Investments	Shares		Value
COMMON STOCKS — 101.0%

Aerospace/Defense — 0.3%
Aerovironment, Inc.*^(a)		237	$	16,213

Airlines — 1.5%
SkyWest, Inc.		1,046		56,787
Spirit Airlines, Inc.*		366		19,347
Total Airlines				76,134

Apparel — 0.4%
Crocs, Inc.*		729		18,772

Auto Parts & Equipment — 0.8%
Cooper Tire & Rubber Co.^(a)		548		16,380
Methode Electronics, Inc.		740		21,297
Total Auto Parts & Equipment				37,677

Banks — 6.2%
Cadence BanCorp		902		16,732
CBTX, Inc.		670		21,755
Community Trust Bancorp, Inc.		436		17,902
Eagle Bancorp, Inc.*		549		27,560
First BanCorp (Puerto Rico)		2,319		26,576
First Bancorp/Southern Pines NC		523		18,180
First Financial Corp.^(a)		406		17,052
First Mid-Illinois Bancshares, Inc.		426		14,194
Flagstar Bancorp, Inc.		539		17,744
Great Southern Bancorp, Inc.		349		18,113
National Bank Holdings Corp., Class A		477		15,865
Nicolet Bankshares, Inc.*		384		22,886
OFG Bancorp (Puerto Rico)		1,274		25,213
PCSB Financial Corp.		1,121		21,938
TriState Capital Holdings, Inc.*		1,094		22,350
Total Banks				304,060

Beverages — 0.8%
Boston Beer Co., Inc. (The), Class A*^(a)		59		17,389
MGP Ingredients, Inc.^(a)		291		22,451
Total Beverages				39,840

Biotechnology — 5.0%
Acorda Therapeutics, Inc.*^(a)		710		9,436
Arcus Biosciences, Inc.*^(a)		1,899		23,718
Arena Pharmaceuticals, Inc.*^(a)		486		21,787
Halozyme Therapeutics, Inc.*^(a)		1,131		18,209
Ligand Pharmaceuticals, Inc.*^(a)		122		15,337
Myriad Genetics, Inc.*^(a)		658		21,846
NeoGenomics, Inc.*^(a)		1,158		23,693

Investments	Shares		Value
COMMON STOCKS (continued)

Biotechnology (continued)
NuCana PLC (United Kingdom)*^(a)(b)		1,353	$	23,001
PDL BioPharma, Inc.*		6,260		23,287
Veracyte, Inc.*		1,022		25,570
Vericel Corp.*^(a)		1,065		18,648
Zymeworks, Inc. (Canada)*		1,438		23,267
Total Biotechnology				247,799

Building Materials — 0.5%
Gibraltar Industries, Inc.*		587		23,838

Chemicals — 1.5%
Balchem Corp.		189		17,539
Innospec, Inc.		221		18,420
Intrepid Potash, Inc.*		5,800		21,982
Rogers Corp.*		105		16,683
Total Chemicals				74,624

Commercial Services — 5.9%
Adtalem Global Education, Inc.*		280		12,970
American Public Education, Inc.*		467		14,066
Barrett Business Services, Inc.		210		16,239
Cardtronics PLC, Class A*^(a)		549		19,533
Care.com, Inc.*		914		18,061
Career Education Corp.*		1,294		21,377
Ennis, Inc.		969		20,117
FTI Consulting, Inc.*		266		20,434
Heidrick & Struggles International, Inc.		472		18,092
HMS Holdings Corp.*		869		25,731
K12, Inc.*		821		28,021
LiveRamp Holdings, Inc.*^(a)		362		19,754
Medifast, Inc.		95		12,117
Rent-A-Center, Inc.*		1,053		21,976
Rosetta Stone, Inc.*		1,004		21,937
Total Commercial Services				290,425

Computers — 5.2%
Carbonite, Inc.*^(a)		1,071		26,572
Endava PLC (United Kingdom)*^(b)		837		23,017
ForeScout Technologies, Inc.*		764		32,019
Insight Enterprises, Inc.*		393		21,639
OneSpan, Inc.*		1,097		21,084
Qualys, Inc.*^(a)		351		29,042
Rapid7, Inc.*		448		22,673
Stratasys Ltd.*^(a)		863		20,557
Sykes Enterprises, Inc.*		686		19,400
Tenable Holdings, Inc.*		719		22,764

Investments	Shares		Value
COMMON STOCKS (continued)

Computers (continued)
WNS Holdings Ltd. (India)*^(b)		387	$	20,615
Total Computers				259,382

Cosmetics / Personal Care — 0.6%
Inter Parfums, Inc.		358		27,161

Distribution / Wholesale — 1.3%
Core-Mark Holding Co., Inc.		608		22,575
Fossil Group, Inc.*^(a)		798		10,949
G-III Apparel Group Ltd.*^(a)		443		17,702
Triton International Ltd. (Bermuda)		489		15,208
Total Distribution / Wholesale				66,434

Diversified Financial Services — 1.7%
Blucora, Inc.*		690		23,032
Encore Capital Group, Inc.*^(a)		435		11,845
Navient Corp.		1,518		17,563
Stifel Financial Corp.^(a)		381		20,102
WageWorks, Inc.*		318		12,008
Total Diversified Financial Services				84,550

Electric — 1.4%
Ameresco, Inc., Class A*		1,622		26,244
El Paso Electric Co.		339		19,940
PNM Resources, Inc.		475		22,486
Total Electric				68,670

Electrical Components & Equipment — 1.2%
Encore Wire Corp.		355		20,313
Energizer Holdings, Inc.^(a)		380		17,074
Novanta, Inc.*		266		22,538
Total Electrical Components & Equipment				59,925

Electronics — 3.4%
Alarm.com Holdings, Inc.*^(a)		507		32,904
Brady Corp., Class A		437		20,281
Comtech Telecommunications Corp.		1,014		23,545
KEMET Corp.^(a)		1,070		18,158
Napco Security Technologies, Inc.*		1,056		21,902
Park Electrochemical Corp.		1,336		20,975
Vishay Intertechnology, Inc.		872		16,106
Vishay Precision Group, Inc.*		464		15,873
Total Electronics				169,744

Energy – Alternate Sources — 0.9%
Azure Power Global Ltd. (India)*		2,023		22,799
TPI Composites, Inc.*^(a)		727		20,807
Total Energy – Alternate Sources				43,606

Investments	Shares		Value
COMMON STOCKS (continued)

Engineering & Construction — 2.0%
Arcosa, Inc.		708	$	21,629
Exponent, Inc.		560		32,323
Great Lakes Dredge & Dock Corp.*		2,627		23,407
MYR Group, Inc.*		616		21,332
Total Engineering & Construction				98,691

Entertainment — 0.5%
Monarch Casino & Resort, Inc.*		550		24,156

Environmental Control — 0.5%
Clean Harbors, Inc.*		322		23,033

Food — 0.6%
Sanderson Farms, Inc.		178		23,468
United Natural Foods, Inc.*^(a)		461		6,094
Total Food				29,562

Forest Products & Paper — 0.6%
Clearwater Paper Corp.*		646		12,584
Resolute Forest Products, Inc.		1,943		15,350
Total Forest Products & Paper				27,934

Hand / Machine Tools — 0.4%
Kennametal, Inc.		496		18,228

Healthcare – Products — 4.9%
Avanos Medical, Inc.*^(a)		292		12,462
Cardiovascular Systems, Inc.*		566		21,882
CONMED Corp.^(a)		310		25,786
Genomic Health, Inc.*		250		17,512
Lantheus Holdings, Inc.*		903		22,105
Merit Medical Systems, Inc.*^(a)		846		52,308
Orthofix Medical, Inc.*		320		18,051
Repligen Corp.*^(a)		296		17,488
Surmodics, Inc.*		470		20,436
Tactile Systems Technology, Inc.*^(a)		662		34,901
Total Healthcare – Products				242,931

Healthcare – Services — 1.8%
Ensign Group, Inc. (The)		438		22,421
LHC Group, Inc.*		322		35,697
Providence Service Corp. (The)*		273		18,187
Tivity Health, Inc.*^(a)		582		10,220
Total Healthcare – Services				86,525

Home Builders — 0.3%
LCI Industries^(a)		210		16,132

Home Furnishings — 0.4%
iRobot Corp.*^(a)		175		20,596

Investments	Shares		Value
COMMON STOCKS (continued)

Household Products / Wares — 0.4%
Central Garden & Pet Co.*^(a)		706	$	18,045

Insurance — 2.4%
Argo Group International Holdings Ltd.		328		23,176
CNO Financial Group, Inc.		897		14,513
FGL Holdings		2,073		16,315
Health Insurance Innovations, Inc., Class A*^(a)		569		15,261
NMI Holdings, Inc., Class A*		1,069		27,655
Safety Insurance Group, Inc.		251		21,872
Total Insurance				118,792

Internet — 3.4%
1-800-Flowers.Com, Inc., Class A*		1,243		22,660
ChannelAdvisor Corp.*		1,805		21,985
FireEye, Inc.*^(a)		1,152		19,342
Meet Group, Inc. (The)*		4,105		20,648
NIC, Inc.		1,430		24,439
Perficient, Inc.*		859		23,528
Stitch Fix, Inc., Class A*^(a)		719		20,297
Yelp, Inc.*^(a)		465		16,043
Total Internet				168,942

Iron/Steel — 0.8%
Allegheny Technologies, Inc.*^(a)		782		19,996
Schnitzer Steel Industries, Inc., Class A		746		17,904
Total Iron/Steel				37,900

Leisure Time — 1.8%
Clarus Corp.		1,846		23,648
Fox Factory Holding Corp.*^(a)		616		43,052
YETI Holdings, Inc.*^(a)		744		22,506
Total Leisure Time				89,206

Machinery – Diversified — 1.7%
Alamo Group, Inc.		221		22,087
Chart Industries, Inc.*		458		41,458
CSW Industrials, Inc.*		390		22,343
Total Machinery – Diversified				85,888

Media — 0.4%
Gannett Co., Inc.^(a)		1,658		17,475

Metal Fabricate / Hardware — 0.4%
Mueller Industries, Inc.		690		21,625

Mining — 0.4%
Materion Corp.		343		19,572

Investments	Shares		Value
COMMON STOCKS (continued)

Miscellaneous Manufacturing — 2.8%
American Outdoor Brands Corp.*		1,398	$	13,057
Axon Enterprise, Inc.*		304		16,541
ESCO Technologies, Inc.		335		22,455
Fabrinet (Thailand)*		365		19,112
Federal Signal Corp.		758		19,701
John Bean Technologies Corp.^(a)		351		32,253
Proto Labs, Inc.*^(a)		152		15,981
Total Miscellaneous Manufacturing				139,100

Office Furnishings — 0.3%
Steelcase, Inc., Class A		1,149		16,718

Oil & Gas — 1.0%
CNX Resources Corp.*		1,257		13,538
Par Pacific Holdings, Inc.*		1,273		22,672
PDC Energy, Inc.*^(a)		266		10,821
Total Oil & Gas				47,031

Oil & Gas Services — 1.5%
Archrock, Inc.		2,241		21,917
Dril-Quip, Inc.*^(a)		491		22,512
McDermott International, Inc.*^(a)		889		6,614
USA Compression Partners LP^(a)		1,396		21,792
Total Oil & Gas Services				72,835

Packaging & Containers — 0.3%
Greif, Inc., Class A		388		16,005

Pharmaceuticals — 2.1%
Anika Therapeutics, Inc.*^(a)		546		16,511
Enanta Pharmaceuticals, Inc.*^(a)		419		40,023
Pacira Pharmaceuticals, Inc.*		459		17,469
Vanda Pharmaceuticals, Inc.*^(a)		764		14,058
Xencor, Inc.*^(a)		495		15,375
Total Pharmaceuticals				103,436

Real Estate — 1.7%
HFF, Inc., Class A		410		19,577
Landmark Infrastructure Partners LP		1,387		23,524
McGrath RentCorp		367		20,761
RMR Group, Inc. (The), Class A		342		20,855
Total Real Estate				84,717

REITS — 4.7%
AG Mortgage Investment Trust, Inc.		925		15,577
Agree Realty Corp.		399		27,667
Alexander & Baldwin, Inc.^(a)		951		24,194
EastGroup Properties, Inc.		210		23,444
Four Corners Property Trust, Inc.		763		22,585

Investments	Shares		Value
COMMON STOCKS (continued)

REITS (continued)
iStar, Inc.^(a)		1,283	$	10,803
Office Properties Income Trust		781		21,587
Rexford Industrial Realty, Inc.		540		19,337
STAG Industrial, Inc.		702		20,814
Terreno Realty Corp.		544		22,870
Tier REIT, Inc.		802		22,985
Total REITS				231,863

Retail — 6.6%
Abercrombie & Fitch Co., Class A^(a)		712		19,516
America's Car-Mart, Inc.*		292		26,671
BJ's Restaurants, Inc.^(a)		357		16,879
Boot Barn Holdings, Inc.*^(a)		799		23,522
Conn's, Inc.*^(a)		620		14,173
Dillard's, Inc., Class A		238		17,141
Guess?, Inc.		1,291		25,304
La-Z-Boy, Inc.		663		21,872
Movado Group, Inc.		622		22,628
Noodles & Co.*		1,817		12,356
PC Connection, Inc.		591		21,672
PCM, Inc.*		648		23,736
Ruth's Hospitality Group, Inc.		703		17,990
Shoe Carnival, Inc.		523		17,798
Tailored Brands, Inc.^(a)		538		4,218
Vera Bradley, Inc.*		1,359		18,007
Zumiez, Inc.*^(a)		926		23,048
Total Retail				326,531

Savings & Loans — 0.7%
Meridian Bancorp, Inc.		1,152		18,075
OceanFirst Financial Corp.		740		17,804
Total Savings & Loans				35,879

Semiconductors — 2.1%
AVX Corp.		1,028		17,826
Brooks Automation, Inc.^(a)		792		23,229
Cabot Microelectronics Corp.^(a)		199		22,280
Diodes, Inc.*		605		20,993
Nanometrics, Inc.*		558		17,231
Total Semiconductors				101,559

Software — 8.4%
ACI Worldwide, Inc.*		806		26,493
Blackline, Inc.*		395		18,296
Castlight Health, Inc., Class B*		5,583		20,936
Cloudera, Inc.*^(a)		1,632		17,854
CommVault Systems, Inc.*		317		20,523

Investments	Shares		Value
COMMON STOCKS (continued)

Software (continued)
Ebix, Inc.^(a)		458	$	22,611
Five9, Inc.*		649		34,287
Glu Mobile, Inc.*		4,701		51,429
Manhattan Associates, Inc.*^(a)		472		26,012
ManTech International Corp., Class A		345		18,637
MicroStrategy, Inc., Class A*		149		21,493
Monotype Imaging Holdings, Inc.		931		18,518
Omnicell, Inc.*		268		21,665
Radware Ltd. (Israel)*		756		19,754
SailPoint Technologies Holding, Inc.*		807		23,177
Sapiens International Corp. NV (Israel)		1,827		27,917
SPS Commerce, Inc.*		232		24,606
Total Software				414,208

Telecommunications — 2.7%
Acacia Communications, Inc.*		548		31,428
Digi International, Inc.*		1,727		21,881
InterDigital, Inc.		240		15,835
Shenandoah Telecommunications Co.		560		24,842
Telephone & Data Systems, Inc.		535		16,441
Viavi Solutions, Inc.*^(a)		1,838		22,754
Total Telecommunications				133,181

Textiles — 0.3%
UniFirst Corp.		108		16,578

Transportation — 3.1%
Covenant Transportation Group, Inc., Class A*		674		12,793
Echo Global Logistics, Inc.*		690		17,098
Frontline Ltd. (Norway)*		2,934		18,954
Genco Shipping & Trading Ltd.*		1,305		9,735
Marten Transport Ltd.		899		16,029
Navigator Holdings Ltd.*		2,006		22,066
SEACOR Holdings, Inc.*		348		14,713
Tidewater, Inc.*		917		21,265
Werner Enterprises, Inc.^(a)		557		19,022
Total Transportation				151,675

Trucking & Leasing — 0.4%
GATX Corp.^(a)		189		14,434
Greenbrier Cos., Inc. (The)^(a)		237		7,638
Total Trucking & Leasing				22,072
Total Common Stocks
(Cost $4,560,887)				4,987,475

Investments	Shares/ Principal		Value
MONEY MARKET FUND — 0.6%
STIT – Government & Agency Portfolio, Institutional Class, 2.34%^(c) (Cost $29,559)		29,559	$	29,559

REPURCHASE AGREEMENT — 3.8%^(d)
Citibank NA, dated 03/29/19, due 04/01/19, 2.65%, total to be received $189,253, (collateralized by various U.S. Government Agency Obligations, 2.96%-4.50%, 01/01/28-07/01/48, totaling $192,794)
(Cost $189,211)	$	189,211		189,211
Total Investments — 105.4%
(Cost $4,779,657)				5,206,245
Liabilities in Excess of Other Assets — (5.4%)				(265,081	)
Net Assets — 100.0%			$	4,941,164

LP — Limited Partnership

PLC — Public Limited Company

REITS — Real Estate Investment Trusts

Non-income producing security.

(a)

All or a portion of security is on loan. The aggregate market value of the securities on loan is $1,351,769; the aggregate market value of the collateral held by the fund is $1,382,912. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,193,701.

(b)

American Depositary Receipt.

(c)

Rate shown reflects the 7-day yield as of March 31, 2019.

(d)

Collateral received from brokers for securities lending was invested in these short-term investments.

For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

The following is a summary of the inputs used, as of March 31, 2019, in valuing the Fund's assets and liabilities carried at fair value. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Aerospace/Defense		0.3	%
Airlines		1.5
Apparel		0.4
Auto Parts & Equipment		0.8
Banks		6.2
Beverages		0.8
Biotechnology		5.0
Building Materials		0.5
Chemicals		1.5
Commercial Services		5.9
Computers		5.2
Cosmetics / Personal Care		0.6
Distribution / Wholesale		1.3
Diversified Financial Services		1.7
Electric		1.4
Electrical Components & Equipment		1.2
Electronics		3.4
Energy – Alternate Sources		0.9
Engineering & Construction		2.0
Entertainment		0.5
Environmental Control		0.5
Food		0.6
Forest Products & Paper		0.6
Hand / Machine Tools		0.4
Healthcare – Products		4.9
Healthcare – Services		1.8
Home Builders		0.3
Home Furnishings		0.4
Household Products / Wares		0.4

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)

	% of
	Net Assets
Insurance		2.4	%
Internet		3.4
Iron/Steel		0.8
Leisure Time		1.8
Machinery – Diversified		1.7
Media		0.4
Metal Fabricate / Hardware		0.4
Mining		0.4
Miscellaneous Manufacturing		2.8
Office Furnishings		0.3
Oil & Gas		1.0
Oil & Gas Services		1.5
Packaging & Containers		0.3
Pharmaceuticals		2.1
Real Estate		1.7
REITS		4.7
Retail		6.6
Savings & Loans		0.7
Semiconductors		2.1
Software		8.4
Telecommunications		2.7
Textiles		0.3
Transportation		3.1
Trucking & Leasing		0.4
Money Market Fund		0.6
Repurchase Agreement		3.8
Total Investments		105.4
Liabilities in Excess of Other Assets		(5.4	)
Net Assets		100.0	%

Investments	Shares		Value
COMMON STOCKS — 98.8%

Aerospace/Defense — 3.6%
Airbus SE (France)^(a)		116,841	$	3,868,605

Airlines — 2.4%
Gol Linhas Aereas Inteligentes SA (Brazil)*^(a)(b)		200,435		2,615,677

Apparel — 3.1%
LVMH Moet Hennessy Louis Vuitton SE (France)^(a)		45,100		3,324,321

Beverages — 5.1%
Cia Cervecerias Unidas SA (Chile)^(a)		95,840		2,823,447
Diageo PLC (United Kingdom)^(a)		16,861		2,758,628
Total Beverages				5,582,075

Biotechnology — 3.5%
Argenx SE (Netherlands)*^(a)(b)		30,593		3,819,230

Computers — 8.5%
Check Point Software Technologies Ltd. (Israel)*		23,644		2,990,729
Infosys Ltd. (India)^(a)(b)		299,260		3,270,912
WNS Holdings Ltd. (India)*^(a)		54,799		2,919,143
Total Computers				9,180,784

Electric — 4.7%
Centrais Eletricas Brasileiras SA (Brazil)*^(a)(b)		286,875		2,685,150
Cia Energetica de Minas Gerais (Brazil)^(a)(b)		685,856		2,448,506
Total Electric				5,133,656

Electronics — 2.9%
Allegion PLC		34,203		3,102,554

Food — 7.7%
Cia Brasileira de Distribuicao (Brazil)^(a)		120,422		2,803,424
Cosan Ltd., Class A (Brazil)		227,585		2,637,710
Nestle SA (Switzerland)^(a)		30,634		2,920,033
Total Food				8,361,167

Healthcare – Products — 2.6%
Smith & Nephew PLC (United Kingdom)^(a)		69,666		2,794,303

