	Shares		Value (Note 2)
COMMON STOCKS (0.00%)^(a)
Great Britain (0.00%)^(a)
Evraz PLC^(b)(c)(d)(e)		91,946	$	1,239

TOTAL COMMON STOCKS
(Cost $708,596)				1,239

EXCHANGE TRADED FUNDS (37.43%)
United States (37.43%)
ALPS \| CoreCommodity Natural Resources ETF^(f)		9,639,725		367,047,953

TOTAL EXCHANGE TRADED FUNDS
(Cost $214,990,598)				367,047,953

Description	Principal Amount		Value (Note 2)
GOVERNMENT BONDS (51.18%)
U.S. Treasury Bonds (51.18%)
United States Treasury Bill^(g)
3.530%, 8/27/2026^(h)	$	130,600,000		130,286,560
3.610%, 9/17/2026^(h)		48,300,000		48,079,625
3.585%, 10/1/2026^(h)		2,700,000		2,683,766
3.583%, 10/15/2026^(h)		175,200,000		173,893,614
3.740%, 10/20/2026^(h)		22,000,000		21,825,143
3.705%, 12/17/2026		18,550,000		18,287,208
3.780%, 12/31/2026^(h)		70,000,000		68,887,656
3.740%, 1/7/2027^(h)		18,550,000		18,244,918
3.890%, 1/21/2027		20,000,000		19,638,629
				501,827,119
TOTAL GOVERNMENT BONDS
(Cost $501,765,577)				501,827,119

	7-Day Yield			Shares		Value (Note 2)
SHORT TERM INVESTMENTS (7.49%)
Money Market Fund (7.49%)
BlackRock Liquidity Funds Treasury Trust Fund Portfolio		3.585	%		73,482,135		73,482,135
							73,482,135

TOTAL SHORT TERM INVESTMENTS
(Cost $73,482,135)							73,482,135

TOTAL INVESTMENTS (96.10%)
(Cost $790,946,906)						$	942,358,446

Other Assets In Excess Of Liabilities (3.90%)							38,153,853

NET ASSETS (100.00%)						$	980,512,299

^(a)	Less than 0.005%
^(b)	As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as level 3 assets. See also Note 2 to the Notes to Quarterly Statement of Investments for additional information.
^(c)	Non-income producing security.
^(d)	Fair valued security; valued by the Valuation Designee in accordance with the procedures utilized by the valuation designee. As of July 31, 2026, these securities had a total value of $1,239 or less than 0.005% of the Fund's net assets.
^(e)	Security deemed to be illiquid under the procedures utilized by the Valuation Designee. As of July 31, 2026, the fair value of illiquid securities in the aggregate was $1,239, representing less than 0.005% of the Fund's net assets.
^(f)	Affiliated Company. See Note 4 in Notes to Quarterly Statement of Investments. Financials for the affiliated company can be found at www.sec.gov.
^(g)	Rate shown represents the bond equivalent yield to maturity at date of purchase.
^(h)	Security, or portion of security, is being held as collateral for total return swap contracts and futures contracts aggregating a total market value of $74,624,896.

For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/ or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease. Industries are shown as a percent of net assets.

	Shares		Value (Note 2)
COMMON STOCKS (100.04%)
Communication Services (7.32%)
Diversified Telecommunication Services (2.41%)
Indus Towers, Ltd.		1,357,591	$	5,566,705

Wireless Telecommunication Services (4.91%)
Bharti Airtel, Ltd.		547,384		11,308,585

Total Communication Services				16,875,290

Consumer Discretionary (13.78%)
Automobile Components (2.86%)
UNO Minda, Ltd.		534,066		6,605,544

Automobiles (2.92%)
Mahindra & Mahindra, Ltd.		189,022		6,730,626

Broadline Retail (2.82%)
Vishal Mega Mart, Ltd.^(a)		5,788,640		6,497,449

Hotels, Restaurants & Leisure (3.64%)
Eternal, Ltd.^(a)		2,651,758		8,403,785

Specialty Retail (1.54%)
Lenskart Solutions, Ltd.^(a)		601,928		3,541,047

Total Consumer Discretionary				31,778,451

Consumer Staples (4.44%)
Food Products (2.12%)
Britannia Industries, Ltd.		86,297		4,897,422

Personal Care Products (2.32%)
Godrej Consumer Products, Ltd.		475,510		5,333,240

Total Consumer Staples				10,230,662

Energy (6.19%)
Oil, Gas & Consumable Fuels (6.19%)
Reliance Industries, Ltd.		1,042,036		14,266,990

Total Energy				14,266,990

Financials (34.66%)
Banks (14.70%)
AU Small Finance Bank, Ltd.^(b)(c)		544,296		5,973,711
Axis Bank, Ltd.		535,255		6,892,654
ICICI Bank, Ltd., Sponsored ADR		702,445		21,066,325
				33,932,690
Capital Markets (6.55%)
360 ONE WAM, Ltd.		590,644		7,018,246
BSE, Ltd.		99,866		3,814,468

	Shares		Value (Note 2)
Capital Markets (continued)
HDFC Asset Management Co., Ltd.^(b)(c)		155,622	$	4,263,589
				15,096,303

Consumer Finance (11.57%)
Bajaj Finance, Ltd.		945,530		11,303,156
Cholamandalam Investment and Finance Co., Ltd.		309,004		5,988,115
Poonawalla Fincorp, Ltd.^(a)		1,409,402		6,845,321
Shriram Finance, Ltd.		232,078		2,543,608
				26,680,200

Insurance (1.84%)
Max Financial Services, Ltd.^(a)		270,614		4,249,000

Total Financials				79,958,193

Health Care (6.10%)
Health Care Providers & Services (3.29%)
Max Healthcare Institute, Ltd.		660,165		7,598,213

Pharmaceuticals (2.81%)
Cipla, Ltd.		199,147		3,073,494
Piramal Pharma, Ltd.		1,659,565		3,401,399
				6,474,893

Total Health Care				14,073,106

Industrials (12.50%)
Aerospace & Defense (2.71%)
Bharat Electronics, Ltd.		1,540,044		6,259,382

Electrical Equipment (2.15%)
GE Vernova T&D India, Ltd.		109,351		4,951,461

Machinery (4.21%)
Tata Motors, Ltd. /new		2,121,731		9,705,696

Passenger Airlines (3.43%)
InterGlobe Aviation, Ltd.^(b)(c)		146,041		7,907,919

Total Industrials				28,824,458

Information Technology (7.99%)
IT Services (7.99%)
Coforge, Ltd.		414,216		7,470,818
Cognizant Technology Solutions Corp., Class A		143,385		7,936,360

	Shares		Value (Note 2)
IT Services (continued)
Mphasis, Ltd.		122,255	$	3,008,414
				18,415,592

Total Information Technology				18,415,592

Materials (5.57%)
Construction Materials (4.40%)
Dalmia Bharat, Ltd.		167,214		3,152,563
UltraTech Cement, Ltd.		56,004		6,984,127
				10,136,690

Paper & Forest Products (1.17%)
Century Plyboards India, Ltd.		322,206		2,699,743

Total Materials				12,836,433

Real Estate (1.49%)
Real Estate Management & Development (1.49%)
Brigade Enterprises, Ltd.		566,376		3,444,273

Total Real Estate				3,444,273

TOTAL COMMON STOCKS
(Cost $215,088,744)				230,703,448

TOTAL INVESTMENTS (100.04%)
(Cost $215,088,744)			$	230,703,448

Liabilities in Excess of Other Assets (-0.04%)				(98,074	)

NET ASSETS (100.00%)			$	230,605,374

^(a)

Non-income producing security.

^(b)

Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under guidelines utilized by the Valuation Designee. As of July 31, 2026 the aggregate market value of those securities was $18,145,219, representing 7.87% of net assets.

^(c)

Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2026, the aggregate market value of those securities was $18,145,219, representing 7.87% of net assets.

	Shares		Value (Note 2)
CLOSED-END FUNDS (11.87%)
Abrdn Private Equity Opportunities Trust PLC		89,211	$	741,548
HarbourVest Global Private Equity, Ltd.^(a)		20,078		904,654
HBM Healthcare Investments AG, Class A		1,958		606,691
HgCapital Trust PLC		319,964		1,683,905
Neuberger Private Equity Partners, Ltd.		29,305		590,148
Oakley Capital Investments, Ltd.^(a)		96,757		680,468
				5,207,414

TOTAL CLOSED-END FUNDS
(Cost $4,187,553)				5,207,414

COMMON STOCKS (86.83%)
Communications (4.43%)
Internet (4.43%)
Amazon.com, Inc.^(a)		3,330		904,362
GoDaddy, Inc.^(a)		4,270		353,300
Meta Platforms, Inc., Class A		1,230		684,753
				1,942,415

Total Communications				1,942,415

Consumer Discretionary (2.13%)
Retail (2.13%)
Wesfarmers, Ltd.		14,925		934,833

Total Consumer Discretionary				934,833

Consumer Staples (1.61%)
Retail (1.61%)
Costco Wholesale Corp.		740		704,399

Total Consumer Staples				704,399

Consumer, Cyclical (0.76%)
Distribution/Wholesale (0.76%)
D'ieteren Group		1,625		335,408

Total Consumer, Cyclical				335,408

Financials (58.98%)
Diversified Financial Services (35.12%)
Apollo Global Management, Inc.		13,690		1,719,327
Ares Management LP, Class A		13,810		1,768,923
Berkshire Hathaway, Inc., Class B^(a)		3,324		1,700,359
Blackstone, Inc., Class A		13,145		1,679,274
Blue Owl Capital, Inc.		58,500		602,550
Hamilton Lane, Inc., Class A		11,015		979,344
Houlihan Lokey, Inc.		7,710		967,528
KKR & Co., Inc., Class A		19,680		1,996,141
Mastercard, Inc., Class A		1,085		621,814

	Shares		Value (Note 2)
Diversified Financial Services (continued)
Partners Group Holding AG		1,724	$	1,437,004
StepStone Group, Inc., Class A		19,655		862,068
TPG, Inc.		24,620		1,074,909
				15,409,241

Holding Companies-Diversified Operations (1.27%)
Sofina SA		1,965		556,852

Investment Companies (10.13%)
3i Group PLC		54,255		2,088,690
Investor AB, B Shares		26,205		1,132,000
Italmobiliare SpA		9,400		283,147
Mutares SE & Co. KGaA		30,530		940,371
				4,444,208

Private Equity (12.46%)
Brederode SA		14,639		1,741,833
Bridgepoint Group PLC^(b)(c)		182,415		788,376
CVC Capital Partners PLC^(b)(c)		42,285		709,971
EQT AB		32,520		1,104,567
ICG PLC		33,522		855,878
Integral Corp.		14,415		264,886
				5,465,511

Total Financials				25,875,812

Industrials (11.50%)
Commercial Services (1.98%)
FTAI Aviation, Ltd.		4,215		868,290

Electronics (3.62%)
Amphenol Corp., Class A		3,510		564,057
Coherent Corp.^(a)		825		216,884
OEM International AB, Class B		43,675		806,053
				1,586,994

Engineering&Construction (1.48%)
IES Holdings, Inc.^(a)		870		647,750

Machinery-Diversified (3.66%)
Carlisle Cos., Inc.		1,810		651,454
CSW Industrials, Inc.		1,345		428,961

	Shares		Value (Note 2)

Machinery-Diversified (continued)
Dover Corp.		2,585	$	528,943
				1,609,358

Miscellaneous Manufactur (0.76%)
Diploma PLC		3,380		334,730

Total Industrials				5,047,122

Technology (7.42%)
Electronics (1.21%)
Lagercrantz Group AB, B Shares		22,570		530,726

Semiconductors (1.98%)
Broadcom, Inc.		740		288,067
Lam Research Corp.		1,986		581,938
				870,005

Software (4.23%)
Constellation Software, Inc.		276		591,237
Intuit, Inc.		1,310		414,052
Microsoft Corp.		1,830		850,437
				1,855,726

Total Technology				3,256,457

TOTAL COMMON STOCKS
(Cost $33,989,614)				38,096,446

	7-Day Yield			Shares		Value (Note 2)
SHORT TERM INVESTMENTS (0.89%)
Money Market Fund (0.89%)
State Street Institutional Treasury Plus Money Market Fund - Premier Class - Premier Class		3.615	%		391,304		391,304

TOTAL SHORT TERM INVESTMENTS
(Cost $391,304)							391,304

TOTAL INVESTMENTS (99.59%)
(Cost $38,568,471)						$	43,695,164

Other Assets In Excess Of Liabilities (0.41%)							179,273

NET ASSETS (100.00%)						$	43,874,437

^(a)

Non-income producing security.

^(b)

^(c)

For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease. Industries are shown as a percent of net assets.

See Notes to Quarterly Statement of Investments.

	Shares		Value (Note 2)
COMMON STOCKS (69.76%)
Communications (6.06%)
Entertainment Content (0.41%)
Walt Disney Co.		539	$	51,846

Internet Media & Services (5.65%)
Alphabet, Inc., Class A		1,440		512,828
Meta Platforms, Inc., Class A		376		209,323
				722,151

Total Communications				773,997

Consumer Discretionary (6.93%)
E-Commerce Discretionary (3.28%)
Amazon.com, Inc.^(a)		1,544		419,320

Leisure Facilities & Services (1.80%)
Marriott International, Inc., Class A		318		118,560
McDonald's Corp.		414		112,045
				230,605

Retail - Discretionary (1.85%)
Lowe's Cos., Inc.		580		120,529
O'Reilly Automotive, Inc.^(a)		1,290		115,262
				235,791

Total Consumer Discretionary				885,716

Consumer Staples (1.29%)
Retail - Consumer Staples (1.29%)
Costco Wholesale Corp.		58		55,210
Walmart, Inc.		980		108,976
				164,186

Total Consumer Staples				164,186

Energy (2.56%)
Oil & Gas Producers (1.58%)
ConocoPhillips		1,677		202,045

Oil & Gas Services & Equipment (0.98%)
Baker Hughes Co.		2,060		124,609

Total Energy				326,654

Financials (7.01%)
Banking (1.68%)
JPMorgan Chase & Co.		454		159,713
Wells Fargo & Co.		633		54,723
				214,436

Institutional Financial Svcs (2.59%)
Goldman Sachs Group, Inc.		246		250,521

	Shares		Value (Note 2)
Institutional Financial Svcs (continued)
Intercontinental Exchange, Inc.		525	$	80,052
				330,573

Specialty Finance (2.74%)
American Express Co.		430		144,587
Mastercard, Inc., Class A		235		134,679
S&P Global, Inc.		173		71,264
				350,530

Total Financials				895,539

Health Care (11.45%)
Biotech & Pharma (8.27%)
Eli Lilly & Co.		152		174,624
Gilead Sciences, Inc.		1,025		133,465
Johnson & Johnson		1,910		489,628
Merck & Co., Inc.		990		128,898
Vertex Pharmaceuticals, Inc.^(a)		274		130,725
				1,057,340

Health Care Facilities & Svcs (1.99%)
HCA Healthcare, Inc.		61		24,558
IQVIA Holdings, Inc.^(a)		385		90,483
UnitedHealth Group, Inc.		335		138,824
				253,865

Medical Equipment & Devices (1.19%)
Thermo Fisher Scientific, Inc.		265		152,190

Total Health Care				1,463,395

Industrials (11.60%)
Aerospace & Defense (2.58%)
RTX Corp.		1,530		329,287

Commercial Support Services (1.23%)
Mobility Global, Inc.^(a)		173		3,526
Waste Management, Inc.		676		153,148
				156,674

Electrical Equipment (4.25%)
ABB, Ltd., ADR		1,140		112,427
Amphenol Corp., Class A		2,130		342,290
Schneider Electric SE, ADR		825		55,341
Trane Technologies PLC		74		33,666
				543,724

Machinery (2.60%)
Caterpillar, Inc.		261		212,666

	Shares		Value (Note 2)
Machinery (continued)
Deere & Co.		202	$	119,719
				332,385

Transportation & Logistics (0.94%)
Old Dominion Freight Line, Inc.		565		119,859

Total Industrials				1,481,929

Materials (1.59%)
Base Metal (0.69%)
Freeport-McMoRan, Inc.		1,406		88,058

Chemicals (0.90%)
Linde PLC		241		115,289

Total Materials				203,347

Real Estate (1.97%)
REIT (1.97%)
Equity LifeStyle Properties, Inc.		905		58,888
Welltower, Inc.		825		193,413
				252,301

Total Real Estate				252,301

Technology (17.70%)
Semiconductors (8.84%)
Intel Corp.^(a)		2,635		237,677
Lam Research Corp.		884		259,030
NVIDIA Corp.		1,557		312,568
Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR		791		319,762
				1,129,037

Software (4.98%)
Microsoft Corp.		867		402,912
Snowflake, Inc., Class A^(a)		630		184,766
Synopsys, Inc.^(a)		126		48,984
				636,662

Technology Hardware (3.27%)
Apple, Inc.		1,131		349,377
Motorola Solutions, Inc.		157		68,413
				417,790

Technology Services (0.61%)
International Business Machines Corp.		346		77,383

Total Technology				2,260,872

Utilities (1.60%)
Electric Utilities (1.60%)
Alliant Energy Corp.		1,200		84,936

	Shares		Value (Note 2)
Electric Utilities (continued)
Duke Energy Corp.		797	$	99,967
NRG Energy, Inc.		150		20,144
				205,047

Total Utilities				205,047

TOTAL COMMON STOCKS
(Cost $4,903,312)				8,912,983

EXCHANGE TRADED FUNDS (25.95%)
Debt (25.95%)
ALPS \| Smith Core Plus Bond ETF^(b)		131,117		3,315,687

TOTAL EXCHANGE TRADED FUNDS
(Cost $3,424,379)				3,315,687

	7-Day Yield			Shares		Value (Note 2)
SHORT TERM INVESTMENTS (4.31%)
Money Market Fund (4.31%)
State Street Institutional Treasury Plus Money Market Fund - Premier Class		3.615	%		549,954		549,954

TOTAL SHORT TERM INVESTMENTS
(Cost $549,954)							549,954

TOTAL INVESTMENTS (100.02%)
(Cost $8,877,645)						$	12,778,624

Liabilities in Excess of Other Assets (-0.02%)							(2,234	)

NET ASSETS (100.00%)						$	12,776,390

^(a)	Non-income producing security.
^(b)	Affiliated Company. See Note 4 in Notes to Quarterly Statement of Investments. Financials for the affiliated company can be found at www.sec.gov.

See Notes to Quarterly Statement of Investments.

	Shares		Value (Note 2)
EXCHANGE TRADED FUNDS (100.48%)
Debt (26.67%)
ALPS Strategic Income Fund^(a)		426,610	$	9,583,921
iShares^® Core U.S. Aggregate Bond ETF		41,250		4,016,512
State Street SPDR Bloomberg 1-3 Month T-Bill ETF		20,660		1,894,109
Vanguard^® Intermediate-Term Treasury ETF		36,650		2,138,528
Vanguard^® Mortgage-Backed Securities ETF		60,330		2,778,800
				20,411,870

Equity (73.81%)
ALPS Active Equity Opportunity ETF^(a)		197,380		14,783,920
ALPS Dynamic US Dividend Advantage ETF^(a)		208,132		14,969,623
ALPS Electrification Infrastructure ETF^(a)		72,910		2,971,316
ALPS Equal Sector Weight ETF^(a)		22,975		1,173,563
ALPS International Sector Dividend Dogs ETF^(a)		88,710		3,876,627
ALPS O'Shares International Developed Quality Dividend ETF^(a)		34,380		1,223,522
iShares^® Core MSCI International Developed Markets ETF		84,580		7,653,644
iShares^® Core S&P 500^® ETF		4,340		3,256,389
Vanguard^® International High Dividend Yield ETF		18,860		1,953,142
Vanguard^® Total Stock Market ETF		12,595		4,637,605
				56,499,351

TOTAL EXCHANGE TRADED FUNDS
(Cost $59,342,166)				76,911,221

TOTAL INVESTMENTS (100.48%)
(Cost $59,342,166)			$	76,911,221

Liabilities in Excess of Other Assets (-0.48%)				(367,843	)

NET ASSETS (100.00%)			$	76,543,378

^(a)

Affiliated Company. See Note 4 in Notes to Quarterly Statement of Investments. Financials for the affiliated company can be found at www.sec.gov.

See Notes to Quarterly Statement of Investments.

Financial Investors Trust (the “Trust”), a Delaware statutory trust, is an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”). The Trust consists of multiple separate portfolios or series. This report includes the Statement of Investments of the following five Funds: ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund, Kotak India Equity Fund, ALPS Global Opportunity Fund, ALPS Balanced Opportunity Fund and ALPS Asset Allocation Growth & Income (each, a “Fund” and collectively, the “Funds”).

The ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund seeks to maximize real returns, consistent with prudent investment management. Kotak India Equity Fund seeks to achieve long-term capital appreciation. The ALPS Global Opportunity Fund seeks to maximize total return. The ALPS Balanced Opportunity Fund seeks long-term capital growth, consistent with preservation of capital and balanced by current income. ALPS Asset Allocation Growth & Income seeks to achieve long-term growth and income.

The classes of each Fund differ principally in the applicable distribution and shareholder service fees. Shareholders of each class also bear certain expenses that pertain to that particular class. All shareholders bear the common expenses of the Fund and earn income and realized gains/losses from the Fund pro rata based on the average daily net assets of each class, without distinction between share classes. Dividends to shareholders are determined separately for each class based on income and expenses allocable to each class. Realized gain distributions to shareholders are allocated to each class pro rata based on the shares outstanding of each class on the date of distribution. Differences in per share dividend rates generally result from differences in separate class expenses, including distribution and shareholder service fees, if applicable.

Basis of Consolidation for the ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund

CoreCommodity Management Cayman Commodity Fund Ltd. (the “Subsidiary”), a Cayman Islands exempted company, was incorporated on April 23, 2010 and is a wholly owned subsidiary of the ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund (the “CoreCommodity Fund”). All intercompany transactions have been eliminated upon consolidation. The Subsidiary acts as an investment vehicle for the CoreCommodity Fund in order to effect certain commodity-related investments on behalf of the CoreCommodity Fund. CoreCommodity Fund is the sole shareholder of the Subsidiary pursuant to a subscription agreement dated as of June 14, 2010, and it is intended that the CoreCommodity Fund will remain the sole shareholder and will continue to wholly own and control the Subsidiary. Under the Articles of Association of the Subsidiary, shares issued by the Subsidiary confer upon a shareholder the right to vote at general meetings of the Subsidiary and certain rights in connection with any winding-up or repayment of capital, as well as the right to participate in the profits or assets of the Subsidiary. The CoreCommodity Fund may invest up to 25% of its total assets in shares of the Subsidiary. As a wholly owned subsidiary of the CoreCommodity Fund, the financial statements of the Subsidiary are included in the consolidated financial statements and financial highlights of the CoreCommodity Fund. All investments held by the Subsidiary are disclosed in the accounts of the CoreCommodity Fund. As of July 31, 2026, net assets of the CoreCommodity Fund were $980,512,299, of which $195,915,469, or 19.98%, represented the CoreCommodity Fund’s ownership of all issued shares and voting rights of the Subsidiary.

The following is a summary of significant accounting policies consistently followed by each Fund in the preparation of its financial statements. Each Fund is considered an investment company for financial reporting purposes, and follows accounting policies in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), including policies specific to investment companies. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. The following is a summary of significant accounting policies consistently followed by the Funds and subsidiaries, as applicable, in preparation of their financial statements. The Funds are considered investment companies under U.S. GAAP and follow the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification Topic 946 "Financial Services -Investment Companies". In regards to Financial Accounting Standards Board Update 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures (“ASU 2023-07”), the Chief Operating Decision Maker (“CODM”) monitors the operating results of each Fund as a whole. Each Fund’s Treasurer is the CODM for each Fund. Each Fund’s financial information is used by the CODM to assess each segment’s performance. The CODM has determined that each Fund is a single operating segment as defined by ASU 2023-07 that recognizes revenues and incurs expenses. This is supported by the single investment strategy of each Fund, against which the CODM assesses performance.

Investment Valuation: The Funds generally value their securities based on market prices determined at the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern Time, on each day the NYSE is open for trading. For equity securities and mutual funds that are traded on an exchange, the market price is usually the closing sale or official closing price on that exchange.

The market price for debt obligations is generally the price supplied by an independent third-party pricing service utilized by ALPS Advisors, Inc. (the “Adviser” or “AAI”) as the valuation designee (the "Valuation Designee"), which may use a matrix, formula or other objective method that takes into consideration quotations from dealers, market transactions in comparable investments, market indices and yield curves. If vendors are unable to supply a price, or if the price supplied is deemed to be unreliable, the market price may be determined using quotations received from one or more brokers-dealers that make a market in the security. Investments in non-exchange traded funds are fair valued at their respective net asset values.

Futures contracts that are listed or traded on a national securities exchange, commodities exchange, contract market or comparable over the counter market, and that are freely transferable, are valued at their closing settlement price on the exchange on which they are primarily traded or based upon the current settlement price for a like instrument acquired on the day on which the instrument is being valued. A settlement price may not be used if the market makes a limited move with respect to a particular commodity. Over-the-counter swap contracts are valued based on quotes received from independent pricing services or one or more dealers that make markets in such investments.

Option contracts are valued using the National Best Bid and Offer price (“NBBO”). In the event there is no NBBO price available, option contracts are valued at the mean between the last bid and ask.

For Kotak India Equity Fund and ALPS Global Opportunity Fund, each of which holds equity securities that are primarily traded on foreign securities exchanges, such securities are valued at the closing values of such securities on their respective foreign exchanges, except when an event occurs subsequent to the close of the foreign exchange and the close of the NYSE that was likely to have changed such value. In such an event, the fair value of those securities are determined in good faith through consideration of other factors in accordance with procedures established by the Valuation Designee. The Funds will use a fair valuation model provided by an independent pricing service, which is intended to reflect fair value when a security’s value or a meaningful portion of the Funds' portfolio is believed to have been materially affected by a valuation event that has occurred between the close of the exchange or market on which the security is traded and the close of the regular trading day on the NYSE.

Forward currency exchange contracts have a value determined by the current foreign currency exchange forward rates. The foreign currency exchange forward rates are calculated using an automated system that estimates rates on the basis of the current day foreign currency exchange rates and forward foreign currency exchange rates supplied by a pricing service. Foreign exchange rates and forward foreign currency exchange rates may generally be obtained at the close of the NYSE, normally 4:00 p.m. Eastern Time.

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Trust’s Board of Trustees (the “Board” or "Trustees") has appointed the Adviser to serve as the Valuation Designee to perform fair value determinations for investments in the Funds. When such prices or quotations are not available, or when the Valuation Designee appointed by the Board believes that they are unreliable, securities may be priced using fair value procedures utilized by the Valuation Designee. The fair valuation policies and procedures (“FV Procedures”) are utilized by the Valuation Designee for the fair valuation of portfolio assets held by the Funds in the event that (1) market quotations for the current price of a portfolio security or asset are not readily available, or (2) available market quotations that would otherwise be used to value a portfolio security or asset in accordance with the Funds’ Pricing Procedures appear to be unreliable. The Pricing Procedures reflect certain pricing methodologies (or “logics”) that are not “readily available market quotations” and thus are viewed and treated as fair valuations. The Valuation Designee routinely meets to discuss fair valuations of portfolio securities and other instruments held by the Funds.

Fair Value Measurements: The Funds disclose the classification of their fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.

Various inputs are used in determining the value of each Fund’s investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments. These inputs are categorized in the following hierarchy under applicable financial accounting standards:

The following is a summary of each Fund’s investments/financial instruments in the fair value hierarchy as of July 31, 2026:

The Funds, except for the ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund, did not have any securities that used significant unobservable inputs (Level 3) in determining fair value and there were no transfers into or out of Level 3 during the period ended July 31, 2026. As of July 31, 2026, the ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund held securities classified as Level 3 in the fair value hierarchy valued at $1,239, which represents less than 0.005% of net assets.

Fund and Class Expenses: Some expenses of the Trust can be directly attributed to a Fund or a specific share class of a Fund. Expenses which cannot be directly attributed are apportioned among all Funds in the Trust based on average net assets of each share class within a Fund.

Federal Income Taxes: The Funds comply with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) applicable to regulated investment companies and intend to distribute substantially all of their net taxable income and net capital gains, if any, each year. The Funds are not subject to income taxes to the extent such distributions are made.

The Funds file U.S. federal, state, and local tax returns as required. The Funds' tax returns are subject to examination by the relevant tax authorities until expiration of the applicable statute of limitations which is generally three years after the filing of the tax return, but may extend to four years in certain jurisdictions. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

Distributions to Shareholders: Each Fund, except ALPS Balanced Opportunity Fund and ALPS Asset Allocation Growth & Income, normally pays dividends and distributes capital gains, if any, on an annual basis. ALPS Balanced Opportunity Fund normally pays dividends, if any, on a monthly basis and distributes capital gains, if any, annually. ALPS Asset Allocation Growth & Income normally pays dividends, if any, on a quarterly basis and distributes capital gains, if any, annually. Income dividend distributions are derived from interest, dividends, and other income a Fund receives from its investments, including distributions of short-term capital gains, if any. Capital gain distributions are derived from gains realized when a Fund sells a security it has owned for more than a year or from long-term capital gain distributions from underlying investments. Each Fund may make additional distributions and dividends at other times if its portfolio manager or managers believe doing so may be necessary for the Fund to avoid or reduce taxes.

Commodity-Linked Notes: The ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund may invest in commodity-linked notes which are derivative instruments that have characteristics of a debt security and of a commodity-linked derivative. A commodity-linked note typically provides for interest payments and a principal payment at maturity linked to the price movement of the underlying commodity, commodity index or commodity futures or option contract. Commodity-linked notes may be principal protected, partially protected, or offer no principal protection. The value of these notes will rise and fall in response to changes in the underlying commodity or related index or investment. These notes are often leveraged, increasing the volatility of each note’s value relative to the change in the underlying linked index. Commodity index-linked investments may be more volatile and less liquid than the underlying index and their value may be affected by the performance of the commodities as well as other factors, including liquidity, quality, maturity and other economic variables. Commodity-linked notes are typically issued by a bank or other financial institution and are sometimes referred to as structured notes because the terms of the notes may be structured by the issuer and the purchaser of the notes to accommodate the specific investment requirements of the purchaser.

Exchange Traded Funds (ETFs): Each Fund may invest in shares of ETFs and other similar instruments if the investment manager chooses to adjust a Fund’s exposure to the general market or industry sectors and to manage a Fund’s risk exposure. ETFs differ from traditional index funds in that their shares are listed on a securities exchange and can be traded intraday. ETF shares are shares of exchange traded investment companies that are registered under the 1940 Act and hold a portfolio of common stocks designed to track the performance of a particular index. Limitations of the 1940 Act may prohibit a Fund from acquiring more than 3% of the outstanding shares of certain ETFs. Instruments that are similar to ETFs represent beneficial ownership interests in specific “baskets” of stocks of companies within a particular industry sector or group. These securities may also be exchange traded, but unlike ETFs, the issuers of these securities are not registered as investment companies.

The portfolio manager may decide to purchase or sell short ETF shares or options on ETF shares for the same reasons it would purchase or sell (and as an alternative to purchasing or selling) futures contracts – to obtain exposure to the stock market or a particular segment of the stock market, or to hedge a Fund’s portfolio against such exposures. Depending on the market, the holding period and other factors, the use of ETF shares and options thereon can be less costly than the use of index options or stock index futures. In addition, ETF shares and options thereon can typically be purchased in smaller amounts than are available for futures contracts and can offer exposure to market sectors and styles for which there is no suitable or liquid futures contract.

Investment Transactions and Investment Income: Investment transactions are accounted for on the date the investments are purchased or sold (trade date basis). Net realized gains and losses from investment transactions are reported on an identified cost basis. Interest income, which includes accretion of discounts and amortization of premiums, is accrued and recorded as earned. Dividend income is recognized on the ex-dividend date or for withholding taxes or certain foreign securities, as soon as information is available to each Fund.

Cash Management Transactions: Kotak India Equity Fund subscribes to the Brown Brothers Harriman & Co. (“BBH”) Cash Management Service (“CMS”), whereby cash balances are automatically swept into overnight offshore demand deposits with either the BBH Grand Cayman branch or a branch of a pre-approved commercial bank. This fully automated program allows the Fund to earn interest on cash balances. Excess cash with deposit institutions domiciled outside of the U.S. are subject to sovereign actions in the jurisdiction of the deposit institution including, but not limited to, freeze, seizure or diminution.

Foreign Securities: Each Fund may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the inability to repatriate foreign currency, less complete financial information about companies and possible future adverse political and economic developments.

Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.

Foreign Currency Translation: Values of investments denominated in foreign currencies are converted into U.S. dollars using the current exchange rates each business day (generally 4:00 p.m. Eastern Time). Purchases and sales of investments and dividend income are translated into U.S. dollars using the current prevailing exchange rate on the transaction date. The effect of changes in foreign exchange rates on realized and unrealized gains or losses on securities is reflected as a component of such gains or losses. Transactions in foreign denominated assets may involve greater risks than domestic transactions.

Foreign Currency Spot Contracts: The Funds may enter into foreign currency spot contracts to facilitate transactions in foreign securities or to convert foreign currency receipts into U.S. dollars. A foreign currency spot contract is an agreement between two parties to buy and sell currencies at the current market rate, for settlement generally within two business days. The U.S. dollar value of the contracts is determined using current currency exchange rates supplied by a pricing service. The contract is marked-to-market daily for settlements beyond one day and any change in market value is recorded as an unrealized gain or loss. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value on the open and close date. Losses may arise from changes in the value of the foreign currency, or if the counterparties do not perform under the contract’s terms. The maximum potential loss from such contracts is the aggregate face value in U.S. dollars at the time the contract was opened.

Real Estate Investment Trusts (“REITs”): The Funds may invest a portion of their assets in REITs and are subject to certain risks associated with direct investment in REITs. REITs may be affected by changes in the value of their underlying properties and by defaults by borrowers or tenants. REITs depend generally on their ability to generate cash flow to make distributions to shareowners, and certain REITs have self-liquidation provisions by which mortgages held may be paid in full and distributions of capital returns may be made at any time. In addition, the performance of a REIT may be affected by its failure to qualify for tax-free pass-through of income under the Code, or its failure to maintain exemption from registration under the 1940 Act. Distributions that the Fund receives from REITs can be classified as ordinary income, capital gain income or return of capital by the REITs that make these distributions to a Fund. However, it is not possible for the Fund to characterize distributions received from REITs during interim periods because the REIT issuers do not report their tax characterizations until subsequent to year end. During interim periods, the REIT distributions are accounted for as ordinary income until the re characterizations are made subsequent to year end.

Master Limited Partnerships (“MLPs”): Certain Funds may invest in MLPs, which are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as a MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Code. These qualifying sources include natural resource based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners, the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

As a part of their investment strategy, the Funds are permitted to enter in various types of derivatives contracts. In doing so, the Funds employ strategies in differing combinations to permit them to increase, decrease, or change the level or types of exposure to market factors. Central to those strategies are features inherent in derivatives that make them more attractive for this purpose than equity or debt securities; they require little or no initial cash investment, they focus exposure on only certain selected risk factors, and they may not require the ultimate receipt or delivery of the underlying security (or securities) to the contract. This may allow the Funds to pursue their objectives more quickly and efficiently than if they were to make direct purchases or sales of securities capable of affecting a similar response to market factors.

Cash collateral is being pledged to cover derivative obligations of the Funds and cash collateral received from the counterparty, if any, is reported separately on the Statements of Assets and Liabilities as cash pledged as collateral and cash received as collateral, respectively. Non-cash collateral pledged by the Funds, if any, is noted in the Statements of Investments or Consolidated Statement of Investments.

Risk of Investing in Derivatives: The Funds’ use of derivatives can result in losses due to unanticipated changes in the market risk factors and the overall market. In instances where the Funds are using derivatives to decrease, or hedge, exposures to market risk factors for securities held by the Funds, there are also risks that those derivatives may not perform as expected resulting in losses for the combined or hedged positions.

Derivatives may have little or no initial cash investment relative to their market value exposure and therefore can produce significant gains or losses in excess of their cost. This use of embedded leverage allows the Funds to increase their market value exposure relative to their net assets and can substantially increase the volatility of the Funds’ performance.

Additional associated risks from investing in derivatives also exist and potentially could have significant effects on the valuation of the derivative and the Funds. Typically, the associated risks are not the risks that the Funds are attempting to increase or decrease exposure to, per their investment objectives, but are the additional risks from investing in derivatives.

Examples of these associated risks are liquidity risk, which is the risk that the Funds will not be able to sell or close out the derivative in a timely manner, and counterparty credit risk, which is the risk that the counterparty will not fulfill its obligation to the Funds. In addition, use of derivatives may increase or decrease exposure to the following risk factors:

Equity Risk: Equity risk relates to the change in value of equity securities as they relate to increases or decreases in the general market. Associated risks can be different for each type of derivative and are discussed by each derivative type in the notes that follow.

Commodity Risk: Exposure to the commodities markets may subject the Funds to greater volatility than investments in traditional securities. Prices of various commodities may also be affected by factors, such as drought, floods, weather, livestock disease, embargoes, tariffs and other regulatory developments, which are unpredictable. The prices of commodities can also fluctuate widely due to supply and demand disruptions in major producing or consuming regions.

