Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

1

/

June

2023

Issues

Maturity

Date

Principal

Amount

Value

BONDS

–

79.12%

BANK

LOANS

—

8.56%*  

Consumer

Discretionary

—

1.49%

City

Brewing

Co.

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.32%

04/05/28

1

$

12,449‌

$

8,217‌

Hanesbrands,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.75%)

8.55%

03/08/30

1

4,988‌

5,012‌

Naked

Juice,

LLC,

Term

Loan,

2nd

Lien

(SOFR

plus

6.10%)

11.00%

01/24/30

1

12,000‌

9,639‌

New

Trojan

Parent,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

3.36%)

8.46%

-

8.47%

01/06/28

1

11,946‌

6,746‌

29,614‌

Entertainment

—

0.39%

Crown

Finance

U.S.,

Inc.,

Delayed-Draw

Term

Loan,

1st

Lien

(Luxembourg)

(SOFR

plus

10.10%)

15.19%

-

15.24%

09/07/23

1,2

7,747‌

7,841‌

Food

—

0.54%

Sovos

Brands

Intermediate,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

8.77%

06/08/28

1

10,777‌

10,700‌

Health

Care

—

0.54%

Cano

Health,

LLC,

Term

Loan,

1st

Lien

(SOFR

plus

4.00%)

9.20%

11/23/27

1

12,741‌

10,771‌

Industrials

—

2.31%

Patriot

Container

Corp.,

Term

Loan

B,

1st

Lien

(SOFR

plus

3.85%)

9.05%

03/20/25

1

4,476‌

4,150‌

Protective

Industrial

Products,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.11%)

9.19%

12/29/27

1

12,772‌

12,197‌

SPX

flow,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

4.60%)

9.58%

04/05/29

1

6,536‌

6,467‌

Transcendia

Holdings,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

3.50%)

9.23%

05/30/24

1

16,690‌

12,553‌

Issues

Maturity

Date

Principal

Amount

Value

BANK

LOANS

(continued)

Industrials

(continued)

Zep,

Inc.,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.00%)

9.24%

08/12/24

1

$

12,309‌

$

10,574‌

45,941‌

Information

Technology

—

1.17%

Magenta

Buyer

LLC,

Term

Loan,

1st

Lien

(LIBOR

plus

4.75%)

10.03%

07/27/28

1

12,805‌

9,684‌

MH

Sub

I

LLC,

Term

Loan,

1st

Lien

(SOFR

plus

4.25%)

9.35%

04/25/28

1

3,082‌

2,961‌

Open

Text

Corp.,

Term

Loan,

1st

Lien

(Canada)

(SOFR

plus

3.60%)

8.74%

01/31/30

1,2

10,448‌

10,506‌

23,151‌

Materials

—

1.02%

Geon

Performance

Solutions,

LLC,

Term

Loan

B,

1st

Lien

(LIBOR

plus

4.50%)

10.04%

08/18/28

1

12,773‌

12,617‌

Iris

Holding,

Inc.,

Term

Loan,

1st

Lien

(SOFR

plus

4.75%)

9.90%

06/28/28

1

3,970‌

3,381‌

Polar

U.S.

Borrower

LLC,

Term

Loan,

1st

Lien

(SOFR

plus

4.75%)

9.72%

-

9.73%

10/15/25

1

5,500‌

4,363‌

20,361‌

Retail

—

0.74%

Tacala

Investment

Corp.,

Term

Loan

B,

2nd

Lien

(LIBOR

plus

7.50%)

12.69%

02/04/28

1

15,500‌

14,686‌

Services

—

0.36%

Neptune

Bidco

U.S.,

Inc.,

Term

Loan

B,

1st

Lien

(SOFR

plus

5.10%)

10.00%

04/11/29

1

8,000‌

7,070‌

Total

Bank

Loans

(Cost

$183,119)

170,135‌

CORPORATES

—

61.77%*  

Banking

—

2.31%

Bank

of

America

Corp.,

Series

RR

4.38%

3,4

6,000‌

5,195‌

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

June

2023

/

2

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Banking

(continued)

Bank

of

New

York

Mellon

Corp.

