| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% | ||||
| Financials — 15.2% | ||||
| $1,596,000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 4.750%, 1/15/33 | $ 1,559,262 | ||
| 783,000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 6.150%, 9/30/30 | 818,617 | ||
| 666,000 | Aircastle Ltd. / Aircastle Ireland DAC, 144a, 5.000%, 9/15/30 | 663,778 | ||
| 40,000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144a, 7.000%, 1/15/31 | 40,649 | ||
| 101,000 | Allstate Corp. (The), Ser B, (TSFR3M + 3.200%), 6.851%, 8/15/53(A) | 101,255 | ||
| 1,107,000 | American Express Co., 5.282%, 7/27/29 | 1,122,030 | ||
| 40,000 | Asurion LLC / Asurion Co-Issuer, Inc., 144a, 8.000%, 12/31/32 | 40,353 | ||
| 672,000 | Bank of America Corp., 2.687%, 4/22/32 | 609,212 | ||
| 647,000 | Bank of America Corp., 3.705%, 4/24/28 | 642,699 | ||
| 862,000 | Bank of America Corp., 5.511%, 1/24/36 | 881,467 | ||
| 775,000 | Bank of Montreal (Canada), 3.803%, 12/15/32 | 763,049 | ||
| 862,000 | Bank of New York Mellon Corp. (The), 5.834%, 10/25/33 | 906,408 | ||
| 1,596,000 | Bank of Nova Scotia (The) (Canada), 4.813%, 2/2/34 | 1,572,945 | ||
| 1,282,000 | Barclays PLC (United Kingdom), 2.894%, 11/24/32 | 1,150,456 | ||
| 1,596,000 | Barclays PLC (United Kingdom), 5.088%, 6/20/30 | 1,601,003 | ||
| 522,000 | Berkshire Hathaway Finance Corp., 4.250%, 1/15/49 | 431,080 | ||
| 1,596,000 | Chubb INA Holdings LLC, 4.900%, 8/15/35 | 1,576,315 | ||
| 1,505,000 | Citigroup, Inc., 4.542%, 9/19/30 | 1,495,052 | ||
| 550,000 | Citigroup, Inc., 6.174%, 5/25/34 | 574,625 | ||
| 20,000 | CRC Insurance Group LLC, 144a, 7.125%, 6/1/31 | 19,909 | ||
| 37,000 | Credit Acceptance Corp., 144a, 9.250%, 12/15/28 | 38,527 | ||
| 26,000 | Credit Acceptance Corp., 144a, 6.625%, 3/15/30 | 26,040 | ||
| 17,000 | CrossCountry Intermediate HoldCo LLC, 144a, 6.500%, 10/1/30 | 16,756 | ||
| 29,000 | First Eagle Holdings, Inc., 144a, 7.250%, 8/15/32 | 29,195 | ||
| 666,000 | First Maryland Capital I, (TSFR3M + 1.262%), 4.935%, 1/15/27(A) | 661,062 | ||
| 19,000 | FirstCash, Inc., 144a, 4.625%, 9/1/28 | 18,681 | ||
| 22,000 | FirstCash, Inc., 144a, 6.125%, 5/1/34 | 21,899 | ||
| 12,000 | Freedom Mortgage Holdings LLC, 144a, 6.875%, 5/1/31 | 11,651 | ||
| 5,000 | Freedom Mortgage Holdings LLC, 144a, 7.875%, 4/1/33 | 4,875 | ||
| 47,000 | Freedom Mortgage Holdings LLC, 144a, 9.250%, 2/1/29 | 48,569 | ||
| 55,000 | goeasy Ltd. (Canada), 144a, 9.250%, 12/1/28 | 53,994 | ||
| 19,000 | goeasy Ltd. (Canada), 144a, 6.875%, 5/15/30 | 16,911 | ||
| 13,000 | goeasy Ltd. (Canada), 144a, 7.625%, 7/1/29 | 12,290 | ||
| 1,031,000 | Goldman Sachs Group, Inc. (The), 2.615%, 4/22/32 | 926,638 | ||
| 1,618,000 | Goldman Sachs Group, Inc. (The), 4.516%, 1/21/32 | 1,588,699 | ||
| 556,000 | Goldman Sachs Private Credit Corp., 144a, 6.150%, 6/16/31 | 552,393 | ||
| 585,000 | Guardian Life Global Funding, 144a, 4.327%, 10/6/30 | 575,759 | ||
| 1,134,000 | HSBC Holdings PLC (United Kingdom), 4.675%, 3/10/32 | 1,119,139 | ||
| 1,596,000 | Huntington Bancshares, Inc., 4.623%, 1/28/32 | 1,570,925 | ||
| 43,000 | Jane Street Group / JSG Finance, Inc., 144a, 6.125%, 11/1/32 | 43,002 | ||
| 16,000 | Jane Street Group / JSG Finance, Inc., 144a, 6.750%, 5/1/33 | 16,434 | ||
| 20,000 | Jefferson Capital Holdings LLC, 144a, 8.250%, 5/15/30 | 21,030 | ||
| 1,083,000 | JPMorgan Chase & Co., 2.956%, 5/13/31 | 1,011,996 | ||
| 831,000 | JPMorgan Chase & Co., 3.509%, 1/23/29 | 817,435 | ||
| 774,000 | JPMorgan Chase & Co., 4.946%, 10/22/35 | 764,802 | ||
| 1,047,000 | Macquarie Airfinance Holdings Ltd. (United Kingdom), 144a, 6.400%, 3/26/29 | 1,078,074 | ||
| 774,000 | Marsh & McLennan Cos., Inc., 5.350%, 11/15/44 | 742,713 | ||
| 1,271,000 | Morgan Stanley, 2.484%, 9/16/36 | 1,102,882 | ||
| 1,619,000 | Morgan Stanley, 4.493%, 1/16/32 | 1,588,700 | ||
| 10,000 | Navient Corp., 4.875%, 3/15/28 | 9,810 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Financials — 15.2% (Continued) | ||||
| $ 43,000 | Navient Corp., 5.000%, 3/15/27 | $ 42,670 | ||
| 10,000 | Navient Corp., 7.875%, 6/15/32 | 9,358 | ||
| 802,000 | New York Life Global Funding, 144a, 4.550%, 1/28/33 | 787,711 | ||
| 1,022,292 | Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47 | 783,881 | ||
| 19,000 | OneMain Finance Corp., 3.875%, 9/15/28 | 18,402 | ||
| 13,000 | OneMain Finance Corp., 4.000%, 9/15/30 | 12,016 | ||
| 24,000 | OneMain Finance Corp., 6.500%, 3/15/33 | 23,622 | ||
| 15,000 | OneMain Finance Corp., 6.625%, 5/15/29 | 15,294 | ||
| 11,000 | OneMain Finance Corp., 7.125%, 9/15/32 | 11,186 | ||
| 13,000 | PennyMac Financial Services, Inc., 144a, 5.750%, 9/15/31 | 12,332 | ||
| 15,000 | PennyMac Financial Services, Inc., 144a, 7.875%, 12/15/29 | 15,600 | ||
| 15,000 | PennyMac Financial Services, Inc., 144a, 7.125%, 11/15/30 | 15,204 | ||
| 1,134,000 | PNC Capital Trust, (TSFR3M + 0.832%), 4.492%, 6/1/28(A) | 1,120,557 | ||
| 10,000 | PRA Group, Inc., 144a, 8.375%, 2/1/28 | 10,162 | ||
| 49,000 | PRA Group, Inc., 144a, 8.875%, 1/31/30 | 50,603 | ||
| 16,000 | Rocket Cos., Inc., 144a, 6.500%, 8/1/29 | 16,331 | ||
| 4,000 | Rocket Cos., Inc., 144a, 6.500%, 6/15/34 | 4,101 | ||
| 41,000 | Rocket Cos., Inc., 144a, 7.125%, 2/1/32 | 42,559 | ||
| 940,000 | Royal Bank of Canada (Canada), 4.969%, 8/2/30 | 947,674 | ||
| 43,000 | SBL Holdings, Inc., 144a, 9.508%(B) | 40,895 | ||
| 1,548,000 | State Street Corp., (TSFR3M + 1.262%), 4.926%, 6/15/47(A) | 1,393,035 | ||
| 1,614,000 | Teachers Insurance & Annuity Association of America, 144a, 3.300%, 5/15/50 | 1,085,443 | ||
| 1,625,000 | Truist Financial Corp., Ser A, (TSFR3M + 0.932%), 4.583%, 5/15/27(A) | 1,615,144 | ||
| 1,214,000 | UBS Group AG (Switzerland), 144a, 4.588%, 8/10/32 | 1,191,969 | ||
| 684,000 | US Bancorp, 4.967%, 7/22/33 | 678,430 | ||
| 1,338,000 | Wells Fargo & Co., 4.960%, 1/23/37 | 1,308,518 | ||
| 42,313,742 | ||||
| Utilities — 4.6% | ||||
| 68,000 | Algonquin Power & Utilities Corp. (Canada), 4.750%, 1/18/82 | 67,332 | ||
| 24,000 | Alpha Generation LLC, 144a, 6.250%, 1/15/34 | 23,614 | ||
| 57,000 | AltaGas Ltd. (Canada), 144a, 7.200%, 10/15/54 | 59,743 | ||
| 1,172,000 | Capital Power US Holdings, Inc. (Canada), 144a, 6.189%, 6/1/35 | 1,215,317 | ||
| 1,513,000 | CMS Energy Corp., 4.750%, 6/1/50 | 1,482,890 | ||
| 1,148,000 | Cumberland Combined Cycle Generation LLC, 5.821%, 5/15/56 | 1,177,613 | ||
| 1,120,000 | Duke Energy Progress LLC, 4.150%, 12/1/44 | 925,732 | ||
| 614,000 | Edison International, 4.125%, 3/15/28 | 605,316 | ||
| 566,000 | Georgia Power Co., 5.950%, 2/1/39 | 583,722 | ||
| 1,596,000 | National Rural Utilities Cooperative Finance Corp., Ser D, 4.050%, 2/9/29 | 1,575,516 | ||
| 1,596,000 | NextEra Energy Capital Holdings, Inc., 2.440%, 1/15/32 | 1,408,771 | ||
| 823,000 | NextEra Energy Capital Holdings, Inc., (TSFR3M + 2.329%), 6.055%, 10/1/66(A) | 756,880 | ||
| 9,000 | NRG Energy, Inc., 144a, 5.875%, 5/15/34 | 8,956 | ||
| 9,000 | NRG Energy, Inc., 144a, 6.125%, 5/15/36 | 9,006 | ||
| 959,000 | Ohio Power Co., Ser R, 2.900%, 10/1/51 | 590,071 | ||
| 1,118,000 | Oncor Electric Delivery Co. LLC, 144a, 5.900%, 3/15/56 | 1,139,835 | ||
| 84,000 | PacifiCorp, 7.125%, 8/15/56 | 83,435 | ||
| 738,000 | PacifiCorp., 5.750%, 4/1/37 | 744,133 | ||
| 89,000 | PPL Capital Funding, Inc., Ser A, (TSFR3M + 2.927%), 6.659%, 3/30/67(A) | 88,172 | ||
| 69,000 | Sempra, 4.125%, 4/1/52 | 68,426 | ||
| 50,000 | South Jersey Industries, Inc., 5.020%, 4/15/31 | 44,835 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Utilities — 4.6% (Continued) | ||||
| $ 78,000 | Talen Energy Supply LLC, 144a, 6.375%, 5/1/33 | $ 77,868 | ||
| 28,000 | XPLR Infrastructure Operating Partners LP, 144a, 8.625%, 3/15/33 | 30,024 | ||
| 12,767,207 | ||||
| Consumer Discretionary — 4.5% | ||||
| 1,534,000 | 7-Eleven, Inc., 144a, 1.800%, 2/10/31 | 1,336,015 | ||
| 59,000 | ADT Security Corp. (The), 144a, 5.875%, 10/15/33 | 57,956 | ||
| 42,000 | Allison Transmission, Inc., 144a, 4.750%, 10/1/27 | 41,901 | ||
| 316,000 | Amazon.com, Inc., 5.800%, 3/13/56 | 314,802 | ||
| 506,000 | Amazon.com, Inc., 5.950%, 3/13/66 | 504,894 | ||
| 19,872 | American Airlines, Inc. / AAdvantage Loyalty IP Ltd., 144a, 5.750%, 4/20/29 | 19,911 | ||
| 5,000 | American Axle & Manufacturing, Inc., 144a, 6.375%, 10/15/32 | 4,982 | ||
| 5,000 | American Axle & Manufacturing, Inc., 144a, 7.750%, 10/15/33 | 4,938 | ||
| 705,000 | American Honda Finance Corp., Ser A, 5.200%, 4/8/33† | 706,762 | ||
| 24,000 | Asbury Automotive Group, Inc., 4.500%, 3/1/28 | 23,758 | ||
| 21,000 | Beazer Homes USA, Inc., 7.250%, 10/15/29 | 21,190 | ||
| 15,000 | Beazer Homes USA, Inc., 144a, 7.500%, 3/15/31† | 14,943 | ||
| 7,000 | Beazer Homes USA, Inc., 144a, 8.000%, 1/15/32 | 7,011 | ||
| 85,000 | BlueLinx Holdings, Inc., 144a, 6.000%, 11/15/29 | 83,977 | ||
| 1,026,000 | BMW US Capital LLC (Germany), 144a, 4.500%, 8/11/30 | 1,012,785 | ||
| 10,000 | Carnival Corp. Ltd., 144a, 5.125%, 5/1/29 | 9,984 | ||
| 75,000 | Carnival Corp. Ltd., 144a, 5.750%, 8/1/32 | 75,704 | ||
| 70,000 | Carnival Corp. Ltd., 144a, 5.875%, 6/15/31 | 71,226 | ||
| 10,000 | Carnival Corp. Ltd., 144a, 6.125%, 2/15/33† | 10,117 | ||
| 52,000 | Carriage Services, Inc., 144a, 4.250%, 5/15/29 | 49,769 | ||
| 28,000 | Century Communities, Inc., 144a, 6.625%, 9/15/33 | 28,269 | ||
| 150,000 | Cimpress PLC (Ireland), 144a, 7.375%, 9/15/32 | 151,501 | ||
| 5,000 | Cyprium Corp. / Cyprium Holdings Luxembourg Sarl, 144a, 6.125%, 4/15/31 | 4,999 | ||
| 5,000 | Cyprium Corp. / Cyprium Holdings Luxembourg Sarl, 144a, 6.375%, 4/15/34 | 4,990 | ||
| 20,000 | Gaia Purchaser, Inc., 144a, 7.625%, 7/15/33 | 20,252 | ||
| 866,000 | General Motors Financial Co., Inc., 3.100%, 1/12/32 | 784,726 | ||
| 1,332,000 | Gildan Activewear, Inc. (Canada), 144a, 5.400%, 10/7/35 | 1,294,985 | ||
| 23,000 | Goodyear Tire & Rubber Co. (The), 5.625%, 4/30/33 | 20,025 | ||
| 18,000 | Goodyear Tire & Rubber Co. (The), 8.875%, 7/15/32† | 18,143 | ||
| 48,000 | Group 1 Automotive, Inc., 144a, 4.000%, 8/15/28 | 46,739 | ||
| 11,000 | Group 1 Automotive, Inc., 144a, 6.375%, 1/15/30 | 11,142 | ||
| 52,000 | HNI Corp., 144a, 5.125%, 1/18/29 | 51,216 | ||
| 481,000 | Home Depot, Inc. (The), 5.950%, 4/1/41 | 510,116 | ||
| 847,000 | Hyundai Capital America, 144a, 5.350%, 3/19/29 | 859,003 | ||
| 48,000 | JB Poindexter & Co., Inc., 144a, 8.750%, 12/15/31 | 49,358 | ||
| 38,000 | Light & Wonder International, Inc., 144a, 6.250%, 10/1/33 | 37,794 | ||
| 28,000 | Lithia Motors, Inc., 144a, 5.500%, 10/1/30 | 27,700 | ||
| 1,238,000 | Meritage Homes Corp., 144a, 3.875%, 4/15/29 | 1,201,457 | ||
| 25,000 | Michaels Cos., Inc. (The), 144a, 8.500%, 3/15/33 | 24,760 | ||
| 10,000 | NCL Corp. Ltd., 144a, 5.875%, 1/15/31 | 9,706 | ||
| 5,000 | NCL Corp. Ltd., 144a, 6.250%, 9/15/33 | 4,856 | ||
| 21,000 | NCL Corp. Ltd., 144a, 6.750%, 2/1/32 | 20,949 | ||
| 28,000 | Newell Brands, Inc., 6.375%, 9/15/27 | 28,202 | ||
| 15,000 | Newell Brands, Inc., 6.625%, 5/15/32† | 15,200 | ||
| 13,000 | Newell Brands, Inc., 144a, 8.500%, 6/1/28 | 13,582 | ||
| 24,000 | Nissan Motor Acceptance Co. LLC, 144a, 6.125%, 9/30/30 | 23,599 | ||
| 12,000 | Pioneer Opco LLC, 144a, 7.000%, 5/15/33 | 12,210 | ||
| 1,374,000 | Polaris, Inc., 5.600%, 3/1/31 | 1,376,040 | ||
| 59,000 | QXO Building Products, Inc., 144a, 6.750%, 4/30/32 | 60,926 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Consumer Discretionary — 4.5% (Continued) | ||||
| $ 76,000 | Speedway Motorsports LLC / Speedway Funding II, Inc., 144a, 4.875%, 11/1/27 | $ 75,333 | ||
| 29,000 | Station Casinos LLC, 144a, 4.625%, 12/1/31 | 27,534 | ||
| 1,116,000 | United Airlines, Inc., 144a, 4.625%, 4/15/29 | 1,100,429 | ||
| 61,000 | Upbound Group, Inc., 144a, 6.375%, 2/15/29 | 60,468 | ||
| 63,000 | Voyager Parent LLC, 144a, 9.250%, 7/1/32 | 66,610 | ||
| 43,000 | Wabash National Corp., 144a, 4.500%, 10/15/28† | 39,941 | ||
| 28,000 | Whirlpool Corp., 6.500%, 6/15/33 | 24,265 | ||
| 4,000 | Whirlpool Corp., 144a, 7.500%, 7/1/31 | 4,051 | ||
| 4,000 | Whirlpool Corp., 144a, 7.875%, 7/1/34 | 4,022 | ||
| 5,000 | Winnebago Industries, Inc., 144a, 6.250%, 7/15/28 | 5,012 | ||
| 12,492,735 | ||||
| Energy — 4.2% | ||||
| 1,070,000 | Aker BP ASA (Norway), 144a, 5.125%, 10/1/34 | 1,049,488 | ||
| 39,000 | Bristow Group, Inc., 144a, 6.750%, 2/1/33 | 39,128 | ||
| 671,000 | Cheniere Energy Partners LP, 3.250%, 1/31/32 | 615,465 | ||
| 22,000 | Crescent Energy Finance LLC, 144a, 7.625%, 4/1/32 | 22,196 | ||
| 41,000 | CVR Energy, Inc., 144a, 7.500%, 2/15/31 | 40,809 | ||
| 1,092,000 | DCP Midstream Operating LP, 144a, 6.750%, 9/15/37 | 1,192,687 | ||
| 77,000 | Enbridge, Inc. (Canada), Ser NC5, 8.250%, 1/15/84 | 81,318 | ||
| 1,110,000 | Energy Transfer LP, 6.300%, 1/15/56 | 1,118,192 | ||
| 46,000 | Energy Transfer LP, Ser G, 7.125%(B) | 47,483 | ||
| 5,000 | Genesis Energy LP / Genesis Energy Finance Corp., 6.750%, 3/15/34 | 4,962 | ||
| 19,000 | Genesis Energy LP / Genesis Energy Finance Corp., 7.875%, 5/15/32 | 19,591 | ||
| 31,000 | Genesis Energy LP / Genesis Energy Finance Corp., 8.875%, 4/15/30 | 32,439 | ||
| 1,011,000 | HF Sinclair Corp., 5.000%, 2/1/28 | 1,009,477 | ||
| 24,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 5.750%, 2/1/29 | 23,908 | ||
| 14,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.000%, 4/15/30 | 13,754 | ||
| 19,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.875%, 5/15/34 | 18,493 | ||
| 28,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 8.375%, 11/1/33 | 29,194 | ||
| 38,000 | Kinetik Holdings LP, 144a, 5.875%, 6/15/30 | 38,230 | ||
| 65,000 | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp., 144a, 6.875%, 12/1/32 | 66,201 | ||
| 527,551 | MC Brazil Downstream Trading SARL (Brazil), 144a, 7.250%, 6/30/31 | 495,239 | ||
| 1,078,000 | Midwest Connector Capital Co. LLC, 144a, 4.625%, 4/1/29 | 1,071,437 | ||
| 660,000 | NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | 766,127 | ||
| 15,000 | Noble Finance II LLC, 144a, 6.250%, 6/15/34 | 14,690 | ||
| 887,000 | Occidental Petroleum Corp., 7.950%, 6/15/39 | 1,059,744 | ||
| 25,000 | Oceaneering International, Inc., 144a, 6.875%, 7/15/34 | 25,382 | ||
| 33,000 | Par Petroleum LLC, 144a, 7.375%, 6/1/34 | 33,396 | ||
| 100,000 | Petroleos del Peru SA (Peru), 144a, 4.750%, 6/19/32 | 85,072 | ||
| 100,000 | Petroleos del Peru SA (Peru), 144a, 5.625%, 6/19/47 | 71,483 | ||
| 30,000 | Prairie Acquiror LP, 144a, 9.000%, 8/1/29 | 31,161 | ||
| 55,000 | Precision Drilling Corp. (Canada), 144a, 6.875%, 1/15/29 | 55,298 | ||
| 5,000 | Rockies Express Pipeline LLC, 144a, 4.800%, 5/15/30 | 4,890 | ||
| 16,000 | Rockies Express Pipeline LLC, 144a, 7.500%, 7/15/38 | 16,836 | ||
| 1,242,000 | Sempra Infrastructure Partners LP, 144a, 3.250%, 1/15/32 | 1,101,635 | ||
| 50,000 | SESI LLC, 144a, 7.875%, 9/30/30 | 50,803 | ||
| 36,000 | SM Energy Co., 144a, 6.625%, 4/15/34 | 35,450 | ||
| 16,000 | SM Energy Co., 144a, 6.750%, 8/1/29 | 16,292 | ||
| 26,000 | SM Energy Co., 144a, 7.000%, 8/1/32 | 26,238 | ||
| 40,000 | Tidewater, Inc., 144a, 9.125%, 7/15/30 | 42,849 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Energy — 4.2% (Continued) | ||||
| $ 36,000 | Valaris Ltd., 144a, 8.375%, 4/30/30 | $ 37,383 | ||
| 10,000 | Venture Global LNG, Inc., 144a, 6.375%, 12/15/34 | 9,833 | ||
| 26,000 | Venture Global LNG, Inc., 144a, 7.000%, 1/15/30 | 26,518 | ||
| 88,000 | Venture Global LNG, Inc., 144a, 9.000%(B) | 85,918 | ||
| 15,000 | Weatherford International Ltd., 144a, 6.750%, 10/15/33 | 15,299 | ||
| 1,151,000 | Western Midstream Operating LP, 5.250%, 2/1/50 | 1,001,996 | ||
| 35,000 | YPF SA (Argentina), 144a, 6.950%, 7/21/27 | 35,299 | ||
| 11,679,283 | ||||
| Communication Services — 4.1% | ||||
| 848,000 | Alphabet, Inc., 5.500%, 2/15/46 | 838,018 | ||
| 1,135,000 | AT&T, Inc., 3.800%, 12/1/57 | 761,331 | ||
| 536,000 | AT&T, Inc., 4.500%, 5/15/35 | 505,483 | ||
| 1,020,000 | Beacon Point DC LLC, 144a, 6.129%, 11/30/42 | 1,030,711 | ||
| 88,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.250%, 2/1/31 | 79,245 | ||
| 21,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 6.375%, 9/1/29 | 20,982 | ||
| 45,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 7.375%, 3/1/31† | 45,109 | ||
| 113,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.750%, 3/1/30 | 107,157 | ||
| 602,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | 554,246 | ||
| 673,000 | Comcast Corp., 4.000%, 3/1/48 | 487,424 | ||
| 29,000 | Directv Financing LLC, 144a, 8.875%, 2/1/30 | 29,479 | ||
| 49,000 | Directv Financing LLC / Directv Financing Co-Obligor, Inc., 144a, 10.000%, 2/15/31 | 50,842 | ||
| 28,000 | Discovery Global Holdings, Inc., 5.050%, 3/15/42 | 20,512 | ||
| 65,000 | GCI LLC, 144a, 4.750%, 10/15/28 | 61,951 | ||
| 35,000 | Gen Digital, Inc., 144a, 6.750%, 9/30/27 | 35,107 | ||
| 24,392 | Level 3 Financing, Inc., 144a, 6.875%, 6/30/33 | 25,060 | ||
| 33,232 | Level 3 Financing, Inc., 144a, 7.000%, 3/31/34 | 34,271 | ||
| 10,000 | Level 3 Financing, Inc., 144a, 7.500%, 2/15/37 | 10,258 | ||
| 15,000 | Match Group Holdings II LLC, 144a, 4.625%, 6/1/28 | 14,797 | ||
| 1,130,000 | Meta Platforms, Inc., 4.875%, 11/15/35 | 1,101,351 | ||
| 30,000 | Midcontinent Communications, 144a, 8.000%, 8/15/32 | 26,288 | ||
| 75,000 | Neptune Bidco US, Inc., 144a, 9.290%, 4/15/29 | 76,482 | ||
| 19,000 | Neptune Bidco US, Inc., 144a, 10.375%, 5/15/31 | 19,693 | ||
| 41,000 | Nexstar Media, Inc., 144a, 6.500%, 9/15/33 | 40,990 | ||
| 5,000 | Outfront Media Capital LLC / Outfront Media Capital Corp., 144a, 6.000%, 6/15/34 | 4,991 | ||
| 39,000 | Paramount Global, 7.875%, 7/30/30 | 40,973 | ||
| 9,000 | Sinclair Television Group, Inc., 144a, 8.125%, 2/15/33 | 9,264 | ||
| 25,000 | Sirius XM Radio LLC, 144a, 4.000%, 7/15/28 | 24,350 | ||
| 2,000 | Stagwell Global LLC, 144a, 5.625%, 8/15/29 | 1,929 | ||
| 2,587,000 | T-Mobile USA, Inc., 3.875%, 4/15/30 | 2,508,319 | ||
| 472,000 | T-Mobile USA, Inc., 5.750%, 1/15/54 | 452,496 | ||
| 20,000 | Univision Communications, Inc., 144a, 8.500%, 7/31/31 | 20,084 | ||
| 932,000 | Verizon Communications, Inc., 2.987%, 10/30/56 | 551,543 | ||
| 550,000 | Verizon Communications, Inc., 5.875%, 11/30/55 | 535,142 | ||
| 1,404,000 | Videotron Ltd. (Canada), 144a, 3.625%, 6/15/29 | 1,355,115 | ||
| 62,000 | Ziff Davis, Inc., 144a, 4.625%, 10/15/30 | 58,359 | ||
| 11,539,352 | ||||
| Health Care — 4.1% | ||||
| 692,000 | AbbVie, Inc., 4.450%, 5/14/46 | 596,601 | ||
| 16,000 | Acadia Healthcare Co., Inc., 144a, 5.000%, 4/15/29 | 15,753 | ||
| 20,000 | Acadia Healthcare Co., Inc., 144a, 5.500%, 7/1/28 | 19,907 | ||
| 26,000 | Acadia Healthcare Co., Inc., 144a, 7.375%, 3/15/33 | 26,756 | ||
| 20,000 | AdaptHealth LLC, 144a, 4.625%, 8/1/29 | 19,294 | ||
| 19,000 | AdaptHealth LLC, 144a, 5.125%, 3/1/30 | 18,436 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Health Care — 4.1% (Continued) | ||||
| $ 777,000 | Alcon Finance Corp. (Switzerland), 144a, 3.800%, 9/23/49 | $ 584,945 | ||
| 1,596,000 | Amgen, Inc., 2.300%, 2/25/31 | 1,439,720 | ||
| 29,000 | Avantor Funding, Inc., 144a, 3.875%, 11/1/29 | 27,686 | ||
| 42,000 | BellRing Brands, Inc., 144a, 7.000%, 3/15/30 | 41,990 | ||
| 1,596,000 | Cigna Group (The), 4.500%, 9/15/30† | 1,587,330 | ||
| 723,000 | CommonSpirit Health, 4.187%, 10/1/49 | 565,199 | ||
| 661,000 | CVS Health Corp., 5.125%, 7/20/45 | 600,835 | ||
| 16,000 | DaVita, Inc., 144a, 6.750%, 7/15/33 | 16,510 | ||
| 21,000 | DaVita, Inc., 144a, 6.875%, 9/1/32 | 21,658 | ||
| 884,000 | DH Europe Finance II Sarl, 3.250%, 11/15/39 | 711,638 | ||
| 795,000 | Elevance Health, Inc., 4.750%, 2/15/33 | 784,489 | ||
| 47,000 | Global Medical Response, Inc., 144a, 7.375%, 10/1/32 | 48,704 | ||
| 1,026,000 | HCA, Inc., 5.500%, 3/1/32 | 1,049,201 | ||
| 33,000 | LifePoint Health, Inc., 144a, 7.000%, 5/1/34 | 31,620 | ||
| 1,543,000 | Medline Borrower LP, 144a, 3.875%, 4/1/29 | 1,498,629 | ||
| 24,000 | Molina Healthcare, Inc., 144a, 3.875%, 5/15/32† | 21,678 | ||
| 41,000 | Molina Healthcare, Inc., 144a, 4.375%, 6/15/28 | 40,286 | ||
| 11,000 | Molina Healthcare, Inc., 144a, 6.250%, 1/15/33 | 11,018 | ||
| 15,000 | Molina Healthcare, Inc., 144a, 6.500%, 2/15/31 | 15,260 | ||
| 46,000 | National Mentor Holdings, Inc., 144a, 10.500%, 12/15/30 | 48,430 | ||
| 22,000 | Option Care Health, Inc., 144a, 4.375%, 10/31/29 | 21,108 | ||
| 58,000 | Pediatrix Medical Group, Inc., 144a, 5.375%, 2/15/30 | 57,334 | ||
| 21,000 | Select Medical Corp., 144a, 6.250%, 12/1/32† | 20,400 | ||
| 91,000 | Tenet Healthcare Corp., 6.125%, 10/1/28 | 91,363 | ||
| 32,000 | Tenet Healthcare Corp., 144a, 5.500%, 11/15/32 | 31,817 | ||
| 708,000 | Thermo Fisher Scientific, Inc., 5.404%, 8/10/43 | 702,308 | ||
| 911,000 | UnitedHealth Group, Inc., 3.500%, 8/15/39 | 751,187 | ||
| 11,519,090 | ||||
| Consumer Staples — 3.9% | ||||
| 33,000 | ACCO Brands Corp., 144a, 4.250%, 3/15/29 | 30,738 | ||
| 5,000 | ADI Escrow Issuer LLC, 144a, 7.125%, 7/15/34 | 5,091 | ||
| 30,000 | Albertsons Cos., Inc., 144a, 5.500%, 3/31/31 | 29,310 | ||
| 44,000 | Albertsons Cos., Inc., 144a, 5.625%, 3/31/32 | 42,607 | ||
| 31,000 | Allied Universal Holdco LLC, 144a, 7.875%, 2/15/31 | 32,407 | ||
| 24,000 | AMN Healthcare, Inc., 144a, 6.500%, 1/15/31 | 24,145 | ||
| 934,000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | 853,916 | ||
| 1,052,000 | Ashtead Capital, Inc. (United Kingdom), 144a, 4.000%, 5/1/28 | 1,035,293 | ||
| 29,000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 8.000%, 2/15/31 | 29,285 | ||
| 15,000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 8.250%, 1/15/30 | 15,450 | ||
| 10,000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 8.375%, 6/15/32† | 10,075 | ||
| 966,000 | Cargill, Inc., 144a, 4.760%, 11/23/45 | 867,546 | ||
| 1,617,000 | Coca-Cola Co. (The), 2.500%, 3/15/51 | 964,891 | ||
| 1,094,000 | Element Fleet Management Corp. (Canada), 144a, 5.037%, 3/25/30 | 1,100,854 | ||
| 982,000 | ERAC USA Finance LLC, 144a, 4.200%, 11/1/46 | 807,745 | ||
| 1,020,000 | Global Payments, Inc., 5.200%, 11/15/32 | 995,830 | ||
| 14,000 | Herc Holdings, Inc., 144a, 5.750%, 3/15/31 | 13,978 | ||
| 14,000 | Herc Holdings, Inc., 144a, 6.000%, 3/15/34† | 13,904 | ||
| 15,000 | Herc Holdings, Inc., 144a, 6.625%, 6/15/29 | 15,320 | ||
| 21,000 | Herc Holdings, Inc., 144a, 7.000%, 6/15/30 | 21,711 | ||
| 32,000 | Industrial F&B Investments III, Inc., 144a, 7.750%, 2/11/33 | 32,607 | ||
| 35,000 | Ingles Markets, Inc., 144a, 4.000%, 6/15/31† | 33,006 | ||
| 200,000 | Kaspi.KZ JSC (Kazakhstan), 144a, 6.250%, 3/26/30 | 202,306 | ||
| 9,000 | KeHE Distributors LLC / KeHE Finance Corp. / NextWave Distribution, Inc., 144a, 7.125%, 4/30/33 | 9,168 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Consumer Staples — 3.9% (Continued) | ||||
| $ 536,000 | Kroger Co. (The), 5.000%, 4/15/42 | $ 496,422 | ||
| 728,000 | Mars, Inc., 144a, 5.200%, 3/1/35 | 731,969 | ||
| 42,000 | Performance Food Group, Inc., 144a, 6.125%, 9/15/32 | 42,516 | ||
| 1,149,000 | Philip Morris International, Inc., 5.375%, 2/15/33 | 1,180,386 | ||
| 25,000 | Post Holdings, Inc., 144a, 4.625%, 4/15/30 | 24,192 | ||
| 23,000 | Post Holdings, Inc., 144a, 6.500%, 3/15/36 | 22,756 | ||
| 40,000 | S&S Holdings LLC, 144a, 8.375%, 10/1/31 | 37,853 | ||
| 25,000 | Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc., 144a, 6.750%, 8/15/32 | 25,061 | ||
| 41,000 | Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed, 144a, 4.625%, 3/1/29 | 39,606 | ||
| 568,000 | Starbucks Corp., 3.350%, 3/12/50 | 388,211 | ||
| 98,000 | Turning Point Brands, Inc., 144a, 7.625%, 3/15/32 | 101,408 | ||
| 41,000 | Velocity Vehicle Group LLC, 144a, 8.000%, 6/1/29 | 40,489 | ||
| 48,000 | VT Topco, Inc., 144a, 8.500%, 8/15/30† | 48,702 | ||
| 686,000 | Walmart, Inc., 4.500%, 9/9/52 | 596,910 | ||
| 10,963,664 | ||||
| Industrials — 3.9% | ||||
| 1,057,000 | Amcor Flexibles North America, Inc., 2.630%, 6/19/30 | 976,231 | ||
| 34,000 | Amsted Industries, Inc., 144a, 4.625%, 5/15/30 | 33,108 | ||
| 21,000 | Amsted Industries, Inc., 144a, 6.375%, 3/15/33 | 21,232 | ||
| 44,000 | Brundage-Bone Concrete Pumping Holdings, Inc., 144a, 7.500%, 2/1/32 | 45,648 | ||
| 853,000 | Burlington Northern Santa Fe LLC, 5.750%, 5/1/40 | 891,006 | ||
| 64,000 | BWX Technologies, Inc., 144a, 4.125%, 6/30/28 | 62,791 | ||
| 1,074,000 | Canadian Pacific Railway Co. (Canada), 3.000%, 12/2/41 | 799,125 | ||
| 20,000 | Cascades, Inc. / Cascades USA, Inc. (Canada), 144a, 5.375%, 1/15/28 | 19,950 | ||
| 43,000 | Clearwater Paper Corp., 144a, 4.750%, 8/15/28 | 35,125 | ||
| 51,000 | Clydesdale Acquisition Holdings, Inc., 144a, 6.750%, 4/15/32 | 49,502 | ||
| 33,000 | Columbus McKinnon Corp., 144a, 7.125%, 2/1/33 | 33,073 | ||
| 14,000 | Esab Corp., 144a, 5.625%, 4/1/31 | 13,991 | ||
| 20,000 | FTAI Aviation Investors LLC, 144a, 5.500%, 5/1/28 | 19,951 | ||
| 6,000 | FTAI Aviation Investors LLC, 144a, 7.000%, 6/15/32 | 6,197 | ||
| 22,000 | FTAI Aviation Investors LLC, 144a, 7.875%, 12/1/30 | 22,987 | ||
| 61,000 | Ingram Micro, Inc., 144a, 4.750%, 5/15/29 | 59,912 | ||
| 865,000 | John Deere Capital Corp., MTN, 5.100%, 4/11/34 | 879,323 | ||
| 40,000 | Manitowoc Co., Inc. (The), 144a, 9.250%, 10/1/31 | 43,002 | ||
| 1,756,000 | Martin Marietta Materials, Inc., 2.400%, 7/15/31 | 1,564,645 | ||
| 42,000 | Mauser Packaging Solutions Holding Co., 144a, 7.875%, 4/15/30 | 42,937 | ||
| 692,000 | Norfolk Southern Corp., 4.837%, 10/1/41 | 645,304 | ||
| 67,000 | Owens-Brockway Glass Container, Inc., 144a, 7.250%, 5/15/31 | 66,214 | ||
