ESG

Securitized

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

1

/

June

2023

Issues

Maturity

Date

Principal

Amount

Value

BONDS

–

110.56%

ASSET-BACKED

SECURITIES

—

10.18%**  

Aligned

Data

Centers

Issuer

LLC,

Series

2021-1A,

Class

A2

1.94%

08/15/46

1

$

150,000‌

$

131,727‌

CIFC

Funding

Ltd.,

Series

2022-1A,

Class

A

(Cayman

Islands)

(CME

Term

SOFR

3-Month

plus

1.32%)

6.31%

04/17/35

1,2,3

50,000‌

49,010‌

Flexential

Issuer,

Series

2021-1A,

Class

A2

3.25%

11/27/51

1

150,000‌

131,384‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2022-1GS,

Class

A

2.70%

01/20/49

1

90,649‌

72,744‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2023-1GS,

Class

A

5.52%

02/22/55

1

43,493‌

41,442‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2023-2GS,

Class

A

5.70%

05/20/55

1

49,097‌

47,471‌

Loanpal

Solar

Loan

Ltd.,

Series

2021-1GS,

Class

A

2.29%

01/20/48

1

157,396‌

117,193‌

Sunnova

Helios

VII

Issuer

LLC,

Series

2021-C,

Class

A

2.03%

10/20/48

1

176,829‌

146,684‌

Total

Asset-Backed

Securities

(Cost

$853,142)

737,655‌

MORTGAGE-BACKED

—

100.38%**  

Non-Agency

Commercial

Mortgage-Backed

—

19.96%

1211

Avenue

of

the

Americas

Trust,

Series

2015-1211,

Class

A1A1

3.90%

08/10/35

1

150,000‌

139,773‌

CAMB

Commercial

Mortgage

Trust,

Series

2021-CX2,

Class

B

2.86%

11/10/46

1,4

150,000‌

116,355‌

DBUBS

Mortgage

Trust,

Series

2017-BRBK,

Class

F

3.65%

10/10/34

1,4

150,000‌

112,150‌

DOLP

Trust,

Series

2021-NYC,

Class

A

2.96%

05/10/41

1

150,000‌

117,863‌

Frost

CMBS

DAC,

Series

2021-1A,

Class

GBB

(Ireland)

(SONIA

plus

1.65%)

6.40%

11/20/33

1,2,3

248,780‌

291,312‌

Grace

Trust,

Series

2020-GRCE,

Class

B

2.60%

12/10/40

1

150,000‌

115,155‌

KREST

Commercial

Mortgage

Securities

Trust,

Series

2021-CHIP,

Class

C

3.02%

11/05/44

1,4

125,000‌

82,482‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

Non-Agency

Commercial

Mortgage-Backed

(continued)

KREST

Commercial

Mortgage

Securities

Trust,

Series

2021-CHIP,

Class

F

3.02%

11/05/44

1,4

$

200,000‌

$

103,478‌

MFT

Mortgage

Trust,

Series

2020-B6,

Class

B

3.39%

08/10/40

1,4

150,000‌

95,843‌

Natixis

Commercial

Mortgage

Securities

Trust,

Series

2019-10K,

Class

A

3.62%

05/15/39

1

150,000‌

131,424‌

One

New

York

Plaza

Trust,

Series

2020-1NYP,

Class

AJ

(LIBOR

USD

1-Month

plus

1.25%)

6.44%

01/15/36

1,2

150,000‌

140,329‌

1,446,164‌

Non-Agency

Mortgage-Backed

—

2.00%

Cascade

MH

Asset

Trust,

Series

2021-MH1,

Class

A1

1.75%

02/25/46

1

72,879‌

60,634‌

Cascade

MH

Asset

Trust,

Series

2022-MH1,

Class

A

(STEP-reset

date

08/25/23)

4.25%

08/25/54

1

95,900‌

84,464‌

145,098‌

U.S.

Agency

Commercial

Mortgage-Backed

—

1.49%

Freddie

Mac

Multifamily

ML

Certificates,

Series

2021-ML12,

Class

XUS

(IO)

1.30%

07/25/41

4

1,084,554‌

108,314‌

U.S.

