1
Portfolio of Investments May 31, 2026
Credit Income
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 97.4%
ASSET-BACKED SECURITIES - 12.2%
–
$
1,000,000
(a)
Affirm Asset Securitization Trust 2024-B, Series 2024 B
7.350
%
09/15/29
$
1,004,783
1,000,000
(a)
Affirm Master Trust, Series 2025 1A
7.180
02/15/33
1,007,106
625,000
(b)
AIMCO CLO 18 Ltd, Series 2022 18X, (TSFR3M + 2.850%), Reg
S
7.175
07/20/37
625,879
375,000
(a),(b)
Apidos CLO Lvi, Series 2026 56A, (TSFR3M + 5.300%)
8.982
04/24/39
380,905
375,000
(a),(b)
Ares LXIII CLO Ltd, Series 2022 63A, (TSFR3M + 6.000%)
9.673
10/15/38
356,759
1,000,000
(a)
Avis Budget Rental Car Funding AESOP LLC, Series 2024 2A
7.430
10/20/28
1,012,891
500,000
(a),(b),(c)
Ballyrock CLO 22 Ltd, Series 2024 22AR, (TSFR3M + 5.750%)
0.000
07/15/39
500,500
625,000
(a),(b)
Barings CLO Ltd 2026-I, Series 2026 1A, (TSFR3M + 6.050%)
9.715
04/15/39
631,972
500,000
(a)
Cajun Global LLC, Series 2025 2A
5.912
11/20/55
494,245
1,000,000
(a)
Cajun Global LLC, Series 2025 2A
8.720
11/20/55
978,918
500,000
(a),(b)
Carlyle US CLO 2026-3 Ltd, Series 2026 3A, (TSFR3M +
6.000%)
9.668
04/15/39
502,388
1,000,000
(a)
Centersquare Issuer LLC, Series 2025 1A
5.900
03/26/55
977,111
2,840
(a)
Chase Auto Owner Trust 2025-2, Series 2025 2A
0.000
02/25/33
413,109
500,000
(a),(b)
CIFC Funding 2020-III Ltd, Series 2020 3A, (TSFR3M + 4.800%)
8.475
10/20/38
499,204
675,000
(a),(b)
CIFC Funding 2022-II Ltd, Series 2022 2A, (TSFR3M + 4.750%)
8.425
04/19/35
659,972
500,000
(a),(b)
CIFC Funding Ltd, Series 2025 7A, (TSFR3M + 4.750%)
8.414
01/22/39
504,026
1,000,000
(a)
Consolidated Communications LLC/Fidium Fiber Finance
Holdco LLC, Series 2025 1A
9.408
05/20/55
1,045,883
1,000,000
(a)
DataBank Issuer, Series 2026 1A
6.493
02/25/56
997,925
462,316
(a)
Elara Hgv Timeshare Issuer 2025-A LLC, Series 2025 A
6.910
01/25/40
459,647
1,000,000
(a)
Flexential Issuer LLC, Series 2025 1A
6.030
10/25/60
997,351
250,000
(a),(b)
Galaxy 32 CLO Ltd, Series 2023 32A, (TSFR3M + 5.850%)
9.525
01/20/39
251,853
500,000
(a),(b)
Goldentree Loan Management US CLO 11 Ltd, Series 2021
11A, (LIBOR 3 M + 7.762%)
8.563
10/20/34
459,425
500,000
(a),(b)
Goldentree Loan Management US Clo 8 Ltd, Series 2020 8A,
(TSFR3M + 2.900%)
6.568
10/20/34
500,663
1,015,000
(a),(b)
Gracie Point International Funding 2025-1 LLC, Series 2025 1A,
(SOFR30A + 2.750%)
6.399
08/15/28
1,015,715
1,000,000
(a),(b)
Gracie Point International Funding 2025-1 LLC, Series 2025 1A,
(SOFR30A + 4.500%)
8.149
08/15/28
999,180
500,000
(a)
Hertz Vehicle Financing III LLC, Series 2025 6A
8.300
05/25/32
499,353
395,291
(a)
Hin Timeshare Trust, Series 2025 B
7.580
05/15/45
397,693
592,937
(a)
Hin Timeshare Trust, Series 2025 B
9.410
05/15/45
589,375
750,000
(a)
Hotwire Funding LLC, Series 2024 1A
9.188
06/20/54
775,643
500,000
(a),(b)
Invesco US CLO 2024-3 Ltd, Series 2024 3A, (TSFR3M +
6.500%)
10.168
07/20/37
491,696
1,250,000
(a)
Kinetic ABS Issuer LLC, Series 2026 1A
7.653
02/25/56
1,271,787
1,000,000
(a)
Lmdv Issuer Co LLC, Series 2025 1A
7.880
12/15/55
1,004,905
900,000
(a)
Lmrk Issuer Co 2 LLC, Series 2025 1A
8.120
09/15/55
905,295
1,000,000
(a)
Lmrk Issuer Co 2 LLC, Series 2025 1A
6.200
09/15/55
993,730
335,000
(a),(b)
Magnetite LV Ltd, Series 2026 55A, (TSFR3M + 5.000%)
8.680
04/15/39
337,740
1,000,000
(a)
MetroNet Infrastructure Issuer LLC, Series 2025 4A
7.112
12/20/55
1,002,541
500,000
(a)
MetroNet Infrastructure Issuer LLC, Series 2025 2A
7.830
08/20/55
510,091
1,000,000
(a)
MetroNet Infrastructure Issuer LLC, Series 2026 1A
7.100
04/20/56
997,778
1,525,000
(a),(d)
Mosaic Solar Loan Trust 2019-2, Series 2019 2A
0.000
09/20/40
380,182
375,000
(a),(b)
Neuberger Berman CLO XXII Ltd, Series 2016 22A, (TSFR3M +
6.250%)
9.930
04/17/40
385,148
1,000,000
(a),(b)
Neuberger Berman Loan Advisers CLO 34 Ltd, Series 2019
34A, (TSFR3M + 5.000%)
8.675
07/20/39
993,512
1,000,000
(a),(b)
Neuberger Berman Loan Advisers CLO 40 Ltd, Series 2021
40A, (TSFR3M + 2.800%)
6.480
10/16/37
1,001,446
650,000
(a),(b)
Neuberger Berman Loan Advisers CLO 40 Ltd, Series 2021
40A, (TSFR3M + 5.150%)
8.830
10/16/37
645,561
500,000
(a),(b)
Neuberger Berman Loan Advisers CLO 47 Ltd, Series 2022
47A, (TSFR3M + 2.800%)
7.005
04/16/35
497,279
1,000,000
(a),(b)
Neuberger Berman Loan Advisers CLO 48 Ltd, Series 2022
48A, (TSFR3M + 2.700%)
7.018
04/25/36
989,634
525,000
(a)
NMEF Funding 2026-A LLC, Series 2026 A
6.730
02/15/34
520,025
250,000
(a),(b)
OCP CLO 2024-31 Ltd, Series 2026 31A, (TSFR3M + 4.950%)
8.618
04/20/39
250,051
Portfolio of Investments May 31, 2026
(continued)
Credit Income
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ASSET-BACKED SECURITIES
(continued)
$
500,000
(b)
OHA Credit Funding 10-R Ltd, Series 2021 10RX, (TSFR3M +
4.850%), Reg S
8.518
07/18/38
$
494,221
1,000,000
(a),(b)
OHA Loan Funding 2013-1 Ltd, Series 2013 1A, (TSFR3M +
3.300%)
6.966
04/23/37
1,003,777
3,000,000
(a)
OHS Issuer LLC, Series 2026 1
8.350
02/25/61
2,940,757
997,500
(a)
OHS Issuer LLC, Series 2026 1
5.980
02/25/61
979,285
500,000
(a)
Oportun Issuance Trust 2024-2, Series 2024 2
10.470
02/09/32
508,772
1,000,000
(a)
Oportun Issuance Trust 2025-B, Series 2025 B
9.400
05/09/33
1,006,955
1,000,000
(a)
QTS Issuer ABS II LLC, Series 2026 1A
6.729
01/05/56
980,411
1,000,000
(a),(b)
REESE PARK CLO LTD, Series 2020 1A, (TSFR3M + 6.000%)
9.673
01/15/38
898,874
490,265
(a)
Sierra Timeshare 2025-1 Receivables Funding LLC, Series 2025
1A
6.860
01/21/42
489,325
750,000
(a),(b)
Thayer Park CLO Ltd, Series 2017 1A, (TSFR3M + 9.132%)
1.000
04/20/34
571,486
2,500,000
(a)
TSC SPV Funding LLC, Series 2026 1A
8.905
05/20/56
2,498,525
1,000,000
(a)
Uniti Fiber Abs Issuer LLC, Series 2025 1A
9.018
04/20/55
1,039,503
1,000,000
(a)
VB-S1 Issuer LLC, Series 2026 1A
6.843
03/15/56
1,003,192
1,000,000
(a)
Zayo Issuer LLC, Series 2025 1A
8.659
03/20/55
1,033,899
TOTAL ASSET-BACKED SECURITIES
(Cost $48,997,452)
48,166,857
SHARES
DESCRIPTION
VALUE
83578
COMMON STOCKS - 0.0%
83578
TELECOMMUNICATION SERVICES - 0.0%
4,163
(e)
Altice France Lux 3
83,489
TOTAL TELECOMMUNICATION SERVICES
83,489
TRANSPORTATION - 0.0%
8,907
(d),(e)
Jack Cooper Enterprises Inc
89
TOTAL TRANSPORTATION
89
TOTAL COMMON STOCKS
(Cost $70,505)
83,578
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
294,375
CONVERTIBLE BONDS - 0.1%
294,375
MEDIA & ENTERTAINMENT - 0.1%
75,000
EchoStar Corp
3.875
11/30/30
294,375
TOTAL MEDIA & ENTERTAINMENT
294,375
TOTAL CONVERTIBLE BONDS
(Cost $266,639)
294,375
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
228348433
CORPORATE BONDS - 58.0% (f)
228348433
AUTOMOBILES & COMPONENTS - 1.6%
500,000
(a)
Clarios Global LP / Clarios US Finance Co
6.750
02/15/30
516,875
270,000
(a)
Cyprium Corp / Cyprium Holdings Luxembourg Sarl
6
.125
04/15/31
270,093
1,950,000
(a)
Dealer Tire LLC / DT Issuer LLC
8.000
02/01/28
1,926,792
851,900
(a),(g)
Dexko Global Inc
7.500
04/15/32
736,714
575,000
(g),(h),(i)
General Motors Financial Co Inc
5.750
N/A
569,531
350,000
(g)
Goodyear Tire & Rubber Co/The
5.250
04/30/31
312,570
525,000
(a)
IHO Verwaltungs GmbH, (cash 6.375%, PIK 7.125%)
6.375
05/15/29
526,344
430,000
(a)
IHO Verwaltungs GmbH
8.000
11/15/32
448,804
625,000
(a)
Phinia Inc
6.625
10/15/32
641,281
200,000
ZF North America Capital Inc
6.875
04/23/32
196,712
300,000
(a)
ZF North America Capital Inc
7.500
03/24/31
303,002
TOTAL AUTOMOBILES & COMPONENTS
6,448,718
BANKS - 2.8%
375,000
(a),(h),(j)
Akbank TAS
0
.000
N/A
360,857
400,000
(h),(j)
Banco Bilbao Vizcaya Argentaria SA
9.375
N/A
437,234
400,000
(a)
Banco do Brasil SA/Cayman
6.000
03/18/31
404,903
200,000
(a)
Banco do Brasil SA/Cayman
5.625
10/23/31
198,900
500,000
(a),(h),(j)
Banco Mercantil del Norte SA/Grand Cayman
6.625
N/A
482,435
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
BANKS
(continued)
$
825,000
(a),(j)
Banco Nacional de Mexico SA
6.697
08/07/36
$
823,268
600,000
(a),(j)
Bank Hapoalim BM, Reg S
3.255
01/21/32
594,685
500,000
(h),(j)
Barclays PLC
8.000
N/A
524,751
2,000,000
(a),(h),(j)
BNP Paribas SA
0.000
N/A
2,002,684
1,000,000
(i)
Canadian Imperial Bank of Commerce
6.950
01/28/85
1,016,753
1,000,000
(a),(h),(j)
Credit Agricole SA
7.125
N/A
1,031,458
750,000
(h),(j)
Lloyds Banking Group PLC
6.750
N/A
767,100
700,000
(a),(h),(i)
NBK Tier 1 Ltd
6.375
N/A
702,262
1,500,000
(a),(g),(h),(j)
Societe Generale SA
7.125
N/A
1,489,372
200,000
(a)
Yapi ve Kredi Bankasi AS
7.250
03/03/30
201,687
TOTAL BANKS
11,038,349
CAPITAL GOODS - 3.0%
1,260,000
(a)
Albion Financing 1 SARL / Aggreko Holdings Inc
7.000
05/21/30
1,300,887
805,000
(a),(g)
Alta Equipment Group Inc
9.000
06/01/29
768,554
400,000
(a)
Builders FirstSource Inc
6.375
03/01/34
399,659
900,000
(a),(g)
Camelot Return Merger Sub Inc
8.750
08/01/28
548,536
1,050,000
(a)
Columbus McKinnon Corp/NY
7.125
01/31/33
1,064,070
109,334
(a)
CP Atlas Buyer Inc, (cash 7.000%, PIK 5.750%)
12.750
01/15/31
82,083
715,000
(a)
Esab Corp
5.625
04/01/31
718,542
590,000
(a)
Goat Holdco LLC
6.750
02/01/32
600,398
500,000
(a),(g)
IHS Holding Ltd
8.250
11/29/31
522,238
490,000
(a)
Lsf12 Helix Parent LLC
7.125
02/01/33
480,157
260,000
(a)
Masterbrand Inc
7.000
07/15/32
259,517
680,000
(a)
New Flyer Holdings Inc
9.250
07/01/30
729,686
400,000
(a)
Quikrete Holdings Inc
6.375
03/01/32
407,306
310,000
(a)
Standard Building Solutions Inc
6.250
08/01/33
310,469
400,000
(a)
Terex Corp
6.250
10/15/32
406,128
300,000
(a)
TransDigm Inc
6.875
12/15/30
309,246
300,000
(a)
TransDigm Inc
7.125
12/01/31
311,574
500,000
(a)
TransDigm Inc
6
.000
01/15/33
505,716
450,000
(a)
TransDigm Inc
6.375
05/31/33
454,321
675,000
(a)
TransDigm Inc
6.125
07/31/34
672,209
1,000,000
(a)
United Rentals North America Inc
5.375
11/15/33
987,493
TOTAL CAPITAL GOODS
11,838,789
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
635,000
(a)
Allied Universal Holdco LLC
7.875
02/15/31
663,893
600,000
(a)
Bidvest Group UK PLC/The
6.200
09/17/32
603,269
415,000
(a)
CACI International Inc
6.375
06/15/33
424,429
750,000
(a)
Garda World Security Corp
8.375
11/15/32
777,080
940,000
(a)
GFL Environmental Holdings US Inc
5.500
02/01/34
918,083
655,000
(a)
Neptune Bidco US Inc
9.290
04/15/29
669,609
1,020,000
(a)
RR Donnelley & Sons Co
9.500
08/01/29
1,057,766
TOTAL COMMERCIAL & PROFESSIONAL SERVICES
5,114,129
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 1.1%
300,000
(a)
Asbury Automotive Group Inc
5.000
02/15/32
286,396
900,000
(a)
Cougar JV Subsidiary LLC
8.000
05/15/32
942,645
350,000
(a)
Kohl's Corp
10.000
06/01/30
380,580
135,000
(a)
LBM Acquisition LLC
6.250
01/15/29
83,164
130,000
(a)
Michaels Cos Inc/The
11.000
03/15/34
122,913
345,000
(a)
Michaels Cos Inc/The
8.500
03/15/33
336,821
525,000
(a)
Park River Holdings Inc
8.000
03/15/31
531,586
200,000
(a)
Park River Holdings Inc
8.750
12/31/30
193,745
625,000
(a)
PetSmart Inc / PetSmart Finance Corp
10.000
09/15/33
630,833
725,000
(a)
QXO Building Products Inc
6.750
04/30/32
738,742
260,000
(a)
Staples Inc
10.750
09/01/29
247,359
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
4,494,784
CONSUMER DURABLES & APPAREL - 0.8%
948,643
(a)
Beach Acquisition Bidco LLC, (cash 10.00%, PIK 10.750%)
10.000
07/15/33
1,049,052
580,000
(a)
CD&R Smokey Buyer Inc / Radio Systems Corp
9.500
10/15/29
348,117
525,000
(a)
K Hovnanian Enterprises Inc
8.375
10/01/33
530,029
130,000
(a)
MajorDrive Holdings IV LLC
6.375
06/01/29
110,207
Portfolio of Investments May 31, 2026
(continued)
Credit Income
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONSUMER DURABLES & APPAREL
(continued)
$
180,000
Newell Brands Inc
7.500
04/01/46
$
156,918
400,000
(a)
Newell Brands Inc
8.500
06/01/28
417,659
430,000
(a)
S&S Holdings LLC
8.375
10/01/31
412,417
310,000
Whirlpool Corp
4.750
02/26/29
292,907
TOTAL CONSUMER DURABLES & APPAREL
3,317,306
CONSUMER SERVICES - 2.6%
600,000
(a)
Caesars Entertainment Inc
7.000
02/15/30
607,112
425,000
(a)
Caesars Entertainment Inc
6.000
10/15/32
380,529
400,000
(a)
Carnival Corp Ltd
6.125
02/15/33
405,115
935,000
(a)
Carnival Corp Ltd
5.750
08/01/32
944,520
500,000
(a)
Churchill Downs Inc
5.750
04/01/30
500,027
200,000
Fortune Star BVI Ltd, Reg S
8.500
05/19/28
205,241
600,000
Fortune Star BVI Ltd, Reg S
6.800
09/09/29
592,287
400,000
(a)
Life Time Inc
6.000
11/15/31
405,794
200,000
(a)
Merlin Entertainments Group US Holdings Inc
7.375
02/15/31
168,015
300,000
MGM Resorts International
6.125
09/15/29
304,443
700,000
(a),(g)
Motion Bondco DAC
6.625
11/15/27
671,198
400,000
(a)
NCL Corp Ltd
6.250
09/15/33
383,505
450,000
(a)
NCL Corp Ltd
6.750
02/01/32
445,928
165,000
(a)
Pioneer Opco LLC
7.000
05/15/33
168,564
765,000
Six Flags Entertainment Corp / Canada's Wonderland Co /
Magnum Management Corp
6.500
10/01/28
767,574
920,000
(a)
Sotheby's
8.250
04/15/31
905,701
525,000
(a),(b)
Travel + Leisure Co
6.125
09/01/33
515,983
500,000
(a),(b)
Viking Ocean Cruises Ship VII Ltd
5.625
02/15/29
500,105
473,000
(a)
Voyager Parent LLC
9.250
07/01/32
501,598
300,000
(a)
Wynn Macau Ltd
5.625
08/26/28
299,088
535,000
(a)
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp
6.250
03/15/33
536,898
TOTAL CONSUMER SERVICES
10,209,225
ENERGY - 7.2%
565,000
(a)
Antero Midstream Partners LP / Antero Midstream Finance
Corp
5.750
10/15/33
559,064
595,000
(a)
ARCHROCK SERVICES/PARTNE
6.000
02/01/34
595,228
600,000
(a)
Ascent Resources Utica Holdings LLC / ARU Finance Corp
6.625
07/15/33
614,824
500,000
(a)
Azule Energy Finance Plc
8.625
01/22/33
512,808
500,000
(a)
Azule Energy Finance Plc
8.125
01/23/30
510,624
464,636
(a)
Borr IHC Ltd / Borr Finance LLC
10.000
11/15/28
487,901
245,000
(a),(c)
Borr IHC Ltd / Borr Finance LLC
8.750
01/15/32
246,703
830,000
(a)
Bristow Group Inc
6.750
02/01/33
837,704
300,000
Buckeye Partners LP
5.850
11/15/43
273,088
455,000
(a)
California Resources Corp
7.000
01/15/34
458,672
1,000,000
(a)
CNX Resources Corp
7.250
03/01/32
1,033,541
670,000
(a)
CQP Holdco LP / BIP-V Chinook Holdco LLC
5.500
06/15/31
659,664
162,000
(a)
CVR Energy Inc
5
.750
02/15/28
161,509
805,000
(a)
Delek Logistics Partners LP / Delek Logistics Finance Corp
7.375
06/30/33
831,192
600,000
(h),(i)
Energy Transfer LP
7.125
N/A
619,417
1,150,000
(a)
Global Partners LP / GLP Finance Corp
8.250
01/15/32
1,206,879
698,000
(a)
Gran Tierra Energy Inc
9.750
04/15/31
662,664
290,000
(a)
Harvest Midstream I LP
7.500
05/15/32
301,320
330,000
(a)
Harvest Midstream I LP
6.750
05/15/34
338,801
300,000
(a)
Indika Energy Tbk PT
8
.750
05/07/29
303,758
255,000
(a)
Infinity Natural Resources LLC
7.625
04/01/31
257,588
800,000
(a)
ITT Holdings LLC
6.500
08/01/29
795,049
665,000
(a)
Kodiak Gas Services LLC
6.500
10/01/33
676,763
355,000
(a)
Kodiak Gas Services LLC
5.875
04/01/31
357,163
310,000
(a)
Matador Resources Co
6.250
04/15/33
311,712
270,000
(a)
Matador Resources Co
6.000
04/15/34
266,778
600,000
(a)
Moss Creek Resources Holdings Inc
8.250
09/01/31
610,451
795,000
(a)
Noble Finance II LLC
8.000
04/15/30
826,674
600,000
(a)
Raizen Fuels Finance SA
6.700
02/25/37
342,750
300,000
(a)
Rockies Express Pipeline LLC
4.800
05/15/30
293,949
245,000
(a)
Rockies Express Pipeline LLC
6.750
03/15/33
254,752
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ENERGY
(continued)
$
500,000
(a)
SM Energy Co
8.750
07/01/31
$
523,416
430,000
(a)
Solaris Energy Infrastructure LLC
6.375
05/15/31
436,729
1,010,000
(i)
South Bow Canadian Infrastructure Holdings Ltd
7.625
03/01/55
1,055,496
750,000
(a)
Sunoco LP
6.250
07/01/33
762,698
1,070,000
(a),(h),(i)
Sunoco LP
7.875
N/A
1,117,494
685,000
(a)
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp
6.000
09/01/31
685,131
200,000
(a)
TransMontaigne Partners LLC
8.500
06/15/30
206,344
227,692
(a)
Transocean Aquila Ltd
8.000
09/30/28
233,100
230,000
(a)
Transocean International Ltd
7.875
10/15/32
245,392
600,000
(a)
Transportadora de Gas del Sur SA
7.750
11/20/35
615,378
600,000
(a)
Venture Global Calcasieu Pass LLC
3.875
11/01/33
534,851
90,000
(a)
Venture Global Calcasieu Pass LLC
6.000
05/01/36
91,012
500,000
(a)
Venture Global LNG Inc
8.375
06/01/31
520,295
500,000
(a)
Venture Global LNG Inc
9.875
02/01/32
534,608
800,000
(a),(h),(i)
Venture Global LNG Inc
9.000
N/A
790,038
410,000
(a)
Venture Global Plaquemines LNG LLC
6.500
01/15/34
428,657
1,000,000
(a)
Venture Global Plaquemines LNG LLC
6.750
01/15/36
1,060,626
400,000
(a)
Venture Global Plaquemines LNG LLC
6.500
06/15/34
417,447
270,000
(a)
Venture Global Plaquemines LNG LLC
6.125
12/15/30
277,333
600,000
(a)
Vista Energy Argentina SAU
7.875
04/08/38
616,200
370,000
(a)
Weatherford International Ltd
6
.750
10/15/33
380,732
200,000
(a)
YPF SA
8.750
09/11/31
211,607
500,000
(a)
YPF SA
8.250
01/17/34
519,649
TOTAL ENERGY
28,473,223
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 2.2%
895,000
(a)
Diversified Healthcare Trust
7.250
10/15/30
919,070
1,805,000
(a)
Iron Mountain Inc
6.250
01/15/33
1,833,052
695,000
(a)
Millrose Properties Inc
6.375
08/01/30
704,569
850,000
(a)
Millrose Properties Inc
6.250
09/15/32
853,837
1,078,000
(g)
MPT Operating Partnership LP / MPT Finance Corp
5.000
10/15/27
1,052,428
400,000
MPT Operating Partnership LP / MPT Finance Corp
3.500
03/15/31
286,584
720,000
(a)
MPT Operating Partnership LP / MPT Finance Corp
