Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

1

/

December

2022

Issues

Maturity

Date

Principal

Amount

Value

BONDS

–

90

.76

%

ASSET-BACKED

SECURITIES

—

0

.30

%

**

AMMC

CLO

18

Ltd.,

Series

2016-18A,

Class

BR

(Cayman

Islands)

(LIBOR

USD

3-Month

plus

1.60%)

6.34%

05/26/31

1,2,3

$

1,165,000‌

$

1,122,478‌

Total

Asset-Backed

Securities

(Cost

$1,120,445)

BANK

LOANS

—

89

.08

%

*

Automotive

—

0

.47

%

Clarios

Global

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

04/30/26

2

461,302‌

453,615‌

First

Brands

Group

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

5.00%)

8.37%

03/30/27

2

1,354,533‌

1,288,838‌

1,742,453‌

Communications

—

6

.01

%

Altice

Financing

SA,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

6.83%

01/31/26

2

148,026‌

143,215‌

(SOFR

plus

3.25%)

9.32%

10/31/27

2

1,200,000‌

1,152,000‌

Altice

SA,

Term

Loan

B13,

1st

Lien

(France)

(LIBOR

plus

4.00%)

8.65%

08/14/26

2,3

480,000‌

447,802‌

Banijay

Group

U.S.

Holding,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

7.89%

03/01/25

2

477,447‌

476,354‌

CCI

Buyer,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

8.58%

12/17/27

2

976,282‌

935,278‌

CenturyLink,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.25%)

6.63%

03/15/27

2

790,040‌

751,735‌

Consolidated

Communications,

Inc.,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

10/02/27

2

1,250,000‌

1,107,812‌

Coralus

Co-Borrower

LLC,

Term

Loan

B5,

1st

Lien

(LIBOR

plus

2.25%)

6.57%

01/31/28

2

2,250,000‌

2,183,062‌

Crown

Subsea

Communications

Holding,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.75%)

8.87%

04/27/27

2

801,370‌

784,004‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Communications

(continued)

CSC

Holdings

LLC,

Term

Loan

B5,

1st

Lien

(LIBOR

plus

2.50%)

6.82%

04/15/27

2

$

977,387‌

$

875,983‌

Cyxtera

DC

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.00%)

7.36%

05/01/24

2

500,000‌

428,595‌

Dawn

Acquisition

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.48%

12/31/25

2

256,691‌

169,691‌

Diamond

Sports

Group,

LLC,

Term

Loan,

2nd

Lien

(SOFR

plus

2.25%)

7.57%

08/24/26

2

166,993‌

21,431‌

Frontier

Communications

Holdings

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.50%

05/01/28

2

231,294‌

221,485‌

Global

Tel*Link

Corp.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.25%)

8.49%

11/29/25

2

975,146‌

845,637‌

Gray

Television,

Inc.,

Term

Loan

D,

1st

Lien

(LIBOR

plus

3.00%)

7.12%

12/01/28

2

490,025‌

476,907‌

Intelsat

Jackson

Holdings

SA,

Term

Loan,

1st

Lien

(Luxembourg)

(SOFR

plus

3.25%)

7.44%

02/01/29

2,3

3,513,484‌

3,399,296‌

MH

Sub

I

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

09/13/24

2

2,307,028‌

2,246,884‌

National

CineMedia

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

8.00%)

12.50%

12/20/24

2

575,428‌

152,969‌

Term

Loan

B,

1st

Lien

(Luxembourg)

(LIBOR

plus

4.00%)

8.50%

06/20/25

2,3

1,233,644‌

314,030‌

NEP

Group,

Inc.,

Term

Loan

B,

1st

Lien

(PRIME

plus

4.00%)

10.50%

10/20/25

2

247,500‌

216,718‌

NEP/NCP

Holdco,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

10/20/25

2

479,028‌

415,358‌

Term

Loan,

2nd

Lien

(LIBOR

plus

7.00%)

11.38%

10/19/26

2

440,000‌

329,450‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

2

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Communications

(continued)

New

Insight

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

5.50%)

8.84%

12/20/24

2

$

475,000‌

$

359,615‌

Numericable

U.S.

LLC,

Term

Loan

B12,

1st

Lien

(LIBOR

plus

3.69%)

7.77%

01/31/26

2

981,832‌

912,289‌

Terrier

Media

Buyer,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.23%

12/17/26

2

1,008,736‌

947,314‌

UPC

Financing

Partnership,

Term

Loan

AT,

1st

Lien

(LIBOR

plus

2.25%)

6.57%

04/30/28

2

250,000‌

244,531‌

Zayo

Group

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.38%

03/09/27

2

1,504,276‌

1,225,263‌

(SOFR

plus

3.25%)

8.57%

03/09/27

2

496,250‌

414,213‌

22,198,921‌

Consumer

Discretionary

—

4

.12

%

ADMI

Corp.,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

3.38%)

7.76%

12/23/27

2

1,228,125‌

1,117,287‌

AI

Aqua

Merger

Sub,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.00%)

7.84%

-

8.63%

07/31/28

2,4

849,537‌

802,103‌

(SOFR

plus

3.75%)

4.39%

07/30/28

2

1,147,125‌

1,083,316‌

Arterra

Wines

Canada,

Inc.,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

3.50%)

8.23%

11/24/27

2

1,182,203‌

1,109,793‌

City

Brewing

Co.

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.79%

04/05/28

2

988,737‌

443,696‌

Naked

Juice,

LLC,

Term

Loan,

1st

Lien

(Luxembourg)

(SOFR

plus

3.25%)

7.93%

01/24/29

2,3

497,500‌

447,404‌

Term

Loan,

2nd

Lien

(SOFR

plus

6.50%)

10.68%

01/24/30

2

2,100,000‌

1,697,388‌

New

Trojan

Parent,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.54%

-

7.63%

01/06/28

2

1,477,500‌

1,037,944‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Consumer

Discretionary

(continued)

Pegasus

Bidco

BV,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.25%)

8.52%

07/12/29

2

$

1,000,000‌

$

970,000‌

Playa

Hotels

&Amp;

Resorts

B.V.,

Term

Loan,

1st

Lien

(SOFR

plus

3.25%)

8.58%

01/05/29

2

625,000‌

610,419‌

Prometric

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.39%

01/29/25

2

955,263‌

844,219‌

Sunshine

Luxembourg

VII

SARL,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.48%

10/01/26

2

2,210,625‌

2,122,509‌

Triton

Water

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.23%

03/31/28

2

1,477,502‌

1,379,063‌

Waystar

technologies,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

10/22/26

2

950,014‌

935,763‌

Weber-Stephen

Products

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

8.61%

10/30/27

2

709,388‌

610,074‌

15,210,978‌

Electric

—

1

.11

%

CommScope,

Inc.,

Term

Loan

B2,

1st

Lien

(France)

(LIBOR

plus

3.25%)

7.63%

04/06/26

2

1,939,950‌

1,833,737‌

Endure

Digital,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.72%

02/10/28

2

1,970,000‌

1,777,925‌

Pike

Corp.,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.50%)

7.82%

01/21/28

2

498,750‌

495,219‌

4,106,881‌

Energy

—

1

.00

%

Apro

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

7.92%

11/14/26

2

1,322,742‌

1,288,568‌

Calpine

Corp.,

Term

Loan

B10,

1st

Lien

(LIBOR

plus

2.00%)

6.38%

08/12/26

2

187,441‌

185,368‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

3

/

December

2022

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Energy

(continued)

EG

America

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

02/07/25

2

$

497,391‌

$

470,969‌

Parkway

Generation

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.75%)

9.07%

02/16/29

2

912,231‌

899,232‌

Term

Loan

C,

1st

Lien

(SOFR

plus

4.75%)

9.07%

02/16/29

2

128,677‌

127,337‌

TransMontaigne

Operating

Co.