Healthcare – Services — 2.7%
ICON PLC (Ireland)*		21,189		2,893,994

Investments	Shares		Value
COMMON STOCKS (continued)

Internet — 5.5%
21Vianet Group, Inc. (China)*^(a)		291,211	$	2,312,215
MercadoLibre, Inc. (Argentina)*^(b)		7,293		3,702,875
Total Internet				6,015,090

Iron / Steel — 4.5%
Cia Siderurgica Nacional SA (Brazil)*^(a)		692,887		2,847,766
Vale SA (Brazil)^(a)(b)		154,376		2,016,150
Total Iron / Steel				4,863,916

Mining — 9.4%
AngloGold Ashanti Ltd. (South Africa)^(a)		201,246		2,636,323
BHP Group Ltd. (Australia)^(a)(b)		45,126		2,467,038
Cia de Minas Buenaventura SAA (Peru)^(a)(b)		154,905		2,676,758
Gold Fields Ltd. (South Africa)^(a)(b)		660,146		2,462,345
Total Mining				10,242,464

Oil & Gas — 3.9%
CNOOC Ltd. (China)^(a)		22,601		4,198,362

Pharmaceuticals — 8.8%
AstraZeneca PLC (United Kingdom)^(a)(b)		70,766		2,861,069
Galapagos NV (Belgium)*^(a)(b)		32,316		3,806,179
Novartis AG (Switzerland)^(a)		29,930		2,877,470
Total Pharmaceuticals				9,544,718

Telecommunications — 17.1%
China Mobile Ltd. (China)^(a)		49,367		2,517,223
Intelsat SA*^(b)		238,310		3,731,935
KT Corp. (South Korea)^(a)		182,648		2,272,141
Nice Ltd. (Israel)*^(a)		38,349		4,698,136
SK Telecom Co., Ltd. (South Korea)^(a)		88,669		2,171,504
Telefonaktiebolaget LM Ericsson (Sweden)^(a)		345,557		3,172,213
Total Telecommunications				18,563,152

Transportation — 2.8%
ZTO Express Cayman, Inc. (China)^(a)(b)		163,224		2,983,735
Total Common Stocks
(Cost $102,368,823)				107,087,803

Investments	Principal		Value
MONEY MARKET FUND — 1.2%

Invesco Government & Agency Portfolio – Private Investment Class, 2.04%^(c) (Cost $1,296,411)	$	1,296,411	$	1,296,411

REPURCHASE AGREEMENTS — 5.4%^(d)
Daiwa Capital Markets America, dated 03/29/19, due 04/01/19, 2.65%, total to be received $1,373,552, (collateralized by various U.S. Government Agency Obligations, 0.00%-6.50%, 04/11/19–03/20/49, totaling $1,396,662)		1,373,249		1,373,249
HSBC Securities USA, Inc., dated 03/29/19, due 04/01/19, 2.59%, total to be received $1,373,545, (collateralized by various U.S. Government Agency Obligations, 0.00%–4.50%, 08/15/39–11/20/48, totaling $1,397,095)		1,373,249		1,373,249
Mizuho Securities USA, Inc., dated 03/29/19, due 04/01/19, 2.61%, total to be received $1,373,548, (collateralized by various U.S. Government Agency Obligations, 2.00%-6.00%, 10/01/19–07/01/48, totaling $1,397,225)		1,373,249		1,373,249
Nomura Securities International, Inc., dated 03/29/19, due 04/01/19, 2.60%, total to be received $406,830, (collateralized by various U.S. Government Agency Obligations, 0.00%–1.63%, 05/15/24–11/15/48, totaling $414,864)		406,742		406,742

Investments	Principal		Value
REPURCHASE AGREEMENTS (continued)

RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $1,373,552, (collateralized by various U.S. Government Agency Obligations, 0.00%–7.00%, 04/11/19–09/09/49, totaling $1,396,561)	$	1,373,249	$	1,373,249
Total Repurchase Agreements
(Cost $5,899,738)				5,899,738
Total Investments — 105.4%
(Cost $109,564,972)				114,283,952
Liabilities in Excess of Other Assets — (5.4%)				(5,904,535	)
Net Assets — 100.0%			$	108,379,417

PLC — Public Limited Company

Non-income producing security.

(a)

American Depositary Receipt.

(b)

All or a portion of security is on loan. The aggregate market value of the securities on loan is $16,819,228; the aggregate market value of the collateral held by the fund is $17,232,341. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $11,332,603.

(c)

Rate shown reflects the 7-day yield as of March 31, 2019.

(d)

Collateral received from brokers for securities lending was invested in these short-term investments.

Investments	Shares		Value
COMMON STOCKS — 99.4%

Advertising — 2.2%
Boston Omaha Corp., Class A*		316	$	7,881
Fluent, Inc.*		1,801		10,122
National CineMedia, Inc.		938		6,613
SharpSpring, Inc.*^(a)		714		11,438
Total Advertising				36,054

Aerospace/Defense — 1.0%
Ducommun, Inc.*		228		9,922
National Presto Industries, Inc.^(a)		63		6,839
Total Aerospace/Defense				16,761

Agriculture — 0.8%
Turning Point Brands, Inc.^(a)		279		12,859

Airlines — 1.1%
SkyWest, Inc.		321		17,427

Apparel — 0.5%
Rocky Brands, Inc.		327		7,835

Auto Manufacturers — 0.4%
Kandi Technologies Group, Inc. (China)*		1,072		6,014

Auto Parts & Equipment — 0.5%
Miller Industries, Inc.		264		8,144

Banks — 5.8%
Bank of Commerce Holdings		594		6,267
Bank of Marin Bancorp		181		7,365
Baycom Corp.*		321		7,267
First Bancshares, Inc. (The)		228		7,045
First Community Bankshares, Inc.		232		7,688
Independent Bank Corp.		438		9,417
Macatawa Bank Corp.		858		8,528
OFG Bancorp (Puerto Rico)		621		12,290
Old Second Bancorp, Inc.		708		8,914
Parke Bancorp, Inc.		339		7,082
Sierra Bancorp		234		5,686
United Security Bancshares		750		7,950
Total Banks				95,499

Beverages — 0.9%
New Age Beverages Corp.*^(a)		1,208		6,354
Primo Water Corp.*^(a)		505		7,807
Total Beverages				14,161

Investments	Shares		Value
COMMON STOCKS (continued)

Biotechnology — 5.3%
Affimed N.V. (Germany)*		2,131	$	8,950
Aldeyra Therapeutics, Inc.*		800		7,224
BioCryst Pharmaceuticals, Inc.*^(a)		1,086		8,840
Cara Therapeutics, Inc.*		425		8,338
Cerecor, Inc.*		1,884		11,002
ChemoCentryx, Inc.*		585		8,126
Krystal Biotech, Inc.*^(a)		343		11,285
Veracyte, Inc.*		578		14,462
Vericel Corp.*^(a)		478		8,370
Total Biotechnology				86,597

Chemicals — 1.1%
Codexis, Inc.*^(a)		882		18,107

Coal — 1.0%
Advanced Emissions Solutions, Inc.^(a)		686		7,930
Natural Resource Partners LP		192		8,064
Total Coal				15,994

Commercial Services — 4.5%
Care.com, Inc.*		429		8,477
Career Education Corp.*		924		15,265
Chegg, Inc.*^(a)		522		19,899
Evo Payments, Inc., Class A*		314		9,122
Hackett Group, Inc. (The)		369		5,830
Heidrick & Struggles International, Inc.		210		8,049
International Money Express, Inc.*^(a)		637		7,427
Total Commercial Services				74,069

Computers — 1.4%
Agilysys, Inc.*		398		8,426
PAR Technology Corp.*^(a)		603		14,749
Total Computers				23,175

Diversified Financial Services — 2.6%
America First Multifamily Investors LP		1,205		8,278
Blucora, Inc.*		309		10,314
Hamilton Lane, Inc., Class A		213		9,283
Oppenheimer Holdings, Inc., Class A		282		7,338
World Acceptance Corp.*^(a)		72		8,433
Total Diversified Financial Services				43,646

Investments	Shares		Value
COMMON STOCKS (continued)

Electric — 1.1%
Ameresco, Inc., Class A*		642	$	10,388
Genie Energy Ltd., Class B		931		7,913
Total Electric				18,301

Electrical Components & Equipment — 1.7%
American Superconductor Corp.*^(a)		699		8,989
Novanta, Inc.*		231		19,573
Total Electrical Components & Equipment				28,562

Electronics — 4.8%
Allied Motion Technologies, Inc.		171		5,879
Camtek Ltd. (Israel)		864		7,707
Fluidigm Corp.*		968		12,865
Ituran Location and Control Ltd. (Israel)		244		8,332
Mesa Laboratories, Inc.		46		10,603
Napco Security Technologies, Inc.*		392		8,130
NVE Corp.		75		7,342
Stoneridge, Inc.*		270		7,792
Vishay Precision Group, Inc.*		294		10,058
Total Electronics				78,708

Energy – Alternate Sources — 2.3%
Enphase Energy, Inc.*^(a)		1,116		10,301
FutureFuel Corp.		456		6,110
Renewable Energy Group, Inc.*		543		11,924
Sunrun, Inc.*		675		9,491
Total Energy – Alternate Sources				37,826

Engineering & Construction — 0.6%
Great Lakes Dredge & Dock Corp.*		1,030		9,177

Entertainment — 2.4%
Eldorado Resorts, Inc.*^(a)		690		32,216
Monarch Casino & Resort, Inc.*		156		6,852
Total Entertainment				39,068

Environmental Control — 3.2%
AquaVenture Holdings Ltd.*		432		8,359
Casella Waste Systems, Inc., Class A*		771		27,417
Heritage-Crystal Clean, Inc.*		308		8,454
Pure Cycle Corp.*		879		8,667
Total Environmental Control				52,897

Food — 0.6%
Chefs' Warehouse, Inc. (The)*		315		9,781

Investments	Shares		Value
COMMON STOCKS (continued)

Gas — 0.5%
Global Partners LP^(a)		441	$	8,670

Healthcare – Products — 9.7%
Apyx Medical Corp.*		917		5,786
BioLife Solutions, Inc.*		433		7,746
CareDx, Inc.*^(a)		1,023		32,245
Cerus Corp.*		1,473		9,177
Hanger, Inc.*		353		6,725
iRadimed Corp.*		300		8,427
Lantheus Holdings, Inc.*		354		8,666
NanoString Technologies, Inc.*		567		13,568
OrthoPediatrics Corp.*^(a)		320		14,153
Quanterix Corp.*		368		9,505
Quotient Ltd.*		1,206		10,866
STAAR Surgical Co.*^(a)		498		17,027
Surmodics, Inc.*		168		7,305
Tactile Systems Technology, Inc.*^(a)		154		8,119
Total Healthcare – Products				159,315

Healthcare – Services — 1.7%
Addus HomeCare Corp.*^(a)		159		10,111
R1 RCM, Inc.*		999		9,660
RadNet, Inc.*^(a)		711		8,809
Total Healthcare – Services				28,580

Insurance — 2.0%
eHealth, Inc.*^(a)		300		18,702
Kinsale Capital Group, Inc.		210		14,400
Total Insurance				33,102

Internet — 4.0%
1-800-Flowers.Com, Inc., Class A*		478		8,714
Attunity Ltd. (Israel)*		524		12,288
Liquidity Services, Inc.*		939		7,240
Meet Group, Inc. (The)*		1,960		9,859
Rubicon Project, Inc. (The)*		1,706		10,372
Tucows, Inc., Class A*		115		9,336
Zix Corp.*		1,115		7,671
Total Internet				65,480

Iron / Steel — 0.8%
Mesabi Trust		447		13,093

Leisure Time — 1.8%
Clarus Corp.		780		9,992
Lindblad Expeditions Holdings, Inc.*		639		9,745
Malibu Boats, Inc., Class A*		240		9,499
Total Leisure Time				29,236

Investments	Shares		Value
COMMON STOCKS (continued)

Metal Fabricate / Hardware — 0.5%
Northwest Pipe Co.*^(a)		330	$	7,920

Oil & Gas — 0.9%
Geopark Ltd. (Colombia)*		819		14,161

Oil & Gas Services — 1.4%
DMC Global, Inc.		330		16,381
Matrix Service Co.*		382		7,480
Total Oil & Gas Services				23,861

Pharmaceuticals — 5.4%
Aeglea BioTherapeutics, Inc.*		816		6,569
Axsome Therapeutics, Inc.*^(a)		793		11,284
BioDelivery Sciences International, Inc.*		1,883		9,980
BioSpecifics Technologies Corp.*		119		7,417
Harrow Health, Inc.*		1,408		7,012
KalVista Pharmaceuticals, Inc.*		433		12,392
Lifevantage Corp.*		754		10,775
Osiris Therapeutics, Inc.*		597		11,343
Ra Pharmaceuticals, Inc.*		542		12,141
Total Pharmaceuticals				88,913

Pipelines — 0.5%
Oasis Midstream Partners LP		369		7,498

REITS — 6.2%
Arbor Realty Trust, Inc.^(a)		800		10,376
Ares Commercial Real Estate Corp.		545		8,279
Cherry Hill Mortgage Investment Corp.^(a)		411		7,077
Community Healthcare Trust, Inc.^(a)		261		9,367
Global Medical REIT, Inc.		753		7,395
Granite Point Mortgage Trust, Inc.		404		7,502
Innovative Industrial Properties, Inc.		237		19,361
Jernigan Capital, Inc.		329		6,922
NexPoint Residential Trust, Inc.		262		10,045
NorthStar Realty Europe Corp.		448		7,777
One Liberty Properties, Inc.		289		8,381
Total REITS				102,482

Retail — 3.2%
America's Car-Mart, Inc.*		148		13,518
PCM, Inc.*		406		14,872
PetIQ, Inc.*^(a)		249		7,821
Ruth's Hospitality Group, Inc.		294		7,523

Investments	Shares		Value
COMMON STOCKS (continued)

Retail (continued)
Shoe Carnival, Inc.		283	$	9,631
Total Retail				53,365

Semiconductors — 0.4%
Photronics, Inc.*		757		7,154

Software — 9.0%
AppFolio, Inc., Class A*^(a)		204		16,198
Bandwidth, Inc., Class A*		215		14,396
Everbridge, Inc.*^(a)		234		17,552
Five9, Inc.*		591		31,223
Glu Mobile, Inc.*		1,839		20,119
Inseego Corp.*^(a)		1,673		7,897
LivePerson, Inc.*		471		13,668
Simulations Plus, Inc.^(a)		432		9,119
Upland Software, Inc.*		408		17,283
Total Software				147,455

Telecommunications — 3.6%
AudioCodes Ltd. (Israel)		926		12,816
Ceragon Networks Ltd. (Israel)*		1,839		6,602
Harmonic, Inc.*^(a)		1,578		8,553
NeoPhotonics Corp.*		1,014		6,378
Ooma, Inc.*		563		7,454
pdvWireless, Inc.*^(a)		201		7,067
RF Industries Ltd.		903		6,086
RigNet, Inc.*		459		4,485
Total Telecommunications				59,441

Toys / Games / Hobbies — 0.5%
Funko, Inc., Class A*^(a)		405		8,797

Transportation — 1.0%
ArcBest Corp.^(a)		213		6,558
PAM Transportation Services, Inc.*		195		9,544
Total Transportation				16,102

Water — 0.5%
Middlesex Water Co.		163		9,126
Total Common Stocks
(Cost $1,499,382)				1,634,413

MONEY MARKET FUND — 1.5%
STIT – Government & Agency Portfolio, Institutional Class, 2.34%^(b) (Cost $25,372)		25,372		25,372

Investments	Shares/ Principal		Value
REPURCHASE AGREEMENT — 5.8%^(c)
RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $95,211, (collateralized by various U.S. Government Agency Obligations, 0.00%-7.00%, 04/11/19-09/09/49, totaling $96,806)
(Cost $95,190)	$	95,190	$	95,190
Total Investments — 106.7%
(Cost $1,619,944)				1,754,975
Liabilities in Excess of Other Assets — (6.7%)				(110,148	)
Net Assets — 100.0%			$	1,644,827

LP — Limited Partnership

REITS — Real Estate Investment Trusts

*	Non-income producing security.
(a)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $419,953; the aggregate market value of the collateral held by the fund is $430,179. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $334,989.
(b)	Rate shown reflects the 7-day yield as of March 31, 2019.
(c)	Collateral received from brokers for securities lending was invested in these short-term investments.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Advertising		2.2	%
Aerospace/Defense		1.0
Agriculture		0.8
Airlines		1.1
Apparel		0.5
Auto Manufacturers		0.4
Auto Parts & Equipment		0.5
Banks		5.8
Beverages		0.9
Biotechnology		5.3
Chemicals		1.1
Coal		1.0
Commercial Services		4.5
Computers		1.4
Diversified Financial Services		2.6
Electric		1.1
Electrical Components & Equipment		1.7
Electronics		4.8
Energy – Alternate Sources		2.3
Engineering & Construction		0.6
Entertainment		2.4
Environmental Control		3.2
Food		0.6
Gas		0.5
Healthcare – Products		9.7
Healthcare – Services		1.7
Insurance		2.0
Internet		4.0
Iron / Steel		0.8

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)

	% of
	Net Assets
Leisure Time		1.8	%
Metal Fabricate / Hardware		0.5
Oil & Gas		0.9
Oil & Gas Services		1.4
Pharmaceuticals		5.4
Pipelines		0.5
REITS		6.2
Retail		3.2
Semiconductors		0.4
Software		9.0
Telecommunications		3.6
Toys / Games / Hobbies		0.5
Transportation		1.0
Water		0.5
Money Market Fund		1.5
Repurchase Agreement		5.8
Total Investments		106.7
Liabilities in Excess of Other Assets		(6.7	)
Net Assets		100.0	%

Investments	Shares			Value
EXCHANGE TRADED FUND — 16.7%

Debt Fund — 16.7%
AdvisorShares Sage Core Reserves ETF^†
(Cost $2,485,250)		25,000		$	2,485,250

MONEY MARKET FUND — 41.3%
STIT – Government & Agency Portfolio, Institutional Class, 2.34%^(a) (Cost $6,162,290)		6,162,290			6,162,290
Total Investments Before Securities Sold, Not Yet Purchased
(Cost $8,647,540)					8,647,540

Securities Sold, Not Yet Purchased — (102.9)%^(b)

COMMON STOCKS — (102.9)%

Airlines — (0.9)%
American Airlines Group, Inc.		(4,391	)		(139,458	)

Auto Parts & Equipment — (2.8)%
Adient PLC		(11,088	)		(143,701	)
Goodyear Tire & Rubber Co. (The)		(7,289	)		(132,295	)
Visteon Corp.*		(2,104	)		(141,704	)
Total Auto Parts & Equipment					(417,700	)

Banks — (3.9)%
Bank OZK		(4,601	)		(133,337	)
State Street Corp.		(2,059	)		(135,503	)
Synovus Financial Corp.		(4,516	)		(155,170	)
Texas Capital Bancshares, Inc.*		(2,833	)		(154,653	)
Total Banks					(578,663	)

Beverages — (1.1)%
National Beverage Corp.		(2,794	)		(161,298	)

Biotechnology — (1.2)%
Alnylam Pharmaceuticals, Inc.*		(1,991	)		(186,059	)

Building Materials — (4.2)%
Eagle Materials, Inc.		(2,131	)		(179,643	)
Fortune Brands Home & Security, Inc.		(3,311	)		(157,637	)
JELD-WEN Holding, Inc.*		(9,655	)		(170,507	)
Owens Corning		(2,625	)		(123,690	)
Total Building Materials					(631,477	)

Chemicals — (4.3)%
Huntsman Corp.		(7,572	)		(170,294	)
Olin Corp.		(7,390	)		(171,005	)
Univar, Inc.*		(6,924	)		(153,436	)
Westlake Chemical Corp.		(2,168	)		(147,120	)
Total Chemicals					(641,855	)

Investments	Shares			Value
COMMON STOCKS (continued)

Commercial Services — (3.3)%
ManpowerGroup, Inc.		(2,026	)	$	(167,530	)
United Rentals, Inc.*		(1,334	)		(152,409	)
Weight Watchers International, Inc.*		(8,546	)		(172,202	)
Total Commercial Services					(492,141	)

Computers — (1.9)%
DXC Technology Co.		(2,438	)		(156,788	)
Western Digital Corp.		(2,508	)		(120,534	)
Total Computers					(277,322	)

Distribution/Wholesale — (1.0)%
LKQ Corp.*		(5,496	)		(155,977	)

Diversified Financial Services — (2.9)%
Affiliated Managers Group, Inc.		(1,270	)		(136,030	)
Alliance Data Systems Corp.		(943	)		(165,006	)
Invesco Ltd.		(6,981	)		(134,803	)
Total Diversified Financial Services					(435,839	)

Electric — (1.1)%
PG&E Corp.*		(9,145	)		(162,781	)

Electronics — (1.1)%
Coherent, Inc.*		(1,133	)		(160,569	)

Engineering & Construction — (1.1)%
Fluor Corp.		(4,385	)		(161,368	)

