Principal
Value
U.S.
Treasury
Bills
–
98.6%
U.S.
Treasury
Bill,
3.68%,
5/21/2026
(a)
........................................
$
1,250,000
$
1,243,713
U.S.
Treasury
Bill,
3.68%,
6/23/2026
(a)(b)
......................................
1,250,000
1,239,697
U.S.
Treasury
Bill,
3.69%,
7/7/2026
(a)
.........................................
50,000
49,515
U.S.
Treasury
Bill,
3.69%,
7/21/2026
(a)
........................................
1,800,000
1,780,006
Total
U.S.
Treasury
Bills
(Cost
$4,312,842)
..........................................
4,312,931
Shares
Money
Market
Fund
–
4.4%
Dreyfus
Treasury
Obligations
Cash
Management
Fund,
Institutional
Shares,
3.54%(c)
(Cost
$193,544)
..........................................................
193,544
193,544
Total
Investments
–
103.0%
(Cost
$4,506,386)
..............................................................
$
4,506,475
Liabilities
in
Excess
of
Other
Assets
–
(3.0)%
..........................................
(130,842)
Net
Assets
–
100.0%
.............................................................
$
4,375,633
(a)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield.
(b)
Securities
with
an
aggregate
market
value
of
$991,750
have
been
pledged
as
collateral
for
swaps
as
of
March
31,
2026.
(c)
Rate
shown
reflects
the
7-day
yield
as
of
March
31,
2026.
At
March
31,
2026,
over
the
counter
total
return
swap
contracts
outstanding
were
as
follows:
Reference
Obligation/Index
Termination
Date(a)
Financing
Rate
Paid
(Received)
by
the
Fund
Counterparty
Notional
Amount
Unrealized
Appreciation/
(Depreciation)(b)
TRSSG0001*
3/15/2027
0.10%
(c)
SG
2,539,752
$
(166,006)
TRSSG0002*
3/15/2027
0.00%
(c)
SG
2,540,596
101,653
TRSSG0003*
4/30/2027
0.10%
(c)
SG
1,989,121
4,826
TRSSG0004*
4/30/2027
0.00%
(c)
SG
1,740,202
(1,432)
$
(60,959)
*
The
aggregate
market
value
of
the
constituents
of
the
swap
reference
index
have
been
shown
below
for
derivative
based
indices.
(a)
The
Fund
pays/receives
annual
coupon
payments
in
accordance
with
the
swap
contract.
On
the
termination
date
of
the
swap
contract(s),
the
Fund
will
either
receive
from
or
pay
to
the
counterparty
an
amount
equal
to
the
net
of
the
accrued
financing
fees
and
the
value
of
the
reference
security
subtracted
from
the
original
notional
cost
(notional
multiplied
by
the
price
change
of
the
reference
security).
(b)
There
are
no
upfront
payments
on
the
swap
contracts,
therefore
the
unrealized
gain
(loss)
on
the
swap
contracts
is
equal
to
their
market
value.
(c)
Payments
made
quarterly.
Abbreviations:
SG
:
Societe
Generale