‌
Progressive
Corp/The
73,918‌
15,375‌
$
99,248‌
Internet
-
15
.13
%
Alphabet
Inc
-
A
Shares
833,125‌
281,596‌
Amazon.com
Inc
(c)
820,104‌
196,251‌
AppLovin
Corp
(c)
24,758‌
11,713‌
Meta
Platforms
Inc
155,179‌
111,186‌
Netflix
Inc
(c)
106,267‌
8,872‌
Palo
Alto
Networks
Inc
(c)
300,011‌
53,093‌
Reddit
Inc
(c)
79,731‌
14,373‌
Shopify
Inc
(c)
155,602‌
20,420‌
Spotify
Technology
SA
(c)
22,284‌
11,150‌
Uber
Technologies
Inc
(c)
274,172‌
21,947‌
$
730,601‌
Investment
Companies
-
0
.19
%
Riot
Platforms
Inc
(c)
581,633‌
8,998‌
Lodging
-
0
.49
%
Hilton
Worldwide
Holdings
Inc
78,875‌
23,545‌
Machinery
-
Construction
&
Mining
-
1
.14
%
BWX
Technologies
Inc
94,375‌
19,388‌
GE
Vernova
Inc
48,824‌
35,464‌
$
54,852‌
Machinery
-
Diversified
-
0
.55
%
Deere
&
Co
50,326‌
26,572‌
Media
-
0
.64
%
Nexstar
Media
Group
Inc
145,860‌
30,978‌
Mining
-
1
.32
%
Cameco
Corp
178,719‌
22,052‌
Freeport-McMoRan
Inc
497,818‌
29,984‌
MP
Materials
Corp
(c)
198,181‌
11,647‌
$
63,683‌
Miscellaneous
Manufacturers
-
1
.27
%
Parker-Hannifin
Corp
65,822‌
61,599‌
Oil
&
Gas
-
3
.18
%
Expand
Energy
Corp
388,925‌
43,719‌
Exxon
Mobil
Corp
417,456‌
59,028‌
Marathon
Petroleum
Corp
288,445‌
50,821‌
$
153,568‌
Pharmaceuticals
-
5
.23
%
AbbVie
Inc
249,841‌
55,717‌
Eli
Lilly
&
Co
72,845‌
75,551‌
McKesson
Corp
82,749‌
68,782‌
Novartis
AG
ADR
353,550‌
52,566‌
$
252,616‌
Pipelines
-
0
.22
%
Kinder
Morgan
Inc
350,286‌
10,680‌
Private
Equity
-
0
.38
%
KKR
&
Co
Inc
159,179‌
18,188‌
REITs
-
1
.09
%
Regency
Centers
Corp
586,932‌
42,770‌
Ventas
Inc
125,363‌
9,737‌
$
52,507‌
Retail
-
5
.99
%
Casey's
General
Stores
Inc
130,718‌
79,281‌
Costco
Wholesale
Corp
60,694‌
57,068‌
Dick's
Sporting
Goods
Inc
168,012‌
33,938‌
O'Reilly
Automotive
Inc
(c)
350,811‌
34,523‌
TJX
Cos
Inc/The
563,006‌
84,344‌
$
289,154‌
Schedule
of
Investments
Principal
Capital
Appreciation
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
151
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
-
14
.57
%
Amkor
Technology
Inc
363,594‌
$
17,573‌
Broadcom
Inc
416,599‌
138,019‌
KLA
Corp
40,600‌
57,974‌
Lam
Research
Corp
297,970‌
69,564‌
Micron
Technology
Inc
34,413‌
14,277‌
NVIDIA
Corp
1,831,016‌
349,962‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
171,296‌
56,624‌
$
703,993‌
Software
-
6
.49
%
Cloudflare
Inc
(c)
100,466‌
17,818‌
Datadog
Inc
(c)
113,684‌
14,702‌
Fair
Isaac
Corp
(c)
15,233‌
22,288‌
Microsoft
Corp
539,639‌
232,201‌
ServiceNow
Inc
(c)
56,245‌
6,581‌
Twilio
Inc
(c)
165,946‌
19,990‌
$
313,580‌
Telecommunications
-
1
.79
%
Arista
Networks
Inc
(c)
147,196‌
20,864‌
Motorola
Solutions
Inc
78,738‌
31,695‌
T-Mobile
US
Inc
172,063‌
33,932‌
$
86,491‌
TOTAL
COMMON
STOCKS
$
4,778,230‌
Total
Investments
$
4,830,293‌
Other
Assets
and
Liabilities
-  (0.01)%
(
353‌
)
TOTAL
NET
ASSETS
-
100.00%
$
4,829,940‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
93,888‌
$
590,795‌
$
632,620‌
$
52,063‌
$
93,888‌
$
590,795‌
$
632,620‌
$
52,063‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
667‌
$
—‌
$
—‌
$
—‌
$
667‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Principal
LifeTime
2015
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
152
INVESTMENT
COMPANIES
-
99
.99
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
63
.00
%
Blue
Chip
Fund
(a),(b)
105,423‌
$
4,349‌
Core
Fixed
Income
Fund
(a)
7,782,948‌
67,945‌
Diversified
Real
Asset
Fund
(a)
62,030‌
803‌
Global
Emerging
Markets
Fund
(a)
120,066‌
4,464‌
High
Yield
Fund
(a)
1,890,798‌
12,687‌
International
Equity
Fund
(a)
1,111,072‌
19,077‌
International
Small
Company
Fund
(a)
73,818‌
971‌
LargeCap
Growth
Fund
I
(a)
294,142‌
4,595‌
MidCap
Fund
(a),(b)
35,860‌
1,529‌
Real
Estate
Securities
Fund
(a)
110,630‌
3,133‌
SmallCap
Fund
(a)
96,077‌
3,146‌
SmallCap
S&P
600
Index
Fund
(a)
13,773‌
357‌
Small-MidCap
Dividend
Income
Fund
(a)
89,589‌
1,910‌
$
124,966‌
Principal
Funds,
Inc.
Institutional
Class
-
36
.99
%
Equity
Income
Fund
(a)
121,215‌
5,137‌
Inflation
Protection
Fund
(a)
1,437,390‌
11,082‌
LargeCap
S&P
500
Index
Fund
(a)
597,053‌
19,601‌
LargeCap
Value
Fund
III
(a)
265,780‌
4,723‌
Short-Term
Income
Fund
(a)
2,697,842‌
32,833‌
$
73,376‌
TOTAL
INVESTMENT
COMPANIES
$
198,342‌
Total
Investments
$
198,342‌
Other
Assets
and
Liabilities
-  0.01%
11‌
TOTAL
NET
ASSETS
-
100.00%
$
198,353‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Schedule
of
Investments
Principal
LifeTime
2015
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
153
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
7,084‌
$
868‌
$
2,547‌
$
4,349‌
Core
Fixed
Income
Fund
70,831‌
2,101‌
4,908‌
67,945‌
Diversified
Real
Asset
Fund
780‌
28‌
60‌
803‌
Equity
Income
Fund
7,337‌
538‌
2,724‌
5,137‌
Global
Emerging
Markets
Fund
3,828‌
640‌
245‌
4,464‌
High
Yield
Fund
13,129‌
492‌
914‌
12,687‌
Inflation
Protection
Fund
11,663‌
744‌
838‌
11,082‌
International
Equity
Fund
18,160‌
1,184‌
1,222‌
19,077‌
International
Small
Company
Fund
905‌
107‌
87‌
971‌
LargeCap
Growth
Fund
I
7,595‌
725‌
2,716‌
4,595‌
LargeCap
S&P
500
Index
Fund
12,030‌
9,200‌
1,503‌
19,601‌
LargeCap
Value
Fund
III
6,591‌
964‌
2,199‌
4,723‌
MidCap
Fund
1,580‌
165‌
123‌
1,529‌
Real
Estate
Securities
Fund
3,258‌
88‌
241‌
3,133‌
Short-Term
Income
Fund
34,130‌
1,024‌
2,376‌
32,833‌
SmallCap
Fund
3,065‌
225‌
222‌
3,146‌
SmallCap
S&P
600
Index
Fund
338‌
41‌
15‌
357‌
Small-MidCap
Dividend
Income
Fund
1,759‌
132‌
136‌
1,910‌
$
204,063‌
$
19,266‌
$
23,076‌
$
198,342‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
1,543‌
$
765‌
$
(
2,599‌
)
Core
Fixed
Income
Fund
646‌
(
419‌
)
—‌
340‌
Diversified
Real
Asset
Fund
11‌
(
4‌
)
—‌
59‌
Equity
Income
Fund
31‌
1,359‌
391‌
(
1,373‌
)
Global
Emerging
Markets
Fund
65‌
2‌
32‌
239‌
High
Yield
Fund
221‌
(
5‌
)
—‌
(
15‌
)
Inflation
Protection
Fund
502‌
1‌
—‌
(
488‌
)
International
Equity
Fund
691‌
96‌
—‌
859‌
International
Small
Company
Fund
25‌
(
2‌
)
—‌
48‌
LargeCap
Growth
Fund
I
89‌
1,769‌
528‌
(
2,778‌
)
LargeCap
S&P
500
Index
Fund
194‌
1‌
384‌
(
127‌
)
LargeCap
Value
Fund
III
135‌
698‌
722‌
(
1,331‌
)
MidCap
Fund
—‌
37‌
84‌
(
130‌
)
Real
Estate
Securities
Fund
20‌
(
16‌
)
—‌
44‌
Short-Term
Income
Fund
321‌
(
3‌
)
—‌
58‌
SmallCap
Fund
9‌
3‌
143‌
75‌
SmallCap
S&P
600
Index
Fund
11‌
—‌
23‌
(
7‌
)
Small-MidCap
Dividend
Income
Fund
11‌
2‌
25‌
153‌
$
2,982‌
$
5,062‌
$
3,097‌
$
(
6,973‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2020
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
154
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
63
.95
%
Blue
Chip
Fund
(a),(b)
1,197,153‌
$
49,382‌
Core
Fixed
Income
Fund
(a)
71,692,996‌
625,880‌
Diversified
Real
Asset
Fund
(a)
577,280‌
7,476‌
Global
Emerging
Markets
Fund
(a)
1,360,968‌
50,601‌
High
Yield
Fund
(a)
16,782,412‌
112,610‌
International
Equity
Fund
(a)
12,586,105‌
216,103‌
International
Small
Company
Fund
(a)
836,604‌
11,001‌
LargeCap
Growth
Fund
I
(a)
3,338,603‌
52,149‌
MidCap
Fund
(a),(b)
406,301‌
17,321‌
Real
Estate
Securities
Fund
(a)
1,064,439‌
30,145‌
SmallCap
Fund
(a)
1,089,490‌
35,670‌
SmallCap
S&P
600
Index
Fund
(a)
154,428‌
4,006‌
Small-MidCap
Dividend
Income
Fund
(a)
1,014,928‌
21,638‌
$
1,233,982‌
Principal
Funds,
Inc.
Institutional
Class
-
36
.06
%
Equity
Income
Fund
(a)
1,375,503‌
58,294‌
Inflation
Protection
Fund
(a)
12,784,324‌
98,567‌
LargeCap
S&P
500
Index
Fund
(a)
6,747,386‌
221,517‌
LargeCap
Value
Fund
III
(a)
3,017,998‌
53,630‌
Short-Term
Income
Fund
(a)
21,678,385‌
263,826‌
$
695,834‌
TOTAL
INVESTMENT
COMPANIES
$
1,929,816‌
Total
Investments
$
1,929,816‌
Other
Assets
and
Liabilities
-  (0.01)%
(
222‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,929,594‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Schedule
of
Investments
Principal
LifeTime
2020
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
155
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
81,802‌
$
9,026‌
$
29,213‌
$
49,382‌
Core
Fixed
Income
Fund
664,038‌
7,413‌
44,807‌
625,880‌
Diversified
Real
Asset
Fund
7,379‌
120‌
542‌
7,476‌
Equity
Income
Fund
85,263‌
5,049‌
31,841‌
58,294‌
Global
Emerging
Markets
Fund
44,139‌
6,571‌
2,893‌
50,601‌
High
Yield
Fund
118,579‌
2,237‌
8,029‌
112,610‌
Inflation
Protection
Fund
105,451‌
4,805‌
7,235‌
98,567‌
International
Equity
Fund
209,395‌
9,909‌
14,239‌
216,103‌
International
Small
Company
Fund
10,504‌
823‌
871‌
11,001‌
LargeCap
Growth
Fund
I
87,682‌
7,318‌
31,167‌
52,149‌
LargeCap
S&P
500
Index
Fund
138,106‌
103,258‌
18,402‌
221,517‌
LargeCap
Value
Fund
III
76,127‌
10,105‌
25,237‌
53,630‌
MidCap
Fund
18,250‌
1,467‌
1,331‌
17,321‌
Real
Estate
Securities
Fund
31,851‌
267‌
2,239‌
30,145‌
Short-Term
Income
Fund
279,084‌
3,196‌
18,898‌
263,826‌
SmallCap
Fund
35,332‌
1,991‌
2,547‌
35,670‌
SmallCap
S&P
600
Index
Fund
3,873‌
417‌
204‌
4,006‌
Small-MidCap
Dividend
Income
Fund
20,343‌
999‌
1,504‌
21,638‌
$
2,017,198‌
$
174,971‌
$
241,199‌
$
1,929,816‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
17,609‌
$
8,898‌
$
(
29,842‌
)
Core
Fixed
Income
Fund
6,074‌
(
3,289‌
)
—‌
2,525‌
Diversified
Real
Asset
Fund
104‌
(
42‌
)
—‌
561‌
Equity
Income
Fund
362‌
15,816‌
4,550‌
(
15,993‌
)
Global
Emerging
Markets
Fund
754‌
41‌
367‌
2,743‌
High
Yield
Fund
1,998‌
(
31‌
)
—‌
(
146‌
)
Inflation
Protection
Fund
4,584‌
(
19‌
)
—‌
(
4,435‌
)
International
Equity
Fund
8,009‌
998‌
—‌
10,040‌
International
Small
Company
Fund
300‌
68‌
—‌
477‌
LargeCap
Growth
Fund
I
1,037‌
17,077‌
6,148‌
(
28,761‌
)
LargeCap
S&P
500
Index
Fund
2,245‌
3‌
4,452‌
(
1,448‌
)
LargeCap
Value
Fund
III
1,570‌
7,946‌
8,403‌
(
15,311‌
)
MidCap
Fund
—‌
20‌
977‌
(
1,085‌
)
Real
Estate
Securities
Fund
199‌
(
163‌
)
—‌
429‌
Short-Term
Income
Fund
2,630‌
(
22‌
)
—‌
466‌
SmallCap
Fund
106‌
32‌
1,653‌
862‌
SmallCap
S&P
600
Index
Fund
125‌
(
1‌
)
268‌
(
79‌
)
Small-MidCap
Dividend
Income
Fund
131‌
47‌
290‌
1,753‌
$
30,228‌
$
56,090‌
$
36,006‌
$
(
77,244‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2025
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
156
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
65
.84
%
Blue
Chip
Fund
(a),(b)
967,716‌
$
39,918‌
Core
Fixed
Income
Fund
(a)
47,570,507‌
415,290‌
Diversified
Real
Asset
Fund
(a)
414,495‌
5,368‌
Global
Emerging
Markets
Fund
(a)
1,096,625‌
40,772‌
High
Yield
Fund
(a)
10,191,105‌
68,382‌
International
Equity
Fund
(a)
10,141,465‌
174,129‌
International
Small
Company
Fund
(a)
674,193‌
8,866‌
LargeCap
Growth
Fund
I
(a)
2,697,229‌
42,131‌
MidCap
Fund
(a),(b)
327,539‌
13,963‌
Real
Estate
Securities
Fund
(a)
723,301‌
20,484‌
SmallCap
Fund
(a)
879,029‌
28,779‌
SmallCap
S&P
600
Index
Fund
(a)
123,005‌
3,191‌
Small-MidCap
Dividend
Income
Fund
(a)
817,442‌
17,428‌
$
878,701‌
Principal
Funds,
Inc.
Institutional
Class
-
34
.17
%
Equity
Income
Fund
(a)
1,110,928‌
47,081‌
Inflation
Protection
Fund
(a)
7,765,760‌
59,874‌
LargeCap
S&P
500
Index
Fund
(a)
5,422,294‌
178,014‌
LargeCap
Value
Fund
III
(a)
2,438,562‌
43,333‌
Short-Term
Income
Fund
(a)
10,489,350‌
127,656‌
$
455,958‌
TOTAL
INVESTMENT
COMPANIES
$
1,334,659‌
Total
Investments
$
1,334,659‌
Other
Assets
and
Liabilities
-  (0.01)%
(
71‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,334,588‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Schedule
of
Investments
Principal
LifeTime
2025
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
157
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
65,444‌
$
7,485‌
$
23,121‌
$
39,918‌
Core
Fixed
Income
Fund
437,141‌
6,196‌
27,529‌
415,290‌
Diversified
Real
Asset
Fund
5,248‌
105‌
358‌
5,368‌
Equity
Income
Fund
68,178‌
4,267‌
25,191‌
47,081‌
Global
Emerging
Markets
Fund
35,266‌
5,448‌
2,178‌
40,772‌
High
Yield
Fund
71,439‌
1,566‌
4,517‌
68,382‌
Inflation
Protection
Fund
63,521‌
3,121‌
4,061‌
59,874‌
International
Equity
Fund
167,417‌
8,549‌
10,684‌
174,129‌
International
Small
Company
Fund
8,435‌
638‌
647‌
8,866‌
LargeCap
Growth
Fund
I
70,131‌
6,084‌
24,664‌
42,131‌
LargeCap
S&P
500
Index
Fund
110,357‌
82,892‌
14,044‌
178,014‌
LargeCap
Value
Fund
III
60,921‌
8,334‌
19,972‌
43,333‌
MidCap
Fund
14,620‌
1,198‌
991‌
13,963‌
Real
Estate
Securities
Fund
21,455‌
255‌
1,405‌
20,484‌
Short-Term
Income
Fund
133,970‌
1,939‌
8,467‌
127,656‌
SmallCap
Fund
28,296‌
1,661‌
1,891‌
28,779‌
SmallCap
S&P
600
Index
Fund
3,089‌
331‌
164‌
3,191‌
Small-MidCap
Dividend
Income
Fund
16,292‌
813‌
1,125‌
17,428‌
$
1,381,220‌
$
140,882‌
$
171,009‌
$
1,334,659‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
13,662‌
$
7,206‌
$
(
23,552‌
)
Core
Fixed
Income
Fund
4,020‌
(
1,688‌
)
—‌
1,170‌
Diversified
Real
Asset
Fund
75‌
(
24‌
)
—‌
397‌
Equity
Income
Fund
292‌
8,464‌
3,681‌
(
8,637‌
)
Global
Emerging
Markets
Fund
607‌
23‌
295‌
2,213‌
High
Yield
Fund
1,210‌
(
11‌
)
—‌
(
95‌
)
Inflation
Protection
Fund
2,787‌
(
6‌
)
—‌
(
2,701‌
)
International
Equity
Fund
6,448‌
576‌
—‌
8,271‌
International
Small
Company
Fund
244‌
6‌
—‌
434‌
LargeCap
Growth
Fund
I
837‌
12,893‌
4,961‌
(
22,313‌
)
LargeCap
S&P
500
Index
Fund
1,803‌
2‌
3,573‌
(
1,193‌
)
LargeCap
Value
Fund
III
1,268‌
6,003‌
6,782‌
(
11,953‌
)
MidCap
Fund
—‌
142‌
791‌
(
1,006‌
)
Real
Estate
Securities
Fund
135‌
(
96‌
)
—‌
275‌
Short-Term
Income
Fund
1,269‌
(
2‌
)
—‌
216‌
SmallCap
Fund
85‌
19‌
1,334‌
694‌
SmallCap
S&P
600
Index
Fund
99‌
(
1‌
)
214‌
(
64‌
)
Small-MidCap
Dividend
Income
Fund
106‌
15‌
235‌
1,433‌
$
21,285‌
$
39,977‌
$
29,072‌
$
(
56,411‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2030
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
158
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
67
.32
%
Blue
Chip
Fund
(a),(b)
4,359,599‌
$
179,833‌
Core
Fixed
Income
Fund
(a)
163,657,761‌
1,428,732‌
Diversified
Real
Asset
Fund
(a)
1,944,068‌
25,176‌
Global
Emerging
Markets
Fund
(a)
4,948,070‌
183,969‌
High
Yield
Fund
(a)
34,460,503‌
231,230‌
International
Equity
Fund
(a)
45,782,866‌
786,092‌
International
Small
Company
Fund
(a)
3,043,672‌
40,024‌
LargeCap
Growth
Fund
I
(a)
12,155,672‌
189,871‌
MidCap
Fund
(a),(b)
1,479,160‌
63,057‌
Real
Estate
Securities
Fund
(a)
2,831,239‌
80,181‌
SmallCap
Fund
(a)
3,969,848‌
129,973‌
SmallCap
S&P
600
Index
Fund
(a)
553,499‌
14,358‌
Small-MidCap
Dividend
Income
Fund
(a)
3,688,793‌
78,645‌
$
3,431,141‌
Principal
Funds,
Inc.
Institutional
Class
-
32
.69
%
Equity
Income
Fund
(a)
5,007,505‌
212,218‌
Inflation
Protection
Fund
(a)
24,683,208‌
190,308‌
LargeCap
S&P
500
Index
Fund
(a)
24,528,180‌
805,260‌
LargeCap
Value
Fund
III
(a)
10,988,006‌
195,257‌
Short-Term
Income
Fund
(a)
21,611,708‌
263,014‌
$
1,666,057‌
TOTAL
INVESTMENT
COMPANIES
$
5,097,198‌
Total
Investments
$
5,097,198‌
Other
Assets
and
Liabilities
-  (0.01)%
(
462‌
)
TOTAL
NET
ASSETS
-
100.00%
$
5,096,736‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Schedule
of
Investments
Principal
LifeTime
2030
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
159
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
293,049‌
$
32,800‌
$
101,794‌
$
179,833‌
Core
Fixed
Income
Fund
1,490,600‌
17,754‌
77,867‌
1,428,732‌
Diversified
Real
Asset
Fund
24,346‌
414‌
1,320‌
25,176‌
Equity
Income
Fund
305,335‌
18,417‌
110,805‌
212,218‌
Global
Emerging
Markets
Fund
157,660‌
24,306‌
8,031‌
183,969‌
High
Yield
Fund
239,435‌
4,711‌
12,557‌
231,230‌
Inflation
Protection
Fund
200,090‌
9,338‌
10,596‌
190,308‌
International
Equity
Fund
748,866‌
37,081‌
39,592‌
786,092‌
International
Small
Company
Fund
37,949‌
2,477‌
2,395‌
40,024‌
LargeCap
Growth
Fund
I
313,946‌
26,590‌
108,487‌
189,871‌
LargeCap
S&P
500
Index
Fund
492,991‌
372,508‌
54,966‌
805,260‌
LargeCap
Value
Fund
III
272,874‌
36,646‌
87,638‌
195,257‌
MidCap
Fund
65,566‌
5,059‌
3,682‌
63,057‌
Real
Estate
Securities
Fund
83,197‌
762‌
4,476‌
80,181‌
Short-Term
Income
Fund
273,573‌
3,337‌
14,335‌
263,014‌
SmallCap
Fund
126,717‌
7,116‌
7,057‌
129,973‌
SmallCap
S&P
600
Index
Fund
13,782‌
1,461‌
599‌
14,358‌
Small-MidCap
Dividend
Income
Fund
73,001‌
3,294‌
4,153‌
78,645‌
$
5,212,977‌
$
604,071‌
$
650,350‌
$
5,097,198‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
60,988‌
$
32,177‌
$
(
105,210‌
)
Core
Fixed
Income
Fund
13,740‌
(
2,110‌
)
—‌
355‌
Diversified
Real
Asset
Fund
347‌
52‌
—‌
1,684‌
Equity
Income
Fund
1,306‌
19,547‌
16,447‌
(
20,276‌
)
Global
Emerging
Markets
Fund
2,714‌
76‌
1,319‌
9,958‌
High
Yield
Fund
4,065‌
(
20‌
)
—‌
(
339‌
)
Inflation
Protection
Fund
8,781‌
(
5‌
)
—‌
(
8,519‌
)
International
Equity
Fund
28,866‌
2,287‌
—‌
37,450‌
International
Small
Company
Fund
1,098‌
110‌
—‌
1,883‌
LargeCap
Growth
Fund
I
3,745‌
57,117‌
22,195‌
(
99,295‌
)
LargeCap
S&P
500
Index
Fund
8,096‌
3‌
16,045‌
(
5,276‌
)
LargeCap
Value
Fund
III
5,672‌
26,946‌
30,338‌
(
53,571‌
)
MidCap
Fund
—‌
28‌
3,550‌
(
3,914‌
)
Real
Estate
Securities
Fund
524‌
(
790‌
)
—‌
1,488‌
Short-Term
Income
Fund
2,598‌
(
2‌
)
—‌
441‌
SmallCap
Fund
383‌
62‌
5,982‌
3,135‌
SmallCap
S&P
600
Index
Fund
444‌
(
5‌
)
956‌
(
281‌
)
Small-MidCap
Dividend
Income
Fund
476‌
35‌
1,053‌
6,468‌
$
82,855‌
$
164,319‌
$
130,062‌
$
(
233,819‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2035
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
160
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
72
.60
%
Blue
Chip
Fund
(a),(b)
1,987,798‌
$
81,997‌
Core
Fixed
Income
Fund
(a)
66,252,839‌
578,387‌
Global
Emerging
Markets
Fund
(a)
2,251,972‌
83,728‌
High
Yield
Fund
(a)
12,669,866‌
85,015‌
International
Equity
Fund
(a)
20,838,723‌
357,801‌
International
Small
Company
Fund
(a)
1,385,672‌
18,221‌
LargeCap
Growth
Fund
I
(a)
5,540,887‌
86,549‌
MidCap
Fund
(a),(b)
674,437‌
28,751‌
Real
Estate
Securities
Fund
(a)
1,407,068‌
39,848‌
SmallCap
Fund
(a)
1,809,172‌
59,232‌
SmallCap
S&P
600
Index
Fund
(a)
249,178‌
6,464‌
Small-MidCap
Dividend
Income
Fund
(a)
1,676,531‌
35,744‌
$
1,461,737‌
Principal
Funds,
Inc.
Institutional
Class
-
27
.40
%
Equity
Income
Fund
(a)
2,282,243‌
96,722‌
LargeCap
S&P
500
Index
Fund
(a)
11,148,445‌
366,003‌
LargeCap
Value
Fund
III
(a)
5,008,953‌
89,009‌
$
551,734‌
TOTAL
INVESTMENT
COMPANIES
$
2,013,471‌
Total
Investments
$
2,013,471‌
Other
Assets
and
Liabilities
-  0.00%
(
96‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,013,375‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
132,083‌
$
15,834‌
$
45,856‌
$
81,997‌
Core
Fixed
Income
Fund
596,983‌
12,187‌
30,075‌
578,387‌
Equity
Income
Fund
136,792‌
9,346‌
49,066‌
96,722‌
Global
Emerging
Markets
Fund
70,964‌
11,705‌
3,504‌
83,728‌
High
Yield
Fund
87,088‌
2,456‌
4,401‌
85,015‌
International
Equity
Fund
337,257‌
19,753‌
17,251‌
357,801‌
International
Small
Company
Fund
17,159‌
1,186‌
1,039‌
18,221‌
LargeCap
Growth
Fund
I
141,453‌
13,039‌
48,804‌
86,549‌
LargeCap
S&P
500
Index
Fund
222,626‌
170,136‌
24,376‌
366,003‌
LargeCap
Value
Fund
III
123,011‌
17,604‌
39,508‌
89,009‌
MidCap
Fund
29,618‌
2,494‌
1,591‌
28,751‌
Real
Estate
Securities
Fund
40,859‌
749‌
2,104‌
39,848‌
SmallCap
Fund
57,136‌
3,695‌
3,046‌
59,232‌
SmallCap
S&P
600
Index
Fund
6,188‌
673‌
268‌
6,464‌
Small-MidCap
Dividend
Income
Fund
32,894‌
1,686‌
1,793‌
35,744‌
$
2,032,111‌
$
282,543‌
$
272,682‌
$
2,013,471‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
12,508‌
$
14,615‌
$
(
32,572‌
)
Core
Fixed
Income
Fund
5,542‌
(
43‌
)
—‌
(
665‌
)
Equity
Income
Fund
594‌
6,032‌
7,467‌
(
6,382‌
)
Global
Emerging
Markets
Fund
1,231‌
35‌
597‌
4,528‌
High
Yield
Fund
1,489‌
(
4‌
)
—‌
(
124‌
)
International
Equity
Fund
13,110‌
650‌
—‌
17,392‌
International
Small
Company
Fund
505‌
(
1‌
)
—‌
916‌
LargeCap
Growth
Fund
I
1,702‌
8,237‌
10,087‌
(
27,376‌
)
LargeCap
S&P
500
Index
Fund
3,670‌
(
1‌
)
7,271‌
(
2,382‌
)
LargeCap
Value
Fund
III
2,579‌
8,110‌
13,789‌
(
20,208‌
)
MidCap
Fund
—‌
43‌
1,619‌
(
1,813‌
)
Real
Estate
Securities
Fund
261‌
44‌
—‌
300‌
SmallCap
Fund
174‌
20‌
2,721‌
1,427‌
SmallCap
S&P
600
Index
Fund
200‌
(
3‌
)
429‌
(
126‌
)
Small-MidCap
Dividend
Income
Fund
217‌
11‌
479‌
2,946‌
$
31,274‌
$
35,638‌
$
59,074‌
$
(
64,139‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2040
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
161
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
67
.88
%
Blue
Chip
Fund
(a),(b)
5,453,235‌
$
224,946‌
Core
Fixed
Income
Fund
(a)
100,192,497‌
874,681‌
Global
Emerging
Markets
Fund
(a)
6,169,720‌
229,390‌
High
Yield
Fund
(a)
22,349,377‌
149,964‌
International
Equity
Fund
(a)
57,094,653‌
980,315‌
International
Small
Company
Fund
(a)
3,796,536‌
49,925‌
LargeCap
Growth
Fund
I
(a)
15,198,364‌
237,398‌
MidCap
Fund
(a),(b)
1,845,407‌
78,670‌
Real
Estate
Securities
Fund
(a)
3,176,082‌
89,947‌
SmallCap
Fund
(a)
4,956,608‌
162,279‌
SmallCap
S&P
600
Index
Fund
(a)
683,064‌
17,719‌
Small-MidCap
Dividend
Income
Fund
(a)
4,598,545‌
98,041‌
$
3,193,275‌
Principal
Funds,
Inc.
Institutional
Class
-
32
.13
%
Equity
Income
Fund
(a)
6,259,518‌
265,278‌
LargeCap
S&P
500
Index
Fund
(a)
30,509,884‌
1,001,639‌
LargeCap
Value
Fund
III
(a)
13,742,291‌
244,201‌
$
1,511,118‌
TOTAL
INVESTMENT
COMPANIES
$
4,704,393‌
Total
Investments
$
4,704,393‌
Other
Assets
and
Liabilities
-  (0.01)%
(
373‌
)
TOTAL
NET
ASSETS
-
100.00%
$
4,704,020‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
363,957‌
$
41,733‌
$
125,375‌
$
224,946‌
Core
Fixed
Income
Fund
908,084‌
12,727‌
45,052‌
874,681‌
Equity
Income
Fund
377,218‌
23,724‌
134,633‌
265,278‌
Global
Emerging
Markets
Fund
195,662‌
30,991‌
9,710‌
229,390‌
High
Yield
Fund
154,516‌
3,369‌
7,690‌
149,964‌
International
Equity
Fund
929,677‌
48,757‌
47,580‌
980,315‌
International
Small
Company
Fund
47,233‌
2,767‌
2,589‌
49,925‌
LargeCap
Growth
Fund
I
389,820‌
33,801‌
133,631‌
237,398‌
LargeCap
S&P
500
Index
Fund
613,633‌
463,675‌
69,144‌
1,001,639‌
LargeCap
Value
Fund
III
338,933‌
46,374‌
107,900‌
244,201‌
MidCap
Fund
81,480‌
6,239‌
4,178‌
78,670‌
Real
Estate
Securities
Fund
92,749‌
1,057‌
4,635‌
89,947‌
SmallCap
Fund
157,433‌
9,021‌
8,173‌
162,279‌
SmallCap
S&P
600
Index
Fund
17,076‌
1,812‌
817‌
17,719‌
Small-MidCap
Dividend
Income
Fund
90,727‌
3,979‌
4,779‌
98,041‌
$
4,758,198‌
$
730,026‌
$
705,886‌
$
4,704,393‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
34,403‌
$
40,355‌
$
(
89,772‌
)
Core
Fixed
Income
Fund
8,401‌
(
166‌
)
—‌
(
912‌
)
Equity
Income
Fund
1,634‌
18,726‌
20,613‌
(
19,757‌
)
Global
Emerging
Markets
Fund
3,374‌
72‌
1,639‌
12,375‌
High
Yield
Fund
2,633‌
(
10‌
)
—‌
(
221‌
)
International
Equity
Fund
35,921‌
2,533‌
—‌
46,928‌
International
Small
Company
Fund
1,382‌
(
23‌
)
—‌
2,537‌
LargeCap
Growth
Fund
I
4,675‌
44,665‌
27,701‌
(
97,257‌
)
LargeCap
S&P
500
Index
Fund
10,054‌
20‌
19,923‌
(
6,545‌
)
LargeCap
Value
Fund
III
7,082‌
32,695‌
37,876‌
(
65,901‌
)
MidCap
Fund
—‌
89‌
4,458‌
(
4,960‌
)
Real
Estate
Securities
Fund
587‌
407‌
—‌
369‌
SmallCap
Fund
478‌
88‌
7,466‌
3,910‌
SmallCap
S&P
600
Index
Fund
548‌
(
13‌
)
1,179‌
(
339‌
)
Small-MidCap
Dividend
Income
Fund
596‌
33‌
1,322‌
8,081‌
$
77,365‌
$
133,519‌
$
162,532‌
$
(
211,464‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2045
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
162
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
64
.04
%
Blue
Chip
Fund
(a),(b)
2,276,775‌
$
93,917‌
Core
Fixed
Income
Fund
(a)
20,988,051‌
183,226‌
Global
Emerging
Markets
Fund
(a)
2,578,940‌
95,885‌
High
Yield
Fund
(a)
5,913,262‌
39,678‌
International
Equity
Fund
(a)
23,859,917‌
409,675‌
International
Small
Company
Fund
(a)
1,586,719‌
20,865‌
LargeCap
Growth
Fund
I
(a)
6,346,151‌
99,127‌
MidCap
Fund
(a),(b)
771,857‌
32,904‌
Real
Estate
Securities
Fund
(a)
1,177,190‌
33,338‌
SmallCap
Fund
(a)
2,071,499‌
67,821‌
SmallCap
S&P
600
Index
Fund
(a)
285,231‌
7,399‌
Small-MidCap
Dividend
Income
Fund
(a)
1,920,433‌
40,943‌
$
1,124,778‌
Principal
Funds,
Inc.
Institutional
Class
-
35
.96
%
Equity
Income
Fund
(a)
2,613,880‌
110,776‌
LargeCap
S&P
500
Index
Fund
(a)
12,759,323‌
418,889‌
LargeCap
Value
Fund
III
(a)
5,737,470‌
101,955‌
$
631,620‌
TOTAL
INVESTMENT
COMPANIES
$
1,756,398‌
Total
Investments
$
1,756,398‌
Other
Assets
and
Liabilities
-  0.00%
(
84‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,756,314‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
153,906‌
$
17,732‌
$
54,368‌
$
93,917‌
Core
Fixed
Income
Fund
192,444‌
2,883‌
11,869‌
183,226‌
Equity
Income
Fund
158,680‌
10,140‌
57,578‌
110,776‌
Global
Emerging
Markets
Fund
82,641‌
13,090‌
5,055‌
95,885‌
High
Yield
Fund
41,358‌
940‌
2,557‌
39,678‌
International
Equity
Fund
392,865‌
20,916‌
24,877‌
409,675‌
International
Small
Company
Fund
20,035‌
1,161‌
1,389‌
20,865‌
LargeCap
Growth
Fund
I
164,797‌
14,365‌
57,884‌
99,127‌
LargeCap
S&P
500
Index
Fund
259,925‌
195,632‌
33,862‌
418,889‌
LargeCap
Value
Fund
III
143,348‌
19,651‌
47,058‌
101,955‌
MidCap
Fund
34,514‌
2,654‌
2,208‌
32,904‌
Real
Estate
Securities
Fund
34,786‌
432‌
2,166‌
33,338‌
SmallCap
Fund
66,586‌
3,863‌
4,302‌
67,821‌
SmallCap
S&P
600
Index
Fund
7,204‌
763‌
419‌
7,399‌
Small-MidCap
Dividend
Income
Fund
38,365‌
1,695‌
2,523‌
40,943‌
$
1,791,454‌
$
305,917‌
$
308,115‌
$
1,756,398‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
14,216‌
$
17,022‌
$
(
37,569‌
)
Core
Fixed
Income
Fund
1,773‌
(
17‌
)
—‌
(
215‌
)
Equity
Income
Fund
689‌
4,700‌
8,697‌
(
5,166‌
)
Global
Emerging
Markets
Fund
1,422‌
43‌
690‌
5,166‌
High
Yield
Fund
702‌
(
4‌
)
—‌
(
59‌
)
International
Equity
Fund
15,143‌
1,451‌
—‌
19,320‌
International
Small
Company
Fund
584‌
2‌
—‌
1,056‌
LargeCap
Growth
Fund
I
1,968‌
3,890‌
11,665‌
(
26,041‌
)
LargeCap
S&P
500
Index
Fund
4,240‌
(
6‌
)
8,402‌
(
2,800‌
)
LargeCap
Value
Fund
III
2,982‌
3,903‌
15,946‌
(
17,889‌
)
MidCap
Fund
—‌
1‌
1,885‌
(
2,057‌
)
Real
Estate
Securities
Fund
220‌
6‌
—‌
280‌
SmallCap
Fund
202‌
44‌
3,147‌
1,630‌
SmallCap
S&P
600
Index
Fund
231‌
(
7‌
)
497‌
(
142‌
)
Small-MidCap
Dividend
Income
Fund
251‌
24‌
558‌
3,382‌
$
30,407‌
$
28,246‌
$
68,509‌
$
(
61,104‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2050
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
163
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
60
.87
%
Blue
Chip
Fund
(a),(b)
4,773,964‌
$
196,926‌
Core
Fixed
Income
Fund
(a)
15,518,890‌
135,480‌
Global
Emerging
Markets
Fund
(a)
5,399,175‌
200,741‌
High
Yield
Fund
(a)
5,791,476‌
38,861‌
International
Equity
Fund
(a)
49,962,607‌
857,858‌
International
Small
Company
Fund
(a)
3,322,534‌
43,691‌
LargeCap
Growth
Fund
I
(a)
13,304,903‌
207,823‌
MidCap
Fund
(a),(b)
1,615,217‌
68,857‌
Real
Estate
Securities
Fund
(a)
2,210,590‌
62,604‌
SmallCap
Fund
(a)
4,338,386‌
142,039‌
SmallCap
S&P
600
Index
Fund
(a)
596,528‌
15,474‌
Small-MidCap
Dividend
Income
Fund
(a)
4,023,428‌
85,779‌
$
2,056,133‌
Principal
Funds,
Inc.
Institutional
Class
-
39
.14
%
Equity
Income
Fund
(a)
5,479,330‌
232,214‌
LargeCap
S&P
500
Index
Fund
(a)
26,688,696‌
876,190‌
LargeCap
Value
Fund
III
(a)
12,030,223‌
213,777‌
$
1,322,181‌
TOTAL
INVESTMENT
COMPANIES
$
3,378,314‌
Total
Investments
$
3,378,314‌
Other
Assets
and
Liabilities
-  (0.01)%
(
276‌
)
TOTAL
NET
ASSETS
-
100.00%
$
3,378,038‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
320,715‌
$
37,156‌
$
112,116‌
$
196,926‌
Core
Fixed
Income
Fund
141,608‌
2,217‌
8,173‌
135,480‌
Equity
Income
Fund
330,497‌
21,282‌
118,576‌
232,214‌
Global
Emerging
Markets
Fund
172,303‌
27,437‌
9,913‌
200,741‌
High
Yield
Fund
40,313‌
944‌
2,337‌
38,861‌
International
Equity
Fund
818,999‌
43,929‌
48,535‌
857,858‌
International
Small
Company
Fund
41,703‌
2,391‌
2,617‌
43,691‌
LargeCap
Growth
Fund
I
343,436‌
30,093‌
119,424‌
207,823‌
LargeCap
S&P
500
Index
Fund
542,143‌
407,666‌
67,847‌
876,190‌
LargeCap
Value
Fund
III
298,684‌
41,154‌
96,835‌
213,777‌
MidCap
Fund
71,852‌
5,527‌
4,231‌
68,857‌
Real
Estate
Securities
Fund
64,979‌
832‌
3,744‌
62,604‌
SmallCap
Fund
138,725‌
8,118‌
8,306‌
142,039‌
SmallCap
S&P
600
Index
Fund
15,023‌
1,598‌
837‌
15,474‌
Small-MidCap
Dividend
Income
Fund
79,985‌
3,523‌
4,859‌
85,779‌
$
3,420,965‌
$
633,867‌
$
608,350‌
$
3,378,314‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
29,499‌
$
35,618‌
$
(
78,328‌
)
Core
Fixed
Income
Fund
1,308‌
(
12‌
)
—‌
(
160‌
)
Equity
Income
Fund
1,440‌
11,263‌
18,191‌
(
12,252‌
)
Global
Emerging
Markets
Fund
2,967‌
93‌
1,441‌
10,821‌
High
Yield
Fund
686‌
(
4‌
)
—‌
(
55‌
)
International
Equity
Fund
31,608‌
2,573‌
—‌
40,892‌
International
Small
Company
Fund
1,220‌
(
10‌
)
—‌
2,224‌
LargeCap
Growth
Fund
I
4,114‌
12,408‌
24,382‌
(
58,690‌
)
LargeCap
S&P
500
Index
Fund
8,844‌
(
12‌
)
17,522‌
(
5,760‌
)
LargeCap
Value
Fund
III
6,234‌
14,719‌
33,337‌
(
43,945‌
)
MidCap
Fund
—‌
(
10‌
)
3,938‌
(
4,281‌
)
Real
Estate
Securities
Fund
411‌
191‌
—‌
346‌
SmallCap
Fund
421‌
84‌
6,571‌
3,418‌
SmallCap
S&P
600
Index
Fund
481‌
(
14‌
)
1,036‌
(
296‌
)
Small-MidCap
Dividend
Income
Fund
526‌
48‌
1,167‌
7,082‌
$
60,260‌
$
70,816‌
$
143,203‌
$
(
138,984‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2055
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
164
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
59
.95
%
Blue
Chip
Fund
(a),(b)
1,758,154‌
$
72,524‌
Core
Fixed
Income
Fund
(a)
3,072,741‌
26,825‌
Global
Emerging
Markets
Fund
(a)
1,988,654‌
73,938‌
High
Yield
Fund
(a)
1,307,408‌
8,772‌
International
Equity
Fund
(a)
18,396,751‌
315,872‌
International
Small
Company
Fund
(a)
1,223,633‌
16,091‌
LargeCap
Growth
Fund
I
(a)
4,899,801‌
76,535‌
MidCap
Fund
(a),(b)
595,890‌
25,403‌
Real
Estate
Securities
Fund
(a)
805,784‌
22,820‌
SmallCap
Fund
(a)
1,598,626‌
52,339‌
SmallCap
S&P
600
Index
Fund
(a)
218,154‌
5,659‌
Small-MidCap
Dividend
Income
Fund
(a)
1,479,132‌
31,535‌
$
728,313‌
Principal
Funds,
Inc.
Institutional
Class
-
40
.06
%
Equity
Income
Fund
(a)
2,017,885‌
85,518‌
LargeCap
S&P
500
Index
Fund
(a)
9,823,627‌
322,510‌
LargeCap
Value
Fund
III
(a)
4,430,244‌
78,725‌
$
486,753‌
TOTAL
INVESTMENT
COMPANIES
$
1,215,066‌
Total
Investments
$
1,215,066‌
Other
Assets
and
Liabilities
-  (0.01)%
(
64‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,215,002‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
116,857‌
$
14,205‌
$
40,690‌
$
72,524‌
Core
Fixed
Income
Fund
27,704‌
663‌
1,509‌
26,825‌
Equity
Income
Fund
119,801‌
8,453‌
42,374‌
85,518‌
Global
Emerging
Markets
Fund
62,667‌
10,592‌
3,335‌
73,938‌
High
Yield
Fund
8,992‌
286‌
493‌
8,772‌
International
Equity
Fund
298,095‌
18,272‌
16,391‌
315,872‌
International
Small
Company
Fund
15,268‌
906‌
898‌
16,091‌
LargeCap
Growth
Fund
I
125,087‌
11,715‌
43,272‌
76,535‌
LargeCap
S&P
500
Index
Fund
197,699‌
150,289‌
23,312‌
322,510‌
LargeCap
Value
Fund
III
108,859‌
15,768‌
35,142‌
78,725‌
MidCap
Fund
26,258‌
2,162‌
1,438‌
25,403‌
Real
Estate
Securities
Fund
23,408‌
472‌
1,256‌
22,820‌
SmallCap
Fund
50,573‌
3,313‌
2,822‌
52,339‌
SmallCap
S&P
600
Index
Fund
5,450‌
600‌
276‌
5,659‌
Small-MidCap
Dividend
Income
Fund
29,135‌
1,430‌
1,649‌
31,535‌
$
1,215,853‌
$
239,126‌
$
214,857‌
$
1,215,066‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
10,339‌
$
13,006‌
$
(
28,187‌
)
Core
Fixed
Income
Fund
258‌
12‌
—‌
(
45‌
)
Equity
Income
Fund
529‌
2,965‌
6,642‌
(
3,327‌
)
Global
Emerging
Markets
Fund
1,091‌
31‌
529‌
3,983‌
High
Yield
Fund
154‌
(
2‌
)
—‌
(
11‌
)
International
Equity
Fund
11,627‌
435‌
—‌
15,461‌
International
Small
Company
Fund
453‌
(
1‌
)
—‌
816‌
LargeCap
Growth
Fund
I
1,512‌
2,855‌
8,960‌
(
19,850‌
)
LargeCap
S&P
500
Index
Fund
3,249‌
(
10‌
)
6,436‌
(
2,156‌
)
LargeCap
Value
Fund
III
2,291‌
2,287‌
12,251‌
(
13,047‌
)
MidCap
Fund
—‌
(
4‌
)
1,444‌
(
1,575‌
)
Real
Estate
Securities
Fund
150‌
1‌
—‌
195‌
SmallCap
Fund
155‌
18‌
2,418‌
1,257‌
SmallCap
S&P
600
Index
Fund
176‌
(
4‌
)
378‌
(
111‌
)
Small-MidCap
Dividend
Income
Fund
193‌
12‌
427‌
2,607‌
$
21,838‌
$
18,934‌
$
52,491‌
$
(
43,990‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2060
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
165
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
59
.97
%
Blue
Chip
Fund
(a),(b)
1,741,144‌
$
71,822‌
Core
Fixed
Income
Fund
(a)
3,047,410‌
26,604‌
Global
Emerging
Markets
Fund
(a)
1,963,905‌
73,018‌
High
Yield
Fund
(a)
1,296,772‌
8,701‌
International
Equity
Fund
(a)
18,179,426‌
312,141‌
International
Small
Company
Fund
(a)
1,209,425‌
15,904‌
LargeCap
Growth
Fund
I
(a)
4,850,953‌
75,772‌
MidCap
Fund
(a),(b)
589,231‌
25,119‌
Real
Estate
Securities
Fund
(a)
803,530‌
22,756‌
SmallCap
Fund
(a)
1,581,248‌
51,770‌
SmallCap
S&P
600
Index
Fund
(a)
213,821‌
5,547‌
Small-MidCap
Dividend
Income
Fund
(a)
1,460,837‌
31,145‌
$
720,299‌
Principal
Funds,
Inc.
Institutional
Class
-
40
.03
%
Equity
Income
Fund
(a)
1,997,385‌
84,649‌
LargeCap
S&P
500
Index
Fund
(a)
9,692,595‌
318,208‌
LargeCap
Value
Fund
III
(a)
4,387,058‌
77,958‌
$
480,815‌
TOTAL
INVESTMENT
COMPANIES
$
1,201,114‌
Total
Investments
$
1,201,114‌
Other
Assets
and
Liabilities
-  0.00%
(
44‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,201,070‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
114,828‌
$
14,651‌
$
40,022‌
$
71,822‌
Core
Fixed
Income
Fund
27,244‌
848‌
1,455‌
26,604‌
Equity
Income
Fund
117,712‌
8,965‌
41,656‌
84,649‌
Global
Emerging
Markets
Fund
61,543‌
10,776‌
3,261‌
73,018‌
High
Yield
Fund
8,842‌
345‌
473‌
8,701‌
International
Equity
Fund
292,813‌
19,600‌
15,967‌
312,141‌
International
Small
Company
Fund
15,026‌
922‌
859‌
15,904‌
LargeCap
Growth
Fund
I
122,900‌
12,180‌
42,541‌
75,772‌
LargeCap
S&P
500
Index
Fund
194,130‌
149,119‌
22,963‌
318,208‌
LargeCap
Value
Fund
III
106,979‌
16,190‌
34,575‌
77,958‌
MidCap
Fund
25,818‌
2,254‌
1,391‌
25,119‌
Real
Estate
Securities
Fund
23,169‌
614‌
1,220‌
22,756‌
SmallCap
Fund
49,706‌
3,559‌
2,751‌
51,770‌
SmallCap
S&P
600
Index
Fund
5,348‌
591‌
280‌
5,547‌
Small-MidCap
Dividend
Income
Fund
28,632‌
1,518‌
1,593‌
31,145‌
$
1,194,690‌
$
242,132‌
$
211,007‌
$
1,201,114‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
9,915‌
$
12,878‌
$
(
27,550‌
)
Core
Fixed
Income
Fund
255‌
7‌
—‌
(
40‌
)
Equity
Income
Fund
522‌
2,711‌
6,574‌
(
3,083‌
)
Global
Emerging
Markets
Fund
1,074‌
30‌
521‌
3,930‌
High
Yield
Fund
153‌
(
1‌
)
—‌
(
12‌
)
International
Equity
Fund
11,459‌
231‌
—‌
15,464‌
International
Small
Company
Fund
450‌
—‌
—‌
815‌
LargeCap
Growth
Fund
I
1,495‌
2,624‌
8,860‌
(
19,391‌
)
LargeCap
S&P
500
Index
Fund
3,202‌
(
7‌
)
6,342‌
(
2,071‌
)
LargeCap
Value
Fund
III
2,266‌
2,026‌
12,117‌
(
12,662‌
)
MidCap
Fund
—‌
(
4‌
)
1,432‌
(
1,558‌
)
Real
Estate
Securities
Fund
149‌
(
3‌
)
—‌
196‌
SmallCap
Fund
153‌
8‌
2,392‌
1,248‌
SmallCap
S&P
600
Index
Fund
172‌
(
4‌
)
371‌
(
108‌
)
Small-MidCap
Dividend
Income
Fund
191‌
8‌
422‌
2,580‌
$
21,541‌
$
17,541‌
$
51,909‌
$
(
42,242‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2065
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
166
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
59
.98
%
Blue
Chip
Fund
(a),(b)
431,860‌
$
17,814‌
Core
Fixed
Income
Fund
(a)
755,932‌
6,599‌
Global
Emerging
Markets
Fund
(a)
487,262‌
18,117‌
High
Yield
Fund
(a)
321,660‌
2,158‌
International
Equity
Fund
(a)
4,509,725‌
77,432‌
International
Small
Company
Fund
(a)
300,165‌
3,947‌
LargeCap
Growth
Fund
I
(a)
1,203,186‌
18,794‌
MidCap
Fund
(a),(b)
146,146‌
6,230‌
Real
Estate
Securities
Fund
(a)
199,304‌
5,644‌
SmallCap
Fund
(a)
392,278‌
12,843‌
SmallCap
S&P
600
Index
Fund
(a)
53,034‌
1,376‌
Small-MidCap
Dividend
Income
Fund
(a)
362,433‌
7,727‌
$
178,681‌
Principal
Funds,
Inc.
Institutional
Class
-
40
.03
%
Equity
Income
Fund
(a)
495,458‌
20,998‌
LargeCap
S&P
500
Index
Fund
(a)
2,404,417‌
78,937‌
LargeCap
Value
Fund
III
(a)
1,088,194‌
19,337‌
$
119,272‌
TOTAL
INVESTMENT
COMPANIES
$
297,953‌
Total
Investments
$
297,953‌
Other
Assets
and
Liabilities
-  (0.01)%
(
23‌
)
TOTAL
NET
ASSETS
-
100.00%
$
297,930‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
27,296‌
$
4,297‌
$
9,526‌
$
17,814‌
Core
Fixed
Income
Fund
6,502‌
468‌
363‌
6,599‌
Equity
Income
Fund
27,979‌
2,988‌
9,890‌
20,998‌
Global
Emerging
Markets
Fund
14,576‌
3,242‌
683‌
18,117‌
High
Yield
Fund
2,110‌
169‌
118‌
2,158‌
International
Equity
Fund
69,442‌
7,461‌
3,305‌
77,432‌
International
Small
Company
Fund
3,606‌
386‌
249‌
3,947‌
LargeCap
Growth
Fund
I
29,196‌
3,754‌
10,089‌
18,794‌
LargeCap
S&P
500
Index
Fund
45,934‌
38,063‌
4,566‌
78,937‌
LargeCap
Value
Fund
III
25,447‌
4,717‌
8,250‌
19,337‌
MidCap
Fund
6,163‌
737‌
288‌
6,230‌
Real
Estate
Securities
Fund
5,605‌
365‌
375‌
5,644‌
SmallCap
Fund
11,833‌
1,330‌
633‌
12,843‌
SmallCap
S&P
600
Index
Fund
1,259‌
197‌
54‌
1,376‌
Small-MidCap
Dividend
Income
Fund
6,812‌
609‌
332‌
7,727‌
$
283,760‌
$
68,783‌
$
48,721‌
$
297,953‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
1,019‌
$
3,102‌
$
(
5,272‌
)
Core
Fixed
Income
Fund
62‌
—‌
—‌
(
8‌
)
Equity
Income
Fund
127‌
448‌
1,582‌
(
527‌
)
Global
Emerging
Markets
Fund
259‌
4‌
125‌
978‌
High
Yield
Fund
37‌
—‌
—‌
(
3‌
)
International
Equity
Fund
2,768‌
16‌
—‌
3,818‌
International
Small
Company
Fund
112‌
—‌
—‌
204‌
LargeCap
Growth
Fund
I
363‌
(
88‌
)
2,148‌
(
3,979‌
)
LargeCap
S&P
500
Index
Fund
770‌
(
1‌
)
1,525‌
(
493‌
)
LargeCap
Value
Fund
III
550‌
230‌
2,939‌
(
2,807‌
)
MidCap
Fund
—‌
(
1‌
)
347‌
(
381‌
)
Real
Estate
Securities
Fund
37‌
—‌
—‌
49‌
SmallCap
Fund
37‌
2‌
581‌
311‌
SmallCap
S&P
600
Index
Fund
41‌
—‌
88‌
(
26‌
)
Small-MidCap
Dividend
Income
Fund
46‌
—‌
102‌
638‌
$
5,209‌
$
1,629‌
$
12,539‌
$
(
7,498‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2070
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
167
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
59
.96
%
Blue
Chip
Fund
(a),(b)
147,805‌
$
6,097‌
Core
Fixed
Income
Fund
(a)
258,730‌
2,259‌
Global
Emerging
Markets
Fund
(a)
166,291‌
6,183‌
High
Yield
Fund
(a)
110,111‌
739‌
International
Equity
Fund
(a)
1,542,308‌
26,481‌
International
Small
Company
Fund
(a)
102,979‌
1,354‌
LargeCap
Growth
Fund
I
(a)
411,767‌
6,432‌
MidCap
Fund
(a),(b)
49,995‌
2,131‌
Real
Estate
Securities
Fund
(a)
68,238‌
1,932‌
SmallCap
Fund
(a)
134,276‌
4,396‌
SmallCap
S&P
600
Index
Fund
(a)
18,117‌
470‌
Small-MidCap
Dividend
Income
Fund
(a)
124,052‌
2,645‌
$
61,119‌
Principal
Funds,
Inc.
Institutional
Class
-
40
.04
%
Equity
Income
Fund
(a)
169,595‌
7,187‌
LargeCap
S&P
500
Index
Fund
(a)
822,739‌
27,011‌
LargeCap
Value
Fund
III
(a)
372,491‌
6,619‌
$
40,817‌
TOTAL
INVESTMENT
COMPANIES
$
101,936‌
Total
Investments
$
101,936‌
Other
Assets
and
Liabilities
-  0.00%
4‌
TOTAL
NET
ASSETS
-
100.00%
$
101,940‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
8,908‌
$
1,873‌
$
3,269‌
$
6,097‌
Core
Fixed
Income
Fund
2,151‌
304‌
193‌
2,259‌
Equity
Income
Fund
9,122‌
1,456‌
3,362‌
7,187‌
Global
Emerging
Markets
Fund
4,693‌
1,387‌
223‌
6,183‌
High
Yield
Fund
697‌
104‌
61‌
739‌
International
Equity
Fund
22,469‌
3,858‌
1,122‌
26,481‌
International
Small
Company
Fund
1,218‌
239‌
176‌
1,354‌
LargeCap
Growth
Fund
I
9,505‌
1,695‌
3,421‌
6,432‌
LargeCap
S&P
500
Index
Fund
14,745‌
13,517‌
1,106‌
27,011‌
LargeCap
Value
Fund
III
8,324‌
2,017‌
2,867‌
6,619‌
MidCap
Fund
2,040‌
388‌
168‌
2,131‌
Real
Estate
Securities
Fund
1,890‌
240‌
214‌
1,932‌
SmallCap
Fund
3,882‌
695‌
289‌
4,396‌
SmallCap
S&P
600
Index
Fund
396‌
96‌
14‌
470‌
Small-MidCap
Dividend
Income
Fund
2,233‌
342‌
145‌
2,645‌
$
92,273‌
$
28,211‌
$
16,630‌
$
101,936‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
76‌
$
1,039‌
$
(
1,491‌
)
Core
Fixed
Income
Fund
21‌
—‌
—‌
(
3‌
)
Equity
Income
Fund
42‌
104‌
528‌
(
133‌
)
Global
Emerging
Markets
Fund
84‌
1‌
41‌
325‌
High
Yield
Fund
13‌
—‌
—‌
(
1‌
)
International
Equity
Fund
908‌
2‌
—‌
1,274‌
International
Small
Company
Fund
39‌
3‌
—‌
70‌
LargeCap
Growth
Fund
I
121‌
(
29‌
)
715‌
(
1,318‌
)
LargeCap
S&P
500
Index
Fund
251‌
—‌
496‌
(
145‌
)
LargeCap
Value
Fund
III
183‌
56‌
980‌
(
911‌
)
MidCap
Fund
—‌
—‌
118‌
(
129‌
)
Real
Estate
Securities
Fund
13‌
—‌
—‌
16‌
SmallCap
Fund
12‌
1‌
194‌
107‌
SmallCap
S&P
600
Index
Fund
13‌
—‌
28‌
(
8‌
)
Small-MidCap
Dividend
Income
Fund
16‌
—‌
34‌
215‌
$
1,716‌
$
214‌
$
4,173‌
$
(
2,132‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2015
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
168
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
24
.26
%
Diversified
Real
Asset
Fund
(a)
182,049‌
$
2,357‌
Global
Emerging
Markets
Fund
(a)
309,924‌
11,523‌
High
Yield
Fund
(a)
4,920,526‌
33,017‌
International
Equity
Fund
(a)
2,873,825‌
49,344‌
International
Small
Company
Fund
(a)
191,592‌
2,519‌
MidCap
S&P
400
Index
Fund
(a)
393,298‌
8,833‌
Real
Estate
Securities
Fund
(a)
304,297‌
8,618‌
SmallCap
S&P
600
Index
Fund
(a)
347,230‌
9,007‌
$
125,218‌
Principal
Funds,
Inc.
Institutional
Class
-
75
.75
%
Bond
Market
Index
Fund
(a)
20,621,554‌
176,314‌
Inflation
Protection
Fund
(a)
3,787,400‌
29,201‌
LargeCap
S&P
500
Index
Fund
(a)
3,043,768‌
99,927‌
Short-Term
Income
Fund
(a)
7,025,374‌
85,499‌
$
390,941‌
TOTAL
INVESTMENT
COMPANIES
$
516,159‌
Total
Investments
$
516,159‌
Other
Assets
and
Liabilities
-  (0.01)%
(
66‌
)
TOTAL
NET
ASSETS
-
100.00%
$
516,093‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
163,868‌
$
19,634‌
$
1,396‌
$
176,314‌
Diversified
Real
Asset
Fund
2,015‌
206‌
20‌
2,357‌
Global
Emerging
Markets
Fund
8,692‌
2,287‌
66‌
11,523‌
High
Yield
Fund
30,350‌
2,969‌
259‌
33,017‌
Inflation
Protection
Fund
27,125‌
3,553‌
245‌
29,201‌
International
Equity
Fund
41,461‌
5,853‌
331‌
49,344‌
International
Small
Company
Fund
2,191‌
331‌
132‌
2,519‌
LargeCap
S&P
500
Index
Fund
94,157‌
9,955‌
3,065‌
99,927‌
MidCap
S&P
400
Index
Fund
7,885‌
1,439‌
297‌
8,833‌
Real
Estate
Securities
Fund
7,885‌
730‌
72‌
8,618‌
Short-Term
Income
Fund
78,928‌
7,111‌
676‌
85,499‌
SmallCap
S&P
600
Index
Fund
7,690‌
1,550‌
67‌
9,007‌
$
472,247‌
$
55,618‌
$
6,626‌
$
516,159‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
6,615‌
$
—‌
$
—‌
$
(
5,792‌
)
Diversified
Real
Asset
Fund
31‌
—‌
—‌
156‌
Global
Emerging
Markets
Fund
158‌
—‌
76‌
610‌
High
Yield
Fund
546‌
—‌
—‌
(
43‌
)
Inflation
Protection
Fund
1,279‌
—‌
—‌
(
1,232‌
)
International
Equity
Fund
1,689‌
1‌
—‌
2,360‌
International
Small
Company
Fund
70‌
—‌
—‌
129‌
LargeCap
S&P
500
Index
Fund
950‌
—‌
1,882‌
(
1,120‌
)
MidCap
S&P
400
Index
Fund
176‌
—‌
535‌
(
194‌
)
Real
Estate
Securities
Fund
53‌
—‌
—‌
75‌
Short-Term
Income
Fund
795‌
—‌
—‌
136‌
SmallCap
S&P
600
Index
Fund
260‌
—‌
559‌
(
166‌
)
$
12,622‌
$
1‌
$
3,052‌
$
(
5,081‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2020
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
169
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
26
.30
%
Diversified
Real
Asset
Fund
(a)
206,976‌
$
2,680‌
Global
Emerging
Markets
Fund
(a)
432,899‌
16,095‌
High
Yield
Fund
(a)
5,322,982‌
35,717‌
International
Equity
Fund
(a)
4,007,199‌
68,804‌
International
Small
Company
Fund
(a)
266,451‌
3,504‌
MidCap
S&P
400
Index
Fund
(a)
547,949‌
12,307‌
Real
Estate
Securities
Fund
(a)
342,744‌
9,707‌
SmallCap
S&P
600
Index
Fund
(a)
484,052‌
12,556‌
$
161,370‌
Principal
Funds,
Inc.