8.500
02/15/32
749,663
600,000
(a),(k)
Office Properties Income Trust
9.000
03/31/29
603,000
300,000
(a)
RHP Hotel Properties LP / RHP Finance Corp
6.500
04/01/32
307,608
180,000
(a)
RHP Hotel Properties LP / RHP Finance Corp
6.500
06/15/33
185,151
315,000
(a)
RHP Hotel Properties LP / RHP Finance Corp
5.750
03/15/34
312,505
905,000
(a)
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital
LLC
6.500
02/15/29
894,002
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
8,701,469
FINANCIAL SERVICES - 6.0%
350,000
(i)
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
6.950
03/10/55
362,786
938,000
(h),(i)
Ally Financial Inc
7.100
N/A
944,309
600,000
(a)
Azorra Finance Ltd
7.750
04/15/30
623,539
570,000
(a)
Azorra Finance Ltd
7.250
01/15/31
582,485
200,000
(a)
Banco BTG Pactual SA/Cayman Islands
5.500
01/27/31
198,400
750,000
(a)
Block Inc
6.000
08/15/33
750,188
1,200,000
(a),(g)
Burford Capital Global Finance LLC
6
.250
04/15/28
1,171,938
295,000
(a),(g)
Burford Capital Global Finance LLC
8.500
01/15/34
256,436
512,842
(a)
Compass Group Diversified Holdings LLC
5.250
04/15/29
490,821
EUR
600,000
(h),(j)
Deutsche Bank AG, Reg S
7.125
N/A
738,772
600,000
(h),(j)
Deutsche Bank AG, Reg S
8.130
N/A
636,689
2,500,000
(a)
Encore Capital Group Inc
6.625
06/01/32
2,499,437
100,000
(a)
Freedom Mortgage Holdings LLC
9.250
02/01/29
104,162
520,000
(a)
Freedom Mortgage Holdings LLC
8.375
04/01/32
528,007
1,071,000
(i)
HA Sustainable Infrastructure Capital Inc
8.000
06/01/56
1,143,356
1,676,000
(i)
HA Sustainable Infrastructure Capital Inc
7.125
11/15/56
1,693,725
75,000
(a)
HAT Holdings I LLC / HAT Holdings II LLC
3.375
06/15/26
74,953
640,000
(a)
Hunt Cos Inc
5.250
04/15/29
629,177
450,000
(a)
Icahn Enterprises LP / Icahn Enterprises Finance Corp
10.000
11/15/29
450,483
100,000
Icahn Enterprises LP / Icahn Enterprises Finance Corp
9.000
06/15/30
95,140
500,000
Icahn Enterprises LP / Icahn Enterprises Finance Corp
9.750
01/15/29
496,228
200,000
Icahn Enterprises LP / Icahn Enterprises Finance Corp
4.375
02/01/29
173,168
Portfolio of Investments May 31, 2026
(continued)
Credit Income
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FINANCIAL SERVICES
(continued)
1,380,000
Icahn Enterprises LP / Icahn Enterprises Finance Corp
5.250
%
05/15/27
$
1,365,043
500,000
(a)
Ittihad International II Ltd
7.375
11/13/30
506,153
865,000
(a)
Jane Street Group / JSG Finance Inc
6.125
11/01/32
867,169
640,000
OneMain Finance Corp
5.375
11/15/29
624,427
350,000
(a)
Osaic Holdings Inc
6.750
08/01/32
353,256
505,000
(a)
PennyMac Financial Services Inc
6.875
05/15/32
494,437
400,000
(a)
Rocket Cos Inc
6.375
08/01/33
406,200
300,000
(a)
Sammaan Capital Ltd
8.950
08/28/28
312,300
315,000
(a)
Starwood Property Trust Inc
6.000
04/15/30
317,725
430,000
(a)
Starwood Property Trust Inc
6.500
10/15/30
440,672
1,690,000
(a)
Stonex Escrow Issuer LLC
6.875
07/15/32
1,743,708
1,000,000
(a),(h),(j)
UBS Group AG
9.250
N/A
1,154,548
385,000
(a)
WEX Inc
6.500
03/15/33
383,385
TOTAL FINANCIAL SERVICES
23,613,222
FOOD, BEVERAGE & TOBACCO - 1.3%
615,000
(a)
Arcor SAIC
7.600
07/31/33
636,660
520,000
(a)
Chobani LLC / Chobani Finance Corp Inc
6.375
04/15/34
528,611
460,000
(a)
Fiesta Purchaser Inc
7.875
03/01/31
462,548
520,000
(a),(g)
Fiesta Purchaser Inc
9.625
09/15/32
522,250
500,000
(a),(h),(i)
Grupo Nutresa SA
7.875
N/A
492,500
400,000
(a)
MARB BondCo PLC
3.950
01/29/31
356,855
300,000
(a)
Minerva Luxembourg SA
8.875
09/13/33
314,987
600,000
(a)
Minerva Luxembourg SA
7.500
04/22/36
576,300
600,000
(a)
Post Holdings Inc
6.375
03/01/33
598,271
600,000
(a)
Viking Baked Goods Acquisition Corp
8.625
11/01/31
613,193
TOTAL FOOD, BEVERAGE & TOBACCO
5,102,175
HEALTH CARE EQUIPMENT & SERVICES - 2.4%
650,000
Centene Corp
2.500
03/01/31
566,247
478,000
(a)
CHS/Community Health Systems Inc
10.875
01/15/32
515,041
450,000
(a)
DaVita Inc
4.625
06/01/30
437,258
800,000
(i)
DENTSPLY SIRONA Inc
8.375
09/12/55
806,402
260,000
(a)
Embecta Corp
5.000
02/15/30
201,091
995,000
(a)
Global Medical Response Inc
7.375
10/01/32
1,033,835
1,015,000
(a)
LifePoint Health Inc
7.000
05/01/34
991,104
500,000
(a)
Molina Healthcare Inc
3.875
11/15/30
462,754
290,000
(a)
Molina Healthcare Inc
6.500
02/15/31
294,072
500,000
(a)
National Mentor Holdings Inc
10.500
12/15/30
526,339
595,000
(a)
Prime Healthcare Services Inc
9.375
09/01/29
622,374
1,200,000
(a)
Rede D'or Finance Sarl
6.550
04/28/36
1,169,196
600,000
(a)
Star Parent Inc
9.000
10/01/30
629,888
615,000
(a)
Team Health Holdings Inc
8.375
06/30/28
617,079
225,000
(a)
Tenet Healthcare Corp
6.000
11/15/33
227,196
200,000
(a)
US Acute Care Solutions LLC
9.750
05/15/29
191,602
TOTAL HEALTH CARE EQUIPMENT & SERVICES
9,291,478
INSURANCE - 3.3%
610,000
(a)
Acrisure LLC / Acrisure Finance Inc
6.750
07/01/32
589,045
800,000
(a)
Acrisure LLC / Acrisure Finance Inc
7.500
11/06/30
799,014
850,000
(a)
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer
6.500
10/01/31
851,986
300,000
(a)
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer
6.750
04/15/28
302,706
1,615,000
(a)
APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC /
APH3 Somerset Inves
7.875
11/01/29
1,621,056
1,060,000
(a)
Ardonagh Finco Ltd
7.750
02/15/31
1,069,022
450,000
(a)
Ardonagh Group Finance Ltd
8.875
02/15/32
438,841
250,000
(a),(b)
Armor RE II Ltd (3-Month U.S. Treasury Bill + 5.000%)
3.713
06/07/29
250,175
635,000
(a)
Asurion LLC/ Asurion Co-Issuer Inc
8.000
12/31/32
662,170
600,000
(a)
Asurion LLC/ Asurion Co-Issuer Inc
8.375
02/01/34
586,408
417,000
(a),(b)
Bonanza RE Ltd (3-Month U.S. Treasury Bill + 5.000%)
3.607
01/08/27
365,542
900,000
(a)
CRC Insurance Group LLC
7.125
06/01/31
902,534
500,000
(i)
Enstar Finance LLC
5.500
01/15/42
492,868
485,000
(a),(i)
Enstar Group Ltd
7.500
04/01/45
507,872
450,000
(a)
HUB International Ltd
7.375
01/31/32
460,998
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INSURANCE
(continued)
595,000
(a)
HUB International Ltd
5.625
%
12/01/29
$
586,153
415,000
(a),(b)
Integrity RE III Ltd ( + 2.500%)
6.010
06/07/29
415,415
250,000
(a),(b)
MEADOWS LTD (3-Month U.S. Treasury Bill + 7.500%)
11.362
12/07/29
246,775
500,000
(a),(b)
Residential Reinsurance 2025 Ltd (3-Month U.S. Treasury Bill +
5.750%)
4.783
06/06/29
511,650
450,000
(a),(b)
Residential Reinsurance 2026 Ltd ( + 0.500%)
3.550
06/06/30
449,550
1,000,000
(a),(h),(i)
SBL Holdings Inc
9.508
N/A
962,881
TOTAL INSURANCE
13,072,661
MATERIALS - 4.1%
1,335,000
(a)
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal
Packaging Finance PLC
6.250
01/30/31
1,345,294
590,000
(a)
Ashland Inc
3.375
09/01/31
538,888
725,000
(a)
Bond US Bidco 1 Inc/Bidco 2/Bidco 3/German Bidco 1 GmbH/
German Bidco 2
7.125
06/15/33
730,668
600,000
Celanese US Holdings LLC
7.550
11/15/30
638,207
500,000
(a),(h),(i)
Cemex SAB de CV
5.125
N/A
498,997
200,000
(a),(h),(i)
Cemex SAB de CV
7.200
N/A
205,780
520,000
(a)
Cleveland-Cliffs Inc
6.750
04/15/30
522,582
550,000
(a)
Clydesdale Acquisition Holdings Inc
6.625
04/15/29
543,415
300,000
(a)
Clydesdale Acquisition Holdings Inc
8.750
04/15/30
288,253
400,000
(a)
Commercial Metals Co
5.750
11/15/33
400,301
500,000
(a)
Compass Minerals International Inc
8.000
07/01/30
527,032
330,000
Crown Americas LLC
5.875
06/01/33
331,877
260,000
FMC Corp
3.450
10/01/29
237,646
170,000
(a),(c)
FMC Corp
8.125
06/01/31
177,657
260,000
(a)
Herens Holdco Sarl
4.750
05/15/28
228,147
875,000
(a)
INEOS Finance PLC
6.750
05/15/28
880,398
400,000
(a)
LD Celulose International GmbH
7.950
01/26/32
417,370
500,000
(a),(g)
Limak Cimento Sanayi ve Ticaret AS
9.750
07/25/29
502,511
420,000
(a)
Methanex US Operations Inc
6.250
03/15/32
432,496
370,000
(a)
Mineral Resources Ltd
7.000
04/01/31
384,639
885,000
(a)
Mineral Resources Ltd
6.000
05/01/32
881,520
400,000
(a)
Novelis Corp
6.375
08/15/33
403,899
730,000
(a)
OCP SA
6.700
03/01/36
758,737
250,000
(a),(h),(i)
OCP SA
6.741
N/A
247,594
360,000
(a)
Olin Corp
6.625
04/01/33
357,358
500,000
(a)
Orbia Advance Corp SAB de CV
7.500
05/13/35
509,927
425,000
(a)
Owens-Brockway Glass Container Inc
9.500
06/01/33
436,967
370,000
(a)
Qnity Electronics Inc
6.250
08/15/33
377,298
475,000
(a),(g)
Sasol Financing USA LLC
8.750
04/10/33
502,312
260,000
(a)
Sword Purchaser LLC
8.250
04/15/33
267,757
700,000
UPL Corp Ltd, Reg S
4.625
06/16/30
651,142
500,000
(a)
Volcan Cia Minera SAA
8.500
10/28/32
514,500
400,000
(a)
WR Grace Holdings LLC
5.625
08/15/29
383,087
TOTAL MATERIALS
16,124,256
MEDIA & ENTERTAINMENT - 4.6%
449,715
(a)
Advantage Sales & Marketing Inc
9.000
11/15/30
373,826
750,000
(a)
CCO Holdings LLC / CCO Holdings Capital Corp
4.500
08/15/30
697,994
260,000
(a)
CCO Holdings LLC / CCO Holdings Capital Corp
4.750
02/01/32
231,789
900,000
CCO Holdings LLC / CCO Holdings Capital Corp, Reg S
4.250
02/01/31
814,861
350,000
(a)
Directv Financing LLC
8.875
02/01/30
357,676
660,000
(a)
Directv Financing LLC
8.875
02/01/30
676,719
38,000
(a)
Directv Financing LLC / Directv Financing Co-Obligor Inc
5.875
08/15/27
38,103
1,200,000
(a)
Directv Financing LLC / Directv Financing Co-Obligor Inc
10.000
02/15/31
1,255,554
2,040,000
(a)
Directv Financing LLC / Directv Financing Co-Obligor Inc
9.250
06/01/32
2,094,324
475,000
(c)
Discovery Communications LLC
3.625
05/15/30
449,644
500,000
(c)
Discovery Global Holdings Inc
4.279
03/15/32
441,855
575,000
(c)
Discovery Global Holdings Inc
5.050
03/15/42
417,922
750,000
DISH DBS Corp
5.125
06/01/29
678,792
650,000
(a)
Gray Media Inc
7.250
08/15/33
644,298
500,000
Grupo Televisa SAB
5.250
05/24/49
339,225
310,000
(a)
iHeartCommunications Inc
4.750
01/15/28
295,535
Portfolio of Investments May 31, 2026
(continued)
Credit Income
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MEDIA & ENTERTAINMENT
(continued)
145,000
(a)
LCPR Senior Secured Financing DAC
6.750
%
10/15/27
$
91,628
730,000
(a)
McGraw-Hill Education Inc
7.375
09/01/31
745,446
410,000
(a)
Neptune Bidco US Inc
10.375
05/15/31
428,317
200,000
(a)
Neptune Bidco US Inc
9.500
02/15/33
204,590
1,145,000
(a)
Nexstar Media Inc
6.500
09/15/33
1,154,123
1,515,000
(a)
OAK-Eagle Acquireco Inc
7
.250
07/01/33
1,579,913
425,000
(a)
OAK-Eagle Acquireco Inc
8.750
07/01/34
449,161
420,000
(a)
Outfront Media Capital LLC / Outfront Media Capital Corp
4.250
01/15/29
409,901
240,000
Paramount Global
7.875
07/30/30
251,944
375,000
(g)
Paramount Global
6.875
04/30/36
346,879
500,000
(a)
Scripps Escrow II Inc
3.875
01/15/29
463,307
260,000
(a)
Sirius XM Radio LLC
5.875
04/15/32
258,805
850,000
(a)
Sirius XM Radio LLC
4.125
07/01/30
801,289
325,000
(a)
Univision Communications Inc
9.375
08/01/32
332,799
285,000
(a)
Univision Communications Inc
8.875
04/15/33
283,913
100,000
(a)
Univision Communications Inc
7.375
06/30/30
99,576
260,000
(a),(g)
ZoomInfo Technologies LLC/ZoomInfo Finance Corp
3.875
02/01/29
203,810
TOTAL MEDIA & ENTERTAINMENT
17,913,518
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.6%
1,300,000
(a)
1261229 BC Ltd
10.000
04/15/32
1,330,962
1,130,000
(a)
Bausch Health Americas Inc
8.500
01/31/27
1,121,454
300,000
(a)
Bausch Health Cos Inc
5.250
02/15/31
169,782
300,000
(a)
Bausch Health Cos Inc
4.875
06/01/28
277,404
325,000
(a)
Bausch Health Cos Inc
11.000
09/30/28
339,261
300,000
(a)
Charles River Laboratories International Inc
4.000
03/15/31
280,942
750,000
(a)
Emergent BioSolutions Inc
3.875
08/15/28
681,874
855,000
(a)
GENMAB A/S/GENMAB FINANCE LLC
7.250
12/15/33
890,047
500,000
(a)
Organon & Co / Organon Foreign Debt Co-Issuer BV
7.875
05/15/34
536,669
300,000
(a)
Organon & Co / Organon Foreign Debt Co-Issuer BV
4.125
04/30/28
296,339
550,000
(a)
Organon & Co / Organon Foreign Debt Co-Issuer BV
5.125
04/30/31
545,165
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
6,469,899
REAL ESTATE MANAGEMENT & DEVELOPMENT - 0.6%
1,084,000
(a)
Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp
7.000
04/15/30
1,093,340
600,000
Arabian Centres Sukuk IV Ltd, Reg S
8.875
12/04/30
602,363
535,000
Kennedy-Wilson Inc
5.000
03/01/31
539,283
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT
2,234,986
SOFTWARE & SERVICES - 1.3%
605,000
(a)
Amentum Holdings Inc
7.250
08/01/32
626,256
995,000
(a)
Cloud Software Group Inc
8.250
06/30/32
976,850
600,000
(a)
Cloud Software Group Inc
6.500
03/31/29
595,412
500,000
(a)
CoreWeave Inc
9.250
06/01/30
510,114
300,000
(a),(g)
CoreWeave Inc
9.000
02/01/31
304,176
560,000
(a)
CoreWeave Inc
9.750
10/01/31
577,625
400,000
(a)
Gen Digital Inc
6.250
04/01/33
398,484
250,000
(a)
Open Text Holdings Inc
4.125
12/01/31
218,205
785,000
(a)
Rackspace Finance LLC
3.500
05/15/28
663,267
260,000
(a)
Rocket Software Inc
6.500
02/15/29
243,187
TOTAL SOFTWARE & SERVICES
5,113,576
TELECOMMUNICATION SERVICES - 4.9%
304,878
(a)
Altice France Lux 3 / Altice Holdings 1
9.500
11/01/29
309,949
500,000
(a)
Altice France Lux 3 / Altice Holdings 1
10.000
01/15/33
487,494
1,190,183
(a)
Altice France SA
6.500
04/15/32
1,158,260
240,000
(a)
APLD ComputeCo 2 LLC
6.750
03/15/31
241,904
400,000
(a)
APLD COMPUTECO LLC
9.250
12/15/30
431,775
660,000
(a)
Cipher Compute LLC
7.125
11/15/30
688,018
2,150,000
(a)
Connect Holding II LLC
10.500
04/03/31
2,189,242
530,000
(a)
Core Scientific Finance I LLC
7.750
05/15/31
542,011
480,000
(a)
Level 3 Financing Inc
6.875
06/30/33
494,415
665,000
(a)
Level 3 Financing Inc
7.000
03/31/34
689,264
970,000
(a)
Level 3 Financing Inc
8.500
01/15/36
1,048,726
335,000
(a)
Level 3 Financing Inc
7.500
02/15/37
345,284
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TELECOMMUNICATION SERVICES
(continued)
450,000
(a)
Lumen Technologies Inc
4.500
%
01/15/29
$
433,125
520,000
(a)
Meridian Arc Holdco LLC
6.250
04/30/31
522,674
968,000
(i)
Rogers Communications Inc
7.125
04/15/55
1,003,780
475,000
(a)
SV RNO Property Owner 1 LLC
5.875
03/01/31
469,037
1,216,000
(a)
Telesat Canada / Telesat LLC
5.625
12/06/26
1,039,680
800,000
(a)
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital
LLC
8.625
06/15/32
838,677
320,000
(a)
Uniti Services LLC
7.500
10/15/33
336,768
700,000
(a),(c)
Veon Midco BV
6.950
06/01/31
700,056
700,000
(a)
Virgin Media Secured Finance PLC
4.500
08/15/30
609,120
835,000
(a)
Windstream Services LLC / Windstream Escrow Finance Corp
8.250
10/01/31
880,938
775,000
(a)
WULF COMPUTE LLC
7.750
10/15/30
814,339
1,918,646
(a)
Zayo Group Holdings Inc, (cash 5.750%, PIK 0.500%)
9.250
03/09/30
1,921,044
934,937
(a)
Zayo Group Holdings Inc, (cash 7.125%, PIK 1.875%)
13.750
09/09/30
929,150
TOTAL TELECOMMUNICATION SERVICES
19,124,730
TRANSPORTATION - 1.0%
920,000
(a)
Alaska Airlines Inc
6.500
06/01/31
914,339
500,000
(a)
Corp Quiport SA
9.000
12/15/37
543,669
810,000
(a)
GB AIT Buyer Inc
8.750
04/30/34
810,661
600,000
(a)
Grupo Aeromexico SAB de CV
8.625
11/15/31
610,500
600,000
(a)
Montego Bay Airport Revenue Finance Ltd
6.600
06/15/35
594,948
476,000
(a),(g)
VistaJet Malta Finance PLC / Vista Management Holding Inc
9.500
06/01/28
473,882
TOTAL TRANSPORTATION
3,947,999
UTILITIES - 4.3%
1,250,000
(i)
AES Corp/The
6.950
07/15/55
1,232,582
655,000
(a)
Alpha Generation LLC
6.250
01/15/34
649,335
794,000
(a),(i)
AltaGas Ltd
7.200
10/15/54
827,411
835,000
(a)
California Buyer Ltd / Atlantica Sustainable Infrastructure PLC
6.375
02/15/32
830,158
500,000
(a)
Clearway Energy Operating LLC
5.750
01/15/34
496,559
680,000
(a)
ContourGlobal Power Holdings SA
6.750
02/28/30
694,831
325,000
(a)
COX Asset Mexico SA de CV
7.125
01/08/32
330,687
225,000
(a)
Energuate Trust 2 0
6.350
09/15/35
224,315
250,000
(i)
EUSHI Finance Inc
7.625
12/15/54
260,367
1,120,000
(a)
Ferrellgas LP / Ferrellgas Finance Corp
5.875
04/01/29
1,098,410
197,000
(a)
Greenko Wind Projects Mauritius Ltd
7.250
09/27/28
198,928
305,000
(a),(h),(i)
NRG Energy Inc
10.250
N/A
332,565
280,000
(a)
NRG Energy Inc
6.000
02/01/33
282,117
290,000
(a)
NRG Energy Inc
6.250
11/01/34
292,475
700,000
(a)
Pampa Energia SA
7.750
11/14/37
704,200
200,000
(a)
Pampa Energia SA
7.875
12/16/34
205,562
300,000
(a)
Pattern Energy Operations LP / Pattern Energy Operations Inc
4.500
08/15/28
295,459
875,000
(i)
PG&E Corp
7
.375
03/15/55
891,085
400,000
(a)
Saavi Energia Sarl
8.875
02/10/35
434,352
855,000
(a)
Talen Energy Supply LLC
6.250
02/01/34
851,855
750,000
(a)
Talen Energy Supply LLC
6.500
02/01/36
754,229
605,000
(a)
TerraForm Power Operating LLC
4.750
01/15/30
584,218
$
500,000
(a)
Trinidad Generation UnLtd
7.750
06/16/33
527,750
730,000
(a),(h),(i)
Vistra Corp
8.875
N/A
785,239
670,000
(a)
VoltaGrid LLC
7.375
11/01/30
697,678
1,200,000
(a)
XPLR Infrastructure Operating Partners LP
7.250
01/15/29
1,249,844
590,000
(a)
XPLR Infrastructure Operating Partners LP
8.625
03/15/33
633,969
340,000
(a)
XPLR Infrastructure Operating Partners LP
4.500
09/15/27
337,761
TOTAL UTILITIES
16,703,941
TOTAL CORPORATE BONDS
(Cost $226,406,719)
228,348,433
Portfolio of Investments May 31, 2026
(continued)
Credit Income
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED SECURITIES - 7.3%
–
$
1,000,000
(a),(b)
ARDN 2025-ARCP Mortgage Trust, Series 2025 ARCP, (TSFR1M
+ 4.500%)
8.127
%
06/15/35
$
1,002,324
850,000
(b)
Benchmark 2018-B4 Mortgage Trust, Series 2018 B4
4.512
07/15/51
732,218
1,500,000
(b)
