Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund
Shares/Units  Security  Value
COMMON STOCKS - 93.0%
BASIC MATERIALS - 1.3%
Chemicals - 0.5%
3,607   Air Products & Chemicals Inc.   $1,004,982 
19,480   Celanese Corp., Class A Shares    1,034,972 
4,056   Ecolab Inc.    1,038,336 
25,810   Linde PLC    12,845,379 
3,728   Sherwin-Williams Co.    1,132,716 
2,573   Solstice Advanced Materials Inc.    216,724 
    Total Chemicals    17,273,109 
Mining - 0.8%     
179,206   Freeport-McMoRan Inc.    11,775,626 
156,130   Newmont Corp.    17,144,635 
1,418   Southern Copper Corp.    271,264 
    Total Mining    29,191,525 
    TOTAL BASIC MATERIALS    46,464,634 
COMMUNICATIONS - 15.0%     
Advertising - 0.4%     
176,327   Omnicom Group Inc.    12,820,736 
141,853   Trade Desk Inc., Class A Shares*    3,058,351 
    Total Advertising    15,879,087 
Internet - 12.0%     
26,099   Airbnb Inc., Class A Shares*    3,479,258 
337,303   Alphabet Inc., Class A Shares    128,289,823 
76,627   Alphabet Inc., Class C Shares    28,844,702 
577,894   Amazon.com Inc.*    156,401,232 
3,880   AppLovin Corp., Class A Shares*    2,378,789 
18,927   Booking Holdings Inc.    3,168,948 
5,940   DoorDash Inc., Class A Shares*    946,182 
46,207   Maplebear Inc.*    1,839,038 
136,355   Meta Platforms Inc., Class A Shares    86,245,901 
102,180   Netflix Inc.*    8,789,524 
14,372   Palo Alto Networks Inc.*    4,048,449 
45,493   Pinterest Inc., Class A Shares*    912,135 
1,328   Roku Inc., Class A Shares*    172,879 
2,500   Spotify Technology SA*    1,244,200 
28,869   TripAdvisor Inc.*    322,755 
69,651   Uber Technologies Inc.*    4,903,430 
4,303   Wayfair Inc., Class A Shares*    310,935 
    Total Internet    432,298,180 
Media - 1.2%     
58,493   Comcast Corp., Class A Shares    1,454,721 
15,170   EchoStar Corp., Class A Shares*    1,959,812 
2,323   Versant Media Group Inc.    100,214 
375,958   Walt Disney Co.    38,283,803 
    Total Media    41,798,550 
Telecommunications - 1.4%     
51,680   Arista Networks Inc.*    8,241,410 
440,834   AT&T Inc.    10,932,683 
224,117   Cisco Systems Inc.    26,988,169 
2,692   Motorola Solutions Inc.    1,085,630 
7,826   T-Mobile US Inc.    1,467,610 

 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
COMMUNICATIONS - (continued)
Telecommunications - (continued)     
68,372   Verizon Communications Inc.   $3,268,865 
    Total Telecommunications    51,984,367 
    TOTAL COMMUNICATIONS    541,960,184 
CONSUMER CYCLICAL - 8.3%     
Airlines - 0.7%     
295,941   Delta Air Lines Inc.    24,409,214 
9,745   Southwest Airlines Co.    418,548 
    Total Airlines    24,827,762 
Apparel - 0.5%     
11,748   Deckers Outdoor Corp.*    1,337,510 
140,026   LVMH Moet Hennessy Louis Vuitton SE, ADR(a)    15,479,874 
18,927   NIKE Inc., Class B Shares    874,995 
    Total Apparel    17,692,379 
Auto Manufacturers - 1.5%     
6,558   Cummins Inc.    4,240,600 
376,251   Ford Motor Co.    6,561,817 
92,564   General Motors Co.    7,705,027 
8,300   PACCAR Inc.    916,071 
79,305   Tesla Inc.*    34,560,326 
    Total Auto Manufacturers    53,983,841 
Distribution/Wholesale - 0.2%     
244,742   Copart Inc.*    8,020,195 
Entertainment - 0.4%     
1,356,253   Universal Music Group NV, ADR(a)    14,986,596 
Home Furnishings - 0.1%     
91,470   Dolby Laboratories Inc., Class A Shares    5,104,941 
Leisure Time - 0.3%     
115,553   Viking Holdings Ltd.*    10,643,587 
Lodging - 0.3%     
73,069   Las Vegas Sands Corp.    3,695,099 
18,913   Marriott International Inc., Class A Shares    7,103,723 
    Total Lodging    10,798,822 
Retail - 4.3%     
275   AutoZone Inc.*    807,177 
349,386   BJ’s Wholesale Club Holdings Inc.*    29,795,638 
5,874   Casey’s General Stores Inc.    4,506,180 
53,274   Cava Group Inc.*    4,137,259 
182,744   Chipotle Mexican Grill Inc., Class A Shares*    5,822,224 
31,339   Costco Wholesale Corp.    29,970,113 
749   Domino’s Pizza Inc.    232,624 
21,080   Ferguson Enterprises Inc.    4,763,448 
28,116   Five Below Inc.*    6,392,454 
16,131   Home Depot Inc.    5,115,785 
37,648   Lithia Motors Inc., Class A Shares    10,951,427 
48,499   Lowe’s Cos., Inc.    10,396,246 
35,266   Lululemon Athletica Inc.*    4,626,194 
11,586   McDonald’s Corp.    3,234,811 
113,281   O’Reilly Automotive Inc.*    9,841,853 
18,421   Starbucks Corp.    1,826,626 
67,119   Target Corp.    8,528,811 
24,357   TJX Cos., Inc.    3,769,246 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER CYCLICAL - (continued)
Retail - (continued)     
3,923   Ulta Beauty Inc.*   $1,996,219 
70,435   Walmart Inc.    8,152,851 
    Total Retail    154,867,186 
    TOTAL CONSUMER CYCLICAL    300,925,309 
CONSUMER NON-CYCLICAL - 12.0%     
Agriculture - 0.5%     
27,300   Altria Group Inc.    1,899,534 
87,148   Philip Morris International Inc.    15,458,312 
    Total Agriculture    17,357,846 
Beverages - 1.1%     
165,782   Coca-Cola Co.    13,098,436 
348,997   Keurig Dr Pepper Inc.    10,480,380 
123,714   Monster Beverage Corp.*    10,896,729 
22,191   PepsiCo Inc.    3,199,720 
    Total Beverages    37,675,265 
Biotechnology - 0.8%     
2,011   Alnylam Pharmaceuticals Inc.*    607,282 
15,702   Amgen Inc.    5,288,276 
83,883   Gilead Sciences Inc.    11,276,392 
17,045   Illumina Inc.*    2,777,653 
7,724   Regeneron Pharmaceuticals Inc.    4,748,561 
7,424   Vertex Pharmaceuticals Inc.*    3,322,537 
    Total Biotechnology    28,020,701 
Commercial Services - 0.5%     
6,536   Automatic Data Processing Inc.    1,449,946 
5,600   Cintas Corp.    959,056 
2,514   Moody’s Corp.    1,139,470 
15,089   PayPal Holdings Inc.    675,233 
4,912   S&P Global Inc.    2,082,688 
131,570   StoneCo Ltd., Class A Shares    1,506,476 
16,790   Toast Inc., Class A Shares*    437,044 
83,685   TransUnion    5,988,499 
22,309   Verisk Analytics Inc., Class A Shares    3,903,852 
    Total Commercial Services    18,142,264 
Cosmetics/Personal Care - 0.9%     
229,626   Colgate-Palmolive Co.    20,696,191 
77,300   Estee Lauder Cos., Inc., Class A Shares    6,875,835 
38,085   Procter & Gamble Co.    5,467,483 
    Total Cosmetics/Personal Care    33,039,509 
Food - 0.0%     
20,869   Mondelez International Inc., Class A Shares    1,276,557 
Healthcare-Products - 2.3%     
28,075   Abbott Laboratories    2,403,220 
71,564   Agilent Technologies Inc.    9,699,069 
67,004   Alcon AG    4,441,695 
23,920   Boston Scientific Corp.*    1,155,575 
10,153   Danaher Corp.    1,854,649 
85,716   Edwards Lifesciences Corp.*    7,411,863 
217,072   GE HealthCare Technologies Inc.    13,532,268 
16,232   IDEXX Laboratories Inc.*    9,147,219 
1,051   Insulet Corp.*    152,332 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Healthcare-Products - (continued)     
9,980   Intuitive Surgical Inc.*   $4,237,907 
81,084   Medtronic PLC    5,984,810 
5,570   Stryker Corp.    1,699,351 
33,425   Thermo Fisher Scientific Inc.    16,462,147 
20,194   West Pharmaceutical Services Inc.    6,518,825 
    Total Healthcare-Products    84,700,930 
Healthcare-Services - 2.3%     
4,248   Cigna Group    1,178,395 
40,703   Elevance Health Inc.    16,004,013 
2,606   HCA Healthcare Inc.    986,476 
92,937   Labcorp Holdings Inc.    24,169,196 
110,704   UnitedHealth Group Inc.    42,101,838 
    Total Healthcare-Services    84,439,918 
Household Products/Wares - 0.0%     
5,373   Kimberly-Clark Corp.    524,405 
Pharmaceuticals - 3.6%     
82,641   AbbVie Inc.    17,992,599 
90,767   Becton Dickinson & Co.    13,353,641 
173,022   Bristol-Myers Squibb Co.    9,893,398 
14,377   Cardinal Health Inc.    2,829,394 
11,226   Cencora Inc.    3,023,835 
20,300   CVS Health Corp.    1,846,894 
21,664   Eli Lilly & Co.    23,938,720 
21,259   Jazz Pharmaceuticals PLC*    5,027,541 
132,183   Johnson & Johnson    29,784,795 
2,003   McKesson Corp.    1,487,107 
40,277   Merck & Co., Inc.    4,781,686 
449,113   Pfizer Inc.    11,757,778 
47,961   Zoetis Inc., Class A Shares    3,726,090 
    Total Pharmaceuticals    129,443,478 
    TOTAL CONSUMER NON-CYCLICAL    434,620,873 
ENERGY - 2.4%     
Oil & Gas - 1.8%     
30,358   Chevron Corp.    5,539,121 
101,209   ConocoPhillips    11,535,802 
36,770   Diamondback Energy Inc.    7,040,720 
8,804   EOG Resources Inc.    1,174,277 
85,809   EQT Corp.    4,713,488 
68,401   Exxon Mobil Corp.    9,935,929 
25,719   Marathon Petroleum Corp.    6,398,116 
125,234   Occidental Petroleum Corp.    7,092,001 
46,021   Phillips 66    8,094,173 
14,587   Weatherford International PLC    1,511,797 
    Total Oil & Gas    63,035,424 
Oil & Gas Services - 0.6%     
391,325   SLB Ltd.    21,346,779 
Pipelines - 0.0%     
19,700   Williams Cos., Inc.    1,406,383 
    TOTAL ENERGY    85,788,586 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - 13.8%
Banks - 4.6%
106,278   Bank of America Corp.   $5,483,945 
35,775   Bank of New York Mellon Corp.    4,988,108 
133,024   Citigroup Inc.    16,747,722 
239,171   Fifth Third Bancorp    11,941,808 
8,555   First Citizens BancShares Inc., Class A Shares    17,028,813 
266,444   First Horizon Corp.    6,455,938 
14,749   Goldman Sachs Group Inc.    15,125,984 
140,814   JPMorgan Chase & Co.    42,147,038 
90,585   Morgan Stanley    18,841,680 
54,200   NU Holdings Ltd., Class A Shares*    711,646 
6,338   PNC Financial Services Group Inc.    1,401,459 
173,348   Truist Financial Corp.    8,357,107 
25,163   US Bancorp    1,380,190 
185,164   Wells Fargo & Co.    14,357,617 
    Total Banks    164,969,055 
Diversified Financial Services - 2.8%     
85,184   American Express Co.    26,958,180 
1,116   Ameriprise Financial Inc.    497,412 
6,800   Apollo Global Management Inc.    875,228 
2,467   Blackrock Inc.    2,582,653 
6,200   Brookfield Asset Management Ltd., Class A Shares    301,320 
45,176   Capital One Financial Corp.    8,489,926 
51,086   Charles Schwab Corp.    4,462,362 
5,835   CME Group Inc., Class A Shares    1,596,106 
6,900   Interactive Brokers Group Inc., Class A Shares    600,093 
9,195   Intercontinental Exchange Inc.    1,359,481 
64,351   Mastercard Inc., Class A Shares    31,788,107 
263,736   Rocket Cos., Inc., Class A Shares*    3,826,809 
33,970   Visa Inc., Class A Shares    11,086,449 
77,126   Voya Financial Inc.    6,264,174 
111,129   Western Union Co.    903,479 
    Total Diversified Financial Services    101,591,779 
Equity Real Estate Investment Trusts (REITs) - 1.0%     
7,611   American Tower Corp.    1,422,952 
1,598   Equinix Inc.    1,706,728 
139,026   Mid-America Apartment Communities Inc.    17,944,086 
15,063   Prologis Inc.    2,161,089 
2,558   Public Storage    776,839 
11,100   Welltower Inc.    2,279,163 
420,240   Weyerhaeuser Co.    10,300,082 
    Total Equity Real Estate Investment Trusts (REITs)    36,590,939 
Insurance - 5.1%     
7,600   Aflac Inc.    854,392 
127,959   American International Group Inc.    9,498,396 
31,183   Aon PLC, Class A Shares    9,855,699 
3,570   Arch Capital Group Ltd.*    318,944 
4,100   Arthur J Gallagher & Co.    824,551 
66,456   Assurant Inc.    16,538,905 
149,808   Berkshire Hathaway Inc., Class B Shares*    71,080,900 
38,607   Chubb Ltd.    12,034,960 
15,003   Fairfax Financial Holdings Ltd.    23,389,452 
35,733   Hartford Insurance Group Inc.    4,542,736 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Insurance - (continued)     
7,827   Marsh & McLennan Cos., Inc.   $1,252,085 
9,029   MetLife Inc.    746,608 
81,519   Progressive Corp.    15,521,218 
3,513   Travelers Cos., Inc.    1,025,410 
62,003   Willis Towers Watson PLC    15,480,289 
    Total Insurance    182,964,545 
Private Equity - 0.3%     
12,000   Blackstone Inc.    1,403,640 
199,392   Carlyle Group Inc.    9,058,379 
11,000   KKR & Co., Inc.    1,055,340 
    Total Private Equity    11,517,359 
    TOTAL FINANCIAL    497,633,677 
INDUSTRIAL - 9.2%     
Aerospace/Defense - 2.0%     
12,287   Boeing Co.*    2,840,140 
4,076   Curtiss-Wright Corp.    3,047,258 
4,088   General Dynamics Corp.    1,417,800 
75,225   General Electric Co.    24,354,846 
18,491   L3Harris Technologies Inc.    5,827,994 
20,360   Lockheed Martin Corp.    10,799,962 
2,160   Northrop Grumman Corp.    1,217,549 
45,935   RTX Corp.    8,252,682 
506,102   StandardAero Inc.*    14,494,761 
896   TransDigm Group Inc.    1,127,455 
    Total Aerospace/Defense    73,380,447 
Building Materials - 2.6%     
532,027   Amrize Ltd.    28,936,949 
45,456   Carlisle Cos., Inc.    15,673,683 
95,842   Carrier Global Corp.    6,121,429 
297,237   CRH PLC    32,336,413 
9,935   Johnson Controls International PLC    1,331,886 
10,007   Martin Marietta Materials Inc.    5,820,471 
7,833   Trane Technologies PLC    3,535,033 
    Total Building Materials    93,755,864 
Electrical Components & Equipment - 0.2%     
5,238   Acuity Inc.    1,598,166 
6,340   Eaton Corp. PLC    2,539,804 
9,087   Emerson Electric Co.    1,306,893 
    Total Electrical Components & Equipment    5,444,863 
Electronics - 0.8%     
81,421   Amphenol Corp., Class A Shares    12,112,188 
54,627   Honeywell International Inc.    12,993,578 
10,306   Hubbell Inc., Class B Shares    4,881,025 
    Total Electronics    29,986,791 
Environmental Control - 0.3%     
3,300   Republic Services Inc., Class A Shares    661,452 
104,551   Veralto Corp.    8,597,229 
6,021   Waste Management Inc.    1,273,200 
    Total Environmental Control    10,531,881 
Machinery-Construction & Mining - 0.9%     
7,493   Caterpillar Inc.    6,562,894 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Machinery-Construction & Mining - (continued)     
21,936   GE Vernova Inc.   $21,241,067 
10,729   Vertiv Holdings Co., Class A Shares    3,387,253 
    Total Machinery-Construction & Mining    31,191,214 
Machinery-Diversified - 0.8%     
35,220   Deere & Co.    19,095,580 
21,712   Dover Corp.    4,589,048 
33,667   Regal Rexnord Corp.    6,792,654 
    Total Machinery-Diversified    30,477,282 
Metal Fabricate/Hardware - 0.1%     
24,379   Mueller Industries Inc.    3,135,139 
Miscellaneous Manufacturers - 0.1%     
8,600   3M Co.    1,316,918 
4,694   Illinois Tool Works Inc.    1,160,732 
2,060   Parker-Hannifin Corp.    1,739,938 
    Total Miscellaneous Manufacturers    4,217,588 
Packaging & Containers - 0.3%     
57,664   Packaging Corp. of America    12,623,226 
Transportation - 1.1%     
49,011   CH Robinson Worldwide Inc.    8,755,815 
167,721   CSX Corp.    7,591,052 
19,841   FedEx Corp.    8,169,532 
3,649   Norfolk Southern Corp.    1,112,799 
50,170   Union Pacific Corp.    13,176,649 
11,879   United Parcel Service Inc., Class B Shares    1,267,371 
    Total Transportation    40,073,218 
    TOTAL INDUSTRIAL    334,817,513 
TECHNOLOGY - 29.8%     
Computers - 8.1%     
10,014   Accenture PLC, Class A Shares    1,873,319 
665,340   Apple Inc.    207,626,000 
28,547   CACI International Inc., Class A Shares*    14,659,170 
24,228   Crowdstrike Holdings Inc., Class A Shares*    17,710,668 
5,100   Dell Technologies Inc., Class C Shares    2,146,641 
7,890   EPAM Systems Inc.*    808,409 
22,092   Everpure Inc., Class A Shares*    1,756,535 
52,257   Fortinet Inc.*    7,209,898 
19,539   Gartner Inc.*    3,169,226 
59,047   International Business Machines Corp.    17,584,197 
15,110   NetApp Inc.    2,633,522 
11,378   Seagate Technology Holdings PLC    10,010,364 
9,345   Western Digital Corp.    4,964,158 
    Total Computers    292,152,107 
Semiconductors - 14.4%     
79,954   Advanced Micro Devices Inc.*    41,264,259 
7,914   Analog Devices Inc.    3,275,209 
54,083   Applied Materials Inc.    24,340,595 
253,139   Broadcom Inc.    113,094,911 
153,651   Intel Corp.*    17,620,697 
3,369   KLA Corp.    6,474,241 
23,833   Lam Research Corp.    7,583,184 
53,606   Marvell Technology Inc.    10,989,230 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
TECHNOLOGY - (continued)
Semiconductors - (continued)     
18,127   Micron Technology Inc.   $17,601,317 
1,121,966   NVIDIA Corp.    236,891,901 
40,290   QUALCOMM Inc.    10,113,596 
4,886   Teradyne Inc.    1,828,879 
96,137   Texas Instruments Inc.    29,387,158 
    Total Semiconductors    520,465,177 
Software - 7.3%     
22,896   Adobe Inc.*    5,934,872 
56,024   Akamai Technologies Inc.*    8,377,829 
36,237   Atlassian Corp., Class A Shares*    3,899,464 
7,012   Autodesk Inc.*    1,621,946 
4,410   Cadence Design Systems Inc.*    1,653,441 
18,418   Docusign Inc., Class A Shares*    967,313 
5,692   Duolingo Inc., Class A Shares*    633,861 
271,236   Fiserv Inc.*    15,341,108 
1,282   HubSpot Inc.*    282,848 
43,094   Intuit Inc.    14,286,954 
835   Magic Leap Inc., Series D, Private Placement*@(a)(b)    2,689 
354,346   Microsoft Corp.    159,540,743 
566   MongoDB Inc., Class A Shares*    189,921 
1,714   MSCI Inc., Class A Shares    1,082,185 
27,273   Oracle Corp.    6,157,698 
60,744   Palantir Technologies Inc., Class A Shares*    9,508,866 
1,757   Roper Technologies Inc.    571,956 
14,783   Salesforce Inc.    2,825,031 
92,993   ServiceNow Inc.*    11,565,539 
43,800   Snowflake Inc., Class A Shares*    11,193,090 
5,040   Strategy Inc., Class A Shares*    801,814 
3,087   Synopsys Inc.*    1,468,239 
1,110   Tyler Technologies Inc.*    347,596 
19,853   Veeva Systems Inc., Class A Shares*    3,461,172 
21,078   Workday Inc., Class A Shares*    3,081,393 
67,314   ZoomInfo Technologies Inc., Class A Shares*    224,156 
    Total Software    265,021,724 
    TOTAL TECHNOLOGY    1,077,639,008 
UTILITIES - 1.2%     
Electric - 1.2%     
8,665   American Electric Power Co., Inc.    1,097,595 
99,605   Constellation Energy Corp.    28,661,339 
13,705   Dominion Energy Inc.    917,413 
12,642   Duke Energy Corp.    1,551,553 
33,746   NextEra Energy Inc.    2,936,239 
41,687   NRG Energy Inc.    5,589,393 
10,606   Sempra    945,313 
17,877   Southern Co.    1,645,578 
    Total Electric    43,344,423 
    TOTAL UTILITIES    43,344,423 
 
 		  
 		  
 		 TOTAL COMMON STOCKS
(Cost - $2,475,196,157) 		 
 		  
 		  
3,363,194,207		  
 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (continued)
Shares/Units  Security  Value
EXCHANGE TRADED FUNDS (ETFs) - 6.2%     
52,320   iShares Semiconductor(c)   $29,774,265 
1,018,675   State Street SPDR Portfolio S&P 500    90,713,009 
1,153,641   Vanguard Mega Capital Growth    105,292,814 
 
 		  
 		  
 		 TOTAL EXCHANGE TRADED FUNDS (ETFs)
(Cost - $193,912,916) 		 
 		  
 		  
225,780,088		  
 
PREFERRED STOCKS - 0.0%     
INDUSTRIAL - 0.0%     
Machinery - 0.0%     
108,389   Nuro Inc., Series C, Private Placement*@(a)(b)    621,069 
26,242   Nuro Inc., Series D*@(a)(b)    185,531 
    Total Machinery    806,600 
    TOTAL INDUSTRIAL    806,600 
 
 		  
 		  
 		 TOTAL PREFERRED STOCKS
(Cost - $1,962,008) 		 
 		  
 		  
806,600		  
 
 
 		  
 		  
 		 TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS
(Cost - $2,671,071,081) 		 
 		  
 		  
3,589,780,895		  
 

Face Amount†		         
SHORT-TERM INVESTMENTS - 0.9%     
TIME DEPOSITS - 0.9%     
2,419CHF BNP Paribas SA - Paris, (0.460)% due 6/1/26    3,100 
    Citibank - London:     
95,638EUR 0.860% due 6/1/26    111,552 
4GBP 2.670% due 6/1/26    6 
95,619   Citibank - New York, 2.970% due 6/1/26    95,619 
19,907,404   JPMorgan Chase & Co. - New York, 2.970% due 6/1/26    19,907,404 
1,705   Skandinaviska Enskilda Banken AB - Stockholm, 2.970% due 6/1/26    1,705 
11,300,060   Sumitomo Mitsui Banking Corp. - Tokyo, 2.970% due 6/1/26    11,300,060 
 
 		  
 		  
 		 TOTAL TIME DEPOSITS
(Cost - $31,419,446) 		 
 		  
 		  
31,419,446		  
 

Shares/Units		         
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.8%
MONEY MARKET FUND - 0.8%     
30,037,700   Federated Government Obligations Fund, Premier Class, 3.548%(d)     
    (Cost - $30,037,700)    30,037,700 
 
 		  
 		  
 		 TOTAL INVESTMENTS - 100.9%
(Cost - $2,732,528,227) 		 
 		  
 		  
3,651,238,041		  
 
    Liabilities in Excess of Other Assets - (0.9)%    (33,267,762)
    TOTAL NET ASSETS - 100.0%   $3,617,970,279 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Large Cap Equity Fund (concluded)
     

 

† Face amount denominated in U.S. dollars, unless otherwise noted.
* Non-income producing security.
(a) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $31,275,759 and represents 0.86% of net assets.
(b) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(c) All or a portion of this security is on loan.
(d) Represents investment of collateral received from securities lending transactions.
@ Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.


Security  First
Acquisition
Date		   First
Acquisition
Cost		   Market
Value		   Percent of
Net Assets		 
Magic Leap Inc., Series D, Private Placement         10/12/2017  $406,053  $2,689   0.00%*
Nuro Inc., Series C, Private Placement         10/30/2020   940,662   621,069   0.02%
Nuro Inc., Series D         10/29/2021   547,033   185,531   0.00%*
          $809,289   0.02%

 

 

* Position represents less than 0.005%.

 

Abbreviations used in this schedule:
ADR — American Depositary Receipts
PLC — Public Limited Company
SPDR — Standard & Poor’s Depository Receipts

 

Summary of Investments by Security Sector^
Technology 29.5%
Communications 14.8 
Financial 13.6 
Consumer Non-cyclical 11.9 
Industrial 9.2 
Consumer Cyclical 8.2 
Energy 2.4 
Basic Materials 1.3 
Utilities 1.2 
Exchange Traded Funds (ETFs) 6.2 
Short-Term Investments 0.9 
Money Market Fund 0.8 
  100.0%

 

 

^ As a percentage of total investments.

 

At May 31, 2026, Destinations Large Cap Equity Fund had open exchange traded futures contracts as described below.

 

The unrealized appreciation on the open contracts was as follows:

 

Open Futures Contracts  Number of
Contracts		  Expiration
Date (Month/Year)		  Notional
Amounts		  Market Value  Unrealized Appreciation
Contracts to Buy:                         
S&P 500 E-mini Index June Futures    6    6 /26  $2,010,006   $2,278,725   $268,719 

 

At May 31, 2026, Destinations Large Cap Equity Fund had a payable to broker or brokers of $105,827 as margin collateral on open exchange traded futures contracts.

 