Institutional
Class
-
73
.71
%
Bond
Market
Index
Fund
(a)
23,164,061‌
198,053‌
Inflation
Protection
Fund
(a)
4,067,245‌
31,358‌
LargeCap
S&P
500
Index
Fund
(a)
4,241,152‌
139,237‌
Short-Term
Income
Fund
(a)
6,876,971‌
83,693‌
$
452,341‌
TOTAL
INVESTMENT
COMPANIES
$
613,711‌
Total
Investments
$
613,711‌
Other
Assets
and
Liabilities
-  (0.01)%
(
51‌
)
TOTAL
NET
ASSETS
-
100.00%
$
613,660‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
199,302‌
$
9,790‌
$
4,333‌
$
198,053‌
Diversified
Real
Asset
Fund
2,491‌
65‌
59‌
2,680‌
Global
Emerging
Markets
Fund
13,164‌
2,329‌
264‌
16,095‌
High
Yield
Fund
35,552‌
994‌
776‌
35,717‌
Inflation
Protection
Fund
31,668‌
1,770‌
714‌
31,358‌
International
Equity
Fund
62,561‌
4,164‌
1,325‌
68,804‌
International
Small
Company
Fund
3,184‌
240‌
93‌
3,504‌
LargeCap
S&P
500
Index
Fund
141,671‌
5,503‌
6,250‌
139,237‌
MidCap
S&P
400
Index
Fund
11,725‌
1,147‌
291‌
12,307‌
Real
Estate
Securities
Fund
9,669‌
176‌
224‌
9,707‌
Short-Term
Income
Fund
83,680‌
1,705‌
1,829‌
83,693‌
SmallCap
S&P
600
Index
Fund
11,549‌
1,508‌
268‌
12,556‌
$
606,216‌
$
29,391‌
$
16,426‌
$
613,711‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
7,670‌
$
(
1‌
)
$
—‌
$
(
6,705‌
)
Diversified
Real
Asset
Fund
36‌
1‌
—‌
182‌
Global
Emerging
Markets
Fund
229‌
2‌
111‌
864‌
High
Yield
Fund
614‌
—‌
—‌
(
53‌
)
Inflation
Protection
Fund
1,412‌
(
1‌
)
—‌
(
1,365‌
)
International
Equity
Fund
2,440‌
55‌
—‌
3,349‌
International
Small
Company
Fund
94‌
—‌
—‌
173‌
LargeCap
S&P
500
Index
Fund
1,367‌
251‌
2,709‌
(
1,938‌
)
MidCap
S&P
400
Index
Fund
248‌
4‌
752‌
(
278‌
)
Real
Estate
Securities
Fund
62‌
—‌
—‌
86‌
Short-Term
Income
Fund
808‌
—‌
—‌
137‌
SmallCap
S&P
600
Index
Fund
373‌
—‌
802‌
(
233‌
)
$
15,353‌
$
311‌
$
4,374‌
$
(
5,781‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2025
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
170
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
28
.61
%
Diversified
Real
Asset
Fund
(a)
396,242‌
$
5,131‌
Global
Emerging
Markets
Fund
(a)
954,206‌
35,477‌
High
Yield
Fund
(a)
8,853,268‌
59,406‌
International
Equity
Fund
(a)
8,837,281‌
151,736‌
International
Small
Company
Fund
(a)
587,908‌
7,731‌
MidCap
S&P
400
Index
Fund
(a)
1,208,611‌
27,145‌
Real
Estate
Securities
Fund
(a)
650,584‌
18,425‌
SmallCap
S&P
600
Index
Fund
(a)
1,067,564‌
27,693‌
$
332,744‌
Principal
Funds,
Inc.
Institutional
Class
-
71
.40
%
Bond
Market
Index
Fund
(a)
42,100,903‌
359,962‌
Inflation
Protection
Fund
(a)
6,774,803‌
52,234‌
LargeCap
S&P
500
Index
Fund
(a)
9,355,054‌
307,126‌
Short-Term
Income
Fund
(a)
9,111,400‌
110,886‌
$
830,208‌
TOTAL
INVESTMENT
COMPANIES
$
1,162,952‌
Total
Investments
$
1,162,952‌
Other
Assets
and
Liabilities
-  (0.01)%
(
118‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,162,834‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
356,835‌
$
21,880‌
$
6,682‌
$
359,962‌
Diversified
Real
Asset
Fund
4,698‌
184‌
97‌
5,131‌
Global
Emerging
Markets
Fund
28,495‌
5,554‌
471‌
35,477‌
High
Yield
Fund
58,251‌
2,336‌
1,094‌
59,406‌
Inflation
Protection
Fund
51,961‌
3,549‌
1,028‌
52,234‌
International
Equity
Fund
135,720‌
10,974‌
2,396‌
151,736‌
International
Small
Company
Fund
7,048‌
497‌
199‌
7,731‌
LargeCap
S&P
500
Index
Fund
307,790‌
15,646‌
12,633‌
307,126‌
MidCap
S&P
400
Index
Fund
25,649‌
2,858‌
756‌
27,145‌
Real
Estate
Securities
Fund
18,079‌
554‌
372‌
18,425‌
Short-Term
Income
Fund
109,215‌
3,547‌
2,057‌
110,886‌
SmallCap
S&P
600
Index
Fund
25,148‌
3,555‌
494‌
27,693‌
$
1,128,889‌
$
71,134‌
$
28,279‌
$
1,162,952‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
13,804‌
$
—‌
$
—‌
$
(
12,071‌
)
Diversified
Real
Asset
Fund
68‌
—‌
—‌
346‌
Global
Emerging
Markets
Fund
498‌
3‌
242‌
1,896‌
High
Yield
Fund
1,010‌
—‌
—‌
(
87‌
)
Inflation
Protection
Fund
2,328‌
—‌
—‌
(
2,248‌
)
International
Equity
Fund
5,319‌
46‌
—‌
7,392‌
International
Small
Company
Fund
210‌
—‌
—‌
385‌
LargeCap
S&P
500
Index
Fund
2,985‌
149‌
5,912‌
(
3,826‌
)
MidCap
S&P
400
Index
Fund
545‌
2‌
1,653‌
(
608‌
)
Real
Estate
Securities
Fund
116‌
—‌
—‌
164‌
Short-Term
Income
Fund
1,060‌
—‌
—‌
181‌
SmallCap
S&P
600
Index
Fund
816‌
—‌
1,755‌
(
516‌
)
$
28,759‌
$
200‌
$
9,562‌
$
(
8,992‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2030
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
171
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
32
.03
%
Diversified
Real
Asset
Fund
(a)
572,482‌
$
7,414‌
Global
Emerging
Markets
Fund
(a)
1,458,319‌
54,220‌
High
Yield
Fund
(a)
10,150,017‌
68,107‌
International
Equity
Fund
(a)
13,513,285‌
232,023‌
International
Small
Company
Fund
(a)
899,899‌
11,834‌
MidCap
S&P
400
Index
Fund
(a)
1,848,626‌
41,520‌
Real
Estate
Securities
Fund
(a)
870,730‌
24,659‌
SmallCap
S&P
600
Index
Fund
(a)
1,632,675‌
42,351‌
$
482,128‌
Principal
Funds,
Inc.
Institutional
Class
-
67
.98
%
Bond
Market
Index
Fund
(a)
49,099,620‌
419,802‌
Inflation
Protection
Fund
(a)
7,316,405‌
56,409‌
LargeCap
S&P
500
Index
Fund
(a)
14,308,000‌
469,732‌
Short-Term
Income
Fund
(a)
6,358,830‌
77,387‌
$
1,023,330‌
TOTAL
INVESTMENT
COMPANIES
$
1,505,458‌
Total
Investments
$
1,505,458‌
Other
Assets
and
Liabilities
-  (0.01)%
(
188‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,505,270‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
397,206‌
$
37,737‌
$
1,320‌
$
419,802‌
Diversified
Real
Asset
Fund
6,475‌
468‌
21‌
7,414‌
Global
Emerging
Markets
Fund
41,613‌
9,856‌
128‌
54,220‌
High
Yield
Fund
63,741‌
4,670‌
212‌
68,107‌
Inflation
Protection
Fund
53,425‌
5,553‌
182‌
56,409‌
International
Equity
Fund
198,358‌
23,145‌
642‌
232,023‌
International
Small
Company
Fund
10,361‌
1,127‌
251‌
11,834‌
LargeCap
S&P
500
Index
Fund
450,007‌
37,309‌
12,193‌
469,732‌
MidCap
S&P
400
Index
Fund
37,573‌
5,704‌
839‌
41,520‌
Real
Estate
Securities
Fund
23,025‌
1,498‌
81‌
24,659‌
Short-Term
Income
Fund
72,744‌
4,762‌
243‌
77,387‌
SmallCap
S&P
600
Index
Fund
36,818‌
6,447‌
131‌
42,351‌
$
1,391,346‌
$
138,276‌
$
16,243‌
$
1,505,458‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
15,788‌
$
—‌
$
—‌
$
(
13,821‌
)
Diversified
Real
Asset
Fund
97‌
—‌
—‌
492‌
Global
Emerging
Markets
Fund
745‌
1‌
360‌
2,878‌
High
Yield
Fund
1,133‌
—‌
—‌
(
92‌
)
Inflation
Protection
Fund
2,477‌
—‌
—‌
(
2,387‌
)
International
Equity
Fund
7,975‌
2‌
—‌
11,160‌
International
Small
Company
Fund
324‌
1‌
—‌
596‌
LargeCap
S&P
500
Index
Fund
4,475‌
(
6‌
)
8,859‌
(
5,385‌
)
MidCap
S&P
400
Index
Fund
825‌
—‌
2,502‌
(
918‌
)
Real
Estate
Securities
Fund
154‌
—‌
—‌
217‌
Short-Term
Income
Fund
724‌
—‌
—‌
124‌
SmallCap
S&P
600
Index
Fund
1,228‌
—‌
2,641‌
(
783‌
)
$
35,945‌
$
(
2‌
)
$
14,362‌
$
(
7,919‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2035
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
172
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
35
.46
%
Global
Emerging
Markets
Fund
(a)
1,170,408‌
$
43,516‌
High
Yield
Fund
(a)
6,579,100‌
44,146‌
International
Equity
Fund
(a)
10,844,475‌
186,200‌
International
Small
Company
Fund
(a)
722,333‌
9,499‌
MidCap
S&P
400
Index
Fund
(a)
1,483,532‌
33,320‌
Real
Estate
Securities
Fund
(a)
745,533‌
21,113‌
SmallCap
S&P
600
Index
Fund
(a)
1,310,257‌
33,988‌
$
371,782‌
Principal
Funds,
Inc.
Institutional
Class
-
64
.55
%
Bond
Market
Index
Fund
(a)
35,051,051‌
299,686‌
LargeCap
S&P
500
Index
Fund
(a)
11,481,840‌
376,949‌
$
676,635‌
TOTAL
INVESTMENT
COMPANIES
$
1,048,417‌
Total
Investments
$
1,048,417‌
Other
Assets
and
Liabilities
-  (0.01)%
(
100‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,048,317‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
280,906‌
$
30,634‌
$
1,971‌
$
299,686‌
Global
Emerging
Markets
Fund
33,116‌
8,293‌
201‌
43,516‌
High
Yield
Fund
40,940‌
3,550‌
285‌
44,146‌
International
Equity
Fund
157,856‌
20,440‌
1,022‌
186,200‌
International
Small
Company
Fund
8,257‌
1,096‌
336‌
9,499‌
LargeCap
S&P
500
Index
Fund
358,105‌
34,127‌
10,957‌
376,949‌
MidCap
S&P
400
Index
Fund
29,901‌
5,049‌
890‌
33,320‌
Real
Estate
Securities
Fund
19,517‌
1,558‌
148‌
21,113‌
SmallCap
S&P
600
Index
Fund
29,290‌
5,549‌
217‌
33,988‌
$
957,888‌
$
110,296‌
$
16,027‌
$
1,048,417‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
11,285‌
$
—‌
$
—‌
$
(
9,883‌
)
Global
Emerging
Markets
Fund
597‌
—‌
289‌
2,308‌
High
Yield
Fund
733‌
—‌
—‌
(
59‌
)
International
Equity
Fund
6,394‌
3‌
—‌
8,923‌
International
Small
Company
Fund
262‌
—‌
—‌
482‌
LargeCap
S&P
500
Index
Fund
3,596‌
(
21‌
)
7,123‌
(
4,305‌
)
MidCap
S&P
400
Index
Fund
664‌
2‌
2,017‌
(
742‌
)
Real
Estate
Securities
Fund
131‌
—‌
—‌
186‌
SmallCap
S&P
600
Index
Fund
988‌
—‌
2,125‌
(
634‌
)
$
24,650‌
$
(
16‌
)
$
11,554‌
$
(
3,724‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2040
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
173
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
39
.40
%
Global
Emerging
Markets
Fund
(a)
1,720,100‌
$
63,953‌
High
Yield
Fund
(a)
6,231,352‌
41,812‌
International
Equity
Fund
(a)
15,942,663‌
273,736‌
International
Small
Company
Fund
(a)
1,062,241‌
13,969‌
MidCap
S&P
400
Index
Fund
(a)
2,181,308‌
48,992‌
Real
Estate
Securities
Fund
(a)
919,929‌
26,052‌
SmallCap
S&P
600
Index
Fund
(a)
1,926,279‌
49,968‌
$
518,482‌
Principal
Funds,
Inc.
Institutional
Class
-
60
.61
%
Bond
Market
Index
Fund
(a)
28,463,942‌
243,367‌
LargeCap
S&P
500
Index
Fund
(a)
16,881,788‌
554,229‌
$
797,596‌
TOTAL
INVESTMENT
COMPANIES
$
1,316,078‌
Total
Investments
$
1,316,078‌
Other
Assets
and
Liabilities
-  (0.01)%
(
146‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,315,932‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
226,858‌
$
24,850‌
$
352‌
$
243,367‌
Global
Emerging
Markets
Fund
48,476‌
12,182‌
87‌
63,953‌
High
Yield
Fund
38,563‌
3,365‌
61‌
41,812‌
International
Equity
Fund
231,051‌
29,970‌
391‌
273,736‌
International
Small
Company
Fund
12,046‌
1,653‌
440‌
13,969‌
LargeCap
S&P
500
Index
Fund
523,988‌
49,986‌
13,446‌
554,229‌
MidCap
S&P
400
Index
Fund
43,712‌
7,474‌
1,111‌
48,992‌
Real
Estate
Securities
Fund
23,929‌
1,936‌
39‌
26,052‌
SmallCap
S&P
600
Index
Fund
42,833‌
8,131‌
72‌
49,968‌
$
1,191,456‌
$
139,547‌
$
15,999‌
$
1,316,078‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
9,121‌
$
—‌
$
—‌
$
(
7,989‌
)
Global
Emerging
Markets
Fund
875‌
—‌
423‌
3,382‌
High
Yield
Fund
693‌
—‌
—‌
(
55‌
)
International
Equity
Fund
9,372‌
1‌
—‌
13,105‌
International
Small
Company
Fund
386‌
—‌
—‌
710‌
LargeCap
S&P
500
Index
Fund
5,261‌
2‌
10,425‌
(
6,301‌
)
MidCap
S&P
400
Index
Fund
974‌
(
1‌
)
2,957‌
(
1,082‌
)
Real
Estate
Securities
Fund
161‌
—‌
—‌
226‌
SmallCap
S&P
600
Index
Fund
1,446‌
—‌
3,110‌
(
924‌
)
$
28,289‌
$
2‌
$
16,915‌
$
1,072‌
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2045
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
174
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
42
.50
%
Global
Emerging
Markets
Fund
(a)
1,021,395‌
$
37,976‌
High
Yield
Fund
(a)
2,336,606‌
15,679‌
International
Equity
Fund
(a)
9,464,185‌
162,500‌
International
Small
Company
Fund
(a)
629,897‌
8,283‌
MidCap
S&P
400
Index
Fund
(a)
1,294,578‌
29,076‌
Real
Estate
Securities
Fund
(a)
469,919‌
13,308‌
SmallCap
S&P
600
Index
Fund
(a)
1,143,371‌
29,659‌
$
296,481‌
Principal
Funds,
Inc.
Institutional
Class
-
57
.51
%
Bond
Market
Index
Fund
(a)
8,450,526‌
72,252‌
LargeCap
S&P
500
Index
Fund
(a)
10,020,557‌
328,975‌
$
401,227‌
TOTAL
INVESTMENT
COMPANIES
$
697,708‌
Total
Investments
$
697,708‌
Other
Assets
and
Liabilities
-  (0.01)%
(
60‌
)
TOTAL
NET
ASSETS
-
100.00%
$
697,648‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
68,763‌
$
6,281‌
$
411‌
$
72,252‌
Global
Emerging
Markets
Fund
29,403‌
6,694‌
145‌
37,976‌
High
Yield
Fund
14,762‌
1,027‌
88‌
15,679‌
International
Equity
Fund
139,977‌
15,439‌
753‌
162,500‌
International
Small
Company
Fund
7,214‌
750‌
92‌
8,283‌
LargeCap
S&P
500
Index
Fund
317,091‌
24,976‌
9,273‌
328,975‌
MidCap
S&P
400
Index
Fund
26,361‌
3,869‌
516‌
29,076‌
Real
Estate
Securities
Fund
12,504‌
770‌
82‌
13,308‌
SmallCap
S&P
600
Index
Fund
25,894‌
4,470‌
161‌
29,659‌
$
641,969‌
$
64,276‌
$
11,521‌
$
697,708‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
2,721‌
$
—‌
$
—‌
$
(
2,381‌
)
Global
Emerging
Markets
Fund
525‌
—‌
254‌
2,024‌
High
Yield
Fund
262‌
—‌
—‌
(
22‌
)
International
Equity
Fund
5,613‌
(
1‌
)
—‌
7,838‌
International
Small
Company
Fund
225‌
—‌
—‌
411‌
LargeCap
S&P
500
Index
Fund
3,138‌
(
5‌
)
6,215‌
(
3,814‌
)
MidCap
S&P
400
Index
Fund
575‌
—‌
1,746‌
(
638‌
)
Real
Estate
Securities
Fund
83‌
—‌
—‌
116‌
SmallCap
S&P
600
Index
Fund
859‌
—‌
1,848‌
(
544‌
)
$
14,001‌
$
(
6‌
)
$
10,063‌
$
2,990‌
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2050
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
175
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
44
.73
%
Global
Emerging
Markets
Fund
(a)
1,042,593‌
$
38,764‌
High
Yield
Fund
(a)
1,118,140‌
7,503‌
International
Equity
Fund
(a)
9,658,975‌
165,845‌
International
Small
Company
Fund
(a)
642,727‌
8,452‌
MidCap
S&P
400
Index
Fund
(a)
1,321,125‌
29,672‌
Real
Estate
Securities
Fund
(a)
434,996‌
12,319‌
SmallCap
S&P
600
Index
Fund
(a)
1,166,868‌
30,268‌
$
292,823‌
Principal
Funds,
Inc.
Institutional
Class
-
55
.28
%
Bond
Market
Index
Fund
(a)
3,053,302‌
26,106‌
LargeCap
S&P
500
Index
Fund
(a)
10,226,110‌
335,723‌
$
361,829‌
TOTAL
INVESTMENT
COMPANIES
$
654,652‌
Total
Investments
$
654,652‌
Other
Assets
and
Liabilities
-  (0.01)%
(
68‌
)
TOTAL
NET
ASSETS
-
100.00%
$
654,584‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
25,080‌
$
2,026‌
$
133‌
$
26,106‌
Global
Emerging
Markets
Fund
30,358‌
6,460‌
124‌
38,764‌
High
Yield
Fund
7,131‌
420‌
38‌
7,503‌
International
Equity
Fund
144,487‌
13,953‌
640‌
165,845‌
International
Small
Company
Fund
7,428‌
662‌
58‌
8,452‌
LargeCap
S&P
500
Index
Fund
327,212‌
21,627‌
9,180‌
335,723‌
MidCap
S&P
400
Index
Fund
27,176‌
3,591‌
433‌
29,672‌
Real
Estate
Securities
Fund
11,711‌
563‌
62‌
12,319‌
SmallCap
S&P
600
Index
Fund
26,711‌
4,259‌
137‌
30,268‌
$
607,294‌
$
53,561‌
$
10,805‌
$
654,652‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
991‌
$
—‌
$
—‌
$
(
867‌
)
Global
Emerging
Markets
Fund
539‌
1‌
261‌
2,069‌
High
Yield
Fund
126‌
—‌
—‌
(
10‌
)
International
Equity
Fund
5,759‌
1‌
—‌
8,044‌
International
Small
Company
Fund
229‌
—‌
—‌
420‌
LargeCap
S&P
500
Index
Fund
3,229‌
(
5‌
)
6,399‌
(
3,931‌
)
MidCap
S&P
400
Index
Fund
591‌
—‌
1,794‌
(
662‌
)
Real
Estate
Securities
Fund
77‌
—‌
—‌
107‌
SmallCap
S&P
600
Index
Fund
884‌
—‌
1,902‌
(
565‌
)
$
12,425‌
$
(
3‌
)
$
10,356‌
$
4,605‌
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2055
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
176
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
45
.30
%
Global
Emerging
Markets
Fund
(a)
696,284‌
$
25,888‌
High
Yield
Fund
(a)
460,796‌
3,092‌
International
Equity
Fund
(a)
6,454,740‌
110,828‌
International
Small
Company
Fund
(a)
429,724‌
5,651‌
MidCap
S&P
400
Index
Fund
(a)
883,074‌
19,834‌
Real
Estate
Securities
Fund
(a)
285,404‌
8,082‌
SmallCap
S&P
600
Index
Fund
(a)
779,856‌
20,229‌
$
193,604‌
Principal
Funds,
Inc.
Institutional
Class
-
54
.71
%
Bond
Market
Index
Fund
(a)
1,103,910‌
9,438‌
LargeCap
S&P
500
Index
Fund
(a)
6,835,470‌
224,409‌
$
233,847‌
TOTAL
INVESTMENT
COMPANIES
$
427,451‌
Total
Investments
$
427,451‌
Other
Assets
and
Liabilities
-  (0.01)%
(
59‌
)
TOTAL
NET
ASSETS
-
100.00%
$
427,392‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
8,882‌
$
943‌
$
78‌
$
9,438‌
Global
Emerging
Markets
Fund
19,939‌
4,707‌
126‌
25,888‌
High
Yield
Fund
2,879‌
242‌
25‌
3,092‌
International
Equity
Fund
94,971‌
11,184‌
644‌
110,828‌
International
Small
Company
Fund
4,914‌
556‌
99‌
5,651‌
LargeCap
S&P
500
Index
Fund
215,145‌
18,393‌
6,537‌
224,409‌
MidCap
S&P
400
Index
Fund
17,909‌
2,774‌
407‌
19,834‌
Real
Estate
Securities
Fund
7,552‌
520‌
59‌
8,082‌
SmallCap
S&P
600
Index
Fund
17,582‌
3,161‌
137‌
20,229‌
$
389,773‌
$
42,480‌
$
8,112‌
$
427,451‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
354‌
$
—‌
$
—‌
$
(
309‌
)
Global
Emerging
Markets
Fund
356‌
—‌
172‌
1,368‌
High
Yield
Fund
51‌
—‌
—‌
(
4‌
)
International
Equity
Fund
3,803‌
—‌
—‌
5,317‌
International
Small
Company
Fund
153‌
—‌
—‌
280‌
LargeCap
S&P
500
Index
Fund
2,133‌
(
4‌
)
4,226‌
(
2,588‌
)
MidCap
S&P
400
Index
Fund
392‌
—‌
1,189‌
(
442‌
)
Real
Estate
Securities
Fund
50‌
—‌
—‌
69‌
SmallCap
S&P
600
Index
Fund
585‌
—‌
1,258‌
(
377‌
)
$
7,877‌
$
(
4‌
)
$
6,845‌
$
3,314‌
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2060
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
177
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
45
.32
%
Global
Emerging
Markets
Fund
(a)
395,231‌
$
14,695‌
High
Yield
Fund
(a)
263,500‌
1,768‌
International
Equity
Fund
(a)
3,663,036‌
62,894‌
International
Small
Company
Fund
(a)
243,985‌
3,208‌
MidCap
S&P
400
Index
Fund
(a)
501,148‌
11,256‌
Real
Estate
Securities
Fund
(a)
165,228‌
4,679‌
SmallCap
S&P
600
Index
Fund
(a)
442,592‌
11,481‌
$
109,981‌
Principal
Funds,
Inc.
Institutional
Class
-
54
.69
%
Bond
Market
Index
Fund
(a)
631,238‌
5,397‌
LargeCap
S&P
500
Index
Fund
(a)
3,878,717‌
127,339‌
$
132,736‌
TOTAL
INVESTMENT
COMPANIES
$
242,717‌
Total
Investments
$
242,717‌
Other
Assets
and
Liabilities
-  (0.01)%
(
36‌
)
TOTAL
NET
ASSETS
-
100.00%
$
242,681‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
5,043‌
$
563‌
$
31‌
$
5,397‌
Global
Emerging
Markets
Fund
11,268‌
2,697‌
49‌
14,695‌
High
Yield
Fund
1,634‌
146‌
9‌
1,768‌
International
Equity
Fund
53,717‌
6,413‌
258‌
62,894‌
International
Small
Company
Fund
2,797‌
346‌
97‌
3,208‌
LargeCap
S&P
500
Index
Fund
121,743‌
10,528‌
3,458‌
127,339‌
MidCap
S&P
400
Index
Fund
10,157‌
1,623‌
273‌
11,256‌
Real
Estate
Securities
Fund
4,351‌
312‌
24‌
4,679‌
SmallCap
S&P
600
Index
Fund
9,959‌
1,791‌
54‌
11,481‌
$
220,669‌
$
24,419‌
$
4,253‌
$
242,717‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
204‌
$
—‌
$
—‌
$
(
178‌
)
Global
Emerging
Markets
Fund
202‌
—‌
98‌
779‌
High
Yield
Fund
29‌
—‌
—‌
(
3‌
)
International
Equity
Fund
2,166‌
1‌
—‌
3,021‌
International
Small
Company
Fund
89‌
—‌
—‌
162‌
LargeCap
S&P
500
Index
Fund
1,217‌
1‌
2,409‌
(
1,475‌
)
MidCap
S&P
400
Index
Fund
225‌
—‌
682‌
(
251‌
)
Real
Estate
Securities
Fund
29‌
—‌
—‌
40‌
SmallCap
S&P
600
Index
Fund
334‌
—‌
719‌
(
215‌
)
$
4,495‌
$
2‌
$
3,908‌
$
1,880‌
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2065
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
178
INVESTMENT
COMPANIES
-
100
.02
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
45
.32
%
Global
Emerging
Markets
Fund
(a)
148,833‌
$
5,534‌
High
Yield
Fund
(a)
99,238‌
666‌
International
Equity
Fund
(a)
1,379,573‌
23,687‌
International
Small
Company
Fund
(a)
91,953‌
1,209‌
MidCap
S&P
400
Index
Fund
(a)
188,765‌
4,240‌
Real
Estate
Securities
Fund
(a)
62,234‌
1,762‌
SmallCap
S&P
600
Index
Fund
(a)
166,703‌
4,324‌
$
41,422‌
Principal
Funds,
Inc.
Institutional
Class
-
54
.70
%
Bond
Market
Index
Fund
(a)
237,741‌
2,033‌
LargeCap
S&P
500
Index
Fund
(a)
1,460,865‌
47,960‌
$
49,993‌
TOTAL
INVESTMENT
COMPANIES
$
91,415‌
Total
Investments
$
91,415‌
Other
Assets
and
Liabilities
-  (0.02)%
(
15‌
)
TOTAL
NET
ASSETS
-
100.00%
$
91,400‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
1,882‌
$
280‌
$
63‌
$
2,033‌
Global
Emerging
Markets
Fund
4,166‌
1,149‌
70‌
5,534‌
High
Yield
Fund
610‌
77‌
21‌
666‌
International
Equity
Fund
19,893‌
3,045‌
375‌
23,687‌
International
Small
Company
Fund
1,053‌
179‌
84‌
1,209‌
LargeCap
S&P
500
Index
Fund
45,144‌
5,307‌
1,934‌
47,960‌
MidCap
S&P
400
Index
Fund
3,786‌
746‌
199‌
4,240‌
Real
Estate
Securities
Fund
1,627‌
172‌
52‌
1,762‌
SmallCap
S&P
600
Index
Fund
3,701‌
785‌
83‌
4,324‌
$
81,862‌
$
11,740‌
$
2,881‌
$
91,415‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
76‌
$
—‌
$
—‌
$
(
66‌
)
Global
Emerging
Markets
Fund
75‌
—‌
36‌
289‌
High
Yield
Fund
11‌
—‌
—‌
—‌
International
Equity
Fund
805‌
—‌
—‌
1,124‌
International
Small
Company
Fund
34‌
—‌
—‌
61‌
LargeCap
S&P
500
Index
Fund
452‌
—‌
894‌
(
557‌
)
MidCap
S&P
400
Index
Fund
84‌
—‌
255‌
(
93‌
)
Real
Estate
Securities
Fund
11‌
—‌
—‌
15‌
SmallCap
S&P
600
Index
Fund
124‌
—‌
267‌
(
79‌
)
$
1,672‌
$
—‌
$
1,452‌
$
694‌
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2070
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
179
INVESTMENT
COMPANIES
-
99
.86
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
45
.22
%
Global
Emerging
Markets
Fund
(a)
23,875‌
$
888‌
High
Yield
Fund
(a)
15,997‌
107‌
International
Equity
Fund
(a)
221,989‌
3,812‌
International
Small
Company
Fund
(a)
14,869‌
195‌
MidCap
S&P
400
Index
Fund
(a)
30,439‌
684‌
Real
Estate
Securities
Fund
(a)
10,033‌
284‌
SmallCap
S&P
600
Index
Fund
(a)
26,852‌
696‌
$
6,666‌
Principal
Funds,
Inc.
Institutional
Class
-
54
.64
%
Bond
Market
Index
Fund
(a)
38,313‌
328‌
LargeCap
S&P
500
Index
Fund
(a)
235,407‌
7,728‌
$
8,056‌
TOTAL
INVESTMENT
COMPANIES
$
14,722‌
Total
Investments
$
14,722‌
Other
Assets
and
Liabilities
-  0.14%
21‌
TOTAL
NET
ASSETS
-
100.00%
$
14,743‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
290‌
$
68‌
$
20‌
$
328‌
Global
Emerging
Markets
Fund
618‌
241‌
16‌
888‌
High
Yield
Fund
94‌
20‌
7‌
107‌
International
Equity
Fund
2,972‌
752‌
83‌
3,812‌
International
Small
Company
Fund
168‌
43‌
25‌
195‌
LargeCap
S&P
500
Index
Fund
6,786‌
1,377‌
354‌
7,728‌
MidCap
S&P
400
Index
Fund
582‌
166‌
50‌
684‌
Real
Estate
Securities
Fund
253‌
48‌
20‌
284‌
SmallCap
S&P
600
Index
Fund
562‌
166‌
20‌
696‌
$
12,325‌
$
2,881‌
$
595‌
$
14,722‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
11‌
$
—‌
$
—‌
$
(
10‌
)
Global
Emerging
Markets
Fund
11‌
—‌
5‌
45‌
High
Yield
Fund
2‌
—‌
—‌
—‌
International
Equity
Fund
122‌
—‌
—‌
171‌
International
Small
Company
Fund
5‌
—‌
—‌
9‌
LargeCap
S&P
500
Index
Fund
68‌
—‌
134‌
(
81‌
)
MidCap
S&P
400
Index
Fund
13‌
—‌
39‌
(
14‌
)
Real
Estate
Securities
Fund
2‌
—‌
—‌
3‌
SmallCap
S&P
600
Index
Fund
19‌
—‌
41‌
(
12‌
)
$
253‌
$
—‌
$
219‌
$
111‌
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
180
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
24
.28
%
Diversified
Real
Asset
Fund
(a)
70,993‌
$
919‌
Global
Emerging
Markets
Fund
(a)
118,169‌
4,394‌
High
Yield
Fund
(a)
1,864,191‌
12,509‌
International
Equity
Fund
(a)
1,094,595‌
18,794‌
International
Small
Company
Fund
(a)
72,832‌
958‌
MidCap
S&P
400
Index
Fund
(a)
149,702‌
3,362‌
Real
Estate
Securities
Fund
(a)
112,121‌
3,175‌
SmallCap
S&P
600
Index
Fund
(a)
132,228‌
3,430‌
$
47,541‌
Principal
Funds,
Inc.
Institutional
Class
-
75
.73
%
Bond
Market
Index
Fund
(a)
7,814,305‌
66,812‌
Inflation
Protection
Fund
(a)
1,427,320‌
11,005‌
LargeCap
S&P
500
Index
Fund
(a)
1,158,798‌
38,043‌
Short-Term
Income
Fund
(a)
2,660,894‌
32,383‌
$
148,243‌
TOTAL
INVESTMENT
COMPANIES
$
195,784‌
Total
Investments
$
195,784‌
Other
Assets
and
Liabilities
-  (0.01)%
(
19‌
)
TOTAL
NET
ASSETS
-
100.00%
$
195,765‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
65,183‌
$
5,564‌
$
1,700‌
$
66,812‌
Diversified
Real
Asset
Fund
828‌
53‌
24‌
919‌
Global
Emerging
Markets
Fund
3,478‌
762‌
81‌
4,394‌
High
Yield
Fund
12,071‌
771‌
316‌
12,509‌
Inflation
Protection
Fund
10,765‌
1,004‌
290‌
11,005‌
International
Equity
Fund
16,555‌
1,736‌
411‌
18,794‌
International
Small
Company
Fund
857‌
85‌
31‌
958‌
LargeCap
S&P
500
Index
Fund
37,537‌
2,775‌
1,827‌
38,043‌
MidCap
S&P
400
Index
Fund
3,123‌
432‌
118‌
3,362‌
Real
Estate
Securities
Fund
3,064‌
169‌
86‌
3,175‌
Short-Term
Income
Fund
31,389‌
1,765‌
824‌
32,383‌
SmallCap
S&P
600
Index
Fund
3,062‌
514‌
81‌
3,430‌
$
187,912‌
$
15,630‌
$
5,789‌
$
195,784‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
2,555‌
$
—‌
$
—‌
$
(
2,235‌
)
Diversified
Real
Asset
Fund
12‌
—‌
—‌
62‌
Global
Emerging
Markets
Fund
62‌
—‌
30‌
235‌
High
Yield
Fund
211‌
—‌
—‌
(
17‌
)
Inflation
Protection
Fund
491‌
—‌
—‌
(
474‌
)
International
Equity
Fund
659‌
5‌
—‌
909‌
International
Small
Company
Fund
26‌
—‌
—‌
47‌
LargeCap
S&P
500
Index
Fund
369‌
16‌
731‌
(
458‌
)
MidCap
S&P
400
Index
Fund
67‌
1‌
204‌
(
76‌
)
Real
Estate
Securities
Fund
20‌
—‌
—‌
28‌
Short-Term
Income
Fund
307‌
—‌
—‌
53‌
SmallCap
S&P
600
Index
Fund
101‌
—‌
217‌
(
65‌
)
$
4,880‌
$
22‌
$
1,182‌
$
(
1,991‌
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Strategic
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
181
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
63
.04
%
Blue
Chip
Fund
(a),(b)
381,325‌
$
15,730‌
Core
Fixed
Income
Fund
(a)
28,135,133‌
245,620‌
Diversified
Real
Asset
Fund
(a)
235,084‌
3,044‌
Global
Emerging
Markets
Fund
(a)
432,607‌
16,084‌
High
Yield
Fund
(a)
6,836,551‌
45,873‌
International
Equity
Fund
(a)
4,002,890‌
68,730‌
International
Small
Company
Fund
(a)
266,104‌
3,499‌
LargeCap
Growth
Fund
I
(a)
1,063,250‌
16,608‌
MidCap
Fund
(a),(b)
129,455‌
5,519‌
Real
Estate
Securities
Fund
(a)
406,636‌
11,516‌
SmallCap
Fund
(a)
347,166‌
11,366‌
SmallCap
S&P
600
Index
Fund
(a)
48,301‌
1,253‌
Small-MidCap
Dividend
Income
Fund
(a)
322,241‌
6,870‌
$
451,712‌
Principal
Funds,
Inc.
Institutional
Class
-
36
.97
%
Equity
Income
Fund
(a)
437,994‌
18,562‌
Inflation
Protection
Fund
(a)
5,213,609‌
40,197‌
LargeCap
S&P
500
Index
Fund
(a)
2,143,729‌
70,379‌
LargeCap
Value
Fund
III
(a)
961,065‌
17,078‌
Short-Term
Income
Fund
(a)
9,756,096‌
118,732‌
$
264,948‌
TOTAL
INVESTMENT
COMPANIES
$
716,660‌
Total
Investments
$
716,660‌
Other
Assets
and
Liabilities
-  (0.01)%
(
76‌
)
TOTAL
NET
ASSETS
-
100.00%
$
716,584‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Schedule
of
Investments
Principal
LifeTime
Strategic
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
182
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
25,158‌
$
2,949‌
$
8,580‌
$
15,730‌
Core
Fixed
Income
Fund
251,672‌
4,876‌
10,639‌
245,620‌
Diversified
Real
Asset
Fund
2,897‌
73‌
135‌
3,044‌
Equity
Income
Fund
26,102‌
1,731‌
9,217‌
18,562‌
Global
Emerging
Markets
Fund
13,528‌
2,219‌
539‌
16,084‌
High
Yield
Fund
46,653‌
1,270‌
1,981‌
45,873‌
Inflation
Protection
Fund
41,519‌
2,257‌
1,809‌
40,197‌
International
Equity
Fund
64,278‌
3,670‌
2,669‌
68,730‌
International
Small
Company
Fund
3,262‌
249‌
184‌
3,499‌
LargeCap
Growth
Fund
I
26,948‌
2,427‌
9,137‌
16,608‌
LargeCap
S&P
500
Index
Fund
42,404‌
32,277‌
3,860‌
70,379‌
LargeCap
Value
Fund
III
23,428‌
3,292‌
7,357‌
17,078‌
MidCap
Fund
5,637‌
482‌
265‌
5,519‌
Real
Estate
Securities
Fund
11,740‌
198‌
525‌
11,516‌
Short-Term
Income
Fund
121,298‌
2,389‌
5,152‌
118,732‌
SmallCap
Fund
10,888‌
680‌
482‌
11,366‌
SmallCap
S&P
600
Index
Fund
1,181‌
132‌
36‌
1,253‌
Small-MidCap
Dividend
Income
Fund
6,264‌
338‌
296‌
6,870‌
$
724,857‌
$
61,509‌
$
62,863‌
$
716,660‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
5,293‌
$
2,762‌
$
(
9,090‌
)
Core
Fixed
Income
Fund
2,331‌
(
435‌
)
—‌
146‌
Diversified
Real
Asset
Fund
41‌
(
6‌
)
—‌
215‌
Equity
Income
Fund
112‌
4,726‌
1,412‌
(
4,780‌
)
Global
Emerging
Markets
Fund
234‌
6‌
114‌
870‌
High
Yield
Fund
796‌
(
2‌
)
—‌
(
67‌
)
Inflation
Protection
Fund
1,828‌
(
3‌
)
—‌
(
1,767‌
)
International
Equity
Fund
2,485‌
170‌
—‌
3,281‌
International
Small
Company
Fund
95‌
(
3‌
)
—‌
175‌
LargeCap
Growth
Fund
I
322‌
(
1,081‌
)
1,908‌
(
2,549‌
)
LargeCap
S&P
500
Index
Fund
696‌
3‌
1,378‌
(
445‌
)
LargeCap
Value
Fund
III
488‌
930‌
2,608‌
(
3,215‌
)
MidCap
Fund
—‌
4‌
305‌
(
339‌
)
Real
Estate
Securities
Fund
74‌
(
26‌
)
—‌
129‌
Short-Term
Income
Fund
1,158‌
(
3‌
)
—‌
200‌
SmallCap
Fund
33‌
4‌
515‌
276‌
SmallCap
S&P
600
Index
Fund
38‌
—‌
82‌
(
24‌
)
Small-MidCap
Dividend
Income
Fund
41‌
2‌
90‌
562‌
$
10,772‌
$
9,579‌
$
11,174‌
$
(
16,422‌
)
Amounts
in
thousands.
Schedule
of
Investments
Real
Estate
Securities
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
183
INVESTMENT
COMPANIES
-
0
.03
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.03
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
2,109,269‌
$
2,109‌
TOTAL
INVESTMENT
COMPANIES
$
2,109‌
COMMON
STOCKS
-
99
.91
%
Shares
Held
Value
(000's)
Lodging
-
2
.01
%
Hilton
Worldwide
Holdings
Inc
214,856‌
$
64,137‌
Hyatt
Hotels
Corp
381,520‌
59,658‌
$
123,795‌
Real
Estate
-
0
.61
%
Jones
Lang
LaSalle
Inc
(c)
105,000‌
37,581‌
REITs
-
97
.29
%
Agree
Realty
Corp
1,277,028‌
92,240‌
American
Healthcare
REIT
Inc
2,002,375‌
93,931‌
American
Homes
4
Rent
4,653,804‌
145,757‌
American
Tower
Corp
3,024,617‌
542,253‌
AvalonBay
Communities
Inc
1,615,547‌
287,034‌
Cousins
Properties
Inc
3,829,561‌
96,658‌
Crown
Castle
Inc
1,814,058‌
157,478‌
Digital
Realty
Trust
Inc
1,267,140‌
210,282‌
EastGroup
Properties
Inc
719,707‌
130,728‌
Equinix
Inc
655,496‌
538,116‌
Equity
LifeStyle
Properties
Inc
1,424,368‌
89,977‌
Essex
Property
Trust
Inc
549,598‌
138,427‌
Extra
Space
Storage
Inc
2,206,247‌
304,396‌
Gaming
and
Leisure
Properties
Inc
2,544,982‌
113,888‌
Healthpeak
Properties
Inc
6,946,915‌
119,765‌
Hudson
Pacific
Properties
Inc
(c)
1,202,250‌
10,363‌
InvenTrust
Properties
Corp
2,877,491‌
84,570‌
Invitation
Homes
Inc
5,983,086‌
159,928‌
Iron
Mountain
Inc
1,642,454‌
151,319‌
Kilroy
Realty
Corp
1,950,039‌
67,237‌
National
Health
Investors
Inc
841,545‌
69,108‌
NETSTREIT
Corp
(a)
4,451,754‌
83,871‌
Prologis
Inc
3,130,310‌
408,693‌
Regency
Centers
Corp
3,370,806‌
245,631‌
Rexford
Industrial
Realty
Inc
3,745,897‌
151,821‌
Ryman
Hospitality
Properties
Inc
650,042‌
61,559‌
Sabra
Health
Care
REIT
Inc
7,986,891‌
149,595‌
Saul
Centers
Inc
265,065‌
8,411‌
Simon
Property
Group
Inc
903,835‌
172,913‌
Smartstop
Self
Storage
REIT
Inc
1,018,017‌
32,007‌
Ventas
Inc
5,353,550‌
415,810‌
Vornado
Realty
Trust
2,096,382‌
66,833‌
Welltower
Inc
3,017,941‌
568,459‌
Weyerhaeuser
Co
1,706,517‌
43,994‌
$
6,013,052‌
TOTAL
COMMON
STOCKS
$
6,174,428‌
Total
Investments
$
6,176,537‌
Other
Assets
and
Liabilities
-  0.06%
3,986‌
TOTAL
NET
ASSETS
-
100.00%
$
6,180,523‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
NETSTREIT
Corp
$
82,892‌
$
—‌
$
—‌
$
83,871‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
77,998‌
154,919‌
230,808‌
2,109‌
$
160,890‌
$
154,919‌
$
230,808‌
$
85,980‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
NETSTREIT
Corp
$
957‌
$
—‌
$
—‌
$
979‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
339‌
—‌
—‌
—‌
$
1,296‌
$
—‌
$
—‌
$
979‌
Amounts
in
thousands.
Schedule
of
Investments
SAM
Balanced
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
184
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.01
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
96,791,936‌
$
96,792‌
Principal
Exchange-Traded
Funds
-
20
.76
%
Principal
International
Equity
ETF
(a)
8,465,387‌
292,480‌
Principal
U.S.
Mega-Cap
ETF
(a)
7,570,257‌
512,721‌
Principal
U.S.
Small-Cap
ETF
(a)
2,962,700‌
177,910‌
Principal
Value
ETF
(a)
362,000‌
19,033‌
$
1,002,144‌
Principal
Funds,
Inc.
Class
R-6
-
37
.12
%
Blue
Chip
Fund
(a),(c)
1,913,155‌
78,918‌
Core
Fixed
Income
Fund
(a)
65,357,730‌
570,573‌
Diversified
Real
Asset
Fund
(a)
5,524,425‌
71,541‌
Global
Emerging
Markets
Fund
(a)
6,997,145‌
260,154‌
Global
Macro
Fund
(a)
4,825,999‌
49,708‌
High
Yield
Fund
(a)
26,653,264‌
178,843‌
International
Equity
Index
Fund
(a)
19,957,830‌
291,983‌
International
Small
Company
Fund
(a)
1,853,765‌
24,377‌
LargeCap
Growth
Fund
I
(a)
2,920,448‌
45,617‌
MidCap
Fund
(a),(c)
484,666‌
20,661‌
Real
Estate
Securities
Fund
(a)
982,695‌
27,830‌
Small-MidCap
Dividend
Income
Fund
(a)
3,623,201‌
77,247‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
10,082,458‌
94,574‌
$
1,792,026‌
Principal
Funds,
Inc.
Institutional
Class
-
40
.11
%
Bond
Market
Index
Fund
(a)
24,257,876‌
207,405‌
Equity
Income
Fund
(a)
7,963,910‌
337,511‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
14,167,547‌
139,409‌
Global
Listed
Infrastructure
Fund
(a)
1,970,194‌
24,056‌
Government
&
High
Quality
Bond
Fund
(a)
5,673,225‌
52,137‌
Inflation
Protection
Fund
(a)
14,991,671‌
115,586‌
LargeCap
S&P
500
Index
Fund
(a)
2,957,674‌
97,100‌
LargeCap
Value
Fund
III
(a)
9,602,232‌
170,632‌
Overseas
Fund
(a)
20,850,434‌
257,711‌
Principal
Capital
Appreciation
Fund
(a)
4,706,500‌
410,736‌
Short-Term
Income
Fund
(a)
10,202,484‌
124,164‌
$
1,936,447‌
TOTAL
INVESTMENT
COMPANIES
$
4,827,409‌
Total
Investments
$
4,827,409‌
Other
Assets
and
Liabilities
-  0.00%
43‌
TOTAL
NET
ASSETS
-
100.00%
$
4,827,452‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Schedule
of
Investments
SAM
Balanced
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
185
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
84,782‌
$
13,651‌
$
2,126‌
$
78,918‌
Bond
Market
Index
Fund
284,130‌
8,352‌
78,005‌
207,405‌
Core
Fixed
Income
Fund
590,426‌
6,063‌
25,235‌
570,573‌
Diversified
Real
Asset
Fund
114,038‌
1,018‌
48,815‌
71,541‌
Equity
Income
Fund
344,036‌
73,496‌
78,314‌
337,511‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
110,374‌
30,350‌
4,006‌
139,409‌
Global
Emerging
Markets
Fund
209,935‌
39,341‌
3,099‌
260,154‌
Global
Listed
Infrastructure
Fund
22,961‌
573‌
—‌
24,056‌
Global
Macro
Fund
—‌
48,260‌
—‌
49,708‌
Government
&
High
Quality
Bond
Fund
53,457‌
552‌
1,986‌
52,137‌
High
Yield
Fund
206,171‌
3,634‌
30,713‌
178,843‌
Inflation
Protection
Fund
118,976‌
5,365‌
3,675‌
115,586‌
International
Equity
Index
Fund
160,030‌
146,695‌
27,458‌
291,983‌
International
Small
Company
Fund
41,127‌
1,254‌
20,405‌
24,377‌
LargeCap
Growth
Fund
I
73,251‌
8,880‌
23,290‌
45,617‌
LargeCap
S&P
500
Index
Fund
102,106‌
2,900‌
6,668‌
97,100‌
LargeCap
Value
Fund
III
166,021‌
30,426‌
3,669‌
170,632‌
MidCap
Fund
21,044‌
1,176‌
303‌
20,661‌
Overseas
Fund
238,446‌
22,716‌
9,256‌
257,711‌
Principal
Capital
Appreciation
Fund
472,255‌
33,486‌
64,318‌
410,736‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
31,088‌
82,396‌
16,692‌
96,792‌
Principal
International
Equity
ETF
271,147‌
—‌
—‌
292,480‌
Principal
U.S.
Mega-Cap
ETF
587,434‌
—‌
60,309‌
512,721‌
Principal
U.S.
Small-Cap
ETF
167,422‌
—‌
—‌
177,910‌
Principal
Value
ETF
—‌
18,933‌
—‌
19,033‌
Real
Estate
Securities
Fund
29,346‌
222‌
1,985‌
27,830‌
Short-Term
Income
Fund
128,727‌
1,382‌
6,150‌
124,164‌
Small-MidCap
Dividend
Income
Fund
72,082‌
1,583‌
2,923‌
77,247‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
95,367‌
1,651‌
2,346‌
94,574‌
$
4,796,179‌
$
584,355‌
$
521,746‌
$
4,827,409‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
274‌
$
13,593‌
$
(
17,663‌
)
Bond
Market
Index
Fund
8,097‌
1,221‌
—‌
(
8,293‌
)
Core
Fixed
Income
Fund
5,402‌
(
731‌
)
—‌
50‌
Diversified
Real
Asset
Fund
970‌
3,908‌
—‌
1,392‌
Equity
Income
Fund
1,685‌
29,159‌
21,184‌
(
30,866‌
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
2,260‌
(
330‌
)
—‌
3,021‌
Global
Emerging
Markets
Fund
3,642‌
(
26‌
)
1,771‌
14,003‌
Global
Listed
Infrastructure
Fund
449‌
—‌
124‌
522‌
Global
Macro
Fund
120‌
—‌
—‌
1,448‌
Government
&
High
Quality
Bond
Fund
485‌
(
51‌
)
—‌
165‌
High
Yield
Fund
3,446‌
(
152‌
)
—‌
(
97‌
)
Inflation
Protection
Fund
5,246‌
(
394‌
)
—‌
(
4,686‌
)
International
Equity
Index
Fund
7,471‌
—‌
2,339‌
12,716‌
International
Small
Company
Fund
1,210‌
5,022‌
—‌
(
2,621‌
)
LargeCap
Growth
Fund
I
1,276‌
795‌
7,560‌
(
14,019‌
)
LargeCap
S&P
500
Index
Fund
937‌
1,863‌
1,862‌
(
3,101‌
)
LargeCap
Value
Fund
III
4,767‌
(
81‌
)
25,532‌
(
22,065‌
)
MidCap
Fund
—‌
86‌
1,139‌
(
1,342‌
)
Overseas
Fund
9,634‌
70‌
12,959‌
5,735‌
Principal
Capital
Appreciation
Fund
2,242‌
18,634‌
30,341‌
(
49,321‌
)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
902‌
—‌
—‌
—‌
Principal
International
Equity
ETF
3,580‌
—‌
—‌
21,333‌
Principal
U.S.
Mega-Cap
ETF
1,193‌
20,968‌
—‌
(
35,372‌
)
Principal
U.S.
Small-Cap
ETF
240‌
—‌
—‌
10,488‌
Principal
Value
ETF
—‌
—‌
—‌
100‌
Real
Estate
Securities
Fund
178‌
78‌
—‌
169‌
Short-Term
Income
Fund
1,208‌
30‌
—‌
175‌
Small-MidCap
Dividend
Income
Fund
470‌
50‌
1,040‌
6,455‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
1,538‌
(
152‌
)
—‌
54‌
$
68,648‌
$
80,241‌
$
119,444‌
$
(
111,620‌
)
Amounts
in
thousands.
Schedule
of
Investments
SAM
Balanced
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
186
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Australia
10
Year
Bond;
March
2026
Long
30‌
$
2,280‌
$
(
5‌
)
Canada
10
Year
Bond;
March
2026
Long
32‌
2,846‌
(
27‌
)
Euro
Bond
10
Year
Bond;
March
2026
Long
48‌
7,292‌
(
23‌
)
Euro-BTP;
March
2026
Long
102‌
14,643‌
76‌
Euro-Oat;
March
2026
Long
76‌
10,984‌
68‌
Japan
10
Year
Bond
TSE;
March
2026
Long
30‌
25,512‌
(
336‌
)
UK
10
Year
Gilt;
March
2026
Long
72‌
8,951‌
60‌
Total
$
(
187‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SAM
Conservative
Balanced
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
187
INVESTMENT
COMPANIES
-
99
.96
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
4
.68
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
88,128,258‌
$
88,128‌
Principal
Exchange-Traded
Funds
-
13
.58
%
Principal
International
Equity
ETF
(a)
2,065,178‌
71,352‌
Principal
U.S.
Mega-Cap
ETF
(a)
2,128,648‌
144,170‌
Principal
U.S.
Small-Cap
ETF
(a)
666,700‌
40,035‌
$
255,557‌
Principal
Funds,
Inc.
Class
R-6
-
43
.65
%
Blue
Chip
Fund
(a),(c)
587,278‌
24,225‌
Core
Fixed
Income
Fund
(a)
47,854,818‌
417,773‌
Diversified
Real
Asset
Fund
(a)
1,727,600‌
22,372‌
Global
Emerging
Markets
Fund
(a)
2,049,616‌
76,205‌
Global
Macro
Fund
(a)
1,881,678‌
19,381‌
High
Yield
Fund
(a)
13,490,344‌
90,520‌
International
Equity
Index
Fund
(a)
4,907,161‌
71,792‌
LargeCap
Growth
Fund
I
(a)
844,667‌
13,194‌
MidCap
Fund
(a),(c)
185,220‌
7,896‌
Real
Estate
Securities
Fund
(a)
361,323‌
10,233‌
Small-MidCap
Dividend
Income
Fund
(a)
1,017,754‌
21,699‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
4,935,436‌
46,294‌
$
821,584‌
Principal
Funds,
Inc.
Institutional
Class
-
38
.05
%
Bond
Market
Index
Fund
(a)
13,617,883‌
116,433‌
Equity
Income
Fund
(a)
2,369,474‌
100,418‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
11,598,110‌
114,126‌
Global
Listed
Infrastructure
Fund
(a)
756,829‌
9,241‌
Government
&
High
Quality
Bond
Fund
(a)
4,316,072‌
39,665‌
Inflation
Protection
Fund
(a)
9,212,423‌
71,028‌
LargeCap
S&P
500
Index
Fund
(a)
811,637‌
26,646‌
LargeCap
Value
Fund
III
(a)
1,081,036‌
19,210‌
Overseas
Fund
(a)
5,203,833‌
64,319‌
Principal
Capital
Appreciation
Fund
(a)
1,023,630‌
89,332‌
Short-Term
Income
Fund
(a)
5,395,839‌
65,667‌
$
716,085‌
TOTAL
INVESTMENT
COMPANIES
$
1,881,354‌
Total
Investments
$
1,881,354‌
Other
Assets
and
Liabilities
-  0.04%
662‌
TOTAL
NET
ASSETS
-
100.00%
$
1,882,016‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Schedule
of
Investments
SAM
Conservative
Balanced
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
188
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
25,708‌
$
4,187‌
$
383‌
$
24,225‌
Bond
Market
Index
Fund
193,078‌
5,005‌
77,697‌
116,433‌
Core
Fixed
Income
Fund
426,339‌
7,043‌
15,124‌
417,773‌
Diversified
Real
Asset
Fund
35,088‌
338‌
14,704‌
22,372‌
Equity
Income
Fund
106,795‌
12,176‌
17,851‌
100,418‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
104,037‌
11,799‌
4,121‌
114,126‌
Global
Emerging
Markets
Fund
54,062‌
19,132‌
728‌
76,205‌
Global
Listed
Infrastructure
Fund
8,820‌
221‌
—‌
9,241‌
Global
Macro
Fund
—‌
18,816‌
—‌
19,381‌
Government
&
High
Quality
Bond
Fund
41,826‌
533‌
2,781‌
39,665‌
High
Yield
Fund
99,804‌
1,942‌
11,096‌
90,520‌
Inflation
Protection
Fund
77,390‌
3,354‌
6,593‌
71,028‌
International
Equity
Index
Fund
40,957‌
33,994‌
6,290‌
71,792‌
International
Small
Company
Fund
10,851‌
311‌
11,752‌
—‌
LargeCap
Growth
Fund
I
14,337‌
1,768‌
311‌
13,194‌
LargeCap
S&P
500
Index
Fund
28,140‌
845‌
1,995‌
26,646‌
LargeCap
Value
Fund
III
18,642‌
3,440‌
383‌
19,210‌
MidCap
Fund
8,162‌
487‌
271‌
7,896‌
Overseas
Fund
58,987‌
5,680‌
1,782‌
64,319‌
Principal
Capital
Appreciation
Fund
108,020‌
7,511‌
19,527‌
89,332‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
12,321‌
84,533‌
8,726‌
88,128‌
Principal
International
Equity
ETF
66,148‌
—‌
—‌
71,352‌
Principal
U.S.
Mega-Cap
ETF
159,121‌
—‌
11,111‌
144,170‌
Principal
U.S.
Small-Cap
ETF
37,675‌
—‌
—‌
40,035‌
Real
Estate
Securities
Fund
11,422‌
163‌
1,451‌
10,233‌
Short-Term
Income
Fund
68,063‌
832‌
3,337‌
65,667‌
Small-MidCap
Dividend
Income
Fund
20,306‌
461‌
898‌
21,699‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
46,957‌
929‌
1,543‌
46,294‌
$
1,883,056‌
$
225,500‌
$
220,455‌
$
1,881,354‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
42‌
$
4,131‌
$
(
5,329‌
)
Bond
Market
Index
Fund
4,520‌
929‌
—‌
(
4,882‌
)
Core
Fixed
Income
Fund
3,927‌
(
1,008‌
)
—‌
523‌
Diversified
Real
Asset
Fund
303‌
1,473‌
—‌
177‌
Equity
Income
Fund
563‌
8,301‌
7,061‌
(
9,003‌
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
2,041‌
(
340‌
)
—‌
2,751‌
Global
Emerging
Markets
Fund
940‌
(
1‌
)
456‌
3,740‌
Global
Listed
Infrastructure
Fund
173‌
—‌
48‌
200‌
Global
Macro
Fund
47‌
—‌
—‌
565‌
Government
&
High
Quality
Bond
Fund
371‌
(
71‌
)
—‌
158‌
High
Yield
Fund
1,677‌
64‌
—‌
(
194‌
)
Inflation
Protection
Fund
3,214‌
(
572‌
)
—‌
(
2,551‌
)
International
Equity
Index
Fund
1,841‌
(
12‌
)
570‌
3,143‌
International
Small
Company
Fund
284‌
3,096‌
—‌
(
2,506‌
)
LargeCap
Growth
Fund
I
250‌
17‌
1,482‌
(
2,617‌
)
LargeCap
S&P
500
Index
Fund
256‌
628‌
508‌
(
972‌
)
LargeCap
Value
Fund
III
536‌
16‌
2,869‌
(
2,505‌
)
MidCap
Fund
—‌
(
9‌
)
438‌
(
473‌
)
Overseas
Fund
2,390‌
4‌
3,211‌
1,430‌
Principal
Capital
Appreciation
Fund
488‌
5,810‌
6,586‌
(
12,482‌
)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
819‌
—‌
—‌
—‌
Principal
International
Equity
ETF
873‌
—‌
—‌
5,204‌
Principal
U.S.
Mega-Cap
ETF
323‌
2,654‌
—‌
(
6,494‌
)
Principal
U.S.
Small-Cap
ETF
54‌
—‌
—‌
2,360‌
Real
Estate
Securities
Fund
65‌
66‌
—‌
33‌
Short-Term
Income
Fund
639‌
15‌
—‌
94‌
Small-MidCap
Dividend
Income
Fund
132‌
78‌
292‌
1,752‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
754‌
(
100‌
)
—‌
51‌
$
27,480‌
$
21,080‌
$
27,652‌
$
(
27,827‌
)
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Australia
10
Year
Bond;
March
2026
Long
31‌
$
2,356‌
$
(
5‌
)
Canada
10
Year
Bond;
March
2026
Long
34‌
3,023‌
(
28‌
)
Euro
Bond
10
Year
Bond;
March
2026
Long
50‌
7,596‌
(
24‌
)
Euro-BTP;
March
2026
Long
106‌
15,217‌
79‌
Schedule
of
Investments
SAM
Conservative
Balanced
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
189
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Euro-Oat;
March
2026
Long
79‌
$
11,418‌
$
70‌
Japan
10
Year
Bond
TSE;
March
2026
Long
31‌
26,363‌
(
348‌
)
UK
10
Year
Gilt;
March
2026
Long
75‌
9,324‌
63‌
Total
$
(
193‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SAM
Conservative
Growth
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
190
INVESTMENT
COMPANIES
-
100
.04
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.65
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
22,175,164‌
$
22,175‌
Principal
Exchange-Traded
Funds
-
26
.79
%
Principal
International
Equity
ETF
(a)
7,404,025‌
255,809‌
Principal
U.S.