Agency

Mortgage-Backed

—

76.93%

Fannie

Mae

Pool

AL9266

3.00%

10/01/46

125,555‌

112,661‌

Fannie

Mae

Pool

BO2256

3.00%

10/01/49

297,380‌

264,957‌

Fannie

Mae

Pool

BQ1226

2.00%

09/01/50

131,160‌

107,473‌

Fannie

Mae

Pool

BV9977

3.50%

06/01/52

95,660‌

87,277‌

Fannie

Mae

Pool

BW0000

4.00%

07/01/52

95,448‌

89,655‌

Fannie

Mae

Pool

CA5496

3.00%

04/01/50

371,373‌

332,044‌

Fannie

Mae

Pool

CB2074

2.50%

11/01/51

159,282‌

135,562‌

Fannie

Mae

Pool

CB4211

4.50%

07/01/52

120,568‌

115,921‌

Fannie

Mae

Pool

FM2870

3.00%

03/01/50

228,176‌

204,011‌

Fannie

Mae

Pool

FM3687

2.50%

06/01/50

339,241‌

291,909‌

Fannie

Mae

Pool

FM5254

2.00%

12/01/50

156,068‌

127,840‌

Fannie

Mae

Pool

FM6400

2.00%

03/01/51

105,978‌

86,839‌

Fannie

Mae

Pool

FS1334

2.00%

11/01/51

159,932‌

130,655‌

ESG

Securitized

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

June

2023

/

2

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Mortgage-Backed

(continued)

Fannie

Mae

Pool

FS1598

2.00%

04/01/52

$

118,093‌

$

96,252‌

Fannie

Mae

Pool

MA4398

2.00%

08/01/51

166,779‌

136,501‌

Fannie

Mae

Pool

MA4414

2.50%

09/01/51

191,714‌

162,732‌

Fannie

Mae

REMICS,

Series

2019-25,

Class

PA

3.00%

05/25/48

209,454‌

190,895‌

Freddie

Mac

Gold

Pool

G67707

3.50%

01/01/48

197,492‌

184,372‌

Freddie

Mac

Gold

Pool

G67708

3.50%

03/01/48

39,081‌

36,133‌

Freddie

Mac

Pool

QA7550

3.00%

03/01/50

66,543‌

59,247‌

Freddie

Mac

Pool

QA8518

3.00%

04/01/50

79,552‌

70,829‌

Freddie

Mac

Pool

QC8921

2.50%

10/01/51

147,188‌

125,195‌

Freddie

Mac

Pool

QD1841

2.00%

11/01/51

135,670‌

110,806‌

Freddie

Mac

Pool

RA4201

2.00%

12/01/50

95,847‌

78,481‌

Freddie

Mac

Pool

RA5552

3.00%

07/01/51

231,392‌

204,646‌

Freddie

Mac

Pool

RA5855

2.50%

09/01/51

199,907‌

169,691‌

Freddie

Mac

Pool

RA6071

2.00%

10/01/51

141,014‌

115,244‌

Freddie

Mac

Pool

RA6528

2.50%

02/01/52

22,806‌

19,354‌

Freddie

Mac

Pool

RA7091

2.50%

03/01/52

140,349‌

119,189‌

Freddie

Mac

Pool

RA7543

4.00%

06/01/52

117,119‌

109,955‌

Freddie

Mac

Pool

SD7511

3.50%

01/01/50

35,013‌

32,425‌

Freddie

Mac

Pool

SD7549

2.00%

01/01/52

141,991‌

117,329‌

Freddie

Mac

Pool

SD8222

4.00%

06/01/52

93,900‌

88,103‌

Freddie

Mac

REMICS,

Series

3067,

Class

FA

(LIBOR

USD

1-Month

plus

0.35%)

5.54%

11/15/35

2

58,422‌

57,887‌

Freddie

Mac

REMICS,

Series

3071,

Class

TF

(LIBOR

USD

1-Month

plus

0.30%)

5.49%

04/15/35

2

11,924‌

11,885‌

Freddie

Mac

REMICS,

Series

3210,

Class

F

(LIBOR

USD

1-Month

plus

0.40%)

5.59%

05/15/36

2

3,292‌

3,289‌

Freddie

Mac

REMICS,

Series

4139,

Class

DA

1.25%

12/15/27

22,051‌

20,459‌

Issues

Maturity

Date

Principal

Amount

Value

MORTGAGE-BACKED

(continued)

U.S.