Currency Abbreviations used in this schedule:
CHF — Swiss Franc
EUR — Euro
GBP — British Pound
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund
Shares/Units  Security  Value
COMMON STOCKS - 94.3%
BASIC MATERIALS - 5.5%
Chemicals - 2.6%
641   AdvanSix Inc.  $14,384 
5,606   Albemarle Corp.   989,011 
1,025   American Vanguard Corp.*   2,644 
292   Ashland Inc.   16,907 
51,488   Axalta Coating Systems Ltd.*   1,584,286 
774   Balchem Corp.   121,309 
26,150   Cabot Corp.   2,288,386 
1,677   Calumet Inc.*   59,483 
561   Celanese Corp., Class A Shares   29,806 
9,786   CF Industries Holdings Inc.   1,099,457 
3,583   Chemours Co.   79,399 
1,788   Codexis Inc.*   4,953 
3,958   Dow Inc.   133,582 
2,382   DuPont de Nemours Inc.   115,336 
643   Eastman Chemical Co.   48,784 
33,313   Ecovyst Inc.*   439,398 
1,332   Element Solutions Inc.   56,517 
619   FMC Corp.   8,456 
469   Hawkins Inc.   72,587 
1,318   HB Fuller Co.   84,457 
946   Huntsman Corp.   14,521 
19,210   Ingevity Corp.*   1,302,822 
8,508   Innospec Inc.   705,654 
1,390   International Flavors & Fragrances Inc.   105,710 
12,605   Intrepid Potash Inc.*   492,477 
477   Koppers Holdings Inc.   19,462 
907   Kronos Worldwide Inc.   6,521 
1,465   LyondellBasell Industries NV, Class A Shares   97,642 
1,369   Mativ Holdings Inc.   12,157 
19,399   Methanex Corp.   1,146,481 
768   Minerals Technologies Inc.   59,151 
1,614   Mosaic Co.   38,575 
38   NewMarket Corp.   29,396 
225   Oil-Dri Corp. of America   17,249 
691   Olin Corp.   17,876 
1,426   Orion SA   10,895 
3,281   Perimeter Solutions Inc.*   105,911 
1,273   PPG Industries Inc.   143,824 
10,058   Qnity Electronics Inc.   1,569,048 
324   Quaker Chemical Corp.   46,504 
1,554   Rayonier Advanced Materials Inc.*   14,219 
15,655   Rogers Corp.*   2,215,496 
727   RPM International Inc.   77,040 
15,151   Sensient Technologies Corp.   1,724,941 
28,600   Solstice Advanced Materials Inc.   2,408,978 
559   Stepan Co.   29,543 
3,099   Tronox Holdings PLC   24,637 
103   Valhi Inc.   1,482 
197   Westlake Corp.   17,106 
    Total Chemicals   19,704,460 
Forest Products & Paper - 0.0%     
2,980   International Paper Co.   99,741 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
BASIC MATERIALS - (continued)
Forest Products & Paper - (continued)     
1,008   Magnera Corp.*  $11,461 
817   Sylvamo Corp.   32,083 
    Total Forest Products & Paper   143,285 
Iron/Steel - 0.8%     
10,558   Carpenter Technology Corp.   4,951,491 
3,024   Cleveland-Cliffs Inc.*   41,126 
2,626   Commercial Metals Co.   199,707 
240   Friedman Industries Inc.   5,611 
1,283   Nucor Corp.   320,750 
292   Reliance Inc.   111,185 
757   Steel Dynamics Inc.   196,934 
    Total Iron/Steel   5,826,804 
Mining - 2.1%     
17,793   Alcoa Corp.   1,381,448 
46,506   Almonty Industries Inc.*   914,308 
2,694   American Battery Technology Co.*   9,725 
2,800   Anglogold Ashanti PLC   271,152 
361   Caledonia Mining Corp. PLC   8,577 
22,980   Cameco Corp.   2,589,846 
383   Centrus Energy Corp., Class A Shares*   69,886 
1,348   Century Aluminum Co.*   88,928 
68,388   Coeur Mining Inc.   1,321,256 
744   Compass Minerals International Inc.*   23,748 
3,390   Constellium SE, Class A Shares*   116,141 
353   Contango Silver & Gold Inc.*(a)   7,099 
1,524   Critical Metals Corp.*(b)   17,069 
2,447   Dakota Gold Corp.*   14,095 
4,551   Encore Energy Corp.*   7,282 
24,803   Energy Fuels Inc.*   451,911 
3,607   Ferroglobe PLC   15,618 
22,339   Guardian Metal Resources PLC, ADR*   352,956 
14,989   Hecla Mining Co.   266,355 
26,837   IAMGOLD Corp.*   479,846 
442   Idaho Strategic Resources Inc.*   17,287 
42,351   Ivanhoe Electric Inc.*(a)   570,044 
413   Kaiser Aluminum Corp.   75,183 
1,514   Lifezone Metals Ltd.*   7,948 
20,589   MP Materials Corp.*   1,332,108 
169,141   NexGen Energy Ltd.*   1,955,270 
3,075   NioCorp Developments Ltd.*   17,743 
6,671   Novagold Resources Inc.*   57,170 
25,184   Perpetua Resources Corp.*   681,731 
474   Royal Gold Inc.   106,404 
4,801   SSR Mining Inc.*   149,887 
60,273   United States Antimony Corp.*(b)   541,252 
272   United States Lime & Minerals Inc.   31,005 
53,601   Uranium Energy Corp.*   738,086 
372   US Gold Corp.*   6,004 
22,510   USA Rare Earth Inc.*   630,505 
1,378   Vox Royalty Corp.(a)   8,048 
    Total Mining   15,332,921 
    TOTAL BASIC MATERIALS   41,007,470 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
COMMUNICATIONS - 4.8%
Advertising - 0.0%
133   Advantage Solutions Inc.*  $4,977 
554   Boston Omaha Corp., Class A Shares*   7,136 
1,720   National CineMedia Inc.   5,401 
1,156   Nexxen International Ltd., ADR*   9,710 
1,789   Omnicom Group Inc.   130,078 
2,762   Stagwell Inc., Class A Shares*   19,362 
650   TechTarget Inc.*   2,983 
2,364   Trade Desk Inc., Class A Shares*   50,968 
    Total Advertising   230,615 
Internet - 0.9%     
1,097   1-800-Flowers.com Inc., Class A Shares*   5,013 
989   Angi Inc., Class A Shares*   5,796 
346   AudioEye Inc.*   2,657 
1,452   Backblaze Inc., Class A Shares*   12,023 
130   BARK Inc.*   1,312 
1,568   Bed Bath & Beyond Inc.*   9,612 
1,595   Bumble Inc., Class A Shares*   5,056 
1,976   Cargurus Inc., Class A Shares*   59,003 
1,694   Cars.com Inc.*   17,414 
706   CDW Corp.   88,568 
1,345   Chewy Inc., Class A Shares*   30,316 
1,175   Cogent Communications Holdings Inc.   20,868 
7,272   Coupang Inc., Class A Shares*   120,715 
355   Crexendo Inc.*   3,507 
2,499   eBay Inc.   273,066 
40,515   Entravision Communications Corp., Class A Shares   367,876 
622   ePlus Inc.   51,060 
515   Etsy Inc.*   34,979 
609   EverQuote Inc., Class A Shares*   11,717 
647   Expedia Group Inc.   146,086 
322   F5 Inc.*   123,471 
52,094   Figs Inc., Class A Shares*   612,625 
652   fuboTV Inc., Class A Shares*(b)   6,579 
625   Gambling.com Group Ltd.*   1,487 
3,073   Gen Digital Inc.   79,253 
2,372   Getty Images Holdings Inc.*(b)   2,467 
746   GoDaddy Inc., Class A Shares*   64,029 
961   Grindr Inc.*   12,012 
696   Groupon Inc., Class A Shares*   14,080 
611   HealthStream Inc.   15,257 
4,945   Hims & Hers Health Inc.*(b)   129,312 
430   IAC Inc.*   19,303 
362   Lands’ End Inc.*   4,253 
515   Liquidity Services Inc.*   18,648 
2,123   Lyft Inc., Class A Shares*   29,956 
3,372   Magnite Inc.*   48,321 
922   Maplebear Inc.*   36,696 
1,238   Match Group Inc.   44,729 
725   MediaAlpha Inc., Class A Shares*   6,452 
1,111   Nerdy Inc.*   914 
1,120   Newsmax Inc., Class B Shares*   9,531 
5,858   Nextdoor Holdings Inc.*   12,360 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
COMMUNICATIONS - (continued)
Internet - (continued)     
2,424   Open Lending Corp.*  $5,527 
581   OptimizeRx Corp.*   3,015 
118   Phoenix Education Partners Inc.   3,568 
3,377   Pinterest Inc., Class A Shares*   67,709 
1,467   Q2 Holdings Inc.*   69,462 
1,358   QuinStreet Inc.*   17,002 
45,270   RealReal Inc.*   436,403 
733   Reddit Inc., Class A Shares*   129,008 
1,036   Revolve Group Inc., Class A Shares*   20,306 
4,210   Robinhood Markets Inc., Class A Shares*   397,003 
699   Roku Inc., Class A Shares*   90,996 
2,282   Rumble Inc.*(b)   20,972 
1,396   Serve Robotics Inc.*(b)   13,053 
632   Shutterstock Inc.   9,410 
2,548   Sprinklr Inc., Class A Shares*   14,218 
2,392   Stitch Fix Inc., Class A Shares*   8,516 
2,755   TripAdvisor Inc.*   30,801 
864   Trump Media & Technology Group Corp.*   8,044 
182   Tucows Inc., Class A Shares*(a)   2,759 
2,992   Upwork Inc.*   26,389 
8,620   VeriSign Inc.   2,459,976 
124   Vivid Seats Inc., Class A Shares*   1,075 
547   Wayfair Inc., Class A Shares*   39,526 
1,476   Yelp Inc., Class A Shares*   33,653 
1,001   Ziff Davis Inc.*   45,115 
288   Zillow Group Inc., Class A Shares*   10,184 
832   Zillow Group Inc., Class C Shares*   29,120 
1,692   ZipRecruiter Inc., Class A Shares*   5,482 
    Total Internet   6,556,671 
Media - 0.2%         
1,186   AMC Global Media Inc., Class A Shares*   11,528 
149   Cable One Inc.*   7,830 
454   Charter Communications Inc., Class A Shares*   65,399 
1,107   CuriosityStream Inc.   3,166 
3,255   EchoStar Corp., Class A Shares*(b)   420,513 
1,114   EW Scripps Co., Class A Shares*   3,776 
196   FactSet Research Systems Inc.   48,112 
1,104   Fox Corp., Class A Shares   70,568 
790   Fox Corp., Class B Shares   45,338 
2,846   Gray Media Inc.   11,412 
2,903   iHeartMedia Inc., Class A Shares*   12,512 
83   Liberty Broadband Corp., Class A Shares*   2,804 
572   Liberty Broadband Corp., Class C Shares*   19,311 
954   Liberty Global Ltd., Class A Shares*   11,935 
921   Liberty Global Ltd., Class C Shares*   11,199 
626   Liberty Latin America Ltd., Class A Shares*   5,052 
3,363   Liberty Latin America Ltd., Class C Shares*   27,577 
920   New York Times Co., Class A Shares   69,193 
2,118   News Corp., Class A Shares   55,280 
654   News Corp., Class B Shares   19,502 
140   Nexstar Media Group Inc., Class A Shares   24,980 
7,696   Optimum Communications Inc., Class A Shares*   5,066 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
COMMUNICATIONS - (continued)
Media - (continued)     
544   Scholastic Corp.(b)  $22,032 
1,034   Sinclair Inc.   14,300 
938   Sirius XM Holdings Inc.   27,690 
644   Sphere Entertainment Co.*   89,181 
1,126   Thryv Holdings Inc.*   4,369 
3,430   USA TODAY Co., Inc.*   26,788 
12,945   Warner Bros Discovery Inc.*   349,644 
    Total Media   1,486,057 
Telecommunications - 3.7%     
1,822   A10 Networks Inc.   54,915 
2,127   ADTRAN Holdings Inc.*   35,202 
233   Anterix Inc.*   14,917 
25,916   Applied Digital Corp.*   1,225,309 
7,943   AST SpaceMobile Inc., Class A Shares*   900,816 
236   ATN International Inc.   6,646 
435   Aviat Networks Inc.*   7,730 
92   BK Technologies Corp.*   7,595 
27,652   BlackSky Technology Inc., Class A Shares*   1,340,292 
1,418   Calix Inc.*   56,366 
786   Ciena Corp.*   456,061 
287   Clearfield Inc.*   13,552 
13,225   Corning Inc.   2,395,841 
23,151   Credo Technology Group Holding Ltd.*   5,464,331 
3,334   Extreme Networks Inc.*   88,384 
18,631   Frequency Electronics Inc.*   1,413,720 
1,182   Globalstar Inc.*   99,536 
1,939   Gogo Inc.*   8,861 
187,305   Harmonic Inc.*   2,830,179 
387   IDT Corp., Class B Shares   21,347 
453   Inseego Corp.*   5,943 
4,281   InterDigital Inc.   1,079,197 
454   Iridium Communications Inc.   23,508 
16   Liberty Capital Corp., Class A Shares*   357 
165   Liberty Capital Corp., Class C Shares*   3,691 
56,427   LightPath Technologies Inc., Class A Shares*   958,130 
22,491   Lumen Technologies Inc.*   247,176 
553   Millicom International Cellular SA   47,204 
700   NETGEAR Inc.*   18,193 
129,677   Nokia OYJ, ADR   1,924,407 
563   Ooma Inc.*   9,937 
2,552   Powerfleet Inc. NJ*   9,978 
54   Preformed Line Products Co.   19,970 
2,118   Ribbon Communications Inc.*   6,523 
2,250   Satellogic Inc., Class A Shares*   21,398 
1,155   Shenandoah Telecommunications Co.   18,422 
397   Spok Holdings Inc.   4,204 
2,366   Telephone & Data Systems Inc.   92,534 
24   Ubiquiti Inc.   14,013 
3,734   Uniti Group Inc.*   41,895 
2,975   Viasat Inc.*   239,845 
133,582   Viavi Solutions Inc.*   6,486,742 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
COMMUNICATIONS - (continued)
Telecommunications - (continued)     
5,189   Vistance Networks Inc.*  $64,759 
    Total Telecommunications   27,779,626 
    TOTAL COMMUNICATIONS   36,052,969 
CONSUMER CYCLICAL - 9.0%     
Airlines - 0.5%     
614   Alaska Air Group Inc.*   28,256 
559   Allegiant Travel Co.*   51,210 
3,651   American Airlines Group Inc.*   53,451 
3,688   Delta Air Lines Inc.   304,186 
2,391   Frontier Group Holdings Inc.*   14,466 
7,048   JetBlue Airways Corp.*   38,553 
960   SkyWest Inc.*   82,224 
62,032   Southwest Airlines Co.   2,664,274 
1,809   United Airlines Holdings Inc.*   207,673 
    Total Airlines   3,444,293 
Apparel - 0.9%     
298   Birkenstock Holding PLC*(b)   13,431 
2,777   Capri Holdings Ltd.*   51,402 
831   Carter’s Inc.   32,068 
188   Columbia Sportswear Co.   12,442 
272   Crocs Inc.*   32,278 
777   Deckers Outdoor Corp.*   88,461 
1,820   Ermenegildo Zegna NV   26,754 
36,200   Gildan Activewear Inc., Class A Shares   2,207,476 
1,369   Kontoor Brands Inc.   98,253 
317   Lakeland Industries Inc.   3,430 
1,306   On Holding AG, Class A Shares*   53,311 
382   Oxford Industries Inc.   17,045 
256   PVH Corp.   23,880 
212   Ralph Lauren Corp., Class A Shares   77,147 
153   Rocky Brands Inc.   5,915 
34,527   Steven Madden Ltd.   1,499,853 
552   Superior Group of Cos., Inc.   7,060 
16,119   Tapestry Inc.   2,344,670 
683   Torrid Holdings Inc.*   1,093 
950   Under Armour Inc., Class A Shares*   5,576 
948   Under Armour Inc., Class C Shares*   5,432 
2,095   VF Corp.   35,992 
202   Weyco Group Inc.   7,129 
1,960   Wolverine World Wide Inc.   34,398 
    Total Apparel   6,684,496 
Auto Manufacturers - 0.4%     
752   Blue Bird Corp.*   50,963 
765   Cummins Inc.   494,672 
2,865   Faraday Future Intelligent Electric Inc.*   1,042 
151,698   Ford Motor Co.   2,645,613 
5,001   Hyliion Holdings Corp.*   34,957 
654   Lucid Group Inc.*(b)   4,284 
4,204   Rivian Automotive Inc., Class A Shares*   68,525 
1,100   Wabash National Corp.   8,723 
    Total Auto Manufacturers   3,308,779 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER CYCLICAL - (continued)
Auto Parts & Equipment - 0.9%     
1,999   Adient PLC*  $45,697 
873   Aeva Technologies Inc.*(b)   24,601 
7,029   Allison Transmission Holdings Inc.   798,002 
1,178   Aptiv PLC*   80,033 
5,928   Aurora Innovation Inc., Class A Shares*   43,512 
22,717   BorgWarner Inc.   1,631,535 
506   Cooper-Standard Holdings Inc.*   15,347 
2,776   Dana Inc.   98,298 
32,696   Dauch Corp.*   217,101 
17,276   Dorman Products Inc.*   2,140,842 
544   Douglas Dynamics Inc.   24,235 
1,105   Fox Factory Holding Corp.*   19,934 
4,216   Garrett Motion Inc.   138,116 
49,336   Gentex Corp.   1,191,958 
817   Gentherm Inc.*   28,342 
6,271   Goodyear Tire & Rubber Co.*   38,253 
958   Holley Inc.*   2,615 
5,337   indie Semiconductor Inc., Class A Shares*(b)   26,632 
266   Lear Corp.   38,070 
1,230   Methode Electronics Inc.   14,194 
5,712   Microvast Holdings Inc.*   8,854 
270   Miller Industries Inc.   12,936 
323   Motorcar Parts of America Inc.*   3,572 
937   Phinia Inc.   72,393 
2,174   QuantumScape Corp., Class A Shares*   19,523 
2,971   Solid Power Inc.*   9,834 
522   Standard Motor Products Inc.   20,457 
128   Strattec Security Corp.*   10,235 
1,165   Titan International Inc.*   8,411 
392   Versigent PLC*   17,295 
659   Visteon Corp.   77,953 
633   XPEL Inc.*   28,941 
    Total Auto Parts & Equipment   6,907,721 
Distribution/Wholesale - 0.4%     
1,063   Core & Main Inc., Class A Shares*   52,565 
117   EVI Industries Inc.   2,043 
6,380   Fastenal Co.   281,996 
863   G-III Apparel Group Ltd.   27,901 
349   Global Industrial Co.   10,610 
451   Gold.com Inc.   19,082 
799   Hudson Technologies Inc.*   4,251 
1,451   LKQ Corp.   39,351 
23,245   OPENLANE Inc.*   885,634 
183   Pool Corp.   33,196 
1,053   RB Global Inc.   111,987 
3,045   Resideo Technologies Inc.*   95,217 
1,508   Rush Enterprises Inc., Class A Shares   104,550 
207   Rush Enterprises Inc., Class B Shares   13,434 
503   ScanSource Inc.*   23,274 
221   SiteOne Landscape Supply Inc.*   24,001 
2,162   ThredUp Inc., Class A Shares*   10,053 
475   Titan Machinery Inc.*   10,364 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER CYCLICAL - (continued)
Distribution/Wholesale - (continued)     
2,024   VSE Corp.  $374,744 
199   Watsco Inc.   73,053 
267   WESCO International Inc.   96,432 
246   WW Grainger Inc.   303,623 
    Total Distribution/Wholesale   2,597,361 
Entertainment - 0.9%     
1,269   Accel Entertainment Inc., Class A Shares*   15,088 
11,090   AMC Entertainment Holdings Inc., Class A Shares*   19,186 
238   Atlanta Braves Holdings Inc., Class A Shares*   12,757 
1,102   Atlanta Braves Holdings Inc., Class C Shares*   54,659 
229   Bally’s Corp.*   3,247 
2,659   Brightstar Lottery PLC   29,861 
1,035   Caesars Entertainment Inc.*   30,067 
327   Churchill Downs Inc.   28,518 
2,565   Cinemark Holdings Inc.   71,820 
2,571   DraftKings Inc., Class A Shares*   62,964 
414   Falcon’s Beyond Global Inc., Class A Shares*   6,417 
878   Flutter Entertainment PLC*   85,148 
14,868   IMAX Corp.*   589,962 
394   Inspired Entertainment Inc.*   3,034 
107   Liberty Live Holdings Inc., Class A Shares*   10,306 
263   Liberty Live Holdings Inc., Class C Shares*   26,063 
126   Liberty Media Corp. Liberty Formula One, Class A Shares*   10,582 
1,149   Liberty Media Corp. Liberty Formula One, Class C Shares*   104,318 
4,889   Lionsgate Studios Corp.*   70,157 
899   Live Nation Entertainment Inc.*   151,401 
941   Madison Square Garden Entertainment Corp., Class A Shares*   66,369 
90   Madison Square Garden Sports Corp., Class A Shares*   33,686 
678   Marriott Vacations Worldwide Corp.   57,549 
329   Monarch Casino & Resort Inc.   39,566 
859   Penn Entertainment Inc.*   16,175 
515   Pursuit Attractions & Hospitality Inc.*   23,057 
291   RCI Hospitality Holdings Inc.   7,383 
1,171   Red Rock Resorts Inc., Class A Shares   68,363 
492   Reservoir Media Inc.*   5,077 
35,530   Rush Street Interactive Inc., Class A Shares*   900,330 
2,308   Six Flags Entertainment Corp.*   48,491 
317   Starz Entertainment Corp.*   7,411 
4,047   Super Group SGHC Ltd.   50,385 
17,579   TKO Group Holdings Inc., Class A Shares   3,606,859 
638   United Parks & Resorts Inc.*   25,603 
179   Vail Resorts Inc.(b)   23,914 
436   Webtoon Entertainment Inc.*(b)   5,358 
    Total Entertainment   6,371,131 
Food Service - 0.0%     
1,493   Aramark   79,696 
Home Builders - 0.5%     
756   Beazer Homes USA Inc.*   19,195 
190   Cavco Industries Inc.*   101,939 
635   Century Communities Inc.   33,541 
1,327   Champion Homes Inc.*   97,707 
1,454   DR Horton Inc.   213,869 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER CYCLICAL - (continued)
Home Builders - (continued)     
683   Dream Finders Homes Inc., Class A Shares*  $10,559 
440   Forestar Group Inc.*   12,087 
742   Green Brick Partners Inc.*   49,907 
127   Hovnanian Enterprises Inc., Class A Shares*   14,016 
9,794   Installed Building Products Inc.   2,056,544 
1,489   KB Home   72,752 
590   LCI Industries   64,322 
1,138   Lennar Corp., Class A Shares   102,170 
38   Lennar Corp., Class B Shares(b)   3,347 
551   LGI Homes Inc.*   26,343 
635   M/I Homes Inc.*   83,579 
1,642   Meritage Homes Corp.   107,124 
15   NVR Inc.*   91,572 
1,067   PulteGroup Inc.   126,098 
2,279   Taylor Morrison Home Corp., Class A Shares*   133,321 
301   Thor Industries Inc.   23,803 
506   Toll Brothers Inc.   70,101 
741   Winnebago Industries Inc.   22,000 
    Total Home Builders   3,535,896 
Home Furnishings - 0.5%     
46,459   Alliance Laundry Holdings Inc.*   1,173,090 
1,228   Arhaus Inc., Class A Shares   8,314 
939   Daktronics Inc.*   19,419 
342   Dolby Laboratories Inc., Class A Shares   19,087 
554   Ethan Allen Interiors Inc.   11,423 
93   Flexsteel Industries Inc.   5,359 
224   Hamilton Beach Brands Holding Co., Class A Shares   4,547 
3,131   Leggett & Platt Inc.   32,155 
309   Lovesac Co.*   4,752 
1,825   MillerKnoll Inc.   29,529 
446   SharkNinja Inc.*   54,363 
471   Sleep Number Corp.*   560 
29,609   Somnigroup International Inc.   2,096,613 
2,861   Sonos Inc.*   45,147 
40   Traeger Inc.*   2,782 
313   Whirlpool Corp.(b)   13,590 
1,443   Xperi Inc.*   11,472 
    Total Home Furnishings   3,532,202 
Housewares - 0.0%     
216   Central Garden & Pet Co.*   8,312 
1,176   Central Garden & Pet Co., Class A Shares*   40,137 
2,321   Newell Brands Inc.   7,891 
246   Scotts Miracle-Gro Co.   14,514 
    Total Housewares   70,854 
Leisure Time - 0.7%     
672   Acushnet Holdings Corp.   59,660 
746   Amer Sports Inc.*   26,543 
423   American Outdoor Brands Inc.*   4,287 
400   Brunswick Corp.   33,504 
3,112   Callaway Golf Co.*   47,925 
7,125   Carnival Corp., Ltd.   199,927 
535   Clarus Corp.   1,640 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER CYCLICAL - (continued)
Leisure Time - (continued)     
175   Escalade Inc.  $3,285 
3,078   Global Business Travel Group I*   28,749 
704   Harley-Davidson Inc.   17,023 
98   Johnson Outdoors Inc., Class A Shares   4,386 
29,406   Life Time Group Holdings Inc.*   972,750 
30,316   Lindblad Expeditions Holdings Inc.*   695,752 
1,183   Livewire Group Inc.*   1,668 
517   Malibu Boats Inc., Class A Shares*   14,197 
456   MasterCraft Boat Holdings Inc.*   10,620 
2,437   Norwegian Cruise Line Holdings Ltd.*   44,695 
2,259   OneSpaWorld Holdings Ltd.   53,651 
782   Patrick Industries Inc.   70,787 
9,545   Peloton Interactive Inc., Class A Shares*   61,088 
470   Planet Fitness Inc., Class A Shares*   25,150 
1,276   Polaris Inc.   90,047 
1,408   Royal Caribbean Cruises Ltd.   400,759 
9,739   Sabre Corp.*   17,141 
17,156   Viking Holdings Ltd.*   1,580,239 
554   Xponential Fitness Inc., Class A Shares*   3,041 
20,880   YETI Holdings Inc.*   1,001,614 
    Total Leisure Time   5,470,128 
Lodging - 0.1%     
288   Boyd Gaming Corp.   23,812 
157   Choice Hotels International Inc.(b)   17,094 
1,469   Hilton Grand Vacations Inc.*   76,418 
1,276   Hilton Worldwide Holdings Inc.   418,094 
201   Hyatt Hotels Corp., Class A Shares   36,454 
1,646   Las Vegas Sands Corp.   83,238 
630   Marcus Corp.   11,913 
1,036   MGM Resorts International*   45,242 
385   Travel + Leisure Co.   26,180 
381   Wyndham Hotels & Resorts Inc.   30,579 
424   Wynn Resorts Ltd.   42,917 
    Total Lodging   811,941 
Office Furnishings - 0.0%     
1,720   HNI Corp.   53,647 
1,472   Interface Inc., Class A Shares   43,571 
491   Virco Mfg. Corp.   2,961 
    Total Office Furnishings   100,179 
Retail - 3.2%     
1,098   Abercrombie & Fitch Co., Class A Shares*   84,788 
1,596   Academy Sports & Outdoors Inc.   84,269 
1,443   Advance Auto Parts Inc.   86,926 
3,761   American Eagle Outfitters Inc.   59,424 
226   America’s Car-Mart Inc.*   2,777 
1,938   Arko Corp.   15,039 
476   Asbury Automotive Group Inc.*   89,350 
148   AutoNation Inc.*   27,783 
519   Barnes & Noble Education Inc.*   5,377 
280   Bassett Furniture Industries Inc.   4,189 
1,073   Bath & Body Works Inc.   21,481 
1,107   Best Buy Co., Inc.   86,291 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER CYCLICAL - (continued)
Retail - (continued)     
18   Biglari Holdings Inc., Class B Shares*  $5,229 
453   BJ’s Restaurants Inc.*   21,314 
746   BJ’s Wholesale Club Holdings Inc.*   63,619 
386   Black Rock Coffee Bar Inc., Class A Shares*   3,211 
2,052   Bloomin’ Brands Inc.   17,319 
212   BlueLinx Holdings Inc.*   11,022 
725   Boot Barn Holdings Inc.*   123,156 
1,044   Brinker International Inc.*   148,645 
803   Buckle Inc.   36,834 
337   Build-A-Bear Workshop Inc.   12,540 
3,573   Burlington Stores Inc.*   1,157,045 
878   Caleres Inc.   12,784 
1,520   Camping World Holdings Inc., Class A Shares   11,142 
778   CarMax Inc.*   34,714 
3,755   Carvana Co., Class A Shares*   274,115 
2,486   Casey’s General Stores Inc.   1,907,110 
11,480   Cava Group Inc.*   891,537 
13,140   Cheesecake Factory Inc.   867,766 
113   Citi Trends Inc.*   5,199 
4,002   Clean Energy Fuels Corp.*   8,164 
569   Cracker Barrel Old Country Store Inc.(b)   19,244 
638   Darden Restaurants Inc.   130,095 
624   Dave & Buster’s Entertainment Inc.*   8,343 
788   Designer Brands Inc., Class A Shares   6,083 
11,239   Dick’s Sporting Goods Inc.   2,557,659 
16   Dillard’s Inc., Class A Shares   9,443 
347   Dine Brands Global Inc.   10,889 
1,225   Dollar General Corp.   135,497 
1,049   Dollar Tree Inc.*   122,146 
163   Domino’s Pizza Inc.   50,624 
648   Dutch Bros Inc., Class A Shares*   37,584 
562   El Pollo Loco Holdings Inc.*   8,357 
158   Envela Corp.*   4,023 
3,770   EVgo Inc., Class A Shares*   8,369 
10,579   Ferguson Enterprises Inc.   2,390,537 
1,133   First Watch Restaurant Group Inc.*   13,177 
5,068   FirstCash Holdings Inc.   1,114,504 
6,743   Five Below Inc.*   1,533,088 
540   Floor & Decor Holdings Inc., Class A Shares*   27,756 
277   Freshpet Inc.*   14,293 
2,196   GameStop Corp., Class A Shares*   46,511 
1,173   Gap Inc.   24,809 
285   Genesco Inc.*   10,935 
736   Genuine Parts Co.   72,643 
6,301   Group 1 Automotive Inc.   1,993,258 
271   Haverty Furniture Cos., Inc.   6,284 
80   J Jill Inc.   1,014 
503   Jack in the Box Inc.*   6,262 
2,653   Kohl’s Corp.   38,097 
2,191   Krispy Kreme Inc.*   7,712 
139   Kura Sushi USA Inc., Class A Shares*   7,810 
1,108   La-Z-Boy Inc.   41,639 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER CYCLICAL - (continued)
Retail - (continued)     
130   Lithia Motors Inc., Class A Shares  $37,816 
571   Lululemon Athletica Inc.*   74,904 
1,601   Macy’s Inc.   34,838 
518   MarineMax Inc.*   17,840 
361   Movado Group Inc.   13,819 
266   MSC Industrial Direct Co., Inc., Class A Shares   29,119 
2,420   Murphy USA Inc.   1,224,593 
1,854   National Vision Holdings Inc.*   31,054 
1,123   Nu Skin Enterprises Inc., Class A Shares   6,502 
310   Ollie’s Bargain Outlet Holdings Inc.*   25,305 
494   OneWater Marine Inc., Class A Shares*   5,439 
873   Papa John’s International Inc.   29,865 
291   PC Connection Inc.   20,251 
105   Penske Automotive Group Inc.   17,574 
1,883   Petco Health & Wellness Co., Inc., Class A Shares*   5,668 
1,650   Portillo’s Inc., Class A Shares*   7,078 
616   PriceSmart Inc.   104,714 
3,657   QXO Inc.*(b)   63,083 
1,893   Restaurant Brands International Inc.   141,407 
88   RH*   13,067 
5,452   Ross Stores Inc.   1,263,392 
2,681   Sally Beauty Holdings Inc.*   35,604 
934   Savers Value Village Inc.*   8,359 
942   Shake Shack Inc., Class A Shares*   60,580 
442   Shoe Carnival Inc.   7,823 
940   Signet Jewelers Ltd.   82,147 
369   Sonic Automotive Inc., Class A Shares   30,487 
2,445   Sweetgreen Inc., Class A Shares*   24,352 
380   Texas Roadhouse Inc., Class A Shares   68,636 
2,955   Tractor Supply Co.   93,171 
251   Ulta Beauty Inc.*   127,721 
16,079   Urban Outfitters Inc.*   1,168,139 
1,700   Victoria’s Secret & Co.*   93,500 
2,345   Warby Parker Inc., Class A Shares*   57,499 
992   Wendy’s Co.(b)   7,638 
638   Williams-Sonoma Inc.   129,878 
141   Wingstop Inc.   22,131 
75   Winmark Corp.   28,393 
13,457   Yum! Brands Inc.   1,990,963 
348   Zumiez Inc.*   8,571 
    Total Retail   23,851,764 
Textiles - 0.0%     
362   UniFirst Corp.   96,082 
Toys/Games/Hobbies - 0.0%     
720   Funko Inc., Class A Shares*   4,089 
758   Hasbro Inc.   65,317 
154   JAKKS Pacific Inc.   3,402 
1,615   Mattel Inc.*   24,128 
    Total Toys/Games/Hobbies   96,936 
    TOTAL CONSUMER CYCLICAL   66,959,459 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - 16.8%
Agriculture - 0.4%
131   Alico Inc.   $5,325 
769   Andersons Inc.    54,284 
2,657   Archer-Daniels-Midland Co.    211,975 
16,543   Bunge Global SA    2,039,752 
899   Darling Ingredients Inc.*    53,131 
1,593   Dole PLC    22,286 
871   Fresh Del Monte Produce Inc.    27,994 
391   Ispire Technology Inc.*    708 
392   Limoneira Co.    4,986 
464   Tejon Ranch Co.*    8,969 
3,261   Turning Point Brands Inc.    276,957 
623   Universal Corp.    32,315 
931   Vital Farms Inc.*    9,319 
    Total Agriculture    2,748,001 
Beverages - 0.5%     
50   Boston Beer Co., Inc., Class A Shares*    8,864 
2,109   BRC Inc., Class A Shares*    3,459 
240   Brown-Forman Corp., Class A Shares    6,415 
726   Brown-Forman Corp., Class B Shares    18,673 
831   Celsius Holdings Inc.*    27,647 
315   Coca-Cola Consolidated Inc.    54,577 
16,577   Constellation Brands Inc., Class A Shares    2,301,219 
8,105   MGP Ingredients Inc.    143,053 
953   Molson Coors Beverage Co., Class B Shares    37,672 
605   National Beverage Corp.*    22,379 
1,298   Primo Brands Corp., Class A Shares    32,190 
9,892   Suja Life Inc., Class A Shares*    152,634 
13,557   Vita Coco Co., Inc.*    1,018,537 
1,130   Westrock Coffee Co.*    9,074 
774   Zevia PBC, Class A Shares*    1,200 
    Total Beverages    3,837,593 
Biotechnology - 6.5%     
976   4D Molecular Therapeutics Inc.*    9,672 
40,673   AbCellera Biologics Inc.*(b)    250,952 
1,404   Abeona Therapeutics Inc.*    8,115 
3,065   Absci Corp.*    20,689 
2,984   ACADIA Pharmaceuticals Inc.*    64,633 
3,124   ADC Therapeutics SA*    10,622 
5,598   ADMA Biologics Inc.*    44,672 
1,685   Akero Therapeutics Inc.*(a)(c)    1,095 
488   Aktis Oncology Inc.*    10,121 
1,104   Aldeyra Therapeutics Inc.*    1,932 
2,403   Alector Inc.*    5,190 
3,487   Allogene Therapeutics Inc.*    7,567 
4,006   Alnylam Pharmaceuticals Inc.*    1,209,732 
1,655   Altimmune Inc.*    5,048 
1,626   Alumis Inc.*    35,122 
421   AnaptysBio Inc.*    23,437 
2,026   Anavex Life Sciences Corp.*    6,139 
3,670   ANI Pharmaceuticals Inc.*    288,132 
3,027   Annexon Inc.*    16,406 
585   Apellis Pharmaceuticals Inc.*(a)(c)    18 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Biotechnology - (continued)     
30,716   Apogee Therapeutics Inc.*   $2,523,012 
3,443   Arbutus Biopharma Corp.*    15,700 
876   Arcellx Inc.*(a)(c)    61 
525   Arcturus Therapeutics Holdings Inc.*    4,158 
2,015   Arcus Biosciences Inc.*    51,060 
23,843   Arcutis Biotherapeutics Inc.*    511,671 
6,049   Ardelyx Inc.*    36,536 
714   ArriVent Biopharma Inc.*    21,613 
21,134   Arrowhead Pharmaceuticals Inc.*    1,646,550 
1,557   ARS Pharmaceuticals Inc.*    14,122 
1,524   Atea Pharmaceuticals Inc.*    7,117 
1,446   Aura Biosciences Inc.*    10,802 
2,711   Aurinia Pharmaceuticals Inc.*    41,560 
4,962   Axsome Therapeutics Inc.*    1,163,490 
2,416   Beam Therapeutics Inc.*    79,559 
493   Benitec Biopharma Inc.*    5,699 
982   Bicara Therapeutics Inc.*    21,358 
883   BioAge Labs Inc.*    15,267 
5,530   BioCryst Pharmaceuticals Inc.*    49,272 
829   Biogen Inc.*    162,484 
2,967   Biohaven Ltd.*    32,667 
1,057   BioMarin Pharmaceutical Inc.*    60,556 
115   Bio-Rad Laboratories Inc., Class A Shares*    35,935 
3,740   Bridgebio Pharma Inc.*    247,812 
7,015   Bright Minds Biosciences Inc.*(a)    617,811 
1,034   Capricor Therapeutics Inc.*    30,979 
1,935   Cardiff Oncology Inc.*(b)    3,676 
326   Cartesian Therapeutics Inc.*    2,458 
11,372   Celcuity Inc.*    1,511,111 
1,800   Celldex Therapeutics Inc.*    56,574 
921   Certara Inc.*    5,360 
1,359   CG oncology Inc.*    84,652 
3,391   Cogent Biosciences Inc.*    118,549 
3,209   Compass Therapeutics Inc.*    7,637 
1,073   Contra Alimera Science*(a)(c)    43 
3,802   Corteva Inc.    297,621 
105,568   Crinetics Pharmaceuticals Inc.*    3,752,942 
2,204   CRISPR Therapeutics AG*    123,821 
1,309   Cullinan Therapeutics Inc.*    21,520 
3,278   Cytek Biosciences Inc.*    13,735 
3,094   Cytokinetics Inc.*    237,495 
53,219   Definium Therapeutics Inc.*    1,287,368 
3,311   Denali Therapeutics Inc.*    69,663 
22,893   Design Therapeutics Inc.*    239,919 
648   DiaMedica Therapeutics Inc.*    3,882 
851   Dianthus Therapeutics Inc.*    79,152 
626   Disc Medicine Inc., Class A Shares*    43,551 
3,035   Dyne Therapeutics Inc.*    58,667 
32,107   Edgewise Therapeutics Inc.*    1,096,775 
2,959   Editas Medicine Inc.*    10,238 
2,075   Eledon Pharmaceuticals Inc.*    7,906 
1,657   Emergent BioSolutions Inc.*    15,112 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Biotechnology - (continued)     
543   Entrada Therapeutics Inc.*   $3,839 
4,782   Erasca Inc.*    61,401 
6,257   Esperion Therapeutics Inc.*    19,584 
1,358   Evolus Inc.*    8,908 
248   Evommune Inc.*    5,761 
27,698   Exelixis Inc.*    1,398,195 
1,885   EyePoint Inc.*    25,598 
3,093   Fate Therapeutics Inc.*    8,784 
421   First Tracks Biotherapeutics Inc.*    6,719 
15,412   Geron Corp.*    19,265 
6,117   Gossamer Bio Inc.*(b)    1,412 
151   Greenwich Lifesciences Inc.*(b)    3,952 
616   Halozyme Therapeutics Inc.*    40,989 
12,470   Hemab Therapeutics Holdings Inc.*    355,395 
3,124   Humacyte Inc.*(b)    4,061 
1,989   Ideaya Biosciences Inc.*    58,616 
867   Illumina Inc.*    141,286 
6,978   ImmunityBio Inc.*(b)    52,475 
52,938   Immunome Inc.*    1,155,637 
1,934   Immunovant Inc.*    64,402 
7,945   Incyte Corp.*    768,599 
220   Inhibrx Biosciences Inc.*    22,882 
650   Inmune Bio Inc.*    916 
1,783   Innoviva Inc.*    38,192 
1,164   Insmed Inc.*    124,443 
2,508   Intellia Therapeutics Inc.*    35,288 
859   Ionis Pharmaceuticals Inc.*    65,713 
7,637   Iovance Biotherapeutics Inc.*    31,312 
1,003   Jade Biosciences Inc.*    21,103 
917   Janux Therapeutics Inc.*    13,379 
827   Keros Therapeutics Inc.*    9,304 
18,655   Kiniksa Pharmaceuticals International PLC, Class A Shares*    902,529 
801   Kodiak Sciences Inc.*    29,405 
140   Korro Bio Inc.*    1,877 
597   Krystal Biotech Inc.*    184,491 
1,878   Kura Oncology Inc.*    19,156 
10,790   Kymera Therapeutics Inc.*    878,522 
57,657   Larimar Therapeutics Inc.*    200,646 
454   LB Pharmaceuticals Inc.*    12,698 
446   LENZ Therapeutics Inc.*    3,470 
1,487   Lexeo Therapeutics Inc.*    7,643 
3,540   Ligand Pharmaceuticals Inc.*    821,138 
1,561   Liquidia Corp.*    96,563 
398   MapLight Therapeutics Inc.*    11,665 
2,798   Maravai LifeSciences Holdings Inc., Class A Shares*    13,430 
11,019   Maze Therapeutics Inc.*    291,563 
22,776   MBX Biosciences Inc.*    716,761 
1,494   MeiraGTx Holdings PLC*    15,911 
1,007   Mineralys Therapeutics Inc.*    31,720 
199   Mirati Therapeutics Inc.*(a)(c)    139 
1,998   Moderna Inc.*    94,286 
135   Monopar Therapeutics Inc.*    8,780 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Biotechnology - (continued)     
1,436   Monte Rosa Therapeutics Inc.*   $28,304 
2,357   Myriad Genetics Inc.*    9,357 
36,268   NeoGenomics Inc.*    381,539 
1,498   Niagen Bioscience Inc.*    5,782 
2,164   Nkarta Inc.*    7,033 
3,470   Novavax Inc.*    38,066 
2,362   Nurix Therapeutics Inc.*    41,949 
9,604   Nuvalent Inc., Class A Shares*    1,060,186 
5,681   Nuvation Bio Inc.*    27,155 
1,571   Olema Pharmaceuticals Inc.*    20,721 
1,641   Omeros Corp.*(b)    18,117 
2,438   Organogenesis Holdings Inc., Class A Shares*    6,266 
1,104   Oruka Therapeutics Inc.*    64,617 
222   Palvella Therapeutics Inc.*    26,298 
1,850   Perspective Therapeutics Inc.*    7,289 
1,253   Phathom Pharmaceuticals Inc.*    12,016 
15,464   Praxis Precision Medicines Inc.*    5,411,936 
4,030   Precigen Inc.*    17,490 
2,350   Prime Medicine Inc.*    8,343 
2,547   Protalix BioTherapeutics Inc.*    5,374 
792   Protara Therapeutics Inc.*    3,683 
1,032   Prothena Corp. PLC*    10,506 
31,675   PTC Therapeutics Inc.*    2,339,199 
1,021   Puma Biotechnology Inc.*    7,321 
671   Rapport Therapeutics Inc.*    26,505 
11,351   Recursion Pharmaceuticals Inc., Class A Shares*(b)    40,750 
3,600   Regeneron Pharmaceuticals Inc.    2,213,208 
1,455   REGENXBIO Inc.*    10,200 
3,206   Relay Therapeutics Inc.*    45,044 
1,856   Replimune Group Inc.*    16,129 
6,881   Revolution Medicines Inc.*    1,083,620 
2,118   Rezolute Inc.*    6,989 
515   Rigel Pharmaceuticals Inc.*    15,702 
1,696   Rocket Pharmaceuticals Inc.*    5,207 
2,426   Roivant Sciences Ltd.*    72,756 
2,169   Royalty Pharma PLC, Class A Shares    120,943 
3,020   Sana Biotechnology Inc.*    9,966 
549   Sarepta Therapeutics Inc.*    9,811 
3,419   Savara Inc.*    17,779 
18,350   Scholar Rock Holding Corp.*    904,655 
26,611   Septerna Inc.*    803,652 
8,167   Sionna Therapeutics Inc.*    349,711 
1,875   Solid Biosciences Inc.*    13,763 
1,118   Stoke Therapeutics Inc.*    34,557 
25,785   Structure Therapeutics Inc., ADR*    1,014,382 
736   Summit Therapeutics Inc.*    12,909 
2,149   Syndax Pharmaceuticals Inc.*    42,099 
2,506   Tango Therapeutics Inc.*    55,082 
9,217   Tarsus Pharmaceuticals Inc.*    547,490 
5,210   Taysha Gene Therapies Inc.*    30,583 
363   Tectonic Therapeutic Inc.*    11,313 
3,423   TG Therapeutics Inc.*    129,869 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Biotechnology - (continued)     
810   Theravance Biopharma Inc.*   $13,009 
840   Third Harmonic Bio Inc.*(a)    25 
1,944   Travere Therapeutics Inc.*    91,718 
666   TriSalus Life Sciences Inc.*    2,271 
115   Tvardi Therapeutics Inc.*    389 
615   Tyra Biosciences Inc.*    20,547 
529   Ultragenyx Pharmaceutical Inc.*    12,664 
235   United Therapeutics Corp.*    130,853 
773   Upstream Bio Inc.*    6,462 
907   UroGen Pharma Ltd.*    25,514 
1,467   Vera Therapeutics Inc., Class A Shares*    52,108 
1,870   Veracyte Inc.*    86,656 
1,463   Verastem Inc.*    6,335 
1,270   Vericel Corp.*    42,329 
631   Viking Therapeutics Inc.*    20,659 
2,217   Vir Biotechnology Inc.*    21,150 
1,883   Viridian Therapeutics Inc.*    33,178 
41,620   WaVe Life Sciences Ltd.*    273,860 
1,886   Xencor Inc.*    22,406 
52,303   Xenon Pharmaceuticals Inc.*    2,862,543 
186   XOMA Royalty Corp.*    7,758 
422   Zenas Biopharma Inc.*    7,765 
1,220   Zevra Therapeutics Inc.*    14,140 
1,182   Zymeworks Inc.*    29,704 
    Total Biotechnology    48,472,639 
Commercial Services - 2.6%     
1,488   ABM Industries Inc.    58,121 
668   Acacia Research Corp.*    3,106 
2,747   ADT Inc.    18,432 
1,532   Affirm Holdings Inc., Class A Shares*    112,832 
727   AirSculpt Technologies Inc.*    3,911 
1,143   Alarm.com Holdings Inc.*    51,561 
10,331   Alight Inc., Class A Shares    9,735 
309   Alta Equipment Group Inc.*    1,903 
14,358   American Public Education Inc.*    710,290 
989   AMN Healthcare Services Inc.*    28,651 
14,609   Andersen Group Inc., Class A Shares*    540,533 
1,999   API Group Corp.*    81,959 
2,358   Arlo Technologies Inc.*    31,456 
89   Avis Budget Group Inc.*    15,650 
654   Barrett Business Services Inc.    21,281 
2,982   Block Inc., Class A Shares*    225,797 
641   Booz Allen Hamilton Holding Corp., Class A Shares    50,754 
286   Bright Horizons Family Solutions Inc.*    17,909 
1,488   BrightView Holdings Inc.*    18,392 
1,024   Brink’s Co.    106,517 
988   Cadiz Inc.*    4,821 
326   Carriage Services Inc., Class A Shares    13,428 
325   Cass Information Systems Inc.    14,960 
1,265   CBIZ Inc.*    41,998 
1,084   Chaince Digital Holdings Inc., ADR*    8,921 
407   Cimpress PLC*    40,114 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Commercial Services - (continued)     
2,196   Clarivate PLC*   $5,556 
2,491   CoreCivic Inc.*    52,510 
372   Corpay Inc.*    134,590 
5,523   Coursera Inc.*    29,769 
809   Covista Inc.*    95,300 
237   CPI Card Group Inc.*    4,022 
171   CRA International Inc.    23,726 
876   Cross Country Healthcare Inc.*    11,467 
1,729   Custom Truck One Source Inc.*    16,564 
1,122   Deluxe Corp.    27,253 
195   Distribution Solutions Group Inc.*    5,265 
1,526   Driven Brands Holdings Inc.*    21,120 
422   Emerald Holding Inc.    2,110 
603   Ennis Inc.    12,337 
659   Equifax Inc.    109,256 
262   Euronet Worldwide Inc.*    18,990 
1,540   EVERTEC Inc.    37,684 
1,863   First Advantage Corp.*    29,808 
30,890   Flywire Corp.*    495,476 
219   Forrester Research Inc.*    1,544 
253   Franklin Covey Co.*    6,001 
2,422   FTAI Infrastructure Inc.    10,802 
167   FTI Consulting Inc.*    25,581 
3,293   GEO Group Inc.*    74,652 
1,316   Global Payments Inc.    99,371 
4,222   GPGI Inc., Class A Shares    51,340 
76   Graham Holdings Co., Class B Shares    83,394 
139   Grand Canyon Education Inc.*    20,829 
1,197   Green Dot Corp., Class A Shares*    15,405 
670   H&R Block Inc.    25,788 
683   Hackett Group Inc.    7,875 
1,863   Healthcare Services Group Inc.*    38,378 
790   Herc Holdings Inc.    105,070 
2,710   Hertz Global Holdings Inc.*    14,634 
320   HireQuest Inc.    4,208 
18,791   Huron Consulting Group Inc.*    2,017,966 
435   ICF International Inc.    29,945 
616   Information Services Group Inc.    2,778 
862   Insperity Inc.    29,713 
978   John Wiley & Sons Inc., Class A Shares    41,154 
716   Kelly Services Inc., Class A Shares    8,320 
481   Kforce Inc.    22,602 
753   KinderCare Learning Cos., Inc.*    2,892 
34,187   Korn Ferry    2,392,406 
3,095   Laureate Education Inc., Class A Shares*    99,009 
2,570   Legalzoom.com Inc.*    16,165 
1,218   Legence Corp., Class A Shares*    101,995 
756   Lifecore Biomedical Inc.*    3,795 
22,261   Lincoln Educational Services Corp.*    1,031,130 
269   ManpowerGroup Inc.    8,509 
185   MarketAxess Holdings Inc.    24,057 
9,191   Marqeta Inc., Class A Shares*    37,316 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Commercial Services - (continued)     
743   Matthews International Corp., Class A Shares   $19,719 
410   Medifast Inc.*    5,137 
757   Monro Inc.    12,453 
119   Morningstar Inc.    21,660 
256   NIQ Global Intelligence PLC*    2,135 
2,005   NPK International Inc.*    29,113 
528   NRC Health    10,312 
228   Paylocity Holding Corp.*    26,204 
6,993   Payoneer Global Inc.*    36,364 
805   Paysafe Ltd.*    6,223 
1,466   Perdoceo Education Corp.    47,469 
744   Priority Technology Holdings Inc.*    4,754 
956   PROG Holdings Inc.    35,152 
1,890   Progyny Inc.*    48,308 
1,041   Quad/Graphics Inc.    7,756 
4,352   Quanta Services Inc.    3,097,449 
170   RCM Technologies Inc.*    3,674 
4,072   Remitly Global Inc.*    81,521 
2,093   Repay Holdings Corp., Class A Shares*    8,121 
1,227   Resources Connection Inc.    5,546 
605   Robert Half Inc.    17,811 
1,667   Rollins Inc.    79,349 
712   Service Corp. International    53,535 
354   Sezzle Inc.*    41,825 
363   Shift4 Payments Inc., Class A Shares*    16,175 
176   SoundThinking Inc.*    1,322 
10,397   Spire Global Inc., Class A Shares*(b)    237,468 
6,026   StoneCo Ltd., Class A Shares    68,998 
575   Strategic Education Inc.    44,131 
993   Stride Inc.*    91,733 
36,820   Target Hospitality Corp.*    639,195 
4,721   TIC Solutions Inc.*    38,571 
2,574   Toast Inc., Class A Shares*    67,001 
259   Transcat Inc.*    21,891 
1,057   TransUnion    75,639 
715   TriNet Group Inc.    32,661 
1,175   TrueBlue Inc.*    7,297 
47   U-Haul Holding Co.*    2,721 
599   U-Haul Holding Co. (Non-Voting), Class B Shares    31,160 
14,482   UL Solutions Inc., Class A Shares    1,440,959 
358   United Rentals Inc.    356,450 
20,249   Universal Technical Institute Inc.*    757,515 
1,404   Upbound Group Inc.    26,971 
262   USCB Financial Holdings Inc.    4,858 
37,825   Valvoline Inc.*    1,276,594 
778   Verisk Analytics Inc., Class A Shares    136,142 
3,858   Verra Mobility Corp., Class A Shares*    17,400 
2,174   Vestis Corp.*    28,088 
169   WEX Inc.*    24,498 
356   Willdan Group Inc.*    32,339 
885   WillScot Holdings Corp.    22,771 
    Total Commercial Services    19,022,597 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Cosmetics/Personal Care - 0.4%     
2,077   Coty Inc., Class A Shares*   $4,424 
1,291   Edgewell Personal Care Co.    22,618 
276   elf Beauty Inc.*    15,456 
1,372   Estee Lauder Cos., Inc., Class A Shares    122,039 
2,231   Honest Co., Inc.*    7,809 
439   Interparfums Inc.    41,429 
10,757   Kenvue Inc.    185,881 
5,994   Olaplex Holdings Inc.*    12,228 
782   Perrigo Co. PLC    8,641 
49,706   Prestige Consumer Healthcare Inc.*    2,362,526 
3,178   SkinHealth Systems Inc.*    2,459 
671   Waldencast PLC, Class A Shares*    825 
    Total Cosmetics/Personal Care    2,786,335 
Food - 0.8%     
2,105   Albertsons Cos., Inc., Class A Shares    32,859 
2,550   B&G Foods Inc.    10,430 
9,035   Beyond Meat Inc.*(b)    7,124 
1,043   Cal-Maine Foods Inc.    77,933 
973   Campbell’s Co.(b)    20,540 
872   Chefs’ Warehouse Inc.*    66,743 
2,667   Conagra Brands Inc.    35,418 
1,095   Flowers Foods Inc.    8,366 
2,888   General Mills Inc.    97,643 
2,220   Grocery Outlet Holding Corp.*    18,892 
2,265   Hain Celestial Group Inc.*    1,795 
810   Hershey Co.    157,164 
745   HF Foods Group Inc.*    1,453 
1,470   Hormel Foods Corp.    34,148 
370   Ingles Markets Inc., Class A Shares    32,730 
10,199   Ingredion Inc.    1,034,587 
404   J & J Snack Foods Corp.    30,752 
578   JM Smucker Co.    59,650 
225   John B Sanfilippo & Son Inc.    16,855 
4,776   Kraft Heinz Co.    114,672 
3,222   Kroger Co.    200,247 
687   Lamb Weston Holdings Inc.    29,665 
233   Lifeway Foods Inc.*    5,552 
29,427   Mama’s Creations Inc.*    406,093 
6,672   Marzetti Co.    746,864 
1,370   McCormick & Co., Inc.    64,897 
869   Mission Produce Inc.*    9,681 
96   Nathan’s Famous Inc.    9,686 
380   Natural Grocers by Vitamin Cottage Inc.    11,157 
20,395   Performance Food Group Co.*    2,002,585 
226   Pilgrim’s Pride Corp.    6,398 
292   Post Holdings Inc.*    26,817 
1   Seaboard Corp.    5,082 
106   Seneca Foods Corp., Class A Shares*    15,242 
2,256   Simply Good Foods Co.*    25,989 
152   Smithfield Foods Inc.    3,926 
503   Sprouts Farmers Market Inc.*    41,558 
2,632   Sysco Corp.    199,532 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Food - (continued)     
530   Tootsie Roll Industries Inc.   $19,986 
1,518   Tyson Foods Inc., Class A Shares    92,628 
1,411   United Natural Foods Inc.*    72,455 
1,246   US Foods Holding Corp.*    101,985 
1,678   Utz Brands Inc.    12,283 
309   Village Super Market Inc., Class A Shares    14,356 
323   Weis Markets Inc.    23,569 
    Total Food    6,007,987 
Healthcare-Products - 2.3%     
2,761   10X Genomics Inc., Class A Shares*    78,150 
1,695   Accuray Inc.*    641 
36,257   Adaptive Biotechnologies Corp.*    549,294 
1,584   Agilent Technologies Inc.    214,679 
6,581   Align Technology Inc.*    1,151,346 
2,980   Alphatec Holdings Inc.*    23,095 
889   AngioDynamics Inc.*    10,206 
2,158   Anteris Technologies Global Corp.*    18,602 
1,021   Artivion Inc.*    22,656 
1,239   AtriCure Inc.*    34,283 
1,153   Avanos Medical Inc.*    28,594 
3,360   Avantor Inc.*    30,643 
954   Avita Medical Inc.*    4,131 
19,562   Axogen Inc.*    772,308 
958   Azenta Inc.*    21,919 
2,868   Baxter International Inc.    53,861 
932   Beta Bionics Inc.*    11,296 
915   BioLife Solutions Inc.*    22,802 
795   Bio-Techne Corp.    41,086 
1,140   Bioventus Inc., Class A Shares*    9,701 
509   Bruker Corp.    29,975 
4,648   Butterfly Network Inc., Class A Shares*    21,148 
662   CapsoVision Inc.*    4,488 
1,305   CareDx Inc.*    29,780 
506   Caris Life Sciences Inc.*    8,460 
659   Castle Biosciences Inc.*    13,892 
742   Ceribell Inc.*    13,690 
4,381   Cerus Corp.*    13,318 
818   ClearPoint Neuro Inc.*    10,364 
815   CONMED Corp.    29,095 
1,081   Cooper Cos., Inc.*    66,168 
460   CVRx Inc.*    2,567 
909   Delcath Systems Inc.*    9,799 
1,188   DENTSPLY SIRONA Inc.    12,438 
248   Electromed Inc.*    9,355 
1,468   Embecta Corp.    4,962 
1,360   Enovis Corp.*    30,845 
34,701   Envista Holdings Corp.*    817,209 
2,590   GE HealthCare Technologies Inc.    161,461 
11,256   Glaukos Corp.*    1,163,308 
19,225   Globus Medical Inc., Class A Shares*    1,574,143 
829   GRAIL Inc.*    59,423 
23,211   Guardant Health Inc.*    3,010,235 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Healthcare-Products - (continued)     
1,136   Haemonetics Corp.*   $77,032 
582   ICU Medical Inc.*    78,797 
445   IDEXX Laboratories Inc.*    250,771 
483   Inogen Inc.*    3,135 
174   Inspire Medical Systems Inc.*    7,197 
375   Insulet Corp.*    54,352 
833   Integer Holdings Corp.*    74,454 
42,118   Integra LifeSciences Holdings Corp.*    675,573 
187   iRadimed Corp.    16,953 
752   IRhythm Holdings Inc.*    85,653 
12,302   Kestra Medical Technologies Ltd.*    261,540 
1,398   KORU Medical Systems Inc.*    5,676 
1,551   Lantheus Holdings Inc.*    154,014 
533   LeMaitre Vascular Inc.    50,448 
329   LENSAR Inc.*    1,908 
1,306   LivaNova PLC*    96,383 
2,141   Lucid Diagnostics Inc.*    2,205 
255   Masimo Corp.*    45,505 
3,354   MaxCyte Inc.*    4,058 
2,223   Medline Inc., Class A Shares*    81,273 
1,379   Merit Medical Systems Inc.*    86,960 
3,002   MiMedx Group Inc.*    11,047 
8,856   Natera Inc.*    1,978,165 
5,188   Neogen Corp.*    46,536 
29,661   NeuroPace Inc.*    490,593 
2,414   Novocure Ltd.*    41,135 
3,430   OmniAb Inc.*    9,261 
1,059   Omnicell Inc.*    46,744 
2,423   OraSure Technologies Inc.*    10,419 
826   Orthofix Medical Inc.*    7,657 
380   OrthoPediatrics Corp.*    6,525 
547   Outset Medical Inc.*    2,675 
8,898   Pacific Biosciences of California Inc.*    13,258 
209   Penumbra Inc.*(b)    66,525 
1,262   PROCEPT BioRobotics Corp.*    33,228 
842   Pulmonx Corp.*    1,389 
411   Pulse Biosciences Inc.*    10,275 
1,032   QIAGEN NV    37,761 
1,247   Quanterix Corp.*    3,816 
3,978   Quantum-Si Inc.*    4,734 
1,616   QuidelOrtho Corp.*    21,040 
265   Repligen Corp.*    32,847 
826   ResMed Inc.    157,411 
615   Revvity Inc.    64,298 
944   RxSight Inc.*    5,031 
91   Sanara Medtech Inc.*    2,074 
230   SANUWAVE Health Inc.*    3,788 
247   Shoulder Innovations Inc.*    3,631 
1,008   SI-BONE Inc.*    14,213 
779   Solventum Corp.*    58,386 
814   STAAR Surgical Co.*    24,330 
2,874   Stereotaxis Inc.*    5,690 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Healthcare-Products - (continued)     
558   STERIS PLC   $118,703 
19,873   Tactile Systems Technology Inc.*    489,074 
32,758   Tandem Diabetes Care Inc.*    563,438 
223   Teleflex Inc.    28,687 
495   Tempus AI Inc., Class A Shares*    24,983 
803   TransMedics Group Inc.*    53,962 
1,652   Treace Medical Concepts Inc.*    5,716 
1,412   Twist Bioscience Corp.*    94,420 
191   UFP Technologies Inc.*    42,039 
120   Utah Medical Products Inc.    7,974 
912   Varex Imaging Corp.*    9,330 
549   Waters Corp.*    210,580 
406   West Pharmaceutical Services Inc.    131,061 
1,108   Zimmer Biomet Holdings Inc.    91,222 
    Total Healthcare-Products    17,394,974 
Healthcare-Services - 1.5%     
529   Acadia Healthcare Co., Inc.*    12,273 
14,025   Addus HomeCare Corp.*    1,285,812 
338   agilon health Inc.*    31,191 
4,725   Alignment Healthcare Inc.*    72,387 
749   Ardent Health Inc.*    6,913 
1,140   Astrana Health Inc.*    42,887 
1,149   Aveanna Healthcare Holdings Inc.*    8,238 
778   Biote Corp., Class A Shares*    1,556 
3,071   BrightSpring Health Services Inc.*    189,419 
5,430   Brookdale Senior Living Inc.*    69,884 
2,732   Centene Corp.*    162,827 
247   Charles River Laboratories International Inc.*    44,635 
72   Chemed Corp.    30,702 
9,414   Clover Health Investments Corp., Class A Shares*    37,468 
3,046   Community Health Systems Inc.*    8,285 
2,797   Concentra Group Holdings Parent Inc.    69,561 
700   CorVel Corp.*    43,225 
191   DaVita Inc.*    37,123 
3,054   DocGo Inc.*    2,010 
7,150   Elevance Health Inc.    2,811,308 
24,135   Encompass Health Corp.    2,554,690 
1,324   Ensign Group Inc.    221,969 
2,221   Fortrea Holdings Inc.*    34,181 
458   Fulgent Genetics Inc.*    8,308 
445   GeneDx Holdings Corp., Class A Shares*    23,136 
1,193   Ginkgo Bioworks Holdings Inc.*    11,178 
2,012   HealthEquity Inc.*    177,036 
681   Humana Inc.    207,991 
485   Innovage Holding Corp.*    3,681 
939   IQVIA Holdings Inc.*    171,095 
339   Joint Corp.*    3,017 
473   Labcorp Holdings Inc.    123,008 
841   LifeMD Inc.*    3,599 
3,564   LifeStance Health Group Inc.*    27,478 
601   Lumexa Imaging Holdings Inc.*    4,676 
125   Medpace Holdings Inc.*    55,889 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Healthcare-Services - (continued)     
276   Molina Healthcare Inc.*   $47,914 
1,585   Nano-X Imaging Ltd.*(b)    3,043 
326   National HealthCare Corp.    60,121 
1,266   Neuronetics Inc.*    1,950 
1,959   Oncology Institute Inc.*    9,188 
7,757   OPKO Health Inc.*    11,325 
83,827   Option Care Health Inc.*    1,749,469 
4,731   Oscar Health Inc., Class A Shares*    105,170 
1,036   PACS Group Inc.*    37,969 
1,999   Pediatrix Medical Group Inc.*    43,058 
884   Pennant Group Inc.*    30,277 
1,577   Personalis Inc.*    17,978 
2,757   Privia Health Group Inc.*    59,303 
610   Quest Diagnostics Inc.    118,889 
1,610   RadNet Inc.*    89,403 
2,551   Select Medical Holdings Corp.    42,092 
180   Sonida Senior Living Inc.*    6,363 
1,554   Sotera Health Co.*    24,305 
1,045   Strata Critical Medical Inc.*    6,594 
2,030   Surgery Partners Inc.*    27,121 
4,451   Teladoc Health Inc.*    33,872 
471   Tenet Healthcare Corp.*    82,576 
281   Universal Health Services Inc., Class B Shares    41,057 
387   US Physical Therapy Inc.    24,869 
795   Viemed Healthcare Inc.*    7,823 
    Total Healthcare-Services    11,280,365 
Household Products/Wares - 0.1%     
3,111   ACCO Brands Corp.    12,320 
111   Acme United Corp.    4,684 
440   Avery Dennison Corp.    69,991 
1,321   Church & Dwight Co., Inc.    126,327 
696   Clorox Co.    62,654 
595   Helen of Troy Ltd.*    16,148 
1,150   Quanex Building Products Corp.    21,401 
274   Reynolds Consumer Products Inc.    5,938 
537   Spectrum Brands Holdings Inc.    42,257 
327   WD-40 Co.    65,390 
    Total Household Products/Wares    427,110 
Pharmaceuticals - 1.7%     
1,930   Accendra Health Inc.*    5,481 
3,121   Aclaris Therapeutics Inc.*    14,201 
2,618   AdaptHealth Corp., Class A Shares*    26,520 
1,340   Agios Pharmaceuticals Inc.*    39,396 
6,520   Akebia Therapeutics Inc.*    6,650 
27,815   Alkermes PLC*    1,173,515 
3,546   Amneal Pharmaceuticals Inc.*    46,701 
1,014   Amphastar Pharmaceuticals Inc.*    19,114 
48,256   Amylyx Pharmaceuticals Inc.*    692,474 
266   Anika Therapeutics Inc.*    3,865 
2,165   Aquestive Therapeutics Inc.*    8,703 
1,686   Arvinas Inc.*    15,140 
5,806   Ascendis Pharma AS, ADR*    1,301,183 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Pharmaceuticals - (continued)     
272   Atrium Therapeutics Inc.*   $3,536 
2,610   aTyr Pharma Inc.*    1,416 
641   BellRing Brands Inc.*    5,359 
1,217   Candel Therapeutics Inc.*    10,101 
14,726   Cardinal Health Inc.    2,898,077 
2,771   Catalyst Pharmaceuticals Inc.*    86,538 
1,018   Cencora Inc.    274,209 
1,851   Coherus Oncology Inc.*    2,943 
840   Collegium Pharmaceutical Inc.*    28,232 
473   Corcept Therapeutics Inc.*    32,869 
1,791   CorMedix Inc.*(b)    15,116 
1,741   Corvus Pharmaceuticals Inc.*    21,606 
2,179   DexCom Inc.*    160,679 
38,392   Elanco Animal Health Inc.*    915,649 
796   Enanta Pharmaceuticals Inc.*    10,475 
865   Enliven Therapeutics Inc.*    34,228 
792   Eton Pharmaceuticals Inc.*    24,116 
411   Fennec Pharmaceuticals Inc.*(a)    4,081 
484   Foghorn Therapeutics Inc.*    2,072 
1,233   Fulcrum Therapeutics Inc.*    8,532 
13,727   Guardian Pharmacy Services Inc., Class A Shares*    531,784 
370   Gyre Therapeutics Inc.*    2,187 
1,030   Harmony Biosciences Holdings Inc.*    32,538 
795   Harrow Inc.*    27,992 
555   Henry Schein Inc.*    42,502 
2,517   Herbalife Ltd.*    30,103 
4,679   Heron Therapeutics Inc.*    4,071 
25,464   Indivior Pharmaceuticals Inc.*    917,213 
2,165   Inhibikase Therapeutics Inc.*    3,789 
4,866   Ironwood Pharmaceuticals Inc., Class A Shares*    17,372 
333   Jazz Pharmaceuticals PLC*    78,751 
298   Journey Medical Corp.*    1,880 
1,162   KalVista Pharmaceuticals Inc.*    31,223 
353   Lifevantage Corp.(b)    2,778 
406   Madrigal Pharmaceuticals Inc.*    201,892 
7,361   MannKind Corp.*    27,751 
397   MediWound Ltd.*    5,689 
981   Mirum Pharmaceuticals Inc.*    99,572 
241   Nature’s Sunshine Products Inc.*    5,129 
525   Neurocrine Biosciences Inc.*    83,108 
316   Neurogene Inc.*    8,955 
316   Nuvectis Pharma Inc.*    3,081 
4,235   Ocular Therapeutix Inc.*    38,157 
1,515   Organon & Co.    20,210 
1,414   ORIC Pharmaceuticals Inc.*    11,948 
1,155   Pacira BioSciences Inc.*    26,819 
476   Phibro Animal Health Corp., Class A Shares    14,656 
6,131   Protagonist Therapeutics Inc.*    610,402 
4,630   Rhythm Pharmaceuticals Inc.*    408,922 
4,315   SELLAS Life Sciences Group Inc.*(b)    40,173 
810   SIGA Technologies Inc.    3,791 
18,132   Spyre Therapeutics Inc.*    1,332,702 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - (continued)
Pharmaceuticals - (continued)     
1,280   Supernus Pharmaceuticals Inc.*   $59,110 
244   Tonix Pharmaceuticals Holding Corp.*    3,009 
2,045   Trevi Therapeutics Inc.*    28,916 
1,020   TuHURA Biosciences Inc.*    2,305 
256   USANA Health Sciences Inc.*    4,685 
1,092   Vanda Pharmaceuticals Inc.*    7,043 
2,949   Vaxcyte Inc.*    151,579 
6,588   Viatris Inc.    107,121 
1,516   Voyager Therapeutics Inc.*    5,867 
3,352   Xeris Biopharma Holdings Inc.*    20,648 
    Total Pharmaceuticals    12,950,200 
    TOTAL CONSUMER NON-CYCLICAL    124,927,801 
ENERGY - 6.1%     
Coal - 0.1%     
291   Alpha Metallurgical Resources Inc.*    57,900 
1,201   Core Natural Resources Inc.    106,217 
749   Hallador Energy Co.*    14,426 
74   NACCO Industries Inc., Class A Shares    3,744 
2,898   Peabody Energy Corp.    78,391 
856   Ramaco Resources Inc., Class A Shares*    13,362 
2,130   SunCoke Energy Inc.    19,191 
1,247   Warrior Met Coal Inc.    117,891 
    Total Coal    411,122 
Energy-Alternate Sources - 1.3%     
3,917   Array Technologies Inc.*    35,566 
2,719   ASP Isotopes Inc.*    21,154 
18,916   Enphase Energy Inc.*    1,293,098 
290,261   Eos Energy Enterprises Inc.*(b)    2,446,900 
575   First Solar Inc.*    176,404 
2,193   Fluence Energy Inc., Class A Shares*    41,404 
480   FutureFuel Corp.    1,987 
7,315   Gevo Inc.*    13,606 
1,628   Green Plains Inc.*    25,511 
1,406   Montauk Renewables Inc.*    2,446 
24,992   Nextpower Inc., Class A Shares*    3,908,749 
31,426   Plug Power Inc.*    124,133 
770   REX American Resources Corp.*    36,005 
4,381   Shoals Technologies Group Inc., Class A Shares*    54,544 
6,231   SolarEdge Technologies Inc.*    475,737 
27,714   Solv Energy Inc., Class A Shares*    984,678 
2,107   SunPower Inc.*    2,233 
5,275   Sunrun Inc.*    88,198 
4,824   T1 Energy Inc.*    50,942 
    Total Energy-Alternate Sources    9,783,295 
Oil & Gas - 2.6%     
1,658   Antero Resources Corp.*    59,274 
1,951   APA Corp.    71,075 
657   BKV Corp.*    17,437 
7,080   Borr Drilling Ltd.*    35,471 
1,731   California Resources Corp.    102,631 
296   Chord Energy Corp.    39,034 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
ENERGY - (continued)
Oil & Gas - (continued)     
3,270   CNX Resources Corp.*   $110,166 
1,762   Comstock Resources Inc.*    23,487 
6,277   Crescent Energy Co., Class A Shares    72,562 
833   CVR Energy Inc.    27,672 
10,344   Delek US Holdings Inc.    460,411 
6,376   Devon Energy Corp.    283,668 
1,104   Diamondback Energy Inc.    211,394 
1,574   Diversified Energy Co.    22,902 
322   Empire Petroleum Corp.*    818 
644   Epsilon Energy Ltd.    3,645 
44,543   EQT Corp.    2,446,747 
568   Evolution Petroleum Corp.    2,408 
1,264   Expand Energy Corp.    117,527 
1,159   Granite Ridge Resources Inc.    5,633 
396   Gulfport Energy Corp.*    66,762 
2,279   Helmerich & Payne Inc.    86,944 
872   HF Sinclair Corp.    60,944 
638   HighPeak Energy Inc.(b)    4,530 
349   Infinity Natural Resources Inc., Class A Shares*    4,729 
1,147   Kolibri Global Energy Inc.*(a)    5,873 
12,290   Kosmos Energy Ltd.*    34,412 
4,268   Magnolia Oil & Gas Corp., Class A Shares    116,773 
1,668   Marathon Petroleum Corp.    414,948 
18,098   Matador Resources Co.    970,053 
3,254   Murphy Oil Corp.    117,762 
336   Nabors Industries Ltd.*    31,124 
3,044   Noble Corp. PLC    141,485 
2,217   Northern Oil & Gas Inc.    48,264 
3,940   Occidental Petroleum Corp.    223,122 
41,357   Ovintiv Inc.    2,317,646 
1,232   Par Pacific Holdings Inc.*    69,189 
75,329   Patterson-UTI Energy Inc.    844,438 
1,994   PBF Energy Inc., Class A Shares    81,156 
159,430   Permian Resources Corp., Class A Shares    3,065,839 
2,247   Phillips 66    395,202 
11   PrimeEnergy Resources Corp.*    1,811 
1,358   Range Resources Corp.    52,894 
11,772   Riley Exploration Permian Inc.    391,537 
2,954   Sable Offshore Corp.*    43,276 
733   SandRidge Energy Inc.    10,753 
1,490   Seadrill Ltd.*    70,283 
55,264   SM Energy Co.    1,697,157 
2,797   Talos Energy Inc.*    41,032 
318   Texas Pacific Land Corp.    124,974 
141,917   Transocean Ltd.*    878,466 
2,457   VAALCO Energy Inc.    12,826 
1,481   Valaris Ltd.*    137,185 
11,608   Valero Energy Corp.    2,841,871 
1,030   Viper Energy Inc., Class A Shares    46,865 
780   Vitesse Energy Inc.    13,478 
2,355   W&T Offshore Inc.    8,666 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
ENERGY - (continued)
Oil & Gas - (continued)     
428   Weatherford International PLC   $44,358 
    Total Oil & Gas    19,632,589 
Oil & Gas Services - 1.7%     
4,172   Archrock Inc.    139,720 
2,114   Atlas Energy Solutions Inc., Class A Shares(b)    35,283 
5,531   Baker Hughes Co., Class A Shares    353,320 
675   Bristow Group Inc.    28,107 
1,196   Core Laboratories Inc.    16,349 
756   DMC Global Inc.*    5,148 
4,490   DNOW Inc.*    57,427 
141,668   Expro Group Holdings NV*    2,092,436 
25,731   Flotek Industries Inc.*    513,334 
539   Flowco Holdings Inc., Class A Shares    12,607 
241   Forum Energy Technologies Inc.*    12,103 
4,622   Halliburton Co.    179,565 
3,748   Helix Energy Solutions Group Inc.*    35,044 
19,087   Innovex International Inc.*    509,814 
2,245   Kodiak Gas Services Inc.    150,078 
84,809   Liberty Energy Inc., Class A Shares    2,481,511 
1,322   Mammoth Energy Services Inc.*    4,429 
590   Matrix Service Co.*    7,747 
1,671   National Energy Services Reunited Corp.*    40,689 
230   Natural Gas Services Group Inc.    9,039 
1,854   NOV Inc.    37,006 
2,365   Oceaneering International Inc.*    90,414 
1,294   Oil States International Inc.*    10,999 
471   ProFrac Holding Corp., Class A Shares*    2,878 
2,138   ProPetro Holding Corp.*    32,626 
530   Ranger Energy Services Inc., Class A Shares    8,194 
2,004   RPC Inc.    13,267 
939   SEACOR Marine Holdings Inc.*    7,089 
22,544   Select Water Solutions Inc., Class A Shares    404,214 
43,300   SLB Ltd.    2,362,015 
12,034   Solaris Energy Infrastructure Inc., Class A Shares    836,844 
10,939   TechnipFMC PLC    748,446 
96,582   TETRA Technologies Inc.*    988,034 
7,010   Tidewater Inc.*    515,165 
    Total Oil & Gas Services    12,740,941 
Pipelines - 0.4%     
1,872   Antero Midstream Corp.    39,237 
1,190   Cheniere Energy Inc.    267,583 
581   DT Midstream Inc.    81,328 
668   Excelerate Energy Inc., Class A Shares    22,004 
2,319   Golar LNG Ltd.    115,370 
10,809   Kinder Morgan Inc.    335,944 
1,055   Kinetik Holdings Inc., Class A Shares    48,477 
5,155   New Fortress Energy Inc., Class A Shares*(b)    2,891 
4,159   NextDecade Corp.*    32,898 
3,473   ONEOK Inc.    291,524 
322   Summit Midstream Corp.*    8,581 
1,179   Targa Resources Corp.    300,728 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
ENERGY - (continued)
Pipelines - (continued)     
86,607   Venture Global Inc., Class A Shares   $1,042,748 
    Total Pipelines    2,589,313 
    TOTAL ENERGY    45,157,260 
FINANCIAL - 15.0%     
Banks - 5.9%         
473   1st Source Corp.    34,917 
281   ACNB Corp.    15,255 
687   Alerus Financial Corp.    19,634 
545   Amalgamated Financial Corp.    22,607 
948   Amerant Bancorp Inc., Class A Shares    21,539 
1,560   Ameris Bancorp    131,524 
151   Ames National Corp.    4,340 
385   Arrow Financial Corp.    14,129 
84,267   Associated Banc-Corp.    2,343,465 
3,362   Atlantic Union Bankshares Corp.    126,478 
69   Avidbank Holdings Inc.*    2,124 
501   BancFirst Corp.    55,255 
998   Bancorp Inc.*    55,050 
250   Bank First Corp.    34,755 
945   Bank of Hawaii Corp.    72,387 
360   Bank of Marin Bancorp    9,302 
3,868   Bank of New York Mellon Corp.    539,315 
1,037   Bank of NT Butterfield & Son Ltd.    58,549 
625   Bank OZK    30,244 
101   Bank7 Corp.    4,470 
18,074   BankUnited Inc.    838,453 
135   Bankwell Financial Group Inc.    7,063 
815   Banner Corp.    52,975 
351   Bar Harbor Bankshares    12,264 
358   BayCom Corp.    11,026 
279   BCB Bancorp Inc.    2,913 
2,146   Blue Ridge Bankshares Inc.    7,082 
125   BOK Financial Corp.    16,005 
715   Bridgewater Bancshares Inc.*    13,485 
392   Burke & Herbert Financial Services Corp.    24,931 
824   Business First Bancshares Inc.    23,467 
790   Byline Bancorp Inc.    26,141 
105   C&F Financial Corp.    7,744 
472   California BanCorp    8,959 
492   Camden National Corp.    24,615 
285   Capital Bancorp Inc.    9,097 
324   Capital City Bank Group Inc.    14,787 
540   Carter Bankshares Inc.    14,742 
1,621   Cathay General Bancorp    93,467 
158   CB Financial Services Inc.    5,663 
109   Central BanCo Inc., Class A Shares    3,096 
669   Central Pacific Financial Corp.    22,987 
52   Chain Bridge Bancorp Inc., Class A Shares*    1,885 
62   Chemung Financial Corp.    4,258 
298   ChoiceOne Financial Services Inc.    9,357 
325   Citizens & Northern Corp.    6,844 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Banks - (continued)     
35,403   Citizens Financial Group Inc.   $2,204,191 
161   Citizens Financial Services Inc.    10,470 
8,502   City Holding Co.    1,056,884 
489   Civista Bancshares Inc.    12,665 
618   CNB Financial Corp.    18,954 
303   Coastal Financial Corp.*    21,568 
218   CoastalSouth Bancshares Inc.    5,566 
353   Colony Bankcorp Inc.    6,989 
99,237   Columbia Banking System Inc.    2,941,385 
787   Commerce Bancshares Inc.    41,097 
164   Commercial Bancgroup Inc.    4,738 
1,274   Community Financial System Inc.    81,077 
388   Community Trust Bancorp Inc.    25,942 
539   Community West Bancshares    12,941 
1,131   ConnectOne Bancorp Inc.    34,009 
344   Cullen/Frost Bankers Inc.    46,619 
771   Customers Bancorp Inc.*    57,933 
4,108   CVB Financial Corp.    83,639 
930   Dime Community Bancshares Inc.    34,801 
745   Eagle Bancorp Inc.    20,331 
152   Eagle Financial Services Inc.    5,998 
741   East West Bancorp Inc.    90,802 
5,378   Eastern Bankshares Inc.    106,108 
269   ECB Bancorp Inc.*    4,912 
875   Enterprise Financial Services Corp.    53,034 
343   Equity Bancshares Inc., Class A Shares    15,812 
169   Esquire Financial Holdings Inc.    18,571 
280   Farmers & Merchants Bancorp Inc.    7,820 
1,236   Farmers National Banc Corp.    17,526 
603   FB Bancorp Inc.*    8,406 
40,904   FB Financial Corp.    2,155,232 
90   Fidelity D&D Bancorp Inc.    4,204 
5,053   Fifth Third Bancorp    252,296 
578   Financial Institutions Inc.    20,941 
304   Finwise Bancorp*    4,371 
3,896   First BanCorp (Puerto Rico)    93,426 
958   First Bancorp (Southern Pines NC)    56,359 
227   First Bancorp Inc.    6,608 
461   First Bank    7,210 
2,042   First Busey Corp.    55,890 
181   First Business Financial Services Inc.    10,411 
51   First Citizens BancShares Inc., Class A Shares    101,516 
2,652   First Commonwealth Financial Corp.    50,229 
424   First Community Bankshares Inc.    18,279 
257   First Community Corp.    7,725 
2,465   First Financial Bancorp    75,823 
3,172   First Financial Bankshares Inc.    103,661 
274   First Financial Corp.    18,955 
730   First Hawaiian Inc.    19,695 
44,482   First Horizon Corp.    1,077,799 
168   First Internet Bancorp    4,059 
72,129   First Interstate BancSystem Inc., Class A Shares    2,567,792 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Banks - (continued)     
1,479   First Merchants Corp.   $59,604 
582   First Mid Bancshares Inc.    25,637 
253   First National Corp.    7,032 
209   First United Corp.    8,264 
557   Firstsun Capital Bancorp*    19,746 
404   Five Star Bancorp    17,061 
7,318   Flagstar Bank N.A.    102,891 
2,101   FNB Corp.    36,725 
138   Franklin Financial Services Corp.    8,022 
4,679   Fulton Financial Corp.    101,487 
295   FVCBankcorp Inc.    4,655 
282   GBank Financial Holdings Inc.*    8,401 
855   German American Bancorp Inc.    37,381 
3,144   Glacier Bancorp Inc.    149,497 
204   Great Southern Bancorp Inc.    14,637 
1,998   Hancock Whitney Corp.    136,104 
752   Hanmi Financial Corp.    22,650 
172   Hanover Bancorp Inc.    4,001 
207   Hawthorn Bancshares Inc.    7,595 
282   HBT Financial Inc.    8,074 
866   Heritage Financial Corp.    23,598 
1,025   Hilltop Holdings Inc.    38,663 
4,442   Home BancShares Inc.    118,868 
2,747   Hope Bancorp Inc.    34,447 
1,084   Horizon Bancorp Inc.    20,108 
146,195   Huntington Bancshares Inc.    2,391,750 
30,731   Independent Bank Corp. (Massachusetts)    2,430,207 
496   Independent Bank Corp. (Michigan)    17,023 
1,316   International Bancshares Corp.    94,963 
168   Investar Holding Corp.    4,748 
444   John Marshall Bancorp Inc.    9,444 
1,238   Kearny Financial Corp.    10,201 
5,117   KeyCorp    109,146 
652   Lakeland Financial Corp.    39,531 
164   Landmark Bancorp Inc.    4,661 
242   LCNB Corp.    4,124 
903   Live Oak Bancshares Inc.    34,341 
842   M&T Bank Corp.    181,965 
235   MainStreet Bancshares Inc.    5,379 
1,143   Mechanics Bancorp, Class A Shares    16,825 
394   Mercantile Bank Corp.    20,878 
615   Merchants Bancorp    28,991 
315   Meridian Corp.    5,664 
440   Metrocity Bankshares Inc.    14,370 
259   Metropolitan Bank Holding Corp.    23,186 
603   Mid Penn Bancorp Inc.    19,688 
691   Midland States Bancorp Inc.    19,210 
408   MVB Financial Corp.    10,914 
58,530   National Bank Holdings Corp., Class A Shares    2,448,310 
102   National Bankshares Inc.    3,589 
1,048   NB Bancorp Inc.    20,991 
1,223   NBT Bancorp Inc.    56,552 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Banks - (continued)     
919   NewtekOne Inc.   $12,756 
442   Nicolet Bankshares Inc.    61,999 
202   Northeast Bank    25,399 
264   Northeast Community Bancorp Inc.    6,399 
1,033   Northern Trust Corp.    170,910 
346   Northpointe Bancshares Inc.    5,910 
492   Northrim BanCorp Inc.    12,157 
272   Norwood Financial Corp.    8,223 
124   Oak Valley Bancorp    4,081 
1,080   OFG Bancorp    49,205 
131   Ohio Valley Banc Corp.    6,295 
108,922   Old National Bancorp    2,615,217 
1,093   Old Second Bancorp Inc.    23,303 
380   OP Bancorp    5,343 
214   Orange County Bancorp Inc.    7,302 
749   Origin Bancorp Inc.    35,697 
458   Orrstown Financial Services Inc.    17,006 
352   Park National Corp.    60,389 
193   Parke Bancorp Inc.    5,931 
559   Pathward Financial Inc.    45,972 
1,857   Patriot National Bancorp Inc.*    2,080 
202   PCB Bancorp    4,963 
408   Peapack-Gladstone Financial Corp.    17,646 
890   Peoples Bancorp Inc.    30,954 
100   Peoples Bancorp of North Carolina Inc.    4,210 
214   Peoples Financial Services Corp.    12,714 
830   Pinnacle Financial Partners Inc.    81,124 
309   Pioneer Bancorp Inc.*    4,613 
188   Plumas Bancorp    9,894 
612   Ponce Financial Group Inc.*    11,555 
342   Popular Inc.    50,797 
319   Preferred Bank    30,567 
719   Primis Financial Corp.    10,375 
116   Princeton Bancorp Inc.    4,181 
524   Prosperity Bancshares Inc.    36,135 
426   QCR Holdings Inc.    39,256 
348   RBB Bancorp    8,324 
168   Red River Bancshares Inc.    15,275 
4,803   Regions Financial Corp.    134,484 
2,273   Renasant Corp.    92,557 
203   Republic Bancorp Inc., Class A Shares    16,433 
107   Rhinebeck Bancorp Inc.*    1,742 
315   Richmond Mutual BanCorp Inc.    4,574 
994   S&T Bancorp Inc.    44,819 
213   SB Financial Group Inc.    4,601 
2,306   Seacoast Banking Corp. of Florida    69,895 
1,247   ServisFirst Bancshares Inc.    97,254 
717   Shore Bancshares Inc.    14,813 
296   Sierra Bancorp    11,242 
93,165   Simmons First National Corp., Class A Shares    1,998,389 
387   SmartFinancial Inc.    16,138 
269   South Plains Financial Inc.    10,919 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Banks - (continued)     
185   Southern First Bancshares Inc.*   $10,687 
734   Southside Bancshares Inc.    24,046 
511   Southstate Bank Corp.    48,417 
288   SR Bancorp Inc.    5,412 
1,571   State Street Corp.    244,510 
1,101   Stellar Bancorp Inc.    41,111 
534   Sterling Bancorp Inc.*(a)(c)    – 
671   Stock Yards Bancorp Inc.    48,138 
1,041   Texas Capital Bancshares Inc.*    103,569 
260   Third Coast Bancshares Inc.*    9,948 
316   Tompkins Financial Corp.    27,223 
2,091   Towne Bank    71,240 
719   TriCo Bancshares    36,525 
582   Triumph Financial Inc.*    41,467 
459   TrustCo Bank Corp. NY    23,781 
1,356   Trustmark Corp.    59,881 
1,714   UMB Financial Corp.    224,980 
135   Union Bankshares Inc.    3,118 
3,298   United Bankshares Inc.    143,166 
2,907   United Community Banks Inc.    95,786 
157   Unity Bancorp Inc.    8,770 
37,176   Univest Financial Corp.    1,466,221 
217,509   Valley National Bancorp    2,995,099 
106   Virginia National Bankshares Corp.    4,599 
857   Walker & Dunlop Inc.    43,013 
575   Washington Trust Bancorp Inc.    18,728 
852   Webster Financial Corp.    61,957 
2,278   WesBanco Inc.    78,933 
363   West BanCorp Inc.    8,690 
16,232   Westamerica BanCorp    900,714 
548   Western Alliance Bancorp    43,648 
647   Western New England Bancorp Inc.    8,586 
19,182   Wintrust Financial Corp.    2,881,712 
835   Zions Bancorp N.A.    52,146 
    Total Banks    43,571,551 
Diversified Financial Services - 2.3%     
694   Acadian Asset Management Inc.    50,183 
140   Affiliated Managers Group Inc.    42,399 
1,575   Ally Financial Inc.    67,426 
1,542   AlTi Global Inc.*    5,089 
516   Ameriprise Financial Inc.    229,986 
1,046   Ares Management Corp., Class A Shares    134,411 
1,504   Artisan Partners Asset Management Inc., Class A Shares    56,310 
189   Atlanticus Holdings Corp.*    16,296 
270   Bakkt Inc., Class A Shares*    2,935 
126   Better Home & Finance Holding Co., Class A Shares*(b)    3,675 
8,648   BGC Group Inc., Class A Shares    90,372 
3,540   Blue Owl Capital Inc., Class A Shares(b)    36,391 
1,120   Bread Financial Holdings Inc.    99,758 
4,597   Burford Capital Ltd.    21,330 
584   Cboe Global Markets Inc.    194,799 
630   Circle Internet Group Inc., Class A Shares*    71,190 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Diversified Financial Services - (continued)     
658   Cohen & Steers Inc.   $45,928 
1,239   Coinbase Global Inc., Class A Shares*    234,208 
629   Columbia Financial Inc.*    12,662 
487   Consumer Portfolio Services Inc.*    4,802 
24   Credit Acceptance Corp.*    13,767 
1,876   Dave Inc.*    530,083 
4,071   DigitalBridge Group Inc.    63,670 
750   Enact Holdings Inc.    31,343 
6,183   Encore Capital Group Inc.*    494,207 
587   Enova International Inc.*    94,806 
7,606   Evercore Inc., Class A Shares    2,592,581 
16,991   EZCORP Inc., Class A Shares*    530,799 
240   Federal Agricultural Mortgage Corp., Class C Shares    42,670 
163   Finance Of America Cos., Inc., Class A Shares*    3,247 
141   First Western Financial Inc.*    4,113 
1,553   Franklin Resources Inc.    48,174 
111   Freedom Holding Corp.*    15,853 
1,606   GCM Grosvenor Inc., Class A Shares    17,072 
200   Hamilton Lane Inc., Class A Shares    17,426 
276   Houlihan Lokey Inc., Class A Shares    39,098 
856   International Money Express Inc.*    12,814 
2,092   Invesco Ltd.    59,538 
624   Janus Henderson Group PLC    32,267 
777   Jefferies Financial Group Inc.    40,963 
604   Jefferson Capital Inc.    10,262 
495   Lazard Inc., Class A Shares    23,428 
28,049   LendingClub Corp.*    500,675 
311   LendingTree Inc.*    11,880 
3,009   loanDepot Inc., Class A Shares*    3,972 
444   LPL Financial Holdings Inc.    121,554 
1,309   Marex Group PLC    69,298 
344   Medallion Financial Corp.    3,347 
10,901   Miami International Holdings Inc.*    515,072 
1,752   Moelis & Co., Class A Shares    117,892 
29,317   Nasdaq Inc.    2,712,409 
1,639   Navient Corp.    14,030 
318   Nelnet Inc., Class A Shares    41,521 
1,244   NerdWallet Inc., Class A Shares*    10,698 
669   OneMain Holdings Inc., Class A Shares    37,002 
207   Onity Group Inc.*    7,150 
1,101   Oportun Financial Corp.*    5,967 
748   OppFi Inc.*    6,351 
4,206   Pagseguro Digital Ltd., Class A Shares    39,326 
888   Paysign Inc.*    6,456 
703   PennyMac Financial Services Inc.    58,961 
1,427   Perella Weinberg Partners, Class A Shares    24,487 
1,648   Piper Sandler Cos    129,220 
555   PJT Partners Inc., Class A Shares    84,860 
979   PRA Group Inc.*    14,940 
3,298   Radian Group Inc.    112,627 
974   Raymond James Financial Inc.    139,681 
287   Regional Management Corp.    10,550 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Diversified Financial Services - (continued)     
112   Resolute Holdings Management Inc.*   $13,326 
4,980   Rocket Cos., Inc., Class A Shares*    72,260 
509   Security National Financial Corp., Class A Shares*    4,937 
529   SEI Investments Co.    46,489 
167   Silvercrest Asset Management Group Inc., Class A Shares    1,892 
1,055   SLM Corp.    23,337 
6,739   SoFi Technologies Inc.*    122,785 
1,697   StepStone Group Inc., Class A Shares    83,679 
849   Stifel Financial Corp.    59,557 
16,349   StoneX Group Inc.*    1,853,159 
1,236   Strive Inc., Class B Shares*    21,840 
1,926   Synchrony Financial    137,593 
1,170   T Rowe Price Group Inc.    122,300 
1,225   TPG Inc.*(a)(c)    12 
804   TPG Inc., Class A Shares    34,226 
667   Tradeweb Markets Inc., Class A Shares    66,867 
2,092   Upstart Holdings Inc.*    70,689 
534   UWM Holdings Corp.    1,634 
211   Velocity Financial Inc.*    3,693 
1,063   Victory Capital Holdings Inc., Class A Shares    89,877 
426   Virtu Financial Inc., Class A Shares    21,364 
176   Virtus Investment Partners Inc.    25,173 
32,585   Voya Financial Inc.    2,646,554 
833   Wealthfront Corp.*    10,179 
6,436   Webull Corp.*    41,190 
1,928   Western Union Co.    15,675 
266   Westwood Holdings Group Inc.    4,378 
45,804   WisdomTree Inc.    872,566 
63   World Acceptance Corp.*    10,401 
2,053   XP Inc., Class A Shares    34,224 
    Total Diversified Financial Services    17,450,113 
Equity Real Estate Investment Trusts (REITs) - 3.6%     
3,161   Acadia Realty Trust    69,605 
222   ACRES Commercial Realty Corp.*    4,529 
2,177   Adamas Trust Inc.    20,028 
5,953   AGNC Investment Corp.    61,971 
28,827   Agree Realty Corp.    2,137,522 
2,285   AH Realty Trust Inc.    15,561 
50   Alexander’s Inc.    12,305 
879   Alexandria Real Estate Equities Inc.    43,669 
238   Alpine Income Property Trust Inc.    4,586 
1,245   American Assets Trust Inc.    29,008 
4,242   American Healthcare REIT Inc.    207,391 
1,896   American Homes 4 Rent, Class A Shares    60,824 
1,702   Americold Realty Trust Inc.    26,704 
290   Angel Oak Mortgage REIT Inc.    2,387 
3,799   Annaly Capital Management Inc.    83,008 
3,700   Apollo Commercial Real Estate Finance Inc.    40,552 
5,373   Apple Hospitality REIT Inc.    78,929 
4,891   Arbor Realty Trust Inc.    28,123 
1,981   Ares Commercial Real Estate Corp.    9,786 
2,500   ARMOUR Residential REIT Inc.    42,875 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Equity Real Estate Investment Trusts (REITs) - (continued)     
795   AvalonBay Communities Inc.   $145,095 
3,915   Blackstone Mortgage Trust Inc., Class A Shares    71,566 
1,207   Braemar Hotels & Resorts Inc.    2,969 
4,307   Brandywine Realty Trust    13,352 
3,263   BrightSpire Capital Inc., Class A Shares    18,827 
1,703   Brixmor Property Group Inc.    52,044 
4,564   Broadstone Net Lease Inc., Class A Shares    92,330 
219   BRT Apartments Corp.    3,173 
878   BXP Inc.    52,689 
591   Camden Property Trust    62,977 
5,397   CareTrust REIT Inc.    220,306 
433   CBL & Associates Properties Inc.    20,823 
474   Centerspace    31,985 
1,602   Chatham Lodging Trust    17,382 
367   Chicago Atlantic Real Estate Finance Inc.    4,173 
123,785   Chimera Investment Corp.    1,685,952 
287   Chiron Real Estate Inc.    10,343 
3,235   Claros Mortgage Trust Inc.*    7,861 
642   Community Healthcare Trust Inc.    11,055 
66,831   COPT Defense Properties    2,142,602 
1,001   Cousins Properties Inc.    26,837 
2,417   Crown Castle Inc.    221,155 
41,275   CTO Realty Growth Inc.    848,201 
1,307   CubeSmart    52,280 
2,310   Curbline Properties Corp.    67,290 
4,861   DiamondRock Hospitality Co.    53,422 
1,912   Digital Realty Trust Inc.    363,280 
5,365   Diversified Healthcare Trust    44,637 
3,882   Douglas Emmett Inc.    45,186 
4,741   Dynex Capital Inc.    62,060 
1,009   Easterly Government Properties Inc., Class A Shares    24,196 
9,935   EastGroup Properties Inc.    2,005,976 
3,026   Ellington Financial Inc.    41,063 
3,495   Empire State Realty Trust Inc., Class A Shares    20,026 
431   EPR Properties    24,589 
1,652   Equinix Inc.    1,764,402 
1,040   Equity LifeStyle Properties Inc.    64,241 
2,139   Equity Residential    139,998 
4,685   Essential Properties Realty Trust Inc.    143,267 
345   Essex Property Trust Inc.    94,061 
1,171   Extra Space Storage Inc.    168,987 
1,048   Farmland Partners Inc.    10,763 
469   Federal Realty Investment Trust    56,106 
204   Fermi Inc.*    1,424 
741   First Industrial Realty Trust Inc.    45,846 
2,395   Four Corners Property Trust Inc.    59,635 
2,113   Franklin BSP Realty Trust Inc.    18,320 
1,845   Franklin Street Properties Corp.    973 
475   FrontView REIT Inc.    8,426 
1,461   Gaming & Leisure Properties Inc.    68,623 
1,294   Getty Realty Corp.    42,094 
1,339   Gladstone Commercial Corp.    16,885 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Equity Real Estate Investment Trusts (REITs) - (continued)     
760   Gladstone Land Corp.   $7,205 
4,704   Global Net Lease Inc.    44,076 
1,930   Healthcare Realty Trust Inc., Class A Shares    38,446 
3,965   Healthpeak Properties Inc.    75,930 
602   Highwoods Properties Inc.    15,712 
3,929   Host Hotels & Resorts Inc.    90,288 
1,205   Hudson Pacific Properties Inc.*    14,436 
5,618   Independence Realty Trust Inc.    91,180 
1,352   Industrial Logistics Properties Trust    12,127 
657   Innovative Industrial Properties Inc., Class A Shares    38,099 
1,863   InvenTrust Properties Corp.    61,721 
1,624   Invesco Mortgage Capital Inc.    12,781 
3,311   Invitation Homes Inc.    96,847 
1,636   Iron Mountain Inc.    209,817 
1,518   JBG SMITH Properties    22,269 
687   Kilroy Realty Corp.    23,543 
3,733   Kimco Realty Corp.    89,891 
5,129   Kite Realty Group Trust    140,637 
1,468   KKR Real Estate Finance Trust Inc.    9,792 
2,949   Ladder Capital Corp., Class A Shares    30,139 
487   Lamar Advertising Co., Class A Shares    74,248 
362   Lineage Inc.    16,076 
1,227   LTC Properties Inc.    45,902 
1,707   Lument Finance Trust Inc.    1,792 
1,396   LXP Industrial Trust    72,089 
6,633   Macerich Co.    149,375 
3,362   Medical Properties Trust Inc.    17,180 
2,656   MFA Financial Inc.    25,498 
648   Mid-America Apartment Communities Inc.    83,637 
830   Millrose Properties Inc.    23,423 
318   Modiv Industrial Inc., Class C Shares    5,775 
1,113   National Health Investors Inc.    81,572 
43,978   National Storage Affiliates Trust    1,875,662 
354   NET Lease Office Properties    4,252 
1,996   NETSTREIT Corp.    40,439 
196   NexPoint Real Estate Finance Inc.    3,060 
580   NexPoint Residential Trust Inc.    16,855 
1,056   NNN REIT Inc.    47,003 
1,640   Omega Healthcare Investors Inc.    76,686 
364   One Liberty Properties Inc.    8,572 
4,397   Orchid Island Capital Inc.    29,812 
3,581   Outfront Media Inc.    115,451 
1,181   Park Hotels & Resorts Inc.    14,326 
2,670   Pebblebrook Hotel Trust    40,717 
2,247   PennyMac Mortgage Investment Trust    23,504 
3,054   Phillips Edison & Co., Inc.    122,618 
3,200   Piedmont Realty Trust Inc., Class A Shares*    26,592 
814   Postal Realty Trust Inc., Class A Shares    18,755 
1,613   Rayonier Inc.    33,696 
4,168   Ready Capital Corp.    7,419 
5,089   Realty Income Corp.    311,854 
3,370   Redwood Trust Inc.    18,265 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Equity Real Estate Investment Trusts (REITs) - (continued)     
1,034   Regency Centers Corp.   $79,980 
1,301   Rexford Industrial Realty Inc.    46,146 
3,036   Rithm Capital Corp.    28,296 
250   Rithm Property Trust Inc.    3,660 
2,944   RLJ Lodging Trust    28,645 
1,466   Ryman Hospitality Properties Inc.    168,781 
5,910   Sabra Health Care REIT Inc.    117,550 
1,335   Safehold Inc.    19,985 
315   Saul Centers Inc.    10,918 
588   SBA Communications Corp., Class A Shares    119,458 
12,977   Service Properties Trust    23,229 
885   Seven Hills Realty Trust    7,549 
1,307   Sila Realty Trust Inc.    39,524 
1,801   Simon Property Group Inc.    369,043 
1,157   SITE Centers Corp.    5,843 
1,738   SL Green Realty Corp.    78,905 
1,320   Smartstop Self Storage REIT Inc.    41,250 
49,739   STAG Industrial Inc.    1,883,616 
81,922   Starwood Property Trust Inc.    1,399,228 
354   Strawberry Fields REIT Inc.    4,644 
2,608   Summit Hotel Properties Inc.    15,048 
685   Sun Communities Inc.    84,707 
400   Sunrise Realty Trust Inc.    3,560 
4,571   Sunstone Hotel Investors Inc.    49,458 
2,694   Tanger Inc.    97,173 
2,412   Terreno Realty Corp.    158,444 
569   TPG Mortgage Investment Trust Inc.    4,393 
1,453   TPG RE Finance Trust Inc.    12,205 
2,688   Two Harbors Investment Corp.    33,143 
1,843   UDR Inc.    68,007 
2,039   UMH Properties Inc.    30,626 
307   Universal Health Realty Income Trust    12,725 
3,045   Urban Edge Properties    68,330 
24,423   Ventas Inc.    2,061,790 
6,062   VICI Properties Inc., Class A Shares    171,070 
888   Vornado Realty Trust    29,970 
3,932   Weyerhaeuser Co.    96,373 
1,220   Whitestone REIT, Class B Shares    23,278 
1,209   WP Carey Inc.    89,974 
2,240   Xenia Hotels & Resorts Inc.    38,909 
    Total Equity Real Estate Investment Trusts (REITs)    26,433,590 
Insurance - 1.7%     
981   Abacus Global Management Inc.    8,809 
1,467   Allstate Corp.    302,334 
525   American Coastal Insurance Corp.    5,486 
381   American Financial Group Inc.    49,454 
287   American Integrity Insurance Group Inc.    4,695 
489   AMERISAFE Inc.    14,988 
1,954   Arch Capital Group Ltd.*    174,570 
12,400   Arthur J Gallagher & Co.    2,493,764 
286   Assurant Inc.    71,177 
229   Assured Guaranty Ltd.    16,994 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Insurance - (continued)     
217   Ategrity Specialty Holdings LLC*   $4,234 
384   Axis Capital Holdings Ltd.    36,453 
2,271   Baldwin Insurance Group Inc., Class A Shares*    44,103 
435   Bowhead Specialty Holdings Inc.*    11,580 
352   Brighthouse Financial Inc.*    22,018 
1,605   Brown & Brown Inc.    90,281 
875   Cincinnati Financial Corp.    137,743 
1,628   Citizens Inc., Class A Shares*    8,449 
113   CNA Financial Corp.    4,753 
2,238   CNO Financial Group Inc.    102,881 
1,465   Corebridge Financial Inc.    39,555 
327   Crawford & Co., Class A Shares    3,417 
483   Donegal Group Inc., Class A Shares    8,197 
1,016   eHealth Inc.*    1,575 
640   Employers Holdings Inc.    27,840 
1,575   Equitable Holdings Inc.    65,126 
2,234   Essent Group Ltd.    129,326 
236   Everest Group Ltd.    76,471 
183   Exzeo Group Inc.*    2,535 
875   F&G Annuities & Life Inc.    24,255 
1,466   Fidelity National Financial Inc.    69,415 
21,322   First American Financial Corp.    1,412,156 
9,916   Genworth Financial Inc., Class A Shares*    84,881 
462   Globe Life Inc.    70,797 
298   GoHealth Inc., Class A Shares*    191 
571   Goosehead Insurance Inc., Class A Shares*    19,637 
622   Greenlight Capital Re Ltd., Class A Shares*    9,747 
1,048   Hamilton Insurance Group Ltd., Class B Shares    31,031 
10,406   Hanover Insurance Group Inc.    1,937,597 
1,561   Hartford Insurance Group Inc.    198,450 
251   HCI Group Inc.    38,672 
553   Heritage Insurance Holdings Inc.*    11,989 
470   Hippo Holdings Inc.*    12,159 
967   Horace Mann Educators Corp.    44,221 
31   Investors Title Co.    7,277 
1,633   Jackson Financial Inc., Class A Shares    168,379 
1,462   James River Group Holdings Inc.    5,716 
352   Kemper Corp.    8,684 
79   Kestrel Group Ltd.*    888 
388   Kingstone Cos., Inc.    5,770 
301   Kingsway Corp.*    3,007 
113   Kinsale Capital Group Inc.    34,439 
1,427   Lemonade Inc.*    82,766 
853   Lincoln National Corp.    30,102 
937   Loews Corp.    97,026 
69   Markel Group Inc.*    125,276 
900   MBIA Inc.*    5,283 
634   Mercury General Corp.    62,151 
63,936   MGIC Investment Corp.    1,612,466 
211   NI Holdings Inc.*    2,950 
30,059   NMI Holdings Inc., Class A Shares*    1,079,118 
1,080   Octave Specialty Group Inc.*    5,918 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Insurance - (continued)     
1,291   Old Republic International Corp.   $48,064 
637   Palomar Holdings Inc.*    68,185 
1,416   Pelagos Insurance Capital Ltd.    30,557 
185   Primerica Inc.    49,944 
1,218   Principal Financial Group Inc.    126,209 
1,283   ProAssurance Corp.*    30,779 
1,924   Prudential Financial Inc.    193,631 
378   Reinsurance Group of America Inc., Class A Shares    75,880 
244   RenaissanceRe Holdings Ltd.    68,405 
410   RLI Corp.    20,516 
250   Root Inc., Class A Shares*    13,015 
530   Ryan Specialty Holdings Inc., Class A Shares    16,881 
379   Safety Insurance Group Inc.    26,594 
1,428   Selective Insurance Group Inc.    123,579 
3,276   Selectquote Inc.*    3,276 
2,562   SiriusPoint Ltd.*    54,699 
852   Skyward Specialty Insurance Group Inc.*    37,590 
1,677   Slide Insurance Holdings Inc.*    30,236 
712   Stewart Information Services Corp.    46,266 
592   Tiptree Inc.    10,798 
884   Trupanion Inc.*    19,289 
567   United Fire Group Inc.    25,135 
674   Universal Insurance Holdings Inc.    24,952 
888   Unum Group    73,908 
15   White Mountains Insurance Group Ltd.    30,972 
528   Willis Towers Watson PLC    131,826 
1,248   WR Berkley Corp.    79,298 
    Total Insurance    12,721,706 
Investment Companies - 0.9%     
7,736   Bit Digital Inc.*    15,627 
2,912   Bitdeer Technologies Group, Class A Shares*(b)    50,931 
643   Brookfield Business Corp., Class A Shares    21,110 
994   Cannae Holdings Inc.    14,741 
74,692   Cipher Digital Inc.*    1,766,466 
5,998   Cleanspark Inc.*    109,703 
6,934   Core Scientific Inc.*    186,178 
2,947   HA Sustainable Infrastructure Capital Inc., REIT    120,827 
6,441   Hut 8 Corp.*    804,030 
78,835   Innventure Inc.*    420,190 
9,041   MARA Holdings Inc.*    130,010 
8,505   Riot Platforms Inc.*    230,570 
121,259   Terawulf Inc.*    3,099,380 
    Total Investment Companies    6,969,763 
Private Equity - 0.0%     
1,419   Carlyle Group Inc.    64,465 
1,705   Patria Investments Ltd., Class A Shares    19,761 
1,605   Ridgepost Capital Inc., Class A Shares    13,289 
    Total Private Equity    97,515 
Real Estate - 0.5%     
1,658   CBRE Group Inc., Class A Shares*    207,316 
15,299   Compass Inc., Class A Shares*    125,911 
2,321   CoStar Group Inc.*    74,736 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Real Estate - (continued)     
5,823   Cushman & Wakefield Ltd.*   $72,438 
2,537   Douglas Elliman Inc.*    4,567 
2,112   eXp World Holdings Inc.    10,391 
306   FRP Holdings Inc.*    7,072 
173   Howard Hughes Holdings Inc.*    10,960 
256   Jones Lang LaSalle Inc.*    72,271 
2,946   Kennedy-Wilson Holdings Inc.    32,435 
241   Legacy Housing Corp.*    5,786 
598   Marcus & Millichap Inc.    16,888 
190   Maui Land & Pineapple Co., Inc.*    3,217 
590   McGrath RentCorp    64,304 
197,526   Newmark Group Inc., Class A Shares    2,759,438 
638   RE/MAX Holdings Inc., Class A Shares*    6,087 
2,345   Real Brokerage Inc.*    4,221 
595   RMR Group Inc., Class A Shares    11,870 
242   Seaport Entertainment Group Inc.*    6,111 
593   Sky Harbour Group Corp., Class A Shares*    5,568 
949   St Joe Co.    60,385 
128   Stratus Properties Inc.*    3,660 
    Total Real Estate    3,565,632 
Savings & Loans - 0.1%     
1,306   Axos Financial Inc.*    113,505 
3,122   Banc of California Inc.    60,005 
2,060   Beacon Financial Corp.    59,925 
294   BV Financial Inc.*    5,771 
3,137   Capitol Federal Financial Inc.    24,375 
94   CF Bankshares Inc.    2,681 
323   Citizens Community Bancorp Inc.    6,589 
255   Eagle Bancorp Montana Inc.    5,658 
84   Finward Bancorp    2,770 
109   First Capital Inc.    6,737 
987   Flushing Financial Corp.    15,762 
236   FS Bancorp Inc.    9,608 
248   Greene County Bancorp Inc.    6,508 
36   Hingham Institution For Savings The    10,418 
156   Home Bancorp Inc.    10,043 
350   HomeTrust Bancshares Inc.    16,265 
882   Northfield Bancorp Inc.    12,507 
3,592   Northwest Bancshares Inc.    50,827 
1,479   OceanFirst Financial Corp.    27,790 
3,057   Provident Financial Services Inc.    67,835 
725   Riverview Bancorp Inc.    4,067 
80   Sound Financial Bancorp Inc.    3,338 
233   Southern Missouri Bancorp Inc.    16,091 
210   TFS Financial Corp.    3,341 
153   Timberland Bancorp Inc.    6,209 
1,927   WaFd Inc.    68,524 
338   Waterstone Financial Inc.    6,256 
1,268   WSFS Financial Corp.    90,599 
    Total Savings & Loans    714,004 
    TOTAL FINANCIAL    111,523,874 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
GOVERNMENT - 0.0%
Multi-National - 0.0%
696   Banco Latinoamericano de Comercio Exterior SA, Class E Shares   $38,865 
INDUSTRIAL - 22.6%     
Aerospace/Defense - 2.7%     
904   AAR Corp.*    101,809 
892   AeroVironment Inc.*    184,858 
782   AerSale Corp.*    5,153 
14,928   Aevex Corp., Class A Shares*    574,280 
488   AIRO Group Holdings Inc.*    4,382 
64,424   Amprius Technologies Inc.*    1,306,519 
15,162   Archer Aviation Inc., Class A Shares*    103,253 
7,430   Astronics Corp.*    646,410 
11,408   ATI Inc.*    1,998,225 
789   Beta Technologies Inc., Class A Shares*    14,470 
4,523   Curtiss-Wright Corp.    3,381,440 
343   Ducommun Inc.*    52,211 
1,635   Eve Holding Inc.*    5,641 
507   Firefly Aerospace Inc.*    23,570 
7,934   FTAI Aviation Ltd.    2,065,538 
237   HEICO Corp.    82,519 
411   HEICO Corp., Class A Shares    106,782 
22,937   Hexcel Corp.    2,059,513 
2,243   Howmet Aerospace Inc.    579,255 
2,558   Intuitive Machines Inc., Class A Shares*    112,117 
13,902   Joby Aviation Inc.*    165,434 
8,700   Karman Holdings Inc.*    500,250 
4,312   Kratos Defense & Security Solutions Inc.*    276,529 
1,038   L3Harris Technologies Inc.    327,157 
467   Leonardo DRS Inc.    22,771 
252   Loar Holdings Inc.*    16,249 
8,966   Mercury Systems Inc.*    1,001,502 
663   Moog Inc., Class A Shares    238,660 
122   National Presto Industries Inc.    15,442 
2,210   Red Cat Holdings Inc.*(b)    32,045 
2,516   Redwire Corp.*    61,818 
23,221   Rocket Lab Corp.*    3,331,749 
1,338   StandardAero Inc.*    38,320 
7,416   Voyager Technologies Inc., Class A Shares*    367,315 
422   York Space Systems Inc.*(b)    13,774 
    Total Aerospace/Defense    19,816,960 
Building Materials - 1.1%     
376   AAON Inc.    52,715 
762   AirJoule Technologies Corp., Class A Shares*    3,421 
573   Apogee Enterprises Inc.    22,009 
217   Armstrong World Industries Inc.    34,264 
1,498   Aspen Aerogels Inc.*    9,587 
919   Boise Cascade Co.    64,073 
573   Builders FirstSource Inc.*    43,697 
221   Carlisle Cos., Inc.    76,203 
166   Eagle Materials Inc.    36,716 
608   Fortune Brands Innovations Inc.    23,676 
709   Gibraltar Industries Inc.*    27,403 
943   Griffon Corp.    82,965 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Building Materials - (continued)     
1,241   Hayward Holdings Inc.*   $17,510 
885   James Hardie Industries PLC*    20,603 
2,225   JELD-WEN Holding Inc.*    4,806 
1,357   Knife River Corp.*    106,538 
169   Lennox International Inc.    84,865 
315   Louisiana-Pacific Corp.    24,060 
683   LSI Industries Inc.    16,549 
37,213   Madison Air Solutions Corp., Class A Shares*    1,617,649 
335   Martin Marietta Materials Inc.    194,849 
1,180   Masco Corp.    82,895 
4,792   Masterbrand Inc.*    41,595 
8,522   Modine Manufacturing Co.*    2,376,871 
256   Mohawk Industries Inc.*    27,500 
226   NWPX Infrastructure Inc.*    26,659 
435   Owens Corning    54,732 
211   Simpson Manufacturing Co., Inc.    40,035 
30   Smith-Midland Corp.*    961 
1,137   SPX Technologies Inc.*    246,342 
579   Tecnoglass Inc.    24,949 
762   Titan America SA*    12,398 
535   Trex Co., Inc.*    22,149 
1,371   UFP Industries Inc.    111,051 
9,739   Vulcan Materials Co.    2,755,358 
    Total Building Materials    8,387,653 
Electrical Components & Equipment - 0.9%     
173   Acuity Inc.    52,784 
1,063   American Superconductor Corp.*    54,149 
1,285   AMETEK Inc.    290,217 
722   AZZ Inc.    97,838 
18,463   Belden Inc.    1,940,092 
1,561   Energizer Holdings Inc.    28,441 
880   EnerSys    200,614 
2,719   Generac Holdings Inc.*    755,637 
9,212   Graham Corp.*    922,490 
446   Insteel Industries Inc.    12,261 
145   Littelfuse Inc.    67,696 
17,521   nLight Inc.*    1,298,657 
874   Novanta Inc.*    139,254 
2,266   Powell Industries Inc.    644,496 
221   Universal Display Corp.    20,359 
    Total Electrical Components & Equipment    6,524,985 
Electronics - 3.3%     
11,570   Advanced Energy Industries Inc.    3,496,223 
480   Allegion PLC    62,434 
10,065   Allient Inc.    796,745 
11,555   Applied Optoelectronics Inc.*    1,830,428 
296   Arrow Electronics Inc.*    63,530 
26,485   Arxis Inc., Class A Shares*    1,189,971 
825   Atkore Inc.    68,318 
2,009   Atmus Filtration Technologies Inc.    93,981 
425   Avnet Inc.    36,945 
700   Badger Meter Inc.    86,730 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Electronics - (continued)     
39   Bel Fuse Inc., Class A Shares   $9,553 
284   Bel Fuse Inc., Class B Shares    77,964 
838   Benchmark Electronics Inc.    70,777 
8,945   Coherent Corp.*    3,233,349 
683   CTS Corp.    43,855 
4,612   Enovix Corp.*(b)    36,804 
3,884   ESCO Technologies Inc.    1,133,740 
3,272   Evolv Technologies Holdings Inc.*    21,104 
2,046   Flex Ltd.*    308,496 
1,760   Fortive Corp.    102,643 
906   Garmin Ltd.    211,932 
298   Hubbell Inc., Class B Shares    141,136 
171   Ingram Micro Holding Corp.    4,831 
1,078   Itron Inc.*    88,913 
5,857   Jabil Inc.    2,135,228 
956   Keysight Technologies Inc.*    323,443 
569   Kimball Electronics Inc.*    14,754 
2,027   Knowles Corp.*    75,830 
4,883   Kopin Corp.*    27,882 
1,149   KULR Technology Group Inc.*    5,492 
126   Mesa Laboratories Inc.    12,855 
112   Mettler-Toledo International Inc.*    132,225 
6,353   MicroVision Inc.*(b)    3,854 
5,720   Mirion Technologies Inc., Class A Shares*    104,562 
72   M-Tron Industries Inc.*    6,552 
916   Napco Security Technologies Inc.    34,377 
344   Neonode Inc.*    588 
107   NVE Corp.    10,480 
11,868   nVent Electric PLC    1,981,837 
387   OSI Systems Inc.*    83,882 
648   Plexus Corp.*    173,897 
655   Ralliant Corp.    40,525 
1,283   Sanmina Corp.*    333,234 
883   Sensata Technologies Holding PLC    43,611 
2,136   SKYX Platforms Corp.*    2,414 
7,257   Standard BioTools Inc.*    8,346 
10,533   TD SYNNEX Corp.    2,752,062 
1,307   Trimble Inc.*    73,728 
2,458   TTM Technologies Inc.*    427,004 
358   Turtle Beach Corp.*    4,668 
4,125   Vicor Corp.*    1,381,215 
2,885   Vishay Intertechnology Inc.    150,164 
739   Vontier Corp.    20,973 
2,826   Woodward Inc.    989,185 
    Total Electronics    24,565,269 
Engineering & Construction - 2.3%     
502   908 Devices Inc.*    4,222 
680   AECOM    47,172 
1,145   Arcosa Inc.    145,129 
318   Argan Inc.    212,112 
408   Bowman Consulting Group Ltd.*    12,864 
15,027   Cardinal Infrastructure Group Inc., Class A Shares*    779,751 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Engineering & Construction - (continued)     
2,091   Centuri Holdings Inc.*   $64,277 
1,901   Comfort Systems USA Inc.    3,475,427 
473   Concrete Pumping Holdings Inc.*    3,699 
12,734   Construction Partners Inc., Class A Shares*    1,483,129 
693   Dycom Industries Inc.*    353,430 
2,055   EMCOR Group Inc.    1,699,115 
413   Energy Services of America Corp.    6,166 
9,707   Everus Construction Group Inc.*    1,444,110 
1,227   Exponent Inc.    71,559 
3,797   Fluor Corp.*    173,751 
1,730   Frontdoor Inc.*    107,381 
1,032   Granite Construction Inc.    141,219 
217   IES Holdings Inc.*    147,202 
625   Jacobs Solutions Inc.    74,913 
1,034   Latham Group Inc.*    5,460 
258   Limbach Holdings Inc.*    19,982 
5,089   MasTec Inc.*    1,925,525 
400   Mistras Group Inc.*    7,032 
1,243   MYR Group Inc.*    578,070 
1,271   Orion Group Holdings Inc.*    17,489 
18,476   Primoris Services Corp.    2,323,911 
1,955   Sterling Infrastructure Inc.*    1,682,942 
164   TopBuild Corp.*    68,467 
13,607   TSS Inc.*    224,243 
1,117   Tutor Perini Corp.    79,854 
    Total Engineering & Construction    17,379,603 
Environmental Control - 0.9%     
1,171   Arq Inc.*    3,232 
1,482   Casella Waste Systems Inc., Class A Shares*    121,776 
19,518   CECO Environmental Corp.*    1,458,971 
8,669   Clean Harbors Inc.*    2,436,249 
1,458   Energy Recovery Inc.*    11,912 
1,897   Enviri Corp.*    39,363 
807   Onterris Inc.*    12,920 
898   Pentair PLC    63,614 
624   Perma-Fix Environmental Services Inc.*    6,128 
711   Pure Cycle Corp.*    7,359 
3,229   PureCycle Technologies Inc.*(b)    40,007 
1,360   Tetra Tech Inc.    37,386 
1,375   Veralto Corp.    113,066 
10,600   Waste Management Inc.    2,241,476 
    Total Environmental Control    6,593,459 
Hand/Machine Tools - 0.7%     
664   Cadre Holdings Inc.    20,677 
28,894   Enerpac Tool Group Corp., Class A Shares    967,660 
963   Franklin Electric Co., Inc.    94,740 
1,838   Kennametal Inc.    60,286 
15,838   Lincoln Electric Holdings Inc.    4,093,965 
606   Luxfer Holdings PLC, ADR    10,320 
186   MSA Safety Inc.    30,839 
281   Snap-on Inc.    104,310 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Hand/Machine Tools - (continued)     
860   Stanley Black & Decker Inc.   $68,301 
    Total Hand/Machine Tools    5,451,098 
Machinery-Construction & Mining - 1.7%     
6,018   Astec Industries Inc.    303,066 
44,858   Babcock & Wilcox Enterprises Inc.*    827,630 
18,731   Bloom Energy Corp., Class A Shares*    5,338,335 
18,457   BWX Technologies Inc.    3,615,357 
24,745   Forgent Power Solutions Inc., Class A Shares*    1,352,562 
288   Hyster-Yale Inc.    10,460 
604   Lightbridge Corp.*    6,934 
779   Manitowoc Co., Inc.*    9,216 
944   NANO Nuclear Energy Inc.*(b)    27,263 
3,777   NuScale Power Corp.*    47,855 
323   Oshkosh Corp.    41,990 
2,725   Terex Corp.    158,540 
2,128   Vertiv Holdings Co., Class A Shares    671,831 
    Total Machinery-Construction & Mining    12,411,039 
Machinery-Diversified - 3.1%     
795   Aebi Schmidt Holding AG    9,922 
312   AGCO Corp.    35,031 
269   Alamo Group Inc.    40,541 
721   Albany International Corp., Class A Shares    46,642 
6,053   Applied Industrial Technologies Inc.    1,838,962 
43,484   Cactus Inc., Class A Shares    2,523,811 
1,067   Chart Industries Inc.*    221,744 
4,914   CNH Industrial NV    50,172 
965   Cognex Corp.    63,545 
724   Columbus McKinnon Corp.    11,555 
14,075   Crane Co.    2,575,725 
394   CSW Industrials Inc.    109,126 
11,756   Dover Corp.    2,484,748 
4,079   DXP Enterprises Inc.*    591,700 
1,396   Eastman Kodak Co.*    13,848 
287   ESAB Corp.    26,527 
31,056   Flowserve Corp.    2,345,039 
121,973   Gates Industrial Corp. PLC*    3,161,540 
241   Gencor Industries Inc.*    3,401 
517   Gorman-Rupp Co.    38,749 
928   Graco Inc.    70,018 
8,633   Ichor Holdings Ltd.*    617,432 
422   IDEX Corp.    88,970 
2,217   Ingersoll Rand Inc.    158,826 
284   Kadant Inc.    90,647 
281   Lindsay Corp.    30,710 
255   Middleby Corp.*    39,528 
3,765   Mueller Water Products Inc., Class A Shares    94,916 
304   Nordson Corp.    87,348 
2,154   Otis Worldwide Corp.    152,589 
853   Palladyne AI Corp.*(b)    7,191 
199   Power Solutions International Inc.*    8,294 
79   Pro-Dex Inc.*    5,117 
13,073   Regal Rexnord Corp.    2,637,608 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Machinery-Diversified - (continued)     
4,056   Richtech Robotics Inc., Class B Shares*   $12,249 
632   Rockwell Automation Inc.    285,070 
14,098   Symbotic Inc., Class A Shares*    654,500 
497   Tennant Co.    42,797 
849   Thermon Group Holdings Inc.*    51,908 
561   Toro Co.    50,423 
648   Watts Water Technologies Inc., Class A Shares    200,219 
947   Westinghouse Air Brake Technologies Corp.    247,319 
1,352   Xylem Inc.    148,098 
24,429   Zurn Elkay Water Solutions Corp.    1,148,163 
    Total Machinery-Diversified    23,122,268 
Metal Fabricate/Hardware - 2.2%     
406   Advanced Drainage Systems Inc.    56,499 
296   Ascent Industries Co.*    4,011 
254   Eastern Co.    5,469 
32,312   Helios Technologies Inc.    2,684,804 
5,188   Hillman Solutions Corp.*    38,702 
3,648   Janus International Group Inc.*    19,480 
187   L B Foster Co., Class A Shares*    7,693 
26,419   Mayville Engineering Co., Inc.*    709,350 
1,040   Metallus Inc.*    20,436 
605   Mueller Industries Inc.    77,803 
59   Omega Flex Inc.    1,784 
305   Park-Ohio Holdings Corp.    9,931 
10,261   Proto Labs Inc.*    777,373 
3,238   RBC Bearings Inc.*    1,852,006 
1,036   Ryerson Holding Corp.    29,630 
12,170   Standex International Corp.    3,371,212 
350   Timken Co.    44,793 
890   Tredegar Corp.*    6,951 
6,392   Valmont Industries Inc.    3,322,626 
750   Worthington Enterprises Inc.    42,577 
844   Worthington Steel Inc.    35,608 
35,062   Xometry Inc., Class A Shares*    3,341,058 
    Total Metal Fabricate/Hardware    16,459,796 
Miscellaneous Manufacturer - 1.8%     
585   AO Smith Corp.    33,181 
2,211   Avient Corp.    78,314 
415   Axon Enterprise Inc.*    186,219 
467   Byrna Technologies Inc.*    2,914 
141   Core Molding Technologies Inc.*    3,340 
24,204   Donaldson Co., Inc.    1,981,582 
12,472   Enpro Inc.    3,828,779 
2,551   Fabrinet*    1,668,762 
1,416   Federal Signal Corp.    151,087 
12,268   ITT Inc.    2,392,260 
1,232   JBT Marel Corp.    165,569 
12,903   LSB Industries Inc.*    161,804 
503   Materion Corp.    110,680 
844   Myers Industries Inc.    19,243 
501   NLI Holdings Inc.    3,041 
1,659   Outdoor Holding Co.*    3,418 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Miscellaneous Manufacturer - (continued)     
381   Park Aerospace Corp.   $12,142 
1,044   Sight Sciences Inc.*    5,074 
1,056   Smith & Wesson Brands Inc.    16,072 
408   Sturm Ruger & Co., Inc.    15,949 
3,521   Teledyne Technologies Inc.*    2,182,421 
999   Textron Inc.    91,668 
1,957   Trinity Industries Inc.    63,485 
    Total Miscellaneous Manufacturer    13,177,004 
Packaging & Containers - 0.3%     
2,485   Amcor PLC    96,468 
334   AptarGroup Inc.    38,694 
3,524   Ardagh Metal Packaging SA    14,202 
1,453   Ball Corp.    79,436 
377   Clearwater Paper Corp.*    6,145 
663   Crown Holdings Inc.    63,038 
1,498   Graphic Packaging Holding Co.    16,867 
570   Greif Inc., Class A Shares    36,098 
104   Greif Inc., Class B Shares    8,351 
140   Karat Packaging Inc.    3,797 
64,018   O-I Glass Inc.*    560,157 
485   Packaging Corp. of America    106,171 
933   Ranpak Holdings Corp., Class A Shares*    6,438 
30,602   Silgan Holdings Inc.    1,149,411 
2,950   Smurfit Westrock PLC    121,393 
579   Sonoco Products Co.    28,186 
769   TriMas Corp.    31,475 
    Total Packaging & Containers    2,366,327 
Shipbuilding - 0.0%     
217   Huntington Ingalls Industries Inc.    66,873 
Transportation - 1.6%     
7,391   ArcBest Corp.    1,010,276 
953   Ardmore Shipping Corp.    15,324 
7,722   CH Robinson Worldwide Inc.    1,379,535 
199   Costamare Bulkers Holdings Ltd.*    3,212 
999   Costamare Inc.    15,365 
372   Covenant Logistics Group Inc., Class A Shares    14,768 
1,557   CryoPort Inc.*    24,429 
3,001   DHT Holdings Inc.    48,976 
935   Dorian LPG Ltd.    37,606 
751   Expeditors International of Washington Inc.    118,651 
768   FLEX LNG Ltd.    22,863 
638   Forward Air Corp.*    6,750 
751   Genco Shipping & Trading Ltd.    18,069 
574   GXO Logistics Inc.*    28,763 
1,098   Heartland Express Inc.    16,459 
643   Himalaya Shipping Ltd.*    9,484 
1,426   Hub Group Inc., Class A Shares    59,236 
954   International Seaways Inc.    73,639 
5,571   JB Hunt Transport Services Inc.    1,539,992 
285   Kirby Corp.*    40,068 
24,402   Knight-Swift Transportation Holdings Inc., Class A Shares    1,845,523 
172   Landstar System Inc.    35,587 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
INDUSTRIAL - (continued)
Transportation - (continued)     
1,480   Marten Transport Ltd.   $25,515 
732   Matson Inc.    132,712 
683   Navigator Holdings Ltd.    14,821 
5,082   Nordic American Tankers Ltd.    26,172 
1,038   Old Dominion Freight Line Inc.    233,706 
309   PAMT Corp.*    4,181 
665   Pangaea Logistics Solutions Ltd.    5,034 
539   Proficient Auto Logistics Inc.*    2,948 
1,217   Radiant Logistics Inc.*    10,332 
23,866   RXO Inc.*    610,492 
203   Ryder System Inc.    50,923 
1,214   Safe Bulkers Inc.    7,588 
4,558   Saia Inc.*    2,153,062 
242   Schneider National Inc., Class B Shares    8,552 
1,033   Scorpio Tankers Inc.    76,969 
2,817   SFL Corp., Ltd, Class B Shares    31,100 
1,378   Teekay Corp., Ltd    15,806 
620   Teekay Tankers Ltd., Class A Shares    43,617 
268   Universal Logistics Holdings Inc.    4,264 
1,424   Werner Enterprises Inc.    59,110 
1,308   World Kinect Corp.    37,684 
9,284   XPO Inc.*    1,989,097 
    Total Transportation    11,908,260 
Trucking & Leasing - 0.0%     
847   GATX Corp.    143,211 
718   Greenbrier Cos., Inc.    33,825 
67   Willis Lease Finance Corp.    11,859 
    Total Trucking & Leasing    188,895 
    TOTAL INDUSTRIAL    168,419,489 
TECHNOLOGY - 11.4%     
Computers - 2.0%     
3,019   3D Systems Corp.*    10,778 
619   Amdocs Ltd.    38,978 
949   Amentum Holdings Inc.*    22,045 
4,599   CACI International Inc., Class A Shares*    2,361,632 
2,678   Cognizant Technology Solutions Corp., Class A Shares    149,312 
4,943   Conduent Inc.*    8,551 
1,390   Corsair Gaming Inc.*    16,875 
274   Crane NXT Co.    10,642 
1,004   Cricut Inc., Class A Shares    4,167 
574   Diebold Nixdorf Inc.*    46,574 
8,678   D-Wave Quantum Inc.*    261,555 
1,034   DXC Technology Co.*    10,247 
305   EPAM Systems Inc.*    31,250 
1,023   Everforth Inc.*    23,202 
1,777   Everpure Inc., Class A Shares*    141,289 
34,289   ExlService Holdings Inc.*    995,410 
20,987   Figure Technology Solutions Inc., Class A Shares*    741,890 
388   Gartner Inc.*    62,934 
813   Genpact Ltd.    26,788 
253   Globant SA*    10,211 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
TECHNOLOGY - (continued)
Computers - (continued)     
5,351   Gorilla Technology Group Inc.*   $109,588 
1,774   Grid Dynamics Holdings Inc.*    12,773 
7,452   Hewlett Packard Enterprise Co.    320,734 
5,041   HP Inc.    136,309 
670   Insight Enterprises Inc.*    71,275 
645   KBR Inc.    22,543 
1,266   Kyndryl Holdings Inc.*    15,787 
682   Leidos Holdings Inc.    87,160 
3,746   Lumentum Holdings Inc.*    3,202,680 
1,335   MAXIMUS Inc.    82,677 
1,056   Mitek Systems Inc.*    18,142 
1,727   NCR Atleos Corp.*    77,024 
3,300   NCR Voyix Corp.*    23,727 
1,089   NetApp Inc.    189,802 
1,660   NetScout Systems Inc.*    69,089 
2,195   NextNav Inc.*    45,261 
930   Okta Inc., Class A Shares*    114,641 
808   OneSpan Inc.    11,667 
962   PAR Technology Corp.*    14,853 
270   Parsons Corp.*    15,957 
3,829   Pitney Bowes Inc.    61,647 
862   Qualys Inc.*    94,208 
1,641   Rapid7 Inc.*    13,752 
7,772   Rigetti Computing Inc.*    198,497 
1,184   Rimini Street Inc.*    4,629 
743   Rubrik Inc., Class A Shares*    58,422 
405   SailPoint Inc.*    7,626 
799   Sandisk Corp.*    1,354,289 
235   Science Applications International Corp.    24,487 
2,916   Super Micro Computer Inc.*    134,398 
1,309   Telos Corp.*    6,270 
2,885   Tenable Holdings Inc.*    81,444 
354   TTEC Holdings Inc.*    963 
1,437   Unisys Corp.*    6,596 
652   V2X Inc.*    54,201 
2,757   Varonis Systems Inc., Class B Shares*    94,152 
2,219   Vuzix Corp.*(b)    10,207 
5,199   Western Digital Corp.    2,761,761 
555   Zscaler Inc.*    77,550 
    Total Computers    14,661,118 
Office/Business Equipment - 0.0%     
2,975   Xerox Holdings Corp.(b)    9,639 
291   Zebra Technologies Corp., Class A Shares*    70,896 
    Total Office/Business Equipment    80,535 
Semiconductors - 7.1%     
1,188   ACM Research Inc., Class A Shares*    102,833 
9,558   Aehr Test Systems*    882,490 
339   Aeluma Inc.*    7,316 
696   Allegro MicroSystems Inc.*    33,318 
594   Alpha & Omega Semiconductor Ltd.*    26,938 
977   Ambarella Inc.*    70,520 
7,935   Ambiq Micro Inc.*    632,102 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
TECHNOLOGY - (continued)
Semiconductors - (continued)     
641   Amkor Technology Inc.   $44,588 
744   Arteris Inc.*    26,747 
18,628   Astera Labs Inc.*    6,386,610 
972   Atomera Inc.*    9,701 
771   Axcelis Technologies Inc.*    115,966 
3,110   AXT Inc.*    320,828 
1,780   Blaize Holdings Inc.*    3,133 
4,470   Cerebras Systems Inc., Class A Shares*(b)    1,059,345 
630   CEVA Inc.*    25,187 
265   Cirrus Logic Inc.*    45,037 
85,499   Cohu Inc.*    4,510,072 
1,100   Diodes Inc.*    115,852 
19,586   Entegris Inc.    2,718,341 
1,870   FormFactor Inc.*    232,983 
31,265   GLOBALFOUNDRIES Inc.*    2,500,262 
651   Impinj Inc.*    98,301 
153   IPG Photonics Corp.*    17,522 
1,241   Kulicke & Soffa Industries Inc.    126,446 
10,549   Lattice Semiconductor Corp.*    1,551,547 
5,040   MACOM Technology Solutions Holdings Inc.*    1,837,786 
2,051   MaxLinear Inc., Class A Shares*    190,599 
21,125   Microchip Technology Inc.    1,999,481 
5,846   MKS Inc.    1,895,624 
258   Monolithic Power Systems Inc.    404,082 
4,824   Navitas Semiconductor Corp., Class A Shares*    128,318 
2,656   Nova Ltd.*    1,334,188 
2,249   ON Semiconductor Corp.*    271,274 
6,558   Onto Innovation Inc.*    1,693,538 
9,355   Ouster Inc.*    430,798 
1,309   Penguin Solutions Inc.*    73,081 
1,345   Photronics Inc.*    43,511 
1,365   Power Integrations Inc.    114,660 
472   Qorvo Inc.*    48,880 
10,516   Rambus Inc.*    1,529,657 
211   Richardson Electronics Ltd.    3,583 
11,948   Semtech Corp.*    1,822,548 
14,424   Silicon Laboratories Inc.*    3,138,662 
8,609   Silicon Motion Technology Corp., ADR    2,383,574 
3,056   SiTime Corp.*    2,170,371 
842   SkyWater Technology Inc.*    32,821 
838   Skyworks Solutions Inc.    65,238 
31,500   STMicroelectronics NV, Class NY Shares    2,183,265 
935   Synaptics Inc.*    128,357 
11,325   Teradyne Inc.    4,239,061 
5,842   Tower Semiconductor Ltd.*    1,491,054 
14,495   Ultra Clean Holdings Inc.*    1,240,337 
1,456   Veeco Instruments Inc.*    83,924 
260   Vishay Precision Group Inc.*    32,581 
    Total Semiconductors    52,674,838 
Software - 2.3%     
2,844   8x8 Inc.*    5,887 
2,440   ACI Worldwide Inc.*    106,555 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
TECHNOLOGY - (continued)
Software - (continued)     
4,031   ACV Auctions Inc., Class A Shares*   $26,484 
2,580   Adeia Inc.    68,938 
622   Agilysys Inc.*    53,840 
710   Airship AI Holdings Inc.*(b)    2,144 
797   Akamai Technologies Inc.*    119,183 
1,626   Alkami Technology Inc.*    29,544 
2,029   Amplitude Inc., Class A Shares*    15,867 
109   Appfolio Inc., Class A Shares*    17,568 
1,051   Appian Corp., Class A Shares*    24,593 
2,191   Asana Inc., Class A Shares*    16,871 
516   Asure Software Inc.*    4,773 
3,452   AvePoint Inc.*    37,661 
10,059   Bandwidth Inc., Class A Shares*    653,533 
837   Bentley Systems Inc., Class B Shares    27,320 
10,224   BigBear.ai Holdings Inc.*(b)    51,529 
454   BILL Holdings Inc.*    16,807 
917   Blackbaud Inc.*    28,143 
1,267   BlackLine Inc.*    37,250 
5,891   Blend Labs Inc., Class A Shares*    10,545 
3,400   Box Inc., Class A Shares*    91,664 
2,167   Braze Inc., Class A Shares*    55,540 
663   Broadridge Financial Solutions Inc.    101,916 
184   Bullish*    6,423 
2,910   C3.ai Inc., Class A Shares*    31,341 
193   Carlsmed Inc.*    2,204 
2,891   CCC Intelligent Solutions Holdings Inc.*    13,588 
973   Cerence Inc.*    12,513 
240   Claritev Corp., Class A Shares*    6,029 
2,135   Clear Secure Inc., Class A Shares    118,386 
6,579   Clearwater Analytics Holdings Inc., Class A Shares*    160,133 
508   Climb Global Solutions Inc.    10,998 
1,742   Cloudflare Inc., Class A Shares*    421,250 
2,263   Commerce.com Inc.*    7,083 
1,099   CommVault Systems Inc.*    130,506 
241   Concentrix Corp.    6,818 
421   Consensus Cloud Solutions Inc.*    14,461 
1,030   CS Disco Inc.*    4,110 
28   Daily Journal Corp.*    14,479 
1,735   Datadog Inc., Class A Shares*    429,152 
1,830   Definitive Healthcare Corp., Class A Shares*    1,703 
918   Digi International Inc.*    61,322 
349   Digimarc Corp.*    5,130 
2,199   Digital Turbine Inc.*    19,307 
13,769   DigitalOcean Holdings Inc.*    2,147,276 
1,033   DocuSign Inc., Class A Shares*    54,253 
753   Domo Inc., Class B Shares*    3,140 
631   Donnelley Financial Solutions Inc.*    25,044 
818   DoubleVerify Holdings Inc.*    7,935 
693   Doximity Inc., Class A Shares*    14,830 
1,011   Dropbox Inc., Class A Shares*    27,176 
193   Duolingo Inc., Class A Shares*    21,492 
1,683   Dynatrace Inc.*    71,679 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
TECHNOLOGY - (continued)
Software - (continued)     
483   eGain Corp.*   $3,589 
483   Elastic NV*    31,250 
1,398   Electronic Arts Inc.    282,005 
425   EverCommerce Inc.*    4,781 
3,065   Evolent Health Inc., Class A Shares*    12,107 
2,152   Expensify Inc., Class A Shares*    2,518 
130   Fair Isaac Corp.*    162,577 
18,467   Fastly Inc., Class A Shares*    328,066 
2,856   Fidelity National Information Services Inc.    122,779 
1,822   Five9 Inc.*    44,366 
4,906   Freshworks Inc., Class A Shares*    47,637 
5,292   Genius Sports Ltd.*    31,011 
573   GigaCloud Technology Inc., Class A Shares*    20,651 
764   Gitlab Inc., Class A Shares*    23,722 
450   Guidewire Software Inc.*    68,702 
2,097   Health Catalyst Inc.*    2,894 
458   HeartFlow Inc.*    14,189 
270   HubSpot Inc.*    59,570 
558   I3 Verticals Inc., Class A Shares*    11,361 
202   IBEX Holdings Ltd.*    6,391 
422   Ibotta Inc., Class A Shares*    14,454 
644   Immersion Corp.    4,173 
2,793   Innodata Inc.*    293,209 
1,331   Intapp Inc.*    30,733 
8,201   IonQ Inc.*(b)    591,046 
406   Jack Henry & Associates Inc.    55,346 
1,888   Kaltura Inc.*    2,889 
485   Life360 Inc.*    20,608 
1,543   LiveRamp Holdings Inc.*    57,955 
307   Manhattan Associates Inc.*    46,065 
571   McGraw Hill Inc.*    6,875 
439   MongoDB Inc., Class A Shares*    147,306 
396   MSCI Inc., Class A Shares    250,026 
1,818   N-able Inc.*    6,727 
881   Navan Inc., Class A Shares*    18,827 
603   nCino Inc.*    9,696 
1,444   Nutanix Inc., Class A Shares*    75,189 
104   Nutex Health Inc.*    13,427 
789   Omada Health Inc.*    14,178 
1,204   Pagaya Technologies Ltd., Class A Shares*    18,204 
1,983   PagerDuty Inc.*    19,731 
1,823   Paychex Inc.    176,795 
263   Paycom Software Inc.    36,733 
792   PDF Solutions Inc.*    38,673 
516   Pegasystems Inc.    18,437 
1,338   Phreesia Inc.*    13,193 
117,417   Planet Labs PBC*    6,004,705 
1,550   Playstudios Inc.*    859 
1,639   Playtika Holding Corp.    6,179 
21,795   Porch Group Inc.*    227,104 
629   Procore Technologies Inc.*    31,129 
1,025   Progress Software Corp.*    33,651 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
TECHNOLOGY - (continued)
Software - (continued)     
637   PTC Inc.*   $88,371 
1,007   PubMatic Inc., Class A Shares*    11,762 
4,752   Quantum Computing Inc.*(b)    56,834 
1,609   Rackspace Technology Inc.*    8,319 
255   Red Violet Inc.*    14,494 
239   ReposiTrak Inc.    2,469 
5,280   Rezolve AI PLC*(b)    15,734 
468   RingCentral Inc., Class A Shares    20,269 
3,447   ROBLOX Corp., Class A Shares*    162,526 
1,735   Samsara Inc., Class A Shares*    60,708 
1,424   Schrodinger Inc.*    21,645 
1,645   SentinelOne Inc., Class A Shares*    27,225 
375   Simulations Plus Inc.*    6,416 
9,198   SoundHound AI Inc., Class A Shares*(b)    82,782 
1,284   Sprout Social Inc., Class A Shares*    9,604 
923   SPS Commerce Inc.*    52,380 
1,160   SS&C Technologies Holdings Inc.    78,323 
1,013   Take-Two Interactive Software Inc.*    227,074 
2,774   Talkspace Inc.*    14,425 
752   Teads Holding Co.*    865 
556   Teradata Corp.*    18,932 
329   TruBridge Inc.*    8,541 
776   Twilio Inc., Class A Shares*    147,937 
236   Tyler Technologies Inc.*    73,903 
2,175   UiPath Inc., Class A Shares*    25,491 
1,769   Unity Software Inc.*    53,901 
843   Veeva Systems Inc., Class A Shares*    146,969 
1,555   Vertex Inc., Class A Shares*    20,759 
243   Via Transportation Inc., Class A Shares*    3,701 
516   Viant Technology Inc., Class A Shares*    6,564 
1,766   VTEX, Class A Shares*    6,658 
2,660   Waystar Holding Corp.*    52,961 
1,739   Weave Communications Inc.*    10,469 
15,389   Whitefiber Inc.*(b)    457,669 
1,211   Workiva Inc., Class A Shares*    60,284 
2,641   Yext Inc.*    11,039 
4,992   Zeta Global Holdings Corp., Class A Shares*    114,267 
1,489   Zoom Communications Inc., Class A Shares*    151,268 
1,693   ZoomInfo Technologies Inc., Class A Shares*    5,638 
    Total Software    17,357,380 
    TOTAL TECHNOLOGY    84,773,871 
UTILITIES - 3.1%     
Electric - 2.4%     
4,075   AES Corp.    59,780 
1,409   Alliant Energy Corp.    100,898 
1,505   Ameren Corp.    162,495 
826   Ameresco Inc., Class A Shares*    29,719 
19,800   American Electric Power Co., Inc.    2,508,066 
1,931   Avista Corp.    80,079 
17,120   Black Hills Corp.    1,246,678 
789   Brookfield Renewable Corp.    31,544 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
UTILITIES - (continued)
Electric - (continued)     
62,440   CenterPoint Energy Inc.   $2,638,714 
646   Clearway Energy Inc., Class C Shares    26,589 
1,720   CMS Energy Corp.    124,820 
2,014   Consolidated Edison Inc.    212,739 
1,156   DTE Energy Co.    165,158 
2,162   Edison International    151,210 
18,947   Entergy Corp.    2,066,170 
1,263   Evergy Inc.    103,617 
2,071   Eversource Energy    141,387 
5,618   Exelon Corp.    256,406 
3,066   FirstEnergy Corp.    142,232 
460   Genie Energy Ltd., Class B Shares    6,385 
4,153   Hawaiian Electric Industries Inc.*    55,235 
18,339   IDACORP Inc.    2,572,412 
889   MGE Energy Inc.    67,120 
920   Net Power Inc.*    1,849 
1,485   Northwestern Energy Group Inc.    104,856 
1,137   NRG Energy Inc.    152,449 
1,167   OGE Energy Corp.    55,117 
2,897   Oklo Inc., Class A Shares*    193,751 
10,210   Ormat Technologies Inc.    1,401,118 
927   Otter Tail Corp.    80,334 
12,186   PG&E Corp.    199,119 
678   Pinnacle West Capital Corp.    67,624 
28,477   Portland General Electric Co.    1,427,267 
4,127   PPL Corp.    146,055 
2,771   Public Service Enterprise Group Inc.    217,939 
244   Talen Energy Corp.*    94,379 
2,436   TXNM Energy Inc.    144,236 
408   Unitil Corp.    20,412 
1,880   Vistra Corp.    301,232 
1,810   WEC Energy Group Inc.    201,001 
3,289   Xcel Energy Inc.    261,476 
    Total Electric    18,019,667 
Gas - 0.6%         
890   Atmos Energy Corp.    150,526 
2,841   Brookfield Infrastructure Corp., Class A Shares    117,987 
589   Chesapeake Utilities Corp.    72,635 
1,167   MDU Resources Group Inc.    24,600 
539   National Fuel Gas Co.    41,638 
2,382   New Jersey Resources Corp.    131,605 
53,313   NiSource Inc.    2,464,127 
959   Northwest Natural Holding Co.    46,502 
1,422   ONE Gas Inc.    110,546 
141   RGC Resources Inc.    3,250 
1,631   Southwest Gas Holdings Inc.    140,609 
17,203   Spire Inc.    1,415,119 
1,192   UGI Corp.    41,625 
    Total Gas    4,760,769 
Water - 0.1%         
930   American States Water Co.    71,861 
1,088   American Water Works Co., Inc.    134,118 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
UTILITIES - (continued)
Water - (continued)     
1,436   California Water Service Group   $64,763 
345   Consolidated Water Co., Ltd.    10,412 
1,521   Essential Utilities Inc.    56,110 
200   Global Water Resources Inc.    1,458 
755   H2O America    43,662 
455   Middlesex Water Co.    23,901 
335   York Water Co.    10,016 
    Total Water    416,301 
    TOTAL UTILITIES    23,196,737 
 
 		  
 		  
 		 TOTAL COMMON STOCKS
(Cost - $518,733,117) 		 
 		  
 		  
702,057,795		  
 
EXCHANGE TRADED FUNDS (ETFs) - 3.6%     
3,915   iShares Russell 2000 Value    837,301 
247,879   State Street SPDR S&P 600 Small Capital Value    25,871,131 
 
 		  
 		  
 		 TOTAL EXCHANGE TRADED FUNDS (ETFs)
(Cost - $25,982,924) 		 
 		  
 		  
26,708,432		  
 
LIMITED PARTNERSHIP - 0.0%     
FINANCIAL - 0.0%     
Investment Companies - 0.0%     
1,739
 		  
 		  
 		 Compass Diversified Holdings*
(Cost - $35,399) 		 
 		  
 		  
19,738		  
 
CLOSED-END FUND - 0.0%     
695
 		  
 		  
 		 NexPoint Diversified Real Estate Trust, Class Common Shares
(Cost - $5,044) 		 
 		  
 		  
3,711		  
 
WARRANT - 0.0%     
CONSUMER NON-CYCLICAL - 0.0%     
Healthcare-Products - 0.0%     
30
 		  
 		  
 		 Pulse Biosciences Inc.*
(Cost - $0) 		 
 		  
 		  
420		  
 
 
 		  
 		  
 		 TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS
(Cost - $544,756,484) 		 
 		    
728,790,096		  
 
Face Amount   
SHORT-TERM INVESTMENTS - 2.2%
TIME DEPOSITS - 2.2%    
$14,955,632  Citibank - New York, 2.970% due 6/1/26    14,955,632 
1,647,039  JPMorgan Chase & Co. - New York, 2.970% due 6/1/26    1,647,039 
 
 		   TOTAL TIME DEPOSITS
(Cost - $16,602,671) 		 
 		  
  
16,602,671		  
 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Small-Mid Cap Equity Fund (concluded)
Shares/Units  Security  Value
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.9%    
MONEY MARKET FUND - 0.9%    
6,865,360
 		  
 		 Federated Government Obligations Fund, Premier Class, 3.548%(d)
(Cost - $6,865,360) 		 
 		  
$		  
6,865,360		  
 
 
 		  
 		 TOTAL INVESTMENTS - 101.0%
(Cost - $568,224,515) 		 
 		  
 		  
752,258,127		  
 
   Liabilities in Excess of Other Assets - (1.0)%    (7,264,857)
   TOTAL NET ASSETS - 100.0%   $744,993,270 

 

 
* Non-income producing security.
(a) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $1,217,108 and represents 0.16% of net assets.
(b) All or a portion of this security is on loan.
(c) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(d) Represents investment of collateral received from securities lending transactions.

 

Abbreviations used in this schedule:
ADR — American Depositary Receipts
LLC — Limited Liability Company
MFA — Mortgage Finance Authority
PLC — Public Limited Company
REIT — Real Estate Investment Trust
SPDR — Standard & Poor’s Depository Receipts

 

Summary of Investments by Security Sector^
Industrial 22.4%
Consumer Non-cyclical 16.6 
Financial 14.8 
Technology 11.3 
Consumer Cyclical 8.9 
Energy 6.0 
Basic Materials 5.4 
Communications 4.8 
Utilities 3.1 
Government 0.0*
Exchange Traded Funds (ETFs) 3.6 
Closed-End Fund 0.0*
Short-Term Investments 2.2 
Money Market Fund 0.9 
  100.0%

 

 
^ As a percentage of total investments.
* Position represents less than 0.05%

 

At May 31, 2026, Destinations Small-Mid Cap Equity Fund had open exchange traded futures contracts as described below.

 

The unrealized appreciation on the open contracts was as follows:

 

Open Futures Contracts  Number of
Contracts		  Expiration
Date (Month/Year)		  Notional
Amounts		  Market Value  Unrealized Appreciation
Contracts to Buy:                        
E-mini Russell 2000 Index June Futures    8    6/26  $998,699   $1,169,720   $171,021 
S&P MidCap 400 Index June Futures    2    6/26   672,953    746,400    73,447 
                       $244,468 

 

At May 31, 2026, Destinations Small-Mid Cap Equity Fund had a payable to broker or brokers of $105,997 as margin collateral on open exchange traded futures contracts.

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Equity Income Fund
Shares/Units  Security  Value
COMMON STOCKS - 82.0%
BASIC MATERIALS - 3.2%
Chemicals - 1.0%
24,677   DSM-Firmenich AG   $2,076,534 
41,100   Nutrien Ltd.    2,817,405 
    Total Chemicals    4,893,939 
Mining - 2.2%     
21,138   Agnico Eagle Mines Ltd.    3,871,425 
73,233   BHP Group Ltd.    3,258,129 
6,416   Southern Copper Corp.    1,227,381 
33,790   Valterra Platinum Ltd.    2,790,270 
    Total Mining    11,147,205 
    TOTAL BASIC MATERIALS    16,041,144 
COMMUNICATIONS - 5.8%     
Advertising - 0.3%     
16,510   Publicis Groupe SA    1,612,063 
Internet - 1.0%     
6,391   Alphabet Inc., Class A Shares    2,430,753 
3,563   Meta Platforms Inc., Class A Shares    2,253,633 
    Total Internet    4,684,386 
Media - 0.8%     
98,750   Informa PLC    1,078,154 
30,062   Walt Disney Co.    3,061,214 
    Total Media    4,139,368 
Telecommunications - 3.7%     
60,958   AT&T Inc.    1,511,758 
23,421   Cisco Systems Inc.    2,820,357 
36,500   Deutsche Telekom AG, Class Registered Shares    1,228,175 
663,400   Singapore Telecommunications Ltd.    2,250,998 
118,013   Telenor ASA    1,926,331 
22,817   T-Mobile US Inc.    4,278,872 
94,870   Verizon Communications Inc.    4,535,735 
    Total Telecommunications    18,552,226 
    TOTAL COMMUNICATIONS    28,988,043 
CONSUMER CYCLICAL - 4.0%     
Auto Manufacturers - 0.4%     
23,256   General Motors Co.    1,935,829 
Distribution/Wholesale - 0.6%     
68,400   Mitsui & Co., Ltd.    2,271,766 
1,135   Watsco Inc.    416,659 
    Total Distribution/Wholesale    2,688,425 
Retail - 3.0%     
23,825   Best Buy Co., Inc.    1,857,159 
21,262   Darden Restaurants Inc.    4,335,535 
11,645   Home Depot Inc.    3,693,095 
24,127   Industria de Diseno Textil SA    1,498,796 
4,420   McDonald’s Corp.(a)    1,234,064 
21,072   Walmart Inc.    2,439,084 
    Total Retail    15,057,733 
    TOTAL CONSUMER CYCLICAL    19,681,987 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Equity Income Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
CONSUMER NON-CYCLICAL - 18.1%
Agriculture - 2.4%
29,000   Altria Group Inc.   $2,017,820 
106,100   British American Tobacco PLC    6,548,031 
19,229   Philip Morris International Inc.    3,410,840 
    Total Agriculture    11,976,691 
Beverages - 2.1%     
65,017   Coca-Cola Co.    5,136,993 
19,011   Heineken NV    1,484,177 
25,300   PepsiCo Inc.    3,648,007 
    Total Beverages    10,269,177 
Biotechnology - 0.8%     
4,966   Amgen Inc.    1,672,499 
3,794   Regeneron Pharmaceuticals Inc.    2,332,475 
    Total Biotechnology    4,004,974 
Commercial Services - 0.6%     
12,200   Automatic Data Processing Inc.    2,706,448 
Cosmetics/Personal Care - 0.7%     
471,511   Haleon PLC    2,133,095 
10,427   Procter & Gamble Co.    1,496,900 
    Total Cosmetics/Personal Care    3,629,995 
Food - 1.5%     
11,087   Hershey Co.    2,151,210 
18,097   McCormick & Co., Inc.    857,255 
70,664   Mondelez International Inc., Class A Shares    4,322,517 
    Total Food    7,330,982 
Healthcare-Products - 1.2%     
28,033   Abbott Laboratories    2,399,625 
49,700   Medtronic PLC    3,668,357 
    Total Healthcare-Products    6,067,982 
Healthcare-Services - 0.7%     
6,634   Elevance Health Inc.    2,608,423 
75,150   Sonic Healthcare Ltd.    1,052,129 
    Total Healthcare-Services    3,660,552 
Household Products/Wares - 0.4%     
19,800   Kimberly-Clark Corp.    1,932,480 
Pharmaceuticals - 7.7%     
24,447   AbbVie Inc.    5,322,601 
29,342   AstraZeneca PLC    5,451,640 
42,697   Merck & Co., Inc.    5,068,988 
30,012   Novo Nordisk AS, Class B Shares    1,368,793 
225,575   Pfizer Inc.    5,905,553 
5,254   Roche Holding AG    2,211,977 
51,406   Roche Holding AG, ADR(b)    2,693,674 
91,309   Sanofi SA    7,991,703 
6,893   UCB SA    2,023,586 
    Total Pharmaceuticals    38,038,515 
    TOTAL CONSUMER NON-CYCLICAL    89,617,796 
ENERGY - 8.1%     
Oil & Gas - 4.8%     
38,555   Chevron Corp.    7,034,745 
12,115   ConocoPhillips(a)    1,380,868 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Equity Income Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
ENERGY - (continued)
Oil & Gas - (continued)     
8,505   Expand Energy Corp.   $790,795 
25,461   Exxon Mobil Corp.    3,698,465 
59,290   Noble Corp. PLC    2,755,799 
60,051   Shell PLC    2,526,743 
62,505   TotalEnergies SE    5,495,317 
    Total Oil & Gas    23,682,732 
Pipelines - 3.3%     
10,347   Cheniere Energy Inc.    2,326,626 
106,625   Enbridge Inc.    5,849,373 
14,600   Pembina Pipeline Corp.    679,630 
3,130   Targa Resources Corp.    798,369 
74,426   TC Energy Corp.    4,958,495 
28,286   Williams Cos., Inc.    2,019,337 
    Total Pipelines    16,631,830 
    TOTAL ENERGY    40,314,562 
FINANCIAL - 20.2%     
Banks - 9.7%     
43,295   Bank of America Corp.    2,234,022 
30,623   Fifth Third Bancorp    1,529,006 
1,601   Goldman Sachs Group Inc.    1,641,922 
86,119   ING Groep NV    2,666,105 
19,553   JPMorgan Chase & Co.(a)    5,852,408 
12,095   Morgan Stanley    2,515,760 
126,678   Nordea Bank Abp    2,424,304 
139,656   Oversea-Chinese Banking Corp., Ltd.    2,561,997 
22,539   PNC Financial Services Group Inc.    4,983,824 
64,200   Regions Financial Corp.    1,797,600 
139,680   Sumitomo Mitsui Trust Group Inc.    4,794,519 
57,643   Truist Financial Corp.    2,778,969 
105,893   US Bancorp    5,808,231 
84,204   Wells Fargo & Co.    6,529,178 
    Total Banks    48,117,845 
Diversified Financial Services - 1.5%     
4,925   Ares Management Corp., Class A Shares    632,862 
16,575   CME Group Inc., Class A Shares(a)    4,533,926 
7,832   Deutsche Boerse AG    2,262,210 
    Total Diversified Financial Services    7,428,998 
Equity Real Estate Investment Trusts (REITs) - 5.0%     
21,500   American Tower Corp.    4,019,640 
157,885   Brixmor Property Group Inc.    4,824,965 
34,125   Healthpeak Properties Inc.    653,494 
68,900   Invitation Homes Inc.    2,015,325 
203,575   Kimco Realty Corp.    4,902,086 
47,637   NNN REIT Inc.    2,120,323 
29,204   Prologis Inc.    4,189,898 
9,800   Terreno Realty Corp.    643,762 
15,985   Ventas Inc.    1,349,454 
    Total Equity Real Estate Investment Trusts (REITs)    24,718,947 
Insurance - 3.7%     
13,063   Allianz SE, Class Registered Shares    5,811,411 
16,395   American International Group Inc.    1,217,001 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Equity Income Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
FINANCIAL - (continued)
Insurance - (continued)     
5,850   Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class Registered Shares   $3,085,165 
28,495   NN Group NV    2,387,100 
313,575   Prudential PLC    4,522,329 
14,565   Unum Group    1,212,245 
    Total Insurance    18,235,251 
Real Estate - 0.3%     
1,455,000   Hang Lung Properties Ltd.    1,493,605 
    TOTAL FINANCIAL    99,994,646 
INDUSTRIAL - 7.9%     
Aerospace/Defense - 1.5%     
5,887   Airbus SE    1,232,914 
93,315   BAE Systems PLC    2,541,948 
3,987   General Dynamics Corp.    1,382,771 
7,175   RTX Corp.    1,289,061 
109,600   Singapore Technologies Engineering Ltd.    978,167 
    Total Aerospace/Defense    7,424,861 
Building Materials - 1.5%     
13,750   CRH PLC    1,495,863 
9,074   Heidelberg Materials AG    2,019,566 
93,500   Mitsubishi Electric Corp.    3,843,703 
    Total Building Materials    7,359,132 
Electrical Components & Equipment - 1.2%     
7,255   Eaton Corp. PLC(a)    2,906,353 
20,935   Emerson Electric Co.    3,010,872 
    Total Electrical Components & Equipment    5,917,225 
Engineering & Construction - 0.8%     
54,945   Ferrovial NV    3,759,714 
Miscellaneous Manufacturers - 0.4%     
6,498   Siemens AG, Class Registered Shares    2,045,042 
Packaging & Containers - 1.5%     
93,575   Amcor PLC    3,632,581 
7,100   Packaging Corp. of America    1,554,261 
58,794   Smurfit Westrock PLC    2,419,373 
    Total Packaging & Containers    7,606,215 
Transportation - 1.0%     
60,503   Deutsche Post AG    3,616,916 
5,595   Union Pacific Corp.    1,469,471 
    Total Transportation    5,086,387 
    TOTAL INDUSTRIAL    39,198,576 
TECHNOLOGY - 5.4%     
Computers - 0.8%     
37,825   Amdocs Ltd.    2,381,840 
5,337   International Business Machines Corp.    1,589,359 
    Total Computers    3,971,199 
Semiconductors - 3.2%     
6,688   Analog Devices Inc.    2,767,829 
7,394   Broadcom Inc.    3,303,417 
30,851   Samsung Electronics Co., Ltd.    4,129,928 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Equity Income Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
TECHNOLOGY - (continued)
Semiconductors - (continued)     
18,543   Texas Instruments Inc.   $5,668,224 
    Total Semiconductors    15,869,398 
Software - 1.4%     
2,822   Microsoft Corp.    1,270,577 
59,325   Paychex Inc.    5,753,339 
    Total Software    7,023,916 
    TOTAL TECHNOLOGY    26,864,513 
UTILITIES - 9.3%     
Electric - 8.1%     
385,770   Algonquin Power & Utilities Corp.    2,272,185 
49,942   Alliant Energy Corp.    3,576,347 
69,085   CenterPoint Energy Inc.    2,919,532 
30,640   CMS Energy Corp.    2,223,545 
13,489   Duke Energy Corp.    1,655,505 
197,273   Enel SpA    2,207,831 
45,749   Evergy Inc.    3,753,248 
26,852   Eversource Energy    1,833,186 
88,075   FirstEnergy Corp.    4,085,799 
370,914   National Grid PLC(c)    6,003,073 
48,910   PPL Corp.    1,730,925 
21,395   Sempra    1,906,936 
9,528   Southern Co.    877,052 
31,000   WEC Energy Group Inc.    3,442,550 
21,000   Xcel Energy Inc.    1,669,500 
    Total Electric    40,157,214 
Gas - 1.2%     
59,130   MDU Resources Group Inc.    1,246,460 
32,785   Southwest Gas Holdings Inc.    2,826,395 
54,275   UGI Corp.    1,895,283 
    Total Gas    5,968,138 
    TOTAL UTILITIES    46,125,352 
    TOTAL COMMON STOCKS
(Cost - $311,367,331) 		   406,826,619 
EXCHANGE TRADED FUNDS (ETFs) - 13.4%     
720,262   iShares Core Dividend Growth    53,962,029 
470,162   iShares Core High Dividend    12,788,407 
    TOTAL EXCHANGE TRADED FUNDS (ETFs)
(Cost - $55,631,903) 		   66,750,436 
CONVERTIBLE PREFERRED STOCK - 0.7%     
INDUSTRIAL - 0.7%     
Aerospace/Defense - 0.7%     
46,600   Boeing Co., 6.000%
(Cost - $2,687,407) 		   3,360,792 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Equity Income Fund (continued)
Shares/Units  Security  Value
LIMITED PARTNERSHIP - 0.4%
ENERGY - 0.4%
Pipelines - 0.4%
50,485   Enterprise Products Partners LP
(Cost - $1,240,612) 		  $1,857,343 
    TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS
(Cost - $370,927,253) 		   478,795,190 

Face Amount†		         
SHORT-TERM INVESTMENTS - 3.2%     
CORPORATE NOTES - 1.2%     
3,200   JPMorgan Chase Bank N.A., 11.000% due 7/21/26(b)    827,446 
    Merrill Lynch BV:     
20,300   51.464% due 6/8/26(b)(d)    1,778,232 
13,000   11.000% due 8/26/26(b)    1,028,564 
    Nomura America Finance LLC:     
16,000   12.000% due 8/25/26(b)    1,327,903 
4,700   10.000% due 9/22/26(b)    1,011,345 
    TOTAL CORPORATE NOTES
(Cost - $5,937,328) 		   5,973,490 
TIME DEPOSITS - 2.0%     
14AUD Brown Brothers Harriman - Grand Cayman, 2.930% due 6/1/26    10 
    Citibank - London:     
41,668EUR 0.860% due 6/1/26    48,601 
18GBP 2.670% due 6/1/26    24 
9,274,782   Citibank - New York, 2.970% due 6/1/26    9,274,782 
101SGD Hong Kong & Shanghai Bank - Singapore, 0.300% due 6/2/26    79 
60   Skandinaviska Enskilda Banken AB - Stockholm, 2.970% due 6/1/26    60 
297ZAR Standard Chartered PLC - Johannesburg, 4.020% due 6/1/26    18 
700,403   Sumitomo Mitsui Banking Corp. - Tokyo, 2.970% due 6/1/26    700,403 
   

TOTAL TIME DEPOSITS

 (Cost - $10,023,977)

   10,023,977 
   

TOTAL SHORT-TERM INVESTMENTS

 (Cost - $15,961,305)

   15,997,467 

Shares/Units		         
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.7%     
MONEY MARKET FUND - 0.7%     
3,433,673   Federated Government Obligations Fund, Premier Class, 3.548%(e)     
    (Cost - $3,433,673)    3,433,673 
    TOTAL INVESTMENTS - 100.4%     
    (Cost - $390,322,231)    498,226,330 
    Liabilities in Excess of Other Assets - (0.4)%    (2,144,315)
    TOTAL NET ASSETS - 100.0%   $496,082,015 
 

Schedules of Investments

 

May 31, 2026 (unaudited)

 

Destinations Equity Income Fund (continued)

 

   

 
† Face amount denominated in U.S. dollars, unless otherwise noted.
(a) All or a portion of this security is pledged by the Fund as collateral for short sales or derivative transactions.
(b) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $8,667,164 and represents 1.75% of net assets.
(c) All or a portion of this security is on loan.
(d) Rate shown represents yield-to-maturity.
(e) Represents investment of collateral received from securities lending transactions.  

 

Abbreviations used in this schedule:
ADR — American Depositary Receipts
LLC — Limited Liability Company
LP — Limited Partnership
PLC — Public Limited Company
REIT — Real Estate Investment Trust

 

 

Summary of Investments by Security Sector^
Financial    20.1%
Consumer Non-cyclical    18.0 
Utilities    9.2 
Industrial    8.6 
Energy    8.5 
Communications    5.8 
Technology    5.4 
Consumer Cyclical    3.9 
Basic Materials    3.2 
Exchange Traded Funds (ETFs)    13.4 
Short-Term Investments    3.2 
Money Market Fund    0.7 
    100.0%

 

 

^ As a percentage of total investments.