Entertainment — (2.2)%
Marriott Vacations Worldwide Corp.		(1,958	)		(183,073	)
Scientific Games Corp.*		(6,830	)		(139,469	)
Total Entertainment					(322,542	)

Environmental Control — (1.0)%
Stericycle, Inc.*		(2,872	)		(156,294	)

Food — (3.2)%
Conagra Brands, Inc.		(6,231	)		(172,848	)
Hain Celestial Group, Inc. (The)*		(6,347	)		(146,742	)
Kraft Heinz Co. (The)		(4,721	)		(154,141	)
Total Food					(473,731	)

Hand / Machine Tools — (1.4)%
Colfax Corp.*		(6,984	)		(207,285	)

Healthcare – Services — (0.8)%
MEDNAX, Inc.*		(4,225	)		(114,793	)

Home Builders — (1.0)%
Thor Industries, Inc.		(2,310	)		(144,075	)

Investments	Shares			Value
COMMON STOCKS (continued)

Housewares — (0.7)%
Newell Brands, Inc.		(7,224	)	$	(110,816	)
Insurance — (3.2)%
American International Group, Inc.		(3,503	)		(150,839	)
Brighthouse Financial, Inc.*		(4,268	)		(154,886	)
Unum Group		(5,063	)		(171,281	)
Total Insurance					(477,006	)

Internet — (3.6)%
GrubHub, Inc.*		(2,319	)		(161,101	)
Snap, Inc., Class A*		(18,706	)		(206,140	)
Zillow Group, Inc., Class A*		(4,785	)		(163,647	)
Total Internet					(530,888	)

Iron / Steel — (0.8)%
United States Steel Corp.		(5,833	)		(113,685	)

Lodging — (3.1)%
Caesars Entertainment Corp.*		(16,088	)		(139,805	)
Hilton Grand Vacations, Inc.*		(5,291	)		(163,227	)
Wynn Resorts Ltd.		(1,353	)		(161,440	)
Total Lodging					(464,472	)

Machinery – Construction & Mining — (2.2)%
BWX Technologies, Inc.		(3,411	)		(169,117	)
Terex Corp.		(5,034	)		(161,743	)
Total Machinery – Construction & Mining					(330,860	)

Machinery – Diversified — (1.1)%
Wabtec Corp.		(2,153	)		(158,719	)

Media — (1.1)%
DISH Network Corp., Class A*		(5,396	)		(170,999	)

Mining — (2.1)%
Alcoa Corp.*		(5,021	)		(141,392	)
Freeport-McMoRan, Inc.		(13,071	)		(168,485	)
Total Mining					(309,877	)

Miscellaneous Manufacturing — (0.9)%
General Electric Co.		(14,028	)		(140,140	)

Oil & Gas — (11.0)%
Anadarko Petroleum Corp.		(3,563	)		(162,045	)
Antero Resources Corp.*		(13,650	)		(120,529	)
Apache Corp.		(4,423	)		(153,301	)
Centennial Resource Development, Inc., Class A*		(12,749	)		(112,064	)
Cimarex Energy Co.		(2,024	)		(141,477	)
Devon Energy Corp.		(5,539	)		(174,811	)

Investments	Shares			Value
COMMON STOCKS (continued)

Oil & Gas (continued)
EQT Corp.		(6,690	)	$	(138,751	)
Noble Energy, Inc.		(6,955	)		(171,997	)
Parsley Energy, Inc., Class A*		(7,272	)		(140,350	)
Transocean Ltd.*		(18,891	)		(164,541	)
WPX Energy, Inc.*		(12,101	)		(158,644	)
Total Oil & Gas					(1,638,510	)

Oil & Gas Services — (7.0)%
Baker Hughes a GE Co.		(6,231	)		(172,723	)
Core Laboratories N.V.		(2,164	)		(149,164	)
Halliburton Co.		(4,449	)		(130,356	)
National Oilwell Varco, Inc.		(5,703	)		(151,928	)
Patterson-UTI Energy, Inc.		(9,791	)		(137,270	)
RPC, Inc.		(12,693	)		(144,827	)
Schlumberger Ltd.		(3,582	)		(156,068	)
Total Oil & Gas Services					(1,042,336	)

Packaging & Containers — (1.1)%
Westrock Co.		(4,146	)		(158,999	)

Pharmaceuticals — (4.0)%
Alkermes PLC*		(3,680	)		(134,283	)
Mylan NV*		(5,477	)		(155,218	)
Nektar Therapeutics*		(4,154	)		(139,575	)
Perrigo Co. PLC		(3,437	)		(165,526	)
Total Pharmaceuticals					(594,602	)

REITS — (1.0)%
Weyerhaeuser Co.		(5,844	)		(153,931	)

Retail — (4.0)%
Beacon Roofing Supply, Inc.*		(4,262	)		(137,066	)
L Brands, Inc.		(6,082	)		(167,742	)
Michaels Cos., Inc. (The)*		(11,232	)		(128,269	)
Tapestry, Inc.		(4,971	)		(161,508	)
Total Retail					(594,585	)

Semiconductors — (3.6)%
Applied Materials, Inc.		(4,568	)		(181,167	)
IPG Photonics Corp.*		(1,097	)		(166,503	)
NVIDIA Corp.		(1,085	)		(194,822	)
Total Semiconductors					(542,492	)

Software — (3.2)%
Activision Blizzard, Inc.		(3,226	)		(146,880	)
Blackbaud, Inc.		(2,110	)		(168,230	)
Electronic Arts, Inc.*		(1,600	)		(162,608	)
Total Software					(477,718	)

Investments	Shares			Value
COMMON STOCKS (continued)

Telecommunications — (2.4)%
CommScope Holding Co., Inc.*		(8,725	)	$	(189,594	)
Zayo Group Holdings, Inc.*		(6,095	)		(173,220	)
Total Telecommunications					(362,814	)

Textiles — (0.8)%
Mohawk Industries, Inc.*		(887	)		(111,895	)

Toys/Games/Hobbies — (1.0)%
Mattel, Inc.*		(11,217	)		(145,821	)

Transportation — (4.6)%
FedEx Corp.		(901	)		(163,451	)
Knight-Swift Transportation Holdings, Inc.		(5,318	)		(173,792	)
Ryder System, Inc.		(2,846	)		(176,424	)
XPO Logistics, Inc.*		(3,137	)		(168,582	)
Total Transportation					(682,249	)

Total Securities Sold, Not Yet Purchased [Proceeds Received $(16,305,914)]					(15,334,641	)

Total Investments — (44.9)%
(Cost $(7,658,374))					(6,687,101	)

Other Assets in Excess of Liabilities — 144.9%					21,587,611
Net Assets — 100.0%				$	14,900,510

ETF — Exchange Traded Fund

PLC — Public Limited Company

REITS — Real Estate Investment Trusts

*	Non-income producing security.
†	Affiliated Company.
(a)	Rate shown reflects the 7-day yield as of March 31, 2019.
(b)	As of March 31, 2019 cash in the amount of $17,691,271 has been segregated as collateral from the broker for securities sold short.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Airlines		(0.9	)%
Auto Parts & Equipment		(2.8	)
Banks		(3.9	)
Beverages		(1.1	)
Biotechnology		(1.2	)
Building Materials		(4.2	)
Chemicals		(4.3	)
Commercial Services		(3.3	)
Computers		(1.9	)
Debt Fund		16.7
Distribution/Wholesale		(1.0	)
Diversified Financial Services		(2.9	)
Electric		(1.1	)
Electronics		(1.1	)
Engineering & Construction		(1.1	)
Entertainment		(2.2	)
Environmental Control		(1.0	)
Food		(3.2	)
Hand / Machine Tools		(1.4	)
Healthcare – Services		(0.8	)
Home Builders		(1.0	)
Housewares		(0.7	)
Insurance		(3.2	)
Internet		(3.6	)

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)

	% of
	Net Assets
Iron / Steel		(0.8	)%
Lodging		(3.1	)
Machinery – Construction & Mining		(2.2	)
Machinery – Diversified		(1.1	)
Media		(1.1	)
Mining		(2.1	)
Miscellaneous Manufacturing		(0.9	)
Oil & Gas		(11.0	)
Oil & Gas Services		(7.0	)
Packaging & Containers		(1.1	)
Pharmaceuticals		(4.0	)
REITS		(1.0	)
Retail		(4.0	)
Semiconductors		(3.6	)
Software		(3.2	)
Telecommunications		(2.4	)
Textiles		(0.8	)
Toys/Games/Hobbies		(1.0	)
Transportation		(4.6	)
Money Market Fund		41.3
Total Investments		(44.9	)
Other Assets in Excess of Liabilities		144.9
Net Assets		100.0	%

Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the period ended March 31, 2019 were as follows:

Investments	Shares		Value
COMMON STOCKS — 97.2%

Aerospace/Defense — 4.6%
Boeing Co. (The)		2,343	$	893,667
General Dynamics Corp.		6,275		1,062,232
Northrop Grumman Corp.		3,388		913,405
Total Aerospace/Defense				2,869,304

Agriculture — 2.9%
Philip Morris International, Inc.		20,746		1,833,739

Auto Manufacturers — 1.0%
General Motors Co.		17,320		642,572

Banks — 9.3%
Bank of America Corp.		52,995		1,462,132
Bank of New York Mellon Corp. (The)		24,800		1,250,664
JPMorgan Chase & Co.		16,677		1,688,213
PNC Financial Services Group, Inc. (The)		11,545		1,416,109
Total Banks				5,817,118

Commercial Services — 4.9%
IHS Markit Ltd.*		17,530		953,281
PayPal Holdings, Inc.*		13,546		1,406,617
Verisk Analytics, Inc.		5,221		694,393
Total Commercial Services				3,054,291

Diversified Financial Services — 4.7%
Intercontinental Exchange, Inc.		19,017		1,447,955
Visa, Inc., Class A^(a)		9,443		1,474,902
Total Diversified Financial Services				2,922,857

Electric — 1.9%
American Electric Power Co., Inc.		7,215		604,256
Xcel Energy, Inc.		10,789		606,450
Total Electric				1,210,706

Food — 2.9%
US Foods Holding Corp.*		51,501		1,797,900

Healthcare – Services — 3.0%
Anthem, Inc.		6,527		1,873,118

Insurance — 3.9%
Chubb Ltd.		7,277		1,019,362
Willis Towers Watson PLC		7,899		1,387,459
Total Insurance				2,406,821

Investments	Shares		Value
COMMON STOCKS (continued)

Internet — 3.9%
Alibaba Group Holding Ltd. (China)*^(b)		3,663	$	668,314
Alphabet, Inc., Class A*		778		915,620
Amazon.com, Inc.*		465		828,049
Total Internet				2,411,983

Media — 2.8%
Comcast Corp., Class A		44,136		1,764,557

Miscellaneous Manufacturing — 1.3%
3M Co.		3,801		789,772

Oil & Gas — 9.6%
Anadarko Petroleum Corp.		12,400		563,952
Chevron Corp.		19,289		2,376,019
EOG Resources, Inc.		10,303		980,640
Marathon Oil Corp.		53,606		895,756
Pioneer Natural Resources Co.		7,597		1,156,871
Total Oil & Gas				5,973,238

Oil & Gas Services — 1.4%
Halliburton Co.		29,428		862,240

Pharmaceuticals — 14.8%
AstraZeneca PLC (United Kingdom)^(a)(b)		43,478		1,757,816
Bayer AG (Germany)^(b)		54,345		875,226
Cigna Corp.		7,147		1,149,381
CVS Health Corp.		21,896		1,180,851
McKesson Corp.		7,239		847,397
Novartis AG (Switzerland)^(b)		18,167		1,746,576
Sanofi (France)^(b)		36,801		1,629,548
Total Pharmaceuticals				9,186,795

REITS — 3.9%
American Tower Corp.		12,196		2,403,344

Retail — 6.1%
Dollar General Corp.		16,380		1,954,134
Dollar Tree, Inc.*		5,505		578,245
TJX Cos., Inc. (The)		23,908		1,272,145
Total Retail				3,804,524

Software — 5.1%
Fidelity National Information Services, Inc.		14,781		1,671,731
Microsoft Corp.		12,774		1,506,566
Total Software				3,178,297

Investments	Shares		Value
COMMON STOCKS (continued)

Telecommunications — 7.8%
Motorola Solutions, Inc.		10,250	$	1,439,305
Telefonaktiebolaget LM Ericsson (Sweden)^(b)		106,747		979,937
Verizon Communications, Inc.		40,796		2,412,268
Total Telecommunications				4,831,510

Transportation — 1.4%
FedEx Corp.		4,726		857,344
Total Common Stocks
(Cost $58,646,989)				60,492,030

MONEY MARKET FUND — 2.8%
Wells Fargo Advantage Government Money Market Fund – Institutional Class, 2.32%^(c) (Cost $1,774,256)		1,774,256		1,774,256

Total Investments — 100.0%
(Cost $60,421,245)				62,266,286
Other Assets in Excess of Liabilities — 0.0%^**				9,589
Net Assets — 100.0%			$	62,275,875

PLC — Public Limited Company

REITS — Real Estate Investment Trusts

*	Non-income producing security.
**	Less than 0.05%.
(a)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $1,483,537; the aggregate market value of the collateral held by the fund is $1,513,430. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,513,430.
(b)	American Depositary Receipt.
(c)	Rate shown reflects the 7-day yield as of March 31, 2019.

For information on the Fund’s policies regarding the valuation of investments and other significant policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

Investments	Shares		Value
COMMON STOCKS — 99.5%

Aerospace/Defense — 4.2%
Raytheon Co.		3,762	$	684,985

Banks — 7.8%
Eagle Bancorp, Inc.*		11,614		583,023
Signature Bank		5,362		686,711
Total Banks				1,269,734

Building Materials — 3.4%
Continental Building Products, Inc.*		22,166		549,495

Chemicals — 7.4%
RPM International, Inc.^(a)		9,738		565,194
Sherwin-Williams Co. (The)		1,451		624,960
Total Chemicals				1,190,154

Commercial Services — 4.6%
Moody's Corp.		4,120		746,091

Computers — 8.3%
Check Point Software Technologies Ltd. (Israel)*		5,423		685,955
Cognizant Technology Solutions Corp., Class A		9,013		652,992
Total Computers				1,338,947

Diversified Financial Services — 3.6%
Intercontinental Exchange, Inc.		7,693		585,745

Food — 11.6%
Hershey Co. (The)		5,285		606,877
Hormel Foods Corp.		13,242		592,712
JM Smucker Co. (The)		5,883		685,369
Total Food				1,884,958

Healthcare – Products — 13.1%
Becton Dickinson and Co.		2,582		644,803
Danaher Corp.		5,639		744,460
Stryker Corp.		3,719		734,577
Total Healthcare – Products				2,123,840

Household Products/Wares — 3.8%
Church & Dwight Co., Inc.		8,669		617,493

Insurance — 7.8%
Aflac, Inc.		12,783		639,150
Torchmark Corp.		7,684		629,704
Total Insurance				1,268,854

Media — 8.0%
FactSet Research Systems, Inc.^(a)		2,834		703,597
Walt Disney Co. (The)		5,313		589,903
Total Media				1,293,500

Investments	Shares		Value
COMMON STOCKS (continued)

Retail — 4.0%
Ross Stores, Inc.		6,853	$	638,014

Software — 11.9%
Broadridge Financial Solutions, Inc.		5,870		608,660
Cerner Corp.*		10,988		628,624
Fiserv, Inc.*^(a)		7,790		687,701
Total Software				1,924,985
Total Common Stocks
(Cost $13,196,600)				16,116,795

MONEY MARKET FUND — 1.0%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 2.29%^(b) (Cost $157,428)		157,428		157,428

Total Investments — 100.5%
(Cost $13,354,028)				16,274,223
Liabilities in Excess of Other Assets — (0.5%)				(76,126	)
Net Assets — 100.0%			$	16,198,097

*	Non-income producing security.
(a)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $1,408,882; the aggregate market value of the collateral held by the fund is $1,441,662. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,441,662.
(b)	Rate shown reflects the 7-day yield as of March 31, 2019.

Investments	Shares/ Principal		Value
EXCHANGE TRADED FUNDS — 98.5%

Asset Allocation Fund — 13.1%
SPDR Bloomberg Barclays Convertible Securities ETF		45,930	$	2,399,842

Debt Fund — 85.4%
High Yield ETF^(a)		60,571		2,112,111
Invesco Financial Preferred ETF		120,697		2,203,927
Invesco Fundamental Investment Grade Corporate Bond ETF^(a)		130,000		3,298,750
Invesco Global Short Term High Yield Bond ETF		23,097		539,315
Invesco National AMT-Free Municipal Bond ETF^(a)		21,522		552,255
Invesco Senior Loan ETF^(a)		62,410		1,412,962
Invesco Variable Rate Preferred ETF		59,543		1,463,567
iShares Floating Rate Bond ETF^(a)		31,291		1,593,025
Vanguard Mortgage-Backed Securities ETF^(a)		13,943		730,055
Vanguard Short-Term Treasury ETF		8,861		535,382
WisdomTree Emerging Markets Corporate Bond Fund^(a)		17,354		1,234,737
Total Debt Fund				15,676,086
Total Exchange Traded Funds
(Cost $18,036,014)				18,075,928

MONEY MARKET FUND — 1.9%
BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.36%^(b) (Cost $357,162)		357,162		357,162

REPURCHASE AGREEMENTS — 11.4%^(c)
BNP Paribas Securities Corp., dated 03/29/19, due 04/01/19, 2.59%, total to be received $486,574, (collateralized by various U.S. Government Agency Obligations, 0.00%-8.13%, 05/15/19-02/15/48, totaling $494,783)	$	486,469		486,469
Daiwa Capital Markets America, dated 03/29/19, due 04/01/19, 2.65%, total to be received $486,576, (collateralized by various U.S. Government Agency Obligations, 0.00%-6.50%, 04/11/19-03/20/49, totaling $494,763)		486,469		486,469

Investments	Principal		Value
REPURCHASE AGREEMENTS (continued)

Mizuho Securities USA, Inc., dated 03/29/19, due 04/01/19, 2.61%, total to be received $486,575, (collateralized by various U.S. Government Agency Obligations, 2.00%-6.00%, 10/01/19-07/01/48, totaling $494,962)	$	486,469	$	486,469
Nomura Securities International, Inc., dated 03/29/19, due 04/01/19, 2.60%, total to be received $144,090, (collateralized by various U.S. Government Agency Obligations, 0.00%-1.63%, 05/15/24-11/15/48, totaling $146,936)		144,059		144,059
RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $486,576, (collateralized by various U.S. Government Agency Obligations, 0.00%-7.00%, 04/11/19-09/09/49, totaling $494,727)		486,469		486,469
Total Repurchase Agreements
(Cost $2,089,935)				2,089,935

Total Investments — 111.8%
(Cost $20,483,111)				20,523,025
Liabilities in Excess of Other Assets — (11.8%)				(2,168,263	)
Net Assets — 100.0%			$	18,354,762

ETF — Exchange Traded Fund

(a)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $2,291,787; the aggregate market value of the collateral held by the fund is $2,336,794. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $246,859.
(b)	Rate shown reflects the 7-day yield as of March 31, 2019.
(c)	Collateral received from brokers for securities lending was invested in these short-term investments.