Benchmark 2019-B14 Mortgage Trust, Series 2019 B14
3.772
12/15/62
1,074,846
761,017
(a),(b)
BLP Commercial Mortgage Trust 2024-IND2, Series 2024 IND2,
(TSFR1M + 3.689%)
8.011
03/15/41
756,532
2,000,000
(a),(b)
BX Commercial Mortgage Trust 2024-BRBK, Series 2024 BRBK,
(TSFR1M + 5.971%)
9.705
10/15/41
2,000,175
725,000
(a),(b)
BX Trust, Series 2025 DELC, (TSFR1M + 3.050%)
6.677
12/15/42
728,849
1,000,000
(a),(b)
CIP Commercial Mortgage Trust 2025-SBAY, Series 2025 SBAY,
(TSFR1M + 3.750%)
7.850
10/15/37
1,006,836
1,000,000
(a),(b)
COMM 2014-UBS3 Mortgage Trust, Series 2014 UBS3
4.767
06/10/47
594,990
900,000
(a),(b)
COMM 2015-CCRE22 Mortgage Trust, Series 2015 CR22
3.000
03/10/48
494,730
45,102
(b)
COMM 2015-CCRE25 Mortgage Trust, Series 2015 CR25
3.768
08/10/48
44,114
1,500,000
(a),(b)
Connecticut Avenue Securities Trust 2022-R01, Series 2022
R01, (SOFR30A + 6.000%)
9.612
12/25/41
1,537,464
1,500,000
(a),(b)
Connecticut Avenue Securities Trust 2022-R02, Series 2022
R02, (SOFR30A + 7.650%)
12.972
01/25/42
1,558,210
2,000,000
(a),(b)
Connecticut Avenue Securities Trust 2022-R06, Series 2022
R06, (SOFR30A + 10.600%)
15.334
05/25/42
2,174,404
565,000
(a),(b)
Connecticut Avenue Securities Trust 2023-R06, Series 2023
R06, (SOFR30A + 5.900%)
9.512
07/25/43
613,819
1,250,000
(a),(b)
Freddie Mac STACR REMIC Trust 2022-DNA1, Series 2022
DNA1, (SOFR30A + 7.100%)
10.712
01/25/42
1,295,100
450,000
(a),(b)
Freddie Mac STACR REMIC Trust 2022-DNA2, Series 2022
DNA2, (SOFR30A + 4.750%)
8.362
02/25/42
461,426
1,500,000
(a),(b)
Freddie Mac STACR REMIC Trust 2022-DNA2, Series 2022
DNA2, (SOFR30A + 8.500%)
13.788
02/25/42
1,574,424
2,000,000
(a),(b)
Freddie Mac STACR REMIC Trust 2022-DNA3, Series 2022
DNA3, (SOFR30A + 9.750%)
15
.087
04/25/42
2,137,219
850,000
(a),(b)
Freddie Mac STACR REMIC Trust 2023-DNA1, Series 2023
DNA1, (SOFR30A + 8.150%)
11.758
03/25/43
947,940
1,500,000
(a),(b)
Freddie Mac STACR Trust 2019-HQA2, Series 2019 HQA2,
(SOFR30A + 11.364%)
15
.436
04/25/49
1,771,341
1,000,000
(b)
GS Mortgage Securities Trust 2018-GS10, Series 2018 GS10
4.547
07/10/51
937,672
2,500,000
(a),(b)
ILPT Commercial Mortgage Trust 2025-LPF2, Series 2025 LPF2
8.199
07/13/42
2,552,065
800,000
(b)
JPMBB Commercial Mortgage Securities Trust 2014-C22,
Series 2014 C22
4.513
09/15/47
759,084
1,250,000
(a),(b)
MFT Trust 2020-ABC, Series 2020 ABC
3.593
02/10/42
998,423
857,032
(a),(b)
Santander Bank Mortgage Credit-Linked Notes, Series 2023
MTG1, (SOFR30A + 4.900%)
9.256
02/26/52
993,311
TOTAL MORTGAGE-BACKED SECURITIES
(Cost $29,431,561)
28,747,516
SHARES
DESCRIPTION
RATE
VALUE
2826048
PREFERRED STOCK - 0.7%
2826048
BANKS - 0.2%
27,750
Wintrust Financial Corp
7.875
727,605
TOTAL BANKS
727,605
FINANCIAL SERVICES - 0.2%
27,550
Synchrony Financial
8.250
712,443
TOTAL FINANCIAL SERVICES
712,443
INSURANCE - 0.3%
63,000
Enstar Group Ltd
7.000
1,386,000
TOTAL INSURANCE
1,386,000
TOTAL PREFERRED STOCK
(Cost $2,801,669)
2,826,048
11
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
18547561
SOVEREIGN DEBT - 4.7%
18547561
ANGOLA - 0.3%
$
600,000
(a)
Angolan Government International Bond
9.375
%
03/31/33
$
627,013
400,000
(a)
Angolan Government International Bond
9.875
03/31/37
419,983
TOTAL ANGOLA
1,046,996
ARGENTINA - 0.2%
900,000
Argentine Republic Government International Bond
4.125
07/09/35
692,550
TOTAL ARGENTINA
692,550
BAHAMAS - 0.2%
600,000
(a)
Bahamas Government International Bond
8.250
06/24/36
670,710
TOTAL BAHAMAS
670,710
BARBADOS - 0.1%
200,000
(a)
Barbados Government International Bond
8.000
06/26/35
212,210
TOTAL BARBADOS
212,210
BENIN - 0.1%
500,000
(a)
Benin Government International Bond
7.960
02/13/38
527,393
TOTAL BENIN
527,393
BOLIVIA - 0.2%
625,000
(a)
Bolivian Government International Bond
9.450
05/14/31
607,506
TOTAL BOLIVIA
607,506
BRAZIL - 0.1%
500,000
Brazilian Government International Bond
6.250
05/22/36
495,500
TOTAL BRAZIL
495,500
COLOMBIA - 0.2%
500,000
Colombia Government International Bond
3.250
04/22/32
424,250
300,000
Colombia Government International Bond
6.500
01/21/33
296,250
TOTAL COLOMBIA
720,500
COTE D'IVOIRE - 0.4%
700,000
(a)
Ivory Coast Government International Bond
6.750
02/25/41
670,880
800,000
(a)
Ivory Coast Government International Bond
6.125
06/15/33
796,202
TOTAL COTE D'IVOIRE
1,467,082
ECUADOR - 0.3%
155,762
(a)
Ecuador Government International Bond
6.900
07/31/35
143,106
311,523
Ecuador Government International Bond, Reg S
6.900
07/31/35
286,212
350,000
(a)
Ecuador Government International Bond
9.250
01/29/39
359,975
500,000
(a)
Ecuador Government International Bond
8.750
01/29/34
506,750
TOTAL ECUADOR
1,296,043
EGYPT - 0.2%
200,000
(a)
Egypt Government International Bond
8.750
09/30/51
192,646
200,000
(a)
Egypt Government International Bond
8.625
02/04/30
214,205
300,000
(a)
Egyptian Financial Co for Sovereign Taskeek/The
6.375
04/07/29
304,125
TOTAL EGYPT
710,976
EL SALVADOR - 0.1%
400,000
(a)
El Salvador Government International Bond
7.625
09/21/34
402,000
TOTAL EL SALVADOR
402,000
GUATEMALA - 0.1%
300,000
(a)
Guatemala Government Bond
3.700
10/07/33
267,390
TOTAL GUATEMALA
267,390
HONDURAS - 0.0%
200,000
(a)
Honduras Government International Bond
5.625
06/24/30
197,620
TOTAL HONDURAS
197,620
JORDAN - 0.3%
600,000
(a)
Jordan Government International Bond
5.850
07/07/30
605,148
600,000
(a)
Jordan Government International Bond
5.750
11/12/32
589,499
TOTAL JORDAN
1,194,647
KENYA - 0.2%
200,000
(a)
Republic of Kenya Government International Bond
9.500
03/05/36
208,848
600,000
(a)
Republic of Kenya Government International Bond
7.875
02/26/34
585,166
TOTAL KENYA
794,014
Portfolio of Investments May 31, 2026
(continued)
Credit Income
12
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MONGOLIA - 0.0%
$
200,000
(a)
Mongolia Government International Bond
3.500
%
07/07/27
$
195,732
200,000
(a)
Mongolia Government International Bond
6.625
02/25/30
206,330
TOTAL MONGOLIA
402,062
NIGERIA - 0.1%
500,000
(a)
Nigeria Government International Bond
8.631
01/13/36
551,538
TOTAL NIGERIA
551,538
PAKISTAN - 0.1%
500,000
(a)
Pakistan Government International Bond
7.375
04/08/31
491,768
TOTAL PAKISTAN
491,768
PANAMA - 0.2%
400,000
Panama Government International Bond
6.875
01/31/36
436,800
500,000
Panama Government International Bond
5.227
02/23/34
494,750
TOTAL PANAMA
931,550
PARAGUAY - 0.1%
200,000
(a)
Paraguay Government International Bond
6.000
02/09/36
209,530
TOTAL PARAGUAY
209,530
REPUBLIC OF SERBIA - 0.1%
300,000
(a)
Serbia International Bond
2.125
12/01/30
262,325
TOTAL REPUBLIC OF SERBIA
262,325
ROMANIA - 0.2%
400,000
(a)
Romanian Government International Bond
7.500
02/10/37
431,884
500,000
(a)
Romanian Government International Bond
5.750
07/04/36
476,954
TOTAL ROMANIA
908,838
RWANDA - 0.1%
400,000
(a)
Rwanda International Government Bond
5.500
08/09/31
378,686
TOTAL RWANDA
378,686
SENEGAL - 0.0%
300,000
(a)
Senegal Government International Bond
6.250
05/23/33
156,742
TOTAL SENEGAL
156,742
SOUTH AFRICA - 0.2%
600,000
(a)
Republic of South Africa Government International Bond
7.100
11/19/36
641,820
TOTAL SOUTH AFRICA
641,820
SRI LANKA - 0.2%
800,000
(a)
Sri Lanka Government International Bond
3.600
06/15/35
636,732
TOTAL SRI LANKA
636,732
UZBEKISTAN - 0.0%
200,000
(a)
Republic of Uzbekistan International Bond
3.700
11/25/30
186,957
TOTAL UZBEKISTAN
186,957
VENEZUELA - 0.2%
1,775,000
(k)
Venezuela Government International Bond, Reg S
8.250
10/13/24
836,913
TOTAL VENEZUELA
836,913
ZAMBIA - 0.2%
654,030
(a)
Zambia Government International Bond
5.750
06/30/33
648,963
TOTAL ZAMBIA
648,963
TOTAL SOVEREIGN DEBT
(Cost $17,890,337)
18,547,561
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
56432516
VARIABLE RATE SENIOR LOAN INTERESTS - 14.4%
56432516
AUTOMOBILES & COMPONENTS - 0.4%
1,741,250
(b)
Clarios Global LP, Term Loan B, (TSFR1M + 2.500%)
6.098
01/28/32
1,745,821
TOTAL AUTOMOBILES & COMPONENTS
1,745,821
CAPITAL GOODS - 3.0%
453,657
(b)
Barnes Group Inc, Term Loan B, (TSFR1M + 2.500%)
6.120
01/27/32
454,721
1,994,950
(b)
BCPE Empire Holdings, Inc., Term Loan B, (TSFR1M + 3.250%)
6.870
12/26/30
1,985,972
440,400
(b)
Centuri Group, Inc, Refinance Term Loan B, (TSFR1M + 2.000%)
5.648
07/09/32
442,272
588,977
(b)
Columbus McKinnon Corporation, Term Loan B, (TSFR3M +
3.500%)
7.200
02/03/33
591,430
13
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CAPITAL GOODS
(continued)
$
497,500
(b)
CP Atlas Buyer, Inc., Term Loan, (TSFR1M + 5.250%)
8.870
%
07/08/30
$
435,467
609,000
(b)
LSF12 Helix Parent LLC, Term Loan B, (TSFR1M + 3.500%)
7.120
02/10/33
606,259
198,333
(b)
QXO Inc, Term Loan B, (TSFR1M + 2.000%)
5.620
04/30/32
198,382
1,495,003
(b)
TK Elevator Midco GmbH, Term Loan B, (TSFR6M + 2.750%)
6.377
04/30/30
1,509,251
2,000,000
(b)
TK Elevator Midco GmbH, Term Loan B, (TSFR3M + 2.750%)
6.442
04/30/30
2,017,810
1,741,162
(b)
TransDigm, Inc., Term Loan, (TSFR1M + 2.500%)
6.120
01/20/32
1,747,456
1,400,000
(b)
Victory Buyer LLC, Term Loan B, (TSFR3M + 3.000%)
6.663
02/14/33
1,411,900
443,719
(b)
Windsor Holdings III, LLC, Term Loan B, (TSFR1M + 2.750%)
6.370
08/01/30
443,386
TOTAL CAPITAL GOODS
11,844,306
COMMERCIAL & PROFESSIONAL SERVICES - 2.0%
2,985,000
(b)
Allied Universal Holdco LLC, Term Loan B, (TSFR1M + 3.250%)
6.870
08/20/32
2,999,358
1,994,962
(b)
Archkey Solutions LLC, Term Loan B, (TSFR3M + 4.000%)
7.700
11/03/31
2,007,181
750,000
(b)
Dayforce, Inc., Term Loan, (TSFR3M + 3.000%)
6
.663
02/04/33
715,823
497,500
(b)
GFL Environmental Inc., Term Loan B, (TSFR3M + 2.500%)
6.166
03/03/32
498,644
173,290
(b),(l)
Pye-Barker Fire & Safety, LLC, Delayed Draw Term Loan, (N/A +
TSFR3M + 2.500%)
4.332
12/16/32
173,879
1,159,710
(b)
Pye-Barker Fire & Safety, LLC, Term Loan, (TSFR3M + 2.500%)
6.163
12/16/32
1,163,653
426,781
(b)
WIN Waste Innovations Holdings, Inc., First Lien Term Loan,
(TSFR1M + 3.250%)
6.985
03/27/28
428,914
TOTAL COMMERCIAL & PROFESSIONAL SERVICES
7,987,452
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 0.7%
145,275
(b)
Johnstone Supply LLC, Term Loan B, (TSFR1M + 2.250%)
5.899
06/09/31
145,586
498,750
(b)
PetSmart, Inc., Term Loan B, (TSFR1M + 4.000%)
7.584
08/18/32
498,284
2,000,000
(b)
White Cap Buyer LLC, Incremental Term Loan B, (TSFR1M +
3.500%)
7.120
02/10/33
1,985,130
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
2,629,000
CONSUMER DURABLES & APPAREL - 0.3%
497,494
(b)
AI Aqua Merger Sub, Inc., Term Loan B, (TSFR1M + TSFR3M +
2.500%)
6.156
07/31/28
498,593
618,450
(b)
Beach Acquisition Bidco LLC, Term Loan B, (TSFR1M + 2.750%)
6.382
09/13/32
622,857
TOTAL CONSUMER DURABLES & APPAREL
1,121,450
CONSUMER SERVICES - 0.4%
1,000,000
(b)
Camelot U.S. Acquisition LLC, Term Loan B, (TSFR1M + 2.750%)
6.370
01/31/31
947,860
592,500
(b)
GBT US III LLC, Term Loan B, (TSFR3M + 2.000%)
5
.667
07/28/31
593,427
TOTAL CONSUMER SERVICES
1,541,287
FINANCIAL SERVICES - 0.2%
445,000
(b)
Orion US Finco Inc., First Lien Term Loan, (TSFR3M + 3.500%)
7.169
10/12/32
446,206
244,552
(b)
Tiger Acquisition, LLC, Term Loan B, (TSFR1M + 2.500%)
6.108
08/23/32
245,449
TOTAL FINANCIAL SERVICES
691,655
FOOD, BEVERAGE & TOBACCO - 0.4%
115,046
(b)
City Brewing Company, LLC, PIK First Out Term Loan, (TSFR3M
+ 7.000%), (cash 10.666%, PIK 7.000%)
10.666
09/30/30
17,257
21,517
(b)
City Brewing Company, LLC, PIK Super Priority Term Loan,
(TSFR3M + 7.000%), (cash 10.666%, PIK 7.000%)
10.666
09/30/30
9,682
1,580,000
(b)
Primo Brands Corporation, Term Loan B, (TSFR3M + 2.750%)
6.432
03/31/31
1,592,032
TOTAL FOOD, BEVERAGE & TOBACCO
1,618,971
HEALTH CARE EQUIPMENT & SERVICES - 1.6%
462,675
(b)
Bausch & Lomb Corporation, Repriced Term Loan, (TSFR1M +
3.750%)
7.370
01/15/31
465,220
992,463
(b)
LifePoint Health, Inc., First Lien Term Loan B, (TSFR3M +
3.750%)
7.423
05/19/31
985,738
1,000,000
(b),(c)
Opal Bidco SAS, First Lien Term Loan B, (TBD)
TBD
TBD
1,001,965
700,000
(b),(c)
Select Medical Corp, (TBD)
TBD
TBD
703,500
696,491
(b)
Surgery Center Holdings, Inc., Term Loan B, (TSFR1M +
2.500%)
6.120
12/19/30
699,382
1,990,000
(b)
Team Health Holdings, Inc., Repriced Term Loan B, (TSFR3M +
4.000%)
7.663
06/30/28
2,000,507
493,750
(b)
Zelis Payments Buyer, Inc., 5th Amendment Term Loan,
(TSFR1M + 3.250%)
6.870
11/26/31
487,862
TOTAL HEALTH CARE EQUIPMENT & SERVICES
6,344,174
Portfolio of Investments May 31, 2026
(continued)
Credit Income
14
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INSURANCE - 1.2%
$
1,489,991
(b)
Alliant Holdings Intermediate, LLC, Term Loan B, (TSFR1M +
2.500%)
6.120
%
09/19/31
$
1,486,422
496,250
(b)
Asurion LLC, Term Loan B13, (TSFR3M + 4.250%)
7.913
09/19/30
496,947
491,680
(b)
Broadstreet Partners, Inc., Term Loan B4, (TSFR1M + 2.500%)
6.120
06/16/31
486,006
1,491,165
(b)
HUB International Limited, Term Loan B, (TSFR3M + 2.250%)
5.922
06/20/30
1,496,168
741,884
(b)
Sedgwick Claims Management Services, Inc., Term Loan B,
(TSFR1M + 2.500%)
6.120
07/31/31
742,137
TOTAL INSURANCE
4,707,680
MATERIALS - 0.6%
997,368
(b)
Charter NEX US, Inc., Repriced Term Loan B, (TSFR1M +
2.500%)
6.145
12/02/30
1,000,859
992,132
(b)
Clydesdale Acquisition Holdings Inc, Term Loan B, (TSFR1M +
3.250%)
6.870
04/01/32
940,110
498,695
(b)
TricorBraun Holdings, Inc., Term Loan, (TSFR1M + 3.250%)
6.870
03/03/31
476,538
TOTAL MATERIALS
2,417,507
MEDIA & ENTERTAINMENT - 1.0%
497,503
(b)
AMC Entertainment Holdings, Inc. , Term Loan, (TSFR1M +
7.000%)
10.603
01/04/29
499,339
1,429,000
(b),(c)
Discovery Global Holdings Inc, (TBD)
TBD
TBD
1,433,244
1,500,000
(b),(c)
OAK-Eagle Acquireco Inc, (TBD)
TBD
TBD
1,506,622
560,830
(b)
Planet US Buyer LLC, Term Loan B, (TSFR1M + TSFR3M +
3.000%)
6.632
02/10/31
564,585
TOTAL MEDIA & ENTERTAINMENT
4,003,790
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.3%
1,000,000
(b)
Hologic Inc., Term Loan B, (TSFR3M + 2.250%)
5.924
04/07/33
991,120
276,474
(b)
Parexel International Corporation, Repriced Term Loan B,
(TSFR1M + 2.500%)
6.120
12/12/31
277,252
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
1,268,372
REAL ESTATE MANAGEMENT & DEVELOPMENT - 0.1%
221,579
(b)
Cushman & Wakefield U.S. Borrower, LLC, Term Loan, (TSFR1M
+ 2.500%)
6.120
01/31/30
222,355
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT
222,355
SOFTWARE & SERVICES - 1.8%
196,262
(b)
Asurion LLC, Second Lien Term Loan B4, (TSFR3M + 5.250%)
9.175
01/22/29
196,722
495,000
(b)
Boxer Parent Company Inc., Term Loan B, (TSFR3M + 3.000%)
6.666
07/30/31
465,105
398,000
(b)
Clearwater Analytics, LLC, Term Loan B, (TSFR1M + 2.000%)
5.584
04/21/32
398,125
197,007
(b)
Cloud Software Group, Inc., Term Loan B (2031), (TSFR3M +
3.250%)
6.950
03/24/31
185,680
600,000
(b),(l)
Coreweave Financing DDTL V LLC, Delayed Draw Term Loan,
(N/A + TSFR1M + 2.500%)
4.306
11/17/31
613,368
997,481
(b)
Darktrace PLC, First Lien Term Loan, (TSFR3M + 3.250%)
6.927
10/09/31
955,427
178,191
(b)
Epicor Software Corporation, Term Loan E, (TSFR1M + 2.500%)
6.120
05/30/31
176,095
1,142,647
(b)
Fortress Intermediate 3, Inc, Term Loan B, (TSFR1M + 3.000%)
6.638
06/27/31
1,134,077
428,081
(b)
Genesys Cloud Services Holdings II LLC, Term Loan B, (TSFR1M
+ 2.500%)
6.120
01/30/32
412,938
215,229
(b)
Javelin Buyer, Inc., 2nd Lien Term Loan, (TSFR3M + 5.000%)
8.666
12/06/32
197,293
2,000,000
(b),(c)
Rackspace Finance, LLC, First Lien Second Out Term Loan,
(TBD)
TBD
TBD
1,744,280
493,753
(b)
UKG Inc., Term Loan B, (TSFR3M + 2.250%)
5
.913
02/10/31
477,852
TOTAL SOFTWARE & SERVICES
6,956,962
TELECOMMUNICATION SERVICES - 0.2%
332,168
(b)
Windstream Services, LLC, Term Loan B, (TSFR1M + 4.000%)
7.620
10/06/32
333,207
309,195
(b)
Zayo Group Holdings, Inc., Term Loan, (TSFR1M + 1.750%),
(cash 6.735%, PIK 0.500%)
3.617
03/11/30
309,398
TOTAL TELECOMMUNICATION SERVICES
642,605
15
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTILITIES - 0.2%
$
692,342
(b)
Talen Energy Supply, LLC, Term Loan B, (TSFR1M + 2.500%)
6.125
%
11/25/32
$
689,129
TOTAL UTILITIES
689,129
TOTAL VARIABLE RATE SENIOR LOAN INTERESTS
(Cost $56,470,047)
56,432,516
TOTAL LONG-TERM INVESTMENTS
(Cost $382,334,929)
383,446,884
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 2.7%
10,615,314
(m)
State Street Navigator Securities Lending Government Money
Market Portfolio
3.670 (n)
10,615,314
TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING
(Cost $10,615,314)
10,615,314
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS -  3.0%
11718701
REPURCHASE AGREEMENTS - 3.0%
11718701
818,701
(o)
Fixed Income Clearing Corporation
1.060
06/01/26
818,701
10,900,000
(p)
Fixed Income Clearing Corporation
3.570
06/01/26
10,900,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,718,701)
11,718,701
TOTAL SHORT-TERM INVESTMENTS
(Cost $11,718,701)
11,718,701
TOTAL INVESTMENTS - 103.1%
(Cost $404,668,944)
405,780,899
OTHER ASSETS & LIABILITIES, NET -  (3.1)%
(12,278,527)
NET ASSETS - 100%
$
393,502,372
EUR
Euro
LIBOR
London Inter-Bank Offered Rate
M
Month
PIK
Payment-in-kind (“PIK”) security.  Depending on the terms of the security, income may be received in the form of cash,
securities, or a combination of both.  The PIK rate shown, where applicable, represents the annualized rate of the last PIK
payment made by the issuer as of the end of the reporting period.