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Equity Income Fund (concluded)
       
Schedule of Options Contracts Written         
Equity Options                       
                            
Number of Contracts    Notional Amount   Security Name   Counterparty   Expiration Date   Exercise
Rate		    Value 
30   $256,800   Abbott Laboratories, Put    BNP   6/18/26  $80.00   $(1,650)
30    256,800   Abbott Laboratories, Put    BNP   6/18/26   85.00    (6,300)
20    257,000   Ares Management Corp., Put    BNP   6/18/26   100.00    (700)
20    257,000   Ares Management Corp., Put    BNP   6/18/26   105.00    (1,800)
7    280,420   Eaton Corp. PLC, Put    BNP   7/17/26   340.00    (2,457)
7    280,420   Eaton Corp. PLC, Put    BNP   7/17/26   350.00    (3,437)
10    145,260   Exxon Mobil Corp., Call    BNP   6/18/26   190.00    (460)
15    291,045   Hershey Co., Put    BNP   7/17/26   165.00    (4,050)
15    446,700   International Business Machines Corp., Put    BNP   6/18/26   180.00    (75)
75    346,725   NIKE Inc., Put    BNP   6/18/26   32.50    (75)
10    191,300   Southern Copper Corp., Call    BNP   6/18/26   220.00    (2,650)
10    191,300   Southern Copper Corp., Call    BNP   6/18/26   230.00    (1,350)
7    178,549   Targa Resources Corp., Call    BNP   7/17/26   320.00    (315)
7    213,976   Texas Instruments Inc., Call    BNP   6/18/26   320.00    (5,705)
7    213,976   Texas Instruments Inc., Call    BNP   7/17/26   330.00    (9,051)
         TOTAL OPTIONS CONTRACTS WRITTEN
(Premiums received — $37,743) 		               $(40,075)

 

Currency Abbreviations used in this schedule:
AUD — Australian Dollar
EUR — Euro
GBP — British Pound
SGD — Singapore Dollar
ZAR — South African Rand
 

 

Counterparty Abbreviations used in this schedule:
BNP — BNP Paribas SA
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund
Shares/Units  Security  Value
COMMON STOCKS - 85.2%
Australia - 2.2%
9,698   AGL Energy Ltd.   $59,638 
7,197   ALS Ltd.    121,407 
33,522   AMP Ltd.    38,452 
3,147   Ampol Ltd.    75,696 
1,960   Ansell Ltd.    39,180 
405,189   ANZ Group Holdings Ltd.    10,237,027 
17,782   APA Group    128,792 
7,903   Aristocrat Leisure Ltd.    284,869 
2,824   ASX Ltd.    93,871 
11,561   Atlas Arteria Ltd.    40,917 
23,615   Aurizon Holdings Ltd.    71,003 
9,383   Bank of Queensland Ltd.    42,235 
16,624   Beach Energy Ltd.    12,857 
9,334   Bendigo & Adelaide Bank Ltd.    69,407 
69,753   BHP Group Ltd.    3,103,304 
6,697   BlueScope Steel Ltd.    152,681 
19,799   Brambles Ltd.    235,505 
5,022   CAR Group Ltd.    89,778 
7,593   Challenger Ltd.    48,293 
6,694   Charter Hall Group    98,153 
162,528   Charter Hall Retail REIT    438,673 
36,818   Cleanaway Waste Management Ltd.    60,515 
1,027   Cochlear Ltd.    74,259 
19,480   Coles Group Ltd.    303,591 
23,799   Commonwealth Bank of Australia    2,818,946 
7,506   Computershare Ltd.    186,700 
6,857   CSL Ltd.    476,441 
6,567   Deterra Royalties Ltd.    21,252 
14,206   Dexus    57,198 
1,623   Domino’s Pizza Enterprises Ltd.    21,001 
9,664   Downer EDI Ltd.    56,292 
23,637   Dyno Nobel Ltd.    63,802 
2,745   EBOS Group Ltd.    32,103 
22,901   Endeavour Group Ltd.    47,370 
29,328   Evolution Mining Ltd.    260,335 
3,188   Flight Centre Travel Group Ltd.    25,079 
22,112   Fortescue Ltd.    355,036 
17,436   Genesis Minerals Ltd.*    74,861 
28,089   Goodman Group    640,247 
29,829   GPT Group    104,065 
9,902   Harvey Norman Holdings Ltd.    32,768 
990   HUB24 Ltd.    59,246 
8,669   IGO Ltd.*    59,539 
192,443   Iluka Resources Ltd.    1,088,917 
33,446   Insurance Australia Group Ltd.    183,447 
1,654   JB Hi-Fi Ltd.    88,189 
14,290   Lendlease Corp., Ltd.    27,920 
29,141   Lottery Corp., Ltd.    113,553 
12,073   Lynas Rare Earths Ltd.*    164,658 
4,845   Macquarie Group Ltd.    831,636 
3,449   Magellan Financial Group Ltd.    20,900 
38,470   Medibank Pvt Ltd.    132,622 
11,591   Metcash Ltd.    25,548 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Australia - (continued)     
2,507   Mineral Resources Ltd.*   $132,595 
55,149   Mirvac Group    66,899 
51,200   MMG Ltd.*    57,929 
43,462   National Australia Bank Ltd.    1,164,242 
1,941   Netwealth Group Ltd.    29,867 
5,455   New Hope Corp., Ltd.    22,828 
10,438   NEXTDC Ltd.*    114,508 
209,779   Nine Entertainment Co. Holdings Ltd.    143,811 
611,823   Northern Star Resources Ltd.    8,398,422 
100,055   NRW Holdings Ltd.    547,126 
7,215   Orica Ltd.    118,808 
25,171   Origin Energy Ltd.    196,704 
20,515   Orora Ltd.    19,260 
493,694   Perenti Ltd.    749,071 
1,441   Perpetual Ltd.    16,440 
46,381   PLS Group Ltd.*    214,680 
644   Pro Medicus Ltd.    61,310 
11,642   Qantas Airways Ltd.    78,782 
21,339   QBE Insurance Group Ltd.    346,440 
25,075   Qube Holdings Ltd.    90,258 
30,707   Ramelius Resources Ltd.    72,480 
2,908   Ramsay Health Care Ltd.    77,573 
588   REA Group Ltd.    63,044 
4,543   Reece Ltd.    44,979 
18,711   Region Group    30,439 
563,462   Regis Resources Ltd.    2,520,729 
5,229   Rio Tinto Ltd.    695,072 
5,856   Sandfire Resources Ltd.*    82,630 
44,326   Santos Ltd.    249,036 
75,034   Scentre Group    206,312 
4,079   SEEK Ltd.    36,426 
2,323   SGH Ltd.    68,887 
70,209   Sigma Healthcare Ltd.    148,425 
2,325   Sims Ltd.    44,848 
7,194   Sonic Healthcare Ltd.    100,719 
62,831   South32 Ltd.    217,230 
215,654   Stanmore Resources Ltd.    426,513 
11,363   Steadfast Group Ltd.    33,386 
30,827   Stockland    90,902 
15,936   Suncorp Group Ltd.    198,749 
4,098   Technology One Ltd.    88,023 
4,144   Telix Pharmaceuticals Ltd.*    38,903 
55,734   Telstra Group Ltd.    209,007 
5,739   TPG Telecom Ltd.    16,081 
43,808   Transurban Group    471,982 
11,246   Treasury Wine Estates Ltd.    34,294 
107,445   Vault Minerals Ltd.    330,212 
58,717   Vicinity Ltd.    106,549 
4,989   Washington H Soul Pattinson & Co., Ltd.    156,051 
16,040   Wesfarmers Ltd.    918,751 
48,589   Westpac Banking Corp.    1,255,644 
11,227   Whitehaven Coal Ltd.    70,357 
2,268   WiseTech Global Ltd.    59,058 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Australia - (continued)     
26,908   Woodside Energy Group Ltd.   $589,977 
17,141   Woolworths Group Ltd.    433,605 
5,883   Worley Ltd.    54,660 
5,571   Yancoal Australia Ltd.    27,062 
    Total Australia    46,828,349 
Austria - 0.1%     
980   ANDRITZ AG    89,216 
1,133   BAWAG Group AG(a)    203,297 
4,004   Erste Group Bank AG    480,612 
1,961   OMV AG    141,210 
2,035   Raiffeisen Bank International AG    117,294 
217   Strabag SE    24,054 
783   Telekom Austria AG, Class A Shares    8,955 
850   Verbund AG    57,063 
662   Vienna Insurance Group AG Wiener Versicherung Gruppe    48,702 
    Total Austria    1,170,403 
Belgium - 0.1%     
324   Ackermans & van Haaren NV    102,645 
2,567   Ageas SA    199,311 
13,557   Anheuser-Busch InBev SA    1,085,601 
256   D’ieteren Group    51,176 
661   Elia Group SA, Class B Shares    102,783 
292   Financiere de Tubize SA    76,560 
1,170   Groupe Bruxelles Lambert NV    110,359 
3,219   KBC Group NV    426,209 
5   Lotus Bakeries NV    64,124 
251   Sofina SA    65,253 
968   Syensqo SA    75,811 
1,701   UCB SA    499,364 
2,443   Warehouses De Pauw CVA    63,338 
    Total Belgium    2,922,534 
Bermuda - 0.1%     
111,729   Conduit Holdings Ltd.    665,102 
95,621   Hiscox Ltd.    2,251,685 
    Total Bermuda    2,916,787 
Brazil - 0.6%     
38,366   Afya Ltd., Class A Shares    537,508 
415,387   Banco Bradesco SA, ADR    1,449,701 
182,606   Banco BTG Pactual SA    1,946,219 
50,475   Banco do Estado do Rio Grande do Sul SA, Class B Shares    146,426 
490,269   GPS Participacoes e Empreendimentos SA(a)    1,186,993 
270,940   Localiza Rent a Car SA    2,254,488 
138,945   NU Holdings Ltd., Class A Shares*    1,824,348 
63,686   Petroleo Brasileiro SA - Petrobras, Class A Shares, ADR    1,068,014 
136,005   XP Inc., Class A Shares    2,267,203 
    Total Brazil    12,680,900 
Canada - 5.9%     
70,100   AGF Management Ltd., Class B Shares    885,656 
37,077   Agnico Eagle Mines Ltd.    6,816,274 
57,200   Air Canada*    915,582 
6,004   Alamos Gold Inc., Class A Shares    246,291 
10,573   Alimentation Couche-Tard Inc.    597,281 
4,300   AltaGas Ltd.    167,316 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Canada - (continued)     
8,500   ARC Resources Ltd.   $192,403 
2,200   AtkinsRealis Group Inc.    132,051 
10,112   Bank of Montreal    1,642,283 
114,723   Bank of Nova Scotia    9,204,133 
153,550   Barrick Mining Corp.    6,559,396 
4,485   BCE Inc.    113,133 
8,600   Boardwalk Real Estate Investment Trust    399,749 
1,300   Bombardier Inc., Class B Shares*    293,217 
30,051   Brookfield Corp.    1,368,946 
4,800   CAE Inc.*    124,247 
6,167   Cameco Corp.    692,871 
31,400   Canadian Apartment Properties REIT    798,436 
13,405   Canadian Imperial Bank of Commerce    1,463,097 
42,383   Canadian National Railway Co.    5,023,335 
29,094   Canadian Natural Resources Ltd.    1,323,030 
12,832   Canadian Pacific Kansas City Ltd.    1,145,648 
600   Canadian Tire Corp., Ltd, Class A Shares    76,980 
3,479   Celestica Inc.*    1,344,895 
19,262   Cenovus Energy Inc.    531,703 
150,500   Centerra Gold Inc.    2,656,781 
2,633   CGI Inc., Class A Shares    183,859 
11,900   Cogeco Communications Inc.    580,155 
327   Constellation Software Inc.    669,470 
31,539   Definity Financial Corp.    1,510,843 
22,673   Descartes Systems Group Inc.*    1,672,610 
3,709   Dollarama Inc.    474,251 
127,076   Element Fleet Management Corp.    2,531,751 
4,500   Emera Inc.    235,313 
31,109   Enbridge Inc.    1,706,618 
10,600   Equinox Gold Corp.    144,531 
33,800   Extendicare Inc.    794,991 
333   Fairfax Financial Holdings Ltd.    518,217 
22,849   Finning International Inc.    1,725,607 
7,100   First Majestic Silver Corp.    149,951 
10,000   First Quantum Minerals Ltd.*    307,804 
500   FirstService Corp.(b)    67,022 
7,088   Fortis Inc.    392,030 
143,700   Fortuna Mining Corp.*    1,441,377 
48,269   Franco-Nevada Corp.    11,180,148 
2,301   George Weston Ltd.    161,177 
4,000   GFL Environmental Inc.    134,204 
2,600   Gildan Activewear Inc., Class A Shares    158,606 
3,915   Great-West Lifeco Inc.    228,517 
4,602   Hydro One Ltd.(a)    189,247 
1,300   iA Financial Corp. Inc.    162,057 
8,500   IAMGOLD Corp.*    153,750 
1,000   IGM Financial Inc.    56,977 
1,800   Imperial Oil Ltd.    213,538 
2,484   Intact Financial Corp.    487,990 
11,100   Ivanhoe Mines Ltd., Class A Shares*    98,296 
3,200   Keyera Corp.    132,730 
40,900   Killam Apartment Real Estate Investment Trust    544,028 
17,200   Kinross Gold Corp.    522,437 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Canada - (continued)     
12,600   Linamar Corp.   $932,115 
7,704   Loblaw Cos., Ltd.    344,579 
1,300   Lundin Gold Inc.    86,789 
9,500   Lundin Mining Corp.    283,732 
3,725   Magna International Inc.    241,390 
23,824   Manulife Financial Corp.(c)    911,111 
2,865   Metro Inc.    183,831 
5,606   National Bank of Canada    818,619 
6,958   Nutrien Ltd.    476,432 
90,800   OceanaGold Corp.    2,742,176 
3,500   Open Text Corp.    83,210 
5,800   Pan American Silver Corp.    331,182 
97,900   Parex Resources Inc.    1,707,641 
8,227   Pembina Pipeline Corp.    383,724 
7,587   Power Corp. of Canada    458,533 
8,442   Quebecor Inc., Class B Shares    409,610 
36,700   RioCan Real Estate Investment Trust    590,639 
19,958   Royal Bank of Canada    3,827,744 
21,811   Russel Metals Inc.    987,728 
3,300   Saputo Inc.    101,097 
39,919   Shopify Inc., Class A Shares*    4,748,043 
1,700   Stantec Inc.    128,437 
68,100   Strathcona Resources Ltd.    2,182,578 
7,876   Sun Life Financial Inc.    565,966 
175,162   Suncor Energy Inc.(c)    10,942,858 
14,757   TC Energy Corp.    983,158 
46,042   Teck Resources Ltd., Class B Shares    3,053,104 
6,985   TELUS Corp.    87,692 
1,100   TFI International Inc.    169,675 
1,738   Thomson Reuters Corp.    150,682 
34,359   TMX Group Ltd.    1,285,597 
1,200   Toromont Industries Ltd.    197,902 
23,980   Toronto-Dominion Bank    2,743,578 
5,339   Tourmaline Oil Corp.    244,026 
3,656   Waste Connections Inc.    545,536 
55,159   Wheaton Precious Metals Corp.    7,415,341 
18,100   Whitecap Resources Inc.    207,937 
1,900   WSP Global Inc.    269,070 
    Total Canada    126,067,898 
Chile - 0.1%     
4,982   Antofagasta PLC    274,559 
31,214   Sociedad Quimica y Minera de Chile SA, ADR    2,680,346 
    Total Chile    2,954,905 
China - 2.4%     
9,500   AAC Technologies Holdings Inc.    55,201 
204,091   BYD Co., Ltd., Class H Shares(d)    2,367,318 
882,786   China Mengniu Dairy Co., Ltd.    1,911,369 
2,784,000   China Resources Pharmaceutical Group Ltd.    1,658,166 
65,174   Contemporary Amperex Technology Co., Ltd., Class A Shares    4,085,552 
188,782   FinVolution Group, ADR    991,105 
183,097   Full Truck Alliance Co., Ltd., ADR    1,614,916 
180,786   Fuyao Glass Industry Group Co., Ltd., Class A Shares    1,407,459 
68,601   GDS Holdings Ltd., ADR*(c)    2,431,905 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
China - (continued)     
269,260   Hongfa Technology Co., Ltd., Class A Shares   $1,347,182 
135,078   Jiangsu Hengli Hydraulic Co., Ltd., Class A Shares    2,174,468 
80,436   KE Holdings Inc., ADR(c)    1,335,238 
1,328,770   Kingdee International Software Group Co., Ltd.*    1,234,040 
110,000   Lenovo Group Ltd.    339,145 
85,400   Meituan, Class B Shares*    829,592 
70,095   Montage Technology Co., Ltd., Class A Shares    2,639,372 
29,849   Montage Technology Co., Ltd., Class H Shares*(d)    1,526,862 
125,822   Pony AI Inc., ADR*    1,261,995 
399,200   Sany Heavy Industry Co., Ltd., Class A Shares    1,058,875 
180,409   SF Holding Co., Ltd., Class H Shares(d)    719,592 
169,500   Shenzhen Inovance Technology Co., Ltd., Class A Shares    1,850,697 
263,500   Shenzhou International Group Holdings Ltd.    1,565,028 
121,486   Tencent Holdings Ltd.    6,614,472 
16,865   Tencent Holdings Ltd., ADR    920,829 
114,386   Tencent Music Entertainment Group, ADR    1,054,639 
461,200   Tongcheng Travel Holdings Ltd.@   833,665 
123,004   Weibo Corp., ADR    966,811 
123,955   WuXi AppTec Co., Ltd., Class A Shares    1,861,984 
71,341   Zai Lab Ltd., ADR*(c)    1,262,022 
332,337   Zhejiang Sanhua Intelligent Controls Co., Ltd., Class H Shares(c)(d)    1,335,901 
245,167   Zhejiang Shuanghuan Driveline Co., Ltd., Class A Shares    1,421,988 
    Total China    50,677,388 
Curacao - 0.0%     
213   HAL Trust    42,532 
Czech Republic - 0.0%     
2,165   CSG NV*    45,393 
Denmark - 1.3%     
38   AP Moller - Maersk AS, Class A Shares    92,045 
42   AP Moller - Maersk AS, Class B Shares    103,635 
76,459   Carlsberg AS, Class B Shares    10,200,741 
38,636   Coloplast AS, Class B Shares    2,372,050 
14,358   D/S Norden AS    663,874 
9,093   Danske Bank AS    479,027 
884   Demant AS*    34,790 
2,720   DSV AS    677,526 
849   Genmab AS*    223,406 
42,981   H Lundbeck AS    291,348 
4,229   ISS AS    174,161 
48,291   Novo Nordisk AS, ADR    2,201,104 
45,427   Novo Nordisk AS, Class B Shares    2,071,843 
13,156   Novonesis Novozymes B    764,316 
6,382   Orsted AS*(a)    163,475 
992   Pandora AS    92,931 
1,255   ROCKWOOL AS, Class B Shares    38,927 
4,115   Tryg AS    96,852 
231,203   Vestas Wind Systems AS    6,496,980 
    Total Denmark    27,239,031 
Finland - 1.8%     
1,840   Elisa OYJ    88,199 
383,088   Fortum OYJ    8,959,789 
3,839   Kesko OYJ, Class B Shares    93,024 
4,475   Kone OYJ, Class B Shares    266,929 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Finland - (continued)     
9,409   Metso OYJ   $179,591 
5,893   Neste OYJ    193,569 
893,176   Nokia OYJ    13,165,721 
407,398   Nordea Bank Abp    7,796,592 
1,420   Orion OYJ, Class B Shares    118,548 
34,745   Sampo OYJ, Class A Shares    366,700 
616,981   Stora Enso OYJ, Class R Shares    7,223,913 
7,475   UPM-Kymmene OYJ    218,223 
2,318   Valmet OYJ    62,691 
6,427   Wartsila OYJ Abp    261,603 
    Total Finland    38,995,092 
France - 4.9%     
956   Abivax SA*    126,748 
3,147   Accor SA    171,558 
485   Aeroports de Paris SA    65,056 
8,198   Air Liquide SA    1,702,779 
5,244   Alstom SA*    104,748 
737   Amundi SA(a)    72,124 
22,870   AXA SA    1,056,579 
4,134   Ayvens SA(a)    55,618 
490   BioMerieux    42,519 
111,461   BNP Paribas SA    12,021,150 
9,638   Bollore SE    61,056 
2,554   Bouygues SA    150,250 
5,255   Bureau Veritas SA    158,911 
2,191   Capgemini SE*    260,435 
7,919   Carrefour SA    146,543 
46,917   Compania de Saint-Gobain SA    4,319,852 
9,328   Compania Generale des Etablissements Michelin SCA    341,001 
939   Covivio SA    60,289 
13,263   Credit Agricole SA    255,795 
9,030   Danone SA    641,136 
6,823   Dassault Aviation SA    2,425,614 
136,019   Dassault Systemes SE(c)    2,982,357 
3,215   Edenred SE    87,354 
1,127   Eiffage SA    163,322 
26,218   Engie SA    809,124 
13,549   EssilorLuxottica SA    2,755,124 
1,690   FDJ UNITED    44,794 
667   Gecina SA    56,997 
4,289   Getlink SE    93,710 
1,449   Hermes International SCA    2,723,128 
498   Ipsen SA    90,937 
965   Kering SA    288,292 
2,721   Klepierre SA    110,951 
56,359   Legrand SA    9,600,340 
3,266   L’Oreal SA    1,460,324 
3,636   LVMH Moet Hennessy Louis Vuitton SE    2,014,918 
29,829   Orange SA    624,345 
29,074   Pernod Ricard SA    2,146,986 
3,276   Publicis Groupe SA    319,874 
2,966   Renault SA    102,299 
24,276   Rexel SA    1,037,030 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
France - (continued)     
12,059   Safran SA   $4,294,902 
15,292   Sanofi SA    1,338,413 
8,911   Sartorius Stedim Biotech    1,843,130 
44,424   Schneider Electric SE    13,960,089 
261,965   SCOR SE    9,378,274 
9,535   Societe Generale SA    791,295 
1,042   Sodexo SA    57,365 
3,700   Sopra Steria Group    642,856 
2,154   SPIE SA    122,784 
17,485   Teleperformance SE(c)    1,287,921 
21,621   Thales SA    6,035,188 
122,275   TotalEnergies SE    10,750,177 
1,722   Unibail-Rodamco-Westfield    199,411 
8,833   Veolia Environnement SA    356,675 
7,105   Vinci SA    1,032,181 
    Total France    103,842,628 
Germany - 4.9%     
2,355   adidas AG    457,661 
8,031   Allianz SE, Class Registered Shares    3,572,797 
183,752   Aumovio SE*    8,603,161 
8,060   Aurubis AG    2,032,103 
12,712   BASF SE    754,610 
14,017   Bayer AG, Class Registered Shares    597,219 
4,011   Bayerische Motoren Werke AG    349,782 
697   Bayerische Motoren Werke AG (Non-Voting)    60,693 
1,239   Bechtle AG*    48,296 
17,742   Beiersdorf AG    1,431,607 
1,638   Brenntag SE    108,044 
9,428   Commerzbank AG    407,248 
74,304   Continental AG    6,185,007 
907   CTS Eventim AG & Co. KGaA    65,754 
6,801   Daimler Truck Holding AG    334,325 
3,165   Delivery Hero SE, Class A Shares*(a)    136,525 
24,936   Deutsche Bank AG, Class Registered Shares    810,382 
27,450   Deutsche Boerse AG    7,928,711 
7,756   Deutsche Lufthansa AG, Class Registered Shares    77,374 
99,836   Deutsche Post AG    5,968,273 
87,240   Deutsche Telekom AG, Class Registered Shares    2,935,507 
1,070   Deutsche Wohnen SE    24,064 
556   DWS Group GmbH & Co. KGaA(a)    40,083 
31,658   E.ON SE    671,949 
3,417   Evonik Industries AG*    67,069 
70,640   Fraport AG Frankfurt Airport Services Worldwide    5,936,856 
2,935   Fresenius Medical Care AG    127,333 
6,004   Fresenius SE & Co. KGaA    254,014 
1,107   FUCHS SE    50,747 
2,056   GEA Group AG    132,976 
844   Hannover Rueck SE    228,606 
1,766   Heidelberg Materials AG    393,052 
1,321   Henkel AG & Co. KGaA    95,870 
2,286   Henkel AG & Co. KGaA (Non-Voting)    177,533 
947   Hensoldt AG    97,684 
202   HOCHTIEF AG    114,657 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Germany - (continued)     
175,730   Infineon Technologies AG   $16,626,749 
1,041   KION Group AG    53,249 
5,852   Knorr-Bremse AG    707,817 
990   LEG Immobilien SE    64,231 
10,736   Mercedes-Benz Group AG    653,587 
1,782   Merck KGaA    271,866 
757   MTU Aero Engines AG    276,437 
1,865   Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class Registered Shares    983,561 
705   Nemetschek SE    50,822 
59   Rational AG    45,353 
1,117   RENK Group AG    74,039 
642   Rheinmetall AG    967,971 
9,342   RWE AG    594,455 
50,968   SAP SE    9,221,156 
2,953   Schaeffler AG    36,374 
49,520   Schott Pharma AG & Co. KGaA    1,051,272 
1,124   Scout24 SE(a)    94,687 
17,000   Siemens AG, Class Registered Shares    5,350,217 
28,418   Siemens Energy AG    5,400,184 
54,261   Siemens Healthineers AG(a)    2,210,411 
57,965   Symrise AG, Class A Shares    5,347,906 
901   Talanx AG    108,250 
959   Traton SE*    37,759 
293,366   TUI AG    2,416,162 
447   Volkswagen AG*    48,934 
2,881   Volkswagen AG (Non-Voting)*    308,571 
9,709   Vonovia SE    242,581 
3,666   Zalando SE*(a)    99,506 
    Total Germany    104,621,679 
Greece - 0.3%     
1,833   Metlen Energy & Metals PLC*    88,305 
36,375   Motor Oil Hellas Corinth Refineries SA    1,568,983 
170,255   National Bank of Greece SA    2,942,036 
247,332   Piraeus Bank SA*    2,629,133 
    Total Greece    7,228,457 
Hong Kong - 1.7%     
939,585   AIA Group Ltd.    9,873,361 
53,054   Alibaba Group Holding Ltd., ADR    6,590,368 
13,055   Bank of East Asia Ltd.    22,726 
50,000   BOC Hong Kong Holdings Ltd.    306,057 
15,100   Budweiser Brewing Co. APAC Ltd.(a)    13,495 
23,000   Cathay Pacific Airways Ltd.    39,189 
27,400   Chow Tai Fook Jewellery Group Ltd.    38,446 
22,500   CK Asset Holdings Ltd.    136,378 
889,120   CK Hutchison Holdings Ltd.    8,024,337 
8,000   CK Infrastructure Holdings Ltd.    60,638 
21,658   CLP Holdings Ltd.    211,300 
19,800   CTF Services Ltd.    20,395 
2,800   DFI Retail Group Holdings Ltd., Class Registered Shares    11,192 
18,000   First Pacific Co., Ltd.    11,754 
32,000   Galaxy Entertainment Group Ltd.    128,219 
15,000   Hang Lung Group Ltd.    27,875 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Hong Kong - (continued)     
20,185   Hang Lung Properties Ltd.   $20,721 
18,000   Henderson Land Development Co., Ltd.    71,152 
165,000   Hong Kong & China Gas Co., Ltd.    151,204 
16,900   Hong Kong Exchanges & Clearing Ltd.    864,932 
13,500   Hongkong Land Holdings Ltd.    102,910 
34,500   Hutchison Port Holdings Trust, Class U Shares    7,073 
8,000   HUTCHMED China Ltd.*    18,733 
344,000   Hysan Development Co., Ltd.    818,994 
2,500   Jardine Matheson Holdings Ltd.    165,814 
7,500   Johnson Electric Holdings Ltd.    24,446 
12,000   Kerry Properties Ltd.    31,735 
37,610   Link REIT    193,871 
28,400   Man Wah Holdings Ltd.    13,165 
20,500   MTR Corp., Ltd.    82,708 
24,000   New World Development Co., Ltd.*    25,191 
1,500   Orient Overseas International Ltd.    26,097 
63,000   PCCW Ltd.    45,732 
21,000   Power Assets Holdings Ltd.    161,305 
36,196   Prudential PLC    522,013 
34,000   Shangri-La Asia Ltd.    18,556 
48,000   Sino Land Co., Ltd.    72,527 
21,000   SITC International Holdings Co., Ltd.    93,044 
20,500   Sun Hung Kai Properties Ltd.    346,087 
6,500   Swire Pacific Ltd., Class A Shares    67,859 
14,600   Swire Properties Ltd.    41,459 
1,547,000   TCL Electronics Holdings Ltd.*    2,728,998 
21,000   Techtronic Industries Co., Ltd.    312,942 
136,000   United Energy Group Ltd.    7,991 
2,208,000   VSTECS Holdings Ltd.    2,727,021 
3,600   VTech Holdings Ltd.    23,540 
119,000   WH Group Ltd.(a)    138,540 
13,000   Wharf Holdings Ltd.    36,712 
21,000   Wharf Real Estate Investment Co., Ltd.    64,655 
27,658   Xinyi Glass Holdings Ltd.    34,960 
7,000   Yue Yuen Industrial Holdings Ltd.    13,108 
3,800   Zijin Gold International Co., Ltd.*    63,771 
    Total Hong Kong    35,655,296 
Hungary - 0.1%     
7,972   OTP Bank Nyrt    1,092,061 
India - 2.8%     
16,993   Acutaas Chemicals Ltd.    564,733 
148,013   Axis Bank Ltd.    1,995,741 
360,622   Bajaj Finance Ltd.*    3,434,607 
403,242   Bharat Electronics Ltd.    1,746,687 
145,402   Bharti Airtel Ltd.    2,791,987 
27,391   Chennai Petroleum Corp., Ltd.    302,828 
64,133   Cholamandalam Investment & Finance Co., Ltd.    1,040,714 
69,628   Cummins India Ltd.    4,326,072 
22,485   Divi’s Laboratories Ltd.    1,578,478 
9,993   Dixon Technologies India Ltd.    1,205,172 
33,035   Dr Lal PathLabs Ltd.    554,965 
1,141,114   Eternal Ltd.*    3,010,951 
47,728   Godrej Properties Ltd.*    890,412 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
India - (continued)     
148,844   ICICI Bank Ltd.   $1,965,973 
36,443   InterGlobe Aviation Ltd.(a)    1,699,099 
1,078,080   JM Financial Ltd.    1,475,567 
402,652   JSW Energy Ltd.    2,536,548 
6,592   Kaynes Technology India Ltd.*    216,916 
85,366   Kirloskar Oil Engines Ltd.    1,725,067 
268,021   Kotak Mahindra Bank Ltd.    1,082,358 
33,000   Larsen & Toubro Ltd.    1,412,989 
20,027   LG Electronics India Ltd.*    320,312 
122,578   LIC Housing Finance Ltd.    688,191 
196,859   Max Healthcare Institute Ltd.    1,996,069 
804,121   National Aluminium Co., Ltd.    3,583,036 
187,418   Nippon Life India Asset Management Ltd.(a)    2,165,845 
511,986   NTPC Ltd.    2,094,890 
57,230   Nuvama Wealth Management Ltd.    938,461 
460,036   Power Finance Corp., Ltd.    2,079,347 
765,349   Power Grid Corp. of India Ltd.    2,318,603 
168,594   PTC India Ltd.    324,788 
164,156   Redington Ltd.    387,330 
132,736   Reliance Industries Ltd.    1,841,750 
94,569   SBI Life Insurance Co., Ltd.(a)    1,825,293 
25,701   Tata Communications Ltd.    527,998 
82,576   Tata Consumer Products Ltd.    1,018,581 
42,046   Trent Ltd.    1,865,349 
    Total India    59,533,707 
Indonesia - 0.7%     
2,008,700   Adaro Andalan Indonesia PT    942,157 
14,364,600   Alamtri Resources Indonesia Tbk PT    1,847,794 
11,417,500   Aneka Tambang Tbk    1,870,265 
4,022,000   Bank Central Asia Tbk PT    1,283,408 
28,969,200   Bank Mandiri Persero Tbk PT    6,606,587 
370,000   Indo Tambangraya Megah Tbk PT    457,752 
4,405,200   Japfa Comfeed Indonesia Tbk PT    604,260 
7,302,700   Telkom Indonesia Persero Tbk PT    1,219,694 
    Total Indonesia    14,831,917 
Ireland - 1.3%     
474,916   AIB Group PLC    5,568,631 
168,751   Bank of Ireland Group PLC    3,429,064 
36,351   CRH PLC    3,954,625 
1,276   DCC PLC    103,164 
146,001   Experian PLC    5,065,822 
8,011   James Hardie Industries PLC, CDI*    184,057 
25,799   Kerry Group PLC, Class A Shares    2,201,676 
14,292   Kingspan Group PLC    1,309,199 
59,027   Ryanair Holdings PLC    1,728,093 
54,901   Ryanair Holdings PLC, ADR    3,336,883 
    Total Ireland    26,881,214 
Israel - 0.5%     
1,281   Airport City Ltd.*    24,564 
4,825   Amot Investments Ltd.    32,416 
524   Azrieli Group Ltd.    87,036 
18,415   Bank Hapoalim BM    473,682 
20,709   Bank Leumi Le-Israel BM    525,415 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Israel - (continued)     
40,305   Bezeq The Israeli Telecommunication Corp., Ltd.   $114,508 
242   Big Shopping Centers Ltd.    65,900 
382   Camtek Ltd.*    67,389 
12,417   Check Point Software Technologies Ltd.*    1,676,916 
1,074   Clal Insurance Enterprises Holdings Ltd.    107,914 
133   Delek Group Ltd.    40,898 
78,704   El Al Israel Airlines    375,465 
382   Elbit Systems Ltd.    344,114 
3,236   Energix-Renewable Energies Ltd.    33,259 
1,807   Enlight Renewable Energy Ltd.*    194,702 
57   Fattal Holdings 1998 Ltd.*    17,267 
207   FIBI Holdings Ltd.    22,792 
785   First International Bank Of Israel Ltd.    66,846 
194,508   G City Ltd.    880,541 
1,772   Harel Insurance Investments & Financial Services Ltd.    112,499 
12,202   ICL Group Ltd.    80,490 
77   Israel Corp., Ltd.    25,410 
17,523   Israel Discount Bank Ltd., Class A Shares    194,611 
131   Isrotel Ltd.*    6,777 
806   Matrix IT Ltd.    25,432 
370   Mega Or Holdings Ltd.    89,571 
648   Meitav Investment House Ltd.    39,396 
291   Melisron Ltd.    45,883 
341   Menora Mivtachim Holdings Ltd.    63,267 
7,256   Migdal Insurance & Financial Holdings Ltd.*    49,180 
5,872   Mivne Real Estate KD Ltd.    30,058 
2,146   Mizrahi Tefahot Bank Ltd.    164,987 
959   Next Vision Stabilized Systems Ltd.    102,068 
930   Nice Ltd.*    85,847 
432   Nova Ltd.*    225,855 
2,365   OPC Energy Ltd.*    103,849 
3,413   Phoenix Financial Ltd.    226,854 
1,620   Shapir Engineering & Industry Ltd.*    26,284 
4,585   Shikun & Binui Ltd.*    35,306 
2,749   Shufersal Ltd.    47,558 
752   Strauss Group Ltd.    32,332 
16,183   Teva Pharmaceutical Industries Ltd.*    570,053 
6,236   Tower Semiconductor Ltd.*    1,639,877 
70,592   ZIM Integrated Shipping Services Ltd.    1,658,206 
    Total Israel    10,833,274 
Italy - 2.5%     
19,177   A2A SpA    50,202 
205,144   Azimut Holding SpA(c)    8,306,510 
43,546   Banca Mediolanum SpA    1,002,163 
28,940   Banca Monte dei Paschi di Siena SpA    311,150 
20,550   Banco BPM SpA    321,861 
95,402   BPER Banca SpA    1,286,242 
388   Brunello Cucinelli SpA    37,194 
1,093   Buzzi SpA    59,019 
7,868   Danieli & C Officine Meccaniche SpA    456,693 
8,315   Davide Campari-Milano NV    54,024 
728,813   Enel SpA    8,156,695 
26,778   Eni SpA    697,348 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Italy - (continued)     
8,300   Ferrari NV   $2,850,533 
9,007   FinecoBank Banca Fineco SpA    219,340 
13,776   Generali    620,420 
11,766   Hera SpA    52,803 
3,467   Infrastrutture Wireless Italiane SpA(a)    26,996 
1,183   Interpump Group SpA    49,265 
219,173   Intesa Sanpaolo SpA    1,477,784 
7,778   Italgas SpA    91,121 
5,601   Leonardo SpA    354,744 
1,405   Mediobanca Banca di Credito Finanziario SpA    36,200 
3,349   Moncler SpA    217,352 
4,629   Nexi SpA(a)    18,906 
6,281   Pirelli & C SpA(a)    46,104 
6,486   Poste Italiane SpA    191,395 
9,000   PRADA SpA    42,089 
8,570   Prysmian SpA    1,456,406 
1,570   Recordati Industria Chimica e Farmaceutica SpA    94,264 
408   Reply SpA    48,938 
1,741,056   Saipem SpA(c)    8,366,854 
3,913   Sesa SpA    442,904 
1,355,137   Snam SpA    9,896,622 
2,336   Technoprobe SpA*    87,025 
245,413   Telecom Italia SpA*    208,714 
19,421   Terna - Rete Elettrica Nazionale    222,900 
35,751   UniCredit SpA    3,076,958 
122,383   Unipol Assicurazioni SpA    3,019,029 
    Total Italy    53,954,767 
Japan - 13.5%     
2,700   77 Bank Ltd.    53,393 
1,200   ABC-Mart Inc.    19,845 
8,500   Acom Co., Ltd.    24,965 
26   Activia Properties Inc.    21,345 
38   Advance Residence Investment Corp.    36,745 
10,300   Advantest Corp.    1,679,179 
36,220   Aeon Co., Ltd.    316,340 
2,300   AEON Financial Service Co., Ltd.    21,808 
22   AEON REIT Investment Corp.    16,964 
2,700   AGC Inc.    117,604 
2,100   Air Water Inc.    34,246 
6,600   Aisin Corp.    99,822 
46,900   Ajinomoto Co., Inc.    1,517,369 
69,000   Alfresa Holdings Corp.    965,689 
248,400   Alps Alpine Co., Ltd.    3,392,659 
4,500   ALSOK Co., Ltd.    31,807 
4,300   Amada Co., Ltd.    81,236 
1,100   Amano Corp.    24,702 
2,400   ANA Holdings Inc.    45,039 
800   Aozora Bank Ltd.    13,424 
19,446   Asahi Group Holdings Ltd.    186,182 
22,800   Asahi Intecc Co., Ltd.    538,697 
18,600   Asahi Kasei Corp.    208,491 
9,200   Asics Corp.    279,392 
24,900   Astellas Pharma Inc.    354,637 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
5,900   Azbil Corp.   $61,593 
8,300   Bandai Namco Holdings Inc.    189,385 
2,100   BayCurrent Inc.    74,131 
1,000   Bic Camera Inc.    11,156 
800   BIPROGY Inc.    23,086 
2,000   Blue Zones Holdings Co., Ltd.    21,732 
15,400   Bridgestone Corp.    332,634 
81,500   Brother Industries Ltd.    1,920,691 
9,600   Calbee Inc.    175,127 
12,200   Canon Inc.    323,766 
1,600   Canon Marketing Japan Inc.    35,836 
4,600   Capcom Co., Ltd.    87,148 
3,300   Casio Computer Co., Ltd.    37,083 
12,400   Central Japan Railway Co.    270,876 
192,300   Chiba Bank Ltd.    2,804,079 
204,300   Chiyoda Corp.*(c)    966,403 
10,500   Chubu Electric Power Co., Inc.    192,858 
37,900   Chugai Pharmaceutical Co., Ltd.    1,862,220 
1,700   Chugin Financial Group Inc.    31,838 
177,100   Chugoku Electric Power Co., Inc.    971,741 
1,000   Coca-Cola Bottlers Japan Holdings Inc.    22,217 
1,700   COMSYS Holdings Corp.    57,960 
1,800   Cosmo Energy Holdings Co., Ltd.    42,179 
600   Cosmos Pharmaceutical Corp.    22,692 
22,000   Credit Saison Co., Ltd.    565,738 
6,200   CyberAgent Inc.    50,343 
5,100   Dai Nippon Printing Co., Ltd.    88,619 
2,300   Daicel Corp.    19,243 
1,900   Daido Steel Co., Ltd.    24,747 
5,000   Daifuku Co., Ltd.    229,135 
49,100   Daiichi Life Group Inc.    504,582 
26,200   Daiichi Sankyo Co., Ltd.    443,610 
32,200   Daiichikosho Co., Ltd.    329,981 
3,900   Daikin Industries Ltd.    563,811 
4,100   Daito Trust Construction Co., Ltd.    81,567 
8,100   Daiwa House Industry Co., Ltd.    220,262 
70   Daiwa House REIT Investment Corp., Class A Shares    53,008 
10   Daiwa Office Investment Corp., Class A Shares    19,968 
18,800   Daiwa Securities Group Inc.    176,870 
38   Daiwa Securities Living Investments Corp., Class A Shares    24,195 
25,200   Denso Corp.    301,869 
2,500   Dentsu Group Inc.    47,177 
1,500   Dentsu Soken Inc.    19,826 
2,100   Dexerials Corp.    53,153 
21,300   DIC Corp.    645,844 
3,800   Disco Corp.    1,559,706 
2,200   DMG Mori Co., Ltd.    47,599 
800   Dowa Holdings Co., Ltd.    51,640 
60,100   East Japan Railway Co.    1,287,359 
6,300   Ebara Corp.    224,309 
4,100   Eisai Co., Ltd.    102,328 
2,400   Electric Power Development Co., Ltd.    60,471 
38,000   ENEOS Holdings Inc.    310,970 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
3,300   EXEO Group Inc.   $58,978 
27,300   Ezaki Glico Co., Ltd.    933,062 
13,200   FANUC Corp.    656,318 
2,500   Fast Retailing Co., Ltd.    1,290,995 
1,600   Food & Life Cos., Ltd.    109,263 
40   Frontier Real Estate Investment Corp.    20,489 
1,900   Fuji Electric Co., Ltd.    183,805 
900   Fuji Media Holdings Inc.    21,321 
400   Fuji Oil Co., Ltd.    8,860 
16,500   FUJIFILM Holdings Corp.    344,235 
23,100   Fujikura Ltd.    690,274 
24,100   Fujitsu Ltd.    514,350 
2,700   Fukuoka Financial Group Inc.    111,234 
1,000   Furukawa Electric Co., Ltd.    326,116 
1,200   Fuyo General Lease Co., Ltd.    31,614 
62   GLP J-Reit    52,050 
1,200   GMO internet group Inc.    24,805 
600   GMO Payment Gateway Inc.    33,000 
1,500   Goldwin Inc.    19,847 
1,400   GS Yuasa Corp.    57,576 
4,500   Gunma Bank Ltd.    63,759 
5,100   Hachijuni Nagano Bank Ltd.    74,290 
1,900   Hakuhodo DY Holdings Inc.    13,345 
3,700   Hamamatsu Photonics KK    66,767 
3,200   Hankyu Hanshin Holdings Inc.    94,076 
96,200   Hanwa Co., Ltd.    1,143,490 
900   Harmonic Drive Systems Inc.    43,987 
3,400   Haseko Corp.    57,703 
200   Hikari Tsushin Inc.    45,904 
4,100   Hirogin Holdings Inc.    51,864 
5,810   Hirose Electric Co., Ltd.    1,028,393 
1,300   Hitachi Construction Machinery Co., Ltd.    42,445 
137,300   Hitachi Ltd.    4,447,226 
61,200   Hokkaido Electric Power Co., Inc.(c)    357,815 
1,300   Hokuhoku Financial Group Inc.    52,614 
52,728   Honda Motor Co., Ltd.    474,931 
500   Horiba Ltd.    82,901 
1,200   Hoshizaki Corp.    39,666 
600   House Foods Group Inc.    12,879 
4,700   Hoya Corp.    798,099 
7,600   Hulic Co., Ltd.    80,984 
3,600   Ibiden Co., Ltd.    518,502 
12,000   Idemitsu Kosan Co., Ltd.    105,101 
12,600   IHI Corp.    218,960 
2,600   Iida Group Holdings Co., Ltd.    34,741 
24   Industrial & Infrastructure Fund Investment Corp., Class A Shares    21,118 
2,100   INFRONEER Holdings Inc.    32,335 
12,000   Inpex Corp.    271,929 
1,400   Internet Initiative Japan Inc.    27,282 
83   Invincible Investment Corp.    31,949 
4,200   Isetan Mitsukoshi Holdings Ltd.    89,085 
7,300   Isuzu Motors Ltd.    107,513 
600   Ito En Ltd.    11,348 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
89,200   ITOCHU Corp.   $1,084,017 
200   Itoham Yonekyu Holdings Inc.    6,167 
3,200   Iwatani Corp.    40,489 
3,000   Iyogin Holdings Inc.    57,422 
3,600   J Front Retailing Co., Ltd.    48,878 
1,500   Japan Airlines Co., Ltd.    25,836 
1,100   Japan Airport Terminal Co., Ltd.    33,367 
14,800   Japan Exchange Group Inc.    181,420 
100   Japan Hotel REIT Investment Corp., Class A Shares    48,099 
36   Japan Logistics Fund Inc.    20,774 
99   Japan Metropolitan Fund Invest    69,934 
25,500   Japan Post Bank Co., Ltd.    490,577 
23,900   Japan Post Holdings Co., Ltd.    310,260 
6,900   Japan Post Insurance Co., Ltd.    61,939 
52   Japan Prime Realty Investment Corp.    31,052 
86   Japan Real Estate Investment Corp.    61,698 
20,796   Japan Steel Works Ltd.    1,001,772 
15,600   Japan Tobacco Inc.    603,856 
600   Jeol Ltd.    26,764 
8,100   JFE Holdings Inc.    86,494 
2,600   JGC Holdings Corp.    44,555 
500   JMDC Inc.    8,894 
3,000   JTEKT Corp.    40,734 
200   Justsystems Corp.    5,141 
8,000   JX Advanced Metals Corp.    196,839 
1,500   Kadokawa Corp.    30,044 
17,400   Kaga Electronics Co., Ltd.    484,104 
1,500   Kagome Co., Ltd.    24,267 
6,100   Kajima Corp.    226,311 
1,800   Kakaku.com Inc.    37,764 
1,300   Kamigumi Co., Ltd.    38,706 
1,600   Kandenko Co., Ltd.    65,717 
700   Kaneka Corp.    24,268 
13,600   Kansai Electric Power Co., Inc.    199,157 
2,500   Kansai Paint Co., Ltd.    38,443 
6,400   Kao Corp.    245,678 
10,900   Kawasaki Heavy Industries Ltd.    214,351 
5,900   Kawasaki Kisen Kaisha Ltd.    93,351 
39,400   KDDI Corp.    678,325 
46   KDX Realty Investment Corp., Class A Shares    45,903 
1,100   Keihan Holdings Co., Ltd.    22,091 
2,300   Keikyu Corp.    21,794 
10,000   Keio Corp.    46,328 
6,900   Keisei Electric Railway Co., Ltd.    47,260 
1,600   Kewpie Corp.    40,461 
14,000   Keyence Corp.    7,033,524 
9,600   Kikkoman Corp.    83,883 
1,400   Kinden Corp.    63,022 
2,300   Kintetsu Group Holdings Co., Ltd.    51,807 
2,600   Kioxia Holdings Corp.*    1,071,805 
11,200   Kirin Holdings Co., Ltd.    189,665 
800   Kobayashi Pharmaceutical Co., Ltd.    29,384 
2,200   Kobe Bussan Co., Ltd.    37,448 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
65,300   Kobe Steel Ltd.   $811,034 
2,200   Koei Tecmo Holdings Co., Ltd.    20,451 
2,500   Koito Manufacturing Co., Ltd.    43,862 
3,400   Kokusai Electric Corp.    174,886 
3,100   Kokuyo Co., Ltd.    15,981 
207,829   Komatsu Ltd.    8,567,512 
1,400   Konami Group Corp.    166,244 
102,900   Konica Minolta Inc.    393,300 
5,800   Kose Holdings Corp.    203,964 
1,300   Kotobuki Spirits Co., Ltd.    17,027 
600   Kraftia Corp.    35,079 
2,200   K’s Holdings Corp.    28,915 
13,300   Kubota Corp.    236,931 
3,700   Kuraray Co., Ltd.    38,086 
1,500   Kurita Water Industries Ltd.    82,298 
1,200   Kusuri no Aoki Holdings Co., Ltd.    26,142 
17,800   Kyocera Corp.    388,713 
3,800   Kyoto Financial Group Inc.    105,568 
2,800   Kyowa Kirin Co., Ltd.    44,045 
268,500   Kyushu Electric Power Co., Inc.    2,758,733 
5,000   Kyushu Financial Group Inc.    43,312 
66,300   Kyushu Railway Co.    1,465,671 
23   LaSalle Logiport REIT    21,034 
1,100   Lasertec Corp.    276,630 
26,100   Lion Corp.    265,375 
3,900   Lixil Corp.    41,294 
35,300   LY Corp.    92,296 
146,700   M3 Inc.    1,311,964 
2,400   Mabuchi Motor Co., Ltd.    23,382 
1,600   Macnica Holdings Inc.    31,306 
3,702   Makita Corp.    127,907 
20,900   Marubeni Corp.    681,955 
2,200   Marui Group Co., Ltd.    37,694 
2,100   Maruichi Steel Tube Ltd.    23,796 
100   Maruwa Co., Ltd.    46,645 
4,800   MatsukiyoCocokara & Co.    68,431 
10,100   Mazda Motor Corp.    72,731 
1,100   McDonald’s Holdings Co. Japan Ltd.    53,793 
11,500   Mebuki Financial Group Inc.    95,823 
55,800   Medipal Holdings Corp.    960,704 
3,800   MEIJI Holdings Co., Ltd.    89,913 
1,400   Mercari Inc.*    37,234 
15,800   Metaplanet Inc.*    28,576 
416,204   MINEBEA MITSUMI Inc.    11,902,529 
560,230   MISUMI Group Inc.    13,274,068 
19,200   Mitsubishi Chemical Group Corp.    138,043 
46,700   Mitsubishi Corp.    1,485,019 
154,168   Mitsubishi Electric Corp.    6,337,712 
15,500   Mitsubishi Estate Co., Ltd.    393,298 
2,200   Mitsubishi Gas Chemical Co., Inc.    76,447 
12,100   Mitsubishi HC Capital Inc.    98,893 
45,600   Mitsubishi Heavy Industries Ltd.    1,089,812 
5,100   Mitsubishi Logistics Corp.    48,085 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
1,900   Mitsubishi Materials Corp.   $61,359 
638,200   Mitsubishi Motors Corp.(c)    1,488,903 
156,600   Mitsubishi UFJ Financial Group Inc.    2,944,901 
36,000   Mitsui & Co., Ltd.    1,195,666 
4,500   Mitsui Chemicals Inc.    61,649 
1,600   Mitsui E&S Co., Ltd.    44,789 
27   Mitsui Fudosan Accommodations Fund Inc., Class A Shares    21,337 
36,000   Mitsui Fudosan Co., Ltd.    344,999 
44   Mitsui Fudosan Logistics Park Inc.    29,811 
700   Mitsui Kinzoku Co., Ltd.    226,346 
4,400   Mitsui OSK Lines Ltd.    150,302 
800   Miura Co., Ltd.    16,189 
34,200   Mizuho Financial Group Inc.    1,542,377 
700   Modec Inc.    44,041 
500   Money Forward Inc.*    13,647 
4,000   MonotaRO Co., Ltd.    47,236 
28   Mori Hills REIT Investment Corp., Class A Shares    22,768 
1,100   Morinaga Milk Industry Co., Ltd.    33,578 
17,300   MS&AD Insurance Group Holdings Inc.    465,687 
285,450   Murata Manufacturing Co., Ltd.    17,215,725 
299,153   Nabtesco Corp.    10,372,779 
6,400   Nagase & Co., Ltd.    45,238 
3,500   Nagoya Railroad Co., Ltd.    39,518 
1,800   NANKAI Co., Ltd.    31,527 
17,500   NEC Corp.    451,507 
3,900   Nexon Co., Ltd.    54,796 
58,800   Nextage Co., Ltd.    1,309,016 
3,700   NGK Corp.    146,489 
1,400   NH Foods Ltd.    53,755 
2,700   NHK Spring Co., Ltd.    60,737 
2,100   Nichias Corp.    46,572 
2,700   Nichirei Corp.    30,889 
13,900   NIDEC Corp.    243,761 
1,100   Nifco Inc.    31,127 
2,800   Nihon Kohden Corp.    25,366 
1,100   Nikkon Holdings Co., Ltd.    40,983 
4,400   Nikon Corp.    50,707 
14,700   Nintendo Co., Ltd.    658,561 
120   Nippon Building Fund Inc.    95,859 
1,000   Nippon Electric Glass Co., Ltd.    40,950 
2,900   NIPPON EXPRESS HOLDINGS Inc.    95,753 
2,400   Nippon Kayaku Co., Ltd.    32,138 
13,500   Nippon Paint Holdings Co., Ltd.    89,486 
85   Nippon Prologis REIT Inc.    45,527 
52,900   Nippon Sanso Holdings Corp.    2,051,843 
53,800   Nippon Shinyaku Co., Ltd.    1,419,188 
2,400   Nippon Shokubai Co., Ltd.    31,106 
69,600   Nippon Steel Corp.    247,471 
300   Nippon Television Holdings Inc.    5,347 
5,500   Nippon Yusen KK    183,460 
2,600   Nipro Corp.    28,035 
1,700   Nissan Chemical Corp.    80,091 
30,600   Nissan Motor Co., Ltd.*    76,249 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
4,300   Nisshin Seifun Group Inc.   $53,081 
64,500   Nissin Foods Holdings Co., Ltd.    1,083,926 
2,800   Niterra Co., Ltd.    178,500 
87,800   Nitori Holdings Co., Ltd.    1,447,523 
96,600   Nitto Denko Corp.    1,811,296 
3,200   NOF Corp.    56,124 
1,500   NOK Corp.    27,142 
42,800   Nomura Holdings Inc.    343,958 
7,700   Nomura Real Estate Holdings Inc.    43,891 
54   Nomura Real Estate Master Fund Inc.    51,724 
6,000   Nomura Research Institute Ltd.    190,639 
1,200   NS Solutions Corp.    26,275 
23,500   NS United Kaiun Kaisha Ltd.    1,153,973 
187,420   NSK Ltd.    1,470,249 
381,900   NTT Inc.    359,015 
9,600   Obayashi Corp.    195,659 
300   OBIC Business Consultants Co., Ltd.    11,554 
4,500   Obic Co., Ltd.    113,000 
4,800   Odakyu Electric Railway Co., Ltd.    48,739 
11,800   Oji Holdings Corp.    57,928 
885,285   Olympus Corp.    9,793,177 
329,045   Omron Corp.    11,894,786 
5,800   Ono Pharmaceutical Co., Ltd.    87,134 
1,000   Open House Group Co., Ltd.    54,244 
500   Oracle Corp. Japan    27,114 
300   Organo Corp.    29,999 
15,500   Oriental Land Co., Ltd.    223,427 
15,900   ORIX Corp.    617,349 
80   Orix JREIT Inc.    48,274 
5,100   Osaka Gas Co., Ltd.    171,394 
3,500   Otsuka Corp.    63,632 
6,200   Otsuka Holdings Co., Ltd.    456,080 
200   PALTAC Corp.    8,326 
27,100   Pan Pacific International Holdings Corp.    149,202 
32,000   Panasonic Holdings Corp.    742,232 
1,700   Park24 Co., Ltd.    19,812 
428,700   Persol Holdings Co., Ltd.    652,638 
1,700   Pola Orbis Holdings Inc.    13,736 
3,200   Rakus Co., Ltd.    20,292 
18,300   Rakuten Bank Ltd.*    534,249 
19,600   Rakuten Group Inc.*    91,623 
54,600   Recruit Holdings Co., Ltd.    3,668,723 
1,700   Relo Group Inc.    19,650 
174,900   Renesas Electronics Corp.    4,930,546 
540,700   Resona Holdings Inc.    6,911,746 
2,500   Resonac Holdings Corp.    293,064 
2,400   Resorttrust Inc.    25,554 
6,700   Ricoh Co., Ltd.    61,470 
1,600   Rinnai Corp.    34,089 
4,900   Rohm Co., Ltd.    168,091 
127,800   Rohto Pharmaceutical Co., Ltd.    1,908,512 
1,000   Rorze Corp.    24,639 
2,200   Round One Corp.    12,476 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
6,800   Ryohin Keikaku Co., Ltd.   $165,804 
48,700   Sankyo Co., Ltd.    492,482 
600   Sankyu Inc.    33,831 
169,700   Sanrio Co., Ltd.    913,897 
71,800   Santen Pharmaceutical Co., Ltd.    860,143 
2,900   Sanwa Holdings Corp.    66,376 
5,500   Sapporo Holdings Ltd.    55,060 
2,100   Sawai Group Holdings Co., Ltd.    23,063 
8,300   SBI Holdings Inc.    151,824 
2,600   SCREEN Holdings Co., Ltd.    181,145 
5,500   Secom Co., Ltd.    219,210 
2,500   Sega Sammy Holdings Inc.    36,228 
2,600   Seibu Holdings Inc.    46,070 
55,100   Seiko Epson Corp.    1,011,618 
900   Seino Holdings Co., Ltd.    15,392 
4,700   Sekisui Chemical Co., Ltd.    67,603 
8,800   Sekisui House Ltd.    185,107 
1,371   Sekisui House REIT Inc.    705,288 
164,700   Seven & i Holdings Co., Ltd.    1,923,787 
9,900   Seven Bank Ltd.    16,797 
5,500   SG Holdings Co., Ltd.    50,024 
3,200   Sharp Corp.*    12,422 
3,000   SHIFT Inc.*    13,253 
3,200   Shikoku Electric Power Co., Inc.    29,239 
85,900   Shimadzu Corp.    2,034,081 
2,400   Shimamura Co., Ltd.    49,641 
19,800   Shimano Inc.    2,048,983 
7,700   Shimizu Corp.    129,442 
44,500   Shin-Etsu Chemical Co., Ltd.    2,164,862 
10,400   Shionogi & Co., Ltd.    195,641 
41,400   Ship Healthcare Holdings Inc.    542,373 
6,200   Shiseido Co., Ltd.    108,431 
6,600   Shizuoka Financial Group Inc.    118,790 
1,600   SHO-BOND Holdings Co., Ltd.    12,792 
1,800   SKY Perfect JSAT Corp.    50,450 
2,600   Skylark Holdings Co., Ltd.    45,877 
800   SMC Corp.    346,550 
2,400   Socionext Inc.    39,647 
405,400   SoftBank Corp.    548,035 
55,800   SoftBank Group Corp.    2,645,534 
3,200   Sojitz Corp.    108,318 
12,200   Sompo Holdings Inc.    453,747 
74,100   Sony Financial Group Inc.    65,163 
199,800   Sony Group Corp.    4,308,791 
1,100   Sotetsu Holdings Inc.    16,848 
4,500   Square Enix Holdings Co., Ltd.    72,254 
900   Stanley Electric Co., Ltd.    20,028 
7,700   Subaru Corp.    117,218 
1,100   Sugi Holdings Co., Ltd.    19,028 
4,600   SUMCO Corp.    115,095 
700   Sumitomo Bakelite Co., Ltd.    30,280 
200,800   Sumitomo Chemical Co., Ltd.    769,464 
14,300   Sumitomo Corp.    637,436 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
10,700   Sumitomo Electric Industries Ltd.   $843,270 
7,500   Sumitomo Forestry Co., Ltd.    61,483 
1,500   Sumitomo Heavy Industries Ltd.    49,197 
3,400   Sumitomo Metal Mining Co., Ltd.    193,704 
52,000   Sumitomo Mitsui Financial Group Inc.    1,899,648 
9,300   Sumitomo Mitsui Trust Group Inc.    319,223 
2,500   Sumitomo Pharma Co., Ltd.*    25,387 
8,900   Sumitomo Realty & Development Co., Ltd.    207,196 
2,200   Sumitomo Rubber Industries Ltd.    28,701 
1,400   Sundrug Co., Ltd.    31,888 
1,600   Suntory Beverage & Food Ltd.    43,494 
30,300   Suzuken Co., Ltd.    1,003,714 
24,800   Suzuki Motor Corp.    306,808 
7,300   Sysmex Corp.    63,831 
6,200   T&D Holdings Inc.    163,348 
1,800   Taiheiyo Cement Corp.    51,147 
13,000   Taikisha Ltd.    365,264 
15,100   Taisei Corp.    1,328,905 
800   Taiyo Holdings Co., Ltd.    24,913 
1,700   Taiyo Yuden Co., Ltd.    157,815 
2,900   Takara Holdings Inc.    40,559 
1,300   Takasago Thermal Engineering Co., Ltd.    38,546 
3,700   Takashimaya Co., Ltd.    46,202 
22,500   Takeda Pharmaceutical Co., Ltd.    720,776 
200   TBS Holdings Inc.    7,288 
27,000   TDK Corp.    695,312 
2,500   Teijin Ltd.    25,927 
185,700   Terumo Corp.    2,800,221 
1,500   THK Co., Ltd.    71,816 
2,500   TIS Inc.    53,237 
3,400   Tobu Railway Co., Ltd.    59,397 
4,100   Toda Corp.    40,076 
1,000   Toei Animation Co., Ltd.    14,857 
8,500   Toho Co., Ltd.    65,592 
3,600   Toho Gas Co., Ltd.    27,753 
145,000   Tohoku Electric Power Co., Inc.    915,195 
21,200   Tokai Rika Co., Ltd.    389,618 
25,700   Tokio Marine Holdings Inc.    1,135,069 
2,000   Tokyo Century Corp.    29,664 
20,500   Tokyo Electric Power Co. Holdings Inc.*    72,626 
6,300   Tokyo Electron Ltd.    2,122,464 
4,800   Tokyo Gas Co., Ltd.    192,003 
4,000   Tokyo Metro Co., Ltd.    36,712 
1,600   Tokyo Ohka Kogyo Co., Ltd.    110,351 
13,700   Tokyo Seimitsu Co., Ltd.    1,491,916 
2,700   Tokyo Tatemono Co., Ltd.    55,220 
6,500   Tokyu Corp.    65,180 
9,500   Tokyu Fudosan Holdings Corp.    78,527 
1,300   Tomy Co., Ltd.    25,751 
3,300   TOPPAN Holdings Inc.    94,546 
20,600   Toray Industries Inc.    154,042 
900   Toridoll Holdings Corp.    21,397 
3,706   Tosoh Corp.    64,001 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Japan - (continued)     
305,452   TOTO Ltd.   $14,703,788 
1,700   Toyo Seikan Group Holdings Ltd.    41,481 
55,800   Toyo Suisan Kaisha Ltd.    3,909,757 
1,500   Toyo Tire Corp.    35,563 
74,400   Toyoda Gosei Co., Ltd.    2,255,247 
80,600   Toyota Boshoku Corp.    1,157,175 
151,400   Toyota Motor Corp.    2,866,971 
9,700   Toyota Tsusho Corp.    422,172 
22,700   Transcosmos Inc.    554,244 
1,600   Trend Micro Inc.    61,954 
1,100   Tsumura & Co.    26,277 
2,812   Tsuruha Holdings Inc.    34,793 
1,700   UBE Corp.    31,519 
700   Ulvac Inc.    41,688 
316,200   Unicharm Corp.    1,882,643 
43   United Urban Investment Corp.    43,794 
4,900   USS Co., Ltd.    54,097 
22,000   Valor Holdings Co., Ltd.    472,860 
200   Visional Inc.*    9,861 
6,800   West Japan Railway Co.    112,205 
300   Workman Co., Ltd.    15,033 
3,900   Yakult Honsha Co., Ltd.    65,662 
294,300   Yamada Holdings Co., Ltd.    1,154,022 
2,000   Yamaguchi Financial Group Inc.    34,362 
4,500   Yamaha Corp.    32,524 
12,600   Yamaha Motor Co., Ltd.    103,722 
4,600   Yamato Holdings Co., Ltd.    52,499 
500   Yamato Kogyo Co., Ltd.    36,965 
2,200   Yamazaki Baking Co., Ltd.    43,343 
3,800   Yaskawa Electric Corp.    171,630 
3,500   Yokogawa Electric Corp.    110,351 
14,300   Yokohama Financial Group Inc.    145,901 
1,600   Yokohama Rubber Co., Ltd.    71,981 
2,000   Zenkoku Hosho Co., Ltd.    37,272 
1,200   Zensho Holdings Co., Ltd.    60,650 
49,800   Zeon Corp.    684,115 
4,200   ZOZO Inc.    26,118 
    Total Japan    287,685,211 
Luxembourg - 0.6%     
73,334   ArcelorMittal SA    5,100,503 
183,446   Aroundtown SA*    542,825 
155,262   CVC Capital Partners PLC(a)    2,487,452 
1,741   Eurofins Scientific SE    126,500 
25,984   Millicom International Cellular SA    2,217,994 
434   RTL Group SA    15,972 
80,274   Tenaris SA    2,443,339 
    Total Luxembourg    12,934,585 
Macau - 0.0%     
15,600   MGM China Holdings Ltd.    21,410 
34,800   Sands China Ltd.    68,124 
20,800   Wynn Macau Ltd.    14,969 
    Total Macau    104,503 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Malaysia - 0.1%
3,346,700   Sime Darby Bhd   $1,756,920 
Mexico - 0.8%     
2,698   Fresnillo PLC    119,236 
801,200   Grupo Financiero Banorte SAB de CV, Class O Shares    8,346,570 
623,305   Grupo Mexico SAB de CV, Class B Shares    7,703,351 
    Total Mexico    16,169,157 
Netherlands - 3.6%     
208,736   ABN AMRO Bank NV, GDR    8,300,905 
2,127   Adyen NV*(a)    2,331,822 
18,147   Aegon Ltd.    154,723 
23,009   Airbus SE    4,818,775 
124,687   Akzo Nobel NV    9,490,844 
881   Argenx SE*    736,200 
2,120   Argenx SE, ADR*    1,772,299 
2,532   ASM International NV    2,651,123 
13,215   ASML Holding NV    21,316,991 
2,152   ASR Nederland NV    161,366 
989   BE Semiconductor Industries NV    327,922 
1,698   CTP NV(a)    32,144 
30,903   Euronext NV(a)    5,031,500 
1,330   EXOR NV    103,808 
6,695   Ferrovial NV    458,118 
1,742   Heineken Holding NV    125,733 
3,999   Heineken NV    312,199 
901   IMCD NV    92,812 
41,602   ING Groep NV    1,287,931 
12,679   Koninklijke Ahold Delhaize NV    534,906 
15,430   Koninklijke BAM Groep NV    200,339 
54,539   Koninklijke KPN NV    284,106 
10,891   Koninklijke Philips NV    288,021 
6,584   Magnum Ice Cream Co. NV*    105,975 
3,714   NN Group NV    311,131 
89,142   Prosus NV*    4,053,945 
73,298   QIAGEN NV    2,705,545 
1,213   Randstad NV    37,245 
318,969   Signify NV(a)    7,745,576 
31,640   Stellantis NV*    252,087 
13,515   Universal Music Group NV    307,341 
18,394   Wolters Kluwer NV    1,309,196 
    Total Netherlands    77,642,628 
New Zealand - 0.0%     
11,489   a2 Milk Co., Ltd.    45,087 
25,323   Auckland International Airport Ltd.    125,395 
10,423   Contact Energy Ltd.    59,570 
8,160   Fisher & Paykel Healthcare Corp., Ltd.    182,322 
18,829   Fletcher Building Ltd.*    35,427 
12,630   Infratil Ltd.    119,310 
1,194   Mainfreight Ltd.    46,288 
10,479   Mercury NZ Ltd.    43,607 
18,981   Meridian Energy Ltd.    66,704 
12,378   Ryman Healthcare Ltd.*    16,736 
30,230   Spark New Zealand Ltd.    35,478 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
New Zealand - (continued)     
2,138   Xero Ltd.*   $116,122 
    Total New Zealand    892,046 
Norway - 1.3%     
343   Aker ASA, Class A Shares    46,317 
361,925   Aker BP ASA    12,958,558 
161,474   Aker Solutions ASA    744,157 
11,884   DNB Bank ASA    369,596 
244,583   Equinor ASA    8,818,617 
2,802   Gjensidige Forsikring ASA    77,401 
109,471   Hoegh Autoliners ASA    1,622,225 
5,838   Kongsberg Gruppen ASA    210,060 
6,467   Kongsberg Maritime AS*    40,796 
5,994   Mowi ASA    131,952 
380,798   MPC Container Ships ASA    996,863 
18,389   Norsk Hydro ASA    224,741 
229,800   Norwegian Air Shuttle ASA    412,539 
8,859   Orkla ASA    93,462 
984   Salmar ASA    61,155 
8,634   Telenor ASA    140,933 
10,647   Var Energi ASA    52,164 
2,174   Vend Marketplaces ASA, Class B Shares    57,883 
61,220   Wallenius Wilhelmsen ASA, Class B Shares    785,986 
2,466   Yara International ASA    134,103 
    Total Norway    27,979,508 
Peru - 0.1%     
5,926   Credicorp Ltd.    2,030,425 
Philippines - 0.1%     
584,786   BDO Unibank Inc.    1,084,513 
49,710   SM Investments Corp.    463,661 
    Total Philippines    1,548,174 
Poland - 0.1%     
11,883   Allegro.eu SA*(a)    113,208 
2,423   Bank Polska Kasa Opieki SA*    161,695 
7,380   Dino Polska SA*(a)    62,374 
574   Erste Bank Polska SA    97,156 
3,502   InPost SA*    62,741 
1,912   KGHM Polska Miedz SA*    180,494 
19   LPP SA    118,287 
198   mBank SA*    69,911 
8,070   ORLEN SA    315,222 
12,589   Powszechna Kasa Oszczednosci Bank Polski SA    357,498 
7,853   Powszechny Zaklad Ubezpieczen SA    139,435 
    Total Poland    1,678,021 
Portugal - 0.1%     
124,762   Banco Comercial Portugues SA, Class R Shares    140,854 
43,449   EDP SA    220,825 
63,194   Galp Energia SGPS SA    1,377,167 
4,073   Jeronimo Martins SGPS SA    86,271 
137,199   NOS SGPS SA    841,180 
    Total Portugal    2,666,297 
Russia - 0.0%     
4,413   Novatek PJSC, Class Registered Shares, GDR*@(b)(e)    88 
1,187   Novatek PJSC, GDR*@(b)(e)    24 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Russia - (continued)     
978,392   Sberbank of Russia PJSC*@(b)(e)   $797 
    Total Russia    909 
Saudi Arabia - 0.2%     
36,721   Rasan Information Technology Co.*    1,477,788 
236,960   Saudi National Bank    2,498,068 
    Total Saudi Arabia    3,975,856 
Singapore - 0.5%     
4,400   ASMPT Ltd.    109,398 
1,900   BOC Aviation Ltd.(a)    18,608 
59,270   BW LPG Ltd.    1,164,356 
55,512   CapitaLand Ascendas REIT    108,793 
32,300   CapitaLand Ascott Trust    22,641 
86,590   CapitaLand Integrated Commercial Trust    153,897 
34,200   CapitaLand Investment Ltd.    68,108 
6,000   City Developments Ltd.    40,363 
20,200   ComfortDelGro Corp., Ltd.    20,406 
28,610   DBS Group Holdings Ltd.    1,409,095 
41,400   Frasers Logistics & Commercial Trust    32,450 
93,700   Genting Singapore Ltd.    44,034 
94,618   Hafnia Ltd.    728,852 
1,100   Jardine Cycle & Carriage Ltd.    25,501 
19,042   JOYY Inc., ADR    1,284,002 
276   Kenon Holdings Ltd.    24,996 
23,789   Keppel DC REIT    43,074 
21,100   Keppel Ltd.    177,648 
61,876   Keppel REIT    41,951 
23,500   Mapletree Industrial Trust    35,707 
51,500   Mapletree Logistics Trust    48,442 
40,200   Mapletree Pan Asia Commercial Trust    40,334 
48,500   NETLINK NBN TRUST    37,817 
3,500   Olam Group Ltd.    3,430 
46,000   Oversea-Chinese Banking Corp., Ltd.    843,872 
14,400   SATS Ltd.    43,470 
26,449   Sea Ltd., ADR*    2,394,428 
23,665   Seatrium Ltd.    39,333 
11,800   Sembcorp Industries Ltd.    59,045 
23,000   Singapore Airlines Ltd.    122,084 
11,800   Singapore Exchange Ltd.    202,101 
21,700   Singapore Technologies Engineering Ltd.    193,670 
100,400   Singapore Telecommunications Ltd.    340,670 
37,700   Suntec Real Estate Investment Trust    43,439 
17,167   United Overseas Bank Ltd.    506,116 
6,200   UOL Group Ltd.    49,326 
4,500   Venture Corp., Ltd.    63,471 
27,300   Wilmar International Ltd.    76,843 
1,497,000   Yangzijiang Financial Holding Ltd.*    281,243 
42,300   Yangzijiang Maritime Development Ltd.    20,566 
    Total Singapore    10,963,580 
South Africa - 0.3%     
100,343   Absa Group Ltd.    1,464,248 
274,955   FirstRand Ltd.    1,562,416 
213,524   Investec PLC    1,876,327 
780,874   Life Healthcare Group Holdings Ltd.    515,074 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
South Africa - (continued)     
13,306   Naspers Ltd., Class N Shares   $693,469 
338,173   Telkom SA SOC Ltd.    1,294,948 
    Total South Africa    7,406,482 
South Korea - 6.4%     
667   ABLBio Inc.*    49,436 
582   Alteogen Inc.    142,282 
466   Amorepacific Corp.    35,541 
312   APR Corp.    81,745 
5,477   BGF retail Co., Ltd.    450,909 
2,556   BNK Financial Group Inc.    28,495 
2,071   Celltrion Inc.*    265,028 
473   Celltrion Pharm Inc.    14,946 
1,556   Cheil Worldwide Inc.    19,035 
192   CJ CheilJedang Corp.    25,705 
184   CJ Corp.    19,713 
14,224   CJ Logistics Corp.    807,064 
607   Coway Co., Ltd.    36,196 
12,325   D’Alba Global Co., Ltd.    1,610,506 
736   DB Insurance Co., Ltd.    69,799 
21,317   DL E&C Co., Ltd.    1,082,129 
928   Doosan Bobcat Inc.    39,838 
99   Doosan Co., Ltd.    129,225 
38,489   Doosan Enerbility Co., Ltd.*    2,697,769 
689   Ecopro BM Co., Ltd.    99,262 
1,390   Ecopro Co., Ltd.*    128,313 
211   Ecopro Materials Co., Ltd.    8,715 
380   E-MART Inc.    21,670 
246   F&F Co., Ltd.    11,879 
611   GS Engineering & Construction Corp.    12,330 
42,762   GS Holdings Corp.    2,054,524 
1,045   GS Retail Co., Ltd.    17,681 
3,916   Hana Financial Group Inc.    298,946 
262   Hanjin Kal Corp.    19,142 
901   Hankook Tire & Technology Co., Ltd.    39,919 
59   Hanmi Pharm Co., Ltd.    19,183 
157   Hanmi Science Co., Ltd.*    3,302 
556   Hanmi Semiconductor Co., Ltd.    103,752 
4,079   Hanon Systems*    15,190 
481   Hanwha Aerospace Co., Ltd.    374,134 
26,642   Hanwha Corp.    2,363,196 
303   Hanwha Corp. (Non-Voting)    9,570 
1,744   Hanwha Life Insurance Co., Ltd.*    5,632 
1,761   Hanwha Ocean Co., Ltd.*    144,070 
1,609   Hanwha Solutions Corp.*    44,619 
14,476   Hanwha Systems Co., Ltd.    1,007,219 
417   Hanwha Vision Co., Ltd.*    18,676 
593   HD Hyundai Co., Ltd.    109,053 
326   HD Hyundai Electric Co., Ltd.    227,307 
1,791   HD Hyundai Heavy Industries Co., Ltd.    827,027 
213   HD Hyundai Marine Solution Co., Ltd.    31,666 
3,999   HD Korea Shipbuilding & Offshore Engineering Co., Ltd.    1,122,382 
661   HL Mando Co., Ltd.    27,241 
1,750   HLB Inc.*    58,906 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
South Korea - (continued)     
3,191   HMM Co., Ltd.   $41,383 
520   Hotel Shilla Co., Ltd.*    19,004 
65,630   HPSP Co., Ltd.    2,112,408 
325   HYBE Co., Ltd.    47,358 
71   Hyosung Heavy Industries Corp.    173,224 
112   Hyundai Autoever Corp.    69,251 
1,084   Hyundai Engineering & Construction Co., Ltd.    105,790 
14,831   Hyundai Glovis Co., Ltd.    2,386,562 
966   Hyundai Marine & Fire Insurance Co., Ltd.*    22,114 
813   Hyundai Mobis Co., Ltd.    414,303 
1,932   Hyundai Motor Co.    927,343 
767   Hyundai Motor Co. (Non-Voting)    138,439 
992   Hyundai Rotem Co., Ltd.    131,872 
1,000   Hyundai Steel Co.    26,635 
24,450   iM Financial Group Co., Ltd.    280,853 
3,442   Industrial Bank of Korea    46,073 
24,052   ISC Co., Ltd.    3,233,893 
895   IsuPetasys Co., Ltd.    76,545 
4,183   Kakao Corp.    116,427 
3,172   KakaoBank Corp.    47,135 
554   Kakaopay Corp.*    17,118 
5,063   KB Financial Group Inc.    506,050 
54   KCC Corp.    19,708 
190   KEPCO Plant Service & Engineering Co., Ltd.    6,428 
3,296   Kia Corp.    370,034 
15,167   Korea Aerospace Industries Ltd.    1,693,301 
3,960   Korea Electric Power Corp.    102,222 
280   Korea Gas Corp.    6,589 
631   Korea Investment Holdings Co., Ltd.    99,189 
62   Korea Zinc Co., Ltd.    56,376 
2,382   Korean Air Lines Co., Ltd.    42,263 
27,114   Korean Reinsurance Co.    231,112 
365   Krafton Inc.*    62,336 
1,426   KT&G Corp.    174,643 
176   Kumho Petrochemical Co., Ltd.    15,447 
117,312   Kumho Tire Co., Inc.*    365,179 
348   L&F Co., Ltd.*    38,875 
732   LG Chem Ltd.    178,282 
574   LG CNS Co., Ltd.    43,337 
1,152   LG Corp.    111,923 
3,336   LG Display Co., Ltd.*    35,502 
1,566   LG Electronics Inc.    304,453 
607   LG Energy Solution Ltd.*    184,212 
212   LG H&H Co., Ltd.    34,800 
4,550   LG Innotek Co., Ltd.    4,393,286 
3,143   LG Uplus Corp.    33,607 
193   LIG Defense & Aerospace Co., Ltd.    102,400 
460   Lotte Chemical Corp.    24,600 
78   Lotte Shopping Co., Ltd.    7,630 
244   LS Corp.    72,075 
1,097   LS Electric Co., Ltd.    175,436 
50,541   LX INTERNATIONAL Corp.    1,406,064 
880   Meritz Financial Group Inc.*    60,059 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
South Korea - (continued)     
3,015   Mirae Asset Securities Co., Ltd.   $122,557 
1,258   Mirae Asset Securities Co., Ltd. (Non-Voting)    12,985 
267   Misto Holdings Corp.    6,627 
2,133   NAVER Corp.    331,149 
153   NC Corp.    29,342 
451   Netmarble Corp.(a)    12,700 
1,715   NH Investment & Securities Co., Ltd.    34,307 
66   NongShim Co., Ltd.    16,833 
276   Orion Corp.    23,706 
5,618   Pan Ocean Co., Ltd.    20,471 
3,114   Park Systems Corp.    568,079 
607   Pearl Abyss Corp.*    17,575 
1,105   Posco DX Co., Ltd.    23,798 
481   POSCO Future M Co., Ltd.    78,354 
1,060   POSCO Holdings Inc.    297,946 
744   Posco International Corp.    31,479 
135   Rainbow Robotics*    62,917 
478   S-1 Corp.    21,669 
1,035   Samsung Biologics Co., Ltd.*(a)    935,829 
1,170   Samsung C&T Corp.    335,110 
188   Samsung Card Co., Ltd.    5,750 
49,407   Samsung E&A Co., Ltd.    1,734,139 
785   Samsung Electro-Mechanics Co., Ltd.    1,114,543 
214,723   Samsung Electronics Co., Ltd.    45,197,748 
11,463   Samsung Electronics Co., Ltd. (Non-Voting)    1,534,516 
106   Samsung Episholdings Co., Ltd.*    33,980 
5,939   Samsung Fire & Marine Insurance Co., Ltd.    2,239,324 
9,165   Samsung Heavy Industries Co., Ltd.*    169,997 
1,123   Samsung Life Insurance Co., Ltd.    288,940 
877   Samsung SDI Co., Ltd.*    399,694 
508   Samsung SDS Co., Ltd.    100,641 
8,506   Samsung Securities Co., Ltd.    676,140 
60   Samyang Foods Co., Ltd.    47,954 
6,248   Shinhan Financial Group Co., Ltd.    387,552 
481   SK Biopharmaceuticals Co., Ltd.*    28,621 
416   SK Bioscience Co., Ltd.*    11,283 
24,095   SK hynix Inc.    37,557,693 
390   SK IE Technology Co., Ltd.*(a)    4,989 
514   SK Inc.    230,003 
1,065   SK Innovation Co., Ltd.*    83,972 
3,185   SK Square Co., Ltd.*    2,598,624 
298   SKC Co., Ltd.*    27,545 
561   S-Oil Corp.    39,877 
9,514   Woori Financial Group Inc.    187,253 
8,210   Youngone Corp.    432,628 
644   Yuhan Corp.    36,275 
    Total South Korea    136,374,129 
Spain - 1.3%     
324   Acciona SA    92,788 
2,538   ACS Actividades de Construccion y Servicios SA    365,894 
9,560   Aena SME SA(a)    276,794 
56,479   Amadeus IT Group SA    3,607,083 
80,801   Banco Bilbao Vizcaya Argentaria SA    1,891,057 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Spain - (continued)     
72,385   Banco de Sabadell SA   $243,689 
208,673   Banco Santander SA    2,614,977 
8,904   Bankinter SA    149,573 
431,303   CaixaBank SA    5,808,521 
8,044   Cellnex Telecom SA(a)    269,690 
23   Corp. ACCIONA Energias Renovables SA    618 
3,914   EDP Renewables SA(c)    64,687 
45   EDP Renewables SA*(b)(e)    744 
386,626   Enagas SA    7,673,975 
4,749   Endesa SA    198,182 
4,553   Grifols SA    49,112 
4,065   Grifols SA, Class B Shares    32,608 
93,578   Iberdrola SA    2,124,090 
1,376   Indra Sistemas SA    91,260 
15,736   Industria de Diseno Textil SA    977,538 
13,582   Mapfre SA    63,515 
6,070   Merlin Properties Socimi SA    106,683 
6,881   Naturgy Energy Group SA    229,073 
5,408   Redeia Corp. SA(c)    92,896 
15,223   Repsol SA    392,633 
58,326   Telefonica SA    267,824 
    Total Spain    27,685,504 
Sweden - 2.2%     
2,344   AAK AB    63,003 
3,335   AddTech AB, Class B Shares    118,913 
3,889   Alfa Laval AB    218,670 
25,501   Ambea AB    414,624 
185,528   Assa Abloy AB, Class B Shares    6,662,710 
37,133   Atlas Copco AB, Class A Shares    707,731 
20,154   Atlas Copco AB, Class B Shares    342,463 
1,634   Axfood AB    46,662 
6,978   Beijer Ref AB, Class B Shares(c)    97,222 
178,210   Boliden AB    11,102,283 
4,563   Castellum AB    61,839 
848,858   Elekta AB, Class B Shares    4,935,289 
7,830   Epiroc AB, Class A Shares    231,108 
6,384   Epiroc AB, Class B Shares    163,356 
7,649   EQT AB(c)    263,821 
71,480   Essity AB, Class B Shares    2,006,519 
1,907   Evolution AB*(a)    143,084 
9,511   Fastighets AB Balder, Class B Shares*    54,475 
258,763   Getinge AB, Class B Shares    5,318,771 
6,723   H & M Hennes & Mauritz AB, Class B Shares    119,226 
29,933   Hexagon AB, Class B Shares    276,780 
731   Holmen AB, Class B Shares    24,318 
1,650   Industrivarden AB, Class A Shares    93,773 
2,211   Industrivarden AB, Class C Shares    121,156 
4,024   Indutrade AB    84,292 
1,507   Investment AB Latour, Class B Shares    32,553 
6,240   Investor AB, Class A Shares    253,511 
25,835   Investor AB, Class B Shares    1,064,822 
984   L E Lundbergforetagen AB, Class B Shares    58,057 
2,872   Lifco AB, Class B Shares    92,459 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Sweden - (continued)     
3,492   Loomis AB, Class B Shares   $172,488 
20,209   Nibe Industrier AB, Class B Shares    79,261 
5,093   Saab AB, Class B Shares    315,355 
3,642   Sagax AB, Class B Shares    65,692 
38,682   Sandvik AB    1,577,392 
6,419   Securitas AB, Class B Shares    106,918 
21,281   Skandinaviska Enskilda Banken AB, Class A Shares    424,970 
32   Skandinaviska Enskilda Banken AB, Class C Shares    657 
4,995   Skanska AB, Class B Shares    135,819 
4,956   SKF AB, Class B Shares    130,306 
5,586   Spotify Technology SA*    2,780,041 
4,601   SSAB AB, Class A Shares    47,449 
7,398   SSAB AB, Class B Shares    76,209 
180,123   Svenska Cellulosa AB SCA, Class B Shares    1,981,358 
21,914   Svenska Handelsbanken AB, Class A Shares    323,170 
3,604   Sweco AB, Class B Shares    52,699 
11,540   Swedbank AB, Class A Shares    425,855 
2,616   Swedish Orphan Biovitrum AB*    125,297 
7,477   Tele2 AB, Class B Shares    140,357 
38,961   Telefonaktiebolaget LM Ericsson, Class B Shares    506,693 
33,172   Telia Co. AB    177,758 
2,653   Trelleborg AB, Class B Shares    115,852 
2,667   Volvo AB, Class A Shares    93,589 
22,289   Volvo AB, Class B Shares    785,293 
5,377   Volvo Car AB, Class B Shares*(c)    13,986 
    Total Sweden    45,827,954 
Switzerland - 4.3%     
22,209   ABB Ltd., Class Registered Shares    2,365,557 
37,673   Alcon AG    2,513,864 
183,511   Amcor PLC    7,123,897 
6,983   Amrize Ltd.    376,740 
1,453   Avolta AG*    92,070 
391   Bachem Holding AG, Class B Shares    38,349 
450   Banque Cantonale Vaudoise, Class Registered Shares    67,756 
51   Barry Callebaut AG, Class Registered Shares    78,353 
136   Belimo Holding AG, Class Registered Shares    143,802 
295   BKW AG    55,941 
80   Chocoladefabriken Lindt & Spruengli AG    953,796 
2   Chocoladefabriken Lindt & Spruengli AG, Class Registered Shares    244,717 
2,925   Coca-Cola HBC AG*    167,213 
30,028   Compania Financiere Richemont SA, Class Registered Shares    6,471,467 
2,574   DSM-Firmenich AG    216,598 
106   EMS-Chemie Holding AG, Class Registered Shares    96,877 
280   Flughafen Zurich AG, Class Registered Shares    84,748 
2,612   Galderma Group AG*    555,633 
475   Geberit AG, Class Registered Shares    312,306 
1,268   Georg Fischer AG, Class Registered Shares    70,498 
107   Givaudan SA, Class Registered Shares    399,057 
893,484   Glencore PLC*    6,802,450 
1,074   Helvetia Baloise Holding AG    279,272 
6,920   Holcim AG*    685,777 
166,875   Julius Baer Group Ltd.    13,687,854 
682   Kuehne + Nagel International AG, Class Registered Shares    157,596 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Switzerland - (continued)     
2,161   Logitech International SA, Class Registered Shares   $262,757 
973   Lonza Group AG, Class Registered Shares    621,559 
36,702   Nestle SA, Class Registered Shares    3,724,296 
18,875   Novartis AG, ADR    2,834,459 
8,505   Novartis AG, Class Registered Shares    1,278,395 
315   Partners Group Holding AG    332,686 
673   PSP Swiss Property AG, Class Registered Shares    128,195 
413   Roche Holding AG    178,044 
22,480   Roche Holding AG (Non-Voting)    9,464,265 
63,463   Sandoz Group AG    5,331,422 
4,924   Schindler Holding AG    1,661,203 
292   Schindler Holding AG, Class Registered Shares    95,714 
2,280   SGS SA, Class Registered Shares    258,777 
4,817   SIG Group AG*    74,519 
13,542   Sika AG, Class Registered Shares    2,657,819 
9,722   Sonova Holding AG, Class Registered Shares    2,571,189 
9,162   STMicroelectronics NV    634,242 
1,547   Straumann Holding AG, Class Registered Shares    186,854 
447   Swatch Group AG    123,579 
150   Swatch Group AG, Class Registered Shares    8,157 
405   Swiss Life Holding AG, Class Registered Shares    440,155 
1,177   Swiss Prime Site AG, Class Registered Shares    197,384 
4,188   Swiss Re AG    627,637 
355   Swisscom AG, Class Registered Shares    303,728 
1,400   Swissquote Group Holding SA, Class Registered Shares    71,031 
819   Temenos AG, Class Registered Shares    70,859 
223,929   UBS Group AG, Class Registered Shares    10,619,718 
375   VAT Group AG(a)    293,218 
168   VZ Holding AG    31,987 
2,130   Zurich Insurance Group AG    1,513,245 
    Total Switzerland    90,639,281 
Taiwan - 5.0%     
15,000   Accton Technology Corp.    1,162,590 
123,000   Arcadyan Technology Corp.    730,440 
4,834   ASPEED Technology Inc.    2,906,849 
41,310   Chroma ATE Inc.    3,321,347 
84,182   Delta Electronics Inc.    6,458,489 
198,861   E Ink Holdings Inc.    1,394,929 
21,827   eMemory Technology Inc.    2,338,656 
611,000   Everlight Electronics Co., Ltd.    1,211,553 
18,000   FIT Hon Teng Ltd.*(a)    20,480 
96,000   Fitipower Integrated Technology Inc.    525,067 
260,000   Hon Hai Precision Industry Co., Ltd.    2,397,900 
110,000   ITE Technology Inc.    536,651 
87,000   Primax Electronics Ltd.    204,048 
209,000   Simplo Technology Co., Ltd.    2,620,982 
246,000   Synnex Technology International Corp.    670,231 
197,000   T3EX Global Holdings Corp.    423,618 
918,306   Taiwan Semiconductor Manufacturing Co., Ltd.    68,941,673 
1,416   Taiwan Semiconductor Manufacturing Co., Ltd., ADR    592,525 
347,000   Tung Ho Steel Enterprise Corp.    745,791 
228,000   Wah Lee Industrial Corp.    1,002,886 
441,000   Winbond Electronics Corp.    2,192,729 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
Taiwan - (continued)     
211,000   WNC Corp.   $2,122,049 
904,000   WPG Holdings Ltd.    3,362,882 
136,000   WT Microelectronics Co., Ltd.    1,255,195 
    Total Taiwan    107,139,560 
Thailand - 0.2%     
1,469,000   Regional Container Lines PCL(b)    1,422,050 
76,800   Thai Beverage PCL    27,063 
1,852,200   Thai Oil PCL(b)    2,632,583 
2,479,100   True Corp. PCL, NVDR    1,049,220 
    Total Thailand    5,130,916 
Turkey - 0.0%     
244,525   Torunlar Gayrimenkul Yatirim Ortakligi AS    476,682 
United Arab Emirates - 0.0%     
1,138,144   Dubai Residential REIT    382,391 
United Kingdom - 8.7%     
40,395   3i Group PLC    1,237,608 
3,730   Admiral Group PLC    165,252 
12,052   Airtel Africa PLC(a)    57,207 
49,130   Anglo American PLC    2,619,317 
3,849   Associated British Foods PLC    94,447 
48,531   AstraZeneca PLC    9,017,493 
10,592   Auto Trader Group PLC(a)    62,980 
42,691   Aviva PLC    352,408 
42,695   BAE Systems PLC    1,163,033 
1,784,027   Barclays PLC    10,921,778 
16,780   Barratt Redrow PLC    59,372 
8,685   Beazley PLC    149,735 
1,417   Berkeley Group Holdings PLC*    65,709 
223,458   BP PLC    1,561,002 
281,026   Bridgepoint Group PLC    1,021,850 
29,992   British American Tobacco PLC    1,850,976 
14,378   British Land Co. PLC    78,402 
79,200   BT Group PLC, Class A Shares    222,717 
4,274   Bunzl PLC    135,229 
5,012   Burberry Group PLC*    79,517 
3,142,400   Centrica PLC    7,935,955 
127,076   Ceres Power Holdings PLC*    1,445,183 
504,063   Chemring Group PLC    3,726,877 
645,181   CNH Industrial NV    6,587,298 
3,044   Coca-Cola Europacific Partners PLC    277,069 
24,177   Compass Group PLC    777,748 
19,216   Computacenter PLC    1,150,800 
29,757   Convatec Group PLC(a)    81,030 
18,004   Croda International PLC    737,311 
538,153   Currys PLC    1,089,617 
154,597   Diageo PLC    3,190,258 
1,812   Diploma PLC    170,574 
110,527   Drax Group PLC    1,174,762 
2,796   Endeavour Mining PLC    172,186 
9,845   Entain PLC    70,727 
214,231   Firstgroup PLC    493,953 
56,939   GSK PLC    1,441,981 
1,320,355   Haleon PLC    5,973,227 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
United Kingdom - (continued)     
5,488   Halma PLC   $345,946 
6,981   Howden Joinery Group PLC    72,169 
244,804   HSBC Holdings PLC    4,580,723 
3,689   ICG PLC    92,692 
112,307   IMI PLC    4,205,320 
10,539   Imperial Brands PLC    383,812 
17,789   Informa PLC    194,221 
2,065   InterContinental Hotels Group PLC    318,027 
30,021   International Consolidated Airlines Group SA    173,688 
2,252   Intertek Group PLC    161,343 
23,182   J Sainsbury PLC    92,243 
38,702   JD Sports Fashion PLC    43,891 
113,096   JET2 PLC    1,808,520 
53,420   Keller Group PLC    1,703,603 
24,520   Kingfisher PLC    94,341 
10,626   Land Securities Group PLC    89,956 
2,568,950   Legal & General Group PLC    9,341,302 
2,857,819   Lloyds Banking Group PLC    3,883,966 
105,020   London Stock Exchange Group PLC    12,731,413 
2,440,240   LondonMetric Property PLC    6,231,788 
1,845,796   M&G PLC    7,850,606 
28,397   Marks & Spencer Group PLC    136,107 
17,482   Melrose Industries PLC    110,701 
6,459   Mondi PLC    65,572 
70,447   National Grid PLC(c)    1,140,152 
869,441   NatWest Group PLC    6,948,418 
1,696   Next PLC    301,844 
309,651   Patisserie Holdings PLC*(b)(e)    4,170 
9,047   Pearson PLC    134,970 
3,980   Persimmon PLC    59,627 
807,006   QinetiQ Group PLC    5,472,195 
36,248   Reckitt Benckiser Group PLC    2,232,508 
117,133   RELX PLC    3,844,352 
37,150   Rentokil Initial PLC    223,930 
11,905   Rightmove PLC    67,272 
14,742   Rio Tinto PLC    1,580,903 
228,709   Rolls-Royce Holdings PLC    4,114,661 
14,044   Sage Group PLC    159,279 
11,161   Schroders PLC    87,784 
18,805   Segro PLC    182,846 
3,608   Severn Trent PLC    143,560 
81,124   Shell PLC    3,413,424 
193,965   Smith & Nephew PLC    2,886,494 
4,708   Smiths Group PLC    156,135 
14,977   Spirax Group PLC    1,404,795 
17,137   SSE PLC    537,982 
422,371   St James’s Place PLC    6,877,418 
352,232   Standard Chartered PLC    9,449,793 
11,102   Standard Life PLC    115,956 
55,156   Taylor Wimpey PLC    59,225 
88,164   Tesco PLC    509,260 
85,595   Unilever PLC    4,843,340 
10,932   United Utilities Group PLC    197,925 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
United Kingdom - (continued)     
4,381   Verisure PLC*   $58,375 
259,183   Vodafone Group PLC    388,766 
3,529   Weir Group PLC    116,170 
2,119   Whitbread PLC    66,972 
13,609   Willis Towers Watson PLC    3,397,759 
9,921   Wise Group PLC, Class A Shares*    124,529 
12,330   YuLife Holdings Ltd., Private Placement, Class C Shares*@(b)(e)    104,120 
2,767   Zegona Communications PLC    68,840 
195,256   Zigup PLC    1,232,917 
    Total United Kingdom    184,833,204 
United States - 1.2%     
26,823   Agilent Technologies Inc.    3,635,321 
4,446   BeOne Medicines Ltd., ADR*    1,280,092 
1,716   Broadcom Inc.    766,657 
5,457   Brookfield Asset Management Ltd., Class A Shares    263,906 
572   Canva Inc., Private Placement*@(b)(e)    855,952 
122,760   Codere Online Luxembourg SA Private Shares*(b)    1,151,489 
9,601   Coupang Inc., Class A Shares*    159,377 
13,870   GQG Partners Inc., CDI    14,395 
1,092   Light & Wonder Inc., CDI*    91,742 
1,215   Mastercard Inc., Class A Shares    600,186 
27,000   Nexteer Automotive Group Ltd.    16,896 
9,085   Philip Morris International Inc.    1,611,497 
2,700   RB Global Inc.    287,213 
4,821   Restaurant Brands International Inc.    360,666 
20,700   Samsonite Group SA(a)    38,370 
202,501   Sensata Technologies Holding PLC    10,001,524 
5,868   Sunbelt Rentals Holdings Inc.    461,080 
7,813   Waters Corp.*    2,996,833 
    Total United States    24,593,196 
Uruguay - 0.2%     
1,937   MercadoLibre Inc.*    3,284,474 
Vietnam - 0.1%     
722,260   Asia Commercial Bank JSC*    684,056 
677,120   Hoa Phat Group JSC    616,870 
529,200   Military Commercial Joint Stock Bank    502,161 
    Total Vietnam    1,803,087 
    TOTAL COMMON STOCKS     
    (Cost - $1,177,888,781)    1,814,620,892 
EXCHANGE TRADED FUNDS (ETFs) - 9.3%     
United States - 9.3%     
460,488   Avantis Emerging Markets Equity    44,639,707 
663,765   iShares Core MSCI Emerging Markets    55,404,465 
422,279   iShares Global Tech    60,719,497 
489,797   iShares MSCI EAFE Value    38,517,636 
    Total United States    199,281,305 
    TOTAL EXCHANGE TRADED FUNDS (ETFs)     
    (Cost - $167,728,210)    199,281,305 
PREFERRED STOCKS - 0.4%     
Germany - 0.4%     
142,277   Dr Ing hc F Porsche AG*    7,783,857 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units Security  Value
PREFERRED STOCKS - (continued)
United States - 0.0%     
31   Canva Inc., Series A, Private Placement*@(b)(e)   $46,389 
1   Canva Inc., Series A-3, Private Placement*@(b)(e)    1,496 
    Total United States    47,885 
    TOTAL PREFERRED STOCKS     
    (Cost - $7,282,594)    7,831,742 
WARRANTS - 0.0%     
Canada - 0.0%       
2,323   Constellation Software Inc.*(b)(e)    – 
United States - 0.0%       
915   Codere Online Luxembourg SA*    613 
    TOTAL WARRANTS     
    (Cost - $0)    613 
    TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS     
    (Cost - $1,352,899,585)    2,021,734,552 
Face Amount†       
SHORT-TERM INVESTMENTS - 1.9%     
TIME DEPOSITS - 1.5%     
1,468,923HKD ANZ National Bank – Hong Kong, 0.810% due 6/1/26    187,437 
436,365CHF BNP Paribas SA – Paris, (0.460)% due 6/1/26    559,120 
    Brown Brothers Harriman – Grand Cayman:     
3DKK 0.630% due 6/1/26    1 
1EUR 0.860% due 6/1/26    1 
288,608CAD 1.120% due 6/1/26    209,318 
300,356AUD 2.930% due 6/1/26    215,866 
3,029,176NOK 2.970% due 6/1/26    327,657 
23,893NZD 0.760% due 6/2/26    14,309 
    Citibank – London:     
4,773,206EUR 0.860% due 6/1/26    5,567,468 
989,673GBP 2.670% due 6/1/26    1,332,892 
19,145,415   Citibank - New York, 2.970% due 6/1/26    19,145,415 
126,318SGD Hong Kong & Shanghai Bank – Singapore, 0.300% due 6/2/26    98,980 
549,666   JPMorgan Chase & Co. - New York, 2.970% due 6/1/26    549,666 
    Skandinaviska Enskilda Banken AB - Stockholm:     
4,122,347SEK 0.590% due 6/1/26    446,530 
566,374DKK 0.630% due 6/1/26    88,392 
30,466ZAR Standard Chartered PLC - Johannesburg, 4.020% due 6/1/26    1,878 
    Sumitomo Mitsui Banking Corp. – Tokyo:     
60,619,900JPY 0.190% due 6/1/26    380,623 
2,986,546   2.970% due 6/1/26    2,986,546 
    TOTAL TIME DEPOSITS     
    (Cost - $32,112,099)    32,112,099 
U.S. GOVERNMENT AGENCY - 0.4%     
7,534,000   Freddie Mac Discount Notes, 3.451% due 6/1/26(f)     
    (Cost - $7,534,000)    7,534,000 
    TOTAL SHORT-TERM INVESTMENTS     
    (Cost - $39,646,099)    39,646,099 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (continued)
Shares/Units    Security  Value
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 1.6%
MONEY MARKET FUND - 1.6%
34,431,995    Federated Government Obligations Fund, Premier Class, 3.548%(g)     
     (Cost - $34,431,995)   $34,431,995 
     TOTAL INVESTMENTS - 98.4%     
     (Cost - $1,426,977,679)    2,095,812,646 
     Other Assets in Excess of Liabilities - 1.6%    33,732,010 
     TOTAL NET ASSETS - 100.0%   $2,129,544,656 

 

 
† Face amount denominated in U.S. dollars, unless otherwise noted.
* Non-income producing security.
(a) Restricted security that may be sold to “qualified institutional buyers” pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $30,405,299 and represents 1.43% of net assets.
(b) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $6,286,924 and represents 0.30% of net assets.
(c) All or a portion of this security is on loan.
(d) Security trades on the Hong Kong exchange.
(e) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(f) Rate shown represents yield-to-maturity.
(g) Represents investment of collateral received from securities lending transactions.
@ Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.

 

Security 

First

Acquisition

Date

 

First

Acquisition

Cost

 

Market

Value

 

Percent of

Net Assets

Canva Inc., Private Placement  8/16/2021  $397,070   $855,952    0.04%
Canva Inc., Series A, Private Placement  11/4/2021   52,848    46,389    0.00%*
Canva Inc., Series A-3, Private Placement  11/4/2021   1,705    1,496    0.00%*
Novatek PJSC, Class Registered Shares, GDR  3/19/2020   251,081    88    0.00%*
Novatek PJSC, GDR  4/25/2022   52,881    24    0.00%*
Sberbank of Russia PJSC  4/6/2017   557,253    797    0.00%*
Tongcheng Travel Holdings Ltd.  3/28/2025   118,294    833,665    0.04%
YuLife Holdings Ltd., Private Placement, Class C Shares  10/11/2022   243,652    104,120    0.01%
           $1,842,531    0.09%

 

* Position represents less than 0.005%

 

Abbreviations used in this schedule:
ADR — American Depositary Receipts
CDI — Clearing House Electronics Systems (CHESS) Depositary Interest
GDR — Global Depositary Receipts
NVDR — Non Voting Depository Receipts
PCL — Public Company Limited
PLC — Public Limited Company
REIT — Real Estate Investment Trust
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations International Equity Fund (concluded)

 

Summary of Investments by Security Sector^
Financial 19.2 %
Industrial 18.9  
Technology 12.6  
Consumer Non-cyclical 10.7  
Basic Materials 7.0  
Consumer Cyclical 6.7  
Energy 4.4  
Communications 4.2  
Utilities 3.2  
Diversified 0.0 *
Exchange Traded Funds (ETFs) 9.5  
Short-Term Investments 1.9  
Money Market Fund 1.7  
 

100.0

 %

 

 

^   As a percentage of total investments.

*   Position represents less than 0.05%

 

At May 31, 2026, Destinations International Equity Fund had open exchange traded futures contracts as described below.

 

The unrealized appreciation on the open contracts was as follows:

 

Open Futures Contracts 

Number of

Contracts

 

Expiration

 Date (Month/Year)

 

Notional

Amounts

 

Market Value

 

Unrealized

Appreciation

Contracts to Buy:                         
MSCI EAFE Index June Futures    32    6/26  $4,679,799   $4,978,080   $298,281 

 

At May 31, 2026, Destinations International Equity Fund had a payable to broker or brokers of $97,233 as margin collateral on open exchange traded futures contracts.