For information on the Fund’s policies regarding the valuation of investments and other significant policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

Investments	Shares/ Principal		Value
COMMON STOCKS — 89.2%

Advertising — 4.3%
Trade Desk, Inc. (The), Class A*		4,910	$	971,934

Biotechnology — 24.5%
Amarin Corp. PLC (Ireland)*^(a)(b)		265,102		5,503,518

Commercial Services — 3.6%
StoneCo Ltd., Class A (Brazil)*^(a)		19,482		800,905

Computers — 2.9%
CyberArk Software Ltd. (Israel)*		5,499		654,656

Internet — 19.6%
Alibaba Group Holding Ltd. (China)*^(a)(b)		6,313		1,151,807
Alphabet, Inc., Class C*		466		546,762
Amazon.com, Inc.*		571		1,016,808
Palo Alto Networks, Inc.*		2,893		702,652
Zscaler, Inc.*^(a)		13,714		972,734
Total Internet				4,390,763

Office / Business Equipment — 4.1%
Zebra Technologies Corp., Class A*		4,403		922,561

Semiconductors — 8.4%
NVIDIA Corp.		5,892		1,057,967
Xilinx, Inc.		6,535		828,573
Total Semiconductors				1,886,540

Software — 21.8%
Atlassian Corp. PLC, Class A*		8,839		993,415
Domo, Inc., Class B*^(a)		23,571		950,619
Microsoft Corp.		4,735		558,446
Splunk, Inc.*		11,294		1,407,232
Twilio, Inc., Class A*		7,500		968,850
Total Software				4,878,562
Total Common Stocks
(Cost $18,770,179)				20,009,439

EXCHANGE TRADED FUND — 6.7%
Equity Fund — 6.7%

AdvisorShares Sabretooth ETF*^†
(Cost $1,470,052)		56,863		1,496,634

Investments	Shares/ Principal		Value
MONEY MARKET FUND — 0.2%

Dreyfus Institutional Treasury and Agency Cash Advantage Fund, 2.35%^(c) (Cost $39,150)		39,150	$	39,150

REPURCHASE AGREEMENTS — 8.5%^(d)
Citigroup Global Markets, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $440,931, (collateralized by various U.S. Government Agency Obligations, 0.00%-10.50%, 04/02/19-10/20/68, totaling $447,710)	$	440,834		440,834
Daiwa Capital Markets America, dated 03/29/19, due 04/01/19, 2.65%, total to be received $440,931, (collateralized by various U.S. Government Agency Obligations, 0.00%-6.50%, 04/11/19-03/20/49, totaling $448,350)		440,834		440,834
Mizuho Securities USA, Inc., dated 03/29/19, due 04/01/19, 2.61%, total to be received $440,930, (collateralized by various U.S. Government Agency Obligations, 2.00%-6.00%, 10/01/19-07/01/48, totaling $448,531)		440,834		440,834
Nomura Securities International, Inc., dated 03/29/19, due 04/01/19, 2.60%, total to be received $130,499, (collateralized by various U.S. Government Agency Obligations, 0.00%-1.63%, 05/15/24-11/15/48, totaling $133,076)		130,471		130,471

Investments	Principal		Value
REPURCHASE AGREEMENTS (continued)

RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $440,931, (collateralized by various U.S. Government Agency Obligations,0.00%-7.00%, 04/11/19-09/09/49, totaling $448,317)	$	440,834	$	440,834
Total Repurchase Agreements
(Cost $1,893,807)				1,893,807

Total Investments — 104.6%
(Cost $22,173,188)				23,439,030
Liabilities in Excess of Other Assets — (4.6%)				(1,022,425	)
Net Assets — 100.0%			$	22,416,605

ETF — Exchange Traded Fund

PLC — Public Limited Company

*	Non-income producing security.
†	Affiliated Company.
(a)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $3,167,186; the aggregate market value of the collateral held by the fund is $3,243,166. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,349,359.
(b)	American Depositary Receipt.
(c)	Rate shown reflects the 7-day yield as of March 31, 2019.
(d)	Collateral received from brokers for securities lending was invested in these short-term investments.

Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the period ended March 31, 2019 were as follows:

Investments	Principal		Value
MORTGAGE BACKED SECURITIES — 31.2%

Commercial Mortgage Backed Securities — 3.5%
Access Point Funding I LLC, Class A, Series 2017-A, 3.06%, 04/15/29^‡	$	353,565	$	352,441
Aventura Mall Trust, Class C, Series 2013-AVM, 3.87%, 12/05/32^@^‡*		250,000		252,958
Bayview Commercial Asset Trust, Class A2, Series 2006-2A, 2.77%, (1-Month USD LIBOR + 0.28%), 07/25/36^@^‡		167,337		161,982
BX Trust, Class B, Series 2018-GW, 3.50%, (1-Month USD LIBOR + 1.02%), 05/15/35^@^‡		700,000		695,945
Caesars Palace Las Vegas Trust, Class C, Series 2017-VICI, 4.14%, 10/15/34^‡		445,000		457,379
Cold Storage Trust, Class A, Series 2017-ICE3, 3.48%, (1-Month USD LIBOR + 1.00%), 04/15/36^@^‡		250,000		250,328
Commercial Mortgage Lease-Backed Certificates, Class A3, Series 2001-CMLB, 7.47%, 06/20/31^@^‡*		460,000		476,829
GAHR Commercial Mortgage Trust, Class CFX, Series 2015-NRF, 3.38%, 12/15/34^@^‡*		200,000		198,935
Sutherland Commercial Mortgage Loans, Class A, Series 2017-SBC6, 3.19%, 05/25/37^@^‡*		220,713		220,171
Sutherland Commercial Mortgage Loans, Class A, Series 2018-SBC7, 4.72%, 05/25/39^@^‡*		327,297		327,624
Velocity Commercial Capital Loan Trust, Class AFX, Series 2017-1, 3.00%, 05/25/47^@^‡*		129,436		128,252
Total Commercial Mortgage Backed Securities				3,522,844

Residential Mortgage Backed Securities — 27.7%
Ajax Mortgage Loan Trust, Class A, Series 2017-B, 3.16%, 09/25/56^@^‡*		252,779		252,041
Alternative Loan Trust, Class 1A1, Series 2004-22CB, 6.00%, 10/25/34		90,542		95,188
Angel Oak Mortgage Trust I LLC, Class A1, Series 2018-1, 3.26%, 04/27/48^@^‡*		185,316		185,117
Angel Oak Mortgage Trust I LLC, Class A1, Series 2018-2, 3.67%, 07/27/48^@^‡*		128,089		128,903
Angel Oak Mortgage Trust I LLC, Class A1, Series 2018-3, 3.65%, 09/25/48^@^‡*		247,321		249,178

Investments	Principal		Value
MORTGAGE BACKED SECURITIES (continued)

Residential Mortgage Backed Securities (continued)
Angel Oak Mortgage Trust LLC, Class A1, Series 2017-3, 2.71%, 11/25/47^@^‡*	$	328,088	$	327,406
Asset Backed Funding Certificates Trust, Class A6, Series 2005-AQ1, 4.74%, 01/25/35		55,948		57,536
Banc of America Funding Trust, Class 5A1, Series 2004-A, 5.00%, 07/20/34^@*		154,399		155,177
Banc of America Funding Trust, Class 1A1, Series 2005-1, 5.50%, 02/25/35		140,601		140,675
Bayview Financial Acquisition Trust, Class 1A2, Series 2007-A, 6.21%, 05/28/37		111,990		113,574
Bayview Koitere Fund Trust, Class A, Series 2017-RT4, 3.50%, 07/28/57^@^‡*		180,687		181,962
Bayview Opportunity Master Fund IVb Trust, Class A, Series 2017-SPL4, 3.50%, 01/28/55^@^‡*		364,809		366,771
Bear Stearns ALT-A Trust, Class 3A1, Series 2004-5, 4.57%, 06/25/34^@*		236,067		240,529
Bear Stearns ARM Trust, Class 21A1, Series 2004-1, 4.47%, 04/25/34^@*		252,840		255,038
Bear Stearns ARM Trust, Class 22A1, Series 2004-9, 4.71%, 11/25/34^@*		404,456		411,829
Bear Stearns ARM Trust, Class 21A1, Series 2004-10, 4.55%, 01/25/35^@*		516,977		523,547
Bunker Hill Loan Depositary Trust, Class A1, Series 2019-1, 3.61%, 10/26/48^‡		160,000		161,628
Centex Home Equity Loan Trust, Class AF5, Series 2004-D, 5.85%, 09/25/34		184,665		186,977
Citigroup Mortgage Loan Trust, Inc., Class A, Series 2014-A, 4.00%, 01/25/35^@^‡*		349,214		360,342
Citigroup Mortgage Loan Trust, Inc., Class A, Series 2013-A, 3.00%, 05/25/42^@^‡*		750,976		743,958
Citigroup Mortgage Loan Trust, Inc., Class A1, Series 2015-PS1, 3.75%, 09/25/42^@^‡*		192,838		196,000
Citigroup Mortgage Loan Trust, Inc., Class A1, Series 2015-A, 3.50%, 06/25/58^@^‡*		368,231		370,331
Citigroup Mortgage Loan Trust, Inc., Class A1, Series 2018-RP3, 3.25%, 03/25/61^@^‡*		346,392		348,904

Investments	Principal		Value
MORTGAGE BACKED SECURITIES (continued)

Residential Mortgage Backed Securities (continued)
Citigroup Mortgage Loan Trust, Inc., Class A1, Series 2018-RP1, 3.00%, 09/25/64^@‡*	$	180,492	$	179,132
Colony Starwood Homes Trust, Class C, Series 2016-2A, 4.63%, (1-Month USD LIBOR + 2.15%), 12/17/33^@^‡		414,900		415,669
COLT Mortgage Loan Trust, Class A1, Series 2018-2, 3.47%, 07/27/48^@^‡*		216,918		217,691
COLT Mortgage Loan Trust, Class A1, Series 2019-1, 3.71%, 03/25/49^@^‡*		306,203		308,036
Corevest American Finance Trust, Class A, Series 2018-1, 3.80%, 06/15/51^‡		294,332		299,109
Countrywide Asset-Backed Certificates, Class A3, Series 2004-S1, 5.12%, 02/25/35		191,766		192,844
Credit Suisse Commercial Mortgage Trust, Class A16, Series 2013-HYB1, 3.00%, 04/25/43^@^‡*		344,464		344,528
Credit Suisse Commercial Mortgage Trust, Class A2, Series 2014-IVR2, 3.76%, 04/25/44^@^‡*		443,740		443,619
Credit Suisse First Boston Mortgage Securities Corp., Class 6A1, Series 2004-AR8, 4.37%, 09/25/34^@*		54,124		54,773
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates, Class 6A1, Series 2004-8, 4.50%, 12/25/19		27,000		26,942
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates, Class 5A1, Series 2003-AR30, 4.45%, 01/25/34^@*		131,171		135,140
Deephaven Residential Mortgage Trust, Class A1, Series 2017-2A, 2.45%, 06/25/47^@^‡*		104,471		103,535
Deephaven Residential Mortgage Trust, Class A3, Series 2017-3A, 2.81%, 10/25/47^@^‡*		112,478		112,200
Deephaven Residential Mortgage Trust, Class A1, Series 2019-1A, 3.74%, 01/25/59^@^‡*		309,245		310,437
Ellington Financial Mortgage Trust, Class A1FX, Series 2018-1, 4.14%, 10/25/58^@^‡*		760,354		767,497
Galton Funding Mortgage Trust, Class A21, Series 2017-1, 3.50%, 07/25/56^@^‡*		561,054		562,297

Investments	Principal		Value
MORTGAGE BACKED SECURITIES (continued)

Residential Mortgage Backed Securities (continued)
Galton Funding Mortgage Trust, Class A41, Series 2018-2, 4.50%, 10/25/58^@^‡*	$	163,454	$	167,402
GMACM Mortgage Loan Trust, Class 12A, Series 2004-AR1, 4.62%, 06/25/34^@*		164,849		168,781
GSAA Trust, Class AF4, Series 2005-1, 5.62%, 11/25/34		40,634		40,865
GSR Mortgage Loan Trust, Class 1A6, Series 2003-3F, 6.00%, 04/25/33		204,737		213,582
GSR Mortgage Loan Trust, Class 3A1, Series 2004-7, 3.84%, 06/25/34^@*		191,431		189,930
Homeward Opportunities Fund I Trust, Class A1, Series 2018-1, 3.77%, 06/25/48^@^‡*		360,666		365,033
Homeward Opportunities Fund I Trust, Class A1, Series 2019-1, 3.45%, 01/25/59^@^‡*		355,000		354,995
JPMorgan Mortgage Trust, Class AM, Series 2014-2, 3.39%, 06/25/29^@^‡*		507,816		511,090
JPMorgan Mortgage Trust, Class 2A2, Series 2014-2, 3.50%, 06/25/29^@^‡*		286,774		290,788
JPMorgan Mortgage Trust, Class 4A1, Series 2006-A2, 4.48%, 08/25/34^@*		129,164		133,274
JPMorgan Mortgage Trust, Class 4A1, Series 2005-A2, 4.59%, 04/25/35^@*		360,362		365,264
JPMorgan Mortgage Trust, Class AM1, Series 2015-1, 3.62%, 12/25/44^@^‡*		262,981		262,719
JPMorgan Mortgage Trust, Class A2, Series 2015-5, 3.27%, 05/25/45^@^‡*		478,351		478,135
JPMorgan Mortgage Trust, Class 2A2, Series 2017-3, 2.50%, 08/25/47^@^‡*		661,060		649,685
JPMorgan Mortgage Trust, Class A1, Series 2017-5, 3.18%, 10/26/48^@^‡*		402,520		403,281
JPMorgan Mortgage Trust, Class A3, Series 2017-4, 3.50%, 11/25/48^@^‡*		200,264		199,629
LHOME Mortgage Trust, Class A1, Series 2019-RTL1, 4.58%, 10/25/23^‡		315,000		318,207
MASTR Alternative Loan Trust, Class 6A1, Series 2004-4, 5.50%, 04/25/34		210,614		220,237

Investments	Principal		Value
MORTGAGE BACKED SECURITIES (continued)

Residential Mortgage Backed Securities (continued)
MASTR Alternative Loan Trust, Class 2A1, Series 2005-2, 6.00%, 01/25/35	$	149,635	$	156,226
MASTR Specialized Loan Trust, Class A2, Series 2005-3, 5.70%, 11/25/35^‡		140,339		142,663
Merrill Lynch Mortgage Investors Trust, Class A1, Series 2004-A4, 4.08%, 08/25/34^@*		446,101		447,573
Mill City Mortgage Loan Trust, Class A1, Series 2016-1, 2.50%, 04/25/57^@^‡*		423,697		420,930
Mill City Mortgage Loan Trust, Class A1, Series 2017-1, 2.75%, 11/25/58^@^‡*		347,522		344,905
National City Mortgage Capital Trust, Class 2A1, Series 2008-1, 6.00%, 03/25/38		121,242		124,772
New Residential Mortgage Loan Trust, Class A3, Series 2014-2A, 3.75%, 05/25/54^@^‡*		138,075		139,463
New Residential Mortgage Loan Trust, Class A1, Series 2016-3A, 3.75%, 09/25/56^@^‡*		555,881		562,910
New Residential Mortgage Loan Trust, Class A1, Series 2016-4A, 3.75%, 11/25/56^@^‡*		369,935		374,677
NovaStar Mortgage Funding Trust, Class M5, Series 2004-4, 4.21%, (1-Month USD LIBOR + 1.73%), 03/25/35^@		726,545		733,804
Oak Hill Advisors Residential Loan Trust, Class A1, Series 2017-NPL2, 3.00%, 07/25/57^‡		193,393		191,423
OBX Trust, Class A3, Series 2019-INV1, 4.50%, 11/25/48^@^‡*		305,014		313,036
Pretium Mortgage Credit Partners I LLC, Class A1, Series 2018-NPL3, 4.13%, 08/25/33^‡		208,139		209,860
Pretium Mortgage Credit Partners I LLC, Class A1, Series 2019-NPL1, 4.21%, 07/25/60^‡		251,246		252,718
Progress Residential Trust, Class B, Series 2017-SFR1, 3.02%, 08/17/34^‡		665,000		655,783
PRPM LLC, Class A1, Series 2019-1A, 4.50%, 01/25/24^‡		328,468		331,875
RASC Series Trust, Class AI6, Series 2004-KS2, 4.30%, 03/25/34^@*		12,200		12,230
Residential Mortgage Loan Trust, Class A1, Series 2019-1, 3.94%, 10/25/58^@^‡*		305,053		305,050

Investments	Principal		Value
MORTGAGE BACKED SECURITIES (continued)

Residential Mortgage Backed Securities (continued)
Starwood Waypoint Homes Trust, Class A, Series 2017-1, 3.43%, (1-Month USD LIBOR + 0.95%), 01/17/35^@^‡	$	495,472	$	495,376
Structured Adjustable Rate Mortgage Loan Trust, Class 6A, Series 2004-1, 4.71%, 02/25/34^@*		226,080		226,486
Structured Adjustable Rate Mortgage Loan Trust, Class 3A2, Series 2004-4, 4.55%, 04/25/34^@*		339,222		349,446
Structured Adjustable Rate Mortgage Loan Trust, Class 3A1, Series 2004-4, 4.55%, 04/25/34^@*		63,697		65,488
Structured Asset Securities Corp., Class 2A, Series 2003-37A, 4.45%, 12/25/33^@*		143,074		144,204
Structured Asset Securities Corp., Class A3A, Series 2004-4XS, 5.22%, 02/25/34		414,471		425,332
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Class 6A, Series 2003-34A, 4.77%, 11/25/33^@*		181,554		182,151
Towd Point Mortgage Trust, Class M1, Series 2015-6, 3.75%, 04/25/55^@^‡*		260,000		265,222
Towd Point Mortgage Trust, Class A2, Series 2015-5, 3.50%, 05/25/55^@^‡*		250,000		252,158
Towd Point Mortgage Trust, Class A1, Series 2016-3, 2.25%, 04/25/56^@^‡*		338,930		334,557
Towd Point Mortgage Trust, Class A1, Series 2016-4, 2.25%, 07/25/56^@^‡*		391,245		384,974
Towd Point Mortgage Trust, Class A1, Series 2017-1, 2.75%, 10/25/56^@^‡*		223,764		221,856
Tricon American Homes Trust, Class A, Series 2017-SFR1, 2.72%, 09/17/34^‡		265,000		261,491
Vericrest Opportunity Loan Trust, Class A1, Series 2019-NPL2, 3.97%, 02/25/49^‡		228,081		228,938
Verus Securitization Trust, Class A1, Series 2017-1A, 2.85%, 01/25/47^@^‡*		94,153		94,019
Verus Securitization Trust, Class A3, Series 2018-INV1, 4.05%, 03/25/58^@^‡*		83,356		84,311

Investments	Principal		Value
MORTGAGE BACKED SECURITIES (continued)

Residential Mortgage Backed Securities (continued)
Verus Securitization Trust, Class A1, Series 2018-2, 3.68%, 06/01/58^@^‡*	$	273,115	$	276,379
Verus Securitization Trust, Class A1, Series 2018-3, 4.11%, 10/25/58^@^‡*		203,034		207,025
VOLT LXXI LLC, Class A1A, Series 2018-NPL7, 3.97%, 09/25/48^‡		162,798		163,914
VOLT LXXV LLC, Class A1A, Series 2019-NPL1, 4.34%, 01/25/49^‡		308,177		311,254
WaMu Mortgage Pass-Through Certificates Trust, Class A1, Series 2003-AR6, 4.23%, 06/25/33^@*		117,832		119,756
Washington Mutual MSC Mortgage Pass-Through Certificates Trust, Class 2A1, Series 2003-AR4, 4.09%, 08/25/33^@*		73,073		72,929
Wells Fargo Mortgage Backed Securities Trust, Class A1, Series 2003-G, 4.46%, 06/25/33^@*		15,506		15,752
Wells Fargo Mortgage Backed Securities Trust, Class 2A1, Series 2003-J, 4.58%, 10/25/33^@*		90,190		91,590
Wells Fargo Mortgage Backed Securities Trust, Class 5A1, Series 2003-J, 4.62%, 10/25/33^@*		100,175		101,957
Wells Fargo Mortgage Backed Securities Trust, Class A1, Series 2004-A, 5.01%, 02/25/34^@*		172,712		179,955
Wells Fargo Mortgage Backed Securities Trust, Class 1A2, Series 2004-K, 4.48%, 07/25/34^@*		162,569		166,777
Wells Fargo Mortgage Backed Securities Trust, Class 2A12, Series 2004-K, 4.49%, 07/25/34^@*		55,851		57,848
Wells Fargo Mortgage Backed Securities Trust, Class A1, Series 2004-U, 4.74%, 10/25/34^@*		217,599		219,848
Wells Fargo Mortgage Backed Securities Trust, Class 2A1, Series 2004-Z, 4.98%, 12/25/34^@*		51,554		52,645
Wells Fargo Mortgage Backed Securities Trust, Class 2A1, Series 2005-AR10, 4.80%, 06/25/35^@*		312,166		323,119

Investments	Principal		Value
MORTGAGE BACKED SECURITIES (continued)

Residential Mortgage Backed Securities (continued)
Wells Fargo Mortgage Backed Securities Trust, Class 2A1, Series 2005-14, 5.50%, 12/25/35	$	54,887	$	56,812
Total Residential Mortgage Backed Securities				28,012,424
Total Mortgage Backed Securities
(Cost $31,515,660)				31,535,268

ASSET BACKED SECURITIES — 30.3%
ACC Trust, Class A, Series 2018-1, 3.70%, 12/21/20^‡		176,207		176,407
ACC Trust, Class A, Series 2019-1, 3.75%, 05/20/22^‡		304,398		305,840
American Credit Acceptance Receivables Trust, Class C, Series 2017-2, 2.86%, 06/12/23^‡		524,230		523,666
American Credit Acceptance Receivables Trust, Class C, Series 2018-3, 3.75%, 10/15/24^‡		415,000		417,084
American Credit Acceptance Receivables Trust, Class C, Series 2018-4, 3.97%, 01/13/25^‡		380,000		385,279
AmeriCredit Automobile Receivables Trust, Class B, Series 2016-1, 2.30%, 03/08/21		410,477		410,183
AmeriCredit Automobile Receivables Trust, Class B, Series 2016-2, 2.21%, 05/10/21		235,810		235,547
AmeriCredit Automobile Receivables Trust, Class C, Series 2015-4, 2.88%, 07/08/21		715,000		715,321
AmeriCredit Automobile Receivables Trust, Class D, Series 2018-1, 3.82%, 03/18/24		285,000		290,266
Aqua Finance Trust, Class A, Series 2017-A, 3.72%, 11/15/35^‡		400,247		397,033
Ascentium Equipment Receivables Trust, Class B, Series 2017-1A, 2.85%, 10/10/21^‡		645,000		640,246
Avid Automobile Receivables Trust, Class A, Series 2018-1, 2.84%, 08/15/23^‡		267,125		265,981

