ActivePassive Core Bond ETF

Schedule of Investments

as of May 31, 2024 (Unaudited)

EXCHANGE TRADED FUNDS - 38.9%	Shares		Value
iShares Core U.S. Aggregate Bond ETF	1,438,726	$	138,865,833
iShares MBS ETF	655,778		59,682,356
Vanguard Total International Bond ETF	1,412,254		68,437,829
TOTAL EXCHANGE TRADED FUNDS (Cost $267,978,017)			266,986,018
U.S. TREASURY SECURITIES - 24.4%	Par		Value
United States Treasury Note/Bond
4.63%, 02/28/2025	1,809,000		1,800,691
2.63%, 03/31/2025	1,307,000		1,279,788
3.88%, 03/31/2025	5,146,000		5,090,372
0.38%, 04/30/2025	512,000		490,257
2.88%, 04/30/2025	1,194,000		1,169,344
3.88%, 04/30/2025	279,000		275,672
2.13%, 05/15/2025	1,958,000		1,902,636
2.75%, 05/15/2025	158,000		154,424
4.25%, 12/31/2025	675,000		667,063
3.88%, 01/15/2026	1,675,000		1,645,687
4.25%, 01/31/2026	259,000		255,955
4.00%, 02/15/2026	369,000		363,119
4.63%, 02/28/2026	295,000		293,306
4.63%, 03/15/2026	1,657,000		1,647,776
4.50%, 03/31/2026	656,000		650,990
4.88%, 04/30/2026	829,000		828,417
1.88%, 07/31/2026	345,000		324,219
6.75%, 08/15/2026	1,661,000		1,731,268
0.75%, 08/31/2026	186,000		170,037
4.63%, 09/15/2026	5,252,000		5,228,612
2.00%, 11/15/2026	673,000		630,070
4.63%, 11/15/2026	5,509,000		5,488,556
1.63%, 11/30/2026	205,000		189,993
4.38%, 12/15/2026	864,000		855,866
4.00%, 01/15/2027	3,055,000		2,998,793
4.13%, 02/15/2027	7,081,000		6,971,881
4.25%, 03/15/2027	548,000		541,300
4.50%, 05/15/2027	2,496,000		2,482,253
0.50%, 10/31/2027	1,136,000		988,919
6.13%, 11/15/2027	1,666,000		1,746,209
0.63%, 12/31/2027	1,422,000		1,235,974
4.00%, 02/29/2028	512,000		501,140
3.63%, 03/31/2028	1,510,000		1,458,094
1.25%, 05/31/2028	5,000		4,394
1.00%, 07/31/2028	3,798,000		3,286,976
2.88%, 08/15/2028	1,173,000		1,096,892
1.13%, 08/31/2028	6,000		5,207
1.25%, 09/30/2028	5,000		4,353
5.25%, 11/15/2028	1,659,000		1,706,178
1.50%, 11/30/2028	1,334,000		1,169,465
1.38%, 12/31/2028	1,311,000		1,140,058
3.75%, 12/31/2028	697,000		673,817
1.75%, 01/31/2029	5,000		4,416
4.00%, 01/31/2029	3,226,000		3,151,651
4.25%, 02/28/2029	296,000		292,346
4.13%, 03/31/2029	11,397,000		11,189,984
4.63%, 04/30/2029	1,432,000		1,437,146
3.25%, 06/30/2029	4,187,000		3,942,649
4.00%, 02/28/2030	1,610,000		1,566,354
3.63%, 03/31/2030	658,000		627,452
3.50%, 04/30/2030	606,000		573,688
0.63%, 05/15/2030	3,436,000		2,743,364
3.75%, 05/31/2030	4,163,000		3,992,333
3.75%, 06/30/2030	1,324,000		1,268,868
4.00%, 07/31/2030	1,582,000		1,536,672
0.63%, 08/15/2030	3,283,000		2,597,610
4.88%, 10/31/2030	627,000		638,585
0.88%, 11/15/2030	1,648,000		1,315,696
4.38%, 11/30/2030	684,000		677,855
4.00%, 01/31/2031	1,256,000		1,217,952
1.13%, 02/15/2031	3,933,000		3,175,360
4.25%, 02/28/2031	450,000		442,846
4.13%, 03/31/2031	1,525,000		1,489,496
4.63%, 04/30/2031	1,220,000		1,227,244
1.63%, 05/15/2031	5,000		4,147
1.25%, 08/15/2031	1,871,000		1,498,993
1.38%, 11/15/2031	2,854,000		2,291,617
1.88%, 02/15/2032	2,677,000		2,220,080
2.88%, 05/15/2032	1,268,000		1,129,288
2.75%, 08/15/2032	1,286,000		1,130,952
4.13%, 11/15/2032	695,000		675,670
3.50%, 02/15/2033	1,414,000		1,310,767
3.88%, 08/15/2033	7,676,000		7,301,795
4.50%, 11/15/2033	3,893,000		3,886,613
4.00%, 02/15/2034	14,123,000		13,552,563
4.38%, 05/15/2034	810,000		801,204
4.75%, 02/15/2037	587,000		603,097
1.13%, 05/15/2040	589,000		355,643
1.13%, 08/15/2040	98,000		58,610
1.38%, 11/15/2040	638,000		395,847
1.88%, 02/15/2041	640,000		430,875
2.25%, 05/15/2041	147,000		104,772
1.75%, 08/15/2041	637,000		414,261
2.00%, 11/15/2041	615,000		415,666
3.13%, 11/15/2041	19,000		15,418
2.38%, 02/15/2042	1,072,000		768,657
3.13%, 02/15/2042	971,000		784,803
3.25%, 05/15/2042	623,000		511,055
3.88%, 02/15/2043	580,000		517,095
3.88%, 05/15/2043	51,000		45,396
4.38%, 08/15/2043	264,000		251,481
3.75%, 11/15/2043	3,298,000		2,874,928
4.75%, 11/15/2043	221,000		221,000
4.50%, 02/15/2044	74,000		71,618
3.38%, 05/15/2044	1,040,000		854,303
2.75%, 08/15/2047	194,000		139,256
2.75%, 11/15/2047	187,000		133,939
3.13%, 05/15/2048	360,000		275,808
3.00%, 08/15/2048	515,000		384,902
3.38%, 11/15/2048	373,000		298,385
3.00%, 02/15/2049	660,000		492,164
2.88%, 05/15/2049	666,000		483,956
2.25%, 08/15/2049	1,752,000		1,113,067
2.38%, 11/15/2049	795,000		518,753
2.00%, 02/15/2050	338,000		201,493
1.38%, 08/15/2050	2,028,000		1,016,337
1.63%, 11/15/2050	364,000		195,202
1.88%, 02/15/2051	1,403,000		803,026
2.38%, 05/15/2051	1,372,000		886,816
2.00%, 08/15/2051	540,000		317,756
1.88%, 11/15/2051	2,493,000		1,416,969
2.25%, 02/15/2052	2,113,000		1,319,057
2.88%, 05/15/2052	838,000		602,836
3.00%, 08/15/2052	296,000		218,560
3.63%, 02/15/2053	686,000		572,810
3.63%, 05/15/2053	605,000		505,293
4.13%, 08/15/2053	499,000		456,371
4.75%, 11/15/2053	2,527,000		2,567,077
4.25%, 02/15/2054	400,000		374,062
4.63%, 05/15/2054	715,000		711,928
TOTAL U.S. TREASURY SECURITIES (Cost $170,515,264)			167,759,625
CORPORATE BONDS - 16.3%	Par		Value
Automobiles & Components - 0.4%
American Axle & Manufacturing, Inc., 6.88%, 07/01/2028	165,000		163,923
American Honda Finance Corp., 4.60%, 04/17/2030	55,000		53,690
Ford Motor Co., 6.10%, 08/19/2032	248,000		247,027
General Motors Co., 6.80%, 10/01/2027	370,000		383,479
General Motors Financial Co., Inc.
4.00%, 01/15/2025	393,000		388,952
4.30%, 07/13/2025	5,000		4,926
5.85%, 04/06/2030	45,000		45,333
Goodyear Tire & Rubber Co., 5.25%, 04/30/2031	80,000		72,642
Penske Truck Leasing Co. Lp / PTL Finance Corp.
4.00%, 07/15/2025(a)	336,000		329,773
1.20%, 11/15/2025(a)	200,000		187,620
Volkswagen Group of America Finance LLC
1.63%, 11/24/2027(a)	332,000		292,307
6.20%, 11/16/2028(a)	344,000		354,493
6.45%, 11/16/2030(a)	200,000		209,324
ZF North America Capital, Inc., 6.88%, 04/14/2028 (a)	150,000		152,720
			2,886,209
Banks - 2.1%
Bank of America Corp.
1.73% to 07/22/2026 then SOFR + 0.96%, 07/22/2027	637,000		588,039
3.82% to 01/20/2027 then 3 mo. Term SOFR + 1.84%, 01/20/2028	1,302,000		1,251,002
5.20% to 04/25/2028 then SOFR + 1.63%, 04/25/2029	264,000		262,305
5.29% to 04/25/2033 then SOFR + 1.91%, 04/25/2034	19,000		18,680
2.48% to 09/21/2031 then 5 yr. CMT Rate + 1.20%, 09/21/2036	776,000		620,034
Citibank NA, 5.57%, 04/30/2034	255,000		258,161
Citigroup, Inc.
1.12% to 01/28/2026 then SOFR + 0.77%, 01/28/2027	754,000		701,325
3.89% to 01/10/2027 then 3 mo. Term SOFR + 1.82%, 01/10/2028	210,000		202,179
3.07% to 02/24/2027 then SOFR + 1.28%, 02/24/2028	749,000		704,443
3.98% to 03/20/2029 then 3 mo. Term SOFR + 1.60%, 03/20/2030	510,000		479,127
4.41% to 03/31/2030 then SOFR + 3.91%, 03/31/2031	122,000		115,725
6.17% to 05/25/2033 then SOFR + 2.66%, 05/25/2034	1,401,000		1,421,022
5.32% to 03/26/2040 then SOFR + 4.55%, 03/26/2041	732,000		706,366
Fifth Third Bancorp, 4.34% to 04/25/2032 then SOFR + 1.66%, 04/25/2033	335,000		304,431
First-Citizens Bank & Trust Co., 6.13%, 03/09/2028	358,000		365,837
JPMorgan Chase & Co.
1.05% to 11/19/2025 then SOFR + 0.80%, 11/19/2026	401,000		375,431
3.54% to 05/01/2027 then 3 mo. Term SOFR + 1.64%, 05/01/2028	412,000		391,907
6.25% to 10/23/2033 then SOFR + 1.81%, 10/23/2034	355,000		374,053
Morgan Stanley Bank NA, 5.48%, 07/16/2025	376,000		376,360
Nationstar Mortgage Holdings, Inc., 7.13%, 02/01/2032 (a)	197,000		196,219
PNC Financial Services Group, Inc.
6.88% to 10/20/2033 then SOFR + 2.28%, 10/20/2034	360,000		389,578
5.68% to 01/22/2034 then SOFR + 1.90%, 01/22/2035	5,000		4,991
Santander Holdings USA, Inc.
6.12% to 05/31/2026 then SOFR + 1.23%, 05/31/2027	115,000		115,389
6.34% to 05/31/2034 then SOFR + 2.14%, 05/31/2035	390,000		389,879
Synovus Financial Corp., 5.20%, 08/11/2025	11,000		10,883
Truist Financial Corp.
4.26% to 07/28/2025 then SOFR + 1.46%, 07/28/2026	505,000		496,703
5.71% to 01/24/2034 then SOFR + 1.92%, 01/24/2035	335,000		332,371
US Bancorp
6.79% to 10/26/2026 then SOFR + 1.88%, 10/26/2027	226,000		232,532
5.84% to 06/10/2033 then SOFR + 2.26%, 06/12/2034	250,000		251,684
Wells Fargo & Co.
3.91% to 04/25/2025 then SOFR + 1.32%, 04/25/2026	7,000		6,887
2.19% to 04/30/2025 then SOFR + 2.00%, 04/30/2026	777,000		752,527
2.39% to 06/02/2027 then SOFR + 2.10%, 06/02/2028	466,000		427,189
4.81% to 07/25/2027 then SOFR + 1.98%, 07/25/2028	487,000		477,992
5.39% to 04/24/2033 then SOFR + 2.02%, 04/24/2034	28,000		27,516
5.56% to 07/25/2033 then SOFR + 1.99%, 07/25/2034	107,000		106,364
5.50% to 01/23/2034 then SOFR + 1.78%, 01/23/2035	430,000		425,770
5.38%, 11/02/2043	175,000		165,544
			14,326,445
Capital Goods - 0.9%
AGCO Corp., 5.45%, 03/21/2027	10,000		9,983
Air Lease Corp.
1.88%, 08/15/2026	364,000		336,038
3.25%, 10/01/2029	406,000		365,109
Boeing Co.
2.20%, 02/04/2026	534,000		501,250
5.04%, 05/01/2027	1,085,000		1,059,797
Carrier Global Corp., 5.90%, 03/15/2034	411,000		426,373
CNH Industrial Capital LLC
1.45%, 07/15/2026	370,000		340,707
4.55%, 04/10/2028	192,000		186,893
Cummins, Inc.
5.15%, 02/20/2034	65,000		64,766
5.45%, 02/20/2054	140,000		136,906
Howmet Aerospace, Inc., 6.75%, 01/15/2028	364,000		379,402
Mauser Packaging Solutions Holding Co., 7.88%, 04/15/2027 (a)	150,000		153,031
Nordson Corp., 5.80%, 09/15/2033	97,000		99,169
Northrop Grumman Corp., 4.95%, 03/15/2053	703,000		634,433
Regal Rexnord Corp.
6.05%, 04/15/2028	60,000		60,733
6.40%, 04/15/2033	555,000		570,643
Rockwell Automation, Inc., 6.70%, 01/15/2028	293,000		308,584
RTX Corp., 6.40%, 03/15/2054	440,000		478,769
			6,112,586
Commercial & Professional Services - 0.5%
Bayer US Finance II LLC, 4.20%, 07/15/2034 (a)	113,000		96,282
BMW US Capital LLC
4.90%, 04/02/2029(a)	379,000		375,245
4.15%, 04/09/2030(a)	164,000		156,375
Daimler Truck Finance North America LLC