 

Schedule of Options Contracts Written

Equity Options

 

Number of Contracts  Notional Amount  Security Name  Counterparty 

Expiration

Date

 

Exercise

Rate

  Value
4  $417,600   ASM International NV, Call    GSC   7/17/26  $920.00   $(24,746)
        TOTAL OPTION CONTRACTS WRITTEN                  
        (Premiums received — $18,013)                $(24,746)

 

Currency Abbreviations used in this schedule:

AUD — Australian Dollar
CAD — Canadian Dollar
CHF — Swiss Franc
DKK — Danish Krone
EUR — Euro
GBP — British Pound
HKD — Hong Kong Dollar
JPY — Japanese Yen
NOK — Norwegian Krone
NZD — New Zealand Dollar
SEK — Swedish Krona
SGD — Singapore Dollar
ZAR — South African Rand

 

Counterparty Abbreviations used in this schedule:

GSC — Goldman Sachs & Co.
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund
Face Amount/Units  Security  Value
U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 30.4%
U.S. GOVERNMENT AGENCIES - 0.5%  
     Federal Home Loan Banks:     
$2,700,000   1.700% due 9/4/35   $2,084,741 
 2,285,000   1.930% due 2/11/36    1,773,246 
 4,302,000   Federal National Mortgage Association, 1.625% due 8/24/35    3,323,690 
     TOTAL U.S. GOVERNMENT AGENCIES    7,181,677 
U.S. GOVERNMENT OBLIGATIONS - 29.9%  
     U.S. Treasury Bonds:     
 350,000   4.250% due 5/15/39    336,766 
 650,000   4.500% due 8/15/39    638,625 
 20,000,000   1.125% due 5/15/40    12,559,375 
 3,450,000   1.125% due 8/15/40    2,144,795 
 2,790,000   1.375% due 11/15/40    1,791,921 
 7,050,000   1.875% due 2/15/41    4,861,746 
 1,825,000   4.750% due 2/15/41    1,819,083 
 14,565,000   2.000% due 11/15/41    10,028,799 
 5,735,000   3.375% due 8/15/42    4,765,203 
 33,950,000   3.875% due 2/15/43    29,950,266 
 6,715,000   3.625% due 2/15/44    5,660,797 
 12,905,000   3.375% due 5/15/44    10,465,148 
 980,000   4.625% due 5/15/44    942,408 
 3,205,000   4.125% due 8/15/44    2,883,749 
 1,840,000   4.625% due 11/15/44    1,764,675 
 4,195,000   2.500% due 2/15/45    2,919,294 
 1,425,000   4.875% due 8/15/45    1,407,132 
 5,525,000   4.625% due 11/15/45    5,279,828 
 2,515,000   4.625% due 2/15/46    2,401,825 
 1,005,000   5.000% due 5/15/46    1,007,827 
 3,240,000   2.250% due 8/15/46    2,097,141 
 8,500,000   3.000% due 2/15/48    6,214,297 
 9,545,000   3.125% due 5/15/48    7,119,973 
 5,110,000   3.375% due 11/15/48    3,969,831 
 47,114,000   1.250% due 5/15/50    22,169,346 
 7,050,000   1.375% due 8/15/50    3,418,975 
 29,315,000   2.375% due 5/15/51    18,160,414 
 12,330,000   1.875% due 11/15/51    6,707,327 
 7,170,000   3.000% due 8/15/52    5,039,446 
 2,801,600   4.000% due 11/15/52    2,378,733 
 5,797,000   3.625% due 5/15/53    4,593,217 
 8,290,000   4.125% due 8/15/53    7,188,661 
 20,480,000   4.250% due 8/15/54    18,140,000 
 1,015,000   4.500% due 11/15/54    937,527 
 6,190,000   4.625% due 2/15/55    5,836,977 
 3,441,526   U.S. Treasury Inflation Indexed Bonds, 0.750% due 2/15/42    2,663,502 
     U.S. Treasury Inflation Indexed Notes:     
 2,146,357   0.375% due 7/15/27    2,133,346 
 2,820,242   1.625% due 10/15/27    2,843,417 
 2,168,710   0.500% due 1/15/28    2,139,107 
     U.S. Treasury Notes:     
 4,650,000   0.750% due 5/31/26    4,650,000 
 6,800,000   0.875% due 9/30/26    6,736,516 
 12,098,000   0.625% due 11/30/27    11,512,003 
 12,570,000   3.375% due 12/31/27    12,452,156 
 3,000,000   0.750% due 1/31/28    2,844,375 
 27,580,000   3.500% due 1/15/29    27,208,316 
 24,590,000   2.375% due 3/31/29    23,495,937 
 7,460,000   4.125% due 11/30/29    7,469,325 
 9,480,000   3.875% due 4/30/30    9,402,234 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
Face Amount/Units  Security  Value
U.S. GOVERNMENT AGENCIES & OBLIGATIONS - (continued)
U.S. GOVERNMENT OBLIGATIONS - (continued)     
$36,200,000   3.875% due 6/30/30   $35,879,008 
 2,000,000   0.625% due 8/15/30    1,732,500 
 2,692,000   3.625% due 9/30/30    2,639,422 
 12,000,000   0.875% due 11/15/30    10,425,937 
 3,605,000   3.500% due 2/28/31    3,507,834 
 4,665,000   4.125% due 11/30/31    4,651,880 
 7,650,000   4.375% due 1/31/32    7,717,834 
 12,035,000   3.875% due 9/30/32    11,790,069 
 1,830,000   3.875% due 12/31/32    1,789,611 
 4,075,000   3.500% due 2/15/33    3,892,739 
 5,490,000   3.750% due 2/28/33    5,323,799 
 8,220,000   3.375% due 5/15/33    7,771,432 
 5,375,000   4.250% due 5/15/35    5,314,951 
 11,875,000   4.125% due 2/15/36    11,583,691 
     TOTAL U.S. GOVERNMENT OBLIGATIONS    447,172,068 
 
 		  
 		  
 		  
 		 TOTAL U.S. GOVERNMENT AGENCIES & OBLIGATIONS
(Cost - $497,299,958) 		 
 		  
 		  
454,353,745		  
 
MORTGAGE-BACKED SECURITIES - 22.2%     
FHLMC - 5.6%     
     Federal Home Loan Mortgage Corp. (FHLMC)., Gold:     
 70,166   2.000% due 12/1/40    61,506 
 464,286   2.000% due 5/1/41    399,937 
 552,740   2.000% due 12/1/41    479,946 
 236,747   2.000% due 9/1/50    193,200 
 4,676,251   2.000% due 3/1/51    3,775,096 
 697,764   2.000% due 4/1/51    562,655 
 401,666   2.000% due 5/1/51    329,030 
 157,755   2.000% due 8/1/51    127,363 
 159,797   2.000% due 11/1/51    129,681 
 621,218   2.000% due 4/1/52    506,773 
 232,845   2.500% due 5/1/50    199,057 
 270,028   2.500% due 6/1/50    230,592 
 1,113,057   2.500% due 7/1/50    948,101 
 416,499   2.500% due 9/1/50    356,099 
 58,889   2.500% due 10/1/50    50,498 
 472,817   2.500% due 11/1/50    401,339 
 144,907   2.500% due 2/1/51    123,946 
 372,354   2.500% due 3/1/51    314,647 
 234,278   2.500% due 7/1/51    198,222 
 260,006   2.500% due 10/1/51    220,089 
 4,975,237   2.500% due 12/1/51    4,195,279 
 6,393,437   2.500% due 1/1/52    5,436,970 
 3,030,669   2.500% due 4/1/52    2,553,729 
 186,866   3.000% due 3/1/35    177,381 
 3,209,146   3.000% due 3/1/42    2,939,063 
 95,161   3.000% due 1/1/47    85,030 
 192,948   3.000% due 2/1/47    173,061 
 4,649,707   3.000% due 4/1/50    3,998,521 
 540,630   3.000% due 8/1/51    479,726 
 405,739   3.000% due 9/1/51    360,269 
 486,320   3.000% due 10/1/51    431,763 
 6,109,755   3.000% due 1/1/52    5,431,091 
 6,476,790   3.000% due 5/1/52    5,731,502 
 3,524,130   3.030% due 1/1/50    2,837,664 
 639,158   3.500% due 8/1/43    592,905 
 290,002   3.500% due 1/1/48    268,833 
 291,234   3.500% due 4/1/50    267,896 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
Face Amount/Units  Security  Value
MORTGAGE-BACKED SECURITIES - (continued)
FHLMC - (continued)     
$2,488,352   3.500% due 8/1/52   $2,295,093 
 510,103   4.000% due 10/1/44    488,257 
 32,438   4.000% due 4/1/47    31,218 
 653,407   4.000% due 12/1/47    621,072 
 355,705   4.000% due 4/1/49    337,281 
 118,930   4.000% due 5/1/49    113,799 
 409,330   4.000% due 7/1/49    390,865 
 232,211   4.500% due 5/1/48    226,385 
 186,968   5.000% due 7/1/40    188,095 
 139,044   5.000% due 8/1/52    137,887 
 623,581   5.000% due 10/1/52    617,037 
 2,798,391   5.000% due 12/1/52    2,770,508 
 243,092   5.000% due 4/1/53    241,391 
 2,837,774   5.000% due 6/1/53    2,832,186 
 3,666,202   5.000% due 3/1/54    3,652,081 
 6,360,602   5.000% due 8/1/55    6,295,901 
 627,731   5.500% due 12/1/37    639,459 
 515,337   5.500% due 2/1/53    520,048 
 2,811,790   5.500% due 9/1/53    2,863,536 
 3,344,820   5.500% due 1/1/55    3,407,840 
 3,745,509   5.500% due 11/1/55    3,773,819 
 276,882   6.000% due 11/1/52    284,474 
 318,433   6.000% due 12/1/52    329,477 
 129,822   6.000% due 3/1/53    134,937 
 2,570,237   6.000% due 4/1/54    2,666,268 
 1,093,551   6.000% due 6/1/54    1,123,953 
 1,017,419   6.000% due 8/1/54    1,042,542 
 333,854   6.000% due 11/1/55    343,110 
     TOTAL FHLMC    83,936,979 
FNMA - 14.4%     
     Federal National Mortgage Association (FNMA):     
 271,293   2.000% due 9/1/40    237,665 
 678,942   2.000% due 12/1/40    593,511 
 315,091   2.000% due 4/1/41    275,048 
 93,463   2.000% due 5/1/41    81,670 
 397,460   2.000% due 10/1/41    344,196 
 12,429,252   2.000% due 6/1/50    10,060,140 
 9,336,097   2.000% due 8/1/50    7,575,401 
 1,050,863   2.000% due 9/1/50    857,569 
 257,284   2.000% due 12/1/50    209,267 
 1,568,466   2.000% due 2/1/51    1,281,766 
 3,570,292   2.000% due 3/1/51    2,874,981 
 719,458   2.000% due 4/1/51    580,866 
 5,218,561   2.000% due 5/1/51    4,238,240 
 121,946   2.000% due 7/1/51    98,423 
 224,735   2.250% due 4/1/33    196,481 
 38,523   2.500% due 6/1/30    37,442 
 4,982,230   2.500% due 2/1/47    4,294,514 
 254,963   2.500% due 4/1/50    217,015 
 252,574   2.500% due 6/1/50    214,808 
 255,539   2.500% due 7/1/50    218,074 
 435,553   2.500% due 9/1/50    368,549 
 4,253,383   2.500% due 10/1/50    3,643,615 
 8,307,691   2.500% due 11/1/50    6,991,664 
 249,221   2.500% due 1/1/51    213,111 
 899,183   2.500% due 2/1/51    760,768 
 2,729,512   2.500% due 5/1/51    2,326,398 
 356,644   2.500% due 7/1/51    302,722 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
Face Amount/Units  Security  Value
MORTGAGE-BACKED SECURITIES - (continued)
FNMA - (continued)     
$8,931,980   2.500% due 8/1/51  $7,540,087 
 220,640   2.500% due 9/1/51   187,921 
 6,792,910   2.500% due 10/1/51   5,736,961 
 6,621,581   2.500% due 11/1/51   5,599,974 
 5,496,831   2.500% due 12/1/51   4,638,859 
 406,842   2.500% due 1/1/52   346,969 
 271,293   2.500% due 3/1/52   229,298 
 556,222   2.500% due 1/1/57   468,722 
 704,793   3.000% due 11/1/36   666,710 
 2,644,045   3.000% due 3/1/43   2,410,583 
 4,886,126   3.000% due 6/1/43   4,454,705 
 93,615   3.000% due 11/1/48   83,482 
 177,728   3.000% due 2/1/50   158,718 
 707,930   3.000% due 8/1/50   625,263 
 288,718   3.000% due 10/1/50   253,639 
 423,718   3.000% due 12/1/50   372,303 
 330,189   3.000% due 5/1/51   295,469 
 531,615   3.000% due 7/1/51   469,639 
 832,363   3.000% due 8/1/51   735,086 
 80,792   3.000% due 9/1/51   70,898 
 923,954   3.000% due 10/1/51   816,735 
 180,585   3.000% due 11/1/51   159,254 
 169,542   3.000% due 12/1/51   148,623 
 251,346   3.000% due 1/1/52   221,599 
 6,585,557   3.000% due 4/1/52   5,767,441 
 376,108   3.000% due 5/1/52   332,523 
 3,147,337   3.000% due 4/1/53   2,827,733 
 290,869   3.500% due 7/1/37   278,962 
 513,438   3.500% due 8/1/43   483,570 
 521,594   3.500% due 3/1/46   484,044 
 522,231   3.500% due 5/1/47   486,715 
 645,751   3.500% due 11/1/47   597,260 
 643,639   3.500% due 2/1/48   599,781 
 350,017   3.500% due 7/1/50   321,419 
 132,328   3.500% due 9/1/50   121,918 
 501,413   3.500% due 1/1/51   459,770 
 1,104,190   3.500% due 2/1/51   1,012,376 
 5,644,844   3.500% due 7/1/51   5,188,834 
 547,085   3.500% due 4/1/52   502,609 
 1,110,933   3.500% due 5/1/52   1,010,379 
 1,234,000   3.500% due 6/1/56(a)   1,121,528 
 1,230,000   3.500% due 7/1/56(a)   1,117,075 
 820,133   3.500% due 10/1/56   742,287 
 164,158   3.500% due 2/1/57   148,576 
 336,000   3.920% due 10/1/30   329,970 
 185,289   4.000% due 8/1/38   181,653 
 324,057   4.000% due 11/1/38   316,133 
 1,190,000   4.000% due 6/1/41(a)   1,155,515 
 71,345   4.000% due 3/1/46   68,419 
 441,631   4.000% due 3/1/47   420,570 
 43,936   4.000% due 12/1/47   41,867 
 62,458   4.000% due 2/1/48   58,930 
 90,993   4.000% due 1/1/49   87,415 
 119,074   4.000% due 5/1/49   113,469 
 30,110   4.000% due 8/1/49   28,892 
 1,464,340   4.000% due 11/1/49   1,391,770 
 490,334   4.000% due 4/1/50   467,041 
 313,472   4.000% due 8/1/51   299,007 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
Face Amount/Units  Security  Value
MORTGAGE-BACKED SECURITIES - (continued)
FNMA - (continued)     
$374,279   4.000% due 6/1/52   $353,574 
 1,265,000   4.000% due 6/1/56(a)    1,184,247 
 1,160,000   4.000% due 7/1/56(a)    1,085,270 
 523,800   4.120% due 11/1/30    518,331 
 240,000   4.210% due 1/1/31    237,846 
 335,000   4.370% due 11/1/30    334,882 
 245,608   4.500% due 12/1/37    246,020 
 4,260,000   4.500% due 6/1/41(a)    4,214,481 
 163,264   4.500% due 5/1/48    159,742 
 165,368   4.500% due 6/1/48    161,648 
 2,740,484   4.500% due 10/1/50    2,679,234 
 974,885   4.500% due 6/1/52    940,086 
 3,176,135   4.500% due 7/1/52    3,058,832 
 145,307   4.500% due 8/1/52    140,310 
 3,497,952   4.500% due 10/1/52    3,375,178 
 842,183   4.500% due 11/1/52    812,493 
 675,173   4.500% due 3/1/53    649,888 
 859,000   4.500% due 6/1/56(a)    824,555 
 262,000   4.520% due 10/1/30    263,484 
 1,125,000   5.000% due 6/1/41(a)    1,131,006 
 487,069   5.000% due 7/1/52    483,016 
 10,591,379   5.000% due 9/1/52    10,493,758 
 724,817   5.000% due 10/1/52    716,988 
 108,427   5.000% due 11/1/52    107,370 
 1,459,441   5.000% due 12/1/52    1,444,974 
 62,110   5.000% due 3/1/53    61,374 
 16,710,000   5.000% due 6/1/56(a)    16,438,308 
 585,000   5.065% due 12/1/28    594,403 
 206,640   5.500% due 4/1/38    210,500 
 267,193   5.500% due 11/1/39    271,979 
 634,181   5.500% due 8/1/40    646,046 
 860,000   5.500% due 6/1/41(a)    875,117 
 323,643   5.500% due 10/1/52    326,984 
 966,876   5.500% due 11/1/52    977,399 
 1,100,195   5.500% due 12/1/52    1,111,324 
 486,742   5.500% due 1/1/53    492,514 
 3,277,757   5.500% due 6/1/53    3,336,810 
 5,944,937   5.500% due 7/1/53    6,072,796 
 5,602,872   5.500% due 11/1/54    5,738,022 
 18,490,000   5.500% due 6/1/56(a)    18,571,605 
 341,648   6.000% due 5/1/53    353,780 
 681,669   6.000% due 12/1/53    700,610 
 312,042   6.000% due 9/1/54    320,174 
 7,521,000   6.000% due 6/1/56(a)    7,679,469 
     TOTAL FNMA    214,747,279 
GNMA - 2.2%     
     Government National Mortgage Association (GNMA):     
 2,030,000   2.000% due 6/1/56(a)    1,664,916 
 6,344,000   2.500% due 6/1/56(a)    5,426,355 
 155,000   3.500% due 6/1/56(a)    139,612 
 1,545,000   5.500% due 6/1/56(a)    1,554,528 
 1,697,000   6.000% due 6/1/56(a)    1,728,920 
     Government National Mortgage Association (GNMA) II:     
 534,858   2.000% due 10/20/50    439,706 
 1,194,037   2.000% due 12/20/50    979,852 
 508,576   2.500% due 11/20/49    438,325 
 399,166   2.500% due 3/20/51    341,694 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
Face Amount/Units  Security  Value
MORTGAGE-BACKED SECURITIES - (continued)
GNMA - (continued)     
$3,225,112   2.500% due 10/20/51   $2,761,729 
 118,838   3.000% due 4/20/31    115,533 
 407,957   3.000% due 6/20/50    364,517 
 72,920   3.000% due 12/20/50    65,058 
 1,777,089   3.000% due 6/20/51    1,581,117 
 658,735   3.000% due 9/20/51    586,089 
 370,810   3.000% due 12/20/52    330,518 
 89,003   3.500% due 8/20/42    83,780 
 333,316   3.500% due 10/20/43    312,994 
 181,831   3.500% due 6/20/49    166,759 
 443,869   3.500% due 11/20/49    407,268 
 385,040   3.500% due 6/20/50    352,655 
 495,585   3.500% due 9/20/50    453,959 
 2,372,096   3.500% due 10/20/51    2,164,747 
 3,524,571   3.500% due 2/20/52    3,207,125 
 45,010   3.500% due 5/20/52    41,033 
 372,614   4.000% due 10/20/44    357,851 
 248,771   4.000% due 2/20/45    238,919 
 170,578   4.000% due 10/20/45    164,277 
 211,866   4.000% due 2/20/47    201,331 
 443,410   4.000% due 10/20/48    421,085 
 363,551   4.000% due 3/20/49    344,418 
 1,005,922   4.000% due 2/20/52    945,720 
 473,418   4.500% due 2/20/40    470,114 
 160,197   4.500% due 7/20/49    156,640 
 163,022   4.500% due 8/20/49    158,791 
 233,119   4.500% due 8/20/52    226,156 
 218,086   4.500% due 9/20/52    211,443 
 983,442   4.500% due 10/20/52    953,778 
 209,995   5.000% due 5/20/40    212,854 
 167,639   5.000% due 6/20/40    170,433 
 65,776   5.000% due 7/20/40    66,710 
 1,517,897   5.500% due 11/20/54    1,532,194 
     TOTAL GNMA    32,541,503 
 
 		  
 		  
 		  
 		 TOTAL MORTGAGE-BACKED SECURITIES
(Cost - $352,269,040) 		 
 		  
 		  
331,225,761		  
 
COLLATERALIZED MORTGAGE OBLIGATIONS - 18.6%     
Asset Backed Securities - 0.5%     
 167,469   Cascade MH Asset Trust, Series 2021-MH1, Class A1, 1.753% due 2/25/46(b)    152,822 
     FMC GMSR Issuer Trust:     
 4,000,000   Series 2021-GT1, Class A, 3.620% due 7/25/26(b)(c)    3,850,563 
 3,420,000   Series 2021-GT2, Class A, 3.850% due 10/25/26(b)(c)    3,292,550 
     Total Asset Backed Securities    7,295,935 
Mortgage Securities - 18.1%     
 220,000   280 Park Avenue Mortgage Trust, Series 2017-280P, Class A, 4.818% (1-Month TSFR + 1.180%) due 9/15/34(b)(c)  219,725 
     Alternative Loan Trust:     
 440,633   Series 2005-28CB, Class 1A7, 5.500% due 8/25/35    373,194 
 3,614,609   Series 2005-7CB, Class 2A2, 1.351% (1-Month TSFR + 4.936%) due 3/1/38(c)(d)    163,552 
 3,614,609   Series 2005-7CB, Class 2A5, 4.149% (1-Month TSFR + 0.564%) due 3/1/38(c)    2,616,697 
 3,145,033   Series 2006-OA2, Class A1, 4.137% (1-Month TSFR + 0.534%) due 5/20/46(c)    2,858,146 
 1,692,537   Series 2007-4CB, Class 1A1, 4.299% (1-Month TSFR + 0.714%) due 4/25/37(c)    1,296,991 
 6,397,225   Series 2007-9T1, Class 2A2, 6.000% due 5/25/37    2,564,059 
     Angel Oak Mortgage Trust:     
 233,229   Series 2021-1, Class A1, 0.909% due 1/25/66(b)(c)    204,478 
 236,604   Series 2021-2, Class A1, 0.985% due 4/25/66(b)(c)    204,455 
 441,156   Series 2021-3, Class A1, 1.068% due 5/25/66(b)(c)    382,048 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)
Mortgage Securities - (continued)     
$371,026   Series 2021-4, Class A1, 1.035% due 1/20/65(b)(c)   $313,348 
 541,802   Series 2021-5, Class A1, 0.951% due 7/25/66(b)(c)    470,060 
 906,096   Series 2021-6, Class A1, 1.458% due 9/25/66(b)(c)    760,068 
 200,000   ARDN Mortgage Trust, Series 2025-ARCP, Class A, 5.377% (1-Month TSFR + 1.750%) due 6/15/35(b)(c)    200,375 
     BANK:     
 9,537,921   Series 2017-BNK4, Class XA, 1.321% due 5/15/50(c)(d)    70,287 
 14,783,428   Series 2018-BN10, Class XA, 0.683% due 2/15/61(c)(d)    131,332 
 405,000   Series 2018-BN13, Class B, 4.557% due 8/15/61(c)    386,115 
 6,384,066   Series 2022-BNK39, Class XA, 0.411% due 2/15/55(c)(d)    128,772 
 1,496,486   Series 2023-BNK45, Class XA, 1.070% due 2/15/56(c)(d)    78,651 
 3,450,872   Series 2024-BNK47, Class XA, 0.821% due 6/15/57(c)(d)    178,294 
 3,795,758   Series 2024-BNK48, Class XA, 1.142% due 10/15/57(c)(d)    286,450 
     BANK5:     
 1,033,182   Series 2023-5YR4, Class XA, 1.005% due 12/15/56(c)(d)    20,865 
 12,227,087   Series 2024-5YR8, Class XA, 0.899% due 8/15/57(c)(d)    297,484 
 360,000   Series 2024-5YR9, Class A3, 5.614% due 8/15/57    368,726 
 180,000   Series 2025-5YR15, Class AS, 5.762% due 7/15/58    183,874 
 343,000   Series 2025-5YR16, Class AS, 5.751% due 8/15/63(c)    350,571 
 260,000   Series 2025-5YR17, Class AS, 5.626% due 11/15/58(c)    263,988 
 155,000   Series 2025-5YR18, Class A3, 5.145% due 12/15/58    156,915 
 665,000   Series 2026-5YR20, Class AS, 5.336% due 2/15/59    668,261 
 406,000   Series 2026-5YR20, Class C, 6.037% due 2/15/59(c)    405,495 
 392,000   Series 2026-5YR22, Class A3, 5.713% due 6/15/59    405,250 
 270,000   BANK5 Trust, Series 2024-5YR6, Class A3, 6.225% due 5/15/57    279,679 
     BBCMS Mortgage Trust:     
 1,401,695   Series 2020-C7, Class XA, 1.586% due 4/15/53(c)(d)    54,025 
 262,000   Series 2024-5C25, Class AS, 6.358% due 3/15/57(c)    269,799 
 362,000   Series 2024-5C29, Class A3, 5.208% due 9/15/57    365,922 
 2,481,214   Series 2024-C24, Class XA, 1.623% due 2/15/57(c)(d)    215,698 
 3,668,777   Series 2024-C26, Class XA, 1.012% due 5/15/57(c)(d)    243,607 
 2,418,423   Series 2024-C28, Class XA, 1.108% due 9/15/57(c)(d)    169,776 
 259,000   Series 2025-5C37, Class AS, 5.382% due 9/15/58(c)    260,952 
 252,000   Series 2025-5C38, Class AS, 5.476% due 11/15/58    255,664 
 1,940,273   Series 2025-C32, Class XA, 1.117% due 2/15/62(c)(d)    149,691 
 1,337,000   Series 2026-5C40, Class AS, 5.529% due 2/15/59(c)    1,356,210 
 1,641,603   Bear Stearns ALT-A Trust, Series 2006-1, Class 21A2, 4.338% due 2/25/36(c)    1,129,815 
     Benchmark Mortgage Trust:     
 2,110,000   Series 2020-B19, Class A5, 1.850% due 9/15/53    1,880,972 
 1,350,000   Series 2020-B20, Class A5, 2.034% due 10/15/53    1,194,905 
 2,321,418   Series 2020-B22, Class XA, 1.488% due 1/15/54(c)(d)    125,957 
 2,965,000   Series 2022-B35, Class A5, 4.442% due 5/15/55(c)    2,868,222 
 6,181,569   Series 2023-B39, Class XA, 0.573% due 7/15/56(c)(d)    202,717 
 1,694,067   Series 2023-B40, Class XA, 1.173% due 12/15/56(c)(d)    82,812 
 262,000   Series 2024-V10, Class AS, 5.725% due 9/15/57(c)    266,228 
 260,000   Series 2024-V6, Class A3, 5.926% due 3/15/57    267,305 
 262,000   Series 2024-V6, Class AS, 6.384% due 3/15/57    269,942 
 358,000   Series 2024-V9, Class A3, 5.602% due 8/15/57    366,056 
 406,000   Series 2025-V14, Class AM, 6.090% due 4/15/57(c)    417,773 
 180,000   Series 2025-V16, Class A3, 5.439% due 8/15/58(c)    183,892 
 346,000   Series 2025-V17, Class AM, 5.425% due 9/15/58(c)    348,894 
 195,000   Series 2025-V18, Class AS, 5.593% due 10/15/58    197,840 
 325,000   Series 2026-V20, Class AM, 5.436% due 2/15/59    328,444 
 406,000   Series 2026-V20, Class B, 5.687% due 2/15/59(c)    408,872 
 263,000   Series 2026-V21, Class A3, 5.127% due 3/15/59    266,127 
 239,785   BINOM Securitization Trust, Series 2021-INV1, Class A1, 2.034% due 6/25/56(b)(c)    219,782 
     BMO Mortgage Trust:     
 361,000   Series 2024-5C6, Class A3, 5.316% due 9/15/57    366,109 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)
Mortgage Securities - (continued)     
$232,000   Series 2024-5C7, Class AS, 5.888% due 11/15/57(c)   $234,262 
 3,402,692   Series 2024-C9, Class XA, 0.860% due 7/15/57(c)(d)    200,768 
 261,000   Series 2025-5C12, Class AS, 5.557% due 10/15/58    264,775 
 785,000   BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A, 5.227% (1-Month TSFR + 1.600%) due 12/15/42(b)(c)    785,981 
     BRAVO Residential Funding Trust:     
 102,056   Series 2021-NQM1, Class A1, 0.941% due 2/25/49(b)(c)    96,769 
 3,500,000   Series 2026-NQM4, Class M1, 6.025% due 3/25/66(b)(c)    3,489,574 
 130,000   BSTN Commercial Mortgage Trust, Series 2025-HUB, Class A, 4.899% due 4/13/41(b)(c)    129,170 
 695,000   BWAY Trust, Series 2025-1535, Class A, 6.309% due 5/5/42(b)(c)    703,861 
 3,202,185   BX, Series 2024-PALM, Class B, 5.418% (1-Month TSFR + 1.791%) due 6/15/37(b)(c)    3,202,184 
     BX Commercial Mortgage Trust:     
 2,107,000   Series 2024-MDHS, Class B, 5.468% (1-Month TSFR + 1.841%) due 5/15/41(b)(c)    2,109,634 
 2,694,284   Series 2025-JDI, Class A, 5.027% (1-Month TSFR + 1.400%) due 11/15/42(b)(c)    2,699,333 
 1,145,000   Series 2026-ALOHA, Class A, 4.977% (1-Month TSFR + 1.350%) due 4/15/43(b)(c)    1,145,000 
 200,000   Series 2026-ALOHA, Class C, 5.327% (1-Month TSFR + 1.700%) due 4/15/43(b)(c)    200,124 
 1,310,000   Series 2026-CSMO, Class A, 5.027% (1-Month TSFR + 1.400%) due 2/15/43(b)(c)    1,313,275 
 270,000   Series 2026-CSMO, Class B, 5.327% (1-Month TSFR + 1.700%) due 2/15/43(b)(c)    271,181 
 1,114,437   Series 2026-LP3, Class A, 5.007% (1-Month TSFR + 1.380%) due 4/15/43(b)(c)    1,117,571 
 1,590,000   Series 2026-VLT9, Class A, 5.327% (1-Month TSFR + 1.700%) due 3/15/45(b)(c)    1,590,000 
 256,587   Series 2026-XL6, Class A, 4.827% (1-Month TSFR + 1.200%) due 3/15/43(b)(c)    256,266 
     BX Trust:     
 200,000   Series 2019-OC11, Class E, 3.944% due 12/9/41(b)(c)    185,102 
 1,700,000   Series 2025-VOLT, Class A, 5.327% (1-Month TSFR + 1.700%) due 12/15/44(b)(c)    1,701,062 
 1,775,000   Series 2026-CART, Class A, 4.677% (1-Month TSFR + 1.050%) due 2/15/36(b)(c)    1,758,914 
 250,000   Series 2026-CLS, Class A, 5.027% (1-Month TSFR + 1.400%) due 5/15/43(b)(c)    250,547 
 182,000   BXP Trust, Series 2017-GM, Class B, 3.425% due 6/13/39(b)(c)    179,127 
 14,361,277   CD Mortgage Trust, Series 2017-CD4, Class XA, 1.201% due 5/10/50(c)(d)    74,749 
 176,000   CENT, Series 2025-CITY, Class A, 4.920% due 7/10/40(b)(c)    176,213 
 605,540   CIM Trust, Series 2021-R6, Class A1, 1.425% due 7/25/61(b)(c)    557,182 
     Citigroup Commercial Mortgage Trust:     
 6,058,762   Series 2015-GC35, Class XA, 0.425% due 11/10/48(c)(d)    188 
 400,000   Series 2016-P4, Class B, 3.377% due 7/10/49    384,190 
 170,000   Series 2020-555, Class A, 2.647% due 12/10/41(b)    153,684 
 2,195,000   Series 2023-SMRT, Class B, 5.852% due 6/12/40(b)(c)    2,221,275 
     COLT Mortgage Loan Trust:     
 344,998   Series 2021-1, Class A1, 0.910% due 6/25/66(b)(c)    299,776 
 375,445   Series 2021-2, Class A1, 0.924% due 8/25/66(b)(c)    319,142 
 912,629   Series 2022-1, Class A1, 2.284% due 12/27/66(b)(c)    854,276 
 300,235   Series 2026-1, Class A1, 4.758% due 2/25/71(b)(c)    297,357 
     Commercial Mortgage Trust:     
 405,000   Series 2016-COR1, Class B, 3.897% due 10/10/49    377,149 
 203,000   Series 2022-HC, Class A, 2.819% due 1/10/39(b)    198,194 
 255,000   Series 2024-CBM, Class A2, 5.867% due 12/10/41(b)(c)    255,122 
 522,100   Connecticut Avenue Securities Trust, Series 2026-R03, Class 2A1, 4.712% (SOFR30A + 1.100%) due 4/25/46(b)(c)  523,416 
     Credit Suisse Commercial Mortgage Capital Trust:     
 874,995   Series 2018-RPL9, Class A, 3.850% due 9/25/57(b)(c)    837,669 
 264,740   Series 2021-AFC1, Class A1, 0.830% due 3/25/56(b)(c)    229,746 
 367,113   Series 2021-NQM5, Class A1, 0.938% due 5/25/66(b)(c)    308,851 
 2,219,082   Series 2021-RPL3, Class A1, 2.000% due 1/25/60(b)(c)    1,958,443 
 260,926   Series 2021-RPL4, Class A1, 4.152% due 12/27/60(b)(c)    260,077 
 1,255,179   CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-9, Class 5A6, 5.500% due 10/25/35    577,361 
     CSMC:     
 741,775   Series 2010-8R, Class 5A11, 5.356% due 2/26/37(b)(c)    751,448 
 145,544   Series 2021-B33, Class A1, 3.053% due 10/10/43(b)    137,742 
 569,412   Series 2021-NQM4, Class A1, 1.101% due 5/25/66(b)(c)    495,561 
 

Schedules of Investments    
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)     
Mortgage Securities - (continued)     
$449,070   Series 2021-NQM8, Class A1, 2.841% due 10/25/66(b)(c)  $407,529 
     CSTL Commercial Mortgage Trust:     
 1,567,000   Series 2024-GATE, Class A, 4.764% due 11/10/41(b)(c)   1,562,146 
 2,260,000   Series 2026-GATE3, Class A, 4.695% due 2/10/43(b)(c)   2,234,123 
 200,000   Series 2026-GATE3, Class B, 4.938% due 2/10/43(b)(c)   196,037 
     DBJPM Mortgage Trust:     
 21,195,000   Series 2017-C6, Class XB, 0.199% due 6/10/50(c)(d)   52,903 
 1,719,983   Series 2020-C9, Class XA, 1.584% due 9/15/53(c)(d)   65,393 
 300,000   DC Trust, Series 2024-HLTN, Class A, 5.727% due 4/13/40(b)(c)   300,934 
     Deephaven Residential Mortgage Trust:     
 32,171   Series 2021-1, Class A1, 0.715% due 5/25/65(b)(c)   31,553 
 156,070   Series 2021-2, Class A1, 0.899% due 4/25/66(b)(c)   138,810 
 180,000   Del Amo Fashion Center Trust, Series 2017-AMO, Class A, 3.636% due 6/5/35(b)(c)   175,569 
 3,372,840   DSLA Mortgage Loan Trust, Series 2005-AR4, Class 1A, 4.247% (1-Month TSFR + 0.634%) due 8/19/45(c)   2,614,685 
 446,488   EFMT, Series 2025-INV5, Class A1, 5.077% due 12/25/70(b)(c)   444,536 
     Ellington Financial Mortgage Trust:     
 64,864   Series 2021-1, Class A1, 0.797% due 2/25/66(b)(c)   55,943 
 169,401   Series 2021-2, Class A1, 0.931% due 6/25/66(b)(c)   143,718 
 270,000   ELP Commercial Mortgage Trust, Series 2025-ELP, Class E, 6.450% due 11/13/42(b)(c)   267,127 
 1,035,297   Extended Stay America Trust, Series 2026-ESH2, Class A, 4.827% (1-Month TSFR + 1.200%) due 2/15/43(b)(c)   1,036,268 
 1,100,000   Fashion Show Mall LLC, Series 2024-SHOW, Class A, 5.104% due 10/10/41(b)(c)   1,105,344 
     Federal Home Loan Mortgage Corp. (FHLMC). REMICS:     
 3,952,231   Series 4223, Class SB, 0.889% (SOFR30A + 5.293%) due 7/15/43(c)   2,667,323 
 484,336   Series 4447, Class IO, 5.000% due 3/15/45(d)   96,545 
 130,934   Series 4518, Class CZ, 3.500% due 10/15/45    122,626 
 161,375   Series 4751, Class PL, 3.000% due 12/15/47    132,911 
 3,111,007   Series 4892, Class ES, 2.423% (SOFR30A + 6.036%) due 7/25/45(c)(d)   303,477 
 6,855,178   Series 4957, Class PB, 2.500% due 3/25/50    5,764,715 
 278,008   Series 5018, Class LW, 1.000% due 10/25/40    231,347 
 10,215,878   Series 5068, Class UZ, 2.500% due 1/25/51    6,476,108 
 606,045   Series 5083, Class AI, 2.500% due 3/25/51(d)   89,171 
 1,127,544   Series 5092, Class WI, 2.500% due 4/25/36(d)   93,477 
 5,024,842   Series 5131, Class IG, 3.500% due 8/25/51(d)   888,016 
 680,492   Series 5169, Class IO, 3.000% due 9/25/51(d)   107,207 
 548,199   Series 5178, Class IO, 4.000% due 3/25/45(d)   87,811 
 424,041   Series 5201, Class PA, 2.500% due 3/25/52    377,713 
 1,121,657   Series 5537, Class CS, 2.138% (SOFR30A + 5.750%) due 5/25/55(c)(d)   64,125 
 176,298   Series 5544, Class B, 5.000% due 8/25/52    176,135 
     Federal National Mortgage Association (FNMA), Aces:     
 29,944,806   Series 2020-M12, Class IO, 1.282% due 7/25/29(c)(d)   811,259 
 8,927,790   Series 2020-M15, Class X1, 1.448% due 9/25/31(c)(d)   479,585 
 20,493,387   Series 2020-M7, Class X2, 1.237% due 3/25/31(c)(d)   683,131 
 3,156,243   Series 2022-M4, Class A1X, 2.457% due 5/25/30(c)   3,000,822 
 6,265,731   Series 2022-M5, Class A1, 2.334% due 1/1/34(c)   5,890,065 
 6,844,000   Series 2025-M1, Class A2, 4.700% due 1/25/35(c)   6,842,877 
     Federal National Mortgage Association (FNMA), Interest Strip:     
 1,015,143   Series 426, Class C38, 2.000% due 3/25/52(d)   126,394 
 7,941,371   Series 427, Class C28, 2.500% due 10/25/50(d)   1,259,688 
 827,356   Series 429, Class C3, 2.500% due 9/25/52(d)   128,742 
 841,409   Series 437, Class C8, 2.500% due 6/25/52(d)   126,802 
     Federal National Mortgage Association (FNMA), REMICS:     
 87,525   Series 2011-51, Class TO, 0.000% due 6/25/41#(e)   66,139 
 96,092   Series 2013-2, Class MA, 3.500% due 2/25/43    90,815 
 585,563   Series 2013-72, Class IW, 3.500% due 7/25/33(d)   32,189 
 208,844   Series 2015-55, Class PD, 2.500% due 3/25/43    206,417 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)     
Mortgage Securities - (continued)     
$381,484   Series 2016-3, Class MI, 5.500% due 2/25/46(d)  $48,898 
 555,053   Series 2016-43, Class GZ, 3.000% due 7/25/46    495,674 
 854,036   Series 2017-105, Class ZE, 3.000% due 1/25/48    685,802 
 298,908   Series 2020-35, Class AI, 3.000% due 6/25/50(d)   46,413 
 535,348   Series 2020-37, Class IM, 4.000% due 6/25/50(d)   102,682 
 435,752   Series 2020-74, Class HI, 5.500% due 10/25/50(d)   72,001 
 578,942   Series 2020-77, Class HI, 4.000% due 11/25/50(d)   116,617 
 1,294,373   Series 2020-99, Class KI, 1.500% due 11/25/35(d)   56,342 
 794,037   Series 2021-3, Class NI, 2.500% due 2/25/51(d)   118,218 
 800,813   Series 2021-3, Class TI, 2.500% due 2/25/51(d)   133,006 
 766,088   Series 2021-95, Class GI, 3.000% due 1/25/52(d)   119,475 
 10,520,747   Series 2021-95, Class ZV, 2.500% due 1/25/52    6,184,694 
 661,872   Series 2022-3, Class PI, 3.000% due 1/25/52(d)   90,963 
 276,958   Series 2022-5, Class AB, 2.000% due 3/25/50    236,930 
 7,533,690   Series 2023-36, Class IO, 2.500% due 10/25/52(d)   1,154,994 
 1,009,509   Series 2024-70, Class SA, 2.338% (SOFR30A + 5.950%) due 10/25/54(c)(d)   48,924 
 7,899,644   Series 2025-108, Class MC, 4.500% due 5/25/55    7,746,696 
 664,255   Series 2025-19, Class SC, 2.228% (SOFR30A + 5.840%) due 3/25/55(c)(d)   31,702 
 412,593   Series 2025-28, Class BA, 5.000% due 4/25/52    412,427 
 302,181   Series 2025-3, Class BA, 5.500% due 3/25/52    304,024 
 285,202   Series 2025-3, Class DA, 5.500% due 4/25/52    289,203 
 317,677   Series 2025-34, Class BA, 5.000% due 12/25/51    316,265 
 512,560   Series 2026-1, Class CA, 5.000% due 7/25/47    509,250 
     Freddie Mac Multifamily Structured Pass-Through Certificates:     
 99,123,417   Series K064, Class X1, 0.583% due 3/25/27(c)(d)   300,949 
 25,438,951   Series K066, Class X1, 0.716% due 6/25/27(c)(d)   130,128 
 2,026,823   Series K118, Class X1, 0.943% due 9/25/30(c)(d)   68,742 
 4,998,720   Series K124, Class X1, 0.711% due 12/25/30(c)(d)   136,201 
 52,933,582   Series K125, Class X1, 0.571% due 1/25/31(c)(d)   1,185,310 
 30,289,153   Series K129, Class X1, 1.024% due 5/25/31(c)(d)   1,162,340 
 27,551,892   Series K130, Class X1, 1.034% due 6/25/31(c)(d)   1,185,255 
 31,095,255   Series K132, Class X1, 0.505% due 8/25/31(c)(d)   695,178 
 5,565,000   Series K-158, Class A2, 4.050% due 7/25/33    5,389,948 
 1,769,194   Series K-162, Class X1, 0.370% due 12/25/33(c)(d)   46,875 
 2,993,905   Series K-164, Class X1, 0.282% due 5/25/34(c)(d)   67,297 
 46,092,451   Series K-165, Class X1, 0.599% due 9/25/34(c)(d)   1,999,938 
 1,571,739   Series K-170, Class X1, 0.209% due 2/25/35(c)(d)   29,537 
 184,630,058   Series K-173, Class X1, 0.026% due 9/25/35(c)(d)   1,308,270 
 2,342,189   Series K753, Class X1, 0.232% due 10/25/30(c)(d)   26,429 
 1,401,347   Series Q001, Class A3, 3.815% due 2/25/32    1,363,895 
     Freddie Mac Seasoned Credit Risk Transfer Trust:     
 223,465   Series 2019-1, Class MA, 3.500% due 7/25/58    214,260 
 516,247   Series 2020-1, Class MT, 2.500% due 8/25/59    418,920 
 5,088,748   Series 2020-2, Class MT, 2.000% due 11/25/59    4,059,348 
 4,563,383   Series 2020-3, Class M5TW, 3.000% due 5/25/60    4,028,238 
     Freddie Mac STACR REMIC Trust:     
 1,040,000   Series 2021-DNA6, Class B1, 7.012% (SOFR30A + 3.400%) due 10/25/41(b)(c)   1,048,399 
 570,000   Series 2022-HQA3, Class M1B, 7.162% (SOFR30A + 3.550%) due 8/25/42(b)(c)   587,027 
     Freddie Mac Strips:     
 466,032   Series 303, Class C10, 3.500% due 1/15/33(d)   33,848 
 771,240   Series 375, Class C1, 2.500% due 1/25/51(d)   121,488 
 683,883   Series 386, Class C14, 2.500% due 3/15/52(d)   100,768 
 2,031,273   Series 389, Class C1, 1.500% due 5/15/37(d)   100,382 
 1,070,369   Series 389, Class C35, 2.000% due 6/15/52(d)   129,649 
 851,979   Series 405, Class C17, 2.500% due 8/25/52(d)   129,427 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)     
Mortgage Securities - (continued)     
$200,000   FS Trust, Series 2026-HULA, Class A, 5.077% (1-Month TSFR + 1.450%) due 3/15/41(b)(c)  $200,250 
     GCAT Trust:     
 291,457   Series 2021-NQM1, Class A1, 0.874% due 1/25/66(b)(c)   258,070 
 412,060   Series 2021-NQM3, Class A1, 1.091% due 5/25/66(b)(c)   361,392 
 640,114   Series 2021-NQM4, Class A1, 1.093% due 8/25/66(b)(c)   539,731 
 899,287   Series 2021-NQM5, Class A1, 1.262% due 7/25/66(b)(c)   754,910 
 259,978   Series 2021-NQM7, Class A1, 1.915% due 8/25/66(b)(c)   241,743 
 270,000   GGP, Series 2026-TY, Class A, 4.670% due 3/5/43(b)(c)   266,439 
 130,000   GGP Commercial Mortgage Trust, Series 2026-SSP, Class A, 5.115% due 7/5/43(b)(c)   130,470 
     Government National Mortgage Association (GNMA):     
 561,354   Series 2012-116, Class IB, 4.000% due 9/16/42(d)   114,052 
 1,014,873   Series 2012-32, Class Z, 3.500% due 3/20/42    934,215 
 412,479   Series 2014-46, Class IO, 5.000% due 3/16/44(d)   52,678 
 334,382   Series 2019-5, Class JI, 5.000% due 7/16/44(d)   48,880 
 6,559,507   Series 2020-151, Class MI, 2.500% due 10/20/50(d)   966,236 
 19,370,045   Series 2020-173, Class JI, 2.000% due 11/20/50(d)   2,244,425 
 14,325,634   Series 2021-129, Class IO, 0.983% due 6/16/63(c)(d)   984,869 
 8,492,086   Series 2021-137, Class IQ, 3.000% due 8/20/51(d)   1,412,272 
 3,088,158   Series 2021-175, Class IJ, 3.000% due 10/20/51(d)   519,087 
 20,393,189   Series 2021-184, Class IO, 0.886% due 12/16/61(c)(d)   1,340,251 
 655,879   Series 2021-215, Class KA, 2.500% due 10/20/49    582,358 
 11,075,797   Series 2021-30, Class IB, 2.500% due 2/20/51(d)   1,643,622 
 16,163,957   Series 2021-35, Class IO, 1.035% due 12/16/62(c)(d)   1,140,747 
 17,955,861   Series 2021-52, Class IO, 0.720% due 4/16/63(c)(d)   945,175 
 12,758,327   Series 2021-58, Class SL, 0.033% (1-Month TSFR + 3.636%) due 4/20/51(c)(d)   164,337 
 3,543,843   Series 2021-77, Class EA, 1.000% due 7/20/50    2,706,095 
 12,153,831   Series 2021-77, Class IT, 2.500% due 5/20/51(d)   2,005,327 
 17,883,306   Series 2021-79, Class IO, 0.867% due 8/16/63(c)(d)   1,122,744 
 6,531,703   Series 2022-213, Class DO, 0.000% due 1/20/52#(e)   1,686,286 
 26,575,172   Series 2022-49, Class IO, 0.756% due 3/16/64(c)(d)   1,271,851 
 12,726,384   Series 2022-61, Class EI, 3.000% due 7/20/51(d)   2,026,375 
 6,724,339   Series 2022-64, Class IO, 2.500% due 2/20/50(d)   785,445 
 29,828,930   Series 2022-80, Class IO, 0.594% due 6/16/64(c)(d)   1,347,045 
 27,266,988   Series 2022-82, Class IO, 0.541% due 2/16/64(c)(d)   1,188,623 
 23,601,861   Series 2024-29, Class AI, 0.726% due 10/16/65(c)(d)   1,301,711 
 1,405,000   GS Mortgage Securities Corp. II, Series 2024-70P, Class A, 5.310% due 3/10/41(b)(c)   1,398,879 
     GS Mortgage Securities Corp. Trust:     
 400,000   Series 2018-TWR, Class D, 5.525% (1-Month TSFR + 1.897%) due 7/15/31(b)(c)   39,996 
 400,000   Series 2018-TWR, Class E, 6.025% (1-Month TSFR + 2.397%) due 7/15/31(b)(c)   19,996 
 400,000   Series 2018-TWR, Class F, 6.725% (1-Month TSFR + 3.097%) due 7/15/31(b)(c)   9,996 
 400,000   Series 2018-TWR, Class G, 7.850% (1-Month TSFR + 4.222%) due 7/15/31(b)(c)   3,996 
     GS Mortgage Securities Trust:     
 9,348,895   Series 2017-GS7, Class XA, 1.021% due 8/10/50(c)(d)   68,640 
 350,000   Series 2018-GS9, Class C, 4.342% due 3/10/51(c)   303,266 
     GS Mortgage-Backed Securities Trust:     
 448,328   Series 2026-NQM1, Class A1, 4.869% due 3/25/66(b)(c)   445,041 
 264,375   Series 2026-NQM1, Class A2, step bond to yield, 5.123% due 3/25/66(b)   262,886 
 312,821   HIH Trust, Series 2024-61P, Class A, 5.469% (1-Month TSFR + 1.842%) due 10/15/41(b)(c)   313,798 
 320,000   HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% due 5/10/39(b)(c)   322,189 
 170,000   ILPT Commercial Mortgage Trust, Series 2025-LPF2, Class D, 6.508% due 7/13/42(b)(c)   170,425 
     Imperial Fund Mortgage Trust:     
 330,142   Series 2021-NQM2, Class A1, 1.073% due 9/25/56(b)(c)   278,631 
 654,904   Series 2021-NQM3, Class A1, 1.595% due 11/25/56(b)(c)   562,248 
 395,000   INT Commercial Mortgage Trust, Series 2025-PLAZA, Class A, 4.879% due 11/5/37(b)(c)   395,116 
 1,950,000   JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-OSB, Class A, 3.397% due 6/5/39(b)   1,841,448 
 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)     
Mortgage Securities - (continued)     
     JP Morgan Mortgage Trust:     
$6,327,895   Series 2006-S4, Class A7, 6.000% due 1/25/37   $2,162,418 
 1,411,857   Series 2021-3, Class B1, 2.942% due 7/25/51(b)(c)   1,196,613 
 134,679   Series 2026-LTV1, Class A1, 5.416% due 9/25/56(b)(c)   134,397 
 1,100,000   JPMCC Commercial Mortgage Securities Trust, Series 2017-JP6, Class A5, 3.490% due 7/15/50    1,086,244 
 2,885,905   KIND Trust, Series 2021-KIND, Class A, 4.700% (1-Month TSFR + 1.064%) due 8/15/38(b)(c)   2,878,262 
 2,100,000   KSL Commercial Mortgage Trust, Series 2026-HT3, Class A, 5.100% (1-Month TSFR + 1.500%) due 6/15/43(b)(c)   2,101,315 
     LBTY Commercial Mortgage Trust:     
 565,000   Series 2026-225L, Class A, 4.593% due 2/10/43(b)(c)   555,889 
 270,000   Series 2026-225L, Class B, 4.885% due 2/10/43(b)(c)   266,223 
     Legacy Mortgage Asset Trust:     
 248,562   Series 2021-GS2, Class A1, step bond to yield, 5.750% due 4/25/61(b)   248,725 
 344,993   Series 2021-GS3, Class A1, step bond to yield, 5.750% due 7/25/61(b)   345,629 
 170,773   Series 2021-GS4, Class A1, step bond to yield, 5.650% due 11/25/60(b)   170,915 
 2,027,488   Lehman XS Trust, Series 2007-4N, Class 1A3, 4.179% (1-Month TSFR + 0.594%) due 3/25/47(c)   1,834,100 
 1,070,000   Life Mortgage Trust, Series 2022-BMR2, Class D, 6.169% (1-Month TSFR + 2.542%) due 5/15/39(b)(c)   839,950 
 5,874,274   Merrill Lynch Mortgage Investors Trust, Series 2006-AF1, Class AF1, 5.750% due 8/25/36    2,305,062 
 229,786   MFA Trust, Series 2021-NQM2, Class A1, 1.029% due 11/25/64(b)(c)   203,508 
     Morgan Stanley Capital I Trust:     
 7,062,445   Series 2016-UB11, Class XA, 1.505% due 8/15/49(c)(d)   612 
 10,880,473   Series 2016-UB12, Class XA, 0.621% due 12/15/49(c)(d)   2,666 
 400,000   Series 2019-H7, Class AS, 3.524% due 7/15/52    379,080 
 20,263,126   Series 2019-L3, Class XA, 0.602% due 11/15/52(c)(d)   357,547 
 400,000   Series 2020-L4, Class B, 3.082% due 2/15/53    357,489 
 315,367   Series 2024-NSTB, Class A, 3.900% due 9/24/57(b)(c)   309,435 
     Morgan Stanley Residential Mortgage Loan Trust:     
 899,716   Series 2026-DSC1, Class A1, 4.767% due 1/25/71(b)(c)   889,362 
 372,026   Series 2026-DSC1, Class A2, step bond to yield, 5.020% due 1/25/71(b)   368,360 
 508,801   Series 2026-NQM1, Class A1, 4.809% due 12/25/70(b)(c)   503,825 
 778,038   MSWF Commercial Mortgage Trust, Series 2023-2, Class XA, 0.917% due 12/15/56(c)(d)   40,821 
 230,000   MTN Commercial Mortgage Trust, Series 2026-LPFX, Class A, 5.153% due 5/15/43(b)(c)   230,085 
 1,350,000   National Commercial Mortgage Trust, Series 2026-IND, Class A, 5.000% (1-Month TSFR + 1.350%) due 6/15/43(b)(c)   1,352,108 
     New Residential Mortgage Loan Trust:     
 186,125   Series 2021-NQ1R, Class A1, 0.943% due 7/25/55(b)(c)   170,372 
 663,529   Series 2021-NQM3, Class A1, 1.156% due 11/27/56(b)(c)   587,993 
 190,694   Series 2025-NQM7, Class A1, 5.010% due 10/26/65(b)(c)   189,555 
 815,949   Series 2025-NQM7, Class A2, step bond to yield, 5.264% due 10/26/65(b)   810,236 
 240,017   Series 2026-NQM1, Class A1, 4.824% due 11/25/65(b)(c)   237,789 
 217,000   NJ, Series 2025-WBRK, Class A, 5.867% due 3/5/35(b)(c)   222,198 
 622,288   NMLT Trust, Series 2021-INV1, Class A1, 1.185% due 5/25/56(b)(c)   539,705 
 430,000   NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A, 5.020% (1-Month TSFR + 1.393%) due 10/15/40(b)(c)   430,537 
     NXPT Commercial Mortgage Trust:     
 2,650,000   Series 2024-STOR, Class A, 4.312% due 11/5/41(b)(c)   2,598,862 
 130,000   Series 2024-STOR, Class B, 4.648% due 11/5/41(b)(c)   127,812 
     NYC Commercial Mortgage Trust:     
 875,000   Series 2025-3BP, Class A, 4.840% (1-Month TSFR + 1.213%) due 2/15/42(b)(c)   874,453 
 240,000   Series 2026-1PARK, Class A, 4.875% (1-Month TSFR + 1.250%) due 2/15/43(b)(c)   239,775 
 270,000   Series 2026-1PARK, Class C, 5.475% (1-Month TSFR + 1.850%) due 2/15/43(b)(c)   270,668 
 200,000   Series 2026-7W34, Class A, 5.038% due 2/5/41(b)(c)   198,717 
 190,000   NYC Trust, Series 2026-9W57, Class B, 5.353% due 6/6/40(b)(c)   189,804 
 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)     
Mortgage Securities - (continued)     
     OBX Trust:     
$422,822   Series 2021-NQM1, Class A1, 1.072% due 2/25/66(b)(c)  $375,850 
 515,744   Series 2026-NQM2, Class A1, 4.818% due 12/1/65(b)(c)   512,120 
 985,947   Series 2026-NQM6, Class A1, 5.063% due 4/26/66(b)(c)   981,706 
 960,909   Oceanview Mortgage Trust, Series 2026-1, Class A, 5.104% due 8/25/55(b)(c)   946,950 
 197,328   OLIT, Series 2025-HB2, Class A, 3.000% due 11/25/38(b)(c)   192,862 
 200,000   PENN Commercial Mortgage Trust, Series 2025-P11, Class B, 5.927% due 8/10/42(b)(c)   204,741 
 140,000   PLYM Commercial Mortgage Trust, Series 2026-IND, Class A, 4.877% (1-Month TSFR + 1.250%) due 3/15/43(b)(c)  140,087 
     PRET Trust:     
 1,201,926   Series 2025-RPL6, Class A1, step bond to yield, 3.850% due 9/25/69(b)   1,121,683 
 872,654   Series 2026-RPL2, Class A1, step bond to yield, 4.500% due 6/25/70(b)   855,477 
 3,555,000   PRM7 Trust, Series 2025-PRM7, Class A, 4.363% due 11/10/42(b)(c)   3,467,392 
     PRPM LLC:     
 201,651   Series 2025-5, Class A1, step bond to yield, 5.729% due 7/25/30(b)   201,115 
 520,051   Series 2025-6, Class A1, step bond to yield, 5.774% due 8/25/28(b)   519,111 
 359,071   Series 2025-7, Class A1, step bond to yield, 5.503% due 8/25/30(b)   357,602 
 600,468   Series 2026-1, Class A1, step bond to yield, 5.185% due 2/25/31(b)   594,472 
 229,691   PRPM Trust, Series 2026-RCF1, Class A1, step bond to yield, 4.845% due 1/25/56(b)   227,856 
     Rali Trust:     
 766,375   Series 2005-QS13, Class 1A3, 5.500% due 9/25/35    606,946 
 2,358,807   Series 2006-QS17, Class A8, 6.000% due 12/25/36    1,975,565 
 39,635   RCO VIII Mortgage LLC, Series 2025-3, Class A1, step bond to yield, 6.435% due 5/25/30(b)   39,670 
 3,192,475   Residential Asset Securitization Trust, Series 2005-A8CB, Class A6, 5.000% due 7/25/35    1,453,468 
     Residential Mortgage Loan Trust:     
 2,938,978   Series 2020-1, Class M1, 3.242% due 1/26/60(b)(c)   2,883,560 
 65,099   Series 2021-1R, Class A1, 0.859% due 1/25/65(b)(c)   63,397 
     SFO Commercial Mortgage Trust:     
 200,000   Series 2021-555, Class A, 5.141% (1-Month TSFR + 1.514%) due 5/15/38(b)(c)   199,876 
 180,000   Series 2021-555, Class B, 5.491% (1-Month TSFR + 1.864%) due 5/15/38(b)(c)   179,831 
 5,238,000   SG Residential Mortgage Trust, Series 2021-2, Class B1, 4.038% due 12/25/61(b)(c)   4,001,817 
 530,000   SHOPS Commercial Mortgage Trust, Series 2026-CSTL, Class A, 4.971% due 5/5/39(b)(c)   527,288 
 1,455,000   SHR Trust, Series 2024-LXRY, Class A, 5.577% (1-Month TSFR + 1.950%) due 10/15/41(b)(c)   1,455,908 
 685,000   SLG Office Trust, Series 2026-OMA, Class A, 4.965% due 4/15/41(b)(c)   686,180 
 130,000   SMRT, Series 2022-MINI, Class C, 5.178% (1-Month TSFR + 1.550%) due 1/15/39(b)(c)   129,837 
 200,000   SPGN Trust, Series 2026-TFLM, Class A, 4.927% (1-Month TSFR + 1.300%) due 2/15/41(b)(c)   199,312 
 180,000   SREIT Trust, Series 2021-MFP2, Class C, 5.112% (1-Month TSFR + 1.485%) due 11/15/36(b)(c)   179,944 
     Starwood Mortgage Residential Trust:     
 58,977   Series 2021-2, Class A1, 0.943% due 5/25/65(b)(c)   56,438 
 672,285   Series 2021-6, Class A1, 1.920% due 11/25/66(b)(c)   591,778 
     Towd Point Mortgage Trust:     
 1,339,345   Series 2021-R1, Class A1, 2.918% due 11/30/60(b)(c)   1,196,859 
 2,079,143   Series 2022-4, Class A1, 3.750% due 9/25/62(b)   1,972,590 
 209,518   TRK Trust, Series 2021-INV1, Class A1, 1.153% due 7/25/56(b)(c)   188,928 
     UBS Commercial Mortgage Trust:     
 3,513,730   Series 2017-C1, Class XA, 1.445% due 6/15/50(c)(d)   23,923 
 405,000   Series 2017-C6, Class B, 4.154% due 12/15/50(c)   373,892 
 113,000   VEGAS Trust, Series 2024-TI, Class A, 5.518% due 11/10/39(b)   113,110 
     Verus Securitization Trust:     
 3,814,000   Series 2021-1, Class B1, 2.977% due 1/25/66(b)(c)   3,027,760 
 156,694   Series 2021-2, Class A1, 1.031% due 2/25/66(b)(c)   141,603 
 745,048   Series 2021-5, Class A1, 1.013% due 9/25/66(b)(c)   640,387 
 775,112   Series 2021-6, Class A1, 1.630% due 10/25/66(b)(c)   677,460 
 132,950   Series 2021-R2, Class A1, 0.918% due 2/25/64(b)(c)   127,081 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 Face Amount/Units    Security  Value  
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)     
Mortgage Securities - (continued)     
$675,714   Series 2022-1, Class A1, step bond to yield, 3.724% due 1/25/67(b)  $635,254 
 3,500,000   Series 2024-R1, Class M1, 5.899% due 9/25/69(b)(c)   3,491,244 
 73,535   VOLT C LLC, Series 2021-NPL9, Class A1, step bond to yield, 5.992% due 5/25/51(b)   73,547 
     Wells Fargo Commercial Mortgage Trust:     
 788,904   Series 2016-BNK1, Class A3, 2.652% due 8/15/49    787,469 
 8,189,804   Series 2017-C38, Class XA, 0.889% due 7/15/50(c)(d)   57,888 
 405,000   Series 2017-C42, Class B, 4.002% due 12/15/50(c)   371,384 
 308,430   Series 2018-C45, Class ASB, 4.147% due 6/15/51    307,747 
 4,324,513   Series 2024-C63, Class XA, 1.002% due 8/15/57(c)(d)   288,412 
 261,000   Series 2025-5C6, Class AS, 5.582% due 10/15/58(c)   265,056 
 255,000   Series 2025-5C7, Class AS, 5.503% due 12/15/58    258,148 
 204,000   Series 2026-5C8, Class A3, 5.034% due 3/15/59    205,382 
 204,000   Series 2026-5C8, Class C, 5.554% due 3/15/59    197,987 
     Total Mortgage Securities    269,687,328 
    

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS

(Cost - $322,446,601)