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.43%)

7.85%

-

7.89%

11/17/28

2

738,769‌

726,073‌

3,697,547‌

Entertainment

—

1

.86

%

Alpha

Topco

Ltd.

-

Delta

2

(Lux)

Sarl,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.25%)

7.57%

01/15/30

2

1,500,000‌

1,501,125‌

AMC

Entertainment

Holdings,

Inc.,

Term

Loan

B1,

1st

Lien

(France)

(LIBOR

plus

3.00%)

7.27%

04/22/26

2

520,941‌

284,835‌

Crown

Finance

U.S.,

Inc.,

Delayed-Draw

Term

Loan,

1st

Lien

(Luxembourg)

(SOFR

plus

9.00%)

14.28%

-

14.42%

09/07/23

2

1,822,543‌

1,794,831‌

NAI

Entertainment

Holdings

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.50%)

6.89%

05/08/25

2

1,391,572‌

1,335,909‌

SMG

US

Midco 2,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

2.50%)

6.91%

01/23/25

2

987,284‌

964,251‌

WMG

Acquisition

Corp.,

Term

Loan,

1st

Lien

(SOFR

plus

2.00%)

7.32%

01/20/28

2

1,000,000‌

992,915‌

6,873,866‌

Finance

—

3

.85

%

Auris

Lux

III

SA,

Term

Loan

B2,

1st

Lien

(Luxembourg)

(LIBOR

plus

3.75%)

8.50%

-

8.68%

02/27/26

2,3

1,203,132‌

1,079,811‌

Camelot

Finance

SA,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.38%

10/30/26

2

868,214‌

855,734‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Finance

(continued)

DCG

Acquisition

Corp.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.50%)

8.92%

09/30/26

2

$

692,162‌

$

654,092‌

Deerfield

Dakota

Holding

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

8.07%

04/09/27

2

1,489,815‌

1,395,078‌

Term

Loan,

2nd

Lien

(LIBOR

plus

6.75%)

11.13%

04/07/28

2

250,000‌

239,062‌

Delos

Finance

Sarl,

Term

Loan,

1st

Lien

(LIBOR

plus

1.75%)

6.47%

10/06/23

2

1,000,000‌

999,810‌

First

Eagle

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.50%)

7.23%

02/01/27

2

1,416,370‌

1,383,971‌

Fiserv

Investment

Solutions,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.32%

02/18/27

2

989,848‌

942,216‌

Focus

Financial

Partners

LLC,

Term

Loan

B5,

1st

Lien

(SOFR

plus

2.25%)

7.57%

06/30/28

2

498,750‌

493,867‌

Guggenheim

Partners

Investment

Management

Holdings

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.25%)

7.57%

12/12/29

2

750,000‌

742,504‌

Hertz

Corp.

(The),

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

06/30/28

2

1,248,467‌

1,226,270‌

Term

Loan

C,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

06/30/28

2

238,871‌

234,624‌

Jane

Street

Group

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

7.13%

01/26/28

2

1,715,000‌

1,667,434‌

Mozart

Borrower,

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

10/23/28

2

1,036,516‌

986,872‌

Telenet

Financing

USD

LLC,

Term

Loan

AR,

1st

Lien

(LIBOR

plus

2.00%)

6.32%

04/28/28

2

500,000‌

487,875‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

4

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Finance

(continued)

Trident

TPI

Holdings,

Inc.,

Term

Loan

B3,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

09/15/28

2

$

864,829‌

$

832,554‌

14,221,774‌

Food

—

3

.93

%

8th

Avenue

Food

&

Provisions,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

10/01/25

2

497,409‌

418,058‌

8th

Avenue

Food &

Provisions,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.75%)

9.13%

10/01/25

2

493,750‌

415,779‌

Chobani

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

10/25/27

2

968,795‌

953,856‌

Dessert

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

06/09/28

2

2,473,141‌

2,275,290‌

Flora

Food

Group,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

3.00%)

5.90%

07/02/25

2

1,934,487‌

1,761,960‌

Froneri

U.S.,

Inc.,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

2.25%)

6.64%

01/29/27

2

498,721‌

486,323‌

H-Food

Holdings

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

3.69%)

8.07%

05/23/25

2

248,698‌

222,180‌

Hostess

Brands

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.25%)

6.63%

-

6.66%

08/03/25

2

362,189‌

361,642‌

Matterhorn

Merger

Sub

LLC,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

05/23/25

2

1,466,064‌

1,314,744‌

Shearer's

Foods

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

09/23/27

2

2,018,925‌

1,930,597‌

Snacking

Investments

Bidco,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.00%)

8.32%

12/18/26

2

1,228,616‌

1,200,973‌

Sovos

Brands

Intermediate,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.91%

06/08/28

2

1,536,207‌

1,500,367‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Food

(continued)

TKC

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

5.50%)

9.89%

05/15/28

2

$

973,571‌

$

819,625‌

Utz

Quality

Foods

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.00%)

7.44%

01/20/28

2

861,575‌

855,652‌

14,517,046‌

Gaming

—

2

.65

%

Bally's

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.54%

10/02/28

2

493,753‌

458,203‌

Entain

PLC,

Term

Loan

B2,

1st

Lien

(SOFR

plus

2.50%)

8.18%

10/31/29

2

400,000‌

398,750‌

Flutter

Entertainment

PLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.25%)

8.09%

07/22/28

2

997,500‌

994,592‌

Golden

Nugget,

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.00%)

8.32%

01/26/29

2

1,977,525‌

1,884,097‌

GVC

Holdings

Gibraltar

Ltd.,

Term

Loan

B4,

1st

Lien

(LIBOR

plus

2.50%)

7.23%

03/29/27

2

1,723,750‌

1,713,787‌

J&J

Ventures

Gaming

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

04/26/28

2

1,496,187‌

1,438,210‌

Penn

National

Gaming,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

1.75%)

7.17%

05/03/29

2

995,000‌

986,776‌

Scientific

Games

Holdings

LP,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.50%)

7.10%

04/04/29

2

1,998,990‌

1,911,224‌

9,785,639‌

Health

Care

—

13

.23

%

ADMI

Corp.,

Term

Loan

B,

1st

Lien

(France)

(LIBOR

plus

3.00%)

7.38%

04/30/25

2

955,138‌

902,085‌

Bausch

&

Lomb

Corp.,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.25%)

7.84%

05/10/27

2

2,488,747‌

2,374,041‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

5

/

December

2022

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Health

Care

(continued)

Bella

Holding

Co.

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

05/10/28

2

$

987,500‌

$

934,669‌

Cano

Health,

LLC,

Term

Loan,

1st

Lien

(SOFR

plus

4.00%)

8.42%

11/23/27

2

1,997,717‌

1,594,179‌

Carestream

Dental,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.50%)

8.88%

09/01/24

2

1,564,013‌

1,556,193‌

CCS-CMGC

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

5.50%)

9.91%

10/01/25

2

480,000‌

382,099‌

Certara

Holdco,

Inc.,

Term

Loan

B,

1st

Lien

(France)

(LIBOR

plus

3.50%)

7.88%

08/15/26

2

1,970,000‌

1,949,069‌

Charlotte

Buyer,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

5.25%)

9.05%

02/11/28

2

950,000‌

902,899‌

Curia

Global, Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.16%

08/30/26

2

2,164,220‌

1,792,927‌

CVET

Midco

2

LP,

Term

Loan,

1st

Lien

(SOFR

plus

4.00%)

9.58%

10/13/29

2

1,300,000‌

1,221,350‌

Da

Vinci

Purchaser

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

01/08/27

2

2,194,972‌

2,004,745‌

Dermatology

Intermediate

Holdings,

Inc.,

Delayed-Draw

Term

Loan,

1st

Lien

(SOFR

plus

3.25%)