Investments	Principal		Value
ASSET BACKED SECURITIES (continued)
Avis Budget Rental Car Funding AESOP LLC, Class A, Series 2017-1A, 3.07%, 09/20/23^‡	$	380,000	$	380,627
AXIS Equipment Finance Receivables VI LLC, Class A2, Series 2018-2A, 3.89%, 07/20/22^‡		370,000		373,654
BRE Grand Islander Timeshare Issuer LLC, Class A, Series 2017-1A, 2.94%, 05/25/29^‡		375,587		372,745
BXG Receivables Note Trust, Class A, Series 2013-A, 3.01%, 12/04/28^‡		84,615		83,621
BXG Receivables Note Trust, Class A, Series 2015-A, 2.88%, 05/02/30^‡		410,101		403,740
CarFinance Capital Auto Trust, Class B, Series 2015-1A, 2.91%, 06/15/21^‡		461,535		461,390
Carmax Auto Owner Trust, Class C, Series 2019-1, 3.74%, 01/15/25		335,000		339,953
Centre Point Funding LLC, Class 1, Series 2012-2A, 2.61%, 08/20/21^‡		284,108		281,380
Chrysler Capital Auto Receivables Trust, Class D, Series 2015-BA, 4.17%, 01/16/23^‡		635,000		638,014
Conn's Receivables Funding LLC, Class B, Series 2018-A, 4.65%, 01/15/23^‡		281,961		283,487
Consumer Loan Underlying Bond Credit Trust, Class A, Series 2018-P2, 3.47%, 10/15/25^‡		305,290		305,787
Cps Auto Receivables Trust, Class B, Series 2017-D, 2.43%, 01/18/22^‡		305,000		304,021
Cps Auto Trust, Class D, Series 2018-C, 4.40%, 06/17/24^‡		390,000		397,841
Dell Equipment Finance Trust, Class A3, Series 2017-2, 2.19%, 10/24/22^‡		615,000		612,884
Diamond Resorts Owner Trust, Class A, Series 2017-1A, 3.27%, 10/22/29^‡		323,154		324,584
DRB Prime Student Loan Trust, Class A3, Series 2015-D, 2.50%, 01/25/36^‡		67,688		67,412
Drive Auto Receivables Trust, Class C, Series 2015-DA, 3.38%, 11/15/21^‡		21,825		21,832
Drive Auto Receivables Trust, Class C, Series 2016-CA, 3.02%, 11/15/21^‡		347,690		347,846

Investments	Principal		Value
ASSET BACKED SECURITIES (continued)
Drive Auto Receivables Trust, Class C, Series 2017-2, 2.75%, 09/15/23	$	674,803	$	674,516
Drug Royalty II LP, Class A2, Series 2014-1, 3.48%, 07/15/23^‡		64,720		64,602
DT Auto Owner Trust, Class C, Series 2016-3A, 3.15%, 03/15/22^‡		38,610		38,619
DT Auto Owner Trust, Class C, Series 2018-3A, 3.79%, 07/15/24^‡		280,000		283,133
DT Auto Owner Trust, Class C, Series 2019-1A, 3.61%, 11/15/24^‡		210,000		211,728
Exeter Automobile Receivables Trust, Class B, Series 2017-1A, 3.00%, 12/15/21^‡		396,938		397,434
Exeter Automobile Receivables Trust, Class B, Series 2017-2A, 2.82%, 05/16/22^‡		785,000		784,311
Exeter Automobile Receivables Trust, Class B, Series 2017-3A, 2.81%, 09/15/22^‡		270,000		269,234
Exeter Automobile Receivables Trust, Class C, Series 2015-1A, 4.10%, 12/15/20^‡		135,555		135,784
Exeter Automobile Receivables Trust, Class C, Series 2018-1A, 3.03%, 01/17/23^‡		465,000		465,406
Exeter Automobile Receivables Trust, Class C, Series 2018-2A, 3.69%, 03/15/23^‡		445,000		448,600
Exeter Automobile Receivables Trust, Class C, Series 2019-1A, 3.82%, 12/16/24^‡		345,000		348,851
First Investors Auto Owner Trust, Class B, Series 2017-2A, 2.65%, 11/15/22^‡		650,000		647,059
First Investors Auto Owner Trust, Class C, Series 2016-2A, 2.53%, 07/15/22^‡		355,000		352,070
Flagship Credit Auto Trust, Class A, Series 2016-1, 2.77%, 12/15/20^‡		15,059		15,058
Flagship Credit Auto Trust, Class B, Series 2016-2, 3.84%, 09/15/22^‡		185,000		185,951
Flagship Credit Auto Trust, Class D, Series 2014-2, 5.21%, 02/15/21^‡		645,000		646,849
Foundation Finance Trust, Class A, Series 2017-1A, 3.30%, 07/15/33^‡		359,262		359,094

Investments	Principal		Value
ASSET BACKED SECURITIES (continued)
Foursight Capital Automobile Receivables Trust, Class A2, Series 2016-1, 2.87%, 10/15/21^‡	$	180,770	$	180,726
Foursight Capital Automobile Receivables Trust, Class B, Series 2017-1, 3.05%, 12/15/22^‡		650,000		648,527
Foursight Capital Automobile Receivables Trust, Class C, Series 2018-1, 3.68%, 08/15/23^‡		445,000		450,022
GLS Auto Receivables Trust, Class B, Series 2017-1A, 2.98%, 12/15/21^‡		770,000		769,175
GLS Auto Receivables Trust, Class C, Series 2018-3A, 4.18%, 07/15/24^‡		505,000		514,427
Gold Key Resorts LLC, Class A, Series 2014-A, 3.22%, 03/17/31^‡		134,136		133,612
Hertz Vehicle Financing II LP, Class A, Series 2016-4A, 2.65%, 07/25/22^‡		295,000		291,536
Hilton Grand Vacations Trust, Class A, Series 2013-A, 2.28%, 01/25/26^‡		210,419		209,892
Hilton Grand Vacations Trust, Class A, Series 2018-AA, 3.54%, 02/25/32^‡		379,874		385,365
Hyundai Auto Lease Securitization Trust, Class A2A, Series 2018-A, 2.55%, 08/17/20^‡		359,608		359,370
Lendmark Funding Trust, Class A, Series 2018-2A, 4.23%, 04/20/27^‡		390,000		400,106
Marriott Vacation Club Owner Trust, Class A, Series 2012-1A, 2.51%, 05/20/30^‡		240,940		239,940
MVW Owner Trust, Class A, Series 2016-1A, 2.25%, 12/20/33^‡		279,510		274,738
MVW Owner Trust, Class B, Series 2015-1A, 2.96%, 12/20/32^‡		167,936		165,564
OneMain Financial Issuance Trust, Class A, Series 2018-1A, 3.30%, 03/14/29^‡		285,000		286,500
OneMain Financial Issuance Trust, Class A, Series 2015-1A, 3.19%, 03/18/26^‡		7,605		7,616
Oportun Funding IX LLC, Class A, Series 2018-B, 3.91%, 07/08/24^‡		390,000		393,154
Orange Lake Timeshare Trust, Class A, Series 2015-AA, 2.88%, 09/08/27^‡		177,895		176,143

Investments	Principal		Value
ASSET BACKED SECURITIES (continued)
Prosper Marketplace Issuance Trust, Class A, Series 2018-1A, 3.11%, 06/17/24^‡	$	122,653	$	122,701
Prosper Marketplace Issuance Trust, Class B, Series 2018-2A, 3.96%, 10/15/24^‡		325,000		327,265
Santander Drive Auto Receivables Trust, Class C, Series 2017-1, 2.58%, 05/16/22		650,000		648,320
Skopos Auto Receivables Trust, Class A, Series 2018-1A, 3.19%, 09/15/21^‡		182,646		182,664
SLM Private Education Loan Trust, Class A2A, Series 2013-B, 1.85%, 06/17/30^‡		120,283		119,932
SLM Private Education Loan Trust, Class A2A, Series 2013-C, 2.94%, 10/15/31^‡		42,864		42,860
Sofi Consumer Loan Program LLC, Class A, Series 2016-3, 3.05%, 12/26/25^‡		305,890		306,039
Sofi Consumer Loan Program LLC, Class A, Series 2017-1, 3.28%, 01/26/26^‡		312,169		313,318
Sofi Consumer Loan Program Trust, Class A1, Series 2018-3, 3.20%, 08/25/27^‡		390,628		390,959
Sofi Professional Loan Program LLC, Class A2A, Series 2017-C, 1.75%, 07/25/40^‡		187,432		186,317
Sofi Professional Loan Program LLC, Class A1FX, Series 2017-B, 1.83%, 05/25/40^‡		97,872		97,609
Springleaf Funding Trust, Class A, Series 2016-AA, 2.90%, 11/15/29^‡		607,985		607,188
Tesla Auto Lease Trust, Class A, Series 2018-A, 2.32%, 12/20/19^‡		199,683		199,427
Tesla Auto Lease Trust, Class B, Series 2018-B, 4.12%, 10/20/21^‡		310,000		313,263
Tidewater Auto Receivables Trust, Class B, Series 2018-AA, 3.45%, 11/15/24^‡		525,000		528,058
Tricolor Auto Securitization Trust, Class B, Series 2018-2A, 4.76%, 02/15/22^‡		308,465		318,803
TRIP Rail Master Funding LLC, Class A1, Series 2017-1A, 2.71%, 08/15/47^‡		464,239		461,327
Upstart Securitization Trust, Class A, Series 2019-1, 3.45%, 04/20/26^‡		210,000		210,354

Investments	Principal		Value
ASSET BACKED SECURITIES (continued)
Upstart Securitization Trust, Class B, Series 2017-2, 3.75%, 03/20/25^‡	$	370,000	$	370,158
Welk Resorts LLC, Class A, Series 2015-AA, 2.79%, 06/16/31^‡		208,780		206,849
Wendys Funding LLC, Class A2II, Series 2015-1A, 4.08%, 06/15/45^‡		516,275		522,813
Westgate Resorts LLC, Class A, Series 2016-1A, 3.50%, 12/20/28^‡		189,974		190,032
Westgate Resorts LLC, Class A, Series 2018-1A, 3.38%, 12/20/31^‡		410,591		411,514
Westlake Automobile Receivables Trust, Class C, Series 2016-2A, 2.83%, 05/17/21^‡		179,128		179,115
Westlake Automobile Receivables Trust, Class C, Series 2018-3A, 3.61%, 10/16/23^‡		380,000		383,529
Total Asset Backed Securities
(Cost $30,539,940)				30,618,797

CORPORATE BONDS — 21.2%

Communication Services — 1.8%
AT&T, Inc., 3.78%, (3-Month USD LIBOR + 1.18%), 06/12/24^@		445,000		441,661
Charter Communications Operating LLC / Charter Communications Operating Capital, 4.50%, 02/01/24		150,000		156,103
Comcast Corp., 3.03%, (3-Month USD LIBOR + 0.44%), 10/01/21^@		55,000		55,079
Comcast Corp., 3.42%, (3-Month USD LIBOR + 0.63%), 04/15/24^@(a)		11,000		11,016
Crown Castle International Corp., 4.88%, 04/15/22		230,000		242,532
Motorola Solutions, Inc., 3.75%, 05/15/22		26,173		26,637
Motorola Solutions, Inc., 3.50%, 03/01/23		165,000		165,912
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC, 4.74%, 03/20/25^‡		445,000		451,119
Verizon Communications, Inc., 3.78%, (3-Month USD LIBOR + 1.10%), 05/15/25^@		267,000		267,253
Total Communication Services				1,817,312

Consumer Discretionary — 2.0%
Aptiv Corp., 4.15%, 03/15/24		330,000		340,378

Investments	Principal		Value
CORPORATE BONDS (continued)

Consumer Discretionary (continued)
Bunge Ltd. Finance Corp., 4.35%, 03/15/24	$	490,000	$	496,495
DR Horton, Inc., 4.75%, 02/15/23^(a)		265,000		275,551
Ford Motor Credit Co. LLC, 3.20%, 01/15/21		360,000		354,971
Panther BF Aggregator 2 LP / Panther Finance Co., Inc., 6.25%, 05/15/26^‡		10,000		10,225
Prime Security Services Borrower LLC / Prime Finance, Inc., 5.25%, 04/15/24^‡		60,000		60,150
TRI Pointe Group, Inc. / TRI Pointe Homes, Inc., 5.88%, 06/15/24		495,000		499,331
Total Consumer Discretionary				2,037,101

Consumer Staples — 1.3%
Altria Group, Inc., 3.49%, 02/14/22		18,000		18,291
Altria Group, Inc., 3.80%, 02/14/24		313,000		318,748
Altria Group, Inc., 4.40%, 02/14/26		30,000		30,864
Campbell Soup Co., 3.65%, 03/15/23		290,000		294,232
Conagra Brands, Inc., 4.30%, 05/01/24		330,000		342,623
CVS Health Corp., 3.32%, (3-Month USD LIBOR + 0.72%), 03/09/21^@		80,000		80,211
CVS Health Corp., 3.70%, 03/09/23		247,000		251,111
Total Consumer Staples				1,336,080

Energy — 0.6%
Kinder Morgan, Inc., 3.15%, 01/15/23		220,000		220,550
Kinder Morgan, Inc., 5.63%, 11/15/23^‡		355,000		387,896
Total Energy				608,446

Financials — 10.5%
Ares Capital Corp., 3.50%, 02/10/23		545,000		530,298
Aviation Capital Group LLC, 3.88%, 05/01/23^‡		306,000		307,114
Bank of America Corp., 3.78%, (3-Month USD LIBOR + 1.00%), 04/24/23^@		345,000		347,861
Bank of America Corp., 3.50%, (3-Month USD LIBOR + 0.77%), 02/05/26^@		153,000		149,617

Investments	Principal		Value
CORPORATE BONDS (continued)

Financials (continued)
Bank of New York Mellon Corp. (The), Series E, 4.95%, (3-Month USD LIBOR + 3.42%)^#@	$	360,000	$	363,674
Citigroup, Inc., 3.73%, (3-Month USD LIBOR + 0.96%), 04/25/22^@		430,000		433,402
Citigroup, Inc., 3.84%, (3-Month USD LIBOR + 1.25%), 07/01/26^@		550,000		551,079
Fs KKR Capital Corp., 4.25%, 01/15/20		202,000		202,311
Goldman Sachs Group, Inc. (The), 2.35%, 11/15/21		105,000		103,427
Goldman Sachs Group, Inc. (The), 3.00%, 04/26/22		330,000		329,433
Goldman Sachs Group, Inc. (The), 4.23%, (3-Month USD LIBOR + 1.60%), 11/29/23^@		170,000		173,932
Goldman Sachs Group, Inc. (The), 3.85%, (3-Month USD LIBOR + 1.17%), 05/15/26^@		595,000		584,234
Goldman Sachs Group, Inc. (The), 4.51%, (3-Month USD LIBOR + 1.75%), 10/28/27^@(a)		415,000		419,406
iStar, Inc., 6.00%, 04/01/22		235,000		236,469
JPMorgan Chase & Co., Series Z, 5.30%, (3-Month USD LIBOR + 3.80%)^#@		805,000		813,617
JPMorgan Chase & Co., 3.67%, (3-Month USD LIBOR + 0.90%), 04/25/23^@		255,000		256,345
Lincoln National Corp., 4.80%, (3-Month USD LIBOR + 2.04%), 04/20/67^@		60,000		49,288
Morgan Stanley, 4.18%, (3-Month USD LIBOR + 1.40%), 10/24/23^@		1,270,000		1,290,281
Navient Corp., 5.88%, 10/25/24		270,000		262,575
Santander Holdings USA, Inc., 4.45%, 12/03/21		321,000		330,880
Santander Holdings USA, Inc., 3.70%, 03/28/22		473,000		478,833
SBA Tower Trust, 2.88%, 07/09/21^‡		780,000		773,829
SBA Tower Trust, 3.17%, 04/11/22^‡		780,000		779,542
Synchrony Financial, 4.38%, 03/19/24		315,000		319,410
Wells Fargo Bank NA, 3.55%, 08/14/23		445,000		456,838
Total Financials				10,543,695

Investments	Principal		Value
CORPORATE BONDS (continued)

Health Care — 1.7%
Bausch Health Cos., Inc., 5.75%, 08/15/27^‡	$	35,000	$	35,973
Becton Dickinson and Co., 3.48%, (3-Month USD LIBOR + 0.88%), 12/29/20^@		85,000		85,009
Becton Dickinson and Co., 2.89%, 06/06/22		397,000		395,326
Cardinal Health, Inc., 2.62%, 06/15/22		410,000		404,698
Cigna Corp., 3.26%, (3-Month USD LIBOR + 0.65%), 09/17/21^@^‡		350,000		349,906
Cigna Corp., 3.68%, (3-Month USD LIBOR + 0.89%), 07/15/23^@^‡		144,000		143,382
Mylan NV, 3.95%, 06/15/26		275,000		262,617
Total Health Care				1,676,911

Industrials — 1.4%
Cnh Industrial Capital LLC, 4.20%, 01/15/24		280,000		287,617
Continental Airlines Class C-2 Pass-Through Trust, Series AMBC, 6.24%, 03/15/20		15,229		15,343
General Electric Co., Series D, 5.00%, (3-Month USD LIBOR + 3.33%)^#@		235,000		219,837
Penske Truck Leasing Co. LP/PTL Finance Corp., 4.13%, 08/01/23^‡		250,000		257,443
TransDigm, Inc., 6.50%, 07/15/24		270,000		278,437
UAL Pass-Through Trust, Series 071A, 6.64%, 07/02/22		317,796		335,004
Total Industrials				1,393,681

Information Technology — 0.6%
Broadcom, Inc., 3.63%, 10/15/24^‡		213,000		211,334
Dell International LLC / EMC Corp., 4.00%, 07/15/24^‡		380,000		382,721
Total Information Technology				594,055

Materials — 0.5%
DowDuPont, Inc., 3.39%, (3-Month USD LIBOR + 0.71%), 11/15/20^@(a)		90,000		90,655
DowDuPont, Inc., 3.77%, 11/15/20		52,000		52,969
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu, 6.29%, (3-Month USD LIBOR + 3.50%), 07/15/21^@^‡		380,000		382,375
Total Materials				525,999

Investments	Principal		Value
CORPORATE BONDS (continued)

Real Estate — 0.3%
Hospitality Properties Trust, 4.65%, 03/15/24	$	330,000	$	335,688

Utilities — 0.5%
American Electric Power Co., Inc., Series I, 3.65%, 12/01/21		161,000		164,311
PSEG Power LLC, 3.85%, 06/01/23		330,000		338,589
Total Utilities				502,900

Total Corporate Bonds
(Cost $21,312,189)				21,371,868
FOREIGN BONDS — 5.3%

Consumer Staples — 0.6%
Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.15%, 01/23/25		368,000		383,694
BAT Capital Corp. (United Kingdom), 2.76%, 08/15/22		255,000		250,924
Total Consumer Staples				634,618

Energy — 0.2%
Petrobras Global Finance BV (Brazil), 5.30%, 01/27/25		210,000		213,572

Financials — 1.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 4.50%, 05/15/21		250,000		255,499
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 3.95%, 02/01/22		150,000		152,003
Guanay Finance Ltd. (Chile), 6.00%, 12/15/20^‡		376,849		382,973
Mizuho Financial Group, Inc. (Japan), 2.27%, 09/13/21		400,000		393,341
Total Financials				1,183,816

Health Care — 0.6%
Bayer US Finance II LLC (Germany), 3.23%, (3-Month USD LIBOR + 0.63%), 06/25/21^@^‡		310,000		307,435
Takeda Pharmaceutical Co. Ltd. (Japan), 4.00%, 11/26/21^‡		295,000		302,632
Total Health Care				610,067

Industrials — 0.5%
Doric Nimrod Air Finance Alpha Ltd. Class A Pass-Through Trust, Series 2012-1A (Guernsey), 5.13%, 11/30/22^‡		502,737		510,147

Investments	Principal		Value
FOREIGN BONDS (continued)

Materials — 1.7%
ArcelorMittal (Luxembourg), 6.13%, 06/01/25	$	365,000	$	404,243
Glencore Funding LLC (Switzerland), 4.13%, 05/30/23^‡		410,000		417,844
James Hardie International Finance Dac (Ireland), 4.75%, 01/15/25^‡		345,000		341,550
NOVA Chemicals Corp. (Canada), 4.88%, 06/01/24^‡		60,000		59,175
NOVA Chemicals Corp. (Canada), 5.00%, 05/01/25^‡		450,000		442,687
Total Materials				1,665,499

Sovereign Government — 0.5%
Argentine Republic Government International Bond (Argentina), 6.88%, 04/22/21		235,000		215,143
Egypt Government International Bond (Egypt), 5.88%, 06/11/25^‡(a)		285,000		283,401
Total Sovereign Government				498,544

Total Foreign Bonds
(Cost $5,318,741)				5,316,263
TERM LOANS — 5.3%

Aerospace — 0.2%
TransDigm, Inc., 5.00%, (1-Month USD LIBOR + 2.50%), 08/22/24^@		167,036		163,110