   276,983,263 
CORPORATE BONDS & NOTES - 17.1%     
Basic Materials - 0.2%     
 141,000   ArcelorMittal SA, Senior Unsecured Notes, 6.000% due 6/17/34(f)   148,477 
 40,000   Arsenal AIC Parent LLC, Senior Secured Notes, 8.000% due 10/1/30(b)   41,911 
 225,000   BHP Billiton Finance USA Ltd., Company Guaranteed Notes, 4.900% due 2/28/33    226,232 
 200,000   CAP SA, Senior Unsecured Notes, 3.900% due 4/27/31    167,940 
     Celanese US Holdings LLC, Company Guaranteed Notes:     
 45,000   6.500% due 4/15/30    46,148 
 40,000   6.750% due 4/15/33    41,267 
 20,000   Chemours Co., Company Guaranteed Notes, 7.875% due 3/15/34(b)   20,287 
 65,000   Cleveland-Cliffs Inc., Company Guaranteed Notes, 6.875% due 11/1/29(b)   66,460 
 200,000   CSN Resources SA, Company Guaranteed Notes, 5.875% due 4/8/32    126,669 
 20,000   FMC Corp., Senior Secured Notes, 8.000% due 6/1/31(b)   20,901 
     Glencore Funding LLC, Company Guaranteed Notes:     
 420,000   5.371% due 4/4/29(b)   428,191 
 50,000   6.375% due 10/6/30(b)   52,952 
 95,000   2.850% due 4/27/31(b)   86,667 
 148,000   5.200% due 7/1/33(b)   148,571 
 60,000   6.500% due 10/6/33(b)   65,088 
 95,000   5.634% due 4/4/34(b)   97,873 
 200,000   Inversiones CMPC SA, Company Guaranteed Notes, 6.700% (5-Year CMT Index + 2.834%) due 12/9/57(b)(c)   197,600 
 200,000   Minsur SA, Senior Unsecured Notes, 4.500% due 10/28/31    190,343 
 35,000   Novelis Corp., Company Guaranteed Notes, 6.875% due 1/30/30(b)   35,963 
 60,000   Nutrien Ltd., Senior Unsecured Notes, 4.850% due 5/29/31    60,115 
 200,000   OCP SA, Senior Unsecured Notes, 6.750% due 5/2/34    210,195 
 35,000   Olin Corp., Senior Unsecured Notes, 6.625% due 4/1/33(b)   34,743 
 200,000   Orbia Advance Corp. SAB de CV, Company Guaranteed Notes, 5.875% due 9/17/44    158,958 
 90,000   Solstice Advanced Materials Inc., Senior Unsecured Notes, 5.625% due 9/30/33(b)   88,980 
 153,000   Suzano Netherlands BV, Company Guaranteed Notes, 5.500% due 1/15/36    148,788 
     Vale Overseas Ltd., Company Guaranteed Notes:     
 121,000   6.400% due 6/28/54    123,641 
 200,000   6.000% (5-Year CMT Index + 2.431%) due 2/25/56(c)   200,580 
 75,000   Volcan Compania Minera SAA, Senior Secured Notes, 8.500% due 10/28/32(b)   77,175 
 65,000   WR Grace Holdings LLC, Senior Unsecured Notes, 5.625% due 8/15/29(b)   62,252 
     Total Basic Materials    3,374,967 
Communications - 2.4%     
 934,000   Airbnb Inc., Senior Unsecured Notes, 5.250% due 3/16/36    934,747 
     Alphabet Inc., Senior Unsecured Notes:     
 35,000   5.350% due 11/15/45    34,177 
 375,000   5.300% due 5/15/65    347,292 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
Face Amount/Units  Security  Value
CORPORATE BONDS & NOTES - (continued)     
Communications - (continued)     
$90,000   5.750% due 2/15/66   $89,305 
 425,000   5.700% due 11/15/75    415,418 
 144,436   Altice France SA, Senior Secured Notes, 6.875% due 7/15/32(b)   141,019 
     Amazon.com Inc., Senior Unsecured Notes:     
 2,310,000   4.550% due 3/13/33    2,285,514 
 715,000   5.950% due 3/13/66    720,367 
 50,000   APLD ComputeCo LLC, Senior Secured Notes, 9.250% due 12/15/30(b)   53,972 
 124,000   AppLovin Corp., Senior Unsecured Notes, 5.375% due 12/1/31    126,200 
     AT&T Inc., Senior Unsecured Notes:     
 1,986,000   2.250% due 2/1/32    1,735,323 
 3,495,000   2.550% due 12/1/33    2,961,401 
 370,000   3.500% due 9/15/53    244,677 
 43,000   6.050% due 8/15/56    42,493 
 110,000   6.300% due 10/30/66    110,461 
 147,000   Bell Telephone Co. of Canada or Bell Canada, Company Guaranteed Notes, 7.000% (5-Year CMT Index + 2.363%) due 9/15/55(c)   151,816 
     CCO Holdings LLC/CCO Holdings Capital Corp., Senior Unsecured Notes:     
 31,000   5.125% due 5/1/27(b)   30,980 
 140,000   4.750% due 3/1/30(b)   132,312 
 120,000   4.750% due 2/1/32(b)   106,980 
 50,000   4.250% due 1/15/34(b)(f)   41,764 
 20,000   7.375% due 2/1/36(b)(f)   19,516 
     Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Notes:     
 165,000   6.550% due 6/1/34    169,290 
 4,055,000   6.384% due 10/23/35    4,081,598 
 196,000   3.500% due 3/1/42    135,032 
 300,000   5.375% due 5/1/47    242,021 
 825,000   5.750% due 4/1/48    694,021 
 335,000   5.125% due 7/1/49    257,733 
 265,000   4.800% due 3/1/50    196,630 
 80,000   4.400% due 12/1/61    51,225 
 75,000   Cipher Compute LLC, Senior Secured Notes, 7.125% due 11/15/30(b)   78,184 
 35,000   Clear Channel Outdoor Holdings Inc., Company Guaranteed Notes, 7.500% due 6/1/29(b)   35,123 
 65,000   Clear Channel Outdoor Holdings Inc., Senior Secured Notes, 7.125% due 2/15/31(b)   67,190 
     Comcast Corp., Company Guaranteed Notes:     
 560,000   3.750% due 4/1/40    455,426 
 50,000   2.800% due 1/15/51    28,897 
 347,000   2.887% due 11/1/51    202,534 
     Cox Communications Inc., Company Guaranteed Notes:     
 25,000   5.450% due 9/1/34(b)   23,863 
 245,000   5.950% due 9/1/54(b)   211,076 
 109,449   Digicel Group Holdings Ltd., Senior Secured Notes, zero coupon, due 12/31/30#(b)   1,972 
 105,000   Directv Financing LLC, Senior Secured Notes, 8.875% due 2/1/30(b)   107,660 
     Directv Financing LLC/Directv Financing Co.-Obligor Inc., Senior Secured Notes:     
 6,000   5.875% due 8/15/27(b)   6,016 
 95,000   9.250% due 6/1/32(b)   97,530 
     Discovery Global Holdings Inc., Company Guaranteed Notes:     
 75,000   4.054% due 3/15/29    71,825 
 35,000   4.279% due 3/15/32    30,930 
 55,000   5.050% due 3/15/42    40,288 
 100,000   DISH DBS Corp., Company Guaranteed Notes, 5.125% due 6/1/29    90,506 
 135,000   DISH DBS Corp., Senior Secured Notes, 5.750% due 12/1/28(b)   132,482 
 20,000   Embarq LLC, Senior Unsecured Notes, 7.995% due 6/1/36    5,400 
 268,000   Expedia Group Inc., Company Guaranteed Notes, 3.800% due 2/15/28    264,968 
 50,000   Flash Compute LLC, Senior Secured Notes, 7.250% due 12/31/30(b)   51,547 
 75,000   Getty Images Inc., Senior Secured Notes, 10.500% due 11/15/30(b)   66,281 
 45,000   Gray Media Inc., Secured Notes, 9.625% due 7/15/32(b)   44,384 
 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 Face Amount/Units    Security  Value  
CORPORATE BONDS & NOTES - (continued)     
Communications - (continued)     
$70,000   Gray Media Inc., Senior Secured Notes, 7.250% due 8/15/33(b)  $69,386 
 320,000   HUT 8 DC LLC, Senior Secured Notes, 6.192% due 11/15/42(b)   323,817 
 20,000   iHeartCommunications Inc., Senior Secured Notes, 9.125% due 5/1/29(b)   19,386 
 200,000   ION Platform Finance US Inc./ION Platform Finance SARL, Senior Secured Notes, 5.000% due 5/1/28(b)   187,114 
 135,000   Lamar Media Corp., Company Guaranteed Notes, 5.375% due 11/1/33(b)   132,969 
 6,000   Level 3 Financing Inc., Company Guaranteed Notes, 3.750% due 7/15/29(b)   5,805 
 90,000   Level 3 Financing Inc., Senior Secured Notes, 6.875% due 6/30/33(b)   92,703 
 150,000   Match Group Holdings II LLC, Senior Unsecured Notes, 5.000% due 12/15/27(b)   149,437 
     McGraw-Hill Education Inc., Senior Secured Notes:     
 60,000   5.750% due 8/1/28(b)   59,651 
 50,000   7.375% due 9/1/31(b)   51,058 
 65,000   Meridian Arc Holdco LLC, Senior Secured Notes, 6.250% due 4/30/31(b)   65,334 
     Meta Platforms Inc., Senior Unsecured Notes:     
 2,220,000   6.200% due 5/15/46    2,244,540 
 45,000   5.625% due 11/15/55    41,494 
 455,000   5.550% due 8/15/64    404,731 
 575,000   5.750% due 11/15/65    526,910 
 1,135,000   6.450% due 5/15/66    1,143,928 
 180,000   Millicom International Cellular SA, Senior Unsecured Notes, 6.250% due 3/25/29    181,270 
     Motorola Solutions Inc., Senior Unsecured Notes:     
 122,000   5.200% due 8/15/32    123,728 
 60,000   5.500% due 9/1/44    58,128 
 65,000   Neptune Bidco US Inc., Senior Secured Notes, 10.375% due 5/15/31(b)   67,904 
 25,000   Nexstar Media Inc., Company Guaranteed Notes, 7.250% due 4/15/34(b)   25,157 
 70,000   Nexstar Media Inc., Senior Secured Notes, 6.500% due 9/15/33(b)   70,558 
 2,940,000   NTT Finance Corp., Senior Unsecured Notes, 5.171% due 7/16/32(b)   2,955,631 
 450,000   Orange SA, Senior Unsecured Notes, 4.250% due 1/13/31(b)   441,200 
 55,000   Outfront Media Capital LLC/Outfront Media Capital Corp., Senior Secured Notes, 7.375% due 2/15/31(b)   57,361 
 55,000   PR RNO Property Owner 1 LLC, Senior Secured Notes, 6.500% due 5/1/31(b)   55,075 
 184,000   QTS Fayetteville I Dc1-2 LLC/QTS TRS Fayetteville I DC1-2 LLC, Senior Secured Notes, 5.700% due 4/15/36(b)   179,104 
 20,000   Radiate Holdco LLC/Radiate Finance Inc., Senior Secured Notes, 4.500% due 9/15/26(b)   19,625 
 980,000   RD Michigan Property Owner I LLC, Senior Secured Notes, 7.500% due 3/30/45(b)   981,967 
 70,000   SE Cosmos LLC, Senior Secured Notes, 8.875% due 5/1/31(b)   73,216 
 75,000   SV RNO Property Owner 1 LLC, Senior Secured Notes, 5.875% due 3/1/31(b)   74,058 
 144,000   TELUS Corp., Junior Subordinated Notes, 7.000% (5-Year CMT Index + 2.709%) due 10/15/55(c)   148,219 
     T-Mobile USA Inc., Company Guaranteed Notes:     
 360,000   2.550% due 2/15/31    327,647 
 4,701,000   2.875% due 2/15/31    4,335,820 
 145,000   5.500% due 1/15/55    135,591 
 93,000   5.250% due 6/15/55    83,656 
 72,000   5.875% due 11/15/55    70,841 
 283,000   Uber Technologies Inc., Senior Unsecured Notes, 4.800% due 9/15/34    276,946 
 55,000   Uniti Group LP/Uniti Group Finance 2019 Inc./CSL Capital LLC, Company Guaranteed Notes, 8.625% due 6/15/32(b)   57,659 
 60,000   Uniti Services LLC, Senior Secured Notes, 7.500% due 10/15/33(b)   63,144 
 90,000   Univision Communications Inc., Senior Secured Notes, 8.500% due 7/31/31(b)   90,606 
 176,000   VeriSign Inc., Senior Unsecured Notes, 5.250% due 6/1/32    178,470 
 123,000   Verizon Communications Inc., Junior Subordinated Notes, 6.200% (5-Year CMT Index + 2.042%) due 5/14/56(c)   124,853 
 182,000   Verizon Communications Inc., Senior Unsecured Notes, 5.750% due 11/30/45    179,444 
 144,000   Videotron Ltd., Company Guaranteed Notes, 5.700% due 1/15/35(b)   145,660 
     Wayfair LLC, Senior Secured Notes:     
 50,000   7.250% due 10/31/29(b)   51,445 
 60,000   6.750% due 11/15/32(b)   60,949 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Communications - (continued)     
$65,000   Windstream Services LLC/Windstream Escrow Finance Corp., Senior Secured Notes, 8.250% due 10/1/31(b)  $68,576 
     Total Communications    35,949,137 
 Consumer Cyclical - 0.4%     
 70,000   Academy Ltd., Senior Secured Notes, 5.875% due 5/15/31(b)   70,432 
 130,000   Acushnet Co., Company Guaranteed Notes, 5.625% due 12/1/33(b)   128,984 
 35,000   Advance Auto Parts Inc., Company Guaranteed Notes, 7.375% due 8/1/33(b)   36,409 
     American Axle & Manufacturing Inc., Company Guaranteed Notes:     
 60,000   5.000% due 10/1/29    58,709 
 45,000   7.750% due 10/15/33(b)   45,124 
 40,000   American Axle & Manufacturing Inc., Senior Secured Notes, 6.375% due 10/15/32(b)   40,149 
 60,000   Ashton Woods USA LLC/Ashton Woods Finance Co., Senior Unsecured Notes, 4.625% due 4/1/30(b)   56,926 
 141,000   AutoZone Inc., Senior Unsecured Notes, 5.125% due 6/15/30    143,299 
 80,000   Beach Acquisition Bidco LLC, Senior Unsecured Notes, 10.000% due 7/15/33(b)(g)   88,468 
     Carnival Corp., Ltd, Company Guaranteed Notes:     
 49,000   5.125% due 5/1/29(b)   48,941 
 130,000   5.750% due 8/1/32(b)   131,324 
 50,000   6.125% due 2/15/33(b)   50,639 
 100,000   Clarios Global LP/Clarios US Finance Co., Company Guaranteed Notes, 6.750% due 9/15/32(b)   102,435 
     Clarios Global LP/Clarios US Finance Co., Senior Secured Notes:     
 140,000   6.750% due 5/15/28(b)   142,574 
 90,000   6.750% due 2/15/30(b)   93,037 
 50,000   Cougar JV Subsidiary LLC, Senior Unsecured Notes, 8.000% due 5/15/32(b)   52,369 
 75,000   Dealer Tire LLC/DT Issuer LLC, Senior Unsecured Notes, 8.000% due 2/1/28(b)   74,107 
 66,350   Dexko Global Inc., Company Guaranteed Notes, 7.500% due 4/15/32(b)(h)   57,379 
 40,000   Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., Company Guaranteed Notes, 6.750% due 1/15/30(b)   39,026 
 85,000   Ford Motor Co., Senior Unsecured Notes, 3.250% due 2/12/32    75,425 
 40,000   Full House Resorts Inc., Senior Secured Notes, 8.250% due 2/15/28(b)(f)   39,100 
 70,000   Gates Corp., Company Guaranteed Notes, 6.875% due 7/1/29(b)   72,067 
 150,000   General Motors Financial Co., Inc., Senior Unsecured Notes, 4.600% due 1/8/31    148,542 
 55,000   Goodyear Tire & Rubber Co., Company Guaranteed Notes, 5.250% due 7/15/31    48,823 
 70,000   Group 1 Automotive Inc., Company Guaranteed Notes, 6.375% due 1/15/30(b)   71,168 
 85,000   Hilton Domestic Operating Co., Inc., Company Guaranteed Notes, 5.750% due 9/15/33(b)   85,753 
 255,000   Hyundai Capital America, Senior Unsecured Notes, 5.300% due 1/8/29(b)   258,615 
 200,000   InRetail Consumer, Senior Secured Notes, 3.250% due 3/22/28    192,934 
 20,000   Installed Building Products Inc., Company Guaranteed Notes, 5.625% due 2/1/34(b)   19,635 
 30,000   JetBlue Airways Corp./JetBlue Loyalty LP, Senior Secured Notes, 9.875% due 9/20/31(b)   27,595 
 40,000   K Hovnanian Enterprises Inc., Company Guaranteed Notes, 8.000% due 4/1/31(b)   40,431 
 85,000   Las Vegas Sands Corp., Senior Unsecured Notes, 5.650% due 5/18/33    85,569 
 30,000   LBM Acquisition LLC, Senior Secured Notes, 9.500% due 6/15/31(b)   25,119 
 175,000   Life Time Inc., Senior Secured Notes, 6.000% due 11/15/31(b)   177,535 
     Light & Wonder International Inc., Company Guaranteed Notes:     
 65,000   7.250% due 11/15/29(b)   66,468 
 100,000   6.250% due 10/1/33(b)   98,893 
 60,000   Lindblad Expeditions LLC, Senior Secured Notes, 7.000% due 9/15/30(b)   61,747 
 81,000   Lowe’s Cos., Inc., Senior Unsecured Notes, 5.625% due 4/15/53    77,864 
     Marriott International Inc., Senior Unsecured Notes:     
 150,000   4.500% due 10/15/31    148,443 
 145,000   5.300% due 5/15/34    146,945 
 80,000   Mattamy Group Corp., Senior Unsecured Notes, 4.625% due 3/1/30(b)   76,730 
 126,000   McDonald’s Corp., Senior Unsecured Notes, 5.450% due 8/14/53    120,369 
 115,000   Michaels Cos., Inc., Senior Secured Notes, 8.500% due 3/15/33(b)   112,274 
     NCL Corp., Ltd, Senior Unsecured Notes:     
 30,000   5.875% due 1/15/31(b)   28,992 
 40,000   6.250% due 9/15/33(b)   38,351 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Consumer Cyclical - (continued)     
$55,000   Newell Brands Inc., Senior Unsecured Notes, 6.375% due 5/15/30(f)  $54,266 
 45,000   Nissan Motor Acceptance Co. LLC, Senior Unsecured Notes, 5.625% due 9/29/28(b)   44,927 
 130,000   Ontario Gaming GTA LP/OTG Co.-Issuer Inc., Senior Secured Notes, 8.000% due 8/1/30(b)   126,067 
 136,000   O’Reilly Automotive Inc., Senior Unsecured Notes, 5.000% due 8/19/34    134,864 
 45,000   Penn Entertainment Inc., Company Guaranteed Notes, 6.750% due 4/1/31(b)   44,812 
 40,000   Qnity Electronics Inc., Company Guaranteed Notes, 6.250% due 8/15/33(b)   40,789 
 50,000   QXO Building Products Inc., Senior Secured Notes, 6.750% due 4/30/32(b)   50,948 
 50,000   Rivers Enterprise Borrower LLC, Senior Secured Notes, 6.250% due 10/15/30(b)   50,395 
 145,000   Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp., Senior Secured Notes, 6.625% due 2/1/33(b)   147,124 
     Royal Caribbean Cruises Ltd., Senior Unsecured Notes:     
 72,000   5.375% due 7/15/27(b)   72,259 
 127,000   5.375% due 1/15/36    126,316 
 25,000   Sabre Financial Borrower LLC, Senior Secured Notes, 11.125% due 6/15/29(b)   26,023 
     Sabre GLBL Inc., Senior Secured Notes:     
 17,000   10.750% due 11/15/29(b)   15,266 
 23,000   10.750% due 3/15/30(b)   20,332 
 60,000   Staples Inc., Senior Secured Notes, 10.750% due 9/1/29(b)   57,083 
 20,000   Starz Capital Holdings LLC, Company Guaranteed Notes, 5.500% due 4/15/29(b)   18,106 
 55,000   Station Casinos LLC, Company Guaranteed Notes, 6.625% due 3/15/32(b)   55,806 
 20,000   SWF Holdings I Corp., Senior Unsecured Notes, 6.500% due 10/1/29(b)   2,563 
 100,000   Taylor Morrison Communities Inc., Company Guaranteed Notes, 5.750% due 11/15/32(b)   100,485 
 135,000   United Airlines Holdings Inc., Company Guaranteed Notes, 5.375% due 3/1/31    133,517 
 45,000   Vail Resorts Inc., Company Guaranteed Notes, 6.500% due 5/15/32(b)   45,845 
 170,000   Victra Holdings LLC/Victra Finance Corp., Senior Secured Notes, 8.750% due 9/15/29(b)   175,830 
 400,000   Viking Cruises Ltd., Company Guaranteed Notes, 5.875% due 10/15/33(b)   400,801 
 81,000   Voyager Parent LLC, Senior Secured Notes, 9.250% due 7/1/32(b)   85,897 
 45,000   Whirlpool Corp., Senior Unsecured Notes, 6.500% due 6/15/33(f)   40,841 
 155,000   Wyndham Hotels & Resorts Inc., Company Guaranteed Notes, 4.375% due 8/15/28(b)   152,834 
     Total Consumer Cyclical    6,029,714 
 Consumer Non-cyclical - 1.3%     
 200,000   1261229 BC Ltd., Senior Secured Notes, 10.000% due 4/15/32(b)   204,763 
 267,000   AbbVie Inc., Senior Unsecured Notes, 4.700% due 5/14/45    238,871 
 219,000   Adani International Container Terminal Pvt Ltd., Senior Secured Notes, 3.000% due 2/16/31(b)   203,555 
 200,000   Adani Ports & Special Economic Zone Ltd., Senior Unsecured Notes, 3.100% due 2/2/31    181,023 
 140,000   Allied Universal Holdco LLC, Senior Secured Notes, 7.875% due 2/15/31(b)   146,370 
 259,000   Amgen Inc., Senior Unsecured Notes, 5.750% due 3/2/63    251,404 
     Augusta SpinCo Corp., Company Guaranteed Notes:     
 285,000   4.656% due 3/23/31    283,378 
 165,000   4.945% due 3/23/33    164,492 
 61,000   5.245% due 3/23/36    60,978 
 179,000   Bacardi Ltd./Bacardi-Martini BV, Senior Unsecured Notes, 5.400% due 6/15/33(b)   178,539 
     BAT Capital Corp., Company Guaranteed Notes:     
 160,000   5.834% due 2/20/31    167,050 
 144,000   5.625% due 8/15/35    148,618 
 178,000   4.540% due 8/15/47    146,708 
 170,000   Bausch + Lomb Corp., Senior Secured Notes, 8.375% due 10/1/28(b)   175,525 
 15,000   Bausch Health Cos., Inc., Company Guaranteed Notes, 5.250% due 1/30/30(b)   9,211 
 158,000   Block Financial LLC, Company Guaranteed Notes, 5.375% due 9/15/32    155,479 
 173,000   Bunge Ltd. Finance Corp., Company Guaranteed Notes, 4.650% due 9/17/34    167,793 
 85,000   Campbell’s Co., Senior Unsecured Notes, 5.400% due 3/21/34    82,522 
     Cardinal Health Inc., Senior Unsecured Notes:     
 390,000   5.000% due 11/15/29    394,889 
 370,000   4.500% due 9/15/30    367,018 
 136,000   4.600% due 3/15/43    118,089 
 20,000   4.500% due 11/15/44    16,896 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Consumer Non-cyclical - (continued)     
$70,000   Centene Corp., Senior Unsecured Notes, 4.625% due 12/15/29   $68,178 
 35,000   CHS/Community Health Systems Inc., Secured Notes, 6.875% due 4/15/29(b)   34,627 
     CHS/Community Health Systems Inc., Senior Secured Notes:     
 70,000   6.000% due 1/15/29(b)   69,300 
 29,000   4.750% due 2/15/31(b)   26,664 
 70,000   CVS Health Corp., Junior Subordinated Notes, 6.750% (5-Year CMT Index + 2.516%) due 12/10/54(c)   72,984 
 130,000   Dcli Bidco LLC, 2nd Mortgage Notes, 7.750% due 11/15/29(b)   133,730 
     Element Fleet Management Corp., Senior Unsecured Notes:     
 148,000   4.800% due 5/29/29(b)   148,243 
 143,000   5.037% due 3/25/30(b)   144,259 
 425,000   4.641% due 11/24/30(b)   420,725 
 152,000   Eli Lilly & Co., Senior Unsecured Notes, 5.600% due 5/20/56    152,458 
 70,000   Encompass Health Corp., Company Guaranteed Notes, 5.875% due 6/1/34(b)   70,433 
 150,000   ERAC USA Finance LLC, Company Guaranteed Notes, 5.250% due 4/30/36(b)   149,927 
 149,020   Fideicomiso PA Pacifico Tres, Senior Secured Notes, 8.250% due 1/15/35    152,328 
 80,000   Garda World Security Corp., Senior Secured Notes, 6.500% due 1/15/31(b)   81,371 
 90,000   Garda World Security Corp., Senior Unsecured Notes, 8.250% due 8/1/32(b)   92,297 
 143,000   GE HealthCare Technologies Inc., Senior Unsecured Notes, 4.800% due 1/15/31    143,364 
 145,000   Graham Holdings Co., Company Guaranteed Notes, 5.625% due 12/1/33(b)   142,416 
     Herc Holdings Inc., Company Guaranteed Notes:     
 50,000   7.000% due 6/15/30(b)   51,954 
 30,000   5.750% due 3/15/31(b)   29,997 
 30,000   6.000% due 3/15/34(b)   29,812 
     Humana Inc., Senior Unsecured Notes:     
 205,000   5.950% due 3/15/34    212,101 
 140,000   5.550% due 5/1/35    140,164 
 122,000   Illumina Inc., Senior Unsecured Notes, 4.750% due 12/12/30    121,726 
 35,000   Industrial F&B Investments III Inc., Senior Secured Notes, 7.750% due 2/11/33(b)   35,701 
 60,000   IQVIA Inc., Company Guaranteed Notes, 6.250% due 6/1/32(b)   61,296 
 50,000   J&F LUXEMBOURG FINANCE SARL, Senior Unsecured Notes, 8.500% due 12/1/32(b)   50,355 
     JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, Senior Unsecured Notes:     
 18,000   6.750% due 3/15/34    19,600 
 201,000   5.625% due 3/10/37(b)   200,397 
 115,000   7.250% due 11/15/53    125,922 
 200,000   6.250% due 3/1/56    195,591 
 560,000   6.375% due 4/15/66    547,299 
 200,000   JSW Infrastructure Ltd., Senior Secured Notes, 4.950% due 1/21/29    198,634 
     Keurig Dr Pepper Inc., Company Guaranteed Notes:     
 155,000   3.950% due 4/15/29    152,184 
 12,000   3.200% due 5/1/30    11,300 
 225,000   4.600% due 5/15/30    224,018 
 431,000   2.250% due 3/15/31    383,401 
 123,000   5.200% due 3/15/31    124,602 
 235,000   4.050% due 4/15/32    224,284 
 229,000   5.300% due 3/15/34    229,292 
 45,000   5.150% due 5/15/35    44,316 
 148,000   Kroger Co., Senior Unsecured Notes, 5.650% due 9/15/64    139,167 
 270,000   Laboratory Corp. of America Holdings, Company Guaranteed Notes, 4.550% due 4/1/32    266,416 
 35,000   LifePoint Health Inc., Senior Secured Notes, 7.000% due 5/1/34(b)   34,176 
 45,000   LifePoint Health Inc., Senior Unsecured Notes, 10.000% due 6/1/32(b)   46,072 
     Mars Inc., Senior Unsecured Notes:     
 115,000   5.000% due 3/1/32(b)   116,205 
 2,585,000   5.200% due 3/1/35(b)   2,602,403 
 740,000   5.650% due 5/1/45(b)   733,765 
 154,000   5.700% due 5/1/55(b)   151,915 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Consumer Non-cyclical - (continued)     
$35,000   Mavis Tire Express Services Topco Corp., Senior Unsecured Notes, 6.500% due 5/15/29(b)  $34,962 
 254,000   Medline Borrower LP, Company Guaranteed Notes, 5.250% due 10/1/29(b)   253,565 
 74,000   Medline Borrower LP/Medline Co.-Issuer Inc., Senior Secured Notes, 5.250% due 6/15/33(b)   74,029 
 184,000   Merck & Co., Inc., Company Guaranteed Notes, 5.700% due 9/15/55    184,337 
 35,000   Performance Food Group Inc., Company Guaranteed Notes, 5.625% due 3/1/34(b)   34,202 
     Philip Morris International Inc., Senior Unsecured Notes:     
 425,000   4.375% due 11/1/27    425,928 
 220,000   5.125% due 2/15/30    224,169 
 105,000   5.125% due 2/13/31    107,303 
 180,000   4.750% due 11/1/31    180,822 
 493,000   5.375% due 2/15/33    507,622 
 129,000   5.250% due 2/13/34    131,389 
 123,000   4.875% due 4/29/36    120,747 
     Post Holdings Inc., Company Guaranteed Notes:     
 85,000   6.375% due 3/1/33(b)   84,755 
 5,000   6.250% due 10/15/34(b)   4,955 
 85,000   Primo Water Holdings Inc./Triton Water Holdings Inc., Company Guaranteed Notes, 6.250% due 4/1/29(b)   85,213 
 196,116   Prumo Participacoes e Investimentos S/A, Senior Secured Notes, 7.500% due 12/31/31    200,041 
 283,000   Quest Diagnostics Inc., Senior Unsecured Notes, 5.000% due 12/15/34    281,935 
 31,664   Radiology Partners Inc., Secured Notes, 9.781% due 2/15/30(b)(g)   30,791 
 50,000   Radiology Partners Inc., Senior Secured Notes, 8.500% due 7/15/32(b)   51,250 
 150,000   Rollins Inc., Company Guaranteed Notes, 5.250% due 2/24/35    149,848 
     Royalty Pharma PLC, Company Guaranteed Notes:     
 129,000   5.150% due 9/2/29    130,922 
 88,000   5.950% due 9/25/55    87,859 
 280,000   Rutas 2 & 7 Finance Ltd., Senior Secured Notes, zero coupon, due 9/30/36#   212,800 
 50,000   Select Medical Corp., Company Guaranteed Notes, 6.250% due 12/1/32(b)   48,688 
 146,000   Solventum Corp., Senior Unsecured Notes, 5.600% due 3/23/34    149,753 
     Tenet Healthcare Corp., Senior Secured Notes:     
 120,000   6.125% due 6/15/30    121,131 
 15,000   5.500% due 11/15/32(b)   14,939 
 15,000   Tenet Healthcare Corp., Senior Unsecured Notes, 6.000% due 11/15/33(b)   15,146 
 147,000   Teva Pharmaceutical Finance Co. LLC, Company Guaranteed Notes, 6.150% due 2/1/36    154,972 
 331,000   Thermo Fisher Scientific Inc., Senior Unsecured Notes, 4.473% due 10/7/32    325,913 
 153,000   Triton Container International Ltd./TAL International Container Corp., Company Guaranteed Notes, 5.150% due 2/15/33    150,491 
 227,000   United Natural Foods Inc., Company Guaranteed Notes, 6.750% due 10/15/28(b)   227,633 
 60,000   United Rentals North America Inc., Company Guaranteed Notes, 5.375% due 11/15/33(b)   59,250 
 45,000   Upbound Group Inc., Company Guaranteed Notes, 6.375% due 2/15/29(b)   44,536 
 145,000   US Foods Inc., Company Guaranteed Notes, 5.750% due 4/15/33(b)   144,793 
 144,000   Verisk Analytics Inc., Senior Unsecured Notes, 5.250% due 6/5/34    144,094 
 40,000   Veritiv Operating Co., Senior Secured Notes, 10.500% due 11/30/30(b)   41,041 
 41,000   Viatris Inc., Company Guaranteed Notes, 3.850% due 6/22/40    32,041 
     VSP Optical Group Inc., Company Guaranteed Notes:     
 62,000   5.400% due 6/1/33(b)   62,055 
 149,000   5.450% due 12/1/35(b)   147,440 
 40,000   VT Topco Inc., Senior Secured Notes, 8.500% due 8/15/30(b)(f)   41,079 
 170,000   Wand NewCo 3 Inc., Senior Secured Notes, 7.625% due 1/30/32(b)   175,836 
 59,000   Zoetis Inc., Senior Unsecured Notes, 4.700% due 2/1/43    52,666 
     Total Consumer Non-cyclical    19,223,481 
Energy - 2.3%     
 210,909   Acu Petroleo Luxembourg SARL, Senior Secured Notes, 7.500% due 1/13/32    216,564 
 161,500   Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd./Wardha Solar Maharash, Senior Secured Notes, 4.625% due 10/15/39    137,006 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Energy - (continued)     
$105,000   Aethon United BR LP/Aethon United Finance Corp., Senior Unsecured Notes, 7.500% due 10/1/29(b)  $109,526 
 250,000   AI Candelaria -spain- SA, Senior Secured Notes, 5.750% due 6/15/33    225,473 
 106,000   Antero Midstream Partners LP/Antero Midstream Finance Corp., Company Guaranteed Notes, 5.750% due 7/1/34(b)   104,727 
 105,000   Archrock Partners LP/Archrock Partners Finance Corp., Company Guaranteed Notes, 6.625% due 9/1/32(b)   107,493 
 123,000   Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor Inc., Company Guaranteed Notes, 5.000% due 6/15/36    121,148 
     BP Capital Markets America Inc., Company Guaranteed Notes:     
 2,790,000   4.812% due 2/13/33    2,787,837 
 2,690,000   4.893% due 9/11/33    2,691,113 
 200,000   BPRL International Singapore Pte Ltd., Company Guaranteed Notes, 4.375% due 1/18/27    199,623 
 90,000   Buckeye Partners LP, Senior Unsecured Notes, 6.875% due 7/1/29(b)   92,786 
 60,000   Caturus Energy LLC, Company Guaranteed Notes, 7.125% due 5/15/31(b)   59,925 
     Cheniere Energy Inc., Senior Unsecured Notes:     
 263,000   4.625% due 10/15/28    262,866 
 288,000   5.650% due 4/15/34    296,608 
 12,000   6.000% due 7/30/56(b)   11,981 
 87,000   Cheniere Energy Partners LP, Company Guaranteed Notes, 6.050% due 11/30/56(b)   87,910 
     Chord Energy Corp., Company Guaranteed Notes:     
 35,000   6.000% due 10/1/30(b)   35,436 
 60,000   6.750% due 3/15/33(b)   61,602 
 125,000   CNX Midstream Partners LP, Company Guaranteed Notes, 4.750% due 4/15/30(b)   120,680 
 50,000   CNX Resources Corp., Company Guaranteed Notes, 5.875% due 3/1/34(b)   49,220 
 87,000   Colonial Enterprises Inc., Company Guaranteed Notes, 5.627% due 11/15/35(b)   87,215 
     Columbia Pipelines Holding Co. LLC, Senior Unsecured Notes:     
 50,000   5.097% due 10/1/31(b)   50,286 
 280,000   4.999% due 11/17/32(b)   278,276 
     ConocoPhillips Co., Company Guaranteed Notes:     
 121,000   3.800% due 3/15/52    89,380 
 245,000   4.025% due 3/15/62    179,473 
 200,000   Cosan Overseas Ltd., Company Guaranteed Notes, 8.250%(i)   198,350 
 20,000   Crescent Energy Finance LLC, Company Guaranteed Notes, 7.875% due 4/15/32(b)   20,499 
     Diamondback Energy Inc., Company Guaranteed Notes:     
 300,000   5.400% due 4/18/34    307,005 
 35,000   6.250% due 3/15/53    36,409 
 150,000   5.900% due 4/18/64    148,489 
 158,000   Eastern Energy Gas Holdings LLC, Senior Unsecured Notes, 5.650% due 10/15/54    150,987 
 300,000   Ecopetrol SA, Senior Unsecured Notes, 5.875% due 11/2/51    218,224 
 74,000   Enbridge Inc., Company Guaranteed Notes, 5.450% due 3/27/36    74,988 
 145,000   Energy Transfer LP, Junior Subordinated Notes, 7.125% (5-Year CMT Index + 5.306%)(c)(i)   149,692 
     Energy Transfer LP, Senior Unsecured Notes:     
 20,000   6.400% due 12/1/30    21,308 
 3,354,000   4.900% due 3/15/35    3,286,702 
 1,683,000   5.950% due 10/1/43    1,660,052 
 111,000   5.000% due 5/15/50    94,526 
 265,000   Eni SpA, Senior Unsecured Notes, 5.250% due 5/18/36(b)   262,576 
 180,000   Equinor ASA, Company Guaranteed Notes, 3.700% due 4/6/50    135,721 
 200,000   Esentia Energy Development SAB de CV, Company Guaranteed Notes, 6.125% due 7/30/33(b)   199,700 
 77,000   Expand Energy Corp., Company Guaranteed Notes, 4.750% due 2/1/32    75,569 
 200,000   Greensaif Pipelines Bidco SARL, Senior Secured Notes, 6.129% due 2/23/38    206,715 
 105,000   Gulfport Energy Operating Corp., Company Guaranteed Notes, 6.750% due 9/1/29(b)   107,733 
     Harvest Midstream I LP, Senior Unsecured Notes:     
 100,000   7.500% due 5/15/32(b)   103,904 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Energy - (continued)     
$60,000   6.750% due 5/15/34(b)  $61,600 
 85,000   Hilcorp Energy I LP/Hilcorp Finance Co., Senior Unsecured Notes, 7.250% due 2/15/35(b)   86,234 
 66,000   Kinder Morgan Energy Partners LP, Company Guaranteed Notes, 6.950% due 1/15/38    74,151 
     Kodiak Gas Services LLC, Company Guaranteed Notes:     
 25,000   6.500% due 10/1/33(b)   25,442 
 25,000   6.750% due 10/1/35(b)   25,694 
     Matador Resources Co., Company Guaranteed Notes:     
 90,000   6.500% due 4/15/32(b)   91,201 
 60,000   6.000% due 4/15/34(b)   59,284 
     MPLX LP, Senior Unsecured Notes:     
 115,000   4.800% due 2/15/31    114,928 
 1,527,000   5.000% due 1/15/33    1,521,184 
 390,000   5.500% due 6/1/34    396,186 
 76,000   5.300% due 4/1/36    75,165 
     Nabors Industries Inc., Company Guaranteed Notes:     
 50,000   9.125% due 1/31/30(b)   52,390 
 65,000   7.625% due 11/15/32(b)   67,759 
 30,000   NGL Energy Operating LLC/NGL Energy Finance Corp., Senior Secured Notes, 8.125% due 2/15/29(b)   31,172 
 62,000   NGPL PipeCo LLC, Senior Unsecured Notes, 5.600% due 8/15/36(b)   62,064 
     ONEOK Inc., Company Guaranteed Notes:     
 65,000   4.750% due 10/15/31    64,612 
 240,000   6.050% due 9/1/33    252,625 
 540,000   5.050% due 11/1/34    531,657 
 80,000   5.700% due 11/1/54    74,588 
 70,000   Par Petroleum LLC, Company Guaranteed Notes, 7.375% due 6/1/34(b)   71,646 
 200,000   Parex Resources Inc., Company Guaranteed Notes, 8.500% due 5/11/31(b)   205,885 
     PBF Holding Co. LLC/PBF Finance Corp., Company Guaranteed Notes:     
 25,000   6.000% due 2/15/28    25,010 
 30,000   7.250% due 6/1/34(b)   29,866 
 136,000   Permian Resources Operating LLC, Company Guaranteed Notes, 6.250% due 2/1/33(b)   139,724 
 133,360   Peru LNG Srl, Senior Unsecured Notes, 5.375% due 3/22/30    130,117 
 200,000   Saudi Arabian Oil Co., Senior Unsecured Notes, 6.375% due 6/2/55(b)   203,719 
 65,000   SM Energy Co., Senior Unsecured Notes, 7.000% due 8/1/32(b)   66,587 
 25,000   Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Company Guaranteed Notes, 6.750% due 3/15/34(b)   25,544 
 65,000   Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Senior Unsecured Notes, 7.375% due 2/15/29(b)   67,106 
 130,000   Targa Resources Corp., Company Guaranteed Notes, 4.350% due 4/15/31    127,345 
 125,000   Targa Resources Partners LP/Targa Resources Partners Finance Corp., Company Guaranteed Notes, 4.000% due 1/15/32    119,156 
 6,275,000   Tennessee Gas Pipeline Co. LLC, Company Guaranteed Notes, 2.900% due 3/1/30(b)   5,888,051 
 74,000   TransCanada PipeLines Ltd., Junior Subordinated Notes, 6.375% (5-Year CMT Index + 2.117%) due 10/17/56(c)   74,729 
 20,000   Transocean International Ltd., Company Guaranteed Notes, 7.875% due 10/15/32(b)   21,338 
     Venture Global LNG Inc., Senior Secured Notes:     
 95,000   8.125% due 6/1/28(b)   97,112 
 50,000   8.375% due 6/1/31(b)   52,029 
 30,000   9.875% due 2/1/32(b)   32,076 
     Venture Global Plaquemines LNG LLC, Senior Secured Notes:     
 50,000   6.125% due 12/15/30(b)   51,358 
 15,000   7.500% due 5/1/33(b)   16,554 
 50,000   6.500% due 1/15/34(b)   52,275 
 52,000   Viper Energy Partners LLC, Company Guaranteed Notes, 4.900% due 8/1/30    51,839 
 50,000   Vista Energy Argentina SAU, Senior Unsecured Notes, 8.500% due 6/10/33(b)   53,250 
 80,000   WBI Operating LLC, Senior Unsecured Notes, 6.500% due 10/15/33(b)   81,021 
 90,000   Weatherford International Ltd., Company Guaranteed Notes, 6.750% due 10/15/33(b)   92,611 
 3,175,000   Western Midstream Operating LP, Company Guaranteed Notes, 7.250% due 4/1/30(b)   3,343,592 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Energy - (continued)     
$75,000   Western Midstream Operating LP, Senior Unsecured Notes, 5.500% due 12/15/35   $74,704 
     Williams Cos., Inc., Senior Unsecured Notes:     
 2,800,000   5.650% due 3/15/33    2,894,608 
 185,000   5.150% due 3/15/36    182,681 
 146,000   5.950% due 3/15/56    145,328 
 35,000   YPF SA, Senior Unsecured Notes, step bond to yield, 7.000% due 9/30/33    35,147 
     Total Energy    34,043,247 
Financial - 6.4%     
 75,000   Acrisure LLC/Acrisure Finance Inc., Senior Secured Notes, 6.750% due 7/1/32(b)   72,424 
 35,000   Acrisure LLC/Acrisure Finance Inc., Senior Unsecured Notes, 6.000% due 8/1/29(b)   32,818 
 196,000   Agree LP, Company Guaranteed Notes, 5.625% due 6/15/34    201,863 
 70,000   Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer, Senior Secured Notes, 6.500% due 10/1/31(b)   70,164 
 190,000   Allstate Corp., Senior Unsecured Notes, 4.500% due 6/15/43    164,370 
 210,000   American Express Co., Senior Unsecured Notes, 5.085% (SOFRRATE + 1.020%) due 1/30/31(c)   213,214 
 184,000   American Express Co., Subordinated Notes, 5.412% (5-Year CMT Index + 1.150%) due 2/8/41(c)   183,595 
     American Tower Corp., Senior Unsecured Notes:     
 1,680,000   3.950% due 3/15/29    1,653,518 
 2,618,000   2.100% due 6/15/30    2,370,875 
 225,000   2.300% due 9/15/31    199,153 
 265,000   5.550% due 7/15/33    273,079 
 104,000   3.700% due 10/15/49    76,231 
 100,000   AmWINS Group Inc., Senior Unsecured Notes, 4.875% due 6/30/29(b)   96,498 
 50,000   Anywhere Real Estate Group LLC/Anywhere Co.-Issuer Corp., Secured Notes, 7.000% due 4/15/30(b)   50,431 
 35,000   Anywhere Real Estate Group LLC/Realogy Co.-Issuer Corp., Company Guaranteed Notes, 5.250% due 4/15/30(b)   33,618 
 40,000   Anywhere Real Estate Group LLC/Realogy Co.-Issuer Corp., Secured Notes, 9.750% due 4/15/30(b)   43,090 
     Ares Strategic Income Fund, Senior Unsecured Notes:     
 265,000   5.800% due 9/9/30(b)   261,246 
 420,000   5.150% due 1/15/31(b)   402,726 
 365,000   5.550% due 4/15/31(b)   355,523 
 79,000   Arthur J Gallagher & Co., Senior Unsecured Notes, 4.850% due 12/15/29    79,662 
 25,000   Asurion LLC/Asurion Co.-Issuer Inc., Secured Notes, 8.375% due 2/1/34(b)   24,434 
 25,000   Asurion LLC/Asurion Co.-Issuer Inc., Senior Secured Notes, 8.000% due 12/31/32(b)   26,070 
 202,000   Athene Global Funding, Secured Notes, 2.550% due 11/19/30(b)   179,818 
 105,000   Athene Global Funding, Senior Secured Notes, 5.526% due 7/11/31(b)   105,596 
 210,000   Athene Holding Ltd., Senior Unsecured Notes, 5.875% due 1/15/34    213,712 
 196,000   Aviation Capital Group LLC, Senior Unsecured Notes, 5.375% due 7/15/29(b)   198,704 
 290,000   Avolon Holdings Funding Ltd., Company Guaranteed Notes, 5.750% due 3/1/29(b)   296,426 
     Azorra Finance Ltd., Company Guaranteed Notes:     
 55,000   7.750% due 4/15/30(b)   57,158 
 70,000   7.250% due 1/15/31(b)   71,533 
 200,000   Banco Davivienda SA, Subordinated Notes, 8.125% (5-Year CMT Index + 4.588%) due 7/2/35(b)(c)   202,619 
 250,000   Banco de Credito del Peru SA, Subordinated Notes, 3.250% (5-Year CMT Index + 2.450%) due 9/30/31(c)   247,475 
 200,000   Banco Internacional del Peru SAA Interbank, Subordinated Notes, 6.397% (5-Year CMT Index + 2.067%) due 4/30/35(c)   204,422 
 200,000   Banco Mercantil del Norte SA/Grand Cayman, Junior Subordinated Notes, 8.375% (5-Year CMT Index + 4.072%)(c)(i)   207,750 
 200,000   Banco Nacional de Mexico SA, Subordinated Notes, 6.697% (5-Year CMT Index + 2.682%) due 8/7/36(b)(c)   199,580 
 150,000   Banco Santander Chile, Senior Unsecured Notes, 4.550% due 11/20/30(b)   148,125 
 200,000   Banco Santander SA, Senior Non-Preferred Notes, 4.867% due 4/15/31    198,858 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Financial - (continued)     
$71,000   Bank of America Corp., Junior Subordinated Notes, 6.625% (5-Year CMT Index + 2.684%)(c)(i)  $73,378 
     Bank of America Corp., Senior Unsecured Notes:     
 4,535,000   1.922% (SOFRRATE + 1.370%) due 10/24/31(c)   4,024,809 
 2,615,000   2.687% (SOFRRATE + 1.320%) due 4/22/32(c)   2,373,922 
 200,000   2.972% (SOFRRATE + 1.330%) due 2/4/33(c)   180,843 
 102,000   5.468% (SOFRRATE + 1.650%) due 1/23/35(c)   104,304 
     Bank of America Corp., Subordinated Notes:     
 124,000   5.744% (SOFRRATE + 1.697%) due 2/12/36(c)   126,767 
 55,000   5.489% (SOFRRATE + 1.572%) due 4/23/37(c)   54,748 
 200,000   Bank of Ireland Group PLC, Senior Unsecured Notes, 4.997% (SOFRRATE + 1.160%) due 11/12/32(b)(c)   199,834 
 250,000   Bank of Montreal, Senior Unsecured Notes, 5.298% (SOFRRATE + 1.208%) due 6/2/37(c)   250,380 
 122,000   Bank of New York Mellon Corp., Junior Subordinated Notes, 5.625% (5-Year CMT Index + 2.034%)(c)(i)   121,375 
     Bank of New York Mellon Corp., Senior Unsecured Notes:     
 365,000   4.026% (SOFRRATE + 0.634%) due 1/22/30(c)   360,883 
 226,000   5.060% (SOFRRATE + 1.230%) due 7/22/32(c)   229,847 
 2,996,000   Bank of Nova Scotia, Senior Unsecured Notes, 4.813% (SOFRRATE + 1.045%) due 2/2/34(c)   2,957,320 
 5,000,000   Barclays PLC, Senior Unsecured Notes, 4.972% (3-Month USD-SOFR + 1.902%) due 5/16/29(c)   5,029,211 
 200,000   BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico/TX, Subordinated Notes, 8.125% (5-Year CMT Index + 4.214%) due 1/8/39(c)   214,696 
     Blackstone Private Credit Fund, Senior Unsecured Notes:     
 190,000   5.950% due 7/16/29    190,187 
 160,000   5.950% due 5/15/31    157,944 
 250,000   BPCE SA, Senior Non-Preferred Notes, 5.773% (SOFRRATE + 1.627%) due 6/2/37(b)(c)   251,404 
 61,000   Brown & Brown Inc., Senior Unsecured Notes, 6.250% due 6/23/55    61,236 
 400,000   CaixaBank SA, Senior Non-Preferred Notes, 4.818% (SOFRRATE + 1.210%) due 4/22/32(b)(c)   397,602 
     Charles Schwab Corp., Senior Unsecured Notes:     
 75,000   4.744% (SOFRRATE + 0.780%) due 5/21/30(c)   75,395 
 75,000   4.343% (SOFRRATE + 0.940%) due 11/14/31(c)   73,886 
 74,000   Citigroup Inc., Junior Subordinated Notes, 6.875% (5-Year CMT Index + 2.890%)(c)(i)   75,477 
     Citigroup Inc., Senior Unsecured Notes:     
 270,000   4.952% (SOFRRATE + 1.463%) due 5/7/31(c)   271,783 
 316,000   4.503% (SOFRRATE + 1.171%) due 9/11/31(c)   312,640 
 6,930,000   2.520% (SOFRRATE + 1.177%) due 11/3/32(c)   6,154,221 
 314,000   3.057% (SOFRRATE + 1.351%) due 1/25/33(c)   284,830 
 90,000   CRC Insurance Group LLC, Senior Secured Notes, 7.125% due 6/1/31(b)   90,253 
 236,000   Equinix Inc., Senior Unsecured Notes, 2.950% due 9/15/51    148,904 
 230,000   Equitable America Global Funding, Secured Notes, 4.700% due 9/15/32(b)   224,131 
 194,000   Essential Properties LP, Company Guaranteed Notes, 5.400% due 12/1/35    192,113 
 141,000   Extra Space Storage LP, Company Guaranteed Notes, 5.400% due 6/15/35    142,358 
 182,000   First Industrial LP, Company Guaranteed Notes, 5.250% due 1/15/31    184,161 
 50,000   Freedom Mortgage Holdings LLC, Senior Unsecured Notes, 8.375% due 4/1/32(b)   50,770 
 300,000   GA Global Funding Trust, Secured Notes, 5.200% due 12/9/31(b)   295,500 
 86,000   Gabx Leasing LLC, Company Guaranteed Notes, 4.625% due 4/15/31(b)   84,876 
 105,000   GGAM Finance Ltd., Company Guaranteed Notes, 6.875% due 4/15/29(b)   107,799 
 285,000   Global Aircraft Leasing Co., Ltd., Senior Secured Notes, 8.750% due 9/1/27(b)   291,289 
     Global Atlantic Finance Co., Company Guaranteed Notes:     
 320,000   3.125% due 6/15/31(b)   286,989 
 15,000   7.950% due 6/15/33(b)   16,666 
 330,000   Globe Life Inc., Senior Unsecured Notes, 4.800% due 6/15/32    325,965 
 122,000   GLP Capital LP/GLP Financing II Inc., Company Guaranteed Notes, 5.625% due 3/1/36    119,765 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Financial - (continued)     
$67,000   Goldman Sachs Group Inc., Junior Subordinated Notes, 6.850% (5-Year CMT Index + 2.461%)(c)(i)  $68,708 
     Goldman Sachs Group Inc., Senior Unsecured Notes:     
 140,000   5.049% (SOFRRATE + 1.210%) due 7/23/30(c)   141,301 
 350,000   4.692% (SOFRRATE + 1.135%) due 10/23/30(c)   349,447 
 245,000   5.207% (SOFRRATE + 1.078%) due 1/28/31(c)   248,247 
 190,000   5.218% (SOFRRATE + 1.580%) due 4/23/31(c)   192,782 
 152,000   4.369% (SOFRRATE + 1.060%) due 10/21/31(c)   148,983 
 23,000   4.516% (SOFRRATE + 0.960%) due 1/21/32(c)   22,645 
 55,000   2.615% (SOFRRATE + 1.281%) due 4/22/32(c)   49,535 
 395,000   4.972% (SOFRRATE + 1.030%) due 6/3/32(c)   395,930 
 870,000   5.094% (SOFRRATE + 1.340%) due 4/20/34(c)   868,180 
 150,000   4.939% (SOFRRATE + 1.330%) due 10/21/36(c)   145,690 
 115,000   5.065% (SOFRRATE + 1.190%) due 1/21/37(c)   112,500 
 154,000   Guardian Life Global Funding, Senior Secured Notes, 4.327% due 10/6/30(b)   152,038 
 70,000   Hightower Holding LLC, Company Guaranteed Notes, 6.750% due 4/15/29(b)   69,831 
     HSBC Holdings PLC, Senior Unsecured Notes:     
 200,000   5.240% (SOFRRATE + 1.570%) due 5/13/31(c)   202,543 
 205,000   4.619% (SOFRRATE + 1.190%) due 11/6/31(c)   202,506 
 350,000   4.675% (SOFRRATE + 1.210%) due 3/10/32(c)   345,466 
 275,000   5.208% (SOFRRATE + 1.320%) due 5/12/34(c)   274,518 
 65,000   HUB International Ltd., Senior Secured Notes, 7.250% due 6/15/30(b)   66,719 
 89,000   Huntington Bancshares Inc., Subordinated Notes, 2.487% (5-Year CMT Index + 1.170%) due 8/15/36(c)   76,725 
 200,000   Industrial Subordinated Trust 2 0, Subordinated Notes, 6.550% (5-Year CMT Index + 2.864%) due 4/15/36(c)   202,700 
 415,000   Intercontinental Exchange Inc., Senior Unsecured Notes, 2.650% due 9/15/40    300,863 
 80,000   Iron Mountain Inc., Company Guaranteed Notes, 7.000% due 2/15/29(b)   81,667 
     JPMorgan Chase & Co., Senior Unsecured Notes:     
 330,000   4.505% (SOFRRATE + 0.860%) due 10/22/28(c)   330,516 
 340,000   5.299% (SOFRRATE + 1.450%) due 7/24/29(c)   345,114 
 355,000   5.581% (SOFRRATE + 1.160%) due 4/22/30(c)   364,061 
 565,000   4.995% (SOFRRATE + 1.125%) due 7/22/30(c)   570,415 
 200,000   5.140% (SOFRRATE + 1.010%) due 1/24/31(c)   203,132 
 775,000   5.103% (SOFRRATE + 1.435%) due 4/22/31(c)   787,880 
 180,000   4.255% (SOFRRATE + 0.930%) due 10/22/31(c)   176,545 
 5,000,000   2.545% (SOFRRATE + 1.180%) due 11/8/32(c)   4,459,587 
 1,975,000   5.336% (SOFRRATE + 1.620%) due 1/23/35(c)   2,004,644 
 75,000   4.946% (SOFRRATE + 1.340%) due 10/22/35(c)   74,039 
 154,000   4.810% (SOFRRATE + 1.190%) due 10/22/36(c)   149,459 
 132,000   JPMorgan Chase & Co., Subordinated Notes, 5.576% (SOFRRATE + 1.635%) due 7/23/36(c)   134,148 
 45,000   LFS Topco LLC, Senior Unsecured Notes, 8.750% due 7/15/30(b)   44,798 
 125,000   Liberty Mutual Group Inc., Company Guaranteed Notes, 5.250% due 5/1/36(b)   123,501 
 74,000   Marsh & McLennan Cos., Inc., Senior Unsecured Notes, 4.950% due 3/15/36    72,871 
 560,000   Morgan Stanley Private Bank N.A., Senior Unsecured Notes, 4.213% (SOFRRATE + 0.762%) due 2/8/30(c)   553,841 
     Morgan Stanley, Senior Unsecured Notes:     
 35,000   5.449% (SOFRRATE + 1.630%) due 7/20/29(c)   35,617 
 305,000   4.238% (SOFRRATE + 0.800%) due 1/9/30(c)   301,647 
 190,000   4.654% (SOFRRATE + 1.100%) due 10/18/30(c)   189,330 
 15,000   5.230% (SOFRRATE + 1.108%) due 1/15/31(c)   15,224 
 1,180,000   2.699% (SOFRRATE + 1.143%) due 1/22/31(c)   1,098,499 
 75,000   4.356% (SOFRRATE + 1.074%) due 10/22/31(c)   73,602 
 165,000   4.708% (SOFRRATE + 1.195%) due 3/12/32(c)   163,490 
 200,000   4.809% (SOFRRATE + 1.180%) due 4/16/32(c)   199,150 
 95,000   5.466% (SOFRRATE + 1.730%) due 1/18/35(c)   96,857 
 3,675,000   5.831% (SOFRRATE + 1.580%) due 4/19/35(c)   3,823,371 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)    
Financial - (continued)    
$3,055,000   5.320% (SOFRRATE + 1.555%) due 7/19/35(c)  $3,085,599 
 105,000   5.296% (SOFRRATE + 1.410%) due 4/10/37(c)   104,716 
     Morgan Stanley, Subordinated Notes:     
 70,000   5.948% (5-Year CMT Index + 2.430%) due 1/19/38(c)   72,431 
 137,000   5.942% (5-Year CMT Index + 1.800%) due 2/7/39(c)   141,603 
     Navient Corp., Senior Unsecured Notes:     
 30,000   5.000% due 3/15/27    29,822 
 30,000   7.875% due 6/15/32    27,905 
 66,000   New York Life Insurance Co., Subordinated Notes, 6.750% due 11/15/39(b)   73,612 
 161,000   Omega Healthcare Investors Inc., Company Guaranteed Notes, 3.375% due 2/1/31    149,543 
     OneMain Finance Corp., Company Guaranteed Notes:     
 45,000   7.500% due 5/15/31    46,391 
 65,000   6.500% due 3/15/33    63,478 
 1,320,000   Ontario Teachers’ Cadillac Fairview Properties Trust, Senior Unsecured Notes, 2.500% due 10/15/31(b)   1,167,723 
 200,000   Oversea-Chinese Banking Corp., Ltd, Subordinated Notes, 4.602% (5-Year CMT Index + 1.575%) due 6/15/32(c)   199,675 
 75,000   Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer, Company Guaranteed Notes, 7.000% due 2/1/30(b)   76,789 
     PennyMac Financial Services Inc., Company Guaranteed Notes:     
 45,000   4.250% due 2/15/29(b)   42,977 
 80,000   7.875% due 12/15/29(b)   83,067 
 35,000   6.875% due 5/15/32(b)   34,268 
 155,000   Phillips Edison Grocery Center Operating Partnership I LP, Company Guaranteed Notes, 5.250% due 8/15/32    157,108 
     PNC Financial Services Group Inc., Senior Unsecured Notes:     
 1,510,000   5.068% (SOFRRATE + 1.933%) due 1/24/34(c)   1,514,562 
 2,100,000   5.676% (SOFRRATE + 1.902%) due 1/22/35(c)   2,168,549 
 96,000   5.373% (SOFRRATE + 1.417%) due 7/21/36(c)   96,940 
 63,000   PNC Financial Services Group Inc., Subordinated Notes, 5.423% (5-Year CMT Index + 1.170%) due 1/25/41(c)   61,917 
 165,000   Principal Financial Group Inc., Company Guaranteed Notes, 5.300% due 1/15/37    164,938 
 146,000   Progressive Corp., Senior Unsecured Notes, 5.150% due 3/26/36    146,073 
     Prologis Targeted US Logistics Fund LP, Company Guaranteed Notes:     
 135,000   4.250% due 1/15/31(b)   132,076 
 300,000   4.750% due 1/15/36(b)   288,234 
 345,000   Realty Income Corp., Senior Unsecured Notes, 4.500% due 2/1/33    336,719 
     RHP Hotel Properties LP/RHP Finance Corp., Company Guaranteed Notes:     
 80,000   6.500% due 6/15/33(b)   82,289 
 60,000   5.750% due 3/15/34(b)   59,525 
 45,000   Rocket Cos., Inc., Company Guaranteed Notes, 6.375% due 8/1/33(b)   45,698 
 304,000   Royal Bank of Canada, Senior Unsecured Notes, 4.305% (SOFRRATE + 0.980%) due 11/3/31(c)   298,981 
 82,000   Sabra Health Care LP, Company Guaranteed Notes, 3.200% due 12/1/31    74,477 
 3,415,000   SBA Tower Trust, Asset Backed, 1.631% due 11/15/26(b)   3,372,480 
 40,000   Service Properties Trust, Company Guaranteed Notes, 8.875% due 6/15/32    41,322 
 60,000   Service Properties Trust, Senior Secured Notes, zero coupon, due 9/30/27#(b)   55,713 
 415,000   Societe Generale SA, Senior Non-Preferred Notes, 5.371% (SOFRRATE + 1.284%) due 5/27/32(b)(c)  419,066 
 75,000   Starwood Property Trust Inc., Company Guaranteed Notes, 5.250% due 10/15/28(b)   74,805 
     Starwood Property Trust Inc., Senior Unsecured Notes:     
 70,000   7.250% due 4/1/29(b)   72,593 
 35,000   6.000% due 4/15/30(b)   35,303 
 27,000   Store Capital LLC, Senior Unsecured Notes, 4.950% due 2/11/31    26,727 
     Synchrony Financial, Senior Unsecured Notes:     
 435,000   5.450% (SOFRRATE + 1.680%) due 3/6/31(c)   435,842 
 30,000   2.875% due 10/28/31    26,454 
 205,000   4.947% (SOFRRATE + 1.530%) due 2/25/32(c)   200,246 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Financial - (continued)    
$270,000   6.000% (SOFRRATE + 2.070%) due 7/29/36(c)  $270,852 
 150,000   Toronto-Dominion Bank, Senior Unsecured Notes, 4.928% due 10/15/35    147,457 
 66,000   Travelers Cos., Inc., Senior Unsecured Notes, 4.600% due 8/1/43    58,794 
     Truist Financial Corp., Senior Unsecured Notes:     
 270,000   5.153% (SOFRRATE + 1.571%) due 8/5/32(c)   273,023 
 3,295,000   5.122% (SOFRRATE + 1.852%) due 1/26/34(c)   3,296,507 
     UBS Group AG, Senior Unsecured Notes:     
 3,400,000   3.091% (SOFRRATE + 1.730%) due 5/14/32(b)(c)   3,121,064 
 1,850,000   2.746% (1-Year CMT Index + 1.100%) due 2/11/33(b)(c)   1,639,251 
 5,160,000   UDR Inc., Company Guaranteed Notes, 3.200% due 1/15/30    4,920,554 
 200,000   United Overseas Bank Ltd., Subordinated Notes, 2.000% (5-Year CMT Index + 1.230%) due 10/14/31(c)   198,081 
 1,145,000   US Bancorp, Senior Unsecured Notes, 4.839% (SOFRRATE + 1.600%) due 2/1/34(c)   1,131,012 
 60,000   Walker & Dunlop Inc., Company Guaranteed Notes, 6.625% due 4/1/33(b)   60,654 
     Wells Fargo & Co., Senior Unsecured Notes:     
 452,000   4.844% (SOFRRATE + 0.970%) due 5/20/32(c)   451,626 
 355,000   3.350% (SOFRRATE + 1.500%) due 3/2/33(c)   326,880 
 5,845,000   5.389% (SOFRRATE + 2.020%) due 4/24/34(c)   5,951,020 
 147,000   5.211% (SOFRRATE + 1.380%) due 12/3/35(c)   147,157 
 83,000   Willis North America Inc., Company Guaranteed Notes, 4.550% due 3/15/31    81,899 
 135,000   XHR LP, Company Guaranteed Notes, 6.625% due 5/15/30(b)   138,164 
     Total Financial    95,699,932 
Industrial - 0.9%     
 70,000   AAR Escrow Issuer LLC, Company Guaranteed Notes, 6.750% due 3/15/29(b)   71,909 
 45,000   Advanced Drainage Systems Inc., Company Guaranteed Notes, 5.375% due 3/1/34(b)   43,839 
 107,000   Amphenol Corp., Senior Unsecured Notes, 5.300% due 11/15/55    101,271 
 141,000   Arrow Electronics Inc., Senior Unsecured Notes, 5.875% due 4/10/34    145,331 
 15,000   Artera Services LLC, Senior Secured Notes, 8.500% due 2/15/31(b)(f)   13,698 
 206,729   Bioceanico Sovereign Certificate Ltd., Senior Secured Notes, zero coupon, due 6/5/34#   171,072 
     Boeing Co., Senior Unsecured Notes:     
 125,000   3.200% due 3/1/29    120,657 
 101,000   2.950% due 2/1/30    95,250 
 300,000   5.150% due 5/1/30    304,767 
 110,000   6.388% due 5/1/31    117,347 
 52,000   5.705% due 5/1/40    53,014 
     Builders FirstSource Inc., Company Guaranteed Notes:     
 65,000   6.375% due 3/1/34(b)   64,945 
 50,000   6.750% due 5/15/35(b)   50,498 
 155,000   Burlington Northern Santa Fe LLC, Senior Unsecured Notes, 5.500% due 3/15/55    150,717 
 155,000   CCL Industries Inc., Senior Unsecured Notes, 3.050% due 6/1/30(b)   145,396 
 200,000   Cemex SAB de CV, Subordinated Notes, 7.200% (5-Year CMT Index + 3.520%)(c)(i)   205,780 
 95,000   Clydesdale Acquisition Holdings Inc., Senior Secured Notes, 6.750% due 4/15/32(b)   91,314 
 77,000   CNH Industrial Capital LLC, Company Guaranteed Notes, 4.375% due 3/7/31    75,484 
 105,000   Columbus McKinnon Corp., Senior Secured Notes, 7.125% due 2/1/33(b)   106,407 
 149,000   CRH America Finance Inc., Company Guaranteed Notes, 4.400% due 2/9/31    147,065 
 314,000   CSX Corp., Senior Unsecured Notes, 3.800% due 11/1/46    243,949 
 115,000   Danaos Corp., Company Guaranteed Notes, 6.875% due 10/15/32(b)   118,632 
 115,000   EMRLD Borrower LP/Emerald Co.-Issuer Inc., Senior Secured Notes, 6.625% due 12/15/30(b)   117,571 
 55,000   Energizer Holdings Inc., Company Guaranteed Notes, 6.000% due 9/15/33(b)   52,426 
 76,000   Flex Ltd., Senior Unsecured Notes, 5.375% due 11/13/35    74,824 
 93,000   GATX Corp., Senior Unsecured Notes, 5.200% due 3/15/44    86,018 
 49,000   GE Vernova Inc., Senior Unsecured Notes, 5.500% due 2/4/56    47,510 
 210,000   Genesee & Wyoming Inc., Senior Secured Notes, 6.250% due 4/15/32(b)   213,164 
 135,000   GFL Environmental Holdings US Inc., Company Guaranteed Notes, 5.500% due 2/1/34(b)   131,852 
 55,000   Goat Holdco LLC, Senior Secured Notes, 6.750% due 2/1/32(b)   55,969 
 30,000   GrafTech Finance Inc., Secured Notes, 4.625% due 12/23/29(b)   20,737 
 115,000   Griffon Corp., Company Guaranteed Notes, 5.750% due 3/1/28    114,974 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Industrial - (continued)     
     Honeywell Aerospace Inc., Company Guaranteed Notes:     
$1,715,000   4.267% (SOFRRATE + 0.630%) due 3/16/29(b)(c)  $1,710,811 
 124,000   4.950% due 3/16/36(b)   122,655 
 62,000   Jabil Inc., Senior Unsecured Notes, 4.750% due 2/1/33    60,621 
 247,000   Jacobs Solutions Inc., Company Guaranteed Notes, 5.375% due 3/3/36    241,798 
 59,000   Kennametal Inc., Senior Unsecured Notes, 5.800% due 5/28/36    59,789 
 218,558   Lima Metro Line 2 Finance Ltd., Senior Secured Notes, 5.875% due 7/5/34    223,102 
 151,000   Lockheed Martin Corp., Senior Unsecured Notes, 5.000% due 8/15/35    152,130 
 145,000   Madison IAQ LLC, Senior Unsecured Notes, 5.875% due 6/30/29(b)   144,983 
 144,000   MasTec Inc., Senior Unsecured Notes, 5.900% due 6/15/29    148,173 
 105,000   Miter Brands Acquisition Holdco Inc./MIWD Borrower LLC, Senior Secured Notes, 6.750% due 4/1/32(b)   103,242 
 157,000   Molex Electronic Technologies LLC, Senior Unsecured Notes, 5.250% due 4/30/32(b)   159,993 
 138,806   MV24 Capital BV, Senior Secured Notes, 6.748% due 6/1/34    140,188 
     Northrop Grumman Corp., Senior Unsecured Notes:     
 120,000   4.650% due 7/15/30    120,507 
 96,000   4.030% due 10/15/47    76,401 
 259,000   5.200% due 6/1/54    240,936 
 72,000   nVent Finance SARL, Company Guaranteed Notes, 5.650% due 5/15/33    74,040 
     Penske Truck Leasing Co. LP/PTL Finance Corp., Senior Unsecured Notes:     
 125,000   6.050% due 8/1/28(b)   128,475 
 279,000   5.250% due 2/1/30(b)   282,736 
 125,000   4.550% due 1/15/31(b)   123,542 
 40,000   PODS LLC, Senior Secured Notes, 8.750% due 5/15/31(b)   38,820 
 85,000   Quikrete Holdings Inc., Senior Unsecured Notes, 6.750% due 3/1/33(b)   86,222 
 95,000   Seaspan Corp., Senior Unsecured Notes, 5.500% due 8/1/29(b)   90,853 
 305,000   Simpar Europe SA, Company Guaranteed Notes, 5.200% due 1/26/31    260,165 
 71,000   Sonoco Products Co., Senior Unsecured Notes, 4.600% due 9/1/29    70,877 
 59,000   Spirit AeroSystems Inc., Company Guaranteed Notes, 4.600% due 6/15/28    58,966 
 65,000   Standard Building Solutions Inc., Company Guaranteed Notes, 5.875% due 3/15/34(b)   63,375 
 50,000   Standard Building Solutions Inc., Senior Unsecured Notes, 6.500% due 8/15/32(b)   50,747 
 20,000   Star Leasing Co. LLC, Secured Notes, 7.625% due 2/15/30(b)   19,382 
 139,000   Textron Inc., Senior Unsecured Notes, 5.500% due 5/15/35    141,710 
 90,000   TransDigm Inc., Company Guaranteed Notes, 6.375% due 5/31/33(b)   90,864 
     TransDigm Inc., Senior Secured Notes:     
 135,000   6.875% due 12/15/30(b)   139,161 
 5,000   6.250% due 1/31/34(b)   5,117 
 10,000   TransDigm Inc., Senior Subordinated Notes, 6.750% due 1/31/34(b)   10,248 
 30,000   Trident TPI Holdings Inc., Company Guaranteed Notes, 12.750% due 12/31/28(b)   30,240 
     Veralto Corp., Company Guaranteed Notes:     
 95,000   5.500% due 9/18/26    95,265 
 73,000   5.450% due 9/18/33    74,830 
 210,000   Veralto Corp., Senior Unsecured Notes, 4.850% due 1/15/32    210,300 
 449,000   Vertiv Group Corp., Senior Secured Notes, 4.125% due 11/15/28(b)   443,556 
 55,000   Vertiv Holdings Co., Senior Unsecured Notes, 5.800% due 3/15/56    54,212 
 119,000   Waste Connections Inc., Senior Unsecured Notes, 5.250% due 9/1/35    121,145 
 110,000   Watco Cos LLC/Watco Finance Corp., Senior Unsecured Notes, 7.125% due 8/1/32(b)   113,325 
     WESCO Distribution Inc., Company Guaranteed Notes:     
 35,000   6.375% due 3/15/33(b)   35,963 
 50,000   5.500% due 4/15/34(b)   49,636 
     Westinghouse Air Brake Technologies Corp., Company Guaranteed Notes:     
 497,000   4.900% due 5/29/30    501,876 
 310,000   5.611% due 3/11/34    319,420 
 2,400,000   WRKCo Inc., Company Guaranteed Notes, 3.900% due 6/1/28    2,371,931 
 182,000   WSP Global Inc., Company Guaranteed Notes, 5.039% due 9/18/31(b)   181,194 
 170,000   XPO Inc., Company Guaranteed Notes, 7.125% due 6/1/31(b)   175,445 
 84,000   Xylem Inc., Senior Unsecured Notes, 5.200% due 6/1/33    85,264 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Industrial - (continued)     
$197,340   Yinson Bergenia Production BV, Senior Secured Notes, 8.498% due 1/31/45(b)  $209,741 
     Total Industrial    14,067,359 
Technology - 0.8%     
 40,000   Amentum Holdings Inc., Company Guaranteed Notes, 7.250% due 8/1/32(b)   41,405 
 85,000   AthenaHealth Group Inc., Senior Unsecured Notes, 6.500% due 2/15/30(b)   81,936 
 265,000   Broadcom Inc., Senior Unsecured Notes, 4.200% due 10/15/30    261,026 
 35,000   CACI International Inc., Company Guaranteed Notes, 6.375% due 6/15/33(b)   35,795 
 50,000   Cloud Software Group Inc., Secured Notes, 9.000% due 9/30/29(b)   49,406 
     Cloud Software Group Inc., Senior Secured Notes:     
 65,000   6.500% due 3/31/29(b)   64,503 
 35,000   6.625% due 8/15/33(b)   31,857 
 65,000   CoreWeave Inc., Company Guaranteed Notes, 9.250% due 6/1/30(b)   66,315 
 67,000   Dell Inc., Senior Unsecured Notes, 6.500% due 4/15/38    72,686 
 45,000   Dell International LLC/EMC Corp., Company Guaranteed Notes, 5.100% due 2/15/36    44,818 
 50,000   Ellucian Holdings Inc., Senior Secured Notes, 6.500% due 12/1/29(b)   49,336 
 595,000   Foundry JV Holdco LLC, Senior Secured Notes, 6.150% due 1/25/32(b)   625,762 
     Intel Corp., Senior Unsecured Notes:     
 40,000   5.200% due 2/10/33    40,576 
 116,000   5.300% due 5/15/36    115,853 
 130,000   4.100% due 5/11/47    100,323 
 370,000   3.734% due 12/8/47    268,262 
 260,000   3.250% due 11/15/49    170,862 
 125,000   4.750% due 3/25/50    104,026 
 125,000   5.050% due 8/5/62    104,961 
 357,000   Kyndryl Holdings Inc., Senior Unsecured Notes, 4.100% due 10/15/41    257,872 
 120,000   Marvell Technology Inc., Company Guaranteed Notes, 5.300% due 4/15/36    120,051 
 25,000   McAfee Corp., Senior Unsecured Notes, 7.375% due 2/15/30(b)   21,378 
     NVIDIA Corp., Senior Unsecured Notes:     
 100,000   2.850% due 4/1/30    94,923 
 445,000   3.500% due 4/1/40    372,314 
 117,000   NXP BV/NXP Funding LLC/NXP USA Inc., Company Guaranteed Notes, 4.850% due 8/19/32    116,193 
 60,000   OAK-Eagle Acquireco Inc., Senior Secured Notes, 7.250% due 7/1/33(b)   62,571 
 30,000   OAK-Eagle Acquireco Inc., Senior Unsecured Notes, 8.750% due 7/1/34(b)   31,705 
     Oracle Corp., Senior Unsecured Notes:     
 840,000   4.800% due 9/26/32    807,165 
 50,000   4.900% due 2/6/33    48,065 
 360,000   5.350% due 5/4/33    354,342 
 106,000   4.300% due 7/8/34    95,936 
 330,000   4.700% due 9/27/34    306,522 
 250,000   3.800% due 11/15/37    202,752 
 874,000   3.600% due 4/1/50    546,294 
 115,000   3.950% due 3/25/51    75,542 
 89,000   5.550% due 2/6/53    73,631 
 141,000   5.375% due 9/27/54    113,048 
 40,000   6.000% due 8/3/55    35,073 
 55,000   5.500% due 9/27/64    43,522 
 100,000   6.125% due 8/3/65    86,634 
 95,000   6.100% due 9/26/65    82,004 
 435,000   6.850% due 2/4/66    416,683 
 162,000   Qorvo Inc., Company Guaranteed Notes, 3.375% due 4/1/31(b)   148,387 
 46,000   Roper Technologies Inc., Senior Unsecured Notes, 4.250% due 9/15/28    45,715 
     Salesforce Inc., Senior Unsecured Notes:     
 4,105,000   5.200% due 3/15/33    4,129,716 
 120,000   6.700% due 3/15/66    124,389 
 285,000   ServiceNow Inc., Senior Unsecured Notes, 5.050% due 5/15/33    286,363 
 160,000   UKG Inc., Senior Secured Notes, 6.875% due 2/1/31(b)   157,235 
     Total Technology    11,585,733 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Utilities - 2.4%     
$200,000   Adani Electricity Mumbai Ltd., Senior Secured Notes, 3.949% due 2/12/30   $189,196 
 127,000   Adani Transmission Step-One Ltd., Senior Secured Notes, 4.250% due 5/21/36    115,384 
     AEP Texas Inc., Senior Unsecured Notes:     
 76,000   5.450% due 5/15/29    77,815 
 54,000   5.200% due 4/15/36    53,139 
     Alabama Power Co., Senior Unsecured Notes:     
 390,000   4.300% due 3/15/31    384,876 
 175,000   3.450% due 10/1/49    123,977 
 74,000   Alliant Energy Corp., Junior Subordinated Notes, 5.750% (5-Year CMT Index + 2.077%) due 4/1/56(c)   73,163 
     Arizona Public Service Co., Senior Unsecured Notes:     
 190,000   5.700% due 8/15/34    197,111 
 302,000   5.900% due 8/15/55    302,664 
 1,100,000   Berkshire Hathaway Energy Co., Senior Unsecured Notes, 5.950% due 5/15/37    1,165,274 
 255,000   Black Hills Corp., Senior Unsecured Notes, 6.000% due 1/15/35    265,842 
 215,000   Brooklyn Union Gas Co., Senior Unsecured Notes, 4.866% due 8/5/32(b)   210,413 
 198,268   Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy, Senior Secured Notes, 7.875% due 2/15/39(b)   209,853 
 257,000   CenterPoint Energy Inc., Senior Unsecured Notes, 5.400% due 6/1/29    263,092 
 87,000   CenterPoint Energy Resources Corp., Senior Unsecured Notes, 1.750% due 10/1/30    77,358 
 194,174   Chile Electricity Lux Mpc II SARL, Government Guaranteed Notes, 5.672% due 10/20/35(b)   197,821 
 172,000   Chile Electricity Lux Mpc SARL, Government Guaranteed Notes, 6.010% due 1/20/33    177,134 
 148,053   Chile Electricity PEC SpA, Senior Secured Notes, zero coupon, due 1/25/28#(b)   135,839 
 100,000   Cleco Corporate Holdings LLC, Senior Unsecured Notes, 3.375% due 9/15/29    94,550 
 71,000   CMS Energy Corp., Junior Subordinated Notes, 6.500% (5-Year CMT Index + 1.961%) due 6/1/55(c)   72,978 
 285,000   Commonwealth Edison Co., 1st Mortgage Notes, 5.950% due 6/1/55    290,326 
     Consolidated Edison Co. of New York Inc., Senior Unsecured Notes:     
 250,000   3.200% due 12/1/51    166,079 
 80,000   5.500% due 3/15/55    76,450 
 185,000   5.750% due 11/15/55    183,107 
 122,000   Constellation Energy Generation LLC, Senior Unsecured Notes, 4.400% due 1/15/31    120,353 
 86,000   Consumers Energy Co., 1st Mortgage Notes, 4.500% due 1/15/31    85,695 
 3,025,000   Dominion Energy Inc., Senior Unsecured Notes, 3.375% due 4/1/30    2,894,764 
 245,000   Duke Energy Carolinas LLC, 1st Mortgage Notes, 5.300% due 2/15/40    243,397 
     Duke Energy Corp., Senior Unsecured Notes:     
 585,000   2.550% due 6/15/31    529,565 
 85,000   5.450% due 6/15/34    87,010 
 385,000   4.950% due 9/15/35    377,874 
 98,000   5.000% due 8/15/52    85,177 
 203,000   5.800% due 6/15/54    197,424 
 65,000   Duke Energy Ohio Inc., 1st Mortgage Notes, 5.550% due 3/15/54    62,581 
     Duke Energy Progress LLC, 1st Mortgage Notes:     
 140,000   5.050% due 3/15/35    140,408 
 110,000   5.550% due 3/15/55    106,964 
     Edison International, Senior Unsecured Notes:     
 210,000   6.250% due 3/15/30    216,509 
 250,000   4.800% due 3/15/31    243,456 
 158,000   Electricite de France SA, Senior Unsecured Notes, 5.250% due 4/22/36(b)   155,370 
 200,000   Empresas Publicas de Medellin ESP, Senior Unsecured Notes, 4.375% due 2/15/31    181,053 
 144,000   Entergy Corp., Junior Subordinated Notes, 7.125% (5-Year CMT Index + 2.670%) due 12/1/54(c)   149,325 
 61,000   Essential Utilities Inc., Senior Unsecured Notes, 5.125% due 3/15/36    60,194 
     Eversource Energy, Senior Unsecured Notes:     
 135,000   4.450% due 12/15/30    132,906 
 195,000   5.125% due 5/15/33    195,171 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Utilities - (continued)     
$198,101   FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, Senior Secured Notes, 7.250% due 1/31/41   $201,529 
 85,000   FirstEnergy Corp., Senior Unsecured Notes, 3.900% due 7/15/27    84,462 
 200,000   Generadora de Gatun SA, Senior Secured Notes, 6.874% due 9/30/44(b)(f)   205,136 
     Georgia Power Co., Senior Unsecured Notes:     
 150,000   4.000% due 10/1/28    148,972 
 235,000   4.550% due 3/15/30    235,131 
 183,000   Hydro One Inc., Senior Unsecured Notes, 4.750% due 5/30/31    183,686 
 271,000   JSW Hydro Energy Ltd., Senior Secured Notes, 4.125% due 5/18/31    254,094 
 60,000   Kentucky Utilities Co., 1st Mortgage Notes, 5.850% due 8/15/55    60,334 
 122,000   Liberty Utilities Co., Senior Unsecured Notes, 5.100% due 5/15/31(b)   121,990 
 200,000   Minejesa Capital BV, Senior Secured Notes, 5.625% due 8/10/37    192,230 
 119,043   Mong Duong Finance Holdings BV, Senior Secured Notes, 5.125% due 5/7/29    117,796 
     National Fuel Gas Co., Senior Unsecured Notes:     
 84,000   5.050% due 10/15/31    84,023 
 60,000   5.950% due 3/15/35    62,294 
 2,108,000   National Rural Utilities Cooperative Finance Corp., Collateral Trust, 5.000% due 8/15/34    2,124,756 
     NextEra Energy Capital Holdings Inc., Company Guaranteed Notes:     
 71,000   6.750% (5-Year CMT Index + 2.457%) due 6/15/54(c)   74,078 
 75,000   5.900% due 3/15/55    74,176 
 70,000   NiSource Inc., Junior Subordinated Notes, 6.950% (5-Year CMT Index + 2.451%) due 11/30/54(c)   72,697 
     NiSource Inc., Senior Unsecured Notes:     
 259,000   3.600% due 5/1/30    249,413 
 284,000   5.350% due 4/1/34    289,923 
 275,000   5.350% due 7/15/35    277,985 
 40,000   5.300% due 5/18/36    40,017 
 120,000   5.850% due 4/1/55    118,816 
     NRG Energy Inc., Company Guaranteed Notes:     
 60,000   6.000% due 2/1/33(b)   60,454 
 35,000   6.125% due 5/15/36(b)   34,924 
 20,000   NRG Energy Inc., Senior Unsecured Notes, 5.750% due 1/15/34(b)   19,783 
 85,000   Oglethorpe Power Corp., 1st Mortgage Notes, 5.050% due 10/1/48    75,461 
     Ohio Edison Co., Senior Unsecured Notes:     
 125,000   4.950% due 12/15/29(b)   126,412 
 70,000   5.500% due 1/15/33(b)   71,965 
 400,000   Ohio Power Co., Senior Unsecured Notes, 5.000% due 6/1/33    399,473 
     Pacific Gas & Electric Co., 1st Mortgage Notes:     
 190,000   4.550% due 7/1/30    187,458 
 785,000   2.500% due 2/1/31    704,678 
 340,000   6.150% due 1/15/33    356,519 
 135,000   6.950% due 3/15/34    147,678 
 205,000   5.800% due 5/15/34    209,828 
 112,000   3.300% due 8/1/40    84,169 
 44,000   4.600% due 6/15/43    36,485 
 95,000   4.750% due 2/15/44    80,424 
 104,000   4.300% due 3/15/45    81,902 
 85,000   3.500% due 8/1/50    56,821 
 188,000   6.750% due 1/15/53    197,655 
 36,000   6.150% due 3/1/55    35,252 
 25,000   6.100% due 10/15/55    24,274 
 280,000   Pacific Gas & Electric Co., Senior Secured Notes, 3.250% due 6/1/31    258,848 
     PacifiCorp, 1st Mortgage Notes:     
 40,000   5.100% due 4/15/31    40,412 
 195,000   5.450% due 4/15/33    198,448 
 80,000   5.800% due 4/15/36    82,295 
 65,000   Pampa Energia SA, Senior Unsecured Notes, 7.750% due 11/14/37(b)   65,390 

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)     
Utilities - (continued)     
     Pinnacle West Capital Corp., Senior Unsecured Notes:     
$118,000   4.900% due 5/15/28   $118,768 
 212,000   5.150% due 5/15/30    215,079 
 99,000   PSEG Power LLC, Senior Unsecured Notes, 5.200% due 5/15/30(b)   100,445 
 355,000   Public Service Co. of Oklahoma, Senior Unsecured Notes, 5.200% due 1/15/35    355,158 
     Public Service Enterprise Group Inc., Senior Unsecured Notes:     
 40,000   6.125% due 10/15/33    42,431 
 620,000   5.400% due 3/15/35    627,393 
 335,000   Puget Energy Inc., Senior Secured Notes, 5.725% due 3/15/35    337,503 
 200,000   Saavi Energia SARL, Senior Unsecured Notes, 8.875% due 2/10/35(b)   217,176 
 1,480,000   Sempra, Junior Subordinated Notes, 4.125% (5-Year CMT Index + 2.868%) due 4/1/52(c)   1,462,433 
     Southern California Edison Co., 1st Mortgage Notes:     
 220,000   5.150% due 6/1/29    222,245 
 52,000   3.900% due 3/15/43    39,702 
 130,000   4.650% due 10/1/43    109,508 
 29,000   4.000% due 4/1/47    21,623 
 638,000   4.125% due 3/1/48    480,007 
 181,000   5.450% due 6/1/52    161,152 
 233,000   5.700% due 3/1/53    214,524 
     Southern California Gas Co., 1st Mortgage Notes:     
 3,315,000   5.750% due 6/1/53    3,249,615 
 210,000   6.000% due 6/15/55    213,848 
     Southern Co. Gas Capital Corp., Company Guaranteed Notes:     
 49,000   4.050% due 9/15/28    48,688 
 305,000   5.100% due 9/15/35    302,515 
 47,000   Southern Co., Junior Subordinated Notes, 6.375% (5-Year CMT Index + 2.069%) due 3/15/55(c)   48,110 
     Southern Co., Senior Unsecured Notes:     
 30,000   4.850% due 6/15/28    30,238 
 130,000   4.850% due 3/15/35    126,973 
 370,000   Southern Power Co., Senior Unsecured Notes, 4.900% due 10/1/35    360,712 
     Southwestern Electric Power Co., Senior Unsecured Notes:     
 2,570,000   5.300% due 4/1/33    2,608,096 
 85,000   5.200% due 4/1/36    83,951 
 130,000   5.900% due 4/1/56    127,868 
 120,500   Star Energy Geothermal Wayang Windu Ltd., Senior Secured Notes, 6.750% due 4/24/33    123,175 
 40,000   Talen Energy Supply LLC, Company Guaranteed Notes, 6.250% due 2/1/34(b)   39,853 
 280,000   Trans-Allegheny Interstate Line Co., Senior Unsecured Notes, 5.000% due 1/15/31(b)   282,725 
     Virginia Electric & Power Co., Senior Unsecured Notes:     
 415,000   5.000% due 1/15/34    416,630 
 450,000   4.900% due 9/15/35    443,447 
 555,000   4.950% due 3/15/36    545,534 
 25,000   4.200% due 5/15/45    20,574 
 98,000   5.550% due 8/15/54    94,602 
 60,000   5.600% due 9/15/55    58,286 
     Vistra Operations Co. LLC, Company Guaranteed Notes:     
 301,000   4.375% due 5/1/29(b)   295,185 
 74,000   5.550% due 4/30/36(b)   73,693 
 50,000   VoltaGrid LLC, Secured Notes, 7.375% due 11/1/30(b)   52,065 
 104,000   WEC Energy Group Inc., Junior Subordinated Notes, 5.625% (5-Year CMT Index + 1.905%) due 5/15/56(c)   103,428 
 200,000   WEC Energy Group Inc., Senior Unsecured Notes, 4.750% due 1/15/28    200,956 
 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
CORPORATE BONDS & NOTES - (continued)  
Utilities - (continued)  
        Xcel Energy Inc., Senior Unsecured Notes:        
 $   50,000     4.600% due 6/1/32   $   49,181  
    340,000     5.600% due 4/15/35       347,885  
        Total Utilities       35,352,163  
        TOTAL CORPORATE BONDS & NOTES        
        (Cost - $258,469,593)       255,325,733  
ASSET-BACKED SECURITIES - 8.9%  
Automobile ABS - 2.1%  
    215,000     American Credit Acceptance Receivables Trust, Series 2026-2, Class B, 4.500% due 10/8/30(b)       214,540  
    1,000,000     Chase Auto Owner Trust, Series 2024-5A, Class A4, 4.150% due 3/25/30(b)       995,153  
    190,000     Credit Acceptance Auto Loan Trust, Series 2026-1A, Class A, 4.650% due 4/15/36(b)       189,432  
    519,439     Enterprise Fleet Financing LLC, Series 2024-3, Class A2, 5.310% due 4/20/27(b)       520,195  
    237,205     Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.670% due 8/15/28       237,333  
        Ford Credit Auto Lease Trust:        
    3,565,280     Series 2024-B, Class A3, 4.990% due 12/15/27       3,575,297  
    1,565,000     Series 2026-A, Class B, 4.200% due 2/15/30       1,552,859  
        Ford Credit Auto Owner Trust:        
  3,350,000     Series 2023-B, Class B, 5.560% due 3/15/29     3,381,634  
    2,405,000     Series 2023-B, Class C, 5.710% due 12/15/30       2,429,368  
    4,330,000     Series 2024-B, Class B, 5.230% due 5/15/30       4,381,302  
        GM Financial Consumer Automobile Receivables Trust:        
    2,455,000     Series 2023-2, Class B, 4.820% due 10/16/28       2,466,991  
    1,500,000     Series 2023-2, Class C, 5.210% due 12/18/28       1,511,239  
    1,555,000     Series 2023-3, Class B, 5.720% due 1/16/29       1,573,725  
    2,290,000     Series 2023-3, Class C, 5.920% due 2/16/29       2,321,823  
    1,630,000     LAD Auto Receivables Trust, Series 2026-2A, Class A3, 4.330% due 8/15/31(b)       1,626,144  
    425,000     Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-CA, Class C, 4.440% due 8/20/30(b)       420,890  
    3,663,925     Wheels Fleet Lease Funding 1 LLC, Series 2024-2A, Class A1, 4.870% due 6/21/39(b)       3,686,202  
    130,000     Yamaha Motor Master Trust II, Series 2026-A, Class A1, 4.430% due 4/15/31(b)       129,365  
        Total Automobile ABS       31,213,492  
Credit Card ABS - 0.1%  
    1,430,000     Synchrony Card Funding LLC, Series 2023-A2, Class A, 5.740% due 10/15/29       1,438,835  
Home Equity ABS - 1.1%  
    1,227,083     Asset Backed Securities Corp. Home Equity Loan Trust, Series 2007-HE2, Class A4, 3.929% (1-Month TSFR + 0.344%) due 5/25/37(c)       881,036  
    3,982,837     C-BASS Trust, Series 2006-CB9, Class A4, 4.159% (1-Month TSFR + 0.574%) due 11/25/36(c)       1,825,173  
    192,242     COOPR Residential Mortgage Trust, Series 2026-CES1, Class A1A, step bond to yield, 4.874% due 2/25/61(b)       190,405  
    3,809,760     Credit-Based Asset Servicing & Securitization LLC, Series 2006-CB4, Class AV4, 3.072% (1-Month TSFR + 0.594%) due 5/25/36(c)       2,635,288  
    151,600     FIGRE Trust, Series 2026-HE1, Class A, 4.982% due 1/25/56(b)(c)       149,650  
    6,630,162     Merrill Lynch Mortgage Investors Trust, Series 2006-HE6, Class A1, 3.979% (1-Month TSFR + 0.394%) due 11/25/37(c)       3,146,833  
    4,000,000     New Century Home Equity Loan Trust, Series 2005-B, Class M2, 4.434% (1-Month TSFR + 0.849%) due 10/25/35(c)       3,608,382  
    164,600     OBX Trust, Series 2026-CES1, Class A1A, step bond to yield, 5.192% due 4/25/56(b)       164,111  
    8,610,614     Structured Asset Investment Loan Trust, Series 2006-4, Class A5, 4.319% (1-Month TSFR + 0.734%) due 7/25/36(c)       3,151,293  
        Total Home Equity ABS       15,752,171  
Other ABS - 5.0%  
    2,392,000     AMSR Trust, Series 2024-SFR1, Class B, step bond to yield, 4.290% due 7/17/41(b)       2,321,518  
    371,564     Auxilior Term Funding LLC, Series 2024-1A, Class A3, 5.490% due 7/15/31(b)       375,662  
    750,000     Avant Loans Funding Trust, Series 2024-REV1, Class A, 5.920% due 10/15/33(b)       750,456  
    117,354     BHG Securitization Trust, Series 2021-B, Class B, 1.670% due 10/17/34(b)       116,968  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
ASSET-BACKED SECURITIES - (continued)  
Other ABS - (continued)  
$   86,354     Blue Owl Asset Leasing Trust LLC, Series 2024-1A, Class A2, 5.050% due 3/15/29(b)   $   86,527  
        CF Hippolyta Issuer LLC:        
    278,391     Series 2020-1, Class A1, 1.690% due 7/15/60(b)       232,570  
    119,582     Series 2021-1A, Class A1, 1.530% due 3/15/61(b)       95,162  
    108,381     Series 2021-1A, Class B1, 1.980% due 3/15/61(b)       62,858  
    179,298     Series 2022-1A, Class A1, 5.970% due 8/15/62(b)       178,567  
        CNH Equipment Trust:        
    121,345     Series 2024-C, Class A2A, 4.300% due 2/18/28       121,366  
    2,670,000     Series 2024-C, Class A3, 4.030% due 1/15/30       2,667,576  
    2,335,000     Series 2026-A, Class A4, 4.140% due 7/15/33       2,306,550  
    2,190,000     Series 2026-B, Class A3, 4.590% due 9/15/31       2,194,737  
    157,830     Commercial Equipment Finance LLC, Series 2024-1A, Class A, 5.970% due 7/16/29(b)       158,637  
        Compass Datacenters Issuer II LLC:        
    1,600,000     Series 2024-1A, Class A1, 5.250% due 2/25/49(b)       1,611,037  
    1,210,000     Series 2025-2A, Class A1, 4.926% due 11/25/50(b)       1,186,977  
    250,000     CyrusOne Data Centers Issuer I LLC, Series 2024-2A, Class A2, 4.500% due 5/20/49(b)       242,652  
    318,970     DB Master Finance LLC, Series 2021-1A, Class A23, 2.791% due 11/20/51(b)       283,011  
        Domino’s Pizza Master Issuer LLC:        
    974,400     Series 2019-1A, Class A2, 3.668% due 10/25/49(b)       935,460  
  1,248,690     Series 2021-1A, Class A2I, 2.662% due 4/25/51(b)     1,185,939  
    500,000     ExteNet Issuer LLC, Series 2024-1A, Class B, 6.150% due 7/25/54(b)       502,998  
    235,313     Gilead Aviation LLC, Series 2025-1A, Class A, 5.789% due 3/15/50(b)       235,200  
    1,357,279     GoodLeap Sustainable Home Solutions Trust, Series 2021-5CS, Class C, 3.500% due 10/20/48(b)       513,571  
    331,303     Hilton Grand Vacations Trust, Series 2025-3EXT, Class B, 4.900% due 10/25/44(b)       328,814  
        Home Partners of America Trust:        
    1,572,585     Series 2021-1, Class D, 2.477% due 9/17/41(b)       1,423,409  
    718,341     Series 2021-1, Class E, 2.577% due 9/17/41(b)       648,467  
    827,549     Series 2021-1, Class F, 3.325% due 9/17/41(b)       746,001  
    1,903,683     Horizon Aircraft Finance III Ltd., Series 2019-2, Class A, 3.425% due 11/15/39(b)       1,872,272  
    458,350     Horizon Aircraft Finance IV Ltd., Series 2024-1, Class A, 5.375% due 9/15/49(b)       452,625  
    1,725,000     HPEFS Equipment Trust, Series 2024-2A, Class B, 5.350% due 10/20/31(b)       1,734,762  
        John Deere Owner Trust:        
    1,950,000     Series 2023-B, Class A4, 5.110% due 5/15/30       1,963,486  
    2,400,000     Series 2023-C, Class A4, 5.390% due 8/15/30       2,425,868  
    6,900,000     Series 2024-A, Class A4, 4.910% due 2/18/31       6,963,462  
    2,685,286     Kubota Credit Owner Trust, Series 2024-1A, Class A3, 5.190% due 7/17/28(b)       2,703,843  
    2,915,000     PFS Financing Corp., Series 2023-C, Class A, 5.520% due 10/15/28(b)       2,930,175  
    494,169     Phantom Aviation, Series 2026-1A, Class A, 5.240% due 1/15/51(b)       481,086  
        Progress Residential Trust:        
    232,934     Series 2022-SFR5, Class A, 4.451% due 6/17/39(b)       232,120  
    1,051,138     Series 2022-SFR6, Class A, 4.451% due 7/20/39(b)       1,046,005  
    537,015     Series 2023-SFR1, Class A, 4.300% due 3/17/40(b)       531,307  
    464,216     Series 2024-SFR2, Class A, 3.300% due 4/17/41(b)       444,303  
    750,000     Series 2025-SFR4, Class A, 4.300% due 8/17/42(b)       733,590  
    295,000     Series 2026-SFR1, Class B, 4.000% due 2/17/43(b)       278,302  
        Retained Vantage Data Centers Issuer LLC:        
    1,040,000     Series 2023-1A, Class A2A, 5.000% due 9/15/48(b)       1,032,347  
    500,000     Series 2023-1A, Class B, 5.750% due 9/15/48(b)       492,566  
    560,000     Series 2024-1A, Class A2, 4.992% due 9/15/49(b)       546,618  
    165,000     Sabey Data Center Issuer LLC, Series 2024-1, Class A2, 6.000% due 4/20/49(b)       165,770  
    264,367     SCF Equipment Leasing LLC, Series 2024-1A, Class A3, 5.520% due 1/20/32(b)       267,785  
    520,000     SoFi Consumer Loan Program Trust, Series 2026-2, Class A, 4.270% due 3/25/36(b)       519,908  
        Stack Infrastructure Issuer LLC:        
    590,000     Series 2023-2A, Class A2, 5.900% due 7/25/48(b)       590,439  
    320,000     Series 2024-1A, Class A2, 5.900% due 3/25/49(b)       322,144  
    492,500     Subway Funding LLC, Series 2024-1A, Class A23, 6.505% due 7/30/54(b)       486,781  
    1,527,087     Sunrun Demeter Issuer LLC, Series 2021-2A, Class A, 2.270% due 1/30/57(b)       1,395,056  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
ASSET-BACKED SECURITIES - (continued)  
Other ABS - (continued)  
$   1,000,000     Switch ABS Issuer LLC, Series 2024-2A, Class B, 6.200% due 6/25/54(b)   $ 977,840  
    1,473,750     Taco Bell Funding LLC, Series 2021-1A, Class A23, 2.542% due 8/25/51(b)       1,286,373  
        Tricon Residential Trust:        
    891,516     Series 2025-SFR2, Class A, 5.200% due 8/17/44(b)       886,201  
    553,650     Series 2026-SFR1, Class A, 4.728% (1-Month TSFR + 1.100%) due 2/17/43(b)(c)       552,959  
    1,240,000     Tricon Trust, Series 2026-SFR2, Class A, 4.903% (1-Month TSFR + 1.300%) due 6/17/43(c)       1,239,966  
    388,436     Upstart Securitization Trust, Series 2025-4, Class A2, 4.560% due 11/20/35(b)       388,440  
    670,000     VB-S1 Issuer LLC - VBTEL, Series 2024-1A, Class C2, 5.590% due 5/15/54(b)       675,192  
        Verizon Master Trust:        
    2,915,000     Series 2024-7, Class B, 4.600% due 8/20/32(b)       2,900,943  
    2,695,000     Series 2024-8, Class B, 4.820% due 11/20/30       2,707,418  
    1,055,000     Series 2024-8, Class C, 4.990% due 11/20/30       1,058,803  
    1,970,000     Series 2025-1, Class B, 4.940% due 1/21/31       1,982,753  
    5,834,000     Series 2025-9, Class B, 4.240% due 10/21/30       5,815,161  
    933,625     Wendy’s Funding LLC, Series 2022-1A, Class A2I, 4.236% due 3/15/52(b)       906,162  
    985,000     Wingstop Funding LLC, Series 2020-1A, Class A2, 2.841% due 12/5/50(b)       956,545  
    685,000     Zayo Issuer LLC, Series 2025-1A, Class A2, 5.648% due 3/20/55(b)       690,386  
        Total Other ABS       75,150,452  
Student Loan ABS - 0.0%  
        Navient Private Education Refi Loan Trust:        
  240,241     Series 2021-EA, Class A, 0.970% due 12/16/69(b)     215,622  
    382,784     Series 2021-FA, Class A, 1.110% due 2/18/70(b)       340,118  
        Total Student Loan ABS       555,740  
WL Collateral CMO - 0.6%  
    4,614,760     First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A1, 3.979% (1-Month TSFR + 0.394%) due 3/25/37(c)       2,439,712  
        PRET LLC:        
    1,189,656     Series 2025-NPL11, Class A1, step bond to yield, 5.193% due 10/25/55(b)       1,190,867  
    611,592     Series 2025-NPL14, Class A1, step bond to yield, 5.265% due 12/25/55(b)       599,402  
    953,372     Series 2025-NPL6, Class A1, step bond to yield, 5.744% due 6/25/55(b)       954,214  
    1,491,163     Series 2025-NPL7, Class A1, step bond to yield, 5.657% due 7/25/55(b)       1,493,019  
    576,362     Series 2025-NPL8, Class A1, step bond to yield, 5.732% due 8/25/55(b)       577,414  
    214,201     Series 2026-NPL1, Class A1, step bond to yield, 5.180% due 1/25/56(b)       212,593  
    1,108,042     Series 2026-NPL2, Class A1, step bond to yield, 5.074% due 2/25/56(b)       1,099,034  
    55,158     VOLT CII LLC, Series 2021-NP11, Class A1, step bond to yield, 5.868% due 8/25/51(b)       55,168  
    11,060     VOLT XCV LLC, Series 2021-NPL4, Class A1, step bond to yield, 6.240% due 3/27/51(b)       11,064  
        Total WL Collateral CMO       8,632,487  
       

TOTAL ASSET-BACKED SECURITIES

(Cost - $142,527,870)

       132,743,177  
COLLATERALIZED LOAN OBLIGATIONS - 1.9%  
Commercial MBS - 0.5%  
    350,000     Acore Issuer LLC, Series 2026-FL1, Class A, 5.053% (1-Month TSFR + 1.450%) due 8/20/43(b)(c)       350,619  
    190,000     ACRES LLC, Series 2025-FL3, Class A, 5.244% (1-Month TSFR + 1.619%) due 8/18/40(b)(c)       190,459  
    260,000     Arbor Realty Commercial Real Estate Notes LLC, Series 2025-FL1, Class A, 4.957% (1-Month TSFR + 1.354%) due 1/20/43(b)(c)       260,461  
    640,000     AREIT, Series 2025-CRE11, Class A, 5.175% (1-Month TSFR + 1.550%) due 7/25/43(b)(c)       641,824  
    14,250     AREIT Ltd., Series 2024-CRE9, Class A, 5.314% (1-Month TSFR + 1.686%) due 5/17/41(b)(c)       14,255  
        BDS LLC:        
    341,133     Series 2024-FL13, Class A, 5.189% (1-Month TSFR + 1.576%) due 9/19/39(b)(c)       341,774  
    730,000     Series 2026-FL17, Class A, 5.000% (1-Month TSFR + 1.350%) due 5/19/43(b)(c)       730,192  
        BRSP Ltd.:        
    357,000     Series 2024-FL2, Class A, 5.558% (1-Month TSFR + 1.945%) due 8/19/37(b)(c)       357,231  
    410,000     Series 2026-FL3, Class A, 5.063% (1-Month TSFR + 1.450%) due 8/19/43(b)(c)       410,533  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
COLLATERALIZED LOAN OBLIGATIONS - (continued)  
Commercial MBS - (continued)  
$   410,000     BXMT Ltd., Series 2026-FL6, Class A, 5.063% (1-Month TSFR + 1.450%) due 8/19/43(b)(c)   $   410,115  
    87,437     FS Rialto, Series 2021-FL2, Class A, 5.210% (1-Month TSFR + 1.584%) due 5/16/38(b)(c)       87,354  
    390,000     FS Rialto Issuer LLC, Series 2026-FL11, Class A, 5.063% (1-Month TSFR + 1.450%) due 1/19/44(b)(c)       390,807  
    276,983     GPMT Ltd., Series 2021-FL4, Class A, 5.043% (1-Month TSFR + 1.464%) due 12/15/36(b)(c)       277,147  
    770,000     GS REFT Issuer Ltd., Series 2026-FL1, Class A, 5.113% (1-Month TSFR + 1.500%) due 4/19/43(b)(c)       772,167  
    320,000     LoanCore 2025 Issuer LLC, Series 2025-CRE8, Class A, 5.010% (1-Month TSFR + 1.385%) due 8/17/42(b)(c)       320,037  
    360,000     MF1, Series 2024-FL15, Class A, 5.313% (1-Month TSFR + 1.688%) due 8/18/41(b)(c)       361,017  
        MF1 LLC:        
    210,348     Series 2022-FL9, Class A, 5.763% (1-Month TSFR + 2.150%) due 6/19/37(b)(c)       210,346  
    264,000     Series 2025-FL17, Class A, 4.945% (1-Month TSFR + 1.320%) due 2/18/40(b)(c)       264,343  
    420,000     Series 2026-FL21, Class ASFX, 5.123% due 2/18/41(b)       414,985  
        MF1 Ltd.:        
    70,058     Series 2021-FL7, Class A, 4.820% (1-Month TSFR + 1.194%) due 10/16/36(b)(c)       70,065  
    46,413     Series 2022-FL8, Class A, 4.963% (1-Month TSFR + 1.350%) due 2/19/37(b)(c)       46,413  
  410,000     PFP Ltd., Series 2026-13, Class A, 5.113% (1-Month TSFR + 1.500%) due 8/18/43(b)(c)     411,177  
        Total Commercial MBS       7,333,321  
Other ABS - 1.4%  
    500,000     Apidos CLO XXXIX Ltd., Series 2022-39A, Class A1R, 4.902% (3-Month TSFR + 1.230%) due 10/21/38(b)(c)       500,717  
    500,000     Balboa Bay Loan Funding Ltd., Series 2025-2A, Class A1, 4.925% (3-Month TSFR + 1.250%) due 1/20/39(b)(c)       499,975  
    500,000     Benefit Street Partners CLO XXXII Ltd., Series 2023-32A, Class AR, 4.877% (3-Month TSFR + 1.210%) due 10/25/38(b)(c)       500,840  
    500,000     Brant Point CLO Ltd., Series 2024-5A, Class D1, 6.775% (3-Month TSFR + 3.100%) due 10/20/37(b)(c)       501,253  
    500,000     Carlyle US CLO, Series 2024-4A, Class D, 6.875% (3-Month TSFR + 3.200%) due 7/20/37(b)(c)       501,208  
    500,000     Carlyle US CLO Ltd., Series 2018-4A, Class D1R, 6.780% (3-Month TSFR + 3.100%) due 10/17/37(b)(c)       499,955  
        CBAMR Ltd.:        
    1,495,000     Series 2017-2A, Class BR, 5.792% (3-Month TSFR + 2.112%) due 7/17/34(b)(c)       1,495,000  
    1,495,000     Series 2017-2A, Class BRR, 0.000% (3-Month TSFR + 1.650%) due 4/17/39#(b)(c)(h)       1,495,000  
    1,000,000     Cedar Funding XIX CLO Ltd., Series 2024-19A, Class D1, 6.666% (3-Month TSFR + 3.000%) due 1/23/38(b)(c)       999,907  
    500,000     CIFC Funding Ltd., Series 2018-2A, Class D1R, 6.725% (3-Month TSFR + 3.050%) due 10/20/37(b)(c)       499,977  
        Clover CLO LLC:        
    500,000     Series 2018-1A, Class A1R3, 4.970% (3-Month TSFR + 1.310%) due 4/20/37(b)(c)       501,154  
    500,000     Series 2021-3A, Class DR, 6.217% (3-Month TSFR + 2.550%) due 1/25/35(b)(c)       489,482  
    500,000     Eldridge CLO Ltd., Series 2025-1A, Class A1, 5.005% (3-Month TSFR + 1.330%) due 10/20/38(b)(c)       501,203  
    655,000     Elmwood CLO 23 Ltd., Series 2023-2A, Class BR, 5.430% (3-Month TSFR + 1.750%) due 4/16/36(c)       655,000  
    500,000     Empower CLO Ltd., Series 2023-2A, Class AR, 4.993% (3-Month TSFR + 1.320%) due 10/15/38(b)(c)       501,197  
    500,000     Jamestown CLO XII Ltd., Series 2019-1A, Class ARR, 5.045% (3-Month TSFR + 1.370%) due 3/20/38(b)(c)       501,928  
    500,000     Magnetite XXIII Ltd., Series 2019-23A, Class AR2, 4.657% (3-Month TSFR + 0.990%) due 1/25/35(b)(c)       498,951  
    500,000     Magnetite XXXV Ltd., Series 2022-35A, Class A1RR, 4.867% (3-Month TSFR + 1.200%) due 1/25/39(b)(c)     499,252  
    500,000     Octagon Investment Partners 51 Ltd., Series 2021-1A, Class AR, 4.665% (3-Month TSFR + 0.990%) due 7/20/34(b)(c)       499,100  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
COLLATERALIZED LOAN OBLIGATIONS - (continued)  
Other ABS - (continued)  
$   1,000,000     OHA Credit Funding 2 Ltd., Series 2019-2A, Class D1R2, 6.372% (3-Month TSFR + 2.700%) due 1/21/38(b)(c)   $ 993,882  
        Palmer Square Loan Funding Ltd.:        
    870,000     Series 2024-1A, Class A2R, 4.823% (3-Month TSFR + 1.150%) due 10/15/32(b)(c)       869,412  
    893,000     Series 2025-3A, Class A1, 4.660% (3-Month TSFR + 0.950%) due 1/15/34(b)(c)       892,924  
    760,000     Series 2026-1A, Class A2, 5.094% (3-Month TSFR + 1.400%) due 7/15/34(b)(c)       761,077  
    500,000     Point Au Roche Park CLO Ltd., Series 2021-1A, Class AR, 4.845% (3-Month TSFR + 1.170%) due 1/20/39(b)(c)       499,467  
    500,000     Shackleton CLO Ltd., Series 2013-3A, Class DR, 6.955% (3-Month TSFR + 3.282%) due 7/15/30(b)(c)       502,482  
    500,000     Sound Point CLO VI-R Ltd., Series 2014-2RA, Class B, 5.737% (3-Month TSFR + 2.062%) due 10/20/31(b)(c)       501,241  
    1,000,000     Trestles CLO IV Ltd., Series 2021-4A, Class AR1, 4.943% (3-Month TSFR + 1.280%) due 10/30/38(b)(c)       1,002,403  
    1,710,000     Venture 42 CLO Ltd., Series 2021-42A, Class A1A, 5.065% (3-Month TSFR + 1.392%) due 4/15/34(b)(c)       1,711,718  
  500,000     Voya CLO Ltd., Series 2023-1A, Class A1R, 4.885% (3-Month TSFR + 1.210%) due 1/20/39(b)(c)     499,976  
        Total Other ABS       20,375,681  
       

TOTAL COLLATERALIZED LOAN OBLIGATIONS

(Cost - $27,689,748)

       27,709,002  
SOVEREIGN BONDS - 0.5%  
Brazil - 0.0%  
    200,000     Brazilian Government International Bond, 4.750% due 1/14/50       148,300  
Canada - 0.1%  
    1,845,000     Province of Ontario Canada, 4.450% due 11/20/35       1,816,320  
Chile - 0.0%  
    200,000     Chile Government International Bond, 3.100% due 5/7/41       152,200  
Colombia - 0.0%  
    200,000     Colombia Government International Bond, 4.125% due 5/15/51       128,100  
Dominican Republic - 0.0%  
        Dominican Republic International Bond:        
    150,000     5.750% due 3/17/34(b)       147,075  
    150,000     6.150% due 5/17/38       147,750  
        Total Dominican Republic       294,825  
Guatemala - 0.0%  
    200,000     Guatemala Government Bond, 5.375% due 4/24/32       201,340  
Hungary - 0.0%  
    200,000     Hungary Government International Bond, 5.500% due 3/26/36       200,280  
Indonesia - 0.0%  
    285,000     Indonesia Government International Bond, 5.690% due 5/29/36       290,573  
Israel - 0.1%  
        Israel Government International Bond:        
    280,000     5.375% due 3/12/29       284,546  
    300,000     5.375% due 2/19/30       305,482  
    200,000     2.750% due 7/3/30       184,462  
    200,000     State of Israel, 3.800% due 5/13/60       134,279  
        Total Israel       908,769  
Mexico - 0.2%  
        Mexico Government International Bond:        
    1,135,000     5.375% due 3/22/33       1,108,895  
    580,000     5.625% due 2/9/34       568,887  
    210,000     3.500% due 2/12/34       178,710  
    425,000     5.625% due 9/22/35       411,400  
        Total Mexico       2,267,892  
Morocco - 0.0%  
    200,000     Morocco Government International Bond, 3.000% due 12/15/32       174,535  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
SOVEREIGN BONDS - (continued)  
Peru - 0.0%  
$   150,000     Fondo MIVIVIENDA SA, 5.400% due 3/31/31(b)   $   150,421  
    65,000     Peruvian Government International Bond, 5.500% due 3/30/36       65,699  
        Total Peru       216,120  
Poland - 0.0%  
    95,000     Republic of Poland Government International Bond, 5.375% due 4/14/36       95,258  
Romania - 0.1%  
    1,130,000     Romanian Government International Bond, 3.625% due 3/27/32       1,020,929  
Saudi Arabia - 0.0%  
    200,000     Saudi Government International Bond, 4.625% due 10/4/47       168,930  
South Africa - 0.0%  
    200,000     Republic of South Africa Government International Bond, 6.125% due 12/11/37       196,286  
       

TOTAL SOVEREIGN BONDS

(Cost - $8,313,328)

       8,280,657  
SENIOR LOANS(c) - 0.3%  
Canada - 0.0%  
  9,925     1261229 BC Ltd., 9.870% (1-Month USD-SOFR + 0.625%) due 10/8/30     9,573  
    84,600     Bausch + Lomb Corp., 7.370% (1-Month USD-SOFR + 0.375%) due 1/15/31       84,875  
    50,000     Green Infrastructure Partners Inc., 6.450% (3-Month USD-SOFR + 0.275%) due 9/24/32       50,125  
    21,326     Ontario Gaming GTA LP, 7.950% (3-Month USD-SOFR + 0.425%) due 8/1/30       20,100  
        Total Canada       164,673  
Denmark - 0.0%  
        Genmab AS:        
    5,000     due 12/10/32(j)       5,007  
    24,375     6.700% (3-Month USD-SOFR + 0.300%) due 12/12/32       24,407  
        Total Denmark       29,414  
France - 0.0%  
    44,727     Altice France SA, 10.548% (3-Month USD-SOFR + 0.688%) due 5/31/31       45,314  
Germany - 0.0%  
    24,813     MV Holding GmbH, 5.620% (1-Month USD-SOFR + 0.200%) due 3/17/32       24,844  
Netherlands - 0.0%  
    54,362     GBT US III LLC, 5.667% (3-Month USD-SOFR + 0.200%) due 7/25/31       54,359  
    24,938     Lavender Dutch BorrowerCo BV, 6.950% (3-Month USD-SOFR + 0.325%) due 12/30/32       24,782  
        Total Netherlands       79,141  
United Kingdom - 0.0%  
    75,000     EG Finco Ltd., 6.916% (3-Month USD-SOFR + 0.325%) due 2/10/31       75,131  
    90,000     Formula One Management Ltd., 5.450% (3-Month USD-SOFR + 0.175%) due 9/30/31       90,075  
    24,825     Froneri International Ltd., 6.127% (6-Month USD-SOFR + 0.250%) due 9/30/32       24,648  
    9,651     Ineos Quattro Holdings UK Ltd., 7.870% (1-Month USD-SOFR + 0.425%) due 10/7/31       8,578  
    29,888     Motion Acquisition Ltd., due 11/12/29(j)       25,404  
    14,963     Project Aurora Holdco 1 Ltd., 6.450% (3-Month USD-SOFR + 0.275%) due 12/6/32       15,000  
        Total United Kingdom       238,836  
United States - 0.3%  
    94,521     Acrisure LLC, 6.620% (1-Month USD-SOFR + 0.300%) due 11/6/30       89,559  
    34,825     Alera Group Inc., 6.370% (1-Month USD-SOFR + 0.275%) due 5/30/32       33,537  
    25,000     Alkermes Inc., 6.418% (1-Month USD-SOFR + 0.275%) due 8/12/31       25,193  
    25,000     Alliant Holdings Intermediate LLC, due 9/19/31(j)       24,897  
    34,825     Allied Universal Holdco LLC, 6.870% (1-Month USD-SOFR + 0.325%) due 8/20/32       34,933  
    20,000     Alpha Generation LLC, due 5/27/33(j)       19,963  
    19,950     Alterra Mountain Co., 6.120% (1-Month USD-SOFR + 0.250%) due 8/17/28       19,969  
    10,000     American Airlines Inc., due 5/29/33(j)       9,900  
    24,750     American Axle & Manufacturing Inc., 6.912% (3-Month USD-SOFR + 0.325%) due 2/3/33       24,760  
    9,925     AmWINS Group Inc., 5.620% (1-Month USD-SOFR + 0.200%) due 1/30/32       9,900  
    5,000     APi Group DE Inc., 5.370% (1-Month USD-SOFR + 0.175%) due 5/16/33       5,007  
    20,000     Applied Systems Inc., 8.200% (3-Month USD-SOFR + 0.450%) due 2/23/32       19,761  
    43,764     Apro LLC, 7.381% (1-Month USD-SOFR + 0.375%) due 7/9/31       43,883  
    45,000     Ascend Learning LLC, 6.620% (1-Month USD-SOFR + 0.300%) due 12/11/28       44,364  
    29,300     Aspire Bakeries Holdings LLC, due 12/23/30(j)       29,300  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
SENIOR LOANS(c) - (continued)  
United States - (continued)  
        Asurion LLC:        
$   3,925     9.028% (3-Month USD-SOFR + 0.525%) due 1/20/29   $ 3,926  
    19,887     7.913% (3-Month USD-SOFR + 0.425%) due 9/19/30       19,878  
    19,950     athenahealth Group Inc., 6.370% (1-Month USD-SOFR + 0.275%) due 2/15/29       19,925  
    34,825     Aveanna Healthcare LLC, 6.644% (1-Month USD-SOFR + 0.300%) due 9/17/32       34,906  
    40,000     BCPE Empire Holdings Inc., 7.120% (1-Month USD-SOFR + 0.350%) due 12/29/32       39,775  
    30,000     BioMarin Pharmaceutical Inc., 5.428% (6-Month USD-SOFR + 0.175%) due 4/27/33       30,025  
    29,850     Blackfin Pipeline LLC, 6.625% (1-Month USD-SOFR + 0.300%) due 9/29/32       29,925  
    29,925     Boots Group Finco LP, 6.924% (3-Month USD-SOFR + 0.325%) due 8/30/32       30,099  
    35,000     Boxer Parent Co., Inc., 6.666% (3-Month USD-SOFR + 0.300%) due 7/30/31       32,721  
    25,000     Caesars Entertainment Inc., 5.870% (1-Month USD-SOFR + 0.225%) due 2/6/31       24,125  
    35,000     Calcasieu Pass Funding LLC, 6.954% (6-Month USD-SOFR + 0.325%) due 4/11/33       35,087  
    20,000     Camelot U.S. Acquisition LLC, 6.370% (1-Month USD-SOFR + 0.275%) due 1/31/31       18,854  
    54,327     Cengage Learning Inc., 6.627% (3-Month USD-SOFR + 0.300%) due 3/24/31       53,470  
    19,900     Chariot Buyer LLC, 6.370% (1-Month USD-SOFR + 0.275%) due 9/8/32       19,909  
    35,000     CHG Healthcare Services Inc., 6.657% (3-Month USD-SOFR + 0.300%) due 9/29/31       35,032  
  25,000     Clear Channel Outdoor Holdings Inc., 7.735% (1-Month USD-SOFR + 0.400%) due 8/21/28     25,031  
    9,950     Cloud Software Group Inc., 6.950% (3-Month USD-SOFR + 0.325%) due 8/13/32       9,306  
    29,987     Clydesdale Acquisition Holdings Inc., due 4/1/32(j)       28,312  
    39,736     Columbus McKinnon Corp., 7.200% (3-Month USD-SOFR + 0.350%) due 2/3/33       39,786  
    15,000     CompoSecure Holdings LLC, 5.875% (1-Month USD-SOFR + 0.225%) due 1/14/33       14,937  
    20,000     CoreLogic Inc., 7.235% (1-Month USD-SOFR + 0.350%) due 6/2/28       19,800  
    13,275     Corpay Technologies Operating Co. LLC, 5.348% (1-Month USD-SOFR + 0.175%) due 4/28/28       13,278  
        Cotiviti Inc.:        
    5,000     6.399% (1-Month USD-SOFR + 0.275%) due 5/1/31       4,683  
    44,625     6.399% (1-Month USD-SOFR + 0.275%) due 3/26/32       41,725  
    24,974     CPI Holdco B LLC, due 5/17/31(j)       24,938  
    29,514     Crown Finance US Inc., 8.145% (1-Month USD-SOFR + 0.450%) due 12/2/31       29,549  
    27,565     Cyxtera DC Holdings Inc, 0.000% (3-Month USD-SOFR + 0.300%) due 6/12/25#       –  
    95,000     Dayforce Bidco LLC, 6.663% (3-Month USD-SOFR + 0.300%) due 2/4/33       90,347  
    20,000     Delek US Holdings Inc., due 5/17/32(j)       20,025  
    44,888     DG Investment Intermediate Holdings 2 Inc., 6.870% (1-Month USD-SOFR + 0.325%) due 7/9/32       44,944  
    20,000     DIRECTV Financing LLC, due 2/17/31(j)       20,034  
    35,000     Discovery Global Holdings Inc., due 6/30/33(j)       35,060  
    53,500     Eagle Parent Corp., 7.950% (3-Month USD-SOFR + 0.425%) due 4/2/29       53,745  
    30,000     Edelman Financial Center LLC, 7.620% (1-Month USD-SOFR + 0.400%) due 12/1/31       30,019  
    24,937     Eisner Advisory Group LLC, 7.620% (1-Month USD-SOFR + 0.400%) due 2/28/31       24,439  
    24,626     EMRLD Borrower LP, 5.950% (3-Month USD-SOFR + 0.225%) due 8/4/31       24,619  
    44,883     Fertitta Entertainment LLC, 6.870% (1-Month USD-SOFR + 0.325%) due 1/27/29       44,703  
    14,645     First Advantage Holdings LLC, 6.450% (3-Month USD-SOFR + 0.275%) due 10/31/31       14,471  
    44,787     Focus Financial Partners LLC, 6.120% (1-Month + 0.250%) due 9/15/31       43,999  
    50,000     Freeport LNG investments LLLP, 6.925% (3-Month USD-SOFR + 0.325%) due 2/11/33       50,143  
    77,200     Gainwell Acquisition Corp., 7.800% (3-Month USD-SOFR + 0.400%) due 10/1/27       75,753  
    5,000     GIP Pilot Acquisition Partners LP, 5.641% (3-Month USD-SOFR + 0.200%) due 5/19/33       4,994  
    9,937     Golden State Foods LLC, 7.200% (3-Month USD-SOFR + 0.350%) due 12/4/31       9,970  
    44,687     Grant Thornton Advisors LLC, 6.370% (1-Month + 0.275%) due 6/2/31       42,925  
    14,949     Great Outdoors Group LLC, 6.870% (1-Month USD-SOFR + 0.325%) due 1/23/32       15,016  
    14,963     Herc Holdings Inc., 5.381% (1-Month USD-SOFR + 0.175%) due 6/2/32       15,002  
    54,588     HighTower Holding LLC, 6.408% (3-Month USD-SOFR + 0.275%) due 2/3/32       54,536  
    90,000     Hologic Inc., 5.924% (3-Month USD-SOFR + 0.225%) due 4/7/33       89,054  
    4,975     Ineos US Finance LLC, 6.620% (1-Month USD-SOFR + 0.300%) due 2/7/31       4,683  
    55,000     ION Platform Finance US Inc., 7.450% (3-Month USD-SOFR + 0.375%) due 10/7/32       42,780  
    10,692     LBM Acquisition LLC, 7.434% (1-Month USD-SOFR + 0.375%) due 6/6/31       8,590  
    24,185     LC Ahab US Bidco LLC, 6.120% (1-Month USD-SOFR + 0.250%) due 5/1/31       24,044  
    55,458     LifePoint Health Inc., 7.423% (3-Month USD-SOFR + 0.375%) due 5/17/31       54,949  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
SENIOR LOANS(c) - (continued)  
United States - (continued)  
$   34,913     Live Nation Entertainment Inc., 5.598% (1-Month USD-SOFR + 0.200%) due 10/21/32   $   34,912  
    34,526     Madison Safety & Flow LLC, 6.108% (1-Month USD-SOFR + 0.250%) due 9/26/31       34,594  
    30,000     Meade Pipeline Co. LLC, 5.687% (3-Month USD-SOFR + 0.200%) due 9/22/32       30,081  
    10,000     Medline Borrower LP, due 5/30/33(j)       9,987  
    52,529     MH Sub I LLC, 7.870% (1-Month USD-SOFR + 0.425%) due 12/31/31       45,263  
    34,318     MI Windows & Doors LLC, 6.370% (1-Month USD-SOFR + 0.275%) due 3/28/31       33,568  
    20,000     Michaels Cos., Inc., 8.668% (3-Month USD-SOFR + 0.500%) due 3/15/33       19,804  
        Mitchell International Inc.:        
    49,268     6.620% (1-Month USD-SOFR + 0.300%) due 6/17/31       48,590  
    10,000     8.870% (1-Month USD-SOFR + 0.525%) due 6/17/32       9,235  
    10,000     Neptune BidCo US Inc., 8.769% (3-Month USD-SOFR + 0.500%) due 2/3/33       9,878  
        Nexstar Media Inc.:        
    34,738     6.120% (1-Month USD-SOFR + 0.250%) due 6/28/32       34,718  
    51,857     6.370% (1-Month USD-SOFR + 0.275%) due 3/18/33       51,865  
    10,000     NGL Energy Operating LLC, 7.131% (1-Month USD-SOFR + 0.350%) due 3/11/33       10,023  
    70,000     Oak-Eagle Acquireco Inc., due 3/24/33(j)       70,213  
  24,937     OneDigital Borrower LLC, 6.620% (1-Month USD-SOFR + 0.300%) due 7/2/31     24,644  
    84,571     OVG Business Services LLC, 6.620% (1-Month USD-SOFR + 0.300%) due 6/25/31       84,730  
    19,900     Pacific Dental Services LLC, 6.103% (1-Month USD-SOFR + 0.250%) due 3/15/31       19,887  
    24,938     PetSmart LLC, 7.584% (1-Month USD-SOFR + 0.400%) due 8/18/32       24,849  
    12,549     Pinnacle Buyer LLC, 6.182% (3-Month USD-SOFR + 0.250%) due 10/1/32       12,598  
    5,000     Pioneer Opco LLC, 6.879% (1-Month USD-SOFR + 0.325%) due 5/15/33       5,030  
    25,000     Pregis TopCo LLC, due 2/1/29(j)       25,125  
    5,000     Prestige Brands Inc., due 5/20/33(j)       5,013  
    25,000     Primo Brands Corp., 6.450% (3-Month USD-SOFR + 0.275%) due 3/31/31       25,143  
    10,000     Proofpoint Inc., 6.700% (3-Month USD-SOFR + 0.300%) due 8/31/28       9,756  
        Pye-Barker Fire & Safety LLC:        
    204     3.075% (3-Month + 0.250%) due 12/16/32       204  
    8,700     6.163% (3-Month USD-SOFR + 0.250%) due 12/16/32       8,718  
    24,725     Radiology Partners Inc., 8.200% (3-Month + 0.450%) due 6/30/32       24,632  
        RealPage Inc.:        
    14,922     6.961% (3-Month USD-SOFR + 0.300%) due 4/24/28       14,421  
    34,650     7.450% (3-Month USD-SOFR + 0.375%) due 4/24/28       33,854  
    14,501     Sabre GLBL Inc., 9.720% (1-Month USD-SOFR + 0.600%) due 11/15/29       12,072  
    63,486     Savor Acquisition Inc., 6.663% (3-Month USD-SOFR + 0.300%) due 2/19/32       63,621  
    24,937     Sedgwick Claims Management Services Inc., 6.120% (1-Month USD-SOFR + 0.250%) due 7/31/31       24,906  
    20,000     Select Medical Corp., due12/31/31(j)       20,050  
    89,774     Southern Veterinary Partners LLC, 6.156% (3-Month USD-SOFR + 0.250%) due 12/4/31       89,809  
    14,849     Staples Inc., 9.413% (3-Month USD-SOFR + 0.575%) due 9/4/29       13,808  
    5,000     Starwood Property Mortgage LLC, 5.620% (1-Month USD-SOFR + 0.200%) due 9/24/32       4,995  
    5,097     Stubhub Holdco Sub LLC, 8.370% (1-Month USD-SOFR + 0.475%) due 3/15/30       5,107  
    35,000     Sunrise Financing Partnership, 6.129% (6-Month USD-SOFR + 0.250%) due 2/15/32       34,909  
    15,000     Sword Purchaser LLC, 7.620% (1-Month USD-SOFR + 0.400%) due 4/9/33       14,610  
    14,775     Team Health Holdings Inc., 7.663% (3-Month USD-SOFR + 0.400%) due 6/30/28       14,816  
    79,400     Tecta America Corp., 6.370% (1-Month USD-SOFR + 0.275%) due 2/18/32       79,673  
    24,862     TKO Worldwide Holdings LLC, 5.636% (3-Month USD-SOFR + 0.200%) due 11/21/31       24,864  
    35,000     TransDigm Inc., 6.120% (1-Month USD-SOFR + 0.250%) due 2/13/33       35,082  
    15,000     Traverse Midstream Partners LLC, due 4/21/33(j)       15,019  
    9,912     Trident TPI Holdings Inc., 7.450% (3-Month + 0.375%) due 9/15/28       9,560  
    4,875     Trucordia Insurance Holdings LLC, 6.870% (1-Month USD-SOFR + 0.325%) due 6/17/32       4,546  
    44,887     UKG Inc., 5.913% (3-Month USD-SOFR + 0.225%) due 2/10/31       43,326  
    54,722     Univision Communications Inc., 7.235% (1-Month USD-SOFR + 0.350%) due 1/31/29       54,434  
    9,700     Verde Purchaser LLC, 7.700% (3-Month USD-SOFR + 0.400%) due 11/30/30       9,294  
    37,987     Vestis Corp., 5.916% (3-Month USD-SOFR + 0.225%) due 2/22/31       37,246  
    9,950     Victory Capital Holdings Inc., 5.450% (3-Month USD-SOFR + 0.175%) due 9/23/32       9,952  
    90,909     Victra Holdings LLC, 7.450% (3-Month USD-SOFR + 0.375%) due 3/29/29       89,830  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Face Amount/Units 		Security  Value
SENIOR LOANS(c) - (continued)  
United States - (continued)  
        Virgin Media Bristol LLC:        
$   30,000     6.992% (1-Month USD-SOFR + 0.325%) due 1/31/29   $   28,683  
    40,000     6.967% (6-Month USD-SOFR + 0.318%) due 3/31/31       35,928  
    59,700     Voyager Parent LLC, 7.950% (3-Month USD-SOFR + 0.425%) due 7/1/32       59,679  
    14,266     White Cap Supply Holdings LLC, 6.870% (1-Month USD-SOFR + 0.325%) due 10/19/29       14,156  
    24,975     WhiteWater Matterhorn Holdings LLC, 5.500% (3-Month USD-SOFR + 0.175%) due 6/16/32       24,913  
    65,317     Zayo Group Holdings Inc., due 3/11/30(j)       65,246  
    48,251     Zelis Cost Management Buyer Inc., 6.870% (1-Month USD-SOFR + 0.325%) due 11/26/31       47,558  
        Total United States       3,801,799  
        TOTAL SENIOR LOANS        
        (Cost - $4,452,659)       4,384,021  

Shares/Units		            
EXCHANGE TRADED FUND (ETF) - 2.6%  
  395,407     iShares Core U.S. Aggregate Bond        
        (Cost - $38,930,893)       39,169,017  
COMMON STOCK - 0.0%  
INDUSTRIAL - 0.0%  
Machinery-Diversified - 0.0%  
    266     Mangrove Luxco III SARL*(h)(k)        
        (Cost - $4,765)       5,352  
        TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS        
        (Cost - $1,652,404,455)       1,530,179,728  

Face Amount†		            
SHORT-TERM INVESTMENTS - 2.5%  
TIME DEPOSITS - 1.8%  
    84 EUR Citibank - London, 0.860% due 6/1/26       98  
    5,147,406     Citibank - New York, 2.970% due 6/1/26       5,147,406  
    9,772,155     JPMorgan Chase & Co. - New York, 2.970% due 6/1/26       9,772,155  
    11,728,069     Skandinaviska Enskilda Banken AB - Stockholm, 2.970% due 6/1/26       11,728,069  
        TOTAL TIME DEPOSITS        
        (Cost - $26,647,728)       26,647,728  
U.S. GOVERNMENT OBLIGATIONS - 0.7%  
        U.S. Treasury Bills:        
    160,000     3.617% due 6/23/26(l)       159,647  
    450,000     3.607% due 6/25/26(l)       448,921  
    10,000,000     3.645% due 9/10/26(l)       9,899,197  
        TOTAL U.S. GOVERNMENT OBLIGATIONS        
        (Cost - $10,507,961)       10,507,765  
        TOTAL SHORT-TERM INVESTMENTS        
        (Cost - $37,155,689)       37,155,493  

 

 

Schedules of Investments      
May 31, 2026 (unaudited)      
           
Destinations Core Fixed Income Fund (continued)     
 
Shares/Units 		Security  Value
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.0%  
MONEY MARKET FUND - 0.0%  
    599,808     Federated Government Obligations Fund, Premier Class, 3.548%(m)        
        (Cost - $599,808)   $   599,808  
 
 		  
 		  
 		  
 		 TOTAL INVESTMENTS - 105.0%
(Cost - $1,690,159,952)		  
 		  
 		  
  1,567,935,029		  
 
        Liabilities in Excess of Other Assets - (5.0)%     (75,231,302 )
        TOTAL NET ASSETS - 100.0%   $ 1,492,703,727  

 

† Face amount denominated in U.S. dollars, unless otherwise noted.
# Security issued with zero coupon. Income is recognized through accretion of discount.
* Non-income producing security.
(a) This security is traded on a TBA basis.
(b) Restricted security that may be sold to “qualified institutional buyers” pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $265,609,215 and represents 17.79% of net assets.  
(c) Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2026.
(d) Interest only security.
(e) Principal only security.
(f) All or a portion of this security is on loan.
(g) Payment in-kind security for which part of the income earned may be paid as additional principal. At the option of the issuer.
(h) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $1,557,731 and represents 0.10% of net assets.
(i) Security is perpetual in nature and has no stated maturity date.
(j) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.
(k) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(l) Rate shown represents yield-to-maturity.
(m) Represents investment of collateral received from securities lending transactions.

 

Abbreviations used in this schedule:
CBT — Chicago Board of Trade
CLO — Collateralized Loan Obligation
CMT — Constant Maturity Treasury Index
LLC — Limited Liability Company
LP — Limited Partnership
MFA — Mortgage Finance Authority
PLC — Public Limited Company
REMICS — Real Estate Mortgage Investment Conduit
SARL — Société à Responsabilité Limitée
SOFR — Secured Overnight Financing Rate
STRIPS — Separate Trading of Registered Interest and Principals
TSFR — CME Term SOFR Reference Rate
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (continued)
 
Summary of Investments by Security Type^
U.S. Government Agencies & Obligations    29.0%
Mortgage-Backed Securities    21.1 
Collateralized Mortgage Obligations    17.7 
Corporate Bonds & Notes    16.3 
Asset-Backed Securities    8.4 
Exchange Traded Fund (ETF)    2.5 
Collateralized Loan Obligations    1.8 
Sovereign Bonds    0.5 
Senior Loans    0.3 
Common Stocks    0.0*
Short-Term Investments    2.4 
Money Market Fund    0.0*
    100.0%
     

^ As a percentage of total investments.

