Lord Abbett
Quarterly Portfolio Holdings Report

Lord Abbett

Climate Focused Bond Fund
Emerging Markets Equity Fund
International Growth Fund
Short Duration High Yield Fund

For the period ended April 30, 2023

Schedule of Investments (unaudited)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
LONG-TERM INVESTMENTS 97.09%
ASSET-BACKED SECURITIES 0.52%
Automobiles
Tesla Auto Lease Trust Series 2021-A Class B† (cost $100,206)	1.02%	3/20/2025	$	100,000	$	97,284
CONVERTIBLE BONDS 0.46%
Auto Manufacturers 0.07%
Lucid Group, Inc.†	1.25%	12/15/2026		12,000		6,540
NIO, Inc. (China)(a)	0.50%	2/1/2027		8,000		6,320
Total						12,860
Energy-Alternate Sources 0.31%
Array Technologies, Inc.	1.00%	12/1/2028		8,000		8,408
NextEra Energy Partners LP†	Zero Coupon	6/15/2024		34,000		31,756
Plug Power, Inc.	3.75%	6/1/2025		3,000		5,567
Sunrun, Inc.	Zero Coupon	2/1/2026		20,000		13,480
Total						59,211
REITS 0.08%
HAT Holdings I LLC/HAT Holdings II LLC†	Zero Coupon	5/1/2025		15,000		14,309
Total Convertible Bonds (cost $116,633)						86,380
CORPORATE BONDS 70.66%
Agriculture 0.28%
Darling Ingredients, Inc.†	6.00%	6/15/2030		53,000		52,480
Auto Manufacturers 0.72%
Ford Motor Co.	3.25%	2/12/2032		48,000		37,268
Volvo Car AB(b)	2.50%	10/7/2027	EUR	100,000		98,977
Total						136,245
Auto Parts & Equipment 1.21%
Aptiv PLC (Ireland)(a)	4.35%	3/15/2029	$	35,000		34,013
BorgWarner, Inc.	3.375%	3/15/2025		65,000		63,315
Dana, Inc.	4.25%	9/1/2030		48,000		38,923
ZF Finance GmbH(b)	2.25%	5/3/2028	EUR	100,000		93,027
Total						229,278

See Notes to Schedule of Investments. 1

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Banks 11.99%
ABN AMRO Bank NV(b)	3.00%		6/1/2032	EUR	100,000	$	101,848
AIB Group PLC(b)	0.50%  (1 yr. EUR Swap + 0.75%	)#	11/17/2027	EUR	100,000		96,819
Bank of America Corp.	2.456%  (3 mo. USD LIBOR + 0.87%	)#	10/22/2025	$	210,000		200,763
Bank of Ireland Group PLC(b)	0.375%  (1 yr. EUR Swap + 0.77%	)#	5/10/2027	EUR	100,000		97,951
Bank of Nova Scotia (Canada)(a)	0.65%		7/31/2024	$	125,000		118,111
BNP Paribas SA(b)	1.125%		8/28/2024	EUR	200,000		213,242
BNP Paribas SA (France)†(a)	1.675%  (SOFR + 0.91%	)#	6/30/2027	$	200,000		178,848
CaixaBank SA(b)	1.25%  (5 yr. EUR Swap + 1.63%	)#	6/18/2031	EUR	100,000		96,727
Citigroup, Inc.	1.678%  (SOFR + 1.67%	)#	5/15/2024	$	275,000		274,597
Danske Bank AS(b)	0.75%  (1 yr. EURIBOR ICE Swap + 0.88%	)#	6/9/2029	EUR	100,000		91,760
ING Groep NV(b)	0.875%  (5 yr. EURIBOR ICE Swap + 1.15%	)#	6/9/2032	EUR	100,000		93,741
Intesa Sanpaolo SpA(b)	0.75%		3/16/2028	EUR	100,000		94,708
JPMorgan Chase & Co.	0.768%  (SOFR + 0.49%	)#	8/9/2025	$	221,000		207,870
Landesbank Baden-Wuerttemberg(b)	1.50%		2/3/2025	GBP	100,000		117,223
Royal Bank of Canada (Canada)(a)	1.15%		7/14/2026	$	100,000		90,076
Standard Chartered PLC (United Kingdom)†(a)	1.214%  (1 yr. CMT + 0.88%	)#	3/23/2025		200,000		191,748
Total							2,266,032
Biotechnology 0.28%
Amgen, Inc.	3.00%		2/22/2029		56,000		52,013
Building Materials 0.61%
Eco Material Technologies, Inc.†	7.875%		1/31/2027		25,000		24,031
Johnson Controls International PLC/Tyco Fire & Security Finance SCA	1.75%		9/15/2030		47,000		39,034
Owens Corning	3.95%		8/15/2029		55,000		52,338
Total							115,403
Chemicals 1.00%
Air Liquide Finance SA(b)	0.375%		5/27/2031	EUR	100,000		90,900
Itelyum Regeneration SpA(b)	4.625%		10/1/2026	EUR	100,000		98,803
Total							189,703

2 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Commercial Services 2.04%
Bureau Veritas SA(b)	1.875%		1/6/2025		EUR	100,000	$	106,497
Global Payments, Inc.	3.20%		8/15/2029		$	29,000		25,674
Global Payments, Inc.	3.75%		6/1/2023			30,000		29,943
Massachusetts Institute of Technology	3.959%		7/1/2038			75,000		70,733
Quanta Services, Inc.	2.35%		1/15/2032			75,000		60,487
Techem Verwaltungsgesellschaft 674 mbH(b)	6.00%		7/30/2026		EUR	87,920		91,595
Total								384,929
Distribution/Wholesale 0.52%
Rexel SA(b)	2.125%		6/15/2028		EUR	100,000		97,262
Diversified Financial Services 1.73%
CDP Financial, Inc. (Canada)(a)	1.00%		5/26/2026		$	250,000		227,802
LeasePlan Corp. NV(b)	0.25%		2/23/2026		EUR	100,000		99,162
Total								326,964
Electric 15.30%
Abu Dhabi National Energy Co. PJSC (United Arab Emirates)†(a)	4.696%		4/24/2033		$	200,000		204,048
AES Corp.	2.45%		1/15/2031			60,000		49,289
Atlantica Sustainable Infrastructure PLC (United Kingdom)†(a)	4.125%		6/15/2028			200,000		182,680
CenterPoint Energy Houston Electric LLC	5.30%		4/1/2053			96,000		100,668
Clearway Energy Operating LLC†	3.75%		2/15/2031			75,000		64,267
Drax Finco PLC(b)	2.625%		11/1/2025		EUR	100,000		104,978
EDP Finance BV (Netherlands)†(a)	6.30%		10/11/2027		$	200,000		211,954
Electricite de France SA(b)	1.00%		11/29/2033		EUR	100,000		79,107
Enel Finance International NV (Netherlands)†(a)	2.25%		7/12/2031		$	200,000		158,917
Engie SA(b)	0.375%		6/21/2027		EUR	100,000		97,855
Iberdrola Finanzas SA(b)	1.375%		3/11/2032		EUR	100,000		95,443
Iberdrola International BV(b)	1.45%  (5 yr. EUR Swap + 1.83%	)#	–	(c)	EUR	100,000		93,968
Ignitis Grupe AB(b)	2.00%		5/21/2030		EUR	100,000		93,329
Leeward Renewable Energy Operations LLC†	4.25%		7/1/2029		$	102,000		91,902
Liberty Utilities Finance GP 1†	2.05%		9/15/2030			100,000		80,006
MidAmerican Energy Co.	3.95%		8/1/2047			65,000		56,098
NextEra Energy Capital Holdings, Inc.	1.90%		6/15/2028			47,000		41,458
NextEra Energy Operating Partners LP†	4.50%		9/15/2027			56,000		52,732
Northern States Power Co.	2.60%		6/1/2051			50,000		33,961
Pattern Energy Operations LP/Pattern Energy Operations, Inc.†	4.50%		8/15/2028			49,000		45,630

See Notes to Schedule of Investments. 3

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Electric (continued)
Ren Finance BV(b)	0.50%		4/16/2029	EUR	100,000	$	92,662
Solar Star Funding LLC†	5.375%		6/30/2035	$	78,666		80,240
Southwestern Public Service Co.	3.75%		6/15/2049		50,000		39,824
SSE PLC(b)	0.875%		9/6/2025	EUR	100,000		103,884
Star Energy Geothermal Wayang Windu Ltd. (Indonesia)(a)	6.75%		4/24/2033	$	162,160		159,635
Statnett SF(b)	0.518%		6/30/2023	SEK	2,000,000		193,986
TenneT Holding BV(b)	0.125%		11/30/2032	EUR	100,000		83,739
TransAlta Corp. (Canada)(a)	7.75%		11/15/2029	$	48,000		50,462
Tucson Electric Power Co.	1.50%		8/1/2030		60,000		48,227
Vattenfall AB(b)	0.50%		6/24/2026	EUR	100,000		100,949
Total							2,891,898
Electrical Components & Equipment 1.63%
Schneider Electric SE(b)	0.25%		3/11/2029	EUR	100,000		93,869
Schneider Electric SE(b)	1.841%		10/13/2025	EUR	100,000		105,926
Signify NV(b)	2.00%		5/11/2024	EUR	100,000		108,354
Total							308,149
Electronics 0.51%
Amphenol Corp.	2.80%		2/15/2030	$	50,000		44,815
Hubbell, Inc.	3.50%		2/15/2028		55,000		52,191
Total							97,006
Energy-Alternate Sources 4.87%
Continental Wind LLC†	6.00%		2/28/2033		53,469		56,539
Cullinan Holdco Scsp†(b)	4.625%		10/15/2026	EUR	100,000		96,695
EEW Energy from Waste GmbH(b)	0.361%		6/30/2026	EUR	100,000		98,141
Greenko Solar Mauritius Ltd. (Mauritius)(a)	5.55%		1/29/2025	$	200,000		192,250
Scatec ASA†(b)	5.203% (3 mo. EUR EURIBOR + 2.50%	)#	8/19/2025	EUR	100,000		101,926
Sweihan PV Power Co. PJSC (United Arab Emirates)†(a)	3.625%		1/31/2049	$	194,716		162,203
TerraForm Power Operating LLC†	4.75%		1/15/2030		55,000		51,073
Topaz Solar Farms LLC†	5.75%		9/30/2039		65,246		64,423
Vestas Wind Systems Finance BV(b)	1.50%		6/15/2029	EUR	100,000		96,611
Total							919,861
Engineering & Construction 0.27%
Jacobs Engineering Group, Inc.	5.90%		3/1/2033	$	51,000		51,830

4 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Environmental Control 2.59%
Clean Harbors, Inc.†	6.375%		2/1/2031	$	53,000	$	54,133
Derichebourg SA(b)	2.25%		7/15/2028	EUR	100,000		96,723
FCC Servicios Medio Ambiente Holding SAU(b)	1.661%		12/4/2026	EUR	100,000		101,849
Madison IAQ LLC†	5.875%		6/30/2029	$	54,000		42,320
Paprec Holding SA†(b)	3.50%		7/1/2028	EUR	100,000		98,570
Seche Environnement SA(b)	2.25%		11/15/2028	EUR	100,000		95,999
Total							489,594
Food 0.47%
Kerry Group Financial Services Unltd Co.(b)	0.875%		12/1/2031	EUR	100,000		88,475
Health Care-Services 0.54%
Kaiser Foundation Hospitals	3.15%		5/1/2027	$	67,000		63,840
Seattle Children’s Hospital	2.719%		10/1/2050		55,000		37,569
Total							101,409
Insurance 0.98%
AXA SA(b)	1.375%  (3 mo. EUR EURIBOR + 2.40%	)#	10/7/2041	EUR	100,000		83,735
PartnerRe Ireland Finance DAC(b)	1.25%		9/15/2026	EUR	100,000		101,178
Total							184,913
Machinery-Diversified 0.80%
Mueller Water Products, Inc.†	4.00%		6/15/2029	$	59,000		53,353
nVent Finance Sarl (Luxembourg)(a)	2.75%		11/15/2031		67,000		54,798
Xylem, Inc.	2.25%		1/30/2031		50,000		42,448
Total							150,599
Media 0.88%
VZ Secured Financing BV (Netherlands)†(a)	5.00%		1/15/2032		200,000		167,124
Metal Fabricate-Hardware 0.25%
Advanced Drainage Systems, Inc.†	5.00%		9/30/2027		50,000		47,884
Mining 0.50%
Novelis Sheet Ingot GmbH†(b)	3.375%		4/15/2029	EUR	100,000		95,371
Miscellaneous Manufacturing 1.66%
Alstom SA(b)	0.25%		10/14/2026	EUR	100,000		99,825
Eaton Corp.	4.15%		3/15/2033	$	62,000		59,683
Pentair Finance Sarl (Luxembourg)(a)	4.50%		7/1/2029		60,000		57,670
Wabtec Transportation Netherlands BV(b)	1.25%		12/3/2027	EUR	100,000		95,857
Total							313,035

See Notes to Schedule of Investments. 5

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Multi-National 3.35%
Inter-American Development Bank	5.117%  (SOFR + 0.28%	)#	4/12/2027	$	200,000	$	200,088
International Bank for Reconstruction & Development	4.978%  (SOFR + 0.18%	)#	6/15/2026		100,000		99,651
International Finance Corp.	4.93%  (SOFR + 0.09%	)#	6/30/2023		50,000		49,997
International Finance Corp.	4.93%  (SOFR + 0.09%	)#	4/3/2024		230,000		229,988
Nordic Investment Bank(b)	0.125%		6/10/2024	EUR	50,000		53,070
Total							632,794
Municipal 1.25%
Transport for London(b)	2.125%		4/24/2025	GBP	200,000		235,947
Packaging & Containers 1.04%
OI European Group BV(b)	2.875%		2/15/2025	EUR	100,000		107,302
Smurfit Kappa Treasury ULC(b)	0.50%		9/22/2029	EUR	100,000		89,043
Total							196,345
Pharmaceuticals 0.66%
Eli Lilly & Co.(b)	0.50%		9/14/2033	EUR	100,000		83,811
Pfizer, Inc.	2.625%		4/1/2030	$	45,000		40,777
Total							124,588
REITS 1.08%
Digital Dutch Finco BV(b)	1.00%		1/15/2032	EUR	100,000		78,582
Goodman U.S. Finance Five LLC†	4.625%		5/4/2032	$	48,000		44,997
HAT Holdings I LLC/HAT Holdings II LLC†	3.75%		9/15/2030		46,000		36,198
Weyerhaeuser Co.	6.875%		12/15/2033		40,000		44,325
Total							204,102
Semiconductors 0.67%
Infineon Technologies AG(b)	1.625%		6/24/2029	EUR	100,000		99,275
Micron Technology, Inc.	2.703%		4/15/2032	$	34,000		27,241
Total							126,516
Software 0.20%
Fiserv, Inc.	3.20%		7/1/2026		40,000		38,156
Sovereign 1.56%
European Union(b)	1.25%		2/4/2043	EUR	380,000		293,906

6 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Telecommunications 1.58%
NTT Finance Corp. (Japan)†(a)	4.372%		7/27/2027		$	200,000	$	200,374
Vmed O2 U.K. Financing I PLC†(b)	4.50%		7/15/2031		GBP	100,000		98,560
Total								298,934
Transportation 4.64%
Brambles Finance PLC(b)	4.25%		3/22/2031		EUR	100,000		112,413
Central Japan Railway Co. (Japan)(a)	2.20%		10/2/2024		$	400,000		386,214
Ferrovie dello Stato Italiane SpA(b)	0.375%		3/25/2028		EUR	100,000		93,706
Getlink SE(b)	3.50%		10/30/2025		EUR	100,000		107,435
Hamburger Hochbahn AG(b)	0.125%		2/24/2031		EUR	100,000		87,273
Ile-de-France Mobilites(b)	0.40%		5/28/2031		EUR	100,000		89,406
Total								876,447
Water 3.00%
American Water Capital Corp.	2.80%		5/1/2030		$	75,000		67,286
Bazalgette Finance PLC(b)	2.75%		3/10/2034		GBP	100,000		100,698
Canal de Isabel II Gestion SA(b)	1.68%		2/26/2025		EUR	100,000		106,110
Essential Utilities, Inc.	2.40%		5/1/2031		$	60,000		50,285
Suez SACA(b)	2.875%		5/24/2034		EUR	100,000		96,899
United Utilities PLC (United Kingdom)(a)	6.875%		8/15/2028		$	50,000		55,313
Veolia Environnement SA(b)	2.50% (5 yr. EUR Swap + 2.84%	)#	–	(c)	EUR	100,000		91,063
Total								567,654
Total Corporate Bonds (cost $14,358,675)								13,352,846
FLOATING RATE LOANS(d) 1.10%
Building & Construction 0.17%
Legence Holdings LLC 2021 Term Loan	8.832% (1 mo. USD Term SOFR + 3.75%	)	12/16/2027		$	19,400		19,283
Thermostat Purchaser III, Inc. Term Loan	9.453% (3 mo. USD LIBOR + 4.50%	)	8/31/2028			13,792		13,309
Total								32,592
Building Materials 0.09%
Zurn Holdings, Inc. 2021 Term Loan B	7.025% (1 mo. USD LIBOR + 2.00%	)	10/4/2028			16,827		16,838
Electric: Generation 0.16%
ExGen Renewables IV LLC 2020 Term Loan	7.46% (3 mo. USD LIBOR + 2.50%	)	12/15/2027			29,519		29,436