(The),

Series

I

3.75%

3,4

$

6,000‌

$

4,924‌

U.S.

Bancorp

3.70%

3,4

14,000‌

10,339‌

UBS

Group

AG

(Switzerland)

6.37%

07/15/26

2,3,5

5,000‌

4,972‌

6.54%

08/12/33

2,3,5

20,000‌

20,558‌

45,988‌

Communications

—

13.49%

Altice

France

SA

(France)

5.13%

01/15/29

2,5

13,000‌

9,230‌

5.50%

10/15/29

2,5

11,000‌

7,923‌

8.13%

02/01/27

2,5

6,000‌

5,257‌

Cable

One,

Inc.

4.00%

11/15/30

5

21,000‌

16,485‌

CCO

Holdings

LLC/CCO

Holdings

Capital

Corp.

4.50%

08/15/30

5

29,000‌

24,183‌

4.75%

03/01/30

5

6,000‌

5,136‌

Cogent

Communications

Group,

Inc.

7.00%

06/15/27

5

4,000‌

3,874‌

CommScope,

Inc.

4.75%

09/01/29

5

7,000‌

5,530‌

Consolidated

Communications,

Inc.

6.50%

10/01/28

5

7,000‌

5,530‌

CSC

Holdings

LLC

6.50%

02/01/29

5

30,000‌

24,281‌

7.50%

04/01/28

5

17,000‌

9,716‌

Diamond

Sports

Group,

LLC/Diamond

Sports

Finance

Co.

5.38%

08/15/26

5,6,7

22,000‌

756‌

DISH

DBS

Corp.

5.13%

06/01/29

9,000‌

4,253‌

5.25%

12/01/26

5

10,000‌

8,040‌

DISH

Network

Corp.

11.75%

11/15/27

5

3,000‌

2,938‌

Frontier

Communications

Holdings

LLC

5.00%

05/01/28

5

8,000‌

6,908‌

6.75%

05/01/29

5

6,000‌

4,661‌

8.63%

03/15/31

5

6,000‌

5,810‌

Gray

Escrow

II,

Inc.

5.38%

11/15/31

5

14,000‌

9,348‌

Intelsat

Jackson

Holdings

SA

(Luxembourg)

6.50%

03/15/30

2,5

22,000‌

20,009‌

Level

3

Financing,

Inc.

4.25%

07/01/28

5

5,000‌

3,233‌

10.50%

05/15/30

5

19,000‌

19,332‌

Northwest

Fiber

LLC/Northwest

Fiber

Finance

Sub,

Inc.

4.75%

04/30/27

5

8,000‌

7,080‌

Scripps

Escrow

II,

Inc.

5.38%

01/15/31

5

10,000‌

7,065‌

Scripps

Escrow,

Inc.

5.88%

07/15/27

5

6,000‌

4,890‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Communications

(continued)

Sirius

XM

Radio,

Inc.

3.88%

09/01/31

5

$

15,000‌

$

11,614‌

Vmed

O2

UK

Financing

I

PLC

(United

Kingdom)

4.75%

07/15/31

2,5

14,000‌

11,585‌

VZ

Secured

Financing

BV

(Netherlands)

5.00%

01/15/32

2,5

16,000‌

12,937‌

Zayo

Group

Holdings,

Inc.

4.00%

03/01/27

5

15,000‌

10,611‌

268,215‌

Consumer

Discretionary

—

3.30%

Central

Garden

&

Pet

Co.

4.13%

04/30/31

5

5,000‌

4,129‌

Everi

Holdings,

Inc.

5.00%

07/15/29

5

5,000‌

4,400‌

Hilton

Domestic

Operating

Co.,

Inc.