Reg S
Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without
registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor
from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic
issuers that are made outside the United States.
SOFR30A
30 Day Average Secured Overnight Financing Rate
TBD
Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not
known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and
therefore a coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will
provide the Fund with the final coupon rate and maturity date.
TSFR1M
CME Term Secured Overnight Financing Rate 1 Month
TSFR3M
CME Term Secured Overnight Financing Rate 3 Month
TSFR6M
CME Term Secured Overnight Financing Rate 6 Month
(a)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $285,479,460 or 70.4% of Total Investments.
(b)
Floating or variable rate security includes the reference rate and spread, when applicable.  For mortgage-backed or asset-backed
securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
(c)
When-issued or delayed delivery security.
(d)
For fair value measurement disclosure purposes, investment classified as Level 3.
(e)
Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.
(f)
Contains $1,000 Par Preferred and/or Contingent Capital Securities.
(g)
Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end
of the fiscal period was $10,132,797.
(h)
Perpetual security. Maturity date is not applicable.
(i)
$1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was
4.8% of Total Investments.
Portfolio of Investments May 31, 2026
(continued)
Credit Income
16
Principal denominated in U.S. Dollars, unless otherwise noted. 
Investments in Derivatives
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value
them:
(j)
Contingent Capital Securities (“CoCos”) are debt or preferred securities with loss absorption characteristics built into the terms
of the security for the benefit of the issuer, for example an automatic write-down of principal or a mandatory conversion into the
issuer’s common stock under certain adverse circumstances, such as the issuer’s capital ratio falling below a specified level. As of
the end of the reporting period, the Fund’s total investment in CoCos was 2.7% of Total Investments.
(k)
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of
bankruptcy.
(l)
Investment, or portion of investment, represents an outstanding unfunded senior loan commitment.
(m)
Investments made with cash collateral received from securities on loan.
(n)
The rate shown is the one-day yield as of the end of the reporting period.
(o)
Agreement with Fixed Income Clearing Corporation, 1.060% dated 5/29/26 to be repurchased at $818,773 on 6/1/26,
collateralized by Government Agency Securities, with coupon rate 4.250% and maturity date 5/15/35, valued at $835,082.
(p)
Agreement with Fixed Income Clearing Corporation, 3.570% dated 5/29/26 to be repurchased at $10,903,243 on 6/1/26,
collateralized by Government Agency Securities, with coupon rate 0.125% and maturity date 7/15/30, valued at $11,118,059.
Futures Contracts - Long
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
U.S. Treasury 5-Year Note
288
9/26
$
30,796,759
$
30,876,750
$
79,991
Forward Foreign Currency Contracts
Currency Purchased
Notional Amount
(Local Currency)
Currency Sold
Notional Amount
(Local Currency)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
$
831,713
EUR
718,336
Toronto Dominion Bank
7/08/26
$
(7,457)
Total
        $(7,457)
Total unrealized appreciation on forward foreign currency contracts
        $–
Total unrealized depreciation on forward foreign currency contracts
        $(7,457)
EUR
Euro
17
The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:
The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of the end of the report-
ing period, were as follows:
Credit Income
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Asset-Backed Securities
$
–
$
47,786,675
$
380,182
$
48,166,857
Common Stocks
–
83,489
89
83,578
Convertible Bonds
–
294,375
–
294,375
Corporate Bonds
–
228,348,433
–
228,348,433
Mortgage-Backed Securities
–
28,747,516
–
28,747,516
Preferred Stock
2,826,048
–
–
2,826,048
Sovereign Debt
–
18,547,561
–
18,547,561
Variable Rate Senior Loan Interests
–
56,432,516
–
56,432,516
Investments Purchased with Collateral from Securities
Lending
10,615,314
–
–
10,615,314
Short-Term Investments:
Repurchase Agreements
–
11,718,701
–
11,718,701
$
13,441,362
$
391,959,266
$
380,271
$
405,780,899
Investments in Derivatives:
Forward Foreign Currency Contracts*
–
(7,457)
–
(7,457)
Futures Contracts*
79,991
–
–
79,991
$
79,991
$
(7,457)
$
–
$
72,534
*
Represents net unrealized appreciation (depreciation).
Level 3
Credit Income
Common Stocks
Asset-Backed
Securities
Balance at the beginning of period
$89
$535,885
Gains (losses):
Net realized gains (losses)
-
-
Change in net unrealized appreciation (depreciation)
-
(176,712)
Purchases at cost
-
-
Sales at proceeds
-
-
Net discounts (premiums)
-
21,009
Transfers into
-
-
Transfers (out of)
-
-
Balance at the end of period
$89
$380,182
Change in net unrealized appreciation (depreciation) during the period of Level 3 securities held as of
period end
$-
$(176,712)
Fund
Asset Class
Market
Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
Credit Income
Asset-Backed Securities
$380,271
Indicative Trade
Broker Quote
$24.93
N/A
18
Portfolio of Investments May 31, 2026
Strategic Income
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 97.6%
ASSET-BACKED SECURITIES - 11.5%
–
$
422,468
(a)
Aaset 2021-2 Trust, Series 2021 2A
2
.798
%
01/15/47
$
401,850
2,000,000
(a)
Adams Outdoor Advertising LP, Series 2023 1
6
.967
07/15/53
2,020,912
2,200,000
(a)
Affirm Asset Securitization Trust 2024-B, Series 2024 B
5
.060
09/15/29
2,201,147
1,900,000
(a)
Affirm Asset Securitization Trust 2024-B, Series 2024 B
5
.500
09/15/29
1,901,473
626,163
(a)
Alterna Funding III LLC, Series 2024 1A
6
.260
05/16/39
627,431
675,799
(a)
Alterna Funding III LLC, Series 2024 1A
7
.136
05/16/39
675,766
3,000,000
(a)
Applebee's Funding LLC / IHOP Funding LLC
6
.720
06/07/55
2,996,557
425,000
(a)
Avis Budget Rental Car Funding AESOP LLC, Series 2021 1A
2
.130
08/20/27
423,633
2,000,000
(a),(b)
Barings CLO Ltd 2026-I, Series 2026 1A, (TSFR3M + 3.100%)
6
.765
04/15/39
2,017,450
2,400,000
(a)
Blue Stream Issuer LLC, Series 2024 1A
5
.408
11/20/54
2,412,030
2,406,812
(a)
Bojangles Issuer LLC, Series 2024 1A
6
.584
11/20/54
2,426,019
1,000,000
(a)
Cajun Global LLC, Series 2025 2A
5
.912
11/20/55
988,490
3,525,000
(a)
Canon Music Issuer Trust, Series 2026 1A
5
.521
05/01/76
3,522,524
1,000,000
(a),(b)
CARLYLE US CLO 2021-2 LTD, Series 2021 2A, (TSFR3M +
2.850%)
6
.525
04/20/38
1,001,807
1,500,000
(a),(b)
Carlyle US CLO 2026-3 Ltd, Series 2026 3A, (TSFR3M +
3.000%)
6
.668
04/15/39
1,511,092
1,250,000
(a)
Cars Net Lease Mortgage Notes, Series 2020 1A
4
.690
12/15/50
1,185,140
1,459,375
(a)
Cars Net Lease Mortgage Notes, Series 2020 1A
3
.100
12/15/50
1,397,383
1,150,000
(a)
CARS-DB4 LP, Series 2020 1A
4
.520
02/15/50
1,137,644
624,284
(a)
CARS-DB5 LP, Series 2021 1A
1
.920
08/15/51
620,109
199,001
Carvana Auto Receivables Trust 2021-N4, Series 2021 N4
2
.300
09/11/28
195,256
500,000
(a)
Carvana Auto Receivables Trust 2024-N3, Series 2024 N3
4
.900
12/10/30
500,330
2,077,325
(a)
Castlelake Aircraft Structured Trust 2026-2, Series 2026 2A
5
.333
04/15/51
2,058,389
2,760,000
(a)
Centersquare Issuer LLC, Series 2024 1A
5
.600
10/26/54
2,666,216
2,240,000
(a)
Centersquare Issuer LLC, Series 2024 1A
5
.200
10/26/54
2,180,603
1,349,178
(a)
CF Hippolyta Issuer LLC, Series 2020 1
2
.280
07/15/60
817,175
674,589
(a)
CF Hippolyta Issuer LLC, Series 2020 1
2
.600
07/15/60
414,892
1,500,000
(a)
Compass Datacenters Issuer III LLC, Series 2025 1A
5
.656
02/25/50
1,508,295
1,000,000
(a)
Concord Music Royalties LLC, Series 2024 1A
5
.644
10/20/74
1,005,723
2,500,000
(a)
Consolidated Communications LLC/Fidium Fiber Finance
Holdco LLC, Series 2025 1A
6
.000
05/20/55
2,536,925
3,000,000
(a)
Crescendo Royalty Funding LP, Series 2021 1
3
.567
12/20/51
2,975,463
1,000,000
(a)
CyrusOne Data Centers Issuer I LLC, Series 2023 2A
5
.560
11/20/48
1,000,845
2,175,000
(a)
DataBank Issuer, Series 2026 1A
5
.811
02/25/56
2,171,038
1,146,000
(a)
DB Master Finance LLC, Series 2021 1A
2
.045
11/20/51
1,133,386
1,146,000
(a)
DB Master Finance LLC, Series 2021 1A
2
.493
11/20/51
1,080,877
1,440,000
(a)
Domino's Pizza Master Issuer LLC, Series 2019 1A
3
.668
10/25/49
1,382,453
972,500
(a)
Domino's Pizza Master Issuer LLC, Series 2021 1A
2
.662
04/25/51
923,629
2,000,000
(a)
Flexential Issuer LLC, Series 2025 1A
6
.030
10/25/60
1,994,703
1,580,575
(a),(b)
FNA 8 LLC, Series 2025 1
5
.623
03/15/45
1,575,819
4,792,707
(a),(b)
FNA 9 LLC, Series 2026 1
5
.509
04/16/46
4,796,129
1,000,000
(a),(b)
GoldenTree Loan Management US CLO 29 Ltd, Series 2026
29A, (TSFR3M + 2.950%)
6
.589
04/20/39
1,001,212
2,842,500
(a)
Hardee's Funding LLC, Series 2020 1A
3
.981
12/20/50
2,750,002
1,000,000
(a)
Hertz Vehicle Financing III LLC, Series 2024 1A
6
.120
01/25/29
1,012,705
1,000,000
(a)
Hertz Vehicle Financing III LLC, Series 2025 6A
5
.140
05/25/32
981,835
1,500,000
(a)
Hertz Vehicle Financing III LLC, Series 2024 2A
6
.210
01/27/31
1,530,784
6,150,000
(a)
HI-FI Music IP Issuer LP, Series 2022 1A
3
.939
02/01/62
6,108,246
1,032,500
(a)
Hin Timeshare Trust, Series 2025 B
7
.580
05/15/45
1,038,774
550,425
(a)
Horizon Aircraft Finance II Ltd, Series 2019 1
3
.721
07/15/39
542,167
380,737
(a)
Horizon Aircraft Finance III Ltd, Series 2019 2
3
.425
11/15/39
374,454
2,750,100
(a)
Horizon Aircraft Finance IV Ltd, Series 2024 1
5
.375
09/15/49
2,715,752
1,000,000
(a)
Hotwire Funding LLC, Series 2024 1A
6
.672
06/20/54
1,015,157
1,100,000
(a)
Hotwire Funding LLC, Series 2021 1
2
.658
11/20/51
1,088,488
1,138,520
(a),(c)
Industrial DPR Funding Ltd, Series 2022 1A
5
.380
04/15/34
1,016,323
2,912,700
(a)
Jersey Mike's Funding LLC, Series 2026 1A
4
.952
02/15/56
2,871,762
1,166,466
(a)
Jonah Energy Abs I LLC, Series 2022 1
7
.200
12/10/37
1,181,502
2,025,000
(a)
Kinetic ABS Issuer LLC, Series 2026 1A
5
.219
02/25/56
2,005,652
1,250,000
(a)
Kinetic ABS Issuer LLC, Series 2026 1A
7
.653
02/25/56
1,271,787
19
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ASSET-BACKED SECURITIES
(continued)
2,000,000
(a)
LIGHTPATH FIBER ISSUER LLC, Series 2026 1A
5
.597
%
03/25/56
$
1,998,386
2,500,000
(a)
Lmdv Issuer Co LLC, Series 2025 1A
5
.310
12/15/55
2,481,455
2,000,000
(a)
Lmrk Issuer Co 2 LLC, Series 2025 1A
5
.520
09/15/55
1,981,220
695,355
(a)
Lunar 2021-1 Structured Aircraft Portfolio Notes, Series 2021 1
5
.682
10/15/46
678,558
1,302,372
(a)
LUNAR AIRCRAFT 2020-1 LTD, Series 2020 1A
3
.376
02/15/45
1,280,249
3,699,344
(a)
Lyra Music Assets Delaware LP, Series 2024 2A
5
.760
12/22/64
3,718,521
53,180
(a)
MAPS 2021-1 Trust, Series 2021 1A
2
.521
06/15/46
51,655
1,968,255
(a)
Maritime Partners, LLC, Series 2025 1A
5
.547
11/15/65
1,924,329
3,000,000
(a)
Mercury Financial Credit Card Master Trust, Series 2026 2A
5
.800
06/21/32
3,007,148
2,000,000
(a)
MetroNet Infrastructure Issuer LLC, Series 2025 4A
5
.163
12/20/55
1,992,329
2,000,000
(a)
MetroNet Infrastructure Issuer LLC, Series 2026 1A
5
.273
04/20/56
2,003,954
2,500,000
(a)
Mission Lane Credit Card Master Trust, Series 2025 A
12
.250
05/15/30
2,504,391
2,000,000
(a)
Mission Lane Credit Card Master Trust, Series 2026 A
5
.690
07/15/32
2,000,530
1,750,000
(a)
Mission Lane Credit Card Master Trust, Series 2026 A
6
.270
07/15/32
1,760,204
1,250,000
(a),(b)
Neuberger Berman CLO XXII Ltd, Series 2016 22A, (TSFR3M +
3.150%)
6
.830
04/17/40
1,263,231
1,000,000
(a),(b)
Neuberger Berman Loan Advisers Clo 51 Ltd, Series 2022 51A,
(TSFR3M + 2.800%)
6
.466
10/23/36
1,001,255
1,000,000
(a)
Oak Street Investment Grade Net Lease Fund, Series 2021 1A
4
.230
01/20/51
490,656
2,992,500
(a)
OHS Issuer LLC, Series 2026 1
5
.980
02/25/61
2,937,854
128,594
(a)
Oportun Issuance Trust 2021-C, Series 2021 C
3
.610
10/08/31
127,210
72,946
(a)
Oportun Issuance Trust 2021-C, Series 2021 C
5
.570
10/08/31
72,305
3,330,000
(a)
Oportun Issuance Trust 2025-B, Series 2025 B
6
.450
05/09/33
3,335,154
1,000,000
(a)
Planet Fitness Master Issuer LLC, Series 2025 1A
5
.274
12/06/55
992,784
3,000,000
(a)
QTS Issuer ABS II LLC, Series 2026 1A
5
.364
01/05/56
2,953,137
1,000,000
(a)
Sotheby's Artfi Master Trust, Series 2026 1A
6
.800
06/20/33
995,904
486,875
(a)
Start II LTD, Series 2019 1
5
.095
03/15/44
488,038
1,477,500
(a)
Subway Funding LLC, Series 2024 1A
6
.028
07/30/54
1,486,551
2,000,000
(a)
Summit Issuer LLC, Series 2025 1A
5
.208
11/20/55
1,992,128
2,583,975
(a)
Taco Bell Funding LLC, Series 2021 1A
2
.294
08/25/51
2,397,659
3,000,000
(a)
TSC SPV Funding LLC, Series 2026 1A
5
.954
05/20/56
2,995,720
1,500,000
(a)
Uniti Fiber Abs Issuer LLC, Series 2025 1A
5
.877
04/20/55
1,516,649
3,000,000
(a)
VB-S1 Issuer LLC - VBTEL, Series 2022 1A
4
.288
02/15/52
2,959,945
2,155,000
(a)
VB-S1 Issuer LLC - VBTEL, Series 2022 1A
3
.156
02/15/52
2,107,062
286,802
(a)
Vivint Solar Financing V LLC, Series 2018 1A
7
.370
04/30/48
281,346
827,882
(a)
Wendy's Funding LLC, Series 2021 1A
2
.370
06/15/51
764,234
1,375,792
(a)
Wendy's Funding LLC, Series 2018 1A
3
.884
03/15/48
1,344,968
1,963,657
(a)
Willis Engine Structured Trust IX, Series 2025 B
5
.159
12/15/50
1,943,104
795,633
(a)
Willis Engine Structured Trust VI, Series 2021 A
3
.104
05/15/46
747,098
143,232
(a)
Willis Engine Structured Trust VII, Series 2023 A
8
.000
10/15/48
145,303
1,451,950
(a)
Willis Engine Structured Trust VIII, Series 2025 A
6
.070
06/15/50
1,454,143
619,125
(a)
Zaxbys Funding LLC, Series 2021 1A
3
.238
07/30/51
589,807
1,500,000
(a)
Zayo Issuer LLC, Series 2025 1A
8
.659
03/20/55
1,550,848
4,500,000
(a)
Zayo Issuer LLC, Series 2025 1A
5
.648
03/20/55
4,535,380
TOTAL ASSET-BACKED SECURITIES
(Cost $163,013,137)
161,745,607
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
471117853
CORPORATE BONDS - 33.6% (d)
471117853
AUTOMOBILES & COMPONENTS - 0.1%
1,500,000
(a)
Ford Otomotiv Sanayi AS
7
.125
04/25/29
1,517,613
TOTAL AUTOMOBILES & COMPONENTS
1,517,613
BANKS - 10.0%
2,975,000
(a),(e),(f)
Akbank TAS
0
.000
N/A
2,862,803
1,600,000
(e),(f)
Banco Bilbao Vizcaya Argentaria SA
9
.375
N/A
1,748,936
1,500,000
(a),(g)
Banco Bradesco SA/Cayman Islands
6
.500
01/22/30
1,559,700
800,000
(a),(e),(f)
Banco de Credito e Inversiones SA
8
.750
N/A
858,600
1,975,000
(a)
Banco do Brasil SA/Cayman
5
.625
10/23/31
1,964,137
1,325,000
(a)
Banco Internacional del Peru SAA Interbank
4
.800
07/15/31
1,301,335
1,500,000
(a),(e),(f)
Banco Mercantil del Norte SA/Grand Cayman
8
.750
N/A
1,580,859
500,000
(a),(e),(f)
Banco Mercantil del Norte SA/Grand Cayman
8
.375
N/A
519,375
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
20
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
BANKS
(continued)
1,050,000
(a),(e),(f)
Banco Mercantil del Norte SA/Grand Cayman
7
.500
%
N/A
$
1,047,669
1,675,000
(a),(h)
Banco Nacional de Comercio Exterior SNC/Cayman Islands
6
.000
05/14/36
1,666,625
3,525,000
(a),(f)
Banco Nacional de Mexico SA
6
.697
08/07/36
3,517,598
1,775,000
(a)
Banco Santander Mexico SA Institucion de Banca Multiple
Grupo Financiero Santand
5
.621
12/10/29
1,792,750
2,200,000
(e),(f)
Banco Santander SA
9
.625
N/A
2,586,179