See Notes to Schedule of Investments. 7

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Energy: Alternate Sources 0.15%
TerraForm Power Operating LLC 2023 Term Loan B	7.498% (3 mo. USD Term SOFR + 2.50%	)	5/21/2029	$	27,780	$	27,511
Environmental 0.27%
Bingo Industries Ltd. Term Loan (Australia)(a)	8.66% (3 mo. USD Term SOFR + 3.76%	)	7/14/2028		29,550		27,334
EWT Holdings III Corp. 2021 Term Loan	7.347% (1 mo. USD Term SOFR + 2.25%	)	4/1/2028		24,377		24,301
Total							51,635
Integrated Energy 0.10%
Esdec Solar Group BV Term Loan B (Netherlands)(a)	9.96% (3 mo. USD LIBOR + 4.75%	)	8/30/2028		19,100		18,957
Machinery 0.16%
Array Technologies, Inc. Term Loan B	8.172% (3 mo. USD LIBOR + 3.25%	)	10/14/2027		30,891		30,660	(e)
Total Floating Rate Loans (cost $210,013)							207,629
FOREIGN GOVERNMENT OBLIGATIONS 18.74%
Canada 0.31%
Province of Ontario(b)	1.55%		11/1/2029	CAD	89,000		58,682
Finland 0.52%
Nordic Investment Bank(b)	Zero Coupon		4/30/2027	EUR	100,000		98,077
France 3.38%
Action Logement Services(b)	0.50%		10/30/2034	EUR	200,000		160,031
French Republic Government Bonds OAT†(b)	0.50%		6/25/2044	EUR	95,000		61,899
French Republic Government Bonds OAT†(b)	1.75%		6/25/2039	EUR	100,000		91,124
SNCF Reseau(b)	0.75%		5/25/2036	EUR	100,000		79,177
Societe Du Grand Paris EPIC(b)	0.30%		9/2/2036	EUR	100,000		72,847
Societe Du Grand Paris EPIC(b)	1.125%		5/25/2034	EUR	200,000		174,597
Total							639,675
Germany 3.57%
Bundesrepublik Deutschland Bundesanleihe(b)	Zero Coupon		8/15/2030	EUR	253,315		237,934
Bundesrepublik Deutschland Bundesanleihe(b)	Zero Coupon		8/15/2031	EUR	127,000		116,590
Bundesrepublik Deutschland Bundesanleihe(b)	Zero Coupon		8/15/2050	EUR	404,309		238,728
Bundesrepublik Deutschland Bundesanleihe(b)	Zero Coupon		8/15/2052	EUR	145,000		81,139
Total							674,391

8 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Hong Kong 1.09%
Hong Kong Government International Bonds†(a)	4.50%		1/11/2028	$	200,000	$	205,643
Italy 0.26%
Italy Buoni Poliennali Del Tesoro†(b)	1.50%		4/30/2045	EUR	74,000		48,793
Japan 3.03%
Development Bank of Japan, Inc.(a)	4.375%		9/22/2025	$	200,000		200,014
Japan Bank for International Cooperation(a)	1.625%		1/20/2027		200,000		183,323
Japan Finance Organization for Municipalities(b)	0.01%		2/2/2028	EUR	200,000		188,628
Total							571,965
Netherlands 2.04%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV(b)	3.00%		10/25/2027	EUR	200,000		220,741
Nederlandse Waterschapsbank NV(a)	1.00%		5/28/2030	$	200,000		165,702
Total							386,443
Norway 1.02%
Kommunalbanken AS(a)	2.125%		2/11/2025		200,000		192,450
South Korea 1.00%
Industrial Bank of Korea†(a)	0.625%		9/17/2024		200,000		189,009
Spain 1.07%
Adif Alta Velocidad(b)	0.55%		4/30/2030	EUR	100,000		90,086
Autonomous Community of Madrid(b)	0.419%		4/30/2030	EUR	75,000		67,638
Spain Government Bonds†(b)	1.00%		7/30/2042	EUR	66,000		45,399
Total							203,123
Sweden 1.45%
Kommuninvest I Sverige AB(a)	0.375%		6/19/2024	$	200,000		190,514
Sweden Government International Bonds(b)	0.125%		9/9/2030	SEK	1,000,000		83,399
Total							273,913
Total Foreign Government Obligations (cost $3,873,899)							3,542,164
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATIONS 0.49%
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Class A2 (Cost $89,919)	3.123%	#(f)	8/25/2032	$	100,000		92,085

See Notes to Schedule of Investments. 9

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
MUNICIPAL BONDS 3.02%
Government Guaranteed 0.08%
Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue TN	2.611%		7/1/2036	$	20,000	$	15,965
Revenue - Utilities - Other 0.22%
City of Corpus Christi Utility System Revenue TX	1.966%		7/15/2030		50,000		42,449
Sales Tax 0.34%
Dallas Area Rapid Transit TX	2.534%		12/1/2036		80,000		63,467
Tax Revenue 0.10%
Regional Transportation District Sales Tax Revenue CO	2.337%		11/1/2036		25,000		19,571
Taxable Revenue - Water & Sewer 2.05%
City of Aurora Water Revenue CO	2.348%		8/1/2036		30,000		23,645
City of Dallas Waterworks & Sewer System Revenue TX	2.772%		10/1/2040		75,000		57,770
City of Los Angeles Wastewater System Revenue CA	5.713%		6/1/2039		50,000		54,733
City of Philadelphia Water & Wastewater Revenue PA	1.734%		11/1/2028		40,000		34,953
City of San Francisco Public Utilities Commission Water Revenue CA	6.00%		11/1/2040		100,000		112,112
New York City Municipal Water Finance Authority NY	5.75%		6/15/2041		50,000		56,890
San Diego County Water Authority CA	1.951%		5/1/2034		60,000		46,553
Total							386,656
Transportation 0.23%
Metropolitan Transportation Authority NY	5.175%		11/15/2049		45,000		42,743
Total Municipal Bonds (cost $711,002)							570,851
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 1.19%
JPMorgan Chase Commercial Mortgage Securities Trust Series 2021-1440 Class B†	6.698% (1 mo. USD LIBOR + 1.75%	)#	3/15/2036		110,000		96,513
NYO Commercial Mortgage Trust Series 2021-1290 Class A†	6.043% (1 mo. USD LIBOR + 1.10%	)#	11/15/2038		50,000		45,792
One Bryant Park Trust Series 2019-OBP Class A†	2.516%		9/15/2054		100,000		83,216
Total Non-Agency Commercial Mortgage-Backed Securities (cost $261,847)							225,521

10 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
U.S. TREASURY OBLIGATIONS 0.91%
U.S. Treasury Inflation-Indexed Bonds(g) (cost $178,411)	1.50%	2/15/2053	$	172,020	$	171,972
Total Long-Term Investments (cost $19,900,605)						18,346,732
SHORT-TERM INVESTMENTS 2.80%
Repurchase Agreements 2.80%
Repurchase Agreement dated 4/28/2023, 2.400% due 5/1/2023 with Fixed Income Clearing Corp. collateralized by $497,800 of U.S Treasury Bond at 4.250% due 11/15/2040; value: $540,267; proceeds: $529,753 (cost $529,647)				529,647		529,647
Total Investments in Securities 99.89% (cost $20,430,252)						18,876,379
Other Assets and Liabilities – Net(h) 0.11%						21,005
Net Assets 100.00%					$	18,897,384

CAD	Canadian Dollar.
EUR	Euro.
GBP	British Pound.
SEK	Swedish Krona.
CMT	Constant Maturity Rate.
EURIBOR	Euro Interbank Offered Rate.
ICE	Intercontinental Exchange.
LIBOR	London Interbank Offered Rate.
REITS	Real Estate Investment Trusts.
SOFR	Secured Overnight Financing Rate.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2023, the total value of Rule 144A securities was $4,108,503, which represents 21.74% of net assets.
#	Variable rate security. The interest rate represents the rate in effect at April 30, 2023.
(a)	Foreign security traded in U.S. dollars.
(b)	Investment in non-U.S. dollar denominated securities.
(c)	Security is perpetual in nature and has no stated maturity.
(d)	Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at April 30, 2023.
(e)	Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Floating Rate Loan fair valued by the Pricing Committee. Accounting principles generally accepted in the United States of America do not require the Fund to create quantitative unobservable inputs that were not developed by the Fund. Therefore, the Fund does not have access to unobservable inputs and cannot disclose such inputs in the valuation.
(f)	Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool.
(g)	Treasury Inflation Protected Security. A U.S. Treasury Note or Bond that offers protection from inflation by paying a fixed rate of interest on principal amount that is adjusted for inflation based on the Consumer Price Index.
(h)	Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts and futures contracts as follows:

See Notes to Schedule of Investments. 11

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2023

Forward Foreign Currency Exchange Contracts at April 30, 2023:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
British pound	Buy	State Street Bank and Trust	6/8/2023	89,000	$	108,551	$	111,938		$	3,387
Euro	Buy	Bank of America	6/13/2023	53,000		56,391		58,538			2,147
Euro	Buy	State Street Bank and Trust	6/13/2023	35,000		37,824		38,657			833
Euro	Buy	Toronto Dominion Bank	6/13/2023	65,000		69,460		71,792			2,332
Swedish krona	Buy	Morgan Stanley	5/5/2023	908,000		87,190		88,550			1,360
Canadian dollar	Sell	State Street Bank and Trust	7/20/2023	80,000		59,543		59,139			404
Euro	Sell	Morgan Stanley	6/13/2023	41,000		45,435		45,284			151
Swedish krona	Sell	Bank of America	5/5/2023	3,744,000		365,217		365,125			92
Total Unrealized Appreciation on Forward Foreign Currency Exchange Contracts										$	10,706
Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
British pound	Sell	Morgan Stanley	6/8/2023	533,000	$	641,795	$	670,368		$	(28,573	)
Euro	Sell	Bank of America	6/13/2023	112,000		119,481		123,702			(4,221	)
Euro	Sell	Bank of America	6/13/2023	100,000		106,674		110,449			(3,775	)
Euro	Sell	Bank of America	6/13/2023	49,000		52,730		54,120			(1,390	)
Euro	Sell	Bank of America	6/13/2023	55,000		60,168		60,747			(579	)
Euro	Sell	Morgan Stanley	6/13/2023	56,000		60,400		61,851			(1,451	)
Euro	Sell	Morgan Stanley	6/13/2023	98,000		107,924		108,240			(316	)
Euro	Sell	State Street Bank and Trust	6/13/2023	6,252,000		6,651,628		6,905,250			(253,622	)
Euro	Sell	State Street Bank and Trust	6/13/2023	83,000		88,557		91,672			(3,115	)
Euro	Sell	State Street Bank and Trust	6/13/2023	194,000		211,089		214,270			(3,181	)
Euro	Sell	State Street Bank and Trust	6/13/2023	257,000		281,419		283,853			(2,434	)
Euro	Sell	State Street Bank and Trust	6/13/2023	37,000		40,860		40,866			(6	)
Total Unrealized Depreciation on Forward Foreign Currency Exchange Contracts										$	(302,663	)

12 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

CLIMATE FOCUSED BOND FUND April 30, 2023

Futures Contracts at April 30, 2023:

Type	Expiration	Contracts	Position	Notional Amount			Notional Value			Unrealized Appreciation
Euro-Bobl	June 2023	7	Long	EUR	806,690		EUR	825,790			$	21,046
Euro-Bund	June 2023	11	Long		1,479,676			1,491,160				12,655
Euro-Buxl	June 2023	2	Long		263,643			279,000				16,922
U.S. Ultra Long Bond	June 2023	2	Long	$	269,070		$	282,812				13,742
Total Unrealized Appreciation on Futures Contracts											$	64,365
Type	Expiration	Contracts	Position	Notional Amount			Notional Value			Unrealized Depreciation
U.S. 10-Year Ultra Long Bond	June 2023	4	Short	$	(468,337	)	$	(485,813	)		$	(17,476	)
U.S. 5-Year Treasury Note	June 2023	16	Short		(1,736,945	)		(1,755,875	)			(18,930	)
U.S. Long Bond	June 2023	2	Short		(258,203	)		(263,312	)			(5,109	)
Total Unrealized Depreciation on Futures Contracts											$	(41,515	)

The following is a summary of the inputs used as of April 30, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1			Level 2			Level 3		Total
Long-Term Investments
Asset-Backed Securities	$	–		$	97,284		$	–	$	97,284
Convertible Bonds		–			86,380			–		86,380
Corporate Bonds		–			13,352,846			–		13,352,846
Floating Rate Loans
Machinery		–			–			30,660		30,660
Remaining Industries		–			176,969			–		176,969
Foreign Government Obligations		–			3,542,164			–		3,542,164
Government Sponsored Enterprises Collateralized Mortgage Obligations		–			92,085			–		92,085
Municipal Bonds		–			570,851			–		570,851
Non-Agency Commercial Mortgage-Backed Securities		–			225,521			–		225,521
U.S. Treasury Obligations		–			171,972			–		171,972
Short-Term Investments
Repurchase Agreements		–			529,647			–		529,647
Total	$	–		$	18,845,719		$	30,660	$	18,876,379
Other Financial Instruments
Forward Foreign Currency Exchange Contracts
Assets	$	–		$	10,706		$	–	$	10,706
Liabilities		–			(302,663	)		–		(302,663	)
Futures Contracts
Assets		64,365			–			–		64,365
Liabilities		(41,515	)		–			–		(41,515	)
Total	$	22,850		$	(291,957	)	$	–	$	(269,107	)

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.

See Notes to Schedule of Investments. 13

Schedule of Investments (unaudited)

EMERGING MARKETS EQUITY FUND April 30, 2023

			U.S. $
Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 94.16%
COMMON STOCKS 93.32%
Australia 1.40%
Metals & Mining
BHP Group Ltd.		2,185	$	64,845
Austria 0.73%
Banks
Erste Group Bank AG		936		34,032
Brazil 4.09%
Broadline Retail 0.96%
MercadoLibre, Inc.*		35		44,712
Insurance 2.01%
BB Seguridade Participacoes SA		13,563		93,297
Metals & Mining 0.58%
Vale SA		1,843		26,752
Pharmaceuticals 0.54%
Hypera SA		3,367		25,146
Total Brazil				189,907
Canada 0.44%
Metals & Mining
Capstone Copper Corp.*		4,305		20,241
China 26.55%
Automobiles 1.84%
BYD Co. Ltd. Class H		2,814		85,338
Banks 3.52%
China Construction Bank Corp. Class H		141,228		94,414
Industrial & Commercial Bank of China Ltd. Class H		127,575		68,636
				163,050
Beverages 3.23%
China Resources Beer Holdings Co. Ltd.		6,050		46,735
Kweichow Moutai Co. Ltd. Class A		300		76,368

			U.S. $
Investments	Shares		Fair Value
China (continued)
Wuliangye Yibin Co. Ltd. Class A		1,100	$	26,875
				149,978
Broadline Retail 3.24%
Alibaba Group Holding Ltd.*		10,275		108,644
JD.com, Inc. Class A		997		17,794
PDD Holdings, Inc. ADR*		351		23,921
				150,359
Electrical Equipment 0.94%
NARI Technology Co. Ltd. Class A		11,500		43,470
Electronic Equipment, Instruments & Components 0.23%
Sunny Optical Technology Group Co. Ltd.		1,026		10,842
Entertainment 1.04%
NetEase, Inc.		2,706		48,173
Gas Utilities 0.81%
ENN Energy Holdings Ltd.		2,754		37,762
Hotels, Restaurants & Leisure 1.84%
Meituan Class B†*		1,613		27,567
Yum China Holdings, Inc.		946		57,894
				85,461
Insurance 1.72%
Ping An Insurance Group Co. of China Ltd. Class H		10,949		79,879
Interactive Media & Services 5.12%
Kanzhun Ltd. ADR*		1,247		23,057
Tencent Holdings Ltd.		4,826		214,352
				237,409
Machinery 0.67%
Sinotruk Hong Kong Ltd.		20,179		30,838
Real Estate Management & Development 0.43%
KE Holdings, Inc. ADR*		1,259		19,754
Specialty Retail 0.46%
Topsports International Holdings Ltd.†		24,107		21,490