| 19,000 | Owens-Brockway Glass Container, Inc., 144a, 7.375%, 6/1/32† | 18,230 | ||
| 12,000 | Owens-Brockway Glass Container, Inc., 144a, 9.500%, 6/1/33† | 12,292 | ||
| 59,000 | RXO, Inc., 144a, 6.375%, 5/15/31 | 59,799 | ||
| 33,000 | Sensata Technologies, Inc., 144a, 3.750%, 2/15/31 | 30,858 | ||
| 26,000 | Smyrna Ready Mix Concrete LLC, 144a, 8.875%, 11/15/31 | 27,413 | ||
| 18,000 | Standard Building Solutions, Inc., 144a, 6.250%, 8/1/33 | 17,870 | ||
| 8,000 | Standard Building Solutions, Inc., 144a, 6.500%, 8/15/32 | 8,048 | ||
| 21,000 | Standard Industries, Inc., 144a, 3.375%, 1/15/31 | 18,902 | ||
| 63,000 | Stanley Black & Decker, Inc., 6.707%, 3/15/60 | 62,718 | ||
| 28,000 | Stonepeak Nile Parent LLC, 144a, 7.250%, 3/15/32 | 28,995 | ||
| 51,000 | Sword Purchaser LLC, 144a, 8.250%, 4/15/33 | 52,818 | ||
| 20,000 | Sword Purchaser LLC, 144a, 10.500%, 4/15/34† | 20,925 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Industrials — 3.9% (Continued) | ||||
| $ 40,000 | Terex Corp., 144a, 6.250%, 10/15/32 | $ 40,542 | ||
| 1,949,000 | Textron Financial Corp., 144a, (TSFR3M + 1.997%), 5.648%, 2/15/42(A) | 1,793,003 | ||
| 1,198,000 | Timken Co. (The), 4.500%, 12/15/28 | 1,192,271 | ||
| 5,000 | TransDigm, Inc., 144a, 6.250%, 1/31/34 | 5,102 | ||
| 26,000 | TransDigm, Inc., 144a, 6.375%, 3/1/29 | 26,396 | ||
| 972,000 | United Parcel Service, Inc., 5.950%, 5/14/55 | 998,579 | ||
| 5,000 | WESCO Distribution, Inc., 144a, 5.500%, 4/15/34 | 4,946 | ||
| 15,000 | WESCO Distribution, Inc., 144a, 6.375%, 3/15/29 | 15,288 | ||
| 9,000 | WESCO Distribution, Inc., 144a, 6.375%, 3/15/33 | 9,233 | ||
| 15,000 | WESCO Distribution, Inc., 144a, 6.625%, 3/15/32 | 15,458 | ||
| 55,000 | XPO, Inc., 144a, 7.125%, 2/1/32† | 57,049 | ||
| 10,847,989 | ||||
| Information Technology — 3.3% | ||||
| 9,000 | Amentum Holdings, Inc., 144a, 7.250%, 8/1/32 | 9,270 | ||
| 34,000 | Amkor Technology, Inc., 144a, 5.875%, 10/1/33 | 34,106 | ||
| 1,203,000 | Apple, Inc., 4.650%, 2/23/46 | 1,080,174 | ||
| 1,265,000 | Broadcom, Inc., 3.419%, 4/15/33 | 1,154,704 | ||
| 60,000 | Consensus Cloud Solutions, Inc., 144a, 6.500%, 10/15/28 | 59,994 | ||
| 29,000 | CoreWeave, Inc., 144a, 9.250%, 6/1/30† | 29,223 | ||
| 658,000 | Dell International LLC / EMC Corp., 4.850%, 2/1/35 | 643,129 | ||
| 506,000 | Intel Corp., 5.000%, 8/15/33 | 502,764 | ||
| 1,482,000 | Microsoft Corp., 2.525%, 6/1/50 | 885,000 | ||
| 1,609,000 | MSCI, Inc., 144a, 3.875%, 2/15/31 | 1,524,624 | ||
| 28,000 | Open Text Corp. (Canada), 144a, 3.875%, 12/1/29 | 25,743 | ||
| 28,000 | Open Text Corp. (Canada), 144a, 3.875%, 2/15/28 | 27,287 | ||
| 612,000 | Oracle Corp., 4.700%, 9/27/34 | 561,614 | ||
| 658,000 | Oracle Corp., 5.950%, 9/26/55 | 561,312 | ||
| 1,158,000 | Salesforce, Inc., 5.550%, 3/15/36 | 1,156,533 | ||
| 46,000 | Science Applications International Corp., 144a, 5.875%, 11/1/33 | 45,306 | ||
| 10,000 | Seagate Data Storage Technology Pte Ltd., 144a, 5.750%, 12/1/34 | 10,157 | ||
| 20,000 | SS&C Technologies, Inc., 144a, 5.500%, 9/30/27 | 19,997 | ||
| 764,000 | Texas Instruments, Inc., 5.100%, 5/23/35 | 771,312 | ||
| 9,102,249 | ||||
| Real Estate — 2.9% | ||||
| 876,000 | American Tower Corp. REIT, 5.900%, 11/15/33 | 915,276 | ||
| 837,000 | Crown Castle, Inc. REIT, 4.800%, 9/1/28 | 839,665 | ||
| 1,975,000 | Crown Castle, Inc. REIT, 4.900%, 9/1/29 | 1,982,759 | ||
| 1,596,000 | Host Hotels & Resorts LP REIT, Ser H, 3.375%, 12/15/29 | 1,521,971 | ||
| 22,000 | Hudson Pacific Properties LP REIT, 4.650%, 4/1/29† | 20,835 | ||
| 1,289,000 | Invitation Homes Operating Partnership LP REIT, 4.150%, 4/15/32 | 1,227,955 | ||
| 25,000 | Iron Mountain, Inc. REIT, 144a, 4.500%, 2/15/31 | 23,913 | ||
| 30,000 | Iron Mountain, Inc. REIT, 144a, 6.250%, 1/15/35 | 30,129 | ||
| 31,000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer REIT, 144a, 4.875%, 5/15/29 | 30,310 | ||
| 16,000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer REIT, 144a, 7.000%, 2/1/30 | 16,381 | ||
| 49,000 | RLJ Lodging Trust LP REIT, 144a, 3.750%, 7/1/26 | 49,000 | ||
| 834,000 | Store Capital LLC REIT, 2.700%, 12/1/31 | 735,321 | ||
| 635,000 | Store Capital LLC REIT, 4.625%, 3/15/29 | 628,190 | ||
| 15,000 | Vornado Realty LP REIT, 5.750%, 2/1/33 | 15,069 | ||
| 8,036,774 | ||||
| Materials — 0.8% | ||||
| 26,000 | Celanese US Holdings LLC, 7.379%, 7/15/32 | 27,342 | ||
| 39,000 | Celanese US Holdings LLC, 7.700%, 11/15/33† | 41,681 | ||
| 960,000 | Ecolab, Inc., 5.150%, 6/15/33 | 974,405 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 51.5% (Continued) | ||||
| Materials — 0.8% (Continued) | ||||
| $ 36,000 | Kaiser Aluminum Corp., 144a, 5.875%, 3/1/34 | $ 35,630 | ||
| 534,000 | LYB International Finance III LLC, 5.875%, 1/15/36† | 536,187 | ||
| 27,000 | Magnera Corp., 144a, 4.750%, 11/15/29 | 25,200 | ||
| 41,000 | Magnera Corp., 144a, 7.250%, 11/15/31 | 40,026 | ||
| 200,000 | Navoiyuran State Enterprise (Uzbekistan), 144a, 6.700%, 7/2/30 | 204,173 | ||
| 31,000 | NOVA Chemicals Corp. (Canada), 144a, 8.500%, 11/15/28 | 32,058 | ||
| 200,000 | WE Soda Investments Holding PLC (Turkey), 144a, 9.500%, 10/6/28 | 200,843 | ||
| 2,117,545 | ||||
| Total Corporate Bonds | $143,379,630 | |||
| U.S. Treasury Obligations — 24.8% | ||||
| 890,000 | U.S. Treasury Bond, 4.625%, 11/15/45 | 858,155 | ||
| 2,070,000 | U.S. Treasury Bond, 4.625%, 11/15/55 | 1,978,467 | ||
| 1,355,000 | U.S. Treasury Bond, 4.750%, 8/15/55 | 1,320,754 | ||
| 1,245,000 | U.S. Treasury Bond, 4.750%, 2/15/56 | 1,215,042 | ||
| 9,995,000 | U.S. Treasury Bond, 5.000%, 5/15/56 | 10,146,487 | ||
| 915,000 | U.S. Treasury Note, 3.500%, 1/31/28 | 905,814 | ||
| 3,905,000 | U.S. Treasury Note, 3.625%, 12/31/30 | 3,815,917 | ||
| 6,340,000 | U.S. Treasury Note, 3.750%, 4/15/28 | 6,296,165 | ||
| 8,490,000 | U.S. Treasury Note, 3.875%, 3/31/31 | 8,375,584 | ||
| 3,650,000 | U.S. Treasury Note, 3.875%, 4/30/31 | 3,600,098 | ||
| 8,910,000 | U.S. Treasury Note, 4.000%, 11/15/35 | 8,634,347 | ||
| 9,185,000 | U.S. Treasury Note, 4.125%, 6/30/28 | 9,182,847 | ||
| 7,390,000 | U.S. Treasury Note, 4.125%, 2/15/36 | 7,223,725 | ||
| 5,370,000 | U.S. Treasury Note, 4.375%, 5/15/36 | 5,350,702 | ||
| Total U.S. Treasury Obligations | $68,904,104 | |||
| Non-Agency Collateralized Mortgage Obligations — 6.9% | ||||
| 699 | Adjustable Rate Mortgage Trust, Ser 2004-4, Class 3A1, 4.456%, 3/25/35(A)(C) | 691 | ||
| 632,319 | Agate Bay Mortgage Trust, Ser 2015-7, Class B1, 144a, 3.608%, 10/25/45(A)(C) | 604,983 | ||
| 985,432 | Agate Bay Mortgage Trust, Ser 2015-7, Class B2, 144a, 3.608%, 10/25/45(A)(C) | 941,326 | ||
| 565,762 | Angel Oak Mortgage Trust, Ser 2024-1, Class A1, 144a, 5.210%, 8/25/68(A)(C) | 564,040 | ||
| 649,106 | AOMT, Ser 2024-6, Class A1, 144a, 4.650%, 11/25/67(A)(C) | 642,890 | ||
| 737,381 | BRAVO Residential Funding Trust, Ser 2024-NQM8, Class A1A, 144a, 4.300%, 8/1/53(A)(C) | 725,406 | ||
| 181,168 | CSMC Trust, Ser 2013-7, Class B3, 144a, 3.557%, 8/25/43(A)(C) | 176,671 | ||
| 209,908 | CSMC Trust, Ser 2014-OAK1, Class B4, 144a, 3.591%, 11/25/44(A)(C) | 204,296 | ||
| 528,748 | CSMC Trust, Ser 2015-1, Class B3, 144a, 3.872%, 1/25/45(A)(C) | 509,095 | ||
| 597,972 | CSMC Trust, Ser 2015-2, Class B4, 144a, 3.863%, 2/25/45(A)(C) | 567,583 | ||
| 488,488 | CSMC Trust, Ser 2015-WIN1, Class B3, 144a, 3.763%, 12/25/44(A)(C) | 470,671 | ||
| 662,611 | CSMC Trust, Ser 2018-J1, Class B2, 144a, 3.577%, 2/25/48(A)(C) | 608,582 | ||
| 941,150 | EverBank Mortgage Loan Trust, Ser 2018-1, Class B2, 144a, 3.556%, 2/25/48(A)(C) | 862,283 | ||
| 861,859 | EverBank Mortgage Loan Trust, Ser 2018-1, Class B3, 144a, 3.556%, 2/25/48(A)(C) | 788,961 | ||
| 12,489 | Galton Funding Mortgage Trust, Ser 2019-1, Class A22, 144a, 4.000%, 2/25/59(A)(C) | 11,774 | ||
| 225,714 | GS Mortgage-Backed Securities Corp. Trust, Ser 2020-PJ3, Class A14, 144a, 3.000%, 10/25/50(A)(C) | 196,290 | ||
| Principal Amount | Market Value | |||
| Non-Agency Collateralized Mortgage Obligations — 6.9% (Continued) | ||||
| $ 8,640 | JP Morgan Mortgage Trust, Ser 2005-A1, Class 2A1, 5.655%, 2/25/35(A)(C) | $ 8,485 | ||
| 12,445 | JP Morgan Mortgage Trust, Ser 2006-A4, Class 2A2, 5.219%, 6/25/36(A)(C) | 8,573 | ||
| 324,934 | JP Morgan Mortgage Trust, Ser 2015-IVR2, Class B3, 144a, 5.084%, 1/25/45(A)(C) | 322,993 | ||
| 1,223,569 | JP Morgan Mortgage Trust, Ser 2017-1, Class B2, 144a, 3.445%, 1/25/47(A)(C) | 1,110,604 | ||
| 768,795 | JP Morgan Mortgage Trust, Ser 2018-8, Class B3, 144a, 4.042%, 1/25/49(A)(C) | 706,897 | ||
| 130,464 | JP Morgan Mortgage Trust, Ser 2019-INV1, Class A15, 144a, 4.000%, 9/25/49(A)(C) | 121,977 | ||
| 991,852 | JP Morgan Mortgage Trust, Ser 2021-11, Class A3, 144a, 2.500%, 1/25/52(A)(C) | 818,394 | ||
| 13,436 | MASTR Alternative Loan Trust, Ser 2004-7, Class 10A1, 6.000%, 6/25/34 | 13,515 | ||
| 654,544 | Mello Mortgage Capital Acceptance, Ser 2022-INV2, Class A15, 144a, 3.000%, 4/25/52(A)(C) | 559,175 | ||
| 1,100,000 | Mill City Mortgage Loan Trust, Ser 2016-1, Class B2, 144a, 3.877%, 4/25/57(A)(C) | 1,034,413 | ||
| 947,979 | Mill City Mortgage Loan Trust, Ser 2018-3, Class M3, 144a, 3.250%, 8/25/58(A)(C) | 850,720 | ||
| 621,461 | OBX Trust, Ser 2022-INV4, Class A8, 144a, 3.000%, 6/25/52(A)(C) | 561,609 | ||
| 135,465 | Residential Asset Securitization Trust, Ser 2006-A1, Class 1A3, 6.000%, 4/25/36 | 52,361 | ||
| 53,976 | Sequoia Mortgage Trust, Ser 2013-10, Class B2, 144a, 3.534%, 8/25/43(A)(C) | 52,762 | ||
| 46,024 | Sequoia Mortgage Trust, Ser 2013-5, Class B1, 144a, 3.488%, 5/25/43(A)(C) | 45,202 | ||
| 426,130 | Sequoia Mortgage Trust, Ser 2017-2, Class A1, 144a, 3.500%, 2/25/47(A)(C) | 388,908 | ||
| 1,126,354 | Sequoia Mortgage Trust, Ser 2026-4, Class A5, 144a, 5.000%, 3/25/56(A)(C) | 1,111,747 | ||
| 1,000,000 | Towd Point Mortgage Trust, Ser 2017-1, Class B1, 144a, 3.734%, 10/25/56(A)(C) | 926,837 | ||
| 800,000 | Towd Point Mortgage Trust, Ser 2017-4, Class B1, 144a, 3.631%, 6/25/57(A)(C) | 699,451 | ||
| 800,000 | Towd Point Mortgage Trust, Ser 2019-4, Class A2, 144a, 3.250%, 10/25/59(A)(C) | 726,548 | ||
| 675,268 | Verus Securitization Trust, Ser 2022-3, Class A1, 144a, 5.130%, 2/25/67(A)(C) | 642,983 | ||
| 35,629 | Washington Mutual Mortgage Pass-Through Certificates, Ser 2005-9, Class 2A4, 5.500%, 11/25/35 | 33,185 | ||
| 749,620 | Wells Fargo Mortgage Backed Securities Trust, Ser 2021-RR1, Class A3, 144a, 2.500%, 12/25/50(A)(C) | 673,939 | ||
| Total Non-Agency Collateralized Mortgage Obligations | $19,346,820 | |||
| Commercial Mortgage-Backed Securities — 3.8% | ||||
| 875,000 | BMO Mortgage Trust, Ser 2025-5C10, Class B, 6.445%, 5/15/58(A)(C) | 902,981 | ||
| 305,000 | Citigroup Commercial Mortgage Trust, Ser 2017-P8, Class AS, 3.789%, 9/15/50(A)(C) | 290,688 | ||
| 830,000 | Citigroup Commercial Mortgage Trust, Ser 2020-GC46, Class A5, 2.717%, 2/15/53 | 763,391 | ||
| 1,255,445 | CSMC, Ser 2021-B33, Class A1, 144a, 3.053%, 10/10/43 | 1,186,092 | ||
| 1,040,000 | ESTN Trust, Ser 2026-TOWN, Class C, 144a, 5.938%, 5/12/46(A)(C) | 1,057,204 | ||
| 1,750,000 | GS Mortgage Securities Trust, Ser 2017-FARM, Class B, 144a, 3.659%, 1/10/43(A)(C) | 1,585,765 | ||
| Principal Amount | Market Value | |||
| Commercial Mortgage-Backed Securities — 3.8% (Continued) | ||||
| $ 765,000 | HONO Mortgage Trust, Ser 2021-LULU, Class B, 144a, (TSFR1M + 1.564%), 5.190%, 10/15/36(A) | $ 756,645 | ||
| 515,000 | JPMBB Commercial Mortgage Securities Trust, Ser 2014-C25, Class AS, 4.065%, 11/15/47 | 502,125 | ||
| 950,000 | JPMF1 Multifamily Mortgage Trust, Ser 2026-FX1, Class A3, 5.309%, 5/15/59 | 961,207 | ||
| 1,200,000 | JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-MINN, Class A, 144a, (TSFR1M + 1.317%), 4.942%, 11/15/35(A) | 719,988 | ||
| 340,000 | UBS Commercial Mortgage Trust, Ser 2017-C1, Class AS, 3.724%, 6/15/50 | 333,748 | ||
| 1,400,000 | VEGAS Trust, Ser 2024-TI, Class A, 144a, 5.518%, 11/10/39 | 1,398,448 | ||
| Total Commercial Mortgage-Backed Securities | $10,458,282 | |||
| U.S. Government Mortgage-Backed Obligations — 3.4% | ||||
| 22,536 | FHLMC, Pool #1Q0339, (RFUCCT1Y + 1.908%), 6.160%, 4/1/37(A) | 23,069 | ||
| 3,752 | FHLMC, Pool #A12886, 5.000%, 8/1/33 | 3,764 | ||
| 28,128 | FHLMC, Pool #A13842, 6.000%, 9/1/33 | 28,811 | ||
| 2,137 | FHLMC, Pool #A21415, 5.000%, 5/1/34 | 2,132 | ||
| 5,681 | FHLMC, Pool #A35682, 5.000%, 7/1/35 | 5,712 | ||
| 3,153 | FHLMC, Pool #A36523, 5.000%, 8/1/35 | 3,166 | ||
| 14,791 | FHLMC, Pool #A46590, 5.000%, 8/1/35 | 14,881 | ||
| 1,636 | FHLMC, Pool #A64971, 5.500%, 8/1/37 | 1,683 | ||
| 23,177 | FHLMC, Pool #A96485, 4.500%, 1/1/41 | 23,001 | ||
| 150,024 | FHLMC, Pool #A97897, 4.500%, 4/1/41 | 148,886 | ||
| 6,098 | FHLMC, Pool #C62740, 7.000%, 1/1/32 | 6,447 | ||
| 2,682 | FHLMC, Pool #C72254, 6.500%, 7/1/32 | 2,778 | ||
| 4,631 | FHLMC, Pool #G02184, 5.000%, 4/1/36 | 4,683 | ||
| 82,370 | FHLMC, Pool #G05733, 5.000%, 11/1/39 | 83,290 | ||
| 664,543 | FHLMC REMIC, Pool #SD1436, 4.500%, 8/1/52 | 642,681 | ||
| 3,009 | FNMA, Pool #561741, 7.500%, 1/1/31 | 3,076 | ||
| 2,666 | FNMA, Pool #640291, 7.000%, 8/1/32 | 2,815 | ||
| 6,396 | FNMA, Pool #670402, 6.500%, 6/1/32 | 6,619 | ||
| 46,947 | FNMA, Pool #745257, 6.000%, 1/1/36 | 49,253 | ||
| 13,872 | FNMA, Pool #748895, 6.000%, 12/1/33 | 13,833 | ||
| 24,008 | FNMA, Pool #810049, 5.500%, 3/1/35 | 24,121 | ||
| 15,288 | FNMA, Pool #819297, 6.000%, 9/1/35 | 15,998 | ||
| 380,549 | FNMA, Pool #881279, 5.000%, 11/1/36 | 384,034 | ||
| 11,184 | FNMA, Pool #889060, 6.000%, 1/1/38 | 11,973 | ||
| 24,473 | FNMA, Pool #889061, 6.000%, 1/1/38 | 25,678 | ||
| 823 | FNMA, Pool #895657, 6.500%, 8/1/36 | 821 | ||
| 47,868 | FNMA, Pool #905049, 5.500%, 11/1/36 | 48,914 | ||
| 124,849 | FNMA, Pool #928553, 5.500%, 8/1/37 | 127,810 | ||
| 56,913 | FNMA, Pool #931535, 5.500%, 7/1/39 | 56,375 | ||
| 57,688 | FNMA, Pool #AA3467, 4.500%, 4/1/39 | 57,181 | ||
| 92,949 | FNMA, Pool #AA4584, 4.500%, 4/1/39 | 92,131 | ||
| 22,493 | FNMA, Pool #AB1800, 4.000%, 11/1/40 | 21,868 | ||
| 19,584 | FNMA, Pool #AD6193, 5.000%, 6/1/40 | 19,427 | ||
| 35,990 | FNMA, Pool #AE1568, 4.000%, 9/1/40 | 34,990 | ||
| 177,318 | FNMA, Pool #AE2497, 4.500%, 9/1/40 | 175,757 | ||
| 22,385 | FNMA, Pool #AE5441, 5.000%, 10/1/40 | 22,608 | ||
| 62,161 | FNMA, Pool #AH1135, 5.000%, 1/1/41 | 62,779 | ||
| 170,918 | FNMA, Pool #AH6622, 4.000%, 3/1/41 | 165,932 | ||
| 166,398 | FNMA, Pool #AL0150, 4.000%, 2/1/41 | 161,621 | ||
| 29,794 | FNMA, Pool #AL0211, 5.000%, 4/1/41 | 30,090 | ||
| 216,281 | FNMA, Pool #AS0779, 4.000%, 10/1/43 | 208,527 | ||
| 915,832 | FNMA, Pool #CA9306, 3.000%, 2/1/51 | 802,076 | ||
| 859,852 | FNMA, Pool #CB3606, 3.500%, 5/1/52 | 782,729 | ||
| 2,175,101 | FNMA, Pool #FM6031, 2.000%, 2/1/51 | 1,746,266 | ||
| 2,153,574 | FNMA, Pool #FM6559, 2.000%, 3/1/51 | 1,728,584 | ||
| 766,317 | FNMA, Pool #FM9907, 2.500%, 12/1/51 | 645,972 | ||
| Principal Amount | Market Value | |||
| U.S. Government Mortgage-Backed Obligations — 3.4% (Continued) | ||||
| $ 660,613 | FNMA, Pool #MA4128, 2.000%, 9/1/40 | $ 577,867 | ||
| 413,098 | GNMA, Pool #4424, 5.000%, 4/20/39 | 418,832 | ||
| Total U.S. Government Mortgage-Backed Obligations | $9,521,541 | |||
| Agency Collateralized Mortgage Obligations — 3.2% | ||||
| 2,085,000 | FHLMC REMIC, Ser 4991, Class HB, 2.000%, 7/25/50 | 1,532,325 | ||
| 42,725 | FNMA REMIC, Ser 2003-32, Class BZ, 6.000%, 11/25/32 | 43,344 | ||
| 4,751 | FNMA REMIC, Ser 2015-51, Class KC, 3.000%, 6/25/45 | 4,552 | ||
| 1,420,000 | FNMA REMIC, Ser 2017-37, Class AY, 3.000%, 5/25/47 | 1,116,579 | ||
| 1,800,000 | FNMA REMIC, Ser 2019-35, Class KB, 3.000%, 7/25/49 | 1,493,554 | ||
| 551,716 | FNMA REMIC, Ser 2023-9, Class BZ, 4.500%, 3/25/53 | 500,945 | ||
| 20,440 | FNMA Trust, Ser 2004-W15, Class 2AF, (SOFR30A + 0.364%), 3.992%, 8/25/44(A) | 20,259 | ||
| 261,123 | GNMA, Ser 2010-169, Class AW, 4.500%, 12/20/40 | 259,567 | ||
| 2,588,005 | GNMA, Ser 2012-147, Class IO, 0.503%, 4/16/54(A)(C)(D) | 20,022 | ||
| 1,081,291 | GNMA, Ser 2016-113, Class IO, 1.136%, 2/16/58(A)(C)(D) | 64,281 | ||
| 6,877,644 | GNMA, Ser 2016-140, Class IO, 0.729%, 5/16/58(A)(C)(D) | 235,442 | ||
| 1,650,000 | GNMA, Ser 2016-83, Class PB, 3.000%, 6/20/46 | 1,309,261 | ||
| 2,500,000 | GNMA, Ser 2018-112, Class YC, 3.500%, 8/20/48 | 2,022,058 | ||
| 350,000 | GNMA, Ser 2022-200, Class PL, 5.500%, 9/20/52 | 352,757 | ||
| Total Agency Collateralized Mortgage Obligations | $8,974,946 | |||
| Asset-Backed Securities — 2.4% | ||||
| 919,462 | CF Hippolyta Issuer LLC, Ser 2020-1, Class A1, 144a, 1.690%, 7/15/60 | 759,621 | ||
| 1,000,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2022-2A, Class BR, 144a, (TSFR3M + 1.400%), 5.075%, 4/19/35(A) | 998,681 | ||
| 255 | CIT Home Equity Loan Trust, Ser 2002-1, Class AF5, 7.210%, 2/25/33(A)(C) | 255 | ||
| 900,000 | Drive Auto Receivables Trust, Ser 2025-2, Class D, 4.900%, 12/15/32 | 891,639 | ||
| 70,912 | FHLMC Structured Pass Through Securities, Ser T-20, Class A5, 8.370%, 12/25/29(A)(C) | 73,146 | ||
| 300 | FNMA REMIC Trust, Ser 2001-W2, Class AF6, 6.089%, 10/25/31(A)(C) | 298 | ||
| 800,000 | Goto Foods Funding LLC, Ser 2026-1A, Class A2, 144a, 6.854%, 4/30/56 | 801,008 | ||
| 49,045 | Jack in the Box Funding LLC, Ser 2022-1A, Class A2I, 144a, 3.445%, 2/26/52 | 47,842 | ||
| 15,580 | Mid-State Capital Corp. Trust, Ser 2005-1, Class M2, 7.079%, 1/15/40 | 15,553 | ||
| 1,140,000 | Neighborly Issuer LLC, Ser 2021-1A, Class A2, 144a, 3.584%, 4/30/51 | 1,092,771 | ||
| 800,000 | Verdelite Static CLO Ltd. (Jersey), Ser 2024-1A, Class B, 144a, (TSFR3M + 1.650%), 5.325%, 7/20/32(A) | 800,394 | ||
| 1,519,985 | Wendy's Funding LLC, Ser 2021-1A, Class A2II, 144a, 2.775%, 6/15/51 | 1,343,016 | ||
| Total Asset-Backed Securities | $6,824,224 | |||
| Sovereign Government Obligations — 0.6% | ||||
| 200,000 | Egypt Government International Bond, 144a, 5.800%, 9/30/27 | 200,068 | ||
| 3,200 | Ghana Government International Bond, 144a, 4.734%, 7/3/26# | 3,190 | ||
| 84,700 | Ghana Government International Bond, 144a, 5.000%, 7/3/29(A)(C) | 83,514 | ||
| 16,711 | Ghana Government International Bond, 144a, 5.502%, 1/3/30# | 14,981 | ||
| Principal Amount | Market Value | |||
| Sovereign Government Obligations — 0.6% (Continued) | ||||
| $ 878,000 | Mexico Government International Bond, 3.771%, 5/24/61 | $ 526,106 | ||
| 736,000 | Republic of Poland Government International Bond, Ser 30Y, 6.125%, 4/14/56 | 748,207 | ||
| Total Sovereign Government Obligations | $1,576,066 | |||
| Shares | ||||
| Short-Term Investment Funds — 3.7% | ||||
| 8,167,234 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 8,167,234 | ||
| 2,073,689 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 2,073,689 | ||
| Total Short-Term Investment Funds | $10,240,923 | |||
| Total Investment Securities—100.3% (Cost $286,266,633) | $279,226,536 | |||
| Liabilities in Excess of Other Assets — (0.3%) | (882,698) | |||
| Net Assets — 100.0% | $278,343,838 | |||
| (A) | Variable rate security - Rate reflected is the rate in effect as of June 30, 2026. |
| (B) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
| (C) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
| (D) | Interest only security - This type of security represents the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the “interest only” holding. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $1,989,813. |
| # | Zero coupon bond - Rate shown reflects effective yield to maturity at time of purchase. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| CLO – Collateralized Loan Obligation |
| DAC – Designated Activity Company |
| FHLMC – Federal Home Loan Mortgage Corporation |
| FNMA – Federal National Mortgage Association |
| GNMA – Government National Mortgage Association |
| IO – Interest Only |
| JSC – Joint Stock Company |
| LLC – Limited Liability Company |
| LP – Limited Partnership |
| MTN – Medium Term Note |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| REMIC – Real Estate Mortgage Investment Conduit |
| RFUCCT1Y – FTSE USD IBOR Consumer Cash Fallbacks Term One year |
| SOFR30A – Secured Overnight Financing Rate 30 Day Average |
| TSFR1M – One Month Term Secured Overnight Financing Rate |
| TSFR3M – Three Month Term Secured Overnight Financing Rate |
| 144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2026, these securities were valued at $73,505,377 or 26.4% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Assets: | ||||
| Corporate Bonds | $— | $143,379,630 | $— | $143,379,630 |
| U.S. Treasury Obligations | — | 68,904,104 | — | 68,904,104 |
| Non-Agency Collateralized Mortgage Obligations | — | 19,346,820 | — | 19,346,820 |
| Commercial Mortgage-Backed Securities | — | 10,458,282 | — | 10,458,282 |
| U.S. Government Mortgage-Backed Obligations | — | 9,521,541 | — | 9,521,541 |
| Agency Collateralized Mortgage Obligations | — | 8,974,946 | — | 8,974,946 |
| Asset-Backed Securities | — | 6,824,224 | — | 6,824,224 |
| Sovereign Government Obligations | — | 1,576,066 | — | 1,576,066 |
| Short-Term Investment Funds | 10,240,923 | — | — | 10,240,923 |
| Total Assets | $10,240,923 | $268,985,613 | $— | $279,226,536 |
| Liabilities: | ||||
| Other Financial Instruments | ||||
| Futures | ||||
| Interest rate contracts | $(48,512) | $— | $— | $(48,512) |
| Total Liabilities | $(48,512) | $— | $— | $(48,512) |
| Total | $10,192,411 | $268,985,613 | $— | $279,178,024 |
| Description | Expiration Date | Number of Contracts | Notional Value | Unrealized Depreciation |
| Long Futures: | ||||
| 30-Year U.S. Ultra Treasury Bond | 9/21/2026 | 46 | $5,343,188 | $(48,512) |
| $(48,512) |
| Principal Amount | Market Value | |||
| Corporate Bonds — 81.1% | ||||
| Consumer Discretionary — 16.1% | ||||
| $ 3,102,000 | A&K Travel Group Holdings Ltd. (United Kingdom), 144a, 7.500%, 5/15/33 | $ 3,132,381 | ||
| 5,938,000 | Allison Transmission, Inc., 144a, 4.750%, 10/1/27 | 5,924,033 | ||
| 2,294,000 | American Axle & Manufacturing, Inc., 144a, 6.375%, 10/15/32 | 2,285,933 | ||
| 1,466,000 | American Axle & Manufacturing, Inc., 144a, 7.750%, 10/15/33 | 1,447,675 | ||
| 480,000 | Asbury Automotive Group, Inc., 4.500%, 3/1/28 | 475,159 | ||
| 2,340,000 | Asbury Automotive Group, Inc., 144a, 4.625%, 11/15/29 | 2,278,642 | ||
| 2,120,000 | Bath & Body Works, Inc., 6.750%, 7/1/36 | 2,123,619 | ||
| 4,986,000 | Bath & Body Works, Inc., 6.875%, 11/1/35 | 5,102,488 | ||
| 92,000 | Bath & Body Works, Inc., 7.500%, 6/15/29 | 93,172 | ||
| 2,801,000 | Boyne USA, Inc., 144a, 4.750%, 5/15/29 | 2,752,368 | ||
| 2,573,000 | Caesars Entertainment, Inc., 144a, 6.000%, 10/15/32† | 2,328,897 | ||
| 1,778,000 | Caesars Entertainment, Inc., 144a, 6.500%, 2/15/32 | 1,736,192 | ||
| 3,952,000 | Carnival Corp. Ltd., 144a, 6.125%, 2/15/33† | 3,998,187 | ||
| 4,100,000 | Churchill Downs, Inc., 144a, 4.750%, 1/15/28 | 4,060,451 | ||
| 1,200,000 | Churchill Downs, Inc., 144a, 5.500%, 4/1/27 | 1,199,671 | ||
| 1,896,000 | Cougar JV Subsidiary LLC, 144a, 8.000%, 5/15/32 | 1,987,823 | ||
| 3,175,000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., 144a, 6.750%, 1/15/30† | 3,113,776 | ||
| 4,336,000 | Gap, Inc. (The), 144a, 3.625%, 10/1/29 | 4,085,637 | ||
| 4,531,000 | Hilton Domestic Operating Co., Inc., 144a, 3.750%, 5/1/29 | 4,369,788 | ||
| 1,224,000 | LBM Acquisition LLC, 144a, 6.250%, 1/15/29 | 881,665 | ||
| 5,183,000 | LBM Acquisition LLC, 144a, 9.500%, 6/15/31 | 4,601,891 | ||
| 6,944,000 | Light & Wonder International, Inc., 144a, 6.250%, 10/1/33 | 6,906,364 | ||
| 3,966,000 | Live Nation Entertainment, Inc., 144a, 4.750%, 10/15/27 | 3,957,335 | ||
| 1,125,000 | Live Nation Entertainment, Inc., 144a, 6.500%, 5/15/27 | 1,125,350 | ||
| 3,449,000 | MGM Resorts International, 4.750%, 10/15/28 | 3,424,531 | ||
| 4,480,000 | Nissan Motor Co. Ltd. (Japan), 144a, 8.125%, 7/17/35† | 4,745,443 | ||
| 3,591,000 | Ontario Gaming GTA LP/OTG Co-Issuer, Inc. (Canada), 144a, 8.000%, 8/1/30 | 3,558,484 | ||
| 4,346,000 | Opal Bidco SAS (France), 144a, 6.500%, 3/31/32 | 4,433,676 | ||
| 893,000 | Prestige Brands, Inc., 6.250%, 7/15/34 | 893,000 | ||
| 651,000 | Qnity Electronics, Inc., 144a, 5.750%, 8/15/32 | 655,278 | ||
| 1,908,000 | Qnity Electronics, Inc., 144a, 6.250%, 8/15/33 | 1,941,054 | ||
| 975,000 | QXO Building Products, Inc., 144a, 6.500%, 7/15/31 | 993,791 | ||
| 2,270,000 | QXO Building Products, Inc., 144a, 6.750%, 4/30/32 | 2,344,095 | ||
| 1,015,000 | QXO Building Products, Inc., 144a, 6.875%, 7/15/34 | 1,042,959 | ||
| 3,699,000 | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp., 144a, 6.625%, 2/1/33 | 3,754,637 | ||
| 3,284,000 | Service Corp. International, 5.750%, 10/15/32 | 3,297,264 | ||
| 3,589,000 | Six Flags Entertainment Corp., 144a, 7.250%, 5/15/31† | 3,568,717 | ||
| 1,084,000 | Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC, 144a, 8.625%, 1/15/32† | 1,116,559 | ||
| 3,573,000 | Specialty Building Products Holdings LLC / SBP Finance Corp., 144a, 7.750%, 10/15/29 | 3,286,795 | ||
| 990,000 | Station Casinos LLC, 144a, 4.625%, 12/1/31 | 939,943 | ||
| 2,925,000 | Station Casinos LLC, 144a, 4.500%, 2/15/28 | 2,891,645 | ||
| 1,600,000 | Station Casinos LLC, 144a, 6.625%, 3/15/32 | 1,625,048 | ||
| 5,690,000 | Tenneco, Inc., 144a, 8.000%, 11/17/28 | 5,725,603 | ||
| 3,685,000 | Under Armour, Inc., 144a, 7.250%, 7/15/30 | 3,712,741 | ||
| 3,439,000 | Victoria's Secret & Co., 144a, 4.625%, 7/15/29 | 3,349,636 | ||
| 407,000 | VistaJet Malta Finance PLC / Vista Management Holding, Inc. (Switzerland), 144a, 9.500%, 6/1/28† | 412,086 | ||