500,000
(a),(f)
Bangkok Bank PCL/Hong Kong
3
.466
09/23/36
453,911
950,000
(a)
Bank Hapoalim BM, Reg S
5
.252
01/14/33
946,106
1,000,000
(a),(f)
Bank Hapoalim BM, Reg S
3
.255
01/21/32
991,142
3,175,000
Bank of America Corp
0
.000
04/23/32
3,155,791
4,800,000
(e),(h)
Bank of America Corp
6
.625
N/A
4,960,771
5,000,000
(h)
Bank of Montreal
7
.300
11/26/84
5,246,860
1,750,000
Bank of Montreal
5
.298
06/02/37
1,752,658
3,340,000
(e),(f)
Barclays PLC
8
.000
N/A
3,505,333
1,100,000
(a),(f)
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero BBVA Mexico/TX
7
.625
02/11/35
1,140,975
1,000,000
(a),(f)
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero BBVA Mexico/TX
8
.450
06/29/38
1,085,716
3,290,000
(a),(e),(f),(g)
BNP Paribas SA
7
.450
N/A
3,394,964
500,000
(a)
BPCE SA
5
.417
01/13/37
489,701
2,500,000
(h)
BSF Finance, Reg S
5
.761
09/03/35
2,452,085
3,000,000
(h)
Canadian Imperial Bank of Commerce
6
.950
01/28/85
3,050,259
3,685,000
(e),(h)
Citigroup Inc
7
.625
N/A
3,839,538
4,000,000
(e),(h)
Citigroup Inc
6
.625
N/A
4,060,696
1,675,000
(a)
Development Bank of Kazakhstan JSC
2
.950
05/06/31
1,516,175
1,075,000
(a)
DNB Bank ASA
4
.832
03/30/32
1,071,201
4,600,000
(e),(h)
First Citizens BancShares Inc/NC
7
.000
N/A
4,620,741
1,625,000
First Horizon Corp
5
.514
03/07/31
1,647,209
375,000
(a),(g)
Grupo Aval Ltd
4
.375
02/04/30
354,375
1,560,000
(e),(h)
Huntington Bancshares Inc/OH
5
.625
N/A
1,584,884
2,800,000
(e),(f)
ING Groep NV
7
.000
N/A
2,880,576
2,000,000
(e),(h)
JPMorgan Chase & Co
6
.875
N/A
2,087,750
3,030,000
JPMorgan Chase & Co
4
.347
01/22/32
2,978,220
2,000,000
(e),(f)
Lloyds Banking Group PLC
6
.750
N/A
2,045,600
2,400,000
(a),(f)
Mizrahi Tefahot Bank Ltd, Reg S
5
.837
04/15/36
2,427,593
1,800,000
Morgan Stanley Private Bank NA
4
.204
11/17/28
1,794,737
10,945,000
Morgan Stanley Private Bank NA
4
.465
11/19/31
10,778,574
3,000,000
(e),(f)
NatWest Group PLC
8
.125
N/A
3,281,226
2,000,000
(e),(h)
PNC Financial Services Group Inc/The
3
.400
N/A
1,985,382
1,950,000
Regions Bank/Birmingham AL
4
.755
07/27/29
1,955,906
2,000,000
(h)
Royal Bank of Canada
6
.500
05/24/86
1,977,054
CAD
4,000,000
(h)
Royal Bank of Canada
3
.650
11/24/81
2,871,186
4,500,000
(h)
Saudi Awwal Bank, Reg S
5
.947
09/04/35
4,465,156
4,775,000
(h)
SNB Funding Ltd, Reg S
6
.000
06/24/35
4,790,201
2,165,000
Texas Capital Bancshares Inc
5
.301
02/27/32
2,142,132
CAD
4,000,000
(h)
Toronto-Dominion Bank/The
3
.600
10/31/81
2,874,116
2,000,000
(e),(h)
Truist Financial Corp
6
.669
N/A
2,005,300
EUR
3,000,000
(e),(f),(g)
UniCredit SpA, Reg S
5
.800
N/A
3,480,120
1,850,000
Wells Fargo & Co
5
.150
04/23/31
1,877,490
1,440,000
(e),(h)
Wells Fargo & Co
7
.625
N/A
1,515,452
4,470,000
(e),(h)
Wells Fargo & Co
6
.125
N/A
4,506,033
1,500,000
(a),(e),(f)
Yapi ve Kredi Bankasi AS
8
.250
N/A
1,455,743
TOTAL BANKS
140,503,204
CAPITAL GOODS - 1.3%
2,945,000
Boeing Co/The
5
.805
05/01/50
2,915,512
1,225,000
Boeing Co/The
6
.528
05/01/34
1,337,286
960,000
Hexcel Corp
4
.900
05/15/31
957,766
1,045,000
(a)
Honeywell Aerospace Inc
4
.950
03/16/36
1,033,669
1,325,000
(a)
Honeywell Aerospace Inc
5
.732
03/16/56
1,325,514
1,500,000
(a),(g)
IHS Holding Ltd
7
.875
05/29/30
1,547,525
1,500,000
(a)
IHS Holding Ltd
8
.250
11/29/31
1,566,713
2,500,000
(a)
IRB Infrastructure Developers Ltd
7
.110
03/11/32
2,556,066
21
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CAPITAL GOODS
(continued)
1,275,000
(a)
Sisecam UK PLC
8
.625
%
05/02/32
$
1,291,761
2,000,000
(a),(g)
Sisecam UK PLC
8
.375
01/23/33
2,008,307
1,200,000
(a)
Sociedad Quimica y Minera de Chile SA
6
.500
11/07/33
1,280,687
TOTAL CAPITAL GOODS
17,820,806
COMMERCIAL & PROFESSIONAL SERVICES - 0.2%
1,275,000
(a)
Bidvest Group UK PLC/The
6
.200
09/17/32
1,281,947
1,500,000
(a)
RR Donnelley & Sons Co
9
.500
08/01/29
1,555,538
TOTAL COMMERCIAL & PROFESSIONAL SERVICES
2,837,485
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 0.5%
1,515,000
Amazon.com Inc
4
.875
03/13/36
1,496,779
790,000
Amazon.com Inc
5
.800
03/13/56
790,754
2,750,000
(a)
El Puerto de Liverpool SAB de CV
5
.750
02/10/38
2,623,500
2,000,000
(a)
Kohl's Corp
10
.000
06/01/30
2,174,744
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
7,085,777
CONSUMER SERVICES - 0.2%
2,000,000
(a)
Arcos Dorados BV
6
.375
01/29/32
2,070,000
800,000
Sands China Ltd
3
.250
08/08/31
734,815
TOTAL CONSUMER SERVICES
2,804,815
ENERGY - 3.6%
1,200,000
(a)
Azule Energy Finance Plc
8
.625
01/22/33
1,230,739
100,000
Ecopetrol SA
5
.875
05/28/45
75,171
575,000
Ecopetrol SA
6
.875
04/29/30
576,690
450,000
(g)
Ecopetrol SA
4
.625
11/02/31
404,744
1,000,000
Ecopetrol SA
5
.875
11/02/51
727,413
1,939,831
(a)
EIG Pearl Holdings Sarl
3
.545
08/31/36
1,771,354
826,000
(a)
Energean Israel Finance Ltd, Reg S
5
.375
03/30/28
815,525
1,000,000
(a)
Energean Israel Finance Ltd, Reg S
5
.875
03/30/31
955,486
2,470,000
(e),(h)
Energy Transfer LP
7
.125
N/A
2,549,932
2,100,000
(a)
Esentia Energy Development SAB de CV
6
.125
07/30/33
2,096,850
1,700,000
(a)
Galaxy Pipeline Assets Bidco Ltd
2
.625
03/31/36
1,487,423
1,000,000
(a)
Global Partners LP / GLP Finance Corp
8
.250
01/15/32
1,049,460
3,000,000
(a)
Indika Energy Tbk PT
8
.750
05/07/29
3,037,582
500,000
(a)
Medco Laurel Tree Pte Ltd
6
.950
11/12/28
501,836
500,000
(a)
Medco Maple Tree Pte Ltd
8
.960
04/27/29
518,034
1,325,000
ONEOK Inc
5
.050
11/01/34
1,304,528
2,000,000
(a)
Pan American Energy LLC/Argentina
7
.750
01/15/37
2,064,000
2,000,000
Petrobras Global Finance BV
5
.125
09/10/30
1,976,000
1,950,000
Petrobras Global Finance BV
6
.250
01/10/36
1,937,812
200,000
(a)
Petroleos del Peru SA
4
.750
06/19/32
169,000
3,000,000
Petroleos Mexicanos
8
.750
06/02/29
3,224,620
1,490,000
Petroleos Mexicanos
6
.700
02/16/32
1,501,843
100,000
Petroleos Mexicanos
6
.750
09/21/47
84,188
559,000
Petroleos Mexicanos
7
.690
01/23/50
511,510
560,000
(a)
Petronas Capital Ltd
4
.950
01/03/31
570,875
2,400,000
(a)
Petronas Capital Ltd
5
.340
04/03/35
2,476,423
1,500,000
(a)
Raizen Fuels Finance SA
5
.700
01/17/35
866,250
1,575,000
(a)
SIERRACOL EN AND/ARA/DEV
9
.000
11/14/30
1,590,561
1,200,000
(a)
Solaris Energy Infrastructure LLC
6
.375
05/15/31
1,218,777
1,993,000
(h)
South Bow Canadian Infrastructure Holdings Ltd
7
.500
03/01/55
2,127,017
3,570,000
(a),(e),(h)
Sunoco LP
7
.875
N/A
3,728,460
1,250,000
Targa Resources Corp
5
.550
08/15/35
1,270,590
1,780,000
(h)
Transcanada Trust
5
.500
09/15/79
1,771,089
1,750,000
(a)
Transportadora de Gas del Sur SA
7
.750
11/20/35
1,794,852
2,000,000
(a),(e),(g),(h)
Venture Global LNG Inc
9
.000
N/A
1,975,095
TOTAL ENERGY
49,961,729
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 1.5%
517,545
(a)
CFE FIBRA E
5
.875
09/23/40
503,467
1,440,000
(a)
FIBRA Prologis
5
.500
11/26/35
1,402,776
3,000,000
(a)
Fibra SOMA Trust F/6185
7
.125
05/28/36
2,980,500
1,200,000
Healthcare Realty Holdings LP
2
.000
03/15/31
1,051,413
3,540,000
Healthcare Realty Holdings LP
2
.400
03/15/30
3,236,367
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
22
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
(continued)
2,250,000
Healthcare Realty Holdings LP
2
.050
%
03/15/31
$
1,959,422
1,050,000
(a)
Millrose Properties Inc
6
.250
09/15/32
1,054,740
1,500,000
(a)
MPT Operating Partnership LP / MPT Finance Corp
8
.500
02/15/32
1,561,799
1,000,000
Phillips Edison Grocery Center Operating Partnership I LP
5
.750
07/15/34
1,035,749
4,085,000
Piedmont Operating Partnership LP
9
.250
07/20/28
4,448,839
2,335,000
Ventas Realty LP
5
.000
01/15/35
2,298,614
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
21,533,686
FINANCIAL SERVICES - 3.2%
1,354,000
(h)
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
6
.950
03/10/55
1,403,463
1,500,000
(a)
Azorra Finance Ltd
7
.750
04/15/30
1,558,848
1,575,000
(a)
Banco BTG Pactual SA/Cayman Islands
5
.500
01/27/31
1,562,400
EUR
3,000,000
(e),(f)
Deutsche Bank AG, Reg S
7
.125
N/A
3,693,858
1,000,000
(a)
Encore Capital Group Inc
6
.625
04/15/31
1,008,284
1,955,000
(e),(g),(h)
Goldman Sachs Group Inc/The
7
.500
N/A
2,057,084
3,000,000
(e),(h)
Goldman Sachs Group Inc/The
6
.850
N/A
3,076,500
5,680,000
(h)
HA Sustainable Infrastructure Capital Inc
7
.125
11/15/56
5,740,072
2,355,000
(h)
HA Sustainable Infrastructure Capital Inc
8
.000
06/01/56
2,514,101
14,286
(a),(b)
Hestia Re Ltd (SOFR + 0.100%)
3
.610
04/22/29
7,143
2,000,000
Icahn Enterprises LP / Icahn Enterprises Finance Corp
4
.375
02/01/29
1,731,675
1,220,000
JPMorgan Chase & Co
5
.103
04/22/31
1,240,276
2,000,000
(e),(f)
Julius Baer Group Ltd, Reg S
7
.500
N/A
2,081,786
4,340,000
Morgan Stanley
5
.664
04/17/36
4,466,570
2,000,000
(a)
Muthoot Finance Ltd
6
.375
04/23/29
2,016,176
1,650,000
(a)
Muthoot Finance Ltd
5
.750
08/04/30
1,628,212
3,429,000
(e),(f)
Nomura Holdings Inc
7
.000
N/A
3,535,059
1,970,000
(e),(h)
State Street Corp
6
.700
N/A
2,025,520
2,060,000
(a),(e),(f)
UBS Group AG
9
.250
N/A
2,378,369
1,000,000
(e),(h)
Voya Financial Inc
7
.758
N/A
1,036,145
TOTAL FINANCIAL SERVICES
44,761,541
FOOD, BEVERAGE & TOBACCO - 1.4%
1,275,000
(a)
Arcor SAIC
7
.600
07/31/33
1,319,906
2,500,000
(a)
Bimbo Bakeries USA Inc
6
.050
01/15/29
2,570,048
1,200,000
(a)
Cia Cervecerias Unidas SA
3
.350
01/19/32
1,091,844
2,000,000
(a)
Grupo Nutresa SA
8
.000
05/12/30
2,102,545
1,725,000
Kraft Heinz Foods Co
3
.875
05/15/27
1,719,190
2,730,000
(a),(e),(h)
Land O' Lakes Inc
8
.000
N/A
2,702,700
790,000
(a)
Maple Parent Holdings Corp
4
.750
03/26/29
789,837
1,125,000
(a)
Maple Parent Holdings Corp
6
.625
03/26/56
1,172,275
2,240,000
(a)
Mars Inc
5
.200
03/01/35
2,255,080
2,885,000
(a)
Mars Inc
5
.700
05/01/55
2,845,938
650,000
(a),(i)
Minerva Luxembourg SA
7
.500
04/22/36
624,325
TOTAL FOOD, BEVERAGE & TOBACCO
19,193,688
HEALTH CARE EQUIPMENT & SERVICES - 1.1%
2,500,000
(a)
Auna SA / Oncosalud SAC
8
.750
11/06/32
2,505,000
2,550,000
CVS Health Corp
5
.050
03/25/48
2,237,589
1,800,000
CVS Health Corp
5
.450
09/15/35
1,821,864
4,055,000
(a)
LifePoint Health Inc
7
.000
05/01/34
3,959,535
1,500,000
(a),(g)
Rede D'or Finance Sarl
6
.450
09/09/35
1,472,812
1,800,000
UnitedHealth Group Inc
5
.050
04/15/53
1,610,207
1,825,000
UnitedHealth Group Inc
5
.500
07/15/44
1,788,095
TOTAL HEALTH CARE EQUIPMENT & SERVICES
15,395,102
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
990,000
Haleon US Capital LLC
3
.625
03/24/32
930,167
TOTAL HOUSEHOLD & PERSONAL PRODUCTS
930,167
INSURANCE - 1.4%
1,600,000
(a),(h)
Allianz SE
6
.350
09/06/53
1,667,242
1,610,000
(a)
APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC /
APH3 Somerset Inves
7
.875
11/01/29
1,616,037
655,000
Arthur J Gallagher & Co
5
.150
02/15/35
650,350
1,500,000
(a)
Asurion LLC/ Asurion Co-Issuer Inc
8
.375
02/01/34
1,466,020
2,835,000
(h)
AXIS Specialty Finance LLC
4
.900
01/15/40
2,764,504
23
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INSURANCE
(continued)
1,485,000
(h)
Enstar Finance LLC
5
.500
%
01/15/42
$
1,463,817
2,424,000
(a),(h)
Enstar Group Ltd
7
.500
04/01/45
2,538,313
2,900,000
(h)
Prudential Financial Inc
6
.500
03/15/54
2,986,475
1,000,000
(a),(b)
Vitality Re XIV Ltd (Federated Hermes U.S. Treasury Cash
Reserves + 3.500%)
7
.812
01/05/27
1,008,500
1,000,000
(a),(b)
Vitality Re XV Ltd ( + 2.500%)
0
.000
01/07/28
1,007,300
1,500,000
(a),(b)
Vitality Re XVI Ltd (3-Month U.S. Treasury Bill + 1.750%)
6
.049
01/08/29
1,490,550
1,000,000
(a),(b)
Vitality Re XVII Ltd (FTIXX + 2.000%)
0
.000
01/08/30
998,600
TOTAL INSURANCE
19,657,708
MATERIALS - 1.2%
$
1,700,000
(a)
Alpek SAB de CV
4
.250
09/18/29
1,595,579
950,000
(a)
Antofagasta PLC
5
.625
09/09/35
957,307
1,275,000
(a),(e),(h)
Cemex SAB de CV
7
.200
N/A
1,311,847
1,025,000
(a)
Corp Nacional del Cobre de Chile
6
.440
01/26/36
1,090,557
1,750,000
(a)
Corp Nacional del Cobre de Chile
6
.330
01/13/35
1,843,660
1,120,000
(a)
Freeport Indonesia PT
5
.315
04/14/32
1,118,873
1,525,000
(a)
LD Celulose International GmbH
7
.950
01/26/32
1,591,221
1,025,000
(a)
OCP SA
3
.750
06/23/31
945,723
500,000
(a)
OCP SA
6
.700
03/01/36
519,683
2,000,000
(a)
Sasol Financing USA LLC
8
.750
05/03/29
2,119,082
1,500,000
Suzano Austria GmbH
3
.125
01/15/32
1,336,656
1,435,000
Suzano Netherlands BV
5
.500
01/15/36
1,395,492
800,000
UPL Corp Ltd, Reg S
4
.625
06/16/30
744,163
750,000
(a),(g)
Volcan Cia Minera SAA
8
.500
10/28/32
771,750
TOTAL MATERIALS
17,341,593
MEDIA & ENTERTAINMENT - 0.9%
4,080,000
(a)
Directv Financing LLC / Directv Financing Co-Obligor Inc
9
.250
06/01/32
4,188,648
1,200,000
(a)
Gray Media Inc
7
.250
08/15/33
1,189,473
2,500,000
Grupo Televisa SAB
6
.125
01/31/46
1,926,776
1,090,000
Meta Platforms Inc
5
.625
11/15/55
1,005,079
670,000
Meta Platforms Inc
6
.200
05/15/46
677,406
1,235,000
Meta Platforms Inc
6
.300
05/15/56
1,246,128
1,780,000
(a)
OAK-Eagle Acquireco Inc
7
.250
07/01/33
1,856,267
TOTAL MEDIA & ENTERTAINMENT
12,089,777
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.3%
1,225,000
Amgen Inc
5
.650
03/02/53
1,190,919
1,100,000
Augusta SpinCo Corp
4
.945
03/23/33
1,096,617
1,745,000
Augusta SpinCo Corp
5
.245
03/23/36
1,744,375
700,000
Viatris Inc
4
.000
06/22/50
478,932
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
4,510,843
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
865,000
Broadcom Inc
4
.300
01/15/31
855,287
725,000
Broadcom Inc
4
.950
01/15/36
716,453
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
1,571,740
SOFTWARE & SERVICES - 0.2%
825,000
Oracle Corp
5
.200
09/26/35
785,721
355,000
Oracle Corp
5
.950
09/26/55
310,428
1,225,000
Oracle Corp
5
.700
02/04/36
1,203,532
TOTAL SOFTWARE & SERVICES
2,299,681
TELECOMMUNICATION SERVICES - 1.8%
4,070,000
AT&T Inc
3
.800
12/01/57
2,765,530
500,000
AT&T Inc
5
.850
04/30/46
488,262
2,000,000
(a)
Cipher Compute LLC
7
.125
11/15/30
2,084,902
1,500,000
(a)
Connect Holding II LLC
10
.500
04/03/31
1,527,378
775,000
(a)
CT Trust
5
.125
02/03/32
739,094
750,000
(a)
HUT 8 DC LLC
6
.192
11/15/42
758,947
1,900,000
(a)
Level 3 Financing Inc
6
.875
06/30/33
1,957,061
980,000
(a)
Level 3 Financing Inc
7
.500
02/15/37
1,010,085
907,000
(a)
Liberty Costa Rica Senior Secured Finance
10
.875
01/15/31
955,751
2,544,000
(h)
Rogers Communications Inc
7
.125
04/15/55
2,638,033
1,375,000
(a)
Sitios Latinoamerica SAB de CV
5
.375
04/04/32
1,371,270
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
24
PRINCIPAL
DESCRIPTION
VALUE
MATURITY
VALUE
TELECOMMUNICATION SERVICES
(continued)
$
1,450,000
(a),(i)
STC Sukuk Co II Ltd
4
.489
%
01/15/31
$
1,431,767
1,500,000
(a),(g)
Telecommunications co Telekom Srbija AD Belgrade
7
.250
05/18/31
1,498,193
2,250,000
(a)
Turk Telekomunikasyon AS
6
.950
10/07/32
2,218,570
1,000,000
(a)
Veon Midco BV
3
.375
11/25/27
983,506
1,475,000
(a),(i)
Veon Midco BV
7
.450
06/01/33
1,476,224
1,212,210
(a)
Zayo Group Holdings Inc, (cash 5.750%, PIK 0.500%)
9
.250
03/09/30
1,213,725
TOTAL TELECOMMUNICATION SERVICES
25,118,298
TRANSPORTATION - 0.7%
500,000
(a)
Adani Ports & Special Economic Zone Ltd
3
.100
02/02/31
452,558
1,096,630
American Airlines 2021-1 Class A Pass Through Trust2021 2021
2
.875
07/11/34
978,428
550,000
(a)
Corp Quiport SA
9
.000
12/15/37
598,036
1,500,000
(a)
Grupo Aeromexico SAB de CV
8
.250
11/15/29
1,523,820
975,000
(a)
Kingston Airport Revenue Finance Ltd
6
.750
12/15/36
984,760
1,500,000
(a)
Latam Airlines Group SA
7
.625
01/07/31
1,553,445
2,575,000
(a)
Montego Bay Airport Revenue Finance Ltd
6
.600
06/15/35