14 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS EQUITY FUND April 30, 2023

			U.S. $
Investments	Shares		Fair Value
China (continued)
Textiles, Apparel & Luxury Goods 1.46%
ANTA Sports Products Ltd.		5,457	$	67,810
Total China				1,231,613
France 1.61%
Oil, Gas & Consumable Fuels 0.53%
TotalEnergies SE		389		24,857
Textiles, Apparel & Luxury Goods 1.08%
LVMH Moet Hennessy Louis Vuitton SE		52		50,018
Total France				74,875
Germany 0.85%
Semiconductors & Semiconductor Equipment
Infineon Technologies AG		1,080		39,330
Hong Kong 2.04%
Capital Markets 0.56%
Hong Kong Exchanges & Clearing Ltd.		625		25,948
Insurance 1.48%
AIA Group Ltd.		6,292		68,502
Total Hong Kong				94,450
India 18.21%
Automobiles 0.98%
Maruti Suzuki India Ltd.		432		45,499
Banks 5.50%
Axis Bank Ltd.		7,185		75,844
Federal Bank Ltd.		23,738		39,322
HDFC Bank Ltd.		2,008		41,516
ICICI Bank Ltd. ADR		4,322		98,326
				255,008
Chemicals 0.82%
Asian Paints Ltd.		1,066		37,937
Electric: Utilities 1.34%
Power Grid Corp. of India Ltd.		21,381		62,172
Health Care Providers & Services 0.50%
Max Healthcare Institute Ltd.*		4,172		23,116

			U.S. $
Investments	Shares		Fair Value
India (continued)
Information Technology Services 0.41%
Infosys Ltd. ADR		1,233	$	19,161
Oil, Gas & Consumable Fuels 1.90%
Reliance Industries Ltd.		2,963		87,993
Personal Care Products 1.78%
Hindustan Unilever Ltd.		2,750		82,774
Pharmaceuticals 1.29%
Torrent Pharmaceuticals Ltd.		2,963		59,985
Real Estate Management & Development 0.55%
Phoenix Mills Ltd.		1,449		25,673
Software 0.53%
KPIT Technologies Ltd.		2,165		24,399
Tobacco 1.24%
ITC Ltd.		11,053		57,639
Wireless Telecommunication Services 1.37%
Bharti Airtel Ltd.		6,506		63,689
Total India				845,045
Indonesia 3.58%
Banks 1.78%
Bank Negara Indonesia Persero Tbk PT		128,305		82,686
Diversified Telecommunication Services 1.27%
Telkom Indonesia Persero Tbk PT		203,438		58,925
Real Estate Management & Development 0.53%
Pakuwon Jati Tbk PT		734,227		24,356
Total Indonesia				165,967
Macau 1.48%
Hotels, Restaurants & Leisure
Galaxy Entertainment Group Ltd.*		4,783		34,042
Sands China Ltd.*		9,675		34,650
				68,692
Mexico 4.66%
Banks 1.12%
Grupo Financiero Banorte SAB de CV Class O		6,035		52,188

See Notes to Schedule of Investments. 15

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS EQUITY FUND April 30, 2023

			U.S. $
Investments	Shares		Fair Value
Mexico (continued)
Capital Markets 0.62%
Bolsa Mexicana de Valores SAB de CV		12,904	$	28,529
Consumer Staples Distribution & Retail 1.32%
Wal-Mart de Mexico SAB de CV		15,234		61,421
Transportation Infrastructure 1.60%
Grupo Aeroportuario del Pacifico SAB de CV Class B		4,174		74,263
Total Mexico				216,401
Netherlands 2.50%
Oil, Gas & Consumable Fuels 1.98%
Shell PLC		2,986		91,754
Semiconductors & Semiconductor Equipment 0.52%
BE Semiconductor Industries NV		268		24,124
Total Netherlands				115,878
Peru 1.00%
Banks
Credicorp Ltd.		262		35,496
Intercorp Financial Services, Inc.		491		10,984
				46,480
Philippines 0.83%
Banks
BDO Unibank, Inc.		14,682		38,269
Saudi Arabia 0.77%
Banks
Saudi British Bank		3,702		35,942
South Africa 0.30%
Metals & Mining
Anglo American PLC		450		13,866
South Korea 11.84%
Aerospace & Defense 0.51%
LIG Nex1 Co. Ltd.		401		23,510
Chemicals 1.64%
LG Chem Ltd.		137		76,101

			U.S. $
Investments	Shares		Fair Value
South Korea (continued)
Electrical Equipment 0.60%
LG Energy Solution Ltd.*		64	$	27,893
Food Products 1.04%
Orion Corp.		443		48,028
Life Sciences Tools & Services 1.12%
Samsung Biologics Co. Ltd.†*		89		52,052
Semiconductors & Semiconductor Equipment 1.03%
SK Hynix, Inc.		712		47,906
Technology Hardware, Storage & Peripherals 5.90%
Samsung Electronics Co. Ltd.		5,564		273,772
Total South Korea				549,262
Switzerland 0.50%
Textiles, Apparel & Luxury Goods
Cie Financiere Richemont SA Class A		141		23,307
Taiwan 9.39%
Electrical Equipment 0.50%
Voltronic Power Technology Corp.		400		23,000
Electronic Equipment, Instruments & Components 0.85%
Largan Precision Co. Ltd.		200		13,132
Lotes Co. Ltd.		923		26,467
				39,599
Semiconductors & Semiconductor Equipment 8.04%
Realtek Semiconductor Corp.		1,900		22,281
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		289		24,363
Taiwan Semiconductor Manufacturing Co. Ltd.		19,922		326,234
				372,878
Total Taiwan				435,477
United Arab Emirates 0.55%
Banks
Abu Dhabi Commercial Bank PJSC		10,544		25,334
Total Common Stocks (cost $4,278,781)				4,329,213

16 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

EMERGING MARKETS EQUITY FUND April 30, 2023

			U.S. $
Investments	Shares		Fair Value
PREFERRED STOCKS 0.84%
Brazil 0.84%
Banks
Banco Bradesco SA (cost $51,206)		14,081	$	39,100
Total Investments in Securities 94.16% (cost $4,329,987)			$	4,368,313
Other Assets and Liabilities – Net 5.84%				271,033
Net Assets 100.00%			$	4,639,346

ADR	American Depositary Receipt.
*	Non-income producing security.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2023, the total value of Rule 144A securities was $101,109, which represents 2.18% of net assets.

The following is a summary of the inputs used as of April 30, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Brazil	$	189,907	$	–	$	–	$	189,907
Canada		20,241		–		–		20,241
China		66,732		1,164,881		–		1,231,613
India		140,603		704,442		–		845,045
Mexico		216,401		–		–		216,401
Peru		46,480		–		–		46,480
Taiwan		24,363		411,114		–		435,477
Remaining Countries		–		1,344,049		–		1,344,049
Preferred Stocks		39,100		–		–		39,100
Total	$	743,827	$	3,624,486	$	–	$	4,368,313

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 17

Schedule of Investments (unaudited)

INTERNATIONAL GROWTH FUND April 30, 2023

			U.S. $
Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 95.08%
COMMON STOCKS 95.08%
Australia 3.00%
Hotels, Restaurants & Leisure 0.77%
Flutter Entertainment PLC*		100	$	20,040
Metals & Mining 0.99%
BHP Group Ltd.		865		25,671
Software 1.24%
WiseTech Global Ltd.		698		31,972
Total Australia				77,683
Brazil 1.18%
Broadline Retail
MercadoLibre, Inc.*		24		30,660
Canada 2.31%
Ground Transportation 0.96%
Canadian Pacific Kansas City Ltd.		316		24,910
Information Technology Services 1.35%
Shopify, Inc. Class A*		721		34,932
Total Canada				59,842
China 5.20%
Automobiles 0.85%
BYD Co. Ltd. Class H		724		21,956
Beverages 1.45%
China Resources Beer Holdings Co. Ltd.		2,646		20,440
Wuliangye Yibin Co. Ltd. Class A		700		17,102
				37,542
Broadline Retail 0.60%
Alibaba Group Holding Ltd.*		1,486		15,712
Interactive Media & Services 2.30%
Tencent Holdings Ltd.		1,340		59,518
Total China				134,728
Denmark 5.06%
Air Freight & Logistics 1.04%
DSV AS		143		26,913

			U.S. $
Investments	Shares		Fair Value
Denmark (continued)
Pharmaceuticals 4.02%
Novo Nordisk AS Class B		626	$	104,138
Total Denmark				131,051
Egypt 0.52%
Oil, Gas & Consumable Fuels
Energean PLC		870		13,536
Finland 0.52%
Machinery
Kone Oyj Class B		237		13,521
France 13.54%
Aerospace & Defense 0.95%
Airbus SE		176		24,646
Beverages 1.57%
Pernod Ricard SA		176		40,647
Chemicals 1.62%
Air Liquide SA		234		42,095
Hotels, Restaurants & Leisure 1.06%
Accor SA*		776		27,530
Personal Care Products 2.38%
L’Oreal SA		129		61,651
Software 0.39%
Dassault Systemes SE		249		10,108
Textiles, Apparel & Luxury Goods 5.57%
Hermes International		20		43,421
LVMH Moet Hennessy Louis Vuitton SE		105		100,998
				144,419
Total France				351,096
Germany 4.51%
Insurance 1.28%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen*		88		33,073
Life Sciences Tools & Services 1.17%
Gerresheimer AG		278		30,293

18 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL GROWTH FUND April 30, 2023

			U.S. $
Investments	Shares		Fair Value
Germany (continued)
Semiconductors & Semiconductor Equipment 0.86%
Infineon Technologies AG		616	$	22,433
Software 1.20%
SAP SE		230		31,122
Total Germany				116,921
Hong Kong 2.50%
Insurance
AIA Group Ltd.		4,315		46,978
Prudential PLC		1,163		17,795
				64,773
India 4.44%
Automobiles 0.60%
Maruti Suzuki India Ltd.		148		15,587
Banks 1.46%
Axis Bank Ltd.		1,150		12,140
ICICI Bank Ltd. ADR		1,131		25,730
				37,870
Oil, Gas & Consumable Fuels 0.62%
Reliance Industries Ltd.		541		16,066
Personal Care Products 0.84%
Hindustan Unilever Ltd.		721		21,702
Wireless Telecommunication Services 0.92%
Bharti Airtel Ltd.		2,432		23,808
Total India				115,033
Indonesia 0.83%
Banks
Bank Negara Indonesia Persero Tbk PT		33,250		21,428
Ireland 0.56%
Banks
Bank of Ireland Group PLC		1,415		14,635
Japan 9.87%
Electrical Equipment 0.58%
Fuji Electric Co. Ltd.		372		15,016
Electronic Equipment, Instruments & Components 1.58%
Keyence Corp.		91		41,037

			U.S. $
Investments	Shares		Fair Value
Japan (continued)
Health Care Equipment & Supplies 0.80%
Hoya Corp.		198	$	20,761
Household Durables 2.15%
Sony Group Corp.		615		55,642
Information Technology Services 0.59%
Obic Co. Ltd.		100		15,408
Machinery 0.70%
Ebara Corp.		417		18,244
Personal Care Products 0.83%
Shiseido Co. Ltd.		430		21,554
Pharmaceuticals 1.63%
Daiichi Sankyo Co. Ltd.		1,231		42,241
Trading Companies & Distributors 1.01%
ITOCHU Corp.		785		26,042
Total Japan				255,945
Macau 0.55%
Hotels, Restaurants & Leisure
Galaxy Entertainment Group Ltd.*		2,000		14,235
Mexico 0.67%
Banks
Grupo Financiero Banorte SAB de CV Class O		2,000		17,295
Netherlands 7.12%
Beverages 1.49%
Heineken NV		337		38,696
Financial Services 0.75%
Adyen NV†*		12		19,282
Professional Services 1.12%
Wolters Kluwer NV		219		29,016
Semiconductors & Semiconductor Equipment 3.76%
ASML Holding NV		131		83,135
BE Semiconductor Industries NV		159		14,312
				97,447
Total Netherlands				184,441

See Notes to Schedule of Investments. 19

Schedule of Investments (unaudited)(continued)

INTERNATIONAL GROWTH FUND April 30, 2023

			U.S. $
Investments	Shares		Fair Value
Singapore 1.18%
Semiconductors & Semiconductor Equipment
STMicroelectronics NV		717	$	30,671
South Korea 1.77%
Electrical Equipment 0.72%
LG Energy Solution Ltd.*		43		18,741
Technology Hardware, Storage & Peripherals 1.05%
Samsung Electronics Co. Ltd.		553		27,210
Total South Korea				45,951
Spain 1.31%
Specialty Retail
Industria de Diseno Textil SA		986		33,895
Sweden 2.24%
Machinery
Atlas Copco AB Class A		2,352		34,020
Epiroc AB Class A		1,207		24,180
				58,200
Switzerland 6.62%
Chemicals 1.08%
Sika AG Registered Shares		101		27,898
Health Care Equipment & Supplies 2.31%
Alcon, Inc.		437		31,821
Straumann Holding AG		186		27,984
				59,805
Life Sciences Tools & Services 1.48%
Bachem Holding AG Class B		180		19,663
Lonza Group AG Registered Shares		30		18,709
				38,372
Textiles, Apparel & Luxury Goods 1.75%
Cie Financiere Richemont SA Class A		275		45,458
Total Switzerland				171,533
Taiwan 4.23%
Semiconductors & Semiconductor Equipment
Realtek Semiconductor Corp.		750		8,795
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		403		33,973

			U.S. $
Investments	Shares		Fair Value
Taiwan (continued)
Taiwan Semiconductor Manufacturing Co. Ltd.		4,078	$	66,780
				109,548
United Kingdom 6.40%
Capital Markets 0.81%
London Stock Exchange Group PLC		199		20,894
Commercial Services & Supplies 1.22%
Rentokil Initial PLC		3,955		31,487
Personal Care Products 0.80%
Unilever PLC		374		20,825
Pharmaceuticals 2.64%
AstraZeneca PLC		465		68,431
Trading Companies & Distributors 0.93%
Ashtead Group PLC		420		24,215
Total United Kingdom				165,852
United States 8.95%
Chemicals 1.27%
Linde PLC		89		32,881
Electrical Equipment 1.85%
Schneider Electric SE		275		47,958
Food Products 3.43%
Nestle SA Registered Shares		694		89,033
Pharmaceuticals 1.30%
Eli Lilly & Co.		85		33,648
Wireless Telecommunication Services 1.10%
T-Mobile U.S., Inc.*		198		28,492
Total United States				232,012
Total Common Stocks 95.08% (cost $2,281,072)				2,464,485
Other Assets and Liabilities – Net 4.92%				127,393
Net Assets 100.00%			$	2,591,878

ADR	American Depositary Receipt.
*	Non-income producing security.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2023, the total value of Rule 144A securities was $19,282, which represents 0.74% of net assets.