2.38%, 12/14/2028(a)	458,000		404,696
5.50%, 09/20/2033(a)	230,000		230,407
Enel Finance America LLC, 7.10%, 10/14/2027 (a)	200,000		209,802
Equifax, Inc., 5.10%, 12/15/2027	275,000		272,552
EquipmentShare.com, Inc., 9.00%, 05/15/2028 (a)	65,000		67,129
Foundry JV Holdco LLC, 6.25%, 01/25/2035 (a)	955,000		974,816
Global Atlantic Fin Co., 6.75%, 03/15/2054 (a)	13,000		12,965
Harvest Midstream I LP, 7.50%, 09/01/2028 (a)	35,000		35,466
IQVIA, Inc., 6.25%, 02/01/2029	196,000		200,803
Olympus Water US Holding Corp., 9.75%, 11/15/2028 (a)	200,000		212,780
Republic Services, Inc.
5.00%, 04/01/2034	212,000		206,557
5.70%, 05/15/2041	129,000		129,350
Waste Management, Inc., 3.90%, 03/01/2035	65,000		57,394
			3,642,619
Consumer Discretionary Distribution & Retail - 0.1%
Arko Corp., 5.13%, 11/15/2029 (a)	132,000		112,158
Bath & Body Works, Inc., 6.63%, 10/01/2030 (a)	75,000		75,150
Cargill, Inc.
5.13%, 10/11/2032(a)	222,000		221,248
4.75%, 04/24/2033(a)	84,000		80,968
Genuine Parts Co., 6.88%, 11/01/2033	117,000		128,117
Lowe's Cos., Inc., 5.75%, 07/01/2053	119,000		117,094
Macy's Retail Holdings LLC, 5.88%, 03/15/2030 (a)	75,000		71,634
			806,369
Consumer Durables & Apparel - 0.1%
Dell International LLC / EMC Corp., 5.40%, 04/15/2034	287,000		282,501
Whirlpool Corp., 5.50%, 03/01/2033	132,000		128,783
			411,284
Consumer Services - 0.1%
American University/The, 3.67%, 04/01/2049	7,000		5,380
Brightline East LLC, 11.00%, 01/31/2030 (a)	200,000		189,793
Churchill Downs, Inc., 6.75%, 05/01/2031 (a)	80,000		79,699
George Washington University/The, 4.30%, 09/15/2044	5,000		4,362
Marriott International, Inc./MD, 5.00%, 10/15/2027	103,000		102,360
University of Chicago, 2.76%, 04/01/2045	87,000		65,769
			447,363
Consumer Staples Distribution & Retail - 0.1%
Sysco Corp., 4.45%, 03/15/2048	164,000		135,739
Walmart, Inc.
4.00%, 04/15/2026	160,000		157,368
3.90%, 04/15/2028	150,000		145,496
4.00%, 04/15/2030	69,000		66,559
			505,162
Energy - 2.4%
Arizona Public Service Co., 2.95%, 09/15/2027	92,000		85,604
BP Capital Markets America, Inc.
4.81%, 02/13/2033	265,000		255,961
4.99%, 04/10/2034	181,000		175,930
Brooklyn Union Gas Co., 6.39%, 09/15/2033 (a)	548,000		557,800
Cameron LNG LLC, 3.40%, 01/15/2038 (a)	526,000		423,728
CenterPoint Energy Houston Electric LLC, 5.30%, 04/01/2053	122,000		117,848
Cheniere Energy Partners LP, 4.00%, 03/01/2031	354,000		319,247
Comstock Resources, Inc., 6.75%, 03/01/2029 (a)	80,000		77,375
Consolidated Edison Co. of New York, Inc., 3.20%, 12/01/2051	635,000		419,169
Constellation Energy Generation LLC
6.25%, 10/01/2039	178,000		184,240
5.75%, 03/15/2054	255,000		246,800
DCP Midstream Operating LP
6.45%, 11/03/2036(a)	838,000		874,311
6.75%, 09/15/2037(a)	348,000		372,529
Diamondback Energy, Inc.
5.20%, 04/18/2027	140,000		139,656
5.15%, 01/30/2030	210,000		207,862
6.25%, 03/15/2053	310,000		319,377
5.75%, 04/18/2054	65,000		62,590
5.90%, 04/18/2064	220,000		211,617
DT Midstream, Inc., 4.13%, 06/15/2029 (a)	80,000		73,229
DTE Electric Co., 3.65%, 03/01/2052	19,000		13,895
Duke Energy Indiana LLC, 5.40%, 04/01/2053	113,000		106,840
Energy Transfer LP
2.90%, 05/15/2025	310,000		301,862
5.63%, 05/01/2027(a)	71,000		70,831
6.00%, 02/01/2029(a)	703,000		707,208
5.25%, 04/15/2029	822,000		816,844
5.55%, 05/15/2034	285,000		280,434
5.95%, 05/15/2054	290,000		278,991
EQM Midstream Partners LP, 4.13%, 12/01/2026	150,000		144,231
EQT Corp., 5.75%, 02/01/2034	3,000		2,970
Evergy Metro, Inc., 4.95%, 04/15/2033	60,000		57,886
FirstEnergy Pennsylvania Electric Co., 5.20%, 04/01/2028 (a)	349,000		347,732
Genesis Energy LP / Genesis Energy Finance Corp., 8.88%, 04/15/2030	30,000		31,375
Gulfstream Natural Gas System LLC, 6.19%, 11/01/2025 (a)	293,000		293,586
Hilcorp Energy I LP / Hilcorp Finance Co., 6.25%, 11/01/2028 (a)	100,000		98,680
Indianapolis Power & Light Co., 5.70%, 04/01/2054 (a)	270,000		263,699
Kinder Morgan, Inc., 5.20%, 06/01/2033	463,000		446,412
Marathon Petroleum Corp., 4.70%, 05/01/2025	950,000		941,531
MidAmerican Energy Co., 5.75%, 11/01/2035	230,000		236,307
Motiva Enterprises LLC, 6.85%, 01/15/2040 (a)	36,000		37,734
Narragansett Electric Co., 5.35%, 05/01/2034 (a)	132,000		130,191
New Fortress Energy, Inc., 6.50%, 09/30/2026 (a)	50,000		47,087
New York State Electric & Gas Corp., 5.85%, 08/15/2033 (a)	20,000		20,271
NextEra Energy Capital Holdings, Inc., 4.90%, 02/28/2028	230,000		227,137
NGPL PipeCo LLC, 4.88%, 08/15/2027 (a)	129,000		125,580
Northern Natural Gas Co.
3.40%, 10/16/2051(a)	88,000		58,931
5.63%, 02/01/2054(a)	85,000		83,162
Northern Oil & Gas, Inc., 8.13%, 03/01/2028 (a)	149,000		151,626
Occidental Petroleum Corp.
3.50%, 08/15/2029	72,000		65,184
6.13%, 01/01/2031	210,000		214,414
7.88%, 09/15/2031	109,000		122,257
6.45%, 09/15/2036	215,000		224,179
6.60%, 03/15/2046	405,000		424,014
Oglethorpe Power Corp.
5.38%, 11/01/2040	34,000		31,848
4.55%, 06/01/2044	27,000		21,855
Ovintiv, Inc., 7.10%, 07/15/2053	380,000		421,406
Phillips 66, 1.30%, 02/15/2026	255,000		238,208
PPL Electric Utilities Corp., 4.85%, 02/15/2034	100,000		96,645
Public Service Co. of Colorado, 5.25%, 04/01/2053	104,000		95,240
Public Service Electric and Gas Co., 5.13%, 03/15/2053	117,000		109,942
Rochester Gas and Electric Corp., 3.10%, 06/01/2027 (a)	698,000		656,761
Sabine Pass Liquefaction LLC, 4.50%, 05/15/2030	331,000		315,785
San Diego Gas & Electric Co., 5.35%, 04/01/2053	48,000		45,339
Southern Co. Gas Capital Corp., 1.75%, 01/15/2031	290,000		233,891
Southwestern Energy Co., 5.38%, 03/15/2030	164,000		157,855
Tampa Electric Co., 4.90%, 03/01/2029	264,000		260,884
Targa Resources Corp., 5.20%, 07/01/2027	301,000		299,648
Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/2028	341,000		326,128
Valero Energy Corp., 6.63%, 06/15/2037	300,000		319,748
Venture Global LNG, Inc., 9.50%, 02/01/2029 (a)	149,000		161,715
Vistra Operations Co. LLC
3.70%, 01/30/2027(a)	173,000		163,977
4.38%, 05/01/2029(a)	100,000		92,661
6.95%, 10/15/2033(a)	115,000		122,588
Williams Cos., Inc., 5.30%, 08/15/2028	89,000		88,947
			16,759,025
Equity Real Estate Investment Trusts (REITs) - 0.2%
Crown Castle, Inc., 1.05%, 07/15/2026	150,000		136,672
EPR Properties
4.50%, 04/01/2025	25,000		24,673
3.75%, 08/15/2029	303,000		269,367
Iron Mountain, Inc.
5.25%, 07/15/2030(a)	90,000		84,223
4.50%, 02/15/2031(a)	181,000		161,245
Kimco Realty OP LLC, 4.60%, 02/01/2033	355,000		331,089
Realty Income Corp.
4.70%, 12/15/2028	103,000		100,356
4.00%, 07/15/2029	202,000		190,052
3.10%, 12/15/2029	161,000		143,870
			1,441,547
Financial Services - 2.5%
American Express Co.
5.53% to 04/25/2029 then SOFR + 1.09%, 04/25/2030	260,000		262,117
6.49% to 10/30/2030 then SOFR + 1.94%, 10/30/2031	230,000		244,612
5.92% to 04/25/2034 then SOFR + 1.63%, 04/25/2035	475,000		480,221
Bank of New York Mellon Corp.
3.75% to 12/20/2026 then 5 yr. CMT Rate + 2.63%, Perpetual	320,000		294,536
6.47% to 10/25/2033 then SOFR + 1.85%, 10/25/2034	177,000		190,478
Blackstone Holdings Finance Co. LLC, 3.15%, 10/02/2027 (a)	35,000		32,701
Blackstone Private Credit Fund, 4.70%, 03/24/2025	197,000		194,920
Capital One Financial Corp.
4.99% to 07/24/2025 then SOFR + 2.16%, 07/24/2026	295,000		292,267
6.31% to 06/08/2028 then SOFR + 2.64%, 06/08/2029	616,000		627,874
7.62% to 10/30/2030 then SOFR + 3.07%, 10/30/2031	170,000		185,687
5.82% to 02/01/2033 then SOFR + 2.60%, 02/01/2034	462,000		455,191
6.05% to 02/01/2034 then SOFR + 2.26%, 02/01/2035	255,000		255,714
Carlyle Finance LLC, 5.65%, 09/15/2048 (a)	51,000		48,728
Charles Schwab Corp., 4.00% to 06/01/2026 then 5 yr. CMT Rate + 3.17%, Perpetual	353,000		328,771
Corebridge Financial, Inc., 5.75%, 01/15/2034	395,000		397,018
Corebridge Global Funding, 5.20%, 01/12/2029 (a)	147,000		145,813
CRH America Finance, Inc., 5.40%, 05/21/2034	320,000		316,088
FirstCash, Inc., 6.88%, 03/01/2032 (a)	136,000		135,060
Freedom Mortgage Corp., 12.25%, 10/01/2030 (a)	116,000		127,239
General Motors Financial Co., Inc.
6.05%, 10/10/2025	573,000		575,877
5.75%, 02/08/2031	476,000		475,209
Goldman Sachs Group, Inc.
3.27% to 09/29/2024 then 3 mo. Term SOFR + 1.46%, 09/29/2025	720,000		714,090
1.43% to 03/09/2026 then SOFR + 0.80%, 03/09/2027	1,024,000		952,430
1.95% to 10/21/2026 then SOFR + 0.91%, 10/21/2027	768,000		705,963
3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029	697,000		657,688
2.60%, 02/07/2030	369,000		320,953
6.13%, 02/15/2033	211,000		222,547
Hyundai Capital America
1.80%, 10/15/2025(a)	401,000		380,462
1.50%, 06/15/2026(a)	233,000		214,492
3.50%, 11/02/2026(a)	94,000		89,494
5.30%, 03/19/2027(a)	10,000		9,952
Jane Street Group / JSG Finance, Inc., 7.13%, 04/30/2031 (a)	244,000		248,488
Jefferson Capital Holdings LLC, 9.50%, 02/15/2029 (a)	133,000		136,876
Mercedes-Benz Finance North America LLC
3.50%, 08/03/2025(a)	726,000		710,302
4.80%, 03/30/2026(a)	436,000		432,471
3.75%, 02/22/2028(a)	1,071,000		1,022,893
2.63%, 03/10/2030(a)	857,000		751,909
Morgan Stanley
2.72% to 07/22/2024 then SOFR + 1.15%, 07/22/2025	345,000		343,472
3.63%, 01/20/2027	365,000		350,889
2.48% to 01/21/2027 then SOFR + 1.00%, 01/21/2028	160,000		148,562
3.59%, 07/22/2028(b)	208,000		197,196
5.16% to 04/20/2028 then SOFR + 1.59%, 04/20/2029	133,000		131,968
5.42% to 07/21/2033 then SOFR + 1.88%, 07/21/2034	190,000		187,797
5.83% to 04/19/2034 then SOFR + 1.58%, 04/19/2035	250,000		254,428
5.95% to 01/19/2033 then 5 yr. CMT Rate + 2.43%, 01/19/2038	355,000		352,047
OneMain Finance Corp., 3.50%, 01/15/2027	80,000		74,046
PRA Group, Inc., 5.00%, 10/01/2029 (a)	286,000		242,061
Prime Security Services Borrower LLC / Prime Finance, Inc., 6.25%, 01/15/2028 (a)	100,000		98,405