3.63%

02/15/32

5

15,000‌

12,520‌

Triton

Water

Holdings,

Inc.

6.25%

04/01/29

5

19,000‌

16,346‌

WarnerMedia

Holdings,

Inc.

5.14%

03/15/52

20,000‌

16,321‌

Wyndham

Hotels

&

Resorts,

Inc.

4.38%

08/15/28

5

13,000‌

11,888‌

65,604‌

Consumer

Products

—

0.24%

Newell

Brands,

Inc.

6.00%

04/01/46

6,000‌

4,754‌

Diversified

REITs

—

0.49%

VICI

Properties

LP/VICI

Note

Co.,

Inc.

5.75%

02/01/27

5

10,000‌

9,824‌

Electric

—

0.09%

Pike

Corp.

5.50%

09/01/28

5

2,000‌

1,798‌

Energy

—

5.46%

Energy

Transfer

LP,

Series

B

6.63%

3,4

22,000‌

16,914‌

Global

Partners

LP/GLP

Finance

Corp.

6.88%

01/15/29

16,000‌

14,875‌

NGL

Energy

Operating

LLC/NGL

Energy

Finance

Corp.

7.50%

02/01/26

5

7,000‌

6,902‌

SM

Energy

Co.

6.50%

07/15/28

13,000‌

12,523‌

TransMontaigne

Partners

LP/TLP

Finance

Corp.

6.13%

02/15/26

12,000‌

10,406‌

Transocean

Titan

Financing

Ltd.

(Cayman

Islands)

8.38%

02/01/28

2,5

13,000‌

13,276‌

Venture

Global

Calcasieu

Pass

LLC

4.13%

08/15/31

5

39,000‌

33,668‌

108,564‌

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

3

/

June

2023

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Entertainment

—

0.53%

Banijay

Entertainment

SASU

(France)

5.38%

03/01/25

2,5

$

8,000‌

$

7,849‌

Cinemark

USA,

Inc.

5.25%

07/15/28

5

3,000‌

2,655‌

10,504‌

Finance

—

2.67%

American

Express

Co.,

Series

D

3.55%

3,4

7,000‌

5,859‌

Charles

Schwab

Corp.

(The)

Series

K

5.00%

3,4

9,000‌

7,564‌

GGAM

Finance

Ltd.

(Cayman

Islands)

8.00%

06/15/28

2,5

7,000‌

7,021‌

Icahn

Enterprises

LP/Icahn

Enterprises

Finance

Corp.

4.38%

02/01/29

7,000‌

5,513‌

5.25%

05/15/27

2,000‌

1,729‌

6.25%

05/15/26

2,000‌

1,824‌

Jane

Street

Group/JSG

Finance,

Inc.

4.50%

11/15/29

5

19,000‌

16,405‌

JPMorgan

Chase

&

Co.,

Series

KK

3.65%

3,4

8,000‌

7,061‌

52,976‌

Food

—

5.46%

B&G

Foods,

Inc.

5.25%

04/01/25

4,000‌

3,838‌

Chobani

LLC/Chobani

Finance

Corp,

Inc.

4.63%

11/15/28

5

2,000‌

1,823‌

H-Food

Holdings

LLC/Hearthside

Finance

Co.,

Inc.

8.50%

06/01/26

5

6,000‌

2,378‌

JBS

USA

LUX

SA/JBS

USA

Food

Co./JBS

USA

Finance,

Inc.

(Canada)

3.75%

12/01/31

2,5

20,000‌

16,542‌

5.75%

04/01/33

2,5

15,000‌

14,158‌

Pilgrim's

Pride

Corp.

3.50%

03/01/32

30,000‌

23,929‌

5.88%

09/30/27

5

20,000‌

19,764‌

6.25%

07/01/33

11,000‌

10,715‌

Simmons

Foods,

Inc./Simmons

Prepared

Foods,

Inc./

Simmons

Pet

Food,

Inc./Simmons

Feed

4.63%

03/01/29

5

19,000‌

15,399‌

108,546‌

Gaming

—

0.14%

Penn

Entertainment,

Inc.