* Position represents less than 0.05%.

 

At May 31, 2026, Destinations Core Fixed Income Fund had open exchange traded futures contracts as described below.
    
The unrealized appreciation (depreciation) on the open contracts were as follows:
                
Open Futures Contracts   Number of
Contracts		    Expiration
Date (Month/Year)		    Notional
Amounts		    Market Value    Unrealized Appreciation
(Depreciation)		 
Contracts to Buy:                         
U.S. 10 Year Ultra    34    9/26  $3,771,728   $3,810,656   $38,928 
U.S. 2 Year Note (CBT)    68    9/26   14,029,516    14,046,250    16,734 
U.S. 5 Year Note (CBT)    9    9/26   959,945    964,898    4,953 
                       $60,615 
Contracts to Sell:                         
U.S. 10 Year Note (CBT)    2    9/26  $(219,625)  $219,656   $(31)
U.S. Long Bond (CBT)    55    9/26   (6,087,761)   6,172,031    (84,270)
U.S. Ultra Long Bond (CBT)    28    9/26   (3,144,750)   3,203,375    (58,625)
                       $(142,926)
Net Unrealized Depreciation on Open Exchange Traded Futures Contracts                   $(82,311)
                          
At May 31, 2026, Destinations Core Fixed Income Fund had deposited cash of $94,638 with a broker or brokers as margin collateral on open exchange traded futures contracts.

 

At May 31, 2026, Destinations Core Fixed Income Fund held the following Centrally Cleared Interest Rate Swap Contracts:
Pay/Receive Floating Rate  Floating Rate Index  Fixed Rate  Maturity
Date		  Notional
Amounts		  Market Value  Upfront Premiums Paid/ (Received)  Unrealized
Appreciation
Receive  SOFR   3.595%  11/15/32  USD  1,675,000   $30,715   $—     $30,715 
Receive  SOFR   3.378%  5/31/30  USD  2,500,000    44,387    —      44,387 
Receive  SOFR   4.160%  3/19/45  USD  4,970,000    75,579    (25,974)   101,553 
Receive  SOFR   3.590%  9/20/53  USD  1,175,000    133,854    5,065    128,789 
Receive  SOFR   3.250%  6/21/53  USD  960,000    166,735    (10,562)   177,297 
Receive  SOFR   2.970%  3/15/53  USD  2,025,000    429,255    6,558    422,697 
                     $880,525   $(24,913)  $905,438 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Core Fixed Income Fund (concluded)
 
Centrally Cleared - Credit Default Swaps on Corporate and Sovereign Issues - Sell Protection (1)
Reference Obligation 

Fixed Deal
Receive

Rate

  Maturity Date  Payment Frequency  Implied
Credit
Spread at
5/31/26(2)		 

Notional

Amounts(3)

  Market Value  Upfront Premiums Paid/ (Received)  Unrealized
Appreciation
(Depreciation)
Oracle Corp.   1.000%  12/20/30  3-Month   1.473%   USD    1,065,000   $(18,275)  $(11,855)  $(6,420)
Paramount Global   1.000%  6/20/31  3-Month   2.924%   USD    720,000    (57,913)   (62,624)   4,711 
                             $(76,188)  $(74,479)  $(1,709)

 

(1) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.


(2) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of on emerging country as of period end serve as 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. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.


(3) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

 

Schedule of Forward Sale Commitments   
    
 Face Amounts   Security   Value 
     Federal National Mortgage Association:     
$51,000   2.500% due 6/1/56(a) (Proceeds — $43,017)  $(42,667)
 1,317,143   3.000% due 6/1/56(a) (Proceeds — $1,154,919)   (1,150,170)
 100,000   4.000% due 6/1/56(a) (Proceeds — $94,000)   (93,616)
 6,660,000   2.500% due 7/1/56(a) (Proceeds — $5,559,779)   (5,569,429)
     Government National Mortgage Association:     
 525,000   3.000% due 6/1/56(a) (Proceeds — $464,535)   (466,649)
 3,530,000   4.000% due 6/1/56(a) (Proceeds — $3,300,392)   (3,282,030)
 2,045,000   4.500% due 6/1/56(a) (Proceeds — $1,980,451)   (1,966,993)
 2,275,000   5.000% due 6/1/56(a) (Proceeds — $2,248,792)   (2,246,377)
     TOTAL OPEN FORWARD SALE COMMITMENTS     
     (Proceeds — $14,845,885)   $(14,817,931)

 

  (a) This security is traded on a TBA basis.

                 

Currency Abbreviations used in this schedule:
EUR — Euro
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund
Face Amount/Units†  Security  Value
CORPORATE BONDS & NOTES - 32.0%
Basic Materials - 0.4%     
210,000   ArcelorMittal SA, Senior Unsecured Notes, 4.250% due 7/16/29   $208,280 
200,000   Corp. Nacional del Cobre de Chile, Senior Unsecured Notes, 3.000% due 9/30/29    189,087 
200,000   Freeport Indonesia PT, Senior Unsecured Notes, 4.763% due 4/14/27(a)    199,695 
90,000   Freeport-McMoRan Inc., Company Guaranteed Notes, 4.125% due 3/1/28    89,376 
113,000   Rio Tinto Finance USA PLC, Company Guaranteed Notes, 4.875% due 3/14/30    114,428 
222,000   Suzano Austria GmbH, Company Guaranteed Notes, 3.750% due 1/15/31    207,259 
268,000   Vale Overseas Ltd., Company Guaranteed Notes, 3.750% due 7/8/30    255,857 
    Total Basic Materials    1,263,982 
Communications - 5.5%     
209,000   Airbnb Inc., Senior Unsecured Notes, 4.400% due 3/16/29    208,632 
98,000   AppLovin Corp., Senior Unsecured Notes, 5.125% due 12/1/29    99,141 
1,097,000   fuboTV Inc., Senior Secured Notes, 7.500% due 2/15/29(a)(b)    1,081,594 
1,701,000   GCI LLC, Company Guaranteed Notes, 4.750% due 10/15/28(a)    1,641,523 
2,350,000   Gen Digital Inc., Company Guaranteed Notes, 6.750% due 9/30/27(a)    2,363,543 
638,000   Getty Images Inc., Company Guaranteed Notes, 14.000% due 3/1/28(a)(c)    577,390 
2,169,000   Getty Images Inc., Senior Secured Notes, 11.250% due 2/21/30(a)(c)    1,862,629 
2,069,000   Go Daddy Operating Co. LLC/GD Finance Co., Inc., Company Guaranteed Notes, 5.250% due 12/1/27(a)    2,069,776 
1,223,648   Go North Group AB, Senior Secured Notes, 9.386% (SOFRRATE + 5.762%) due 1/22/30(d)(e)    281,439 
3,693,748   GrubHub Holdings Inc., Senior Secured Notes, 13.000% due 7/31/30(a)(b)(c)    3,014,596 
180,000   Millicom International Cellular SA, Senior Unsecured Notes, 5.125% due 1/15/28    178,791 
662,000   Sirius XM Radio LLC, Company Guaranteed Notes, 3.125% due 9/1/26(a)    658,380 
384,000   T-Mobile USA Inc., Company Guaranteed Notes, 3.500% due 4/15/31    363,847 
98,000   Uber Technologies Inc., Senior Unsecured Notes, 4.150% due 1/15/31    95,852 
1,198,000   Ziff Davis Inc., Senior Unsecured Notes, 1.750% due 11/1/26(c)    1,180,004 
    Total Communications    15,677,137 
Consumer Cyclical - 1.1%     
48,000   Darden Restaurants Inc., Senior Unsecured Notes, 4.350% due 10/15/27    47,907 
1,400,000EUR European Entertainment Intressenter BidCo AB, Senior Secured Notes, 9.488% (3-Month EURIBOR + 7.250%) due 9/29/30(d)    1,556,589 
208,000   Ferguson Enterprises Inc., Company Guaranteed Notes, 4.350% due 3/15/31    204,500 
    Hyundai Capital America, Senior Unsecured Notes:     
135,000   4.550% due 9/26/29(a)    134,501 
177,000   5.400% due 6/24/31(a)    180,260 
123,000   Marriott International Inc., Senior Unsecured Notes, 4.800% due 3/15/30    123,948 
202,000   Royal Caribbean Cruises Ltd., Senior Unsecured Notes, 5.625% due 9/30/31(a)    203,772 
659,000EUR Secop Group Holding GmbH, Senior Secured Notes, 10.535% (3-Month EURIBOR + 8.400%) due 12/29/26(d)    772,513 
    Total Consumer Cyclical    3,223,990 
Consumer Non-cyclical - 8.3%     
    AbbVie Inc., Senior Unsecured Notes:     
890,000   2.950% due 11/21/26    885,854 
43,000   4.875% due 3/15/30    43,631 
200,000   Adani Ports & Special Economic Zone Ltd., Senior Unsecured Notes, 4.375% due 7/3/29    195,155 
    Altria Group Inc., Company Guaranteed Notes:     
28,000   6.200% due 11/1/28    29,064 
54,000   4.500% due 8/6/30    53,740 
211,000   Amgen Inc., Senior Unsecured Notes, 4.200% due 2/19/31    207,357 
210,000   Augusta SpinCo Corp., Company Guaranteed Notes, 4.398% due 3/23/29    208,857 
17,000   Avery Dennison Corp., Senior Unsecured Notes, 4.875% due 12/6/28    17,136 
7,000   BAT Capital Corp., Company Guaranteed Notes, 4.906% due 4/2/30    7,059 
83,000   BAT International Finance PLC, Company Guaranteed Notes, 5.931% due 2/2/29    85,865 
162,000   Biogen Inc., Senior Unsecured Notes, 5.050% due 1/15/31    164,391 
200,000   BRF GmbH, Company Guaranteed Notes, 4.350% due 9/29/26    199,240 
79,000   Bunge Ltd. Finance Corp., Company Guaranteed Notes, 4.200% due 9/17/29    78,160 
9,071,000   Cannabist Co. Holdings Inc., Senior Secured Notes, 9.250% due 12/31/28(f)(g)    4,081,950 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
CORPORATE BONDS & NOTES - (continued)
Consumer Non-cyclical - (continued)     
86,000   Cardinal Health Inc., Senior Unsecured Notes, 5.125% due 2/15/29   $87,310 
896,000   Darling Ingredients Inc., Company Guaranteed Notes, 5.250% due 4/15/27(a)    896,150 
    Element Fleet Management Corp., Senior Unsecured Notes:     
335,000   5.037% due 3/25/30(a)    337,949 
35,000   4.641% due 11/24/30(a)    34,648 
112,000   Equifax Inc., Senior Unsecured Notes, 4.800% due 9/15/29    112,379 
62,000   ERAC USA Finance LLC, Company Guaranteed Notes, 4.500% due 10/30/29(a)    61,757 
572,000   Euronet Worldwide Inc., Senior Unsecured Notes, 0.625% due 10/1/30(a)    513,370 
1,199,000EUR Formycon AG, Company Guaranteed Notes, 9.170% (3-Month EURIBOR + 7.000%) due 7/9/29(d)    1,349,583 
    GE HealthCare Technologies Inc., Senior Unsecured Notes:     
95,000   4.150% due 12/15/28    94,261 
231,000   4.800% due 8/14/29    232,532 
1,827,000   HCA Inc., Company Guaranteed Notes, 4.500% due 2/15/27    1,826,268 
70,000   Illumina Inc., Senior Unsecured Notes, 4.650% due 9/9/26    70,040 
301,000   Imperial Brands Finance PLC, Company Guaranteed Notes, 5.500% due 2/1/30(a)    308,605 
    Laboratory Corp. of America Holdings, Company Guaranteed Notes:     
127,000   4.350% due 4/1/30    125,569 
227,000   2.700% due 6/1/31    206,804 
6,862,000   Leafly Holdings Inc., Senior Unsecured Notes, 8.000% due 7/1/25@(e)(f)    5,832,700 
11,250,000SEK  Magle Chemoswed Holding AB, Senior Secured Notes, 8.660% (3-Month SEK-STIBOR + 6.500%) due 7/4/28(d)(f)  932,225 
211,000   Mars Inc., Senior Unsecured Notes, 4.800% due 3/1/30(a)    212,512 
1,900,000EUR  OP Holdco GmbH, Senior Secured Notes, 8.535% (3-Month EURIBOR + 6.500%) due 6/5/29(a)(d)    2,082,285 
429,000   Pfizer Inc., Senior Unsecured Notes, 4.200% due 11/15/30    425,062 
130,744   Prumo Participacoes e Investimentos S/A, Senior Secured Notes, 7.500% due 12/31/31    133,361 
101,000   Quanta Services Inc., Senior Unsecured Notes, 4.500% due 1/15/31    100,057 
93,000   Quest Diagnostics Inc., Senior Unsecured Notes, 4.200% due 6/30/29    92,090 
207,000   Rentokil Terminix Funding PLC, Company Guaranteed Notes, 4.625% due 4/23/31(a)    204,064 
207,000   Royalty Pharma PLC, Company Guaranteed Notes, 4.450% due 3/25/31    203,906 
140,000   Rutas 2 & 7 Finance Ltd., Senior Secured Notes, zero coupon, due 9/30/36#    106,400 
93,000   Sysco Corp., Company Guaranteed Notes, 5.100% due 9/23/30    94,172 
262,000   Triton Container International Ltd., Company Guaranteed Notes, 3.150% due 6/15/31(a)    236,832 
480,000   US Foods Inc., Company Guaranteed Notes, 6.875% due 9/15/28(a)    491,685 
28,000   Verisk Analytics Inc., Senior Unsecured Notes, 4.450% due 3/15/31    27,540 
    Total Consumer Non-cyclical    23,689,575 
Energy - 2.7%     
2,719,000   Arch Investment Partners LLC, Company Guaranteed Notes, 10.000% due 3/27/30(a)(f)    2,656,202 
55,000   Boardwalk Pipelines LP, Company Guaranteed Notes, 4.450% due 7/15/27    54,922 
207,000   Cenovus Energy Inc., Senior Unsecured Notes, 4.650% due 3/20/31    205,342 
168,000   Cheniere Energy Partners LP, Company Guaranteed Notes, 4.500% due 10/1/29    167,225 
30,000   DCP Midstream Operating LP, Company Guaranteed Notes, 5.125% due 5/15/29    30,432 
27,000   Devon Energy Corp., Senior Unsecured Notes, 5.250% due 10/15/27    27,005 
28,000   DT Midstream Inc., Company Guaranteed Notes, 4.125% due 6/15/29(a)    27,461 
50,000   Ecopetrol SA, Senior Unsecured Notes, 4.625% due 11/2/31    44,972 
44,000   Enbridge Inc., Company Guaranteed Notes, 6.000% due 11/15/28    45,518 
201,000   Energy Transfer LP, Senior Unsecured Notes, 6.050% due 12/1/26    202,437 
2,400,000   Forum Energy Technologies Inc., Senior Secured Notes, 10.500% due 11/7/29    2,533,335 
82,400   GNL Quintero SA, Senior Unsecured Notes, 4.634% due 7/31/29    82,205 
147,330   Guara Norte SARL, Senior Secured Notes, 5.198% due 6/15/34    143,722 
84,000   Kinder Morgan Inc., Company Guaranteed Notes, 5.000% due 2/1/29    85,109 
181,000   MPLX LP, Senior Unsecured Notes, 4.800% due 2/15/29    182,070 
145,000   NGPL PipeCo LLC, Senior Unsecured Notes, 4.875% due 8/15/27(a)    145,531 
200,000   Pertamina Persero PT, Senior Unsecured Notes, 3.650% due 7/30/29    193,066 
85,000   Petrobras Global Finance BV, Company Guaranteed Notes, 5.125% due 9/10/30    83,980 
222,000   Targa Resources Corp., Company Guaranteed Notes, 4.350% due 4/15/31    217,466 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
CORPORATE BONDS & NOTES - (continued)
Energy - (continued)     
130,000   Targa Resources Partners LP/Targa Resources Partners Finance Corp., Company Guaranteed Notes, 5.500% due 3/1/30   $131,605 
200,000   Ultrapar International SA, Company Guaranteed Notes, 5.250% due 6/6/29    199,515 
    Western Midstream Operating LP, Senior Unsecured Notes:     
16,000   6.350% due 1/15/29    16,626 
116,000   4.050% due 2/1/30    112,803 
127,000   Williams Cos., Inc., Senior Unsecured Notes, 4.800% due 11/15/29    128,010 
    Total Energy    7,716,559 
Financial - 5.6%     
258,000   AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Company Guaranteed Notes, 5.750% due 6/6/28    263,542 
176,000   Agree LP, Company Guaranteed Notes, 2.900% due 10/1/30    163,820 
275,000   American Express Co., Senior Unsecured Notes, 4.731% (SOFRRATE + 1.260%) due 4/25/29(d)    276,376 
348,000   American Tower Corp., Senior Unsecured Notes, 4.900% due 3/15/30    351,175 
    Aviation Capital Group LLC, Senior Unsecured Notes:     
16,000   6.250% due 4/15/28(a)    16,407 
226,000   4.800% due 10/24/30(a)    224,073 
    Avolon Holdings Funding Ltd., Company Guaranteed Notes:     
86,000   6.375% due 5/4/28(a)    88,437 
208,000   5.375% due 5/30/30(a)    210,584 
150,000   Banco de Credito del Peru SA, Subordinated Notes, 3.250% (5-Year CMT Index + 2.450%) due 9/30/31(d)    148,485 
150,000   Banco Internacional del Peru SAA Interbank, Subordinated Notes, 6.397% (5-Year CMT Index + 2.067%) due 4/30/35(d)    153,316 
200,000   Banco Mercantil del Norte SA, Junior Subordinated Notes, 7.625% (5-Year CMT Index + 5.353%)(d)(h)    200,810 
150,000   Banco Santander Chile, Senior Unsecured Notes, 4.550% due 11/20/30(a)    148,125 
200,000   Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, Subordinated Notes, 7.525% (5-Year CMT Index + 2.995%) due 10/1/28(d)    207,208 
    Bank of America Corp., Senior Unsecured Notes:     
173,000   4.979% (SOFRRATE + 0.830%) due 1/24/29(d)    174,361 
100,000   5.162% (SOFRRATE + 1.000%) due 1/24/31(d)    101,688 
208,000   Bank of Montreal, Senior Unsecured Notes, 4.640% (SOFRRATE + 1.250%) due 9/10/30(d)    208,249 
200,000   BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico, Subordinated Notes, 5.875% (5-Year CMT Index + 4.308%) due 9/13/34(d)    196,486 
1,142,000   Braemar Hotels & Resorts Inc., Senior Unsecured Notes, 4.500% due 6/1/26(f)    1,119,158 
    Brown & Brown Inc., Senior Unsecured Notes:     
25,000   4.700% due 6/23/28    25,050 
26,000   4.500% due 3/15/29    25,867 
207,000   CaixaBank SA, Senior Non-Preferred Notes, 4.818% (SOFRRATE + 1.210%) due 4/22/32(a)(d)    205,759 
267,000   Canadian Imperial Bank of Commerce, Senior Unsecured Notes, 4.243% (SOFRRATE + 0.600%) due 9/8/28(d)    266,370 
208,000   Charles Schwab Corp., Senior Unsecured Notes, 4.343% (SOFRRATE + 0.940%) due 11/14/31(d)    204,909 
    Citigroup Inc., Senior Unsecured Notes:     
106,000   4.786% (SOFRRATE + 0.870%) due 3/4/29(d)    106,490 
236,000   4.542% (SOFRRATE + 1.338%) due 9/19/30(d)    235,048 
105,000   4.503% (SOFRRATE + 1.171%) due 9/11/31(d)    103,884 
3,307,424   Compass Group Diversified Holdings LLC, Company Guaranteed Notes, 5.250% due 4/15/29(a)    3,165,408 
476,000   Compass Inc., Company Guaranteed Notes, 0.250% due 4/15/31(a)    435,207 
360,000   CubeSmart LP, Company Guaranteed Notes, 4.375% due 2/15/29    357,556 
186,000   Equinix Europe 2 Financing Corp. LLC, Company Guaranteed Notes, 4.600% due 11/15/30    184,287 
203,000   Essential Properties LP, Company Guaranteed Notes, 2.950% due 7/15/31    183,409 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
CORPORATE BONDS & NOTES - (continued)
Financial - (continued)     
366,000   Extra Space Storage LP, Company Guaranteed Notes, 5.500% due 7/1/30   $375,346 
    Goldman Sachs Group Inc., Senior Unsecured Notes:     
89,000   4.153% (SOFRRATE + 0.900%) due 10/21/29(d)    87,932 
45,000   4.516% (SOFRRATE + 0.960%) due 1/21/32(d)    44,305 
1,486,000   Icahn Enterprises LP/Icahn Enterprises Finance Corp., Senior Secured Notes, 5.250% due 5/15/27    1,469,894 
    JPMorgan Chase & Co., Senior Unsecured Notes:     
212,000   4.548% (SOFRRATE + 0.920%) due 4/22/28(d)    212,787 
141,000   4.915% (SOFRRATE + 0.800%) due 1/24/29(d)    142,054 
212,000   3.702% (3-Month TSFR + 1.422%) due 5/6/30(d)    206,851 
53,000   M&T Bank Corp., Senior Unsecured Notes, 4.833% (SOFRRATE + 0.930%) due 1/16/29(d)    53,227 
209,000   Morgan Stanley, Senior Unsecured Notes, 4.555% (SOFRRATE + 0.960%) due 4/10/30(d)    208,191 
10,000   New York Life Global Funding, Secured Notes, 4.700% due 1/29/29(a)    10,062 
2,500,000SEK Novedo Holding AB, Senior Secured Notes, 9.083% (3-Month SEK-STIBOR + 7.000%) due 9/23/27(d)    238,980 
573,000   Oaktree Strategic Credit Fund, Senior Unsecured Notes, 6.190% due 7/15/30    570,785 
86,000   Omega Healthcare Investors Inc., Company Guaranteed Notes, 4.750% due 1/15/28    86,127 
200,000   Oversea-Chinese Banking Corp., Ltd, Subordinated Notes, 4.602% (5-Year CMT Index + 1.575%) due 6/15/32(d)    199,676 
197,000   Phillips Edison Grocery Center Operating Partnership I LP, Company Guaranteed Notes, 2.625% due 11/15/31    175,516 
209,000   Progressive Corp., Senior Unsecured Notes, 4.600% due 3/26/31    208,989 
154,000   Royal Bank of Canada, Senior Unsecured Notes, 4.489% (SOFRRATE + 0.860%) due 10/18/28(d)    154,449 
466,000   Societe Generale SA, Senior Non-Preferred Notes, 3.000% due 1/22/30(a)    436,330 
184,000   Store Capital LLC, Senior Unsecured Notes, 4.950% due 2/11/31    182,141 
305,000   Truist Financial Corp., Senior Unsecured Notes, 7.161% (SOFRRATE + 2.446%) due 10/30/29(d)    322,634 
200,000   United Overseas Bank Ltd., Subordinated Notes, 2.000% (5-Year CMT Index + 1.230%) due 10/14/31(d)    198,081 
    Wells Fargo & Co., Senior Unsecured Notes:     
178,000   4.698% (SOFRRATE + 1.070%) due 4/22/28(d)    178,740 
103,000   4.577% (SOFRRATE + 0.720%) due 5/20/29(d)    102,952 
195,000   6.303% (SOFRRATE + 1.790%) due 10/23/29(d)    202,492 
177,000   5.150% (SOFRRATE + 1.500%) due 4/23/31(d)    179,630 
    Total Financial    15,999,715 
Industrial - 3.6%     
174,000EUR Alltub Group SAS, Senior Secured Notes, 8.748% (3-Month EURIBOR + 6.500%) due 4/30/30(d)    209,043 
206,729   Bioceanico Sovereign Certificate Ltd., Senior Secured Notes, zero coupon, due 6/5/34#    171,072 
15,590,000SEK Cabonline Group Holding AB, Senior Secured Notes, 10.000% due 3/19/28    1,613,136 
204,000   Canadian Pacific Railway Co., Company Guaranteed Notes, 4.800% due 3/30/30    205,815 
200,000   Cemex SAB de CV, Subordinated Notes, 5.125% (5-Year CMT Index + 4.534%)(d)(h)    199,599 
207,000   CNH Industrial Capital LLC, Company Guaranteed Notes, 4.500% due 10/16/30    204,600 
4,000,000NOK Eqva ASA, Senior Secured Notes, 12.220% (3-Month NIBOR + 7.750%) due 2/4/30(a)(d)    427,268 
    GATX Corp., Senior Unsecured Notes:     
99,000   4.700% due 4/1/29    99,322 
81,000   4.000% due 6/30/30    78,988 
105,000   Jacobs Solutions Inc., Company Guaranteed Notes, 4.750% due 3/3/31    103,844 
109,279   Lima Metro Line 2 Finance Ltd., Senior Secured Notes, 5.875% due 7/5/34    111,551 
1,879,000   LSB Industries Inc., Senior Secured Notes, 6.250% due 10/15/28(a)    1,880,755 
168,000   MasTec Inc., Company Guaranteed Notes, 4.500% due 8/15/28(a)    166,340 
200,000   MISC Capital Two Labuan Ltd., Company Guaranteed Notes, 3.750% due 4/6/27    198,564 
67,000   Molex Electronic Technologies LLC, Senior Unsecured Notes, 4.750% due 4/30/28(a)    67,228 
214,000   New Enterprise Stone & Lime Co., Inc., Senior Unsecured Notes, 9.750% due 7/15/28(a)    214,535 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
CORPORATE BONDS & NOTES - (continued)
Industrial - (continued)     
193,000   Northrop Grumman Corp., Senior Unsecured Notes, 4.650% due 7/15/30   $193,815 
156,000   Northrop Grumman Systems Corp., Company Guaranteed Notes, 7.750% due 2/15/31    175,652 
90,000   Otis Worldwide Corp., Senior Unsecured Notes, 4.488% due 5/7/29    89,996 
193,000   Penske Truck Leasing Co. LP/PTL Finance Corp., Senior Unsecured Notes, 5.250% due 2/1/30(a)    195,584 
179,000   Republic Services Inc., Senior Unsecured Notes, 4.750% due 7/15/30    180,706 
80,000   Ryder System Inc., Senior Unsecured Notes, 4.300% due 12/1/30    78,814 
974,000   Sonoco Products Co., Senior Unsecured Notes, 4.450% due 9/1/26    974,282 
35,000   Textron Inc., Senior Unsecured Notes, 3.900% due 9/17/29    34,197 
203,000   Westinghouse Air Brake Technologies Corp., Company Guaranteed Notes, 4.900% due 5/29/30    204,991 
2,172,000   XPO Inc., Senior Secured Notes, 6.250% due 6/1/28(a)    2,199,176 
    Total Industrial    10,278,873 
Technology - 3.9%     
1,400,000EUR Azerion Group NV, Senior Secured Notes, 7.579% (3-Month EURIBOR + 5.500%) due 10/2/29(d)    1,391,232 
500,000EUR Ccit Group AS, Senior Secured Notes, 10.248% (3-Month EURIBOR + 8.000%) due 5/11/29(a)(d)    588,547 
155,000   Dell International LLC/EMC Corp., Company Guaranteed Notes, 4.500% due 2/15/31    153,649 
987,000   Dell International LLC/EMC Corp., Senior Unsecured Notes, 4.900% due 10/1/26    988,148 
18,559,055SEK Impala BondCo PLC, Senior Secured Notes, 12.000% due 10/30/27(b)    974,999 
    Oracle Corp., Senior Unsecured Notes:     
1,831,000   2.650% due 7/15/26    1,827,522 
1,182,000   3.250% due 11/15/27    1,159,434 
75,000   Paychex Inc., Senior Unsecured Notes, 5.100% due 4/15/30    75,860 
49,000   Roper Technologies Inc., Senior Unsecured Notes, 4.250% due 9/15/28    48,696 
2,653,000   SS&C Technologies Inc., Company Guaranteed Notes, 5.500% due 9/30/27(a)    2,653,207 
1,400,000EUR Trustly AB, Senior Secured Notes, 8.825% (3-Month EURIBOR + 6.750%) due 10/8/30(d)    1,404,274 
    Total Technology    11,265,568 
Utilities - 0.9%     
221,000   American Electric Power Co., Inc., Senior Unsecured Notes, 5.200% due 1/15/29    224,892 
187,000   Black Hills Corp., Senior Unsecured Notes, 4.550% due 1/31/31    184,917 
50,000   CenterPoint Energy Inc., Senior Unsecured Notes, 5.400% due 6/1/29    51,185 
172,000   Chile Electricity Lux MPC SARL, Government Guaranteed Notes, 6.010% due 1/20/33    177,134 
222,080   Chile Electricity PEC SpA, Senior Secured Notes, zero coupon, due 1/25/28#    203,758 
136,000   Constellation Energy Generation LLC, Senior Unsecured Notes, 3.900% due 1/8/28    134,933 
104,000   Dominion Energy Inc., Senior Unsecured Notes, 5.000% due 6/15/30    105,342 
107,000   DTE Energy Co., Senior Unsecured Notes, 5.200% due 4/1/30    108,818 
    Essential Utilities Inc., Senior Unsecured Notes:     
101,000   4.800% due 8/15/27    101,399 
4,000   3.566% due 5/1/29    3,884 
15,000   Evergy Inc., Senior Unsecured Notes, 4.250% due 3/15/29    14,863 
179,000   Evergy Kansas Central Inc., Senior Unsecured Notes, 4.700% due 3/13/28    179,772 
110,000   Exelon Corp., Senior Unsecured Notes, 5.150% due 3/15/29    111,836 
4,000   FirstEnergy Transmission LLC, Senior Unsecured Notes, 4.550% due 1/15/30    3,986 
135,500   JSW Hydro Energy Ltd., Senior Secured Notes, 4.125% due 5/18/31    127,047 
103,924   Mexico Generadora de Energia S de rl, Senior Secured Notes, 5.500% due 12/6/32    103,465 
129,800   Minejesa Capital BV, Senior Secured Notes, 4.625% due 8/10/30    128,150 
163,000   Niagara Mohawk Power Corp., Senior Unsecured Notes, 4.647% due 10/3/30(a)    162,146 
    NiSource Inc., Senior Unsecured Notes:     
177,000   5.200% due 7/1/29    180,121 
46,000   4.750% due 5/18/31    45,975 
44,000   Pinnacle West Capital Corp., Senior Unsecured Notes, 4.900% due 5/15/28    44,286 
166,000   Public Service Enterprise Group Inc., Senior Unsecured Notes, 5.875% due 10/15/28    170,840 
27,000   Southern Co. Gas Capital Corp., Company Guaranteed Notes, 4.050% due 9/15/28    26,828 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
CORPORATE BONDS & NOTES - (continued)
Utilities - (continued)     
74,000   Southern Power Co., Senior Unsecured Notes, 4.250% due 10/1/30   $73,001 
    Total Utilities    2,668,578 
 
 		  
 		  
 		 TOTAL CORPORATE BONDS & NOTES
(Cost - $101,059,963) 		 
 		  
 		  
91,783,977		  
 
COLLATERALIZED MORTGAGE OBLIGATIONS - 12.8%     
Mortgage Securities - 12.8%     
120,000   1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A1, 3.901% due 8/10/35(a)    116,400 
200,000   280 Park Avenue Mortgage Trust, Series 2017-280P, Class A, 4.818% (1-Month TSFR + 1.180%) due 9/15/34(a)(d)    199,750 
123,103   Angel Oak Mortgage Trust, Series 2020-6, Class A1, 1.261% due 5/25/65(a)(d)    114,669 
183,000   Arbor Multifamily Mortgage Securities Trust, Series 2021-MF2, Class A2, 2.023% due 6/15/54(a)    182,645 
120,000   ARDN Mortgage Trust, Series 2025-ARCP, Class A, 5.377% (1-Month TSFR + 1.750%) due 6/15/35(a)(d)    120,225 
568,159   Aspire Mortgage Trust, Series 2026-1, Class A3, step bond to yield, 5.209% due 1/25/66(a)    563,838 
    BANK:     
1,195,635   Series 2017-BNK4, Class XA, 1.321% due 5/15/50(d)(i)    8,811 
1,329,688   Series 2017-BNK6, Class XA, 0.753% due 7/15/60(d)(i)    6,869 
230,867   Series 2019-BN24, Class ASB, 2.929% due 11/15/62    225,838 
217,185   Series 2021-BN33, Class ASB, 2.218% due 5/15/64    206,276 
    BANK5:     
326,000   Series 2023-5YR2, Class A3, 6.656% due 7/15/56(d)    336,645 
206,944   Series 2024-5YR5, Class A3, 5.702% due 2/15/29    211,372 
211,680   Series 2024-5YR8, Class A1, 5.188% due 8/15/57    213,421 
4,739,237   Series 2025-5YR19, Class XA, 1.127% due 12/15/58(d)(i)    217,161 
621,668   Barclays Mortgage Loan Trust, Series 2025-NQM3, Class A3, step bond to yield, 5.945% due 5/25/65(a)    623,413 
    BBCMS Mortgage Trust:     
144,575   Series 2024-C24, Class A1, 5.229% due 2/15/57    145,374 
220,093   Series 2025-5C33, Class A1, 4.971% due 3/15/58    221,280 
    Benchmark Mortgage Trust:     
9,134,158   Series 2018-B4, Class XA, 0.460% due 7/15/51(d)(i)    82,932 
147,656   Series 2019-B14, Class A2, 2.915% due 12/15/62    143,857 
3,515,454   Series 2020-B16, Class XA, 1.026% due 2/15/53(d)(i)    88,316 
235,000   Series 2024-V5, Class A3, 5.805% due 1/10/57    240,922 
209,520   Series 2024-V8, Class A1, 5.514% due 7/15/57    211,903 
260,874   Series 2025-V16, Class A1, 4.653% due 8/15/58    260,066 
4,900,000   Series 2025-V19, Class XA, 1.105% due 1/15/58(d)(i)    216,991 
311,633   Series 2026-B42, Class A1, 4.216% due 3/15/59    309,362 
82,000   Series 2026-B43, Class A1, 4.654% due 4/15/63    81,830 
243,525   BLP Commercial Mortgage Trust, Series 2024-IND2, Class A, 4.969% (1-Month TSFR + 1.342%) due 3/15/41(a)(d)  243,830 
    BMO Mortgage Trust:     
210,469   Series 2024-5C4, Class A1, 6.017% due 5/15/57    214,158 
241,000   Series 2024-5C6, Class A2, 4.869% due 9/15/57    241,416 
222,713   Series 2024-C9, Class A1, 5.478% due 7/15/57    224,589 
    BRAVO Residential Funding Trust:     
636,688   Series 2022-RPL1, Class A1, 2.750% due 9/25/61(a)(d)    580,013 
311,660   Series 2023-NQM5, Class A1, step bond to yield, 6.505% due 6/25/63(a)    311,262 
    BX Commercial Mortgage Trust:     
62,181   Series 2021-21M, Class A, 4.471% (1-Month TSFR + 0.844%) due 10/15/36(a)(d)    62,181 
102,935   Series 2021-ACNT, Class B, 4.991% (1-Month TSFR + 1.364%) due 11/15/38(a)(d)    102,999 
105,298   Series 2024-MDHS, Class A, 5.268% (1-Month TSFR + 1.641%) due 5/15/41(a)(d)    105,396 
113,144   Series 2025-BCAT, Class A, 5.007% (1-Month TSFR + 1.380%) due 8/15/42(a)(d)    113,250 
120,000   Series 2026-ALOHA, Class A, 4.977% (1-Month TSFR + 1.350%) due 4/15/43(a)(d)    120,000 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)
Mortgage Securities - (continued)     
120,000   Series 2026-CSMO, Class A, 5.027% (1-Month TSFR + 1.400%) due 2/15/43(a)(d)   $120,300 
123,542   Series 2026-XL6, Class A, 4.827% (1-Month TSFR + 1.200%) due 3/15/43(a)(d)    123,387 
160,000   BX Mortgage Trust, Series 2021-PAC, Class A, 4.431% (1-Month TSFR + 0.804%) due 10/15/36(a)(d)    159,950 
    BX Trust:     
121,758   Series 2021-BXMF, Class A, 4.377% (1-Month TSFR + 0.750%) due 10/15/26(a)(d)    121,720 
125,144   Series 2021-LGCY, Class B, 4.596% (1-Month TSFR + 0.969%) due 10/15/36(a)(d)    125,105 
160,000   Series 2022-LBA6, Class A, 4.627% (1-Month TSFR + 1.000%) due 1/15/39(a)(d)    159,950 
1,431,998   Series 2025-LUNR, Class A, 5.127% (1-Month TSFR + 1.500%) due 6/15/40(a)(d)    1,434,682 
117,602   Series 2025-ROIC, Class A, 4.771% (1-Month TSFR + 1.144%) due 3/15/30(a)(d)    117,419 
120,000   Series 2026-CIP, Class A, 4.850% (1-Month TSFR + 1.200%) due 5/15/38(a)(d)    120,300 
100,000   BXP Trust, Series 2017-GM, Class A, 3.379% due 6/13/39(a)    98,556 
156,580   Cantor Commercial Real Estate Lending, Series 2019-CF1, Class A2, 3.623% due 5/15/52    154,177 
1,201,230   CD Mortgage Trust, Series 2017-CD4, Class XA, 1.201% due 5/10/50(d)(i)    6,252 
287,000   CFCRE Commercial Mortgage Trust, Series 2017-C8, Class XB, 0.863% due 6/15/50(d)(i)    1,816 
    Citigroup Commercial Mortgage Trust:     
179,250   Series 2016-P4, Class A4, 2.902% due 7/10/49    178,878 
231,365   Series 2017-P7, Class A3, 3.442% due 4/14/50    230,016 
100,000   Series 2023-PRM3, Class A, 6.360% due 7/10/28(a)(d)    102,547 
71,576   COLT Mortgage Pass-Through Certificates, Series 2021-1R, Class A1, 0.857% due 5/25/65(a)(d)    65,180 
468,594   COLT Trust, Series 2021-RPL1, Class A1, 1.665% due 9/25/61(a)(d)    431,709 
227,000   Commercial Mortgage Trust, Series 2018-HCLV, Class A, 4.923% (1-Month TSFR + 1.296%) due 9/15/33(a)(d)    214,246 
256,487   Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, 4.662% (SOFR30A + 1.050%) due 1/25/44(a)(d)  256,409 
    Cross Mortgage Trust:     
386,297   Series 2024-H1, Class A1, step bond to yield, 6.085% due 12/25/68(a)    387,745 
461,612   Series 2024-H5, Class A1, step bond to yield, 5.854% due 8/26/69(a)    464,171 
    CSAIL Commercial Mortgage Trust:     
547,206   Series 2017-C8, Class XA, 1.048% due 6/15/50(d)(i)    2,917 
3,334,022   Series 2017-CX10, Class XA, 0.836% due 11/15/50(d)(i)    32,385 
2,904,349   Series 2018-CX12, Class XA, 0.608% due 8/15/51(d)(i)    27,533 
102,166   DBJPM Mortgage Trust, Series 2016-C3, Class A5, 2.890% due 8/10/49    101,972 
170,000   Del Amo Fashion Center Trust, Series 2017-AMO, Class A, 3.636% due 6/5/35(a)(d)    165,815 
879,900   Ellington Financial Mortgage Trust, Series 2022-3, Class A1, step bond to yield, 5.000% due 8/25/67(a)    877,205 
166,056   EQUS Mortgage Trust, Series 2021-EQAZ, Class A, 4.647% (1-Month TSFR + 1.019%) due 10/15/38(a)(d)    166,004 
    Federal Home Loan Mortgage Corp. (FHLMC), REMICS:     
962,286   Series 4987, Class BF, 4.127% (SOFR30A + 0.514%) due 6/25/50(d)    944,678 
647,003   Series 5512, Class FA, 4.512% (SOFR30A + 0.900%) due 3/25/55(d)    644,738 
168,039   Series 5524, Class AF, 4.812% (SOFR30A + 1.200%) due 4/25/55(d)    168,909 
541,765   Series 5596, Class FH, 4.812% (SOFR30A + 1.200%) due 11/25/55(d)    542,888 
286,289   Series 5638, Class AF, 4.612% (SOFR30A + 1.000%) due 3/25/56(d)    286,013 
761,334   Series 5646, Class FG, 4.712% (SOFR30A + 1.100%) due 6/25/55(d)    759,658 
567,361   Series 5650, Class CF, 4.862% (SOFR30A + 1.250%) due 4/25/56(d)    568,992 
118,059   Federal National Mortgage Association (FNMA), Aces, Series 2021-M7, Class A1, 1.708% due 3/25/31(d)    113,521 
    Federal National Mortgage Association (FNMA), REMICS:     
397,752   Series 2018-86, Class MF, 4.027% (SOFR30A + 0.414%) due 12/25/48(d)    392,978 
752,716   Series 2026-21, Class FC, 4.862% (SOFR30A + 1.250%) due 7/25/54(d)    748,482 
550,000   Series 2026-46, Class FB, 4.900% (SOFR30A + 1.200%) due 6/25/56(d)    550,923 
534,555   Freddie Mac STACR REMIC Trust, Series 2026-DNA2, Class M1, 4.812% (SOFR30A + 1.200%) due 3/25/46(a)(d)  534,555 
889,569   Government National Mortgage Association (GNMA), Series 2025-211, Class FD, 4.725% (SOFR30A + 1.100%) due 12/20/55(d)    887,278 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)
Mortgage Securities - (continued)     
150,000   Great Wolf Trust, Series 2024-WOLF, Class A, 5.169% (1-Month TSFR + 1.542%) due 3/15/39(a)(d)   $150,281 
    GS Mortgage Securities Trust:     
3,114,945   Series 2016-GS4, Class XA, 0.451% due 11/10/49(d)(i)    363 
244,970   Series 2017-GS5, Class A3, 3.409% due 3/10/50    243,845 
1,628,291   Series 2017-GS6, Class XA, 0.992% due 5/10/50(d)(i)    10,006 
3,081,309   Series 2017-GS8, Class XA, 0.924% due 11/10/50(d)(i)    24,312 
120,000   Hilton USA Trust, Series 2016-HHV, Class A, 3.719% due 11/5/38(a)    119,561 
65,747   JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP2, Class A4, 2.822% due 8/15/49    65,589 
252,000   JPMBB Commercial Mortgage Securities Trust, Series 2015-C32, Class XA, 0.994% due 11/15/48(d)(i)    15 
271,069   Legacy Mortgage Asset Trust, Series 2021-GS4, Class A1, step bond to yield, 5.650% due 11/25/60(a)    271,294 
100,000   LEX Trust, Series 2026-450, Class A, 4.977% (1-Month TSFR + 1.350%) due 3/15/43(a)(d)    100,250 
    MFA Trust:     
362,760   Series 2023-NQM3, Class A1, step bond to yield, 6.617% due 7/25/68(a)    362,873 
1,041,735   Series 2025-NQM4, Class A3, step bond to yield, 5.685% due 8/25/70(a)    1,039,732 
    Morgan Stanley Capital I Trust:     
591,102   Series 2016-UB11, Class XA, 1.505% due 8/15/49(d)(i)    51 
3,144,624   Series 2016-UB12, Class XA, 0.621% due 12/15/49(d)(i)    770 
712,193   Series 2017-H1, Class XA, 1.285% due 6/15/50(d)(i)    5,827 
119,640   Series 2021-L6, Class A2, 2.126% due 6/15/54(d)    119,139 
140,356   Series 2024-NSTB, Class A, 3.900% due 9/24/57(a)(d)    137,716 
993,124   Morgan Stanley Residential Mortgage Loan Trust, Series 2026-NEW1, Class A1, 5.276% due 4/27/71(a)(d)    991,689 
    New Residential Mortgage Loan Trust:     
603,861   Series 2019-RPL3, Class A1, 2.750% due 7/25/59(a)(d)    584,154 
95,950   Series 2020-NQM1, Class A2, 2.718% due 1/26/60(a)(d)    90,544 
921,976   Series 2024-NQM1, Class A1, step bond to yield, 6.129% due 3/25/64(a)    926,913 
120,000   NJ, Series 2025-WBRK, Class A, 5.867% due 3/5/35(a)(d)    122,875 
80,000   NYO Commercial Mortgage Trust, Series 2021-1290, Class A1, 4.837% (1-Month TSFR + 1.209%) due 11/15/38(a)(d)    80,015 
    OBX Trust:     
476,259   Series 2022-NQM1, Class A1, 2.305% due 11/25/61(a)(d)    427,109 
468,719   Series 2024-NQM5, Class A1, step bond to yield, 5.988% due 1/25/64(a)    470,969 
473,313   Series 2024-NQM7, Class A1, step bond to yield, 6.243% due 3/25/64(a)    476,672 
449,937   Series 2025-NQM14, Class A3, step bond to yield, 5.618% due 7/25/65(a)    449,739 
669,172   Series 2025-NQM7, Class A1, step bond to yield, 5.560% due 5/25/55(a)    672,357 
100,000   PLYM Commercial Mortgage Trust, Series 2026-IND, Class A, 4.877% (1-Month TSFR + 1.250%) due 3/15/43(a)(d)  100,062 
    PRKCM Trust:     
1,289,853   Series 2026-AFC2, Class A1, 5.368% due 4/25/61(a)(d)    1,291,119 
796,557   Series 2026-AFC3, Class A1, 5.384% due 5/1/61(a)(d)    796,636 
640,482   PRPM Trust, Series 2025-NQM2, Class A1, step bond to yield, 5.688% due 4/25/70(a)    643,397 
120,000   SCOTT Trust, Series 2023-SFS, Class AS, 6.204% due 3/10/40(a)    121,370 
330,000   SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, 5.019% (1-Month TSFR + 1.392%) due 5/15/39(a)(d)  330,412 
120,000   SREIT Trust, Series 2021-MFP2, Class A, 4.563% (1-Month TSFR + 0.936%) due 11/15/36(a)(d)    119,962 
680,804   UBS Commercial Mortgage Trust, Series 2017-C1, Class XA, 1.445% due 6/15/50(d)(i)    4,635 
    Velocity Commercial Capital Loan Trust:     
635,886   Series 2021-2, Class A, 1.520% due 8/25/51(a)(d)    546,348 
247,019   Series 2021-2, Class M1, 1.820% due 8/25/51(a)(d)    200,982 
643,029   Series 2024-5, Class A, 5.490% due 10/25/54(a)    641,830 
817,508   Series 2025-4, Class A, 5.190% due 9/25/55(a)(d)    810,489 
    Verus Securitization Trust:     
395,565   Series 2021-7, Class A1, step bond to yield, 2.829% due 10/25/66(a)    360,889 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)
Mortgage Securities - (continued)     
46,559   Series 2021-R1, Class A2, 1.057% due 10/25/63(a)(d)   $45,281 
340,539   Series 2023-INV2, Class A1, step bond to yield, 6.443% due 8/25/68(a)    340,113 
290,937   Series 2024-1, Class A1, step bond to yield, 5.712% due 1/25/69(a)    291,501 
590,815   Series 2024-2, Class A1, step bond to yield, 6.095% due 2/25/69(a)    593,611 
26,183   Vista Point Securitization Trust, Series 2020-2, Class A1, 1.475% due 4/25/65(a)(d)    25,624 
    Wells Fargo Commercial Mortgage Trust:     
169,092   Series 2015-NXS2, Class XA, 0.000% due 7/15/58#(d)(i)    2 
86,879   Series 2021-C60, Class A2, 2.042% due 8/15/54    86,686 
157,962   Series 2026-C66, Class A1, 4.893% due 4/15/59    158,398 
    Total Mortgage Securities    36,715,226 
 
 		  
 		  
 		 TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost - $39,213,812) 		 
 		  
 		  
36,715,226		  
 
U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 8.3%     
U.S. GOVERNMENT OBLIGATIONS - 8.3%     
1,129,834   U.S. Treasury Inflation Indexed Bonds, 2.375% due 1/15/27    1,139,852 
    U.S. Treasury Inflation Indexed Notes:     
1,274,788   0.125% due 4/15/27    1,262,175 
1,148,162   1.625% due 10/15/27    1,157,597 
    U.S. Treasury Notes:     
2,000,000   3.500% due 10/31/27    1,987,109 
9,300,000   0.750% due 1/31/28    8,817,563 
5,500,000   3.500% due 11/15/28    5,430,820 
2,299,000   3.500% due 1/15/29    2,268,017 
1,800,000   0.875% due 11/15/30    1,563,891 
    TOTAL U.S. GOVERNMENT OBLIGATIONS    23,627,024 
 
 		  
 		  
 		 TOTAL U.S. GOVERNMENT AGENCIES & OBLIGATIONS
(Cost - $23,788,615) 		 
 		  
 		  
23,627,024		  
 
COLLATERALIZED LOAN OBLIGATIONS - 5.9%     
Commercial MBS - 2.0%     
180,000   ACREC LLC, Series 2026-FL4, Class A, 5.075% (1-Month TSFR + 1.450%) due 1/18/43(a)(d)    180,147 
88,988   ACREC Ltd., Series 2021-FL1, Class AS, 5.240% (1-Month TSFR + 1.614%) due 10/16/36(a)(d)    88,903 
    Arbor Realty Commercial Real Estate Notes LLC:     
210,000   Series 2025-FL1, Class A, 4.957% (1-Month TSFR + 1.354%) due 1/20/43(a)(d)    210,372 
122,000   Series 2026-FL1, Class A, 5.103% (1-Month TSFR + 1.500%) due 9/20/43(a)(d)    122,374 
190,000   AREIT, Series 2025-CRE11, Class A, 5.175% (1-Month TSFR + 1.550%) due 7/25/43(a)(d)    190,542 
240,000   BDS LLC, Series 2026-FL17, Class A, 5.000% (1-Month TSFR + 1.350%) due 5/19/43(a)(d)    240,063 
    BRSP Ltd.:     
277,000   Series 2024-FL2, Class A, 5.558% (1-Month TSFR + 1.945%) due 8/19/37(a)(d)    277,179 
240,000   Series 2026-FL3, Class A, 5.063% (1-Month TSFR + 1.450%) due 8/19/43(a)(d)    240,312 
150,000   BSPDF Issuer LLC, Series 2026-FL3, Class A, 5.075% (1-Month TSFR + 1.450%) due 9/18/43(a)(d)    150,204 
200,000   BSPRT Issuer LLC, Series 2026-FL13, Class A, 5.125% (1-Month TSFR + 1.500%) due 10/18/43(a)(d)    200,402 
145,468   BSPRT Issuer Ltd., Series 2023-FL10, Class A, 5.886% (1-Month TSFR + 2.259%) due 9/15/35(a)(d)    145,433 
    BXMT Ltd.:     
116,196   Series 2021-FL4, Class A, 5.042% (1-Month TSFR + 1.414%) due 5/15/38(a)(d)    115,389 
240,000   Series 2026-FL6, Class A, 5.063% (1-Month TSFR + 1.450%) due 8/19/43(a)(d)    240,068 
210,000   D2 Multifamily Credit Issuer Ltd., Series 2026-FL1, Class A, 5.110% (1-Month TSFR + 1.450%) due 11/19/43(a)(d)  210,328 
    FS Rialto:     
68,701   Series 2021-FL2, Class A, 5.210% (1-Month TSFR + 1.584%) due 5/16/38(a)(d)    68,636 
146,849   Series 2021-FL3, Class A, 4.990% (1-Month TSFR + 1.364%) due 11/16/36(a)(d)    146,843 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
COLLATERALIZED LOAN OBLIGATIONS - (continued)
Commercial MBS - (continued)     
230,000   FS Rialto Issuer LLC, Series 2026-FL11, Class A, 5.063% (1-Month TSFR + 1.450%) due 1/19/44(a)(d)   $230,476 
    GPMT Ltd.:     
108,086   Series 2021-FL3, Class AS, 5.590% (1-Month TSFR + 1.964%) due 7/16/35(a)(d)    107,567 
159,617   Series 2021-FL4, Class A, 5.043% (1-Month TSFR + 1.464%) due 12/15/36(a)(d)    159,712 
100,000   GS REFT Issuer Ltd., Series 2026-FL1, Class A, 5.113% (1-Month TSFR + 1.500%) due 4/19/43(a)(d)    100,281 
    INCREF LLC:     
250,000   Series 2025-FL1, Class A, 5.341% (1-Month TSFR + 1.728%) due 10/19/42(a)(d)    250,622 
240,000   Series 2026-FL2, Class A, 0.000% (1-Month TSFR + 1.450%) due 12/19/43#(d)    240,000 
220,000   KREF Ltd., Series 2021-FL2, Class B, 5.392% (1-Month TSFR + 1.764%) due 2/15/39(a)(d)    217,815 
250,000   LMNT CRE LLC, Series 2025-FL3, Class A, 5.148% (1-Month TSFR + 1.550%) due 7/21/43(a)(d)    250,332 
230,000   LoanCore Issuer LLC, Series 2025-CRE9, Class A, 5.075% (1-Month TSFR + 1.450%) due 8/18/42(a)(d)    230,445 
6,050   LoanCore Issuer Ltd., Series 2021-CRE6, Class A, 5.042% (1-Month TSFR + 1.414%) due 11/15/38(a)(d)    6,047 
250,000   MF1, Series 2024-FL15, Class A, 5.313% (1-Month TSFR + 1.688%) due 8/18/41(a)(d)    250,706 
    MF1 LLC:     
240,000   Series 2026-FL21, Class A, 4.975% (1-Month TSFR + 1.350%) due 2/18/41(a)(d)    240,077 
200,000   Series 2026-FL22, Class A, 5.060% (1-Month TSFR + 1.400%) due 11/18/43(a)(d)    200,173 
    MF1 Ltd.:     
330,000   Series 2021-FL7, Class AS, 5.190% (1-Month TSFR + 1.564%) due 10/16/36(a)(d)    330,032 
33,152   Series 2022-FL8, Class A, 4.963% (1-Month TSFR + 1.350%) due 2/19/37(a)(d)    33,152 
160,000   PFP Ltd., Series 2026-13, Class A, 5.113% (1-Month TSFR + 1.500%) due 8/18/43(a)(d)    160,459 
    Total Commercial MBS    5,835,091 
Other ABS - 3.9%     
500,000   Bain Capital Credit CLO Ltd., Series 2022-6A, Class A1R, 5.034% (3-Month TSFR + 1.370%) due 1/22/38(a)(d)    501,500 
500,000   Benefit Street Partners CLO 46 Ltd., Series 2025-46A, Class A, 4.879% (3-Month TSFR + 1.210%) due 1/25/39(a)(d)  499,925 
    Carlyle US CLO Ltd.:     
1,000,000   Series 2019-4A, Class A11R, 4.993% (3-Month TSFR + 1.320%) due 4/15/35(a)(d)    1,000,889 
1,000,000   Series 2023-3A, Class A1R, 4.903% (3-Month TSFR + 1.230%) due 10/15/38(a)(d)    1,000,928 
500,000   CarVal CLO IX-C Ltd., Series 2024-1A, Class AR, 4.980% (3-Month TSFR + 1.320%) due 4/20/37(a)(d)    501,172 
500,000   Columbia Cent CLO 33 Ltd., Series 2024-33A, Class A1R, 0.000% (3-Month TSFR + 1.260%) due 4/20/37#(a)(d)    500,558 
1,421,000   Flatiron RR CLO 22 LLC, Series 2021-2A, Class AR, 4.583% (3-Month TSFR + 0.910%) due 10/15/34(a)(d)    1,419,904 
500,000   Franklin Park Place CLO I LLC, Series 2022-1A, Class AR, 4.919% (3-Month TSFR + 1.250%) due 4/14/38(a)(d)(f)  500,902 
500,000   Halseypoint CLO 5 Ltd., Series 2021-5A, Class A1A, 5.135% (3-Month TSFR + 1.472%) due 1/30/35(a)(d)    500,250 
1,000,000   Madison Park Funding LXIII Ltd., Series 2023-63A, Class A1R, 5.072% (3-Month TSFR + 1.400%) due 7/21/38(a)(d)    1,003,309 
1,000,000   OCP CLO Ltd., Series 2024-31A, Class AR, 4.825% (3-Month TSFR + 1.150%) due 4/20/39(a)(d)    999,000 
1,000,000   Octagon Investment Partners 51 Ltd., Series 2021-1A, Class AR, 4.665% (3-Month TSFR + 0.990%) due 7/20/34(a)(d)    998,200 
1,000,000   Rockford Tower CLO Ltd., Series 2024-1A, Class A1, 5.285% (3-Month TSFR + 1.610%) due 4/20/37(a)(d)    1,002,280 
195,090   Sound Point CLO VI-R Ltd., Series 2014-2RA, Class A, 5.187% (3-Month TSFR + 1.512%) due 10/20/31(a)(d)    195,122 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
COLLATERALIZED LOAN OBLIGATIONS - (continued)
Other ABS - (continued)     
500,000   Unity-Peace Park CLO Ltd., Series 2022-1A, Class A1R, 4.735% (3-Month TSFR + 1.060%) due 4/20/35(a)(d)   $500,050 
    Total Other ABS    11,123,989 
 
 		  
 		  
 		 TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost - $16,916,184) 		 
 		  
 		  
16,959,080		  
 
ASSET-BACKED SECURITIES - 4.4%     
Automobile ABS - 0.8%     
174,037   Ally Auto Receivables Trust, Series 2024-2, Class A3, 4.140% due 7/16/29    174,082 
    AmeriCredit Automobile Receivables Trust:     
162,363   Series 2026-1, Class A1, 3.986% due 3/18/27(a)    162,372 
200,000   Series 2026-1, Class A2, 4.030% due 4/18/29(a)    199,800 
175,000   CarMax Auto Owner Trust, Series 2026-1, Class A2A, 3.870% due 4/16/29    174,626 
300,000   Carvana Auto Receivables Trust, Series 2024-P3, Class A4, 4.310% due 9/10/30    298,855 
199,868   GLS Auto Select Receivables Trust, Series 2024-3A, Class A2, 5.590% due 10/15/29(a)    201,487 
992,000   Hertz Vehicle Financing III LLC, Series 2025-1A, Class A, 4.910% due 9/25/29(a)    994,968 
250,000   Santander Drive Auto Receivables Trust, Series 2024-5, Class C, 4.780% due 1/15/31    251,186 
    Total Automobile ABS    2,457,376 
Home Equity ABS - 0.2%     
500,000   GS Mortgage-Backed Securities Trust, Series 2026-CES3, Class A1A, step bond to yield, 5.358% due 9/25/56(a)    500,120 
Other ABS - 3.2%     
239,170   Affirm Asset Securitization Trust, Series 2025-X2, Class A, 4.450% due 10/15/30(a)    239,404 
10,177   Aqua Finance Trust, Series 2020-AA, Class A, 1.900% due 7/17/46(a)    9,575 
500,000   Avant Loans Funding Trust, Series 2024-REV1, Class A, 5.920% due 10/15/33(a)    500,304 
257,083   CAL Funding IV Ltd., Series 2020-1A, Class A, 2.220% due 9/25/45(a)    246,577 
500,000   DataBank Issuer, Series 2023-1A, Class A2, 5.116% due 2/25/53(a)    494,587 
374,000   DB Master Finance LLC, Series 2026-1A, Class A2I, 5.200% due 5/20/56    374,000 
470,000   Domino’s Pizza Master Issuer LLC, Series 2017-1A, Class A23, 4.118% due 7/25/47(a)    467,186 
124,563   GreenSky Home Improvement Issuer Trust, Series 2025-3A, Class A1, 4.340% due 12/27/60(a)    124,679 
66,073   Hilton Grand Vacations Trust, Series 2020-AA, Class A, 2.740% due 2/25/39(a)    65,275 
313,558   Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class A, 2.636% due 10/15/46(a)    297,845 
798,353   Lyra Music Assets Delaware LP, Series 2025-1A, Class A2, 5.604% due 9/20/65(a)    800,665 
250,000   Mariner Finance Issuance Trust, Series 2025-AA, Class A, 4.980% due 5/20/38(a)    251,055 
200,000   Marlette Funding Trust, Series 2025-1A, Class B, 4.950% due 7/16/35(a)    200,237 
    Pagaya AI Debt Grantor Trust:     
249,974   Series 2025-2, Class B, 5.329% due 10/15/32(a)    249,957 
368,258   Series 2025-3, Class A2, 5.365% due 12/15/32(a)    369,353 
    RCKTL:     
128,091   Series 2025-2A, Class A, 4.480% due 11/27/34(a)    128,248 
250,000   Series 2025-2A, Class C, 4.950% due 11/27/34(a)    249,009 
    Reach ABS Trust:     
124,598   Series 2025-2A, Class A, 4.930% due 8/18/32(a)    125,022 
161,997   Series 2026-1A, Class A, 4.320% due 2/15/33(a)    162,028 
300,000   RKTL, Series 2026-2A, Class A, 4.330% due 5/25/35(a)    300,025 
268,398   Sierra Timeshare Receivables Funding LLC, Series 2026-1A, Class A, 4.560% due 12/22/42(a)    266,653 
312,036   Slam Ltd., Series 2024-1A, Class A, 5.335% due 9/15/49(a)    309,450 
    SoFi Consumer Loan Program Trust:     
119,150   Series 2025-1, Class A, 4.800% due 2/27/34(a)    119,475 
250,000   Series 2025-2, Class B, 4.970% due 6/25/34(a)    251,159 
91,553   Series 2025-3, Class A, 4.470% due 8/15/34(a)    91,700 
111,058   Series 2025-4, Class A, 4.240% due 8/25/35(a)    111,025 
364,442   Series 2026-1, Class A, 4.060% due 12/26/35(a)    364,011 
415,000   Series 2026-2, Class A, 4.270% due 3/25/36(a)    414,927 
387,351   Tesla Sustainable Energy Trust, Series 2024-1A, Class A2, 5.080% due 6/21/50(a)    386,142 
159,527   Upgrade Master Pass-Thru Trust, Series 2025-ST7, Class A, 4.546% due 11/15/32(a)    159,524 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
ASSET-BACKED SECURITIES - (continued)
Other ABS - (continued)     
    Upstart Securitization Trust:     
56,793   Series 2024-1, Class A, 5.330% due 11/20/34(a)   $56,915 
105,481   Series 2025-1, Class A, 5.450% due 4/20/35(a)    106,037 
172,713   Series 2025-3, Class A2, 4.600% due 9/20/35(a)    172,717 
    UPSTART Securitization Trust:     
140,725   Series 2026-1, Class A1, 4.142% due 2/22/27(a)    140,732 
250,000   Series 2026-1, Class A2, 4.300% due 3/20/36(a)    249,382 
205,000   Vantage Data Centers Issuer LLC, Series 2021-1A, Class A2, 2.165% due 10/15/46(a)    203,184 
    Total Other ABS    9,058,064 
Student Loan ABS - 0.1%     
93,167   Commonbond Student Loan Trust, Series 2020-AGS, Class A, 1.980% due 8/25/50(a)    83,960 
    Navient Private Education Refi Loan Trust:     
31,403   Series 2020-GA, Class A, 1.170% due 9/16/69(a)    29,467 
207,469   Series 2022-A, Class A, 2.230% due 7/15/70(a)    188,895 
    Total Student Loan ABS    302,322 
WL Collateral CMO - 0.1%     
385,479   First Franklin Mortgage Loan Trust, Series 2003-FF2, Class M1, 5.564% (1-Month TSFR + 1.914%) due 7/25/33(d)    380,781 
 
 		  
 		  
 		 TOTAL ASSET-BACKED SECURITIES
(Cost - $12,662,520) 		 
 		  
 		  
12,698,663		  
 
SENIOR LOANS - 3.5%     
United Kingdom - 0.8%     
2,613,731   888 Holdings PLC, 9.019% (6-Month USD-SOFR + 0.525%) due 7/3/28(d)   2,458,214 
United States - 2.7%     
965,000   Cablevision of Litchfield LLC, 9.000% due 11/25/28    962,587 
1,338,000   Discovery Global Holdings Inc. due 6/30/33(d)(j)    1,340,301 
1,238,000   Gogo Intermediate Holdings LLC due 4/30/28(d)(j)    1,145,323 
2,922,113   Marelli North America Inc. Dip Loan 11.620% (1-Month USD-SOFR + 8.000%) due 12/31/2026(d)   2,965,945 
1,238,000   NRG Energy Inc., 5.364% (1-Month USD-SOFR + 0.175%) due 4/28/33(d)   1,239,288 
    Total United States    7,653,444 
 
 		  
 		  
 		 TOTAL SENIOR LOANS
(Cost - $9,659,937) 		 
 		  
 		  
10,111,658		  
 
MORTGAGE-BACKED SECURITIES - 1.4%     
FHLMC - 0.7%     
    Freddie Mac Pool:     
371,583   5.000% due 10/1/45    368,948 
790,577   5.000% due 6/1/53    781,969 
524,528   5.500% due 7/1/53    528,744 
385,727   5.500% due 2/1/55    392,041 
    TOTAL FHLMC    2,071,702 
FNMA - 0.7%     
    Federal National Mortgage Association (FNMA) Pool:     
353,392   5.000% due 8/1/43    349,713 
345,690   5.500% due 8/1/45    349,491 
386,018   5.500% due 2/1/55    390,947 
300,977   5.500% due 4/1/55    303,648 
522,017   6.000% due 6/1/55    540,564 
    TOTAL FNMA    1,934,363 
 
 		  
 		  
 		 TOTAL MORTGAGE-BACKED SECURITIES
(Cost - $4,012,371) 		 
 		  
 		  
4,006,065		  
 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Face Amount/Units†  Security  Value
SOVEREIGN BONDS - 0.2%
Dominican Republic - 0.0%     
150,000   Dominican Republic International Bond, 5.500% due 2/22/29   $150,526 
Hungary - 0.1%     
200,000   Hungary Government International Bond, 2.125% due 9/22/31    173,268 
Morocco - 0.1%     
200,000   Morocco Government International Bond, 2.375% due 12/15/27    193,447 
Peru - 0.0%     
150,000   Peruvian Government International Bond, 2.844% due 6/20/30    140,625 
 
 		  
 		  
 		 TOTAL SOVEREIGN BONDS
(Cost - $660,911) 		 
 		  
 		  
657,866		  
 

Shares/Units		         
EXCHANGE TRADED FUND (ETF) - 16.5%     
981,910   iShares Core 1-5 Year USD Bond     
    (Cost - $46,080,951)    47,514,625 
COMMON STOCKS - 5.4%     
COMMUNICATIONS - 0.0%     
Internet - 0.0%     
438,406,339   Go North Group AB*(e)(f)    – 
CONSUMER NON-CYCLICAL - 0.0%     
Biotechnology - 0.0%     
75,000   Magle Chemoswed Holding AB*    28,434 
Healthcare-Services - 0.0%     
161,689   UpHealth Inc.*(e)(f)    – 
Pharmaceuticals - 0.0%     
3,224,763   Cannabist Co. Holdings Inc.*(f)    – 
3,224,763   Cannabist Co. Holdings Inc.*    – 
    TOTAL CONSUMER NON-CYCLICAL    28,434 
DIVERSIFIED - 5.4%     
Holding Companies-Diversified - 5.4%     
62,000   Agriculture & Natural Solutions Acquisition Corp.*    703,080 
18,800   AI Infrastructure Acquisition Corp., Class A Shares*    190,256 
34,000   APEX Tech Acquisition Inc.*    342,723 
26,300   Apex Treasury Corp., Class A Shares*    264,315 
30,000   Armada Acquisition Corp. III, Class A Shares*    298,500 
8,000   Blueport Acquisition Ltd., Class A Shares*    80,720 
18,800   Cal Redwood Acquisition Corp., Class A Shares*(f)    192,888 
30,783   Cantor Equity Partners I Inc., Class A Shares*    326,300 
52,635   Crown Reserve Acquisition Corp. I, Class A Shares*    532,140 
26,300   Drugs Made In America Acquisition II Corp.*    264,578 
35,000   Harvard Ave Acquisition Corp., Class A Shares*    353,500 
102,102   Jackson Acquisition Co. II, Class A Shares*    1,083,302 
17,000   K2 Capital Acquisition Corp., Class A Shares*    171,190 
60,817   M3-Brigade Acquisition V Corp., Class A Shares*    657,432 
24,961   Mountain Lake Acquisition Corp., Class A Shares*    265,086 
26,500   NMP Acquisition Corp., Class A Shares*(f)    271,360 
39,246   OTG Acquisition Corp. I, Class A Shares*    398,739 
15,000   Paloma Acquisition Corp. I, Class A Shares*    147,900 
63,658   Republic Digital Acquisition Co., Class A Shares*    658,224 
137,200   Roman DBDR Acquisition Corp. II*    1,443,344 
62,000   RRE Ventures Acquisition Corp.*    620,620 
135,000   Siddhi Acquisition Corp., Class A Shares*    1,401,300 
93,797   Sizzle Acquisition Corp. II, Class A Shares*    968,923 
63,760   Solarius Capital Acquisition Corp., Class A Shares*(f)    654,815 
129,696   Titan Acquisition Corp., Class A Shares*(f)    1,347,542 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)
DIVERSIFIED - (continued)
Holding Companies-Diversified - (continued)     
65,883   Wen Acquisition Corp., Class A Shares*   $677,277 
13,500   Westin Acquisition Corp., Class A Shares*(f)    136,350 
30,000   White Pearl Acquisition Corp., Class A Shares*    299,400 
34,000   XFLH Capital Corp.*    338,980 
29,000   Xsolla SPAC 1*(f)    288,550 
    Total Holding Companies-Diversified    15,379,334 
    TOTAL DIVERSIFIED    15,379,334 
FINANCIAL - 0.0%     
Financial Services - 0.0%     
16,305   Alpha Partners Technology*(e)(f)    – 
    TOTAL COMMON STOCKS
(Cost - $15,315,919) 		   15,407,768 
PREFERRED STOCK - 0.5%     
FINANCIAL - 0.5%     
Investment Companies - 0.5%     
56,213   Runway Growth Finance Corp., 9.000%
(Cost - $1,405,325) 		   1,438,490 
WARRANTS - 0.0%     
DIVERSIFIED - 0.0%     
Holding Companies-Diversified - 0.0%     
15,000   Armada Acquisition Corp. III*(f)    4,200 
43,327   Leafly Holdings Inc.*@(e)(f)    – 
    Total Holding Companies-Diversified    4,200 
    TOTAL DIVERSIFIED    4,200 
 
 		  
 		  
 		 TOTAL WARRANTS
(Cost - $3,285) 		 
 		  
 		  
4,200		  
 
RIGHT - 0.0%     
5,250   White Pearl Acquisition Corp.*(f)
(Cost - $2,662)		   2,520 
    TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS
(Cost - $270,782,455)		   260,927,162 

 

Face Amount      
SHORT-TERM INVESTMENTS - 9.7%
COMMERCIAL PAPERS - 4.0%     
$2,120,000   Genuine Parts Co., 4.585% due 7/8/26(a)(k)    2,109,400 
 1,859,000   HCA Inc., 4.347% due 8/26/26(a)(k)    1,838,599 
 2,090,000   International Flavors & Fragrances Inc., 4.316% due 6/30/26(a)(k)    2,082,509 
 2,253,000   Keurig Dr Pepper Inc., 4.375% due 6/10/26(a)(k)    2,249,873 
 1,273,000   Phillips 66, 4.413% due 6/29/26(a)(k)    1,268,581 
 1,877,000   TELUS Corp., 4.519% due 10/16/26(a)(k)    1,844,809 
     TOTAL COMMERCIAL PAPERS
(Cost - $11,397,401) 		   11,393,771 
CORPORATE NOTE - 0.6%     
 1,642,106   Go North Group AB, 9.583% due 1/22/30(d)(e)(f)
(Cost - $1,513,242) 		   1,642,106 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Low Duration Fixed Income Fund (continued)

Face Amount 		  Security   Value
SHORT-TERM INVESTMENTS - (continued)  
TIME DEPOSITS - 5.1%  
$   9,388,059     ANZ National Bank - London, 2.970% due 6/1/26   $ 9,388,059  
    2,102,987     Citibank - New York, 2.970% due 6/1/26       2,102,987  
    169,388     JPMorgan Chase & Co. - New York, 2.970% due 6/1/26       169,388  
  3,046,942     Skandinaviska Enskilda Banken AB - Stockholm, 2.970% due 6/1/26     3,046,942  
        TOTAL TIME DEPOSITS        
        (Cost - $14,707,376)       14,707,376  
        TOTAL SHORT-TERM INVESTMENTS        
        (Cost - $27,618,019)       27,743,253  

 


Shares/Units		            
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 2.1%  
MONEY MARKET FUND - 2.1%  
  5,886,091     Federated Government Obligations Fund, Premier Class, 3.548%(l)        
      (Cost - $5,886,091)       5,886,091  
      TOTAL INVESTMENTS - 102.7%        
      (Cost - $304,286,565)       294,556,506  
      Liabilities in Excess of Other Assets - (2.7)%     (7,805,367 )
      TOTAL NET ASSETS - 100.0%     $ 286,751,139  

 

 

† Face amount denominated in U.S. dollars, unless otherwise noted.
# Security issued with zero coupon. Income is recognized through accretion of discount.
* Non-income producing security.
(a) Restricted security that may be sold to “qualified institutional buyers” pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $99,391,067 and represents 34.66% of net assets.  
(b) Payment in-kind security for which part of the income earned may be paid as additional principal. At the option of the issuer.
(c) All or a portion of this security is on loan.
(d) Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2026.
(e) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(f) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $19,663,468 and represents 6.86% of net assets.
(g) Security is currently in default.
(h) Security is perpetual in nature and has no stated maturity date.
(i) Interest only security.
(j) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.
(k) Rate shown represents yield-to-maturity.
(l) Represents investment of collateral received from securities lending transactions.
@

Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.

 

Security  First
Acquisition
Date		  First
Acquisition
Cost		  Market
Value		  Percent of
Net Assets
Leafly Holdings Inc.            2/7/2022  $—  $—   0.00%*
Leafly Holdings Inc., Senior Unsecured Notes, 8.000% due 7/1/25            2/4/2022   8,497,000   5,832,700   2.03%
          $5,832,700   2.03%

 

 
*  Position represents less than 0.005%     
 

Schedules of Investments

May 31, 2026 (unaudited)

 

Destinations Low Duration Fixed Income Fund (concluded)

 

 

Abbreviations used in this schedule:
CLO — Collateralized Loan Obligation
CMT — Constant Maturity Treasury Index
EURIBOR — Euro Interbank Offered Rate
LLC — Limited Liability Company
LP — Limited Partnership
MFA — Mortgage Finance Authority
NIBOR — Norwegian Interbank Offered Rate
PLC — Public Limited Company
REMICS — Real Estate Mortgage Investment Conduit
SARL — Société à Responsabilité Limitée
SOFR — Secured Overnight Financing Rate
STIBOR — Stockholm Interbank Offered Rate
TSFR — CME Term SOFR Reference Rate

 

Summary of Investments by Security Type^
Corporate Bonds & Notes    31.2%
Exchange Traded Fund (ETF)    16.1 
Collateralized Mortgage Obligations    12.5 
U.S. Government Agencies & Obligations    8.0 
Collateralized Loan Obligations    5.8 
Common Stocks    5.2 
Asset-Backed Securities    4.3 
Senior Loans    3.4 
Mortgage-Backed Securities    1.4 
Preferred Stock    0.5 
Sovereign Bonds    0.2 
Warrants    0.0*
Right    0.0*
Short-Term Investments    9.4 
Money Market Fund    2.0 
    100.0%

 

^  As a percentage of total investments.     
*  Position represents less than 0.05%     

 

At May 31, 2026, Destinations Low Duration Fixed Income Fund had open forward foreign currency contracts as described below.

 

The unrealized appreciation (depreciation) on the open contracts were as follows:

 

Foreign Currency 

Local

Currency

  Counterparty  Market
Value		  Settlement Date 

Unrealized

Appreciation

  Unrealized (Depreciation)    Unrealized Appreciation
(Depreciation)
Contracts to Sell:                                  
Euro    8,285,000    BBH   $9,681,792   7/15/26  $74,127   $–  $ 74,127 
Norwegian Krone    3,815,000    BBH    412,358   7/15/26   3,744    –     3,744 
Swedish Krona    35,485,000    BBH    3,852,490   7/15/26   –    (18,855)    (18,855)
Net Unrealized Appreciation on Open Forward Foreign Currency Contracts               $77,871     $(18,855) $ 59,016 

 

Counterparty Abbreviations used in this schedule:
BBH — Brown Brothers Harriman & Co.
     
Currency Abbreviations used in this schedule:
EUR — Euro
NOK — Norwegian Krone
SEK — Swedish Krona
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Global Fixed Income Opportunities Fund
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - 75.7%
Argentina - 0.6%
650,000  Banco Macro SA, Senior Unsecured Notes, 8.000% due 1/28/31(a)   $670,475 
1,677,000  Empresa Distribuidora Y Comercializadora Norte, Senior Unsecured Notes, 9.500% due 4/28/33(a)    1,681,192 
700,000  Pampa Energia SA, Senior Unsecured Notes, 7.750% due 11/14/37(a)    704,200 
450,000  Vista Energy Argentina SAU, Senior Unsecured Notes, 8.500% due 6/10/33(a)(b)    479,250 
375,000  YPF SA, Senior Unsecured Notes, step bond to yield, 7.000% due 9/30/33    376,575 
   Total Argentina    3,911,692 
Australia - 0.1%     
200,000  Fortescue Treasury Pty Ltd., Senior Unsecured Notes, 6.125% due 4/15/32(a)    207,080 
300,000  Hillgrove Mines Pty Ltd., Senior Secured Notes, 12.000% due 8/1/29    315,000 
222,000  Mineral Resources Ltd., Senior Unsecured Notes, 9.250% due 10/1/28(a)    230,266 
   Total Australia    752,346 
Austria - 0.1%    
700,000EUR Lenzing AG, Subordinated Notes, 9.000% (3-Year EURIBOR ICE Swap Rate + 12.105%)(c)(d)    819,991 
Bermuda - 0.9%    
255,020  Digicel Group Holdings Ltd., Senior Secured Notes, zero coupon, due 12/31/30#(a)    10,032 
4,167,000  Golar LNG Ltd., Senior Unsecured Notes, 7.500% due 10/2/30(a)    4,260,828 
875,000  SP Cruises Intermediate Ltd., Senior Secured Notes, 11.500% due 3/14/30(a)    854,565 
650,000  Viking Cruises Ltd., Company Guaranteed Notes, 9.125% due 7/15/31(a)    683,443 
   Total Bermuda    5,808,868 
Brazil - 0.4%        
2,484,131  Prumo Participacoes e Investimentos S/A, Senior Secured Notes, 7.500% due 12/31/31    2,533,857 
British Virgin Islands - 0.4%    
1,200,000  Gold Fields Orogen Holdings BVI Ltd., Company Guaranteed Notes, 6.125% due 5/15/29    1,234,704 
1,325,500  Star Energy Geothermal Wayang Windu Ltd., Senior Secured Notes, 6.750% due 4/24/33    1,354,920 
   Total British Virgin Islands    2,589,624 
Canada - 1.8%     
750,000  Aris Mining Corp., Company Guaranteed Notes, 8.000% due 10/31/29(a)    772,783 
1,793,000  Brookfield Residential Properties Inc./Brookfield Residential US LLC, Company Guaranteed Notes, 4.875% due 2/15/30(a)    1,657,519 
6,647,000  Cannabist Co. Holdings Inc., Senior Secured Notes, 9.250% due 12/31/28(e)(f)    2,991,150 
500,000  Frontera Energy Corp., Company Guaranteed Notes, 7.875% due 6/21/28(b)    498,750 
200,000  Parex Resources Inc., Company Guaranteed Notes, 8.500% due 5/11/31(a)    205,885 
2,500,000  Polaris Renewable Energy Inc., Senior Secured Notes, 9.500% due 12/3/29    2,618,750 
3,361,000  Trulieve Cannabis Corp., Senior Secured Notes, 10.500% due 12/17/30(a)    3,465,647 
   Total Canada    12,210,484 
Cayman Islands - 2.1%    
2,928,660  Bioceanico Sovereign Certificate Ltd., Senior Secured Notes, zero coupon, due 6/5/34#    2,423,525 
848,000  C&W Senior Finance Ltd., Company Guaranteed Notes, 9.000% due 1/15/33(a)    865,696 
1,557,000  CHC Group LLC, Senior Secured Notes, 11.750% due 9/1/30(a)    1,318,516 
1,900,000  Cosan Overseas Ltd., Company Guaranteed Notes, 8.250%(d)    1,884,325 
390,000  Ittihad International II Ltd., Company Guaranteed Notes, 7.375% due 11/13/30(a)    394,800 
2,695,550  Lima Metro Line 2 Finance Ltd., Senior Secured Notes, 5.875% due 7/5/34(b)    2,751,593 
1,839,600  Rutas 2 & 7 Finance Ltd., Senior Secured Notes, zero coupon, due 9/30/36#    1,398,096 
2,307,000  Sable International Finance Ltd., Senior Secured Notes, 7.125% due 10/15/32(a)    2,283,271 
1,000,000  Vale Overseas Ltd., Company Guaranteed Notes, 6.000% (5-Year CMT Index + 2.431%) due 2/25/56(c)    1,002,900 
   Total Cayman Islands    14,322,722 
Chile - 1.9%        
150,000  Agrosuper SA, Senior Unsecured Notes, 4.600% due 1/20/32    143,806 
1,400,000  Banco Santander Chile, Senior Unsecured Notes, 4.550% due 11/20/30(a)    1,382,500 
3,700,000  CAP SA, Senior Unsecured Notes, 3.900% due 4/27/31    3,106,883 
2,516,903  Chile Electricity PEC SpA, Senior Secured Notes, zero coupon, due 1/25/28#(a)    2,309,259 
1,100,000  Corp. Nacional del Cobre de Chile, Senior Unsecured Notes, 3.000% due 9/30/29    1,039,978 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued)     
Chile - (continued)    
1,076,000   DB Terra Chile HoldCo SpA, Company Guaranteed Notes, 7.950% due 4/20/31(a)   $1,069,716 
182,350   Empresa Electrica Angamos SA, Senior Secured Notes, 4.875% due 5/25/29    167,767 
700,400   GNL Quintero SA, Senior Unsecured Notes, 4.634% due 7/31/29    698,742 
1,050,000   Inversiones CMPC SA, Company Guaranteed Notes, 6.700% (5-Year CMT Index + 2.834%) due 12/9/57(c)    1,037,400 
    WOM Chile Holdco SpA, Unsecured Notes:     
1,738,474   5.000% due 4/1/32(a)(g)    1,564,140 
93,627   5.000% due 4/1/32(g)    84,238 
    Total Chile    12,604,429 
Colombia - 1.5%    
800,000   Banco Davivienda SA, Junior Subordinated Notes, 6.650% (5-Year CMT Index + 5.097%)(c)(d)    722,099 
    Banco Davivienda SA, Subordinated Notes:     
800,000   8.125% (5-Year CMT Index + 4.588%) due 7/2/35(a)(c)    810,475 
500,000   8.125% (5-Year CMT Index + 4.588%) due 7/2/35(c)    506,547 
3,000,000   Ecopetrol SA, Senior Unsecured Notes, 5.875% due 11/2/51    2,182,238 
1,300,000   Empresas Publicas de Medellin ESP, Senior Unsecured Notes, 4.375% due 2/15/31    1,176,846 
596,080   Fideicomiso PA Pacifico Tres, Senior Secured Notes, 8.250% due 1/15/35    609,313 
4,352,000   Grupo Nutresa SA, Subordinated Notes, 7.875% (5-Year CMT Index + 4.103%)(a)(c)(d)    4,286,720 
    Total Colombia    10,294,238 
France - 0.8%    
1,054,000EUR CAB SELAS, Senior Secured Notes, 7.750% due 8/9/31    1,235,756 
2,940,000EUR Emeria SASU, Senior Secured Notes, 7.750% due 3/31/28    2,844,924 
    Goldstory SAS, Senior Secured Notes:     
300,000EUR  6.149% (3-Month EURIBOR + 4.000%) due 2/1/30(c)    349,783 
100,000EUR  6.750% due 2/1/30    117,768 
513,000   Viridien, Senior Secured Notes, 10.000% due 10/15/30(a)    548,626 
    Total France    5,096,857 
Germany - 2.4%    
2,768,000EUR  Duran Life Science Holding GmbH, Senior Secured Notes, 8.731% (3-Month EURIBOR + 6.500%) due 5/31/30(c)    3,115,707 
    IHO Verwaltungs GmbH, Senior Secured Notes:     
400,000   7.750% due 11/15/30(a)(g)    413,562 
300,000   8.000% due 11/15/32(a)(g)    313,119 
2,253,000EUR  JDC Group AG, Senior Secured Notes, 6.690% (3-Month EURIBOR + 4.500%) due 8/28/29(a)(c)    2,628,066 
1,000,000EUR  Kolibri Beteiligungsgesellschaft mbH & Co. KGaA, Senior Secured Notes, 9.254% (3-Month EURIBOR + 7.000%) due 2/13/29(a)(c)    1,153,861 
1,305,000EUR  LifeFit Group MidCo GmbH, Senior Secured Notes, 9.229% (3-Month EURIBOR + 7.000%) due 8/29/29(c)    1,584,713 
1,600,000EUR  Muehlhan Holding GmbH, Senior Secured Notes, 8.104% (3-Month EURIBOR + 5.900%) due 5/15/30(a)(c)    1,907,871 
3,061,000EUR  Platform Group SE & Co. KGaA, Company Guaranteed Notes, 8.875% due 7/11/28    2,621,187 
1,487,000EUR  Secop Group Holding GmbH, Senior Secured Notes, 10.535% (3-Month EURIBOR + 8.400%) due 12/29/26(c)    1,743,137 
443,000EUR  smava GmbH, Senior Secured Notes, 9.181% (3-Month EURIBOR + 7.000%) due 5/22/29(c)    536,281 
    Total Germany    16,017,504 
Gibraltar - 1.9%    
    888 Acquisitions Ltd., Senior Secured Notes:     
668,000EUR  7.704% (3-Month EURIBOR + 5.500%) due 7/15/28(c)    761,858 
7,914,000GBP  10.750% due 5/15/30    10,316,821 
1,370,000EUR  8.000% due 9/30/31(a)    1,515,079 
    Total Gibraltar    12,593,758 
Guatemala - 0.2%    
200,000   CT Trust, Senior Secured Notes, 5.125% due 2/3/32    190,734 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued)    
Guatemala - (continued)    
     Industrial Subordinated Trust 2 0, Subordinated Notes:     
500,000    6.550% (5-Year CMT Index + 2.864%) due 4/15/36(c)   $506,750 
400,000    6.550% (5-Year CMT Index + 2.864%) due 4/15/36(a)(c)    405,400 
     Total Guatemala    1,102,884 
India - 1.8%          
2,000,000    Adani Electricity Mumbai Ltd., Senior Secured Notes, 3.949% due 2/12/30    1,891,965 
1,715,500    Adani International Container Terminal Pvt Ltd., Senior Secured Notes, 3.000% due 2/16/31    1,594,517 
     Adani Ports & Special Economic Zone Ltd., Senior Unsecured Notes:     
400,000    4.375% due 7/3/29    390,311 
1,100,000    3.100% due 2/2/31    995,628 
400,000    5.000% due 8/2/41    355,287 
726,750    Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd./Wardha Solar Maharash, Senior Secured Notes, 4.625% due 10/15/39    616,528 
1,651,000    Adani Transmission Step-One Ltd., Senior Secured Notes, 4.250% due 5/21/36    1,499,986 
2,777,750    JSW Hydro Energy Ltd., Senior Secured Notes, 4.125% due 5/18/31    2,604,460 
1,350,000    JSW Infrastructure Ltd., Senior Secured Notes, 4.950% due 1/21/29    1,340,778 
750,000    Reliance Industries Ltd., Senior Unsecured Notes, 3.667% due 11/30/27    738,887 
     Total India    12,028,347 
Indonesia - 0.7%    
800,000    Indofood CBP Sukses Makmur Tbk PT, Senior Unsecured Notes, 3.398% due 6/9/31    737,703 
     Pertamina Persero PT, Senior Unsecured Notes:     
1,400,000    3.650% due 7/30/29    1,351,460 
600,000    2.300% due 2/9/31    532,515 
     Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior Unsecured Notes:     
1,700,000    4.125% due 5/15/27    1,690,290 
400,000    3.875% due 7/17/29    386,605 
     Total Indonesia    4,698,573 
Ireland - 0.4%     
     Priority 1 Issuer Logistics DAC, Senior Secured Notes:     
2,058,041    12.625% due 11/19/27    1,602,793 
641,332    13.625% due 11/19/27(g)    112,233 
1,133,000EUR   Virgin Media O2 Vendor Financing Notes VII DAC, Senior Secured Notes, 7.500% due 7/15/33(a)    1,151,576 
     Total Ireland    2,866,602 
Italy - 0.8%          
1,299,000EUR   Almaviva-The Italian Innovation Co. SpA, Senior Secured Notes, 5.000% due 10/30/30    1,474,686 
301,000EUR   Conceria Pasubio SpA, Senior Secured Notes, 6.635% (3-Month EURIBOR + 4.500%) due 9/30/28(c)    326,338 
1,600,000EUR   EVOCA SpA, Senior Secured Notes, 7.420% (3-Month EURIBOR + 5.250%) due 4/9/29(c)    1,589,175 
560,000EUR   Gruppo San Donato SpA, Senior Secured Notes, 6.500% due 10/31/31(a)    629,155 
1,436,000EUR   Zenita Group SpA, Senior Secured Notes, 7.377% (3-Month EURIBOR + 5.250%) due 12/31/32(c)    1,474,180 
     Total Italy    5,493,534 
Japan - 0.0%          
300,000    Rakuten Group Inc., Senior Unsecured Notes, 9.750% due 4/15/29(a)    327,805 
Jersey, Channel Islands - 0.5%    
900,000    Aptiv Swiss Holdings Ltd., Company Guaranteed Notes, 6.875% (5-Year CMT Index + 3.385%) due 12/15/54(c)    923,019 
1,059,000GBP   TVL Finance PLC, Senior Secured Notes, 10.250% due 4/28/28    1,343,166 
1,087,552GBP   Wheel Bidco Ltd., Senior Secured Notes, 9.875% due 9/15/29    1,311,979 
     Total Jersey, Channel Islands    3,578,164 
Kazakhstan - 0.2%    
     ForteBank JSC, Junior Subordinated Notes:     
900,000    9.750% (5-Year CMT Index + 6.188%)(c)(d)(e)    924,823 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued) 
Kazakhstan - (continued)    
211,000    9.750% (5-Year CMT Index + 6.188%)(a)(c)(d)(e)   $216,855 
     Total Kazakhstan    1,141,678 
Luxembourg - 3.4%     
1,307,638    Acu Petroleo Luxembourg SARL, Senior Secured Notes, 7.500% due 1/13/32    1,342,697 
900,000    Albion Financing 1 SARL/Aggreko Holdings Inc., Senior Secured Notes, 7.000% due 5/21/30(a)    929,205 
2,720,000    Auna SA/Oncosalud SAC, Senior Secured Notes, 8.750% due 11/6/32(a)    2,725,440 
     Chile Electricity Lux Mpc II SARL, Government Guaranteed Notes:     
1,067,958    5.672% due 10/20/35    1,088,014 
970,871    5.672% due 10/20/35(a)    989,104 
1,565,200    Chile Electricity Lux Mpc SARL, Government Guaranteed Notes, 6.010% due 1/20/33    1,611,921 
1,800,000    CSN Resources SA, Company Guaranteed Notes, 5.875% due 4/8/32    1,140,021 
1,134,231EUR   Cullinan Holdco Scsp, Senior Secured Notes, 8.500% due 10/15/29    1,249,274 
1,857,000EUR   Flamingo Lux II SCA, Senior Unsecured Notes, 5.000% due 3/31/29    780,311 
500,000    FS Luxembourg SARL, Company Guaranteed Notes, 8.125% due 2/11/36(a)(b)    472,538 
147,330    Guara Norte SARL, Senior Secured Notes, 5.198% due 6/15/34    143,722 
1,198,000    Herens Holdco SARL, Senior Secured Notes, 4.750% due 5/15/28(a)    1,051,232 
500,000    J&F LUXEMBOURG FINANCE SARL, Senior Unsecured Notes, 8.500% due 12/1/32(a)    503,550 
     Millicom International Cellular SA, Senior Unsecured Notes:     
900,000    5.125% due 1/15/28    893,954 
270,000    6.250% due 3/25/29    271,905 
200,000    4.500% due 4/27/31(b)    186,327 
900,000    Minerva Luxembourg SA, Company Guaranteed Notes, 8.875% due 9/13/33    944,960 
1,750,000    Newco Holding Eur 29 SARL, Senior Secured Notes, 11.000% due 2/20/30(a)    1,660,734 
500,000    Nexa Resources SA, Company Guaranteed Notes, 6.500% due 1/18/28    508,626 
1,188,000    Oceanica Lux, Senior Secured Notes, 11.250% due 5/8/31(a)    1,208,790 
600,000    Simpar Europe SA, Company Guaranteed Notes, 5.200% due 1/26/31    511,800 
300,000    Telecom Italia Capital SA, Company Guaranteed Notes, 7.200% due 7/18/36    326,873 
927,764    Tierra Mojada Luxembourg II SARL, Senior Secured Notes, 5.750% due 12/1/40    904,801 
900,000    Vamos Europe SA, Company Guaranteed Notes, 9.200% due 1/26/31(b)    884,700 
555,412EUR   Vivion Investments SARL, Senior Secured Notes, 8.250% due 8/31/28(g)    651,414 
     Total Luxembourg    22,981,913 
Malaysia - 0.0%    
400,000    MISC Capital Two Labuan Ltd., Company Guaranteed Notes, 3.750% due 4/6/27    397,128 
Marshall Islands - 0.2%     
1,200,000    Navios South American Logistics Inc., Senior Secured Notes, 8.875% due 7/14/30(a)    1,239,847 
Mexico - 3.5%    
     Banco Mercantil del Norte SA/Grand Cayman, Junior Subordinated Notes:     
200,000    7.500% (5-Year CMT Index + 5.470%)(c)(d)    199,556 
600,000    7.625% (5-Year CMT Index + 5.353%)(c)(d)    602,431 
900,000    8.375% (5-Year CMT Index + 4.072%)(a)(c)(d)    934,874 
250,000    8.375% (5-Year CMT Index + 4.072%)(c)(d)    259,688 
641,000    Banco Nacional de Comercio Exterior SNC/Cayman Islands, Subordinated Notes, 6.000% (5-Year CMT Index + 1.956%) due 5/14/36(a)(c)    637,795 
2,100,000    Banco Nacional de Mexico SA, Subordinated Notes, 6.697% (5-Year CMT Index + 2.682%) due 8/7/36(a)(c)    2,095,590 
     BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico/TX, Subordinated Notes:     
800,000    5.125% (5-Year CMT Index + 2.650%) due 1/18/33(c)    782,504 
700,000    5.875% (5-Year CMT Index + 4.308%) due 9/13/34(c)    687,700 
1,200,000    8.125% (5-Year CMT Index + 4.214%) due 1/8/39(c)    1,288,177 
1,090,474    Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy, Senior Secured Notes, 7.875% due 2/15/39(a)(b)    1,154,194 
     Cemex SAB de CV, Subordinated Notes:     
1,550,000    5.125% (5-Year CMT Index + 4.534%)(c)(d)    1,546,892 
500,000    7.200% (5-Year CMT Index + 3.520%)(c)(d)    514,450 
505,400    Cometa Energia SA de CV, Senior Secured Notes, 6.375% due 4/24/35    526,914 
1,000,000    Comision Federal de Electricidad, Company Guaranteed Notes, 6.450% due 1/24/35(a)    1,000,988 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
           
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued) 
Mexico - (continued)     
229,000    Comision Federal de Electricidad, Senior Unsecured Notes, 6.500% due 1/28/51(a)   $222,325 
850,000    Esentia Energy Development SAB de CV, Company Guaranteed Notes, 6.125% due 7/30/33(a)    848,725 
     FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, Senior Secured Notes:     
940,982    7.250% due 1/31/41    957,261 
396,203    7.250% due 1/31/41(a)    403,057 
     Grupo Aeromexico SAB de CV, Senior Secured Notes:     
1,820,000    8.250% due 11/15/29    1,848,902 
1,717,000    8.625% due 11/15/31    1,747,047 
1,870,632    Mexico Generadora de Energia S de rl, Senior Secured Notes, 5.500% due 12/6/32    1,862,368 
     Orbia Advance Corp. SAB de CV, Company Guaranteed Notes:     
400,000    6.750% due 9/19/42    353,018 
450,000    5.875% due 9/17/44    357,655 
     Total Play Telecomunicaciones SA de CV, Senior Secured Notes:     
1,203,650    10.500% due 12/31/28    1,191,710 
1,300,000    11.125% due 12/31/32(a)    1,229,150 
     Total Mexico    23,252,971 
Morocco - 0.3%    
1,700,000    OCP SA, Senior Unsecured Notes, 6.750% due 5/2/34    1,786,659 
Multinational - 0.5%     
500,000    Cascades Inc./Cascades USA Inc., Company Guaranteed Notes, 5.375% due 1/15/28(a)    498,341 
1,200,000    Connect Finco SARL/Connect US Finco LLC, Senior Secured Notes, 9.000% due 9/15/29(a)    1,267,100 
     Cyprium Corp./Cyprium Holdings Luxembourg SARL, Company Guaranteed Notes:     
100,000    6.125% due 4/15/31(a)    100,036 
450,000    6.375% due 4/15/34(a)    449,081 
950,000    Digicel International Finance Ltd./Difl US LLC, Senior Secured Notes, 8.625% due 8/1/32(a)    984,945 
100,000    EF Holdco/EF Cayman Hold/Ellington Fin REIT Cayman/TRS/EF Cayman Non-MTM, Company Guaranteed Notes, 7.375% due 9/30/30    99,873 
     Total Multinational    3,399,376 
Netherlands - 2.3%    
1,604,000    Ardshinbank CJSC Via Dilijan Finance BV, Senior Unsecured Notes, 6.600% due 1/22/31(a)    1,609,223 
1,600,000EUR   Arles I BV, Senior Secured Notes, 8.649% (3-Month EURIBOR + 6.500%) due 11/4/30(a)(c)    1,903,654 
700,000EUR   Boston Bidco Netherlands BV, Senior Secured Notes, 8.127% (3-Month EURIBOR + 6.000%) due 3/31/30(a)(c)    840,981 
209,000EUR   Centrient Holding BV, Senior Secured Notes, 6.750% due 5/30/30    203,406 
     Minejesa Capital BV, Senior Secured Notes:     
649,000    4.625% due 8/10/30    640,749 
450,000    5.625% due 8/10/37    432,518 
1,309,470    Mong Duong Finance Holdings BV, Senior Secured Notes, 5.125% due 5/7/29    1,295,761 
2,498,508    MV24 Capital BV, Senior Secured Notes, 6.748% due 6/1/34    2,523,380 
450,000    Petrobras Global Finance BV, Company Guaranteed Notes, 5.125% due 9/10/30    444,600 
     Veon Midco BV, Company Guaranteed Notes:     
1,696,000    6.950% due 6/1/31(a)    1,696,136 
1,374,000    7.450% due 6/1/33(a)    1,375,140 
400,000    VZ Secured Financing BV, Senior Secured Notes, 7.500% due 1/15/33(a)    384,633 
     Yinson Bergenia Production BV, Senior Secured Notes:     
789,360    8.498% due 1/31/45    838,964 
493,350    8.498% due 1/31/45(a)    524,353 
700,000    Ziggo Bond Co. BV, Company Guaranteed Notes, 5.125% due 2/28/30(a)    610,852 
     Total Netherlands    15,324,350 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
           