Mega-Cap
ETF
(a)
7,103,445‌
481,105‌
Principal
U.S.
Small-Cap
ETF
(a)
2,749,800‌
165,126‌
Principal
Value
ETF
(a)
323,000‌
16,983‌
$
919,023‌
Principal
Funds,
Inc.
Class
R-6
-
31
.27
%
Blue
Chip
Fund
(a),(c)
1,748,562‌
72,128‌
Core
Fixed
Income
Fund
(a)
21,235,111‌
185,383‌
Diversified
Real
Asset
Fund
(a)
4,631,817‌
59,982‌
Global
Emerging
Markets
Fund
(a)
6,835,326‌
254,137‌
Global
Macro
Fund
(a)
2,565,378‌
26,423‌
High
Yield
Fund
(a)
8,837,721‌
59,301‌
International
Equity
Index
Fund
(a)
16,106,638‌
235,640‌
International
Small
Company
Fund
(a)
1,588,855‌
20,894‌
LargeCap
Growth
Fund
I
(a)
1,971,631‌
30,797‌
MidCap
Fund
(a),(c)
340,925‌
14,534‌
Real
Estate
Securities
Fund
(a)
1,209,435‌
34,251‌
Small-MidCap
Dividend
Income
Fund
(a)
2,556,108‌
54,496‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
2,671,272‌
25,057‌
$
1,073,023‌
Principal
Funds,
Inc.
Institutional
Class
-
41
.33
%
Bond
Market
Index
Fund
(a)
13,480,899‌
115,262‌
Equity
Income
Fund
(a)
6,109,287‌
258,912‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
4,589,060‌
45,156‌
Global
Listed
Infrastructure
Fund
(a)
2,807,887‌
34,284‌
Government
&
High
Quality
Bond
Fund
(a)
1,387,642‌
12,753‌
Inflation
Protection
Fund
(a)
5,979,000‌
46,098‌
LargeCap
S&P
500
Index
Fund
(a)
2,202,616‌
72,312‌
LargeCap
Value
Fund
III
(a)
10,545,762‌
187,398‌
Overseas
Fund
(a)
20,439,161‌
252,628‌
Principal
Capital
Appreciation
Fund
(a)
4,507,544‌
393,372‌
$
1,418,175‌
TOTAL
INVESTMENT
COMPANIES
$
3,432,396‌
Total
Investments
$
3,432,396‌
Other
Assets
and
Liabilities
-  (0.04)%
(
1,390‌
)
TOTAL
NET
ASSETS
-
100.00%
$
3,431,006‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Schedule
of
Investments
SAM
Conservative
Growth
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
191
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
77,208‌
$
12,429‌
$
1,654‌
$
72,128‌
Bond
Market
Index
Fund
117,103‌
4,529‌
2,460‌
115,262‌
Core
Fixed
Income
Fund
197,777‌
1,836‌
14,004‌
185,383‌
Diversified
Real
Asset
Fund
76,189‌
815‌
21,311‌
59,982‌
Equity
Income
Fund
282,784‌
47,753‌
70,519‌
258,912‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
33,222‌
12,699‌
1,590‌
45,156‌
Global
Emerging
Markets
Fund
193,069‌
53,347‌
5,446‌
254,137‌
Global
Listed
Infrastructure
Fund
32,723‌
817‌
—‌
34,284‌
Global
Macro
Fund
—‌
25,653‌
—‌
26,423‌
Government
&
High
Quality
Bond
Fund
14,442‌
134‌
1,851‌
12,753‌
High
Yield
Fund
61,765‌
1,077‌
3,441‌
59,301‌
Inflation
Protection
Fund
46,690‌
2,100‌
686‌
46,098‌
International
Equity
Index
Fund
133,925‌
116,506‌
24,920‌
235,640‌
International
Small
Company
Fund
44,390‌
1,286‌
27,307‌
20,894‌
LargeCap
Growth
Fund
I
103,294‌
12,515‌
66,375‌
30,797‌
LargeCap
S&P
500
Index
Fund
77,879‌
2,122‌
6,740‌
72,312‌
LargeCap
Value
Fund
III
183,039‌
33,408‌
4,677‌
187,398‌
MidCap
Fund
16,455‌
837‌
1,850‌
14,534‌
Overseas
Fund
234,443‌
22,217‌
9,675‌
252,628‌
Principal
Capital
Appreciation
Fund
455,915‌
31,490‌
64,688‌
393,372‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
5‌
47,461‌
25,291‌
22,175‌
Principal
International
Equity
ETF
237,151‌
—‌
—‌
255,809‌
Principal
U.S.
Mega-Cap
ETF
492,584‌
—‌
—‌
481,105‌
Principal
U.S.
Small-Cap
ETF
155,391‌
—‌
—‌
165,126‌
Principal
Value
ETF
—‌
16,903‌
—‌
16,983‌
Real
Estate
Securities
Fund
35,444‌
232‌
1,731‌
34,251‌
Small-MidCap
Dividend
Income
Fund
50,865‌
1,089‌
2,034‌
54,496‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
26,655‌
423‌
1,993‌
25,057‌
$
3,380,407‌
$
449,678‌
$
360,243‌
$
3,432,396‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
209‌
$
12,390‌
$
(
16,064‌
)
Bond
Market
Index
Fund
4,477‌
(
3‌
)
—‌
(
3,907‌
)
Core
Fixed
Income
Fund
1,759‌
(
220‌
)
—‌
(
6‌
)
Diversified
Real
Asset
Fund
815‌
1,929‌
—‌
2,360‌
Equity
Income
Fund
1,340‌
46,116‌
16,820‌
(
47,222‌
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
686‌
(
134‌
)
—‌
959‌
Global
Emerging
Markets
Fund
3,320‌
(
84‌
)
1,619‌
13,251‌
Global
Listed
Infrastructure
Fund
640‌
—‌
177‌
744‌
Global
Macro
Fund
64‌
—‌
—‌
770‌
Government
&
High
Quality
Bond
Fund
121‌
(
48‌
)
—‌
76‌
High
Yield
Fund
1,025‌
(
34‌
)
—‌
(
66‌
)
Inflation
Protection
Fund
2,074‌
(
50‌
)
—‌
(
1,956‌
)
International
Equity
Index
Fund
6,002‌
(
88‌
)
1,895‌
10,217‌
International
Small
Company
Fund
1,260‌
6,673‌
—‌
(
4,148‌
)
LargeCap
Growth
Fund
I
1,801‌
282‌
10,674‌
(
18,919‌
)
LargeCap
S&P
500
Index
Fund
697‌
2,134‌
1,386‌
(
3,083‌
)
LargeCap
Value
Fund
III
5,239‌
(
135‌
)
28,091‌
(
24,237‌
)
MidCap
Fund
—‌
418‌
824‌
(
1,326‌
)
Overseas
Fund
9,426‌
22‌
12,699‌
5,621‌
Principal
Capital
Appreciation
Fund
2,144‌
17,283‌
28,970‌
(
46,628‌
)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
313‌
—‌
—‌
—‌
Principal
International
Equity
ETF
3,131‌
—‌
—‌
18,658‌
Principal
U.S.
Mega-Cap
ETF
1,000‌
—‌
—‌
(
11,479‌
)
Principal
U.S.
Small-Cap
ETF
223‌
—‌
—‌
9,735‌
Principal
Value
ETF
—‌
—‌
—‌
80‌
Real
Estate
Securities
Fund
219‌
68‌
—‌
238‌
Small-MidCap
Dividend
Income
Fund
331‌
23‌
732‌
4,553‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
410‌
(
100‌
)
—‌
72‌
$
48,517‌
$
74,261‌
$
116,277‌
$
(
111,707‌
)
Amounts
in
thousands.
Schedule
of
Investments
SAM
Flexible
Income
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
192
INVESTMENT
COMPANIES
-
99
.93
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
6
.95
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
154,071,620‌
$
154,072‌
Principal
Exchange-Traded
Funds
-
11
.95
%
Principal
Active
High
Yield
ETF
(a)
2,073,084‌
39,752‌
Principal
International
Equity
ETF
(a)
2,286,147‌
78,986‌
Principal
U.S.
Mega-Cap
ETF
(a)
1,703,095‌
115,348‌
Principal
U.S.
Small-Cap
ETF
(a)
516,000‌
30,986‌
$
265,072‌
Principal
Funds,
Inc.
Class
R-6
-
43
.53
%
Core
Fixed
Income
Fund
(a)
74,044,628‌
646,410‌
Diversified
Real
Asset
Fund
(a)
1,315,183‌
17,032‌
Global
Emerging
Markets
Fund
(a)
708,687‌
26,349‌
Global
Macro
Fund
(a)
2,518,261‌
25,938‌
High
Yield
Fund
(a)
12,107,831‌
81,244‌
International
Equity
Index
Fund
(a)
3,548,966‌
51,921‌
LargeCap
Growth
Fund
I
(a)
448,085‌
6,999‌
MidCap
Fund
(a),(c)
240,494‌
10,252‌
Real
Estate
Securities
Fund
(a)
369,684‌
10,470‌
Small-MidCap
Dividend
Income
Fund
(a)
1,412,401‌
30,112‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
6,230,409‌
58,441‌
$
965,168‌
Principal
Funds,
Inc.
Institutional
Class
-
37
.50
%
Bond
Market
Index
Fund
(a)
16,418,205‌
140,376‌
Equity
Income
Fund
(a)
1,887,224‌
79,981‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
17,721,188‌
174,375‌
Government
&
High
Quality
Bond
Fund
(a)
10,569,613‌
97,135‌
Inflation
Protection
Fund
(a)
14,363,767‌
110,745‌
LargeCap
S&P
500
Index
Fund
(a)
371,007‌
12,180‌
LargeCap
Value
Fund
III
(a)
2,235,130‌
39,718‌
Overseas
Fund
(a)
1,805,580‌
22,317‌
Principal
Capital
Appreciation
Fund
(a)
614,371‌
53,616‌
Short-Term
Income
Fund
(a)
8,297,401‌
100,979‌
$
831,422‌
TOTAL
INVESTMENT
COMPANIES
$
2,215,734‌
Total
Investments
$
2,215,734‌
Other
Assets
and
Liabilities
-  0.07%
1,631‌
TOTAL
NET
ASSETS
-
100.00%
$
2,217,365‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Schedule
of
Investments
SAM
Flexible
Income
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
193
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
277,815‌
$
5,598‌
$
138,082‌
$
140,376‌
Core
Fixed
Income
Fund
664,890‌
6,977‌
24,702‌
646,410‌
Diversified
Real
Asset
Fund
23,610‌
310‌
8,124‌
17,032‌
Equity
Income
Fund
78,885‌
6,691‌
4,767‌
79,981‌
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
166,788‌
9,727‌
5,953‌
174,375‌
Global
Emerging
Markets
Fund
16,899‌
8,577‌
398‌
26,349‌
Global
Macro
Fund
—‌
25,182‌
—‌
25,938‌
Government
&
High
Quality
Bond
Fund
98,056‌
1,479‌
2,614‌
97,135‌
High
Yield
Fund
91,815‌
2,084‌
12,548‌
81,244‌
Inflation
Protection
Fund
134,589‌
5,101‌
24,025‌
110,745‌
International
Equity
Index
Fund
28,095‌
24,142‌
2,564‌
51,921‌
LargeCap
Growth
Fund
I
8,381‌
1,155‌
1,130‌
6,999‌
LargeCap
S&P
500
Index
Fund
13,000‌
562‌
1,228‌
12,180‌
LargeCap
Value
Fund
III
39,882‌
7,257‌
2,259‌
39,718‌
MidCap
Fund
11,127‌
696‌
934‌
10,252‌
Overseas
Fund
20,663‌
1,989‌
836‌
22,317‌
Principal
Active
High
Yield
ETF
39,876‌
—‌
—‌
39,752‌
Principal
Capital
Appreciation
Fund
74,467‌
4,435‌
21,285‌
53,616‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
11,601‌
151,587‌
9,116‌
154,072‌
Principal
International
Equity
ETF
73,225‌
—‌
—‌
78,986‌
Principal
U.S.
Mega-Cap
ETF
129,889‌
—‌
11,379‌
115,348‌
Principal
U.S.
Small-Cap
ETF
29,159‌
—‌
—‌
30,986‌
Real
Estate
Securities
Fund
10,688‌
88‌
398‌
10,470‌
Short-Term
Income
Fund
101,952‌
1,571‌
2,711‌
100,979‌
Small-MidCap
Dividend
Income
Fund
28,131‌
723‌
1,275‌
30,112‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
59,325‌
1,103‌
1,927‌
58,441‌
$
2,232,808‌
$
267,034‌
$
278,255‌
$
2,215,734‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
5,498‌
$
1,923‌
$
—‌
$
(
6,878‌
)
Core
Fixed
Income
Fund
6,142‌
(
1,053‌
)
—‌
298‌
Diversified
Real
Asset
Fund
232‌
1,183‌
—‌
53‌
Equity
Income
Fund
479‌
372‌
6,029‌
(
1,200‌
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
3,238‌
(
492‌
)
—‌
4,305‌
Global
Emerging
Markets
Fund
292‌
(
2‌
)
142‌
1,273‌
Global
Macro
Fund
63‌
—‌
—‌
756‌
Government
&
High
Quality
Bond
Fund
908‌
(
76‌
)
—‌
290‌
High
Yield
Fund
1,556‌
(
27‌
)
—‌
(
80‌
)
Inflation
Protection
Fund
5,028‌
(
2,034‌
)
—‌
(
2,886‌
)
International
Equity
Index
Fund
1,301‌
11‌
403‌
2,237‌
LargeCap
Growth
Fund
I
134‌
156‌
796‌
(
1,563‌
)
LargeCap
S&P
500
Index
Fund
119‌
276‌
236‌
(
430‌
)
LargeCap
Value
Fund
III
1,112‌
7‌
5,949‌
(
5,169‌
)
MidCap
Fund
—‌
(
36‌
)
585‌
(
601‌
)
Overseas
Fund
829‌
61‌
1,114‌
440‌
Principal
Active
High
Yield
ETF
778‌
—‌
—‌
(
124‌
)
Principal
Capital
Appreciation
Fund
291‌
7,139‌
3,935‌
(
11,140‌
)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
1,325‌
—‌
—‌
—‌
Principal
International
Equity
ETF
967‌
—‌
—‌
5,761‌
Principal
U.S.
Mega-Cap
ETF
264‌
5,067‌
—‌
(
8,229‌
)
Principal
U.S.
Small-Cap
ETF
42‌
—‌
—‌
1,827‌
Real
Estate
Securities
Fund
67‌
6‌
—‌
86‌
Short-Term
Income
Fund
982‌
7‌
—‌
160‌
Small-MidCap
Dividend
Income
Fund
182‌
18‌
402‌
2,515‌
Spectrum
Preferred
and
Capital
Securities
Income
Fund
955‌
(
63‌
)
—‌
3‌
$
32,784‌
$
12,443‌
$
19,591‌
$
(
18,296‌
)
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Australia
10
Year
Bond;
March
2026
Long
55‌
$
4,180‌
$
(
8‌
)
Canada
10
Year
Bond;
March
2026
Long
61‌
5,424‌
(
51‌
)
Euro
Bond
10
Year
Bond;
March
2026
Long
89‌
13,522‌
(
43‌
)
Euro-BTP;
March
2026
Long
191‌
27,420‌
142‌
Euro-Oat;
March
2026
Long
142‌
20,523‌
127‌
Japan
10
Year
Bond
TSE;
March
2026
Long
56‌
47,623‌
(
628‌
)
Schedule
of
Investments
SAM
Flexible
Income
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
194
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
UK
10
Year
Gilt;
March
2026
Long
134‌
$
16,658‌
$
112‌
Total
$
(
349‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SAM
Strategic
Growth
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
195
INVESTMENT
COMPANIES
-
100
.04
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.66
%
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b)
16,692,559‌
$
16,693‌
Principal
Exchange-Traded
Funds
-
29
.14
%
Principal
International
Equity
ETF
(a)
5,724,130‌
197,769‌
Principal
U.S.
Mega-Cap
ETF
(a)
5,430,800‌
367,820‌
Principal
U.S.
Small-Cap
ETF
(a)
2,371,500‌
142,408‌
Principal
Value
ETF
(a)
477,000‌
25,080‌
$
733,077‌
Principal
Funds,
Inc.
Class
R-6
-
27
.70
%
Blue
Chip
Fund
(a),(c)
1,549,820‌
63,930‌
Diversified
Real
Asset
Fund
(a)
3,632,043‌
47,035‌
Global
Emerging
Markets
Fund
(a)
5,805,021‌
215,831‌
Global
Macro
Fund
(a)
1,860,626‌
19,164‌
International
Equity
Index
Fund
(a)
13,157,036‌
192,487‌
International
Small
Company
Fund
(a)
2,510,083‌
33,008‌
LargeCap
Growth
Fund
I
(a)
2,172,710‌
33,938‌
MidCap
Fund
(a),(c)
294,285‌
12,545‌
Real
Estate
Securities
Fund
(a)
611,815‌
17,327‌
Small-MidCap
Dividend
Income
Fund
(a)
2,882,134‌
61,447‌
$
696,712‌
Principal
Funds,
Inc.
Institutional
Class
-
42
.54
%
Equity
Income
Fund
(a)
5,907,241‌
250,349‌
Global
Listed
Infrastructure
Fund
(a)
2,007,749‌
24,515‌
Inflation
Protection
Fund
(a)
3,162,501‌
24,383‌
LargeCap
S&P
500
Index
Fund
(a)
1,930,827‌
63,389‌
LargeCap
Value
Fund
III
(a)
8,717,367‌
154,907‌
Overseas
Fund
(a)
17,654,785‌
218,213‌
Principal
Capital
Appreciation
Fund
(a)
3,829,191‌
334,173‌
$
1,069,929‌
TOTAL
INVESTMENT
COMPANIES
$
2,516,411‌
Total
Investments
$
2,516,411‌
Other
Assets
and
Liabilities
-  (0.04)%
(
1,066‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,515,345‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Schedule
of
Investments
SAM
Strategic
Growth
Portfolio
January
31,
2026
(unaudited)
See
accompanying
notes.
196
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
67,895‌
$
11,072‌
$
1,156‌
$
63,930‌
Diversified
Real
Asset
Fund
57,727‌
658‌
14,710‌
47,035‌
Equity
Income
Fund
221,990‌
70,328‌
40,738‌
250,349‌
Global
Emerging
Markets
Fund
170,520‌
36,022‌
2,345‌
215,831‌
Global
Listed
Infrastructure
Fund
23,398‌
585‌
—‌
24,515‌
Global
Macro
Fund
—‌
18,606‌
—‌
19,164‌
Inflation
Protection
Fund
34,105‌
1,169‌
9,806‌
24,383‌
International
Equity
Index
Fund
118,984‌
78,241‌
13,263‌
192,487‌
International
Small
Company
Fund
51,957‌
2,086‌
23,945‌
33,008‌
LargeCap
Growth
Fund
I
111,534‌
13,625‌
71,137‌
33,938‌
LargeCap
S&P
500
Index
Fund
70,166‌
2,532‌
8,463‌
63,389‌
LargeCap
Value
Fund
III
150,918‌
27,820‌
3,802‌
154,907‌
MidCap
Fund
12,971‌
755‌
407‌
12,545‌
Overseas
Fund
201,201‌
20,126‌
8,029‌
218,213‌
Principal
Capital
Appreciation
Fund
369,118‌
27,909‌
38,050‌
334,173‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
14,720‌
11,728‌
9,755‌
16,693‌
Principal
International
Equity
ETF
183,344‌
—‌
—‌
197,769‌
Principal
U.S.
Mega-Cap
ETF
376,596‌
—‌
—‌
367,820‌
Principal
U.S.
Small-Cap
ETF
134,013‌
—‌
—‌
142,408‌
Principal
Value
ETF
12,019‌
12,769‌
—‌
25,080‌
Real
Estate
Securities
Fund
18,133‌
587‌
1,546‌
17,327‌
Small-MidCap
Dividend
Income
Fund
56,330‌
1,301‌
1,331‌
61,447‌
$
2,457,639‌
$
337,919‌
$
248,483‌
$
2,516,411‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—‌
$
354‌
$
10,833‌
$
(
14,235‌
)
Diversified
Real
Asset
Fund
642‌
(
192‌
)
—‌
3,552‌
Equity
Income
Fund
1,144‌
19,665‌
14,327‌
(
20,896‌
)
Global
Emerging
Markets
Fund
2,962‌
(
32‌
)
1,440‌
11,666‌
Global
Listed
Infrastructure
Fund
458‌
—‌
127‌
532‌
Global
Macro
Fund
46‌
—‌
—‌
558‌
Inflation
Protection
Fund
1,098‌
171‌
—‌
(
1,256‌
)
International
Equity
Index
Fund
4,843‌
(
23‌
)
1,511‌
8,548‌
International
Small
Company
Fund
1,488‌
5,441‌
—‌
(
2,531‌
)
LargeCap
Growth
Fund
I
1,939‌
166‌
11,493‌
(
20,250‌
)
LargeCap
S&P
500
Index
Fund
633‌
2,199‌
1,275‌
(
3,045‌
)
LargeCap
Value
Fund
III
4,306‌
82‌
23,073‌
(
20,111‌
)
MidCap
Fund
—‌
29‌
708‌
(
803‌
)
Overseas
Fund
8,153‌
59‌
10,969‌
4,856‌
Principal
Capital
Appreciation
Fund
1,817‌
11,102‌
24,528‌
(
35,906‌
)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
187‌
—‌
—‌
—‌
Principal
International
Equity
ETF
2,421‌
—‌
—‌
14,425‌
Principal
U.S.
Mega-Cap
ETF
765‌
—‌
—‌
(
8,776‌
)
Principal
U.S.
Small-Cap
ETF
192‌
—‌
—‌
8,395‌
Principal
Value
ETF
66‌
—‌
—‌
292‌
Real
Estate
Securities
Fund
111‌
7‌
—‌
146‌
Small-MidCap
Dividend
Income
Fund
371‌
21‌
820‌
5,126‌
$
33,642‌
$
39,049‌
$
101,104‌
$
(
69,713‌
)
Amounts
in
thousands.
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
197
INVESTMENT
COMPANIES
-
4
.68
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
4
.68
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
812,344‌
$
812‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
163,231,621‌
163,232‌
$
164,044‌
TOTAL
INVESTMENT
COMPANIES
$
164,044‌
BONDS
-
80
.80
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
1
.34
%
BAE
Systems
PLC
5.13%,
03/26/2029
(d)
$
8,600‌
$
8,854‌
General
Electric
Co
4.30%,
07/29/2030
6,000‌
6,041‌
Lockheed
Martin
Corp
4.50%,
02/15/2029
13,350‌
13,576‌
Northrop
Grumman
Corp
4.60%,
02/01/2029
10,000‌
10,166‌
RTX
Corp
5.75%,
11/08/2026
8,075‌
8,177‌
$
46,814‌
Agriculture
-
0
.47
%
Bunge
Ltd
Finance
Corp
4.10%,
01/07/2028
5,500‌
5,512‌
4.20%,
09/17/2029
11,000‌
11,013‌
$
16,525‌
Airlines
-
0
.53
%
Alaska
Airlines
2020-1
Class
A
Pass
Through
Trust
4.80%,
02/15/2029
(d)
7,905‌
7,942‌
AS
Mileage
Plan
IP
Ltd
5.02%,
10/20/2029
(d)
10,600‌
10,720‌
$
18,662‌
Automobile
Asset
Backed
Securities
-
4
.90
%
AmeriCredit
Automobile
Receivables
Trust
2025-1
4.22%,
03/19/2029
(d)
7,200‌
7,210‌
BofA
Auto
Trust
2025-1
4.52%,
11/22/2027
(d)
1,962‌
1,965‌
Chase
Auto
Owner
Trust
2024-5
4.40%,
11/26/2027
(d)
1,286‌
1,286‌
Chase
Auto
Owner
Trust
2025-1
4.40%,
07/25/2028
(d)
8,278‌
8,301‌
Consumer
Portfolio
Services
Auto
Trust
2025-A
4.77%,
10/16/2028
(d)
3,387‌
3,393‌
Consumer
Portfolio
Services
Auto
Trust
2025-B
4.74%,
02/15/2029
(d)
3,689‌
3,698‌
CPS
Auto
Receivables
Trust
2024-C
5.88%,
02/15/2028
(d)
278‌
279‌
CPS
Auto
Receivables
Trust
2024-D
4.91%,
06/15/2028
(d)
1,893‌
1,895‌
CPS
Auto
Receivables
Trust
2025-C
4.71%,
03/15/2029
(d)
4,289‌
4,300‌
GM
Financial
Consumer
Automobile
Receivables
Trust
2024-4
4.53%,
10/18/2027
2,254‌
2,257‌
GM
Financial
Consumer
Automobile
Receivables
Trust
2025-1
4.44%,
01/18/2028
5,412‌
5,419‌
Gm
Financial
Consumer
Automobile
Receivables
Trust
2025-3
4.32%,
06/16/2028
8,094‌
8,112‌
GM
Financial
Consumer
Automobile
Receivables
Trust
2025-4
3.88%,
12/18/2028
9,500‌
9,507‌
LAD
Auto
Receivables
Trust
2025-3
4.06%,
03/15/2029
(d)
10,700‌
10,724‌
Nissan
Auto
Receivables
2024-B
Owner
Trust
4.51%,
06/15/2027
3,385‌
3,388‌
Nissan
Auto
Receivables
2025-B
Owner
Trust
4.00%,
07/17/2028
18,000‌
18,033‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
Onemain
Direct
Auto
Receivables
Trust
2022-1
4.65%,
03/14/2029
(d)
$
1,018‌
$
1,019‌
Toyota
Auto
Loan
Extended
Note
Trust
2023-1
4.93%,
06/25/2036
(d)
7,600‌
7,769‌
Toyota
Auto
Receivables
2024-D
Owner
Trust
4.55%,
08/16/2027
1,514‌
1,515‌
Westlake
Automobile
Receivables
Trust
2024-2
5.75%,
08/16/2027
(d)
237‌
237‌
Westlake
Automobile
Receivables
Trust
2024-3
4.82%,
09/15/2027
(d)
1,582‌
1,584‌
Westlake
Automobile
Receivables
Trust
2025-1
4.66%,
01/18/2028
(d)
4,536‌
4,544‌
Westlake
Automobile
Receivables
Trust
2025-2
4.66%,
09/15/2028
(d)
5,900‌
5,916‌
Westlake
Automobile
Receivables
Trust
2025-3
4.31%,
04/17/2028
(d)
10,250‌
10,264‌
Westlake
Automobile
Receivables
Trust
2025-P1
4.65%,
02/15/2028
(d)
6,798‌
6,818‌
World
Omni
Auto
Receivables
Trust
2025-A
4.49%,
04/17/2028
6,016‌
6,024‌
World
Omni
Auto
Receivables
Trust
2025-C
4.19%,
10/16/2028
12,500‌
12,518‌
World
Omni
Auto
Receivables
Trust
2025-D
3.91%,
02/15/2029
12,500‌
12,509‌
World
Omni
Select
Auto
Trust
2024-A
5.37%,
02/15/2028
119‌
119‌
World
Omni
Select
Auto
Trust
2025-A
4.14%,
05/15/2030
11,000‌
11,032‌
$
171,635‌
Banks
-
15
.49
%
AIB
Group
PLC
5.32%,
05/15/2031
(d),(e)
2,500‌
2,583‌
Secured
Overnight
Financing
Rate
+
1.65%
Bank
of
America
Corp
4.98%,
01/24/2029
(e)
9,400‌
9,574‌
Secured
Overnight
Financing
Rate
+
0.83%
5.16%,
01/24/2031
(e)
9,400‌
9,693‌
Secured
Overnight
Financing
Rate
+
1.00%
Bank
of
Ireland
Group
PLC
5.60%,
03/20/2030
(d),(e)
14,100‌
14,649‌
Secured
Overnight
Financing
Rate
+
1.62%
Bank
of
Montreal
5.00%,
01/27/2029
(e)
2,000‌
2,037‌
Secured
Overnight
Financing
Rate
+
0.67%
Bank
of
New
York
Mellon
Corp/The
4.44%,
06/09/2028
(e)
9,200‌
9,269‌
Secured
Overnight
Financing
Rate
+
0.68%
Bank
of
New
York
Mellon/The
4.73%,
04/20/2029
(e)
5,750‌
5,848‌
Secured
Overnight
Financing
Rate
+
1.14%
Bank
of
Nova
Scotia/The
1.30%,
09/15/2026
5,300‌
5,219‌
4.25%,
02/02/2030
(e),(f)
8,000‌
8,015‌
Secured
Overnight
Financing
Rate
+
0.73%
4.40%,
09/08/2028
(e)
9,400‌
9,457‌
Secured
Overnight
Financing
Rate
+
1.00%
Barclays
PLC
2.28%,
11/24/2027
(e)
7,308‌
7,206‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.05%
BNP
Paribas
SA
4.79%,
05/09/2029
(d),(e)
8,000‌
8,094‌
Secured
Overnight
Financing
Rate
+
1.45%
5.09%,
05/09/2031
(d),(e)
10,600‌
10,820‌
Secured
Overnight
Financing
Rate
+
1.68%
Canadian
Imperial
Bank
of
Commerce
5.93%,
10/02/2026
6,900‌
6,995‌
5.99%,
10/03/2028
3,440‌
3,607‌
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
198
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Citibank
NA
4.88%,
11/19/2027
(e)
$
8,000‌
$
8,056‌
Secured
Overnight
Financing
Rate
+
0.71%
Citigroup
Inc
4.54%,
09/19/2030
(e)
9,500‌
9,579‌
Secured
Overnight
Financing
Rate
+
1.34%
5.17%,
02/13/2030
(e)
8,000‌
8,220‌
Secured
Overnight
Financing
Rate
+
1.36%
Deutsche
Bank
AG/New
York
NY
4.47%,
12/10/2031
(e)
5,000‌
4,994‌
Secured
Overnight
Financing
Rate
+
1.10%
5.41%,
05/10/2029
6,100‌
6,341‌
6.82%,
11/20/2029
(e)
7,100‌
7,573‌
Secured
Overnight
Financing
Rate
+
2.51%
Fifth
Third
Bancorp
4.89%,
09/06/2030
(e)
3,400‌
3,459‌
Secured
Overnight
Financing
Rate
+
1.49%
Fifth
Third
Bank
NA
4.97%,
01/28/2028
(e)
2,800‌
2,824‌
Secured
Overnight
Financing
Rate
+
0.81%
Goldman
Sachs
Group
Inc/The
2.64%,
02/24/2028
(e)
8,600‌
8,477‌
Secured
Overnight
Financing
Rate
+
1.11%
4.48%,
08/23/2028
(e)
10,500‌
10,566‌
Secured
Overnight
Financing
Rate
+
1.73%
4.52%,
01/21/2032
(e)
5,000‌
4,998‌
Secured
Overnight
Financing
Rate
+
0.96%
5.21%,
01/28/2031
(e)
12,500‌
12,889‌
Secured
Overnight
Financing
Rate
+
1.08%
5.22%,
04/23/2031
(e)
12,500‌
12,876‌
Secured
Overnight
Financing
Rate
+
1.58%
5.73%,
04/25/2030
(e)
8,235‌
8,598‌
Secured
Overnight
Financing
Rate
+
1.27%
Huntington
Bancshares
Inc/OH
4.62%,
01/28/2032
(e)
12,000‌
12,020‌
Secured
Overnight
Financing
Rate
+
0.99%
JPMorgan
Chase
&
Co
1.04%,
02/04/2027
(e)
15,800‌
15,797‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.70%
4.45%,
12/05/2029
(e)
6,650‌
6,716‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.59%
4.51%,
10/22/2028
(e)
8,400‌
8,478‌
Secured
Overnight
Financing
Rate
+
0.86%
4.92%,
01/24/2029
(e)
6,000‌
6,108‌
Secured
Overnight
Financing
Rate
+
0.80%
5.57%,
04/22/2028
(e)
6,200‌
6,317‌
Secured
Overnight
Financing
Rate
+
0.93%
5.58%,
04/22/2030
(e)
6,200‌
6,460‌
Secured
Overnight
Financing
Rate
+
1.16%
Keybank
National
Association
5.85%,
11/15/2027
15,900‌
16,385‌
Mizuho
Financial
Group
Inc
4.71%,
07/08/2031
(e)
9,300‌
9,413‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.92%
Morgan
Stanley
1.59%,
05/04/2027
(e)
10,750‌
10,682‌
Secured
Overnight
Financing
Rate
+
0.88%
2.48%,
01/21/2028
(e)
6,000‌
5,915‌
Secured
Overnight
Financing
Rate
+
1.00%
4.65%,
10/18/2030
(e)
10,000‌
10,123‌
Secured
Overnight
Financing
Rate
+
1.10%
5.17%,
01/16/2030
(e)
9,350‌
9,599‌
Secured
Overnight
Financing
Rate
+
1.45%
5.23%,
01/15/2031
(e)
7,500‌
7,721‌
Secured
Overnight
Financing
Rate
+
1.11%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley
(continued)
5.65%,
04/13/2028
(e)
$
2,575‌
$
2,624‌
Secured
Overnight
Financing
Rate
+
1.01%
5.66%,
04/18/2030
(e)
6,200‌
6,456‌
Secured
Overnight
Financing
Rate
+
1.26%
Morgan
Stanley
Bank
NA
5.02%,
01/12/2029
(e)
10,500‌
10,697‌
Secured
Overnight
Financing
Rate
+
0.91%
NatWest
Group
PLC
4.95%,
11/15/2028
9,500‌
9,584‌
Secured
Overnight
Financing
Rate
+
1.30%
4.96%,
08/15/2030
(e)
9,500‌
9,699‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.22%
PNC
Bank
NA
4.54%,
05/13/2027
(e)
8,750‌
8,762‌
Secured
Overnight
Financing
Rate
+
0.63%
PNC
Financial
Services
Group
Inc/The
4.90%,
05/13/2031
(e)
8,750‌
8,936‌
Secured
Overnight
Financing
Rate
+
1.33%
5.22%,
01/29/2031
(e)
6,400‌
6,607‌
Secured
Overnight
Financing
Rate
+
1.07%
Royal
Bank
of
Canada
4.70%,
08/06/2031
(e)
11,300‌
11,445‌
Secured
Overnight
Financing
Rate
+
1.06%
Societe
Generale
SA
5.50%,
04/13/2029
(d),(e)
12,500‌
12,812‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.20%
5.51%,
05/22/2031
(d),(e)
9,300‌
9,606‌
Secured
Overnight
Financing
Rate
+
1.65%
Swedbank
AB
5.00%,
11/20/2029
(d)
8,500‌
8,770‌
Truist
Financial
Corp
1.27%,
03/02/2027
(e)
5,230‌
5,218‌
Secured
Overnight
Financing
Rate
+
0.61%
4.60%,
01/27/2032
(e)
4,600‌
4,612‌
Secured
Overnight
Financing
Rate
+
0.97%
7.16%,
10/30/2029
(e)
10,000‌
10,768‌
Secured
Overnight
Financing
Rate
+
2.45%
UBS
Group
AG
3.87%,
01/12/2029
(d),(e)
15,000‌
14,925‌
3
Month
USD
LIBOR
+
1.41%
US
Bancorp
4.48%,
01/26/2032
(e)
9,250‌
9,270‌
Secured
Overnight
Financing
Rate
+
0.87%
5.10%,
07/23/2030
(e)
4,800‌
4,944‌
Secured
Overnight
Financing
Rate
+
1.25%
5.38%,
01/23/2030
(e)
3,675‌
3,803‌
Secured
Overnight
Financing
Rate
+
1.56%
US
Bank
NA/Cincinnati
OH
4.73%,
05/15/2028
(e)
8,750‌
8,834‌
Secured
Overnight
Financing
Rate
+
0.91%
Wells
Fargo
&
Co
5.15%,
04/23/2031
(e)
9,500‌
9,782‌
Secured
Overnight
Financing
Rate
+
1.50%
5.24%,
01/24/2031
(e)
4,250‌
4,391‌
Secured
Overnight
Financing
Rate
+
1.11%
5.71%,
04/22/2028
(e)
6,200‌
6,324‌
Secured
Overnight
Financing
Rate
+
1.07%
$
543,119‌
Biotechnology
-
0
.43
%
Amgen
Inc
5.15%,
03/02/2028
9,100‌
9,315‌
Gilead
Sciences
Inc
4.80%,
11/15/2029
5,500‌
5,650‌
$
14,965‌
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
199
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Building
Materials
-
0
.26
%
Vulcan
Materials
Co
4.95%,
12/01/2029
$
9,000‌
$
9,242‌
Chemicals
-
0
.64
%
Sherwin-Williams
Co/The
4.30%,
08/15/2028
8,000‌
8,055‌
4.50%,
08/15/2030
6,500‌
6,557‌
Westlake
Corp
3.60%,
08/15/2026
7,900‌
7,878‌
$
22,490‌
Commercial
Mortgage
Backed
Securities
-
8
.97
%
1301
Trust
2025-AOA
5.06%,
08/11/2042
(d),(g)
8,400‌
8,532‌
ALA
Trust
2025-OANA
5.42%,
06/15/2040
(d)
9,300‌
9,376‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.74%
Arbor
Multifamily
Mortgage
Securities
Trust
2022-MF4
3.27%,
02/15/2055
(d),(g)
5,508‌
5,468‌
ARES
Trust
2025-IND3
5.18%,
04/15/2042
(d)
9,200‌
9,211‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.50%
BFLD
Commercial
Mortgage
Trust
2024-UNIV
5.17%,
11/15/2041
(d)
8,900‌
8,919‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.49%
BFLD
Commercial
Mortgage
Trust
2025-5MW
4.67%,
10/10/2042
(d),(g)
8,200‌
8,230‌
BFLD
Commercial
Mortgage
Trust
2025-660F
5.18%,
11/15/2042
(d)
8,750‌
8,780‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.50%
BX
2024-PALM
5.22%,
06/15/2037
(d)
10,125‌
10,131‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.54%
BX
Commercial
Mortgage
Trust
2021-ACNT
4.64%,
11/15/2038
(d)
8,278‌
8,278‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.96%
BX
Commercial
Mortgage
Trust
2024-AIRC
5.37%,
08/15/2041
(d)
14,743‌
14,776‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.69%
BX
Commercial
Mortgage
Trust
2024-GPA3
4.97%,
12/15/2039
(d)
1,525‌
1,528‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.29%
BX
Trust
2021-BXMF
4.43%,
10/15/2026
(d)
8,595‌
8,589‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.75%
BX
Trust
2021-LGCY
4.30%,
10/15/2036
(d)
10,700‌
10,697‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.62%
BX
Trust
2025-DIME
4.83%,
02/15/2035
(d)
9,400‌
9,394‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.15%
BX
Trust
2025-TAIL
5.08%,
06/15/2035
(d)
12,200‌
12,208‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.40%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
BX
Trust
2025-VOLT
5.38%,
12/15/2044
(d)
$
12,000‌
$
12,056‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.70%
CHI
Commercial
Mortgage
Trust
2025-110W
5.10%,
12/13/2040
(d),(g)
9,700‌
9,792‌
DBC
2025-DBC
Mortgage
Trust
5.03%,
11/15/2042
(d)
10,000‌
10,019‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.35%
ELP
Commercial
Mortgage
Trust
2025-ELP
4.76%,
11/13/2042
(d),(g)
10,000‌
9,980‌
GS
Mortgage
Securities
Corp
Trust
2023-SHIP
4.32%,
09/10/2038
(d),(g)
2,350‌
2,347‌
GSAT
Trust
2025-BMF
5.18%,
07/15/2040
(d)
8,800‌
8,814‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.50%
GSJP
Trust
2025-BEDS
5.18%,
12/15/2042
(d)
9,500‌
9,499‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.50%
KRE
Commercial
Mortgage
Trust
2025-AIP4
4.98%,
03/15/2042
(d)
11,773‌
11,758‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.30%
LBA
Trust
2024-7IND
5.12%,
10/15/2041
(d)
6,534‌
6,542‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.44%
Life
2022-BMR
Mortgage
Trust
4.98%,
05/15/2039
(d)
18,400‌
17,875‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.30%
MED
Commercial
Mortgage
Trust
2024-MOB
5.27%,
05/15/2041
(d)
15,000‌
14,941‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.59%
MHP
2021-STOR
4.50%,
07/15/2038
(d)
8,800‌
8,797‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.81%
NYC
Commercial
Mortgage
Trust
2025-28L
4.67%,
11/05/2038
(d),(g)
9,000‌
9,044‌
NYC
Commercial
Mortgage
Trust
2026-1PARK
0.00%,
02/15/2043
(d),(f),(h)
8,000‌
8,000‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.25%
PENN
Commercial
Mortgage
Trust
2025-P11
5.34%,
08/10/2042
(d),(g)
7,000‌
7,199‌
PRM5
Trust
2025-PRM5
4.62%,
03/10/2033
(d),(g)
5,000‌
5,002‌
SREIT
Trust
2021-MFP
4.53%,
11/15/2038
(d)
10,989‌
10,985‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.85%
TEXAS
Commercial
Mortgage
Trust
2025-TWR
4.97%,
04/15/2042
(d)
7,500‌
7,505‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.29%
WB
Commercial
Mortgage
Trust
2024-HQ
6.13%,
03/15/2040
(d),(g)
10,000‌
10,017‌
$
314,289‌
Computers
-
1
.41
%
Apple
Inc
4.00%,
05/12/2028
11,500‌
11,592‌
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
200
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Dell
International
LLC
/
EMC
Corp
4.75%,
04/01/2028
$
4,000‌
$
4,057‌
5.00%,
04/01/2030
9,250‌
9,462‌
Hewlett
Packard
Enterprise
Co
4.40%,
09/25/2027
14,500‌
14,575‌
4.55%,
10/15/2029
9,500‌
9,569‌
$
49,255‌
Diversified
Financial
Services
-
0
.48
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
4.38%,
11/15/2030
7,500‌
7,465‌
6.45%,
04/15/2027
9,127‌
9,366‌
$
16,831‌
Electric
-
5
.78
%
Alliant
Energy
Finance
LLC
1.40%,
03/15/2026
(d)
4,600‌
4,583‌
5.95%,
03/30/2029
(d)
8,800‌
9,221‌
Black
Hills
Corp
4.55%,
01/31/2031
5,750‌
5,747‌
Consumers
Energy
Co
4.90%,
02/15/2029
8,200‌
8,411‌
Dominion
Energy
Inc
4.60%,
05/15/2028
11,000‌
11,137‌
DTE
Energy
Co
3.40%,
06/15/2029
2,000‌
1,948‌
5.10%,
03/01/2029
5,000‌
5,130‌
Evergy
Kansas
Central
Inc
4.70%,
03/13/2028
4,100‌
4,154‌
Exelon
Corp
5.15%,
03/15/2029
6,330‌
6,513‌
Fortis
Inc/Canada
3.06%,
10/04/2026
14,594‌
14,494‌
NextEra
Energy
Capital
Holdings
Inc
4.69%,
09/01/2027
5,000‌
5,057‌
4.90%,
02/28/2028
3,458‌
3,521‌
4.90%,
03/15/2029
10,000‌
10,245‌
NRG
Energy
Inc
4.73%,
10/15/2030
(d)
7,100‌
7,099‌
OGE
Energy
Corp
5.45%,
05/15/2029
10,000‌
10,356‌
PacifiCorp
5.10%,
02/15/2029
9,050‌
9,261‌
Public
Service
Enterprise
Group
Inc
4.90%,
03/15/2030
4,100‌
4,192‌
5.20%,
04/01/2029
10,000‌
10,287‌
5.88%,
10/15/2028
8,000‌
8,352‌
Southern
Co/The
5.50%,
03/15/2029
10,300‌
10,698‌
Southern
Power
Co
4.25%,
10/01/2030
6,250‌
6,234‌
Southwestern
Electric
Power
Co
1.65%,
03/15/2026
11,600‌
11,569‌
Tampa
Electric
Co
4.90%,
03/01/2029
2,340‌
2,395‌
Vistra
Operations
Co
LLC
3.70%,
01/30/2027
(d)
19,500‌
19,418‌
Wisconsin
Public
Service
Corp
4.55%,
12/01/2029
5,500‌
5,588‌
Xcel
Energy
Inc
1.75%,
03/15/2027
7,000‌
6,829‌
$
202,439‌
Electronics
-
0
.18
%
Tyco
Electronics
Group
SA
4.50%,
02/09/2031
6,400‌
6,459‌
Environmental
Control
-
0
.26
%
Republic
Services
Inc
4.75%,
07/15/2030
9,000‌
9,201‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
-
0
.46
%
Mars
Inc
4.60%,
03/01/2028
(d)
$
6,300‌
$
6,384‌
4.80%,
03/01/2030
(d)
9,400‌
9,604‌
$
15,988‌
Gas
-
0
.08
%
NiSource
Inc
5.25%,
03/30/2028
2,700‌
2,768‌
Healthcare
-
Products
-
0
.11
%
Solventum
Corp
5.40%,
03/01/2029
3,877‌
4,018‌
Healthcare
-
Services
-
1
.29
%
Centene
Corp
4.25%,
12/15/2027
16,500‌
16,402‌
Cigna
Group/The
1.25%,
03/15/2026
3,534‌
3,523‌
HCA
Inc
4.30%,
11/15/2030
2,000‌
1,988‌
5.25%,
06/15/2026
20,000‌
20,021‌
5.88%,
02/01/2029
3,000‌
3,126‌
$
45,060‌
Home
Equity
Asset
Backed
Securities
-
2
.75
%
JP
Morgan
Mortgage
Trust
2023-HE1
5.45%,
11/25/2053
(d)
1,106‌
1,109‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.75%
JP
Morgan
Mortgage
Trust
2023-HE2
5.40%,
03/20/2054
(d)
4,986‌
5,004‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.70%
JP
Morgan
Mortgage
Trust
2023-HE3
5.30%,
05/20/2054
(d)
3,706‌
3,720‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.60%
JP
Morgan
Mortgage
Trust
2025-HE3
5.05%,
03/20/2056
(d)
11,229‌
11,277‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.35%
JP
Morgan
Mortgage
Trust
2026-CES1
4.91%,
06/25/2056
(d),(g)
12,500‌
12,509‌
JP
Morgan
Mortgage
Trust
Series
2024-CES1
5.92%,
06/25/2054
(d),(g)
6,705‌
6,770‌
JP
Morgan
Mortgage
Trust
Series
2024-HE3
4.90%,
02/25/2055
(d)
8,501‌
8,512‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.20%
JP
Morgan
Mortgage
Trust
Series
2025-CES1
5.67%,
05/25/2055
(d),(g)
6,665‌
6,744‌
JP
Morgan
Mortgage
Trust
Series
2025-CES2
5.59%,
06/25/2055
(d),(g)
11,312‌
11,440‌
JP
Morgan
Mortgage
Trust
Series
2025-CES7
5.06%,
04/25/2056
(d),(g)
9,237‌
9,289‌
JP
Morgan
Mortgage
Trust
Series
2025-HE1
4.85%,
07/20/2055
(d)
20,164‌
20,164‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.15%
$
96,538‌
Insurance
-
2
.08
%
Aon
North
America
Inc
5.15%,
03/01/2029
14,000‌
14,415‌
Arthur
J
Gallagher
&
Co
4.85%,
12/15/2029
4,200‌
4,297‌
Brown
&
Brown
Inc
4.90%,
06/23/2030
(i)
3,700‌
3,755‌
Guardian
Life
Global
Funding
4.40%,
12/11/2030
(d)
9,400‌
9,419‌
Markel
Group
Inc
3.50%,
11/01/2027
4,719‌
4,680‌
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
201
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
New
York
Life
Global
Funding
4.60%,
12/05/2029
(d)
$
4,800‌
$
4,881‌
4.60%,
06/03/2030
(d)
9,350‌
9,494‌
Northwestern
Mutual
Global
Funding
4.96%,
01/13/2030
(d)
12,200‌
12,500‌
5.07%,
03/25/2027
(d)
9,500‌
9,624‌
$
73,065‌
Internet
-
0
.93
%
Alphabet
Inc
3.88%,
11/15/2028
4,500‌
4,521‌
4.10%,
11/15/2030
7,250‌
7,256‌
eBay
Inc
1.40%,
05/10/2026
13,530‌
13,440‌
4.25%,
03/06/2029
7,500‌
7,530‌
$
32,747‌
Machinery
-
Diversified
-
0
.29
%
Ingersoll
Rand
Inc
5.20%,
06/15/2027
6,000‌
6,093‌
Westinghouse
Air
Brake
Technologies
Corp
4.90%,
05/29/2030
3,850‌
3,934‌
$
10,027‌
Media
-
0
.45
%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
6.10%,
06/01/2029
15,000‌
15,672‌
Mining
-
0
.18
%
Glencore
Funding
LLC
5.19%,
04/01/2030
(d)
6,000‌
6,177‌
Mortgage
Backed
Securities
-
3
.10
%
Chase
Home
Lending
Mortgage
Trust
2025-3
5.50%,
02/25/2056
(d),(g)
7,049‌
7,087‌
Chase
Home
Lending
Mortgage
Trust
Series
2024-2
6.50%,
02/25/2055
(d),(g)
4,554‌
4,606‌
CHL
Mortgage
Pass-Through
Trust
2003-46
5.77%,
01/19/2034
(g)
91‌
90‌
Credit
Suisse
First
Boston
Mortgage
Securities
Corp
5.00%,
01/25/2038
3‌
2‌
GS
Mortgage-Backed
Securities
Corp
Trust
2021-PJ3
2.50%,
08/25/2051
(d),(g)
2,875‌
2,610‌
JP
Morgan
Mortgage
Trust
2004-A3
6.45%,
07/25/2034
(g)
69‌
67‌
JP
Morgan
Mortgage
Trust
2004-S1
5.00%,
09/25/2034
72‌
68‌
JP
Morgan
Mortgage
Trust
2021-1
2.50%,
06/25/2051
(d),(g)
8,958‌
8,324‌
JP
Morgan
Mortgage
Trust
2023-10
6.00%,
05/25/2054
(d),(g)
361‌
362‌
JP
Morgan
Mortgage
Trust
2023-8
6.00%,
02/25/2054
(d),(g)
4,871‌
4,929‌
JP
Morgan
Mortgage
Trust
2025-1
6.00%,
06/25/2055
(d),(g)
1,586‌
1,603‌
Metlife
Securitization
Trust
2019-1
3.75%,
04/25/2058
(d),(g)
667‌
661‌
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2020-1
2.50%,
12/25/2050
(d),(g)
3,542‌
3,269‌
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2025-1
5.50%,
03/25/2055
(d),(g)
5,585‌
5,604‌
Oceanview
Mortgage
Trust
2021-3
2.50%,
06/25/2051
(d),(g)
9,367‌
8,479‌
PHH
Mortgage
Trust
Series
2008-CIM1
6.06%,
06/25/2038
402‌
371‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.36%
PSMC
2021-3
Trust
2.50%,
08/25/2051
(d),(g)
8,313‌
7,572‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Sequoia
Mortgage
Trust
2020-4
2.50%,
11/25/2050
(d),(g)
$
5,648‌
$
5,294‌
Sequoia
Mortgage
Trust
2021-3
2.50%,
05/25/2051
(d),(g)
15,350‌
13,910‌
Sequoia
Mortgage
Trust
2021-4
2.50%,
06/25/2051
(d),(g)
15,323‌
13,885‌
Sequoia
Mortgage
Trust
2024-1
5.66%,
01/25/2054
(d),(g)
851‌
850‌
Sequoia
Mortgage
Trust
2024-2
6.00%,
03/25/2054
(d),(g)
1,155‌
1,157‌
Sequoia
Mortgage
Trust
2024-4
6.00%,
05/25/2054
(d),(g)
5,612‌
5,665‌
Sequoia
Mortgage
Trust
2025-1
6.00%,
01/25/2055
(d),(g)
1,982‌
1,989‌
Sequoia
Mortgage
Trust
2025-S2
4.00%,
11/25/2055
(d),(g)
1,981‌
1,908‌
Wells
Fargo
Mortgage
Backed
Securities
2020-3
Trust
3.00%,
06/25/2050
(d),(g)
84‌
84‌
Wells
Fargo
Mortgage
Backed
Securities
2020-4
Trust
3.00%,
07/25/2050
(d),(g)
4,085‌
3,601‌
Wells
Fargo
Mortgage
Backed
Securities
2020-5
Trust
2.50%,
09/25/2050
(d),(g)
3,549‌
3,322‌
Wells
Fargo
Mortgage
Backed
Securities
2021-1
Trust
2.50%,
12/25/2050
(d),(g)
1,522‌
1,399‌
$
108,768‌
Office
&
Business
Equipment
-
0
.31
%
CDW
LLC
/
CDW
Finance
Corp
2.67%,
12/01/2026
11,000‌
10,872‌
Oil
&
Gas
-
0
.95
%
Canadian
Natural
Resources
Ltd
5.00%,
12/15/2029
4,800‌
4,930‌
Diamondback
Energy
Inc
5.15%,
01/30/2030
7,500‌
7,712‌
5.20%,
04/18/2027
8,150‌
8,263‌
EOG
Resources
Inc
4.40%,
07/15/2028
4,600‌
4,654‌
Shell
Finance
US
Inc
4.13%,
11/06/2030
7,800‌
7,788‌
$
33,347‌
Oil
&
Gas
Services
-
0
.37
%
Schlumberger
Holdings
Corp
5.00%,
05/29/2027
(d)
6,400‌
6,480‌
5.00%,
11/15/2029
(d)
6,400‌
6,564‌
$
13,044‌
Other
Asset
Backed
Securities
-
9
.74
%
1988
CLO
2
Ltd
4.87%,
04/15/2038
(d)
12,500‌
12,494‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.20%
1988
CLO
3
Ltd
4.92%,
10/15/2038
(d)
9,500‌
9,502‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.25%
37
Capital
CLO
II
4.96%,
07/15/2034
(d)
10,000‌
10,013‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.29%
720
East
CLO
V
Ltd
5.20%,
07/20/2037
(d)
5,500‌
5,514‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.53%
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
202
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
AB
BSL
CLO
4
Ltd
4.97%,
04/20/2038
(d)
$
9,500‌
$
9,531‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.30%
Ares
LIV
CLO
Ltd
4.98%,
07/15/2038
(d)
4,500‌
4,517‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.31%
Bardot
CLO
Ltd
4.65%,
10/22/2032
(d)
8,983‌
8,987‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.98%
CCG
Receivables
Trust
2024-1
4.99%,
03/15/2032
(d)
2,746‌
2,770‌
CCG
Receivables
Trust
2025-2
4.12%,
10/14/2026
(d)
2,987‌
2,989‌
4.14%,
08/15/2034
(d)
6,250‌
6,263‌
Cerberus
Loan
Funding
XXIV
LP
5.02%,
07/15/2030
(d)
7,067‌
7,070‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.35%
CF
Hippolyta
Issuer
LLC
1.53%,
03/15/2061
(d)
20,578‌
16,688‌
1.69%,
07/15/2060
(d)
13,149‌
11,049‌
CNH
Equipment
Trust
2024-B
5.42%,
10/15/2027
361‌
361‌
Dell
Equipment
Finance
Trust
2025-2
4.10%,
02/22/2028
(d)
6,350‌
6,366‌
Dewolf
Park
CLO
Ltd
4.85%,
10/15/2030
(d)
1,052‌
1,052‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.18%
DLLAA
2025-1
LLC
4.70%,
10/20/2027
(d)
5,692‌
5,712‌
Dllad
2024-1
LLC
5.50%,
08/20/2027
(d)
1,884‌
1,891‌
DLLAD
2025-1
LLC
4.46%,
11/20/2028
(d)
12,300‌
12,369‌
Empower
CLO
2025-1
Ltd
4.98%,
07/20/2038
(d)
12,600‌
12,629‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.31%
GreatAmerica
Leasing
Receivables
Funding
LLC
Series
2024-1
5.32%,
08/17/2026
(d)
289‌
289‌
Lake
Shore
MM
CLO
II
Ltd
5.07%,
10/17/2031
(d)
3,284‌
3,284‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.40%
Madison
Park
Funding
XL-R
Ltd
5.12%,
10/16/2038
(d)
12,750‌
12,810‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.29%
Magnetite
XLVII
Ltd
5.00%,
01/25/2038
(d)
6,250‌
6,263‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.33%
Maranon
Loan
Funding
2021-3
Ltd
5.42%,
10/15/2036
(d)
6,300‌
6,316‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
MVW
2021-1W
LLC
1.14%,
01/22/2041
(d)
1,161‌
1,127‌
MVW
2023-2
LLC
6.18%,
11/20/2040
(d)
4,519‌
4,641‌
MVW
2024-2
LLC
4.43%,
03/20/2042
(d)
11,472‌
11,490‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
Navesink
CLO
2
Ltd
4.86%,
01/15/2036
(d)
$
6,250‌
$
6,250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.19%
New
Mountain
CLO
6
Ltd
5.07%,
10/15/2037
(d)
6,300‌
6,317‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.40%
New
Mountain
CLO
7
Ltd
4.87%,
03/31/2038
(d)
9,500‌
9,521‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.20%
Oaktree
CLO
2019-4
Ltd
5.18%,
07/20/2037
(d)
19,000‌
19,034‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
Oaktree
CLO
2024-25
Ltd
5.22%,
04/20/2037
(d)
6,300‌
6,306‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.55%
PFS
Financing
Corp
4.85%,
02/15/2030
(d)
12,550‌
12,757‌
4.95%,
02/15/2029
(d)
13,350‌
13,491‌
5.52%,
10/15/2028
(d)
4,500‌
4,548‌
Signal
Peak
CLO
11
Ltd
5.12%,
07/18/2037
(d)
6,250‌
6,263‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.45%
T-Mobile
US
Trust
2025-2
4.34%,
04/22/2030
(d)
13,000‌
13,100‌
Trafigura
Securitisation
Finance
PLC
5.98%,
11/15/2027
(d)
15,000‌
15,177‌
Verizon
Master
Trust
4.17%,
08/20/2030
5,500‌
5,532‌
4.35%,
08/20/2032
(d)
5,500‌
5,550‌
4.62%,
11/20/2030
9,700‌
9,832‌
5.16%,
06/20/2029
13,800‌
13,866‌
$
341,531‌
Packaging
&
Containers
-
0
.57
%
Graphic
Packaging
International
LLC
1.51%,
04/15/2026
(d)
9,800‌
9,735‌
Smurfit
Kappa
Treasury
ULC
5.20%,
01/15/2030
10,000‌
10,298‌
$
20,033‌
Pharmaceuticals
-
2
.10
%
AbbVie
Inc
4.80%,
03/15/2029
10,000‌
10,245‌
Astrazeneca
Finance
LLC
4.85%,
02/26/2029
9,400‌
9,645‌
Eli
Lilly
&
Co
4.50%,
02/09/2029
10,000‌
10,185‌
4.55%,
02/12/2028
6,250‌
6,353‌
4.75%,
02/12/2030
4,300‌
4,415‌
Novartis
Capital
Corp
3.90%,
11/05/2028
7,250‌
7,272‌
4.10%,
11/05/2030
7,500‌
7,500‌
Pfizer
Inc
3.88%,
11/15/2027
9,000‌
9,030‌
4.20%,
11/15/2030
9,000‌
9,022‌
$
73,667‌
Pipelines
-
2
.98
%
Columbia
Pipelines
Holding
Co
LLC
6.04%,
08/15/2028
(d)
11,350‌
11,822‌
6.06%,
08/15/2026
(d)
3,450‌
3,479‌
Enbridge
Inc
5.30%,
04/05/2029
3,850‌
3,972‌
5.90%,
11/15/2026
11,275‌
11,434‌
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
203
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Energy
Transfer
LP
4.40%,
03/15/2027
$
5,250‌
$
5,268‌
5.55%,
02/15/2028
10,000‌
10,284‌
Kinder
Morgan
Inc
5.00%,
02/01/2029
10,000‌
10,262‌
5.10%,
08/01/2029
6,000‌
6,180‌
ONEOK
Inc
4.25%,
09/24/2027
11,700‌
11,742‌
4.40%,
10/15/2029
7,900‌
7,921‌
5.55%,
11/01/2026
6,000‌
6,063‌
Williams
Cos
Inc/The
4.63%,
06/30/2030
8,750‌
8,844‌
5.40%,
03/02/2026
7,000‌
7,010‌
$
104,281‌
REITs
-
2
.42
%
American
Homes
4
Rent
LP
4.95%,
06/15/2030
5,998‌
6,076‌
American
Tower
Trust
#1
3.65%,
03/15/2048
(d)
6,300‌
6,244‌
5.49%,
03/15/2053
(d)
11,585‌
11,782‌
Omega
Healthcare
Investors
Inc
5.20%,
07/01/2030
6,000‌
6,101‌
Public
Storage
Operating
Co
4.35%,
04/16/2027
9,550‌
9,583‌
Secured
Overnight
Financing
Rate
+
0.70%
4.38%,
07/01/2030
9,250‌
9,332‌
SBA
Tower
Trust
1.63%,
05/15/2051
(d)
19,400‌
19,030‌
2.33%,
07/15/2052
(d)
2,800‌
2,692‌
Welltower
OP
LLC
4.50%,
07/01/2030
14,000‌
14,140‌
$
84,980‌
Semiconductors
-
1
.42
%
Advanced
Micro
Devices
Inc
4.21%,
09/24/2026
6,300‌
6,318‌
4.32%,
03/24/2028
6,300‌
6,374‌
Broadcom
Inc
4.60%,
07/15/2030
9,500‌
9,633‌
5.05%,
07/12/2029
7,400‌
7,624‌
Marvell
Technology
Inc
4.75%,
07/15/2030
9,500‌
9,617‌
Texas
Instruments
Inc
4.60%,
02/08/2029
(i)
10,000‌
10,223‌
$
49,789‌
Software
-
1
.27
%
Oracle
Corp
4.20%,
09/27/2029
9,300‌
9,149‌
4.80%,
08/03/2028
9,400‌
9,465‌
Roper
Technologies
Inc
4.50%,
10/15/2029
7,400‌
7,475‌
Take-Two
Interactive
Software
Inc
4.95%,
03/28/2028
10,700‌
10,902‌
5.40%,
06/12/2029
7,400‌
7,665‌
$
44,656‌
Student
Loan
Asset
Backed
Securities
-
3
.96
%
Commonbond
Student
Loan
Trust
2018-BGS
3.56%,
09/25/2045
(d)
1,484‌
1,432‌
Commonbond
Student
Loan
Trust
2018-C-GS
3.87%,
02/25/2046
(d)
1,873‌
1,826‌
Commonbond
Student
Loan
Trust
2019-A-GS
2.54%,
01/25/2047
(d)
3,723‌
3,429‌
Commonbond
Student
Loan
Trust
2020-A-GS
1.98%,
08/25/2050
(d)
1,556‌
1,401‌
Commonbond
Student
Loan
Trust
2021-A-GS
1.20%,
03/25/2052
(d)
7,196‌
6,172‌
Commonbond
Student
Loan
Trust
2021-B-GS
1.17%,
09/25/2051
(d)
2,257‌
1,977‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Student
Loan
Asset
Backed
Securities
(continued)
EDvestinU
Private
Education
Loan
Issue
No
3
LLC
1.80%,
11/25/2045
(d)
$
4,758‌
$
4,468‌
ELFI
Graduate
Loan
Program
2024-A
LLC
5.56%,
08/25/2049
(d)
3,505‌
3,572‌
Navient
Education
Loan
Trust
2025-A
5.02%,
07/15/2055
(d)
4,438‌
4,487‌
Navient
Private
Education
Refi
Loan
Trust
2019-A
3.42%,
01/15/2043
(d)
163‌
162‌
Navient
Private
Education
Refi
Loan
Trust
2019-G
2.40%,
10/15/2068
(d)
1,653‌
1,615‌
Navient
Private
Education
Refi
Loan
Trust
2020-D
1.69%,
05/15/2069
(d)
2,433‌
2,328‌
Navient
Private
Education
Refi
Loan
Trust
2020-F
1.22%,
07/15/2069
(d)
1,591‌
1,511‌
Navient
Private
Education
Refi
Loan
Trust
2020-G
1.17%,
09/16/2069
(d)
1,770‌
1,671‌
Navient
Private
Education
Refi
Loan
Trust
2020-H
1.31%,
01/15/2069
(d)
2,250‌
2,146‌
Navient
Private
Education
Refi
Loan
Trust
2021-A
0.84%,
05/15/2069
(d)
2,460‌
2,271‌
Navient
Private
Education
Refi
Loan
Trust
2021-B
0.94%,
07/15/2069
(d)
5,542‌
5,082‌
Navient
Private
Education
Refi
Loan
Trust
2021-C
1.06%,
10/15/2069
(d)
5,317‌
4,896‌
Navient
Private
Education
Refi
Loan
Trust
2021-E
0.97%,
12/16/2069
(d)
7,913‌
7,183‌
Navient
Private
Education
Refi
Loan
Trust
2021-F
1.11%,
02/18/2070
(d)
3,450‌
3,108‌
Navient
Private
Education
Refi
Loan
Trust
2022-A
2.23%,
07/15/2070
(d)
3,237‌
2,977‌
Navient
Private
Education
Refi
Loan
Trust
2023-A
5.51%,
10/15/2071
(d)
1,886‌
1,934‌
Navient
Private
Education
Refi
Loan
Trust
2024-A
5.66%,
10/15/2072
(d)
7,210‌
7,389‌
Navient
Refinance
Loan
Trust
2025-B
4.72%,
09/15/2055
(d)
11,654‌
11,662‌
Nelnet
Student
Loan
Trust
2021-A
1.36%,
04/20/2062
(d)
10,984‌
10,480‌
Nelnet
Student
Loan
Trust
2021-C
1.32%,
04/20/2062
(d)
3,846‌
3,625‌
Nelnet
Student
Loan
Trust
2021-D
1.63%,
04/20/2062
(d)
5,256‌
5,018‌
SLM
Private
Credit
Student
Loan
Trust
2004-A
4.38%,
06/15/2033
104‌
104‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.66%
SLM
Private
Credit
Student
Loan
Trust
2006-A
4.27%,
06/15/2039
7,851‌
7,578‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.55%
SLM
Private
Credit
Student
Loan
Trust
2006-B
4.18%,
12/15/2039
4,459‌
4,376‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.46%
SMB
Private
Education
Loan
Trust
2021-A
1.07%,
01/15/2053
(d)
4,665‌
4,272‌
SMB
Private
Education
Loan
Trust
2021-B
1.31%,
07/17/2051
(d)
6,662‌
6,316‌
SMB
Private
Education
Loan
Trust
2021-E
1.68%,
02/15/2051
(d)
6,579‌
6,267‌
SMB
Private
Education
Loan
Trust
2022-C
4.48%,
05/16/2050
(d)
6,141‌
6,118‌
$
138,853‌
Telecommunications
-
1
.54
%
AT&T
Inc
1.70%,
03/25/2026
9,400‌
9,371‌
4.70%,
08/15/2030
(i)
9,000‌
9,147‌
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
204
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Cisco
Systems
Inc
4.75%,
02/24/2030
$
9,400‌
$
9,651‌
4.85%,
02/26/2029
10,000‌
10,256‌
Crown
Castle
Towers
LLC
4.24%,
07/15/2048
(d)
1,650‌
1,648‌
NTT
Finance
Corp
4.62%,
07/16/2028
(d)
9,300‌
9,422‌
Sprint
Spectrum
Co
LLC
/
Sprint
Spectrum
Co
II
LLC
/
Sprint
Spectrum
Co
III
LLC
5.15%,
09/20/2029
(d)
4,275‌
4,307‌
$
53,802‌
Transportation
-
0
.31
%
Ryder
System
Inc
1.75%,
09/01/2026
11,000‌
10,858‌
TOTAL
BONDS
$
2,832,467‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
14
.77
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
0
.00
%
6.24%,
09/01/2035
$
9‌
$
10‌
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.25%
Federal
National
Mortgage
Association
(FNMA)
-
0
.00
%
5.92%,
11/01/2032
3‌
3‌
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.29%
6.02%,
12/01/2032
5‌
5‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.64%
6.10%,
02/01/2037
14‌
15‌
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.00%
6.14%,
07/01/2034
10‌
10‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.56%
6.26%,
02/01/2035
1‌
1‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
6-Month
+
2.01%
6.37%,
08/01/2034
6‌
6‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.63%
6.42%,
10/01/2035
30‌
31‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.68%
6.44%,
07/01/2034
1‌
2‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.64%
6.75%,
01/01/2035
3‌
3‌
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.75%
$
76‌
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
0
.00
%
7.50%,
10/01/2029
1‌
1‌
U.S.