20 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL GROWTH FUND April 30, 2023

The following is a summary of the inputs used as of April 30, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Brazil	$	30,660	$	–	$	–	$	30,660
Canada		59,842		–		–		59,842
Egypt		13,536		–		–		13,536
India		25,730		89,303		–		115,033
Mexico		17,295		–		–		17,295
Taiwan		33,973		75,575		–		109,548
United States		95,021		136,991		–		232,012
Remaining Countries		–		1,886,559		–		1,886,559
Total	$	276,057	$	2,188,428	$	–	$	2,464,485

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 21

Schedule of Investments (unaudited)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
LONG-TERM INVESTMENTS 100.78%
ASSET-BACKED SECURITIES 2.51%
Automobiles 0.25%
Flagship Credit Auto Trust Series 2023-2 Class E†	10.89%		7/15/2030	$	1,750,000	$	1,750,001	(a)
Other 2.26%
Affirm Asset Securitization Trust Series 2023-A Class 1B†	7.18%		1/18/2028		2,125,000		2,096,412
Anchorage Capital CLO Ltd. Series 2014-4RA Class C†	7.123% (3 mo. USD LIBOR + 1.85%	)#	1/28/2031		2,000,000		1,892,356
Carlyle U.S. CLO Ltd. Series 2021-7A Class C†	8.36% (3 mo. USD LIBOR + 3.10%	)#	10/15/2035		1,700,000		1,571,719
CIFC Funding Ltd. Series 2020-1A Class DR†	8.36% (3 mo. USD LIBOR + 3.10%	)#	7/15/2036		1,500,000		1,368,264
Lendmark Funding Trust Series 2022-1A Class B†	5.62%		7/20/2032		300,000		295,276
Madison Park Funding XLV Ltd. Series 2020-45A Class DR†	8.41% (3 mo. USD LIBOR + 3.15%	)#	7/15/2034		1,000,000		930,480
Madison Park Funding XXV Ltd. Series 2017-25A Class CR†	8.605% (3 mo. USD LIBOR + 3.35%	)#	4/25/2029		1,490,000		1,429,935
Madison Park Funding XXV Ltd. Series 2018-31A Class D†	8.273% (3 mo. USD LIBOR + 3.00%	)#	1/23/2031		1,700,000		1,619,195
SEB Funding LLC Series 2021-1A Class A2†	4.969%		1/30/2052		997,500		885,545
Sierra Timeshare Receivables Funding LLC Series 2023-1A Class D†	9.80%		1/20/2040		2,581,259		2,598,134
THL Credit Wind River CLO Ltd. Series 2019-3A Class CR†	7.46% (3 mo. USD LIBOR + 2.20%	)#	4/15/2031		1,000,000		950,318
Total							15,637,634
Total Asset-Backed Securities (cost $17,481,026)							17,387,635
CONVERTIBLE BONDS 1.12%
Auto Parts & Equipment 0.06%
indie Semiconductor, Inc.†	4.50%		11/15/2027		351,000		413,654

22 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Biotechnology 0.10%
Apellis Pharmaceuticals, Inc.	3.50%	9/15/2026	$	302,000	$	665,155
Health Care-Products 0.08%
Natera, Inc.	2.25%	5/1/2027		393,000		590,679
Internet 0.38%
Booking Holdings, Inc.	0.75%	5/1/2025		385,000		575,764
Palo Alto Networks, Inc.	0.375%	6/1/2025		413,000		764,876
Wix.com Ltd. (Israel)(b)	Zero Coupon	7/1/2023		1,300,000		1,282,391
Total						2,623,031
Lodging 0.07%
H World Group Ltd. (China)(b)	3.00%	5/1/2026		370,000		478,225
Media 0.07%
Liberty Media Corp.-Liberty Formula One†	2.25%	8/15/2027		447,000		475,831
Pharmaceuticals 0.09%
Dexcom, Inc.	0.25%	11/15/2025		604,000		662,122
Retail 0.04%
Guess?, Inc.	2.00%	4/15/2024		300,000		301,200
Software 0.15%
HubSpot, Inc.	0.375%	6/1/2025		671,000		1,043,740
Telecommunications 0.08%
GDS Holdings Ltd. (China)(b)	2.00%	6/1/2025		553,000		548,576
Total Convertible Bonds (cost $7,806,141)						7,802,213
CORPORATE BONDS 83.88%
Aerospace/Defense 2.61%
Bombardier, Inc. (Canada)†(b)	6.00%	2/15/2028		595,000		564,978
Bombardier, Inc. (Canada)†(b)	7.50%	2/1/2029		1,000,000		984,631
Bombardier, Inc. (Canada)†(b)	7.875%	4/15/2027		3,850,000		3,843,111
Moog, Inc.†	4.25%	12/15/2027		257,000		242,017
Rolls-Royce PLC (United Kingdom)†(b)	3.625%	10/14/2025		750,000		712,500
Rolls-Royce PLC (United Kingdom)†(b)	5.75%	10/15/2027		2,304,000		2,301,787
Spirit AeroSystems, Inc.†	7.50%	4/15/2025		1,440,000		1,432,652
Spirit AeroSystems, Inc.†	9.375%	11/30/2029		604,000		650,001
TransDigm, Inc.	5.50%	11/15/2027		3,877,000		3,726,809
TransDigm, Inc.†	6.75%	8/15/2028		1,684,000		1,712,276

See Notes to Schedule of Investments. 23

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Aerospace/Defense (continued)
Triumph Group, Inc.	7.75%	8/15/2025	$	486,000	$	452,721
Triumph Group, Inc.†	9.00%	3/15/2028		1,408,000		1,429,078
Total						18,052,561
Agriculture 0.70%
Imperial Brands Finance PLC (United Kingdom)†(b)	6.125%	7/27/2027		625,000		646,207
Kernel Holding SA (Ukraine)†(b)	6.50%	10/17/2024		2,304,000		1,480,320
MHP SE (Ukraine)†(b)	7.75%	5/10/2024		800,000		476,480
Vector Group Ltd.†	10.50%	11/1/2026		925,000		932,525
Viterra Finance BV (Netherlands)†(b)	2.00%	4/21/2026		1,500,000		1,341,967
Total						4,877,499
Airlines 2.56%
Air Canada (Canada)†(b)	3.875%	8/15/2026		1,518,000		1,407,092
Allegiant Travel Co.†	7.25%	8/15/2027		2,038,000		2,014,768
American Airlines Group, Inc.†	3.75%	3/1/2025		323,000		304,560
American Airlines, Inc.†	7.25%	2/15/2028		306,000		297,901
American Airlines, Inc.†	11.75%	7/15/2025		4,079,000		4,492,016
American Airlines, Inc./AAdvantage Loyalty IP Ltd.†	5.50%	4/20/2026		1,541,000		1,515,025
Delta Air Lines, Inc.	4.375%	4/19/2028		855,000		806,846
Delta Air Lines, Inc.†	7.00%	5/1/2025		215,000		221,879
Finnair Oyj(c)	4.25%	5/19/2025	EUR	433,000		430,663
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.†	5.75%	1/20/2026	$	1,531,817		1,428,525
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. (Cayman Islands)†(b)	8.00%	9/20/2025		1,700,000		1,717,313
Transportes Aereos Portugueses SA(c)	5.625%	12/2/2024	EUR	1,000,000		1,078,239
United Airlines, Inc.†	4.375%	4/15/2026	$	1,190,000		1,137,907
United Airlines, Inc.†	4.625%	4/15/2029		1,000,000		906,077
Total						17,758,811
Apparel 0.07%
William Carter Co.†	5.625%	3/15/2027		505,000		499,357
Auto Manufacturers 2.97%
Allison Transmission, Inc.†	4.75%	10/1/2027		710,000		677,542
Aston Martin Capital Holdings Ltd. (Jersey)†(b)	10.50%	11/30/2025		1,153,000		1,134,288
Ford Motor Co.	6.625%	10/1/2028		360,000		366,932
Ford Motor Credit Co. LLC(c)	3.25%	9/15/2025	EUR	1,940,000		2,049,755

24 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Auto Manufacturers (continued)
Ford Motor Credit Co. LLC	3.37%		11/17/2023		$	599,000	$	589,612
Ford Motor Credit Co. LLC	3.815%		11/2/2027			1,550,000		1,392,172
Ford Motor Credit Co. LLC	5.584%		3/18/2024			2,000,000		1,990,530
Ford Motor Credit Co. LLC	6.80%		5/12/2028			2,000,000		2,002,996
Ford Motor Credit Co. LLC	7.35%		11/4/2027			8,895,000		9,168,984
JB Poindexter & Co., Inc.†	7.125%		4/15/2026			1,254,000		1,211,671
Total								20,584,482
Auto Parts & Equipment 1.74%
Adient Global Holdings Ltd.†	7.00%		4/15/2028			2,025,000		2,078,867
American Axle & Manufacturing, Inc.	6.50%		4/1/2027			1,875,000		1,740,338
Clarios Global LP/Clarios U.S. Finance Co.†	6.75%		5/15/2028			837,000		841,210
Dana, Inc.	5.625%		6/15/2028			1,960,000		1,810,510
Faurecia SE(c)	2.625%		6/15/2025		EUR	1,500,000		1,579,573
IHO Verwaltungs GmbH (Germany)†(b)	4.75%		9/15/2026		$	1,650,000		1,487,696
IHO Verwaltungs GmbH(c)	8.75%		5/15/2028		EUR	512,000		573,425
IHO Verwaltungs GmbH†(c)	8.75%		5/15/2028		EUR	218,000		244,154
ZF North America Capital, Inc.†	6.875%		4/14/2028		$	234,000		241,040
ZF North America Capital, Inc.†	7.125%		4/14/2030			1,405,000		1,451,499
Total								12,048,312
Banks 1.77%
Citigroup, Inc.	3.875% (5 yr. CMT + 3.42%	)#	–	(d)		240,000		205,500
Comerica Bank	2.50%		7/23/2024			1,250,000		1,152,711
Credit Suisse Group AG (Switzerland)†(b)	6.373% (SOFR + 3.34%	)#	7/15/2026			1,250,000		1,218,350
Freedom Mortgage Corp.†	8.125%		11/15/2024			2,100,000		2,025,279
Intesa Sanpaolo SpA (Italy)†(b)	5.71%		1/15/2026			2,225,000		2,143,887
Morgan Stanley	8.026% (3 mo. USD LIBOR + 3.16%	)#	–	(d)		448,000		445,370
Popular, Inc.	7.25%		3/13/2028			2,100,000		2,081,155
UBS AG (Switzerland)(b)	5.125%		5/15/2024			1,250,000		1,220,313
UBS Group AG (Switzerland)(b)	5.125% (5 yr. CMT + 4.86%	)#	–	(d)		630,000		540,225
United Overseas Bank Ltd. (Singapore)(b)	3.875% (5 yr. USD Swap + 1.79%	)#	–	(d)		1,250,000		1,228,514
Total								12,261,304

See Notes to Schedule of Investments. 25

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Biotechnology 0.12%
Grifols Escrow Issuer SA (Spain)†(b)	4.75%	10/15/2028	$	1,000,000	$	802,868
Building Materials 1.30%
Eco Material Technologies, Inc.†	7.875%	1/31/2027		1,015,000		975,674
Griffon Corp.	5.75%	3/1/2028		1,840,000		1,699,690
JELD-WEN, Inc.†	4.875%	12/15/2027		866,000		758,949
JELD-WEN, Inc.†	6.25%	5/15/2025		750,000		756,233
New Enterprise Stone & Lime Co., Inc.†	9.75%	7/15/2028		1,078,000		1,030,762
Patrick Industries, Inc.†	7.50%	10/15/2027		1,189,000		1,170,024
Smyrna Ready Mix Concrete LLC†	6.00%	11/1/2028		950,000		890,313
Standard Industries, Inc.†	5.00%	2/15/2027		940,000		900,406
West China Cement Ltd. (China)(b)	4.95%	7/8/2026		1,050,000		828,408
Total						9,010,459
Chemicals 1.64%
ASP Unifrax Holdings, Inc.†	5.25%	9/30/2028		921,000		759,825
CVR Partners LP/CVR Nitrogen Finance Corp.†	6.125%	6/15/2028		540,000		488,088
INEOS Finance PLC (United Kingdom)†(b)	6.75%	5/15/2028		744,000		735,838
INEOS Quattro Finance 2 PLC(c)	2.50%	1/15/2026	EUR	485,000		483,039
Ingevity Corp.†	3.875%	11/1/2028	$	570,000		500,809
Kobe U.S. Midco 2, Inc.†	9.25%	11/1/2026		1,220,000		866,200
NOVA Chemicals Corp. (Canada)†(b)	4.875%	6/1/2024		750,000		739,165
NOVA Chemicals Corp. (Canada)†(b)	5.25%	6/1/2027		1,700,000		1,540,567
Rain CII Carbon LLC/CII Carbon Corp.†	7.25%	4/1/2025		2,070,000		2,008,459
SCIH Salt Holdings, Inc.†	4.875%	5/1/2028		535,000		482,209
SCIL IV LLC/SCIL USA Holdings LLC†	5.375%	11/1/2026		1,614,000		1,487,394
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. (Luxembourg)†(b)	5.375%	9/1/2025		1,500,000		1,258,815
Total						11,350,408
Coal 0.86%
Adaro Indonesia PT (Indonesia)(b)	4.25%	10/31/2024		1,000,000		962,644
Alliance Resource Operating Partners LP/Alliance Resource Finance Corp.†	7.50%	5/1/2025		1,025,000		1,019,737
CONSOL Energy, Inc.†	11.00%	11/15/2025		119,000		122,006
Coronado Finance Pty. Ltd. (Australia)†(b)	10.75%	5/15/2026		1,063,000		1,099,222
SunCoke Energy, Inc.†	4.875%	6/30/2029		1,565,000		1,364,038
Warrior Met Coal, Inc.†	7.875%	12/1/2028		1,387,000		1,403,556
Total						5,971,203

26 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Commercial Services 5.14%
AA Bond Co. Ltd.(c)	4.875%	7/31/2043	GBP	400,000	$	494,236
AA Bond Co. Ltd.(c)	6.50%	1/31/2026	GBP	445,000		476,622
Adani Ports & Special Economic Zone Ltd. (India)†(b)	3.375%	7/24/2024	$	1,000,000		961,372
Adani Ports & Special Economic Zone Ltd. (India)(b)	4.00%	7/30/2027		550,000		460,436
Allied Universal Holdco LLC/Allied Universal Finance Corp.†	6.625%	7/15/2026		3,210,000		3,098,602
Allied Universal Holdco LLC/Allied Universal Finance Corp.†	9.75%	7/15/2027		1,019,000		949,237
Alta Equipment Group, Inc.†	5.625%	4/15/2026		1,613,000		1,488,998
AMN Healthcare, Inc.†	4.625%	10/1/2027		1,175,000		1,097,294
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.†	5.75%	7/15/2027		2,125,000		2,016,243
BCP V Modular Services Finance II PLC(c)	6.125%	11/30/2028	GBP	1,250,000		1,324,890
Brink’s Co.†	4.625%	10/15/2027	$	510,000		482,823
Cimpress PLC (Ireland)(b)	7.00%	6/15/2026		1,300,000		1,090,200
Garda World Security Corp. (Canada)†(b)	7.75%	2/15/2028		1,577,000		1,586,580
Herc Holdings, Inc.†	5.50%	7/15/2027		1,879,000		1,797,497
Hertz Corp.(e)	Zero Coupon	10/15/2022		2,000		70
Hertz Corp.†	Zero Coupon	10/15/2024		22,000		770
Hertz Corp.†	4.625%	12/1/2026		1,196,000		1,078,409
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc.†	5.00%	2/1/2026		1,373,000		1,243,897
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS (Turkey)(b)	9.50%	7/10/2036		679,421		563,138
Mersin Uluslararasi Liman Isletmeciligi AS (Turkey)(b)	5.375%	11/15/2024		769,000		744,089
NESCO Holdings II, Inc.†	5.50%	4/15/2029		1,570,000		1,420,049
PeopleCert Wisdom Issuer PLC†(c)	5.75%	9/15/2026	EUR	995,000		1,072,627
Prime Security Services Borrower LLC/Prime Finance, Inc.†	5.75%	4/15/2026	$	2,050,000		2,037,174
Sabre Global, Inc.†	7.375%	9/1/2025		309,000		274,934
Sabre Global, Inc.†	9.25%	4/15/2025		1,975,000		1,823,903
Sabre Global, Inc.†	11.25%	12/15/2027		600,000		527,625
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.†	4.625%	11/1/2026		1,318,000		1,240,999
Sotheby’s†	7.375%	10/15/2027		1,210,000		1,136,163
Verscend Escrow Corp.†	9.75%	8/15/2026		1,420,000		1,434,937
WASH Multifamily Acquisition, Inc.†	5.75%	4/15/2026		2,277,000		2,137,060

See Notes to Schedule of Investments. 27

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Commercial Services (continued)
Williams Scotsman International, Inc.†	4.625%		8/15/2028	$	1,038,000	$	954,157
Williams Scotsman International, Inc.†	6.125%		6/15/2025		600,000		597,805
Total							35,612,836
Computers 0.16%
Presidio Holdings, Inc.†	8.25%		2/1/2028		467,000		440,219
Science Applications International Corp.†	4.875%		4/1/2028		725,000		685,009
Total							1,125,228
Cosmetics/Personal Care 0.14%
Coty, Inc.†	5.00%		4/15/2026		368,000		359,742
Coty, Inc.†	6.50%		4/15/2026		635,000		634,206
Total							993,948
Distribution/Wholesale 0.31%
BCPE Empire Holdings, Inc.†	7.625%		5/1/2027		650,000		597,041
H&E Equipment Services, Inc.†	3.875%		12/15/2028		1,415,000		1,227,704
Ritchie Bros Holdings, Inc.†	6.75%		3/15/2028		326,000		337,817
Total							2,162,562
Diversified Financial Services 3.48%
Advisor Group Holdings, Inc.†	10.75%		8/1/2027		615,000		610,907
AG TTMT Escrow Issuer LLC†	8.625%		9/30/2027		1,589,000		1,635,121
Armor Holdco, Inc.†	8.50%		11/15/2029		1,600,000		1,329,192
Aviation Capital Group LLC†	6.25%		4/15/2028		1,067,000		1,077,241
Avolon Holdings Funding Ltd. (Ireland)†(b)	5.50%		1/15/2026		1,105,000		1,085,504
Bread Financial Holdings, Inc.†	4.75%		12/15/2024		1,257,000		1,111,530
Global Aircraft Leasing Co. Ltd. (Cayman Islands)†(b)	6.50%		9/15/2024		2,055,000		1,819,917
ILFC E-Capital Trust II†	6.798%	#	12/21/2065		900,000		588,375
Jefferson Capital Holdings LLC†	6.00%		8/15/2026		1,353,000		1,156,396
Navient Corp.	4.875%		3/15/2028		509,000		438,274
Navient Corp.	5.50%		3/15/2029		348,000		299,943
Navient Corp.	5.875%		10/25/2024		2,245,000		2,209,316
Navient Corp.	6.75%		6/15/2026		1,450,000		1,414,055
OneMain Finance Corp.	6.125%		3/15/2024		2,265,000		2,231,436
OneMain Finance Corp.	8.25%		10/1/2023		1,000,000		1,004,062
PennyMac Financial Services, Inc.†	5.375%		10/15/2025		2,100,000		1,984,458
PRA Group, Inc.†	8.375%		2/1/2028		1,150,000		1,147,927
VistaJet Malta Finance PLC/XO Management Holding, Inc. (Malta)†(b)	6.375%		2/1/2030		719,000		622,823
VistaJet Malta Finance PLC/XO Management Holding, Inc. (Malta)†(b)	7.875%		5/1/2027		2,439,000		2,319,599
Total							24,086,076