| 5,245,000 | VistaJet Malta Finance PLC / XO Management Holding, Inc. (Switzerland), 144a, 6.375%, 2/1/30† | 4,990,753 | ||
| 1,219,000 | Whirlpool Corp., 4.750%, 2/26/29 | 1,137,431 | ||
| 1,192,000 | Whirlpool Corp., 6.500%, 6/15/33 | 1,033,014 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 81.1% (Continued) | ||||
| Consumer Discretionary — 16.1% (Continued) | ||||
| $ 605,000 | Whirlpool Corp., 144a, 7.500%, 7/1/31 | $ 612,718 | ||
| 3,624,000 | ZF North America Capital, Inc. (Germany), 144a, 7.500%, 3/24/31† | 3,648,495 | ||
| 139,103,893 | ||||
| Energy — 11.3% | ||||
| 1,436,000 | Archrock Partners LP / Archrock Partners Finance Corp., 144a, 6.625%, 9/1/32 | 1,464,449 | ||
| 1,690,000 | Ascent Resources Utica Holdings LLC / ARU Finance Corp., 144a, 6.625%, 10/15/32 | 1,710,037 | ||
| 1,101,000 | Comstock Resources, Inc., 144a, 6.750%, 3/1/29 | 1,084,054 | ||
| 2,466,000 | CVR Energy, Inc., 144a, 7.500%, 2/15/31 | 2,454,523 | ||
| 1,920,295 | CVR Energy, Inc., 144a, 7.875%, 2/15/34 | 1,899,380 | ||
| 6,720,000 | ITT Holdings LLC, 144a, 6.500%, 8/1/29 | 6,641,400 | ||
| 2,130,000 | Kodiak Gas Services LLC, 144a, 6.500%, 10/1/33 | 2,159,025 | ||
| 2,519,000 | Kodiak Gas Services LLC, 144a, 6.750%, 10/1/35 | 2,585,109 | ||
| 5,606,000 | Moss Creek Resources Holdings, Inc., 144a, 8.250%, 9/1/31 | 5,556,132 | ||
| 887,000 | Nabors Industries, Inc., 144a, 7.625%, 11/15/32 | 907,439 | ||
| 677,000 | Nabors Industries, Inc., 144a, 8.875%, 8/15/31 | 695,058 | ||
| 1,634,000 | Nabors Industries, Inc., 144a, 9.125%, 1/31/30 | 1,707,623 | ||
| 4,115,000 | Northern Oil & Gas, Inc., 144a, 7.875%, 10/15/33 | 4,089,096 | ||
| 6,804,000 | ONEOK, Inc., 5.450%, 6/1/47 | 6,256,751 | ||
| 208,000 | ONEOK, Inc., 5.600%, 4/1/44 | 197,033 | ||
| 2,439,000 | Par Petroleum LLC, 144a, 7.375%, 6/1/34 | 2,468,273 | ||
| 3,110,000 | Summit Midstream Holdings LLC, 144a, 8.625%, 10/31/29 | 3,240,931 | ||
| 1,240,000 | Sunoco LP, 144a, 5.625%, 7/15/34 | 1,210,209 | ||
| 3,110,000 | Sunoco LP, 144a, 6.250%, 7/1/33 | 3,137,962 | ||
| 2,220,000 | Sunoco LP, 144a, 7.250%, 5/1/32 | 2,302,169 | ||
| 5,779,000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 144a, 6.000%, 12/31/30 | 5,781,572 | ||
| 1,045,000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 144a, 6.000%, 9/1/31 | 1,034,078 | ||
| 1,000,000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 144a, 7.375%, 2/15/29 | 1,025,793 | ||
| 2,582,000 | TerraForm Power Operating LLC, 144a, 5.000%, 1/31/28 | 2,566,301 | ||
| 6,234,426 | TGNR Intermediate Holdings LLC, 144a, 5.500%, 10/15/29 | 6,132,650 | ||
| 4,334,000 | TransMontaigne Partners LLC, 144a, 8.500%, 6/15/30 | 4,417,148 | ||
| 5,344,000 | Transocean International Ltd., 6.800%, 3/15/38† | 4,956,924 | ||
| 7,713,000 | Venture Global LNG, Inc., 144a, 8.375%, 6/1/31 | 8,022,145 | ||
| 1,992,000 | Venture Global Plaquemines LNG LLC, 144a, 6.500%, 1/15/34 | 2,075,724 | ||
| 920,000 | Venture Global Plaquemines LNG LLC, 144a, 6.750%, 1/15/36 | 975,499 | ||
| 630,000 | Venture Global Plaquemines LNG LLC, 144a, 7.500%, 5/1/33 | 691,458 | ||
| 1,545,000 | Venture Global Plaquemines LNG LLC, 144a, 7.750%, 5/1/35 | 1,732,728 | ||
| 7,738,000 | Western Midstream Operating LP, 5.250%, 2/1/50 | 6,736,267 | ||
| 97,914,940 | ||||
| Health Care — 8.7% | ||||
| 4,752,000 | 1261229 BC Ltd., 144a, 10.000%, 4/15/32 | 4,812,270 | ||
| 1,202,000 | Bausch Health Cos., Inc. (Canada), 144a, 4.875%, 6/1/28 | 1,111,525 | ||
| 1,804,000 | Bausch Health Cos., Inc. (Canada), 144a, 11.000%, 9/30/28 | 1,835,570 | ||
| 3,762,000 | CHS / Community Health Systems, Inc., 144a, 5.250%, 5/15/30† | 3,548,249 | ||
| 630,000 | CHS/Community Health Systems, Inc., 144a, 4.750%, 2/15/31† | 579,547 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 81.1% (Continued) | ||||
| Health Care — 8.7% (Continued) | ||||
| $ 2,635,000 | CHS/Community Health Systems, Inc., 144a, 6.875%, 4/15/29 | $ 2,591,879 | ||
| 3,754,000 | Fortrea Holdings, Inc., 144a, 7.500%, 7/1/30 | 3,806,590 | ||
| 3,776,000 | GENMAB A/S/GENMAB FINANCE LLC (Denmark), 144a, 6.250%, 12/15/32 | 3,848,242 | ||
| 1,828,000 | GENMAB A/S/GENMAB FINANCE LLC (Denmark), 144a, 7.250%, 12/15/33 | 1,910,388 | ||
| 2,960,000 | Global Medical Response, Inc., 144a, 7.375%, 10/1/32 | 3,067,315 | ||
| 6,358,000 | Grifols Escrow Issuer SA (Spain), 144a, 4.750%, 10/15/28 | 6,241,993 | ||
| 3,721,000 | Haemonetics Corp., 2.500%, 6/1/29 | 3,761,187 | ||
| 3,369,000 | HCA, Inc., 5.250%, 6/15/49 | 3,037,910 | ||
| 6,673,000 | Integer Holdings Corp., 1.875%, 3/15/30 | 6,447,786 | ||
| 3,000,000 | IQVIA, Inc., 144a, 6.250%, 6/1/32 | 3,050,952 | ||
| 1,509,000 | LifePoint Health, Inc., 144a, 9.875%, 8/15/30 | 1,589,157 | ||
| 2,607,000 | LifePoint Health, Inc., 144a, 8.375%, 2/15/32 | 2,714,096 | ||
| 4,486,000 | Medline Borrower LP, 144a, 3.875%, 4/1/29 | 4,356,999 | ||
| 3,856,000 | Molina Healthcare, Inc., 144a, 4.375%, 6/15/28 | 3,788,805 | ||
| 4,077,000 | Option Care Health, Inc., 144a, 4.375%, 10/31/29 | 3,911,614 | ||
| 3,815,000 | Sotera Health Holdings LLC, 144a, 7.375%, 6/1/31 | 3,946,183 | ||
| 1,935,000 | Surgery Center Holdings, Inc., 144a, 7.250%, 4/15/32† | 1,958,810 | ||
| 3,000,000 | Tenet Healthcare Corp., 5.125%, 11/1/27 | 2,999,976 | ||
| 74,917,043 | ||||
| Consumer Staples — 8.4% | ||||
| 2,321,000 | ADI Escrow Issuer LLC, 144a, 7.125%, 7/15/34 | 2,363,459 | ||
| 6,107,000 | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 144a, 3.500%, 3/15/29 | 5,804,793 | ||
| 605,000 | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 144a, 6.250%, 3/15/33 | 599,708 | ||
| 1,917,000 | Allied Universal Holdco LLC, 144a, 7.875%, 2/15/31 | 2,004,007 | ||
| 7,256,000 | American Builders & Contractors Supply Co., Inc., 144a, 4.000%, 1/15/28 | 7,131,567 | ||
| 405,000 | Bath & Body Works, Inc., 144a, 6.625%, 10/1/30 | 413,156 | ||
| 4,637,000 | C&S Group Enterprises LLC, 144a, 5.000%, 12/15/28 | 4,394,527 | ||
| 3,200,000 | Chobani LLC / Chobani Finance Corp., Inc., 144a, 4.625%, 11/15/28 | 3,168,992 | ||
| 5,227,000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., 144a, 4.625%, 1/15/29 | 5,084,121 | ||
| 2,615,000 | Gates Corp., 144a, 6.875%, 7/1/29 | 2,674,800 | ||
| 5,484,000 | Korn Ferry, 144a, 4.625%, 12/15/27 | 5,455,931 | ||
| 5,143,000 | LCM Investments Holdings II LLC, 144a, 4.875%, 5/1/29 | 5,008,656 | ||
| 1,274,000 | Papa John's International, Inc., 144a, 3.875%, 9/15/29 | 1,219,512 | ||
| 2,484,000 | Performance Food Group, Inc., 144a, 4.250%, 8/1/29 | 2,409,541 | ||
| 2,000,000 | Performance Food Group, Inc., 144a, 6.125%, 9/15/32 | 2,024,572 | ||
| 6,355,000 | Post Holdings, Inc., 144a, 6.250%, 10/15/34 | 6,253,233 | ||
| 4,549,000 | Raven Acquisition Holdings LLC, 144a, 6.875%, 11/15/31 | 4,444,400 | ||
| 2,106,000 | Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc., 144a, 6.750%, 8/15/32 | 2,111,157 | ||
| 1,871,000 | Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed, 144a, 4.625%, 3/1/29 | 1,807,381 | ||
| 3,605,000 | Tyson Foods, Inc., 5.100%, 9/28/48 | 3,260,048 | ||
| 4,925,000 | Wolverine World Wide, Inc., 144a, 4.000%, 8/15/29 | 4,640,656 | ||
| 72,274,217 | ||||
| Industrials — 8.1% | ||||
| 2,260,000 | AECOM, 144a, 6.000%, 8/1/33 | 2,263,392 | ||
| 1,477,000 | Amsted Industries, Inc., 144a, 4.625%, 5/15/30 | 1,438,233 | ||
| 1,370,000 | Amsted Industries, Inc., 144a, 6.375%, 3/15/33 | 1,385,170 | ||
| 3,015,000 | Avient Corp., 144a, 6.250%, 11/1/31 | 3,053,942 | ||
| 2,103,000 | Axon Enterprise, Inc., 144a, 6.250%, 3/15/33 | 2,155,447 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 81.1% (Continued) | ||||
| Industrials — 8.1% (Continued) | ||||
| $ 6,174,000 | Ball Corp., 2.875%, 8/15/30 | $ 5,633,716 | ||
| 3,462,000 | Builders FirstSource, Inc., 144a, 6.375%, 3/1/34 | 3,500,203 | ||
| 2,140,000 | BWX Technologies, Inc., 144a, 4.125%, 4/15/29 | 2,073,149 | ||
| 4,620,000 | BWX Technologies, Inc., 144a, 4.125%, 6/30/28 | 4,532,732 | ||
| 2,157,000 | Clean Harbors, Inc., 144a, 5.750%, 10/15/33 | 2,170,790 | ||
| 625,000 | Clean Harbors, Inc., 144a, 6.375%, 2/1/31 | 633,726 | ||
| 676 | CP Atlas Buyer, Inc., 144a, 7.000%, 12/1/28 | 619 | ||
| 2,729,000 | CP Atlas Buyer, Inc., 144a, 9.750%, 7/15/30† | 2,621,574 | ||
| 3,605,418 | CP Atlas Buyer, Inc., PIK, 144a, 12.750%, 1/15/31(A) | 2,769,523 | ||
| 1,700,000 | Crown Americas LLC, 5.875%, 6/1/33 | 1,710,460 | ||
| 2,712,000 | EMRLD Borrower LP / Emerald Co-Issuer, Inc., 144a, 6.625%, 12/15/30 | 2,772,784 | ||
| 2,650,000 | First Student Bidco, Inc. / First Transit Parent, Inc., 144a, 4.000%, 7/31/29 | 2,537,822 | ||
| 2,795,000 | JH North America Holdings, Inc., 144a, 6.125%, 7/31/32 | 2,818,389 | ||
| 7,176,000 | Madison IAQ LLC, 144a, 4.125%, 6/30/28 | 7,059,249 | ||
| 2,230,000 | Quikrete Holdings, Inc., 144a, 6.375%, 3/1/32 | 2,277,254 | ||
| 1,370,000 | Standard Building Solutions, Inc., 144a, 6.500%, 8/15/32 | 1,378,250 | ||
| 3,773,000 | Standard Industries, Inc., 144a, 4.375%, 7/15/30 | 3,583,339 | ||
| 2,898,000 | Trident TPI Holdings, Inc., 144a, 12.750%, 12/31/28 | 2,902,072 | ||
| 540,000 | WESCO Distribution, Inc., 144a, 5.250%, 4/15/31 | 535,093 | ||
| 1,099,000 | WESCO Distribution, Inc., 144a, 5.500%, 4/15/34 | 1,087,249 | ||
| 2,507,000 | WESCO Distribution, Inc., 144a, 6.375%, 3/15/33 | 2,571,949 | ||
| 6,164,000 | Wilsonart LLC, 144a, 11.000%, 8/15/32† | 4,994,954 | ||
| 70,461,080 | ||||
| Communication Services — 7.8% | ||||
| 7,229,708 | Altice France SA (France), 144a, 6.875%, 10/15/30 | 7,014,438 | ||
| 4,584,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.000%, 2/1/28 | 4,526,579 | ||
| 5,140,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.500%, 8/15/30 | 4,764,033 | ||
| 205,000 | CSC Holdings LLC, 144a, 3.375%, 2/15/31 | 121,392 | ||
| 76,000 | CSC Holdings LLC, 144a, 4.500%, 11/15/31 | 44,853 | ||
| 1,315,000 | CSC Holdings LLC, 144a, 4.625%, 12/1/30 | 305,738 | ||
| 4,767,000 | CSC Holdings LLC, 144a, 5.750%, 1/15/30 | 1,105,348 | ||
| 416,000 | CSC Holdings LLC, 144a, 4.125%, 12/1/30† | 247,225 | ||
| 1,151,000 | CSC Holdings LLC, 144a, 5.500%, 4/15/27† | 772,276 | ||
| 3,478,000 | Discovery Global Holdings, Inc., 5.050%, 3/15/42 | 2,547,878 | ||
| 3,100,000 | Fox Corp., 5.476%, 1/25/39 | 3,009,802 | ||
| 1,500,000 | Fox Corp., 5.576%, 1/25/49† | 1,395,137 | ||
| 4,777,000 | Go Daddy Operating Co. LLC / GD Finance Co., Inc., 144a, 3.500%, 3/1/29 | 4,500,459 | ||
| 5,070,000 | Gray Media, Inc., 144a, 4.750%, 10/15/30† | 3,645,653 | ||
| 1,635,000 | Gray Media, Inc., 144a, 7.250%, 8/15/33† | 1,610,255 | ||
| 951,000 | Gray Media, Inc., 144a, 9.625%, 7/15/32 | 917,263 | ||
| 5,500,000 | Level 3 Financing, Inc., 144a, 7.000%, 3/31/34 | 5,671,897 | ||
| 2,519,388 | Meridian Arc Holdco LLC, 144a, 6.250%, 4/30/31 | 2,525,470 | ||
| 1,061,000 | Nexstar Media, Inc., 144a, 4.750%, 11/1/28 | 1,039,311 | ||
| 2,371,000 | Nexstar Media, Inc., 144a, 6.500%, 9/15/33 | 2,370,413 | ||
| 1,895,000 | Nexstar Media, Inc., 144a, 7.250%, 4/15/34 | 1,888,850 | ||
| 1,000,000 | Odido Group Holding BV (Netherlands), 144a, 5.500%, 1/15/30, EUR | 1,149,298 | ||
| 5,485,000 | Scripps Escrow II, Inc., 144a, 3.875%, 1/15/29 | 5,005,925 | ||
| 2,133,000 | Snap, Inc., 144a, 6.875%, 3/1/33 | 2,079,027 | ||
| 1,400,000 | Telenet Finance Luxembourg Notes Sarl (Belgium), 144a, 5.500%, 3/1/28 | 1,366,208 | ||
| 684,000 | Virgin Media Finance PLC (United Kingdom), 144a, 5.000%, 7/15/30 | 519,290 | ||
| 2,397,000 | Virgin Media O2 Vendor Financing Notes VI DAC (Ireland), 144a, 8.500%, 3/15/33 | 1,925,466 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 81.1% (Continued) | ||||
| Communication Services — 7.8% (Continued) | ||||
| $ 1,460,000 | Virgin Media Secured Finance PLC (United Kingdom), 144a, 4.500%, 8/15/30 | $ 1,239,641 | ||
| 400,000 | Vmed O2 UK Financing I PLC (United Kingdom), 144a, 4.250%, 1/31/31 | 329,770 | ||
| 3,532,365 | Zayo Group Holdings, Inc., PIK, 144a, 9.250%, 3/9/30(A) | 3,527,950 | ||
| 67,166,845 | ||||
| Financials — 7.2% | ||||
| 406,000 | Acrisure LLC / Acrisure Finance, Inc., 144a, 4.250%, 2/15/29 | 370,563 | ||
| 789,000 | Acrisure LLC / Acrisure Finance, Inc., 144a, 7.500%, 11/6/30 | 747,674 | ||
| 4,402,000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144a, 4.250%, 10/15/27 | 4,349,215 | ||
| 3,451,000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144a, 7.000%, 1/15/31 | 3,507,033 | ||
| 3,774,000 | Apollo Debt Solutions BDC, 6.900%, 4/13/29 | 3,874,565 | ||
| 4,919,000 | Arthur J Gallagher & Co., 5.550%, 2/15/55 | 4,681,237 | ||
| 2,319,000 | Asurion LLC / Asurion Co-Issuer, Inc., 144a, 8.000%, 12/31/32 | 2,339,488 | ||
| 1,015,000 | Asurion LLC/ Asurion Co-Issuer, Inc., 144a, 8.375%, 2/1/34 | 939,806 | ||
| 5,408,000 | Coinbase Global, Inc., 144a, 3.375%, 10/1/28 | 5,134,247 | ||
| 4,791,000 | Focus Financial Partners LLC, 144a, 6.750%, 9/15/31 | 4,815,351 | ||
| 600,000 | GGAM Finance Ltd. (Ireland), 144a, 5.875%, 3/15/30† | 600,593 | ||
| 2,985,000 | GGAM Finance Ltd. (Ireland), 144a, 6.875%, 4/15/29 | 3,050,384 | ||
| 2,955,000 | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC (United Kingdom), 144a, 7.250%, 2/15/31 | 2,862,679 | ||
| 4,481,000 | Jefferies Finance LLC / JFIN Co-Issuer Corp., 144a, 5.000%, 8/15/28 | 4,328,436 | ||
| 2,157,441 | Midcap Financial Issuer Trust, 144a, 5.625%, 1/15/30† | 2,078,795 | ||
| 5,259,000 | Midcap Financial Issuer Trust, 144a, 6.500%, 5/1/28 | 5,250,801 | ||
| 9,622,000 | OneMain Finance Corp., 3.500%, 1/15/27 | 9,539,564 | ||
| 278,000 | OneMain Finance Corp., 3.875%, 9/15/28 | 269,243 | ||
| 176,000 | OneMain Finance Corp., 6.750%, 9/15/33 | 174,230 | ||
| 2,051,000 | OneMain Finance Corp., 7.125%, 9/15/32 | 2,085,590 | ||
| 565,000 | Rocket Cos., Inc., 144a, 6.125%, 8/1/31 | 577,117 | ||
| 565,000 | Rocket Cos., Inc., 144a, 6.500%, 6/15/34 | 579,302 | ||
| 62,155,913 | ||||
| Information Technology — 4.2% | ||||
| 3,757,000 | Central Parent LLC / CDK Global II LLC / CDK Financing Co., Inc., 144a, 8.000%, 6/15/29† | 2,066,350 | ||
| 1,045,000 | Cloud Software Group, Inc., 144a, 6.500%, 3/31/29 | 1,015,084 | ||
| 1,714,000 | Cloud Software Group, Inc., 144a, 8.250%, 6/30/32 | 1,608,473 | ||
| 4,125,000 | Cloud Software Group, Inc., 144a, 9.000%, 9/30/29 | 4,013,336 | ||
| 1,248,000 | Entegris, Inc., 144a, 3.625%, 5/1/29 | 1,193,211 | ||
| 1,488,000 | Entegris, Inc., 144a, 4.750%, 4/15/29 | 1,470,452 | ||
| 1,396,000 | OAK-Eagle Acquireco, Inc., 144a, 7.250%, 7/1/33 | 1,457,791 | ||
| 1,521,000 | OAK-Eagle Acquireco, Inc., 144a, 8.750%, 7/1/34 | 1,614,273 | ||
| 6,054,000 | ON Semiconductor Corp., 144a, 3.875%, 9/1/28 | 5,890,401 | ||
| 1,931,000 | Open Text Holdings, Inc. (Canada), 144a, 4.125%, 2/15/30 | 1,768,771 | ||
| 3,497,000 | PTC, Inc., 144a, 4.000%, 2/15/28 | 3,422,846 | ||
| 5,990,000 | Science Applications International Corp., 144a, 5.875%, 11/1/33 | 5,899,575 | ||
| 302,000 | Seagate Data Storage Technology Pte Ltd., 144a, 3.125%, 7/15/29 | 279,326 | ||
| 4,327,000 | Synaptics, Inc., 144a, 4.000%, 6/15/29 | 4,269,739 | ||
| 35,969,628 | ||||
| Principal Amount | Market Value | |||
| Corporate Bonds — 81.1% (Continued) | ||||
| Materials — 3.2% | ||||
| $ 3,405,000 | ARC Falcon I, Inc. / Arclin USA LLC / New Arclin US Holding Corp., 144a, 9.750%, 3/1/33 | $ 3,276,631 | ||
| 10,191,721 | ASP Unifrax Holdings, Inc., PIK, 144a, 7.100%, 9/30/29(A) | 50,959 | ||
| 4,571,000 | Constellium SE, 144a, 3.750%, 4/15/29† | 4,395,704 | ||
| 3,424,000 | Freeport-McMoRan, Inc., 5.400%, 11/14/34 | 3,488,031 | ||
| 881,000 | Novelis Corp., 144a, 4.750%, 1/30/30 | 851,775 | ||
| 2,829,000 | Novelis Corp., 144a, 6.375%, 8/15/33 | 2,848,630 | ||
| 4,478,000 | SCIH Salt Holdings, Inc., 144a, 4.875%, 5/1/28 | 4,417,625 | ||
| 1,438,000 | SCIH Salt Holdings, Inc., 144a, 6.625%, 5/1/29 | 1,424,517 | ||
| 1,795,000 | Tronox, Inc., 144a, 4.625%, 3/15/29 | 1,258,331 | ||
| 4,307,000 | WR Grace Holdings LLC, 144a, 5.625%, 8/15/29 | 4,050,856 | ||
| 2,149,000 | WR Grace Holdings LLC, 144a, 6.625%, 8/15/32 | 2,083,852 | ||
| 28,146,911 | ||||
| Utilities — 3.2% | ||||
| 925,000 | Alpha Generation LLC, 144a, 6.250%, 1/15/34 | 910,105 | ||
| 2,926,000 | Alpha Generation LLC, 144a, 6.750%, 10/15/32 | 2,979,794 | ||
| 4,154,000 | Clearway Energy Operating LLC, 144a, 3.750%, 2/15/31 | 3,852,891 | ||
| 4,871,000 | NRG Energy, Inc., 144a, 3.625%, 2/15/31 | 4,521,809 | ||
| 15,000 | NRG Energy, Inc., 144a, 3.875%, 2/15/32 | 13,794 | ||
| 645,000 | NRG Energy, Inc., 144a, 7.000%, 3/15/33 | 699,748 | ||
| 3,994,000 | NRG Energy, Inc., 144a, 6.250%, 11/1/34 | 4,044,019 | ||
| 4,203,000 | Pattern Energy Operations LP / Pattern Energy Operations, Inc., 144a, 4.500%, 8/15/28 | 4,114,979 | ||
| 2,554,000 | Talen Energy Supply LLC, 144a, 6.375%, 5/1/33 | 2,549,676 | ||
| 3,950,000 | Vistra Operations Co. LLC, 144a, 5.000%, 7/31/27 | 3,947,185 | ||
| 27,634,000 | ||||
| Real Estate — 2.9% | ||||
| 2,190,000 | Blackstone Mortgage Trust, Inc. REIT, 144a, 7.750%, 12/1/29 | 2,269,674 | ||
| 5,137,000 | Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL, 144a, 4.500%, 4/1/27 | 5,078,476 | ||
| 700,000 | Iron Mountain, Inc. REIT, 144a, 4.500%, 2/15/31 | 669,560 | ||
| 4,756,000 | Iron Mountain, Inc. REIT, 144a, 4.875%, 9/15/29 | 4,667,236 | ||
| 1,505,000 | Iron Mountain, Inc. REIT, 144a, 5.250%, 7/15/30 | 1,481,092 | ||
| 1,720,000 | Iron Mountain, Inc. REIT, 144a, 6.250%, 1/15/35 | 1,727,386 | ||
| 2,156,000 | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. REIT, 144a, 4.250%, 2/1/27 | 2,143,555 | ||
| 1,738,000 | MPT Operating Partnership LP / MPT Finance Corp. REIT, 144a, 8.500%, 2/15/32 | 1,779,090 | ||
| 5,520,000 | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC REIT, 144a, 6.500%, 2/15/29† | 5,476,825 | ||
| 25,292,894 | ||||
| Total Corporate Bonds | $701,037,364 | |||
| Bank Loans — 8.5%(B) | ||||
| Consumer Discretionary — 2.0% | ||||
| 2,812,683 | AI Aqua Merger Sub Inc. FKA Osmosis Buyer Limited, 2026 Term Loan B, (1M SOFR + 2.750%), 6.421%, 7/30/28 | 2,808,914 | ||
| 1,200,000 | Armorica Lux Sarl, Facility B Loan, (3M EURIBOR + 4.925%), 6.951%, 7/28/28, EUR | 1,368,268 | ||
| 1,008,162 | Financiere Labeyrie Fine Foods, Facility B, (3M EURIBOR + 5.000%), 7.019%, 7/30/29, EUR | 1,015,757 | ||
| 1,980,053 | PG Polaris Bidco S.À R.L (Ursa Minor), Second Amendment Refinancing Term Loan, (1M SOFR + 2.250%), 6.091%, 3/26/31(C) | 1,977,736 | ||
| 1,700,850 | Pye Barker Fire & Safety LLC, Closing Date Term Loan, (3M SOFR + 2.500%), 6.206%, 12/16/32 | 1,702,976 | ||
| 254,150 | Pye Barker Fire & Safety LLC, Initial Delayed Draw Term Loan, (3M SOFR + 2.500%), 6.163%, 12/16/32(C) | 254,468 | ||
| 2,354,343 | Spirit Airlines, LLC, Dip Contingent Initial Term, 7/14/26 | 23,543 | ||
| Principal Amount | Market Value | |||
| Bank Loans — 8.5%(B) (Continued) | ||||
| Consumer Discretionary — (Continued) | ||||
| $ 7,722,910 | Spirit Airlines, LLC, First Lien Initial Dollar Term Loan, 7/14/26 | $ 1,930,728 | ||
| 1,441,981 | Spirit Airlines, LLC, New Money Term Loan, (1M SOFR + 8.000%), 12.048%, 7/14/26 | 1,297,783 | ||
| 357,621 | Spirit Airlines, LLC, Second New Money Term Loan, (1M SOFR + 8.000%), 11.992%, 7/14/26 | 321,859 | ||
| 706,314 | Spirit Airlines, LLC, Third DIP New Money TL, (1M SOFR + 8.000%), 11.680%, 7/14/26 | 635,683 | ||
| 3,583,368 | Turquoise Topco LTD, Term Loan B, (3M SOFR + 3.250%), 6.936%, 12/30/32 | 3,511,701 | ||
| 16,849,416 | ||||
| Information Technology — 1.2% | ||||
| 1,182,804 | AthenaHealth Group Inc., Initial Term Loan, (1M SOFR + 2.750%), 6.913%, 2/15/29 | 1,179,599 | ||
| 2,093,579 | Cloud Software Group Inc., Tenth Amendment Tranche B-2 Term Loan, (3M SOFR + 3.250%), 7.252%, 3/21/31 | 1,829,265 | ||
| 3,994,199 | Coreweave Compute Acquisition Co Iv LLC, Additional Delayed Draw Term Loan, (1M SOFR + 4.500%), 8.100%, 11/06/31(C) | 4,073,244 | ||
| 3,712,392 | VeriFone Systems Inc, 2025-1 Refinancing Term Loan, (3M SOFR + 5.512%), 9.820%, 8/18/28 | 3,507,765 | ||
| 10,589,873 | ||||
| Materials — 1.1% | ||||
| 3,154,743 | Flexsys Cayman Holdings, LP, First Out Term Loan, (3M SOFR + 6.250%), 10.449%, 8/01/29 | 1,821,864 | ||
| 5,497,304 | Flexsys Cayman Holdings, LP, Second Out Refinancing Term Loan, (3M SOFR + 5.512%), 9.710%, 8/01/29 | 549,730 | ||
| 2,190,913 | SCIH Salt Holdings Inc., Term B-1 Loans, (1M SOFR + 2.750%), 6.522%, 1/31/29 | 2,192,184 | ||
| 5,726,547 | Tronox Finance LLC, 2024-B Term Loan, 6.165%, 9/30/31(C) | 4,646,692 | ||
| 9,210,470 | ||||
| Communication Services — 1.0% | ||||
| 4,232,134 | NEP Group Inc., 2025 Dollar Term Loan, (1M SOFR + 4.500%), 8.537%, 10/17/31 | 3,976,641 | ||
| 4,104,192 | Telenet Financing USD LLC, Term Loan AR Facility, (1M SOFR + 2.114%), 6.265%, 4/28/28 | 4,069,306 | ||
| 480,000 | Virgin Media Bristol LLC, Facility Q Advance, (1M SOFR + 3.364%), 7.515%, 1/31/29 | 458,899 | ||
| 8,504,846 | ||||
| Energy — 0.8% | ||||
| 4,137,000 | Freeport LNG Investments, LLP, Term Loan B, (3M SOFR + 3.250%), 6.893%, 2/11/33 | 4,140,682 | ||
| 2,869,788 | Pasadena Performance Products LLC, 2025-1 Repricing Term Loan, (3M SOFR + 3.250%), 7.252%, 2/27/32 | 2,870,678 | ||
| 925,030 | PES Holdings LLC, Tranche C Loan, 6.990%, 12/31/26 | 5,781 | ||
| 285,455 | Prairie ECI Acquiror LP, Term Loan B-5, (1M SOFR + 3.250%), 6.919%, 8/01/29 | 286,097 | ||
| 7,303,238 | ||||
| Financials — 0.7% | ||||
| 2,791,950 | Hyperion Refinance S.A R.L., 2025-2 Dollar Term Loan, 6.370%, 2/15/31(C) | 2,615,359 | ||
| 5,485,826 | OID-OL Intermediate I LLC (AKA Quest Software US Holdings Inc), Initial 2nd out Term Loan, (3M SOFR + 4.400%), 8.708%, 2/01/29 | 3,371,040 | ||
| 5,986,399 | ||||
| Health Care — 0.6% | ||||
| 5,582,200 | Gainwell Acquisition Corp, Term B Loan, (3M SOFR + 4.100%), 8.102%, 10/01/27 | 5,493,834 | ||
| Principal Amount | Market Value | |||
| Bank Loans — 8.5%(B) (Continued) | ||||
| Industrials — 0.6% | ||||
| $ 5,605,893 | Multi-Color Corporation, 2026 USD Term Loan, (3M SOFR + 2.375%), 2.500%, 5/11/33 | $ 4,790,964 | ||
| Consumer Staples — 0.5% | ||||
| 4,657,795 | Pretium PKG Holdings Inc., Second-Out Term Loan, (3M SOFR + 5.750%), 9.417%, 3/01/32(C) | 3,862,104 | ||
| 897,656 | Specialty Building Products Holdings LLC, First Lien Initial Term Loan, (1M SOFR + 3.850%), 7.502%, 10/15/28 | 808,079 | ||
| 4,670,183 | ||||
| Total Bank Loans | $73,399,223 | |||
| Asset-Backed Securities — 4.1% | ||||
| 250,000 | Aimco CLO 14 Ltd. (Cayman Islands), Ser 2021-14A, Class E1R, 144a, (TSFR3M + 4.800%), 8.475%, 10/20/38(D) | 246,275 | ||
| 722,164 | Aimco CLO 16 Ltd. (Cayman Islands), Ser 2021-16A, Class SUB, 144a, 12.042%, 7/17/37(E) | 385,609 | ||
| 470,000 | AIMCO CLO 23 Ltd. (Cayman Islands), Ser 2025-23A, Class SUB, 144a, 18.237%, 4/20/38(E) | 357,719 | ||
| 250,000 | AIMCO CLO 28 Ltd. (Cayman Islands), Ser 2025-28A, Class E, 144a, (TSFR3M + 4.600%), 8.347%, 1/16/39(D) | 248,461 | ||
| 500,000 | AIMCO CLO 28 Ltd. (Cayman Islands), Ser 2025-28A, Class SUB, 144a, 1/16/39(E) | 400,545 | ||
| 250,000 | Anchorage Capital CLO 18 Ltd. (Cayman Islands), Ser 2021-18A, Class D2R, 144a, (TSFR3M + 4.750%), 8.438%, 7/15/39(D) | 249,974 | ||
| 250,000 | Anchorage Capital CLO 18 Ltd. (Cayman Islands), Ser 2021-18A, Class ER, 144a, (TSFR3M + 6.500%), 10.188%, 7/15/39(D) | 249,975 | ||
| 250,000 | Anchorage Capital CLO 19 Ltd. (Cayman Islands), Ser 2021-19A, Class SUB, 144a, 6.650%, 10/15/38(E) | 126,594 | ||
| 250,000 | Anchorage Capital CLO 32 Ltd. (Cayman Islands), Ser 2025-32AR, Class ER, 144a, (TSFR3M + 6.670%), 10.414%, 7/15/39(D) | 250,000 | ||
| 250,000 | Anchorage Capital CLO 33 Ltd. (Cayman Islands), Ser 2025-33A, Class E, 144a, (TSFR3M + 6.100%), 9.775%, 10/20/38(D) | 251,060 | ||
| 250,000 | Anchorage Capital CLO 34 Ltd. (Cayman Islands), Ser 2025-34A, Class E, 144a, (TSFR3M + 5.900%), 9.573%, 1/15/39(D) | 251,030 | ||
| 250,000 | Anchorage Capital CLO 36 Ltd. (Cayman Islands), Ser 2026-36A, Class E, 144a, (TSFR3M + 6.590%), 10.235%, 4/15/39(D) | 254,029 | ||
| 250,000 | Anchorage Capital CLO 37 Ltd. (Cayman Islands), Ser 2026-37A, Class E, 144a, (TSFR3M + 5.900%), 9.608%, 4/20/39(D) | 251,692 | ||
| 1,060,000 | Anchorage Credit Funding 18 Ltd. (Cayman Islands), Ser 2025-18A, Class SUB, 144a, 8.721%, 10/22/40(E) | 945,139 | ||
| 1,150,000 | Anchorage Credit Funding 19 Ltd. (Cayman Islands), Ser 2025-19A, Class SUB, 144a, 8.729%, 10/25/40(E) | 842,774 | ||
| 340,000 | Atrium XV (Cayman Islands), Ser 15A, Class SUB, 144a, 10.208%, 1/23/31(E) | 75,988 | ||
| 770,638 | Bain Capital Credit CLO Ltd. (Cayman Islands), Ser 2017-2A, Class SUB, 144a, 9.814%, 7/25/37(E) | 202,255 | ||
| 620,000 | Bain Capital Credit CLO Ltd. (Cayman Islands), Ser 2021-2A, Class SUB, 144a, 10.608%, 7/16/34(E) | 60,579 | ||
| 2,267,000 | Bain Capital Credit CLO Ltd. (Cayman Islands), Ser 2022-1A, Class SUB, 144a, 5.923%, 10/18/38(E) | 516,212 | ||
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 4.1% (Continued) | ||||
| $ 250,000 | Barings CLO Ltd. (Cayman Islands), Ser 2023-1A, Class ER, 144a, (TSFR3M + 6.700%), 10.375%, 4/20/38(D) | $ 248,665 | ||
| 250,000 | Bayard Park CLO Ltd. (Cayman Islands), Ser 2025-1A, Class M, 144a, 0.153%, 7/24/38(E) | 2,492 | ||
| 250,000 | Bayard Park CLO Ltd. (Cayman Islands), Ser 2025-1A, Class SUB, 144a, 7.084%, 7/24/38(E) | 134,501 | ||
| 250,000 | Benefit Street Partners CLO XXI Ltd. (Cayman Islands), Ser 2020-21A, Class ER2, 144a, (TSFR3M + 4.950%), 8.623%, 1/15/39(D) | 246,739 | ||
| 250,000 | Benefit Street Partners CLO XXXII Ltd. (Jersey), Ser 2023-32A, Class SUB, 144a, 6.142%, 10/25/38(E) | 183,828 | ||