Treasury
-
14
.77
%
3.25%,
06/30/2029
179,000‌
176,686‌
3.63%,
12/31/2030
24,000‌
23,811‌
3.88%,
07/31/2027
20,000‌
20,098‌
4.00%,
01/15/2027
117,600‌
118,081‌
4.13%,
08/31/2030
12,000‌
12,171‌
4.50%,
07/15/2026
166,400‌
167,036‌
$
517,883‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
517,970‌
Total
Investments
$
3,514,481‌
Other
Assets
and
Liabilities
-  (0.25)%
(
8,936‌
)
TOTAL
NET
ASSETS
-
100.00%
$
3,505,545‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$8,052
or
0.23%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,350,318
or
38.52%
of
net
assets.
(e)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(f)
Security
purchased
on
a
when-issued
basis.
(g)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(h)
Non-income
producing
security
(i)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$7,720
or
0.22%
of
net
assets.
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
205
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
179,090‌
$
408,911‌
$
424,769‌
$
163,232‌
$
179,090‌
$
408,911‌
$
424,769‌
$
163,232‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
1,340‌
$
—‌
$
—‌
$
—‌
$
1,340‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
SmallCap
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
206
INVESTMENT
COMPANIES
-
2
.23
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.23
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
2,267,527‌
$
2,267‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
49,075,564‌
49,076‌
$
51,343‌
TOTAL
INVESTMENT
COMPANIES
$
51,343‌
COMMON
STOCKS
-
98
.92
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
2
.70
%
AAR
Corp
(d)
211,600‌
$
22,411‌
Curtiss-Wright
Corp
39,600‌
26,005‌
Kratos
Defense
&
Security
Solutions
Inc
(d)
133,700‌
13,772‌
$
62,188‌
Agriculture
-
1
.85
%
Darling
Ingredients
Inc
(d)
387,500‌
17,693‌
Vital
Farms
Inc
(d)
874,500‌
24,880‌
$
42,573‌
Automobile
Parts
&
Equipment
-
0
.49
%
Visteon
Corp
123,800‌
11,248‌
Banks
-
9
.36
%
Ameris
Bancorp
315,700‌
25,452‌
First
Horizon
Corp
1,324,400‌
32,434‌
FNB
Corp/PA
1,473,796‌
25,865‌
Independent
Bank
Corp/MI
144,200‌
5,069‌
National
Bank
Holdings
Corp
192,200‌
7,723‌
Old
National
Bancorp/IN
260,000‌
6,352‌
Popular
Inc
182,800‌
24,409‌
UMB
Financial
Corp
286,500‌
36,426‌
Webster
Financial
Corp
385,022‌
25,323‌
Wintrust
Financial
Corp
178,300‌
26,297‌
$
215,350‌
Biotechnology
-
9
.74
%
Alumis
Inc
(d)
481,900‌
11,811‌
Axsome
Therapeutics
Inc
(d)
158,600‌
29,222‌
Bicycle
Therapeutics
PLC
ADR
(d)
567,800‌
3,645‌
Bridgebio
Pharma
Inc
(d)
484,700‌
37,453‌
Cytokinetics
Inc
(d)
368,700‌
23,298‌
Denali
Therapeutics
Inc
(d)
669,400‌
14,553‌
Immunocore
Holdings
PLC
ADR
(d),(e)
322,500‌
10,497‌
Immunome
Inc
(d)
629,600‌
15,501‌
Insmed
Inc
(d)
288,000‌
45,179‌
Structure
Therapeutics
Inc
ADR
(d)
272,200‌
24,076‌
Viking
Therapeutics
Inc
(d)
298,800‌
8,677‌
$
223,912‌
Building
Materials
-
4
.56
%
Louisiana-Pacific
Corp
104,000‌
8,709‌
Modine
Manufacturing
Co
(d)
286,400‌
52,887‌
SPX
Technologies
Inc
(d)
129,660‌
27,022‌
Trex
Co
Inc
(d)
393,100‌
16,282‌
$
104,900‌
Chemicals
-
0
.95
%
Ingevity
Corp
(d)
221,800‌
14,592‌
Perimeter
Solutions
Inc
(d)
273,300‌
7,147‌
$
21,739‌
Commercial
Services
-
3
.19
%
BOYD
GROUP
INC
69,900‌
11,508‌
Huron
Consulting
Group
Inc
(d)
199,600‌
33,733‌
Stride
Inc
(d)
333,300‌
28,197‌
$
73,438‌
Computers
-
2
.19
%
Netskope
Inc
(d),(e)
878,800‌
13,050‌
Parsons
Corp
(d)
259,700‌
18,195‌
Varonis
Systems
Inc
(d)
643,700‌
19,208‌
$
50,453‌
Distribution
&
Wholesale
-
1
.65
%
WESCO
International
Inc
131,000‌
37,915‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
-
4
.71
%
Hamilton
Lane
Inc
162,600‌
$
22,966‌
Jefferson
Capital
Inc
623,360‌
13,321‌
Lazard
Inc
562,300‌
30,207‌
OneMain
Holdings
Inc
232,400‌
15,231‌
Stifel
Financial
Corp
216,000‌
26,633‌
$
108,358‌
Electric
-
0
.95
%
Algonquin
Power
&
Utilities
Corp
3,336,000‌
21,851‌
Electrical
Components
&
Equipment
-
1
.30
%
EnerSys
165,707‌
29,859‌
Electronics
-
2
.95
%
Advanced
Energy
Industries
Inc
180,000‌
45,965‌
TD
SYNNEX
Corp
138,377‌
21,956‌
$
67,921‌
Engineering
&
Construction
-
5
.03
%
Dycom
Industries
Inc
(d)
82,000‌
29,880‌
MYR
Group
Inc
(d)
127,000‌
31,755‌
Sterling
Infrastructure
Inc
(d)
109,600‌
39,227‌
Tutor
Perini
Corp
187,600‌
14,800‌
$
115,662‌
Entertainment
-
0
.91
%
TKO
Group
Holdings
Inc
103,300‌
20,926‌
Environmental
Control
-
0
.58
%
Montrose
Environmental
Group
Inc
(d)
594,200‌
13,239‌
Food
-
0
.75
%
Performance
Food
Group
Co
(d)
180,718‌
17,250‌
Gas
-
1
.54
%
Southwest
Gas
Holdings
Inc
426,200‌
35,298‌
Healthcare
-
Products
-
3
.17
%
Adaptive
Biotechnologies
Corp
(d)
501,600‌
9,280‌
Castle
Biosciences
Inc
(d)
809,738‌
31,895‌
Natera
Inc
(d)
137,700‌
31,828‌
$
73,003‌
Healthcare
-
Services
-
3
.35
%
Addus
HomeCare
Corp
(d)
150,500‌
15,574‌
LifeStance
Health
Group
Inc
(d)
1,297,600‌
9,174‌
Lumexa
Imaging
Holdings
Inc
(d)
313,360‌
3,839‌
Privia
Health
Group
Inc
(d)
963,839‌
22,380‌
RadNet
Inc
(d)
371,200‌
26,021‌
$
76,988‌
Home
Builders
-
1
.92
%
LCI
Industries
101,600‌
14,904‌
Taylor
Morrison
Home
Corp
(d)
479,000‌
29,195‌
$
44,099‌
Insurance
-
2
.81
%
CNO
Financial
Group
Inc
491,166‌
20,653‌
Essent
Group
Ltd
257,900‌
16,227‌
Lincoln
National
Corp
668,900‌
27,833‌
$
64,713‌
Internet
-
0
.38
%
Lyft
Inc
(d)
515,500‌
8,696‌
Investment
Companies
-
0
.49
%
Riot
Platforms
Inc
(d)
730,400‌
11,299‌
Iron
&
Steel
-
1
.51
%
Commercial
Metals
Co
451,200‌
34,684‌
Leisure
Products
&
Services
-
2
.51
%
Callaway
Golf
Co
(d)
1,452,700‌
20,846‌
Life
Time
Group
Holdings
Inc
(d)
861,000‌
25,116‌
Lindblad
Expeditions
Holdings
Inc
(d)
704,200‌
11,739‌
$
57,701‌
Machinery
-
Diversified
-
1
.22
%
Mueller
Water
Products
Inc
-
Class
A
1,034,600‌
28,007‌
Mining
-
0
.70
%
MP
Materials
Corp
(d)
155,400‌
9,133‌
OR
Royalties
Inc
173,800‌
6,854‌
$
15,987‌
Schedule
of
Investments
SmallCap
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
207
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Miscellaneous
Manufacturers
-
1
.42
%
Entegris
Inc
122,840‌
$
14,504‌
Fabrinet
(d)
37,251‌
18,232‌
$
32,736‌
Oil
&
Gas
-
2
.88
%
Chord
Energy
Corp
114,400‌
11,467‌
Gulfport
Energy
Corp
(d)
148,000‌
30,217‌
Patterson-UTI
Energy
Inc
3,246,430‌
24,446‌
$
66,130‌
Oil
&
Gas
Services
-
2
.09
%
Helix
Energy
Solutions
Group
Inc
(d)
1,818,000‌
14,435‌
Solaris
Energy
Infrastructure
Inc
608,500‌
33,583‌
$
48,018‌
Pharmaceuticals
-
2
.45
%
Abivax
SA
ADR
(d)
125,200‌
13,916‌
AdaptHealth
Corp
(d)
717,000‌
7,206‌
BellRing
Brands
Inc
(d)
445,100‌
11,069‌
Collegium
Pharmaceutical
Inc
(d)
526,800‌
24,191‌
$
56,382‌
Pipelines
-
0
.61
%
Kinetik
Holdings
Inc
(e)
340,100‌
13,913‌
Real
Estate
-
0
.83
%
Newmark
Group
Inc
1,076,700‌
19,198‌
REITs
-
4
.82
%
American
Healthcare
REIT
Inc
237,800‌
11,155‌
American
Homes
4
Rent
546,100‌
17,104‌
Cousins
Properties
Inc
658,100‌
16,610‌
InvenTrust
Properties
Corp
587,100‌
17,255‌
Ladder
Capital
Corp
642,800‌
7,052‌
Rexford
Industrial
Realty
Inc
533,200‌
21,611‌
Sabra
Health
Care
REIT
Inc
1,069,100‌
20,024‌
$
110,811‌
Retail
-
2
.03
%
American
Eagle
Outfitters
Inc
83,929‌
1,956‌
BJ's
Wholesale
Club
Holdings
Inc
(d)
126,651‌
11,708‌
Boot
Barn
Holdings
Inc
(d)
112,600‌
20,097‌
Cava
Group
Inc
(d)
213,000‌
12,912‌
$
46,673‌
Semiconductors
-
2
.73
%
Allegro
MicroSystems
Inc
(d)
647,100‌
23,884‌
SiTime
Corp
(d)
107,400‌
38,998‌
$
62,882‌
Software
-
3
.42
%
Agilysys
Inc
(d)
163,300‌
14,166‌
JFrog
Ltd
(d)
493,900‌
27,066‌
ServiceTitan
Inc
(d)
179,600‌
14,070‌
Sophia
Genetics
SA
(d)
689,000‌
3,617‌
Vertex
Inc
(d)
623,126‌
11,559‌
Via
Transportation
Inc
(d),(e)
352,000‌
8,184‌
$
78,662‌
Telecommunications
-
1
.47
%
Credo
Technology
Group
Holding
Ltd
(d)
269,595‌
33,775‌
Transportation
-
0
.71
%
ArcBest
Corp
179,900‌
16,231‌
TOTAL
COMMON
STOCKS
$
2,274,668‌
Total
Investments
$
2,326,011‌
Other
Assets
and
Liabilities
-  (1.15)%
(
26,460‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,299,551‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$27,587
or
1.20%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$26,530
or
1.15%
of
net
assets.
Schedule
of
Investments
SmallCap
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
208
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
52,827‌
$
316,447‌
$
320,198‌
$
49,076‌
$
52,827‌
$
316,447‌
$
320,198‌
$
49,076‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
234‌
$
—‌
$
—‌
$
—‌
$
234‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
209
INVESTMENT
COMPANIES
-
3
.74
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.16
%
iShares
Russell
2000
Growth
ETF
(a)
10,500‌
$
3,531‌
Money
Market
Funds
-
3
.58
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(b),(c)
4,946,647‌
4,947‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(b),(c),(d)
74,396,010‌
74,396‌
$
79,343‌
TOTAL
INVESTMENT
COMPANIES
$
82,874‌
COMMON
STOCKS
-
98
.30
%
Shares
Held
Value
(000's)
Advertising
-
0
.00
%
Boston
Omaha
Corp
(a),(e)
83‌
$
1‌
Stagwell
Inc
(e)
11,472‌
69‌
TechTarget
Inc
(e)
186‌
1‌
$
71‌
Aerospace
&
Defense
-
6
.32
%
AAR
Corp
(e)
100,083‌
10,600‌
AeroVironment
Inc
(e)
85,671‌
23,850‌
AIRO
Group
Holdings
Inc
(a),(e)
587‌
6‌
Amprius
Technologies
Inc
(e)
11,318‌
141‌
Archer
Aviation
Inc
(e)
64,696‌
465‌
Astronics
Corp
(e)
87,405‌
6,621‌
ATI
Inc
(e)
69,716‌
8,387‌
Curtiss-Wright
Corp
15,761‌
10,350‌
Eve
Holding
Inc
(a),(e)
9,828‌
39‌
Firefly
Aerospace
Inc
(a),(e)
1,387‌
35‌
Intuitive
Machines
Inc
(e)
541‌
10‌
Joby
Aviation
Inc
(a),(e)
49,879‌
527‌
Karman
Holdings
Inc
(e)
71,742‌
7,447‌
Kratos
Defense
&
Security
Solutions
Inc
(e)
357,328‌
36,809‌
Loar
Holdings
Inc
(e)
89,308‌
6,125‌
Mercury
Systems
Inc
(e)
129,174‌
12,126‌
Moog
Inc
2,884‌
881‌
Red
Cat
Holdings
Inc
(a),(e)
10,498‌
142‌
Redwire
Corp
(a),(e)
7,506‌
88‌
StandardAero
Inc
(e)
379,743‌
11,730‌
Voyager
Technologies
Inc
(e)
130,501‌
3,984‌
$
140,363‌
Agriculture
-
0
.37
%
Ispire
Technology
Inc
(a),(e)
1,929‌
7‌
Turning
Point
Brands
Inc
1,578‌
191‌
Vital
Farms
Inc
(e)
278,492‌
7,923‌
$
8,121‌
Airlines
-
0
.34
%
Allegiant
Travel
Co
(e)
84,594‌
7,497‌
flyExclusive
Inc
(e)
256‌
1‌
Frontier
Group
Holdings
Inc
(a),(e)
5,857‌
27‌
Sun
Country
Airlines
Holdings
Inc
(e)
3,056‌
54‌
$
7,579‌
Apparel
-
0
.02
%
Ermenegildo
Zegna
NV
6,371‌
55‌
Kontoor
Brands
Inc
4,587‌
274‌
Steven
Madden
Ltd
615‌
27‌
Wolverine
World
Wide
Inc
8,278‌
147‌
$
503‌
Automobile
Manufacturers
-
0
.02
%
Blue
Bird
Corp
(e)
3,262‌
164‌
REV
Group
Inc
4,995‌
319‌
$
483‌
Automobile
Parts
&
Equipment
-
0
.15
%
Aeva
Technologies
Inc
(e)
3,843‌
49‌
Dorman
Products
Inc
(e)
2,843‌
353‌
Douglas
Dynamics
Inc
2,029‌
77‌
Fox
Factory
Holding
Corp
(e)
1,079‌
20‌
indie
Semiconductor
Inc
(a),(e)
7,710‌
32‌
Microvast
Holdings
Inc
(e)
13,329‌
35‌
Solid
Power
Inc
(e)
1,400‌
6‌
Visteon
Corp
27,794‌
2,525‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Parts
&
Equipment
(continued)
XPEL
Inc
(e)
2,602‌
$
134‌
$
3,231‌
Banks
-
2
.53
%
Amerant
Bancorp
Inc
1,406‌
31‌
Arrow
Financial
Corp
61‌
2‌
Avidbank
Holdings
Inc
(e)
20‌
1‌
BancFirst
Corp
1,978‌
217‌
Bancorp
Inc/The
(e)
120,746‌
7,177‌
Bank
First
Corp
140‌
20‌
Bank
of
Hawaii
Corp
3,128‌
234‌
Bank7
Corp
24‌
1‌
Bankwell
Financial
Group
Inc
113‌
5‌
Bridgewater
Bancshares
Inc
(e)
1,009‌
19‌
California
BanCorp
345‌
6‌
Capital
Bancorp
Inc
263‌
8‌
Carter
Bankshares
Inc
(e)
402‌
9‌
Citizens
Financial
Services
Inc
23‌
1‌
City
Holding
Co
928‌
114‌
Coastal
Financial
Corp/WA
(e)
52,695‌
5,047‌
CoastalSouth
Bancshares
Inc
55‌
1‌
Commercial
Bancgroup
Inc
47‌
1‌
Community
Financial
System
Inc
1,235‌
77‌
Community
West
Bancshares
310‌
7‌
ConnectOne
Bancorp
Inc
1,230‌
33‌
Customers
Bancorp
Inc
(e)
84,488‌
6,677‌
Dime
Community
Bancshares
Inc
688‌
23‌
Eagle
Bancorp
Inc
483‌
13‌
Eagle
Financial
Services
Inc
17‌
1‌
Esquire
Financial
Holdings
Inc
761‌
81‌
Finwise
Bancorp
(e)
571‌
10‌
First
BanCorp/Puerto
Rico
8,864‌
196‌
First
Business
Financial
Services
Inc
33‌
2‌
First
Community
Corp/SC
180‌
5‌
First
Financial
Bankshares
Inc
13,811‌
439‌
First
Financial
Corp
145‌
9‌
First
Internet
Bancorp
383‌
8‌
First
Merchants
Corp
310‌
12‌
First
National
Corp/VA
31‌
1‌
Five
Star
Bancorp
1,052‌
42‌
GBank
Financial
Holdings
Inc
(e)
43,342‌
1,410‌
Glacier
Bancorp
Inc
2,626‌
133‌
Hanover
Bancorp
Inc
19‌
—‌
Hope
Bancorp
Inc
639‌
8‌
International
Bancshares
Corp
593‌
41‌
Lakeland
Financial
Corp
1,456‌
87‌
LINKBANCORP
Inc
186‌
2‌
Live
Oak
Bancshares
Inc
1,628‌
65‌
MainStreet
Bancshares
Inc
26‌
1‌
Meridian
Corp
115‌
2‌
Metrocity
Bankshares
Inc
1,230‌
35‌
Metropolitan
Bank
Holding
Corp
219‌
20‌
NBT
Bancorp
Inc
333‌
15‌
Nicolet
Bankshares
Inc
391‌
57‌
Northeast
Bank
458‌
53‌
Northrim
BanCorp
Inc
1,156‌
27‌
Norwood
Financial
Corp
40‌
1‌
Old
National
Bancorp/IN
4,233‌
103‌
OP
Bancorp
74‌
1‌
Orange
County
Bancorp
Inc
346‌
11‌
Origin
Bancorp
Inc
183‌
8‌
Pathward
Financial
Inc
2,346‌
212‌
Patriot
National
Bancorp
Inc
(a),(e)
7,018‌
11‌
PCB
Bancorp
102‌
2‌
Peapack-Gladstone
Financial
Corp
676‌
21‌
Peoples
Financial
Services
Corp
49‌
3‌
Princeton
Bancorp
Inc
44‌
2‌
Prosperity
Bancshares
Inc
249,529‌
17,220‌
Richmond
Mutual
BanCorp
Inc
54‌
1‌
Seacoast
Banking
Corp
of
Florida
104,330‌
3,489‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
210
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
ServisFirst
Bancshares
Inc
5,307‌
$
434‌
Shore
Bancshares
Inc
506‌
10‌
SmartFinancial
Inc
257‌
10‌
Stock
Yards
Bancorp
Inc
2,558‌
173‌
Texas
Capital
Bancshares
Inc
(e)
641‌
65‌
Triumph
Financial
Inc
(e)
1,085‌
68‌
UMB
Financial
Corp
65,826‌
8,370‌
Union
Bankshares
Inc/Morrisville
VT
349‌
9‌
Unity
Bancorp
Inc
353‌
19‌
Valley
National
Bancorp
12,221‌
152‌
WesBanco
Inc
91,422‌
3,227‌
West
BanCorp
Inc
232‌
6‌
$
56,114‌
Beverages
-
0
.47
%
BRC
Inc
(a),(e)
9,471‌
8‌
Celsius
Holdings
Inc
(e)
192,181‌
10,086‌
National
Beverage
Corp
(e)
2,484‌
84‌
Vita
Coco
Co
Inc/The
(e)
4,886‌
261‌
Westrock
Coffee
Co
(a),(e)
3,690‌
18‌
Zevia
PBC
(e)
5,687‌
10‌
$
10,467‌
Biotechnology
-
7
.78
%
Aardvark
Therapeutics
Inc
(a),(e)
731‌
9‌
Abeona
Therapeutics
Inc
(a),(e)
4,622‌
24‌
Absci
Corp
(a),(e)
11,181‌
33‌
ACADIA
Pharmaceuticals
Inc
(e)
191,427‌
4,811‌
ADC
Therapeutics
SA
(e)
8,833‌
32‌
ADMA
Biologics
Inc
(e)
23,772‌
411‌
Aldeyra
Therapeutics
Inc
(e)
4,522‌
24‌
Alector
Inc
(e)
635‌
1‌
Alpha
Teknova
Inc
(a),(e)
533‌
1‌
Altimmune
Inc
(a),(e)
9,111‌
51‌
Amicus
Therapeutics
Inc
(e)
30,532‌
436‌
AnaptysBio
Inc
(e)
1,909‌
90‌
Anavex
Life
Sciences
Corp
(a),(e)
8,805‌
41‌
ANI
Pharmaceuticals
Inc
(e)
1,863‌
152‌
Apogee
Therapeutics
Inc
(e)
74,211‌
4,862‌
Arbutus
Biopharma
Corp
(e)
14,693‌
61‌
Arcellx
Inc
(e)
3,523‌
241‌
Arcturus
Therapeutics
Holdings
Inc
(a),(e)
996‌
7‌
Arcus
Biosciences
Inc
(e)
5,933‌
125‌
Arcutis
Biotherapeutics
Inc
(e)
11,280‌
286‌
Ardelyx
Inc
(e)
24,582‌
189‌
ArriVent
Biopharma
Inc
(e)
3,023‌
68‌
Arrowhead
Pharmaceuticals
Inc
(e)
13,624‌
945‌
ARS
Pharmaceuticals
Inc
(a),(e)
6,061‌
61‌
Atlantic
International
Corp
(e)
429‌
1‌
Aura
Biosciences
Inc
(e)
1,452‌
8‌
Aurinia
Pharmaceuticals
Inc
(e)
12,196‌
177‌
Avidity
Biosciences
Inc
(e)
10,921‌
793‌
Axsome
Therapeutics
Inc
(e)
30,409‌
5,602‌
Beam
Therapeutics
Inc
(a),(e)
9,814‌
271‌
Benitec
Biopharma
Inc
(a),(e)
1,525‌
19‌
Bicara
Therapeutics
Inc
(e)
145‌
2‌
BioCryst
Pharmaceuticals
Inc
(e)
21,483‌
141‌
Biohaven
Ltd
(e)
9,541‌
113‌
Blueprint
Medicines
Corp
-
Contingent
Value
Rights
(e),(f)
65,056‌
—‌
Bridgebio
Pharma
Inc
(e)
269,961‌
20,860‌
Bright
Minds
Biosciences
Inc
(e)
536‌
42‌
Capricor
Therapeutics
Inc
(e)
3,960‌
87‌
Cardiff
Oncology
Inc
(a),(e)
2,986‌
5‌
Cartesian
Therapeutics
Inc
(a),(e)
84‌
1‌
Cartesian
Therapeutics
Inc
-
Contingent
Value
Rights
(e),(f)
3,555‌
1‌
Celcuity
Inc
(a),(e)
52,559‌
5,751‌
CG
oncology
Inc
(e)
108,404‌
5,643‌
Cogent
Biosciences
Inc
(e)
433,779‌
15,577‌
Compass
Therapeutics
Inc
(e)
7,143‌
46‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Crinetics
Pharmaceuticals
Inc
(e)
10,052‌
$
502‌
Cytokinetics
Inc
(e)
83,398‌
5,270‌
Day
One
Biopharmaceuticals
Inc
(e)
259‌
3‌
Definium
Therapeutics
Inc
(e)
3,015‌
51‌
Denali
Therapeutics
Inc
(e)
209,010‌
4,544‌
DiaMedica
Therapeutics
Inc
(e)
3,511‌
28‌
Dianthus
Therapeutics
Inc
(e)
84,703‌
4,523‌
Disc
Medicine
Inc
(e)
2,574‌
199‌
Dynavax
Technologies
Corp
(e)
10,344‌
160‌
Dyne
Therapeutics
Inc
(e)
4,074‌
73‌
Edgewise
Therapeutics
Inc
(e)
112,058‌
3,154‌
Eledon
Pharmaceuticals
Inc
(e)
260‌
1‌
Esperion
Therapeutics
Inc
(e)
8,688‌
29‌
Evolus
Inc
(e)
5,336‌
25‌
Forafric
Global
PLC
(e)
300‌
3‌
Geron
Corp
(e)
56,932‌
78‌
Gossamer
Bio
Inc
(e)
19,853‌
45‌
Greenwich
Lifesciences
Inc
(a),(e)
550‌
17‌
Halozyme
Therapeutics
Inc
(e)
50,221‌
3,601‌
Humacyte
Inc
(a),(e)
1,536‌
2‌
ImmunityBio
Inc
(a),(e)
24,932‌
156‌
Immunome
Inc
(e)
9,603‌
236‌
Immunovant
Inc
(e)
7,175‌
187‌
Inmune
Bio
Inc
(e)
1,530‌
2‌
Innoviva
Inc
(e)
5,684‌
114‌
Janux
Therapeutics
Inc
(e)
1,413‌
19‌
Krystal
Biotech
Inc
(e)
2,548‌
711‌
Kymera
Therapeutics
Inc
(e)
67,779‌
4,927‌
LB
Pharmaceuticals
Inc
(e)
1,036‌
22‌
Legend
Biotech
Corp
ADR
(e)
79,167‌
1,385‌
LENZ
Therapeutics
Inc
(a),(e)
1,690‌
27‌
Ligand
Pharmaceuticals
Inc
(e)
230‌
44‌
Liquidia
Corp
(e)
6,597‌
280‌
MapLight
Therapeutics
Inc
(e)
909‌
16‌
Maze
Therapeutics
Inc
(e)
149‌
6‌
MeiraGTx
Holdings
plc
(e)
3,157‌
24‌
Mineralys
Therapeutics
Inc
(e)
112,433‌
3,473‌
Monopar
Therapeutics
Inc
(e)
469‌
28‌
Nektar
Therapeutics
(e)
90,281‌
3,370‌
NeoGenomics
Inc
(e)
1,257‌
15‌
Newamsterdam
Pharma
Co
NV
(e)
83,538‌
2,600‌
Niagen
Bioscience
Inc
(e)
5,455‌
33‌
Novavax
Inc
(a),(e)
12,646‌
112‌
Nuvalent
Inc
(e)
60,266‌
6,201‌
Nuvation
Bio
Inc
(e)
1,662‌
9‌
Omeros
Corp
(a),(e)
6,045‌
71‌
Organogenesis
Holdings
Inc
(e)
7,040‌
28‌
Palvella
Therapeutics
Inc
(a),(e)
34,632‌
2,656‌
Phathom
Pharmaceuticals
Inc
(a),(e)
1,090‌
15‌
Praxis
Precision
Medicines
Inc
(e)
203‌
64‌
Precigen
Inc
(e)
17,277‌
78‌
Protalix
BioTherapeutics
Inc
(e)
7,395‌
17‌
Prothena
Corp
PLC
(e)
257‌
2‌
PTC
Therapeutics
Inc
(e)
6,487‌
490‌
Rapport
Therapeutics
Inc
(e)
86,494‌
2,302‌
Recursion
Pharmaceuticals
Inc
(a),(e)
39,009‌
163‌
Rezolute
Inc
(e)
7,137‌
24‌
Rigel
Pharmaceuticals
Inc
(e)
1,821‌
63‌
Rocket
Pharmaceuticals
Inc
(e)
677‌
2‌
Sana
Biotechnology
Inc
(e)
1,902‌
8‌
Savara
Inc
(e)
933,285‌
5,039‌
Scholar
Rock
Holding
Corp
(e)
7,762‌
344‌
Sionna
Therapeutics
Inc
(a),(e)
1,646‌
70‌
Soleno
Therapeutics
Inc
(e)
101,220‌
3,904‌
Stoke
Therapeutics
Inc
(e)
4,614‌
140‌
Structure
Therapeutics
Inc
ADR
(e)
52,228‌
4,620‌
Syndax
Pharmaceuticals
Inc
(e)
8,163‌
166‌
Tarsus
Pharmaceuticals
Inc
(e)
4,030‌
260‌
Taysha
Gene
Therapies
Inc
(e)
22,655‌
102‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
211
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Tectonic
Therapeutic
Inc
(a),(e)
93‌
$
2‌
Terns
Pharmaceuticals
Inc
(e)
92,234‌
3,191‌
Tevogen
Bio
Holdings
Inc
(e)
810‌
—‌
TG
Therapeutics
Inc
(e)
14,901‌
439‌
Theravance
Biopharma
Inc
(e)
3,128‌
59‌
Travere
Therapeutics
Inc
(e)
381,698‌
11,867‌
TriSalus
Life
Sciences
Inc
(e)
727‌
4‌
Tvardi
Therapeutics
Inc
(e)
29‌
—‌
UroGen
Pharma
Ltd
(e)
3,149‌
62‌
Vera
Therapeutics
Inc
(e)
91,663‌
3,965‌
Veracyte
Inc
(e)
8,050‌
307‌
Verastem
Inc
(e)
3,068‌
19‌
Vericel
Corp
(e)
5,182‌
186‌
Viridian
Therapeutics
Inc
(e)
154,314‌
5,092‌
WaVe
Life
Sciences
Ltd
(e)
581,749‌
7,528‌
Xenon
Pharmaceuticals
Inc
(e)
113,239‌
4,644‌
XOMA
Royalty
Corp
(e)
686‌
18‌
Zevra
Therapeutics
Inc
(e)
5,671‌
51‌
Zymeworks
Inc
(e)
5,124‌
115‌
$
172,583‌
Building
Materials
-
4
.16
%
AAON
Inc
(a)
95,078‌
8,658‌
Armstrong
World
Industries
Inc
34,568‌
6,352‌
Eagle
Materials
Inc
34,937‌
7,120‌
Griffon
Corp
3,950‌
322‌
James
Hardie
Industries
PLC
(e)
105,100‌
2,416‌
Knife
River
Corp
(e)
5,883‌
395‌
LSI
Industries
Inc
2,150‌
48‌
Modine
Manufacturing
Co
(e)
176,976‌
32,681‌
Simpson
Manufacturing
Co
Inc
42,891‌
7,582‌
Smith-Midland
Corp
(e)
279‌
10‌
SPX
Technologies
Inc
(e)
127,354‌
26,541‌
Tecnoglass
Inc
2,780‌
136‌
Titan
America
SA
2,552‌
44‌
UFP
Industries
Inc
327‌
34‌
$
92,339‌
Chemicals
-
0
.74
%
Balchem
Corp
3,365‌
573‌
Cabot
Corp
5,115‌
369‌
Calumet
Inc
(a),(e)
814‌
18‌
Chemours
Co/The
15,459‌
232‌
Codexis
Inc
(e)
6,283‌
8‌
Element
Solutions
Inc
300,928‌
8,757‌
Hawkins
Inc
2,016‌
263‌
HB
Fuller
Co
89,453‌
5,376‌
Ingevity
Corp
(e)
3,756‌
247‌
Innospec
Inc
130‌
11‌
Oil-Dri
Corp
of
America
818‌
49‌
Sensient
Technologies
Corp
4,351‌
411‌
$
16,314‌
Coal
-
0
.02
%
Alpha
Metallurgical
Resources
Inc
(e)
366‌
77‌
Core
Natural
Resources
Inc
1,821‌
173‌
Hallador
Energy
Co
(e)
2,972‌
55‌
Ramaco
Resources
Inc
-
A
Shares
(e)
4,252‌
83‌
$
388‌
Commercial
Services
-
2
.90
%
Adtalem
Global
Education
Inc
(e)
3,693‌
382‌
AirSculpt
Technologies
Inc
(e)
644‌
2‌
Alarm.com
Holdings
Inc
(e)
4,895‌
239‌
Alta
Equipment
Group
Inc
(a)
250‌
2‌
American
Public
Education
Inc
(e)
1,701‌
71‌
Andersen
Group
Inc
(a),(e)
231,232‌
5,191‌
Arlo
Technologies
Inc
(e)
488,183‌
6,195‌
Barrett
Business
Services
Inc
2,581‌
98‌
Bright
Horizons
Family
Solutions
Inc
(e)
108,428‌
10,044‌
Brink's
Co/The
4,328‌
550‌
Cadiz
Inc
(e)
5,651‌
32‌
Carriage
Services
Inc
1,483‌
64‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
Cass
Information
Systems
Inc
1,111‌
$
50‌
CBIZ
Inc
(e)
5,078‌
200‌
Chaince
Digital
Holdings
Inc
(a),(e)
144‌
1‌
Cimpress
PLC
(e)
355‌
28‌
CoreCivic
Inc
(e)
1,673‌
31‌
Coursera
Inc
(e)
14,560‌
88‌
CPI
Card
Group
Inc
(e)
605‌
8‌
CRA
International
Inc
657‌
124‌
Distribution
Solutions
Group
Inc
(e)
844‌
24‌
Driven
Brands
Holdings
Inc
(a),(e)
6,137‌
95‌
Emerald
Holding
Inc
1,424‌
7‌
European
Wax
Center
Inc
(a),(e)
2,808‌
11‌
EVERTEC
Inc
6,614‌
199‌
First
Advantage
Corp
(a),(e)
323,738‌
4,370‌
Flywire
Corp
(e)
10,882‌
137‌
Franklin
Covey
Co
(e)
950‌
19‌
FTI
Consulting
Inc
(e)
49,225‌
8,598‌
GEO
Group
Inc/The
(e)
13,887‌
222‌
GPGI
Inc
5,267‌
124‌
Hackett
Group
Inc/The
2,360‌
43‌
Healthcare
Services
Group
Inc
(e)
3,284‌
62‌
Herc
Holdings
Inc
3,364‌
482‌
Hertz
Global
Holdings
Inc
(a),(e)
12,118‌
59‌
HireQuest
Inc
(a)
96‌
1‌
Huron
Consulting
Group
Inc
(e)
1,747‌
295‌
Information
Services
Group
Inc
1,294‌
7‌
Insperity
Inc
3,713‌
159‌
John
Wiley
&
Sons
Inc
3,949‌
123‌
Kforce
Inc
1,604‌
57‌
KinderCare
Learning
Cos
Inc
(e)
3,229‌
15‌
Korn
Ferry
2,481‌
172‌
Laureate
Education
Inc
(e)
4,542‌
156‌
Legalzoom.com
Inc
(e)
13,067‌
116‌
Legence
Corp
(e)
2,150‌
101‌
Lifecore
Biomedical
Inc
(e)
1,906‌
17‌
Lincoln
Educational
Services
Corp
(e)
3,048‌
81‌
Marqeta
Inc
(e)
17,136‌
71‌
Mister
Car
Wash
Inc
(e)
1,522,586‌
8,451‌
National
Research
Corp
1,126‌
23‌
NIQ
Global
Intelligence
Plc
(a),(e)
414,024‌
7,034‌
Payoneer
Global
Inc
(e)
28,565‌
183‌
Priority
Technology
Holdings
Inc
(a),(e)
2,811‌
17‌
Progyny
Inc
(e)
7,714‌
184‌
Quad/Graphics
Inc
2,079‌
13‌
RCM
Technologies
Inc
(e)
502‌
10‌
Remitly
Global
Inc
(e)
17,331‌
229‌
Rentokil
Initial
PLC
ADR
(a)
115,824‌
3,650‌
Sezzle
Inc
(e)
1,540‌
97‌
Shift4
Payments
Inc
(a),(e)
58,658‌
3,463‌
SoundThinking
Inc
(e)
977‌
7‌
Spire
Global
Inc
(a),(e)
2,810‌
32‌
StoneCo
Ltd
(e)
25,765‌
416‌
Stride
Inc
(e)
4,398‌
372‌
TIC
Solutions
Inc
(e)
4,790‌
48‌
Transcat
Inc
(e)
445‌
27‌
TriNet
Group
Inc
3,085‌
189‌
Udemy
Inc
(e)
9,817‌
47‌
Universal
Technical
Institute
Inc
(e)
4,851‌
135‌
Upbound
Group
Inc
1,938‌
37‌
USCB
Financial
Holdings
Inc
413‌
8‌
Verra
Mobility
Corp
(e)
16,391‌
316‌
Willdan
Group
Inc
(e)
983‌
124‌
$
64,335‌
Computers
-
2
.34
%
Cantaloupe
Inc
(e)
5,721‌
61‌
CSP
Inc
608‌
7‌
Diebold
Nixdorf
Inc
(e)
2,398‌
166‌
D-Wave
Quantum
Inc
(a),(e)
306,561‌
6,505‌
Figure
Technology
Solutions
Inc
(a),(e)
107,589‌
6,120‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
212
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Grid
Dynamics
Holdings
Inc
(e)
5,597‌
$
46‌
Insight
Enterprises
Inc
(e)
1,042‌
88‌
Lumentum
Holdings
Inc
(e)
40,820‌
15,995‌
Maximus
Inc
5,820‌
550‌
Mitek
Systems
Inc
(e)
921‌
9‌
NCR
Atleos
Corp
(e)
7,527‌
281‌
NextNav
Inc
(a),(e)
9,723‌
140‌
OneSpan
Inc
462‌
5‌
PAR
Technology
Corp
(e)
2,411‌
63‌
Parsons
Corp
(e)
95,795‌
6,711‌
Pitney
Bowes
Inc
6,092‌
64‌
Qualys
Inc
(e)
3,762‌
496‌
Rapid7
Inc
(e)
6,568‌
78‌
Rigetti
Computing
Inc
(e)
32,774‌
596‌
Rimini
Street
Inc
(e)
413‌
1‌
Rubrik
Inc
(e)
89,267‌
4,995‌
Tenable
Holdings
Inc
(e)
106,042‌
2,339‌
Unisys
Corp
(e)
5,444‌
14‌
V2X
Inc
(e)
154‌
11‌
Varonis
Systems
Inc
(e)
223,160‌
6,659‌
Vuzix
Corp
(a),(e)
6,632‌
17‌
$
52,017‌
Consumer
Products
-
0
.01
%
WD-40
Co
1,401‌
324‌
Cosmetics
&
Personal
Care
-
0
.01
%
Beauty
Health
Co/The
(a),(e)
9,930‌
15‌
Honest
Co
Inc/The
(a),(e)
4,091‌
10‌
Interparfums
Inc
1,895‌
185‌
Prestige
Consumer
Healthcare
Inc
(e)
952‌
62‌
Solesence
Inc
(a),(e)
927‌
1‌
$
273‌
Distribution
&
Wholesale
-
1
.31
%
Global
Industrial
Co
1,537‌
47‌
OPENLANE
Inc
(e)
253,482‌
7,615‌
Rush
Enterprises
Inc
-
Class
A
3,404‌
218‌
Rush
Enterprises
Inc
-
Class
B
517‌
30‌
SiteOne
Landscape
Supply
Inc
(e)
42,780‌
6,141‌
ThredUp
Inc
(e)
10,053‌
51‌
VSE
Corp
68,202‌
14,907‌
$
29,009‌
Diversified
Financial
Services
-
3
.92
%
Acadian
Asset
Management
Inc
2,767‌
153‌
Artisan
Partners
Asset
Management
Inc
3,542‌
158‌
Atlanticus
Holdings
Corp
(e)
18‌
1‌
Bakkt
Inc
(e)
275‌
4‌
BGC
Group
Inc
37,184‌
339‌
Brookfield
Business
Corp
(a)
784‌
28‌
Burford
Capital
Ltd
13,121‌
127‌
Cohen
&
Steers
Inc
2,605‌
167‌
Columbia
Financial
Inc
(e)
125‌
2‌
Dave
Inc
(e)
1,063‌
174‌
Diamond
Hill
Investment
Group
Inc
40‌
7‌
DigitalBridge
Group
Inc
249,403‌
3,838‌
Enova
International
Inc
(e)
2,473‌
409‌
Federal
Agricultural
Mortgage
Corp
870‌
147‌
First
Western
Financial
Inc
(e)
297‌
8‌
Fold
Holdings
Inc
(e)
195‌
—‌
GCM
Grosvenor
Inc
4,773‌
54‌
Houlihan
Lokey
Inc
49,712‌
8,367‌
International
Money
Express
Inc
(e)
2,858‌
44‌
Jefferson
Capital
Inc
259‌
6‌
LendingClub
Corp
(e)
230,736‌
3,902‌
LendingTree
Inc
(e)
82,459‌
4,672‌
Marex
Group
PLC
212,191‌
8,378‌
Miami
International
Holdings
Inc
(e)
1,285‌
54‌
Moelis
&
Co
152,389‌
10,922‌
NerdWallet
Inc
(e)
4,303‌
52‌
OppFi
Inc
2,513‌
24‌
Pagseguro
Digital
Ltd
11,403‌
128‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
Paysign
Inc
(e)
3,562‌
$
15‌
Perella
Weinberg
Partners
257,206‌
5,738‌
Piper
Sandler
Cos
53,841‌
18,648‌
PJT
Partners
Inc
2,356‌
408‌
Regional
Management
Corp
81‌
3‌
Resolute
Holdings
Management
Inc
(a),(e)
177‌
36‌
Siebert
Financial
Corp
(e)
104‌
—‌
StepStone
Group
Inc
141,581‌
10,008‌
Stifel
Financial
Corp
69,133‌
8,524‌
StoneX
Group
Inc
(e)
5,043‌
566‌
Strive
Inc
(e)
2,673‌
2‌
Upstart
Holdings
Inc
(a),(e)
8,750‌
343‌
Victory
Capital
Holdings
Inc
4,555‌
321‌
Vroom
Inc
(a),(e)
9‌
—‌
Webull
Corp
(e)
3,642‌
26‌
WisdomTree
Inc
12,704‌
206‌
$
87,009‌
Electric
-
0
.02
%
Genie
Energy
Ltd
105‌
1‌
MGE
Energy
Inc
1,990‌
159‌
Oklo
Inc
(a),(e)
2,624‌
209‌
Otter
Tail
Corp
259‌
23‌
$
392‌
Electrical
Components
&
Equipment
-
1
.55
%
American
Superconductor
Corp
(e)
179,374‌
5,366‌
AZZ
Inc
3,057‌
380‌
Belden
Inc
4,028‌
473‌
Energizer
Holdings
Inc
5,053‌
110‌
EnerSys
225‌
41‌
Generac
Holdings
Inc
(e)
9,037‌
1,519‌
Graham
Corp
(e)
1,082‌
76‌
Insteel
Industries
Inc
1,075‌
36‌
nLight
Inc
(e)
182,701‌
8,333‌
Novanta
Inc
(e)
64,358‌
8,659‌
Powell
Industries
Inc
979‌
434‌
Universal
Display
Corp
77,667‌
8,918‌
$
34,345‌
Electronics
-
4
.16
%
Advanced
Energy
Industries
Inc
62,176‌
15,877‌
Allient
Inc
61‌
4‌
Applied
Optoelectronics
Inc
(a),(e)
161,643‌
7,049‌
Atmus
Filtration
Technologies
Inc
7,752‌
449‌
Badger
Meter
Inc
3,042‌
446‌
CTS
Corp
424‌
22‌
Enovix
Corp
(e)
17,285‌
114‌
ESCO
Technologies
Inc
82,478‌
18,819‌
Evolv
Technologies
Holdings
Inc
(e)
1,030,127‌
6,377‌
Itron
Inc
(e)
2,274‌
225‌
Knowles
Corp
(e)
597‌
15‌
Kopin
Corp
(e)
18,346‌
47‌
KULR
Technology
Group
Inc
(a),(e)
4,052‌
14‌
Mesa
Laboratories
Inc
546‌
43‌
MicroVision
Inc
(e)
19,515‌
16‌
Mirion
Technologies
Inc
(e)
480,347‌
11,932‌
M-Tron
Industries
Inc
(e)
250‌
16‌
Napco
Security
Technologies
Inc
3,556‌
131‌
Neonode
Inc
(e)
871‌
2‌
NVE
Corp
497‌
34‌
OSI
Systems
Inc
(e)
1,669‌
418‌
Plexus
Corp
(e)
11,606‌
2,313‌
Sanmina
Corp
(e)
2,412‌
342‌
SKYX
Platforms
Corp
(e)
7,334‌
18‌
TTM
Technologies
Inc
(e)
225,064‌
22,101‌
Turtle
Beach
Corp
(e)
1,094‌
13‌
Vicor
Corp
(e)
2,357‌
372‌
Woodward
Inc
15,757‌
5,008‌
$
92,217‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
213
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Energy
-
Alternate
Sources
-
0
.97
%
Array
Technologies
Inc
(e)
3,368‌
$
38‌
ASP
Isotopes
Inc
(a),(e)
9,478‌
60‌
Eos
Energy
Enterprises
Inc
(e)
402,915‌
5,898‌
Fluence
Energy
Inc
(e)
5,318‌
164‌
Montauk
Renewables
Inc
(e)
1,021‌
2‌
Nextpower
Inc
(e)
131,448‌
15,391‌
OPAL
Fuels
Inc
(e)
967‌
2‌
REX
American
Resources
Corp
(e)
737‌
25‌
Shoals
Technologies
Group
Inc
(e)
2,939‌
28‌
SunPower
Inc
(e)
1,002‌
2‌
Verde
Clean
Fuels
Inc
(e)
442‌
1‌
XCF
Global
Inc
(e)
1,019‌
—‌
$
21,611‌
Engineering
&
Construction
-
2
.22
%
908
Devices
Inc
(e)
2,146‌
13‌
Arcosa
Inc
1,409‌
161‌
Argan
Inc
24,550‌
8,522‌
Bowman
Consulting
Group
Ltd
(e)
14,617‌
509‌
Cardinal
Infrastructure
Group
Inc
(e)
118,409‌
2,983‌
Centuri
Holdings
Inc
(e)
8,034‌
222‌
Concrete
Pumping
Holdings
Inc
(e)
89‌
—‌
Construction
Partners
Inc
(e)
4,827‌
530‌
Dycom
Industries
Inc
(e)
2,873‌
1,047‌
Energy
Services
of
America
Corp
1,210‌
11‌
Everus
Construction
Group
Inc
(e)
91,452‌
8,093‌
Exponent
Inc
5,228‌
376‌
Frontdoor
Inc
(e)
7,538‌
446‌
Granite
Construction
Inc
3,881‌
469‌
IES
Holdings
Inc
(e)
927‌
352‌
Latham
Group
Inc
(e)
295,318‌
1,858‌
Limbach
Holdings
Inc
(e)
1,103‌
95‌
MYR
Group
Inc
(e)
1,587‌
397‌
Orion
Group
Holdings
Inc
(e)
714‌
9‌
Primoris
Services
Corp
85,670‌
12,701‌
Sterling
Infrastructure
Inc
(e)
22,268‌
7,969‌
TopBuild
Corp
(e)
5,351‌
2,504‌
TSS
Inc/MD
(a),(e)
2,045‌
21‌
$
49,288‌
Entertainment
-
1
.15
%
Accel
Entertainment
Inc
(e)
5,257‌
59‌
Atlanta
Braves
Holdings
Inc
-
A
shares
(a),(e)
649‌
29‌
Atlanta
Braves
Holdings
Inc
-
C
shares
(e)
4,747‌
190‌
Bally's
Corp
(a),(e)
986‌
15‌
Cinemark
Holdings
Inc
10,676‌
253‌
Falcon's
Beyond
Global
Inc
(a),(e)
1,146‌
7‌
IMAX
Corp
(e)
212,005‌
7,401‌
Inspired
Entertainment
Inc
(e)
2,801‌
25‌
Madison
Square
Garden
Entertainment
Corp
(e)
4,084‌
253‌
Monarch
Casino
&
Resort
Inc
1,325‌
121‌
Pursuit
Attractions
and
Hospitality
Inc
(e)
68‌
2‌
RCI
Hospitality
Holdings
Inc
511‌
12‌
Red
Rock
Resorts
Inc
2,780‌
176‌
Reservoir
Media
Inc
(e)
178‌
1‌
Rush
Street
Interactive
Inc
(e)
939,133‌
16,594‌
Six
Flags
Entertainment
Corp
(e)
7,875‌
142‌
Super
Group
SGHC
Ltd
16,345‌
155‌
United
Parks
&
Resorts
Inc
(e)
2,659‌
100‌
$
25,535‌
Environmental
Control
-
1
.53
%
Casella
Waste
Systems
Inc
(e)
89,470‌
9,026‌
CECO
Environmental
Corp
(e)
111,723‌
7,534‌
Energy
Recovery
Inc
(e)
5,319‌
78‌
Perma-Fix
Environmental
Services
Inc
(e)
191‌
3‌
PureCycle
Technologies
Inc
(a),(e)
13,329‌
127‌
Waste
Connections
Inc
102,806‌
17,230‌
$
33,998‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Food
-
0
.51
%
Beyond
Meat
Inc
(a),(e)
1,891‌
$
1‌
Calavo
Growers
Inc
1,611‌
41‌
Cal-Maine
Foods
Inc
4,552‌
380‌
Chefs'
Warehouse
Inc/The
(e)
160,461‌
10,093‌
J
&
J
Snack
Foods
Corp
1,606‌
153‌
John
B
Sanfilippo
&
Son
Inc
480‌
39‌
Lifeway
Foods
Inc
(e)
422‌
9‌
Mama's
Creations
Inc
(e)
3,763‌
57‌
Marzetti
Company/The
2,065‌
354‌
Nathan's
Famous
Inc
256‌
26‌
Natural
Grocers
by
Vitamin
Cottage
Inc
1,371‌
38‌
Simply
Good
Foods
Co/The
(e)
6,120‌
115‌
SunOpta
Inc
(e)
10,079‌
46‌
Tootsie
Roll
Industries
Inc
1,872‌
71‌
$
11,423‌
Forest
Products
&
Paper
-
0
.00
%
Sylvamo
Corp
969‌
47‌
Gas
-
0
.00
%
Chesapeake
Utilities
Corp
827‌
106‌
RGC
Resources
Inc
33‌
1‌
$
107‌
Hand
&
Machine
Tools
-
0
.59
%
Cadre
Holdings
Inc
2,935‌
118‌
Enerpac
Tool
Group
Corp
99,764‌
4,026‌
Franklin
Electric
Co
Inc
3,994‌
398‌
MSA
Safety
Inc
48,557‌
8,602‌
$
13,144‌
Healthcare
-
Products
-
7
.98
%
10X
Genomics
Inc
(e)
2,906‌
59‌
Accuray
Inc
(e)
9,624‌
8‌
Adaptive
Biotechnologies
Corp
(e)
15,331‌
284‌
Alphatec
Holdings
Inc
(e)
457,961‌
6,792‌
AngioDynamics
Inc
(e)
888‌
9‌
Anteris
Technologies
Global
Corp
(a),(e)
3,478‌
21‌
Artivion
Inc
(e)
3,511‌
143‌
AtriCure
Inc
(e)
235,342‌
8,692‌
Avita
Medical
Inc
(a),(e)
1,248‌
5‌
Axogen
Inc
(e)
4,566‌
159‌
Beta
Bionics
Inc
(e)
3,545‌
49‌
Billiontoone
Inc
(a),(e)
75,369‌
6,219‌
BioLife
Solutions
Inc
(e)
4,210‌
92‌
Bio-Techne
Corp
184,304‌
11,812‌
Bioventus
Inc
(e)
4,846‌
38‌
Bruker
Corp
274,672‌
12,165‌
Butterfly
Network
Inc
(a),(e)
19,961‌
79‌
CapsoVision
Inc
(e)
210‌
1‌
CareDx
Inc
(e)
5,357‌
110‌
Ceribell
Inc
(e)
2,732‌
56‌
Cerus
Corp
(e)
19,418‌
45‌
ClearPoint
Neuro
Inc
(a),(e)
2,715‌
35‌
CVRx
Inc
(e)
1,303‌
9‌
Delcath
Systems
Inc
(e)
3,049‌
30‌
Electromed
Inc
(e)
691‌
21‌
Embecta
Corp
686‌
7‌
Establishment
Labs
Holdings
Inc
(e)
262,179‌
17,867‌
Glaukos
Corp
(e)
103,142‌
12,313‌
Guardant
Health
Inc
(e)
341,503‌
38,945‌
Haemonetics
Corp
(e)
4,956‌
330‌
ICU
Medical
Inc
(e)
1,875‌
281‌
Integer
Holdings
Corp
(e)
3,550‌
308‌
iRadimed
Corp
834‌
82‌
IRhythm
Holdings
Inc
(e)
3,268‌
505‌
Kestra
Medical
Technologies
Ltd
(a),(e)
352,379‌
8,693‌
KORU
Medical
Systems
Inc
(e)
4,824‌
26‌
Lantheus
Holdings
Inc
(e)
6,890‌
461‌
LeMaitre
Vascular
Inc
2,154‌
183‌
LENSAR
Inc
(a),(e)
832‌
11‌
LivaNova
PLC
(e)
161,233‌
10,595‌
Lucid
Diagnostics
Inc
(e)
2,113‌
2‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
214
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Merit
Medical
Systems
Inc
(e)
35,917‌
$
2,913‌
MiMedx
Group
Inc
(e)
12,142‌
62‌
Myomo
Inc
(e)
1,742‌
1‌
NeuroPace
Inc
(e)
2,631‌
40‌
Novocure
Ltd
(e)
10,430‌
129‌
OmniAb
Inc
(e)
998‌
2‌
OmniAb
Inc
-
Rights
(e)
95‌
—‌
OmniAb
Inc
-
Rights
(e)
95‌
—‌
OrthoPediatrics
Corp
(e)
214,688‌
3,748‌
Outset
Medical
Inc
(a),(e)
335‌
2‌
Picard
Medical
Inc
(e)
199‌
—‌
PROCEPT
BioRobotics
Corp
(e)
227,085‌
6,577‌
Pulmonx
Corp
(e)
3,960‌
6‌
Pulse
Biosciences
Inc
(a),(e)
1,671‌
23‌
Quanterix
Corp
(e)
252‌
2‌
QuidelOrtho
Corp
(e)
3,023‌
82‌
Repligen
Corp
(e)
57,104‌
8,530‌
RxSight
Inc
(e)
3,664‌
32‌
Sanara
Medtech
Inc
(e)
310‌
7‌
SANUWAVE
Health
Inc
(e)
728‌
20‌
Shoulder
Innovations
Inc
(e)
331‌
5‌
SI-BONE
Inc
(e)
315,537‌
5,231‌
STAAR
Surgical
Co
(e)
4,450‌
84‌
Stereotaxis
Inc
(e)
5,821‌
13‌
Tandem
Diabetes
Care
Inc
(e)
7,022‌
140‌
TransMedics
Group
Inc
(e)
85,352‌
11,435‌
Treace
Medical
Concepts
Inc
(e)
4,883‌
11‌
Twist
Bioscience
Corp
(e)
6,128‌
252‌
UFP
Technologies
Inc
(e)
778‌
195‌
$
177,084‌
Healthcare
-
Services
-
2
.82
%
Addus
HomeCare
Corp
(e)
916‌
95‌
agilon
health
Inc
(e)
31,611‌
26‌
Ardent
Health
Inc
(e)
116‌
1‌
Astrana
Health
Inc
(e)
4,245‌
97‌
Aveanna
Healthcare
Holdings
Inc
(e)
421,953‌
3,544‌
BrightSpring
Health
Services
Inc
(e)
372,126‌
14,613‌
Brookdale
Senior
Living
Inc
(e)
21,134‌
317‌
Clover
Health
Investments
Corp
(e)
42,206‌
95‌
Community
Health
Systems
Inc
(e)
9,106‌
29‌
Concentra
Group
Holdings
Parent
Inc
11,285‌
250‌
CorVel
Corp
(e)
2,999‌
209‌
Encompass
Health
Corp
101,387‌
9,584‌
Ensign
Group
Inc/The
5,757‌
988‌
GeneDx
Holdings
Corp
(e)
29,173‌
2,809‌
Ginkgo
Bioworks
Holdings
Inc
(e)
177‌
2‌
HealthEquity
Inc
(e)
184,640‌
15,819‌
Innovage
Holding
Corp
(e)
481‌
3‌
Joint
Corp/The
(a),(e)
1,448‌
14‌
LifeStance
Health
Group
Inc
(e)
9,469‌
67‌
Lumexa
Imaging
Holdings
Inc
(e)
451,587‌
5,532‌
Nano-X
Imaging
Ltd
(a),(e)
801‌
2‌
Neuronetics
Inc
(e)
4,039‌
8‌
Oncology
Institute
Inc/The
(a),(e)
7,265‌
20‌
Option
Care
Health
Inc
(e)
16,390‌
557‌
Oscar
Health
Inc
(e)
20,361‌
292‌
PACS
Group
Inc
(e)
4,221‌
143‌
Pennant
Group
Inc/The
(e)
3,489‌
96‌
Privia
Health
Group
Inc
(e)
11,943‌
277‌
RadNet
Inc
(e)
99,575‌
6,980‌
SBC
Medical
Group
Holdings
Inc
(a),(e)
25‌
—‌
Sonida
Senior
Living
Inc
(e)
355‌
11‌
Teladoc
Health
Inc
(e)
3,826‌
21‌
US
Physical
Therapy
Inc
952‌
80‌
Viemed
Healthcare
Inc
(e)
3,825‌
29‌
$
62,610‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Builders
-
0
.07
%
Cavco
Industries
Inc
(e)
798‌
$
393‌
Champion
Homes
Inc
(e)
5,814‌
456‌
Dream
Finders
Homes
Inc
(e)
722‌
13‌
Green
Brick
Partners
Inc
(e)
1,109‌
77‌
Installed
Building
Products