Chemicals — 0.2%
Ineos US Finance LLC, 4.50%, (1-Month USD LIBOR + 2.00%), 04/01/24^@		245,728		241,748

Energy — 0.3%
Medallion Midland Acquisition, LLC, 5.75%, (1-Month USD LIBOR + 3.25%), 10/30/24^@		346,072		338,285

Financials — 0.3%
Delos Finance S.a.r.l., 4.35%, (3-Month USD LIBOR + 1.75%), 10/06/23^@		289,000		288,964

Food and Drug — 0.2%
Albertson’s LLC, 5.50%, (1-Month USD LIBOR + 3.00%), 11/17/25^@		201,344		199,099

Food/Tobacco — 0.4%
Aramark Servies, Inc., 4.25%, (1-Month USD LIBOR + 1.75%), 03/28/24^@		275,167		273,491

Investments	Principal		Value
TERM LOANS (continued)
Hostess Brands, LLC, 4.75%, (3-Month USD LIBOR + 2.25%), 08/03/22^@	$	157,235	$	153,266
Total Food/Tobacco				426,757

Gaming/Leisure — 0.8%
Eldorado Resorts, Inc., 4.88%, (2-Month USD LIBOR + 2.25%), 04/17/24^@		319,085		316,792
Scientific Games International, Inc., 5.25%, (2-Month USD LIBOR + 2.75%), 08/14/24^@		4,950		4,829
Seminole Tribe of Florida, 4.25%, (1-Month USD LIBOR + 1.75%), 07/08/24^@		274,907		274,621
StationCasinos LLC, 5.00%, (1-Month USD LIBOR + 2.50%), 06/08/23^@		263,024		260,823
Total Gaming/Leisure				857,065

Health Care — 0.3%
Valeant Pharmaceuticals International, Inc., 5.48%, (1-Month USD LIBOR + 3.00%), 06/02/25^@		305,422		303,814

Manufacturing — 0.1%
CommScope Holding Co., Inc., 02/06/26^@(b)		65,000		65,054

Media/Telecom – Cable/Wireless Video — 0.7%
Charter Communications Operating, LLC (aka CCO Safari LLC), 4.50%, (1-Month USD LIBOR + 2.00%), 04/30/25^@		149,458		148,646
CSC Holdings, LLC (fka CSC Holdings, Inc. (Cablevision)), 4.73%, (1-Month USD LIBOR + 2.25%), 07/17/25^@		262,083		255,063
Virgin Media Bristol LLC, 4.98%, (1-Month USD LIBOR + 2.50%), 01/15/26^@		320,000		316,971
Total Media/Telecom – Cable/Wireless Video				720,680

Media/Telecom – Diversified Media — 0.3%
McGraw-Hill Global Education Holdings LLC, 6.50%, (1-Month USD LIBOR + 4.00%), 05/04/22^@		176,898		163,251
Meredith Corp., 5.25%, (1-Month USD LIBOR + 2.75%), 01/31/25^@		100,715		100,618
Total Media/Telecom – Diversified Media				263,869

Investments	Shares/ Principal		Value
TERM LOANS (continued)

Media/Telecom – Telecommunications — 0.5%
CenturyLink, Inc., 5.25%, (1-Month USD LIBOR + 2.75%), 01/31/25^@		256,129		251,648
Frontier Communications Corp., 6.25%, (1-Month USD LIBOR + 3.75%), 06/15/24^@		296,231		289,936
Total Media/Telecom – Telecommunications				541,584

Media/Telecom – Wireless Communications — 0.2%
Sprint Communications, Inc., 5.50%, (1-Month USD LIBOR + 3.00%), 02/02/24^@		179,550		177,081

Transportation – Automotive — 0.2%
Panther BF Aggregator 2 LP, 03/18/26^@(b)		170,000		168,298

Utilities — 0.6%
Calpine Corp., 5.11%, (3-Month USD LIBOR + 2.50%), 01/15/24^@		282,551		280,225
Vistra Operations Co. LLC, 4.48%, (1-Month USD LIBOR + 2.00%), 12/31/25^@		317,600		313,392
Total Utilities				593,617

Total Term Loans
(Cost $5,405,853)				5,349,025

U.S. TREASURY BILLS — 3.7%
U.S. Treasury Bill, 2.38%, 06/27/19 ^(c)		1,250,000		1,242,923
U.S. Treasury Bill, 2.42%, 09/26/19 ^(c)		1,250,000		1,235,383
U.S. Treasury Bill, 2.40%, 03/26/20 ^(c)		1,250,000		1,221,079

Total U.S. Treasury Bills
(Cost $3,699,501)				3,699,385

U.S. TREASURY NOTE — 1.5%
U.S. Treasury Note, 2.25%, 03/31/21
(Cost $1,499,531)		1,500,000		1,499,414
MONEY MARKET FUND — 5.6%
JPMorgan U.S. Government Money Market Fund – Institutional Class, 2.30%^(d) (Cost $5,634,870)		5,634,870		5,634,870

Investments	Principal		Value
REPURCHASE AGREEMENTS — 0.8%^(e)
Citibank NA, dated 03/29/19, due 04/01/19, 2.65%, total to be received $250,055, (collateralized by various U.S. Government Agency Obligations, 2.96%-4.50%, 01/01/28-07/01/48, totaling $254,734)	$	250,000	$	250,000
Daiwa Capital Markets America, dated 03/29/19, due 04/01/19, 2.65%, total to be received $250,055, (collateralized by various U.S. Government Agency Obligations, 0.00%-6.50%, 04/11/19-03/20/49, totaling $254,262)		250,000		250,000
Mizuho Securities USA, Inc., dated 03/29/19, due 04/01/19, 2.57%, total to be received $42,725, (collateralized by various U.S. Government Agency Obligations, 0.88%-2.88%, 12/31/20-05/15/43, totaling $43,461)		42,716		42,716
RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $250,055, (collateralized by various U.S. Government Agency Obligations, 0.00%-7.00%, 04/11/19-09/09/49, totaling $254,244)	$	250,000		250,000

Total Repurchase Agreements
(Cost $792,716)				792,716
Total Investments — 104.9%
(Cost $105,719,001)				105,817,606

Investments	Principal	Value
REPURCHASE AGREEMENTS (continued)
Liabilities in Excess of Other Assets — (4.9%)		$	(4,902,360	)
Net Assets — 100.0%		$	100,915,246

LIBOR — London Interbank Offered Rate

LP — Limited Partnership

PLC — Public Limited Company

Perpetual security with no stated maturity date.

Variable rate instrument. The interest rate shown reflects the rate in effect at March 31, 2019.

Adjustable rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions.

‡

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.

(a)

All or a portion of security is on loan. The aggregate market value of the securities on loan is $766,947; the aggregate market value of the collateral held by the fund is $792,716.

(b)

This loan will settle after March 31, 2019 at which time the interest rate will be determined.

(c)

Represents a zero coupon bond. Rate shown reflects the effective yield.

(d)

Rate shown reflects the 7-day yield as of March 31, 2019.

(e)

Collateral received from brokers for securities lending was invested in these short-term investments.

For information on the Fund’s policies regarding the valuation of investments and other significant policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Aerospace	0.2		%
Asset Backed Securities		30.3
Chemicals		0.2
Commercial Mortgage Backed Securities		3.5
Communication Services		1.8
Consumer Discretionary		2.0
Consumer Staples		1.9
Energy		1.1
Financials		12.0
Food and Drug		0.2
Food/Tobacco		0.4
Gaming/Leisure		0.8
Health Care		2.6
Industrials		1.9
Information Technology		0.6
Manufacturing		0.1
Materials		2.2
Media/Telecom – Cable/Wireless Video		0.7
Media/Telecom – Diversified Media		0.3
Media/Telecom – Telecommunications		0.5
Media/Telecom – Wireless Communications		0.2
Real Estate		0.3

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)

	% of
	Net Assets
Residential Mortgage Backed Securities		27.7	%
Sovereign Government		0.5
Transportation – Automotive		0.2
U.S. Treasury Bills		3.7
U.S. Treasury Notes		1.5
Utilities		1.1
Money Market		5.6
Repurchase Agreements		0.8
Total Investments		104.9
Liabilities in Excess of Other Assets		(4.9	)
Net Assets		100.0	%

Investments	Principal		Value
TERM LOANS — 83.0%

Aerospace / Defense — 2.2%
Accudyne Industries Borrower SCA, 5.50%, (1-Month USD LIBOR + 3.00%), 08/19/24 (Luxembourg)^@	$	222,083	$	222,103
TransDigm, Inc., 5.00%, (1-Month USD LIBOR + 2.50%), 06/09/23^@		428,091		418,994
Total Aerospace / Defense				641,097

Auto Manufacturers — 0.9%
Navistar, Inc., 6.00%, (1-Month USD LIBOR + 3.50%), 11/06/24^@		247,500		247,191

Building Materials — 1.7%
Quikrete Holdings, Inc., 5.25%, (1-Month USD LIBOR + 2.75%), 11/15/23^@		491,593		480,883

Chemicals — 2.5%
Solenis International LP, 6.63%, (3-Month USD LIBOR + 4.00%), 06/26/25^@		248,125		244,816
Starfruit US Holdco LLC, 5.74%, (1-Month USD LIBOR + 3.25%), 10/01/25 (Netherlands)^@		500,000		494,065
Total Chemicals				738,881

Coal — 0.8%
Arch Coal, Inc., 5.25%, (1-Month USD LIBOR + 2.75%), 03/07/24^@		245,614		245,000

Commercial Services — 3.3%
Allied Universal Holdco LLC, 6.25%, (1-Month USD LIBOR + 3.75%), 07/28/22^@		245,570		238,080
Allied Universal Holdco LLC, 6.75%, (1-Month USD LIBOR + 4.25%), 07/28/22^@		249,375		244,076
Camelot Finance LP, 5.75%, (1-Month USD LIBOR + 3.25%), 10/03/23^@		235,731		234,822
Garda World Security Corp., 6.12%, (3-Month USD LIBOR + 3.50%), 05/24/24 (Canada)^@		245,614		242,973
Garda World Security Corp., 8.00%, (Prime + 2.50%), 05/24/24 (Canada)^@		627		620
Total Commercial Services				960,571

Computers — 1.9%
McAfee LLC, 6.25%, (1-Month USD LIBOR + 3.75%), 09/30/24^@		243,504		243,658

Investments	Principal		Value
TERM LOANS (continued)

Computers (continued)
Western Digital Corp., 4.25%, (1-Month USD LIBOR + 1.75%), 05/01/23^@	$	324,087	$	316,119
Total Computers				559,777

Distribution / Wholesale — 2.9%
Spin Holdco, Inc., 6.03%, (3-Month USD LIBOR + 3.25%), 11/14/22^@		480,799		469,019
Univar USA, Inc., 4.75%, (1-Month USD LIBOR + 2.25%), 07/01/24^@		375,082		371,487
Total Distribution / Wholesale				840,506

Electric — 2.5%
Talen Energy Supply LLC, 6.50%, (1-Month USD LIBOR + 4.00%), 04/15/24^@		245,711		243,946
Vistra Operations Co. LLC, 4.75%, (1-Month USD LIBOR + 2.25%), 12/14/23^@		488,750		486,172
Total Electric				730,118

Engineering & Construction — 1.6%
Brand Industrial Services, Inc., 6.85%, (3-Month USD LIBOR + 4.25%), 06/21/24^@		3,797		3,648
Brand Industrial Services, Inc., 6.90%, (2-Month USD LIBOR + 4.25%), 06/21/24^@		231,993		222,842
Brand Industrial Services, Inc., 7.01%, (3-Month USD LIBOR + 4.25%), 06/21/24^@		261,678		251,356
Total Engineering & Construction				477,846

Entertainment — 4.5%
Cineworld Finance US, Inc., 5.00%, (1-Month USD LIBOR + 2.50%), 02/28/25^@		354,333		346,752
Formula One Management Ltd., 5.00%, (1-Month USD LIBOR + 2.50%), 02/01/24 (United Kingdom)^@		500,000		483,000
Scientific Games International, Inc., 5.25%, (1-Month USD LIBOR + 2.75%), 08/14/24^@		96,300		93,952
Scientific Games International, Inc., 5.33%, (2-Month USD LIBOR + 2.75%), 08/14/24^@		401,188		391,409
Total Entertainment				1,315,113

Food — 2.8%
Albertson's LLC, 5.48%, (1-Month USD LIBOR + 3.00%), 06/22/23^@		342,125		339,646

Investments	Principal		Value
TERM LOANS (continued)

Food (continued)
U.S. Foods, Inc., 4.50%, (1-Month USD LIBOR + 2.00%), 06/27/23^@	$	480,079	$	473,860
Total Food				813,506

Hand / Machine Tools — 1.6%
Apex Tool Group LLC, 6.25%, (1-Month USD LIBOR + 3.75%), 02/01/22^@		463,208		451,435

Healthcare – Products — 0.8%
Avantor, Inc., 6.25%, (1-Month USD LIBOR + 3.75%), 11/21/24^@		234,755		235,415

Healthcare – Services — 4.2%
Air Medical Group Holdings, Inc., 5.74%, (1-Month USD LIBOR + 3.25%), 04/28/22^@		245,615		231,903
HCA, Inc., 4.50%, (1-Month USD LIBOR + 2.00%), 03/13/25^@		496,241		496,283
Jaguar Holding Co. II, 08/18/22^(a)		498,705		494,485
Total Healthcare – Services				1,222,671

Household Products / Wares — 1.0%
Prestige Brands, Inc., 4.50%, (1-Month USD LIBOR + 2.00%), 01/26/24^@		295,232		292,603

Insurance — 2.2%
HUB International, Ltd., 5.51%, (3-Month USD LIBOR + 2.75%), 04/25/25^@		248,125		240,397
USI, Inc., 5.60%, (3-Month USD LIBOR + 3.00%), 05/16/24^@		394,000		383,165
Total Insurance				623,562

Internet — 1.7%
Uber Technologies, Inc., 5.98%, (1-Month USD LIBOR + 3.50%), 07/13/23^@		487,500		484,963

Leisure Time — 2.4%
BRP US, Inc., 4.50%, (1-Month USD LIBOR + 2.00%), 05/23/25 (Canada)^@		245,020		240,295
ClubCorp Holdings, Inc., 5.35%, (3-Month USD LIBOR + 2.75%), 09/18/24^@		489,634		464,663
Total Leisure Time				704,958

Lodging — 4.1%
Caesars Resort Collection LLC, 5.25%, (1-Month USD LIBOR + 2.75%), 12/23/24^@		493,750		488,018

Investments	Principal		Value
TERM LOANS (continued)

Lodging (continued)
Hilton Worldwide Finance LLC, 10/25/23^(a)	$	461,991	$	461,450
Playa Resorts Holding BV, 5.25%, (1-Month USD LIBOR + 2.75%), 04/29/24^@		245,630		236,727
Total Lodging				1,186,195

Machinery – Diversified — 2.2%
RBS Global, Inc., 4.50%, (1-Month USD LIBOR + 2.00%), 08/21/24^@		188,251		186,699
Titan Acquisition Ltd., 03/28/25 (Canada)^(a)		497,487		464,032
Total Machinery – Diversified				650,731

Media — 1.7%
CSC Holdings LLC, 4.73%, (1-Month USD LIBOR + 2.25%), 07/17/25^@		498,731		485,372

Metal Fabricate / Hardware — 0.8%
Crosby U.S. Acquisition Corp., 5.49%, (1-Month USD LIBOR + 3.00%), 11/23/20^@		245,466		240,098

Miscellaneous Manufacturing — 1.0%
Gates Global LLC, 5.25%, (1-Month USD LIBOR + 2.75%), 04/01/24^@		294,704		291,362

Packaging & Containers — 4.7%
Kloeckner Pentaplast of America, Inc., 6.75%, (1-Month USD LIBOR + 4.25%), 06/30/22 (Luxembourg)^@		246,867		217,398
Plastipak Holdings, Inc., 5.00%, (1-Month USD LIBOR + 2.50%), 10/14/24^@		246,250		242,942
Proampac PG Borrower LLC, 5.99%, (1-Month USD LIBOR + 3.50%), 11/20/23^@		178,165		172,430
Proampac PG Borrower LLC, 6.19%, (3-Month USD LIBOR + 3.50%), 11/20/23^@		107,918		104,444
Proampac PG Borrower LLC, 6.24%, (3-Month USD LIBOR + 3.50%), 11/20/23^@		122,492		118,549
Proampac PG Borrower LLC, 6.26%, (3-Month USD LIBOR + 3.50%), 11/20/23^@		80,174		77,594
Reynolds Group Holdings, Inc., 5.25%, (1-Month USD LIBOR + 2.75%), 02/06/23^@		439,116		434,775
Total Packaging & Containers				1,368,132

Investments	Principal		Value
TERM LOANS (continued)

Pharmaceuticals — 0.7%
Valeant Pharmaceuticals International, Inc., 5.48%, (1-Month USD LIBOR + 3.00%), 06/02/25^@	$	212,741	$	211,621

Retail — 9.9%
1011778 BC ULC, 4.75%, (1-Month USD LIBOR + 2.25%), 02/16/24 (Canada)^@		366,281		361,091
Bass Pro Group LLC, 7.50%, (1-Month USD LIBOR + 5.00%), 09/25/24^@		247,487		242,414
CEC Entertainment, Inc., 5.75%, (1-Month USD LIBOR + 3.25%), 02/15/21^@		478,589		464,950
GYP Holdings III Corp., 5.25%, (1-Month USD LIBOR + 2.75%), 06/02/25^@		480,234		466,225
Michaels Stores, Inc., 4.99%, (1-Month USD LIBOR + 2.50%), 01/30/23^@		116,545		114,360
Michaels Stores, Inc., 5.00%, (1-Month USD LIBOR + 2.50%), 01/30/23^@		327,021		320,889
PetSmart, Inc., 5.49%, (1-Month USD LIBOR + 3.00%), 03/11/22^@		481,250		432,887
Smart & Final Stores LLC, 6.13%, (1-Month USD LIBOR + 3.50%), 11/15/22^@		250,000		239,582
SRS Distribution, Inc., 5.75%, (1-Month USD LIBOR + 3.25%), 05/23/25^@		248,750		238,075
Total Retail				2,880,473

Semiconductors — 0.6%
ON Semiconductor Corp., 4.25%, (1-Month USD LIBOR + 1.75%), 03/31/23^@		178,350		176,887

Software — 7.4%
CCC Information Services, Inc., 5.50%, (1-Month USD LIBOR + 3.00%), 04/29/24^@		246,241		242,368
Dun & Bradstreet Corp. (The), 7.49%, (1-Month USD LIBOR + 5.00%), 02/06/26^@		500,000		495,313
First Data Corp., 4.49%, (1-Month USD LIBOR + 2.00%), 04/26/24^@		500,000		499,117
Infor US, Inc., 5.25%, (1-Month USD LIBOR + 2.75%), 02/01/22^@		424,009		422,784

Investments	Principal		Value
TERM LOANS (continued)

Software (continued)
Kronos, Inc., 5.74%, (3-Month USD LIBOR + 3.00%), 11/01/23^@	$	493,875	$	490,137
Total Software				2,149,719

Telecommunications — 7.2%
Avaya, Inc., 6.73%, (1-Month USD LIBOR + 4.25%), 12/16/24^@		230,769		230,168
Avaya, Inc., 6.85%, (2-Month USD LIBOR + 4.25%), 12/16/24^@		139,543		139,180
Frontier Communications Corp., 6.25%, (1-Month USD LIBOR + 3.75%), 06/17/24^@		245,625		240,405
Intelsat Jackson Holdings SA, 6.24%, (1-Month USD LIBOR + 3.75%), 11/27/23^@		500,000		493,280
Level 3 Parent LLC, 4.74%, (1-Month USD LIBOR + 2.25%), 02/22/24^@		500,000		494,843
Telesat LLC, 5.11%, (3-Month USD LIBOR + 2.50%), 11/17/23 (Canada)^@		497,487		492,015
Total Telecommunications				2,089,891

Trucking & Leasing — 1.2%
Avolon TLB Borrower 1 US LLC, 4.49%, (1-Month USD LIBOR + 2.00%), 01/15/25 (Ireland)^@		356,970		354,594
Total Term Loans
(Cost $24,478,848)				24,151,171

CORPORATE BONDS — 11.5%

Advertising — 0.5%
Outfront Media Capital LLC / Outfront Media Capital Corp., 5.88%, 03/15/25		125,000		128,437

Commercial Services — 1.4%
Ahern Rentals, Inc., 7.38%, 05/15/23^‡		250,000		231,562
Prime Security Services Borrower LLC / Prime Finance, Inc., 9.25%, 05/15/23^‡		178,000		187,345
Total Commercial Services				418,907

Diversified Financial Services — 0.9%
Jefferies Finance LLC / JFIN Co-Issuer Corp., 7.38%, 04/01/20^‡		250,000		250,625

Food — 0.4%
JBS USA LUX SA / JBS USA Finance, Inc., 7.25%, 06/01/21^‡		125,000		126,500

Investments	Principal		Value
CORPORATE BONDS (continued)

Home Builders — 1.3%
Lennar Corp., 4.50%, 06/15/19	$	250,000	$	250,156
Taylor Morrison Communities, Inc., 6.63%, 05/15/22		125,000		129,688
Total Home Builders				379,844

Lodging — 0.9%
MGM Resorts International, 6.75%, 10/01/20		250,000		262,500

Media — 0.9%
CSC Holdings LLC, 6.63%, 10/15/25^‡		250,000		265,625

Mining — 0.4%
Constellium NV, 5.75%, 05/15/24^‡		125,000		125,313

Oil & Gas — 0.4%
Range Resources Corp., 5.88%, 07/01/22		125,000		126,875

Real Estate — 0.9%
Howard Hughes Corp. (The), 5.38%, 03/15/25^‡		250,000		250,918

Retail — 1.3%
Golden Nugget, Inc., 6.75%, 10/15/24^‡		250,000		251,875
Men's Wearhouse, Inc. (The), 7.00%, 07/01/22^(b)		125,000		123,750
Total Retail				375,625

Telecommunications — 1.8%
Sprint Communications, Inc., 6.00%, 11/15/22		250,000		252,575
T-Mobile USA, Inc., 6.38%, 03/01/25		250,000		260,950
Total Telecommunications				513,525

Toys / Games / Hobbies — 0.4%
Mattel, Inc., 2.35%, 08/15/21^(b)		125,000		118,438
Total Corporate Bonds
(Cost $3,331,313)				3,343,132

FOREIGN BONDS — 2.4%

Packaging & Containers — 0.7%
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 7.25%, 05/15/24 (Ireland)^‡		200,000		211,440

Pharmaceuticals — 0.8%
Teva Pharmaceutical Finance Netherlands III BV, 2.20%, 07/21/21 (Israel)		250,000		238,438

Investments	Principal		Value
FOREIGN BONDS (continued)

Trucking & Leasing — 0.9%
Park Aerospace Holdings Ltd., 5.25%, 08/15/22 (Ireland)^‡	$	250,000	$	256,850
Total Foreign Bonds
(Cost $691,027)				706,728

EXCHANGE TRADED FUND — 0.1%

Closed-End Funds — 0.1%
Eagle Point Credit Co., Inc.^(b)
(Cost $35,054)		1,905		31,699

MONEY MARKET FUND — 5.1%
JPMorgan U.S. Government Money Market Fund – Institutional Class, 2.30%^(c) (Cost $1,478,649)		1,478,649		1,478,649

REPURCHASE AGREEMENT — 0.6%^(d)
RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $163,863, (collateralized by various U.S. Government Agency Obligations, 0.00%-7.00%, 04/11/19-09/09/49, totaling $166,608)
(Cost $163,827)		163,827		163,827

Total Investments — 102.7%
(Cost $30,178,718)				29,875,206

Liabilities in Excess of Other Assets — (2.7%)				(781,576	)
Net Assets — 100.0%			$	29,093,630

LIBOR — London Interbank Offered Rate

LP — Limited Partnership

PLC — Public Limited Company

Variable rate instrument. The interest rate shown reflects the rate in effect at March 31, 2019.