| 490,000 | Benefit Street Partners CLO XXXVII Ltd. (Cayman Islands), Ser 2024-37A, Class SUB, 144a, 20.511%, 1/25/38(E) | 371,525 | ||
| 250,000 | Broad River Bsl Funding CLO Ltd. (Cayman Islands), Ser 2020-1AR, Class ER2, 144a, (TSFR3M + 6.100%), 9.844%, 7/20/39(D) | 250,000 | ||
| 1,000,000 | Carlyle US CLO Ltd. (Cayman Islands), Ser 2021-4A, Class SUB, 144a, 21.900%, 4/20/34(E) | 54,387 | ||
| 267,913 | Carlyle US CLO Ltd. (Cayman Islands), Ser 2022-6A, Class SUB, 144a, 7.663%, 10/25/38(E) | 175,105 | ||
| 460,000 | Carlyle US CLO Ltd. (Cayman Islands), Ser 2023-1A, Class SUB, 144a, 7.606%, 7/20/37(E) | 230,229 | ||
| 250,000 | Carlyle US CLO Ltd. (Cayman Islands), Ser 2024-1A, Class ER, 144a, (TSFR3M + 6.840%), 10.507%, 4/15/39(D) | 250,439 | ||
| 250,000 | Carlyle US CLO Ltd. (Cayman Islands), Ser 2025-5A, Class E, 144a, (TSFR3M + 4.950%), 8.600%, 1/15/39(D) | 250,315 | ||
| 420,000 | Carlyle US CLO Ltd. (Cayman Islands), Ser 2025-5A, Class SUB, 144a, 1/15/39(E) | 317,090 | ||
| 250,000 | Cedar Funding XIV CLO Ltd. (Cayman Islands), Ser 2021-14A, Class SUB, 144a, 7.872%, 7/15/33(E) | 82,845 | ||
| 500,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2018-5A, Class SUB, 144a, 6.556%, 7/15/38(E) | 172,384 | ||
| 250,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2021-3A, Class ER, 144a, (TSFR3M + 4.850%), 8.523%, 10/15/38(D) | 246,149 | ||
| 350,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2021-5A, Class ER, 144a, (TSFR3M + 5.100%), 8.773%, 1/15/38(D) | 344,098 | ||
| 250,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2021-6A, Class ER, 144a, (TSFR3M + 5.350%), 9.022%, 7/15/39(D) | 250,194 | ||
| 1,093,949 | CIFC Funding Ltd. (Cayman Islands), Ser 2021-7A, Class ER, 144a, (TSFR3M + 4.900%), 8.566%, 1/23/35(D) | 1,068,367 | ||
| 250,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2022-5A, Class ER2, 144a, (TSFR3M + 6.540%), 10.220%, 3/16/38(D) | 254,976 | ||
| 571,050 | CIFC Funding Ltd. (Cayman Islands), Ser 2022-5A, Class SUB, 144a, 3.832%, 3/16/38(E) | 378,544 | ||
| 250,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2023-1A, Class ER, 144a, (TSFR3M + 4.700%), 8.373%, 10/15/38(D) | 244,540 | ||
| 391,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2025-3A, Class SUB, 144a, 13.832%, 7/21/38(E) | 271,578 | ||
| 460,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2025-4A, Class SUB, 144a, 4.087%, 10/24/38(E) | 353,656 | ||
| 500,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2025-7A, Class SUB, 144a, 3.900%, 1/22/39(E) | 415,672 | ||
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 4.1% (Continued) | ||||
| $ 250,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2025-8A, Class E, 144a, (TSFR3M + 4.750%), 8.421%, 1/24/39(D) | $ 248,454 | ||
| 250,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2026-2A, Class SUB, 144a, 7/19/39(E) | 225,000 | ||
| 632,000 | Clermont Park CLO Ltd. (Cayman Islands), Ser 2025-1A, Class M, 144a, 1.240%, 4/24/38(E) | 10,285 | ||
| 632,000 | Clermont Park CLO Ltd. (Cayman Islands), Ser 2025-1A, Class SUB, 144a, 15.931%, 4/24/38(E) | 340,769 | ||
| 250,000 | Diameter Capital CLO 3 Ltd., Ser 2022-3A, Class SUB, 144a, 2.916%, 4/15/2122(E) | 161,510 | ||
| 500,000 | Diameter Capital CLO 9 Ltd. (Cayman Islands), Ser 2025-9A, Class SUB, 144a, 4.085%, 4/20/38(E) | 367,286 | ||
| 650,000 | Dryden 98 CLO Ltd. (Cayman Islands), Ser 2022-98X, Class SUB, 11.519%, 4/20/35(E) | 183,999 | ||
| 1,945,000 | Elmwood CLO 24 Ltd. (Cayman Islands), Ser 2023-3A, Class SUB, 144a, 11.748%, 12/11/33(E) | 877,565 | ||
| 250,000 | Elmwood CLO 26 Ltd. (Cayman Islands), Ser 2024-1A, Class ER, 144a, (TSFR3M + 6.180%), 9.866%, 4/18/39(D) | 255,264 | ||
| 250,000 | Elmwood CLO 42 Ltd. (Cayman Islands), Ser 2025-5A, Class E, 144a, (TSFR3M + 6.500%), 10.175%, 3/31/38(D) | 253,990 | ||
| 760,000 | Elmwood CLO 44 Ltd. (Cayman Islands), Ser 2025-7A, Class SUB, 144a, 11.115%, 10/20/38(E) | 534,413 | ||
| 250,000 | Elmwood CLO 46 Ltd. (Cayman Islands), Ser 2025-9A, Class E, 144a, (TSFR3M + 5.000%), 8.683%, 1/17/39(D) | 250,830 | ||
| 250,000 | Invesco US CLO Ltd. (Jersey), Ser 2023-2A, Class ER, 144a, (TSFR3M + 7.880%), 11.552%, 4/21/38(D) | 251,010 | ||
| 346,307 | KKR CLO 32 Ltd. (Cayman Islands), Ser 32A, Class SUB, 144a, 2.874%, 4/15/37(E) | 144,879 | ||
| 900,000 | KKR CLO 53 Ltd. (Cayman Islands), Ser 2024-53A, Class SUB, 144a, 14.900%, 1/15/38(E) | 518,340 | ||
| 250,000 | KKR CLO 59 Ltd. (Cayman Islands), Ser 2025-59A, Class E, 144a, (TSFR3M + 5.350%), 9.028%, 1/15/39(D) | 247,399 | ||
| 875,000 | Madison Park Funding LIII Ltd. (Cayman Islands), Ser 2022-53A, Class SUB, 144a, 13.944%, 4/21/35(E) | 120,309 | ||
| 227,540 | Madison Park Funding LIX Ltd. (Cayman Islands), Ser 2021-59A, Class SUB, 144a, 11.779%, 4/18/37(E) | 68,284 | ||
| 1,000,000 | Madison Park Funding LIX Ltd. (Cayman Islands), Ser 2021-59X, Class SUB, 11.779%, 4/18/37(E) | 300,095 | ||
| 250,000 | Madison Park Funding LXIII Ltd. (Cayman Islands), Ser 2023-63A, Class SUB, 144a, 8.682%, 7/21/38(E) | 130,102 | ||
| 420,000 | Madison Park Funding LXXII Ltd. (Cayman Islands), Ser 2025-72A, Class SUB, 144a, 14.816%, 7/23/38(E) | 333,138 | ||
| 250,000 | Madison Park Funding LXXIV Ltd. (Cayman Islands), Ser 2026-74A, Class E, 144a, (TSFR3M + 5.400%), 9.103%, 7/23/39(D) | 251,331 | ||
| 250,000 | Madison Park Funding LXXV Ltd. (Cayman Islands), Ser 2025-75A, Class E, 144a, (TSFR3M + 5.100%), 8.762%, 1/17/39(D) | 249,631 | ||
| 640,000 | Madison Park Funding LXXV Ltd. (Cayman Islands), Ser 2025-75A, Class SUB, 144a, 1/17/39(E) | 580,709 | ||
| 300,000 | Madison Park Funding XII Ltd. (Cayman Islands), Ser 2014-12A, Class SUB, 144a, 7/20/26(E) | 3,927 | ||
| 2,383,335 | Madison Park Funding XVII Ltd. (Cayman Islands), Ser 2015-17A, Class SUB, 144a, 1.807%, 7/21/45(E) | 160,384 | ||
| 250,000 | Madison Park Funding XVII Ltd. (Cayman Islands), Ser 2015-17X, Class SUB, 1.807%, 7/21/30(E) | 16,824 | ||
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 4.1% (Continued) | ||||
| $ 2,174,329 | Madison Park Funding XXII Ltd. (Cayman Islands), Ser 2016-22A, Class SUB, 144a, 11.942%, 1/15/33(E) | $ 763,081 | ||
| 678,700 | Madison Park Funding XXX Ltd. (Cayman Islands), Ser 2018-30A, Class SUB, 144a, 5.659%, 7/16/27(E) | 215,052 | ||
| 500,000 | Madison Park Funding XXXI Ltd. (Cayman Islands), Ser 2018-31A, Class SUB, 144a, 6.746%, 7/23/37(E) | 143,121 | ||
| 717,604 | Madison Park Funding XXXVII Ltd. (Cayman Islands), Ser 2019-37A, Class SUB, 144a, 11.424%, 4/15/37(E) | 189,880 | ||
| 686,239 | Madison Park Funding XXXVIII Ltd. (Cayman Islands), Ser 2021-38A, Class SUB, 144a, 9.219%, 10/17/38(E) | 285,539 | ||
| 250,000 | Magnetite LI Ltd. (Cayman Islands), Ser 2025-51A, Class E, 144a, (TSFR3M + 4.600%), 8.267%, 10/25/38(D) | 250,051 | ||
| 610,000 | Magnetite LI Ltd. (Cayman Islands), Ser 2025-51A, Class SUB, 144a, 7.026%, 10/25/38(E) | 468,636 | ||
| 500,000 | Magnetite LV Ltd. (Cayman Islands), Ser 2026-55A, Class SUB, 144a, 4/15/39(E) | 423,446 | ||
| 298,000 | Magnetite Xlii Ltd., Ser 2024-42A, Class SUB, 144a, 5.870%, 1/25/38(E) | 173,048 | ||
| 250,000 | Magnetite XLIII Ltd. (Cayman Islands), Ser 2025-43A, Class E, 144a, (TSFR3M + 6.500%), 10.173%, 7/15/38(D) | 254,141 | ||
| 250,000 | Magnetite XLIII Ltd. (Cayman Islands), Ser 2025-43A, Class SUB, 144a, 3.107%, 7/15/38(E) | 164,822 | ||
| 530,000 | Magnetite XLVIII Ltd. (Cayman Islands), Ser 2025-48A, Class SUB, 144a, 8.741%, 10/15/38(E) | 363,215 | ||
| 250,000 | Magnetite XXVII Ltd. (Cayman Islands), Ser 2020-27A, Class ERR, 144a, (TSFR3M + 4.750%), 8.425%, 10/20/38(D) | 243,714 | ||
| 250,000 | Magnetite XXVIII Ltd. (Cayman Islands), Ser 2020-28A, Class SUB, 144a, 9.141%, 1/20/35(E) | 133,127 | ||
| 250,000 | Magnetite XXXVII Ltd. (Cayman Islands), Ser 2023-37A, Class ER, 144a, (TSFR3M + 4.700%), 8.367%, 10/25/38(D) | 245,293 | ||
| 610,000 | OCP CLO Ltd. (Cayman Islands), Ser 2015-10A, Class SUB, 144a, 3.189%, 1/26/38(E) | 167,264 | ||
| 250,000 | OCP CLO Ltd. (Cayman Islands), Ser 2016-11A, Class ER3, 144a, (TSFR3M + 5.250%), 8.917%, 7/26/38(D) | 249,031 | ||
| 534,000 | OCP CLO Ltd. (Cayman Islands), Ser 2018-15A, Class SUB, 144a, 5.460%, 7/20/31(E) | 184,053 | ||
| 250,000 | OCP CLO Ltd. (Cayman Islands), Ser 2022-24A, Class SUB, 144a, 4.620%, 10/20/37(E) | 110,610 | ||
| 450,000 | OCP CLO Ltd. (Cayman Islands), Ser 2025-48A, Class SUB, 144a, 1.559%, 12/15/38(E) | 361,665 | ||
| 250,000 | Octagon 61 Ltd. (Cayman Islands), Ser 2023-2A, Class ER, 144a, (TSFR3M + 7.890%), 11.565%, 4/20/38(D) | 250,984 | ||
| 1,166,666 | Octagon 63 Ltd. (Cayman Islands), Ser 2024-2A, Class E, 144a, (TSFR3M + 6.500%), 10.175%, 7/20/37(D) | 1,168,772 | ||
| 250,000 | OHA Credit Funding 16-R Ltd. (Cayman Islands), Ser 2023-16RA, Class E, 144a, (TSFR3M + 4.600%), 8.275%, 10/20/38(D) | 240,513 | ||
| 931,160 | OHA Credit Partners XII Ltd. (Cayman Islands), Ser 2015-12A, Class SUB, 144a, 8.515%, 4/23/37(E) | 358,511 | ||
| 250,000 | OHA Credit Partners XV Ltd. (Cayman Islands), Ser 2017-15A, Class ER2, 144a, (TSFR3M + 5.650%), 9.310%, 4/20/39(D) | 250,313 | ||
| 389,058 | OHA Loan Funding Ltd. (Cayman Islands), Ser 2016-1A, Class SUB, 144a, 10.014%, 7/20/37(E) | 179,372 | ||
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 4.1% (Continued) | ||||
| $ 2,228,382 | Pixley Park CLO Ltd. (Cayman Islands), Ser 2024-1A, Class M, 144a, 0.923%, 1/15/37(E) | $ 87,422 | ||
| 2,228,382 | Pixley Park CLO Ltd. (Cayman Islands), Ser 2024-1A, Class SUB, 144a, 10.079%, 1/15/37(E) | 1,022,290 | ||
| 250,000 | RR 18 Ltd. (Cayman Islands), Ser 2021-18A, Class DR, 144a, (TSFR3M + 4.900%), 8.573%, 7/15/40(D) | 244,512 | ||
| 3,999,999 | RR 26 Ltd. (Cayman Islands), Ser 2023-26A, Class SUB, 144a, 14.838%, 4/15/2123(E) | 2,329,579 | ||
| 300,000 | RR 28 Ltd. (Cayman Islands), Ser 2024-28RA, Class DR2, 144a, (TSFR3M + 6.100%), 9.781%, 4/15/41(D) | 301,751 | ||
| 490,000 | RR 29 Ltd. (Cayman Islands), Ser 2024-29RA, Class SUB, 144a, 7.530%, 7/15/39(E) | 214,553 | ||
| 350,000 | RR 31 Ltd. (Cayman Islands), Ser 2024-31A, Class SUB, 144a, 10.047%, 10/15/39(E) | 223,749 | ||
| 250,000 | RR 42 Ltd. (Cayman Islands), Ser 2025-42A, Class DR, 144a, (TSFR3M + 5.100%), 8.773%, 10/15/40(D) | 245,560 | ||
| 250,000 | Sixth Street CLO 29 Ltd. (Cayman Islands), Ser 2025-29A, Class SUB, 144a, 12.869%, 7/17/38(E) | 162,816 | ||
| 250,000 | Sixth Street CLO 31 Ltd. (Cayman Islands), Ser 2025-31A, Class E, 144a, (TSFR3M + 4.700%), 8.377%, 1/17/39(D) | 249,968 | ||
| 590,000 | Sixth Street CLO 31 Ltd. (Cayman Islands), Ser 2025-31A, Class SUB, 144a, 0.700%, 1/17/39(E) | 505,732 | ||
| 250,000 | Sixth Street CLO 32 Ltd. (Cayman Islands), Ser 2026-32A, Class E, 144a, (TSFR3M + 6.000%), 9.663%, 4/21/39(D) | 254,278 | ||
| 250,000 | Sixth Street CLO XVI Ltd. (Cayman Islands), Ser 2020-16A, Class SUB, 144a, 2.876%, 10/20/32(E) | 156,853 | ||
| 250,000 | Sixth Street CLO XXIV Ltd. (Jersey), Ser 2024-24A, Class ER, 144a, (TSFR3M + 6.350%), 10.030%, 4/23/37(D) | 251,121 | ||
| 920,000 | Storm King Park CLO Ltd. (Jersey), Ser 2022-1A, Class M, 144a, 1.154%, 10/15/37(E) | 17,648 | ||
| 920,000 | Storm King Park CLO Ltd. (Jersey), Ser 2022-1A, Class SUB, 144a, 15.420%, 10/15/37(E) | 307,151 | ||
| 250,000 | Trimaran CAVU Ltd. (Cayman Islands), Ser 2025-2A, Class E, 144a, (TSFR3M + 5.750%), 9.425%, 3/18/38(D) | 248,911 | ||
| 261,000 | Voya CLO Ltd., Ser 2022-3A, Class ER2, 144a, (TSFR3M + 4.750%), 8.425%, 10/20/36(D) | 255,089 | ||
| 250,000 | Voya CLO Ltd. (Cayman Islands), Ser 2024-2A, Class E, 144a, (TSFR3M + 6.050%), 9.725%, 7/20/37(D) | 250,187 | ||
| 140,479 | Voya CLO Ltd. (Cayman Islands), Ser 2025-2A, Class E, 144a, (TSFR3M + 6.250%), 9.923%, 7/15/38(D) | 141,575 | ||
| 481,000 | Voya CLO Ltd. (Cayman Islands), Ser 2025-2A, Class SUB, 144a, 11.335%, 7/15/38(E) | 366,842 | ||
| Total Asset-Backed Securities | $35,724,796 | |||
| Shares | ||||
| Common Stocks — 3.0% | ||||
| Financials — 1.4% | ||||
| 431 | AIMCO CLO 30, Ltd. / CLO Warehouse(F)* | 43,125 | ||
| 431 | AIMCO CLO 30, Ltd. / CLO Warehouse(F)* | 43,125 | ||
| 189,513 | Goldman Sachs BDC, Inc.† | 1,796,583 | ||
| 160,700 | Golub Capital BDC, Inc. | 2,069,816 | ||
| 73,451 | Nuveen Churchill Direct Lending Corp. | 912,262 | ||
| 1,124,539 | Yeoman Capital NPV* | 7,323,920 | ||
| 12,188,831 | ||||
| Utilities — 1.0% | ||||
| 480,457 | Enviva, Inc./Private Equity* | 8,936,500 | ||
| Shares | MarketValue | |||
| Common Stocks — 3.0% (Continued) | ||||
| Information Technology — 0.3% | ||||
| 147,833 | Avaya Holdings Corp.* | $ 2,118,890 | ||
| 3,915 | Avaya Holdings Corp., 144a shares* | 56,114 | ||
| 2,011 | Avaya Holdings Corp., A shares* | 28,824 | ||
| 4,968 | Avaya Holdings Corp., Reg S shares* | 71,206 | ||
| 2,275,034 | ||||
| Consumer Staples — 0.1% | ||||
| 61,282 | Pretium PKG Holdings, Inc./Private Equity* | 1,141,378 | ||
| Health Care — 0.1% | ||||
| 7,366 | CHPPR Holdings, Inc.* | 920,750 | ||
| Industrials — 0.1% | ||||
| 15,000 | Ardagh Holdings SA* | 97,692 | ||
| 3,917 | Labels Buyer LLC* | 359,710 | ||
| 165,897 | Spirit Aviation Holdings, Inc.* | 3,318 | ||
| 460,720 | ||||
| Energy — 0.0% | ||||
| 14,309 | AFG Holdings, Inc.(F)* | 143 | ||
| 187,384 | Tribune Resources, Inc.(F)* | 0 | ||
| 143 | ||||
| Total Common Stocks | $25,923,356 | |||
| Investment Funds — 0.5% | ||||
| 743,417 | Eagle Point Credit Co.± | 2,765,511 | ||
| 171,064 | Oxford Lane Capital Corp.± | 1,498,521 | ||
| Total Investment Funds | $4,264,032 | |||
| Warrants — 0.3% | ||||
| Health Care — 0.3% | ||||
| 11,678 | CHPPR Holdings, Inc. 4(A)(2)DOT Warrant* | 1,459,750 | ||
| 6,714 | CHPPR Holdings, Inc. 1145 DOT Warrant* | 839,250 | ||
| 9,949 | CHPPR Holdings, Inc., Class B, Exp 6/28/29* | 248,725 | ||
| 4,713 | CHPPR Holdings, Inc., Class A, Exp 6/28/29* | 70,695 | ||
| 2,618,420 | ||||
| Industrials — 0.0% | ||||
| 19,984 | Spirit Airlines LLC* | 200 | ||
| 1,871 | Labels Buyer LLC, Exp 4/29/33* | 4,677 | ||
| 4,877 | ||||
| Total Warrants | $2,623,297 | |||
| Preferred Stocks — 0.2% | ||||
| Industrials — 0.2% | ||||
| 18,790 | Labels Buyer LLC, 12.000%(G) | 1,540,780 | ||
| Number of Contracts | Notional Amount | |||
| Purchased Options — 0.0% | ||||
| Purchased Call Options — 0.0% | ||||
| 200 | Chicago Board Options Exchange Volatility Index, Strike @30.00, Exp 07/26 | $20,000 | 5,000 | |
| Total Purchased Options | $5,000 | |||
| Shares | ||||
| Short-Term Investment Funds — 7.0% | ||||
| 17,991,883 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 17,991,883 | ||
| 42,323,723 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 42,323,723 | ||
| Total Short-Term Investment Funds | $60,315,606 | |||
| Total Long Positions—104.7% (Cost $921,635,141) | $904,833,454 | |||
| Number of Contracts | Notional Amount | MarketValue | ||
| Written Options — (0.0)% | ||||
| Written Call Options — (0.0)% | ||||
| 200 | Chicago Board Options Exchange Volatility Index, Strike @40.00, Exp 07/26 | $20,000 | $ (2,400) | |
| Total Written Options (Premiums received $16,800) | $(2,400) | |||
| Total Investment Securities—104.7% | $904,831,054 | |||
| Liabilities in Excess of Other Assets — (4.7%) | (40,643,734) | |||
| Net Assets — 100.0% | $864,187,320 | |||
| (A) | Represents a payment-in-kind (“PIK”) security, which may pay interest in additional principal amounts. |
| (B) | Bank loans pay interest at rates which adjust periodically unless otherwise indicated. The interest rates shown are the current interest rates as of June 30, 2026. |
| (C) | All or a portion of this position has not settled. Full contract rates do not take effect until settlement date. |
| (D) | Variable rate security - Rate reflected is the rate in effect as of June 30, 2026. |
| (E) | CLO equity positions are entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses. Rate shown is the current yield as of June 30, 2026 and is based on income received over the trailing twelve months. The estimated yield may ultimately not be realized. If a position has no income over the trailing twelvemonths, a yield cannot be estimated. |
| (F) | Level 3- For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments. |
| (G) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
| ± | Closed-end Fund. |
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $38,809,046. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| CLO – Collateralized Loan Obligation |
| DAC – Designated Activity Company |
| EUR – Euro |
| EURIBOR – Euro Interbank Offered Rate |
| GBP – Great Britain Pound |
| ICE – Intercontinental Exchange, Inc. |
| LLC – Limited Liability Company |
| LLLP – Limited Liability Limited Partnership |
| LP – Limited Partnership |
| PIK – Payment In Kind |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| SOFR – Secured Overnight Financing Rate |
| TSFR3M – Three Month Term Secured Overnight Financing Rate |
| USD – United States Dollar |
| 144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2026, these securities were valued at $642,618,229 or 74.4% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Assets: | ||||
| Corporate Bonds | $— | $701,037,364 | $— | $701,037,364 |
| Bank Loans | — | 73,399,223 | — | 73,399,223 |
| Asset-Backed Securities | — | 35,724,796 | — | 35,724,796 |
| Common Stocks | 4,781,979 | 21,054,984 | 86,393 | 25,923,356 |
| Investment Funds | 4,264,032 | — | — | 4,264,032 |
| Warrants | — | 2,623,297 | — | 2,623,297 |
| Preferred Stocks | — | 1,540,780 | — | 1,540,780 |
| Purchased Call Options | ||||
| Equity contracts | 5,000 | — | — | 5,000 |
| Short-Term Investment Funds | 60,315,606 | — | — | 60,315,606 |
| Other Financial Instruments | ||||
| Foreign currency exchange contracts | — | 171,847 | — | 171,847 |
| Total Assets | $69,366,617 | $835,552,291 | $86,393 | $905,005,301 |
| Liabilities: | ||||
| Other Financial Instruments | ||||
| Swap Agreements | ||||
| Credit contracts | $— | $(20,751) | $— | $(20,751) |
| Written Call Options | ||||
| Equity contracts | (2,400) | — | — | (2,400) |
| Total Liabilities | $(2,400) | $(20,751) | $— | $(23,151) |
| Total | $69,364,217 | $835,531,540 | $86,393 | $904,982,150 |
| Measurements Using Unobservable Inputs (Level 3) | |
| Assets | |
| Beginning balance, September 30, 2025 | $128,179 |
| Transfer into Level 3 | 143 |
| Purchases and Sales | (711,389) |
| Net realized gain (loss) | 172,839 |
| Change in unrealized appreciation (depreciation) | 496,621 |
| Ending balance, June 30, 2026 | $86,393 |
| Net Change in Unrealized Appreciation/Depreciation for Investments in Securities still held at June 30, 2026 | $496,621 |
| Counterparty | Termination Date | Notional Amount(2) | Pay Fixed Rate | Clearinghouse | Underlying Bond | Value(3) | Premiums Paid/ (Received) | Unrealized Depreciation | |
| Buy Protection: | |||||||||
| Wells Fargo | 12/20/28 | $563,500 | 5.000% | Quarterly | ICE | Markit CDX North America High Yield Series 41 5Y Index | $(37,529) | $(16,778) | $(20,751) |
| (1) | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying investments comprising the referenced index or (ii) receive a net settlement amount in the form of cash or investments equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying investments comprising the referenced index. |
| (2) | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| (3) | The quoted market prices and resulting values for credit default swap agreements on the underlying bond serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Decreasing market values (sell protection) or increasing market values (buy protection) when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| Contract to | ||||||
| Counterparty | Expiration Date | Receive | Deliver | Unrealized Appreciation | ||
| Wells Fargo | 9/16/2026 | USD | 12,308,574 | EUR | 10,588,419 | $170,953 |
| Wells Fargo | 9/16/2026 | USD | 81,965 | GBP | 61,119 | 894 |
| $171,847 | ||||||
| Shares | Market Value | |||
| Common Stocks — 99.4% | ||||
| Information Technology — 22.2% | ||||
| 96,106 | Accenture PLC - Class A | $ 11,959,431 | ||
| 66,098 | Analog Devices, Inc. | 26,252,143 | ||
| 185,871 | Apple, Inc. | 53,783,632 | ||
| 190,765 | Broadcom, Inc. | 72,061,479 | ||
| 369,462 | Cisco Systems, Inc. | 43,397,006 | ||
| 114,804 | International Business Machines Corp.† | 32,284,033 | ||
| 150,936 | KLA Corp. | 45,538,901 | ||
| 199,822 | Microchip Technology, Inc. | 18,223,766 | ||
| 39,685 | Micron Technology, Inc. | 45,807,999 | ||
| 220,346 | Microsoft Corp. | 82,193,465 | ||
| 141,832 | Oracle Corp. | 20,785,480 | ||
| 106,624 | Qnity Electronics, Inc. | 17,412,765 | ||
| 157,134 | QUALCOMM, Inc. | 29,036,792 | ||
| 117,426 | Salesforce, Inc. | 18,395,957 | ||
| 97,304 | Texas Instruments, Inc. | 29,003,403 | ||
| 546,136,252 | ||||
| Financials — 15.8% | ||||
| 111,899 | Arthur J Gallagher & Co. | 25,688,653 | ||
| 699,061 | Bank of America Corp. | 39,832,496 | ||
| 28,830 | Blackrock, Inc. | 27,721,775 | ||
| 306,653 | Charles Schwab Corp. (The) | 28,294,872 | ||
| 208,194 | Citigroup, Inc. | 29,138,832 | ||
| 27,942 | Goldman Sachs Group, Inc. (The) | 28,259,700 | ||
| 91,923 | JPMorgan Chase & Co. | 30,089,156 | ||
| 122,818 | Morgan Stanley | 25,673,875 | ||
| 114,521 | Principal Financial Group, Inc. | 12,343,073 | ||
| 159,293 | T Rowe Price Group, Inc. | 18,110,021 | ||
| 459,140 | Truist Financial Corp. | 22,874,355 | ||
| 501,676 | US Bancorp | 30,301,230 | ||
| 114,551 | Visa, Inc. - Class A | 39,301,303 | ||
| 353,684 | Wells Fargo & Co. | 29,228,446 | ||
| 386,857,787 | ||||
| Health Care — 13.1% | ||||
| 89,418 | AbbVie, Inc. | 22,501,146 | ||
| 40,227 | Amgen, Inc. | 14,567,001 | ||
| 130,742 | Becton Dickinson & Co. | 19,785,187 | ||
| 450,120 | Bristol-Myers Squibb Co. | 25,935,914 | ||
| 289,686 | CVS Health Corp. | 29,968,017 | ||
| 19,353 | Eli Lilly & Co. | 23,212,569 | ||
| 186,859 | Johnson & Johnson | 47,456,580 | ||
| 350,059 | Medtronic PLC | 27,385,116 | ||
| 285,877 | Merck & Co., Inc. | 36,735,194 | ||
| 900,866 | Pfizer, Inc. | 21,692,853 | ||
| 74,466 | Stryker Corp. | 23,444,875 | ||
| 69,658 | UnitedHealth Group, Inc. | 28,951,955 | ||
| 321,636,407 | ||||
| Industrials — 10.2% | ||||
| 160,520 | 3M Co. | 25,989,793 | ||
| 110,169 | Automatic Data Processing, Inc. | 24,672,347 | ||
| 33,910 | Caterpillar, Inc. | 36,110,759 | ||
| 48,697 | Deere & Co. | 30,889,968 | ||
| 36,682 | Lockheed Martin Corp. | 18,688,012 | ||
| 149,728 | Paychex, Inc.† | 14,722,754 | ||
| 137,705 | RTX Corp. | 26,126,770 | ||
| 421,558 | Southwest Airlines Co. | 21,676,512 | ||
| 268,989 | Stanley Black & Decker, Inc. | 25,317,245 | ||
| 95,500 | Union Pacific Corp. | 25,976,000 | ||
| 250,170,160 | ||||
| Shares | Market Value | |||
| Common Stocks — 99.4% (Continued) | ||||
| Communication Services — 7.7% | ||||
| 143,350 | Alphabet, Inc. - Class C | $ 50,649,855 | ||
| 1,047,865 | AT&T, Inc. | 21,690,806 | ||
| 866,382 | Comcast Corp. - Class A | 21,269,678 | ||
| 52,054 | Meta Platforms, Inc. - Class A | 29,321,498 | ||
| 193,492 | Omnicom Group, Inc. | 14,092,022 | ||
| 659,576 | Verizon Communications, Inc. | 27,926,448 | ||
| 243,973 | Walt Disney Co. (The) | 23,482,401 | ||
| 188,432,708 | ||||
| Consumer Discretionary — 7.1% | ||||
| 81,651 | Amazon.com, Inc.* | 19,460,699 | ||
| 72,050 | Booking Holdings, Inc. | 12,842,192 | ||
| 103,598 | Home Depot, Inc. (The) | 36,536,943 | ||
| 473,285 | Las Vegas Sands Corp. | 21,861,034 | ||
| 109,572 | McDonald's Corp. | 29,618,407 | ||
| 360,292 | NIKE, Inc. - Class B | 14,789,987 | ||
| 161,298 | Starbucks Corp. | 16,483,043 | ||
| 148,722 | Yum! Brands, Inc. | 23,774,699 | ||
| 175,367,004 | ||||
| Consumer Staples — 6.4% | ||||
| 112,634 | Constellation Brands, Inc. - Class A | 15,666,263 | ||
| 126,813 | Dollar General Corp. | 14,597,444 | ||
| 217,254 | PepsiCo, Inc. | 29,416,192 | ||
| 206,055 | Philip Morris International, Inc. | 37,277,410 | ||
| 252,647 | Procter & Gamble Co. (The) | 37,048,156 | ||
| 273,241 | Sysco Corp. | 22,837,483 | ||
| 156,842,948 | ||||
| Energy — 5.2% | ||||
| 185,552 | Chevron Corp. | 30,757,100 | ||
| 296,827 | Exxon Mobil Corp. | 40,582,187 | ||
| 790,697 | Kinder Morgan, Inc. | 25,278,583 | ||
| 71,658 | Phillips 66 | 12,113,785 | ||
| 69,677 | Valero Energy Corp. | 18,146,678 | ||
| 126,878,333 | ||||
| Utilities — 4.4% | ||||
| 221,429 | Duke Energy Corp. | 28,028,483 | ||
| 213,825 | Entergy Corp. | 24,559,939 | ||
| 331,163 | NextEra Energy, Inc. | 29,066,177 | ||
| 274,300 | Southern Co. (The) | 26,253,253 | ||
| 107,907,852 | ||||
| Materials — 3.7% | ||||
| 64,120 | Air Products & Chemicals, Inc. | 18,798,702 | ||
| 279,162 | International Flavors & Fragrances, Inc. | 22,115,214 | ||
| 50,198 | Linde PLC | 26,049,750 | ||
| 69,413 | Sherwin-Williams Co. (The) | 23,900,284 | ||
| 90,863,950 | ||||
| Real Estate — 3.6% | ||||
| 236,685 | Alexandria Real Estate Equities, Inc. REIT | 12,508,802 | ||
| 154,044 | American Tower Corp. REIT | 25,196,977 | ||
| 99,312 | AvalonBay Communities, Inc. REIT | 18,739,181 | ||
| 93,986 | Prologis, Inc. REIT | 12,732,284 | ||
| 82,108 | Simon Property Group, Inc. REIT | 18,363,454 | ||
| 87,540,698 | ||||
| Total Common Stocks | $2,438,634,099 | |||
| Shares | Market Value | |||
| Short-Term Investment Funds — 0.7% | ||||
| 14,799,095 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | $ 14,799,095 | ||
| 2,468,370 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 2,468,370 | ||
| Total Short-Term Investment Funds | $17,267,465 | |||
| Total Investment Securities—100.1% (Cost $1,843,002,470) | $2,455,901,564 | |||
| Liabilities in Excess of Other Assets — (0.1%) | (2,618,086) | |||