8.57%

04/02/29

2,5

251,873‌

246,206‌

Grifols

Worldwide

Operations

USA,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.00%)

6.38%

11/15/27

2

925,556‌

897,021‌

Heartland

Dental

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.39%

04/30/25

2

2,503‌

2,332‌

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

04/30/25

2

1,469,285‌

1,361,660‌

Horizon

Therapeutics

USA,

Inc.,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

2.00%)

6.44%

05/22/26

2

500,000‌

500,312‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Health

Care

(continued)

Jazz

Financing

Lux

SARL,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

05/05/28

2

$

1,826,449‌

$

1,813,180‌

LSCS

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.50%)

8.88%

12/16/28

2

2,425,500‌

2,323,932‌

National

Seating

&

Mobility,

Term

Loan,

1st

Lien

(SOFR

plus

5.25%)

9.67%

11/16/26

2

1,952,277‌

1,760,300‌

NMN

Holdings

III

Corp.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

11/13/25

2,6

1,191,750‌

1,042,781‌

Option

Care

Health,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

7.13%

10/27/28

2

1,980,000‌

1,968,862‌

Organon

&

Co.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.75%

06/02/28

2

1,429,667‌

1,419,330‌

Pacific

Dental

Services,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.85%

05/05/28

2

985,000‌

965,916‌

Pathway

Vet

Alliance

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

03/31/27

2

2,439,526‌

2,045,128‌

Peraton

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

02/01/28

2

2,411,531‌

2,359,285‌

Perrigo

Investments

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.50%)

6.92%

04/20/29

2

1,990,000‌

1,982,537‌

PetVet

Care

Centers

LLC,

Term

Loan

B3,

1st

Lien

(Luxembourg)

(LIBOR

plus

3.50%)

7.88%

02/14/25

2

1,708,779‌

1,611,208‌

Phoenix

Guarantor,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

03/05/26

2

1,963,772‌

1,852,632‌

Phoenix

Newco,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

11/15/28

2

2,481,250‌

2,395,101‌

Pluto

Acquisition

I,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

06/22/26

2

486,216‌

330,627‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

6

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Health

Care

(continued)

Premise

Health

Holding

Corp.,

Term

Loan,

1st

Lien

(Luxembourg)

(LIBOR

plus

3.75%)

7.92%

07/10/25

2,3

$

2,099,494‌

$

2,036,509‌

Resonetics

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.41%

04/28/28

2

1,729,362‌

1,651,541‌

Sharp

Midco

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

12/29/28

2

1,736,875‌

1,654,373‌

Surgery

Center

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.05%

08/31/26

2

1,073,204‌

1,062,354‌

48,897,383‌

Industrials

—

12

.33

%

Alliance

Laundry

Systems,

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.41%

10/08/27

2

1,484,683‌

1,457,587‌

Anchor

Packaging

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

07/18/26

2

458,306‌

439,401‌

Arterrsa

Services  LLC,

Term

Loan,

1st

Lien

(Luxembourg)

(LIBOR

plus

3.50%)

8.23%

03/06/25

2

1,477,500‌

1,215,251‌

ASP

Blade

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

10/13/28

2

1,238,235‌

992,910‌

AZZ,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.25%)

8.67%

05/11/29

2

1,614,588‌

1,616,356‌

BCPE

Empire

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

06/11/26

2

493,763‌

482,344‌

Charter

Next

generation,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

12/01/27

2

1,246,827‌

1,213,419‌

Compass

Power

Generation

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.25%)

8.69%

04/14/29

2

902,134‌

896,685‌

Conserve

Merger

Sub,

Inc.,

Term

Loan,

1st

Lien

(France)

(LIBOR

plus

3.50%)

7.77%

08/08/25

2,3

1,915,000‌

1,811,475‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Industrials

(continued)

Convergint

Technologies,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.07%

03/31/28

2

$

492,516‌

$

472,200‌

CSC

Holdings

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.25%)

6.57%

01/15/26

2

306,260‌

286,880‌

Dermatology

Intermediate

Holdings,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

3.25%)

8.57%

04/02/29

2

1,508,953‌

1,475,001‌

DG

Investment

Intermediate

Holdings

2,

Inc.,

Term

Loan,

2nd

Lien

(LIBOR

plus

6.75%)

11.07%

03/30/29

2

250,000‌

222,083‌

DIRECTV

Financing

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

5.00%)

9.38%

08/02/27

2

1,043,544‌

1,018,217‌

DTI

Holdco,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

8.84%

04/26/29

2

1,995,000‌

1,842,881‌

Eagle

4

Ltd.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.98%

07/12/28

2

494,893‌

493,039‌

Energizer

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

2.50%)

6.63%

12/22/27

2

468,561‌

460,947‌

Gates

Global

LLC,

Term

Loan

B4,

1st

Lien

(SOFR

plus

2.50%)

7.82%

11/16/29

2

498,750‌

496,102‌

Golden

Entertainment,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.39%

10/21/24

2

1,078,125‌

1,076,777‌

Hyland

Software,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

07/01/24

2

744,171‌

735,706‌

II-VI,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

7.13%

07/02/29

2

489,821‌

485,903‌

Ingram

Micro,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.23%

06/30/28

2

236,899‌

233,938‌

KAMC

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

08/14/26

2,7,8

725,625‌

589,570‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

7

/

December

2022

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Industrials

(continued)

Liqui-Box

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.50%)

9.23%

02/26/27

2

$

975,000‌

$

966,059‌

Michaels

Cos.,

Inc.

(The),

Term

Loan,

1st

Lien

(LIBOR

plus

4.25%)

8.98%

04/15/28

2

985,000‌

853,941‌

Osmose

Utilities

Services,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

06/23/28

2

987,481‌

940,048‌

Patriot

Container

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.17%

03/20/25

2

1,454,198‌

1,253,337‌

Peacock

Merger

Corp.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.25%)

8.42%

-

8.98%

12/29/28

2

1,485,000‌

1,343,925‌

Plaze,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

08/03/26

2

490,000‌

439,775‌

Term

Loan

B,

1st

Lien

(Luxembourg)

(LIBOR

plus

3.50%)

7.88%

08/03/26

2

1,751,265‌

1,571,761‌

Proampac

PG

Borrower

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

7.83%

-

8.43%

11/03/25

2

1,906,097‌

1,830,244‌

Project

Castle,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

5.50%)

10.08%

06/01/29

2

748,125‌

608,787‌

Protective

Industrial

Products,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

12/29/27

2

1,766,204‌

1,624,907‌

Refficiency

Holdings

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.50%)

8.13%

12/16/27

2,9

1,646,912‌

1,563,545‌

Spirit

Aerosystems,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

3.50%)

8.82%

01/15/27

2

997,500‌

990,956‌

SPX

FLOW,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.50%)

8.92%

04/05/29

2

997,500‌

934,269‌

Standard

Industries,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

2.25%)

6.68%

09/22/28

2

747,037‌

738,902‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Industrials

(continued)

Transcendia

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

05/30/24

2

$

2,403,913‌

$

1,799,930‌

TransDigm,

Inc.,

Term

Loan

E,

1st

Lien

(LIBOR

plus

2.25%)

6.98%

05/30/25

2

483,784‌

479,443‌

TricorBraun

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

03/03/28

2

1,972,923‌

1,887,120‌

Vantage

Elevator

Solutions,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.10%

11/17/28

2

2,481,250‌

2,090,453‌

Wrench

Group

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

04/30/26

2

2,221,228‌

2,147,661‌

Zep,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.58%

08/12/24

2

1,717,420‌

1,497,591‌

45,577,326‌

Information

Technology

—

16

.84

%

AppLovin

Corp.,

Term

Loan

B,

1st

Lien

(PRIME

plus

3.00%)

2.00%

10/25/28

2

994,994‌

947,732‌

(PRIME

plus

3.25%)