28 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Electric 2.95%
Atlantica Sustainable Infrastructure PLC (United Kingdom)†(b)	4.125%		6/15/2028		$	465,000	$	424,731
Calpine Corp.†	5.125%		3/15/2028			2,685,000		2,483,663
Calpine Corp.†	5.25%		6/1/2026			750,000		730,509
DPL, Inc.	4.35%		4/15/2029			1,610,000		1,452,801
Electricite de France SA (France)†(b)	5.625% (10 yr. USD Swap + 3.04%	)#	–	(d)		1,295,000		1,251,859
Elwood Energy LLC	8.159%		7/5/2026			8,373		7,473
Emera, Inc. (Canada)(b)	6.75% (3 mo. USD LIBOR + 5.44%	)#	6/15/2076			2,420,000		2,313,914
Eskom Holdings SOC Ltd. (South Africa)†(b)	7.125%		2/11/2025			1,233,000		1,206,182
Leeward Renewable Energy Operations LLC†	4.25%		7/1/2029			941,000		847,839
NextEra Energy Operating Partners LP†	4.50%		9/15/2027			1,185,000		1,115,837
Pike Corp.†	5.50%		9/1/2028			1,241,000		1,127,200
System Energy Resources, Inc.	6.00%		4/15/2028			1,148,000		1,184,955
Talen Energy Supply LLC	Zero Coupon		6/1/2025			111,000		35,520	(a)
Talen Energy Supply LLC(e)	6.50%		6/1/2025			111,000		34,965
Talen Energy Supply LLC†	8.625%		6/1/2030			786,000		786,000
TransAlta Corp. (Canada)(b)	7.75%		11/15/2029			472,000		496,209
Vistra Corp.†	7.00% (5 yr. CMT + 5.74%	)#	–	(d)		1,920,000		1,723,879
Vistra Operations Co. LLC†	5.00%		7/31/2027			655,000		623,512
Vistra Operations Co. LLC†	5.125%		5/13/2025			1,250,000		1,223,775
Vistra Operations Co. LLC†	5.50%		9/1/2026			225,000		220,824
Vistra Operations Co. LLC†	5.625%		2/15/2027			1,157,000		1,130,305
Total								20,421,952
Electrical Components & Equipment 0.51%
Energizer Holdings, Inc.†	4.75%		6/15/2028			1,050,000		945,464
EnerSys†	4.375%		12/15/2027			600,000		562,878
WESCO Distribution, Inc.†	7.125%		6/15/2025			2,000,000		2,036,884
Total								3,545,226
Electronics 0.18%
Arrow Electronics, Inc.	6.125%		3/1/2026			1,250,000		1,251,174
Energy-Alternate Sources 0.43%
Cullinan Holdco Scsp(c)	4.625%		10/15/2026		EUR	175,000		169,216
Cullinan Holdco Scsp†(c)	4.625%		10/15/2026		EUR	700,000		676,866
Empresa Generadora de Electricidad Haina SA (Dominican Republic)†(b)	5.625%		11/8/2028		$	605,000		549,310

See Notes to Schedule of Investments. 29

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Energy-Alternate Sources (continued)
Enviva Partners LP/Enviva Partners Finance Corp.†	6.50%	1/15/2026	$	659,000	$	562,771
TerraForm Power Operating LLC†	5.00%	1/31/2028		965,000		925,049
YPF Energia Electrica SA (Argentina)†(b)	10.00%	7/25/2026		142,000		122,263
Total						3,005,475
Engineering & Construction 0.52%
Gatwick Airport Finance PLC(c)	4.375%	4/7/2026	GBP	1,250,000		1,456,960
Promontoria Holding 264 BV (Netherlands)†(b)	7.875%	3/1/2027	$	1,500,000		1,518,127
Weekley Homes LLC/Weekley Finance Corp.†	4.875%	9/15/2028		756,000		657,232
Total						3,632,319
Entertainment 3.02%
Allwyn Entertainment Financing U.K. PLC (United Kingdom)†(b)	7.875%	4/30/2029		1,271,000		1,287,015
Boyne USA, Inc.†	4.75%	5/15/2029		1,077,000		976,520
Caesars Entertainment, Inc.†	6.25%	7/1/2025		1,184,000		1,186,511
Caesars Entertainment, Inc.†	8.125%	7/1/2027		2,895,000		2,956,438
CCM Merger, Inc.†	6.375%	5/1/2026		1,614,000		1,579,137
Churchill Downs, Inc.†	5.50%	4/1/2027		1,185,000		1,157,096
Cinemark USA, Inc.†	5.875%	3/15/2026		1,460,000		1,396,468
CPUK Finance Ltd.(c)	4.50%	8/28/2027	GBP	1,285,000		1,363,602
Empire Resorts, Inc.†	7.75%	11/1/2026	$	1,150,000		952,804
Inter Media & Communication SpA(c)	6.75%	2/9/2027	EUR	1,360,000		1,419,888
Jacobs Entertainment, Inc.†	6.75%	2/15/2029	$	1,200,000		1,045,080
Juventus Football Club SpA(c)	3.375%	2/19/2024	EUR	910,000		955,284
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.†	4.875%	5/1/2029	$	600,000		537,576
Mohegan Tribal Gaming Authority†	8.00%	2/1/2026		1,290,000		1,155,911
Penn Entertainment, Inc.†	5.625%	1/15/2027		595,000		566,255
Resorts World Las Vegas LLC/RWLV Capital, Inc.†	4.625%	4/16/2029		400,000		321,417
SeaWorld Parks & Entertainment, Inc.†	5.25%	8/15/2029		600,000		540,558
Warnermedia Holdings, Inc.	6.412%	3/15/2026		1,500,000		1,513,175
Total						20,910,735
Environmental Control 0.14%
Harsco Corp.†	5.75%	7/31/2027		1,175,000		993,674
Food 1.64%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC†	4.625%	1/15/2027		985,000		953,614

30 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Food (continued)
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC†	6.50%	2/15/2028	$	1,875,000	$	1,900,416
Chobani LLC/Chobani Finance Corp., Inc.†	4.625%	11/15/2028		1,480,000		1,359,475
Chobani LLC/Chobani Finance Corp., Inc.†	7.50%	4/15/2025		1,100,000		1,079,782
FAGE International SA/FAGE USA Dairy Industry, Inc. (Luxembourg)†(b)	5.625%	8/15/2026		1,545,000		1,444,575
Lamb Weston Holdings, Inc.†	4.875%	5/15/2028		546,000		536,306
Nathan’s Famous, Inc.†	6.625%	11/1/2025		13,000		13,036
NBM U.S. Holdings, Inc.†	7.00%	5/14/2026		718,000		699,680
Performance Food Group, Inc.†	5.50%	10/15/2027		1,260,000		1,236,119
Post Holdings, Inc.†	5.625%	1/15/2028		727,000		711,385
SEG Holding LLC/SEG Finance Corp.†	5.625%	10/15/2028		990,000		942,594
U.S. Foods, Inc.†	6.25%	4/15/2025		507,000		510,412
Total						11,387,394
Food Service 0.14%
Aramark Services, Inc.†	6.375%	5/1/2025		1,000,000		1,001,300
Forest Products & Paper 0.07%
Ahlstrom Holding 3 Oy (Finland)†(b)	4.875%	2/4/2028		580,000		494,008
Gas 0.13%
ENN Clean Energy International Investment Ltd.†	3.375%	5/12/2026		1,000,000		894,074
Health Care-Services 4.39%
Acadia Healthcare Co., Inc.†	5.50%	7/1/2028		1,275,000		1,232,449
Catalent Pharma Solutions, Inc.†	5.00%	7/15/2027		1,400,000		1,346,163
CHS/Community Health Systems, Inc.†	6.875%	4/15/2029		583,000		431,947
CHS/Community Health Systems, Inc.†	8.00%	12/15/2027		3,510,000		3,481,794
DaVita, Inc.†	4.625%	6/1/2030		1,250,000		1,089,961
Hadrian Merger Sub, Inc.†	8.50%	5/1/2026		1,656,000		1,422,090
HCA, Inc.	5.375%	2/1/2025		2,000,000		2,001,739
Legacy LifePoint Health LLC†	6.75%	4/15/2025		3,350,000		3,227,767
ModivCare, Inc.†	5.875%	11/15/2025		1,929,000		1,845,108
Molina Healthcare, Inc.†	4.375%	6/15/2028		1,869,000		1,754,362
Select Medical Corp.†	6.25%	8/15/2026		2,662,000		2,610,195
Tenet Healthcare Corp.	5.125%	11/1/2027		2,100,000		2,040,183
Tenet Healthcare Corp.	6.125%	10/1/2028		4,250,000		4,128,485
Tenet Healthcare Corp.	6.25%	2/1/2027		1,225,000		1,220,576
U.S. Acute Care Solutions LLC†	6.375%	3/1/2026		2,870,000		2,564,573
Total						30,397,392

See Notes to Schedule of Investments. 31

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Holding Companies-Diversified 0.44%
Benteler International AG†(c)(f)	9.375%		5/15/2028	EUR	650,000	$	726,413
Benteler International AG (Austria)†(b)	10.50%		5/15/2028	$	314,000		321,850	(a)
Stena International SA (Luxembourg)†(b)	6.125%		2/1/2025		1,050,000		1,019,497
Stena International SA(c)	7.25%		2/15/2028	EUR	500,000		558,881
Stena International SA†(c)	7.25%		2/15/2028	EUR	361,000		403,256
Total							3,029,897
Home Builders 1.41%
Ashton Woods USA LLC/Ashton Woods Finance Co.†	6.625%		1/15/2028	$	1,695,000		1,608,275
Century Communities, Inc.	6.75%		6/1/2027		1,100,000		1,106,234
Forestar Group, Inc.†	3.85%		5/15/2026		1,161,000		1,075,040
M/I Homes, Inc.	4.95%		2/1/2028		2,140,000		2,007,438
Meritage Homes Corp.	5.125%		6/6/2027		535,000		525,118
Taylor Morrison Communities, Inc.†	5.875%		6/15/2027		520,000		519,259
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.	5.875%		6/15/2024		2,000,000		1,998,280
Tri Pointe Homes, Inc.	5.25%		6/1/2027		943,000		907,430
Total							9,747,074
Housewares 0.12%
Newell Brands, Inc.	6.375%		9/15/2027		825,000		814,688
Scotts Miracle-Gro Co.	5.25%		12/15/2026		12,000		11,518
Total							826,206
Insurance 0.75%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer†	4.25%		10/15/2027		425,000		389,530
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer†	6.75%		4/15/2028		1,836,000		1,835,672
AssuredPartners, Inc.†	7.00%		8/15/2025		700,000		693,851
Global Atlantic Fin Co.†	4.70% (5 yr. CMT + 3.80%	)#	10/15/2051		385,000		308,161
GTCR AP Finance, Inc.†	8.00%		5/15/2027		625,000		611,725
HUB International Ltd.†	7.00%		5/1/2026		750,000		747,641
Jones Deslauriers Insurance Management, Inc. (Canada)†(b)	8.50%		3/15/2030		593,000		600,596
Total							5,187,176
Internet 0.69%
Gen Digital, Inc.†	6.75%		9/30/2027		646,000		651,827
Mercadolibre, Inc. (Uruguay)(b)	2.375%		1/14/2026		1,000,000		908,421

32 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Internet (continued)
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.†	4.75%	4/30/2027	$	1,381,000	$	1,199,260
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.†	10.75%	6/1/2028		635,000		575,710
Prosus NV (Netherlands)(b)	4.85%	7/6/2027		1,500,000		1,449,285
Total						4,784,503
Investment Companies 0.10%
Huarong Finance II Co. Ltd. (Hong Kong)(b)	5.00%	11/19/2025		750,000		688,991
Iron-Steel 1.58%
ArcelorMittal SA (Luxembourg)(b)	6.55%	11/29/2027		794,000		829,929
ATI, Inc.	5.875%	12/1/2027		1,925,000		1,882,053
Baffinland Iron Mines Corp./Baffinland Iron Mines LP (Canada)†(b)	8.75%	7/15/2026		1,846,000		1,784,237
Cleveland-Cliffs, Inc.	5.875%	6/1/2027		1,520,000		1,494,135
CSN Inova Ventures (Brazil)†(b)	6.75%	1/28/2028		1,300,000		1,237,174
JSW Steel Ltd. (India)(b)	5.95%	4/18/2024		1,450,000		1,438,400
Mineral Resources Ltd. (Australia)†(b)	8.00%	11/1/2027		1,000,000		1,019,320
U.S. Steel Corp.	6.875%	3/1/2029		1,296,000		1,274,812
Total						10,960,060
Leisure Time 2.07%
Carnival Holdings Bermuda Ltd.†	10.375%	5/1/2028		372,000		400,307
Life Time, Inc.†	5.75%	1/15/2026		1,740,000		1,700,811
Lindblad Expeditions LLC†	6.75%	2/15/2027		1,577,000		1,483,826
NCL Corp. Ltd.†	5.875%	3/15/2026		330,000		284,608
NCL Corp. Ltd.†	5.875%	2/15/2027		914,000		863,033
NCL Corp. Ltd.†	8.375%	2/1/2028		676,000		680,744
Pinnacle Bidco PLC(c)	5.50%	2/15/2025	EUR	1,960,000		2,059,190
Royal Caribbean Cruises Ltd.†	4.25%	7/1/2026	$	588,000		526,841
Royal Caribbean Cruises Ltd.†	8.25%	1/15/2029		1,480,000		1,559,794
Royal Caribbean Cruises Ltd.†	11.625%	8/15/2027		4,518,000		4,810,675
Total						14,369,829
Lodging 2.63%
Full House Resorts, Inc.†	8.25%	2/15/2028		1,056,000		973,505
Genting New York LLC/GENNY Capital, Inc.†	3.30%	2/15/2026		2,000,000		1,819,075
Marriott Ownership Resorts, Inc.	4.75%	1/15/2028		870,000		777,785
Melco Resorts Finance Ltd. (Hong Kong)†(b)	5.75%	7/21/2028		800,000		698,000
MGM China Holdings Ltd. (Macau)†(b)	5.25%	6/18/2025		750,000		717,056
MGM China Holdings Ltd. (Macau)†(b)	5.875%	5/15/2026		900,000		865,273