| Net Assets — 100.0% | $2,453,283,478 | |||
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $2,385,285. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $2,438,634,099 | $— | $— | $2,438,634,099 |
| Short-Term Investment Funds | 17,267,465 | — | — | 17,267,465 |
| Total | $2,455,901,564 | $— | $— | $2,455,901,564 |
| Principal Amount | Market Value | |||
| Corporate Bonds — 93.0% | ||||
| Energy — 14.3% | ||||
| $ 1,030,000 | Azule Energy Finance PLC (Angola), 144a, 8.250%, 1/22/31 | $ 1,031,324 | ||
| 1,043,000 | Bristow Group, Inc., 144a, 6.750%, 2/1/33 | 1,046,425 | ||
| 1,692,000 | CQP Holdco LP / BIP-V Chinook Holdco LLC, 144a, 5.500%, 6/15/31 | 1,659,333 | ||
| 1,030,000 | Enbridge, Inc. (Canada), Ser NC5, 8.250%, 1/15/84 | 1,087,756 | ||
| 1,500,000 | Energy Transfer LP, (TSFR3M + 3.279%), 6.942%, 11/1/66(A) | 1,497,402 | ||
| 83,000 | Genesis Energy LP / Genesis Energy Finance Corp., 6.750%, 3/15/34 | 82,368 | ||
| 242,000 | Genesis Energy LP / Genesis Energy Finance Corp., 7.875%, 5/15/32 | 249,527 | ||
| 445,000 | Genesis Energy LP / Genesis Energy Finance Corp., 8.875%, 4/15/30 | 465,652 | ||
| 414,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 5.750%, 2/1/29 | 412,413 | ||
| 201,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.000%, 4/15/30 | 197,467 | ||
| 243,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.875%, 5/15/34 | 236,513 | ||
| 488,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 8.375%, 11/1/33 | 508,813 | ||
| 1,027,000 | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp., 144a, 6.875%, 12/1/32 | 1,045,979 | ||
| 900,000 | Par Petroleum LLC, 144a, 7.375%, 6/1/34 | 910,802 | ||
| 357,000 | Prairie Acquiror LP, 144a, 9.000%, 8/1/29 | 370,813 | ||
| 19,000 | Rockies Express Pipeline LLC, 144a, 7.500%, 7/15/38 | 19,993 | ||
| 400,000 | Seadrill Finance Ltd. (Norway), 144a, 6.750%, 7/15/34 | 386,981 | ||
| 1,061,000 | SESI LLC, 144a, 7.875%, 9/30/30 | 1,078,040 | ||
| 79,000 | SM Energy Co., 144a, 8.625%, 11/1/30 | 82,939 | ||
| 488,000 | SM Energy Co., 144a, 6.625%, 4/15/34 | 480,546 | ||
| 524,000 | SM Energy Co., 144a, 7.000%, 8/1/32† | 528,806 | ||
| 1,082,000 | Sunoco LP, 144a, 7.875%(B) | 1,122,314 | ||
| 500,000 | Tidewater, Inc., 144a, 9.125%, 7/15/30 | 535,610 | ||
| 130,000 | Venture Global LNG, Inc., 144a, 6.375%, 12/15/34 | 127,836 | ||
| 1,131,000 | Venture Global LNG, Inc., 144a, 9.000%(B) | 1,104,241 | ||
| 16,269,893 | ||||
| Consumer Discretionary — 14.2% | ||||
| 803,000 | ADT Security Corp. (The), 144a, 5.875%, 10/15/33 | 788,796 | ||
| 97,000 | Beazer Homes USA, Inc., 144a, 8.000%, 1/15/32 | 97,155 | ||
| 1,419,000 | BlueLinx Holdings, Inc., 144a, 6.000%, 11/15/29† | 1,401,917 | ||
| 1,557,000 | Carnival Corp. Ltd., 144a, 5.875%, 6/15/31 | 1,584,278 | ||
| 1,239,000 | Carriage Services, Inc., 144a, 4.250%, 5/15/29 | 1,185,832 | ||
| 1,013,000 | Cimpress PLC (Ireland), 144a, 7.375%, 9/15/32 | 1,023,140 | ||
| 1,357,000 | Goodyear Tire & Rubber Co. (The), 5.625%, 4/30/33† | 1,181,488 | ||
| 828,000 | HNI Corp., 144a, 5.125%, 1/18/29 | 815,518 | ||
| 1,042,000 | JB Poindexter & Co., Inc., 144a, 8.750%, 12/15/31 | 1,071,479 | ||
| 691,000 | LGI Homes, Inc., 144a, 8.750%, 12/15/28 | 714,021 | ||
| 1,158,000 | MGM China Holdings Ltd. (Macao), 144a, 6.250%, 5/15/33 | 1,133,528 | ||
| 1,000,000 | Michaels Cos., Inc. (The), 144a, 11.000%, 3/15/34† | 979,145 | ||
| 988,000 | QXO Building Products, Inc., 144a, 6.750%, 4/30/32 | 1,020,249 | ||
| 791,000 | Upbound Group, Inc., 144a, 6.375%, 2/15/29 | 784,096 | ||
| 1,146,000 | Voyager Parent LLC, 144a, 9.250%, 7/1/32 | 1,211,664 | ||
| 1,000,000 | Wabash National Corp., 144a, 4.500%, 10/15/28† | 928,867 | ||
| 120,000 | Whirlpool Corp., 144a, 7.500%, 7/1/31 | 121,531 | ||
| 120,000 | Whirlpool Corp., 144a, 7.875%, 7/1/34 | 120,651 | ||
| 16,163,355 | ||||
| Communication Services — 12.8% | ||||
| 108,000 | Altice France Lux 3 / Altice Holdings 1 (Luxembourg), 144a, 10.000%, 1/15/33 | 106,237 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 93.0% (Continued) | ||||
| Communication Services — 12.8% (Continued) | ||||
| $ 395,771 | Altice France SA (France), 144a, 6.500%, 4/15/32 | $ 382,845 | ||
| 339,939 | Altice France SA (France), 144a, 6.875%, 7/15/32 | 329,548 | ||
| 1,010,000 | Cable One, Inc., 1.125%, 3/15/28 | 656,500 | ||
| 484,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 6.375%, 9/1/29 | 483,580 | ||
| 315,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 7.375%, 3/1/31† | 315,767 | ||
| 360,000 | CSC Holdings LLC, 144a, 3.375%, 2/15/31 | 213,177 | ||
| 256,000 | CSC Holdings LLC, 144a, 11.250%, 5/15/28† | 165,036 | ||
| 1,268,000 | CSC Holdings LLC, 144a, 4.625%, 12/1/30 | 294,810 | ||
| 1,073,000 | CSC Holdings LLC, 144a, 5.750%, 1/15/30 | 248,802 | ||
| 200,000 | CSC Holdings LLC, 144a, 11.750%, 1/31/29† | 123,189 | ||
| 518,000 | Directv Financing LLC, 144a, 8.875%, 2/1/30 | 526,557 | ||
| 12,000 | Directv Financing LLC / Directv Financing Co-Obligor, Inc., 144a, 5.875%, 8/15/27 | 11,985 | ||
| 428,000 | Directv Financing LLC / Directv Financing Co-Obligor, Inc., 144a, 10.000%, 2/15/31 | 444,092 | ||
| 375,000 | Discovery Global Holdings, Inc., 5.050%, 3/15/42 | 274,714 | ||
| 1,075,000 | GCI LLC, 144a, 4.750%, 10/15/28 | 1,024,571 | ||
| 906,000 | Gray Media, Inc., 144a, 5.375%, 11/15/31 | 607,872 | ||
| 570,000 | LCPR Senior Secured Financing DAC, 144a, 6.750%, 10/15/27† | 326,056 | ||
| 261,849 | Level 3 Financing, Inc., 144a, 7.000%, 3/31/34 | 270,033 | ||
| 129,000 | Level 3 Financing, Inc., 144a, 7.500%, 2/15/37 | 132,329 | ||
| 525,000 | Level 3 Financing, Inc., 144a, 8.500%, 1/15/36 | 563,750 | ||
| 517,000 | Midcontinent Communications, 144a, 8.000%, 8/15/32† | 453,032 | ||
| 1,068,000 | Neptune Bidco US, Inc., 144a, 9.290%, 4/15/29 | 1,089,105 | ||
| 256,000 | Neptune Bidco US, Inc., 144a, 10.375%, 5/15/31 | 265,336 | ||
| 559,000 | Nexstar Media, Inc., 144a, 6.500%, 9/15/33 | 558,862 | ||
| 533,000 | Paramount Global, 7.875%, 7/30/30 | 559,969 | ||
| 230,000 | Sinclair Television Group, Inc., 144a, 8.125%, 2/15/33 | 236,757 | ||
| 1,043,000 | Stagwell Global LLC, 144a, 5.625%, 8/15/29 | 1,005,756 | ||
| 340,000 | Univision Communications, Inc., 144a, 8.500%, 7/31/31 | 341,427 | ||
| 1,498,000 | Zegona Finance PLC (United Kingdom), 144a, 8.625%, 7/15/29 | 1,564,375 | ||
| 1,116,000 | Ziff Davis, Inc., 144a, 4.625%, 10/15/30 | 1,050,462 | ||
| 14,626,531 | ||||
| Financials — 10.6% | ||||
| 772,000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144a, 7.000%, 1/15/31 | 784,535 | ||
| 1,572,000 | Allstate Corp. (The), Ser B, (TSFR3M + 3.200%), 6.851%, 8/15/53(A) | 1,575,968 | ||
| 1,028,000 | Asurion LLC / Asurion Co-Issuer, Inc., 144a, 8.000%, 12/31/32 | 1,037,082 | ||
| 312,000 | Credit Acceptance Corp., 144a, 6.625%, 3/15/30 | 312,476 | ||
| 244,000 | CrossCountry Intermediate HoldCo LLC, 144a, 6.500%, 10/1/30 | 240,494 | ||
| 375,000 | Encore Capital Group, Inc., 144a, 6.625%, 6/1/32 | 375,524 | ||
| 803,000 | First Eagle Holdings, Inc., 144a, 7.250%, 8/15/32 | 808,401 | ||
| 320,000 | Freedom Mortgage Holdings LLC, 144a, 6.875%, 5/1/31 | 310,681 | ||
| 848,000 | Freedom Mortgage Holdings LLC, 144a, 9.250%, 2/1/29 | 876,306 | ||
| 922,000 | goeasy Ltd. (Canada), 144a, 9.250%, 12/1/28 | 905,140 | ||
| 624,000 | Jefferies Finance LLC / JFIN Co-Issuer Corp., 144a, 6.625%, 10/15/31 | 614,258 | ||
| 1,000,000 | Navient Corp., 5.000%, 3/15/27 | 992,316 | ||
| 121,000 | Navient Corp., 7.875%, 6/15/32 | 113,236 | ||
| 228,000 | OneMain Finance Corp., 4.000%, 9/15/30 | 210,744 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 93.0% (Continued) | ||||
| Financials — 10.6% (Continued) | ||||
| $ 182,000 | OneMain Finance Corp., 6.625%, 5/15/29 | $ 185,572 | ||
| 394,000 | OneMain Finance Corp., 7.500%, 5/15/31 | 407,139 | ||
| 414,000 | PennyMac Financial Services, Inc., 144a, 5.750%, 9/15/31 | 392,732 | ||
| 723,000 | PennyMac Financial Services, Inc., 144a, 7.875%, 12/15/29 | 751,900 | ||
| 964,000 | PRA Group, Inc., 144a, 8.875%, 1/31/30 | 995,532 | ||
| 233,000 | SBL Holdings, Inc., 144a, 9.508%(B) | 221,594 | ||
| 12,111,630 | ||||
| Consumer Staples — 9.5% | ||||
| 65,000 | ADI Escrow Issuer LLC, 144a, 7.125%, 7/15/34 | 66,189 | ||
| 1,286,000 | Albertsons Cos., Inc., 144a, 5.625%, 3/31/32 | 1,245,298 | ||
| 575,000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 5.375%, 3/1/29 | 562,294 | ||
| 238,000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 8.000%, 2/15/31 | 240,342 | ||
| 183,000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 8.250%, 1/15/30 | 188,490 | ||
| 121,000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 8.375%, 6/15/32† | 121,902 | ||
| 500,000 | Chobani LLC / Chobani Finance Corp., Inc., 144a, 6.375%, 4/15/34 | 507,456 | ||
| 1,043,000 | Herc Holdings, Inc., 144a, 7.000%, 6/15/30 | 1,078,321 | ||
| 686,000 | Industrial F&B Investments III, Inc., 144a, 7.750%, 2/11/33 | 699,005 | ||
| 129,000 | KeHE Distributors LLC / KeHE Finance Corp. / NextWave Distribution, Inc., 144a, 7.125%, 4/30/33 | 131,406 | ||
| 1,084,000 | PetSmart LLC / PetSmart Finance Corp., 144a, 7.500%, 9/15/32 | 1,084,105 | ||
| 575,000 | S&S Holdings LLC, 144a, 8.375%, 10/1/31 | 544,143 | ||
| 904,000 | Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed, 144a, 4.625%, 3/1/29 | 873,262 | ||
| 1,162,000 | Turning Point Brands, Inc., 144a, 7.625%, 3/15/32 | 1,202,407 | ||
| 1,133,000 | Velocity Vehicle Group LLC, 144a, 8.000%, 6/1/29 | 1,118,872 | ||
| 1,118,000 | VT Topco, Inc., 144a, 8.500%, 8/15/30† | 1,134,358 | ||
| 10,797,850 | ||||
| Industrials — 9.1% | ||||
| 778,000 | Brundage-Bone Concrete Pumping Holdings, Inc., 144a, 7.500%, 2/1/32 | 807,135 | ||
| 938,000 | Clearwater Paper Corp., 144a, 4.750%, 8/15/28 | 766,210 | ||
| 308,000 | FTAI Aviation Investors LLC, 144a, 7.000%, 6/15/32 | 318,107 | ||
| 1,165,000 | Ingram Micro, Inc., 144a, 4.750%, 5/15/29 | 1,144,230 | ||
| 1,049,000 | Manitowoc Co., Inc. (The), 144a, 9.250%, 10/1/31 | 1,127,716 | ||
| 923,000 | Owens-Brockway Glass Container, Inc., 144a, 7.250%, 5/15/31† | 912,174 | ||
| 161,000 | Owens-Brockway Glass Container, Inc., 144a, 9.500%, 6/1/33† | 164,923 | ||
| 1,118,000 | RXO, Inc., 144a, 6.375%, 5/15/31† | 1,133,142 | ||
| 1,106,000 | Stanley Black & Decker, Inc., 6.707%, 3/15/60 | 1,101,050 | ||
| 678,000 | Stonepeak Nile Parent LLC, 144a, 7.250%, 3/15/32 | 702,089 | ||
| 731,000 | Sword Purchaser LLC, 144a, 8.250%, 4/15/33 | 757,055 | ||
| 359,000 | Sword Purchaser LLC, 144a, 10.500%, 4/15/34† | 375,612 | ||
| 1,160,000 | Textron Financial Corp., 144a, (TSFR3M + 1.997%), 5.648%, 2/15/42(A) | 1,067,154 | ||
| 10,376,597 | ||||
| Utilities — 7.2% | ||||
| 1,178,000 | Algonquin Power & Utilities Corp. (Canada), 4.750%, 1/18/82 | 1,166,434 | ||
| 1,069,000 | AltaGas Ltd. (Canada), 144a, 7.200%, 10/15/54 | 1,120,442 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 93.0% (Continued) | ||||
| Utilities — 7.2% (Continued) | ||||
| $ 1,110,000 | NextEra Energy Capital Holdings, Inc., (TSFR3M + 2.329%), 6.055%, 10/1/66(A) | $ 1,020,822 | ||
| 115,000 | NRG Energy, Inc., 144a, 5.875%, 5/15/34 | 114,438 | ||
| 115,000 | NRG Energy, Inc., 144a, 6.125%, 5/15/36 | 115,077 | ||
| 1,045,000 | PacifiCorp, 7.125%, 8/15/56 | 1,037,972 | ||
| 1,099,000 | PPL Capital Funding, Inc., Ser A, (TSFR3M + 2.927%), 6.659%, 3/30/67(A) | 1,088,774 | ||
| 594,000 | Sempra, 4.125%, 4/1/52 | 589,061 | ||
| 1,000,000 | South Jersey Industries, Inc., 5.020%, 4/15/31 | 896,695 | ||
| 1,068,000 | Talen Energy Supply LLC, 144a, 6.375%, 5/1/33 | 1,066,192 | ||
| 8,215,907 | ||||
| Health Care — 7.0% | ||||
| 592,000 | AdaptHealth LLC, 144a, 4.625%, 8/1/29 | 571,093 | ||
| 293,000 | AdaptHealth LLC, 144a, 5.125%, 3/1/30 | 284,298 | ||
| 330,000 | AdaptHealth LLC, 144a, 6.125%, 8/1/28 | 330,196 | ||
| 1,229,000 | AHP Health Partners, Inc., 144a, 5.750%, 7/15/29 | 1,213,411 | ||
| 569,000 | BellRing Brands, Inc., 144a, 7.000%, 3/15/30 | 568,868 | ||
| 850,000 | DaVita, Inc., 144a, 6.750%, 7/15/33 | 877,079 | ||
| 200,000 | GENMAB A/S/GENMAB FINANCE LLC (Denmark), 144a, 6.250%, 12/15/32 | 203,826 | ||
| 278,000 | GENMAB A/S/GENMAB FINANCE LLC (Denmark), 144a, 7.250%, 12/15/33 | 290,529 | ||
| 639,000 | Global Medical Response, Inc., 144a, 7.375%, 10/1/32 | 662,167 | ||
| 450,000 | LifePoint Health, Inc., 144a, 7.000%, 5/1/34 | 431,177 | ||
| 1,128,000 | Molina Healthcare, Inc., 144a, 4.375%, 6/15/28 | 1,108,344 | ||
| 857,000 | National Mentor Holdings, Inc., 144a, 10.500%, 12/15/30 | 902,275 | ||
| 586,000 | Select Medical Corp., 144a, 6.250%, 12/1/32† | 569,265 | ||
| 8,012,528 | ||||
| Materials — 4.1% | ||||
| 851,000 | Bond US Bidco 1, Inc./Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2, 144a, 7.125%, 6/15/33 | 859,661 | ||
| 998,000 | Celanese US Holdings LLC, 7.379%, 7/15/32 | 1,049,515 | ||
| 739,000 | Cerdia Finanz GmbH (Germany), 144a, 9.375%, 10/3/31 | 663,252 | ||
| 1,041,000 | INEOS Finance PLC (Luxembourg), 144a, 6.750%, 5/15/28 | 1,033,917 | ||
| 1,175,000 | Magnera Corp., 144a, 4.750%, 11/15/29† | 1,096,678 | ||
| 4,703,023 | ||||
| Information Technology — 3.0% | ||||
| 1,071,000 | Consensus Cloud Solutions, Inc., 144a, 6.500%, 10/15/28 | 1,070,902 | ||
| 562,000 | CoreWeave, Inc., 144a, 9.250%, 6/1/30† | 566,314 | ||
| 448,000 | Open Text Corp. (Canada), 144a, 3.875%, 12/1/29 | 411,894 | ||
| 560,000 | Open Text Corp. (Canada), 144a, 3.875%, 2/15/28 | 545,741 | ||
| 798,000 | Science Applications International Corp., 144a, 5.875%, 11/1/33 | 785,953 | ||
| 3,380,804 | ||||
| Real Estate — 1.2% | ||||
| 984,000 | Iron Mountain, Inc. REIT, 144a, 5.625%, 7/15/32 | 972,606 | ||
| 402,000 | Iron Mountain, Inc. REIT, 144a, 6.250%, 1/15/35 | 403,727 | ||
| 1,376,333 | ||||
| Total Corporate Bonds | $106,034,451 | |||
| Bank Loans — 5.1%(C) | ||||
| Communication Services — 2.5% | ||||
| 997,468 | Charter Communications Operating LLC, Term Loan B5, 5.942%, 12/15/31(D) | 981,509 | ||
| Principal Amount | Market Value | |||
| Bank Loans — 5.1%(C) (Continued) | ||||
| Communication Services — (Continued) | ||||
| $ 1,500,000 | E.W. Scripps Company (The), New Tranche B-2 Term Loan, 9.504%, 6/30/28(D) | $ 1,494,375 | ||
| 398,987 | GoodRx Inc., Term Loan, 8.062%, 7/10/29(D) | 379,752 | ||
| 2,855,636 | ||||
| Industrials — 1.7% | ||||
| 997,455 | Chromalloy Corporation, Term Loan, 6.932%, 3/27/31(D) | 1,001,505 | ||
| 1,000,000 | Transdigm Inc., Tranche J Term Loan, (3M SOFR + 2.500%), 6.120%, 2/28/31(D) | 1,000,120 | ||
| 2,001,625 | ||||
| Consumer Discretionary — 0.9% | ||||
| 1,000,000 | Pioneer OpCo, LLC, Term Loan, 6.878%, 5/16/33(D) | 1,003,040 | ||
| Total Bank Loans | $5,860,301 | |||
| Shares | ||||
| Common Stocks — 0.2% | ||||
| Communication Services — 0.2% | ||||
| 451 | Altice Luxembourg SA (Luxembourg)* | 6,957 | ||
| 9,086 | Altice Luxembourg SA (Luxembourg)* | 179,000 | ||
| Total Common Stocks | $185,957 | |||
| Short-Term Investment Funds — 13.4% | ||||
| 4,807,207 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 4,807,207 | ||
| 10,416,124 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 10,416,124 | ||
| Total Short-Term Investment Funds | $15,223,331 | |||
| Total Investment Securities—111.7% (Cost $129,413,379) | $127,304,040 | |||
| Liabilities in Excess of Other Assets — (11.7%) | (13,342,370) | |||
| Net Assets — 100.0% | $113,961,670 | |||
| (A) | Variable rate security - Rate reflected is the rate in effect as of June 30, 2026. |
| (B) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
| (C) | Bank loans pay interest at rates which adjust periodically unless otherwise indicated. The interest rates shown are the current interest rates as of June 30, 2026. |
| (D) | All or a portion of this position has not settled. Full contract rates do not take effect until settlement date. |
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $10,038,174. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| DAC – Designated Activity Company |
| LLC – Limited Liability Company |
| LP – Limited Partnership |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| SOFR – Secured Overnight Financing Rate |
| TSFR3M – Three Month Term Secured Overnight Financing Rate |
| 144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2026, these securities were valued at $88,543,777 or 77.7% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Corporate Bonds | $— | $106,034,451 | $— | $106,034,451 |
| Bank Loans | — | 5,860,301 | — | 5,860,301 |
| Common Stocks | — | 185,957 | — | 185,957 |
| Short-Term Investment Funds | 15,223,331 | — | — | 15,223,331 |
| Total | $15,223,331 | $112,080,709 | $— | $127,304,040 |
| Shares | Market Value | |||
| Common Stocks — 97.8% | ||||
| Industrials — 23.2% | ||||
| 1,716,843 | AerCap Holdings NV (Ireland) | $ 250,281,373 | ||
| 1,646,769 | Allison Transmission Holdings, Inc. | 185,656,737 | ||
| 1,078,382 | Armstrong World Industries, Inc. | 172,994,040 | ||
| 2,363,093 | Copart, Inc.*† | 66,615,592 | ||
| 245,264 | Lennox International, Inc. | 140,524,009 | ||
| 455,490 | Old Dominion Freight Line, Inc. | 98,659,134 | ||
| 490,527 | UniFirst Corp. | 129,724,770 | ||
| 1,044,455,655 | ||||
| Financials — 14.8% | ||||
| 3,375,291 | Ally Financial, Inc. | 155,094,621 | ||
| 704,646 | Cincinnati Financial Corp. | 130,458,160 | ||
| 1,884,246 | Fidelity National Information Services, Inc. | 73,259,485 | ||
| 763,042 | M&T Bank Corp. | 181,611,626 | ||
| 1,954,321 | Moelis & Co. - Class A | 127,851,680 | ||
| 668,275,572 | ||||
| Health Care — 13.5% | ||||
| 9,518,552 | Avantor, Inc.* | 94,233,665 | ||
| 1,919,283 | Bruker Corp. | 115,502,451 | ||
| 2,289,100 | Cooper Cos., Inc. (The)* | 164,151,361 | ||
| 580,068 | STERIS PLC | 122,144,919 | ||
| 307,554 | Waters Corp.* | 115,345,052 | ||
| 611,377,448 | ||||
| Information Technology — 12.4% | ||||
| 634,544 | Appfolio, Inc. - Class A* | 101,749,130 | ||
| 1,456,000 | Entegris, Inc. | 261,876,160 | ||
| 560,612 | Keysight Technologies, Inc.* | 196,253,443 | ||
| 559,878,733 | ||||
| Consumer Discretionary — 12.3% | ||||
| 1,728,524 | Churchill Downs, Inc. | 154,944,891 | ||
| 311,447 | Domino's Pizza, Inc. | 92,200,770 | ||
| 346,484 | Pool Corp. | 74,459,412 | ||
| 2,962,617 | Somnigroup International, Inc. | 232,269,173 | ||
| 553,874,246 | ||||
| Materials — 11.8% | ||||
| 716,325 | AptarGroup, Inc. | 89,683,890 | ||
| 1,969,894 | Ball Corp. | 122,921,385 | ||
| 218,003 | NewMarket Corp. | 172,492,694 | ||
| 502,207 | Vulcan Materials Co. | 148,156,087 | ||
| 533,254,056 | ||||
| Consumer Staples — 7.2% | ||||
| 1,981,573 | Dollar Tree, Inc.* | 239,671,254 | ||
| 957,695 | Post Holdings, Inc.* | 84,526,161 | ||
| 324,197,415 | ||||
| Shares | Market Value | |||
| Common Stocks — 97.8% (Continued) | ||||
| Real Estate — 2.6% | ||||
| 860,369 | CBRE Group, Inc. - Class A* | $ 115,883,101 | ||
| Total Common Stocks | $4,411,196,226 | |||
| Short-Term Investment Funds — 2.5% | ||||
| 102,317,338 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 102,317,338 | ||
| 7,995,849 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 7,995,849 | ||
| Total Short-Term Investment Funds | $110,313,187 | |||
| Total Investment Securities—100.3% (Cost $3,182,530,345) | $4,521,509,413 | |||
| Liabilities in Excess of Other Assets — (0.3%) | (12,886,877) | |||
| Net Assets — 100.0% | $4,508,622,536 | |||
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $7,853,762. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| PLC – Public Limited Company |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $4,411,196,226 | $— | $— | $4,411,196,226 |
| Short-Term Investment Funds | 110,313,187 | — | — | 110,313,187 |
| Total | $4,521,509,413 | $— | $— | $4,521,509,413 |
| Shares | Market Value | |||
| Common Stocks — 98.6% | ||||
| Industrials — 20.0% | ||||
| 43,768 | AerCap Holdings NV (Ireland) | $ 6,380,499 | ||
| 47,339 | Clean Harbors, Inc.* | 14,142,526 | ||
| 43,529 | Dover Corp. | 9,762,684 | ||
| 155,882 | Genpact Ltd. | 4,286,755 | ||
| 109,602 | Hexcel Corp. | 10,966,776 | ||
| 24,772 | L3Harris Technologies, Inc. | 7,198,496 | ||
| 39,934 | Leidos Holdings, Inc. | 4,112,004 | ||
| 5,691 | Parker-Hannifin Corp. | 5,566,481 | ||
| 79,330 | Regal Rexnord Corp. | 18,895,613 | ||
| 14,153 | Snap-on, Inc. | 5,695,167 | ||
| 51,040 | WESCO International, Inc. | 17,630,747 | ||
| 34,910 | Westinghouse Air Brake Technologies Corp. | 9,411,736 | ||
| 114,049,484 | ||||
| Financials — 15.2% | ||||
| 24,068 | Allstate Corp. (The) | 5,726,740 | ||
| 168,305 | Ally Financial, Inc. | 7,733,615 | ||
| 74,179 | American International Group, Inc. | 5,528,561 | ||
| 10,980 | Ameriprise Financial, Inc. | 5,037,185 | ||
| 410,787 | Blue Owl Capital, Inc. | 3,594,386 | ||
| 26,713 | Evercore, Inc. - Class A | 9,120,887 | ||
| 447,527 | First Horizon Corp. | 11,474,592 | ||
| 50,511 | Reinsurance Group of America, Inc. | 10,741,164 | ||
| 85,790 | SouthState Bank Corp. | 8,570,421 | ||
| 415,406 | Starwood Property Trust, Inc. REIT† | 6,804,350 | ||
| 77,795 | Webster Financial Corp. | 5,945,094 | ||
| 25,656 | Willis Towers Watson PLC | 6,705,709 | ||
| 86,982,704 | ||||
| Information Technology — 12.9% | ||||
| 75,429 | Akamai Technologies, Inc.* | 8,916,462 | ||
| 47,548 | Keysight Technologies, Inc.* | 16,645,128 | ||
| 14,774 | Lumentum Holdings, Inc.* | 12,676,978 | ||
| 166,324 | Microchip Technology, Inc. | 15,168,749 | ||
| 58,183 | PTC, Inc.* | 6,610,171 | ||
| 81,553 | Rogers Corp.* | 13,352,673 | ||
| 73,370,161 | ||||
| Consumer Discretionary — 9.4% | ||||
| 205,729 | Aramark | 11,705,980 | ||
| 89,644 | BorgWarner, Inc. | 5,952,362 | ||
| 155,880 | Gentex Corp. | 3,939,088 | ||
| 200,916 | LKQ Corp. | 5,290,118 | ||
| 16,003 | Ralph Lauren Corp. | 6,423,764 | ||
| 15,078 | Royal Caribbean Cruises Ltd. | 4,787,717 | ||
| 19,087 | TopBuild Corp.*† | 6,766,914 | ||
| 218,820 | Valvoline, Inc.* | 8,652,143 | ||
| 53,518,086 | ||||
| Utilities — 8.8% | ||||
| 166,987 | CenterPoint Energy, Inc. | 7,354,107 | ||
| 65,450 | DTE Energy Co. | 9,972,617 | ||
| 87,789 | Entergy Corp. | 10,083,445 | ||
| 111,459 | Evergy, Inc. | 9,633,401 | ||
| 55,668 | WEC Energy Group, Inc. | 6,500,352 | ||
| 83,223 | Xcel Energy, Inc. | 6,682,807 | ||
| 50,226,729 | ||||
| Health Care — 8.7% | ||||
| 76,291 | Agilent Technologies, Inc. | 10,133,734 | ||
| 25,784 | Cencora, Inc. | 7,296,356 | ||
| 93,083 | Encompass Health Corp. | 9,408,830 | ||
| 129,040 | Envista Holdings Corp.* | 3,400,204 | ||
| 11,113 | Humana, Inc. | 4,414,306 | ||
| Shares | Market Value | |||
| Common Stocks — 98.6% (Continued) | ||||
| Health Care — 8.7% (Continued) | ||||
| 32,398 | Labcorp Holdings, Inc. | $ 9,071,440 | ||
| 69,550 | Zimmer Biomet Holdings, Inc. | 5,987,559 | ||
| 49,712,429 | ||||
| Materials — 6.7% | ||||
| 207,963 | Axalta Coating Systems Ltd.* | 7,116,494 | ||
| 132,654 | Ball Corp. | 8,277,610 | ||
| 36,802 | Eagle Materials, Inc. | 8,280,450 | ||
| 59,760 | International Flavors & Fragrances, Inc. | 4,734,187 | ||
| 41,214 | Packaging Corp. of America | 9,820,472 | ||
| 38,229,213 | ||||
| Consumer Staples — 6.1% | ||||
| 5,956 | Casey's General Stores, Inc. | 4,733,769 | ||
| 41,520 | Constellation Brands, Inc. - Class A | 5,775,017 | ||
| 149,146 | Darling Ingredients, Inc.* | 8,146,355 | ||
| 38,216 | Ingredion, Inc. | 3,619,437 | ||
| 96,517 | Lamb Weston Holdings, Inc. | 4,167,604 | ||
| 73,779 | Performance Food Group Co.* | 8,247,754 | ||
| 34,689,936 | ||||
| Energy — 5.7% | ||||
| 164,198 | Devon Energy Corp. | 6,784,661 | ||
| 41,128 | Diamondback Energy, Inc. | 7,229,480 | ||
| 439,898 | Permian Resources Corp. - Class A | 8,098,522 | ||
| 228,067 | SLB Ltd. | 10,602,835 | ||
| 32,715,498 | ||||
| Real Estate — 5.1% | ||||
| 102,601 | Agree Realty Corp. REIT | 7,771,000 | ||
| 23,409 | Essex Property Trust, Inc. REIT | 6,825,830 | ||
| 26,183 | Jones Lang LaSalle, Inc.* | 8,115,421 | ||
| 47,868 | Mid-America Apartment Communities, Inc. REIT | 6,650,780 | ||
| 29,363,031 | ||||
| Total Common Stocks | $562,857,271 | |||
| Exchange-Traded Fund — 0.5% | ||||
| 18,821 | iShares S&P Mid-Cap 400 Value ETF† | 2,780,426 | ||
| Short-Term Investment Funds — 3.3% | ||||
| 4,595,891 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 4,595,891 | ||
| 13,921,687 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 13,921,687 | ||
| Total Short-Term Investment Funds | $18,517,578 | |||
| Total Investment Securities—102.4% (Cost $403,397,628) | $584,155,275 | |||
| Liabilities in Excess of Other Assets — (2.4%) | (13,523,356) | |||
| Net Assets — 100.0% | $570,631,919 | |||
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $13,280,149. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| ETF – Exchange-Traded Fund |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| S&P – Standard & Poor's |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $562,857,271 | $— | $— | $562,857,271 |
| Exchange-Traded Fund | 2,780,426 | — | — | 2,780,426 |
| Short-Term Investment Funds | 18,517,578 | — | — | 18,517,578 |
| Total | $584,155,275 | $— | $— | $584,155,275 |
| Shares | Market Value | |||
| Common Stocks — 99.2% | ||||
| Netherlands — 12.2% | ||||
| Financials — 2.1% | ||||
| 2,166 | Adyen NV, 144a* | $ 2,031,962 | ||
| Health Care — 2.6% | ||||
| 2,767 | Argenx SE ADR* | 2,567,140 | ||
| Information Technology — 7.5% | ||||
| 3,654 | ASML Holding NV | 7,269,414 | ||
| Total Netherlands | 11,868,516 | |||
| Switzerland — 11.8% | ||||
| Consumer Discretionary — 1.8% | ||||