5.63%

01/15/27

5

3,000‌

2,809‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Health

Care

—

9.75%

1375209

BC

Ltd.

(Canada)

9.00%

01/30/28

2,5

$

13,000‌

$

13,048‌

Bausch

Health

Cos.,

Inc.

(Canada)

14.00%

10/15/30

2,5

1,000‌

600‌

Cano

Health

LLC

6.25%

10/01/28

5

11,000‌

6,895‌

Catalent

Pharma

Solutions,

Inc.

5.00%

07/15/27

5

22,000‌

20,213‌

Centene

Corp.

2.63%

08/01/31

7,000‌

5,596‌

3.00%

10/15/30

5,000‌

4,171‌

4.25%

12/15/27

33,000‌

30,885‌

Embecta

Corp.

6.75%

02/15/30

5

12,000‌

10,920‌

Fortrea

Holdings,

Inc.

7.50%

07/01/30

5

3,000‌

3,073‌

Grifols

Escrow

Issuer

SA

(Spain)

4.75%

10/15/28

2,5

9,000‌

7,818‌

HCA,

Inc.

3.50%

09/01/30

3,000‌

2,631‌

5.63%

09/01/28

10,000‌

10,030‌

5.88%

02/01/29

2,000‌

2,009‌

Heartland

Dental

LLC/Heartland

Dental

Finance

Corp.

10.50%

04/30/28

5

2,000‌

1,990‌

Kevlar

SpA

(Italy)

6.50%

09/01/29

2,5

6,000‌

5,145‌

ModivCare

Escrow

Issuer,

Inc.

5.00%

10/01/29

5

22,000‌

16,309‌

Molina

Healthcare,

Inc.

3.88%

11/15/30

5

10,000‌

8,625‌

Option

Care

Health,

Inc.

4.38%

10/31/29

5

7,000‌

6,186‌

Organon

&

Co./Organon

Foreign

Debt

Co.-Issuer

BV

5.13%

04/30/31

5

8,000‌

6,620‌

Prestige

Brands,

Inc.

3.75%

04/01/31

5

6,000‌

4,975‌

Prime

Healthcare

Services,

Inc.

7.25%

11/01/25

5

14,000‌

13,335‌

Tenet

Healthcare

Corp.

4.88%

01/01/26

13,000‌

12,679‌

193,753‌

Industrials

—

4.30%

Ardagh

Packaging

Finance

PLC/Ardagh

Holdings

USA,

Inc.

(Canada)

5.25%

08/15/27

2,5

14,000‌

11,878‌

Artera

Services

LLC

9.03%

12/04/25

5

5,000‌

4,382‌

Ball

Corp.

3.13%

09/15/31

6,000‌

4,942‌

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

June

2023

/

4

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Industrials

(continued)

General

Electric

Co.,

Series

D

8.88%

3,4

$

7,000‌

$

7,022‌

Graham

Packaging

Co.,

Inc.

7.13%

08/15/28

5

8,000‌

6,841‌

II-VI,

Inc.

5.00%

12/15/29

5

3,000‌

2,713‌

OT

Merger

Corp.

7.88%

10/15/29

5

18,000‌

11,049‌

Pactiv

Evergreen

Group

Issuer

LLC/Pactiv

Evergreen

Group

Issuer,

Inc.

4.38%

10/15/28

5

11,000‌

9,625‌

Titan

Acquisition

Ltd./Titan

Co-Borrower

LLC

(Canada)

7.75%

04/15/26

2,5

3,000‌

2,726‌

TransDigm,

Inc.

4.63%

01/15/29

6,000‌

5,345‌

6.25%

03/15/26

5

5,000‌

5,000‌

6.75%

08/15/28

5

11,000‌

11,076‌

Trivium

Packaging

Finance

BV

(Netherlands)

5.50%

08/15/26

2,5

3,000‌

2,884‌

85,483‌

Information

Technology

—

3.07%

Alteryx,

Inc.