2,553,318
1,500,000
(a)
Transnet/South Africa
8
.250
02/06/28
1,565,406
TOTAL TRANSPORTATION
10,209,771
UTILITIES - 3.8%
2,900,000
(h)
AES Corp/The
6
.950
07/15/55
2,859,589
1,177,038
(a)
Alfa Desarrollo SpA2021 1
4
.550
09/27/51
927,627
2,625,000
(a)
Colbun SA
5
.375
09/11/35
2,586,980
2,000,000
(a)
Comision Federal de Electricidad
3
.348
02/09/31
1,798,169
1,400,000
(a)
Comision Federal de Electricidad
0
.000
01/28/34
1,373,400
775,000
Consumers Energy Co
4
.500
01/15/31
772,254
1,411,125
(a)
Continuum Green Energy India Pvt / Co-Issuers
7
.500
06/26/33
1,452,621
2,250,000
(a),(g)
COX Asset Mexico SA de CV
7
.750
05/08/36
2,317,500
725,000
Cumberland Combined Cycle Generation LLC
5
.821
05/15/56
740,022
2,000,000
(h)
Dominion Energy Inc
7
.000
06/01/54
2,129,225
1,200,000
DTE Electric Co
5
.850
05/15/55
1,218,975
500,000
DTE Electric Co
5
.200
03/01/34
511,097
2,675,000
Duke Energy Progress LLC
5
.350
03/15/53
2,523,556
2,425,000
Duke Energy Progress LLC
5
.050
03/15/35
2,432,076
800,000
(a)
Empresas Publicas de Medellin ESP
4
.375
02/15/31
724,213
1,000,000
(a)
Energuate Trust 2 0
6
.350
09/15/35
996,958
525,000
Entergy Louisiana LLC
4
.900
04/15/36
512,368
950,000
(a)
Eskom Holdings
6
.350
08/10/28
968,748
2,225,000
(h)
EUSHI Finance Inc
7
.625
12/15/54
2,317,264
1,900,000
(a)
Ferrellgas LP / Ferrellgas Finance Corp
5
.875
04/01/29
1,863,374
1,425,000
(a),(g)
Generadora de Gatun SA
6
.874
09/30/44
1,461,593
650,000
Idaho Power Co
4
.850
03/01/36
635,376
1,475,000
(a)
Israel Electric Corp Ltd, Reg S
5
.633
01/28/38
1,471,158
1,300,000
(a)
Kallpa Generacion SA
5
.500
09/11/35
1,282,450
1,575,000
(a)
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
5
.450
02/03/36
1,533,459
2,500,000
(h)
PG&E Corp
7
.375
03/15/55
2,545,956
1,700,000
(a)
Renew Treasury Ifsc Pvt Ltd
6
.500
02/02/31
1,688,816
1,500,000
(a)
ReNew Wind Energy AP2 / ReNew Power Pvt Ltd other 9
Subsidiaries
4
.500
07/14/28
1,453,825
1,500,000
(a)
Saavi Energia Sarl
8
.875
02/10/35
1,628,820
670,598
(a)
Sweihan PV Power Co PJSC2022 1
3
.625
01/31/49
550,030
2,250,000
(a)
Talen Energy Supply LLC
6
.500
02/01/36
2,262,688
514,406
(a)
UEP Penonome II SA2020 1
6
.500
10/01/38
461,422
3,479,000
(a),(e),(h)
Vistra Corp
8
.875
N/A
3,742,256
2,255,000
Wisconsin Public Service Corp
4
.250
01/15/31
2,228,964
TOTAL UTILITIES
53,972,829
TOTAL CORPORATE BONDS
(Cost $468,901,518)
471,117,853
25
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED SECURITIES - 27.4%
–
$
1,422,000
(b)
3650R 2021-PF1 Commercial Mortgage Trust, Series 2022 PF2
5
.291
%
11/15/55
$
1,390,497
2,000,000
(a),(b)
Alen 2021-ACEN Mortgage Trust, Series 2021 ACEN, (TSFR1M
+ 4.114%)
7
.742
04/15/34
1,534,500
2,000,000
(a)
Angel Oak Mortgage Trust, Series 2025 12
5
.767
12/25/70
1,981,272
2,500,000
(a),(b)
ARDN 2025-ARCP Mortgage Trust, Series 2025 ARCP, (TSFR1M
+ 1.750%)
5
.377
06/15/35
2,508,500
2,500,000
(a),(b)
ARDN 2025-ARCP Mortgage Trust, Series 2025 ARCP, (TSFR1M
+ 3.000%)
6
.627
06/15/35
2,505,625
3,000,000
(a),(b)
ARDN 2025-ARCP Mortgage Trust, Series 2025 ARCP, (TSFR1M
+ 4.500%)
8
.127
06/15/35
3,006,973
202,995
(a),(b)
Arroyo Mortgage Trust 2019-3, Series 2019 3
3
.416
10/25/48
196,504
3,500,000
(a),(b)
BAMLL Trust 2025-ASHF, Series 2025 ASHF, (TSFR1M +
2.350%)
5
.978
02/15/42
3,514,150
1,200,000
(b)
BANK, Series 2017 BNK5
4
.190
06/15/60
1,155,804
2,500,000
(b)
BANK 2017-BNK8, Series 2017 BNK8
4
.089
11/15/50
2,135,221
2,700,000
(b)
BANK 2019-BNK18, Series 2019 BN18
4
.214
05/15/62
2,275,643
2,000,000
(a)
BANK 2019-BNK21, Series 2019 BN21
2
.500
10/17/52
1,491,588
4,000,000
BANK 2025-BNK51, Series 2025 BNK51
5
.544
12/25/67
4,042,020
2,000,000
(b)
BANK5 2024-5YR5
6
.539
02/15/29
2,055,887
3,750,000
Barclays Commercial Mortgage Trust 2019-C4, Series 2019 C4
3
.469
08/15/52
3,104,377
2,000,000
(b)
BBCMS Mortgage Trust 2022-C16, Series 2022 C16
4
.600
06/15/55
1,894,742
3,925,000
(a),(b)
BBCMS Trust 2015-SRCH, Series 2015 SRCH
4
.957
08/10/35
3,670,211
3,000,000
(a),(b)
BBCMS Trust 2018-CBM, Series 2018 CBM, (TSFR1M + 1.488%)
6
.817
07/15/37
2,844,714
3,400,000
(b)
Benchmark 2018-B1 Mortgage Trust, Series 2018 B1
4
.200
01/15/51
2,810,838
3,750,000
(b)
Benchmark 2018-B2 Mortgage Trust, Series 2018 B2
4
.290
02/15/51
2,528,632
3,500,000
(b)
Benchmark 2018-B3 Mortgage Trust, Series 2018 B3
4
.553
04/10/51
3,005,917
3,837,000
(b)
Benchmark 2019-B10 Mortgage Trust, Series 2019 B10
4
.180
03/15/62
3,545,792
3,750,000
(b)
Benchmark 2019-B14 Mortgage Trust, Series 2019 B14
3
.772
12/15/62
2,687,116
1,000,000
(a)
Benchmark 2019-B14 Mortgage Trust, Series 2019 B14
2
.500
12/15/62
411,732
1,500,000
Benchmark 2019-B14 Mortgage Trust, Series 2019 B14
3
.493
12/15/62
1,229,043
2,500,000
(b)
Benchmark 2019-B15 Mortgage Trust, Series 2019 B15
3
.713
12/15/72
2,020,585
5,000,000
Benchmark 2019-B15 Mortgage Trust, Series 2019 B15
3
.564
12/15/72
4,293,844
4,000,000
(b)
Benchmark 2019-B9 Mortgage Trust, Series 2019 B9
4
.971
03/15/52
3,494,561
1,750,000
Benchmark 2019-B9 Mortgage Trust, Series 2019 B9
4
.267
03/15/52
1,678,849
1,000,000
(a),(b)
Benchmark 2020-IG2 Mortgage Trust, Series 2020 IG2
2
.791
09/15/48
831,439
1,000,000
(a),(b)
Benchmark 2020-IG3 Mortgage Trust, Series 2020 IG3
3
.536
09/15/48
984,562
2,250,000
Benchmark 2021-B23 Mortgage Trust, Series 2021 B23
2
.095
02/15/54
1,725,080
2,000,000
Benchmark Mortgage Trust Series - 2019 B12 (Class C)
3
.873
08/15/52
1,666,152
1,500,000
(b)
BMO 2024-C9 Mortgage Trust, Series 2024 C9
6
.340
07/15/57
1,540,243
2,000,000
(a),(b)
BPR 2023-STON Mortgage Trust, Series 2023 STON
7
.871
12/05/39
2,058,178
3,000,000
(a),(b)
BSST 2022-1700 Mortgage Trust, Series 2022 1700, (TSFR1M
+ 1.300%)
4
.928
02/15/37
2,671,169
2,500,000
(a),(b)
BX Commercial Mortgage Trust 2024-BRBK, Series 2024 BRBK,
(TSFR1M + 4.874%)
8
.499
10/15/41
2,502,467
1,250,000
(a),(b),(i)
BX Commercial Mortgage Trust 2026-AHP, Series 2026 AHP,
(TSFR1M + 2.650%)
6
.250
06/15/43
1,254,973
3,000,000
(a),(b)
BX Commercial Mortgage Trust 2026-ALOHA, Series 2026
ALOHA, (TSFR1M + 2.150%)
5
.777
04/15/43
3,010,404
2,119,907
(a),(b)
BX Commercial Mortgage Trust 2026-LP3, Series 2026 LP3,
(TSFR1M + 2.350%)
5
.977
04/15/43
2,134,130
2,200,000
(a),(b)
BX Trust, Series 2025 DELC, (TSFR1M + 3.050%)
6
.677
12/15/42
2,211,680
2,400,000
(a),(b)
BX Trust 2025-OMG, Series 2025 OMG, (TSFR1M + 2.400%)
6
.028
10/15/42
2,392,177
3,240,000
(b)
BX Trust 2026-OPTM, Series 2026 OPTM, (TSFR1M + 2.000%)
5
.750
03/15/39
3,242,742
3,500,000
(b)
Cantor Commercial Real Estate Lending 2019-CF1, Series 2019
CF1
4
.352
05/15/52
2,888,955
705,000
(b)
CD 2016-CD1 Mortgage Trust, Series 2016 CD1
3
.631
08/10/49
401,564
2,000,000
(b)
CD Mortgage Trust, Series 2017 CD3
3
.984
02/10/50
1,346,439
47,824
(a),(b)
CF 2020-P1 Mortgage Trust, Series 2020 P1
2
.840
04/15/52
47,558
750,000
(a),(b)
CF 2020-P1 Mortgage Trust, Series 2020 P1
3
.603
04/15/52
696,831
3,500,000
(a),(b)
CIP Commercial Mortgage Trust 2025-SBAY, Series 2025 SBAY,
(TSFR1M + 2.300%)
6
.400
10/15/37
3,518,294
430,841
(a),(b)
Citigroup Commercial Mortgage Trust 2014-GC23, Series 2014
GC23
4
.599
07/10/47
414,082
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
26
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED SECURITIES
(continued)
$
1,690,000
(b)
Citigroup Commercial Mortgage Trust 2015-GC29, Series 2015
GC29
3
.974
%
04/10/48
$
1,513,347
1,345,803
(b)
Citigroup Commercial Mortgage Trust 2015-GC29, Series 2015
GC29
3
.758
04/10/48
1,299,922
4,000,000
(b)
Citigroup Commercial Mortgage Trust 2016-P3, Series 2016 P3
4
.271
04/15/49
3,917,336
2,500,000
(b)
Citigroup Commercial Mortgage Trust 2017-C4, Series 2017
C4
4
.136
10/12/50
2,406,176
2,260,000
(b)
Citigroup Commercial Mortgage Trust 2017-P8, Series 2017 P8
4
.254
09/15/50
1,877,420
1,574,000
Citigroup Commercial Mortgage Trust 2019-GC41, Series 2019
GC41
3
.502
08/10/56
1,353,189
2,000,000
(a),(b)
COLT 2025-11 Mortgage Loan Trust, Series 2025 11
5
.952
11/25/70
1,986,530
1,500,000
(a),(b)
COLT 2026-4 Mortgage Loan Trust, Series 2026 4
5
.878
06/25/71
1,499,032
1,686,031
COMM 2014-CCRE17 Mortgage Trust, Series 2014 CR17
4
.377
05/10/47
1,677,917
507,276
(b)
COMM 2014-CR14 Mortgage Trust, Series 2014 CR14
3
.190
02/10/47
501,719
2,000,000
(a),(b)
COMM 2014-UBS3 Mortgage Trust, Series 2014 UBS3
4
.767
06/10/47
1,189,980
2,000,000
(b)
COMM 2014-UBS3 Mortgage Trust, Series 2014 UBS3
4
.583
06/10/47
1,858,731
2,000,000
(a),(b)
COMM 2015-CCRE22 Mortgage Trust, Series 2015 CR22
3
.000
03/10/48
1,099,400
1,840,000
(b)
COMM 2015-CCRE22 Mortgage Trust, Series 2015 CR22
3
.686
03/10/48
1,691,751
232,670
(b)
COMM 2015-CCRE24 Mortgage Trust, Series 2015 CR24
4
.190
08/10/48
227,578
1,500,000
(b)
COMM 2015-CCRE24 Mortgage Trust, Series 2015 CR24
3
.463
08/10/48
1,386,735
51,147
(b)
COMM 2015-CCRE25 Mortgage Trust, Series 2015 CR25
3
.768
08/10/48
50,026
3,000,000
(b)
COMM 2015-CCRE26 Mortgage Trust, Series 2015 CR26
4
.681
10/10/48
2,832,029
1,618,619
(b)
COMM 2015-LC23 Mortgage Trust, Series 2015 LC23
4
.685
10/10/48
1,567,383
4,000,000
(b)
COMM 2018-COR3 Mortgage Trust, Series 2018 COR3
4
.515
05/10/51
3,470,639
2,500,000
(b)
COMM 2019-GC44 Mortgage Trust, Series 2019 GC44
3
.514
08/15/57
2,067,790
4,500,000
(a),(b)
Connecticut Avenue Securities Trust 2022-R03, Series 2022
R03, (SOFR30A + 9.850%)
14
.823
03/25/42
4,796,596
5,000,000
(a),(b)
Connecticut Avenue Securities Trust 2022-R04, Series 2022
R04, (SOFR30A + 9.500%)
14
.837
03/25/42
5,317,504
6,000,000
(a),(b)
Connecticut Avenue Securities Trust 2022-R06, Series 2022
R06, (SOFR30A + 10.600%)
15
.334
05/25/42
6,523,212
4,000,000
(a),(b)
Connecticut Avenue Securities Trust 2022-R07, Series 2022
R07, (SOFR30A + 12.000%)
15
.612
06/25/42
4,434,748
5,000,000
(a),(b)
Connecticut Avenue Securities Trust 2023-R04, Series 2023
R04, (SOFR30A + 8.250%)
11
.862
05/25/43
5,628,656
1,415,000
(a),(b)
Connecticut Avenue Securities Trust 2023-R05, Series 2023
R05, (SOFR30A + 6.850%)
10
.462
06/25/43
1,561,396
5,000,000
(a),(b)
Connecticut Avenue Securities Trust 2023-R06, Series 2023
R06, (SOFR30A + 3.900%)
9
.188
07/25/43
5,235,995
6,000,000
(a),(b)
Connecticut Avenue Securities Trust 2023-R06, Series 2023
R06, (SOFR30A + 5.900%)
9
.512
07/25/43
6,518,432
6,000,000
(a),(b)
Connecticut Avenue Securities Trust 2023-R08, Series 2023
R08, (SOFR30A + 3.550%)
7
.162
10/25/43
6,263,531
1,900,000
CSAIL 2019-C17 Commercial Mortgage Trust, Series 2019 C17
3
.480
09/15/52
1,676,461
3,960,633
(a),(b)
CSMC 2021-INV2 Trust, Series 2021 INV2
3
.282
11/25/56
3,279,871
1,000,000
(a),(b)
CSMC 2021-NQM1, Series 2021 NQM1
2
.130
05/25/65
780,766
3,500,000
(b)
CSMC Trust 2016-NXSR, Series 2016 NXSR
4
.422
12/15/49
3,391,395
1,871,000
(b)
CSMC Trust 2016-NXSR, Series 2016 NXSR
4
.251
12/15/49
1,826,276
1,072,714
DBJPM 2016-C3 Mortgage Trust, Series 2016 C3
3
.264
08/10/49
1,035,538
1,300,000
(a),(b)
DBSG 2024-ALTA Mortgage Trust, Series 2024 ALTA
7
.296
06/10/37
1,305,822
30,450,000
(a),(b)
DOLP Trust 2021-NYC, Series 2021 NYC, (I/O)
0
.665
05/10/41
771,538
5,483,418
Fannie Mae Pool, FN MA5107
5
.500
08/01/53
5,527,496
6,002,967
Fannie Mae Pool, FN MA5353
5
.500
05/01/54
6,035,461
125,165
(b)
Fannie Mae REMICS, Series 2013 98, (SOFR30A + 5.836%),
(I/O)
2
.223
09/25/43
11,269
1,765,365
(a),(b)
Flagstar Mortgage Trust 2021-11INV, Series 2021 11IN
3
.449
11/25/51
1,452,598
6,000,000
(a),(b)
Freddie Mac STACR REMIC Trust 2022-DNA1, Series 2022
DNA1, (SOFR30A + 7.100%)
10
.712
01/25/42
6,216,481
6,000,000
(a),(b)
Freddie Mac STACR REMIC Trust 2022-DNA2, Series 2022
DNA2, (SOFR30A + 8.500%)
13
.788
02/25/42
6,297,695
6,000,000
(a),(b)
Freddie Mac STACR REMIC Trust 2022-DNA3, Series 2022
DNA3, (SOFR30A + 9.750%)
15
.087
04/25/42
6,411,656
27
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED SECURITIES
(continued)
$
1,980,305
(b)
Government National Mortgage Association, Series 2023 111,
(SOFR30A + 23.205%)
9
.067
%
08/20/53
$
2,103,324
1,239,315
(b)
Government National Mortgage Association, Series 2023 96,
(SOFR30A + 26.100%)
10
.331
07/20/53
1,289,048
1,081,000
(a),(b)
GS Mortgage Securities Corp Trust 2018-TWR, Series 2018
TWR, (LIBOR 1 M + 1.497%)
3
.449
07/15/31
334,840
1,500,000
(a),(b)
GS Mortgage Securities Corp Trust 2018-TWR, Series 2018
TWR, (TSFR1M + 1.897%)
5
.525
07/15/31
157,484
1,000,000
(b)
GS Mortgage Securities Trust 2016-GS3, Series 2016 GS3
3
.913
10/10/49
977,254
3,275,000
(b)
GS Mortgage Securities Trust 2016-GS4, Series 2016 GS4
3
.869
11/10/49
3,132,479
2,300,000
GS Mortgage Securities Trust 2017-GS7, Series 2017 GS7
4
.236
08/10/50
2,107,992
1,500,000
(b)
GS Mortgage Securities Trust 2018-GS10, Series 2018 GS10
4
.547
07/10/51
1,406,508
6,000,000
(b)
GS Mortgage Securities Trust 2018-GS9, Series 2018 GS9
4
.342
03/10/51
5,218,008
1,425,000
(b)
GS Mortgage Securities Trust 2019-GC38, Series 2019 GC38
4
.158
02/10/52
1,385,991
1,000,000
GS Mortgage Securities Trust 2020-GSA2, Series 2020 GSA2
2
.012
12/12/53
877,860
6,240,014
(a),(b)
GS Mortgage-Backed Securities Trust 2022-PJ1, Series 2022
PJ1
2
.829
05/28/52
5,204,645
3,000,000
(a),(b)
Houston Galleria Mall Trust 2025-HGLR, Series 2025 HGLR
5
.462
02/05/45
3,073,906
3,000,000
(a),(b)
HTL Commercial Mortgage Trust 2024-T53, Series 2024 T53
7
.088
05/10/39
3,027,119
3,100,000
(a),(b)
Hudson Yards 2019-30HY Mortgage Trust, Series 2019 30HY
3
.443
07/10/39
2,827,287
1,500,000
(a),(b)
ILPT Commercial Mortgage Trust 2025-LPF2, Series 2025 LPF2
5
.829
07/13/42
1,508,894
254,661
(b)
Impac Secured Assets CMN Owner Trust, Series 2000 3
8
.000
10/25/30
239,869
145,538
(a),(b)
Imperial Fund Mortgage Trust 2020-NQM1, Series 2020 NQM1
2
.051
10/25/55
139,985
2,000,000
(a),(b)
Imperial Fund Mortgage Trust 2020-NQM1, Series 2020 NQM1
3
.531
10/25/55
1,893,232
450,000
(a),(b)
Imperial Fund Mortgage Trust 2021-NQM1, Series 2021 NQM1
2
.383
06/25/56
341,789
2,348,187
(a),(b)
J.P. Morgan Chase Commercial Mortgage Securities Trust
2022-NLP, Series 2022 NLP, (TSFR1M + 2.858%)
7
.918
04/15/37
2,292,153
939,275
(a),(b)
J.P. Morgan Chase Commercial Mortgage Securities Trust
2022-NLP, Series 2022 NLP, (TSFR1M + 1.730%)
5
.389
04/15/37
921,247
4,572,211
(a),(b)
J.P. Morgan Mortgage Trust 2022-LTV2, Series 2022 LTV2
3
.664
09/25/52
3,928,813
120,018
(b)
JP Morgan Alternative Loan Trust 2007-S1, Series 2007 S1,
(TSFR1M + 0.674%)
4
.259
04/25/47
116,607
2,000,000
(a)
JP Morgan Chase Commercial Mortgage Securities Trust 2020-
NNN, Series 2020 NNN
3
.065
01/16/37
1,628,550
2,227,706
(a),(b)
JP Morgan Mortgage Trust, Series 2025 10
6
.382
05/25/56
2,270,054
1,272,110
(a),(b)
JP Morgan Mortgage Trust 2020-INV1, Series 2020 INV1
4
.186
08/25/50
1,130,555
1,500,000
(b)
JPMBB Commercial Mortgage Securities Trust 2015-C31,
Series 2015 C31
4
.533
08/15/48
1,415,898
2,500,000
(b)
JPMBB Commercial Mortgage Securities Trust 2015-C31,
Series 2015 C31
4
.533
08/15/48
1,971,396
3,750,000
(a),(b)
JPMBB Commercial Mortgage Securities Trust 2015-C33,
Series 2015 C33
4
.136
12/15/48
3,303,583
1,400,000
(a),(b)
JPMBB Commercial Mortgage Securities Trust 2016-C1, Series
2016 C1
4
.263
03/17/49
1,308,975
1,500,000
(b)
JPMBB Commercial Mortgage Securities Trust 2016-C1, Series
2016 C1
4
.763
03/17/49
1,459,511
4,250,000
(b)
JPMCC Commercial Mortgage Securities Trust 2017-JP6,
Series 2017 JP6
3
.682
07/15/50
3,897,305
2,000,000
(b)
JPMCC Commercial Mortgage Securities Trust 2017-JP7,