Inc
2,385‌
687‌
LCI
Industries
268‌
39‌
$
1,665‌
Home
Furnishings
-
0
.63
%
Alliance
Laundry
Holdings
Inc
(e)
1,122‌
25‌
Arhaus
Inc
(e)
441,340‌
4,493‌
Daktronics
Inc
(e)
683‌
16‌
Lovesac
Co/The
(e)
851‌
11‌
SharkNinja
Inc
(e)
78,419‌
9,269‌
Sonos
Inc
(e)
11,303‌
162‌
$
13,976‌
Insurance
-
1
.20
%
Abacus
Global
Management
Inc
1,117‌
8‌
American
Coastal
Insurance
Corp
1,321‌
15‌
American
Integrity
Insurance
Group
Inc
(e)
310‌
6‌
AMERISAFE
Inc
1,049‌
39‌
Aspen
Insurance
Holdings
Ltd
(e)
971‌
36‌
Ategrity
Specialty
Holdings
LLC
(e)
19,460‌
346‌
Baldwin
Insurance
Group
Inc/The
(e)
7,337‌
161‌
Bowhead
Specialty
Holdings
Inc
(e)
1,825‌
45‌
Crawford
&
Co
1,671‌
18‌
F&G
Annuities
&
Life
Inc
236‌
7‌
Goosehead
Insurance
Inc
(e)
1,941‌
120‌
HCI
Group
Inc
1,106‌
175‌
Heritage
Insurance
Holdings
Inc
(e)
1,955‌
51‌
Hippo
Holdings
Inc
(e)
917‌
27‌
Investors
Title
Co
27‌
7‌
Kestrel
Group
Ltd
(e)
104‌
1‌
Kingstone
Cos
Inc
1,084‌
17‌
Kingsway
Financial
Services
Inc
(e)
1,987‌
27‌
Lemonade
Inc
(e)
6,227‌
540‌
Neptune
Insurance
Holdings
Inc
(a),(e)
184,216‌
4,697‌
Palomar
Holdings
Inc
(e)
63,891‌
7,897‌
Root
Inc/OH
(e)
1,280‌
80‌
Selective
Insurance
Group
Inc
5,516‌
464‌
Selectquote
Inc
(e)
10,308‌
15‌
SiriusPoint
Ltd
(e)
1,211‌
25‌
Skyward
Specialty
Insurance
Group
Inc
(e)
152,411‌
6,800‌
Slide
Insurance
Holdings
Inc
(e)
84,555‌
1,457‌
Tiptree
Inc
551‌
10‌
Trupanion
Inc
(e)
3,819‌
122‌
TWFG
Inc
(e)
134,091‌
3,351‌
Universal
Insurance
Holdings
Inc
523‌
16‌
$
26,580‌
Internet
-
0
.77
%
Arena
Group
Holdings
Inc/The
(a),(e)
1,321‌
5‌
AudioEye
Inc
(e)
818‌
8‌
Backblaze
Inc
(e)
5,687‌
26‌
BARK
Inc
(e)
6,547‌
6‌
Bumble
Inc
(e)
429‌
1‌
Cargurus
Inc
(e)
8,453‌
274‌
Cogent
Communications
Holdings
Inc
4,996‌
121‌
Crexendo
Inc
(e)
1,484‌
10‌
Entravision
Communications
Corp
835‌
3‌
EverQuote
Inc
(e)
172,166‌
3,908‌
Figs
Inc
(e)
9,084‌
98‌
fuboTV
Inc
(e)
34,229‌
76‌
Gambling.com
Group
Ltd
(e)
1,664‌
8‌
Grindr
Inc
(e)
3,444‌
39‌
Groupon
Inc
(e)
2,552‌
36‌
HealthStream
Inc
955‌
21‌
Hims
&
Hers
Health
Inc
(e)
21,025‌
570‌
LifeMD
Inc
(a),(e)
2,816‌
9‌
Liquidity
Services
Inc
(e)
2,445‌
78‌
Magnite
Inc
(e)
14,368‌
208‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
215
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
MediaAlpha
Inc
(a),(e)
3,499‌
$
36‌
Nerdy
Inc
(a),(e)
6,089‌
6‌
OptimizeRx
Corp
(e)
1,617‌
17‌
Phoenix
Education
Partners
Inc
360‌
11‌
Q2
Holdings
Inc
(e)
104,768‌
6,417‌
QuinStreet
Inc
(e)
5,687‌
76‌
RealReal
Inc/The
(e)
2,628‌
39‌
Revolve
Group
Inc
(e)
4,210‌
116‌
Rumble
Inc
(a),(e)
2,555‌
15‌
Serve
Robotics
Inc
(a),(e)
5,704‌
59‌
Sprinklr
Inc
(e)
11,646‌
74‌
Stitch
Fix
Inc
(e)
536‌
3‌
Stubhub
Holdings
Inc
(a),(e)
290,127‌
4,097‌
Travelzoo
(e)
431‌
3‌
TripAdvisor
Inc
(e)
5,661‌
75‌
Tucows
Inc
(e)
73‌
2‌
Upwork
Inc
(e)
12,631‌
253‌
Vivid
Seats
Inc
(a),(e)
114‌
1‌
Yelp
Inc
(e)
6,224‌
170‌
ZipRecruiter
Inc
(a),(e)
6,415‌
16‌
$
16,991‌
Investment
Companies
-
0
.18
%
Bitdeer
Technologies
Group
(e)
10,107‌
132‌
Core
Scientific
Inc
(a),(e)
24,844‌
447‌
FTAI
Infrastructure
Inc
11,302‌
66‌
Innventure
Inc
(a),(e)
210‌
—‌
Terawulf
Inc
(e)
29,384‌
393‌
Trinity
Capital
Inc
179,519‌
3,021‌
$
4,059‌
Iron
&
Steel
-
0
.32
%
Carpenter
Technology
Corp
22,239‌
7,068‌
Leisure
Products
&
Services
-
0
.86
%
Acushnet
Holdings
Corp
2,843‌
276‌
Global
Business
Travel
Group
I
(a),(e)
11,887‌
81‌
Life
Time
Group
Holdings
Inc
(e)
170,662‌
4,978‌
Lindblad
Expeditions
Holdings
Inc
(e)
3,898‌
65‌
Livewire
Group
Inc
(a),(e)
3,182‌
7‌
Marine
Products
Corp
325‌
3‌
OneSpaWorld
Holdings
Ltd
222,599‌
4,374‌
Patrick
Industries
Inc
3,347‌
422‌
Peloton
Interactive
Inc
(e)
14,301‌
80‌
Sabre
Corp
(e)
9,962‌
13‌
Xponential
Fitness
Inc
(e)
3,079‌
25‌
YETI
Holdings
Inc
(e)
191,658‌
8,761‌
$
19,085‌
Lodging
-
0
.01
%
Hilton
Grand
Vacations
Inc
(e)
6,237‌
281‌
Machinery
-
Construction
&
Mining
-
2
.12
%
Bloom
Energy
Corp
(e)
283,790‌
42,957‌
BWX
Technologies
Inc
17,979‌
3,693‌
Lightbridge
Corp
(a),(e)
2,748‌
42‌
NANO
Nuclear
Energy
Inc
(a),(e)
3,860‌
114‌
NuScale
Power
Corp
(e)
13,011‌
228‌
$
47,034‌
Machinery
-
Diversified
-
2
.38
%
Aebi
Schmidt
Holding
AG
159‌
2‌
Alamo
Group
Inc
326‌
64‌
Albany
International
Corp
933‌
52‌
Applied
Industrial
Technologies
Inc
28,517‌
7,426‌
Cactus
Inc
61,956‌
3,484‌
Chart
Industries
Inc
(e)
4,643‌
963‌
CSW
Industrials
Inc
1,677‌
453‌
DXP
Enterprises
Inc/TX
(e)
1,347‌
175‌
Esab
Corp
47,872‌
5,797‌
Gorman-Rupp
Co/The
2,190‌
119‌
IDEX
Corp
23,388‌
4,644‌
Kadant
Inc
23,798‌
7,640‌
Lindsay
Corp
1,132‌
142‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Mueller
Water
Products
Inc
-
Class
A
134,046‌
$
3,628‌
Power
Solutions
International
Inc
(a),(e)
827‌
59‌
Pro-Dex
Inc
(e)
216‌
9‌
Richtech
Robotics
Inc
(a),(e)
15,705‌
56‌
Thermon
Group
Holdings
Inc
(e)
399‌
18‌
Watts
Water
Technologies
Inc
2,823‌
845‌
Zurn
Elkay
Water
Solutions
Corp
371,734‌
17,141‌
$
52,717‌
Media
-
0
.01
%
CuriosityStream
Inc
3,848‌
14‌
GCI
Liberty
Inc
-
Escrow
(e),(f)
157,046‌
—‌
Optimum
Communications
Inc
(e)
4,032‌
6‌
Thryv
Holdings
Inc
(e)
3,818‌
18‌
USA
TODAY
Co
Inc
(e)
13,015‌
77‌
Value
Line
Inc
37‌
2‌
$
117‌
Metal
Fabrication
&
Hardware
-
0
.48
%
Janus
International
Group
Inc
(e)
5,172‌
36‌
Mayville
Engineering
Co
Inc
(e)
74‌
1‌
Omega
Flex
Inc
364‌
12‌
Standex
International
Corp
1,013‌
243‌
Valmont
Industries
Inc
22,731‌
10,128‌
Worthington
Enterprises
Inc
1,065‌
59‌
Xometry
Inc
(e)
4,474‌
256‌
$
10,735‌
Mining
-
0
.72
%
American
Battery
Technology
Co
(e)
6,111‌
25‌
Centrus
Energy
Corp
(a),(e)
1,347‌
375‌
Century
Aluminum
Co
(e)
5,430‌
246‌
Coeur
Mining
Inc
(e)
32,846‌
671‌
Compass
Minerals
International
Inc
(e)
2,705‌
68‌
Constellium
SE
(e)
5,205‌
117‌
Contango
ORE
Inc
(e)
1,137‌
32‌
Critical
Metals
Corp
(a),(e)
1,821‌
24‌
Dakota
Gold
Corp
(e)
9,051‌
54‌
Energy
Fuels
Inc/Canada
(e)
6,254‌
140‌
Hecla
Mining
Co
15,438‌
348‌
Idaho
Strategic
Resources
Inc
(a),(e)
1,467‌
53‌
Ivanhoe
Electric
Inc
/
US
(e)
9,334‌
159‌
Kaiser
Aluminum
Corp
862‌
106‌
Lifezone
Metals
Ltd
(a),(e)
2,678‌
14‌
NioCorp
Developments
Ltd
(e)
10,988‌
65‌
Novagold
Resources
Inc
(e)
28,931‌
253‌
Perpetua
Resources
Corp
(e)
8,716‌
232‌
United
States
Antimony
Corp
(e)
12,197‌
89‌
United
States
Lime
&
Minerals
Inc
1,126‌
136‌
Uranium
Energy
Corp
(e)
520,277‌
8,970‌
US
Gold
Corp
(e)
1,126‌
19‌
US
Goldmining
Inc
(e)
115‌
2‌
USA
Rare
Earth
Inc
(a),(e)
169,792‌
3,806‌
Vox
Royalty
Corp
6,096‌
32‌
$
16,036‌
Miscellaneous
Manufacturers
-
3
.33
%
Byrna
Technologies
Inc
(e)
100,159‌
1,374‌
Enpro
Inc
76,715‌
18,318‌
Entegris
Inc
106,575‌
12,583‌
Fabrinet
(e)
64,353‌
31,498‌
Federal
Signal
Corp
6,175‌
668‌
ITT
Inc
48,186‌
8,784‌
JBT
Marel
Corp
2,596‌
408‌
Materion
Corp
410‌
57‌
Myers
Industries
Inc
536‌
11‌
Park
Aerospace
Corp
909‌
22‌
Sight
Sciences
Inc
(e)
4,350‌
27‌
Sturm
Ruger
&
Co
Inc
442‌
16‌
Trinity
Industries
Inc
3,875‌
111‌
$
73,877‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
216
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Office
Furnishings
-
0
.01
%
CompX
International
Inc
74‌
$
1‌
HNI
Corp
2,694‌
129‌
Interface
Inc
659‌
21‌
$
151‌
Oil
&
Gas
-
0
.07
%
Comstock
Resources
Inc
(e)
5,295‌
129‌
CVR
Energy
Inc
3,246‌
74‌
Delek
US
Holdings
Inc
6,136‌
181‌
Empire
Petroleum
Corp
(a),(e)
727‌
2‌
Epsilon
Energy
Ltd
115‌
1‌
Evolution
Petroleum
Corp
2,850‌
11‌
Gulfport
Energy
Corp
(e)
1,632‌
333‌
Infinity
Natural
Resources
Inc
(e)
131‌
2‌
Kolibri
Global
Energy
Inc
(e)
330‌
1‌
Magnolia
Oil
&
Gas
Corp
3,730‌
95‌
NextNRG
Inc
(e)
307‌
—‌
Par
Pacific
Holdings
Inc
(e)
1,483‌
56‌
Permian
Resources
Corp
28,480‌
459‌
PrimeEnergy
Resources
Corp
(e)
6‌
1‌
Riley
Exploration
Permian
Inc
276‌
8‌
Sable
Offshore
Corp
(a),(e)
7,830‌
76‌
Seadrill
Ltd
(e)
2,405‌
93‌
VAALCO
Energy
Inc
1,247‌
7‌
$
1,529‌
Oil
&
Gas
Services
-
1
.86
%
Archrock
Inc
17,719‌
524‌
Atlas
Energy
Solutions
Inc
5,827‌
68‌
DMC
Global
Inc
(e)
640‌
5‌
Flotek
Industries
Inc
(a),(e)
399‌
7‌
Flowco
Holdings
Inc
1,064‌
22‌
Helix
Energy
Solutions
Group
Inc
(e)
3,677‌
29‌
Kodiak
Gas
Services
Inc
8,682‌
365‌
Matrix
Service
Co
(e)
637‌
9‌
National
Energy
Services
Reunited
Corp
(e)
556‌
11‌
Natural
Gas
Services
Group
Inc
276‌
10‌
Oceaneering
International
Inc
(e)
648,164‌
19,510‌
Select
Water
Solutions
Inc
487‌
6‌
Solaris
Energy
Infrastructure
Inc
(a)
160,109‌
8,836‌
TechnipFMC
PLC
76,822‌
4,280‌
TETRA
Technologies
Inc
(e)
638,305‌
7,277‌
Tidewater
Inc
(e)
4,795‌
300‌
$
41,259‌
Packaging
&
Containers
-
0
.00
%
Ardagh
Metal
Packaging
SA
3,650‌
16‌
Karat
Packaging
Inc
823‌
20‌
O-I
Glass
Inc
(e)
3,911‌
60‌
$
96‌
Pharmaceuticals
-
3
.09
%
Actuate
Therapeutics
Inc
(e)
553‌
3‌
Akebia
Therapeutics
Inc
(e)
1,451‌
2‌
Alkermes
PLC
(e)
12,484‌
423‌
Amneal
Pharmaceuticals
Inc
(e)
13,475‌
184‌
Amphastar
Pharmaceuticals
Inc
(e)
260‌
7‌
Amylyx
Pharmaceuticals
Inc
(e)
7,044‌
101‌
Aquestive
Therapeutics
Inc
(e)
3,044‌
9‌
Arvinas
Inc
(e)
681‌
9‌
Ascendis
Pharma
A/S
ADR
(e)
17,244‌
3,899‌
aTyr
Pharma
Inc
(a),(e)
9,157‌
8‌
Avadel
Pharmaceuticals
PLC
(e)
9,171‌
198‌
Biote
Corp
(e)
620‌
1‌
Candel
Therapeutics
Inc
(a),(e)
4,115‌
24‌
Catalyst
Pharmaceuticals
Inc
(e)
11,881‌
289‌
Coherus
Oncology
Inc
(e)
3,526‌
8‌
Collegium
Pharmaceutical
Inc
(e)
157,779‌
7,246‌
Corcept
Therapeutics
Inc
(e)
53,708‌
2,141‌
CorMedix
Inc
(a),(e)
7,612‌
59‌
Corvus
Pharmaceuticals
Inc
(e)
70,546‌
1,461‌
Enliven
Therapeutics
Inc
(e)
4,046‌
107‌
Eton
Pharmaceuticals
Inc
(e)
2,620‌
39‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Fennec
Pharmaceuticals
Inc
(e)
329‌
$
2‌
FitLife
Brands
Inc
(e)
399‌
6‌
Foghorn
Therapeutics
Inc
(e)
2,352‌
13‌
Fulcrum
Therapeutics
Inc
(e)
167‌
2‌
Guardian
Pharmacy
Services
Inc
(e)
2,312‌
70‌
Gyre
Therapeutics
Inc
(a),(e)
1,209‌
10‌
Harmony
Biosciences
Holdings
Inc
(e)
4,501‌
164‌
Harrow
Inc
(a),(e)
3,251‌
133‌
Herbalife
Ltd
(e)
7,875‌
136‌
Heron
Therapeutics
Inc
(e)
901‌
1‌
Indivior
Pharmaceuticals
Inc
(e)
10,597‌
375‌
Inhibikase
Therapeutics
Inc
(e)
370‌
1‌
Ironwood
Pharmaceuticals
Inc
(e)
15,108‌
74‌
Journey
Medical
Corp
(e)
1,473‌
12‌
KalVista
Pharmaceuticals
Inc
(e)
322,565‌
5,035‌
Lifevantage
Corp
(a)
1,095‌
6‌
Madrigal
Pharmaceuticals
Inc
(e)
11,160‌
5,461‌
MannKind
Corp
(e)
31,040‌
179‌
MediWound
Ltd
(a),(e)
926‌
17‌
Mirum
Pharmaceuticals
Inc
(e)
98,445‌
10,161‌
Nature's
Sunshine
Products
Inc
(e)
437‌
11‌
Neurocrine
Biosciences
Inc
(e)
19,521‌
2,656‌
Novo
Nordisk
A/S
(e),(f)
4,758‌
2‌
Nuvectis
Pharma
Inc
(a),(e)
1,584‌
13‌
Ocular
Therapeutix
Inc
(e)
345,396‌
3,157‌
ORIC
Pharmaceuticals
Inc
(e)
1,849‌
19‌
Pacira
BioSciences
Inc
(e)
396‌
8‌
Pfizer
Inc
-
Contingent
Value
Rights
(a),(e)
2,300‌
11‌
Phibro
Animal
Health
Corp
2,131‌
86‌
Protagonist
Therapeutics
Inc
(e)
5,982‌
489‌
Rhythm
Pharmaceuticals
Inc
(e)
66,848‌
6,854‌
SELLAS
Life
Sciences
Group
Inc
(a),(e)
12,700‌
48‌
SIGA
Technologies
Inc
3,649‌
24‌
Spyre
Therapeutics
Inc
(e)
159,902‌
5,113‌
Supernus
Pharmaceuticals
Inc
(e)
441‌
21‌
Trevi
Therapeutics
Inc
(e)
806,434‌
8,444‌
TuHURA
Biosciences
Inc
(e)
1,266‌
1‌
Vaxcyte
Inc
(e)
65,638‌
3,516‌
Xeris
Biopharma
Holdings
Inc
(e)
15,749‌
116‌
$
68,665‌
Pipelines
-
0
.12
%
Excelerate
Energy
Inc
65,326‌
2,440‌
Kinetik
Holdings
Inc
(a)
3,290‌
134‌
NextDecade
Corp
(a),(e)
13,955‌
74‌
$
2,648‌
Private
Equity
-
0
.01
%
P10
Inc
5,972‌
64‌
Patria
Investments
Ltd
6,756‌
99‌
$
163‌
Real
Estate
-
0
.60
%
Compass
Inc
(e)
466,989‌
5,847‌
eXp
World
Holdings
Inc
9,058‌
82‌
FirstService
Corp
43,324‌
6,726‌
Maui
Land
&
Pineapple
Co
Inc
(a),(e)
571‌
10‌
McGrath
RentCorp
1,927‌
215‌
Real
Brokerage
Inc/The
(a),(e)
13,579‌
48‌
Sky
Harbour
Group
Corp
(a),(e)
2,177‌
20‌
St
Joe
Co/The
3,922‌
260‌
$
13,208‌
REITs
-
0
.40
%
ACRES
Commercial
Realty
Corp
(e)
56‌
1‌
Alexander's
Inc
221‌
54‌
American
Healthcare
REIT
Inc
6,137‌
288‌
Angel
Oak
Mortgage
REIT
Inc
586‌
5‌
Apartment
Investment
and
Management
Co
8,046‌
47‌
Apollo
Commercial
Real
Estate
Finance
Inc
7,111‌
77‌
CareTrust
REIT
Inc
2,272‌
85‌
CBL
&
Associates
Properties
Inc
1,454‌
52‌
Clipper
Realty
Inc
258‌
1‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
217
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
DiamondRock
Hospitality
Co
12,232‌
$
112‌
EastGroup
Properties
Inc
34,267‌
6,224‌
Gladstone
Commercial
Corp
885‌
10‌
National
Health
Investors
Inc
1,091‌
90‌
NETSTREIT
Corp
2,136‌
40‌
NexPoint
Residential
Trust
Inc
690‌
21‌
Outfront
Media
Inc
15,164‌
369‌
Phillips
Edison
&
Co
Inc
2,383‌
86‌
Ryman
Hospitality
Properties
Inc
6,348‌
601‌
Saul
Centers
Inc
1,177‌
37‌
Strawberry
Fields
REIT
Inc
708‌
9‌
Sunstone
Hotel
Investors
Inc
1,333‌
12‌
Tanger
Inc
10,380‌
340‌
Two
Harbors
Investment
Corp
5,611‌
65‌
UMH
Properties
Inc
8,247‌
129‌
Universal
Health
Realty
Income
Trust
1,177‌
47‌
Xenia
Hotels
&
Resorts
Inc
1,605‌
24‌
$
8,826‌
Retail
-
4
.97
%
Abercrombie
&
Fitch
Co
(e)
4,788‌
467‌
Arko
Corp
489‌
3‌
BJ's
Restaurants
Inc
(e)
125,379‌
5,243‌
Black
Rock
Coffee
Bar
Inc
(a),(e)
146,270‌
2,181‌
Bloomin'
Brands
Inc
5,415‌
33‌
Boot
Barn
Holdings
Inc
(e)
114,937‌
20,514‌
Brinker
International
Inc
(e)
4,539‌
716‌
Buckle
Inc/The
3,040‌
144‌
Build-A-Bear
Workshop
Inc
1,289‌
77‌
Camping
World
Holdings
Inc
6,323‌
83‌
Casey's
General
Stores
Inc
15,577‌
9,447‌
Cheesecake
Factory
Inc/The
(a)
4,755‌
276‌
Cracker
Barrel
Old
Country
Store
Inc
(a)
651‌
20‌
Dave
&
Buster's
Entertainment
Inc
(e)
2,786‌
52‌
Dine
Brands
Global
Inc
(a)
212‌
7‌
Dutch
Bros
Inc
(e)
151,581‌
8,245‌
Envela
Corp
(a),(e)
680‌
9‌
EVgo
Inc
(e)
1,994‌
6‌
First
Watch
Restaurant
Group
Inc
(e)
229,765‌
3,674‌
FirstCash
Holdings
Inc
4,061‌
692‌
Five
Below
Inc
(e)
19,695‌
3,774‌
Freshpet
Inc
(e)
99,612‌
6,943‌
Genesco
Inc
(e)
47‌
1‌
Group
1
Automotive
Inc
553‌
196‌
Jack
in
the
Box
Inc
1,516‌
32‌
Krispy
Kreme
Inc
684‌
2‌
Kura
Sushi
USA
Inc
(e)
645‌
43‌
MarineMax
Inc
(e)
71‌
2‌
National
Vision
Holdings
Inc
(e)
686,325‌
18,085‌
Ollie's
Bargain
Outlet
Holdings
Inc
(e)
71,204‌
7,855‌
Papa
John's
International
Inc
287‌
10‌
Petco
Health
&
Wellness
Co
Inc
(e)
434‌
1‌
Portillo's
Inc
(a),(e)
632,158‌
3,572‌
PriceSmart
Inc
2,648‌
377‌
RH
(e)
34,861‌
6,931‌
Savers
Value
Village
Inc
(e)
3,685‌
38‌
Shake
Shack
Inc
(e)
4,005‌
355‌
Sonic
Automotive
Inc
571‌
34‌
Sweetgreen
Inc
(e)
10,630‌
65‌
Texas
Roadhouse
Inc
4,476‌
805‌
Urban
Outfitters
Inc
(e)
2,210‌
157‌
Victoria's
Secret
&
Co
(e)
2,083‌
114‌
Warby
Parker
Inc
(e)
10,089‌
257‌
Wingstop
Inc
32,616‌
8,657‌
$
110,195‌
Savings
&
Loans
-
0
.55
%
Axos
Financial
Inc
(e)
122,989‌
12,174‌
Banc
of
California
Inc
848‌
17‌
Greene
County
Bancorp
Inc
429‌
10‌
Hingham
Institution
For
Savings
The
8‌
2‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Savings
&
Loans
(continued)
Northfield
Bancorp
Inc
461‌
$
6‌
Provident
Financial
Services
Inc
2,154‌
48‌
Southern
Missouri
Bancorp
Inc
57‌
4‌
$
12,261‌
Semiconductors
-
7
.51
%
Aehr
Test
Systems
(e)
2,355‌
60‌
Aeluma
Inc
(a),(e)
85‌
1‌
Allegro
MicroSystems
Inc
(e)
200,484‌
7,400‌
Ambarella
Inc
(e)
4,191‌
268‌
Ambiq
Micro
Inc
(a),(e)
98,698‌
2,999‌
Arteris
Inc
(e)
187‌
3‌
Atomera
Inc
(e)
3,092‌
9‌
Axcelis
Technologies
Inc
(e)
227‌
20‌
Blaize
Holdings
Inc
(a),(e)
5,117‌
7‌
CEVA
Inc
(e)
2,105‌
44‌
FormFactor
Inc
(e)
74,738‌
5,268‌
Impinj
Inc
(e)
42,066‌
5,810‌
IPG
Photonics
Corp
(e)
65,719‌
6,073‌
Kulicke
&
Soffa
Industries
Inc
131,443‌
7,535‌
Lattice
Semiconductor
Corp
(e)
124,457‌
10,021‌
MACOM
Technology
Solutions
Holdings
Inc
(e)
48,167‌
10,552‌
MaxLinear
Inc
(e)
1,094‌
19‌
Navitas
Semiconductor
Corp
(e)
2,509‌
22‌
Onto
Innovation
Inc
(e)
28,928‌
5,845‌
Ouster
Inc
(e)
5,602‌
117‌
Power
Integrations
Inc
105,347‌
4,839‌
Rambus
Inc
(e)
271,493‌
30,904‌
Semtech
Corp
(e)
295,387‌
23,558‌
Silicon
Laboratories
Inc
(e)
3,342‌
476‌
SiTime
Corp
(e)
79,787‌
28,971‌
SkyWater
Technology
Inc
(a),(e)
111,659‌
3,536‌
Synaptics
Inc
(e)
82,752‌
6,828‌
Tower
Semiconductor
Ltd
(e)
40,228‌
5,420‌
Ultra
Clean
Holdings
Inc
(e)
267‌
12‌
$
166,617‌
Software
-
7
.16
%
Accelerant
Holdings
(e)
185,095‌
2,528‌
ACI
Worldwide
Inc
(e)
10,627‌
461‌
ACV
Auctions
Inc
(e)
17,230‌
135‌
Adeia
Inc
9,780‌
177‌
Agilysys
Inc
(e)
80,380‌
6,973‌
Airship
AI
Holdings
Inc
(a),(e)
1,853‌
6‌
Alignment
Healthcare
Inc
(e)
17,391‌
392‌
Alkami
Technology
Inc
(e)
283,163‌
6,000‌
Amplitude
Inc
(e)
621,059‌
5,695‌
Appian
Corp
(e)
4,055‌
113‌
Arrive
AI
Inc
(a),(e)
45‌
—‌
Asana
Inc
(e)
8,891‌
91‌
AvePoint
Inc
(e)
15,067‌
175‌
Bandwidth
Inc
(e)
667‌
9‌
BigBear.ai
Holdings
Inc
(a),(e)
10,399‌
52‌
Blackbaud
Inc
(e)
3,173‌
170‌
BlackLine
Inc
(e)
5,354‌
249‌
Blend
Labs
Inc
(e)
20,249‌
48‌
Box
Inc
(e)
11,212‌
284‌
Braze
Inc
(e)
240,032‌
4,997‌
C3.ai
Inc
(e)
12,830‌
141‌
Carlsmed
Inc
(e)
473‌
6‌
CCC
Intelligent
Solutions
Holdings
Inc
(e)
2,426,017‌
18,389‌
Cerence
Inc
(e)
1,291‌
15‌
Claritev
Corp
(a),(e)
807‌
22‌
Clear
Secure
Inc
8,867‌
289‌
Clearwater
Analytics
Holdings
Inc
(e)
291,738‌
7,028‌
Climb
Global
Solutions
Inc
(a)
413‌
49‌
Commerce.com
Inc
(e)
7,511‌
23‌
Commvault
Systems
Inc
(e)
51,786‌
4,438‌
Confluent
Inc
(e)
274,209‌
8,374‌
CS
Disco
Inc
(e)
1,755‌
11‌
CSG
Systems
International
Inc
2,558‌
204‌
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
218
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Daily
Journal
Corp
(a),(e)
101‌
$
59‌
Digimarc
Corp
(e)
1,599‌
10‌
Digital
Turbine
Inc
(e)
7,144‌
37‌
DigitalOcean
Holdings
Inc
(e)
7,028‌
388‌
Domo
Inc
(e)
2,979‌
18‌
Donnelley
Financial
Solutions
Inc
(e)
1,905‌
99‌
Dynatrace
Inc
(e)
370,443‌
14,110‌
eGain
Corp
(e)
899‌
9‌
EverCommerce
Inc
(a),(e)
1,504‌
18‌
Evolent
Health
Inc
(e)
3,911‌
13‌
Expensify
Inc
(e)
1,682‌
2‌
Five9
Inc
(e)
7,955‌
141‌
Freshworks
Inc
(e)
20,614‌
222‌
Genius
Sports
Ltd
(e)
708,966‌
6,168‌
Golden
Matrix
Group
Inc
(e)
1,027‌
1‌
Guidewire
Software
Inc
(e)
25,113‌
3,535‌
HeartFlow
Inc
(a),(e)
184,847‌
5,521‌
I3
Verticals
Inc
(e)
85‌
2‌
IBEX
Holdings
Ltd
(e)
1,043‌
39‌
Ibotta
Inc
(a),(e)
1,429‌
30‌
Innodata
Inc
(e)
3,167‌
176‌
Intapp
Inc
(e)
5,872‌
199‌
IonQ
Inc
(a),(e)
224,803‌
8,988‌
Jamf
Holding
Corp
(e)
8,013‌
105‌
JFrog
Ltd
(e)
118,637‌
6,501‌
Kaltura
Inc
(e)
9,245‌
15‌
Klaviyo
Inc
(e)
242,449‌
5,385‌
Life360
Inc
(a),(e)
2,102‌
120‌
LiveRamp
Holdings
Inc
(e)
6,647‌
162‌
McGraw
Hill
Inc
(a),(e)
2,131‌
31‌
Navan
Inc
(e)
3,079‌
35‌
Nutex
Health
Inc
(a),(e)
353‌
53‌
Omada
Health
Inc
(e)
596‌
9‌
Onestream
Inc
(e)
324,254‌
7,656‌
Pagaya
Technologies
Ltd
(e)
5,233‌
102‌
PagerDuty
Inc
(a),(e)
9,160‌
97‌
PDF
Solutions
Inc
(e)
246,978‌
7,867‌
Phreesia
Inc
(e)
5,883‌
79‌
Planet
Labs
PBC
(e)
205,525‌
5,132‌
Playtika
Holding
Corp
689‌
3‌
Porch
Group
Inc
(e)
7,167‌
57‌
Progress
Software
Corp
(e)
4,408‌
180‌
Quantum
Computing
Inc
(a),(e)
20,669‌
192‌
Rackspace
Technology
Inc
(e)
1,508‌
1‌
Red
Violet
Inc
(e)
1,199‌
55‌
ReposiTrak
Inc
(a)
1,152‌
12‌
Rezolve
AI
PLC
(a),(e)
18,370‌
47‌
Schrodinger
Inc/United
States
(e)
5,786‌
81‌
SEMrush
Holdings
Inc
(e)
5,318‌
63‌
ServiceTitan
Inc
(e)
81,469‌
6,382‌
Simulations
Plus
Inc
(e)
1,729‌
29‌
SoundHound
AI
Inc
(a),(e)
38,522‌
326‌
Sprout
Social
Inc
(e)
5,397‌
49‌
SPS
Commerce
Inc
(e)
3,923‌
350‌
Synchronoss
Technologies
Inc
(e)
957‌
8‌
Take-Two
Interactive
Software
Inc
(e)
16,060‌
3,538‌
Talkspace
Inc
(e)
14,973‌
61‌
TruBridge
Inc
(e)
1,138‌
22‌
Vertex
Inc
(e)
302,341‌
5,608‌
Via
Transportation
Inc
(a),(e)
847‌
20‌
Viant
Technology
Inc
(e)
1,522‌
18‌
VTEX
(e)
5,763‌
18‌
Waystar
Holding
Corp
(e)
9,579‌
254‌
Weave
Communications
Inc
(e)
6,106‌
40‌
Whitefiber
Inc
(a),(e)
718‌
14‌
WM
Technology
Inc
(e)
9,187‌
7‌
Workiva
Inc
(e)
5,171‌
398‌
Yext
Inc
(e)
10,422‌
75‌
Zeta
Global
Holdings
Corp
(e)
19,338‌
359‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Zspace
Inc
(e)
154‌
$
—‌
$
158,945‌
Telecommunications
-
1
.87
%
A10
Networks
Inc
6,292‌
110‌
ADTRAN
Holdings
Inc
(e)
7,642‌
70‌
Anterix
Inc
(e)
1,069‌
28‌
Applied
Digital
Corp
(e)
18,508‌
627‌
BK
Technologies
Corp
(e)
274‌
21‌
BlackSky
Technology
Inc
(a),(e)
3,205‌
71‌
Calix
Inc
(e)
6,198‌
277‌
Clearfield
Inc
(e)
512‌
15‌
Credo
Technology
Group
Holding
Ltd
(e)
258,425‌
32,375‌
Extreme
Networks
Inc
(e)
13,544‌
197‌
Frequency
Electronics
Inc
(e)
690‌
36‌
Globalstar
Inc
(e)
5,159‌
318‌
Gogo
Inc
(e)
8,061‌
37‌
Harmonic
Inc
(e)
2,652‌
26‌
IDT
Corp
-
Class
B
1,306‌
64‌
Inseego
Corp
(a),(e)
165‌
2‌
InterDigital
Inc
16,821‌
5,491‌
Lumen
Technologies
Inc
(e)
86,462‌
763‌
Ooma
Inc
(e)
2,599‌
31‌
Preformed
Line
Products
Co
13‌
3‌
Satellogic
Inc
(a),(e)
6,822‌
31‌
Viavi
Solutions
Inc
(e)
22,712‌
556‌
Vistance
Networks
Inc
(e)
13,786‌
248‌
$
41,397‌
Transportation
-
0
.08
%
Costamare
Bulkers
Holdings
Ltd
(e)
51‌
1‌
Covenant
Logistics
Group
Inc
333‌
8‌
CryoPort
Inc
(e)
942‌
9‌
FLEX
LNG
Ltd
(a)
481‌
13‌
Forward
Air
Corp
(e)
855‌
24‌
RXO
Inc
(e)
985‌
14‌
Saia
Inc
(e)
4,786‌
1,603‌
Werner
Enterprises
Inc
991‌
34‌
World
Kinect
Corp
607‌
16‌
$
1,722‌
Trucking
&
Leasing
-
0
.00
%
GATX
Corp
285‌
52‌
Willis
Lease
Finance
Corp
14‌
2‌
$
54‌
Water
-
0
.01
%
American
States
Water
Co
2,604‌
190‌
Consolidated
Water
Co
Ltd
443‌
17‌
Global
Water
Resources
Inc
1,217‌
10‌
Middlesex
Water
Co
288‌
15‌
York
Water
Co/The
232‌
8‌
$
240‌
TOTAL
COMMON
STOCKS
$
2,181,521‌
Total
Investments
$
2,264,395‌
Other
Assets
and
Liabilities
-  (2.04)%
(
45,221‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,219,174‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$45,705
or
2.06%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$48,257
or
2.17%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2026
(unaudited)
See
accompanying
notes.
219
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
105,600‌
$
418,763‌
$
449,967‌
$
74,396‌
$
105,600‌
$
418,763‌
$
449,967‌
$
74,396‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
383‌
$
—‌
$
—‌
$
—‌
$
383‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Russell
2000
Emini;
March
2026
Long
21‌
$
2,756‌
$
(
77‌
)
Total
$
(
77‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
220
INVESTMENT
COMPANIES
-
1
.89
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.54
%
iShares
Core
S&P
Small-Cap
ETF
54,144‌
$
6,878‌
Money
Market
Funds
-
1
.35
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
259,765‌
259‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
17,093,561‌
17,094‌
$
17,353‌
TOTAL
INVESTMENT
COMPANIES
$
24,231‌
COMMON
STOCKS
-
97
.87
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
1
.17
%
AAR
Corp
(d)
31,572‌
$
3,344‌
Mercury
Systems
Inc
(d)
42,787‌
4,017‌
Moog
Inc
22,996‌
7,022‌
National
Presto
Industries
Inc
4,282‌
545‌
$
14,928‌
Agriculture
-
0
.37
%
Andersons
Inc/The
27,180‌
1,685‌
Fresh
Del
Monte
Produce
Inc
26,670‌
1,058‌
Universal
Corp/VA
20,161‌
1,141‌
Vital
Farms
Inc
(d)
30,065‌
855‌
$
4,739‌
Airlines
-
0
.47
%
Allegiant
Travel
Co
(d)
10,887‌
965‌
JetBlue
Airways
Corp
(d)
235,399‌
1,146‌
SkyWest
Inc
(d)
32,445‌
3,132‌
Sun
Country
Airlines
Holdings
Inc
(d)
42,648‌
748‌
$
5,991‌
Apparel
-
0
.72
%
Carter's
Inc
29,488‌
1,021‌
Kontoor
Brands
Inc
41,379‌
2,471‌
Oxford
Industries
Inc
11,307‌
417‌
Steven
Madden
Ltd
58,782‌
2,579‌
Under
Armour
Inc
-
Class
A
(d)
152,769‌
943‌
Under
Armour
Inc
-
Class
C
(d)
95,752‌
581‌
Wolverine
World
Wide
Inc
66,313‌
1,175‌
$
9,187‌
Automobile
Parts
&
Equipment
-
1
.04
%
Adient
PLC
(d)
64,075‌
1,333‌
American
Axle
&
Manufacturing
Holdings
Inc
(d)
96,028‌
765‌
Dana
Inc
94,524‌
2,732‌
Dorman
Products
Inc
(d)
22,501‌
2,795‌
Fox
Factory
Holding
Corp
(d)
33,818‌
622‌
Gentherm
Inc
(d)
24,696‌
789‌
Phinia
Inc
31,102‌
2,214‌
Standard
Motor
Products
Inc
16,908‌
675‌
Titan
International
Inc
(d)
38,804‌
370‌
XPEL
Inc
(d)
20,378‌
1,050‌
$
13,345‌
Banks
-
7
.39
%
Ameris
Bancorp
51,748‌
4,172‌
Atlantic
Union
Bankshares
Corp
115,300‌
4,478‌
BancFirst
Corp
16,721‌
1,839‌
Bancorp
Inc/The
(d)
35,531‌
2,112‌
Bank
of
Hawaii
Corp
32,187‌
2,407‌
BankUnited
Inc
60,792‌
2,886‌
Banner
Corp
27,577‌
1,705‌
Cathay
General
Bancorp
55,044‌
2,817‌
Central
Pacific
Financial
Corp
21,705‌
707‌
City
Holding
Co
11,658‌
1,435‌
Community
Financial
System
Inc
42,604‌
2,663‌
Customers
Bancorp
Inc
(d)
25,707‌
2,031‌
CVB
Financial
Corp
104,041‌
2,051‌
Dime
Community
Bancshares
Inc
33,026‌
1,124‌
Eagle
Bancorp
Inc
22,360‌
598‌
FB
Financial
Corp
32,653‌
1,879‌
First
BanCorp/Puerto
Rico
126,936‌
2,808‌
First
Bancorp/Southern
Pines
NC
33,546‌
1,943‌
First
Commonwealth
Financial
Corp
83,674‌
1,509‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
First
Financial
Bancorp
83,699‌
$
2,406‌
First
Hawaiian
Inc
100,092‌
2,657‌
First
Interstate
BancSystem
Inc
72,420‌
2,569‌
Fulton
Financial
Corp
146,104‌
3,017‌
Hanmi
Financial
Corp
24,025‌
638‌
Heritage
Financial
Corp/WA
27,472‌
709‌
Hilltop
Holdings
Inc
34,732‌
1,301‌
Hope
Bancorp
Inc
103,705‌
1,242‌
Independent
Bank
Corp
40,109‌
3,240‌
Lakeland
Financial
Corp
20,654‌
1,231‌
National
Bank
Holdings
Corp
30,598‌
1,229‌
NBT
Bancorp
Inc
42,324‌
1,880‌
OFG
Bancorp
35,561‌
1,433‌
Park
National
Corp
11,577‌
1,886‌
Pathward
Financial
Inc
18,424‌
1,664‌
Preferred
Bank/Los
Angeles
CA
9,177‌
787‌
Renasant
Corp
76,874‌
2,899‌
S&T
Bancorp
Inc
30,924‌
1,319‌
Seacoast
Banking
Corp
of
Florida
78,370‌
2,621‌
ServisFirst
Bancshares
Inc
40,655‌
3,328‌
Simmons
First
National
Corp
117,080‌
2,380‌
Southside
Bancshares
Inc
22,865‌
736‌
Stellar
Bancorp
Inc
37,271‌
1,384‌
Tompkins
Financial
Corp
10,275‌
823‌
Triumph
Financial
Inc
(d)
18,263‌
1,152‌
TrustCo
Bank
Corp
NY
14,906‌
647‌
Trustmark
Corp
48,508‌
2,063‌
United
Community
Banks
Inc/GA
98,342‌
3,386‌
Walker
&
Dunlop
Inc
27,559‌
1,733‌
Westamerica
BanCorp
20,172‌
1,020‌
$
94,544‌
Beverages
-
0
.05
%
National
Beverage
Corp
(d)
18,936‌
645‌
Biotechnology
-
3
.71
%
ACADIA
Pharmaceuticals
Inc
(d)
101,284‌
2,545‌
ADMA
Biologics
Inc
(d)
192,545‌
3,331‌
ANI
Pharmaceuticals
Inc
(d)
14,544‌
1,191‌
Apellis
Pharmaceuticals
Inc
(d)
83,283‌
1,881‌
Arcus
Biosciences
Inc
(d)
69,068‌
1,453‌
Arrowhead
Pharmaceuticals
Inc
(d)
111,854‌
7,755‌
Certara
Inc
(d)
96,641‌
850‌
Cytek
Biosciences
Inc
(d)
88,962‌
445‌
Dynavax
Technologies
Corp
(d)
80,746‌
1,250‌
Innoviva
Inc
(d)
57,464‌
1,149‌
Krystal
Biotech
Inc
(d)
20,879‌
5,830‌
Ligand
Pharmaceuticals
Inc
(d)
15,923‌
3,059‌
Myriad
Genetics
Inc
(d)
75,411‌
424‌
NeoGenomics
Inc
(d)
104,677‌
1,262‌
PTC
Therapeutics
Inc
(d)
64,954‌
4,906‌
Sarepta
Therapeutics
Inc
(d)
84,774‌
1,724‌
TG
Therapeutics
Inc
(d)
109,997‌
3,237‌
Veracyte
Inc
(d)
63,952‌
2,435‌
Vericel
Corp
(d)
40,915‌
1,472‌
Vir
Biotechnology
Inc
(d)
76,521‌
569‌
Xencor
Inc
(d)
57,777‌
699‌
$
47,467‌
Building
Materials
-
1
.78
%
American
Woodmark
Corp
(d)
11,787‌
700‌
Apogee
Enterprises
Inc
17,403‌
646‌
Armstrong
World
Industries
Inc
34,892‌
6,411‌
Boise
Cascade
Co
29,969‌
2,422‌
Gibraltar
Industries
Inc
(d)
23,901‌
1,225‌
Griffon
Corp
31,641‌
2,577‌
Hayward
Holdings
Inc
(d)
161,411‌
2,605‌
Masterbrand
Inc
(d)
102,567‌
1,243‌
Mohawk
Industries
Inc
(d)
42,011‌
4,974‌
$
22,803‌
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
221
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
-
3
.85
%
Balchem
Corp
26,201‌
$
4,459‌
Celanese
Corp
88,592‌
3,937‌
Chemours
Co/The
121,268‌
1,818‌
Eastman
Chemical
Co
92,285‌
6,397‌
Element
Solutions
Inc
184,035‌
5,355‌
FMC
Corp
101,063‌
1,597‌
Hawkins
Inc
16,901‌
2,201‌
HB
Fuller
Co
43,758‌
2,630‌
Ingevity
Corp
(d)
29,096‌
1,914‌
Innospec
Inc
20,046‌
1,638‌
Koppers
Holdings
Inc
15,869‌
467‌
Minerals
Technologies
Inc
25,188‌
1,656‌
Quaker
Chemical
Corp
11,083‌
1,704‌
Rogers
Corp
(d)
13,531‌
1,316‌
Sensient
Technologies
Corp
34,369‌
3,249‌
Solstice
Advanced
Materials
Inc
128,412‌
7,932‌
Stepan
Co
17,385‌
1,002‌
$
49,272‌
Coal
-
1
.06
%
Alpha
Metallurgical
Resources
Inc
(d)
8,738‌
1,833‌
Core
Natural
Resources
Inc
41,454‌
3,954‌
Peabody
Energy
Corp
98,377‌
3,469‌
SunCoke
Energy
Inc
68,497‌
538‌
Warrior
Met
Coal
Inc
42,531‌
3,798‌
$
13,592‌
Commercial
Services
-
4
.00
%
ABM
Industries
Inc
49,540‌
2,281‌
Adtalem
Global
Education
Inc
(d)
29,390‌
3,043‌
Alarm.com
Holdings
Inc
(d)
40,354‌
1,969‌
AMN
Healthcare
Services
Inc
(d)
31,077‌
662‌
Arlo
Technologies
Inc
(d)
85,749‌
1,088‌
CoreCivic
Inc
(d)
84,612‌
1,568‌
Deluxe
Corp
36,412‌
961‌
EVERTEC
Inc
51,765‌
1,553‌
GEO
Group
Inc/The
(d)
110,612‌
1,768‌
Healthcare
Services
Group
Inc
(d)
57,001‌
1,073‌
Hertz
Global
Holdings
Inc
(d),(e)
100,833‌
494‌
Insperity
Inc
28,978‌
1,238‌
John
Wiley
&
Sons
Inc
33,073‌
1,033‌
Korn
Ferry
42,386‌
2,945‌
Legalzoom.com
Inc
(d)
93,637‌
832‌
ManpowerGroup
Inc
37,456‌
1,361‌
MarketAxess
Holdings
Inc
30,073‌
5,089‌
Matthews
International
Corp
24,911‌
655‌
Mister
Car
Wash
Inc
(d)
79,503‌
441‌
Monro
Inc
24,285‌
455‌
Payoneer
Global
Inc
(d)
233,577‌
1,493‌
Perdoceo
Education
Corp
48,916‌
1,567‌
PROG
Holdings
Inc
31,994‌
1,038‌
Progyny
Inc
(d)
64,864‌
1,548‌
Robert
Half
Inc
80,526‌
2,787‌
Sezzle
Inc
(d)
13,815‌
874‌
Strategic
Education
Inc
18,804‌
1,599‌
Stride
Inc
(d)
35,015‌
2,962‌
Upbound
Group
Inc
42,163‌
797‌
Verra
Mobility
Corp
(d)
129,091‌
2,491‌
Vestis
Corp
90,662‌
592‌
WillScot
Holdings
Corp
147,198‌
2,948‌
$
51,205‌
Computers
-
1
.20
%
Amentum
Holdings
Inc
(d)
124,021‌
4,437‌
Corsair
Gaming
Inc
(d)
37,937‌
193‌
DXC
Technology
Co
(d)
140,878‌
2,033‌
Grid
Dynamics
Holdings
Inc
(d)
53,514‌
443‌
Insight
Enterprises
Inc
(d)
25,064‌
2,106‌
NCR
Atleos
Corp
(d)
59,789‌
2,230‌
NCR
Voyix
Corp
(d)
112,047‌
1,112‌
NetScout
Systems
Inc
(d)
55,485‌
1,543‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Pitney
Bowes
Inc
119,771‌
$
1,249‌
$
15,346‌
Consumer
Products
-
0
.33
%
Quanex
Building
Products
Corp
36,905‌
691‌
Reynolds
Consumer
Products
Inc
44,242‌
1,025‌
WD-40
Co
10,945‌
2,531‌
$
4,247‌
Cosmetics
&
Personal
Care
-
0
.49
%
Edgewell
Personal
Care
Co
37,591‌
731‌
Interparfums
Inc
14,787‌
1,443‌
Perrigo
Co
PLC
111,340‌
1,582‌
Prestige
Consumer
Healthcare
Inc
(d)
38,901‌
2,508‌
$
6,264‌
Distribution
&
Wholesale
-
1
.40
%
G-III
Apparel
Group
Ltd
30,055‌
882‌
LKQ
Corp
207,080‌
6,803‌
OPENLANE
Inc
(d)
85,969‌
2,582‌
Resideo
Technologies
Inc
(d)
111,432‌
3,818‌
Rush
Enterprises
Inc
-
Class
A
49,063‌
3,149‌
ScanSource
Inc
(d)
16,333‌
702‌
$
17,936‌
Diversified
Financial
Services
-
4
.53
%
Acadian
Asset
Management
Inc
21,379‌
1,185‌
Air
Lease
Corp
84,995‌
5,493‌
Artisan
Partners
Asset
Management
Inc
57,005‌
2,538‌
BGC
Group
Inc
290,676‌
2,648‌
Bread
Financial
Holdings
Inc
36,942‌
2,680‌
Cohen
&
Steers
Inc
22,284‌
1,432‌
Enact
Holdings
Inc
23,364‌
929‌
Encore
Capital
Group
Inc
(d)
18,045‌
996‌
Enova
International
Inc
(d)
20,066‌
3,314‌
EZCORP
Inc
(d)
46,860‌
1,005‌
Moelis
&
Co
59,865‌
4,290‌
Navient
Corp
54,431‌
534‌
Piper
Sandler
Cos
13,459‌
4,662‌
PJT
Partners
Inc
19,665‌
3,403‌
PRA
Group
Inc
(d)
31,564‌
404‌
Radian
Group
Inc
109,613‌
3,606‌
StepStone
Group
Inc
58,891‌
4,163‌
StoneX
Group
Inc
(d)
37,567‌
4,217‌
Victory
Capital
Holdings
Inc
38,875‌
2,742‌
Virtu
Financial
Inc
64,569‌
2,680‌
Virtus
Investment
Partners
Inc
5,137‌
839‌
Western
Union
Co/The
257,143‌
2,409‌
WisdomTree
Inc
92,951‌
1,506‌
World
Acceptance
Corp
(d)
2,327‌
282‌
$
57,957‌
Electric
-
1
.13
%
Avista
Corp
65,831‌
2,718‌
Clearway
Energy
Inc
-
Class
A
28,004‌
946‌
Clearway
Energy
Inc
-
Class
C
68,641‌
2,481‌
Hawaiian
Electric
Industries
Inc
(d)
139,652‌
2,139‌
MGE
Energy
Inc
29,564‌
2,362‌
Otter
Tail
Corp
33,903‌
3,023‌
Unitil
Corp
14,493‌
738‌
$
14,407‌
Electrical
Components
&
Equipment
-
0
.63
%
AZZ
Inc
24,316‌
3,022‌
Energizer
Holdings
Inc
49,156‌
1,073‌
Insteel
Industries
Inc
15,708‌
521‌
Powell
Industries
Inc
7,616‌
3,378‌
$
7,994‌
Electronics
-
3
.75
%
Badger
Meter
Inc
23,842‌
3,495‌
Benchmark
Electronics
Inc
28,865‌
1,505‌
Brady
Corp
35,238‌
3,047‌
CTS
Corp
23,504‌
1,209‌
ESCO
Technologies
Inc
20,893‌
4,767‌
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
222
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electronics
(continued)
Itron
Inc
(d)
37,053‌
$
3,671‌
Knowles
Corp
(d)
68,890‌
1,670‌
Mirion
Technologies
Inc
(d)
200,492‌
4,980‌
OSI
Systems
Inc
(d)
12,911‌
3,230‌
Plexus
Corp
(d)
21,833‌
4,352‌
Ralliant
Corp
91,263‌
4,834‌
Sanmina
Corp
(d)
44,143‌
6,254‌
Vicor
Corp
(d)
18,381‌
2,898‌
Vishay
Intertechnology
Inc
99,907‌
2,013‌
$
47,925‌
Energy
-
Alternate
Sources
-
0
.76
%
Enphase
Energy
Inc
(d)
105,869‌
3,915‌
REX
American
Resources
Corp
(d)
23,000‌
778‌
SolarEdge
Technologies
Inc
(d)
48,379‌
1,497‌
Sunrun
Inc
(d)
187,726‌
3,567‌
$
9,757‌
Engineering
&
Construction
-
2
.00
%
Arcosa
Inc
39,679‌
4,542‌
Everus
Construction
Group
Inc
(d)
41,266‌
3,652‌
Frontdoor
Inc
(d)
58,341‌
3,449‌
Granite
Construction
Inc
35,314‌
4,264‌
MYR
Group
Inc
(d)
12,559‌
3,140‌
Primoris
Services
Corp
43,712‌
6,480‌
$
25,527‌
Entertainment
-
1
.47
%
Caesars
Entertainment
Inc
(d)
165,127‌
3,418‌
Cinemark
Holdings
Inc
83,484‌
1,977‌
Golden
Entertainment
Inc
15,882‌
427‌
Madison
Square
Garden
Sports
Corp
(d)
14,536‌
4,122‌
Marriott
Vacations
Worldwide
Corp
22,402‌
1,217‌
Monarch
Casino
&
Resort
Inc
10,040‌
919‌
Penn
Entertainment
Inc
(d)
103,348‌
1,327‌
Pursuit
Attractions
and
Hospitality
Inc
(d)
17,390‌
604‌
Red
Rock
Resorts
Inc
39,270‌
2,479‌
Six
Flags
Entertainment
Corp
(d)
82,094‌
1,478‌
United
Parks
&
Resorts
Inc
(d)
22,067‌
831‌
$
18,799‌
Environmental
Control
-
0
.50
%
Casella
Waste
Systems
Inc
(d)
50,567‌
5,101‌
Enviri
Corp
(d)
65,250‌
1,235‌
$
6,336‌
Food
-
0
.95
%
Cal-Maine
Foods
Inc
36,884‌
3,081‌
Chefs'
Warehouse
Inc/The
(d)
29,295‌
1,843‌
Grocery
Outlet
Holding
Corp
(d)
79,395‌
756‌
J
&
J
Snack
Foods
Corp
12,600‌
1,197‌
John
B
Sanfilippo
&
Son
Inc
7,320‌
592‌
Simply
Good
Foods
Co/The
(d)
74,324‌
1,395‌
Tootsie
Roll
Industries
Inc
15,902‌
602‌
TreeHouse
Foods
Inc
(d)
35,953‌
886‌
United
Natural
Foods
Inc
(d)
49,068‌
1,827‌
$
12,179‌
Forest
Products
&
Paper
-
0
.10
%
Sylvamo
Corp
26,802‌
1,312‌
Gas
-
0
.58
%
Chesapeake
Utilities
Corp
19,134‌
2,462‌
MDU
Resources
Group
Inc
165,308‌
3,391‌
Northwest
Natural
Holding
Co
33,579‌
1,563‌
$
7,416‌
Hand
&
Machine
Tools
-
0
.54
%
Enerpac
Tool
Group
Corp
42,864‌
1,730‌
Franklin
Electric
Co
Inc
30,969‌
3,085‌
Kennametal
Inc
61,561‌
2,117‌
$
6,932‌
Healthcare
-
Products
-
3
.19
%
Artivion
Inc
(d)
33,727‌
1,375‌
Avanos
Medical
Inc
(d)
37,554‌
500‌
Azenta
Inc
(d)
33,006‌
1,283‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
BioLife
Solutions
Inc
(d)
31,551‌
$
688‌
CONMED
Corp
25,054‌
962‌
Embecta
Corp
47,316‌
502‌
Enovis
Corp
(d)
46,267‌
1,020‌
Glaukos
Corp
(d)
46,465‌
5,547‌
ICU
Medical
Inc
(d)
19,973‌
2,994‌
Inspire
Medical
Systems
Inc
(d)
21,392‌
1,621‌
Integer
Holdings
Corp
(d)
28,347‌
2,462‌
Integra
LifeSciences
Holdings
Corp
(d)
54,194‌
604‌
LeMaitre
Vascular
Inc
16,885‌
1,435‌
Merit
Medical
Systems
Inc
(d)
47,967‌
3,889‌
Neogen
Corp
(d)
175,799‌
1,797‌
OmniAb
Inc
-
Rights
(d)
7,689‌
—‌
OmniAb
Inc
-
Rights
(d)
7,689‌
—‌
Omnicell
Inc
(d)
36,307‌
1,761‌
QuidelOrtho
Corp
(d)
54,959‌
1,493‌
STAAR
Surgical
Co
(d)
40,242‌
762‌
Tandem
Diabetes
Care
Inc
(d)
54,853‌
1,091‌
Teleflex
Inc
35,754‌
3,732‌
TransMedics
Group
Inc
(d)
27,647‌
3,704‌
UFP
Technologies
Inc
(d)
6,240‌
1,567‌
$
40,789‌
Healthcare
-
Services
-
1
.84
%
Acadia
Healthcare
Co
Inc
(d)
74,639‌
1,003‌
Addus
HomeCare
Corp
(d)
14,755‌
1,527‌
Astrana
Health
Inc
(d)
34,903‌
794‌
BrightSpring
Health
Services
Inc
(d)
91,921‌
3,610‌
Concentra
Group
Holdings
Parent
Inc
96,434‌
2,139‌
CorVel
Corp
(d)
25,291‌
1,761‌
Fortrea
Holdings
Inc
(d)
74,753‌
1,256‌
National
HealthCare
Corp
10,042‌
1,437‌
Pediatrix
Medical
Group
Inc
(d)
68,104‌
1,456‌
Privia
Health
Group
Inc
(d)
93,540‌
2,172‌
RadNet
Inc
(d)
56,171‌
3,937‌
Select
Medical
Holdings
Corp
89,153‌
1,342‌
US
Physical
Therapy
Inc
12,301‌
1,032‌
$
23,466‌
Home
Builders
-
2
.29
%
Cavco
Industries
Inc
(d)
6,315‌
3,107‌
Century
Communities
Inc
20,682‌
1,303‌
Champion
Homes
Inc
(d)
45,191‌
3,542‌
Dream
Finders
Homes
Inc
(d)
23,239‌
427‌
Green
Brick
Partners
Inc
(d)
24,672‌
1,712‌
Installed
Building
Products
Inc
18,323‌
5,280‌
LCI
Industries
19,577‌
2,872‌
LGI
Homes
Inc
(d)
16,431‌
823‌
M/I
Homes
Inc
(d)
21,155‌