Radian Group, Inc., 6.20%, 05/15/2029	280,000		281,449
S&P Global, Inc.
3.70%, 03/01/2052	185,000		139,382
3.90%, 03/01/2062	119,000		88,582
State Street Corp., 6.12% to 11/21/2033 then SOFR + 1.96%, 11/21/2034	354,000		365,619
StoneX Group, Inc., 7.88%, 03/01/2031 (a)	159,000		162,835
United Wholesale Mortgage LLC, 5.50%, 04/15/2029 (a)	341,000		319,582
			17,375,451
Food, Beverage & Tobacco - 0.6%
Anheuser-Busch InBev Finance, Inc.
4.70%, 02/01/2036	403,000		379,815
4.90%, 02/01/2046	182,000		164,955
Anheuser-Busch InBev Worldwide, Inc.
5.00%, 06/15/2034	320,000		314,070
8.20%, 01/15/2039	355,000		448,817
Aramark Services, Inc., 5.00%, 02/01/2028 (a)	150,000		143,515
Campbell Soup Co.
5.30%, 03/20/2026	10,000		9,977
4.80%, 03/15/2048	475,000		412,552
Constellation Brands, Inc., 4.90%, 05/01/2033	655,000		628,849
J M Smucker Co., 6.20%, 11/15/2033	355,000		370,352
Performance Food Group, Inc., 5.50%, 10/15/2027 (a)	50,000		48,799
Philip Morris International, Inc.
5.13%, 02/15/2030	580,000		575,004
5.75%, 11/17/2032	405,000		412,892
5.63%, 09/07/2033	356,000		358,566
			4,268,163
Health Care Equipment & Services - 0.9%
Acadia Healthcare Co, Inc., 5.00%, 04/15/2029 (a)	70,000		66,057
Adventist Health System/West, 3.63%, 03/01/2049	33,000		23,742
Allina Health System, 4.81%, 11/15/2045	511,000		458,372
Centene Corp., 4.63%, 12/15/2029	463,000		436,341
CommonSpirit Health
6.07%, 11/01/2027	63,000		64,491
4.35%, 11/01/2042	45,000		38,274
5.55%, 12/01/2054	777,000		755,306
CVS Health Corp.
3.00%, 08/15/2026	320,000		303,843
5.13%, 02/21/2030	225,000		221,086
5.63%, 02/21/2053	161,000		148,750
5.88%, 06/01/2053	195,000		186,575
6.05%, 06/01/2054	200,000		195,686
Dignity Health, 4.50%, 11/01/2042	414,000		367,528
Hartford HealthCare Corp., 3.45%, 07/01/2054	465,000		332,892
HCA, Inc.
5.38%, 09/01/2026	55,000		54,802
4.50%, 02/15/2027	255,000		248,711
5.88%, 02/01/2029	215,000		217,977
Humana, Inc., 5.50%, 03/15/2053	102,000		94,742
Montefiore Obligated Group, 4.29%, 09/01/2050	10,000		6,357
Mount Sinai Hospital, 3.98%, 07/01/2048	15,000		11,792
MultiCare Health System, 2.80%, 08/15/2050	82,000		48,349
Novant Health, Inc., 3.17%, 11/01/2051	52,000		34,485
NYU Langone Hospitals, 4.37%, 07/01/2047	17,000		14,939
Piedmont Healthcare, Inc., 2.04%, 01/01/2032	7,000		5,618
SSM Health Care Corp., 4.89%, 06/01/2028	365,000		360,963
Sutter Health
2.29%, 08/15/2030	28,000		23,860
5.16%, 08/15/2033	49,000		48,769
Tenet Healthcare Corp., 4.63%, 06/15/2028	150,000		142,728
UnitedHealth Group, Inc.
4.60%, 04/15/2027	10,000		9,888
4.25%, 01/15/2029	631,000		610,281
5.38%, 04/15/2054	210,000		203,222
Universal Health Services, Inc., 2.65%, 01/15/2032	36,000		29,214
Willis-Knighton Medical Center, 4.81%, 09/01/2048	16,000		13,995
Zimmer Biomet Holdings, Inc.
1.45%, 11/22/2024	5,000		4,898
3.55%, 03/20/2030	248,000		223,780
			6,008,313
Household & Personal Products - 0.1%
Estee Lauder Cos., Inc., 6.00%, 05/15/2037	136,000		142,953
Kenvue, Inc.
5.05%, 03/22/2053	177,000		166,020
5.20%, 03/22/2063	41,000		38,460
			347,433
Insurance - 0.8%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 6.75%, 04/15/2028 (a)	50,000		50,168
American International Group, Inc., 5.13%, 03/27/2033	265,000		259,772
Aon Corp. / Aon Global Holdings PLC, 5.35%, 02/28/2033	211,000		207,900
Aon North America, Inc.
5.15%, 03/01/2029	711,000		706,473
5.30%, 03/01/2031	210,000		209,004
5.45%, 03/01/2034	625,000		618,301
5.75%, 03/01/2054	85,000		83,417
Arthur J Gallagher & Co.
5.75%, 03/02/2053	4,000		3,864
6.75%, 02/15/2054	84,000		92,323
CNA Financial Corp., 4.50%, 03/01/2026	590,000		579,752
CNO Financial Group, Inc.
5.25%, 05/30/2029	436,000		421,510
6.45%, 06/15/2034	204,000		204,552
Farmers Insurance Exchange, 4.75% to 11/01/2037 then 3 mo. LIBOR US + 3.23%, 11/01/2057  (a)(c)	75,000		55,280
Guardian Life Global Funding, 3.25%, 03/29/2027 (a)	66,000		62,802
HUB International Ltd., 7.25%, 06/15/2030 (a)	100,000		101,685
Marsh & McLennan Cos., Inc.
5.45%, 03/15/2053	47,000		45,500
5.45%, 03/15/2054	140,000		135,905
Metropolitan Life Global Funding I, 5.15%, 03/28/2033 (a)	233,000		229,297
Mutual of Omaha Insurance Co., 6.14% to 01/16/2054 then 10 yr. CMT Rate + 2.95%, 01/16/2064  (a)	400,000		389,920
Primerica, Inc., 2.80%, 11/19/2031	503,000		415,881
Principal Financial Group, Inc., 5.50%, 03/15/2053	77,000		73,735
Prudential Financial, Inc., 5.70% to 09/15/2028 then 3 mo. LIBOR US + 2.67%, 09/15/2048  (c)	238,000		233,527
Travelers Cos., Inc., 5.45%, 05/25/2053	140,000		140,055
W R Berkley Corp., 4.75%, 08/01/2044	177,000		155,941
			5,476,564
Materials - 0.2%
Berry Global, Inc.
4.88%, 07/15/2026(a)	256,000		251,931
5.50%, 04/15/2028(a)	71,000		70,589
5.65%, 01/15/2034(a)	3,000		2,927
Celanese US Holdings LLC, 6.70%, 11/15/2033	205,000		215,423
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC, 6.63%, 07/15/2030 (a)	100,000		100,804
International Paper Co., 6.00%, 11/15/2041	177,000		174,195
Mosaic Co., 5.45%, 11/15/2033	508,000		500,984
Packaging Corp. of America, 4.05%, 12/15/2049	92,000		71,644
Sherwin-Williams Co., 4.55%, 08/01/2045	6,000		5,094
Standard Industries, Inc., 4.75%, 01/15/2028 (a)	100,000		95,048
			1,488,639
Media & Entertainment - 0.4%
Alphabet, Inc., 2.25%, 08/15/2060	60,000		33,294
CCO Holdings LLC / CCO Holdings Capital Corp., 4.50%, 05/01/2032	130,000		103,180
Comcast Corp., 3.30%, 02/01/2027	100,000		95,675
Cox Communications, Inc., 3.50%, 08/15/2027 (a)	1,029,000		973,084
Discovery Communications LLC, 4.88%, 04/01/2043	5,000		4,006
Sirius XM Radio, Inc., 4.13%, 07/01/2030 (a)	100,000		83,851
Take-Two Interactive Software, Inc., 4.95%, 03/28/2028	214,000		211,415
TEGNA, Inc., 5.00%, 09/15/2029	174,000		153,059
Walt Disney Co., 3.80%, 05/13/2060	121,000		89,362
Warnermedia Holdings, Inc.
3.76%, 03/15/2027	398,000		377,178
5.14%, 03/15/2052	1,015,000		799,296
Ziff Davis, Inc., 4.63%, 10/15/2030 (a)	120,000		107,195
			3,030,595
Pharmaceuticals, Biotechnology & Life Sciences - 0.7%
AbbVie, Inc.
2.95%, 11/21/2026	1,145,000		1,087,130
4.95%, 03/15/2031	255,000		252,580
4.05%, 11/21/2039	120,000		103,313
5.40%, 03/15/2054	70,000		68,868
5.50%, 03/15/2064	220,000		215,832
Amgen, Inc.
5.60%, 03/02/2043	60,000		59,309
5.65%, 03/02/2053	22,000		21,668
5.75%, 03/02/2063	771,000		757,052
Bristol-Myers Squibb Co., 5.65%, 02/22/2064	225,000		219,351
Eli Lilly & Co.
5.00%, 02/27/2026	228,000		227,974
4.95%, 02/27/2063	147,000		135,391
Johnson & Johnson, 3.40%, 01/15/2038	246,000		204,734
Mars, Inc.
2.70%, 04/01/2025(a)	348,000		340,541
4.55%, 04/20/2028(a)	147,000		144,113
Regeneron Pharmaceuticals, Inc., 2.80%, 09/15/2050	76,000		46,360
Utah Acquisition Sub, Inc., 3.95%, 06/15/2026	495,000		477,417
Viatris, Inc., 2.70%, 06/22/2030	166,000		139,522
			4,501,155
Real Estate Management & Development - 0.5%
Brixmor Operating Partnership LP, 5.50%, 02/15/2034	2,000		1,950
COPT Defense Properties LP
2.75%, 04/15/2031	546,000		448,870
2.90%, 12/01/2033	446,000		347,844
Equinix Europe 2 Financing Corp. LLC, 5.50%, 06/15/2034	175,000		172,743
Holcim Finance US LLC, 3.50%, 09/22/2026 (a)	345,000		330,510
Kilroy Realty LP
3.45%, 12/15/2024	117,000		115,544
2.50%, 11/15/2032	261,000		194,461
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer, 5.88%, 10/01/2028 (a)	80,000		78,453
Prologis LP
1.63%, 03/15/2031	28,000		22,221
4.75%, 06/15/2033	583,000		558,800
Regency Centers LP, 4.65%, 03/15/2049	219,000		183,574
RHP Hotel Properties LP / RHP Finance Corp., 4.75%, 10/15/2027	30,000		28,791
Shea Homes LP / Shea Homes Funding Corp., 4.75%, 02/15/2028	40,000		37,842
Simon Property Group LP
6.25%, 01/15/2034	240,000		252,378
6.75%, 02/01/2040	227,000		247,078
5.85%, 03/08/2053	84,000		83,357
Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC, 10.50%, 02/15/2028 (a)	40,000		40,037
Ventas Realty LP, 3.00%, 01/15/2030	195,000		170,505
VICI Properties LP / VICI Note Co., Inc., 5.75%, 02/01/2027 (a)	183,000		182,779
			3,497,737
Semiconductors & Semiconductor Equipment - 0.2%
Analog Devices, Inc., 5.30%, 04/01/2054	185,000		179,684
Broadcom, Inc., 3.15%, 11/15/2025	70,000		67,684
Intel Corp.
5.15%, 02/21/2034	440,000		430,599
5.60%, 02/21/2054	150,000		144,362
5.90%, 02/10/2063	75,000		74,396
Micron Technology, Inc.
5.38%, 04/15/2028	139,000		139,399
5.88%, 09/15/2033	38,000		38,878
			1,075,002
Software & Services - 0.4%
Adobe, Inc.
4.80%, 04/04/2029	330,000		329,134
4.95%, 04/04/2034	725,000		716,000
ASGN, Inc., 4.63%, 05/15/2028 (a)	40,000		37,538
International Business Machines Corp., 4.90%, 07/27/2052	808,000		718,547
Kyndryl Holdings, Inc., 3.15%, 10/15/2031	292,000		244,969
Oracle Corp.
2.30%, 03/25/2028	210,000		188,799
3.60%, 04/01/2050	125,000		86,782
UKG, Inc., 6.88%, 02/01/2031 (a)	50,000		50,386
VMware, Inc., 3.90%, 08/21/2027	639,000		610,261
			2,982,416
Technology Hardware & Equipment - 0.5%
Avnet, Inc., 6.25%, 03/15/2028	305,000		312,100
CDW LLC / CDW Finance Corp., 2.67%, 12/01/2026	145,000		134,899
Cisco Systems, Inc.
4.85%, 02/26/2029	490,000		488,094
4.95%, 02/26/2031	405,000		402,168
5.05%, 02/26/2034	420,000		416,734
5.30%, 02/26/2054	140,000		137,033
Hewlett Packard Enterprise Co., 4.90%, 10/15/2025	451,000		447,453
Jabil, Inc., 5.45%, 02/01/2029	107,000		106,488
LPL Holdings, Inc.
5.70%, 05/20/2027	256,000		256,711
4.00%, 03/15/2029(a)	5,000		4,637
Vontier Corp., 2.40%, 04/01/2028	374,000		328,446
			3,034,763
Telecommunication Services - 0.5%
AT&T, Inc.
1.65%, 02/01/2028	349,000		308,174
3.50%, 09/15/2053	260,000		175,314
3.55%, 09/15/2055	702,000		470,520
Frontier Communications Holdings LLC, 5.88%, 10/15/2027 (a)	100,000		97,484