Series 2017 JP7
3
.665
09/15/50
1,803,220
1,400,000
(a),(b)
JPMCC Commercial Mortgage Securities Trust 2017-JP7,
Series 2017 JP7
4
.415
09/15/50
1,058,946
3,500,000
JPMCC Commercial Mortgage Securities Trust 2019-COR4,
Series 2019 COR4
4
.440
03/10/52
3,180,874
4,000,000
JPMDB Commercial Mortgage Securities Trust 2017-C7, Series
2017 C7
3
.985
10/15/50
3,794,117
190,000
(a)
Ladder Capital Commercial Mortgage 2013-GCP Mortgage
Trust, Series 2013 GCP
3
.985
02/15/36
177,676
3,015,000
(a)
Legends Outlets Kansas City KS Mortgage Secured Pass-
Through Trust, Series 2024 LGND
6
.733
11/05/39
3,005,679
1,646,886
(a),(b)
MCR 2024-HF1 Mortgage Trust, Series 2024 HF1, (TSFR1M +
2.841%)
7
.204
12/15/41
1,657,014
34,356,000
(a),(b)
MFT Trust 2020-ABC, Series 2020 ABC, (I/O)
0
.119
02/10/42
167,790
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
28
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED SECURITIES
(continued)
$
3,250,000
(a),(b)
MFT Trust 2020-ABC, Series 2020 ABC
3
.593
%
02/10/42
$
2,595,899
2,956,873
(a)
Morgan Stanley Capital I Trust 2015-420, Series 2015 420
7
.982
10/12/50
3,033,025
2,765,000
Morgan Stanley Capital I Trust 2019-H7, Series 2019 H7
3
.524
07/15/52
2,622,854
2,000,000
(a)
MRCD 2019-MARK Mortgage Trust, Series 2019 PARK
2
.718
12/15/36
1,384,000
4,000,000
(a),(b)
MTN Commercial Mortgage Trust 2026-LPFX, Series 2026 LPFX
6
.560
05/15/43
4,022,265
1,061,072
(a),(b)
Natixis Commercial Mortgage Securities Trust 2019-MILE,
Series 2019 MILE, (TSFR1M + 1.579%)
5
.915
07/15/36
1,032,698
1,000,000
(a),(b)
Natixis Commercial Mortgage Securities Trust 2019-MILE,
Series 2019 MILE, (TSFR1M + 3.579%)
7
.207
07/15/36
848,000
1,000,000
(a),(b)
Natixis Commercial Mortgage Securities Trust 2019-MILE,
Series 2019 MILE, (TSFR1M + 4.329%)
7
.957
07/15/36
810,000
72,310
(a),(b)
New Residential Mortgage Loan Trust 2015-2, Series 2015 2A
5
.226
08/25/55
71,899
4,000,000
(a),(b)
NYCT Trust 2024-3ELV, Series 2024 3ELV, (TSFR1M + 2.840%)
6
.467
08/15/29
3,993,264
3,000,000
(a),(b)
OBX 2026-NQM6 Trust, Series 2026 NQM6
5
.814
04/26/66
2,982,085
2,000,000
(a),(b)
OBX 2026-NQM7 Trust, Series 2026 NQM7
6
.120
04/25/66
1,989,220
1,150,000
(a)
One Bryant Park Trust 2019-OBP, Series 2019 OBP
2
.516
09/15/54
1,063,797
2,000,000
(a),(b)
PKHL Commercial Mortgage Trust 2021-MF, Series 2021 MF,
(TSFR1M + 0.994%)
4
.622
07/15/38
1,895,815
3,500,000
(a),(b)
PLYM Commercial Mortgage Trust 2026-IND, Series 2026 IND,
(TSFR1M + 2.150%)
5
.800
03/15/43
3,499,182
1,267,260
(a),(b)
Santander Bank Mortgage Credit-Linked Notes, Series 2023
MTG1, (SOFR30A + 4.900%)
9
.256
02/26/52
1,468,771
40,180,000
(a),(b)
SLG Office Trust 2021-OVA, Series 2021 OVA, (I/O)
0
.258
07/15/41
419,282
1,155,000
(a)
SLG Office Trust 2021-OVA, Series 2021 OVA
2
.851
07/15/41
995,142
1,820,770
(a),(b)
SMR 2022-IND Mortgage Trust, Series 2022 IND, (TSFR1M +
3.950%)
7
.577
02/15/39
1,825,580
2,100,000
(a),(b)
TX Trust 2024-HOU, Series 2024 1, (TSFR1M + 3.239%)
6
.866
06/15/39
2,109,976
2,511,000
UBS Commercial Mortgage Trust 2017-C1, Series 2017 C1
4
.036
06/15/50
2,432,123
5,100,000
(b)
UBS Commercial Mortgage Trust 2018-C11, Series 2018 C11
5
.044
06/15/51
4,691,640
2,000,000
(b)
UBS Commercial Mortgage Trust 2018-C13, Series 2018 C13
4
.957
10/15/51
1,808,609
3,450,000
(b)
UBS Commercial Mortgage Trust 2018-C8, Series 2018 C8
4
.681
02/15/51
3,179,076
2,239,000
(a)
Verus Securitization Trust, Series 2025 11
5
.796
11/25/70
2,211,911
2,000,000
(a)
Verus Securitization Trust 2021-8, Series 2021 8
3
.288
11/25/66
1,618,987
24,076
(b)
Washington Mutual MSC Mortgage Pass-Through Certificates,
Series 2004 RA3
5
.410
08/25/38
23,989
2,000,000
(a),(b)
WCORE Commercial Mortgage Trust 2024-CORE, Series 2024
CORE, (TSFR1M + 2.940%)
6
.600
11/15/41
2,011,133
2,415,000
(b)
Wells Fargo Commercial Mortgage Trust 2016-C36, Series
2016 C36
4
.079
11/15/59
2,071,035
2,400,000
(a),(b)
Wells Fargo Commercial Mortgage Trust 2017-SMP, Series
2017 SMP, (TSFR1M + 0.921%)
6
.258
12/15/34
2,243,864
3,000,000
(b)
Wells Fargo Commercial Mortgage Trust 2024-C63, Series
2024 C63
5
.820
08/15/57
3,096,523
1,500,000
(a),(b)
Wells Fargo Commercial Mortgage Trust 2025-AGLN, Series
2025 AGLN, (TSFR1M + 2.941%)
6
.568
07/15/37
1,505,671
2,400,000
(a),(b)
Wells Fargo Commercial Mortgage Trust 2025-B33RP, Series
2025 B33RP, (TSFR1M + 2.500%)
6
.850
08/15/42
2,420,059
2,500,000
(a),(b)
Wells Fargo Commercial Mortgage Trust 2025-DWHP, Series
2025 DWHP, (TSFR1M + 3.340%)
6
.967
04/15/38
2,514,719
901,906
(a),(b)
Wells Fargo Mortgage Backed Securities 2021-INV1 Trust,
Series 2021 INV1
3
.302
08/25/51
765,300
TOTAL MORTGAGE-BACKED SECURITIES
(Cost $394,281,366)
383,324,149
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
4,007,871
MUNICIPAL BONDS - 0.3%
4,007,871
NEW YORK - 0.3%
4,000,000
City of New York NY
5
.681
02/01/43
4,007,871
TOTAL NEW YORK
4,007,871
TOTAL MUNICIPAL BONDS
(Cost $4,000,000)
4,007,871
29
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
127355397
SOVEREIGN DEBT - 9.1%
127355397
ANGOLA - 0.1%
$
1,725,000
(a)
Angolan Government International Bond
9
.375
%
05/08/48
$
1,688,274
TOTAL ANGOLA
1,688,274
ARGENTINA - 0.3%
2,325,000
Argentine Republic Government International Bond
4
.125
07/09/35
1,789,088
2,500,000
Argentine Republic Government International Bond
5
.000
01/09/38
2,009,500
TOTAL ARGENTINA
3,798,588
AZERBAIJAN - 0.1%
1,700,000
(a)
Republic of Azerbaijan International Bond
3
.500
09/01/32
1,591,608
TOTAL AZERBAIJAN
1,591,608
BARBADOS - 0.2%
2,725,000
(a)
Barbados Government International Bond
8
.000
06/26/35
2,891,361
TOTAL BARBADOS
2,891,361
BENIN - 0.2%
2,000,000
(a)
Benin Government International Bond
7
.960
02/13/38
2,109,573
TOTAL BENIN
2,109,573
BRAZIL - 0.4%
BRL
12,400,000
Brazil Notas do Tesouro Nacional Serie F
10
.000
01/01/33
2,053,876
1,620,000
Brazilian Government International Bond
6
.000
10/20/33
1,628,910
1,725,000
Brazilian Government International Bond
7
.125
05/13/54
1,724,138
TOTAL BRAZIL
5,406,924
CHILE - 0.3%
CLP
1,600,000,000
(a)
Bonos de la Tesoreria de la Republica en pesos, Reg S
6
.000
04/01/33
1,853,819
2,775,000
Chile Government International Bond
3
.100
05/07/41
2,111,775
TOTAL CHILE
3,965,594
COLOMBIA - 0.3%
EUR
1,065,000
Colombia Government International Bond
5
.000
09/19/32
1,196,059
2,200,000
Colombia Government International Bond
5
.000
06/15/45
1,655,500
875,000
Colombia Government International Bond
6
.125
01/21/31
871,500
TOTAL COLOMBIA
3,723,059
COSTA RICA - 0.1%
1,955,000
(a)
Costa Rica Government International Bond
5
.625
04/30/43
1,864,483
TOTAL COSTA RICA
1,864,483
COTE D'IVOIRE - 0.2%
2,900,000
(a)
Ivory Coast Government International Bond
6
.750
02/25/41
2,779,362
TOTAL COTE D'IVOIRE
2,779,362
DOMINICAN REPUBLIC - 0.3%
1,775,000
(a)
Dominican Republic International Bond
5
.875
01/30/60
1,546,646
2,225,000
(a)
Dominican Republic International Bond
6
.950
03/15/37
2,333,024
TOTAL DOMINICAN REPUBLIC
3,879,670
ECUADOR - 0.3%
1,625,000
(a)
Ecuador Government International Bond
9
.250
01/29/39
1,671,312
2,800,000
(a)
Ecuador Government International Bond
8
.750
01/29/34
2,837,800
TOTAL ECUADOR
4,509,112
EGYPT - 0.2%
2,250,000
(a)
Egypt Government International Bond
8
.500
01/31/47
2,136,231
TOTAL EGYPT
2,136,231
EL SALVADOR - 0.2%
2,600,000
(a)
El Salvador Government International Bond
7
.625
02/01/41
2,606,760
TOTAL EL SALVADOR
2,606,760
GEORGIA - 0.1%
1,500,000
(a)
Georgia Government International Bond
5
.125
01/28/31
1,460,791
TOTAL GEORGIA
1,460,791
GHANA - 0.2%
137,637
(a)
Ghana Government International Bond
5
.000
07/03/29
136,150
2,226,200
(a)
Ghana Government International Bond
5
.000
07/03/35
2,081,171
TOTAL GHANA
2,217,321
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
30
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
GUATEMALA - 0.1%
$
1,700,000
(a)
Guatemala Government Bond
6
.250
%
08/15/36
$
1,769,003
TOTAL GUATEMALA
1,769,003
HONDURAS - 0.1%
1,675,000
(a)
Honduras Government International Bond
5
.625
06/24/30
1,655,068
TOTAL HONDURAS
1,655,068
HUNGARY - 0.4%
1,650,000
Hungary Government International Bond
7
.625
03/29/41
1,942,581
1,600,000
(a)
Hungary Government International Bond
5
.500
03/26/36
1,602,170
1,500,000
(a)
Hungary Government International Bond
5
.375
09/26/30
1,528,131
1,300,000
(a)
Magyar Export-Import Bank Zrt
6
.125
12/04/27
1,325,998
TOTAL HUNGARY
6,398,880
INDONESIA - 0.1%
EUR
1,725,000
Indonesia Government International Bond
4
.460
03/04/38
1,945,955
TOTAL INDONESIA
1,945,955
ISRAEL - 0.1%
1,675,000
Israel Government International Bond
5
.750
03/12/54
1,596,165
TOTAL ISRAEL
1,596,165
JORDAN - 0.3%
600,000
(a)
Jordan Government International Bond
7
.375
10/10/47
586,720
2,000,000
(a)
Jordan Government International Bond
5
.750
11/12/32
1,964,997
TOTAL JORDAN
2,551,717
KAZAKHSTAN - 0.3%
1,350,000
(a)
Baiterek National Investment Holding JSC
5
.200
05/06/33
1,340,532
2,225,000
(a)
Kazakhstan Government International Bond
5
.500
07/01/37
2,289,897
TOTAL KAZAKHSTAN
3,630,429
MEXICO - 1.2%
2,075,000
(a)
Eagle Funding Luxco Sarl
5
.500
08/17/30
2,086,890
1,966,000
Mexico Government International Bond
4
.750
03/08/44
1,582,630
4,550,000
Mexico Government International Bond
4
.280
08/14/41
3,578,575
4,925,000
Mexico Government International Bond
6
.400
05/07/54
4,604,383
1,300,000
Mexico Government International Bond
7
.375
05/13/55
1,371,292
1,950,000
Mexico Government International Bond
5
.850
07/02/32
1,958,678
1,500,000
Mexico Government International Bond
5
.625
09/22/35
1,452,000
TOTAL MEXICO
16,634,448
MOROCCO - 0.1%
1,650,000
(a)
Morocco Government International Bond
5
.500
12/11/42
1,553,058
TOTAL MOROCCO
1,553,058
NIGERIA - 0.1%
1,575,000
(a)
Nigeria Government International Bond
10
.375
12/09/34
1,902,314
TOTAL NIGERIA
1,902,314
OMAN - 0.2%
2,950,000
(a)
Oman Government International Bond
6
.500
03/08/47
3,145,430
TOTAL OMAN
3,145,430
PARAGUAY - 0.3%
2,125,000
(a)
Paraguay Government International Bond
5
.600
03/13/48
1,978,311
1,425,000
(a)
Paraguay Government International Bond
6
.000
02/09/36
1,492,901
TOTAL PARAGUAY
3,471,212
PERU - 0.2%
2,000,000
Peruvian Government International Bond
3
.300
03/11/41
1,547,600
1,755,000
Peruvian Government International Bond
5
.875
08/08/54
1,709,721
TOTAL PERU
3,257,321
POLAND - 0.2%
PLN
6,900,000
Republic of Poland Government Bond
5
.000
10/25/34
1,842,299
2,055,000
Republic of Poland Government International Bond
5
.500
04/04/53
1,910,391
TOTAL POLAND
3,752,690
REPUBLIC OF SERBIA - 0.2%
1,500,000
(a)
Serbia International Bond
6
.500
09/26/33
1,589,242
1,600,000
(a)
Serbia International Bond
5
.500
05/06/36
1,565,256
TOTAL REPUBLIC OF SERBIA
3,154,498
31
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ROMANIA - 0.3%
$
1,370,000
(a)
Romanian Government International Bond
6
.125
%
01/22/44
$
1,291,166
450,000
(a)
Romanian Government International Bond
7
.625
01/17/53
485,740
2,100,000
(a)
Romanian Government International Bond
5
.750
03/24/35
2,032,627
TOTAL ROMANIA
3,809,533
RWANDA - 0.1%
1,375,000
(a)
Rwanda International Government Bond
5
.500
08/09/31
1,301,734
TOTAL RWANDA
1,301,734
SAUDI ARABIA - 0.2%
2,740,000
(a)
Saudi Government International Bond
3
.750
01/21/55
1,909,338
1,500,000
(a)
Saudi Government International Bond
5
.625
01/13/35
1,570,345
TOTAL SAUDI ARABIA
3,479,683
SENEGAL - 0.1%
1,600,000
(a)
Senegal Government International Bond
6
.250
05/23/33
835,957
700,000
(a)
Senegal Government International Bond
6
.750
03/13/48
355,830
TOTAL SENEGAL
1,191,787
SOUTH AFRICA - 0.4%
ZAR
33,600,000
Republic of South Africa Government Bond
8
.500
01/31/37
2,039,431
1,900,000
Republic of South Africa Government International Bond
5
.375
07/24/44
1,601,182
1,575,000
Republic of South Africa Government International Bond
7
.300
04/20/52
1,575,502
TOTAL SOUTH AFRICA
5,216,115
TURKEY - 0.3%
1,950,000
Turkiye Government International Bond
7
.125
02/12/32
1,990,122
2,000,000
(a)
Turkiye Ihracat Kredi Bankasi AS
6
.375
01/15/31
1,940,989
TOTAL TURKEY
3,931,111
UGANDA - 0.1%
UGX
7,046,000,000
Republic of Uganda Government Bonds
15
.800
06/23/39
1,880,460
TOTAL UGANDA
1,880,460
UKRAINE - 0.0%
73,658
(a)
Ukraine Government International Bond
0
.000
02/01/35
42,574
15,548
(a)
Ukraine Government International Bond
0
.000
02/01/36
8,971
TOTAL UKRAINE
51,545
URUGUAY - 0.1%
UYU
66,000,000
Uruguay Government International Bond
9
.750
07/20/33
1,835,407
TOTAL URUGUAY
1,835,407
UZBEKISTAN - 0.1%
1,600,000
(a)
Republic of Uzbekistan International Bond
5
.375
02/20/29
1,611,123
TOTAL UZBEKISTAN
1,611,123
TOTAL SOVEREIGN DEBT
(Cost $127,196,021)
127,355,397
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
87894529
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 6.3%
87894529
2,000,000
(e)
CoBank ACB
6
.250
N/A
1,994,686
24,000,000
United States Treasury Note/Bond
4
.750
02/15/56
23,130,000
22,000,000
United States Treasury Note/Bond
4
.625
02/15/46
21,010,000
10,000,000
United States Treasury Note/Bond
3
.875
03/31/28
9,977,344
9,000,000
United States Treasury Note/Bond
3
.875
04/30/31
8,895,234
8,000,000
United States Treasury Note/Bond
4
.375
05/15/36
7,958,750
15,000,000
United States Treasury Note/Bond
3
.875
05/15/29
14,928,515
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
(Cost $88,841,508)
87,894,529
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
132269131
VARIABLE RATE SENIOR LOAN INTERESTS - 9.4%
132269131
AUTOMOBILES & COMPONENTS - 0.2%
2,489,994
(b)
Clarios Global LP, Term Loan B, (TSFR1M + 2.500%)
6
.098
01/28/32
2,496,530
TOTAL AUTOMOBILES & COMPONENTS
2,496,530
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
32
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CAPITAL GOODS - 1.7%
$
2,262,616
(b)
Barnes Group Inc, Term Loan B, (TSFR1M + 2.500%)
6
.120
%
01/27/32
$
2,267,922
1,584,904
(b)
BCPE Empire Holdings, Inc., Term Loan B, (TSFR1M + 3.250%)
6
.870
12/26/30
1,577,773
2,802,800
(b)
Centuri Group, Inc, Refinance Term Loan B, (TSFR1M + 2.000%)
5
.648
07/09/32
2,814,712
1,985,000
(b)
Chamberlain Group Inc, Term Loan B, (TSFR1M + 2.750%)
6
.370
09/08/32
1,989,863
1,500,000
(b),(i)
Construction Partners Inc, (TBD)
TBD
TBD
1,510,005
207,931
(b),(j)
Kaman Corporation, Delayed Draw Term Loan
1
.000
02/26/32
208,592
1,792,638
(b)
Kaman Corporation, Term Loan B, (TSFR3M + 2.250%)
5
.950
02/26/32
1,798,338
549,667
(b)
QXO Inc, Term Loan B, (TSFR1M + 2.000%)
5
.620
04/30/32
549,801
2,500,000
(b),(i)
Resilience Parent LLC, First Lien Term Loan, (TBD)
TBD
TBD
2,508,775
995,006
(b)
TK Elevator Midco GmbH, Term Loan B, (TSFR6M + 2.750%)
6
.377
04/30/30
1,004,489
2,000,000
(b)
TK Elevator Midco GmbH, Term Loan B, (TSFR3M + 2.750%)
6
.442
04/30/30
2,017,810
994,950
(b)
TransDigm, Inc., Term Loan, (TSFR1M + 2.500%)
6
.120
01/20/32
998,546
997,462
(b)
TransDigm, Inc., Term Loan J, (TSFR1M + 2.500%)
6
.120
02/28/31
1,001,153
1,500,000
(b),(i)
TransDigm, Inc., Term Loan N, (TBD)
TBD
TBD
1,505,280
1,462,808
(b)
Windsor Holdings III, LLC, Term Loan B, (TSFR1M + 2.750%)
6
.370
08/01/30
1,461,711
TOTAL CAPITAL GOODS
23,214,770
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
4,975,000
(b)
Allied Universal Holdco LLC, Term Loan B, (TSFR1M + 3.250%)
6
.870
08/20/32
4,998,930
2,000,000
(b)
Archkey Solutions LLC, Term Loan B, (TSFR3M + 4.000%)
7
.700
11/03/31
2,012,250
1,000,000
(b)