Foreign Currency Risk: Currency trading involves significant risks, including market risk, interest rate risk, country risk, counterparty credit risk and short sale risk. Market risk results from the price movement of foreign currency values in response to shifting market supply and demand. Interest rate risk arises whenever a country changes its stated interest rate target associated with its currency. Country risk arises because virtually every country has interfered with international transactions in its currency.

Interest Rate Risk: Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the value of fixed income securities held by the Funds are likely to decrease. Securities with longer durations tend to be more sensitive to changes in interest rates, and are usually more volatile than securities.

Swap Contracts: Each Fund may enter into swap transactions for hedging purposes or to seek to increase total return. At the present time, the CoreCommodity Fund primarily enters into swap transactions for the purpose of increasing total return. Swap agreements may be executed in a multilateral or other trade facility program, such as a registered exchange (“centrally cleared swaps”) or may be privately negotiated in the over-the counter market. The duration of a swap agreement typically ranges from a few weeks to more than one year. In a centrally cleared swap, immediately following execution of the swap agreement, the swap agreement is novated to a central counterparty (the “CCP”) and the Fund’s counterparty on the swap agreement becomes the CCP. Risks may arise as a result of the failure of the counterparty to the swap contract to comply with the terms of the swap contract. The loss incurred by the failure of a counterparty is generally limited to the net payment to be received by the Funds and/or the termination value at the end of the contract. Therefore, the Funds consider the creditworthiness of each counterparty to a contract in evaluating potential credit risk. Although centrally cleared swaps typically present less counterparty risk than non-centrally cleared swaps, a Fund that has entered into centrally cleared swaps is subject to the risk of the failure of the CCP.

Additionally, risks may arise from unanticipated movements in interest rates or in the value of the underlying reference asset or index. Entering into these agreements involves, to varying degrees, market risk, liquidity risk and elements of credit, legal and documentation risk that are not directly reflected in the amounts recognized in the Statements of Assets and Liabilities or Consolidated Statement of Assets and Liabilities.

The Funds may pay or receive cash as collateral on these contracts which may be recorded as an asset and/or liability. The Funds must set aside liquid assets, or engage in other appropriate measures, to cover its obligations under these contracts. Swaps are marked to market daily using either pricing vendor quotations, counterparty prices or model prices and the change in value, if any, is recorded as an unrealized gain or loss. Upfront payments made and/or received by the Funds are recorded as an asset and/or liability and realized gains or losses are recognized ratably over the contract’s term/event, with the exception of forward starting interest rate swaps, whose realized gains or losses are recognized ratably from the effective start date. Periodic payments received or made on swap contracts are recorded as realized gains or losses. Gains or losses are realized upon termination of a swap contract.

Total return swaps are agreements in which there is an exchange of cash flows whereby one party commits to make payments based on the total return (coupons plus capital gains/losses) of an underlying instrument in exchange for fixed or floating rate interest payments. To the extent the total return of the instrument or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Funds will receive a payment from or make a payment to the counterparty. Credit default swaps are a type of swap agreement in which the protection “buyer” is generally obligated to pay the protection “seller” an upfront and/ or a periodic stream of payments over the term of the contract provided that no credit event, such as a default, on a reference obligation has occurred. Credit default swaps (“CDS”) are typically two-party financial contracts that transfer credit exposure between the two parties. Under a typical CDS, one party (the “seller”) receives pre-determined periodic payments from the other party (the “buyer”). The seller agrees to make compensating specific payments to the buyer if a negative credit event occurs, such as the bankruptcy or default by the issuer of the underlying debt instrument. Swap agreements held at July 31, 2026 are disclosed after the Statements of Investments or Consolidated Statement of Investments.

Futures: Each Fund may invest in futures contracts in accordance with their investment objectives. Each Fund does so for a variety of reasons including for cash management, hedging or non-hedging purposes in an attempt to achieve the Fund’s investment objective. A futures contract provides for the future sale by one party and purchase by another party of a specified quantity of the security or other financial instrument at a specified price and time. A futures contract on an index is an agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the index at the close of the last trading day of the contract and the price at which the index contract was originally written. Futures transactions may result in losses in excess of the amount invested in the futures contract. There can be no guarantee that there will be a correlation between price movements in the hedging vehicle and in the portfolio securities being hedged. An incorrect correlation could result in a loss on both the hedged securities in a Fund and the hedging vehicle so that the portfolio return might have been greater had hedging not been attempted. There can be no assurance that a liquid market will exist at a time when a Fund seeks to close out a futures contract or a futures option position. Lack of a liquid market for any reason may prevent a Fund from liquidating an unfavorable position, and the Fund would remain obligated to meet margin requirements until the position is closed. In addition, a Fund could be exposed to risk if the counterparties to the contracts are unable to meet the terms of their contracts. With exchange traded futures, there is minimal counterparty credit risk to the Funds since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default. When a purchase or sale of a futures contract is made by a Fund, the Fund is required to deposit with its custodian (or broker, if legally permitted) a specified amount of liquid assets (“initial margin”). The margin required for a futures contract is set by the exchange on which the contract is traded and may be modified during the term of the contract. The initial margin is in the nature of a performance bond or good faith deposit on the futures contract that is returned to a Fund upon termination of the contract, assuming all contractual obligations have been satisfied. These amounts are included in Deposit with broker for futures contracts on the Statement of Assets and Liabilities. Each day a Fund may pay or receive cash, called “variation margin,” equal to the daily change in value of the futures contract. Such payments or receipts are recorded for financial statement purposes as unrealized gains or losses by a Fund. Variation margin does not represent a borrowing or loan by a Fund but is instead a settlement between a Fund and the broker of the amount one would owe the other if the futures contract expired. When the contract is closed, a Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Forward Foreign Currency Contracts: Each Fund may engage in currency transactions with counterparties to hedge the value of portfolio securities denominated in particular currencies against fluctuations in relative value, to gain or reduce exposure to certain currencies, or to generate income or gains. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. The contract is marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. When a forward foreign currency contract is extinguished, through delivery, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was extinguished.

Option Contracts: Each Fund may enter into options transactions for hedging purposes and for non-hedging purposes such as seeking to enhance return. Each Fund may write covered put and call options on any stocks or stock indices, currencies traded on domestic and foreign securities exchanges, or futures contracts on stock indices, interest rates and currencies traded on domestic and, to the extent permitted by the CFTC, foreign exchanges. A call option on an asset written by a Fund obligates the Fund to sell the specified asset to the holder (purchaser) at a stated price (the exercise price) if the option is exercised before a specified date (the expiration date). A put option on an asset written by a Fund obligates the Fund to buy the specified asset from the purchaser at the exercise price if the option is exercised before the expiration date. Premiums received when writing options are recorded as liabilities and are subsequently adjusted to the current value of the options written. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options, which are either exercised or closed, are offset against the proceeds received or amount paid on the transaction to determine realized gains or losses.

Funds may invest in certain securities that are considered securities issued by affiliated companies. As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund.

The purchases, sales, dividend income, realized gains or losses, change in unrealized gains or losses, shares and value of investments in affiliated companies for ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund for the period ended, July 31, 2026 were as follows:

The purchases, sales, dividend income, realized gains or losses, change in unrealized gains or losses, shares and value of investments in affiliated companies for ALPS Balanced Opportunity for the period ended, July 31, 2026 were as follows:

The purchases, sales, dividend income, realized gains or losses, change in unrealized gains or losses, shares and value of investments in affiliated companies ALPS Asset Allocation Growth & Income for the period ended, July 31, 2026 were as follows:

	Principal Amount		Value (Note 2)
BANK LOANS (0.74%)

Aerospace & Defense (0.28%)
TransDigm, Inc.
1M US SOFR + 2.50%, 02/28/2031^(a)	$	1,741,117	$	1,745,356

Casinos & Gaming (0.46%)
Caesars Entertainment, Inc.
1M US SOFR + 2.25%, 02/06/2031^(a)		2,984,733		2,851,659

TOTAL BANK LOANS
(Cost $4,719,038)				4,597,015

	Principal Amount		Value (Note 2)
COLLATERALIZED MORTGAGE OBLIGATIONS (0.00%)^(b)

Fannie Mae
Series 1997-12, Class FA,
30D US SOFR + 1.11%, 04/18/2027^(a)		546		547
Series 1997-49, Class F,
30D US SOFR + 0.61%, 06/17/2027^(a)		803		803
Series 2012-47, Class HA,
1.500%, 05/25/2027		362		360
Series 2013-5, Class DB,
2.000%, 02/25/2028		7,620		7,513
Series 2015-96, Class EA,
3.000%, 12/25/2026		13,370		13,320
				22,543

Freddie Mac
Series 1996-1885, Class FA,
30D US SOFR + 0.56%, 09/15/2026^(a)		6		6
Series 2001-2332, Class FB,
30D US SOFR + 0.56%, 01/15/2028^(a)		6,790		6,789
Series 2013-4177, Class NB,
1.500%, 03/15/2028		2,524		2,476
				9,271

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $32,049)				31,814

	Principal Amount		Value (Note 2)
MORTGAGE-BACKED SECURITIES (0.35%)

Fannie Mae Pool
Series 2011-,
3.500%, 12/01/2026		13,319		13,273
5.270%, 07/01/2028		445,087		443,655
Series 2021-,
1.490%, 07/01/2028		244,931		231,749

	Principal Amount		Value (Note 2)
1.580%, 12/01/2028	$	110,000	$	102,773
Series 2023-,
4.550%, 03/01/2028		473,081		472,482
4.900%, 03/01/2028		747,163		746,976
				2,010,908

Freddie Mac Gold Pool
Series 2012-T40090,
3.000%, 05/01/2027		7,682		7,632

Freddie Mac Pool
Series 2018-,
2.000%, 01/01/2028		60,168		59,571
3.500%, 04/01/2028		6,926		6,899
Series 2023-,
4.170%, 04/01/2028		112,625		111,926
				178,396

Ginnie Mae I Pool
Series 2013-AF1057,
2.000%, 07/15/2028		14,847		14,608

TOTAL MORTGAGE-BACKED SECURITIES
(Cost $2,209,682)				2,211,544

	Principal Amount		Value (Note 2)
CORPORATE BONDS (80.31%)

Aerospace & Defense (6.56%)
ATI, Inc.
4.88%, 10/01/2029		4,000,000		3,938,320
BAE Systems PLC
5.00%, 03/26/2027^(c)		4,500,000		4,517,140
Boeing Co.
3.25%, 02/01/2028		3,000,000		2,938,280
5.15%, 05/01/2030		3,000,000		3,015,592
Hexcel Corp.
4.90%, 05/15/2031		6,000,000		5,927,747
Honeywell Aerospace, Inc.
3.90%, 03/16/2028^(c)		3,000,000		2,966,867
4.00%, 03/16/2029^(c)		3,000,000		2,945,497
Howmet Aerospace, Inc.
3.75%, 03/03/2028		1,650,000		1,629,083
3.90%, 04/15/2029		1,651,000		1,615,717
L3Harris Technologies, Inc.
4.40%, 06/15/2028		6,500,000		6,467,835
Lockheed Martin Corp.
4.15%, 08/15/2028		3,000,000		2,981,591
RTX Corp.
5.75%, 11/08/2026		2,000,000		2,005,779
Total Aerospace & Defense				40,949,448

Airlines (1.97%)
AS Mileage Plan IP, Ltd.
5.02%, 10/20/2029^(c)		3,000,000		2,957,171
Southwest Airlines Co.
4.38%, 11/15/2028		5,000,000		4,943,283

	Principal Amount		Value (Note 2)
United Airlines Holdings, Inc.
4.88%, 03/01/2029	$	1,581,000	$	1,560,745
5.38%, 03/01/2031		1,585,000		1,566,215
United Airlines, Inc.
4.63%, 04/15/2029^(c)		1,300,000		1,278,428
Total Airlines				12,305,842

Apparel & Textile Products (1.24%)
Gildan Activewear, Inc.
4.70%, 10/07/2030^(c)		4,730,000		4,623,983
VF Corp.
2.80%, 04/23/2027		3,200,000		3,154,870
Total Apparel & Textile Products				7,778,853

Automobiles Manufacturing (4.62%)
Ford Motor Credit Co. LLC
4.97%, 04/06/2029		3,096,000		3,060,414
5.73%, 09/05/2030		1,752,000		1,753,261
5.80%, 03/05/2027		3,000,000		3,015,610
General Motors Co.
5.63%, 04/15/2030		1,500,000		1,528,548
General Motors Financial Co., Inc.
4.20%, 10/27/2028		1,714,000		1,693,358
4.75%, 04/06/2029		2,000,000		1,991,993
5.40%, 05/08/2027		1,500,000		1,509,674
Hyundai Capital America
4.25%, 01/08/2029^(c)		6,327,000		6,230,631
Nissan Motor Acceptance Co. LLC
5.63%, 09/29/2028^(c)		5,000,000		4,973,344
Stellantis Financial Services US Corp.
4.95%, 09/15/2028^(c)		3,100,000		3,078,254
Total Automobiles Manufacturing				28,835,087

Banks (9.99%)
Capital One NA
5.97%, 08/09/2028^(a)		2,711,000		2,752,193
Citibank NA
1D US SOFR + 0.60%, 06/18/2029^(a)		3,000,000		2,990,446
Citizens Bank NA
1D US SOFR + 0.70%, 01/29/2029^(a)		3,000,000		2,973,790
Danske Bank A/S
1Y US TI + 0.75%, 03/27/2029^(a)(c)		3,000,000		2,998,693
First-Citizens Bank & Trust Co.
1D US SOFR + 1.15%, 07/13/2029^(a)		5,000,000		4,988,356
Goldman Sachs Bank USA
1D US SOFR + 0.72%, 06/03/2029^(a)		2,000,000		1,995,134
Manufacturers & Traders Trust Co.
1D US SOFR + 0.94%, 04/18/2030^(a)		1,500,000		1,483,821
Mizuho Bank, Ltd.
4.40%, 04/16/2029^(c)		3,000,000		2,983,116
Morgan Stanley Bank NA
SOFRINDX + 0.97%, 05/10/2030^(a)(d)		810,000		806,817

	Principal Amount		Value (Note 2)
1D US SOFR + 1.08%, 01/14/2028^(a)	$	3,500,000	$	3,508,890
Morgan Stanley Private Bank NA
1D US SOFR + 0.77%, 07/06/2028^(a)		3,000,000		2,995,838
PNC Financial Services Group, Inc.
1D US SOFR + 0.61%, 01/26/2029^(a)		3,000,000		2,972,119
1D US SOFR + 0.68%, 10/26/2029^(a)		3,000,000		2,990,720
1D US SOFR + 0.80%, 07/19/2030^(a)		3,000,000		2,994,848
Regions Bank/Birmingham AL
1D US SOFR + 0.81%, 07/27/2029^(a)		900,000		898,510
Truist Bank
1D US SOFR + 0.66%, 01/27/2029^(a)		3,000,000		2,973,742
US Bank NA
1D US SOFR + 0.91%, 05/15/2028^(a)		6,000,000		6,008,266
Wells Fargo & Co.
1D US SOFR + 0.72%, 05/20/2029^(a)		3,000,000		2,990,299
1D US SOFR + 1.07%, 04/22/2028^(a)		10,000,000		10,077,466
Total Banks				62,383,064

Biotechnology (0.53%)
Amgen, Inc.
5.15%, 03/02/2028		3,300,000		3,326,335

Cable & Satellite (0.60%)
CCO Holdings LLC / CCO Holdings Capital Corp.
5.13%, 05/01/2027^(c)		923,000		921,699
Cox Communications, Inc.
5.45%, 09/15/2028^(c)		1,000,000		1,006,210
Space Exploration Technologies Corp.
5.35%, 07/15/2031^(c)		1,904,000		1,853,890
Total Cable & Satellite				3,781,799

Casinos & Gaming (0.48%)
MGM Resorts International
5.50%, 04/15/2027		3,000,000		3,004,935

Chemicals (1.49%)
Eastman Chemical Co.
4.50%, 02/20/2031		383,000		372,370
Ecolab, Inc.
4.30%, 06/15/2028		3,000,000		2,991,451
4.60%, 06/15/2029		3,000,000		2,992,959
Sherwin-Williams Co.
3.45%, 06/01/2027		3,000,000		2,976,754
Total Chemicals				9,333,534

Consumer Finance (1.92%)
American Express Co.
1D US SOFR + 1.26%, 04/25/2029^(a)		3,000,000		3,002,953
Fidelity National Information Services, Inc.
2.25%, 03/01/2031		785,000		692,146

	Principal Amount		Value (Note 2)
4.45%, 03/10/2028	$	1,980,000	$	1,969,955
4.80%, 03/10/2031		154,000		151,322
Fiserv, Inc.
2.65%, 06/01/2030		3,300,000		3,014,357
Global Payments, Inc.
4.50%, 11/15/2028		1,650,000		1,628,621
Rocket Cos., Inc.
6.50%, 08/01/2029^(c)		1,500,000		1,521,578
Total Consumer Finance				11,980,932

Consumer Services (2.06%)
Cintas Corp. No 2
4.20%, 05/01/2028		5,000,000		4,968,629
Mobility Global, Inc.
5.05%, 06/15/2029^(c)		3,033,000		3,021,895
Rentokil Terminix Funding PLC
4.63%, 04/23/2031^(c)		5,000,000		4,863,491
Total Consumer Services				12,854,015

Containers & Packaging (0.48%)
Sonoco Products Co.
4.45%, 09/01/2026		3,000,000		3,000,166

Department Stores (1.05%)
Kohl's Corp.
10.00%, 06/01/2030^(c)		6,100,000		6,592,496

Diversified Banks (4.32%)
Bank of America Corp.
1D US SOFR + 0.87%, 04/23/2030^(a)		2,430,000		2,403,764
1D US SOFR + 1.04%, 04/23/2032^(a)		702,000		689,045
1D US SOFR + 1.11%, 05/09/2029^(a)		3,000,000		2,994,152
Barclays PLC
1D US SOFR + 0.91%, 06/26/2030^(a)		3,000,000		2,984,472
HSBC Holdings PLC
1D US SOFR + 0.99%, 03/10/2030^(a)		3,000,000		2,958,700
JPMorgan Chase & Co.
1D US SOFR + 0.82%, 04/23/2030^(a)		3,000,000		2,960,089
1D US SOFR + 1.19%, 01/23/2028^(a)		3,000,000		3,006,937
Mitsubishi UFJ Financial Group, Inc.
1Y US TI + 0.78%, 04/18/2030^(a)		3,000,000		2,975,616
Toronto-Dominion Bank
3.91%, 01/13/2028		3,000,000		2,970,531
4.98%, 04/05/2027		3,000,000		3,013,361
Total Diversified Banks				26,956,667

Electrical Equipment Manufacturing (0.82%)
BWX Technologies, Inc.
4.13%, 06/30/2028^(c)		2,650,000		2,586,749

	Principal Amount		Value (Note 2)
Eaton Capital ULC
4.45%, 05/09/2030	$	2,575,000	$	2,542,435
Total Electrical Equipment Manufacturing				5,129,184

Entertainment Content (0.48%)
Paramount Global
3.70%, 06/01/2028		1,600,000		1,556,686
7.88%, 07/30/2030		1,370,000		1,428,811
Total Entertainment Content				2,985,497

Exploration & Production (0.90%)
Diamondback Energy, Inc.
5.20%, 04/18/2027		1,000,000		1,004,750
Hilcorp Energy I LP / Hilcorp Finance Co.
6.25%, 11/01/2028^(c)		1,500,000		1,505,391
SM Energy Co.
8.75%, 07/01/2031^(c)		3,000,000		3,137,955
Total Exploration & Production				5,648,096

Financial Services (11.74%)
Bank of New York Mellon Corp.
1D US SOFR + 0.63%, 01/22/2030^(a)		2,000,000		1,967,405
1D US SOFR + 0.89%, 04/23/2032^(a)		810,000		793,886
Charles Schwab Corp.
1D US SOFR + 0.78%, 05/21/2030^(a)		3,000,000		2,993,666
SOFRINDX + 1.05%, 03/03/2027^(a)(d)		2,471,000		2,480,358
5.88%, 08/24/2026		5,000,000		5,001,647
Citadel Securities Global Holdings LLC
5.13%, 01/27/2032^(c)		2,295,000		2,246,335
5.50%, 06/18/2030^(c)		2,570,000		2,583,208
Depository Trust Co.
4.30%, 03/27/2029^(c)		3,000,000		2,974,622
Goldman Sachs Group, Inc.
1D US SOFR + 0.71%, 01/21/2029^(a)		5,000,000		4,953,632
1D US SOFR + 0.96%, 01/21/2032^(a)		1,174,000		1,139,736
1D US SOFR + 0.99%, 04/20/2030^(a)		3,000,000		2,968,148
Jane Street Group / JSG Finance, Inc.
4.50%, 11/15/2029^(c)		4,931,000		4,787,365
LPL Holdings, Inc.
4.90%, 04/03/2028		2,000,000		2,000,322
5.70%, 05/20/2027		2,900,000		2,923,637
Lseg US Fin Corp.
4.25%, 03/23/2029^(c)		1,155,000		1,139,163
4.88%, 03/28/2027^(c)		2,500,000		2,506,969
Morgan Stanley
1D US SOFR + 0.80%, 01/09/2030^(a)		2,000,000		1,966,985
SOFRINDX + 0.96%, 04/10/2030^(a)(d)		2,000,000		1,979,755
National Securities Clearing Corp.
4.35%, 06/09/2028^(c)		3,000,000		2,991,738
4.70%, 06/09/2031^(c)		5,000,000		4,958,997
4.90%, 06/26/2029^(c)		5,000,000		5,030,804

	Principal Amount		Value (Note 2)
UBS Group AG
1D US SOFR + 0.84%, 04/10/2030^(a)(c)	$	3,000,000	$	2,942,720
1Y US TI + 1.60%, 12/22/2027^(a)(c)		7,000,000		7,045,991
USAA Capital Corp.
4.38%, 06/01/2028^(c)		3,000,000		2,989,548
Total Financial Services				73,366,637

Food & Beverage (1.28%)
Conagra Brands, Inc.
5.40%, 08/01/2031		5,000,000		4,997,046
Mars, Inc.
4.45%, 03/01/2027^(c)		3,000,000		3,006,130
Total Food & Beverage				8,003,176

Forest & Paper Products Manufacturing (0.48%)
Georgia-Pacific LLC
4.40%, 05/15/2029^(c)		3,000,000		2,972,527

Hardware (0.64%)
Dell International LLC / EMC Corp.
4.75%, 04/01/2028		2,000,000		2,002,702
Hewlett Packard Enterprise Co.
4.45%, 09/25/2026		2,000,000		2,000,718
Total Hardware				4,003,420

Health Care Facilities & Services (1.13%)
HCA, Inc.
5.00%, 03/01/2028		5,000,000		5,023,472
5.20%, 06/01/2028		2,000,000		2,016,410
Total Health Care Facilities & Services				7,039,882

Homebuilders (0.24%)
Taylor Morrison Communities, Inc.
5.75%, 01/15/2028^(c)		1,465,000		1,479,309

Industrial Other (0.57%)
Element Fleet Management Corp.
4.64%, 11/24/2030^(c)		2,500,000		2,451,255
4.80%, 05/29/2029^(c)		1,113,000		1,106,447
Total Industrial Other				3,557,702

Integrated Oils (0.25%)
Saudi Arabian Oil Co.
4.00%, 02/02/2029^(c)		1,603,000		1,571,973

Internet Media (0.25%)
Match Group Holdings II LLC
4.63%, 06/01/2028^(c)		1,570,000		1,545,965

Life Insurance (0.32%)
Jackson National Life Global Funding
4.90%, 01/13/2027^(c)		2,000,000		2,004,862

Machinery Manufacturing (1.28%)
Eaton Corp.
3.85%, 03/06/2028		5,000,000		4,946,581

	Principal Amount		Value (Note 2)
Esab Corp.
6.25%, 04/15/2029^(c)	$	3,000,000	$	3,035,505
Total Machinery Manufacturing				7,982,086

Medical Equipment & Devices Manufacturing (3.51%)
Alcon Finance Corp.
2.75%, 09/23/2026^(c)		6,150,000		6,135,400
Augusta SpinCo Corp.
4.32%, 09/23/2027		4,000,000		3,988,139
4.40%, 03/23/2029		2,476,000		2,450,551
Illumina, Inc.
4.65%, 09/09/2026		2,000,000		2,000,671
Medline Borrower LP/Medline Co.-Issuer, Inc.
6.25%, 04/01/2029^(c)		2,000,000		2,036,366
Solventum Corp.
5.40%, 03/01/2029		776,000		785,869
5.45%, 02/25/2027		1,533,000		1,540,058
Stryker Corp.
4.55%, 02/10/2027		3,000,000		3,004,998
Total Medical Equipment & Devices Manufacturing				21,942,052

Metals & Mining (0.47%)
Steel Dynamics, Inc.
4.00%, 12/15/2028		3,000,000		2,954,413

Oil & Gas Services & Equipment (0.51%)
Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc.
4.05%, 03/11/2029		3,235,000		3,180,291

Pipeline (1.64%)
Buckeye Partners LP
4.13%, 12/01/2027		2,545,000		2,503,579
4.50%, 03/01/2028^(c)		250,000		247,085
Columbia Pipelines Holding Co. LLC
6.04%, 08/15/2028^(c)		1,000,000		1,023,036
Energy Transfer LP
4.55%, 01/15/2031		1,176,000		1,151,659
Kinetik Holdings LP
6.63%, 12/15/2028^(c)		2,000,000		2,034,398
NuStar Logistics LP
5.63%, 04/28/2027		3,000,000		3,010,452
Western Midstream Operating LP
7.25%, 04/01/2030^(c)		235,000		246,025
Total Pipeline				10,216,234

Power Generation (2.06%)
Constellation Energy Generation LLC
3.90%, 01/08/2028		5,007,000		4,964,104
4.55%, 06/01/2029		1,617,000		1,604,823
Vistra Operations Co. LLC
4.55%, 10/30/2028^(c)		2,000,000		1,982,648
7.75%, 10/15/2031^(c)		4,162,000		4,340,929
Total Power Generation				12,892,504

Property & Casualty Insurance (0.50%)
Brown & Brown, Inc.
4.60%, 12/23/2026		1,555,000		1,556,479

	Principal Amount		Value (Note 2)
4.70%, 06/23/2028	$	1,550,000	$	1,547,971
Total Property & Casualty Insurance				3,104,450

Real Estate (0.69%)
SBA Communications Corp.
4.88%, 01/15/2030		2,410,000		2,402,813
VICI Properties LP / VICI Note Co., Inc.
4.13%, 08/15/2030^(c)		2,040,000		1,939,373
Total Real Estate				4,342,186

Refining & Marketing (0.50%)
Sunoco LP
7.00%, 05/01/2029^(c)		3,050,000		3,118,308

Restaurants (0.85%)
1011778 BC ULC / New Red Finance, Inc.
3.88%, 01/15/2028^(c)		3,853,000		3,777,625
Starbucks Corp.
4.50%, 05/15/2028		1,542,000		1,540,250
Total Restaurants				5,317,875

Retail - Consumer Discretionary (1.60%)
AutoNation, Inc.
4.45%, 01/15/2029		6,000,000		5,923,807
Gap, Inc.
3.63%, 10/01/2029^(c)		3,400,000		3,200,436
Victoria's Secret & Co.
4.63%, 07/15/2029^(c)		880,000		855,225
Total Retail - Consumer Discretionary				9,979,468

Semiconductors (1.68%)
Foundry JV Holdco LLC
5.50%, 01/25/2031^(c)		4,500,000		4,541,799
NVIDIA Corp.
4.25%, 06/15/2028		3,000,000		2,987,434
4.35%, 06/15/2029		3,000,000		2,971,567
Total Semiconductors				10,500,800

Software & Services (3.41%)
Accenture Capital, Inc.
4.75%, 07/10/2029		3,000,000		2,999,921
Booz Allen Hamilton, Inc.
5.38%, 01/30/2030		1,607,000		1,607,296
Crowdstrike Holdings, Inc.
3.00%, 02/15/2029		6,406,000		6,091,025
Leidos, Inc.
4.10%, 03/15/2029		1,645,000		1,613,159
Roper Technologies, Inc.
4.25%, 09/15/2028		3,000,000		2,971,907
Synopsys, Inc.
4.55%, 04/01/2027		3,000,000		3,004,008
4.65%, 04/01/2028		3,000,000		2,996,841
Total Software & Services				21,284,157

Supermarkets & Pharmacies (0.99%)
Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC
6.50%, 02/15/2028^(c)		6,124,000		6,166,060

Travel & Lodging (0.94%)
Carnival Corp., Ltd.
4.00%, 08/01/2028^(c)		1,515,000		1,484,718

	Principal Amount		Value (Note 2)
VOC Escrow, Ltd.
5.00%, 02/15/2028^(c)	$	3,000,000	$	2,992,022
Wyndham Hotels & Resorts, Inc.
4.38%, 08/15/2028^(c)		1,432,000		1,402,930
Total Travel & Lodging				5,879,670

Utilities (1.83%)
American Water Capital Corp.
4.63%, 06/01/2029		635,000		633,107
DTE Energy Co.
4.95%, 07/01/2027		2,000,000		2,008,061
National Rural Utilities Cooperative Finance Corp.
4.05%, 02/09/2029		3,000,000		2,953,642
PacifiCorp
4.65%, 04/15/2029		825,000		822,259
Sempra
5.40%, 08/01/2026		2,000,000		2,000,000
WEC Energy Group, Inc.
4.75%, 01/15/2028		3,000,000		3,007,827
Total Utilities				11,424,896

Waste & Environment Services & Equipment (0.50%)
GFL Environmental, Inc.
4.00%, 08/01/2028^(c)		3,195,000		3,118,073

Wireless Telecommunications Services (0.94%)
SoftBank Corp.
4.70%, 07/09/2030^(c)		860,000		842,467
T-Mobile USA, Inc.
4.80%, 07/15/2028		5,000,000		5,013,469
Total Wireless Telecommunications Services				5,855,936
TOTAL CORPORATE BONDS
(Cost $503,542,070)				501,650,862

	Principal Amount		Value (Note 2)
GOVERNMENT BONDS (17.26%)

U.S.Treasury Bonds (17.26%)
United States Treasury Bond
2.25%, 11/15/2027		8,795,000		8,581,137
United States Treasury Notes
3.38%, 11/30/2027		3,124,000		3,090,197
3.38%, 02/29/2028		39,548,000		39,032,022
3.50%, 01/31/2028		1,318,000		1,303,842
3.88%, 04/30/2031		7,576,000		7,401,249
3.88%, 05/15/2029		10,135,000		10,016,230
4.00%, 05/31/2028		13,292,000		13,230,992
4.13%, 10/31/2029		2,092,000		2,077,617
4.13%, 05/31/2031		8,157,000		8,051,851
4.13%, 06/15/2029		2,730,000		2,715,284

	Principal Amount		Value (Note 2)
4.13%, 06/30/2031	$	12,459,000	$	12,295,476
Total U.S.Treasury Bonds				107,795,897
TOTAL GOVERNMENT BONDS
(Cost $108,445,550)				107,795,897

	7-Day Yield			Shares		Value (Note 2)
SHORT TERM INVESTMENTS (0.49%)

Money Market Fund (0.49%)
Morgan Stanley Institutional Liquidity Funds - Government Portfolio		3.58	%		3,036,864		3,036,864

TOTAL SHORT TERM INVESTMENTS
(Cost $3,036,864)							3,036,864

TOTAL INVESTMENTS (99.15%)
(Cost $621,985,253)						$	619,323,996

Other Assets In Excess Of Liabilities (0.85%)							5,317,139

NET ASSETS (100.00%)						$	624,641,135

Investment Abbreviations:

SOFR - Secured Overnight Financing Rate

SOFRINDX - US SOFR Secured Overnight Financing Rate Compounded Index

TI – Treasury Index

Reference Rates:

1M US SOFR - 1 Month SOFR as of July 31, 2026 was 3.62%

30D US SOFR - 30 Day SOFR as of July 31, 2026 was 3.62%

1D US SOFR - 1 Day SOFR as of July 31, 2026 was 3.66%

1Y US TI - 1 Year US TI as of July 31, 2026 was 4.08%

^(a)

Floating or variable rate security. The reference rate is described above. The rate in effect as of July 31, 2026 is based on the reference rate plus the displayed spread as of the security's last reset date.

^(b)

Less than 0.005%

^(c)

^(d)

The SOFRINDX is a compounded average of the daily Secured Overnight Financing Rate determined by reference to the SOFR Index for any interest period.