| 49,944 | On Holding AG - Class A* | 1,769,016 | ||
| Health Care — 5.1% | ||||
| 21,549 | Galderma Group AG | 4,901,268 | ||
| Industrials — 4.9% | ||||
| 5,475 | VAT Group AG, 144a | 4,801,141 | ||
| Total Switzerland | 11,471,425 | |||
| Taiwan — 11.4% | ||||
| Information Technology — 11.4% | ||||
| 23,167 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 11,063,864 | ||
| Japan — 8.8% | ||||
| Consumer Staples — 4.5% | ||||
| 120,700 | Ajinomoto Co., Inc. | 4,400,622 | ||
| Information Technology — 4.3% | ||||
| 8,200 | Keyence Corp. | 4,144,996 | ||
| Total Japan | 8,545,618 | |||
| United States — 7.8% | ||||
| Communication Services — 6.3% | ||||
| 28,221 | Liberty Media Corp.-Liberty Formula One - Class C* | 2,684,946 | ||
| 7,406 | Spotify Technology SA* | 3,400,317 | ||
| Information Technology — 1.5% | ||||
| 4,244 | ARM Holdings PLC ADR* | 1,504,795 | ||
| Total United States | 7,590,058 | |||
| India — 7.5% | ||||
| Consumer Discretionary — 3.2% | ||||
| 206,738 | Lenskart Solutions Ltd.* | 1,125,967 | ||
| 43,169 | Titan Co. Ltd. | 2,010,652 | ||
| Financials — 4.3% | ||||
| 212,337 | Bajaj Finance Ltd. | 2,258,327 | ||
| 225,323 | HDFC Bank Ltd. | 1,901,604 | ||
| Total India | 7,296,550 | |||
| Brazil — 6.8% | ||||
| Consumer Discretionary — 3.5% | ||||
| 1,992 | MercadoLibre, Inc.* | 3,381,201 | ||
| Financials — 1.7% | ||||
| 126,134 | NU Holdings Ltd. - Class A* | 1,685,150 | ||
| Industrials — 1.6% | ||||
| 176,775 | WEG SA | 1,606,361 | ||
| Total Brazil | 6,672,712 | |||
| Canada — 6.4% | ||||
| Consumer Discretionary — 1.9% | ||||
| 13,998 | Dollarama, Inc. | 1,851,793 | ||
| Information Technology — 4.5% | ||||
| 38,640 | Shopify, Inc. - Class A* | 4,411,915 | ||
| Total Canada | 6,263,708 | |||
| Shares | Market Value | |||
| Common Stocks — 99.2% (Continued) | ||||
| South Korea — 5.9% | ||||
| Information Technology — 5.9% | ||||
| 6,807 | Samsung Electronics Co. Ltd. | $ 1,510,455 | ||
| 2,424 | SK Hynix, Inc. | 4,277,348 | ||
| Total South Korea | 5,787,803 | |||
| Sweden — 4.6% | ||||
| Industrials — 4.1% | ||||
| 113,602 | AddTech AB - Class B | 4,014,655 | ||
| Information Technology — 0.5% | ||||
| 56,887 | Hexagon AB - Class B | 470,646 | ||
| Total Sweden | 4,485,301 | |||
| Germany — 4.2% | ||||
| Communication Services — 2.6% | ||||
| 44,108 | CTS Eventim AG & Co. KGaA | 2,576,294 | ||
| Industrials — 1.6% | ||||
| 8,098 | Siemens Energy AG | 1,543,815 | ||
| Total Germany | 4,120,109 | |||
| Italy — 3.8% | ||||
| Consumer Discretionary — 2.3% | ||||
| 5,989 | Ferrari NV† | 2,229,645 | ||
| Health Care — 1.5% | ||||
| 79,489 | Stevanato Group SpA | 1,436,366 | ||
| Total Italy | 3,666,011 | |||
| Singapore — 3.2% | ||||
| Consumer Discretionary — 3.2% | ||||
| 32,446 | Sea Ltd. ADR* | 3,109,300 | ||
| United Kingdom — 1.9% | ||||
| Financials — 1.9% | ||||
| 57,214 | 3i Group PLC | 1,881,419 | ||
| France — 1.8% | ||||
| Health Care — 1.8% | ||||
| 9,424 | EssilorLuxottica SA | 1,769,560 | ||
| Australia — 1.1% | ||||
| Health Care — 1.1% | ||||
| 7,410 | Pro Medicus Ltd. | 1,047,578 | ||
| Total Common Stocks | $96,639,532 | |||
| Short-Term Investment Funds — 3.3% | ||||
| 1,182,668 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 1,182,668 | ||
| 2,103,824 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 2,103,824 | ||
| Total Short-Term Investment Funds | $3,286,492 | |||
| Total Investment Securities — 102.5% (Cost $73,772,248) | $99,926,024 | |||
| Liabilities in Excess of Other Assets — (2.5)% | (2,482,108) | |||
| Net Assets — 100.0% | $97,443,916 | |||
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $2,074,400. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| ADR – American Depositary Receipt |
| PLC – Public Limited Company |
| 144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2026, these securities were valued at $6,833,103 or 7.0% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | ||||
| Netherlands | $9,836,554 | $2,031,962 | $— | $11,868,516 |
| Switzerland | 1,769,016 | 9,702,409 | — | 11,471,425 |
| Taiwan | 11,063,864 | — | — | 11,063,864 |
| Japan | — | 8,545,618 | — | 8,545,618 |
| United States | 7,590,058 | — | — | 7,590,058 |
| India | 1,125,967 | 6,170,583 | — | 7,296,550 |
| Brazil | 6,672,712 | — | — | 6,672,712 |
| Canada | 6,263,708 | — | — | 6,263,708 |
| South Korea | — | 5,787,803 | — | 5,787,803 |
| Sweden | — | 4,485,301 | — | 4,485,301 |
| Germany | 1,543,815 | 2,576,294 | — | 4,120,109 |
| Italy | 3,666,011 | — | — | 3,666,011 |
| Singapore | 3,109,300 | — | — | 3,109,300 |
| United Kingdom | — | 1,881,419 | — | 1,881,419 |
| France | — | 1,769,560 | — | 1,769,560 |
| Australia | — | 1,047,578 | — | 1,047,578 |
| Short-Term Investment Funds | 3,286,492 | — | — | 3,286,492 |
| Total | $55,927,497 | $43,998,527 | $— | $99,926,024 |
| Shares | Market Value | |||
| Common Stocks — 94.3% | ||||
| Information Technology — 49.7% | ||||
| 61,570 | Advanced Micro Devices, Inc.* | $ 35,766,629 | ||
| 66,334 | AppLovin Corp. - Class A* | 34,177,267 | ||
| 106,906 | Broadcom, Inc. | 40,383,741 | ||
| 148,241 | Cloudflare, Inc. - Class A* | 36,360,552 | ||
| 206,036 | Datadog, Inc. - Class A* | 53,643,533 | ||
| 124,411 | Lam Research Corp. | 53,911,019 | ||
| 112,541 | Micron Technology, Inc. | 129,904,951 | ||
| 200,821 | Microsoft Corp. | 74,910,249 | ||
| 985,538 | NVIDIA Corp. | 197,196,298 | ||
| 915,427 | Samsara, Inc. - Class A* | 29,687,298 | ||
| 51,541 | Sandisk Corp.* | 117,190,318 | ||
| 165,198 | Seagate Technology Holdings PLC | 159,416,070 | ||
| 542,262 | Shopify, Inc. (Canada) - Class A* | 61,915,475 | ||
| 154,742 | Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) ADR | 73,900,137 | ||
| 1,098,363,537 | ||||
| Communication Services — 16.6% | ||||
| 353,034 | Alphabet, Inc. - Class A | 126,163,761 | ||
| 154,749 | Meta Platforms, Inc. - Class A | 87,168,564 | ||
| 188,058 | Space Exploration Technologies Corp. - Class A* | 32,131,590 | ||
| 244,501 | Sphere Entertainment Co.*† | 42,306,008 | ||
| 174,533 | Spotify Technology SA* | 80,133,336 | ||
| 367,903,259 | ||||
| Industrials — 12.9% | ||||
| 40,113 | Axon Enterprise, Inc.* | 22,487,749 | ||
| 255,604 | Bloom Energy Corp. - Class A* | 77,371,331 | ||
| 148,771 | Carpenter Technology Corp. | 91,767,904 | ||
| 130,705 | Quanta Services, Inc. | 94,112,828 | ||
| 285,739,812 | ||||
| Financials — 7.2% | ||||
| 1,056,466 | Block, Inc.* | 80,291,416 | ||
| 275,555 | Intercontinental Exchange, Inc. | 33,923,576 | ||
| 128,143 | Visa, Inc. - Class A | 43,964,582 | ||
| 158,179,574 | ||||
| Consumer Discretionary — 7.0% | ||||
| 273,077 | Amazon.com, Inc.* | 65,085,172 | ||
| 862,889 | Carvana Co.* | 56,795,354 | ||
| 330,675 | Sea Ltd. (Singapore) ADR* | 31,688,585 | ||
| 153,569,111 | ||||
| Shares | Market Value | |||
| Common Stocks — 94.3% (Continued) | ||||
| Health Care — 0.9% | ||||
| 611,950 | Ultragenyx Pharmaceutical, Inc.* | $ 20,433,011 | ||
| Total Common Stocks | $2,084,188,304 | |||
| Short-Term Investment Funds — 5.8% | ||||
| 128,611,619 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 128,611,619 | ||
| 314,160 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 314,160 | ||
| Total Short-Term Investment Funds | $128,925,779 | |||
| Total Investment Securities—100.1% (Cost $1,486,106,249) | $2,213,114,083 | |||
| Liabilities in Excess of Other Assets — (0.1%) | (1,351,412) | |||
| Net Assets — 100.0% | $2,211,762,671 | |||
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $308,859. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| ADR – American Depositary Receipt |
| PLC – Public Limited Company |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $2,084,188,304 | $— | $— | $2,084,188,304 |
| Short-Term Investment Funds | 128,925,779 | — | — | 128,925,779 |
| Total | $2,213,114,083 | $— | $— | $2,213,114,083 |
| Shares | Market Value | |||
| Common Stocks — 96.3% | ||||
| Industrials — 25.2% | ||||
| 46,404 | Armstrong World Industries, Inc. | $ 7,444,130 | ||
| 107,248 | Atkore, Inc. | 8,155,138 | ||
| 60,823 | Casella Waste Systems, Inc. - Class A* | 5,898,006 | ||
| 362,615 | Gates Industrial Corp. PLC* | 10,142,342 | ||
| 55,919 | Landstar System, Inc. | 11,564,608 | ||
| 235,986 | Marten Transport Ltd. | 4,094,357 | ||
| 49,324 | Matson, Inc. | 9,481,553 | ||
| 26,124 | UniFirst Corp. | 6,908,753 | ||
| 63,688,887 | ||||
| Information Technology — 16.9% | ||||
| 215,433 | ACI Worldwide, Inc.* | 10,834,125 | ||
| 971,836 | CCC Intelligent Solutions Holdings, Inc.* | 5,014,674 | ||
| 141,487 | CTS Corp. | 9,223,537 | ||
| 72,069 | ePlus, Inc. | 5,998,303 | ||
| 39,832 | Qualys, Inc.* | 5,476,502 | ||
| 216,881 | Vontier Corp. | 6,289,549 | ||
| 42,836,690 | ||||
| Financials — 16.5% | ||||
| 216,789 | Atlantic Union Bankshares Corp. | 9,172,342 | ||
| 38,414 | Hanover Insurance Group, Inc. (The) | 8,225,206 | ||
| 171,342 | Moelis & Co. - Class A | 11,209,194 | ||
| 6,365 | White Mountains Insurance Group Ltd. | 13,197,127 | ||
| 41,803,869 | ||||
| Consumer Discretionary — 12.6% | ||||
| 107,163 | Acushnet Holdings Corp. | 12,702,030 | ||
| 6,282 | Graham Holdings Co. - Class B | 7,170,400 | ||
| 10,700 | Murphy USA, Inc. | 5,765,909 | ||
| 269,619 | Revolve Group, Inc.* | 6,171,579 | ||
| 31,809,918 | ||||
| Consumer Staples — 7.7% | ||||
| 50,306 | Interparfums, Inc. | 5,627,229 | ||
| 37,265 | Marzetti Company (The) | 4,254,172 | ||
| 49,534 | PriceSmart, Inc. | 9,675,972 | ||
| 19,557,373 | ||||
| Real Estate — 6.9% | ||||
| 260,751 | Essential Properties Realty Trust, Inc. REIT | 7,783,418 | ||
| 67,687 | First Industrial Realty Trust, Inc. REIT | 4,149,890 | ||
| 46,573 | McGrath RentCorp | 5,636,730 | ||
| 17,570,038 | ||||
| Shares | Market Value | |||
| Common Stocks — 96.3% (Continued) | ||||
| Materials — 6.7% | ||||
| 46,362 | Hawkins, Inc. | $ 6,588,040 | ||
| 12,373 | NewMarket Corp. | 9,790,013 | ||
| 71,069 | Tredegar Corp.* | 565,709 | ||
| 16,943,762 | ||||
| Health Care — 3.8% | ||||
| 115,406 | Enovis Corp.* | 2,388,904 | ||
| 95,082 | Haemonetics Corp.* | 7,131,150 | ||
| 9,520,054 | ||||
| Total Common Stocks | $243,730,591 | |||
| Short-Term Investment Fund — 3.7% | ||||
| 9,310,479 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 9,310,479 | ||
| Total Investment Securities—100.0% (Cost $195,411,098) | $253,041,070 | |||
| Other Assets in Excess of Liabilities — 0.0% | 56,474 | |||
| Net Assets — 100.0% | $253,097,544 | |||
| * | Non-income producing security. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $243,730,591 | $— | $— | $243,730,591 |
| Short-Term Investment Fund | 9,310,479 | — | — | 9,310,479 |
| Total | $253,041,070 | $— | $— | $253,041,070 |
| Shares | Market Value | |||
| Common Stocks — 97.4% | ||||
| Financials — 25.7% | ||||
| 103,899 | Associated Banc-Corp. | $ 3,196,972 | ||
| 157,569 | Chimera Investment Corp. REIT† | 2,101,970 | ||
| 10,346 | City Holding Co. | 1,372,293 | ||
| 126,385 | Columbia Banking System, Inc. | 4,050,639 | ||
| 51,571 | FB Financial Corp. | 2,854,455 | ||
| 26,969 | First American Financial Corp. | 1,849,804 | ||
| 90,655 | First Interstate BancSystem, Inc. - Class A | 3,495,657 | ||
| 13,200 | Hanover Insurance Group, Inc. (The) | 2,826,384 | ||
| 38,204 | Independent Bank Corp. | 3,198,439 | ||
| 81,262 | MGIC Investment Corp. | 2,291,588 | ||
| 74,529 | National Bank Holdings Corp. - Class A | 3,311,324 | ||
| 35,721 | NMI Holdings, Inc. - Class A* | 1,467,776 | ||
| 129,995 | Old National Bancorp | 3,366,871 | ||
| 30,222 | Prosperity Bancshares, Inc. | 2,207,113 | ||
| 116,085 | Simmons First National Corp. - Class A | 2,629,325 | ||
| 103,738 | Starwood Property Trust, Inc. REIT | 1,699,228 | ||
| 47,187 | Univest Financial Corp. | 2,064,431 | ||
| 266,812 | Valley National Bancorp | 3,908,796 | ||
| 41,502 | Voya Financial, Inc. | 3,757,176 | ||
| 19,862 | Westamerica BanCorp | 1,165,304 | ||
| 24,345 | Wintrust Financial Corp. | 3,912,728 | ||
| 56,728,273 | ||||
| Industrials — 21.0% | ||||
| 5,960 | CACI International, Inc. - Class A* | 2,761,030 | ||
| 10,994 | Clean Harbors, Inc.* | 3,284,457 | ||
| 34,992 | Enerpac Tool Group Corp. | 1,254,813 | ||
| 15,505 | Enpro, Inc. | 5,844,300 | ||
| 42,464 | ExlService Holdings, Inc.* | 1,098,119 | ||
| 156,048 | Gates Industrial Corp. PLC* | 4,364,663 | ||
| 30,634 | Helios Technologies, Inc. | 2,734,085 | ||
| 29,158 | Hexcel Corp. | 2,917,549 | ||
| 23,803 | Huron Consulting Group, Inc.* | 2,146,078 | ||
| 15,291 | ITT, Inc. | 3,023,948 | ||
| 42,650 | Korn Ferry | 2,839,637 | ||
| 16,438 | Regal Rexnord Corp. | 3,915,367 | ||
| 15,389 | Standex International Corp. | 5,504,184 | ||
| 8,237 | Valmont Industries, Inc. | 4,757,691 | ||
| 46,445,921 | ||||
| Information Technology — 12.9% | ||||
| 22,584 | Belden, Inc. | 2,708,047 | ||
| 77,271 | Cohu, Inc.* | 5,711,100 | ||
| 243,882 | Harmonic, Inc.* | 3,982,593 | ||
| 30,634 | Rogers Corp.* | 5,015,705 | ||
| 17,666 | Silicon Laboratories, Inc.* | 3,861,081 | ||
| 148,328 | Viavi Solutions, Inc.* | 7,082,662 | ||
| 28,361,188 | ||||
| Consumer Discretionary — 8.4% | ||||
| 15,256 | Cheesecake Factory, Inc. (The)† | 1,213,462 | ||
| 21,473 | Dorman Products, Inc.* | 2,929,991 | ||
| 61,126 | Gentex Corp. | 1,544,654 | ||
| 7,784 | Group 1 Automotive, Inc. | 2,266,467 | ||
| 11,973 | Installed Building Products, Inc. | 2,751,874 | ||
| 3,007 | Murphy USA, Inc. | 1,620,382 | ||
| 42,241 | Steven Madden Ltd. | 1,778,346 | ||
| 18,724 | Urban Outfitters, Inc.* | 1,326,783 | ||
| 47,392 | Valvoline, Inc.* | 1,873,880 | ||
| 26,284 | YETI Holdings, Inc.* | 1,302,635 | ||
| 18,608,474 | ||||
| Shares | Market Value | |||
| Common Stocks — 97.4% (Continued) | ||||
| Real Estate — 7.1% | ||||
| 36,478 | Agree Realty Corp. REIT | $ 2,762,844 | ||
| 82,978 | COPT Defense Properties REIT | 3,019,570 | ||
| 51,261 | CTO Realty Growth, Inc. REIT | 1,102,624 | ||
| 56,437 | National Storage Affiliates Trust REIT | 2,509,753 | ||
| 250,837 | Newmark Group, Inc. - Class A | 3,790,147 | ||
| 63,002 | STAG Industrial, Inc. REIT | 2,397,856 | ||
| 15,582,794 | ||||
| Health Care — 6.3% | ||||
| 17,328 | Addus HomeCare Corp.* | 1,740,944 | ||
| 30,510 | Encompass Health Corp. | 3,083,951 | ||
| 42,739 | Envista Holdings Corp.* | 1,126,173 | ||
| 24,060 | Globus Medical, Inc. - Class A* | 1,900,980 | ||
| 51,003 | Integra LifeSciences Holdings Corp.* | 916,014 | ||
| 103,204 | Option Care Health, Inc.* | 2,164,188 | ||
| 64,158 | Prestige Consumer Healthcare, Inc.* | 3,032,749 | ||
| 13,964,999 | ||||
| Materials — 5.0% | ||||
| 65,242 | Axalta Coating Systems Ltd.* | 2,232,581 | ||
| 32,252 | Cabot Corp. | 2,929,127 | ||
| 23,767 | Ingevity Corp.* | 1,774,682 | ||
| 18,334 | Innospec, Inc. | 1,492,204 | ||
| 76,503 | O-I Glass, Inc.* | 736,724 | ||
| 38,995 | Silgan Holdings, Inc. | 1,808,978 | ||
| 10,974,296 | ||||
| Energy — 4.9% | ||||
| 55,689 | Cactus, Inc. - Class A | 2,852,947 | ||
| 179,909 | Expro Group Holdings NV* | 2,657,256 | ||
| 201,498 | Permian Resources Corp. - Class A | 3,709,578 | ||
| 63,917 | SM Energy Co. | 1,668,234 | ||
| 10,888,015 | ||||
| Utilities — 3.8% | ||||
| 19,809 | Black Hills Corp. | 1,473,790 | ||
| 23,368 | IDACORP, Inc. | 3,535,578 | ||
| 33,391 | Portland General Electric Co. | 1,730,656 | ||
| 20,236 | Spire, Inc. | 1,580,229 | ||
| 8,320,253 | ||||
| Consumer Staples — 2.3% | ||||
| 12,525 | Ingredion, Inc. | 1,186,243 | ||
| 7,908 | Marzetti Company (The) | 902,777 | ||
| 9,830 | MGP Ingredients, Inc. | 172,221 | ||
| 25,306 | Performance Food Group Co.* | 2,828,958 | ||
| 5,090,199 | ||||
| Total Common Stocks | $214,964,412 | |||
| Exchange-Traded Fund — 0.5% | ||||
| 4,964 | iShares Russell 2000 Value ETF† | 1,098,037 | ||
| Shares | Market Value | |||
| Short-Term Investment Funds — 4.0% | ||||
| 4,592,697 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | $ 4,592,697 | ||
| 4,333,280 | Invesco Government & Agency Portfolio, Institutional Class, 3.57%∞Ω** | 4,333,280 | ||
| Total Short-Term Investment Funds | $8,925,977 | |||
| Total Investment Securities—101.9% (Cost $169,300,615) | $224,988,426 | |||
| Liabilities in Excess of Other Assets — (1.9%) | (4,280,489) | |||
| Net Assets — 100.0% | $220,707,937 | |||
| * | Non-income producing security. |
| ** | Collateral for securities loaned. |
| † | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2026 was $4,192,596. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| ETF – Exchange-Traded Fund |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $214,964,412 | $— | $— | $214,964,412 |
| Exchange-Traded Fund | 1,098,037 | — | — | 1,098,037 |
| Short-Term Investment Funds | 8,925,977 | — | — | 8,925,977 |
| Total | $224,988,426 | $— | $— | $224,988,426 |
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 40.2% | ||||
| $ 6,255,000 | Affirm Asset Securitization Trust, Ser 2025-X2, Class B, 144a, 4.560%, 10/15/30 | $ 6,252,693 | ||
| 1,410,000 | Affirm Asset Securitization Trust, Ser 2026-X1, Class B, 144a, 4.590%, 4/15/31 | 1,407,563 | ||
| 11,990,000 | Affirm Master Trust, Ser 2025-2A, Class B, 144a, 5.060%, 7/15/33 | 12,006,197 | ||
| 2,087,855 | American Credit Acceptance Receivables Trust, Ser 2022-4, Class D, 144a, 8.000%, 2/15/29 | 2,090,753 | ||
| 3,568,901 | American Credit Acceptance Receivables Trust, Ser 2023-1, Class D, 144a, 6.350%, 4/12/29 | 3,587,986 | ||
| 10,000,000 | American Credit Acceptance Receivables Trust, Ser 2023-4, Class D, 144a, 7.650%, 9/12/30 | 10,204,367 | ||
| 11,450,000 | American Credit Acceptance Receivables Trust, Ser 2024-1, Class D, 144a, 5.860%, 5/13/30 | 11,546,885 | ||
| 6,753,519 | American Credit Acceptance Receivables Trust, Ser 2024-3, Class C, 144a, 5.730%, 7/12/30 | 6,785,728 | ||
| 778,070 | American Credit Acceptance Receivables Trust, Ser 2025-2, Class A, 144a, 4.810%, 9/12/28 | 778,589 | ||
| 4,400,000 | American Credit Acceptance Receivables Trust, Ser 2025-3, Class C, 144a, 4.950%, 7/12/32 | 4,400,694 | ||
| 2,435,184 | Americredit Automobile Receivables Trust, Ser 2022-1, Class C, 2.980%, 9/20/27 | 2,431,079 | ||
| 6,670,000 | AmeriCredit Automobile Receivables Trust, Ser 2026-1, Class A3, 144a, 4.150%, 11/18/32 | 6,632,220 | ||
| 11,154,488 | Arbys Funding LLC, Ser 2020-1A, Class A2, 144a, 3.237%, 7/30/50 | 10,912,132 | ||
| 1,049,611 | Asset Backed Securities Corp. Home Equity Loan Trust Series OOMC, Ser 2006-HE3, Class A5, (TSFR1M + 0.654%), 2.867%, 3/25/36(A) | 1,038,965 | ||
| 7,100,000 | Audax Senior Debt CLO 4 LLC (Cayman Islands), Ser 2020-4A, Class ARR, 144a, (TSFR3M + 1.500%), 5.131%, 4/20/35(A) | 7,103,451 | ||
| 7,200,000 | Audax Senior Debt CLO 7 LLC, Ser 2023-7A, Class AR2, 144a, (TSFR3M + 1.600%), 5.246%, 4/20/35(A) | 7,217,302 | ||
| 4,343,283 | BCRED BSL Static CLO Ltd. (Cayman Islands), Ser 2025-1A, Class AR, 144a, (TSFR3M + 1.250%), 4.917%, 7/24/35(A) | 4,345,485 | ||
| 9,845,000 | Bridgecrest Lending Auto Securitization Trust, Ser 2025-1, Class C, 5.150%, 12/17/29 | 9,886,105 | ||
| 6,234,610 | Carlyle US CLO Ltd. (Cayman Islands), Ser 2019-1A, Class A1A2, 144a, (TSFR3M + 0.950%), 4.625%, 4/20/31(A) | 6,237,976 | ||
| 4,750,000 | CoreVest American Finance Trust, Ser 2021-3, Class B, 144a, 2.494%, 10/15/54 | 4,710,228 | ||
| 3,406,606 | Credit Acceptance Auto Loan Trust, Ser 2023-1A, Class C, 144a, 7.710%, 7/15/33 | 3,430,139 | ||
| 6,826,000 | Credit Acceptance Auto Loan Trust, Ser 2024-3A, Class A, 144a, 4.680%, 9/15/34 | 6,835,622 | ||
| 7,490,000 | Credit Acceptance Auto Loan Trust, Ser 2025-2A, Class A, 144a, 4.500%, 11/15/35 | 7,455,672 | ||
| 2,782,217 | Drive Auto Receivables Trust, Ser 2025-2, Class A2, 4.290%, 10/16/28 | 2,782,665 | ||
| 3,058,536 | Dryden 53 CLO Ltd. (Cayman Islands), Ser 2017-53A, Class AR, 144a, (TSFR3M + 1.000%), 4.673%, 1/15/31(A) | 3,059,123 | ||
| 3,652,508 | Dryden 80 CLO Ltd. (Cayman Islands), Ser 2019-80A, Class ARR, 144a, (TSFR3M + 0.950%), 4.630%, 1/17/33(A) | 3,649,695 | ||
| 681,353 | DT Auto Owner Trust, Ser 2022-1A, Class D, 144a, 3.400%, 12/15/27 | 681,141 | ||
| 3,202,263 | DT Auto Owner Trust, Ser 2023-1A, Class D, 144a, 6.440%, 11/15/28 | 3,228,060 | ||
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 40.2% (Continued) | ||||
| $ 3,737,250 | Elmwood CLO X Ltd. (Cayman Islands), Ser 2021-3A, Class X, 144a, (TSFR3M + 0.950%), 4.625%, 7/20/38(A) | $ 3,737,157 | ||
| 164,882 | Exeter Automobile Receivables Trust, Ser 2022-1A, Class D, 3.020%, 6/15/28 | 164,674 | ||
| 3,294,686 | Exeter Automobile Receivables Trust, Ser 2022-5A, Class D, 7.400%, 2/15/29 | 3,330,517 | ||
| 776,946 | Exeter Automobile Receivables Trust, Ser 2023-4A, Class C, 6.510%, 8/15/28 | 778,168 | ||
| 660,318 | FNA VI LLC, Ser 2021-1A, Class A, 144a, 1.350%, 1/10/32 | 623,848 | ||
| 71,595 | FNMA REMIC, Ser 2001-W4, Class AF5, 5.614%, 2/25/32(A)(B) | 71,980 | ||
| 1,196,737 | Fortress Credit Opportunities XXIX CLO Ltd. (Cayman Islands), Ser 2025-29A, Class A1, 144a, (TSFR3M + 1.250%), 4.925%, 4/20/33(A) | 1,196,875 | ||
| 6,355,398 | Fortress Credit Opportunities XXXV CLO Ltd. (Cayman Islands), Ser 2025-35A, Class A1, 144a, (TSFR3M + 1.400%), 5.075%, 7/20/33(A) | 6,356,999 | ||
| 7,240,000 | GLS Auto Receivables Issuer Trust, Ser 2021-4A, Class E, 144a, 4.430%, 10/16/28 | 7,223,026 | ||
| 1,397,038 | GLS Auto Receivables Issuer Trust, Ser 2022-2A, Class D, 144a, 6.150%, 4/17/28 | 1,402,517 | ||
| 3,520,732 | GLS Auto Receivables Issuer Trust, Ser 2022-3A, Class D, 144a, 6.420%, 6/15/28 | 3,542,747 | ||
| 3,310,000 | GLS Auto Receivables Issuer Trust, Ser 2023-2A, Class D, 144a, 6.310%, 3/15/29 | 3,344,149 | ||
| 9,625,000 | GLS Auto Receivables Issuer Trust, Ser 2024-1A, Class C, 144a, 5.640%, 12/17/29 | 9,679,809 | ||
| 761,000 | GLS Auto Receivables Issuer Trust, Ser 2024-3A, Class C, 144a, 5.210%, 2/18/31 | 766,635 | ||
| 5,955,000 | GLS Auto Receivables Issuer Trust, Ser 2025-3A, Class C, 144a, 4.690%, 5/15/31 | 5,936,509 | ||
| 2,000,000 | GLS Auto Receivables Issuer Trust, Ser 2026-1A, Class A2, 144a, 4.040%, 11/15/28 | 1,997,967 | ||
| 1,903,831 | GLS Auto Select Receivables Trust, Ser 2024-3A, Class A2, 144a, 5.590%, 10/15/29 | 1,915,906 | ||
| 3,800,000 | Golub Capital Partners CLO 61M, Ser 2022-61A, Class A1B, 144a, 4.550%, 7/25/35 | 3,766,454 | ||
| 7,730,450 | Goto Foods Funding LLC, Ser 2017-1A, Class A2II, 144a, 5.093%, 4/30/47 | 7,706,557 | ||
| 5,435,000 | GreatAmerica Leasing Receivables Funding LLC Series, Ser 2022-1, Class C, 144a, 5.980%, 7/15/30 | 5,460,976 | ||
| 5,304,000 | GreatAmerica Leasing Receivables Funding LLC Series, Ser 2023-1, Class A4, 144a, 5.060%, 3/15/30 | 5,334,746 | ||
| 5,850,000 | GreatAmerica Leasing Receivables Funding LLC Series, Ser 2024-1, Class A4, 144a, 5.080%, 12/16/30 | 5,899,674 | ||
| 7,650,000 | GreatAmerica Leasing Receivables Funding LLC Series, Ser 2024-2, Class A3, 144a, 5.000%, 9/15/28 | 7,696,541 | ||
| 8,268,000 | GreatAmerica Leasing Receivables Funding LLC Series, Ser 2024-2, Class A4, 144a, 5.020%, 5/15/31 | 8,337,682 | ||
| 6,444,000 | Greywolf CLO IV Ltd. (Cayman Islands), Ser 2019-1A, Class A1R2, 144a, (TSFR3M + 1.240%), 4.920%, 4/17/34(A) | 6,450,102 | ||
| 514,137 | Hilton Grand Vacations Trust, Ser 2020-AA, Class A, 144a, 2.740%, 2/25/39 | 508,362 | ||
| 642,671 | Hilton Grand Vacations Trust, Ser 2020-AA, Class B, 144a, 4.220%, 2/25/39 | 639,586 | ||
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 40.2% (Continued) | ||||
| $ 3,355,827 | HPEFS Equipment Trust, Ser 2023-2A, Class D, 144a, 6.970%, 7/21/31 | $ 3,369,856 | ||
| 362,503 | Jack in the Box Funding LLC, Ser 2022-1A, Class A2I, 144a, 3.445%, 2/26/52 | 353,618 | ||
| 9,961,500 | Jimmy Johns Funding LLC, Ser 2017-1A, Class A2II, 144a, 4.846%, 7/30/47 | 9,927,971 | ||
| 9,120,000 | Jimmy Johns Funding LLC, Ser 2022-1A, Class A2I, 144a, 4.077%, 4/30/52 | 9,048,235 | ||
| 787,050 | M&T Equipment Notes, Ser 2024-1A, Class A2, 144a, 4.990%, 8/18/31 | 787,835 | ||
| 1,626,615 | Madison Park Funding XIV Ltd. (Cayman Islands), Ser 2014-14A, Class AR4, 144a, (TSFR3M + 0.960%), 4.624%, 10/22/30(A) | 1,626,169 | ||
| 1,349,250 | Madison Park Funding XXVIII Ltd. (Cayman Islands), Ser 2018-28A, Class X, 144a, (TSFR3M + 0.900%), 4.573%, 1/15/38(A) | 1,349,265 | ||
| 1,418,724 | MVW LLC, Ser 2020-1A, Class A, 144a, 1.740%, 10/20/37 | 1,414,000 | ||
| 1,402,875 | Neighborly Issuer, Ser 2023-1A, Class A2, 144a, 7.308%, 1/30/53 | 1,404,941 | ||
| 7,772,901 | OneMain Direct Auto Receivables Trust, Ser 2022-1A, Class B, 144a, 5.070%, 6/14/29 | 7,781,785 | ||
| 13,460,000 | OneMain Financial Issuance Trust, Ser 2019-2A, Class A, 144a, 3.140%, 10/14/36 | 13,287,974 | ||
| 3,332,811 | OneMain Financial Issuance Trust, Ser 2021-1A, Class A1, 144a, 1.550%, 6/16/36 | 3,270,061 | ||
| 9,002,193 | Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2024-1A, Class A1R, 144a, (TSFR3M + 0.820%), 4.493%, 10/15/32(A) | 8,995,441 | ||
| 9,409,670 | Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2025-2A, Class A1, 144a, (TSFR3M + 0.940%), 4.613%, 7/15/33(A) | 9,404,965 | ||
| 3,597,801 | Post Road Equipment Finance LLC, Ser 2025-1A, Class A2, 144a, 4.900%, 5/15/31 | 3,611,022 | ||
| 274,235 | Prestige Auto Receivables Trust, Ser 2025-1A, Class A2, 144a, 4.870%, 12/15/27 | 274,288 | ||
| 7,345,000 | Progress Residential Trust, Ser 2022-SFR3, Class B, 144a, 3.600%, 4/17/39 | 7,254,923 | ||
| 10,515,730 | RCKT Mortgage Trust, Ser 2024-CES8, Class A1A, 144a, 5.490%, 11/25/44(A)(B) | 10,536,988 | ||
| 1,716,000 | Regatta XX Funding Ltd. (Cayman Islands), Ser 2021-2A, Class X, 144a, (TSFR3M + 0.970%), 4.643%, 1/15/38(A) | 1,715,993 | ||