8.75%

03/15/28

5

5,000‌

4,924‌

MSCI,

Inc.

3.63%

11/01/31

5

29,000‌

24,786‌

NCR

Corp.

5.25%

10/01/30

5

30,000‌

26,126‌

Open

Text

Corp.

(Canada)

6.90%

12/01/27

2,5

5,000‌

5,087‌

60,923‌

Insurance

—

0.63%

Acrisure

LLC/Acrisure

Finance,

Inc.

6.00%

08/01/29

5

11,000‌

9,515‌

7.00%

11/15/25

5

3,000‌

2,903‌

12,418‌

Materials

—

3.42%

ASP

Unifrax

Holdings,

Inc.

7.50%

09/30/29

5

11,000‌

6,906‌

ATI,

Inc.

5.13%

10/01/31

5,000‌

4,463‌

Axalta

Coating

Systems,

LLC

3.38%

02/15/29

5

8,000‌

6,823‌

Herens

Holdco

SARL

(Luxembourg)

4.75%

05/15/28

2,5

13,000‌

10,048‌

International

Flavors

&

Fragrances,

Inc.

2.30%

11/01/30

5

9,000‌

7,139‌

SCIH

Salt

Holdings,

Inc.

4.88%

05/01/28

5

4,000‌

3,540‌

Issues

Maturity

Date

Principal

Amount

Value

CORPORATES

(continued)

Materials

(continued)

SK

Invictus

Intermediate

II

SARL

(Luxembourg)

5.00%

10/30/29

2,5

$

16,000‌

$

12,729‌

Valvoline,

Inc.

3.63%

06/15/31

5

20,000‌

16,278‌

67,926‌

Office

REITs

—

0.24%

Hudson

Pacific

Properties

LP

3.25%

01/15/30

2,000‌

1,270‌

4.65%

04/01/29

5,000‌

3,533‌

4,803‌

Retail

—

3.22%

Fertitta

Entertainment,

LLC/Fertitta

Entertainment

Finance

Co.,

Inc.

6.75%

01/15/30

5

16,000‌

13,640‌

FirstCash,

Inc.

5.63%

01/01/30

5

3,000‌

2,713‌

Michaels

Cos.,

Inc.

(The)

7.88%

05/01/29

5

10,000‌

6,750‌

Papa

John's

International,

Inc.

3.88%

09/15/29

5

12,000‌

10,164‌

Yum!

Brands,

Inc.

3.88%

11/01/23

31,000‌

30,768‌

64,035‌

Services

—

2.96%

Adtalem

Global

Education,

Inc.

5.50%

03/01/28

5

8,000‌

7,274‌

Global

Payments,

Inc.

5.30%

08/15/29

3,000‌

2,933‌

HealthEquity,

Inc.

4.50%

10/01/29

5

5,000‌

4,429‌

Hertz

Corp.

(The)

5.00%

12/01/29

5

10,000‌

8,200‌

Prime

Security

Services

Borrower

LLC/Prime

Finance,

Inc.

3.38%

08/31/27

5

4,000‌

3,535‌

Upbound

Group,

Inc.

6.38%

02/15/29

5

3,000‌

2,670‌

WASH

Multifamily

Acquisition,

Inc.

5.75%

04/15/26

5

10,000‌

9,391‌

Waste

Pro

USA,

Inc.