2.25%

08/15/25

2

997,403‌

963,012‌

AQA

Acquisition

Holding,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.25%)

8.98%

03/03/28

2

1,477,500‌

1,420,867‌

Arches

Buyer,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

12/06/27

2

1,000,000‌

928,440‌

AthenaHealth

Group,

Inc.,

Delayed-Draw

Term

Loan

B,

1st

Lien

(Luxembourg)

(SOFR

plus

3.50%)

7.82%

02/15/29

2,10

72,464‌

65,606‌

Term

Loan

B,

1st

Lien

(France)

(SOFR

plus

3.50%)

7.82%

02/15/29

2

1,701,594‌

1,540,555‌

Azalea

Topco,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.75%)

8.17%

07/24/26

2

496,250‌

457,791‌

Barracuda

Parent  LLC,

Term

Loan,

1st

Lien

(SOFR

plus

3.50%)

8.82%

08/15/29

2

750,000‌

724,583‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

8

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Information

Technology

(continued)

Bifm

CA

Buyer,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

06/01/26

2

$

982,701‌

$

940,936‌

Caesars

Resort

Collection

LLC,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

07/21/25

2

1,710,367‌

1,708,323‌

Castle

U.S.

Holding

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

01/29/27

2

977,083‌

608,845‌

Central

Parent,

Inc.,

Term

Loan,

1st

Lien

(Canada)

(SOFR

plus

4.50%)

9.08%

07/06/29

2

1,650,000‌

1,637,906‌

CHG

Healthcare

Services, Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

09/29/28

2

740,625‌

726,175‌

CT

Technologies

Intermediate

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.25%)

8.63%

12/16/25

2

1,612,915‌

1,484,132‌

E2open

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.68%

02/04/28

2

208,876‌

205,679‌

EagleView

Technology

Co.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.23%

08/14/25

2

2,680,362‌

2,363,328‌

Electron

Bidco,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.00%)

7.38%

11/01/28

2

992,500‌

967,812‌

Emerald

Topco,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

07/24/26

2

1,461,042‌

1,342,792‌

Ensemble

RCM

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

7.94%

08/03/26

2

976,054‌

966,904‌

EQT

Box

Merger

Sub,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.50%)

7.82%

-

8.29%

04/17/28

2

1,489,355‌

1,424,195‌

Gainwell

Acquisition

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

10/01/27

2

1,473,684‌

1,387,105‌

Imperva,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.59%

01/12/26

2

1,245,799‌

1,024,047‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Information

Technology

(continued)

ION

Analytics,

Term

Loan,

1st

Lien

(SOFR

plus

4.00%)

8.73%

02/16/28

2

$

677,083‌

$

666,927‌

Logmein,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.75%)

9.14%

08/31/27

2

1,462,444‌

947,663‌

Magenta

Buyer

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.75%)

9.17%

07/27/28

2

1,980,000‌

1,704,661‌

Magenta

Buyer,

LLC,

Term

Loan,

2nd

Lien

(LIBOR

plus

8.25%)

12.67%

07/27/29

2

446,493‌

354,962‌

Match

Group,

Inc.,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

1.75%)

6.07%

02/13/27

2

1,000,000‌

983,125‌

MeridianLink,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.73%

-

8.15%

11/10/28

2

491,269‌

473,922‌

Mitnick

Corporate

Purchaser,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

3.75%)

8.94%

05/02/29

2

1,995,000‌

1,874,063‌

Monotype

Imaging

Holdings,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

5.00%)

9.68%

10/09/26

2

1,481,250‌

1,459,031‌

NCR

Corp.,

Term

Loan,

1st

Lien

(LIBOR

plus

2.50%)

6.92%

08/28/26

2

1,978,386‌

1,926,453‌

Northwest

Fiber

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

7.98%

04/30/27

2

282,395‌

274,911‌

Nouryon

USA

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

7.16%

10/01/25

2

736,640‌

727,985‌

Open

Text

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.86%

11/16/29

2

1,000,000‌

979,125‌

Pactiv

Evergreen

Group

Holdings,

Inc.,

Term

Loan

B3,

1st

Lien

(LIBOR

plus

3.50%)

7.63%

09/25/28

2

1,728,125‌

1,708,087‌

Panther

Purchaser

LP,

Term

Loan,

1st

Lien

(LIBOR

plus

4.25%)

8.66%

01/07/28

2

1,477,500‌

1,335,291‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

9

/

December

2022

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Information

Technology

(continued)

Playtika

Holding

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

7.13%

03/13/28

2

$

992,443‌

$

949,644‌

Precision

Medicine

Group

LLC,

Delayed-Draw

Term

Loan,

1st

Lien

(LIBOR

plus

3.00%)

7.35%

11/20/27

2

129,231‌

120,507‌

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.73%

11/18/27

2

2,801,204‌

2,612,123‌

Pretium

Packaging

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

7.74%

-

8.73%

10/02/28

2

1,734,987‌

1,391,712‌

Project

Alpha

Intermediate

Holding,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.39%

04/26/24

2

865,163‌

846,130‌

Project

Boost

Purchaser,

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

06/01/26

2

1,484,655‌

1,435,008‌

Proofpoint,

Inc.,

Term

Loan

B,

1st

Lien

(Canada)

(LIBOR

plus

3.25%)

7.98%

08/31/28

2

1,487,487‌

1,433,975‌

RealPage,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.38%

04/24/28

2

1,976,237‌

1,883,354‌

Renaissance

Learning,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

4.25%)

8.72%

03/30/29

2

993,753‌

957,978‌

Sitel

Worldwide

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.14%

08/28/28

2

488,788‌

483,778‌

Skillsoft

Finance

II,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.75%)

9.58%

07/14/28

2

1,176,227‌

987,172‌

Sophia

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.23%

10/07/27

2

1,461,438‌

1,413,948‌

Spin

Holdco,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.77%

03/04/28

2

1,965,000‌

1,667,303‌

Sunshine

Software

Merger

Sub,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

10/16/28

2

1,487,506‌

1,335,037‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Information

Technology

(continued)

Surf

Holdings

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.23%

03/05/27

2

$

1,005,005‌

$

977,011‌

TIBCO

Software,

Inc.,

Term

Loan

A,

1st

Lien

(SOFR

plus

2.25%)

9.09%

09/30/28

2

315,000‌

280,744‌

Veeam

Software,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.38%

02/28/27

2

1,722,215‌

1,678,084‌

VT

Topco,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

08/01/25

2

1,685,488‌

1,635,100‌

Zotec

Partners

LLC,

Term

Loan

B,

1st

Lien

(France)

(LIBOR

plus

3.75%)

8.48%

02/14/24

2,3

929,953‌

883,460‌

62,225,039‌

Insurance

—

2

.42

%

Acrisure

LLC,

Term

Loan

B1,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

02/15/27

2

2,944,508‌

2,770,208‌

AssuredPartners,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

3.50%)

7.82%

02/12/27

2

1,241,247‌

1,208,354‌

Asurion

LLC,

Term

Loan

B10,

1st

Lien

(SOFR

plus

3.00%)

8.68%

08/21/28

2

498,750‌

446,256‌

Term

Loan

B3,

2nd

Lien

(LIBOR

plus

5.25%)

9.63%

01/31/28

2

1,000,000‌

785,830‌

Term

Loan

B9,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

07/31/27

2

1,732,424‌

1,521,294‌

Howden

Group

Holdings

Ltd.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.69%

11/12/27

2

982,443‌

958,407‌

HUB

International

Ltd.,

Term

Loan,

1st

Lien

(SOFR

plus

3.00%)

8.22%

11/10/29

2

1,250,000‌

1,238,544‌

8,928,893‌

Materials

—

3

.50

%

American

Rock

Salt

Co.