T-Mobile USA, Inc.
3.75%, 04/15/2027	398,000		381,436
4.75%, 02/01/2028	315,000		309,223
3.38%, 04/15/2029	797,000		730,092
2.55%, 02/15/2031	375,000		315,860
2.88%, 02/15/2031	413,000		355,116
4.38%, 04/15/2040	85,000		73,766
3.30%, 02/15/2051	140,000		94,037
Verizon Communications, Inc.
5.05%, 05/09/2033	265,000		260,399
4.67%, 03/15/2055	44,000		38,086
			3,609,507
Transportation - 0.2%
Delta Air Lines, Inc., 7.00%, 05/01/2025 (a)	151,000		152,435
Southwest Airlines Co., 5.25%, 05/04/2025	400,000		398,416
TransDigm, Inc., 6.75%, 08/15/2028 (a)	150,000		151,934
TTX Co., 4.60%, 02/01/2049 (a)	358,000		312,940
Union Pacific Corp., 5.15%, 01/20/2063	40,000		36,869
United Airlines 2020-1 Class A Pass Through Trust, Series 2020-1, 5.88%, 10/15/2027	162,533		162,709
United Airlines Class B Pass Through Trust, Series 2020-1, 4.88%, 01/15/2026	327,600		321,983
XPO, Inc., 7.13%, 02/01/2032 (a)	25,000		25,489
			1,562,775
Utilities - 0.9%
American Electric Power Co., Inc., 5.63%, 03/01/2033	4,000		3,971
Antero Midstream Partners LP / Antero Midstream Finance Corp., 5.38%, 06/15/2029 (a)	40,000		38,306
Calpine Corp., 5.00%, 02/01/2031 (a)	150,000		138,650
Cameron LNG LLC, 3.30%, 01/15/2035 (a)	151,000		123,722
CenterPoint Energy Houston Electric LLC, 4.95%, 04/01/2033	249,000		241,882
DTE Energy Co., 1.05%, 06/01/2025	280,000		267,902
Duke Energy Corp.
4.85%, 01/05/2027	465,000		460,441
5.75%, 09/15/2033	452,000		456,621
4.20%, 06/15/2049	211,000		163,459
Edison International
5.75%, 06/15/2027	332,000		333,772
6.95%, 11/15/2029	15,000		15,941
El Paso Natural Gas Co. LLC, 3.50%, 02/15/2032 (a)	174,000		147,251
Evergy Kansas Central, Inc., 5.70%, 03/15/2053	62,000		60,606
Evergy, Inc., 2.45%, 09/15/2024	135,000		133,728
Eversource Energy, 5.50%, 01/01/2034	220,000		215,106
Exelon Corp., 5.60%, 03/15/2053	139,000		134,236
Florida Gas Transmission Co. LLC, 2.55%, 07/01/2030 (a)	7,000		6,015
Interstate Power and Light Co.
2.30%, 06/01/2030	190,000		160,456
5.70%, 10/15/2033	140,000		141,190
National Fuel Gas Co., 5.50%, 10/01/2026	77,000		76,696
Pacific Gas and Electric Co.
6.40%, 06/15/2033	210,000		217,718
6.95%, 03/15/2034	290,000		312,287
4.95%, 07/01/2050	220,000		182,980
Southern Co.
3.25%, 07/01/2026	590,000		566,303
5.20%, 06/15/2033	731,000		716,003
5.70%, 03/15/2034	444,000		450,196
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 03/01/2027 (a)	100,000		97,973
Texas Eastern Transmission LP, 3.50%, 01/15/2028 (a)	297,000		278,674
Union Electric Co., 5.45%, 03/15/2053	60,000		57,662
Virginia Electric and Power Co., 5.45%, 04/01/2053	164,000		156,795
			6,356,542
TOTAL CORPORATE BONDS (Cost $112,726,852)			111,953,664
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 8.7%	Par		Value
Federal Home Loan Mortgage Corp.
5.55%, 02/09/2027	1,116,000		1,115,426
0.90%, 10/13/2027	38,000		33,325
5.63%, 02/07/2028	397,000		396,301
0.00%, 12/14/2029(d)	301,000		232,408
Pool MA4600, 3.50%, 05/01/2052	2,663,140		2,334,738
Pool QB8934, 2.50%, 02/01/2051	26,218		21,165
Pool QC6759, 2.00%, 09/01/2051	29,565		22,803
Pool QF7085, 5.50%, 02/01/2053	68,580		67,549
Pool RA3661, 2.50%, 10/01/2050	115,505		94,238
Pool RA6605, 3.00%, 01/01/2052	25,351		21,317
Pool RA6815, 2.50%, 02/01/2052	251,052		204,732
Pool RA7326, 3.50%, 05/01/2052	31,835		27,893
Pool RA7587, 3.50%, 06/01/2052	196,594		173,522
Pool RA9475, 5.00%, 07/01/2053	192,139		184,814
Pool SD0781, 3.00%, 11/01/2051	76,102		64,278
Pool SD1117, 4.50%, 06/01/2052	20,445		19,181
Pool SD1377, 3.50%, 07/01/2052	417,111		367,514
Pool SD1505, 4.50%, 08/01/2052	87,864		82,336
Pool SD1549, 3.50%, 04/01/2052	65,782		58,032
Pool SD2253, 3.50%, 12/01/2052	163,213		143,060
Pool SD2862, 6.00%, 05/01/2053	22,717		22,797
Pool SD3218, 5.00%, 05/01/2053	24,009		23,091
Pool SD3611, 3.00%, 03/01/2052	23,555		19,884
Pool SD3770, 2.50%, 03/01/2052	259,270		209,830
Pool SD3977, 5.00%, 04/01/2053	787,043		757,537
Pool SD3983, 5.50%, 09/01/2053	24,024		23,681
Pool SD4428, 2.50%, 05/01/2052	24,104		19,570
Pool SD4553, 3.00%, 09/01/2053	660,409		555,169
Pool SD4712, 4.50%, 12/01/2052	43,418		40,628
Pool SD4835, 2.50%, 02/01/2051	516,849		419,822
Pool SD4997, 5.00%, 10/01/2053	1,724,103		1,658,684
Pool SD5314, 3.00%, 01/01/2053	124,724		104,937
Pool SD8114, 2.50%, 12/01/2050	1,011,459		821,825
Pool SD8135, 2.50%, 03/01/2051	28,360		23,061
Pool SD8150, 2.00%, 06/01/2051	611,963		473,526
Pool SD8157, 3.00%, 07/01/2051	195,202		164,877
Pool SD8166, 2.00%, 09/01/2051	643,166		497,696
Pool SD8167, 2.50%, 09/01/2051	88,812		71,940
Pool SD8188, 2.00%, 01/01/2052	391,756		302,706
Pool SD8193, 2.00%, 02/01/2052	88,552		68,324
Pool SD8199, 2.00%, 03/01/2052	245,094		189,184
Pool SD8205, 2.50%, 04/01/2052	195,741		158,236
Pool SD8214, 3.50%, 05/01/2052	1,917,592		1,680,982
Pool SD8215, 4.00%, 05/01/2052	224,118		203,670
Pool SD8221, 3.50%, 06/01/2052	470,986		412,870
Pool SD8222, 4.00%, 06/01/2052	87,037		79,018
Pool SD8225, 3.00%, 07/01/2052	220,376		185,310
Pool SD8227, 4.00%, 07/01/2052	1,010,878		917,760
Pool SD8234, 2.50%, 08/01/2052	1,888,926		1,525,967
Pool SD8242, 3.00%, 09/01/2052	73,615		61,901
Pool SD8243, 3.50%, 09/01/2052	377,987		331,168
Pool SD8244, 4.00%, 09/01/2052	206,828		187,653
Pool SD8257, 4.50%, 10/01/2052	31,637		29,605
Pool SD8258, 5.00%, 10/01/2052	187,076		180,103
Pool SD8264, 3.50%, 11/01/2052	60,322		52,872
Pool SD8265, 4.00%, 11/01/2052	417,594		379,020
Pool SD8266, 4.50%, 11/01/2052	96,296		90,109
Pool SD8288, 5.00%, 01/01/2053	22,946		22,088
Pool SD8315, 5.00%, 04/01/2053	186,889		179,844
Pool SD8316, 5.50%, 04/01/2053	354,384		348,609
Pool SD8324, 5.50%, 05/01/2053	691,477		680,013
Pool SD8325, 6.00%, 05/01/2053	121,375		121,512
Pool SD8331, 5.50%, 06/01/2053	967,299		950,897
Pool SD8363, 6.00%, 09/01/2053	326,693		326,972
Pool SD8368, 6.00%, 10/01/2053	127,149		127,251
Pool SD8373, 6.00%, 11/01/2053	28,450		28,473
Pool SD8382, 5.00%, 12/01/2053	341,691		328,570
Pool SD8397, 6.50%, 01/01/2054	42,250		42,935
Pool SD8401, 5.50%, 02/01/2054	24,498		24,081
Pool SD8402, 6.00%, 02/01/2054	101,636		101,691
Federal National Mortgage Association
7.25%, 05/15/2030	145,000		164,666
Pool BP3478, 2.00%, 06/01/2051	24,775		19,229
Pool BT6823, 2.50%, 10/01/2051	177,161		143,470
Pool BT9030, 2.00%, 08/01/2051	26,128		20,223
Pool BU7102, 2.50%, 12/01/2051	98,489		79,682
Pool BW0015, 4.00%, 07/01/2052	26,873		24,422
Pool BX5065, 5.50%, 01/01/2053	22,789		22,438
Pool CA6435, 3.50%, 07/01/2050	1,353,628		1,188,205
Pool CA7248, 2.50%, 10/01/2050	31,798		25,759
Pool CA8026, 2.50%, 12/01/2050	1,342,094		1,085,069
Pool CB1066, 2.50%, 07/01/2051	287,808		233,074
Pool CB1149, 3.00%, 07/01/2051	269,947		227,601
Pool CB3600, 3.50%, 05/01/2052	168,216		148,490
Pool CB3771, 3.50%, 06/01/2052	455,034		398,935
Pool CB4020, 4.00%, 07/01/2052	37,938		34,467
Pool CB4121, 4.00%, 07/01/2052	235,294		213,860
Pool CB4852, 4.50%, 10/01/2052	268,133		250,911
Pool CB5906, 5.50%, 03/01/2053	23,300		22,961
Pool CB6031, 5.00%, 04/01/2053	51,452		49,625
Pool CB6201, 6.00%, 05/01/2053	45,730		45,830
Pool CB6308, 4.50%, 05/01/2053	894,233		837,058
Pool CB6475, 5.00%, 06/01/2053	827,670		796,503
Pool CB6619, 5.50%, 06/01/2053	64,131		63,043
Pool FM9067, 2.50%, 10/01/2051	495,752		400,486
Pool FM9540, 2.00%, 11/01/2051	245,886		191,544
Pool FS0176, 2.50%, 01/01/2052	402,936		325,993
Pool FS0288, 2.00%, 01/01/2052	82,293		64,044
Pool FS0631, 3.00%, 02/01/2052	31,975		26,954
Pool FS1790, 4.00%, 05/01/2052	21,425		19,439
Pool FS2040, 2.00%, 02/01/2052	89,400		69,106
Pool FS2321, 2.50%, 02/01/2052	486,719		394,462
Pool FS2512, 3.50%, 07/01/2052	319,402		281,408
Pool FS2805, 2.50%, 09/01/2052	339,177		274,347
Pool FS3251, 6.00%, 11/01/2052	62,934		63,027
Pool FS3497, 3.50%, 08/01/2052	209,173		183,380
Pool FS3569, 3.00%, 02/01/2052	185,709		156,261
Pool FS4035, 5.00%, 03/01/2053	714,790		688,055
Pool FS4110, 2.50%, 03/01/2052	54,257		43,950
Pool FS4114, 4.50%, 03/01/2053	23,129		21,643
Pool FS4377, 3.00%, 04/01/2052	1,555,772		1,308,328
Pool FS4874, 5.50%, 06/01/2053	23,431		23,075
Pool FS4919, 2.50%, 05/01/2053	523,759		423,552
Pool FS5235, 5.50%, 07/01/2053	207,374		203,905
Pool FS5673, 4.00%, 02/01/2053	360,724		327,416
Pool FS5846, 2.50%, 09/01/2052	81,611		66,062
Pool FS6288, 5.50%, 10/01/2053	24,338		23,988
Pool FS6471, 3.00%, 05/01/2052	97,119		81,696
Pool FS6633, 3.00%, 06/01/2052	448,782		377,617
Pool FS6838, 5.50%, 11/01/2053	63,646		62,568
Pool FS6866, 5.00%, 10/01/2053	300,550		289,155
Pool FS7252, 5.00%, 11/01/2053	172,427		165,833
Pool MA4078, 2.50%, 07/01/2050	242,006		197,161
Pool MA4211, 3.00%, 12/01/2050	25,354		21,560
Pool MA4305, 2.00%, 04/01/2051	197,065		152,814
Pool MA4398, 2.00%, 08/01/2051	70,946		54,951
Pool MA4413, 2.00%, 09/01/2051	50,658		39,247
Pool MA4493, 2.50%, 12/01/2051	24,436		19,774
Pool MA4512, 2.50%, 01/01/2052	85,594		69,068
Pool MA4548, 2.50%, 02/01/2052	133,502		107,985
Pool MA4562, 2.00%, 03/01/2052	178,826		138,259
Pool MA4563, 2.50%, 03/01/2052	110,924		89,614
Pool MA4565, 3.50%, 03/01/2052	37,023		32,555
Pool MA4578, 2.50%, 04/01/2052	320,841		259,397
Pool MA4579, 3.00%, 04/01/2052	239,503		201,300
Pool MA4597, 2.00%, 05/01/2052	425,965		328,744
Pool MA4598, 2.50%, 05/01/2052	85,868		69,423
Pool MA4599, 3.00%, 05/01/2052	40,443		34,017
Pool MA4625, 3.50%, 06/01/2052	80,806		70,842
Pool MA4653, 3.00%, 07/01/2052	193,294		162,567
Pool MA4655, 4.00%, 07/01/2052	857,259		777,653
Pool MA4684, 4.50%, 06/01/2052	73,819		69,078
Pool MA4698, 3.00%, 08/01/2052	230,813		194,105
Pool MA4700, 4.00%, 08/01/2052	457,398		415,660
Pool MA4732, 4.00%, 09/01/2052	286,873		260,553