5.50%

02/15/26

5

22,000‌

20,433‌

58,865‌

Total

Corporates

(Cost

$1,304,181)

1,227,788‌

MORTGAGE-BACKED

—

8.79%**  

Non-Agency

Commercial

Mortgage-Backed

—

1.47%

Commercial

Mortgage

Trust,

Series

2012-CR3,

Class

XA

(IO)

1.38%

10/15/45

3

70,201‌

160‌

Commercial

Mortgage

Trust,

Series

2013-CR11,

Class

XA

(IO)

0.94%

08/10/50

3

113,673‌

2‌

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

5

/

June

2023

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Commercial

Mortgage-Backed

(continued)

GS

Mortgage

Securities

Trust,

Series

2013-GC14,

Class

XA

(IO)

0.40%

08/10/46

3

$

262,826‌

$

352‌

Impact

Funding

Affordable

Multifamily

Housing

Mortgage

Loan

Trust,

Series

2010-1,

Class

A1

5.31%

01/25/51

5

4,855‌

4,702‌

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2013-C17,

Class

XA

(IO)

0.83%

01/15/47

3

598,132‌

474‌

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2014-C25,

Class

XA

(IO)

0.95%

11/15/47

3

150,848‌

1,188‌

Queens

Center

Mortgage

Trust,

Series

2013-QCA,

Class

B

3.38%

01/11/37

5

25,000‌

21,873‌

WF-RBS

Commercial

Mortgage

Trust,

Series

2013-C14,

Class

XA

(IO)

0.56%

06/15/46

3

50,772‌

109‌

WF-RBS

Commercial

Mortgage

Trust,

Series

2013-C17,

Class

XA

(IO)

1.15%

12/15/46

3

490,723‌

440‌

29,300‌

Non-Agency

Mortgage-Backed

—

7.22%

American

Home

Mortgage

Assets

Trust,

Series

2007-1,

Class

A1

(Federal

Reserve

US

12-Month

Cumulative

Average

plus

0.70%)

4.68%

02/25/47

1

25,143‌

10,127‌

CIM

Trust,

Series

2022-NR1,

Class

A1

(STEP-reset

date

08/25/23)

5.00%

07/25/62

5

30,051‌

27,540‌

IndyMac

Index

Mortgage

Loan

Trust,

Series

2007-AR7,

Class

1A1

3.06%

11/25/37

3

8,491‌

6,947‌

JPMorgan

Mortgage

Trust,

Series

2006-A4,

Class

1A1

4.44%

06/25/36

3

21,247‌

15,720‌

MASTR

Adjustable

Rate

Mortgages

Trust,

Series

2004-13,

Class

3A1

4.56%

11/21/34

3

34,027‌

32,273‌

MASTR

Alternative

Loan

Trust,

Series

2006-2,

Class

2A2

(IO)

(-1.00

X

LIBOR

USD

1-Month

plus

7.10%,

7.10%

Cap)

1.95%

03/25/36

1,8,9

218,248‌

14,396‌

WaMu

Asset-Backed

Certificates,

Series

2007-HE2,

Class

2A2

(LIBOR

USD

1-Month

plus

0.19%)

5.34%

04/25/37

1

46,728‌

17,707‌

WaMu

Mortgage

Pass-Through

Certificates,

Series

2005-AR9,

Class

A1A

(LIBOR

USD

1-Month

plus

0.64%)

5.79%

07/25/45

1

19,997‌

18,791‌

143,501‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Commercial

Mortgage-Backed

—

0.10%

Ginnie

Mae,

Series

2012-27,

Class

IO

(IO)

0.27%

04/16/53

3

$

244,896‌

$

584‌

Ginnie

Mae,

Series

2013-163,

Class

IO

(IO)

1.01%

02/16/46

3

115,282‌

1,378‌

1,962‌

Total

Mortgage-Backed

(Cost

$267,799)

174,763‌

Total

Bonds

—

79.12%

(Cost

$1,755,099)

1,572,686‌

Issues

Shares

Value

COMMON

STOCK

—

10.56%

Communication

Services

—

2.24%

Altice

USA,

Inc.,

Class

A

7

1,736‌

5,243‌

AT&T,

Inc.

372‌

5,933‌

Nexstar

Media

Group,

Inc.,

Class

A

59‌

9,826‌

T-Mobile

U.S.,

Inc.

7

138‌

19,168‌

Warner

Bros.