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

06/09/28

2

736,263‌

694,848‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

10

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Materials

(continued)

Cyanco

Intermediate

Corp.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

03/16/25

2

$

403,463‌

$

388,838‌

Geon

Performance

Solutions,

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.50%)

9.23%

08/18/28

2

1,185,000‌

1,155,375‌

Herens

U.S.

Holdco

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

07/03/28

2

523,934‌

482,806‌

INEOS

U.S.

Finance

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.50%)

6.92%

11/08/28

2

496,250‌

479,501‌

INEOS

U.S.

Quattro

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

7.13%

01/29/26

2

1,231,250‌

1,212,781‌

Iris

Holding,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

4.75%)

8.94%

06/28/28

2

997,500‌

909,680‌

LSF11

A5

HoldCo

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

7.94%

10/15/28

2

1,488,750‌

1,441,854‌

Lummus

Technology

Holdings

V

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

06/30/27

2

1,372,183‌

1,317,296‌

Plaskolite

PPC

Intermediate

II

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.41%

12/15/25

2

976,288‌

876,707‌

Polar

U.S.

Borrower

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.75%)

9.02%

10/15/25

2

2,024,790‌

1,646,154‌

Potters

Borrower

LP,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.73%

12/14/27

2

1,467,437‌

1,441,757‌

TMS

International

Corp.,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

2.75%)

7.13%

-

7.16%

08/14/24

2

468,912‌

452,500‌

U.S.

Renal

Care,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

5.00%)

9.44%

06/26/26

2

766,565‌

432,630‌

12,932,727‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Real

Estate

Investment

Trust

(REIT)

—

0

.68

%

Aveanna

Healthcare

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.14%

07/17/28

2

$

111,795‌

$

86,586‌

Avison

Young

Canada,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

5.75%)

10.19%

01/31/26

2

1,480,720‌

1,240,103‌

Rent-A-Center,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.69%

02/17/28

2

1,229,981‌

1,188,469‌

2,515,158‌

Retail

—

4

.31

%

American

Airlines,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.75%)

8.99%

04/20/28

2

1,750,000‌

1,745,354‌

BCPE

Empire

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

06/11/26

2

1,210,142‌

1,177,620‌

BW

Gas

&

Convenience

Holdings

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

03/31/28

2

1,231,250‌

1,188,156‌

Curium

Bidco

SARL,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.25%)

8.98%

12/02/27

2

1,476,344‌

1,443,126‌

Term

Loan

B,

1st

Lien

(Canada)

(LIBOR

plus

3.99%)

8.73%

07/09/26

2,3

977,273‌

957,727‌

Dave

&

Buster's,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.00%)

9.44%

06/29/29

2

1,496,250‌

1,491,110‌

Harbor

Freight

Tools

USA,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.75%)

7.13%

10/19/27

2

492,462‌

470,412‌

KFC

Holding

Co.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

1.75%)

6.09%

03/15/28

2

498,731‌

493,120‌

LSF9

Atlantis

Holdings,

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

6.25%)

11.83%

03/31/29

2

395,000‌

384,829‌

MIC

Glen

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

3.50%)

7.83%

07/21/28

2

720,108‌

686,803‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

11

/

December

2022

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Retail

(continued)

SRS

Distribution,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

06/02/28

2

$

738,759‌

$

708,090‌

(SOFR

plus

2.50%)

7.92%

06/02/28

2

744,375‌

713,204‌

Staples,

Inc.,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

4.50%)

8.94%

09/12/24

2

300,941‌

298,183‌

Tacala

Investment

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

02/05/27

2

1,169,422‌

1,127,615‌

Term

Loan

B,

2nd

Lien

(LIBOR

plus

7.50%)

11.88%

02/04/28

2

735,000‌

669,861‌

Whatabrands LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

08/03/28

2

1,482,513‌

1,436,184‌

Woof

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.10%

12/21/27

2

987,406‌

934,333‌

15,925,727‌

Services

—

8

.72

%

Allied

Universal

Holdco

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

8.17%

05/12/28

2

1,180,280‌

1,123,633‌

Alterra

Mountain

Co.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

08/17/28

2

1,226,894‌

1,215,011‌

Amentum

Government

Services

Holdings,

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.00%)

7.56%

-

8.76%

02/15/29

2

2,736,250‌

2,672,974‌

ArchKey

Holdings,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

5.25%)

9.63%

-

9.66%

06/29/28

2

493,750‌

469,887‌

Arcis

Golf

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.25%)

8.63%

11/24/28

2

992,500‌

972,650‌

CH

Gunther

PPC

Parent

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.44%

12/08/28

2

992,500‌

962,725‌

CoreLogic,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.94%

06/02/28

2

2,221,875‌

1,861,520‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Services

(continued)

Corp.

Service

Co.,

Term

Loan

B,

1st

Lien

(SOFR

plus

2.25%)

7.67%

11/02/29

2

$

1,675,000‌

$

1,660,344‌

Covanta

Holding

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

2.50%)

6.82%

11/30/28

2

923,336‌

917,898‌

Term

Loan

C,

1st

Lien

(LIBOR

plus

2.50%)

6.82%

11/30/28

2

69,686‌

69,276‌

Dodge

Data

&

Analytics,

LLC,

Term

Loan,

1st

Lien

(SOFR

plus

3.75%)

9.79%

02/23/29

2

995,000‌

788,538‌

Element

Materials

Technology

Group

U.S.

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.25%)

8.80%

06/22/29

2,11

1,026,316‌

1,005,364‌

Filtration

Group

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

7.88%

10/21/28

2

497,481‌

489,603‌

Iridium

Satellite

LLC,

Term

Loan

B2,

1st

Lien

(LIBOR

plus

2.50%)

6.92%

11/04/26

2

1,151,798‌

1,143,056‌

Lakeland

Holdings

LLC,

Term

Loan,

1st

Lien

(Fixed)

13.25%

09/25/27

2,7,8

595,162‌

381,898‌

Lakeland

Tours

LLC,

Term

Loan,

1st

Lien

(EURIBOR

plus

6.00%)

10.41%

09/25/25

2,7,8

508,499‌

416,122‌

Madison

IAQ

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.99%

06/21/28

2

248,737‌

232,042‌

Mavenir

Systems,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.75%)

9.42%

08/18/28

2

645,125‌

526,583‌

Med

Parentco

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.25%)

8.63%

08/31/26

2

1,454,657‌

1,247,936‌

NAB

Holdings,

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.00%)

7.73%

11/23/28

2

1,485,000‌

1,448,989‌

Neptune

Bidco

U.S.,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.00%)

5.50%

04/11/29

2

500,000‌

448,128‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

12

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Services

(continued)

Olympus

Water

US

Holding

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.50%

11/09/28

2

$

738,769‌

$

711,168‌

PowerTeam

Services

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

3.25%)

7.98%

03/06/25

2

146,947‌

120,288‌

Pre-Paid

Legal

Services,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

12/15/28

2

2,481,250‌

2,391,751‌

Safe

Fleet

Holdings,

LLC,

Term

Loan,

1st

Lien

(SOFR

plus

3.75%)

8.17%

02/23/29

2

1,736,875‌

1,683,692‌

Technimark

Holdings

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.10%

07/07/28

2

466,354‌

424,382‌

Trans

Union

LLC,

Term

Loan

B6,

1st

Lien

(Luxembourg)

(LIBOR

plus

2.25%)

6.63%

12/01/28

2

458,538‌

454,813‌

Trugreen

LP,

Term

Loan

B,

2nd

Lien

(LIBOR

plus

8.50%)

13.43%

11/02/28

2,7

500,000‌

370,000‌

TruGreen

LP,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

11/02/27

2

1,982,304‌

1,765,499‌

University

Support

Services,

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.25%)

7.63%

02/10/29

2

1,829,292‌

1,783,559‌

Vaco

Holdings,

LLC,

Term

Loan

B,

1st

Lien

(SOFR

plus

5.50%)

9.73%

01/19/29

2

985,025‌

953,421‌

Verscend

Holding

Corp.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

8.38%

08/27/25

2

984,916‌

980,607‌

WW

International,

Inc.,

Term

Loan

B,

1st

Lien

(France)

(LIBOR

plus

3.50%)

7.89%

04/13/28

2,3

945,000‌

545,738‌

32,239,095‌

Transportation

—

2

.05

%

Air

Canada,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.13%

08/11/28

2

497,500‌

493,224‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Transportation

(continued)

Delta

Air

Lines,

Inc.,

Term

Loan,

1st

Lien

(LIBOR

plus

3.75%)

8.48%

10/20/27

2

$

950,000‌

$

970,130‌

Kenan

Advantage

Group,

Inc.