| 7,079,526 | Santander Drive Auto Receivables Trust, Ser 2022-4, Class C, 5.000%, 11/15/29 | 7,093,668 | ||
| 19,220,000 | Santander Drive Auto Receivables Trust, Ser 2025-4, Class A3, 4.170%, 4/15/30 | 19,190,292 | ||
| 1,013,202 | SCF Equipment Leasing LLC, Ser 2025-1A, Class A2, 144a, 4.820%, 7/22/30 | 1,013,267 | ||
| 940,384 | Sierra Timeshare Receivables Funding LLC, Ser 2024-3A, Class B, 144a, 4.980%, 8/20/41 | 938,040 | ||
| 766,227 | Towd Point Mortgage Trust, Ser 2019-HY1, Class A1, 144a, (TSFR1M + 1.114%), 4.763%, 10/25/48(A) | 766,582 | ||
| 3,636,922 | Westlake Automobile Receivables Trust, Ser 2022-3A, Class D, 144a, 6.680%, 4/17/28 | 3,646,275 | ||
| 1,000,000 | Westlake Automobile Receivables Trust, Ser 2023-3A, Class D, 144a, 6.470%, 3/15/29 | 1,012,317 | ||
| 14,625,000 | Westlake Automobile Receivables Trust, Ser 2025-2A, Class C, 144a, 4.850%, 1/15/31 | 14,644,279 | ||
| 5,396,434 | Woodmont LP (Cayman Islands), Ser 2025-14A, Class A1, 144a, (TSFR3M + 1.250%), 4.925%, 1/20/34(A) | 5,399,278 | ||
| Total Asset-Backed Securities | $403,688,006 | |||
| Principal Amount | Market Value | |||
| Corporate Bonds — 26.8% | ||||
| Financials — 7.0% | ||||
| $ 9,443,000 | Barclays PLC (United Kingdom), 5.674%, 3/12/28 | $ 9,520,036 | ||
| 3,950,000 | Citibank NA, (SOFR + 0.708%), 4.335%, 8/6/26(A) | 3,950,237 | ||
| 7,955,000 | Citizens Financial Group, Inc., 2.850%, 7/27/26 | 7,946,660 | ||
| 6,730,000 | Fifth Third Bank NA, (SOFR + 0.810%), 4.440%, 1/28/28(A) | 6,734,864 | ||
| 2,038,000 | Fifth Third Financial Corp., 3.800%, 7/22/26 | 2,037,379 | ||
| 1,750,000 | Huntington National Bank (The), 4.871%, 4/12/28 | 1,753,818 | ||
| 6,298,000 | Jackson National Life Global Funding, 144a, 4.900%, 1/13/27 | 6,309,510 | ||
| 1,325,000 | JPMorgan Chase & Co., 4.125%, 12/15/26 | 1,324,811 | ||
| 2,982,000 | JPMorgan Chase & Co., Ser B, (TSFR3M + 0.762%), 4.425%, 2/1/27(A) | 2,968,289 | ||
| 1,450,000 | Nomura Holdings, Inc. (Japan), 2.329%, 1/22/27 | 1,433,666 | ||
| 10,300,000 | Ontario Teachers' Cadillac Fairview Properties Trust (Canada), 144a, 3.875%, 3/20/27 | 10,256,497 | ||
| 3,000,000 | PNC Capital Trust, (TSFR3M + 0.832%), 4.492%, 6/1/28(A) | 2,964,435 | ||
| 2,000,000 | Reliance Standard Life Global Funding II, 144a, 2.750%, 1/21/27 | 1,978,473 | ||
| 11,050,000 | Truist Financial Corp., (TSFR3M + 0.912%), 4.576%, 3/15/28(A) | 10,925,815 | ||
| 70,104,490 | ||||
| Consumer Discretionary — 5.4% | ||||
| 8,808,000 | Daimler Truck Finance North America LLC (Germany), 144a, 4.300%, 8/12/27 | 8,791,088 | ||
| 3,495,000 | Daimler Truck Finance North America LLC (Germany), 144a, 5.125%, 9/25/27 | 3,519,770 | ||
| 11,350,000 | General Motors Financial Co., Inc., 4.350%, 1/17/27 | 11,339,072 | ||
| 5,350,000 | Hyundai Capital America, 144a, 5.250%, 1/8/27 | 5,372,094 | ||
| 3,624,000 | Hyundai Capital America, 144a, 5.300%, 3/19/27 | 3,646,045 | ||
| 4,780,000 | Mercedes-Benz Finance North America LLC (Germany), 144a, (SOFR + 0.630%), 4.260%, 7/31/26(A) | 4,781,625 | ||
| 8,255,000 | Mercedes-Benz Finance North America LLC (Germany), 144a, 4.800%, 1/11/27 | 8,278,442 | ||
| 2,853,000 | Volkswagen Group of America Finance LLC (Germany), 144a, 3.200%, 9/26/26 | 2,843,488 | ||
| 3,615,000 | Volkswagen Group of America Finance LLC (Germany), 144a, 4.850%, 8/15/27 | 3,623,029 | ||
| 2,405,000 | Volkswagen Group of America Finance LLC (Germany), 144a, 5.700%, 9/12/26 | 2,410,563 | ||
| 54,605,216 | ||||
| Industrials — 4.6% | ||||
| 2,671,000 | Amrize Finance US LLC, 4.600%, 4/7/27 | 2,674,401 | ||
| 17,081,000 | Berry Global, Inc., 1.650%, 1/15/27 | 16,824,237 | ||
| 4,622,836 | BNSF Railway Co. Pass-Through Trust, 144a, 3.442%, 6/16/28 | 4,546,714 | ||
| 1,000,000 | CNH Industrial Capital LLC, 1.450%, 7/15/26 | 998,897 | ||
| 5,882,000 | CNH Industrial Capital LLC, 4.500%, 10/8/27 | 5,878,977 | ||
| 4,250,000 | L3Harris Technologies, Inc., 5.400%, 1/15/27 | 4,271,331 | ||
| 9,156,000 | Penske Truck Leasing Co. LP / PTL Finance Corp., 144a, 3.400%, 11/15/26 | 9,119,154 | ||
| 2,224,000 | Ryder System, Inc., MTN, 1.750%, 9/1/26 | 2,213,739 | ||
| 46,527,450 | ||||
| Real Estate — 3.2% | ||||
| 4,580,000 | American Tower Corp. REIT, 3.125%, 1/15/27 | 4,546,635 | ||
| 3,578,000 | Boston Properties LP REIT, 2.750%, 10/1/26 | 3,566,349 | ||
| 2,118,000 | Crown Castle, Inc. REIT, 1.050%, 7/15/26 | 2,115,313 | ||
| 2,913,000 | Crown Castle, Inc. REIT, 4.000%, 3/1/27 | 2,905,292 | ||
| 2,515,000 | DOC DR LLC REIT, 4.300%, 3/15/27 | 2,512,059 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 26.8% (Continued) | ||||
| Real Estate — 3.2% (Continued) | ||||
| $ 5,500,000 | Public Storage Operating Co. REIT, (SOFR + 0.700%), 4.333%, 4/16/27(A) | $ 5,511,957 | ||
| 3,293,000 | VICI Properties LP / VICI Note Co., Inc. REIT, 144a, 4.250%, 12/1/26 | 3,286,689 | ||
| 1,860,000 | VICI Properties LP / VICI Note Co., Inc. REIT, 144a, 4.500%, 9/1/26 | 1,858,874 | ||
| 6,192,000 | WEA Finance LLC REIT (France), 144a, 2.875%, 1/15/27 | 6,132,569 | ||
| 32,435,737 | ||||
| Energy — 1.9% | ||||
| 7,965,000 | Boardwalk Pipelines LP, 4.450%, 7/15/27 | 7,953,598 | ||
| 3,263,000 | Continental Resources, Inc., 144a, 2.268%, 11/15/26 | 3,233,244 | ||
| 4,235,000 | ONEOK, Inc., 4.000%, 7/13/27 | 4,213,809 | ||
| 3,930,000 | ONEOK, Inc., 5.550%, 11/1/26 | 3,942,731 | ||
| 19,343,382 | ||||
| Utilities — 1.7% | ||||
| 9,520,000 | DTE Energy Co., 4.950%, 7/1/27 | 9,567,994 | ||
| 5,012,000 | KeySpan Gas East Corp., 144a, 2.742%, 8/15/26 | 5,001,195 | ||
| 2,000,000 | Vistra Operations Co. LLC, 144a, 5.050%, 12/30/26 | 2,001,334 | ||
| 16,570,523 | ||||
| Materials — 1.4% | ||||
| 3,440,000 | Bayport Polymers LLC, 144a, 4.743%, 4/14/27 | 3,435,524 | ||
| 7,768,000 | Nutrien Ltd. (Canada), 4.000%, 12/15/26 | 7,758,669 | ||
| 2,900,000 | Yara International ASA (Brazil), 144a, 4.750%, 6/1/28 | 2,894,517 | ||
| 14,088,710 | ||||
| Health Care — 1.2% | ||||
| 4,000,000 | Elevance Health, Inc., 4.500%, 10/30/26 | 4,005,117 | ||
| 2,353,000 | HCA, Inc., 4.500%, 2/15/27 | 2,352,010 | ||
| 5,045,000 | UnitedHealth Group, Inc., (SOFR + 0.500%), 4.134%, 7/15/26(A) | 5,045,505 | ||
| 11,402,632 | ||||
| Information Technology — 0.3% | ||||
| 3,177,000 | Autodesk, Inc., 3.500%, 6/15/27 | 3,145,117 | ||
| Consumer Staples — 0.1% | ||||
| 1,300,000 | Imperial Brands Finance PLC (United Kingdom), 144a, 3.500%, 7/26/26 | 1,298,963 | ||
| Total Corporate Bonds | $269,522,220 | |||
| Commercial Mortgage-Backed Securities — 17.8% | ||||
| 4,335,148 | 1166 Avenue of the Americas Commercial Mortgage Trust II, Ser 2005-C6A, Class A2, 144a, 5.690%, 10/13/37 | 4,364,721 | ||
| 4,250,000 | 245 Park Avenue Trust, Ser 2017-245P, Class A, 144a, 3.508%, 6/5/37 | 4,197,976 | ||
| 10,535,000 | BANK, Ser 2017-BNK5, Class AS, 3.624%, 6/15/60 | 10,349,592 | ||
| 14,788,913 | BANK, Ser 2017-BNK6, Class AS, 3.741%, 7/15/60(A)(B) | 14,545,190 | ||
| 13,710,000 | Bank of America Merrill Lynch Commercial Mortgage Trust, Ser 2017-BNK3, Class AS, 3.748%, 2/15/50 | 13,578,303 | ||
| 5,200,000 | BPR Trust, Ser 2023-BRK2, Class B, 144a, 7.889%, 10/5/38(A)(B) | 5,336,895 | ||
| 5,495,000 | BX Commercial Mortgage Trust, Ser 2021-21M, Class B, 144a, (TSFR1M + 1.092%), 4.717%, 10/15/36(A) | 5,495,000 | ||
| 7,496,300 | BX Commercial Mortgage Trust, Ser 2021-21M, Class C, 144a, (TSFR1M + 1.291%), 4.916%, 10/15/36(A) | 7,496,300 | ||
| Principal Amount | Market Value | |||
| Commercial Mortgage-Backed Securities — 17.8% (Continued) | ||||
| $ 3,654,863 | BX Commercial Mortgage Trust, Ser 2021-ACNT, Class A, 144a, (TSFR1M + 0.964%), 4.589%, 11/15/38(A) | $ 3,654,863 | ||
| 1,000,000 | BX Trust, Ser 2022-LBA6, Class B, 144a, (TSFR1M + 1.300%), 4.925%, 1/15/39(A) | 999,688 | ||
| 6,699,273 | BXMT Ltd. (Cayman Islands), Ser 2020-FL2, Class AS, 144a, (TSFR1M + 1.514%), 5.151%, 2/15/38(A) | 6,695,952 | ||
| 4,958,491 | BXP Trust, Ser 2017-CQHP, Class A, 144a, (TSFR1M + 0.897%), 4.523%, 11/15/34(A) | 4,806,553 | ||
| 7,300,000 | CFCRE Commercial Mortgage Trust, Ser 2016-C4, Class B, 4.147%, 5/10/58 | 7,255,981 | ||
| 3,616,992 | CSAIL Commercial Mortgage Trust, Ser 2016-C7, Class A5, 3.502%, 11/15/49 | 3,605,345 | ||
| 560,699 | GS Mortgage Securities Corp. Trust, Ser 2017-GPTX, Class A, 144a, 2.856%, 5/10/34 | 501,661 | ||
| 8,580,000 | GS Mortgage Securities Corp. Trust, Ser 2025-800D, Class A, 144a, (TSFR1M + 2.650%), 6.287%, 11/25/41(A) | 8,553,323 | ||
| 5,000,000 | Hilton USA Trust, Ser 2016-HHV, Class A, 144a, 3.719%, 11/5/38 | 4,982,807 | ||
| 2,150,000 | Hilton USA Trust, Ser 2016-HHV, Class B, 144a, 4.333%, 11/5/38(A)(B) | 2,145,586 | ||
| 10,000,000 | Hilton USA Trust, Ser 2016-HHV, Class C, 144a, 4.333%, 11/5/38(A)(B) | 9,973,416 | ||
| 2,500,000 | HONO Mortgage Trust, Ser 2021-LULU, Class A, 144a, (TSFR1M +1.264%), 4.890%, 10/15/36(A) | 2,475,000 | ||
| 1,000,000 | JP Morgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP4, Class A4, 3.648%, 12/15/49(A)(B) | 994,646 | ||
| 1,300,000 | JP Morgan Chase Commercial Mortgage Securities Trust, Ser 2018-WPT, Class BFX, 144a, 4.549%, 7/5/33 | 1,059,500 | ||
| 6,148,663 | KIND Trust, Ser 2021-KIND, Class A, 144a, (TSFR1M + 1.064%), 4.690%, 8/15/38(A) | 6,138,944 | ||
| 4,394,172 | MF1 LLC, Ser 2022-FL9, Class A, 144a, (TSFR1M + 2.150%), 5.789%, 6/19/37(A) | 4,399,997 | ||
| 1,519,446 | Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2016-C30, Class A5, 2.860%, 9/15/49 | 1,514,894 | ||
| 8,406,728 | Morgan Stanley Capital I Trust, Ser 2016-BNK2, Class A4, 3.049%, 11/15/49 | 8,293,724 | ||
| 14,285,000 | Morgan Stanley Capital I Trust, Ser 2017-H1, Class AS, 3.773%, 6/15/50 | 14,065,794 | ||
| 5,661,653 | Morgan Stanley Capital I Trust, Ser 2018-BOP, Class A, 144a, (TSFR1M + 0.897%), 4.523%, 8/15/33(A) | 4,605,132 | ||
| 3,260,000 | SREIT Trust, Ser 2021-MFP2, Class A, 144a, (TSFR1M + 0.936%), 4.561%, 11/15/36(A) | 3,259,009 | ||
| 13,330,000 | VEGAS Trust, Ser 2024-TI, Class A, 144a, 5.518%, 11/10/39 | 13,315,222 | ||
| Total Commercial Mortgage-Backed Securities | $178,661,014 | |||
| Non-Agency Collateralized Mortgage Obligations — 8.2% | ||||
| 10,247,295 | Arroyo Mortgage Trust, Ser 2022-1, Class A1A, 144a, 3.495%, 12/25/56(A)(B) | 9,948,703 | ||
| 302,377 | Bear Stearns ARM Trust, Ser 2003-1, Class 5A1, 5.910%, 4/25/33(A)(B)†† | 304,975 | ||
| 78,906 | Bear Stearns Asset Backed Securities Trust, Ser 2003-AC7, Class A2, 5.750%, 1/25/34(A)(B)†† | 64,735 | ||
| 3,032,516 | Cascade Funding Mortgage Trust, Ser 2025-HB16, Class A, 144a, 3.000%, 3/25/35(A)(B) | 3,001,349 | ||
| 3,622,148 | CIM Trust, Ser 2019-R5, Class A1, 144a, 2.680%, 9/25/59(A)(B) | 3,574,194 | ||
| Principal Amount | Market Value | |||
| Non-Agency Collateralized Mortgage Obligations — 8.2% (Continued) | ||||
| $ 2,980,991 | COLT Mortgage Loan Trust, Ser 2023-1, Class A1, 144a, 6.048%, 4/25/68(A)(B) | $ 2,972,077 | ||
| 98 | Community Program Loan Trust, Ser 1987-A, Class A5, 4.500%, 4/1/29 | 98 | ||
| 4,543,319 | CSMC Trust, Ser 2018-RPL9, Class A1, 144a, 3.850%, 9/25/57(A)(B) | 4,459,894 | ||
| 6,925,140 | Finance of America HECM Buyout, Ser 2025-HB1, Class A, 144a, 4.500%, 11/25/35(A)(B) | 6,847,657 | ||
| 711,550 | GCAT Trust, Ser 2024-NQM1, Class A1, 144a, 6.007%, 1/25/59(A)(B) | 712,563 | ||
| 932,990 | GSR Mortgage Loan Trust, Ser 2003-13, Class 1A1, 5.555%, 10/25/33(A)(B) | 936,143 | ||
| 39,203 | JP Morgan Mortgage Trust, Ser 2006-A4, Class 2A2, 5.219%, 6/25/36(A)(B) | 27,006 | ||
| 1,302,435 | JP Morgan Mortgage Trust, Ser 2019-HYB1, Class A5A, 144a, 5.122%, 10/25/49(A)(B) | 1,279,982 | ||
| 10,744 | Merrill Lynch Mortgage Investors Trust, Ser 2004-1, Class 1A, 5.830%, 12/25/34(A)(B) | 10,594 | ||
| 8,908 | Merrill Lynch Mortgage Investors Trust, Ser 2003-A1, Class 2A, (TSFR12M + 2.340%), 6.182%, 12/25/32(A) | 8,953 | ||
| 193,342 | Mill City Mortgage Loan Trust, Ser 2017-2, Class M1, 144a, 3.250%, 7/25/59(A)(B) | 192,761 | ||
| 7,225,000 | Mill City Mortgage Loan Trust, Ser 2017-2, Class M2, 144a, 3.250%, 7/25/59(A)(B) | 7,076,983 | ||
| 1,206,838 | Mill City Mortgage Loan Trust, Ser 2019-1, Class A1, 144a, 3.250%, 10/25/69(A)(B) | 1,182,965 | ||
| 1,587,394 | Mill City Mortgage Trust, Ser 2015-1, Class M3, 144a, 3.749%, 6/25/56(A)(B) | 1,576,438 | ||
| 3,495,923 | Morgan Stanley Residential Mortgage Loan Trust, Ser 2024-NQM1, Class A1, 144a, 6.152%, 12/25/68(A)(B) | 3,503,622 | ||
| 3,449,140 | New Residential Mortgage Loan Trust, Ser 2024-NQM1, Class A1, 144a, 6.129%, 3/25/64(A)(B) | 3,458,708 | ||
| 3,309,783 | OBX Trust, Ser 2024-NQM12, Class A1, 144a, 5.475%, 7/25/64(A)(B) | 3,311,608 | ||
| 4,306,363 | OBX Trust, Ser 2024-NQM15, Class A1, 144a, 5.316%, 10/25/64(A)(B) | 4,303,456 | ||
| 3,671,939 | OBX Trust, Ser 2024-NQM3, Class A1, 144a, 6.129%, 12/25/63(A)(B) | 3,681,599 | ||
| 173,256 | RFMSI Trust, Ser 2007-SA1, Class 1A1, 3.200%, 2/25/37(A)(B) | 150,517 | ||
| 5,350,748 | RMF Proprietary Issuance Trust, Ser 2019-1, Class A, 144a, 2.750%, 10/25/63(A)(B) | 5,176,653 | ||
| 617,827 | Sequoia Mortgage Trust, Ser 2013-7, Class B2, 3.507%, 6/25/43(A)(B) | 604,379 | ||
| 734,909 | Sequoia Mortgage Trust, Ser 2019-CH3, Class A13, 144a, 4.000%, 9/25/49(A)(B) | 686,404 | ||
| 6,208,948 | Sequoia Mortgage Trust, Ser 2024-INV1, Class A6, 144a, 5.500%, 10/25/54(A)(B) | 6,202,835 | ||
| 1,377,850 | Starwood Mortgage Residential Trust, Ser 2020-3, Class A1, 144a, 1.486%, 4/25/65(A)(B) | 1,359,395 | ||
| 836,699 | Towd Point Mortgage Trust, Ser 2015-2, Class 1B1, 144a, 3.625%, 11/25/60(A)(B) | 831,370 | ||
| 1,005,434 | Towd Point Mortgage Trust, Ser 2016-1, Class M2, 144a, 3.500%, 2/25/55(A)(B) | 1,000,457 | ||
| 1,592,075 | Towd Point Mortgage Trust, Ser 2016-3, Class M2, 144a, 4.000%, 4/25/56(A)(B) | 1,586,685 | ||
| Principal Amount | Market Value | |||
| Non-Agency Collateralized Mortgage Obligations — 8.2% (Continued) | ||||
| $ 1,237,083 | Towd Point Mortgage Trust, Ser 2017-2, Class M1, 144a, 3.750%, 4/25/57(A)(B) | $ 1,223,938 | ||
| 1,598,892 | Towd Point Mortgage Trust, Ser 2021-SJ2, Class A1A, 144a, 2.250%, 12/25/61(A)(B) | 1,566,077 | ||
| Total Non-Agency Collateralized Mortgage Obligations | $82,825,773 | |||
| U.S. Treasury Obligations — 1.6% | ||||
| 15,870,000 | U.S. Treasury Note, 3.375%, 2/29/28 | 15,675,345 | ||
| Commercial Paper — 0.5% | ||||
| 5,000,000 | Alexandria Real Estate Equities, Inc., 144a, 4.186%, 7/6/26(C) | 4,996,776 | ||
| Municipal Bonds — 0.3% | ||||
| Other Territory — 0.3% | ||||
| 1,000,000 | Taxable Municipal Funding Trust, Rev., Floaters Ser BTMFT 2024 10, (LOC - Barclays Bank PLC), 144a, 3.950%, 6/30/28(A)(B) | 1,000,000 | ||
| 1,524,000 | Taxable Municipal Funding Trust, Rev., Txbl Floaters Ser BTMFT 2021, (LOC - Barclays Bank PLC), 144a, 3.950%, 12/15/27(A)(B) | 1,524,000 | ||
| 800,000 | Taxable Municipal Funding Trust, Txbl Floaters Ser 2020 11, (LOC - Barclays Bank PLC), 144a, 3.950%, 9/1/30(A)(B) | 800,000 | ||
| 3,324,000 | ||||
| U.S. Government Mortgage-Backed Obligations — 0.2% | ||||
| 55,429 | FHLMC, Pool #1B7189, (RFUCCT1Y + 2.470%), 6.783%, 3/1/36(A) | 57,421 | ||
| 31,478 | FHLMC, Pool #1H1354, (1 Year CMT Rate + 2.250%), 6.343%, 11/1/36(A) | 32,374 | ||
| 5,857 | FHLMC, Pool #1J1813, (RFUCCT1Y + 1.925%), 6.675%, 8/1/37(A) | 6,093 | ||
| 67,072 | FHLMC, Pool #1L0147, (1 Year CMT Rate + 2.290%), 6.290%, 7/1/35(A) | 68,836 | ||
| 23,334 | FHLMC, Pool #1Q0080, (RFUCCT1Y + 1.654%), 6.118%, 1/1/36(A) | 24,009 | ||
| 49,634 | FHLMC, Pool #1Q0119, (RFUCCT1Y + 1.870%), 6.600%, 9/1/36(A) | 51,219 | ||
| 41,883 | FHLMC, Pool #1Q0187, (RFUCCT1Y + 1.758%), 6.375%, 12/1/36(A) | 43,068 | ||
| 20,221 | FHLMC, Pool #1Q0339, (RFUCCT1Y + 1.908%), 6.160%, 4/1/37(A) | 20,699 | ||
| 33,185 | FHLMC, Pool #1Q1303, (1 Year CMT Rate + 2.250%), 6.182%, 11/1/36(A) | 34,039 | ||
| 61,308 | FHLMC, Pool #781515, (1 Year CMT Rate + 2.250%), 5.750%, 4/1/34(A) | 62,676 | ||
| 25,855 | FHLMC, Pool #782760, (1 Year CMT Rate + 2.250%), 6.293%, 11/1/36(A) | 26,761 | ||
| 20,128 | FHLMC, Pool #847795, (1 Year CMT Rate + 2.319%), 6.121%, 4/1/35(A) | 20,496 | ||
| 73,686 | FHLMC, Pool #848539, (1 Year CMT Rate + 2.340%), 6.143%, 4/1/37(A) | 75,574 | ||
| 160,314 | FHLMC, Pool #848583, (1 Year CMT Rate + 2.258%), 5.856%, 1/1/36(A) | 165,719 | ||
| 2,638 | FHLMC, Pool #A92646, 5.500%, 6/1/40 | 2,709 | ||
| 3,715 | FHLMC, Pool #C03505, 5.500%, 6/1/40 | 3,816 | ||
| 8,624 | FHLMC, Pool #G01840, 5.000%, 7/1/35 | 8,656 | ||
| 24,636 | FNMA, Pool #254868, 5.000%, 9/1/33 | 24,695 | ||
| 4,075 | FNMA, Pool #256852, 6.000%, 8/1/27 | 4,170 | ||
| 1,503 | FNMA, Pool #323832, 7.500%, 7/1/29 | 1,530 | ||
| 2,073 | FNMA, Pool #665773, 7.500%, 6/1/31 | 2,073 | ||
| Principal Amount | Market Value | |||
| U.S. Government Mortgage-Backed Obligations — 0.2% (Continued) | ||||
| $ 26,912 | FNMA, Pool #679742, (1 Year CMT Rate + 2.480%), 6.561%, 1/1/40(A) | $ 27,328 | ||
| 31,284 | FNMA, Pool #725424, 5.500%, 4/1/34 | 31,634 | ||
| 129,000 | FNMA, Pool #725490, (RFUCCT1Y + 1.596%), 5.752%, 4/1/34(A) | 130,984 | ||
| 5,084 | FNMA, Pool #735484, 5.000%, 5/1/35 | 5,078 | ||
| 31,454 | FNMA, Pool #813170, (RFUCCT1Y + 1.575%), 5.915%, 1/1/35(A) | 32,082 | ||
| 94,140 | FNMA, Pool #815323, (RFUCCT6M + 1.525%), 5.705%, 1/1/35(A) | 97,560 | ||
| 42,234 | FNMA, Pool #820364, (RFUCCT1Y + 0.827%), 4.952%, 4/1/35(A) | 42,287 | ||
| 38,075 | FNMA, Pool #827787, (RFUCCT6M + 1.55%), 5.644%, 5/1/35(A) | 38,995 | ||
| 22,368 | FNMA, Pool #889060, 6.000%, 1/1/38 | 23,945 | ||
| 21,713 | FNMA, Pool #889061, 6.000%, 1/1/38 | 22,782 | ||
| 1,290 | FNMA, Pool #889382, 5.500%, 4/1/38 | 1,328 | ||
| 38,079 | FNMA, Pool #922674, (RFUCCT1Y + 1.905%), 6.198%, 4/1/36(A) | 39,268 | ||
| 12,750 | FNMA, Pool #960376, 5.500%, 12/1/37 | 13,115 | ||
| 2,192 | FNMA, Pool #AD0941, 5.500%, 4/1/40 | 2,249 | ||
| 14,030 | FNMA, Pool #AE0363, 5.000%, 7/1/37 | 13,996 | ||
| 22,385 | FNMA, Pool #AE5441, 5.000%, 10/1/40 | 22,608 | ||
| 117 | FNMA, Pool #AI6588, 4.000%, 7/1/26 | 117 | ||
| 354 | FNMA, Pool #AI8506, 4.000%, 8/1/26 | 353 | ||
| 29,794 | FNMA, Pool #AL0211, 5.000%, 4/1/41 | 30,090 | ||
| 119,766 | FNMA, Pool #AL0478, (RFUCCT1Y + 1.787%), 6.216%, 4/1/36(A) | 123,877 | ||
| 66,603 | FNMA, Pool #AL0543, 5.000%, 7/1/41 | 67,266 | ||
| 28,994 | FNMA, Pool #AL1105, 4.500%, 12/1/40 | 28,739 | ||
| 5,913 | FNMA, Pool #AL2591, 5.500%, 5/1/38 | 5,881 | ||
| 138,285 | FNMA, Pool #AL5275, (RFUCCT6M + 1.506%), 5.572%, 9/1/37(A) | 142,725 | ||
| 314,174 | FNMA, Pool #AL7396, (RFUCCT6M + 1.533%), 5.600%, 2/1/37(A) | 322,768 | ||
| 89,694 | GNMA, Pool #80826, (1 Year CMT Rate + 1.500%), 5.000%, 2/20/34(A) | 90,493 | ||
| 40,298 | GNMA, Pool #80889, (1 Year CMT Rate + 1.500%), 5.625%, 4/20/34(A) | 40,831 | ||
| 82,114 | GNMA, Pool #81016, (1 Year CMT Rate + 1.500%), 5.375%, 8/20/34(A) | 83,100 | ||
| 97,087 | GNMA, Pool #82760, (1 Year CMT Rate + 1.500%), 5.000%, 3/20/41(A) | 98,322 | ||
| 6,058 | GNMA, Pool #MA2392, (1 Year CMT Rate + 1.500%), 5.125%, 11/20/44(A) | 6,062 | ||
| 140,970 | GNMA, Pool #MA2466, (1 Year CMT Rate + 1.500%), 5.125%, 12/20/44(A) | 143,682 | ||
| Total U.S. Government Mortgage-Backed Obligations | $2,466,178 | |||
| Agency Collateralized Mortgage Obligations — 0.0% | ||||
| 60,361 | FHLMC REMIC, Ser 2770, Class FH, (SOFR30A + 0.514%), 4.107%, 3/15/34(A) | 60,164 | ||
| 4,120 | FHLMC REMIC, Ser 4238, Class TL, 1.250%, 8/15/27 | 4,085 | ||
| 12,165 | FNMA REMIC, Ser 2003-33, Class AM, 4.250%, 5/25/33 | 11,865 | ||
| 606 | FNMA REMIC, Ser 2003-42, Class CA, 4.000%, 5/25/33 | 604 | ||
| 46,020 | FNMA REMIC, Ser 2003-81, Class FE, (SOFR30A + 0.614%), 4.242%, 9/25/33(A) | 45,999 | ||
| Principal Amount | Market Value | |||
| Agency Collateralized Mortgage Obligations — 0.0% (Continued) | ||||
| $ 104,824 | FNMA REMIC, Ser 2009-32, Class BH, 5.250%, 5/25/39 | $ 105,571 | ||
| 1,161 | FNMA REMIC, Ser 2012-102, Class NA, 1.500%, 9/25/27 | 1,149 | ||
| Total Agency Collateralized Mortgage Obligations | $229,437 | |||
| Shares | ||||
| Short-Term Investment Fund — 5.1% | ||||
| 51,258,896 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 51,258,896 | ||
| Total Investment Securities—100.7% (Cost $1,015,440,774) | $1,012,647,645 | |||
| Liabilities in Excess of Other Assets — (0.7%) | (7,366,655) | |||
| Net Assets — 100.0% | $1,005,280,990 | |||
| (A) | Variable rate security - Rate reflected is the rate in effect as of June 30, 2026. |
| (B) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
| (C) | Rate reflects yield at the time of purchase. |
| †† | The issuers and/or sponsors of certain mortgage-backed securities may no longer exist; however, the securities held by the Fund are separate legal entities organized as trusts and publicly traded. The Fund receives principal and interest payments directly from these trusts. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| ARM – Adjustable Rate Mortgage |
| CLO – Collateralized Loan Obligation |
| CMT – Constant Maturity Treasury |
| FHLMC – Federal Home Loan Mortgage Corporation |
| FNMA – Federal National Mortgage Association |
| GNMA – Government National Mortgage Association |
| LLC – Limited Liability Company |
| LOC – Letter of Credit |
| LP – Limited Partnership |
| MTN – Medium Term Note |
| PLC – Public Limited Company |
| REIT – Real Estate Investment Trust |
| REMIC – Real Estate Mortgage Investment Conduit |
| RFUCCT1Y – FTSE USD IBOR Consumer Cash Fallbacks Term One year |
| RFUCCT6M – FTSE USD IBOR Consumer Cash Fallbacks Term Six months |
| SOFR – Secured Overnight Financing Rate |
| SOFR30A – Secured Overnight Financing Rate 30 Day Average |
| TSFR12M – Twelve Month Term Secured Overnight Financing Rate |
| TSFR1M – One Month Term Secured Overnight Financing Rate |
| TSFR3M – Three Month Term Secured Overnight Financing Rate |
| 144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2026, these securities were valued at $655,035,988 or 65.2% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Asset-Backed Securities | $— | $403,688,006 | $— | $403,688,006 |
| Corporate Bonds | — | 269,522,220 | — | 269,522,220 |
| Commercial Mortgage-Backed Securities | — | 178,661,014 | — | 178,661,014 |
| Non-Agency Collateralized Mortgage Obligations | — | 82,825,773 | — | 82,825,773 |
| U.S. Treasury Obligations | — | 15,675,345 | — | 15,675,345 |
| Commercial Paper | — | 4,996,776 | — | 4,996,776 |
| Municipal Bonds | — | 3,324,000 | — | 3,324,000 |
| U.S. Government Mortgage-Backed Obligations | — | 2,466,178 | — | 2,466,178 |
| Agency Collateralized Mortgage Obligations | — | 229,437 | — | 229,437 |
| Short-Term Investment Fund | 51,258,896 | — | — | 51,258,896 |
| Total | $51,258,896 | $961,388,749 | $— | $1,012,647,645 |
| Principal Amount | Market Value | |||
| Corporate Bonds — 22.2% | ||||
| Financials — 6.8% | ||||
| $ 3,910,784 | AT&T Reign II Multi-Property Lease-Backed Pass-Through Trust, 144a, 6.088%, 12/15/44 | $ 3,852,197 | ||
| 2,525,000 | Bank of America Corp., 6.204%, 11/10/28 | 2,578,589 | ||
| 2,000,000 | Fifth Third Bancorp, 5.631%, 1/29/32 | 2,059,225 | ||
| 1,000,000 | Fifth Third Bancorp, 6.339%, 7/27/29 | 1,033,728 | ||
| 773,138 | Fishers Lane Associates LLC, 144a, 3.666%, 8/5/30 | 744,999 | ||
| 940,000 | Fishers Lane Associates LLC, 144a, 5.477%, 8/5/40 | 964,546 | ||
| 2,599,000 | Globe Life, Inc., 4.550%, 9/15/28 | 2,593,803 | ||
| 5,000,000 | JPMorgan Chase & Co., 2.580%, 4/22/32 | 4,508,984 | ||
| 1,500,000 | Metropolitan Life Global Funding I, 144a, 3.050%, 6/17/29 | 1,438,419 | ||
| 2,000,000 | Metropolitan Life Global Funding I, 144a, 4.300%, 8/25/29 | 1,980,428 | ||
| 1,500,000 | Nationwide Mutual Insurance Co., 144a, 4.350%, 4/30/50 | 1,150,798 | ||
| 2,419,000 | Nationwide Mutual Insurance Co., 144a, 9.375%, 8/15/39 | 3,143,465 | ||
| 3,500,000 | PNC Bank NA, 2.700%, 10/22/29 | 3,289,884 | ||
| 1,274,000 | Protective Life Corp., 8.450%, 10/15/39 | 1,556,908 | ||
| 2,610,000 | Reliance Standard Life Global Funding II, 144a, 2.750%, 1/21/27 | 2,581,907 | ||
| 2,802,000 | Teachers Insurance & Annuity Association of America, 144a, 4.900%, 9/15/44 | 2,489,209 | ||
| 2,292,000 | Unum Group, 7.250%, 3/15/28 | 2,374,712 | ||
| 1,100,000 | Unum Group, MTN, 7.190%, 2/1/28 | 1,132,916 | ||
| 1,500,000 | US Bancorp, 5.850%, 10/21/33 | 1,566,017 | ||
| 41,040,734 | ||||
| Utilities — 6.2% | ||||
| 2,292,901 | Atmos Energy Kansas Securitization I LLC, 5.155%, 3/1/33 | 2,307,114 | ||
| 3,250,000 | Avista Corp., 4.350%, 6/1/48 | 2,692,931 | ||
| 1,500,000 | Brazos Securitization LLC, 144a, 5.243%, 9/1/40 | 1,475,919 | ||
| 1,623,000 | California Water Service Co., 5.500%, 12/1/40 | 1,640,978 | ||
| 3,270,000 | Cleco Securitization I LLC, Ser A-2, 4.646%, 9/1/42 | 3,169,682 | ||
| 2,008,000 | Commonwealth Edison Co., 5.900%, 3/15/36 | 2,126,243 | ||
| 2,163,000 | Dominion Energy South Carolina, Inc., 4.600%, 6/15/43 | 1,936,570 | ||
| 2,530,000 | Dominion Energy, Inc., 5.450%, 3/15/35 | 2,571,996 | ||
| 1,900,000 | Duke Energy Florida Project Finance LLC, Ser 2032, 2.858%, 3/1/33 | 1,738,030 | ||
| 2,082,000 | Duke Energy Progress LLC, 6.300%, 4/1/38 | 2,249,563 | ||
| 2,025,483 | Empire District Bondco LLC, Ser A-1, 4.943%, 1/1/33 | 2,031,683 | ||
| 2,192,000 | Essential Utilities, Inc., 4.276%, 5/1/49 | 1,755,790 | ||
| 2,000,000 | Idaho Power Co., MTN, 5.500%, 3/15/53 | 1,943,252 | ||
| 2,340,000 | Kentucky Utilities Co., 5.125%, 11/1/40 | 2,267,846 | ||
| 3,000,000 | Nevada Power Co., 5.450%, 5/15/41 | 2,936,183 | ||
| 2,080,000 | PG&E Wildfire Recovery Funding LLC, Ser A-5, 5.099%, 6/1/52 | 1,921,241 | ||
| 1,424,460 | Southaven Combined Cycle Generation LLC, 3.846%, 8/15/33 | 1,367,035 | ||