Pool MA4733, 4.50%, 09/01/2052	44,936		42,050
Pool MA4761, 5.00%, 09/01/2052	341,108		328,491
Pool MA4783, 4.00%, 10/01/2052	124,662		113,187
Pool MA4784, 4.50%, 10/01/2052	234,338		219,286
Pool MA4786, 5.50%, 10/01/2052	29,512		29,073
Pool MA4805, 4.50%, 11/01/2052	142,003		132,882
Pool MA4868, 5.00%, 01/01/2053	27,708		26,676
Pool MA4917, 4.50%, 02/01/2053	32,875		30,763
Pool MA4918, 5.00%, 02/01/2053	316,915		305,046
Pool MA4940, 5.00%, 03/01/2053	27,596		26,561
Pool MA4978, 5.00%, 04/01/2053	416,513		400,849
Pool MA5009, 5.00%, 05/01/2053	580,279		558,087
Pool MA5010, 5.50%, 05/01/2053	31,302		30,777
Pool MA5038, 5.00%, 06/01/2053	2,081,610		2,003,004
Pool MA5071, 5.00%, 07/01/2053	346,170		332,931
Pool MA5073, 6.00%, 07/01/2053	251,544		251,836
Pool MA5089, 4.00%, 07/01/2053	167,044		151,558
Pool MA5106, 5.00%, 08/01/2053	452,903		435,672
Pool MA5107, 5.50%, 08/01/2053	327,802		322,303
Pool MA5108, 6.00%, 08/01/2053	73,736		73,821
Pool MA5138, 5.50%, 09/01/2053	829,986		815,911
Pool MA5139, 6.00%, 09/01/2053	1,191,845		1,192,805
Pool MA5165, 5.50%, 10/01/2053	23,871		23,466
Pool MA5166, 6.00%, 10/01/2053	1,351,865		1,352,808
Pool MA5192, 6.50%, 11/01/2053	220,603		224,212
Pool MA5215, 5.50%, 12/01/2053	703,430		691,504
Pool MA5216, 6.00%, 12/01/2053	476,313		476,645
Pool MA5217, 6.50%, 12/01/2053	277,914		282,416
Pool MA5245, 5.00%, 01/01/2054	2,733,366		2,628,404
Pool MA5247, 6.00%, 01/01/2054	24,106		24,120
Pool MA5294, 5.00%, 03/01/2054	1,126,588		1,083,327
Pool MA5297, 6.50%, 03/01/2054	28,765		29,231
Pool MA5331, 5.50%, 04/01/2054	788,195		774,705
Ginnie Mae II Pool
Pool MA7935, 2.00%, 03/20/2052	299,618		240,153
Pool MA7936, 2.50%, 03/20/2052	828,727		690,409
Pool MA8099, 3.50%, 06/20/2052	70,611		62,990
Pool MA8149, 3.50%, 07/20/2052	36,676		32,718
Pool MA8151, 4.50%, 07/20/2052	156,446		148,009
Pool MA8201, 4.50%, 08/20/2052	26,987		25,532
Pool MA8492, 6.00%, 12/20/2052	20,204		20,353
Pool MA8566, 3.50%, 01/20/2053	203,967		181,954
Pool MA8800, 5.00%, 04/20/2053	564,347		547,559
Pool MA8801, 5.50%, 04/20/2053	597,015		592,370
Pool MA8877, 4.50%, 05/20/2053	480,552		454,126
Pool MA8947, 5.00%, 06/20/2053	217,445		210,978
Pool MA8948, 5.50%, 06/20/2053	227,566		225,787
Pool MA9016, 5.00%, 07/20/2053	48,581		47,130
Pool MA9018, 6.00%, 07/20/2053	68,446		68,949
Pool MA9107, 6.00%, 08/20/2053	56,221		56,626
Pool MA9172, 6.00%, 09/20/2053	121,234		122,106
Pool MA9240, 5.00%, 10/20/2053	54,267		52,623
Pool MA9242, 6.00%, 10/20/2053	617,641		622,085
Pool MA9304, 5.00%, 11/20/2053	24,671		23,924
Pool MA9424, 6.00%, 01/20/2054	113,916		114,736
Pool MA9488, 5.50%, 02/20/2054	24,819		24,621
Government National Mortgage Association
Pool MA7826, 2.00%, 01/20/2052	67,875		54,413
Pool MA7827, 2.50%, 01/20/2052	184,595		153,790
Series 2021-156, Class LI, 4.00%, 09/20/2051(e)	662,945		127,723
HUD Office of the Secretary
Series 2020-107, Class AB, 1.00%, 07/20/2050	52,336		39,026
Series 2020-112, Class KA, 1.00%, 08/20/2050	48,167		35,786
Series 2021-103, Class HE, 2.00%, 06/20/2051	35,938		28,925
United States Department of the Treasury, 5.40%, 12/21/2026	275,000		274,566
United States of America, 5.20%, 02/17/2026	705,000		703,757
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES (Cost $60,564,514)			59,709,854
FOREIGN CORPORATE BONDS - 4.5%	Par		Value
Automobiles & Components - 0.0%(f)
Toyota Motor Corp., 2.36%, 03/25/2031	108,000		92,320
Banks - 1.9%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/2026	568,000		528,292
ASB Bank Ltd.
5.35%, 06/15/2026(a)	323,000		322,836
5.28% to 06/17/2027 then 5 yr. CMT Rate + 2.25%, 06/17/2032  (a)	159,000		156,363
Australia & New Zealand Banking Group Ltd./New York NY, 4.75%, 01/18/2027	361,000		358,501
Banco Bilbao Vizcaya Argentaria SA, 6.14% to 09/14/2027 then 1 yr. CMT Rate + 2.70%, 09/14/2028	167,000		170,070
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.38%, 04/11/2027 (a)	349,000		336,664
Banco Santander SA, 6.92%, 08/08/2033	600,000		630,565
Bancolombia SA, 3.00%, 01/29/2025	203,000		199,147
Bank of Ireland Group PLC, 6.25% to 09/16/2025 then 1 yr. CMT Rate + 2.65%, 09/16/2026  (a)	452,000		454,254
Bank of Nova Scotia
1.45%, 01/10/2025	788,000		768,461
4.50%, 12/16/2025	472,000		463,329
Barclays PLC, 6.50% to 09/13/2026 then SOFR + 1.88%, 09/13/2027	200,000		203,261
BNP Paribas SA
1.90% to 09/30/2027 then SOFR + 1.61%, 09/30/2028  (a)	349,000		310,801
5.50% to 05/20/2029 then SOFR + 1.59%, 05/20/2030  (a)	352,000		350,191
5.89% to 12/05/2033 then SOFR + 1.87%, 12/05/2034  (a)	207,000		212,717
Commonwealth Bank of Australia, 5.84%, 03/13/2034 (a)	892,000		890,109
Credit Agricole SA
5.59%, 07/05/2026(a)	558,000		560,440
5.13%, 03/11/2027(a)	254,000		253,379
Deutsche Bank AG/New York NY, 4.16%, 05/13/2025	151,000		149,123
HSBC Holdings PLC, 6.33% to 03/09/2043 then SOFR + 2.65%, 03/09/2044	1,393,000		1,468,369
KBC Group NV, 5.80% to 01/19/2028 then 1 yr. CMT Rate + 2.10%, 01/19/2029  (a)	245,000		246,155
Lloyds Banking Group PLC, 5.68% to 01/05/2034 then 1 yr. CMT Rate + 1.75%, 01/05/2035	305,000		303,565
Mitsubishi UFJ Financial Group, Inc.
5.72% to 02/20/2025 then 1 yr. CMT Rate + 1.08%, 02/20/2026	200,000		199,849
5.48% to 02/22/2030 then 1 yr. CMT Rate + 1.53%, 02/22/2031	238,000		238,930
NatWest Group PLC, 3.07% to 05/22/2027 then 1 yr. CMT Rate + 2.55%, 05/22/2028	200,000		186,641
Societe Generale SA, 1.49% to 12/14/2025 then 1 yr. CMT Rate + 1.10%, 12/14/2026  (a)	805,000		752,314
Standard Chartered PLC, 6.19% to 07/06/2026 then 1 yr. CMT Rate + 1.85%, 07/06/2027  (a)	200,000		201,695
Sumitomo Mitsui Financial Group, Inc.
5.52%, 01/13/2028	200,000		201,956
5.80%, 07/13/2028	540,000		550,459
5.71%, 01/13/2030	253,000		257,070
1.71%, 01/12/2031	280,000		223,241
5.77%, 01/13/2033	351,000		360,067
UBS AG/New York NY, 2.95%, 04/09/2025	578,000		564,965
Westpac Banking Corp., 5.51%, 11/17/2025	235,000		235,896
			13,309,675
Capital Goods - 0.1%
BAE Systems PLC, 5.30%, 03/26/2034 (a)	200,000		196,738
Triton Container International Ltd., 3.15%, 06/15/2031 (a)	216,000		178,370
Vinci SA, 3.75%, 04/10/2029 (a)	200,000		188,729
Weir Group PLC, 2.20%, 05/13/2026 (a)	281,000		262,932
			826,769
Commercial & Professional Services - 0.2%
E.ON International Finance BV, 6.65%, 04/30/2038 (a)	161,000		171,437
Enel Finance International NV, 1.38%, 07/12/2026 (a)	577,000		531,928
Federation des Caisses Desjardins du Quebec, 4.55%, 08/23/2027 (a)	4,000		3,908
IBM International Capital Pte Ltd., 5.30%, 02/05/2054	100,000		93,120
International Bank for Reconstruction & Development, 3.88%, 02/14/2030	35,000		33,686
NTT Finance Corp., 4.24%, 07/25/2025 (a)	599,000		590,736
Viterra Finance BV, 2.00%, 04/21/2026 (a)	201,000		187,227
			1,612,042
Consumer Services - 0.0%(f)
Carnival Corp., 7.63%, 03/01/2026 (a)	150,000		150,901
Consumer Staples Distribution & Retail - 0.0%(f)
Alimentation Couche-Tard, Inc., 3.55%, 07/26/2027 (a)	202,000		191,548
Energy - 0.3%
Aker BP ASA, 6.00%, 06/13/2033 (a)	192,000		193,470
BHP Billiton Finance USA Ltd., 4.90%, 02/28/2033	328,000		319,794
BP Capital Markets PLC, 4.38% to 09/22/2025 then 5 yr. CMT Rate + 4.04%, Perpetual	19,000		18,626
CNOOC Petroleum North America ULC, 7.88%, 03/15/2032	38,000		44,787
Enbridge, Inc.
5.30%, 04/05/2029	40,000		39,901
5.70%, 03/08/2033	449,000		450,042
5.63%, 04/05/2034	280,000		277,838
5.95%, 04/05/2054	150,000		148,973
TotalEnergies Capital SA
5.15%, 04/05/2034	180,000		179,292
5.49%, 04/05/2054	225,000		221,888
5.64%, 04/05/2064	325,000		322,782
			2,217,393
Financial Services - 0.4%
CK Hutchison International 17 Ltd., 3.50%, 04/05/2027 (a)	290,000		276,649
CK Hutchison International 19 Ltd., 3.63%, 04/11/2029 (a)	280,000		260,953
CRH SMW Finance DAC, 5.20%, 05/21/2029	335,000		332,886
European Bank for Reconstruction & Development, 4.25%, 03/13/2034	95,000		92,069
JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl, 2.50%, 01/15/2027	699,000		644,122
SMBC Aviation Capital Finance DAC, 2.30%, 06/15/2028 (a)	213,000		187,853
Sumitomo Mitsui Trust Bank Ltd., 5.50%, 03/09/2028 (a)	200,000		202,059
UBS AG/London, 5.65%, 09/11/2028	460,000		467,880
UBS Group AG
2.19% to 06/05/2025 then SOFR + 2.04%, 06/05/2026  (a)	65,000		62,680
1.31% to 02/02/2026 then SOFR + 0.98%, 02/02/2027  (a)	13,000		12,068
4.19% to 04/01/2030 then SOFR + 3.73%, 04/01/2031  (a)	366,000		339,752
			2,878,971
Food, Beverage & Tobacco - 0.1%
Heineken NV, 3.50%, 01/29/2028 (a)	882,000		835,124
Insurance - 0.1%
AIA Group Ltd., 3.20%, 09/16/2040 (a)	213,000		154,308
Fairfax Financial Holdings Ltd., 3.38%, 03/03/2031	253,000		218,600
			372,908
Materials - 0.1%
FMG Resources August 2006 Pty Ltd., 5.88%, 04/15/2030 (a)	40,000		38,782
Hudbay Minerals, Inc., 6.13%, 04/01/2029 (a)	80,000		78,967
Newcastle Coal Infrastructure Group Pty Ltd., 4.40%, 09/29/2027 (a)	31,777		29,963
NOVA Chemicals Corp., 4.25%, 05/15/2029 (a)	40,000		35,150
OCI NV, 6.70%, 03/16/2033 (a)	218,000		215,367
Taseko Mines Ltd., 8.25%, 05/01/2030 (a)	130,000		133,410
UPM-Kymmene Oyj, 7.45%, 11/26/2027 (a)	6,000		6,264
Yara International ASA, 3.80%, 06/06/2026 (a)	22,000		21,210
			559,113
Media & Entertainment - 0.1%
Tencent Holdings Ltd., 3.98%, 04/11/2029 (a)	353,000		334,099
Pharmaceuticals, Biotechnology & Life Sciences - 0.1%
Pfizer Investment Enterprises Pte Ltd., 5.34%, 05/19/2063	440,000		412,501
Real Estate Management & Development - 0.1%
Macquarie Bank Ltd., 3.62%, 06/03/2030 (a)	517,000		458,640
Mitsui Fudosan Co. Ltd., 3.65%, 07/20/2027 (a)	347,000		330,413
			789,053
Semiconductors & Semiconductor Equipment - 0.4%
Renesas Electronics Corp., 2.17%, 11/25/2026 (a)	376,000		345,428