See Notes to Quarterly Statement of Investments

	Principal Amount		Value (Note 2)
BANK LOANS (0.95%)

Aerospace & Defense (0.46%)
TransDigm, Inc.
1M US SOFR + 2.50%, 02/28/2031^(a)	$	15,798,166	$	15,836,634

Biotechnology (0.14%)
BioMarin Pharmaceutical, Inc.
3M US SOFR + 1.75%, 04/27/2033^(a)		4,900,000		4,900,931

Casinos & Gaming (0.23%)
Caesars Entertainment, Inc.
1M US SOFR + 2.25%, 02/06/2031^(a)		8,277,286		7,908,243

Pharmaceuticals (0.12%)
Amneal Pharmaceuticals LLC
1M US SOFR + 3.00%, 08/02/2032^(a)		4,338,145		4,357,797

TOTAL BANK LOANS
(Cost $33,415,570)				33,003,605

	Principal Amount		Value (Note 2)
COLLATERALIZED MORTGAGE OBLIGATIONS (7.00%)

Fannie Mae
Series 1997-76, Class FO,
30D US SOFR + 0.61%, 09/17/2027^(a)		1,046		1,046
Series 1999-58, Class F,
30D US SOFR + 0.51%, 11/18/2029^(a)		11,615		11,607
Series 2000-40, Class FA,
30D US SOFR + 0.61%, 07/25/2030^(a)		4,516		4,519
Series 2000-45, Class F,
30D US SOFR + 0.56%, 12/25/2030^(a)		1,889		1,888
Series 2001-27, Class F,
30D US SOFR + 0.61%, 06/25/2031^(a)		1,544		1,545
Series 2001-29, Class Z,
6.500%, 07/25/2031		22,063		22,404
Series 2001-52, Class XZ,
6.500%, 10/25/2031		9,347		9,583
Series 2001-59, Class F,
30D US SOFR + 0.71%, 11/25/2031^(a)		43,825		43,940
Series 2001-60, Class OF,
30D US SOFR + 1.06%, 10/25/2031^(a)		68,153		68,783

	Principal Amount		Value (Note 2)
Series 2001-63, Class FD,
30D US SOFR + 0.71%, 12/18/2031^(a)	$	3,021	$	3,025
Series 2001-63, Class TC,
6.000%, 12/25/2031		8,334		8,465
Series 2001-68, Class PH,
6.000%, 12/25/2031		6,668		6,771
Series 2001-71, Class FE,
30D US SOFR + 0.76%, 11/25/2031^(a)		30,737		30,846
Series 2001-71, Class FS,
30D US SOFR + 0.71%, 11/25/2031^(a)		25,136		25,202
Series 2001-81, Class GE,
6.000%, 01/25/2032		5,680		5,791
Series 2002-11, Class JF,
30D US SOFR + 0.84%, 03/25/2032^(a)		19,175		19,276
Series 2002-12, Class FH,
30D US SOFR + 1.16%, 01/25/2032^(a)		22,169		22,410
Series 2002-13, Class FE,
30D US SOFR + 1.01%, 03/25/2032^(a)		11,595		11,648
Series 2002-16, Class TM,
7.000%, 04/25/2032		4,741		4,847
Series 2002-17, Class JF,
30D US SOFR + 1.11%, 04/25/2032^(a)		10,549		10,664
Series 2002-18, Class FD,
30D US SOFR + 0.91%, 02/25/2032^(a)		20,097		20,232
Series 2002-23, Class FA,
30D US SOFR + 1.01%, 04/25/2032^(a)		16,259		16,401
Series 2002-34, Class EO,
–%, 05/18/2032^(b)		3,188		3,131
Series 2002-36, Class FS,
30D US SOFR + 0.61%, 06/25/2032^(a)		866		866
Series 2002-44, Class FJ,
30D US SOFR + 1.11%, 04/25/2032^(a)		30,774		31,112
Series 2002-47, Class FC,
30D US SOFR + 0.71%, 11/25/2031^(a)		5,862		5,877
Series 2002-48, Class F,
30D US SOFR + 1.11%, 07/25/2032^(a)		16,867		17,054
Series 2002-49, Class FC,
30D US SOFR + 1.11%, 11/18/2031^(a)		16,538		16,699
Series 2002-60, Class FV,
30D US SOFR + 1.11%, 04/25/2032^(a)		39,155		39,583
Series 2002-63, Class EZ,
6.000%, 10/25/2032		4,330		4,407

	Principal Amount		Value (Note 2)
Series 2002-64, Class PG,
5.500%, 10/25/2032	$	23,337	$	23,608
Series 2002-68, Class AF,
30D US SOFR + 1.11%, 10/25/2032^(a)		7,431		7,514
Series 2002-7, Class FC,
30D US SOFR + 0.86%, 01/25/2032^(a)		23,815		23,947
Series 2002-71, Class AQ,
4.000%, 11/25/2032		8,380		8,288
Series 2002-8, Class FA,
30D US SOFR + 0.86%, 03/18/2032^(a)		12,194		12,261
Series 2002-80, Class CZ,
4.500%, 09/25/2032		116,237		110,780
Series 2002-9, Class FW,
30D US SOFR + 0.66%, 03/25/2032^(a)		6,088		6,098
Series 2002-91, Class F,
30D US SOFR + 0.66%, 01/25/2033^(a)		8,848		8,860
Series 2003-107, Class FD,
30D US SOFR + 0.61%, 11/25/2033^(a)		6,182		6,180
Series 2003-110, Class CK,
3.000%, 11/25/2033		8,499		8,303
Series 2003-116, Class FA,
30D US SOFR + 0.51%, 11/25/2033^(a)		11,201		11,186
Series 2003-119, Class FH,
30D US SOFR + 0.61%, 12/25/2033^(a)		19,221		19,215
Series 2003-119, Class ZP,
4.000%, 12/25/2033		31,290		30,135
Series 2003-128, Class MF,
30D US SOFR + 0.71%, 01/25/2034^(a)		25,844		25,912
Series 2003-131, Class CH,
5.500%, 01/25/2034		43,116		43,583
Series 2003-134, Class FC,
30D US SOFR + 0.71%, 12/25/2032^(a)		13,694		13,730
Series 2003-19, Class MB,
4.000%, 05/25/2031		14,224		13,840
Series 2003-21, Class OG,
4.000%, 01/25/2033		75		75
Series 2003-22, Class BZ,
6.000%, 04/25/2033		15,625		15,863
Series 2003-27, Class EK,
5.000%, 04/25/2033		11,512		11,559
Series 2003-30, Class JQ,
5.500%, 04/25/2033		12,426		12,502
Series 2003-32, Class UJ,
5.500%, 05/25/2033		21,582		22,022
Series 2003-41, Class OB,
4.000%, 05/25/2033		79,400		76,285

	Principal Amount		Value (Note 2)
Series 2003-41, Class OZ,
3.750%, 05/25/2033	$	124,150	$	117,144
Series 2003-42, Class JH,
5.500%, 05/25/2033		30,808		31,211
Series 2003-46, Class PJ,
5.500%, 06/25/2033		18,198		18,548
Series 2003-47, Class PE,
5.750%, 06/25/2033		20,926		21,388
Series 2003-64, Class JK,
3.500%, 07/25/2033		20,434		19,758
Series 2003-64, Class ZC,
5.000%, 07/25/2033		13,062		13,074
Series 2003-71, Class HD,
5.500%, 08/25/2033		43,843		44,274
Series 2003-76, Class EZ,
5.000%, 08/25/2033		65,774		65,736
Series 2004-10, Class ZB,
6.000%, 02/25/2034		95,053		96,948
Series 2004-101, Class TB,
5.500%, 01/25/2035		54,581		55,320
Series 2004-14, Class QB,
5.250%, 03/25/2034		87,125		87,639
Series 2004-17, Class BA,
6.000%, 04/25/2034		118,388		119,026
Series 2004-17, Class DZ,
5.500%, 04/25/2034		4,660		4,697
Series 2004-36, Class CB,
5.000%, 05/25/2034		40,793		40,978
Series 2004-36, Class FA,
30D US SOFR + 0.51%, 05/25/2034^(a)		11,070		11,038
Series 2004-53, Class FC,
30D US SOFR + 0.56%, 07/25/2034^(a)		96,268		96,125
Series 2004-54, Class FL,
30D US SOFR + 0.51%, 07/25/2034^(a)		41,478		41,420
Series 2004-60, Class AC,
5.500%, 04/25/2034		5,084		5,071
Series 2004-68, Class LC,
5.000%, 09/25/2029		10,203		10,217
Series 2004-77, Class AY,
4.500%, 10/25/2034		8,709		8,586
Series 2004-82, Class HK,
5.500%, 11/25/2034		23,967		24,548
Series 2004-92, Class TB,
5.500%, 12/25/2034		40,987		41,501
Series 2005-110, Class MP,
5.500%, 12/25/2035		5,910		5,966
Series 2005-120, Class FE,
30D US SOFR + 0.63%, 01/25/2036^(a)		11,472		11,446
Series 2005-122, Class PY,
6.000%, 01/25/2036		139,075		142,605
Series 2005-17, Class EX,
5.250%, 03/25/2035		13,985		13,929

	Principal Amount		Value (Note 2)
Series 2005-29, Class ZA,
5.500%, 04/25/2035	$	721,563	$	731,522
Series 2005-3, Class CH,
5.250%, 02/25/2035		46,218		46,371
Series 2005-35, Class DZ,
5.000%, 04/25/2035		67,812		68,069
Series 2005-48, Class TD,
5.500%, 06/25/2035		64,233		64,916
Series 2005-52, Class FE,
30D US SOFR + 1.91%, 05/25/2035^(a)		50,266		50,530
Series 2005-62, Class GZ,
5.750%, 07/25/2035		232,579		237,983
Series 2005-64, Class PL,
5.500%, 07/25/2035		25,077		25,377
Series 2005-68, Class BE,
5.250%, 08/25/2035		28,313		28,531
Series 2005-68, Class CZ,
5.500%, 08/25/2035		155,641		157,653
Series 2005-68, Class PG,
5.500%, 08/25/2035		10,861		10,985
Series 2005-69, Class GZ,
4.500%, 08/25/2035		4,331		4,220
Series 2005-7, Class MZ,
4.750%, 02/25/2035		7,334		7,207
Series 2005-70, Class KP,
5.000%, 06/25/2035		27,291		26,963
Series 2005-70, Class NA,
5.500%, 08/25/2035		5,129		5,183
Series 2005-72, Class FB,
30D US SOFR + 0.36%, 08/25/2035^(a)		4,023		3,994
Series 2005-79, Class DB,
5.500%, 09/25/2035		45,814		46,796
Series 2005-84, Class XM,
5.750%, 10/25/2035		22,199		22,517
Series 2005-89, Class F,
30D US SOFR + 0.41%, 10/25/2035^(a)		9,248		9,193
Series 2005-99, Class AC,
5.500%, 12/25/2035		541,000		534,886
Series 2005-99, Class ZA,
5.500%, 12/25/2035		122,883		122,803
Series 2006-112, Class QC,
5.500%, 11/25/2036		11,195		11,314
Series 2006-114, Class HE,
5.500%, 12/25/2036		53,232		53,816
Series 2006-115, Class EF,
30D US SOFR + 0.47%, 12/25/2036^(a)		8,870		8,802
Series 2006-16, Class HZ,
5.500%, 03/25/2036		160,938		163,076
Series 2006-39, Class EF,
30D US SOFR + 0.51%, 05/25/2036^(a)		8,550		8,503

	Principal Amount		Value (Note 2)
Series 2006-46, Class UD,
5.500%, 06/25/2036	$	19,884	$	20,200
Series 2006-48, Class DZ,
6.000%, 06/25/2036		197,344		199,898
Series 2006-48, Class TF,
30D US SOFR + 0.51%, 06/25/2036^(a)		23,806		23,654
Series 2006-56, Class F,
30D US SOFR + 0.41%, 07/25/2036^(a)		5,455		5,430
Series 2006-62, Class FX,
30D US SOFR + 1.86%, 07/25/2036^(a)		110,731		109,245
Series 2006-63, Class QH,
5.500%, 07/25/2036		19,476		19,698
Series 2006-70, Class AF,
30D US SOFR + 0.51%, 08/25/2036^(a)		51,072		50,807
Series 2006-71, Class ZH,
6.000%, 07/25/2036		23,302		23,956
Series 2006-95, Class FH,
30D US SOFR + 0.56%, 10/25/2036^(a)		46,204		45,971
Series 2007-100, Class YF,
30D US SOFR + 0.66%, 10/25/2037^(a)		10,016		9,992
Series 2007-109, Class GF,
30D US SOFR + 0.79%, 12/25/2037^(a)		28,694		28,880
Series 2007-111, Class FC,
30D US SOFR + 0.71%, 12/25/2037^(a)		17,493		17,500
Series 2007-117, Class FM,
30D US SOFR + 0.81%, 01/25/2038^(a)		108,988		109,318
Series 2007-12, Class BZ,
6.000%, 03/25/2037		282,602		280,401
Series 2007-12, Class ZA,
6.000%, 03/25/2037		85,684		85,434
Series 2007-14, Class GZ,
5.500%, 03/25/2037		95,150		96,547
Series 2007-18, Class MZ,
6.000%, 03/25/2037		109,487		112,770
Series 2007-22, Class FC,
30D US SOFR + 0.53%, 03/25/2037^(a)		14,265		14,152
Series 2007-26, Class ZB,
5.500%, 04/25/2037		144,701		147,096
Series 2007-30, Class MB,
4.250%, 04/25/2037		29,919		29,602
Series 2007-33, Class HE,
5.500%, 04/25/2037		25,410		25,783
Series 2007-34, Class F,
30D US SOFR + 0.50%, 04/25/2037^(a)		14,287		14,176

	Principal Amount		Value (Note 2)
Series 2007-41, Class FA,
30D US SOFR + 0.51%, 05/25/2037^(a)	$	2,027	$	2,014
Series 2007-51, Class CP,
5.500%, 06/25/2037		14,010		14,041
Series 2007-51, Class PB,
5.500%, 06/25/2037		11,164		10,944
Series 2007-55, Class PH,
6.000%, 06/25/2047		211,138		218,332
Series 2007-57, Class FA,
30D US SOFR + 0.34%, 06/25/2037^(a)		11,011		10,924
Series 2007-6, Class FC,
30D US SOFR + 0.53%, 02/25/2037^(a)		27,843		27,632
Series 2007-63, Class FC,
30D US SOFR + 0.46%, 07/25/2037^(a)		11,761		11,652
Series 2007-63, Class VZ,
5.500%, 07/25/2037		111,661		113,346
Series 2007-65, Class KF,
30D US SOFR + 0.49%, 07/25/2037^(a)		37,558		37,249
Series 2007-65, Class ZE,
5.500%, 07/25/2037		467,362		474,424
Series 2007-70, Class FA,
30D US SOFR + 0.46%, 07/25/2037^(a)		16,332		16,194
Series 2007-77, Class JE,
6.000%, 08/25/2037		232,530		239,267
Series 2007-85, Class FC,
30D US SOFR + 0.65%, 09/25/2037^(a)		56,697		56,634
Series 2007-85, Class FL,
30D US SOFR + 0.65%, 09/25/2037^(a)		17,466		17,422
Series 2007-86, Class FA,
30D US SOFR + 0.56%, 09/25/2037^(a)		16,374		16,307
Series 2007-9, Class FB,
30D US SOFR + 0.46%, 03/25/2037^(a)		15,239		15,097
Series 2008-18, Class FA,
30D US SOFR + 1.01%, 03/25/2038^(a)		101,886		102,831
Series 2008-24, Class WD,
5.500%, 02/25/2038		128,039		126,634
Series 2008-25, Class EF,
30D US SOFR + 1.06%, 04/25/2038^(a)		24,811		25,099
Series 2008-27, Class B,
5.500%, 04/25/2038		447,963		458,636
Series 2008-46, Class LA,
5.500%, 06/25/2038		8,262		8,381
Series 2008-66, Class FT,
30D US SOFR + 1.06%, 08/25/2038^(a)		14,424		14,585

	Principal Amount		Value (Note 2)
Series 2008-86, Class FC,
30D US SOFR + 1.21%, 12/25/2038^(a)	$	98,942	$	100,312
Series 2009-103, Class FM,
30D US SOFR + 0.81%, 11/25/2039^(a)		18,702		18,739
Series 2009-104, Class FA,
30D US SOFR + 0.91%, 12/25/2039^(a)		25,916		26,089
Series 2009-11, Class MP,
7.000%, 03/25/2049		77,832		82,189
Series 2009-110, Class FG,
30D US SOFR + 0.86%, 01/25/2040^(a)		41,666		41,815
Series 2009-111, Class CY,
5.000%, 03/25/2038		94,954		94,822
Series 2009-12, Class LA,
14.020%, 03/25/2039^(a)		208,949		239,557
Series 2009-12, Class LD,
16.310%, 03/25/2039^(a)		271,687		354,041
Series 2009-19, Class ZA,
6.500%, 04/25/2039		303,167		311,739
Series 2009-36, Class MX,
5.000%, 06/25/2039		58,000		58,082
Series 2009-39, Class Z,
6.000%, 06/25/2039		1,593,580		1,641,033
Series 2009-42, Class TZ,
4.500%, 03/25/2039		147,737		140,023
Series 2009-47, Class BN,
4.500%, 07/25/2039		18,483		18,196
Series 2009-62, Class WA,
5.600%, 08/25/2039^(a)		37,110		37,202
Series 2009-68, Class FD,
30D US SOFR + 1.36%, 09/25/2039^(a)		33,675		34,416
Series 2009-70, Class CO,
–%, 01/25/2037^(b)		48,673		39,364
Series 2009-70, Class FA,
30D US SOFR + 1.31%, 09/25/2039^(a)		18,357		18,750
Series 2009-86, Class OT,
–%, 10/25/2037^(b)		17,931		15,247
Series 2009-87, Class FG,
30D US SOFR + 0.86%, 11/25/2039^(a)		21,082		21,132
Series 2009-90, Class UZ,
4.500%, 11/25/2039		623,951		593,403
Series 2010-1, Class EL,
4.500%, 02/25/2040		206,402		201,109
Series 2010-1, Class WA,
6.300%, 02/25/2040^(a)		7,192		7,229
Series 2010-102, Class B,
4.500%, 07/25/2040		183,143		178,037
Series 2010-102, Class HA,
4.000%, 09/25/2050		48,191		44,862
Series 2010-103, Class DZ,
4.500%, 09/25/2040		249,368		243,609

	Principal Amount		Value (Note 2)
Series 2010-103, Class PJ,
4.500%, 09/25/2040	$	20,536	$	20,002
Series 2010-111, Class FC,
30D US SOFR + 0.63%, 10/25/2040^(a)		30,050		29,925
Series 2010-118, Class LZ,
4.750%, 10/25/2040		28,623		28,084
Series 2010-122, Class JA,
7.000%, 07/25/2040		10,605		10,695
Series 2010-123, Class FL,
30D US SOFR + 0.54%, 11/25/2040^(a)		9,784		9,730
Series 2010-123, Class KU,
4.500%, 11/25/2040		163,486		157,824
Series 2010-129, Class PZ,
4.500%, 11/25/2040		39,156		36,348
Series 2010-130, Class BZ,
4.500%, 11/25/2040		835,322		810,745
Series 2010-14, Class FJ,
30D US SOFR + 0.71%, 03/25/2040^(a)		23,524		23,527
Series 2010-141, Class AL,
4.000%, 12/25/2040		235,114		225,250
Series 2010-141, Class FB,
30D US SOFR + 0.58%, 12/25/2040^(a)		28,821		28,651
Series 2010-141, Class LZ,
4.500%, 12/25/2040		788,015		748,918
Series 2010-141, Class MN,
4.000%, 12/25/2040		90,000		85,382
Series 2010-142, Class FM,
30D US SOFR + 0.58%, 12/25/2040^(a)		9,601		9,541
Series 2010-154, Class JA,
3.000%, 11/25/2040		192,193		183,243
Series 2010-16, Class PL,
5.000%, 03/25/2040		71,000		70,945
Series 2010-19, Class PY,
5.000%, 03/25/2040		199,488		198,102
Series 2010-33, Class KN,
4.500%, 03/25/2040		7,998		7,969
Series 2010-37, Class CY,
5.000%, 04/25/2040		20,119		20,077
Series 2010-39, Class EF,
30D US SOFR + 0.63%, 06/25/2037^(a)		21,413		21,378
Series 2010-45, Class WD,
5.000%, 05/25/2040		180,000		179,792
Series 2010-54, Class LX,
5.000%, 06/25/2040		245,823		239,872
Series 2010-58, Class FY,
30D US SOFR + 0.84%, 06/25/2040^(a)		31,391		31,487
Series 2010-64, Class DM,
5.000%, 06/25/2040		12,883		12,892
Series 2010-67, Class BD,
4.500%, 06/25/2040		420,114		414,090

	Principal Amount		Value (Note 2)
Series 2010-68, Class WB,
4.500%, 07/25/2040	$	85,000	$	82,432
Series 2010-82, Class WZ,
5.000%, 08/25/2040		165,437		165,036
Series 2010-9, Class ME,
5.000%, 02/25/2040		599,263		595,816
Series 2011-114, Class B,
3.500%, 11/25/2041		111,955		104,434
Series 2011-118, Class KL,
3.250%, 07/25/2040		35,130		34,567
Series 2011-121, Class JP,
4.500%, 12/25/2041		83,205		80,302
Series 2011-128, Class KB,
4.500%, 12/25/2041		800,000		776,085
Series 2011-130, Class KB,
4.000%, 12/25/2041		25,256		23,477
Series 2011-132, Class PE,
4.500%, 12/25/2041		96,600		93,749
Series 2011-145, Class JA,
4.500%, 12/25/2041		4,114		4,071
Series 2011-148, Class PL,
4.000%, 01/25/2042		425,000		402,127
Series 2011-15, Class AF,
30D US SOFR + 0.62%, 03/25/2041^(a)		18,935		18,863
Series 2011-17, Class PD,
4.000%, 03/25/2041		3,140		3,051
Series 2011-26, Class PA,
4.500%, 04/25/2041		59,232		58,692
Series 2011-27, Class ZD,
2.500%, 09/25/2040		178,923		167,106
Series 2011-3, Class FA,
30D US SOFR + 0.79%, 02/25/2041^(a)		101,904		101,996
Series 2011-30, Class ZA,
5.000%, 04/25/2041		727,984		725,152
Series 2011-43, Class B,
3.500%, 05/25/2031		8,910		8,680
Series 2011-45, Class ZA,
4.000%, 05/25/2031		7,696		7,578
Series 2011-47, Class GF,
30D US SOFR + 0.68%, 06/25/2041^(a)		60,277		60,205
Series 2011-5, Class PO,
–%, 09/25/2040^(b)		6,102		4,496
Series 2011-55, Class BZ,
3.500%, 06/25/2041		307,561		287,313
Series 2011-74, Class UB,
4.000%, 07/25/2040		117,604		107,438
Series 2011-86, Class AF,
30D US SOFR + 0.61%, 02/25/2040^(a)		10,814		10,802
Series 2011-86, Class NF,
30D US SOFR + 0.66%, 09/25/2041^(a)		54,183		54,082

	Principal Amount		Value (Note 2)
Series 2011-93, Class GA,
4.000%, 04/25/2039	$	4,332	$	4,272
Series 2011-93, Class ST,
4.000%, 09/25/2041		13,204		12,765
Series 2012-100, Class DB,
3.000%, 09/25/2042		670,404		596,574
Series 2012-103, Class PY,
3.000%, 09/25/2042		180,000		154,492
Series 2012-106, Class QN,
3.500%, 10/25/2042		46,723		42,817
Series 2012-108, Class PL,
3.000%, 10/25/2042		455,514		405,106
Series 2012-110, Class JB,
2.500%, 10/25/2042		204,000		152,261
Series 2012-111, Class B,
7.000%, 10/25/2042		51,680		54,564
Series 2012-112, Class DA,
3.000%, 10/25/2042		129,384		116,536
Series 2012-115, Class DY,
2.500%, 10/25/2042		225,000		174,580
Series 2012-125, Class GY,
2.000%, 11/25/2042		621,000		502,350
Series 2012-126, Class TA,
3.000%, 10/25/2042		121,169		109,520
Series 2012-128, Class NP,
2.500%, 11/25/2042		8,142		5,383
Series 2012-129, Class HT,
2.000%, 12/25/2032		28,713		25,832
Series 2012-13, Class JP,
4.500%, 02/25/2042		183,722		178,038
Series 2012-131, Class FG,
30D US SOFR + 0.46%, 09/25/2042^(a)		30,639		30,283
Series 2012-139, Class CY,
2.000%, 12/25/2042		235,000		177,140
Series 2012-139, Class GB,
2.500%, 12/25/2042		210,538		142,170
Series 2012-141, Class PD,
1.750%, 10/25/2041		45,263		42,985
Series 2012-149, Class DA,
1.750%, 01/25/2043		11,743		10,785
Series 2012-149, Class KB,
3.000%, 01/25/2043		59,256		56,406
Series 2012-149, Class ZA,
3.000%, 01/25/2041		30,993		30,533
Series 2012-151, Class NX,
1.500%, 01/25/2043		240,415		205,622
Series 2012-151, Class WC,
2.500%, 01/25/2043		249,000		182,303
Series 2012-152, Class PB,
3.500%, 01/25/2043		29,366		28,202
Series 2012-153, Class B,
7.000%, 07/25/2042		17,619		18,834
Series 2012-17, Class JA,
3.500%, 12/25/2041		220,067		205,434

	Principal Amount		Value (Note 2)
Series 2012-17, Class JB,
3.500%, 03/25/2042	$	200,000	$	165,260
Series 2012-19, Class CB,
3.500%, 03/25/2042		177,986		165,945
Series 2012-20, Class TD,
4.500%, 02/25/2042		7,780		7,757
Series 2012-26, Class MA,
3.500%, 03/25/2042		93,451		86,857
Series 2012-27, Class KB,
2.000%, 03/25/2042		150,407		118,456
Series 2012-33, Class F,
30D US SOFR + 0.63%, 04/25/2042^(a)		19,589		19,477
Series 2012-37, Class BF,
30D US SOFR + 0.61%, 12/25/2035^(a)		30,836		30,738
Series 2012-38, Class MC,
3.000%, 04/25/2042		147,000		122,213
Series 2012-46, Class YB,
3.500%, 05/25/2042		59,804		55,555
Series 2012-47, Class HF,
30D US SOFR + 0.51%, 05/25/2027^(a)		767		767
Series 2012-47, Class JM,
3.500%, 05/25/2042		140,340		123,403
Series 2012-50, Class HC,
2.000%, 03/25/2042		68,680		64,125
Series 2012-51, Class HJ,
3.500%, 05/25/2042		364,384		310,990
Series 2012-51, Class ZX,
3.500%, 05/25/2042		2,218,857		1,733,035
Series 2012-52, Class BM,
4.500%, 01/25/2042		271,671		269,829
Series 2012-56, Class UB,
4.000%, 06/25/2042		400,273		371,418
Series 2012-56, Class WB,
3.500%, 05/25/2042		50,104		47,363
Series 2012-69, Class PL,
3.000%, 01/25/2042		43,031		42,293
Series 2012-70, Class WC,
3.000%, 07/25/2042		172,000		141,272
Series 2012-80, Class GZ,
3.000%, 08/25/2042		312,249		282,533
Series 2012-82, Class E,
2.000%, 04/25/2042		11,823		11,349
Series 2012-83, Class AC,
3.000%, 08/25/2042		85,000		75,373
Series 2012-90, Class PB,
2.500%, 01/25/2042		185,582		178,013
Series 2012-90, Class PH,
3.000%, 01/25/2042		41,241		39,469
Series 2012-93, Class TL,
3.000%, 09/25/2042		420,000		344,990
Series 2012-98, Class ZP,
6.000%, 09/25/2042		805,008		827,563

	Principal Amount		Value (Note 2)
Series 2012-99, Class DC,
2.000%, 08/25/2041	$	66,197	$	62,888
Series 2013-104, Class CY,
5.000%, 10/25/2043		50,000		49,686
Series 2013-108, Class GU,
3.000%, 10/25/2033		21,975		20,935
Series 2013-114, Class LM,
4.000%, 03/25/2042		168,468		160,945
Series 2013-130, Class FB,
30D US SOFR + 0.56%, 01/25/2044^(a)		23,978		23,737
Series 2013-136, Class QB,
3.500%, 03/25/2042		127,417		118,426
Series 2013-17, Class YM,
4.000%, 03/25/2033		6,418		6,289
Series 2013-2, Class QF,
30D US SOFR + 0.61%, 02/25/2043^(a)		8,105		8,074
Series 2013-20, Class CA,
2.500%, 01/25/2043		140,726		124,208
Series 2013-35, Class CV,
3.000%, 02/25/2043		191,109		183,959
Series 2013-4, Class PL,
2.000%, 02/25/2043		120,000		89,410
Series 2013-52, Class GM,
5.000%, 06/25/2043		89,000		83,714
Series 2013-68, Class LE,
2.000%, 04/25/2043		52,647		48,322
Series 2013-68, Class P,
3.500%, 10/25/2042		63,025		60,808
Series 2013-70, Class CE,
2.500%, 01/25/2043		112,004		104,432
Series 2013-72, Class YA,
3.000%, 06/25/2033		2,612		2,421
Series 2013-81, Class YK,
4.000%, 08/25/2043		200,000		185,255
Series 2013-9, Class BC,
6.500%, 07/25/2042		148,144		155,790
Series 2013-9, Class CB,
5.500%, 04/25/2042		292,939		297,221
Series 2013-91, Class PB,
4.000%, 09/25/2043		140,000		126,797
Series 2014-10, Class BA,
5.340%, 03/25/2054^(a)		183,391		184,864
Series 2014-20, Class AC,
3.000%, 08/25/2036		299		296
Series 2014-21, Class MA,
2.000%, 09/25/2041		29,427		28,443
Series 2014-23, Class A,
3.000%, 05/25/2044		586,078		525,031
Series 2014-23, Class Z,
3.500%, 05/25/2044		374,873		344,280
Series 2014-26, Class YW,
3.500%, 04/25/2044		50,538		48,865
Series 2014-3, Class BM,
2.500%, 06/25/2043		32,169		30,120

	Principal Amount		Value (Note 2)
Series 2014-43, Class PZ,
3.000%, 07/25/2043	$	249,037	$	206,353
Series 2014-49, Class CA,
3.000%, 08/25/2044		44,659		43,028
Series 2014-52, Class LM,
3.500%, 09/25/2044		1,089,776		954,454
Series 2014-63, Class LN,
3.000%, 10/25/2044		125,000		97,930
Series 2014-73, Class FA,
30D US SOFR + 0.46%, 11/25/2044^(a)		9,590		9,443
Series 2014-80, Class DZ,
3.000%, 12/25/2044		2,771,513		2,486,448
Series 2014-81, Class GC,
3.000%, 03/25/2038		6,186		6,137
Series 2014-86, Class PA,
2.000%, 12/25/2044		630,679		550,174
Series 2014-88, Class ER,
2.500%, 02/25/2036		9,419		9,110
Series 2015-16, Class ZY,
2.500%, 04/25/2045		11,233,052		9,616,568
Series 2015-2, Class CD,
3.500%, 02/25/2045		162,467		133,788
Series 2015-51, Class CD,
3.000%, 07/25/2044		54,868		53,121
Series 2015-53, Class KB,
3.000%, 01/25/2045		597,756		537,672
Series 2015-56, Class MH,
3.500%, 08/25/2045		823,092		742,454
Series 2015-65, Class CZ,
3.500%, 09/25/2045		146,452		126,469
Series 2015-75, Class LB,
3.000%, 10/25/2045		125,000		91,884
Series 2015-96, Class EA,
3.000%, 12/25/2026		13,370		13,320
Series 2016-14, Class NC,
2.500%, 03/25/2046		55,316		52,668
Series 2016-2, Class BH,
2.700%, 07/25/2045		134,563		123,980
Series 2016-23, Class PL,
3.000%, 11/25/2045		298,685		248,997
Series 2016-27, Class HK,
3.000%, 01/25/2041		167,235		158,370
Series 2016-31, Class TM,
3.000%, 12/25/2045		360,000		320,682
Series 2016-33, Class JA,
3.000%, 07/25/2045		92,807		86,849
Series 2016-33, Class LE,
2.500%, 11/25/2033		22,116		20,804
Series 2016-48, Class UF,
30D US SOFR + 0.51%, 08/25/2046^(a)		38,909		38,677
Series 2016-52, Class MZ,
3.000%, 08/25/2046		269,871		204,071
Series 2016-55, Class EA,
1.750%, 07/25/2043		668,119		568,955

	Principal Amount		Value (Note 2)
Series 2016-57, Class PC,
1.750%, 06/25/2046	$	178,549	$	150,977
Series 2016-75, Class FC,
30D US SOFR + 0.51%, 10/25/2046^(a)		20,490		20,365
Series 2016-8, Class CB,
3.500%, 03/25/2046		735,831		682,473
Series 2016-83, Class KL,
2.500%, 11/25/2046		132,398		88,803
Series 2016-85, Class BA,
2.500%, 11/25/2046		5,543		3,702
Series 2016-9, Class D,
3.000%, 03/25/2046		23,002		20,747
Series 2016-9, Class PA,
2.500%, 06/25/2045		107,277		100,498
Series 2017-1, Class JP,
3.500%, 04/25/2045		44,590		43,977
Series 2017-10, Class FA,
30D US SOFR + 0.51%, 03/25/2047^(a)		16,176		16,046
Series 2017-100, Class ZE,
3.500%, 12/25/2047		112,153		100,260
Series 2017-110, Class PB,
3.000%, 02/25/2057		140,000		102,587
Series 2017-15, Class PE,
3.500%, 04/25/2046		30,764		29,276
Series 2017-19, Class B,
3.000%, 01/25/2047		167,167		151,242
Series 2017-25, Class QE,
2.500%, 04/25/2047		120,532		101,376
Series 2017-35, Class AH,
3.500%, 04/25/2053		1,877		1,870
Series 2017-38, Class JA,
3.000%, 03/25/2047		95,775		85,210
Series 2017-46, Class P,
3.500%, 06/25/2047		2,090,126		1,876,375
Series 2017-56, Class BA,
3.000%, 03/25/2045		46,656		45,020
Series 2017-56, Class BY,
3.000%, 07/25/2047		128,765		105,390
Series 2017-68, Class HQ,
3.000%, 07/25/2046		585,064		541,936
Series 2017-84, Class JP,
2.750%, 10/25/2047		101,319		87,882
Series 2017-90, Class WB,
3.000%, 11/25/2047		1,119,992		888,794
Series 2017-96, Class PA,
3.000%, 12/25/2054		70,819		68,576
Series 2017-99, Class DZ,
3.500%, 12/25/2047		114,249		102,245
Series 2018-15, Class KG,
2.500%, 01/25/2048		74,067		62,447
Series 2018-19, Class KB,
3.000%, 04/25/2046		14,366		14,133
Series 2018-2, Class HD,
3.000%, 02/25/2047		8,869		8,693

	Principal Amount		Value (Note 2)
Series 2018-25, Class AL,
3.500%, 04/25/2048	$	187,296	$	166,202
Series 2018-38, Class PA,
3.500%, 06/25/2047		40,449		39,260
Series 2018-39, Class FG,
30D US SOFR + 0.36%, 11/25/2033^(a)		52,937		52,453
Series 2018-41, Class PZ,
4.000%, 06/25/2048		1,082,143		875,479
Series 2018-43, Class FE,
30D US SOFR + 0.36%, 09/25/2038^(a)		59,273		58,552
Series 2018-45, Class GA,
3.000%, 06/25/2048		28,101		24,614
Series 2018-5, Class JP,
3.000%, 09/25/2047		29,818		27,779
Series 2018-50, Class DY,
3.000%, 10/25/2047		369,689		335,123
Series 2018-56, Class CH,
3.000%, 08/25/2048		23,380		20,485
Series 2018-6, Class PA,
3.000%, 02/25/2048		140,134		123,036
Series 2018-60, Class KL,
4.000%, 08/25/2048		96,000		82,871
Series 2018-67, Class DY,
4.000%, 09/25/2048		304,029		265,578
Series 2018-70, Class HB,
3.500%, 10/25/2058		314,994		269,359
Series 2018-74, Class AB,
3.500%, 10/25/2048		246,162		224,478
Series 2018-8, Class KL,
2.500%, 03/25/2047		203,243		182,556
Series 2018-83, Class AC,
3.500%, 11/25/2048		118,101		104,001
Series 2018-83, Class LH,
4.000%, 11/25/2048		14,770		13,693
Series 2018-9, Class PL,
3.500%, 02/25/2048		395,045		356,995
Series 2018-94, Class KD,
3.500%, 12/25/2048		37,578		33,536
Series 2018-94, Class KZ,
4.500%, 01/25/2049		215,089		154,979
Series 2019-10, Class MA,
3.000%, 03/25/2049		56,326		49,245
Series 2019-11, Class EA,
3.000%, 05/25/2048		149,413		139,575
Series 2019-12, Class HA,
3.500%, 11/25/2057		194,004		183,854
Series 2019-13, Class MH,
3.000%, 03/25/2049		254,906		228,304
Series 2019-34, Class PZ,
3.000%, 07/25/2049		124,718		60,642
Series 2019-45, Class PT,
3.000%, 08/25/2049		176,297		157,207
Series 2019-50, Class CZ,
2.750%, 09/25/2049		188,836		81,597

	Principal Amount		Value (Note 2)
Series 2019-55, Class MQ,
3.500%, 10/25/2049	$	492,314	$	439,314
Series 2019-60, Class BF,
30D US SOFR + 0.56%, 10/25/2049^(a)		10,097		9,942
Series 2019-65, Class HA,
2.500%, 11/25/2049		348,847		292,720
Series 2019-75, Class PA,
3.000%, 10/25/2049		387,817		341,396
Series 2019-81, Class LB,
1.500%, 12/25/2049		392,691		317,827
Series 2019-82, Class HZ,
3.000%, 01/25/2050		354,522		295,627
Series 2020-10, Class B,
3.000%, 03/25/2050		192,875		161,645
Series 2020-11, Class JW,
3.000%, 03/25/2050		237,000		175,810
Series 2020-36, Class GD,
2.000%, 12/25/2037		87,042		79,030
Series 2020-45, Class NB,
1.500%, 07/25/2050		259,992		105,898
Series 2020-47, Class GZ,
2.000%, 07/25/2050		225,853		134,959
Series 2020-73, Class ED,
0.800%, 11/25/2049^(a)		671,458		491,594
Series 2021-12, Class GA,
1.000%, 07/25/2050		105,698		76,063
Series 2021-15, Class JB,
1.250%, 04/25/2051		120,361		45,835
Series 2021-17, Class ZA,
1.500%, 04/25/2051		166,818		77,647
Series 2021-43, Class JC,
2.000%, 05/25/2051		107,666		87,558
Series 2021-47, Class PD,
1.500%, 07/25/2051		667,232		514,832
Series 2021-47, Class PE,
1.750%, 07/25/2051		667,232		524,725
Series 2021-59, Class H,
2.000%, 06/25/2048		189,296		156,318
Series 2021-6, Class KU,
1.500%, 02/25/2051		181,291		100,975
Series 2021-66, Class HU,
1.500%, 10/25/2051		259,996		119,734
Series 2021-66, Class JG,
1.000%, 10/25/2051		428,163		349,991
Series 2021-68, Class A,
2.000%, 07/25/2049		2,144,249		1,734,475
Series 2021-69, Class WA,
2.000%, 04/25/2049		267,134		221,563
Series 2021-72, Class NB,
1.500%, 10/25/2051		140,000		58,851
Series 2021-72, Class NL,
1.500%, 10/25/2051		316,302		199,375
Series 2021-8, Class HZ,
2.000%, 03/25/2051		490,015		239,496

	Principal Amount		Value (Note 2)
Series 2021-80, Class KE,
2.000%, 11/25/2051	$	179,216	$	145,128
Series 2022-17, Class GV,
2.500%, 01/25/2052		3,569,000		2,523,702
Series 2022-37, Class QL,
4.000%, 07/25/2052		1,683,000		1,612,999
Series 2022-4, Class CK,
1.500%, 04/25/2051		103,750		55,541
Series 2022-43, Class AN,
4.250%, 07/25/2052		240,932		184,816
Series 2022-43, Class ZA,
4.500%, 07/25/2052		269,092		258,184
Series 2022-64, Class GM,
4.500%, 10/25/2052		3,161,000		2,744,543
Series 2022-68, Class Z,
5.000%, 10/25/2052		683,167		662,203
Series 2022-81, Class DO,
–%, 11/25/2052^(b)		1,474,198		694,330
Series 2022-88, Class EZ,
6.000%, 12/25/2052		4,894,398		4,973,760
Series 2022-90, Class AY,
4.500%, 12/25/2041		180,000		174,940
Series 2023-12, Class GB,
6.000%, 06/25/2045		3,275,970		3,323,576
Series 2023-19, Class BZ,
5.000%, 05/25/2053		6,354,582		6,033,051
Series 2023-42, Class B,
6.000%, 07/25/2045		9,900,279		10,023,366
				100,667,086

Fannie Mae Grantor Trust 2002-T12
Series 2002-T12, Class A1,
6.500%, 05/25/2042		109,927		112,177

Freddie Mac
Series 1997-1935, Class FK,
30D US SOFR + 0.81%, 02/15/2027^(a)		144		144
Series 1997-1980, Class Z,
7.000%, 07/15/2027		2,251		2,255
Series 1998-2034, Class Z,
6.500%, 02/15/2028		2,682		2,705
Series 1998-2035, Class PC,
6.950%, 03/15/2028		583		585
Series 1998-2053, Class Z,
6.500%, 04/15/2028		2,037		2,044
Series 1998-2060, Class Z,
6.500%, 05/15/2028		1,303		1,314
Series 1998-2095, Class PE,
6.000%, 11/15/2028		3,021		3,052
Series 1998-2102, Class Z,
6.000%, 12/15/2028		8,972		9,068
Series 1999-2115, Class FB,
30D US SOFR + 0.56%, 01/15/2029^(a)		1,085		1,085
Series 1999-2126, Class CB,
6.250%, 02/15/2029		1,399		1,406