‡

(a)

The loan will settle after March 31, 2019 at which time the interest rate will be determined.

(b)

All or a portion of security is on loan. The aggregate market value of the securities on loan is $159,217; the aggregate market value of the collateral held by the fund is $163,827.

(c)

Rate shown reflects the 7-day yield as of March 31, 2019.

(d)

Collateral received from brokers for securities lending was invested in these short-term investments.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Advertising		0.5	%
Aerospace / Defense		2.2
Auto Manufacturers		0.9
Building Materials		1.7
Chemicals		2.5
Closed-End Funds		0.1
Coal		0.8
Commercial Services		4.7
Computers		1.9
Distribution / Wholesale		2.9
Diversified Financial Services		0.9
Electric		2.5
Engineering & Construction		1.6
Entertainment		4.5
Food		3.2
Hand / Machine Tools		1.6
Healthcare – Products		0.8
Healthcare – Services		4.2
Home Builders		1.3
Household Products / Wares		1.0
Insurance		2.2
Internet		1.7
Leisure Time		2.4
Lodging		5.0
Machinery – Diversified		2.2

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)

	% of
	Net Assets
Media		2.6	%
Metal Fabricate / Hardware		0.8
Mining		0.4
Miscellaneous Manufacturing		1.0
Oil & Gas		0.4
Packaging & Containers		5.4
Pharmaceuticals		1.5
Real Estate		0.9
Retail		11.2
Semiconductors		0.6
Software		7.4
Telecommunications		9.0
Toys / Games / Hobbies		0.4
Trucking & Leasing		2.1
Money Market Fund		5.1
Repurchase Agreement		0.6
Total Investments		102.7
Liabilities in Excess of Other Assets		(2.7	)
Net Assets		100.0	%

Investments	Shares			Value
EXCHANGE TRADED FUND — 41.1%

Debt Fund — 41.1%
AdvisorShares Sage Core Reserves ETF^†
(Cost $54,688,500)		550,000		$	54,675,500

MONEY MARKET FUNDS — 44.9%
BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 2.36%^(a)		41,086,623			41,086,623
Dreyfus Treasury Securities Cash Management, 2.27%^(a)		1,728,439			1,728,439
Fidelity Institutional Money Market Government Portfolio – Class III, 2.05%^(a)		16,347,471			16,347,471
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, 2.30%^(a)		500,000			500,000

Total Money Market Funds
(Cost $59,662,533)					59,662,533

Total Investments Before Securities Sold, Not Yet Purchased
(Cost $114,351,033)					114,338,033

Securities Sold, Not Yet Purchased — (99.2)%^(b)

COMMON STOCKS — (99.2)%

Aerospace/Defense — (1.6)%
Aerojet Rocketdyne Holdings, Inc.*		(60,000	)		(2,131,800	)

Apparel — (3.6)%
Carter's, Inc.		(20,000	)		(2,015,800	)
Deckers Outdoor Corp.*		(18,646	)		(2,740,776	)
Total Apparel					(4,756,576	)

Auto Parts & Equipment — (5.4)%
Cooper-Standard Holdings, Inc.*		(30,000	)		(1,408,800	)
Delphi Technologies PLC		(90,000	)		(1,733,400	)
Goodyear Tire & Rubber Co. (The)		(125,000	)		(2,268,750	)
Visteon Corp.*		(26,500	)		(1,784,775	)
Total Auto Parts & Equipment					(7,195,725	)

Building Materials — (3.1)%
Boise Cascade Co.		(75,000	)		(2,007,000	)
Fortune Brands Home & Security, Inc.		(44,000	)		(2,094,840	)
Total Building Materials					(4,101,840	)

Investments	Shares			Value
COMMON STOCKS (continued)

Commercial Services — (1.4)%
H&R Block, Inc.		(80,000	)	$	(1,915,200	)

Computers — (3.1)%
NetScout Systems, Inc.*		(61,000	)		(1,712,270	)
Western Digital Corp.		(50,000	)		(2,403,000	)
Total Computers					(4,115,270	)

Distribution / Wholesale — (3.5)%
Watsco, Inc.		(32,500	)		(4,654,325	)

Diversified Financial Services — (2.2)%
Alliance Data Systems Corp.		(17,000	)		(2,974,660	)

Electronics — (1.6)%
Coherent, Inc.*		(15,000	)		(2,125,800	)

Engineering & Construction — (2.7)%
MasTec, Inc.*		(75,000	)		(3,607,500	)

Food — (7.7)%
Conagra Brands, Inc.		(90,000	)		(2,496,600	)
Ingredion, Inc.		(20,000	)		(1,893,800	)
McCormick & Co., Inc.		(38,500	)		(5,799,255	)
Total Food					(10,189,655	)

Hand/Machine Tools — (4.6)%
Snap-on, Inc.		(39,000	)		(6,104,280	)

Household Products/Wares — (1.4)%
Spectrum Brands Holdings, Inc.		(35,000	)		(1,917,300	)

Internet — (10.0)%
GrubHub, Inc.*		(36,000	)		(2,500,920	)
Shopify, Inc., Class A (Canada)*		(8,000	)		(1,652,960	)
Shutterfly, Inc.*		(50,000	)		(2,032,000	)
Twitter, Inc.*		(110,000	)		(3,616,800	)
Wayfair, Inc., Class A*		(24,000	)		(3,562,800	)
Total Internet					(13,365,480	)

Iron / Steel — (1.4)%
United States Steel Corp.		(97,827	)		(1,906,648	)

Leisure Time — (4.2)%
Brunswick Corp.		(40,000	)		(2,013,200	)
Harley-Davidson, Inc.		(100,000	)		(3,566,000	)
Total Leisure Time					(5,579,200	)

Lodging — (1.6)%
Hilton Grand Vacations, Inc.*		(68,000	)		(2,097,800	)

Machinery – Diversified — (5.4)%
Dover Corp.		(76,688	)		(7,193,334	)

Investments	Shares			Value
COMMON STOCKS (continued)

Media — (2.0)%
Discovery, Inc., Class A*	$	(100,000	)		(2,702,000	)

Miscellaneous Manufacturing — (4.0)%
Axon Enterprise, Inc.*		(50,000	)		(2,720,500	)
Textron, Inc.		(50,000	)		(2,533,000	)
Total Miscellaneous Manufacturing					(5,253,500	)

Office/Business Equipment — (2.0)%
Canon, Inc. (Japan)^(c)		(90,000	)		(2,613,600	)

Pharmaceuticals — (3.6)%
Perrigo Co. PLC		(30,000	)		(1,444,800	)
Prestige Consumer Healthcare, Inc.*		(110,000	)		(3,290,100	)
Total Pharmaceuticals					(4,734,900	)

REITS — (2.1)%
Tanger Factory Outlet Centers, Inc.		(130,000	)		(2,727,400	)

Retail — (6.4)%
AutoNation, Inc.*		(92,000	)		(3,286,240	)
CarMax, Inc.*		(48,000	)		(3,350,400	)
Lithia Motors, Inc., Class A		(20,000	)		(1,855,000	)
Total Retail					(8,491,640	)

Software — (14.6)%
Allscripts Healthcare Solutions, Inc.*		(350,000	)		(3,339,000	)

Investments	Shares			Value
COMMON STOCKS (continued)

Software (continued)
Cerner Corp.*		(45,000	)	$	(2,574,450	)
Citrix Systems, Inc.		(40,500	)		(4,036,230	)
MSCI, Inc.		(15,000	)		(2,982,600	)
PTC, Inc.*		(70,000	)		(6,452,600	)
Total Software					(19,384,880	)

Total Securities Sold, Not Yet Purchased [Proceeds Received $(126,772,779)]					(131,840,313	)

Total Investments — (13.2)%
(Cost $(12,421,746))					(17,502,280	)

Other Assets in Excess of Liabilities — 113.2%					150,487,236
Net Assets — 100.0%				$	132,984,956

ETF — Exchange Traded Fund

PLC — Public Limited Company

REITS — Real Estate Investment Trusts

†

Affiliated Company.

Non-income producing security.

(a)

Rate shown reflects the 7-day yield as of March 31, 2019.

(b)

As of March 31, 2019 cash in the amount of $81,341,843 has been segregated as collateral from the broker for securities sold short.

(c)

American Depositary Receipt.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Aerospace/Defense		(1.6	)%
Apparel		(3.6	)
Auto Parts & Equipment		(5.4	)
Building Materials		(3.1	)
Commercial Services		(1.4	)
Computers		(3.1	)
Debt Fund		41.1
Distribution / Wholesale		(3.5	)
Diversified Financial Services		(2.2	)
Electronics		(1.6	)
Engineering & Construction		(2.7	)
Food		(7.7	)
Hand/Machine Tools		(4.6	)
Household Products/Wares		(1.4	)
Internet		(10.0	)
Iron / Steel		(1.4	)

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)

	% of
	Net Assets
Leisure Time		(4.2	)%
Lodging		(1.6	)
Machinery – Diversified		(5.4	)
Media		(2.0	)
Miscellaneous Manufacturing		(4.0	)
Office/Business Equipment		(2.0	)
Pharmaceuticals		(3.6	)
REITS		(2.1	)
Retail		(6.4	)
Software		(14.6	)
Money Market Funds		44.9
Total Investments		(13.2	)
Other Assets in Excess of Liabilities		113.2
Net Assets		100.0	%

Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the period ended March 31, 2019 were as follows:

Investments	Shares		Value
COMMON STOCKS — 95.6%

Banks — 5.8%
Goldman Sachs Group, Inc. (The)		392	$	75,260
JPMorgan Chase & Co.		756		76,530
Total Banks				151,790

Commercial Services — 9.5%
PayPal Holdings, Inc.*		848		88,056
Square, Inc., Class A*		1,076		80,614
StoneCo Ltd., Class A (Brazil)*		2,023		83,166
Total Commercial Services				251,836

Computers — 2.1%
Nutanix, Inc., Class A*		1,484		56,006

Diversified Financial Services — 12.6%
American Express Co.		756		82,631
Mastercard, Inc., Class A		364		85,704
Nasdaq, Inc.		892		78,041
Visa, Inc., Class A		548		85,592
Total Diversified Financial Services				331,968

Healthcare – Services — 2.7%
UnitedHealth Group, Inc.		292		72,200

Internet — 22.6%
Alibaba Group Holding Ltd. (China)*^(a)		456		83,197
Alphabet, Inc., Class C*		68		79,785
Amazon.com, Inc.*		64		113,968
F5 Networks, Inc.*		480		75,327
FireEye, Inc.*		4,000		67,160
Okta, Inc.*		956		79,090
Zendesk, Inc.*		1,140		96,900
Total Internet				595,427

Software — 36.1%
Alteryx, Inc., Class A*		1,108		92,928
Atlassian Corp. PLC, Class A*		764		85,866
Microsoft Corp.		728		85,860
MongoDB, Inc.*		808		118,792
New Relic, Inc.*		740		73,038
salesforce.com, Inc.*		492		77,918
ServiceNow, Inc.*		340		83,807
Splunk, Inc.*		604		75,258
Twilio, Inc., Class A*		688		88,876
VMware, Inc., Class A		500		90,255
Workday, Inc., Class A*		412		79,454
Total Software				952,052

Investments	Shares		Value
COMMON STOCKS (continued)

Telecommunications — 4.2%
Arista Networks, Inc.*		348	$	109,432
Total Common Stocks
(Cost $2,465,585)				2,520,711

Total Investments — 95.6%
(Cost $2,465,585)				2,520,711
Other Assets in Excess of Liabilities — 4.4%				117,099
Net Assets — 100.0%			$	2,637,810

PLC — Public Limited Company

*	Non-income producing security.
(a)	American Depositary Receipt.

Investments	Principal		Value
CORPORATE BONDS — 55.5%

Aerospace/Defense — 1.7%
Spirit AeroSystems, Inc., 3.41%, (3-Month USD LIBOR + 0.80%), 06/15/21^@	$	639,000	$	635,379
United Technologies Corp., 1.50%, 11/01/19		570,000		566,150
Total Aerospace/Defense				1,201,529

Auto Manufacturers — 0.7%
General Motors Co., 3.54%, (3-Month USD LIBOR + 0.80%), 08/07/20^@		517,000		516,443

Banks — 13.7%
Bank of America Corp., Series L, 2.65%, 04/01/19		103,000		103,000
Bank of America Corp., Series L, 2.25%, 04/21/20		1,395,000		1,387,904
Bank of New York Mellon Corp. (The), Series G, 2.15%, 02/24/20		940,000		935,949
Branch Banking & Trust Co., 3.24%, (3-Month USD LIBOR + 0.45%), 01/15/20^@		475,000		476,282
Branch Banking & Trust Co., Series BKNT, 2.85%, (3-Month USD LIBOR + 0.22%), 06/01/20^@		400,000		400,174
Citigroup, Inc., 2.05%, 06/07/19		260,000		259,705
Citigroup, Inc., 2.40%, 02/18/20		315,000		313,845
Citigroup, Inc., 3.66%, (3-Month USD LIBOR + 1.07%), 12/08/21^@		770,000		778,965
Goldman Sachs Group, Inc. (The), Series GMTN, 5.38%, 03/15/20		830,000		849,576
Goldman Sachs Group, Inc. (The), Series FRN, 4.42%, (3-Month USD LIBOR + 1.77%), 02/25/21^@		1,065,000		1,091,218
JPMorgan Chase & Co., 4.11%, (3-Month USD LIBOR + 1.48%), 03/01/21^@		630,000		641,928
Manufacturers & Traders Trust Co., Series BKNT, 3.04%, (3-Month USD LIBOR + 0.27%), 01/25/21^@		520,000		519,268
Morgan Stanley, 2.80%, 06/16/20		695,000		695,672
Wells Fargo & Co., 2.13%, 04/22/19		1,100,000		1,099,678
Total Banks				9,553,164

Investments	Principal		Value
CORPORATE BONDS (continued)

Beverages — 0.9%
Constellation Brands, Inc., 2.00%, 11/07/19	$	650,000	$	646,540

Biotechnology — 1.0%
Amgen, Inc., 3.02%, (3-Month USD LIBOR + 0.32%), 05/10/19^@		705,000		705,278

Building Materials — 1.0%
Vulcan Materials Co., 3.21%, (3-Month USD LIBOR + 0.60%), 06/15/20^@		430,000		429,468
Vulcan Materials Co., 3.28%, (3-Month USD LIBOR + 0.65%), 03/01/21^@		245,000		244,844
Total Building Materials				674,312

Chemicals — 0.6%
Eastman Chemical Co., 2.70%, 01/15/20		129,000		128,931
Monsanto Co., 2.13%, 07/15/19		264,000		262,811
Total Chemicals				391,742

Commercial Services — 0.8%
Equifax, Inc., 3.55%, (3-Month USD LIBOR + 0.87%), 08/15/21^@		570,000		566,655

Computers — 0.9%
Hewlett Packard Enterprise Co., 3.60%, 10/15/20		634,000		639,750

Diversified Financial Services — 9.1%
Air Lease Corp., 2.13%, 01/15/20		1,035,000		1,029,620
American Express Credit Corp., Series GMTN, 2.25%, 08/15/19^(a)		420,000		419,359
American Express Credit Corp., Series MTN, 2.20%, 03/03/20		345,000		343,498
American Express Credit Corp., Series F, 3.64%, (3-Month USD LIBOR + 1.05%), 09/14/20^@		540,000		545,646
Capital One Financial Corp., 2.50%, 05/12/20		695,000		693,167
Cboe Global Markets, Inc., 1.95%, 06/28/19		845,000		843,342
Charles Schwab Corp. (The), 2.96%, (3-Month USD LIBOR + 0.32%), 05/21/21^@		500,000		499,982

Investments	Principal		Value
CORPORATE BONDS (continued)

Diversified Financial Services (continued)
International Lease Finance Corp., 5.88%, 04/01/19	$	300,000	$	300,000
International Lease Finance Corp., 6.25%, 05/15/19		225,000		225,829
Jefferies Group LLC, 8.50%, 07/15/19		520,000		528,200
Nasdaq, Inc., 5.55%, 01/15/20		680,000		694,210
Synchrony Financial, 2.70%, 02/03/20		195,000		194,781
Total Diversified Financial Services				6,317,634

Food — 5.4%
General Mills, Inc., 2.20%, 10/21/19^(a)		673,000		670,528
JM Smucker Co. (The), 2.50%, 03/15/20		660,000		658,359
Kraft Heinz Foods Co., 3.12%, (3-Month USD LIBOR + 0.42%), 08/09/19^@		525,000		525,233
Kroger Co. (The), Series GMTN, 1.50%, 09/30/19		1,359,000		1,349,492
Tyson Foods, Inc., 3.17%, (3-Month USD LIBOR + 0.55%), 06/02/20^@		590,000		589,633
Total Food				3,793,245

Healthcare – Products — 2.0%
Becton Dickinson and Co., 3.48%, (3-Month USD LIBOR + 0.88%), 12/29/20^@		293,000		293,031
Zimmer Biomet Holdings, Inc., 2.70%, 04/01/20		695,000		693,426
Zimmer Biomet Holdings, Inc., 3.38%, (3-Month USD LIBOR + 0.75%), 03/19/21^@		390,000		388,825
Total Healthcare – Products				1,375,282

Healthcare – Services — 2.6%
Anthem, Inc., 2.25%, 08/15/19		629,000		627,885
HCA, Inc., 6.50%, 02/15/20		925,000		952,086
Humana, Inc., 2.63%, 10/01/19		260,000		259,692
Total Healthcare – Services				1,839,663

Internet — 0.7%
eBay, Inc., 2.20%, 08/01/19		522,000		521,011

Media — 1.2%
NBCUniversal Media LLC, 5.15%, 04/30/20		308,000		315,753

Investments	Principal		Value
CORPORATE BONDS (continued)

Media (continued)
Warner Media LLC, 2.10%, 06/01/19	$	525,000	$	524,298
Total Media				840,051

Oil & Gas — 0.3%
Phillips 66, 3.25%, (3-Month USD LIBOR + 0.60%), 02/26/21^@		200,000		200,006