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued)
Norway - 1.4%     
1,600,000EUR   Athomstart Invest 1083 AS, Senior Secured Notes, 8.231% (3-Month EURIBOR + 6.000%) due 6/4/30(a)(c)   $1,900,205 
17,500,000NOK   Bonheur ASA, Senior Unsecured Notes, 6.720% (3-Month NIBOR + 2.350%) due 10/9/29(a)(c)    1,911,855 
1,800,000    DNO ASA, Subordinated Notes, step bond to yield, 10.750% due 6/17/85(a)    1,926,343 
1,500,000    NES Fircroft Bondco AS, Senior Secured Notes, 8.000% due 9/30/29(a)    1,522,435 
17,000,000NOK   Nord-troendelag Elektrisitetsverk AS, Senior Unsecured Notes, 4.858% due 9/10/32    1,803,260 
340,000    Twma Finance AS, Senior Secured Notes, 12.250% due 2/10/29(a)    345,100 
     Total Norway    9,409,198 
Panama - 0.1%     
700,000    Generadora de Gatun SA, Senior Secured Notes, 6.874% due 9/30/44(a)(b)    717,975 
Paraguay - 0.3%     
2,137,000    Ueno Bank SA, Senior Unsecured Notes, 6.700% due 3/6/31(a)    2,077,933 
Peru - 1.9%          
450,000    Banco BBVA Peru SA, Subordinated Notes, 6.200% (5-Year CMT Index + 2.002%) due 6/7/34(b)(c)    460,105 
2,750,000    Banco de Credito del Peru SA, Subordinated Notes, 3.250% (5-Year CMT Index + 2.450%) due 9/30/31(c)    2,722,225 
650,000    Banco Internacional del Peru SAA Interbank, Senior Unsecured Notes, 4.800% due 7/15/31(a)    638,391 
2,000,000    Banco Internacional del Peru SAA Interbank, Subordinated Notes, 6.397% (5-Year CMT Index + 2.067%) due 4/30/35(c)    2,044,220 
1,450,000    InRetail Consumer, Senior Secured Notes, 3.250% due 3/22/28    1,398,772 
     Marcobre SAC, Senior Unsecured Notes:     
200,000    5.750% due 1/22/36(a)    196,500 
200,000    5.750% due 1/22/36    196,500 
2,506,000    Minsur SA, Senior Unsecured Notes, 4.500% due 10/28/31    2,385,004 
1,400,280    Peru LNG Srl, Senior Unsecured Notes, 5.375% due 3/22/30    1,366,232 
500,000    Scotiabank Peru SAA, Subordinated Notes, 6.100% (1-Year CMT Index + 2.309%) due 10/1/35(a)(c)    510,000 
750,000    Volcan Compania Minera SAA, Senior Secured Notes, 8.500% due 10/28/32(a)    771,750 
     Total Peru    12,689,699 
Portugal - 0.0%     
70,068    Invepar, zero coupon, due 12/30/28#    – 
Singapore - 1.6%     
1,650,000    BPRL International Singapore Pte Ltd., Company Guaranteed Notes, 4.375% due 1/18/27    1,646,886 
369,000    JAPFA Pte Ltd., Senior Secured Notes, 7.950% due 5/12/31(a)    370,866 
707,490    LLPL Capital Pte Ltd., Senior Secured Notes, 6.875% due 2/4/39    720,437 
800,000    Medco Laurel Tree Pte Ltd., Company Guaranteed Notes, 6.950% due 11/12/28    802,937 
     Oversea-Chinese Banking Corp., Ltd, Subordinated Notes:     
2,500,000    4.602% (5-Year CMT Index + 1.575%) due 6/15/32(c)    2,495,944 
600,000    4.550% (5-Year CMT Index + 0.800%) due 9/8/35(c)    592,728 
     Seagate Data Storage Technology Pte Ltd., Company Guaranteed Notes:     
500,000    5.875% due 7/15/30(a)    509,532 
1,133,000    5.750% due 12/1/34(a)    1,152,397 
     United Overseas Bank Ltd., Subordinated Notes:     
1,800,000    2.000% (5-Year CMT Index + 1.230%) due 10/14/31(c)    1,782,727 
600,000    3.863% (5-Year CMT Index + 1.450%) due 10/7/32(c)    594,600 
     Total Singapore    10,669,054 
Spain - 0.8%          
3,050,000    AI Candelaria -spain- SA, Senior Secured Notes, 5.750% due 6/15/33(b)    2,750,765 
1,690,000EUR   Audax Renovables SA, Company Guaranteed Notes, 7.500% due 5/22/31    1,979,889 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
            
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued)    
Spain - (continued)     
     Termocandelaria Power SA, Company Guaranteed Notes:     
500,000    7.750% due 9/17/31   $513,325 
200,000     7.750% due 9/17/31(a)    205,330 
    Total Spain    5,449,309 
Sweden - 2.9%    
16,250,000 SEK   Amwood AB, Senior Secured Notes, 8.346% (3-Month SEK-STIBOR + 6.250%) due 10/25/27(c)    1,833,528 
8,200,000 EUR   European Entertainment Intressenter BidCo AB/Sweden, Senior Secured Notes, 9.488% (3-Month EURIBOR + 7.250%) due 9/29/30(c)    9,117,165 
    Genexis Group AB, Senior Secured Notes:     
654,552 EUR   6.000% due 3/31/29(h)    610,776 
436,368 EUR   5.000% due 3/31/30(g)(h)    111,976 
483,000 EUR   Geveko AB, Senior Secured Notes, 6.678% (3-Month EURIBOR + 4.500%) due 12/26/28(c)    569,018 
2,098,093   Go North Group AB, Senior Secured Notes, 9.386% (SOFRRATE + 5.762%) due 1/22/30(c)(h)    482,561 
5,000,000 SEK   Goldcup 100865 AB, Senior Secured Notes, 7.600% (3-Month SEK-STIBOR + 5.500%) due 7/11/28(c)    552,429 
7,000,000 SEK   Novedo Holding AB, Senior Secured Notes, 12.000% due 9/18/28(g)    629,336 
2,250,000   Nynas AB, Senior Secured Notes, 11.750% due 6/17/28(a)    2,385,061 
3,000,000 EUR   Trustly AB, Senior Secured Notes, 8.825% (3-Month EURIBOR + 6.750%) due 10/8/30(c)    3,009,159 
      Total Sweden    19,301,009 
Turkey - 0.0%    
309,000     Guermat Elektrik Ueretim AS, Senior Secured Notes, 10.748% due 5/21/35(a)    306,166 
United Kingdom - 4.9%     
1,500,000     3t Global Bidco PLC, Senior Secured Notes, 11.250% due 5/22/28    1,451,753 
420,000   Anglo Tunisian Oil & Gas Ltd., Senior Secured Notes, 17.000% due 6/8/29(a)    406,350 
2,072,000 GBP   Arqiva Broadcast Finance PLC, Senior Secured Notes, 8.625% due 7/1/30    2,325,022 
830,000     Avianca Midco 2 PLC, Senior Secured Notes, 9.500% due 1/28/31(a)    800,950 
      Azule Energy Finance PLC, Company Guaranteed Notes:     
1,096,000     8.250% due 1/22/31(a)    1,117,555 
1,019,000   8.625% due 1/22/33(a)    1,045,103 
6,007,000 GBP   Bellis Acquisition Co. PLC, Senior Secured Notes, 8.125% due 5/14/30    7,474,212 
1,650,000   EnQuest PLC, Company Guaranteed Notes, 9.875% due 4/30/31(a)    1,698,594 
1,653,000 GBP   Future PLC, Company Guaranteed Notes, 6.750% due 7/10/30    2,061,222 
16,871,867 SEK   Impala BondCo PLC, Senior Secured Notes, 12.000% due 10/30/27(g)    886,363 
      INEOS Finance PLC, Senior Secured Notes:     
300,000     6.750% due 5/15/28(a)    301,851 
1,600,000   7.500% due 4/15/29(a)    1,592,110 
713,000 GBP   Jerrold Finco PLC, Secured Notes, 8.500% due 7/15/32(a)    952,278 
    Jerrold Finco PLC, Senior Secured Notes:     
2,600,000 GBP   7.875% due 4/15/30    3,539,572 
310,000 GBP   7.500% due 6/15/31(a)    418,815 
1,100,000     MARB BondCo PLC, Company Guaranteed Notes, 3.950% due 1/29/31    981,350 
    Mobico Group PLC, Company Guaranteed Notes:     
318,000 GBP   3.625% due 11/20/28    377,604 
601,000 EUR   4.875% due 9/26/31    529,593 
1,920,000 EUR   PCC Global PLC, Senior Secured Notes, 8.250% due 11/15/30    1,889,723 
208,000 EUR   Project Grand UK PLC, Senior Secured Notes, 9.000% due 6/1/29    245,083 
1,000,000     Trident Energy Finance PLC, Company Guaranteed Notes, 12.500% due 11/30/29    1,064,415 
      Vmed O2 UK Financing I PLC, Senior Secured Notes:     
200,000     4.750% due 7/15/31(a)    168,874 
800,000     6.750% due 1/15/33(a)    703,894 
202,000   WE Soda Investments Holding PLC, Senior Secured Notes, 9.375% due 2/14/31    196,035 
380,000 GBP   Zopa Group PLC, Subordinated Notes, 14.400% (5-Year UK Government Note Generic Bid Yield + 9.740%) due 11/25/33(c)    582,994 
      Total United Kingdom    32,811,315 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued) 
United States - 32.1%     
200,000   ACCO Brands Corp., Company Guaranteed Notes, 4.250% due 3/15/29   $184,093 
    AES Corp., Junior Subordinated Notes:     
50,000   7.600% (5-Year CMT Index + 3.201%) due 1/15/55(c)    50,988 
150,000   6.950% (5-Year CMT Index + 2.890%) due 7/15/55(c)    147,910 
86,000   Allegiant Travel Co., Senior Secured Notes, 7.250% due 8/15/27(a)    86,346 
1,300,000   Alliance Resource Operating Partners LP/Alliance Resource Finance Corp., Company Guaranteed Notes, 8.625% due 6/15/29(a)    1,358,380 
50,000   Ally Financial Inc., Subordinated Notes, 6.646% (5-Year CMT Index + 2.450%) due 1/17/40(c)    49,540 
983,000   AMC Global Media Inc., Senior Secured Notes, 10.500% due 7/15/32(a)    1,017,523 
800,000   American Axle & Manufacturing Inc., Company Guaranteed Notes, 7.750% due 10/15/33(a)    802,209 
    AmeriGas Partners LP/AmeriGas Finance Corp., Senior Unsecured Notes:     
244,000   9.375% due 6/1/28(a)    249,964 
550,000   9.500% due 6/1/30(a)    591,540 
200,000   AMN Healthcare Inc., Company Guaranteed Notes, 6.500% due 1/15/31(a)    201,023 
5,406,000   ANGI Group LLC, Company Guaranteed Notes, 3.875% due 8/15/28(a)(b)    4,784,310 
1,050,000   Anywhere Real Estate Group LLC/Realogy Co.-Issuer Corp., Secured Notes, 9.750% due 4/15/30(a)    1,131,122 
1,750,000   APLD ComputeCo LLC, Senior Secured Notes, 9.250% due 12/15/30(a)    1,889,016 
1,500,000   Arsenal AIC Parent LLC, Unsecured Notes, 11.500% due 10/1/31(a)    1,619,440 
1,550,000   Atlanticus Holdings Corp., Company Guaranteed Notes, 9.750% due 9/1/30(a)    1,565,254 
608,000   AutoNation Inc., Senior Unsecured Notes, 2.400% due 8/1/31    535,246 
100,000   Avantor Funding Inc., Company Guaranteed Notes, 4.625% due 7/15/28(a)    98,860 
529,000   Azul Secured Finance LLP, Senior Secured Notes, 9.875% due 2/15/31(a)    495,937 
1,719,000   BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer Inc., Senior Secured Notes, 9.500% due 7/1/32(a)    1,564,305 
50,000   Bread Financial Holdings Inc., Company Guaranteed Notes, 6.750% due 5/15/31(a)    51,174 
450,000   Bread Financial Holdings Inc., Subordinated Notes, 8.375% (5-Year CMT Index + 4.300%) due 6/15/35(a)(c)    470,429 
50,000   Brinker International Inc., Company Guaranteed Notes, 8.250% due 7/15/30(a)    52,229 
    Brink's Co., Company Guaranteed Notes:     
150,000   6.500% due 6/15/29(a)    153,728 
50,000   6.750% due 6/15/32(a)    51,219 
168,000   Bristow Group Inc., Senior Secured Notes, 6.750% due 2/1/33(a)    169,559 
596,000   Brundage-Bone Concrete Pumping Holdings Inc., Senior Secured Notes, 7.500% due 2/1/32(a)    613,870 
    Burford Capital Global Finance LLC, Company Guaranteed Notes:     
400,000   9.250% due 7/1/31(a)    384,160 
200,000   7.500% due 7/15/33(a)    171,000 
1,413,000   8.500% due 1/15/34(a)    1,228,285 
1,100,000   Caesars Entertainment Inc., Company Guaranteed Notes, 6.000% due 10/15/32(a)    984,898 
650,000   Caesars Entertainment Inc., Senior Secured Notes, 6.500% due 2/15/32(a)    633,729 
150,000   California Resources Corp., Company Guaranteed Notes, 7.000% due 1/15/34(a)    151,211 
465,500   Carvana Co., Senior Secured Notes, 9.000% due 6/1/31(a)(g)    514,489 
200,000   CCO Holdings LLC/CCO Holdings Capital Corp., Senior Unsecured Notes, 5.000% due 2/1/28(a)    198,027 
    Celanese US Holdings LLC, Company Guaranteed Notes:     
863,000   7.379% due 7/15/32    906,997 
300,000   7.375% due 2/15/34    313,334 
    Centene Corp., Senior Unsecured Notes:     
200,000   3.000% due 10/15/30    180,242 
650,000   2.500% due 3/1/31    566,247 
    Charles River Laboratories International Inc., Company Guaranteed Notes:     
350,000   3.750% due 3/15/29(a)    335,294 
3,274,000   4.000% due 3/15/31(a)    3,066,016 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued)    
United States - (continued)     
    Chemours Co., Company Guaranteed Notes:     
50,000   8.000% due 1/15/33(a)   $51,084 
1,600,000   7.875% due 3/15/34(a)    1,622,949 
250,000   Clearway Energy Operating LLC, Company Guaranteed Notes, 4.750% due 3/15/28(a)    248,185 
700,000   Cloud Software Group Inc., Senior Secured Notes, 8.250% due 6/30/32(a)    687,231 
800,000   Clydesdale Acquisition Holdings Inc., Senior Secured Notes, 6.750% due 4/15/32(a)    768,962 
6,433,314   Compass Group Diversified Holdings LLC, Company Guaranteed Notes, 5.250% due 4/15/29(a)    6,157,077 
3,678,000   Compass Inc., Company Guaranteed Notes, 0.250% due 4/15/31(a)    3,362,795 
1,200,000   Compass Minerals International Inc., Company Guaranteed Notes, 8.000% due 7/1/30(a)    1,264,877 
350,000   Comstock Resources Inc., Company Guaranteed Notes, 5.875% due 1/15/30(a)    330,792 
150,000   Cooper-Standard Automotive Inc., Senior Secured Notes, 9.250% due 3/1/31(a)    151,688 
1,879,000   Core Scientific Finance I LLC, Senior Secured Notes, 7.750% due 5/15/31(a)    1,921,580 
1,300,000   CoreCivic Inc., Company Guaranteed Notes, 8.250% due 4/15/29    1,355,189 
    CoreWeave Inc., Company Guaranteed Notes:     
200,000   9.250% due 6/1/30(a)    204,046 
300,000   9.000% due 2/1/31(a)    304,176 
1,600,000   9.750% due 10/1/31(a)    1,650,357 
250,000   Crescent Energy Finance LLC, Company Guaranteed Notes, 7.875% due 4/15/32(a)    256,237 
6,101,000   Crocs Inc., Company Guaranteed Notes, 4.125% due 8/15/31(a)(b)    5,681,629 
200,000   Delek Logistics Partners LP/Delek Logistics Finance Corp., Company Guaranteed Notes, 7.375% due 6/30/33(a)    206,507 
150,000   Deluxe Corp., Company Guaranteed Notes, 8.000% due 6/1/29(a)    152,034 
400,000   Deluxe Corp., Senior Secured Notes, 8.125% due 9/15/29(a)    417,641 
450,000   Directv Financing LLC, Senior Secured Notes, 8.875% due 2/1/30(a)    459,869 
118,000   Directv Financing LLC/Directv Financing Co.-Obligor Inc., Senior Secured Notes, 5.875% due 8/15/27(a)    118,320 
1,450,000   Discovery Global Holdings Inc., Company Guaranteed Notes, 5.141% due 3/15/52    891,272 
    Diversified Gas & Oil Corp., Senior Secured Notes:     
1,625,000   9.750% due 4/9/29(a)    1,625,000 
1,125,000   9.750% due 4/9/29    1,138,896 
100,000   EnerSys, Company Guaranteed Notes, 6.625% due 1/15/32(a)    102,853 
1,100,000   Enova International Inc., Company Guaranteed Notes, 11.250% due 12/15/28(a)    1,161,738 
200,000   Esab Corp., Company Guaranteed Notes, 6.250% due 4/15/29(a)    203,612 
1,550,000   Ferrellgas LP/Ferrellgas Finance Corp., Company Guaranteed Notes, 9.250% due 1/15/31(a)    1,635,360 
150,000   Ferrellgas LP/Ferrellgas Finance Corp., Senior Unsecured Notes, 5.875% due 4/1/29(a)    147,109 
682,000   First Eagle Holdings Inc., Senior Secured Notes, 7.250% due 8/15/32(a)    691,370 
888,000   FirstCash Inc., Company Guaranteed Notes, 6.125% due 5/1/34(a)    888,670 
1,200,000   Fortrea Holdings Inc., Senior Secured Notes, 7.500% due 7/1/30(a)    1,209,464 
2,450,000   Forum Energy Technologies Inc., Senior Secured Notes, 10.500% due 11/7/29    2,586,113 
200,000   Garrett Motion Holdings Inc./Garrett LX I SARL, Company Guaranteed Notes, 7.750% due 5/31/32(a)    209,633 
230,000   Gee Automotive Holdings LLC, Company Guaranteed Notes, 7.250% due 3/1/31(a)    232,483 
900,000   Genesis Energy LP/Genesis Energy Finance Corp., Company Guaranteed Notes, 8.000% due 5/15/33    943,986 
    Genworth Holdings Inc., Company Guaranteed Notes:     
911,000   6.500% due 6/15/34    921,080 
1,080,000   5.915% (3-Month TSFR + 2.264%) due 11/15/36(c)    903,995 
1,250,000   GEO Group Inc., Company Guaranteed Notes, 10.250% due 4/15/31    1,354,586 
150,000   GEO Group Inc., Senior Secured Notes, 8.625% due 4/15/29    156,412 
1,293,000   Getty Images Inc., Company Guaranteed Notes, 14.000% due 3/1/28(a)(b)    1,170,165 
4,148,000   Getty Images Inc., Senior Secured Notes, 11.250% due 2/21/30(a)(b)    3,562,095 
4,077,000   Go Daddy Operating Co. LLC/GD Finance Co. Inc., Company Guaranteed Notes, 5.250% due 12/1/27(a)    4,078,529 
450,000   Goat Holdco LLC, Senior Secured Notes, 6.750% due 2/1/32(a)    457,931 
7,182,871   GrubHub Holdings Inc., Senior Secured Notes, 13.000% due 7/31/30(a)(b)(g)    5,862,190 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
           
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued) 
United States - (continued)     
     HA Sustainable Infrastructure Capital Inc., Company Guaranteed Notes:     
50,000    6.375% due 7/1/34   $51,288 
800,000    8.000% (5-Year CMT Index + 4.301%) due 6/1/56(c)    854,047 
789,000    Harrow Inc., Company Guaranteed Notes, 8.625% due 9/15/30(a)    798,793 
     Hilcorp Energy I LP/Hilcorp Finance Co., Senior Unsecured Notes:     
100,000    6.875% due 5/15/34(a)    100,051 
350,000    7.250% due 2/15/35(a)    355,083 
1,050,000    HLF Financing SARL LLC/Herbalife International Inc., Company Guaranteed Notes, 4.875% due 6/1/29(a)    985,393 
350,000    HLF Financing SARL LLC/Herbalife International Inc., Senior Secured Notes, 7.750% due 5/1/33(a)    353,498 
50,000    HNI Corp., Senior Secured Notes, 5.125% due 1/18/29(a)    48,878 
     Howard Hughes Corp., Company Guaranteed Notes:     
600,000    4.125% due 2/1/29(a)    579,433 
900,000    4.375% due 2/1/31(a)    845,928 
     Huntsman International LLC, Senior Unsecured Notes:     
150,000    4.500% due 5/1/29    145,262 
1,415,000    5.700% due 10/15/34    1,342,801 
1,469,000    Icahn Enterprises LP/Icahn Enterprises Finance Corp., Senior Secured Notes, 10.000% due 11/15/29(a)    1,470,578 
5,157,000    Ingram Micro Inc., Senior Secured Notes, 4.750% due 5/15/29(a)    5,068,615 
850,000    Iron Mountain Inc., Company Guaranteed Notes, 4.500% due 2/15/31(a)    811,754 
150,000    Iron Mountain Information Management Services Inc., Company Guaranteed Notes, 5.000% due 7/15/32(a)    144,581 
1,900,000    Jefferies Finance LLC/JFIN Co.-Issuer Corp., Senior Unsecured Notes, 5.000% due 8/15/28(a)    1,836,447 
150,000    Kinetik Holdings LP, Senior Unsecured Notes, 6.625% due 12/15/28(a)    153,174 
150,000    Knife River Corp., Company Guaranteed Notes, 7.750% due 5/1/31(a)    155,729 
350,000    Kohl's Corp., Senior Unsecured Notes, 5.125% due 5/1/31    299,626 
600,000    Lamar Media Corp., Company Guaranteed Notes, 3.750% due 2/15/28    588,400 
5,723,000    Leafly Holdings Inc., Senior Unsecured Notes, 8.000% due 7/1/25@(e)(h)    4,864,550 
200,000    Level 3 Financing Inc., Company Guaranteed Notes, 8.500% due 1/15/36(a)    216,232 
     Macy's Retail Holdings LLC, Company Guaranteed Notes:     
600,000    7.375% due 8/1/33(a)    626,419 
850,000    5.125% due 1/15/42    659,213 
350,000    Manitowoc Co., Inc., Secured Notes, 9.250% due 10/1/31(a)    375,633 
400,000    Match Group Holdings II LLC, Senior Unsecured Notes, 5.625% due 2/15/29(a)    400,212 
460,000    Michaels Cos., Inc., Secured Notes, 11.000% due 3/15/34(a)    434,923 
1,665,000    Michaels Cos., Inc., Senior Secured Notes, 8.500% due 3/15/33(a)    1,625,529 
400,000    Midcap Financial Issuer Trust, Senior Unsecured Notes, 6.500% due 5/1/28(a)    399,696 
100,000    Millrose Properties Inc., Company Guaranteed Notes, 6.250% due 9/15/32(a)    100,451 
     Molina Healthcare Inc., Senior Unsecured Notes:     
650,000    4.375% due 6/15/28(a)    640,519 
450,000    6.500% due 2/15/31(a)    456,319 
50,000    6.250% due 1/15/33(a)    49,996 
1,650,000    Moss Creek Resources Holdings Inc., Senior Unsecured Notes, 8.250% due 9/1/31(a)    1,678,740 
     MPT Operating Partnership LP/MPT Finance Corp., Company Guaranteed Notes:     
4,319,000GBP   3.692% due 6/5/28    5,073,970 
686,000GBP   3.375% due 4/24/30    686,934 
     Nabors Industries Inc., Company Guaranteed Notes:     
600,000    8.875% due 8/15/31(a)    629,077 
1,200,000    7.625% due 11/15/32(a)    1,250,936 
1,169,000    Nassau Cos. of New York, Senior Unsecured Notes, 7.875% due 7/15/30(a)    1,120,107 
2,888,000    National Mentor Holdings Inc., Senior Secured Notes, 10.500% due 12/15/30(a)    3,040,131 
500,000    NBM US Holdings Inc., Company Guaranteed Notes, 6.625% due 8/6/29    500,284 
350,000    NCR Atleos Corp., Senior Secured Notes, 9.500% due 4/1/29(a)    374,196 
1,400,000    Nexstar Media Inc., Company Guaranteed Notes, 7.250% due 4/15/34(a)    1,408,810 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued) 
United States - (continued)    
1,750,000   NGL Energy Operating LLC/NGL Energy Finance Corp., Senior Secured Notes, 8.375% due 2/15/32(a)   $1,838,703 
    Nordstrom Inc., Senior Secured Notes:     
400,000   4.375% due 4/1/30    382,416 
100,000   4.250% due 8/1/31    92,236 
1,900,000   5.000% due 1/15/44    1,338,206 
    Novelis Corp., Company Guaranteed Notes:     
1,050,000   4.750% due 1/30/30(a)    1,013,452 
1,100,000   3.875% due 8/15/31(a)    1,000,488 
50,000   OAK-Eagle Acquireco Inc., Senior Secured Notes, 7.250% due 7/1/33(a)    52,142 
100,000   OAK-Eagle Acquireco Inc., Senior Unsecured Notes, 8.750% due 7/1/34(a)    105,685 
400,000   Olin Corp., Senior Unsecured Notes, 6.625% due 4/1/33(a)    397,065 
50,000   ON Semiconductor Corp., Company Guaranteed Notes, 3.875% due 9/1/28(a)    48,783 
    OneMain Finance Corp., Company Guaranteed Notes:     
300,000   6.750% due 3/15/32    298,321 
250,000   7.125% due 9/15/32    251,933 
100,000   6.500% due 3/15/33    97,658 
650,000   6.750% due 9/15/33    636,882 
    Oracle Corp., Senior Unsecured Notes:     
3,690,000   2.650% due 7/15/26    3,682,990 
2,662,000   4.450% due 9/26/30    2,580,970 
850,000   PacifiCorp, Junior Subordinated Notes, 7.375% (5-Year CMT Index + 3.319%) due 9/15/55(c)    865,722 
2,498,000   Paradigm Parent LLC & Paradigm Parent CO-Issuer Inc., Senior Secured Notes, 8.750% due 4/17/32(a)    2,266,935 
1,550,000   Park-Ohio Industries Inc., Senior Secured Notes, 8.500% due 8/1/30(a)    1,625,921 
    PBF Holding Co. LLC/PBF Finance Corp., Company Guaranteed Notes:     
1,150,000   9.875% due 3/15/30(a)    1,229,492 
500,000   7.875% due 9/15/30(a)    512,046 
150,000   Pediatrix Medical Group Inc., Company Guaranteed Notes, 5.375% due 2/15/30(a)    148,443 
200,000   Phinia Inc., Senior Secured Notes, 6.750% due 4/15/29(a)    205,576 
1,600,000   PRA Group Inc., Company Guaranteed Notes, 8.875% due 1/31/30(a)    1,644,773 
2,298,000   Prime Healthcare Services Inc., Senior Secured Notes, 9.375% due 9/1/29(a)    2,403,723 
300,000   PROG Holdings Inc., Company Guaranteed Notes, 6.000% due 11/15/29(a)    292,492 
300,000   Rand Parent LLC, Senior Secured Notes, 8.500% due 2/15/30(a)    309,142 
350,000   Resideo Funding Inc., Company Guaranteed Notes, 6.500% due 7/15/32(a)    351,877 
    Resorts World Las Vegas LLC/RWLV Capital Inc., Company Guaranteed Notes:     
200,000   4.625% due 4/16/29(a)    182,056 
200,000   8.450% due 7/27/30(a)    199,482 
    Rithm Capital Corp., Senior Unsecured Notes:     
1,050,000   8.000% due 4/1/29(a)    1,052,876 
300,000   8.000% due 7/15/30(a)    297,769 
100,000   Rockies Express Pipeline LLC, Senior Unsecured Notes, 6.875% due 4/15/40(a)    102,263 
485,000   RR Donnelley & Sons Co., Secured Notes, 10.875% due 8/1/29(a)    500,932 
1,700,000   RR Donnelley & Sons Co., Senior Secured Notes, 9.500% due 8/1/29(a)    1,762,943 
3,840,000   RR Donnelley & Sons Co., Senior Unsecured Notes, 11.000% due 6/1/31(a)(g)    3,728,678 
850,000   RXO Inc., Company Guaranteed Notes, 6.375% due 5/15/31(a)    854,412 
2,164,000   Sabre GLBL Inc., Senior Secured Notes, 11.125% due 7/15/30(a)    1,928,665 
200,000   Sasol Financing USA LLC, Company Guaranteed Notes, 5.500% due 3/18/31    190,467 
100,000   Scientific Games Holdings LP/Scientific Games US FinCo Inc., Senior Unsecured Notes, 6.625% due 3/1/30(a)    86,359 
1,850,000   SES AMERICOM Inc., Company Guaranteed Notes, 5.300% due 3/25/44(a)    1,425,755 
1,432,000   SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development, Company Guaranteed Notes, 9.000% due 11/14/30(a)    1,446,148 
887,000   Staples Inc., Senior Secured Notes, 10.750% due 9/1/29(a)    843,875 
2,010,000   Stonex Escrow Issuer LLC, Secured Notes, 6.875% due 7/15/32(a)    2,073,878 
4,518,000   Summit Midstream Holdings LLC, Senior Secured Notes, 8.625% due 10/31/29(a)    4,712,227 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
          
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
CORPORATE BONDS & NOTES - (continued)    
United States - (continued)    
1,250,000   Synchrony Financial, Subordinated Notes, 7.250% due 2/2/33   $1,296,096 
    Talen Energy Supply LLC, Company Guaranteed Notes:     
644,000   6.125% due 5/1/31(a)    643,789 
1,197,000   6.375% due 5/1/33(a)    1,192,334 
350,000   Taylor Morrison Communities Inc., Company Guaranteed Notes, 5.750% due 1/15/28(a)    353,393 
3,157,000   TEAM Services Holding Inc., Senior Secured Notes, 9.000% due 2/15/33(a)    3,180,835 
1,219,000   TKC Holdings Inc., Secured Notes, 12.000% due 2/15/31(a)    1,269,066 
807,000   TKC Holdings Inc., Senior Secured Notes, 8.500% due 8/15/30(a)    825,189 
50,000   TransDigm Inc., Senior Secured Notes, 6.375% due 3/1/29(a)    50,982 
350,000   TTM Technologies Inc., Company Guaranteed Notes, 4.000% due 3/1/29(a)    339,003 
1,700,000   Turning Point Brands Inc., Senior Secured Notes, 7.625% due 3/15/32(a)    1,765,200 
4,375,000   Uber Technologies Inc., Company Guaranteed Notes, 4.500% due 8/15/29(a)    4,340,252 
2,437,000   Unisys Corp., Senior Secured Notes, 10.625% due 1/15/31(a)    2,376,413 
50,000   United Rentals North America Inc., Company Guaranteed Notes, 4.875% due 1/15/28    50,010 
1,200,000   Univision Communications Inc., Senior Secured Notes, 8.500% due 7/31/31(a)    1,208,074 
1,382,000   Velocity Commercial Capital LLC, Company Guaranteed Notes, 9.375% due 2/15/31(a)    1,422,874 
286,000   Verizon Communications Inc., Junior Subordinated Notes, 6.200% (5-Year CMT Index + 2.042%) due 5/14/56(c)    290,309 
2,541,000   Viking Baked Goods Acquisition Corp., Senior Secured Notes, 8.625% due 11/1/31(a)    2,596,872 
1,550,000   W&T Offshore Inc., Secured Notes, 10.750% due 2/1/29(a)    1,601,615 
900,000   William Carter Co., Company Guaranteed Notes, 7.375% due 2/15/31(a)    929,687 
900,000   WULF Compute LLC, Senior Secured Notes, 7.750% due 10/15/30(a)    945,684 
    Wyndham Hotels & Resorts Inc., Company Guaranteed Notes:     
150,000   4.375% due 8/15/28(a)    147,904 
200,000   5.625% due 3/1/33(a)    197,160 
    XPLR Infrastructure Operating Partners LP, Company Guaranteed Notes:     
1,050,000   4.500% due 9/15/27(a)    1,043,084 
100,000   8.375% due 1/15/31(a)    107,204 
100,000   8.625% due 3/15/33(a)    107,452 
850,000   XPLR Infrastructure Operating Partners LP, Senior Unsecured Notes, 7.250% due 1/15/29(a)    885,306 
5,394,000   XPO Inc., Senior Secured Notes, 6.250% due 6/1/28(a)    5,461,490 
500,000   ZF North America Capital Inc., Company Guaranteed Notes, 6.875% due 4/14/28(a)    512,027 
    Total United States    214,931,307 
    TOTAL CORPORATE BONDS & NOTES     
    (Cost - $514,139,368)    507,539,166 
SENIOR LOANS - 4.8%     
United States - 4.8%     
4,526,216   Audacy Capital LLC, 9.735% (1-Month USD-SOFR + 6.000%) due 10/1/29(c)   3,598,341 
1,938,000   Cablevision of Litchfield LLC, 9.000% due 11/25/28    1,933,155 
7,465,542   CMG Media Corp., 7.300% (3-Month USD-SOFR + 3.500%) due 6/18/29(c)   6,729,664 
    Container Store Inc.:     
2,164,309   due 4/30/29(c)(e)(h)(i)    2,164,309 
1,782,448   10.140% (1-Month USD-SOFR + 6.500%) due 4/30/29(c)(h)    1,782,448 
1,204,573   10.140% (1-Month USD-SOFR + 6.500%) due 4/30/29(c)(e)(h)    1,204,573 
187,219   8.630% (6-Month USD-SOFR + 5.000%) due 7/30/29(c)(h)   11,608 
1,606,939   10.140% (1-Month USD-SOFR + 6.500%) due 4/30/29(c)(h)   1,516,951 
328,249   Elevate Textiles Inc., 12.342% (3-Month USD-SOFR + 0.850%) due 9/30/27(c)   326,405 
1,107,000   Gogo Intermediate Holdings LLC, due 4/30/28(c)(i)    1,024,130 
8,183,717   Inotiv Inc., 10.431% (3-Month USD-SOFR + 0.650%) due 11/5/26@(c)(h)    4,910,230 
    Mountaineer Merger Corp.:     
46,533   11.732% (3-Month USD-SOFR + 8.000%) due 10/26/28(c)(e)(h)    46,533 
103,378   11.732% (3-Month USD-SOFR + 8.000%) due 6/14/30(c)(h)    103,378 
249,057   11.678% (3-Month USD-SOFR + 8.000%) due 6/14/30(c)(h)   249,057 
168,163   11.681% (3-Month USD-SOFR + 8.000%) due 6/14/30(c)(h)   168,163 
585,000   Sweetwater Borrower LLC, 7.620% (1-Month USD-SOFR + 0.400%) due 2/17/33(c)   587,925 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
          
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
SENIOR LOANS - (continued)    
United States - (continued)     
5,592,908   TPC Group Inc., 9.386% (6-Month USD-SOFR + 0.575%) due 12/16/31(c)  $5,426,854 
    Total United States    31,783,724 
    TOTAL SENIOR LOANS     
    (Cost - $35,844,000)    31,783,724 
SOVEREIGN BONDS - 2.8%    
Argentina - 0.1%    
814,000   Provincia de Cordoba, 8.600% due 2/3/35(a)    788,562 
Brazil - 0.3%         
    Brazilian Government International Bond:     
800,000   5.000% due 1/27/45    640,000 
1,900,000   4.750% due 1/14/50    1,408,850 
    Total Brazil    2,048,850 
Chile - 0.1%         
950,000   Chile Government International Bond, 3.100% due 5/7/41    722,950 
Colombia - 0.2%    
1,650,000   Colombia Government International Bond, 4.125% due 5/15/51    1,056,825 
Costa Rica - 0.1%    
800,000   Costa Rica Government International Bond, 5.625% due 4/30/43    762,960 
Dominican Republic - 0.4%    
    Dominican Republic International Bond:     
700,000   4.500% due 1/30/30    674,310 
350,000   5.750% due 3/17/34(a)    343,175 
700,000   5.750% due 3/17/34    686,350 
700,000   6.150% due 5/17/38    689,500 
    Total Dominican Republic    2,393,335 
Guatemala - 0.2%    
    Guatemala Government Bond:     
1,050,000   5.250% due 8/10/29    1,054,106 
300,000   5.375% due 4/24/32    302,010 
    Total Guatemala    1,356,116 
Hungary - 0.2%    
1,350,000   Hungary Government International Bond, 5.500% due 3/26/36    1,351,886 
Mexico - 0.2%         
1,500,000   Mexico Government International Bond, 4.400% due 2/12/52    1,072,500 
Morocco - 0.2%    
    Morocco Government International Bond:     
1,200,000   3.000% due 12/15/32    1,047,207 
500,000   4.000% due 12/15/50    353,013 
    Total Morocco    1,400,220 
Nigeria - 0.1%    
700,000   Nigeria Government International Bond, 7.696% due 2/23/38    724,425 
Peru - 0.2%    
    Fondo MIVIVIENDA SA:     
300,000   5.400% due 3/31/31(a)    300,843 
200,000   5.400% due 3/31/31    200,562 
700,000   Peruvian Government International Bond, 5.500% due 3/30/36    707,525 
    Total Peru    1,208,930 
Poland - 0.1%    
1,050,000   Republic of Poland Government International Bond, 5.375% due 4/14/36    1,052,852 
Saudi Arabia - 0.1%    
800,000   Saudi Government International Bond, 4.625% due 10/4/47    675,722 
South Africa - 0.2%    
1,450,000   Republic of South Africa Government International Bond, 6.125% due 12/11/37    1,423,073 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
           
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount/Units† Security  Value
SOVEREIGN BONDS - (continued)    
Trinidad - 0.1%     
700,000    Trinidad & Tobago Government International Bond, 6.500% due 1/28/36(a)   $721,406 
     TOTAL SOVEREIGN BONDS     
     (Cost - $18,683,356)    18,760,612 
U.S. GOVERNMENT AGENCY & OBLIGATION - 0.7%    
U.S. GOVERNMENT OBLIGATION - 0.7%    
4,992,833    U.S. Treasury Inflation Indexed Notes, 1.875% due 7/15/35     
     (Cost - $5,081,686)    4,958,481 
ASSET-BACKED SECURITIES - 0.4%    
Forest Products & Paper - 0.2%    
1,109,667EUR   Fiber Midco SpA, 10.750% due 6/15/29(g)    1,152,997 
Real Estate - 0.2%    
1,224,253EUR   Vivion Investments SARL, 6.500% due 2/28/29(g)    1,431,366 
     TOTAL ASSET-BACKED SECURITIES     
     (Cost - $2,563,555)    2,584,363 
Shares/Units          
COMMON STOCKS - 4.6%    
Australia - 0.0%    
28,614    Champion Iron Ltd., Class Common S Shares    92,350 
Canada - 0.1%    
3,550,000    Battery Mineral Resources Corp.*(e)    437,700 
2,362,767    Cannabist Co. Holdings Inc.*    – 
     Total Canada    437,700 
Mexico - 0.2%    
115,382    Globa Terra Acquisition Corp., Class A Shares*(e)    1,186,127 
Sweden - 0.0%    
751,700,798    Go North Group AB*(e)(h)    – 
United Kingdom - 0.3%    
204,000    Axiom Intelligence Acquisition Corp. 1, Class A Shares*(e)    2,119,560 
United States - 4.0%    
278,000    Agriculture & Natural Solutions Acquisition Corp.*(e)    3,152,520 
15,560    Alpha Partners Technology, Class A Shares*(e)(h)    – 
136,697    Andretti Acquisition Corp. II, Class A Shares*    1,465,392 
250,000    Berto Acquisition Corp.*    2,620,000 
6,921    Builders FirstSource Inc.*    527,795 
2,362,767    Cannabist Co. Holdings Inc.*(e)    – 
219,000    Churchill Capital Corp. IX*    2,367,390 
32,870    Euronet Worldwide Inc.*    2,382,418 
100,000    Inflection Point Acquisition Corp. III, Class A Shares*    1,032,000 
42,234    Liberty Capital Corp., Class C Shares*    944,774 
146,385    M3-Brigade Acquisition V Corp., Class A Shares*    1,582,422 
4,826,099    Mountaineer Merger Corp.*(e)(h)    – 
1,959,007    Prosomnus Sleep Technologies Inc.*@(e)(h)    2,252,858 
57    Real Alloy Holding Inc.*(e)(h)    3,023,120 
175,600    Roman DBDR Acquisition Corp. II*    1,847,312 
123,000    RRE Ventures Acquisition Corp.*    1,231,230 
73,000    Silverbox Corp. IV, Class A Shares*    788,400 
238,311    UpHealth Inc.*(e)(h)    – 
147,000    Vendome Acquisition Corp. I, Class A Shares*    1,499,400 
     Total United States    26,717,031 
     TOTAL COMMON STOCKS     
     (Cost - $31,116,772)    30,552,768 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
           
Destinations Global Fixed Income Opportunities Fund (continued)
Shares/Units Security  Value
EXCHANGE TRADED FUND (ETF) - 1.4% 
United States - 1.4%    
256,701    Xtrackers $ High Yield Corporate Bond     
     (Cost - $9,263,246)   $9,413,226 
PREFERRED STOCKS - 1.1%    
United States - 1.1%    
71,733    CTO Realty Growth Inc., 6.375%(d)    1,490,612 
4,866,198    Mountaineer Merger Corp., 0.000%#*(e)(h)    – 
196,289    NGL Energy Partners LP, 11.135% (3-Month TSFR + 7.475%)(c)(d)    5,019,109 
43,599    Saratoga Investment Corp., 6.000%    1,084,743 
     Total United States    7,594,464 
     TOTAL PREFERRED STOCKS     
     (Cost - $11,217,288)    7,594,464 
CONVERTIBLE PREFERRED STOCK - 0.1%    
5,849    Oracle Corp., 6.500%     
     (Cost - $292,450)    374,921 
LIMITED PARTNERSHIP - 0.0%    
United States - 0.0%    
25,893    Star Group LP     
     (Cost - $314,851)    324,957 
WARRANTS - 0.0%    
United States - 0.0%    
14,538    Go North Group AB*(e)(h)    36,345 
36,249    Leafly Holdings Inc.*@(e)(h)    – 
1,061,473    Mcdermott International Ltd.*(h)    – 
     Total United States    36,345 
     TOTAL WARRANTS     
     (Cost - $868,011)    36,345 
     TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS     
     (Cost - $629,384,583)    613,923,027 
Face Amount†          
SHORT-TERM INVESTMENTS - 8.1%    
COMMERCIAL PAPERS - 3.2%    
3,255,000    DENTSPLY SIRONA Inc., 4.213% due 6/9/26(a)(j)    3,250,850 
4,259,000    Genuine Parts Co., 4.585% due 7/8/26(a)(j)    4,237,705 
4,865,000    HCA Inc., 4.317% due 8/13/26(a)(j)    4,819,542 
4,555,000    Keurig Dr Pepper Inc., 4.372% due 7/8/26(a)(j)    4,533,170 
4,660,000    Phillips 66, 4.292% due 6/10/26(a)(j)    4,653,844 
     TOTAL COMMERCIAL PAPERS     
     (Cost - $21,503,582)    21,495,111 
CORPORATE NOTE - 0.4%    
2,815,588    Go North Group AB, 9.583% due 1/22/30(e)(h)     
     (Cost - $2,594,635)    2,815,588 
TIME DEPOSITS - 4.5%    
     Citibank - London:     
962,996EUR   0.860% due 6/1/26    1,123,239 
479,638GBP   2.670% due 6/1/26    645,976 
2,018    Citibank - New York, 2.970% due 6/1/26    2,018 
18,392,848    JPMorgan Chase & Co. - New York, 2.970% due 6/1/26    18,392,848 
5,829,155    Royal Bank of Canada - Toronto, 2.970% due 6/1/26    5,829,155 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
          
Destinations Global Fixed Income Opportunities Fund (continued)
Face Amount† Security  Value
SHORT-TERM INVESTMENTS - (continued)    
TIME DEPOSITS - (continued)     
    Skandinaviska Enskilda Banken AB - Stockholm:     
3,100,109SEK 0.590% due 6/1/26   $335,802 
3,492,754   2.970% due 6/1/26    3,492,754 
    TOTAL TIME DEPOSITS     
    (Cost - $29,821,792)    29,821,792 
    TOTAL SHORT-TERM INVESTMENTS     
    (Cost - $53,920,009)    54,132,491 
Shares/Units        
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 3.2%    
MONEY MARKET FUND - 3.2%    
21,189,403   Federated Government Obligations Fund, Premier Class, 3.548%(k)     
    (Cost - $21,189,403)    21,189,403 
    TOTAL INVESTMENTS - 102.9%     
    (Cost - $704,493,995)    689,244,921 
    Liabilities in Excess of Other Assets - (2.9)%    (19,163,859)
    TOTAL NET ASSETS - 100.0%   $670,081,062 

 

 

† Face amount denominated in U.S. dollars, unless otherwise noted.
# Security issued with zero coupon. Income is recognized through accretion of discount.
* Non-income producing security.
(a) Restricted security that may be sold to “qualified institutional buyers” pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $299,858,746 and represents 44.75% of net assets.  
(b) All or a portion of this security is on loan.
(c) Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2026.
(d) Security is perpetual in nature and has no stated maturity date.
(e) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $27,436,611 and represents 4.09% of net assets.
(f) Security is currently in default.
(g) Payment in-kind security for which part of the income earned may be paid as additional principal. At the option of the issuer.
(h) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(i) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.
(j) Rate shown represents yield-to-maturity.
(k) Represents investment of collateral received from securities lending transactions.
@ Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.

 

Security  First
Acquisition
Date		  First
Acquisition
Cost		  Market
Value		  Percent of
Net Assets
Inotiv Inc., 10.431% (3-Month USD-SOFR + 0.650%) due 11/5/26  9/21/2021  $4,204,200   $4,910,230    0.73%
Leafly Holdings Inc., Senior Unsecured Notes, 8.000% due 7/1/25  2/4/2022   7,109,000    4,864,550    0.73%
Leafly Holdings Inc.  2/7/2022   —    —    0.00%
Prosomnus Sleep Technologies Inc.  8/6/2024   4,003,437    2,252,858    0.34%
           $12,027,638    1.80%
 

 

Schedules of Investments
May 31, 2026 (unaudited)
          
Destinations Global Fixed Income Opportunities Fund (continued)

 

Abbreviations used in this schedule:
CMT — Constant Maturity Treasury Index
EURIBOR — Euro Interbank Offered Rate
ICE — Intercontinental Exchange
LLC — Limited Liability Company
LP — Limited Partnership
NIBOR — Norwegian Interbank Offered Rate
PLC — Public Limited Company
REIT — Real Estate Investment Trust
SARL — Société à Responsabilité Limitée
SOFR — Secured Overnight Financing Rate
STIBOR — Stockholm Interbank Offered Rate
TSFR — CME Term SOFR Reference Rate
Summary of Investments by Security Type^
Corporate Bonds & Notes  73.6%
Senior Loans  4.6 
Common Stocks  4.4 
Sovereign Bonds  2.7 
Exchange Traded Fund (ETF)  1.4 
Preferred Stocks  1.1 
U.S. Government Agency & Obligation  0.7 
Asset-Backed Securities  0.4 
Convertible Preferred Stock  0.1 
Limited Partnership  0.0*
Warrants  0.0*
Short-Term Investments  7.9 
Money Market Fund  3.1 
   100.0%

 

 
^ As a percentage of total investments.
* Position represents less than 0.05%.
Schedule of Options Contracts Written         
Equity Options                  
                             
Number of Contracts     Notional Amount   Security Name   Counterparty   Expiration Date   Exercise Rate    Value 
222    $136,086   Bed Bath & Beyond Inc., Call    BNP   1/21/28  $10.00   $(59,940)
222     136,086   Bed Bath & Beyond Inc., Call    BNP   1/21/28   12.50    (99,900)
286     2,072,928   Euronet Worldwide Inc., Call    BNP   6/18/26   75.00    (51,480)
292     2,345,052   iShares iBoxx $ High Yield Corporate Bond, Put    BNP   6/18/26   79.00    (3,504)
          TOTAL OPTIONS CONTRACTS WRITTEN      
          (Premiums received — $231,107)    $(214,824)
 

 

Schedules of Investments
May 31, 2026 (unaudited)
          
Destinations Global Fixed Income Opportunities Fund (continued)

 

At May 31, 2026, Destinations Global Fixed Income Opportunities Fund had open forward foreign currency contracts as described below.

 

The unrealized appreciation (depreciation) on the open contracts were as follows:

                               

Foreign Currency 

Local

Currency

  Counterparty  Market
Value		  Settlement Date  Unrealized Appreciation  Unrealized (Depreciation)  Unrealized Appreciation
(Depreciation)
Contracts to Buy:                                 
Euro    558,000    BBH   $652,075   7/15/26  $1,699   $–   $1,699 
Contracts to Sell:                                 
British Pound    22,897,292    BBH   $30,837,481   6/11/26  $164,880   $–   $164,880 
British Pound    4,430,000    BBH    5,965,840   7/15/26   25,137    –    25,137 
Canadian Dollar    756,500    BBH    549,718   7/15/26   3,213    –    3,213 
Euro    33,132,000    BBH    38,660,940   6/11/26   291,458    –    291,458 
Euro    2,218,433    BBH    2,588,637   6/11/26   –    (8,794)   (8,794)
Euro    13,400,000    BBH    15,659,145   7/15/26   119,891    –    119,891 
Norwegian Krone    32,500,000    BBH    3,512,877   7/15/26   31,897    –    31,897 
Swedish Krona    25,760,000    BBH    2,796,678   7/15/26   –    (13,687)   (13,687)
                     $636,476   $(22,481)  $613,995 
Net Unrealized Appreciation on Open Forward Foreign Currency Contracts   $638,175   $(22,481)  $615,694 

 

Currency Abbreviations used in this schedule:
EUR — Euro
GBP — British Pound
NOK — Norwegian Krone
SEK — Swedish Krona

 

Counterparty Abbreviations used in this schedule:
BBH — Brown Brothers Harriman & Co.
BNP — BNP Paribas SA
 

 

Schedules of Investments
May 31, 2026 (unaudited)
          
Destinations Global Fixed Income Opportunities Fund (concluded)

 

Face Amount  Security  Value
SECURITIES SOLD SHORT - 0.8%
CORPORATE BOND & NOTES - 0.4%
Basic Materials - 0.1%     
$583,000   Champion Iron Canada Inc., Company Guaranteed Notes, 7.875% due 7/15/32(a)  $610,288 
Consumer Non-cyclical - 0.2%     
 1,519,000   PepsiCo Inc., Senior Unsecured Notes, 5.000% due 2/7/35    1,534,296 
Industrial - 0.1%     
 835,000   Builders FirstSource Inc., Company Guaranteed Notes, 4.250% due 2/1/32(a)    768,231 
     Total Basic Materials    2,912,815 
     TOTAL CORPORATE BONDS & NOTES     
     (Proceeds - $2,890,824)    2,912,815 
 Shares/Units         
EXCHANGE TRADED FUND (ETF) - 0.4%    
 29,210   iShares iBoxx $ High Yield Corporate Bond     
     (Proceeds - $2,321,558)    2,345,855 
     TOTAL SECURITIES SOLD SHORT - 0.8%     
     (Proceeds - $5,212,382)   $5,258,670 

 

 
(a) Restricted security that may be repurchased from “qualified institutional buyers” pursuant to the conditions of Rule 144Aunder the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $1,378,519 and represents 0.21% of net assets.
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Multi Strategy Alternatives Fund
Face Amount/Units  Security  Value
COLLATERALIZED MORTGAGE OBLIGATIONS - 20.5%
Mortgage Securities - 20.5%     
$6,500,000   A&D Mortgage Trust, Series 2026-NQM4, Class A1, 5.573% due 6/25/71(a)(b)   $6,508,485 
     Citigroup Commercial Mortgage Trust:     
 5,890,000   Series 2015-GC35, Class AS, 4.072% due 11/10/48(a)    5,579,966 
 5,000,000   Series 2017-P8, Class AS, 3.789% due 9/15/50(a)    4,758,638 
 7,236,761   Connecticut Avenue Securities Trust, Series 2019-HRP1, Class B1, 12.977% (SOFR30A + 9.364%) due 11/25/39(a)(b)    7,489,899 
 7,728,558   CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class AS, 3.670% due 11/15/50(a)    7,450,297 
     Federal National Mortgage Association (FNMA), Connecticut Avenue Securities:     
 1,251,631   Series 2016-C04, Class 1B, 13.977% (SOFR30A + 10.364%) due 1/25/29@(a)    1,268,065 
 4,611,117   Series 2016-C06, Class 1B, 12.977% (SOFR30A + 9.364%) due 4/25/29@(a)    4,737,644 
     Freddie Mac STACR REMIC Trust:     
 5,438,000   Series 2020-DNA1, Class B2, 8.977% (SOFR30A + 5.364%) due 1/25/50(a)(b)    6,030,988 
 1,500,000   Series 2020-DNA6, Class B2, 9.262% (SOFR30A + 5.650%) due 12/25/50(a)(b)    1,730,635 
 1,280,000   Series 2020-HQA3, Class B2, 13.727% (SOFR30A + 10.114%) due 7/25/50(a)(b)    1,667,316 
 1,260,000   Series 2020-HQA4, Class B2, 13.127% (SOFR30A + 9.514%) due 9/25/50(a)(b)    1,618,972 
     Freddie Mac STACR Trust:     
 4,870,000   Series 2019-DNA3, Class B2, 11.877% (SOFR30A + 8.264%) due 7/25/49(a)(b)    5,346,608 
 4,588,000   Series 2019-DNA4, Class B2, 9.977% (SOFR30A + 6.364%) due 10/25/49(a)(b)    5,044,611 
 5,800,000   Series 2019-FTR1, Class B2, 12.077% (SOFR30A + 8.464%) due 1/25/48(a)(b)    6,834,216 
 4,030,000   Series 2019-HQA1, Class B2, 15.977% (SOFR30A + 12.364%) due 2/25/49(a)(b)    4,812,090 
 3,100,000   Series 2019-HRP1, Class B1, 7.777% (SOFR30A + 4.164%) due 2/25/49(a)(b)    3,328,368 
 4,290,000   Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2017-HQA3, Class B1, 8.177% (SOFR30A + 4.564%) due 4/25/30@(a)    4,482,693 
 1,993,000   JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP2, Class AS, 3.056% due 8/15/49    1,976,252 
     JPMBB Commercial Mortgage Securities Trust:     
 2,350,000   Series 2014-C25, Class AS, 4.065% due 11/15/47    2,288,312 
 9,209,944   Series 2015-C32, Class AS, 3.984% due 11/15/48    8,275,043 
 3,000,000   SG Commercial Mortgage Securities Trust, Series 2016-C5, Class AM, 3.379% due 10/10/48    2,950,293 
     STACR Trust:     
 2,552,493   Series 2018-HRP1, Class B1, 7.477% (SOFR30A + 3.864%) due 4/25/43(a)(b)    2,620,293 
 4,653,408   Series 2018-HRP1, Class B2, 15.477% (SOFR30A + 11.864%) due 5/25/43(a)(b)    5,481,100 
 8,098,000   Wells Fargo Commercial Mortgage Trust, Series 2017-RB1, Class A5, 3.635% due 3/15/50    7,981,497 
 3,228,302   WFRBS Commercial Mortgage Trust, Series 2014-C22, Class AS, 4.069% due 9/15/57(a)    3,079,385 
     Total Mortgage Securities    113,341,666 
     TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS     
     (Cost - $109,943,247)    113,341,666 
ASSET-BACKED SECURITIES - 9.1%     
Automobile ABS - 7.2%     
 681,719   BMW Vehicle Owner Trust, Series 2025-A, Class A2A, 4.430% due 10/25/27    682,074 
 768,677   Carmax Auto Owner Trust, Series 2025-1, Class A2A, 4.630% due 3/15/28    769,466 
 11,500,000   Carvana Auto Receivables Trust, Series 2026-P1, Class A2, 4.100% due 6/11/29    11,488,422 
 820,552   Ford Credit Auto Owner Trust, Series 2023-B, Class A3, 5.230% due 5/15/28    824,168 
     GM Financial Consumer Automobile Receivables Trust:     
 845,408   Series 2023-1, Class A3, 4.660% due 2/16/28    846,557 
 304,473   Series 2025-1, Class A2A, 4.440% due 1/18/28    304,578 
     Honda Auto Receivables Owner Trust:     
 563,556   Series 2024-1, Class A3, 5.210% due 8/15/28    566,947 
 14,000,000   Series 2026-1, Class A2A, 3.710% due 9/21/28    13,966,763 
 1,301,748   Hyundai Auto Receivables Trust, Series 2023-B, Class A3, 5.480% due 4/17/28    1,307,308 
 1,256,224   Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A3, 4.800% due 4/16/29    1,261,188 
     World Omni Auto Receivables Trust:     
 442,668   Series 2025-A, Class A2A, 4.490% due 4/17/28    442,942 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Multi Strategy Alternatives Fund (continued)
Face Amount/Units  Security  Value
ASSET-BACKED SECURITIES - (continued)
Automobile ABS - (continued)     
$7,149,357   Series 2025-D, Class A2A, 3.910% due 2/15/29   $7,143,462 
     Total Automobile ABS    39,603,875 
Home Equity ABS - 1.9%    
 3,116,121   Fremont Home Loan Trust, Series 2003-A, Class M1, 4.674% (1-Month TSFR + 1.089%) due 8/25/33(a)    3,460,874 
 3,074,067   Park Place Securities Inc. Asset-Backed Pass-Through Certificates, Series 2005-WCH1, Class M5, 5.019% (1-Month TSFR + 1.434%) due 1/25/36(a)    2,975,979 
 1,955,475   Structured Asset Investment Loan Trust, Series 2004-2, Class A4, 4.404% (1-Month TSFR + 0.819%) due 3/25/34(a)    2,100,115 
 2,465,000   Terwin Mortgage Trust, Series 2006-7, Class 1A2C, 4.239% (1-Month TSFR + 0.654%) due 7/25/37(a)(b)    2,254,660 
     Total Home Equity ABS    10,791,628 
     TOTAL ASSET-BACKED SECURITIES     
     (Cost - $49,934,907)    50,395,503 
COLLATERALIZED LOAN OBLIGATIONS - 1.0%     
Other ABS - 1.0%     
 5,000,000   Anchorage Capital CLO 18 Ltd., Series 2021-18A, Class A1, 5.085% (3-Month TSFR + 1.412%) due 4/15/34(a)(b)  5,000,000 
 380,000   Steele Creek CLO Ltd., Series 2016-1A, Class ER, 9.686% (3-Month TSFR + 6.012%) due 6/15/31(a)(b)    207,112 
 1,009,544   Venture XVIII CLO Ltd., Series 2014-18A, Class ER, 10.525% (3-Month TSFR + 6.852%) due 10/15/29(a)(b)    470,018 
     Total Other ABS    5,677,130 
     TOTAL COLLATERALIZED LOAN OBLIGATIONS     
     (Cost - $6,126,420)    5,677,130 
 Shares/Units         
EXCHANGE TRADED FUNDS (ETFs) - 32.0%     
 1,499,625   Franklin Systematic Style Premia    40,857,283 
 966,000   iShares AAA CLO Active    50,222,340 
 894,223   iShares MSCI USA Min Vol Factor    86,381,942 
     TOTAL EXCHANGE TRADED FUNDS (ETFs)     
     (Cost - $176,024,865)    177,461,565 
OPEN-END FUND - 20.9%     
 10,119,460   JPMorgan Strategic Income Opportunities Fund, Class R6 Shares     
     (Cost - $115,587,676)    115,766,623 
WARRANTS - 0.0%     
DIVERSIFIED - 0.0%     
SPACs - 0.0%     
 131,807   Inspirato Inc.*(c)(d)    – 
 77,310   SomaLogic Inc.*(c)(d)    – 
     Total SPACs    – 
     TOTAL DIVERSIFIED    – 
     TOTAL WARRANTS     
     (Cost - $393,668)    – 
     TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS     
     (Cost - $458,010,783)    462,642,487 
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Multi Strategy Alternatives Fund (continued)
Face Amount  Security  Value
SHORT-TERM INVESTMENTS - 14.1%       
TIME DEPOSITS - 14.1%       
$76,462,360   Citibank - New York, 2.970% due 6/1/26   $ 76,462,360  
 18,072   JPMorgan Chase & Co. - New York, 2.970% due 6/1/26     18,071  
 1,428,749   Royal Bank of Canada - Toronto, 2.970% due 6/1/26     1,428,749  
     TOTAL TIME DEPOSITS       
     (Cost - $77,909,180)     77,909,180  
     TOTAL INVESTMENTS - 97.6%       
     (Cost - $535,919,963)     540,551,667  
     Other Assets in Excess of Liabilities - 2.4%     13,363,663  
     TOTAL NET ASSETS - 100.0%   $ 553,915,330  

 

 

* Non-income producing security.
(a) Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2026.
(b) Restricted security that may be sold to “qualified institutional buyers” pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $66,445,371 and represents 12.00% of net assets.
(c) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $0 and represents 0.00% of net assets.
(d) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
@ Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.

 

Security   First
Acquisition
Date		  First
Acquisition
Cost		  Market
Value		  Percent of
Net Assets		  
Federal National Mortgage Association (FNMA), Connecticut Avenue Securities:                   
   Series 2016-C04, Class 1B, 13.977% (SOFR30A + 10.364%) due 1/25/29   4/13/2022  $1,355,446   $1,268,065   0.23 %
   Series 2016-C06, Class 1B, 12.977% (SOFR30A + 9.364%) due 4/25/29   3/11/2022   2,850,909    4,737,644   0.86 %
Freddie Mac Structured Agency Credit Risk Debt Notes:                   
   Series 2017-HQA3, Class B1, 8.177% (SOFR30A + 4.564%) due 4/25/30   4/29/2021   4,504,500    4,482,693   0.81 %
            $10,488,402   1.90 %

 

Abbreviations used in this schedule:
CLO — Collateralized Loan Obligation
REMIC — Real Estate Mortgage Investment Conduit
SOFR — Secured Overnight Financing Rate
SPACs — Special Purpose Acquisition Companies
TSFR — CME Term SOFR Reference Rate
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Multi Strategy Alternatives Fund (concluded)
   
Summary of Investments by Security Type^
Exchange Traded Funds (ETFs)    32.8%
Open-End Fund    21.4 
Collateralized Mortgage Obligations    21.0 
Asset-Backed Securities    9.3 
Collateralized Loan Obligations    1.1 
Warrants    0.0 
Short-Term Investments    14.4 
    100.0%

 

 

 

^ As a percentage of total investments.

 

At May 31, 2026, Destinations Multi Strategy Alternatives Fund held the following OTC and Centrally Cleared Credit Default Swap Contracts:

 

OTC Credit Default Swaps on Indexes - Sell Protection(1)

 

Reference

Obligation

 

Fixed

Deal
Receive Rate

  Maturity Date  Payment
Frequency		  Counterparty  

Implied Credit Spread at

5/31/26(2)

 

Notional

Amounts(3)

  Market Value 

Upfront Premiums
Paid/

(Received)

  Unrealized
Appreciation
(Depreciation)
CDX.NA.HY.37  5.000%  12/20/26  3-Month  GSC    0.108%   USD  15,000,000  $563,100   $1,228,500   $(665,400)
CDX.NA.HY.39  5.000%  12/20/27  3-Month  GSC    0.547%   USD  20,000,000   1,561,452    1,725,000    (163,548)
CDX.NA.HY.41  5.000%  12/20/28  3-Month  GSC    0.390%   USD  15,000,000   1,851,461    1,945,500    (94,039)
CDX.NA.HY.45  5.000%  12/20/30  3-Month  MSCS    1.474%   USD  30,000,000   4,690,510    4,245,900    444,610 
CDX.NA.IG.45  1.000%  12/20/30  3-Month  MSCS    1.718%   USD  20,000,000   (553,585)   (954,000)   400,415 
CDX.NA.IG.45  1.000%  12/20/30  3-Month  GSC    5.154%   USD  60,000,000   (1,660,755)   (2,964,000)   1,303,245 
                             $6,452,183   $5,226,900   $1,225,283 

 

(1) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

 

(2) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of on emerging country as of period end serve as indicator of the currents tatus 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. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.

 

(3) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

 

Counterparty Abbreviations used in this schedule:
GSC — Goldman Sachs & Co.
MSCS — Morgan Stanley Capital Services LLC
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - 91.8%
Alabama - 2.0%
$1,000,000    A3(a)  Black Belt Energy Gas District, Revenue Bonds, Series A, 5.000% due 12/1/34   $1,056,022 
 550,000    AA  City of Gadsden AL, GO, BAM-Insured, Series A, 5.000% due 10/1/35    625,142 
 1,500,000    AA+  County of Jefferson AL, Revenue Bonds, 5.000% due 9/15/35    1,520,410 
 1,500,000    BB+  Hoover Industrial Development Board, Revenue Bonds, 5.750% due 10/1/49(b)    1,538,226 
 1,500,000    BBB  Mobile County Industrial Development Authority, Revenue Bonds, Series A, 5.000% due 6/1/54(b)    1,462,307 
         Southeast Energy Authority A Cooperative District, Revenue Bonds:     
 3,050,000    Aa3(a)  Series E, 5.000% due 10/1/30    3,265,991 
 1,750,000    A1(a)  Series H, 5.000% due 11/1/35    1,862,758 
 919,175    NR  Tuscaloosa County Industrial Development Authority, Revenue Bonds, Series A, 5.250% due 5/1/44(c)    932,009 
         Total Alabama    12,262,865 
Arizona - 2.0%     
 1,695,000    BB-  Arizona Industrial Development Authority, Revenue Bonds, 5.000% due 7/1/49(c)    1,525,548 
 2,000,000    AAA  City of Phoenix Civic Improvement Corp., Revenue Bonds, Series B, 4.000% due 7/1/29    2,004,119 
         Maricopa County Industrial Development Authority, Revenue Bonds:     
 1,000,000    NR  Series A, 6.250% due 7/1/44(c)    1,035,041 
 1,000,000    A2(a)  Series D, 5.000% due 12/1/41    1,069,747 
 905,000    Aa1(a)  Maricopa County School District No 3 Tempe Elementary, GO, Series C, 5.000% due 7/1/36    1,039,710 
 1,350,000    Aa3(a)  Maricopa County Special Health Care District, GO, Series D, 4.000% due 7/1/35    1,386,501 
 2,500,000    AA+  Salt River Project Agricultural Improvement & Power District, Revenue Bonds, Series C, 5.000% due 1/1/51    2,613,565 
         Sierra Vista Industrial Development Authority, Revenue Bonds:     
 1,000,000    NR  5.000% due 6/15/64(c)    840,561 
 1,000,000    NR  5.750% due 6/15/58(c)    960,478 
         Total Arizona    12,475,270 
Arkansas - 0.4%    
 1,150,000    BB+  Arkansas Development Finance Authority, Revenue Bonds, 5.700% due 5/1/53(b)    1,179,601 
 1,000,000    NR  City of Osceola AR, Revenue Bonds, 7.000% due 4/1/36(b)(d)    1,000,862 
 500,000    NR  Clarksville Public Educational Facilities Board, Revenue Bonds, Series B, 6.250% due 8/1/49    514,083 
         Total Arkansas    2,694,546 
California - 4.0%    
 1,000,000    Aa1(a)  California Community Choice Financing Authority, Revenue Bonds, Series G, 5.000% due 12/1/35    1,096,179 
 1,000,000    NR  California Community Housing Agency, Revenue Bonds, Series A2, 4.000% due 2/1/50(c)    751,958 
 1,000,000    BBB+  California Health Facilities Financing Authority, Revenue Bonds, Series A, 5.000% due 12/1/32    1,095,174 
 940,000    NR  California Infrastructure & Economic Development Bank, Revenue Bonds, Series B, 12.000% due 1/1/65(b)(c)(d)    526,400 
         California Municipal Finance Authority, Revenue Bonds:     
 650,000    NR  6.000% due 1/1/55(b)(c)    681,643 
 300,000    BB  6.375% due 6/15/64(c)    315,742 
         California Public Finance Authority, Revenue Bonds:     
 1,000,000    NR  Series A, 6.375% due 6/1/59(c)    931,482 
 990,000    NR  Series A1, 6.750% due 7/1/65(c)    1,064,704 
 4,800,000    A+  California State Public Works Board, Revenue Bonds, Series A, 5.000% due 9/1/27    4,953,242 
         California Statewide Communities Development Authority, Revenue Bonds:     
 2,525,000    BB+  5.500% due 12/1/54    2,525,524 
 1,000,000    BB+  Series A, 5.000% due 12/1/46(c)    1,000,038 
 1,105,000    NR  CMFA Special Finance Agency VII, Revenue Bonds, Series A1, 3.000% due 8/1/56(c)    767,173 
 1,000,000    NR  CMFA Special Finance Agency, Revenue Bonds, Series A, 4.000% due 12/1/45(c)    775,651 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued) 
California - (continued) 
         CSCDA Community Improvement Authority, Revenue Bonds:     
$1,500,000    NR  3.000% due 6/1/47(c)   $1,084,132 
 1,000,000    NR  3.000% due 12/1/56(c)    712,569 
 1,000,000    NR  Fairfield Community Facilities District, Special Tax, Series A, 5.000% due 9/1/54    1,004,506 
 1,260,000    A  Los Angeles Department of Water & Power, Revenue Bonds, Series B, 5.000% due 7/1/34    1,314,638 
 775,000    AA  Oakland Unified School District/Alameda County, GO, BAM-Insured, Series A, 5.000% due 8/1/34    892,550 
 2,000,000    WD(e)  Silicon Valley Tobacco Securitization Authority, Revenue Bonds, Series A, zero coupon, due 6/1/41#    763,953 
 1,345,000    Aa3(a)  Southern California Public Power Authority, Revenue Bonds, Series 2, 5.000% due 7/1/53(d)    1,407,677 
 205,000    AA-  State of California, GO, Series C, 5.000% due 8/1/29    205,834 
 1,000,000    AA  University of California, Revenue Bonds, Series CA, 5.000% due 5/15/39    1,134,164 
         Total California    25,004,933 
Colorado - 2.8%    
 1,000,000    AA  Board of Governors of Colorado State University System, Revenue Bonds, Series A, 5.000% due 3/1/43    1,143,652 
         Boulder Larimer & Weld Counties St Vrain Valley School District Re1J, GO:     
 650,000    AA+  5.000% due 12/15/29    704,514 
 775,000    AA+  5.000% due 12/15/38    868,093 
         City & County of Denver CO Airport System Revenue, Revenue Bonds:     
 315,000    A+  Series A, 5.000% due 12/1/26(b)    318,590 
 195,000    AA-  Series A, 5.000% due 11/15/28(b)    200,854 
 455,000    AA-  Series A, 5.000% due 11/15/29(b)    468,138 
 115,000    AA-  Series A, 5.000% due 11/15/30(b)    118,219 
 1,000,000    A+  Series A, 5.000% due 12/1/37(b)    1,030,638 
 3,400,000    AA-  Series D, 5.500% due 11/15/30(b)    3,761,159 
         Colorado Bridge & Tunnel Enterprise, Revenue Bonds, AG-Insured:     
 500,000    AA  Series A, 5.000% due 12/1/41    551,920 
 1,200,000    AA  Series A, 5.250% due 12/1/54    1,259,770 
 1,000,000    AA  Series A, 5.500% due 12/1/54    1,068,006 
 600,000    BB  Colorado Educational & Cultural Facilities Authority, Revenue Bonds, 5.800% due 4/1/54(c)    590,099 
         Colorado Health Facilities Authority, Revenue Bonds:     
 2,910,000    A-  Series A, 5.000% due 8/1/44    2,968,542 
 60,000    NR  Series Prerefunded 11/19/26 @ 100, 5.000% due 11/15/49(d)(f)    60,657 
 500,000    NR  Legacy Community Authority, Revenue Bonds, Series A, 6.750% due 12/1/55    512,928 
 1,750,000    NR  Village Metropolitan District, GO, 5.000% due 12/1/49    1,699,012 
         Total Colorado    17,324,791 
Connecticut - 0.8%    
 1,500,000    AAA  Connecticut State Health & Educational Facilities Authority, Revenue Bonds, Series B2, 5.000% due 7/1/64(d)    1,680,247 
 1,000,000    AA  State of Connecticut Special Tax Revenue, Revenue Bonds, Series A, 5.000% due 7/1/44    1,094,998 
         State of Connecticut, GO:     
 150,000    AA-  Series A, 5.000% due 4/15/30    159,737 
 170,000    AA-  Series A, 5.000% due 4/15/34    179,495 
 1,150,000    AA-  Series D, 5.000% due 8/15/30    1,256,526 
 100,000    AA-  Series E, 5.000% due 10/15/26    100,899 
 150,000    AA-  Series E, 5.000% due 10/15/29    151,267 
 330,000    AA-  University of Connecticut, Revenue Bonds, Series A, 5.000% due 11/1/27    341,434 
         Total Connecticut    4,964,603 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
District of Columbia - 1.0%    
         Metropolitan Washington Airports Authority Aviation Revenue, Revenue Bonds:     
$1,820,000    AA-  5.000% due 10/1/36(b)   $1,852,073 
 2,000,000    AA-  Series A, 5.000% due 10/1/35(b)    2,185,524 
         Washington Metropolitan Area Transit Authority Dedicated Revenue, Revenue Bonds:     
 1,000,000    AA  5.000% due 7/15/37    1,097,445 
 1,000,000    AA  5.000% due 7/15/38    1,092,593 
         Total District of Columbia    6,227,635 
Florida - 5.1%     
 985,000    NR  Cabot Citrus Farms Community Development District, Special Assessment, 5.250% due 3/1/29    992,601 
         Capital Trust Agency Inc., Revenue Bonds:     
 500,000    BB  6.375% due 5/1/53(c)    516,150 
 250,000    NR  Series A, 4.000% due 6/15/29(c)    246,575 
 1,000,000    NR  Series A1, 5.000% due 7/1/56(c)    894,467 
 1,000,000    AA-  Central Florida Expressway Authority, Revenue Bonds, Series B, 4.000% due 7/1/36    1,000,220 
 2,535,000    AA  City of Jacksonville FL, Revenue Bonds, 5.000% due 10/1/37    2,862,073 
 2,420,000    AA-  City of Palm Coast FL Utility Revenue, Revenue Bonds, 5.000% due 10/1/47    2,560,583 
 1,500,000    AA-  City Of South Miami Health Facilities Authority Inc., Revenue Bonds, 5.000% due 8/15/42    1,522,180 
 1,000,000    A+  County of Broward FL Airport System Revenue, Revenue Bonds, Series B, 5.000% due 10/1/29(b)    1,062,514 
 1,270,000    A1(a)  County of Broward FL Port Facilities Revenue, Revenue Bonds, 5.000% due 9/1/33(b)    1,373,239 
 500,000    A2(a)  County of Lee FL Airport Revenue, Revenue Bonds, Series A1, 5.250% due 10/1/43(b)    545,212 
 4,335,000    AA  County of Miami-Dade FL Water & Sewer System Revenue, Revenue Bonds, Series B, 4.000% due 10/1/38    4,347,323 
 655,000    A3(a)  County of Miami-Dade Seaport Department, Revenue Bonds, Series A, 5.000% due 10/1/35(b)    704,718 
 600,000    NR  Florida Development Finance Corp., Revenue Bonds, Series A, 6.750% due 6/15/53(c)    631,345 
         Florida Higher Educational Facilities Financing Authority, Revenue Bonds:     
 1,000,000    BB+  6.250% due 7/1/55(c)    1,013,284 
 1,600,000    NR  Series 2018-A1, 5.000% due 6/1/48(c)    1,480,614 
         Hillsborough County Port District, Revenue Bonds:     
 850,000    A+(e)  Series B, 5.000% due 6/1/33(b)    880,204 
 185,000    A+(e)  Series B, 5.000% due 6/1/38(b)    190,441 
 750,000    NR  Hobe-St Lucie Conservancy District, Special Assessment, 5.875% due 5/1/55    766,448 
 500,000    NR  Lakewood Ranch Stewardship District, Special Assessment, 6.300% due 5/1/54    529,333 
         Lee County Industrial Development Authority/FL, Revenue Bonds:     
 580,000    A+  Series 2019A1, 5.000% due 4/1/33    608,841 
 515,000    A+  Series 2019A1, 5.000% due 4/1/35    536,750 
         Marion County School Board, COP, AG-Insured:     
 1,950,000    AA  5.000% due 6/1/31    2,132,612 
 2,000,000    AA  5.000% due 6/1/37    2,216,337 
 550,000    BBB(e)  Palm Beach County Health Facilities Authority, Revenue Bonds, Series B, 4.000% due 5/15/53    438,239 
 220,000    A+ 

School Board of Miami-Dade County, COP, Series B, Prerefunded 8/1/26 @ 100 5.000%

due 8/1/27 (f)

   220,802 
 1,000,000    A1(a)  School District of Broward County/FL, COP, Series A, 5.000% due 7/1/29    1,063,978 
 975,000    NR  Village Community Development District No 12, Special Assessment, 4.250% due 5/1/43    945,153 
         Total Florida    32,282,236 
Georgia - 1.7%    
 3,615,000    AA-  City of Atlanta GA Water & Wastewater Revenue, Revenue Bonds, 5.000% due 11/1/39    4,121,961 
 335,000    BBB(e)  Fayette County Development Authority, Revenue Bonds, 5.000% due 10/1/30    356,043 
 1,700,000    Aa1(a)  Main Street Natural Gas Inc., Revenue Bonds, Series C, 5.000% due 9/1/53(d)    1,806,460 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Georgia - (continued) 
$4,000,000    AAA  Metropolitan Atlanta Rapid Transit Authority, Revenue Bonds, Series B, 5.000% due 7/1/33   $4,558,365 
         Total Georgia    10,842,829 
Hawaii - 0.8%    
 5,000,000    Aa2(a)  City & County of Honolulu HI, GO, Series C, 4.000% due 10/1/32    5,010,908 
Idaho - 0.4%    
 1,500,000    NR  Idaho Falls Auditorium District, COP, 5.250% due 5/15/51(c)    1,478,826 
 1,000,000    NR  Idaho Health Facilities Authority, Revenue Bonds, 7.125% due 11/1/57    1,056,773 
         Total Idaho    2,535,599 
Illinois - 5.3%    
         Chicago Board of Education, GO:     
 1,180,000    BB+  Series A, 5.000% due 12/1/47    1,097,320 
 1,500,000    BB+  Series A, 5.750% due 12/1/50    1,511,581 
         Chicago O’Hare International Airport, Revenue Bonds:     
 3,025,000    A+  Series D, 5.000% due 1/1/39    3,398,364 
 1,000,000    A+  Series D, 5.250% due 1/1/42    1,009,215 
 1,000,000    AA  City of Aurora IL, GO, Series C, 5.000% due 12/30/42    1,070,013 
 1,100,000    BBB  City of Chicago IL, GO, Series E, 6.000% due 1/1/42    1,204,773 
         County of Cook IL Sales Tax Revenue, Revenue Bonds:     
 980,000    AA-  5.000% due 11/15/41    1,044,632 
 980,000    AA-  5.000% due 11/15/42    1,037,734 
 1,120,000    AA-  Series A, 5.250% due 11/15/45    1,180,215 
 675,000    AA+ 

DuPage & Cook Counties Community Unit School District No 205 Elmhurst, GO,
Series B, 5.000% due 1/1/28

   697,946 
 5,000    NR 

Grundy & Will Counties Community Unit School District No 1 Coal City, GO,
Series Prerefunded 2/1/27 @ 100, 5.000% due 2/1/29(f)

   5,074 
         Illinois Finance Authority, Revenue Bonds:     
 1,000,000    A  Series A, 5.000% due 11/15/45    1,000,127 
 870,000    AA-  Series A, Prerefunded 1/1/28 @ 100, 5.000% due 1/1/38(f)    900,932 
 1,300,000    AA-  Series A, Prerefunded 1/1/28 @ 100, 5.000% due 1/1/44(f)    1,346,220 
 255,000    Aa3(a)  Series A, Prerefunded 7/1/26 @ 100, 5.000% due 7/1/36(f)    255,454 
 95,000    WD(e)  Series A, Prerefunded 8/15/26 @ 100, 5.000% due 8/15/33(f)    95,418 
 20,000    NR  Series C, Prerefunded 2/15/27 @ 100, 4.000% due 2/15/41(f)    20,174 
 170,000    AA-  Series Prerefunded 1/1/27 @ 100, 5.000% due 1/1/36(f)    172,194 
         Illinois State Toll Highway Authority, Revenue Bonds:     
 1,500,000    AA-  Series A, 5.000% due 1/1/45    1,562,565 
 2,000,000    AA-  Series B, 5.000% due 1/1/40    2,002,036 
 1,060,000    AA  Lemont Fire Protection District, GO, BAM-Insured, 4.000% due 12/30/43    1,016,890 
 2,880,000    A  State of Illinois Sales Tax Revenue, Revenue Bonds, Series A, 5.000% due 6/15/28    3,000,183 
         State of Illinois, GO:     
 195,000    A-  5.000% due 2/1/27    197,775 
 180,000    A-  5.000% due 2/1/28    182,616 
 1,825,000    A-  Series B, 4.000% due 11/1/36    1,825,828 
 2,980,000    A-  Series B, 5.000% due 5/1/32    3,271,811 
 1,245,000    A-  Series C, 5.000% due 4/1/28    1,292,885 
 390,000    A-  Series D, 5.000% due 11/1/26    393,459 
 1,500,000    A-  Series D, 5.000% due 7/1/32    1,649,226 
 165,000    AA  Will County Community Unit School District No 365-U Valley View, GO, AG-Insured, Series B, zero coupon, due 11/1/26#    163,038 
         Total Illinois    33,605,698 
Indiana - 2.2%    
 1,000,000    AA+  Carmel Clay School Building Corp., Revenue Bonds, 5.000% due 1/15/37    1,123,989 
 3,750,000    AA  Carmel Redevelopment Authority, Revenue Bonds, Series B, 5.000% due 7/15/35    4,098,169 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Indiana - (continued)    
         Indianapolis Local Public Improvement Bond Bank, Revenue Bonds:     
$550,000    A1(a)  5.000% due 1/1/35(b)   $592,188 
 550,000    A1(a)  5.250% due 1/1/36(b)    596,595 
 600,000    A1(a)  5.250% due 1/1/37(b)    648,008 
 1,250,000    A1(a)  5.250% due 1/1/38(b)    1,344,820 
 1,895,000    Aa1(a)  Series 202, 6.000% due 1/15/41    2,161,259 
 450,000    AA+  Lebanon Middle School Building Corp., Revenue Bonds, Series A, 5.000% due 1/15/46    470,248 
 2,115,000    AA+  Peru Multi-School Building Corp., Revenue Bonds, 5.000% due 7/15/43    2,281,174 
 580,000    AA  Warrick County Industrial Building Corp., Revenue Bonds, 5.000% due 8/1/32    634,241 
         Total Indiana    13,950,691 
Iowa - 1.3%     
 1,000,000    AAA  County of Polk IA, GO, Series A, 5.000% due 6/1/38(b)    1,071,858 
         Iowa Finance Authority, Revenue Bonds:     
 1,000,000    BBB+  4.750% due 8/1/42    1,000,222 
 1,000,000    AAA  Series A, 5.000% due 8/1/36    1,158,933 
 5,000,000    A3(a)  PEFA Inc., Revenue Bonds, 5.000% due 9/1/49(d)    5,027,569 
         Total Iowa    8,258,582 
Kansas - 0.5%     
 250,000    NR  City of Garden City KS, Revenue Bonds, 5.375% due 6/1/39(c)    251,791 
 20,000    SP-1+  City of Maize KS, GO, Series B, 4.000% due 10/1/26    19,990 
 600,000    AA  Harvey County Unified School District No 373 Newton, GO, BAM-Insured, Series A, 5.000% due 9/1/46(g)    630,292 
 1,000,000    AA  Johnson County Unified School District No 233 Olathe, GO, BAM-Insured, Series A, 5.000% due 9/1/44(g)    1,087,701 
 1,000,000    Aa2(a)  Kansas Development Finance Authority, Revenue Bonds, Series A, 4.125% due 5/1/44    987,744 
         Total Kansas    2,977,518 
Kentucky - 1.2%    
 2,200,000    AA-  Fayette County School District Finance Corp., Revenue Bonds, 5.000% due 6/1/43    2,308,165 
 500,000    Baa2(a)  Kentucky Public Energy Authority, Revenue Bonds, Series B, 5.000% due 12/1/33    513,912 
         Kentucky State Property & Building Commission, Revenue Bonds:     
 160,000    A  5.000% due 4/1/27    163,003 
 145,000    A  5.000% due 5/1/28    151,301 
 1,795,000    A  Series B, 5.000% due 11/1/26    1,811,549 
 2,000,000    AA  Louisville & Jefferson County Metropolitan Sewer District, Revenue Bonds, Series A, 3.000% due 5/15/44    1,650,307 
 1,220,000    Aa3(a)  Montgomery County School District Finance Corp., Revenue Bonds, 4.000% due 8/1/37    1,233,656 
         Total Kentucky    7,831,893 
Louisiana - 2.7%    
         Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds:     
 1,500,000    AA  BAM-Insured, 5.000% due 10/1/26    1,511,125 
 2,800,000    A1(a)  5.000% due 8/15/37    2,837,585 
 1,000,000    NR  Louisiana Public Facilities Authority, Revenue Bonds, 6.000% due 6/15/59(c)    1,008,853 
 1,000,000    A2(a)  St John the Baptist Parish School District No 1, GO, 5.250% due 3/1/37    1,098,176 
         State of Louisiana, GO:     
 3,350,000    AA  Series E, 5.000% due 9/1/31    3,721,886 
 4,835,000    AA  Series E, 5.000% due 9/1/33    5,483,993 
 1,165,000    A  Terrebonne Parish Hospital Service District No 1, Revenue Bonds, 5.000% due 4/1/45    1,214,030 
         Total Louisiana    16,875,648 
Maine - 0.4%    
 2,500,000    AA+  Maine State Housing Authority, Revenue Bonds, Series B, 3.150% due 11/15/39    2,297,136 
Maryland - 1.7%    
 4,000,000    AAA  County of Prince George's MD, GO, Series A, 5.000% due 7/15/29    4,205,200 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Maryland - (continued)    
         Maryland Community Development Administration, Revenue Bonds:     
$95,000    Aa1(a)  Series B, 4.000% due 9/1/49   $95,241 
 95,000    Aa1(a)  Series C, 3.500% due 3/1/50    94,702 
 2,000,000    NR  Maryland Economic Development Corp., Special Tax, 4.000% due 9/1/50    1,672,047 
 1,500,000    A  Maryland Health & Higher Educational Facilities Authority, Revenue Bonds, Series B, 5.000% due 8/15/56(d)    1,683,292 
 3,000,000    AAA  State of Maryland Department of Transportation, Revenue Bonds, 3.500% due 10/1/33    3,000,649 
         Total Maryland    10,751,131 
Massachusetts - 2.5%    
         Commonwealth of Massachusetts, GO:     
 1,000,000    AA+  Series B, 5.000% due 2/1/40    1,133,757 
 1,250,000    AA+  Series E, 5.000% due 8/1/41    1,398,921 
 2,665,000    AA+  Massachusetts Bay Transportation Authority Sales Tax Revenue, Revenue Bonds, Series B, 5.000% due 7/1/38    3,039,249 
         Massachusetts Development Finance Agency, Revenue Bonds:     
 1,500,000    AA-  4.000% due 4/1/41    1,500,684 
 1,000,000    AA-  5.000% due 7/1/35    1,001,461 
 1,290,000    AAA  Series A, Prerefunded 7/15/26 @ 100 4.000% due 7/15/36 (f)    1,291,898 
 500,000    AA+  Series A, 5.000% due 11/1/55(d)    579,617 
 1,500,000    A1(a)  Series A, 5.250% due 10/1/46(g)    1,635,553 
 1,000,000    AA+  Series N, 5.000% due 7/1/42    1,112,240 
 500,000    AA  Massachusetts Port Authority, Revenue Bonds, Series E, 5.000% due 7/1/31(b)    544,092 
 250,000    AA  Massachusetts School Building Authority, Revenue Bonds, Series B, 5.000% due 2/15/38    292,619 
 1,700,000    AA+  Massachusetts Water Resources Authority, Revenue Bonds, AG-Insured, Series B, 5.250% due 8/1/38    2,052,413 
         Total Massachusetts    15,582,504 
Michigan - 1.1%    
 160,000    AA  City of Detroit MI Sewage Disposal System Revenue, Revenue Bonds, AG-Insured, Series D, 3.248% due 7/1/32(d)    159,929 
 500,000    AA  Lincoln Consolidated School District, GO, 5.000% due 5/1/29    532,091 
 495,000    AA-  Michigan State Building Authority, Revenue Bonds, Series I, 5.000% due 10/15/34    498,581 
 4,870,000    AA+  Michigan State Housing Development Authority, Revenue Bonds, Series A, 3.700% due 4/1/30    4,870,201 
 700,000    A+  Wayne County Airport Authority, Revenue Bonds, Series D, 5.000% due 12/1/32(b)    766,821 
         Total Michigan    6,827,623 
Minnesota - 2.2%    
 350,000    AA  City of Rochester MN, Revenue Bonds, Series A, 5.000% due 11/15/38    394,328 
         Metropolitan Council, GO:     
 2,000,000    AAA  Series C, 5.000% due 12/1/27    2,074,921 
 2,500,000    AAA  Series I, 3.000% due 3/1/27    2,500,200 
 750,000    Baa1(a)  Minnesota Municipal Gas Agency, Revenue Bonds, Series A, 5.000% due 9/1/35    784,423 
 5,000,000    AAA  State of Minnesota, GO, Series A, 5.000% due 8/1/37    5,197,036 
 2,850,000    Aa1(a)  Willmar Independent School District No 347, GO, Series A, 5.000% due 2/1/28    2,959,047 
         Total Minnesota    13,909,955 
Mississippi - 0.7%    
         State of Mississippi, GO:     
 160,000    AA  Series A, 5.000% due 10/1/30    165,198 
 4,000,000    AA  Series C, 5.000% due 10/1/35    4,180,236 
         Total Mississippi    4,345,434 
Missouri - 1.1%    
 1,000,000    AA+  Grain Valley No R-V School District, GO, Series A, 5.000% due 3/1/35    1,032,295 
 350,000    NR  Kansas City Industrial Development Authority, Revenue Bonds, Series A1, 5.000% due 6/1/54(c)    344,200 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Missouri - (continued)    
$2,500,000    AAA  Metropolitan St Louis Sewer District, Revenue Bonds, Series A, 5.000% due 5/1/37   $2,536,666 
 2,100,000    AA-  Missouri Development Finance Board, Revenue Bonds, 5.500% due 5/1/41    2,293,718 
 525,000    AA+  Missouri Housing Development Commission, Revenue Bonds, GNMA & FNMA-Insured, Series F, 3.650% due 11/1/33    524,003 
         Total Missouri    6,730,882 
Montana - 0.4%    
 1,000,000    AA  Lewis & Clark County High School District No 1 Helena, GO, BAM-Insured, 5.000% due 7/1/43    1,098,804 
 1,390,000    AA  Yellowstone & Carbon Counties School District No 7-70 Laurel, GO, BAM-Insured, 5.000% due 7/1/42    1,492,819 
         Total Montana    2,591,623 
Nebraska - 1.1%    
 1,500,000    BBB+  Central Plains Energy Project, Revenue Bonds, Series A, 5.000% due 9/1/42    1,531,525 
 340,000    A  Douglas County Hospital Authority No 3, Revenue Bonds, 5.250% due 11/1/43    371,355 
         Public Power Generation Agency, Revenue Bonds:     
 1,815,000    A2(a)  5.000% due 1/1/41    1,816,910 
 1,885,000    A2(a)  Series A, 5.000% due 1/1/27    1,910,876 
 1,000,000    Aa3(a)  Ralston Public Schools, GO, 5.000% due 12/15/43    1,060,223 
         Total Nebraska    6,690,889 
Nevada - 1.0%    
 1,520,000    AAA  Clark County Water Reclamation District, GO, 4.000% due 7/1/35    1,520,583 
         County of Clark NV, GO:     
 2,750,000    AAA  Series B, 4.000% due 11/1/34    2,750,053 
 2,000,000    AAA  Series B, 4.000% due 12/1/39    2,014,093 
         Total Nevada    6,284,729 
New Hampshire - 0.1%    
 1,000,000    B-  New Hampshire Business Finance Authority, Revenue Bonds, Series B, 4.625% due 11/1/42(c)    895,709 
New Jersey - 1.0%    
         New Jersey Educational Facilities Authority, Revenue Bonds:     
 1,000,000    AAA  Series A, 5.000% due 7/1/64(d)    1,092,657 
 1,315,000    AAA  Series C, 5.000% due 3/1/28    1,372,431 
         New Jersey Transportation Trust Fund Authority, Revenue Bonds:     
 1,320,000    A  5.000% due 12/15/28    1,394,300 
 870,000    A  Series A, zero coupon, due 12/15/27#    831,485 
 195,000    A  Series A, zero coupon, due 12/15/28#    180,737 
 220,000    A  Series A, 5.000% due 12/15/33    230,373 
 1,050,000    A  Series AA, 5.000% due 6/15/40    1,109,931 
         Total New Jersey    6,211,914 
New York - 10.9%    
 2,010,000    Aaa(a)  Battery Park City Authority, Revenue Bonds, 5.000% due 11/1/50    2,131,671 
         Build NYC Resource Corp., Revenue Bonds:     
 1,650,000    BBB+  5.500% due 7/1/55(b)    1,698,207 
 1,000,000    NR  Series A, 7.000% due 12/15/65(c)    1,001,104 
         City of New York NY, GO:     
 2,500,000    AA  Series B1, 5.000% due 12/1/41    2,515,257 
 2,000,000    AA  Series C1, 5.000% due 8/1/31    2,161,505 
 3,425,000    AA  Series D1, 5.000% due 12/1/34    3,574,666 
 1,000,000    AA  Series F1, 5.000% due 4/1/43    1,018,343 
 1,000,000    AA+  Empire State Development Corp., Revenue Bonds, Series A, 3.000% due 3/15/50    739,560 
 1,780,000    AA  Metropolitan Transportation Authority Dedicated Tax Fund, Revenue Bonds, Series A, 5.250% due 11/15/27    1,801,353 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
New York - (continued)    
         Metropolitan Transportation Authority, Revenue Bonds:     
$245,000    A  Series A2, 5.000% due 11/15/29   $249,219 
 270,000    A  Series B, 5.000% due 11/15/30    272,510 
 290,000    A  Series C1, 5.000% due 11/15/27    292,756 
 300,000    A  Series C1, 5.000% due 11/15/31    311,620 
 370,000    A3(a)  MTA Hudson Rail Yards Trust Obligations, Revenue Bonds, Series A, 5.000% due 11/15/51    370,005 
 250,000    CC  Nassau County Tobacco Settlement Corp., Revenue Bonds, Series A3, 5.000% due 6/1/35    162,589 
         New York City Municipal Water Finance Authority, Revenue Bonds:     
 2,430,000    AA+  Series DD, 5.000% due 6/15/28    2,553,621 
 1,945,000    AA+  Series EE, 5.000% due 6/15/45    1,988,818 
 1,500,000    AA  New York City Transitional Finance Authority Building Aid Revenue, Revenue Bonds, Series S2, 5.000% due 7/15/37    1,719,404 
         New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds:     
 2,000,000    AAA  5.000% due 11/1/36    2,294,539 
 1,000,000    AAA  5.000% due 11/1/44    1,089,064 
 3,200,000    AAA  Series A1, 5.000% due 8/1/41    3,433,390 
 2,185,000    AAA  Series A1, 5.000% due 8/1/43    2,323,031 
 1,100,000    AAA  Series B1, 4.000% due 11/1/43    1,068,478 
 275,000    AAA  Series C2, 5.000% due 5/1/32    285,788 
 1,000,000    AAA  Series C3, 5.000% due 5/1/41    1,027,965 
 1,000,000    AAA  Series D1, 5.000% due 11/1/36    1,139,800 
 1,600,000    AAA  Series F1, 5.000% due 2/1/41    1,717,585 
 1,000,000    NR  New York Liberty Development Corp., Revenue Bonds, 5.000% due 11/15/44(c)    1,000,805 
         New York State Dormitory Authority, Revenue Bonds:     
 1,000,000    B  4.000% due 7/1/45    826,333 
 655,000    AA  AG-Insured, 5.000% due 10/1/38(g)    719,339 
 600,000    Aa1(a)  Series A, 5.000% due 3/15/46    639,583 
 3,000,000    Aa1(a)  Series A, 5.250% due 3/15/38    3,132,257 
 1,000,000    AA  Series K, AG-Insured, 3.000% due 10/1/31    987,534 
 1,000,000    AAA  New York State Environmental Facilities Corp., Revenue Bonds, Series C, 5.250% due 6/15/43    1,138,028 
         New York State Housing Finance Agency, Revenue Bonds, SONYMA-Insured:     
 925,000    Aa2(a)  Series B2, 3.600% due 11/1/64(d)    929,374 
 1,000,000    Aa2(a)  Series D2, 3.375% due 5/1/65(d)    1,002,110 
         New York Transportation Development Corp., Revenue Bonds:     
 2,000,000    Baa1(a)  5.000% due 12/1/36(b)    2,124,906 
 2,500,000    Baa1(a)  5.000% due 12/1/37(b)    2,644,268 
 1,500,000    BBB-  5.625% due 4/1/40(b)    1,592,921 
 1,500,000    BBB-  6.000% due 4/1/35(b)    1,654,583 
 1,585,000    Baa3(a)  6.000% due 6/30/50(b)    1,695,054 
 1,500,000    B-  Niagara Area Development Corp., Revenue Bonds, Series A, 4.750% due 11/1/42(b)(c)    1,356,040 
         Port Authority of New York & New Jersey, Revenue Bonds:     
 4,000,000    AA-  Series 249, 5.000% due 10/15/29(b)    4,263,930 
 2,250,000    AA-  Series 249, 5.000% due 10/15/31(b)    2,463,647 
 215,000    Aa1(a)  State of New York Mortgage Agency Homeowner Mortgage Revenue, Revenue Bonds, SONYMA-Insured, 3.950% due 4/1/36(b)    212,916 
 1,500,000    NR  TSASC Inc./NY, Revenue Bonds, 5.000% due 6/1/48    1,433,892 
         Total New York    68,759,368 
North Carolina - 0.8%    
 615,000    Aa3(a)  City of Charlotte NC Airport Revenue, Revenue Bonds, Series B, 5.000% due 7/1/34(b)    682,340 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
North Carolina - (continued)    
$1,200,000    AAA  City of Durham NC Water & Sewer Utility System Revenue, Revenue Bonds, 5.000% due 8/1/36   $1,399,572 
         County of Wake NC, Revenue Bonds:     
 1,210,000    AA+  Series A, 5.000% due 5/1/28    1,265,590 
 1,470,000    AA+  Series A, 5.000% due 5/1/41    1,645,863 
 105,000    Aa3(a)  Raleigh Durham Airport Authority, Revenue Bonds, Series A, 5.000% due 5/1/29(b)    110,970 
         Total North Carolina    5,104,335 
Ohio - 3.6%    
 3,945,000    NR  Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Series B2, 5.000% due 6/1/55    3,149,125 
 1,000,000    BBB-  Cleveland-Cuyahoga County Port Authority, Revenue Bonds, 5.500% due 12/1/43    1,019,855 
 5,000    NR  Columbus City School District, GO, Series Prerefunded 6/1/26 @ 100, 5.000% due 12/1/32(f)    5,000 
 1,000,000    Aa2(a)  County of Franklin OH, Revenue Bonds, Series A, 5.250% due 11/1/55    1,042,693 
 140,000    BB+  County of Muskingum OH, Revenue Bonds, 5.000% due 2/15/44    139,996 
 1,000,000    NR  County of Washington OH, Revenue Bonds, 6.625% due 12/1/42    1,065,199 
         Jefferson County Port Authority/OH, Revenue Bonds:     
 1,000,000    Ba1(a)  3.500% due 12/1/51(b)(c)    818,130 
 1,000,000    Ba1(a)  5.000% due 12/1/53(b)(c)(d)    1,020,486 
 1,250,000    CCC+  Ohio Air Quality Development Authority, Revenue Bonds, 5.000% due 7/1/49(b)(c)    1,146,058 
         State of Ohio, GO:     
 4,335,000    AAA  Series A, 5.000% due 3/1/30    4,708,301 
 5,000,000    AAA  Series A, 5.000% due 9/15/33    5,695,369 
 1,500,000    AAA  Series A, 5.000% due 3/1/43    1,665,889 
 1,000,000    A  State of Ohio, Revenue Bonds, Series A, 5.000% due 1/15/29    1,048,714 
         Total Ohio    22,524,815 
Oklahoma - 1.9%    
         Creek County Educational Facilities Authority, Revenue Bonds, BAM-Insured:     
 850,000    AA  5.000% due 9/1/38    933,963 
 800,000    AA  5.000% due 9/1/39    873,568 
 1,150,000    AA  5.000% due 9/1/40    1,241,937 
 1,000,000    Aa3(a)  Oklahoma County Independent School District No 52 Midwest City-Del City, GO, 4.000% due 7/1/28    1,026,513 
 2,500,000    AA  Oklahoma County Independent School District No 89 Oklahoma City, GO, Series A, 1.250% due 7/1/26    2,496,665 
         Oklahoma Development Finance Authority, Revenue Bonds:     
 2,000,000    BB+  Series B, 5.500% due 8/15/52    2,006,486 
 1,170,000    BB+  Series B, 5.500% due 8/15/57    1,172,090 
 2,155,000    AAA  Oklahoma Water Resources Board, Revenue Bonds, 5.000% due 4/1/38    2,432,914 
         Total Oklahoma    12,184,136 
Oregon - 0.4%    
 750,000    AA  City of Tigard OR Water Revenue, Revenue Bonds, BAM-Insured, 5.000% due 8/1/43    822,633 
         Port of Portland OR Airport Revenue, Revenue Bonds:     
 300,000    AA-  5.000% due 7/1/28(b)    312,962 
 165,000    AA-  5.000% due 7/1/29    172,254 
 205,000    AA-  Series 24B, 5.000% due 7/1/32(b)    207,130 
 1,275,000    Aa2(a)  State of Oregon Housing & Community Services Department, Revenue Bonds, Series D, 3.800% due 7/1/34    1,276,226 
         Total Oregon    2,791,205 
Pennsylvania - 4.3%    
         City of Philadelphia PA, GO:     
 3,000,000    A+  Series C, 5.000% due 8/1/30    3,266,925 
 6,795,000    A+  Series C, 5.000% due 8/1/32    7,588,232 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Pennsylvania - (continued)    
$500,000    AA-  City of Pittsburgh PA, GO, 5.000% due 9/1/40   $539,057 
 1,010,000    A  Commonwealth Financing Authority, Revenue Bonds, Series A, 5.000% due 6/1/28    1,053,411 
         Commonwealth of Pennsylvania, GO:     
 2,705,000    A+  Series First, 5.000% due 4/1/33    3,048,386 
 1,000,000    A+  Series Second, 4.000% due 9/15/34    1,000,002 
 810,000    A+  Series Second, 5.000% due 9/15/29    815,351 
 2,000,000    AAA  County of Chester PA, GO, Series A, 5.000% due 7/15/29    2,146,447 
 750,000    AA-  Dallastown Area School District, GO, 5.000% due 3/15/44    800,354 
 1,500,000    A+  Delaware Valley Regional Finance Authority, Revenue Bonds, Series A, 4.000% due 12/1/37    1,542,755 
 400,000    AA  Keystone Oaks School District, GO, BAM-Insured, 5.000% due 9/1/46    424,200 
 1,000,000    Baa2(a)  Pennsylvania Economic Development Financing Authority, Revenue Bonds, 5.500% due 6/30/37(b)    1,089,449 
 1,000,000    AA  Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Series C, 4.000% due 8/15/41    983,209 
 450,000    BBB-(e)  Philadelphia Authority for Industrial Development, Revenue Bonds, Series A, 5.750% due 6/1/50    463,802 
 1,500,000    Aa2(a)  West Shore School District/PA, GO, 5.000% due 11/15/43    1,513,530 
 500,000    AA  Woodland Hills School District, GO, AG-Insured, 4.000% due 9/1/41(g)    494,874 
         Total Pennsylvania    26,769,984 
Puerto Rico - 1.0%    
         Commonwealth of Puerto Rico, GO:     
 1,000,000    NR  Series A1, 4.000% due 7/1/41    951,609 
 1,000,000    NR  Series A1, 4.000% due 7/1/46    885,441 
         Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds:     
 1,000,000    NR  Series A, 5.000% due 7/1/47(c)    1,002,894 
 1,000,000    NR  Series B, 4.000% due 7/1/47(c)    913,250 
         Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Revenue Bonds:     
 1,500,000    NR  Series A1, 4.750% due 7/1/53    1,442,341 
 1,000,000    NR  Series A1, 5.000% due 7/1/58    986,229 
         Total Puerto Rico    6,181,764 
Rhode Island - 0.7%    
         Providence Public Building Authority, Revenue Bonds, AG-Insured:     
 400,000    AA  Series A, 5.250% due 9/15/41    435,334 
 410,000    AA  Series A, 5.250% due 9/15/43    441,466 
         Rhode Island Health & Educational Building Corp., Revenue Bonds:     
 1,000,000    AA-  Series A, 5.000% due 5/15/42    1,066,375 
 1,000,000    AA-  Series H, 5.000% due 5/15/36    1,139,232 
         Rhode Island Student Loan Authority, Revenue Bonds:     
 50,000    AA  Series A, 3.500% due 12/1/34(b)    49,979 
 1,125,000    AA  Series A, 5.000% due 12/1/26(b)    1,135,213 
         Total Rhode Island    4,267,599 
South Carolina - 1.3%    
 1,000,000    A1(a)  Patriots Energy Group Financing Agency, Revenue Bonds, Series A1, 5.250% due 10/1/54(d)    1,070,981 
         South Carolina Jobs-Economic Development Authority, Revenue Bonds:     
 1,000,000    NR  7.500% due 11/15/53    1,079,194 
 1,000,000    NR  7.750% due 11/15/58    1,086,258 
 1,600,000    A+  Series A, 5.250% due 11/1/41    1,760,212 
 2,500,000    NR  Series A1, 6.750% due 10/15/60(c)    2,567,011 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
South Carolina - (continued)    
         South Carolina Public Service Authority, Revenue Bonds:     
$185,000    A-  Series B, 5.000% due 12/1/35   $186,573 
275,000    A-  Series B, 5.000% due 12/1/36    277,215 
         Total South Carolina    8,027,444 
Tennessee - 0.5%    
 1,000,000    A  Chattanooga Health Educational & Housing Facility Board, Revenue Bonds, 5.000% due 12/1/34    1,122,079 
 1,000,000    AA+  County of Shelby TN, GO, Series A, 4.000% due 4/1/37    1,011,717 
 1,125,000    A1(a)  Metropolitan Nashville Airport Authority, Revenue Bonds, Series B, 5.250% due 7/1/33(b)    1,242,614 
         Total Tennessee    3,376,410 
Texas - 10.9%     
 1,765,000    AAA  Academy Independent School District, GO, PSF-GTD-Insured, 5.000% due 8/15/43    1,878,343 
         Aldine Independent School District, GO, PSF-GTD-Insured:     
 750,000    AAA  5.000% due 2/15/46(g)    810,129 
 1,500,000    AAA  Series B, 5.000% due 2/15/33    1,687,076 
 1,000,000    Aaa(a)  Argyle Independent School District, GO, PSF-GTD-Insured, Series B1, 4.000% due 8/15/57(d)    1,012,849 
 1,000,000    AAA  Arlington Higher Education Finance Corp., Revenue Bonds, PSF-GTD-Insured, 5.000% due 8/15/48    1,034,637 
 1,500,000    Aaa(a)  Brazosport Independent School District, GO, PSF-GTD-Insured, 4.000% due 2/15/33    1,507,954 
 1,000,000    Aaa(a)  Burleson Independent School District, GO, PSF-GTD-Insured, 5.000% due 8/1/28    1,051,111 
         Central Texas Regional Mobility Authority, Revenue Bonds:     
 600,000    A+  Series B, 4.000% due 1/1/41    600,410 
 375,000    A+  Series B, 5.000% due 1/1/29    395,996 
 1,800,000    A+  Series E, 5.000% due 1/1/38    1,892,634 
 405,000    AA  City of Bryan TX Electric System Revenue, Revenue Bonds, BAM-Insured, 5.000% due 7/1/41    428,635 
 1,000,000    AA 