	Principal Amount		Value (Note 2)
Series 1999-2137, Class TH,
6.500%, 03/15/2029	$	1,164	$	1,175
Series 1999-2154, Class PL,
6.500%, 05/15/2029		26,720		26,832
Series 2000-2224, Class CB,
8.000%, 03/15/2030		3,564		3,656
Series 2001-2274, Class ZM,
6.500%, 01/15/2031		2,178		2,193
Series 2001-2279, Class Z,
6.000%, 01/15/2031		2,647		2,670
Series 2001-2320, Class FI,
30D US SOFR + 0.61%, 09/15/2029^(a)		8,098		8,102
Series 2001-2322, Class FV,
30D US SOFR + 0.61%, 06/15/2030^(a)		9,417		9,422
Series 2001-2324, Class PZ,
6.500%, 06/15/2031		56,106		57,604
Series 2001-2334, Class KB,
6.500%, 05/15/2028		12,997		13,075
Series 2001-2341, Class FP,
30D US SOFR + 1.01%, 07/15/2031^(a)		10,762		10,845
Series 2001-2367, Class FA,
30D US SOFR + 0.64%, 06/15/2031^(a)		9,395		9,405
Series 2001-2372, Class F,
30D US SOFR + 0.61%, 10/15/2031^(a)		3,797		3,798
Series 2001-2388, Class FB,
30D US SOFR + 0.71%, 01/15/2029^(a)		4,999		5,005
Series 2001-2388, Class FR,
30D US SOFR + 0.76%, 06/15/2031^(a)		8,047		8,073
Series 2001-2391, Class HF,
30D US SOFR + 0.66%, 06/15/2031^(a)		3,224		3,229
Series 2001-2396, Class FM,
30D US SOFR + 0.56%, 12/15/2031^(a)		1,269		1,269
Series 2001-2396, Class FN,
30D US SOFR + 0.76%, 12/15/2031^(a)		50,313		50,493
Series 2002-2411, Class F,
30D US SOFR + 0.66%, 02/15/2032^(a)		4,514		4,518
Series 2002-2412, Class OF,
30D US SOFR + 1.06%, 12/15/2031^(a)		12,166		12,283
Series 2002-2417, Class FY,
30D US SOFR + 0.71%, 12/15/2031^(a)		3,792		3,802
Series 2002-2424, Class FY,
30D US SOFR + 0.56%, 03/15/2032^(a)		17,818		17,815
Series 2002-2430, Class WF,
6.500%, 03/15/2032		3,670		3,782

	Principal Amount		Value (Note 2)
Series 2002-2433, Class FA,
30D US SOFR + 1.06%, 02/15/2032^(a)	$	13,642	$	13,773
Series 2002-2460, Class FA,
30D US SOFR + 1.11%, 03/15/2032^(a)		27,728		27,441
Series 2002-2466, Class FV,
30D US SOFR + 0.66%, 03/15/2032^(a)		23,186		23,224
Series 2002-2470, Class EF,
30D US SOFR + 1.11%, 03/15/2032^(a)		29,727		30,048
Series 2002-2478, Class FD,
30D US SOFR + 1.11%, 02/15/2032^(a)		7,849		7,934
Series 2002-2481, Class FE,
30D US SOFR + 1.11%, 03/15/2032^(a)		8,400		8,491
Series 2002-2488, Class FU,
30D US SOFR + 0.71%, 03/15/2032^(a)		28,437		28,512
Series 2002-2494, Class F,
30D US SOFR + 1.16%, 06/15/2031^(a)		12,481		12,609
Series 2002-2495, Class ZB,
4.500%, 09/15/2032		15,457		15,133
Series 2002-2510, Class FE,
30D US SOFR + 0.51%, 10/15/2032^(a)		347		346
Series 2002-2513, Class AF,
30D US SOFR + 1.11%, 02/15/2032^(a)		20,981		21,207
Series 2002-2516, Class FD,
30D US SOFR + 1.11%, 02/15/2032^(a)		19,939		20,154
Series 2002-2517, Class FR,
30D US SOFR + 0.46%, 10/15/2032^(a)		7,716		7,703
Series 2002-2524, Class DH,
6.000%, 11/15/2032		19,981		20,396
Series 2002-2525, Class NU,
5.000%, 04/15/2032		34,139		33,740
Series 2002-2535, Class AW,
5.500%, 12/15/2032		4,436		4,500
Series 2002-2538, Class F,
30D US SOFR + 0.71%, 12/15/2032^(a)		65,229		65,398
Series 2002-2541, Class BL,
5.500%, 12/15/2032		18,784		19,055
Series 2003-2554, Class MN,
5.500%, 01/15/2033		21,743		21,857
Series 2003-2557, Class HL,
5.300%, 01/15/2033		68,064		67,960
Series 2003-2557, Class NU,
5.250%, 03/15/2032		23,563		23,519
Series 2003-2557, Class WF,
30D US SOFR + 0.51%, 01/15/2033^(a)		16,314		16,294

	Principal Amount		Value (Note 2)
Series 2003-2568, Class D,
5.500%, 02/15/2033	$	19,941	$	20,287
Series 2003-2571, Class FY,
30D US SOFR + 0.86%, 12/15/2032^(a)		9,180		9,236
Series 2003-2577, Class FC,
30D US SOFR + 0.61%, 02/15/2033^(a)		43,744		43,754
Series 2003-2587, Class FW,
30D US SOFR + 0.58%, 03/15/2033^(a)		16,855		16,842
Series 2003-2590, Class OZ,
4.000%, 03/15/2033		111,020		107,378
Series 2003-2614, Class FV,
30D US SOFR + 1.61%, 05/15/2033^(a)		111,409		113,788
Series 2003-2624, Class QH,
5.000%, 06/15/2033		6,393		6,428
Series 2003-2626, Class ZX,
5.000%, 06/15/2033		238,875		231,096
Series 2003-2627, Class CN,
5.000%, 06/15/2033		18,751		18,858
Series 2003-2631, Class DB,
5.000%, 06/15/2033		126,805		127,032
Series 2003-2647, Class A,
3.250%, 04/15/2032		26,801		26,163
Series 2003-2648, Class WZ,
5.000%, 07/15/2033		315,066		309,477
Series 2003-2668, Class LH,
5.000%, 09/15/2033		11,217		11,276
Series 2003-2707, Class FH,
30D US SOFR + 0.76%, 04/15/2032^(a)		32,027		32,130
Series 2003-2711, Class FA,
30D US SOFR + 1.11%, 11/15/2033^(a)		63,208		64,044
Series 2003-2717, Class LH,
5.500%, 12/15/2033		3,241		3,313
Series 2003-2725, Class TA,
4.500%, 12/15/2033		94,779		93,577
Series 2004-2750, Class TC,
5.250%, 02/15/2034		1,365		1,378
Series 2004-2768, Class PW,
4.250%, 03/15/2034		87,638		85,922
Series 2004-2802, Class OH,
6.000%, 05/15/2034		3,849		3,924
Series 2004-2835, Class KZ,
5.500%, 08/15/2034		20,362		20,640
Series 2004-2835, Class TB,
4.500%, 08/15/2034		210,573		207,291
Series 2004-2896, Class BZ,
5.000%, 11/15/2034		39,236		39,218
Series 2004-2901, Class KB,
5.000%, 12/15/2034		56,096		56,128
Series 2005-2916, Class MY,
5.500%, 01/15/2035		91,201		92,320

	Principal Amount		Value (Note 2)
Series 2005-2927, Class EZ,
5.500%, 02/15/2035	$	2,816	$	2,822
Series 2005-2929, Class PG,
5.000%, 02/15/2035		20,507		20,520
Series 2005-2933, Class HD,
5.500%, 02/15/2035		8,166		8,269
Series 2005-2942, Class ZN,
5.500%, 03/15/2035		544,628		538,792
Series 2005-2953, Class PG,
5.500%, 03/15/2035		9,924		10,053
Series 2005-2962, Class KF,
30D US SOFR + 0.31%, 04/15/2035^(a)		2,848		2,832
Series 2005-2973, Class GE,
5.500%, 05/15/2035		225,884		228,938
Series 2005-2980, Class QA,
6.000%, 05/15/2035		19,394		19,897
Series 2005-2996, Class GX,
5.500%, 06/15/2035		55,959		56,632
Series 2005-3012, Class WZ,
5.500%, 08/15/2035		280,713		277,485
Series 2005-3012, Class ZE,
5.750%, 08/15/2035		43,474		44,415
Series 2005-3028, Class FM,
30D US SOFR + 0.36%, 09/15/2035^(a)		3,918		3,894
Series 2005-3028, Class PG,
5.500%, 09/15/2035		18,659		18,864
Series 2005-3028, Class ZE,
5.500%, 09/15/2035		1,036,324		1,022,548
Series 2005-3033, Class WY,
5.500%, 09/15/2035		45,044		45,810
Series 2005-3036, Class NE,
5.000%, 09/15/2035		54,039		53,898
Series 2005-3042, Class PZ,
5.750%, 09/15/2035		188,313		192,490
Series 2005-3052, Class WH,
5.500%, 10/15/2035		10,349		10,569
Series 2005-3059, Class ZM,
5.000%, 02/15/2035		49,356		49,455
Series 2005-3062, Class DE,
5.500%, 11/15/2035		71,998		72,900
Series 2005-3068, Class Z,
5.500%, 11/15/2035		82,826		84,567
Series 2005-3070, Class FT,
30D US SOFR + 0.46%, 11/15/2035^(a)		5,652		5,632
Series 2005-3072, Class NF,
30D US SOFR + 0.61%, 11/15/2035^(a)		20,562		20,491
Series 2005-3085, Class FE,
30D US SOFR + 0.91%, 08/15/2035^(a)		24,103		24,297
Series 2006-3098, Class PG,
5.000%, 01/15/2036		37,140		37,073

	Principal Amount		Value (Note 2)
Series 2006-3122, Class OH,
–%, 03/15/2036^(b)	$	9,171	$	7,970
Series 2006-3136, Class KF,
30D US SOFR + 0.41%, 04/15/2036^(a)		5,403		5,370
Series 2006-3137, Class XP,
6.000%, 04/15/2036		12,083		12,446
Series 2006-3143, Class BC,
5.500%, 02/15/2036		54,474		55,147
Series 2006-3145, Class FN,
30D US SOFR + 0.54%, 04/15/2036^(a)		6,556		6,524
Series 2006-3148, Class CY,
6.000%, 04/15/2036		10,824		11,163
Series 2006-3153, Class UG,
30D US SOFR + 0.56%, 05/15/2036^(a)		13,047		12,992
Series 2006-3154, Class PN,
5.500%, 05/15/2036		37,865		38,366
Series 2006-3201, Class FL,
30D US SOFR + 0.71%, 08/15/2036^(a)		45,707		45,697
Series 2006-3202, Class HF,
30D US SOFR + 0.46%, 08/15/2036^(a)		20,858		20,733
Series 2006-3203, Class ZM,
5.000%, 08/15/2036		112,016		111,721
Series 2006-3204, Class ZM,
5.000%, 08/15/2034		50,471		50,454
Series 2006-3206, Class FE,
30D US SOFR + 0.51%, 08/15/2036^(a)		18,858		18,737
Series 2006-3235, Class Z,
6.500%, 11/15/2036		738,114		762,546
Series 2006-3236, Class EF,
30D US SOFR + 0.41%, 11/15/2036^(a)		6,351		6,293
Series 2006-3237, Class CE,
5.500%, 11/15/2036		103,193		103,701
Series 2006-3240, Class FG,
30D US SOFR + 1.22%, 11/15/2036^(a)		110,555		108,150
Series 2006-3249, Class CB,
4.250%, 12/15/2036		205,853		201,687
Series 2007-3279, Class FB,
30D US SOFR + 0.43%, 02/15/2037^(a)		41,544		41,115
Series 2007-3284, Class AZ,
4.500%, 03/15/2037		7,277		7,059
Series 2007-3301, Class FY,
30D US SOFR + 0.53%, 04/15/2037^(a)		9,019		8,960
Series 2007-3311, Class DF,
30D US SOFR + 0.45%, 05/15/2037^(a)		59,211		58,660
Series 2007-3312, Class PA,
5.500%, 05/15/2037		8,935		9,097

	Principal Amount		Value (Note 2)
Series 2007-3316, Class FB,
30D US SOFR + 0.41%, 08/15/2035^(a)	$	17,092	$	16,947
Series 2007-3349, Class HG,
5.500%, 07/15/2037		10,096		10,220
Series 2007-3361, Class AF,
30D US SOFR + 0.46%, 11/15/2036^(a)		38,902		38,591
Series 2007-3367, Class YF,
30D US SOFR + 0.66%, 09/15/2037^(a)		11,234		11,209
Series 2007-3368, Class AF,
30D US SOFR + 0.83%, 09/15/2037^(a)		35,692		35,808
Series 2007-3378, Class FA,
30D US SOFR + 0.69%, 06/15/2037^(a)		18,198		18,181
Series 2007-3380, Class FM,
30D US SOFR + 0.70%, 10/15/2037^(a)		48,787		48,753
Series 2007-3382, Class FG,
30D US SOFR + 0.71%, 11/15/2037^(a)		26,576		26,569
Series 2007-3382, Class FL,
30D US SOFR + 0.81%, 11/15/2037^(a)		40,231		40,355
Series 2007-3387, Class PF,
30D US SOFR + 0.53%, 11/15/2037^(a)		14,433		14,354
Series 2007-3388, Class FJ,
30D US SOFR + 0.81%, 11/15/2037^(a)		64,995		65,159
Series 2008-3404, Class DC,
5.500%, 01/15/2038		285,000		288,369
Series 2008-3405, Class PE,
5.000%, 01/15/2038		26,343		26,290
Series 2008-3409, Class DB,
6.000%, 01/15/2038		71,229		73,469
Series 2008-3411, Class FL,
30D US SOFR + 0.81%, 02/15/2038^(a)		9,825		9,855
Series 2008-3415, Class DF,
30D US SOFR + 0.81%, 08/15/2035^(a)		50,033		50,190
Series 2008-3415, Class PC,
5.000%, 12/15/2037		19,968		20,009
Series 2008-3415, Class TF,
30D US SOFR + 0.85%, 08/15/2035^(a)		24,781		24,892
Series 2008-3450, Class PE,
5.000%, 05/15/2038		33,432		33,335
Series 2008-3469, Class CF,
30D US SOFR + 0.90%, 07/15/2038^(a)		11,317		10,749
Series 2009-3536, Class FM,
30D US SOFR + 1.11%, 05/15/2039^(a)		14,617		14,840

	Principal Amount		Value (Note 2)
Series 2009-3539, Class B,
4.500%, 06/15/2029	$	22,835	$	22,750
Series 2009-3545, Class FA,
30D US SOFR + 0.96%, 06/15/2039^(a)		36,369		36,678
Series 2009-3548, Class ZE,
5.500%, 12/15/2032		66,773		67,471
Series 2009-3549, Class FA,
30D US SOFR + 1.31%, 07/15/2039^(a)		12,949		13,223
Series 2009-3564, Class NB,
5.000%, 08/15/2039		206,516		206,164
Series 2009-3574, Class D,
5.000%, 09/15/2039		43,572		43,652
Series 2009-3584, Class FA,
30D US SOFR + 0.81%, 12/15/2036^(a)		15,213		15,277
Series 2009-3587, Class DA,
4.500%, 10/15/2039		60,800		60,301
Series 2009-3588, Class CW,
6.650%, 10/15/2037^(a)		142,255		147,226
Series 2009-3604, Class PO,
–%, 05/15/2036^(b)		34,601		29,182
Series 2009-3605, Class BF,
30D US SOFR + 0.97%, 11/15/2039^(a)		74,984		75,635
Series 2009-3606, Class ZC,
5.000%, 04/15/2036		510,625		509,380
Series 2009-3611, Class FH,
30D US SOFR + 0.86%, 07/15/2034^(a)		6,070		6,098
Series 2010-3620, Class EL,
4.000%, 01/15/2030		5,921		5,858
Series 2010-3622, Class PB,
5.000%, 01/15/2040		231,126		230,424
Series 2010-3626, Class ME,
5.000%, 01/15/2040		329,740		327,946
Series 2010-3631, Class PA,
4.000%, 02/15/2040		96,989		94,015
Series 2010-3653, Class B,
4.500%, 04/15/2030		20,108		20,030
Series 2010-3656, Class PM,
5.000%, 04/15/2040		85,546		85,363
Series 2010-3662, Class PJ,
5.000%, 04/15/2040		108,833		108,533
Series 2010-3664, Class DA,
4.000%, 11/15/2037		29,132		28,994
Series 2010-3747, Class CY,
4.500%, 10/15/2040		181,270		177,308
Series 2010-3747, Class PY,
4.000%, 10/15/2040		221,713		212,837
Series 2010-3770, Class GA,
4.500%, 10/15/2040		309,354		304,145
Series 2010-3770, Class JZ,
4.000%, 12/15/2040		6,102,474		5,802,315

	Principal Amount		Value (Note 2)
Series 2011-3798, Class PJ,
4.000%, 01/15/2041	$	33,573	$	32,442
Series 2011-3800, Class AF,
30D US SOFR + 0.61%, 02/15/2041^(a)		12,010		11,958
Series 2011-3819, Class ZQ,
6.000%, 04/15/2036		8,704		8,962
Series 2011-3822, Class FY,
30D US SOFR + 0.51%, 02/15/2033^(a)		11,110		11,094
Series 2011-3825, Class BP,
4.000%, 03/15/2041		61,091		57,895
Series 2011-3843, Class FE,
30D US SOFR + 0.66%, 04/15/2041^(a)		27,654		27,559
Series 2011-3843, Class PZ,
5.000%, 04/15/2041		391,464		388,967
Series 2011-3844, Class PC,
5.000%, 04/15/2041		181,670		180,677
Series 2011-3852, Class QN,
26.796% - 30D US SOFR%, 05/15/2041^(a)		23,300		21,868
Series 2011-3852, Class TP,
27.080% - 30D US SOFR%, 05/15/2041^(a)		15,856		15,314
Series 2011-3857, Class ZP,
5.000%, 05/15/2041		985,748		980,111
Series 2011-3862, Class MA,
5.000%, 04/15/2041		37,213		37,302
Series 2011-3891, Class BF,
30D US SOFR + 0.66%, 07/15/2041^(a)		23,657		23,555
Series 2011-3894, Class ZA,
4.500%, 07/15/2041		309,056		298,505
Series 2011-3905, Class BZ,
3.000%, 08/15/2041		187,623		145,984
Series 2011-3919, Class DL,
4.000%, 08/15/2030		298,000		291,179
Series 2011-3934, Class KB,
5.000%, 10/15/2041		447,479		448,939
Series 2011-3935, Class JZ,
4.500%, 10/15/2041		1,239,438		1,201,540
Series 2011-3939, Class AZ,
4.000%, 03/15/2041		260,112		246,671
Series 2011-3939, Class BZ,
4.500%, 06/15/2041		533,454		515,764
Series 2011-3940, Class MY,
4.000%, 10/15/2041		185,935		175,946
Series 2011-3957, Class HZ,
4.000%, 11/15/2041		540,990		500,329
Series 2011-3958, Class PJ,
4.500%, 09/15/2041		121,752		120,515
Series 2011-3959, Class MB,
4.500%, 11/15/2041		44,199		39,092
Series 2011-3963, Class JB,
4.500%, 11/15/2041		65,513		63,704

	Principal Amount		Value (Note 2)
Series 2011-3968, Class LA,
4.500%, 12/15/2041	$	5,325	$	5,119
Series 2011-3969, Class JP,
4.500%, 09/15/2041		9,389		9,345
Series 2011-3978, Class CZ,
3.500%, 12/15/2041		1,649,384		1,523,371
Series 2012-3984, Class DF,
30D US SOFR + 0.66%, 01/15/2042^(a)		19,457		19,364
Series 2012-3989, Class JW,
3.500%, 01/15/2042		134,689		125,684
Series 2012-3994, Class JZ,
3.500%, 02/15/2042		796,271		747,060
Series 2012-3997, Class EC,
3.500%, 02/15/2042		59,120		50,196
Series 2012-3997, Class FQ,
30D US SOFR + 0.61%, 02/15/2042^(a)		27,148		26,925
Series 2012-4001, Class FM,
30D US SOFR + 0.61%, 02/15/2042^(a)		18,000		17,849
Series 2012-4010, Class FC,
30D US SOFR + 1.11%, 03/15/2042^(a)		239,601		242,526
Series 2012-4011, Class DB,
4.000%, 09/15/2041		139,777		133,742
Series 2012-4011, Class DC,
4.000%, 09/15/2041		143,069		136,887
Series 2012-4020, Class PG,
2.500%, 03/15/2027		169		168
Series 2012-4037, Class CA,
3.000%, 04/15/2027		6,772		6,747
Series 2012-4039, Class LT,
3.500%, 05/15/2042		113,000		97,102
Series 2012-4048, Class CE,
4.000%, 05/15/2042		611,000		574,436
Series 2012-4062, Class MZ,
3.500%, 06/15/2042		372,437		345,675
Series 2012-4064, Class AY,
3.000%, 06/15/2027		5,527		5,505
Series 2012-4068, Class PE,
3.000%, 06/15/2042		271,124		245,750
Series 2012-4075, Class PB,
3.000%, 07/15/2042		73,859		66,983
Series 2012-4077, Class BE,
4.000%, 07/15/2042		130,000		118,512
Series 2012-4088, Class PB,
3.000%, 08/15/2042		105,377		93,614
Series 2012-4094, Class CW,
2.000%, 08/15/2042		100,929		84,051
Series 2012-4097, Class CU,
1.500%, 08/15/2027		12,773		12,572
Series 2012-4097, Class UF,
30D US SOFR + 0.46%, 08/15/2032^(a)		22,154		22,137

	Principal Amount		Value (Note 2)
Series 2012-4101, Class QN,
3.500%, 09/15/2042	$	289,634	$	269,065
Series 2012-4102, Class CB,
2.000%, 09/15/2042		138,674		125,342
Series 2012-4104, Class AJ,
1.500%, 09/15/2027		1,848		1,825
Series 2012-4116, Class YB,
2.500%, 05/15/2042		132,000		109,715
Series 2012-4120, Class TC,
1.500%, 10/15/2027		980		965
Series 2012-4122, Class BA,
2.740%, 05/15/2040^(a)(c)		96,137		88,789
Series 2012-4133, Class TA,
3.000%, 11/15/2042		308,106		250,177
Series 2012-4141, Class PL,
2.500%, 12/15/2042		274,000		192,549
Series 2013-4160, Class HB,
2.500%, 12/15/2032		14,094		13,345
Series 2013-4161, Class LT,
2.500%, 08/15/2042		219,117		201,365
Series 2013-4170, Class FW,
30D US SOFR + 1.06%, 01/15/2033^(a)		4,306		4,329
Series 2013-4171, Class MN,
3.000%, 02/15/2043		144,000		106,770
Series 2013-4176, Class YD,
3.000%, 03/15/2043		50,000		41,640
Series 2013-4183, Class ME,
2.000%, 02/15/2042		168,484		163,700
Series 2013-4185, Class PB,
3.000%, 03/15/2043		300,938		281,544
Series 2013-4203, Class DJ,
2.500%, 04/15/2033		12,018		11,707
Series 2013-4204, Class QP,
3.000%, 05/15/2043		153,000		128,625
Series 2013-4218, Class DG,
2.500%, 07/15/2042		72,887		67,772
Series 2013-4220, Class EH,
Series 2013-4231, Class FD,
30D US SOFR + 0.46%, 10/15/2032^(a)		4,202		4,200
Series 2013-4246, Class PB,
4.000%, 09/15/2043		493,003		451,707
Series 2013-4265, Class FD,
30D US SOFR + 0.51%, 01/15/2035^(a)		29,147		28,980
Series 2013-4283, Class EW,
4.500%, 12/15/2043^(a)		135,870		132,308
Series 2014-4293, Class NM,
4.500%, 06/15/2043		10,255		10,108
Series 2014-4294, Class PF,
30D US SOFR + 0.51%, 01/15/2044^(a)		9,448		9,316
Series 2014-4319, Class PM,
3.000%, 03/15/2043		20,165		19,862

	Principal Amount		Value (Note 2)
Series 2014-4320, Class AP,
3.500%, 07/15/2039	$	67,165	$	65,393
Series 2014-4324, Class AY,
3.000%, 04/15/2029		313,393		309,888
Series 2014-4368, Class GZ,
4.130%, 06/15/2041^(d)		1,044,072		1,025,355
Series 2014-4403, Class CZ,
3.000%, 10/15/2044		163,831		93,010
Series 2014-4419, Class DC,
3.000%, 12/15/2044		240,000		200,058
Series 2015-4457, Class KZ,
3.000%, 04/15/2045		58,094		50,691
Series 2015-4459, Class CA,
5.000%, 12/15/2034		4,704		4,723
Series 2015-4461, Class EA,
2.000%, 07/15/2037		5,143		5,125
Series 2015-4498, Class JA,
2.500%, 04/15/2037		74,281		65,185
Series 2015-4508, Class UZ,
3.000%, 07/15/2043		58,536		46,249
Series 2016-4555, Class CP,
3.000%, 04/15/2045		224,834		215,990
Series 2016-4582, Class PA,
3.000%, 11/15/2045		82,270		76,250
Series 2016-4583, Class UP,
3.000%, 07/15/2045		106,219		98,467
Series 2016-4601, Class CZ,
3.000%, 12/15/2045		120,092		72,701
Series 2016-4613, Class AF,
30D US SOFR + 1.21%, 11/15/2037^(a)		57,017		57,039
Series 2016-4629, Class KB,
3.000%, 11/15/2046		1,000,000		824,399
Series 2016-4639, Class HZ,
3.250%, 04/15/2053^(d)		1,195,107		944,710
Series 2017-4656, Class EZ,
4.000%, 02/15/2047		311,783		290,332
Series 2017-4670, Class TY,
3.000%, 03/15/2047		346,000		274,869
Series 2017-4672, Class QD,
3.000%, 08/15/2045		7,177		7,136
Series 2017-4680, Class PA,
3.000%, 03/15/2046		9		8
Series 2017-4707, Class Z,
4.000%, 08/15/2047		137,060		81,607
Series 2017-4710, Class PA,
3.000%, 04/15/2045		43,760		43,011
Series 2017-4714, Class MY,
3.500%, 08/15/2047		899,822		807,602
Series 2017-4736, Class CL,
3.000%, 12/15/2047		154,734		132,499
Series 2018-4767, Class Z,
3.000%, 12/15/2047		39,892		21,922
Series 2018-4773, Class DZ,
4.000%, 04/15/2048		132,586		123,072

	Principal Amount		Value (Note 2)
Series 2018-4787, Class PY,
4.000%, 05/15/2048	$	33,482	$	31,331
Series 2018-4813, Class CJ,
3.000%, 08/15/2048		168,624		145,030
Series 2018-4818, Class CA,
3.000%, 04/15/2048		312,057		273,724
Series 2018-4821, Class YZ,
4.000%, 02/15/2042		1,783,369		1,616,474
Series 2018-4821, Class ZM,
3.500%, 05/15/2048		305,367		269,774
Series 2018-4839, Class AE,
4.000%, 04/15/2051		172,853		166,988
Series 2019-4863, Class AJ,
3.500%, 07/15/2038		29,436		28,058
Series 2019-4863, Class H,
7.000%, 03/15/2049		111,301		116,110
Series 2019-4896, Class BD,
3.500%, 07/25/2049		1,062,753		897,974
Series 2019-4911, Class HG,
2.250%, 04/15/2049		1,324,999		1,095,763
Series 2019-4926, Class BP,
3.000%, 10/25/2049		451,754		392,298
Series 2020-4954, Class LZ,
2.500%, 02/25/2050		130,810		56,320
Series 2020-4961, Class JB,
2.500%, 12/15/2042		98,529		89,284
Series 2020-4989, Class FA,
30D US SOFR + 0.46%, 08/15/2040^(a)		81,626		80,337
Series 2020-4989, Class FB,
30D US SOFR + 0.46%, 10/15/2040^(a)		72,523		71,339
Series 2020-5000, Class HZ,
1.500%, 08/25/2050		258,211		129,562
Series 2020-5007, Class PY,
1.500%, 08/25/2050		218,000		85,273
Series 2020-5013, Class NH,
1.000%, 09/25/2050		173,577		87,517
Series 2020-5014, Class BP,
1.250%, 09/25/2040		167,658		146,964
Series 2020-5039, Class ZK,
2.500%, 11/25/2050		160,465		76,032
Series 2020-5049, Class JZ,
2.000%, 11/25/2050		147,927		63,909
Series 2020-5049, Class WB,
0.750%, 12/25/2050		295,014		231,399
Series 2020-5068, Class UB,
0.500%, 01/25/2051		109,000		62,118
Series 2021-5080, Class CA,
2.000%, 02/25/2051		864,862		460,355
Series 2021-5083, Class MA,
2.000%, 03/25/2051		612,856		347,531
Series 2021-5085, Class HA,
1.500%, 03/25/2051		147,216		74,798
Series 2021-5103, Class LM,
1.500%, 05/25/2041		119,098		66,539

	Principal Amount		Value (Note 2)
Series 2021-5103, Class LQ,
1.500%, 04/25/2050	$	199,834	$	102,125
Series 2021-5119, Class LM,
1.500%, 05/25/2041		202,779		108,764
Series 2021-5121, Class KE,
1.500%, 06/25/2051		301,427		143,115
Series 2021-5129, Class KC,
1.500%, 11/25/2049		113,504		97,852
Series 2021-5144, Class PC,
1.500%, 09/25/2051		294,371		251,845
Series 2021-5156, Class EC,
1.500%, 10/25/2051		434,983		204,686
Series 2021-5171, Class KY,
1.750%, 12/25/2051		172,000		86,724
Series 2021-5174, Class TQ,
2.000%, 08/25/2051		414,198		351,295
Series 2021-5178, Class LY,
1.500%, 12/25/2051		178,029		79,017
Series 2021-5182, Class M,
2.500%, 05/25/2049		277,441		245,693
Series 2022-5189, Class PG,
2.500%, 09/25/2051		68,033		61,908
Series 2022-5198, Class ZM,
3.000%, 02/25/2052		678,024		537,434
Series 2022-5200, Class WK,
2.500%, 03/25/2052		217,000		139,288
Series 2022-5201, Class CA,
2.500%, 07/25/2048		506,325		456,182
Series 2022-5207, Class CZ,
3.500%, 03/25/2052		402,683		192,615
Series 2022-5208, Class AL,
2.500%, 04/25/2042		1,386,302		1,037,586
Series 2022-5230, Class PE,
2.000%, 12/25/2051		600,000		491,982
Series 2022-5234, Class PH,
3.500%, 04/25/2051		617,384		590,094
Series 2024-5407, Class LB,
6.000%, 05/25/2054		6,901,530		6,962,239
				55,093,611

Freddie Mac Strips
Series 2013-299, Class 300,
3.000%, 01/15/2043		114,141		102,744
Series 2013-300, Class 300,
3.000%, 01/15/2043		99,382		88,463
				191,207

Freddie Mac Structured Pass-Through Certificates
Series 2001-32, Class A1,
1M CME TERM SOFR + 0.37%, 08/25/2031^(a)		31,679		32,008
Series 2002-41, Class 3A,
4.390%, 07/25/2032^(a)		1,564,249		1,415,558

	Principal Amount		Value (Note 2)
Series 2003-55, Class 1A3A,
30D US SOFR + 0.51%, 03/25/2043^(a)	$	175,254	$	174,712
				1,622,278

Ginnie Mae
Series 2003-76, Class TG,
5.500%, 09/20/2033		84,665		84,460
Series 2004-1, Class TE,
5.000%, 06/20/2033		12,764		12,731
Series 2004-15, Class AY,
5.500%, 02/20/2034		93,259		93,076
Series 2004-22, Class AZ,
5.500%, 04/20/2034		193,254		192,869
Series 2004-26, Class ED,
5.500%, 04/16/2034		36,508		36,439
Series 2004-34, Class QL,
5.500%, 05/16/2034		103,022		102,836
Series 2004-55, Class MC,
5.500%, 07/20/2034		23,760		23,891
Series 2004-7, Class Z,
5.500%, 01/16/2034		1,718,627		1,715,725
Series 2004-87, Class BC,
4.500%, 10/20/2034		6,734		6,677
Series 2005-11, Class PL,
5.000%, 02/20/2035		18,986		18,913
Series 2005-13, Class BG,
5.000%, 02/20/2035		103,545		103,448
Series 2005-13, Class NB,
5.000%, 02/20/2035		6,968		6,946
Series 2005-3, Class JL,
5.000%, 12/16/2034		33,192		32,933
Series 2005-3, Class JM,
4.750%, 01/20/2035		25,886		25,567
Series 2005-3, Class OC,
5.000%, 01/20/2035		95,662		95,555
Series 2005-3, Class QB,
5.000%, 01/16/2035		24,438		24,422
Series 2005-44, Class GZ,
5.000%, 07/20/2035		64,840		64,685
Series 2005-45, Class BF,
1M CME TERM SOFR + 0.41%, 06/20/2035^(a)		19,233		19,114
Series 2005-49, Class B,
5.500%, 06/20/2035		46,864		47,294
Series 2005-51, Class DC,
5.000%, 07/20/2035		72,761		72,654
Series 2005-56, Class BD,
5.000%, 07/20/2035		24,899		24,960
Series 2005-56, Class JA,
5.000%, 05/17/2035		7,425		7,410
Series 2005-69, Class WD,
5.000%, 05/18/2035		25,276		25,224
Series 2005-73, Class PH,
5.000%, 09/20/2035		69,046		68,891
Series 2005-92, Class PB,
6.000%, 12/20/2035		91,833		92,946

	Principal Amount		Value (Note 2)
Series 2006-10, Class PB,
5.500%, 03/20/2036	$	163,050	$	164,820
Series 2006-38, Class OH,
6.500%, 08/20/2036		17,822		17,777
Series 2007-18, Class B,
5.500%, 05/20/2035		42,552		42,881
Series 2007-18, Class PH,
5.500%, 03/20/2035		137,000		138,252
Series 2007-35, Class NE,
6.000%, 06/16/2037		29,198		29,389
Series 2007-35, Class TE,
6.000%, 06/20/2037		65,683		65,689
Series 2007-40, Class FY,
1M CME TERM SOFR + 0.44%, 07/16/2037^(a)		18,620		18,501
Series 2007-44, Class PH,
6.000%, 07/20/2037		72,164		73,103
Series 2007-57, Class Z,
5.500%, 10/20/2037		624,504		622,817
Series 2007-6, Class LE,
5.500%, 02/20/2037		166,529		166,155
Series 2007-7, Class PG,
5.000%, 02/16/2037		14,531		14,642
Series 2007-79, Class FC,
1M CME TERM SOFR + 0.55%, 12/20/2037^(a)		77,058		76,618
Series 2008-13, Class FB,
1M CME TERM SOFR + 0.61%, 02/20/2038^(a)		15,911		15,852
Series 2008-20, Class CE,
5.500%, 06/16/2037		143,808		145,004
Series 2008-21, Class PZ,
5.500%, 11/20/2037		359,016		358,177
Series 2008-31, Class PC,
5.500%, 04/20/2038		32,124		32,254
Series 2008-33, Class PB,
5.500%, 04/20/2038		90,976		91,155
Series 2008-37, Class L,
6.000%, 04/20/2038		27,348		27,403
Series 2008-38, Class BG,
5.000%, 05/16/2038		46,974		46,903
Series 2008-38, Class PL,
5.500%, 05/20/2038		140,830		142,710
Series 2008-38, Class PN,
5.500%, 05/20/2038		27,084		27,446
Series 2008-40, Class PL,
5.250%, 05/16/2038		118,000		118,947
Series 2008-41, Class PE,
5.500%, 05/20/2038		46,095		46,674
Series 2008-43, Class NB,
5.500%, 05/20/2038		88,972		88,768
Series 2008-47, Class ML,
5.250%, 06/16/2038		16,366		16,481
Series 2008-49, Class PB,
4.750%, 06/20/2038		19,116		19,069

	Principal Amount		Value (Note 2)
Series 2008-50, Class KB,
6.000%, 06/20/2038	$	147,507	$	149,453
Series 2008-51, Class FG,
1M CME TERM SOFR + 0.88%, 06/16/2038^(a)		52,401		52,580
Series 2008-51, Class PH,
5.250%, 06/20/2038		22,549		23,113
Series 2008-55, Class PL,
5.500%, 06/20/2038		21,219		21,171
Series 2008-58, Class PE,
5.500%, 07/16/2038		48,362		48,012
Series 2008-60, Class JN,
5.500%, 07/20/2038		77,253		77,079
Series 2008-60, Class JP,
5.500%, 07/20/2038		151,701		151,360
Series 2008-65, Class PG,
6.000%, 08/20/2038		139,556		139,234
Series 2008-66, Class FN,
1M CME TERM SOFR + 1.06%, 08/20/2038^(a)		61,533		61,576
Series 2008-7, Class PQ,
5.000%, 02/20/2038		62,824		62,205
Series 2008-76, Class QE,
5.750%, 09/20/2038		58,000		57,984
Series 2008-77, Class FC,
1M CME TERM SOFR + 0.81%, 09/20/2038^(a)		39,036		39,034
Series 2008-85, Class PG,
5.250%, 10/20/2038		22,275		22,247
Series 2008-89, Class JC,
5.500%, 08/20/2038		26,217		26,147
Series 2008-89, Class JD,
6.000%, 08/20/2038		30,451		30,367
Series 2008-9, Class FA,
1M CME TERM SOFR + 0.61%, 02/20/2038^(a)		10,917		10,914
Series 2009-1, Class FA,
1M CME TERM SOFR + 1.16%, 01/20/2039^(a)		45,692		45,866
Series 2009-10, Class NB,
5.000%, 02/16/2039		52,874		53,159
Series 2009-10, Class PH,
4.500%, 02/20/2039		19,242		19,044
Series 2009-118, Class PY,
5.000%, 12/16/2039		12,381		12,478
Series 2009-12, Class NB,
5.000%, 03/20/2039		35,290		35,197
Series 2009-13, Class E,
4.500%, 03/16/2039		59,523		58,595
Series 2009-15, Class FM,
1M CME TERM SOFR + 1.15%, 03/20/2039^(a)		43,133		43,138
Series 2009-24, Class WB,
5.000%, 03/20/2039		144,059		143,678
Series 2009-32, Class ZA,
5.500%, 05/20/2039		371,028		366,756