See Notes to Schedule of Investments. 33

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Lodging (continued)
MGM Resorts International	4.75%	10/15/2028	$	312,000	$	292,058
MGM Resorts International	5.50%	4/15/2027		2,431,000		2,381,338
MGM Resorts International	6.75%	5/1/2025		750,000		757,969
Studio City Co. Ltd. (Macau)†(b)	7.00%	2/15/2027		1,925,000		1,828,376
Travel & Leisure Co.†	6.625%	7/31/2026		1,389,000		1,387,528
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.†	5.25%	5/15/2027		2,180,000		2,099,132
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.†	5.50%	3/1/2025		1,727,000		1,705,118
Wynn Macau Ltd. (Macau)†(b)	5.50%	10/1/2027		2,141,000		1,910,521
Total						18,212,734
Machinery: Construction & Mining 0.13%
Manitowoc Co., Inc.†	9.00%	4/1/2026		915,000		909,313
Machinery-Diversified 0.58%
ATS Corp. (Canada)†(b)	4.125%	12/15/2028		1,163,000		1,042,676
Husky III Holding Ltd. (Canada)†(b)	13.00%	2/15/2025		1,347,000		1,229,138
TK Elevator Midco GmbH(c)	4.375%	7/15/2027	EUR	1,770,000		1,747,009
Total						4,018,823
Media 3.65%
CCO Holdings LLC/CCO Holdings Capital Corp.†	5.125%	5/1/2027	$	2,618,000		2,474,245
CCO Holdings LLC/CCO Holdings Capital Corp.†	5.50%	5/1/2026		3,250,000		3,194,949
CCO Holdings LLC/CCO Holdings Capital Corp.†	6.375%	9/1/2029		1,150,000		1,093,948
Cengage Learning, Inc.†	9.50%	6/15/2024		1,089,000		1,090,421
CSC Holdings LLC†	11.25%	5/15/2028		829,000		826,994
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.†	5.875%	8/15/2027		695,000		610,675
DISH Network Corp.†	11.75%	11/15/2027		3,175,000		3,002,755
Gray Television, Inc.†	7.00%	5/15/2027		1,945,000		1,577,679
LCPR Senior Secured Financing DAC (Ireland)†(b)	6.75%	10/15/2027		2,175,000		2,068,974
McGraw-Hill Education, Inc.†	5.75%	8/1/2028		475,000		422,331
Nexstar Media, Inc.†	4.75%	11/1/2028		634,000		557,867
Nexstar Media, Inc.†	5.625%	7/15/2027		1,595,000		1,499,643
Sirius XM Radio, Inc.†	5.00%	8/1/2027		1,325,000		1,220,277
Univision Communications, Inc.†	5.125%	2/15/2025		1,580,000		1,557,817
Univision Communications, Inc.†	6.625%	6/1/2027		1,300,000		1,253,417
UPC Holding BV (Netherlands)†(b)	5.50%	1/15/2028		500,000		448,103
Urban One, Inc.†	7.375%	2/1/2028		611,000		555,540
Virgin Media Secured Finance PLC(c)	5.00%	4/15/2027	GBP	500,000		582,614

34 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Media (continued)
Virgin Media Vendor Financing Notes III DAC(c)	4.875%	7/15/2028	GBP	300,000	$	310,939
Ziggo Bond Co. BV (Netherlands)†(b)	6.00%	1/15/2027	$	975,000		926,203
Total						25,275,391
Metal Fabricate-Hardware 0.10%
Advanced Drainage Systems, Inc.†	5.00%	9/30/2027		755,000		723,045
Mining 1.70%
China Hongqiao Group Ltd. (China)(b)	6.25%	6/8/2024		1,300,000		1,267,656
Coeur Mining, Inc.†	5.125%	2/15/2029		975,000		804,960
Compass Minerals International, Inc.†	4.875%	7/15/2024		292,000		289,262
Compass Minerals International, Inc.†	6.75%	12/1/2027		259,000		248,642
First Quantum Minerals Ltd. (Canada)†(b)	6.875%	3/1/2026		1,041,000		1,023,079
FMG Resources August 2006 Pty. Ltd. (Australia)†(b)	4.50%	9/15/2027		869,000		826,817
Freeport-McMoRan, Inc.	4.55%	11/14/2024		1,500,000		1,483,047
Hecla Mining Co.	7.25%	2/15/2028		698,000		698,916
Hudbay Minerals, Inc. (Canada)†(b)	4.50%	4/1/2026		846,000		788,614
Kaiser Aluminum Corp.†	4.625%	3/1/2028		1,100,000		972,422
New Gold, Inc. (Canada)†(b)	7.50%	7/15/2027		925,000		892,523
Taseko Mines Ltd. (Canada)†(b)	7.00%	2/15/2026		1,196,000		1,104,492
Vedanta Resources Ltd. (India)(b)	6.125%	8/9/2024		1,050,000		683,534
Yamana Gold, Inc. (Canada)(b)	4.625%	12/15/2027		735,000		712,572
Total						11,796,536
Miscellaneous Manufacturing 0.22%
Amsted Industries, Inc.†	5.625%	7/1/2027		1,045,000		1,025,901
LSB Industries, Inc.†	6.25%	10/15/2028		536,000		472,232
Total						1,498,133
Oil & Gas 13.82%
Aethon United BR LP/Aethon United Finance Corp.†	8.25%	2/15/2026		973,000		945,879
Ascent Resources Utica Holdings LLC/ARU Finance Corp.†	7.00%	11/1/2026		1,575,000		1,525,932
Baytex Energy Corp. (Canada)†(b)	8.50%	4/30/2030		656,000		660,222
Baytex Energy Corp. (Canada)†(b)	8.75%	4/1/2027		2,708,000		2,789,825
Berry Petroleum Co. LLC†	7.00%	2/15/2026		3,737,000		3,558,745
California Resources Corp.†	7.125%	2/1/2026		3,149,000		3,184,237
Callon Petroleum Co.	6.375%	7/1/2026		1,304,000		1,261,517

See Notes to Schedule of Investments. 35

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Oil & Gas (continued)
Callon Petroleum Co.†	8.00%	8/1/2028	$	1,900,000	$	1,876,759
Calumet Specialty Products Partners LP/Calumet Finance Corp.†	8.125%	1/15/2027		1,380,000		1,336,965
Chesapeake Energy Corp.†	5.50%	2/1/2026		1,035,000		1,025,499
Chord Energy Corp.†	6.375%	6/1/2026		2,935,000		2,928,188
Citgo Holding, Inc.†	9.25%	8/1/2024		1,175,000		1,185,123
CITGO Petroleum Corp.†	6.375%	6/15/2026		2,835,000		2,764,451
Civitas Resources, Inc.†	5.00%	10/15/2026		2,462,000		2,316,976
CNX Resources Corp.†	7.25%	3/14/2027		572,000		566,243
Comstock Resources, Inc.†	6.75%	3/1/2029		2,050,000		1,858,114
Crescent Energy Finance LLC†	7.25%	5/1/2026		913,000		875,754
Crescent Energy Finance LLC†	9.25%	2/15/2028		1,858,000		1,855,455
Earthstone Energy Holdings LLC†	8.00%	4/15/2027		3,218,000		3,144,066
Encino Acquisition Partners Holdings LLC†	8.50%	5/1/2028		425,000		377,302
Endeavor Energy Resources LP/EER Finance, Inc.†	5.75%	1/30/2028		750,000		747,208
EnQuest PLC (United Kingdom)†(b)	11.625%	11/1/2027		1,150,000		1,088,967
Ensign Drilling, Inc. (Canada)†(b)	9.25%	4/15/2024		700,000		683,361
Gulfport Energy Corp.†	8.00%	5/17/2026		2,699,731		2,709,261
Hilcorp Energy I LP/Hilcorp Finance Co.†	6.25%	11/1/2028		838,000		803,618
Kosmos Energy Ltd.†	7.125%	4/4/2026		1,000,000		894,980
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.†	6.00%	8/1/2026		2,667,000		2,592,084
Matador Resources Co.	5.875%	9/15/2026		2,712,000		2,663,164
Matador Resources Co.†	6.875%	4/15/2028		576,000		580,297
MEG Energy Corp. (Canada)†(b)	5.875%	2/1/2029		1,250,000		1,201,474
Murphy Oil Corp.	6.375%	7/15/2028		1,151,000		1,148,044
Nabors Industries Ltd.†	7.50%	1/15/2028		725,000		660,661
Nabors Industries, Inc.†	7.375%	5/15/2027		1,519,000		1,475,238
Noble Finance II LLC†	8.00%	4/15/2030		878,000		900,099
Occidental Petroleum Corp.	8.50%	7/15/2027		2,125,000		2,342,069
Patterson-UTI Energy, Inc.	3.95%	2/1/2028		550,000		495,254
PBF Holding Co. LLC/PBF Finance Corp.	6.00%	2/15/2028		1,361,000		1,253,719
PBF Holding Co. LLC/PBF Finance Corp.	7.25%	6/15/2025		1,098,000		1,095,420
PDC Energy, Inc.	5.75%	5/15/2026		3,402,000		3,306,831
Permian Resources Operating LLC†	5.375%	1/15/2026		167,000		159,581
Permian Resources Operating LLC†	5.875%	7/1/2029		300,000		284,197
Permian Resources Operating LLC†	7.75%	2/15/2026		2,240,000		2,267,630
Petroleos Mexicanos (Mexico)(b)	6.49%	1/23/2027		2,130,000		1,909,178
Precision Drilling Corp. (Canada)†(b)	6.875%	1/15/2029		485,000		445,460

36 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Oil & Gas (continued)
Precision Drilling Corp. (Canada)†(b)	7.125%	1/15/2026	$	1,658,000	$	1,612,257
Range Resources Corp.	4.875%	5/15/2025		1,187,000		1,172,673
Range Resources Corp.	8.25%	1/15/2029		600,000		626,850
ROCC Holdings LLC†	9.25%	8/15/2026		1,994,000		2,141,057
Rockcliff Energy II LLC†	5.50%	10/15/2029		1,920,000		1,738,147
SierraCol Energy Andina LLC†	6.00%	6/15/2028		1,850,000		1,371,590
SM Energy Co.	6.625%	1/15/2027		3,755,000		3,630,184
SM Energy Co.	6.75%	9/15/2026		125,000		123,289
Southwestern Energy Co.	5.375%	2/1/2029		305,000		287,856
Southwestern Energy Co.	8.375%	9/15/2028		1,000,000		1,049,454
Tap Rock Resources LLC†	7.00%	10/1/2026		2,960,000		2,846,943
Transocean, Inc.†	7.25%	11/1/2025		750,000		715,297
Transocean, Inc.†	11.50%	1/30/2027		900,000		922,023
Turkiye Petrol Rafinerileri AS (Turkey)(b)	4.50%	10/18/2024		1,000,000		956,538
Valaris Ltd.†	8.375%	4/30/2030		867,000		868,270
Vermilion Energy, Inc. (Canada)†(b)	5.625%	3/15/2025		2,315,000		2,280,148
Viper Energy Partners LP†	5.375%	11/1/2027		620,000		600,039
Vital Energy, Inc.	9.50%	1/15/2025		220,000		221,536
Vital Energy, Inc.	10.125%	1/15/2028		3,345,000		3,367,311
W&T Offshore, Inc.†	11.75%	2/1/2026		1,502,000		1,505,708
Total						95,782,217
Oil & Gas Services 1.39%
Bristow Group, Inc.†	6.875%	3/1/2028		483,000		461,291
CSI Compressco LP/CSI Compressco Finance, Inc.†	7.50%	4/1/2025		470,000		454,415
Enerflex Ltd. (Canada)†(b)	9.00%	10/15/2027		1,170,000		1,167,262
KLX Energy Services Holdings, Inc.†	11.50%	11/1/2025		1,500,000		1,440,278
Nine Energy Service, Inc.	13.00%	2/1/2028		1,745,000		1,650,761
Oceaneering International, Inc.	4.65%	11/15/2024		277,000		272,928
Oceaneering International, Inc.	6.00%	2/1/2028		1,235,000		1,174,803
USA Compression Partners LP/USA Compression Finance Corp.	6.875%	4/1/2026		384,000		380,354
USA Compression Partners LP/USA Compression Finance Corp.	6.875%	9/1/2027		183,000		178,340
Weatherford International Ltd.†	8.625%	4/30/2030		1,650,000		1,682,473
Weatherford International Ltd.†	11.00%	12/1/2024		42,000		43,280
Welltec International ApS (Denmark)†(b)	8.25%	10/15/2026		750,000		758,179
Total						9,664,364

See Notes to Schedule of Investments. 37

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Packaging & Containers 2.54%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC†	6.00%		6/15/2027	$	1,069,000	$	1,064,719
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland)†(b)	4.125%		8/15/2026		1,733,000		1,635,213
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland)†(b)	5.25%		4/30/2025		600,000		590,980
Ball Corp.	6.875%		3/15/2028		1,639,000		1,706,092
Graphic Packaging International LLC†	4.75%		7/15/2027		520,000		502,291
LABL, Inc.†	6.75%		7/15/2026		1,033,000		1,024,834
LABL, Inc.†	9.50%		11/1/2028		1,211,000		1,248,166
Mauser Packaging Solutions Holding Co.†	7.875%		8/15/2026		2,981,000		3,026,640
Owens-Brockway Glass Container, Inc.†	6.625%		5/13/2027		1,852,000		1,861,028
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC†	4.00%		10/15/2027		1,324,000		1,193,262
Sealed Air Corp./Sealed Air Corp. U.S.†	6.125%		2/1/2028		856,000		869,710
Trident TPI Holdings, Inc.†	12.75%		12/31/2028		604,000		619,281
Trivium Packaging Finance BV (Netherlands)†(b)	5.50%		8/15/2026		626,000		608,318
Trivium Packaging Finance BV(c)	6.404% (3 mo. EUR EURIBOR + 3.75%	)#	8/15/2026	EUR	1,532,000		1,661,439
Total							17,611,973
Pharmaceuticals 0.47%
Elanco Animal Health, Inc.	6.65%		8/28/2028	$	222,000		216,701
Organon & Co./Organon Foreign Debt Co.-Issuer BV†	4.125%		4/30/2028		600,000		552,690
Teva Pharmaceutical Finance Netherlands II BV(c)	4.50%		3/1/2025	EUR	280,000		305,301
Teva Pharmaceutical Finance Netherlands III BV (Netherlands)(b)	3.15%		10/1/2026	$	1,520,000		1,374,994
Teva Pharmaceutical Finance Netherlands III BV (Netherlands)(b)	6.75%		3/1/2028		800,000		797,375
Total							3,247,061
Pipelines 1.78%
AI Candelaria Spain SA (Spain)†(b)	7.50%		12/15/2028		706,250		655,393
Antero Midstream Partners LP/Antero Midstream Finance Corp.†	5.75%		3/1/2027		1,650,000		1,598,244
Buckeye Partners LP	3.95%		12/1/2026		871,000		793,873
Buckeye Partners LP	4.125%		12/1/2027		750,000		674,745
Buckeye Partners LP	9.293% (3 mo. USD LIBOR + 4.02%	)#	1/22/2078		53,000		45,732

38 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Pipelines (continued)
Delek Logistics Partners LP/Delek Logistics Finance Corp.†	7.125%	6/1/2028	$	1,991,000	$	1,815,553
EnLink Midstream LLC†	5.625%	1/15/2028		545,000		537,324
EQM Midstream Partners LP†	6.00%	7/1/2025		605,000		595,158
EQM Midstream Partners LP†	7.50%	6/1/2027		300,000		299,242
Global Partners LP/GLP Finance Corp.	7.00%	8/1/2027		1,400,000		1,354,808
Holly Energy Partners LP/Holly Energy Finance Corp.†	6.375%	4/15/2027		1,500,000		1,480,629
Northriver Midstream Finance LP (Canada)†(b)	5.625%	2/15/2026		1,203,000		1,130,760
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.†	6.00%	3/1/2027		1,390,000		1,342,931
Total						12,324,392
Real Estate 0.33%
Agile Group Holdings Ltd. (China)(b)	5.75%	1/2/2025		800,000		400,903
Country Garden Holdings Co. Ltd. (China)(b)	7.25%	4/8/2026		600,000		312,079
Country Garden Holdings Co. Ltd. (China)(b)	8.00%	1/27/2024		800,000		654,367
Longfor Group Holdings Ltd. (China)(b)	3.375%	4/13/2027		750,000		637,746
Wanda Properties Global Co. Ltd. (China)(b)	11.00%	1/20/2025		400,000		245,097
Total						2,250,192
REITS 1.33%
HAT Holdings I LLC/HAT Holdings II LLC†	3.375%	6/15/2026		368,000		327,044
HAT Holdings I LLC/HAT Holdings II LLC†	6.00%	4/15/2025		1,679,000		1,634,047
Iron Mountain, Inc.†	4.875%	9/15/2027		565,000		539,443
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.†	4.25%	2/1/2027		965,000		824,043
Service Properties Trust	4.65%	3/15/2024		655,000		642,591
Service Properties Trust	4.75%	10/1/2026		608,000		526,341
Service Properties Trust	5.25%	2/15/2026		349,000		310,382
Service Properties Trust	7.50%	9/15/2025		3,441,000		3,375,174
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC†	10.50%	2/15/2028		1,051,000		1,006,644
Total						9,185,709
Retail 2.75%
1011778 BC ULC/New Red Finance, Inc. (Canada)†(b)	5.75%	4/15/2025		2,567,000		2,575,424
Arko Corp.†	5.125%	11/15/2029		606,000		491,587
Asbury Automotive Group, Inc.	4.50%	3/1/2028		715,000		650,354
Bath & Body Works, Inc.	6.694%	1/15/2027		1,605,000		1,609,064
Brinker International, Inc.†	5.00%	10/1/2024		2,095,000		2,053,299