(The),

Term

Loan,

2nd

Lien

(LIBOR

plus

7.25%)

11.63%

09/01/27

2

2,350,000‌

2,181,587‌

Kestrel

Bidco,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.00%)

7.35%

12/11/26

2

1,472,273‌

1,350,583‌

Ozark

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.13%

12/16/27

2

974,346‌

897,617‌

United

Airlines,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.75%)

8.11%

04/21/28

2

1,719,375‌

1,702,542‌

7,595,683‌

Total

Bank

Loans

(Cost

$349,962,859)

329,192,136‌

CORPORATES

—

1

.38

%

*

Automotive

—

0

.01

%

Allison

Transmission,

Inc.

3.75%

01/30/31

1

50,000‌

41,375‌

Banking

—

0

.37

%

Bank

of

America

Corp.

3.42%

12/20/28

12

500,000‌

453,709‌

Bank

of

New

York

Mellon

Corp.

(The)

(MTN)

3.44%

02/07/28

12

500,000‌

470,163‌

Credit

Suisse

Group

AG

(Switzerland)

2.59%

09/11/25

1,3,12

500,000‌

444,301‌

1,368,173‌

Communications

—

0

.16

%

Diamond

Sports

Group,

LLC/Diamond

Sports

Finance

Co.

5.38%

08/15/26

1

1,000,000‌

118,750‌

Intelsat

Jackson

Holdings

SA,

Class

B

(Luxembourg)

8.50%

10/15/24

†,1,3,7,8,13,14

1,000,000‌

—‌

T-Mobile

USA,

Inc.

3.75%

04/15/27

500,000‌

471,820‌

590,570‌

Finance

—

0

.25

%

Intercontinental

Exchange,

Inc.

4.00%

09/15/27

500,000‌

483,269‌

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

13

/

December

2022

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Finance

(continued)

JPMorgan

Chase

&

Co.

2.95%

02/24/28

12

$

500,000‌

$

453,204‌

936,473‌

Food

—

0

.05

%

Pilgrim's

Pride

Corp.

3.50%

03/01/32

1

250,000‌

195,672‌

Health

Care

—

0

.17

%

Grifols

Escrow

Issuer

SA

(Spain)

4.75%

10/15/28

1,3

50,000‌

43,291‌

HCA,

Inc.

5.25%

06/15/26

500,000‌

494,806‌

Prime

Healthcare

Services,

Inc.

7.25%

11/01/25

1

100,000‌

84,375‌

622,472‌

Industrials

—

0

.08

%

OT

Merger

Corp.

7.88%

10/15/29

1

500,000‌

258,685‌

Titan

Acquisition

Ltd./Titan

Co-Borrower

LLC

(Canada)

7.75%

04/15/26

1,3

50,000‌

45,245‌

303,930‌

Information

Technology

—

0

.18

%

Central

Parent,

Inc./CDK

Global,

Inc.

7.25%

06/15/29

1

250,000‌

244,849‌

NCR

Corp.

5.13%

04/15/29

1

50,000‌

41,872‌

Oracle

Corp.

6.15%

11/09/29

380,000‌

395,264‌

681,985‌

Materials

—

0

.06

%

Herens

Holdco

SARL

(Luxembourg)

4.75%

05/15/28

1,3

250,000‌

202,265‌

Retail

—

0

.05

%

Michaels

Cos.,

Inc.

(The)

7.88%

05/01/29

1

250,000‌

167,487‌

Total

Corporates

(Cost

$6,275,711)

5,110,402‌

Total

Bonds

—

90

.76

%

(Cost

$357,359,015)

335,425,016‌

Issues

Shares

Value

COMMON

STOCK

—

0

.06

%

Communications

—

0

.06

%

Intelsat

Emergence

SA

3,7,8,13

(Luxembourg)

9,662‌

233,820‌

Total

Common

Stock

(Cost

$323,677)

Issues

Shares

Value

RIGHTS

—

0

.00

%

Communications

—

0

.00

%

Intelsat

Jackson

Holdings

SA,

Series

A

†,3,7,8,13

(Luxembourg)

1,011‌

$

—‌

Intelsat

Jackson

Holdings

SA,

Series

B

†,3,7,8,13

(Luxembourg)

1,011‌

—‌

—‌

Total

Rights

(Cost

$–)

—‌

WARRANT

—

0

.01

%

Entertainment

—

0

.01

%

Cineworld

Group

PLC

3,13

(United

Kingdom)

229,579‌

13,808‌

Total

Warrant

(Cost

$–)

Issues

Maturity

Date

Principal

Amount

/

Shares

Value

SHORT-TERM

INVESTMENTS

—

8

.18

%

Money

Market

Funds

—

2

.85

%

Dreyfus

Government

Cash

Management

Fund

4.19%

15

5,765,000‌

5,765,000‌

Fidelity

Investments

Money

Market

Funds

-

Government

Portfolio

4.06%

15

2,660,383‌

2,660,383‌

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

4.12%

15

2,108,000‌

2,108,000‌

10,533,383‌

U.S.

Treasury

Bills

—

5

.33

%

U.S.

Treasury

Bills

4.50%

16

05/11/23

$

15,000,000‌

14,760,137‌

4.56%

16

05/25/23

5,000,000‌

4,911,793‌

19,671,930‌

Total

Short-Term

Investments

(Cost

$30,209,379)

30,205,313‌

Total

Investments

-

99.01%

(Cost

$387,892,071)

365,877,957‌

Net

unrealized

depreciation

on

unfunded

commitments

-

(0.02)%

(

64,901‌

)

Cash

and

Other

Assets,

Less

Liabilities

-

1.01%

3,746,808‌

Net

Assets

-

100.00%

$

369,559,864‌

1

Securities

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

The

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

2

Floating

rate

security.

The

rate

disclosed

was

in

effect

at

December

31,

2022.

3

Foreign

denominated

security

issued

by

foreign

domiciled

entity.

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

14

4

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$139,876,

at

an

interest

rate

of

8.32%

and

a

maturity

of

July

31,

2028.

The

investment

is

accruing

an

unused

commitment

fee

of

0.48%

per

annum.

5

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$30,881,

at

an

interest

rate

of

8.57%

and

a

maturity

of

April

02,

2029.

The

investment

is

not

accruing

an

unused

commitment

fee.

6

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$223,763,

at

an

interest

rate

of

8.13%

and

a

maturity

of

November

13,

2025.

The

investment

is

accruing

an

unused

commitment

fee

of

0.25%

per

annum.

7

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

8

Illiquid

security

as

determined

under

procedures

approved

by

the

Board

of

Trustees.

The

aggregate

value

of

illiquid

securities

is

$1,621,410,

which

is

0.44%

of

total

net

assets.

9

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$98,660,

at

an

interest

rate

of

8.13%

and

a

maturity

of

December

16,

2027.

The

investment

is

accruing

an

unused

commitment

fee

of

0.12%

per

annum.