SK Hynix, Inc.
6.38%, 01/17/2028(a)	1,049,000		1,076,842
5.50%, 01/16/2029(a)	1,156,000		1,153,565
			2,575,835
Telecommunication Services - 0.1%
British Telecommunications PLC, 5.13%, 12/04/2028	345,000		342,168
Rogers Communications, Inc., 7.50%, 08/15/2038	198,000		228,346
Vodafone Group PLC
4.38%, 02/19/2043	335,000		283,355
5.75%, 02/10/2063	87,000		84,510
			938,379
Transportation - 0.2%
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/2026 (a)	73,333		72,655
AP Moller - Maersk AS, 5.88%, 09/14/2033 (a)	837,000		847,529
Canadian Pacific Railway Co., 2.88%, 11/15/2029	33,000		29,403
Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.75%, 10/20/2028 (a)	57,000		55,480
			1,005,067
Utilities - 0.3%
Electricite de France SA
3.63%, 10/13/2025(a)	296,000		288,550
5.70%, 05/23/2028(a)	349,000		352,958
6.95%, 01/26/2039(a)	16,000		17,409
6.90%, 05/23/2053(a)	236,000		252,368
Korea Electric Power Corp., 4.00%, 06/14/2027 (a)	703,000		678,940
National Grid PLC, 5.42%, 01/11/2034	290,000		282,229
			1,872,454
TOTAL FOREIGN CORPORATE BONDS (Cost $31,066,661)			30,974,152
ASSET-BACKED SECURITIES - 2.4%	Par		Value
American Airlines Group, Inc.
Series 2016-2, 3.20%, 06/15/2028	50,588		46,658
Series 2019-1, 3.15%, 02/15/2032	181,656		161,220
American Express Travel Related Services Co., Inc., Series 2024-2, Class A, 5.24%, 04/15/2031	585,000		592,021
Aqua Finance Trust, Series 2021-A, Class A, 1.54%, 07/17/2046 (a)	41,982		37,587
Avis Budget Car Rental LLC
Series 2020-2A, Class B, 2.96%, 02/20/2027(a)	301,000		286,739
Series 2023-2A, Class B, 6.03%, 10/20/2027(a)	100,000		100,097
Series 2024-1A, Class B, 5.85%, 06/20/2030(a)	100,000		99,956
Series 2024-2A, Class A, 5.13%, 10/20/2028(a)	210,000		207,547
Beacon Container Finance LLC, Series 2021-1A, Class A, 2.25%, 10/22/2046 (a)	300,375		266,587
BOF URSA Funding Trust, Series 2023-CAR3, Class A2, 6.29%, 07/26/2032 (a)	67,075		67,587
Business Jet Securities LLC, Series 2024-1A, Class A, 6.20%, 05/15/2039 (a)	277,104		278,843
Capital One Financial Corp., Series 2023-A1, Class A, 4.42%, 05/15/2028	241,000		237,373
CarMax Auto Owner Trust, Series 2020-4, Class D, 1.75%, 04/15/2027	265,000		258,878
CC Towers Guarantor LLC, Series 4.24100, 4.24%, 07/15/2028 (a)	150,000		141,910
CCG Receivables Trust, Series 2023-1, Class A2, 5.82%, 09/16/2030 (a)	154,651		154,911
Compass Datacenters LLC, Series 2024-1A, Class A1, 5.25%, 02/25/2049 (a)	150,000		146,868
CyrusOne Data Centers Issuer I LLC, Series 2023-2A, Class A2, 5.56%, 11/20/2048 (a)	153,000		149,497
Cyrusone Holdco LLC
Series 2023-1A, Class A2, 4.30%, 04/20/2048(a)	325,000		302,830
Series 2024-1A, Class A2, 4.76%, 03/22/2049(a)	77,000		72,834
Dell Equipment Finance Trust
Series 2023-3, Class A3, 5.93%, 04/23/2029(a)	200,000		201,277
Series 2024-1, Class A3, 5.39%, 03/22/2030(a)	250,000		250,248
DLLAA LLC, Series 2023-1A, Class A3, 5.64%, 02/22/2028 (a)	32,000		32,134
Elara Depositor LLC, Series 2023-A, Class A, 6.16%, 02/25/2038 (a)	252,882		254,664
Ellington Financial Mortgage Trust, Series 2022-1, Class A1, 2.21%, 01/25/2067 (a)(g)	177,995		150,222
Ford Credit Auto Owner Trust, Series 2024-A, Class B, 5.26%, 11/15/2029	85,000		84,828
Frontier Issuer LLC, Series 2023-1, Class A2, 6.60%, 08/20/2053 (a)	250,000		252,680
GCAT, Series 2021-NQM5, Class A1, 1.26%, 07/25/2066 (a)(g)	223,505		176,608
General Motors Co., Series 2024-1A, Class A1, 5.13%, 03/15/2029 (a)	210,000		209,274
GM Financial Consumer Automobile Receivables Trust, Series 2024-1, Class A3, 4.85%, 12/18/2028	635,000		629,312
Goodgreen Trust, Series 2021-1A, Class A, 2.66%, 10/15/2056 (a)	109,630		89,383
Hilton Grand Vacations, Inc.
Series 2022-2A, Class A, 4.30%, 01/25/2037(a)	59,132		57,306
Series 2024-1B, Class A, 5.75%, 09/15/2039(a)	75,345		75,830
Series 2024-1B, Class B, 5.99%, 09/15/2039(a)	109,154		109,909
IPFS Corp., Series 2024-D, Class A, 5.34%, 04/16/2029 (a)	104,000		104,020
JP Morgan Mortgage Trust, Series 2024-HE1, Class A1, 6.82% (30 day avg SOFR US + 1.50%), 08/25/2054 (a)	467,003		469,698
Kubota Credit Owner Trust
Series 2023-2A, Class A3, 5.28%, 01/18/2028(a)	332,000		331,409
Series 2024-1A, Class A3, 5.19%, 07/17/2028(a)	118,000		117,591
Marriott Vacations Worldwide Corp.
Series 2021-2A, Class A, 1.43%, 05/20/2039(a)	241,030		222,210
Series 2021-2A, Class B, 1.83%, 05/20/2039(a)	200,012		184,332
MMAF Equipment Finance LLC, Series 2023-A, Class A3, 5.54%, 12/13/2029 (a)	37,000		37,170
MVW Owner Trust
Series 2023-1A, Class A, 4.93%, 10/20/2040(a)	72,894		71,911
Series 2023-1A, Class B, 5.42%, 10/20/2040(a)	364,472		360,904
Navient Student Loan Trust
Series 2019-CA, Class A2, 3.13%, 02/15/2068(a)	323,695		312,415
Series 2021-BA, Class A, 0.94%, 07/15/2069(a)	44,593		38,998
Series 2021-EA, Class A, 0.97%, 12/16/2069(a)	176,310		152,521
Series 2024-A, Class A, 5.66%, 10/15/2072(a)	373,000		373,371
OneMain Financial Issuance Trust, Series 2023-2A, Class A1, 5.84%, 09/15/2036 (a)	200,000		202,011
PHH Arval, Series 2024-1A, Class A1, 5.52%, 05/15/2036 (a)	197,775		197,436
Progress Residential Trust, Series 2024-SFR3, Class C, 3.50%, 06/17/2041 (a)	250,000		221,117
RCKT Mortgage Trust, Series 2024-CES2, Class A1A, 6.14%, 04/25/2044 (a)(g)	97,501		97,178
Santander Consumer USA Holdings, Inc., Series 2024-1, Class C, 5.45%, 03/15/2030	22,000		21,887
SBA Depositor LLC, Series 2020-1-2, 2.33%, 01/15/2028 (a)	150,000		133,643
SFS Auto Receivables Securitization Trust, Series 2024-1A, Class C, 5.51%, 01/20/2032 (a)	325,000		321,731
Sierra Timeshare Conduit Receivables Funding LLC
Series 2021-1A, Class A, 0.99%, 11/20/2037(a)	117,106		111,068
Series 2021-2A, Class A, 1.35%, 09/20/2038(a)	46,091		43,511
Series 2021-2A, Class B, 1.80%, 09/20/2038(a)	23,045		21,684
Series 2024-1A, Class C, 5.94%, 01/20/2043(a)	181,160		180,677
SoFi Professional Loan Program LLC, Series 2019-B, Class A2FX, 3.09%, 08/17/2048 (a)	50,822		48,384
Sotheby's Artfi Master Trust, Series 2024-1A, Class A1, 6.43%, 12/22/2031 (a)	282,000		282,753
Stack Infrastructure Issuer LLC
Series 2023-3A, Class A2, 5.90%, 10/25/2048(a)	196,139		194,968
Series 2024-1A, Class A2, 5.90%, 03/25/2049(a)	152,000		151,758
Subway Funding LLC, Series 2024-1A, Class A2I, 6.03%, 07/30/2054 (a)	479,000		479,000
Taco Bell Corp.
Series 2016-1A, Class A23, 4.97%, 05/25/2046(a)	50,625		49,711
Series 2021-1A, Class A2I, 1.95%, 08/25/2051(a)	245,625		221,262
Series 2021-1A, Class A2II, 2.29%, 08/25/2051(a)	89,408		76,886
Towd Point Mortgage Trust
Series 2017-5, Class A1, 6.04% (1 mo. Term SOFR + 0.71%), 02/25/2057(a)	28,913		29,513
Series 2018-2, Class A2, 3.50%, 03/25/2058(a)(g)	100,000		93,428
Series 2022-4, Class A1, 3.75%, 09/25/2062(a)	106,922		98,544
Series 2024-CES1, Class A1A, 5.85%, 01/25/2064(a)(g)	284,649		282,548
Series 2024-CES2, Class A1A, 6.13%, 02/25/2064(a)(g)	311,281		314,144
Trafigura Securitisation Finance PLC, Series 2024-1A, Class A2, 5.98%, 11/15/2027 (a)	332,000		331,982
United Airlines, Inc.
Series 2014-1, 4.00%, 04/11/2026	72,699		70,269
Series 2016-2, 2.88%, 10/07/2028	17,327		15,695
Series 2019-2, 2.70%, 05/01/2032	166,436		142,490
Series 2023-1, 5.80%, 01/15/2036	70,000		70,355
Vantage Data Centers Guarantor LLC
Series 2020-1A, Class A2, 1.65%, 09/15/2045(a)	110,000		103,574
Series 2021-1A, Class A2, 2.17%, 10/15/2046(a)	125,000		113,992
Verizon Master Trust
Series 2023-7, Class A1A, 5.67%, 11/20/2029	331,000		334,311
Series 2024-3, Class A1A, 5.34%, 04/22/2030	1,695,000		1,705,308
Verus Securitization Trust
Series 2021-3, Class A1, 1.05%, 06/25/2066(a)(g)	247,629		206,671
Series 2022-7, Class A1, 5.15%, 07/25/2067(a)(h)	292,004		288,024
Ziply Fiber Issuer LLC, Series 2024-1A, Class B, 7.81%, 04/20/2054 (a)	216,373		219,427
TOTAL ASSET-BACKED SECURITIES (Cost $16,434,830)			16,437,108
COLLATERALIZED MORTGAGE OBLIGATIONS - 2.2%	Par		Value
American Tower Depositor Sub LLC, Series 2023-1, 5.49%, 03/15/2028 (a)	300,000		301,168
BANK-2019, Series 2019-BN17, Class C, 4.51%, 04/15/2052 (g)	235,000		203,295
BANK-2020, Series 2020-BN28, Class A4, 1.84%, 03/15/2063	100,000		81,146
BANK-2022, Series 2022-BNK39, Class A4, 2.93%, 02/15/2055 (g)	300,000		253,885
BANK-2023
Series 2023-BNK45, Class A5, 5.20%, 02/15/2056	200,000		196,944
Series 2023-BNK45, Class C, 6.28%, 02/15/2056(g)	200,000		199,758
BANK5 Trust, Series 2024-5YR5, Class B, 6.54%, 02/15/2029 (g)	200,000		202,931
BBCMS Trust
Series 2022-C17, Class A5, 4.44%, 09/15/2055	150,000		140,603
Series 2023-C20, Class A5, 5.58%, 07/15/2056	200,000		202,696
Series 2023-C22, Class A5, 6.80%, 11/15/2056(g)	14,876		16,413
Series 2024-C24, Class C, 6.00%, 02/15/2057	150,000		146,555
Benchmark Mortgage Trust
Series 2019-B15, Class AS, 3.23%, 12/15/2072	25,000		21,271
Series 2020-B17, Class C, 3.37%, 03/15/2053(g)	50,000		37,801
Series 2023-B40, Class C, 7.39%, 12/15/2056(g)	158,000		167,524
Series 2024-V6, Class C, 6.67%, 03/15/2029	200,000		199,773
Series 2024-V6, Class D, 4.00%, 03/15/2029	173,000		144,055
Series 2024-V7, Class B, 7.08%, 05/15/2056(g)	277,000		285,034
BMO Mortgage Trust
Series 2022-C1, Class A5, 3.37%, 02/15/2055(g)	110,000		95,957
Series 2023-C5, Class C, 6.63%, 06/15/2056(g)	99,862		100,210
Series 2023-C7, Class A5, 6.16%, 12/15/2056	277,000		292,087
Series 2024-5C3, Class B, 6.56%, 02/15/2057(g)	155,000		156,655
Series 2024-5C3, Class D, 4.00%, 02/15/2057(a)	92,000		75,738
Series 2024-C8, Class C, 6.23%, 03/15/2057(g)	121,000		118,762
BX Trust
Series 2021-VOLT, Class D, 7.08% (1 mo. Term SOFR + 1.76%), 09/15/2036(a)	375,000		371,909
Series 2024-XL5, Class D, 8.01% (1 mo. Term SOFR + 2.69%), 03/15/2041(a)	240,957		241,735