City of Greenville TX Waterworks & Sewer System Revenue, Revenue Bonds, BAM-Insured, 5.000% due 2/15/38

   1,103,351 
         City of Houston TX Airport System Revenue, Revenue Bonds:     
 360,000    A1(a)  Series B, 5.000% due 7/1/29    376,991 
 2,330,000    A1(a)  Series D, 5.000% due 7/1/26    2,333,515 
         City of Houston TX Combined Utility System Revenue, Revenue Bonds:     
 1,000,000    Aa2(a)  Series A, 5.000% due 11/15/41    1,094,312 
 3,000,000    Aa2(a)  Series B, 4.000% due 11/15/31    3,008,533 
 500,000    A+  City of San Antonio TX Electric & Gas Systems Revenue, Revenue Bonds, 4.000% due 2/1/43    495,242 
 2,000,000    AAA  Community Independent School District/TX, GO, PSF-GTD-Insured, 5.000% due 2/15/41    2,166,644 
 700,000    NR  County of Denton TX, Special Assessment, 6.125% due 12/31/55(c)    723,614 
 1,695,000    AA-  Dallas Fort Worth International Airport, Revenue Bonds, Series C, 5.000% due 11/1/29(b)    1,803,350 
 1,000,000    Aaa(a)  Eagle Mountain & Saginaw Independent School District, GO, PSF-GTD-Insured, 5.000% due 8/15/30    1,093,799 
         Georgetown Independent School District, GO, PSF-GTD-Insured:     
 1,000,000    AAA  3.750% due 8/15/41    987,202 
 1,000,000    AAA  3.875% due 8/15/44    963,660 
         Grand Parkway Transportation Corp., Revenue Bonds:     
 150,000    AA+  Series A, 5.000% due 10/1/31    155,891 
 125,000    AA+  Series A, 5.000% due 10/1/32    129,740 
 190,000    AA+  Series A, 5.000% due 10/1/33    196,938 
 145,000    AA+  Series A, 5.000% due 10/1/34    150,086 
 1,500,000    AA-  Harris County Cultural Education Facilities Finance Corp., Revenue Bonds, 5.000% due 7/1/39    1,502,367 
 325,000    AA+  Houston Independent School District, GO, Series A, 5.000% due 7/15/45(d)    338,665 
 800,000    AAA  Hutto Independent School District, GO, PSF-GTD-Insured, 5.000% due 8/1/35    919,596 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Texas - (continued)    
$5,050,000    AAA  Lamar Consolidated Independent School District, GO, PSF-GTD-Insured, 5.000% due 2/15/34   $5,124,111 
 1,180,000    AAA  Lovejoy Independent School District, GO, PSF-GTD-Insured, 5.000% due 2/15/34    1,341,686 
 1,200,000    NR  New Hope Cultural Education Facilities Finance Corp., Revenue Bonds, Series A, 6.500% due 7/1/56(c)    1,233,484 
 1,000,000    Aaa(a)  North East Independent School District/TX, GO, PSF-GTD-Insured, Series A, 4.000% due 8/1/41    1,007,480 
 1,000,000    A+  North Texas Tollway Authority, Revenue Bonds, 4.000% due 1/1/38    1,003,696 
 2,000,000    Aaa(a)  Northside Independent School District, GO, PSF-GTD-Insured, 3.450% due 8/15/37    1,910,122 
 1,000,000    AAA  Pecos Barstow Toyah Independent School District, GO, PSF-GTD-Insured, 5.000% due 2/15/38    1,000,687 
         Permanent University Fund - University of Texas System, Revenue Bonds:     
 4,335,000    AAA  Series A, 5.000% due 7/1/39    5,071,908 
 3,025,000    AAA  Series B, 5.000% due 7/1/36    3,511,043 
         Port of Beaumont Navigation District, Revenue Bonds:     
 1,750,000    NR  3.000% due 1/1/50(b)(c)    1,104,683 
 1,000,000    NR  Series A, 5.250% due 1/1/54(b)(c)    910,872 
         State of Texas, GO:     
 150,000    AAA  5.000% due 8/1/26(b)    150,242 
 500,000    AAA  5.000% due 8/1/35(b)    564,196 
 1,375,000    Aaa(a)  5.000% due 10/1/43    1,519,545 
 200,000    AAA  5.500% due 8/1/26(b)    200,860 
 1,000,000    A2(a)  Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds, Series A, 5.000% due 7/1/32    1,084,746 
         Texas Department of Housing & Community Affairs, Revenue Bonds, GNMA & FNMA-Insured:     
 377,810    Aa1(a)  2.950% due 7/1/36    340,979 
 175,000    AA+  Series A, 4.000% due 3/1/50    176,433 
 2,640,000    A1(a)  Texas Municipal Gas Acquisition & Supply Corp. V, Revenue Bonds, 5.000% due 1/1/33    2,804,361 
 600,000    AA+  Texas Public Finance Authority, Revenue Bonds, 5.000% due 2/1/28    623,756 
         Texas Water Development Board, Revenue Bonds:     
 2,000,000    AAA  4.650% due 10/15/40    2,111,029 
 2,000,000    AAA  5.000% due 4/15/34    2,287,596 
 190,000    AAA  Series A, 5.000% due 4/15/29    196,316 
 1,500,000    AAA  Tomball Independent School District, GO, PSF-GTD-Insured, 4.000% due 2/15/50    1,404,192 
         Total Texas    68,527,293 
Utah - 1.6%     
 1,000,000    NR  Black Desert Public Infrastructure District, Special Assessment, 5.625% due 12/1/53(c)    1,019,256 
 1,000,000    NR  Black Ridge Infrastructure Financing District, Special Assessment, 6.250% due 12/1/54    1,009,619 
         City of Salt Lake City UT Airport Revenue, Revenue Bonds:     
 115,000    A+  Series A, 5.000% due 7/1/28(b)    117,483 
 155,000    A+  Series A, 5.000% due 7/1/30(b)    160,825 
 625,000    A+  Series A, 5.250% due 7/1/36(b)    693,559 
 1,250,000    AA  City of Vineyard UT Water & Sewer Revenue, Revenue Bonds, BAM-Insured, 5.000% due 5/1/43    1,327,050 
 1,400,000    A2(a)  Duchesne County School District, Revenue Bonds, 5.000% due 6/1/37    1,452,574 
 500,000    NR  Grapevine Wash Local District, Special Assessment, Series A2, 5.250% due 12/1/44(c)    500,824 
 1,165,000    NR  Mida Mountain Village Public Infrastructure District, Special Assessment, 4.000% due 8/1/50(c)    994,260 
 500,000    NR  Mida Mountain Village Public Infrastructure District, Special Tax, Series 2, 6.000% due 6/15/54(c)    515,366 
 230,000    NR  Utah City West Public Infrastructure District No 1, Special Assessment, 5.875% due 12/1/55(c)    234,302 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Utah - (continued)    
$1,000,000    NR  Verk Industrial Regional Public Infrastructure District, Special Tax, 6.625% due 9/1/47(c)   $1,063,961 
 700,000    NR  Wolf Creek Infrastructure Financing District No 1, Special Assessment, 5.750% due 12/1/44    726,976 
         Total Utah    9,816,055 
Vermont - 0.2%    
         Vermont Student Assistance Corp., Revenue Bonds:     
 750,000    A  Series A, 5.000% due 6/15/29(b)    770,604 
 675,000    A  Series A, 5.000% due 6/15/30(b)    702,883 
         Total Vermont    1,473,487 
Virginia - 1.2%    
 1,000,000    AA  Hampton Roads Transportation Accountability Commission, Revenue Bonds, Series A, Prerefunded 1/1/28 @ 100, 5.000% due 7/1/35(f)    1,037,923 
 2,500,000    A3(a)  Lynchburg Economic Development Authority, Revenue Bonds, 5.500% due 1/1/51    2,672,834 
 1,700,000    NR  Peninsula Town Center Community Development Authority, Special Assessment, 4.500% due 9/1/45(c)    1,629,161 
 1,000,000    B-  Tobacco Settlement Financing Corp./VA, Revenue Bonds, Series B1, 5.000% due 6/1/47    839,085 
         Virginia College Building Authority, Revenue Bonds:     
 265,000    AA+  Series E, 5.000% due 2/1/30    275,231 
 305,000    AA+  Series E, 5.000% due 2/1/31    316,289 
 300,000    AAA  Virginia Housing Development Authority, Revenue Bonds, Series F3, 3.600% due 1/1/33    299,725 
 500,000    AAA  Virginia Resources Authority, Revenue Bonds, Series C, 5.000% due 11/1/29    539,605 
         Total Virginia    7,609,853 
Washington - 3.2%    
 870,000    AAA  City of Bellevue WA, GO, 5.000% due 12/1/45    949,142 
         Energy Northwest, Revenue Bonds:     
 1,000,000    AA-  5.000% due 7/1/36    1,160,018 
 2,340,000    AA-  5.000% due 7/1/43    2,587,452 
 1,000,000    BB+  Grays Harbor County Public Hospital District No 1, Revenue Bonds, 6.875% due 12/1/53    1,088,628 
         Port of Seattle WA, Revenue Bonds:     
 1,245,000    AA-  Series A, 5.000% due 5/1/36(b)    1,260,794 
 1,000,000    AA  Series B, 5.000% due 10/1/26(b)    1,000,855 
 980,000    AA  Series B, 5.000% due 10/1/27(b)    980,810 
 135,000    AA  Series B, 5.000% due 10/1/29(b)    135,540 
 575,000    Baa3(a)  Skagit County Public Hospital District No 1, Revenue Bonds, 5.500% due 12/1/54    584,478 
         State of Washington, GO:     
 430,000    AA+  Series A, 5.000% due 8/1/32    440,959 
 2,000,000    AA+  Series A3, 5.000% due 8/1/45    2,114,511 
 355,000    AA+  Series R2018C, 5.000% due 8/1/30    364,667 
 640,000    AA+  Series R2018D, 5.000% due 8/1/33    655,716 
 1,375,000    AA+  Series R2024C, 5.000% due 8/1/37    1,548,347 
 1,800,000    AA+  Series R2025B, 5.000% due 7/1/29    1,928,650 
 1,000,000    BBB-  Washington State Convention Center Public Facilities District, Revenue Bonds, Series B, 3.000% due 7/1/48    734,762 
         Washington State Housing Finance Commission, Revenue Bonds:     
 1,000,000    BBB-  5.500% due 7/1/59    1,002,987 
 500,000    BBB  6.250% due 7/1/59(c)    530,176 
 1,000,000    AA  Series A, BAM-Insured, 5.250% due 7/1/55(c)    1,019,162 
         Total Washington    20,087,654 
Wisconsin - 1.8%    
 680,000    Aa2(a)  City of Appleton WI Storm Water System Revenue, Revenue Bonds, 5.000% due 4/1/33    758,830 
 455,000    AA  City of Glendale WI, GO, AG-Insured, 5.000% due 4/1/35    506,045 
 1,000,000    AA  Oshkosh Area School District/WI, GO, BAM-Insured, 4.750% due 3/1/44    1,028,513 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Face Amount/Units  Rating††   Security  Value
MUNICIPAL BONDS - (continued)    
Wisconsin - (continued)    
         Public Finance Authority, Revenue Bonds:     
$900,000    NR  zero coupon, due 12/15/39#(c)   $378,936 
 1,000,000    NR  4.250% due 7/1/54(b)    833,330 
 2,000,000    A+  5.000% due 12/31/35    2,208,922 
 500,000    A-(e)  5.000% due 12/1/39    525,991 
 1,500,000    Baa3(a)  5.750% due 12/31/65(b)    1,554,282 
 500,000    NR  Series A, 5.000% due 6/1/36(c)    500,042 
 1,000,000    BBB-  Series A, 5.750% due 7/1/53(c)    974,331 
 250,000    NR  Series A, 6.250% due 9/1/46(b)(c)    258,140 
 1,000,000    NR  Public Finance Authority, Special Tax, Series A, 5.000% due 6/1/41(c)    1,020,799 
 1,000,000    AA  Wisconsin Health & Educational Facilities Authority, Revenue Bonds, 4.000% due 4/1/39    978,603 
         Total Wisconsin    11,526,764 
         TOTAL MUNICIPAL BONDS     
         (Cost - $574,145,101)    577,273,940 
Shares/Units         
EXCHANGE TRADED FUND (ETF) - 2.7%    
 337,521       Vanguard Tax-Exempt Bond Index(h)     
         (Cost - $16,911,712)    16,997,558 
WARRANT - 0.0%    
DIVERSIFIED - 0.0%    
SPACs - 0.0%     
 7,808       BL Train Holdings West LLC*(i)(j)     
         (Cost - $0)    23,892 
         TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS     
         (Cost - $591,056,813)    594,295,390 
Face Amount         
SHORT-TERM INVESTMENTS - 5.6%    
MUNICIPAL BONDS - 0.8%    
$1,500,000       Jersey City Municipal Utilities Authority, Revenue Notes, Series A, 4.000% due 4/30/27    1,518,649 
 1,500,000       Monmouth County Improvement Authority, Revenue Notes, 4.000% due 3/12/27    1,516,959 
 2,000,000       PMA Levy & Aid Anticipation Notes Program, Revenue Notes, Series A, 5.000% due 9/24/26    2,012,102 
         TOTAL MUNICIPAL BONDS     
         (Cost - $5,054,403)    5,047,710 
TIME DEPOSITS - 4.8%    
 88,967       Citibank - New York, 2.970% due 6/1/26    88,967 
 12,361,928       JPMorgan Chase & Co. - New York, 2.970% due 6/1/26    12,361,928 
 178,450       Skandinaviska Enskilda Banken AB - Stockholm, 2.970% due 6/1/26    178,450 
 17,493,309       Sumitomo Mitsui Banking Corp. - Tokyo, 2.970% due 6/1/26    17,493,309 
         TOTAL TIME DEPOSITS     
         (Cost - $30,122,654)    30,122,654 
         TOTAL SHORT-TERM INVESTMENTS     
         (Cost - $35,177,057)    35,170,364 
 

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Municipal Fixed Income Fund (continued)
Shares/Units    Security  Value
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.1%    
MONEY MARKET FUND - 0.1%    
 417,150       Federated Government Obligations Fund, Premier Class, 3.548%(k)     
         (Cost - $417,150)   $417,150 
         TOTAL INVESTMENTS - 100.2%     
         (Cost - $626,651,020)    629,882,904 
         Liabilities in Excess of Other Assets - (0.2)%    (1,550,912)
         TOTAL NET ASSETS - 100.0%   $628,331,992 

 

 
†† All ratings are by Standard & Poor's Rating Service, unless otherwise noted.
# Security issued with zero coupon. Income is recognized through accretion of discount.
* Non-income producing security.
(a) Rating by Moody's Investors Service. All ratings are unaudited.
(b) Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax (AMT).
(c) Restricted security that may be sold to “qualified institutional buyers” pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $48,694,189 and represents 7.75% of net assets.  
(d) Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2026.
(e) Rating by Fitch Ratings Service. All ratings are unaudited.
(f) Pre-refunded bonds are escrowed with government obligations and/or government agency securities and are considered by the Manager to be triple-A rated even if the issuer has not applied for new ratings.
(g) When-Issued or delayed delivery security.
(h) All or a portion of this security is on loan.
(i) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $23,892 and represents 0.00% of net assets.
(j) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(k) Represents investment of collateral received from securities lending transactions.

 

Abbreviations used in this schedule:
AG — Assured Guaranty Corporation
BAM — Build America Mutual Assurance Company
COP — Certificate of Participation
GO — General Obligation
LLC — Limited Liability Company
MTA — Metropolitan Transportation Authority
PSF-GTD — Permanent School Fund Guaranteed
SONYMA — State of New York Mortgage Agency
 

 

Schedules of Investments

May 31, 2026 (unaudited)

 

Destinations Municipal Fixed Income Fund (concluded)

 
    
Summary of Investments by Security Industry^
General Obligation    36.4%
Education    15.3 
Water and Sewer    7.3 
Health Care Providers & Services    6.8 
Airport    6.6 
Development    5.4 
Transportation    4.3 
Power    2.2 
Multifamily Housing    1.9 
Nursing Homes    1.3 
Tobacco Settlement    1.0 
Bond Bank    0.8 
Single Family Housing    0.8 
Housing    0.6 
Student Loan    0.4 
Facilities    0.2 
Mello-Roos    0.2 
Utilities    0.1 
Warrant    0.0*
Exchange Traded Fund (ETF)    2.7 
Short-Term Investments    5.6 
Money Market Fund    0.1 
    100.0%

 

 

^ As a percentage of total investments.
* Position represents less than 0.05%.
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Shelter Fund
Shares/Units  Security  Value
COMMON STOCKS - 100.7%  
BASIC MATERIALS - 1.7%  
Chemicals - 1.2%  
7,209     Dow Inc.   $ 243,304  
  1,139     Linde PLC       566,869  
  2,677     LyondellBasell Industries NV, Class A Shares       178,422  
  1,318     RPM International Inc.       139,668  
      Total Chemicals       1,128,263  
Iron/Steel - 0.1%  
  3,110     Vale SA, Class B Shares, ADR       50,538  
Mining - 0.4%  
  1,461     Barrick Mining Corp.       62,165  
  3,660     Freeport-McMoRan Inc.       240,499  
  424     Southern Copper Corp.       81,111  
      Total Mining       383,775  
      TOTAL BASIC MATERIALS       1,562,576  
COMMUNICATIONS - 18.4%  
Internet - 16.5%  
  665     Alphabet Inc., Class A Shares(a)       252,926  
  17,104     Alphabet Inc., Class C Shares(a)       6,438,459  
  15,971     Amazon.com Inc.*(a)       4,322,391  
  230     AppLovin Corp., Class A Shares*       141,011  
  1,651     Booking Holdings Inc.       276,427  
  11     MercadoLibre Inc.*       18,652  
  3,901     Meta Platforms Inc., Class A Shares(a)       2,467,422  
  9,400     Netflix Inc.*(a)       808,588  
  728     Palo Alto Networks Inc.*       205,070  
  653     Roku Inc., Class A Shares*       85,008  
  586     Shopify Inc., Class A Shares*       69,564  
  2,513     Uber Technologies Inc.*       176,915  
      Total Internet       15,262,433  
Media - 0.4%  
  4,287     Comcast Corp., Class A Shares       106,618  
  253     New York Times Co., Class A Shares       19,028  
  2,285     Walt Disney Co.(a)       232,681  
      Total Media       358,327  
Telecommunications - 1.5%  
  805     Arista Networks Inc.*       128,373  
  7,852     Cisco Systems Inc.(a)       945,538  
  13,618     Telefonaktiebolaget LM Ericsson, ADR       177,851  
  7,403     Vodafone Group PLC, ADR       110,749  
      Total Telecommunications       1,362,511  
      TOTAL COMMUNICATIONS       16,983,271  
CONSUMER CYCLICAL - 7.2%  
Airlines - 0.4%  
  4,554     Delta Air Lines Inc.       375,614  
Auto Manufacturers - 2.1%  
  4,552     Tesla Inc.*(a)       1,983,716  
Auto Parts & Equipment - 0.2%  
  630     Autoliv Inc.       80,085  
  1,368     Magna International Inc.       88,592  
      Total Auto Parts & Equipment       168,677  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Shelter Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
CONSUMER CYCLICAL - (continued)  
Distribution/Wholesale - 0.4%  
307     WW Grainger Inc.   $ 378,912  
Food Service - 0.1%  
  1,163     Aramark       62,081  
Home Builders - 0.4%  
  2,377     Toll Brothers Inc.       329,309  
Lodging - 0.1%  
  1,245     Las Vegas Sands Corp.       62,960  
Retail - 3.5%  
  80     Burlington Stores Inc.*       25,906  
  874     Costco Wholesale Corp.       835,824  
  192     Dick's Sporting Goods Inc.       43,693  
  937     McDonald's Corp.       261,610  
  831     Restaurant Brands International Inc.       62,076  
  3,477     TJX Cos., Inc.       538,066  
  11,892     Walmart Inc.(a)       1,376,499  
  482     Williams-Sonoma Inc.       98,121  
      Total Retail       3,241,795  
      TOTAL CONSUMER CYCLICAL       6,603,064  
CONSUMER NON-CYCLICAL - 10.0%  
Agriculture - 1.1%  
  2,467     British American Tobacco PLC, ADR       152,436  
  4,598     Philip Morris International Inc.       815,593  
      Total Agriculture       968,029  
Beverages - 0.6%  
  5,815     Keurig Dr Pepper Inc.       174,625  
  1,146     Molson Coors Beverage Co., Class B Shares       45,301  
  3,491     Monster Beverage Corp.*       307,487  
      Total Beverages       527,413  
Biotechnology - 0.8%  
  185     Alnylam Pharmaceuticals Inc.*       55,866  
  1,301     Amgen Inc.       438,164  
  203     Biogen Inc.*       39,788  
  415     Illumina Inc.*       67,629  
  30     Regeneron Pharmaceuticals Inc.       18,443  
  182     United Therapeutics Corp.*       101,341  
      Total Biotechnology       721,231  
Commercial Services - 0.0%  
  509     Booz Allen Hamilton Holding Corp., Class A Shares       40,303  
Cosmetics/Personal Care - 0.2%  
  769     Estee Lauder Cos., Inc., Class A Shares       68,402  
  6,156     Kenvue Inc.       106,376  
      Total Cosmetics/Personal Care       174,778  
Food - 0.1%  
  737     US Foods Holding Corp.*       60,323  
Healthcare-Products - 1.3%  
  4,275     Baxter International Inc.       80,285  
  1,362     GE HealthCare Technologies Inc.       84,907  
  849     Intuitive Surgical Inc.*       360,519  
  3,244     Revvity Inc.       339,160  
  512     Thermo Fisher Scientific Inc.       252,165  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Shelter Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
CONSUMER NON-CYCLICAL - (continued)  
Healthcare-Products - (continued)  
201     Waters Corp.*   $ 77,098  
      Total Healthcare-Products       1,194,134  
Healthcare-Services - 1.4%  
  3,644     Centene Corp.*       217,182  
  1,135     Cigna Group       314,849  
  543     Elevance Health Inc.       213,502  
  1,544     UnitedHealth Group Inc.       587,199  
      Total Healthcare-Services       1,332,732  
Household Products/Wares - 0.3%  
  3,036     Kimberly-Clark Corp.       296,314  
Pharmaceuticals - 4.2%  
  2,936     AbbVie Inc.       639,226  
  239     AstraZeneca PLC       44,375  
  1,261     Eli Lilly & Co.       1,393,405  
  238     Jazz Pharmaceuticals PLC*       56,285  
  3,878     Johnson & Johnson(a)       873,830  
  4,803     Merck & Co., Inc.       570,212  
  183     Novartis AG, ADR       27,481  
  6,954     Pfizer Inc.       182,056  
  2,538     Teva Pharmaceutical Industries Ltd., ADR*       89,642  
      Total Pharmaceuticals       3,876,512  
      TOTAL CONSUMER NON-CYCLICAL       9,191,769  
ENERGY - 3.4%  
Oil & Gas - 3.1%  
  3,338     Canadian Natural Resources Ltd.       151,445  
  1,579     Cenovus Energy Inc.       43,533  
  2,580     Chevron Corp.       470,747  
  10,298     Exxon Mobil Corp.(a)       1,495,887  
  982     HF Sinclair Corp.       68,632  
  3,501     Occidental Petroleum Corp.       198,262  
  561     Ovintiv Inc.       31,438  
  1,469     Phillips 66       258,368  
  629     Range Resources Corp.       24,499  
  2,166     Suncor Energy Inc.       135,072  
      Total Oil & Gas       2,877,883  
Pipelines - 0.3%  
  217     Enbridge Inc.       11,879  
  1,082     Targa Resources Corp.       275,986  
  257     TC Energy Corp.       17,121  
      Total Pipelines       304,986  
      TOTAL ENERGY       3,182,869  
FINANCIAL - 14.1%  
Banks - 4.7%  
  2,682     Banco Bradesco SA, ADR       9,360  
  7,616     Bank of America Corp.(a)       392,986  
  60     Bank of Montreal       9,721  
  1,227     East West Bancorp Inc.       150,357  
  2,100     First Horizon Corp.       50,883  
  1,042     Goldman Sachs Group Inc.       1,068,634  
  554     ICICI Bank Ltd., ADR       14,531  
  4,939     Itau Unibanco Holding SA, ADR       38,919  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Shelter Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
FINANCIAL - (continued)  
Banks - (continued)  
6,735     JPMorgan Chase & Co.(a)   $ 2,015,853  
  7,560     Wells Fargo & Co.       586,202  
      Total Banks       4,337,446  
Diversified Financial Services - 4.5%  
  1,996     American Express Co.       631,674  
  940     Ameriprise Financial Inc.       418,967  
  470     Brookfield Asset Management Ltd., Class A Shares       22,842  
  684     Evercore Inc., Class A Shares       233,148  
  1,437     Jefferies Financial Group Inc.       75,759  
  2,305     Mastercard Inc., Class A Shares(a)       1,138,624  
  2,501     Nasdaq Inc.       231,392  
  4,380     Visa Inc., Class A Shares(a)       1,429,457  
  249     Voya Financial Inc.       20,224  
      Total Diversified Financial Services       4,202,087  
Equity Real Estate Investment Trusts (REITs) - 1.4%  
  1,118     American Tower Corp.       209,021  
  2,670     Crown Castle Inc.       244,305  
  8,447     Realty Income Corp.       517,632  
  7,200     VICI Properties Inc., Class A Shares       203,184  
  1,569     WP Carey Inc.       116,765  
      Total Equity Real Estate Investment Trusts (REITs)       1,290,907  
Insurance - 3.0%  
  3,161     Aflac Inc.       355,360  
  569     Aon PLC, Class A Shares       179,838  
  1,059     Arthur J Gallagher & Co.       212,976  
  2,829     Berkshire Hathaway Inc., Class B Shares*       1,342,304  
  1,093     Fidelity National Financial Inc.       51,754  
  3,965     Manulife Financial Corp.       151,423  
  86     Markel Group Inc.*       156,141  
  187     RenaissanceRe Holdings Ltd.       52,425  
  1,618     Unum Group       134,666  
  2,545     WR Berkley Corp.       161,709  
      Total Insurance       2,798,596  
Private Equity - 0.3%  
  6,280     Brookfield Corp.       286,305  
Real Estate - 0.2%  
  508     Jones Lang LaSalle Inc.*       143,414  
      TOTAL FINANCIAL       13,058,755  
INDUSTRIAL - 8.3%  
Aerospace/Defense - 2.0%  
  1,185     Boeing Co.*       273,913  
  1,276     General Dynamics Corp.       442,542  
  2,659     General Electric Co.       860,878  
  842     HEICO Corp.       293,167  
      Total Aerospace/Defense       1,870,500  
Building Materials - 0.3%  
  330     Carlisle Cos., Inc.       113,787  
  315     Lennox International Inc.       158,180  
  249     Louisiana-Pacific Corp.       19,019  
      Total Building Materials       290,986  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Shelter Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
INDUSTRIAL - (continued)  
Electrical Components & Equipment - 0.5%  
359     Acuity Inc.   $ 109,535  
  1,651     AMETEK Inc.       372,878  
      Total Electrical Components & Equipment       482,413  
Electronics - 0.5%  
  3,344     Amphenol Corp., Class A Shares       497,453  
Engineering & Construction - 0.1%  
  694     AECOM       48,143  
Environmental Control - 0.5%  
  1,466     Republic Services Inc., Class A Shares       293,845  
  806     Waste Connections Inc.       120,110  
      Total Environmental Control       413,955  
Hand/Machine Tools - 0.0%  
  148     Lincoln Electric Holdings Inc.       38,257  
Machinery-Construction & Mining - 2.0%  
  1,045     BWX Technologies Inc.       204,694  
  1,203     Caterpillar Inc.       1,053,672  
  587     GE Vernova Inc.       568,404  
      Total Machinery-Construction & Mining       1,826,770  
Machinery-Diversified - 0.9%  
  863     Deere & Co.       467,902  
  1,956     Graco Inc.       147,580  
  200     Rockwell Automation Inc.       90,212  
  1,089     Xylem Inc.       119,289  
      Total Machinery-Diversified       824,983  
Miscellaneous Manufacturers - 0.5%  
  2,170     3M Co.       332,292  
  1,487     Textron Inc.       136,447  
      Total Miscellaneous Manufacturers       468,739  
Packaging & Containers - 0.3%  
  340     Crown Holdings Inc.       32,327  
  906     Packaging Corp. of America       198,333  
      Total Packaging & Containers       230,660  
Transportation - 0.7%  
  1,263     Canadian National Railway Co.       149,729  
  294     Canadian Pacific Kansas City Ltd.       26,260  
  1,275     Old Dominion Freight Line Inc.       287,066  
  911     United Parcel Service Inc., Class B Shares       97,195  
  441     XPO Inc.*       94,484  
      Total Transportation       654,734  
      TOTAL INDUSTRIAL       7,647,593  
TECHNOLOGY - 35.2%  
Computers - 9.0%  
  22,655     Apple Inc(a).       7,069,719  
  484     Check Point Software Technologies Ltd.*       65,364  
  614     Dell Technologies Inc., Class C Shares       258,439  
  1,944     International Business Machines Corp.       578,923  
  198     Sandisk Corp.*       335,606  
      Total Computers       8,308,051  
Semiconductors - 18.6%  
  2,686     Advanced Micro Devices Inc.*       1,386,245  
  556     Applied Materials Inc.       250,233  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Shelter Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
TECHNOLOGY - (continued)  
Semiconductors - (continued)  
44     ASML Holding NV, Class NY Registered Shares, ADR   $ 70,961  
  8,243     Broadcom Inc.(a)       3,682,725  
  272     Cirrus Logic Inc.*       46,226  
  682     Entegris Inc.       94,655  
  7,458     Intel Corp.*       855,284  
  2,356     Lam Research Corp.       749,632  
  604     Marvell Technology Inc.       123,820  
  1,829     Micron Technology Inc.       1,775,959  
  37,946     NVIDIA Corp.(a)       8,011,919  
  781     ON Semiconductor Corp.*       94,204  
  370     Silicon Laboratories Inc.*       80,512  
      Total Semiconductors       17,222,375  
Software - 7.6%  
  11,978     Microsoft Corp.(a)       5,392,975  
  3,009     Oracle Corp.       679,372  
  3,775     Palantir Technologies Inc., Class A Shares*       590,939  
  470     SAP SE, ADR       85,441  
  765     ServiceNow Inc.*       95,143  
  223     Synopsys Inc.*       106,063  
  546     Zoom Communications Inc., Class A Shares*       55,468  
      Total Software       7,005,401  
      TOTAL TECHNOLOGY       32,535,827  
UTILITIES - 2.4%  
Electric - 2.4%  
  4,555     Ameren Corp.       491,803  
  3,696     American Electric Power Co., Inc.       468,172  
  3,809     Consolidated Edison Inc.       402,345  
  11,604     PPL Corp.       410,666  
  5,435     Xcel Energy Inc.       432,082  
      Total Electric       2,205,068  
      TOTAL UTILITIES       2,205,068  
      TOTAL COMMON STOCKS        
      (Cost - $43,423,592)       92,970,792  

 

Number of
Contracts		 Notional
Amounts		            
PURCHASED OPTIONS - 0.6%  
Index Option - 0.6%  
41 $31,078,246   S&P 500 Index Options, Put, @ $6,200.00, expires 06/30/2026, Counterparty: MSC       13,940  
40  30,320,240   S&P 500 Index Options, Put, @ $6,850.00, expires 07/31/2026, Counterparty: MSC       135,800  
40 30,320,240   S&P 500 Index Options, Put, @ $7,200.00, expires 08/31/2026, Counterparty: MSC       399,400  
      TOTAL PURCHASED OPTIONS        
      (Cost - $1,470,298)       549,140  
      TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS        
      (Cost - $44,893,890)       93,519,932  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Shelter Fund (concluded)
Face Amount  Security  Value
SHORT-TERM INVESTMENTS - 0.5%  
TIME DEPOSITS - 0.5%  
$152,010   Citibank - New York, 2.970% due 6/1/26   $ 152,010  
    281,542   JPMorgan Chase & Co. - New York, 2.970% due 6/1/26       281,542  
      TOTAL TIME DEPOSITS        
      (Cost - $433,552)       433,552  
      TOTAL INVESTMENTS - 101.8%        
      (Cost - $45,327,442)       93,953,484  
      Liabilities in Excess of Other Assets - (1.8)%     (1,645,128 )
      TOTAL NET ASSETS - 100.0%   $ 92,308,356  

 

 

* Non-income producing security.

(a) All or a portion of this security is pledged by the Fund as collateral for short sales or derivative transactions.

 

Abbreviations used in this schedule:
ADR — American Depositary Receipts
PLC — Public Limited Company
REIT — Real Estate Investment Trust

 

Summary of Investments by Security Sector^
Technology    34.6%
Communications    18.1 
Financial    13.9 
Consumer Non-cyclical    9.8 
Industrial    8.1 
Consumer Cyclical    7.0 
Energy    3.4 
Utilities    2.3 
Basic Materials    1.7 
Purchased Options    0.6 
Short-Term Investments    0.5 
    100.0%

 

 

^ As a percentage of total investments.

 

Schedule of Options Contracts Written

Equity Options

 

Number of Contracts    Notional Amount   Security Name  Counterparty  

Expiration

Date

   

Exercise

Rate

    Value 
41   $31,078,246   S&P 500 Index Options, Put  MSC   6/30/26  $5,200.00   $(3,895)
21    15,918,126   S&P 500 Index Options, Call  MSC   6/30/26   6,845.00    (1,606,185)
40    30,320,240   S&P 500 Index Options, Put  MSC   7/31/26   5,750.00    (31,000)
20    15,160,120   S&P 500 Index Options, Call  MSC   7/31/26   7,570.00    (414,600)
40    30,320,240   S&P 500 Index Options, Put  MSC   8/31/26   6,050.00    (86,000)
20    15,160,120   S&P 500 Index Options, Call  MSC   8/31/26   8,000.00    (146,700)
         TOTAL OPTIONS CONTRACTS WRITTEN          
         (Premiums received — $904,834)        $(2,288,380)

 

Counterparty Abbreviations used in this schedule:
MSC — Morgan Stanley
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund
Shares/Units  Security  Value
COMMON STOCKS - 87.1%  
Australia - 3.8%  
306,887     Atlas Arteria Ltd.   $ 1,086,133  
  77,531     Charter Hall Group       1,136,828  
  140,606     Dalrymple Bay Infrastructure Ltd.       559,370  
  184,412     Goodman Group       4,203,400  
  85,753     HMC Capital Ltd.       188,089  
  31,860     Lifestyle Communities Ltd.*       119,282  
  151,532     NEXTDC Ltd.*       1,662,357  
  254,613     Qube Holdings Ltd.       916,489  
  537,777     Scentre Group       1,478,657  
  160,075     Stockland       472,026  
  317,888     Transurban Group       3,424,886  
      Total Australia       15,247,517  
Belgium - 0.3%  
  3,922     Aedifica SA       323,752  
  4,139     Elia Group SA, Class B Shares       643,599  
  17,840     Warehouses De Pauw CVA       462,522  
      Total Belgium       1,429,873  
Canada - 8.4%  
  17,595     Agnico Eagle Mines Ltd.       3,222,524  
  19,480     Alamos Gold Inc., Class A Shares       794,784  
  13,801     AltaGas Ltd.       537,006  
  3,620     Cameco Corp.       407,974  
  11,416     Canadian National Railway Co.       1,352,285  
  60,545     Canadian Natural Resources Ltd.       2,753,243  
  9,787     Canadian Pacific Kansas City Ltd.       874,175  
  43,202     Capstone Copper Corp.*       470,309  
  34,349     Chartwell Retirement Residences, Class Trust Un Shares       503,227  
  16,154     Eldorado Gold Corp.       546,490  
  115,821     Enbridge Inc.       6,349,782  
  12,564     First Capital Real Estate Investment Trust       214,138  
  23,126     First Quantum Minerals Ltd.*       711,827  
  22,661     G Mining Ventures Corp.*       709,348  
  10,786     GFL Environmental Inc.       361,762  
  60,705     Gibson Energy Inc.       1,252,580  
  72,408     Hudbay Minerals Inc.       2,111,417  
  34,816     Kinross Gold Corp.       1,050,747  
  49,502     Nutrien Ltd.       3,393,362  
  5,903     Pembina Pipeline Corp.       275,328  
  39,722     Primaris Real Estate Investment Trust       565,811  
  7,501     Rockpoint Gas Storage Inc., Class A Shares       160,269  
  27,249     Sienna Senior Living Inc.       418,577  
  33,363     Suncor Energy Inc.       2,080,517  
  10,520     TC Energy Corp.       700,876  
  4,223     Waste Connections Inc.       629,312  
  13,580     West Fraser Timber Co., Ltd.       938,525  
      Total Canada       33,386,195  
China - 0.3%  
  858,006     China Tower Corp., Ltd, Class H Shares(a)(b)       1,087,104  
France - 1.9%  
  23,378     Aeroports de Paris SA(c)       3,135,819  
  11,706     Carmila SA       227,217  
  40,149     Engie SA       1,239,054  
  2,807     Gecina SA       239,864  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
France - (continued)  
51,437     Getlink SE   $ 1,123,842  
  10,579     Unibail-Rodamco-Westfield       1,225,069  
  14,023     Veolia Environnement SA       566,247  
      Total France       7,757,112  
Germany - 0.9%  
  47,677     E.ON SE       1,011,956  
  10,216     LEG Immobilien SE       662,812  
  6,374     RWE AG       405,594  
  305,966     Sirius Real Estate Ltd., REIT       404,961  
  56,729     TAG Immobilien AG       937,672  
      Total Germany       3,422,995  
Greece - 0.3%  
  66,049     Athens International Airport SA       783,248  
  7,683     GEK TERNA SA       383,044  
      Total Greece       1,166,292  
Hong Kong - 1.8%  
  658,400     China Gas Holdings Ltd.       582,304  
  40,500     CK Asset Holdings Ltd.       245,481  
  177,500     CLP Holdings Ltd.       1,731,726  
  110,000     Henderson Land Development Co., Ltd.       434,816  
  153,709     Hongkong Land Holdings Ltd.       1,171,715  
  202,344     Link REIT       1,043,037  
  81,810     Sun Hung Kai Properties Ltd.       1,381,141  
  150,362     Swire Properties Ltd.       426,972  
      Total Hong Kong       7,017,192  
Ireland - 0.8%  
  10,172     CRH PLC(d)(e)       1,106,612  
  6,817     CRH PLC       741,621  
  271,735     Irish Residential Properties REIT PLC       353,707  
  22,270     Smurfit Westrock PLC       916,411  
      Total Ireland       3,118,351  
Italy - 1.4%  
  328,040     Enav SpA(a)       2,063,435  
  184,601     Enel SpA       2,066,009  
  34,407     ERG SpA(c)       919,479  
  24,091     Infrastrutture Wireless Italiane SpA(a)       187,586  
  25,666     Italgas SpA       300,681  
      Total Italy       5,537,190  
Japan - 2.3%  
  54,139     Arealink Co., Ltd.       327,484  
  193     GLP J-Reit       162,027  
  200     Invincible Investment Corp.       76,985  
  661     Japan Hotel REIT Investment Corp., Class A Shares       317,936  
  116     Japan Metropolitan Fund Invest       81,943  
  546     Japan Prime Realty Investment Corp.       326,042  
  402     Japan Real Estate Investment Corp.       288,404  
  252     LaSalle Logiport REIT       230,465  
  85,889     Mitsubishi Estate Co., Ltd.       2,179,350  
  405     Mitsui Fudosan Accommodations Fund Inc., Class A Shares       320,048  
  215,463     Mitsui Fudosan Co., Ltd.       2,064,846  
  604     Nippon Building Fund Inc.       482,490  
  699     Nippon Prologis REIT Inc.       374,389  
  339     Nomura Real Estate Master Fund Inc.       324,712  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
Japan - (continued)  
5,537     Open House Group Co., Ltd.   $ 300,347  
  564     Orix JREIT Inc.       340,335  
  26,906     Sumitomo Realty & Development Co., Ltd.       626,385  
  322     United Urban Investment Corp.       327,949  
      Total Japan       9,152,137  
Luxembourg - 0.4%  
  22,874     ArcelorMittal SA       1,587,684  
Mexico - 1.1%  
  10,333     Grupo Aeroportuario del Centro Norte SAB de CV, ADR       1,036,606  
  3,159     Grupo Aeroportuario del Pacifico SAB de CV, ADR       746,472  
  8,760     Grupo Aeroportuario del Sureste SAB de CV, ADR       2,596,464  
      Total Mexico       4,379,542  
Netherlands - 0.8%  
  27,172     CTP NV       514,380  
  4,588     Ferrovial NV       313,942  
  72,225     JBS NV, Class A Shares       900,646  
  24,293     Koninklijke Vopak NV       1,297,942  
      Total Netherlands       3,026,910  
New Zealand - 1.0%  
  707,644     Auckland International Airport Ltd.       3,504,139  
  38,958     Infratil Ltd.       368,018  
      Total New Zealand       3,872,157  
Norway - 0.2%  
  67,298     Norsk Hydro ASA       822,483  
Philippines - 0.1%  
  37,261     International Container Terminal Services Inc.       455,758  
Singapore - 1.0%  
  350,378     CapitaLand Ascendas REIT       686,674  
  847,243     CapitaLand Integrated Commercial Trust       1,505,810  
  167,600     Centurion Accommodation Reit       144,379  
  192,403     Frasers Centrepoint Trust       342,102  
  101,140     Sembcorp Industries Ltd.       506,088  
  544,700     UI Boustead REIT*       339,360  
  46,993     UOL Group Ltd.       373,867  
      Total Singapore       3,898,280  
South Africa - 0.3%  
  20,574     Impala Platinum Holdings Ltd., ADR(d)       293,385  
  28,475     Northam Platinum Holdings Ltd.       549,589  
  3,253     Valterra Platinum Ltd.       271,087  
      Total South Africa       1,114,061  
Spain - 3.4%  
  91,638     Aena SME SA(a)       2,653,228  
  92,458     Cellnex Telecom SA(a)       3,099,824  
  94,822     EDP Renewables SA(c)       1,567,142  
  93,421     Iberdrola SA       2,120,526  
  55,018     Merlin Properties Socimi SA       966,970  
  10,570     Neinor Homes SA*(a)       196,410  
  64,192     Redeia Corp. SA(c)       1,102,663  
  366,071     Sacyr SA       1,984,854  
      Total Spain       13,691,617  
Sweden - 0.3%  
  8,479     Catena AB       400,154  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
Sweden - (continued)  
147,808     Fastighets AB Balder, Class B Shares*   $ 846,576  
  15,046     Wihlborgs Fastigheter AB       138,375  
      Total Sweden       1,385,105  
Switzerland - 0.6%  
  1,107     Flughafen Zurich AG, Class Registered Shares       335,059  
  195,161     Glencore PLC*       1,485,839  
  2,619     Swiss Prime Site AG, Class Registered Shares       439,209  
      Total Switzerland       2,260,107  
Thailand - 0.3%  
  729,200     Airports of Thailand PCL(d)       1,238,116  
United Kingdom - 6.3%  
  42,289     Anglo American PLC       2,254,596  
  27,142     Big Yellow Group PLC       306,381  
  310,808     BP PLC       2,171,200  
  37,215     BP PLC, ADR       1,558,192  
  105,747     CNH Industrial NV       1,079,677  
  125,997     Helios Towers PLC*       397,962  
  46,408     Land Securities Group PLC       392,873  
  305,522     LondonMetric Property PLC       780,230  
  211,749     National Grid PLC(c)       3,427,060  
  281,369     Pennon Group PLC       1,955,312  
  17,965     Rio Tinto PLC       1,926,531  
  64,204     Segro PLC       624,271  
  226,172     Shaftesbury Capital PLC       412,843  
  23,462     Shell PLC       987,202  
  62,026     SSE PLC       1,947,184  
  338,199     Tritax Big Box REIT PLC       686,040  
  42,356     UNITE Group PLC       294,518  
  196,833     United Utilities Group PLC       3,563,681  
  64,657     Yellow Cake PLC*(a)       495,459  
      Total United Kingdom       25,261,212  
United States - 49.1%  
  21,789     Acadia Realty Trust       479,794  
  20,974     Agree Realty Corp.       1,555,222  
  20,454     Alcoa Corp.       1,588,049  
  31,861     Alliant Energy Corp.       2,281,566  
  15,464     Ameren Corp.       1,669,648  
  41,189     American Electric Power Co., Inc.       5,217,411  
  34,230     American Healthcare REIT Inc.       1,673,505  
  33,688     American Homes 4 Rent, Class A Shares       1,080,711  
  11,140     American Tower Corp.       2,082,734  
  26,264     Antero Resources Corp.*       938,938  
  14,911     Archer-Daniels-Midland Co.       1,189,600  
  8,422     Arcosa Inc.       1,067,489  
  11,364     AvalonBay Communities Inc.       2,074,044  
  24,794     Black Hills Corp.       1,805,499  
  26,194     Blackstone Digital Infrastructure Trust Inc.*       566,576  
  23,687     Brixmor Property Group Inc.       723,875  
  19,241     Broadstone Net Lease Inc., Class A Shares       389,245  
  17,424     Bunge Global SA       2,148,379  
  4,116     BXP Inc.       247,001  
  4,736     Camden Property Trust       504,668  
  19,203     CareTrust REIT Inc.       783,866  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
United States - (continued)  
4,056     CBRE Group Inc., Class A Shares*   $ 507,162  
  32,627     CenterPoint Energy Inc.       1,378,817  
  7,351     CF Industries Holdings Inc.       825,885  
  19,026     Cheniere Energy Inc.       4,278,186  
  5,478     Chord Energy Corp.       722,384  
  31,125     CMS Energy Corp.       2,258,741  
  29,680     Coeur Mining Inc.       573,418  
  14,254     Commercial Metals Co.       1,084,017  
  28,946     ConocoPhillips       3,299,265  
  1,134     Constellation Energy Corp.       326,309  
  15,997     Core Natural Resources Inc.       1,414,775  
  31,123     Corteva Inc.       2,436,308  
  3,435     Cousins Properties Inc.       92,092  
  19,343     Crown Castle Inc.       1,769,885  
  19,544     CSX Corp.       884,561  
  14,012     CubeSmart       560,480  
  10,809     Curbline Properties Corp.       314,866  
  20,569     Diamondback Energy Inc.       3,938,552  
  12,247     Digital Realty Trust Inc.       2,326,930  
  28,869     Dominion Energy Inc.       1,932,491  
  4,676     DT Midstream Inc.       654,546  
  4,230     EastGroup Properties Inc.       854,079  
  2,106     Empire State Realty Trust Inc., Class A Shares       12,067  
  34,408     Entergy Corp.       3,752,192  
  4,162     EPR Properties       237,442  
  12,225     EQT Corp.       671,519  
  6,886     Equinix Inc.       7,354,523  
  1,031     Equity LifeStyle Properties Inc.       63,685  
  15,950     Equity Residential       1,043,928  
  15,200     Essential Properties Realty Trust Inc.       464,816  
  62,352     Essential Utilities Inc.       2,300,165  
  6,645     Essex Property Trust Inc.       1,811,693  
  7,863     Evergy Inc.       645,081  
  33,657     Exelon Corp.       1,536,105  
  23,418     Expand Energy Corp.       2,177,406  
  3,672     Extra Space Storage Inc.       529,906  
  14,229     Exxon Mobil Corp.       2,066,905  
  4,491     Federal Realty Investment Trust       537,258  
  23,343     First Industrial Realty Trust Inc.       1,444,231  
  5,935     Four Corners Property Trust Inc.       147,782  
  35,686     Freeport-McMoRan Inc.       2,344,927  
  20,349     Gaming & Leisure Properties Inc.       955,793  
  36,570     GO Residential Real Estate Investment Trust       363,872  
  27,931     Healthpeak Properties Inc.       534,879  
  10,850     Highwoods Properties Inc.       283,185  
  1,705     Hyatt Hotels Corp., Class A Shares       309,219  
  3,284     IDACORP Inc.       460,647  
  79,418     International Paper Co.       2,658,120  
  45,536     Invitation Homes Inc.       1,331,928  
  20,470     Iron Mountain Inc.       2,625,278  
  10,839     Janus Living Inc., Class A Shares*       290,160  
  713     Jones Lang LaSalle Inc.*       201,287  
  15,530     Kilroy Realty Corp.       532,213  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
United States - (continued)  
67,242     Kimbell Royalty Partners LP   $ 1,009,302  
  8,522     Kimco Realty Corp.       205,210  
  82,875     Kinder Morgan Inc.       2,575,755  
  2,544     Lamar Advertising Co., Class A Shares       387,858  
  1,850     Lineage Inc.       82,159  
  6,652     Louisiana-Pacific Corp.       508,080  
  1,282     LXP Industrial Trust       66,202  
  47,543     Macerich Co.       1,070,668  
  4,956     Marathon Petroleum Corp.       1,232,904  
  1,020     Mid-America Apartment Communities Inc.       131,651  
  7,671     Millrose Properties Inc.       216,476  
  23,686     National Healthcare Properties Inc., Class A Shares*       342,263  
  66,537     NETSTREIT Corp.       1,348,040  
  34,664     Newmont Corp.       3,806,454  
  65,050     NextEra Energy Inc.       5,660,001  
  55,084     NiSource Inc.       2,545,982  
  11,922     NRG Energy Inc.       1,598,502  
  5,383     Nucor Corp.       1,345,750  
  29,823     Occidental Petroleum Corp.       1,688,876  
  36,076     ONEOK Inc.       3,028,219  
  28,917     Ovintiv Inc.       1,620,509  
  6,439     Packaging Corp. of America       1,409,561  
  31,580     Peabody Energy Corp.       854,239  
  51,790     Permian Resources Corp., Class A Shares       995,922  
  115,124     PG&E Corp.       1,881,126  
  5,221     Phillips 66       918,269  
  23,969     Pilgrim’s Pride Corp.       678,562  
  10,672     PPL Corp.       377,682  
  41,713     Prologis Inc.       5,984,564  
  9,785     Public Storage       2,971,607  
  6,431     Realty Income Corp.       394,092  
  1,348     Republic Services Inc., Class A Shares       270,193  
  29,591     Rexford Industrial Realty Inc.       1,049,593  
  4,394     Royal Gold Inc.       986,365  
  5,023     Ryman Hospitality Properties Inc.       578,298  
  26,001     Sabra Health Care REIT Inc.       517,160  
  1,902     SBA Communications Corp., Class A Shares       386,410  
  30,175     Sempra       2,689,498  
  18,868     Simon Property Group Inc.       3,866,242  
  8,700     SL Green Realty Corp.       394,980  
  64,042     SLB Ltd.       3,493,491  
  4,041     Smartstop Self Storage REIT Inc.       126,281  
  1,720     Southern Co.       158,326  
  11,639     STAG Industrial Inc.       440,769  
  5,401     Steel Dynamics Inc.       1,405,070  
  6,210     Sun Communities Inc.       767,929  
  12,819     Sunstone Hotel Investors Inc.       138,702  
  6,030     Targa Resources Corp.       1,538,072  
  5,669     UDR Inc.       209,186  
  2,254     Union Pacific Corp.       591,991  
  16,346     Urban Edge Properties       366,804  
  2,743     Valero Energy Corp.       671,541  
  47,665     Ventas Inc.       4,023,879  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (continued)
Shares/Units  Security  Value
COMMON STOCKS - (continued)  
United States - (continued)  
80,785     VICI Properties Inc., Class A Shares   $ 2,279,753  
  2,697     Vistra Corp.       432,140  
  4,411     Waste Management Inc.       932,750  
  15,640     Weatherford International PLC       1,620,930  
  43,689     Welltower Inc.       8,970,662  
  14,055     Weyerhaeuser Co.       344,488  
  25,907     Williams Cos., Inc.       1,849,501  
  11,273     WP Carey Inc.       838,937  
  5,817     Wyndham Hotels & Resorts Inc.       466,872  
  49,997     Xcel Energy Inc.       3,974,762  
      Total United States       195,507,841  
 
 		  
 		  
 		 TOTAL COMMON STOCKS
(Cost - $302,522,901) 		 
 		  
 		  
  346,822,831		  
 
EXCHANGE TRADED FUNDS (ETFs) - 11.0%  
United States - 11.0%  
  733,459     Pimco Commodity Strategy Active Exchange-Traded Fund       24,607,549  
  193,050     SPDR Gold MiniShares Trust*       17,360,986  
  20,420     VanEck Gold Miners       1,827,386  
      Total United States       43,795,921  
 
 		  
 		  
 		 TOTAL EXCHANGE TRADED FUNDS (ETFs)
(Cost - $36,728,213) 		 
 		  
 		  
  43,795,921		  
 
LIMITED PARTNERSHIP - 0.1%  
United States - 0.1%  
  25,790
 		  
 		  
 

Energy Transfer LP

(Cost - $473,926)

 
 		  
 		  
  494,394		  
 
CLOSED-END FUND - 0.1%  
Jersey, Channel Islands - 0.1%  
  34,167
 		  
 		  
 		 3i Infrastructure PLC
(Cost - $143,541) 		 
 		  
 		  
  169,996		  
 
 
 		  
 		  
 		 TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS
(Cost - $339,868,581) 		 
 		  
 		  
  391,283,142		  
 
Face Amount†            
SHORT-TERM INVESTMENTS - 1.6%  
TIME DEPOSITS - 1.6%  
  259 HKD   ANZ National Bank - Hong Kong, 0.810% due 6/1/26       33  
      Brown Brothers Harriman - Grand Cayman:        
  53 CAD   1.120% due 6/1/26       38  
  624 AUD   2.930% due 6/1/26       449  
  151,528 NOK   2.970% due 6/1/26       16,390  
  30 NZD   0.760% due 6/2/26       18  
      Citibank - London:        
  163 EUR   0.860% due 6/1/26       190  
  8,670 GBP   2.670% due 6/1/26       11,677  
  1,446,554     Citibank - New York, 2.970% due 6/1/26       1,446,554  
  14,447 SGD   Hong Kong & Shanghai Bank - Singapore, 0.300% due 6/2/26       11,320  
  5,077,422     JPMorgan Chase & Co. - New York, 2.970% due 6/1/26       5,077,422  
  91 SEK   Skandinaviska Enskilda Banken AB - Stockholm, 0.590% due 6/1/26       10  
1,842 JPY   Sumitomo Mitsui Banking Corp. - Tokyo, 0.190% due 6/1/26     12  
      TOTAL TIME DEPOSITS        
      (Cost - $6,564,113)       6,564,113  
 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (continued)
Shares/Units  Security  Value
INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 2.2%  
MONEY MARKET FUND - 2.2%  
  8,734,935
 		  
 		  
 		 Federated Government Obligations Fund, Premier Class, 3.548%(f)
(Cost - $8,734,935) 		 
 		  
$		  
  8,734,935		  
 
 
 		  
 		  
 		 TOTAL INVESTMENTS - 102.1%
(Cost - $355,167,629) 		 
 		  
 		  
  406,582,190		  
 
      Liabilities in Excess of Other Assets - (2.1)%       (8,540,855 )
      TOTAL NET ASSETS - 100.0%   $ 398,041,335  

 

 

† Face amount denominated in U.S. dollars, unless otherwise noted.
* Non-income producing security.
(a) Restricted security that may be sold to “qualified institutional buyers” pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2026, amounts to $9,783,045 and represents 2.46% of net assets.  
(b) Security trades on the Hong Kong exchange.
(c) All or a portion of this security is on loan.
(d) Illiquid security. The aggregate value of illiquid holdings at May 31, 2026, amounts to $2,638,113 and represents 0.66% of net assets.
(e) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.
(f) Represents investment of collateral received from securities lending transactions.

 

Abbreviations used in this schedule:

 

ADR — American Depositary Receipts
LP — Limited Partnership
PCL — Public Company Limited
PLC — Public Limited Company
REIT — Real Estate Investment Trust
SPDR — Standard & Poor’s Depository Receipts

 

Summary of Investments by Security Sector^
Financial    28.4%
Utilities    17.2 
Energy    15.8 
Industrial    10.4 
Basic Materials    9.6 
Consumer Non-cyclical    3.4 
Communications    0.4 
Consumer Cyclical    0.3 
Exchange Traded Funds (ETFs)    10.8 
Closed-End Fund    0.0*
Short-Term Investments    1.6 
Money Market Fund    2.1 
    100.0%

 

^ As a percentage of total investments.
* Position represents less than 0.05%.

 

Schedules of Investments
May 31, 2026 (unaudited)
 
Destinations Real Assets Fund (concluded)

 

Currency Abbreviations used in this schedule:

 

AUD — Australian Dollar
CAD — Canadian Dollar
EUR — Euro
GBP — British Pound
HKD — Hong Kong Dollar
JPY — Japanese Yen
NOK — Norwegian Krone
NZD — New Zealand Dollar
SEK — Swedish Krona
SGD — Singapore Dollar
 

Ratings (unaudited)

 

The definitions of the applicable rating symbols are set forth below:

 

Standard & Poor’s Ratings Service (“Standard & Poor’s”) — Ratings from “AA” to “CCC” may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories.

 

AAA — Bonds rated “AAA” have the highest rating assigned by Standard & Poor’s. Capacity to pay interest and repay principal is extremely strong.

 

AA — Bonds rated “AA” have a very strong capacity to pay interest and repay principal and differ from the highest rated issues only in a small degree.

 

A — Bonds rated “A” have a strong capacity to pay interest and repay principal although they are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt in higher rated categories.

 

BBB — Bonds rated “BBB” are regarded as having an adequate capacity to pay interest and repay principal. Whereas they normally exhibit adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay interest and repay principal for bonds in this category than in higher rated categories.

 

BB, B, CCC, CC and C — Bonds rated “BB”, “B”, “CCC”, “CC” and “C” are regarded, on balance, as predominantly speculative with respect to capacity to pay interest and repay principal in accordance with the terms of the obligation. “BB” represents the lowest degree of speculation and “C” the highest degree of speculation. While such bonds will likely have some quality and protective characteristics, these are outweighed by large uncertainties or major risk exposures to adverse conditions.

 

D — Bonds rated “D” are in default and payment of interest and/or repayment of principal is in arrears.

 

P — Preliminary rating.

 

u — The upgrade state defines bonds that have recently been upgraded into higher rating categories.

 

Moody’s Investors Service (“Moody’s”) — Numerical modifiers 1, 2 and 3 may be applied to each generic rating from “Aa” to “Caa”, where 1 is the highest and 3 the lowest ranking within its generic category.

 

Aaa — Bonds rated “Aaa” are judged to be of the best quality. They carry the smallest degree of investment risk and are generally referred to as “gilt edge”. Interest payments are protected by a large or by an exceptionally stable margin and principal is secure. While the various protective elements are likely to change, such changes as can be visualized are most unlikely to impair the fundamentally strong position of such issues.

 

Aa — Bonds rated “Aa” are judged to be of high quality by all standards. Together with the “Aaa” group they comprise what are generally known as high grade bonds. They are rated lower than the best bonds because margins of protection may not be as large as in “Aaa” securities or fluctuation of protective elements may be of greater amplitude or there may be other elements present which make the long-term risks appear somewhat larger than in “Aaa” securities.

 

A — Bonds rated “A” possess many favorable investment attributes and are to be considered as upper medium grade obligations. Factors giving security to principal and interest are considered adequate but elements may be present which suggest a susceptibility to impairment some time in the future.

 

Baa — Bonds rated “Baa” are considered as medium grade obligations, i.e., they are neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements may be lacking or may be characteristically unreliable over any great length of time. Such bonds lack outstanding investment characteristics and in fact have speculative characteristics as well.

 

Ratings (unaudited)(continued)

 

Ba — Bonds rated “Ba” are judged to have speculative elements; their future cannot be considered as well assured. Often the protection of interest and principal payments may be very moderate and therefore not well safeguarded during both good and bad times over the future. Uncertainty of position characterizes bonds in this class.

 

B — Bonds rated “B” generally lack characteristics of desirable investments. Assurance of interest and principal payments or of maintenance of other terms of the contract over any long period of time may be small.

 

Caa — Bonds rated “Caa” are of poor standing. These may be in default, or present elements of danger may exist with respect to principal or interest.

 

Ca — Bonds rated “Ca” represent obligations which are speculative in a high degree. Such issues are often in default or have other marked short-comings.

 

C — Bonds rated “C” are the lowest class of bonds and issues so rated can be regarded as having extremely poor prospects of ever attaining any real investment standing.

 

e — Expected.

 

u — Upgraded.

 

Fitch Ratings Service (“Fitch”) — Ratings from “AA” to “CCC” may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories.

 

AAA — Bonds rated “AAA” have the highest rating assigned by Fitch. Capacity to pay interest and repay principal is extremely strong.

 

AAApre — Stable Outlook rating is based on the pledge of securities in the escrow deposit fund securing the bonds and reflects the lien of the refunded bondholders on the escrow trust funds and that all amounts have been invested in direct non-callable obligations of the United States.

 

AA — Bonds rated “AA” have a very strong capacity to pay interest and repay principal and differ from the highest rated issues only in a small degree.

 

A — Bonds rated “A” have a strong capacity to pay interest and repay principal although they are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt in higher rated categories.

 

BBB — Bonds rated “BBB” are regarded as having an adequate capacity to pay interest and repay principal. Whereas they normally exhibit adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay interest and repay principal for bonds in this category than in higher rated categories.

 

BB, B, CCC, CC and C — Bonds rated “BB”, “B”, “CCC”, “CC” and “C” are regarded, on balance, as predominantly speculative with respect to capacity to pay interest and repay principal in accordance with the terms of the obligation. “BB” represents a lower degree of speculation than “B”, and “CC” the highest degree of speculation. While such bonds will likely have some quality and protective characteristics, these are outweighed by large uncertainties or major risk exposures to adverse conditions.

 

D — Bonds rated “D” are in default and payment of interest and/or repayment of principal is in arrears.

 

NR — Indicates that the bond is not rated by Standard & Poor’s, Moody’s, or Fitch.

 

WD, WR — Indicates that the bonds rating has been withdrawn and the issuer is no longer rated by Standard & Poor’s, Moody’s or Fitch.

 

Ratings (unaudited)(concluded)

 

Short-Term Security Ratings

 

SP-1 — Standard & Poor’s highest rating indicating very strong or strong capacity to pay principal and interest; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.

 

A-1 — Standard & Poor’s highest commercial paper and variable-rate demand obligation (VRDO) rating indicating that the degree of safety regarding timely payment is either overwhelming or very strong; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.

 

VMIG 1 — Moody’s highest rating for issues having a demand feature — VRDO.

 

MIG1 — Moody’s highest rating for short-term municipal obligations.

 

P-1 — Moody’s highest rating for commercial paper and for VRDO prior to the advent of the VMIG 1 rating.

 

F-1 — Fitch’s highest rating indicating the strongest capacity for timely payment of financial commitments; those issues determined to possess overwhelming strong credit feature are denoted with a plus (+) sign.

 

F-2 — Fitch’s rating indicating a good capacity for timely payment of financial commitments.

 

Notes to Financial Statements

May 31, 2026 (unaudited)

 

1. Organization

 

Brinker Capital Destinations Trust (“Trust”) is organized as a Delaware statutory trust and registered under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. The Trust currently consists of Destinations Large Cap Equity Fund, Destinations Small-Mid Cap Equity Fund, Destinations International Equity Fund, Destinations Equity Income Fund, Destinations Core Fixed Income Fund, Destinations Low Duration Fixed Income Fund, Destinations Global Fixed Income Opportunities Fund, Destinations Municipal Fixed Income Fund, Destinations Multi Strategy Alternatives Fund, Destinations Shelter Fund and Destinations Real Assets Fund (individually, a “Fund” and collectively, the “Funds”). Each Fund currently offers two classes of shares designated as Class I and Class Z shares.

 

Orion Portfolio Solutions LLC serves as the investment adviser to the Funds and conducts business as Brinker Capital Investments (“Brinker Capital” or the “Adviser”). The Funds employ a multimanager strategy. The Adviser selects and oversees professional money managers (each a “Sub-adviser”) who are responsible for investing the assets of the Funds allocated to them.

 

2. Investment valuation

 

Equity securities for each Fund for which market quotations are readily available and are traded on an exchange are valued at the closing sale price or official closing price on the exchange on which such security is principally traded. In the event there are no sales that day, such securities are valued at the bid price. For equity securities that are primarily traded on foreign exchanges, these values are converted to U.S. dollars using the current exchange rates as of the close of the New York Stock Exchange (“NYSE”).

 

Futures contracts are valued at the last posted settlement price in the market where such contracts are principally traded. Foreign currency forward contracts are valued at the current Business Day’s interpolated foreign exchange rate, as calculated using the current day’s spot rate, and the thirty, sixty, ninety and one-hundred eighty day forward rates provided by an independent source.

 

Portfolio securities traded in the over-the-counter market for which market quotations are readily available are valued at the last sales price that day. In the event there are no sales that day, such securities are valued at the bid price. Investments in registered open-end management investment companies are valued at the last reported net asset value per share.

 

Securities pledged by the Funds as collateral, if any, are identified as such in the Schedules of Investments.

 

Debt obligations that will mature in 60 days or less are valued at amortized cost, which approximates market value. Debt obligations that will mature in more than 60 days are valued using valuations furnished by an approved third-party pricing service; such valuations are determined by the third-party pricing service based upon its analysis of a variety of factors, including transactions in debt obligations, quotations from bond dealers, market transactions in comparable securities and its analysis of various relationships between securities, prices or yields of securities with similar characteristics, benchmark curves or information pertaining to the issuer, as well as industry and economic events.

 

The Board of Trustees (the “Board”) has ultimate responsibility for ensuring the Funds’ investments are valued appropriately. Pursuant to the requirements of the 1940 Act and Rule 2a-5, the Board designated a committee of persons at the investment adviser as the “Valuation Designee” to perform fair value determinations and approved revised policies and procedures for the Trust. The Valuation Designee is subject to the Board’s oversight and certain reporting and other requirements intended to ensure that the Board receives the information it needs to oversee the Valuation Designee’s fair value determinations. When market quotations are not readily available or are determined to be unreliable, investments are valued at fair value as determined in good faith by the valuation committee established by the Adviser in accordance with such procedures under the oversight of the Board. Circumstances that may indicate that market quotations are not readily available or are unreliable include, but are not limited to, such instances when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, and before the applicable Fund calculates its Net Asset Value (“NAV”).

 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

Each business day, the Funds use a Board-approved third-party pricing service to assist with the valuation of foreign equity securities. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities to more accurately reflect their fair value as of the close of regular trading on the NYSE.

 

The Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities that segregates fair value measurements into levels (Level 1, 2, and 3). The three levels of the fair value hierarchy are as follows:

 

Level 1 — unadjusted quoted prices in active markets for identical securities.

 

Level 2 — significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

 

Level 3 — significant unobservable inputs (including assumptions made by the Board or persons acting at their direction that are used in determining the fair value of investments.)

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following are certain inputs and techniques that the Funds generally use to evaluate how to classify each major category of assets and liabilities in accordance with GAAP.

 

Fixed income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. treasury obligations, sovereign bonds, bank loans, convertible preferred securities and non-U.S. bonds are normally valued by third-party pricing service providers that use broker quotations, reported trades or valuation estimates from their internal pricing models. The service providers’ internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. To the extent that these inputs are significant and unobservable, the values are categorized as Level 3 of the fair value hierarchy.

 

Mortgage-related and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by third-party pricing service providers that use broker-dealer quotations or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche, and incorporate deal collateral performance, as available. Mortgage-related and asset-backed securities and the related forward sales commitments that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. To the extent that these inputs are significant and unobservable, the values are categorized as Level 3 of the fair value hierarchy.

 

Common stocks, preferred stocks, rights, warrants, exchange-traded funds and financial derivative instruments, such as futures contracts or options contracts that are traded on a national securities exchange, are categorized as Level 1 of the fair value hierarchy, to the extent these securities are actively traded and valuation adjustments are not applied.

 

Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the NYSE close. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are also categorized as Level 2 of the fair value hierarchy.

 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

Investments in registered open-end investment management companies are valued based upon the NAVs of such investments on the valuation date and are categorized as Level 1 of the fair value hierarchy.

 

Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy.

 

Over-the-counter financial derivative instruments, such as forward foreign currency contracts, derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or by third-party pricing service providers. Depending on the product and the terms of the transaction, the value of financial derivatives can be estimated by a third-party pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, yield curves, dividends and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. To the extent that these inputs are significant and unobservable, the values are categorized as Level 3 of the fair value hierarchy.

 

Centrally cleared swaps listed or traded on the multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange. For centrally cleared credit default swaps, the clearing facility requires its members to provide actionable levels across complete term structures. These levels along with external third party prices are used to produce daily settlement prices. Centrally cleared interest rate swaps are valued using a pricing model that references the underlying rates including the overnight index swap rate and London Interbank Offered Rate (“LIBOR”) forward rate to produce the daily settlement price. These securities are categorized as Level 2 of the fair value hierarchy.

 

The Funds’ policy is to recognize transfers between levels at the end of the reporting period. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. 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. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

The following table summarizes the valuation of each Fund’s assets and liabilities using the fair value hierarchy:

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Large Cap Equity Fund                    
Investments, at value                    
Common Stocks:                    
Basic Materials  $46,464,634   $46,464,634   $—   $— 
Communications   541,960,184    541,960,184    —    — 
Consumer Cyclical   300,925,309    300,925,309    —    — 
Consumer Non-cyclical   434,620,873    434,620,873    —    — 
Energy   85,788,586    85,788,586    —    — 
Financial   497,633,677    497,633,677    —    — 
Industrial   334,817,513    334,817,513    —    — 
Technology   1,077,639,008    1,077,636,319    —    2,689 
Utilities   43,344,423    43,344,423    —    — 
Exchange Traded Funds (ETFs)   225,780,088    225,780,088    —    — 
Preferred Stocks   806,600    —    —    806,600 
Short-Term Investments:                    
Time Deposits   31,419,446    —    31,419,446    — 
Money Market Fund   30,037,700    30,037,700    —    — 
Total Investments, at value  $3,651,238,041   $3,619,009,306   $31,419,446   $809,289 
Other Financial Instruments - Assets                    
Futures Contracts  $268,719   $268,719   $—   $— 
Total Other Financial Instruments - Assets  $268,719   $268,719   $—   $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Small-Mid Cap Equity Fund                    
Investments, at value                    
Common Stocks:                    
Basic Materials  $41,007,470   $41,007,470   $—   $— 
Communications   36,052,969    36,052,969    —    — 
Consumer Cyclical   66,959,459    66,959,459    —    — 
Consumer Non-cyclical   124,927,801    124,926,445    —    1,356 
Energy   45,157,260    45,157,260    —    — 
Financial   111,523,874    111,523,862    —    12 
Government   38,865    38,865    —    — 
Industrial   168,419,489    168,419,489    —    — 
Technology   84,773,871    84,773,871    —    — 
Utilities   23,196,737    23,196,737    —    — 
Exchange Traded Funds (ETFs)   26,708,432    26,708,432    —    — 
Limited Partnership   19,738    19,738    —    — 
Closed-End Fund   3,711    3,711    —    — 
Warrant   420    420    —    — 
Short-Term Investments:                    
Time Deposits   16,602,671    —    16,602,671    — 
Money Market Fund   6,865,360    6,865,360    —    — 
Total Investments, at value  $752,258,127   $735,654,088   $16,602,671   $1,368 
Other Financial Instruments - Assets                    
Futures Contracts  $244,468   $244,468   $—   $— 
Total Other Financial Instruments - Assets  $244,468   $244,468   $—   $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations International Equity Fund                    
Investments, at value                    
Common Stocks:                    
Australia  $46,828,349   $—   $46,828,349   $— 
Austria   1,170,403    —    1,170,403    — 
Belgium   2,922,534    —    2,922,534    — 
Bermuda   2,916,787    —    2,916,787    — 
Brazil   12,680,900    7,146,774    5,534,126    — 
Canada   126,067,898    126,067,898    —    — 
Chile   2,954,905    2,680,346    274,559    — 
China   50,677,388    11,839,460    38,837,928    — 
Curacao   42,532    —    42,532    — 
Czech Republic   45,393    —    45,393    — 
Denmark   27,239,031    2,201,104    25,037,927    — 
Finland   38,995,092    —    38,995,092    — 
France   103,842,628    —    103,842,628    — 
Germany   104,621,679    —    104,621,679    — 
Greece   7,228,457    —    7,228,457    — 
Hong Kong   35,655,296    6,590,368    29,064,928    — 
Hungary   1,092,061    —    1,092,061    — 
India   59,533,707    —    59,533,707    — 
Indonesia   14,831,917    —    14,831,917    — 
Ireland   26,881,214    7,291,508    19,589,706    — 
Israel   10,833,274    4,521,431    6,311,843    — 
Italy   53,954,767    —    53,954,767    — 
Japan   287,685,211    —    287,685,211    — 
Luxembourg   12,934,585    2,217,994    10,716,591    — 
Macau   104,503    —    104,503    — 
Malaysia   1,756,920    —    1,756,920    — 
Mexico   16,169,157    —    16,169,157    — 
Netherlands   77,642,628    1,772,299    75,870,329    — 
New Zealand   892,046    —    892,046    — 
Norway   27,979,508    —    27,979,508    — 
Peru   2,030,425    2,030,425    —    — 
Philippines   1,548,174    —    1,548,174    — 
Poland   1,678,021    —    1,678,021    — 
Portugal   2,666,297    —    2,666,297    — 
Russia   909    —    —    909 
Saudi Arabia   3,975,856    —    3,975,856    — 
Singapore   10,963,580    3,678,430    7,285,150    — 
South Africa   7,406,482    —    7,406,482    — 
South Korea   136,374,129    —    136,374,129    — 
Spain   27,685,504    —    27,684,760    744 
Sweden   45,827,954    2,780,041    43,047,913    — 
Switzerland   90,639,281    9,958,356    80,680,925    — 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations International Equity Fund (continued)               
Investments, at value (continued)                    
Common Stocks: (continued)                    
Taiwan  $107,139,560   $592,525   $106,547,035   $— 
Thailand   5,130,916    —    5,130,916    — 
Turkey   476,682    —    476,682    — 
United Arab Emirates   382,391    —    382,391    — 
United Kingdom   184,833,204    15,028,597    169,696,317    108,290 
United States   24,593,196    23,114,761    622,483    855,952 
Uruguay   3,284,474    3,284,474    —    — 
Vietnam   1,803,087    —    1,803,087    — 
Exchange Traded Funds (ETFs)   199,281,305    199,281,305    —    — 
Preferred Stocks:                    
Germany   7,783,857    —    7,783,857    — 
United States   47,885    —    —    47,885 
Warrants:                    
Canada   —*   —    —    —*
United States   613    613    —    — 
Short-Term Investments:                    
Time Deposits   32,112,099    —    32,112,099    — 
U.S. Government Agency   7,534,000    —    7,534,000    — 
Money Market Fund   34,431,995    34,431,995    —    — 
Total Investments, at value  $2,095,812,646   $466,510,704   $1,628,288,162   $1,013,780 
Other Financial Instruments - Assets                    
Futures Contracts  $298,281   $298,281   $—   $— 
Total Other Financial Instruments - Assets  $298,281   $298,281   $—   $— 
Other Financial Instruments - Liabilities                    
Option Contract Written  $(24,746)  $(24,746)  $—   $— 
Total Other Financial Instruments - Liabilities  $(24,746)  $(24,746)  $—   $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Equity Income Fund                    
Investments, at value                    
Common Stocks:                    
Basic Materials  $16,041,144   $7,916,211   $8,124,933   $— 
Communications   28,988,043    20,892,322    8,095,721    — 
Consumer Cyclical   19,681,987    15,911,425    3,770,562    — 
Consumer Non-cyclical   89,617,796    62,617,115    27,000,681    — 
Energy   40,314,562    32,292,502    8,022,060    — 
Financial   99,994,646    67,985,901    32,008,745    — 
Industrial   39,198,576    19,160,606    20,037,970    — 
Technology   26,864,513    22,734,585    4,129,928    — 
Utilities   46,125,352    37,914,448    8,210,904    — 
Exchange Traded Funds (ETFs)   66,750,436    66,750,436    —    — 
Convertible Preferred Stock   3,360,792    3,360,792    —    — 
Limited Partnership   1,857,343    1,857,343    —    — 
Short-Term Investments:                    
Corporate Notes   5,973,490    —    5,973,490    — 
Time Deposits   10,023,977    —    10,023,977    — 
Money Market Fund   3,433,673    3,433,673    —    — 
Total Investments, at value  $498,226,330   $362,827,359   $135,398,971   $— 
Other Financial Instruments - Liabilities                    
Options Contracts Written  $(40,075)  $(40,075)  $—   $— 
Total Other Financial Instruments - Liabilities  $(40,075)  $(40,075)  $—   $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Core Fixed Income Fund                    
Investments, at value                    
U.S. Government Agencies & Obligations  $454,353,745   $—   $454,353,745   $— 
Mortgage-Backed Securities   331,225,761    —    331,225,761    — 
Collateralized Mortgage Obligations   276,983,263    —    276,983,263    — 
Corporate Bonds & Notes   255,325,733    —    255,325,733    — 
Asset-Backed Securities   132,743,177    —    132,743,177    — 
Collateralized Loan Obligations   27,709,002    —    27,709,002    — 
Sovereign Bonds   8,280,657    —    8,280,657    — 
Senior Loans   4,384,021    —    4,384,021    — 
Exchange Traded Fund (ETF)   39,169,017    39,169,017    —    — 
Common Stocks   5,352    —    —    5,352 
Short-Term Investments:                    
Time Deposits   26,647,728    —    26,647,728    — 
U.S. Government Obligations   10,507,765    —    10,507,765    — 
Money Market Fund   599,808    599,808    —    — 
Total Investments, at value  $1,567,935,029   $39,768,825   $1,528,160,852   $5,352 
Other Financial Instruments - Assets                    
Futures Contracts  $60,615   $60,615   $—   $— 
Centrally Cleared Interest Rate Swaps   905,438    —    905,438    — 
Centrally Cleared Credit Default Swap   4,711    —    4,711    — 
Total Other Financial Instruments - Assets  $970,764   $60,615   $910,149   $— 
Other Financial Instruments - Liabilities                    
Futures Contracts  $(142,926)  $(142,926)  $—   $— 
Centrally Cleared Credit Default Swap   (6,420)   —    (6,420)   — 
Forward Sale Commitments   (14,817,931)   —    (14,817,931)   — 
Total Other Financial Instruments - Liabilities  $(14,967,277)  $(142,926)  $(14,824,351)  $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Low Duration Fixed Income Fund                    
Investments, at value                    
Corporate Bonds & Notes:                    
Basic Materials  $1,263,982   $—   $1,263,982   $— 
Communications   15,677,137    —    15,395,698    281,439 
Consumer Cyclical   3,223,990    —    3,223,990    — 
Consumer Non-cyclical   23,689,575    —    17,856,875    5,832,700 
Energy   7,716,559    —    7,716,559    — 
Financial   15,999,715    —    15,999,715    — 
Industrial   10,278,873    —    10,278,873    — 
Technology   11,265,568    —    11,265,568    — 
Utilities   2,668,578    —    2,668,578    — 
Collateralized Mortgage Obligations   36,715,226    —    36,715,226    — 
U.S. Government Agencies & Obligations   23,627,024    —    23,627,024    — 
Collateralized Loan Obligations   16,959,080    —    16,959,080    — 
Asset-Backed Securities   12,698,663    —    12,698,663    — 
Senior Loans   10,111,658    —    10,111,658    — 
Mortgage-Backed Securities   4,006,065    —    4,006,065    — 
Sovereign Bonds   657,866    —    657,866    — 
Exchange Traded Fund (ETF)   47,514,625    47,514,625    —    — 
Common Stocks:                    
Communications   —*   —    —    —*
Consumer Non-cyclical   28,434    28,434    —*   —*
Diversified   15,379,334    15,379,334    —    — 
Financial   —*   —    —    —*
Preferred Stock   1,438,490    1,438,490    —    — 
Warrants:                    
Diversified   4,200    4,200    —    —*
Right   2,520    2,520    —    — 
Short-Term Investments:                    
Commercial Papers   11,393,771    —    11,393,771    — 
Corporate Note   1,642,106    —    —    1,642,106 
Time Deposits   14,707,376    —    14,707,376    — 
Money Market Fund   5,886,091    5,886,091    —    — 
Total Investments, at value  $294,556,506   $70,253,694   $216,546,567   $7,756,245 
Other Financial Instruments - Assets                    
Forward Foreign Currency Contracts  $77,871   $—   $77,871   $— 
Total Other Financial Instruments - Assets  $77,871   $—   $77,871   $— 
Other Financial Instruments - Liabilities                    
Forward Foreign Currency Contract  $(18,855)  $—   $(18,855)  $— 
Total Other Financial Instruments - Liabilities  $(18,855)  $—   $(18,855)  $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Global Fixed Income Opportunities Fund              
Investments, at value                    
Corporate Bonds & Notes                    
Argentina  $3,911,692   $—   $3,911,692   $— 
Australia   752,346    —    752,346    — 
Austria   819,991    —    819,991    — 
Bermuda   5,808,868    —    5,808,868    — 
Brazil   2,533,857    —    2,533,857    — 
British Virgin Islands   2,589,624    —    2,589,624    — 
Canada   12,210,484    —    12,210,484    — 
Cayman Islands   14,322,722    —    14,322,722    — 
Chile   12,604,429    —    12,604,429    — 
Colombia   10,294,238    —    10,294,238    — 
France   5,096,857    —    5,096,857    — 
Germany   16,017,504    —    16,017,504    — 
Gibraltar   12,593,758    —    12,593,758    — 
Guatemala   1,102,884    —    1,102,884    — 
India   12,028,347    —    12,028,347    — 
Indonesia   4,698,573    —    4,698,573    — 
Ireland   2,866,602    —    2,866,602    — 
Italy   5,493,534    —    5,493,534    — 
Japan   327,805    —    327,805    — 
Jersey, Channel Islands   3,578,164    —    3,578,164    — 
Kazakhstan   1,141,678    —    1,141,678    — 
Luxembourg   22,981,913    —    22,981,913    — 
Malaysia   397,128    —    397,128    — 
Marshall Islands   1,239,847    —    1,239,847    — 
Mexico   23,252,971    —    23,252,971    — 
Morocco   1,786,659    —    1,786,659    — 
Multinational   3,399,376    —    3,399,376    — 
Netherlands   15,324,350    —    15,324,350    — 
Norway   9,409,198    —    9,409,198    — 
Panama   717,975    —    717,975    — 
Paraguay   2,077,933    —    2,077,933    — 
Peru   12,689,699    —    12,689,699    — 
Portugal   —*   —    —*   — 
Singapore   10,669,054    —    10,669,054    — 
Spain   5,449,309    —    5,449,309    — 
Sweden   19,301,009    —    18,095,696    1,205,313 
Turkey   306,166    —    306,166    — 
United Kingdom   32,811,315    —    32,811,315    — 
United States   214,931,307    —    210,066,757    4,864,550 
Senior Loans:                    
United States   31,783,724    —    19,626,474    12,157,250 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Global Fixed Income Opportunities Fund (continued)      
Investments, at value (continued)                    
Sovereign Bonds  $18,760,612   $—   $18,760,612   $— 
U.S. Government Agency & Obligation   4,958,481    —    4,958,481    — 
Asset-Backed Securities   2,584,363    —    2,584,363    — 
Common Stocks:                    
Australia   92,350    92,350    —    — 
Canada   437,700    437,700    —*   — 
Mexico   1,186,127    1,186,127    —    — 
Sweden   —*   —    —    —*
United Kingdom   2,119,560    2,119,560    —    — 
United States   26,717,031    21,441,053    —*   5,275,978 
Exchange Traded Fund (ETF)   9,413,226    9,413,226    —    — 
Preferred Stocks:                    
United States   7,594,464    7,594,464    —    —*
Convertible Preferred Stock   374,921    374,921    —    — 
Limited Partnership   324,957    324,957    —    — 
Warrants   36,345    —    —    36,345 
Short-Term Investments:                    
Commercial Papers   21,495,111    —    21,495,111    — 
Corporate Note   2,815,588    —    —    2,815,588 
Time Deposits   29,821,792    —    29,821,792    — 
Money Market Fund   21,189,403    21,189,403    —    — 
Total Investments, at value  $689,244,921   $64,173,761   $598,716,136   $26,355,024 
Other Financial Instruments - Assets                    
Forward Foreign Currency Contracts  $638,175   $—   $638,175   $— 
Total Other Financial Instruments - Assets  $638,175   $—   $638,175   $— 
Other Financial Instruments - Liabilities                    
Options Contracts Written  $(214,824)  $(214,824)  $—   $— 
Forward Foreign Currency Contracts   (22,481)   —    (22,481)   — 
Securities Sold Short:                    
Corporate Bond & Notes   (2,912,815)   —    (2,912,815)   — 
Exchange Traded Fund (ETF)   (2,345,855)   (2,345,855)   —    — 
Total Other Financial Instruments - Liabilities  $(5,495,975)  $(2,560,679)  $(2,935,296)  $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Municipal Fixed Income Fund                    
Investments, at value                    
Municipal Bonds  $577,273,940   $—   $577,273,940   $— 
Exchange Traded Fund (ETF)   16,997,558    16,997,558    —    — 
Warrant   23,892    —    —    23,892 
Short-Term Investments:                    
Municipal Bonds   5,047,710    —    5,047,710    — 
Time Deposits   30,122,654    —    30,122,654    — 
Money Market Fund   417,150    417,150    —    — 
Total Investments, at value  $629,882,904   $17,414,708   $612,444,304   $23,892 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Multi Strategy Alternatives Fund                 
Investments, at value                    
Collateralized Mortgage Obligations  $113,341,666   $—   $113,341,666   $— 
Asset-Backed Securities   50,395,503    —    50,395,503    — 
Collateralized Loan Obligations   5,677,130    —    5,677,130    — 
Exchange Traded Funds (ETFs)   177,461,565    177,461,565    —    — 
Open-End Fund   115,766,623    115,766,623    —    — 
Warrants   —*   —    —    —*
Short-Term Investments:                    
Time Deposits   77,909,180    —    77,909,180    — 
Total Investments, at value  $540,551,667   $293,228,188   $247,323,479   $— 
Other Financial Instruments - Assets                    
OTC Credit Default Swaps  $2,148,270   $—   $2,148,270   $— 
Total Other Financial Instruments - Assets  $2,148,270   $—   $2,148,270   $— 
Other Financial Instruments - Liabilities                    
OTC Credit Default Swaps  $(922,987)  $—   $(922,987)  $— 
Total Other Financial Instruments - Liabilities  $(922,987)  $—   $(922,987)  $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Shelter Fund
Investments, at value            
Common Stocks  $92,970,792   $92,970,792   $—   $— 
Purchased Options   549,140    549,140    —    — 
Short-Term Investments:                    
Time Deposits   433,552    —    433,552    — 
Total Investments, at value  $93,953,484   $93,519,932   $433,552   $— 
Other Financial Instruments - Liabilities                    
Options Contracts Written  $(2,288,380)  $(2,288,380)  $—   $— 
Total Other Financial Instruments - Liabilities  $(2,288,380)  $(2,288,380)  $—   $— 
 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

  

Total Fair Value at

May 31, 2026

 

Unadjusted Quoted

Prices

in Active Markets

for Identical
Investments

(Level 1)

 

Significant

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

Destinations Real Assets Fund                    
Investments, at value                    
Common Stocks:                    
Australia  $15,247,517   $—   $15,247,517   $— 
Belgium   1,429,873    —    1,429,873    — 
Canada   33,386,195    33,386,195    —    — 
China   1,087,104    —    1,087,104    — 
France   7,757,112    —    7,757,112    — 
Germany   3,422,995    —    3,422,995    — 
Greece   1,166,292    —    1,166,292    — 
Hong Kong   7,017,192    —    7,017,192    — 
Ireland   3,118,351    1,658,032    353,707    1,106,612 
Italy   5,537,190    —    5,537,190    — 
Japan   9,152,137    —    9,152,137    — 
Luxembourg   1,587,684    1,587,684    —    — 
Mexico   4,379,542    4,379,542    —    — 
Netherlands   3,026,910    900,646    2,126,264    — 
New Zealand   3,872,157    —    3,872,157    — 
Norway   822,483    —    822,483    — 
Philippines   455,758    —    455,758    — 
Singapore   3,898,280    —    3,898,280    — 
South Africa   1,114,061    293,385    820,676    — 
Spain   13,691,617    —    13,691,617    — 
Sweden   1,385,105    —    1,385,105    — 
Switzerland   2,260,107    —    2,260,107    — 
Thailand   1,238,116    —    1,238,116    — 
United Kingdom   25,261,212    2,637,869    22,623,343    — 
United States   195,507,841    195,507,841    —    — 
Exchange Traded Funds (ETFs)   43,795,921    43,795,921    —    — 
Limited Partnership   494,394    494,394    —    — 
Closed-End Fund   169,996    —    169,996    — 
Short-Term Investments:                    
Time Deposits   6,564,113    —    6,564,113    — 
Money Market Fund   8,734,935    8,734,935    —    — 
Total Investments, at value  $406,582,190   $293,376,444   $112,099,134   $1,106,612 

 

* Includes securities that are fair valued at $0.

 

Notes to Financial Statements

May 31, 2026 (unaudited)(continued)

 

2. Investment valuation (continued)

 

The following table summarizes the valuation technique used and unobservable input approved by the Valuation Committee to determine the fair value of certain, material Level 3 investments.

 

  

Fair Value at

May 31, 2026

 

Valuation Technique

  Unobservable Input  Range 

Weighted

Average

Destinations Low Duration Fixed Income Fund                     
Corporate Bond  $5,832,700   Asset-Based Valuation  Discounted Price Share 15%   85.00    85.00 
Corporate Bond  $1,923,545   Market Comparables  Enterprise Value/EBITA Multiples   4.50X   4.50X
Total  $7,756,245                 
Destinations Global Fixed Income Opportunities Fund             
Senior Loans  $7,247,020   Prior Transaction Analysis  Transaction Price   6.20 - 100    98.68 
Senior Loans  $4,910,230   Market Comparables  Enterprise Value/EBITA Multiples   7.00X   7.00X
Common Stock  $5,312,323   Prior Transaction Analysis  Transaction Price   1.15 - 53,000    30,162.00 
Corporate Bond  $722,751   Prior Transaction Analysis  Transaction Price   25 - 93    82.46 
Corporate Bond  $4,864,550   Asset-Based Valuation  Discounted Price Share 15%   85.00    85.00 
Corporate Bond  $3,298,150   Market Comparables  Enterprise Value/EBITA Multiples   4.50X   4.50X
Total  $26,355,024                 

 

The level classification by major category of investments is the same as the category presentation in the Schedules of Investments.

 

The following is a reconciliation of assets for which significant unobservable inputs (Level 3) were used in determining fair value during the period February 28, 2026 through May 31, 2026:

 

   Total 

Corporate Bonds &

Notes

 

Senior

Loans

  Common Stocks  Warrants 

Short

Terms

Destinations Low Duration Fixed Income Fund                              
Balance as of February 28, 2026  $12,369,324   $7,056,253   $2,836,984   $833,981*  $—*  $1,642,106 
Purchases   29,845    29,845    —    —    —    — 
(Sales/Paydowns)   (3,845,298)   (35,000)   (2,851,239)   (959,059)   —    — 
Total realized gain (loss)   242,512    —    12,306    230,206    —    — 
    Change in unrealized appreciation  (depreciation)   (928,604)   (937,363)   (1,090)   (105,128)   —    114,977 
Accrued discounts (premiums)   (111,534)   404    3,039    —    —    (114,977)
Transfers In   —    —    —    —    —    — 
Transfers Out    —    —    —    —    —    — 
Balance as of May 31, 2026  $7,756,245   $6,114,139   $—   $—*  $—*  $1,642,106 
Change in unrealized appreciation (depreciation) from
Investments held as of May 31, 2026		  $(822,386)  $(937,363)  $—   $—   $—   $114,977 

 

   Total 

Corporate Bonds &

Notes

 

Senior

Loans

  Common Stocks  Preferred Stocks  Warrants 

 

Short

Terms

Destinations Global Fixed Income Opportunities Fund                                   
Balance as of February 28, 2026  $16,577,749   $6,936,120   $511,614   $5,758,198*  $512,615   $43,614*  $2,815,588 
Purchases   5,083,635    1,293,175    3,284,961    —    —    505,499    — 
(Sales/Paydowns)   (1,426,962)   (29,000)   —    (892,463)   —    (505,499)   — 
Total realized gain (loss)   (683,992)   —    —    (683,992)   —    —    — 
    Change in unrealized appreciation (depreciation)   (1,220,325)   (2,128,004)   136,185    1,094,235    (512,615)   (7,269)   197,143 
Accrued discounts (premiums)   (196,318)   (2,428)   3,253    —    —    —    (197,143)
Transfers In**   8,221,237    —    8,221,237    —    —    —    — 
Transfers Out   —    —    —    —    —    —    — 
Balance as of May 31, 2026  $26,355,024   $6,069,863   $12,157,250   $5,275,978*  $—*  $36,345*  $2,815,588 
Change in unrealized appreciation (depreciation) from
Investments held as of May 31, 2026		  $(1,682,210)  $(2,128,004)  $136,185   $1,094,235   $(512,615)  $(469,154)  $197,143 

 

*    Includes securities that are fair valued at $0.

** Amounts were transferred into Level 3 as the observability of price inputs has decreased during the reporting period.

 

Notes to Financial Statements

May 31, 2026 (unaudited)(concluded)

 

2. Investment valuation (continued)

 

Level 3 investments held during and at the end of the period ended May 31, 2026 in relation to net assets of the Destinations Large Cap Equity Fund, Destinations Small-Mid Cap Equity Fund, Destinations International Equity Fund, Destinations Core Fixed Income Fund, Destinations Municipal Fixed Income Fund and Destinations Real Assets Fund were not significant (0.02%, 0.00%, 0.05%, 0.00%, 0.00% and 0.28% of total net assets, respectively) and accordingly, a reconciliation of Level 3 assets for the period ended May 31, 2026 is not presented.

 

3. Investments

 

At May 31, 2026, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were as follows:

 

  

Aggregate Cost

For Federal Income

 

Gross

Unrealized

 

 

Gross

Unrealized

 

Net Unrealized

Appreciation

Fund  Tax Purposes  Appreciation  (Depreciation)  (Depreciation)
Destinations Large Cap Equity Fund   $2,732,528,227   $965,692,730   $(46,714,197)  $918,978,533 
Destinations Small-Mid Cap Equity Fund   568,224,515    206,133,517    (21,855,437)   184,278,080 
Destinations International Equity Fund   1,426,959,666    743,186,934    (74,060,419)   669,126,515 
Destinations Equity Income Fund   390,284,488    118,733,155    (10,831,388)   107,901,767 
Destinations Core Fixed Income Fund   1,675,314,067    10,300,707    (131,676,258)   (121,375,551)
Destinations Low Duration Fixed Income Fund.   304,286,565    3,622,442    (13,293,485)   (9,671,043)
Destinations Global Fixed Income Opportunities Fund   699,050,506    14,296,667    (28,960,052)   (14,663,385)
Destinations Municipal Fixed Income Fund    626,651,020    11,947,500    (8,715,616)   3,231,884 
Destinations Multi Strategy Alternatives Fund   535,919,963    8,981,642    (3,124,655)   5,856,987 
Destinations Shelter Fund   44,422,608    49,820,873    (2,578,377)   47,242,496 
Destinations Real Assets Fund   355,167,629    59,297,888    (7,883,327)   51,414,561