2,828‌
Meritage
Homes
Corp
56,961‌
3,959‌
Tri
Pointe
Homes
Inc
(d)
69,538‌
2,319‌
Winnebago
Industries
Inc
22,819‌
1,048‌
$
29,220‌
Home
Furnishings
-
0
.33
%
Ethan
Allen
Interiors
Inc
18,734‌
430‌
Leggett
&
Platt
Inc
109,571‌
1,279‌
MillerKnoll
Inc
55,429‌
1,113‌
Sonos
Inc
(d)
97,795‌
1,403‌
$
4,225‌
Housewares
-
0
.23
%
Central
Garden
&
Pet
Co
(d)
6,558‌
222‌
Central
Garden
&
Pet
Co
-
A
Shares
(d)
41,760‌
1,281‌
Newell
Brands
Inc
339,141‌
1,441‌
$
2,944‌
Insurance
-
2
.90
%
AMERISAFE
Inc
15,301‌
575‌
Assured
Guaranty
Ltd
35,049‌
2,974‌
Employers
Holdings
Inc
18,186‌
793‌
Genworth
Financial
Inc
(d)
323,107‌
2,695‌
Goosehead
Insurance
Inc
(d)
20,152‌
1,246‌
HCI
Group
Inc
8,690‌
1,379‌
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
223
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Horace
Mann
Educators
Corp
32,915‌
$
1,475‌
Jackson
Financial
Inc
54,989‌
6,539‌
Lincoln
National
Corp
136,760‌
5,691‌
Mercury
General
Corp
21,510‌
1,884‌
NMI
Holdings
Inc
(d)
62,188‌
2,408‌
Palomar
Holdings
Inc
(d)
21,441‌
2,650‌
ProAssurance
Corp
(d)
41,595‌
1,007‌
Safety
Insurance
Group
Inc
12,050‌
948‌
SiriusPoint
Ltd
(d)
84,110‌
1,717‌
Stewart
Information
Services
Corp
22,672‌
1,529‌
Trupanion
Inc
(d)
27,259‌
872‌
United
Fire
Group
Inc
17,752‌
638‌
$
37,020‌
Internet
-
1
.85
%
Angi
Inc
(d)
28,976‌
376‌
Cargurus
Inc
(d)
65,723‌
2,129‌
Cars.com
Inc
(d)
45,003‌
511‌
Cogent
Communications
Holdings
Inc
38,400‌
933‌
ePlus
Inc
21,190‌
1,818‌
Etsy
Inc
(d)
79,855‌
4,229‌
HealthStream
Inc
19,202‌
428‌
IAC
Inc
(d)
52,745‌
1,949‌
Liquidity
Services
Inc
(d)
19,207‌
615‌
Q2
Holdings
Inc
(d)
50,587‌
3,099‌
QuinStreet
Inc
(d)
45,914‌
610‌
Shutterstock
Inc
19,539‌
388‌
Sprinklr
Inc
(d)
97,939‌
625‌
TripAdvisor
Inc
(d)
94,580‌
1,257‌
Upwork
Inc
(d)
105,703‌
2,117‌
Yelp
Inc
(d)
47,261‌
1,294‌
Ziff
Davis
Inc
(d)
31,961‌
1,222‌
$
23,600‌
Investment
Companies
-
0
.71
%
Cleanspark
Inc
(d)
227,402‌
2,692‌
HA
Sustainable
Infrastructure
Capital
Inc
102,000‌
3,510‌
MARA
Holdings
Inc
(d)
305,957‌
2,907‌
$
9,109‌
Leisure
Products
&
Services
-
0
.59
%
Acushnet
Holdings
Corp
22,306‌
2,162‌
Callaway
Golf
Co
(d)
113,062‌
1,623‌
Patrick
Industries
Inc
26,921‌
3,397‌
Sabre
Corp
(d)
319,469‌
415‌
$
7,597‌
Machinery
-
Construction
&
Mining
-
0
.07
%
Astec
Industries
Inc
18,508‌
902‌
Machinery
-
Diversified
-
2
.43
%
Alamo
Group
Inc
8,724‌
1,704‌
Albany
International
Corp
23,219‌
1,288‌
Cactus
Inc
55,692‌
3,132‌
CSW
Industrials
Inc
13,501‌
3,645‌
DXP
Enterprises
Inc/TX
(d)
10,275‌
1,336‌
Gates
Industrial
Corp
PLC
(d)
208,953‌
4,810‌
Ichor
Holdings
Ltd
(d)
27,817‌
844‌
Kadant
Inc
9,529‌
3,059‌
Lindsay
Corp
8,741‌
1,095‌
Mueller
Water
Products
Inc
-
Class
A
126,475‌
3,424‌
Tennant
Co
14,665‌
1,116‌
Zurn
Elkay
Water
Solutions
Corp
120,497‌
5,556‌
$
31,009‌
Media
-
0
.57
%
Cable
One
Inc
3,739‌
303‌
Scholastic
Corp
18,291‌
640‌
TEGNA
Inc
130,298‌
2,496‌
Versant
Media
Group
Inc
(d)
117,201‌
3,818‌
$
7,257‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Metal
Fabrication
&
Hardware
-
0
.50
%
Metallus
Inc
(d)
28,978‌
$
578‌
Proto
Labs
Inc
(d)
19,157‌
1,009‌
Standex
International
Corp
9,802‌
2,352‌
Worthington
Enterprises
Inc
25,314‌
1,407‌
Worthington
Steel
Inc
26,320‌
1,059‌
$
6,405‌
Mining
-
0
.28
%
Century
Aluminum
Co
(d)
43,044‌
1,951‌
Kaiser
Aluminum
Corp
12,988‌
1,593‌
$
3,544‌
Miscellaneous
Manufacturers
-
1
.72
%
Enpro
Inc
17,043‌
4,070‌
Federal
Signal
Corp
49,196‌
5,318‌
Hillenbrand
Inc
57,027‌
1,820‌
JBT
Marel
Corp
42,046‌
6,614‌
Materion
Corp
16,774‌
2,319‌
Trinity
Industries
Inc
64,868‌
1,864‌
$
22,005‌
Office
Furnishings
-
0
.32
%
HNI
Corp
55,710‌
2,662‌
Interface
Inc
47,240‌
1,487‌
$
4,149‌
Oil
&
Gas
-
2
.18
%
California
Resources
Corp
63,541‌
3,399‌
Comstock
Resources
Inc
(d)
64,014‌
1,559‌
Crescent
Energy
Co
195,585‌
1,911‌
CVR
Energy
Inc
24,400‌
555‌
Helmerich
&
Payne
Inc
80,449‌
2,726‌
Magnolia
Oil
&
Gas
Corp
148,174‌
3,780‌
Noble
Corp
PLC
101,523‌
3,616‌
Northern
Oil
&
Gas
Inc
78,588‌
1,965‌
Par
Pacific
Holdings
Inc
(d)
40,687‌
1,535‌
Patterson-UTI
Energy
Inc
279,201‌
2,102‌
SM
Energy
Co
183,767‌
3,578‌
Talos
Energy
Inc
(d)
101,768‌
1,213‌
$
27,939‌
Oil
&
Gas
Services
-
1
.70
%
Archrock
Inc
141,878‌
4,198‌
Atlas
Energy
Solutions
Inc
62,188‌
726‌
Bristow
Group
Inc
(d)
20,355‌
895‌
Core
Laboratories
Inc
37,671‌
736‌
DNOW
Inc
(d)
150,204‌
2,281‌
Helix
Energy
Solutions
Group
Inc
(d)
110,662‌
879‌
Innovex
International
Inc
(d)
31,227‌
776‌
Kodiak
Gas
Services
Inc
67,241‌
2,825‌
Liberty
Energy
Inc
131,035‌
3,230‌
Oceaneering
International
Inc
(d)
80,720‌
2,430‌
RPC
Inc
71,941‌
478‌
Tidewater
Inc
(d)
37,290‌
2,330‌
$
21,784‌
Packaging
&
Containers
-
0
.54
%
O-I
Glass
Inc
(d)
124,262‌
1,899‌
Sealed
Air
Corp
119,026‌
4,985‌
$
6,884‌
Pharmaceuticals
-
2
.23
%
AdaptHealth
Corp
(d)
86,821‌
873‌
Alkermes
PLC
(d)
133,584‌
4,527‌
Amneal
Pharmaceuticals
Inc
(d)
137,831‌
1,886‌
Amphastar
Pharmaceuticals
Inc
(d)
28,626‌
758‌
Catalyst
Pharmaceuticals
Inc
(d)
93,471‌
2,271‌
Collegium
Pharmaceutical
Inc
(d)
25,573‌
1,174‌
Corcept
Therapeutics
Inc
(d)
75,739‌
3,020‌
Harmony
Biosciences
Holdings
Inc
(d)
32,152‌
1,174‌
Indivior
Pharmaceuticals
Inc
(d)
101,009‌
3,574‌
Organon
&
Co
210,331‌
1,796‌
Pacira
BioSciences
Inc
(d)
34,805‌
715‌
Phibro
Animal
Health
Corp
16,542‌
664‌
Protagonist
Therapeutics
Inc
(d)
47,541‌
3,889‌
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
224
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Supernus
Pharmaceuticals
Inc
(d)
46,388‌
$
2,234‌
$
28,555‌
Pipelines
-
0
.12
%
Kinetik
Holdings
Inc
(e)
36,777‌
1,505‌
Real
Estate
-
0
.58
%
Cushman
&
Wakefield
Ltd
(d)
187,373‌
3,080‌
eXp
World
Holdings
Inc
73,246‌
662‌
Kennedy-Wilson
Holdings
Inc
97,064‌
956‌
Marcus
&
Millichap
Inc
19,517‌
531‌
St
Joe
Co/The
32,235‌
2,134‌
$
7,363‌
REITs
-
7
.04
%
Acadia
Realty
Trust
106,010‌
2,121‌
Adamas
Trust
Inc
67,947‌
544‌
Alexander
&
Baldwin
Inc
58,863‌
1,221‌
American
Assets
Trust
Inc
38,207‌
690‌
Apollo
Commercial
Real
Estate
Finance
Inc
105,664‌
1,142‌
Apple
Hospitality
REIT
Inc
177,997‌
2,072‌
Arbor
Realty
Trust
Inc
158,333‌
1,219‌
Armada
Hoffler
Properties
Inc
64,846‌
452‌
ARMOUR
Residential
REIT
Inc
90,528‌
1,575‌
Blackstone
Mortgage
Trust
Inc
127,551‌
2,455‌
CareTrust
REIT
Inc
180,653‌
6,746‌
Centerspace
13,514‌
869‌
Curbline
Properties
Corp
78,424‌
1,902‌
DiamondRock
Hospitality
Co
164,800‌
1,513‌
Douglas
Emmett
Inc
135,480‌
1,431‌
Easterly
Government
Properties
Inc
35,401‌
828‌
Ellington
Financial
Inc
86,820‌
1,116‌
Essential
Properties
Realty
Trust
Inc
160,303‌
4,867‌
Four
Corners
Property
Trust
Inc
85,822‌
2,115‌
Franklin
BSP
Realty
Trust
Inc
66,022‌
677‌
Getty
Realty
Corp
42,977‌
1,283‌
Global
Net
Lease
Inc
159,503‌
1,509‌
Highwoods
Properties
Inc
88,906‌
2,298‌
Innovative
Industrial
Properties
Inc
22,672‌
1,095‌
JBG
SMITH
Properties
47,879‌
806‌
KKR
Real
Estate
Finance
Trust
Inc
43,975‌
364‌
LTC
Properties
Inc
38,520‌
1,405‌
LXP
Industrial
Trust
47,861‌
2,372‌
Macerich
Co/The
207,203‌
3,922‌
Medical
Properties
Trust
Inc
399,032‌
2,003‌
Millrose
Properties
Inc
124,738‌
3,717‌
NexPoint
Residential
Trust
Inc
17,963‌
543‌
Outfront
Media
Inc
117,708‌
2,863‌
Pebblebrook
Hotel
Trust
91,902‌
1,050‌
PennyMac
Mortgage
Investment
Trust
70,399‌
833‌
Phillips
Edison
&
Co
Inc
101,774‌
3,687‌
Redwood
Trust
Inc
102,488‌
562‌
Ryman
Hospitality
Properties
Inc
50,972‌
4,827‌
Safehold
Inc
37,154‌
524‌
Saul
Centers
Inc
10,072‌
320‌
SL
Green
Realty
Corp
57,462‌
2,573‌
Summit
Hotel
Properties
Inc
85,677‌
379‌
Sunstone
Hotel
Investors
Inc
153,635‌
1,347‌
Tanger
Inc
93,125‌
3,047‌
Terreno
Realty
Corp
83,649‌
5,148‌
Two
Harbors
Investment
Corp
84,265‌
967‌
Universal
Health
Realty
Income
Trust
10,327‌
410‌
Urban
Edge
Properties
101,819‌
1,978‌
Veris
Residential
Inc
65,711‌
998‌
Whitestone
REIT
36,323‌
517‌
Xenia
Hotels
&
Resorts
Inc
76,700‌
1,131‌
$
90,033‌
Retail
-
5
.07
%
Academy
Sports
&
Outdoors
Inc
53,900‌
2,965‌
Advance
Auto
Parts
Inc
48,559‌
2,331‌
American
Eagle
Outfitters
Inc
127,409‌
2,970‌
Asbury
Automotive
Group
Inc
(d)
15,729‌
3,689‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
BJ's
Restaurants
Inc
(d)
17,099‌
$
715‌
Bloomin'
Brands
Inc
62,047‌
372‌
Boot
Barn
Holdings
Inc
(d)
24,663‌
4,402‌
Brinker
International
Inc
(d)
35,946‌
5,669‌
Buckle
Inc/The
24,368‌
1,153‌
CarMax
Inc
(d)
118,801‌
5,291‌
Cheesecake
Factory
Inc/The
37,098‌
2,150‌
Cracker
Barrel
Old
Country
Store
Inc
(e)
18,017‌
543‌
Dave
&
Buster's
Entertainment
Inc
(d)
21,876‌
411‌
Freshpet
Inc
(d)
39,487‌
2,752‌
Group
1
Automotive
Inc
10,008‌
3,545‌
Kohl's
Corp
90,671‌
1,584‌
La-Z-Boy
Inc
33,338‌
1,214‌
MarineMax
Inc
(d)
15,281‌
413‌
National
Vision
Holdings
Inc
(d)
64,163‌
1,691‌
Papa
John's
International
Inc
26,527‌
933‌
PC
Connection
Inc
9,191‌
540‌
PriceSmart
Inc
20,474‌
2,912‌
Sally
Beauty
Holdings
Inc
(d)
78,878‌
1,201‌
Shake
Shack
Inc
(d)
32,567‌
2,884‌
Signet
Jewelers
Ltd
33,129‌
3,057‌
Sonic
Automotive
Inc
12,004‌
720‌
Urban
Outfitters
Inc
(d)
43,541‌
3,085‌
Victoria's
Secret
&
Co
(d)
64,854‌
3,535‌
Wendy's
Co/The
127,811‌
996‌
Winmark
Corp
2,390‌
1,077‌
$
64,800‌
Savings
&
Loans
-
1
.42
%
Axos
Financial
Inc
(d)
45,825‌
4,536‌
Banc
of
California
Inc
108,598‌
2,170‌
Beacon
Financial
Corp
67,883‌
1,925‌
Capitol
Federal
Financial
Inc
98,399‌
716‌
Northwest
Bancshares
Inc
118,198‌
1,522‌
Provident
Financial
Services
Inc
105,676‌
2,340‌
WaFd
Inc
63,745‌
2,079‌
WSFS
Financial
Corp
44,234‌
2,863‌
$
18,151‌
Semiconductors
-
3
.47
%
ACM
Research
Inc
(d)
43,097‌
2,505‌
Alpha
&
Omega
Semiconductor
Ltd
(d)
20,185‌
446‌
Axcelis
Technologies
Inc
(d)
25,079‌
2,209‌
Cohu
Inc
(d)
37,776‌
1,078‌
Diodes
Inc
(d)
37,527‌
2,221‌
FormFactor
Inc
(d)
62,712‌
4,421‌
Impinj
Inc
(d)
21,679‌
2,994‌
Kulicke
&
Soffa
Industries
Inc
42,188‌
2,419‌
MaxLinear
Inc
(d)
66,445‌
1,153‌
Penguin
Solutions
Inc
(d)
38,915‌
748‌
Photronics
Inc
(d)
47,737‌
1,650‌
Power
Integrations
Inc
44,767‌
2,057‌
Qorvo
Inc
(d)
68,024‌
5,313‌
Semtech
Corp
(d)
70,201‌
5,598‌
SiTime
Corp
(d)
17,737‌
6,440‌
Ultra
Clean
Holdings
Inc
(d)
36,719‌
1,604‌
Veeco
Instruments
Inc
(d)
48,673‌
1,520‌
$
44,376‌
Software
-
2
.69
%
ACI
Worldwide
Inc
(d)
83,400‌
3,616‌
Adeia
Inc
88,597‌
1,603‌
Agilysys
Inc
(d)
20,530‌
1,781‌
BlackLine
Inc
(d)
40,426‌
1,879‌
Box
Inc
(d)
117,216‌
2,971‌
Clear
Secure
Inc
71,730‌
2,340‌
CSG
Systems
International
Inc
21,977‌
1,753‌
Digi
International
Inc
(d)
30,033‌
1,294‌
DigitalOcean
Holdings
Inc
(d)
55,513‌
3,067‌
Donnelley
Financial
Solutions
Inc
(d)
21,469‌
1,111‌
DoubleVerify
Holdings
Inc
(d)
108,181‌
1,170‌
LiveRamp
Holdings
Inc
(d)
51,494‌
1,254‌
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
225
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
N-able
Inc/US
(d)
60,298‌
$
366‌
PDF
Solutions
Inc
(d)
25,894‌
825‌
Progress
Software
Corp
(d)
34,714‌
1,420‌
Schrodinger
Inc/United
States
(d)
45,399‌
634‌
SPS
Commerce
Inc
(d)
30,508‌
2,723‌
Teradata
Corp
(d)
75,401‌
2,150‌
Waystar
Holding
Corp
(d)
92,868‌
2,467‌
$
34,424‌
Telecommunications
-
2
.80
%
A10
Networks
Inc
58,028‌
1,012‌
Calix
Inc
(d)
48,792‌
2,180‌
Extreme
Networks
Inc
(d)
108,180‌
1,577‌
Gogo
Inc
(d)
62,808‌
288‌
Harmonic
Inc
(d)
90,799‌
883‌
InterDigital
Inc
20,829‌
6,799‌
Iridium
Communications
Inc
84,741‌
1,688‌
Lumen
Technologies
Inc
(d)
763,383‌
6,733‌
Shenandoah
Telecommunications
Co
36,864‌
438‌
Telephone
and
Data
Systems
Inc
79,511‌
3,588‌
Uniti
Group
Inc
(d)
145,038‌
1,207‌
Viasat
Inc
(d)
109,430‌
4,943‌
Viavi
Solutions
Inc
(d)
180,572‌
4,417‌
$
35,753‌
Textiles
-
0
.20
%
UniFirst
Corp/MA
11,785‌
2,534‌
Transportation
-
1
.42
%
ArcBest
Corp
18,212‌
1,643‌
Dorian
LPG
Ltd
29,804‌
880‌
Forward
Air
Corp
(d)
17,948‌
500‌
Heartland
Express
Inc
36,968‌
373‌
Hub
Group
Inc
49,010‌
2,332‌
International
Seaways
Inc
32,769‌
1,955‌
Marten
Transport
Ltd
46,826‌
576‌
Matson
Inc
25,226‌
4,044‌
RXO
Inc
(d)
132,770‌
1,936‌
Schneider
National
Inc
40,310‌
1,082‌
Werner
Enterprises
Inc
48,404‌
1,658‌
World
Kinect
Corp
44,949‌
1,209‌
$
18,188‌
Trucking
&
Leasing
-
0
.10
%
Greenbrier
Cos
Inc/The
25,048‌
1,263‌
Water
-
0
.52
%
American
States
Water
Co
31,320‌
2,285‌
California
Water
Service
Group
48,211‌
2,155‌
H2O
America
26,939‌
1,402‌
Middlesex
Water
Co
14,835‌
777‌
$
6,619‌
TOTAL
COMMON
STOCKS
$
1,251,464‌
Total
Investments
$
1,275,695‌
Other
Assets
and
Liabilities
-  0.24%
3,021‌
TOTAL
NET
ASSETS
-
100.00%
$
1,278,716‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,559
or
0.20%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,516
or
0.20%
of
net
assets.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
40,747‌
$
134,787‌
$
158,440‌
$
17,094‌
$
40,747‌
$
134,787‌
$
158,440‌
$
17,094‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
235‌
$
—‌
$
—‌
$
—‌
$
235‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
226
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Russell
2000
Emini;
March
2026
Long
163‌
$
21,390‌
$
(
158‌
)
Total
$
(
158‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
227
INVESTMENT
COMPANIES
-
6
.41
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
2
.67
%
iShares
Russell
2000
Value
ETF
164,569‌
$
31,906‌
Money
Market
Funds
-
3
.74
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
3.58%
(a),(b)
584,354‌
585‌
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
(a),(b),(c)
43,987,533‌
43,987‌
$
44,572‌
TOTAL
INVESTMENT
COMPANIES
$
76,478‌
COMMON
STOCKS
-
94
.34
%
Shares
Held
Value
(000's)
Advertising
-
0
.24
%
Advantage
Solutions
Inc
(d)
4,507‌
$
5‌
Boston
Omaha
Corp
(d),(e)
887‌
11‌
National
CineMedia
Inc
358,626‌
1,295‌
Nexxen
International
Ltd
(d)
1,478‌
9‌
Stagwell
Inc
(d)
262,700‌
1,579‌
TechTarget
Inc
(d)
1,246‌
6‌
$
2,905‌
Aerospace
&
Defense
-
1
.21
%
AAR
Corp
(d)
1,228‌
130‌
AerSale
Corp
(d)
1,515‌
11‌
AIRO
Group
Holdings
Inc
(d),(e)
129‌
1‌
Astronics
Corp
(d)
124‌
10‌
ATI
Inc
(d)
64,300‌
7,735‌
Ducommun
Inc
(d)
575‌
65‌
Firefly
Aerospace
Inc
(d),(e)
338‌
9‌
Hexcel
Corp
68,760‌
5,694‌
Intuitive
Machines
Inc
(d),(e)
4,347‌
83‌
Mercury
Systems
Inc
(d)
1,685‌
158‌
National
Presto
Industries
Inc
3,719‌
474‌
Voyager
Technologies
Inc
(d)
168‌
5‌
$
14,375‌
Agriculture
-
0
.03
%
Alico
Inc
238‌
10‌
Andersons
Inc/The
1,375‌
85‌
Dole
PLC
3,482‌
56‌
Fresh
Del
Monte
Produce
Inc
1,395‌
55‌
Limoneira
Co
693‌
10‌
Tejon
Ranch
Co
(d)
902‌
15‌
Turning
Point
Brands
Inc
85‌
10‌
Universal
Corp/VA
1,014‌
57‌
$
298‌
Airlines
-
0
.10
%
Allegiant
Travel
Co
(d)
492‌
44‌
flyExclusive
Inc
(d)
271‌
1‌
Frontier
Group
Holdings
Inc
(d),(e)
1,316‌
6‌
JetBlue
Airways
Corp
(d)
12,543‌
61‌
SkyWest
Inc
(d)
1,703‌
164‌
Sun
Country
Airlines
Holdings
Inc
(d)
51,766‌
908‌
$
1,184‌
Apparel
-
0
.54
%
Capri
Holdings
Ltd
(d)
4,909‌
111‌
Carter's
Inc
31,081‌
1,076‌
Columbia
Sportswear
Co
19,200‌
1,061‌
Kontoor
Brands
Inc
437‌
26‌
Lakeland
Industries
Inc
(e)
438‌
4‌
Oxford
Industries
Inc
37,716‌
1,390‌
PVH
Corp
10,900‌
680‌
Rocky
Brands
Inc
314‌
10‌
Steven
Madden
Ltd
46,598‌
2,045‌
Superior
Group
of
Cos
Inc
541‌
5‌
Torrid
Holdings
Inc
(d),(e)
1,735‌
2‌
Weyco
Group
Inc
275‌
9‌
$
6,419‌
Automobile
Manufacturers
-
0
.23
%
Blue
Bird
Corp
(d)
22,800‌
1,147‌
Faraday
Future
Intelligent
Electric
Inc
(d),(e)
6,120‌
6‌
Hyliion
Holdings
Corp
(d)
5,839‌
12‌
REV
Group
Inc
7,900‌
505‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Manufacturers
(continued)
Wabash
National
Corp
101,590‌
$
1,029‌
$
2,699‌
Automobile
Parts
&
Equipment
-
1
.18
%
Adient
PLC
(d)
81,713‌
1,699‌
American
Axle
&
Manufacturing
Holdings
Inc
(d)
4,892‌
39‌
Cooper-Standard
Holdings
Inc
(d)
711‌
22‌
Dana
Inc
4,971‌
144‌
Douglas
Dynamics
Inc
33,398‌
1,258‌
Fox
Factory
Holding
Corp
(d)
1,314‌
24‌
Garrett
Motion
Inc
6,706‌
121‌
Gentex
Corp
69,800‌
1,606‌
Gentherm
Inc
(d)
1,280‌
41‌
Goodyear
Tire
&
Rubber
Co/The
(d)
147,140‌
1,385‌
Holley
Inc
(d)
3,449‌
13‌
indie
Semiconductor
Inc
(d),(e)
5,058‌
21‌
Lear
Corp
18,100‌
2,119‌
Methode
Electronics
Inc
196,337‌
1,569‌
Microvast
Holdings
Inc
(d)
3,238‌
9‌
Miller
Industries
Inc/TN
21,529‌
882‌
Motorcar
Parts
of
America
Inc
(d)
594‌
7‌
Phinia
Inc
20,680‌
1,472‌
Solid
Power
Inc
(d)
5,906‌
26‌
Standard
Motor
Products
Inc
901‌
36‌
Strattec
Security
Corp
(d)
184‌
15‌
Titan
International
Inc
(d)
1,984‌
19‌
Visteon
Corp
16,816‌
1,528‌
$
14,055‌
Banks
-
18
.02
%
1st
Source
Corp
23,380‌
1,574‌
ACNB
Corp
425‌
21‌
Alerus
Financial
Corp
996‌
25‌
Amalgamated
Financial
Corp
963‌
37‌
Amerant
Bancorp
Inc
73,225‌
1,589‌
Ameris
Bancorp
108,257‌
8,728‌
Ames
National
Corp
397‌
10‌
Arrow
Financial
Corp
19,081‌
645‌
Associated
Banc-Corp
41,761‌
1,139‌
Atlantic
Union
Bankshares
Corp
6,019‌
234‌
Avidbank
Holdings
Inc
(d)
106‌
3‌
BancFirst
Corp
76‌
8‌
Bank
First
Corp
313‌
44‌
Bank
of
Hawaii
Corp
373‌
28‌
Bank
of
Marin
Bancorp
44,576‌
1,197‌
Bank
of
NT
Butterfield
&
Son
Ltd/The
1,754‌
91‌
Bank7
Corp
11,698‌
520‌
BankUnited
Inc
48,707‌
2,312‌
Bankwell
Financial
Group
Inc
259‌
12‌
Banner
Corp
1,431‌
89‌
Bar
Harbor
Bankshares
674‌
23‌
BayCom
Corp
16,425‌
479‌
BCB
Bancorp
Inc
666‌
5‌
Blue
Foundry
Bancorp
(d)
783‌
10‌
Blue
Ridge
Bankshares
Inc
2,963‌
13‌
Bridgewater
Bancshares
Inc
(d)
23,257‌
446‌
Burke
&
Herbert
Financial
Services
Corp
16,104‌
1,055‌
Business
First
Bancshares
Inc
1,214‌
34‌
Byline
Bancorp
Inc
1,321‌
42‌
C&F
Financial
Corp
135‌
10‌
California
BanCorp
816‌
15‌
Camden
National
Corp
27,989‌
1,332‌
Capital
Bancorp
Inc
16,462‌
505‌
Capital
City
Bank
Group
Inc
578‌
24‌
Carter
Bankshares
Inc
(d)
29,457‌
631‌
Cathay
General
Bancorp
32,429‌
1,659‌
CB
Financial
Services
Inc
226‌
8‌
Central
Pacific
Financial
Corp
47,922‌
1,561‌
Chain
Bridge
Bancorp
Inc
(d)
91‌
3‌
Chemung
Financial
Corp
169‌
10‌
ChoiceOne
Financial
Services
Inc
603‌
17‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
228
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Citizens
&
Northern
Corp
718‌
$
16‌
Citizens
Financial
Services
Inc
156‌
10‌
City
Holding
Co
209‌
26‌
Civista
Bancshares
Inc
21,476‌
519‌
CNB
Financial
Corp/PA
21,062‌
583‌
CoastalSouth
Bancshares
Inc
219‌
5‌
Colony
Bankcorp
Inc
29,474‌
573‌
Columbia
Banking
System
Inc
360,646‌
10,618‌
Commercial
Bancgroup
Inc
259‌
7‌
Community
Financial
System
Inc
1,727‌
108‌
Community
Trust
Bancorp
Inc
17,716‌
1,093‌
Community
West
Bancshares
601‌
14‌
ConnectOne
Bancorp
Inc
82,820‌
2,204‌
Cullen/Frost
Bankers
Inc
73,980‌
10,196‌
Customers
Bancorp
Inc
(d)
1,243‌
98‌
CVB
Financial
Corp
5,517‌
109‌
Dime
Community
Bancshares
Inc
59,211‌
2,015‌
Eagle
Bancorp
Inc
90,876‌
2,431‌
Eagle
Financial
Services
Inc
193‌
7‌
Eastern
Bankshares
Inc
9,356‌
192‌
ECB
Bancorp
Inc/MD
(d)
364‌
6‌
Enterprise
Financial
Services
Corp
25,355‌
1,454‌
Equity
Bancshares
Inc
630‌
29‌
Farmers
&
Merchants
Bancorp
Inc/Archbold
OH
554‌
15‌
Farmers
National
Banc
Corp
36,312‌
472‌
FB
Bancorp
Inc
(d)
839‌
11‌
FB
Financial
Corp
1,742‌
100‌
Fidelity
D&D
Bancorp
Inc
211‌
9‌
Financial
Institutions
Inc
55,886‌
1,841‌
Finwise
Bancorp
(d)
194‌
3‌
First
Bancorp
Inc/The
470‌
13‌
First
BanCorp/Puerto
Rico
3,066‌
68‌
First
Bancorp/Southern
Pines
NC
1,697‌
98‌
First
Bank/Hamilton
NJ
945‌
16‌
First
Busey
Corp
85,372‌
2,105‌
First
Business
Financial
Services
Inc
310‌
18‌
First
Commonwealth
Financial
Corp
4,404‌
79‌
First
Community
Bankshares
Inc
652‌
23‌
First
Community
Corp/SC
270‌
8‌
First
Financial
Bancorp
276,386‌
7,943‌
First
Financial
Corp
17,334‌
1,130‌
First
Foundation
Inc
(d)
241,100‌
1,514‌
First
Hawaiian
Inc
75,707‌
2,010‌
First
Internet
Bancorp
25,203‌
549‌
First
Interstate
BancSystem
Inc
50,586‌
1,794‌
First
Merchants
Corp
50,520‌
2,008‌
First
Mid
Bancshares
Inc
25,820‌
1,087‌
First
National
Corp/VA
328‌
9‌
First
United
Corp
268‌
10‌
Firstsun
Capital
Bancorp
(d)
27,531‌
1,087‌
Five
Star
Bancorp
13,655‌
541‌
Flagstar
Bank
NA
163,939‌
2,168‌
FNB
Corp/PA
32,900‌
577‌
Franklin
Financial
Services
Corp
186‌
10‌
Fulton
Financial
Corp
7,708‌
159‌
FVCBankcorp
Inc
690‌
10‌
GBank
Financial
Holdings
Inc
(d)
371‌
12‌
German
American
Bancorp
Inc
1,525‌
64‌
Glacier
Bancorp
Inc
165,786‌
8,402‌
Great
Southern
Bancorp
Inc
17,319‌
1,063‌
Hancock
Whitney
Corp
3,574‌
246‌
Hanmi
Financial
Corp
64,961‌
1,726‌
Hanover
Bancorp
Inc
182‌
4‌
Hawthorn
Bancshares
Inc
259‌
9‌
HBT
Financial
Inc
501‌
14‌
Heritage
Commerce
Corp
156,518‌
1,992‌
Heritage
Financial
Corp/WA
44,294‌
1,144‌
Hilltop
Holdings
Inc
57,305‌
2,147‌
Home
BancShares
Inc/AR
7,955‌
230‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Hope
Bancorp
Inc
173,297‌
$
2,076‌
Horizon
Bancorp
Inc/IN
88,821‌
1,565‌
Huntington
Bancshares
Inc/OH
100,659‌
1,760‌
Independent
Bank
Corp
22,144‌
1,789‌
Independent
Bank
Corp/MI
849‌
30‌
International
Bancshares
Corp
2,053‌
143‌
Investar
Holding
Corp
400‌
11‌
John
Marshall
Bancorp
Inc
553‌
11‌
Kearny
Financial
Corp/MD
171,112‌
1,333‌
Lakeland
Financial
Corp
466‌
28‌
Landmark
Bancorp
Inc/Manhattan
KS
228‌
6‌
LCNB
Corp
601‌
10‌
LINKBANCORP
Inc
905‌
8‌
Live
Oak
Bancshares
Inc
51,359‌
2,052‌
MainStreet
Bancshares
Inc
319‌
7‌
Mechanics
Bancorp
34,797‌
522‌
Mercantile
Bank
Corp
31,177‌
1,621‌
Merchants
Bancorp/IN
55,531‌
2,302‌
Meridian
Corp
356‌
7‌
Metrocity
Bankshares
Inc
349‌
10‌
Metropolitan
Bank
Holding
Corp
288‌
27‌
Mid
Penn
Bancorp
Inc
17,245‌
569‌
Middlefield
Banc
Corp
319‌
11‌
Midland
States
Bancorp
Inc
52,972‌
1,211‌
MidWestOne
Financial
Group
Inc
696‌
32‌
MVB
Financial
Corp
473‌
13‌
National
Bank
Holdings
Corp
1,595‌
64‌
National
Bankshares
Inc
277‌
10‌
NB
Bancorp
Inc
107,830‌
2,342‌
NBT
Bancorp
Inc
2,019‌
90‌
NewtekOne
Inc
1,013‌
14‌
Nicolet
Bankshares
Inc
393‌
57‌
Northeast
Bank
19,540‌
2,252‌
Northeast
Community
Bancorp
Inc
540‌
13‌
Northpointe
Bancshares
Inc
859‌
15‌
Northrim
BanCorp
Inc
456‌
11‌
Norwood
Financial
Corp
411‌
13‌
Oak
Valley
Bancorp
304‌
10‌
OFG
Bancorp
1,858‌
75‌
Ohio
Valley
Banc
Corp
182‌
8‌
Old
National
Bancorp/IN
329,191‌
8,042‌
Old
Second
Bancorp
Inc
2,123‌
42‌
OP
Bancorp
514‌
7‌
Orange
County
Bancorp
Inc
342‌
11‌
Origin
Bancorp
Inc
39,523‌
1,693‌
Orrstown
Financial
Services
Inc
781‌
28‌
Park
National
Corp
621‌
101‌
Parke
Bancorp
Inc
384‌
11‌
PCB
Bancorp
421‌
9‌
Peapack-Gladstone
Financial
Corp
37,831‌
1,200‌
Peoples
Bancorp
Inc/OH
1,465‌
48‌
Peoples
Bancorp
of
North
Carolina
Inc
202‌
7‌
Peoples
Financial
Services
Corp
349‌
18‌
Pinnacle
Financial
Partners
Inc
4,870‌
463‌
Pioneer
Bancorp
Inc/NY
(d)
538‌
8‌
Plumas
Bancorp
291‌
15‌
Ponce
Financial
Group
Inc
(d)
862‌
14‌
Preferred
Bank/Los
Angeles
CA
20,881‌
1,791‌
Primis
Financial
Corp
975‌
13‌
Princeton
Bancorp
Inc
220‌
8‌
Prosperity
Bancshares
Inc
140,140‌
9,671‌
QCR
Holdings
Inc
21,087‌
1,903‌
RBB
Bancorp
28,180‌
584‌
Red
River
Bancshares
Inc
200‌
17‌
Renasant
Corp
3,979‌
150‌
Republic
Bancorp
Inc/KY
346‌
25‌
Rhinebeck
Bancorp
Inc
(d)
215‌
3‌
Richmond
Mutual
BanCorp
Inc
393‌
6‌
S&T
Bancorp
Inc
1,609‌
69‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
229
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
SB
Financial
Group
Inc
284‌
$
6‌
Seacoast
Banking
Corp
of
Florida
3,681‌
123‌
Shore
Bancshares
Inc
61,470‌
1,166‌
Sierra
Bancorp
16,492‌
584‌
Simmons
First
National
Corp
101,863‌
2,071‌
SmartFinancial
Inc
501‌
20‌
South
Plains
Financial
Inc
547‌
23‌
Southern
First
Bancshares
Inc
(d)
329‌
18‌
Southside
Bancshares
Inc
1,213‌
39‌
SOUTHSTATE
BANK
CORP
92,530‌
9,469‌
SR
Bancorp
Inc
367‌
6‌
Stellar
Bancorp
Inc
1,981‌
74‌
Stock
Yards
Bancorp
Inc
73‌
5‌
Texas
Capital
Bancshares
Inc
(d)
1,651‌
167‌
Third
Coast
Bancshares
Inc
(d)
547‌
22‌
Tompkins
Financial
Corp
19,105‌
1,531‌
Towne
Bank/Portsmouth
VA
28,353‌
992‌
TriCo
Bancshares
43,595‌
2,172‌
Triumph
Financial
Inc
(d)
517‌
33‌
TrustCo
Bank
Corp
NY
38,299‌
1,662‌
Trustmark
Corp
2,366‌
101‌
UMB
Financial
Corp
70,610‌
8,977‌
Union
Bankshares
Inc/Morrisville
VT
46‌
1‌
United
Bankshares
Inc/WV
210,139‌
8,895‌
United
Community
Banks
Inc/GA
283,101‌
9,747‌
United
Security
Bancshares/Fresno
CA
663‌
7‌
Unity
Bancorp
Inc
172‌
9‌
Univest
Financial
Corp
49,902‌
1,654‌
Valley
National
Bancorp
149,841‌
1,867‌
Virginia
National
Bankshares
Corp
211‌
9‌
Walker
&
Dunlop
Inc
1,385‌
87‌
Washington
Trust
Bancorp
Inc
51,459‌
1,768‌
WesBanco
Inc
3,779‌
133‌
West
BanCorp
Inc
561‌
13‌
Westamerica
BanCorp
1,016‌
51‌
Western
New
England
Bancorp
Inc
755‌
10‌
Zions
Bancorp
NA
170,430‌
10,210‌
$
214,846‌
Beverages
-
1
.09
%
Coca-Cola
Consolidated
Inc
85,420‌
12,989‌
MGP
Ingredients
Inc
617‌
15‌
$
13,004‌
Biotechnology
-
0
.49
%
4D
Molecular
Therapeutics
Inc
(d),(e)
1,845‌
16‌
Aardvark
Therapeutics
Inc
(d),(e)
236‌
3‌
Abeona
Therapeutics
Inc
(d),(e)
183‌
1‌
Absci
Corp
(d),(e)
1,317‌
4‌
Aldeyra
Therapeutics
Inc
(d)
484‌
3‌
Alector
Inc
(d)
3,041‌
6‌
Allogene
Therapeutics
Inc
(d)
6,407‌
12‌
Alpha
Teknova
Inc
(d),(e)
129‌
—‌
Alumis
Inc
(d)
2,388‌
59‌
ANI
Pharmaceuticals
Inc
(d)
10,100‌
827‌
Annexon
Inc
(d)
4,218‌
26‌
Arbutus
Biopharma
Corp
(d)
494‌
2‌
Arcturus
Therapeutics
Holdings
Inc
(d),(e)
746‌
6‌
Arcus
Biosciences
Inc
(d)
866‌
18‌
Atea
Pharmaceuticals
Inc
(d)
3,066‌
13‌
Atlantic
International
Corp
(d)
375‌
1‌
Aura
Biosciences
Inc
(d)
1,334‌
7‌
Avidity
Biosciences
Inc
(d)
381‌
28‌
Bicara
Therapeutics
Inc
(d)
1,243‌
21‌
BioAge
Labs
Inc
(d)
964‌
18‌
BioCryst
Pharmaceuticals
Inc
(d)
1,090‌
7‌
Cardiff
Oncology
Inc
(d),(e)
1,571‌
3‌
Cartesian
Therapeutics
Inc
(d),(e)
394‌
3‌
Cartesian
Therapeutics
Inc
-
Contingent
Value
Rights
(d),(f)
12,004‌
2‌
Celcuity
Inc
(d)
71‌
8‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Celldex
Therapeutics
Inc
(d)
2,759‌
$
68‌
Cogent
Biosciences
Inc
(d)
364‌
13‌
Compass
Therapeutics
Inc
(d)
2,761‌
18‌
CRISPR
Therapeutics
AG
(d)
3,673‌
184‌
Cullinan
Therapeutics
Inc
(d)
2,293‌
27‌
Cytek
Biosciences
Inc
(d)
4,891‌
24‌
Cytokinetics
Inc
(d)
4,381‌
277‌
Day
One
Biopharmaceuticals
Inc
(d)
3,163‌
35‌
Definium
Therapeutics
Inc
(d)
2,725‌
46‌
Denali
Therapeutics
Inc
(d)
5,261‌
114‌
Design
Therapeutics
Inc
(d)
1,007‌
10‌
Dianthus
Therapeutics
Inc
(d)
935‌
50‌
Dyne
Therapeutics
Inc
(d)
3,550‌
64‌
Editas
Medicine
Inc
(d)
3,790‌
8‌
Eledon
Pharmaceuticals
Inc
(d)
2,260‌
5‌
Emergent
BioSolutions
Inc
(d)
2,194‌
25‌
Entrada
Therapeutics
Inc
(d)
1,234‌
14‌
Erasca
Inc
(d)
7,364‌
77‌
Esperion
Therapeutics
Inc
(d)
6,525‌
22‌
EyePoint
Inc
(d)
3,183‌
43‌
Fate
Therapeutics
Inc
(d)
5,204‌
6‌
Forafric
Global
PLC
(d)
51‌
1‌
Halozyme
Therapeutics
Inc
(d)
21,500‌
1,542‌
Humacyte
Inc
(d),(e)
4,595‌
5‌
Ideaya
Biosciences
Inc
(d)
3,385‌
109‌
ImmunityBio
Inc
(d),(e)
2,166‌
14‌
Inhibrx
Biosciences
Inc
(d)
379‌
29‌
Innoviva
Inc
(d)
367‌
7‌
Intellia
Therapeutics
Inc
(d)
4,340‌
57‌
Iovance
Biotherapeutics
Inc
(d)
12,968‌
33‌
Jade
Biosciences
Inc
1,946‌
30‌
Janux
Therapeutics
Inc
(d)
1,217‌
17‌
Keros
Therapeutics
Inc
(d)
1,228‌
22‌
Kodiak
Sciences
Inc
(d)
1,396‌
32‌
Korro
Bio
Inc
(d)
356‌
5‌
Kura
Oncology
Inc
(d)
3,410‌
28‌
Larimar
Therapeutics
Inc
(d)
2,110‌
7‌
LB
Pharmaceuticals
Inc
(d)
389‌
8‌
Lexeo
Therapeutics
Inc
(d),(e)
2,655‌
20‌
Ligand
Pharmaceuticals
Inc
(d)
720‌
138‌
MapLight
Therapeutics
Inc
(d)
340‌
6‌
Maravai
LifeSciences
Holdings
Inc
(d)
4,464‌
15‌
Maze
Therapeutics
Inc
(d)
829‌
36‌
MBX
Biosciences
Inc
(d)
1,193‌
44‌
MeiraGTx
Holdings
plc
(d)
512‌
4‌
Monte
Rosa
Therapeutics
Inc
(d)
1,969‌
40‌
Myriad
Genetics
Inc
(d)
3,822‌
21‌
NeoGenomics
Inc
(d)
4,924‌
59‌
Nkarta
Inc
(d)
1,826‌
4‌
Novavax
Inc
(d)
1,119‌
10‌
Nurix
Therapeutics
Inc
(d)
4,225‌
70‌
Nuvation
Bio
Inc
(d)
9,373‌
49‌
Olema
Pharmaceuticals
Inc
(d)
2,509‌
65‌
Omeros
Corp
(d),(e)
393‌
5‌
Oruka
Therapeutics
Inc
(d),(e)
1,621‌
55‌
Palvella
Therapeutics
Inc
(d),(e)
21‌
2‌
Perspective
Therapeutics
Inc
(d)
2,855‌
11‌
Phathom
Pharmaceuticals
Inc
(d),(e)
1,219‌
17‌
Praxis
Precision
Medicines
Inc
(d)
953‌
299‌
Precigen
Inc
(d)
524‌
2‌
Prime
Medicine
Inc
(d),(e)
4,193‌
16‌
Protara
Therapeutics
Inc
(d),(e)
1,448‌
10‌
Prothena
Corp
PLC
(d)
1,678‌
15‌
PTC
Therapeutics
Inc
(d)
608‌
46‌
Puma
Biotechnology
Inc
(d)
1,862‌
12‌
Rapport
Therapeutics
Inc
(d)
1,193‌
32‌
REGENXBIO
Inc
(d)
1,976‌
22‌
Relay
Therapeutics
Inc
(d)
5,940‌
45‌
Replimune
Group
Inc
(d)
2,883‌
20‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
230
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Rezolute
Inc
(d)
507‌
$
2‌
Rocket
Pharmaceuticals
Inc
(d)
3,153‌
11‌
Sana
Biotechnology
Inc
(d)
6,183‌
27‌
Scholar
Rock
Holding
Corp
(d)
288‌
13‌
Septerna
Inc
(d),(e)
895‌
21‌
Solid
Biosciences
Inc
(d)
2,589‌
17‌
Syndax
Pharmaceuticals
Inc
(d)
272‌
6‌
Tango
Therapeutics
Inc
(d)
4,484‌
52‌
Tectonic
Therapeutic
Inc
(d),(e)
406‌
8‌
Terns
Pharmaceuticals
Inc
(d)
3,616‌
125‌
Tevogen
Bio
Holdings
Inc
(d)
1,741‌
1‌
Theravance
Biopharma
Inc
(d)
355‌
7‌
Third
Harmonic
Bio
Inc
(d),(f)
1,482‌
—‌
Travere
Therapeutics
Inc
(d)
248‌
8‌
TriSalus
Life
Sciences
Inc
(d)
999‌
5‌
Tvardi
Therapeutics
Inc
(d),(e)
250‌
1‌
Tyra
Biosciences
Inc
(d),(e)
1,086‌
33‌
Upstream
Bio
Inc
(d),(e)
1,382‌
43‌
UroGen
Pharma
Ltd
(d)
312‌
6‌
Verastem
Inc
(d)
1,007‌
6‌
Vir
Biotechnology
Inc
(d)
3,716‌
28‌
Viridian
Therapeutics
Inc
(d)
692‌
23‌
WaVe
Life
Sciences
Ltd
(d)
574‌
7‌
Xencor
Inc
(d)
2,988‌
36‌
XOMA
Royalty
Corp
(d)
132‌
3‌
Zenas
Biopharma
Inc
(d),(e)
788‌
14‌
$
5,863‌
Building
Materials
-
2
.17
%
AirJoule
Technologies
Corp
(d),(e)
1,026‌
3‌
American
Woodmark
Corp
(d)
23,982‌
1,424‌
Apogee
Enterprises
Inc
36,181‌
1,343‌
Armstrong
World
Industries
Inc
4,300‌
790‌
Aspen
Aerogels
Inc
(d)
2,811‌
10‌
Boise
Cascade
Co
1,585‌
128‌
Carlisle
Cos
Inc
36,340‌
12,388‌
Eagle
Materials
Inc
28,735‌
5,857‌
Fortune
Brands
Innovations
Inc
36,600‌
1,980‌
Gibraltar
Industries
Inc
(d)
1,253‌
64‌
JELD-WEN
Holding
Inc
(d)
3,559‌
10‌
LSI
Industries
Inc
300‌
7‌
Masterbrand
Inc
(d)
5,383‌
65‌
NWPX
Infrastructure
Inc
(d)
390‌
26‌
UFP
Industries
Inc
17,195‌
1,776‌
$
25,871‌
Chemicals
-
3
.64
%
AdvanSix
Inc
21,024‌
333‌
American
Vanguard
Corp
(d)
83,750‌
425‌
Axalta
Coating
Systems
Ltd
(d)
65,800‌
2,210‌
Cabot
Corp
6,489‌
468‌
Calumet
Inc
(d),(e)
2,570‌
58‌
Codexis
Inc
(d)
961‌
1‌
Ecovyst
Inc
(d)
235,255‌
2,496‌
Element
Solutions
Inc
586,710‌
17,073‌
Hawkins
Inc
40,725‌
5,305‌
HB
Fuller
Co
33,241‌
1,998‌
Huntsman
Corp
162,500‌
1,758‌
Ingevity
Corp
(d)
16,300‌
1,072‌
Innospec
Inc
19,229‌
1,572‌
International
Flavors
&
Fragrances
Inc
92,370‌
6,448‌
Intrepid
Potash
Inc
(d)
470‌
16‌
Koppers
Holdings
Inc
792‌
23‌
Kronos
Worldwide
Inc
1,045‌
6‌
Mativ
Holdings
Inc
2,305‌
28‌
Minerals
Technologies
Inc
1,326‌
87‌
Oil-Dri
Corp
of
America
98‌
6‌
Olin
Corp
74,500‌
1,550‌
Orion
SA
2,437‌
15‌
Perimeter
Solutions
Inc
(d)
5,873‌
154‌
Quaker
Chemical
Corp
575‌
88‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
(continued)
Rayonier
Advanced
Materials
Inc
(d)
2,751‌
$
21‌
Rogers
Corp
(d)
755‌
73‌
Stepan
Co
902‌
52‌
Trinseo
PLC
2,181‌
1‌
Tronox
Holdings
PLC
5,104‌
31‌
Valhi
Inc
116‌
2‌
$
43,370‌
Coal
-
0
.05
%
Alpha
Metallurgical
Resources
Inc
(d)
343‌
72‌
Core
Natural
Resources
Inc
1,401‌
133‌
Hallador
Energy
Co
(d)
89‌
2‌
NACCO
Industries
Inc
177‌
9‌
Peabody
Energy
Corp
5,164‌
182‌
SunCoke
Energy
Inc
3,564‌
28‌
Warrior
Met
Coal
Inc
2,194‌
196‌
$
622‌
Commercial
Services
-
4
.47
%
ABM
Industries
Inc
31,653‌
1,457‌
Acacia
Research
Corp
(d)
1,638‌
7‌
AirSculpt
Technologies
Inc
(d)
263‌
1‌
Alight
Inc
18,131‌
28‌
Alta
Equipment
Group
Inc
(e)
806‌
5‌
American
Public
Education
Inc
(d)
45‌
2‌
AMN
Healthcare
Services
Inc
(d)
1,605‌
34‌
BrightView
Holdings
Inc
3,066‌
41‌
Brink's
Co/The
15,800‌
2,007‌
Cass
Information
Systems
Inc
11,200‌
504‌
Chaince
Digital
Holdings
Inc
(d),(e)
1,638‌
9‌
Cimpress
PLC
(d)
567‌
45‌
CoreCivic
Inc
(d)
3,768‌
70‌
Cross
Country
Healthcare
Inc
(d)
1,362‌
13‌
Custom
Truck
One
Source
Inc
(d)
2,445‌
15‌
Deluxe
Corp
1,866‌
49‌
Distribution
Solutions
Group
Inc
(d)
37‌
1‌
Emerald
Holding
Inc
113,900‌
574‌
Ennis
Inc
25,376‌
495‌
Euronet
Worldwide
Inc
(d)
21,800‌
1,580‌
European
Wax
Center
Inc
(d),(e)
107‌
—‌
First
Advantage
Corp
(d)
1,052‌
14‌
Flywire
Corp
(d)
538‌
7‌
Forrester
Research
Inc
(d)
54,039‌
438‌
Franklin
Covey
Co
(d)
21,784‌
443‌
FTI
Consulting
Inc
(d)
37,900‌
6,620‌
GPGI
Inc
221‌
5‌
Graham
Holdings
Co
136‌
159‌
Green
Dot
Corp
(d)
2,289‌
28‌
Hackett
Group
Inc/The
94‌
2‌
Healthcare
Services
Group
Inc
(d)
100,479‌
1,892‌
Herc
Holdings
Inc
61,120‌
8,761‌
HireQuest
Inc
(e)
239‌
3‌
ICF
International
Inc
767‌
72‌
Information
Services
Group
Inc
1,082‌
6‌
Insperity
Inc
19,100‌
816‌
John
Wiley
&
Sons
Inc
115‌
4‌
Kelly
Services
Inc
1,332‌
14‌
Kforce
Inc
65,382‌
2,310‌
Korn
Ferry
13,697‌
951‌
Laureate
Education
Inc
(d)
41,938‌
1,438‌
Legence
Corp
(d)
670‌
31‌
Lifecore
Biomedical
Inc
(d)
368‌
3‌
ManpowerGroup
Inc
35,900‌
1,304‌
MarketWise
Inc
(e)
108‌
2‌
Marqeta
Inc
(d)
8,367‌
35‌
Matthews
International
Corp
(e)
1,269‌
33‌
Medifast
Inc
(d),(e)
515‌
6‌
Mister
Car
Wash
Inc
(d)
508‌
3‌
Monro
Inc
1,272‌
24‌
National
Research
Corp
51,600‌
1,050‌
NPK
International
Inc
(d)
3,459‌
48‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
231
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
Paysafe
Ltd
(d)
1,512‌
$
10‌
Perdoceo
Education
Corp
2,760‌
88‌
PROG
Holdings
Inc
1,654‌
54‌
Quad/Graphics
Inc
368‌
2‌
Repay
Holdings
Corp
(d)
3,045‌
11‌
Resources
Connection
Inc
130,187‌
590‌
Robert
Half
Inc
55,900‌
1,935‌
Sezzle
Inc
(d)
75‌
5‌
Strategic
Education
Inc
979‌
83‌
Target
Hospitality
Corp
(d)
1,410‌
10‌
TIC
Solutions
Inc
(d)
6,452‌
65‌
Transcat
Inc
(d)
197‌
12‌
TrueBlue
Inc
(d)
207,577‌
1,112‌
Upbound
Group
Inc
1,438‌
27‌
USCB
Financial
Holdings
Inc
334‌
6‌
Valvoline
Inc
(d),(e)
423,820‌
13,867‌
Vestis
Corp
4,935‌
32‌
WEX
Inc
(d)
12,100‌
1,862‌
Willdan
Group
Inc
(d)
186‌
24‌
$
53,254‌
Computers
-
0
.73
%
3D
Systems
Corp
(d),(e)
5,784‌
13‌
Amentum
Holdings
Inc
(d)
42,200‌
1,510‌
ASGN
Inc
(d)
40,471‌
2,108‌
Conduent
Inc
(d)
6,538‌
9‌
Corsair
Gaming
Inc
(d)
2,049‌
10‌
Crane
NXT
Co
29,100‌
1,470‌
Cricut
Inc
2,299‌
10‌
CSP
Inc
80‌
1‌
Diebold
Nixdorf
Inc
(d)
73‌
5‌
Grid
Dynamics
Holdings
Inc
(d)
597‌
5‌
Insight
Enterprises
Inc
(d)
813‌
68‌
Maximus
Inc
18,000‌
1,700‌
Mitek
Systems
Inc
(d)
1,535‌
15‌
NCR
Voyix
Corp
(d)
5,854‌
58‌
NetScout
Systems
Inc
(d)
2,948‌
82‌
OneSpan
Inc
1,352‌
16‌
PAR
Technology
Corp
(d)
699‌
18‌
Pitney
Bowes
Inc
4,306‌
45‌
Rimini
Street
Inc
(d)
1,939‌
7‌
Science
Applications
International
Corp
13,900‌
1,415‌
Telos
Corp
(d)
2,492‌
14‌
TTEC
Holdings
Inc
(d),(e)
953‌
3‌
Unisys
Corp
(d)
579‌
2‌
V2X
Inc
(d)
888‌
61‌
Vuzix
Corp
(d),(e)
299‌
1‌
$
8,646‌
Consumer
Products
-
0
.24
%
ACCO
Brands
Corp
3,841‌
15‌
Acme
United
Corp
(e)
159‌
7‌
Helen
of
Troy
Ltd
(d)
58,517‌
969‌
Quanex
Building
Products
Corp
1,941‌
36‌
Reynolds
Consumer
Products
Inc
76,100‌
1,763‌
Spectrum
Brands
Holdings
Inc
985‌
63‌
$
2,853‌
Cosmetics
&
Personal
Care
-
0
.09
%
Beauty
Health
Co/The
(d),(e)
1,205‌
2‌
Edgewell
Personal
Care
Co
47,020‌
915‌
Honest
Co
Inc/The
(d),(e)
2,234‌
5‌
Olaplex
Holdings
Inc
(d)
6,283‌
10‌
Prestige
Consumer
Healthcare
Inc
(d)
1,702‌
110‌
Waldencast
plc
(d)
2,028‌
4‌
$
1,046‌
Distribution
&
Wholesale
-
2
.43
%
EVI
Industries
Inc
242‌
6‌
G-III
Apparel
Group
Ltd
35,237‌
1,034‌
Global
Industrial
Co
33,161‌
1,013‌
Gold.com
Inc
799‌
42‌
Hudson
Technologies
Inc
(d)
1,689‌
12‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Distribution
&
Wholesale
(continued)
OPENLANE
Inc
(d)
4,442‌
$
134‌
Resideo
Technologies
Inc
(d)
38,050‌
1,304‌
Rush
Enterprises
Inc
-
Class
A
149,460‌
9,594‌
Rush
Enterprises
Inc
-
Class
B
176‌
10‌
ScanSource
Inc
(d)
35,845‌
1,541‌
Titan
Machinery
Inc
(d)
89,921‌
1,463‌
VSE
Corp
130‌
28‌
WESCO
International
Inc
44,300‌
12,822‌
$
29,003‌
Diversified
Financial
Services
-
3
.88
%
AlTi
Global
Inc
(d),(e)
1,909‌
9‌
Artisan
Partners
Asset
Management
Inc
342,177‌
15,234‌
Atlanticus
Holdings
Corp
(d)
219‌
11‌
Bakkt
Inc
(d)
417‌
6‌
Better
Home
&
Finance
Holding
Co
(d),(e)
230‌
7‌
Bread
Financial
Holdings
Inc
32,354‌
2,347‌
Brookfield
Business
Corp
(e)
641‌
23‌
Burford
Capital
Ltd
3,076‌
30‌
Cohen
&
Steers
Inc
118‌
8‌
Columbia