Chase Home Lending Mortgage Trust 2023-1, Series 2024-2, Class A6A, 6.00%, 02/25/2055 (a)(g)	91,916		91,249
Chase Home Lending Mortgage Trust Series 2024-2, Series 2024-4, Class A6, 6.00%, 03/25/2055 (a)(g)	306,589		304,167
Citigroup Commercial Mortgage Trust, Series 2022-GC48, Class A5, 4.58%, 05/15/2054 (g)	132,000		125,708
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class A4, 3.28%, 05/10/2049	100,000		95,571
Cold Storage Trust, Series 2020-ICE5, Class A, 6.33% (1 mo. Term SOFR + 1.01%), 11/15/2037 (a)	147,449		147,275
Commercial Mortgage Pass Through Certificates
Series 2014-CR21, Class AM, 3.99%, 12/10/2047	20,000		19,202
Series 2014-UBS3, Class A4, 3.82%, 06/10/2047	80,375		80,182
CSAIL Commercial Mortgage Trust
Series 2015-C3, Class A4, 3.72%, 08/15/2048	381,000		371,016
Series 2015-C3, Class ASB, 3.45%, 08/15/2048	122,236		121,213
ELM Trust
Series 2024-ELM, Class D10, 6.63%, 06/10/2027(a)(g)	180,000		180,000
Series 2024-ELM, Class D15, 6.67%, 06/10/2027(a)(g)	123,000		123,000
Fannie Mae Connecticut Avenue Securities
Series 2021-R03, Class 1B1, 8.07% (30 day avg SOFR US + 2.75%), 12/25/2041(a)	100,000		102,195
Series 2022-R02, Class 2M1, 6.52% (30 day avg SOFR US + 1.20%), 01/25/2042(a)	36,221		36,241
Series 2022-R02, Class 2M2, 8.32% (30 day avg SOFR US + 3.00%), 01/25/2042(a)	500,000		514,991
Series 2022-R03, Class 1M2, 8.82% (30 day avg SOFR US + 3.50%), 03/25/2042(a)	110,000		115,924
Series 2022-R04, Class 1M2, 8.42% (30 day avg SOFR US + 3.10%), 03/25/2042(a)	405,000		422,625
Series 2022-R07, Class 1M2, 9.97% (30 day avg SOFR US + 4.65%), 06/25/2042(a)	55,000		59,808
Series 2023-R02, Class 1M1, 7.62% (30 day avg SOFR US + 2.30%), 01/25/2043(a)	81,549		83,646
Series 2023-R06, Class 1M2, 8.02% (30 day avg SOFR US + 2.70%), 07/25/2043(a)	500,000		520,701
Series 2024-R03, Class 2M2, 7.27% (30 day avg SOFR US + 1.95%), 03/25/2044(a)	420,000		423,585
Series 2024-R04, Class 1M2, 6.97% (30 day avg SOFR US + 1.65%), 05/25/2044(a)	99,000		99,000
FIVE 2023-V1 Mortgage Trust
Series 2023-V1, Class B, 6.30%, 02/10/2056(g)	65,000		64,765
Series 2023-V1, Class C, 6.30%, 02/10/2056(g)	88,909		88,394
Freddie Mac Structured Agency Credit Risk Debt Notes
Series 2021-DNA3, Class M1, 6.07% (30 day avg SOFR US + 0.75%), 10/25/2033(a)	168,687		168,591
Series 2021-DNA6, Class M1, 6.12% (30 day avg SOFR US + 0.80%), 10/25/2041(a)	22,865		22,839
Series 2021-DNA7, Class B1, 8.97% (30 day avg SOFR US + 3.65%), 11/25/2041(a)	500,000		522,005
Series 2021-HQA4, Class M1, 6.27% (30 day avg SOFR US + 0.95%), 12/25/2041(a)	74,590		74,472
Series 2022-DNA1, Class M2, 7.82% (30 day avg SOFR US + 2.50%), 01/25/2042(a)	100,000		102,028
Series 2022-DNA2, Class M1B, 7.72% (30 day avg SOFR US + 2.40%), 02/25/2042(a)	210,000		215,467
Series 2022-DNA2, Class M2, 9.07% (30 day avg SOFR US + 3.75%), 02/25/2042(a)	65,000		68,396
Series 2022-DNA3, Class M1B, 8.22% (30 day avg SOFR US + 2.90%), 04/25/2042(a)	55,000		57,255
Series 2022-DNA3, Class M2, 9.67% (30 day avg SOFR US + 4.35%), 04/25/2042(a)	562,000		602,272
Series 2022-DNA5, Class M1B, 9.82% (30 day avg SOFR US + 4.50%), 06/25/2042(a)	150,000		162,859
Series 2022-HQA1, Class M1B, 8.82% (30 day avg SOFR US + 3.50%), 03/25/2042(a)	55,000		57,897
Series 2022-HQA2, Class M1B, 9.32% (30 day avg SOFR US + 4.00%), 07/25/2042(a)	100,000		106,939
Series 2024-DNA1, Class M2, 7.27% (30 day avg SOFR US + 1.95%), 02/25/2044(a)	500,000		503,953
Great Wolf Trust 2024-WOLF, Series 2024-WOLF, Class D, 8.21% (1 mo. Term SOFR + 2.89%), 03/15/2039 (a)	300,000		301,577
JP Morgan Chase Commercial Mortgage Securities
Series 2017-JP5, Class ASB, 3.55%, 03/15/2050	871,782		847,024
Series 2022-OPO, Class B, 3.38%, 01/05/2039(a)	150,000		126,495
JP Morgan Mortgage Trust
Series 2024-2, Class A6A, 6.00%, 08/25/2054(a)(g)	381,829		380,598
Series 2024-4, Class A6A, 6.00%, 10/25/2054(a)(g)	265,967		264,062
JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class A3, 3.50%, 12/15/2048	78,971		76,839
Manhattan West, Series 2020-1MW, Class A, 2.13%, 09/10/2039 (a)	220,000		194,784
Morgan Stanley Capital I Trust, Series 2015-MS1, Class A4, 3.78%, 05/15/2048 (g)	60,000		58,533
Morgan Stanley Capital I, Inc.
Series 2018-H4, Class C, 5.05%, 12/15/2051(g)	25,000		22,108
Series 2020-HR8, Class A4, 2.04%, 07/15/2053	55,000		45,610
MSWF Commercial Mortgage Trust, Series 2023-2, Class A5, 6.01%, 12/15/2056 (g)	250,000		260,989
ONE Mortgage Trust, Series 2021-PARK, Class A, 6.13% (1 mo. Term SOFR + 0.81%), 03/15/2036 (a)	225,000		219,307
Onslow Bay Mortgage Loan Trust
Series 2021-NQM3, Class A1, 1.05%, 07/25/2061(a)(g)	337,295		261,476
Series 2023-NQM7, Class A1, 6.84%, 04/25/2063(a)(h)	249,924		252,573
Series 2024-NQM4, Class A1, 6.07%, 01/25/2064(a)(h)	257,334		256,578
ORL Trust, Series 2023-GLKS, Class C, 8.97% (1 mo. Term SOFR + 3.65%), 10/19/2036 (a)	100,000		100,679
SGR Residential Mortgage Trust, Series 2021-2, Class A1, 1.74%, 12/25/2061 (a)(g)	75,814		61,366
Wells Fargo Commercial Mortgage Trust
Series 2016-C36, Class A4, 3.07%, 11/15/2059	100,000		93,820
Series 2017-C39, Class B, 4.03%, 09/15/2050	246,000		225,769
Series 2018-C44, Class A5, 4.21%, 05/15/2051	100,000		94,569
Series 2019-C54, Class A4, 3.15%, 12/15/2052	100,000		88,716
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $15,320,393)			15,342,808
FOREIGN GOVERNMENT AGENCY ISSUES - 0.6%	Par		Value
Asian Development Bank
1.50%, 01/20/2027	330,000		303,228
3.75%, 04/25/2028	135,000		130,478
4.38%, 03/06/2029	235,000		232,341
4.13%, 01/12/2034	100,000		96,056
Asian Infrastructure Investment Bank/The, 4.25%, 03/13/2034	110,000		106,200
European Investment Bank
4.75%, 06/15/2029	365,000		367,097
4.13%, 02/13/2034	115,000		110,540
Inter-American Development Bank
1.50%, 01/13/2027	411,000		377,781
4.13%, 02/15/2029	208,000		203,510
International Bank for Reconstruction & Development
0.88%, 07/15/2026	402,000		369,916
1.38%, 04/20/2028	93,000		82,149
4.50%, 06/26/2028	747,000		725,805
4.50%, 04/10/2031	150,000		148,948
International Finance Corp., 4.38%, 01/15/2027	56,000		55,396
Kreditanstalt fuer Wiederaufbau, 4.38%, 02/28/2034	60,000		58,965
Nordic Investment Bank, 4.25%, 02/28/2029	200,000		196,646
Province of British Columbia Canada, 4.90%, 04/24/2029	320,000		321,591
Province of Ontario Canada, 5.05%, 04/24/2034	275,000		278,325
TOTAL FOREIGN GOVERNMENT AGENCY ISSUES (Cost $4,195,849)			4,164,972
U.S. GOVERNMENT AGENCY ISSUES - 0.5%	Par		Value
Federal Farm Credit Banks Funding Corp
4.50%, 03/26/2027	10,000		9,931
0.86%, 10/05/2027	44,000		38,560
4.13%, 03/20/2029	10,000		9,815
4.97%, 03/27/2029	10,000		9,911
1.19%, 07/16/2029	7,000		5,892
1.14%, 08/20/2029	18,000		15,061
1.23%, 09/10/2029	71,000		59,505
1.74%, 06/03/2030	370,000		311,692
1.55%, 07/26/2030	88,000		72,575
1.22%, 09/23/2030	946,000		761,013
1.30%, 02/03/2031	35,000		27,867
1.67%, 03/03/2031	31,000		25,267
1.88%, 06/16/2031	22,000		18,153
5.98%, 12/27/2033	809,000		803,819
1.69%, 08/20/2035	196,000		139,602
1.68%, 09/17/2035	55,000		39,062
Federal Home Loan Banks
3.25%, 06/09/2028	140,000		133,259
4.00%, 06/30/2028	50,000		48,950
4.50%, 03/09/2029	250,000		248,845
Tennessee Valley Authority
4.88%, 01/15/2048	716,000		693,362
4.25%, 09/15/2065	229,000		191,718
TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $3,731,918)			3,663,859
FOREIGN GOVERNMENT DEBT OBLIGATIONS - 0.5%	Par		Value
Colombia Government International Bond, 3.00%, 01/30/2030	250,000		203,567
Indonesia Government International Bond, 5.25%, 01/17/2042 (a)	200,000		195,220
Mexico Government International Bond, 5.55%, 01/21/2045	140,000		126,760
Panama Government International Bond, 2.25%, 09/29/2032	200,000		142,890
Peruvian Government International Bond
3.00%, 01/15/2034	157,000		125,930
3.30%, 03/11/2041	141,000		102,708
3.55%, 03/10/2051	140,000		97,321
Philippine Government International Bond
7.75%, 01/14/2031	211,000		240,540
6.38%, 10/23/2034	394,000		428,513
Republic of Poland Government International Bond
4.63%, 03/18/2029	15,000		14,722
5.50%, 03/18/2054	946,000		908,526
Republic of South Africa Government International Bond, 5.00%, 10/12/2046	200,000		134,762
Romanian Government International Bond, 6.13%, 01/22/2044 (a)	100,000		95,102
Uruguay Government International Bond
4.38%, 01/23/2031	104,000		100,614
4.13%, 11/20/2045	138,000		119,270
4.98%, 04/20/2055	324,000		293,819
TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS (Cost $3,378,653)			3,330,264
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 0.2%	Par		Value
BX Trust, Series 2024-VLT4, Class E, 0.00% (1 mo. Term SOFR + 2.89%), 07/15/2029 (a)	213,000		212,468
MCR Mortgage Trust, Series 2024-HTL, Class B, 7.72% (1 mo. Term SOFR + 2.41%), 02/15/2037 (a)	190,398		190,963
Morgan Stanley ABS Capital I, Inc., Series 2021-230P, Class B, 6.88% (1 mo. Term SOFR + 1.56%), 12/15/2038 (a)	98,000		91,566
SFO Commercial Mortgage Trust, Series 2021-555, Class A, 6.58% (1 mo. Term SOFR + 1.26%), 05/15/2038 (a)	341,000		325,593
SREIT Trust, Series 2021-PALM, Class A, 6.02% (1 mo. Term SOFR + 0.70%), 10/15/2034 (a)	175,000		173,466
STWD Trust, Series 2021-FLWR, Class A, 6.01% (1 mo. Term SOFR + 0.69%), 07/15/2036 (a)	150,000		148,773
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES (Cost $1,143,821)			1,142,829
SHORT-TERM INVESTMENTS - 0.5%
Money Market Funds - 0.5%	Shares
First American Government Obligations Fund - Class X, 5.23%(i)	3,385,316		3,385,316
TOTAL SHORT-TERM INVESTMENTS (Cost $3,385,316)			3,385,316
TOTAL INVESTMENTS - 99.7% (Cost $690,442,088)		$	684,850,469
Other Assets in Excess of Liabilities - 0.3%			2,189,294
TOTAL NET ASSETS - 100.0%		$	687,039,763