	Principal Amount		Value (Note 2)
Series 2009-40, Class AD,
4.500%, 06/20/2039	$	309,000	$	299,769
Series 2009-47, Class LT,
5.000%, 06/20/2039		76,390		76,258
Series 2009-55, Class FN,
1M CME TERM SOFR + 1.11%, 07/20/2039^(a)		15,949		15,994
Series 2009-58, Class PA,
4.500%, 07/20/2039		45,341		44,165
Series 2009-61, Class AP,
4.000%, 08/20/2039		20,467		19,910
Series 2009-61, Class MP,
5.000%, 08/20/2039		18,627		18,506
Series 2009-69, Class PH,
5.500%, 08/16/2039		92,000		92,191
Series 2009-75, Class GZ,
4.500%, 09/20/2039		63,945		63,387
Series 2009-76, Class JB,
4.500%, 07/20/2039		2,321		2,316
Series 2009-76, Class XA,
5.500%, 09/16/2039		425,664		428,584
Series 2009-77, Class KJ,
5.000%, 09/20/2039		76,593		77,594
Series 2009-83, Class TF,
1M CME TERM SOFR + 1.01%, 08/20/2039^(a)		23,597		23,754
Series 2009-94, Class FA,
1M CME TERM SOFR + 0.81%, 10/16/2039^(a)		48,507		48,643
Series 2010-103, Class WA,
5.640%, 08/20/2034^(a)		108,082		109,066
Series 2010-105, Class BH,
3.000%, 01/16/2040		36,515		35,582
Series 2010-111, Class FA,
1M CME TERM SOFR + 0.46%, 09/20/2040^(a)		31,797		31,516
Series 2010-134, Class YL,
4.500%, 10/20/2040		101,000		97,382
Series 2010-14, Class HA,
4.500%, 02/16/2040		70,813		69,975
Series 2010-147, Class PG,
3.500%, 05/20/2040		11,411		11,342
Series 2010-157, Class OP,
–%, 12/20/2040^(b)		6,590		5,656
Series 2010-167, Class WL,
4.500%, 09/20/2040		556,711		549,951
Series 2010-169, Class JZ,
4.000%, 12/20/2040		151,980		141,442
Series 2010-19, Class GW,
4.750%, 02/20/2040		108,305		100,146
Series 2010-62, Class AF,
1M CME TERM SOFR + 0.56%, 04/16/2034^(a)		6,784		6,783
Series 2010-76, Class NC,
4.500%, 06/20/2040		113,194		105,633

	Principal Amount		Value (Note 2)
Series 2010-84, Class YB,
4.000%, 07/20/2040	$	14,538	$	14,019
Series 2010-H01, Class FA,
1M CME TERM SOFR + 0.93%, 01/20/2060^(a)		3,514		3,531
Series 2010-H10, Class FC,
1M CME TERM SOFR + 1.11%, 05/20/2060^(a)		12,827		12,954
Series 2010-H20, Class AF,
1M CME TERM SOFR + 0.44%, 10/20/2060^(a)		20,817		20,745
Series 2010-H22, Class FE,
1M CME TERM SOFR + 0.46%, 05/20/2059^(a)		330		325
Series 2010-H27, Class FA,
1M CME TERM SOFR + 0.49%, 12/20/2060^(a)		8,928		8,862
Series 2011-100, Class MY,
4.000%, 07/20/2041		138,997		134,005
Series 2011-128, Class MD,
4.000%, 10/20/2040		29,196		29,124
Series 2011-137, Class WA,
5.580%, 07/20/2040^(a)		146,019		147,981
Series 2011-59, Class QC,
4.000%, 12/20/2040		143,455		139,988
Series 2011-66, Class UA,
4.000%, 05/16/2041		142,979		134,432
Series 2011-71, Class ZC,
5.500%, 07/16/2034		102,338		102,435
Series 2011-97, Class WA,
6.050%, 11/20/2038^(a)		16,440		16,531
Series 2011-H01, Class AF,
1M CME TERM SOFR + 0.56%, 11/20/2060^(a)		15,052		15,025
Series 2011-H11, Class FA,
1M CME TERM SOFR + 0.61%, 03/20/2061^(a)		19,836		19,820
Series 2011-H11, Class FB,
1M CME TERM SOFR + 0.61%, 04/20/2061^(a)		11,714		11,702
Series 2011-H15, Class FA,
1M CME TERM SOFR + 0.56%, 06/20/2061^(a)		7,050		7,038
Series 2012-108, Class CB,
2.500%, 09/20/2042		149,000		119,162
Series 2012-116, Class BY,
3.000%, 09/16/2042		267,000		221,388
Series 2012-127, Class PG,
1.750%, 09/16/2042		90,664		83,195
Series 2012-32, Class PE,
3.500%, 03/16/2042		117,000		106,338
Series 2012-39, Class GA,
3.000%, 10/16/2040		9,534		9,416
Series 2012-56, Class HZ,
3.500%, 06/20/2040		1,426,208		1,289,436
Series 2012-68, Class GE,
3.000%, 05/20/2042		4,247		3,305

	Principal Amount		Value (Note 2)
Series 2012-76, Class GF,
1M CME TERM SOFR + 0.41%, 06/16/2042^(a)	$	14,064	$	13,975
Series 2012-84, Class TB,
2.500%, 07/20/2042		390,245		328,328
Series 2012-H08, Class FC,
1M CME TERM SOFR + 0.68%, 04/20/2062^(a)		54,231		54,236
Series 2012-H14, Class FK,
1M CME TERM SOFR + 0.69%, 07/20/2062^(a)		27,001		27,008
Series 2012-H20, Class PT,
4.620%, 07/20/2062^(a)		1,623		1,631
Series 2013-100, Class MA,
3.500%, 02/20/2043		15,509		15,268
Series 2013-115, Class PM,
4.000%, 08/20/2043		353,209		329,734
Series 2013-169, Class EZ,
3.250%, 11/16/2043		120,679		103,485
Series 2013-22, Class GB,
2.500%, 08/20/2042		115,781		104,200
Series 2013-41, Class MY,
3.000%, 03/20/2043		218,784		194,657
Series 2013-54, Class WA,
4.890%, 11/20/2042^(a)		287,128		288,786
Series 2013-6, Class BE,
3.000%, 01/20/2043		104,000		79,233
Series 2013-69, Class NA,
2.000%, 09/20/2042		163,509		150,880
Series 2013-70, Class LA,
1.000%, 05/20/2043		80,221		66,059
Series 2013-93, Class CA,
6.000%, 06/20/2043		661,421		678,976
Series 2013-98, Class KF,
1M CME TERM SOFR + 0.41%, 11/20/2041^(a)		1,550		1,546
Series 2013-99, Class MF,
1M CME TERM SOFR + 0.41%, 07/20/2043^(a)		42,222		41,677
Series 2013-H01, Class FA,
1.650%, 01/20/2063		2		2
Series 2013-H04, Class BA,
1.650%, 02/20/2063		1,615		1,562
Series 2013-H07, Class GA,
1M CME TERM SOFR + 0.58%, 03/20/2063^(a)		18,693		18,668
Series 2013-H09, Class HA,
1.650%, 04/20/2063		5,001		4,806
Series 2013-H18, Class EA,
1M CME TERM SOFR + 0.61%, 07/20/2063^(a)		1,701		1,700
Series 2014-118, Class ZP,
4.000%, 08/20/2044		343,119		318,357
Series 2014-119, Class ZK,
3.500%, 08/16/2044		1,103,521		1,021,367
Series 2014-32, Class DA,
3.500%, 02/20/2044		101,590		85,192

	Principal Amount		Value (Note 2)
Series 2014-53, Class JM,
6.920%, 04/20/2039^(a)	$	59,289	$	62,032
Series 2014-98, Class HE,
3.000%, 07/20/2044		53,984		40,093
Series 2014-98, Class ZP,
3.000%, 07/16/2044		257,303		199,043
Series 2014-H10, Class TA,
1M CME TERM SOFR + 0.71%, 04/20/2064^(a)		82,576		82,617
Series 2014-H15, Class FA,
1M CME TERM SOFR + 0.61%, 07/20/2064^(a)		4,480		4,477
Series 2014-H16, Class FL,
1M CME TERM SOFR + 0.58%, 07/20/2064^(a)		81,398		81,251
Series 2014-H19, Class HA,
3.000%, 09/20/2064		9,845		9,512
Series 2015-100, Class PD,
3.000%, 07/20/2045		149,655		136,191
Series 2015-63, Class KA,
3.000%, 04/20/2040		33,494		28,132
Series 2015-84, Class QA,
3.500%, 06/20/2045		159,169		142,183
Series 2015-91, Class QA,
2.818%, 05/20/2045^(a)		1,322,105		1,148,988
Series 2015-H09, Class FA,
1M CME TERM SOFR + 0.73%, 04/20/2065^(a)		47,469		47,559
Series 2015-H12, Class FB,
1M CME TERM SOFR + 0.71%, 05/20/2065^(a)		14,238		14,257
Series 2015-H15, Class FC,
1M CME TERM SOFR + 0.69%, 06/20/2065^(a)		24,043		24,073
Series 2015-H22, Class FC,
1M CME TERM SOFR + 0.71%, 09/20/2065^(a)		10,820		10,836
Series 2015-H26, Class FA,
1M CME TERM SOFR + 0.63%, 10/20/2065^(a)		9,608		9,602
Series 2015-H26, Class FG,
1M CME TERM SOFR + 0.63%, 10/20/2065^(a)		52,553		52,524
Series 2015-H27, Class FA,
1M CME TERM SOFR + 0.86%, 09/20/2065^(a)		389,245		390,690
Series 2015-H29, Class FA,
1M CME TERM SOFR + 0.81%, 10/20/2065^(a)		317		318
Series 2015-H30, Class FE,
1M CME TERM SOFR + 0.71%, 11/20/2065^(a)		9,549		9,553
Series 2015-H31, Class FT,
1M CME TERM SOFR + 0.76%, 11/20/2065^(a)		2,656		2,667
Series 2015-H32, Class FH,
1M CME TERM SOFR + 0.77%, 12/20/2065^(a)		28,256		28,295

	Principal Amount		Value (Note 2)
Series 2016-120, Class KA,
2.000%, 09/20/2046	$	4,738	$	2,557
Series 2016-136, Class MY,
2.500%, 10/20/2046		100,000		64,047
Series 2016-136, Class PJ,
3.500%, 01/20/2046		188,257		153,841
Series 2016-163, Class B,
3.000%, 10/20/2046		119,000		90,429
Series 2016-19, Class AC,
3.000%, 02/20/2046		259,000		213,065
Series 2016-46, Class Z,
3.000%, 04/20/2046		131,871		81,543
Series 2016-82, Class BA,
3.000%, 09/20/2045		8,622		8,573
Series 2016-H06, Class FC,
1M CME TERM SOFR + 1.03%, 02/20/2066^(a)		25,564		25,707
Series 2016-H08, Class FT,
1M CME TERM SOFR + 0.83%, 02/20/2066^(a)		15,827		15,875
Series 2016-H11, Class F,
1M CME TERM SOFR + 0.91%, 05/20/2066^(a)		791,275		794,925
Series 2016-H13, Class FT,
1M CME TERM SOFR + 0.69%, 05/20/2066^(a)		396		396
Series 2016-H14, Class FA,
1M CME TERM SOFR + 0.91%, 06/20/2066^(a)		99,787		100,199
Series 2016-H15, Class FA,
1M CME TERM SOFR + 0.91%, 07/20/2066^(a)		246,770		247,932
Series 2016-H17, Class FC,
1M CME TERM SOFR + 0.94%, 08/20/2066^(a)		47,308		47,552
Series 2016-H17, Class FK,
1M CME TERM SOFR + 0.96%, 07/20/2066^(a)		13,662		13,756
Series 2016-H17, Class HA,
2.250%, 03/20/2066		16,334		15,720
Series 2016-H20, Class PT,
6.890%, 09/20/2066^(a)		128,846		131,994
Series 2016-H23, Class F,
1M CME TERM SOFR + 0.86%, 10/20/2066^(a)		34,751		34,885
Series 2016-H23, Class PT,
6.740%, 09/20/2066^(a)		133,707		136,139
Series 2016-H24, Class FG,
1M CME TERM SOFR + 0.86%, 10/20/2066^(a)		105,668		106,027
Series 2016-H26, Class FC,
1M CME TERM SOFR + 1.11%, 12/20/2066^(a)		27,138		27,345
Series 2017-150, Class JE,
3.000%, 07/20/2047		46,261		42,956
Series 2017-170, Class MC,
2.500%, 10/20/2047		40,754		36,499

	Principal Amount		Value (Note 2)
Series 2017-36, Class MJ,
3.000%, 03/20/2047	$	28,502	$	24,528
Series 2017-56, Class AZ,
3.000%, 04/20/2047		126,043		103,508
Series 2017-80, Class BJ,
3.000%, 03/20/2047		68,450		63,216
Series 2017-80, Class LO,
–%, 05/20/2047^(b)		79,751		60,115
Series 2017-H06, Class FE,
1M CME TERM SOFR + 0.66%, 02/20/2067^(a)		16,381		16,384
Series 2017-H14, Class FD,
1M CME TERM SOFR + 0.58%, 06/20/2067^(a)		28,410		28,370
Series 2017-H15, Class FC,
1M CME TERM SOFR + 0.58%, 06/20/2067^(a)		39,879		39,801
Series 2017-H16, Class PT,
4.400%, 05/20/2066^(a)		5,378		5,280
Series 2017-H17, Class FG,
1M CME TERM SOFR + 0.61%, 08/20/2067^(a)		5,120		5,116
Series 2017-H22, Class FH,
1Y CME TERM SOFR + 0.93%, 11/20/2067^(a)		83,456		83,704
Series 2018-131, Class QA,
3.000%, 12/20/2047		211,470		190,951
Series 2018-160, Class AD,
3.500%, 02/20/2048		156,851		147,718
Series 2018-36, Class CZ,
4.000%, 03/20/2048		309,956		265,660
Series 2018-37, Class C,
2.500%, 01/20/2046		92,473		86,206
Series 2018-H07, Class FD,
1M CME TERM SOFR + 0.41%, 05/20/2068^(a)		29,430		29,316
Series 2018-H09, Class FA,
1Y CME TERM SOFR + 1.22%, 04/20/2068^(a)		322,057		326,157
Series 2019-1, Class EY,
4.000%, 10/20/2048		1,066,499		948,874
Series 2019-103, Class EK,
4.000%, 04/20/2049		2,575,879		2,368,918
Series 2019-111, Class TE,
2.000%, 09/20/2049		30,620		25,143
Series 2019-128, Class AL,
2.500%, 10/20/2049		300,000		199,960
Series 2019-15, Class A,
0.430%, 07/20/2048^(a)		300,226		179,761
Series 2019-18, Class HD,
3.500%, 02/20/2049		165,000		145,432
Series 2019-36, Class PD,
3.000%, 02/20/2049		187,283		165,761
Series 2019-H01, Class FT,
1M CME TERM SOFR + 0.51%, 10/20/2068^(a)		8,681		8,680

	Principal Amount		Value (Note 2)
Series 2019-H04, Class BA,
3.000%, 01/20/2069	$	1,078	$	1,075
Series 2019-H05, Class FT,
1Y US TI + 0.43%, 04/20/2069^(a)		8,649		8,652
Series 2019-H08, Class FM,
1M CME TERM SOFR + 0.76%, 05/20/2069^(a)		1,658,328		1,660,645
Series 2020-122, Class GZ,
3.000%, 08/20/2050		279,387		163,885
Series 2020-125, Class GA,
2.500%, 03/20/2050		258,381		217,459
Series 2020-125, Class GC,
2.500%, 08/20/2050		19,500		16,051
Series 2020-127, Class LZ,
1.500%, 08/20/2050		584,620		225,794
Series 2020-134, Class ZU,
3.000%, 09/20/2050		120,836		64,074
Series 2020-148, Class ZP,
2.000%, 10/20/2050		238,936		97,066
Series 2020-149, Class LU,
1.000%, 10/20/2050		199,995		87,013
Series 2020-153, Class ML,
2.500%, 10/20/2050		231,684		194,412
Series 2020-153, Class MP,
2.500%, 10/20/2050		245,857		206,214
Series 2020-187, Class KZ,
2.000%, 12/20/2050		173,296		69,924
Series 2020-32, Class UM,
2.500%, 03/20/2050		940,143		791,058
Series 2020-5, Class LC,
3.500%, 10/20/2049		78,264		73,420
Series 2020-62, Class PD,
3.000%, 05/20/2050		386,592		328,003
Series 2020-62, Class WD,
0.420%, 05/20/2050^(a)		488,945		277,575
Series 2020-83, Class ML,
3.000%, 06/20/2050		64,741		57,094
Series 2020-98, Class CE,
3.000%, 07/20/2050		910,660		827,168
Series 2020-H01, Class FT,
1Y US TI + 0.50%, 01/20/2070^(a)		8,375		8,385
Series 2020-H02, Class DA,
2.250%, 12/20/2069		7,923		7,877
Series 2020-H04, Class FP,
1M CME TERM SOFR + 0.61%, 06/20/2069^(a)		84,026		83,971
Series 2020-H12, Class FE,
1M CME TERM SOFR + 1.21%, 06/20/2070^(a)		898,130		910,460
Series 2020-H13, Class FA,
1M CME TERM SOFR + 0.56%, 07/20/2070^(a)		182,141		180,868
Series 2021-104, Class AL,
1.500%, 06/20/2051		120,000		54,334

	Principal Amount		Value (Note 2)
Series 2021-116, Class LZ,
2.500%, 07/20/2051	$	356,146	$	217,397
Series 2021-116, Class WZ,
2.000%, 07/20/2051		395,484		216,114
Series 2021-142, Class PZ,
0.750%, 08/20/2051		311,265		179,901
Series 2021-146, Class DE,
1.750%, 08/20/2051		309,254		279,218
Series 2021-146, Class PO,
–%, 07/20/2051^(b)		338,715		117,238
Series 2021-158, Class GK,
2.000%, 09/20/2051		150,492		92,057
Series 2021-205, Class NK,
1.500%, 11/20/2051		215,000		116,258
Series 2021-25, Class HA,
2.000%, 02/20/2051		653,323		526,546
Series 2021-8, Class AQ,
5.000%, 01/20/2051		120,458		116,158
Series 2021-8, Class KZ,
2.000%, 01/20/2051		162,962		57,980
Series 2021-H01, Class FA,
1M CME TERM SOFR + 1.36%, 11/20/2070^(a)		2,581,194		2,625,429
Series 2021-H12, Class GA,
4.520%, 07/20/2071^(a)		26,136		25,957
Series 2022-100, Class EB,
3.000%, 06/20/2052		1,729,475		1,267,297
Series 2022-104, Class KY,
4.500%, 06/20/2052		383,627		331,011
Series 2022-112, Class BM,
3.000%, 06/20/2052		344,718		249,392
Series 2022-126, Class BY,
3.000%, 07/20/2052		960,094		565,174
Series 2022-127, Class UL,
2.000%, 07/20/2052		309,557		144,744
Series 2022-127, Class WC,
3.500%, 07/20/2052		329,622		202,502
Series 2022-137, Class PL,
4.000%, 08/20/2052		288,633		214,494
Series 2022-20, Class KZ,
2.500%, 01/20/2052		116,370		46,463
Series 2022-212, Class DZ,
5.500%, 12/20/2052		3,002,872		2,962,093
Series 2022-44, Class KZ,
4.500%, 03/20/2052		652,341		556,028
Series 2022-51, Class HZ,
3.000%, 03/20/2052		322,432		171,535
Series 2022-68, Class MD,
3.500%, 04/20/2052		223,000		159,157
Series 2022-76, Class PA,
4.000%, 04/20/2052		547,406		530,655
Series 2022-78, Class YX,
4.500%, 01/20/2051		542,247		536,202
Series 2022-H06, Class AB,
3.844%, 07/20/2067^(a)		26,084		25,675

	Principal Amount		Value (Note 2)
Series 2023-150, Class JD,
6.000%, 10/20/2053	$	407,200	$	404,848
Series 2023-173, Class DX,
6.000%, 11/20/2053		2,720,000		2,728,312
Series 2023-47, Class HZ,
5.500%, 03/20/2053		1,495,687		1,431,085
Series 2023-55, Class EB,
6.000%, 04/20/2053		14,565,313		14,744,137
Series 2023-55, Class HB,
6.500%, 04/20/2053		2,093,918		2,153,038
Series 2023-57, Class CV,
5.000%, 04/20/2034		1,641,083		1,641,666
Series 2023-59, Class GL,
6.000%, 04/20/2053		6,392,756		6,387,152
Series 2023-68, Class HB,
6.500%, 05/20/2053		7,427,565		7,666,300
				83,152,279

Vendee Mortgage Trust 2011-2
Series 2011-2, Class DZ,
3.750%, 10/15/2041		705,030		648,021

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $250,427,167)				241,486,659

	Principal Amount		Value (Note 2)
COMMERCIAL MORTGAGE-BACKED SECURITIES (1.21%)

Fannie Mae-Aces
Series 2001-M1, Class D,
6.460%, 02/25/2031^(a)		42,499		42,570
Series 2006-M2, Class A3F,
5.345%, 09/25/2031^(a)		108,890		108,764
Series 2013-M6, Class 1AC,
3.294%, 02/25/2043^(a)		8,675,097		8,332,507
Series 2016-M11, Class AL,
2.944%, 07/25/2039		289,830		259,694
Series 2018-M15, Class 1A2,
3.700%, 01/25/2036		470,000		437,267
Series 2019-M24, Class 2XA,
1.148%, 03/25/2031^(a)(c)		7,385,190		307,513
Series 2020-M1, Class A2,
2.444%, 10/25/2029		300,000		281,296
Series 2020-M10, Class X1,
1.771%, 12/25/2030^(a)(c)		748,399		35,769
Series 2020-M10, Class X4,
0.884%, 07/25/2032^(a)(c)		55,590,590		2,022,925
Series 2020-M12, Class IO,
1.282%, 07/25/2029^(a)(c)		56,549,271		1,411,685
Series 2020-M13, Class X2,
1.221%, 09/25/2030^(a)(c)		10,211,959		254,084
Series 2022-M5, Class A1,
2.334%, 01/01/2034^(a)		256,084		239,625

	Principal Amount		Value (Note 2)
Series 2022-M8, Class A2,
1.936%, 12/25/2031^(a)	$	100,000	$	86,934
				13,820,633

Freddie Mac Multiclass Certificates Series 2020-P003
Series 2020-P003, Class A3,
1.956%, 09/25/2046		1,600,000		1,249,175

Freddie Mac Multifamily Structured Pass Through Certificates
Series 2017-K153, Class X1,
0.260%, 10/25/2031^(a)(c)		95,827,784		742,474
Series 2017-Q006, Class A2,
3.139%, 04/25/2028^(a)		3,988,453		3,848,467
Series 2018-K154, Class X1,
0.282%, 11/25/2032^(a)(c)		130,039,548		1,643,752
Series 2018-K156, Class X1,
0.068%, 06/25/2033^(a)(c)		612,344,815		3,028,045
Series 2018-K158, Class X1,
0.065%, 10/25/2033^(a)(c)		343,017,476		2,001,541
Series 2019-KLU2, Class X1,
1.257%, 08/25/2029^(a)(c)		55,914,845		1,686,537
Series 2020-Q013, Class APT2,
1.240%, 04/25/2027^(a)		2,758,338		2,711,857
Series 2021-1521, Class X1,
0.977%, 08/25/2036^(a)(c)		15,446,472		1,084,721
Series 2021-KLU3, Class X1,
1.916%, 01/25/2031^(a)(c)		165,909,270		9,868,864
				26,616,258

TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES
(Cost $44,572,704)				41,686,066

	Principal Amount		Value (Note 2)
MORTGAGE-BACKED SECURITIES (10.35%)

Fannie Mae Pool
Series 2003-386375,
4.790%, 08/01/2028		294,261		293,552
Series 2005-843080,
6.000%, 12/01/2034		85,604		86,140
Series 2006-,
6.000%, 02/01/2036		81,677		82,126
Series 2007-943003,
5.500%, 08/01/2047		72,226		72,091
Series 2009-,
4.500%, 06/01/2039		228,384		220,319
Series 2009-463331,
5.250%, 08/01/2029		300,335		303,587
Series 2009-931707,
4.500%, 08/01/2039		75,722		72,651
Series 2010-,
3.500%, 10/01/2040		233,166		214,211
Series 2011-469013,
5.470%, 08/01/2026		908,145		905,875

	Principal Amount		Value (Note 2)
Series 2011-AH9290,
4.000%, 04/01/2041	$	17,429	$	16,162
Series 2012-,
3.000%, 12/01/2042		79,435		70,063
3.000%, 01/01/2043		98,468		87,821
3.040%, 12/01/2030		1,056,268		991,865
3.500%, 04/01/2042		41,773		37,870
Series 2012-470020,
4.200%, 01/01/2030		1,444,731		1,425,549
Series 2012-AM1387,
3.260%, 11/01/2032		76,216		73,155
Series 2012-MA1214,
3.000%, 10/01/2042		453,479		404,471
Series 2013-,
3.000%, 01/01/2043		222,872		198,781
3.000%, 02/01/2043		287,960		253,987
3.000%, 04/01/2043		174,981		154,334
3.000%, 07/01/2043		193,657		170,807
3.000%, 08/01/2043		53,518		47,893
3.380%, 05/01/2028		221,667		218,117
4.410%, 09/01/2028		78,543		78,375
Series 2013-AM4781,
4.180%, 11/01/2028		1,090,653		1,082,971
Series 2013-AR2289,
3.000%, 02/01/2033		123,381		117,831
Series 2013-AT9663,
2.500%, 07/01/2043		295,678		247,574
Series 2013-MA1586,
3.000%, 08/01/2043		130,923		116,770
Series 2014-,
3.000%, 06/01/2053		885,958		758,696
3.300%, 11/01/2026		242,440		241,451
3.730%, 07/01/2034		469,861		455,024
4.060%, 03/01/2030		432,052		423,933
Series 2015-,
3.180%, 07/01/2035		614,670		552,267
3.390%, 07/01/2035		174,526		160,888
3.500%, 10/01/2045		1,042,839		945,272
3.600%, 02/01/2040		205,541		189,332
3.610%, 08/01/2030		300,000		288,938
4.000%, 01/01/2041		77,432		72,811
4.500%, 06/01/2045		105,419		101,867
Series 2015-AM8666,
2.960%, 06/01/2030		156,496		147,812
Series 2015-AM8918,
3.250%, 09/01/2030		731,000		693,075
Series 2015-AM9173,
3.110%, 06/01/2027		215,151		212,755
Series 2016-,
3.158%, 07/01/2036^(a)		1,565,193		1,389,181
6.000%, 07/01/2039		75,140		76,185
Series 2016-AL8405,
4.500%, 05/01/2041		76,353		73,586
Series 2016-AN3542,
3.410%, 11/01/2046		324,817		275,170

	Principal Amount		Value (Note 2)
Series 2016-AN3749,
2.520%, 12/01/2026	$	412,564	$	409,523
Series 2016-BC0943,
3.500%, 05/01/2046		235,656		214,191
Series 2017-,
2.000%, 01/01/2032		77,363		72,464
2.880%, 09/01/2027		4,474,053		4,400,471
3.000%, 10/01/2027		1,166,634		1,148,199
3.010%, 07/01/2027		242,183		239,086
3.160%, 07/01/2027		140,493		138,906
3.170%, 01/01/2029		190,311		183,968
3.200%, 01/01/2029		135,611		131,710
3.210%, 11/01/2032		100,000		91,768
3.235%, 02/01/2032		130,264		121,431
3.350%, 01/01/2029		167,551		163,702
3.500%, 06/01/2047		219,251		197,646
Series 2017-AN4431,
3.220%, 01/01/2027		85,000		84,442
Series 2017-AN4529,
3.620%, 01/01/2027		751,152		747,961
Series 2017-AN4833,
3.320%, 04/01/2027		94,634		93,902
Series 2017-AN5279,
3.340%, 04/01/2029		414,443		402,442
Series 2017-AN5742,
3.190%, 05/01/2030		125,493		119,125
Series 2017-AN5796,
3.030%, 06/01/2027		251,199		248,330
Series 2017-AN6670,
3.210%, 09/01/2027		1,773,892		1,746,483
Series 2017-AN7060,
2.930%, 10/01/2027		1,780,000		1,746,129
Series 2017-AN7234,
3.010%, 12/01/2027		938,147		921,234
Series 2017-AN7384,
2.880%, 12/01/2027		44,785		43,893
Series 2017-AN7547,
3.370%, 11/01/2027		998,932		983,232
Series 2017-AN7823,
2.890%, 12/01/2027		228,627		224,085
Series 2017-CA0522,
3.000%, 10/01/2047		156,465		134,883
Series 2018-,
3.000%, 02/01/2033		34,132		32,597
3.000%, 04/01/2048		720,052		634,173
3.320%, 04/01/2028		550,000		539,367
3.430%, 03/01/2033		943,050		875,675
3.485%, 04/01/2028		6,350,000		6,250,474
3.500%, 09/01/2028		130,000		127,488
3.500%, 05/01/2048		152,265		146,151
3.545%, 04/01/2028		618,135		609,030
3.740%, 07/01/2028		175,000		172,610
3.940%, 10/01/2036		304,599		281,446
4.010%, 12/01/2030		289,456		282,351
4.500%, 09/01/2040		91,548		87,018

	Principal Amount		Value (Note 2)
4.500%, 07/01/2041	$	216,261	$	206,739
4.500%, 08/01/2041		189,910		184,977
5.500%, 08/01/2048		412,336		415,381
6.000%, 08/01/2048		98,277		100,278
Series 2018-109435,
3.890%, 08/01/2028		1,748,392		1,723,874
Series 2018-387770,
3.625%, 07/01/2028		2,570,000		2,529,409
Series 2018-387983,
3.630%, 08/01/2028		1,908,055		1,863,155
Series 2018-AN8272,
3.170%, 02/01/2028		100,000		98,171
Series 2018-AN8493,
3.300%, 02/01/2030		390,701		374,657
Series 2018-AN8982,
3.440%, 05/01/2028		965,409		948,781
Series 2018-AN9976,
3.960%, 02/01/2030		470,000		457,410
Series 2019-,
2.520%, 11/01/2029		133,954		125,779
2.820%, 10/01/2039		885,905		724,629
3.000%, 08/01/2049		54,009		47,208
3.500%, 08/01/2048		97,168		87,865
3.940%, 06/01/2035		2,566,870		2,401,533
4.000%, 07/01/2048		500,597		465,551
4.070%, 11/01/2026		125,975		125,571
4.500%, 08/01/2058		323,397		304,341
5.500%, 06/01/2049		127,486		129,603
6.000%, 05/01/2049		1,440,163		1,494,487
Series 2019-BL1300,
4.200%, 01/01/2029		1,375,000		1,363,551
Series 2019-BL1567,
3.590%, 02/01/2029		2,666,425		2,599,444
Series 2019-BL1596,
3.480%, 03/01/2029		152,174		148,480
Series 2019-BL2460,
3.400%, 05/01/2029		536,268		520,565
Series 2019-BM6011,
3.520%, 11/01/2026^(a)		5,617		5,598
Series 2019-BM6152,
3.500%, 06/01/2044		770,750		708,228
Series 2019-MA3784,
3.500%, 09/01/2049		1,853,139		1,633,673
Series 2020-,
1.400%, 11/01/2032		7,945,000		6,512,915
1.500%, 01/01/2036		485,671		427,063
2.150%, 09/01/2029		500,000		464,452
3.000%, 03/01/2050		196,417		166,875
3.500%, 04/01/2050		155,185		136,805
Series 2021-,
1.710%, 08/01/2031		751,000		652,040
3.500%, 11/01/2051		675,625		595,604
Series 2022-,
2.030%, 12/01/2028		97,298		92,133
2.150%, 03/01/2029		150,000		140,277

	Principal Amount		Value (Note 2)
2.400%, 03/01/2029	$	138,440	$	131,293
3.130%, 01/01/2029		142,138		137,464
3.790%, 05/01/2032		2,148,000		2,013,707
3.890%, 07/01/2032		690,000		658,007
3.910%, 06/01/2032		1,181,000		1,114,386
3.980%, 10/01/2032		700,000		670,537
4.110%, 09/01/2032		1,815,000		1,733,018
4.140%, 08/01/2032		2,038,000		1,947,817
4.240%, 07/01/2032		1,637,921		1,576,789
4.520%, 10/01/2032		1,209,000		1,178,230
5.080%, 10/01/2029		937,520		948,343
5.120%, 11/01/2032		2,979,000		2,993,791
5.250%, 10/01/2032		7,898,000		7,991,004
5.440%, 12/01/2032		2,122,000		2,157,916
5.500%, 07/01/2042		1,020,211		1,032,823
5.500%, 11/01/2052		9,498,181		9,536,406
5.620%, 11/01/2032		2,901,983		2,980,920
6.500%, 11/01/2052		1,919,431		1,962,394
Series 2023-,
1.500%, 01/01/2042		3,496,840		2,909,946
4.885%, 03/01/2033		750,000		753,327
5.030%, 04/01/2028		4,957,000		4,943,339
5.470%, 11/01/2033		995,189		1,006,481
5.500%, 02/01/2053		6,079,503		6,061,221
5.555%, 01/01/2030		8,933,000		9,049,132
6.000%, 02/01/2053		372,190		378,875
6.500%, 06/01/2043		1,917,638		1,982,700
6.500%, 04/01/2053		1,566,153		1,622,468
6.500%, 05/01/2053		4,942,656		5,199,677
6.500%, 06/01/2053		1,052,619		1,089,792
6.500%, 08/01/2053		5,333,052		5,544,251
7.000%, 04/01/2053		465,907		482,459
7.500%, 01/01/2054		199,330		211,117
Series 2024-,
5.340%, 07/01/2029		10,000,000		10,055,907
7.000%, 02/01/2054		559,067		589,581
7.000%, 05/01/2054		903,709		953,527
7.500%, 01/01/2054		706,826		737,411
				165,463,935

Freddie Mac
Series 2005-2936, Class FC,
30D US SOFR + 0.51%, 03/15/2029^(a)		4,800		4,790

Freddie Mac Gold Pool
Series 2005-,
5.500%, 12/01/2035		138,521		134,316
Series 2006-,
6.000%, 01/01/2036		12,180		12,003
Series 2007-,
5.500%, 11/01/2037		50,498		50,071
Series 2012-,
3.500%, 08/01/2042		90,108		81,569
Series 2013-G80393,
5.000%, 08/20/2036		83,917		82,622

	Principal Amount		Value (Note 2)
Series 2013-T65180,
3.000%, 11/01/2043	$	75,032	$	66,355
Series 2015-,
3.000%, 08/01/2045		1,275,364		1,122,889
Series 2015-U49046,
4.000%, 02/01/2029		6,328		6,278
Series 2016-,
3.500%, 06/01/2046		295,075		268,549
				1,824,652

Freddie Mac Pool
Series 2018-,
3.000%, 05/01/2045		174,614		154,335
3.000%, 09/01/2045		467,955		413,879
3.000%, 12/01/2045		336,040		290,533
3.500%, 12/01/2045		45,098		40,655
Series 2020-,
2.000%, 06/01/2050		767,647		588,083
Series 2021-,
2.190%, 06/01/2034		141,905		118,716
Series 2022-,
3.000%, 02/01/2046		3,107,701		2,686,915
Series 2023-,
4.600%, 01/01/2033		6,743,000		6,593,923
4.750%, 01/01/2033		16,673,950		16,413,147
4.900%, 01/01/2033		5,000,000		4,962,407
5.500%, 02/01/2053		6,510,104		6,488,827
6.500%, 04/01/2053		15,590,971		16,138,596
6.500%, 05/01/2053		6,934,816		7,221,077
6.500%, 08/01/2053		2,233,136		2,321,777
7.000%, 01/01/2053		1,707,821		1,798,255
Series 2024-,
5.030%, 02/01/2029		5,000,000		5,002,922
7.000%, 08/01/2054		1,261,114		1,306,045
				72,540,092

Ginnie Mae I Pool
Series 2010-,
4.500%, 08/15/2040		237,496		225,425
Series 2013-,
3.000%, 03/15/2043		282,686		253,376
				478,801

Ginnie Mae II Pool
Series 2010-,
4.000%, 09/20/2040		59,378		54,159
4.000%, 11/20/2040		61,696		56,277
4.000%, 12/20/2040		136,348		125,641
4.500%, 08/20/2040		222,863		210,771
4.875%, 01/20/2035		104,453		101,542
1M US SOFR + 2.57%, 08/20/2060^(a)		58,086		60,676
Series 2011-,
4.000%, 09/20/2041		116,264		107,642
4.500%, 07/20/2041		49,707		48,339
Series 2012-,
3.500%, 03/20/2042		266,306		231,851
3.500%, 04/20/2042		54,069		47,074