See Notes to Schedule of Investments. 39

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Retail (continued)
Dave & Buster’s, Inc.†	7.625%	11/1/2025	$	1,586,000	$	1,614,104
Douglas GmbH(c)	6.00%	4/8/2026	EUR	1,500,000		1,479,508
Dufry One BV(c)	3.375%	4/15/2028	EUR	1,736,000		1,698,893
Dufry One BV(c)	3.625%	4/15/2026	CHF	400,000		425,687
Evergreen Acqco 1 LP/TVI, Inc.†	9.75%	4/26/2028	$	925,000		927,118
FirstCash, Inc.†	4.625%	9/1/2028		2,000,000		1,830,520
GPS Hospitality Holding Co. LLC/GPS Finco, Inc.†	7.00%	8/15/2028		720,000		427,252
Marks & Spencer PLC(c)	4.50%	7/10/2027	GBP	400,000		453,163
Murphy Oil USA, Inc.	5.625%	5/1/2027	$	1,000,000		986,730
Nordstrom, Inc.	4.00%	3/15/2027		1,008,000		867,525
Stonegate Pub Co. Financing 2019 PLC(c)	8.25%	7/31/2025	GBP	850,000		984,174
Total						19,074,402
Semiconductors 0.15%
Entegris, Inc.†	4.375%	4/15/2028	$	1,095,000		1,003,652
Software 0.93%
Alteryx, Inc.†	8.75%	3/15/2028		1,421,000		1,383,222
Boxer Parent Co., Inc.†	7.125%	10/2/2025		1,240,000		1,237,818
Cloud Software Group, Inc.†	9.00%	9/30/2029		1,850,000		1,591,398
Open Text Corp. (Canada)†(b)	6.90%	12/1/2027		526,000		543,838
SS&C Technologies, Inc.†	5.50%	9/30/2027		654,000		633,900
Twilio, Inc.	3.625%	3/15/2029		1,250,000		1,068,712
Total						6,458,888
Telecommunications 1.37%
Altice France SA(c)	2.50%	1/15/2025	EUR	1,550,000		1,586,852
Altice France SA (France)†(b)	8.125%	2/1/2027	$	2,375,000		2,122,842
CommScope, Inc.†	6.00%	3/1/2026		1,060,000		1,013,941
Connect Finco SARL/Connect U.S. Finco LLC (Luxembourg)†(b)	6.75%	10/1/2026		1,300,000		1,240,685
Frontier Communications Holdings LLC†	5.00%	5/1/2028		313,000		275,170
Iliad Holding SASU (France)†(b)	6.50%	10/15/2026		1,250,000		1,203,888
Maxar Technologies, Inc.†	7.75%	6/15/2027		1,448,000		1,536,402
PLT VII Finance Sarl(c)	4.625%	1/5/2026	EUR	470,000		488,967
Total						9,468,747
Transportation 0.36%
Carriage Purchaser, Inc.†	7.875%	10/15/2029	$	15,000		11,035
Rand Parent LLC†	8.50%	2/15/2030		1,193,000		1,082,133
Watco Cos. LLC/Watco Finance Corp.†	6.50%	6/15/2027		435,000		422,296
XPO Escrow Sub LLC†	7.50%	11/15/2027		980,000		1,005,460
Total						2,520,924

40 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Trucking & Leasing 0.80%
AerCap Global Aviation Trust (Ireland)†(b)	6.50% (3 mo. USD LIBOR + 4.30%	)#	6/15/2045	$	1,500,000	$	1,411,008
Fortress Transportation & Infrastructure Investors LLC†	5.50%		5/1/2028		1,520,000		1,395,033
Fortress Transportation & Infrastructure Investors LLC†	6.50%		10/1/2025		2,741,000		2,710,460
Total							5,516,501
Total Corporate Bonds (cost $579,024,168)							581,269,370
FLOATING RATE LOANS(g) 12.76%
Aerospace 0.59%
American Airlines, Inc. 2021 Term Loan	10.00% (3 mo. USD LIBOR + 4.75%	)	4/20/2028		1,025,000		1,033,395
Jazz Acquisition, Inc. 2019 1st Lien Term Loan	9.082% (1 mo. USD Term SOFR + 4.00%	)	6/19/2026		622,678		613,727
United Airlines, Inc. 2021 Term Loan B	8.77% (1 mo. USD LIBOR + 3.75%	)	4/21/2028		2,441,994		2,438,172
Total							4,085,294
Aerospace/Defense 0.56%
Alloy Finco Ltd. USD Holdco PIK Term Loan (Jersey)(b)	–	(h)	3/6/2025		1,032,625		899,416
Spirit Aerosystems, Inc. 2022 Term Loan	9.545% (3 mo. USD Term SOFR + 4.50%	)	1/15/2027		811,922		810,274
TransDigm, Inc. 2022 Term Loan H	8.148% (3 mo. USD Term SOFR + 3.25%	)	2/22/2027		1,745,625		1,749,719
Vertex Aerospace Services Corp. 2021 First Lien Term Loan	8.525% (1 mo. USD LIBOR + 3.50%	)	12/6/2028		397,990		397,520
Total							3,856,929
Auto Parts & Equipment 0.32%
Clarios Global LP 2021 USD Term Loan B (Canada)(b)	8.275% (1 mo. USD LIBOR + 3.25%	)	4/30/2026		977,000		976,287
Clarios Global LP 2023 Incremental Term Loan (Canada)(b)	–	(h)	4/26/2030		1,216,216		1,215,705
Total							2,191,992
Building & Construction 0.00%
USIC Holdings, Inc. 2021 2nd Lien Term Loan	11.525% (1 mo. USD LIBOR + 6.50%	)	5/14/2029		16,454		15,241

See Notes to Schedule of Investments. 41

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Building Materials 0.09%
Icebox Holdco III, Inc. 2021 1st Lien Term Loan	8.659% (1 mo. USD LIBOR + 3.50%	)	12/22/2028	$	6,823	$	6,568
Summit Materials LLC Term Loan B	8.492% (6 mo. USD Term SOFR + 3.00%	)	12/14/2027		598,500		601,211
Total							607,779
Chemicals 0.64%
Axalta Coating Systems U.S. Holdings, Inc. 2022 USD Term Loan B4	8.068% (3 mo. USD Term SOFR + 3.00%	)	12/20/2029		475,000		477,005
DCG Acquisition Corp. Term Loan B	–	(h)	9/30/2026		1,150,000		1,130,829
LSF11 A5 Holdco LLC 2023 Incremental Term Loan B	9.332% (1 mo. USD Term SOFR + 4.25%	)	10/15/2028		1,000,000		987,080
LSF11 A5 Holdco LLC Term Loan	–	(h)	10/15/2028		273,618		265,615
Polar U.S. Borrower LLC 2018 1st Lien Term Loan	9.667% - 9.72% (3 mo. USD Term SOFR + 4.75%	)	10/15/2025		1,325,000		1,095,112
Starfruit Finco BV 2023 Term Loan (Netherlands)(b)	8.99% (3 mo. USD Term SOFR + 4.00%	)	4/3/2028		476,625		476,029
Total							4,431,670
Consumer Durables 0.10%
Griffon Corp. Term Loan B	7.548% (3 mo. USD Term SOFR + 2.50%	)	1/24/2029		694,355		693,834
Consumer Non-Durables 0.16%
Coty, Inc. 2018 USD Term Loan B	7.197% (1 mo. USD LIBOR + 2.25%	)	4/7/2025		1,129,472		1,127,778
Diversified Capital Goods 0.25%
Grinding Media, Inc. 2021 Term Loan B	9.199% (3 mo. USD Term SOFR + 4.00%	)	10/12/2028		1,367,041		1,298,689
Tank Holding Corp. 2022 Term Loan	10.832% (1 mo. USD Term SOFR + 5.75%	)	3/31/2028		454,977		442,893
Total							1,741,582
Diversified Financial Services 0.16%
Castlelake Aviation Ltd. 2023 Incremental Term Loan B	7.783% (3 mo. USD Term SOFR + 2.75%	)	10/22/2027		1,136,070		1,122,585

42 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Electric: Generation 0.39%
Astoria Energy LLC 2020 Term Loan B	8.53% (1 mo. USD LIBOR + 3.50%	)	12/10/2027	$	1,282,953	$	1,279,630
CPV Shore Holdings LLC Term Loan	8.78% (1 mo. USD LIBOR + 3.75%	)	12/29/2025		98,237		90,922
EFS Cogen Holdings I LLC 2020 Term Loan B	8.66% (1 mo. USD LIBOR + 3.50%	)	10/1/2027		81,462		80,966
ExGen Renewables IV LLC 2020 Term Loan	7.46% (3 mo. USD LIBOR + 2.50%	)	12/15/2027		1,275,000		1,271,411
Total							2,722,929
Electric: Integrated 0.17%
Compass Power Generation LLC 2022 Term Loan B2	9.346% (1 mo. USD Term SOFR + 4.25%	)	4/14/2029		482,519		480,982
Helix Gen Funding LLC Term Loan B	8.775% (1 mo. USD LIBOR + 3.75%	)	6/3/2024		675,471		670,405
Total							1,151,387
Energy 0.24%
AL GCX Holdings LLC Term Loan B	–	(h)	5/17/2029		1,000,000		993,500
NorthRiver Midstream Finance LP 2018 Term Loan B (Canada)(b)	8.427% (1 mo. USD LIBOR + 3.25%	)	10/1/2025		671,484		670,541
Total							1,664,041
Entertainment 0.51%
Cinemark USA, Inc. 2018 Term Loan B	6.78% - 7.03% (1 mo. USD LIBOR + 1.75% (3 mo. USD LIBOR + 1.75%	) )	3/31/2025		748,026		742,670
Formula One Holdings Ltd. Term Loan B (United Kingdom)(b)	8.232% (1 mo. USD Term SOFR + 3.25%	)	1/15/2030		500,000		501,438
Six Flags Theme Parks, Inc. 2019 Term Loan B	6.78% (1 mo. USD LIBOR + 1.75%	)	4/17/2026		1,650,000		1,636,338
Station Casinos LLC 2020 Term Loan B	–	(h)	2/8/2027		648,309		642,746
Total							3,523,192
Financial 0.33%
Advisor Group, Inc. 2021 Term Loan	–	(h)	7/31/2026		550,000		547,500
GYP Holdings III Corp. 2023 Term Loan	–	(h)	4/26/2030		1,500,000		1,500,000
Hub International Ltd. 2022 Term Loan B	8.728% (3 mo. USD Term SOFR + 4.00%	)	11/10/2029		249,375		249,192
Total							2,296,692

See Notes to Schedule of Investments. 43

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Food/Tobacco 0.28%
IRB Holding Corp. 2022 Term Loan B	–	(h)	12/15/2027	$	841,006	$	828,711
Reynolds Group Holdings, Inc. 2021 Term Loan B	8.347% (1 mo. USD Term SOFR + 3.25%	)	9/24/2028		1,118,747		1,109,170
Total							1,937,881
Gaming/Leisure 0.43%
City Football Group Ltd. Term Loan (United Kingdom)(b)	8.273% (1 mo. USD LIBOR + 3.00%	)	7/21/2028		1,321,654		1,293,569
Motion Finco Sarl Delayed Draw Term Loan B2 (Luxembourg)(b)	8.409% (1 mo. USD LIBOR + 3.25%	)	11/12/2026		93,222		92,108
Motion Finco Sarl USD Term Loan B1 (Luxembourg)(b)	8.409% (1 mo. USD LIBOR + 3.25%	)	11/12/2026		653,905		646,088
NASCAR Holdings, Inc. Term Loan B	7.525% (1 mo. USD LIBOR + 2.50%	)	10/19/2026		430,780		431,745
Scientific Games International, Inc. 2022 USD Term Loan	7.981% (1 mo. USD Term SOFR + 3.00%	)	4/14/2029		498,744		498,207
Total							2,961,717
Gas Distribution 0.13%
CQP Holdco LP 2021 Term Loan B	8.659% (1 mo. USD LIBOR + 3.50%	)	6/5/2028		915,153		914,412
Healthcare 0.72%
Heartland Dental LLC 2021 Incremental Term Loan	9.025% (1 mo. USD LIBOR + 4.00%	)	4/30/2025		748,096		730,329
MedAssets Software Intermediate Holdings, Inc. 2021 Term Loan	9.025% (1 mo. USD LIBOR + 4.00%	)	12/18/2028		860,000		743,367
Medline Borrower LP USD Term Loan B	8.275% (1 mo. USD LIBOR + 3.25%	)	10/23/2028		1,650,000		1,603,825
Physician Partners LLC Term Loan	–	(h)	12/23/2028		1,250,000		1,186,162
Select Medical Corp. 2017 Term Loan B	7.53% (1 mo. USD LIBOR + 2.50%	)	3/6/2025		725,000		724,206
Total							4,987,889

44 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Housing 0.18%
Quikrete Holdings, Inc. 2016 1st Lien Term Loan	7.65% (1 mo. USD LIBOR + 2.62%	)	2/1/2027	$	1,220,817	$	1,215,586
Information Technology 0.77%
MKS Instruments, Inc. 2022 USD Term Loan B	7.814% (1 mo. USD Term SOFR + 2.75%	)	8/17/2029		1,531,325		1,528,040
Open Text Corp. 2022 Term Loan B (Canada)(b)	8.582% (1 mo. USD Term SOFR + 3.50%	)	1/31/2030		1,847,000		1,848,154
RealPage, Inc. 1st Lien Term Loan	8.025% (1 mo. USD LIBOR + 3.00%	)	4/24/2028		1,246,835		1,212,940
SS&C Technologies, Inc. 2022 Term Loan B6	7.332% (1 mo. USD Term SOFR + 2.25%	)	3/22/2029		290,428		289,591
SS&C Technologies, Inc. 2022 Term Loan B7	7.332% (1 mo. USD Term SOFR + 2.25%	)	3/22/2029		437,670		436,407
Total							5,315,132
Insurance 0.07%
Amynta Agency Borrower, Inc. 2023 Term Loan B	9.991% (3 mo. USD Term SOFR + 5.00%	)	2/28/2028		513,403		500,727
Integrated Energy 0.10%
Esdec Solar Group BV Term Loan B (Netherlands)(b)	9.96% (3 mo. USD LIBOR + 4.75%	)	8/30/2028		710,140		704,814
Internet 0.22%
Uber Technologies, Inc. 2023 Term Loan B	7.87% (3 mo. USD Term SOFR + 2.75%	)	3/3/2030		1,503,862		1,500,960
Investments & Miscellaneous Financial Services 0.17%
Jane Street Group LLC 2021 Term Loan	7.775% (1 mo. USD LIBOR + 2.75%	)	1/26/2028		1,170,289		1,167,457
Leisure 0.00%
Vue International Bidco PLC 2023 EUR PIK Term Loan 6.50%(c)	4.859% (6 mo. EUR EURIBOR + 2.00%	)	12/31/2027	EUR	39,070		23,786
Leisure Time 0.39%
Life Time Fitness, Inc. 2021 Term Loan B	9.775% (1 mo. USD LIBOR + 4.75%	)	12/16/2024	$	2,148,029		2,150,381
Topgolf Callaway Brands Corp. Term Loan B	8.582% (1 mo. USD Term SOFR + 3.50%	)	3/15/2030		576,666		576,937
Total							2,727,318

See Notes to Schedule of Investments. 45

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Lodging 0.14%
Spectacle Gary Holdings LLC 2021 Term Loan B	9.275% (1 mo. USD LIBOR + 4.25%	)	12/10/2028	$	986,111	$	960,231
Machinery 0.54%
Array Technologies, Inc. Term Loan B	–	(h)	10/14/2027		1,156,062		1,147,392	(i)
CMBF LLC Term Loan	10.948% (1 mo. USD LIBOR + 6.00%	)	8/2/2028		16,324		15,100
Vertical U.S. Newco, Inc. Term Loan B	8.602% (6 mo. USD LIBOR + 3.50%	)	7/30/2027		2,646,875		2,587,876
Total							3,750,368
Machinery: Diversified 0.13%
Chart Industries, Inc. 2023 Term Loan B	8.74% (1 mo. USD Term SOFR + 3.75%	)	3/15/2030		875,000		876,645
Manufacturing 0.74%
Harsco Corp. 2021 Term Loan	7.347% (1 mo. USD Term SOFR + 2.25%	)	3/10/2028		1,225,113		1,192,574
Madison IAQ LLC Term Loan	8.302% (6 mo. USD LIBOR + 3.25%	)	6/21/2028		1,027,386		990,903
SPX Flow, Inc. 2022 Term Loan	9.582% (1 mo. USD Term SOFR + 4.50%	)	4/5/2029		1,373,597		1,328,619
Tiger Acquisition, LLC 2021 Term Loan	8.332% (1 mo. USD LIBOR)		6/1/2028		998,734		971,828
Virgin Media Bristol LLC USD Term Loan N	7.448% (1 mo. USD LIBOR + 2.50%	)	1/31/2028		625,000		615,819
Total							5,099,743
Media 0.14%
Univision Communications, Inc. Term Loan	–	(h)	3/15/2026		994,924		985,288
Media: Content 0.01%
NEP/NCP Holdco, Inc. 2018 2nd Lien Term Loan	12.025% (1 mo. USD LIBOR + 7.00%	)	10/19/2026		50,000		38,406
Medical Products 0.00%
Athenahealth Group, Inc. 2022 Delayed Draw Term loan(j)	3.50%		2/15/2029		1,501		1,412
Athenahealth Group, Inc. 2022 Term Loan B	8.464% (1 mo. USD Term SOFR + 3.50%	)	2/15/2029		12,221		11,491
Total							12,903