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS^®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS^® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

AG - Aktiengesellschaft

ASA - Advanced Subscription Agreement

CMT - Constant Maturity Treasury Rate

LIBOR - London Interbank Offered Rate

NV - Naamloze Vennootschap

PLC - Public Limited Company

REIT - Real Estate Investment Trust

SA - Sociedad Anónima

SOFR - Secured Overnight Financing Rate

(a)	Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of May 31, 2024, the value of these securities total $62,513,498 or 9.1% of the Fund’s net assets.
(b)	Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of May 31, 2024.
(c)	Securities referencing LIBOR are expected to transition to an alternative reference rate by the security’s next scheduled coupon reset date.
(d)	Zero coupon bonds make no periodic interest payments.
(e)	Interest only security.
(f)	Represents less than 0.05% of net assets.
(g)	Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of May 31, 2024.
(h)	Step coupon bond. The rate disclosed is as of May 31, 2024.
(i)	The rate shown represents the 7-day effective yield as of May 31, 2024.

Summary of Fair Value Disclosure as of May 31, 2024 (Unaudited)

ActivePassive Core Bond ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of May 31, 2024:

	Level 1		Level 2		Level 3		Total
Investments:
Exchange Traded Funds		266,986,018		–		–		266,986,018
U.S. Treasury Securities		–		167,759,625		–		167,759,625
Corporate Bonds		–		111,953,664		–		111,953,664
Agency Commercial Mortgage Backed Securities		–		59,709,854		–		59,709,854
Foreign Corporate Bonds		–		30,974,152		–		30,974,152
Asset-Backed Securities		–		16,437,108		–		16,437,108
Collateralized Mortgage Obligations		–		15,342,808		–		15,342,808
Foreign Government Agency Issues		–		4,164,972		–		4,164,972
U.S. Government Agency Issues		–		3,663,859		–		3,663,859
Foreign Government Debt Obligations		–		3,330,264		–		3,330,264
Non-Agency Commercial Mortgage Backed Securities		–		1,142,829		–		1,142,829
Money Market Funds		3,385,316		–		–		3,385,316
Total Investments		270,371,334		414,479,135		–		684,850,469
Refer to the Schedule of Investments for additional information.