Discovery,

Inc.

7

340‌

4,264‌

44,434‌

Consumer

Discretionary

—

1.54%

Newell

Brands,

Inc.

416‌

3,619‌

Qurate

Retail,

Inc.

7

3,324‌

3,290‌

Spectrum

Brands

Holdings,

Inc.

84‌

6,556‌

Upbound

Group,

Inc.

553‌

17,215‌

30,680‌

Diversified

REITs

—

0.83%

Gaming

and

Leisure

Properties,

Inc.

340‌

16,477‌

Financials

—

1.64%

FirstCash

Holdings,

Inc.

240‌

22,399‌

Wells

Fargo

&

Co.

237‌

10,115‌

32,514‌

Gaming

—

0.43%

Penn

Entertainment,

Inc.

7

354‌

8,507‌

Health

Care

—

1.27%

Bausch

+

Lomb

Corp.

2,7

(Canada)

365‌

7,326‌

Bausch

Health

Cos.,

Inc.

2,7

(Canada)

940‌

7,520‌

Centene

Corp.

7

154‌

10,387‌

25,233‌

Industrials

—

0.45%

TransDigm

Group,

Inc.

10‌

8,942‌

Information

Technology

—

0.75%

CommScope

Holding

Co.,

Inc.

7

818‌

4,605‌

NCR

Corp.

7

239‌

6,023‌

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

June

2023

/

6

Issues

Shares

Value

COMMON

STOCK

—

10.56%

(continued)

Information

Technology

—

0.75%

(continued)

SS&C

Technologies

Holdings,

Inc.

72‌

$

4,363‌

14,991‌

Office

REITs

—

0.10%

Hudson

Pacific

Properties,

Inc.

492‌

2,076‌

Transportation

—

1.06%

Hertz

Global

Holdings,

Inc.

7

1,149‌

21,130‌

Utilities

—

0.25%

FirstEnergy

Corp.

127‌

4,938‌

Total

Common

Stock

(Cost

$318,793)

209,922‌

MASTER

LIMITED

PARTNERSHIPS

—

2.41%

Energy

—

2.41%

Enterprise

Products

Partners

LP

664‌

17,497‌

NGL

Energy

Partners

LP

7

2,525‌

9,822‌

Sunoco

LP

164‌

7,144‌

USA

Compression

Partners

LP

676‌

13,344‌

47,807‌

Total

Master

Limited

Partnerships

(Cost

$28,731)

47,807‌

Issues

Maturity

Date

Principal

Amount

/

Shares

Value

SHORT-TERM

INVESTMENTS

—

6.40%

Money

Market

Funds

—

6.40%

Fidelity

Investments

Money

Market

Funds

-

Government

Portfolio

4.99%

10

126,271‌

126,271‌

Issues

Maturity

Date

Principal

Amount/Shares

Value

SHORT-TERM

INVESTMENTS

(continued)

Money

Market

Funds

(continued)

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

5.02%

10

1,000‌

$

1,000‌

Total

Short-Term

Investments

(Cost

$127,271)

127,271‌

Total

Investments

-

98.49%

(Cost

$2,229,894)

1,957,686‌

Cash

and

Other

Assets,

Less

Liabilities

-

1.51%

30,013‌

Net

Assets

-

100.00%

$

1,987,699‌

1

Floating

rate

security.

The

rate

disclosed

was

in

effect

at

June

30,

2023.

2

Foreign

denominated

security

issued

by

foreign

domiciled

entity.

3

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.

4

Perpetual

security

with

no

stated

maturity

date.

5

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.

6

Security

is

currently

in

default

with

regard

to

scheduled

interest

or

principal

payments.

7

Non-income producing

security.

8

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

9

Illiquid

security

as

determined

under

procedures

approved

by

the

Board

of

Trustees.

The

aggregate

value

of

illiquid

securities

is

$14,396,

which

is

0.72%

of

total

net

assets.