	Principal Amount		Value (Note 2)
3.500%, 05/20/2042	$	93,631	$	81,515
3.500%, 06/20/2042		55,297		48,142
3.500%, 08/20/2042		62,998		54,846
3.500%, 09/20/2042		51,291		44,653
3.500%, 10/20/2042		63,337		55,140
3.500%, 12/20/2042		176,589		153,734
4.000%, 02/20/2042		17,522		15,981
4.000%, 04/20/2042		72,405		66,039
4.000%, 09/20/2042		82,804		76,261
Series 2012-5302,
3.500%, 02/20/2042		155,034		134,970
Series 2013-,
2.500%, 02/20/2043		94,545		79,139
3.000%, 06/20/2043		157,511		137,335
3.000%, 08/20/2043		317,938		282,799
3.250%, 04/20/2033		155,552		148,165
3.500%, 04/20/2043		165,237		143,849
3.500%, 05/20/2043		75,478		66,528
3.500%, 06/20/2043		73,232		64,635
4.000%, 09/20/2043		237,815		218,016
Series 2013-MA1149,
3.000%, 07/20/2043		9,453		8,150
Series 2014-,
4.500%, 02/20/2034		205,117		201,723
4.500%, 06/20/2034		401,987		395,678
4.500%, 02/20/2044		180,486		176,676
4.500%, 05/20/2044		666,664		632,430
1M US SOFR + 2.37%, 02/20/2064^(a)		115,004		117,416
Series 2015-,
3.000%, 01/20/2040		180,636		158,306
3.500%, 06/20/2035		172,276		163,306
3.750%, 05/20/2045		84,303		75,534
4.500%, 08/20/2045		472,931		449,362
Series 2016-,
2.500%, 05/20/2031		100,617		96,198
3.000%, 06/20/2046		200,066		175,001
3.000%, 07/20/2046		167,381		145,421
3.500%, 06/20/2046		311,211		274,899
4.500%, 09/20/2045		206,456		195,793
4.500%, 03/20/2046		130,179		127,594
Series 2016-MA3588,
3.500%, 04/20/2046		201,612		175,537
Series 2016-MA3793,
3.500%, 07/20/2046		563,010		490,189
Series 2016-MA3865,
3.500%, 08/20/2046		352,276		306,711
Series 2017-,
2.500%, 01/20/2032		128,083		122,439
3.000%, 11/20/2032		154,462		147,557
3.500%, 10/20/2047		150,036		132,712
3.500%, 12/20/2047		570,291		500,281
4.378%, 01/20/2067^(a)		63,700		63,020
Series 2018-,
3.500%, 02/20/2036		1,419,402		1,352,248

	Principal Amount		Value (Note 2)
3.500%, 08/20/2047	$	88,176	$	78,745
3.500%, 01/20/2048		49,008		43,378
3.500%, 04/20/2048		351,862		313,853
4.000%, 05/20/2048		1,865,434		1,698,181
4.000%, 09/20/2048		1,792,562		1,633,054
4.500%, 07/20/2048		451,418		420,718
4.500%, 09/20/2048		203,827		193,733
5.500%, 10/20/2048		347,803		351,006
Series 2019-,
3.500%, 12/20/2047		331,816		299,775
3.500%, 08/20/2049		336,304		297,268
3.500%, 12/20/2049		110,816		96,037
4.000%, 04/20/2049		81,934		73,339
4.500%, 09/20/2049		300,161		284,129
4.500%, 11/20/2049		618,869		580,933
5.500%, 06/20/2049		48,101		48,265
6.000%, 01/20/2049		288,678		299,318
Series 2019-784688,
5.000%, 02/20/2049		510,646		496,830
Series 2019-MA5864,
3.000%, 04/20/2049		19,511		17,002
Series 2019-MA5920,
3.000%, 05/20/2049		5,372		4,633
Series 2019-MA5936,
6.500%, 05/20/2049		27,020		28,671
Series 2020-,
2.000%, 11/20/2050		2,501,194		1,980,732
2.500%, 01/20/2050		134,113		110,893
3.000%, 11/20/2050		124,712		107,123
3.500%, 12/20/2049		1,443,354		1,234,487
3.500%, 10/20/2050		160,661		140,488
4.000%, 02/20/2050		317,338		288,456
4.000%, 04/20/2050		502,070		453,119
4.000%, 05/20/2050		137,079		122,703
4.000%, 11/20/2050		650,244		578,073
Series 2021-,
2.000%, 09/20/2051		1,949,656		1,539,600
3.000%, 08/20/2051		722,212		635,286
4.000%, 02/20/2051		157,696		141,178
4.000%, 03/20/2051		1,479,095		1,347,691
Series 2022-,
3.000%, 12/20/2044		1,603,084		1,392,368
3.000%, 05/20/2052		2,712,409		2,317,067
4.000%, 08/20/2052		1,583,524		1,435,239
4.000%, 09/20/2052		9,649,333		8,731,932
5.000%, 05/20/2052		803,980		774,194
5.000%, 06/20/2052		559,437		544,146
6.000%, 12/20/2052		1,226,271		1,252,091
Series 2023-,
5.500%, 05/20/2053		3,849,971		3,898,155
6.000%, 08/20/2053		10,474,214		10,863,139
6.500%, 04/20/2053		7,144,151		7,509,544
6.500%, 10/20/2053		8,122,986		8,477,983
6.500%, 11/20/2053		1,204,278		1,255,161
7.000%, 10/20/2053		2,371,192		2,493,257

	Principal Amount		Value (Note 2)
8.000%, 12/20/2063	$	820,281	$	863,270
Series 2024-,
3.000%, 10/20/2050		4,202,213		3,613,346
6.000%, 06/20/2054		2,194,425		2,248,232
6.000%, 11/20/2064		7,307,918		7,452,709
6.500%, 04/20/2064		342,026		354,484
6.500%, 05/20/2064		1,779,585		1,844,407
6.500%, 10/20/2064		3,123,744		3,237,527
7.000%, 04/20/2054		1,835,953		1,901,965
8.000%, 12/20/2053		940,577		972,946
8.000%, 08/20/2054		1,369,814		1,424,319
8.000%, 12/20/2063		2,251,193		2,362,997
Series 2025-,
6.500%, 07/20/2055		3,314,538		3,344,502
6.500%, 01/20/2065		10,304,092		10,681,497
				116,785,074

TOTAL MORTGAGE-BACKED SECURITIES
(Cost $359,524,720)				357,097,344

	Principal Amount		Value (Note 2)
CORPORATE BONDS (40.31%)

Aerospace & Defense (3.97%)
Boeing Co.
6.53%, 05/01/2034		15,220,000		16,305,950
7.01%, 05/01/2064		26,208,000		28,348,053
General Dynamics Corp.
4.95%, 08/15/2035		5,235,000		5,144,684
General Electric Co.
4.90%, 01/29/2036		7,956,000		7,774,971
HEICO Corp.
4.95%, 08/01/2031		3,589,000		3,579,219
5.40%, 08/01/2036		3,589,000		3,554,075
Honeywell Aerospace, Inc.
4.30%, 03/16/2031^(e)		4,118,000		4,007,647
4.95%, 03/16/2036^(e)		8,770,000		8,457,341
5.73%, 03/16/2056^(e)		8,724,000		8,315,040
Howmet Aerospace, Inc.
4.75%, 04/15/2036		3,689,000		3,513,135
L3Harris Technologies, Inc.
5.35%, 06/01/2034		13,800,000		13,787,482
Lockheed Martin Corp.
5.00%, 08/15/2035		11,902,000		11,741,943
RTX Corp.
6.10%, 03/15/2034		21,275,000		22,438,305
Total Aerospace & Defense				136,967,845

Airlines (1.41%)
Alaska Airlines 2020-1 Class A Pass Through Trust
4.80%, 08/15/2027^(e)		4,590,167		4,593,274
Alaska Airlines, Inc.
6.50%, 06/01/2031^(e)		5,384,000		5,355,928
AS Mileage Plan IP, Ltd.
5.02%, 10/20/2029^(e)		11,250,000		11,089,390
5.31%, 10/20/2031^(e)		8,000,000		7,765,573

	Principal Amount		Value (Note 2)
Southwest Airlines Co.
5.25%, 11/15/2035	$	5,442,000	$	5,161,487
United Airlines 2020-1 Class A Pass Through Trust
5.88%, 10/15/2027		2,790,483		2,820,146
United Airlines Holdings, Inc.
4.88%, 03/01/2029		8,471,000		8,362,476
5.38%, 03/01/2031		3,529,000		3,487,175
Total Airlines				48,635,449

Apparel & Textile Products (1.10%)
Gildan Activewear, Inc.
5.40%, 10/07/2035^(e)		20,660,000		19,846,465
VF Corp.
2.95%, 04/23/2030		19,978,000		17,964,160
Total Apparel & Textile Products				37,810,625

Automobiles Manufacturing (1.55%)
Ford Motor Credit Co. LLC
6.50%, 02/07/2035		10,853,000		10,982,146
6.80%, 05/12/2028		9,919,000		10,178,727
General Motors Co.
5.63%, 04/15/2030		3,100,000		3,158,999
6.25%, 04/15/2035		7,136,000		7,349,698
General Motors Financial Co., Inc.
5.10%, 09/15/2031		3,645,000		3,624,123
5.45%, 01/08/2036		8,425,000		8,232,790
Hyundai Capital America
4.55%, 01/08/2031^(e)		8,470,000		8,248,329
5.25%, 06/21/2033^(e)		1,824,000		1,794,365
Total Automobiles Manufacturing				53,569,177

Banks (3.85%)
Capital One NA
5.97%, 08/09/2028^(a)		9,250,000		9,390,552
Danske Bank A/S
1Y US TI + 0.95%, 03/01/2028^(a)(e)		6,412,000		6,442,371
1Y US TI + 0.98%, 03/27/2032^(a)(e)		1,155,000		1,143,965
Fifth Third Bancorp
1D US SOFR + 0.95%, 04/29/2032^(a)		8,474,000		8,236,565
First Citizens BancShares, Inc.
1D US SOFR + 1.41%, 03/12/2031^(a)		3,392,000		3,354,234
5Y US TI + 1.97%, 03/12/2040^(a)		18,300,000		17,748,350
First-Citizens Bank & Trust Co.
1D US SOFR + 1.15%, 07/13/2029^(a)		3,233,000		3,225,471
Huntington Bancshares, Inc.
5Y US TI + 1.35%, 01/28/2041^(a)		1,924,000		1,845,128
Pinnacle Financial Partners, Inc.
1D US SOFR + 2.35%, 11/01/2030^(a)		15,900,000		16,183,051
PNC Financial Services Group, Inc.
5Y US TI + 1.17%, 01/25/2041^(a)		12,273,000		11,768,615

	Principal Amount		Value (Note 2)
1D US SOFR + 1.27%, 07/21/2037^(a)	$	5,110,000	$	5,059,393
Regions Bank/Birmingham AL
1D US SOFR + 0.81%, 07/27/2029^(a)		5,140,000		5,131,491
Santander Holdings USA, Inc.
1D US SOFR + 1.60%, 06/05/2037^(a)		3,659,000		3,567,893
US Bancorp
5Y US TI + 0.95%, 11/03/2036^(a)		3,626,000		3,131,123
1D US SOFR + 1.60%, 02/01/2034^(a)		5,218,000		5,060,639
Wells Fargo & Co.
1D US SOFR + 0.97%, 05/20/2032^(a)		4,125,000		4,069,886
1D US SOFR + 1.10%, 01/23/2037^(a)		8,483,000		8,096,739
1D US SOFR + 1.74%, 04/23/2036^(a)		12,576,000		12,657,550
1D US SOFR + 2.02%, 04/24/2034^(a)		6,872,000		6,875,879
Total Banks				132,988,895

Biotechnology (0.30%)
BioMarin Pharmaceutical, Inc.
5.50%, 02/15/2034^(e)		3,588,000		3,502,147
GENMAB A/S/GENMAB FINANCE LLC
6.25%, 12/15/2032^(e)		6,935,000		7,003,088
Total Biotechnology				10,505,235

Cable & Satellite (0.83%)
CCO Holdings LLC / CCO Holdings Capital Corp.
5.00%, 02/01/2028^(e)		7,490,000		7,400,568
7.00%, 02/01/2033^(e)		5,233,000		5,020,150
Sirius XM Radio LLC
5.00%, 08/01/2027^(e)		6,184,000		6,179,124
Space Exploration Technologies Corp.
5.88%, 07/15/2036^(e)		7,272,000		6,797,890
6.65%, 07/15/2056^(e)		3,636,000		3,220,854
Total Cable & Satellite				28,618,586

Casinos & Gaming (0.34%)
Penn Entertainment, Inc.
5.63%, 01/15/2027^(e)		3,574,000		3,588,539
Station Casinos LLC
4.50%, 02/15/2028^(e)		8,119,000		7,988,009
Total Casinos & Gaming				11,576,548

Chemicals (0.70%)
Celanese US Holdings LLC
7.00%, 02/15/2031		8,203,000		8,416,639
Eastman Chemical Co.
4.50%, 02/20/2031		2,103,000		2,044,634
Ecolab, Inc.
4.80%, 06/15/2031		2,733,000		2,720,779
5.15%, 06/15/2033		4,100,000		4,094,990

	Principal Amount		Value (Note 2)
5.35%, 06/15/2036	$	6,868,000	$	6,856,391
Total Chemicals				24,133,433

Consumer Finance (2.23%)
American Express Co.
5Y US TI + 1.15%, 02/08/2041^(a)		1,088,000		1,062,945
1D US SOFR + 1.24%, 10/24/2036^(a)		9,761,000		9,253,766
SOFRINDX + 1.32%, 01/30/2036^(a)(f)		4,155,000		4,152,767
Fidelity National Information Services, Inc.
2.25%, 03/01/2031		6,632,000		5,847,530
4.55%, 03/10/2029		4,115,000		4,079,010
4.80%, 03/10/2031		9,831,000		9,660,078
Fiserv, Inc.
2.65%, 06/01/2030		5,500,000		5,023,928
5.25%, 08/11/2035		5,200,000		4,967,873
5.45%, 03/15/2034		5,000,000		4,875,087
Global Payments, Inc.
4.88%, 11/15/2030		8,650,000		8,417,428
5.55%, 11/15/2035		3,735,000		3,558,934
PayPal Holdings, Inc.
5.55%, 06/01/2036		4,223,000		4,157,808
Rocket Cos., Inc.
6.13%, 08/01/2030^(e)		1,660,000		1,674,362
6.13%, 08/01/2031^(e)		1,894,000		1,903,673
6.50%, 06/15/2034^(e)		2,435,000		2,457,290
Rocket Mortgage LLC
3.88%, 03/01/2031^(e)		2,750,000		2,549,544
Synchrony Financial
3.70%, 08/04/2026		3,192,000		3,191,943
Total Consumer Finance				76,833,966

Consumer Products (0.14%)
L'Oreal SA
5.00%, 05/20/2035^(e)		4,931,000		4,879,445

Consumer Services (0.60%)
Automatic Data Processing, Inc.
5.00%, 05/07/2036		7,330,000		7,144,780
Mobility Global, Inc.
5.45%, 06/15/2031^(e)		5,191,000		5,193,596
6.05%, 06/15/2036^(e)		8,624,000		8,501,372
Total Consumer Services				20,839,748

Diversified Banks (1.46%)
Bank of America Corp.
1D US SOFR + 1.04%, 04/23/2032^(a)		3,925,000		3,852,569
5Y US TI + 1.20%, 09/21/2036^(a)		8,221,000		7,097,460
1D US SOFR + 1.57%, 04/23/2037^(a)		5,490,000		5,350,546
JPMorgan Chase & Co.
1D US SOFR + 0.93%, 04/22/2028^(a)		4,054,000		4,082,271
1D US SOFR + 1.07%, 01/22/2037^(a)		5,571,000		5,317,792

	Principal Amount		Value (Note 2)
5Y US TI + 1.25%, 07/23/2041^(a)	$	5,394,000	$	5,341,509
1D US SOFR + 1.26%, 04/23/2037^(a)		4,120,000		3,996,517
1D US SOFR + 1.30%, 02/05/2037^(a)		5,086,000		4,886,606
1D US SOFR + 1.62%, 01/23/2035^(a)		10,386,000		10,358,944
Total Diversified Banks				50,284,214

Entertainment Content (0.75%)
Discovery Global Holdings, Inc.
5.14%, 03/15/2052		11,673,000		7,448,191
Paramount Global
4.20%, 05/19/2032		3,750,000		3,189,952
4.38%, 03/15/2043		4,248,000		2,598,964
4.95%, 05/19/2050		20,942,000		12,699,510
Total Entertainment Content				25,936,617

Exploration & Production (1.76%)
Ascent Resources Utica Holdings LLC / ARU Finance Corp.
6.63%, 07/15/2033^(e)		575,000		577,875
Hilcorp Energy I LP / Hilcorp Finance Co.
6.25%, 11/01/2028^(e)		5,537,000		5,556,900
7.25%, 02/15/2035^(e)		14,155,000		14,049,991
Occidental Petroleum Corp.
7.88%, 09/15/2031		17,116,000		19,103,852
Permian Resources Operating LLC
5.88%, 07/01/2029^(e)		3,782,000		3,785,459
6.25%, 02/01/2033^(e)		5,925,000		6,034,596
7.00%, 01/15/2032^(e)		8,564,000		8,870,189
SM Energy Co.
8.75%, 07/01/2031^(e)		2,500,000		2,614,963
Total Exploration & Production				60,593,825

Financial Services (4.81%)
Affiliated Managers Group, Inc.
5.50%, 02/15/2036		1,331,000		1,292,814
Bank of New York Mellon Corp.
1D US SOFR + 1.18%, 04/23/2037^(a)		3,680,000		3,572,613
Charles Schwab Corp.
SOFRINDX + 1.05%, 03/03/2027^(a)(f)		9,431,000		9,466,718
1D US SOFR + 1.28%, 05/21/2037^(a)		3,685,000		3,662,678
Citadel Securities Global Holdings LLC
5.13%, 01/27/2032^(e)		1,656,000		1,620,884
5.50%, 06/18/2030^(e)		6,579,000		6,612,812
5.75%, 03/27/2036^(e)		3,695,000		3,600,808
6.20%, 06/18/2035^(e)		9,392,000		9,450,964
Goldman Sachs Group, Inc.
5Y US TI + 1.18%, 02/02/2041^(a)		8,552,000		8,104,356
1D US SOFR + 1.19%, 01/21/2037^(a)		8,506,000		8,104,581
1D US SOFR + 1.55%, 07/23/2035^(a)		8,235,000		8,097,518
1D US SOFR + 1.58%, 04/23/2031^(a)		6,521,000		6,532,933

	Principal Amount		Value (Note 2)
Jane Street Group / JSG Finance, Inc.
6.13%, 11/01/2032^(e)	$	5,091,000	$	5,068,698
6.75%, 05/01/2033^(e)		6,320,000		6,445,446
7.13%, 04/30/2031^(e)		15,700,000		16,212,024
Lseg US Fin Corp.
5.25%, 03/23/2036^(e)		8,098,000		7,893,958
Morgan Stanley
5Y US TI + 1.17%, 01/18/2041^(a)		9,714,000		9,211,144
SOFRINDX + 1.18%, 04/16/2032^(a)(f)		8,725,000		8,559,998
1D US SOFR + 1.18%, 01/30/2037^(a)		5,141,000		4,934,286
SOFRINDX + 1.41%, 04/10/2037^(a)(f)		2,750,000		2,669,877
1D US SOFR + 2.62%, 04/20/2037^(a)		8,349,000		8,209,251
SOFRINDX + 1.43%, 07/17/2037^(a)(f)		3,596,000		3,575,716
1D US SOFR + 1.31%, 10/22/2036^(a)		8,260,000		7,833,879
State Street Corp.
1D US SOFR + 1.49%, 11/01/2034^(a)		2,080,000		1,944,585
UBS Group AG
1D US SOFR + 1.34%, 08/10/2037^(a)(e)		2,199,000		2,119,052
1D US SOFR + 1.34%, 03/23/2037^(a)(e)		11,650,000		11,097,066
Total Financial Services				165,894,659

Health Care Facilities & Services (0.30%)
HCA, Inc.
2.38%, 07/15/2031		11,927,000		10,489,159

Homebuilders (0.02%)
Taylor Morrison Communities, Inc.
5.13%, 08/01/2030^(e)		807,000		805,811

Integrated Oils (0.33%)
Saudi Arabian Oil Co.
4.38%, 02/02/2031^(e)		3,427,000		3,307,530
5.00%, 02/02/2036^(e)		8,556,000		8,223,960
Total Integrated Oils				11,531,490

Internet Media (0.47%)
Alphabet, Inc.
4.70%, 11/15/2035		8,261,000		7,868,462
Sopaipilla Investor LLC
7.53%, 11/30/2048		8,052,000		8,351,330
Total Internet Media				16,219,792

Life Insurance (0.08%)
Jackson Financial, Inc.
6.15%, 01/15/2037		2,725,000		2,664,811

Medical Equipment & Devices Manufacturing (1.32%)
Augusta SpinCo Corp.
4.66%, 03/23/2031		4,417,000		4,345,955
5.25%, 03/23/2036		10,537,000		10,348,429

	Principal Amount		Value (Note 2)
Medline Borrower LP/Medline Co.-Issuer, Inc.
6.25%, 04/01/2029^(e)	$	10,937,000	$	11,135,867
Solventum Corp.
5.45%, 03/13/2031		7,429,000		7,534,153
Teleflex, Inc.
4.25%, 06/01/2028^(e)		1,389,000		1,361,568
Thermo Fisher Scientific, Inc.
4.90%, 02/12/2036		2,896,000		2,800,993
VSP Optical Group, Inc.
5.45%, 12/01/2035^(e)		8,310,000		8,179,814
Total Medical Equipment & Devices Manufacturing				45,706,779

Metals & Mining (0.25%)
United States Steel Corp.
5.20%, 08/01/2031^(e)		5,040,000		4,985,710
5.70%, 08/01/2036^(e)		3,600,000		3,528,746
Total Metals & Mining				8,514,456

Oil & Gas Services & Equipment (0.50%)
Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc.
4.35%, 06/15/2031		7,367,000		7,157,465
5.00%, 06/15/2036		6,950,000		6,674,571
5.85%, 06/15/2056		3,470,000		3,278,608
Total Oil & Gas Services & Equipment				17,110,644

Pharmaceuticals (0.54%)
Amneal Pharmaceuticals LLC
6.88%, 08/01/2032^(e)		12,273,000		12,625,787
Bayer US Finance LLC
5.13%, 07/20/2031		2,689,000		2,666,346
5.63%, 07/20/2036		3,227,000		3,170,332
Total Pharmaceuticals				18,462,465

Pipeline (1.86%)
Buckeye Partners LP
4.50%, 03/01/2028^(e)		7,290,000		7,205,002
6.88%, 07/01/2029^(e)		12,612,000		12,906,528
Energy Transfer LP
7.38%, 02/01/2031^(e)		8,947,000		9,192,840
Flex Intermediate Holdco LLC
3.36%, 06/30/2031^(e)		12,936,000		11,865,815
4.32%, 12/30/2039^(e)		9,061,000		7,511,045
Kinetik Holdings LP
6.63%, 12/15/2028^(e)		7,715,000		7,847,690
NuStar Logistics LP
6.38%, 10/01/2030		6,012,000		6,137,074
Western Midstream Operating LP
7.25%, 04/01/2030^(e)		1,298,000		1,358,893
Total Pipeline				64,024,887

Power Generation (0.60%)
Constellation Energy Generation LLC
4.80%, 01/15/2032		7,046,000		6,910,662
5.30%, 06/01/2036		8,754,000		8,509,168

	Principal Amount		Value (Note 2)
Vistra Operations Co. LLC
7.75%, 10/15/2031^(e)	$	4,996,000	$	5,210,783
Total Power Generation				20,630,613

Publishing & Broadcasting (0.32%)
Nexstar Media, Inc.
6.50%, 09/15/2033^(e)		11,025,000		10,978,086

Real Estate (0.98%)
CoStar Group, Inc.
2.80%, 07/15/2030^(e)		8,601,000		7,720,071
Cushman & Wakefield US Borrower LLC
6.75%, 05/15/2028^(e)		3,383,000		3,393,364
GLP Capital LP / GLP Financing II, Inc.
5.30%, 01/15/2029		3,730,000		3,736,143
5.63%, 03/01/2036		5,205,000		4,994,477
Iron Mountain, Inc.
5.25%, 03/15/2028^(e)		1,397,000		1,392,649
Kennedy-Wilson, Inc.
7.00%, 06/01/2031^(e)		3,683,000		3,752,955
VICI Properties LP / VICI Note Co., Inc.
4.13%, 08/15/2030^(e)		9,328,000		8,867,880
Total Real Estate				33,857,539

Refining & Marketing (0.28%)
HF Sinclair Corp.
5.00%, 02/01/2028		2,667,000		2,665,387
Sunoco LP
5.38%, 07/15/2031^(e)		1,375,000		1,349,527
5.63%, 03/15/2031^(e)		2,237,000		2,209,226
5.63%, 07/15/2034^(e)		1,375,000		1,330,295
5.88%, 03/15/2034^(e)		2,237,000		2,190,898
Total Refining & Marketing				9,745,333

Restaurants (0.38%)
1011778 BC ULC / New Red Finance, Inc.
3.88%, 01/15/2028^(e)		10,179,000		9,979,872
Starbucks Corp.
3.35%, 03/12/2050		4,775,000		3,109,014
Total Restaurants				13,088,886

Retail - Consumer Discretionary (0.41%)
Amazon.com, Inc.
4.88%, 03/13/2036		9,343,000		8,945,812
Gap, Inc.
3.63%, 10/01/2029^(e)		5,539,000		5,213,886
Total Retail - Consumer Discretionary				14,159,698

Semiconductors (1.04%)
Broadcom, Inc.
5.20%, 07/15/2035		5,628,000		5,406,125
Foundry JV Holdco LLC
6.10%, 01/25/2036^(e)		7,900,000		8,084,174
6.25%, 01/25/2035^(e)		6,100,000		6,275,790
6.30%, 01/25/2039^(e)		15,850,000		16,260,313
Total Semiconductors				36,026,402

Software & Services (1.94%)
Accenture Capital, Inc.
5.00%, 07/10/2031		2,691,000		2,680,127
5.60%, 07/10/2036		4,036,000		4,010,913

	Principal Amount		Value (Note 2)
Fair Isaac Corp.
6.00%, 05/15/2033^(e)	$	7,950,000	$	7,699,273
Leidos, Inc.
2.30%, 02/15/2031		2,698,000		2,385,689
5.00%, 03/15/2036		2,585,000		2,442,646
5.40%, 03/15/2032		8,013,000		8,060,993
Oracle Corp.
5.70%, 02/04/2036		5,033,000		4,662,913
Synopsys, Inc.
4.85%, 04/01/2030		10,215,000		10,161,122
5.15%, 04/01/2035		13,612,000		13,213,764
VMware LLC
2.20%, 08/15/2031		4,979,000		4,330,855
4.70%, 05/15/2030		7,237,000		7,160,401
Total Software & Services				66,808,696

Supermarkets & Pharmacies (0.80%)
Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC
5.50%, 03/31/2031^(e)		1,809,000		1,740,478
5.63%, 03/31/2032^(e)		2,724,000		2,592,872
6.50%, 02/15/2028^(e)		17,020,000		17,136,893
Kroger Co.
5.00%, 09/15/2034		6,469,000		6,271,748
Total Supermarkets & Pharmacies				27,741,991

Transportation & Logistics (0.15%)
Allison Transmission, Inc.
5.88%, 12/01/2033^(e)		5,196,000		5,122,773
Travel & Lodging (0.76%)
Carnival Corp., Ltd.
4.00%, 08/01/2028^(e)		3,953,000		3,873,987
5.75%, 08/01/2032^(e)		14,604,000		14,487,662
Wyndham Hotels & Resorts, Inc.
4.38%, 08/15/2028^(e)		8,200,000		8,033,536
Total Travel & Lodging				26,395,185

Utilities (0.44%)
American Water Capital Corp.
4.63%, 06/01/2029		3,610,000		3,599,234
5.15%, 03/01/2034		2,409,000		2,395,751
5.25%, 03/01/2035		7,161,000		7,105,300
Edison International
4.80%, 03/15/2031		2,194,000		2,124,550
Total Utilities				15,224,835

Waste & Environment Services & Equipment (0.20%)
GFL Environmental Holdings US, Inc.
5.63%, 07/01/2031^(e)		1,910,000		1,857,086
GFL Environmental, Inc.
4.00%, 08/01/2028^(e)		5,325,000		5,196,789
Total Waste & Environment Services & Equipment				7,053,875

Wireline Telecommunications Services (0.54%)
Black Pearl Compute LLC
6.13%, 02/15/2031^(e)		6,983,000		6,980,025
HUT 8 DC LLC
6.19%, 11/15/2042^(e)		8,708,000		8,471,948

	Principal Amount		Value (Note 2)
Meridian Arc Holdco LLC
6.25%, 04/30/2031^(e)	$	3,488,000	$	3,354,768
Total Wireline Telecommunications Services				18,806,741
TOTAL CORPORATE BONDS
(Cost $1,412,881,905)				1,391,239,214

	Principal Amount		Value (Note 2)
GOVERNMENT BONDS (35.22%)

U.S.Treasury Bonds (35.22%)
United States Treasury Inflation Indexed Bonds
1.25%, 04/15/2031		18,379,522		17,651,444
1.88%, 01/15/2036		18,490,582		17,621,753
United States Treasury Bonds
4.38%, 05/15/2036		225,544,000		219,641,089
4.63%, 11/15/2055		132,005,000		119,474,837
4.63%, 11/15/2045		146,449,000		135,041,997
4.75%, 08/15/2055		101,420,000		93,666,917
4.75%, 02/15/2056		95,714,000		88,468,152
4.88%, 08/15/2045		98,923,000		94,293,712
5.00%, 05/15/2056		61,404,000		59,067,769
5.00%, 05/15/2046		8,498,000		8,221,151
United States Treasury Notes
3.38%, 02/29/2028		80,323,000		79,275,036
3.50%, 01/31/2028		38,000		37,592
3.88%, 03/31/2028		17,899,000		17,791,327
3.88%, 05/15/2029		9,826,000		9,710,852
4.00%, 05/31/2028		42,204,000		42,010,290
4.13%, 10/31/2029		112,582,000		111,807,999
4.13%, 05/31/2031		5,424,000		5,354,081
4.13%, 06/30/2031		18,261,000		18,021,324
4.13%, 06/30/2028		10,833,000		10,805,494
4.25%, 01/31/2030		64,367,000		64,115,566
4.25%, 06/30/2033		3,437,000		3,374,167
Total U.S.Treasury Bonds				1,215,452,549
TOTAL GOVERNMENT BONDS
(Cost $1,255,573,187)				1,215,452,549

	Shares		Value (Note 2)
PREFERRED STOCK (3.67%)

Energy (0.07%)
Pipeline (0.07%)
Energy Transfer LP, Series B, 3M CME TERM SOFR + 4.417%^(a)(g)		2,506,000		2,516,144

Financials (1.95%)
Banks (0.55%)
Bank of Hawaii, 8.000%^(g)		149,327		3,931,780
US Bancorp, 5Y US TI + 2.541%^(a)(g)		6,364,000		6,309,741
Wells Fargo & Co., Series GG, 5Y US TI + 2.340%^(a)(g)		8,989,000		8,988,614

	Shares		Value (Note 2)
Consumer Finance (0.23%)
Ally Financial, Inc., Series C, 7Y US TI + 3.481%^(a)(g)		2,982,000	$	2,883,214
American Express Co., 5Y US TI + 2.854%^(a)(g)		5,289,000		5,279,299
Diversified Banks (0.34%)
HSBC Holdings PLC, Series ., 5Y US TI + 2.80%^(a)(g)		3,470,000		3,529,084
JPMorgan Chase & Co., Series PP, 5Y US TI + 2.080%^(a)(g)		8,223,000		8,193,651
Financial Services (0.77%)
Bank of New York Mellon Corp., Series I, 5Y US TI + 2.63%^(a)(g)		4,768,000		4,738,388
Charles Schwab Corp., Series L, 5Y US TI + 2.250%^(a)(g)		3,680,000		3,631,828
Goldman Sachs Group, Inc., Series AA, 5Y US TI + 2.18%^(a)(g)		2,690,000		2,671,132
Goldman Sachs Group, Inc., Series X, 5Y US TI + 2.809%^(a)(g)		3,724,000		3,854,630
UBS Group AG, 6.000%^(a)(e)(g)		11,239,000		11,345,029
Life Insurance (0.06%)
Jackson Financial, Inc., 5Y US TI + 3.728%^(a)(g)		80,297		2,038,741
Total Financials				67,395,131

Government (0.50%)
Government Agencies (0.50%)
CoBank ACB, Series M, 5Y US TI + 2.818%^(a)(g)		7,000,000		7,096,698
CoBank ACB, Series N, 5Y US TI + 2.620%^(a)(g)		4,125,000		4,150,540
Farm Credit Bank of Texas, 5Y US TI + 3.291%^(a)(g)		3,980,000		4,132,426
Farm Credit Bank of Texas, Series 6, 5Y US TI + 3.010%^(a)(g)		1,950,000		1,985,734
Total Government				17,365,398

Health Care (0.24%)
Health Care Facilities & Services (0.24%)
CVS Health Corp., 5Y US TI + 2.89%^(a)(g)		8,000,000		8,241,672

Utilities (0.91%)
Power Generation (0.41%)
American Electric Power Co., Inc., 5Y US TI + 2.675%^(a)(g)		10,228,000		10,144,733
Vistra Corp., 5Y US TI + 6.93%^(a)(e)(g)		3,967,000		3,987,394
Utilities (0.50%)
Entergy Corp., 5Y US TI + 2.67%^(a)(g)		3,980,000		4,082,573
Eversource Energy, Series B, 5Y US TI + 2.33%^(a)(g)		2,900,000		2,887,455
PacifiCorp, 5Y US TI + 3.29%^(a)(g)		4,908,000		4,834,534
Sierra Pacific Power Co., 5Y US TI + 2.64%^(a)(g)		1,371,000		1,368,950

	Shares		Value (Note 2)
Xcel Energy, Inc., 5Y US TI + 2.17%^(a)(g)		4,081,000	$	4,004,282
Total Utilities				31,309,921
TOTAL PREFERRED STOCK
(Cost $124,547,702)				126,828,266

	7-Day Yield			Shares		Value (Note 2)
SHORT TERM INVESTMENTS (0.05%)

Money Market Fund (0.05%)
Morgan Stanley Institutional Liquidity Funds - Government Portfolio		3.58	%		1,613,253		1,613,253

TOTAL SHORT TERM INVESTMENTS
(Cost $1,613,253)							1,613,253

TOTAL INVESTMENTS (98.76%)
(Cost $3,482,556,208)						$	3,408,406,956

Other Assets In Excess Of Liabilities (1.24%)							42,840,941

NET ASSETS (100.00%)						$	3,451,247,897

Investment Abbreviations:

SOFR - Secured Overnight Financing Rate

SOFRINDX - US SOFR Secured Overnight Financing Rate Compounded Index

TI – Treasury Index

Reference Rates:

1M US SOFR - 1 Month SOFR as of July 31, 2026 was 3.62%

30D US SOFR - 30 Day SOFR as of July 31, 2026 was 3.62%

1D US SOFR - 1 Day SOFR as of July 31, 2026 was 3.66%

1M CME TERM SOFR - 1 Month CME TERM SOFR as of July 31, 2026 was 3.66%

3M US SOFR - 3 Month SOFR as of July 31, 2026 was 3.63%

1Y US TI - 1 Year US TI as of July 31, 2026 was 4.08%

5Y US TI - 5 Year US TI as of July 31, 2026 was 4.45%

7Y US TI - 7 Year US TI as of July 31, 2026 was 4.59%

^(a)

^(b)

Issued with zero coupon.

^(c)

Interest only security.

^(d)

Step bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect as of July 31, 2026.