Pharmaceuticals — 2.8%
Allergan Funding SCS, 3.85%, (3-Month USD LIBOR + 1.26%), 03/12/20^@		855,000		862,553
Allergan Funding SCS, 3.00%, 03/12/20		323,000		322,899
Express Scripts Holding Co., 2.25%, 06/15/19		745,000		743,894
Total Pharmaceuticals				1,929,346

Pipelines — 3.5%
Enbridge Energy Partners LP, 5.20%, 03/15/20		790,000		807,327
EnLink Midstream Partners LP, 2.70%, 04/01/19		390,000		390,000
Midcontinent Express Pipeline LLC, 6.70%, 09/15/19^‡		537,000		540,995
Williams Cos., Inc. (The), 5.25%, 03/15/20		665,000		679,305
Total Pipelines				2,417,627

REITS — 3.5%
Alexandria Real Estate Equities, Inc., 2.75%, 01/15/20		675,000		673,967
ERP Operating LP, 2.38%, 07/01/19		740,000		739,313
Liberty Property LP, 4.75%, 10/01/20		635,000		648,865
Ventas Realty LP / Ventas Capital Corp., 2.70%, 04/01/20		385,000		384,239
Total REITS				2,446,384

Retail — 1.5%
Dollar Tree, Inc., 3.47%, (3-Month USD LIBOR + 0.70%), 04/17/20^@		270,000		270,062
Walgreens Boots Alliance, Inc., 2.70%, 11/18/19		744,000		743,507
Total Retail				1,013,569

Telecommunications — 1.2%
AT&T, Inc., 3.53%, (3-Month USD LIBOR + 0.93%), 06/30/20^@		636,000		640,675

Investments	Principal		Value
CORPORATE BONDS (continued)

Telecommunications (continued)
AT&T, Inc., 3.74%, (3-Month USD LIBOR + 0.95%), 07/15/21^@	$	165,000	$	167,001
Total Telecommunications				807,676

Trucking & Leasing — 0.4%
Aviation Capital Group LLC, 3.42%, (3-Month USD LIBOR + 0.67%), 07/30/21^@^‡		270,000		268,454
Total Corporate Bonds
(Cost $38,609,797)				38,665,361

ASSET BACKED SECURITIES — 18.8%

Diversified Financial Services — 18.8%
American Express Credit Account Master Trust, Class A, Series 2017-4, 1.64%, 12/15/21		625,000		624,037
Cabela's Credit Card Master Note Trust, Class A1, Series 2016-1, 1.78%, 06/15/22		350,000		349,293
Cabela's Credit Card Master Note Trust, Class A2, Series 2015-1A, 3.02%, (1-Month USD LIBOR + 0.54%), 03/15/23^@		285,000		285,700
Capital One Multi-Asset Execution Trust, Class A3, Series 2016-A3, 1.34%, 04/15/22		1,305,000		1,301,421
CarMax Auto Owner Trust, Class A3, Series 2015-4, 1.56%, 11/16/20		148,245		147,991
CarMax Auto Owner Trust, Class A3, Series 2016-3, 1.39%, 05/17/21		766,155		762,463
CarMax Auto Owner Trust, Class C, Series 2015-1, 2.46%, 12/15/20		525,000		524,936
Chase Issuance Trust, Class A, Series 2016-A2, 1.37%, 06/15/21		1,485,000		1,481,128
Citibank Credit Card Issuance Trust, Class A6, Series 2014-A6, 2.15%, 07/15/21		645,000		644,116
Discover Card Execution Note Trust, Class A4, Series 2014-A4, 2.12%, 12/15/21		845,000		843,963
Ford Credit Auto Owner Trust, Class A2B, Series 2017-C, 2.60%, (1-Month USD LIBOR + 0.12%), 09/15/20^@		108,903		109,019

Investments	Principal		Value
ASSET BACKED SECURITIES (continued)

Diversified Financial Services (continued)
Ford Credit Auto Owner Trust, Class A3, Series 2016-A, 1.39%, 07/15/20	$	20,911	$	20,891
Ford Credit Floorplan Master Owner Trust A, Class A1, Series 2016-5, 1.95%, 11/15/21		640,000		636,874
Honda Auto Receivables Owner Trust, Class A2, Series 2017-3, 1.57%, 01/21/20		15,082		15,075
Honda Auto Receivables Owner Trust, Class A3, Series 2016-1, 1.22%, 12/18/19		778		778
Honda Auto Receivables Owner Trust, Class A3, Series 2016-4, 1.21%, 12/18/20		717,282		712,829
Hyundai Auto Receivables Trust, Class A2A, Series 2017-B, 1.57%, 08/17/20		58,283		58,203
Hyundai Auto Receivables Trust, Class A3, Series 2016-A, 1.56%, 09/15/20		285,449		284,906
Nissan Auto Receivables Owner Trust, Class A3, Series 2016-A, 1.34%, 10/15/20		142,139		141,763
Nissan Auto Receivables Owner Trust, Class A3, Series 2016-C, 1.18%, 01/15/21		709,506		705,266
Nissan Master Owner Trust Receivables, Class A1, Series 2016-A, 3.12%, (1-Month USD LIBOR + 0.64%), 06/15/21^@		520,000		520,437
Tesla Auto Lease Trust, Class A, Series 2018-A, 2.32%, 12/20/19^‡		106,973		106,836
Toyota Auto Receivables Owner Trust, Class A2B, Series 2017-C, 2.56%, (1-Month USD LIBOR + 0.08%), 07/15/20^@		40,430		40,428
Toyota Auto Receivables Owner Trust, Class A3, Series 2016-D, 1.23%, 10/15/20		704,506		701,193
Verizon Owner Trust, Class A, Series 2016-1A, 1.42%, 01/20/21^‡		439,165		438,648

Investments	Principal		Value
ASSET BACKED SECURITIES (continued)

Diversified Financial Services (continued)
World Financial Network Credit Card Master Trust, Class A, Series 2012-D, 2.15%, 04/17/23	$	1,220,000	$	1,218,411
World Omni Auto Receivables Trust, Class A3, Series 2016-A, 1.77%, 09/15/21		408,979		407,304
Total Asset Backed Securities
(Cost $13,092,345)				13,083,909

FOREIGN BONDS — 10.7%

Banks — 5.5%
Barclays Bank PLC, Series GMTN, 3.29%, (3-Month USD LIBOR + 0.55%), 08/07/19 (United Kingdom)^@		420,000		420,438
Credit Suisse AG, 5.40%, 01/14/20 (Switzerland)		1,980,000		2,016,126
HSBC Holdings PLC, 3.28%, (3-Month USD LIBOR + 0.60%), 05/18/21 (United Kingdom)^@		260,000		259,954
Sumitomo Mitsui Financial Group, Inc., 4.28%, (3-Month USD LIBOR + 1.68%), 03/09/21 (Japan)^@		615,000		628,312
Toronto-Dominion Bank (The), 2.93%, (3-Month USD LIBOR + 0.15%), 10/24/19 (Canada)^@		510,000		510,257
Total Banks				3,835,087

Diversified Financial Services — 2.0%
Nomura Holdings, Inc., 6.70%, 03/04/20 (Japan)		1,326,000		1,371,742

Oil & Gas — 1.0%
Petroleos Mexicanos, 6.00%, 03/05/20 (Mexico)		700,000		716,940

Pharmaceuticals — 1.1%
Bayer US Finance II LLC, 3.23%, (3-Month USD LIBOR + 0.63%), 06/25/21 (Germany)^@^‡		260,000		257,849
Teva Pharmaceutical Finance IV LLC, 2.25%, 03/18/20 (Israel)		550,000		541,396
Total Pharmaceuticals				799,245

Investments	Principal		Value
FOREIGN BONDS (continued)

Retail — 0.3%
Alimentation Couche-Tard, Inc., 3.11%, (3-Month USD LIBOR + 0.50%), 12/13/19 (Canada)^@^‡	$	200,000	$	199,983

Semiconductors — 0.8%
NXP BV/NXP Funding LLC, 4.13%, 06/15/20 (Netherlands)^‡		530,000		538,008
Total Foreign Bonds
(Cost $7,453,081)				7,461,005

U.S. TREASURY NOTES — 10.2%
U.S. Treasury Note, 0.88%, 06/15/19		1,050,000		1,046,574
U.S. Treasury Note, 0.88%, 09/15/19		5,075,000		5,039,517
U.S. Treasury Note, 1.38%, 12/15/19		1,015,000		1,007,546
Total U.S. Treasury Notes
(Cost $7,088,352)				7,093,637

MORTGAGE BACKED SECURITIES — 2.3%

Commercial Mortgage Backed Securities — 2.3%
Fannie Mae Connecticut Avenue Securities, Class 1M1, Series 2017-C05, 3.04%, (1-Month USD LIBOR + 0.55%), 01/25/30^@		180,280		180,204
Fannie Mae Connecticut Avenue Securities, Class 1M1, Series 2018-C05, 3.21%, (1-Month USD LIBOR + 0.72%), 01/25/31^@		262,274		262,303
Freddie Mac REMICS, Class ED, Series 2010-3645, 2.50%, 12/15/20		55,949		55,676
Freddie Mac Structured Agency Credit Risk Debt Notes, Class M1, Series 2018-DNA1, 2.94%, (1-Month USD LIBOR + 0.45%), 07/25/30^@		454,611		452,711
Freddie Mac Structured Agency Credit Risk Debt Notes, Class M1, Series 2018-HQA1, 3.19%, (1-Month USD LIBOR + 0.70%), 09/25/30^@		611,129		610,952
Total Mortgage Backed Securities
(Cost $1,565,461)				1,561,846

Investments	Shares/ Principal		Value
U.S. TREASURY BILL — 0.2%
U.S. Treasury Bill, 2.48%, 05/09/19^(b)
(Cost $99,742)	$	100,000	$	99,751

MONEY MARKET FUND — 3.8%
JPMorgan U.S. Government Money Market Fund – Institutional Class, 2.30%^(c) (Cost $2,675,358)		2,675,358		2,675,358

REPURCHASE AGREEMENT — 0.3%^(d)
RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $203,118, (collateralized by various U.S. Government Agency Obligations, 0.00%-7.00%, 04/11/19-09/09/49, totaling $206,520)
(Cost $203,073)		203,073		203,073
Total Investments — 101.8%
(Cost $70,787,209)				70,843,940
Liabilities in Excess of Other Assets — (1.8%)				(1,230,106	)
Net Assets — 100.0%			$	69,613,834

LIBOR — London Interbank Offered Rate

LP — Limited Partnership

PLC — Public Limited Company

REITS — Real Estate Investment Trusts

@	Variable rate instrument. The interest rate shown reflects the rate in effect at March 31, 2019.
‡	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.
(a)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $196,368; the aggregate market value of the collateral held by the fund is $203,073.
(b)	Represents a zero coupon bond. Rate shown reflects the effective yield.
(c)	Rate shown reflects the 7-day yield as of March 31, 2019.
(d)	Collateral received from brokers for securities lending was invested in these short-term investments.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Aerospace/Defense		1.7	%
Auto Manufacturers		0.7
Banks		19.2
Beverages		0.9
Biotechnology		1.0
Building Materials		1.0
Chemicals		0.6
Commercial Mortgage Backed Securities		2.3
Commercial Services		0.8
Computers		0.9
Diversified Financial Services		29.9
Food		5.4
Healthcare – Products		2.0
Healthcare – Services		2.6
Internet		0.7
Media		1.2
Oil & Gas		1.3
Pharmaceuticals		3.9
Pipelines		3.5
REITS		3.5
Retail		1.8
Semiconductors		0.8

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)

	% of
	Net Assets
Telecommunications		1.2	%
Trucking & Leasing		0.4
U.S. Treasury Bill		0.2
U.S. Treasury Notes		10.2
Money Market Fund		3.8
Repurchase Agreement		0.3
Total Investments		101.8
Liabilities in Excess of Other Assets		(1.8	)
Net Assets		100.0	%

Investments	Shares/ Contracts		Value
EXCHANGE TRADED FUNDS — 87.4%

Debt Fund — 18.8%
First Trust Low Duration Opportunities ETF^(a)		10,886	$	558,234
Invesco Senior Loan ETF^(a)		24,935		564,528
iShares Core U.S. Aggregate Bond ETF^(a)		2,620		285,763
iShares Interest Rate Hedged High Yield Bond ETF^(a)		6,342		567,280
iShares Short-Term Corporate Bond ETF^(a)		16,136		852,304
Total Debt Fund				2,828,109

Equity Fund — 68.6%
Consumer Discretionary Select Sector SPDR Fund		4,682		533,046
Consumer Staples Select Sector SPDR Fund		9,504		533,270
Health Care Select Sector SPDR Fund		5,595		513,341
iShares MSCI EAFE ETF		19,407		1,258,738
iShares Russell 2000 ETF		2,923		447,482
SPDR S&P 500 ETF Trust		22,934		6,478,396
Technology Select Sector SPDR Fund		7,418		548,932
Total Equity Fund				10,313,205
Total Exchange Traded Funds
(Cost $11,245,723)				13,141,314

MONEY MARKET FUND — 13.1%
BlackRock Liquidity Funds T-Fund Portfolio, Institutional Class, 2.37%^(b) (Cost $1,968,346)		1,968,346		1,968,346

	Notional Amount
PURCHASED PUT OPTION — 0.1%
SPDR S&P 500 ETF Trust, Expiring 09/20/19, Strike Price $225.00 (Cost $20,225)	$	2,992,500		133		$	19,086
Total Investments Before Written Options — 100.6%
(Cost $13,234,294)							15,128,746

WRITTEN CALL OPTIONS — (0.1)%
iShares MSCI EAFE ETF, Expiring 04/18/19, Strike Price $66.50		(645,050	)	(97	)		(1,261	)
SPDR S&P 500 ETF Trust, Expiring 04/18/19, Strike Price $288.00		(4,291,200	)	(149	)		(13,932	)
Total Written Options
[Premiums Received $(20,822)]							(15,193	)

Total Investments — 100.5%
(Cost $13,213,472)							15,113,553
Liabilities in Excess of Other Assets — (0.5%)							(69,545	)
Net Assets — 100.0%						$	15,044,008

ETF — Exchange Traded Fund

(a)	All or a portion of this security has been pledged as collateral for option contracts. The aggregate market value of the collateral was $2,828,109 as of March 31, 2019.
(b)	Rate shown reflects the 7-day yield as of March 31, 2019.

Investments	Shares		Value
COMMON STOCKS — 99.8%

Agriculture — 29.6%
Altria Group, Inc.		10,622	$	610,021
British American Tobacco PLC (United Kingdom)^(a)		17,045		711,117
Imperial Brands PLC (United Kingdom)^(a)(b)		15,561		537,944
Philip Morris International, Inc.		6,690		591,329
Pyxus International, Inc.*^(b)		15,726		375,694
Turning Point Brands, Inc.		15,786		727,577
Universal Corp.		6,757		389,406
Vector Group Ltd.		18,406		198,601
Total Agriculture				4,141,689

Apparel — 3.5%
LVMH Moet Hennessy Louis Vuitton SE (France)^(a)		6,697		493,636

Beverages — 30.9%
Ambev SA (Brazil)^(a)		19,195		82,539
Anheuser-Busch InBev SA/NV (Belgium)^(a)		2,422		203,375
Boston Beer Co., Inc. (The), Class A*^(b)		1,875		552,619
Brown-Forman Corp., Class B^(b)		7,835		413,531
Cia Cervecerias Unidas SA (Chile)^(a)		20,003		589,288
Constellation Brands, Inc., Class A		1,462		256,333
Craft Brew Alliance, Inc.*		23,027		321,917
Diageo PLC (United Kingdom)^(a)		3,542		579,507
MGP Ingredients, Inc.^(b)		3,864		298,108
Molson Coors Brewing Co., Class B		3,709		221,242
New Age Beverages Corp.*^(b)		83,172		437,485
Pernod Ricard SA (France)^(a)(b)		4,583		164,621
Vina Concha y Toro SA (Chile)^(a)		5,060		210,810
Total Beverages				4,331,375

Entertainment — 4.2%
RCI Hospitality Holdings, Inc.		25,892		594,739

Healthcare – Products — 9.6%
Abbott Laboratories		7,496		599,230
Thermo Fisher Scientific, Inc.		2,700		739,044
Total Healthcare – Products				1,338,274

Healthcare – Services — 4.7%
Catalent, Inc.*		16,123		654,433

Housewares — 0.8%
Scotts Miracle-Gro Co. (The)^(b)		1,469		115,434

Investments	Shares/ Principal		Value
COMMON STOCKS (continued)

Pharmaceuticals — 6.0%
AbbVie, Inc.		4,732	$	381,352
Insys Therapeutics, Inc.*		20,455		94,502
Novartis AG (Switzerland)^(a)		3,861		371,197
Total Pharmaceuticals				847,051

Retail — 10.5%
BJ's Restaurants, Inc.^(b)		7,074		334,459
Darden Restaurants, Inc.		6,160		748,255
Dave & Buster's Entertainment, Inc.		7,821		390,033
Total Retail				1,472,747
Total Common Stocks
(Cost $13,605,173)				13,989,378

MONEY MARKET FUND — 0.2%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 2.29%^(c) (Cost $24,841)		24,841		24,841

REPURCHASE AGREEMENTS — 8.8%^(d)
Citibank NA, dated 03/29/19, due 04/01/19, 2.65%, total to be received $286,835, (collateralized by various U.S. Government Agency Obligations, 2.96%-4.50%, 01/01/28-07/01/48, totaling $292,202)	$	286,772	$	286,772
Daiwa Capital Markets America, dated 03/29/19, due 04/01/19, 2.65%, total to be received $286,835, (collateralized by various U.S. Government Agency Obligations, 0.00%-6.50%, 04/11/19-03/20/49, totaling $291,661)		286,772		286,772
HSBC Securities USA, Inc., dated 03/29/19, due 04/01/19, 2.59%, total to be received $73,441, (collateralized by various U.S. Government Agency Obligations, 0.00%-4.50%, 08/15/39-11/20/48, totaling $74,700)		73,425		73,425
Merrill Lynch Pierce Fenner & Smith, Inc., dated 03/29/19, due 04/01/19, 2.60%, total to be received $286,834, (collateralized by various U.S. Government Agency Obligations, 3.50%-4.50%, 03/20/47-12/20/48, totaling $291,577)		286,772		286,772

Investments	Principal		Value
REPURCHASE AGREEMENTS (continued)
Mizuho Securities USA, Inc., dated 03/29/19, due 04/01/19, 2.57%, total to be received $11,504, (collateralized by various U.S. Government Agency Obligations, 0.88%-2.88%, 12/31/20-05/15/43, totaling $11,703)		11,502	$	11,502
RBC Dominion Securities, Inc., dated 03/29/19, due 04/01/19, 2.65%, total to be received $286,835, (collateralized by various U.S. Government Agency Obligations, 0.00%-7.00%, 04/11/19-09/09/49, totaling $291,640)		286,772		286,772
Total Repurchase Agreements
(Cost $1,232,015)				1,232,015

Total Investments – 108.8%
(Cost $14,862,029)				15,246,234
Liabilities in Excess of Other Assets – (8.8%)				(1,229,385	)
Net Assets — 100.0%			$	14,016,849

PLC — Public Limited Company

*	Non-income producing security.
(a)	American Depositary Receipt.
(b)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $2,521,772; the aggregate market value of the collateral held by the fund is $2,592,524. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,360,509.
(c)	Rate shown reflects the 7-day yield as of March 31, 2019.
(d)	Collateral received from brokers for securities lending was invested in these short-term investments.

Affiliated Fund Name		Value at 6/30/2018				Purchases/ Additions				Sales/ Reductions				Realized Gain (Loss)				Change in Unrealized Gain (Loss)				Value at 3/31/2019				Dividend Income
AdvisorShares Sage Core Reserves ETF		$	—			$	2,485,250			$	—			$	—			$	—			$	2,485,250			$	28,902

Assets	Level 1		Level 2		Level 3		Total
Common Stocks	$	4,987,475	$	—	$	—	$	4,987,475
Money Market Fund		29,559		—		—		29,559
Repurchase Agreement		—		189,211		—		189,211
Total	$	5,017,034	$	189,211	$	—	$	5,206,245

Liabilities	Level 1			Level 2		Level 3		Total
Common Stocks	$	(15,334,641	)	$	—	$	—	$	(15,334,641	)
Total	$	(15,334,641	)	$	—	$	—	$	(15,334,641	)

	% of
	Net Assets
Asset Allocation Fund		13.1	%
Debt Fund		85.4
Money Market Fund		1.9
Repurchase Agreements		11.4
Total Investments		111.8
Liabilities in Excess of Other Assets		(11.8	)
Net Assets		100.0	%

Affiliated Fund Name		Value at 06/30/2018				Purchases/ Additions				Sales/ Reductions				Realized Gain (Loss)				Change in Unrealized Gain (Loss)				Value at 3/31/2019				Dividend Income
AdvisorShares Sabretooth ETF		$	—			$	5,926,772			$	(4,431,262	)		$	(25,457	)		$	26,581			$	1,496,634			$	—