10

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$196,817,

at

an

interest

rate

of

7.82%

and

a

maturity

of

February

15,

2029.

The

investment

is

accruing

an

unused

commitment

fee

of

0.63%

per

annum.

11

Excluded

from

the

investment

total

above

is

an

unfunded

delayed

draw

term

loan

commitment

in

an

amount

not

to

exceed

$464,014,

at

an

interest

rate

of

8.80%

and

a

maturity

of

June

22,

2029.

The

investment

is

not

accruing

an

unused

commitment

fee.

12

Variable

rate

security.

Interest

rate

disclosed

is

as

of

the

most

recent

information

available.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

13

Non-income producing

security.

14

Security

is

currently

in

default

with

regard

to

scheduled

interest

or

principal

payments.

15

Represents

the

current

yield

as

of

December

31,

2022.

16

Represents

annualized

yield

at

date

of

purchase.

†

Fair

valued

security.

The

aggregate

value

of

fair

valued

securities

is

$0,

which

is

0.00%

of

total

net

assets.

Fair

valued

securities

were

not

valued

utilizing

an

independent

quote

but

were

valued

pursuant

to

guidelines

approved

by

the

Board

of

Trustees.

See

Notes

to

Financial

Statements.

*

Securities

with

a

call

or

reset

feature

will

have

an

effective

maturity

date

sooner

than

the

stated

maturity.

**

Securities

backed

by

mortgage

or

consumer

loans

where

payment

is

periodically

made

will

have

an

effective

maturity

date

sooner

than

the

stated

maturity

date.

Note:

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

more

meaningful

presentation

for

investors.

(CLO):

Collateralized

Loan

Obligation

(EUR):

Euro

(EURIBOR):

Euro

InterBank

Offer

Rate

(LIBOR):

London

InterBank

Offer

Rate

(MTN):

Medium-Term

Note

(SOFR):

Secured

Overnight

Financing

Rate

(USD):

U.S.

Dollar

Currency

to

be

Purchased

Currency

to

be

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation

(Depreciation)

FOREIGN

CURRENCY

EXCHANGE

CONTRACT

EUR

584,000

USD

601,005

Goldman

Sachs

International

01/13/23

$

22,884‌

EUR

584,000

USD

622,286

Citibank

N.A.

01/13/23

1,603‌

24,487‌

USD

1,179,308

EUR

1,168,000

Goldman

Sachs

International

01/13/23

(

68,470‌

)

NET

UNREALIZED

DEPRECIATION

$

(

43,983‌

)

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

15

/

December

2022

SIGNIFICANT

ACCOUNTING

POLICIES

The

following

is

a

summary

of

significant

accounting

policies

consistently

followed

by

the

Fund:

Net

Asset

Value

The

Net

Asset

Value

(“NAV”)

of

each

class

of

the

Fund

is

determined

by

dividing

the

net

assets

attributable

to

each

class

of

shares

of

the

Fund

by

the

number

of

issued

and

outstanding

shares

of

the

class

of

the

Fund

on

each

business

day

as

of

4

p.m.

ET.

Security

Valuation

Pursuant

to

Rule

2a-5

under

the

1940

Act,

the

Board

of

Trustees

(the

"Board"

or

the

"Board

of

Trustees")

has

designated

the

Adviser

as

the

"valuation

designee"

with

respect

to

the

fair

valuation

of

the

Fund's

portfolio

securities,

subject

to

oversight

by

and

periodic

reporting

to

the

Board. Fixed

income

securities

for

which

market

quotations

are

readily

available were

valued

during

the

period at

prices

as

provided

by

independent

pricing

vendors

or

broker

quotes.

The

Fund

received

pricing

information

from

independent

pricing

vendors

selected

and

overseen

by

the

valuation

designee.

Securities

with

a

demand

feature

exercisable

within

one

to

seven

days

are

valued

at

par.

The

Fund

also

uses

a

benchmark

pricing

system

to

the

extent

vendors’

prices

for

their

securities

are

either

inaccurate

(such

as

when

the

reported

prices

are

different

from

recent

known

market

transactions)

or

are

not

available

from

another

pricing

source.

For

a

security

priced

using

this

system,

the

Adviser

initially

selects

a

proxy

composed

of

a

relevant

security

(e.g.,

U.S.

Treasury

Note)

or

benchmark

(e.g.,

LIBOR)

and

a

multiplier,

divisor

or

margin

that

the

Adviser

believes

would

together

best

reflect

changes

in

the

market

value

of

the

security.

The

value

of

the

security

changes

daily

based

on

changes

to

the

market

price

of

the

assigned

benchmark.

The

benchmark

pricing

system

is

continuously

reviewed

by

the

Adviser

and

implemented

according

to

the

pricing

policy

reviewed

by

the

Board.

S&P

500

Index

futures

contracts

are

valued

at

the

first

sale

price

after

4

p.m.

ET

on

the

Chicago

Mercantile

Exchange.

All

other

futures

contracts

are

valued

at

the

official

settlement

price

of

the

exchange

on

which

those

securities

are

traded.

Equity

securities,

including

depository

receipts,

are

valued

at

the

last

reported

sale

price

or

the

market’s

closing

price

on

the

exchange

or

market

on

which

such

securities

are

traded,

as

of

the

close

of

business

on

the

day

the

securities

are

being

valued

or,

lacking

any

sales,

at

the

average

of

the

bid

and

ask

prices.

In

cases

where

equity

securities

are

traded

on

more

than

one

exchange,

the

securities

are

valued

on

the

exchange

or

market

determined

by

the

Adviser

to

be

the

broadest

and

most

representative

market,

which

may

be

either

a

securities

exchange

or

the

over-the-counter

market.

Equity

options

are

valued

at

the

average

of

the

bid

and

ask

prices.

Securities

and

other

assets

that

could

not be

valued

as

described

above were

valued

for

the

period at

their

fair

value

as

determined

by

the

Adviser

in

accordance

with

procedures

approved by

and

under

the

general

oversight

of

the

Board.

Investments

in

registered

open-ended

investment

companies,

including

those

classified

as

money

market

funds,

are

valued

based

upon

the

reported

NAV

of

such

investments.

Fair

value

methods

approved

by

the

Board

of

Trustees

for

the

period included,

but were

not

limited

to,

obtaining

market

quotations

from

secondary

pricing

services,

broker-dealers,

or

widely

used

quotation

systems.

General

factors

considered

in

determining

the

fair

value

of

securities

include

fundamental

analytical

data,

the

nature

and

duration

of

any

restrictions

on

disposition

of

the

securities,

and

an

evaluation

of

the

forces

that

influence

the

market

in

which

the

investments

are

purchased

and

sold.

These

securities

are

either

categorized

as

Level

2

or

3

depending

on

the

relevant

inputs

used.

In

the

event

that

the

security

or

asset

could

not be

valued

pursuant

to

one

of

the

valuation

methods

approved

by

the

Board,

the

value

of

the

security

or

asset was

determined

in

good

faith

by

the Adviser,

as

the

valuation

designee.

When

the

Fund

uses

these

fair

valuation

methods that

use

significant

unobservable

inputs

to

determine

NAV,

securities

will

be

priced

by

a

method

that

the

Adviser

believes

accurately

reflects

fair

value

and

are

categorized

as

Level

3

of

the

fair

value

hierarchy.

These

methods

may

require

subjective

determinations

about

the

value

of

a

security.

While

the

Fund’s

policy

is

intended

to

result

in

a

calculation

of

its

NAV

that

fairly

reflects

security

values

as

of

the

time

of

pricing,

the

Fund

cannot

guarantee

that

values

determined

by

the

Adviser

would

accurately

reflect

the

price

that

the

Fund

could

obtain

for

a

security

if

it

were

to

dispose

of

that

security

as

of

the

time

of

pricing

(for

instance,

in

a

forced

or

distressed

sale).