Agency

Mortgage-Backed

(continued)

Ginnie

Mae

(TBA)

2.50%

07/15/53

$

150,000‌

$

129,848‌

4.50%

07/20/53

200,000‌

193,022‌

5.00%

07/20/53

25,000‌

24,568‌

UMBS

(TBA)

3.00%

07/01/53

75,000‌

66,012‌

4.00%

07/01/53

175,000‌

164,213‌

4.50%

07/01/53

100,000‌

96,137‌

4.50%

08/01/53

75,000‌

72,152‌

5.00%

07/01/53

200,000‌

195,984‌

5.50%

07/01/53

225,000‌

223,989‌

5,573,628‌

Total

Mortgage-Backed

(Cost

$8,138,957)

7,273,204‌

Total

Bonds

—

110.56%

(Cost

$8,992,099)

8,010,859‌

Issues

Maturity

Date

Principal

Amount

/

Shares

Value

SHORT-TERM

INVESTMENTS

—

5.55%

Money

Market

Funds

—

5.55%

Dreyfus

Government

Cash

Management

Fund

5.00%

5

5,000‌

5,000‌

Fidelity

Investments

Money

Market

Funds

-

Government

Portfolio

4.99%

5

21,043‌

21,043‌

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

5.02%

5

376,000‌

376,000‌

Total

Short-Term

Investments

(Cost

$402,043)

402,043‌

Total

Investments

-

116.11%

(Cost

$9,394,142)

8,412,902‌

Liabilities

in

Excess

of

Other

Assets

-

(16.11)%

(1,167,414‌)

Net

Assets

-

100.00%

$

7,245,488‌

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

June

30,

2023.

3

Foreign

denominated

security

issued

by

foreign

domiciled

entity.

4

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.

5

Represents

the

current

yield

as

of

June

30,

2023.

**

Securities

backed

by

mortgage

or

consumer

loans

where

payment

is

periodically

made

will

have

an

effective

maturity

date

sooner

than

the

stated

maturity

date.

ESG

Securitized

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

3

/

June

2023

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.

(GBP):

British

Pound

(IO):

Interest

Only

(LIBOR):

London

InterBank

Offer

Rate

(SOFR):

Secured

Overnight

Financing

Rate

(SONIA):

Sterling

Overnight

Index

Average

(STEP):

Step

Coupon

Bond

(TBA):

To-Be-Announced

(USD):

U.S.

Dollar

Currency

to

be

Purchased

Currency

to

be

Sold

Counterparty

Settlement

Date

Unrealized

(Depreciation)

FOREIGN

CURRENCY

EXCHANGE

CONTRACT

USD

291,579

GBP

234,000

Citibank

N.A.

07/14/23

$

(5,949‌)

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

FUTURES

CONTRACTS:

LONG

POSITIONS

U.S.

Treasury

Two-Year

Note

9

09/29/23

$

1,830,094‌

$

(22,320‌)

$

(22,320‌)

U.S.

Treasury

Ten-Year

Ultra

Bond

3

09/20/23

355,313‌

(3,342‌)

(3,342‌)

U.S.

Treasury

Ultra

Bond

1

09/20/23

136,219‌

1,529‌

1,529‌

2,321,626‌

(24,133‌)

(24,133‌)

FUTURES

CONTRACTS:

SHORT

POSITIONS

U.S.

Treasury

Five-Year

Note

6

09/29/23

(642,563‌)

10,886‌

10,886‌

TOTAL

FUTURES

CONTRACTS

$

1,679,063‌

$

(13,247‌)

$

(13,247‌)

ESG

Securitized

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

June

2023

/

4

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

ESG

Securitized

Fund

Schedule

of

Portfolio

Investments

June

30,

2023

(Unaudited)

5

/

June

2023

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:

ESG

SECURITIZED

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTAL

Investments

in

Securities

Assets:

Short-Term

Investments:

Money

Market

Funds

$

402,043‌

$

—‌

$

—‌

$

402,043‌

Long-Term

Investments:

Asset-Backed

Securities

—‌

737,655‌

—‌

737,655‌

Mortgage-Backed

Securities

—‌

7,273,204‌

—‌

7,273,204‌

Other

Financial

Instruments

*

Assets:

Interest

rate

contracts

12,415‌

—‌

—‌

12,415‌

Liabilities:

Foreign

currency

exchange

contracts

—‌

(

5,949‌

)

—‌

(

5,949‌

)

Interest

rate

contracts

(

25,662‌

)

—‌

—‌

(

25,662‌

)

Total

$

388,796‌

$

8,004,910‌

$

—‌

$

8,393,706‌

*Other

financial

instruments

include

foreign

currency

exchange

contracts

and

futures.

Interest

rate

contracts

include

futures.