46 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Metals/Minerals 0.11%
Zekelman Industries, Inc. 2020 Term Loan	7.018% (1 mo. USD LIBOR + 2.00%	)	1/24/2027	$	773,500	$	766,628
Oil & Gas 0.26%
Par Petroleum LLC 2023 Term Loan B	9.241% (1 mo. USD LIBOR + 4.25%	)	2/28/2030		1,423,913		1,402,255
Parkway Generation LLC Term Loan B	9.902% (3 mo. USD Term SOFR + 4.75%	)	2/18/2029		368,538		355,466
Parkway Generation LLC Term Loan C	9.902% (3 mo. USD Term SOFR + 4.75%	)	2/18/2029		45,770		44,035
Total							1,801,756
Oil Field Equipment & Services 0.16%
Ulterra Drilling Technologies LP Term Loan B	10.275% (1 mo. USD LIBOR + 5.25%	)	11/26/2025		1,130,900		1,101,683
Pharmaceuticals 0.30%
Jazz Financing Lux Sarl USD Term Loan (Luxembourg)(b)	8.525% (1 mo. USD LIBOR + 3.50%	)	5/5/2028		1,020,086		1,019,902
Option Care Health, Inc. 2021 Term Loan B	7.775% (1 mo. USD LIBOR + 2.75%	)	10/27/2028		472,607		472,756
Organon & Co. USD Term Loan	8.00% (1 mo. USD LIBOR + 3.00%	)	6/2/2028		591,808		591,687
Total							2,084,345
Pipelines 0.26%
Brazos Delaware II LLC 2023 Term Loan B	8.583% (3 mo. USD Term SOFR + 3.75%	)	2/11/2030		875,000		865,021
Oryx Midstream Services Permian Basin LLC 2023 Incremental Term Loan	8.193% (1 mo. USD Term SOFR + 3.25%	)	10/5/2028		980,085		971,068
Total							1,836,089
Printing & Publishing 0.07%
Cengage Learning, Inc. 2021 Term Loan B	9.88% (3 mo. USD LIBOR + 4.75%	)	7/14/2026		533,067		521,369
Recreation & Travel 0.00%
Bulldog Purchaser, Inc. 2018 Term Loan	8.832% (1 mo. USD Term SOFR + 3.75%	)	9/5/2025		15,569		14,090

See Notes to Schedule of Investments. 47

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Retail 0.68%
Carrols Restaurant Group, Inc. Term Loan B	8.332% (1 mo. USD Term SOFR + 3.25%	)	4/30/2026	$	1,242,077	$	1,178,160
Crocs, Inc. Term Loan B	–	(h)	2/20/2029		2,305,932		2,306,324
Petco Health & Wellness Co., Inc. 2021 Term Loan B	8.41% (3 mo. USD Term SOFR + 3.25%	)	3/3/2028		1,250,000		1,234,300
Total							4,718,784
Service 0.29%
APi Group DE, Inc. 2021 Incremental Term Loan B	–	(h)	1/3/2029		543,318		543,883
Prime Security Services Borrower LLC 2021 Term Loan	7.608% (1 mo. USD LIBOR + 2.75%	)	9/23/2026		472,589		472,367
Red Planet Borrower LLC Term Loan B	8.322% (1 mo. USD Term SOFR + 3.75%	)	10/2/2028		797,975		544,618
Service Logic Acquisition, Inc. Term Loan	9.211% (1 mo. USD LIBOR + 4.00%	)	10/29/2027		443,868		440,816
Total							2,001,684
Software 0.22%
ECL Entertainment LLC Term Loan	–	(h)	5/1/2028		248,734		249,202
Quartz Acquireco LLC Term Loan B	–	(h)	4/14/2030		1,250,000		1,246,094
Total							1,495,296
Software/Services 0.19%
NortonLifeLock, Inc. 2022 Term Loan B	–	(h)	9/12/2029		1,356,238		1,343,523
Specialty Retail 0.28%
PetSmart, Inc. 2021 Term Loan B	8.832% (1 mo. USD Term SOFR + 3.75%	)	2/11/2028		1,977,312		1,971,133
Support: Services 0.16%
Aramark Services, Inc. 2018 Term Loan B3	6.775% (1 mo. USD LIBOR + 1.75%	)	3/11/2025		309,121		308,657
Sabre Global, Inc. 2021 Term Loan B1	8.525% (1 mo. USD LIBOR + 3.50%	)	12/17/2027		21,042		16,439
Sabre Global, Inc. 2021 Term Loan B2	8.525% (1 mo. USD LIBOR + 3.50%	)	12/17/2027		33,542		26,204
Sabre Global, Inc. 2022 1st Lien Term Loan B	10.082% (1 mo. USD Term SOFR + 5.00%	)	6/30/2028		904,959		737,542
Total							1,088,842

48 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Theaters & Entertainment 0.00%
Vue International Bidco PLC 2022 EUR Term Loan(c)	11.086% (6 mo. EUR EURIBOR + 8.00%	)	6/30/2027	EUR	6,827	$	6,902
Utility 0.11%
USIC Holdings, Inc. 2021 Term Loan	8.525% (1 mo. USD LIBOR + 3.50%	)	5/12/2028	$	747,220		734,536
Total Floating Rate Loans (cost $88,570,712)							88,400,848
NON–AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 0.51%
BHMS Mortgage Trust Series 2018-ATLS Class A†	6.198% (1 mo. USD LIBOR + 1.25%	)#	7/15/2035		2,000,000		1,930,413
Federal Home Loan Mortgage Corp. STACR REMIC Trust Series 2022-DNA5 Class M1B†	9.315% (30 day USD SOFR Average + 4.50%	)#	6/25/2042		1,500,000		1,591,453
Total Non-Agency Commercial Mortgage-Backed Securities (cost $3,540,055)							3,521,866
Total Long-Term Investments (cost $696,422,102)							698,381,932
SHORT-TERM INVESTMENTS 1.89%
COMMERCIAL PAPER 0.75%
Chemicals 0.43%
International Flavors & Fragrances, Inc.	6.114%		5/25/2023		3,000,000		2,988,000
Finance 0.32%
Brookfield Infrastructure Holdings Canada, Inc.	6.087%		7/24/2023		2,250,000		2,220,692
Total Commercial Paper (cost $5,207,025)							5,208,692
REPURCHASE AGREEMENTS 1.14%
Repurchase Agreement dated 4/28/2023, 2.400% due 5/1/2023 with Fixed Income Clearing Corp. collateralized by $7,299,700 of U.S Treasury Bond at 4.375% due 05/15/2041; value: $8,029,785; proceeds: $7,873,876 (cost $7,872,301)					7,872,301		7,872,301
Total Short-Term Investments (cost $13,079,326)							13,080,993
Total Investments in Securities 102.67% (cost $709,501,428)							711,462,925
Less Unfunded Loan Commitments (0.00%) (cost $1,348)							(1,412	)
Net Investments in Securities 102.67% (cost $709,500,080)							711,461,513
Other Assets and Liabilities(k) – Net (2.67)%							(18,483,623	)
Net Assets 100.00%						$	692,977,890

See Notes to Schedule of Investments. 49

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

CHF	Swiss Franc.
EUR	Euro.
GBP	British Pound.
CMT	Constant Maturity Rate.
EURIBOR	Euro Interbank Offered Rate.
LIBOR	London Interbank Offered Rate.
PIK	Payment-in-kind.
REITS	Real Estate Investment Trusts.
REMIC	Real Estate Mortgage Investment Conduits.
SOFR	Secured Overnight Financing Rate.
STACR	Structured Agency Credit Risk.

†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2023, the total value of Rule 144A securities was $436,110,114, which represents 62.93% of net assets.
#	Variable rate security. The interest rate represents the rate in effect at April 30, 2023.
(a)	Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.
(b)	Foreign security traded in U.S. dollars.
(c)	Investment in non-U.S. dollar denominated securities.
(d)	Security is perpetual in nature and has no stated maturity.
(e)	Defaulted (non-income producing security).
(f)	Securities purchased on a when-issued basis.
(g)	Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at April 30, 2023.
(h)	Interest Rate to be determined.
(i)	Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Floating Rate Loan fair valued by the Pricing Committee. Accounting principles generally accepted in the United States of America do not require the Fund to create quantitative unobservable inputs that were not developed by the Fund. Therefore, the Fund does not have access to unobservable inputs and cannot disclose such inputs in the valuation.
(j)	Security partially/fully unfunded.
(k)	Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts and futures contracts as follows:

Forward Foreign Currency Exchange Contracts at April 30, 2023:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
Euro	Buy	State Street Bank and Trust	5/15/2023	650,000	$	716,686	$	716,751		$	65
Euro	Buy	Morgan Stanley	6/13/2023	147,000		157,266		162,359			5,093
Euro	Buy	Morgan Stanley	6/13/2023	343,000		373,413		378,839			5,426
Euro	Buy	Morgan Stanley	6/13/2023	86,000		94,570		94,986			416
Euro	Buy	State Street Bank and Trust	6/13/2023	379,000		415,011		418,600			3,589
Euro	Sell	Morgan Stanley	6/13/2023	1,558,000		1,726,528		1,720,790			5,738
Euro	Sell	State Street Bank and Trust	6/13/2023	1,355,000		1,497,979		1,496,579			1,400
Total Unrealized Appreciation on Forward Foreign Currency Exchange Contracts										$	21,727

50 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2023

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
British pound	Sell	Morgan Stanley	6/8/2023	4,419,000		$ 5,320,997		$   5,557,894		$	(236,897	)
British pound	Sell	Morgan Stanley	6/8/2023	704,000		854,511		885,440			(30,929	)
British pound	Sell	Morgan Stanley	6/8/2023	484,000		601,463		608,740			(7,277	)
British pound	Sell	State Street Bank and Trust	6/8/2023	473,000		581,907		594,905			(12,998	)
Euro	Sell	Morgan Stanley	6/13/2023	128,000		138,365		141,374			(3,009	)
Euro	Sell	Morgan Stanley	6/13/2023	362,000		391,287		399,824			(8,537	)
Euro	Sell	Morgan Stanley	6/13/2023	412,000		448,728		455,048			(6,320	)
Euro	Sell	Morgan Stanley	6/13/2023	536,000		586,883		592,005			(5,122	)
Euro	Sell	Morgan Stanley	6/13/2023	92,000		100,794		101,613			(819	)
Euro	Sell	Morgan Stanley	6/13/2023	741,000		816,036		818,424			(2,388	)
Euro	Sell	State Street Bank and Trust	6/13/2023	10,917,000		11,614,815		12,057,679			(442,864	)
Euro	Sell	State Street Bank and Trust	6/13/2023	268,000		286,836		296,002			(9,166	)
Euro	Sell	State Street Bank and Trust	6/13/2023	142,000		151,507		156,837			(5,330	)
Euro	Sell	State Street Bank and Trust	6/13/2023	871,000		941,947		962,008			(20,061	)
Euro	Sell	State Street Bank and Trust	6/13/2023	715,000		777,919		789,708			(11,789	)
Euro	Sell	State Street Bank and Trust	6/13/2023	611,000		660,266		674,841			(14,575	)
Euro	Sell	State Street Bank and Trust	6/13/2023	718,000		777,362		793,021			(15,659	)
Euro	Sell	State Street Bank and Trust	6/13/2023	574,000		622,328		633,975			(11,647	)
Euro	Sell	State Street Bank and Trust	6/13/2023	308,000		336,949		340,182			(3,233	)
Euro	Sell	State Street Bank and Trust	6/13/2023	1,356,000		1,492,461		1,497,684			(5,223	)
Euro	Sell	State Street Bank and Trust	6/13/2023	650,000		717,855		717,916			(61	)
Swiss franc	Sell	State Street Bank and Trust	5/23/2023	376,000		416,136		421,612			(5,476	)
Total Unrealized Depreciation on Forward Foreign Currency Exchange Contracts										$	(859,380	)

Futures Contracts at April 30, 2023:

Type	Expiration	Contracts	Position	Notional Amount			Notional Value			Unrealized Appreciation
U.S. 2-Year Treasury Note	June 2023	94	Short	$	(19,383,146	)	$	(19,379,422	)			$3,724
Type	Expiration	Contracts	Position	Notional Amount			Notional Value			Unrealized Depreciation
U.S. 5-Year Treasury Note	June 2023	523	Long	$	57,516,899		$	57,395,164			$	(121,735	)

See Notes to Schedule of Investments. 51

Schedule of Investments (unaudited)(concluded)

SHORT DURATION HIGH YIELD FUND April 30, 2023

The following is a summary of the inputs used as of April 30, 2023 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1			Level 2			Level 3		Total
Long-Term Investments
Asset-Backed Securities
Automobiles	$	–		$	–		$	1,750,001	$	1,750,001
Remaining Industries		–			15,637,634			–		15,637,634
Convertible Bonds		–			7,802,213			–		7,802,213
Corporate Bonds
Electric		–			20,386,432			35,520		20,421,952
Holding Companies-Diversified		–			2,708,047			321,850		3,029,897
Remaining Industries		–			557,817,521			–		557,817,521
Floating Rate Loans
Machinery		–			2,602,976			1,147,392		3,750,368
Remaining Industries		–			84,650,480			–		84,650,480
Less Unfunded Commitments		–			(1,412	)		–		(1,412	)
Non-Agency Commercial
Mortgage-Backed Securities		–			3,521,866			–		3,521,866
Short-Term Investments
Commercial Paper		–			5,208,692			–		5,208,692
Repurchase Agreements		–			7,872,301			–		7,872,301
Total	$	–		$	708,206,750		$	3,254,763	$	711,461,513
Other Financial Instruments
Forward Foreign Currency Exchange Contracts
Assets	$	–		$	21,727		$	–	$	21,727
Liabilities		–			(859,380	)		–		(859,380	)
Futures Contracts
Assets		3,724			–			–		3,724
Liabilities		(121,735	)		–			–		(121,735	)
Total	$	(118,011	)	$	(837,653	)	$	–	$	(955,664	)

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.

52 See Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

1. ORGANIZATION  

Lord Abbett Trust I (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a diversified, open-end management investment company and was organized as a Delaware statutory Trust on January 30, 2020. The Trust’s predecessor corporation was organized on May 1, 2001. The Trust currently consists of the following four funds separately, a “Fund” and collectively, the “Funds”). Lord Abbett Climate Focused Bond Fund (“Climate Focused Bond Fund”) Lord Abbett Emerging Markets Equity Fund (“Emerging Markets Equity Fund) Lord Abbett International Growth Fund (“International Growth Fund”) Lord Abbett Short Duration High Yield Fund (“Short Duration High Yield Fund”). Emerging Markets Equity Fund commenced operations on March 2, 2022. Climate Focused Bond Fund’s investment objective is total return. Emerging Markets Equity Fund’s and International Growth Fund’s investment objective is to seek long-term capital appreciation. Short Duration High Yield Fund’s investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.

2. SIGNIFICANT ACCOUNTING POLICIES  

(a)

Investment Valuation-Under procedures approved by the Funds’ Board of Trustees (the “Board”) the Board has designated the determination of fair value of the Funds’ portfolio investments to Lord, Abbett & Co. LLC (“Lord Abbett”) as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Pricing Committee uses a third-party fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that correlate to the fair-valued securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and ask prices. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and ask prices is used. Fixed income securities are valued based on evaluated prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Floating rate loans are valued at the average of bid and ask quotations obtained from dealers in loans on the basis of prices supplied by independent pricing services. Forward foreign currency exchange contracts are valued using daily forward exchange rates.

53

Notes to Schedule of Investments (unaudited)(continued)

Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use observable inputs such as yield curves, broker quotes, observable trading activity, option adjusted spread models and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.

Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.

(b) Fair Value Measurements-Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below:

●	Level 1 –	unadjusted quoted prices in active markets for identical investments;
●	Level 2 –	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and
●	Level 3 –	significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).

A summary of inputs used in valuing each Fund’s investments and other financial instruments as of April 30, 2023 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments.

Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

54

Notes to Schedule of Investments (unaudited)(concluded)

3. FEDERAL TAX INFORMATION  

It is the policy of each Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.

Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on each Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax returns. The statute of limitations on each Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.

4. SECURITIES LENDING AGREEMENT  

The Funds have established a securities lending agreement with Citibank, N.A. for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Funds’ securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.

The initial collateral received by the Funds is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.

As of April 30, 2023, the funds did not have any securities out on loan.

55

QPHR-TRI-3Q
(06/23)