Financial
Inc
(d)
1,034‌
17‌
Consumer
Portfolio
Services
Inc
(d),(e)
446‌
4‌
Diamond
Hill
Investment
Group
Inc
10,672‌
1,828‌
DigitalBridge
Group
Inc
7,479‌
115‌
Enact
Holdings
Inc
54,184‌
2,155‌
Encore
Capital
Group
Inc
(d)
940‌
52‌
Federal
Agricultural
Mortgage
Corp
35‌
6‌
Federated
Hermes
Inc
38,900‌
2,073‌
Finance
Of
America
Cos
Inc
(d)
213‌
5‌
First
Western
Financial
Inc
(d)
20,246‌
509‌
Fold
Holdings
Inc
(d)
125‌
—‌
Forge
Global
Holdings
Inc
(d)
458‌
20‌
GCM
Grosvenor
Inc
313‌
4‌
Hamilton
Lane
Inc
68,885‌
9,729‌
International
Money
Express
Inc
(d)
70,600‌
1,091‌
Invesco
Ltd
38,700‌
1,056‌
Janus
Henderson
Group
PLC
18,800‌
905‌
Jefferson
Capital
Inc
228‌
5‌
LendingClub
Corp
(d)
4,780‌
81‌
LendingTree
Inc
(d)
26‌
1‌
loanDepot
Inc
(d)
3,721‌
8‌
Marex
Group
PLC
710‌
28‌
Medallion
Financial
Corp
779‌
8‌
Miami
International
Holdings
Inc
(d)
457‌
19‌
Navient
Corp
150,023‌
1,471‌
Nelnet
Inc
466‌
61‌
Onity
Group
Inc
(d)
289‌
13‌
Oportun
Financial
Corp
(d)
1,758‌
10‌
Pagseguro
Digital
Ltd
2,892‌
33‌
PennyMac
Financial
Services
Inc
1,229‌
123‌
PRA
Group
Inc
(d)
1,661‌
21‌
Radian
Group
Inc
60,338‌
1,985‌
Regional
Management
Corp
344‌
13‌
Resolute
Holdings
Management
Inc
(d),(e)
111‌
23‌
Security
National
Financial
Corp
(d)
740‌
6‌
Siebert
Financial
Corp
(d)
543‌
2‌
Silvercrest
Asset
Management
Group
Inc
294‌
4‌
SLM
Corp
69,100‌
1,876‌
Strive
Inc
(d)
9,451‌
8‌
SWK
Holdings
Corp
146‌
3‌
Velocity
Financial
Inc
(d)
488‌
10‌
Virtus
Investment
Partners
Inc
10,746‌
1,754‌
Voya
Financial
Inc
18,400‌
1,411‌
Vroom
Inc
(d),(e)
38‌
1‌
Webull
Corp
(d)
10,027‌
70‌
Westwood
Holdings
Group
Inc
356‌
6‌
World
Acceptance
Corp
(d)
117‌
14‌
$
46,312‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
232
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
-
1
.08
%
Ameresco
Inc
(d)
1,353‌
$
42‌
Avista
Corp
52,997‌
2,188‌
Black
Hills
Corp
35,757‌
2,610‌
Genie
Energy
Ltd
838‌
12‌
Hawaiian
Electric
Industries
Inc
(d)
7,364‌
113‌
MGE
Energy
Inc
738‌
59‌
Northwestern
Energy
Group
Inc
33,696‌
2,286‌
Oklo
Inc
(d),(e)
3,511‌
280‌
Ormat
Technologies
Inc
2,573‌
321‌
Otter
Tail
Corp
12,217‌
1,090‌
Portland
General
Electric
Co
49,313‌
2,478‌
TXNM
Energy
Inc
4,250‌
250‌
Unitil
Corp
21,937‌
1,117‌
$
12,846‌
Electrical
Components
&
Equipment
-
0
.16
%
AZZ
Inc
5,500‌
684‌
Energizer
Holdings
Inc
38,486‌
840‌
EnerSys
1,485‌
268‌
Insteel
Industries
Inc
368‌
12‌
nLight
Inc
(d)
1,824‌
83‌
$
1,887‌
Electronics
-
2
.71
%
Allient
Inc
559‌
34‌
Applied
Optoelectronics
Inc
(d),(e)
513‌
22‌
Arrow
Electronics
Inc
(d)
12,500‌
1,656‌
Atkore
Inc
22,039‌
1,531‌
Atmus
Filtration
Technologies
Inc
39,640‌
2,298‌
Avnet
Inc
37,000‌
2,308‌
Bel
Fuse
Inc
-
A
Shares
71‌
13‌
Bel
Fuse
Inc
-
B
Shares
432‌
87‌
Benchmark
Electronics
Inc
1,502‌
78‌
CTS
Corp
1,035‌
53‌
Ingram
Micro
Holding
Corp
(e)
50,500‌
1,067‌
Itron
Inc
(d)
983‌
97‌
Kimball
Electronics
Inc
(d)
45,449‌
1,373‌
Knowles
Corp
(d)
3,355‌
81‌
MicroVision
Inc
(d)
4,387‌
4‌
Neonode
Inc
(d)
109‌
—‌
Plexus
Corp
(d)
7,393‌
1,474‌
Sanmina
Corp
(d)
104,396‌
14,790‌
Sensata
Technologies
Holding
PLC
55,600‌
1,923‌
Standard
BioTools
Inc
(d)
12,686‌
18‌
TTM
Technologies
Inc
(d)
4,315‌
424‌
Turtle
Beach
Corp
(d)
230‌
3‌
Vishay
Intertechnology
Inc
85,492‌
1,723‌
Vontier
Corp
33,700‌
1,264‌
$
32,321‌
Energy
-
Alternate
Sources
-
0
.28
%
Array
Technologies
Inc
(d)
5,016‌
57‌
Fluence
Energy
Inc
(d)
547‌
17‌
FutureFuel
Corp
1,206‌
4‌
Gevo
Inc
(d)
9,602‌
19‌
Green
Plains
Inc
(d)
2,829‌
32‌
Montauk
Renewables
Inc
(d)
2,536‌
4‌
Nextpower
Inc
(d)
7,930‌
929‌
OPAL
Fuels
Inc
(d)
526‌
1‌
Plug
Power
Inc
(d)
47,567‌
101‌
REX
American
Resources
Corp
(d)
57,356‌
1,939‌
Shoals
Technologies
Group
Inc
(d)
5,969‌
56‌
SunPower
Inc
(d)
2,213‌
4‌
Sunrun
Inc
(d)
9,445‌
180‌
T1
Energy
Inc
(d)
5,625‌
47‌
XCF
Global
Inc
(d)
1,506‌
—‌
$
3,390‌
Engineering
&
Construction
-
0
.29
%
908
Devices
Inc
(d),(e)
273‌
2‌
Arcosa
Inc
1,469‌
168‌
Bowman
Consulting
Group
Ltd
(d)
33‌
1‌
Concrete
Pumping
Holdings
Inc
(d)
891‌
5‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Engineering
&
Construction
(continued)
Fluor
Corp
(d)
42,627‌
$
1,969‌
Granite
Construction
Inc
249‌
30‌
Great
Lakes
Dredge
&
Dock
Corp
(d)
2,810‌
42‌
Latham
Group
Inc
(d)
229‌
1‌
Mistras
Group
Inc
(d)
533‌
8‌
Orion
Group
Holdings
Inc
(d)
1,349‌
16‌
Primoris
Services
Corp
145‌
22‌
Southland
Holdings
Inc
(d)
757‌
1‌
Tutor
Perini
Corp
15,815‌
1,248‌
$
3,513‌
Entertainment
-
1
.58
%
Accel
Entertainment
Inc
(d)
135,900‌
1,537‌
AMC
Entertainment
Holdings
Inc
(d),(e)
21,810‌
30‌
Brightstar
Lottery
PLC
111,782‌
1,618‌
Churchill
Downs
Inc
66,070‌
6,499‌
Falcon's
Beyond
Global
Inc
(d),(e)
140‌
1‌
Golden
Entertainment
Inc
813‌
22‌
Lionsgate
Studios
Corp
(d)
8,692‌
82‌
Marriott
Vacations
Worldwide
Corp
27,314‌
1,484‌
Monarch
Casino
&
Resort
Inc
5,700‌
522‌
Pursuit
Attractions
and
Hospitality
Inc
(d)
848‌
29‌
RCI
Hospitality
Holdings
Inc
150‌
4‌
Red
Rock
Resorts
Inc
90,093‌
5,688‌
Reservoir
Media
Inc
(d)
804‌
6‌
Six
Flags
Entertainment
Corp
(d)
847‌
15‌
Starz
Entertainment
Corp
(d),(e)
550‌
5‌
United
Parks
&
Resorts
Inc
(d)
35,013‌
1,318‌
Webtoon
Entertainment
Inc
(d),(e)
847‌
10‌
$
18,870‌
Environmental
Control
-
1
.13
%
Arq
Inc
(d)
1,375‌
5‌
Clean
Harbors
Inc
(d)
51,580‌
13,406‌
Enviri
Corp
(d)
3,205‌
61‌
Montrose
Environmental
Group
Inc
(d)
1,365‌
30‌
Perma-Fix
Environmental
Services
Inc
(d),(e)
654‌
10‌
Pure
Cycle
Corp
(d)
887‌
10‌
$
13,522‌
Food
-
0
.20
%
B&G
Foods
Inc
3,619‌
16‌
Beyond
Meat
Inc
(d),(e)
15,846‌
12‌
Calavo
Growers
Inc
95‌
2‌
Grocery
Outlet
Holding
Corp
(d)
4,017‌
38‌
Hain
Celestial
Group
Inc/The
(d)
4,331‌
5‌
HF
Foods
Group
Inc
(d)
1,923‌
4‌
Ingles
Markets
Inc
611‌
46‌
John
B
Sanfilippo
&
Son
Inc
24,090‌
1,949‌
Mission
Produce
Inc
(d)
1,767‌
24‌
Nathan's
Famous
Inc
20‌
2‌
Seneca
Foods
Corp
-
Class
A
(d)
189‌
22‌
Simply
Good
Foods
Co/The
(d)
1,399‌
26‌
TreeHouse
Foods
Inc
(d)
2,118‌
52‌
United
Natural
Foods
Inc
(d)
2,525‌
94‌
Utz
Brands
Inc
3,103‌
33‌
Village
Super
Market
Inc
398‌
14‌
Weis
Markets
Inc
571‌
41‌
$
2,380‌
Forest
Products
&
Paper
-
0
.09
%
Magnera
Corp
(d)
1,342‌
17‌
Sylvamo
Corp
22,442‌
1,099‌
$
1,116‌
Gas
-
2
.02
%
Brookfield
Infrastructure
Corp
(e)
5,084‌
243‌
Chesapeake
Utilities
Corp
644‌
83‌
MDU
Resources
Group
Inc
81,400‌
1,669‌
New
Jersey
Resources
Corp
44,445‌
2,199‌
Northwest
Natural
Holding
Co
176,606‌
8,223‌
ONE
Gas
Inc
14,712‌
1,171‌
RGC
Resources
Inc
348‌
8‌
Southwest
Gas
Holdings
Inc
2,728‌
226‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
233
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Gas
(continued)
Spire
Inc
121,931‌
$
10,302‌
$
24,124‌
Hand
&
Machine
Tools
-
0
.98
%
Kennametal
Inc
22,015‌
757‌
Lincoln
Electric
Holdings
Inc
41,265‌
10,950‌
Luxfer
Holdings
PLC
1,128‌
17‌
$
11,724‌
Healthcare
-
Products
-
1
.69
%
10X
Genomics
Inc
(d)
3,439‌
69‌
Accuray
Inc
(d)
651‌
1‌
AngioDynamics
Inc
(d)
1,415‌
15‌
Artivion
Inc
(d)
351‌
14‌
Avanos
Medical
Inc
(d)
1,921‌
26‌
Azenta
Inc
(d)
1,716‌
67‌
Beta
Bionics
Inc
(d)
224‌
3‌
Bruker
Corp
236,940‌
10,494‌
CapsoVision
Inc
(d)
75‌
—‌
Castle
Biosciences
Inc
(d)
1,191‌
47‌
CONMED
Corp
1,309‌
50‌
Embecta
Corp
2,181‌
23‌
Enovis
Corp
(d)
2,408‌
53‌
Envista
Holdings
Corp
(d)
46,300‌
1,087‌
GRAIL
Inc
(d)
1,476‌
144‌
ICU
Medical
Inc
(d)
248‌
37‌
Inmode
Ltd
(d)
119,000‌
1,870‌
Inogen
Inc
(d)
1,139‌
7‌
Integra
LifeSciences
Holdings
Corp
(d)
2,865‌
32‌
Kestra
Medical
Technologies
Ltd
(d)
92‌
2‌
Lantheus
Holdings
Inc
(d)
34,700‌
2,322‌
LivaNova
PLC
(d)
36,241‌
2,382‌
Lucid
Diagnostics
Inc
(d)
1,938‌
2‌
MaxCyte
Inc
(d)
4,843‌
4‌
Merit
Medical
Systems
Inc
(d)
190‌
15‌
Neogen
Corp
(d)
9,280‌
95‌
OmniAb
Inc
(d)
4,031‌
7‌
OmniAb
Inc
-
Rights
(d)
476‌
—‌
OmniAb
Inc
-
Rights
(d)
476‌
—‌
Omnicell
Inc
(d)
1,923‌
93‌
OraSure
Technologies
Inc
(d)
3,376‌
9‌
Orthofix
Medical
Inc
(d)
1,632‌
22‌
OrthoPediatrics
Corp
(d)
606‌
11‌
Outset
Medical
Inc
(d),(e)
572‌
3‌
Pacific
Biosciences
of
California
Inc
(d)
11,765‌
27‌
Picard
Medical
Inc
(d)
68‌
—‌
Quanterix
Corp
(d)
1,754‌
11‌
Quantum-Si
Inc
(d),(e)
7,037‌
8‌
QuidelOrtho
Corp
(d)
1,617‌
44‌
Shoulder
Innovations
Inc
(d)
96‌
1‌
STAAR
Surgical
Co
(d)
314‌
6‌
Stereotaxis
Inc
(d)
231‌
1‌
Tactile
Systems
Technology
Inc
(d)
927‌
27‌
Utah
Medical
Products
Inc
16,287‌
994‌
Varex
Imaging
Corp
(d)
1,731‌
24‌
$
20,149‌
Healthcare
-
Services
-
0
.51
%
Acadia
Healthcare
Co
Inc
(d)
75,800‌
1,019‌
Addus
HomeCare
Corp
(d)
387‌
40‌
Ardent
Health
Inc
(d)
72,862‌
595‌
Astrana
Health
Inc
(d)
58,200‌
1,323‌
Aveanna
Healthcare
Holdings
Inc
(d)
724‌
6‌
Brookdale
Senior
Living
Inc
(d)
1,150‌
17‌
Community
Health
Systems
Inc
(d)
2,258‌
7‌
Concentra
Group
Holdings
Parent
Inc
64,667‌
1,434‌
DocGo
Inc
(d)
4,358‌
3‌
Enhabit
Inc
(d)
2,121‌
23‌
Fortrea
Holdings
Inc
(d)
3,852‌
65‌
Fulgent
Genetics
Inc
(d)
873‌
23‌
Ginkgo
Bioworks
Holdings
Inc
(d)
1,603‌
14‌
Innovage
Holding
Corp
(d)
532‌
3‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
(continued)
LifeStance
Health
Group
Inc
(d)
3,112‌
$
22‌
Nano-X
Imaging
Ltd
(d),(e)
2,198‌
6‌
National
HealthCare
Corp
530‌
76‌
OPKO
Health
Inc
(d)
17,374‌
22‌
PACS
Group
Inc
(d)
145‌
5‌
Pediatrix
Medical
Group
Inc
(d)
3,651‌
78‌
Personalis
Inc
(d)
2,157‌
20‌
RadNet
Inc
(d)
542‌
38‌
SBC
Medical
Group
Holdings
Inc
(d),(e)
420‌
2‌
Select
Medical
Holdings
Corp
78,096‌
1,175‌
Sonida
Senior
Living
Inc
(d)
115‌
4‌
Strata
Critical
Medical
Inc
(d),(e)
2,804‌
14‌
Surgery
Partners
Inc
(d)
3,268‌
49‌
Teladoc
Health
Inc
(d)
6,004‌
33‌
US
Physical
Therapy
Inc
241‌
20‌
$
6,136‌
Home
Builders
-
1
.92
%
Beazer
Homes
USA
Inc
(d)
1,158‌
25‌
Century
Communities
Inc
8,182‌
516‌
Dream
Finders
Homes
Inc
(d)
940‌
17‌
Forestar
Group
Inc
(d)
827‌
21‌
Green
Brick
Partners
Inc
(d)
7,849‌
545‌
Hovnanian
Enterprises
Inc
(d)
198‌
22‌
Installed
Building
Products
Inc
17,665‌
5,090‌
KB
Home
11,106‌
639‌
LCI
Industries
888‌
130‌
LGI
Homes
Inc
(d)
859‌
43‌
M/I
Homes
Inc
(d)
5,094‌
681‌
Meritage
Homes
Corp
67,092‌
4,663‌
Taylor
Morrison
Home
Corp
(d)
79,851‌
4,867‌
Thor
Industries
Inc
17,400‌
1,947‌
Tri
Pointe
Homes
Inc
(d)
46,655‌
1,556‌
Winnebago
Industries
Inc
46,428‌
2,132‌
$
22,894‌
Home
Furnishings
-
0
.21
%
Alliance
Laundry
Holdings
Inc
(d)
1,415‌
31‌
Daktronics
Inc
(d)
1,322‌
31‌
Ethan
Allen
Interiors
Inc
972‌
22‌
Flexsteel
Industries
Inc
150‌
6‌
Hamilton
Beach
Brands
Holding
Co
344‌
7‌
Leggett
&
Platt
Inc
109,139‌
1,274‌
Lovesac
Co/The
(d)
238‌
3‌
MillerKnoll
Inc
57,099‌
1,147‌
Sleep
Number
Corp
(d),(e)
787‌
9‌
Sonos
Inc
(d)
434‌
6‌
Traeger
Inc
(d)
1,978‌
2‌
Xperi
Inc
(d)
1,960‌
11‌
$
2,549‌
Housewares
-
0
.09
%
Central
Garden
&
Pet
Co
(d),(e)
29,171‌
987‌
Central
Garden
&
Pet
Co
-
A
Shares
(d)
2,126‌
65‌
$
1,052‌
Insurance
-
2
.78
%
Abacus
Global
Management
Inc
1,170‌
9‌
American
Coastal
Insurance
Corp
552‌
6‌
American
Integrity
Insurance
Group
Inc
(d)
238‌
4‌
AMERISAFE
Inc
414‌
16‌
Aspen
Insurance
Holdings
Ltd
(d)
36,372‌
1,358‌
Assured
Guaranty
Ltd
12,700‌
1,078‌
Ategrity
Specialty
Holdings
LLC
(d)
187‌
3‌
Citizens
Inc/TX
(d),(e)
1,890‌
10‌
CNO
Financial
Group
Inc
53,697‌
2,258‌
Donegal
Group
Inc
761‌
14‌
eHealth
Inc
(d)
1,379‌
4‌
Employers
Holdings
Inc
21,344‌
931‌
Essent
Group
Ltd
34,220‌
2,154‌
F&G
Annuities
&
Life
Inc
47,892‌
1,412‌
Fidelis
Insurance
Holdings
Ltd
2,356‌
45‌
Genworth
Financial
Inc
(d)
17,173‌
143‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
234
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
GoHealth
Inc
(d)
415‌
$
1‌
Goosehead
Insurance
Inc
(d)
213‌
13‌
Greenlight
Capital
Re
Ltd
(d)
1,141‌
16‌
Hamilton
Insurance
Group
Ltd
(d)
1,892‌
53‌
Hanover
Insurance
Group
Inc/The
33,030‌
5,751‌
Heritage
Insurance
Holdings
Inc
(d)
245‌
6‌
Hippo
Holdings
Inc
(d)
340‌
10‌
Horace
Mann
Educators
Corp
24,129‌
1,081‌
Investors
Title
Co
49‌
13‌
Jackson
Financial
Inc
2,920‌
347‌
James
River
Group
Holdings
Inc
1,653‌
11‌
Kemper
Corp
38,400‌
1,513‌
Kestrel
Group
Ltd
(d)
74‌
1‌
Kingstone
Cos
Inc
41‌
1‌
Lincoln
National
Corp
34,500‌
1,436‌
MBIA
Inc
(d)
1,985‌
13‌
Mercury
General
Corp
1,130‌
99‌
MGIC
Investment
Corp
37,200‌
1,001‌
NI
Holdings
Inc
(d)
327‌
4‌
NMI
Holdings
Inc
(d)
53,890‌
2,087‌
Octave
Specialty
Group
Inc
(d)
1,865‌
11‌
ProAssurance
Corp
(d)
2,151‌
52‌
Safety
Insurance
Group
Inc
615‌
48‌
Selective
Insurance
Group
Inc
70,366‌
5,916‌
Selectquote
Inc
(d)
2,339‌
3‌
SiriusPoint
Ltd
(d)
3,876‌
79‌
Slide
Insurance
Holdings
Inc
(d)
729‌
13‌
Stewart
Information
Services
Corp
20,613‌
1,390‌
Tiptree
Inc
762‌
14‌
United
Fire
Group
Inc
19,865‌
714‌
Universal
Insurance
Holdings
Inc
820‌
25‌
White
Mountains
Insurance
Group
Ltd
940‌
1,922‌
$
33,089‌
Internet
-
0
.19
%
1-800-Flowers.com
Inc
(d),(e)
999‌
4‌
Angi
Inc
(d)
1,516‌
20‌
BARK
Inc
(d)
1,524‌
1‌
Bed
Bath
&
Beyond
Inc
(d)
2,887‌
17‌
Bumble
Inc
(d)
3,045‌
10‌
Cars.com
Inc
(d)
2,265‌
26‌
Entravision
Communications
Corp
2,419‌
7‌
ePlus
Inc
22,350‌
1,918‌
Eventbrite
Inc
(d)
3,322‌
15‌
Gaia
Inc
(d)
715‌
2‌
Getty
Images
Holdings
Inc
(d)
5,273‌
7‌
HealthStream
Inc
641‌
14‌
Lands'
End
Inc
(d)
394‌
7‌
LifeMD
Inc
(d),(e)
716‌
2‌
Newsmax
Inc
(d),(e)
1,998‌
14‌
Nextdoor
Holdings
Inc
(d)
9,273‌
18‌
Open
Lending
Corp
(d)
4,592‌
8‌
Phoenix
Education
Partners
Inc
56‌
2‌
RealReal
Inc/The
(d)
3,155‌
46‌
Rumble
Inc
(d),(e)
3,433‌
20‌
Serve
Robotics
Inc
(d),(e)
277‌
3‌
Shutterstock
Inc
1,042‌
21‌
Stitch
Fix
Inc
(d)
4,274‌
21‌
TripAdvisor
Inc
(d)
2,503‌
33‌
Tucows
Inc
(d)
273‌
6‌
Vivid
Seats
Inc
(d),(e)
100‌
1‌
Ziff
Davis
Inc
(d)
1,711‌
65‌
$
2,308‌
Investment
Companies
-
0
.11
%
Bit
Digital
Inc
(d)
13,512‌
27‌
Cannae
Holdings
Inc
1,991‌
29‌
Cipher
Mining
Inc
(d)
13,704‌
219‌
Cleanspark
Inc
(d)
11,723‌
139‌
Compass
Diversified
Holdings
2,885‌
19‌
Core
Scientific
Inc
(d),(e)
2,032‌
37‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Investment
Companies
(continued)
HA
Sustainable
Infrastructure
Capital
Inc
5,163‌
$
178‌
Hut
8
Corp
(d)
4,030‌
225‌
Innventure
Inc
(d),(e)
1,020‌
3‌
MARA
Holdings
Inc
(d)
15,702‌
149‌
Riot
Platforms
Inc
(d)
14,733‌
228‌
Terawulf
Inc
(d)
702‌
9‌
$
1,262‌
Iron
&
Steel
-
1
.01
%
Commercial
Metals
Co
155,925‌
11,986‌
Friedman
Industries
Inc
322‌
6‌
$
11,992‌
Leisure
Products
&
Services
-
1
.25
%
American
Outdoor
Brands
Inc
(d)
588‌
5‌
Brunswick
Corp/DE
27,400‌
2,198‌
Callaway
Golf
Co
(d)
5,571‌
80‌
Clarus
Corp
1,415‌
5‌
Escalade
Inc
484‌
7‌
Global
Business
Travel
Group
I
(d),(e)
628‌
4‌
Harley-Davidson
Inc
67,600‌
1,339‌
Johnson
Outdoors
Inc
260‌
12‌
Malibu
Boats
Inc
(d)
783‌
25‌
Marine
Products
Corp
188‌
2‌
MasterCraft
Boat
Holdings
Inc
(d)
713‌
15‌
Norwegian
Cruise
Line
Holdings
Ltd
(d)
379,350‌
8,331‌
Peloton
Interactive
Inc
(d)
10,838‌
61‌
Polaris
Inc
25,051‌
1,599‌
Sabre
Corp
(d)
12,144‌
16‌
YETI
Holdings
Inc
(d)
26,500‌
1,211‌
$
14,910‌
Lodging
-
0
.42
%
Boyd
Gaming
Corp
12,600‌
1,065‌
Hilton
Grand
Vacations
Inc
(d)
41,500‌
1,872‌
Marcus
Corp/The
942‌
15‌
Travel
+
Leisure
Co
30,200‌
2,100‌
$
5,052‌
Machinery
-
Construction
&
Mining
-
0
.02
%
Astec
Industries
Inc
955‌
47‌
Hyster-Yale
Inc
483‌
16‌
Manitowoc
Co
Inc/The
(d)
1,454‌
19‌
NANO
Nuclear
Energy
Inc
(d),(e)
117‌
3‌
Net
Power
Inc
(d),(e)
1,350‌
3‌
Terex
Corp
2,716‌
155‌
$
243‌
Machinery
-
Diversified
-
2
.31
%
Aebi
Schmidt
Holding
AG
1,457‌
21‌
Alamo
Group
Inc
42,525‌
8,306‌
Albany
International
Corp
16,235‌
901‌
Cactus
Inc
26,000‌
1,462‌
Columbus
McKinnon
Corp/NY
130,824‌
2,758‌
CSW
Industrials
Inc
20,875‌
5,636‌
Eastman
Kodak
Co
(d)
2,180‌
16‌
Flowserve
Corp
36,000‌
2,813‌
Gates
Industrial
Corp
PLC
(d)
43,100‌
992‌
Gencor
Industries
Inc
(d)
495‌
7‌
Ichor
Holdings
Ltd
(d)
1,429‌
43‌
Palladyne
AI
Corp
(d),(e)
1,149‌
7‌
Power
Solutions
International
Inc
(d)
31‌
2‌
Tennant
Co
18,357‌
1,397‌
Thermon
Group
Holdings
Inc
(d)
69,247‌
3,134‌
$
27,495‌
Media
-
0
.10
%
AMC
Networks
Inc
(d)
1,417‌
11‌
Cable
One
Inc
210‌
17‌
CuriosityStream
Inc
222‌
1‌
EW
Scripps
Co/The
(d)
2,923‌
10‌
Gray
Media
Inc
3,683‌
17‌
iHeartMedia
Inc
(d)
5,077‌
16‌
Liberty
Latin
America
Ltd
-
Class
A
(d)
1,309‌
10‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
235
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
(continued)
Liberty
Latin
America
Ltd
-
Class
C
(d)
5,356‌
$
42‌
Optimum
Communications
Inc
(d)
9,442‌
14‌
Scholastic
Corp
846‌
30‌
Sinclair
Inc
1,624‌
23‌
Sphere
Entertainment
Co
(d)
1,168‌
111‌
TEGNA
Inc
49,168‌
942‌
USA
TODAY
Co
Inc
(d)
681‌
4‌
Value
Line
Inc
23‌
1‌
$
1,249‌
Metal
Fabrication
&
Hardware
-
2
.49
%
Ascent
Industries
Co
(d)
404‌
7‌
Eastern
Co/The
275‌
5‌
Helios
Technologies
Inc
1,394‌
90‌
Hillman
Solutions
Corp
(d)
8,363‌
78‌
Janus
International
Group
Inc
(d)
205,481‌
1,410‌
L
B
Foster
Co
(d)
14,318‌
430‌
Mayville
Engineering
Co
Inc
(d)
529‌
10‌
Metallus
Inc
(d)
1,544‌
31‌
Mueller
Industries
Inc
94,530‌
12,869‌
Olympic
Steel
Inc
412‌
20‌
Park-Ohio
Holdings
Corp
429‌
10‌
Proto
Labs
Inc
(d)
997‌
53‌
Ryerson
Holding
Corp
1,151‌
32‌
Standex
International
Corp
88‌
21‌
Timken
Co/The
23,200‌
2,162‌
Tredegar
Corp
(d)
1,198‌
10‌
Valmont
Industries
Inc
27,705‌
12,344‌
Worthington
Enterprises
Inc
895‌
50‌
Worthington
Steel
Inc
1,381‌
56‌
$
29,688‌
Mining
-
0
.48
%
American
Battery
Technology
Co
(d)
2,298‌
9‌
Caledonia
Mining
Corp
PLC
706‌
19‌
Centrus
Energy
Corp
(d)
159‌
44‌
Coeur
Mining
Inc
(d)
13,526‌
276‌
Compass
Minerals
International
Inc
(d)
352‌
9‌
Constellium
SE
(d)
71,483‌
1,606‌
Critical
Metals
Corp
(d),(e)
1,190‌
16‌
Encore
Energy
Corp
(d),(e)
7,644‌
24‌
Energy
Fuels
Inc/Canada
(d)
7,069‌
159‌
Ferroglobe
PLC
4,951‌
24‌
Hecla
Mining
Co
20,498‌
462‌
Ivanhoe
Electric
Inc
/
US
(d)
701‌
12‌
Kaiser
Aluminum
Corp
23,046‌
2,826‌
Novagold
Resources
Inc
(d)
938‌
8‌
SSR
Mining
Inc
(d)
8,599‌
196‌
USA
Rare
Earth
Inc
(d),(e)
1,868‌
42‌
$
5,732‌
Miscellaneous
Manufacturers
-
1
.31
%
Avient
Corp
3,877‌
140‌
Core
Molding
Technologies
Inc
(d)
406‌
8‌
Enpro
Inc
775‌
185‌
Hillenbrand
Inc
61,063‌
1,949‌
JBT
Marel
Corp
72,507‌
11,406‌
LSB
Industries
Inc
(d)
2,275‌
21‌
Materion
Corp
698‌
97‌
Myers
Industries
Inc
80,372‌
1,661‌
NL
Industries
Inc
403‌
2‌
Outdoor
Holding
Co
(d)
4,358‌
7‌
Park
Aerospace
Corp
416‌
10‌
Smith
&
Wesson
Brands
Inc
1,875‌
21‌
Sturm
Ruger
&
Co
Inc
416‌
15‌
Trinity
Industries
Inc
1,801‌
52‌
$
15,574‌
Office
&
Business
Equipment
-
0
.00
%
Xerox
Holdings
Corp
5,258‌
12‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Office
Furnishings
-
0
.01
%
CompX
International
Inc
43‌
$
1‌
HNI
Corp
1,580‌
75‌
Interface
Inc
2,155‌
68‌
Virco
Mfg.
Corp
515‌
4‌
$
148‌
Oil
&
Gas
-
5
.22
%
Antero
Resources
Corp
(d)
174,750‌
6,356‌
Baytex
Energy
Corp
793,571‌
2,722‌
BKV
Corp
(d)
931‌
28‌
Borr
Drilling
Ltd
(d)
11,257‌
53‌
California
Resources
Corp
24,813‌
1,327‌
CNX
Resources
Corp
(d)
5,507‌
214‌
Comstock
Resources
Inc
(d)
950‌
23‌
Crescent
Energy
Co
446,270‌
4,360‌
CVR
Energy
Inc
57,900‌
1,317‌
Delek
US
Holdings
Inc
56,200‌
1,658‌
Diversified
Energy
Co
2,652‌
35‌
Empire
Petroleum
Corp
(d),(e)
192‌
1‌
Epsilon
Energy
Ltd
756‌
4‌
Evolution
Petroleum
Corp
335‌
1‌
Granite
Ridge
Resources
Inc
2,261‌
11‌
Helmerich
&
Payne
Inc
4,079‌
138‌
HighPeak
Energy
Inc
(e)
876‌
4‌
Infinity
Natural
Resources
Inc
(d)
563‌
9‌
Kolibri
Global
Energy
Inc
(d)
1,127‌
5‌
Kosmos
Energy
Ltd
(d)
1,176,253‌
1,859‌
Magnolia
Oil
&
Gas
Corp
6,112‌
156‌
Matador
Resources
Co
124,090‌
5,614‌
Murphy
Oil
Corp
259,529‌
7,810‌
Nabors
Industries
Ltd
(d)
590‌
39‌
NextNRG
Inc
(d)
1,044‌
1‌
Noble
Corp
PLC
178,600‌
6,362‌
Northern
Oil
&
Gas
Inc
87,776‌
2,194‌
Par
Pacific
Holdings
Inc
(d)
53,966‌
2,036‌
Patterson-UTI
Energy
Inc
14,659‌
110‌
PBF
Energy
Inc
66,981‌
2,241‌
Permian
Resources
Corp
373,640‌
6,027‌
Prairie
Operating
Co
(d),(e)
1,055‌
2‌
PrimeEnergy
Resources
Corp
(d)
11‌
2‌
Riley
Exploration
Permian
Inc
563‌
16‌
SandRidge
Energy
Inc
1,534‌
24‌
Seadrill
Ltd
(d)
1,678‌
65‌
SM
Energy
Co
92,788‌
1,806‌
Talos
Energy
Inc
(d)
190,457‌
2,270‌
Transocean
Ltd
(d)
39,258‌
195‌
VAALCO
Energy
Inc
(e)
508,149‌
2,612‌
Valaris
Ltd
(d)
21,608‌
1,248‌
Vitesse
Energy
Inc
(e)
1,230‌
26‌
W&T
Offshore
Inc
4,446‌
10‌
Weatherford
International
PLC
13,600‌
1,279‌
$
62,270‌
Oil
&
Gas
Services
-
3
.23
%
Archrock
Inc
368,005‌
10,889‌
Atlas
Energy
Solutions
Inc
(e)
925‌
11‌
Bristow
Group
Inc
(d)
1,193‌
52‌
Core
Laboratories
Inc
88,791‌
1,735‌
DMC
Global
Inc
(d)
628‌
5‌
DNOW
Inc
(d)
7,868‌
120‌
Expro
Group
Holdings
NV
(d)
146,926‌
2,352‌
Flotek
Industries
Inc
(d),(e)
461‌
8‌
Flowco
Holdings
Inc
423‌
9‌
Forum
Energy
Technologies
Inc
(d)
423‌
19‌
Helix
Energy
Solutions
Group
Inc
(d)
170,244‌
1,352‌
Innovex
International
Inc
(d)
78,236‌
1,944‌
Liberty
Energy
Inc
80,279‌
1,979‌
Mammoth
Energy
Services
Inc
(d)
1,039‌
2‌
Matrix
Service
Co
(d)
899‌
13‌
National
Energy
Services
Reunited
Corp
(d)
89,751‌
1,766‌
Natural
Gas
Services
Group
Inc
325‌
11‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
236
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
Services
(continued)
NOV
Inc
141,900‌
$
2,604‌
Oceaneering
International
Inc
(d)
514‌
15‌
Oil
States
International
Inc
(d)
232,212‌
1,967‌
ProFrac
Holding
Corp
(d),(e)
238,333‌
1,241‌
ProPetro
Holding
Corp
(d)
222,311‌
2,555‌
Ranger
Energy
Services
Inc
883‌
14‌
RPC
Inc
229,461‌
1,526‌
SEACOR
Marine
Holdings
Inc
(d)
983‌
7‌
Select
Water
Solutions
Inc
82,761‌
1,001‌
TETRA
Technologies
Inc
(d)
407,514‌
4,646‌
Tidewater
Inc
(d)
10,580‌
661‌
$
38,504‌
Packaging
&
Containers
-
0
.22
%
Ardagh
Metal
Packaging
SA
4,257‌
19‌
Clearwater
Paper
Corp
(d)
692‌
12‌
Greif
Inc
-
Class
A
1,063‌
75‌
Greif
Inc
-
Class
B
181‌
15‌
O-I
Glass
Inc
(d)
4,898‌
75‌
Ranpak
Holdings
Corp
(d)
2,062‌
10‌
Sonoco
Products
Co
22,000‌
1,056‌
TriMas
Corp
40,524‌
1,409‌
$
2,671‌
Pharmaceuticals
-
0
.46
%
Accendra
Health
Inc
(d)
3,385‌
7‌
Aclaris
Therapeutics
Inc
(d)
4,084‌
14‌
AdaptHealth
Corp
(d)
4,295‌
43‌
Agios
Pharmaceuticals
Inc
(d)
2,378‌
65‌
Akebia
Therapeutics
Inc
(d)
10,178‌
14‌
Alkermes
PLC
(d)
1,707‌
58‌
Amneal
Pharmaceuticals
Inc
(d)
797‌
11‌
Amphastar
Pharmaceuticals
Inc
(d)
60,362‌
1,599‌
Amylyx
Pharmaceuticals
Inc
(d)
806‌
12‌
Anika
Therapeutics
Inc
(d)
596‌
5‌
Aquestive
Therapeutics
Inc
(d)
3,307‌
10‌
Arvinas
Inc
(d)
2,482‌
33‌
AstraZeneca
PLC
-
Contingent
Value
Rights
(d),(f)
3,047‌
1‌
aTyr
Pharma
Inc
(d),(e)
620‌
1‌
Biote
Corp
(d)
878‌
2‌
Candel
Therapeutics
Inc
(d),(e)
289‌
2‌
Coherus
Oncology
Inc
(d)
3,076‌
7‌
Enanta
Pharmaceuticals
Inc
(d)
1,231‌
16‌
Fennec
Pharmaceuticals
Inc
(d)
821‌
6‌
Foghorn
Therapeutics
Inc
(d)
578‌
3‌
Fulcrum
Therapeutics
Inc
(d)
1,668‌
18‌
Herbalife
Ltd
(d)
1,121‌
19‌
Heron
Therapeutics
Inc
(d)
6,077‌
8‌
Indivior
Pharmaceuticals
Inc
(d)
754‌
27‌
Inhibikase
Therapeutics
Inc
(d)
2,647‌
4‌
Ironwood
Pharmaceuticals
Inc
(d)
613‌
3‌
Jazz
Pharmaceuticals
PLC
(d)
14,000‌
2,303‌
MediWound
Ltd
(d),(e)
33‌
1‌
Nature's
Sunshine
Products
Inc
(d)
565‌
14‌
Neurogene
Inc
(d)
439‌
8‌
ORIC
Pharmaceuticals
Inc
(d)
1,992‌
20‌
Pacira
BioSciences
Inc
(d)
1,717‌
35‌
Pfizer
Inc
-
Contingent
Value
Rights
(d),(e)
1,179‌
6‌
SIGA
Technologies
Inc
100,569‌
674‌
Spyre
Therapeutics
Inc
(d)
949‌
30‌
Supernus
Pharmaceuticals
Inc
(d)
2,081‌
100‌
Tonix
Pharmaceuticals
Holding
Corp
(d),(e)
496‌
9‌
USANA
Health
Sciences
Inc
(d)
491‌
11‌
Vanda
Pharmaceuticals
Inc
(d)
2,279‌
17‌
Vaxcyte
Inc
(d)
4,830‌
259‌
Voyager
Therapeutics
Inc
(d)
2,090‌
8‌
$
5,483‌
Pipelines
-
0
.30
%
Excelerate
Energy
Inc
49,048‌
1,832‌
Golar
LNG
Ltd
(e)
4,123‌
167‌
Kinetik
Holdings
Inc
(e)
499‌
20‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pipelines
(continued)
New
Fortress
Energy
Inc
(d),(e)
7,148‌
$
10‌
NextDecade
Corp
(d),(e)
294,100‌
1,556‌
Summit
Midstream
Corp
(d)
412‌
12‌
$
3,597‌
Real
Estate
-
1
.85
%
American
Realty
Investors
Inc
(d)
54‌
1‌
Compass
Inc
(d)
6,417‌
80‌
Cushman
&
Wakefield
Ltd
(d)
1,057,985‌
17,394‌
Douglas
Elliman
Inc
(d)
364,725‌
985‌
FRP
Holdings
Inc
(d)
508‌
12‌
Kennedy-Wilson
Holdings
Inc
5,101‌
50‌
Legacy
Housing
Corp
(d)
23,873‌
496‌
Logistic
Properties
Of
The
Americas
(d)
269‌
1‌
Marcus
&
Millichap
Inc
33,113‌
901‌
Maui
Land
&
Pineapple
Co
Inc
(d),(e)
20‌
—‌
McGrath
RentCorp
4,055‌
453‌
Mobile
Infrastructure
Corp
(d),(e)
689‌
2‌
Newmark
Group
Inc
6,248‌
111‌
RE/MAX
Holdings
Inc
(d)
877‌
7‌
RMR
Group
Inc/The
(e)
63,649‌
964‌
Seaport
Entertainment
Group
Inc
(d),(e)
357‌
7‌
Seritage
Growth
Properties
(d)
168,349‌
555‌
Stratus
Properties
Inc
(d)
319‌
9‌
Transcontinental
Realty
Investors
Inc
(d)
90‌
5‌
$
22,033‌
REITs
-
1
.68
%
Acadia
Realty
Trust
5,571‌
112‌
ACRES
Commercial
Realty
Corp
(d)
257‌
5‌
Adamas
Trust
Inc
3,585‌
29‌
Alexander
&
Baldwin
Inc
3,090‌
64‌
Alpine
Income
Property
Trust
Inc
565‌
10‌
American
Assets
Trust
Inc
72,582‌
1,311‌
American
Healthcare
REIT
Inc
4,609‌
216‌
Angel
Oak
Mortgage
REIT
Inc
428‌
4‌
Apartment
Investment
and
Management
Co
2,564‌
15‌
Apollo
Commercial
Real
Estate
Finance
Inc
96,159‌
1,039‌
Apple
Hospitality
REIT
Inc
9,460‌
110‌
Arbor
Realty
Trust
Inc
8,168‌
63‌
Ares
Commercial
Real
Estate
Corp
204,305‌
1,064‌
Armada
Hoffler
Properties
Inc
3,372‌
24‌
ARMOUR
Residential
REIT
Inc
4,752‌
83‌
Blackstone
Mortgage
Trust
Inc
6,712‌
129‌
Braemar
Hotels
&
Resorts
Inc
2,372‌
6‌
Brandywine
Realty
Trust
7,226‌
20‌
BrightSpire
Capital
Inc
188,443‌
1,127‌
Broadstone
Net
Lease
Inc
8,011‌
148‌
BRT
Apartments
Corp
518‌
8‌
CareTrust
REIT
Inc
8,557‌
320‌
CBL
&
Associates
Properties
Inc
213‌
8‌
Centerspace
703‌
45‌
Chatham
Lodging
Trust
2,147‌
15‌
Chicago
Atlantic
Real
Estate
Finance
Inc
812‌
10‌
Chimera
Investment
Corp
3,403‌
42‌
Claros
Mortgage
Trust
Inc
(d)
286,599‌
785‌
Clipper
Realty
Inc
616‌
2‌
Community
Healthcare
Trust
Inc
1,158‌
20‌
COPT
Defense
Properties
4,810‌
148‌
CTO
Realty
Growth
Inc
1,321‌
24‌
Curbline
Properties
Corp
4,107‌
100‌
DiamondRock
Hospitality
Co
129,576‌
1,190‌
Diversified
Healthcare
Trust
9,305‌
54‌
Douglas
Emmett
Inc
139,751‌
1,476‌
Dynex
Capital
Inc
6,199‌
86‌
Easterly
Government
Properties
Inc
1,786‌
42‌
Ellington
Financial
Inc
4,120‌
53‌
Empire
State
Realty
Trust
Inc
126,189‌
836‌
Essential
Properties
Realty
Trust
Inc
8,390‌
255‌
Farmland
Partners
Inc
1,634‌
19‌
Four
Corners
Property
Trust
Inc
4,468‌
110‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
237
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Franklin
BSP
Realty
Trust
Inc
3,436‌
$
35‌
Franklin
Street
Properties
Corp
3,785‌
3‌
FrontView
REIT
Inc
907‌
15‌
Getty
Realty
Corp
2,277‌
68‌
Gladstone
Commercial
Corp
1,561‌
18‌
Gladstone
Land
Corp
1,584‌
18‌
Global
Medical
REIT
Inc
42,903‌
1,482‌
Global
Net
Lease
Inc
8,370‌
79‌
Granite
Point
Mortgage
Trust
Inc
156,715‌
334‌
Hudson
Pacific
Properties
Inc
(d)
2,252‌
19‌
Independence
Realty
Trust
Inc
10,161‌
170‌
Industrial
Logistics
Properties
Trust
2,349‌
13‌
Innovative
Industrial
Properties
Inc
1,166‌
56‌
InvenTrust
Properties
Corp
3,290‌
97‌
Invesco
Mortgage
Capital
Inc
3,031‌
26‌
JBG
SMITH
Properties
2,522‌
42‌
Kite
Realty
Group
Trust
9,189‌
216‌
KKR
Real
Estate
Finance
Trust
Inc
2,324‌
19‌
Ladder
Capital
Corp
4,821‌
53‌
LTC
Properties
Inc
1,916‌
70‌
Lument
Finance
Trust
Inc
2,186‌
3‌
LXP
Industrial
Trust
2,456‌
122‌
Macerich
Co/The
10,729‌
203‌
MFA
Financial
Inc
4,337‌
42‌
Modiv
Industrial
Inc
448‌
7‌
National
Health
Investors
Inc
1,528‌
126‌
NET
Lease
Office
Properties
680‌
13‌
NETSTREIT
Corp
2,672‌
50‌
NexPoint
Diversified
Real
Estate
Trust
1,709‌
8‌
Nexpoint
Real
Estate
Finance
Inc
366‌
5‌
NexPoint
Residential
Trust
Inc
653‌
20‌
One
Liberty
Properties
Inc
745‌
16‌
Orchid
Island
Capital
Inc
6,469‌
50‌
Park
Hotels
&
Resorts
Inc
164,200‌
1,795‌
Peakstone
Realty
Trust
1,552‌
24‌
Pebblebrook
Hotel
Trust
172,240‌
1,967‌
PennyMac
Mortgage
Investment
Trust
3,681‌
44‌
Phillips
Edison
&
Co
Inc
4,370‌
158‌
Piedmont
Realty
Trust
Inc
5,243‌
44‌
Postal
Realty
Trust
Inc
978‌
18‌
Ready
Capital
Corp
6,704‌
14‌
Redwood
Trust
Inc
5,345‌
29‌
Rithm
Property
Trust
Inc
301‌
5‌
RLJ
Lodging
Trust
5,796‌
43‌
Sabra
Health
Care
REIT
Inc
10,043‌
188‌
Safehold
Inc
2,399‌
34‌
Saul
Centers
Inc
60‌
2‌
Service
Properties
Trust
6,777‌
14‌
Seven
Hills
Realty
Trust
978‌
8‌
Sila
Realty
Trust
Inc
2,346‌
57‌
SITE
Centers
Corp
2,199‌
13‌
SL
Green
Realty
Corp
3,029‌
136‌
Smartstop
Self
Storage
REIT
Inc
1,317‌
41‌
Strawberry
Fields
REIT
Inc
32‌
—‌
Summit
Hotel
Properties
Inc
4,490‌
20‌
Sunrise
Realty
Trust
Inc
486‌
5‌
Sunstone
Hotel
Investors
Inc
7,132‌
63‌
Tanger
Inc
464‌
15‌
Terreno
Realty
Corp
4,315‌
266‌
TPG
Mortgage
Investment
Trust
Inc
1,288‌
11‌
TPG
RE
Finance
Trust
Inc
2,859‌
26‌
Two
Harbors
Investment
Corp
2,151‌
25‌
Universal
Health
Realty
Income
Trust
82‌
3‌
Urban
Edge
Properties
5,370‌
104‌
Veris
Residential
Inc
3,182‌
48‌
Whitestone
REIT
1,923‌
27‌
Xenia
Hotels
&
Resorts
Inc
3,407‌
50‌
$
20,022‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
-
3
.68
%
Academy
Sports
&
Outdoors
Inc
12,110‌
$
666‌
Advance
Auto
Parts
Inc
2,528‌
121‌
American
Eagle
Outfitters
Inc
6,734‌
157‌
America's
Car-Mart
Inc/TX
(d)
333‌
9‌
Arko
Corp
2,958‌
16‌
Asbury
Automotive
Group
Inc
(d)
6,369‌
1,494‌
Barnes
&
Noble
Education
Inc
(d)
771‌
7‌
Bassett
Furniture
Industries
Inc
390‌
6‌
Bath
&
Body
Works
Inc
352,115‌
7,676‌
Biglari
Holdings
Inc
(d)
28‌
11‌
BJ's
Restaurants
Inc
(d)
318‌
13‌
Black
Rock
Coffee
Bar
Inc
(d),(e)
278‌
4‌
Bloomin'
Brands
Inc
147,198‌
883‌
BlueLinx
Holdings
Inc
(d)
321‌
22‌
Buckle
Inc/The
100‌
5‌
Caleres
Inc
1,388‌
17‌
Citi
Trends
Inc
(d)
212‌
9‌
Clean
Energy
Fuels
Corp
(d)
7,071‌
16‌
Cracker
Barrel
Old
Country
Store
Inc
(e)
674‌
20‌
Dave
&
Buster's
Entertainment
Inc
(d)
32,100‌
603‌
Designer
Brands
Inc
1,372‌
9‌
Dine
Brands
Global
Inc
(e)
521‌
18‌
El
Pollo
Loco
Holdings
Inc
(d)
99,690‌
1,010‌
EVgo
Inc
(d),(e)
4,828‌
15‌
FirstCash
Holdings
Inc
65,240‌
11,123‌
Genesco
Inc
(d)
396‌
11‌
Group
1
Automotive
Inc
3,280‌
1,162‌
Haverty
Furniture
Cos
Inc
66,468‌
1,683‌
J
Jill
Inc
350‌
5‌
Jack
in
the
Box
Inc
142‌
3‌
Kohl's
Corp
4,604‌
80‌
Krispy
Kreme
Inc
(e)
3,141‌
10‌
La-Z-Boy
Inc
1,746‌
64‌
MarineMax
Inc
(d)
43,181‌
1,167‌
Movado
Group
Inc
666‌
15‌
MSC
Industrial
Direct
Co
Inc
21,300‌
1,796‌
National
Vision
Holdings
Inc
(d)
3,285‌
87‌
Nu
Skin
Enterprises
Inc
2,032‌
22‌
OneWater
Marine
Inc
(d)
61,402‌
815‌
Papa
John's
International
Inc
1,262‌
44‌
PC
Connection
Inc
7,914‌
465‌
Petco
Health
&
Wellness
Co
Inc
(d)
3,250‌
9‌
PetMed
Express
Inc
(d)
119,863‌
382‌
Portillo's
Inc
(d),(e)
2,743‌
15‌
Sally
Beauty
Holdings
Inc
(d)
4,185‌
64‌
Savers
Value
Village
Inc
(d)
146‌
2‌
Shoe
Carnival
Inc
796‌
15‌
Signet
Jewelers
Ltd
12,567‌
1,159‌
Sonic
Automotive
Inc
19,633‌
1,177‌
Urban
Outfitters
Inc
(d)
1,675‌
119‌
Victoria's
Secret
&
Co
(d)
2,068‌
113‌
Warby
Parker
Inc
(d)
370,210‌
9,444‌
Winmark
Corp
126‌
57‌
Zumiez
Inc
(d)
598‌
15‌
$
43,930‌
Savings
&
Loans
-
1
.55
%
Axos
Financial
Inc
(d)
1,994‌
197‌
Banc
of
California
Inc
110,640‌
2,210‌
Beacon
Financial
Corp
76,471‌
2,168‌
BV
Financial
Inc
(d)
348‌
7‌
Capitol
Federal
Financial
Inc
279,072‌
2,031‌
CF
Bankshares
Inc
184‌
5‌
Citizens
Community
Bancorp
Inc/WI
428‌
8‌
Eagle
Bancorp
Montana
Inc
354‌
8‌
Finward
Bancorp
164‌
6‌
First
Capital
Inc
156‌
9‌
Flushing
Financial
Corp
80,769‌
1,276‌
FS
Bancorp
Inc
284‌
12‌
Greene
County
Bancorp
Inc
135‌
3‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
238
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Savings
&
Loans
(continued)
Hingham
Institution
For
Savings
The
(e)
6,000‌
$
1,791‌
Home
Bancorp
Inc
18,342‌
1,094‌
HomeTrust
Bancshares
Inc
669‌
29‌
Northfield
Bancorp
Inc
82,278‌
1,014‌
Northwest
Bancshares
Inc
6,127‌
79‌
OceanFirst
Financial
Corp
98,382‌
1,844‌
Provident
Financial
Services
Inc
107,285‌
2,376‌
Riverview
Bancorp
Inc
978‌
5‌
Sound
Financial
Bancorp
Inc
(e)
102‌
5‌
Southern
Missouri
Bancorp
Inc
8,836‌
553‌
Timberland
Bancorp
Inc/WA
325‌
13‌
WaFd
Inc
49,175‌
1,604‌
Waterstone
Financial
Inc
675‌
12‌
WSFS
Financial
Corp
2,358‌
153‌
$
18,512‌
Semiconductors
-
1
.04
%
ACM
Research
Inc
(d)
2,126‌
124‌
Aehr
Test
Systems
(d)
239‌
6‌
Aeluma
Inc
(d),(e)
487‌
8‌
Alpha
&
Omega
Semiconductor
Ltd
(d)
1,030‌
23‌
Ambiq
Micro
Inc
(d),(e)
68‌
2‌
Arteris
Inc
(d)
1,123‌
17‌
Axcelis
Technologies
Inc
(d)
1,204‌
106‌
Blaize
Holdings
Inc
(d),(e)
1,570‌
2‌
CEVA
Inc
(d)
134‌
3‌
Cirrus
Logic
Inc
(d)
57,750‌
7,527‌
Cohu
Inc
(d)
1,925‌
55‌
Diodes
Inc
(d)
17,794‌
1,053‌
FormFactor
Inc
(d)
821‌
58‌
Kulicke
&
Soffa
Industries
Inc
891‌
51‌
MaxLinear
Inc
(d)
3,037‌
53‌
Navitas
Semiconductor
Corp
(d)
5,616‌
48‌
Penguin
Solutions
Inc
(d)
2,200‌
42‌
Photronics
Inc
(d)
83,132‌
2,874‌
Richardson
Electronics
Ltd/United
States
579‌
7‌
Synaptics
Inc
(d)
1,495‌
123‌
Ultra
Clean
Holdings
Inc
(d)
1,749‌
76‌
Veeco
Instruments
Inc
(d)
2,502‌
78‌
Vishay
Precision
Group
Inc
(d)
502‌
25‌
$
12,361‌
Shipbuilding
-
1
.01
%
Huntington
Ingalls
Industries
Inc
28,635‌
12,041‌
Software
-
1
.01
%
8x8
Inc
(d)
6,224‌
10‌
ACI
Worldwide
Inc
(d)
26,600‌
1,153‌
Adeia
Inc
117,045‌
2,117‌
Airship
AI
Holdings
Inc
(d),(e)
363‌
1‌
Arrive
AI
Inc
(d),(e)
385‌
1‌
Asure
Software
Inc
(d)
1,215‌
12‌
Bandwidth
Inc
(d)
914‌
13‌
BigBear.ai
Holdings
Inc
(d),(e)
14,031‌
71‌
Blackbaud
Inc
(d)
300‌
16‌
Box
Inc
(d)
1,335‌
34‌
Carlsmed
Inc
(d)
141‌
2‌
CCC
Intelligent
Solutions
Holdings
Inc
(d)
861,715‌
6,532‌
Cerence
Inc
(d)
1,223‌
14‌
Consensus
Cloud
Solutions
Inc
(d)
790‌
17‌
CS
Disco
Inc
(d)
333‌
2‌
CSG
Systems
International
Inc
133‌
11‌
Daily
Journal
Corp
(d),(e)
10‌
6‌
Definitive
Healthcare
Corp
(d)
1,289‌
3‌
Digi
International
Inc
(d)
1,532‌
66‌
Digital
Turbine
Inc
(d)
1,640‌
9‌
Domo
Inc
(d)
260‌
2‌
Donnelley
Financial
Solutions
Inc
(d)
288‌
15‌
eGain
Corp
(d)
215‌
2‌
Evolent
Health
Inc
(d)
3,452‌
11‌
Expensify
Inc
(d)
1,326‌
2‌
Fastly
Inc
(d)
5,871‌
54‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
GigaCloud
Technology
Inc
(d)
1,040‌
$
42‌
Health
Catalyst
Inc
(d)
3,036‌
7‌
HeartFlow
Inc
(d)
414‌
12‌
I3
Verticals
Inc
(d)
917‌
20‌
Immersion
Corp
1,258‌
8‌
McGraw
Hill
Inc
(d),(e)
323‌
5‌
N-able
Inc/US
(d)
3,046‌
18‌
Navan
Inc
(d)
312‌
4‌
Omada
Health
Inc
(d)
165‌
2‌
ON24
Inc
(d)
1,620‌
13‌
Playstudios
Inc
(d)
5,083‌
3‌
Playtika
Holding
Corp
1,935‌
7‌
Porch
Group
Inc
(d)
747‌
6‌
PubMatic
Inc
(d)
1,702‌
12‌
Rackspace
Technology
Inc
(d)
3,548‌
2‌
Silvaco
Group
Inc
(d)
471‌
2‌
Skillsoft
Corp
(d),(e)
254‌
2‌
Teads
Holding
Co
(d)
2,313‌
2‌
Via
Transportation
Inc
(d),(e)
82‌
2‌
Waystar
Holding
Corp
(d)
707‌
19‌
Whitefiber
Inc
(d),(e)
163‌
3‌
Workiva
Inc
(d)
21,400‌
1,648‌
$
12,015‌
Supranational
Bank
-
0
.01
%
Banco
Latinoamericano
de
Comercio
Exterior
SA
1,182‌
57‌
Telecommunications
-
0
.74
%
A10
Networks
Inc
483‌
8‌
Applied
Digital
Corp
(d)
2,409‌
82‌
ATN
International
Inc
444‌
11‌
Aviat
Networks
Inc
(d)
47,114‌
1,027‌
Clearfield
Inc
(d)
288‌
9‌
EchoStar
Corp
(d)
5,725‌
648‌
Harmonic
Inc
(d)
3,542‌
34‌
IDT
Corp
-
Class
B
163‌
8‌
Inseego
Corp
(d),(e)
438‌
5‌
Lumen
Technologies
Inc
(d)
713,957‌
6,297‌
NETGEAR
Inc
(d)
1,155‌
24‌
Powerfleet
Inc
NJ
(d)
5,303‌
27‌
Preformed
Line
Products
Co
96‌
24‌
Ribbon
Communications
Inc
(d)
4,119‌
11‌
Satellogic
Inc
(d),(e)
1,072‌
5‌
Shenandoah
Telecommunications
Co
2,109‌
25‌
Spok
Holdings
Inc
893‌
12‌
Telephone
and
Data
Systems
Inc
4,200‌
190‌
Uniti
Group
Inc
(d)
7,055‌
59‌
Viasat
Inc
(d)
5,216‌
236‌
Vistance
Networks
Inc
(d)
3,502‌
63‌
$
8,805‌
Textiles
-
0
.11
%
UniFirst
Corp/MA
5,879‌
1,264‌
Toys,
Games
&
Hobbies
-
0
.19
%
Funko
Inc
(d)
1,666‌
7‌
JAKKS
Pacific
Inc
58,593‌
1,071‌
Mattel
Inc
(d)
57,700‌
1,205‌
$
2,283‌
Transportation
-
2
.30
%
ArcBest
Corp
953‌
86‌
Ardmore
Shipping
Corp
1,485‌
19‌
Costamare
Bulkers
Holdings
Ltd
(d)
391‌
7‌
Costamare
Inc
1,892‌
32‌
Covenant
Logistics
Group
Inc
505‌
13‌
CryoPort
Inc
(d)
1,583‌
15‌
DHT
Holdings
Inc
5,708‌
82‌
Dorian
LPG
Ltd
1,568‌
46‌
FLEX
LNG
Ltd
(e)
1,132‌
30‌
Forward
Air
Corp
(d)
533‌
15‌
Genco
Shipping
&
Trading
Ltd
1,327‌
28‌
GXO
Logistics
Inc
(d)
89,505‌
5,065‌
Heartland
Express
Inc
186,718‌
1,884‌
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2026
(unaudited)
See
accompanying
notes.