| 1,500,000 | Southern Co. Gas Capital Corp., 4.950%, 9/15/34 | 1,483,324 | ||
| 37,615,380 | ||||
| Industrials — 1.8% | ||||
| 657,598 | BNSF Railway Co. Pass-Through Trust, 144a, 3.442%, 6/16/28 | 646,770 | ||
| 1,500,000 | CSX Corp., 6.150%, 5/1/37 | 1,623,391 | ||
| 2,117,702 | FedEx Corp. Pass-Through Trust, 1.875%, 2/20/34 | 1,830,071 | ||
| 1,075,000 | GATX Corp., 1.900%, 6/1/31 | 940,405 | ||
| 3,000,000 | GATX Corp., 5.500%, 6/15/35 | 3,039,977 | ||
| 298,000 | TOTE Maritime Alaska LLC, 6.365%, 4/15/28 | 302,001 | ||
| Principal Amount | Market Value | |||
| Corporate Bonds — 22.2% (Continued) | ||||
| Industrials — 1.8% (Continued) | ||||
| $ 1,932,000 | Tote Shipholdings LLC, 3.400%, 10/16/40 | $ 1,683,176 | ||
| 1,000,000 | Union Pacific Corp., 4.850%, 6/15/44 | 892,216 | ||
| 10,958,007 | ||||
| Consumer Discretionary — 1.6% | ||||
| 2,744,696 | American Airlines Group, Inc. Pass-Through Trust, Ser 2016-3, AA, 3.000%, 10/15/28 | 2,658,108 | ||
| 1,785,000 | PulteGroup, Inc., 7.875%, 6/15/32 | 2,049,983 | ||
| 2,570,000 | Smithsonian Institution, 2.645%, 9/1/39 | 2,012,852 | ||
| 466,967 | United Airlines, Inc. Pass-Through Trust, 2.875%, 10/7/28 | 449,624 | ||
| 2,731,884 | United Airlines, Inc. Pass-Through Trust, Ser 2023-1, A, 5.800%, 1/15/36 | 2,838,564 | ||
| 10,009,131 | ||||
| Real Estate — 1.6% | ||||
| 2,500,000 | American Tower Corp. REIT, 3.125%, 1/15/27 | 2,481,788 | ||
| 2,000,000 | American Tower Corp. REIT, 4.900%, 3/15/30 | 2,010,419 | ||
| 3,000,000 | Crown Castle International Corp. REIT, 4.300%, 2/15/29 | 2,965,614 | ||
| 2,050,000 | SBA Tower Trust REIT, 144a, 1.631%, 11/15/26 | 2,028,781 | ||
| 9,486,602 | ||||
| Communication Services — 1.4% | ||||
| 1,500,000 | AT&T, Inc., 4.850%, 7/15/45 | 1,299,456 | ||
| 1,250,000 | AT&T, Inc., 6.250%, 3/29/41 | 1,298,547 | ||
| 1,075,000 | AT&T, Inc., 6.800%, 5/15/36 | 1,155,014 | ||
| 1,445,000 | Crown Castle Towers LLC, 144a, 4.241%, 7/15/28 | 1,430,978 | ||
| 4,000,000 | T-Mobile USA, Inc., 4.375%, 4/15/40 | 3,535,560 | ||
| 8,719,555 | ||||
| Health Care — 1.4% | ||||
| 3,500,000 | Banner Health, 2.480%, 1/1/32 | 3,069,347 | ||
| 931,100 | CVS Pass Through Trust, Ser 2013, 144a, 4.704%, 1/10/36 | 868,866 | ||
| 980,995 | CVS Pass-Through Trust, 6.036%, 12/10/28 | 984,310 | ||
| 3,955,000 | Piedmont Healthcare, Inc., 2.044%, 1/1/32 | 3,432,886 | ||
| 8,355,409 | ||||
| Consumer Staples — 1.1% | ||||
| 3,345,000 | Kroger Co. (The), Ser B, 7.700%, 6/1/29 | 3,610,197 | ||
| 1,600,000 | United Rentals North America, Inc., 4.875%, 1/15/28 | 1,594,388 | ||
| 1,300,000 | United Rentals North America, Inc., 144a, 6.000%, 12/15/29 | 1,321,261 | ||
| 6,525,846 | ||||
| Energy — 0.3% | ||||
| 1,405,000 | Texas Eastern Transmission LP, 7.000%, 7/15/32 | 1,547,245 | ||
| Total Corporate Bonds | $134,257,909 | |||
| U.S. Government Agency Obligations — 21.4% | ||||
| 15,988 | Small Business Administration Participation Certificates, Ser 2006-20H, Class 1, 5.700%, 8/1/26 | 15,993 | ||
| 5,127 | Small Business Administration Participation Certificates, Ser 2006-20K, Class 1, 5.360%, 11/1/26 | 5,137 | ||
| 10,147 | Small Business Administration Participation Certificates, Ser 2006-20L, Class 1, 5.120%, 12/1/26 | 10,134 | ||
| 19,527 | Small Business Administration Participation Certificates, Ser 2007-20A, Class 1, 5.320%, 1/1/27 | 19,558 | ||
| 34,596 | Small Business Administration Participation Certificates, Ser 2007-20E, Class 1, 5.310%, 5/1/27 | 34,590 | ||
| 66,727 | Small Business Administration Participation Certificates, Ser 2007-20F, Class 1, 5.710%, 6/1/27 | 67,019 | ||
| Principal Amount | Market Value | |||
| U.S. Government Agency Obligations — 21.4% (Continued) | ||||
| $ 77,033 | Small Business Administration Participation Certificates, Ser 2007-20L, Class 1, 5.290%, 12/1/27 | $ 77,075 | ||
| 45,692 | Small Business Administration Participation Certificates, Ser 2008-20A, Class 1, 5.170%, 1/1/28 | 45,788 | ||
| 56,950 | Small Business Administration Participation Certificates, Ser 2008-20K, Class 1, 6.770%, 11/1/28 | 57,718 | ||
| 131,814 | Small Business Administration Participation Certificates, Ser 2009-20C, Class 1, 4.660%, 3/1/29 | 131,080 | ||
| 62,160 | Small Business Administration Participation Certificates, Ser 2009-20D, Class 1, 4.310%, 4/1/29 | 61,484 | ||
| 140,784 | Small Business Administration Participation Certificates, Ser 2009-20E, Class 1, 4.430%, 5/1/29 | 140,038 | ||
| 61,271 | Small Business Administration Participation Certificates, Ser 2009-20F, Class 1, 4.950%, 6/1/29 | 61,244 | ||
| 179,714 | Small Business Administration Participation Certificates, Ser 2009-20J, Class 1, 3.920%, 10/1/29 | 178,088 | ||
| 312,515 | Small Business Administration Participation Certificates, Ser 2010-20F, Class 1, 3.880%, 6/1/30 | 307,310 | ||
| 739,694 | Small Business Administration Participation Certificates, Ser 2010-20I, Class 1, 3.210%, 9/1/30 | 718,860 | ||
| 2,136,641 | Small Business Administration Participation Certificates, Ser 2013-20C, Class 1, 2.220%, 3/1/33 | 1,994,802 | ||
| 2,233,170 | Small Business Administration Participation Certificates, Ser 2013-20E, Class 1, 2.070%, 5/1/33 | 2,073,709 | ||
| 908,084 | Small Business Administration Participation Certificates, Ser 2013-20G, Class 1, 3.150%, 7/1/33 | 862,021 | ||
| 1,102,319 | Small Business Administration Participation Certificates, Ser 2014-20H, Class 1, 2.880%, 8/1/34 | 1,036,353 | ||
| 1,801,143 | Small Business Administration Participation Certificates, Ser 2014-20K, Class 1, 2.800%, 11/1/34 | 1,688,601 | ||
| 998,854 | Small Business Administration Participation Certificates, Ser 2015-20I, Class 1, 2.820%, 9/1/35 | 935,820 | ||
| 1,950,730 | Small Business Administration Participation Certificates, Ser 2016-20A, Class 1, 2.780%, 1/1/36 | 1,818,055 | ||
| 1,726,650 | Small Business Administration Participation Certificates, Ser 2016-20B, Class 1, 2.270%, 2/1/36 | 1,585,770 | ||
| 1,682,485 | Small Business Administration Participation Certificates, Ser 2016-20E, Class 1, 2.270%, 5/1/36 | 1,538,704 | ||
| 1,796,376 | Small Business Administration Participation Certificates, Ser 2016-20F, Class 1, 2.180%, 6/1/36 | 1,621,817 | ||
| 2,953,660 | Small Business Administration Participation Certificates, Ser 2016-20L, Class 1, 2.810%, 12/1/36 | 2,750,804 | ||
| 538,474 | Small Business Administration Participation Certificates, Ser 2017-10A, Class 1, 2.845%, 3/10/27 | 532,783 | ||
| 426,545 | Small Business Administration Participation Certificates, Ser 2017-10B, Class 1, 2.518%, 9/10/27 | 416,793 | ||
| 2,188,218 | Small Business Administration Participation Certificates, Ser 2017-20E, Class 1, 2.880%, 5/1/37 | 2,032,823 | ||
| 2,178,448 | Small Business Administration Participation Certificates, Ser 2017-20F, Class 1, 2.810%, 6/1/37 | 2,014,851 | ||
| 2,736,061 | Small Business Administration Participation Certificates, Ser 2017-20K, Class 1, 2.790%, 11/1/37 | 2,524,726 | ||
| 1,232,017 | Small Business Administration Participation Certificates, Ser 2017-20L, Class 1, 2.780%, 12/1/37 | 1,134,656 | ||
| Principal Amount | Market Value | |||
| U.S. Government Agency Obligations — 21.4% (Continued) | ||||
| $ 2,913,180 | Small Business Administration Participation Certificates, Ser 2018-20A, Class 1, 2.920%, 1/1/38 | $ 2,704,791 | ||
| 3,262,603 | Small Business Administration Participation Certificates, Ser 2018-20C, Class 1, 3.200%, 3/1/38 | 3,073,785 | ||
| 2,223,558 | Small Business Administration Participation Certificates, Ser 2018-20K, Class 1, 3.870%, 11/1/38 | 2,138,298 | ||
| 1,326,395 | Small Business Administration Participation Certificates, Ser 2018-25D, Class 1, 3.890%, 10/1/43 | 1,232,760 | ||
| 1,507,702 | Small Business Administration Participation Certificates, Ser 2019-20A, Class 1, 3.370%, 1/1/39 | 1,425,799 | ||
| 2,246,960 | Small Business Administration Participation Certificates, Ser 2019-25B, Class 1, 3.450%, 2/1/44 | 2,066,775 | ||
| 1,806,560 | Small Business Administration Participation Certificates, Ser 2019-25E, Class 1, 3.070%, 5/1/44 | 1,627,357 | ||
| 2,818,738 | Small Business Administration Participation Certificates, Ser 2020-25I, Class 1, 1.150%, 9/1/45 | 2,299,808 | ||
| 4,482,867 | Small Business Administration Participation Certificates, Ser 2021-25L, Class 1, 1.850%, 12/1/46 | 3,721,518 | ||
| 2,794,817 | Small Business Administration Participation Certificates, Ser 2022-25C, Class 1, 2.750%, 3/1/47 | 2,451,590 | ||
| 1,881,468 | Small Business Administration Participation Certificates, Ser 2022-25D, Class 1, 3.500%, 4/1/47 | 1,717,029 | ||
| 2,720,631 | Small Business Administration Participation Certificates, Ser 2022-25G, Class 1, 3.930%, 7/1/47 | 2,575,179 | ||
| 3,377,503 | Small Business Administration Participation Certificates, Ser 2022-25H, Class 1, 3.800%, 8/1/47 | 3,191,256 | ||
| 8,020,492 | Small Business Administration Participation Certificates, Ser 2022-25I, Class 1, 4.260%, 9/1/47 | 7,736,066 | ||
| 3,771,965 | Small Business Administration Participation Certificates, Ser 2023-10A, Class 1, 5.168%, 3/10/33 | 3,820,309 | ||
| 2,448,739 | Small Business Administration Participation Certificates, Ser 2023-20E, Class 1, 4.600%, 5/1/43 | 2,400,365 | ||
| 2,044,640 | Small Business Administration Participation Certificates, Ser 2023-25C, Class 1, 4.930%, 3/1/48 | 2,051,046 | ||
| 5,019,848 | Small Business Administration Participation Certificates, Ser 2023-25F, Class 1, 4.930%, 6/1/48 | 5,028,286 | ||
| 2,400,022 | Small Business Administration Participation Certificates, Ser 2024-10A, Class 1, 5.035%, 3/10/34 | 2,423,350 | ||
| 5,105,117 | Small Business Administration Participation Certificates, Ser 2024-10B, Class 1, 4.380%, 9/10/34 | 5,039,211 | ||
| 5,324,709 | Small Business Administration Participation Certificates, Ser 2024-25A, Class 1, 5.050%, 1/1/49 | 5,385,593 | ||
| 5,024,860 | Small Business Administration Participation Certificates, Ser 2024-25B, Class 1, 5.070%, 2/1/49 | 5,087,737 | ||
| 5,426,735 | Small Business Administration Participation Certificates, Ser 2024-25I, Class 1, 4.450%, 9/1/49 | 5,320,778 | ||
| 7,567,986 | Small Business Administration Participation Certificates, Ser 2024-25K, Class 1, 5.010%, 11/1/49 | 7,592,849 | ||
| 4,084,874 | Small Business Administration Participation Certificates, Ser 2024-25L, Class 1, 4.820%, 12/1/49 | 4,082,159 | ||
| 4,755,614 | Small Business Administration Participation Certificates, Ser 2025-25C, Class 1, 4.970%, 3/1/50 | 4,736,021 | ||
| 2,694,358 | Small Business Administration Participation Certificates, Ser 2025-25H, Class 1, 4.960%, 8/1/50 | 2,710,408 | ||
| Principal Amount | Market Value | |||
| U.S. Government Agency Obligations — 21.4% (Continued) | ||||
| $ 5,700,000 | Small Business Administration Participation Certificates, Ser 2026-25F, Class 1, 4.980%, 6/1/51 | $ 5,773,547 | ||
| 1,896,544 | United States International Development Finance Corp., 1.870%, 11/20/37 | 1,590,578 | ||
| Total U.S. Government Agency Obligations | $129,498,452 | |||
| U.S. Treasury Obligations — 16.3% | ||||
| 20,775,000 | U.S. Treasury Bond, 1.875%, 2/15/51 | 11,607,220 | ||
| 12,500,000 | U.S. Treasury Bond, 2.250%, 8/15/46 | 8,191,406 | ||
| 6,140,000 | U.S. Treasury Bond, 2.875%, 5/15/52 | 4,268,259 | ||
| 10,000,000 | U.S. Treasury Note, 1.125%, 2/15/31 | 8,732,813 | ||
| 30,975,000 | U.S. Treasury Note, 3.500%, 2/15/33 | 29,588,385 | ||
| 4,000,000 | U.S. Treasury Note, 3.875%, 9/30/29 | 3,965,781 | ||
| 7,810,000 | U.S. Treasury Note, 4.250%, 11/15/34 | 7,745,629 | ||
| 21,540,000 | U.S. Treasury Strip, Principal, 5/15/43(A) | 9,399,081 | ||
| 19,894,000 | U.S. Treasury Strip, Principal, 5/15/45(A) | 7,771,413 | ||
| 26,500,000 | U.S. Treasury Strip, Principal, 2/15/51(A) | 7,690,792 | ||
| Total U.S. Treasury Obligations | $98,960,779 | |||
| Agency Collateralized Mortgage Obligations — 11.0% | ||||
| 1,953,925 | Fannie Mae-Aces, Ser 2017-M15, Class ATS2, 3.218%, 11/25/27(B)(C) | 1,930,144 | ||
| 68,020 | FHLMC Multifamily Structured Pass Through Certificates, Ser KW03, Class A1, 2.617%, 12/25/26 | 67,756 | ||
| 4,053,218 | Freddie Mac Multiclass Certificates Series, Ser 2024-P015, Class A, 4.439%, 1/25/33(B)(C) | 3,946,576 | ||
| 2,450,000 | FREMF Mortgage Trust, Ser 2017-K61, Class B, 144a, 3.822%, 12/25/49(B)(C) | 2,433,141 | ||
| 1,200,000 | FREMF Mortgage Trust, Ser 2018-K74, Class B, 144a, 4.230%, 2/25/51(B)(C) | 1,177,413 | ||
| 488,664 | FRESB Mortgage Trust, Ser 2015-SB9, Class A5, (SOFR30A + 0.814%), 4.406%, 11/25/35(B) | 485,963 | ||
| 125,555 | FRESB Mortgage Trust, Ser 2017-SB27, Class A10F, 3.090%, 1/25/27(B)(C) | 124,491 | ||
| 1,644,705 | FRESB Mortgage Trust, Ser 2018-SB46, Class A10F, 3.300%, 12/25/27(B)(C) | 1,607,570 | ||
| 2,043,539 | FRESB Mortgage Trust, Ser 2018-SB54, Class A10F, 3.520%, 5/25/28(B)(C) | 2,019,565 | ||
| 2,254,619 | FRESB Mortgage Trust, Ser 2018-SB55, Class A10F, 3.770%, 9/25/28(B)(C) | 2,218,974 | ||
| 147,964 | GNMA, Pool #785631, 4.587%, 5/20/67(B)(C) | 146,460 | ||
| 446,242 | GNMA, Ser 2013-121, Class AB, 3.021%, 8/16/44(B)(C) | 424,245 | ||
| 14,787 | GNMA, Ser 2013-59, Class A, 1.750%, 7/16/45 | 13,944 | ||
| 2,540,000 | GNMA, Ser 2015-32, Class HG, 3.000%, 9/16/49(B)(C) | 2,109,431 | ||
| 333,742 | GNMA, Ser 2015-37, Class AD, 2.600%, 11/16/55 | 315,313 | ||
| 629,621 | GNMA, Ser 2015-73, Class B, 2.700%, 10/16/55(B)(C) | 589,540 | ||
| 657,974 | GNMA, Ser 2017-46, Class AB, 2.600%, 1/16/52 | 563,283 | ||
| 260,747 | GNMA, Ser 2017-H11, Class FV, (TSFR1M + 0.614%), 4.261%, 5/20/67(B) | 260,475 | ||
| 228,334 | GNMA, Ser 2019-H15, Class GA, 2.250%, 8/20/69 | 222,448 | ||
| 3,597,985 | GNMA, Ser 2020-113, Class AF, 2.000%, 10/16/62 | 2,468,093 | ||
| 4,709,737 | GNMA, Ser 2020-118, Class AB, 2.250%, 4/16/62 | 3,784,677 | ||
| 2,102,032 | GNMA, Ser 2021-21, Class AF, 1.750%, 6/16/63 | 1,477,411 | ||
| 3,419,667 | GNMA, Ser 2021-22, Class AD, 1.350%, 10/16/62 | 2,530,782 | ||
| 3,063,377 | GNMA, Ser 2025-126, Class BA, 5.548%, 5/16/67(B)(C) | 3,158,544 | ||
| 5,953,823 | GNMA, Ser 2025-142, Class BA, 5.350%, 3/16/67(B)(C) | 6,098,330 | ||
| 6,956,812 | GNMA, Ser 2025-145, Class AK, 5.594%, 5/16/67(B)(C) | 7,231,719 | ||
| 5,966,260 | GNMA, Ser 2025-153, Class AK, 5.740%, 8/16/67(B)(C) | 6,202,908 | ||
| 6,797,394 | GNMA, Ser 2025-162, Class BA, 5.433%, 2/16/68(B)(C) | 6,992,255 | ||
| 5,845,202 | GNMA, Ser 2025-185, Class AM, 5.310%, 10/16/67(B)(C) | 6,025,403 | ||
| Total Agency Collateralized Mortgage Obligations | $66,626,854 | |||
| Principal Amount | Market Value | |||
| U.S. Government Mortgage-Backed Obligations — 10.4% | ||||
| $ 3,358,000 | FHLMC, Pool #WN2314, 4.650%, 1/1/33 | $ 3,336,924 | ||
| 4,885,674 | FHLMC REMIC, Pool #RA8086, 5.000%, 10/1/52 | 4,854,813 | ||
| 4,456,113 | FHLMC REMIC, Pool #SD7152, 6.000%, 11/1/54 | 4,598,041 | ||
| 1,995,891 | FHLMC REMIC, Pool #WN2381, 4.450%, 4/1/30 | 1,988,532 | ||
| 3,000,000 | FHLMC REMIC, Pool #WN2615, 4.150%, 6/1/31 | 2,950,071 | ||
| 408,550 | FNMA, Pool #888829, 5.926%, 6/1/37(B)(C) | 407,479 | ||
| 325,901 | FNMA, Pool #AH8854, 4.500%, 4/1/41 | 323,032 | ||
| 3,953,939 | FNMA, Pool #AM9682, 3.810%, 8/1/45 | 3,438,647 | ||
| 3,000,000 | FNMA, Pool #AN2418, 2.120%, 9/1/26 | 2,983,538 | ||
| 1,135,711 | FNMA, Pool #AN6828, 3.060%, 9/1/32 | 1,091,757 | ||
| 3,000,000 | FNMA, Pool #AN8089, 3.330%, 1/1/38 | 2,618,421 | ||
| 66,491 | FNMA, Pool #AT0924, 2.000%, 3/1/28 | 65,000 | ||
| 3,860,363 | FNMA, Pool #BL3622, 2.600%, 8/1/26 | 3,846,214 | ||
| 3,333,592 | FNMA, Pool #BS5630, 3.790%, 11/1/32 | 3,192,125 | ||
| 6,163,975 | FNMA, Pool #FS1887, 3.000%, 5/1/47 | 5,447,351 | ||
| 2,114,306 | FNMA, Pool #FS7798, 6.000%, 6/1/54 | 2,183,293 | ||
| 2,940,844 | FNMA, Pool #MA4269, 2.500%, 2/1/41 | 2,632,617 | ||
| 3,709,960 | FNMA, Pool #MA4709, 5.000%, 7/1/52 | 3,681,146 | ||
| 3,187,258 | FNMA, Pool #MA5073, 6.000%, 7/1/53 | 3,266,053 | ||
| 5,122,475 | GNMA, Pool #MA8795, 2.500%, 4/20/53 | 4,398,623 | ||
| 3,921,096 | GNMA, Pool #MA9171, 5.500%, 9/20/53 | 3,964,338 | ||
| 2,175,279 | GNMA, Pool #MA9418, 3.000%, 1/20/54 | 1,946,134 | ||
| Total U.S. Government Mortgage-Backed Obligations | $63,214,149 | |||
| Asset-Backed Securities — 7.6% | ||||
| 1,455,392 | 321 Henderson Receivables I LLC, Ser 2012-1A, Class A, 144a, 4.210%, 2/16/65 | 1,380,717 | ||
| 737,911 | 321 Henderson Receivables I LLC, Ser 2012-2A, Class A, 144a, 3.840%, 10/15/59 | 681,382 | ||
| 2,326,806 | 321 Henderson Receivables I LLC, Ser 2015-2A, Class A, 144a, 3.870%, 3/15/58 | 2,130,947 | ||
| 2,240,627 | CF Hippolyta Issuer LLC, Ser 2021-1A, Class A1, 144a, 1.530%, 3/15/61 | 1,764,295 | ||
| 3,000,000 | Compass Datacenters Issuer II LLC, Ser 2025-2A, Class A1, 144a, 4.926%, 11/25/50 | 2,937,294 | ||
| 2,600,816 | JG Wentworth XLII LLC, Ser 2018-2A, Class A, 144a, 3.960%, 10/15/75 | 2,400,740 | ||
| 1,117,071 | JGWPT XXVII LLC, Ser 2012-3A, Class A, 144a, 3.220%, 9/15/65 | 1,008,171 | ||
| 1,252,139 | JGWPT XXXI LLC, Ser 2014-1A, Class A, 144a, 3.960%, 3/15/63 | 1,169,639 | ||
| 886,149 | JGWPT XXXIV LLC, Ser 2015-1A, Class A, 144a, 3.260%, 9/15/72 | 778,830 | ||
| 4,445,000 | Louisiana Local Government Environmental Fac. & Community Development Auth, Revenue, Ser 2022-ELL, Class A2, 4.145%, 2/1/33 | 4,390,487 | ||
| 3,500,000 | Neuberger Berman Loan Advisers CLO 42 Ltd. (Cayman Islands), Ser 2021-42A, Class AR, 144a, (TSFR3M + 0.950%), 4.630%, 7/16/36(B) | 3,500,623 | ||
| 591,718 | Oklahoma Development Finance Auth., Revenue, Ser 2022-ONG, Class A1, 3.877%, 5/1/37 | 580,433 | ||
| 320,000 | Progress Residential Trust, Ser 2025-SFR4, Class B, 144a, 4.700%, 8/17/42 | 311,547 | ||
| 3,030,000 | QTS Issuer ABS I LLC, Ser 2025-1A, Class A2, 144a, 5.439%, 5/25/55 | 3,005,977 | ||
| 3,635,992 | Small Business Administration Participation Certificates, Ser 2021-10B, Class 1, 1.304%, 9/10/31 | 3,307,597 | ||
| 4,072,414 | Small Business Administration Participation Certificates, Ser 2021-25I, Class 1, 1.560%, 9/1/46 | 3,345,444 | ||
| 2,370,846 | Small Business Administration Participation Certificates, Ser 2023-10B, Class 1, 5.688%, 9/10/33 | 2,453,958 | ||
| Principal Amount | Market Value | |||
| Asset-Backed Securities — 7.6% (Continued) | ||||
| $ 3,300,055 | Small Business Administration Participation Certificates, Ser 2023-25G, Class 1, 5.180%, 7/1/48 | $ 3,360,344 | ||
| 2,872,875 | Small Business Administration Participation Certificates, Ser 2023-25H, Class 1, 5.150%, 8/1/48 | 2,923,258 | ||
| 424,110 | Sunnova Hestia I Issuer LLC, Ser 2023-GRID1, Class 1A, 144a, 5.750%, 12/20/50 | 412,627 | ||
| 2,489,752 | Sunnova Hestia II Issuer LLC, Ser 2024-GRID1, Class 1A, 144a, 5.630%, 7/20/51 | 2,393,642 | ||
| 1,681,000 | Switch ABS Issuer LLC, Ser 2025-1A, Class A2, 144a, 5.036%, 3/25/55 | 1,638,803 | ||
| Total Asset-Backed Securities | $45,876,755 | |||
| Commercial Mortgage-Backed Securities — 5.6% | ||||
| 2,900,000 | BANK5, Ser 2025-5YR17, Class A3, 5.225%, 11/15/58 | 2,935,265 | ||
| 2,978,395 | BBCMS Mortgage Trust, Ser 2024-5C27, Class A2, 5.550%, 7/15/57 | 3,018,553 | ||
| 3,000,000 | Benchmark Mortgage Trust, Ser 2026-V21, Class A3, 5.127%, 3/15/59 | 3,024,910 | ||
| 3,000,000 | BMO Mortgage Trust, Ser 2024-5C7, Class A2, 5.092%, 11/15/57 | 3,015,566 | ||
| 780,000 | BX Trust, Ser 2025-VLT7, Class A, 144a, (TSFR1M + 1.700%), 5.325%, 7/15/44(B) | 780,000 | ||
| 380,000 | BX Trust, Ser 2025-VLT7, Class B, 144a, (TSFR1M + 2.000%), 5.625%, 7/15/44(B) | 380,000 | ||
| 13,448 | CD Mortgage Trust, Ser 2006-CD3, Class AJ, 5.688%, 10/15/48 | 12,618 | ||
| 2,850,000 | CHI Commercial Mortgage Trust, Ser 2025-SFT, Class A, 144a, 5.665%, 4/15/42(B)(C) | 2,879,039 | ||
| 2,985,000 | Citigroup Commercial Mortgage Trust, Ser 2020-555, Class A, 144a, 2.647%, 12/10/41 | 2,696,864 | ||
| 1,800,000 | DOLP Trust, Ser 2021-NYC, Class A, 144a, 2.956%, 5/10/41 | 1,604,444 | ||
| 1,450,000 | FREMF Mortgage Trust, Ser 2017-K65, Class B, 144a, 4.226%, 7/25/50(B)(C) | 1,438,958 | ||
| 2,779,000 | FREMF Mortgage Trust, Ser 2017-K66, Class B, 144a, 4.170%, 7/25/27(B)(C) | 2,753,539 | ||
| 3,100,000 | FREMF Mortgage Trust, Ser 2017-K69, Class B, 144a, 3.853%, 10/25/49(B)(C) | 3,054,234 | ||
| 2,303,164 | Logistics 1 MI TN VA Senior Notes CTL Pass-Through Trust, 144a, 2.654%, 10/10/42 | 1,835,898 | ||
| 2,550,000 | MKT Mortgage Trust, Ser 2020-525M, Class A, 144a, 2.694%, 2/12/40 | 2,294,913 | ||
| 2,185,000 | SLG Office Trust, Ser 2021-OVA, Class A, 144a, 2.585%, 7/15/41 | 1,947,572 | ||
| Total Commercial Mortgage-Backed Securities | $33,672,373 | |||
| Municipal Bonds — 4.4% | ||||
| California — 1.5% | ||||
| 1,000,000 | California Health Facilities Financing Authority, 2.704%, 6/1/30 | 935,044 | ||
| 2,000,000 | California Health Facilities Financing Authority, 2.229%, 6/1/32 | 1,748,350 | ||
| 875,000 | California Health Facilities Financing Authority, 4.140%, 6/1/34 | 835,627 | ||
| 1,510,000 | California Municipal Finance Authority, Revenue, 2.519%, 10/1/35 | 1,134,815 | ||
| 1,465,000 | City of San Francisco Public Utilities Commission Water Revenue, Build America Bonds, 6.950%, 11/1/50 | 1,612,617 | ||
| 2,675,000 | State of California, Build America Bonds, UTGO, 7.300%, 10/1/39 | 3,052,476 | ||
| 9,318,929 | ||||
| Texas — 0.9% | ||||
| 1,770,000 | Dallas Area Rapid Transit, Revenue, Build America Bonds, 5.999%, 12/1/44 | 1,817,499 | ||
| Principal Amount | Market Value | |||
| Municipal Bonds — 4.4% (Continued) | ||||
| Texas — (Continued) | ||||
| $ 2,640,000 | Texas Department of Transportation State Highway Fund, Build America Bonds, Revenue, 5.178%, 4/1/30 | $ 2,693,332 | ||
| 1,270,608 | Travis County Housing Finance Corp, Revenue, 2.550%, 7/1/42 | 846,137 | ||
| 5,356,968 | ||||
| Oklahoma — 0.5% | ||||
| 3,000,000 | Oklahoma Development Finance Auth., Revenue, 5.087%, 2/1/52 | 2,882,700 | ||
| Virginia — 0.4% | ||||
| 806,121 | Virginia Housing Development Authority, 2.950%, 10/25/49 | 709,447 | ||
| 2,117,767 | Virginia Housing Development Authority, 2.125%, 7/25/51 | 1,699,481 | ||
| 2,408,928 | ||||
| New York — 0.4% | ||||
| 1,135,000 | Port Authority of New York & New Jersey, 4.960%, 8/1/46 | 1,083,604 | ||
| 1,400,000 | Port Authority of New York and New Jersey, Cons One Hundred Sixty-Eight, 4.926%, 10/1/51 | 1,307,250 | ||
| 2,390,854 | ||||
| Minnesota — 0.4% | ||||
| 2,811,935 | Minnesota Housing Finance Agency, Revenue, 1.580%, 2/1/51 | 2,133,613 | ||
| Nevada — 0.2% | ||||
| 1,328,094 | Nevada Housing Division, Revenue, 1.900%, 11/1/44 | 1,081,101 | ||
| Ohio — 0.1% | ||||
| 1,058,000 | Ohio State HFA, Revenue, 2.650%, 11/1/41 | 920,630 | ||
| Louisiana — 0.0% | ||||
| 235,300 | Louisiana Housing Corp., 2.875%, 11/1/38 | 203,016 | ||
| Total Municipal Bonds | $26,696,739 | |||
| Non-Agency Collateralized Mortgage Obligations — 0.0% | ||||
| 318,240 | Virginia Housing Development Auth., Revenue, Ser 2013-B, Class A, 2.750%, 4/25/42 | 278,940 | ||
| Shares | ||||
| Short-Term Investment Fund — 1.4% | ||||
| 8,545,522 | Dreyfus Government Cash Management, Institutional Shares, 3.54%∞Ω | 8,545,522 | ||
| Total Investment Securities—100.3% (Cost $639,530,917) | $607,628,472 | |||
| Liabilities in Excess of Other Assets — (0.3%) | (2,047,942) | |||
| Net Assets — 100.0% | $605,580,530 | |||
| (A) | Strip Security- Separate trading of Registered Interest and Principal. Holders of a principal strip security are entitled to the portion of the payment representing principal only. |
| (B) | Variable rate security - Rate reflected is the rate in effect as of June 30, 2026. |
| (C) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
| ∞ | Open-End Fund. |
| Ω | Represents the 7-Day SEC yield as of June 30, 2026. |
| Portfolio Abbreviations: |
| ABS – Asset-Backed Security |
| CLO – Collateralized Loan Obligation |
| FHLMC – Federal Home Loan Mortgage Corporation |
| FNMA – Federal National Mortgage Association |
| FREMF – Freddie Mac Multifamily Securitization |
| FRESB – Freddie Mac Multifamily Securitization Small Balance Loan |
| GNMA – Government National Mortgage Association |
| HFA – Housing Finance Authority/Agency |
| LLC – Limited Liability Company |
| LP – Limited Partnership |
| MTN – Medium Term Note |
| REIT – Real Estate Investment Trust |
| REMIC – Real Estate Mortgage Investment Conduit |
| SOFR30A – Secured Overnight Financing Rate 30 Day Average |
| TSFR1M – One Month Term Secured Overnight Financing Rate |
| TSFR3M – Three Month Term Secured Overnight Financing Rate |
| UTGO – Unlimited Tax General Obligation |
| 144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2026, these securities were valued at $76,909,792 or 12.7% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
| Valuation Inputs at Reporting Date: | ||||
| Description | Level 1 | Level 2 | Level 3 | Total |
| Corporate Bonds | $— | $134,257,909 | $— | $134,257,909 |
| U.S. Government Agency Obligations | — | 129,498,452 | — | 129,498,452 |
| U.S. Treasury Obligations | — | 98,960,779 | — | 98,960,779 |
| Agency Collateralized Mortgage Obligations | — | 66,626,854 | — | 66,626,854 |
| U.S. Government Mortgage-Backed Obligations | — | 63,214,149 | — | 63,214,149 |
| Asset-Backed Securities | — | 45,876,755 | — | 45,876,755 |
| Commercial Mortgage-Backed Securities | — | 33,672,373 | — | 33,672,373 |
| Municipal Bonds | — | 26,696,739 | — | 26,696,739 |
| Non-Agency Collateralized Mortgage Obligations | — | 278,940 | — | 278,940 |
| Short-Term Investment Fund | 8,545,522 | — | — | 8,545,522 |
| Total | $8,545,522 | $599,082,950 | $— | $607,628,472 |