^(e)

	Shares		Value (Note 2)
COMMON STOCKS (0.14%)

Consumer Discretionary (0.14%)
Brightstar Lottery PLC		6,980	$	70,079

TOTAL COMMON STOCKS
(Cost $75,662)				70,079

	Principal Amount		Value (Note 2)
COLLATERALIZED MORTGAGE OBLIGATIONS (9.03%)

Fannie Mae
Series 2002-71, Class AP,
5.000%, 11/25/2032	$	2,975		2,902
Series 2002-90, Class A1,
6.500%, 06/25/2042		38,116		38,217
Series 2008-8, Class FB,
30D US SOFR + 0.93%, 02/25/2038^(a)		77,554		78,142
Series 2010-114, Class TC,
2.250%, 03/25/2037		191,749		175,547
Series 2011-110, Class BX,
4.000%, 10/25/2041		239,956		230,748
Series 2012-110, Class CA,
3.000%, 10/25/2042		81,144		73,424
Series 2012-39, Class NB,
4.000%, 04/25/2042		175,000		159,657
Series 2013-29, Class JE,
1.250%, 04/25/2043		147,393		117,318
Series 2015-27, Class ME,
3.500%, 10/25/2044		128,000		120,764
Series 2019-14, Class CA,
3.500%, 04/25/2049		87,746		83,476
Series 2019-7, Class JA,
3.500%, 03/25/2049		80,008		75,748
Series 2019-74, Class LB,
3.000%, 10/25/2049		106,655		96,009
				1,251,952

Freddie Mac
Series 2002-2455, Class GK,
6.500%, 05/15/2032		6,596		6,808
Series 2002-2505, Class D,
5.500%, 09/15/2032		14,237		14,174
Series 2005-2990, Class GO,
–%, 02/15/2035^(b)		18,532		16,144
Series 2011-3965, Class ZA,
4.000%, 11/15/2041		220,496		210,110
Series 2012-4096, Class BY,
2.000%, 08/15/2042		85,000		68,275
Series 2012-4116, Class UC,
2.500%, 10/15/2042		103,000		73,055
Series 2012-4140, Class BW,
2.500%, 12/15/2042		100,000		73,608
Series 2015-4537, Class AZ,
3.000%, 12/15/2045		18,582		15,992

	Principal Amount		Value (Note 2)
Series 2016-4579, Class W,
6.035%, 01/15/2038^(a)	$	46,464	$	47,695
Series 2018-4839, Class PZ,
4.000%, 11/15/2048		136,272		113,677
Series 2021-5142, Class PN,
1.000%, 09/25/2051		57,931		42,504
Series 2021-5151, Class LV,
1.500%, 09/25/2051		262,892		137,879
				819,921

Ginnie Mae
Series 2009-93, Class HG,
4.000%, 09/16/2039		3,990		3,967
Series 2011-139, Class KZ,
2.500%, 10/20/2041		39,484		36,247
Series 2011-141, Class GH,
3.000%, 10/16/2041		150,000		117,215
Series 2011-H05, Class FB,
1M CME TERM SOFR + 0.61%, 12/20/2060^(a)		5,083		5,078
Series 2011-H14, Class FC,
1M CME TERM SOFR + 0.61%, 05/20/2061^(a)		6,013		6,007
Series 2012-137, Class EB,
2.000%, 11/20/2042		100,000		64,808
Series 2012-16, Class ND,
2.000%, 05/20/2039		116,114		105,313
Series 2012-41, Class TJ,
4.000%, 03/20/2042		187,933		165,941
Series 2012-H20, Class BA,
1M CME TERM SOFR + 0.67%, 09/20/2062^(a)		4,268		4,268
Series 2012-H29, Class SA,
1M CME TERM SOFR + 0.63%, 10/20/2062^(a)		11,750		11,742
Series 2013-28, Class DB,
3.000%, 02/20/2043		170,000		133,360
Series 2013-44, Class CE,
2.500%, 03/16/2043		105,656		81,331
Series 2013-9, Class KY,
3.000%, 01/20/2043		324,000		278,744
Series 2013-H07, Class GA,
1M CME TERM SOFR + 0.58%, 03/20/2063^(a)		4,314		4,308
Series 2013-H10, Class FA,
1M CME TERM SOFR + 0.51%, 03/20/2063^(a)		2,265		2,259
Series 2013-H22, Class FT,
1Y US TI + 0.65%, 04/20/2063^(a)		265		266
Series 2013-H23, Class FA,
1M CME TERM SOFR + 1.41%, 09/20/2063^(a)		1,588		1,596
Series 2014-21, Class PB,
4.000%, 02/16/2044		150,000		132,301
Series 2014-H03, Class FA,
1M CME TERM SOFR + 0.71%, 01/20/2064^(a)		1,829		1,831

	Principal Amount		Value (Note 2)
Series 2015-31, Class B,
3.000%, 02/20/2045	$	100,000	$	87,764
Series 2015-H10, Class JA,
2.250%, 04/20/2065		11,868		11,337
Series 2015-H29, Class FL,
1M CME TERM SOFR + 0.71%, 11/20/2065^(a)		9,213		9,217
Series 2016-167, Class AD,
2.500%, 03/20/2039		167,879		158,412
Series 2016-H09, Class FA,
1M CME TERM SOFR + 0.76%, 03/20/2066^(a)		8,861		8,872
Series 2017-31, Class BY,
3.500%, 02/20/2047		131,000		99,425
Series 2018-H07, Class FE,
1M CME TERM SOFR + 0.464%, 02/20/2068^(a)		5,101		5,082
Series 2018-H07, Class JZ,
4.597%, 04/20/2068^(a)		61,106		60,362
Series 2019-103, Class HY,
3.000%, 08/20/2049		104,493		69,424
Series 2019-31, Class JC,
3.500%, 03/20/2049		67,886		62,068
Series 2020-134, Class XB,
1.000%, 07/20/2048		125,000		69,770
Series 2020-153, Class GP,
0.500%, 10/20/2050		130,498		117,190
Series 2020-160, Class QD,
1.000%, 10/20/2050		162,034		75,716
Series 2021-146, Class EH,
2.000%, 08/20/2051		113,536		60,940
Series 2021-159, Class AL,
1.000%, 09/20/2051		118,000		53,526
Series 2021-215, Class TZ,
5.000%, 12/20/2051		153,807		117,233
Series 2021-225, Class EU,
2.000%, 12/20/2051		82,685		44,698
Series 2021-86, Class ML,
1.000%, 05/20/2051		136,000		53,638
Series 2021-H02, Class KB,
3.032%, 01/20/2071^(a)		112,222		72,364
Series 2021-H03, Class NY,
3.014%, 01/20/2071^(a)		113,158		73,866
				2,467,486

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $4,449,491)				4,539,359

	Principal Amount		Value (Note 2)
COMMERCIAL MORTGAGE-BACKED SECURITIES (1.09%)

Freddie Mac Multifamily Structured Pass Through Certificates
Series 2016-K056, Class X3,
3.731%, 06/25/2044^(a)(c)		465,464		4

	Principal Amount		Value (Note 2)
Series 2019-K087, Class X1,
0.339%, 12/25/2028^(a)(c)	$	26,972,255	$	206,338
Series 2019-K093, Class X1,
0.940%, 05/25/2029^(a)(c)		6,437		143
Series 2019-K094, Class X1,
0.865%, 06/25/2029^(a)(c)		13,869,317		302,135
Series 2019-KC05, Class X1,
1.116%, 06/25/2027^(a)(c)		552,010		4,585
Series 2020-K738, Class X1,
1.473%, 01/25/2027^(a)(c)		11,418,097		35,588
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES
(Cost $442,111)				548,793

	Principal Amount		Value (Note 2)
MORTGAGE-BACKED SECURITIES (2.69%)

Fannie Mae Pool
Series 1998-,
6.500%, 08/01/2028		9,413		9,707
7.500%, 08/01/2028		9,325		9,136
Series 1999-,
8.000%, 04/01/2029		5,563		5,448
Series 2001-,
12.000%, 11/01/2030		37,208		38,233
Series 2002-,
6.000%, 12/01/2032		26,462		26,678
Series 2003-,
4.500%, 09/01/2028		8,409		8,382
4.750%, 09/01/2033		30,343		30,015
5.500%, 10/01/2033		13,494		13,348
5.500%, 12/01/2033		22,569		22,030
Series 2005-,
4.500%, 05/01/2035		15,024		14,505
6.500%, 01/01/2036		11,760		12,021
Series 2006-,
4.500%, 01/01/2036		23,529		22,891
6.000%, 03/01/2036		20,644		20,840
Series 2007-,
5.500%, 07/01/2037		5,071		5,124
6.000%, 07/01/2037		13,884		14,041
6.000%, 09/01/2037		19,517		19,949
6.500%, 11/01/2037		38,281		39,202
Series 2008-,
5.000%, 06/01/2037		13,737		13,167
5.500%, 04/01/2038		7,962		7,909
5.500%, 08/01/2038		17,153		16,875
Series 2009-,
5.000%, 04/01/2039		31,867		31,219
Series 2010-,
4.000%, 05/01/2040		1,234		1,215
5.500%, 02/01/2038		32,589		32,177
Series 2011-,
4.500%, 05/01/2041		28,867		27,738

	Principal Amount		Value (Note 2)
Series 2013-,
3.000%, 04/01/2043	$	59,280	$	53,159
Series 2015-,
3.500%, 06/01/2045		39,675		36,546
5.000%, 07/01/2044		84,001		82,043
Series 2018-,
3.920%, 02/01/2048^(a)		7,509		6,560
				620,158

Freddie Mac Gold Pool
Series 2004-,
5.500%, 01/01/2034		21,756		21,656
Series 2005-,
5.500%, 05/01/2035		11,592		11,372
Series 2006-,
4.500%, 01/01/2036		8,841		8,495
5.500%, 12/01/2034		17,987		18,030
6.000%, 05/01/2036		40,659		40,465
Series 2008-,
4.500%, 05/01/2038		44,207		43,076
6.000%, 08/01/2038		17,261		17,582
Series 2013-,
3.000%, 01/01/2033		17,673		16,912
Series 2014-,
3.500%, 10/01/2044		30,484		27,594
Series 2015-,
4.000%, 03/01/2044		22,206		20,664
				225,846

Freddie Mac Pool
Series 2018-,
3.500%, 08/01/2042		34,512		31,713
4.500%, 01/01/2036		50,224		48,504
				80,217

Ginnie Mae I Pool
Series 2003-,
5.500%, 10/15/2033		28,842		28,387
Series 2010-,
5.000%, 05/15/2040		35,421		34,545
				62,932

Ginnie Mae II Pool
Series 2012-,
3.500%, 01/20/2042		82,393		72,621
3.500%, 05/20/2042		71,876		63,606
Series 2013-,
3.500%, 03/20/2043		59,820		52,462
5.500%, 11/20/2035		49,937		48,942
Series 2014-,
3.750%, 04/20/2044		61,569		54,149
4.000%, 05/20/2044		61,409		56,367

	Principal Amount		Value (Note 2)
Series 2016-,
3.500%, 09/20/2046	$	15,296	$	13,260
				361,407

TOTAL MORTGAGE-BACKED SECURITIES
(Cost $1,442,041)				1,350,560

	Principal Amount		Value (Note 2)
CORPORATE BONDS (64.16%)

Advertising & Marketing (1.09%)
Neptune Bidco US, Inc.
9.29%, 04/15/2029^(d)	$	300,000		305,869
9.50%, 02/15/2033^(d)		237,000		241,722
Total Advertising & Marketing				547,591

Aerospace & Defense (1.15%)
ATI, Inc.
5.88%, 06/15/2033		250,000		251,697
Boeing Co.
7.01%, 05/01/2064		300,000		324,497
Total Aerospace & Defense				576,194

Airlines (2.99%)
Alaska Airlines 2020-1 Class A Pass Through Trust
4.80%, 08/15/2027^(d)		237,216		237,377
Alaska Airlines, Inc.
6.50%, 06/01/2031^(d)		136,000		135,291
AS Mileage Plan IP, Ltd.
5.31%, 10/20/2031^(d)		600,000		582,418
United Airlines Holdings, Inc.
4.88%, 03/01/2029		277,000		273,451
5.38%, 03/01/2031		275,000		271,741
Total Airlines				1,500,278

Apparel & Textile Products (2.83%)
Crocs, Inc.
4.25%, 03/15/2029^(d)		193,000		185,770
Gildan Activewear, Inc.
5.40%, 10/07/2035^(d)		485,000		465,902
Under Armour, Inc.
7.25%, 07/15/2030^(d)		150,000		153,177
VF Corp.
2.95%, 04/23/2030		688,000		618,647
Total Apparel & Textile Products				1,423,496

Auto Parts Manufacturing (0.08%)
Dorman Products, Inc.
6.25%, 06/15/2034^(d)		41,000		41,168

Automobiles Manufacturing (1.09%)
Ford Motor Credit Co. LLC
5.73%, 09/05/2030		300,000		300,216

	Principal Amount		Value (Note 2)
Stellantis Financial Services US Corp.
4.95%, 09/15/2028^(d)	$	250,000	$	248,246
Total Automobiles Manufacturing				548,462

Banks (4.10%)
Associated Banc-Corp
1D US SOFR + 3.03%, 08/29/2030^(a)		650,000		665,878
First Citizens BancShares, Inc.
5Y US TI + 1.97%, 03/12/2040^(a)		575,000		557,667
Pinnacle Financial Partners, Inc.
1D US SOFR + 2.35%, 11/01/2030^(a)		250,000		254,451
PNC Financial Services Group, Inc.
5Y US TI + 1.17%, 01/25/2041^(a)		387,000		371,095
US Bancorp
5Y US TI + 0.95%, 11/03/2036^(a)		243,000		209,835
Total Banks				2,058,926

Biotechnology (0.92%)
BioMarin Pharmaceutical, Inc.
5.50%, 02/15/2034^(d)		211,000		205,951
GENMAB A/S/GENMAB FINANCE LLC
7.25%, 12/15/2033^(d)		250,000		258,028
Total Biotechnology				463,979

Cable & Satellite (2.05%)
CCO Holdings LLC / CCO Holdings Capital Corp.
5.00%, 02/01/2028^(d)		250,000		247,015
7.00%, 02/01/2033^(d)		116,000		111,282
Directv Financing LLC / Directv Financing Co.-Obligor, Inc.
9.25%, 06/01/2032^(d)		41,000		41,994
10.00%, 02/15/2031^(d)		400,000		418,356
Sirius XM Radio LLC
5.00%, 08/01/2027^(d)		213,000		212,832
Total Cable & Satellite				1,031,479

Casinos & Gaming (2.29%)
Brightstar Lottery PLC/ Brightstar Global Solutions Corp.
5.75%, 01/15/2033^(d)		270,000		260,688
Flutter Treasury DAC
5.88%, 06/04/2031^(d)		350,000		344,950
Penn Entertainment, Inc.
6.75%, 04/01/2031^(d)		198,000		198,803
Station Casinos LLC
4.50%, 02/15/2028^(d)		350,000		344,353
Total Casinos & Gaming				1,148,794

Chemicals (1.36%)
Celanese US Holdings LLC
7.00%, 02/15/2031		537,000		550,986
Ecolab, Inc.
4.80%, 06/15/2031		52,000		51,767

	Principal Amount		Value (Note 2)
5.15%, 06/15/2033	$	78,000	$	77,905
Total Chemicals				680,658

Consumer Finance (1.09%)
Global Payments, Inc.
4.88%, 11/15/2030		250,000		243,278
Rocket Cos., Inc.
6.13%, 08/01/2031^(d)		36,000		36,184
6.50%, 06/15/2034^(d)		47,000		47,430
Rocket Mortgage LLC
3.88%, 03/01/2031^(d)		8,000		7,417
Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc.
6.75%, 08/15/2032^(d)		214,000		214,449
Total Consumer Finance				548,758

Consumer Products (1.41%)
Edgewell Personal Care Co.
5.50%, 06/01/2028^(d)		186,000		185,595
Perrigo Finance Unlimited Co.
6.13%, 09/30/2032		550,000		522,920
Total Consumer Products				708,515

Consumer Services (0.67%)
Mobility Global, Inc.
5.45%, 06/15/2031^(d)		334,000		334,167

Containers & Packaging (0.21%)
Sword Purchaser LLC
10.50%, 04/15/2034^(d)		104,000		107,592

Department Stores (2.71%)
Kohl's Corp.
10.00%, 06/01/2030^(d)		750,000		795,878
Macy's Retail Holdings LLC
6.13%, 03/15/2032^(d)		565,000		567,088
Total Department Stores				1,362,966

Diversified Banks (1.00%)
Bank of America Corp.
5Y US TI + 1.20%, 09/21/2036^(a)		306,000		264,180
JPMorgan Chase & Co.
1D US SOFR + 1.30%, 02/05/2037^(a)		250,000		240,199
Total Diversified Banks				504,379

Entertainment Content (2.62%)
Discovery Communications LLC
6.35%, 06/01/2040		300,000		236,227
Discovery Global Holdings, Inc.
5.14%, 03/15/2052		271,000		172,917
Paramount Global
4.20%, 05/19/2032		111,000		94,423
4.38%, 03/15/2043		161,000		98,501
4.95%, 05/19/2050		355,000		215,277

	Principal Amount		Value (Note 2)
Univision Communications, Inc.
9.38%, 08/01/2032^(d)	$	500,000	$	499,777
Total Entertainment Content				1,317,122

Entertainment Resources (0.07%)
Six Flags Entertainment Corp.'s Wonderland Co./Millennium Operations LLC
8.63%, 01/15/2032^(d)		34,000		34,412

Exploration & Production (4.67%)
Ascent Resources Utica Holdings LLC / ARU Finance Corp.
6.63%, 10/15/2032^(d)		300,000		301,765
Hilcorp Energy I LP / Hilcorp Finance Co.
6.25%, 11/01/2028^(d)		506,000		507,819
7.25%, 02/15/2035^(d)		250,000		248,145
Occidental Petroleum Corp.
7.88%, 09/15/2031		450,000		502,263
Permian Resources Operating LLC
6.25%, 02/01/2033^(d)		338,000		344,252
7.00%, 01/15/2032^(d)		18,000		18,644
SM Energy Co.
6.63%, 04/15/2034^(d)		265,000		263,528
8.75%, 07/01/2031^(d)		154,000		161,082
Total Exploration & Production				2,347,498

Financial Services (3.27%)
Citadel Securities Global Holdings LLC
5.50%, 06/18/2030^(d)		322,000		323,655
6.20%, 06/18/2035^(d)		275,000		276,726
Goldman Sachs Group, Inc.
5Y US TI + 1.18%, 02/02/2041^(a)		250,000		236,914
Jane Street Group / JSG Finance, Inc.
6.13%, 11/01/2032^(d)		365,000		363,401
7.13%, 04/30/2031^(d)		300,000		309,784
State Street Corp.
1D US SOFR + 1.49%, 11/01/2034^(a)		139,000		129,951
Total Financial Services				1,640,431

Food & Beverage (0.50%)
Chobani LLC / Chobani Finance Corp., Inc.
6.38%, 04/15/2034^(d)		92,000		92,314
Flowers Foods, Inc.
5.75%, 03/15/2035		170,000		160,268
Total Food & Beverage				252,582

Health Care Facilities & Services (0.31%)
HealthEquity, Inc.
4.50%, 10/01/2029^(d)		162,000		157,224
Industrial Other (0.81%)
EquipmentShare.com, Inc.
7.13%, 07/01/2034^(d)		143,000		136,762
9.00%, 05/15/2028^(d)		165,000		167,721

	Principal Amount		Value (Note 2)
Granite Construction, Inc.
6.38%, 06/15/2034^(d)	$	102,000	$	101,963
Total Industrial Other				406,446

Internet Media (1.56%)
Match Group Holdings II LLC
4.63%, 06/01/2028^(d)		150,000		147,703
6.13%, 09/15/2033^(d)		350,000		341,083
Snap, Inc.
6.88%, 03/01/2033^(d)		300,000		293,262
Total Internet Media				782,048

Leisure Products Manufacturing (0.54%)
Acushnet Co.
5.63%, 12/01/2033^(d)		275,000		270,322

Medical Equipment & Devices Manufacturing (0.10%)
Augusta SpinCo Corp.
5.25%, 03/23/2036		53,000		52,052

Metals & Mining (0.71%)
Carpenter Technology Corp.
5.63%, 03/01/2034^(d)		105,000		103,648
Cleveland-Cliffs, Inc.
7.63%, 01/15/2034^(d)		250,000		253,169
Total Metals & Mining				356,817

Oil & Gas Services & Equipment (0.99%)
Noble Finance II LLC
6.25%, 06/15/2034^(d)		40,000		38,866
8.00%, 04/15/2030^(d)		255,000		263,751
Seadrill Finance, Ltd.
6.75%, 07/15/2034^(d)		200,000		192,681
Total Oil & Gas Services & Equipment				495,298

Pharmaceuticals (1.10%)
Amneal Pharmaceuticals LLC
6.88%, 08/01/2032^(d)		535,000		550,379

Pipeline (4.16%)
Blue Racer Midstream LLC / Blue Racer Finance Corp.
7.00%, 07/15/2029^(d)		300,000		307,954
Buckeye Partners LP
6.88%, 07/01/2029^(d)		350,000		358,173
Flex Intermediate Holdco LLC
4.32%, 12/30/2039^(d)		700,000		580,259
Genesis Energy LP / Genesis Energy Finance Corp.
8.00%, 05/15/2033		250,000		260,219
8.25%, 01/15/2029		335,000		345,658
Global Partners LP / GLP Finance Corp.
8.25%, 01/15/2032^(d)		200,000		208,605
Western Midstream Operating LP
7.25%, 04/01/2030^(d)		26,000		27,220
Total Pipeline				2,088,088

Power Generation (0.39%)
Constellation Energy Generation LLC
4.80%, 01/15/2032		32,000		31,385

	Principal Amount		Value (Note 2)
5.30%, 06/01/2036	$	171,000	$	166,218
Total Power Generation				197,603

Property & Casualty Insurance (0.53%)
Asurion LLC/ Asurion Co.-Issuer, Inc.
8.00%, 12/31/2032^(d)		139,000		140,728
8.38%, 02/01/2034^(d)		136,000		124,017
Total Property & Casualty Insurance				264,745

Publishing & Broadcasting (0.87%)
Nexstar Media, Inc.
7.25%, 04/15/2034^(d)		438,000		439,341

Real Estate (1.55%)
Cushman & Wakefield US Borrower LLC
6.75%, 05/15/2028^(d)		207,000		207,634
8.88%, 09/01/2031^(d)		250,000		261,639
Kennedy-Wilson, Inc.
7.25%, 06/01/2033^(d)		305,000		308,988
Total Real Estate				778,261

Refining & Marketing (0.76%)
Sunoco LP
5.63%, 03/15/2031^(d)		78,000		77,031
7.00%, 05/01/2029^(d)		300,000		306,719
Total Refining & Marketing				383,750

Restaurants (0.04%)
1011778 BC ULC / New Red Finance, Inc.
3.88%, 01/15/2028^(d)		19,000		18,628

Retail - Consumer Discretionary (1.60%)
Advance Auto Parts, Inc.
7.00%, 08/01/2030^(d)		286,000		293,286
PetSmart LLC / PetSmart Finance Corp.
7.50%, 09/15/2032^(d)		345,000		348,866
QXO Building Products, Inc.
6.50%, 07/15/2031^(d)		97,000		97,483
6.88%, 07/15/2034^(d)		66,000		66,149
Total Retail - Consumer Discretionary				805,784

Semiconductors (0.69%)
Foundry JV Holdco LLC
6.10%, 01/25/2036^(d)		340,000		347,927
Software & Services (2.00%)
CoreWeave, Inc.
9.00%, 02/01/2031^(d)		285,000		257,624
9.63%, 07/15/2032^(d)		82,000		73,495
Crowdstrike Holdings, Inc.
3.00%, 02/15/2029		463,000		440,235

	Principal Amount		Value (Note 2)
Oracle Corp.
5.70%, 02/04/2036	$	250,000	$	231,617
Total Software & Services				1,002,971

Supermarkets & Pharmacies (0.65%)
Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC
6.50%, 02/15/2028^(d)		325,000		327,232

Transportation & Logistics (0.65%)
Allison Transmission, Inc.
5.88%, 12/01/2033^(d)		333,000		328,307

Travel & Lodging (1.26%)
Carnival Corp., Ltd.
5.75%, 08/01/2032^(d)		350,000		347,212
Viking Cruises, Ltd.
9.13%, 07/15/2031^(d)		275,000		288,041
Total Travel & Lodging				635,253

Utilities (1.64%)
AmeriGas Partners LP / AmeriGas Finance Corp.
6.88%, 06/01/2031^(d)		20,000		20,321
9.38%, 06/01/2028^(d)		475,000		485,860
XPLR Infrastructure Operating Partners LP
8.38%, 01/15/2031^(d)		300,000		318,995
Total Utilities				825,176

Waste & Environment Services & Equipment (0.81%)
Waste Pro USA, Inc.
7.00%, 02/01/2033^(d)		400,000		406,412

Wireline Telecommunications Services (2.27%)
APLD ComputeCo LLC
9.25%, 12/15/2030^(d)		280,000		297,793
Black Pearl Compute LLC
6.13%, 02/15/2031^(d)		249,000		248,894
Galaxy Helios Data Centers II LLC
9.88%, 08/01/2031		204,000		204,770
Meridian Arc Holdco LLC
6.25%, 04/30/2031^(d)		200,000		192,360
PR RNO Property Owner 1 LLC
6.50%, 05/01/2031^(d)		102,000		96,171
Stingray Compute LLC
6.00%, 06/15/2031^(d)		102,000		99,636
Total Wireline Telecommunications Services				1,139,624
TOTAL CORPORATE BONDS
(Cost $32,361,171)				32,239,135

	Principal Amount		Value (Note 2)
GOVERNMENT BONDS (13.13%)

U.S.Treasury Bonds (13.13%)
United States Treasury Bond
2.25%, 11/15/2027		736,000		718,103
United States Treasury Bonds
4.38%, 05/15/2036		928,000		903,712

	Principal Amount		Value (Note 2)
5.00%, 05/15/2056	$	1,752,000	$	1,685,342
United States Treasury Notes
3.38%, 11/30/2027		506,000		500,525
4.13%, 06/30/2028		2,798,000		2,790,896
Total U.S.Treasury Bonds				6,598,578
TOTAL GOVERNMENT BONDS
(Cost $6,711,503)				6,598,578

	Shares		Value (Note 2)
PREFERRED STOCK (6.74%)

Financials (4.15%)
Banks (1.69%)
Bank of Hawaii, 8.000%^(e)		11,359		299,082
PNC Financial Services Group, Inc., Series T, 5Y US TI + 2.595%^(a)(e)		200,000		199,337
US Bancorp, 5Y US TI + 2.541%^(a)(e)		65,000		64,446
Wells Fargo & Co., Series GG, 5Y US TI + 2.340%^(a)(e)		285,000		284,988
Consumer Finance (1.47%)
American Express Co., 5Y US TI + 2.854%^(a)(e)		740,000		738,643
Financial Services (0.99%)
UBS Group AG, 7.125%^(a)(d)(e)		500,000		500,213
Total Financials				2,086,709

Government (0.92%)
Government Agencies (0.92%)
CoBank ACB, Series M, 5Y US TI + 2.818%^(a)(e)		455,000		461,285

Health Care (0.70%)
Health Care Facilities & Services (0.70%)
CVS Health Corp., 5Y US TI + 2.89%^(a)(e)		340,000		350,271

Utilities (0.97%)
Power Generation (0.72%)
Vistra Corp., 5Y US TI + 6.93%^(a)(d)(e)		358,000		359,841

	Shares		Value (Note 2)
Utilities (0.25%)
PacifiCorp, 5Y US TI + 3.29%^(a)(e)		129,000	$	127,069
Total Utilities				486,910
TOTAL PREFERRED STOCK
(Cost $3,254,087)				3,385,175

	7-Day Yield			Shares		Value (Note 2)
SHORT TERM INVESTMENTS (1.67%)

Money Market Fund (1.67%)
Morgan Stanley Institutional Liquidity Funds - Government Portfolio		3.58	%		841,624		841,624

TOTAL SHORT TERM INVESTMENTS
(Cost $841,624)							841,624

TOTAL INVESTMENTS (98.65%)
(Cost $49,577,690)						$	49,573,303

Other Assets In Excess Of Liabilities (1.35%)							676,351

NET ASSETS (100.00%)						$	50,249,654

Investment Abbreviations:

SOFR - Secured Overnight Financing Rate

TI – Treasury Index

Reference Rates:

30D US SOFR - 30 Day SOFR as of July 31, 2026 was 3.62%

1D US SOFR - 1 Day SOFR as of July 31, 2026 was 3.66%

1M CME TERM SOFR - 1 Month CME TERM SOFR as of July 31, 2026 was 3.66%

1Y US TI - 1 Year US TI as of July 31, 2026 was 4.08%

5Y US TI - 5 Year US TI as of July 31, 2026 was 4.45%

^(a)

^(b)

Issued with zero coupon.

^(c)

Interest only security.

^(d)

^(e)

Perpetual maturity. This security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

See Notes to Quarterly Statement of Investments

Financial Investors Trust (the “Trust”), a Delaware statutory trust, is an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”). The Trust consists of multiple separate portfolios or series. This report includes the Statement of Investments of the ALPS | Smith Short Duration Bond Fund, ALPS | Smith Total Return Bond Fund and ALPS | Smith Credit Opportunities Fund (each, a “Fund” and collectively, the “Funds”).

The ALPS | Smith Short Duration Bond Fund seeks as high a level of current income as is consistent with preservation of capital. The ALPS | Smith Total Return Bond Fund seeks to obtain maximum total return, consistent with preservation of capital. The ALPS | Smith Credit Opportunities Fund seeks to obtain maximum risk-adjusted return with a secondary focus on high current income.

Bonds may be purchased and held as odd lots. Pricing vendors generally value securities assuming orderly transactions of institutional round lot sizes, but a Fund may hold or transact in such securities in smaller, odd lot sizes. Special valuation considerations may apply with respect to a Fund’s odd-lot positions, as the Fund may receive different prices when it sells such positions than it would receive for sales of institutional round lot positions. The Funds have odd lot pricing policies they employ to value odd lot securities.

The following is a summary of each Fund’s investments/financial instruments in the fair value hierarchy as of July 31, 2026:

For the period ended July 31, 2026, the Funds did not have any securities that used significant unobservable inputs (Level 3) in determining fair value.

The Funds file U.S. federal, state, and local tax returns as required. The Funds’ tax returns are subject to examination by the relevant tax authorities until expiration of the applicable statute of limitations which is generally three years after the filing of the tax return, but may extend to four years in certain jurisdictions. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

Distributions to Shareholders: Each Fund normally pays dividends, if any, on a monthly basis and distributes capital gains, if any, annually. Income dividend distributions are derived from interest, dividends, and other income a Fund receives from its investments, including distributions of short-term capital gains. Capital gain distributions are derived from gains realized when a Fund sells a security it has owned for more than a year or from long-term capital gain distributions from underlying investments. Each Fund may make additional distributions and dividends at other times if its portfolio manager or managers believe doing so may be necessary for the Fund to avoid or reduce taxes.

Investment Transactions and Investment Income: Investment transactions are accounted for on the date the investments are purchased or sold (trade date basis). Net realized gains and losses from investment transactions are reported on an identified cost basis. Interest income, which includes accretion of discounts and amortization of premiums, is accrued and recorded as earned. Dividend income is recognized on the ex-dividend date or for certain foreign securities, as soon as information is available to each Fund.

Treasury Inflation Protected-Securities (“TIPS”): The Funds may invest in TIPS, including structured bonds in which the principal amount is adjusted daily to keep pace with inflation, as measured by the U.S. Consumer Pricing Index for Urban Consumers. The adjustments to principal due to inflation/ deflation are reflected as increases/decreases to interest income with a corresponding adjustment to cost. Such adjustments may have a significant impact on a Fund’s distributions and may result in a return of capital to shareholders. The repayment of the original bond principal upon maturity is guaranteed by the full faith and credit of the U.S. Government.

Loan Participations and Assignments: Certain Funds may invest in loan participations and assignments. A Fund considers loan participations and assignments to be investments in debt securities. Loan participations typically will result in a Fund having a contractual relationship only with the lender, not with the borrower. A Fund will have the right to receive payments of principal, interest and any fees to which it is entitled only from the lender selling the participation and only upon receipt by the lender of the payments from the borrower. Under a loan participation, a Fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement relating to the loan, nor any rights of set-off against the borrower, and a Fund may not benefit directly from any collateral supporting the loan in which it has purchased the participation. As a result, a Fund will assume the credit risk of both the borrower and the lender that is selling the participation. In the event of the insolvency of the lender selling a participation, a Fund may be treated as a general creditor of the lender and may not benefit from any set-off between the lender and the borrower. When a Fund purchases assignments of loans from lenders, such Fund will acquire direct rights against the borrower on the loan, except that under certain circumstances such rights may be more limited than those held by the assigning lender.

	Shares		Value (Note 2)
COMMON STOCKS (99.91%)
Consumer Discretionary (0.27%)
Home Construction (0.27%)
Sumitomo Forestry Co., Ltd.		135,474	$	1,147,363

Total Consumer Discretionary				1,147,363

Consumer Staples (9.24%)
Agricultural Producers (0.12%)
Adecoagro SA		52,112		519,557

Chemicals (0.15%)
Israel Corp., Ltd.		25,120		658,470

Food (7.65%)
AAK AB^(a)		36,928		796,561
Bakkafrost P/F		11,843		565,565
Barry Callebaut AG		1,500		2,091,038
China Mengniu Dairy Co., Ltd.		981,910		2,366,380
China Youran Dairy Group, Ltd.^(a)(b)(c)(d)		1,440,386		784,256
Danone SA		26,436		2,058,325
Darling Ingredients, Inc.^(b)		7,186		435,759
Del Monte Corp.		27,886		828,493
Dole PLC		71,292		1,008,069
FUJI OIL Co. LTD /Osaka		32,800		817,191
Hormel Foods Corp.		24,509		612,970
Inghams Group, Ltd.^(a)		215,024		340,429
Ingredion, Inc.^(a)		28,026		2,787,466
Itoham Yonekyu Holdings, Inc.		11,656		359,339
JBS NV		26,455		370,899
Maple Leaf Foods, Inc.		42,693		871,006
MEIJI Holdings Co., Ltd.		83,814		1,995,985
Morinaga Milk Industry Co., Ltd.		142,032		1,063,198
Mowi ASA		79,475		1,698,933
NH Foods, Ltd.		49,665		1,950,952
Nisshin Seifun Group, Inc.		69,868		883,752
Nissui Corp.		127,482		1,011,171
Pilgrim's Pride Corp.^(a)		71,423		1,954,133
Salmar ASA		23,626		1,285,065
Sigma Foods SAB de CV^(a)		693,669		706,105
Tyson Foods, Inc., Class A		34,379		1,992,607
Umios Corp.		114,800		945,934
WH Group, Ltd.^(c)(d)		93,333		100,564
				32,682,145

Wholesale - Consumer Staples (1.32%)
Archer-Daniels-Midland Co.		34,236		2,713,888
Bunge Global SA^(a)		27,576		2,929,398
				5,643,286

Total Consumer Staples				39,503,458

Energy (38.95%)
Oil & Gas Producers (22.87%)
Aker BP ASA		45,616		1,609,976

	Shares		Value (Note 2)
Oil & Gas Producers (continued)
Antero Resources Corp.^(b)		21,746	$	785,900
APA Corp.		5,217		194,698
ARC Resources, Ltd.		147,237		3,521,673
Athabasca Oil Corp.^(b)		95,099		702,804
Baytex Energy Corp.		944,256		4,305,807
Beach Energy, Ltd.^(a)		729,619		467,191
Birchcliff Energy, Ltd.^(a)		85,806		391,126
BKV Corp.^(a)(b)		34,151		835,333
BLUENORD ASA		12,126		655,079
California Resources Corp.		11,435		601,710
Canadian Natural Resources, Ltd.		53,621		2,554,346
Cenovus Energy, Inc.		7,194		216,921
Chord Energy Corp.		27,588		3,872,803
CNX Resources Corp.^(a)(b)		63,897		2,287,513
ConocoPhillips		6,179		744,446
Crescent Energy Co.		46,377		531,944
Delek Group, Ltd.		15,980		418,884
Devon Energy Corp.		8,844		399,130
Diamondback Energy, Inc.		3,753		761,671
Eni SpA		147,186		4,070,066
Eni SpA, ADR		447		24,835
EOG Resources, Inc.		28,043		4,169,714
EQT Corp.		2,417		128,802
Equinor ASA		108,815		4,436,414
ExxonMobil Holdings Corp.		2,494		387,667
Freehold Royalties, Ltd.^(a)		154,054		1,881,374
Geopark, Ltd.		131,883		1,285,859
Harbour Energy PLC		273,567		882,664
Headwater Exploration, Inc.		197,628		1,867,940
HighPeak Energy, Inc.		89,822		642,227
Imperial Oil, Ltd.		8,100		1,050,166
Inpex Corp.		208,900		4,762,140
Japan Petroleum Exploration Co., Ltd.		176,562		1,960,875
Karoon Energy, Ltd.^(a)		1,510,581		1,849,483
Kosmos Energy, Ltd.^(a)(b)		189,473		509,682
Magnolia Oil & Gas Corp., Class A		97,825		2,515,081
Matador Resources Co.^(a)		35,409		1,766,555
MOL Hungarian Oil & Gas PLC^(b)		4,268		61,107
Murphy Oil Corp.^(a)		126,479		5,026,276
Obsidian Energy, Ltd.^(a)(b)		59,704		640,971
Occidental Petroleum Corp.		66,030		3,768,332
Parex Resources, Inc.^(a)		55,458		960,531
Permian Resources Corp.		168,745		3,595,956
Peyto Exploration & Development Corp.^(a)		173,118		3,177,463
PrairieSky Royalty, Ltd.^(a)		64,509		1,595,411
Range Resources Corp.		2,817		113,074
Repsol SA		28,104		854,926
SandRidge Energy, Inc.		7,932		110,413
SM Energy Co.		78,105		2,539,975
Suncor Energy, Inc.		36,073		2,422,450
Surge Energy, Inc.^(a)		148,000		1,092,699
Talos Energy, Inc.^(b)		112,992		1,715,219
Tamarack Valley Energy, Ltd.		88,272		844,404

	Shares		Value (Note 2)
Oil & Gas Producers (continued)
Topaz Energy Corp.^(a)		32,611	$	736,269
TotalEnergies SE		21,482		1,893,074
Tourmaline Oil Corp.		10,798		476,873
VAALCO Energy, Inc.^(a)		184,466		983,204
Var Energi ASA		619,581		3,085,647
Vermilion Energy, Inc.		73,477		874,271
Whitecap Resources, Inc.^(a)		21,030		248,127
Woodside Energy Group, Ltd.		40,972		949,948
				97,817,119