10

Represents

the

current

yield

as

of

June

30,

2023.

*

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.

(IO):

Interest

Only

(LIBOR):

London

InterBank

Offer

Rate

(REIT):

Real

Estate

Investment

Trust

(SOFR):

Secured

Overnight

Financing

Rate

(STEP):

Step

Coupon

Bond

(USD):

U.S.

Dollar

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

FUTURES

CONTRACTS:

LONG

POSITIONS

U.S.

Treasury

Two-Year

Note

3

09/29/23

$

610,031‌

$

(9,018‌)

$

(9,018‌)

U.S.

Treasury

Five-Year

Note

2

09/29/23

214,188‌

(4,228‌)

(4,228‌)

824,219‌

(13,246‌)

(13,246‌)

FUTURES

CONTRACTS:

SHORT

POSITIONS

U.S.

Treasury

Ten-Year

Ultra

Bond

1

09/20/23

(118,438‌)

1,118‌

1,118‌

TOTAL

FUTURES

CONTRACTS

$

705,781‌

$

(12,128‌)

$

(12,128‌)

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

7

/

June

2023

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

used

by

the

Adviser

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

used

by

the

Adviser,

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

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

June

2023

/

8

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

June

30,

2023

is

as

follows:

OPPORTUNISTIC

HIGH

INCOME

CREDIT

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTAL

Investments

in

Securities

Assets:

Short-Term

Investments:

Money

Market

Funds

$

127,271‌

$

—‌

$

—‌

$

127,271‌

Long-Term

Investments:

Bank

Loans

—‌

170,135‌

—‌

170,135‌

Common

Stock

209,922‌

—‌

—‌

209,922‌

Corporates

—‌

1,227,788‌

—‌

1,227,788‌

Master

Limited

Partnerships

47,807‌

—‌

—‌

47,807‌

Mortgage-Backed

Securities

—‌

160,367‌

14,396‌

174,763‌

Other

Financial

Instruments

*

Assets:

Interest

rate

contracts

1,118‌

—‌

—‌

1,118‌

Liabilities:

Interest

rate

contracts

(

13,246‌

)

—‌

—‌

(

13,246‌

)

Total

$

372,872‌

$

1,558,290‌

$

14,396‌

$

1,945,558‌

*Other

financial

instruments

include

futures.

Interest

rate

contracts

include

futures.

Opportunistic

High

Income

Credit

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

9

/

June

2023

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

June

30,

2023

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:

OPPORTUNISTIC

HIGH

INCOME

CREDIT

FUND

MORTGAGE-

BACKED

SECURITIES

TOTAL

Balance

as

of

April

1,

2023

$

16,821‌

$

16,821‌

Accrued

discounts/premiums

(

1,201‌

)

(

1,201‌

)

Realized

gain

(loss)

—‌

—‌

Change

in

unrealized

(depreciation)*

(

1,224‌

)

(

1,224‌

)

Purchases

—‌

—‌

Sales

—‌

—‌

Transfers

into

Level

3**

—‌

—‌

Transfers

out

of

Level

3**

—‌

—‌

Balance

as

of

June

30,

2023

$

14,396‌

$

14,396‌

*The

change

in

unrealized

appreciation

(depreciation)

on

securities

still

held

at

June

30,

2023

was

$(1,224)

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

June

30,

2023.

Significant

unobservable

valuations

inputs

for

Level

3

investments

as

of

June

30,

2023,

are

as

follows:

OPPORTUNISTIC

HIGH

INCOME

CREDIT

FUND

FAIR

VALUE

AT

6/30/23

VALUATION

TECHNIQUE

*

UNOBSERVABLE

INPUT

RANGE

WEIGHTED

AVERAGE

INPUT

TO

VALUATION

IF

INPUT

INCREASES

Mortgage-Backed

Securities-Non-Agency

$14,396

Third-Party

Vendor

Vendor

Prices

$6.60

$6.60

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.