Dayforce, Inc., Term Loan, (TSFR3M + 3.000%)
6
.663
02/04/33
954,430
992,462
(b)
Garda World Security Corporation, Term Loan B, (TSFR3M +
2.750%)
6
.419
02/01/29
994,447
2,985,000
(b)
GFL Environmental Inc., Term Loan B, (TSFR3M + 2.500%)
6
.166
03/03/32
2,991,865
2,448,863
(b)
Openlane Inc, Term Loan B, (TSFR3M + 2.500%)
6
.148
10/08/32
2,464,168
992,512
(b)
WIN Waste Innovations Holdings, Inc., First Lien Term Loan,
(TSFR1M + 3.250%)
6
.985
03/27/28
997,475
1,000,000
(b)
WIN Waste Innovations Holdings, Inc., Term Loan B, (TSFR1M
+ 2.750%)
6
.485
03/27/28
1,003,930
TOTAL COMMERCIAL & PROFESSIONAL SERVICES
16,417,495
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 0.3%
2,483,805
(b)
Les Schwab Tire Centers, Term Loan B, (TSFR3M + 2.500%)
6
.166
04/23/31
2,480,700
2,187,027
(b)
Wand NewCo 3, Inc., Repriced Term Loan B, (TSFR1M +
2.500%)
6
.120
01/30/31
2,184,862
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
4,665,562
CONSUMER DURABLES & APPAREL - 0.1%
1,492,481
(b)
AI Aqua Merger Sub, Inc., Term Loan B, (TSFR1M + TSFR3M +
2.500%)
6
.156
07/31/28
1,495,780
TOTAL CONSUMER DURABLES & APPAREL
1,495,780
CONSUMER SERVICES - 0.3%
987,240
(b)
Alterra Mountain Company, Term Loan B8, (TSFR1M + 2.500%)
6
.120
05/31/30
991,766
1,000,000
(b)
Camelot U.S. Acquisition LLC, Term Loan B, (TSFR1M + 2.750%)
6
.370
01/31/31
947,860
2,322,171
(b)
GVC Holdings (Gibraltar) Limited, Term Loan B6 (2029),
(TSFR3M + 2.250%)
5
.951
10/31/29
2,329,429
TOTAL CONSUMER SERVICES
4,269,055
FOOD, BEVERAGE & TOBACCO - 0.5%
92,037
(b)
City Brewing Company, LLC, PIK First Out Term Loan, (TSFR3M
+ 7.000%), (cash 10.666%, PIK 7.000%)
10
.666
09/30/30
13,806
17,213
(b)
City Brewing Company, LLC, PIK Super Priority Term Loan,
(TSFR3M + 7.000%), (cash 10.666%, PIK 7.000%)
10
.666
09/30/30
7,746
1,995,000
(b)
Froneri Lux Finco Sarl, Term Loan, (TSFR6M + 2.500%)
6
.127
09/30/32
1,984,895
3,160,000
(b)
Primo Brands Corporation, Term Loan B, (TSFR3M + 2.750%)
6
.432
03/31/31
3,184,063
120,690
(b),(j)
Sauer Brands Inc, Delayed Draw Term Loan
3
.000
02/19/32
121,218
1,269,715
(b)
Savor Acquisition, Inc., Term Loan B, (TSFR3M + 3.000%)
6
.663
02/19/32
1,275,277
TOTAL FOOD, BEVERAGE & TOBACCO
6,587,005
HEALTH CARE EQUIPMENT & SERVICES - 1.0%
1,850,700
(b)
Bausch & Lomb Corporation, Repriced Term Loan, (TSFR1M +
3.750%)
7
.370
01/15/31
1,860,879
1,626,845
(b),(i)
Global Medical Response, Inc., Term Loan B, (TBD)
TBD
TBD
1,636,150
2,992,481
(b),(i)
Opal Bidco SAS, First Lien Term Loan B, (TBD)
TBD
TBD
2,998,361
1,632,769
(b)
Phoenix Guarantor Inc, (TSFR1M + 2.500%)
6
.114
02/21/31
1,638,386
1,050,000
(b),(i)
Select Medical Corp, (TBD)
TBD
TBD
1,055,250
33
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
HEALTH CARE EQUIPMENT & SERVICES
(continued)
$
833,080
(b)
Surgery Center Holdings, Inc., Term Loan B, (TSFR1M +
2.500%)
6
.120
%
12/19/30
$
836,537
1,995,000
(b)
Team Health Holdings, Inc., Repriced Term Loan B, (TSFR3M +
4.000%)
7
.663
06/30/28
2,005,534
1,984,924
(b)
Zelis Payments Buyer, Inc., 5th Amendment Term Loan,
(TSFR1M + 3.250%)
6
.870
11/26/31
1,961,254
TOTAL HEALTH CARE EQUIPMENT & SERVICES
13,992,351
INSURANCE - 1.4%
1,979,950
(b)
Acrisure, LLC, First Lien Term Loan B6, (TSFR1M + 3.000%)
6
.620
11/06/30
1,884,665
1,987,519
(b)
Alera Group, Inc., Term Loan B, (TSFR1M + 2.750%)
6
.370
05/28/32
1,922,924
997,487
(b)
Alliant Holdings Intermediate, LLC, Term Loan B, (TSFR1M +
2.500%)
6
.120
09/19/31
995,098
1,234,375
(b)
AmWINS Group, Inc., Term Loan B, (TSFR1M + 2.000%)
5
.620
01/30/32
1,233,011
2,977,500
(b)
Asurion LLC, Term Loan B13, (TSFR3M + 4.250%)
7
.913
09/19/30
2,981,683
3,608,957
(b)
Broadstreet Partners, Inc., Term Loan B4, (TSFR1M + 2.500%)
6
.120
06/16/31
3,567,309
994,110
(b)
HUB International Limited, Term Loan B, (TSFR3M + 2.250%)
5
.922
06/20/30
997,446
1,975,050
(b)
Sedgwick Claims Management Services, Inc., Term Loan B,
(TSFR1M + 2.500%)
6
.120
07/31/31
1,975,722
3,595,081
(b)
Truist Insurance Holdings LLC, Term Loan B, (TSFR3M +
2.750%)
6
.450
05/06/31
3,569,322
TOTAL INSURANCE
19,127,180
MATERIALS - 0.5%
1,488,220
(b)
Charter NEX US, Inc., Repriced Term Loan B, (TSFR1M +
2.500%)
6
.145
12/02/30
1,493,429
3,441,350
(b)
Clydesdale Acquisition Holdings Inc, Term Loan B, (TSFR1M +
3.175%)
6
.795
04/13/29
3,362,629
992,132
(b)
Clydesdale Acquisition Holdings Inc, Term Loan B, (TSFR1M +
3.250%)
6
.870
04/01/32
940,110
2,014,506
(b)
Proampac PG Borrower LLC, Term Loan B, (TSFR1M + TSFR3M
+ 4.000%)
7
.665
02/22/33
1,977,580
TOTAL MATERIALS
7,773,748
MEDIA & ENTERTAINMENT - 0.5%
2,381,000
(b),(i)
Discovery Global Holdings Inc, (TBD)
TBD
TBD
2,388,072
1,500,000
(b),(i)
OAK-Eagle Acquireco Inc, (TBD)
TBD
TBD
1,506,622
3,173,549
(b)
Planet US Buyer LLC, Term Loan B, (TSFR1M + TSFR3M +
3.000%)
6
.632
02/10/31
3,194,796
TOTAL MEDIA & ENTERTAINMENT
7,089,490
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.6%
1,000,000
(b)
Genmab AS, Term Loan B, (TSFR3M + 3.000%)
6
.700
12/13/32
1,003,560
2,000,000
(b)
Hologic Inc., Term Loan B, (TSFR3M + 2.250%)
5
.924
04/07/33
1,982,240
674,239
(b)
Jazz Financing Lux S.a.r.l., First Lien Term Loan B, (TSFR1M +
2.250%)
5
.870
05/05/28
677,739
1,492,408
(b)
Organon & Co, Term Loan, (TSFR1M + 2.250%)
5
.870
05/19/31
1,494,937
2,913,044
(b)
Parexel International Corporation, Repriced Term Loan B,
(TSFR1M + 2.500%)
6
.120
12/12/31
2,921,244
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
8,079,720
SOFTWARE & SERVICES - 0.7%
1,477,519
(b)
Boxer Parent Company Inc., Term Loan B, (TSFR3M + 3.000%)
6
.666
07/30/31
1,388,284
1,985,000
(b)
Cloud Software Group, Inc., Term Loan B (2031), (TSFR3M +
3.250%)
6
.950
03/24/31
1,870,862
1,980,000
(b)
Darktrace PLC, First Lien Term Loan, (TSFR3M + 3.250%)
6
.927
10/09/31
1,896,523
1,492,424
(b)
Epicor Software Corporation, Term Loan E, (TSFR1M + 2.500%)
6
.120
05/30/31
1,474,873
1,496,241
(b)
Fortress Intermediate 3, Inc, Term Loan B, (TSFR1M + 3.000%)
6
.638
06/27/31
1,485,019
480,000
(b)
IGT Holding IV AB, Term Loan B5, (TSFR3M + 3.000%)
6
.700
09/02/31
477,202
1,082,240
(b)
UKG Inc., Term Loan B, (TSFR3M + 2.250%)
5
.913
02/10/31
1,047,387
TOTAL SOFTWARE & SERVICES
9,640,150
TELECOMMUNICATION SERVICES - 0.2%
1,500,000
(b)
Iridium Satellite LLC, Term Loan B, (TSFR1M + 2.250%)
5
.870
09/20/30
1,488,562
1,768,117
(b)
Zayo Group Holdings, Inc., Term Loan, (TSFR1M + 1.750%),
(cash 6.735%, PIK 0.500%)
3
.617
03/11/30
1,769,275
TOTAL TELECOMMUNICATION SERVICES
3,257,837
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
34
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TRANSPORTATION - 0.1%
$
2,000,000
(b)
KKR Apple Bidco, LLC, Term Loan, (TSFR1M + 2.500%)
6
.120
%
09/23/31
$
2,005,780
TOTAL TRANSPORTATION
2,005,780
UTILITIES - 0.1%
997,475
(b)
Talen Energy Supply, LLC, 2024-1 Incremental Term Loan,
(TSFR1M + 1.750%)
5
.375
12/13/31
994,358
1,167,738
(b)
Talen Energy Supply, LLC, Term Loan B, (TSFR1M + 2.500%)
6
.125
11/25/32
1,162,320
TOTAL UTILITIES
2,156,678
TOTAL VARIABLE RATE SENIOR LOAN INTERESTS
(Cost $132,732,286)
132,269,131
TOTAL LONG-TERM INVESTMENTS
(Cost $1,378,965,836)
1,367,714,537
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 1.3%
17,901,218
(k)
State Street Navigator Securities Lending Government Money
Market Portfolio
3.670 (l)
17,901,218
TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING
(Cost $17,901,218)
17,901,218
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS -  3.0%
42821749
REPURCHASE AGREEMENTS - 3.0%
42821749
10,746,749
(m)
Fixed Income Clearing Corporation
1
.060
06/01/26
10,746,749
32,075,000
(n)
Fixed Income Clearing Corporation
3
.570
06/01/26
32,075,000
TOTAL REPURCHASE AGREEMENTS
(Cost $42,821,749)
42,821,749
TOTAL SHORT-TERM INVESTMENTS
(Cost $42,821,749)
42,821,749
TOTAL INVESTMENTS - 101.9%
(Cost $1,439,688,803)
1,428,437,504
OTHER ASSETS & LIABILITIES, NET -  (1.9)%
(
26,552,297
)
NET ASSETS - 100%
$
1,401,885,207
BRL
Brazilian Real
CAD
Canadian Dollar
CLP
Chilean Peso
EUR
Euro
I/O
Interest only security
LIBOR
London Inter-Bank Offered Rate
M
Month
PIK
Payment-in-kind (“PIK”) security.  Depending on the terms of the security, income may be received in the form of cash,
securities, or a combination of both.  The PIK rate shown, where applicable, represents the annualized rate of the last PIK
payment made by the issuer as of the end of the reporting period.
PLN
Polish Zloty
Reg S
Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without
registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor
from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic
issuers that are made outside the United States.
SOFR
Secured Overnight Financing Rate
SOFR30A
30 Day Average Secured Overnight Financing Rate
TBD
Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not
known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and
therefore a coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will
provide the Fund with the final coupon rate and maturity date.
TSFR1M
CME Term Secured Overnight Financing Rate 1 Month
TSFR3M
CME Term Secured Overnight Financing Rate 3 Month
TSFR6M
CME Term Secured Overnight Financing Rate 6 Month
UGX
Ugandan Shilling
UYU
Uruguayan Peso
ZAR
South African Rand
35
Principal denominated in U.S. Dollars, unless otherwise noted. 
Investments in Derivatives
(a)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $680,279,873 or 47.6% of Total Investments.
(b)
Floating or variable rate security includes the reference rate and spread, when applicable.  For mortgage-backed or asset-backed
securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
(c)
For fair value measurement disclosure purposes, investment classified as Level 3.
(d)
Contains $1,000 Par Preferred and/or Contingent Capital Securities.
(e)
Perpetual security. Maturity date is not applicable.
(f)
Contingent Capital Securities (“CoCos”) are debt or preferred securities with loss absorption characteristics built into the terms
of the security for the benefit of the issuer, for example an automatic write-down of principal or a mandatory conversion into the
issuer’s common stock under certain adverse circumstances, such as the issuer’s capital ratio falling below a specified level. As of
the end of the reporting period, the Fund’s total investment in CoCos was 3.7% of Total Investments.
(g)
Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end
of the fiscal period was $17,303,320.
(h)
$1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was
8.6% of Total Investments.
(i)
When-issued or delayed delivery security.
(j)
Investment, or portion of investment, represents an outstanding unfunded senior loan commitment.
(k)
Investments made with cash collateral received from securities on loan.
(l)
The rate shown is the one-day yield as of the end of the reporting period.
(m)
Agreement with Fixed Income Clearing Corporation, 1.060% dated 5/29/26 to be repurchased at $10,747,698 on 6/1/26,
collateralized by Government Agency Securities, with coupon rate 4.250% and maturity date 5/15/35, valued at $10,961,696.
(n)
Agreement with Fixed Income Clearing Corporation, 3.570% dated 5/29/26 to be repurchased at $32,084,542 on 6/1/26,
collateralized by Government Agency Securities, with coupon rates 0.625%–4.000% and maturity dates 4/15/30–6/30/32, valued at
$32,716,636.
Futures Contracts - Long
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
U.S. Treasury 10-Year Note
100
9/26
$
10,947,500
$
10,982,812
$
35,312
U.S. Treasury 2-Year Note
175
9/26
36,110,591
36,148,438
37,847
U.S. Treasury Long Bond
475
9/26
52,977,913
53,303,906
325,993
Total
$100,036,004
$100,435,156
$399,152
Forward Foreign Currency Contracts
Currency Purchased
Notional Amount
(Local Currency)
Currency Sold
Notional Amount
(Local Currency)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
$
2,284,801
EUR
1,940,332
Barclays Bank PLC
7/08/26
$
18,077
$
1,113,095
EUR
950,000
Barclays Bank PLC
7/08/26
3,292
$
2,012,981
EUR
1,705,044
Toronto Dominion Bank
7/08/26
21,125
$
5,011,180
EUR
4,328,465
Toronto Dominion Bank
7/08/26
$
(
45,393
)
$
5,688,188
CAD
7,889,420
Toronto Dominion Bank
7/08/26
(
43,355
)
Total
        $(46,254)
Total unrealized appreciation on forward foreign currency contracts
        $42,494
Total unrealized depreciation on forward foreign currency contracts
        $(88,748)
CAD
Canadian Dollar
EUR
Euro
Credit Default Swaps - Centrally Cleared
PURCHASED
Counterparty
Reference Entity
Fixed
Rate
(Annualized)
Current
Credit
Spread (a)
Fixed Rate
Payment
Frequency
Maturity
Date
Notional
Amount(b)
Value
Premiums
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Citigroup Global
Markets, Inc
CDX-NAHYS45V1-5Y
5
.000
%
3
.59
%
Monthly
6/20/31
$
9,900,000
$
(
666,692
)
$
(
390,397
)
$
(
276,295
)
Total
$
9,900,000
$
(
666,692
)
$(390,397)
$
(
276,295
)
Portfolio of Investments May 31, 2026
(continued)
Strategic Income
36
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value
them:
The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:
(a)
The credit spread generally serves as an indication of the current status of the payment/performance risk and therefore the
likelihood of default of the credit derivative. The credit spread also reflects the cost of buying/selling protection and may include
upfront payments required to be made to enter into a credit default swap contract. Higher credit spreads are indicative of higher
likelihood of performance by the seller of protection.
(b)
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 is defined under the terms of that particular swap agreement. This amount may be reduced by
any recoverable assets, if applicable.
Strategic Income
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Asset-Backed Securities
$
–
$
160,729,284
$
1,016,323
$
161,745,607
Corporate Bonds
–
471,117,853
–
471,117,853
Mortgage-Backed Securities
–
383,324,149
–
383,324,149
Municipal Bonds
–
4,007,871
–
4,007,871
Sovereign Debt
–
127,355,397
–
127,355,397
U.S. Government and Agency Obligations
–
87,894,529
–
87,894,529
Variable Rate Senior Loan Interests
–
132,269,131
–
132,269,131
Investments Purchased with Collateral from Securities
Lending
17,901,218
–
–
17,901,218
Short-Term Investments:
Repurchase Agreements
–
42,821,749
–
42,821,749
$
17,901,218
$
1,409,519,963
$
1,016,323
$
1,428,437,504
Investments in Derivatives:
Credit Default Swaps - Centrally Cleared*
–
(
276,295
)
–
(
276,295
)
Forward Foreign Currency Contracts*
–
(
46,254
)
–
(
46,254
)
Futures Contracts*
399,152
–
–
399,152
$
399,152
$
(
322,549
)
$
–
$
76,603
*
Represents net unrealized appreciation (depreciation).
37
The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of the end of the
reporting period, were as follows:
Level 3
Strategic Income
Asset-Backed
Securities
Balance at the beginning of period
$1,098,735
Gains (losses):
Net realized gains (losses)
-
Change in net unrealized appreciation (depreciation)
1,745
Purchases at cost
-
Sales at proceeds
(84,157)
Net discounts (premiums)
-
Transfers into
-
Transfers (out of)
-
Balance at the end of period
$1,016,323
Change in net unrealized appreciation (depreciation) during the period of Level 3
securities held as of period end
$1,745
Fund
Asset Class
Market Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
Strategic
Income
Asset-Backed Securities
$2,197,825
Indicative Trade
Broker Quote
$89.27
N/A