Oil & Gas Services & Equipment (11.23%)
Aker Solutions ASA		127,355		564,917
Archrock, Inc.		51,752		1,850,652
Atlas Energy Solutions, Inc.^(a)		24,926		268,952
CES Energy Solutions Corp.^(a)		52,700		614,273
China Oilfield Services Ltd.		420,833		379,922
Core Laboratories, Inc.		84,217		896,069
Enerflex, Ltd.		78,126		1,739,911
Expro, Ltd.^(b)		113,132		1,804,455
Flowco Holdings, Inc.^(a)		50,533		1,033,400
Fugro N.V.		78,267		768,058
Halliburton Co.		69,984		2,256,984
Helix Energy Solutions Group, Inc.^(b)		249,433		2,372,108
Helmerich & Payne, Inc.		72,304		2,499,549
Innovex International, Inc.^(b)		23,078		648,030
Kodiak Gas Services, Inc.		3,510		206,072
Liberty Energy, Inc., Class A		137,800		2,578,238
Nabors Industries, Ltd.^(b)		13,893		1,190,213
National Oilwell Varco, Inc.		65,963		1,281,661
Noble Corp. PLC		52,612		2,230,749
Oceaneering International, Inc.^(b)		47,731		2,328,318
Patterson-UTI Energy, Inc.		254,232		2,664,351
Precision Drilling Corp.^(a)(b)		13,907		1,081,330
ProPetro Holding Corp.^(b)		117,033		1,299,066
RPC, Inc.^(a)		197,998		1,110,769
Saipem SpA^(a)		820,829		3,964,105
SBM Offshore N.V.		27,571		1,028,202
Select Water Solutions, Inc.		33,297		616,660
SLB, Ltd.		47,513		2,356,170
Subsea 7 SA		25,428		854,263
Tetra Technologies Inc^(b)		61,429		473,003
TGS ASA		76,092		1,022,856
Tidewater, Inc.^(a)(b)		30,486		2,288,279
Trican Well Service, Ltd.^(a)		123,433		521,256
Valaris, Ltd.^(b)		10,678		845,591
Viridien^(b)		3,250		348,165
				47,986,597

Renewable Energy (4.85%)
Ameresco, Inc., Class A^(a)(b)		26,490		558,144
Array Technologies, Inc.^(a)(b)		412,458		2,153,031
Canadian Solar, Inc.^(a)(b)		36,509		550,556
Corp ACCIONA Energias Renovables SA		68,322		1,709,645

	Shares		Value (Note 2)
Renewable Energy (continued)
Enphase Energy, Inc.^(b)		35,008	$	1,314,200
First Solar, Inc.^(b)		10,617		2,240,506
Flat Glass Group Co., Ltd.^(a)		900,766		798,266
Fluence Energy, Inc.^(a)(b)		33,484		466,432
Green Plains, Inc.^(a)(b)		86,027		1,449,555
Grenergy Renovables SA^(b)		4,168		443,143
Nordex SE^(b)		41,830		1,854,202
Shoals Technologies Group, Inc., Class A^(b)		160,915		1,406,397
SMA Solar Technology AG^(b)		2,543		154,981
Vestas Wind Systems A/S		112,416		3,027,185
Xinyi Solar Holdings, Ltd.^(a)		9,290,523		2,606,237
				20,732,480

Total Energy				166,536,196

Industrials (4.78%)
Electrical Equipment (0.25%)
Bloom Energy Corp., Class A^(b)		5,236		1,077,621

Machinery (4.04%)
AGCO Corp.		14,752		1,507,064
CNH Industrial NV		142,768		1,463,372
Deere & Co.		2,973		1,762,008
Epiroc AB		24,488		627,746
FLSmidth & Co. A/S		7,191		538,271
Kubota Corp.		156,247		2,696,183
Kurita Water Industries, Ltd.		72,712		3,995,149
Organo Corp.		16,459		1,518,608
Sany Heavy Equipment International Holdings Co., Ltd.		1,447,030		1,370,937
Veralto Corp.		18,664		1,757,589
				17,236,927

Oil & Gas Services & Equipment (0.49%)
Secure Waste Infrastructure Corp.		122,253		2,106,953

Total Industrials				20,421,501

Materials (37.94%)
Base Metal (0.98%)
Hudbay Minerals, Inc.		84,810		1,924,461
NexGen Energy, Ltd.^(b)		249,725		2,284,984
				4,209,445

Base Metals (0.18%)
UACJ Corp.		51,965		769,162

Chemicals (4.63%)
AMG Critical Materials NV		16,917		573,530
CF Industries Holdings, Inc.		13,307		1,665,903
Corteva, Inc.		52,035		4,095,675
FMC Corp.^(a)		91,070		975,360
ICL Group, Ltd.		516,425		2,640,828
K+S AG		58,241		977,858

	Shares		Value (Note 2)
Chemicals (continued)
Nufarm, Ltd.^(a)(b)		274,911	$	580,324
Nutrien, Ltd.		60,106		4,151,521
Yara International ASA		87,246		4,112,138
				19,773,137

Forestry, Paper & Wood Products (0.74%)
Holmen AB		10,597		359,458
Svenska Cellulosa AB SCA		179,284		2,038,131
West Fraser Timber Co., Ltd.		11,956		774,238
				3,171,827

Metals & Mining (27.07%)
African Rainbow Minerals, Ltd.		36,555		374,683
Agnico Eagle Mines, Ltd.		15,296		2,222,050
Agnico-Eagle Mines, Ltd.		1,000		145,180
Alcoa Corp.		30,126		1,363,503
Altius Minerals Corp.^(a)		15,085		624,018
Aluminum Corp. of China, Ltd., Class H		408,309		440,464
Anglo American PLC		25,282		1,271,971
Antofagasta PLC		29,046		1,430,809
Aurubis AG		8,294		1,736,863
B2Gold Corp.		277,385		1,040,194
Bellevue Gold, Ltd.^(b)		877,599		778,079
BHP Group, Ltd.		119,711		5,080,195
Boliden AB		97,978		4,906,000
Boss Energy, Ltd.^(a)(b)		763,705		655,605
Capricorn Metals, Ltd.		253,988		2,278,665
Capstone Copper Corp.^(b)		189,777		1,801,856
Catalyst Metals, Ltd.^(b)		114,020		433,243
Centerra Gold, Inc.		53,105		912,958
Century Aluminum Co.^(b)		10,446		467,667
CGN Mining Co., Ltd.		1,471,919		454,203
Champion Iron, Ltd.^(a)		466,796		1,120,053
China Hongqiao Group, Ltd.		508,163		1,590,115
China Nonferrous Mining Corp., Ltd.		1,403,358		2,639,438
Cia de Minas Buenaventura SAA, ADR		3,903		118,183
Coeur Mining, Inc.		6,793		101,284
Compass Minerals International, Inc.^(b)		32,679		958,802
Deterra Royalties, Ltd.		224,588		687,437
Develop Global, Ltd.^(a)(b)		125,746		428,249
Emerald Resources NL^(b)		213,158		808,439
Equinox Gold Corp.		236,787		2,119,244
Eramet SA^(b)		8,675		431,354
ERO Copper Corp.^(a)(b)		59,500		1,597,589
Evolution Mining, Ltd.		160,121		1,269,782
First Quantum Minerals, Ltd.^(b)		39,038		1,082,153
Fortescue, Ltd.		300,142		3,909,221
Freeport-McMoRan, Inc.		29,137		1,824,850
Fresnillo PLC		28,581		953,368
G Mining Ventures Corp.^(b)		12,543		382,325
Genesis Minerals, Ltd.^(a)(b)		117,332		471,422

	Shares		Value (Note 2)
Metals & Mining (continued)
Greatland Resources, Ltd.^(b)		218,425	$	1,529,264
Grupo Mexico SAB de CV, Series B		231,023		2,778,359
Hecla Mining Co.		142,717		2,015,164
IGO, Ltd.^(b)		61,987		299,650
Iluka Resources, Ltd.^(a)		85,836		365,411
Impala Platinum Holdings, Ltd.		149,635		1,626,478
Industrias Penoles SAB de CV		28,206		1,296,911
IperionX, Ltd.^(a)(b)		146,268		313,911
Jiangxi Copper Co., Ltd.		116,568		522,909
JX Advanced Metals Corp.^(a)		27,307		651,675
K92 Mining, Inc.^(b)		120,769		1,940,953
Kumba Iron Ore, Ltd.		104,894		1,666,304
Labrador Iron Ore Royalty Corp.^(a)		59,414		1,133,734
Lingbao Gold Group Co., Ltd.^(a)		454,364		1,118,181
Lundin Gold, Inc.		31,153		1,744,266
Lundin Mining Corp.		33,280		824,017
Lygend Resources & Technology Co. Ltd-H		659,600		1,113,575
Lynas Rare Earths, Ltd.^(a)(b)		199,166		1,974,619
McEwen Mining, Inc.^(b)		56,067		969,398
Metso Corporation		43,185		802,258
Mineral Resources, Ltd.^(a)(b)		8,562		349,310
Mitsubishi Materials Corp.^(a)		42,379		1,116,842
MMG, Ltd.^(b)		1,849,604		1,978,754
MP Materials Corp.^(a)(b)		29,484		1,219,753
NexGen Energy, Ltd.^(a)(b)		13,219		120,889
Norsk Hydro ASA		171,739		1,570,340
Northam Platinum Holdings, Ltd.		40,679		581,429
Northern Star Resources, Ltd.		174,911		2,449,217
NRW Holdings, Ltd.		134,622		663,088
OceanaGold Corp.		119,626		2,884,302
Paladin Energy, Ltd.^(a)(b)		180,943		1,199,360
Perseus Mining, Ltd.		593,372		2,025,004
Ramaco Resources, Inc.^(a)(b)		26,773		242,125
Ramelius Resources, Ltd.		214,067		459,417
Regis Resources, Ltd.		728,299		3,120,930
Resolute Mining, Ltd.^(b)		1,613,152		1,055,639
Sandfire Resources NL^(b)		82,241		1,096,616
Shougang Fushan Resources Group, Ltd.		4,441		1,353
Skeena Resources, Ltd.^(a)(b)		16,929		449,973
South32, Ltd.		869,650		2,796,519
Southern Copper Corp.		2,718		496,606
Sumitomo Metal Mining Co., Ltd.		35,748		1,839,021
SunCoke Energy, Inc.		77,157		654,291
Teck Resources, Ltd., Class B		38,147		2,297,975
Torex Gold Resources, Inc.		32,179		1,238,404
Triple Flag Precious Metals Corp.		24,505		705,009
Uranium Energy Corp.^(b)		202,864		1,947,494
Valterra Platinum, Ltd.		24,047		1,804,495
Wanguo Gold Group, Ltd.		294,097		394,884
Warrior Met Coal, Inc.^(a)		17,688		1,404,604
West African Resources, Ltd.^(b)		549,289		1,097,681
Westgold Resources, Ltd.		198,021		659,067

	Shares		Value (Note 2)
Metals & Mining (continued)
Zijin Mining Group Co., Ltd.		45,383	$	192,356
				115,711,298

Mining Services (0.10%)
Perenti, Ltd.		281,262		419,570

Precious Metal Mining (0.63%)
Endeavour Mining PLC		57,203		2,707,028

Steel (3.61%)
Acerinox SA		48,044		962,886
Aichi Steel Corp.		48,949		909,420
APERAM SA		11,190		586,604
ArcelorMittal SA		5,269		369,053
BlueScope Steel, Ltd.		71,482		1,645,762
Cleveland-Cliffs, Inc.^(b)		9,043		104,175
Daido Steel Co., Ltd.		76,304		1,090,811
JFE Holdings, Inc.^(a)		185,414		2,118,035
Kobe Steel, Ltd.		136,161		1,777,483
Maruichi Steel Tube, Ltd.		44,594		501,421
Nippon Steel Corp.^(a)		308,114		1,257,980
OSAKA Titanium Technologies Co., Ltd.^(a)		93,144		1,660,265
Outokumpu Oyj		48,172		288,302
SSAB AB, Class A		33,351		350,595
Vallourec SACA		19,841		476,125
voestalpine AG		21,654		1,123,164
Yamato Kogyo Co., Ltd.		2,235		189,639
				15,411,720

Total Materials				162,173,187

Utilities (8.73%)
Electric Utilities (5.10%)
Boralex, Inc., Class A		89,351		2,363,402
China Datang Corp. Renewable Power Co., Ltd.^(a)		2,531,639		413,202
China Longyuan Power Group Corp., Ltd.^(a)		3,489,482		2,567,366
Drax Group PLC		139,489		1,386,468
Enlight Renewable Energy, Ltd.^(b)		22,190		1,887,584
ERG SpA		31,969		811,768
Iberdrola SA		32,966		785,004
Northland Power, Inc.^(a)		260,566		4,055,748
Ormat Technologies, Inc.^(a)		16,801		1,639,442
Orsted AS^(b)(c)(d)		75,559		1,690,228
ReNew Energy Global PLC^(b)		63,760		396,587
RENOVA, Inc.^(b)		112,590		658,111
Scatec ASA^(b)(c)(d)		86,369		834,756
Solaria Energia y Medio Ambiente SA^(a)(b)		117,447		2,278,000
				21,767,666

Gas & Water Utilities (3.63%)
American States Water Co.		8,066		690,772

	Shares		Value (Note 2)
Gas & Water Utilities (continued)
American Water Works Co., Inc.		11,246	$	1,508,876
Beijing Enterprises Water Group, Ltd.^(a)		1,621,858		477,723
California Water Service Group		41,407		2,074,905
Essential Utilities, Inc.		34,283		1,366,178
Guangdong Investment, Ltd.		2,060,881		2,225,805
H2O America^(a)		33,855		2,076,327
National Fuel Gas Co.		2,443		201,083
Severn Trent PLC		31,248		1,271,011
United Utilities Group PLC		85,841		1,600,018
Veolia Environnement SA		51,412		2,043,579
				15,536,277

Total Utilities				37,303,943

TOTAL COMMON STOCKS
(Cost $390,035,917)				427,085,648

	7-Day Yield			Shares		Value
SHORT TERM INVESTMENTS (6.98%)
Investments Purchased with Collateral from Securities Loaned (6.98%)
State Street Navigator Securities Lending Government Money Market Portfolio (Cost 29,841,380)		3.68	%		29,841,380		29,841,380

TOTAL SHORT TERM INVESTMENTS
(Cost $29,841,380)							29,841,380

TOTAL INVESTMENTS (106.89%)
(Cost $419,877,297)						$	456,927,028

Liabilities in Excess of Other Assets (-6.89%)							(29,466,499	)

NET ASSETS (100.00%)						$	427,460,529

^(a)

Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $51,448,878.

^(b)

Non-income producing security.

^(c)

^(d)

See Notes to Quarterly Schedule of Investments.

Financial Investors Trust (the “Trust”), a Delaware statutory trust, is an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”). The Trust consists of multiple separate portfolios or series. This report includes the Schedule of Investments of the ALPS | CoreCommodity Natural Resources ETF (the “Fund”), which commenced operations on July 11, 2024. The Fund seeks to maximize real returns, consistent with prudent investment management.

The Fund’s Shares (“Shares”) are listed on the Nasdaq Stock Market LLC (“Nasdaq Exchange”). The Fund issues and redeems Shares, at net asset value (“NAV”) in blocks of 15,000 Shares, each of which is called a “Creation Unit”. Creation Units are issued and redeemed principally in-kind for securities. Except when aggregated in Creation Units, Shares are not redeemable securities of the Fund.

The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its financial statements. The Fund is considered an investment company for financial reporting purposes, and follows accounting policies in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), including policies specific to investment companies. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. The following is a summary of significant accounting policies consistently followed by the Fund and subsidiaries, as applicable, in preparation of their financial statements. The Fund is considered an investment company under U.S. GAAP and follow the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification Topic 946 "Financial Services -Investment Companies". In regards to Financial Accounting Standards Board Update 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures (“ASU 2023-07”), the Chief Operating Decision Maker (“CODM”) monitors the operating results of the Fund as a whole. The Fund’s Treasurer is the CODM for the Fund. The Fund’s financial information is used by the CODM to assess each segment’s performance. The CODM has determined that the Fund is a single operating segment as defined by ASU 2023-07 that recognizes revenues and incurs expenses. This is supported by the single investment strategy of the Fund, against which the CODM assesses performance.

Investment Valuation: The Fund generally values its securities based on market prices determined at the close of regular trading on the NYSE, normally 4:00 p.m. Eastern Time, on each day the NYSE is open for trading. For equity securities and mutual funds that are traded on an exchange, the market price is usually the closing sale or official closing price on that exchange.

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Trust’s Board of Trustees (the “Board” or "Trustees") has appointed the Adviser to serve as the valuation designee (the “Valuation Designee”) to perform fair value determinations for investments in the Fund. When such prices or quotations are not available, or when the Valuation Designee appointed by the Board believes that they are unreliable, securities may be priced using fair value procedures utilized by the Valuation Designee. The fair valuation policies and procedures (“FV Procedures”) are utilized by the Valuation Designee for the fair valuation of portfolio assets held by the Fund in the event that (1) market quotations for the current price of a portfolio security or asset are not readily available, or (2) available market quotations that would otherwise be used to value a portfolio security or asset in accordance with the Funds’ Pricing Procedures appear to be unreliable. The Pricing Procedures reflect certain pricing methodologies (or “logics”) that are not “readily available market quotations” and thus are viewed and treated as fair valuations. The Valuation Designee routinely meets to discuss fair valuations of portfolio securities and other instruments held by the Fund.

Fair Value Measurements: The Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.

Various inputs are used in determining the value of the Fund’s investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments. These inputs are categorized in the following hierarchy under applicable financial accounting standards:

The following is a summary of the Fund’s investments/financial instruments in the fair value hierarchy as of July 31, 2026:

The Fund did not have any securities that used significant unobservable inputs (Level 3) in determining fair value and there were no transfers into or out of Level 3 during the period ended July 31, 2026.

Federal Income Taxes: The Fund complies with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) applicable to regulated investment companies and intend to distribute substantially all of its net taxable income and net capital gains, if any, each year. The Fund is not subject to income taxes to the extent such distributions are made.

The Fund files U.S. federal, state, and local tax returns as required. The Fund’s tax returns are subject to examination by the relevant tax authorities until expiration of the applicable statute of limitations which is generally three years after the filing of the tax return, but may extend to four years in certain jurisdictions. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

Distributions to Shareholders: The Fund normally pays dividends and distributes capital gains, if any, on an annual basis. Income dividend distributions are derived from interest, dividends, and other income the Fund receives from its investments, including distributions of short-term capital gains, if any. Capital gain distributions are derived from gains realized when the Fund sells a security it has owned for more than a year or from long-term capital gain distributions from underlying investments. The Fund may make additional distributions and dividends at other times if its portfolio manager or managers believe doing so may be necessary for the Fund to avoid or reduce taxes.

Investment Transactions and Investment Income: Investment transactions are accounted for on the date the investments are purchased or sold (trade date basis). Net realized gains and losses from investment transactions are reported on an identified cost basis. Interest income is accrued and recorded as earned. Dividend income is recognized on the ex-dividend date or for withholding taxes or certain foreign securities, as soon as information is available to the Fund.

Foreign Securities: The Fund may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the inability to repatriate foreign currency, less complete financial information about companies and possible future adverse political and economic developments.

Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.

Foreign Currency Spot Contracts: The Fund may enter into foreign currency spot contracts to facilitate transactions in foreign securities or to convert foreign currency receipts into U.S. dollars. A foreign currency spot contract is an agreement between two parties to buy and sell currencies at the current market rate, for settlement generally within two business days. The U.S. dollar value of the contracts is determined using current currency exchange rates supplied by a pricing service. The contract is marked-to-market daily for settlements beyond one day and any change in market value is recorded as an unrealized gain or loss. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value on the open and close date. Losses may arise from changes in the value of the foreign currency, or if the counterparties do not perform under the contract’s terms. The maximum potential loss from such contracts is the aggregate face value in U.S. dollars at the time the contract was opened.

Master Limited Partnerships (“MLPs”): The Fund may invest in MLPs, which are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as a MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Code. These qualifying sources include natural resource based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners, the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

Lending of Portfolio Securities: The Fund has entered into a securities lending agreement with State Street Bank & Trust Co. (“SSB”), the Fund’s lending agent. The Fund may lend its portfolio securities only to borrowers that are approved by SSB. The Fund will limit such lending to not more than 33 1/3% of the value of its total assets. The Fund’s securities held at SSB as custodian shall be available to be lent except those securities the Fund or ALPS Advisors, Inc. specifically identifies in writing as not being available for lending. The borrower pledges and maintains with the Fund collateral consisting of cash (U.S. Dollars only), securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and cash equivalents (including irrevocable bank letters of credit) issued by a person other than the borrower or an affiliate of the borrower. The initial collateral received by the Fund is required to have a value of no less than 102% of the market value of the loaned securities for U.S equity securities and a value of no less than 105% of the market value for non-U.S. equity securities. The collateral is maintained thereafter, at a market value equal to not less than 102% of the current value of the U.S. equity securities on loan and not less than 105% of the current value of the non-U.S. equity securities on loan. The market value of the loaned securities is determined at the close of each business day and any additional required collateral is delivered to the Fund on the next business day. During the term of the loan, the Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the customary time period for settlement of securities transactions.

Any cash collateral received is reinvested in a money market fund managed by SSB as disclosed in the Fund’s Statement of Investments. Non-cash collateral, in the form of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, is not disclosed in the Fund’s Statement of Investments as it is held by the lending agent on behalf of the Fund, and the Fund does not have the ability to re-hypothecate these securities.

The following is a summary of the Fund’s securities lending agreement and related cash and non-cash collateral received as of July 31, 2026:

Description	Counterparty	Position	Contracts	Expiration Date	Notional Value(Note 2)			Unrealized Appreciation
Brent Crude Future	Morgan Stanley	Long	344	9/30/2026	$	29,095,520		$	1,497,905
Cocoa Future	Morgan Stanley	Short	(4)	12/15/2026		(221,440	)		16,670
Coffee 'C' Future	Morgan Stanley	Long	6	12/18/2026		707,963			93,997
Corn Future	Morgan Stanley	Short	(136)	9/14/2026		(2,997,100	)		24,329
Corn Future	Morgan Stanley	Short	(95)	12/14/2026		(2,204,000	)		6,020
Feeder Cattle Future	Morgan Stanley	Short	(1)	9/24/2026		(171,888	)		4,610
Feeder Cattle Future	Morgan Stanley	Short	(1)	11/19/2026		(164,563	)		10,593
Gasoline RBOB Future	Morgan Stanley	Short	(2)	8/31/2026		(261,593	)		4,649
Gasoline RBOB Future	Morgan Stanley	Long	2	12/31/2026		207,892			3,835
Hard Red Winter Wheat Future	Morgan Stanley	Long	34	12/14/2026		1,230,375			14,016
Lean Hogs Future	Morgan Stanley	Short	(29)	10/14/2026		(984,260	)		4,222
Live Cattle Future	Morgan Stanley	Long	2	10/30/2026		181,800			6,755
Live Cattle Future	Morgan Stanley	Short	(10)	12/31/2026		(907,800	)		21,073
LME Aluminum Future	Morgan Stanley	Short	(97)	9/14/2026		(7,731,894	)		258,803
LME Aluminum Future	Morgan Stanley	Short	(51)	12/14/2026		(4,053,518	)		276,027
LME Aluminum Future	Morgan Stanley	Long	57	1/18/2027		4,523,990			82,153
LME Copper Future	Morgan Stanley	Long	2	8/17/2026		692,923			25,828
LME Copper Future	Morgan Stanley	Long	6	9/14/2026		2,074,670			119,113
LME Copper Future	Morgan Stanley	Long	6	11/16/2026		2,068,128			95,026
LME Copper Future	Morgan Stanley	Long	6	1/18/2027		2,064,791			60,745
LME Lead Future	Morgan Stanley	Short	(67)	9/14/2026		(3,114,847	)		187,430
LME Lead Future	Morgan Stanley	Short	(47)	11/16/2026		(2,217,272	)		10,648
LME Lead Future	Morgan Stanley	Short	(4)	1/18/2027		(191,279	)		2,017
LME Nickel Future	Morgan Stanley	Short	(54)	9/14/2026		(5,563,534	)		443,472
LME Nickel Future	Morgan Stanley	Long	1	12/14/2026		104,179			2,788
LME Nickel Future	Morgan Stanley	Short	(19)	12/14/2026		(1,979,408	)		167,227
LME Nickel Future	Morgan Stanley	Long	30	1/18/2027		3,138,161			142,510
LME Tin Future	Morgan Stanley	Long	2	9/14/2026		551,480			26,723
LME Tin Future	Morgan Stanley	Long	3	11/16/2026		829,935			62,444
LME Tin Future	Morgan Stanley	Long	2	1/18/2027		553,850			27,833
LME Zinc Future	Morgan Stanley	Long	65	9/14/2026		5,955,901			507,852
LME Zinc Future	Morgan Stanley	Long	42	11/16/2026		3,823,974			247,903
LME Zinc Future	Morgan Stanley	Long	19	1/18/2027		1,721,224			41,899
Natural Gas Future	Morgan Stanley	Short	(44)	8/27/2026		(1,208,680	)		62,013
Natural Gas Future	Morgan Stanley	Short	(186)	11/25/2026		(6,861,540	)		333,076
Natural Gas Future	Morgan Stanley	Short	(304)	12/29/2026		(12,661,600	)		396,265
Palladium Future	Morgan Stanley	Long	7	12/29/2026		908,670			10,399
Platinum Future	Morgan Stanley	Long	7	10/28/2026		580,545			10,669
Soybean Future	Morgan Stanley	Short	(34)	11/13/2026		(2,018,750	)		36,104
Soybean Future	Morgan Stanley	Short	(25)	1/14/2027		(1,501,562	)		20,092
Soybean Meal Future	Morgan Stanley	Short	(43)	12/14/2026		(1,381,160	)		926
Soybean Meal Future	Morgan Stanley	Long	61	1/14/2027		1,973,350			47,578
Soybean Oil Future	Morgan Stanley	Short	(37)	12/14/2026		(1,485,180	)		78,698
Sugar #11 Future	Morgan Stanley	Short	(74)	9/30/2026		(1,215,021	)		13,314
Wheat Future	Morgan Stanley	Short	(80)	9/14/2026		(2,557,000	)		15,549
Wheat Future	Morgan Stanley	Long	10	12/14/2026		328,750			8,853
White Sugar Future	Morgan Stanley	Long	25	11/13/2026		576,875			26,799
WTI Crude Future	Morgan Stanley	Long	320	8/20/2026		27,094,400			3,809,234
WTI Crude Future	Morgan Stanley	Long	82	9/22/2026		6,682,180			652,032
					$	34,016,637		$	10,018,716

Description	Counterparty	Position	Contracts	Expiration Date	Notional Value(Note 2)			Unrealized Depreciation
Brent Crude Future	Morgan Stanley	Short	(175)	12/1/2026	$	(14,103,250	)	$	(524,098	)
Cocoa Future	Morgan Stanley	Short	(31)	9/15/2026		(1,673,070	)		(98,751	)
Coffee 'C' Future	Morgan Stanley	Short	(6)	9/18/2026		(747,225	)		(8,303	)
Copper Future	Morgan Stanley	Short	(2)	9/28/2026		(323,275	)		(4,330	)
Cotton No.2 Future	Morgan Stanley	Short	(19)	12/8/2026		(777,005	)		(6,036	)
Feeder Cattle Future	Morgan Stanley	Long	3	1/28/2027		482,888			(35,128	)
Gasoline RBOB Future	Morgan Stanley	Long	51	9/30/2026		6,069,785			(289,898	)
Gasoline RBOB Future	Morgan Stanley	Short	(44)	11/30/2026		(4,712,770	)		(245,057	)
Gold Future	Morgan Stanley	Long	3	12/29/2026		1,232,100			(19,917	)
Hard Red Winter Wheat Future	Morgan Stanley	Short	(58)	9/14/2026		(2,051,750	)		(83,089	)
Lean Hogs Future	Morgan Stanley	Short	(30)	12/15/2026		(908,100	)		(10,211	)
Live Cattle Future	Morgan Stanley	Short	(1)	10/30/2026		(90,900	)		(3,403	)
LME Aluminum Future	Morgan Stanley	Long	99	9/14/2026		7,891,315			(176,359	)
LME Aluminum Future	Morgan Stanley	Long	64	11/16/2026		5,093,168			(445,844	)
LME Aluminum Future	Morgan Stanley	Short	(64)	11/16/2026		(5,093,168	)		(34,395	)
LME Aluminum Future	Morgan Stanley	Long	6	12/14/2026		476,885			(21,711	)
LME Aluminum Future	Morgan Stanley	Short	(7)	1/18/2027		(555,578	)		(2,549	)
LME Copper Future	Morgan Stanley	Short	(2)	8/17/2026		(692,923	)		(14,847	)
LME Copper Future	Morgan Stanley	Short	(8)	9/14/2026		(2,766,226	)		(116,187	)
LME Copper Future	Morgan Stanley	Short	(6)	11/16/2026		(2,068,128	)		(64,407	)
LME Copper Future	Morgan Stanley	Short	(1)	1/18/2027		(344,132	)		(5,451	)
LME Lead Future	Morgan Stanley	Long	60	9/14/2026		2,789,415			(171,118	)
LME Lead Future	Morgan Stanley	Long	47	11/16/2026		2,217,272			(137,815	)
LME Lead Future	Morgan Stanley	Long	45	1/18/2027		2,151,889			(7,538	)
LME Nickel Future	Morgan Stanley	Long	47	9/14/2026		4,842,335			(71,120	)
LME Nickel Future	Morgan Stanley	Short	(32)	11/16/2026		(3,322,412	)		(151,327	)
LME Nickel Future	Morgan Stanley	Long	32	11/16/2026		3,322,412			(416,208	)
LME Nickel Future	Morgan Stanley	Short	(2)	1/18/2027		(209,211	)		(6,400	)
LME Tin Future	Morgan Stanley	Short	(2)	9/14/2026		(551,480	)		(32,857	)
LME Tin Future	Morgan Stanley	Short	(3)	11/16/2026		(829,935	)		(36,991	)
LME Zinc Future	Morgan Stanley	Short	(61)	9/14/2026		(5,589,384	)		(367,533	)
LME Zinc Future	Morgan Stanley	Short	(42)	11/16/2026		(3,823,974	)		(146,538	)
LME Zinc Future	Morgan Stanley	Short	(5)	1/18/2027		(452,954	)		(4,061	)
Low Su Gasoil G Future	Morgan Stanley	Short	(15)	9/10/2026		(1,845,750	)		(382,446	)
Low Su Gasoil G Future	Morgan Stanley	Long	52	10/12/2026		6,026,800			(52,976	)
Low Su Gasoil G Future	Morgan Stanley	Short	(5)	1/12/2027		(494,625	)		(3,035	)
Natural Gas Future	Morgan Stanley	Long	649	9/28/2026		18,087,630			(1,064,944	)
NY Harbor ULSD	Morgan Stanley	Short	(3)	8/31/2026		(516,033	)		(56,375	)
NY Harbor ULSD	Morgan Stanley	Short	(1)	9/30/2026		(166,228	)		(9,066	)
NY Harbor ULSD	Morgan Stanley	Short	(32)	11/30/2026		(4,878,720	)		(528,665	)
Palladium Future	Morgan Stanley	Long	10	9/28/2026		1,281,400			(54,771	)
Platinum Future	Morgan Stanley	Long	11	1/28/2027		920,810			(113,113	)
Robusta Coffee Future	Morgan Stanley	Long	15	1/25/2027		561,600			(12,894	)
Silver Future	Morgan Stanley	Long	4	9/28/2026		1,155,720			(11,129	)
Silver Future	Morgan Stanley	Long	14	12/29/2026		4,089,960			(947,733	)
Soybean Oil Future	Morgan Stanley	Long	54	1/14/2027		2,165,940			(52,304	)
Sugar #11 Future	Morgan Stanley	Long	15	2/26/2027		260,904			(3,500	)
WTI Crude Future	Morgan Stanley	Short	(377)	11/20/2026		(28,817,880	)		(2,479,776	)
WTI Crude Future	Morgan Stanley	Short	(153)	12/21/2026		(11,456,640	)		(700,711	)
					$	(28,742,498	)	$	(10,232,915	)

Swap Counterparty	Reference Obligation	Notional Amount		Floating Rate/Fixed Amount Paid by Fund*	Termination Date	Value		Unrealized Appreciation
UBS Group AG	CRB 3m Fwd TR Index**	$	43,688,938	USB3MTA + 25 bps	11/30/2026	$	43,688,951	$	13
Citigroup	CRB 3m Fwd TR Index**		10,976,858	USB3MTA + 24 bps	10/30/2026		10,976,866		8
Societe Generale	CRB 3m Fwd TR Index**		33,983,759	USB3MTA + 24 bps	10/30/2026		33,983,767		8
Bank of America - Merrill Lynch	CRB 3m Fwd TR Index**		19,335,366	USB3MTA + 25 bps	6/30/2027		19,335,371		5
RBC	CRB 3m Fwd TR Index**		13,397,489	USB3MTA + 29 bps	10/30/2026		13,397,494		5
RBC	BCOM 3m Fwd TR Index***		14,949,759	USB3MTA + 12 bps	10/30/2026		14,949,736		(23	)
Citigroup	BCOM 3m Fwd TR Index***		18,273,409	USB3MTA + 11 bps	10/30/2026		18,273,369		(40	)
Bank of America - Merrill Lynch	BCOM 3m Fwd TR Index***		21,190,432	USB3MTA + 12 bps	10/30/2026		21,190,384		(48	)
Goldman Sachs	BCOM 3m Fwd TR Index***		37,898,253	USB3MTA + 11 bps	10/30/2026		37,898,165		(88	)
Societe Generale	BCOM TR Index***		25,871,219	USB3MTA + 10 bps	10/30/2026		25,871,126		(93	)
Societe Generale	BCOM 3m Fwd TR Index***		49,456,167	USB3MTA + 12 bps	10/30/2026		49,456,045		(122	)
Bank of America - Merrill Lynch	BCOM TR Index***		67,790,526	USB3MTA + 12 bps	10/30/2026		67,790,279		(247	)
RBC	BCOM TR Index***		96,824,186	USB3MTA + 12 bps	10/30/2026		96,823,831		(355	)
Citigroup	BCOM TR Index***		150,179,471	USB3MTA + 10 bps	10/30/2026		150,178,920		(551	)
		$	603,815,832			$	603,814,304	$	(1,528	)

Counterparty	Settlement Date	Fund Receiving	U.S. $ Value at July 31, 2026			Fund Delivering	U.S. $ Value at July 31, 2026			Unrealized Appreciation/ (Depreciation)
State Street Bank & Trust Company	11/20/26	USD	$	(1,276,346	)	GBP	$	(1,282,158	)	$	5,812
										$	5,812

State Street Bank & Trust Company	09/18/26	USD	$	(1,293,809	)	GBP	$	(1,290,871	)	$	(2,938	)
										$	(2,938	)

Level 1 –	Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;

Level 2 –	Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

Level 3 –	Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

Investments in Securities at Value	Level 1 - Unadjusted Quoted Prices			Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Total
ALPS \| CoreCommodity Management CompleteCommodities^® Strategy Fund
Common Stocks^(a)	$	–		$	–		$	1,239	$	1,239
Exchange Traded Funds		367,047,953			–			–		367,047,953
Government Bonds		–			501,827,119			–		501,827,119
Short Term Investments		73,482,135			–			–		73,482,135
Total	$	440,530,088		$	501,827,119		$	1,239	$	942,358,446
Other Financial Instruments
Assets:
Futures Contracts	$	10,018,716		$	–		$	–	$	10,018,716
Liabilities:
Contracts for Difference (TRS)		–			(1,528	)		–		(1,528	)
Futures Contracts		(10,232,915	)		–			–		(10,232,915	)
Total	$	(214,199	)	$	(1,528	)	$	–	$	(215,727	)

Security Name	Fair Value as of October 31, 2025		Purchases		Sales			Fair Value as of July 31, 2026		Share Balance as of July 31, 2026		Dividends		Change in Unrealized Gain (Loss)			Realized Gain (Loss)
ALPS Dynamic Core Income ETF*	$	1,989,749	$	–	$	(1,969,148	)	$	–	$	–	$	24,804	$	34,077		$	(54,678	)
ALPS Strategic Income Fund**		6,881,169		2,999,055		–			9,583,922		426,610		304,036		(296,302	)		–
Alerian Energy Infrastructure ETF		–		1,509,163		(1,519,003	)		–		–		–		–			9,840
ALPS Active Equity Opportunity ETF		10,971,893		2,277,566		–			14,783,920		197,380		62,820		1,534,060			–
ALPS Dynamic US Dividend Advantage ETF***		14,465,171		2,666,661		(3,708,546	)		14,969,623		208,132		199,282		(418,888	)		1,965,225
ALPS Electrification Infrastructure ETF		4,722,179		–		(2,284,282	)		2,971,316		72,910		33,160		(161,682	)		695,101
ALPS Equal Sector Weight ETF		–		1,162,937		–			1,173,563		22,975		1,562		10,626			–
ALPS International Sector Dividend Dogs ETF		3,605,798		–		(387,689	)		3,876,627		88,710		145,779		588,715			69,803
ALPS O'Shares International Developed Quality Dividend ETF		–		1,171,670		–			1,223,522		34,380		6,237		51,852			–
ALPS O'Shares U.S. Quality Dividend ETF		3,113,604		–		(3,178,185	)		–		–		23,511		(275,915	)		340,496
	$	45,749,563	$	11,787,052	$	(13,046,853	)	$	48,582,493			$	801,191	$	1,066,543		$	3,025,787