The

prices

used

by

the

Fund

may

differ

from

the

value

that

would

be

realized

if

the

securities

were

sold.

Fair

Value

Measurements

Various

inputs

are

used

in

determining

the

fair

value

of

investments,

which

are

as

follows:

*

Level

1

-

unadjusted

quoted

prices

in

active

markets

for

identical

securities

*

Level

2

-

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.)

*

Level

3

-

significant

unobservable

inputs

that

are

not

corroborated

by

observable

market

data

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

December

2022

/

16

The

inputs

or

methodology

used

for

valuing

investments

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

investments

and

the

determination

of

the

significance

of

a

particular

input

to

the

fair

value

measurement

in

its

entirety

requires

judgment

and

consideration

of

factors

specific

to

each

security.

The

availability

of

observable

inputs

can

vary

from

security

to

security

and

is

affected

by

a

wide

variety

of

factors,

including,

for

example,

the

type

of

security,

whether

the

security

is

new

and

not

yet

established

in

the

marketplace,

the

liquidity

of

markets,

and

other

characteristics

particular

to

the

security.

To

the

extent

that

valuation

is

based

on

models

or

inputs

that

are

less

observable

or

unobservable

in

the

market,

the

determination

of

fair

value

requires

more

judgment.

Accordingly,

the

degree

of

judgment

exercised

in

determining

fair

value

is

greatest

for

instruments

categorized as

Level

3.

In

periods

of

market

dislocation,

the

observability

of

prices

and

inputs

may

be

reduced

for

many

instruments.

This

condition,

as

well

as

changes

related

to

liquidity

of

investments,

could

cause

a

security

to

be

reclassified

between

Level

1,

Level

2,

or

Level

3.

In

certain

cases,

the

inputs

used

to

measure

fair

value

may

fall

into

different

levels

of

the

fair

value

hierarchy.

In

such

cases,

for

disclosure

purposes

the

level

in

the

fair

value

hierarchy

within

which

the

fair

value

measurement

falls

in

its

entirety

is

determined

based

on

the

lowest

level

input

that

is

significant

to

the

fair

value

measurement

in

its

entirety.

The

summary

of

inputs

used

to

value

the

Fund’s

investments

and

other

financial

instruments

carried

at

fair

value

as

of

December

31,

2022

is

as

follows:

FLOATING

RATE

INCOME

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTAL

Investments

in

Securities

Assets:

Short-Term

Investments:

Money

Market

Funds

$

10,533,383‌

$

—‌

$

—‌

$

10,533,383‌

U.S.

Treasury

Bills

19,671,930‌

—‌

—‌

19,671,930‌

Long-Term

Investments:

Asset-Backed

Securities

—‌

1,122,478‌

—‌

1,122,478‌

Bank

Loans

—‌

327,434,546‌

1,757,590‌

329,192,136‌

Common

Stock

—‌

—‌

233,820‌

233,820‌

Corporates

—‌

5,110,402‌

—‌

5,110,402‌

Rights

—‌

—‌

—‌

—‌

Warrant

—‌

13,808‌

—‌

13,808‌

Other

Financial

Instruments

*

Assets:

Foreign

currency

exchange

contracts

—‌

24,487‌

—‌

24,487‌

Liabilities:

Foreign

currency

exchange

contracts

—‌

(68,470‌)

—‌

(68,470‌)

Total

$

30,205,313‌

$

333,637,251‌

$

1,991,410‌

$

365,833,974‌

*Other

financial

instruments

include

foreign

currency

exchange

contracts.

Floating

Rate

Income

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

17

/

December

2022

Certain

securities

held

by

the

Funds

are

categorized

as

Level

3

investments.

Their

prices

may

be

derived

by

utilizing

unobservable

prior

transaction

values

or

information

from

third

party

valuation

services.

The

value

of

Level

3

investments

could

be

significantly

affected

by

changes

in

these

unobservable

inputs.

For

the

period

ended

December

31,

2022

a

reconciliation

of

Level

3

investments

is

presented

when

the

Fund

had

a

significant

amount

of

Level

3

investments

at

the

beginning

and/or

end

of

the

period

in

relation

to

net

assets.

The

following

table

is

a

reconciliation

of

Level

3

investments

for

which

significant

unobservable

inputs

were

used

in

determining

fair

value:

COMMITMENTS

AND

CONTINGENCIES

The

Floating

Rate

Income

Fund had

the

following

unfunded

commitments

and

unrealized

gain

(loss)

as

of

December

31,

2022:

FLOATING

RATE

INCOME

FUND

BANK

LOANS

COMMON

STOCK

Balance

as

of

April

1,

2022

$

3,781,017‌

$

289,860‌

Accrued

discounts/premiums

(5,956‌)

—‌

Realized

(loss)

(383,115‌)

—‌

Change

in

unrealized

(depreciation)*

(168,496‌)

(56,040‌)

Purchases

505,195‌

—‌

Sales

(1,971,055‌)

—‌

Transfers

into

Level

3**

—‌

—‌

Transfers

out

of

Level

3**

—‌

—‌

Balance

as

of

December

31,

2022

$

1,757,590‌

$

233,820‌

*The

change

in

unrealized

appreciation

(depreciation)

on

securities

still

held

at

December

31,

2022

was

$(224,536)

and

is

included

in

the

related

net

realized

gains

(losses)

and

net

change

in

appreciation

(depreciation)

in

the

Statements

of

Operations.

**There

were

no

transfers

between

level

2

and

3

for

the

period

ended

December

31,

2022.

Significant

unobservable

valuations

inputs

for

Level

3

investments

as

of

December

31,

2022,

are

as

follows:

FLOATING

RATE

INCOME

FUND

FAIR

VALUE

AT

12/31/22

VALUATION

TECHNIQUE*

UNOBSERVABLE

INPUT

RANGE

WEIGHTED

AVERAGE

INPUT

TO

VALUATION

IF

INPUT

INCREASES

Bank

Loans

$1,757,590

Third-Party

Vendor

Vendor

Prices

$64.17

-

$81.83

$76.15

Increase

Common

Stock

$233,820

Third-Party

Vendor

Vendor

Prices

$24.20

$24.20

Increase

Corporate

Securities

$—

Broker

Quote

Offered

Quote

$—

$—

Increase

Rights

$—

Broker

Quote

Offered

Quote

$—

$—

Increase

*

The

valuation

technique

employed

on

the

Level

3

securities

involves

the

use

of

vendor

prices,

broker

quotes

and

benchmark

pricing.

The

Adviser

monitors

the

third-party

brokers

and

vendors

using

the

valuation

process.

FLOATING

RATE

INCOME

FUND

UNFUNDED

COMMITMENTS

MATURITY

AMOUNT

UNREALIZED

GAIN

(LOSS)

NMN

Holdings

III

Corp.,

Delayed-Draw

Term

Loan,

1st

Lien

November

2025

$

223,763‌

$

(31,663‌)

Refficiency

Holdings

LLC,

Delayed-Draw

Term

Loan,

1st

Lien

December

2027

98,660‌

(5,490‌)

AI

Aqua

Merger

Sub,

Inc.,

Delayed-Draw

Term

Loan

B,

1st

Lien

July

2028

139,877‌

(8,272‌)

AthenaHealth

Group,

Inc.,

Delayed-Draw

Term

Loan

B,

1st

Lien

February

2029

196,817‌

(19,358‌)

Dermatology

Intermediate

Holdings,

Inc.,

Delayed-Draw

Term

Loan,

1st

Lien

April

2029

30,881‌

(711‌)

Element

Materials

Technology

Group

U.S.

Holdings,

Inc.,

Delayed-Draw

Term

Loan

B,

1st

Lien

June

2029

464,014‌

593‌

Total

Unfunded

Commitments

$

1,154,012‌

$

(64,901‌)