239
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
(continued)
Himalaya
Shipping
Ltd
(d),(e)
1,309‌
$
14‌
Hub
Group
Inc
2,519‌
120‌
International
Seaways
Inc
12,661‌
755‌
Marten
Transport
Ltd
43,326‌
533‌
Matson
Inc
10,932‌
1,752‌
Navigator
Holdings
Ltd
1,327‌
25‌
Nordic
American
Tankers
Ltd
8,587‌
36‌
PAMT
CORP
(d)
201‌
2‌
Pangaea
Logistics
Solutions
Ltd
1,337‌
11‌
Proficient
Auto
Logistics
Inc
(d)
1,111‌
11‌
Radiant
Logistics
Inc
(d)
1,487‌
10‌
RXO
Inc
(d)
209,286‌
3,051‌
Safe
Bulkers
Inc
2,325‌
13‌
Schneider
National
Inc
204,035‌
5,476‌
Scorpio
Tankers
Inc
1,902‌
121‌
SFL
Corp
Ltd
5,122‌
45‌
Teekay
Corp
Ltd
2,250‌
23‌
Teekay
Tankers
Ltd
1,007‌
65‌
Universal
Logistics
Holdings
Inc
323‌
5‌
Werner
Enterprises
Inc
171,659‌
5,880‌
World
Kinect
Corp
79,146‌
2,130‌
$
27,400‌
Trucking
&
Leasing
-
1
.26
%
GATX
Corp
73,473‌
13,366‌
Greenbrier
Cos
Inc/The
33,417‌
1,685‌
Willis
Lease
Finance
Corp
106‌
19‌
$
15,070‌
Water
-
0
.23
%
American
States
Water
Co
557‌
41‌
Artesian
Resources
Corp
15,200‌
507‌
California
Water
Service
Group
2,519‌
113‌
Consolidated
Water
Co
Ltd
423‌
16‌
Global
Water
Resources
Inc
140‌
1‌
H2O
America
38,864‌
2,022‌
Middlesex
Water
Co
640‌
33‌
York
Water
Co/The
495‌
17‌
$
2,750‌
TOTAL
COMMON
STOCKS
$
1,124,920‌
Total
Investments
$
1,201,398‌
Other
Assets
and
Liabilities
-  (0.75)%
(
8,995‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,192,403‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,705
or
0.48%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,399
or
0.45%
of
net
assets.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Affiliated
Securities
October
31,
2025
Purchases
Sales
January
31,
2026
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
52,211‌
$
291,591‌
$
299,815‌
$
43,987‌
$
52,211‌
$
291,591‌
$
299,815‌
$
43,987‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
3.59%
$
288‌
$
—‌
$
—‌
$
—‌
$
288‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Russell
2000
Emini;
March
2026
Long
32‌
$
4,199‌
$
(
73‌
)
Total
$
(
73‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
240
INVESTMENT
COMPANIES
-
0.46%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.46%
iShares
National
Muni
Bond
ETF
5,528‌
$
596‌
iShares
Short-Term
National
Muni
Bond
ETF
374‌
40‌
JPMorgan
Ultra-Short
Municipal
Income
ETF
99‌
5‌
State
Street
SPDR
Nuveen
ICE
High
Yield
Municipal
Bond
ETF
30,004‌
753‌
VanEck
High
Yield
Muni
ETF
18,363‌
939‌
$
2,333‌
TOTAL
INVESTMENT
COMPANIES
$
2,333‌
COMMON
STOCKS
-
0.00%
Shares
Held
Value
(000's)
Transportation
-
0.00%
BL
Train
Holdings
West
LLC
-
Warrants
(a),(b)
45,054‌
$
—‌
TOTAL
COMMON
STOCKS
$
—‌
MUNICIPAL
BONDS
-
105.22%
Principal
Amount
(000's)
Value
(000's)
Alabama
-
4.67%
Energy
Southeast
A
Cooperative
District
5.25%,
07/01/2054
(c)
$
3,220‌
$
3,494‌
Lower
Alabama
Gas
District/The
5.00%,
09/01/2034
5,000‌
5,435‌
5.00%,
09/01/2046
3,445‌
3,637‌
Phenix
City
Industrial
Development
Board
4.13%,
05/15/2035
3,000‌
3,000‌
Southeast
Energy
Authority
A
Cooperative
District
5.00%,
01/01/2056
(c)
5,000‌
5,205‌
Tuscaloosa
County
Industrial
Development
Authority
5.25%,
05/01/2044
(d)
2,997‌
3,015‌
$
23,786‌
Arizona
-
1.84%
Arizona
Board
of
Regents
2.35%,
07/01/2034
(c)
585‌
585‌
Arizona
Industrial
Development
Authority
5.13%,
01/01/2059
575‌
532‌
Maricopa
County
Industrial
Development
Authority
4.00%,
01/01/2041
6,300‌
6,240‌
Navajo
Nation
5.50%,
12/01/2030
(d)
1,990‌
1,993‌
$
9,350‌
Arkansas
-
0.20%
Arkansas
Development
Finance
Authority
5.45%,
09/01/2052
1,000‌
1,003‌
California
-
14.07%
California
Community
Choice
Financing
Authority
5.00%,
07/01/2053
(c)
5,000‌
5,288‌
California
Educational
Facilities
Authority
5.00%,
04/01/2051
3,000‌
3,369‌
California
Health
Facilities
Financing
Authority
2.75%,
09/01/2038
(c)
470‌
470‌
California
Housing
Finance
Agency
(credit
support
from
Federal
Home
Loan
Mortgage
Corporation
Collateral
)
3.75%,
03/25/2035
(e)
6,782‌
6,941‌
California
Infrastructure
&
Economic
Development
Bank
12.00%,
01/01/2065
(c),(d)
5,410‌
4,058‌
California
Municipal
Finance
Authority
4.00%,
07/15/2029
2,050‌
2,068‌
California
Municipal
Finance
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
5.00%,
05/15/2031
(e)
2,240‌
2,383‌
California
Public
Finance
Authority
6.50%,
06/01/2054
(d)
8,000‌
7,828‌
California
State
Public
Works
Board
5.00%,
02/01/2032
2,500‌
2,893‌
California
Statewide
Communities
Development
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
05/15/2031
(e)
2,000‌
2,215‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
Chino
Valley
Unified
School
District
5.00%,
08/01/2055
(f)
$
2,430‌
$
2,501‌
City
of
Long
Beach
CA
Airport
System
Revenue
(credit
support
from
Assured
Guaranty
)
5.25%,
06/01/2047
(e)
1,650‌
1,703‌
City
of
Los
Angeles
Department
of
Airports
5.00%,
05/15/2029
1,250‌
1,345‌
5.00%,
05/15/2037
(f)
3,824‌
4,169‌
5.00%,
05/15/2044
(f)
5,150‌
5,205‌
Los
Angeles
Department
of
Water
&
Power
Water
System
Revenue
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
07/01/2046
(e)
6,650‌
7,087‌
Sacramento
Area
Flood
Control
Agency
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
10/01/2039
(e)
1,340‌
1,342‌
San
Diego
Unified
School
District/CA
0.00%,
07/01/2032
(a)
5,000‌
4,211‌
San
Francisco
City
&
County
Airport
Comm-San
Francisco
International
Airport
5.00%,
05/01/2040
1,500‌
1,567‌
Tender
Option
Bond
Trust
Receipts/Certificates
2.90%,
02/01/2039
(c),(d)
500‌
500‌
2.95%,
05/01/2028
(c),(d)
500‌
500‌
Tender
Option
Bond
Trust
Receipts/
Certificates
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
2.38%,
07/01/2046
(c),(d),(e)
4,000‌
4,000‌
$
71,643‌
Colorado
-
1.37%
Rib
Floater
Trust
Various
States
2.53%,
12/15/2042
(c),(d)
3,655‌
3,655‌
Southern
Ute
Indian
Tribe
of
the
Southern
Ute
Reservation
of
Colorado
5.00%,
04/01/2035
(d)
3,000‌
3,318‌
$
6,973‌
Connecticut
-
1.23%
Connecticut
State
Health
&
Educational
Facilities
Authority
5.00%,
07/01/2064
(c)
2,000‌
2,356‌
Mohegan
Tribal
Finance
Authority
7.00%,
02/01/2045
(d)
3,900‌
3,933‌
$
6,289‌
District
of
Columbia
-
0.45%
District
of
Columbia
5.00%,
04/01/2060
(c)
2,000‌
2,284‌
Florida
-
7.02%
City
of
Lakeland
FL
Department
of
Electric
Utilities
5.25%,
10/01/2036
5,010‌
5,809‌
Collier
County
Health
Facilities
Authority
5.00%,
05/01/2043
3,050‌
3,072‌
Collier
County
Industrial
Development
Authority
(credit
support
from
Assured
Guaranty
)
5.00%,
10/01/2049
(e)
1,500‌
1,536‌
County
of
Miami-Dade
FL
Aviation
Revenue
5.00%,
10/01/2049
(f)
7,000‌
7,019‌
County
of
Miami-Dade
FL
Water
&
Sewer
System
Revenue
5.00%,
10/01/2055
2,400‌
2,469‌
Florida
Development
Finance
Corp
6.13%,
07/01/2032
(c),(d)
4,000‌
4,012‌
Florida
Development
Finance
Corp
(credit
support
from
Assured
Guaranty
)
5.25%,
07/01/2047
(e)
3,555‌
3,503‌
Greater
Orlando
Aviation
Authority
5.25%,
10/01/2049
(f)
3,000‌
3,124‌
5.50%,
11/01/2036
3,425‌
3,717‌
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
241
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Florida
(continued)
Palm
Beach
County
Health
Facilities
Authority
7.50%,
05/15/2053
$
1,000‌
$
1,108‌
Tender
Option
Bond
Trust
Receipts/Certificates
3.45%,
10/01/2032
(c),(d)
400‌
400‌
$
35,769‌
Georgia
-
5.97%
Atlanta
Development
Authority/The
5.00%,
04/01/2034
(d)
5,650‌
5,812‌
5.50%,
04/01/2039
(d)
2,500‌
2,591‌
City
of
Atlanta
GA
Airport
Passenger
Facility
Charge
5.00%,
07/01/2032
9,235‌
10,399‌
Development
Authority
of
Burke
County/The
3.25%,
07/01/2049
(c)
200‌
200‌
George
L
Smith
II
Congress
Center
Authority
5.00%,
01/01/2036
(d)
1,752‌
1,806‌
Georgia
Ports
Authority
5.00%,
07/01/2047
1,000‌
1,044‌
5.25%,
07/01/2043
3,585‌
3,919‌
Main
Street
Natural
Gas
Inc
5.00%,
12/01/2055
(c)
4,300‌
4,620‌
$
30,391‌
Idaho
-
0.04%
Idaho
Health
Facilities
Authority
3.20%,
03/01/2048
(c)
200‌
200‌
Illinois
-
8.06%
City
of
Chicago
IL
6.00%,
01/01/2050
4,500‌
4,709‌
6.00%,
01/01/2050
1,000‌
1,051‌
6.00%,
01/01/2055
1,500‌
1,567‌
7.46%,
02/15/2026
346‌
173‌
County
of
Cook
IL
Sales
Tax
Revenue
5.25%,
11/15/2035
1,500‌
1,561‌
Illinois
State
Toll
Highway
Authority
4.00%,
01/01/2046
410‌
372‌
5.00%,
12/01/2031
5,200‌
5,211‌
5.00%,
01/01/2040
(f)
2,000‌
2,002‌
5.00%,
01/01/2047
(f)
1,400‌
1,482‌
5.25%,
01/01/2043
(f)
2,340‌
2,561‌
Metropolitan
Pier
&
Exposition
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
4.00%,
12/15/2042
(e)
5,000‌
4,974‌
Metropolitan
Pier
&
Exposition
Authority
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
5.50%,
06/15/2029
(e)
1,615‌
1,697‌
Sales
Tax
Securitization
Corp
5.00%,
01/01/2036
2,700‌
2,863‌
5.00%,
01/01/2040
3,000‌
3,062‌
State
of
Illinois
5.50%,
10/01/2044
6,855‌
7,318‌
United
City
of
Yorkville
IL
5.75%,
03/01/2028
300‌
300‌
Village
of
Gilberts
IL
Special
Service
Area
No
24
5.38%,
03/01/2034
124‌
121‌
$
41,024‌
Indiana
-
0.14%
City
of
Whiting
IN
3.00%,
11/01/2051
1,000‌
728‌
Iowa
-
0.11%
Iowa
Finance
Authority
7.50%,
05/15/2053
500‌
554‌
Kentucky
-
3.30%
County
of
Trimble
KY
1.30%,
09/01/2044
(c)
1,000‌
958‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Kentucky
(continued)
Kentucky
Public
Energy
Authority
5.00%,
12/01/2033
$
5,000‌
$
5,241‌
5.00%,
01/01/2055
(c)
3,000‌
3,232‌
Kentucky
Turnpike
Authority
5.00%,
07/01/2031
6,550‌
7,383‌
$
16,814‌
Louisiana
-
1.17%
Louisiana
Local
Government
Environmental
Facilities
&
Community
Development
Authority
4.40%,
11/01/2044
(d)
1,500‌
1,470‌
5.50%,
11/01/2039
(d)
1,325‌
1,380‌
Louisiana
Public
Facilities
Authority
0.00%,
07/01/2039
(a)
417‌
—‌
0.00%,
07/01/2039
(a)
659‌
—‌
Parish
of
St
James
LA
6.10%,
12/01/2040
(c),(d)
1,000‌
1,109‌
Parish
of
St
John
the
Baptist
LA
3.30%,
06/01/2037
(c)
2,000‌
2,024‌
$
5,983‌
Maryland
-
0.71%
Maryland
Economic
Development
Corp
5.00%,
07/01/2048
(c),(d)
3,000‌
3,208‌
Tender
Option
Bond
Trust
Receipts/Certificates
3.42%,
07/01/2032
(c),(d)
400‌
400‌
$
3,608‌
Massachusetts
-
3.92%
Massachusetts
Development
Finance
Agency
5.00%,
07/15/2040
10,770‌
12,889‌
5.00%,
07/01/2050
1,000‌
1,115‌
5.00%,
05/15/2055
(c)
5,000‌
5,948‌
$
19,952‌
Michigan
-
1.66%
City
of
Detroit
MI
5.00%,
04/01/2050
1,000‌
1,005‌
5.50%,
04/01/2050
1,000‌
1,026‌
Detroit
City
School
District
(credit
support
from
Qualified
School
Bond
Loan
Fund
)
5.00%,
05/01/2038
(e)
2,000‌
2,136‌
Kentwood
Economic
Development
Corp
5.00%,
11/15/2041
1,000‌
1,012‌
Michigan
Finance
Authority
4.00%,
02/15/2044
3,500‌
3,257‌
$
8,436‌
Minnesota
-
1.01%
State
of
Minnesota
4.00%,
08/01/2041
5,000‌
5,133‌
Mississippi
-
0.09%
Mississippi
Business
Finance
Corp
3.40%,
12/01/2030
(c)
470‌
470‌
Missouri
-
0.22%
City
of
St
Louis
MO
Airport
Revenue
5.00%,
07/01/2044
1,100‌
1,124‌
Montana
-
0.55%
Montana
Board
of
Housing
(credit
support
from
Federal
Housing
Administration,
Guaranteed
by
the
Department
of
Veterans
Affairs
and
HUD
)
4.00%,
06/01/2045
(e)
805‌
778‌
Montana
Facility
Finance
Authority
4.13%,
07/01/2038
2,000‌
2,020‌
$
2,798‌
Nevada
-
2.91%
Las
Vegas
Convention
&
Visitors
Authority
5.00%,
07/01/2043
(f)
8,950‌
9,198‌
5.25%,
07/01/2049
(f)
5,400‌
5,636‌
$
14,834‌
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
242
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
New
Hampshire
-
0.42%
New
Hampshire
Business
Finance
Authority
3.75%,
07/01/2045
(c),(d)
$
1,000‌
$
833‌
4.13%,
01/20/2034
381‌
391‌
4.88%,
11/01/2042
(d)
1,000‌
922‌
$
2,146‌
New
Jersey
-
4.68%
Casino
Reinvestment
Development
Authority
Inc
(credit
support
from
Assured
Guaranty
)
5.00%,
11/01/2042
(e)
1,000‌
1,073‌
New
Jersey
Economic
Development
Authority
5.75%,
04/01/2031
1,005‌
1,020‌
New
Jersey
Turnpike
Authority
5.25%,
01/01/2049
1,000‌
1,064‌
South
Jersey
Port
Corp
5.00%,
01/01/2042
5,000‌
5,070‌
State
of
New
Jersey
4.00%,
06/01/2031
5,000‌
5,413‌
Tobacco
Settlement
Financing
Corp
4.00%,
06/01/2037
5,195‌
5,196‌
5.25%,
06/01/2046
5,000‌
4,979‌
$
23,815‌
New
Mexico
-
0.10%
City
of
Farmington
NM
2.15%,
04/01/2033
600‌
532‌
New
York
-
12.06%
City
of
New
York
NY
3.20%,
04/01/2042
(c)
3,400‌
3,400‌
Metropolitan
Transportation
Authority
4.00%,
11/15/2044
735‌
688‌
5.00%,
11/15/2032
1,000‌
1,100‌
5.00%,
11/15/2045
3,025‌
3,111‌
New
York
City
Municipal
Water
Finance
Authority
5.25%,
06/15/2046
2,000‌
2,134‌
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue
5.25%,
11/01/2038
2,835‌
3,178‌
5.50%,
05/01/2042
3,050‌
3,427‌
New
York
Energy
Finance
Development
Corp
5.00%,
07/01/2056
(c)
2,050‌
2,185‌
New
York
State
Dormitory
Authority
4.00%,
09/01/2045
1,500‌
1,295‌
5.00%,
10/01/2038
1,000‌
1,039‌
5.00%,
10/01/2048
(f)
2,000‌
2,206‌
5.00%,
10/01/2050
(f)
5,500‌
6,048‌
5.25%,
03/15/2049
1,000‌
1,054‌
New
York
State
Dormitory
Authority
(credit
support
from
Assured
Guaranty
)
5.25%,
10/01/2043
(e)
1,000‌
1,071‌
5.50%,
10/01/2054
(e)
3,000‌
3,187‌
New
York
Transportation
Development
Corp
4.00%,
10/31/2041
1,000‌
964‌
5.00%,
01/01/2032
5,000‌
5,171‌
5.00%,
01/01/2034
3,200‌
3,300‌
5.00%,
10/01/2040
2,000‌
2,059‌
5.00%,
07/01/2046
3,500‌
3,500‌
5.63%,
04/01/2040
1,000‌
1,062‌
6.00%,
06/30/2059
1,500‌
1,583‌
New
York
Transportation
Development
Corp
(credit
support
from
Assured
Guaranty
)
6.00%,
06/30/2050
(e)
4,000‌
4,341‌
Oneida
Indian
Nation
of
New
York
6.00%,
09/01/2043
(d)
1,900‌
2,053‌
Tompkins
County
Development
Corp
0.00%,
07/01/2027
(a)
115‌
23‌
Westchester
County
Local
Development
Corp
(credit
support
from
Assured
Guaranty
)
5.75%,
11/01/2048
(e)
2,075‌
2,242‌
$
61,421‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
North
Carolina
-
0.46%
Charlotte-Mecklenburg
Hospital
Authority/The
3.20%,
01/15/2038
(c)
$
720‌
$
720‌
Raleigh
Durham
Airport
Authority
5.00%,
05/01/2033
1,500‌
1,616‌
$
2,336‌
Ohio
-
3.82%
Buckeye
Tobacco
Settlement
Financing
Authority
4.00%,
06/01/2037
1,125‌
1,125‌
4.00%,
06/01/2039
1,850‌
1,803‌
5.00%,
06/01/2055
5,000‌
4,112‌
County
of
Cuyahoga
OH
5.00%,
12/01/2049
2,655‌
2,750‌
County
of
Hamilton
OH
5.00%,
01/01/2036
1,435‌
1,436‌
Ohio
Air
Quality
Development
Authority
4.25%,
01/15/2038
(d)
1,000‌
1,004‌
4.50%,
01/15/2048
(d)
850‌
794‌
Ohio
State
University/The
5.00%,
12/01/2033
5,000‌
5,810‌
Tender
Option
Bond
Trust
Receipts/Certificates
3.30%,
06/01/2031
(c),(d)
600‌
600‌
$
19,434‌
Oklahoma
-
0.57%
Tulsa
Municipal
Airport
Trust
Trustees/OK
6.25%,
12/01/2035
2,500‌
2,902‌
Oregon
-
1.11%
State
of
Oregon
Department
of
Transportation
5.00%,
11/15/2034
4,750‌
5,638‌
Other
Territory
-
0.03%
Nuveen
AMT-Free
Municipal
Credit
Income
Fund
2.73%,
03/01/2029
(c)
150‌
150‌
Pennsylvania
-
3.21%
Allegheny
County
Industrial
Development
Authority
5.13%,
05/01/2030
1,630‌
1,728‌
City
of
Philadelphia
PA
5.00%,
02/01/2037
2,000‌
2,129‌
General
Authority
of
Southcentral
Pennsylvania
(credit
support
from
Assured
Guaranty
)
4.00%,
06/01/2049
(e)
3,400‌
3,101‌
Lancaster
Industrial
Development
Authority
4.00%,
07/01/2051
1,000‌
823‌
Pennsylvania
Economic
Development
Financing
Authority
5.50%,
06/30/2043
4,100‌
4,353‌
Pennsylvania
Turnpike
Commission
5.00%,
12/01/2029
2,000‌
2,183‌
Philadelphia
Authority
for
Industrial
Development
4.00%,
07/01/2049
1,050‌
966‌
Philadelphia
Gas
Works
Co
(credit
support
from
Assured
Guaranty
)
5.25%,
08/01/2054
(e)
1,000‌
1,047‌
$
16,330‌
Puerto
Rico
-
0.73%
Commonwealth
of
Puerto
Rico
0.00%,
07/01/2033
(a)
428‌
313‌
0.00%,
11/01/2043
(a),(c)
1,278‌
838‌
4.00%,
07/01/2033
183‌
185‌
4.00%,
07/01/2037
257‌
252‌
4.00%,
07/01/2046
363‌
323‌
5.75%,
07/01/2031
1‌
1‌
Puerto
Rico
Sales
Tax
Financing
Corp
Sales
Tax
Revenue
5.00%,
07/01/2058
1,850‌
1,811‌
$
3,723‌
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2026
(unaudited)
See
accompanying
notes.
243
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Rhode
Island
-
0.02%
Rhode
Island
Health
and
Educational
Building
Corp
3.43%,
06/01/2035
(c)
$
100‌
$
100‌
South
Carolina
-
1.38%
City
of
North
Charleston
SC
2.43%,
09/01/2037
(c)
100‌
100‌
South
Carolina
Jobs-Economic
Development
Authority
0.00%,
06/01/2031
(a),(d)
1,000‌
110‌
0.00%,
06/01/2051
(a),(d)
4,500‌
495‌
5.25%,
11/15/2047
1,830‌
1,807‌
5.25%,
11/15/2052
1,500‌
1,447‌
South
Carolina
Public
Service
Authority
5.25%,
12/01/2050
2,930‌
3,064‌
$
7,023‌
Texas
-
8.48%
Central
Texas
Regional
Mobility
Authority
5.00%,
01/01/2048
2,740‌
2,766‌
City
of
Galveston
TX
Wharves
&
Terminal
Revenue
5.50%,
08/01/2041
1,800‌
1,943‌
City
of
Houston
TX
Airport
System
Revenue
5.50%,
07/15/2037
2,000‌
2,161‌
5.50%,
07/15/2038
1,665‌
1,790‌
Lower
Colorado
River
Authority
(credit
support
from
Assured
Guaranty
)
5.00%,
05/15/2044
(e)
4,055‌
4,337‌
Mission
Economic
Development
Corp
5.00%,
12/01/2064
(c)
2,500‌
2,594‌
Permanent
University
Fund
-
University
of
Texas
System
5.00%,
07/01/2036
6,305‌
7,530‌
Port
of
Beaumont
Navigation
District
3.63%,
01/01/2035
(d)
4,335‌
4,106‌
Port
of
Port
Arthur
Navigation
District
3.25%,
04/01/2040
(c)
1,500‌
1,500‌
Tarrant
County
Cultural
Education
Facilities
Finance
Corp
4.13%,
12/01/2054
1,000‌
904‌
5.00%,
11/15/2037
2,060‌
2,074‌
5.00%,
12/01/2044
2,000‌
2,126‌
Tender
Option
Bond
Trust
Receipts/Certificates
3.30%,
03/01/2033
(c),(d)
540‌
540‌
Tender
Option
Bond
Trust
Receipts/
Certificates
(credit
support
from
Assured
Guaranty
)
2.40%,
07/01/2031
(c),(d),(e)
4,260‌
4,260‌
Texas
Municipal
Gas
Acquisition
&
Supply
Corp
V
5.00%,
01/01/2055
(c)
4,225‌
4,571‌
$
43,202‌
Utah
-
3.26%
City
of
Salt
Lake
City
UT
Airport
Revenue
5.00%,
07/01/2040
(f)
2,040‌
2,242‌
5.25%,
07/01/2042
(f)
2,040‌
2,242‌
5.50%,
07/01/2050
(f)
1,360‌
1,436‌
5.50%,
07/01/2055
(f)
1,360‌
1,427‌
Mida
Mountain
Village
Public
Infrastructure
District
6.00%,
06/15/2054
(d)
2,000‌
2,048‌
Utah
Infrastructure
Agency
5.00%,
10/15/2032
4,385‌
4,484‌
5.00%,
10/15/2037
1,500‌
1,520‌
5.38%,
10/15/2040
1,200‌
1,218‌
$
16,617‌
Virginia
-
2.20%
County
of
Fairfax
VA
(credit
support
from
State
Aid
Withholding
)
4.00%,
10/01/2039
(e)
5,000‌
5,164‌
Fairfax
County
Redevelopment
&
Housing
Authority
5.00%,
10/01/2039
3,000‌
3,132‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Virginia
(continued)
Virginia
Small
Business
Financing
Authority
3.00%,
01/01/2041
$
3,480‌
$
2,903‌
$
11,199‌
Washington
-
1.13%
Port
of
Seattle
WA
5.00%,
08/01/2030
5,250‌
5,748‌
Wisconsin
-
0.85%
Appleton
Redevelopment
Authority
2.65%,
06/01/2036
(c)
1,100‌
1,100‌
Public
Finance
Authority
5.00%,
10/01/2043
(d)
1,500‌
1,502‌
5.75%,
06/30/2060
600‌
621‌
6.50%,
06/30/2060
1,000‌
1,104‌
$
4,327‌
TOTAL
MUNICIPAL
BONDS
$
535,789‌
Total
Investments
$
538,122‌
Liability
for
Floating
Rate
Notes
Issued
in
Conjunction
with
Securities
Held
-
(6.63)%
Notes
with
interest
rates
of
2.29%
-
2.40%
at
January
31,
2026
and
contractual
maturities
of
collateral
from
2026-2049.
(g)
$
(33,745‌)
(33,745‌)
Total
Net
Investments
$
504,377‌
Other
Assets
and
Liabilities
-  0.95%
4,817‌
TOTAL
NET
ASSETS
-
100.00%
$
509,194‌
(a)
Non-income
producing
security
(b)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(c)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$74,255
or
14.58%
of
net
assets.
(e)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(f)
Security
or
portion
of
underlying
security
related
to
Inverse
Floaters
entered
into
by
the
fund.
(g)
Floating
rate
securities.
The
interest
rate(s)
shown
reflect
the
rates
in
effect
at
January
31,
2026.
Glossary
to
the
Schedule
of
Investments
January
31,
2026
(unaudited)
See
accompanying
notes.
244
Currency
Abbreviations
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
CNH
Chinese
Renminbi
COP
Colombian
Peso
CZK
Czech
Koruna
EGP
Egyptian
Pound
EUR
Euro
GBP
British
Pound
Sterling
HKD
Hong
Kong
Dollar
HUF
Hungarian
Forint
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
PEN
Peruvian
Nuevo
Sol
PLN
Polish
Zloty
RON
Romanian
New
Leu
TRY
Turkish
Lira
USD/$
United
States
Dollar
ZAR
South
African
Rand
January
31,
2026
(unaudited)
245
Security
Valuation.
Principal
LifeTime
2015
Fund,
Principal
LifeTime
2020
Fund,
Principal
LifeTime
2025
Fund,
Principal
LifeTime
2030
Fund,
Principal
LifeTime
2035
Fund,
Principal
LifeTime
2040
Fund,
Principal
LifeTime
2045
Fund,
Principal
LifeTime
2050
Fund,
Principal
LifeTime
2055
Fund,
Principal
LifeTime
2060
Fund,
Principal
LifeTime
2065
Fund,
Principal
LifeTime
2070
Fund,
and
Principal
LifeTime
Strategic
Income
Fund
(collectively,
the
“Principal
LifeTime
Funds”),
Principal
LifeTime
Hybrid
2015
Fund,
Principal
LifeTime
Hybrid
2020
Fund,
Principal
LifeTime
Hybrid
2025
Fund,
Principal
LifeTime
Hybrid
2030
Fund,
Principal
LifeTime
Hybrid
2035
Fund,
Principal
LifeTime
Hybrid
2040
Fund,
Principal
LifeTime
Hybrid
2045
Fund,
Principal
LifeTime
Hybrid
2050
Fund,
Principal
LifeTime
Hybrid
2055
Fund,
Principal
LifeTime
Hybrid
2060
Fund,
Principal
LifeTime
Hybrid
2065
Fund,
Principal
LifeTime
Hybrid
2070
Fund,
and
Principal
LifeTime
Hybrid
Income
Fund
(collectively,
the
“Principal
LifeTime
Hybrid
Funds”),
along
with
the
SAM
Balanced,
SAM
Conservative
Balanced
Portfolio,
SAM
Conservative
Growth
Portfolio,
SAM
Flexible
Income
Portfolio,
and
SAM
Strategic
Growth
Portfolio
(collectively,
the
“SAM
Portfolios”)
invest
in
R-6
and
Institutional
shares
of
other
series
of
Principal
Funds,
Inc.
which
are
valued
at
the
closing
net
asset
value
per
share
of
each
respective
fund
on
the
day
of
valuation.
In
addition,
the
SAM
Portfolios
invest
in
Principal
Exchange-Traded
Funds,
which
are
valued
at
fair
value.
The
SAM
Portfolios
also
invest
in
other
publicly
traded
investment
funds.
Other
publicly
traded
investment
funds
are
valued
at
the
respective
fund’s
net
asset
value.
The
shares
of
the
other
series
of
Principal
Funds,
Inc.,
Principal
Exchange-Traded
Funds
and
other
publicly
traded
investment
funds
are
referred
to
as
the
“Underlying
Funds”.
California
Municipal
Fund,
Core
Fixed
Income
Fund,
Core
Plus
Bond
Fund,
Diversified
Income
Fund,
Diversified
International
Fund,
Equity
Income
Fund,
Finisterre
Emerging
Markets
Total
Return
Bond
Fund,
Global
Emerging
Markets
Fund,
Global
Real
Estate
Securities
Fund,
Government
&
High
Quality
Bond
Fund,High
Yield
Fund,
Inflation
Protection
Fund,
International
Equity
Fund,
LargeCap
Growth
Fund
I,
LargeCap
S&P
500
Index
Fund,
LargeCap
Value
Fund
III,
MidCap
Fund,
MidCap
S&P
400
Index
Fund,
MidCap
Value
Fund
I,
Overseas
Fund,
Principal
Capital
Appreciation
Fund,
Real
Estate
Securities
Fund,
Short-Term
Income
Fund,
SmallCap
Fund,
SmallCap
Growth
Fund
I,
SmallCap
S&P
600
Index
Fund,
SmallCap
Value
Fund
II
and
Tax-Exempt
Bond
Fund
(known
as
the
"Funds")
(with
the
exception
of
Principal
LifeTime
Funds,
Principal
LifeTime
Hybrid
Funds,
and
the
SAM
Portfolios)
value
securities
for
which
market
quotations
are
readily
available
at
fair
value,
which
is
determined
using
the
last
reported
sale
price.
If
no
sales
are
reported,
as
is
regularly
the
case
for
some
securities
traded
over-the-counter,
securities
are
valued
using
the
last
reported
bid
price
or
an
evaluated
bid
price
provided
by
a
pricing
service.
Pricing
services
use
modeling
techniques
that
incorporate
security
characteristics
such
as
current
quotations
by
broker/dealers,
coupon,
maturity,
quality,
type
of
issue,
trading
characteristics,
other
yield
and
risk
factors,
and
other
market
conditions
to
determine
an
evaluated
bid
price
or,
in
the
case
of
certain
credit
default
swaps,
a
mean
price
provided
by
a
pricing
service.
When
reliable
market
quotations
are
not
considered
to
be
readily
available,
which
may
be
the
case,
for
example,
with
respect
to
restricted
securities,
certain
debt
securities,
preferred
stocks,
and
foreign
securities,
the
investments
are
valued
at
their
fair
value
as
determined
in
good
faith
by
the
Manager
under
procedures
established
and
periodically
reviewed
by
the
Fund’s
Board
of
Directors.
The
value
of
foreign
securities
used
in
computing
the
net
asset
value
per
share
is
generally
determined
as
of
the
close
of
the
foreign
exchange
where
the
security
is
principally
traded.
Events
that
occur
after
the
close
of
the
applicable
foreign
market
or
exchange
but
prior
to
the
calculation
of
the
Funds’
net
asset
values
are
reflected
in
the
Funds’
net
asset
values
and
these
securities
are
valued
at
fair
value.
Many
factors,
provided
by
independent
pricing
services,
are
reviewed
in
the
course
of
making
a
good
faith
determination
of
a
security’s
fair
value,
including,
but
not
limited
to,
price
movements
in
ADRs,
futures
contracts,
industry
indices,
general
indices,
and
foreign
currencies.
To
the
extent
the
Funds
invest
in
foreign
securities
listed
on
foreign
exchanges
which
trade
on
days
on
which
the
Funds
do
not
determine
net
asset
values,
for
example
weekends
and
other
customary
national
U.S.
holidays,
the
Funds’
net
asset
values
could
be
significantly
affected
on
days
when
shareholders
cannot
purchase
or
redeem
shares.
Certain
securities
issued
by
companies
in
emerging
market
countries
may
have
more
than
one
quoted
valuation
at
any
given
point
in
time,
sometimes
referred
to
as
a
“local”
price
and
a
“premium”
price.
The
premium
price
is
often
a
negotiated
price,
which
may
not
consistently
represent
a
price
at
which
a
specific
transaction
can
be
effected.
It
is
the
policy
of
the
Funds
to
value
such
securities
at
prices
at
which
it
is
expected
those
shares
may
be
sold,
and
the
Manager
or
any
sub-advisor
is
authorized
to
make
such
determinations
subject
to
such
oversight
by
the
Fund’s
Board
of
Directors
as
may
occasionally
be
necessary.
Fair
value
is
defined
as
the
price
that
the
Funds
would
receive
upon
selling
a
security
or
transferring
a
liability
in
a
timely
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
of
the
security
at
the
measurement
date.
In
determining
fair
value,
the
Funds
may
use
one
or
more
of
the
following
approaches:
market,
income
and/or
cost.
A
hierarchy
for
inputs
is
used
in
measuring
fair
value
that
maximizes
the
use
of
observable
inputs
and
minimizes
the
use
of
unobservable
inputs
by
requiring
that
the
most
observable
inputs
be
used
when
available.
Observable
inputs
are
inputs
that
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
market
data
obtained
from
sources
independent
of
the
Funds.
Unobservable
inputs
are
inputs
that
reflect
the
Fund’s
own
estimates
about
the
estimates
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
the
best
information
available
in
the
circumstances.
January
31,
2026
(unaudited)
246
The
three-tier
hierarchy
of
inputs
is
summarized
in
the
three
broad
levels
listed
below.
Level
1
–
Quoted
prices
are
available
in
active
markets
for
identical
securities
as
of
the
reporting
date.
Investments
which
are
generally
included
in
this
category
include
listed
equities
and
exchange-traded
derivatives.
Level
2
–
Other
significant
observable
inputs
(including
quoted
prices
for
similar
investments,
interest
rates,
prepayment
speeds,
credit
risk,
etc.).
Investments
which
are
generally
included
in
this
category
include
certain
foreign
equities,
corporate
bonds,
municipal
bonds,
OTC
derivatives,
exchange
cleared
derivatives,
senior
floating
rate
interests,
repurchase
agreements,
and
US
Government
and
Government
Agency
Obligations.
Level
3
–
Significant
unobservable
inputs
(including
the
Funds’
assumptions
in
determining
the
fair
value
of
investments).
Investments
which
may
be
included
in
this
category
include
certain
common
stocks,
convertible
preferred
stocks,
corporate
bonds,
preferred
stocks,
or
senior
floating
rate
interests.
The
availability
of
observable
inputs
can
vary
from
security
to
security
and
is
affected
by
a
wide
variety
of
factors,
including,
for
example,
the
type
of
security,
whether
the
security
is
new
and
not
yet
established
in
the
market
place,
and
other
characteristics
particular
to
the
transaction.
To
the
extent
that
valuation
is
based
on
models
or
inputs
that
are
less
observable
or
unobservable
in
the
market,
the
determination
of
fair
value
requires
more
judgment.
Accordingly,
the
degree
of
judgment
exercised
by
the
Funds
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
In
certain
cases,
the
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
level
in
the
fair
value
hierarchy
within
which
the
fair
value
measurement
in
its
entirety
falls
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Fair
value
is
a
market
based
measure
considered
from
the
perspective
of
a
market
participant
who
holds
the
asset
rather
than
an
entity
specific
measure.
Therefore,
even
when
market
assumptions
are
not
readily
available,
the
Fund’s
own
assumptions
are
set
to
reflect
those
that
market
participants
would
use
in
pricing
the
asset
or
liability
at
the
measurement
date.
The
Funds
use
prices
and
inputs
that
are
current
as
of
the
measurement
date,
when
available.
Investments
which
are
included
in
the
Level
3
category
may
be
valued
using
quoted
prices
from
brokers
and
dealers
participating
in
the
market
for
these
investments.
These
investments
are
classified
as
Level
3
investments
due
to
the
lack
of
market
transparency
and
market
corroboration
to
support
these
quoted
prices.
Valuation
models
may
be
used
as
the
pricing
source
for
other
investments
classified
as
Level
3.
Valuation
models
rely
on
one
or
more
significant
unobservable
inputs
such
as:
yield
to
maturity,
EBITDA
multiples,
discount
rates,
available
cash,
or
direct
offering
price.
Significant
increases
in
yield
to
maturity,
EBITDA
multiples,
available
cash,
or
direct
offering
price would
have
resulted
in
significantly
higher
fair
value
measurements.
A
significant
increase
in
discount
rates
would
have
resulted
in
a
significantly
lower
fair
value
measurement.
Benchmark
pricing
procedures
set
the
base
price
of
a
security
based
on
current
market
data.
The
base
price
may
be
a
broker-dealer
quote,
transaction
price,
or
internal
value
based
on
relevant
market
data.
The
fair
values
of
these
securities
are
dependent
on
economic,
political
and
other
considerations.
The
values
of
such
securities
may
be
affected
by
significant
changes
in
the
economic
conditions,
changes
in
government
policies,
and
other
factors
(e.g.,
natural
disasters,
accidents,
conflicts,
etc.).
The
inputs
or
methodology
used
for
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
instruments.
The
following
is
a
summary
of
the
inputs
used
as
of
January
31,
2026
in
valuing
the
Funds'
securities
carried
at
value
(amounts
shown
in
thousands):
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
California
Municipal
Fund
Common
Stocks
Industrial
$
—
$
—
$
—
$
—
Investment
Companies*
53
—
—
53
Municipal
Bonds*
—
690,248
—
690,248
Total
investments
in
securities
$
53
$
690,248
$
—
$
690,301
January
31,
2026
(unaudited)
247
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Core
Fixed
Income
Fund
Bonds*
$
—
$
6,135,596
$
—
$
6,135,596
Common
Stocks
Industrial
—
—
6,619
6,619
Investment
Companies*
157,293
—
—
157,293
U.S.
Government
&
Government
Agency
Obligations*
—
4,249,806
—
4,249,806
Total
investments
in
securities
$
157,293
$
10,385,402
$
6,619
$
10,549,314
Derivative
Assets
Interest
Rate
Contracts
Futures**
962
—
—
962
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(1,272)
—
—
(1,272)
Core
Plus
Bond
Fund
Bonds*
—
312,158
—
312,158
Common
Stocks
Consumer,
Cyclical
—
—
—
—
Energy
—
—
29
29
Investment
Companies*
64,456
—
—
64,456
Senior
Floating
Rate
Interests*
—
13,520
—
13,520
U.S.
Government
&
Government
Agency
Obligations*
—
136,644
—
136,644
Total
investments
in
securities
$
64,456
$
462,322
$
29
$
526,807
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(462)
—
—
(462)
Diversified
Income
Fund
Bonds*
—
1,633,593
25,190
1,658,783
Common
Stocks
Basic
Materials
—
—
30,746
30,746
Communications
—
109
—
109
Consumer,
Non-cyclical
—
—
1,020
1,020
Technology
—
9
—
9
Convertible
Bonds*
—
3,653
—
3,653
Investment
Companies*
183,067
—
—
183,067
Preferred
Stocks*
33,908
—
—
33,908
Repurchase
Agreements
—
15,900
—
15,900
Senior
Floating
Rate
Interests*
—
189,438
2,074
191,512
U.S.
Government
&
Government
Agency
Obligations*
—
202,822
—
202,822
Purchased
Credit
Default
Swaptions
—
8
—
8
Total
investments
in
securities
$
216,975
$
2,045,532
$
59,030
$
2,321,537
Short
Sales
U.S.
Government
&
Government
Agency
Obligations*
—
(1,700)
—
(1,700)
Total
Short
Sales
$
—
$
(1,700)
$
—
$
(1,700)
Derivative
Assets
Credit
Contracts
Credit
Default
Swaps
—
1,870
—
1,870
Exchange
Cleared
Credit
Default
Swaps**
—
2
—
2
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
226
—
226
Interest
Rate
Contracts
Futures**
172
—
—
172
Total
Return
Swaps
—
630
—
630
Derivative
Liabilities
Credit
Contracts
Credit
Default
Swaps
—
(201)
—
(201)
Exchange
Cleared
Credit
Default
Swaps**
—
(95)
—
(95)
Written
Credit
Default
Swaptions
—
(3)
—
(3)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(659)
—
(659)
Interest
Rate
Contracts
Futures**
(268)
—
—
(268)
Total
Return
Swaps
—
(28)
—
(28)
January
31,
2026
(unaudited)
248
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Diversified
International
Fund
Common
Stocks
Basic
Materials
$
35,633
$
21,587
$
—
$
57,220
Communications
24,667
99,056
—
123,723
Consumer,
Cyclical
10,321
135,487
—
145,808
Consumer,
Non-cyclical
40,337
176,543
—
216,880
Energy
44,828
21,396
—
66,224
Financial
33,848
235,529
—
269,377
Industrial
9,296
184,233
—
193,529
Technology
5,837
195,434
—
201,271
Utilities
—
3,214
—
3,214
Investment
Companies*
14,123
—
—
14,123
Preferred
Stocks*
265
—
—
265
Total
investments
in
securities
$
219,155
$
1,072,479
$
—
$
1,291,634
Equity
Income
Fund
Common
Stocks*
7,978,296
—
—
7,978,296
Investment
Companies*
128,633
—
—
128,633
Total
investments
in
securities
$
8,106,929
$
—
$
—
$
8,106,929
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
Bonds*
—
764,401
2,024
766,425
Convertible
Bonds*
—
7,629
—
7,629
Investment
Companies*
99,895
—
—
99,895
Total
investments
in
securities
$
99,895
$
772,030
$
2,024
$
873,949
Derivative
Assets
Credit
Contracts
Exchange
Cleared
Credit
Default
Swaps**
—
21
—
21
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
1,720
—
1,720
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
458
—
458
Total
Return
Swaps
—
1,627
—
1,627
Derivative
Liabilities
Credit
Contracts
Credit
Default
Swaps
—
(2,295)
—
(2,295)
Exchange
Cleared
Credit
Default
Swaps**
—
(1,556)
—
(1,556)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(1,728)
—
(1,728)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(1,199)
—
(1,199)
Futures**
(87)
—
—
(87)
Total
Return
Swaps
—
(76)
—
(76)
Global
Emerging
Markets
Fund
Common
Stocks
Basic
Materials
118,199
138,684
—
256,883
Communications
148,715
792,811
—
941,526
Consumer,
Cyclical
44,135
487,047
—
531,182
Consumer,
Non-cyclical
94,377
361,220
—
455,597
Energy
38,270
227,965
—
266,235
Financial
300,444
1,215,171
—
1,515,615
Industrial
154,593
492,873
—
647,466
Technology
164,872
1,605,831
—
1,770,703
Utilities
66,531
12,184
—
78,715
Convertible
Preferred
Stocks
Industrial
—
—
14,129
14,129
Investment
Companies*
134,983
—
—
134,983
Preferred
Stocks
Consumer,
Cyclical
—
30,195
—
30,195
Energy
85,825
—
—
85,825
Total
investments
in
securities
$
1,350,944
$
5,363,981
$
14,129
$
6,729,054
January
31,
2026
(unaudited)
249
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Global
Real
Estate
Securities
Fund
Common
Stocks
Communications
$
—
$
12,979
$
—
$
12,979
Consumer,
Cyclical
20,373
—
—
20,373
Consumer,
Non-cyclical
7,894
—
—
7,894
Financial
1,000,137
567,580
—
1,567,717
Industrial
—
15,926
—
15,926
Investment
Companies*
19,625
—
—
19,625
Total
investments
in
securities
$
1,048,029
$
596,485
$
—
$
1,644,514
Government
&
High
Quality
Bond
Fund
Bonds*
—
80,707
—
80,707
Investment
Companies*
1,959
—
—
1,959
U.S.
Government
&
Government
Agency
Obligations*
—
563,278
—
563,278
Total
investments
in
securities
$
1,959
$
643,985
$
—
$
645,944
Derivative
Assets
Interest
Rate
Contracts
Futures**
293
—
—
293
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(48)
—
—
(48)
High
Yield
Fund
Bonds*
—
6,052,029
5,364
6,057,393
Common
Stocks
Basic
Materials
—
—
220
220
Consumer,
Cyclical
—
—
—
—
Consumer,
Non-cyclical
—
—
865
865
Energy
—
—
1,087
1,087
Utilities
—
—
—
—
Convertible
Bonds*
—
—
—
—
Investment
Companies*
88,055
—
—
88,055
Senior
Floating
Rate
Interests*
—
309,644
1,652
311,296
U.S.
Government
&
Government
Agency
Obligations*
—
40,200
—
40,200
Total
investments
in
securities
$
88,055
$
6,401,873
$
9,188
$
6,499,116
Derivative
Assets
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
—
—
—
Derivative
Liabilities
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(294)
—
(294)
Inflation
Protection
Fund
Bonds*
—
38,213
—
38,213
Investment
Companies*
120,822
—
—
120,822
U.S.
Government
&
Government
Agency
Obligations*
—
2,137,338
—
2,137,338
Purchased
Interest
Rate
Swaptions
—
25
—
25
Total
investments
in
securities
$
120,822
$
2,175,576
$
—
$
2,296,398
Derivative
Assets
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
337
—
337
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
159
—
159
Futures**
107
—
—
107
Derivative
Liabilities
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(597)
—
(597)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(720)
—
(720)
Futures**
(24)
—
—
(24)
Written
Interest
Rate
Swaptions
—
(627)
—
(627)
International
Equity
Fund
Common
Stocks
Basic
Materials
250,517
—
—
250,517
January
31,
2026
(unaudited)
250
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
International
Equity
Fund
(continued)
Common
Stocks
(continued)
Communications
$
127,706
$
631,824
$
—
$
759,530
Consumer,
Cyclical
64,328
747,836
—
812,164
Consumer,
Non-cyclical
218,874
926,078
—
1,144,952
Energy
310,327
64,395
—
374,722
Financial
77,441
1,560,155
—
1,637,596
Industrial
56,042
706,049
—
762,091
Technology
294,519
881,275
—
1,175,794
Investment
Companies*
111,626
—
—
111,626
Total
investments
in
securities
$
1,511,380
$
5,517,612
$
—
$
7,028,992
LargeCap
Growth
Fund
I
Common
Stocks
Basic
Materials
1,795
—
—
1,795
Communications
1,661,460
—
—
1,661,460
Consumer,
Cyclical
238,829
—
—
238,829
Consumer,
Non-cyclical
892,924
—
—
892,924
Energy
1,812
—
—
1,812
Financial
422,812
—
—
422,812
Industrial
522,163
—
—
522,163
Technology
2,777,860
—
4,727
2,782,587
Utilities
1,444
—
—
1,444
Convertible
Preferred
Stocks
Basic
Materials
—
—
1,888
1,888
Consumer,
Cyclical
—
—
8,229
8,229
Technology
—
—
6,841
6,841
Investment
Companies*
110,677
—
—
110,677
Total
investments
in
securities
$
6,631,776
$
—
$
21,685
$
6,653,461
Derivative
Liabilities
Equity
Contracts
Futures**
(50)
—
—
(50)
LargeCap
S&P
500
Index
Fund
Common
Stocks*
12,418,977
—
—
12,418,977
Investment
Companies*
379,190
—
—
379,190
Total
investments
in
securities
$
12,798,167
$
—
$
—
$
12,798,167
Derivative
Liabilities
Equity
Contracts
Futures**
(1,399)
—
—
(1,399)
LargeCap
Value
Fund
III
Common
Stocks*
2,242,022
—
—
2,242,022
Investment
Companies*
157,059
—
—
157,059
Total
investments
in
securities
$
2,399,081
$
—
$
—
$
2,399,081
Derivative
Liabilities
Equity
Contracts
Futures**
(107)
—
—
(107)
MidCap
Fund
Common
Stocks
Basic
Materials
419,684
—
—
419,684
Communications
698,287
—
—
698,287
Consumer,
Cyclical
7,523,431
—
—
7,523,431
Consumer,
Non-cyclical
1,227,519
—
—
1,227,519
Financial
8,330,067
—
—
8,330,067
Industrial
7,175,565
—
—
7,175,565
Technology
3,485,393
—
—
3,485,393
Utilities
1,359,790
—
—
1,359,790
Investment
Companies*
42,908
—
—
42,908
Total
investments
in
securities
$
30,262,644
$
—
$
—
$
30,262,644
January
31,
2026
(unaudited)
251
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
MidCap
S&P
400
Index
Fund
Common
Stocks*
$
1,250,271
$
—
$
—
$
1,250,271
Investment
Companies*
16,960
—
—
16,960
Total
investments
in
securities
$
1,267,231
$
—
$
—
$
1,267,231
Derivative
Assets
Equity
Contracts
Futures**
11
—
—
11
MidCap
Value
Fund
I
Common
Stocks*
2,296,465
—
—
2,296,465
Investment
Companies*
62,051
—
—
62,051
Total
investments
in
securities
$
2,358,516
$
—
$
—
$
2,358,516
Derivative
Liabilities
Equity
Contracts
Futures**
(106)
—
—
(106)
Overseas
Fund
Common
Stocks
Basic
Materials
12,597
78,096
—
90,693
Communications
—
55,731
—
55,731
Consumer,
Cyclical
17,060
101,911
—
118,971
Consumer,
Non-cyclical
450
276,905
—
277,355
Diversified
—
132
—
132
Energy
12,180
75,977
—
88,157
Financial
29,801
468,096
—
497,897
Industrial
66,940
308,075
—
375,015
Technology
—
154,318
—
154,318
Utilities
—
108,672
—
108,672
Investment
Companies*
21,713
—
—
21,713
Preferred
Stocks
Consumer,
Cyclical
—
11,251
—
11,251
Consumer,
Non-cyclical
—
250
—
250
Total
investments
in
securities
$
160,741
$
1,639,414
$
—
$
1,800,155
Derivative
Assets
Equity
Contracts
Futures**
66
—
—
66
Principal
Capital
Appreciation
Fund
Common
Stocks*
4,778,230
—
—
4,778,230
Investment
Companies*
52,063
—
—
52,063
Total
investments
in
securities
$
4,830,293
$
—
$
—
$
4,830,293
Principal
LifeTime
2015
Fund
Investment
Companies*
198,342
—
—
198,342
Total
investments
in
securities
$
198,342
$
—
$
—
$
198,342
Principal
LifeTime
2020
Fund
Investment
Companies*
1,929,816
—
—
1,929,816
Total
investments
in
securities
$
1,929,816
$
—
$
—
$
1,929,816
Principal
LifeTime
2025
Fund
Investment
Companies*
1,334,659
—
—
1,334,659
Total
investments
in
securities
$
1,334,659
$
—
$
—
$
1,334,659
Principal
LifeTime
2030
Fund
Investment
Companies*
5,097,198
—
—
5,097,198
Total
investments
in
securities
$
5,097,198
$
—
$
—
$
5,097,198
Principal
LifeTime
2035
Fund
Investment
Companies*
2,013,471
—
—
2,013,471
Total
investments
in
securities
$
2,013,471
$
—
$
—
$
2,013,471
January
31,
2026
(unaudited)
252
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Principal
LifeTime
2040
Fund
Investment
Companies*
$
4,704,393
$
—
$
—
$
4,704,393
Total
investments
in
securities
$
4,704,393
$
—
$
—
$
4,704,393
Principal
LifeTime
2045
Fund
Investment
Companies*
1,756,398
—
—
1,756,398
Total
investments
in
securities
$
1,756,398
$
—
$
—
$
1,756,398
Principal
LifeTime
2050
Fund
Investment
Companies*
3,378,314
—
—
3,378,314
Total
investments
in
securities
$
3,378,314
$
—
$
—
$
3,378,314
Principal
LifeTime
2055
Fund
Investment
Companies*
1,215,066
—
—
1,215,066
Total
investments
in
securities
$
1,215,066
$
—
$
—
$
1,215,066
Principal
LifeTime
2060
Fund
Investment
Companies*
1,201,114
—
—
1,201,114
Total
investments
in
securities
$
1,201,114
$
—
$
—
$
1,201,114
Principal
LifeTime
2065
Fund
Investment
Companies*
297,953
—
—
297,953
Total
investments
in
securities
$
297,953
$
—
$
—
$
297,953
Principal
LifeTime
2070
Fund
Investment
Companies*
101,936
—
—
101,936
Total
investments
in
securities
$
101,936
$
—
$
—
$
101,936
Principal
LifeTime
Hybrid
2015
Fund
Investment
Companies*
516,159
—
—
516,159
Total
investments
in
securities
$
516,159
$
—
$
—
$
516,159
Principal
LifeTime
Hybrid
2020
Fund
Investment
Companies*
613,711
—
—
613,711
Total
investments
in
securities
$
613,711
$
—
$
—
$
613,711
Principal
LifeTime
Hybrid
2025
Fund
Investment
Companies*
1,162,952
—
—
1,162,952
Total
investments
in
securities
$
1,162,952
$
—
$
—
$
1,162,952
Principal
LifeTime
Hybrid
2030
Fund
Investment
Companies*
1,505,458
—
—
1,505,458
Total
investments
in
securities
$
1,505,458
$
—
$
—
$
1,505,458
Principal
LifeTime
Hybrid
2035
Fund
Investment
Companies*
1,048,417
—
—
1,048,417
Total
investments
in
securities
$
1,048,417
$
—
$
—
$
1,048,417
Principal
LifeTime
Hybrid
2040
Fund
Investment
Companies*
1,316,078
—
—
1,316,078
Total
investments
in
securities
$
1,316,078
$
—
$
—
$
1,316,078
Principal
LifeTime
Hybrid
2045
Fund
Investment
Companies*
697,708
—
—
697,708
Total
investments
in
securities
$
697,708
$
—
$
—
$
697,708
January
31,
2026
(unaudited)
253
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Principal
LifeTime
Hybrid
2050
Fund
Investment
Companies*
$
654,652
$
—
$
—
$
654,652
Total
investments
in
securities
$
654,652
$
—
$
—
$
654,652
Principal
LifeTime
Hybrid
2055
Fund
Investment
Companies*
427,451
—
—
427,451
Total
investments
in
securities
$
427,451
$
—
$
—
$
427,451
Principal
LifeTime
Hybrid
2060
Fund
Investment
Companies*
242,717
—
—
242,717
Total
investments
in
securities
$
242,717
$
—
$
—
$
242,717
Principal
LifeTime
Hybrid
2065
Fund
Investment
Companies*
91,415
—
—
91,415
Total
investments
in
securities
$
91,415
$
—
$
—
$
91,415
Principal
LifeTime
Hybrid
2070
Fund
Investment
Companies*
14,722
—
—
14,722
Total
investments
in
securities
$
14,722
$
—
$
—
$
14,722
Principal
LifeTime
Hybrid
Income
Fund
Investment
Companies*
195,784
—
—
195,784
Total
investments
in
securities
$
195,784
$
—
$
—
$
195,784
Principal
LifeTime
Strategic
Income
Fund
Investment
Companies*
716,660
—
—
716,660
Total
investments
in
securities
$
716,660
$
—
$
—
$
716,660
Real
Estate
Securities
Fund
Common
Stocks*
6,174,428
—
—
6,174,428
Investment
Companies*
2,109
—
—
2,109
Total
investments
in
securities
$
6,176,537
$
—
$
—
$
6,176,537
SAM
Balanced
Portfolio
Investment
Companies*
4,827,409
—
—
4,827,409
Total
investments
in
securities
$
4,827,409
$
—
$
—
$
4,827,409
Derivative
Assets
Interest
Rate
Contracts
Futures**
204
—
—
204
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(391)
—
—
(391)
SAM
Conservative
Balanced
Portfolio
Investment
Companies*
1,881,354
—
—
1,881,354
Total
investments
in
securities
$
1,881,354
$
—
$
—
$
1,881,354
Derivative
Assets
Interest
Rate
Contracts
Futures**
212
—
—
212
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(405)
—
—
(405)
SAM
Conservative
Growth
Portfolio
Investment
Companies*
3,432,396
—
—
3,432,396
Total
investments
in
securities
$
3,432,396
$
—
$
—
$
3,432,396
SAM
Flexible
Income
Portfolio
Investment
Companies*
2,215,734
—
—
2,215,734
Total
investments
in
securities
$
2,215,734
$
—
$
—
$
2,215,734
January
31,
2026
(unaudited)
254
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
SAM
Flexible
Income
Portfolio
(continued)
Derivative
Assets
Interest
Rate
Contracts
Futures**
$
381
$
—
$
—
$
381
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(730)
—
—
(730)
SAM
Strategic
Growth
Portfolio
Investment
Companies*
2,516,411
—
—
2,516,411
Total
investments
in
securities
$
2,516,411
$
—
$
—
$
2,516,411
Short-Term
Income
Fund
Bonds*
—
2,832,467
—
2,832,467
Investment
Companies*
164,044
—
—
164,044
U.S.
Government
&
Government
Agency
Obligations*
—
517,970
—
517,970
Total
investments
in
securities
$
164,044
$
3,350,437
$
—
$
3,514,481
SmallCap
Fund
Common
Stocks*
2,274,668
—
—
2,274,668
Investment
Companies*
51,343
—
—
51,343
Total
investments
in
securities
$
2,326,011
$
—
$
—
$
2,326,011
SmallCap
Growth
Fund
I
Common
Stocks
Basic
Materials
39,465
—
—
39,465
Communications
58,576
—
—
58,576
Consumer,
Cyclical
211,693
—
—
211,693
Consumer,
Non-cyclical
575,871
11
3
575,885
Energy
67,435
—
—
67,435
Financial
208,220
—
—
208,220
Industrial
641,929
—
—
641,929
Technology
377,474
105
—
377,579
Utilities
739
—
—
739
Investment
Companies*
82,874
—
—
82,874
Total
investments
in
securities
$
2,264,276
$
116
$
3
$
2,264,395
Derivative
Liabilities
Equity
Contracts
Futures**
(77)
—
—
(77)
SmallCap
S&P
600
Index
Fund
Common
Stocks
Basic
Materials
54,128
—
—
54,128
Communications
66,610
—
—
66,610
Consumer,
Cyclical
180,727
—
—
180,727
Consumer,
Non-cyclical
219,556
—
—
219,556
Energy
74,577
—
—
74,577
Financial
314,177
—
—
314,177
Industrial
219,101
—
—
219,101
Technology
94,146
—
—
94,146
Utilities
28,442
—
—
28,442
Investment
Companies*
24,231
—
—
24,231
Total
investments
in
securities
$
1,275,695
$
—
$
—
$
1,275,695
Derivative
Liabilities
Equity
Contracts
Futures**
(158)
—
—
(158)
SmallCap
Value
Fund
II
Common
Stocks
Basic
Materials
62,210
—
—
62,210
Communications
15,267
—
—
15,267
Consumer,
Cyclical
166,312
—
—
166,312
Consumer,
Non-cyclical
110,457
6
3
110,466
Energy
108,383
—
—
108,383
January
31,
2026
(unaudited)
255
Certain
detailed
information
is
provided
for
those
Funds
with
significant
investments
in
Level
3
securities.
Significant
unobservable
inputs
for
bonds
include
the
Quantitative
information
about
the
significant
unobservable
inputs
used
in
the
fair
value
measurements
categorized
within
Level
3
of
the
fair
value
hierarchy
is
as
follows
(amounts
in
thousands):
*Unobservable
inputs
were
weighted
by
the
relative
fair
value
of
the
instruments.
(a)
During
the
period,
the
valuation
methodology
changed.
Previously,
the
security
was
valued
using
Comparable
Debt
Methodology,
driven
by
Yield
to
Maturity.
The
methodology
was
changed
because
current
market
assumptions
are
more
representative
of
fair
value
given
the
tenure
of
the
note.
Current
valuation
is
based
on
Discounted
Cash
Flow
model,
driven
by
Yield
to
Maturity.
(b)
During
the
period,
the
valuation
methodology
changed.
Previously,
the
securities
were
valued
using
an
Enterprise
Valuation
Model
driven
by
both
Discounted
Cash
Flows
and
EBITDA
Multiples.
The
change
in
methodology
is
driven
by
the
Fund’s
assessment
of
various
factors
including
the
current
performance
of
the
company
and
availability
of
comparable
market
data.
Current
valuation
is
based
on
Comparable
Company
Methodology
driven
by
EBITDA
Multiples.
(c)
During
the
period,
the
valuation
methodology
changed.
Previously,
the
security
was
valued
using
a
Precedent
Transaction
Analysis.
Due
to
a
deterioration
in
the
underlying
company’s
performance,
the
methodology
was
updated
to
reflect
the
increased
risk
of
liquidation
or
bankruptcy.
The
new
approach
applies
a
Yield
Premium
Methodology
combined
with
a
Liquidation
Methodology,
both
driven
by
Yield
to
Maturity.
(d)
During
the
period,
the
valuation
methodology
changed.
The
change
in
methodology
is
driven
by
the
Fund’s
assessment
of
various
factors
including
the
current
performance
of
the
company
and
availability
of
comparable
market
data.
Previously,
the
security
was
valued
using
a
management-appraised
Enterprise
Valuation
Model
incorporating
both
Discounted
Cash
Flows
and
EBITDA
Multiples.
Current
valuation
is
based
on
Comparable
Company
Methodology/Recovery
Methodology
driven
by
EBITDA
Multiples.
The
changes
in
investments
measured
at
fair
value
for
which
Level
3
inputs
have
been
used
to
determine
fair
value
are
as
follows
(amounts
in
thousands):
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
SmallCap
Value
Fund
II
(continued)
Common
Stocks
(continued)
Financial
$
356,076
$
—
$
—
$
356,076
Government
57
—
—
57
Industrial
233,395
—
—
233,395
Technology
33,034
—
—
33,034
Utilities
39,720
—
—
39,720
Investment
Companies*
76,478
—
—
76,478
Total
investments
in
securities
$
1,201,389
$
6
$
3
$
1,201,398
Derivative
Liabilities
Equity
Contracts
Futures**
(73)
—
—
(73)
Tax-Exempt
Bond
Fund
Common
Stocks
Industrial
—
—
—
—
Investment
Companies*
2,333
—
—
2,333
Municipal
Bonds*
—
535,789
—
535,789
Total
investments
in
securities
$
2,333
$
535,789
$
—
$
538,122
Fund
Asset
Type
Fair
Value
as
of
January
31,
2026
Valuation
Technique
Unobservable
Input
Input
Valuations
(weighted
average)*
Impact
to
valuation
if
input
had
increased
Diversified
Income
Fund
Bonds
$
25,190
Discounted
Cash
Flows
Yield
to
Maturity(a)
11.0
–
23.9%
(17.4%)
Increase
—
Litigation
Settlement
Proceeds
Expected
Recovery
$0.00
Decrease
Common
Stocks
31,490
Comparable
Company
Model
EBITDA
Multiples(b)
6.4
–
8.5x
(6.6x)
Increase
276
Cash
Payout
Methodology
Discount
Rate
12.2-100.0%
(56.1%)
Decrease
—
Market
Quotations
Broker
Quote
$0.01-$0.05
($0.02)
Increase
Senior
Floating
Rate
Interests
2,074
Yield
Premium
Methodology
/
Liquidation
Methodology
Yield
to
Maturity(c)
12.2-46.1%(29.2%)
Increase
—
Comparable
Company
Methodology
/
Recovery
Methodology
EBITDA
Multiples(d)
5.7x
Increase
Total
$
59,030
Fund
Value
as
of
October
31,
2025
Realized
Gain/
(Loss)
Accrued
Discounts/
Premiums
and
Change
in
Unrealized
Gain/
(Loss)
Purchases
Proceeds
from
Sales
Transfers
into
Level
3*
Transfers
Out
of
Level
3**
Value
as
of
January
31,
2026
Net
Change
in
Unrealized
Appreciation/
(Depreciation)
on
Investments
held
at
January
31,
2026
Diversified
Income
Fund
Bonds
$
28,040
$
—
$
(2,850)
$
—
$
—
$
—
$
—
$
25,190
$
(2,933)
Common
Stock
52,221
—
(20,455)
—
—
—
—
31,766
(20,455)
Senior
Floating
Rate
Interests
13,754
(14,561)
2,038
2,049
(1,206)
—
—
2,074
2,336
January
31,
2026
(unaudited)
256
*Securities
are
transferred
into
Level
3
for
a
variety
of
reasons
including,
but
not
limited
to:
1.
Securities
where
trading
has
been
halted
2.
Securities
that
have
certain
restrictions
on
trading
3.
Instances
in
which
a
security
is
not
priced
by
a
pricing
service
**Securities
are
transferred
out
of
Level
3
for
a
variety
of
reasons
including,
but
not
limited
to:
1.
Securities
where
trading
resumes
2.
Securities
where
trading
restrictions
have
expired
3.
Instances
in
which
a
price
becomes
available
from
a
pricing
service
At
the
end
of
the
period,
there
were
no
other
Funds
which
had
a
significant
Level
3
balance.
During
the
year,
there
were
no
significant
purchases,
sales,
or
transfers
into
or
out
of
Level
3,
except
as
noted
above.
Total
$
94,015
$
(14,561)
$
(21,267)
$
2,049
$
(1,206)
$
—
$
—
$
59,030
$
(21,052)